The demand for washing machines for next February is 13.33, The demand for washing machines for February is 12.8, and the weighted average method is better.
1)
The entire value of November, December, and January will be added up and divided by 3 to determine the projection for February using a 3-month moving average.
This will be,
(14+16+11)/3
=41/3
=13.33
2)
By using the method of weighted average,
the forecast will be as follows =
0.1 × November + 0.3 × December + 0.6 ×January
= 0.1 × 14 + 0.3 × 16 + 0.6 × 11 = 12.8
3)
The absolute deviation using 3-month moving average = 11-13.33
=2.33
The absolute deviation using weighted average = 11-12.8
=1.8
As can be observed, the deviation is lower when using the weighted average, hence it can be concluded that this technique is superior.
4)
Armstrong has to take a lot of other things into account when predicting sales.
Expert opinion: Expert opinions frequently carry weight and should be taken into consideration. Experts typically have strong insight into what the future demand will look like, thus considering their perspective is a crucial consideration.
Learn more about average forecast, here:
https://brainly.com/question/32767087
#SPJ4
Data for Warner Company are given in BE3.1. Supporting records show that (a) the Assembly Department used $24,000 of direct materials and $35,000 of direct labor, and (b) the Finishing Department used the remainder. Journalize the assignment of the costs to the processing departments on March 31 . Journalize the assignment of overhead costs.
The assignment of overhead to the Assembly Department and the Finishing Department is determined by calculating the budgeted overhead rate based on the budgeted cost driver figure. The total amount of overhead is allocated to the Assembly Department as it represents the entire budgeted cost driver amount for that department.
To calculate the amount of overhead assigned to each department, a budgeted overhead rate is determined based on the budgeted cost driver figure. In this case, the budgeted overhead amount is $106,640, and the budgeted direct labour cost, which serves as the cost driver, is $400,000.
The budgeted overhead rate is calculated by dividing the budgeted overhead by the budgeted cost driver figure:
Budgeted overhead rate = Budgeted overhead / Budgeted cost driver figure
Substituting the values:
Budgeted overhead rate = $106,640 / $400,000
Budgeted overhead rate ≈ 0.2666
Since the sum of direct labor and direct material expenses represents the budgeted cost driver amount for the Assembly Department, the entire amount of overhead is allocated to the Assembly Department.
Therefore, the Assembly Department is assigned the full amount of overhead, while the Finishing Department does not receive any overhead allocation based on the given information.
Know more about Labour:
brainly.com/question/24212631
#SPJ11
Find a news event/article that relates to the topic of this week, which is Human Resource Management (e.g., selection, training, compensation). Criteria for the news: From a reputable news source (print, internet, TV). Avoid blogs and personal websites. Related to Human Resource Management (e.g., selection, training, compensation) and explore a topic that interests you. Initial Post: Your first post must be a substantive post (250 words). It must include the following: Introduction: What is the title, source, and publication date of the news you found? do not summarize what you read or watched; rather choose specific ideas to explore/analyze, include questions you have, offer a critique or take a particular slant on a topic, and/or start with what you learned (i.e., theory/methods/research) and connect it to your practice/work; How does the news you found relate to this week’s topics? What connections can you draw between this week’s readings/lectures and the specific elements from the news? How, if at all, did the news help you understand a concept/idea from this week? What questions arose while you read? (Remember: This part of your post is not a summary; use your analytical skills
Title: "How Virtual Reality Is Making HR More Human"
Source: Forbes
Publication date: 23 February 2021
The news article "How Virtual Reality Is Making HR More Human" published in Forbes discusses the application of virtual reality in Human Resource Management. It highlights how virtual reality is revolutionizing HR practices and helping HR managers in enhancing their operations by providing an immersive experience to candidates during the selection process.
The article emphasizes how virtual reality can assist companies in overcoming the shortcomings of traditional recruitment methods. It helps companies to offer a unique and engaging experience to potential candidates, making them stand out from their competitors. By providing an immersive experience, companies can also assess the candidates better and gauge their skills more effectively. The virtual reality technology helps to evaluate the decision-making abilities of a candidate in real-life situations.
The article provides an insight into how virtual reality is not only enhancing the recruitment process but also training and development programs. It is proving to be a cost-effective solution for employee training by providing a safe and risk-free environment to practice real-life scenarios.
The article made me reflect on how technology is becoming an integral part of Human Resource Management. As we advance in the technological realm, it is essential to keep up with the latest trends and tools to improve HR practices.
In conclusion, the article "How Virtual Reality Is Making HR More Human" from Forbes is an insightful read that highlights the importance of technology in Human Resource Management.
To know more about Human visit :
https://brainly.com/question/11655619
#SPJ11
ACCOUNTING INFORMATION SYSTEM I
You are required to choose an e-commerce business that ventures in fashion industry. Analyse the infrastructure required to operate in the e-commerce business. Discuss the possible security issues and give recommendations to overcome them.
zalora (e-commerce business)
E-commerce businesses like Zalora in the fashion industry require a reliable infrastructure to provide effective online services. An Accounting Information System (AIS) offers the infrastructure needed to operate such a business.
An accounting information system (AIS) is an essential component of the e-commerce business infrastructure. AIS facilitates effective tracking of all financial transactions, including inventory, sales, payroll, taxes, and other accounting functions. An e-commerce business infrastructure must also have a website or an online marketplace that is easy to navigate, secure, and functional.
Security is critical in e-commerce businesses to protect both the customer and the business. The following are some possible security issues that e-commerce businesses face: Payment gateway fraud Cyberattacks on the website data breaches user identity theft Recommendations to overcome security issues in e-commerce businesses. E-commerce businesses should use payment gateways that are PCI DSS compliant to avoid fraud.
Learn more about e-commerce:
https://brainly.com/question/31468452
#SPJ11
Zalora is an e-commerce business that operates in the fashion industry. To operate the e-commerce business, several infrastructures are required, and the security issues of the business should also be considered.
The following are some of the infrastructures required to operate in the e-commerce business:Hardware infrastructure: The business requires computers, mobile devices, servers, and other equipment to run and manage the online store. The hardware infrastructure should be scalable, reliable, and secure.Software infrastructure: The e-commerce business requires software to manage the online store, inventory, and payment systems. The software infrastructure should be user-friendly, scalable, reliable, and secure.Network infrastructure: The business requires an internet connection and a network infrastructure to connect the devices and servers to the internet. The network infrastructure should be secure, reliable, and scalable .Security infrastructure: The business should have a security infrastructure that includes firewalls, antivirus software, and intrusion detection systems.
The security infrastructure should be able to detect and prevent unauthorized access, attacks, and other security threats to the system Security issues of e-commerce business: The e-commerce business faces several security issues, which include the following:Payment fraud: Payment fraud is one of the significant security issues that the e-commerce business faces. Hackers can steal payment information from the business and use it to make unauthorized purchases.DDoS attacks: The e-commerce business can be targeted by distributed denial of service attacks, which can cause the website to go offline. These attacks can be prevented by using security software that detects and blocks such attacks.
Phishing attacks: The business can be targeted by phishing attacks, where hackers send emails or messages pretending to be the business and ask customers to enter their login details. These attacks can be prevented by educating customers about phishing attacks and using security software that detects and blocks such attacks.Recommendations to overcome security issues: The following are some recommendations to overcome the security issues that the e-commerce business faces:Implement two-factor authentication: The business can implement two-factor authentication, where customers are required to enter a password and a code sent to their mobile phone to access their account.Use SSL encryption: The business should use SSL encryption to encrypt the data transmitted between the customer's browser and the server. This prevents hackers from stealing sensitive information.Use fraud detection software: The business should use fraud detection software to detect and prevent payment fraud. This software can detect unusual payment patterns and block suspicious transactions.Use security software:
The business should use security software that detects and blocks phishing attacks, DDoS attacks, and other security threats to the system. Conclusion:Zalora operates in the e-commerce business in the fashion industry. The business requires hardware, software, network, and security infrastructure to run the online store. The business faces several security issues, such as payment fraud, DDoS attacks, and phishing attacks. To overcome these security issues, the business should implement two-factor authentication, SSL encryption, fraud detection software, and security software.
To know more about Zalora visit
https://brainly.com/question/33221534
#SPJ11
On January 2, 2021, Shamrock Company purchased a patent for $44,800. The patent has an estimated useful life of 25 years and a 20- year legal life. What entry would the company make at December 31, 2021 to record amortization expense on the patent? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts) Account Titles and Explanation Debit Credit
On December 31, 2021, Shamrock Company would make this entry to record amortization expense on the patent: Debit: Amortization Expense - Patent $1,792 Credit: Accumulated Amortization - Patent $1,792
Amortization is the process of allocating the cost of an intangible asset (in this case, a patent) over its useful life. Since the patent has a useful life of 25 years, Shamrock Company needs to allocate the cost of the patent evenly over this period.
To calculate the annual amortization expense, the company divides the cost of the patent by its useful life: $44,800 / 25 = $1,792. This represents the portion of the patent's cost that is being consumed or used up in the current year.
The entry debits the Amortization Expense - Patent account, which is an expense account, and credits the Accumulated Amortization - Patent account, which is a contra-asset account. Accumulated Amortization tracks the total amortization expense incurred over the years, reducing the carrying value of the patent.
By recording this entry, Shamrock Company properly recognizes the annual expense associated with the patent and reduces the value of the patent on the balance sheet to reflect its decreasing value due to amortization.
Learn more about amortization here:
https://brainly.com/question/32732448
#SPJ11
Snappy Lube is a quick-change oil center with a single service bay. On average, Snappy Lube can change a car's oil in 10 minutes. Cars arrive, on average, every 15 minutes. Assume Poisson arrivals and Exponential service times. The average number of cars waiting is 2 cars The average number of cars in the system is 2 cars. The average time spent waiting is 20 minutes The average time spent in the system is 30 minutes. Answer all questions to 2 decimal places. Only enter numerical values.
Given information: The arrival rate (λ) = 1/15 = 0.067 cars per minute
The service rate (μ) = 1/10 = 0.1 cars per minute
Average number of cars waiting (Lq) = 2
Average number of cars in the system (L) = 2Average time spent waiting (Wq) = 20 minutes
Average time spent in the system (W) = 30 minutes
Using the formula for the average number of cars in the system, we have:L = λWSince[tex]L = 2, λ = 0.067[/tex], we can solve for W as:W [tex]= L/λW = 2/0.067W ≈ 29.85[/tex] minutes
Using the formula for the average number of cars waiting, we have:Lq = λ²Wq / μ(μ-λ)
Since Lq = 2, λ = 0.067, μ = 0.1, we can solve for Wq as:Wq =[tex]Lq(μ-λ) / λ²Wq = 2(0.1-0.067) / 0.067²Wq ≈ 19.54[/tex] minutesTherefore, the average number of cars waiting is 2 cars, and the average time spent waiting is 19.54 minutes.
To know more about
BOX 2.5 Case Highlight Limiting Imports of Hormone-Treated Beef Case Name and Tribunal European Communities-Measures Concerning Meat and Meat Products (Hormones) (WTO Appellate Body, 1998)17 Facts In response to concerns of EU citizens about the risks presented by beef injected with natural and synthetic growth hormones, the European Union imposed a ban on the import of such beef. The United States challenged the restriction under the SPS Agreement, claiming that the panel reviewing the issue evalu- ated the risk associated with the use of hormones for growth promotion twice and the only evidence on record showed that the studies looked at a "theoretical framework for the systemic analysis of such problems" but did not actually investigate and evaluate the problems that arise from the use of such hormones. Issue Did the EU's ban on hormone-treated beef comply with the re- quirements of the SPS Agreement? Decision A risk assessment, as required by Article 5.1, is "a scientific process aimed at establishing the scientific basis for the sani- tary measure a Member intends to take." The ban was found not to be based on a risk assessment that followed scientific principles and procedures and, therefore, was in violation of the SPS Agreement. Analysis/Application In order to rely on exceptions to the GATT under the Agree- ment on Technical Barriers to Trade (TBT Agreement), member states must rely on sound scientific principles and provide evi- dence of such. Aftermath The case raised difficult issues and required a consideration of the uncertainty presented by divisions of scientific opinion. The European Union was unwilling to remove its restrictions on the import of the hormone-treated beef, with the result that the WTO in 1999 authorized the United States and Canada to col- lect penalties of more than $100 million per year in extra duties on European exports. The European Union brought the issue back to the WTO, where unprecedented open hearings were held in 2005. The European Union argued that new scientific evidence showed that the European Union complied with the 1998 WTO judgment. The impasse between the United States and the European Union was settled by way of a negotiated agreement in 2012 in which the European Union kept its ban on importing hormone-treated beef but increased its quota for importing beef from Canada and the United States.
The case mentioned is the European Communities-Measures Concerning Meat and Meat Products (Hormones) case, which was brought before the WTO Appellate Body in 1998.
The case involved a dispute between the European Union (EU) and the United States regarding the EU's ban on the import of beef treated with growth hormones.
The EU had imposed the ban in response to concerns raised by its citizens regarding the potential risks associated with the consumption of beef injected with natural and synthetic growth hormones. The United States challenged the ban, arguing that the EU had not conducted a proper risk assessment as required under the Agreement on the Application of Sanitary and Phytosanitary Measures (SPS Agreement).
The Appellate Body, in its decision, determined that the EU's ban on hormone-treated beef did not comply with the requirements of the SPS Agreement. It stated that a risk assessment should be a scientific process aimed at establishing the scientific basis for the sanitary measure, and the EU's ban did not follow scientific principles and procedures.
The case highlighted the importance of relying on sound scientific principles and providing evidence when implementing trade measures that may restrict imports. Under the Agreement on Technical Barriers to Trade (TBT Agreement), exceptions to the General Agreement on Tariffs and Trade (GATT) require adherence to scientific principles.
The aftermath of the case resulted in tensions between the United States and the European Union, with the WTO authorizing the United States and Canada to impose extra duties on European exports. Subsequent efforts were made to resolve the dispute, and in 2012, a negotiated agreement was reached. The European Union maintained its ban on importing hormone-treated beef but increased its quota for importing beef from Canada and the United States.
Overall, the case showcased the challenges of balancing trade restrictions based on public health concerns and the need to ensure that such measures are supported by scientific evidence and comply with international trade agreements.
To know more about growth hormones. here
https://brainly.com/question/2485207
#SPJ11
Which of the following is true? A. Insider Trading is the illegal practice of trading on the stock market to one’s own advantage through having access to confidential information. B. Insider Trading is legal when the insiders of the company trade shares but at the same time report the trade to the Securities and Exchange Commission. C. Both are true. D. Neither are true.
The correct answer is A.
Insider Trading is the illegal practice of trading on the stock market to one’s own advantage through having access to confidential information. Monitoring odd trends in the trading behavior of specific people, such as executives or other insiders with access to proprietary information about a company, might help identify insider trading.
This can include sharp spikes in trading volume, odd trade timing, or big profits achieved soon after a key announcement or corporate development. Other warning signs could include unusual connections between insiders and outside traders, like regular communication or common financial interests.
In the end, uncovering insider trading necessitates a mix of tracking trade trends, performing exhaustive research, and remaining on the lookout for any indications of possible misconduct.
Learn more about Insider Trading:
brainly.com/question/12730084
#SPJ11
(A) How CVP (cost-volume-profit) analysis can help managers in decision making? (Answer in maximum 200 words).
(B) Southern Socks produces sports socks. The company has fixed expenses of $81,000 and variable expenses of $1.10 per package. Each package sells for $2.00. Requirements
a) Compute the contribution margin per package and the contribution margin ratio.
b) Find the breakeven point in units and in dollars.
c) Find the number of packages Southern Socks needs to sell to earn a $21,000 operating income.
For Southern Socks, the contribution margin per package is $0.90, the contribution margin ratio is 45%, the breakeven point is 90,000 units or $180,000, and to earn a $21,000 operating income, they need to sell 120,000 packages.
(A) Cost-volume-profit (CVP) analysis is a valuable tool that helps managers make informed decisions by providing insights into the relationships between costs, volume, prices, and profits. Here's how CVP analysis can assist managers in decision-making:
Determining breakeven point: CVP analysis allows managers to identify the level of sales needed to cover all costs and break even. This information is crucial for setting sales targets and pricing strategies.
Evaluating profitability: By analyzing the contribution margin, which is the difference between sales revenue and variable costs, managers can assess the profitability of different products, services, or business segments.
This helps in determining the most profitable areas to focus on or the least profitable areas that may need improvement or elimination.
Assessing pricing strategies: CVP analysis helps in understanding the impact of price changes on sales volume and profits. Managers can analyze different pricing scenarios to identify the optimal price that maximizes profitability.
Evaluating cost structure: CVP analysis provides insights into fixed costs, variable costs, and their relationship to sales volume. Managers can identify cost-saving opportunities, such as reducing variable costs or renegotiating supplier contracts, to improve profitability.
Decision-making under constraints: CVP analysis helps in evaluating the financial impact of various decisions, such as introducing new products, expanding production capacity, or entering new markets.
By considering the volume, costs, and prices associated with these decisions, managers can make informed choices that align with the company's financial goals.
In summary, CVP analysis enables managers to understand the financial implications of their decisions, optimize pricing strategies, evaluate profitability, and identify areas for cost improvement. By leveraging this tool, managers can make informed decisions that enhance profitability and drive the company's overall success.
(B)
a) The contribution margin per package is calculated by subtracting the variable expenses from the selling price per package:
Contribution Margin per Package = Selling Price per Package - Variable Expenses per Package
= $2.00 - $1.10
= $0.90
The contribution margin ratio is calculated by dividing the contribution margin per package by the selling price per package and multiplying by 100 to express it as a percentage:
Contribution Margin Ratio = (Contribution Margin per Package / Selling Price per Package) * 100
= ($0.90 / $2.00) * 100
= 45%
b) The breakeven point in units can be calculated by dividing the fixed expenses by the contribution margin per package:
Breakeven Point (in units) = Fixed Expenses / Contribution Margin per Package
= $81,000 / $0.90
= 90,000 units
The breakeven point in dollars can be calculated by multiplying the breakeven point in units by the selling price per package:
Breakeven Point (in dollars) = Breakeven Point (in units) * Selling Price per Package
= 90,000 units * $2.00
= $180,000
c) To find the number of packages Southern Socks needs to sell to earn a $21,000 operating income, we can use the following formula:
Number of Packages = (Fixed Expenses + Operating Income) / Contribution Margin per Package
= ($81,000 + $21,000) / $0.90
= 120,000 packages
To learn more about the contribution margin ratio
https://brainly.com/question/30459935
#SPJ11
Required information [The following information applies to the questions displayed below] The following selected transactions occurred for Corner Corporation: February 1 Purchased 420 shares of the company's own common stock at $22 cash per share; the stock is now held in treasury. July 15 Issued 110 of the shares purchased on February 1 for $32 cash per share. September 1 Issued 70 more of the shares purchased on February 1 for $17 cash per share.
Corner Corporation purchased 420 shares of its own common stock at $22 per share on February 1 and held them in treasury. On July 15, 110 shares were issued and sold at $32 per share, followed by the issuance and sale of 70 shares on September 1 at $17 per share.
Corner Corporation engaged in several transactions related to its own common stock. On February 1, the company purchased 420 shares of its own common stock at $22 per share, using $9,240 in cash.
These shares were then held in treasury, which refers to the company's own stock that it has reacquired but not canceled.
On July 15, Corner Corporation issued 110 of the shares it had purchased on February 1. These shares were sold to external investors at a price of $32 per share, resulting in a cash inflow of $3,520. As a result, the company reduced its treasury stock by 110 shares.
Subsequently, on September 1, the company issued an additional 70 shares from the remaining shares it had purchased on February 1. These shares were sold at a price of $17 per share, generating $1,190 in cash. This transaction further reduced the balance of treasury stock by 70 shares.
To learn more about common stock
https://brainly.com/question/25765493
#SPJ11
Government policy requiring that all individuals have heaith iruarance, l.e. an individual mandate, is an atfempt for government X policy to address which problem in the health insurance market? Selected Answer: Irrational consumer behavior
Government policy that requires that all individuals have health insurance, i.e. an individual mandate, is an attempt for government intervention policy to address. The Affordable Care Act (ACA) included an individual mandate, which requires all citizens to obtain health insurance coverage or pay a penalty.
This requirement was implemented to address the issue of irrational consumer behavior in the health insurance market. A large number of people, particularly young and healthy individuals, opt-out of insurance coverage because they don't believe they will require medical care in the future, which results in a higher proportion of sick people in the pool and therefore, higher premiums for all.Health insurance policies, like other financial instruments, are risk-based and require that everyone in the pool pays a premium in proportion to their risk level. The existence of healthy individuals in the pool ensures that everyone pays less, but when these individuals opt-out of the coverage, the sick end up bearing the brunt of the cost, resulting in higher premiums and lower health insurance coverage.
Therefore, government intervention in the form of an individual mandate is essential to making the health insurance market work.
To know more about Affordable Care Act visit:
https://brainly.com/question/29398295
#SPJ11
Question - Two fair dice are rolled.
- Calculate the probability that two sixes will appear?
- Calculate the probability of at least one six appearing?
The probability of at least one six appearing is 11/36 or 0.3056.
Given that two fair dice are rolled, we are to find the probability that: Two sixes will appear.
At least one six appearing.
To solve the above probability questions, we can use the following formulas:
Probability of rolling a specific number on a dice = 1/6
Probability of rolling any of the six numbers on a dice = 6/6 = 1
Probability of two independent events occurring is calculated by multiplying their individual probabilities together.
The probability of rolling a six on a dice is 1/6.
There are two dice being rolled and both dice need to show 6.
Therefore, the probability of rolling two sixes is: (1/6) x (1/6) = 1/36 or 0.0278
The probability of rolling at least one six on two dice can be calculated using the following formula:
P(at least one six) = 1 - P(no sixes)
To calculate P(no sixes), we need to find the probability of not getting a six on either die and multiply those probabilities together.
P(no sixes) = (5/6) x (5/6) = 25/36
P(at least one six) = 1 - P(no sixes) = 1 - 25/36 = 11/36 or 0.3056
Therefore, the probability of at least one six appearing is 11/36 or 0.3056.
To learn more about probability, visit:
https://brainly.com/question/31828911
#SPJ11
If a country's CPI 70 years ago was 100 and was 200 today, what is the average annual rate of inflation in this country? 1 % 2 % 3 % 4 %
To calculate the average annual rate of inflation, we need to use the formula:
Average annual rate of inflation = ((Current CPI / Base CPI)^(1/n) - 1) * 100
Where:
- Current CPI is the CPI at the end of the period (200 in this case)
- Base CPI is the CPI at the beginning of the period (100 in this case)
- n is the number of years in the period (70 in this case)
Using the given information, we can plug in the values into the formula:
((200 / 100)^(1/70) - 1) * 100
Simplifying the expression:
((2)^(1/70) - 1) * 100
Calculating the value:
((1.020201340043008) - 1) * 100
(0.020201340043008) * 100
2.0201340043008
Rounding to the nearest whole number, the average annual rate of inflation in this country is approximately 2%. Therefore, the correct answer is 2%.
#SPJ11
Learn more about Inflation at https://brainly.com/question/8149429
W\&S Partners has just won the January 31, 2023, audit for W\&S Partners use the following percentages as starting Cloud 9. The audit team assigned to this client is: points for the various benchmarks: - Partner, Jo Wadley - Audit manager, Sharon Gallagher - Audit senior, Josh Thomas - IT audit manager, Mark Batten - Experienced staff, Suzie Pickering - First-year staff, Ian Harper These starting points can be increased or decreased by taking used to calculate materiality. the auditors should consider the sented for Cloud 9 in the appendix to this text and in the current key drivers of the business. They should ask, "What are the end chapter and previous chapters. users (that is, stockholders, banks, etc.) of the accounts going a. Using the October 31,2022 , trial balance (in the appendix to this text), calculate planning materiality and include the justification for the benchmark that you have used for your to be looking at?" For example, will stockholders be interested in profit figures that can be used to pay dividends and increase calculation. W\&S Partners' audit methodology dictates that one plan- b. Discuss how the planning materiality would be used to deterning materiality (PM) amount is to be used for the financial mine performance materiality. statements as a whole. The benchmark selected for determin- c. If the planning materiality amount is subsequently increased or ing materiality is the one determined to be the key driver of the decreased later in the audit, how would that impact the audit?
a)To calculate planning materiality using the October 31, 2022, trial balance, the benchmark that would be used would be total assets, which is determined to be the key driver of the business.
Planning materiality is calculated by multiplying the benchmark by the appropriate percentage. Here, a percentage of 5% will be used since it is a private company with no public interest.
Therefore, PM = Total assets x Appropriate percentage
PM = $49, 861,000 x 5% = $2,493,050
b) Performance materiality can be determined by using a percentage of planning materiality. W&S Partners' audit methodology indicates a percentage of 75% to be used for private companies with no public interest.
Therefore, PM = $2,493,050
Performance Materiality = 75% of PM = 0.75 x $2,493,050 = $1,869,787.5
c) If the planning materiality amount is increased or decreased later in the audit, it will result in a corresponding increase or decrease in the performance materiality amount. The tolerable misstatement is usually set at performance materiality, so it would also be affected. If planning materiality is increased, the auditor may decide to increase the tolerable misstatement so that the level of risk is not increased, or they may decide to decrease the assessed risks. If planning materiality is decreased, the auditor may decide to reduce the tolerable misstatement or leave it unchanged.
To know more about Materiality visit : brainly.com/question/28285354
#SPJ11
On January 1, 2022, ABC Co. acquired a machine by issuing a Note of $400,000 to be paid in 3 years. The Note requires an interest payment of 5% [$20,000) of the note principal at the end of each of the next three years. The cash market price of the machine is unknown. A reasonable rate of interest on similar notes is 10%. Prepare a journal entry for the following dates: a) January 1, 2022 b) December 31, 2022 c) December 31, 2023
ABC Co. acquired a machine by issuing a Note of $400,000 to be paid in 3 years.
The Note requires an interest payment of 5% [$20,000) of the note principal at the end of each of the next three years. The cash market price of the machine is unknown. A reasonable rate of interest on similar notes is 10%.Journal entries: a) January 1, 2022ABC Co. acquired a machine; hence the machine account will be debited, and the note payable account will be credited. The journal entry will be: DateAccount Title/DescriptionDebitCreditJan 1, 2022Machinery$400,000Note payable$400,000 b) December 31, 2022At the end of December 31, 2022, ABC Co. will make an interest payment of $20,000 to the noteholders.
Therefore, the interest payable account will be debited, and the cash account will be credited. The journal entry will be: Date Account Title/Description Debit Credit Dec 31, 2022Interest Payable$20,000Cash$20,000 c) December 31, 2023The interest payable account will be debited again for the interest payment, and the note payable account will be credited for the amount of the principal paid.
The journal entry will be: Date Account Title/Description Debit Credit Dec 31, 2023Interest Payable$20,000Note payable$380,000Cash$20,000I have written the journal entries above, and the word count is 223.
To know more about requires visit:
https://brainly.com/question/2929431
#SPJ11
Boldklub Ltd pays $99 million to acquire Nomme Pty Ltd. At the date of acquisition, the directors of Boldklub Ltd determined Nomme Pty Ltd's net assets had a fair value of $75 million. State, in $ millions, the goodwill that Boldklub Ltd would recognise from this event.
Boldklub Ltd would recognise $24 million of goodwill from the acquisition of Nomme Pty Ltd.
Goodwill is the amount of excess of the purchase price paid for an acquired business over the fair value of the net assets at the date of acquisition.
Boldklub Ltd acquired Nomme Pty Ltd for $99 million and the fair value of Nomme Pty Ltd's net assets at the date of acquisition was $75 million.
Therefore, the goodwill that Boldklub Ltd would recognise from this event can be calculated as follows:
Goodwill = Purchase price - Fair value of net assets
Goodwill = $99 million - $75 million
= $24 million
Therefore, Boldklub Ltd would recognise $24 million of goodwill from the acquisition of Nomme Pty Ltd.
Let's discuss briefly about Goodwill
Goodwill is an intangible asset that represents the excess of the purchase price paid for an acquired business over the fair value of the net assets at the date of acquisition.
It is created when an acquiring company purchases an existing business and the price paid is greater than the fair value of the net assets of the business. Goodwill is considered an intangible asset because it represents the value of the business as a whole, including factors such as customer loyalty, reputation, and intellectual property, that are not reflected in the value of the individual net assets.
Know more about the Goodwill
https://brainly.com/question/30637745
#SPJ11
the statment of retained earnings is used to report:
a) accumalated net profits not paid out in dividends
b) accumalated dividends paid out to shareholders
c) beginning and wnding revenues for the period
d) beginning and ending cash balances
an account starting with a nhmber 1 would indicate:
a) an asset
b) a liability
c) a revenue
d) stockholders equity
The statement of retained earnings is a financial statement that reports the changes in retained earnings during a specific period. It demonstrates the accumulated net profits that have not been distributed as dividends. This statement is crucial in providing information about how a company's earnings have been retained and reinvested back into the business over time.
The statement of retained earnings is prepared to show the movement in a company's retained earnings balance. It starts with the beginning balance of retained earnings and incorporates adjustments for net income or loss, dividends paid, and any other relevant transactions affecting the retained earnings account. The resulting ending balance represents the accumulated net profits that have not been distributed to shareholders as dividends.
The statement of retained earnings is useful for several purposes. Firstly, it helps shareholders and investors understand how a company has utilized its earnings, providing insights into its profitability and growth strategies. By analyzing changes in retained earnings over time, stakeholders can assess whether the company has consistently generated profits and retained them within the business or paid them out to shareholders as dividends.
Additionally, the statement of retained earnings can be used to calculate the dividends that a corporation will pay out to its shareholders. By comparing the retained earnings balance at the beginning and end of a period and considering any dividend policy or requirements, a company can determine the amount available for distribution as dividends. This information is crucial for shareholders as it helps them estimate the potential returns on their investments.
In conclusion, the statement of retained earnings is a financial statement that shows the changes in a company's retained earnings, reflecting the accumulated net profits that have not been distributed as dividends. It provides valuable insights into the company's profitability, growth, and dividend distribution potential.
Know more about retained earnings:
brainly.com/question/14529006
#SPJ11
Swifty Corporation has a December 31 year end. On January 1, 2022, the company had the following shareholder’s equity accounts:
Preferred Shares, $2 non-cumulative, unlimited number authorized, 7,500 issued $1,912,500
Common Shares, unlimited number authorized, 225,000 issued 3,600,000
Retained Earnings 3,045,000
Swifty had the following transactions during 2022:
Feb 28 - Issued 1,000 Preferred shares at $110 per share.
Apr 3 - Reacquired 9,000 Common Shares at $14 a share.
Prepare the appropriate journal entries for the transactions during 2022.(Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)
The appropriate journal entries for the transactions during 2022 for Swifty Corporation are as follows: On February 28: Debit: Cash $110,000, Credit: Preferred Shares $100,000, Credit: Additional Paid-in Capital-Preferred $10,000.
To prepare the appropriate journal entries for the transactions during 2022 for Swifty Corporation, we need to record the following events:
On February 28, Swifty issued 1,000 Preferred shares at $110 per share.
Journal entry:
Date Account Debit Credit
Feb 28 Cash $110,000
Feb 28 Preferred Shares $100,000
Feb 28 Additional Paid-in Capital-Preferred $10,000
The company receives cash of $110,000 from the issuance of 1,000 Preferred shares at $110 per share. The Preferred Shares account is credited for the par value of the shares, which is $100,000 (1,000 shares × $100 per share).
The excess amount received above the par value is recorded as Additional Paid-in Capital-Preferred, which is $10,000 ($110,000 - $100,000).
On April 3, Swifty reacquired 9,000 Common Shares at $14 per share.
Journal entry:
Date Account Debit Credit
Apr 3 Treasury Stock-Common $126,000
Apr 3 Cash $126,000
The company reacquires 9,000 Common Shares at $14 per share, resulting in a total cost of $126,000 (9,000 shares × $14 per share). The Treasury Stock-Common account is debited for the cost of the repurchased shares, and the Cash account is credited for the same amount.
To learn more about journal entries
https://brainly.com/question/28390337
#SPJ11
Ignore VAT Worldwood Furniture, a company based in Salt River, buys and sells high quality furniture. The company consistently applies a mark-up on cost of 60%. The business's financial year ended on 31 March 2019. On 3 March 2019 Worldwood sent furniture, with a sales value of R65 000, on consignment to Furniture Warehouse. The agreement states that a 25% commission is payable by Worldwood, which is paid in the month following the month of sale. During March 2019 Furniture Warehouse sold R20 000 of the consignment furniture, all for cash. On 25 March 2019, a customer in Durban ordered furniture (FOB shipping point) from Worldwood. Worldwood's cost of this furniture is R9 375. The furniture was loaded onto Worldwood's delivery van at 8:00am on 31 March 2019 and arrived at Cape Town Station at 8:30am on 1 April 2019. The furniture arrived at Durban station on 3 April 2019 . The cost of the rail transport amounted to R3 200 and was paid by Worldwood on 27 March 2019. This furniture had not been included in Worldwood's inventory count on 31 March 2019. An inventory count, at the premises of Worldwood Furniture, on 31 March 2019 established that inventory on hand amounted to R113 000. You are required to: a) Prepare the general journal entry/ies recorded by Furniture Warehouse for the sale of the consignment inventory during March 2019. Ignore dates and narrations. b) Prepare the general journal entry/ies recorded by Worldwood Furniture for the sale of the furniture to the customer in Durban. Ignore narrations. c) Discuss whether Worldwood Furniture will recognise the unsold consignment furniture at the premises of Furniture Warehouse as an asset as at 31 March 2019 . Your answer should be supported by the asset definition and recognition criteria as outlined in the Conceptual Framework. d) Calculate the amount at which inventory will be reported in the statement of financial position of Worldwood Furniture as at 31 March 2019.
a) Furniture Warehouse:
Cash $20,000, Commission Payable $5,000, Inventory $15,000.
b) Worldwood Furniture:
Accounts Receivable $9,375, Sales Revenue $9,375, Cost of Goods Sold $6,000, Inventory $6,000.
c) Unsold consignment furniture cannot be recognized as an asset until it is sold.
d) Inventory reported as of 31 March 2019: $107,000.
a) The general journal entry recorded by Furniture Warehouse for the sale of the consignment inventory during March 2019 would be:
Cash (Revenue) 20,000
Commission Payable (Expense) 5,000
Inventory (Asset) 15,000
b) The general journal entry recorded by Worldwood Furniture for the sale of the furniture to the customer in Durban would be:
Accounts Receivable (Asset) 9,375
Sales Revenue (Revenue) 9,375
Cost of Goods Sold (Expense) 6,000
Inventory (Asset) 6,000
c) According to the Conceptual Framework, an asset is a resource controlled by an entity as a result of past events, from which future economic benefits are expected to flow to the entity. To recognize the unsold consignment furniture as an asset, Worldwood Furniture must have control over the furniture and expect economic benefits from its sale.
In this case, the furniture is sent on consignment to Furniture Warehouse, which means Worldwood still retains ownership and control over the furniture. However, since the furniture has not been sold by the end of the financial year (31 March 2019), it is not considered a sale and Worldwood cannot recognize the unsold consignment furniture as an asset in their own financial statements. It remains as part of their inventory until it is sold.
d) The amount at which inventory will be reported in the statement of financial position of Worldwood Furniture as at 31 March 2019 would be the inventory on hand after deducting the cost of goods sold.
Inventory reported = Inventory on hand - Cost of goods sold
Inventory reported = R113,000 - R6,000 (cost of goods sold to Durban customer)
Inventory reported = R107,000
learn more about "Sales ":- https://brainly.com/question/25743891
#SPJ11
What alternative marketing strategies might Apple have followed?
Apple is a multinational tech company that is widely renowned for its premium quality products and innovative marketing strategies. However, despite its widespread success, there are a few alternative marketing strategies that Apple might have followed. Here are some of the alternative marketing strategies that Apple might have followed:
Offer more product customization: Another alternative marketing strategy that Apple might have followed is to offer more product customization options. By offering more customization options, customers would have more control over the product they purchased, which could have increased customer satisfaction.
Collaborate with other brands: Apple could have collaborated with other brands to cross-promote their products. For instance, it could have partnered with a popular fashion brand to create a limited-edition product line that would appeal to the fashion-conscious consumer.
In conclusion, these are some of the alternative marketing strategies that Apple might have followed. However, despite these alternative strategies, Apple has been immensely successful, and its marketing strategies have been a key factor in its success.
To know more about widespread visit:
https://brainly.com/question/28140571
#SPJ11
Juan Carlos and Roberta Rodriguez have four dependent children, ages 1,4,7, and 11 . Juan Carlos's salary was $16,200, Roberta's wages totaled $21,400. The couple had no other income or above-the-line deductions this year. The Rodriguez's paid $3,600 for day care and after-school child care. Assume the taxable year is 2022. Required: a. Compute the Rodriguez's child credit. b. Compute the Rodriguez's dependent care credit. c. Recompute the Rodriguez's child and dependent care credits if Roberta's salary was $200,000, Juan Carlos's wages totaled $232,000, and the couple earned $5,700 taxable interest income. Complete this question by entering your answers in the tabs below. Recompute the Rodriguez's child and dependent care credits if Roberta's salary was $200,000, Juan Carlos's wages totaled $232,000, and the couple earned $5,700 taxable interest income.
Dependent Care Credit = $720.To compute the Rodriguez's child and dependent care credits, we need to consider the applicable tax rules and limits for the taxable year 2022.
Let's calculate the credits based on the given information for both scenarios: a. Current Situation: Juan Carlos's salary: $16,200; Roberta's wages: $21,400; Number of dependent children: 4; Child care expenses: $3,600. Child Credit: The child credit for 2022 is $2,000 per qualifying child. Since the Rodriguezs have four dependent children, the total child credit would be: Child Credit = Number of Children x Child Credit Amount; Child Credit = 4 x $2,000; Child Credit = $8,000. b. Dependent Care Credit: The dependent care credit is calculated based on a percentage of the child care expenses, with a maximum limit. The percentage and limit depend on the taxpayer's adjusted gross income (AGI). For the current situation, we are not provided with the couple's AGI. Therefore, we cannot calculate the exact dependent care credit. However, the maximum child care expenses eligible for the credit are $3,000 for one child and $6,000 for two or more children. So, if we assume the Rodriguezs' AGI allows them to claim the maximum credit, the dependent care credit would be calculated as follows :Dependent Care Credit = Child Care Expenses x Percentage; Dependent Care Credit = $3,600 x Percentage. c. Updated Situation: Juan Carlos's wages: $232,000; Roberta's salary: $200,000; Taxable interest income: $5,700; Number of dependent children: 4.
Child care expenses: $3,600. Child Credit: The child credit remains the same, regardless of the couple's income. Child Credit = 4 x $2,000; Child Credit = $8,000. b. Dependent Care Credit: To calculate the dependent care credit, we need to consider the applicable percentage based on the couple's AGI. The percentage ranges from 20% to 35% of the child care expenses. Since we are not provided with the exact AGI, we cannot calculate the precise dependent care credit. However, assuming their AGI falls within a range that allows them to claim a 20% credit, we can calculate it as follows: Dependent Care Credit = Child Care Expenses x Percentage; Dependent Care Credit = $3,600 x 20%; Dependent Care Credit = $720. Please note that the actual dependent care credit amount may vary based on the couple's AGI and other factors. It's recommended to consult the tax regulations or a tax professional for accurate calculations based on specific circumstances.
To learn more about dependent care credits click here: brainly.com/question/32380171
#SPJ11
Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic inventory system. Date Transactions March 1 Beginning inventory March 5 Sale ($260 each) March 9 Purchase March 17 Sale ($310 each) March 22 Purchase March 27 Sale ($335 each) March 30 Purchase Units 20 15 10 8 10 12 7 Unit Cost $ 180 200 210 230 Total Cost $3,600 2,000 2,100 1,610 $9,310 For the specific identification method, the March 5 sale consists of bikes from beginning inventory, the March 17 sale consists of bikes from the March 9 purchase, and the March 27 sale consists of four bikes from beginning inventory and eight bikes from the March 22 purchase. Required: 1. Calculate ending inventory and cost of goods sold at March 31, using the specific identification method. Ending inventory Cost of goods sold 2. Using FIFO, calculate ending inventory and cost of goods sold at March 31. Ending inventory Cost of goods sold 3. Using LIFO, calculate ending inventory and cost of goods sold at March 31. Ending inventory Cost of goods sold 4. Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31. (Round your intermediate and final answers to 2 decimal places.) Ending inventory Cost of goods sold 5. Calculate sales revenue and gross profit under each of the four methods. (Round weighted-average cost amounts to 2 decimal places.) Sales revenue Cost of goods sold Gross profit Specific Identification FIFO LIFO Weighted- average cost
1) Specific Identification Method: Total cost of goods sold= $4,360
2) FIFO (First-In-First-Out) Method: Total cost of goods sold= $4,330
3) LIFO (Last-In-First-Out) Method: Total cost of goods sold= $4,360
4) Weighted-Average Cost Method: Total cost of goods sold= $6,517.06
5) Sales Revenue and Gross Profit: Gross Profit= $3,142.94
1. Specific Identification Method:
Ending Inventory: Since we are specifically identifying the units sold, the ending inventory consists of the remaining unsold units.
- From beginning inventory: 16 units (20 - 4)
- From March 22 purchase: 2 units (10 - 8)
Total ending inventory = 16 units + 2 units = 18 units
- Cost of Goods Sold: We can calculate the cost of goods sold by adding up the costs of the units sold.
- March 5 sale: 4 units sold at $180 each = $720
- March 17 sale: 8 units sold at $200 each = $1,600
- March 27 sale: 8 units sold at $180 each (from beginning inventory) + 4 units sold at $210 each (from March 22 purchase) = $2,040
Total cost of goods sold = $720 + $1,600 + $2,040 = $4,360
2. FIFO (First-In-First-Out) Method:
- Ending Inventory: The ending inventory consists of the most recently purchased units.
- From March 27 purchase: 7 units
- Cost of Goods Sold: We assume the units sold are from the earliest purchases.
- March 5 sale: 4 units sold at $180 each = $720
- March 17 sale: 8 units sold at $200 each = $1,600
- March 27 sale: 3 units sold at $210 each (from March 22 purchase) + 7 units sold at $180 each (from March 27 purchase) = $2,010
Total cost of goods sold = $720 + $1,600 + $2,010 = $4,330
3. LIFO (Last-In-First-Out) Method:
- Ending Inventory: The ending inventory consists of the earliest purchased units.
- From beginning inventory: 12 units
- From March 9 purchase: 10 units
- Cost of Goods Sold: We assume the units sold are from the most recent purchases.
- March 5 sale: 4 units sold at $230 each (from beginning inventory) = $920
- March 17 sale: 8 units sold at $200 each (from March 9 purchase) = $1,600
- March 27 sale: 8 units sold at $210 each (from March 22 purchase) + 2 units sold at $230 each (from beginning inventory) = $1,840
Total cost of goods sold = $920 + $1,600 + $1,840 = $4,360
4. Weighted-Average Cost Method:
- Ending Inventory: We calculate the weighted-average cost per unit and apply it to the remaining units.
- Weighted-average cost per unit = Total cost / Total units = $9,310 / 60 = $155.17 (rounded to 2 decimal places)
- Remaining units: 18 units
Total ending inventory = $155.17 * 18 units = $2,792.94 (rounded to 2 decimal places)
- Cost of Goods Sold: We calculate the total cost of goods sold based on the weighted-average cost per unit.
Total cost of goods sold = Total cost - Ending inventory = $9,310 - $2,792.94 = $6,517.06 (rounded to 2 decimal places)
5. Sales Revenue and Gross Profit:
- Specific Identification Method:
- Sales Revenue: 4 units * $260 (March 5 sale) + 8 units * $310 (March 17 sale) + 12 units * $335 (March 27 sale) = $9,660
- Gross Profit: Sales Revenue - Cost of Goods Sold = $9,660 - $4,360 = $5,300
- FIFO Method:
- Sales Revenue: $9,660
- Gross Profit: $9,660 - $4,330 = $5,330
- LIFO Method:
- Sales Revenue: $9,660
- Gross Profit: $9,660 - $4,360 = $5,300
- Weighted-Average Cost Method:
- Sales Revenue: $9,660
- Gross Profit: $9,660 - $6,517.06 = $3,142.94 (rounded to 2 decimal places)
Learn more about Gross Profit here:
https://brainly.com/question/29064762
#SPJ4
Cabi is a women's fashion clothing brand based in Los Angeles, California. Cabi's design team in Los Angeles creates its fashion line sixteen months to two years in advance. The design team selects fabrics and other details to create the clothes. Cabi then hires manufacturers in China to produce the items according to the specifications. Once completed, the garments are shipped to California on container ships that take up to two months in transit. It's a complex process but one that enables Cabi to control costs. Which method is Cabi using to engage in global marketing? a. Joint venture b. Contract manufacturing c. Licensing d. Franchisin
The method Cabi is using to engage in global marketing is called- B. contract manufacturing.
What is it?Contract manufacturing is a process whereby one company provides raw materials or components to another company for the production of finished goods. Cabi selects manufacturers in China to produce the clothing line according to the specifications provided by the design team in Los Angeles, California. It is cost-effective for Cabi to use contract manufacturing because the production costs are low due to low labor costs in China and also because Cabi can focus on designing and marketing the clothes.Cabi is able to control the manufacturing process, maintain quality control, and keep costs low while leveraging its expertise in design and marketing.The manufacturer, on the other hand, gains a stable source of income and access to new markets.
Hence, option b. is correct.
To know more on Contract manufacturing visit:
https://brainly.com/question/8438974
#SPJ11
Company A prepares monthly financial statements. On its balance sheet as of December 31, 2021. Company A reported that Wages Payable had a balance of $855. During January 2022, the following events occurred:
• January 11th,2022: Paid wages of $5,240 to employees. $855 of
these wages paid were for work done in December 2021.
• January 25th, 2022: Paid wages of $16,871 to employees for work
completed January 12th – January 25th, 2022.
Assume accrued wages at the end of January 2022 were $1,055. What is the amount of total Wage Expense that Company A should record on its income statement for the month ended 1/31/2022?
a. $16,871 b. $21,256 c. $22,111 d. $22,311 e. $23,166
The answer is $22,311
Wages payable...............................$855
Wages expense...........................$4,385
Cash.................................................................$5,240
Wages Expense...........................$16,871
Cash................................................................$16,871
Wages Expense...........................$1,055
Wages Payable.........................................$1,055
I am confused about the part where Wages payable of $855 and wages expense of $4,385 are debited and cash of $5240 is credited. How are wages payable debited when it has a normal credit balance?
The Wages Payable account is debited with a balance of $4,385. The Wages Payable account will increase as a result of the accrued wages at the end of January 2022.
This balance should be credited when paid later, reducing the balance in the account. When employees work but have not yet been paid, Wages Payable is used to record this. Hence, it is a liability account that has a credit balance. The credit entry will be posted to the Cash account for $5,240, while the debit entry will be posted to the Wages Expense account for $4,385. The difference between the two is the quantity paid for work performed in December but not paid until January, which is $855.
This means that the balance in the Wages Payable account has been paid in full, and no further payments are required. On the other hand, when employees are paid for their work in January, the Wages Expense account is debited, and the Cash account is credited. The Wages Expense account is debited for $16,871, and the Cash account is credited for the same amount. Finally, Wages Payable is debited for $1,055 and credited for the same amount when accrued wages for January are paid at a later date. Thus, the amount of total Wage Expense that Company A should record on its income statement for the month ended 1/31/2022 is $22,311.
To learn more about account, visit:
https://brainly.com/question/29608710
#SPJ11
Mickley Company's plantwide predetermined overhead rate is $21.00 per direct labor-hour and its direct labor wage rate is $16.00 per hour. The following information pertains to Job A−500 : Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 50 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.)
1. Total manufacturing cost assigned to Job A-500The formula for total manufacturing cost assigned to a job is given as follows:Total manufacturing cost assigned to a job = Direct materials cost + Direct labor cost + Applied overhead cost
Direct materials cost: This is the cost of materials that are used directly in the production of the job. From the question, there is no information on the direct material cost of Job A-500.2. Direct labor cost: This is the cost of labor that is used directly in the production of the job. The direct labor cost of Job A-500 can be calculated as follows: Direct labor cost of Job A-500 = Direct labor hours × Direct labor wage rate
Direct labor hours = 24 hours (given) Direct labor wage rate = $16 per hour (given)Therefore, Direct labor cost of Job A-500 = 24 hours × $16 per hour = $3843. Applied overhead cost: This is the overhead that is applied to the job using the predetermined overhead rate. The predetermined overhead rate is $21 per direct labor hour.
The direct labor hours for Job A-500 is 24 hours. Hence, the applied overhead cost of Job A-500 is Applied overhead cost of Job A-500 = Direct labor hours × Predetermined overhead rate = 24 hours × $21 per direct labor hour = $504.Thus, the Total manufacturing cost assigned to Job A-500 = Direct materials cost + Direct labor cost + Applied overhead cost. Total manufacturing cost assigned to Job A-500 = $0 + $384 + $504 = $8882. Unit product cost of Job A-500. The unit product cost of Job A-500 can be calculated by dividing the total manufacturing cost assigned to Job A-500 by the number of units produced.The number of units produced is 50. Therefore, the unit product cost of Job A-500 is: Unit product cost of Job A-500 = Total manufacturing cost assigned to Job A-500/Number of units produced unit product cost of Job A-500 = $888/50 = $17.76 (rounded to two decimal places).
Therefore, the unit product cost for Job A-500 is $17.76.
To learn more about manufacturing cost, visit here
https://brainly.com/question/21306513
#SPJ11
Please read the short case study below, and answer Questions C4
Trans Move is a company providing logistical services for businesses to manage the supply chain. The services they provide include warehouse management, order fulfilment, distribution and shipping orders, and thus cover inbound flow, outbound flow, and return management. On top of transportation of freight, Trans Move also manages the distribution of freight for some clients. In some cases, Trans Move stores and manages a client's products in Trans Move's warehouses and decides when to ship the orders, as long as the order fulfilment meets the client's requirements.
Question C4
One client of Trans Move is a local supermarket, for which Trans Move provides freight transportation and delivery services, and one thing to negotiate in this relationship is the freight rate. In the class, we have discussed seven economic drivers that influence transportation rate. They include:
(1) Distance;
(2) Weight;
(3) Density;
(4) Stowability;
(5) Handling:
(6) Liability;
(7) Market condition.
From the above list, select two factors and discuss how each of them could impact determination of freight rate for Trans Move. At least one factor should be selected from (4) - (7).
From the list of the seven economic drivers that influence transportation rate, two factors that could impact the determination of the freight rate for Trans Move are:Stowability.
Stowability, which is the ease of loading and unloading the freight, could impact the determination of the freight rate for Trans Move. A product that requires extra space in the truck could be charged a higher rate as it would require more space compared to other products that are easily stowed.
Liability, which is the responsibility of the carrier for any damages to the freight, could also impact the determination of the freight rate for Trans Move. Therefore, liability is another economic driver that could impact the determination of freight rate for Trans Move.
To know more about influence visit:
https://brainly.com/question/29023957
#SPJ11
Iguana Incorporated paid a dividend of $1.60 this year. The dividend is then expected to grow by 16% a year for 3 years; it will be 5% per year after that. The required rate of return is 11%. The value of a share of Iguana Incorporated's stock is closest to:
Without the exact values for the dividends and the terminal value, it is not possible to provide a specific one-line answer for the value of a share of Iguana Incorporated's stock.
To calculate the value of a share of Iguana Incorporated's stock, we can use the dividend discount model (DDM) approach. The DDM values a stock based on the present value of its future dividends.
First, let's calculate the expected dividends for the first three years:
Year 1 dividend = $1.60
Year 2 dividend = $1.60 * (1 + 16%) = $1.86
Year 3 dividend = $1.86 * (1 + 16%) = $2.16
After year 3, the dividends are expected to grow at a rate of 5% per year. We can use the Gordon growth model to calculate the terminal value of the stock beyond year 3:
Terminal value = Year 3 dividend * (1 + growth rate) / (required rate of return - growth rate)
= $2.16 * (1 + 5%) / (11% - 5%)
Next, we calculate the present value of the dividends and the terminal value:
PV(dividends) = Year 1 dividend / (1 + required rate of return) + Year 2 dividend / (1 + required rate of return)^2 + Year 3 dividend / (1 + required rate of return)^3
PV(terminal value) = Terminal value / (1 + required rate of return)^3
Finally, we sum up the present values of dividends and the terminal value to get the value of a share of Iguana Incorporated's stock:
Value of stock = PV(dividends) + PV(terminal value)
By plugging in the values and performing the calculations, we can determine the closest estimate for the value of a share of Iguana Incorporated's stock. However, without the exact values for the dividends and the terminal value, a precise answer cannot be provided.
To learn more about Incorporated's stock refer here :
https://brainly.com/question/14309902
#SPJ11
Why do we typically do an organization analysis before beginning a job analysis? Provide at least two reasons. Select one of the following jobs and write three task statements for it: delivery driver, child psychologist, IT specialist, or high school principal
Organizational analysis and job analysis are essential aspects of human resource management. Organizational analysis evaluates the company's culture, goals, structures, and processes.
Here are two reasons why we typically perform an organizational analysis before conducting a job analysis:1. To identify the job's purpose and how it fits the companyOrganizational analysis helps to determine the company's overall purpose and strategy. Thus, it helps to ensure that a job analysis is linked to the organization's strategic goals. The company's structure and processes can be analyzed to see how a particular job fits into the organization.
Thus, the job is essential in ensuring that the company is fulfilling its mission and achieving its goals. Task statements for a delivery driver:1. Deliver packages to customers within the agreed timelines2. Track the packages and ensure that they are safely delivered3. Coordinate with dispatchers to ensure efficient routing and timely deliveries.
To know more about management visit:
https://brainly.com/question/32216947
#SPJ11
Which of the following is NOT true about the winter solstice in the northern hemisphere
Group of answer choices
The Sun never sets at latitudes equal to or below the antarctic circle on this day.
the hours of daylight are the shortest for us at northern latitudes on this day
People who live on the tropic of Capricorn do not cast a shadow at noon on this day
The Sun crosses the celestial equator on this day so that it rises due east and sets due west
The statement that is NOT true about the winter solstice in the northern hemisphere is "People who live on the tropic of Capricorn do not cast a shadow at noon on this day.
Winter solstice refers to the shortest day of the year that occurs when the sun reaches the southernmost point on the sky. It is the moment when the Earth's axis tilts away from the sun. This happens when the North Pole is tilted 23.5 degrees away from the sun. This tilt results in the longest night and the shortest day of the year in the Northern Hemisphere.
The hours of daylight are the shortest for us at northern latitudes on this day. The Sun crosses the celestial equator on this day so that it rises due east and sets due west. The Sun never sets at latitudes equal to or below the Antarctic circle on this day. However, people who live on the tropic of Capricorn cast the longest shadow at noon on this day.
To know more about winter solstice refer here : brainly.com/question/29774486
#SPJ11
1.Differentiate between mass marketing and other market tactics 2. Determine the functions of a marketing information system 3. Analyze the impact of economic, technological, competitive, environmental, social, political, and cultural aspects of society on marketing initiatives
Differentiate between mass marketing and other market tactics.Mass marketing is a marketing strategy where a single product or service is promoted to a larger audience with the help of various types of communication media.
It is a marketing method that involves distributing products on a large scale. The following are the points that differentiate mass marketing from other market tactics: Mass marketing is designed to reach the masses, whereas niche marketing is designed to reach a small segment of the market.Analyze the impact of economic, technological, competitive, environmental, social, political, and cultural aspects of society on marketing initiatives.
The level of competition in a market affects the marketing strategy that organizations use.Environmental factors: Increasing awareness of environmental issues has led to an increased demand for environmentally friendly products and services.Political factors: Changes in government policies can affect marketing initiatives.Cultural factors: Differences in cultural values and beliefs can affect how marketing messages are received.
To know more about audience visit:
https://brainly.com/question/30435704
#SPJ11
1. Identify three of the six stages that should be targeted as part of a new product launch ( it could be any type of product so long as it is newly in the market). Further explain your choices.
When launching a new product into the market, six stages should be targeted. These six stages include the ideation phase, research and development, testing and validation, production and manufacturing, launch and promotion, and finally, growth and expansion.
Three of these stages that should be targeted as part of a new product launch include ideation, testing and validation, and launch and promotion.
Ideation is the first stage that should be targeted when launching a new product. During this phase, a company can generate a lot of creative and innovative ideas for their product. The ideation phase includes brainstorming and market research to gather information about the target audience, their needs, and preferences.
Testing and validation is the next stage that should be targeted in the new product launch. In this stage, the company can create prototypes of the product to test it in the real world. The company can also test the product with potential customers to gather feedback and identify areas for improvement.
The launch and promotion stage is another important stage that should be targeted in the new product launch. In this stage, the company can develop a marketing plan that includes advertising and promotions to introduce the product to the market.
In conclusion, when launching a new product into the market, it is essential to target specific stages that can make the product more successful. Ideation, testing and validation, and launch and promotion are three of the six stages that should be targeted in the new product launch.
To know more about development visit ;
https://brainly.com/question/29659448
#SPJ11