Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $440,000; Allowance for Doubtful Accounts has a credit balance of $4,000; and sales for the year total $1,980,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $14,800.

Required:
a. Determine the amount of the adjusting entry for uncollectible accounts.
b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense.
c. Determine the net realizable value of accounts receivable.

Answers

Answer 1

Answer: See explanation

Explanation:

a. The amount of the adjusting entry for uncollectible accounts will be:

= Estimated balance required in Allowance account - Unadjusted balance existing in Allowance account

= $14800 - $4000

= $10800

b. The adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense will be:

Account receivables = $440,000

Allowance for Doubtful accounts = $14,800

Bad Debt expense = $10800

c. The net realizable value of accounts receivable will be:

= Account receivables - Allowance for Doubtful accounts

= $440,000 - $14800

= $425200


Related Questions

For a particular maximization problem, the payoff for best decision alternative is $15.7 million while the payoff for one of the other alternatives is $12.9 million. The regret associated with the alternate decision would be
a. $ 2.8 million.
b. $ 28.6 million
c. $ .129 million
d. $ 15.7 million

Answers

Answer:

a. $ 2.8 million

Explanation:

Calculation to determine what The regret associated with the alternate decision would be

Using this formula

Regret associate=Payoff for best decision alternative - Payoff for one of the other alternatives

Let plug in the formula

Regret associate= $15.7million - $12.9million

Regret associate= $2.8million

Therefore The regret associated with the alternate decision is $2.8million.

Tyler Tooling Company uses a job order cost system with overhead applied to products on the basis of machine hours. For the upcoming year, the company estimated its total manufacturing overhead cost at $420,000 and total machine hours at 60,000. During the first month of operations, the company worked on three jobs and recorded the following actual direct materials cost, direct labor cost, and machine hours for each job: Job 101 Job 102 Job 103 TotalDirect materials used 19,200 14,400 9,600 43,200 Direct labor 28,800 11,200 9,600 49,600 Machine hours 1,000 hours 4,000 hours 2,000 hours 7,000 hoursJob 101 was completed and sold for $60,000.Job 102 was completed but not sold.Job 103 is still in process.Actual overhead costs recorded during the first month of operations totaled $45,000.Required: 1. Calculate the predetermined overhead rate. (Round your answer to 2 decimal places.)2. Compute the total manufacturing overhead applied to the Work in Process Inventory account during the first month of operations. (Round your intermediate calculations to 2 decimal places.)3. Compute the balance in the Work in Process Inventory account at the end of the first month. (Round your intermediate calculations to 2 decimal places.)4. How much gross profit would the company report during the first month of operations before making an adjustment for over- or underapplied manufacturing overhead? (Round your intermediate calculations to 2 decimal places.)5-a. Determine the balance in the Manufacturing Overhead account at the end of the first month. (Round your intermediate calculations to 2 decimal places.)

Answers

Answer:

Tyler Tooling Company

1. The predetermined overhead rate is:

= $7

2. The total manufacturing overhead applied to the Work in Process Inventory account during the first month of operations is:

= $49,000

3. The balance in  the Work in Process Inventory account at the end of the first month is:

= $86,800

4. The gross profit that the company would report during the first month of operations before making an adjustment for over- or underapplied manufacturing overhead is:

= $5,000

5a. The balance in the Manufacturing Overhead account at the end of the first month is:

= $4,000 overapplied

Explanation:

a) Data and Calculations:

Estimated total manufacturing overhead for the coming year = $420,000

Estimated total machine hours for the coming year = 60,000 mh

Actual jobs data:                 Job 101   Job 102   Job 103     Total

Direct materials cost         $19,200  $14,400   $9,600    $43,200

Direct labor cost                 28,800     11,200     9,600      49,600

Machine hours cost              1,000      4,000     2,000        7,000

Sale of Job 101 = $60,000

Actual overhead for the first month = $45,000

1. Predetermined overhead rate = Estimated overhead/estimated machine hours

= $420,000/60,000

= $7

2. The total manufacturing overhead applied to the Work in Process Inventory account during the first month of operations is:

= total machine hours used * $7

= $49,000 (7,000 * $7)

3. The balance in  the Work in Process Inventory account at the end of the first month is:

Work in Process

Account Titles            Debit      Credit

Direct materials      $43,200

Direct labor              49,600

Overhead applied   49,000

Cost of Job 1 sold                 $55,000 ($19,200+$28,800+$7,000)

Ending balance                     $86,800 (= costs of Job 102 and 103)

4. The gross profit that the company would report during the first month of operations before making an adjustment for over- or underapplied manufacturing overhead is:

= Gross profit for Job 101 = $5,000 ($60,000 - $55,000)

5a. The balance in the Manufacturing Overhead account at the end of the first month is:

= Actual overhead incurred - overhead applied

= $45,000 - $49,000

= $4,000 overapplied

Chavez Corporation reported the following data for the month of July: Inventories: Beginning Ending Raw materials $ 36,000 $ 34,500 Work in process $ 20,500 $ 26,000 Finished goods $ 36,500 $ 51,500 Additional information: Raw materials purchases $ 70,500 Direct labor cost $ 95,500 Manufacturing overhead cost incurred $ 63,500 Indirect materials included in manufacturing overhead cost incurred $ 9,800 Manufacturing overhead cost applied to Work in Process $ 62,500 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The cost of goods manufactured for July is:

Answers

Answer:

Cost of goods manufactured= $214,700

Explanation:

First, we need to calculate the direct material used:

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 36,000 + 70,500 - 34,500

Direct material used= $72,000

Now, we can determine the cost of goods manufactured:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 20,500 + 72,000 + 95,500 + (62,500 - 9,800) - 26,000

cost of goods manufactured= $214,700

Edwards Manufacturing Company purchases two component parts from three different suppliers. The suppliers have limited capacity and no one supplier can meet all the company's needs. In addition, the suppliers charge different prices for the components. Component price data (in price per unit) are as follows:Supplier Component 1 2 31 $10 $12 $142 $10 $10 $11Each supplier has a limited capacity in terms of total number of components it can supply. However, as long as Edwards provides sufficient advance orders, each supplier can devote its capacity to component 1, component 2, or any combination of the two components, if the total number of units ordered is within its capacity. Supplier capacities are as followsSupplier 1 2 3Capacity 600 1050 775If the Edwards production plan for the next period includes 1050 units of component 1 and 800 units of component 2, what purchases do you recommend? The is, how many units of each component should be ordered from each supplier?Supplier 1 2 3Component 1 Component 2 What is the total purchase cost for the components?

Answers

Answer:

Edwards Manufacturing Company

1. Number of units to order from each supplier:

Suppliers                          1            2           3      Total

Component 1               600        450         0       1,050

Component 2                  0        600      200        800

Total ordered              600     1,050      200      1,850

2. The total purchase cost for the components is:

= $19,600.

Explanation:

a) Data and Calculations:

Component price

Supplier              1         2        3

Component 1  $10     $12    $14

Component 2 $10     $10    $11

Suppliers' Capacities

Supplier              1         2        3

Component 1  

Component 2

Total capacity 600   1,050   775

Edwards Production Plan

Component 1 = 1,050 units

Component 2 = 800 units

Objective:

Minimize Total Cost = $19,600

Constraints:

Total Supplier 1 <= 600

Total Supplier 2, <= 1,050

Total Supplier 3, <= 775

Total Component 1, = 1,050

Total Component 2, = 800

                                      Component 1                   Component 2

Suppliers                     1           2           3              1           2           3

Numbers of units to

order from supplier 600     450         0               0       600    200

Total units                      1,050                     +                        800

                                       Component 1                   Component 2

Suppliers                     1           2           3              1           2           3

Numbers of units to

order from supplier 600     450         0               0       600    200  

Price of units             $10      $12       $14          $10        $10      $11

Total costs          $6,000 $5,400       $0           $0  $6,000   2,200

= $19,600

Number of units to order from each supplier:

Suppliers                          1           2           3      Total

Component 1               600       450         0       1,050

Component 2                  0       600      200        800

Total ordered              600     1,050      200      1,850

Capacity of suppliers 600     1,050       775  

True or False: It was better for the united states not to receive this foreign investment because it decreases economic growth

Answers

Answer:

False

Explanation:

When the foreign investment should received so it generally complement the capital stock of the domestic one. ALso, the foreign investment includes both macro and micro impact. Like for macro, it is good for export, imprort and for micro it improved the labor force quality

So it increased the capital and the new business opportunities

Therefore the given statement is false

In the following MRP planning schedule for Item J, indicate the correct net requirements, planned order receipts, and planned order releases to meet the gross requirements. Lead time is one week.

WEEK NUMBER

ITEM J 0 1 2 3 4 5
Gross requirements 67 43 63
On-hand 46
Net requirements
Planned order receipt
Planned order release

Answers

Answer:

Planned order receipts

Item 3 - 55

Item 4 - 74

Planned order releases

Item 2 - 55

Item 3 - 74

Explanation:

Planned order receipts are the requirement for each item based on demand. Planned order releases is the finished goods processing time. When finished goods are ready, they are placed at warehouse for order dispatch.

Which type of budgeting requests for investment in large assets such as buildings, renovations, software systems and furniture

Answers

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The type of budgeting requests for investment in large assets is buildings.

An investment property is real estate property purchased with the intention of earning a return on the investment either through rental income, the future resale of the property, or both.

Why do people invest in buildings?

Key Takeaways. Real estate investors make money through rental income, appreciation, and profits generated by business activities that depend on the property. The benefits of investing in real estate include passive income, stable cash flow, tax advantages, diversification, and leverage.

Apartment buildings frequently get sold on the basis of their cap rate, which is effectively a multiple of the income they produce. If you increase your building's income by raising rents or cutting expenses, you should be able to sell for a profit.

To learn more about investment in buildings, refer

https://brainly.com/question/11791499

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Actual indirect materials costs$11,800 $6,700 Actual indirect labor costs 55,600 45,900 Other overhead costs 16,000 49,900 Overhead applied 91,400 96,700 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold.

Answers

Answer:

See below

Explanation:

1. Actual costs = $11,800(indirect material + $55,600(indirect labor) + $16,000(other overhead costs) = $83,400(actual cost)

$91,400(overhead applied) - $83,400(actual cost) = Overhead applied is greater than the actual cost which means that overhead was over applied by $8,000

2. Debit: Manufacturing overhead $8,000

______ Credit: Cost of goods sold $8,000

3. Actual costs = $6,700(indirect material) + $45,900(indirect labor) + $49,900(other overhead costs) = $102,500

$96,700(overhead applied) - $102,000(actual costs) = Overhead applied is less than the actual costs which means that overhead was under applied by $5,800

4. Debit : Cost of goods sold $5,800

_______ Credit: Manufacturing overhead $5,800

An outside supplier offers to provide Factor with all the units it needs at $44.45 per unit. If Factor buys from the supplier, the company will still incur 70% of its overhead. Factor should choose to:

Answers

Answer:

Factor must opt to agree as well as purchase the deal from the provider. A further explanation is provided below.

Explanation:

The given problem seems to be incomplete. Find the attachment of the complete question below.

Given:

Direct material,

= $8.70  

Direct labor,

= 24.70  

Overhead,

= 43.50

Now,

If the offer is accepted, the cost per unit will be:

= [tex]44.45 + (43.50\times 70 \ percentage)[/tex]

= [tex]44.45 + 30.45[/tex]

= [tex]74.90[/tex] ($)

Thus the above is the correct answer.

Assume the state of Alaska placed a tax on playing cards of 5 cents per pack. If the state generated $55500 in revenue, how many packs of cards were sold?

Answers

Answer:

The right solution is "1,110,000 units".

Explanation:

Given:

Tax revenue,

= $55500

Tax per good,

= 5 cents

As we know,

⇒ [tex]Tax \ revenue=Tax \ per \ good\times goods[/tex]

By substituting the values, we get

               [tex]55500=0.05\times Q[/tex]

                     [tex]Q=\frac{55500}{0.05}[/tex]

                         [tex]=1,110,000 \ units[/tex]

explain consumptions of the principal of absolute advantage​

Answers

Answer:

The Absolute Advantage Theory assumed that only bilateral trade could take place between nations and only in two commodities that are to be exchanged.

Explanation:

In economics, the principle of absolute advantage refers to the ability of a party (an individual, a firm, or a country) to produce more of a good or service than competitors while using the same amount of resources.

Quantity (Units) Private Value (Dollars) Private Cost (Dollars) External Cost (Dollars)
1 46 21 6
2 44 24 6
3 42 27 6
4 40 30 6
5 38 33 6
6 36 36 6
7 34 39 6

The table represents a market in which:

a. there is no externality
b. there is a positive externality.
c. there is a negative externality.
d. The answer cannot be determined from inspection of the table.

Answers

Answer:

c. there is a negative externality.

Explanation:

At the time when one individual actions develops the benefits for others but at the same time they dont pay so it is to be known as positive externality

At the time when one individual action develops loss but the other who received the loss because of the action of the person so for this they didnt get the compensation so it is the negative externality

As we can see that there is three types of values so the correct option is c.  

Critical Chain Project Management (CCPM) attempts to keep the most highly demanded resource busy on critical chain activities, but not overloaded.

a. True
b. False

Answers

Answer:

True

Explanation:

Critical-Chain

This was introduced or originated by Eli Goldratt in 1997. Its aim is to challenges conventional project management approaches and absolute dependence on TOC principles. The idea of what to change or eliminated is the largely rooted behaviors that is common with the traditional project management practices. It is very multitasking anf it is the longest string of reliance that occur on the project.

Critical- Chain Approach

This approach simply covers project network as it ca be limited by both resource and technical reliance/dependencies. each type of limitations can create task reliance.

The Summary of Critical Chain Approach

1.) use Aggressive but Possible Times (ABPT) for task durations

2.) identify the critical chain by accounting for resource dependencies

3.) use buffer management to track project progress etc.

An analyst prepares the following common-size income statements for Perez Company: 20X1 20X2 20X3 Sales 100% 100% 100% Cost of goods sold 50% 52% 53% Selling and administrative expense 16% 12% 9% Interest income 4% 4% 4% Pretax income 30% 32% 34% Income tax expense 15% 16% 17% Net income 15% 16% 17% Based only on this information, Perez's improving net profit margin is most likely a result of:

Answers

Answer:

Perez Company

Based only on this information, Perez's improving net profit margin is most likely a result of:

Decreasing Selling and Administrative Expenses over the years.

Explanation:

a) Data and Calculations:

Perez Company

Common-size Income Statements for three years:

                                                         20X1     20X2     20X3

Sales                                                 100%     100%      100%

Cost of goods sold                            50%      52%       53%

Selling and administrative expense  16%       12%         9%

Interest income                                   4%         4%         4%

Pretax income                                   30%       32%      34%

Income tax expense                          15%       16%        17%

Net income                                        15%       16%        17%

b) A review of the common-size income statement of Perez Company shows that its selling and administrative expenses continued to reduce an average of 300 percentage points year on year.  This reduction can be clearly seen in its improved net income, which also continued to improve year on year.  However, the improvement was hampered by increasing income tax expense, which witnessed the same increase.

The forecasted sales pertain to Arrow Corporation: Month Sales September $400,000 October 320,000 Finished Goods Inventory (August 31): 28,000 Arrow Corporation has a selling price of $5 on all units and expects to maintain ending inventories equal to 25 percent of the next month's sales. How many units does Arrow expect to produce in September

Answers

Answer:

68,000 units

Explanation:

The computation of the number of units that produced in september is given below;

The sales units at September is

= $400,000 ÷ 5

= 80,000 units

And, the october sales units is

= $320,000 ÷ 5

= 64,000 units

So, the production should be

= Ending finished units + sales units - beginning finished units

= (25% of 64,000 units)  + 80,000 units - 28,000 units

= 16,000 units + 80,000 units - 28,000 units

= 68,000 units

A company using the FIFO method had beginning work in process inventory of 10,000 units and completed 75,000 units. They also had 5,000 units in ending work in process inventory. The number of units started and completed equals_________

Answers

Answer:

the number of units started and completed is 65,000 units

Explanation:

The computation of the number of units started and completed is given below:

= Units completed - beginning work in process inventory units

= 75,000 units - 10,000 units

= 65,000 units

Hence, the number of units started and completed is 65,000 units

Bach Co. had an inventory balance of $15,250 on January 1, purchased $34,000 during the accounting period, and the cost of goods sold was $28,000. What is the ending balance in the inventory account (the cost of ending inventory)

Answers

Answer:

$21,250

Explanation:

Calculation to determine the ending balance in the inventory account

Using this formula

Cost of goods sold =​ Opening Inventory + Purchase during the year - Ending balance of inventory

Let plug in the formula

$28,000 = $15,250 + $34,000 - Ending balance of inventory

Ending balance of inventory = $49,250 - $28,000

Ending balance of inventory = $21,250

Therefore the ending balance in the inventory account is $21,250

How does the current organizational and operational structure, including the system of corporate governance, benefit the firm

Answers

Answer:

The organizational and operational structure of a company must be aligned with the core values and objectives of the business, as it impacts and determines the relationships and culture in the organizational environment.

Therefore, when there is an organizational structure where the hierarchical positions and the decision-making system match the way the company operates in the market, it is correct to say that such organization has a culture that enables its development and the correct progress of the business. Combined with corporate governance, which is a system of inspection, control and incentive to interested parties, the company will benefit from being well structured, positioned and oriented to achieve quality and continuous process improvement.

uppose you invest, every month, in an annuity that pays 3% interest, compounded monthly. After 25 years, you have $550,000. How much money do you earn from interest

Answers

Answer: $180,046

Explanation:

First find the annuity that was invested monthly that yielded $550,000.

Interest rate = 3%/12 months = 0.25%

Period = 25 * 12 = 300 months

Future value of annuity = Annuity * ( ( 1 + rate) ^ no. of periods - 1) / rate

550,000 = Annuity * ( ( 1 + 0.25%)³⁰⁰ - 1 ) / 0.25%

550,000 = Annuity * 446

Annuity = 550,000 / 446

Annuity = $1,233.18

Without compounding, investing $1,233.18 per month would have yielded:

= 1,233.18 * 300 months

= $369,954

Money earned from interest is:

= 550,000 - 369,954

= $180,046

Calculate the geometric average return earned by an investor over three years if she earned 6% in the first year of an investment, 12% in the second year and 10% in the third year.

Answers

Answer:

8.96%

Explanation:

[tex]\sqrt[\frac{1}{n} ]{x1. x2.x3...}[/tex] = geometric average return

n = number of observations

x1 = observations

(0.06 x 0.12 x 0.1)^(1/3) = 0.0896 = 8.96%

The Cullumber Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rents at $65 a night. Operating costs are as follows:

Salaries $7,500 per month
Utilities $1,000 per month
Depreciation $1,100 per month
Maintenance $2,940 per month
Maid service $24 per room
Other costs $46 per room

Required:
Determine the innâs break-even point in number of rented rooms per month.

Answers

Answer:

Results are below.

Explanation:

First, we need to calculate the total fixed cost and the total unitary variable cost:

Total fixed cost= salaries + utilities + depreciation + maintenance

Total fixed cost= 7,500 + 1,000 + 1,100 + 2,940

Total fixed cost= $12,540

Total unitary variable cost= 24 + 46

Total unitary variable cost= $70

As the unitary contribution margin is negative (65 - 70), the company will never break even. I will assume that the selling price is incorrect, and the room costs $85:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 12,450 / (85 - 70)

Break-even point in units= 830

Pearson Electric Company uses the high-low method to analyze mixed costs. The following information relates to the production data for the first six months of the year.
Month Cost(Y) Hours(H)
January $8,050 335
February $9,750 780
March $8,040 460
April $8,110 380
May $10,210 1,055
June $9,510 755
What is the estimated total cost at an operating level of 1,180 hours, using the high-low method? (Round variable cost per unit to 2 decimal places.)

Answers

Answer:

Results are below.

Explanation:

First, we need to calculate the variable and fixed costs:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (10,210 - 8,050) / (1,055 - 335)

Variable cost per unit= $3

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 10,210 - (3*1,055)

Fixed costs= $7,045

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 8,050 - (3*335)

Fixed costs= $7,045

Now, the total cost for 1,180 hours:

Total cost= 7,045 + 3*1,180

Total cost= $10,585

Suppose that the price of labor (PL) is $7 while the price of capital (PK) is $10. Also, suppose that the marginal product of labor (MPL) is 20 while the marginal product of capital (MPK) is 30. What is the best advice for a profit-maximizing firm ?

Answers

Answer:

The answer is "use more capital, less labor".

Explanation:

labor price [tex](PL) = \$7\\\\[/tex]

Capital price [tex](PK) = \$10\\\\[/tex]

Marginal product of labor: [tex](MPL) = 20\\\\[/tex]

Marginal product of capital: [tex](MPK) = 30\\\\[/tex]  

Calculating the ratio of the product marginal labor and labor price:

[tex]= \frac{MPL}{PL} = \frac{20}{7} = 2.86\\\\[/tex]

Calculating the ratio of the product marginal capital and capital price:

[tex]= \frac{MPK}{PK} = \frac{30}{10} = 3\\\\[/tex]

The company maximises profit using the quantity of work and capital that matches the necessary responsibilities.

[tex]\frac{MPL}{PL} = \frac{MPK}{PK}[/tex]

However, in the given case,

[tex]\frac{MPL}{PL} < \frac{MPK}{PK}[/tex]

In this instance, therefore, the business should raise the quantity of capital and cut the quantity of effort.

QS 5-1 Inventory ownership LO C1 Homestead Crafts, a distributor of handmade gifts, operates out of owner Emma Finn’s house. At the end of the current period, Emma looks over her inventory and finds that she has 1,800 units (products) in her basement, 27 of which were damaged by water and cannot be sold. 100 units in her van, ready to deliver per a customer order, terms FOB destination. 120 units out on consignment to a friend who owns a retail store. How many units should Emma include in her company’s period-end inventory?

Answers

Answer:

1,993 units

Explanation:

Calculation to determine How many units should Emma include in her company's period-end inventory

Units in Ending Inventory:

Units of Product on hand: 1,800 units

Add Units in transit 100

Add Units on consignment 120

Less:Damaged units (27)

Total units in period-end inventory 1,993 units

Therefore How many units should Emma include in her company's period-end inventory is 1,993 units

Capital allocation line is _______________ Question 18 options: plot of risk-return combinations available by varying portfolio allocation between a risk-free rate and a risky portfolio None of the options are correct plot of risk-return combinations available by varying portfolio allocation between two risky assets plot of risk-return combinations available by equal weighting allocation between a risk-free rate and a risky portfolio

Answers

Answer:

plot of risk-return combinations available by varying portfolio allocation between a risk-free rate and a risky portfolio

Explanation:

The capital allocation line (CAL) is called as the capital market line tha developed on the graph for all the expected combinations related to the risk-free and risk assets. In this, the graph presented the return investor that expected earn by assuming the particular level of risk along with the investment

Therefore the first option is correct


To keep your business plan up-to-date, it should be revised every
A-month.
B-6 months.
C-year.
D-other year.

Answers

Answer:

A-month

Explanation:

by revising it monthly, it is the most up to date and can be consistently helpful to you as well as organized.

C-year.

Entrepreneur.com recommends that you do a thorough update to your business plan at least once annually.

A small company that makes hand-sewn leather shoes has fixed costs of $320 a day, and total costs of $1200 per day at an output of 20 pairs of shoes per day. Assume that total cost C is linearly related to output x. Find an equation of the line relating output to cost.
A) C = 44x + 320.
B) C = 60x + 1520.
C) C = 60x + 320.
D) C = 44x + 1520.

Answers

Answer: c = 44x + 320

Explanation:

Based on the information given, the cost of materials used in the shoe is a variable cost and this will be:

= Total cost - Fixed cost

= $1200 - $320

= $880

Since there are 20 shoes, the cost if materials used per shoe is: = $880/20 = $44

Then the total cost equation will then be:

c = 44x + 320

where,

C = Total cost incurred in a day

x = Number of pair of shoes made in a day.

Therefore, the correct option is A.

The equation that related the output to cost is option c. 60x + 320.

Calculation of an equation:

Since we know that the variable cost is

= Total cost - Fixed cost

= $1200 - $320

= $880

Now the cost per shoe should be

= $880/20

= $44

So here the total cost c equation should be

c = 44x + 320

Here

x be Number of pair of shoes.

Learn more about cost here: https://brainly.com/question/24230268

Patagonia donates at least 1% of profits to support environmental causes. There products are also produced under safe, fair, legal, and humane working conditions throughout the supply chain. What is Patagonia practicing

Answers

Answer: corporate social responsibility practice

Explanation:

Corporate social responsibility occurs when organizations contribute to societal goals by supporting practices that are ethically oriented and have a positive effect on the economy.

Since Patagonia donates at least 1% of profits to support environmental causes and is contributing positively to the economy, then Patagonia is practicing corporate social responsibility practices.

SureLock Manufacturing Co. makes and sells several models of locks. The cost records for the ZForce lock show that manufacturing costs total $19.62 per lock. An analysis of this amount indicates that $11.90 of the total cost has a variable cost behavior pattern, and the remainder is an allocation of fixed manufacturing overhead. The normal selling price of this model is $29.00 per lock. A chain store has offered to buy 14,000 ZForce locks from SureLock at a price of $15.75 each to sell in a market that would not compete with SureLock’s regular business. SureLock has manufacturing capacity available and could make these locks without incurring additional fixed manufacturing overhead.
Required:
a. Calculate the effect on SureLock’s operating income of accepting the order from the chain store.
b. If SureLock’s costs had not been classified by cost behavior pattern, is it likely that a correct special order analysis would have been made? Explain your answer.
c. Identify the key qualitative factors that SureLock managers should consider with respect to this special order decision.

Answers

Answer:

a. $53900

Explanation:

a. the effect on surelocks operating income

$15.75 - $11.9

= $3.85*14000 zforce locks

= $53900

the operating income has risen by 53900 dolars

b. the correct special order analysis can only come in if the the actual cost that was made on the special order was stated. If not the decison cannot be tken rightly given that the total cost and the fixed manufacturing cost is higher than that of the special order price for selling. the special order is not going to be accepted given this reason. So a correct special order analysis would not be made.

c. the key qualitative factors are

selling cost for each lock for this special order and also the variable costs.

Situation 2: You are a Department Head* of Generation Z. You are going to arrange a session for your team.
How you communicate with a guest to take a session on behalf of our organization. The things to be aware of,
1. The guest is not familiar with you.
2. You have to manage him/her to take a session without a monetary benefit.
3. You have to Communicate with him/her through social media
4. The person is so friendly to communicate with new people.
Note: You have to manage a session for your own department. If you are in the Graphics Team then consider yourself as Graphics Designing Head and you have to arrange a session related to it.
Ans.

Answers

Answer:

As a Department Head* of Generation Z who is charged with communicating with a guest to take a session on behalf of the organization who is not familiar with me, has to communicate via social media and manage the guest to take a session without monetary benefit, then the following steps should be considered:

1. Reach out to the guest on social media

2. Explain how important his presence would be important to the company

3. Explain that his services would have to be without monetary payment

4. Discuss ways that his presence would be beneficial to his public image

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