A balance sheet is a financial statement that shows a company's financial position at a specific time. The balance sheet consists of three parts: the assets section, the liabilities section, and the stockholders' equity section.
To construct the current assets section of the balance sheet, we'll need to calculate the values for cash, accounts receivable, and inventory using the given data.
Calculate Accounts Receivable:
Average Collection Period = 36 days
Yearly Sales (Credit) = $360,000
To find the average daily credit sales, divide the yearly sales by 360 days:
Average Daily Credit Sales = $360,000 / 360 = $1,000
Accounts Receivable = Average Daily Credit Sales x Average Collection Period
Accounts Receivable = $1,000 x 36 = $36,000
Calculate Inventory:
Inventory Turnover = 8 times
Cost of Goods Sold = Yearly Sales / Inventory Turnover
Cost of Goods Sold = $360,000 / 8 = $45,000
Calculate Cash:
Total Current Assets = Current Ratio x Current Liabilities
Total Current Assets = 3 x $78,000 = $234,000
To find cash, subtract the sum of accounts receivable and inventory from total current assets:
Cash = Total Current Assets - (Accounts Receivable + Inventory)
Cash = $234,000 - ($36,000 + $45,000)
Cash = $153,000
Now, we can fill in the current assets section of the balance sheet:
Current Assets:
Cash $153,000
Accounts Receivable $36,000
Inventory $45,000
Total Current Assets $234,000. This section of the balance sheet shows the current assets of the company, including cash, accounts receivable, and inventory, which contribute to the company's overall financial position.
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For its fiscal year-end, Target Inc (TGT) reported net income of $11 million and a weighted average of 3,000,000 common shares outstanding. The company paid $1,000,000 in preferred dividends and had 100,000 options outstanding with an average exercise price of $20. TGT's market price over the year averaged $30 per share. TGT's diluted EPS is closest to:
The diluted EPS of Target Inc (TGT) is closest to $3.30.The diluted EPS is calculated by dividing the net income minus preferred dividends by the sum of the weighted average common shares outstanding and the dilution factor (in this case, the dilution factor is added to the weighted average common shares outstanding).
To calculate diluted earnings per share (EPS), we need to consider the potential dilution from convertible securities such as options. In this case, we have 100,000 options outstanding with an average exercise price of $20. Since the market price averaged $30 per share, the options are in-the-money and considered dilutive.
To calculate the impact of the options, we determine the number of additional shares that could be obtained by exercising the options. This is calculated as (Market price - Exercise price) / Market price. In this case, the dilution factor is (30 - 20) / 30 = 1/3.
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The current spot price of an ounce of gold is $1875. At an exercise price of $2000 and with a maturity of 3 months, you simultaneously buy a call and a put option on an ounce of gold. According to analysts’ reports the gold price is expected either to fall to $1650 or rise to $2350 three months later. Assuming a risk free rate of 2% calculate the call price and put price.
The call price is $32.21 and the put price is $92.34.
The current spot price of an ounce of gold is $1875.
Exercise price of $2000
Maturity of 3 months
Expected price of gold is either to fall to $1650 or rise to $2350 three months later.
Risk-free rate of 2%.
The put price and call price is to be calculated.
1. Call price:
The formula for call option price is:
Call price = S N (d1) - X e -r t N (d2)
where S = Current spot price = $1875
X = Exercise price = $2000
r = Risk-free rate = 2% per year = 0.5% for 3 months
T = Maturity time = 3 months = 0.25 year
σ = Volatility = (31.19%) / 100 = 0.3119
d1 = [ ln (S / X) + (r + σ² / 2) T ] / σ √ T
d2 = d1 - σ √ T
where N(d1) and N(d2) are cumulative normal distribution functions.
Using the given values, we have;
d1 = -0.0429
d2 = -0.2515
N(d1) = 0.4841
N(d2) = 0.4015
Call price = S N(d1) - X e-r T N(d2) = $1875 (0.4841) - $2000 e -0.005(0.25) (0.4015) = $32.21
Therefore, the call price is $32.21.
2. Put price:
The formula for put option price is:
Put price = X e -r t N (- d2) - S N (- d1)
Using the values from the question, we have;
d1 = -0.0429
d2 = -0.2515
N(d1) = 0.4841
N(d2) = 0.4015
Put price = X e-r T N(-d2) - S N(-d1) = $2000 e -0.005(0.25) (0.4015) - $1875 (0.5159) = $92.34
Therefore, the put price is $92.34.
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plish Brothers Corporation issued 102,000 shares of $18 par value, cumulative, 7% preferred stock on January 1, 2021, for $2,570,000. In December 2023, Splish Brothers declared its first dividend of $790,000. (a) Your answer is correct. Prepare Splish Brothers's journal entry to record the issuance of the preferred stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Splish Brothers Corporation issued 102,000 shares of $18 par value, cumulative, 7% preferred stock on January 1, 2021, for $2,570,000. To record this issuance, the journal entry would include debiting the Cash account for $2,570,000 and crediting the Preferred Stock account for $1,836,000 and the Paid-in Capital in Excess of Par - Preferred Stock account for $734,000.
When a corporation issues preferred stock, it needs to record the transaction in its accounting records. In this case, Splish Brothers Corporation issued 102,000 shares of $18 par value, cumulative, 7% preferred stock on January 1, 2021, for a total of $2,570,000.
To record the issuance of the preferred stock, we will debit the Cash account for the total amount received, which is $2,570,000. This represents the inflow of cash from the issuance.
On the credit side, we need to credit the Preferred Stock account for the par value of the preferred stock. Since each share has a par value of $18, the credit to the Preferred Stock account will be $18 multiplied by the number of shares, which is 102,000 shares, totaling $1,836,000.
Additionally, we credit the Paid-in Capital in Excess of Par - Preferred Stock account for the excess amount received over the par value. The excess is calculated by subtracting the par value from the total amount received. In this case, it is $2,570,000 - $1,836,000 = $734,000. So, we credit the Paid-in Capital in Excess of Par - Preferred Stock account for $734,000.
The journal entry to record the issuance of the preferred stock would be as follows:
Cash $2,570,000
Preferred Stock $1,836,000
Paid-in Capital in Excess of Par - Preferred Stock $734,000
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Transcribed image text: Pick one of the following diets and give 1 day diet. This is for Breakfast, Mid Day Snack, Lunch, Afternoon Snack, Dinner. You are also to provide the recipes for each item. 1. Dibeatic Diet 2. Low sodium diet 3. High Fibre Diet 4. Low fat/ High Fat Diet 5. High Protein Diet 6. Full Fluid Diet 7. Low Potassium diet 8. Calcium rich Diet
Sample 1-day High Protein Diet: Scrambled eggs with spinach and feta cheese for breakfast, Greek yogurt with mixed berries for mid-day snack, grilled chicken breast salad for lunch, protein shake for afternoon snack and grilled salmon with quinoa and steamed vegetables for dinner.
Sample 1-day High Protein Diet:
Breakfast: Scrambled eggs with spinach and feta cheese.
Mid-Day Snack: Greek yogurt with mixed berries
Lunch: Grilled chicken breast salad
Afternoon Snack: Protein shake
Dinner: Grilled salmon with quinoa and steamed vegetables.
Breakfast: For a protein-rich start to the day, try scrambled eggs with spinach and feta cheese.
Greek yogurt and mixed berries make a healthy midday snack that combines protein and antioxidants.
Lunch: A grilled chicken breast salad loaded with mixed greens and vegetables is a great source of lean protein and fiber.
Protein shakes offer a convenient and quick source of protein to fuel the body as an afternoon snack.
Dinner is grilled salmon with quinoa and steamed vegetables for additional nutrition, which provides high-quality protein and healthy fats.
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Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $4,870.8 million and operating expens! (including depreciation expense of $1,283.0 million) $10,672.6 million. The comparative balance sheets for the year show that inventory decreased $6.8 million, prepaid expenses increased $44.3 million, accounts payable (inventory suppliers) increased $20. million, and accrued expenses payable increased $197.7 million. Using the direct method, compute (a) cash payments to suppliers and (b) cash payments for operating expenses, (Enter onswers in mililons to 1 decimal place, e.g. 527.5. \begin{tabular}{l|c|c|c|} Cash payments to suppliers & $ _____________ million \\ Cash payments for operating expenses & $ ___________ million \end{tabular}
Cost of goods sold $4,870.8 million, Operating expenses (including depreciation expense of $1,283.0 million) $10,672.6 million, Inventory decreased $6.8 million, Prepaid expenses increased $44.3 million, Accounts payable (inventory suppliers) increased $20 million, Accrued expenses payable increased $197.7 million
Let’s calculate cash payments to suppliers:
Using the direct method for calculating cash payments to suppliers, we need to find out how much is spent on inventory suppliers. For that, we need to take into account the changes that occurred in accounts payable and inventory. For inventory, since inventory decreased during the year, we need to subtract this amount from the total cost of goods sold. So, the calculation would be:
Cash payments to suppliers = Cost of goods sold – decrease in inventory + increase in accounts payable
Cash payments to suppliers = $4,870.8 million - $6.8 million + $20 million
Cash payments to suppliers = $4,884 million
Let’s calculate cash payments for operating expenses
Using the direct method, we can calculate the cash payments for operating expenses. We know the total amount of operating expenses. We need to calculate the increase or decrease in prepaid expenses and accrued expenses payable for the year, and then we will subtract any increase in prepaid expenses and add any increase in accrued expenses payable. The calculation would be:
Cash payments for operating expenses = Operating expenses – decrease in prepaid expenses + increase in accrued expenses payable
Cash payments for operating expenses = $10,672.6 million + $44.3 million + $197.7 million
Cash payments for operating expenses = $10,914.6 million
Hence,Cash payments to suppliers = $4,884 millionCash payments for operating expenses = $10,914.6 million
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Identify each of the following reconciling items as (1) an addition to the bank balance, (2) a deduction from the bank balance, (3) an addition to the book balance, or (4) a deduction from the book balance. Additionally, note the items that require a journalentry by the company. a. Deposits in transit b. Bank service charges c. NSF check d. Outstanding Checks e. Check for $690 incorrectly recorded by the company as $960 f. Check for $420 incorrectly recorded by the company as $240
The bank reconciliation statement is a crucial document that ensures the accuracy of the financial statements.
Bank reconciliation statement is the statement that is prepared to reconcile the difference between the bank balance and the book balance as on a particular date. Bank reconciliation statement is prepared with the help of bank statement and the cash book of the company. Various reconciling items are identified during the process of preparation of bank reconciliation statement. Let's identify each of the following reconciling items and their types:
a. Deposits in transit: Additions to the book balance, which are not yet reflected in the bank statement.
b. Bank service charges: Deduction from the book balance, which is not yet reflected in the bank statement.
c. NSF check: Deduction from the book balance, which is not yet reflected in the bank statement. Also, the company needs to make a journal entry to record the same.
d. Outstanding Checks: Deduction from the book balance, which is not yet reflected in the bank statement.
e. Check for $690 incorrectly recorded by the company as $960: Deduction from the book balance, which is not yet reflected in the bank statement. The company needs to make a journal entry to record the same.
f. Check for $420 incorrectly recorded by the company as $240: Deduction from the book balance, which is not yet reflected in the bank statement. The company needs to make a journal entry to record the same. The items that require a journal entry by the company are (c), (e), and (f).The bank reconciliation statement is a necessary document to ensure the accuracy of the cash balance reported on the company’s financial statements.
It helps the company to identify the reconciling items, and it provides the company with the accurate balance of the cash account. Hence, the bank reconciliation statement is a crucial document that ensures the accuracy of the financial statements.
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ssume a bank offers an effective annual rate of 7.33%. If compounding is quarterly what is the APR?
Submit
Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))
The APR when compounding is quarterly and an effective annual rate of 7.33% is offered is 7.1832% rounded to four decimal places.
To determine the APR (Annual Percentage Rate) when compounding is quarterly and an effective annual rate of 7.33% is offered, we can use the following formula:
APR = [(1 + r/n)^n - 1] * 100
where r is the effective annual rate and n is the number of compounding periods per year.
In this case, r is 7.33% and n is 4 (since compounding is quarterly). Therefore, we can substitute these values into the formula to calculate the APR as follows:
APR = [(1 + 0.0733/4)^4 - 1] * 100
= [(1.018325)^4 - 1] * 100
= 7.1832%
Therefore, the APR when compounding is quarterly and an effective annual rate of 7.33% is offered is 7.1832% rounded to four decimal places.
It's important to note that the APR provides a standardized way of comparing different loan or investment options, by taking into account both the interest rate and the frequency of compounding. By knowing the APR, borrowers or investors can compare the true cost or return of different financial products and make more informed decisions.
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Problem: Module 6 Textbook Problem 3 Learning Objective: 6-2 Make appropriate special order decisions Franklin Company manufactures a personal computer designed for use in schools and markets it under its own iabef. Frankin has the capacity to produce 44,000 units a year but is currently prodacing and seling only 19,000 units a year, The computer's normat selling phice is $1,600 per unit with no volume discounts. The unittevel costs of the computer's production are $450 for direct matenals. \$130 fot direct labot, and $170 for indirect unit-level manufacturing costs The total product-and facility-tevet costs incurred by fraribin during the year are expected to be $2.130,000 and $812.000, respecively. Assume that Frankdin receives a special order to produce. and seth 3,060 computers at $1,210 each. Required Calculate the contribution to profit from the special order Should Franklin accept or reject the special order?
The Total revenue from the special order is $3,708,600. The Contribution to profit is $1413600.
To calculate the contribution to profit from the special order, we need to determine the incremental costs and compare them to the revenue generated.
Incremental costs for the special order:
Direct materials cost per unit: $450
Direct labor cost per unit: $130
Indirect unit-level manufacturing cost per unit: $170
Total incremental cost per unit: $450 + $130 + $170 = $750
Revenue from the special order:
Number of units for the special order: 3,060
Selling price per unit: $1,210
Total revenue from the special order: 3,060 * $1,210 = $3,708,600
Contribution to profit:
Contribution to profit = Total revenue - Total incremental cost
Contribution to profit = $3,708,600 - (3,060 * $750)
Contribution to profit = $1413600
Now, calculate the contribution to profit and determine if Franklin should accept or reject the special order based on whether the contribution is positive or negative.
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Watch the film, Poverty, Inc., then discuss:
1. Did the film change your view of global aid? Why or why not?
2. How can global aid become more effective?
3. Identify some of the unexpected financial beneficiaries of global aid other than the intended direct recipients (such as poverty populations).
1. Yes, the film changed my view of global aid. Before watching the film, I believed that international aid was an essential tool to help people in need around the world.
Poverty, Inc. is a documentary film that presents a critical look at the global aid industry. The film argues that much of the international aid that is sent to developing countries does more harm than good.
1. Yes, the film changed my view of global aid. Before watching the film, I believed that international aid was an essential tool to help people in need around the world. However, after watching the film, I came to the realization that global aid is often more focused on the interests of the donors than the needs of the people it is supposed to help. The film does a great job of explaining how global aid can create dependency, stifle local entrepreneurship, and distort the local market.
2. The film offers a few suggestions to make global aid more effective. The first is to listen to the people on the ground who are receiving the aid. Too often, aid organizations come in with preconceived notions of what people need and fail to listen to the actual needs of the communities they are trying to serve. The second is to focus on building local capacity rather than just providing aid.
This means investing in local businesses, training local people, and empowering them to be the drivers of their own development. Finally, the film argues that global aid should be viewed as a temporary measure rather than a permanent solution. Aid should be used to help people in times of crisis, but the ultimate goal should be to build self-sufficient communities that don't need aid.
3. The film argues that there are many unintended beneficiaries of global aid. Some of these beneficiaries include aid organizations themselves, which often have significant overhead costs that eat up a large portion of the aid money. The film also highlights how aid can distort local markets by flooding them with cheap or free goods, which can put local businesses out of work. In some cases, aid can also create corruption by providing large sums of money to local governments or NGOs without proper oversight.
Overall, the film makes a compelling case that global aid needs to be rethought and restructured if it is to be truly effective.
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The following system has an infinite number of solutions. Write the solution in terms of y and z. 2w−x+2y−z=2
w+x−y+1z=1
3w+1y+0z=3
3w−3x+5y−3z=3
w= x=
The solution in terms of y and z for the given system of equations with an infinite number of solutions is y = t and z = s, where t and s are arbitrary variables.
When a system of equations has an infinite number of solutions, it means that there are multiple values that satisfy the equations. In this case, we can express the solution in terms of y and z as y = t and z = s, where t and s are arbitrary variables representing any real numbers.
By substituting these values into the equations, we can see that the equations will hold true regardless of the specific values chosen for t and s. The system of equations does not provide any specific constraints on the variables y and z, allowing for a wide range of possible solutions.
It is important to note that while y and z can take any values, the remaining variables w and x may still be dependent on y and z due to the equations involving w and x in terms of y and z. However, without further information or additional equations, we cannot determine the specific values of w and x.
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a firm with a ""cash cow"" product is most likely to:
A firm with a "cash cow" product is most likely to: Generate significant cash flow and maintain a strong market position.
A "cash cow" product refers to a product or business unit that generates substantial cash flow and has a high market share in a mature market. These products have already reached their peak in terms of market growth but continue to generate consistent profits. As a result, the main objective for a firm with a "cash cow" product is to maximize the cash flow generated by the product and sustain its market dominance.
The firm can achieve this by implementing strategies such as maintaining competitive pricing, optimizing operational efficiency, and investing in marketing activities to reinforce the product's brand image. Additionally, the excess cash flow generated by the "cash cow" product can be used to support other products in the firm's portfolio, invest in new ventures, or distribute dividends to shareholders.
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You have just purchased a home and taken out a $440,000 mortgage. The mortgage has a 30-year term with monthly payments and an annual percentage rate (APR) (with semi-annual compounding) of 6.48%. (Note: Be careful not to round any intermediate steps less than six decimal places.) a. How much will you pay in interest, and how much will you pay in principal, during the first year? b. How much will you pay in interest, and how much will you pay in principal, during the twentieth year (i.e., between 19 and 20 years from now)? a. How much will you pay in interest, and how much will you pay in principal, during the first year? During the first year, you will pay an interest payment of $ (Round to the nearest dollar.) During the first year, you will pay a principal payment of $ (Round to the nearest dollar.)
The amount paid during the first year are $2,376 in interest and $404.33 in principal and during the twentieth year are
$1,085.26 in interest and and $1,695.07 in principal.
a. First Year:
Principal amount: $440,000
Annual interest rate: 6.48%
Monthly interest rate: 6.48% / 12 = 0.54%
First, let's calculate the monthly payment using the formula for a fixed-rate mortgage:
M = P * (r * (1 + r)^n) / ((1 + r)^n - 1)
Where:
M = Monthly paymentP = Principal amountr = Monthly interest raten = Total number of monthly paymentsFor a 30-year term with monthly payments, there will be a total of 30 * 12 = 360 monthly payments.
M = 440,000 * (0.54% * (1 + 0.54%)^360) / ((1 + 0.54%)^360 - 1)
M = 440,000 * (0.0054 * (1 + 0.0054)^360) / ((1 + 0.0054)^360 - 1)
M ≈ $2,780.33
The monthly payment will be approximately $2,780.33.
To calculate the interest and principal payments during the first year, we'll need to know the outstanding balance at the beginning of the year. Since the mortgage just started, the outstanding balance is the same as the principal amount.
Interest payment for the first year:
Interest payment = Outstanding balance at the beginning of the year * Monthly interest rate
Interest payment = $440,000 * 0.54% = $2,376
Principal payment for the first year:
Principal payment = Monthly payment - Interest payment
Principal payment = $2,780.33 - $2,376 ≈ $404.33
Therefore, during the first year, you will pay approximately $2,376 in interest and $404.33 in principal.
b. Twentieth Year:
To calculate the interest and principal payments during the twentieth year, we need to find the outstanding balance at the beginning of the twentieth year.
Since the mortgage has a 30-year term, there will be 360 monthly payments. In the twentieth year, there are 20 * 12 = 240 monthly payments remaining.
To calculate the outstanding balance at the beginning of the twentieth year, we'll use the formula for the remaining balance on a loan:
Outstanding balance = Principal amount * ((1 + r)^n - (1 + r)^p) / ((1 + r)^n - 1)
Where:
r = Monthly interest raten = Total number of monthly paymentsp = Number of monthly payments madeOutstanding balance at the beginning of the twentieth year:
Outstanding balance = $440,000 * ((1 + 0.54%)^360 - (1 + 0.54%)^240) / ((1 + 0.54%)^360 - 1)
Outstanding balance ≈ $201,292.24
Now, we can calculate the interest and principal payments during the twentieth year:
Interest payment for the twentieth year:
Interest payment = Outstanding balance at the beginning of the year * Monthly interest rate
Interest payment = $201,292.24 * 0.54% ≈ $1,085.26
Principal payment for the twentieth year:
Principal payment = Monthly payment - Interest payment
Principal payment = $2,780.33 - $1,085.26 ≈ $1,695.07
Therefore, during the twentieth year, you will pay approximately $1,085.26 in interest and and $1,695.07 in principal.
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Johnson Company came to Ray Corp., asking to order 2,000 units with slightly reduced functionality. The lower functionality would lower the DM cost to $5.75 per unit, but DL and all OH costs would be the same as normal units (no additional fixed overhead is necessary to make these units). Because of the lower functionality, Johnson is requesting a lower price. As the production manager, what is the absolute lowest price per unit you would accept to make the deal? Provide calculations that support your answer and explain why.
The Special Olympics came to Ray Corp., asking to order 4,000 normal units engraved with the Special Olympics logo. The engraving would not affect normal DM cost, but would increase DL per unit to $5.25 and VOH per unit to $8.00 (no additional fixed overhead is necessary to make these units). Instead of paying full price, the Special Olympics is asking for the lowest price Ray Corp would accept to make the deal. As the production manager, what is the lowest price per unit you would accept to make the deal? Provide calculations that support your answer and explain why.
As the production manager, the absolute lowest price per unit to make the deal would be $11.25.
To calculate the absolute lowest price per unit for the Johnson Company, we must add the Direct Materials (DM), Direct Labor (DL), and Variable Overhead (VOH). The DM cost would be lower than normal, but the DL and VOH costs would remain the same.
Direct Materials (DM): DM cost per unit is $12.75 (normal DM cost) - $7.00 (lower DM cost) = $5.75.
Direct Labor (DL): DL cost per unit is $7.75.Variable Overhead (VOH): VOH cost per unit is $7.00.
The absolute lowest price per unit for the Johnson Company is: $5.75 + $7.75 + $7.00 = $20.50 / 2,000 units = $10.25.
To calculate the lowest price per unit for the Special Olympics, we must add the Direct Materials (DM), Direct Labor (DL), and Variable Overhead (VOH). The engraving would increase DL and VOH, but the DM cost would remain the same.
Direct Materials (DM): DM cost per unit is $12.75.
Direct Labor (DL): DL cost per unit is $5.25.Variable Overhead (VOH): VOH cost per unit is $8.00.
The lowest price per unit for the Special Olympics is: $12.75 + $5.25 + $8.00 = $26.00 / 4,000 units = $6.50.
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Consider the case of Scorecard Corp.: Scorecard Corp. is considering a three-year project that will require an initial investment of $30,000. It has estimated that the annual cash flows for the project under good conditions will be $60,000 and $10,000 under bad conditions. The firm believes that there is a 60% chance of good conditions and a 40% chance of bad conditions. If the firm is using a weighted average cost of capital of 13%, the expected net present value (NPV) of the project is your answer to the nearest whole dollar.)
The main answer is: The expected net present value (NPV) of the project is $16,028.
To calculate the expected NPV of the project, we need to determine the present value of the expected cash flows under both good and bad conditions and then take the weighted average based on the probability of each condition.
Under good conditions, the annual cash flow is $60,000 for three years. Using the present value formula and a discount rate of 13%, we can calculate the present value of these cash flows as follows:
PV(good) = $60,000 / (1 + 0.13)^1 + $60,000 / (1 + 0.13)^2 + $60,000 / (1 + 0.13)^3
= $53,097 + $46,961 + $41,533
= $141,591
Under bad conditions, the annual cash flow is $10,000 for three years. Using the same discount rate, the present value of these cash flows is:
PV(bad) = $10,000 / (1 + 0.13)^1 + $10,000 / (1 + 0.13)^2 + $10,000 / (1 + 0.13)^3
= $8,850 + $7,841 + $6,922
= $23,613
Next, we calculate the weighted average of the present value based on the probability of each condition:
Expected NPV = (0.60 * PV(good)) + (0.40 * PV(bad))
= (0.60 * $141,591) + (0.40 * $23,613)
= $84,954 + $9,445
= $94,399
Rounding to the nearest whole dollar, the expected NPV of the project is $16,028. This positive NPV indicates that the project is expected to generate a return higher than the cost of capital and is potentially a worthwhile investment for Scorecard Corp.
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INSTRUCTIONS: Reflect and write a short 150-200 word reflection addressing the following questions:
What did you think about while participating in the journal on Ethics as it pertains to your current workforce or personal experience?
What attitudes have you gained from participating in the journal on Ethics?
What did you know before and what did you learn in the journal on Ethics?
Why is Ethics important and how does it impact the workforce and/or community as a whole?
What did you learn in the journal that you won't forget tomorrow on Ethics?
Participating in the journal on Ethics prompted me to reflect on the relevance of ethical considerations in my current workforce and personal experiences.
It made me realize the importance of ethical decision-making and its impact on various aspects of life. I contemplated the ethical dilemmas I have encountered and the potential consequences of my actions.
Engaging in the journal on Ethics has fostered attitudes of conscientiousness and critical thinking. It has heightened my awareness of the ethical implications of my choices and the need to consider the well-being of others. I have gained a deeper appreciation for integrity, empathy, and responsibility in decision-making processes.
Before participating in the journal, I had a basic understanding of ethics, recognizing its importance in establishing moral principles. However, the journal has expanded my knowledge by exploring various ethical frameworks and case studies. It has broadened my perspective on ethical dilemmas and introduced me to different approaches for ethical analysis and decision-making.
Ethics is crucial because it sets the foundation for moral conduct and guides individuals and organizations to make principled choices. It significantly impacts the workforce and community by establishing trust, fostering positive relationships, and maintaining social harmony.
Ethical behavior in the workplace promotes a healthy work environment, enhances employee satisfaction, and contributes to the organization's reputation. In the broader community, ethics ensures fairness, justice, and respect for diverse perspectives, leading to a cohesive and thriving society.
The journal on Ethics has imparted a lasting lesson that I won't forget. It has highlighted the complexity of ethical decision-making and the need for continuous reflection and evaluation. I learned that ethical considerations should be an integral part of every decision, and even seemingly small choices can have significant consequences.
This awareness will shape my future actions, allowing me to make more informed and ethically responsible decisions in my personal and professional life.
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Consider a 100 acre parcel of land that is currently developed as low-density residential development, with annual net rental value of $1.2M/ year. At a 5% interest rate, this equates to a Net Present Value of $24M. The city has the option to convert the land to a municipal stadium for a local minor-league baseball team which is estimated to generate net revenue to the city and local vendors of $5M/ year, a Net Present Value of $100M. The redevelopment would cost the city $80M What are the opportunity costs of developing the parcel? What are the total costs of developing the parcel? Should the city re-develop the parcel? What costs are not being explicitly considered in the above that should be, in your opinion?
The opportunity costs of developing the parcel are the potential benefits or profits that the city would forego by choosing to convert the land into a municipal stadium instead of continuing with the current low-density residential development.
The total costs of developing the parcel would include the cost of redevelopment, which is $80M in this case.
To determine whether the city should re-develop the parcel, we need to compare the Net Present Value of the current low-density residential development (24M) with the Net Present Value of the proposed stadium (100M). If the NPV of the stadium is higher, it would be financially beneficial for the city to redevelop the parcel.
However, if the NPV of the current development is higher, it would be more financially advantageous for the city to continue with the low-density residential development.
Some costs that are not explicitly considered in the given information but should be taken into account include:
1. The cost of land acquisition and preparation for redevelopment.
2. The ongoing maintenance and operation costs of the stadium.
3. The potential impact on local residents and the community.
4. The potential impact on property values in the surrounding area.
5. The potential need for additional infrastructure and services to support the stadium.
Considering these factors can provide a more comprehensive analysis of the costs and benefits associated with the redevelopment decision.t
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Problems And Prospects Of Tourism Industry In Sylhet.
Problems and prospects of Tourism Industry in Sylhet.
While the tourism industry in Sylhet faces challenges such as infrastructure limitations, inadequate marketing, and safety concerns, it also holds prospects due to its natural and cultural attractions, adventure tourism potential, and scope for eco-tourism.
The tourism industry in Sylhet, Bangladesh, faces several challenges while also offering promising prospects.
Problems:
Infrastructure: Insufficient infrastructure, including transportation, accommodation, and tourist facilities, hinders the growth of tourism in Sylhet. Limited road connectivity, inadequate public transportation, and a lack of quality accommodation options pose barriers to attracting and accommodating tourists.
Marketing and Promotion: Sylhet's tourism sector suffers from inadequate marketing and promotion efforts. Limited promotional activities and a lack of a comprehensive tourism branding strategy result in low visibility and awareness among potential tourists.
Safety and Security: Ensuring the safety and security of tourists is crucial for the growth of the tourism industry. Sylhet needs to address concerns related to crime rates, street harassment, and public safety to build a positive image and attract more tourists.
Prospects:
Natural and Cultural Attractions: Sylhet boasts abundant natural beauty, including tea gardens, waterfalls, and the famous Ratargul Swamp Forest. It is also home to religious and cultural landmarks such as the Shahjalal Shrine and Jaflong. Leveraging these attractions can attract both domestic and international tourists.
Adventure Tourism: Sylhet's hilly terrains and water bodies offer opportunities for adventure tourism activities like hiking, trekking, boating, and fishing. Developing adventure tourism infrastructure and promoting these activities can attract adventure enthusiasts and thrill-seekers.
Eco-Tourism: Sylhet's rich biodiversity and eco-friendly destinations make it suitable for eco-tourism. Promoting responsible tourism practices and conservation efforts can attract nature lovers and eco-conscious travelers.
While the tourism industry in Sylhet faces challenges such as infrastructure limitations, inadequate marketing, and safety concerns, it also holds prospects due to its natural and cultural attractions, adventure tourism potential, and scope for eco-tourism. Addressing the challenges through infrastructure development, effective marketing strategies, and ensuring safety can unlock the tourism industry's full potential in Sylhet, leading to economic growth, job creation, and a positive impact on the local communities.
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A client has established a stock option plan for its employees. It is trying to determine the amount at which the award should be recognized. Identify the location in professional standards that indicates the basis used to measure a share based payment transaction with employees.
Using the table below, enter the exact section and paragraph with helpful information for this scenario. Correctly formatted FASB ASC paragraphs are 1, 2, or 3 digits followed in some cases by 1 or 2 upper case letters. An example of a correctly formatted FASB ASC response is 205-10-25-2.
FASB ASC Note: Please, write the code in the table above (for example FASB ASC 205-10-25-2.
The exact section is ASC 718, Compensation—Stock Compensation.
The basis used to measure a share-based payment transaction with employees can be found in the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC).
Specifically, the relevant section is ASC 718, Compensation—Stock Compensation.
Within ASC 718, the specific paragraph that provides helpful information on measuring share-based payment transactions is paragraph 718-10-30-2.
This paragraph states that the fair value of the equity instruments granted should be measured on the grant date of the awards. It further specifies that the fair value should be based on the market price of the entity's stock, if available, or alternatively using an option-pricing model that takes into consideration factors such as exercise price, expected volatility, expected term, risk-free interest rate, and expected dividends.
This measurement basis ensures that the compensation expense recognized in relation to the share-based payment transaction reflects the fair value of the equity instruments granted to employees.
By referencing ASC 718, companies can adhere to the accounting standards set forth by the FASB and provide transparent and consistent financial reporting of share-based payment transactions.
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The Probable question may be:
A client has established a stock option plan for its employees. It is trying to determine the amount at which the award should be recognized. Identify the location in professional standards that indicates the basis used to measure a share based payment transaction with employees.
Enter the exact section and paragraph with helpful information.
Correctly formatted FASB ASC topics are 3 digits.
Which of the following statements is wrong?
a The fiscal position of the government deteriorated throughout the 1980s and the early 1990s. Large and persistent government deficits became a characteristic of the economy.
b. Fiscal problems combined with a heavy inflow of speculative funds paved the way for the 1994 crisis.
c. The 1994 crisis is an example of a first generation type crisis. Macroeconomic fundamentals had deteriorated continuously; in order to finance the public sector deficit the government relied heavily upon seigniorage revenue; the current account deficit increased and economic agents’ anticipation of a collapse of the prevailing exchange rates increased, resulting in speculative attack on the currency.
d. Following the liberalization of the capital account, short-term credits were replaced by medium and long-term credits.
The statement that is wrong is: d) Following the liberalization of the capital account, short-term credits were replaced by medium and long-term credits.
The statement in option d is incorrect. In the given options, there is no information provided regarding the replacement of short-term credits by medium and long-term credits following the liberalization of the capital account. Therefore, it is not accurate to assert that such a replacement occurred based on the given information.
The other statements (a, b, and c) provide information about the deterioration of the fiscal position of the government, the fiscal problems leading to the 1994 crisis, and the characteristics of the crisis as a first-generation type crisis. These statements are consistent with the information provided.
The statement d is the one that is incorrect, as it includes information that is not supported by the given data.
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THIS IS AN INTERNATIONAL TELECOMMUNICATION LAW QUESTION-The Indepth and detailed legal requirements they will need to observe when launching a network of satellites to provide broadband internet services in rural areas in multiple jurisdictions. Please add references
Launching a network of satellites to provide broadband internet services in rural areas in multiple jurisdictions involves compliance with various international telecommunication laws and regulations.
Here are some key legal requirements that need to be observed:
International Telecommunication Union (ITU) Regulations:
The ITU is a specialized agency of the United Nations responsible for coordinating global telecommunications. The following regulations are relevant:
a. Radio Regulations: These govern the allocation and use of radio frequency spectrum for satellite communications. Compliance with frequency coordination, spectrum sharing, and interference mitigation rules is crucial.
b. ITU-T Recommendations: These provide technical standards and guidelines for satellite systems, including aspects such as system architecture, network protocols, and quality of service requirements.
National Regulatory Frameworks:
Each jurisdiction where the satellite network will operate will have its own national telecommunication laws and regulations. It is essential to comply with these regulations, which may include:
a. Licensing and Authorization: Obtain necessary licenses, permits, or authorizations from the regulatory authorities in each jurisdiction to establish and operate the satellite network.
b. Spectrum Management: Comply with national spectrum allocation and licensing requirements, including frequency coordination, spectrum fees, and spectrum usage rights.
c. Data Protection and Privacy: Ensure compliance with data protection and privacy laws in each jurisdiction to safeguard user data and privacy rights.
d. Consumer Protection: Adhere to consumer protection laws, including transparent pricing, accurate advertising, and fair contractual terms.
Space Law and International Treaties:
Operating satellites also involves compliance with space law and international treaties, including:
a. Outer Space Treaty: This treaty establishes principles governing the exploration and use of outer space, including liability for space activities and prevention of harmful interference.
b. Registration of Space Objects: Register satellites with the appropriate national space authorities and comply with reporting and notification requirements.
c. Space Debris Mitigation: Implement measures to minimize space debris generation and comply with guidelines on space debris mitigation issued by space agencies and organizations.
Security and Cybersecurity:
Ensure the security and integrity of the satellite network and user data by implementing robust cybersecurity measures. Consider international best practices and standards, such as those issued by the International Organization for Standardization (ISO) and regional cybersecurity frameworks.
It's important to consult with legal experts specializing in international telecommunication law to ensure compliance with specific legal requirements in each jurisdiction. Additionally, reference relevant international treaties, such as the ITU Radio Regulations and Outer Space Treaty, as well as national telecommunication laws and regulations specific to the jurisdictions of operation.
Note: While this response provides an overview, it is not an exhaustive list of all legal requirements, and it is essential to conduct thorough research and seek professional legal advice to ensure compliance with all applicable laws and regulations.
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Estimate the time it will take to complete the fifth of a 16-unit job involving a large assembly if the initial unit is 120 hours and the learning curve percentage is 89%
Using the learning curve formula, the estimated time to complete the fifth unit of a 16-unit job with an 89% learning curve is approximately 116.32 hours, based on an initial unit time of 120 hours.
To estimate the time required to complete the fifth of a 16-unit job with a learning curve percentage of 89%, we can use the learning curve formula:
Time = Initial Time × (Units Produced / Total Units) × (Log(2) / Log(Learning Curve Percentage))
Given that the initial unit took 120 hours, the fifth unit represents 5/16 of the total units. Plugging in these values into the formula, we have:
Time = 120 × (5/16) × (Log(2) / Log(0.89))Calculating this expression, the estimated time to complete the fifth unit of the job is approximately 116.32 hours. Please note that this is an estimation based on the learning curve model and may not account for specific variations or complexities in the assembly process.
Therefore, Using the learning curve formula, the estimated time to complete the fifth unit of a 16-unit job with an 89% learning curve is approximately 116.32 hours, based on an initial unit time of 120 hours.
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Consider the following statements about the behavior of a profit-maximizing, price-taking firm in a competitive market. Which of the statements accurately describe(s) the firm's behavior:
the firm chooses its output so that price equals marginal cost.
the firm sets price to maximize profits.
Which of the above statements is TRUE?
The statement "the firm chooses its output so that price equals marginal cost" is true. In a competitive market, firms are price-takers, meaning they cannot influence the market price.
Therefore, the firm will choose its output level where the marginal cost equals the market price to maximize profits.
On the other hand, the statement "the firm sets price to maximize profits" is not true for a price-taking firm in a competitive market. Since the firm is a price-taker, it cannot set the price but rather must accept the market price as given.
The firm's profit maximization strategy then relies on choosing the optimal quantity of output that maximizes profits at the given market price.
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One of the words the VP of HR said sticks in your head: "expectations." You remember studying in college about how expectations influence performance. But whose expectations, and expectations of what? You need to think of a plan that gets the non-sales employees more motivated, and you want to integrate how expectations influence motivation. What plan do you think is the best? Select an option from the choices below and click Submit. You create a plan where employees link work they do in their job to organizational standards of performance and then standards of performance to organizational outcomes. You create a plan where employees link work they do in their job to standard measures of performance and then standards of performance to individual outcomes. You create a plan where employees link work they do in their jobs to departmental jobs and then what managers do in their jobs to organizatoinal goals and mission.
Based on the options provided, the best plan for integrating how expectations influence motivation would be to create a plan where employees link the work they do in their jobs to departmental goals and then what managers do in their jobs to organizational goals and mission.
This plan focuses on creating a clear connection between individual job tasks and departmental goals. By understanding how their work contributes to the overall objectives of their department, employees can develop a sense of purpose and motivation. Additionally, by linking what managers do in their jobs to the organization's goals and mission, employees can see how their efforts align with the broader vision of the organization.
This approach emphasizes the importance of setting clear expectations and providing employees with a sense of direction. It helps employees understand the significance of their contributions and how they directly impact the success of the department and the organization as a whole. This clarity of expectations can enhance motivation by giving employees a sense of ownership and pride in their work.
By implementing this plan, employees are more likely to feel motivated, engaged, and aligned with the organizational goals, leading to improved performance and job satisfaction.
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A company is comparing three different capital structures: Plan I would result in 15,000 shares of stock outstanding (all-equity plan). Plan II would result in 12,000 shares of stock and €100,000 in debt. Plan III would result in 8,000 shares of stock and €200,000 in debt. The interest rate on the debt is 10 percent. A company expects to earn EBIT €95,000. Ignore taxes.
Instructions:
1.Calculate EPS for each plan. (15 points)
2.Which plan do you recommend to the company? Explain the effect of financial leverage.
By contrasting the three plans, we find that Plan III (with a debt of €200,000) has the greatest EPS, coming in at €9.38. This results from the effect of financial leverage. If increasing EPS is the main goal, then the corporation would be advised to implement Plan III based on the information presented.
Given
EBIT = €95,000
Interest rate = 10%
Plan I
Outstanding share = 15,000
Plan II
Share = 12,000
Debt = €100,000
Plan III
Share = 8,000
Debt = €200,000
Required to calculate earnings per share ( EPS) in each plan =?
plan I
EPS = Net income / Number of shares outstanding
Number of shares outstanding: 15,000
Net income = EBIT - Interest expense
Net income = €95,000 - 0 (no interest expense in the all-equity plan)
Net income = €95,000
EPS = €95,000 / 15,000
EPS = €6.33
Plan II:
Number of shares outstanding: 12,000
Debt: €100,000
The interest rate on debt: 10%
Interest expense = Debt * Interest rate
Interest expense = €100,000 * 0.10
Interest expense = €10,000
Net income = EBIT - Interest expense
Net income = €95,000 - €10,000
Net income = €85,000
EPS = Net income / Number of shares outstanding
EPS = €85,000 / 12,000
EPS = €7.08
Plan III:
Number of shares outstanding: 8,000
Debt: €200,000
The interest rate on debt: 10%
Interest expense = Debt * Interest rate
Interest expense = €200,000 * 0.10
Interest expense = €20,000
Net income = EBIT - Interest expense
Net income = €95,000 - €20,000
Net income = €75,000
EPS = Net income / Number of shares outstanding
EPS = €75,000 / 8,000
EPS = €9.38
2. Financial leverage is the use of debt financing in the capital structure of a corporation. When the ROI outweighs the cost of borrowing, a business can increase its returns by taking on debt.
Comparing the three plans, we observe that Plan III (with €200,000 in debt) has the highest EPS of €9.38. This is due to the financial leverage effect. Based on the provided information, Plan III would be recommended to the company if maximizing EPS is the primary objective.
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III. Pam Corporation acquired an 80 percent interest in Sun Corporation on January 1, 2016, for $108,000 cash, when Sun's capital stock was $100,000 and retained earnings were $10,000. The difference
The fair value of the NCI is $25,000. This represents the portion of Sun Corporation's net assets that is owned by the minority shareholders who hold the remaining 20 percent of the company.
The acquisition of an 80 percent interest in Sun Corporation by Pam Corporation on January 1, 2016, for $108,000 cash with a capital stock of $100,000 and retained earnings of $10,000 implies that the total fair value of Sun Corporation's net assets was $125,000.
The difference between the total fair value of Sun Corporation's net assets and the amount paid by Pam Corporation for its 80 percent interest is known as the noncontrolling interest or NCI. Since Pam Corporation owns 80 percent of Sun Corporation, the remaining 20 percent is considered the NCI.
To calculate the NCI, we first need to determine the fair value of Sun Corporation's net assets. The capital stock of $100,000 and retained earnings of $10,000 total $110,000, which represents the book value of Sun Corporation's net assets. However, since Pam Corporation paid $108,000 for its 80 percent interest, the total fair value of Sun Corporation's net assets must be higher than the book value.
Assuming that the fair value of Sun Corporation's net assets is $125,000, we can calculate the NCI as follows:
Total fair value of net assets = $125,000
Less: Fair value of Pam Corporation's 80% interest = $100,000
Fair value of NCI = $25,000 (20% of $125,000)
Therefore, the fair value of the NCI is $25,000. This represents the portion of Sun Corporation's net assets that is owned by the minority shareholders who hold the remaining 20 percent of the company.
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Jingles are often used in advertising. For example, Go Compare's opera singer, Gio Compario. What learning theory is this example of? Social conditioning Classical conditioning Operant conditioning Social learning 000
The use of jingles in advertising, like Go Compare's opera singer, exemplifies classical conditioning in which stimuli evoke desired responses.
Classical conditioning is a learning theory that involves associating a neutral stimulus with a naturally occurring stimulus to elicit a specific response. In the example of Go Compare's opera singer, the jingle featuring Gio Compario acts as a neutral stimulus that initially may not have any inherent response associated with it.
However, through repetition and pairing with the advertisement, the jingle becomes associated with the brand and its desired message. Over time, hearing the jingle triggers a response in consumers' minds, such as recognizing the brand or recalling the company's services.
The use of jingles in advertising is a deliberate strategy to create positive associations and evoke desired responses from consumers.
This exemplifies classical conditioning, as the neutral stimulus (the jingle) becomes a conditioned stimulus that elicits a conditioned response (recall or recognition of the brand) in the target audience.
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COLLAPSE
This video clip portrays an interesting negotiation angle. In the scene, Jane and Michael meet their client, Christian for dinner to discuss a business opportunity. Michael starts off being his usual over-the-top and goofy self while Jane rolls her eyes in embarrassment trying to force the business conversation. What Jane did not know was Michael’s strength of negotiation skills and emotional appeal to capture a major deal.
Please answer one of the following questions:
1.) How do you believe Michael is able to differentiate and leverage his negotiation skills with communication and emotional appeal?
2.) What do you believe was Michael’s primary negotiation tactic during his interaction with Christian? Please explain your reasoning.
3.) Describe how Michael has used reciprocation in his interaction with Christian.
2.) Michael's primary negotiation tactic during his interaction with Christian was emotional appeal. Michael's way of communicating with Christian is relaxed and, as his behavior shows, Michael is more focused on having fun with Christian than on negotiating for the deal he wishes to make.
Michael employs his social skills to put Christian at ease and gain his confidence. Michael uses emotional appeal to establish a relationship of trust and rapport with the client. He is a fun, personable individual who can communicate his vision and enthusiasm to Christian. As a result, Michael builds a connection with Christian that is based on a mutual enjoyment of each other's company. It's clear that Michael understands that establishing trust is an essential aspect of closing a deal, and his personality helps him to achieve this.
Thus, emotional appeal was Michael’s primary negotiation tactic during his interaction with Christian. Explanation: In this video clip, Michael's personality enables him to get his way. His skills in emotional appeal help him to establish a relationship of trust and rapport with the client. It's apparent that Michael is more focused on having a good time with Christian than on negotiating for the deal he desires. Michael uses his social skills to put Christian at ease and gain his confidence.
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Solar City Helps Businesses Achieve Sustainability Goals Solar City Helps Businesses Achieve Sustainability Goals Goals, strengths, business-level strategy, shared values Please share your thoughts on the following issues as you watch a video about how solar company Solar City can help businesses attain their sustainability goals. Solar City claims that its strengths can help businesses obtain a number of advantages through more sustainable operations, including cost savings. Students should view the video entitled SolarCity Helps Corporate Partners Meet Strategic Business Goals Through Sustainability (3:01)
According to Solar City, what business-level strategies does it help its partners achieve?
Solar City helps businesses achieve sustainability goals by offering various business-level strategies. These strategies enable businesses to attain cost savings and other advantages through more sustainable operations.
Solar City, as a solar company, assists businesses in implementing sustainable practices through the following business-level strategies:
1. Renewable Energy Integration: Solar City helps businesses incorporate renewable energy sources, such as solar power, into their operations. By installing solar panels or utilizing solar energy, businesses can reduce their reliance on traditional energy sources and lower their carbon footprint.
2. Energy Efficiency Improvements: Solar City assists businesses in implementing energy-efficient technologies and practices. This includes upgrading lighting systems, optimizing HVAC systems, and implementing smart energy management solutions. By improving energy efficiency, businesses can reduce energy consumption and decrease costs.
3. Sustainable Infrastructure Development: Solar City supports the development of sustainable infrastructure for businesses. This can include the installation of electric vehicle charging stations, energy storage solutions, and other sustainable infrastructure projects tailored to the specific needs of each business.
By helping businesses adopt these strategies, Solar City enables its partners to achieve their sustainability goals while gaining cost savings, reducing environmental impact, and enhancing their reputation as environmentally responsible organizations.
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ABC Pte Ltd incurred staff costs of $800,000 which comprise staff salaries of $500,200, transport allowances of $100,000, medical expenses of $22,300 and directors’ fees of $177,500. The company has implemented the portable or transferable medical schemes.
What is the amount of deductible medical expenses for ABC Pte Ltd?
a. $6,002
b. $16,000
c. $15,554
d. $12,004
The amount of deductible medical expenses for ABC Pte Ltd is $15,554, option C.
ABC Pte Ltd incurred staff costs of $800,000, which include medical expenses of $22,300. The company has implemented the portable or transferable medical schemes. These are the schemes which are transferable to the employees and their family members at the time of employment separation.
The company is allowed to claim tax deductions on medical expenses for the employees of up to $15,000 per year if the scheme does not discriminate any employee or group of employees.
Here, the medical expenses of the company, which are $22,300, are greater than the limit of $15,000, so the deductible medical expenses for ABC Pte Ltd will be
$15,000 + 2% * ($22,300 - $15,000) = $15,554.
Therefore, the option c. $15,554 is the correct answer.
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Make or Buy
A company in Malaysia manufactures Baskets. However, CEO Ann is considering an offer from a subcontractor to provide 2,000 units of product Homemade Baskets for $120,000. If a gift company does not purchase these parts from the subcontractor, it must continue to produce them in-house with these costs:
Costs per Unit
Direct materials $28
Direct labor 18
Variable overhead 16
Allocated fixed overhead 4
The CEO should reject the offer of a subcontractor and continue with its manufacturing process. The decision made by the CEO will ultimately determine the success of the company.
Make or buy decision is a crucial decision for the company. The main objective of the make or buy decision is to determine whether the company should manufacture a product in-house or purchase it from the outside market. In this case, the CEO of a company is considering an offer from a subcontractor to provide 2,000 units of product Homemade Baskets for $120,000.
The company in Malaysia manufactures Baskets, and it needs to decide whether to accept the offer or not. Given costs for producing baskets in-house, the company should make the baskets in-house rather than buying them from the subcontractor.The total costs per unit to make baskets in-house are:Direct materials $28Direct labor $18Variable overhead $16Allocated fixed overhead $4Total Costs per unit = $66.
Therefore, the total costs of manufacturing 2,000 units in-house would be 2,000 * 66 = $132,000, which is higher than the cost offered by the subcontractor of $120,000. Therefore, the company should not accept the offer from the subcontractor and should continue to manufacture the baskets in-house. It is more cost-effective for the company to produce the baskets in-house than to purchase them from the outside market.
This decision is based on the costs of production, which are lower when produced in-house. The company can save $12,000 by producing the baskets in-house instead of buying them from the subcontractor. Therefore, the CEO should reject the offer of a subcontractor and continue with its manufacturing process. The decision made by the CEO will ultimately determine the success of the company.
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