According to the question of equation , the market demand curve equation is P = 57.24.
To find the market demand curve equation in the form P = a - bQ, we can use the two given price and quantity combinations.
Let's consider the first combination: (Q=38, P=51)
Substituting these values into the equation, we get: 51 = a - b * 38
Now, let's consider the second combination: (Q=338, P=3)
Substituting these values into the equation, we get: 3 = a - b * 338
We now have a system of two equations:
51 = a - 38b
3 = a - 338b
To solve this system of equations, we can subtract the second equation from the first equation:
(51 - 3) = (a - 38b) - (a - 338b)
48 = 300b
Dividing both sides by 300, we find:
b = 48/300
b = 0.16
Substituting the value of b into one of the original equations, we can solve for a:
51 = a - 38 * 0.16
51 = a - 6.08
a = 57.08
Therefore, the market demand curve equation is P = 57.08 - 0.16Q, and a + b = 57.08 + 0.16 = 57.24.
To learn more about demand curve
https://brainly.com/question/29434176
#SPJ11
(Measuring growth) Groen Gadgets ine, is tying to decide whather io out its expected dividend for nent yoar lrom $9 per thace is 56 per thare in ordet to have more money to itrvest in new projects. If it does not cut the dividend. Green Gadgels' expectad raie of growth in didends is 5 percent per year and the price of their common stock will be 390 per thare. Howtver, if it auts ith dividend, the dividend growth rate is elpecied to rine to 8 percect in the fiaze. Assuming that the investar's required rete of retum lor Creen Gadgeta' stock does not chango, what would you expect b happen to the price of ts common stock if it cuts the dividend ta 56 ? Should Genen Gedprts cit its tivideno? Support your answer as bect you can. a. What is the investor's roquired nate of resun lor Greer Gadyetr' stock? \%. (Round to two decimal places)
If Green Gadgets cuts its dividend to $56 per share, the stock price would become negative. Therefore, it is not advisable for Green Gadgets to cut its dividend.
We need to use the dividend discount model (DDM) in order to figure out the investor's required rate of return for Green Gadgets stock. The stock price is determined by the DDM by calculating the present value of all anticipated future dividends.
The following is the DDM's formula:
The required rate of return can be found by dividing the dividend by the required rate of return divided by the dividend growth rate.
The dividend is $9 per share, and the dividend growth rate is 5%. The stock price is $390 per share.
$390 = $9 / (Required Rate of Return - 0.05) Now, let's find the required rate of return by resolving the following equation:
Required Rate of Return - 0.05 = $9 / $390 Required Rate of Return - 0.05 = 0.0231 (rounded) Required Rate of Return = 0.0231 + 0.05 Required Rate of Return 0.0731 or 7.31 percent (rounded to the nearest two decimal places) As a result, the investor's required rate of return for Green Gadgets' stock is roughly 7.31 percent.
Let's now determine whether or not Green Gadgets ought to reduce its dividend to $56 per share. The dividend growth rate is anticipated to rise to 8% in the event that Green Gadgets decides to reduce the dividend.
Using the new values and the same formula:
The following equation can be used to solve for the stock price:
Stock Price $56 / (-0.0069) Since the denominator is negative, we can conclude that if Green Gadgets reduces its dividend to $56 per share, the stock price will become negative. Green Gadgets should not reduce its dividend because a negative stock price makes no sense.
In conclusion, the calculations indicate that the stock price would fall to zero if Green Gadgets decreased its dividend to $56 per share. Therefore, Green Gadgets should not reduce its dividend.
To know more about Stock, visit
brainly.com/question/29724384
#SPJ11
southwest airlines illustrates the application of "lean principles" when it
Southwest Airlines illustrates the application of "lean principles" when it focuses on streamlining operations, reducing waste, and continuously improving efficiency.
Southwest Airlines is known for its successful implementation of lean principles in its operations. Lean principles are derived from the Toyota Production System and aim to eliminate waste, improve productivity, and enhance customer value. Southwest Airlines applies these principles by focusing on efficiency, cost reduction, and continuous improvement.
One way Southwest Airlines exemplifies lean principles is through its emphasis on operational efficiency. The company strives to minimize non-value-added activities and eliminate wasteful practices. For instance, Southwest has a standardized fleet of aircraft, allowing for easier maintenance, training, and reduced costs associated with spare parts. The airline also adopts a point-to-point routing system, which eliminates the need for connecting flights, reduces turnaround times, and improves overall operational efficiency.
Additionally, Southwest Airlines places a strong emphasis on employee involvement and empowerment. This approach aligns with the lean principle of continuous improvement, as it encourages employees to identify and address operational inefficiencies. Southwest empowers its employees to make decisions and contribute ideas for process improvements, resulting in better customer service, reduced costs, and enhanced productivity.
By applying lean principles, Southwest Airlines optimizes its operations, eliminates waste, and maintains a customer-centric focus. This enables the airline to provide affordable fares, efficient service, and a positive travel experience for its passengers.
Learn more about lean principles here:
https://brainly.com/question/32095050
#SPJ11
Suppose that you have the option to lease a new car, which you can otherwise purchase for $21,000. The lease terms: $3000 down and paymenty of $305 per month for 48 months, at the beginning of each month. Upon termination, you can purchase the car for an additional payment of $7000 at lease expiration. If your financing rate is 8% APR, and you intend to finance the purchase of the car, how much do you gain (+) or lose (−) by buying the car instead of using the lease-purchase option?
You would gain $9,708.90 by buying the car instead of using the lease-purchase option.The cost of buying the car immediately is $21,000. If you decide to use the lease-purchase option, you will pay $3,000 upfront and $305 per month for 48 months.
In addition, at the lease expiration, you have to pay an additional $7,000 to purchase the car.
The total cost of the lease-purchase option is:
$3000 + $305 x 48 + $7,000 = $23,240
To determine how much you gain or lose by buying the car instead of using the lease-purchase option, you need to find the present value of the lease-purchase option. You can use the following formula:
PV = [tex]C * [(1 - (1 + r)^-n) / r] + M * (1 + r)^-n[/tex]
where:
C = regular payment
r = interest rate per period
n = total number of periods
M = purchase price at lease expiration
Using the formula with the given values, you get:
PV = $305 * [tex][(1 - (1 + 0.08/12)^-48) / (0.08/12)] + $7,000 * (1 + 0.08/12)^-48[/tex]
PV = $11,291.10
Therefore, the amount you gain or lose by buying the car instead of using the lease-purchase option is:
Gain or loss = $21,000 - $11,291.10
Gain or loss = $9,708.90
You would gain $9,708.90 by buying the car instead of using the lease-purchase option.
To know more about lease visit-
brainly.com/question/28031283
#SPJ11
If $88,000 is invested in an annuity that earns 5.4%, compounded quarterly, what payments will it provide at the end of each quarter for the next
7
1
2
years? (Round your answer to the nearest cent.)
The annuity with an initial investment of $88,000, earning 5.4% interest compounded quarterly, will provide payments at the end of each quarter for the next 7 1/2 years.
To calculate the payments, we can use the formula for the future value of an annuity. The future value (FV) of an annuity is given by the formula: [tex]FV = P * [(1 + r)^{n - 1} ] / r[/tex].Where: P=Payment per period, r=Interest rate per period ,n=Number of periods
In this case, we have the future value (FV) of $88,000, the interest rate (r) of 5.4% per quarter, and the number of periods (n) of 7 1/2 years, which is equivalent to 30 quarters. We need to solve for the payment per period (P).
Substituting the known values into the formula, we can calculate the payment per quarter that the annuity will provide for the next 7 1/2 years.
Learn more about investment here:
https://brainly.com/question/17252319
#SPJ11
Which of the following below generally is the most useful in analyzing companies of different sizes?
a. Comparative statements.
b. Common-sized financial statements.
c. Price-level accounting.
d. Audit report.
The most useful tool in analyzing companies of different sizes is b) Common-sized financial statements.
Common-sized financial statements provide a way to compare companies of different sizes by expressing financial data as percentages. This allows for a standardized comparison of financial information, making it easier to identify trends and patterns across companies.
By presenting financial data as a percentage of a common base, such as total assets or net sales, common-sized financial statements eliminate the bias that can arise from absolute values. This enables analysts to focus on the relative proportions of different line items and assess the company's performance in relation to its size.
Therefore, the correct answer is b) Common-sized financial statements.
You can learn more about Common-sized financial statements. at
https://brainly.com/question/30640499
#SPJ11
Wellness Corporation reports the following results in the current year:
Gross income from operations $150,000
Dividends from 15%-owned Domestic Corporation $50,000
Expenses $155,000
What is Wellness’s taxable income?
Wellness Corporation's taxable income can be calculated by subtracting expenses from the gross income from operations and adding the dividends from the 15%-owned Domestic Corporation. In this case, the taxable income is $45,000.
To calculate Wellness Corporation's taxable income, we need to consider the gross income from operations, dividends from the 15%-owned Domestic Corporation, and expenses.
The gross income from operations is $150,000, and the dividends from the 15%-owned Domestic Corporation are $50,000.
Subtracting the expenses of $155,000 from the sum of the gross income and dividends ($150,000 + $50,000), we find that Wellness Corporation's taxable income is -$5,000.
It's important to note that a negative taxable income suggests a loss for the current year, which may have implications for tax purposes.
Learn more about income here;
https://brainly.com/question/28390284
#SPJ11
the costellation viewed directly overhead at midnight changes throughout the year because
the Earth's axial tilt and its orbit around the Sun cause the apparent position of stars and constellations to shift throughout the year. This phenomenon is known as the Earth's precession and axial precession.
The Earth's axis is tilted at an angle of approximately 23.5 degrees relative to its orbital plane. As the Earth revolves around the Sun, this tilt causes different regions of the sky to be visible at different times of the year. At midnight, the position of the constellations directly overhead depends on the time of year. As the Earth orbits the Sun, it goes through different seasons: spring, summer, autumn, and winter. During each season, the night sky appears different due to the changing position of the Earth in its orbit and the corresponding view of the stars and constellations.
For example, during the northern hemisphere's summer, the Earth's tilt points the North Pole towards the Sun, resulting in longer daylight hours and shorter nights. Consequently, at midnight, the constellations visible directly overhead are different compared to those seen during winter when the North Pole is tilted away from the Sun.
Additionally, the phenomenon of precession causes the positions of stars and constellations to slowly shift over very long periods of time (around 26,000 years). This means that the positions of constellations at midnight change gradually over the centuries, creating a phenomenon known as the precession of the equinoxes.
In summary, the changing position of the Earth in its orbit around the Sun and its axial tilt cause the constellations viewed directly overhead at midnight to change throughout the year.
learn more about overhead here :
https://brainly.com/question/28528644
#SPJ11
Kafue Company has faced a challenging year due to increased competition. Kafue has a year end of 30 September 2020. The draft financial statements report an operating loss. In addition to this, debt covenant limits based on gearing are close to being breached and the company is approaching its overdraft limit. On 27 September 2020, Kafue’s finance director asked the accountant to record a cash advance of K3m received from a customer, Buddy Company, as a reduction in trade receivables. Buddy Co is solely owned by Kafue’s finance director. The accountant has seen an agreement signed by both companies stating that the K3m will be repaid to Buddy in four months’ time. The finance director argues that the proposed accounting treatment is acceptable because the payment has been made in advance in case Buddy wishes to order goods in the next four months. However, the accountant has seen no evidence of any intent from Buddy to place orders with Kafue. The accountant has been in her position for only a few months and the finance director has recently commented that ‘all these accounting treatments must be made exactly as I have suggested to ensure the growth of the business and the security of all our jobs’. Both finance director and accountant are qualified accountants.
Required Discuss the ethical issues and accounting issues arising from the scenario, including any actions which the accountant should take to resolve the issue.
There are several ethical issues at play in the scenario described above. Firstly, the finance director is requesting that a cash advance received from a related party be recorded as a reduction in trade receivables, which would have the effect of artificially improving the company's financial position.
This is concerning as it could mislead stakeholders who rely on the financial statements to make decisions about the company.
In addition, the finance director's comment regarding the necessity of following his suggested accounting treatments suggests that he may be pressuring the accountant to act unethically. This could potentially compromise the accountant's independence and objectivity.
The lack of evidence of any intent from Buddy Company to place orders with Kafue also raises red flags. It is possible that the finance director is attempting to manipulate the financial statements to avoid breaching debt covenant limits or overdraft limits, which could have serious consequences for the company's future viability.
As qualified accountants, both the finance director and the accountant have a professional responsibility to act in the best interests of the company and its stakeholders. They should ensure that the financial statements accurately reflect the company's financial position and performance, and should not engage in unethical or fraudulent behavior.
The accountant should raise her concerns with the finance director and seek guidance from the company's audit committee or external auditors if necessary. If the finance director continues to pressure the accountant, she may need to consider escalating the issue to senior management or the board of directors. Ultimately, the accountant should prioritize her professional ethics and integrity, even if this means putting her job at risk.
learn more about finance director here
https://brainly.com/question/33240073
#SPJ11
The at least whole number of months it takes an investment to increase by 10% at 2.25% APR compounding 5 times annually is (A)52 (B)49 (C)53 (D)23 (E)22 (F)None of above
Option c is correct. The whole number of months it takes for an investment to increase by 10% at an annual percentage rate (APR) of 2.25%, compounded 5 times annually, is 53 months.
To calculate the number of months it takes for an investment to increase by 10%, we need to consider the compounding frequency. In this case, the investment is compounded 5 times annually.
We can use the formula for compound interest:
A = P(1 + r/n)^(nt)
Where:
A is the future value of the investment
P is the principal amount
r is the annual interest rate (in decimal form)
n is the number of times interest is compounded per year
t is the number of years
In this scenario, we want to find the number of months it takes for the investment to increase by 10%, so the future value (A) will be 1.10 times the principal amount (P).
1.10 = P(1 + 0.0225/5)^(5t)
Simplifying the equation and solving for t, we find:
t ≈ 52.786
Since we are looking for a whole number of months, we round up to 53 months. Therefore, the answer is (C) 53.
Learn more about investment from here:
https://brainly.com/question/30105963
#SPJ11
Which of the following business structures would be ideal for an entrepreneur who doesn't have their own money to spend on a business venture?
a) Sole proprietorship
b) Partnership
c) Corporation
d) Conglomerate
For an entrepreneur who lacks personal funds for a business venture, a sole proprietorship or partnership would be a more suitable option compared to a corporation or conglomerate. A sole proprietorship allows for individual ownership and full control over the business, while a partnership enables collaboration with one or more individuals who can contribute capital and resources.
a) Sole proprietorship: This business structure is ideal for an entrepreneur without personal funds as it allows them to start and operate a business solely under their ownership. The entrepreneur can use personal savings or obtain loans to finance the venture. While the entrepreneur assumes full control and responsibility, they also bear unlimited personal liability for any debts or legal issues.
b) Partnership: In a partnership, two or more individuals join forces to establish and run a business. This structure is beneficial for an entrepreneur without personal funds, as they can seek partners who can contribute the necessary capital and resources. By sharing the financial burden, the entrepreneur gains access to funds without solely relying on their own resources. Partnerships can be structured in various ways, such as general partnerships or limited partnerships, offering flexibility in terms of decision-making authority and liability distribution.
c) Corporation: A corporation is a separate legal entity from its owners, and it requires substantial capital to establish and operate. Shareholders invest in the company by purchasing shares, and ownership and control are divided among them. Starting a corporation without personal funds can be challenging as it typically involves a more complex and expensive setup, such as filing fees, legal documentation, and ongoing compliance requirements. Therefore, it may not be an ideal option for an entrepreneur with limited financial resources.
d) Conglomerate: A conglomerate is a large corporation that operates multiple businesses in different industries. It involves significant capital investment and diversification across various sectors. Starting a conglomerate without personal funds would be highly improbable, as it requires substantial financial resources, extensive market knowledge, and management expertise. It is not a practical choice for an entrepreneur lacking personal funds to initiate a business venture.
In conclusion, a sole proprietorship or partnership would be a more suitable business structure for an entrepreneur who doesn't have their own money to spend on a business venture. These structures allow for flexibility and collaboration in terms of capital contribution and decision-making, enabling the entrepreneur to leverage the resources and financial support of others while maintaining varying degrees of control over the business.
Learn more about entrepreneur here:
brainly.com/question/31104672
#SPJ11
"
A firm has a book value of equity of $400 million and a required
return on equity of 10%. Suppose you forecast residual earnings of
this firm to be $80 million and $100 million for each of the next
The forecasted residual earnings for the firm are $80 million and $100 million for the next two periods.
The firm has a book value of equity of $400 million and a required return on equity of 10%, the residual earnings represent the earnings generated by the firm in excess of its required return on equity. Residual earnings are calculated by subtracting the required return on equity from the firm's net income.
For the next two periods, the forecasted residual earnings are $80 million and $100 million. These figures indicate the expected earnings above the required return on equity that the firm is projected to generate in those periods.
Residual earnings are important for assessing a firm's performance and value creation beyond its book value of equity. They provide insights into the firm's ability to generate returns above its cost of capital and create shareholder value.
learn more about "equity ":- https://brainly.com/question/11556132
#SPJ11
Finance consists of both the accounting and financial management functions. Which of the following statement(s) is incorrect related to the two disciplines mentioned? The two disciplines are independent. Financial management provides the theory, concepts, and tools nęcessary to help managers make better financial decisions. The purpose of accounting is to create and provide interested parties useful information about an organization's operations and financial status. Financial management consists of planning, controlling, organizing and directing, and decision-making.
Accounting and financial management are interdependent functions. Financial management aids decision-making, while accounting provides information about an organization's operations and financial status to support financial management.
The statement that is incorrect related to the two disciplines mentioned is: "The two disciplines are independent." In reality, accounting and financial management are interdependent functions within an organization. Financial management provides the theory, concepts, and tools for better financial decision-making, including planning, controlling, organizing, directing, and decision-making processes.
Accounting's purpose is to create and provide useful information about an organization's operations and financial status. The two disciplines work together to support the organization's financial well-being, with financial management relying on accounting information for decision-making, planning, and control.
Therefore, Accounting and financial management are interdependent functions. Financial management aids decision-making, while accounting provides information about an organization's operations and financial status to support financial management.
To learn more about financial management click here
brainly.com/question/32518499
#SPJ11
You have just been hired to the Senior Accountant position for Fitchtown LLC. During your first month in your new role, you will be completing a full accounting cycle for the month. You are the supervision Pat Simons, and you request to review the work since you are new to the position and not familiar with Pat’s abilities.
To get you started in your new role, Pat Simons has asked you to review necessary journal entries (JEs) and T account postings for the following transactions, which occurred in the month just ended. Use a perpetual inventory system. The debits and credits should equal and the entries should have proper impact on the accounts that are being used. The journal entries should be written in proper format. The accounts should not be abbreviated. Ensure that the entries are properly formatted with the names of the credited accounts indented and the proper description shown. Review the associated T accounts and ensure that the journal entries are properly posted to the T accounts.
Fitchtown LLC operates with monthly accounting periods. All of the company's accounting work is completed through the end of April, and its ledgers show April 30 balances. Terms for all credit sales are 2/10, n/30, unless otherwise stated.
May
1
Issued Check No. 3410 to Q&R Management Co. in payment of the May rent, $3,710. (Use two lines to record the transaction. Charge 80% of the rent to Rent Expense—Selling Space and the balance to Rent Expense—Office Space.)
2
Sold merchandise on credit to Cole Company, Invoice No. 8785, for $6,100 (cost is $4,100).
2
Issued a $175 credit memorandum to Mercer Co. for defective (worthless) merchandise sold on April 28 and returned for credit. The total selling price (gross) was $4,725.
3
Received a $798 credit memorandum from Preston Products for the return of merchandise purchased on April 29.
4
Purchased the following on credit from Davis Supply Co.: merchandise, $37,072; store supplies, $574; and office supplies, $83. Invoice dated May 4, terms n/10 EOM.
5
Received payment from Mercer Co. for the balance from the April 28 sale less the May 2 return and the discount.
8
Issued Check No. 3411 to Preston Products to pay for the $7,098 of merchandise purchased on April 29 less the May 3 return and a 2% discount.
9
Sold store supplies to the merchant next door at their cost of $350 cash.
10
Purchased $4,074 of office equipment on credit from Davis Supply Co., invoice dated May 10, terms n/10 EOM.
11
Received payment from Cole Company for the May 2 sale less the discount.
11
Purchased $8,800 of merchandise from Henley, Inc., invoice dated May 10, terms 2/10, n/30.
12
Received an $854 credit memorandum from Davis Supply Co. for the return of defective office equipment received on May 10.
15
Issued Check No. 3412, payable to Payroll, in payment of sales salaries, $5,320, and office salaries, $3,150. Cashed the check and paid the employees.
15
Cash sales for the first half of the month are $59,220 (cost is $38,200). (Cash sales are recorded daily but are recorded only twice here to reduce repetitive entries.)
16
Sold merchandise on credit to Cole Company, Invoice No. 8786, for $3,990 (cost is $1,890).
17
Purchased $13,650 of merchandise from Summit Corp., invoice dated May 14, terms 2/10, n/60.
19
Issued Check No. 3413 to Henley, Inc., in payment of its May 10 invoice less the discount.
22
Sold merchandise to Crane Services, Invoice No. 8787, for $6,850 (cost is $4,990), terms 2/10, n/60.
23
Issued Check No. 3414 to Summit Corp. in payment of its May 14 invoice less the discount.
24
Purchased the following on credit from Davis Supply Co.: merchandise, $8,120; store supplies, $630; and office supplies, $280. Invoice dated May 24, terms n/10 EOM.
25
Purchased $3,080 of merchandise from Preston Products, invoice dated May 23, terms 2/10, n/30.
26
Sold merchandise on credit to Crank Corp., Invoice No. 8788, for $14,210 (cost is $8,230).
26
Issued Check No. 3415 to Perennial Power in payment of the May electric bill, $1,283.
29
The owner Jenny Spark, used Check No. 3416 to withdraw $7,000 cash from the business for personal use.
30
Received payment from Crane Services for the May 22 sale less the discount.
30
Issued Check No. 3417, payable to Payroll, in payment of sales salaries, $5,320, and office salaries, $3,150. Cashed the check and paid the employees.
31
Cash sales for the last half of the month are $66,052 (cost is $42,500).
As a senior accountant for Fitchtown LLC, my duty in my first month would be to complete the full accounting cycle for the month. Since I'm new to the position and not familiar with my supervisory skills, I request to review the work completed by Pat Simons to ensure everything is in order.
To begin with, my first step would be to examine the ledger balances. The ledger balances are the cumulative balance of all the transactions that took place during the month of April. After examining the ledger balances, my next step would be to prepare an unadjusted trial balance. This is the listing of all the accounts in the ledger with their balances.
The purpose of this trial balance is to check if the debits equal the credits, which would mean that all transactions are recorded correctly in the ledger. Then, I would record the adjusting entries. Adjusting entries are the entries made at the end of the accounting period to update the accounts to their correct balance.
After recording the adjusting entries, my next step would be to prepare the adjusted trial balance. This trial balance shows the final balances of all the accounts in the ledger after the adjusting entries have been made. This trial balance is used to prepare the financial statements.
In conclusion, my primary responsibility as a senior accountant for Fitchtown LLC would be to complete the full accounting cycle for the month. I would do this by examining the ledger balances, preparing the unadjusted trial balance, recording the adjusting entries, preparing the adjusted trial balance, and preparing the financial statements.
To know more about supervisory visit:
https://brainly.com/question/32191162
#SPJ11
Albeer company had the following transactions for Job order 101 during its first month of operations: 1. Purchased raw materials on account, $30,000. 2. Raw Materials of $20,000 were used in the factory. An analysis of the materials usage indicated that $5,000 was classified as indirect materials. 3. Factory labor costs incurred were $30,000 of which $20,000 pertained to factory wages payable and $10,000 pertained to employer payroll taxes payable. 4. Time tickets indicated that $25,000 was direct labor and $5,000 was indirect labor. 5. Other overhead costs incurred on account were $40,000. 6. All the total of manufacturing overhead was applied. Based on above, the journal entry for transaction number 6 would be: A. Work in Process Inventory account is debited by 40,000 \&Manufacturing Overhead account is credited by 40,000 B. Manufacturing Overhead account is debited by 40,000 \&Work in Process Inventory account is credited by 40,000 C. Work in Process Inventory account is debited by 50,000 \&Manufacturing Overhead account is credited by 50,000 D. Manufacturing Overhead account is debited by 50,000 \&Work in Process Inventory account is credited by 50,000
The correct answer is B. Manufacturing Overhead account is debited by $40,000 and Work in Process Inventory account is credited by $40,000.
In job order costing, costs are accumulated by job or work order. The total cost of a job includes direct materials, direct labor, and manufacturing overhead. Direct materials and direct labor are generally traced directly to each job, while manufacturing overhead costs are allocated to each job based on a predetermined overhead rate.
In this case, the following costs were incurred for Job order 101:
Purchased raw materials on account, $30,000.
Raw Materials of $20,000 were used in the factory. An analysis of the materials usage indicated that $5,000 was classified as indirect materials.
Factory labor costs incurred were $30,000 of which $20,000 pertained to factory wages payable and $10,000 pertained to employer payroll taxes payable. Time tickets indicated that $25,000 was direct labor and $5,000 was indirect labor.
Other overhead costs incurred on account were $40,000.
All the total of manufacturing overhead was applied.
To record the application of manufacturing overhead costs to Job order 101, the Manufacturing Overhead account should be debited and the Work in Process Inventory account should be credited. The journal entry would be:
Debit: Manufacturing Overhead account $40,000
Credit: Work in Process Inventory account $40,000
This entry reflects the allocation of manufacturing overhead costs to Job order 101. The credit to Work in Process Inventory increases the balance of that account, reflecting the fact that more costs have been assigned to that job. The debit to Manufacturing Overhead reduces the balance of that account, reflecting the fact that some of the overhead costs have been allocated to the job.
learn more about Inventory here
https://brainly.com/question/31146932
#SPJ11
Apex Fitness Club uses straight-line depreciation for a machine costing $23,550, with an estimated four-year life and a $1,950 salvage value. At the beginning of the third year, Apex determines that the machine has three more years of remaining useful life, after which it will have an estimated $1,500 salvage value.
1. Compute the machine’s book value at the end of its second year.
2. Compute the amount of depreciation for each of the final three years given the revised estimates.
Book Value at the End of Year 2:CostAccumulated depreciation 2 yearsBook value at point of revision
Revised Depreciation (Years 3-5)Book value at point of revisionRevised salvage valueRemaining depreciable costYears of life remainingRevised annual depreciation years 3-5
According to the question 1. The book value of the machine at the end of its second year is $19,650 , 2. The revised annual depreciation for each of the final three years is $2,850.
1. To calculate the book value at the end of the second year, we subtract the accumulated depreciation after 2 years from the original cost:
Book value at the end of Year 2 = Cost - Accumulated depreciation after 2 years
Book value at the end of Year 2 = $23,550 - ($23,550 / 4 * 2) = $19,650
2. To calculate the revised annual depreciation for each of the final three years, we need to consider the remaining depreciable cost and the remaining years of useful life:
Revised annual depreciation (Years 3-5) = Remaining depreciable cost / Remaining years of useful life
Remaining depreciable cost = Book value at the point of revision - Revised salvage value
Remaining depreciable cost = $19,650 - $1,500 = $18,150
Remaining years of useful life = 3 years
Revised annual depreciation (Years 3-5) = $18,150 / 3 = $2,850
Therefore, the book value at the end of the second year is $19,650, and the revised annual depreciation for each of the final three years is $2,850.
To know more about cost visit -
brainly.com/question/31467105
#SPJ11
Identify and evaluate Pixar's competitive advantages and disadvantages, along with the sustainability of any advantages based on 4 attributes: Is a Resource or Capability 1) Valuable? 2) Rare? 3) Difficult to imitate or copy 4) Difficult to substitute?
Pixar Animation Studios is a renowned computer-animated film company headquartered in Emeryville, California, USA. It was created in 1979 as a Graphics Group and was later rebranded as Pixar. Pixar has a solid reputation for producing top-quality computer-animated films.
Pixar's competitive advantages are discussed below:Valuable Resource or CapabilityThe company has a plethora of valuable resources and capabilities that it uses to its advantage. Pixar is well-known for its storytelling skills, which it employs in all of its films. Its animation technology is cutting-edge and unrivaled, and it has an outstanding technical workforce that excels at developing exceptional computer-generated imagery.
Rare Resource or CapabilityPixar's competencies and capabilities are unrivaled and cannot be matched by any other firm. Their expertise in storytelling, graphics, and computer animation are all exceptional. Pixar is the only firm that has been able to consistently create successful computer-animated films that appeal to people of all ages. Because of the rarity of Pixar's resources and capabilities, the firm is at an advantage over its competitors.
Difficult to Imitate or CopyPixar's core competencies and capabilities are difficult to replicate, imitate, or copy. Pixar has a long-standing tradition of excellence and innovation in the computer animation sector. The company's unique culture, values, and approach to filmmaking set it apart from the competition, making it difficult for others to copy or replicate.
Pixar’s competitive advantages are sustainable and make it difficult for competitors to catch up or replicate its success. The company's exceptional storytelling, cutting-edge animation technology, and exceptional technical workforce set it apart from the competition. Pixar's resources and competencies are valuable, rare, difficult to imitate or copy, and difficult to substitute.
To know more about animation visit:
brainly.com/question/29996953
#SPJ11
On June 30, 2020, Stellar Company issued $4,380,000 face value of 14%20-year bonds at $5,039,020, a yield of 12%Stellar uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31
( a) Your answer is partially correct Prepare the journal entries to record the following transactions. (Round answer to decimal places, e.g. 38,548 . If no entry is required, select " No Entry" for the account titles and enter for the amountsCredit account titles are automatically indented when amount is entered . Do not indent manually.
(1) The issuance of the bonds on June 30, 2020
2) The payment of interest and the amortization of the premium on December 31, 2020
(3) The payment of interest and the amortization of the premium on June 30, 2021
( 4) The payment of interest and the amortization of the premium on December 31, 2021
The payment of interest and the amortization of the premium on December 31, 2021
Account Titles | Debit | Credit Bond Interest Expense[tex]($4,380,000 × 14% × 6/12) | $121,800.[/tex]
(1) The issuance of bonds on June 30, 2020Account Titles | Debit | Credit Cash | $5,039,020 |Bonds Payable | $4,380,000 |Premium on Bonds Payable | $659,020 |
(2) The payment of interest and the amortization of the premium on December 31, 2020
Account Titles | Debit | Credit Bond Interest Expense [tex]($4,380,000 × 14% × 6/12) | $121,800[/tex]
|Premium on Bonds Payable ($659,020 ÷ 20) | $32,951 |Cash ($4,380,000 × 14% × 6/12) | $121,800 |(3)
The payment of interest and the amortization of the premium on June 30, 2021
Account Titles | Debit | Credit Bond Interest Expense ($4,380,000 × 14% × 6/12) | $121,800 |
Premium on Bonds Payable ($659,020 ÷ 20) | $32,951 |Cash [tex]($4,380,000 × 14% × 6/12) | $121,800 |(4)[/tex]
To know more about bonds visit:
https://brainly.com/question/33648670
#SPJ1
Jack opens a savings account with a deposit of 1090 dollars. He plans to make another deposit of X dollars in three years, with the goal of having exactly 7500 dollars in the account 11 years after it is opened. If the account pays an effective rate of 7.05 percent, what value of X will allow him to reach his goal? Answer = dollars.
Jack needs to make a deposit of approximately $1864.51 in three years to reach his goal of having $7500 in the account after 11 years.
To solve this problem, we can use the formula for the future value of an annuity:
FV = Pmt x [(1 + r)^n - 1] / r
where FV is the future value, Pmt is the periodic payment, r is the interest rate per period, and n is the number of periods.
First, we can calculate the future value of the initial deposit of $1090 after 11 years:
FV1 = $1090 x (1 + 0.0705/12)^(12 x 11) = $2739.26
Next, we can use the formula to calculate the periodic payment that Jack needs to make for the next 8 years to reach his goal:
FV2 = $7500 - $2739.26 = $4760.74
n = 8 x 12 = 96
r = 0.0705/12
Pmt = $4760.74 / [(1 + r)^n - 1] x r
Pmt = $4760.74 / [(1 + 0.0705/12)^96 - 1] x (0.0705/12)
Pmt = $39.82
Therefore, Jack needs to make a periodic payment of approximately $39.82 per month for the next 8 years to reach his goal of having $7500 in the account after 11 years. To find the value of X, we can use the formula:
X = Pmt x [(1 + r)^n - 1] / r
Substituting the given values, we get:
X = $39.82 x [(1 + 0.0705/12)^36 - 1] / (0.0705/12)
X = $1864.51
Know more about future value here;
https://brainly.com/question/30787954
#SPJ11
what are the trends of the bond market in the U.S recently? Is the
bull market over? Give your comment on the article
It is suggested that the bull market is not over and the investors are still pouring more money into the financial markets to drive up demand for securities.
Recently, the bond market trends in the United States have been marked by a decrease in yield. It recommends a rising interest for the U.S. government obligation protections. In addition, investors have been purchasing US Treasuries in response to geopolitical tensions, the U.S.-China trade dispute, and the sluggish expansion of the global economy.
As a result, the bull market may not be over. In the current market, the yields on U.S. government bonds have decreased while the price has increased. Market Boom: A bull market is characterized by an extended upward trend in the price of securities. Investors' high level of confidence in the current economic situation is the primary driver of this trend. As a result, the demand for securities rises as a result of these investors investing more money in the financial markets. Market trends for bonds: The yield on the 10-year Treasury Note has decreased in recent bond market trends in the United States. Investors are continuing to make large purchases of government securities, demonstrating the strength of the bond markets in the United States.
In fact, as the COVID-19 pandemic disrupted the global economy in the early months of 2020, demand for U.S. government securities increased. It is suggested that the bull market is still intact because of these circumstances. Response to the article: Recently, the bond market trends in the United States have been marked by a decrease in yield. The article suggests that demand for government debt securities in the United States is growing. In addition, investors have been purchasing US Treasuries in response to geopolitical tensions, the U.S.-China trade dispute, and the sluggish expansion of the global economy.
In this manner, it is recommended that the buyer market isn't finished and the financial backers are as yet emptying more cash into the monetary business sectors to drive up interest for protections.
To know more about global economy refer to
https://brainly.com/question/14075874
#SPJ11
in most cases, a business ecosystem includes ________.
in most cases, a business ecosystem includes multiple organizations and entities that interact and collaborate with each other.
A business ecosystem refers to the interconnected network of organizations, suppliers, customers, and other stakeholders that contribute to the creation, delivery, and consumption of products or services. It encompasses the entire environment in which a business operates, including its competitors, partners, regulatory bodies, and even customers.
Within a business ecosystem, there are various relationships and dependencies among the different entities involved. These interactions can include partnerships, collaborations, supply chain relationships, and customer relationships. The concept of a business ecosystem emphasizes the interdependence and mutual impact of different organizations within a particular industry or market.
You can learn more about business ecosystem at
https://brainly.com/question/842527
#SPJ11
required sales in dollars to meet a target net income is computed by dividing
The required sales in dollars to meet a target net income is computed by dividing the sum of the target net income and the total fixed costs by the contribution margin ratio.
How is the required sales in dollars computed to meet a target net income?To compute the required sales in dollars to meet a target net income, follow these steps:
1. Add the target net income to the total fixed costs.
2. Determine the contribution margin ratio by dividing the contribution margin (sales revenue minus variable costs) by the sales revenue.
3. Divide the sum from step 1 by the contribution margin ratio to obtain the required sales in dollars.
Learn more target net income
brainly.com/question/17272171
#SPJ11
Imagine that you have placed a limit order to buy 100 shares of Sallisaw Tool at a price of $68.00, although the stock is currently selling for $71.00. Discuss the consequences, if any, of each of the following situations. a. The stock price drops to $69.00 per share two months before cancellation of the limit order. b. The stock gradually drops to $65.00 per share. c. The minimum stock price achieved before cancellation of the limit order was $68.50. When the limit order was canceled, the stock was selling for $77.50 per share.
a. Order executed, buy 100 shares at $69.00.b. Order not executed, stock price never reached $68.00.c. Order not executed, stock price didn't drop below $68.00.
a. In this situation, since the stock price dropped to $69.00, which is below the specified limit price of $68.00, the limit order would be executed, and you would purchase 100 shares of Sallisaw Tool at the prevailing market price of $69.00 per share.
b. If the stock gradually drops to $65.00 per share, which is below your limit price of $68.00, the limit order would not be executed. Since the market price never reached or went below your specified limit price, the order would remain open, and you would not purchase any shares.
c. Even though the stock reached a minimum price of $68.50, which is above your limit price of $68.00, the limit order would not be executed. As the market price did not drop below your specified limit price, the order would remain open. When the limit order was canceled, and the stock was selling for $77.50 per share, you would not have purchased any shares as the order was not executed.
Therefore, a. Order executed, buy 100 shares at $69.00.b. Order not executed, stock price never reached $68.00.c. Order not executed, stock price didn't drop below $68.00.
To learn more about stock price click here
brainly.com/question/18366763
#SPJ11
You get a new credit card from your bank. The document that comes with the card informs you that the interest rate on that card is 13.6% APR. What is the effective annual rate you'll actually be paying? The credit card company uses monthly compounding of interest. Enter your answer as a percentage, rounded to 2 decimals, and without the percentage sign ('\%'). For example, if your answer is 0.23456, then enter 23.46
The effective annual rate you'll be paying on the credit card with a 13.6% APR and monthly compounding of interest is approximately 14.78%.
The Annual Percentage Rate (APR) represents the nominal interest rate charged on the credit cards, expressed as a yearly rate. However, to determine the effective annual rate, we need to consider the effect of compounding, which accounts for interest being charged on both the principal amount and any accumulated interest.
In this case, since the credit card company uses monthly compounding, we can calculate the effective annual rate using the formula: Effective Annual Rate = [tex](1 + (APR / n))^{n - 1}[/tex] Where APR is the nominal interest rate and n is the number of compounding periods per year (in this case, 12 for monthly compounding).
Plugging in the values, we have: Effective Annual Rate = [tex](1 + (0.136 / 12))^{12 - 1}[/tex]Calculating this expression, the effective annual rate comes out to approximately 0.1478, which translates to 14.78% when rounded to two decimal places. Therefore, you can expect to pay an effective annual interest rate of around 14.78% on the credit card.
Learn more about credit cards here:
https://brainly.com/question/31950595
#SPJ11
Which rival companies appear to be employing some type of focus strategy?
A focus strategy in business is a plan that focuses on a single industry or target market and attempts to gain a competitive edge by specializing in this area.
Focus strategies can come in a variety of forms, from cost-cutting measures to differentiation based on unique value propositions. It can be used by companies of all sizes to compete with larger competitors.A focus strategy is a way of targeting a specific market niche, which enables a company to serve a narrowly defined segment of the market more efficiently than competitors that serve a broader market. The focus strategy has two subcategories; cost focus and differentiation focus. Cost focus means having a low-cost strategy while differentiation focus means having a unique and differentiated product or service.
In this case, two companies appear to be employing some form of focus strategy:
1. Nike IncNike, a leading sportswear and footwear company, appears to be employing a differentiation focus strategy. Nike offers a diverse range of products that cater to customers who are focused on sports. The company targets its products at people who are interested in sports and fitness. Nike's focus strategy helps it differentiate itself from competitors that cater to a more general market.
2. Rolex S.A.Rolex, a luxury watch brand, appears to be employing a differentiation focus strategy. The company targets the high-end market and produces watches with exceptional quality and craftsmanship. Rolex's focus strategy helps it differentiate itself from competitors that offer more affordable watches.
Learn more about business here:-
https://brainly.com/question/31934862
#SPJ11
If the price of Pepsi increases today: the supply curve for Pepsi will increase the supply curve for Pepsi will decrease. the quantity supplied of Pepsi will increase. the quantity supplied of Pepsi will decrease. Question 2 Consider the market for batteries. Assume electricity is a significant input to the production of batteries. If the price of electricity increases sharply then: the equilibrium price and quantity both increase. the equilibrium price and quantity both decrease. the equilibrium price increases and the equilibrium quantity decreases. the equilibrium price decreases and the equilibrium quantity increases. When quantity supplied is greater than the quantity demanded, the market is said to exhibit: a surplus, and the price should rise to eliminate the surplus. a surplus, and the price should fall to eliminate the surplus. a shortage, and the price should rise to eliminate the shortage. a shortage, and the price should fall to eliminate the shortage.
If the price of Pepsi increases today, the quantity supplied of Pepsi will decrease. This is because as the price of Pepsi increases, producers will be incentivized to produce more Pepsi, while consumers will be less willing to purchase it at the higher price.
As a result, the supply curve for Pepsi will decrease, indicating that producers are willing to supply less of the product at each given price point in the market.
In the market for batteries, if the price of electricity increases sharply, the equilibrium price increases and the equilibrium quantity decreases. This is because electricity is a significant input to the production of batteries, meaning that an increase in the cost of electricity will lead to an increase in the cost of production for batteries. As a result, battery producers will be forced to raise the prices of their products to make up for the higher costs, leading to an increase in the equilibrium price of batteries. However, consumers will be less willing to purchase batteries at the higher price, leading to a decrease in the equilibrium quantity of batteries sold in the market.
When quantity supplied is greater than the quantity demanded, the market is said to exhibit a surplus, and the price should fall to eliminate the surplus. In this scenario, there is excess supply in the market, meaning that producers are producing more goods than consumers are willing to purchase. As a result, sellers will lower their prices in order to sell off their excess inventory, which will eventually lead to an increase in demand and a reduction in supply, bringing the market back to equilibrium.
learn more about quantity here
https://brainly.com/question/29670811
#SPJ11
Any article will do. Doesn't need to be from the Strait Times
and please provide the website link below. Thanks.
1. You are required to give a 3-minute proposal pitch to get initial approval from your supervisor to launch a new or enhanced (improved) product/service/idea that is related to the industry or sector
Here is a sample article that you can use for your proposal pitch:
Title: "Apple Launches New iPhone Models with Advanced Features"
Link: https://www.apple.com/newsroom/2021/09/apple-unveils-iphone-13-pro-and-iphone-13-pro-max-more-pro-than-ever-before/
Summary:
Apple recently announced the launch of its new iPhone 13 models, which come with advanced features that cater to the needs of its customers. These new models have improved camera systems, longer battery life, and a faster processing system, among other things. Apple CEO Tim Cook said that these new models represent "the most pro iPhone lineup ever."
In light of this news, I propose that our company should also launch an improved product/service/idea that caters to the needs of our customers. By doing so, we can stay competitive in the market and continue to provide high-quality products/services/ideas that meet the needs of our customers.
To know more about article visit:
https://brainly.com/question/14165694
#SPJ11
for
a highly addictive susbtance such as cocaine, could the market
demand for it ever be perfectly inelastic at alla prices?
explain
A market demand for highly addictive substances like cocaine is never perfectly inelastic at all prices. Elasticity of demand refers to the degree to which demand varies in response to a change in price.
Elastic demand indicates that a change in price leads to a proportional change in demand while inelastic demand shows that a change in price leads to a minor change in demand For highly addictive substances, the demand is initially inelastic due to the addictive nature of the substance, as users cannot easily stop using the substance, even with an increase in price.
However, as the price of the substance increases to a certain point, users may start to search for substitutes or opt-out of consuming the substance altogether, making the demand elastic. Therefore, in the long run, the market demand for cocaine cannot be perfectly inelastic at all prices.
Once the price of the substance reaches a certain level, users may switch to other substitutes or simply stop consuming it. Additionally, the government and law enforcement agencies can introduce measures such as anti-drug campaigns, strict drug policies, and law enforcement crackdowns to reduce demand for such drugs. Such policies will change consumers' behavior and preference, which will lead to a decrease in the demand for these substances.
To know more about like visit:
https://brainly.com/question/29620899
#SPJ11
Please answer thank you!
1.) Suppose the government increases taxes by 20 billion dollars. If the marginal Propensity to consume is.5, what is the total effects of increased tax?
the total effects of the increased tax will be $40 billion if the marginal Propensity to consume is .5.
When the government increases taxes by $20 billion dollars, the total effects of the increased tax is $40 billion dollars if the marginal Propensity to consume is .5.Marginal Propensity to Consume refers to the amount of extra spending that results from a $1 increase in income or a $1 decrease in taxes.
The marginal propensity to consume (MPC) refers to the fraction of an increase in income that is spent on goods and services rather than saved.Suppose the government increases taxes by $20 billion dollars and the marginal Propensity to consume is .5, then the total effects of increased tax is as follows:Total increase in tax = $20 billionMarginal Propensity to Consume = 0.5.Then,Multiplier = 1 / (1 - MPC) = 1 / (1 - 0.5) = 2.Now,Total effects of tax = Multiplier × change in tax = 2 × $20 billion= $40 billion.
Learn more about marginal Propensity here:
https://brainly.com/question/29035456
#SPJ11
What are 3 positive and 3 negative financial trends that you identify with the company Qualcomm QCOM?
Positive financial trends of Qualcomm QCOM: Increasing Revenue, Dividend Yield and Innovation.
Negative financial trends of Qualcomm QCOM: Competition, Lawsuits and Dependence on a Single Customer.
Financial trends refer to the patterns and changes observed in various financial indicators over a period of time. These indicators can include financial data such as revenue, expenses, profit, cash flow, assets, liabilities, and key financial ratios. Analyzing financial trends helps individuals, businesses, and investors understand the financial health, performance, and direction of an entity.
Positive financial trends of Qualcomm QCOM:
1. Increasing Revenue: Over the years, the company's revenue has increased considerably. Qualcomm's revenue rose by 52 percent in 2021, up from 7 percent in 2020.
2. Dividend Yield: Qualcomm has a good dividend yield, making it an appealing stock to investors. The company's dividend yield is about 2.03%, which is higher than the market average.
3. Innovation and Expansion: Qualcomm invests heavily in R&D to bring new technologies to market, and it has been successful in developing new markets. The company has a wide range of products, including mobile, automotive, and the Internet of Things (IoT).
Negative financial trends of Qualcomm QCOM:
1. Competition: Qualcomm's competitors, such as Samsung, Intel, and Apple, are also investing in R&D and developing new technologies that could compete with Qualcomm's products.
2. Lawsuits: Qualcomm has faced several lawsuits over the years, including antitrust lawsuits, which have affected its reputation.
3. Dependence on a Single Customer: Qualcomm is heavily reliant on Apple Inc. for its revenue, as Apple Inc. is its biggest customer. This could have a negative impact on Qualcomm's revenue if Apple Inc. switches to another supplier or decides to develop its own semiconductors.
Learn more about Dividend Yield Here.
https://brainly.com/question/32730109
#SPJ11
Suppose a country's per worker production function is yt = f(kt) = kt^1/2, where yt is output per worker and kt is capital per worker. Households save a constant fractions of their income (0 < s < 1); output can be either consumed or invested. Capital depreciates at a rate δ = 0.1. Let capital per worker evolve such that kt+1 = it + (1 - 8)kt, where it is investment per worker. Assume there is no population or technological growth.
(a) Write down the Solow model.
(b) Solve for the steady-state values of capital per worker, output per worker, investment per worker, and consumption per worker when s = 0.2
Show transcribed image text
(c) Solve for the steady-state values of capital per worker, output per worker, investment per worker, and consumption per worker when s = 0.4
(a) The Solow model is a well-known neoclassical growth model used in economics to study long-run economic growth. It involves differential equations and requires numerical analysis to solve for steady-state values. (b) The steady-state values of capital per worker, output per worker, investment per worker, and consumption per worker when s = 0.2 is 1.6. (c) The steady-state values of capital per worker, output per worker, investment per worker, and consumption per worker when s = 0.4 is 2.4.
(a) The Solow model states that capital stock per worker evolves in response to saving and investment behaviors, with capital depreciation and technological change taken into account. The model explains why growth rates of output per worker can differ over time and across countries.
(b) When s = 0.2, steady-state values of capital per worker (k*), output per worker (y*), investment per worker (i*), and consumption per worker (c*) can be calculated as:
k* = (sf(k*) + (1 - δ)k*)/y* = 0.2(k*^1/2)/(k*^1/2) + 0.9k*/(k*^1/2) = 0.2(k*^1/2) + 0.9(k*^1/2)
0.1k*^1/2 = 0.2
k* = 4
y* = f(k*) = k*^1/2 = 2
i* = δk* = 0.4
c* = (1 - s)y* = 1.6
(c) When s = 0.4, steady-state values of capital per worker (k*), output per worker (y*), investment per worker (i*), and consumption per worker (c*) can be calculated as:
k* = (sf(k*) + (1 - δ)k*)/y* = 0.4(k*^1/2)/(k*^1/2) + 0.9k*/(k*^1/2) = 0.4 + 0.9(k*^1/2)
0.1k*^1/2 = 0.4
k* = 16
y* = f(k*) = k*^1/2 = 4
i* = δk* = 1.6
c* = (1 - s)y* = 2.4
Learn more about Solow model is here: https://brainly.com/question/13768999
#SPJ11
