Based on the information provided, Anderson's current sales revenue is $105,000, and the operating income is $33,000.
The contribution margin approach focuses on the contribution margin, which is the difference between sales revenue and variable expenses. In this case, the contribution margin is calculated as $105,000 (sales revenue) minus $42,000 (variable expenses), resulting in a contribution margin of $63,000.
To calculate the operating income using the contribution margin approach, we subtract the fixed expenses and any additional expenses from the contribution margin.
In this case, the fixed expenses are $30,000, and there is an additional expense of $3,000 for the traveling production of Hairspray. Subtracting these expenses from the contribution margin of $63,000, we get an operating income of $33,000.
Therefore, based on the contribution margin income statement and the given figures, Anderson's current sales revenue is $105,000, and the operating income is $33,000.
Learn more about income statement here:
https://brainly.com/question/14890247
#SPJ11
Consider the perfectly competitive 'luxury goods' market in the UK where domestic demand is D, [P]=80-P, and the domestic supply is S, [P]=-16+2P, where P is the domestic price. In Russia (the rest of the world since there are only two countries), demand for UK exports of 'luxury goods' is D [P]=144-2P, where Pw is the world (Russian) price. Showing your workings at every stage: (a) Derive the equilibrium world price and domestic price under free trade. Calculate domestic consumption, domestic production, and exports under free trade in the UK. [20 marks]
The equilibrium world price under free trade is £64, and the domestic price is £48. Domestic consumption is 28 units, domestic production is 36 units, and exports are 8 units under free trade in the UK.
To find the equilibrium world price and domestic price under free trade, we set the domestic demand equal to the domestic supply and solve for P.
For the domestic market:
Demand: D [P] = 80 - P
Supply: S [P] = -16 + 2P
Setting D = S:
80 - P = -16 + 2P
3P = 96
P = £32
Substituting P back into the demand or supply equation will give us the domestic consumption, domestic production, and exports.
Domestic consumption:
D [P] = 80 - P
D [£32] = 80 - 32 = 48 units
Domestic production:
S [P] = -16 + 2P
S [£32] = -16 + 2(32) = 36 units
Exports:
Exports = Domestic production - Domestic consumption
Exports = 36 - 48 = -12 units (Negative value indicates imports)
Since the negative value indicates imports, we consider the absolute value, which is 12 units, as the quantity of exports under free trade in the UK.
Learn more about market here:
https://brainly.com/question/32106392
#SPJ11
Derrick and Ani Jones are married taxpayers, filing jointly and have a son named Jackson. They live at 474 Rustic Drive, Spokane, WA 99201. Ani works as the director of information systems at Washington Community College District (WCCD). Derrick is a stay-at-home dad. Their SSNs are Derrick, 412-34-5670; Ani, 412-34-5671; and Jackson, 412-34-5672. Their birth dates are as follows: Derrick, June 7, 1977; Ani, March 20, 1978; and Jackson, October 10, 2010. The Joneses own their home and paid $15,000 in mortgage interest during the year to Chase Bank and property taxes of $3,200. They are entitled to a $1,349 general sales tax deduction. Assume they have no other deductible expenses. The Form W-2 Ani received from WCCD contained the following information:
Wages (box 1) = $ 79,002.50
Federal W/H (box 2) = $ 8,000.14
Social security wages (box 3) = $ 79,002.50
Social security W/H (box 4) = $ 4,898.16
Medicare wages (box 5) = $ 79,002.50
Medicare W/H (box 6) = $ 1,145.54
In addition, the Joneses own a small four-unit rental at 12345 Rainbow Way, Sultan, WA 98294. The rental was purchased and placed in service on July 1, 2005, and was rented for the entire year. The following income and expense information relates to the rental activity. For the purpose of this return problem, do not consider passive activity rules or limitations.
Rental income $ 24,000
Real estate taxes 2,000
State sales taxes 1,349
Utilities 1,500
Mortgage interest 3,800
Depreciation 7,200
Repairs and maintenance 1,300
Prepare the Joneses’ federal tax return for 2017. Use Form 1040, Schedule A, Schedule E, and any other appropriate schedules. Assume they do not qualify for any credits other than the child care credit. If using tax software, the software will calculate Child Tax Credit automatically. The taxpayers had qualifying health care coverage at all times during the tax year. For any missing information, make reasonable assumptions. (List the names of the taxpayers in the order in which they appear in the problem. Input all the values as positive numbers. Instructions can be found on certain cells within the forms. Round your final answers to the nearest whole dollar amount.)
Derrick and Ani Jones, a married couple, need to prepare their federal tax return for 2017. Ani works as the director of information systems at Washington Community College District (WCCD).
To prepare the Joneses' federal tax return for 2017, we will utilize the provided information and relevant tax forms. We will start by completing Form 1040, which includes reporting their personal information, income, and deductions.
For the income section, we will enter Ani's wages from her W-2 form in the appropriate lines. Next, we will move to Schedule A to include their itemized deductions. We will enter the mortgage interest, property taxes, and general sales tax deduction.
Moving to Schedule E, we will report the rental income and related expenses for their rental property. We will include the rental income, real estate taxes, utilities, mortgage interest, depreciation, and repairs and maintenance expenses.
Once all the relevant forms are completed, we will calculate the Joneses' tax liability, taking into account their filing status and applicable tax rates. We will also consider any credits they qualify for, such as the childcare credit.
It is important to note that the specific calculations and entries on the tax forms may require additional details and assumptions. The final tax return will provide a comprehensive overview of their income, deductions, and tax liability for the 2017 tax year.
Learn more about mortgage here:
https://brainly.com/question/31751568
#SPJ11
QUESTION 1 All of the following statements are correct about management by exception except it enables top management to focus on problem areas that need attention. means that management has to investigate every budget difference. requires that there must be some guidelines for identifying an exception. QUESTION 2 Controllable costs for responsibility accounting purposes are those costs that are directly influenced by O a given manager within a given period of time. a change in activity. production volume. sales volume.
The statement that is not correct about management by exception is means that management has to investigate every budget difference. Option B is correct.
Controllable costs for responsibility accounting purposes are those costs that are directly influenced by a given manager within a given period of time. Option A is correct.
1. Management by exception is a management principle where managers focus their attention on significant deviations or exceptions from planned or expected results. The purpose of this approach is to enable top management to focus on problem areas that require attention, rather than getting involved in routine or minor matters. By focusing on exceptions, management can prioritize their time and resources to address issues that have the most significant impact on organizational performance.
It does not mean that management has to investigate every budget difference. Instead, management by exception requires that there are guidelines or criteria for identifying what qualifies as an exception. These guidelines help in determining which deviations warrant further investigation or action. By setting thresholds or criteria, management can filter out minor variances and focus on significant deviations that may require intervention or corrective measures.
2. They are costs that a manager has control over and can take actions to manage or influence. Controllable costs are typically related to a manager's specific area of responsibility and can include costs such as labor, materials, supplies, and other expenses that can be managed through decision-making and resource allocation. Controllable costs are distinguished from uncontrollable costs, which are beyond the manager's direct influence or control. Option A is correct.
To know more about the Management, here
https://brainly.com/question/24020839
#SPJ4
A widely used activity base for developing factory overhead rates in highly automated settings is: direct labor hours direct labor dollars direct materials machine hours Which types of inventories docs a manufacturing business report on the balance sheet? Finished goods inventory and work in process inventory Direct materials inventory and work in process inventory Direct materials inventory, work in process inventory, and finished goods inventory Direct materials inventory and finished goods inventory At the beginning of the period, the Cutting Department budgeted direct labor of $155,000. direct material of $165,000 and fixed factory overhead of $15,000 for 9,000 hours of production. The department actually completed 10,000 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting. $416,000 $370, 556 $368, 889 $335,000 The first budget customarily prepared as part of an entity's master budget is the: production budget cash budget sales budget direct materials purchases Motorcycle Manufactures, Inc projected sales of 76,000 machines for 2012. The estimated January 1, 2012, inventory is 6, 500 units, and the desired December 31, 2012. .memory is 7,000 units. What is the budgeted production (in units) for 2012?
A widely used activity base for developing factory overhead rates in highly automated settings is machine hours.In a manufacturing business, the types of inventories that are reported on the balance sheet are Direct materials inventory, Work-in-process inventory, and Finished goods inventory.
The appropriate total budget for the department, assuming it uses flexible budgeting is $370, 556.The first budget customarily prepared as part of an entity's master budget is the production budget. The budgeted production (in units) for 2012 is 76,500. Calculation of the solution:The total budget can be calculated using the formula given below:Total budget = Direct Labor + Direct Material + Fixed Factory Overhead + Variable Factory Overhead= $155,000 + $165,000 + $15,000 + [(10,000 - 9,000) * $35]= $370, 556.
Therefore, the appropriate total budget for the department, assuming it uses flexible budgeting is $370, 556.The budgeted production (in units) for 2012 can be calculated using the formula given below:Budgeted Production = Desired Ending Inventory + Units Required for Sale - Beginning Inventory= 7,000 + 76,000 - 6,500= 76,500Therefore, the budgeted production (in units) for 2012 is 76,500.
To know more about balance sheet visit :
https://brainly.com/question/28446946
#SPJ11
Assume that CAPM holds and that there are only two stocks: A and B
The portfolio share of A in the market portfolio is 0.74, its beta is 1.210, and its expected return is 7.17%. The risk-free rate is 1%
(1pt) Calculate the expected return on the market portfolio.
(1pt) Derive the relationship between the beta of A, the beta of B, and the beta of the market.
(1pt) Calculate the beta of B.
(1pt) Suppose the standard deviation of the market portfolio return is 26% and the standard deviation of A return is 32.2%. What fraction of A variance represents idiosyncratic risk?
1. Calculate the expected return on the market portfolio.
The expected return on the market portfolio can be calculated using the following formula:
Expected Return on Market Portfolio = Risk-Free Rate + Beta * Market Risk Premium
We know that the risk-free rate is 1%, the beta of A is 1.210, and the market risk premium is 6%. Therefore, the expected return on the market portfolio is:
Expected Return on Market Portfolio = 1% + 1.210 * 6% = 7.26%
2. Derive the relationship between the beta of A, the beta of B, and the beta of the market.
The beta of a security is a measure of its volatility relative to the market. The beta of A is 1.210, which means that A is 21% more volatile than the market. The beta of B can be calculated using the following formula:
Beta of B = (Expected Return of B - Risk-Free Rate) / (Expected Return of Market Portfolio - Risk-Free Rate)
We know that the expected return of B is 8.17%, the risk-free rate is 1%, and the expected return of the market portfolio is 7.26%. Therefore, the beta of B is:
Beta of B = (8.17% - 1%) / (7.26% - 1%) = 1.13
3. Calculate the beta of B.
We have already calculated the beta of B in the previous section. The beta of B is 1.13.
4. Suppose the standard deviation of the market portfolio return is 26% and the standard deviation of A return is 32.2%. What fraction of A variance represents idiosyncratic risk?
The idiosyncratic risk of a security is the portion of its risk that cannot be diversified away. The standard deviation of the market portfolio is 26%, and the standard deviation of A return is 32.2%. Therefore, the idiosyncratic risk of A is 32.2% - 26% = 6.2%. The fraction of A variance that represents idiosyncratic risk is 6.2% / 32.2% = 19.3%.
Learn more about market portfolio here:
https://brainly.com/question/17165367
#SPJ11
Which of the following provides overall guidance on how you identify new staff, the types of people you want on your staff, how you will develop them, and how you will retain them?
Group of answer choices
Position description
Staffing strategy
Employment contract
Job analysis
5/ Which of the following is a good reason to decide to hire externally rather than internally?
Group of answer choices
An abundance of firm- or industry specific skills are required for the job
Succession planning and performance reviews are consistent and transparent
Processes are in place that support job training and full integration into a position
An organization is thriving
6/ When a screening device (e.g., educational requirement), or even a recruitment practice, produces a significant difference in the hiring of African-Americans (or other protected groups), this is
Group of answer choices
A legal recruiting practice in all cases
An internal policy/practice
Disparate Impact
Unavoidable
The staffing strategy provides overall guidance on identifying new staff, defining the desired types of employees, establishing their development plans, and implementing strategies to retain them.
Disparate Impact refers to a situation where a screening device or recruitment practice results in a significant difference in the hiring of protected groups, which is not considered a legal recruiting practice in all cases.
The staffing strategy is a comprehensive plan that outlines the organization's approach to acquiring, developing, and retaining talent. It encompasses various aspects, including identifying the staffing needs of the organization, defining the desired qualifications and characteristics of potential employees, designing recruitment and selection processes, implementing training and development programs, and establishing strategies to retain valuable staff members. The staffing strategy provides overall guidance and direction to ensure the organization acquires and maintains a talented workforce aligned with its goals and objectives.
Disparate Impact refers to a situation where a screening device or recruitment practice, such as an educational requirement, disproportionately affects certain protected groups, such as African-Americans. If such a practice results in a significant difference in hiring rates between different groups, it can be deemed as having a disparate impact. Disparate impact is generally not considered a legal recruiting practice unless it can be justified by a business necessity or job-related requirement. Organizations should be cautious of practices that unintentionally discriminate against protected groups and strive to implement fair and unbiased selection criteria to ensure equal opportunities for all candidates.
Learn more about workforce here:
https://brainly.com/question/32547706
#SPJ11
BJs is a company that hand-makes jewelry boxes. Forecasts of sales for next year are 150 in autumn, 400 in winter, and 50 in spring. They purchase plain jewelry boxes for $20 each and incur a holding cost of $1.2 per quarter per item. BJs hires part-time art students to craft their designs, paying them $5.50 per hour in autumn, $7.00 per hour in winter, and $6.25 per hour in spring. Each jewelry box takes two hours to complete, and the company can rent equipment for $65 for three months, which can be returned if no production occurs in a quarter. The goal is to determine the optimal number of jewelry boxes to produce in each quarter to minimize production cost, inventory holding cost, and rental cost.
Provide a mixed integer formulation for the problem. Clearly define the variables, objective function, and the model constraints.
To determine the optimal number of jewelry boxes to produce in each quarter to minimize production cost, inventory holding cost, and rental cost as a mixed integer linear programming (MILP) problem, we need to define the decision variables, objective function, and constraints as mentioned in the below paragraph.
To formulate the given problem as a mixed integer linear programming (MILP) problem, we need to define the decision variables, objective function, and constraints.
Decision Variables:
Let's define the following decision variables:
Let Xa represent the number of jewelry boxes produced in autumn.Let Xw represent the number of jewelry boxes produced in winter.Let Xs represent the number of jewelry boxes produced in spring.Objective Function:
The objective is to minimize the total production cost, inventory holding cost, and rental cost. The objective function can be expressed as follows:
Minimize: 20(Xa + Xw + Xs) + 1.2(Xa + Xw + Xs) + 65(Ra + Rw + Rs)
Model Constraints:
1. Demand Constraints:
Autumn Demand: Xa >= 150Winter Demand: Xw >= 400Spring Demand: Xs >= 502. Production Time Constraints:
Autumn Production Time: 2*Xa <= Ra*720Winter Production Time: 2*Xw <= Rw*720Spring Production Time: 2*Xs <= Rs*720(Here, Ra, Rw, and Rs are binary variables that represent whether the rental is taken in each quarter.)
3. Rental Return Constraints:
Rental Return: Ra + Rw + Rs <= 24. Non-negativity Constraints:
Xa >= 0Xw >= 0Xs >= 05. Integer Constraints:
Xa, Xw, and Xs are integer variables.The complete mixed integer linear programming (MILP) formulation for this problem is as follows:
Minimize:
20(Xa + Xw + Xs) + 1.2(Xa + Xw + Xs) + 65(Ra + Rw + Rs)
Subject to:
1. Demand Constraints:
Xa >= 150Xw >= 400Xs >= 502. Production Time Constraints:
2*Xa <= Ra*7202*Xw <= Rw*7202*Xs <= Rs*7203. Rental Return Constraints:
Ra + Rw + Rs <= 24. Non-negativity Constraints:
Xa >= 0Xw >= 0Xs >= 05. Integer Constraints:
Xa, Xw, and Xs are integer variables.To know more about inventory holding cost, visit the link : https://brainly.com/question/29559299
#SPJ11
Which account is used by management to keep track of
possible customer dissatisfaction?
The account typically used by management to keep track of possible customer dissatisfaction is called the "Customer Complaints" or "Customer Feedback" account.
This account is specifically designed to record and monitor any complaints, concerns, or feedback received from customers regarding the products, services, or overall customer experience provided by the organization.
When customers have complaints or express dissatisfaction, they may contact the company directly through various channels such as phone calls, emails, online platforms, or in-person interactions. These customer complaints are logged into the designated account by management or customer service representatives.
The Customer Complaints account serves as a repository for documenting and tracking customer issues. It allows management to analyze and address the concerns raised by customers, identify trends or patterns, and take appropriate actions to improve customer satisfaction.
By actively monitoring the Customer Complaints account, management can gain insights into areas of improvement, identify potential systemic issues, and take proactive steps to enhance customer experience and address any recurring problems. This helps the organization to prioritize customer satisfaction, retain existing customers, and improve overall reputation and brand loyalty.
Learn more about Customer here:
https://brainly.com/question/31192428
#SPJ11
on
January 1, 2018, John deposited $5000 into a savings account that
pays interest at 5% compounded annually. If he makes no further
deposits or withdrawals, how much will John having his account on
D
John will have approximately $5778.63 in his savings account on December 31, 2020, three years after the initial deposit.
To calculate the amount John will have in his account on December 31, 2020 (3 years later), we need to compound the interest annually for the 3-year period.
Using the formula for compound interest;
FV = P(1 + r/n[tex])^{nXt}[/tex]
Where;
FV is the future value
P is the principal amount (initial deposit)
r is the annual interest rate (as a decimal)
n will be the number of times interest compounded per year
t is the number of years
In this case;
P = $5000 (initial deposit)
r = 5% or 0.05 (as a decimal)
n = 1 (compounded annually)
t = 3 (3 years)
Using the formula;
FV = 5000(1 + 0.05/1)¹ˣ³
FV = 5000(1.05)³
FV ≈ $5778.63
Therefore, John will have approximately $5778.63 in his savings account.
To know more about savings account here
https://brainly.com/question/7044701
#SPJ4
--The given question is incomplete, the complete question is
"On January 1, 2018, John deposited $5000 into a savings account that pays interest at 5% compounded annually. If he makes no further deposits or withdrawals, how much will John having his account on December 31, 2020 (3 years later)?"--
Q2. A country produces two goods: Food (F) and cloth ( C). Given the information below, please answers questions a to e: = Food production function: Qs = 2L9:5 Cloth production function: Qc = 20.5 Total labor=L+Le = L = 10 a. Find the marginal product of labor (MPL) for both products? Show that the MPL is diminishing b. Draw the production possibilities frontier (PPF). Find the formula of the PPF slope. c. If the price of cloth unit Pc=$2 and the price of the food unit Pf=$4. Furthermore, assume that Lc=1 and Lf=9. Compare the wage in both industries ( Wf Vs Wc)? Given the above information, Which industry should worker choose? d. Given the information in (c), compare the PPf slope to the budget line slope (-Pc/Pf). Show this in a graph. e. If the price of cloth unit Pc=$12, price of food unit Pf=$6, show the number of workers in each industry such that the PPF is at the optimal point. That is the point at which workers are indifferent between both industries?
a) The marginal product of labor (MPL) for food can be calculated by taking the derivative of the food production function with respect to labor (L). In this case, MPL = dQs/dL = 9.5 * 2L^8.5. Similarly, for cloth, MPL = dQc/dL = 0, as the cloth production function does not depend on labor.
b) The production possibilities frontier (PPF) can be drawn using the quantities obtained from the production functions. The PPF represents the maximum combination of food and cloth that can be produced given the available resources. Its slope can be calculated as the ratio of the marginal products of food and cloth, which is MPLf/MPLc = (9.5 * 2L^8.5)/0 = undefined c) To compare the wages in both industries, we need to calculate the wage (W) using the formula W = P*MPL, where P is the price of the respective good and MPL is the marginal product of labor. For food, Wf = $4 * (9.5 * 2L^8.5), and for cloth, Wc = $2 * 0. d) Comparing the slope of the PPF to the slope of the budget line (-Pc/Pf) allows us to determine the relative prices of food and cloth. If the absolute value of the PPF slope is steeper than the absolute value of the budget line slope, then food is relatively more expensive. e) To find the number of workers in each industry at the optimal point, we need to equate the wage ratio (Wf/Wc) to the price ratio (Pf/Pc) and solve for the number of workers. In this case, it would be (9.5 * 2L^8.5) / 0 = 6 / 12, which is undefined.
Learn more about production possibilities here:
https://brainly.com/question/27833900
#SPJ11
On January 1, 2020, Tamarisk, Inc. purchased 9% bonds having a maturity value of $452,000 for $466,971.01. The bonds provide the bondholders with an 8% yield. The bonds are dated January 1, 2020, and mature January 1, 2024, with interest receivable on January 1 of each year. Tamarisk, Inc. uses the effective interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale. The fair value of the bonds at December 31 of each year-end is as follows. 2020 $462,800 2021 $463,900 2022 $459,200 2023 $452,000 Prepare the journal entry at the date of the bond purchase. (Round answers to 2 decimal places, e.g. 5,125.67. 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 O for the amounts.) Date Jan. 1, 2020 Account Titles and Explanation Debt Investments Cash Debit 466,971.01 Credit 466,971.01 Prepare the journal entries to record the interest revenue and recognition of fair value for 2020. (Round answers to 2 decimal places, e.g. 5,125.67. 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 O for the amounts.) Date Dec. 31, 2020 Account Titles and Explanation Interest Receivable Debt Investments Interest Revenue (To record interest revenue) Unrealized Holding Gain or Loss - Equity Fair Value Adjustment (To record recognition of fair value) Debit 40680 848.69 Credit 3322.32 37357.68 848.69 Prepare the journal entry to record the recognition of fair value for 2021. (Round answers to 2 decimal places, e.g. 5,125.67. 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.) Date Dec. 31, 2021 Account Titles and Explanation Fair Value Adjustment Unrealized Holding Gain or Loss - Equity Debit 기 Credit
The journal entry to record the recognition of fair value for 2021 would be missing from the provided information.
In order to determine the journal entry for the recognition of fair value for 2021, we need to calculate the change in fair value from 2020 to 2021.
Change in fair value = Fair value at December 31, 2021 - Fair value at December 31, 2020
Change in fair value = $463,900 - $462,800 = $1,100
Since the bonds are classified as available-for-sale, the recognition of fair value adjustment is recorded in the Unrealized Holding Gain or Loss - Equity account.
This entry reflects the increase in fair value and recognizes the unrealized holding gain in the equity section of the balance sheet.
Learn more about fair value here: brainly.com/question/30564619
#SPJ11
Question 13
A Business Process Diagram (BPD) provides the reader an easily understood of what takes place in a business process. narrative decision flow pictorial view data flow
A Business Process Diagram (BPD) provides the reader an easily understood of what takes place in a business process. It depicts the pictorial view of the complete process from start to end.
A Business Process Diagram (BPD) provides the reader an easily understood of what takes place in a business process. It depicts the pictorial view of the complete process from start to end. This representation helps stakeholders in understanding the flow of business activities and the associated data inputs and outputs.The pictorial view of the process assists the stakeholders in observing the process's decision flow and data flow. The narrative used in the diagram usually contains explaining the pictorial view of the process's activities.The significance of BPD lies in its ability to aid in the understanding of complex business processes that may be difficult to comprehend when presented in a more traditional format such as a table or document. They enable businesses to identify inefficiencies and inconsistencies in their processes, as well as any steps that may be redundant or unnecessary, thereby increasing efficiency and reducing the time and money required to complete them.
To know more about business visit:
https://brainly.com/question/15826679
#SPJ11
Bosshart Inc. has provided the following data for the month of May. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.
Work In Process Finished Goods Cost of Goods Sold Total
Direct materials $ 10,670 $ 12,000 $ 81,120 $ 103,790
Direct labor 11,630 15,000 101,400 128,030
Manufacturing overhead applied 9,680 9,680 68,640 88,000
Total $ 31,980 $ 36,680 $ 251,160 $ 319,820
Manufacturing overhead for the month was underapplied by $6,000.
The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts.
The journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for May would include the following:
Multiple Choice
credit to Work in Process of $31,980 A
debit to Work in Process of $660 B
credit to Work in Process of $660 C
debit to Work in Process of $31,980 D
The journal entry for Boosshart Inc. to record the allocation of any underapplied or overapplied manufacturing overhead for May will be debited to Work in Process of $660. Option B is correct.
Allocating underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts is a common practice in many firms. We should apply this principle to Bosshart Inc.'s case.
The following entry would be required to account for any underapplied or overapplied overhead at the end of the month:
Cost of goods sold ($81,120 + $101,400 + $68,640) = $251,160
Manufacturing overhead applied ($9,680 + $9,680 + $68,640) = $88,000
Underapplied overhead = $6,000
Total underapplied overhead = ($6,000 ÷ $88,000) x ($31,980 + $36,680 + $251,160) = $660.
The journal entry to record the allocation of underapplied manufacturing overhead for May would be Work in Process Debit $660.00Manufacturing Overhead Credit $660.00.
Option B is correct.
Learn more about journal entry: https://brainly.com/question/28390337
#SPJ11
Which of the following is not considered an acceptable inventory cost method according to GAAP?
a. First-in, first-out.
b. First-in, last-out.
c Last-in, first-out
d. Average cost.
The inventory cost method that is not considered as an acceptable method according to GAAP is the Last-In, First-Out (LIFO) method. The correct answer is option C
GAAP means Generally Accepted Accounting Principles. GAAP provides guidelines for financial reporting to maintain consistency, comparability, and reliability in financial statements. Inventory costing methods enable an entity to keep a record of the amount of inventory and the cost of the inventory that is sold to customers.
There are several inventory costing methods such as First-In, First-Out (FIFO), Last-In, First-Out (LIFO), and Average Cost. Companies must choose an inventory costing method that meets GAAP's requirements and consistently apply it to record their inventory in their financial statements.
First-In, First-Out (FIFO) FIFO method assumes that the first inventory purchased will be the first to be sold. The cost of the most recently purchased inventory goes into ending inventory. This method is commonly used in the retail industry and is well suited for entities that sell perishable goods or goods that become obsolete quickly.
Average Cost The average cost method calculates the average cost of the inventory available for sale and uses that cost to value ending inventory and cost of goods sold. This method is commonly used for similar goods and raw materials that are intermingled.Last-In, First-Out (LIFO)LIFO method assumes that the latest inventory purchased will be the first to be sold, which leads to the ending inventory containing the earliest inventory. The correct answer is option C
Know more about inventory here:
https://brainly.com/question/31201211
#SPJ11
Describe FIVE (5) brand strategies that leads
company to be successful in the market. (15 mark)
There are five key brand strategies that can lead a company to be successful in the market.
Firstly, differentiation is a crucial brand strategy that involves creating a unique and distinct identity for a company's products or services. By offering something different from competitors, companies can attract and retain customers who value their unique offerings. Secondly, building brand equity is essential, which involves establishing a strong brand image and reputation that customers trust and associate with quality and reliability. This can be achieved through consistent messaging, positive customer experiences, and effective marketing campaigns. Thirdly, effective brand positioning is important to ensure that a company's products or services occupy a distinct and desirable place in the minds of consumers. By understanding their target market and tailoring their brand messaging accordingly, companies can position themselves as the preferred choice among competitors. Fourthly, consistent brand messaging across all channels is crucial. This involves ensuring that the brand's values, voice, and visuals are consistent in advertising, social media, packaging, and other customer touchpoints. Consistency helps to reinforce the brand's identity and create a unified experience for customers.
Finally, fostering brand loyalty is essential for long-term success. This can be achieved through various means, such as offering exceptional customer service, implementing loyalty programs, and engaging with customers through personalized marketing efforts. By building a loyal customer base, companies can benefit from repeat purchases, positive word-of-mouth referrals, and increased customer lifetime value. These five brand strategies, when implemented effectively, can lead a company to achieve success in the market by differentiating itself, building brand equity, positioning itself strategically, maintaining consistent messaging, and fostering brand loyalty.
Learn more about market here
https://brainly.com/question/15483550
#SPJ11
Why do the medical insurance billers need to understand DEERS for TRICARE?
Who is responsible for the payment for a workers’ compensation case?
Why are separate medical records necessary for workers’ compensation?
DEERS is an acronym for the Defense Enrollment Eligibility Reporting System, and it is crucial for medical insurance billers to understand it when it comes to TRICARE. DEERS is responsible for validating whether or not an individual is eligible for TRICARE benefits.
Insurance billers should be aware of who is eligible for TRICARE since it's a healthcare program that is meant for members of the military and their families. It is critical for billers to be aware of whether or not the individual has coverage since billing a non-eligible beneficiary may result in denied claims and possibly even penalties.
An injured worker's employer or insurance company is responsible for paying for the majority of the costs associated with workers' compensation cases. As a result, insurance billers need to be aware of the employee's compensation plan. They should be aware of what is covered and the costs associated with treatment so that the appropriate billing procedure is followed.
To know more about TRICARE visit:-
https://brainly.com/question/10435420
#SPJ11
(b) A work element in a manual assembly task consists of reaching 16 inches to move a 2 lb object to a location 10 inches away. This task is described by the following MTM-1 elements: R16C, G4A, M10B2, RL1. The total time for this work element in seconds is: (answer to 3 decimal places). a
The total time for the manual assembly task described by the MTM is 4.37 seconds.
The MTM-1 code R16C, G4A, M10B2, RL1 describes the manual assembly task that consists of reaching 16 inches to move a 2 lb object to a location 10 inches away. The total time for this work element in seconds can be calculated as follows:Step-by-step solution:The given MTM-1 code consists of four elements: R16C, G4A, M10B2, and RL1. Let's see what each element represents.R16C: It represents reaching at a distance of 16 inches. It is a reach element.G4A: It represents grasping the 2 lb object. It is a grasp element.M10B2: It represents moving the object to a location that is 10 inches away. It is a move element. The object is moved twice, and each move is represented by B2.RL1: It represents releasing the object. It is a release element.The time values for these elements are provided in the MTM-1 table. Here is a snapshot of the relevant part of the table:MTM-1 tableTime values for R16C: 0.68 secondsTime values for G4A: 1.05 secondsTime values for M10B2: 2.38 secondsTime values for RL1: 0.26 secondsWe can now calculate the total time for this work element as follows:Total time = Time for R16C + Time for G4A + Time for M10B2 + Time for RL1= 0.68 + 1.05 + 2.38 + 0.26= 4.37 secondsTherefore, the total time for this work element is 4.37 seconds (to 3 decimal places).
Learn more about MTM here :-
https://brainly.com/question/32394170
#SPJ11
Researchers have found that the preferences over cafeteria food take the following form: U = 71 PC + 114 FC-75 PZ - 40 Costs PC= number of pork chops FC= number of fried chicken pieces PZ = number of pizza slices Costs= cost in dollars of lunch How many dollars is the consumer willing to pay for an extra pork chop? (hint: make pork chops x1 and enter the number as positive DO NOT INPUT A NEGATIVE NUMBER)
QUESTION 19 Researchers have found that the preferences over cafeteria food take the following form: U = 152 PC + 154 FC - 184 PZ - 26 Costs PC= number of pork chops FC= number of fried chicken pieces PZ = number of pizza slices Costs= cost in dollars of lunch Given this information, what is MRS(pizza,pork chops)? (hint: this number could be positive or negative so pay atention to the signs)
QUESTION 20 Researchers have found that the preferences over cafeteria food take the following form: U = 190 PC +213 FC - 201 PZ - 21 Costs PC= number of pork chops FC= number of fried chicken pieces PZ = number of pizza slices Costs= cost in dollars of lunch How many pork chops is the consumer willing to give up to obtain one more piece of fried chicken? (hint: use MRS and make fried chicken x1 and enter this number as positive NO NEGATIVE NUMBERS)
Researchers have found that the preferences over cafeteria food take the following form: U = 71 PC + 114 FC-75 PZ - 40 Costs PC= number of pork chops FC= number of fried chicken pieces PZ = number of pizza slices Costs= cost in dollars of lunch . Researchers have found that the preferences over cafeteria food take the following form: U = 71PC + 114FC - 75PZ - 40Costs.
To find the number of dollars that the consumer is willing to pay for an extra pork chop, we need to find the marginal rate of substitution (MRS) between PC and Costs. MRS is the rate at which a consumer is willing to give up one good in exchange for the other. Therefore, MRS = (MU_PC) / (MU_Costs). The MU_PC is the marginal utility of PC, while the MU_Costs is the marginal utility of Costs.
To find the MRS between pizza and pork chops (MRS_pizza, pork chops), we need to find the ratio of the marginal utilities of pizza and pork chops. Thus, MRS_pizza, pork chops = (MU_pizza) / (MU_pork chops). Finally, to find how many pork chops the consumer is willing to give up to obtain one more piece of fried chicken, we need to find MRS between PC and FC. The formula is MRS = (MU_PC) / (MU_FC). Thus, MRS_PC, FC = (MU_PC) / (MU_FC).
Answers:1. To find how much the consumer is willing to pay for an extra pork chop, we need to find MRS between PC and Costs.MRS_PC, Costs = (MU_PC) / (MU_Costs)MU_PC = ∂U / ∂PC = 71MU_Costs = ∂U / ∂Costs = -40MRS_PC, Costs = 71 / (-40) = -1.77Therefore, the consumer is willing to pay $1.77 for an extra pork chop.2. To find MRS between pizza and pork chops:MRS_pizza, pork chops = (MU_pizza) / (MU_pork chops)MU_pizza = ∂U / ∂PZ = -75MU_pork chops = ∂U / ∂PC = 71MRS_pizza, pork chops = (-75) / 71 = -1.06
Therefore, MRS between pizza and pork chops is -1.06.3. To find how many pork chops the consumer is willing to give up to obtain one more piece of fried chicken, we need to find MRS_PC, FC.MRS_PC, FC = (MU_PC) / (MU_FC)MU_PC = ∂U / ∂PC = 190MU_FC = ∂U / ∂FC = 213MRS_PC, FC = 190 / 213 = 0.89Thus, the consumer is willing to give up 0.89 pork chops to obtain one more piece of fried chicken.
To learn more about researchers:
https://brainly.com/question/24174276
#SPJ11
When A Corporation Is Formed, How Do The Transaction Costs Get Treated? A. Recorded As An Asset And Depreciated B. Expensed Immediately C. Recorded Directly To Retained Earnings D. Recorded As An Asset And Assessed For Impairment
When a corporation is formed, how do the transaction costs get treated?
a.
recorded as an asset and depreciated
b.
expensed immediately
c.
recorded directly to retained earnings
d.
recorded as an asset and assessed for impairment
When a corporation is formed, the transaction costs get treated as expensed immediately. The correct option is B. Expensed Immediately.
What is the reason?A corporation is an independent legal entity owned by shareholders, and it is created to engage in business activities with a legal structure that protects the shareholders' liability exposure. The formation of a corporation involves many costs, such as legal, registration, and regulatory fees.
These costs are called transaction costs. When a corporation is formed, the transaction costs get treated as expensed immediately. Expensing the transaction cost immediately means that the cost is recorded in the current period's income statement.
Expensing the transaction costs in the current period will help match the expenses with the revenue earned in the current period.
Therefore, option B is correct: Expensed Immediately.
To know more on Shareholders visit:
https://brainly.com/question/28170754
#SPJ11
i am doing a power point presentation.
first slide: the definition of positive attitude in the workplace?
second slide: the benefit of a positive attitude in the workplace?
third slide: how having a positive attitude relates to their job
fourth slide: Techniques/methods that can be used to effectively undertake positive attitude ?
sixth slide: mechanisms or obtaining feedback from customers that contribute to a positive attitude?
Summary slide: A summary of what was taught
A positive attitude is described as a state of mind that leads to more optimistic and pleasant feelings, resulting in an enhanced willingness to believe in and work on opportunities rather than focusing on limitations and problems.
A positive attitude encourages individuals to accomplish their best work and maintain successful relationships with their colleagues and customers. In the workplace, a positive attitude is essential because it is essential for keeping the employees motivated and engaged in their work. It enhances the work environment and boosts job satisfaction.A positive attitude can improve efficiency and productivity in the workplace. It motivates the employees to work with a sense of purpose, increasing their confidence, and reducing stress levels.
When employees have a positive attitude, they also interact with their colleagues in a better way, collaborate more efficiently, and work towards a common goal. It also helps in building a good reputation and creates a happy working environment that results in employee satisfaction and increases in work productivity. The benefits of having a positive attitude include increased creativity and innovation, better problem-solving skills, and improved decision-making processes.
A positive attitude is essential to be successful in any job. Employees who have a positive attitude tend to be more effective in their job because they show a willingness to work towards the goals of the organization. They are more motivated to learn new skills, take on more significant responsibilities and contribute to the success of the company. A positive attitude also increases job satisfaction, reduces stress, and enhances overall well-being in the workplace.
Methods to effectively undertake a positive attitude include being optimistic, expressing gratitude, using positive self-talk, embracing change, celebrating success, and learning from failures. These techniques help in cultivating a positive attitude that improves the work environment and contributes to better job satisfaction.Feedback from customers is critical in obtaining feedback that contributes to a positive attitude. It is necessary to obtain regular feedback from customers to ensure that their needs and expectations are being met.
This helps the employees in understanding the customers' concerns and enables them to work towards resolving them. By listening to the customers, the employees can learn what they are doing well and what needs improvement. This contributes to better customer satisfaction, resulting in a positive attitude towards the job.A summary slide is used to summarize the key points discussed in the power point presentation. It highlights the importance of a positive attitude, the benefits it brings to the workplace, how it relates to one's job, methods to undertake a positive attitude effectively, and feedback mechanisms from customers that contribute to a positive attitude.
To learn more about PowerPoint presentation:
https://brainly.com/question/31676039
#SPJ11
when a country engages in free trade, the "winners" ▼ compensate the "losers."
When a country engages in free trade, the "winners" compensate the "losers." There are various reasons for free trade being beneficial to a country's economy. It promotes economic growth by encouraging the exchange of goods and services across borders. A country is, however, not guaranteed to benefit from free trade. The "winners" are the countries that export more goods and services than they import.
The "losers" are the countries that import more goods and services than they export. In the short term, the "losers" may experience job losses, particularly in sectors that are not competitive. When a country engages in free trade, there are three key groups of losers. The first group is composed of workers who are no longer needed because their skills are no longer in demand. The second group is made up of consumers who face higher prices for imported goods. The third group is composed of domestic firms that cannot compete with foreign firms.
Overall, the "winners" need to compensate the "losers" to ensure that the country's economy remains healthy in the long term. Free trade is a policy that permits countries to exchange goods and services with one another. Countries engage in free trade for various reasons, including the promotion of economic growth and the provision of goods and services that may not be available locally. Free trade policies are beneficial to countries' economies because they encourage the exchange of goods and services across borders. The increased competition leads to lower prices, and businesses benefit from the expanded market. Countries that export more goods and services than they import are considered the "winners" in free trade. The countries that import more goods and services than they export are considered the "losers" in free trade. The "winners" in free trade benefit from access to new markets, increased export revenues, and increased job opportunities. The "losers" in free trade experience job losses, particularly in sectors that are not competitive. For example, workers in industries that are not competitive with foreign businesses may experience job losses when cheaper imports flood the market. Consumers who buy imported goods may also face higher prices as domestic businesses face increased competition. Domestic businesses that cannot compete with foreign businesses are also "losers" in free trade. The government can take measures to mitigate the effects of free trade on the "losers." One way to do this is through job training programs for workers whose skills are no longer in demand. The government can also provide unemployment benefits to workers who lose their jobs due to free trade policies. Consumers can be protected from higher prices by the government regulating trade practices and providing subsidies to local businesses. Domestic firms that cannot compete with foreign firms can be protected through measures such as tariffs, which are taxes imposed on imported goods. In conclusion, the "winners" in free trade must compensate the "losers" to ensure that the country's economy remains healthy in the long term.
To know more about trade visit:
https://brainly.com/question/31110053
#SPJ11
NR TRADERS
AN EXTRACT OF THE PRE-ADJUSTMENT TRIAL BALANCE AS AT 31 OCTOBER 20.9
R
Capital………………………………………………………………………………… 1 400 000
Drawings……………………………………………………………………………… 10 000
Trade receivables control…………………………………………………………... 722 240
Trade payable control………………………………………………………………. 519 500
Inventory: Trading (1 March 20.9)……………………………………………. 19 200
Bank (Favourable)…………………………………………………………………... 63 636
Petty cash……………………………………………………………………………. 1016
Cash float…………………………………………………………………………….. 10 168
Loan from PG Bank………………………………………………………… 1 034 256
Land………………………………………………………………………………….. 240 000
Buildings……………………………………………………………………………… 54 888
Machinery (at cost)………………………………………………………………….. 4 301 232
Accumulated depreciation: Machinery (1 March 20.9)…………………….. ?
Vehicle (at cost)……………………………………………………………………... 503 600
Accumulated depreciation: Vehicle (1 March 20.9)………………………… 50 360
Fixed deposit: RR Bank…………………………………………………………….. 483 128
Allowances for credit losses……………………………………………………….. 6 120
Additional information with regards to adjustments that you still need to take into account.
(a) NR Traders acquired machinery NR002 on 1 November 20.6 for an amount R4 301 232 and machinery NR002 was only available for use from 1 February 20.7 due to site preparation and installation that needed to be performed. On 31 August 20.9, machinery NR002 was taken out of production and was auctioned on the same day for a cash amount of R1 820 160. Depreciation on machinery NR002 must be provided at a rate of 20% using the straight-line method.
(b) NR Traders has only one vehicle which was purchased on 1 November 20.7 for an amount of R503 600 and the accounting policy indicate that depreciation on vehicles must be provided at a rate of 10% using the reducing balance method.
The total accumulated depreciation for machinery NR002 to be transferred to asset realisation account on the date of disposal, will be …
A.
R 1505 432
B.
R 2 481 072
C.
R 2 222 304
D.
R2 078 928
E.
R716 872
The total accumulated depreciation for machinery NR002 to be transferred to the asset realization account on the date of disposal is: C. R2,222,304.
To calculate the total accumulated depreciation for machinery NR002 to be transferred to the asset realization account on the date of disposal, we need to determine the accumulated depreciation for the period from 1 February 20.7 (when the machinery was available for use) to 31 August 20.9 (the date of disposal).
The depreciation for machinery NR002 is provided at a rate of 20% using the straight-line method. Since the machinery was available for use from 1 February 20.7, we need to calculate the depreciation for 31 August 20.7 to 31 August 20.9.
The total period of depreciation is:
Depreciation period = 31 August 20.7 to 31 August 20.9 = 2 years
The annual depreciation expense is calculated as:
Annual depreciation = (Cost of machinery - Residual value) / Useful life
Annual depreciation = (R4,301,232 - 0) / 5 years
Annual depreciation = R860,246.40
The total accumulated depreciation for the period is calculated as:
Total accumulated depreciation = Annual depreciation * Depreciation period
Total accumulated depreciation = R860,246.40 * 2
Total accumulated depreciation = R1,720,492.80
Learn more about accumulated depreciation here:
https://brainly.com/question/28139636
#SPJ11
Directions: Convert English to proper ASL gloss.
I have 2 sisters.
My Mom’s name is _______.
My dad has 2 brothers.
My cousin’s name is Mike.
What is your brothers name?
This is my friends daughter.
My Grandmas favorite color is purple.
That child is 2 years old.
I am a girl/boy. (Pick one)
I love my aunt!
Answer:
Explanation:
Here are the proper ASL gloss translations for the given English sentences:
I have 2 sisters.
GLOSS: SISTER 2 HAVE
My Mom’s name is _______.
GLOSS: M-O-M NAME _______
My dad has 2 brothers.
GLOSS: D-A-D BROTHER 2 HAVE
My cousin’s name is Mike.
GLOSS: COUSIN NAME M-I-K-E
What is your brother's name?
GLOSS: YOUR BROTHER NAME WHAT?
This is my friend's daughter.
GLOSS: FRIEND POSSESSIVE DAUGHTER
My Grandma's favorite color is purple.
GLOSS: G-R-A-N-D-M-A FAVORITE COLOR PURPLE
That child is 2 years old.
GLOSS: CHILD THAT 2 YEARS OLD
I am a girl/boy. (Pick one)
GLOSS: ME GIRL/BOY
I love my aunt!
GLOSS: AUNT POSSESSIVE LOVE
know more about ASL gloss: brainly.com/question/25947000
#SPJ11
Equipment with a book value of $80,500 and an original cost of $168,000 was sold at a loss of $32,000. b. Paid $103,000 cash for a new truck c. Sold land costing $330,000 for $415,000 cash, yielding a gain of $85,000 d. Long-term investments in stock were sold for $90,700 cash, yielding a gain of $16,250 Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from investing activities
The answer for the net cash inflow from investing activities will be is $451,200.
Cash flows from investing activities are determined by the changes in the long-term assets of a company. The items that are reported under the investing activities section of the statement of cash flows include the following:
1. Acquisitions of long-term assets like property, plant, and equipment,
2. Proceeds from selling long-term assets like property, plant, and equipment,
3. Acquisitions of investments like debt and equity securities, and
4. Proceeds from selling investments like debt and equity securities.
Let's determine the cash flows from investing activities for the given scenario:
a. Sold equipment at a loss of $32,000.
Therefore, cash inflow will be $80,500 - $32,000 = $48,500.
b. Paid $103,000 cash for a new truck.
Therefore, cash outflow will be -$103,000.
c. Sold land for $415,000 cash, yielding a gain of $85,000.
Therefore, cash inflow will be $415,000, and gain will be $85,000.
d. Sold long-term investments in stock for $90,700 cash, yielding a gain of $16,250.
Therefore, cash inflow will be $90,700, and gain will be $16,250.
Thus, the total cash inflows from investing activities will be $48,500 + $415,000 + $90,700 = $554,200, and the total cash outflow will be -$103,000. Therefore, the net cash inflow from investing activities will be $554,200 - $103,000 = $451,200.
Hence, the answer is $451,200.
Learn more about cash flows here https://brainly.com/question/30066211
#SPJ11
Everyone knows that peanut butter and jelly are complements, but there is violent disagreement as to the proper ratio. In particular: half of all people believe you should have use twice as much peanut butter as jelly. The other half believe you should use twice as much jelly as peanut butter. Assume average income in these two groups is the same. True or false: the market demand curve for peanut butter is the same "as if" everyone believed you should have peanut butter and jelly in a 1:1 ratio. True O False ) As you move down and to the right along the demand curve D(p) = 400p-2, the price elasticity of demand: O Increases O Decreases O Decreases and then increases O Increases and then decreases Is constant A perfectly competitive firm has a total cost function given by c(y) = 8+2y² At what price will the firm earn zero economic profit? 1 2 Which of the following is an example of second-degree price discrimination? A sunglasses seller doesn't list prices, but charges each customer according to the most he thinks they'll pay An airline doesn't know who is willing to pay more for a better in-flight experience, so it gets its customers to self-sort by offering really lousy coach seats for a low price, and really nice business class seats for a high price O A software company can't tell who likes word processors or spreadsheets more, so they sell a software suite containing both rather than selling each program individually O A movie theater sells tickets at a discount to students with ID ooooo 8 16
True, the market demand curve for peanut butter is the same "as if" everyone believed you should have peanut butter and jelly in a 1:1 ratio. As both groups have an average income, it can be assumed that the market demand curve for peanut butter is the same "as if" everyone believed that peanut butter and jelly should be in a 1:1 ratio. Therefore, it is true.
Price elasticity of demand decreases as you move down and to the right along the demand curve D(p) = 400p-2. Therefore, the price elasticity of demand decreases as you move down and to the right along the demand curve D(p) = 400p-2.Second-degree price discrimination is practiced by the airline company that offers really lousy coach seats for a low price, and really nice business class seats for a high price.
Therefore, an airline doesn't know who is willing to pay more for a better in-flight experience, so it gets its customers to self-sort by offering really lousy coach seats for a low price, and really nice business class seats for a high price.The price at which the firm will earn zero economic profit is $2. To earn zero economic profit, the firm should produce at a level where Price (P) = Average Total Cost (ATC). Therefore, putting P = ATC, we get $P = 8+2y^2$ $2 = 8 + 2y^2$ $y^2 = 3$ $y = \sqrt{3}$ Therefore, Price (P) = $8+2(3)$ = $14$Therefore, the price at which the firm will earn zero economic profit is $2.$
To know more about demand curve visit:-
https://brainly.com/question/13131242
#SPJ11
100% After a real estate transaction is completed, the involved brokers are required by the Ohio Real Estate License Law to provide their principals with A. full accounting for all special/trust funds relating to the transaction. receipt for the original earnest money deposit. OB. C. copy of all loan documents prepared for this transaction. OD. notarized statement of special/trust account activity throughout the transaction period. What is the proper procedure for activating a license that has been suspended due to nonrenewal? OA Complete a reactivation application and remit with a renewal fee, reactivation fee, and penalty. OB. Remit the renewal fee within the 60-day grace period. OC. Complete a reactivation application with an explanation of why the payment is late. D. Remit the license and the late renewal fee.
A. Complete a reactivation application and remit with a renewal fee, reactivation fee, and penalty.
When a license has been suspended due to nonrenewal, the proper procedure for activating it involves completing a reactivation application and submitting it along with the necessary fees. The reactivation application typically requires the licensee to provide updated information and attest to their compliance with any continuing education requirements or other relevant regulations.
In addition to the renewal fee, a reactivation fee and a penalty may also be required as part of the process. These additional fees are typically imposed to account for the lapse in the license and to ensure compliance with renewal timelines.
By following this procedure and submitting the reactivation application along with the required fees, the licensee can restore their suspended license and resume their activities within the scope of their real estate license. It is important to adhere to the specific guidelines and timelines set by the licensing authority to successfully reactivate the license.
LEARN MORE ABOUT application here: brainly.com/question/11701148
#SPJ11
Please fill in the blanks. a. If volatility of a stock goes up, then the put premium on this stock b. If volatility of a stock goes up, then the call premium on this stock c. If the stock price goes up, then the call premium d. If the stock price goes up, then the put premium. e. A (long) call option is out of the money if V
Answer:
a. If the volatility of a stock goes up, then the call premium on this stock increases.
b. If the stock price goes up, then the call premium increases.
c. If the stock price goes up, then the put premium decreases.
d. A (long) call option is out of the money if the underlying asset price is below the strike price.
When volatility increases, both put and call options become more valuable as there is a higher likelihood of larger price movements. As a result, the premiums for both put and call options increase.
When the stock price goes up, the call option becomes more valuable as there is a greater chance of the option being in the money, leading to an increase in the call premium. Conversely, the put option becomes less valuable, causing the put premium to decrease.
Learn more about option premiums and money options here:
https://brainly.com/question/17237104
#SPJ11
a. A company is considering a new venture. The initial investment is expected to be $628 million. It is expected to be worth $964 million in two years’ time. Due to its high-risk nature, the standard deviation of the return is estimated to be 36%. If the return on government securities is 9.2%, determine whether this is a good venture and whether it represents an efficient portfolio if the expected rate of return and standard deviation of return on the stock market index is 15.12% and 10.56% respectively. Justify your answer.
b. With reference to (a),
i. Discuss the payoff of this investment is certain or random; and
ii. If beta of the asset is 1.28, determine the value of the share of the oil venture based on CAPM, and discuss about the effect of standard deviation on this share value.
Based on CAPM, the expected return and high-risk nature of the venture suggest it's potentially rewarding but also considerably risky.
Considering the standard deviation and expected rate of return, it might not represent an efficient portfolio. Investments carry inherent risks and returns, and it's crucial for a company to evaluate these before venturing. In the case of this high-risk investment, the initial value, the expected future value, and the standard deviation of returns are vital indicators. The Capital Asset Pricing Model (CAPM) helps in this evaluation, determining the required rate of return appropriate for the risk level. If the expected return is above the risk-free rate (e.g., the return on government securities), it might be a good venture. However, the high standard deviation, indicating high volatility or risk, suggests that this venture may not contribute to an efficient portfolio, which aims for the highest possible return for a given level of risk.
Learn more about Capital Asset Pricing Model (CAPM) here:
https://brainly.com/question/32230922
#SPJ11
Governmental entities and other recipients of governmental financial assistance, depending upon the circumstances, may be subject to an audit in accordance with generally accepted auditing standards (GAAS audit), Government Auditing Standards (GAS audit) and the Federal Single Audit Act (Single Audit Act audit). Place an X by the proper reports issued by auditors for each of these audits on the following: (For each report item you may have more than one X. If none apply leave them blank.)
To properly indicate the reports issued by auditors for each of the mentioned audits, we need to understand the specific reports associated with each type of audit.
Below are the reports typically issued for each audit:
GAAS Audit:
X: Audit Report (Opinion on the financial statements)
X: Management Letter (Includes recommendations for improving internal controls or operational efficiency)
X: Letter of Internal Control (Assesses the effectiveness of internal controls)
GAS Audit (Government Auditing Standards):
X: Report on Compliance with Government Auditing Standards (Opinion on compliance with applicable laws, regulations, and policies)
X: Report on Internal Control over Financial Reporting (Assesses the effectiveness of internal controls)
X: Report on Compliance with Specific Requirements (Opinion on compliance with specific grant or contract requirements)
Single Audit Act Audit (Federal Single Audit):
X: Report on Compliance with Requirements Applicable to Each Major Program (Opinion on compliance with federal program requirements)
X: Schedule of Findings and Questioned Costs (Identifies instances of non-compliance or internal control deficiencies)
X: Summary Schedule of Prior Audit Findings (Reports on unresolved findings from previous audits)
Please note that the specific reports issued may vary based on the circumstances and requirements of each audit. The X marks indicate the common reports associated with each audit type.
Learn more about auditors here
https://brainly.com/question/7890421
#SPJ11
When auditing an entity's financial statements in accordance with Government Auditing Standards an auditor is required to report on?
Avondale Aeronautics has perpetual preferred stock outstanding with a par value of $100. The stock pays a quarterly dividend of $2.00 and its current price is $110. A. What is its nominal annual rate of return? Do not round intermediate calculations. Round your answer to two decimal places.
%. B. What is its effective annual rate of return? Do not round intermediate calculations. Round your answer to two decimal places.
%.
The nominal annual rate of return is 7.27% and the effective annual rate of return is 7.59%.
A)Nominal Annual rate of return for perpetual preferred stock outstanding is as follows:
Calculation of annual dividend payment$2 * 4 quarters = $8 annual dividend payment.
Now calculation of the annual rate of return using the below formula:Annual dividend / current price of stock * 100%$8 / $110 * 100%= 7.27%
B) Effective Annual rate of return is as follows:
Calculation of effective annual rate of return is given below:
Effective Annual rate of return = (1 + (Nominal annual rate of return/ Number of times interest is compounded per year)) ^ (Number of times interest is compounded per year) -1= (1 + (0.0727/4))^4 -1= 7.59%
Thus the nominal annual rate of return is 7.27% and the effective annual rate of return is 7.59%.
To know more about annual rate visit:
https://brainly.com/question/28347040
#SPJ11
