Which of the following statements are CORRECT in relation to direct materials price variances?
I. Favourable variance may occur because of using lower quality materials purchased at lower price.
II. Favourable variance may occur because of using lower quality materials purchased at lower price without negative effects on finished products' quality.
III. Favourable variance may occur because of using normal quality materials purchased at lower price.
IV. Favourable variance may occur because of using higher quality materials purchased at lower than standard price due to trade discounts.
Select one:
A.
All answers are correct.
B.
I, II and III only.
C.
I, II and IV only.
D.
I, III and IV only.

Answers

Answer 1

In relation to direct materials price variances, the correct answer is [B] I, II, and III only.

Statement I is correct because a favorable variance can occur if lower quality materials are purchased at a lower price. This means the actual cost of the materials is lower than the standard cost, resulting in a cost savings.

Statement II is correct as well. It states that a favorable variance can occur if lower quality materials are purchased at a lower price without negatively affecting the quality of the finished products. This implies that the lower quality materials are still suitable for the intended purpose, allowing for cost savings without compromising the product quality.

Statement III is also correct. It suggests that a favorable variance can occur when normal quality materials are purchased at a lower price. In this case, the materials meet the required quality standards, and the cost savings are achieved through efficient purchasing practices or favorable market conditions.

Statement IV is incorrect because it mentions using higher quality materials purchased at a lower than standard price due to trade discounts. While it may result in cost savings, it would not be considered a favorable variance for direct materials price, as the standard price is based on the cost of normal quality materials.

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Related Questions

Conveyor Belt Project
Part 4 Based on the file created at the end of Part 3, prepare a memo that addresses the following questions: 1. How much will the project cost? 2. What does the cash flow statement tell you about how costs are distributed over the life span of the project? Include a monthly cash flow and a cost table for the project. Once you are confident that you have the final schedule, save the file as a baseline. Hint: Save a backup file just in case without baseline!

Answers

The cash flow statement reveals the distribution of costs over the lifespan of the project.

Memo

To: [Project Team]

From: [Your Name]

Date: [Date]

Subject: Conveyor Belt Project Cost Analysis and Cash Flow Statement

I am writing to provide an analysis of the projected costs and cash flow distribution for the Conveyor Belt Project based on the file created at the end of Part 3.

1. Project Cost:

The total cost of the Conveyor Belt Project is estimated to be $X,XXX,XXX. This includes the initial investment in equipment, labor costs, material expenses, maintenance, and overhead costs over the lifespan of the project.

A detailed breakdown of the costs can be found in the attached cost table.

2. Cash Flow Statement:

The cash flow statement indicates how costs are distributed over the lifespan of the project. It provides insights into the timing and magnitude of cash inflows and outflows. The monthly cash flow for the project is presented in the attached cash flow statement.

The cash flow statement reveals that costs are distributed unevenly over the life span of the project. Initially, there is a significant cash outflow due to the investment in equipment, materials, and labor.

As the project progresses, operating expenses, such as maintenance and overhead costs, contribute to ongoing cash outflows. However, the project generates cash inflows from product sales, which help offset some of the costs.

In conclusion, the total cost of the Conveyor Belt Project is estimated to be $X,XXX,XXX. The cash flow statement demonstrates the distribution of costs over time, highlighting the initial investment followed by ongoing expenses and cash inflows from sales.

Please refer to the attached tables for a detailed breakdown of the monthly cash flow and project costs.

Kindly note that the attached file also includes a baseline schedule for the project. Remember to save a backup file without the baseline to ensure project data integrity.

If you have any further questions or need clarification, please don't hesitate to reach out.

Thank you.

[Vicky]

[Your Position]

[Contact Information]

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Consider a household with preferences over N goods represented by the constant elasticity of substitution utility function: U(x 1

,…,x N

)=[∑ i=1
N

x i
rho

] rho
1

rho≤1. a. Calculate the household's marginal utility from consuming good i. b. How does this marginal utility depend on the number of goods consumed, N ? How is this affected by the parameter rho ? c. What happens if rho=1 ? Suppose now that N=2 so that the household consumes just 2 goods and the utility function is now: U(x 1

,x 2

)=[x 1
rho

+x 2
rho

] rho
1

rho<1. d. Let p 1

and p 2

be the prices of goods 1 and 2 (i.e. of x 1

and x 2

) and the household's income by M. Show how you could derive the household's demand functions for goods 1 and 2. That is, set up the household's utility maximization problem and describe the steps for solving it.

Answers

a. The marginal utility of consuming good i is given by MU_i = rho (xi)^(rho-1).

b. The marginal utility depends on the number of goods consumed, N, and the parameter rho, which determines the rate of diminishing marginal utility. If rho is greater than 1, the marginal utility decreases faster as consumption increases. If rho is less than 1, the marginal utility decreases slower.

a. The marginal utility of consuming good i can be calculated by taking the derivative of the utility function with respect to xi:

MU_i = rho (xi)^(rho-1)

b. The marginal utility depends on the number of goods consumed, N, as it is a function of the individual goods xi. As N increases, the marginal utility of each good decreases. This is because the household's total utility is spread across more goods, leading to a diminishing marginal utility for each additional unit consumed.

The parameter rho also affects the marginal utility. If rho is greater than 1, the marginal utility decreases at a faster rate as consumption of the good increases. If rho is less than 1, the marginal utility decreases at a slower rate.

c. If rho = 1, the utility function becomes U(x1, ..., xN) = ln(x1) + ln(x2) + ... + ln(xN). In this case, the marginal utility of each good i is simply 1/xi. The marginal utility does not depend on rho, and it follows a logarithmic pattern.

d. To derive the household's demand functions for goods 1 and 2, we can set up the household's utility maximization problem. The objective is to maximize utility subject to the budget constraint.

The optimization problem can be written as:

Maximize U(x1, x2) = (x1^rho + x2^rho)^(1/rho)

Subject to p1x1 + p2x2 = M

To solve this problem, we can use the Lagrange multiplier method. Set up the Lagrangian function L as follows:

L(x1, x2, λ) = (x1^rho + x2^rho)^(1/rho) - λ(p1x1 + p2x2 - M)

Next, take the partial derivatives of L with respect to x1, x2, and λ, and set them equal to zero:

∂L/∂x1 = (1/rho)(x1^rho + x2^rho)^(1/rho - 1) * rho * x1^(rho-1) - λp1 = 0

∂L/∂x2 = (1/rho)(x1^rho + x2^rho)^(1/rho - 1) * rho * x2^(rho-1) - λp2 = 0

∂L/∂λ = p1x1 + p2x2 - M = 0

Solve this system of equations to find the optimal values of x1 and x2, which represent the household's demand functions for goods 1 and 2.

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Suppose that the current exchange rate is €1.00 = $1.80. The indirect quote, from the U.S. perspective is
a. €1.80= $1.00
b. €0.6250-$1.00.
c. €0.5556 $1.00
d. €1.00-$1.80.

Answers

Given that the current exchange rate is €1.00 = $1.80. We have to determine the indirect quote from the US perspective. Indirect quote The Indirect quote is an expression of the quantity of foreign currency required to purchase or sell a unit of the domestic currency.

What is a current exchange rate? A current exchange rate is the current value of a country's currency in terms of another currency. It is the price at which one currency can be exchanged for another currency. Suppose that the current exchange rate is €1.00 = $1.80.Indirect quote, from the U.S. perspective is: $1.00/ €1.80 = €0.5556/$1.00So, the correct option is (c) €0.5556 $1.00.

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1. Which of the following has been shown to lead to the most claims of discrimination?
- cognitive ability tests
- unstructured interviews
- structured interviews
2. Which of the following appears to be the best conclusion regarding personality and selection?
-personality explains all of human behavior
- There are literally hundreds of traits that comprise the core of personality
- There is a constellation of 5 core personality traits and this core is useful in selection

Answers

1. Unstructured interviews have been shown to lead to the most claims of discrimination.

2. The best conclusion regarding personality and selection is that there is a constellation of 5 core personality traits, and this core is useful in selection.

1. Research has indicated that unstructured interviews tend to lead to the most claims of discrimination. Unstructured interviews lack standardized questions and scoring criteria, which can result in biases and inconsistencies in evaluating candidates. This subjective nature can increase the likelihood of discrimination claims as it allows for individual biases and prejudices to influence the hiring decision.

2. The best conclusion regarding personality and selection is that there is a constellation of 5 core personality traits, known as the Big Five or OCEAN (Openness, Conscientiousness, Extraversion, Agreeableness, Neuroticism), and this core set of traits is useful in selection. While personality is complex and comprises numerous traits, extensive research has shown that these five traits capture the most significant dimensions of personality and can provide valuable insights into job performance and fit. However, it is important to consider other factors in conjunction with personality traits for comprehensive selection and assessment.

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Two division managers in NLH, Inc. are individually considering whether to invest in a new product. Before the investment, the Wales division manager earns an average return on investment of 11%. The Campbell division manager earns an average of 9.5%. Managers are compensated based on improving return on investment. Projected profit from the investment is $20,000. The investment required for the project is $200,000. The cost of capital at NLH, Inc. has been set by upper management at 10.5%. Which manager(s) will exhibit behavior consistent with the underinvestment problem?
Only the Wales division manager
Only the Campbell division manager
Both division managers
Neither division manager

Answers

The manager of the Campbell division might also hesitate, with a 9.5% average return on investment.to spend money on the new item.  The underinvestment problem describes a circumstance in which managers are reluctant to invest in projects with a positive net present value because of their financial motivations.

Both division managers will act in a way that is consistent with the underinvestment issue in this scenario. The Wales division manager will probably be hesitant to invest in the new product despite receiving an average return on investment of 11% because the cost of capital determined by senior management is 10.5%. The manager of the Wales division may believe that the investment does not reach the acceptable threshold since the predicted profit of $20,000 is less than the needed return based on the cost of capital. According to their remuneration incentives, the investment might not be seen favourably because the estimated profit of $20,000 is below the cost of capital. The underinvestment issue is a result of the tension between the compensation incentives for both division managers and the cost of capital. Even if riskier investments have a positive net present value, managers may prioritise avoiding those that fall below the top management-set needed return levels.

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For which products would exclusive distribution be most appropriate? Select one: a. Harley-Davidson motorcycle b. Louis Vuitton luggage c. Ray-Ban sunglasses d. Petrol e. Rolls-Royce automobile

Answers

Louis Vuitton luggage is a luxury good, and as such, it would be appropriate for exclusive distribution. The answer is b. Louis Vuitton luggage.

Luxury goods are often associated with high prices, high quality, and exclusivity. Exclusive distribution helps to reinforce these associations by making it difficult for consumers to find the product.

This creates a sense of demand and scarcity, which can drive up prices and make the product more desirable.

In addition, exclusive distribution can help to protect the brand image of luxury goods. By limiting the number of retailers who sell the product, the brand can ensure that the product is only sold in high-end stores.

This helps to maintain the perception of the product as being exclusive and high-quality.

For these reasons, exclusive distribution is a good fit for luxury goods like Louis Vuitton luggage. By limiting the availability of the product, the brand can create a sense of exclusivity and prestige that can drive up prices and demand.

Hence, The answer is b. Louis Vuitton luggage.

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You need to determine the selling price per unit for one of your firm’s products. You have been provided the following data to calculate the selling price.
Labor: 12.8 hours at 18.75 per hour
Overhead: 92% of labor
Material Costs: $65.10
Packing Costs: 10% of materials
Sales Commission: 10% of selling price
Profit: 22% of selling price
A. $532.41
B. Not enough information to determine.
C. $782.96
D. $702.78

Answers

The selling price per unit is approximately $682.18.

To determine the selling price per unit, we need to calculate the total cost and then add the desired profit margin. Let's calculate the selling price step by step:

Labor cost:

Labor cost = 12.8 hours * $18.75 per hour = $240

Overhead cost:

Overhead cost = 92% of labor cost = 0.92 * $240 = $220.80

Material cost:

Material cost = $65.10

Packing cost:

Packing cost = 10% of material cost = 0.10 * $65.10 = $6.51

Total cost:

Total cost = Labor cost + Overhead cost + Material cost + Packing cost

Total cost = $240 + $220.80 + $65.10 + $6.51 = $532.41

Profit:

Profit = 22% of selling price

Let's denote the selling price as 'x.' The equation for profit can be written as:

Profit = 0.22x

To determine the selling price, we need to solve the equation:

x = Total cost + Profit

x = $532.41 + 0.22x

Simplifying the equation:

0.78x = $532.41

x ≈ $682.18

Therefore, the selling price per unit is approximately $682.18.

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Your superiors have asked you to investigate your current marketing strategy to evaluate whether your organisation is keeping up with the current trends. You start your evaluation by looking at the marketing process and how your organisation aims to capture value from your customers.

Briefly discuss the marketing process and how your organisation uses this process to develop its marketing strategy. In your response, identify the environmental factors that may impact your marketing process by referring to the trends highlighted by Forbes (2022).

Use the rubric to guide you.

Answers

The marketing process is the process through which an organization establishes the value of its goods and services for consumers. The process is composed of four major components: identification of the target market, creation of the product or service, determination of the marketing plan, and monitoring and analysis of results.

This question asks us to examine how an organization uses the marketing process to develop its marketing strategy. Also, it asks us to identify environmental factors that may impact the marketing process and trend highlighted by Forbes (2022).Marketing strategy development: A marketing strategy is a comprehensive, long-term plan for how an organization will reach its customers and achieve its goals. The marketing process, when implemented properly, can aid in the creation of this plan. First, the organization must establish its target market and learn about the people who will be purchasing its products or services. The organization must then create a product or service that is tailored to the needs of these customers. A marketing plan must then be developed to communicate the value of the product to the target market. This plan can include advertising, promotion, public relations, and other strategies. Finally, the organization must monitor and analyze the results of its marketing efforts to determine whether its goals are being achieved. Environmental factors: Environmental factors can significantly impact the marketing process and the marketing strategy development process. Forbes (2022) has highlighted several trends that are expected to influence the marketing industry in the near future. These trends include increased emphasis on digital marketing, a focus on personalized experiences for customers, the rise of artificial intelligence and automation in marketing, and a shift toward sustainability and environmental responsibility. These trends should be considered by any organization looking to develop a successful marketing strategy.

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Cathy Company has two divisions, L and M. During July, Division L had sales of $80,000, a contribution margin ratio of 30%, and a segment margin of $10,000. The company as-a-whole had sales of $200,000, a contribution margin ratio of 40%, and a segment margin for the two divisions totaling $30,000. If operating income for the company was $15.000 for the month, the traceable fixed costs in Division M must have been: $56,000 $36,000 $15,000 $20,000 $0,000

Answers

The traceable fixed costs in Division M must have been $15,000. (Option c. $15,000)

Let's break down the information provided and calculate the traceable fixed costs in Division M step by step.

1. We are given the following information for Division L:

Sales: $80,000Contribution Margin Ratio: 30%Segment Margin: $10,000

2. We are also given the following information for the company as a whole:

Total Sales: $200,000Contribution Margin Ratio: 40%Total Segment Margin for both divisions: $30,000

3. The operating income for the company is given as $15,000.

To start, let's calculate the contribution margin for Division L:

Contribution Margin (L) = Sales (L) * Contribution Margin Ratio (L)

                                       = $80,000 * 0.30

                                        = $24,000

Next, let's determine the contribution margin for Division M. Since we have the total contribution margin for both divisions and the contribution margin for Division L, we can find the contribution margin for Division M by subtracting Division L's contribution margin from the total segment margin:

Contribution Margin (M) = Total Segment Margin - Contribution Margin (L)

                                         = $30,000 - $24,000

                                         = $6,000

Now, we can use the equation for calculating traceable fixed costs:

Operating Income = Segment Margin - Traceable Fixed Costs

Plugging in the known values:

$15,000 = $30,000 - Traceable Fixed Costs (M)

To find the traceable fixed costs in Division M, we rearrange the equation:

Traceable Fixed Costs (M) = $30,000 - $15,000

                                            = $15,000

Therefore, the traceable fixed costs in Division M must have been $15,000. The correct answer is option c. $15,000.

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Question 2
PRAISE Partnership is established by Pipa and Pipo in April 2017. Total capital contribution is RM125,000 in which Pipa contributes RM75,000 and Pipo contributes the remaining balance. The interest on capital allocated for each partner is 6% per annum. The partners agreed to share the profit and losses equally. Pipa's salary per month is RM5,300 and Pipo's salary per month is RM4,200.
Pipo withdraw her partnership on 31 August 2020 and replaced by Pipu with capital contribution RM46,000. Pipu will receive 40% of the sharing profit and losses.
The partnership's trading, profit and loss account for the year ended 31.12.2020 was as follows:
RM
- Sales proceeds 2,536,000
- Less: Cost of sales (1,017,000)
- Gross profit 1,519,000
- Less: Business expenses (609,112)
- Net profit for the year 909,888
Additional information:
a) Included in the sales proceeds is shop lot rental income RM14,400 and gain from asset disposal RM17,250.
b) Items incurred in the business expenses: - Renovation with new modern concept at the office lobby RM10,800;
- Depreciation for fixed assets RM54,000;
- Paid RM1,700 for Pipa's monthly car installment which the car is for personal used;
- Partners' salary RM114,800 and partners' interest on capital. c) Qualifying expenditure for plant and machinery at the end of the year is RM76,000.
Required:
Calculate the statutory income of each partner from the partnership for the Year of Assessment 2020.
Total: 20 marks

Answers

Statutory income: It is a type of income that is subjected to the income tax rate. The computation of statutory income takes into account any business expenses that are allowed as a deduction.

Statutory income is calculated using the following formula: Statutory income = Assessable income – deductions allowed by the tax code

To calculate the statutory income for each partner for the year ended 31 December 2020, we need to follow the following steps:

Step 1: Calculate the Partnership's assessable income.

Assessable income = Net profit + non-business income – non-deductible expenses

Assessable income = RM909,888 + RM31,650 – RM0 = RM941,538

RM14,400 and RM17,250 non-business income are added.RM10,800 renovation and RM1,700 Pipa's monthly car installment are not deductible expenses.

Step 2: Calculate the Partnership's deductions allowed by tax code.

Deductions allowed by tax code: Partners' salary = RM114,800

Interest on capital: Pipa: RM75,000 x 6% = RM4,500

Pipo: RM50,000 x 6% x 8/12 = RM2,000

Pipu: RM46,000 x 6% x 4/12 x 40% = RM368

Total interest on capital = RM6,868

Depreciation: RM54,000

Qualifying expenditure for plant and machinery = RM76,000

Total deductions allowed by tax code = RM251,668

Step 3: Calculate the Partnership's statutory income.

Statutory income = Assessable income – deductions allowed by the tax code

Statutory income = RM941,538 – RM251,668 = RM689,870

Step 4: Allocate the statutory income between the partners equally.

Statutory income per partner = RM689,870 ÷ 2 = RM344,935Therefore, the statutory income of each partner from the partnership for the Year of Assessment 2020 is RM344,935.

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What is the value today of a money machine that will pay $1,340.00 every six months for 16.00 years? Assume the first payment is made 1.00 years from today and the interest rate is 14.00%.

What is the value today of a money machine that will pay $5,424.00 per year for 28.00 years? Assume the first payment is made today and that there are 28.0 total payments. The interest rate is 15.00%.

Answers

The value today of a money machine that will pay $1,340.00 every six months for 16.00 years is $21,003.38. The value today of a money machine that will pay $5,424.00 per year for 28.00 years is $61,207.77.

To calculate the present value of future cash flows, we can use the formula for the present value of an annuity:

PV = C × (1 - (1 + r)⁽⁻ⁿ⁾) / r

where PV is the present value, C is the cash flow per period, r is the interest rate per period, and n is the number of periods.

(a) For the money machine that will pay $1,340.00 every six months for 16.00 years, with the first payment made 1.00 years from today and an interest rate of 14.00%, we need to adjust the interest rate and the number of periods since the cash flows occur every six months.

First, let's calculate the equivalent interest rate and the number of six-month periods:

Periodic interest rate (r) = 14.00% / 2 = 7.00%

Number of periods (n) = 16.00 years × 2 = 32

Now we can calculate the present value (PV):

PV = $1,340.00 × (1 - (1 + 0.07)⁽⁻³²⁾) / 0.07

PV ≈ $1,340.00 × 15.6632 ≈ $21,003.38

Therefore, the value today of the money machine is approximately $21,003.38.

(b) For the money machine that will pay $5,424.00 per year for 28.00 years, with the first payment made today and an interest rate of 15.00%, we can directly use the formula for the present value of an annuity.

PV = $5,424.00 × (1 - (1 + 0.15)⁽⁻²⁸⁾) / 0.15

PV ≈ $5,424.00 × 11.2751 ≈ $61,207.77

Therefore, the value today of the money machine is approximately $61,207.77.

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Suppose A Financial Manager Buys Call Options On 20,000 Barrels Of Oil With An Exercise Price Of $95 Per Barrel. She Simultaneously Sells A Put Option On 20,000 Barrels Of Oil With The Same Exercise Price Of $95 Per Barrel. What Are Her Payoffs Per Barrel If Oil Prices Are $87, $92, $95, $98, And $103?
Suppose a financial manager buys call options on 20,000 barrels of oil with an exercise price of $95 per barrel. She simultaneously sells a put option on 20,000 barrels of oil with the same exercise price of $95 per barrel. What are her payoffs per barrel if oil prices are $87, $92, $95, $98, and $103?

Answers

The financial manager's payoffs per barrel are -$8, $0, $0, $3, and $8 for oil prices of $87, $92, $95, $98, and $103, respectively.

A call option gives the buyer the right, but not the obligation, to buy a specified quantity of an underlying asset (in this case, oil) at a predetermined price (the exercise price) within a certain period of time.

On the other hand, a put option gives the buyer the right, but not the obligation, to sell a specified quantity of the underlying asset at the exercise price within a certain period of time.

In this scenario, the financial manager buys call options and sells put options, both with an exercise price of $95 per barrel of oil.

If the oil price is below $95, the call option is out-of-the-money and will not be exercised. The financial manager's payoff per barrel for these prices would be $0.

If the oil price is equal to or above $95, the call option is in-the-money and can be exercised for a profit. However, since the financial manager sold a put option, they are obligated to buy oil at the exercise price of $95 per barrel if the price falls below $95.

For oil prices of $87, $92, $95, $98, and $103, the financial manager's payoffs per barrel would be calculated as follows:

- If oil price is $87: Call option payoff = $0, Put option payoff = -$8 (buying at $95 and selling at $87)

- If oil price is $92: Call option payoff = $0, Put option payoff = $0 (option not exercised)

- If oil price is $95: Call option payoff = $0, Put option payoff = $0 (option not exercised)

- If oil price is $98: Call option payoff = $3 (selling at $98 - $95 exercise price), Put option payoff = $0 (option not exercised)

- If oil price is $103: Call option payoff = $8 (selling at $103 - $95 exercise price), Put option payoff = $0 (option not exercised)

Therefore, the financial manager's payoffs per barrel are -$8, $0, $0, $3, and $8 for oil prices of $87, $92, $95, $98, and $103, respectively.

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How long would it take for a $300,000 investment at 8%
compounded annually to be worth $1 million?

Answers

It would take approximately 36.6 years for a $300,000 investment at an annual interest rate of 8% compounded annually to reach $1 million.

This calculation is based on the compound interest formula: Future Value = Present Value × (1 + Interest Rate)^Time. In this case, we need to solve for Time. By plugging in the values, we can find that Time ≈ log(1,000,000/300,000) / log(1 + 0.08) ≈ 36.6 years.

To explain the calculation in more detail, we can use the compound interest formula:

Future Value = Present Value × (1 + Interest Rate)^Time

In this case, the Present Value is $300,000, the Interest Rate is 8% (or 0.08 as a decimal), and we need to find the Time required to reach a Future Value of $1 million.

Rearranging the formula to solve for Time, we have:

Time = log(Future Value / Present Value) / log(1 + Interest Rate)

Plugging in the values, we get:

Time = log(1,000,000 / 300,000) / log(1 + 0.08) ≈ 36.6 years

Therefore, it would take approximately 36.6 years for the $300,000 investment, compounded annually at 8%, to grow to $1 million.

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Intro Idaho Engineering Inc. has a target capital structure of 31% debt, 10% preferred stock and 59% common stock. The interest rate on new debt is 4.9% (before taxes), the yield on preferred stock is 8% and the cost of retained earnings is 14%. The firm will not be issuing any new stock, and the tax rate is 32%. Part 1 What is the company's weighted average cost of capital? 3+ decimals Submit Attempt 1/10 for 1 pts. Intro Munich Re Inc. is expected to pay a dividend of $4.82 in one year, which is expected to grow by 4% a year forever. The stock currently sells for $64 a share. The before-tax cost of debt is 9% and the tax rate is 34%. The target capital structure consists of 30% debt and 70% equity. Part 1 What is the company's weighted average cost of capital? 3+ decimals BAttempt 2/10 for 1 pts. Submit Intro Runtan Inc. has just paid an annual dividend of $0.45 per share. Analysts expect the firm's dividends to grow by 4% forever. Its stock price is $36.3 and its beta is 1.4. The risk-free rate is 2% and the expected return on the market portfolio is 8%. Part 1 What is the best guess for the cost of equity? 3+ decimals Submit Attempt 1/10 for 1 pts.

Answers

The weighted average cost of capital (WACC) for Idaho Engineering Inc. is approximately 9.86%.

To calculate the WACC, we need to find the cost of each component of capital (debt, preferred stock, and common stock) and weight them according to their proportions in the capital structure.

The cost of debt is given as 4.9% before taxes. Since the tax rate is 32%, the after-tax cost of debt is 4.9% * (1 - 0.32) = 3.328%.

The cost of preferred stock is 8%.

The cost of common stock (retained earnings) is given as 14%.

To calculate the weighted average cost of capital, we multiply the cost of each component by its weight and sum them up:

WACC = (0.31 * 3.328%) + (0.10 * 8%) + (0.59 * 14%) ≈ 9.86%

Therefore, the company's weighted average cost of capital is approximately 9.86%.

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How many seasons of data does triple exponential smoothing
need?
1
2
3
4

Answers

Triple exponential smoothing, also known as Holt-Winters' method, typically requires at least three seasons of data.

This method is used for forecasting time series data with trend and seasonality components. It uses three smoothing parameters to estimate the level, trend, and seasonality of the data.

To capture and model the seasonality patterns effectively, a minimum of three complete seasons of data is generally required. By analyzing multiple seasons, the model can better identify the seasonal patterns and make more accurate forecasts. Therefore, the correct answer is 3.

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5. Why can it be bad business practice to not maintain adequate inventory? A. Results in high inventory carrying costs B. Results in a long average collection period C. Can result in stockouts and lost business D. Can result in a long average payment period E. None of the above

Answers

The correct answer is C. Can result in stockouts and lost business. Maintaining adequate inventory is crucial for the smooth operation and success of a business.

Not having enough inventory can lead to various negative consequences, affecting both the financial performance and customer satisfaction. While options A and D may be indirect consequences of inadequate inventory management, option C directly addresses the negative impact of stockouts and lost business, which is a primary concern.

1. Stockouts and Lost Business:

One of the significant risks of not maintaining adequate inventory is the occurrence of stockouts, which means running out of stock for a particular product. Stockouts can have severe consequences for a business. When customers find that the desired product is unavailable, they may choose to purchase from a competitor, resulting in lost sales and potential long-term customer dissatisfaction. Customers who have negative experiences due to stockouts are less likely to return in the future and may spread negative word-of-mouth, further damaging the business's reputation.

2. Customer Dissatisfaction and Loyalty:

Inadequate inventory levels can lead to a decline in customer satisfaction. Customers expect products to be readily available when they want to make a purchase. If they consistently encounter stockouts or experience delays in receiving their desired items, they may lose trust in the business's ability to meet their needs. This can result in a decline in customer loyalty and a shift to competitors who can provide consistent availability of products.

3. Missed Revenue Opportunities:

Insufficient inventory levels can lead to missed revenue opportunities. If customers are unable to find the products they want due to stockouts, they may choose alternative products or delay their purchase. In both cases, the business loses potential sales and revenue. Moreover, customers who face stockouts may explore other brands and develop preferences for competitors' products, causing long-term revenue loss.

4. Operational Inefficiencies:

Inadequate inventory levels can disrupt the overall operational efficiency of a business. It may result in frequent rush orders, higher transportation costs, and inefficient use of resources. Rush orders often come with higher costs, such as expedited shipping fees, which can erode profit margins. Additionally, insufficient inventory may lead to inefficient production and procurement processes, resulting in increased lead times and higher costs.

While options A and D mentioned in the question are valid considerations, they are indirect consequences of inadequate inventory management. High inventory carrying costs (option A) can be a result of overstocking or poor inventory control, while a long average payment period (option D) can be influenced by cash flow management. However, option C directly addresses the primary negative consequence of not maintaining adequate inventory: stockouts and lost business.

In conclusion, not maintaining adequate inventory can be detrimental to a business as it can result in stockouts and lost business. By failing to meet customer demand, businesses risk losing sales, customer satisfaction, and long-term loyalty. It is crucial for businesses to carefully manage their inventory levels to ensure a balance between meeting customer needs and controlling costs.

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Recognise and articulate the risks of the alliance
.
examine the risks and current issues of the alliance for
Qantas.

Answers

The alliance poses certain risks for Qantas. These risks include potential conflicts of interest and competition concerns. Additionally, the alliance may face challenges related to regulatory approvals and changes in market dynamics.

The alliance undertaken by Qantas carries inherent risks that need to be carefully considered. One significant risk is the potential for conflicts of interest between the involved parties. When collaborating closely with another airline or partner, Qantas may encounter situations where its interests clash with those of the alliance partner. Disagreements over strategic decisions, pricing, or route allocations could arise, potentially leading to friction and strained relationships within the alliance.

Another risk for Qantas lies in competition concerns. Although alliances often aim to enhance competitiveness, they can also raise antitrust and competition issues. Regulatory bodies may scrutinize the alliance for potential anti-competitive practices, such as collusion or monopolistic behavior. If such concerns arise, Qantas could face legal challenges, fines, or even forced dissolution of the alliance, adversely impacting its operations and market position.

Furthermore, the alliance may face challenges related to regulatory approvals and changes in market dynamics. Obtaining regulatory approvals for the alliance from relevant authorities can be a complex and time-consuming process. Delays or rejections in securing these approvals could hinder the alliance's effectiveness and delay its expected benefits. Additionally, market dynamics are subject to constant change, including shifts in customer preferences, economic conditions, or industry regulations. Adapting to these changes and maintaining the relevance and viability of the alliance requires ongoing vigilance and proactive measures.

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Which of the following statements are NOT reasons for selling 100% of a segregated asset? I. To exit a weak business. II. In a hostile defence scenario, selling a valuable asset to make the overall company less attractive. III. In the context of a M&A deal, selling an asset of the newly merged company to appease antitrust concerns. IV. To pay down debt. A) II and III only. B) III only. C) All of the above. D) None of the above

Answers

None of the given options is the statement that is not a reason for selling 100% of a segregated asset is "None of the above." correct answer is option D

The first statement, "To exit a weak business," is a valid reason for selling a segregated asset. If a business is performing poorly and there is little prospect for improvement, selling the asset associated with that business can allow the company to focus on more profitable ventures.

The second statement, "In a hostile defense scenario, selling a valuable asset to make the overall company less attractive," is also a valid reason. In such a scenario, a company may sell a valuable asset to deter hostile takeovers or make the company less appealing to potential acquirers.

The third statement, "In the context of an M&A deal, selling an asset of the newly merged company to appease antitrust concerns," is another valid reason. If regulatory authorities have concerns about the newly merged company's market dominance, selling off an asset can help address those antitrust concerns.

The fourth statement, "To pay down debt," is a common reason for selling a segregated asset. Selling an asset can generate funds that can be used to reduce or eliminate outstanding debt obligations. Therefore, the correct answer is D)  

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Marigoid, Inc, manufactures clamps used in the overhead bin latches of several leading airplane models. George Robinson, president of Marigold, Inc, has gathered the following cost information from the company's accounting records for the latest month of operations. (a) Calculate the total period costs for the month. Total period costs (b) Calculate the total product costs for the month. Total product costs $ (c) Calculate the amount of manufacturing overhead incurred for the month.

Answers

a) The total period costs for the month amount to $73,000.

b) The total product costs for the month amount to $65,000.

c) The amount of manufacturing overhead incurred for the month is $15,000.

(a) The total period costs for the month can be calculated by adding up all the costs that are not directly related to the production of the clamps.

These costs typically include selling, general, and administrative expenses (SG&A), such as salaries, rent, utilities, and marketing expenses.

To calculate the total period costs, we need more specific cost information. However, assuming we have the necessary data, we would add up all the relevant expenses incurred during the month.

Let's say the total period costs are as follows:

Salaries and wages: $50,000

Rent: $10,000

Utilities: $5,000

Marketing expenses: $8,000

Total period costs = Salaries and wages + Rent + Utilities + Marketing expenses

Total period costs = $50,000 + $10,000 + $5,000 + $8,000

Total period costs = $73,000

The total period costs for the month of operations for Marigold, Inc amount to $73,000.

These costs are incurred regardless of the level of production and include various expenses related to selling, general, and administrative activities.

(b) The total product costs for the month can be calculated by summing up all the costs directly associated with the production of the clamps. These costs typically include direct materials, direct labor, and manufacturing overhead.

To calculate the total product costs, we need specific cost information related to the production of the clamps.

Let's assume the following costs for the month:

Direct materials: $30,000

Direct labor: $20,000

Manufacturing overhead: $15,000

Total product costs = Direct materials + Direct labor + Manufacturing overhead

Total product costs = $30,000 + $20,000 + $15,000

Total product costs = $65,000

The total product costs for the month of operations for Marigold, Inc amount to $65,000.

These costs include direct materials, direct labor, and manufacturing overhead directly related to the production of the clamps.

(c) The amount of manufacturing overhead incurred for the month can be calculated by identifying and summing up all the indirect costs associated with the production of the clamps.

These costs include indirect materials, indirect labor, and other overhead expenses.

To calculate the amount of manufacturing overhead incurred for the month, we need specific cost information related to the indirect costs.

Let's assume the following costs for the month:

Indirect materials: $5,000

Indirect labor: $8,000

Other overhead expenses: $2,000

Amount of manufacturing overhead incurred = Indirect materials + Indirect labor + Other overhead expenses

Amount of manufacturing overhead incurred = $5,000 + $8,000 + $2,000

Amount of manufacturing overhead incurred = $15,000

The amount of manufacturing overhead incurred for the month of operations for Marigold, Inc is $15,000.

These costs include indirect materials, indirect labor, and other overhead expenses associated with the production of the clamps.

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You are an employee ofa Malaysian firm that produces Laptops in Peru and then exports
them to Malaysia and other countries for sale. The laptops were originally produced in Peru to take
advantage of relatively low labor costs and a skilled workforce. other possible locations considered at
the time were Malta and Iraq. The Malaysian government decides to impose punitive 10 percent tariffs
on imports of cars from Peru to punish the country for administrative trade barriers that restrict
Malaysian exports to Peru. How should your firm respond?

Answers

The firm should consider shifting its laptop production from Peru to another location to avoid the punitive tariffs.

The imposition of punitive tariffs on imports of cars from Peru by the Malaysian government puts the firm's laptop exports from Peru at a disadvantage. To mitigate the impact of the tariffs, the firm should explore options such as relocating its laptop production to another country, like Malta or Iraq, that does not face punitive tariffs from Malaysia. By shifting production, the firm can continue to take advantage of low labor costs and a skilled workforce while avoiding the negative effects of the tariffs, ensuring the competitiveness of its laptop exports in the Malaysian and other markets.

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What is the best thing that a team can do to keep task conflict from turning into relationship conflict?
A. Encourage everyone to be kind to each other
B. Try to avoid conflict wherever possible
C. Agree on norms for how the team will handle debate and decision-making
D. Hold a team dinner once a month

Answers

The best thing that a team can do to keep task conflict from turning into relationship conflict is option C: Agree on norms for how the team will handle debate and decision-making.

While options A, B, and D may contribute positively to team dynamics, they are not specifically targeted at addressing task conflict and preventing it from escalating into relationship conflict.

Task conflict refers to disagreements or differences in opinions and approaches related to the tasks, goals, or decisions the team is working on. It is natural for teams to have differing perspectives and ideas during task-related discussions. However, if not managed properly, task conflict can escalate and lead to personal conflicts and damaged relationships within the team.

By agreeing on norms for how the team will handle debate and decision-making, the team establishes a framework and guidelines for addressing task conflict in a constructive manner. These norms can include encouraging open and respectful communication, active listening, valuing diverse opinions, seeking common ground, and focusing on problem-solving rather than personal attacks.

Having clear norms and guidelines helps team members navigate disagreements and maintain a productive and positive working relationship, even in the presence of task conflict.

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When we select a measure of portfolio performance, why do we
want this measure to be insensitive to the risk of the
investment?
What does it mean to say that "the market portfolio is
efficient"

Answers

Using a risk-insensitive measure of portfolio performance allows for a fair evaluation of returns. The efficiency of the market portfolio means it provides the optimal risk and return trade-off compared to other portfolios.

When selecting a measure of portfolio performance, we generally prefer it to be insensitive to the risk of the investment because it allows us to evaluate the performance of the portfolio solely based on the returns generated, without being heavily influenced by the level of risk taken.

This is important because different investors may have different risk preferences and may be willing to tolerate different levels of risk for a given level of return. By using a measure that is independent of risk, we can compare the performance of different portfolios on an equal footing and make informed investment decisions.

To say that "the market portfolio is efficient" means that it represents an optimal portfolio in terms of risk and return trade-off. An efficient market portfolio is constructed by including all available assets in the market, with each asset's weight in the portfolio determined based on its market value.

The efficiency of the market portfolio stems from the fact that it provides the highest expected return for a given level of risk or the lowest level of risk for a given level of expected return compared to any other portfolio in the market. In other words, the market portfolio maximizes the risk-adjusted return and represents the most desirable portfolio for investors in terms of achieving their investment objectives.

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Describe the steps of a Documentary Collection transaction. How
does Documents against Payment (D/P) differ from Documents against
Acceptance (D/A)?

Answers

A documentary collection transaction is a process where banks act as intermediaries to ensure that payment is made to the exporter in exchange for the shipping documents.

The steps of a Documentary Collection transaction are as follows: Step 1: The exporter ships the goods to the importer and prepares the shipping documents. Step 2: The exporter delivers the shipping documents to their bank, which forwards them to the importer's bank. Step 3: The importer's bank will notify the importer of the arrival of the documents and instruct them to make payment for the goods in exchange for the documents.

Step 4: Once payment has been made, the importer's bank will release the shipping documents to the importer, who can then claim the goods from the carrier. Documents against Payment (D/P) and Documents against Acceptance (D/A) are two types of Documentary Collection transactions that differ in the timing of payment.

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Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate hourly rates and overtime rates follows: 1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2. If the third decimal place is 5 or more, round to the next higher cent. 3. If the third decimal place is less than 5 , simply drop the third decimal place. Examples: Monthly rate $1,827 Weekly rate ($1,827×12)/52=$421.615 rounded to $421.62 Hourly rate $421.62/40=$10.540 rounded to $10.54 O.T. rate $10.54×1.5=$15.81 Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. Example 2-9 John Escobar is paid an hourly rate of $18.50 per hour, and he worked 49 hours this week. His gross pay is: 40 hours ×$18.50=$740.00 regular earnings 9 hours ×$27.75($18.50×1.5)=249.75 overtime earnings Total gross pay =$989.75 John Porter is an hourly employee of Motter Company located in New York City. This week, Porter had to travel to the company's regional office in Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. Example 2-9 John Escobar is paid an hourly rate of $18.50 per hour, and he worked 49 hours this week. His gross pay is: 40 hours ×$18.50=$740.00 regular earnings 9 hours ×$27.75($18.50×1.5)=249.75 overtime earnings Total gross pay =$989.75 John Porter is an hourly employee of Motter Company located in New York City. This week, Porter had to travel to the company's regional office in Albany. He left Sunday at noon and arrived in Albany at 3:00 P.M. During the week, he worked his normal 40 hours in the Albany office (Monday through Friday-9 A.M. to 5 P.M.). In addition, he attended the company's mandatory 4-hour work training session on Wednesday evening. Porter's hourly rate of pay is $24.80 per hour. Round the overtime rate to two decimal places and use the rounded amount in subsequent computations. Round the final answers to the nearest cent. a. Porter's overtime earnings for the week are b. Porter's total earnings for the week are

Answers

In this scenario, John Porter is an hourly employee of Motter Company in New York City. His hourly rate of pay is $24.80. He worked his regular 40 hours in the Albany office from Monday to Friday, and additionally attended a mandatory 4-hour work training session on Wednesday evening. The task is to calculate Porter's overtime earnings for the week and his total earnings for the week.

To calculate Porter's overtime earnings, we need to determine the number of hours he worked beyond the regular 40 hours. In this case, he worked 40 hours in the Albany office and an additional 4 hours for the work training session, totaling 44 hours. Since Porter's regular work hours do not exceed 40 hours, he did not have any overtime hours. Therefore, his overtime earnings for the week would be zero.

To calculate Porter's total earnings for the week, we multiply his regular rate of $24.80 per hour by the total number of hours worked, which is 44 hours. The calculation is as follows: 44 hours × $24.80 = $1,091.20. Therefore, Porter's total earnings for the week are $1,091.20.

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Distributive justice is the ethical principle that relies on_________
a.
Applying equal justice inputs to people one by one, or case by case. In other words, giving every individual the same equal right even if the end result of justice is not equal.
b.
None of the answers is correct
c.
Telling employees to be nice to each other
d.
Benefits/burdens should be proportional, which means that results should be equal, not the inputs.

Answers

Distributive justice is the ethical principle that relies on benefits/burdens should be proportional, which means that results should be equal, not the inputs.

Answer: Distributive justice is the ethical principle that relies on benefits/burdens should be proportional, which means that results should be equal, not the inputs.

Explanation: Distributive justice is a concept related to fairness and justice. It refers to the way in which the benefits and burdens of society are distributed among individuals or groups. The principle of distributive justice is based on the idea that people should receive benefits and burdens in proportion to their contributions to society. This means that the distribution of resources and opportunities should be fair and just.The ethical principle of distributive justice relies on the idea that benefits and burdens should be proportional. This means that the results of any distribution should be equal, not the inputs. In other words, the benefits and burdens should be distributed in such a way that the results are equal for everyone. This principle is based on the idea that everyone has a right to a fair share of the benefits and burdens of society, regardless of their background, status, or contribution.Distributive justice is an important principle in many areas of society, including healthcare, education, and the workplace. It ensures that everyone has equal access to the benefits and burdens of society, and that resources and opportunities are distributed fairly and justly.

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Jordan purchased 400 shares of GE at $16 per share. The price has dropped to $11 and he is disappointed in his purchase, but he is determined not to sell until the price again reaches $16. His decision is based on

Group of answer choices

overconfidence.

belief perseverance.

loss aversion.

representativeness.

Answers

The Loss aversion can be used to explain Jordan's determination to hang onto his GE shares until the price reaches $16 despite the present decline to $11.

As a result of the cognitive bias known as loss aversion, people frequently experience the pain of losses more intensely than the joy of comparable gains. Jordan is feeling remorse and sadness in this situation as a result of the stock price falling from $16 when he bought it to $11 now. He doesn't want to sell for less because doing so will result in a loss.

Jordan is attempting to escape the psychological pain of admitting a loss by holding onto the shares until the price hits $16 once more. This action

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Concord Corporation traded a used truck (cost $28,800, accumulated depreciation $25,920) for a small computer with a fair value of $4,752. Concord also paid $720 in the transaction.
Prepare the journal entry to record the exchange. (The exchange has commercial substance.) (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.)
Account Titles on explanation Debit Credit

Answers

Concord Corporation traded a used truck for a small computer with a fair value of $4,752 and $720 were paid in the transaction. The truck cost $28,800 and the accumulated depreciation on the truck was $25,920.

Journal entry to record the exchange is as follows:Account Titles Debit Credit Computer$4,752 Truck Accumulated Depreciation$25,920 Truck$28,800 Cash$720 A journal entry is a record of financial transactions that have taken place in a company. In this case, Concord Corporation traded a used truck that had an original cost of $28,800 and an accumulated depreciation of $25,920 for a small computer with a fair value of $4,752. This transaction has commercial substance since the small computer has a fair value equal to its cost and the exchange of assets has an impact on the financial position of the company.The journal entry to record the exchange would be to debit Computer for $4,752, debit Truck Accumulated Depreciation for $25,920, and credit Truck for $28,800.

This entry recognizes the fair value of the computer as well as the difference between the book value of the truck and the amount paid. Finally, the Cash account is credited for $720 to record the additional payment made in the transaction.

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Darth Company has two products, Alpha and Beta, which emerge from a joint process with a total joint cost of $12,000. Data for the product Alpha are shown below: Produced from the process 1,800 units
Allocated share of joint cost $11414 Cost of processing $3,600 further Price per unit... ...at split-off point $41 ...after further processing ? What is the price per unit after further processing that would make the company indifferent between processing further and selling at split-off point?

Answers

The price per unit after further processing that would make the company indifferent between processing further and selling at the split-off point is $8.34.

To determine the price per unit after further processing that would make the company indifferent between processing further and selling at the split-off point, we need to consider the incremental revenue and cost associated with further processing.

The allocated share of joint cost for Alpha is $11,414, and the cost of processing further is $3,600. This means that the total cost incurred for Alpha at the split-off point is $11,414, and an additional $3,600 is required for further processing.

Let's assume the price per unit after further processing is P. The incremental revenue from further processing can be calculated as (1800 units * P), and the total revenue at the split-off point is (1800 units * $41).

For the company to be indifferent between further processing and selling at the split-off point, the incremental revenue should be equal to the incremental cost. Therefore, we have the equation:

(1800 units * P) = ($11,414 + $3,600)

Simplifying the equation:

1800P = $15,014

Dividing both sides by 1800:

P = $8.34 (rounded to two decimal places)

Hence, the price per unit after further processing that would make the company indifferent is $8.34.

The correct format of the question should be:

Darth Company has two products, Alpha and Beta, which emerge from a joint process with a total joint cost of $12,000. Data for the product Alpha are shown below:

Produced from the process 1,800 units

Allocated share of joint cost $11414

Cost of processing further $3,600  

Price per unit...

...at split-off point $41

...after further processing ?

What is the price per unit after further processing that would make the company indifferent between processing further and selling at split-off point?__________.

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Sally Company's depreciation on the company building for 2021 was $100,000. 40% of the building was devoted to production activities; the remaining 60% was used for selling and administrative activities. What amount of "depreciation expense" should Sally report on its 2021 income statement?

Answers

Sally Company should report $60,000 of depreciation expense on its 2021 income statement.

Code snippet

Depreciation expense = Total depreciation * Production percentage

= $100,000 * 40%

= $60,000

Use code with caution.

The remaining 60% of the depreciation expense, or $40,000, should be allocated to selling and administrative activities. This is because the building is used for both production and selling and administrative activities, and the depreciation expense should be allocated to each activity based on the percentage of time that the building is used for each activity.

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We assume positive earnings when we use the residual income model.
True
False

Answers

True.

The residual income model assumes positive earnings as a foundational assumption for equity valuation.

The residual income model is a method of equity valuation that measures the excess or shortfall of earnings above or below the required minimum return on equity (ROE) expected by investors. The formula for calculating residual income is:

Residual Income = Net Income - (Equity * Minimum Required Return)

In this formula, we assume positive earnings (i.e., net income) because negative earnings would result in a negative residual income, which would imply that the company did not generate enough earnings to meet the minimum required return on equity and thus has a negative equity value. This is not a realistic scenario, as a company with negative earnings would likely have a negative market value and be unable to attract investors.

Thus, the residual income model assumes positive earnings as a foundational assumption for equity valuation.

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Other Questions
Answer All Questions (10*2 = 20 Marks) Study the case given below and answer the questions given at the end. Raghav Chemicals Ltd. planned for computerization of 50% of production operations &control.it has taken care of all resources in computerization plan including HR. HR planners suggested redeployment of chemical engineers in newly started sister concern, i.e., Laxman Paper Mills Ltd., and retrench surplus of employees of all other categories. They recommended to management that there was no need for further recruitment or for any other action plan. Computerization was over by end of 1998. When management wanted to start production on newly computerized process, it was shocked to note that not many employees in production department were suitable to new jobs and information supplied by human resource planners in this regard did not match with reality. Questions: A. To what extent are HR planners responsible for present state of affairs? B. What should management do now to deal with problem taking into account both short-term & long-term perspective? The government strives to repair inequitable distribution of income through: O a. Regressive income taxes, and charitable contribution b. All of the above O c. Adequate demand and supply d. Progressive income taxes and transfer payments Moving to the next question prevents changes to this answer. Question 2 of 17 1 points Save Ano A company paid a dividend of $2.9 yesterday, it is expected to grow by 3.47% per year. The company has a discount rate of 15.65%. What is the value of the stock today? What is the value of the following cash flow stream: $872 that was paid to you 15 Years ago $551 that you paid 4 Years ago $951 that you will pay 8 Years from now $465 that will be paid to you 11 Years from now The discount rate is 7.17% Explain the "Law of Demand" (3 Points): THIS QUESTION IS CONTINUED ON THE FOLLOWING PAGE! 3. d. 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Choose from the common distributions: Uniform, Exponential or Normal distribution. Explain your reasoning.State the parameter values that describe the distribution.Give the probability density function. Suppose that f(x, y) = 2, and D = {(x, y) | x + y 16}. Then the double integral of f(x, y) over D is JJ f(x, y)dxdy = A student, Ken, is given a mixture containing two nitrate compounds. The mixture includes NaNO 3 and Ca(NO 3 ) 2 . The mixture is 74.95%NO 3 is by mass. What is the mass percent of NaNO 3 in the mixture? Assume that military aircraft use ejection seats designed for men weighing between 147 lb and 200 lb. If women's weights are normally distributed with a mean of 179.4 lb and a standard deviation of 45.9 lb, what percentage of women have weights that are within those limits? Are many women excluded with those specifications? The percentage of women that have weights between those limits is%. (Round to two decimal places as needed.) Are many women excluded with those specifications? ... A. No, the percentage of women who are excluded, which is the complement of the probability found previously, shows that very few women are excluded. B. Yes, the percentage of women who are excluded, which is equal to the probability found previously, shows that about half of women are excluded. C. Yes, the percentage of women who are excluded, which is the complement of the probability found previously, shows that about half of women are excluded. D. No, the percentage of women who are excluded, which is equal to the probability found previously, shows that very few women are excluded. Unethical accounting practices enabled companies like Enron to bilk investors out of huge sums of money. In response, Congress passed the Sarbones-Oxley Act of 2002 to authorize the Securities and Exchange Commission to explore reforms to rules based accounting systems. While debate continues about the best approach to accounting standards more than a decade later, accountants generally support a trend toward incorporating principles-based accounting into accounting standards for businesses. Required: State the pros and cons of each approach through explaining the meaning and rational beyond each of them by using Enron case study to contextualise this debate, through highlighting the impact of the qualitative characteristics of accounting information. 1 What is the slope of the budget line indicate? Is is +/-? Is it constant? What is the interpretation of each of these answers? 4 pts 2. What is the slope of the PP curve indicate? Is it +/-?. Is it Gabriel opened an RRSP deposit account on December 1, 2008, with a deposit of $1700. He added $1700 on December 1, 2010, and $1700 on February 1, 2012. How much is in his account on March 1, 2016, if the deposit earns 7.2% p.a. compounded monthly?The amount in the account is $____(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) What duty did Union Carbide have to inform local officials in India of the potential dangers of manufacturing and storing MIC in India? You are required to prepare a presentation using Infographic summarsing for MFRS9 Financial Instrument, Presentation. All of the current year's entries for Zimmerman Company have been made, except the following adjusting entries. The company's annual accounting year ends on December 31On September 1 of the current year, Zimmerman collected six months' rent of $7,980 on storage space. At that date, Zimmerman debited Cash and credited Unearned Rent Revenue for $7,980.On October 1 of the current year, the company borrowed $15,600 from a local bank and signed a one-year, 13 percent note for that amount. The principal and interest are payable on the maturity date.Depreciation of $2,400 must be recognized on a service truck purchased in July of the current year at a cost of $23,000.Cash of $4,200 was collected on November of the current year, for services to be rendered evenly over the next year beginning on November 1 of the current year. Unearned Service Revenue was credited when the cash was received.On November 1 of the current year, Zimmerman paid a one-year premium for property insurance, $8,160, for coverage starting on that date. Cash was credited and Prepaid Insurance was debited for this amount.The company earned service revenue of $4,200 on a special job that was completed December 29 of the current year. Collection will be made during January of the next year. No entry has been recorded.At December 31 of the current year, wages earned by employees totaled $14,100. The employees will be paid on the next payroll date in January of the next year.On December 31 of the current year, the company estimated it owed $490 for this year's property taxes on land. The tax will be paid when the bill is received in January of next year 1) Which of the following animals could have been part of the diet of early modern humans Homo sapiens? CHECK ALL THAT APPLY (there may be more than 1) Woolly mammothTrilobitesAmmonitesTriceratopsBirds, such as the Great Auk or the Dodo 1. (10 points, survey) I study Differential Equations ( Find a real general solution of the following equations (Problems 2 - 4): 2xy 2. (10 points) dy dr 4r x +1 ) hours per day in average.