Answer:
what grade is this?
Explanation:
np idea
dpe
Computing and Assessing Plant Asset Impairment On July 1, Arcola Company purchases equipment for $330,000. The equipment has an estimated useful life of 10 years and expected salvage value of $40,000. The company uses straight-line depreciation. Four years later, economic factors cause the fair value of the equipment to decline to $160,000. On this date, Arcola examines the equipment for impairment and estimates $185,000 in undiscounted expected cash inflows from this equipment.
(a) Compute the annual depreciation expense relating to this equipment. $ 29,000
(b) Compute the equipment's net book value at the end of the fourth year. 214,000 v
(c) Apply the test of impairment to this equipment as of the end of the fourth year. Is the equipment impaired?
i. Yes, because the fair value is less than the net book value.
ii. Yes, because the net book value is greater than the salvage value.
iii. Yes, because the undiscounted expected cash flows are less than net book value.
iv. No, because the net book value minus the salvage value is greater than the undiscounted expected cash flows.
v. No, because the net book value minus the salvage value is less than the undiscounted expected cash flows
(d) If the equipment is impaired at the end of the fourth year, compute the impairment loss. (If the equipment is not impaired, enter o.)
Answer:
(a) Compute the annual depreciation expense relating to this equipment.
annual depreciation expense = ($330,000 - $40,000) / 10 years = $29,000
(b) Compute the equipment's net book value at the end of the fourth year.
book value at end of yer 4 = $330,000 - (4 x $29,000) = $214,000
(c) Apply the test of impairment to this equipment as of the end of the fourth year. Is the equipment impaired?
ii. Yes, because the net book value is greater than the salvage value.
(d) If the equipment is impaired at the end of the fourth year, compute the impairment loss.
fair value = $160,000
net book value = cost - {[(cost - salvage value) / estimated useful life] x period covered}
net book value = $330,000 - {[($330,000 - $40,000) / 10] x 4}
net book value = $330,000 - {[$290,00 / 10] x 4} = $330,000 - ($29,000 x 4) = $330,000 - $116,000 = $214,000
impairment loss = $214,000 - $160,000 = $54,000
Competition happens when two or more businesses.
complement one another.
fight for the same benefit or gain.
work together to achieve success.
follow regulations from an agency.
Answer:
fight for the same benefit or gain
Explanation:
In business, competition refers to the rivalry among firms selling similar goods and services to the same target customers. Each company aims to out-do others by generating more revenues, profits, or acquiring a bigger market share.
Competition in the market challenges businesses to be creative and innovative to increase their sales volume. The competition is in price, quality, raw materials, location, sales, and virtually every business aspect. Enterprises will fight to get a better share of the gains associated with doing business.
Please create ERDs for the following two examples and have them ready to upload. Please show cardinality for each one:
A small veterinary clinic wants to create a database for its operations. It needs to track: animals, their owners, the visits to the clinic and which vet they see on each visit. An animal can have just one owner, but an owner can have one or more animals. An animal can have lots of visits, but during each visit just one animal is seen/treated. A vet can have one or more visits with animals, but during a visit each animal sees/or is treated by just one vet.
Joe runs a small car vehicle service company. Up to now, he has been keeping track of all his customer data on paper. He now needs a database. He needs to be able to track: the car that was brought in (the VIN is the primary key), who is the current owner of the car, each time the car was serviced and which mechanic preformed the service. A car can have just one owner, but an owner can have multiple cars. Each car can have multiple service visits, but during each service just one car is worked on. A mechanic can perform multiple services, but during each service just one mechanic is working on the car.
Answer:
idk why is it so lonmg
Explanation:s
ssss
In these case, the Veterinarian Clinic the Animal Description is the first priority in terms of Owner and Veterinarian, In terms of animal the first priority is Owner.
What do you mean by Veterinarian Clinic?A structure or portion of a building that houses a veterinary practice and amenities for the care of household animals and birds, including medical treatment, inspection, surgery, diagnostics, cleaning, and general health care.
Therefore, the following conditions of the case study:
1. Veterinarian Clinic:
Animal:
OwnerVeterinarian VisitedDay of VisitTime SlotAnimal DescriptionOwner:
Animal DescriptionVeterinarian VisitedDay of VisitTime SlotVeterinarian:
Animals DescriptionOwner NameDay treatedTime Slot.2. Vehicle service shop:
Car:
Car OwnerMechanic ServicedDay of visitedDelivery timeCar DescriptionOwner:
Car DescriptionMechanic ServicedDay VisitedDelivery timeMechanic Service:
Car DescriptionCar OwnerDay visitedDelivery timeTo know more about the Veterinarian Clinic, visit:
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The first step in developing a market strategy is
Answer:
I would say for like a commercial, I would try to make whoever's watching it be like ''Oooh, I need that!''
Answer:
Set your marketing goals.
Explanation:
12345678901234567890000
Answer:
12345678901234567890000
Explanation:
Bronfenbrenner Co. uses a standard cost system for its single product in which variable overhead is applied on the basis of direct labor hours. The following information is given: Standard costs per unit: Raw materials (1.5 grams at $16 per gram) ............................ $24.00 Direct labor (0.75 hours at $8 per hour) .................................. $6.00 Variable overhead (0.75 hours at $3 per hour) ........................ $2.25 Actual experience for current year: Units produced ........................................................................ 22,400 units Purchases of raw materials (21,000 grams at $17 per gram) .. $357,000 Raw materials used .................................................................. 33,400 grams Direct labor (16,750 hours at $8 per hour) .............................. $134,000 Variable overhead cost incurred .............................................. $48,575 Required: Compute the following variances for raw materials, direct labor, and variable overhead, assuming that the price variance for materials is recognized at point of purchase: a. Direct materials price variance. b. Direct materials quantity variance. c. Direct labor rate variance. d. Direct labor efficiency variance. e. Variable overhead spending variance. f. Variable overhead efficiency variance. g. As a manager, why is variance analysis important
Answer:
a. Material price variance = (Standard price - Actual price)*Actual quantity purchased
Material price variance = (16-17)*21000
Material price variance = $21,000 Unfavorable
b. Material quantity variance = (Standard quantity - Actual quantity used)*Standard rate
Material quantity variance = (22400*1.50-33400)*16
Material quantity variance = $3,200 Favorable
c. Direct Labor rate variance = (Standard rate per hour - Actual rate per hour)*Actual hours worked
Labor rate variance = ($8-$8)*16750
Labor rate variance = $0
d. Direct Labor efficiency variance = (Standard hours allowed - Actual hours worked)*Standard rate per hour
Labor time variance = (22400*0.75-16750)*8
Labor time variance = $400 Favorable
e, Variable overhead spending variance = (Standard rate - Actual rate)*Actual hours
Variable overhead spending variance = (3-48,575/16750)*16750
Variable overhead spending variance = $1,675 Favorable
f. Variable overhead efficiency variance = (Standard hours - Actual hours)*Standard rate
Variable overhead efficiency variance = (22400*0.75-16750)*3
Variable overhead efficiency variance = $150 Favorable
g. Variance analysis helps the management in taking corrective action. It helps the management in understanding which department is doing well and which is not doing well. It helps the in understanding production bottle necks when certain variances appear like material efficiency or labor efficiency.
Which of these statements is TRUE of complementary products?
A) An increase in demand for one will cause a decreased demand for the other.
B) An increase in the price of one will cause a decrease in the price of the other.
C) An increased supply of one product will result in a decreased supply of the other.
D) An increase in the demand for one will usually result in an increased demand for the other.
Answer:
D) An increase in the demand for one will usually result in an increased demand for the other.
Explanation:
Complementary goods are products used together. They are sold separately but add value to one another. Complementary goods will usually be a set of two or more goods that gives the consumer a higher utility when used together. Examples include Petrol and car, Tennis balls and tennis rackets, and DVD player and DVD disks to play in it.
Complementary goods experience joint demand. Should the demand for one complimentary goods increase, demand for the other product or service increases automatically.
You run a nail salon. Fixed monthly cost is $5,699.00 for rent and utilities, $6,473.00 is spent in salaries and $1,274.00 in insurance. Also every customer requires approximately $3.00 in supplies. You charge $99.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $10,510.00, salaries to $6,054.00 and insurance to $2,016.00 per month. Cost of supplies will increase to $7.00 per service. However you can now charge $145.00 per service. At what point will you be indifferent between your current location and the new location
Answer:
The answer is "151".
Explanation:
Indifference measurement Niveau between the current position and proposed position:
[tex]\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \left\begin{array}{ccc} &Accessible& Submitted\\\end{array}\right \\\\\left\begin{array}{ccc}Sale&106& \ \ \ \ \ \ \ \ \ \ \ \ 155 \\ less: Variable \ cost&2& \ \ \ \ \ \ \ \ \ \ \ \ 7 \\ \ contribution&1 04 & \ \ \ \ \ \ \ \ \ \ \ \ 148 \end{array}\right \\[/tex]
[tex]\left\begin{array}{ccc}\text{Fixed costs: Rent and utilities}& 5,414 & 11,226 \\salaries& 6,175 & 6,167\\insurance &1,162 &2,006 \\ Total&12,751 &19,399 \end{array}\right \\\\[/tex]
[tex]\text{Level of indifference} = \frac{\text{Fixed cost} }{\text{ contribution per unit}}[/tex]
[tex]= \frac{(19,399- 12,751)}{(148- 104 )} \\\\ =\frac{6,648}{44} \\\\ = 151[/tex]
The following ledger accounts are used by the Heartland Race Track:_______. Accounts Receivable Prepaid Advertising Prepaid Rent Unearned Sales Revenue Sales Revenue Advertising Expense Rent Expense
For each of the following transactions below, prepare the journal entry (if one is required) to record the initial transaction and then prepare the adjusting entry, if any, required on November 30, the end of the fiscal year.
(a) On November 1, paid rent on the track facility for three months, $180,000.
(b) On November 1, sold season tickets for admission to the racetrack. The racing season is year-round with 25 racing days each month. Season ticket sales totaled $1,152,000.
(c) On November 1, borrowed $300,000 from First National Bank by issuing a 6% note payable due in three months.
(d) On November 5, programs for 20 racing days in November, 25 racing days in December and 15 racing days in January were printed for $3,600.
(e) The accountant for the concessions company reported that gross receipts for November were $168,000. 10 percent is due to Heartland and will be remitted by December 10.
Answer: See attachment
Explanation:
The journal entry depicts the credit and the debit balance of a transaction made by a company.
The journal entry to record the initial transaction and the adjusting entry has both been attached.
Kindly check the attachment.
why Naert's model present a favorable situation for the entrepreneur? Explain your answer.
Explanation:
Phillip Naert is an author and theorist whose works are related to the administrative and organizational area, one of the highlights of his work is the marketing decision model, which is related to the practical implementation of an aid model for entrepreneurs, since his central criticism is that there are many theoretical marketing models whose utility is not applicable to many organizations, due to the difficulty of adapting and targeting certain businesses, so the Naert model is focused and helps entrepreneurs to manage their businesses and achieve significant marketing advantages through of a dimension that he called "degree of clarity" that consists of implicit models, verbal models, formalized models and numerical models of elements that constitute an organizational system and should be considered specifically in a marketing approach, which helps an organization to find their strengths and weaknesses to develop a business plan viable, real and specific marketing for competition in the globalized market.
Here are four industries and four forecasts for the macroeconomy.
Industries: housing construction, health care, gold mining, steel production
Economic Forecasts:
Deep recession: falling inflation, falling interest rates, falling GDP.
Superheated economy: rapidly rising GDP, increasing inflation and interest rates.
Healthy expansion: rising GDP, mild inflation, low unemployment.
Stagflation: falling GDP, high inflation.
Choose the industry that you would expect to perform best in each scenario.
Economic Forecasts
Industries
Deep recession Gold mining Superheated economy Housing construction Healthy expansion Health care Stagflation Steel production
Answer:
Deep Recession - HEALTH CARE
Healthcare are not really affected by the economic cycle because humans will always need healthcare. Even in a deep recession therefore, Health Care would still thrive.
Superheated Economy - STEEL PRODUCTION
Steel production benefits from a superheated economy because more steel would be needed for production and building projects and it will therefore be in high demand making this industry quite lucrative in a Superheated economy.
Healthy Expansion - HOUSING CONSTRUCTION
Mild inflation means mild interest rates as well and with a rising GDP and low inflation, people are able to get more loans for construction and so Housing construction would do best in such an economy.
Stagflation - GOLD MINING
In such an economy where inflation is high and probably rising, gold and other precious minerals like silver tend to do well because they are considered safe haven assets in that they will increase in value when there is inflation but rarely fall past a certain value when there isn't.
Ash Company reported cost of goods sold of $875,000 for the year. Ash has also provided the following information: Ash prepares its statement of cash flows using the indirect method Inventory Accounts Payable Balance - beginning of year 69,000 107,000 balance - end of year 83,000 92,000 What amount of cost of goods sold should Ash report as a supplement disclosure of cash flow information
A. 14,000
B. 904,000
C. 889,000
D. 15,000
Answer:
B. 904,000
Explanation:
Ash Company should report as supplemental information the amount of cash paid to suppliers = cost of goods sold + increase in inventory + decrease in accounts payable
cash paid to suppliers = $875,000 + ($83,000 - $69,000) + ($107,000 - $92,000) = $875,000 + $14,000 + $15,000 = $904,000
Apparently Ash Company buys and then resells goods, which means that one of its largest cash outflows should be suppliers. That is why it should provide supplemental information about cash paid to them.
Why is career success dependent upon an individual's ability to develop and apply their diversity consciousness?
Answer:
Career success is based on ones ability to recognize and apply diversity consciousness because one is able to associate well with his/her colleagues.
Explanation:
Revise the following statements to make them more positive and courteous.
1. Construction on your building is at a standstill because the contractor is unable to pour foots until the soil is no longer soggy.
2. A passport cannot be issued until an application is completed an a recent photo is included.
3. Your message of April 1 claims that the blade in your food processor malfunctioned. Although you apparently failed to read the operator's manual, we are sending you a replacement blade PLUS another manual. Next time read carefully so that you will know how to attach this blade.
4. Customers are ineligible for the 25 percent discount if they fail to provide the discount code at the time of the purchase.
5. As team leader, you apparently failed to remember that you have already assigned me two gigantic and complex research task, and now you have dumped another big job on me- one that i can't possibly begin until after I have finished the other two jobs.
6. We regret to announce that we can offer the 50 perfect discount only to the first 25 buyers, so act quickly!
Answer:
Statement Revision for positive and courteous meanings:
1. Work will resume on the building construction as soon as the soil is dry.
2. Please, fill the application and attach a recent photo for the issuance of a passport.
3. We are sending you a replacement blade plus its installation manual.
4. Please, provide the discount code in order to access the 25 percent discount.
5. I will commence this new assignment immediately after I have completed the previous two research tasks.
6. The first 25 customers will enjoy a 50 percent discount.
Explanation:
After the revision of the above statements, they sound more positive and courteous. Moreover, they have been shortened to eliminate irrelevant phrases.
To create meaningful on social media content that will resonate with audiences, businesses engage in ______________, which is the process of “hearing” conversations throughout the Internet to find out what your audience wants.
a.
Reputation Management
b.
Social Listening
c.
Content Marketing
d.
Engagement Metrics
Answer:
I think the answer ought to be B. Social listening
Explanation:
By definition social listening is Social media measurement, 'social media monitoring' or social listening is a way of computing popularity of a brand or company by extracting information from social media channels. So that seems to be the best fit.
Suppose that Hickory Manufacturing, Inc., a corporation headquartered in North Carolina, believes that it is entitled to a $24,700 federal tax refund, and that the Internal Revenue Service (IRS) has wrongfully refused to issue the refund. If Hickory Manufacturing elects to sue the United States (the IRS is a federal administrative agency) to recover the refund, it must pursue the matter:__________
a. in federal court, since the United States is a party to the litigation.
b. in North Carolina state court, since the company is headquartered in North Carolina.
c. through binding arbitration, non-binding arbitration, or mediation, since the United States has governmental immunity in the court system (although it does allow claims against the federal government to be pursued via alternate dispute resolution).
d. in United States Tax Court, since the dispute involves a tax matter.
Answer: in a federal court, since the United States is a party to the litigation.
Explanation:
Based on the scenario in the question, in case Hickory Manufacturing elects to sue the United States in order to get back the $24700 federal tax refund which wasn't given to the company, it must be done in a federal court because the the IRS is a federal administrative agency and hence, the matter can't be pursued in the North Carolina state court.
Therefore, the correct option is A "in a federal court, since the United States is a party to the litigation".
In 2011 oil production in Libya was interrupted by political unrest. At the same time, the demand for oil by China continued to rise.
Required:
a. Demonstrate the impact on the quantity of oil bought and sold.
Instructions: Draw a parallel shift in the demand or supply curve(s) by grabbing, dragging, and then dropping the curve(s) to the new position(s).
b. Oil production in Libya returned to its original levels by the end of 2012. What was the likely effect on equilibrium oil price and quantity?
Answer:
As a result of the political unrest in Libya, the supply of oil would fall, As a result the supply curve would shift to the left. This would lead to fall in equilibrium quantity and a rise in price.
The increased demand for oil would shift the demand curve to the right. The equilibrium price and quantity would increase
Taking these two effects together, equilibrium price would rise and there would be an indeterminate effect on equilibrium quantity
Please check the attached image for a graph showing these shifts
b. As a result of the change in supply, supply would increase. This would increase equilibrium quantity and equilibrium price would fall. in addition with the increase in demand for oil, equilibrium quantity would rise and there would be an indeterminate effect on equilibrium quantity
Explanation:
Your best friend wants to borrow $2000 from you today for an emergency purchase they need to make that requires a cash payment. They promise to pay you back $1000 in 1 year (i.e. 12 months) and then pay you $1100 in two years (i.e. in 24 months). You would have to remove the money from your stock investment account which is earning on average a return of 5% (i.e. the effective yearly interest rate you are getting on your money is 0.05).
Required:
a. Is this a fair deal for you? Justify your answer with an engineering economics analysis and discussion of the situation by calculating the Net Present Value (NPV) for the scenario.
b. Draw a Cash Flow Diagram for this situation.
Answer:
a. It is not a fair deal for me.
The question is how much is $1,000 today when received in 12 months' time from now. The present value of $1,000 at 5% effective interest rate is $952 ($1,000 * 0.952). The other repayment of $1,100 in 2 years' time from now is worth $997.70 today at the 5% effective interest rate. This implies that my friend is repaying me $1,949.70 in present value terms.
For friendship sake, I may lend her the money, but in economic analysis terms, the NPV value will yield a negative value of $50.30 ($2,000 - $1,949.70). My friend is not actually paying me back the amount I would lend to her. She is paying me less than I actually would lend to her.
b. Cash Flow Diagram:
Year 1 Year 2
F1 F2
$1,000 $1,100 (Inflows)
Fo⇵.................⇵.......................⇵...........................⇵n period
Year 0
$2,000 (outflows)
Explanation:
The cash flow diagram for this loan is the graphical representation of the timing of the cash flows with a clear marking of the repayments made by my best friend in two instalments and the $2,000 that I lent to her. This cash flow diagram presents the flow of cash as arrows on a timeline scaled to the magnitude of the cash flow, where outflows are down arrows and inflows are up arrows.
The Net present value (NPV) of this loan shows the difference between the present value of repayments by my best friend and the present value of $2,000 that I lent to her over a period of 2 years. To obtain this difference, the present values of cash inflows of $1,000 in a year's time and $1,100 in two years' time are determined using the discount factor table based on the given interest rate of 5%.
Use the sample data below to test the hypotheses
:
: Not all population proportions are the same
Populations
Response 1 2 3
Yes 150 150 95
No 100 150 105
The provided sample data can be used to test the hypotheses about the population proportions, but we would need additional information to perform the chi-squared test and draw a definitive conclusion.
To test the hypotheses that not all population proportions are the same using the given sample data, we can perform a hypothesis test for proportions.
Step 1: Formulate the null and alternative hypotheses:
- Null hypothesis (H0): The population proportions are the same for all three populations.
- Alternative hypothesis (H1): The population proportions are not the same for all three populations.
Step 2: Choose a significance level (α):
The significance level is the threshold for determining if the results are statistically significant. Let's assume a significance level of α = 0.05, which is a common choice.
Step 3: Calculate the test statistic and p-value:
We can use a chi-squared test for independence to compare the observed frequencies with the expected frequencies under the null hypothesis. This test will help us determine if there is a significant difference in the proportions.
Step 4: Make a decision:
If the p-value is less than the significance level (α), we reject the null hypothesis and conclude that there is evidence to suggest that the population proportions are not the same for all three populations. If the p-value is greater than α, we fail to reject the null hypothesis and do not have enough evidence to suggest a difference in population proportions.
Note: To perform the chi-squared test, we need to have the observed frequencies and expected frequencies. The observed frequencies are given in the sample data, but we would need additional information to calculate the expected frequencies.
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Use the distinction between the characteristics of private and public goods to determine whether the following should be produced through the market system or provided by government:
a. French fries
b. Airport screening
c. Court systems
d. Mail delivery
e. Medical care
Answer:
a.French fries: Market system
b. Airport screening: Government
c. Court systems: Government
d. Mail delivery: Combined market and government
e. Medical care: Combined market and government
Explanation:
a.French fries: Market system
b. Airport screening: Government
c. Court systems: Government
d. Mail delivery: Combined market and government
e. Medical care: Combined market and government
In Market Economic system in accounting, the means of production as well as exchange, in the market system is base on private ownership, and can be said to be a free market. in these Economy the consumer are to be always at alert in oder not to be a fraud victim.
Government system can also be regarded as command system, the factors of production such as land is attributed to the government.
However the difference between them could be in term of factors of production, the ways in which price is been determined.
Ceradyne, Inc. has decided to discontinue manufacturing its Quantum model credit card reader. Currently the company has a number of partially completed readers on hand. The company has spent $111 per unit to manufacture these credit card readers. To complete each unit, costs of $14 for material and $15 for direct labor will be incurred. In addition, $9 of variable overhead and $34 of allocated fixed overhead (relating primarily to depreciation of plant and equipment) will be added per unit. If Ceradyne, Inc., completes the readers, it can sell them for $124 per unit. Another manufacturer is interested in purchasing the partially completed readers for $107 per unit and converting them into inventory tracking devices. Determine whether Ceradyne should complete the credit card readers or sell them in their current state. Ceradyne, Inc., should select an option sell them in their current state . The company will be better off by $enter a dollar amount per unit 22 per unit.
Answer:
Ceradyne, Inc., should sell them in their current state (partially completed), resulting in a net loss of $4 per unit.
The company will be better off by $21 per unit (if it continues to process them, their loss will be $25 per unit).
Explanation:
total costs incurred $111 up to now
additional relevant costs needed to finish units:
$14 for materials
$15 for direct labor
$9 for variable overhead
$38 per unit
selling price $124 per unit
contribution margin once units are finished = $124 - ($111 + $38) = -$25
if units are sold before being completed, then contribution margin per unit = $107 - $111 = -$4
the company has to try to decrease their losses, and the option of selling partially completed readers results in a loss = $4
what type of change is individual change
Answer:
Individual change is the fact that one person can understand how another can make an internal change without an external force .
Explanation:
Individual is like an internal which is yourself doing something
Change - a development
Two power plants provide power to Chapel Hill residents: plant UNC and plant Duke. Both plants burn coal to produce electricity, and consequently produce smog as a by-product. The total benefit of smog abatement to Chapel Hill is 100(xU + xD). The UNC power plant could reduce its smog at a total cost of:
cU (xU )= 5x^2V
where xU indicates the total number of units of smog abated by UNC.
The Duke plant is slightly less efficient, and its total cost of reducing smog by is:
cD(xD)= 7x^2D+ 10xD
Required:
Calculate the socially efficient levels of abatement for each power plant.
Answer:
a. The socially efficient levels of abatement for UNC power plant is 10.
Explanation:
Note: See the attached Microsoft word file for the calculations of the anwers above.
Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct labor hours in Department E, and machine hours in Department K. In establishing the predetermined overhead rates for 2020, the following estimates were made for the year.
Department
D E K
Manufacturing overhead $990,000 $1,750,000 $1,080,000
Direct labor costs $1,237,500 $1,875,000 $675,000
Direct labor hours 150,000 125,000 60,000
Machine hours 600,000 750,000 120,000
During January, the job cost sheets showed the following costs and production data.
Department
D E K
Direct materials used $210,000 $189,000 $117,000
Direct labor costs $180,000 $165,000 $56,250
Manufacturing overhead incurred $148,500 $168,000 $118,500
Direct labor hours 12,000 16,500 5,250
Machine hours 51,000 67,500 10,410
(a) Compute the predetermined overhead rate for each department. (Round answers to 2 decimal places, e.g. 12.50 or 12.50%.)
Overhead rate
Department D %
Department E $ per direct labor hour
Department K $ per machine hour
(b) The parts of this question must be completed in order. This part will be available when you complete the part above.
Answer:
See solution below
Explanation:
• Predetermined overhead rate for Department D
= Estimated Manufacturing overhead / Estimated Direct labor cost
Manufacturing overhead = 990,000
Direct labor cost = 1,237,500
= (990,000/1,237,500) × 100
= 0.8 × 100
= 80%
• Predetermined overhead rate for department E
= Estimated Manufacturing overheads/Estimated Direct labor hours
Manufacturing overheads = 1,750,000
Direct labor hours = 125,000
= 1,750,000/125,000
= $14 per labor hour
• Predetermined overhead rate for department K
= Estimated Manufacturing overheads/Estimated Machine hours
Manufacturing overheads = 1,080,000
Machine hours = 120,000
= 1,080,000/120,000
= $9 per machine hour
explain consumer credit discrimination and three types of consumer credit discrimination?
The Equal Credit Opportunity Act (ECOA) makes it illegal for a creditor to discriminate against you in any aspect of a credit transaction on the basis of your race, color, religion, national origin, sex or marital status, your age, and if you receive income from a public assistance program.
What are three types of consumer credit discrimination?They are:
Overt Discrimination.Disparate Treatment.Disparate Impact.hope this help!
The same process that applies to everyday communication applies to communication in the workplace. Understanding the steps in this process can help you craft more meaningful and effective messages.
Which parts of the communication process are described in the following scenario?
An instant message pops up on Kate's computer screen. Kate clicks the "accept" button and begins to read the message.
When Kate understands the meaning of the instant message, Kate is engaged in .
Kate sends an instant message to the sender so that he or she knows that the message was received and understood. Kate is engaged in .
For the communication process to be successful, the receiver must understand the information sent by the sender. Communication barriers, however, can complicate the process. Familiarizing yourself with common obstacles will make you better equipped to avoid them.
Consider this situation, and answer the questions that follow.
Your team is preparing for the next round of bids on a new collection of sculptures. "As you can see, sales are flat in the Western region," the presenter says. "We need to negotiate a good rate to offset our Western losses."
You were well prepared for the meeting, but the minor car accident you had in the parking lot yesterday has you worried. You check your smartphone, reading the insurance adjustor’s report. One of your colleagues says, "We’ll take care of that," and looks at you. "Right?" she asks. You don’t know how to respond because you’re not sure what she’s referring to.
What communication barrier is described in this situation?
Differing frames of reference
Distractions
Bypassing
How might you overcome this communication barrier in the future?
Focus on your smartphone.
Turn off your smartphone.
Leave the room to access your smartphone.
Unclear question. Below are the questions deduced;
When Kate understands the meaning of the instant message, Kate is engaged in____.
Kate sends an instant message to the sender so that he or she knows that the message was received and understood. Kate is engaged____in .
Consider this situation, and answer the questions that follow.
Your team is preparing for the next round of bids on a new collection of sculptures. "As you can see, sales are flat in the Western region," the presenter says. "We need to negotiate a good rate to offset our Western losses."
You were well prepared for the meeting, but the minor car accident you had in the parking lot yesterday has you worried. You check your smartphone, reading the insurance adjustor’s report. One of your colleagues says, "We’ll take care of that," and looks at you. "Right?" she asks. You don’t know how to respond because you’re not sure what she’s referring to.
What communication barrier is described in this situation?
Differing frames of referenceDistractionsBypassingHow might you overcome this communication barrier in the future?
Focus on your smartphone.Turn off your smartphoneLeave the room to access your smartphoneExplanation:
When Kate understands the meaning of the instant message, Kate is engaged in communication because she understands what was been communicated.
Distraction is the communication barrier been described in this situation because we could notice that the subject became distracted checking his smartphone, reading the insurance adjustor’s report; which ultimately became a barrier to his colleague's communication.
Turning off one's smartphone might help to overcome this communication barrier in any future meeting; this will allow for better concentration.
In partnership with American Express, Porter Cable requests that all employees at the rank of supervisor and above apply for a corporate credit card to be used for pay for travel, training and similar expenses. Ima Krimnel, the manager of the distribution center, was issued a corporate card and used it to take her husband to Hawaii for their 20th wedding anniversary. If Krimnel does not pay the charges, is Porter Cable liable? Why or why not?
Answer:
Yes, Porter cable is liable
Explanation:
On the occasion of the 20th wedding anniversary, a corporate card was issued to distribution center manager Ima Krimmel Yes, Porter Cable will be liable if Ima krimnel agrees to convert their employees into cognizants if the charges are not paid. They will be liable if American Express requests a contingency claim.Listed below are costs found in various organizations.
1. Property taxes, factory.
2. Boxes used for packaging detergent produced by the company.
3. Salespersons' commissions.
4. Supervisor's salary, factory.
5. Depreciation, executive autos.
6. Wages of workers assembling computers.
7. Insurance, finished goods warehouses.
8. Lubricants for production equipment.
9. Advertising costs.
10. Microchips used in producing calculators.
11. Shipping costs on merchandise sold.
12. Magazine subscriptions, factory lunchroom.
13. Thread in a garment factory.
14. Billing costs.
15. Executive life insurance.
16. Ink used in textbook production.
17. Fringe benefits, assembly-line workers.
18. Yarn used in sweater production.
19. Wages of receptionist, executive offices.
Required:
For each cost item, indicate whether it would be variable or fixed with respect to the number of units produced and sold; and then whether it would be a selling cost, an administrative cost, or a manufacturing cost. If it is a manufacturing cost, indicate whether it is a direct cost or an indirect cost with respect to units of product.
Answer:
Costs in various organizations
Indication of whether it would be variable or fixed with respect to the number of units produced and sold; and then whether it would be a selling cost, an administrative cost, or a manufacturing cost. If it is a manufacturing cost, indicate whether it is a direct cost or an indirect cost with respect to units of product:
1. Property taxes, factory.
Fixed / Manufacturing cost / Indirect cost with respect to units of product.
2. Boxes used for packaging detergent produced by the company.
Variable / Manufacturing cost / Indirect cost with respect to units of product.
3. Salespersons' commissions.
Variable / Selling cost /
4. Supervisor's salary, factory.
Fixed / Manufacturing / Indirect cost with respect to units of product.
5. Depreciation, executive autos.
Fixed / Administrative cost
6. Wages of workers assembling computers.
Variable / Manufacturing / Direct cost
7. Insurance, finished goods warehouses.
Fixed / Selling cost
8. Lubricants for production equipment.
Variable / Manufacturing / Indirect cost
9. Advertising costs.
Fixed / Selling cost
10. Microchips used in producing calculators.
Variable / Manufacturing / Direct cost
11. Shipping costs on merchandise sold.
Variable / Selling cost
12. Magazine subscriptions, factory lunchroom.
Fixed / Manufacturing / Indirect cost
13. Thread in a garment factory.
Variable / Manufacturing / Direct cost
14. Billing costs.
Fixed / Administrative cost
15. Executive life insurance.
Fixed / Administrative cost
16. Ink used in textbook production.
Variable / Manufacturing / Direct cost
17. Fringe benefits, assembly-line workers.
Fixed / Manufacturing / Indirect cost
18. Yarn used in sweater production.
Variable / Manufacturing / Direct cost
19. Wages of receptionist, executive offices.
Fixed / Administrative cost
Explanation:
In various organizations, costs are classified differently. Some classify costs according to their functions, nature, and behavior. In manufacturing organizations, the attribution of costs to the products is very important in determining the costs and prices of such products. This implies that some costs do not directly reflect on the product's per unit cost. Such costs are not considered in determining the cost of a product. An example is the salary expense of an administrative officer. The work of this officer only impacts the smooth running of the organization, and not the production of goods and services.
MillingCustomizing Machine-hours17,00013,000 Direct labor-hours2,0005,000 Total fixed manufacturing overhead cost$119,000$42,000 Variable manufacturing overhead per machine-hour$ 1.60 Variable manufacturing overhead per direct labor-hour $ 4.30 During the current month the company started and finished Job A492. The following data were recorded for this job: Job A492:MillingCustomizing Machine-hours9020 Direct labor-hours2050 The amount of overhead applied in the Milling Department to Job A492 is closest to:
Answer:
$774
Explanation:
Calculation for the amount of overhead applied in the Milling Department to Job A492
First step is to calculate for the Milling Department overhead cost using this formula
Milling Department overhead cost = Fixed manufacturing overhead cost + (Variable overhead cost per machine-hour × Total machine-hours in the department)
Let plug in the formula
Milling Department overhead cost = $119,000 + ($1.60 per machine-hour × 17,000 machine-hours)
Milling Department overhead cost == $119,000 +$27,200
Milling Department overhead cost = $146,200
Second step is to calculate for the Predetermined overhead rate using this formula
Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the allocation base incurred
Let plug in the formula
Predetermined overhead rate = $146,200 ÷ 17,000 machine-hours
Predetermined overhead rate = $8.60 per machine-hour
Last step is to calculate for the amount of overhead applied in the Milling Department to Job A492 using this formula
Overhead applied=Predetermined overhead rate × Amount of the allocation base that was incurred by the job
Overhead applied = $8.60 per machine-hour × 90 machine-hours
Overhead applied= $774
Therefore The amount of overhead applied in the Milling Department to Job A492 is closest to: $774
Help Prepare a Guide on White-Collar Crime
Congratulations! You've been hired as a business consultant to a clothing outlet called Collars and
Moore, and it opens in your local mall next month. The outlet's owners, Hippolyta Collars and
Antigone Moore, are writing an employee handbook on white-collar crime for their staff, and they
have enlisted your expertise. They haven't written a handbook before and want to ensure the
handbook captures all of the relevant information.
Step 1. List five potential conflicts that ANY employee of the company could face, be it sales staff
on the floor or management staff in the office, or even a warehouse worker that ships products to
the outlet store,
The five potential conflicts that any employee of the company could face, be it sales staff on the floor or management staff in the office are:
Leadership Conflicts.Working place conflicts that exist between employees.Creative Conflicts. Personality Conflicts. Task-Based Conflicts.What is task and personality conflicts?Task conflict is defined as disagreements over important matters (such as opinions or ideas about how to best approach a task or handle a problem), whereas relationship conflict is defined as socioemotional or interpersonal conflicts that are typically accompanied by feelings of frustration and others.
In leadership conflicts, leaders are typically those who would step in to mediate disputes between coworkers. But some drama's focal point and origin are the leaders themselves.
Note also that Conflicts in Creative Conflicts over originality and ideas are considerably more prone to arise in groups. Workers may have different ideas and may respond to those ideas differently, which can cause conflict and rivalry.
Learn more about conflicts from
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