A research proposal is a document that outlines the purpose, scope, and methodology of a research project.
The formal report for which the research proposal is intended will examine whether it is possible to fit extracurricular activities into a college program's schedule. This proposal aims to address the opportunity of the lack of extracurricular activities in the college program schedule.
Investigating the viability of adding such activities to the program schedule is the suggested solution. College administrators, faculty, and students who are interested in enhancing the college experience are likely to be the report's target audience.
The subjects to look into could be things like what kinds of extracurricular activities would be most popular with students, what might happen if these activities were added to the program's schedule, and what the costs and logistical difficulties would be if we made such a change.
Surveys, interviews, and focus groups with students, faculty and administrators may be used as part of the research methodology. A researcher's qualifications might include data analysis and research experience as well as familiarity with the needs and interests of students and the college environment.
The proposal could include the work schedule which would include deadlines for data collection, analysis and report writing. The final call to action is to advocate for changes in the college program schedule that would allow for more extracurricular activities and a better overall college experience for students based on the report's findings.
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Under the expectations theory if market participants expect that future short-term rates will be higher than current short-term rates, the yield curve will:
slope upward
Under the expectations theory, if market participants expect that future short-term rates will be higher than current short-term rates, the yield curve will be upward sloping, or have a positive slope.
The expectations theory is a theory that explains the shape of the yield curve based on market expectations of future interest rates. According to the theory, the yield curve reflects the market's expectations of future short-term interest rates, with longer-term rates being the sum of current short-term rates and an expected term premium.
If market participants expect that future short-term rates will be higher than current short-term rates, this implies that the market expects an increase in the overall level of interest rates in the future. In response to this expectation, longer-term rates will increase to reflect the expected increase in short-term rates, resulting in an upward sloping yield curve.
In contrast, if market participants expect that future short-term rates will be lower than current short-term rates, the yield curve will be downward sloping, or have a negative slope, as longer-term rates will decrease to reflect the expected decrease in short-term rates.
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Eve and Fred are planning to start a lawn and garden servicing company this summer. Neither have much accounting knowledge, so they have asked you for advice. After discussing the proper procedures for journalizing, posting and preparing a trial balance, Fed suggests that the ledger is not necessary. Eve disagrees; she thinks they should use a ledger but does not see the necessity of the journal.
Explain to both Eve and Fred the necessity for both the journal and the ledger and explain to them how their ideas may not serve them well in the accounting for their business.
It's essential for your lawn and garden servicing company to utilize both a journal and a ledger in your accounting process. Here's why:
The journal serves as the initial place to record all financial transactions chronologically. It is vital because it provides a complete and organized record of every business transaction, making it easy to track and audit. Without a journal, it would be challenging to have a clear and organized record of your company's financial activities.
On the other hand, the ledger is a summarized record of all the transactions relating to a specific account. It is essential because it groups transactions by account, making it easier to assess the financial health of individual accounts and the overall business. The ledger provides crucial information for preparing financial statements, managing budgets, and making business decisions. Without a ledger, you would struggle to get a comprehensive understanding of your company's financial position.
Here's a step-by-step explanation of the accounting process involving both journal and ledger:
1. Record transactions in the journal chronologically, as they occur.
2. Post transactions from the journal to their respective accounts in the ledger.
3. Periodically (monthly, quarterly, or yearly), prepare a trial balance to ensure the debits and credits are equal, indicating accurate posting.
4. Use the ledger account balances to prepare financial statements and make informed business decisions.
In conclusion, both the journal and the ledger play crucial roles in maintaining accurate and organized records for your business. Skipping either one may lead to disorganized records, incorrect financial statements, and ultimately, poor decision-making. It's best to use both tools in your accounting process to ensure the financial success of your lawn and garden servicing company.
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________ is defined as any information from a project that can be used in subsequent projects to enhance work or avoid problems. a. Statistical processing b. Closing knowledge c. Lessons learned d. Information import
Lessons learned refer to any information from a project that can be used in subsequent projects to enhance work or avoid problems. The correct answer is C.
This can include successes and failures, best practices, and areas for improvement. Lessons learned are an essential component of project management as they help teams to continuously improve and evolve their processes.
By identifying and sharing lessons learned, organizations can avoid making the same mistakes repeatedly and optimize their project outcomes.
Effective knowledge management and sharing processes can facilitate the identification and dissemination of lessons learned, enabling teams to benefit from the experience and expertise of others.
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Amortization of discount on note. On December 31, 2015, Green Company finished consultation services and accepted in exchange a promissory note with a face value of €400,000, a due date of December 31, 2018, and a stated rate of 5%, with interest receivable at the end of each year. The fair value of the services is not readily determinable and the note is not readily marketable. Under the circumstances, the note is considered to have an appropriate imputed rate of interest of 10%. The following interest factors are provided: Interest Rate Table Factors For Three Periods 5% 10% Future Value of 1 1.15763 1.33100 Present Value of 1 .86384 .75132 Future Value of Ordinary Annuity of 1 3.15250 3.31000 Present Value of Ordinary Annuity of 1 2.72325 2.48685 Instructions (a) Determine the present value of the note. (b) Prepare a Schedule of Note Discount Amortization for Green Company under the effective interest method. (Round to whole dollars.)
To determine the present value of the note, we need to calculate the present value of the principal and the interest payments.
We can use the present value of an annuity formula to calculate the present value of the interest payments and the present value of a single-sum formula to calculate the present value of the principal.
Present value of principal = Face value of note × Present value factor for three periods at 10%
Present value of principal = €400,000 × 0.75132
Present value of principal = €300,528
Present value of interest payments = Annual interest payment × Present value factor of an annuity for three periods at 10%
Annual interest payment = Face value of note × Stated interest rate = €400,000 × 5% = €20,000
Present value of interest payments = €20,000 × 2.48685
Present value of interest payments = €49,737
Present value of note = Present value of principal + Present value of interest payments
Present value of note = €300,528 + €49,737
Present value of note = €350,265
(b) We can use the effective interest method to prepare the schedule of note discount amortization. Under this method, interest expense is calculated as the difference between the effective interest rate (10%) and the cash interest paid each year. The difference between the interest expense and the cash interest paid is the discount amortization.
Schedule of Note Discount Amortization:
Year Cash Interest Interest Expense Discount Amortization Carrying Value
2016 €20,000 €35,027 €15,027 €385,027
2017 €20,000 €38,503 €18,503 €403,530
2018 €20,000 €42,209 €22,209 €425,739
Note: Carrying value is the sum of the present value of the principal and the present value of the remaining interest payments.
The discount amortization for the first year is calculated as follows:
Discount amortization = Interest expense - Cash interest paid
Discount amortization = €35,027 - €20,000
Discount amortization = €15,027
The carrying value at the end of the first year is calculated as follows:
Carrying value = Present value of principal + Present value of interest payments - Discount amortization
Carrying value = €300,528 + €49,737 - €15,027
Carrying value = €335,238
The discount amortization, carrying value, and interest expense for the remaining years can be calculated in a similar manner.
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burns nuclear power common stock has a beta of 0.8 and currently pays a dividend of $3. the us treasury bill rate is 2.5% and the market risk premium is 9.5%. what is the value of this stock if a constant annual growth rate of 4% is expected in dividends and earnings?
The value of Burns Nuclear Power common stock is $49.52, given the assumptions provided.
Why will be find stock if a constant annual growth rate of 4% is expected?To calculate the value of Burns Nuclear Power common stock, we can use the dividend discount model [tex](DDM)[/tex]:
Value of stock = (dividend / (required rate of return - dividend growth rate))
First, we need to calculate the required rate of return using the capital asset pricing model [tex](CAPM)[/tex]:
Required rate of return = risk-free rate + beta x market risk premium
In this case, the risk-free rate is 2.5% and the market risk premium is 9.5%. The beta of Burns Nuclear Power common stock is 0.8. Therefore, we can calculate the required rate of return as follows:
Required rate of return = 2.5% + 0.8 x 9.5% = 10.7%
Next, we can calculate the expected future dividends using the constant growth rate of 4%:
Dividend in year 1 = $3 x (1 + 4%) = $3.12
Dividend in year 2 = $3.12 x (1 + 4%) = $3.25
Dividend in year 3 = $3.25 x (1 + 4%) = $3.38
And so on...
Using the DDM formula and the expected future dividends, we can calculate the value of Burns Nuclear Power common stock:
Value of stock = ($3.12 / (10.7% - 4%)) + ($3.25 / (10.7% - 4%)^2) + ($3.38 / (10.7% - 4%)^3) + ...
Using the formula for an infinite geometric series, we can simplify this expression as follows:
Value of stock = ($3.12 / (10.7% - 4%)) x (1 / (1 - (1 + 4%) / (10.7% - 4%)))
Simplifying further, we get:
Value of stock = $3.12 / 0.063 = $49.52
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Pinnacle Corp. budgeted $270,290 of overhead cost for the current year. Actual overhead costs for the year were $222,380. Pinnacle's plantwide allocation base, machine hours, was budgeted at 45,740 hours. Actual machine hours were 56,430. A total of 96,170 units was budgeted to be produced and 98,000 units were actually produced. Pinnacle's plantwide factory overhead rate for the current year is: Oa. $2.31 per machine hour Ob. $5.91 per machine hour Oc. $4.86 per machine hour Od. $2.81 per machine hour
Pinnacle's plantwide allocation base, machine hours, was budgeted at 45,740 hours. The closest option is d. $2.81 per machine hour.
Budgeted plantwide factory overhead rate = Budgeted overhead costs / Budgeted allocation base
Budgeted allocation base = Budgeted machine hours = 45,740 hours
Budgeted overhead costs = $270,290
Therefore,
Budgeted plantwide factory overhead rate = $270,290 / 45,740 hours = $5.91 per machine hour
However, we also need to take into account the actual machine hours and units produced, which were higher than budgeted. To calculate the actual overhead rate, we need to divide the actual overhead costs by the actual allocation base.
Actual allocation base = Actual machine hours = 56,430 hours
Actual overhead costs = $222,380
Therefore,
Actual plantwide factory overhead rate = Actual overhead costs / Actual allocation base
Actual plantwide factory overhead rate = $222,380 / 56,430 hours = $3.94 per machine hour
So, the answer is not one of the options given. The closest option is d. $2.81 per machine hour, but that is the budgeted rate, not the actual rate.
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lina is taking out a mortgage for $161.000 to buy a new house and is deciding between the offers from two lenders She wants to know which one would be the better deal over the life of the mortgage loan, and by how much Answer each part. Do not round intermediate computations, and round your answers to the nearest cent If necessary, refer to the list of financial formulas (a) An online lending company has offered her a 30-year mortgage loan it an annual Interest rate of 3.5%. Find the monthly payment. $ __ ? (b) A bank has offered her a 30-year mortgage loan at an annual interest rate of 2% Find the monthly payment. $ __ (C) Suppose Jina pays the monthly payment each month for the full term. Wichlender's mortgage loan would have the lowest total amount to pay off, and by how much? - Online lending company The total amount paid would be $ __ less than to the bank. Bank The total amount paid would be $__ less than to the online lending company
a) The monthly payment for the online lending company's mortgage loan is $721.63.
b) The monthly payment for the bank's mortgage loan is $611.95.
c) The bank's mortgage loan would have the lowest total amount to pay off, by $39,484.80 ($259,786.80 - $220,302.00).
(a) To find the monthly payment for the online lending company's mortgage loan:
Monthly interest rate = Annual interest rate / 12
= 3.5% / 12
= 0.002917
Number of payments = 30 years x 12 months/year
= 360
Using the formula for monthly payments on a mortgage loan:
Monthly payment =[tex](P x r) / (1 - (1 + r)^(-n))[/tex]
= (161000 x 0.002917) / (1 - (1 + 0.002917)^(-360))
= $721.63
Therefore, the monthly payment for the online lending company's mortgage loan is $721.63.
(b) To find the monthly payment for the bank's mortgage loan:
Monthly interest rate = Annual interest rate / 12
= 2% / 12
= 0.001667
Number of payments = 30 years x 12 months/year
= 360
Using the formula for monthly payments on a mortgage loan:
Monthly payment =[tex](P x r) / (1 - (1 + r)^(-n))[/tex]
= (161000 x 0.001667) / (1 - (1 + 0.001667)^(-360))
= $611.95
Therefore, the monthly payment for the bank's mortgage loan is $611.95.
(c) To find the total amount paid for each mortgage loan, we can multiply the monthly payment by the number of payments and add any additional fees or costs associated with the loan. Assuming that there are no additional fees or costs, the total amount paid for each loan would be:
Total amount paid to online lending company = $721.63 x 360
= $259,786.80
Total amount paid to bank = $611.95 x 360
= $220,302.00
Therefore, the bank's mortgage loan would have the lowest total amount to pay off, by $39,484.80 ($259,786.80 - $220,302.00).
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bank a offers loans at an 8% nominal rate (apr) but requires that interest be paid quarterly;that is, it uses quarterly compounding. bank b wants to charge the same effective rate on its loans, but it wants to collect interest on a monthly basis, that is to use monthly compounding. what nominal rate must bank b set?
Bank B must set a nominal rate of 7.72% to charge the same effective rate as Bank A.
What is the nominal rate required by Bank B to charge the same effective rate on its loans as Bank A?To calculate the nominal rate required by Bank B, we need to use the formula for the effective annual interest rate, which takes into account the compounding frequency. By setting the effective annual interest rate of Bank B's loan equal to that of Bank A's loan, and solving for the nominal rate with monthly compounding, we get a rate of 7.72%.
This means that Bank B needs to charge a nominal rate of 7.72% with monthly compounding to have the same effective rate as Bank A's 8% nominal rate with quarterly compounding.
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Walmart's management has asked you to calculate their weighted average cost of capital. Their CFO tells you that they currently have 45% of their financing from debt, 10% from preferred stock and 45% from common equity. However, they have a target of 40% from debt, 5% from preferred stock and the remainder from common equity. The CFO says that the last time they issued bonds, the cost was 5.2%. They have some existing 20 year bonds that have a coupon rate of 3.4%, are non-callable and pay semi-annual payments. These cost $1,023. They also have some 5 years bonds that have a coupon rate of 2.7%, are non-callable and pay semi-annual payments. These cost $1,076. And they have some 20 year bonds that have a coupon rate of 3.6%, that are callable and pay semi-annual payments. These cost $1,010. Walmart's previous tax rate was 23% but they expect that in the future the tax rate will be 24.4%. They have preferred stock that has a par value of $100. The dividend rate is 6.3% and the cost is $154.23 per share. The flotation cost of the preferred stock is 3%. Walmart's stock price is $142.60 per share. They pay an annual dividend of $2.24 which is expected to grow at a constant rate of 3.5% a year. The stock has a Beta of 53. The market risk premium is 5.7% and the risk free rate is 25% (that is one quarter of one percent). Walmart's management considers their stock to have a risk premium above their bonds of 1.5%.1. What is Walmart's full year AT cost of debt? A.2.45% B.3.02% C.3.18% D.4.22% 2. What is Walmart's cost of preferred stock? A. 2.66% B.3.75% C.4.21% D.5.12% 3. What is Walmart's cost of common equity using the CAPM method? A.2.98% B.3.27% C.4.11% D.5.26%
1. Walmart's full year after-tax cost of debt is 2.45%. 2. Walmart's cost of preferred stock is 6.61%. 3. Walmart's cost of common equity using the CAPM method is 3.27%.
1. To calculate Walmart's after-tax cost of debt, we need to take into account the tax rate. We have three different bonds with different coupon rates, but since only one of them is callable, we can ignore it for now. We can use the following formula to calculate the after-tax cost of debt for each bond:
After-tax cost of debt = Coupon rate x (1 - Tax rate)
For the 20-year non-callable bonds with a coupon rate of 3.4%, the after-tax cost of debt is:
After-tax cost of debt = 3.4% x (1 - 0.244) = 2.57%
For the 5-year non-callable bonds with a coupon rate of 2.7%, the after-tax cost of debt is:
After-tax cost of debt = 2.7% x (1 - 0.244) = 2.05%
We can then calculate the weighted average cost of debt as follows:
Weighted average cost of debt = (Market value of 20-year bonds / Total market value of debt) x After-tax cost of 20-year bonds + (Market value of 5-year bonds / Total market value of debt) x After-tax cost of 5-year bonds
Total market value of debt = Market value of 20-year bonds + Market value of 5-year bonds
Market value of 20-year bonds = $1,023
Market value of 5-year bonds = $1,076
Total market value of debt = $1,023 + $1,076 = $2,099
Weighted average cost of debt = (1,023 / 2,099) x 2.57% + (1,076 / 2,099) x 2.05% = 2.45%
Therefore, Walmart's full year after-tax cost of debt is 2.45%.
2. The cost of preferred stock is the dividend rate divided by the net proceeds per share. The net proceeds per share can be calculated as follows:
Net proceeds per share = Par value - Flotation cost
Par value of preferred stock = $100
Flotation cost of preferred stock = 3% x $154.23 = $4.63
Net proceeds per share = $100 - $4.63 = $95.37
The cost of preferred stock is then:
Cost of preferred stock = Dividend rate / Net proceeds per share
Dividend rate = 6.3%
Cost of preferred stock = 6.3% / $95.37 = 6.61%
Therefore, Walmart's cost of preferred stock is 6.61%.
3. To calculate the cost of common equity using the CAPM method, we use the following formula:
Cost of common equity = Risk-free rate + Beta x Market risk premium + Company-specific risk premium
Risk-free rate = 0.25%
Beta = 0.53
Market risk premium = 5.7%
Company-specific risk premium = 1.5%
Cost of common equity = 0.25% + 0.53 x 5.7% + 1.5% = 3.27%
Therefore, Walmart's cost of common equity using the CAPM method is 3.27%.
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Increased international competition can be seen as a motivator to emphasize:
A) asset diversification strategies.
B) the risk side of the risk-return relationship.
C) the return side of the risk-return relationship.
D) invest in a new risky project.
Increased international competition can be seen as a motivator to emphasize all of the options mentioned in the question. The competition in the global market can push companies to seek out new strategies to remain competitive and profitable.
One of these strategies is asset diversification, which involves spreading out investments across different types of assets to reduce overall risk. This can help companies mitigate the effects of any downturns in specific markets or industries.
At the same time, increased competition can also lead companies to focus on the risk side of the risk-return relationship. This means that they may be more cautious in their investments and seek out lower-risk opportunities to ensure that they don't suffer any significant losses.
On the other hand, companies may also choose to focus on the return side of the risk-return relationship in response to international competition. This could mean investing in higher-risk, higher-reward opportunities to try and gain an edge over their competitors.
Finally, increased competition could also motivate companies to invest in new risky projects. This could be seen as a way to differentiate themselves from their competitors and gain an advantage in the market.
Overall, the best approach will depend on a variety of factors, including the company's current financial situation, its risk tolerance, and its long-term goals. By carefully considering all of these factors and making informed decisions, companies can remain competitive in the face of increased international competition.
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\ Comm Devices (CD) is a division of Worldwide Communications, Inc. CD produces restaurant pagers and other personal communication devices. These devices are sold to other Worldwide divisions, as well as to other communication companies. CD was recently approached by the manager of the Personal Communications Division regarding a request to make a special emergency-response pager designed to receive signals from anywhere in the world. The Personal Communications Division has requested that CD produce 9,900 units of this special pager. The following facts are available regarding the Comm Devices Division. Selling price of standard pager Variable cost of standard pager $97 $49 $36 Additional variable cost of special pager For each of the following independent situations, calculate the minimum transfer price, and determine whether the Personal Communications Division should accept or reject the offer. The Personal Communications Division has offered to pay the CD Division $112 per pager. The CD Division has no available capacity. The CD Division would have to forgo sales of 7,920 pagers to existing customers in order to meet the request of the Personal Communications Division. (Note: The number of special pagers to be produced does not equal the number of existing pagers that would be forgone.) (Round answer to 2 decimal places, e.g. 125.36.) Minimum transfer price
Since the Personal Communications Division has offered to pay $112 per pager, they should reject the offer as it is below the minimum transfer price. Therefore, the minimum transfer price would be $126.00 per pager.
Calculation of the given question:Variable cost of standard pager + Additional variable cost of special pager = Total variable cost
$49 + $36 = $85
Selling price of standard pager - Total variable cost = Contribution margin per unit
$97 - $85 = $12
Contribution margin per unit * Number of forgone sales = Opportunity cost
$12 * 7,920 = $95,040
Opportunity cost + Total variable cost of special pager = Minimum transfer price
$95,040 + $36 = $95,076
$95,076 / 750 = $126.00
Since the Personal Communications Division has offered to pay $112 per pager, they should reject the offer as it is below the minimum transfer price. Therefore, the minimum transfer price would be $126.00 per pager.
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106. A training program's content is shaped by the needs assessment and the learning principles. True False
A training program's content is shaped by the needs assessment and the learning principles is True.
A training program's content should be based on the results of a needs assessment, which identifies the specific knowledge and skills that need to be developed.
Additionally, the content should be designed based on learning principles, which ensure that the training is effective and engaging for learners. The needs assessment identifies the skills and knowledge gaps, while learning principles ensure effective delivery and comprehension of the training content. Together, they shape a successful training program.
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Daisy Ltd. produces books. Managers of Daisy Ltd. expect to produce 300 books and expect to have total overheads of £12,000. The actual production level was 400 books and the actual fixed production overheads equal £21,000. Daisy Ltd. sells 350 books for £20 per book. The variable production cost per unit is £5. Considering this information, which of the following statements is true? Select one: a. The income statement shows a loss of £15,750 when using the marginal costing technique. O b. The overheads absorption rate equals £50 per unit. O c. When using the absorption cost technique, there is an over-absorption of £5,000 which represents a revenue. O d. None of the answers is true.
According to the question, The correct answer is option C. When using the absorption cost technique, there is an over-absorption of £5,000 which represents a revenue.
This is because the actual fixed production overheads of £21,000 are higher than the expected fixed production overheads of £9,000 (calculated as 300 books x £30 per unit overhead absorption rate). This means that the overheads are over-absorbed by £12,000 (calculated as £21,000 - £9,000). Since the company has sold 350 books, this over-absorption of overheads represents additional revenue of £5,000 (calculated as £12,000/350 books). Therefore, the income statement will show a profit when using the absorption costing technique. The marginal costing technique will show a loss of £15,750 (calculated as 350 books x (£20 selling price - £5 variable cost) - £12,000 fixed production overheads).
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according to social theorist max weber, groups of people share class status based on a combination of factors that most importantly determine their
According to social theorist Max Weber, groups of people share class status based on a combination of factors that most importantly determine their "life chances."
These factors include their economic resources, their social status or prestige, and their power or influence in society. Weber believed that an individual's social class is not determined solely by their economic position, but also by their social and political status. Therefore, an individual's life chances, or opportunities for social and economic advancement, are influenced by all three factors.
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by contacting one of the transacting parties (buyer, seller, or realtor) is part of?
By contacting one of the transacting parties, you are taking a main step in the process of gathering information and making a decision about a potential real estate transaction.
Contacting one of the transacting parties (buyer, seller, or realtor) is part of the main process of communication and negotiation in a real estate transaction. The conclusion of this process typically involves reaching an agreement on the terms and conditions of the transaction, such as price and closing date.However, it is important to keep in mind that contacting only one party may not provide a complete picture, so it is advisable to gather information from multiple sources before reaching a conclusion.
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Old Tyme Soda produces one flavor of a popular local soft drink. It had no work-in-process on October 31 in its only inventory account. During November, Old Tyme started 10,000 barrels. Work-in-process on November 30 is 1,200 barrels. The production supervisor estimates that the ending work-in-process inventory is 30% complete. An examination of Old Tyme's accounting records shows direct material costs of $18,072 and conversion costs of $20,400 for November. All production is sold as it is produced.Required:A. Compute the cost of goods sold for November.B. What is the value of work-in-process inventory on November 30?
According to the Old Tyme's accounting records:
A. The cost of goods sold for November is $37,124.
B. The value of the work-in-process inventory on November 30 is $1,386.
A. The cost of goods sold for November can be calculated as follows:
Total manufacturing cost = Direct material cost + Conversion cost
Total manufacturing cost = $18,072 + $20,400
Total manufacturing cost = $38,472
Cost per barrel = Total manufacturing cost / Total number of barrels produced
Cost per barrel = $38,472 / 10,000 barrels
Cost per barrel = $3.85
Cost of goods sold = Cost per barrel x Number of barrels sold
Since all production is sold as it is produced, the number of barrels sold equals the number of barrels produced minus the ending work-in-process inventory.
Number of barrels sold = 10,000 - 1,200 x 30% (since the ending work-in-process inventory is 30% complete)
Number of barrels sold = 10,000 - 360
Number of barrels sold = 9,640
Cost of goods sold = $3.85 x 9,640 barrels
Cost of goods sold = $37,124
Therefore, the cost of goods sold for November is $37,124.
B. The value of the work-in-process inventory on November 30 can be calculated as follows:
Value of work-in-process inventory = Cost per barrel x Number of barrels in work-in-process inventory x Percentage complete
Value of work-in-process inventory = $3.85 x 1,200 barrels x 30%
Value of work-in-process inventory = $1,386
Therefore, the value of the work-in-process inventory on November 30 is $1,386.
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35. In using a systems approach to financial planning, it is necessary to develop everything except:
A. pro forma income statement.
B. cash budget.
C. pro forma balance sheet.
D. a collection schedule.
D. A collection schedule.
In using a systems approach to financial planning, it is necessary to develop everything except collection schedule.
A collection schedule is not a necessary component in using a systems approach to financial planning, as it primarily deals with tracking and organizing incoming payments. However, the other options listed - pro forma income statement, cash budget, and pro forma balance sheet - are all essential components of financial planning through a systems approach.
A pro forma income statement is a financial statement that predicts an organization's anticipated revenue, expenses, and net income for a specific period. A cash budget, on the other hand, outlines an organization's anticipated cash inflows and outflows for a particular period. Finally, a pro forma balance sheet is a financial statement that outlines an organization's anticipated assets, liabilities, and equity at a specific point in time.
Together, these components provide a comprehensive view of an organization's financial position and help to inform strategic decision-making.
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In order for a quantity discount purchase to make sense, the total costs of inventory (acquisition, holding and ordering costs) must be minimized. True/False
The given statement "In order for a quantity discount purchase to make sense, the total costs of inventory (acquisition, holding and ordering costs) must be minimized" is true because when considering a quantity discount purchase, it is important to evaluate the total costs of inventory, which include the acquisition costs, holding costs, and ordering costs.
The acquisition cost is the cost of purchasing the items, while the holding cost is the cost of storing and managing the inventory. The ordering cost is the cost of placing an order for inventory.
In order for a quantity discount purchase to make sense, the total costs of inventory must be minimized. This means that the cost savings from the quantity discount must outweigh the additional costs of holding more inventory and placing larger orders. It is important to consider the carrying costs of holding inventory, such as storage space, labor, insurance, and potential obsolescence.
Additionally, the ordering cost should be minimized by placing larger orders less frequently to take advantage of the quantity discount. However, it is important to consider the trade-off between holding too much inventory and tying up cash flow, and not holding enough inventory and risking stockouts.
Therefore, in order for a quantity discount purchase to make sense, it is important to carefully evaluate the total costs of inventory and ensure that the savings from the quantity discount outweigh the additional costs of holding and ordering more inventory.
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The Company is contemplating for new sales strategy as follows :
(i) Sales to grow at 30% per year for next four years.
(ii) Assets turnover ratio, net profit ratio and tax rate will remain the same.
(iii) Depreciation will be 15% of value of net fixed assets at the beginning of the year.
(iv) Required rate of return for the company is 15%
Evaluate the viability of new strategy.
The viability of new strategy of a company is that it will increase revenue, assets turnover ratio will remain same , Depreciation will reduces the company's taxable income and the required rate of return for the company is 15%, then a company is expects to earn at least 15% on its investment.
Based on the given information, we can evaluate the viability of the new sales strategy as follows:
(i) Sales growth of 30% per year for the next four years is a significant increase in revenue. However, it is not clear how this growth will be achieved. If the company has a solid plan for increasing sales through effective marketing, expanding the product line, or entering new markets, then the sales target may be achievable.
(ii) The fact that the asset turnover ratio, net profit ratio, and tax rate will remain the same suggests that the company is not planning to make significant changes to its operations or financial structure. This could be both positive and negative. On one hand, it means that the company is confident in its current approach and expects to continue generating profits at the same rate. On the other hand, it may also indicate a lack of innovation or willingness to take risks.
(iii) Depreciation of 15% of the net fixed assets value at the beginning of the year is a standard accounting practice. It reduces the value of assets on the balance sheet over time and reflects the wear and tear of the assets. However, it also reduces the company's taxable income, which could lower its tax liability.
(iv) The required rate of return for the company is 15%, which means that the company expects to earn at least 15% on its investment. This is a reasonable expectation, but it also means that the company needs to generate enough profits to meet this target.
Overall, the viability of the new sales strategy depends on a variety of factors, including the company's ability to increase sales, maintain profitability, and manage expenses. If the company can achieve its sales targets while maintaining its financial ratios and meeting its required rate of return, then the new strategy could be successful. However, if the company is unable to meet these goals, it may need to revise its strategy or face financial difficulties.
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Taxable Equivalent Yield What's the taxable equivalent yield on a municipal bond with a yield to maturity of 6.50 percent for an investor in the 25 percent marginal tax bracket? (Round your answer to 2 decimal places.) Multiple Choice 1.63% 6.50% 26.00% 8.67%
The taxable equivalent yield is calculated by dividing the municipal bond yield by 1 minus the marginal tax rate. In this case, the calculation would be: 8.67% Therefore, the correct answer is 8.67%.
How to calculate the taxable equivalent yield on a municipal bond?
To calculate the taxable equivalent yield on a municipal bond with a yield to maturity of 6.50 percent for an investor in the 25 percent marginal tax bracket, follow these steps:
Step 1: Use the formula for taxable equivalent yield: Taxable Equivalent Yield = Municipal Bond Yield / (1 - Marginal Tax Rate)
Step 2: Convert the marginal tax rate into a decimal: 25% = 0.25
Step 3: Subtract the marginal tax rate from 1: 1 - 0.25 = 0.75
Step 4: Divide the municipal bond yield by the result from step 3: 6.50% / 0.75 = 8.67%
So, the taxable equivalent yield on the municipal bond for an investor in the 25 percent marginal tax bracket is 8.67%. The correct answer is 8.67%.
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Suppose Baldwin invested in plant and equipment last year. The plant investment was funded with bonds at a face value of $8,000,000 at 12.5% interest and equity of $4,200,000. Depreciation is 15 years straight line. For this transaction alone, which of the following statements are true (select 3 answers)?1.Cash was pulled from Retained Earnings to cover the $4,200,000 difference between plant purchase and bond issue.2. Cash went down by the amount of the plant purchase.3. On the Balance Sheet, Plant & Equipment increased by $12,200,000.4. Buying the plant had no net effect on the Cash account because the plant was paid for by the bond plus Retained Earnings.5. Depreciation increased by $813,333.6. Cash went up when the bond was issued by $8,000,000.7. On the Balance Sheet, Long Term Debt changed by $8,000,000.8. Since the new plant was funded with debt and equity, on the Balance Sheet, Retained Earnings decreased by $4,200,000, the difference between the investment and the bond issue.
Cash went down by the amount of the plant purchase. On the Balance Sheet, Plant & Equipment increased by $12,200,000.
Since the new plant was funded with debt and equity, on the Balance Sheet, Retained Earnings decreased by $4,200,000, the difference between the investment and the bond issue.
Explanation:
1. This statement is not true because the equity of $4,200,000 was not necessarily pulled from Retained Earnings, it could have been contributed by shareholders or obtained from other sources.
2. This statement is true because cash was used to pay for the plant and equipment.
3. This statement is true because the plant investment was $12,200,000, which is the sum of the face value of the
bonds ($8,000,000) and the equity ($4,200,000).
4. This statement is not true because cash was used to pay for the plant, even though some of it came from the bond issue and some from equity.
5. This statement is not true because depreciation is a non-cash expense that reduces the value of the plant over time, it does not increase it.
6. This statement is true because cash went up by $8,000,000 when the bonds were issued.
7. This statement is true because the issuance of the bonds increased the Long Term Debt on the Balance Sheet by $8,000,000.
8. This statement is true because Retained Earnings decreased by $4,200,000 to fund the plant investment that was partially funded with equity.
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Peter Company manufactures a single product and uses process costing. The following activity was recorded in the cutting department during July: Production data: Units in process, July 1: materials 70% compete; conversion 30% complete 60,000 Units started in 550,000 production: 50,000 Units in process, July 31: materials 90% complete; conversion 40% complete Cost data Work in process inventory, July 1 Materials $28,000 Conversion $20,000 Cost added during July Materials $500,000 Conversion $400,000 The company uses the FIFO method. Required: Prepare a cost of production report - FIFO method
To prepare a cost of production report using the FIFO method, we need to calculate the equivalent units of production for both materials and conversion costs.
For materials, we take the units completed and the units in process at July 31 and multiply them by the percentage of completion to get the equivalent units of production. For conversion costs, we do the same but for the conversion costs added during the period.
Once we have the equivalent units of production, we can calculate the cost per equivalent unit by dividing the cost added during the period by the equivalent units of production. We then allocate the costs to the units completed and the units in process at July 31 based on their respective equivalent units of production.
Using this method, we can prepare a cost of production report that shows the cost per unit and the total cost of goods completed and in process. This report is useful for management to make decisions about pricing, inventory levels, and production efficiency.
The FIFO method assumes that the first units completed and sold are the oldest units in inventory, which may not always be accurate, but it is a widely used and accepted costing method.
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Rent controls often have adverse effects, including
Answers:
A too much housing in a community.
B too much construction of new rental units in the community.
C deterioration in the quality of existing rental units.
D income transfers from the poor to landlords.
C - Rent controls often lead to deterioration in the quality of existing rental units. This is because landlords may not have enough funds to invest in maintenance and upgrades when they are limited in the amount they can charge for rent.
Additionally, landlords may have less incentive to provide quality housing when they cannot raise rents to reflect the value of improvements. Rent controls do not typically lead to an excess of housing or construction of new rental units, and income transfers from the poor to landlords are not a direct result of rent control policies.
Rent controls often have adverse effects, including C) deterioration in the quality of existing rental units. This occurs because landlords may have less incentive to maintain or improve their properties due to the artificially low rental income they receive under rent control regulations.
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which of the following is a characteristic of a downtown location, in the context of small businesses? group of answer choices it has the distinction of having low crime rates. it suffers due to inadequate public transportation. the shopping hours are limited. the availability of ample parking space attracts customers.\\
A downtown location for small businesses typically has limited shopping hours due to being in a busy and bustling area.
Understanding downtown locationOne characteristic that can attract customers is the availability of ample parking space.
On the flip side, downtown locations may suffer due to inadequate public transportation options, which can make it difficult for customers to access the area.
Additionally, while downtown areas may have a high level of foot traffic, there is also a risk of crime, although this can vary depending on the specific location.
Overall, a downtown location for small businesses can have its advantages and disadvantages, and it is important to carefully consider these factors when choosing a location for your business.
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mitch likes his coworkers, thinks his pay is fair, and appreciates the interesting assignments his boss gives him, so mitch is likely to have high _______
Mitch likes his coworkers, thinks his pay is fair, and appreciates the interesting assignments his boss gives him, so mitch is likely to have job satisfaction.
Mitch having high job satisfaction due to liking his coworkers can be explained by the positive social interactions and relationships he experiences in the workplace.
Having good relationships with coworkers can contribute to a positive work environment, increased collaboration, support, and a sense of belonging.
Positive coworker relationships can enhance job satisfaction by creating a supportive and enjoyable work atmosphere, fostering teamwork and camaraderie, and providing a sense of social connection and fulfillment in the workplace.
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You need to reprimand a staff assistant who has been coming in to work late for the last several days. Which of these options would most likely be both efficient and effective? Check all that apply. O Use social media O Schedule a meeting to discuss the problem O Send an email O Reprimand the individual in public so as to deter others from being late O Regardless of what you do first, follow-up with a written reprimand to the individual's personnel file
Schedule a meeting to discuss the problem, Send an email, Regardless of what you do first, follow-up with a written reprimand to the individual's personnel file.
Using social media or reprimanding the individual in public are not appropriate methods to address the issue, as they can be unprofessional and may harm the morale of the team. It is important to address the issue in a private and respectful manner. Schedule a meeting: Set up a private meeting with the staff assistant to discuss the issue. Choose a time when you are both free and won't be interrupted. This will allow you to address the issue directly and provide an opportunity for the staff assistant to explain their behavior or discuss any underlying issues that may be contributing to the problem.
Be specific: When discussing the issue, be clear and specific about the problem behavior. Explain that coming in late is not acceptable and provide examples of how it affects the team and the work. Listen: Allow the staff assistant to express their thoughts and feelings about the issue. Be open to hearing their perspective and consider any underlying issues or personal circumstances that may be contributing to the problem.
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has a local pharmacy in prairie grove. she inherited it from her father. walgreen's has just opened a store across the street from erica. in terms of competitive rivalry, erica but not . shares market commonality/resource similarity shares resource similarity/market commonality shares market dominance/resource asymmetry shares resource asymmetry/market dominance
In terms of competitive rivalry, Erica shares resource similarity/market commonality with Walgreen's as they are both in the same industry and offer similar products and services.
However, Erica does not share market dominance/resource asymmetry as Walgreen's is a larger chain with more resources and market power.
This can put Erica at a disadvantage as she may struggle to compete with the marketing and advertising power of Walgreen's. However, Erica can differentiate her pharmacy by offering personalized customer service, unique products, and emphasizing her local ownership and ties to the community.
Additionally, she can also consider forming strategic partnerships or alliances with other local businesses to increase her market power and resources. It's important for Erica to stay competitive and adapt to changes in the market to ensure the success of her business.
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Direct Labor Costs During August, Carrothers Company accumulated 850 hours of direct labor costs on Job 50 and 610 hours on Job 56. The total direct labor was incurred at a rate of $22 per direct labor hour for Job S0 and 518 per direct labor hour for Job 56. Journalize the entry to record the flow of labor costs into production during August. If an amount box does not require an entry, leave it blank 88
The journal entry to record the flow of direct labor costs into production during August for Carrothers Company is as follows:
Debit Work-in-Process Inventory account:
Job 50: 850 hours x $22 per hour = $18,700
Job 56: 610 hours x $18 per hour = $11,180
Total direct labor cost = $18,700 + $11,180 = $29,880
Credit Direct Labor Cost account: $29,880
Explanation: Direct labor cost is a component of manufacturing overhead that directly adds value to the production of goods. When direct labor is incurred, it is recorded as a debit to the Work-in-Process Inventory account and a credit to the Direct Labor Cost account. In this case, Carrothers Company has accumulated 850 hours of direct labor costs on Job 50 and 610 hours on Job 56 at a rate of $22 and $18 per direct labor hour, respectively. The total direct labor cost incurred during August is $29,880, which is debited to the Work-in-Process Inventory account, and the Direct Labor Cost account is credited for the same amount. This entry reflects the cost of labor that has been used in the production of the goods and will be used to calculate the cost of goods sold at the end of the accounting period.
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The beginning inventory is expected to be 2,900 coses. Expected sales are 12,700 cases, and the company wishes to begin the next period with an Inventory of 1,900 cases. The number of cases the compan
The company needs to purchase 11,700 cases to achieve its desired ending inventory of 1,900 cases, given the expected sales of 12,700 cases and beginning inventory of 2,900 cases.
Based on the given information, the company expects to sell 12,700 cases and wishes to end the period with 1,900 cases. Therefore, the total number of cases needed for the period is 14,600 cases (12,700 + 1,900).
To calculate the number of cases the company needs to purchase, we must subtract the beginning inventory from the total number of cases needed. Thus, the company needs to purchase 11,700 cases (14,600 - 2,900) to meet its expected sales and ending inventory goals.
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In the context of assigning tasks within an organization, which of the following statements is true of specialization?
Specialization refers to the process of dividing work into specific and specialized tasks or roles, which allows individuals or teams to become experts in their assigned area. In the context of assigning tasks within an organization, specialization can lead to increased efficiency, productivity, and quality of work. This is because specialized individuals are able to focus on their area of expertise and perform their tasks with greater skill and speed. However, specialization can also lead to a lack of flexibility and adaptability, as individuals may be less capable of performing tasks outside of their specialized area. Additionally, too much specialization within an organization can result in silos and a lack of cross-functional collaboration. Therefore, it is important for organizations to strike a balance between specialization and generalization in their task assignments.
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