As of Dec. 31, 2013, a company had current assets of $600,000 and current liabilities of $300,000. Sales of the company are expected to increase by 10 percent for each of the next two years. If all current assets and current liability accounts increase proportionately with sales, what would be the projected current ratio of the company on Dec. 31, 2015

Answers

Answer 1

Answer:

2.00

Explanation:

Calculation to determine what would be the projected current ratio of the company on Dec. 31, 2015

Using this formula

Current ratio =Current assets/ Current liabilities

Let plug in the formula

Current ratio =$600,000 /$300,000

Current ratio =2.00

Therefore the projected current ratio of the company on Dec. 31, 2015 is 2.00


Related Questions

assume that a compan operates a fleet of limousines if a limo is driven 80,000 miles during a year its average is 25 cents per mile. driven only 60,000 miles operating cost is 30 cents per mile high low method, what is the estimated fixed cost per year

Answers

Answer:

The answer is "$12000".

Explanation:

Calculating the total cost:

when 80,000 miles[tex]=(80,000\times 0.25)=\$20,000[/tex]

when 60,000 miles[tex]=(60,000\times 0.3)=\$18000[/tex]

[tex]\text{Calculating the per mile variable cost} =\frac{[\text{Total cost of highest level-Total cost of lowest level}]}{(Highest \ level-Lowest \ level)}[/tex]

                                                           [tex]=\frac{(20,000-18000)}{(80,000-60,000)}\\\\=\frac{(2,000)}{(20,000)}\\\\=\frac{(1,000)}{(10,000)}\\\\=\frac{(1)}{(10)}\\\\=$0.1 / mile[/tex]

So, the total fixed cost:

[tex]=20,000-(80,000\times 0.1)\\\\=20,000-8,000\\\\=\$12,000[/tex]

Actual labor rate $16 per hour Actual materials price $160 per ton Standard labor rate $15.50 per hour Standard materials price $163 per ton Quantities Actual hours incurred and used 5,000 hours Actual quantity of materials purchased and used 1,700 tons Standard hours used 5,040 hours Standard quantity of materials used 1,675 tons (a) Compute the total, price, and quantity variances for materials and labor. Total materials variance $enter a dollar amount select an option Materials price variance $enter a dollar amount select an option Materials quantity variance $enter a dollar amount select an option Total labor variance $enter a dollar amount select an option Labor price variance $enter a dollar amount select an option Labor quantity variance

Answers

Answer:

Materials price variance $5,100 F

Materials quantity variance $4,075 U

Total labor variance $2,500 U

Labor price variance $620 F

Explanation:

a) Data and Calculations:

                                      Actual        Standard

Labor rate per hour       $16            $15.50

Material price per ton  $160          $163

Labor hours                5,000       5,040

Materials                      1,700        1,675

a) Total price variance for materials = Standard price per ton - Actual price per ton * Actual materials

= $163 - $160 * 1,700

= $5,100 F

b) Total quantity variance for materials = Standard quantity - Actual quantity * Standard price

= 1,675 - 1,700 * $163

= 25 * $163

= $4,075 U

c) Total price variance for labor = Standard rate per hour - Actual rate per hour * Actual labor hours

= $15.50 - $16 * 5,000

= -$0.50 * 5,000

= $2,500 U

d) Total quantity variance for labor = Standard labor hours - Actual labor hours * Standard rate

= 5,040 - 5,000 * $15.50

= $620 F

What is the importance of computer applications in the business domain? How Computer applications support businesses to work ubiquitously? Give valid reasoning with examples.

Answers

Answer:

Explanation:

The importance of computer applications in the business domain is that it allows for the automatization of daily tasks. This is also the reason why businesses that implement such applications are able to work ubiquitously. The software applications are designed to automate all of the tasks that the business needs and perform them quickly and efficiently, if a certain task is not able to be automated then the software still makes completing the task by only requiring user input for the absolutely necessary parts of the task. One example of this would be a logistics application for businesses where inventory is automatically calculated as sales go through and automatically replenished by sending inventory requests to suppliers.

Interest earning of 3% with a $450 minimum balance average monthly balance of $900 monthly service charge of $11 for falling below the minimum balance which occurs five times a year no interest earned in the month. What is the net annual cost

Answers

Answer:

$39.25

Explanation:

Given that Interest earning = 3 percent

minimum balance = $450

average monthly balance = $900

monthly service charge = $11

Occurrence period = 5 times

Hence, Net annual cost = Service charges - Interest earnings

=> Service Charge = (5 × $11) - Interest earnings (7 / 12)(0.03 × $900)

= $55 - $15.75

= $39.25

Therefore, the final answer to this question is $39.25

if a car was driven at 60kmh^-1 continually for two hours yet the average velocity for the journey was zero,explain how this could be so​

Answers

Answer:

The average velocity of the car was zero because the displacement was zero.

Explanation:

Average velocity is the rate of change of displacement with time. Mathematically, it is calculated as follows;

[tex]v = \frac{\Delta x}{\Delta t} = \frac{x_2 - x_1}{t_2 - t_1}[/tex]

where;

x₁ is the initial position or starting point of the car

x₂ is the final position or finishing point of the car

t₁ is the initial time = 0

t₂ is the final time = 2 hours

The average velocity can be zero if the initial position of the car is equal to its final position. In this condition, the displacement of the car is zero.

Therefore, the average velocity was zero because the displacement was zero.

You are deciding where to eat dinner tonight. Eating at Soup Plantation costs $15 and it gives you $20 worth of benefit. Eating at Del Taco costs $5 and gives you $7 worth of value. What is the opportunity cost of eating at Soup Plantation

Answers

Answer: $7

Explanation:

Due to scarcity of resources, economic agents have to make choices and the real cost of the forgone alternative when a choice is made is referred to as the opportunity cost.

Based on the information given, the opportunity cost of eating at Soup Plantation will be the $7 worth of value that will be gotten when one eats at Del Taco.

The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. 20Y3 20Y2 20Y1 Accounts receivable, end of year $710,000 $630,000 $565,000 Sales on account 5,691,000 4,628,500 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Assume a 365-day year. Do not round intermediate calculations. Round your answers to one decimal place. 20Y3 20Y2 1. Accounts receivable turnover fill in the blank 2 fill in the blank 3 2. Number of days' sales in receivables fill in the blank 4 days fill in the blank 5 days The collection of accounts receivable has . This can be seen in both the in accounts receivable turnover and the in the collection period.

Answers

Answer:

Sigmon Inc.

1. Accounts receivable turnover = Sales/Average accounts receivable

20Y3 = 8.49x

20Y2 = 7.75x

2. Number of days sales in receivables = 365/Accounts receivable turnover

20Y3 = 43 days

20y2 = 47.1 days

3. The collection of accounts receivable has improved from 47.1 days to 43 days. This can be seen in both the in accounts receivable turnover and the in the collection period.

Explanation:

a) Data and Calculations:

Terms of all sales are 2/10, n/45

                                                             20Y3          20Y2           20Y1

Accounts receivable, end of year $710,000   $630,000   $565,000

Sales on account                          5,691,000  4,628,500  

Average accounts receivable        670,000     597,500

1. Accounts receivable turnover = Sales/Average accounts receivable

20Y3 = 8.49x ($5,691,000/$670,000)

20Y2 = 7.75x ($4,628,500/$597,500)

2. Number of days sales in receivables = 365/Accounts receivable turnover

20Y3 = 43 days (365/8.49)

20y2 = 47.1 days (365/7.75)

When one gas station lowers its price a penny, the station on the other corner of the intersection lowers its price, followed by the gas stations on the next block, and so on, until nearly every gas station in town has lowered its price. This situation illustrates ________.a. a differentiation strategy.b. intense rivalry among competitors.c. the treat of substitutes.d. a cost leadership strategy.

Answers

Answer:

b. intense rivalry among competitors.

Explanation:

In the market place competitors exist trying to gain an upper hand over each other. They do this by adopting a strategy that will give them an edge over the other firms.

Some examples of strategy used by competitors to get ahead include differentiation strategy and price leadership strategy.

In the given scenario one gas station lowers its price a penny. Because of intense rivalry between competitors they did not allow the gas station maintain the price advantage.

Rather the station on the other corner of the intersection lowers its price, followed by the gas stations on the next block, and so on, until nearly every gas station in town has lowered its price.

Trace the history of the business

Answers

Explanation:

Business history is a historiographical field which examines the history of firms, business methods, government regulation and the effects of business on society. It also includes biographies of individual firms, executives, and entrepreneurs. It is related to economic history.[1] It is distinct from "company history" which refers to official histories, usually funded by the company itself.

Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $23,000. Budgeted cash receipts total $102,000 and budgeted cash disbursements total $97,000. The desired ending cash balance is $75,000. The company can borrow up to $110,000 at any time from a local bank, with interest not due until the following month.

Required:
Prepare the company's cash budget for March in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance.

Beginning cash balance
Add cash receipts
Total cash available
Less cash disbursements
Excess (deficiency) of cash available over disbursements
Borrowings
Ending cash balance

Answers

Answer:

$75,000

Explanation:

Preparation of the company's cash budget for March in good form

CASH BUDGET

for the month of march

Beginning cash balance $23,000.00

Add: cash receipts $102,000

Total cash available $125,000

Less: cash disbursements $97,000.00

Excess (deficiency) of cash available over disbursements $28,000

Borrowings $47,000

Ending cash balance $75,000.00

Therefore the company's cash budget for March in good form is $75,000

An investment project has annual cash inflows of $4,200, $5,100, $6,300, and $5,500, and a discount rate of 15 percent. a. What is the discounted payback period for these cash flows if the initial cost is $6,900

Answers

Answer:

It will take 1 year and 307 days to cover the initial investment.

Explanation:

Giving the following information:

Initial investment= $6,900

Cash flows:

Cf1= $4,200

Cf2= $5,100

Cf3= $6,300

Cf4= $5,500

Discount rate= 15%

The payback period is the time required to cover the initial investment. We need to discount each cash flow.

Year 1= 4,200/1.15 - 6,900= -3,247.83

Year 2= 5,100/1.15^2 - 3,247.83= 608.50

To be more accurate:

(3,247.83 / 3,856.33)*365= 307 days

It will take 1 year and 307 days to cover the initial investment.

Janson Company prepares an income statement for financial accounting purposes using the traditional income statement format, as well as an income statement for managerial accounting purposes using the contribution margin format. Selected information from both income statement formats are as follows:

Revenues $200,000
Cost of goods sold $40,000
Contribution ion margin ratio 50%
Operating expenses $120,000
Fixed expenses $60,000

Required:
Using the contribution margin format, operating income is:_______

Answers

Answer:

500$0000$0000

Explanation:

g Oriole Company uses the direct method in determining net cash provided by operating activities. The income statement shows income tax expense $85300. Income taxes payable were $34000 at the beginning of the year and $20500 at the end of the year. Cash payments for income taxes are

Answers

Answer:

the cash payment for the income tax is $71,800

Explanation:

The computation of the cash payment for the income tax is shown below;

= Income tax expense + decrease in income tax payable

= $85,300 + ($20,500 - $34,000)

= $85,300 + $20,500 - $34,000

= $71,800

Hence, the cash payment for the income tax is $71,800

The same is to be considered

At the end of December 2013, Rosenfeld Co. had $10,000 of Deferred Tax Assets related to its Allowance for Doubtful Accounts. In response to low public approval ratings (and after a particularly boisterous holiday party), the US Congress passed a law to reduce the Federal Statutory Tax Rate from 35% to 20% on December 31, 2013. As a US company, Rosenfeld had to immediately adjust the balance of its DTAs based on the new law. Which of the following items would be decreased by the entry to adjust the balance in Deferred Tax Assets?
a. Income Tax Payable.b. Income Tax Expense.c. Net Income.d. Deferred Tax Assets.e. Cash from Operating Activities.

Answers

Answer:

Rosenfeld Co.

The item decreased by the entry to adjust the balance in Deferred Tax Assets is:

d. Deferred Tax Assets.

Explanation:

Deferred Tax Assets on December 31 = $10,000

Federal Statutory Tax Rate = 35%

New Federal Statutory Tax Rate = 20%

The balance in the Deferred Tax Assets  will be reduced to $5,714 ($10,000/35% * 20%)

This means that the Deferred tax assets will be decreased by $4,286 while the net income will be increased by $4,286.

Vaughn’s standard quantities for 1 unit of product include 5 pounds of materials and 1.0 labor hours. The standard rates are $4 per pound and $5 per hour. The standard overhead rate is $6 per direct labor hour. The total standard cost of Vaughn’s product is $31.00. $25.00. $15.00. $11.00.

Answers

Answer:

$31.00

Explanation:

Calculation to determine what The total standard cost of Vaughn's product is

Using this formula

Total standard cost of product=(Material Standard rate per pound × pounds of material) + (Labor standard rate per hour × labor hours) + (Standard overhead rate x labor hours)

Let plug in the formula

Total standard cost of product=[($4 × 5) + ($5 × 1.0)]+ ($6 × 1.0)

Total standard cost of product=($20+$5)+$6

Total standard cost of product= $25.00 +$6

Total standard cost of product= $31.00

Therefore The total standard cost of Vaughn's product is $31.00

a. State the total monthly budgeted cost formula. b. Prepare a budget report for August using flexible budget data. Why does this report provide a better basis for evaluating performance than the report based on static budget data

Answers

Question Completion:  

Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling

Department is as follows.          

Ratchet Company    

Budget Report    

Assembling Department    

For the Month Ended August 31, 2017    

           Difference    

           Favorable F    

Manufacturing Cost Budget     Actual          Unfavorable U    

Variable costs          

  Direct materials  $48,000  $47,000          $1,000 F    

  Direct labor           54,000    51,200           2,800 F    

  Indirect materials   24,000   24,200              200     U    

  Indirect labor    18,000    17,500              500 F    

  Utilities             15,000   14,900              100 F    

  Maintenance    12,000   12,400             400 U    

    Total variable   171,000        167,200          3,800 F    

Fixed costs          

  Rent            12,000  12,000                 0    

  Supervision           17,000  17,000                 0    

  Depreciation    6,000   6,000                 0    

    Total fixed         35,000        35,000                 0    

Total costs   $ 206,000  $ 202,200       $3,800 F    

The monthly budget amounts in the report were based on an expected production of 60,000 units per month or 720,000 units per year. The Assembling Department manager is pleased with the report and expects a raise,  or at least praise for a job well done. The company president, however, is unhappy with the results for August  because only 58,000 units were produced.        

Instructions            

(a) State the total monthly budgeted cost formula.        

(b) Prepare a budget report for August using flexible budget data. Why does this report provide a better basis for evaluating performance than the report based on static budget data?

Answer:

Ratchet Company

a. The total monthly budget cost formula is:

= $35,000 + $2.85x

where x = budgeted monthly units

b. Flexible Budget for August:

Ratchet Company    

Budget Report    

Assembling Department    

For the Month Ended August 31, 2017    

           Difference    

           Favorable F    

Manufacturing Cost Flexible     Actual          Unfavorable U    

Variable costs          

  Direct materials  $46,400    $47,000            $600 U    

  Direct labor           52,200    51,200            1,000 F    

  Indirect materials   23,200   24,200            1,000     U    

  Indirect labor    17,400    17,500               100 U    

  Utilities            14,500   14,900              400 U    

  Maintenance    11,600   12,400                       800 U    

    Total variable        165,300        167,200           1,900 U    

Fixed costs          

  Rent            12,000  12,000                 0    

  Supervision           17,000  17,000                 0    

  Depreciation    6,000   6,000                 0    

    Total fixed         35,000        35,000                 0    

Total costs    $200,300  $ 202,200       $1,900 U

c. A flexible budget report provides a better basis for evaluating the Assembly Department's performance as it uses the same activity level as the actual results with which the budget is compared.

Explanation:

a) Data and Calculations:

Flexing the variable costs:

Direct materials = $46,400 ($48,000/60,000 * 58,000)

Direct labor         52,200 (54,000/60,000 * 58,000)

Indirect materials  23,200 (24,000/60,000 * 58,000)

Indirect labor   17,400 (18,000/60,000 * 58,000)

Utilities   14,500 (15,000/60,000 * 58,000)

Maintenance  11,600 (12,000/60,000 * 58,000)

Which of the following statements are TRUE? A firm's entry/exit decision is about: I. whether profits are positive or negative now. II. whether the stream of future profits is positive or negative. III. government regulations.

Answers

Answer: Whether profits are positive or negative now

II. Whether the stream of future profits is positive or negative

Explanation:

It should be noted that In a perfectly competitive industry in the long​ run, there'll be new firms that will enter the market when the already existing firms are making profit.

In the case of a loss, there'll be an exit. Therefore, the true is that a firm's entry or exit decision is about whether profits are positive or negative now and also whether the stream of future profits is positive or negative.

Therefore, the correct option is and II

Additional information about the company follows: Hubs require $24 in direct materials per unit, and Sprockets require $17. The direct labor wage rate is $14 per hour. Hubs require special equipment and are more complex to manufacture than Sprockets. The ABC system has the following activity cost pools: Estimated Activity Activity Cost Pool (Activity Measure) Overhead Cost Hubs Sprockets Total Machine setups (number of setups) $ 27,000 125 100 225 Special processing (machine-hours) $ 258,000 4,300 0 4,300 General factory (organization-sustaining) $ 124,800 NA NA NA Required: 1. Compute the activity rate for each activity cost pool. 2. Determine the unit product cost of each product according to the ABC system.

Answers

Question Completion:

Fogerty Company makes two products, titanium Hubs and Sprockets. Data regarding the two products follow:

                                    Direct Labor     Production

                                 hours per unit          Units

Hubs                                  0.7                 27,000

Sprockets                          0.3                59,000

 Answer:

Fogerty Company

The unit product cost of each product according to the ABC system:

                                           Hubs      Sprockets

Unit production cost       $46.22         $22.46

Explanation:

a) Data and Calculations:

                                          Hubs  Sprockets

Direct materials per unit    $24      $17

Direct labor rate per hour  $14       $14

Direct labor per unit           $9.80   $4.20 ($14 *0.3)

Estimated Activity  Activity Cost Pool Overhead     Hubs  Sprockets  Total

                              (Activity Measure)      Cost

Machine setups (number of setups)    $ 27,000       125         100       225

Special processing (machine-hours) $ 258,000   4,300             0    4,300

General factory (organization-sustaining) $ 124,800 NA          NA        NA

Total overhead expenses                   $409,800

Activity rate:

Machine setups = $120 ($27,000/225)

Special processing = $60 ($258,000/4,300)

General factory = $62,400 ($124,800/2)

2. The unit product cost of each product according to the ABC:

Overhead costs:

                                    Hubs      Sprockets    Total

Machine setups       $15,000      $12,000       $27,000

Special processing 258,000                  0      258,000

General factory         62,400        62,400       124,800

Total overhead     $335,400      $74,400    $409,800

Units produced         27,000        59,000        86,000

Overhead per unit    $12.42            $1.26

                                            Hubs      Sprockets

Direct materials per unit  $24.00          $17.00

Direct labor per unit           $9.80           $4.20

Overhead cost per unit    $12.42            $1.26

Unit production cost       $46.22         $22.46

The equilibrium price is: unstable because at this price the quantity demanded is less than the quantity supplied. stable because at this price the quantity demanded equals the quantity supplied. stable because at this price all buyers are willing and able to pay. unstable because at this price the quantity demanded exceeds the quantity supplied.

Answers

Answer:

stable because at this price the quantity demanded equals the quantity supplied.

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services. Thus, it refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

Generally, the equilibrium price is generally said to be stable because at this price, the quantity of goods or services demanded is equal to the quantity of goods or services supplied to the consumers.

A company recorded 2 days of accrued salaries of $1,500 for its employees on January 31. On February 9, it paid its employees $7,200 for these accrued salaries and for other salaries earned through February 9. Assuming the company does not prepare reversing entries, the January 31 and February 9 journal entries are:

Answers

Answer:

Journal Entries are:

January 31:

Debit Salaries Expense $1,500

Credit Salaries Payable $1,500

To accrue salary expense for 2 days.

February 9:

Debit Salaries Expense $5,700

Debit Salaries Payable $1,500

Credit Cash $7,200

To record the payment of salaries expense, including salaries payable.

Explanation:

a) Data and Analysis:

January 31: Salaries Expense $1,500 Salaries Payable $1,500

February 9: Salaries Expense $5,700 Salaries Payable $1,500 Cash $7,200

A fast-food restaurant buys hamburger buns from a national bakery supplier. The daily usage of buns at the restaurant is normally distributed with an average of 160 and standard deviation of 10. It takes 4 days for the supplier to deliver. The purchasing agent at the restaurant has established a 99.7% service level.
a) The Safety Stock and Reorder Point for the restaurant (in whole numbers). A fast-food restaurant buys hamburger buns from a local bakery. To estimate its costs, the restaurant assumes now those buns are used at the constant rate of 100 per day and are purchased at $0.025 per bun. It costs $1 for each order placed and the annual inventory holding cost per unit is 25% of the unit purchase cost.
b) How much should be ordered each time to minimize the restaurant’s total annual costs?c) And what is the length of order cycles (i.e. time between orders) in days? Assume the restaurant operates 360 days per year.

Answers

Answer:

Thus, from the calculations below;

The safety stock = 55

The reorder point = 695

quantity required to be ordered in order to reduce and minimize total annual cost for the restaurant = 3394 buns

The order cycles length = 34 days

Explanation:

From the given information:

The average demand (d) = 160

The standard deviatiion [tex]\sigma_d[/tex] = 10

Lead time = 4 days

Service level = 99.7% = 0.997

From the Standard Normal Curve; the z value at 99.7% = 2.75

The annual demand (D) = 36000

Ordering cost = $1

Unit purchased Cost = $0.025

The holding cost for the annual inventory = 25% of 0.025 = 0.00625

The reorder point can be determined by using the formula:

[tex]= \bar d \times Lead \ time +z\times \sigma_d \times \sqrt{LT}[/tex]

[tex]\mathbf{ = 160\ \times4+2.75 \times10 \times\sqrt{4}}[/tex]

= 695

The safety stock SS = [tex]z \times \sigma_d \times \sqrt{LT}[/tex]

[tex]= 2.75 \times 10 \times \sqrt{4}[/tex]

= 55

The economic order quality = [tex]\sqrt{2 \times D \times \dfrac{ordering \ cost }{annua l\ holding \ cost}}[/tex]

[tex]= \sqrt{2 \times 36000 \times \dfrac{1 }{0.00625}}[/tex]

=3394.11

The order cycle length = [tex]\dfrac{EOQ}{D}\times 360[/tex]

[tex]= \dfrac{3394.11}{36000}\times 360[/tex]

= 33.94

≅ 34 days

The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation:

Cash and cash equivalents $5,600
Accounts receivable (net) 26,000
Inventory 66,000
Property, plant, and equipment (net) 150,000
Accounts payable 45,000
Salaries payable 17,000
Paid-in capital 130,000

The only asset not listed is short-term investments. The only liabilities not listed are $36,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is 1.6:1.

Required:
Determine the following at December 31, 2021:

Total current assets
Short-term investments
Retained earnings

Answers

Answer and Explanation:

The computation is shown below:

1)

Total current assets of $100,800

2)

Short term investments = Total current assets - Cash and cash equivalents - Accounts receivable - Inventory

= $100,800 - $5,600 - $26,000 - $66,000

= $3,200

3)

Retained earnings = Property plant and equipment + Total current assets - Total liabilities - Paid in capital

where,

Total liabilities = Accounts payable + Salaries payable + Accrued interest + Notes payable

= $45,000 + $17,000 + $1,000 + $36,000

= $99,000

SO,

Retained earnings = $150,000 + $100,800 - $99,000 - $130,000

= $21,800

A potential complication for successful price discrimination is a. multiple demand elasticities among consumers. b. the presence of a price maker in a market full of price takers. c. a product or service for which consumers value differently. d. other industry firms also practicing price discrimination. e. the potential for consumers to resell a product or service.

Answers

Answer: e. the potential for consumers to resell a product or service

Explanation:

Price discrimination refers to a practice by a producer/seller where they sell the same goods at different prices to different markets in order to make more profit.

Problems can arise if customers begin to resell these goods because some customers could buy it from markets where the producer charges less and sell it in markets where the producer charges more which would allow them to make profit at the producer's expense because they would be competing with the producer with the producer's own goods.

There are two jobs to be assigned to two workers. The cost for worker A on job 1 is $5 and on job 2 is $8. The cost for worker B on job 1 is $10 and on job 2 is $12. How should the work be divided using the assignment method and what is the total cost

Answers

Answer:

To minimize costs, Job 1 should be assigned to Worker A while Job 2 is assigned to Worker B and the total cost will be $17.

Explanation:

a) Data and Calculations:

                          Worker A       Worker B

Cost of Job 1          $5                  $10

Cost of Job 2         $8                  $12

Job assignments 1:

                                    Worker A       Worker B   Total Cost

If Job 1 is assigned to        $5                                   $5

Then Job 2 is assigned to                     $12              12

Total cost of jobs               $5                $12            $17

Job assignments 2:

                                    Worker A       Worker B   Total Cost

If Job 1 is assigned to                            $10            $10

Then Job 2 is assigned to $8                                    8

Total cost of jobs               $8               $10            $18

Job assignment 1 should be adopted to minimize cost by $1.

If a bank holds $450,000 in required reserves, and $1.8 million in total deposits, then the deposit expansion multiplier is:______.
a. 0.25
b. 2
c. 4
d. 5
e. 10

Answers

Answer:

4

Explanation:

A bank holds 450,000 in required reserves

The bank also hold 1,800,000 in total deposits

Therefore the deposits expansion multiplier can be calculated as follows

= 1,800,000/450,000

= 4

Hence the deposits expansion multiplier is 4

On 6/30/12, a company paid $106,000 to retire a bond before maturity. The company recorded a $6,000 loss as part of the transaction. Which of the following must be true regarding this transaction?

a. The face value of the bond was $100,000
b. The market interest rate had increased since the bond was issued
c. The face value of the bond was $106,000
d. The company paid more than the current fair value of the bond to retire it.
e. The market interest rate had decreased since the bond was issued

Answers

Answer:

a. The face value of the bond was $100,000

Explanation:

Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts Payable, Common Stock, Retained Earnings, Dividends, Fees Earned, Rent Expense, Advertising Expense, Utilities Expense, Miscellaneous Expense. Journalize the following selected transactions for October 20Y2 in a two-column journal. Journal entry explanations may be omitted. If an amount box does not require an entry, leave it blank.
Oct. 1. Paid rent for the month, $5,700.
3. Paid advertising expense, $3,610.
5. Paid cash for supplies, $1,550.
6. Purchased office equipment on account, $23,700.
12. Received cash from customers on account, $7,740.
20. Paid creditor on account, $2,270.
27. Paid cash for miscellaneous expenses, $980.
30. Paid telephone bill for the month, $360.
31. Fees earned and billed to customers for the month, $51,600.
31. Paid electricity bill for the month, $620.
31. Paid dividends, $3,900.

Answers

Answer:

would you still like me to help you with this question

The initial value of your 401k savings plan is $35,000. The value your 401k savings plan at a later point in time is $44,500. The percent change in the value of your 401k plan over the period is

Answers

Answer: 27.14%

Explanation:

Percent change in value of 401k = (Ending value - Initial value) / Initial value * 100%

= (44,500 - 35,000) / 35,000 * 100%

= 9,500 / 35,000 * 100%

= 27.14%

Assume the following sales data for a company: 2018 $980,000 2017 875,000 2016 700,000 If you are conducting a horizontal analysis and using 2016 as the base year, what is the percentage increase in sales from 2016 to 2017

Answers

Answer:

25%

Explanation:

The percentage increase in sales from 2016 to 2017:

= Increase in sales / Base year * 100

= (875,000-700,000) / 700,000 * 100

= $175,000/700,000 *100

= 0.25 * 100

= 25%

Account verification accounts 5,000 accounts 3,000 accounts Correspondence letters 1,000 letters 1,400 letters How much of the account billing cost will be assigned to Department B

Answers

Answer:

$24,750

Explanation:

The computation of the account billing cost assigned to department B is shown below;

Computation of the activity rate of account billing cost pool

Activity rate = Account billing cost ÷ Expected account billing lines

= $220,000 ÷ 4,000,000

= $0.055 per line

Now Calculation for account billing cost assigned to department B is  

Cost assigned = Activity rate × Activity of Department B

= $0.055 × 450,000

= $24,750

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