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3 advantages and disadvantages of using Bin cards
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Advantages of Bin Cards :
(i) There would be less chances of mistakes being made as entries will be made at the same time as goods are received or issued by the person actually handling the materials.
(ii) Control over stock can be more effective, in as much as comparison of the actual quantity in hand at any time with the book balance is possible.
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(iii) Identification of the different items of materials is facilitated by reference to the Bin Card the bin or storage receptacle.
Disadvantages of Bin Cards :
(i) Store records are dispersed over a wide area.
(ii) The cards are liable to be smeared with dirt and grease because of proximity to material and also because of handling materials.
ADVERTISEMENTS:
(iii) People handling materials are not ordinarily suitable for the clerical work involved in writing Bin Cards.
please make my answer as a brainlist answer
A company uses the weighted average method for inventory costing . At the beginning of a period the production department had units in beginning Work in Process inventory which were 33 % complete the department completed and transferred 168,000 units . At the end of the period units were in the ending Work in Process inventory and are 68 % complete . Compute the number of equivalent units produced by the department .
Answer
a. 178,200 units
Explanation:
Comple question "A company uses the weighted average method for inventory costing. During a period, a production department had 54,000 units in beginning goods in process inventory which were 33% complete; the department completed and transferred 168,000 units. At the end of the period, 15,000 units were in the ending goods in process inventory and are 68% complete. Compute the number of equivalent units produced by the department. 178,200. 186,320. 183,000. 168,000. 114,000."
Calculation of Equivalent Unit (as per Weighted Method)
Unit % of Completion Equ. Unit
Unit Completed & Transferred Out 168,000 100% 168,000
Closing WIP 15,000 68% 10,200
Total Equivalent Unit 178,200
To an economist, money is a synonym for which of the following? Question 10 options: income credit wealth salary none of the above
Answer:
None of the above
Explanation:
To an economist, money has the following characteristics
1. It is a means of exchange
2. It is regarded as a unit of account
3. Money can also be defined as a store of value.
Therefore to an economist, money is not synonymous with income, wealth, credit and salary.
So the last option answers the question.
did juror 8 act as an objective force in the decision making process
Explanation:
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Vacation Inns of America (VIA) has recently announced intentions to build a new hotel/resort complex in Myrtle Beach, South Carolina. Assume that the hotel/resort market in Myrtle Beach is characterized by monopolistic competition. As a result of the new VIA hotel/resort, tourists who stay in Myrtle Beach are likely to experience a :__________
a. a product-variety externality, which harms consumers.
b. product-variety externality, which benefits consumers.
c. business-stealing externality, which harms consumers.
d. business-stealing externality, which benefits consumers.
Answer:
b
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero
If firms are earning negative economic profit, in the long run, firms leave the industry. This drives economic profit to zero
in the long run, only normal profit is earned
The product-variety externality: When new firms enter into an industry, competition drives price down. This increases consumer surplus. As a result, entry of firms into an industry results in a positive externality on consumers.
The business-stealing externality: When a new firm enters into an industry, existing firms lose customers and profits fall. As a result, entry of a new firm results in a negative externality on existing firms.
A municipal bond yields 6.75%. A corporate bond on comparable credit quality and maturity yields 9.0%. At what marginal tax rate would an investor be indifferent between the two bonds
Answer:
Marginal tax = 25%
Explanation:
To be indifferent between the bonds then return from both types of bond should be same. The municipal bond yields are tax free so tax can be imposed on the corporate bonds.
Thus, the (9 - 6.75) / 9 = 0.25 or 25%
So, a marginal tax of 25% should be imposed in order to be indifferent between the bonds.
Upper Darby Park Department is considering a new capital investment. The following information is available on the investment. The cost of the machine will be $150,000. The annual cost savings if the new machine is acquired will be $40,000. The machine will have a 5-year life, at which time the terminal disposal value is expected to be $20,000. Upper Darby Park Department is assuming no tax consequences. If Upper Darby Park Department has a cost of capital of 10%, which of the following is closest to the net present value of the project?
a. $1,632
b. $12,418
C. $14,060
d. $150,000
Answer:
c.$14,060
Explanation:
I hope my answer is correct
Define organizational structures? And explain types of organizational structures?
Answer:
Four main types of structures of the organization are:
Functional Divisional Matrix FlatExplanation:
Functional StructureThis structure consists of employees performing similar tasks or specialties. For example, in the finance department, accountants are grouped and the same applies to marketing departments, operations, and human resources. This structure enables swift decision-making because the group members have similar skills, can communicate easily, and can also improve their ability by learning from each other.
Divisional StructureThis structure groups employees according to the products or projects that meet customer requirements of a certain type. For instance, a catering services restaurant could organize the employees by departments, e.g. weddings or wholesale retail departments, according to which they serve. Employees are split so that their performance is maximized.
Flat StructureThe traditional top-down management system is impeded by a flat organizational structure. There is no concept of the boss, every employee is the boss, which removes bureaucracy and improves direct contact. For example, an employee with an innovative idea or suggestion need not contact every level of senior management to give the person responsible for the idea. The staff can directly communicate on an individual basis.
Matrix StructureA matrix structure has a complex story true as it combines elements from both the functional and the divisional models. It first divides employees according to their specialization, then further separates them into departments according to projects and products. To make this structure a lot of planning and efforts are required but one e achieved increases the productivity of the team, promotes innovation and creativity, and good decision making.
Using an order of magnitude analysis, estimate the total textbook expenditures incurred by all engineering majors at National University per year
Answer:
The total textbook expenditure would amount to $175,000 per year
Explanation:
National University is providing text books free of cost to all the engineering students to encourage professional studies. Very few students are pursuing engineering studies. For this purpose university management has decided to give free of cost books to students who select engineering majors. The total expenditure would be:
Cost of Printing Books $110,000
Transportation of the Books to different Campuses $25,000
Distribution Campaign Expense $40,000
Total expenditure amounts to $175,000
Jeff is a member of Go Big Red, LLC. Jeff decides he does not like the color red, preferring instead the colors black and gold. Jeff leaves the LLC for that reason. Upon dissociation all of the following apply to Jeff except:________.
a. duty of loyalty immediately ceases in all regards.
b. loses the right to manage the LLC.
c. right to have his interests to be bought out.
d. duty of care immediately ceases in all regards.
Answer:
Option "D" is correct.
Explanation:
Option "D" is correct because When a person or member dissociates then the person loses the right to manage, losses the right to act, ceases from their duty of loyalty, ceases from the duty of care immediately if any event occurs after dissociation and the member has the right to find their interest. Therefore, from the given options it can be seen that the duty of care remains intact when only to that event that had occurred before the dissociation.
Pick the correct statement related to pro forma statements from below. Multiple Choice Fixed assets must increase if sales are projected to increase. Net working capital is affected only when a firm's sales are expected to exceed the firm's current production capacity. The addition to retained earnings is equal to net income less cash dividends. Long-term debt varies directly with sales when a firm is currently operating at maximum capacity.
Answer:
The correct statement related to the pro forma statements is:
The addition to retained earnings is equal to net income less cash dividends.
Explanation:
When the beginning retained earnings are increased by the addition to retained earnings, it means that the cash dividends have been subtracted from the net income. This addition is the leftover net income after offsetting the dividends. It increases the retained earnings by the end of the financial period.
Monopoly in the competitive environment a. is enjoyed by few organizations as sole suppliers of a good or service. b. is typical of public utilities -- even more so now than twenty years ago. c. cannot be achieved temporarily even through the use of patents and similar legal devices. d. is the logical extension of a firm's control of its production and labor resources. e. is, all in all, the most common type of competition in the U.S. market.
Answer:
b
Explanation:
and services.
An example of a monopoly is a utility company
A natural monopoly occurs due to the high start-up costs or a large economies of scale.
Natural monopolies are usually the only company providing a service in a particular region
Because the demand curve for a monopoly is downward sloping, marginal revenue is less than price. As prices fall, more units of the product are bought.
In a monopoly When the average cost is falling, the marginal cost lies below the average cost. If the government sets price to be equal to marginal cost, which lies below the average cost, the monopoly would incur losses.
Auerbach Inc. issued 4% bonds on October 1, 2021. The bonds have a maturity date of September 30, 2031 and a face value of $425 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2022. The effective interest rate established by the market was 6%. Assuming that Auerbach issued the bonds for $361,772,495, what interest expense would it recognize in its 2021 income statement
Answer:
The answer is "[tex]360595900[/tex]".
Explanation:
Interest expense for 3 months till December 31, 2021 [tex]= \$361,772,495 \times 6\% \times \frac{3}{12}= 5,426,587.43[/tex]
Less: Interest payable for 3 months till December 31, 2021
[tex]=\$425000000\times 4\% \times \frac{3}{12}= 4,250,000[/tex]
Discount amortized till December 31, 2021: [tex]1176587.43[/tex]
The issue price for Bonds [tex]\$361,772,495[/tex]
Add: Discount amortized till December 31, 2021 [tex]1176587.43[/tex]
Net bond liability balance at December 31, 2021 [tex]360595907.57[/tex]
360595900 (rounded off)
On January 1, 2019, XYZ Co. issued 2-year bonds with a face value of $10,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield (Market Int.) 8%, at a selling price of $10,363. The interest expense recognized for the year 2019 is
Answer:
Your answer is given below:
Explanation:
When bond is issued on yield to market at price of $10,179, interest is charged on outstanding amount of $10,179 of 9%.
So interest charged on June 30 is 9% for 6 months on $10,179
Interest expense=$10,179*9%*6/12
Interest expense for 6 months =$458
Cash paid for interest is however at stated interest rate of 10% on $10,000 for 6 months=$10,000*10%*6/12
Cash paid=$500
Difference of interest paid and interest expense is debited to bonds payable balance so bonds payable balance outstanding is reduced.
Bonds payable outstanding reduced=$500-$458
=$42
Bonds payable outstanding balance as on june 30=$10,179-$42
=$10,137
Now interest for last 6 months in 2019 is charged on $10,137 at 9%
Interest expense from June 30 to December 31=$10,137*9%*6/12
Interest expense=$456
Total interest expense for 2019=$456+458
=$914
So,total interest expense charged for 2019=$914
Pronghorn Company has the following account balances: Sales Revenue $233,600, Sales Discounts $3,400, Cost of Goods Sold $1114,800, and inventory $43,400.
Answer:
i can't make an answer for you, but i can ask if my rephrasing of the question makes sense.
Explanation:
Cost of Goods sold is 1,113,800 $
How would you array the following organizations in terms of the depth and breadth of their product lines?
a. a solo-practice family practitioner who does not deliver babies.
b. a multispecialty group practice that provides primary care at five satellite locations.
c. an academic medical center
d. Shouldice Hospital in Toronto, which specializes in short-stay surgery for hernia repair.
Answer:
a. The depth of a solo practice family practitioner is narrow whereas its breadth can be wide.
b. They have wide depth and breadth.
c. It has narrow depth and breadth.
d. They have narrow depth and narrow breadth.
Explanation:
Depth means number of variants of each product. Breadth means variety of different products offered.
A solo practice family practitioner has limited its practice and decided not to deliver babies. It has narrow breadth whereas depth is high as it can offer counselling service, immediate help to the patient, family planning guidance and so on.
Multi specialty group has wide depth and breadth as it offers group practice at different locations.
An academic medical center will have narrow depth and breadth as there is only medical studies available to the students and they do not have variety of subjects to choose from.
Shouldice Hospital has narrow depth and breadth as it offers only short stay surgeries. They include hernia repair and appendix. Patients with majors surgeries are not welcomed here.
Jane Smith, MD, has had a great year in her pediatrics practice and has cash that she wants to invest. Her financial adviser suggests she buy a seven-year, $1,500 par value bond with an annual coupon rate of 10 percent and three years remaining to maturity. Dr. Smith decides to explore her options. She discovers that new, similarly risky bonds have an average annual rate of return of 12 percent. Bank certificates of deposit are returning 5 percent annually on average while a mutual fund investing in high-risk-growth stocks has an average annual rate of return of 20 percent. If Dr. Smith follows her financial adviser’s advice, what is the maximum amount she should pay for the bond? Explain your answer
Answer: $1427.95
Explanation:
If Dr. Smith follows her financial adviser’s advice, the maximum amount that she should pay for the bond will be calculated thus:
This question can be solved using Excel.
Face value = $1500
Coupon rate = 10%
Years left = 3
Coupon = 10% × $1500 = $150
Yield to maturity = 12%
The bond price will be:
= PV(12%,3,-150,-1500)
= PV(0.12,3,-150,-1500)
= 1427.95
The bond price is $1427.95
What can you do with a Business administration/management degree?
Firm K is planning on merging with Firm L. Firm K currently has 5,500 shares of stock outstanding at a market price of $28 a share. Firm L has 500 shares outstanding at a price of $16 a share. The merger will create $600 of synergy. Firm K plans to offer a sufficient number of its shares to acquire Firm L at an acquisition cost of $8,200. How many total shares will be outstanding in the merged firm
Answer:
5,792 shares
Explanation:
Value of share of K = $28
Increase in value of share due to synergy = $600 / 5,500 shares
Increase in value of share due to synergy = $0.11
New share value = $28 + $0.11
New share value = $28.11
Number of shares to be issued = $8,200 / $28.11
Number of shares to be issued = 291.71
New shares of Firm K = 5,500 shares + 291.71 shares
New shares of Firm K = 5791.71 shares
New shares of Firm K = 5,792 shares
An investor considers investing $20,000 in the stock market. He believes that the probability is 0.29 that the economy will improve, 0.35 that it will stay the same, and 0.36 that it will deteriorate. Further, if the economy improves, he expects his investment to grow to $26,000, but it can also go down to $14,000 if the economy deteriorates. If the economy stays the same, his investment will stay at $20,000
a. What is the expected value of his investment? Expected value
b. What should the investor do if he is risk neutral? Investor invest the $20,000
c. Is the decision clear-cut if he is risk averse?
No
Yes
Answer: See explanation
Explanation:
a. What is the expected value of his investment?
Based on the information given, this will be:
= (0.29 x $26000) + (0.35 x $20000) + (0.36 x $14000)
= $7540 + $7000 + $5040
= $19580
b. What should the investor do if he is risk neutral?
If the investor is risk neutral, then he should invest $20000.
c. Is the decision clear-cut if he is risk averse?
If the investor is risk averse, then it should be noted that he should not invest $20000 since the expected value of the investment will be lesser than its investment. In this case, the decision isn't clear cut if he's risk averse.
The amount of the estimated average income for a proposed investment of $73,000 in a fixed asset, giving effect to depreciation (straight-line method), with a useful life of four years, no residual value, and an expected total income yield of $30,300, is a.$6,200 b.$30,300 c.$7,575 d.$18,250
Answer: $7,575
Explanation:
Based on the information given in the question, the amount of the estimated average income for a proposed investment will be calculated as:
= Expected total income yield / Number of years
= $30300/4
= $7,575
Therefore, the amount of the estimated average income for the proposed investment is $7575.
Which of the following items is a major principle pertaining to selection under the Americans with Disabilities Act?
A) It is unlawful to use criteria that will screen out individuals with disabilities unless the criteria are consistent with a business necessity.
B) It is unlawful to screen out individuals with disabilities for any reason.
C) It is always unlawful for employers to require employees to physical agility tests in a selection context.
D) The employer can retain the right to refuse to hire individuals with disabilities if customers have a strong preference for not encountering disabled staff.
Answer:
A) It is unlawful to use criteria that will screen out individuals with disabilities unless the criteria are consistent with a business necessity.
Explanation:
The Americans with Disabilities Act became a law in the year 1990 in the United States of America. It is a [tex]$\text{civil rights law}$[/tex] which prohibits and prevents any discrimination against a person with disability in any sphere, i.e. in school educations, employment and all the places that are opened for the general public.
It states that it is illegal to use the criteria which will screen out the individuals with any disabilities except the criteria are consistent with business necessity.
The Foster Insurance Company developed standard times for processing claims. When a claim was received at the processing center, it was first reviewed and classified as simple or complex. The standard time for processing was:
simple claim - 36 mins
complex claim - 1.25 hrs
Employees were expected to be productive 7.5 hrs per day. Compensation costs were $135 per day per employee. During July, which had 20 working days, the following number of claims were processed:
simple claims - 3,000 processed
complex claims - 960 processed
REQUIRED
a. Calculate the number of workers that should have been available to process July claims.
b. Assume that 23 workers were actually available throughout the month of july. calculate a labor efficiency variance expressed as both a number of workers and a dollar amount for the month.
Answer:
Time Needed In Minutes
Simple Claim 36
Complex Claims 75 (1.25 hour*60 Min)
Productive hours = 7.5 hrs. (In Minutes)
= 7.5 hours*60 min
= 450 minutes
Number of Working days = 20. Total Number of Productive Minutes in Month per person = 20 days * 450 minutes = 9000 minutes
Total Claims Processed Time Needed Total Time
Simple Claim 3000 36 108000
Complex Claims 960 75 72000
Total 180000
a. Number of Workers needed = Total Time Needed / Productive time put by single worker = 180,000 / 9000 = 20 workers
b. Number of Workers 23
Standard 20
Variance, Number of Workers = 23 - 20
Variance, Number of Workers = 3
Variance, Dollar Amount = Number of Workers * $135 * 20 days
Variance, Dollar Amount = $8,100
Alex managers a team of several professional. He is cognizant that he needs to be aware of how stress might present in his workforce. Alex should be on the lookout for...A. employees that take a new job.B. employees who decline their health care benefits.C. employees who get sick a handful of times each year.D. employees who are paid less than their peers.E. employees that experience headaches, back discomfort, and migraines.
Answer:
The correct answer is E.
Explanation:
The correct option is E.
Alex should be wary of employees that experience headaches, back discomfort, and migraines or even depressed people.
Stress makes us respond to pressure be it physical or emotional one. Stress at home or workplace can increase ones blood pressure.
So potential employees or current ones that have headache, migraine or back discomfort are susceptible to stress.
In the last few decades the car manufacturing sector has found it difficult to compete with foreign car imports. High labor costs is one of the main reasons economist site as the lack of competitiveness for the car manufacturing industry. If there was modest inflation, how could it possibly help the car manufacturing industry in the United States compete with foreign car manufacturers?
a. The consumers of the cars have increased purchasing power.
b. Business loans would cost less for the U.S. car manufacturers.
c. It could allow real wages to downwardly adjust more easily.
Answer: c. It could allow real wages to downwardly adjust more easily.
Explanation:
When there is modest inflation, companies in the car manufacturing industry can simply decide not to increase nominal wages. This would lead to a fall in real wages as inflation would ensure that the nominal wages are less than they were worth before.
This decrease in real wages will allow the companies in the industry to reduce labor costs in real terms and become more competitive with the foreign manufacturers.
On January 14, Whispering Winds Corp. purchased supplies of $460 on account. The entry to record the purchase will include
Answer:
Debit : Supplies $460
Credit : Accounts Payable $460
Explanation:
The entry to record the purchase of supplies will include a Debit to Asset Account - Supplies and a Credit to Liability Account - Accounts Payable at value of $460.
Compare two loans:Loan 1: $175,000; 8% annual (monthly payments); 30 years.Loan 2: $175,000; 7% annual (monthly payments); 15 years.If you pay an additional $250 per month in additional principle on Loan 1 ONLY, which loan pays off sooner
Answer:
Following are the responses to the given question:
Explanation:
For the First loan payment period is value:
[tex]\to NPER(\frac{8\%}{12},-250-PMT(\frac{8\%}{12},12\times 30,-175000),175000)=215\ months[/tex]
For the second loan payment period is value:
[tex]\to 15\times 12=180 \ months[/tex]
that's why the loan will be paid off soon.
Supernormal Growth Rizzi Co. is growing quickly. Dividends are expected to grow at a 25 percent rate for the next three years, with the growth rate falling off to a constant 7 percent thereafter. If the required return is 13 percent and the company just paid a $3.10 dividend, what is the current share price?
Answer:
$86.13
Explanation:
The computation of the current share price is shown below:
Given that
Dividend just Paid (D0) is $3.10
and Required Return (R ) 13%
Now
Dividend Paid in 1st year = $3.10 (1.25) = $3.875
Dividend Paid in 2ndyear = $3.875 (1.25) = $4.844
Dividend Paid in3rd year = $4.844 (1.25) = $6.055
Dividend Paid in 4th year = $6.055 (1.07) = $6.47
Now
Stock Price in 3rd year (P3) = D4 ÷ (R - g)
= $6.47 ÷ (0.13- 0.07)
= $107.83
Now the Current Share Price(P0) is
Current Share Price (P0) = $3.875 ÷ (1.13) + $4.844 ÷ (1.13)^2 + $6.055 ÷ (1.13)^3 + $107.83 ÷ (1.13)^3
= $3.42 +$3.79 + $4.19 + $74.73
= $86.13
Consider the role of management accounting in relation to the company for which you work or have worked
Answer:
The management of accounting, or accounting management is one of the main areas inside any business, because accounting is an essential part of any business since it is in charge of the recording of all the economic transactions that the business engages in.
Accouting information is also vital because it serves as a source for other areas of a business, for example, the financial department because it uses aggregate accounting information, or even the marketing department, because it looks at accounting information in order to determine commercial needs, or to understand what resources are available for carrying out marketing activities.
In 2007, former Federal Reserve Chair Alan Greenspan argued that current extremes in income inequality were
Answer: a threat to the very existence of our capitalist system
Explanation:
Income inequality refers to the uneven distribution of income in a population.
According to Alan Greenspan, the current extremes in income inequality is a threat to the very existence of our capitalist system as capitalism may bring about inequality in income.
Beyer Company is considering the purchase of an asset for $190,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Year 1 Year 2 Year 3 Year 4 Year 5 Total Net cash flows $ 50,000 $ 31,000 $ 60,000 $ 140,000 $ 30,000 $ 311,000 Compute the payback period for this investment. (Cumulative net cash outflows must be entered with a minus sign. Round your Payback Period answer to 2 decimal place.)
Answer:
3.35 years
Explanation:
Computation of the payback period for this investment
Year Cash Inflow (outflow) Cumulative Net Cash Inflow (Outflow)
0 ($ 190,000) -
1 $ 50,000 $ 50,000
2 $ 31,000 $ 81,000
3 $ 60,000 $ 141,000
4 $ 140,000 $ 281,000
5 $ 30,000 $ 311,000
Payback period= 3.35 Years
OR
Payback period = 3 years + ($190,000 - $141,000)/$140,000
Payback period= 3 years + ($49,000/$140,000)
Payback period= 3 years + 0.35
Payback period= 3.35 years
Therefore the payback period for this investment is 3.35 years