Answer:
$22,800
Explanation:
Calculation for the total amount of indirect manufacturing cost incurred
First step is to find the fixed manufacturing overhead portion
Fixed manufacturing overhead portion=$3.00 *5000 units
Fixed manufacturing overhead portion =$15,000
Second step is to calculate the indirect manufacturing cost if 6,000 units are produced using this formula
Indirect manufacturing cost =Fixed manufacturing overhead portion
+ Variable portion
Let plug in the formula
Indirect manufacturing cost=$15,000 + ($1.30*6,000 units)
Indirect manufacturing cost=$15,000+$7,800
Indirect manufacturing cost=$22,800
Therefore the total amount of indirect manufacturing cost incurred is closest to $22,800
A(n) ______ advantage is the ability of one person or nation to produce a particular good at a lower cost than another person or nation.
Steve's Outdoor Company purchased a new delivery van on January 1 for $45,000 plus $3,800 in sales tax. The company paid $12,800 cash on the van (including the sales tax), with the $36,000 balance on credit at 8 percent interest due in nine months (on September 30). On January 2, the company paid cash of $700 to have the company name and logo painted on the van. On September 30, the company paid the balance due on the van plus the interest. On December 31 (the end of the accounting period), Steve's Outdoor recorded depreciation on the van using the straight-line method with an estimated useful life of 5 years and an estimated residual value of $4,500.
Required:
a. Compute the acquisition cost of the van.
b. Compute the depreciation expense to be reported for Year 1.
Answer:
a. Compute the acquisition cost of the van.
van's basis = $45,000 (the van) + $3,800 (sales tax) + $700 (logo) = $49,500
When you purchase an asset, its basis must include the cost of the asset, any freight costs, taxes associated with the sale, any applicable insurance expense, installation costs and or any modifications necessary.
b. Compute the depreciation expense to be reported for Year 1.
depreciable value = $49,500 - $4,500 = $45,000
depreciation expense per year = $45,000 / 5 = $9,000
December 31, 202x, depreciation expense
Dr Deprecation expense 9,000
Cr Accumulated depreciation: van 9,000
a. The acquisition cost of the van is $49,500.
b. The depreciation expense to be reported for Year 1 is $9,000.
"Steve's Outdoor Company"Answer a)
The acquisition cost of the van is :
Van's basis = Van+ Sales tax + Logo
Van's basis= $45,000+ $3,800 + $700
Van's basis = $49,500
The acquisition cost of the van is $49,500.
Answer b)
The depreciation expense to be reported for Year 1 is:
Depreciable value=acquisition cost + residual value
Depreciable value = $49,500 - $4,500
Depreciable value = $45,000
Depreciation expense per year = $45,000 / 5
Depreciation expense per year = $9,000
The depreciation expense to be reported for Year 1 is $9,000.
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8. Primary data is high cost and time consuming. (1 Point) O True O False
Answer:
True
Explanation:
Primary data is the information collected for the first time by a researcher. It is precisely for a particular study. The researcher uses interviews, surveys, or experiments to collect the data. It means the researcher or his representative has to go to the field to gather the required information.
Fieldwork is time-consuming and costly. Money is needed to meet logistics expenses and the cost of data collecting techniques such as questionnaires and recording devices. The researcher may need to engage assistants who have to be paid.
You manage a staff of employees. Each employee has equally done an excellent job this year. If upper management
has allotted a bonus for your department of $30,000, what dollar bonus amount would each employee get if divided equally (round to
nearest dollar)?
The dollar bonus amount that each employee would get if divided equally is $2,500, assuming that the team is made up of 10 employees and a manager.
What is a bonus payment?A bonus payment is an extra payment that a worker receives for good work performance.
When the team of employees performs an exceptional job within a period by reaching the team goals, they may receive a bonus as determined by the employer.
Data and Calculations:Allotted bonus for department = $30,000
Manager's bonus (assumed) = $5,000
Each team member's bonus = $2,500 ($30,000 - $5,000)/10
Thus, the dollar bonus amount that each employee would get if divided equally is $2,500, assuming that the team is made up of 10 employees and a manager.
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A company is considering two alternative methods of producing a new product. The relevant data concerning the alternatives are presented below. Alternative I Alternative II Initial investment $64,000 $120,000 Annual receipts $50,000 $60,000 Annual disbursements $20,000 $12,000 Annual depreciation $16,000 $20,000 Expected life 4 years 6 years Salvage value 0 0 At the end of the useful life of whatever equipment is chosen the product will be discontinued. The company's tax rate is 50 percent and its cost of capital is 10 percent. Calculate the Cash flow paying particular attention to the cash flow impact of taxes and depreciation, Calculate the net present value of each alternative. Calculate the internal rate of return for each alternative. If the company can implement only one of the two alternatives, and there is no restriction on investment amount, which alternative should be chosen? Why?
Answer:
Cash flow>
One 15,000 per year
Two 24,000 per year
NPV>
one -16,452
two -15,474
As both options make a negative cashflow
none of them are viable considering a cost of capital of 10%
Explanation:
[tex]\left[\begin{array}{cccc}&One&Two&Differential\\$Receipts&50000&60000&10000\\$Expenses&-36000&-32000&4000\\$Before tax&14000&28000&14000\\$Tax&-7000&-14000&-7000\\$Dep tax shield&8000&10000&2000\\$Cash flow&15000&24000&9000\\\end{array}\right][/tex]
Net present value for each alternative>
First>
[tex]\left[\begin{array}{ccc}Year&cash-flow&PV\\0&-64000&-64000\\1&15000&13636\\2&15000&12397\\3&15000&11270\\4&15000&10245\\\\Total&&-16452\\\end{array}\right][/tex]
Second>
[tex]\left[\begin{array}{ccc}Year&cashflow&PV\\0&-120000&-120000\\1&24000&21818\\2&24000&19835\\3&24000&18032\\4&24000&16392\\5&24000&14902\\6&24000&13547\\Total&&-15474\\\end{array}\right][/tex]
Please try and answer my stuff
Can you go to my pfp and answer questions that haven't been answered thanks
Answer:
ya i can do that
Explanation:
Answer:
Yes, I can!
Explanation:
What would the income statement and balance sheet look like for this problem?
The following is a summary of the transactions for the year:
1. January 9 Provide storage services for cash, $137,100, and on account, $53,700.
2. February 12 Collect on accounts receivable, $51,800.
3. April 25 Receive cash in advance from customers, $13,200.
4. May 6 Purchase supplies on account, $9,800.
5. July 15 Pay property taxes, $8,800.
6. September 10 Pay on accounts payable, $11,700.
7. October 31 Pay salaries, $126,600.
8. November 20 Issue shares of common stock in exchange for $30,000 cash.
9. December 30 Pay $3,100 cash dividends to stockholders.
Insurance expired during the year is $7,300. Supplies remaining on hand at the end of the year equal $3,200. Provide services of $12,100 related to cash paid in advance by customers.
Answer:
INCOME STATEMENT
For the year ended December 31
Service Revenue $149,200
Property Taxes 8,800
Salaries Expense 126,600
Insurance Expense 7,300
Supplies Expense 6,600 $149,300
Net loss $100
Dividends 3,100
Retained Earnings ($3,200)
BALANCE SHEET
As of December 31
Assets:
Cash $81,900
Supplies 3,200
Accounts Payable 1,900
Total Assets $87,000
Liabilities + Equity:
Accts Receivable 51,800
Deferred Revenue 1,100
Insurance Payable 7,300
Total liabilities 60,200
Common Stock 30,000
Retained Earnings (3,200)
Total liabilities and
stockholders' equity $87,000
Explanation:
a) Data and Calculations:
Cash account
Date Accounts Title Debit Credit
Jan. 9 Service Revenue $137,100
Feb. 12 Accounts receivable 51,800
Apr. 25 Deferred Revenue 13,200
July 15 Property taxes $8,800
Sep. 10 Accounts Payable 11,700
Oct. 31 Salaries Expense 126,600
Nov. 20 Common Stock 30,000
Dec. 30 Dividends 3,100
Dec. 31 Balance $81,900
$232,100 $232,100
Service Revenue
Date Accounts Title Debit Credit
Jan. 9 Cash Account $137,100
Dec. 31 Deferred Revenue 12,100
Dec. 31 Income Statement $149,200
$149,200 $149,200
Accounts Receivable
Date Accounts Title Debit Credit
Feb. 12 Cash Account $51,800
Deferred Revenue
Date Accounts Title Debit Credit
Apr. 25 Cash Account $13,200
Dec. 31 Service Revenue $12,100
Dec. 31 Balance $1,100
$13,200 $1`3,200
Supplies
Date Accounts Title Debit Credit
May 6 Accounts Payable $9,800
Dec. 31 Supplies Expense $6,600
Dec. 31 Balance 3,200
$9,800 $9,800
Accounts Payable
Date Accounts Title Debit Credit
May 6 Supplies $9,800
Sep. 10 Cash Account $11,700
Dec. 31 Balance $1,900
$11,700 $11,700
Property Taxes Expense
Date Accounts Title Debit Credit
July 15 Cash Account $8,800
Salaries Expense
Date Accounts Title Debit Credit
Oct. 31 Cash $126,600
Common Stock
Date Accounts Title Debit Credit
Nov. 20 Cash Account $30,000
Dividends
Date Accounts Title Debit Credit
Dec. 30 Cash Account $3,100
Insurance Expense
Date Accounts Title Debit Credit
Dec. 31 Insurance Payable $7,300
Supplies Expense
Date Accounts Title Debit Credit
Dec. 31 Supplies Account $6,600
Insurance Payable
Date Accounts Title Debit Credit
Dec. 31 Insurance Expense $7,300
Adjusted TRIAL BALANCE
As of December 31
Accounts Title Debit Credit
Cash $81,900
Supplies 3,200
Accounts Payable 1,900
Property Taxes 8,800
Salaries Expense 126,600
Insurance Expense 7,300
Supplies Expense 6,600
Service Revenue $149,200
Accts Receivable 51,800
Deferred Revenue 1,100
Insurance Payable 7,300
Common Stock 30,000
Dividends 3,100
Total $239,400 $239,400
Example of income demand?
Answer:
Let us now study income demand which indicates the relationship between income and the quantity of commodity demanded. It relates to the various quantities of a commodity or service that will be bought by the consumer at various levels of income in a given period of time, other things being equal.
Explanation:
Blossom Company sells merchandise on account for $3300 to Morton Company with credit terms of 2/7, n/30. Morton Company returns $800 of merchandise that was damaged, along with a check to settle the account within the discount period. Required:
What entry does Blossom Company make upon receipt of the check?
Assuming Morton Company returns $800 of merchandise was damaged. The entry that Blossom Company make upon receipt of the check is Debit Cash $2,450; Debit Sales Returns and Allowances $800;Debit Sales Discounts $50;Credit Accounts Receivable $3300.
Journal entryBlossom company
Debit Cash $2,450
($3300-$800)-[(3300 - 800 )×2%]
Debit Sales Returns and Allowances $800
Debit Sales Discounts $50
[(3300 - 800 )×2%]
Credit Accounts Receivable $3300
Inconclusion the entry that Blossom Company make upon receipt of the check is Debit Cash $2,450; Debit Sales Returns and Allowances $800;Debit Sales Discounts $50;Credit Accounts Receivable $3300
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Given sales of $100,000 a contribution margin of $40,000, and fixed expenses of $50,000, the result is a ______.
Given sales of $100,000 a contribution margin of $40,000, and fixed expenses of $50,000, the result is a $10,000 net operating loss.
What is net operating loss?
The net operating loss is when total revenue is less than direct and indirect expenses. Direct expenses in variable cost while indirect expenses is fixed cost.
The net operating loss = contribution margin - fixed costs.
$40,000 - $50,000 = $-10,000
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Journalize transactions and follow through accounting cycle to preparation of financial statements.
On November 1, 2014, the following were the account balances of Rijo Equipment Repair.
Debit Credit
Cash $2,790 Accumulated DepreciationEquipment $500
Accounts Receivable 2,910 Accounts Payable 2,300
Supplies 1,120 Unearned Service Revenue 400
Equipment 10,000 Salaries and Wages Payable 620
Common Stock 10,000
Retained Earnings 3,000
$16,820 $16,820
During November, the following summary transactions were completed.
Nov. 8 Paid $1,220 for salaries due employees, of which $500 is for November and $720 is for October salaries payable.
10 Received $1,810 cash from customers in payment of account.
12 Received $3,710 cash for services performed in November.
15 Purchased store equipment on account $3,510.
17 Purchased supplies on account $1,310.
20 Paid creditors $2,510 of accounts payable due.
22 Paid November rent $450. 25 Paid salaries $1,010.
27 Performed services on account worth $900 and billed customers.
29 Received $750 from customers for services to be performed in the future.
Answer:
Nov. 8 Paid $1,220 for salaries due employees, of which $500 is for November and $720 is for October salaries payable.
Dr Wages expense 500
Dr Wages payable 720
Cr Cash 1,220
10 Received $1,810 cash from customers in payment of account.
Dr Cash 1,810
Cr Accounts receivable 1,810
12 Received $3,710 cash for services performed in November.
Dr Cash 3,710
Cr Service revenue 3,710
15 Purchased store equipment on account $3,510.
Dr Equipment 3,510
Cr Accounts payable 3,510
17 Purchased supplies on account $1,310.
Dr Supplies 1,310
Cr Accounts payable 1,310
20 Paid creditors $2,510 of accounts payable due.
Dr Accounts payable 2,510
Cr Cash 2,510
22 Paid November rent $450.
Dr Rent expense 450
Cr Cash 450
25 Paid salaries $1,010.
Dr Wages expense 1,010
Cr Cash 1,010
27 Performed services on account worth $900 and billed customers.
Dr Accounts receivable 900
Cr Service revenue 900
29 Received $750 from customers for services to be performed in the future.
Dr Cash 750
Cr Unearned revenue 750
Rijo Equipment Repair
Trial Balance
For the month ended November 30, 2014
Debit Credit
Cash $3,870
Accounts Receivable $2,000
Supplies $2,430
Equipment $13,510
Accumulated Dep. Equipment $500
Accounts Payable $4,610
Salaries and Wages Payable -$100 (see Nov. 8)
Unearned Service Revenue $1,150
Common Stock $10,000
Retained Earnings $3,000
Service revenue $4,610
Wages expense $500
Wages expense $1,010
Rent expense $450
Totals $23,770 $23,770
In order to prepare an income statement, you must adjust several accounts, e.g. depreciation expense, wages expense for last week, utilities expense, etc.
a. The random-walk theory, with its implication that investing in stocks is like playing roulette, is a powerful indictment of our capital markets. b. If everyone believes you can make money by charting stock prices, then price changes won’t be random. c. The random-walk theory implies that events are random, but many events are not random. If it rains today, there’s a fair bet that it will rain again tomorrow.
Answer:
It's A
Explanation:
I don't really have a clear explanation but if you check online you would know
The random-walk theory, with its implication that investing in stocks is like playing roulette, is a powerful indictment of our capital markets. Thus, option A is correct.
What is random-walk theory?According to random walk theory, the previous movement or trend of a stock price or market cannot be utilized to forecast its future movement. According to random walk theory, it is difficult to surpass the market without taking on more risk.
The random walk assumption is a financial theory that states that stock market values evolve randomly and cannot thus be anticipated.
The random-walk hypothesis, which implies that investing in equities is akin to gambling, is a forceful criticism of our financial markets. As a result, option A is correct.
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Niko has purchased a brand new machine to produce its High Flight line of shoes. The machine has an economic life of six years. The depreciation schedule for the machine is straight-line with no salvage value. The machine costs $750,000. The sales price per pair of shoes is $61, while the variable cost is $15. $175,000 of fixed costs per year are attributed to the machine. Assume that the corporate tax rate is 35 percent and the appropriate discount rate is 9 percent.
Required:
What is the financial break-even point?
Answer:
7812.60 units
Explanation:
PVIFA 9%,6years = [1-(1+r)-n/r]
=[1-(1-1.09)^-6]/0.09
= 4.4859
EAC = Initial Investment / PVIFA 9%,6year
EAC = $750,000/ 4.4859
EAC= $167,190.53
Annual depreciation = $750,000 / 6
Annual depreciation = $125,000
The financial Break-even point for this project is: QF = [EAC + FC(1 – tC) – Depreciation(tC)] / [(P – VC)(1 – tC)]
Break-even point =[167,190.53 + 175,000*(1-0.35) - 125,000*0.35]/(61-15)(1-0.34)
Break-even point = {167,190.53 + 113750 - 43750} / 30.36
Break-even point = 237190.53 / 30.36
Break-even point = 7812.59980
Break-even point = 7812.60 units
Manufacturing cost data for Dolan Company, which uses a job order cost system, are presented below:
Case A Case B
Direct Materials Used $ $103,000
Direct Labor 70,000 150,000
Manufacturing Overhead Applied 63,000
Total Manufacturing Costs 240,000
Work in Process, 1/1/17 45,000
Total Cost of Work in Process 300,000
Work in Process, 12/31/17 40,000
Cost of Goods Manufactured 205,000
Required:
Indicate the missing amount. Assume that overhead is applied on the basis of direct labor cost and that the rate is the same for both cases.
Answer:
See answers below
Explanation:
Case A.
a + $70,000 + $73,000 = $240,000
a = $107,000
$240,000 + (b) = $300,000
b= $60,000
$300,000 - (c) = $205,000
c = $95,000
Case B
Since over head rate from Case A is 90%, [$63,000 ÷ $70,000]
150,000 × 90% = (d)
(d) = $135,000
$103,000 + $150,000 + $135,000 = (e)
(e) = $388,000
$388,000 + $45,000 = (f)
(f) = $433,000
$433,000 - $40,000 = (g)
(g) = $393,000
On March 31, 2021, Gardner Corporation received authorization to issue $80,000 of 9 percent, 30-year bonds payable. The bonds pay interest on March 31 and September 30. The entire issue was dated March 31, 2021, but the bonds were not issued until April 30, 2021. They were issued at face value. a. Prepare the journal entry at April 30, 2021, to record the sale of the bonds. b. Prepare the journal entry at September 30, 2021, to record the semiannual bond interest payment. c. Prepare the adjusting entry at December 31, 2021, to record bond interest expense accrued since September 30, 2021. (Assume that no monthly adjusting entries to accrue interest expense had been made prior to December 31, 2021.)
The journal entries to record the transactions of Gardner Corporation are as follows:
a. April 30, 2021
Debit Cash $80,000
Credit Bonds Payable $80,000
To record the issuance of the 9% bonds at face value.b. September 30, 2021:
Debit Interest Expense $3,600
Credit Cash $3,600
To record the payment of 6-months interest.c. December 31, 2021:
Debit Interest Expense $1,800
Credit Interest Payable $1,800
To accrue 3-months interest on bonds.Data and Calculations:Bonds payable = $80,000
Interest rate = 9%
Maturity period == 30 years
Interest payment = semi-annually
a. April 30, 2021 Cash $80,000 Bonds Payable $80,000
b. September 30, 2021: Interest Expense $3,600 Cash $3,600
($80,000 x 9% x 1/2)
c. December 31, 2021: Interest Expense $1,800 Interest Payable $1,800
($80,000 x 9% x 1/4)
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Budgeting guidelines that help insure budgeting is a positive motivating force include: (Check all that apply.
It should be noted that Budgeting guidelines that help to insure budgeting is a positive motivating force which include;
Participatory BudgetThe opportunity to explain differences between actual and budgeted amountsAttainable Goals. What is Budgeting?Budgeting serves as the the process of creating a plan to spend your money.
It helps to balance the income and expenses of a company.
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The story of Clarence Saunders is both inspirational and a cautionary tale. What did he do
right and where can businesses learn from his mistakes?
Answer
Clarence Saunders invented self-service shopping, when he opened a grocery store in Memphis, Tennessee on 6 September 1916, under the whimsical name Piggly Wiggly.
Explanation:
Differential Analysis for a Lease-or-Sell Decision Sure-Bilt Construction Company is considering selling excess machinery with a book value of $276,600 (original cost of $398,200 less accumulated depreciation of $121,600) for $276,600, less a 5% brokerage commission. Alternatively, the machinery can be leased to another company for a total of $284,400 for five years, after which it is expected to have no residual value. During the period of the lease, Sure-Bilt Construction Company's costs of repairs, insurance, and property tax expenses are expected to be $24,500. a. Prepare a differential analysis, dated May 25 to determine whether Sure-Bilt should lease (Alternative 1) or sell (Alternative 2) the machinery. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Differential Analysis Lease Machinery (Alt. 1) or Sell Machinery (Alt. 2) May 25 Lease Machinery (Alternative 1) Sell Machinery (Alternative 2) Differential Effect on Income (Alternative 2) Revenues $ $ $ Costs Income (Loss) $ $ $ b. On the basis of the data presented, would it be advisable to lease or sell the machinery
Answer:
A. $2,870
B. It would be advisable to sell the machinery
Explanation:
a. Preparation of a differential analysis, to determine whether Sure-Bilt should lease (Alternative 1) or sell (Alternative 2) the machinery
DIFFERENTIAL ANALYSIS
Lease (Alternative 1) or sell (Alternative 2) the machinery May 25
Lease machinery (Alternative 1)
Revenue $284,400
Cost $24,500
Income/loss$259,900
Sell machinery (Alternative 2)
Revenue $276,600
Cost $13,830 (5%*276,600)
Income/loss $262,770
Differential effect on income (Alternative 2)
Revenue ($284,400-$276,600)=$7,800
Cost ($24,500-$13,830)=$10,670
Income/loss($259,900-$262,770)=$2,870
b. On the basis of the data presented above , it would be advisable sell the machinery and the benefit from selling the machinery will be the amount of $2,870
Explain any five characteristics of Change in Organisation
Answer:Meaning of Organisational Change
Features of Organisational Change
Forces of Change
Factors Affecting Organisational Change
Process of Organisational Change
Model of Organisational Change(Force Field Analysis)
Types of Organisational Change
Approaches to Planned Organisational Change
Explanation:
Answer:
1. Planned Change:
Organisational development (OD) is an educational strategy for bringing about planned change. Planned change concept makes it different from other approaches for change in organisations.
2. Encompasses the Whole Organisation:
This change covers the entire organisation. Organisational Development is the development of the whole organisation so that it can respond to change effectively. OD tends to ensure that all parts of the organisation are well coordinated in order to solve the problems and opportunities that are brought by change.
3. Long Range Change:OD is a long term process. It may take months or years to implement it. OD is never intended to be a stopgap arrangement or measure.
4. Systems Orientation:
OD is concerned with the various groups in the organisation and their interactions with each other. It is concerned with formal as well as informal or social relationships. It is concerned with group structures, processes and attitudes. OD emphasizes on the relationships among the groups not on the groups themselves.
5. Change Agent:
The services of outside experts are obtained, generally, to implement the OD process. In OD, “Do it yourself” programs are discouraged. When the primary change agent is a consultant from outside the organisation, he can operate independently without ties to the organisational hierarchy and politics of the organisation. The personnel director is the internal agent of the organisation who coordinates the program with the management and the external agent.
As the external agent also works with the management, there is a three way relationship of the personnel director, management and the outside consultant as they develop the OD program. Very rarely, an internal change agent is used by the organisation, who usually is a specialist on the personnel staff.
Explanation:
Here are the actual tabulated demands for an item for a nine-month period (January through September). Your supervisor wants to test two forecasting methods to see which method was better over this period.
MONTH ACTUAL
January 110
February 130
March 150
April 170
May 160
June 180
July 140
August 130
September 140
Required:
a. Forecast April through September using a three-month moving average.
b. Use simple exponential smoothing with an alpha of 0.3 to estimate April through September, using the average of January through March as the initial forecast for April. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
c. Calculate MAD for each method.
d. Use MAD to decide which method produced the better forecast over the six-month period.
Answer:
a) 130, 150,160, 170,160,150
B) 130, 142, 147.4, 157, 152, 145
C) MAD using three month method = 23.333
MAD using simple exponential method = 22.5
D) Exponential smoothing method produces a better Forecast because its MAD result is lower than that produced when 3 month method was used
Explanation:
A) Forecasting April through September using A three-month moving average
we use this formula :[tex]f_{t}[/tex] = [tex]\frac{A_{t-1}+ A_{t-2}---- A_{t-n} }{n}[/tex]
where : [tex]f_{t}[/tex] = Forecast for coming period
At-1 = actual demand in the past period
N = number of periods to be averaged for a three-month moving average = 3
lets term the first month A, second month Ma , third month Ju,
Forecast for month April = ( month J + month F + month M ) / 3
= (110 + 130 + 150 )/ 3 = 130 (next forecast fr month A)
Forecast for month May = ( month f + Month A + Month ma ) / 3
= ( 130 + 150 + 170 ) / 3 = 150
Forecast for month June = ( Month M + Month A + Month Ma ) / 3
= (150 + 170 + 160 ) / 3 = 160
Forecast for month July = ( Month A + Month Ma + Month Ju )
= (170 + 160 + 180 ) / 3 = 170
Forecast for month August = ( Month Ma + month Ju + month Jy ) / 3
= (160 + 180 + 140 )/3 = 160
Forecast for month September = ( month Ju + month Jy + month Au ) / 3
= ( 180 + 140 + 130 ) / 3 = 150
B ) Using simple exponential smoothing with an alpha of 0.3 to estimate April through September
The smoothed value for the month of the month of April = 130 i.e. value of forecast for month of April
to calculate the simple exponential forecast we apply the given formula below
single exponential smoothing (Ft) = [tex]f_{t-1} + \alpha ( A_{t-1}- F_{t-1} )[/tex]
where : [tex]\alpha[/tex] = smoothing constant
Ft = forecast for coming period
A = actual demand , F = forecasted demand
Exponential value for the month of May
Forecast ( Ma ) = 142 + 0.3 [160-142]
= 142
Smoothed value for the month of Ju
Forecast ( Ju ) = 142 + 0.3 [ 160 - 142 ]
= 147.4
Smoothed value for the month of July (Jy)
Forecast ( Jy ) = 147 + 0.3 [ 180 - 147]
= 157
Smoothed value for the month of August ( Au )
Forecast ( Au ) = 157 + 0.3[140 - 157 ]
= 152
Smoothed value for the month of September ( s )
Forecast ( s ) = 152 + 0.3 [ 130 - 152 ]
= 145
C) Formula for calculating MAD is attached below
using the formula to calculate MAD for each method using the three month moving average forecast
Absolute deviation
for Month April ( A ) = 40
for month May ( Ma ) = 10
for Month June ( Ju ) = 20
for month July ( Jy ) = 30
for month August ( Au ) = 30
for month September ( s ) = 10
total deviation = 140
Hence the MAD = 23.333333
Calculate the MAD using the exponential smoothing method
for Month April ( A ) = 40
for month May ( Ma ) = 18
for Month June ( Ju ) = 33
for month July ( Jy ) = 17
for month August ( Au ) = 22
for month September ( s ) = 10
total deviation = 135
MAD = 22.5
D) Exponential smoothing method produces a better Forecast because its MAD result is lower than that produced when 3 month method was used
Colin Powell sees leadership as the ability to solve problems.
O True
O False
Answer:
true
Explanation: Leadership is solving problems.
In Jan. 2020 Mary Jones was earning $40,000 in net income and spending $39,000 on a yearly basis. Mary Jones loses her job on April 1, 2020, and regains the same job ---at the same pay ---exactly six months later on October 1, 2020. During the six month layoff period, in the first three months, April, May and June, she earns $600 a week in EXTRA unemployment benefits -- IN ADDITION TO the $347 a week he earns, which is the average UI benefit for the workers in our state. Thus, for these 13 weeks, she earns $947 per week. In the next three months, July, August and September, she earns $347 per week in UI benefits. She and her family cut back on their spending by ten percent during the six months duration of unemployment, but then they go back to spending $39,000 on a yearly basis after he goes back to work. What is her net income level and spending level for 2020
Answer:
to determine her income level, we must add Mary's net salary during the first 3 months + total unemployment benefits for the first 13 weeks (April, May and June) + unemployment benefits for the next 13 weeks (July, August and September) + her normal income received during the last part of the year
total income = ($40,000 x 1/4) + ($947 x 13 weeks) + ($347 x 13 weeks) + ($40,000 x 1/4) = $10,000 + $12,311 + $4,511 + $10,000 = $36,822
total spending = normal spending level during 6 months + reduced spending level for the other 6 months
total spending = ($39,000 x 1/2) + ($39,000 x 1/2 x 9/10) = $19,500 + $17,550 = $37,050
Phone Center (Scenario) The Technix Computer Corporation recently finished construction of a customer service phone center in New Delhi, India. Phone center agents will be responsible for answering technical questions from customers around the globe. Technix has hired 55 local computer experts as phone agents, and a training session is underway. Technical specialists and call center specialists from the United States have flown to India to train the new Indian employees. Hank Patelli, a senior manager of a Technix phone center in Michigan, will oversee the New Delhi phone center for six months until a local manager is hired and trained to replace him. Ashok, one of the Indian employees, asks Hank if the weekend training session could be rescheduled because it is a Hindu festival day. What will be the most likely outcome if Hank agrees to Ashok's request
Answer:
Hank will develop a relationship of trust and understanding with the Indian employees
Explanation:
Remember, we are told, Hank Patelli is from America, which most likely means he doesn't share the same religious believes as his Indian colleagues.
Hence, when Ashok, one of the Indian employees asks Hank if the weekend training session could be rescheduled because of a Hindu festival day, been a Senior manager, Hank had some authority to decline the request but he didn't because he respected their religion and culture. This action would therefore make Hank develop a relationship of trust and understanding with the Indian employees.
Department J had no work in process at the beginning of the period. 18,000 units were completed during the period, and 2,000 units were 30% completed at the end of the period. The following manufacturing costs were debited to the departmental work in process account during the period (assume the company uses FIFO and rounds cost per unit to two decimal places): Direct materials (20,000 at $5) $100,000 Direct labor 142,300 Factory overhead 57,200 Assuming that all direct materials are placed in process at the beginning of production, what is the total cost of the departmental work in process inventory at the end of the period
Answer: $283,140
Explanation:
The total cost of the departmental work in process inventory at the end of the period is $283,140.
The work in progress (WIP) was calculated as:
= 2000 × 30%
= 2000 × 0.3
= 600
Check the attachment for further explanation.
Ariana and John, who file a joint return, have two dependent children, Kai and Angel. Kai is a freshman at State University and Angel is working on her graduate degree. The couple paid qualified expenses of $3,900 for Kai (who is a half-time student) and $7,800 for Angel.
Required:
What are the amount and type of education tax credits that Ariana and John can take, assuming they have no modified AGI limitation?
The amounts and types of education tax credits that Ariana and John can take without modified AGI limitation are as follows:
Amount of Education Tax Type of Education Tax Credits
For Kai $1,000 ($2,500 x 40%) The American Opportunity Credit
For Angel $1,560 ($7,800 x 20%) The Lifetime Learning Credit
Total tax credit = $2,560 ($1,000 + $1,560)
What are the American Opportunity Credit and the Lifetime Learning Credit?Whereas the American Opportunity Credit (Kia's) covers only the first 4 years of post-secondary education at 40% of $2,500 per student because Kia is a half-time student, the Lifetime Learning Credit applies to graduate schooling (Angel's) and covers 20% of the first $10,000 paid for tuition.
We must note that no taxpayer can claim both the American Opportunity Credit and the Lifetime Learning Credit for the same student in the same tax year.
Thus, the total education tax credit that Ariana and John can claim for both Kai and Angel is $2,560.
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What products do you think will increase in demand because of the 2020 election?
Answer:
you know the basics. masks, gloves, hand sanitizer, stuff like that
Explanation:
Herzberg's study asked workers to rank various job-related factors in order of importance relative to motivation. The question was, "what creates enthusiasm for workers and makes them work to their full potential?" Fourteen factors were identified. Factors receiving the most votes all clustered around job content. Herzberg also found that workers did not consider factors related to the job environment to be motivators; in particular, pay was not a factor. Workers felt that the absence of good pay, job security, and friendly supervisors could cause dissatisfaction, but their presence did not motivate employees to work harder; they just provided satisfaction and contentment in the work situation. Herzberg concluded that certain factors, which he called motivators, made employees productive and gave them satisfaction. Herzberg called other elements of the job hygiene factors (or maintenance factors). These related to the job environment and could cause dissatisfaction if missing but would not necessarily motivate employees if increased.
Incomplete question. The attached image below shows the complete question.
Explanation:
Listed below are the job factors placed in their category in line with Herzberg's theory;
Motivators:
Interest in the work itselfPeer and group relationshipEarned recognitionSense of AchievementHygiene:
Supervisor's friendlinessWorking conditionsOpportunity for growthJob securityOpportunity for advancementCompany policies and rulesPaySupervisor's fairnessDuring the accounting period, Ourso recorded $14,000 of sales revenue on account. The company also wrote off a $150 account receivable. Required: a. Determine the amount of cash collected from receivables. b. Determine the amount of uncollectible accounts expense recognized during the period.
a. The amount of cash collected from receivables is $13,850
b. The amount of uncollectible accounts expense recognized during the period is $150
Account Receivables Recognition
Customers that do not pay Cash immediately after sale are called Account Receivables or Trade Debtors
Recording the Sale
Debit : Account Receivables $14,000
Credit : Sales $14,000
Recognising the uncollectible accounts
Any amounts that become uncollactable are written off and are known as Bad Debts. Bad Debts reduce the value of Account Receivables as follows :
Debit : Bad Debts $150
Credit : Account Receivables $150
Recognition of Cash Payment
The remainder of Debts after Bad Debts are written off are then collected, this reduces the amount of Assets hold up in Trade Debtors and recorded as follows
Debit : Cash $13,850
Credit : Account Receivables $13,850
In conclusion, the amount of cash collected from receivables is $13,850 and the amount of uncollectible accounts expense recognized during the period is $150
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1. What transportation alternatives might Lisa consider to allow more room in her budget?
Ramsey classroom
The transportation alternatives that Lisa consider should consider is one that is cheap and fits into her budget.
What is budget?It should be noted that a budget simply means an estimate of the income and expenses for a period of time.
In this case, the transportation alternatives that Lisa consider should consider is one that is cheap and fits into her budget.
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1-Firm B uses the calendar taxable year and the cash method of accounting. On December 31, 20x6, Firm B made certain cash payments. To what extent can it deduct the payment in 20x6? (Please note: payments for assets to be consumed in the following year are fully deductible in the year of payment if the expenditure results in a benefit with a duration of 12 months or less and is consumed by the end of the following year.)
a) $3,000 compensation to a consultant who spent three weeks in January 20x7 analyzing B’s internal control system.
b) $500,000 to purchase a new piece of manufacturing equipment. The equipment was delivered on January 8, 20x7 and has a useful life of 5 years.
c) $16,900 property tax to the local government for the first six months of 20x7.
d) $50,000 for a two-year lease beginning on February 1, 20x7.
e) $23,700 of inventory items held for sale to customers.
Answer:
a) $3,000 compensation to a consultant who spent three weeks in January 20x7 analyzing B’s internal control system.
$3,000 recognized in 20x6Cash basis accounting doesn't recognize prepaid expenses that last less than 12 months, therefore, this expense will be recognized in the year that it was paid for regardless if the actual expense took place on a later date. The same applies for rent, insurance, etc.
b) $500,000 to purchase a new piece of manufacturing equipment. The equipment was delivered on January 8, 20x7 and has a useful life of 5 years.
$0 recognized in 20x6If you use modified cash basis accounting, you must capitalize fixed assets and depreciate them. You would recognize depreciation expense during the following 5 years.
c) $16,900 property tax to the local government for the first six months of 20x7.
$16,900 recognized in 20x6Since you paid your taxes in 2016, you must recognize them.
d) $50,000 for a two-year lease beginning on February 1, 20x7.
$0 recognized in 20x6The 12 month rule doesn't apply, therefore, you must recognize rent during 20x7 and 20x8.
e) $23,700 of inventory items held for sale to customers.
$0 recognized in 2016Even for cash basis accounting, inventory is a permanent account in the balance sheet and it cannot be expensed until sold.