You are planning to save for retirement over the next 30 years. To do this, you will invest $850 per month in a stock account and $350 per month in a bond account. The return of the stock account is expected to be 10% compounded monthly, and the bond account will pay 6% compounded monthly. When you retire, you will combine your money into an account with a return of 5% compounded monthly. How much can you withdraw each month from your account assuming a 25-year withdrawal period?

Answers

Answer 1

Answer:

$13,287.70

Explanation:

first we must calculate the future value:

future value of stock account = $850 x [(1 + 0.1/12)³⁶⁰ - 1 ] / (0.1/12) = $1,921,415

future value of bond account = $350 x [(1 + 0.06/12)³⁶⁰ - 1 ] / (0.06/12) = $351,580

total future value = $2,272,995

monthly withdrawal = value of account / PVIFA

PVIFA, 300 periods, 0.4167% = [1 - 1/(1 + 0.05/12)³⁰⁰] / (0.05/12) = 171.06

monthly withdrawal = $2,272,995 / 171.06 = $13,287.70


Related Questions

In its first month of operations, Wildhorse Co. made three purchases of merchandise in the following sequence: (1) 370 units at $6, (2) 470 units at $8, and (3) 570 units at $9. Assuming there are 270 units on hand at the end of the period, compute the cost of the ending inventory under (a) the FIFO method and (b) the LIFO method. Wildhorse Co. uses a periodic inventory system. FIFO LIFO The Ending Inventory $Enter a dollar amount $Enter a dollar amount

Answers

Answer:

The cost of the ending inventory under FIFO is $2,430 and under LIFO is  $1,620

Explanation:

First determine the units sold

Units Sold = Total Purchases - Units in hand

                  = 1,410 units - 270 units

                  = 1,140

Note ; Wildhorse Co. uses a periodic inventory system. This means we calculate the cost at the end of the period.

FIFO

Means First in First Out

Cost of the ending inventory = 270 x $9.00 = $2,430

LIFO

Means Last in First Out

Cost of the ending inventory = 270 x $6.00 = $1,620

Conclusion

The cost of the ending inventory under FIFO is $2,430 and under LIFO is  $1,620

University Printing Services offer a program of reproducing class notes for participating professors teaching large classes with an enrollment uniformly distributed between 200 and 300 students. Professor Pulat has subscribed to this program. A copy of her notes costs $8 to produce and it sells for $12. The students purchase their books at the start of the semester. Any unsold notes are shredded for recycling as she makes changes to her notes every semester. In the meantime, when all copies are sold, no additional copies are printed. If the University Printing Services wants to maximize its revenues, how many copies should it print

Answers

Answer:

233 copies

Explanation:

Cost of shortage (Cs)= Revenue per unit - Cost per unit

Cost of shortage (Cs) = $12 - $8

Cost of shortage (Cs) = $4

Cost of excess (Ce) = Original cost per unit - Salvage value per unit

Cost of excess (Ce) = $8 - $0

Cost of excess (Ce) = $8

Service Level (SL) = Cs/(Cs+Ce)

Service Level (SL) = $4 / ($4+$8)

Service Level (SL) = $4/$12

Service Level (SL) = 0.33

Optimum Level = Minimum student + SL*(Maximum student - Minimum student)

Optimum Level = 200 + 0.33*(300 - 200)

Optimum Level = 200 + 33

Optimum Level = 233 copies

Westan Corporation uses a predetermined overhead rate of $23.10 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $277,200 of total manufacturing overhead for an estimated activity level of 12,000 direct labor-hours. The company incurred actual total manufacturing overhead costs of $266,000 and 12,600 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead that would have been applied to all jobs during the period.

Answers

Answer:

the applied manufacturing overhead is $291,060

Explanation:

The computation of the applied manufacturing overhead is shown below:

= Predetermined overhead rate × total direct labor hours

= $23.10 × 12,600

= $291,060

Hence, the applied manufacturing overhead is $291,060

A corporation can earn 7.5% if it invests in municipal bonds. The corporation can also earn 8.5% (before-tax) by investing in preferred stock. Assume that the two investments have equal risk. What is the break-even corporate tax rate that makes the corporation indifferent between the two investments

Answers

Answer:

39.22%

Explanation:

Calculation for the break-even corporate tax rate

Using this formula

Municipal yield = After-tax preferred yield

7.50% = BT preference return ´ [1 - (1 - Dividend exclusion %)(T)]

Let plug in the formula

7.50% = 8.50% ´ [1 - 30.00% ´ (T)]

88.24% = [1 - 30.00% ´ (T)]

Tax rate (T) = 39.22%

Therefore the break-even corporate tax rate that makes the corporation indifferent between the two investments is 39.22%

The Armer Company is accumulating data to be use in preparing its annual profit plan for the coming year. The cost behavior pattern of the maintenance costs must be determined. The accounting staff has suggested the use of linear regression to derive an equation for maintenance hours and costs. Data regarding the maintenance hours and costs for the last year and the results of the regression analysis follow: Month Maintenance Cost Machine Hours Jan. $ 4,200 480 Feb. 3,000 320 Mar. 3,600 400 Apr. 2,820 300 May 4,350 500 June 2,960 310 July 3,030 320 Aug. 4,470 520 Sept. 4,260 490 Oct. 4,050 470 Nov. 3,300 350 Dec. 3,160 340 Sum $ 43,200 4,800 Average $ 3,600 $ 400 Average cost per hour $ 9.00 a (intercept) $ 684.65 b (coefficient) 7.2884 Standard error of the estimate 34.469 R-squared 0.99724 t-value for b 60.105
Based on the data derived from the regression analysis, 420 maintenance hours in a month mean that maintenance costs should be budgeted to the nearest dollar at:________.

Answers

Answer:

Based on the data derived from the regression analysis, 420 maintenance hours in a month mean that maintenance costs should be budgeted to the nearest dollar at: $3,746.

Explanation:

From the regression results given in the question, we can obtain the following:

a. Intercept = $684.65

b. Coefficient = $7.2884

Based on the above, the estimated regression equation can be provided as follows:

Maintenance costs = $684.65 + ($7.2884 * Maintenance hours) ............. (1)

Since we are given 420 maintenance hours in a month, we therefore substitute "Maintenance hours = 420" into equation (1) to obtain the maintenance costs that should be budgeted as follows:

Maintenance costs = $684.65 + ($7.2884 * 420) = $684.65 + $3,061.128 = $3,745.778

Rounding to the nearest dollars, we have:

Maintenance costs = $3,746

Therefore, based on the data derived from the regression analysis, 420 maintenance hours in a month mean that maintenance costs should be budgeted to the nearest dollar at: $3,746.

A homeowner in a sunny climate has the opportunity to install a solar water heater in his home for a cost of $3,979. After installation the solar water heater will produce a small amount of hot water every day, forever, and will require no maintenance. How much must the homeowner save on water heating costs every year if this is to be a sound investment

Answers

Answer:

$198.95

Explanation:

Calculation for How much must the homeowner save on water heating costs every year if this is to be a sound investment

Using this formula

Saving =Cost *Interest rate

Let plug in the formula

Savings=3,979*5%

Savings=$198.95

Therefore How much must the homeowner save on water heating costs every year if this is to be a sound investment is $198.95

Describe the legal aspects of buying ?

Answers

Answer:

Legal aspects of buying and selling a business.

Pre-Sale. The key here is to ensure that appropriate advisers in place; such as tax, financial and legal advisers. ...

Heads of Agreement. ...

Due Diligence. ...

The Contract of Sale. ...

Warranties/Indemnities/Disclosure.

Consider a firm with $9,331 in current assets. The firm also has gross property plant and equipment of $1,717, depreciation expense of $9,780. The firm decided to reduce their capital structure and hold $0 in notes payable, $5,189 in accruals and $7,224 in accounts payable. The firm has $924 in long-term debt, $1,493 in interest expense. Calculate the firm's Total Assets

Answers

Answer:

$11,048

Explanation:

Total Assets = Current Assets + Non - Current Assets

                      = $11,048

Michael's Machine Shop reports the following information for the quarter.
Sales price $70
Fixed costs (for the quarter)
Selling and administrative 47,620
Production 142,860
Variable cost (per unit)
Materials 18
Labor 15
Plant supervision 8
Selling and administrative 9
Number of units (for the quarter) 23,810 units
Required:
Select the answer for each of the following costs.
a) Variable cost per unit.
b) fixed cost amount
c) breakeven point
d) expected sales

Answers

Answer:

Results are below.

Explanation:

First, we need to calculate the variable cost per unit:

Variable cost per unit= Materials + Labor + Plant supervision + Selling and administrative

Variable cost per unit= 18 + 15 + 8 + 9

Variable cost per unit= $50

Now, the fixed cost:

Fixed costs= Selling and administrative + Production

Fixed costs= 47,620 + 142,860

Fixed costs= $190,480

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 190,480 / (70 -50)

Break-even point in units= 9,524

Finally, the expected sales:

expected sales= 23,810*70

expected sales= $1,666,700

Read the overview below and complete the activities that follow.
Marketers have access to a wide range of online research tools that can help enable the collection of data related to a specific market research effort. This activity is important because marketing managers must be able to understand how to leverage different types of online research tools in order to efficiently and effectively address the research problem as it has been defined. The goal of this exercise is to demonstrate your understanding of each of the different categories of online research tools that can be used in the context of a specific research context. Online research tools fall into three categories: databases, focus groups, and sampling. Each of these three categories offers unique opportunities to expand the reach and usefulness of market research. Hover over each individual item to read about the specific research problem faced by a given marketing manager, as well as any other relevant considerations provided. Then, drag the item to the online research tool category that would best serve the related marketing manager's needs.
1. Sarah
2. Diana
3. John
A. Online (Cloud) Databases
B. Online Focus Groups
C. Online Sampling

Answers

Answer:

1. Sarah - Online Focus Groups

2. Diana - Online Sampling

3. John - Online (Cloud) Databases

Explanation:

Marketing research is an important aspect for any business. The type of research tools used for any marketing strategy depends on the multiple factors like, type of product, target market and customer need. In the given scenario Sarah should go for Online focus group research, Diana should go for Online sampling and John should go for Online Cloud Databases.

Margerit is reviewing a project with projected sales of 1,500 units a year, a cashflow of $40 a unit and a three-year project life. The initial cost of the project is$95,000. The relevant discount rate is 15%. Margerit has the option to abandonthe project after one year at which time she feels she could sell the project for$60,000. At what level of sales should she be willing to abandon the project

Answers

Answer: 923 units

Explanation:

Margerit should abandon the project in a year if the cashflow associated with the project brings in a present value of less than or equal to $60,000 in a year.

The present value in year one should be set at $60,000.

The cashflow for the two years at a present value of $60,000 would be:

60,000 = Amount * Present value interest factor of an annuity, 2 periods, 15%

60,000 = Amount * 1.6257

Amount = 60,000 / 1.6257

= $36,907

The above is the amount received per sales that she should abandon the project at.

In units this is:

= 36,907 / 40 per unit

= 923 units

You should use a multimedia slide or canvas only if __________. a. the slide or canvas highlights important points b. your presentation is longer than ten minutes c. you have completed training in developing and using the software d. you develop your ideas using the direct organizational strategy

Answers

Answer:

a.

Explanation:

thats my answer my module

You should use a multimedia slide or canvas only if the slide or canvas highlights important points. The Option A.

When should you consider using a multimedia slide or canvas?

Multimedia slides or canvases are effective tools for highlighting important points in your presentation. By incorporating visual elements, such as images, charts, or videos, you make key information more engaging and memorable for your audience.

These visual aids can help reinforce your message, clarify complex concepts, and create a visually appealing presentation but it is important to use multimedia slides or canvases judiciously and ensure that they serve a purpose in enhancing the understanding and impact of your content. Therefore, the Option A is correct.

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Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of May:
1 Rainier Company Yakima Company
2 Materials inventory, May 1 $100,000.00 $48,200.00
3 Materials inventory, May 31 (a) 50,000.00
4 Materials purchased 950,000.00 710,000.00
5 Cost of direct materials used in production 938,500.00 (a)
6 Direct labor 2,860,000.00 (b)
7 Factory overhead 1,800,000.00 446,000.00
8 Total manufacturing costs incurred May (b) 2,484,200.00
9 Total manufacturing costs 5,998,500.00 2,660,600.00
10 Work in process inventory, May 1 400,000.00 176,400.00
11 Work in process inventory, May 31 382,000.00 (c)
12 Cost of goods manufactured (c) 2,491,500.00
13 Finished goods inventory, May 1 615,000.00 190,000.00
14 Finished goods inventory, May 31 596,500.00 (d)
15 Sales 9,220,000.00 4,550,000.00
16 Cost of goods sold (d) 2,470,000.00
17 Gross profit (e) (e)
18 Operating expenses 1,000,000.00 (f)
19 Net income (f) 1,500,000.00
Required:
a. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers.
b. Prepare Yakima Company’s statement of cost of goods manufactured for May. For those boxes in which you must enter subtracted or negative numbers use a minus sign.*
c. Prepare Yakima Company’s income statement for May. Enter all amounts as positive numbers.*
* Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.
Starting Question
a. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers.
Letter Rainier Company Yakima Company
a.
b.
c.
d.
e.
f.
Statement of Cost of Goods Manufactured
b. Prepare Yakima Company’s statement of cost of goods manufactured for May. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Yakima Company
Statement of Cost of Goods Manufactured
For the Month Ended May 31
1
2
Direct materials:
3
4
5
6
7
8
9
10
11
Total manufacturing costs
12
13
c. Prepare Yakima Company’s income statement for May. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Enter all amounts as positive numbers.
Yakima Company
Income Statement
For the Month Ended May 31
1
2
Cost of goods sold:
3
4
5
6
7
8
9
10

Answers

Answer:

(a) $190,000

(b) $2,185,000

(c) $3,125,900

(d) $841,090

(e) $561,260

(f) $1,200,000

Explanation:

Rainier and Yakima Company several balances are omitted. These are calculated with reverse calculation. The material inventory at beginning of may is added with the purchases made and then ending inventory is subtracted to identify cost of goods manufactured.

what do the four functions of managment have in common

Answers

They include: planning, organizing, leading, and controlling.

a) Why is ethical relativism considered to be self-contradictory?
b) Explain conceptual muddles with an example.​

Answers

Answer:

El relativismo no puede ser contradictorio porque no afirma ni niega nada. La expresión de una actitud moral consiste en valorar la diversidad.

Explanation:

El relativismo no puede ser contradictorio porque no afirma ni niega nada. La expresión de una actitud moral consiste en valorar la diversidad.

Mazzeo Co. provided the following information on selected transactions during 2017: Purchase of land by issuing bonds $650,000 Proceeds from issuing stock 520,000 Purchases of inventory 950,000 Purchases of treasury stock 350,000 Loans made to affiliated corporations 175,000 Dividends paid to preferred stockholders 100,000 Proceeds from issuing preferred stock 210,000 Proceeds from sale of land 325,000 The net cash provided (used) by investing activities during 2017 is

Answers

Answer:

$150,000

Explanation:

Calculation to determine what The net cash provided (used) by investing activities during 2017 is

Using this formula

The net cash provided (used) by investing activities during 2017 =Proceeds from sale of land -Loans made to affiliated corporations,

Let plug in the formula

The net cash provided (used) by investing activities during 2017=$325,000-$175,000

The net cash provided (used) by investing activities during 2017= $150,000

Therefore The net cash provided (used) by investing activities during 2017 is $150,000

Difine the following
1 operetional cost
2 social cost and
3 complementary goods​

Answers

Answer:

1. expenses related to the operation of a business

2.sum of the private costs resulting from a transaction

3. complementary good is a good whose appeal increases with the popularity of its complement.

A good leader should have a positive outlook. Please select the best answer from the choices provided OT F​

Answers

Answer:

true

Explanation:

if your leader dont have postivie outlook it will spread to the others

Answer:

true

Explanation:

All of the following are benefits associated with empowerment except: a. empowered employees are more likely to respond in a positive way to service failures and to engage in effective service recovery strategies. b. empowered employees are more customer focused and quicker in responding to customer needs. c. empowered employees tend to feel better about their jobs and themselves, which is automatically reflected in the way they interact with customers. d. empowered front-line employees gain a false sense of power, in turn aiding the customer. e. empowered front-line service employees can be key to new service ideas and a cheaper source of market research than going to the consumer directly.

Answers

Answer:

d. empowered front-line employees gain a false sense of power, in turn aiding the customer.

Explanation:

Employee empowerment is when an employer gives the employee a degree of autonomy in making decisions that affects their jobs.

They are allowed to decide how best to perform their jobs.

This gives the employee a sense of ownership that translates to better customer service, positive attitude, better employee moral, and cheaper source of market research than going to the consumer directly.

However this style does not give a false sense to power, because the employees actually.have autonomy in their work.

The statement that does not benefits associated with empowerment is that empowered front-line employees gain a false sense of power, in turn aiding the customer.

Empowerment is known to be firm based commitment to respect all its employees as intelligent and responsible human beings.

The rewards of empowerment are numerous such as higher levels of employee satisfaction, a sense of shared purpose, and more collaboration etc.

Conclusively ,Employee empowerment as a management philosophy uses the importance of granting employees to make independent decisions and act on them.

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Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $380,000 Shop direct labor 1,872,000 Shop and repair equipment depreciation 62,500 Shop supervisor salaries 240,000 Shop property taxes 36,940 Shop supplies 10,000 Advertising expense 28,000 Administrative office salaries 150,000 Administrative office depreciation expense 8,000 Total costs and expenses $2,787,440 The average shop direct labor rate is $37.50 per hour. Determine the predetermined shop overhead rate per direct labor hour. $fill in the blank 1 per direct labor hour

Answers

Answer:

$7 per direct labor hour

Explanation:

Given the above information ,

Overhead cost = Shop and repair equipment and depreciation + Shop supervisor salaries + shop property taxes + shop supplies

Overhead cost = $62,500 + $240,000 + $36,940 + $10,000 = $349,440

Number of direct labor hours = 1,872,000/$37.5 = 49,920

Predetermined overhead rate = Overhead cost/Direct labor hours

Predetermined overhead rate

= $349,440/49,920

= $7 per direct labor hour

Refer to the data below. Retained earnings, December 31, 2019 $ 341,200 Cost of buildings purchased during 2020 48,000 Net income for the year ended December 31, 2020 55,100 Dividends declared and paid in 2020 32,600 Increase in cash balance from January 1, 2020, to December 31, 2020 23,400 Increase in long-term debt in 2020 45,000 Required: From the above data, calculate the Retained Earnings balance as of December 31, 2020:

Answers

Answer:

$363,700

Explanation:

The retained earnings balance as of December 31, 2020 is computed as;

= Retained earnings as of December 31, 2019 + Net income - Dividend paid

Given that

Retained earnings as of December 31, 2019 = $341,200

Dividends = $32,600

Net income = $55,100

Retained earnings balance as of December 31, 2020

= $341,200 + $55,100 - 32,600

= $363,700

Explain the positive and negative aspects of entrepreneurship. Draw evidence to support your claim from two other sources.

Answers

Answer:

Advantage #1: A flexible schedule – both in terms of when and where you work. ...

Advantage #3: It's exciting and fulfilling. ...

Advantage #4: The salary makes sense. ...

Disadvantage #1: You wear a lot of hats. ...

Disadvantage #2: You are always at work.

Explanation:

The positive (advantages) and negative aspects (disadvantages) of entrepreneurship are enumerated below:

Control: Entrepreneurship offers the entrepreneur a sense of being in charge and being the captain of the ship.  With freedom of control comes increased risk of business failure.

Responsibility:  The entrepreneur is responsible for her income for life sustenance.  There is no more reliance on a period paycheck.  The entrepreneur can decide to delight her customers or to scare them away.

Flexibility: The entrepreneur enjoys flexibility in work schedule.  She works at her own pace.  The downside is that your customers dictate when you work.  The workload may increase more than your capacity to handle. Thus, flexibility does not happen always until you have established the business properly.

Profit-making:  As the business makes profits, the entrepreneur is entitled to receive all.  When it makes losses, the entrepreneur similarly bears all.

Thus, there are numerous benefits in being an entrepreneur.  But there are also negative aspects of entrepreneurship.

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____ is when the company and the customer
come to an official agreement. (Select the best answer.)
O Closing a sale
O Turning a lead into a prospect
O Self-actualization
O Creating a lead

Answers

Answer:

a- Closing a sale

Explanation:

Got it right on edg, Self-actualization is wrong

Describe a time where you provided or observed high-quality customer service. In Microsoft Word, margins are adjusted using?

Answers

Answer:

question was confusing

Explanation:

Select Layout > Margins. Select Custom Margins. In Margins, use the Up and Down arrows to enter the values you want. Select OK when done.

Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $4,590,000 (270,000 hours at $17/hour) and that factory overhead would be $1,570,000 for the current period. At the end of the period, the records show that there had been 250,000 hours of direct labor and $1,270,000 of actual overhead costs. Using direct labor hours as a base, what was the predetermined overhead rate? (Round your answer to two decimal places.)

Answers

Answer: $5.82 per direct labor hour

Explanation:

The predetermined overhead rate will be calculated as:

= Estimated overhead cost / Estimated direct labor hours

= 1570000/270000

= 5.82 per direct labor hour

Therefore, the predetermined overhead rate will be $5.82 per direct labor hour

Assume that on September 1 Office Depot had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September these transactions occurred.
Sept. 6 Purchased calculators from Green Box Co. at a total cost of $1,620, terms n/30.
9 Paid freight of $50 on calculators purchased from Green Box Co.
10 Returned calculators to Green Box Co. for $38 credit because they did not meet specifications.
12 Sold calculators costing $520 for $690 to University Book Store, terms n/30.
14 Granted credit of $45 to University Book Store for the return of one calculator that was not ordered. The calculator cost $34.
20 Sold calculators costing $570 for $760 to Campus Card Shop, terms n/30.

Answers

Answer:

Sept. 6 Purchased calculators from Green Box Co. at a total cost of $1,620, terms n/30.

Dr Inventory 1,620

    Cr Accounts receivable 1,620

9 Paid freight of $50 on calculators purchased from Green Box Co.

Dr Inventory 50

    Cr Cash 50

10 Returned calculators to Green Box Co. for $38 credit because they did not meet specifications.

Dr Accounts payable 38

    Cr Inventory 38

12 Sold calculators costing $520 for $690 to University Book Store, terms n/30.

Dr Accounts receivable 690

    Cr Sales revenue 690

Dr Cost of goods sold 520

    Cr Inventory 520

14 Granted credit of $45 to University Book Store for the return of one calculator that was not ordered. The calculator cost $34.

Dr Sales revenue 45

     Cr Accounts receivable 45

Dr Inventory 34

    Cr Cost of goods sold 34

     

20 Sold calculators costing $570 for $760 to Campus Card Shop, terms n/30.

Dr Accounts receivable 760

    Cr Sales revenue 760

Dr Cost of goods sold 570

    Cr Inventory 570

The following selected information is taken from the work sheet for Warton Company at its December 31 year-end.
Balance Sheet and
Income Statement . Statement of Owner's Equity
Dr Cr. Dr. Cr.
74,500
B. Warton, Capital 41,400
B. Warton, withdrawals
Totals 137,000 204,000
Determine the amount for B. Warton, Capital, that should be reported on its current December 31 year-end balance sheet. Note: B. Warton, Capital was $74,500 on December 31 of the prior year. $ 74,500
B. Warton, Capital, (beginning)
Add: Net income
Less: Withdrawals
B. Warton, Capital, (ending)

Answers

Answer:

$100,100

Explanation:

Calculation to Determine the amount for B. Warton, Capital, that should be reported on its current December 31 year-end balance sheet

Statement of Owner's equity

B Warton Capital (Beginning) $74,500

Add: Net Income

($204,000 - $137,000) $67,000

Less: Withdrawals/Drawings ($41,400)

B Walter, Capital (ending) $100,100

Therefore the amount for B. Warton, Capital, that should be reported on its current December 31 year-end balance sheet is $100,100

The typical firm in a perfectly competitive market earns zero economic profit in the long run because: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a firms in competitive markets tend to focus on revenue rather than profit. b U.S. law is designed so that taxes on earnings will eliminate profits. c there are no barriers preventing new firms from entering the market in the long run. d it is illegal for firms in a market that is comprised of many firms to continue to earn positive economic profit.

Answers

Answer:

c. there are no barriers preventing new firms from entering the market in the long run.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

In a perfectly competitive market in long-run equilibrium, a long-run equilibrium avails firms the opportunity to adjust all inputs and all fixed costs are maximized. Also, it's characterized by free entry and exit, as such there isn't a fixed number of firms. This simply means that, since the number of firms in a long-run equilibrium can change, a firm must exit the market as a result of losses i.e when the firm is unable to cover its fixed costs in the long-run while new firms are allowed entry into the market when it anticipates potential profits or gains.

However, the firms always strive to maximize profits by increasing their level of output, such that P = MC. Also, the firms wouldn't be willing to leave or enter into the market because they are not making any profit, such that P=AC.

In a nutshell, in the long run equilibrium P=MR=MC and P=AC.

Therefore, a typical firm in a perfectly competitive market earns zero economic in the long run because there are no barriers preventing new firms from entering the market in the long run.

Bauer Manufacturing uses departmental cost driver rates to allocate manufacturing overhead costs to proudcts. Mnaufacturing overhead costs are allocated on the the bases of Macine hours in the Machining Department on the bases of direct labor hours. In the Assembly Department. At the beginning of 2018, the following estimates were provided for the coming year:
Machining Assembly
Direct labor - hours 40,000 40,000
Machine - hours 50,000 20,000
Direct labor costs $500,000 $900,000
Manufacturing overhead costs $280,000 $360,000
The accounting records of the company show the following data for Job #316
Machine Assembly
Direct labor - hours 120 65
Machine - hours 50 5
Direct material cost $425 $175
Direct labor cost $275 $300
WHat are the total manufacturing costs for Job #316
Which of the following are correct? (Please show ALL calculations)
A. $2,040
B. $1,960
C. $1,175
D. $1,440

Answers

Answer:

See below

Explanation:

Total manufacturing cost = direct material cost + direct labor cost + manufacturing overhead cost

Where

Direct material cost = Machining direct material cost + assembly direct material cost

= $425 + $175

= $600

The direct labor cost = Machining direct labor cost + Assembly direct labor cost

= $275 + $300

= $575

The machining overhead cost = Manufacturing overhead costs / Machine hours

= $280,000 / 50,000

= $5.6

So, cost = $5.6 × 50 = $280

Assembly overhead cost = Manufacturing overhead costs / direct labor hours

= $360,000 / 20,000

= $18

So, the cost = $18 × 65 = $1,170

= $600 + $575 + $280 + $1,170

= $2,625

What type of planning do you think Gordon Bernard is doing?

Answers

Answer:

I think he is planing to do something to help the world

lol I don't when know tbh lol

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