Answer:
AirBird should help their customers and provide a trial on how to run the application of the Airline on their phones. The trial or demo will help the customers to easily access their requirement.
Explanation:
Customer Relationship Management is important in todays world. There are many competitors available and the bargaining power of customers is high as they can easily switch to other airline because of available alternates. The airline company has launched a program which will help its customers to easily access all the information about the airline. The customers find it easy to access the information they require by just a click on their phone. They can search flights, routes and prices of the flight on their phones.
A merchant plans to sell two models of home computers at costs of $250 and $400, respectively. The $250 model yields a profit of $45 and the $400 model yields a profit of $50. The merchant estimates that the total monthly demand will not exceed 250 units. Find the number of units of each model that should be stocked in order to maximize profit. Assume that the merchant does not want to invest more than $70,000 in computer inventory. (See Exercise 21 in Section 9.2.)
Answer:
That is there is maximum profit when 250 units of $250 model computer and 50 units of $400 model computer is stocked.
Explanation:
Let x represent the number of $250 model and let y represent the number of $400 model. Since the total monthly demand will not exceed 250 units, hence:
x + y < 250 (1)
Also the merchant does not want to invest more than $70,000, hence:
250x + 400y < 70000 (2)
x, y ≥ 0
Plotting the equations using geogebra online graphing tool. The solution to the problem is at (0,0), (200, 50), (250,0), (0, 175).
The profit equation is:
Profit = 45x + 50y
At (0,0); Profit = 45(0) + 50(0) = 0
At (250,0); Profit = 45(250) + 50(0) = $11250
At (0,175); Profit = 45(0) + 50(175) = 8750
At (200,50); Profit = 45(200) + 50(50) = $11500
Therefore the maximum profit is at (200, 50). That is there is maximum profit when 250 units of $250 model computer and 50 units of $400 model computer is stocked.
Assault and battery is a tort not a crime when the action involves people who know each other
Answer:
it is an assault if they know you, but they can choose if you are accused of it.
Explanation:
You want to receive $5000 per month for 20 years in real dollars in an account when you retire in 35 years. The first monthly payment to be received 1 month after you retire. The nominal return on your investment is 9.94 percent and the inflation rate is 3.2 percent. What is the real amount you must deposit each year for 35 years to achieve your goal
Answer:
The real amount you must deposit each year for 35 years to achieve your goal is $5,359.02
Explanation:
To calculate the real amount we need to calculate the real interest rate as follow
1 + Nominal rate = ( 1 + Real rate ) x ( 1 + Inflation rate )
1 + 9.94% = ( 1 + Real rate ) x ( 1 + 3.2% )
1.0994 = ( 1 + Real rate ) x 1.032
1 + Real rate = 1.0994 / 1.032
1 + Real rate = 1.06531
Real rate = 1.06531 - 1
Real rate = 0.06531
Real rate = 6.531% = 6.53%
We need to calculate the PV of the payment that should be received.
Use the following formula to calculate the present value
PV of Annuity = Annuity payment x ( 1 - ( 1 + Interest rate )^-numbers of annuity payments ) / Interest rate
Where
Annuity Payment = $5,000 per month
Interest rate = 6.53% / 12 = 0.5442%
Numbers pf annuity payments = 20 years x 12 payments per year = 240 payment
PLacing values in the formula
PV of Annuity = $5,000 x ( 1 - ( 1 + 0.5442% )^-240 ) / 0.5442%
PV of Annuity = $5,000 x 133.80362
PV of Annuity = $669,018.09
Now calculate the amount of deposit required to receive the payment after retirement.
Use the following formula to calculate the real deposit
Future value of annuity = Annuity Payment x ( 1 + Interest rate )^numbers of annuity payments - 1 ) / Interest rate
Where
Future value of annuity = $669,018.09
Interst rate = 6.53%
Numbers of annuity payment = 35 years x 1 payment per year = 35 payments
Annuity payment = Real amount of deposit = ?
Placing values in the formula
$669,018.09 = Real amount of deposit x ( 1 + 6.53% )^35 - 1 ) / 6.53%
$669,018.09 = Real amount of deposit x 124.83967
Real amount of deposit = $669,018.09 / 124.83967
Real amount of deposit = $5,359.02
The Allied Group is considering two investments. The first investment involves a packaging machine, which can be used to package garments for shipping orders to customers. The second possible investment would be a molding machine that would be used to mold the mannequin parts.
The first possible investment is the packaging machine, which will cost $14,000. The second investment, the molding machine, would cost $12,000. The expected cash flows for the two projects are given below and the cost of capital to the firm is 15%. Both machines will be unusable after five years and have no salvage value.
The net cash flows for the two possible projects are given in the following table:
Year Packaging Machine Molding Machine
0 ($14000) ($12,000)
1 4100 3200
2 3300 2800
3 2900 2800
4 2200 2200
5 1200 2200
Address all of the following questions in a brief but thorough manner.
1. Calculate each project's payback period.
2. Calculate the NPV for each project.
3. Calculate the IRR for each project.
4. If the two projects are independent of each other, which projects, if any, should be selected? Explain why or why not.
5. If the two projects are mutually exclusive, which project, if any, should be selected? Explain why.
Answer:
1. Calculate each project's payback period.
Payback period packaging machine = the positive cash flows are lower than the initial outlay
Payback period molding machine = 4.45 years
2. Calculate the NPV for each project.
Using a financial calculator
NPV for packaging machine = -$4,178.24
NPV for molding machine = -$2,907.50
3. Calculate the IRR for each project.
IRR for packaging machine = -0.86%
IRR for molding machine = 3.5%
4. If the two projects are independent of each other, which projects, if any, should be selected? Explain why or why not.
None should be selected since the NPVs are negative
5. If the two projects are mutually exclusive, which project, if any, should be selected? Explain why.
None should be selected since the NPVs are negative
A start-up company that makes hydraulic seals borrowed $800,000 to expand its packaging and shipping facility. The contract required the company to repay the investors through an innovative mechanism called faux dividends, a series of uniform annual payments over a fixed period of time. If the company paid $250,000 per year for 5 years, what was the interest rate on the loan
Answer:
Internal rate of Return = 17%
Explanation:
Solution:
In order to solve this question, there are two methods to solve. First one is through the use of Factor Tables values, which is bit lengthy. And Second one is through the use of Excel.
Here, I will be solving through the use of Factor Tables.
Using Factor Tables Method:
First we need to know the formula to calculate the interest rate:
P = A x [tex]\frac{(1 + i)^{n} - 1 }{i(1 + i)^{n} }[/tex]
From the above formula, we need to find the P/A.
P/A = [tex]\frac{(1 + i)^{n} - 1 }{i(1 + i)^{n} }[/tex]
Where, P = $800,000
A = $250,000
So, the P/A = 3.2
Now, you need to check out the factor tables for the value interest rate against the value of P/A 3.2 for 5 years.
You will get interest rate of 16% for P/A 3.2743 for 5 years,
And
You will get interest rate of 18% for P/A 3.1272 for 5 years.
But, our P/A value is 3.2 only and it lie between these two points.
So, now, we need to find the internal rate of return which will be our correct answer.
Internal Rate of Return = [tex]i_{a}[/tex] + [tex]\frac{(P/A)_{a} - (P/A)_{c} }{(P/A)_{a} - (P/A)_{b} } (i_{b} - i_{a})[/tex]
Where,
[tex]i_{a}[/tex] = 18% = 0.18
[tex](P/A)_{a}[/tex] = 3.1272
[tex]i_{b}[/tex] = 16% = 0.16
[tex](P/A)_{b}[/tex] = 3.2743
By plugging in the values, we will get the internal rate of return.
Internal rate of Return = 0.170
Internal rate of Return = 17%
g Tirri Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 7.30 Direct labor $ 3.45 Variable manufacturing overhead $ 1.35 Fixed manufacturing overhead $ 24,000 Sales commissions $ 1.10 Variable administrative expense $ 0.65 Fixed selling and administrative expense $ 8,400 If the selling price is $27.70 per unit, the contribution margin per unit sold is closest to: Multiple Choice $13.85 $16.95 $10.40 $6.55
Answer:
$13.85
Explanation:
Calculation for what the contribution margin per unit sold is closest to:
Selling price $27.70 per unit,
Less Direct materials ($ 7.30)
Less Direct labor ($ 3.45)
Less Variable manufacturing overhead ($ 1.35 )
Less Sales commissions ($ 1.10)
Less Variable administrative expense ($ 0.65)
Contribution margin per unit sold $13.85
Therefore the contribution margin per unit sold is closest to: $13.85
Dioxin emission that results from the production of paper is a good example of a negative externality because a. self-interested paper producers will not consider the full cost of the dioxin pollution they create. b. self-interested paper firms are generally unaware of environmental regulations. c. toxic emissions cause firms to produce less than the socially optimal amount of paper. d. there are fines for producing too much dioxin.
Answer:
a. self-interested paper producers will not consider the full cost of the dioxin pollution they create.
Explanation:
Externality basically causes the market to produce a large amount or little amount of goods and service, thereby causing an inefficient distribution or allocation of resources.
Therefore, when the manufacturing or consumption of a particular product by the consumers leads to an additional cost for a third party, it is known as negative externality.
Hence, Dioxin emission that results from the production of paper is a good example of a negative externality because self-interested paper producers will not consider the full cost of the dioxin pollution they create.
One year ago, Deltona Motor Parts deposited $17,500 in an investment account for the purpose of buying new equipment three years from today. Today, it is adding another $21,000 to this account. The company plans on making a final deposit of $13,000 to the account one year from today. How much will be available when it is ready to buy the equipment, assuming the account pays 5.5 interest
Answer:
$58,445.13
Explanation:
Calculation for How much will be available when it is ready to buy the equipment, assuming the account pays 5.5 interest
Using this formula
FV= PV*(1+i)^n
Let plug in the formula
First deposit= 17,500*(1.055^4)
First deposit= $19,316.73
Second deposit=21 ,000*(1.055^3)
Second deposit= $24,659.07
Third deposit= 13,000*(1.055^2)=
Third deposit=$14,469.33
Total= $58,445.13
Therefore How much will be available when it is ready to buy the equipment, assuming the account pays 5.5 interest is $58,445.13
If real GDP grew by 6 percent and population grew by 2 percent, then real GDP per person grew by approximately ______ percent.
Answer:
3%
Explanation:
Real GDP per person is a measure of the economic wellbeing of the populace of a country.
Real GDP per person = Real GDP / population
6% / 2% = 3%
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.
The current spot exchange rate is $1.55/€ and the three-month forward rate is $1.50/€. Based on your analysis of the exchange rate, you are confident that the spot exchange rate will be $1.52/€ in three months. Assume that you would like to buy or sell €1,000,000. What actions do you need to take to speculate in the forward market? Group of answer choices Sell euro today at the spot rate, buy them forward. Take a long position in a forward contract on €1,000,000 at $1.50/€. Buy euro today at the spot rate, sell them forward. Take a short position in a forward contract on €1,000,000 at $1.50/€.
Answer:
The answer is "Take a long position in a forward contract on €1,000,000 at $1.50/€".
Explanation:
In the long position cause the purchasing of the money, and it will be paying: [tex](1.5 \times 1,000,000) = \$ 1,500,000[/tex]
And you're also planning to sell and get on the markets: [tex](1.52 \times 1,000) = \$ 1,520,000.[/tex]
Therefore, you'll get: [tex]\$1,520,000 - \$1,500,000 = \$20,000.[/tex]
A company purchased a new delivery van at a cost of $46,000 on July 1. The delivery van is estimated to have a useful life of 4 years and a salvage value of $3,400. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the van during the first year ended December 31?
Answer:
The amount of depreciation expense that will be recorded for the van during the first year ended December 31 is $5,325.
Explanation:
Since the company uses the straight-line method of depreciation, the annual depreciation expenses can first be calculated using the following formula:
Annual depreciation expense = (Cost of the asset - Salvage value) / Useful life ............ (1)
Where;
Cost of the asset = $46,000
Salvage value = $3,400
Useful life = 4
Substituting the values into equation (1), we have:
Annual depreciation expense = ($46,000 - $3,400) / 4
Annual depreciation expense = $10,650
Since July 1 to December 31 is just half of the year, the amount of depreciation expense that will be recorded for the van during the first year ended December 31 is the halve of the annual depreciation expense that can be calculated as follows:
Depreciation expense to be recorded = Annual depreciation expense / 2 = $10,650 / 2 = $5,325
For the backpack buyer, note the importance of each of the five main characteristics under PREFERENCES and consider each in terms of the five steps. Why are CAPACITY and WATERPROOF the most influential preferences in buyer behavior for the Outdoor Enthusiast?
Answer:
Outdoor enthusiasts love to spend time in nature. One of the ways they do so is by traveling, hiking, cycling, etc. Many times they need to carry equipment that's heavy and are exposed to all manner of weather elements such as fog, rain, heat, etc.
So if the bag cannot contain many items, it's usually a put-off for them. Also, any outdoor person would want their personal items to remain dry regardless of the weather.
This is the reason why for them, both Capacity and Waterproof scores as high as 83% amongst the other factors that influence their demand for a backpack.
Cheers
Outdoor Enthusiasts can consider a large backpack—one that can handle the elements—since they are likely hiking or camping for more than a day.
What are the outdoor enthusiasts ?The outdoor enthusiast is those who like to travel outside their country and loves recreation. They take part in various activities like sports, music, outdoor adventure sports like Bungy rope, scuba diving and thus take on with themselves a backpack that consists of all stuff that is required for the adventurous destination. Their backpacks include all-weather camping gear and emergency equipment.
Find out more information about the backpack buyer.
brainly.com/question/13763238.
Your boss on the West Coast says he needs your updated spreadsheet by 5:00 on Friday. You assume he means Pacific time, but you are working in Washington, DC. You submit your updates at 6:00 Eastern time and consider yourself two hours within the deadline. When you arrive at work on Monday morning, there is a scathing e-mail in your inbox. It turns out your boss, knowing you were in Washington, DC, was translating time for you and meant 5:00 Eastern time. This misunderstanding happened because your boss used
Answer:
equivocal terms.
Explanation:
Since in the question it is mentioned that your boss needs the updated sheet by 5:00 on friday but you presume that it means the pacific time and according to this you submit the updated at 6:00 but at the morning morning there would be a scathing email so this misunderstanding would be occured due to equivocal terms as it deals with the multiple meanings
Colter Steel has $4,800,000 in assets. Temporary current assets $ 1,600,000 Permanent current assets 1,530,000 Fixed assets 1,670,000 Total assets $ 4,800,000 Assume the term structure of interest rates becomes inverted, with short-term rates going to 12 percent and long-term rates 2 percentage points lower than short-term rates. Earnings before interest and taxes are $1,020,000. The tax rate is 40 percent. If long-term financing is perfectly matched (synchronized) with long-term asset needs, and the same is true of short-term financing, what will earnings after taxes be
Answer:
Long-term financing need:
Permanent current assets $1,530,000
Fixed assets $1,670,000
Total $3,200,000
Short-term financing need:
Temporary current assets $1,600,000
Long-term interest expense $320,000
Short-term interest expense $192,000
Total interest expense $512,000
EBIT $1,020,000
Interest expense $512,000
Earnings before taxes $508,000
Taxes $203,200
Earnings after taxes $304,800
Workings:
Long-term interest expense =10%× $3,200,000 = $320,000
Short-term interest expense =12% × $1,600,000 = $192,000
Taxes = 40% × $508,000 = $203,200
Jim and Joan owned a farm which produced fruits and vegetables for sale. The farm was located in a heavily populated area. Every year, hundreds of customers came to buy produce from them at the farm. One day, customers were surprised to see that the farm stand was gone and that Jim and Joan had sold the property for a much higher price than farm land would normally cost. Which principle of value did the appraiser use in determining the value of the property?
Answer:
Highest and best use
Explanation:
The highest and best use principle explains the probable as well as reasonable and legal use of lands that are vacant as well as improved property. This property or land must be financially feasible and be supported appropriately so that the result gives highest value.
What are 2 ways to add a customer to QuickBooks Online?
Answer:
-go to sales
-select the cutomers tab
Explanation:
kapoy explain iparok ka ron
Help ASAP!!
1. Are you interested in being an entrepreneur?
2. Which habits do you do already?
3. Which habits would you like to adopt? Explain.
Answer: See explanation
Explanation:
An entrepreneur is someone who creates a business in order for the person to make profit. We should note that the person also bears the risk that are involved in the business.
1. Are you interested in being an entrepreneur?
I am interested in being an entrepreneur. Being an entrepreneur will aid the economic growth and development of the country and also enhance the standard of living of the people which works with me.
2. Which habits do you do already?
Some of the habits I already do from the picture include:
• Giving a head start to tomorrow today.
• Tracking my origress
• Continuing learning
• Tracking my progress.
• Refreshing my self with quality family time.
3. Which habits would you like to adopt?
Some of the habits that I'll like to adopt include:
• Keeping the morning for the toughest jobs.
• Workout and meditate
To complete the model of international trade using the PPF, we must also use the idea of indifference curves. One of these curves represent: * a set of alternate quantities of both goods (sloped negatively), whereby consumers are equally satisfied in their level of utility gained. a fixed quantity of one good (such as wheat) and a varying amount of the other good. consumers who are indifferent to everything. producers who do not care which production method is chosen.
Answer:
The answer is "The first choice".
Explanation:
In this model the international exchange, its limitation of output, commonly called PPF, that is just a sequence with products in which the customers want a degree of power is derived from of the set and in other terms indifference from the whole category of products, which is why the set of alternate amounts from both goods (negative slopes) satisfy customers equally.
4-8 A manufacturing firm spends $350,000 annually for a required safety inspection program. A new monitoring technology would eliminate the need for such inspection. If the interest rate is 8% per year, how much can the firm afford to spend on this new technology
Answer:
$3,436,351.59
Explanation:
The computation of the amount that could be afforded to spend is shown below:
= Amount × (P/A, 8%, 20 years)
= $350,000 × 9.8181
= $3,436,351.59
We simply applied the above formula so that the correct value could come
And, the same is relevant too
Two examples of factors of production
Answer:
land, labor, entrepreneurship, and capital
Explanation:
An investment, which has an expected return of 5.9%, is expected to make annual cash flows forever. The first annual cash flow is expected in 1 year and all subsequent annual cash flows are expected to grow at a constant rate of 2.5% per year. We know that the cash flow expected in 1 year from today is expected to be $4,500. What is the present value (as of today) of the cash flow that is expected to be made in 3 years from today
Answer:
$3,980.82
Explanation:
Rate per annum = 5.9%
Number of years = 3
No of compounding per annum = 1
Rate per period = 5.9%
Number of period = 3
Future value = 4500*(1+0.025)^2 = $4727.81
PV of 3 years cashflow = Fv * [1/[(1+r)^n]]
PV of 3 years cashflow = $4727.81 * [ 1 / (1+5.9%)^3]
PV of 3 years cashflow = $4727.81 * [1 / 1.059^3]
PV of 3 years cashflow = $4727.81 * 1/1.187648379
PV of 3 years cashflow = $4727.81 * 0.842000057
PV of 3 years cashflow = $3980.81628948517
PV of 3 years cashflow = $3,980.82
has assets with a market value of $100 million, $10 million of which are cash. has debt of $40 million, and 10 million shares outstanding. Suppose that distributes $10 million as a dividend. Assuming perfect capital markets, what will new market debt-equity ratio be after the dividend is paid
Answer:
See below
Explanation:
First, we need to calculate new stock price.
Current stock price = (Assets market value - debt) / Number of shares outstanding.
= (100 - 40)/10
= $6
Assets value after dividend distribution = 100 - 10
= 90
Number of shares purchased = 10/6 = 1.667 million shares
New stock price = (90 - 40)/(10 - 1.667)
= $7.20
Debt equity ratio = Debt / Equity
Equity = Stock price × number of shares
= $ (7.20 × (10 - 1.667)
= $ (7.2 × 8.33)
= $60
Debt = 40
Debt equity = 40/60 = 0.667 times
A key feature of business is that it facilitates an exchange of
Answer:
type ''value''
Explanation:
i took the test
Bob manages a cafe. He pays $50,000 for labor and $7,000 for space rental every month. He chose the current space and gave up another site which costs $8,000/month. Bob also refused an acquistion proposal of $600,000 raised by a restaurant. The proposal plans to close down the cafe. What is the opportunity cost in this case
Answer:
$600,000
Explanation:
Opportunity cost also known as implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
the next best option to Bob is to sell the cafe. If he did, he would have earned $600,000. This is his opportunity cost.
$50,000 constitutes a variable cost while $7000 is a fixed cost.
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
If production is zero or if production is a million, Rent payments do not change - it remains the same no matter the level of output.
Variable costs are costs that vary with production
If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.
You plan to retire in 30 years and plan to contribute the same amount of money each year to your retirement fund. The fund earns 7% compounded annually. If you would like to withdraw $100,000 each year for 20 years, starting 1 year after the last contribution is made. Approximately how much money should you contribute to your retirement fund each year
Answer:
$11,215.24
Explanation:
After retirement:
Annual Withdrawal = $100,000
Period = 20 years
Annual Interest Rate = 7%
Amount required at retirement = $100,000 * PVIFA(7%, 20)
Amount required at retirement = $100,000 * (1 - (1/1.07)^20) / 0.07
Amount required at retirement = $100,000 * 10.5940
Amount required at retirement = $1,059,400
Before retirement:
Period = 30 years
Annual Deposit * FVIFA(7%, 30) = $1,059,400
Annual Deposit * (1.07^30 - 1) / 0.07 = $1,059,400
Annual Deposit * 94.46079 = $1,059,400
Annual Deposit = $11,215.24
So, you should contribute $11,215.24 each year into your retirement fund.
It is important for pharmaceutical companies to think of the physiological balance of the body when they create a drug. Unfortunately, not every drug made can be easily taken into the cell or withstand stomach acids. Describe 2 possible methods that could be used to overcome these issues and make a drug available in the body. (2 points)
Answer: Proper examination and test
Explanation:
Due to the nature of how delicate the health sector is, drugs should be taken through some crucial steps before they are administered for the general public or those who would be taken them. Here are what to consider;
1) A thorough examination should be carried out on drugs produced.
2) Various tests should be carried out with the drugs, especially on animals before guaranteed to be used for humans
Suppose the rate of return on short-term government securities (perceived to be risk-free) is about 5%. Suppose also that the expected rate of return required by the market for a portfolio with a beta of 1 is 14%. According to the capital asset pricing model: a. What is the expected rate of return on the market portfolio
Answer:
The expected rate of return on the market portfolio is 14%.
Explanation:
The expected rate of return on the market portfolio can be calculated using the following capital asset pricing model (CAPM) formula:
Er = Rf + B[E(Rm) - Rf] ...................... (1)
Where:
Er = Expected rate of return on the market portfolio = ?
Rf = Risk-free rate = 5%
B = Beta = 1
E(Rm) = Market expected rate of return = 14%
Substituting the values into equation (1), we have:
Er = 5 + 1[14 - 5]
Er = 5 + 1[9]
Er = 5 + 9
Er = 14%
Therefore, the expected rate of return on the market portfolio is 14%.
Way Cool produces two different models of air conditioners. The company produces the mechanical systems in its components department. The mechanical systems are combined with the housing assembly in its finishing department. The activities, costs, and drivers associated with these two manufacturing processes and the production support process follow. Process Activity Overhead Cost Driver Quantity Components Changeover $ 627,450 Number of batches 890 Machining 379,155 Machine hours 8,050 Setups 108,000 Number of setups 60 $ 1,114,605 Finishing Welding $ 220,580 Welding hours 4,100 Inspecting 254,200 Number of inspections 820 Rework 47,200 Rework orders 160 $ 521,980 Support Purchasing $ 158,600 Purchase orders 488 Providing space 30,900 Number of units 8,400 Providing utilities 126,180 Number of units 8,400 $ 315,680 Additional production information concerning its two product lines follows. Model 145 Model 212 Units produced 2,800 5,600 Welding hours 800 3,300 Batches 445 445 Number of inspections 510 310 Machine hours 2,750 5,300 Setups 30 30 Rework orders 90 70 Purchase orders 325 163 Required: 1. Using ABC, compute the overhead cost per unit for each product line. 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $200 for Model 145 and $112 for Model 212. 3. If the market price for Model 145 is $515.95 and the market price for Model 212 is $303.34, determine the profit or loss per unit for each model.
Answer:
Way Cool
1. Overhead Cost per unit for each product line:
Model 145 Model 212
Overhead cost per unit $434.97 $457.59
2. Total cost per unit for each product line:
Model 145 Model 212
Total cost per unit $634.97 $569.59
3. The profit or loss per unit for each model:
Model 145 Model 212
Market price 515.95 303.34
Loss per unit $119.02 $266.25
Explanation:
a) Data and Calculations:
Process Activity Overheads Driver Quantity Components O/H rates
Changeover $ 627,450 Number of batches 890 $705
Machining 379,155 Machine hours 8,050 $47.10
Setups 108,000 Number of setups 60 $1,800
Total $ 1,114,605
Finishing
Welding $ 220,580 Welding hours 4,100 $538
Inspecting 254,200 Number of inspections 820 $310
Rework 47,200 Rework orders 160 $295
Total $ 521,980
Support Purchasing $ 158,600 Purchase orders 488 $325
Providing space 30,900 Number of units 8,400 $3.68
Providing utilities 126,180 Number of units 8,400 $15.02
Total $ 315,680
Additional production information concerning its two product lines follows.
Model 145 Model 212
Units produced 2,800 5,600
Welding hours 800 3,300
Batches 445 445
Number of inspections 510 310
Machine hours 2,750 5,300
Setups 30 30
Rework orders 90 70
Purchase orders 325 163
Model 145 Model 212
Units produced 2,800 5,600
Welding hours $430,400 (800*$538) $1,775,400 (3,300 * $538)
Batches 313,725 (445*$705) 313,725 (445*$705)
Number of inspections 158,100 (510*$310) 96,100 (310*$310)
Machine hours 129,525 (2,750*$47.10) 249,630 (5,300*$47.10)
Setups 54,000 (30*$1,800) 54,000 (30*$1,800)
Rework orders 26,550 (90*$295) 20,650 (70*$295)
Purchase orders 105,625 (325*$325) 52,975 (163*$325)
Total overhead costs $1,217,925 $2,562,480
Units produced 2,800 5,600
Overhead cost per unit $434.97 $457.59
Direct labor and materials 200.00 112.00
Total cost per unit $634.97 $569.59
Market price 515.95 303.34
Loss per unit $119.02 $266.25
The human resource department (HR) of Woodworkers, a furniture manufacturing firm, takes the time and effort
to identify and attract the right type of skilled employees required to manufacture premium furniture. It also trains the employees extensively so that they gain job-related knowledge. Moreover, it has established monthly reward systems so that the employees feel appreciated for their hard work. In this scenario, the activities undertaken by the HR department of Woodworkers align with the human resource management goal of _____.
a. adhering to legal business guidelines
b. complying with social obligations
c. creating an ethnocentric work environment
d. enhancing productivity and quality Management
Answer:
The answer is "Option d".
Explanation:
The productivity and quality control rise in connection with customer satisfaction, in which productivity is the relationship between the number of inputs and outputs, and it is necessary to produce a service is a productivity, and the quality is the calculation, that how flawless a material changes steel production quality or function may reduce product quality.
These activities carried out by the Woodworkers Human resources department throughout the scenario fit with the management objective of increasing productivity and quality control.
An unacceptable treatment for the presentation of current liabilities is: A : Listing current liabilities according to amount. B : Showing current liabilities immediately below current assets to obtain a presentation of working capital. C : Offsetting current liabilities against assets that are to be applied to their liquidation. D : Listing current liabilities in order of maturity.
Answer:
The answer is c!
Explanation: