Answer:
Rordan Corporation Direct Labor Budget
1st 2nd 3rd 4th
Quarter Quarter Quarter Quarter
Direct labor time per unit (hours) 0.35 0.35 0.35 0.35
Total direct labor hours needed 2,800 2,275 2,450 2,625
Regular hours 2,600 2,600 2,600 2,600
Overtime hours 200 0 0 25
Wages for regular hour $31,200 $31,200 $31,200 $31,200
Overtime wages 3,600 0 0 450
Total direct labor costs $34,800 $31,200 $31,200 $31,650
Explanation:
a) Data and Calculations:
Rordan Corporation
Quarterly production forecast for the upcoming fiscal year:
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Units to be produced 8,000 6,500 7,000 7,500
Direct labor hours 2,800 2,275 2,450 2,625
Regular hours 2,600 2,600 2,600 2,600
Overtime hours 200 25
Wages for regular hour $31,200 $31,200 $31,200 $31,200
Overtime wages 3,600 0 0 450
Total direct labor costs $34,800 $31,200 $31,200 $31,650
Each unit requires 0.35 direct labor-hours, and direct laborers are paid $12.00 per hour.
Regular wages = $2,600 * $12 = $31,200
Overtime wages = 200 * $12 * 1.5 = $3,600
Based on the relationship and agreement with the vendors, what are the 2 vendor workflow options to pay your vendors?
Answer:
1.Bill > Pay Bills
2.Create Purchase Order
Explanation:
Vendors plays a very important role in any industry or in organization. Sometimes they are also known as the suppliers. They supplies or provides few raw materials or few components to the client company which in an integral or a very important part or component of the company's product that they manufacture.
And there is an agreement between the client company and the vendor about the payment systems. The client company releases a purchase order for the order of the parts that they are going to buy from the vendor and places the order. The vendor after receiving the PO or the purchase order sends the ordered parts or items to the client company with an invoice showing the details of costing of the items. After that the client company pays the bill to the vendor company.
Suppose that Robin withdrawals $100 of cash from her checking account at Trendy Bank and uses it to buy a camera from Adam, who deposits the $100 in his checking account in Gotham Bank. Assuming a reserve ratio of 10% and no initial excess reserves, determine the extent to which:
Answer:
The alternative including its query is presented throughout the explanation section below.
Explanation:
(a)
The strategic petroleum insufficiency should also be,
= [tex]100-0.10\times 100[/tex]
= [tex]90[/tex]
This means that the financial institution would have to start reducing its loan payments as well as currency exchange by $90.
(b)
Yes, you can significantly raise your loan deposit accounts secure manner. Early years setting throughout Serenity Bank would be increased, therefore the proportion of total reserves would indeed be $90.
The margin requirement of spending in the market hasn't started to change since the percent impact would be similar. Robin's account was whittled down by $100, as well as Adam's payment was continued to increase whilst also $100. So there's no modification throughout the monetary policy.
A company starts a technology organization dedicated to training high school students in the use of the latest program languages. How can the company justify creating and funding such an organization since it is not about its primary products
The correct answer to this open question is the following.
You forgot to attach the options for this question. However, by doing research we can answer the following.
The company justifies creating and funding such an organization since it is not about its primary products for the following reason: "The funds spent on the tech organization will increase the number of qualified tech people in the society and community."
And action like can justify the funds to create the technology organization dedicated to training high school students in the use of the latest program languages. The reason? It is an action aimed to strengthen the public image of the company by doing some actions that impact and benefit the community. The organization will help people to learn more about technology and be more interested in a career in technology.
Alyssa is opening a bicycle shop, and her monthly expenditures to get the shop up and running exceed her monthly income. Alyssa is best described as
Answer: as a borrower or as a demander of funds
Explanation:
From the question, we are informed that Alyssa is opening a bicycle shop, and her monthly expenditures to get the shop up and running exceed her monthly income.
Since Alyssa's expenditure is more than the income generated every month, it shows that she's a demanded of funds as she borrows more than what she earns.
Lucas Diving Supplies Company, in its first year of business, had labor costs of $66,000, overhead costs of $98,000, materials purchases of $22,000, and ending materials and work-in-process inventories of $1,000 and $2,000, respectively. What is the amount of cost of goods manufactured in the first year of operations
Answer:
the cost of goods manufactured is $183,000
Explanation:
The computation of the cost of goods manufactured is shown below:
Cost of goods manufactured = Labor cost + direct material purchased + overhead cost - ending balance of material - ending balance of work in process
= $66,000 + $22,000 + $98,000 - $1,000 - $2,000
= $183,000
Hence, the cost of goods manufactured is $183,000
What is the PV of an annuity due with 5 payments of $7,900 at an interest rate of 5.5%? a. $41,997.01 b. $40,573.38 c. $41,285.20 d. $43,776.54 e. $35,590.69
Answer:
PV= $35,590.69
Explanation:
First, we need to calculate the future value using the following formula:
FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}
A= annual payment
FV= {7,900*[(1.055^5) - 1]} / 0.055 + {[7,900*(1.055^5)] - 7,900}
FV= 44,090.62 + 2,424.98
FV= 46,515.6
Now, we can determine the present value:
PV= FV/(1+i)^n
PV= 46,515.6 / (1.055^5)
PV= $35,590.69
The Kaizen approach to change: Select one: a. favors the use of a large number of small local projects b. has to be led by a team of experts appointed by management c. is based on breakthrough strategies d. has to be company-wide
Answer:
A)favors the use of a large number of small local projects
Explanation:
Kaizen approach can be regarded as an approach that enables continuous improvement as a result of the idea which focus that a small as well as a continuous positive changes can give rise to tangible improvements. This approach focus on commitment as well as cooperation. It should be noted that The Kaizen approach to change favors the use of a large number of small local projects.
Your company is considering two investments: buying 10% of the sharesin a publicly traded American company that owns five power generation units in Paksitan, or partnering equally with one other private company in building a new power generation unit in Pakistan. For which project would the required return be higher? Cite two reasons why?
Answer:
First project
Explanation:
The 2 options/ project been considered:
1. Buying 10% of shares in a publicly traded american company that owns five power generation units in Pakistan
2. To be partner with equal share with one private company in building a new power generation unit in Pakistan
The first option/project would have a higher required return because:
- This company is already settled in the country having five power generation units in Pakistan. All these units are running and making profit.
- Investment Option 2 is high riskier as we do not know the details of the new company and there are so many unforeseen circumstances surrounding establishing such project in the company. It will also take time to establish in order to start make it profitable.
sorry that wasn't the right answer but I love the effort you put into it!
The following can be considered as international barriers:
A•Economic and technological
B• Political and legal
C •Social and cultural
D• all of the above
E•none of the above
Answer:
the answer is the last one e
You and your friend bought the exact same TV and paid 7% sales tax on the purchase. Your friend eams three times as much money as you. Which tax system is this? (5 points)
-Regressive
-Progressive
-indirect
-Direct
Answer:
-Regressive
Explanation:
A regressive tax system imposes a greater tax burden on low-income earners. Imposing a uniform tax rate on everyone regardless of their income is an example of a regressive tax system. High-income earners will be left with more money to spend if the tax rate is the same for everyone.
Since this friend earns three times more, the sales tax will not have a lot of effect on their income. The sales tax will have a significant impact on the low-income earner as it will take away a sizeable part of their disposable income.
A bond has a 7.5% annual coupon rate with 4 years to maturity and pays annual coupon. par value is $1000
1.1 What is the price of the bond if the yield to maturity is 5%
1.2 What is price of the bond if the yield to maturity increases by 0.2%?
1.3 What is the % change in the price of the bond when yield increases by 0.2%?
1.4 What is the bond duration? (YTM 5%)
1.4 What is the modified duration? (prevailing bond yield 5%)
1.5 Using the modified duration, what is the percentage change in the price if the yield increases by 0.2%
1.6 What can you conclude regarding the error-estimate based on the modified duration?
Answer:
1.1 Inflow (Coupon payment ) = $1000 * 7.5% = $75
Year Inflows Pvf at 5% Present value
1 75 0.952381 71.43
2 75 0.907029 68.03
3 75 0.863838 64.79
4 75 0.822702 61.70
4 1000 0.822702 822.70
Total 1,088.65
Price of Bond, when yield to maturity is 5% = $1088.65
1.2 Year Inflows Pvf at 5.2% Present value
1 75 0.95057 71.29
2 75 0.9035839 67.77
3 75 0.85892 64.42
4 75 0.816464 61.23
4 1000 0.816464 816.46
Total 1,081.18
Price of Bond, when yield to maturity is 5.2% =$1081.18
1.3 Change in price of Bond = (Decrease in price of bond / price of bond ) * 100
= $7.47 / 1088.65 *100
= 0.69%
Change in price of Bond when yield increases by 0.2%( i.e Decrease in price of bond)
= $1088.65 - $ 1081.18
= $7.47
1.4 Year Inflows Pvf at 5% P. value Year*P. value
1 75 0.9523809 71.43 71.43
2 75 0.907029 68.03 136.05
3 75 0.863838 64.79 194.36
4 75 0.822702 61.70 246.81
4 1000 0.822702 822.70 3,290.81
Total 1,088.65 3,939.47
Modified duration = Bond duration / ( 1+YTM)
= 3.6187 / ( 1+0.05)
= 3.446
Bond Duration = Sum of (PV of inflows) / Sum of (Year*PV of inflows)
= $3,939.47 / $1088.65
= $3.6187
1.5 % Change in price of bond = (-1 * Modified duration * % change in YTM in term of basis point)
= ( -1 * 3.446 * 0.2)
= -0.69 %
Firm A is concerned about the reactions of buyers to the price it sets for its product. Firm B is concerned about the reactions of buyers and its few rivals to the price it sets for its product. Firm C has no control over the price at which its product is sold. Which of the following best describes Firms A, B, and C respectively?
A) a monopolistic competitor, an oligopolist, and a pure competitor.
B) an oligopolist, a monopolistic competitor, and a pure competitor.
C) a monopolistic competitor, a pure competitor, and an oligopolist.
D) a pure competitor, an oligopolist, and a monopolistic competitor.
E) None of the above is correct.
Answer:
A
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
An Oligopoly is when there are few large firms operating in an industry. While, a monopoly is when there is only one firm operating in an industry.
Oligopolies are characterised by:
price setting firms
product differentiation
profit maximisation
high barriers to entry or exit of firms
downward sloping demand curve
Calculate the absolute value of the elasticity of demand for a rise in price from $8 to $9 (which is associated with a fall in the quantity demanded from 3 to 2)
Answer:
The absolute value of the elasticity of demand = 2.664.
Explanation:
a) Data and Calculations:
Change in price = $1 increase ($8 - $9)
Percentage of change in price = $1/$8 = 0.125
Change in quantity demand = 1 decrease (3 - 2)
Percentage of change in quantity demanded = 1/3 = 0.333
Price elasticity of demand = Percentage change in demand/Percentage change in price
= 0.333/0.125 = 2.664
b) Since the absolute value is more than 1, the elasticity of demand is price elastic. A change in price causes a greater change in the quantity demanded.
The consumer price index is reported monthly by the us bureau of labor statistics:________
Incomplete question. I inferred you want an affirmation if the statement is true/false.
Answer:
True.
Explanation:
The US Bureau of Labor Statistics (BLS) a federal agency continuously reports every month the Consumer price index in the United States. For example,
One may ask: What is the consumer price index? Well, in simple terms, it is a measuring scale that calculates how much prices of consumer goods (such as food, energy cost, transportation, etc) changed in the past month. This gives us an overview if there are positive or negative changes in the cost of living is.
Read this excerpt from "President Kennedy's Speech at Rice University."
It is for these reasons that I regard the decision last year to shift our efforts in space from low to high gear as among the most important decisions that will be made during my incumbency in the office of the Presidency.
What does incumbency mean as it is used in this excerpt?
experiment
short visitation
time of service
dominance
Answer:
its the third one
Explanation:
Time of service: incumbency means as it is used in this excerpt. Thus, option C is the correct option.
What is the message of Kennedy's address at Rice University?Kennedy spoke at Rice University to encourage people to support NASA's moon program. Kennedy pledged to send an American astronaut to the moon before the end of the 1960s in what became known as his "We Choose the Moon" address.
In conclusion, we must undertake this endeavor in order to answer these riddles, solve them for the welfare of all mankind, and become the world's premier spacefaring country in order to maintain our leadership in research and industry, our aspirations for peace and security, and our commitments to both ourselves and others.
Beyond those assembled in front of him, his audience included people from all across the world. He prepared for this occasion with the intention of inspiring the country as well as communicating the difficulties of the Cold War and his wish for peace in the nuclear era to other countries. He also wished to keep it short.
Learn more about Kennedy's address at Rice University here:
https://brainly.com/question/27981209
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When Coca-Cola introduced Coke Zero, this was an example of a _____ strategy.
Answer:
B) product line extension
Explanation:
The product line extension refer to the extension of the product that means introduction of a new item in the same category of product in terms of new flavors, colors, sizes, etc
Since in the question it is mentioned that the Coca-cola introduced the coke zero so this represent the product line extension strategy example
Therefore the correct option is B.
The first unit of a product took 400 hours to complete. The firm plans to produce 8 units in the first month and 10 units in the second month. If an 80% learning curve is expected, how many hours will the firm use to work on the product during the second month
Answer:
1,200 hours
Explanation:
Solving mathematically this will be :
y = ax^b
where,
y is the cumulative average time required to produce x units
a is the time required to produce the first unit of output
x is the number of units of output under consideration
b is the log of the Learning Curve % divided by Log 2
The firm use 150 hours to work on the product during the second month
Amount of time used in the first month will be calculated as :
y = 400(8)^(-0.322)
= 204.8 hours (average)
Total for 8 units = 204.8 hours × 8 units
= 1,638.40 hours
Amount of time used for the total months to manufacture 18 units :
y = 400(18)^(-0.322)
= 157.74 hours (average)
Total for 18 units = 157.74 hours × 18 units
= 2,839.32 hours
Therefore,
Hours to be used in the second month = Time on 18 units - Time on 8 units
= 2,839.32 hours - 1,638.40 hours
= 1,200 hours
So, the firm use 1,200 hours in total for the 10 units. Which gives an average of 120 hours per unit
The following data was collected from the manufacturing of an auto component. It represents the diameter (in mm) of that component. What is the UCL for a control chart using this data (z=3)? show working please
Sample Obs 1 Obs 2 Obs 3 Obs 4
1 10 12 12 14
2 12 11 13 16
3 11 13 14 14
4 11 10 7 8
5 13 12 14 13
Answer:
UCL = 14.624
Explanation:
Data Given:
z= 3
And beside the value of z, we are given:
Number of samples = 5
And observations.
First of all, we have to calculate the mean of all the samples.
Sample 1 Mean = [tex]\frac{10+12+12+14}{4}[/tex] = 12
Sample 2 Mean = [tex]\frac{12+11+13+16}{4}[/tex] = 13
Sample 3 Mean = [tex]\frac{11+13+14+14}{4}[/tex] = 13
Sample 4 Mean = [tex]\frac{11+10+7+8}{4}[/tex] = 9
Sample 5 Mean = [tex]\frac{13+12+14+13}{4}[/tex] = 13
Now, add all the means and find out the mean of the sample size.
Mean of the sample size = [tex]\frac{12+13+9+13+13}{5}[/tex] = [tex]\frac{60}{5}[/tex] = 12
Secondly, we have to find out the maximum and minimum of the observations in each sample.
Sample 1 (max, min) = (14,10)
Sample 2 (max, min) = (16,11)
Sample 3 (max, min) = (14,11)
Sample 4 (max, min) = (11,7)
Sample 5 (max, min) = (14,12)
Thirdly, we need to calculate the Range of each sample.
Range = Max - Min
Range 1 = 14-10 = 4
Range 2 = 16-11 = 5
Range 3 = 14-11 = 3
Range 4 = 11-7 = 4
Range 5 = 14-12 = 2
ΣRange = 18
Now, sum all the ranges and divide it by the number of samples n.
(Range-bar) = ΣRange/n
Range-bar = 18/5
Range-bar = 3.6
Now, we need value of A2 for the sample size of 4. So, it can find out from the table of control chart constants which is attached for your reference.
A2 = 0.729
Now, we have all the data required to calculate the UCL.
UCL = (Mean of the sample size) + (A2 * Range-bar)
UCL = (5) + (0.729x 3.6)
UCL = 14.624
Why is constant return to scale incompatible with perfect competition?
Answer:
The constant return to scale is incompatible with perfect competition because in a perfect competition the competitive firm as a price taker exercises no influence over the market price of its product. Therefore, the constant return to scale does not enable the competitive firm to have enough revenue to pay competitive prices for its inputs. Inevitably, a constant return to scale is incompatible with perfect competition.
Explanation:
A constant return to scale suggests that the market value of the inputs equals the value of the outputs. When this situation persists, there is no profit. With this prevailing circumstance, the competitive firm lacks the required resources to compete effectively in the market.
Discuss an example of a work-related project that is able to be broken down into structure, tasks, subtasks, and work packages, and why project management in the form of a CPM/PERT chart would be cost effective.
Answer: CPM/PERT charts are very resourceful tools that help schedule and manage complex projects
Explanation:
CPM/PERT charts are very resourceful tools that help schedule and manage complex projects. A critical path analysis is vital when considering this as it determines the failure or success on the projects. They can also be used for assessing the problems faced during implementation of plans.
PERT is a variant of Critical Path Analysis that takes a more skeptical view of the time needed to complete each project stage.
Computerized order processing system: Hardware a) Installation -> Area Prep -> Tech/Engineer-> Wiring ->Connections b) Testing->Connections->Wiring->Servers
A soap company has been selling their soap to consumers with great success. However, recently they have become aware that their soap is also a tremendous grease cutter and could be sold to industry. Which category of business customers could the company target and why
Answer and Explanation:
As we know that the soap is classified as health care products for the purpose of bathing. Also it acts as a grease cuter or the detergent but in the case of targetting the customers it would be treated as a health care product and commercial one also due to which it could be grown easily. But at the same time it should be ensured that there is no harmful effect
So if it is targeted in both the way than the business would grow in a fastest way that results in earning profits
In a study on coffee consumption and essay writing, the group that is given coffee before writing essays is the ______ group.
Answer: The group to which coffee is given is called the Experimental group.
Explanation:
The group that is being exposed to the coffee before the easy writing is called experiment group.It is also called as treatment group. This is the group which will taste coffee( receive the treatment) and write and essay on it.
They are the ones who is going to taste it and write an essay about its taste ,effect on the body or whatever the essay writing is about.
Later, this group will be compared to the other groups participating in the study.
Inflation and unemployment
Answer:
"Historically, inflation and unemployment have maintained an inverse relationship, as represented by the Phillips curve. Low levels of unemployment correspond with higher inflation, while high unemployment corresponds with lower inflation and even deflation"
Explanation:
hope this helps
U.S. plane manufacturer McDonnell-Douglas has authorized Mitsubishi Heavy Industries, a Japanese company, to use its trademarks, patents, and other proprietary knowledge to manufacture F-15 fighter planes. Mitsubishi Heavy Industries pays McDonnell-Douglas. This is an example of: Group of answer choices
Answer:
Contract Manufactring
Explanation:
From the question, about U.S. plane manufacturer McDonnell-Douglas who has authorized Mitsubishi Heavy Industries, a Japanese company, to use its trademarks, patents, and other proprietary knowledge to manufacture F-15 fighter planes. Mitsubishi Heavy Industries pays McDonnell-Douglas. In this case, This is an example of Contract Manufacturing. Contract manufacturing can be regarded as the way of outsourcing of parts that are needed during the process of manufacturing of a particular product when relating with third party.
Consider the short run and the long run and then choose the statement that is correct.
A. In the short run, other things remaining the same, a given percentage change in the quantity of money brings an equal percentage change in the price level.
B. In the short run, money market equilibrium determines the price level.
C. The real interest rate is independent of the inflation rate in the long run.
D. The real interest rate is dependent on the price level in the long run
Answer:
The correct statement is:
A. In the short run, other things remaining the same, a given percentage change in the quantity of money brings an equal percentage change in the price level.
Explanation:
This economic situation is due to the market forces of demand and supply. Therefore, when the interest rate rises, if everything else remains equal, the opportunity cost of holding money rises. At the same time, the quantity of money demanded in the market decreases.
Assume that the company uses absorption costing. Compute the unit product cost for one barbecue grill.2. Assume that the company uses absorption costing. Prepare an income statement for last year.
Answer:
The full question is "Exercise 6-15 Absorption Costing Unit Product Cost and Income Statement [LO6-1, LO6-2] Chuck Wagon Grills, Inc., makes a single product—a handmade specialty barbecue grill that it sells for $210. Data for last year’s operations follow: Units in beginning inventory 0 Units produced 20,000 Units sold 19,000 Units in ending inventory 1,000 Variable costs per unit: Direct materials $50 Direct labor $80 Variable manufacturing overhead $20 Variable selling and administrative $10 Total variable cost per unit $160 Fixed costs: Fixed manufacturing overhead $700,000 Fixed selling and administrative $285,000 Total fixed costs $985,000 Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one barbecue grill. 2. Assume that the company uses absorption costing. Prepare an income statement."
1. Using absorption costing to compute the unit product cost for one barbecue grill
Particulars Amount
Direct material $50
Direct labor $80
Variable manufacturing overhead $20
Fixed manufacturing overhead $35 ($700000/20000)
Unit product cost $185
2. Assume that the company uses absorption costing. Prepare an income statement.
Particulars Amount
Sales (19000*210) $3,990,000
Less: Cost of goods sold (19000*185) ($3,515,000)
Gross margin $475,000
Less: Selling and administrative expense ($475,000) (19000*10+285000)
Net operating income $0
What account below is not an asset?
A. Capital Stock
B. Inventory
C. Cash
D. Accounts Receivable
Answer:
A. Capital Stock
Explanation:
Accounts are categorized following the accounting equation of assets are equal to equity plus liabilities. Asset accounts track and record the resources that a business owns or controls. Assets being the valuable items that a business uses to generate income or maintain operations.
Equity represents the owner's interest in the business. It comprises capital contributions and retained earnings. Capital stocks belong to equity accounts and not asset accounts.
Using the information below, compute the cash conversion cycle:_______.
Days’ sales in accounts receivable 35 days
Days’ sales in inventory 52 days
Days’ payable outstanding 45 days
a. 51 days.
b. 12 days.
c. 47 days.
d. 42 days.
e. 87 days.
Answer:
42 days
Explanation:
Days sales in account receivable is 35 days.
Day sales in inventory is 52 days
Days payable outs anding is 45 days
Therefore the cash conversion cycle can be calculated as follows
= 35 days+ 52days-45days
= 87 days-45 days.
= 42 days
Suppose that due to a fear that the United States is about to enter a long period of stagnant growth, stock prices fall by 50% on average. Predict what would happen to spending by consumers.
Answer:
spending would increase
Explanation:
Disposable income is either saved (invested) or spent.
If stock prices are expected to fall, individuals would be less willing to save their income and would prefer to spend their income instead.
As a result, spending would increase