Business
Troy Engines, Ltd., manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An outside supplier has offered to sell one type of carburetor to Troy Engines, Ltd., for a cost of $34 per unit. To evaluate this offer, Troy Engines, Ltd., has gathered the following information relating to its own cost of producing the carburetor internally: Per Unit 21,000 Units Per Year Direct materials $ 14 $ 294,000 Direct labor 12 252,000 Variable manufacturing overhead 2 42,000 Fixed manufacturing overhead, traceable 9 * 189,000 Fixed manufacturing overhead, allocated 12 252,000 Total cost $ 49 $ 1,029,000 Required:1. Assuming the company has no alternative use for the facilities that are now being used to produce the carburetors, what would be the financial advantage (disadvantage) of buying 17,000 carburetors from the outside supplier?2. Should the outside suppliers offer be accepted?3. Suppose that if the carburetors were purchased, Troy Engines, Ltd., could use the freed capacity to launch a new product. The segment margin of the new product would be $170,000 per year. Given this new assumption, what would be financial advantage (disadvantage) of buying 17,000 carburetors from the outside supplier?4. Given the new assumption in requirement 3, should the outside suppliers offer be accepted?
Which of the following statements is CORRECT?a. Suppose you are managing a stock portfolio, and you have information that leads you to believe the stock market is likely to be very strong in the immediate future. That is, you are convinced that the market is about to rise sharply. You should sell your high-beta stocks and buy low-beta stocks in order to take advantage of the expected market move.b. Collections Inc. is in the business of collecting past-due accounts for other companies, i.e., it is a collection agency. Collections' revenues, profits, and stock price tend to rise during recessions. This suggests that Collections Inc.'s beta should be quite high, say 2.0, because it does so much better than most other companies when the economy is weak.c. Suppose the returns on two stocks are negatively correlated. One has a beta of 1.2 as determined in a regression analysis using data for the last 5 years, while the other has a beta of %u22120.6. The returns on the stock with the negative beta must have been negatively correlated with returns on most other stocks during that 5-year period.d. If the market risk premium remains constant, but the risk-free rate declines, then the required returns on low-beta stocks will rise while those on high-beta stocks will decline.e. You think that investor sentiment is about to change, and investors are about to become more risk averse. This suggests that you should rebalance your portfolio to include more high-beta stocks
Journalizing Purchases Transactions Journalize the following transactions in a general journal: May 3 Purchased merchandise from Reed, $6,780. Invoice No. 321, dated May 1, terms n/30. 9 Purchased merchandise from Omana, $2,550. Invoice No. 614, dated May 8, terms 2/10, n/30. 18 Purchased merchandise from Yao Distributors, $2,100. Invoice No. 180, dated May 15, terms 1/15, n/30. 23 Purchased merchandise from Brown, $5,240. Invoice No. 913, dated May 22, terms 1/10, n/30.
In its first year of operations, Crane Company recognized $31,700 in service revenue, $7,700 of which was on account and still outstanding at year-end. The remaining $24,000 was received in cash from customers. The company incurred operating expenses of $16,600. Of these expenses, $12,690 were paid in cash; $3,910 was still owed on account at year-end. In addition, Crane prepaid $3,260 for insurance coverage that would not be used until the second year of operations.Required:Calcuate the first year's net earnings under the cash basis of accounting, and calculate the first years net earnings under the accrual basis of accouriting.
The following information is taken from the 2020 general ledger of Swisher Company. Rent Rent expense $48,000 Prepaid rent, January 1 5,900 Prepaid rent, December 31 9,000 Salaries Salaries and wages expense $54,000 Salaries and wages payable, January 1 10,000 Salaries and wages payable, December 31 8,000 Sales Sales revenue $175,000 Accounts receivable, January 1 16,000 Accounts receivable, December 31 7,000 In each case, compute the amount that should be reported in the operating activities section of the statement of cash flows under the direct method. Cash payments for rent $ Cash payments for salaries $ Cash receipts from customers
Who knows about the College called.. IAP ? Would you guys recommend it, or not?Because right now, Im in high school but Im almost going to graduate. And theres so many ppl that I know that want to go to community colleges and so I dont know what to do because what I want to do, you dont need a degree and the college that I want to go to, you are there part time, either online or in person but the problem is .. how do I know if its a scam or not? Because the answer is I dont. Ive been wanting to go here because you can get whatever course you want done fast and they help you get the job that you want ASAP, which its like 6-12 weeks to complete your courses. And the other reason why I want to go here is because its a fair price for each course you want to take. It makes sense though I guess because all of those courses for that college, you dont need a degree but they help you get the job that you want after you take those courses, and I think thats cool but.. like I said, I dont know if its a scam or not. Thats why Im asking on here (lol) because people that I know, family, and my friends, no one knows about this college and I dont want to get my hopes up knowing if its a scam, why even try getting into this college. If I make sense. Hope you guys can help me out. Itll mean a lot, thank you :) . Also, I give Brainliest for whoever wants it! Please no links
Expenses recognition Sun Microsystems uses the accrual basis of accounting and recognizes revenue at the Lime it sells goods or renders services. It applies U.S. GAAP and reports in U.S. dollars. Indicate the amount of expenses (if any) the firm recognizes during the months of June. July, and August in each of the following hypothetical transactions. The firm does the following:a. Pays $180,000 on July 1 for one years rent on a warehouse beginning on that date.b. Receives a utility bill on July 2 totaling $4,560 for services received during June. It pays the utility bill during July.c. Purchases office supplies on account costing $12,600 during July. It pays $5,500 for these purchases during July and the remainder during August. Office supplies on hand on July 1 cost $2,400, on July 31 cost $9,200, and On August 31 cost $2,900.d. Pays $7,200 on July 15 for property taxes on office facilities for the current calendar year.e. Pays $2,000 on July 15 as a deposit on a custom-made delivery van that the manufacturer will deliver on September 30.f. Pays $4,500 on July 25 as an advance on the August salary of an employee.g. Pays $6,600 on July 25 for advertisements that appeared in computer journals during June.
Perez Modems has excess production capacity and is considering the possibility of making and selling paging equipment. The following estimates are based on a production and sales volume of 2,200 pagers. Unit-level manufacturing costs are expected to be $32. Sales commissions will be established at $2.20 per unit. The current facility-level costs, including depreciation on manufacturing equipment ($72,000), rent on the manufacturing facility ($62,000), depreciation on the administrative equipment ($15,600), and other fixed administrative expenses ($77,950), will not be affected by the production of the pagers. The chief accountant has decided to allocate the facility-level costs to the existing product (modems) and to the new product (pagers) on the basis of the number of units of product made (i.e., 6,200 modems and 2,200 pagers). Required a. Determine the per-unit cost of making and selling 2,200 pagers. (Do not round intermediate calculations. Round your answer to 3 decimal places.) b. Assuming the pagers could be sold at a price of $46 each, should Perez make the pagers