Business

JoeFit, Inc. is using the basic FOQ model to manage its inventory for K2 microprocessors. The setup cost per order is $200 and the inventory carrying cost is $0.05 per chip per year. Suppose the company is placing the optimal order quantity in each order and the resulting total annual setup and carrying costs are $32,000. What is the annual demand of the K2 microprocessors
2 Answers
Which phrase best completes the diagram?Macroeconomic Goals for a Society?Stable pricesEconomic growthA. Increased inflationB. Per capita GDPC. Full employmentD. Decreased production
2 Answers
Two law firms in a community handle all the cases dealing with consumer suits against companies in the area. The Abercrombie firm takes 40% of all suits, and the Olson firm handles the other 60%. The Abercrombie firm wins 70% of its cases, and the Olson firm wins 60% of its cases.a. Develop a probability tree showing all marginal, conditional, and joint probabilities.b. Develop a joint probability table.c. Using Bayes rule, determine the probability that the Olson firm handled a particular case, given that the case was won.
1 Answer
What is price discrimination and how do movie theaters and restaurants practice price discrimination?
1 Answer
This type of interest is the most desirable.a. annuallyb. semiannuallyc. quarterly
1 Answer
2. The poor quality of selection will mean extra cost on ... and supervisiona Trainingb. RecruitmentWork qualityd. None of the above
2 Answers
Job 412 was one of the many jobs started and completed during the year. The job required $9,500 in direct materials and 35 hours of direct labor time at a total direct labor cost of $10,400. If the job contained four units and the company billed at 70% above the unit product cost on the job cost sheet, what price per unit would have been charged to the customer
1 Answer
On January 1, 2021, Vacation Destinations issues $35 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (1) (2) (3) (4) (5) Cash Paid Interest Increase in Carrying Date for Interest Expense Carrying Value Value 1/1/2021 $ 32,512,829 6/30/2021 $ 1,050,000 $ 1,137,949 $ 87,949 32,600,778 12/31/2021 1,050,000 1,141,027 91,027 32,691,8051. Were the bonds issued at face amount, a discount, or a premium?2. What is the original issue price of the bonds? (Enter your answer in dollars, not millions. (i.e., $5.5 million should be entered as 5,500,000).)Issue Price: ___3. What is the face amount of the bonds? (Enter your answer in dollars, not millions. (i.e., $5.5 million should be entered as 5,500,000).)Face Amount: ___4. What is the stated annual interest rate?5. What is the market annual interest rate? (Round your answer to the nearest whole percent.)6. What is the total cash paid for interest assuming the bonds mature in 10 years? (Enter your answer in dollars, not millions. (i.e., $5.5 million should be entered as 5,500,000).)
1 Answer
___ requrements are courses that build knowledge and skills in a specific field.A. majorB. general studiesC. specialization D. elective
2 Answers
Neville is a lawyer at a large law firm where he earns a salary of $170,000 per year. He is thinking of leaving the firm to set up his own law office. To do this, he would need to invest $140,000 of his savings, which currently earns 5% in interest each year. He estimates that if he starts a law office, his annual revenue will be $510,000, and his explicit financial costs will be $300,000. How much would Neville earn in economic profits or losses if he starts his own law office
1 Answer
Grouper Inc. has completed the purchase of new Dell computers. The fair value of the equipment is $675,803. The purchase agreement specifies an immediate down payment of $164,000 and semiannual payments of $63,101 beginning at the end of 6 months for 5 years. What is the interest rate, to the nearest percent, used in discounting this purchase transaction?
1 Answer
Maui Resort Inc. determined that the balance in its deferred tax asset account on December 31, 2020, was $50,000. Management reviewed all available positive and negative evidence to estimate that 30% of the deferred tax asset was more likely than not to be realized. The valuation allowance for deferred tax assets has a December 31, 2020, unadjusted balance of $4,000 (credit).Required:Record the entry to adjust the allowance on December 31, 2020.
1 Answer
You just celebrated your first full year in business. You earned$100,000 in revenue and had $65,000 of expenses. The$35,000 you have left is called your...1. Profit2. Sales3. Services4. Expenses5. Goods
1 Answer
A wedding party hired a sole proprietorship to cater their wedding, and the sole proprietorship had an employee handle the entire job. If the entire wedding party gets food poisoning, the principal is liable. The employee of the sole proprietorship is also liable because he handled the entire job.
1 Answer
What is true of a good at a market clearing price?A)There is no competitive market for the good.B)Quantity supplied is greater than quantity demanded.C)Producers must lower inventory in order to increase demand.D)The quantity of a good demanded is equal to the quantity supplied.
1 Answer
describe the difference between real gdp and nominal gdp.
1 Answer
Bank Sohar declares the profit for the year ended 2019-20. They makes profit:a.When bank Sohar asset is less than the liabilityb.When their rate of interest on loan is greater than the deposit ratesc.When their bank liability is greater than their assetsd.When their rate of interest on loan is less than the deposit rates
1 Answer
Fortune, Inc., is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per unit. Sales (in units) are forecasted at 40,000 for January, 60,000 for February, and 50,000 for March. Cost of goods sold is $12 per unit. Other expense information for the first quarter follows. Commissions 10 % of sales dollars Rent $ 17,000 per month Advertising 11 % of sales dollars Office salaries $ 74,000 per month Depreciation $ 55,000 per month Interest 13 % annually on a $210,000 note payable Tax rate 40 % Prepare a budgeted income statement for this first quarter. (Round your final answers to the nearest whole dollar.)
1 Answer
Problem 10-4 Partnership Formation (LO 10.2) Elaine's original basis in the Hornbeam Partnership was $40,000. Her share of the taxable income from the partnership since she purchased the interest has been $70,000, and Elaine has received $80,000 in cash distributions from the partnership. Elaine did not recognize any gains as a result of the distributions. In the current year, Hornbeam also allocated $1,000 of tax-exempt interest to Elaine. Calculate Elaine's current basis in her partnership interest. $fill in the blank 1 1,000
1 Answer
JOURNALIZING SALES TRANSACTIONS. Enter the following transactions in a sales journal. Use a 6% sales tax rate. May 1 Sold merchandise on account to J. Adams, $2,000, plus sales tax. Sale No. 488. 4 Sold merchandise on account to B. Clark, $1,800, plus sales tax. Sale No. 489. 8 Sold merchandise on account to A. Duck, $1,500, plus sales tax. Sale No. 490. 11 Sold merchandise on account to E. Hill, $1,950, plus sales tax. Sale No. 491.
1 Answer
Good interpersonal communication skills can prevent negativity, confusion, conflict andprofitabilityan adverse affect to the company's bottom linelow turnover
1 Answer
Starbright manufactures child car seats, strollers, and baby swings. Starbright's manufacturing costs are budgeted as follows: Factory utilities: $85,000 Factory foremen salaries: $86,000 Machinery setup costs: $30,000 Total manufacturing overhead: $201,000 The company uses activity-based costing to allocate its manufacturing overhead costs to products based on the following schedule: Overhead Cost Allocation Base Estimated Activity Level Factory Utilities Direct labor-hours 14,500 Factory foremen salaries Machine hours 18,850 Setup costs Number of production runs 137 During the current month, the following levels of activities were incurred: Car Seats Strollers Baby Swings Total Direct Labor Costs $ 41,800 $ 71,250 $ 24,700 $ 137,750 Direct Labor Hours 4,400 7,500 2,600 14,500 Machine Hours 5,450 10,000 3,400 18,850 Production Runs 35 62 40 137 Units Produced 1,100 3,000 970 5,070 What are the factory foremen salaries allocated to Car Seats during the current month
1 Answer
The 2017 and 2016 balance sheets of Rabb Corporation follow. The 2017 income statement is also provided. Rabb had no noncash investing and financing transactions during 2017. During the year, the company sold equipment for $15,100, which had originally cost $13,500 and had a book value of $10,500. The company did not issue any notes payable during the year but did issue common stock for $31,000. The company purchased plant assets and long-term investments with cash.Requirements 1. Prepare the statement of cash flows for RabbRabb Corporation for 20172017 using the indirect method.2. Evaluate the company's cash flows for the year. Discuss each of the categories of cash flows in your response.
1 Answer
Jake's Sound Systems has 210,000 shares of common stock outstanding at a market price of $36 a share. Last month, Jake's paid an annual dividend in the amount of $1.593 per share. The dividend growth rate is 4%. Jake's also has 6,000 bonds outstanding with a face value of $1,000 per bond. The bonds carry a 7% coupon, pay interest annually, and mature in 4.89 years. The bonds are selling at 99% of face value. The company's tax rate is 34%. What is Jake's weighted average cost of capital
1 Answer