Answer:
37.88 %
Explanation:
The weight on preferred stock mean, what percentage out of the Total Market Value of the Sources of Capital pooled together is taken by Preferred Stock.
Weight on preferred stock = Market Value of Preferred Stock / Total Market Value of Sources of Capital x 100
where,
Market Value of Preferred Stock = $2.5 million
and
Total Market Value of Sources of Capital :
Debt $2.3 million
Preferred Stock $2.5 million
Common Equity $1.8 million
Total $6.6 million
therefore,
Weight on preferred stock = $2.5 million / $6.6 million x 100 = 37.88 %
What is the best way to deal with a negative experience with a past employer or job if it comes up during your interview?
The best way to deal with a negative experience with a past employer or job is to answer honestly and briefly as possible without appearing to avoid the question.
What do you mean by Negative experience?A negative experience is an unpleasant, depressing, or harmful situation. Research says that negative experiences can help to boost meaning because they cause comprehension.
Try to use impartial language and end on a positive note if possible. You might include some positive experiences, something that you learned from the experience that will prove valuable for the current position you are seeking.
Provide a brief overview of your former employment, including how long you were working there, your duties, and any transferable skills you gained.
Therefore, Rather than complaining focus on your goals.
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Fierce is a product of the Ferris Company. Ferris's sales forecast for Fierce is 1,150 units, and they currently have 186 units on hand. Chester wants to have an extra 10% on hand above their forecasted units in case sales are better than expected, to avoid stocking out. Taking current inventory into account, what will Fierce's Fulfillment After Adjustment have to be in order to have a 10% reserve of units available for sale
Answer:
1,079 units
Explanation:
Fierce company forecast sales = 1150 units
Let this 1150 units be = 100%
Chester wanting to make a surplus of 10% means the total production will be = 110%
So, lets consider 1150 units as 100%
Then, 110% will be = (1150 units/100)*110 = 1265. So, Fierce fulfillment before Adjustment is 1,265 units
Fierce fulfillment after adjustment = 1,265 units - 186 units = 1,079 units
So, Fierce's Fulfillment after adjustment have to be 1,079 units in order to have a 10% reserve of units available for sale.
Brenda, a self-employed taxpayer, travels from Chicago to Barcelona (Spain) on business. She is gone 10 days (including 2 days of travel) during which time she spends 5 days conducting business and 3 days sightseeing. Her expenses are $1,500 (airfare), $200 per day (meals), and $400 per night (lodging). Because Brenda stayed with relatives while sightseeing, she only paid for 5 nights of lodging. What is Brenda's deduction for: If required, round your answers to the nearest dollar.
Answer:
Airfare $1,050
Meals $700
Lodging $2,000
Explanation:
Calculation to determine Brenda's deduction
a. Calculation to determine Brenda's deduction for Airfare
Airfare=(70% × $1,500)
Airfare=$1,050
Therefore Brenda's deduction for Airfare is $1,050
b.Calculation to determine Brenda's deduction for Meals
Meals=[(200/2)*7]
Meals=$700
Therefore Brenda's deduction for Meals is $700
c.Calculation to determine Brenda's deduction
for Lodging
Lodging= [400*5]
Lodging=$2,000
Therefore Brenda's deduction
for Lodging is $2,000
How can life expectancy and literacy rates affect the quality of labor in the economy?
Answer:
Healthier and better educated labor force = more productive and inventive.
Newell Company completed the following transactions in October:
Credit Sales Sales Returns
Date Amount Terms Date Amount Date of
Collection
Oct. 3 $600 2/10, n/30 Oct 8
Oct. 11 1,700 3/10, n/30 Oct. 14 $400 Oct. 16
Oct. 17 5,000 1/10, n/30 Oct. 20 1,000 Oct. 29
Oct. 21 1,400 2/10, n/60 Oct. 23 200 Oct. 27
Oct. 23 2,300 2/10, n/30 Oct. 27 400 Oct. 28
Indicate the cash received for each collection. Show your calculations. Date of Collection Oct. 8 Oct. 16 Oct. 29 Oct. 27 Oct. 28
Answer:
a. Cash receive on Oct. 8 = $588
b. Cash receive on Oct. 16 = $1,261
c. Cash receive on Oct. 29 = $4,000
d. Cash receive on Oct. 27 = $1,176
e. Cash receive on Oct. 28 = $1,862
Explanation:
a. Oct. 8
Since cash was received within 10 days, it qualified for the stated 2% discount. Therefore, we have:
Cash receive on Oct. 8 = $600 - ($600 * 2%) = $588
b. Oct. 16
Since cash was received within 10 days, it qualified for the stated 3% discount. Therefore, we have:
Cash receive on Oct. 16 = ($1,700 - $400) - (($1,700 - $400) * 3%) = $1,261
c. Oct. 29
Since cash was received outside 10 days, it was NOT qualified for the stated 1% discount. Therefore, we have:
Cash receive on Oct. 29 = $5,000 - $1,000 = $4,000
d. Oct. 27
Since cash was received within 10 days, it qualified for the stated 2% discount. Therefore, we have:
Cash receive on Oct. 27 = ($1,400 - $200) - (($1,400 - $200) * 2%) = $1,176
e. Oct. 28
Since cash was received within 10 days, it qualified for the stated 2% discount. Therefore, we have:
Cash receive on Oct. 28 = ($2,300 - $400) - (($2,300 - $400) * 2%) = $1,862
Answer:
a. Cash receive on Oct. 8 = $588
b. Cash receive on Oct. 16 = $1,261
c. Cash receive on Oct. 29 = $4,000
d. Cash receive on Oct. 27 = $1,176
e. Cash receive on Oct. 28 = $1,862
Explanation:
a. Oct. 8
Since cash was received within 10 days, it qualified for the stated 2% discount. Therefore, we have:
Cash receive on Oct. 8 = $600 - ($600 * 2%) = $588
b. Oct. 16
Since cash was received within 10 days, it qualified for the stated 3% discount. Therefore, we have:
Cash receive on Oct. 16 = ($1,700 - $400) - (($1,700 - $400) * 3%) = $1,261
c. Oct. 29
Since cash was received outside 10 days, it was NOT qualified for the stated 1% discount. Therefore, we have:
Cash receive on Oct. 29 = $5,000 - $1,000 = $4,000
d. Oct. 27
Since cash was received within 10 days, it qualified for the stated 2% discount. Therefore, we have:
Cash receive on Oct. 27 = ($1,400 - $200) - (($1,400 - $200) * 2%) = $1,176
e. Oct. 28
Since cash was received within 10 days, it qualified for the stated 2% discount. Therefore, we have:
Cash receive on Oct. 28 = ($2,300 - $400) - (($2,300 - $400) * 2%) = $1,862
In the aftermath of the BP oil spill in 2010, the Associated Press interviewed an engineering professor at the University of California, Berkeley for his take on what could have led to such a disaster. According to this professor, the BP spill falls into the category of disasters that result when an organization, because of overconfidence and incompetence, simply ignores warning signs. Was this a rational decision
Answer:
BP Oil Spill in 2010
The decision by BP to ignore the warning signs was not a rational decision.
Explanation:
A rational decision-making process employs a structured or logical process to the act of decision-making. Its pillars include logic, objectivity, and analysis. A rational decision-making process does not favor subjectivity and individual insight but relies more on the insight obtained from data analysis. The claim of the professor is a rational one because it is based on objective evidence.
Which of the following is an example of a market statement?
a. Married women.
b. Students attending college.
c. Adults living in a city.
d. Realtors selling homes under $130.000
Answer:
d
Explanation:
Answer:
d.
Explanation:
Market is where people buy and sell things. The only answer which talks about that is d.
what is the meaning of life
Answer:
To be totally honest... I cant tell you. All I know so far is that you are born to die
Explanation:
After a devastating hurricane, households try to secure loans to repair and rebuild. Other things equal, this would lead toan increase in interest rates of home repair loans as the demand for those loans increased.an increase in interest rates of home repair loans as the demand for those loans increased.an increase in interest rates of home repair loans as the supply for those loans decreased.an increase in interest rates of home repair loans as the supply for those loans decreased.a decrease in interest rates of home repair loans as the supply for those loans increased.
Answer:
Other things equal, this would lead to:
an increase in interest rates of home repair loans as the demand for those loans increased.
Explanation:
With an increase in the demand for house repair loans, as a result of the devastation wrought by the hurricane, the rate of interest on loans normally increases with demand. The concept of scarcity of loanable funds (or limited resources) is the root cause of this increase in house loan rate. The reverse becomes the case when there is a decrease in demand.
The Joint Stock Company is:
A) An association of persons
B) An association of funds
C) A mixture of an association of funds and persons
D) None of the above
The net book value of an asset represents the:
The amount at which an organization records an asset in its accounting records.
The netbook value of an asset represents the cost of the asset less depreciation.
Asset value reduces as a result of wear and tear. This is due to the usage of the asset and passage of time.
The monetary value of the part of the asset that have been used up over time, is what is regarded as accumulated depreciation, which means reduction in value.
Hence, the netbook value of an asset represents the cost of the asset less depreciation.Learn more about net book value on:
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6. Choose a good you are familiar with, and analyze its economic utility, using the questions below. NOTE: Choose a good for this exercise, not a service.
a. What type of good did you choose? (1 sentence. 1.0 points)
b. Describe the form utility of the product you chose. What makes its form useful? Can you think of any improvements that could be made to its form utility? (1-3 sentences. 2.0 points)
c. Describe the place utility of the product. Can you think of any improvements that could be made to its place utility? (1-3 sentences. 2.0 points)
d. Describe the time utility of the product. Can it be improved at all? (1-3 sentences. 2.0 points)
e. Describe the possession utility of the product. Can it be improved at all? (1-3 sentences. 2.0 points)
f. Describe the information utility of the product. Can it be improved at all? (1-3 sentences. 2.0 points
DONT JUST PUT AN ANSWER FOR POINTS
Answer:
a. What type of good did you choose? (1 sentence. 1.0 points)
The good I chose was a tshirt.
b. Describe the form utility of the product you chose. What makes its form useful? Can you think of any improvements that could be made to its form utility? (1-3 sentences. 2.0 points)
The form utility of the t-shirt is that it is a ready-to-wear product. You don't need to look for other items to complete it.
c. Describe the place utility of the product. Can you think of any improvements that could be made to its place utility? (1-3 sentences. 2.0 points)
The place utility of a t-shirt is that it is easily accessible to the buying public. Nowadays, you have the option to go to shopping malls, boutiques, and even online stores to buy t-shirts.
d. Describe the time utility of the product. Can it be improved at all? (1-3 sentences. 2.0 points)
The time utility of a t-shirt is that it is can easily be bought when needed. There is no waiting time for a shirt to be completed. Because of its various styles, designs, colors, and sizes, it can cater to everybody's needs at anytime.
e. Describe the possession utility of the product. Can it be improved at all? (1-3 sentences. 2.0 points)
The possession utility of a t-shirt is that once it has already been paid for, customers immediately become its owner. You can immediately wear it after purchase without hassle.
f. Describe the information utility of the product. Can it be improved at all? (1-3 sentences. 2.0 points)
The information utility of a t-shirt is that because it is a staple in everybody's closet. From toddlers to adults, t-shirts are vastly available, accessible, and affordable. All economic utility of a t-shirt is good because it meets the needs and wants of the clients.
Explanation:
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how can gdp per capita and poverty rates indicate standards of living in each system?
On January 2, 2020, Pronghorn Company sells production equipment to Fargo Inc. for $52,000. Pronghorn includes a 2-year assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on January 2, 2020. During 2020, Pronghorn incurs costs related to warranties of $890. At December 31, 2020, Pronghorn estimates that $640 of warranty costs will be incurred in the second year of the warranty.
Required:
Prepare the journal entry to record this transaction on January 2, 2020, and on December 31, 2020.
Answer:
January 2, 2020
Dr Cash $52,000
Cr Sales Revenue $52,000
December 31, 2020
Dr Warranty expense $890
Cr Cash $890
December 31, 2020
Dr Warranty expense$640
Cr Warranty Liabiltiy $640
Explanation:
Preparation of the journal entry to record this transaction on January 2, 2020, and on December 31, 2020.
January 2, 2020
Dr Cash $52,000
Cr Sales Revenue $52,000
December 31, 2020
Dr Warranty expense $890
Cr Cash $890
December 31, 2020
Dr Warranty expense$640
Cr Warranty Liabiltiy $640
Which of the following best describes profit sharing? incentive pay in which payments are a percentage of the organization's profits and do not become part of the employees' base salary a gainsharing program in which employees receive a bonus if the ratio of labor costs to the sales value of production is below a set standard a group incentive program that measures improvements in productivity and effectiveness and distributes a portion of profit to employees an incentive plan where a percentage of the previous year's profits is provided to the employees as a part of their salary a combination of performance measures directed toward the company's profit and used as the basis for awarding incentive pay
Answer:
incentive pay in which payments are a percentage of the organization's profits and do not become part of the employees' base salary.
Explanation:
Profit can be defined as the total amount of money generated from a business after deducting the costs of production or cost price.
Mathematically, Profit = cost price - selling price
Hence, the statement which best describes profit sharing is that it is an incentive pay in which payments are a percentage of the organization's profits and do not become part of the employees' base salary.
The supply and demand curves reflect the availability and cost of a new gaming system. If the gaming system market is currently at Demand and Supply 1, which change to the graph would have to occur to increase equilibrium price while lowering equilibrium quantity? (5 points)
Group of answer choices
Add Demand 1 to left of Demand.
Add Demand 1 to right of Demand.
Add Supply 2 to left of Supply 1.
Add Supply 2 to right of Supply 1.
Answer:
Add Demand 1 to right of Demand.
Explanation:
The supply and demand curves reflect the availability and cost of a new gaming system. The change to the graph would have to occur is to Add demand 1 to the right of demand for increasing equilibrium price while lowering equilibrium quantity.
What do you mean by the demand curve?A demand curve refers to the graph showing the relationship between the price and quantity of that commodity.
The supply and demand curve reflects the availability and cost of a new gaming system. Add demand 1 to the right of demand as a change to the graph to increase equilibrium price while lowering equilibrium quantity.
Therefore, B is the correct option.
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If fixed costs are $270,000, the unit selling price is $70, and the unit variable costs are $45, what are the old and new break-even sales in units (rounded to a whole number) if the unit selling price increases by $6
Answer:
Results are below.
Explanation:
Giving the following information:
Fixed costs= $270,000
Unitary selling price= $70
Unit variable costs= $45
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= 270,000 / (70 - 45)
Break-even point in units= 10,800
Now, if the selling price is $76:
Break-even point in units= 270,000 / (76 - 45)
Break-even point in units= 8,710
Should I tell my parents I'm adopted?
Answer: Yes
Explanation:
It is important, when telling them about their adoption, to help them understand that they were born first—and that all children, adopted or not, are conceived and born in the same way. The birth came first, then the adoption. Waiting until adolescence to reveal a child's adoption to him or her is not recommended. “Halloween is the beginning of the holiday shopping season. That’s for women. The beginning of the holiday shopping season for men is Christmas Eve.”
—David Letterman
recession definition economics
Answer:
the branch of knowledge concerned with the production, consumption, and transfer of wealth.
Explanation:
The nations of Pamland and Lillytonia can produce two goods, DVD
players and wheat. In a single year, Pamland can produce 150 DVD players
or 300 bushels of wheat and Lillytonia can produce 200 DVD players or
600 bushels of wheat. Which of the following deals would Pamland and
Lillytonia be willing to accept? *
A) There are no deals for trade that Lillytonia would be willing to accept because
Lillytonia could make more of both goods.
B) Lillytonia sells 1/4 bushels of wheat to Pam and gets 1 DVD player in return.
C) Lillytonia sells 4 bushels of wheat to Pam and gets 1 DVD player in return.
D) Lillytonia sells 2.5 bushels of wheat to Pam and gets 1 DVD player in return.
D) Lillytonia sells 2/5 bushels of wheat to Pam and gets 1 DVD player in return
Answer:
The best deal would be option B) that is
Lillytonia sells 1/4 bushels of wheat to Pam land and gets 1 DVD player in return.
Explanation:
STEP 1
The output of DVD per unit of labor for Pamland = 150.
The output of Bushels of wheat per unit of labor for Pamland= 300.
The output of DVD per unit of labor for Lillytonia = 200.
The output of Bushels of wheat per unit of labor for Lillytonia= 600.
STEP 2
To calculate the comparative advantage, we use the following formula:
Comparative Advantage = DVD Output / Wheat Output
STEP 3
In Pamland, the opportunity cost, or the comparative advantage, of DVD is
300 / 150 = 2 bushels of wheat.
The opportunity cost of wheat in Pamland is 120/ 300 = 0.5 DVDs.
In Lillytonia the opportunity cost, or comparative advantage, of DVD is 600/200 = 3 bushels of wheat, while
The opportunity cost of wheat in Lillytonia is 200/600 = 1/3 or 0.33333 DVDs
STEP 4
As is clear from the calculations, Pamland should produce more wheat because it has the lower opportunity cost during production 2 against 3 for Lillytonia. Conversly, Lillytonia has the lowest opportunity cost for the production of DVD clocking 1/3 against a higher 1/2 for Pamland.
The countries should therefore trade in such a way that Pamlan is selling it's Wheat while Lillytonia is selling it's DVDs.
STEP 5
Given that Pamland's 2 bushels of wheat will cost it 0.5 DVDs, 4 bushels will thus cost it 1 DVD. It is impracticable (in any case) to have 1/2 of a DVD player.
Cheers
Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issues 100,000 shares of common stock for $24 per share. February 6 Issues 1,900 shares of 7% preferred stock for $13 per share. September 10 Purchases 12,000 shares of its own common stock for $29 per share. December 15 Resells 6,000 shares of treasury stock at $34 per share. In its first year of operations, Finishing Touches has net income of $149,000 and pays dividends at the end of the year of $94,000 ($1 per share) on all common shares outstanding and $1,330 on all preferred shares
Required:
Prepare the stockholders' equity section of the balance sheet for Finishing Touches as of December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.)
Answer:
Total Stockholders' Equity = $2,334,370
Explanation:
Note: See the attached excel file for the stockholders' equity section of the balance sheet for Finishing Touches as of December 31, 2018 with all the formulae used.
In the attached excel file, the retained earnings is calculated as follows:
Retained earnings = Net income – Common dividends - Preferred dividends = $149,000 - $94,000 - $1,330) = $53,670
From the attached excel file, we have:
Total Stockholders' Equity = $2,334,370
Suppose a firm is considering investing in a new product line which they expect to be obsolete in 5 years. They will need an initial investment in inventory of 540,000. They will also need inventory investment of 95,000 each year of the project. The firm expects to recover the full amount of the investment in NWC at the end of the project. What is their NWC in year 5
Answer:
recovered net working capital at the end of the project = $1,015,000
Explanation:
initial increase in net working capital = $540,000
annual increase in net working capital = $95,000 x 5 = $475,000
cumulative increase in net working capital = $1,015,000
recovered net working capital at the end of the project = $1,015,000, assuming the company recovers it all.
In determining Blue Corporation's current earnings and profits (E & P) for 2019, how should taxable income be adjusted as a result of the following transactions?
Select either "Increase", "Decrease" or "Not be affected", whichever is applicable.
a. A capital loss carryover from 2018, fully used in 2019.
b. Nondeductible meal expenses in 2019.
c. Interest on municipal bonds received in 2019.
d. Nondeductible lobbying expenses in 2019.
e. Loss on a sale between related parties in 2019.
f. Federal income tax refund received in 2019.
Answer: See explanation
Explanation:
Taxable income simply refers to the income that the government imposes a tax on. Taxable income should be adjusted on the following transactions as follows:
a. A capital loss carryover from 2018, fully used in 2019.
Based on the above transaction, taxable income should be increased.
b. Nondeductible meal expenses in 2019.
Based on the above transaction, taxable income should be decreased.
c. Interest on municipal bonds received in 2019.
Based on the above transaction, taxable income should be increased.
d. Nondeductible lobbying expenses in 2019.
Based on the above transaction, taxable income should be decreased.
e. Loss on a sale between related parties in 2019.
Based on the above transaction, taxable income should be decreased.
f. Federal income tax refund received in 2019.
Based on the above transaction, taxable income should be increased.
interest cost (the increase in pension costs due to the passage of time), the expected return on plan assets (the amount that managers anticipate they will earn on the plan's investments), and other costs were all reflected in operating income. Under the new rules (which are now in effect), service costs will be reported as an operating cost and all the other pension costs and any expected returns will be reported as non-operating items. What will be the change in operating income for GM
Answer:
The change in operating income for GM is that the operating income will increase by the amount of other pension costs less expected returns.
However, this change will not affect the net income, as all the items will still be accounted for, accordingly.
Explanation:
GM's pension service cost is the present value of the amount that the GM is required by law to set aside annually to meet its employees' pension-benefits obligations. The reason for the separation is that the service cost is a compensation cost, whereas other pension costs are financial costs and not compensation costs. By this separation, the operating income of GM will increase.
Haste Enterprises issues 20-year, $1,000,000 bonds that pay semiannual interest of $50,000. If the effective annual rate of interest is 11%, what is the issue price of the bonds? Some relevant and irrelevant present value factors: * PV of ordinary annuity of $1: n = 20; i = 11% is 7.96333 **PV of $1: n = 20; i = 11% is 0.12403 * PV of ordinary annuity of $1: n = 40; i = 5.5% is 16.04612 **PV of $1: n = 40; i = 5.5% is 0.11746 Multiple Choice $1,000,000. $919,766. $1,802,306. $992,948.
Answer: $919,766
Explanation:
The Present Value of issuance price of a bond is:
= Present value of interest payments + Present Value of par value at maturity
Present value of interest payments:
The payments are constant so this is an annuity.
Payments are semi annual so the variables should be adjusted for this.
Interest = 11%/2 = 5.5%
Number of periods = 20 * 2 = 40 semi annual periods.
Present value = Annuity * Present value of annuity factor, 5.5%, 40 periods
= 50,000 * 16.04612
= $802,306
Present value of par at maturity:
= Par value * discount factor, 5.5%, 40 years
= 1,000,000 * 0.11746
= $117,460
Issue price of bond:
= 802,306 + 117,460
= $919,766
Which of the following statements about computer viruses is most accurate?
Viruses could be completely eliminated if people would quit sharing infected files.
Wild rumors and sloppy reporting have exaggerated the threat computer viruses pose to typical computer users. Almost all real-world computer viruses turn out to be harmless practical jokes.
The Internet contains built-in safeguards that prevent programs with viruses from being downloaded.
Although antivirus software can help identify and eliminate known viruses, the software must be updated frequently to remain effective.
Answer:
The Internet contains built-in safeguards that prevent programs with viruses from being downloaded
Explanation:
This is the Answer
A computer virus is commonly described as a malicious software program loaded onto a user’s computer without the knowledge of the user and acts some malicious actions. The Internet contains built-in safeguards that prevent programs with viruses from being downloaded.
A computer virus is also described as malicious computer code set up to spread from device to device.
It is also a subset of malware, that are self-copying threats and are usually designed to damage a device or steal data.
Most computer viruses are made to harm your computer by damaging programs, deleting files, or reformatting the hard drive.
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Brown Corporation uses a job-order costing system with a single plant-wide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 40,000 Total fixed manufacturing overhead cost $344,000 Variable manufacturing overhead per machine-hour $3.9 Recently, Job M759 was completed. It required 60 machine-hours. The amount of overhead applied to Job M759 is closest to: (Round your intermediate calculations to 2 decimal places).
Answer:
See below
Explanation:
With regards to the above, first we need to compute the fixed manufacturing overhead.
Fixed manufacturing overhead
= Total fixed manufacturing overhead ÷ Total machine hours
= $344,000 ÷ 40,000
= $8.6 per machine hour
Calculation of overhead applied to Job M759
Variable manufacturing overhead
= 60 machine hours × $3.9
= $234
Fixed manufacturing overhead
= 60 machine hours × $8.6
= $516
Therefore, total overhead applied to job M759 is $750
Heavy Products, Inc. (HPI) developed standard costs for direct material and direct labor. In 2020, HPI estimated the following standard costs for one of their major products, the 10-gallon plastic container. Budgeted quantity Budgeted price Direct materials 0.90 pounds $60 per pound Direct labor 0.10 hours $30 per hour During June, Heavy Products produced and sold 19,000 containers using 1,200 pounds of direct materials at an average cost per pound of $63 and 17,100 direct manufacturing labor-hours at an average wage of $31.25 per hour. The direct manufacturing labor price variance during June is: $3600 unfavorable $950,400 unfavorable $21,375 unfavorable $21,375 favorable
Answer:
C. $21,375 unfavorable
Explanation:
Standard rate = $30 per hour
Actual rate = $31.25
Actual time = 17,100 direct labor hours
Direct manufacturing labor price variance= Actual time * (Standard rate - Actual rate)
= 17,100 * ($30 - $31.25)
= 17,100 * (-$1.25)
= $21,375 Unfavorable
So, the Direct manufacturing labor price variance during June is $21,375 U.
Jake Entertainment Corporation has three segments with revenue, operating income, and depreciation and amortization information (in millions) as follows: Segment Revenue Operating Income Depreciation and Amortization Film $5,000 $1,500 $525 Theme Park 1,000 320 112 Video Game 500 175 53 Totals $6,500 $1,995 $690 The EBITDA for the Theme Park segment is
Answer:
EBITDA = $2,685
Explanation:
EBITDA is the acronym for Earnings before interest taxes depreciation and amortization .
EBITDA is a common financial metric which is used to measure the a company's profitability unlike other profitability it is very useful to gauge how much cashflow a company's has. It is the profit earned by a firm before deducting non-cash items and other obligations. It quantifies how much cash is available to settle interest on debt obligations and taxes.
It is computed ad follows:
EBITDA = operating income + depreciation an amortization
= $1,995 + $690= $2,685
EBITDA = $2,685
Cordner Corporation has two production departments, P1 and P2, and two service departments, S1 and S2. Direct costs for each department and the proportion of service costs used by the various departments for the month of July are as follows: Proportion of Services Used by: DepartmentDirect costsS1 S2 P1 P2 S1$66,000 0.70 0.10 0.20 S2$161,000 0.20 0.30 0.50 P1$166,000 P2$233,000 Under the step method of cost allocation, the amount of S2 costs allocated to S1 would be:
Answer:
$46,200
Explanation:
Calculation to determine the amount of S2 costs allocated to S1
S2 costs allocated to S1 =$66,000*0.70/(0.70 +0.10+ 0.20)
S2 costs allocated to S1 =$46,200/1.00
S2 costs allocated to S1 =$46,200
Therefore Under the step method of cost allocation, the amount of S2 costs allocated to S1 would be:$45,200