Has Gathered The Following Data On A Proposed Investment Project (Ignore Income Taxes.): Investment Required (2024)

Answer:

The Standard cost for a pound of Sheffield's double chocolate almond supreme cookies is $15.10

Explanation:

The standard direct materials costs are $0.80 per pound of cookie mix, $4 per pound of milk chocolate, and $19 per pound of almonds.

Total ounces = 10 + 5 + 1 = 16

Standard Material Cost = ([tex]\frac{10}{16}[/tex] × 0.80) + ([tex]\frac{5}{16}[/tex] × 4) + ([tex]\frac{1}{16}[/tex] × 19)

Standard Material Cost = $ 2.9375

Each pound of cookies requires 1 minute of direct labor in the mixing department and 5 minutes of direct labor in the baking department.

Standard Direct Labor Cost = [tex]\frac{1}{60}[/tex] × 12.70 + [tex]\frac{5}{60}[/tex] × 27

Standard Direct Labor Cost = $2.4617

Variable overhead is applied at a rate of $37.00 per direct labor hour

Standard Variable overhead cost = 6/60 × 37

Standard Variable overhead cost = $ 3.70

Standard Fixed overhead cost = 6/60 × 60

Standard Fixed overhead cost = $ 6

Standard cost for a pound = $2.9375 + $2.4617 + $3.70 + $6

Standard cost for a pound = $15.10

The Standard cost for a pound of Sheffield's double chocolate almond supreme cookies in the above case is $15.10.

What is the standard cost?

A standard cost is defined as an anticipated cost that a company commonly launches at the starting of a fiscal year for amounts used and prices paid.

It is an anticipated amount of money to pay off for materials costs or labor rates. The standard quantity is the anticipated exercise amount of materials or labor.

Computation of standard cost:

According to the given information,

Standard direct materials costs = $0.80 per pound of cookie mix.

Per pound of milk chocolate = $4, and

Per pound of almonds = $19.

Total ounces:

[tex]\text{Total Ounce} = \text{Commercial cookies Mix+ Milk Chocolate+Almonds}\\\\\text{Total Ounce} = 10 + 5 + 1\\\\\text{Total Ounce} = 16[/tex]

Then, Standard Material Cost:

[tex]=(\dfrac{10}{16}\times 0.80)+(\dfrac{5}{16}\times4) +(\dfrac{1}{16} \times 19)\\\\=2.9375[/tex]

Now, 1 minute of direct labor is required in the mixing department and 5 minutes of direct labor in the baking department. Then the standard direct labor cost is:

[tex]\text{Standard Direct Labor Cost} = (\dfrac{1}{60}\times 12.70) +(\dfrac{5}{60} \times 27)\\\\\text{Standard Direct Labor Cost} = \$2.4617[/tex]

Variable overhead is applied at a rate = $37.00 per direct labor hour

Now, find the value of Standard Variable overhead cost:

[tex]\text{Standard Variable Overhead Cost} = \dfrac{6}{60}\times 37\\\\\text{Standard Variable Overhead Cost} =\$3.70[/tex]

Now, Standard Fixed overhead cost:

[tex]\text{Standard Fixed Overhead Cost} = \dfrac{6}{60}\times 60\\\\\text{Standard Fixed Overhead Cost} =\$6[/tex]

Therefore, Standard cost for a pound:

[tex]=\text{ Standard Direct Labor Cost}+\text{Standard Variable Overhead Cost}+\text{ Fixed Overhead Cost}\\\\=\$2.9375 + \$2.4617 + \$3.70 + \$6\\\\=\$15.10[/tex]

Therefore, Standard cost for a pound is $15.10.

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Answer:

A.

Cash $68,000 (debit)

Common Stock $68,000 (credit)

B.

Store fixtures $12,000 (debit)

Payable $12,000 (credit)

C.

Cash $20,000 (debit)

Note Payable $20,000 (debit)

D.

Equipment $17,000 (debit)

Cash $1,900 (credit)

Note Payable $15,100 (credit)

E.

Note Receivable $1,400 (debit)

Cash $1,400 (credit)

F.

Payable $12,000 (debit)

Cash $12,000 (credit)

Explanation:

A.

Recognize Cash and Recognize Equity - Common Stock

B.

Recognize Store fixtures and recognize a liability - Payable

C.

Recognize Cash - Asset and a Liability - Note Payable

D.

Recognize Equipment - Asset , Recognize Liability - Note Payable and de-recognize the Asset - Cash

E.

De-recognize Cash and Recognize the Asset - Note Receivable

F.

De-recognize the Liability - Payable and de-recognize the Asset Cash

Answer: A. Google Docs

Explanation:

Google Docs will be the best solution in this case because it is a cloud computing tool that enables people to work on a document simultaneously across the world. As others are working on the documents, the saves that they make are instantly saved on the document and reflected across all users who have access to the document at the time.

Answer:

Equivalents units of production for materials: 23500 + (200×80%) = 23660

Equivalents units of production for conversion: 23500 + (200×40%) = 23580

Explanation:

Find the given attachment

Answer:

Decrease by L1L2 in sector 1

Explanation:

Labour markets are at equilibrium when market demand for labour = market supply of labour.

Sector 1 previous equilibrium is 0L1, equilibrium wage is 0Wn (0 is origin). Union leads to increase in wage rate from 0Wn to 0Wu. This increase in wages lead to decrease in employment in sector 1. Supposing that the new equilibrium labour employed = 0L2, which is lesser than previous employment 0L1. So, the employment level falls by margin difference L1L2 in sector 1.

Answer: b. The Rational Basis test

Explanation:

The Rational Basis test allows for a court of law to scrutinize a Government law or regulation to determine if it violates the principles of the Equal Protection clause which holds that people in a jurisdiction are entitled to equal protection under the laws of the jurisdiction.

The Rational Basis clause is usually applied to economic and business laws Instituted by a government and for this reason and the previously mentioned must be the standard that the court applied in finding out if Nordlinger was in the right.

Explanation:

This statement is correct because the benefits and costs of localization, global, international and transnational strategies for a multinational are different, so the choice of the best strategy must be aligned with the objectives and goals that a company intends to achieve in the market, in order to generate a cost / benefit exchange that will help the multinational to remain competitive in the world market.

It is necessary for the company to observe each different strategy from a cost and benefit perspective, in order to obtain a competitive advantage in a highly competitive market.

Therefore, the best strategy will be the one that will help the company to reduce costs and increase the local response capacity in the global market.

The local strategy, for example, can generate competitive advantage, but which will need to substantially reduce its cost structure to compete with well positioned competitors, which can generate a change that leads the company to adopt a transnational strategy.

The international strategy can only work in the short term, since in order to remain in the market in the long term, the multinational needs to adopt a global standardization and a transnational strategy in order to generate competitive advantage.

Answer: Please refer to Explanation

Explanation:

The Current Ratio is calculated by dividing the Current Assets by the Current Liabilities.

The Acid-Test Ratio on the other hand is calculated by removing the Inventory from the Current Assets and then dividing that figure by the Current Liabilities.

February 1.

Current Ratio = Current Assets/Current Liabilities

= 130,200/49,300

= 2.65

Acid-Test Ratio = (Current Asset – Inventory) / Current Liability

= (130,200-15,900) / 49,300

= 2.32

February 3

Accounts Receivables collected is Cash moving from The Receivables to the Cash account. Both of them are Current Assets so no change.

Current Ratio = 2.65

Acid -Test Ratio = 2.65

February 7

Cash reduces by $27,800

Current Ratio = (130,200-27,800) / 49,300

= 2.08

Acid-Test Ratio = (130,200-27,800 - 15,900) / 49,300

= 1.75

February 11

Paying for the Insurance in advance is considered a Prepayment. Prepayments are Current Assets so cash simply moved from cash account to Prepayment so no change in Current Assets so both ratios remain the same.

Current Ratio = 2.08

Acid-test Ratio = 1.75

February 14.

Accounts Payable being paid reduces the Current Liabilities. It also reduces the cash account so both Current Liabilities and Current Assets will be reduced.

Current Ratio = (130,200-27,800-12,500) / (49,300-12,500)

= 89,900 / 36,800

= 2.44

Acid-Test Ratio = (130,200 - 27,800 - 15,900 - 12,500) / (49,300-12,500)

= 74,000/36,800

= 2.01

February 18

When Dividends are declared but not paid, there is no effect on the cash account. However, because they have been declared, they become a liability. This therefore increases the current Liability account.

Current Ratio = 89,900 / (36,800 + 5,700)

= 2.12

Acid Test Ratio = 74,000 / (36,800 + 5,700)

= 1.74

Answer: a) an increase in the Equilibrium price of "regular" cars.

Explanation:

It is stated that the automobile companies use their inputs to make either the hybrid cars or the regular cars.

If the price of the Hybrid cars rises sharply, Automobile companies will make more Hybrid cars so as to take advantage of the situation and make more profit.

This would reduce the amount of inputs that they have available for regular cars and so they will make less regular cars.

As this supply of regular cars decreases,the supply curve will shift to the left and the price will increase to cater for this reduction in supply.

Answer:

Dr. Treasury Stock $700 million

Cr. Cash $700 million

Dr. Cash $2,000 million

Cr. Add-in-Capital Treasury Stock $500 million

Cr. Treasury Stock $1,500 million

Explanation:

Treasury stocks are the company's own shares which is repurchased by the company. It is recorded in treasury shares account which is an contra equity account. I can be reissued or cancelled by the company.

Purchase of Treasury Stock

Treasury Stock = $700 million

Sales of Treasury Stock

Cash Receipt = $2,000

Treasury Stock = 5 million x $300 = $1,500

Paid-in capital - Treasury stock = $2,000 - $1,500 = $500

Answer:

Option A, slow diffusion of the book.

Explanation:

The book contains the secret or tricks to win the game so as many as people will get the book the population of people who can win the game will increase. However, the winning of people in the game is the loss of a carnival operator because he has to give more winning amount. Therefore, the book will increase the winning probability of people so carnival operators will hope its slow diffusion so that people do not get to know the winning techniques.

Answer:

SNPs have special programs for enrollees with chronic conditions, like Mr. Sinclair, and they provide prescription drug coverage that could be very helpful as well.

Explanation:

Chronic conditions and the fact that the customer has more than 1 chronic condition may qualify the beneficiary for a Special Needs Plan which may provide better health coverage for these medical conditions. (There are populations of beneficiaries who would benefit from these plans.).

SNPs have special programs for enrollees with chronic conditions, like Mr. Sinclair, and they provide prescription drug coverage that could be very helpful as well.

A Special Needs Plan, which may offer superior health coverage for various medical issues, may be available to beneficiaries with chronic diseases or multiple chronic ailments. These strategies might be advantageous to certain beneficiary demographics.

Individuals with chronic or debilitating diseases can enroll in Medicare Special Needs Plans (SNPs), a kind of Medicare Advantage Plan. These programs mandate that Medicare SNP-eligible individuals get treatment and services from medical professionals in such networks. SNP networks come in a variety of sizes and target demographics.

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Answer:

a. The Bid/Ask spread is $0.03.

b. The statement is “False”.

c. The Bid/Ask spread at the time trade was executed is $0.02.

d. The Total Round-Trip Transaction Costs is $107.90 and the Bid/Ask spread is $0.09. It is important to have a lower commission charge. So the correct statement is “Statement C”.

Explanation:

Please check the file attached below to see the solution to given question

Answer:

a. $295 million

Explanation:

Effective tax rate = GAAP tax / GAAP Pretax profift = 77 / 383 = 0.2010, or 20.10%.

Therefore, 2019 non-GAAP net income can be estimated as follows:

Details $ in millions

GAAP Pretax Profit 383

Stock-based compensation expense (12)

Restructuring expenses (7)

Gain on sale 5

Non GAAP Pretax Profit 369

Taxes (20.10% * 369) (74)

Non-GAAP net income 295

Answer: 1. B. Ashley

2. D. Sarah

Explanation:

1. When selecting someone fkr an assignment that involves a high degree of personal responsibility and feedback, it is important that their drive to accomplish the mission is gauged. They must be the type of people that will want to get the job done.

Ashley scored high on Achievement making her the best for this role because she will strive hard to accomplish the task because she loves achieving set targets.

2. Sarah scored high on power but low on affiliation. This means that she a high need to control others and yet a low need to have overly friendly relationship with others. This will help her manage the company well because she yarns to control people and at the same time will be impartial due to her low need for affiliation.

Answer:

$4,850,000

Explanation:

The computation of the total contributed capital related to the ordinary shares is shown below:

= Ordinary share capital + share premium of ordinary share

= $4,300,000 + $550,000

= $4,850,000

We simply added the ordinary share capital and the share premium of ordinary shares so that the total contributed capital could arrive

Answer:GAAP arranged balance sheet in their order of liquidity. From current asset to non current asset then to current liabilities to non current liabilities and finally to owners Equity. Under IFRS they start with non current asset, then to current asset, then to owners Equity and from owners Equity to non current asset and finally to current liabilities.

Explanation:

A balance sheet is a classified list of the debit and credit balances remaining on the books after the preparation of the trading profit and loss account. The purpose of a balance sheet is to present a true and fair view of the financial position of the business at a given date. Under the GAAP, balance sheet are arranged in their order of liquidity. In other words asset are arranged in the reverse order of their realisability or in their ease of conversion into cash. Under GAAP, current asset comes first followed by non current asset, then followed by current liabilities, then by non current liabilities, and lastly by owners Equity.

Under IFRS, the order accepted by them is that balance sheet should be arranged in reverse order to that of GAAP. They start with non current asset, followed by current asset, then followed by owners equity, then followed by non current liabilities and lastly by current liabilities.

Explanation:

My test anxiety generally comes from a desire to do well. It usually accompanies the situation where I am not as prepared for the test as I would like to be, or where I have no idea what subject matter the test may cover.

__

My anxiety management strategy is to prepare for a test as well as I can in the time allotted, and detach from the outcome. In the case of specific subject matter tests (as opposed to "achievement" tests), a well-made test will be educational, so later questions help answer earlier ones. Paying attention to that possibility also manages test anxiety by letting me go back and correctly answer questions I might have missed.

__

One of the most effective techniques for managing test anxiety (beyond a decent level of preparation), is the use of Emotional Freedom Techniques (EFT), also known as "tapping." A few rounds of tapping on specific points on bodily energy meridians can greatly relieve stress and improve test performance. The process takes only minutes to learn and execute, and can be very effective. (Look up articles or videos on EFT Tapping.)

Answer (a)

An increase in supply of apple juice means there's a decrease in the marginal cost of production.

Explanation: the marginal cost of production is the cost added by producing one additional unit of a product or service. Increasing supply spreads out the fixed cost of production, lowering the marginal cost of producing the next apple juice.

Answer (b)

B. An increase in the supply of Pepsi means there is an increase in price of sprite.

Explanation: increase in supply of Pepsi means there's a reduction in demand of sprite, which can be as a result of a price increase causing customers to shift towards the substitute.

Answer (c)

if the supply of milk increased, then there's a decrease in price of beef.

Explanation: since they are complement goods, an increase in supply of milk means that suppliers are supplying more milk due to an increasing demand of beef as a result of a reduction in the price of beef.

Answer (d)

If the supply of orange juice stayed constant and the equilibrium

quantity exchanged of orange juice increased, then the demand for orange juice increased.

Explanation: Equilibrium quantity is when there is no shortage or surplus of a product in the market. On a plot of demand and supply, the two will intersect at the equilibrium quantity. If the supply is held constant and the value of equilibrium quantity increases, then it means that the demand increased.

Answer (e)

If the demand for grape juice stayed constant and the equilibrium

price of grape juice increased, then the supply of grape juice decreased.

Answer (f)

If the demand for Kool-Aid increased and the supply for Kool-Aid

increased, then the equilibrium quantity exchange increases.

Explanation: since both demand and supply increased, then their point of intersection will increase since there'll be no surplus or lack.

Answer:

202,000 shares

Explanation:

170,000 common stocks outstanding, January 1

30,000 additional common stock issued, May 1 ⇒ 30,000 x 8/12 = 20,000

diluted shares = 12,000 (since each preferred stock is convertible to common stock, then all of them must be included as diluted stocks)

total number of shares = 170,000 +20,000 + 12,000 = 202,000 shares

Answer:

Total allocated overhead= $9,532.42

Explanation:

Giving the following information:

Activity Rate

Setting up batches= $59.06 per batch

Processing customer orders= $72.66 per customer order

Assembling products= $3.75 per assembly hour

Product K91B

Number of batches 86

Number of customer orders 36

Number of assembly hours 490

To allocate overhead, we need to use the following formula on each activity rate:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Setting up= 59.06*86= 5,079.16

Processing= 72.66*36= 2,615.76

Assembling= 3.75*490= 1,837.5

Total allocated overhead= $9,532.42

Answer:

(1). Wages expense(debit) => 8000.

wages payable (credit) => 8000.

(2). depreciation expense-equipment(debit) => $10,480.

accumulated depreciation-equipment => $10,480.

(3). Supplies expense(debit) => 4,977.

office supplies(credit) => 4977.

(4). Insurance expense(debit) => 3,400

prepaid insurance(credit) => 3,400.

(5000 - 1600).

(5). Interest receivable(debit) => $650

interest revenue(credit) => $650

(6). interest expense(debit) => $2,500

interest payable(credit) => $2,500.

Explanation:

So, our main aim in this question is to be able to prepare prepare an " adjusting entries" required of financial statements for the year ended (date of) December 31.

An adjusting entries can simply be defined as entry that is used in showing the expenses and income of a particular organization or company.

Thus, the entries can be written as:

(1). Wages expense(debit) => 8000.

wages payable (credit) => 8000.

(2). depreciation expense-equipment(debit) => $10,480.

accumulated depreciation-equipment => $10,480.

(3). Supplies expense(debit) => 4,977.

office supplies(credit) => 4977.

(4). Insurance expense(debit) => 3,400

prepaid insurance(credit) => 3,400.

(5000 - 1600).

(5). Interest receivable(debit) => $650

interest revenue(credit) => $650

(6). interest expense(debit) => $2,500

interest payable(credit) => $2,500.

Answer:

See the explanation below.

Explanation:

Date Details Dr ($) Cr ($) .

31 Dec. '19 Leased equipment 340,000

Lease liability 340,000

To record liability form equipment lease. .

31 Dec. '19 Leased liability 54,782

Cash 54,782

To record lease payment. .

31 Dec. '20 Interest expense 22,817.44

Lease liability 31,964.56

Cash 54,782

To record interest expense and lease payment. .

31 Dec. '20 Depreciation expense 42,500

Accumulated depreciation - lease 42,500

To record right-of -use equipment amortization .

Note:

31 Dec. '20 Interest expense = (340,000 - 54,782) * 8% = $22,817.44

31 Dec. '20 Lease liability = $54,782 - $22,817.44 = $31,964.56

31 Dec. '20 Depreciation expense = 340,000 / 8 = $42,500

Answer:

(A)The theory applied by the manger is refereed to as the Vroom's expectancy. it was made to inspire Laura to perform better in her place of work, for this she was promoted duw to her performance and zeal to work.

(B) The motivational factors of Herzberg and Maslow's esteem and self actualization are very close.

Maslow's esteem and actualization focused on employee motivation towards work. while Herzberg motivational factor where more of recognition, achievement, prestige and status.

Explanation:

Solution

(A) The theory used by manager is called the Vroom’s expectancy m which was used to inspire Laura.

Laura put in a great amount of work towards developing her sales relationship which showed in desired output.

For this performance, she was promoted to the level of Customer Manager at Head Office. (Expectancy)

This made her move into marketing field though she was initially an assistant Brand Manager but later became the Brand Manager. (Instrumentality).

Her desire to move from Sales to marketing was possible in the end (Valence).

(B) The factors of Herzberg's motivation and Maslow's self-actualization and respect needs are considered very close.

The motivating factors initiated by Herzberg are job elements as responsibility, recognition, achievement,and growth. this was all centered on employee motivation and satisfaction

With regard to Maslow’s respect and self-actualization needs which focused on motivating employee into work. esteem needs centered on status, prestige,and recognition. Self-actualization is called an achievement that us supreme where a person or individual creates an impact that is seen as positive or beneficial to the society.

Answer:

$465680

Explanation:

For calculating the ending inventory under the dollar value LIFO method we will follow the 2 steps given as under:

Step1:

Y = Current Price at year end / Price Index at that time

Step2:

Ending Inventory = Opening Inventory value + (Y - Opening Inventory Value) * Index Value

For the Year 2012

Step 1:

Y = 513,600 / 1.07 = $480,000

Step 2:

Ending Inventory = $440,000 + ($480,000 - 440,000) * 1.07 = $482,800

Similarly for the year 2013

Step 1:

Y = 580000 / 1.25 = $464,000

Step 2:

Ending Inventory = $440,000 + ($464,000 - $440,000) * 1.07 = $465,680

The answer is $465680.

Answer: Emergent Strategy

Explanation:

An emergent strategy is an approach to take action not stated or planned in the initial stage but emerges and develops with time in an organization during an ongoing project as the organisation changes and advances.

This realized strategy helps to identify unforeseen circ*mstances that arises during implementation of task and therefore the organisation will have to incorporate the result from new strategy which will be beneficial in the long run especially for future purposes.

Here in Omnitone organisation, the coming up with new colors during experimenting with colors which became popular showed implementation of emergent strategy.

Answer:

A) A horizontal merger is a merger between firms in the same industry while a vertical merger is a merger between firms at different stages of production of a good.

B) Horizontal mergers are more likely to increase the market power of the newly merged firm.

Explanation:

A) A horizontal merger is a type of merger which takes place between businesses that sell the same type of product. It can also be described as the coming together of two or more companies that manufacture similar products, this is done to reduce the amount of competition in the market, share different types of skills that can boost the amount of profit incurred, increase the rate of expansion.

A vertical merger is a merger that exists between two of more organisations that manufacture products which are not alike in any way. The main objective of this merger is to lower the cost of production.

B) Horizontal mergers have the tendency to increase the market power by causing a decline in the amount of companies that are competing for the same product in the market.

Answer:

The answer is "Option a"

Explanation:

In the given question only "option a" is correct, which can be described as follows:

He is the owner and managing director of an organization and recently he introduced media attention initiatives to encourage a specific app controlled by federal law.Its law is rather ambiguous. He reviewed the relevant law before starting the initiative and met with his counsel in an attempt to comply with the rule. Even so, this state attorney general's office also filed a suit against him after misleading publicity. He provides the best defense, which acted in good faith with proper research and in line with an unspecified rule.

Answer:

1) apparel, accessories for men and women and personal care product for women.

2) Feb 1 2020 for the year 2019

3) Yes

4) Increase

Explanation:

For this question annual report of 2019 was used. The report obtained online.