The Finishing Department had 5,200 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 15,400 units were received from the previous department. The ending Work-in-Process Inventory consisted of 2,200 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing.
Required:
A) How many units were transferred-out during the period?
Answers
Answer:
The total amount of units were transferred-out during the period iv 18,400 units
Explanation:
Beginning Work-in-Process = 5,200 incomplete units
Units received from previous department = 15,400 units
Ending Work-in-Process = 2,200 units
Units were transferred-out during the period = beginning Work-in-Process Inventory + units were received - ending Work-in-Process Inventory
Units were transferred-out during the period = 5,200 + 15,400 - 2,200
= 18,400 units
Related Questions
A cylindrical garbage can has the dimensions shown.
A cylinder has a diameter labeled twelve inches and height labeled fifteen inches.
Question 1
Part A
What is the area of the horizontal cross section of the cylinder? Use 3.14 for π.
Enter the correct answer in the box.
about
square inches
Question 2
Part B
What is the area of the vertical cross section of the cylinder through the centers of the bases?
Enter the correct answer in the box.
square inches
Question 3
Part C
Which cross section has the greater area, and by how much?
Select the correct answers from the lists to complete the sentence.
The vertical cross section has the greater area, by about 66.96 square inches.
PLEASE ANSWER PART B
Answers
Robert picked a business that appealed to his love of music and also one that would pay well. How would you decide on a business opportunity?
Answers
Robert picked a business that appealed to his love of music and also one that would pay well was music gigs. The business opportunity is sell of music albums.
What is music?According to many definitions, music is the process of combining form, harmony, melody, rhythm, and other expressive elements with sound. Despite being a component of all human cultures and a cultural staple, there is considerable variation in the precise meanings of music around the world.
Further the practice of creating harmonious, aesthetically attractive, or expressive tonal combinations, typically using melody, rhythm, and harmony. a written down composition of music. Bring musical compositions with melody, harmony, and rhythm.
However a sort of timed sound art that uses the components of rhythm, melody, harmony, and color to express thoughts and feelings in meaningful ways.
Therefore the tones or sounds used, whether they are in one line (melody) or many lines (harmony), and whether they are being or will be produced by one or more voices, instruments, or both.
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Alfred E. Old and Beulah A. Crane, each age 42, married on September 7,2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorce from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry.Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society.Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. They received $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any virtual currency, and they do not want to contribute to the Presidential Election Campaign. Compute the Old's net tax payable (or refund due) for 2019. Suggested software: ProConnect Tax Online
Answers
To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.
In a Harvard print journal and ejournal article references for a reference list, which elements, if any, are placed in round brackets?
Author and journal title.
Author and issue number.
Year of publication and issue number, if there is one.
Article title and year of publication.
Answers
Answer: Year of publication and issue number, if there is one.
Explanation:
There are quite a number of referencing style conventions available in the world today with some of the most prominent being the APA style, MLA and the Chicago style.
Harvard has its own referencing style that may not be as popular as the above but is very well known nonetheless. When referencing using the Harvard style and the year of publication and issue number needs to be included in a print or e-journal reference, it is to be placed in a round bracket. If there isn't any then there is no need.
Which go where? Put the letter next to the right one , there could be the same letter for each one more than once
Answers
Answer:
Explanation:
Which go where? Put the letter next to the right one , there could be the same letter for each one more than once 1 in 1 is 2 cookies so if o eat one cookie you have one cookie
If a sole proprietor is found negligent of an action, then that person could face
a) limited liability.
b) stock options.
c) danger of dispute settlement.
d) a gain in business assets.
e) unlimited liability.
Answers
If a sole proprietor is proven to have committed a negligent act, they may be subject to unlimited liability Option E is correct
A sole proprietorship is a type of business in which the owner of the company performs all of the tasks. The company's owner makes every business decision. Alone proprietor has unrestricted liability. They are personally accountable for any losses the company incurs. It implies that they must use personal assets to pay for the recovery of the business loss. An instance of negligence action is when a sole proprietor commits some improper actions without intending to. The sole proprietor is responsible for any damages and liabilities in the event of negligence. To cover losses sustained as a result of carelessness activities, the sole proprietor must use personal assets.
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A fruit seller bought some watermelons at Ghana 5.00 cedis each and only to realized that 12 were rotten. She then sold the rest at Ghana 7.00 cedis and made a profit of Ghana 150.00. How many of the watermelons did she buy?
Answers
Based on the profit that the fruit seller made from selling the watermelons, she bought a total of 87 watermelons.
What number of watermelons was bought by the fruit seller?The profit per watermelon is:
= 7 - 5
= 2 Ghana Cedis
If she made a profit of 150 Cedis in total, she must have sold:
= 150 / 2
= 75 watermelons
The total amount she bought was:
= 75 + 12 rotten ones
= 87 watermelons
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Harold McWilliams owns and manages a general merchandise store in a rural area of Virginia. Harold sells appliances, clothing, auto parts, and farming equipment, among a wide variety of other types of merchandise. Because of normal seasonal and cyclical fluctuations in the local economy, he knows that his business will also have these fluctuations, and he is planning to use CVP analysis to help him understand how he can expect his profits to change with these fluctuations. Harold has the following information for his most recent year. Cost of goods sold represents the cost paid for the merchandise he sells, while operating costs represent rent, insurance, and salaries, which are entirely fixed.
Sales: $650,000
Cost of Merchandise Sold: 422,500
Contribution Margin: 227,500
Operating Costs: 105,000
Operating Profit: $122,500
Required:
1. What is Harold's margin of safety (MOS) in dollars? What is the margin of safety ratio?
2. Of what managerial significance are the measures calculated in requirement 1?
3. What is Harold's margin of safety (in dollars) and operating profit if sales should fall to $500,000?
Answers
Answer:
Harold's margin of safety (MOS) in dollars can be calculated by subtracting the breakeven point from the actual sales, which is $650,000 - $277,500 = $372,500. The margin of safety ratio is calculated by dividing the MOS by the actual sales, which is $372,500 / $650,000 = 0.574 or 57.4%.
The measures calculated in requirement 1 are of significant managerial importance because they indicate how much the sales can decline before the business reaches the breakeven point. The margin of safety in dollars and the margin of safety ratio help the manager to make decisions related to pricing, marketing, and cost management to increase profitability and reduce risk.
If sales were to fall to $500,000, Harold's margin of safety would be $77,500 ($500,000 - $422,500) and his operating profit would be $17,500 ($77,500 - $60,000), assuming that the operating costs remain fixed.
Explanation:
give me brainly please
Answer:
Harold's margin of safety (MOS) in dollars can be calculated by subtracting the breakeven point from the actual sales, which is $650,000 - $277,500 = $372,500. The margin of safety ratio is calculated by dividing the MOS by the actual sales, which is $372,500 / $650,000 = 0.574 or 57.4%.
The measures calculated in requirement 1 are of significant managerial importance because they indicate how much the sales can decline before the business reaches the breakeven point. The margin of safety in dollars and the margin of safety ratio help the manager to make decisions related to pricing, marketing, and cost management to increase profitability and reduce risk.
If sales were to fall to $500,000, Harold's margin of safety would be $77,500 ($500,000 - $422,500) and his operating profit would be $17,500 ($77,500 - $60,000), assuming that the operating costs remain fixed.
Explanation:
have a nice day
why does call of duty make so much games?????
Answers
Answer:
because they want money why else
s
t
u
p
i
d
Explanation:
Rolo's charge account statement showed a previous balance of $658.94, a finance charge of $10.71, new purchases of $54.21, $36.28, and $98.56, a credit of $145.81 and a $100.00 payment. What is the new balance?
Answers
To work out the new equilibrium, we really want to consider the past equilibrium, finance charge, new buys, credits, and installments.
Past surplus: $658.94,Finance charge: $10.71,New buys: $54.21, $36.28, $98.56,Credits: $145.81,Installment: $100.00,the new surplus is $612.89.
Harmony, in material science, the state of a framework when nor its condition of movement nor its inward energy state will in general change with time equilibrium.
A basic mechanical body is supposed to be in balance assuming it encounters neither direct speed increase nor precise speed increase; except if it is upset by an external power, it will go on in that condition endlessly. For a solitary molecule, balance emerges in the event that the vector amount of all powers following up on the molecule is zero installments.
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We purchased 300 pairs of Jordans at the beginning of the year for $100 per pair. During the year we sold 500 pairs for $300 each. We later ordered 300 more pairs at $110 each. Answer the following questions using this format $xx,xxx.00.
What is our Cost of Goods sold using the FIFO method?
Answers
Answer:
Explanation: The variable cost will be $32 per pair of shoes. The shoes will sell for $108 for each pair.
benefits of internal and external environment marketing
Answers
Answer:
Internal environment refers to the factors that are within an organization's control, such as its culture, employees, management style, and resources. External environment refers to the factors that are outside an organization's control, such as competition, customer trends, and economic conditions. Both internal and external environment marketing have their own benefits:
Benefits of Internal Environment Marketing:
Better understanding of the company culture: By analyzing the internal environment, companies can gain a better understanding of their culture, values, and goals, which can help in creating a stronger brand identity.
Improved employee engagement: Internal environment marketing can help in creating a positive work environment, where employees feel valued and motivated to work harder, which can lead to increased productivity and better customer service.
Efficient use of resources: By analyzing the internal environment, companies can identify their strengths and weaknesses, which can help in making more informed decisions about how to allocate resources.
Benefits of External Environment Marketing:
Understanding customer needs and preferences: External environment marketing can help companies understand their customers' needs and preferences, which can help in creating products and services that better meet their needs.
Identifying new market opportunities: By analyzing the external environment, companies can identify new market opportunities, such as emerging trends or changes in customer behavior, which can help in expanding their customer base and increasing their revenue.
Competitive advantage: External environment marketing can help companies stay ahead of their competitors by identifying their strengths and weaknesses and by creating strategies to capitalize on their competitors' weaknesses.
Explanation:
Based on 2 images which i have attached below answer the question plss
Answers
The journal entry to record the purchase of equipment on January 1 is :
Date Account Title Debit Credit
Jan. 1 Equipment $ 1, 280
Cash $ 1, 280
How to record equipment purchase ?Upon purchase of the equipment, an increase in assets is made through debiting the Equipment account with its total cost. A decrease in assets is then represented upon crediting the Cash/Bank account for the same amount which was used to cover the cost (i.e., cash or bank balance).
This means that we will debit Equipment for the amount of $ 1, 280 which was the cost of the equipment, then we credit the cash account for the same amount to show it has reduced.
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I’m doing Economics but I’m not sure of this question.
Answers
A terminology which is given to consumers who were willing to pay for a higher price, but don't have to because the equilibrium price has been set lower is: C. consumer surplus.
What is price?Price can be defined as an amount of money which is primarily set by the seller of a good (product), and it must be paid by a buyer (consumer) to the seller, so as to enable the acquisition of this good (product).
What is consumer surplus?Consumer surplus can be defined as an economic measure of the difference between the willingness of consumers to pay for a good (product) at higher price and the equilibrium price or actual price paid by the consumers.
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Complete Question:
What is the term given to consumers who were willing to pay for a higher price, but don't have to because the equilibrium price has been set lower?
A. Market failure.
B. Quantity excess.
C. Consumer surplus.
D. Consumer drop.
Accounts Receivable account has a beginning balance of $52,000 and an ending balance of $69,000. If $47,000 was sold on account during the year, what were the total collections on account
Answers
Answer:
$30,000
Explanation:
Total collections on account is computed as;
= Accounts receivable at the beginning + Sales during the year - Accounts receivable at the end
Given that;
Accounts receivable at the beginning = $52,000
Sales during the year = $47,000
Accounts receivable at the end = $69,000
Therefore,
Total collections on account
= [($52,000 + $47,000) - $69,000]
= $30,000
Henry spent $550 to make 800 ceramic bowls to sell. What is the $550 he spent called? cost loss revenue profit
COST
LOSS
REVENUE
PROFIT
Answers
Answer: Cost.
Explanation:
He spent that money on materials to create a product. That is a cost. If he sold those bowls and $550 is what he made, it is revenue. If he sold the bowls and paid his costs and the new total came out to $550, that is profit. If he priced his bowls too high and spent money on materials that then made him no money, that is a loss of $550 (the total of the materials gone to waste).
Management accounting guidelines. For each of the following items, identify which of the management accounting guidelines applies: cost-benefit approach, behavioral and technical considerations, different costs for different purposes.
1. Analyzing whether to produce a component needed for the end product or to outsource it.
2. Deciding whether to compensate the sales force by straight commission or by salary.
3. Adding the cost of store operations to merchandise cost when deciding on product pricing, but only including the cost of freight and the merchandise itself when calculating cost of goods sold on the income statement.
4. Considering the desirability of purchasing new technology.
5. Weighing the cost of increased inspection against the costs associated with customer returns of defective goods.
6. Deciding whether to buy or lease an existing production facility to increase capacity.
7. Estimating the loss of future business resulting from bad publicity related to an environmental disaster caused by a company's factory in the Philippines, but estimating cleanup costs for calculating the liability on the balance sheet.
Answers
Key guidelines on accounting management allow accounting professionals can deliver value to their company's strategy and operational judgment. The criteria for key management accounts are:
Employing an approach to costs and benefits:Helps accounting examine allocation decisions such as buying
and buying; buying vs. buying.
Considerations of compliance and technology:Technical considerations allow managers to take perv financial
choices through the dissemination of data in the required format;
behavioral factors allow managers to give their colleagues
thorough information to guide people in improving their skills.
Various costs in various applications:In certain scenarios, management accountants will explore
adopting alternative ways to cost computing. The rationale is
because cost concepts are interpreted differently relying upon the
end-use purposes.
Approach to cost advantages:This can be a useful tool for visualizing the impact and effects
of the action.
Approach to cost advantagesApproach to cost advantagesConsiderations of compliance and technologyLearn more:
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Which non-income factor for a potential job would influence a person who needs to be
available to drive children to and from school and activities?
Answers
Non-income factor for a potential job would influence a person-
It need to be noted that the non-earnings element that could affect capacity process in an effort to in turn potential job influence someone who needs to be to be had to power children to and from faculty and activities is Independence.
Non-income elements can be regarded as factors that has impact on man or woman careers as well as the way of life.
therefore, potential job for people that need to be force children to and from school and sports regular, desires independence.
potential job are able to conclude that he needs independence because he could have enough time to cater for the ones children.
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Leimersheim GmbH has adopted the following policies regarding merchandise purchases and inven-
tory. At the end of any month, the inventory should be €15,000 plus 90% of the cost of goods to be
sold during the following month. The cost of merchandise sold averages 60% of sales. Purchase terms
are generally net, 30 days. A given month’s purchases are paid as follows: 20% during that month and
80% during the following month.
Purchases in May had been €150,000 and the inventory on May 31 was higher than planned
at €230,000. The manager was upset because the inventory was too high. Sales are expected to be
June, €300,000; July, €290,000; August, €340,000; and September, €400,000.
1. Compute the amount by which the inventory on May 31 exceeded the company’s policies.
2. Prepare budget schedules for June, July, and August for purchases and for disbursements for
purchases.
Answers
1. The amount by which the inventory on May 31 exceeded the company’s policies is €53,000.
2. The preparation of the budget schedules for June, July, and August for purchases and for disbursements for purchases is as follows:
a) Purchases:May June July August
Cost of goods sold 180,000 174,000 204,000
Ending Inventory €230,000 171,600 198,600 231,000
Goods available for sale 351,600 372,600 435,000
Beginning Inventory 230,000 171,600 198,600
Purchases €150,000 121,600 201,000 236,400
b) Disbursement for purchases:May June July August
20% during the month 24,320 40,200 47,280
80% following month 120,000 97,280 160,800
Total disbursements €144,320 €137,480 €208,080
How is the difference between actual inventory and inventory per company policy determined?Expected ending inventory = €15,000 plus 90% of the next month's cost of goods.
Cost of goods sold = 60% of sales
Purchase terms = net 30 days
Purchase payments:
20% during the month
80% following month
May June July August September
Expected Sales €300,000 €290,000 €340,000 €400,000
Cost of goods sold 180,000 174,000 204,000 240,000
Purchases €150,000
Ending Inventory €230,000
= €15,000 plus 90% of €180,000 = €177,000
Excess ending inventory for May = €53,000 ( €230,000 - €177,000)
Data and Calculations:Purchases:May June July August September
Expected Sales €300,000 €290,000 €340,000 €400,000
Cost of goods sold 180,000 174,000 204,000 240,000
Ending Inventory €230,000 171,600 198,600 231,000
Goods available for sale 351,600 372,600 435,000
Beginning Inventory 230,000 171,600 198,600 231,000
Purchases €150,000 121,600 201,000 236,400
Disbursement for purchases:20% during the month 24,320 40,200 47,280
80% following month 120,000 97,280 160,800
Total disbursements €144,320 €137,480 €208,080
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You have just signed a contract for your rental property and you will make monthly payments at the beginning of each month. Your monthly payments is $1000 and the monthly rate is 4% per month. Calculate the present value of your rental payments for the first year.
Answers
Answer:
$9,760.48
Explanation:
Present value of annuity due = P* [[1 - (1+r)^-(n-1)] / r] + P. Where P = Periodic payment = $1,000, r = Rate of interest per period 4% (0.48/12), n = number of payments 12 (12*1)
Present value of annuity = $1000 * [[1 - (1 + 0.04)^-(12-1)] / 0.04] + $1000
Present value of annuity = $1000*8.760475 + $1000
Present value of annuity = $8760.48 + $1000
Present value of annuity = $9,760.48
Roles and responsibility of central management(business policy)
Answers
Answer:
The Four Functions of Management: What Managers Need to Know
Planning. One main role of a manager is creating a plan to meet company goals and objectives. ...
Organizing. ...
Leading. ...
Controlling. ...
How to Develop Key Management Skills. ...
Work to Develop Your Management Skills With an MBA.
4. Gardening, Inc., borrowed $94,500 at 11.65 percent ordinary interest for 15 days:
What is the maturity value?
Answers
Answer:
$ 94952.434
Explanation:
94500 x 11.65% divide that by 365 days (1 year) ---A
Multiply that ans. (A) by 15 days ( according to question)
Which of the following is an Installation Commander/Agency Head responsibility?
Answers
They are in charge of all aspects of installation security, such as law enforcement, traffic control, physical security, data security, and information systems security.
As a Counterintelligence Special Agent, you will conduct investigations, gather and analyze physical and forensic evidence, and prepare the necessary countermeasures to eliminate threats from foreign intelligence and international terrorism.
The COS directs and coordinates the staff, allowing the Commander to concentrate on leadership, giving direction and intent, and building and strengthening relationships based on trust with partners, subordinates, and higher HQs. The importance of terms of reference document that outlines the essential staff members' and leaders' duties and responsibilities.
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Two key aspects of financial planning are cash planning and profit planning. Cash planning involves the preparation of the cash budget and profit planning involves preparation of pro forma statements. To make cash budget and pro forma statements for a firm, accounting knowledge is needed. Do accounting courses you took before help you better understand how to make cash budget and pro forma income statement and balance sheet? Explain.
Answers
Yes. Accounting courses I took before helps us understand how to make cash budget and pro forma income statement and balance sheet.
Here's how accounting courses can help individuals in creating cash budgets, pro forma income statements, and balance sheets:
Cash Budget: Accounting courses teach students about the importance of cash flow management and how to prepare a cash budget. Pro Forma Income Statement: Accounting courses teach students how to analyze historical financial data and use it to forecast future performance. Balance Sheet: Accounting courses provide a comprehensive understanding of balance sheets and their components. Students learn how to analyze assets, liabilities, and shareholders' equity to assess the financial position of a company.By studying accounting, individuals gain a solid foundation in financial concepts, reporting standards, and analytical techniques. This knowledge equips them with the skills necessary to create cash budgets, pro forma income statements, and balance sheets effectively.
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Cushman Company had $846,000 in sales, sales discounts of $12,690, sales returns and allowances of $19,035, cost of goods sold of $401,850, and $291,025 in operating expenses. Gross profit equals:
Answers
Answer:
Explanation:
I'm pretty sure that gross profit is simply just sales-Cost of goods sold
846,000-401,850= 444,150
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:
1. What is the materials quantity variance for March?
2. If Preble had purchased 171,000 pounds of materials at $7.20 per pound and used 155,000 pounds in production, what would be the materials quantity variance for March?
3. What is the labor rate variance for March?
4. What is the labor efficiency variance for March?
5. What is the labor spending variance for March?
Answers
Labor efficiency variance = (Actual hour * Standard rate) - (Standard hour * Standard rate).
Labor efficiency variance = $404,600 F
What is Labor efficiency variance?By "efficiency of labor," we mean a worker's ability to produce more or better work, or both, over the course of a given amount of time.
1) Labor efficiency variance = (68,000 * $17) - ((30,600 * 3) * $17)
Labor efficiency variance = $1,156,000 - (91,800 * $17)
Labor efficiency variance = $404,600 F
2) Variance in direct labor worked divided by variance in labor efficiency
Variance in labor costs is $404,600 - $68,000.
Variance in labor costs = $336,600 F
3) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.
Manufacturing variable overhead cost = 24,000 * $21
$504,000 is the variable manufacturing overhead cost.
4) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.
Cost of variable overhead in production = 30,600 * $21
$642,600 is the variable manufacturing overhead cost.
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describe the two types of brakes fitted on a motor vehicle
Answers
Answer:
brakes
Explanation:
because they brake
Explanation: There are two kinds of brakes that stop your vehicle while driving: disc and drum brakes. almost all vehicles come with emergency brakes and anti-lock brakes.
MotoSport is buying an asset that costs $730,000 and can be depreciated at 20 percent per year (Class 8) over its eight-year life. The asset is to be used in a three-year project; at the end of the project, the asset can be sold for $740,200. The company faces a tax rate of 26%. The sale of this asset will close the asset class. what is tax on CCA recapture
Answers
The tax on the CCA recapture is $306,332.
To calculate the tax on the Capital Cost Allowance (CCA) recapture, we need to determine the CCA claimed over the years and calculate the recaptured amount. The recaptured amount is the difference between the proceeds from the sale of the asset and the undepreciated capital cost (UCC) at the time of sale.
Given that the asset costs $730,000 and has a depreciation rate of 20% per year (Class 8) over eight years, we can calculate the CCA claimed each year:
Year 1: $730,000 * 20% = $146,000
Year 2: $730,000 * 20% = $146,000
Year 3: $730,000 * 20% = $146,000
Year 4: $730,000 * 20% = $146,000
Year 5: $730,000 * 20% = $146,000
Year 6: $730,000 * 20% = $146,000
Year 7: $730,000 * 20% = $146,000
Year 8: $730,000 * 20% = $146,000
The total CCA claimed over the eight years is $1,168,000.
At the end of the project, the asset can be sold for $740,200. The UCC at the time of sale is the original cost of the asset minus the CCA claimed:
UCC = $730,000 - $1,168,000 = -$438,000
Since the UCC is negative, there is a recapture of CCA. The recapture amount is the proceeds from the sale minus the UCC:
Recapture Amount = $740,200 - (-$438,000) = $1,178,200
Now, we can calculate the tax on the CCA recapture by multiplying the recapture amount by the tax rate:
Tax on CCA Recapture = $1,178,200 * 26% = $306,332
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Piels Corporation produces a part that is used in the manufacture of one of its products. The costs associated with the production of 10,000 units of this part are as follows:
Direct materials $ 90,000
Direct labor 130,000
Variable factory overhead 60,000
Fixed factory overhead 140,000
Total costs $420,000
Of the fixed factory overhead costs, $60,000 is avoidable. Conners Company has offered to sell 10,000 units of the same part to Piels Corporation for $36 per unit.
Required:
1. Assuming there is no other use for the facilities, Piels should ___________.
Answers
Answer:
It is cheaper to produce
Explanation:
Cost of producing
Direct materials - 90000
Direct labor - 130000
Variable factory overhead - 60000
Fixed factory overhead - 60000
Total cost - 340000
Cost of buying `10000*36 = 360000
Incremental cost of buying = 360000-340000 = $20,000
It is cheaper to produce at 340000/10000 = $34 /unit
In making a decision whether to buy or manufacture , variable cost and the avoidable costs are considered relevant for this purpose
Evaluate the following investment options by comparing their risk and liquidity: buying a franchise real estate (buying property) mutual fund Which of the three investment alternatives is the best for you? Explain the reasons for your choice.
Answers
Answer:
Buying a franchise: For me, this is the riskiest investment, because the success of the business depends on the product or service it sells. If there is no demand for the product or service, the business will go under. This investment is also highly illiquid—in addition, finding someone willing to buy a business is difficult.
Mutual fund: This is the least risky of the three investment options. It is highly liquid compared to buying a franchise or real estate. Mutual fund investors can easily cash in their investments by selling the units they hold in a fund at the current market price.
Real estate: Real estate is a risky investment. First, property prices can fall in a depressed housing market. Second, real estate properties are illiquid. They can’t be sold quickly for a good price, especially in times of recession in the housing market or in the overall economy.
A mutual fund is the best of the three investment options for me, for the following reasons:
I can invest small amounts of money regularly and get higher returns on the investment than I would from a savings account. Also, this is a highly liquid investment. In case of a financial emergency, I can quickly sell my mutual fund units at their current market price.
Real estate is currently both a risky and illiquid investment, because of poor market conditions.
Buying a franchise is not a good option for me, because I don’t plan to go into business. In any case, I don’t have the money to make this investment.
Explanation: PLATO
Buying a franchise: For me, this is the riskiest investment, because the success of the business depends on the product or service it sells. If there is no demand for the product or service, the business will go under. This investment is also highly illiquid in addition to someone willing to buy a business is difficult. Mutual fund is the least risky of the three investment options. It is highly liquid compared to buying a franchise or real estate. Mutual fund investors can easily cash in their Investments by selling the units they hold in a fund at the current market price. Real estate: Real estate is a risky investment. First, property prices can fall in a depressed housing market. Second, real estate properties are illiquid. They can't be sold quickly for a good price, especially in times of recession in the housing market or in the overall economy. A mutual fund is the best of the three investment options for me, for the following reasons: I can invest small amounts of money regularly and get higher returns on the investment than I would from a savings account. Also, this is a highly liquid investment. In case of a financial emergency, I can quickly sell my mutual fund units at their current market price. Real estate is currently both a risky and liquid investment, because of poor market conditions. Buying a franchise is not a good option for me, because I don't plan to go into business. In any case, I don't have the money to make this investment.
Explanation:
plato and i change it up a little