Use the following information to create an income statement and balance sheet.

Accounts Payable 250,000
Accounts Receivable 230,000
Cash 370,000
Common Stock 100,000
Costs 430,000
Depreciation Expense 40,000
Dividends 73,800
Goodwill 170,000
Interest Expense 60,000
Inventory 80,000
Land 499,770
Line of credit (used) 150,000
Long Term Loan 400,000
Paid in Surplus 225,000
Preferred Stock 75,000

Answers

Answer 1
Just add them up on a balance sheet

Related Questions

How do you know your Business is ready to partner with a Distributor?

Question 1 options:

You have the Sakes Staff to support it.


All of these Answers are right.


You have a strong Trucking and Delivery infastructure.


You have adequate Inventory Housing.

Answers

Answer:

All of these answers are right, but there are some additional factors that should also be considered when determining if your business is ready to partner with a distributor. Some of these factors include:

Product demand: Distributors are typically interested in partnering with businesses that have a proven track record of strong product demand. If your product is not yet well-established in the market, it may be more difficult to convince a distributor to partner with your business.Marketing and branding: If your business has a strong brand and marketing strategy, this can make it more attractive to potential distributors. Distributors want to partner with businesses that have a clear and compelling value proposition and a strong brand image.Financial stability: Distributors want to partner with businesses that are financially stable and have a strong track record of profitability. This can give them confidence that the partnership will be a mutually beneficial one.Scalability: Distributors want to partner with businesses that have the potential for growth and scalability. If your business has demonstrated that it can scale up production and increase sales, this can make it more attractive to potential distributors.Competitive advantage: Finally, distributors want to partner with businesses that have a competitive advantage in the market. This could be a unique product offering, a proprietary technology, or a strong distribution network. If your business has a strong competitive advantage, this can make it more attractive to potential distributors.

Select the correct text in the passage.
Read the following paragraph and determine which components highlight the purpose of personal protective equipment.
The food service manager of the restaurant San Lucas requests permission from the owner to buy personal protective equipment for some of the
kitchen staff. The owner comments that it is a good idea. She thinks that personal protective equipment would help the kitchen staff feel happier at
work. The staff would also look more professional when working in the open kitchen. The food service manager added that the personal protective
equipment would keep the employees safer, especially when working with extreme temperature items. He also informed the owner that the equipment
would allow the restaurant to comply with the latest government regulations on food service operations.
Reset
Next

Answers

The purpose of personal protective equipmentis that  the personal protective equipment would keep the employees safer, especially when working with extreme temperature items.

What is personal protective equipment?

Personal protective equipment  can be described as the meausres that can help to prevent the employee from danger in broader sense oit can be described as the items such as gloves, safety glasses and shoes, earplugs or muffs, hard hats, as well as  full body suits that can be used to ensure proper safety with theuse of personal protective equipment.

In conclusion, from the paragraph it can be seen that purpose of personal protective equipment  is one that would keep the employees safer, especially when working with extreme temperature items which is the  components that highlight the purpose of personal protective equipment.

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How do i get as much mony as bill gates todey?

Answers

Answer:

be very famous

Explanation:

be white
why do i need to have 20 letters

According to the video, which tasks do Urban and Regional Planners perform? Check all that apply.


developing recommendations to improve medical care

promoting the best use of land and resources

developing plans for growth and renewal

promoting campaigns for political elections

reviewing applications for government assistance
Nvm its b and c

Answers

Answer:

Wat

Explanation:

Answer:

b & c (did the assignment on edg) ;)

Explanation:

The board of directors of Herbalife Nutrition approved a 2-for-1 stock split. After the split, how many shares of Herbalife stock will an investor have if he owned 1,020 shares before the split

Answers

If the board of directors of Herbalife Nutrition approved a 2-for-1 stock split. After the split, the number of shares of Herbalife stock will an investor have if he owned 1,020 shares before the split is:2,040 shares.

How to find the number of shares?

Using this formula to find the number of shares

Number of shares before the split =  Number of  shares owned × Stock split

Let plug in the formula

Number of shares before the split = 1,020 shares × 2/1

Number of shares before the split = 2,040 shares

Therefore we can conclude that the number of shares before the split  is 2,040 shares.

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The main focus behind why Equal Exchange is in business is to help out the small farmers and be fair to their needs. This is exemplified by the slogan: "Small Farmers, Big Change." Who is Equal Exchange's main focus and target group to satisfy?

a. Organizational stakeholders
b. Capital market stakeholders
c. Environmental stakeholders
d. Product market stakeholders

Answers

The main focus behind why Equal Exchange is in business is to help out the small farmers and be fair to their needs. This is exemplified by the slogan: "Small Farmers, Big Change." Who is Equal Exchange's main focus and target group to satisfy option D. Product market stakeholders

What are product market stakeholders?

Product market stakeholders are individuals or groups that are directly or indirectly impacted by a company's products or services. These can include customers, suppliers, and distribution partners. In the case of Equal Exchange, their main product market stakeholders would be the small farmers and their customers who buy and consume the products that the small farmers produce.

Therefore, the correct answer is as given above. It could be concluded that product market stakeholders are main focus and target group in Equal Exchange.

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finance and financial planning professionals have to work with clients on a (what) basis?
monthly
daily
weekly or
rare​

Answers

Monthly customer interaction is necessary for those in finance and financial planning. As a result, choice (A) is right.

According to common use, a financial planning is a thorough assessment of a person's present financial situation and anticipated future financial status that uses current known variables to forecast future earnings, asset values, and withdrawal schedules.

A budget that organizes a person's finances is frequently included in this, as well as perhaps a list of actions or precise objectives for interaction future spending and saving.

This plan divides up future income into several categories of costs, such rent or utilities, while also setting aside a portion for both short- and long-term savings.

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The list price for a vacuum cleaner is $299.99 . Determine the net cost after a 15/10 / 10 series discount $ 206.54 $417.44 $299.64 $ 100.20

Answers

According to the question, the net cost after a 15/10/10 series discount is $206.54.

What is net cost?

Net cost is a financial measurement that takes into account all costs associated with a purchase or sale, less any income received from the transaction. It is calculated by subtracting the proceeds from the total costs incurred. Net cost is used to determine the total amount of money that a business must pay or receive in order to complete a transaction. It is used to help businesses make decisions about pricing, cost control, and investments.

The series discount is calculated by subtracting the first discount (15%) from the list price of $299.99, resulting in a new price of $254.99. Then the second discount (10%) is subtracted from the new price of $254.99, resulting in a new price of $229.49. Finally, the third discount (10%) is subtracted from the new price of $229.49, resulting in a net cost of $206.54.

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The valuation of the cat food business is based on cash flows of $180,500 per year over a five year period. The target business has the same risk as the firm’s overall operations. The cost of equity is 15 percent and the cost of debt is 3 percent on an after-tax basis. The firm’s capital structure consists of 10 million in equity and 8 million in debt.

What is the most the pet-food manufacturer should pay for acquiring the cat food business per its required return (WACC)?

Answers

Answer: $690,044

Explanation:

First calculate WACC.

Total capital = 10 + 8 = $18 million

WACC = (Weight of debt * after-tax cost of debt) + (weight of equity * cost of equity)

= (8/18 * 3%) + (10/18 * 15%)

= 9.67%

Using the WACC, find the present value of the cashflows for the next 5 years. This will be an annuity.

= 180,500 * (1 - (1 + r) ^-n)/r

= 180,500 * ( 1 - ( 1 + 9.67%) ^ -5)/9.67%

= $690,044.67

= $690,044

They should pay no more than this present value.

design an approach that your team would recommend for Joseph and Nicholas to cover one area each that you deem necessary to aid in the planning and controlling functions

Answers

The combines strategic planning, performance measurement, effective communication, and continuous improvement to support Joseph and Nicholas in their planning and controlling functions. It ensures a well-defined direction, data-driven decision-making, collaboration, and a focus on growth and adaptability.

In order to aid in the planning and controlling functions, the following approach can be recommended to Joseph and Nicholas:

1. Establish Clear Objectives and Goals: The first step in planning is to establish clear objectives and goals for the team. It is important to have a clear understanding of what needs to be accomplished and what the team's priorities are.

2. Assign Responsibilities: Assigning specific responsibilities to team members helps to ensure that everyone is working towards a common goal. Joseph and Nicholas should each be assigned to cover one area that is necessary for planning and controlling functions. This will help to ensure that all aspects of the project are covered and that there is no overlap or duplication of efforts.

3. Develop a Schedule: Developing a schedule that outlines the key milestones and deadlines for the project is essential to effective planning and control. This will help to ensure that the project stays on track and that deadlines are met.

4. Monitor Progress: Regularly monitoring progress against the schedule and objectives is necessary to ensure that the project is progressing as planned. This will help to identify any issues or problems that arise and allow for corrective action to be taken.

5. Communicate: Effective communication is critical to the success of any project. Joseph and Nicholas should establish a regular communication schedule to ensure that everyone is up-to-date on the project's progress, any issues or problems that arise, and any changes to the schedule or objectives.

6. Make Adjustments: Finally, it is important to be flexible and make adjustments as needed. If the project is not progressing as planned, adjustments may be necessary to the schedule or objectives to ensure that the project stays on track and that goals are met.

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14. The Martins used records of their past expenditures to complete their budget
sheet for the upcoming new year. If their average monthly living expenses are
$912, their fixed monthly expenses averaged $1,457, and their annual expenses
are $3,078, what amount should they expect to spend monthly?

Answers

Answer:

Expected monthly expenses = $2369

Given:

Average monthly living expenses = $912

Fixed monthly expenses = $1,457

Annual expenses = $3,078

Find:

Expected monthly expenses

Computation:

Expected monthly expenses = Average monthly living expenses + Fixed monthly expenses

Expected monthly expenses = $912 + $1457

Expected monthly expenses = $2369

How could managers address employee turnover
situations at their organisations?

Answers

It's simple to implement this turnover reduction method. Simple "thank yous" and notes of appreciation, whether verbal or written, may go a long way in acknowledging the hard work staff put in every day.

Another excellent approach to reward employees is by providing them with new chances. Businesses struggle with turnover because it can result in lost productivity, high hiring and training costs, and low morale among the surviving staff.

And lastly, a company's ability to attract and retain elite employees may suffer as a result of a high turnover rate. Employees misinterpreting their job expectations is one of the most frequent reasons for attrition.

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the 3 hour per week that 100 million volunteers donate every year in the US is equal to how many full time worker
a. 1 million
b. 7.5 million
c. 100 million
d. 750 million

Answers

The equivalent number of full-time workers based on the 3 hours per week volunteered by 100 million volunteers in the US is approximately 144,230 full-time workers. Option C is the correct answer.

To calculate the equivalent number of full-time workers based on the 3 hours per week that 100 million volunteers donate every year in the US, we need to determine the total number of hours volunteered and divide it by the number of hours worked by a full-time worker in a year.

Let's assume a full-time worker works an average of 40 hours per week, and there are 52 weeks in a year.

Total hours volunteered per year:

3 hours per week * 100 million volunteers = 300 million hours

Total hours worked by a full-time worker per year:

40 hours per week * 52 weeks = 2,080 hours

Equivalent number of full-time workers:

300 million hours / 2,080 hours = approximately 144,230 full-time workers

Option C is the correct answer.

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Punitive damages are damages imposed on the wrongdoer by the court as punishment for an unintentional tort.

True
False

Answers

Answer:

False.

Explanation:

Punitive damages are the damages that a defendant pays in addition to actual damages. Punitive damages are awarded by a court when the defendant's behavior is found to be intentional or negligent.

In the cases of tort liability, the court applies punitive damages when defendants motif is proved to be intentional.

Therefore, the given statement is false, as the court impose punitive damages for intentional tort.

I need help asap!!!!!

I need help asap!!!!!

Answers

The Reasons the solution was not successful:

Some of the tour developers objected to the solution, citing that specialized classes required too much effort and expense.Keisha was not pleased with the extra funds requested by the tour developers for the classes, leading her to put a stop to the planning of the classes until further notice.Sharon's lack of communication with Keisha about the solution beforehand may have contributed to Keisha's negative reaction to the extra funds requested by the tour developers.

What are educational tours?

Generally, Educational tours are trips that students take as part of their curriculum in order to learn more about a certain subject or to visit a certain area.

These trips often involve visits to museums, historical sites, and other places of learning.

They can also include interactive activities and discussions to help students gain a better understanding of the topics they are studying.

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Determine the missing amount:
Assets=Liabilities+owners Equity x 272000 573000

Answers

Based on the given amounts of assets and liabilities, the missing amount of Owner's equity is $301,000

How to find the equity?

The Owners equity is one of the parts of the Accounting equation which is:

Assets = Liabilities + Owners Equity

The Assets in this instance is $573,000 and the Liabilities are $272,000.

The Owner's equity is the missing amount and it can be found as:

573,000 = 272,000 + Owners Equity

Owners Equity = 573,000 - 272,000

Owners Equity = $301,000

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Derrick is trying to compare several insurance policies. What types of coverage should he compare in each one? What types of coverage might he need in addition to a standard policy?

Answers

Age,health,life exspectancy.Your finances,and debts.Your assets.

f Honduras is open to international trade in oranges without any restrictions, it will import
tons of oranges.
Suppose the Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers. A tariff of
$
per ton will achieve this.
A tariff set at this level would raise
$
in revenue for the Honduran government.

Answers

Suppose that Honduras is open to international trade in oranges without any restrictions, it will import an infinite amount of oranges. Therefore, the import of oranges can be limited through a tariff. The Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers.

A tariff of $720 per ton will achieve this. A tariff set at this level would raise $72,000 in revenue for the Honduran government.

Tariff: It is a tax imposed by a government on imported or exported goods. The main purpose of a tariff is to limit imports and protect domestic production and employment.

In this scenario, a tariff is imposed by the Honduran government to limit the import of oranges and help domestic producers. Therefore, if the tariff is set at $720 per ton, then it would reduce the imports of oranges to exactly 100 tons, which is the desired goal of the Honduran government.

Moreover, the tariff rate multiplied by the number of imports gives the amount of revenue raised by the Honduran government, which is $720 × 100 = $72,000. Thus, a tariff set at $720 per ton will raise $72,000 in revenue for the Honduran government.

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Which of the following is not an advantage cost plus pricing

Answers

It leads to profit maximization is not an advantage of cost plus pricing.

What is Profit maximization?

Profit maximization is a short- or long-term technique that helps businesses choose the prices, input levels, and output levels that will provide the most profit overall.

Businesses go through the procedure of profit maximization to ensure that the ideal levels of productivity and pricing are attained in order to maximize their profits. In order to meet its profit goals, the corporation alters crucial factors including sale price, cost of production, and value of output. Businesses must reduce costs if they want to increase earnings. Simply said, cost reduction refers to a company's ability to maximize production or provide a particular outcome with the fewest resources feasible.

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Pam retires after 28 years of service with her employer. She is 66 years old and has contributed $57,750 to her employer's qualified pension fund, all of which was taxable when earned. She elects to receive her retirement benefits as an annuity of $5,775 per month for the remainder of her life. Assume that Pam lives 25 years after retiring. What is her gross income from the annuity payments in the twenty-fourth year?

Answers

Answer:

$69,300

Explanation:

Calculation for her gross income from the annuity payments in the twenty-fourth year

Using this formula

Gross income Annuity payment =Annuity retirement benefits*Number of month in a year

Let plug in the formula

Gross income Annuity payment =$5,775× 12 payments

Gross income Annuity payment = $69,300

Therefore her gross income from the annuity payments in the twenty-fourth will be $69,300

"Mr. Bergh sent the firm's then top 60 managers six questions about the pros and cons of the business - and started interviewing each of them." Why would Mr. Bergh ask his managers questions about the pros and cons of the business? What type of information was he attempting to retrieve in his interview process? Do you feel that this is an effective way of communication from a leadership perspective?

Answers

Mr. Bergh asked his managers about the pros and cons of the business to gather valuable insights, encourage collaboration, and enhance organizational performance, making it an effective communication approach from a leadership perspective.

Mr. Bergh likely asked his managers questions about the pros and cons of the business to gain valuable insights and feedback from those who have a deep understanding of the organization's operations. By seeking input from the top 60 managers, he could gather a comprehensive perspective on the strengths and weaknesses of the business.

In his interview process, Mr. Bergh was likely attempting to retrieve information about various aspects of the business, such as identifying areas of improvement, understanding challenges faced by the managers, exploring potential opportunities, and gathering ideas for strategic decision-making.

By asking specific questions, he could assess the managers' knowledge, critical thinking, and problem-solving abilities. The goal would be to obtain actionable insights that could inform the company's future direction and enhance its performance.

From a leadership perspective, this approach can be highly effective. Engaging with managers and soliciting their opinions demonstrates a collaborative and inclusive leadership style.

It empowers managers by involving them in decision-making processes and signaling that their expertise and perspectives are valued. It also fosters a culture of open communication, encourages creativity, and enables the organization to tap into the collective intelligence of its top management.

However, the effectiveness of this approach depends on the receptiveness of the managers, the level of trust and psychological safety within the organization, and how the collected feedback is utilized.

It is essential for leaders to create an environment where managers feel comfortable expressing their views and ensure that the information gathered is acted upon or considered in decision-making processes. Regular and transparent communication should follow to close the feedback loop and demonstrate a commitment to continuous improvement.

In summary, asking managers about the pros and cons of the business and conducting interviews can be an effective way for a leader to gather valuable insights, foster collaboration, and enhance organizational performance when accompanied by a supportive leadership style and a commitment to act upon the feedback received.

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q Conflict Consequences 2 Difference between critical and Creative thinking. 3. Positive Use & Teisure time 41m Portance & Self Identity Svalues associated with creative Thinking​

Answers

Critical thinking involves analyzing and evaluating information, while creative thinking involves generating new ideas and solutions. Positive use of leisure time includes engaging in activities that promote personal well-being, learning, self-improvement, socializing, and exploring new experiences.

Difference between critical and creative thinking:

Critical thinking is a cognitive process that involves analyzing and evaluating information or arguments in a logical and systematic manner. It focuses on objective analysis, reasoning, and problem-solving. Critical thinking requires the ability to question assumptions, recognize biases, and assess evidence to form well-reasoned judgments or decisions.

On the other hand, creative thinking involves generating new ideas, insights, or solutions. It is a process of divergent thinking, breaking away from conventional thoughts and exploring alternative perspectives.

Creative thinking often involves combining different ideas, making connections, and thinking outside the box. It encourages imagination, flexibility, and the ability to embrace uncertainty.

While critical thinking aims to assess and evaluate existing information or arguments, creative thinking aims to generate new possibilities or approaches. Critical thinking seeks to analyze and deconstruct, while creative thinking seeks to synthesize and construct.

Positive use of leisure time:

Leisure time refers to the period when individuals are free from work or other obligations and can engage in activities of their choice. Positive use of leisure time involves engaging in activities that contribute to personal well-being, growth, and fulfillment. Here are some examples:

Pursuing hobbies and interests: Engaging in activities such as painting, playing a musical instrument, gardening, or sports can provide relaxation, personal enjoyment, and a sense of accomplishment.

Learning and self-improvement: Using leisure time to learn new skills, read books, take online courses, or engage in personal development activities can enhance knowledge, broaden perspectives, and foster personal growth.

Physical and mental well-being: Allocating leisure time for exercise, meditation, yoga, or other wellness activities promotes physical fitness, reduces stress, and enhances overall well-being.

Socializing and building relationships: Spending leisure time with family, friends, or participating in community activities helps foster social connections, build relationships, and strengthen support networks.

Exploring new experiences: Traveling, visiting museums, attending cultural events, or trying new cuisines broadens horizons, provides exposure to different cultures, and creates memorable experiences.

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Discuss silence is golden in relation to ethics at the work place

Answers

Answer:

Silence is a golden virtue and it involves more of listening than speaking .It is required under certain circumstances and environment. It is always advisable to remain quite silent and not be too quick to respond to situations or issues so as to avoid making and saying wrong words.

The ethics in a workplace involves communicating with others with less amount of talking as possible and more of body languages and signs. This is because the workplace is meant to be a serene place. Lack of serenity can cause distractions and Lower the productivity of the workers.

the principal represents an amount of money deposited in a savings account subject to company interest...find how much money will be in te account after the given number of years

Answers

Answer:

interest rate

Explanation:

the interest rate determines the amount that would accrue to the principal as time goes by. the higher the interest rate, the higher the amount that would be in the account

Many graduates choose to go to a community college or a trade school after graduation to save money on tuition. Typically, a trade school program takes two years to complete and ends with
an apprenticeship in the student's chosen trade to provide hands-on training.
How does the decision to go to a trade school rather than a university affect the long-term financial goals of an individual? IE.1.4
O It leads to less hands-on training and less difficulty finding a job.
O It creates less debt from tuition and the ability to enter the workforce sooner.
O It leads to more hands-on training and more difficulty finding a job.
O It creates more debt from tuition, and trade school takes longer to complete.

Answers

Going to a trade school rather than a university can positively affect the long-term financial goals of an individual by Option B. It creates less debt from tuition and the ability to enter the workforce sooner.

One of the primary advantages of choosing a trade school is the lower cost of tuition compared to a traditional university. Trade schools typically have lower tuition fees, making them more affordable for many students. This translates to less debt burden, allowing individuals to start their careers with a smaller financial obligation.

Additionally, trade school programs are typically shorter in duration, typically taking two years to complete. This means that students can enter the workforce and start earning sooner compared to the longer duration of university programs. By gaining early entry into the workforce, individuals have the opportunity to start earning and saving money earlier, contributing to their long-term financial goals.

Furthermore, trade school programs often emphasize hands-on training and practical skills development. This prepares students directly for their chosen trade and enhances their employability. They gain specific, job-related skills that are in demand, which can make it easier for them to find employment in their field upon completion of the program.

In contrast, attending a university often involves higher tuition costs, longer program durations, and a broader education rather than a focused trade-specific curriculum. While universities provide valuable knowledge and opportunities for certain careers, trade schools offer a more cost-effective and streamlined path for individuals seeking hands-on training and immediate entry into the workforce. Therefore, the correct option is B.

The question was incomplete, Find the full content below:

Many graduates choose to go to a community college or a trade school after graduation to save money on tuition. Typically, a trade school program takes two years to complete and ends with an apprenticeship in the student's chosen trade to provide hands-on training. How does the decision to go to a trade school rather than a university affect the long-term financial goals of an individual? IE.1.4

A. It leads to less hands-on training and less difficulty finding a job.

B. It creates less debt from tuition and the ability to enter the workforce sooner.

C. It leads to more hands-on training and more difficulty finding a job.

D. It creates more debt from tuition, and trade school takes longer to complete.

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1. Problems and Applications Q1 In 2012, the Bureau of Labor Statistics (BLS) announced that of all adult Americans, 142,496,000 were employed, 12,506,000 were unemployed, and 88,310,000 were not in the labor force. What is the adult population

Answers

Answer:

the adult population is 243,312,000

Explanation:

The computation of the adult population is shown below:

The Total adult population is

= Employed + Unemployed +  Not in the labor force

= 142,496,000 + 12,506,000  + 88,310,000

= 243,312,000

Hence, the adult population is 243,312,000

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Ecker, Inc. produces milk at a total cost of $66,000. The production generates 60,000 gallons of milk which can be sold for $1 per gallon to a pasteurization company, or the milk can be processed further into ice cream and then sold for $3 per gallon. It costs $75,000 more to turn the annual milk supply into ice cream.

Required:
If Ecker processes the milk into ice cream, how much is the incremental profit or loss? Should Ecker process the milk into ice cream or sell it as is?

Answers

Answer:

Yes it should make milk into ice cream and sell it

It will gain profit of $9000

Explanation:

please mark as brainlyest

Selling and shipping raw materials or products to other nations is called
O a. alien trading.
O b. importing.
O c. deficit trading.
O d. tariffing.
O e. exporting.

Answers

Answer:

exporting

Explanation:

export

verb

gerund or present participle: exporting

/ɪkˈspɔːt,ɛkˈspɔːt,ˈɛkspɔːt/

send (goods or services) to another country for sale.

"nearly all the bananas produced were exported to Britain"

Similar:

sell overseas/abroad

market overseas/abroad

send overseas/abroad

trade internationally

transport

Opposite:

import

spread or introduce (ideas and beliefs) to another country.

"the Greeks exported Hellenic culture around the Mediterranean basin"

Similar:

transmit

spread

disseminate

circulate

communicate

pass on

put about

convey

bruit about/abroad

COMPUTING

transfer (data) in a format that can be used by other programs.

"the information can be exported to a database"

Compute the cost that is assigned to the car wheels and truck wheels product lines using an activity-based costing system, given the following information. (Round answers to 0 decimal places, e.g. 1,575.) Expected Use of Cost Drivers per Product Car Truck Number of setups 200 800 Direct labor hours 40,000 30,000 Number of inspections 100 1,100

Answers

Answer:

Results are below.

Explanation:

First, we need to calculate the activity rates. We weren't provided with the estimated costs for each activity. I will assume some costs and formulas to guide an answer.

Set up costs= $100,000

Assembly (direct labor)= $1,200,000

Inspection= $250,000

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Set up= 100,000 / 1,000= $100 per set up

Assembly= 1,200,000 / 70,000= $17.14 per direct labor hour

Inspection= 250,000 / 1,200= $208.33 per inspection

Now, we can allocate costs to each product line:

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

Car:

Set up= 100*200= $20,000

Assembly= 17.14*40,000= $685,600

Inspection= 208.33*100= $20,833

Truck:

Set up= 100*800= $80,000

Assembly= 17.14*30,000= $514,200

Inspection= 208.33*1,100= $229,163

Diana is looking to borrow $11,000 to help her meet some financial obligations. Stark Bank offered her a loan with a repayment of $447 month for 36 months and Wayne Financial offered her a loan with a repayment of $356 month for 60 months. She has the money for both repayment terms and needs to find out which one will cost her the least overall to have. Which offer is a better financial deal and explain why?

Answers

Stark Bank offered her a loan with a repayment of $447 month for 36 months and Wayne Financial offered her a loan with a repayment of $356 month .

How can someone with little income acquire a loan?

It might be simpler to obtain a loan with a lesser income if you include a co-signer or co-borrower on your application, especially if they have better credit and a larger income. Request a lower amount. Requesting a smaller loan amount may help you get authorized because the lender takes less risk when making a smaller loan.

Where is the easiest place to get a loan?

Credit unions are good places for borrowers with fair or bad credit to get a personal loan because they may have softer requirements and lower interest rates. To apply for a loan, you must become a member first, which typically requires a small fee.

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