Answer:
A subsidy is a benefit given to an individual, business, or institution, usually by the government. ... The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given to promote a social good or an economic policy.
the wildlife department has been feeding special food to rainbow trout finger lings in a pond. A sample of weight of 40 trout revealed that the mean weight is 402.7 grams and the standard deviation 8.8 grams .
what is estimated mean wight of population? what is 99% confidence interval?,what degree of confidence is being used? interparet the result
We estimate the mean weight of the population to be 402.7 grams, with a 99% confidence interval of (398.77, 406.63) grams. The degree of confidence used is 99%.
To estimate the mean weight of the population of rainbow trout fingerlings, we can use the sample mean as an estimate. In this case, the sample mean weight is 402.7 grams.
Since the sample is a good representation of the population, we can consider this as our estimate for the population mean weight.
To determine the 99% confidence interval, we need to calculate the margin of error. The margin of error is given by multiplying the critical value (z*) with the standard deviation of the sample mean.
For a 99% confidence level, the critical value is 2.576 (obtained from a standard normal distribution table).
The margin of error is then calculated as 2.576 * (8.8 / sqrt(40)), which equals 3.932 grams. Therefore, the 99% confidence interval for the mean weight of the population is 402.7 ± 3.932, or approximately (398.77, 406.63) grams.
The degree of confidence used is 99%, meaning that if we repeated the sampling process multiple times, approximately 99% of the resulting confidence intervals would contain the true population mean weight.
In conclusion, we estimate the mean weight of the population to be 402.7 grams, with a 99% confidence interval of (398.77, 406.63) grams. This means we are 99% confident that the true population mean weight falls within this range.
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Problem 1 (6 Marks)
On 1 January 2015, KZ Ltd purchased equipment for a total cost of $55,000. The estimated
useful life of the equipment was 8 years, with an estimated residual value of $5,000. The
entity's reporting period ends on 30 June, and it uses straight-line depreciation. On 1 July
2017, KZ Ltd revalued the equipment upwards to reflect the fair value of $70,000. The
revised useful life was 7 years and residual value was estimated at $nil. On 1 January 2019,
KZ Ltd sold the equipment for $56,500.
Prepare the following journal entries (assuming no GST):
a) journal entries on 1 July 2017 for the revaluation of the equipment.
b) Journal entry on 30 June 2018 for the depreciation expense.
c) Journal entries on 1 January 2019 for the sale of the equipment.
Solution:
KZ'td
The Journal Entries are as follows:
a) 1 July 2017:
Debit Equipment Revaluation $39,375
Debit Accumulated Depreciation $15,625
Credit Equipment $55,000
To transfer the accounts to Equipment Revaluation account.Debit Equipment $70,000
Credit Equipment Revaluation $70,000
To record the revaluation of the equipment.b) 30 June 2018:
Debit Depreciation Expense $12,727
Credit Accumulated Depreciation $12,727
To record depreciation expense for the year.c) 1 January 2019:
Debit Cash $56,500
Credit Sale of Equipment $56,500
To record the sale of the equipment.Debit Sale of Equipment $70,000
Credit Equipment $70,000
To transfer the equipment to sale of equipment account.Debit Accumulated Depreciation $19,091
Credit Sale of Equipment $19,091
To transfer accumulated depreciation to Sale of equipment account.Debit Equipment Revaluation $30,625
Credit Income Summary $30,625
To transfer the surplus on equipment revaluation.Data Analysis:
1 Jan. 2015 Equipment Purchase = $55,000
Estimated useful life = 8 years
Estimated residual value = $5,000
Depreciation amount = $50,000 ($55,000 - $5,000)
Annual depreciation expense based on straight-line method = $6,250 ($50,000/8)
Accumulated depreciation for 2.5 years (January 2015 to June 2017) = $15,625 ($6,250 x 2.5)
1 July 2017 Book value of equipment = $39,375 ($55,000 - $15,625)
Fair value of equipment = $70,000
Revaluation Surplus = $30,625
Revised useful life = 7 years
Remaining useful life = 5.5 years (7 - 2.5)
Estimated residual value = $0
Annual depreciation expense = $12,727 ($70,000/5.5)
1 January 2019:
Accumulated depreciation for 1.5 years = $19,091 ($12,727 x 1.5)
Sales proceeds = $56,500
Gain from sale of equipment = $5,591
Thus, the gain on sale of equipment of $5,591 will be recognized at the end of the year.
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function of financial system?
Answer:
A financial system functions as an intermediary and facilitates the flow of funds from the areas of surplus to the areas of deficit. It is a composition of various institutions, markets, regulations and laws, practices, money managers, analysts, transactions, and claims & liabilities.May 29, 2016
(can u flag me)
5 outs. She packs one for her lunch almost every day. A co-worker sees Saanvi enjoying her lunch and asks her if she cooked the sprouts before assembling her pita. Since Saanvi’s lunch is designed to be eaten cold, she is confused. Which BEST explains the reason for her co-worker’s inquiry? A. The co-worker has mistaken the sprouts for iceberg lettuce. B. The sprouts might smell rancid if they are not cooked first. C. The sprouts may have invisible pathogens on them. D. Cooking the sprouts will change their taste and texture.
Answer:
D. Cooking the sprouts will change their taste and texture.
Explanation:
What kind of warranty is often offered not through the manufacturer but instead through a third party? a. manufacturer’s warranty b. extended warranty c. full warranty d. limited warranty Please select the best answer from the choices provided
Answer:
The correct answer is B.
Explanation:
I just took the test, and B is correct.
An extended warranty is often offered by a third party instead of a manufacturer. The correct option is b.
What do you understand about an extended warranty?An extended warranty or service agreement is a prolonged warranty offered to customers in addition to the standard warranty on new items. This kind of warranty can be offered by the warranty administrator, the retailer or the manufacturer.
Extended warranties cost extra and for a percentage of the item's retail price. Occasionally some extended warranties that are purchased for multiple years state in writing that during the first year the consumer must still deal with the manufacturer in the occurrence of malfunction.
There are certain terms and conditions in extended warranty which may not match the original terms and conditions. For instance, these may not cover anything other than mechanical failure from normal usage.
Some common examples of extended warranties are automobiles and electronics.
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illustrate the effect that a decrease in a price of milk (an input of ice cream) would have on the market for ice cream.
A decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.
A decrease in the price of milk is likely to have a direct effect on the market for ice cream. Milk is a key ingredient in the production of ice cream, and so a decrease in the price of milk would lead to a decrease in the production cost of ice cream. The impact of this decrease in production cost will result in an increase in the supply of ice cream. The supply curve will shift to the right, showing that more ice cream is available for sale at any given price.
This means that the equilibrium price of ice cream will decrease because suppliers are willing to sell more ice cream at lower prices due to lower production costs. As a result, consumers would demand more ice cream because they would be able to purchase it at a lower price. This increase in demand would cause the demand curve to shift to the right, further increasing the equilibrium quantity of ice cream traded in the market.
Therefore, a decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.
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If you were Marshall’s manager how might you increase Marshall’s awareness of the negative impact he is having on his team?
As Marshall's manager, I would increase his awareness of the negative impact he is having on his team by providing specific and constructive feedback on his behavior and its consequences. This would involve having open and honest conversations with Marshall, highlighting examples of how his actions are affecting team morale, productivity, and collaboration.
In order to effectively address Marshall's negative impact on his team, it is important to approach the situation with clarity and professionalism. By providing specific examples of incidents where Marshall's behavior has caused harm, I can help him understand the direct consequences of his actions. This feedback should be delivered in a constructive manner, focusing on the behaviors rather than attacking his character.
By emphasizing the impact on team dynamics, performance, and overall work environment, Marshall can begin to see the need for change. Additionally, it would be beneficial to discuss alternative approaches and provide guidance on how he can improve his interactions with the team. Ongoing feedback and support from me as his manager can help Marshall recognize the negative impact he is having and encourage him to take steps towards positive change.
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Barton Corporation acquires a coal mine at a cost of $1,800,000. Intangible development costs total $360,000. After extraction has occurred, Barton must restore the property (estimated fair value of the obligation is $180,000). Barton estimates that 6,000 tons of coal can be extracted. What is the amount of depletion per ton
Answer: $390 per ton
Explanation:
The depletion per ton is:
= Total cost of acquiring the coal mine / Number of tons that can be extracted
= (Acquisition cost + intangible development cost + Fair value of restoration) / Number of tons that can be extracted
= (1,800,000 + 360,000 + 180,000) / 6,000
= $390 per ton
A marketing firm is hiring for different positions in the company. Match the candidates to the career role that they are most suited for based on their
academic qualifications.
Alia has a bachelor's degree with no experience.
Lucy has completed high school.
Glen has completed a Master's degree.
marketing manager
marketing research analyst
retail salesperson
Based on their academic qualifications, the candidates can be matched to the following career roles:
- Alia, with a bachelor's degree and no experience, is most suited for the role of marketing research analyst.
- Lucy, who has completed high school, is most suited for the role of a retail salesperson.
- Glen, with a Master's degree, is most suited for the role of a marketing manager.
Alia's bachelor's degree qualifies her for a higher-level position that requires analytical and research skills, making her a good fit for the marketing research analyst role. Despite her lack of experience, her academic qualifications provide a foundation for conducting market research, analyzing data, and generating insights to support marketing strategies and decision-making.
Lucy, having completed high school, is best suited for a role that typically requires less formal education. The position of a retail salesperson typically does not demand higher academic qualifications, but instead emphasizes customer service skills, product knowledge, and the ability to engage with customers effectively.
Glen's completion of a Master's degree places him in a position of higher academic achievement. With this level of education, Glen is better equipped to take on the responsibilities and strategic decision-making required of a marketing manager. His advanced degree indicates a deeper understanding of marketing principles, leadership capabilities, and the ability to oversee marketing campaigns, team management, and overall marketing strategy development.
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On December 31, 2021, Campbell obtained a loan for $650 and used the proceeds, along with the transfer of 35 shares of its $10 par value common stock, in exchange for all of Newton’s common stock. At the time of the transaction, Campbell’s common stock had a fair value of $40 per share.In connection with the business combination, Campbell paid $25 to a broker for arranging the transaction and $30 in stock issuance costs. At the time of the transaction, Newton’s equipment was actually worth $1,450 but its buildings were only valued at $590.Compute the consolidated equipment (net) account at December 31, 2021.
The consolidated common stock account at December 31 is $1,430
Using this formula
December 31 Consolidated common stock account=Common Stock + Stock Issued par value
Let plug in the formula
December 31 Consolidated common stock account=$1,080+($10 × 35 shares)
December 31 Consolidated common stock account= $1,080 + $350
December 31 Consolidated common stock account= $1,430
Inconclusion The consolidated common stock account at December 31 is $1,430
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Select all that apply
Which of the following appear on the statement of stockholders' equity? (Select all that apply.)
Dividends
Property, plant, and equipment
Net income
Cash received during the accounting period
Beginning balance of retained earnings
The items that would appear on the statement of stockholders' equity are dividends, net income and beginning balance of retained earnings
What is statement of stockholders' equity?
The statement of stockholders' equity is one of the final accounts or financial statements of the company which shows the transactions between the company and its stockholders for the current period as well as the balances of prior periods.
The statement of stockholders' equity would contain dividends, which are paid to shareholders as the returns on their investment for the current period, net income, which is the profits of the business after paying taxes to relevant tax authority and the opening of retained earnings.
Note that property, plant and equipment would be shown on the balance sheet and the cash received in cash flow statement
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___________________________relate a firm’s stock price to its earning and book value.
Market value ratios relate a firm’s stock price to its earning and book value.
What is a stock?In Trading and securities, a stock is also referred to as equity and it can be defined as a financial security which represents a stockholder's ownership of a fraction of a corporation.
What is a market value ratio?A market value ratio can be defined as a financial metric that is typically used for the measurement and analysis of the stock prices of a business organization with respect to its earning and book value.
In conclusion, market value ratio helps to track the financial performance of a business organization, in order to understand its position in the market.
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Jimmy's pizza bought a new pizza oven for $7,276. The useful life is estimated to be 12 years and the salvage value is $400. If jimmy uses straight line depreciation:
A. Calculate the annual depreciation
B. Determine the book value of the oven at the end of 8 years.
Answer:
see below
Explanation:
In straight-line depreciation, depreciation is a constant figure throughout the useful life of an asset.
The depreciation rate = 1/useful life x 100
For Jimmy's pizza depreciation rate
=1/12 x 100
=8.333%
The depreciable rate = Asset cost - salvage value
=$7,276 - $400
=$6,876
Annual depreciation = 8.333% x $6,876
=0.08333 x $6,876
=$573 per year
Book value after 8 years
=Asset value minus accumulated depreciation.
Accumulated depreciation = annual depreciation x number of year
Accumulated depreciation = $573 x 8
Accumulated depreciation= $4,584
Book value =$7,276 - $4,584
= $2,692
Which of the following statements is false?
Millions of people can't afford to make their student loan payment every month.
Our culture accepts student loan debt as normal and sometimes even refers to it as
good debt.
Debt is owing anything to anyone for any reason.
A student loan is an award.
Identify the South African barriers to entry market share
Barriers to entry in South Africa include:
High startup costsLimited access to financingWhat are some barriers to entry ?Some industries in South Africa entail expensive start-up costs like procurement of equipment, infrastructure development or acquiring licenses which can be limiting for new entrants.
Several startups may encounter challenges in obtaining financial aid due to limited capital availability or stringent borrowing rules as well as exorbitant interest charges. The regulatory framework within the country is multifaceted and applies robust controls across a multitude of sectors that may be restrictive for businesses trying to establish themselves.
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3. Find the amount of tax owed: residential property valued at $162,000.00; assessed at 15%; taxed at $12.00 per hundred
dollars worth of property.
The amount of tax owed for the residential property is $29.16.
How to calculate the amount of tax owed1. Calculating the assessed value of the property by multiplying the property value by the assessment rate (expressed as a decimal):
Assessed value = Property value x Assessment rate
Assessed value = $162,000.00 x 0.15
Assessed value = $24,300.00
2. Calculate the taxable value of the property by dividing the assessed value by 100:
Taxable value = Assessed value / 100
Taxable value = $24,300.00 / 100
Taxable value = $243.00
3. Calculate the amount of tax owed by multiplying the taxable value by the tax rate:
Tax owed = Taxable value x Tax rate
Tax owed = $243.00 x ($12.00 / $100.00)
Tax owed = $29.16
Therefore, the amount of tax owed for the residential property is $29.16.
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The purchase of a house, property, or land is called a
OA. money market
B. real estate
C. pooled
D. hedge fund
investment.
Answer:
it is real estate which is
Explanation:
Real estate is defined as the land and any permanent structures, like a home, or improvements attached to the land, whether natural or man-made. Real estate is a form of real property
B. real estate
The purchase of a house, property, or land is called real estate. Real estate refers to land and any physical property or improvements affixed to the land, such as houses, buildings, fences, and bridges. The term is commonly used in the context of buying, selling, or renting properties for residential, commercial, or industrial use. Therefore, option B is the correct answer. Options A, C, and D do not accurately describe the purchase of real estate.
Rooms booked well in advance may receive a lower rate than those rooms booked at
the last minute. What term best refers to this concept?
ADR
Orack rate
yield management
accounting services
Answer:
Explanation:
The answer is c. 200 rooms
Refer to the supply and demand data for a certain elective surgical procedure. Without health insurance, the equilibrium price and quantity would be: Group of answer choices $3,000 and 7,000. $2,000 and 11,000. $5,000 and 2,000. $4,000 and 4,000.
Answer:
$3,000 and 7,000
Explanation:
Please find attached the table used in answering this question
Equilibrium price is the price at which quantity demand equal quantity supplied.
Equilibrium quantity is the quantity that equates quantity demand with quantity supplied.
Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded. As a result of the surplus, price would fall until equilibrium is reached.
Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied. As a result of the shortage, price would rise until equilibrium is reached
Supply chain management is less about managing the physical movement of goods and more about managing information. Discuss the implications of this statement.
Supply chain management and actual distribution make up the distribution process.
What is distribution?Distribution is the process of delivering goods and services from the producer or manufacturer to the final consumer. It involves a series of activities such as storage, transportation, and marketing that ensure that products are available at the right place and time for customers. Distribution channels vary depending on the nature of the products or services, the target market, and the business strategy. For instance, a company may choose to sell its products directly to consumers through its own outlets or online platforms, or through intermediaries such as wholesalers, retailers, or distributors. Effective distribution is critical for the success of any business, as it ensures that products are delivered efficiently, cost-effectively, and in a way that meets the needs and expectations of customers.
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Word processing software
All companies must be truthful in their advertising and not make false claims. You have likely heard or read such claims. For example, questionable claims often come from companies that make diet pills or beauty products. Or, perhaps you or someone you know have received a fraudulent robocall.
The Federal Trade Commission (FTC) operates the Bureau of Consumer Protection to enforce fair and truthful business practices, and to investigate complaints about those that are unfair, deceptive, or fraudulent.
In this activity, you will research ads from at least three companies and determine if they appear to be truthful or deceptive. You will also include an example of a robocall. Follow these steps to complete this activity. You will create a report and a chart in Word based on the directions below.
Step 1:
View or listen to ads for products or services online, on your phone, or on television.
Take notes on at least three ads (especially those that appear potentially suspicious to you) and list the following:
Name of the company and its product or service
Stated claim about the product or service
Your assessment of the truth or falsehood of the ad
Step 2:
Write a brief report in Word, including the following details:
Explain how and where you gathered your info (online, etc.)
Describe a robocall you or someone you know has received and explain how it was identified as a robocall
Step 3:
Add a chart following your report:
Include four columns with headings: Name of Company, Product/Service, Claim, True/False
Include at least four rows: one for column headers, and three for at least three ads
Input your information from your research notes
Explain why you believe or question the validity of the claim
The L'Oreal Revitalift ad is false because the claim that it reduces wrinkles and firms skin in just one week seems unrealistic and unlikely to be true.
On the other hand, I believe that the Noom ad is true because the claim that you can lose weight without giving up the foods you love is consistent with their program, which focuses on calorie counting and moderation rather than deprivation.
Finally, I believe that the Luminess Airbrush Makeup ad is false because the claim that the makeup is flawless, natural-looking, and lasts all day and night seems exaggerated and unlikely to be true in real-life scenarios.
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Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows, along with descriptions of items a through h that require adjusting entries on December 31.
In accounting, adjusting entry is one that is made to properly allocate revenue and expenses to each accounting period. It corrects previously recorded journal entries, ensuring that the financial statements at the end of the fiscal year are correct and up to date.
What are the adjusting entry for these previous entries?
Cash
Unadjusted Balance - D - $26793Adjusted Balance - D - $26793Accounts Receivable
Unadjusted Balance - D - $0f - Debit - $9600Adjusted Balance - D - $9600Teaching Supplies
Unadjusted Balance - D- $10304b - Credit - $7642Adjusted Balance - D - $2662d. Prepaid Insurance
Unadjusted Balance - D - $15458a - Credit - $3071Adjusted Balance - D - $12,387e. Prepaid Rent
Unadjusted Balance - D - $2062h - Credit - $2062Adjusted Balance - D - $0f. Professional Library
Unadjusted Balance - D - $30913Adjusted Balance - D - $30913g. Accumulated Depreciation - Professional Libary
Unadjusted Balance - C - $9275d - Credit - $6142Adjusted Balance - C - $15,417Tuitiion Fees Earned
Unadjusted Balance - C - $105108f - Credit - $9600Adjusted Balance - C - $114,708Training Fees Earned
Unadjusted Balance - C - $39,158e - Credit - $4,400Adjusted Balance - C- $43,558Depreciation Expense - Professional Library
Unadjusted Balance - D - $0d - Debit - $6142Adjusted Balance - D - $6142Depreciation Expense - Equipment
Unadjusted Balance - D - $0c - Debit - $12,285Adjusted Balance - D - $12,285Salaries Expense
Unadjusted Balance - D - $49464g - Debit - $400Adjusted Balance - D - $49,864Insurance Expense
Unadjusted Balance - D - $0a - Debit - $3071Adjusted Balance - $3071Equipment
Unadjusted Balance - D - $72,119Adjusted Balance - D - $72119Accumulated Depreciation - Equipment
Unadjusted Balance - C - $16,489c - Credit - $12,285Adjusted Balance - C - $28,774Accounts Payable
Unadjusted Balance - C - $37431Adjusted Balance - C - $37431Salaries Payable
Unadjusted Balance - C- $0g - Credit - $400Adjusted Balance - C - $400Unearned Training Fees
Unadjusted Balance - C - $11,000e - Debit - $4400Adjusted Balance - C - $6600Common Stock
Unadjusted Balance - C - $11000Adjusted Balance - C - $11000Retained Earnings
Unadjusted Balance -C - $54539Adjusted Balance - C- $54,539Dividends
Unadjusted Balance - D- $41,220Adjusted Balance - D - $41,220Rent Expense
Unadjusted Balance - D - $22,682h - Debit - $2062Adjusted Balance - D - $24,744Teaching Supplies Expense
Unadjusted Balance - D - $0b - Debit - $7642Adjusted Balance - D - $7642Advertising Expense
Unadjusted Balance - D - $7214Adjusted Balance - D - $7214Utilities Expense
Unadjusted Balance - D - $5771Adjusted Balance - D - $5771Missing words "Descriptions of items a through h that require adjusting entries on December 31, 2018, follow.
a) An analysis of WTI's insurance policies shows that $3,071 of coverage has expired.
b) An inventory count shows that teaching supplies costing $2,662 are available at year-end 2018.
c) Annual depreciation on the equipment is $12,285.
d) Annual depreciation on the professional library is $6,142.
e) On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,200, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2019.
f) On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $3,840 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.)
g) WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee.
h) The balance in the Prepaid Rent account represents rent for December.".
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Jing Associates, LLC, a large law firm in Denver, is building a new office complex. To pay for the construction, Jing Associates is selling a security that will pay the investor the lump sum of $38,600 in nine years. The current market price of the security is $16,429. Assuming that you can earn an annual return of 8.25% on your next most attractive investment, how much is the security worth to you today
Answer:
PV= $18,911.94
Explanation:
Giving the following information:
Future Value= $38,600
Interest rate= 8.25%
Number of periods= 9 years
To calculate the present value of the security, we need to use the following formula:
PV= FV / (1+i)^n
PV= 38,600 / (1.0825^9)
PV= $18,911.94
Dakota Coffee Company produces Columbian coffee in batches of 7,500 pounds. The standard quantity of materials required in the process is 7,500 pounds, which cost $6.00 per pound. Columbian coffee can be sold without further processing for $9.80 per pound. Columbian coffee can also be processed further to yield Decaf Columbian, which can be sold for $11.60 per pound. The processing into Decaf Columbian requires additional processing costs of $6,300 per batch. The additional processing will also cause a 5% loss of product due to evaporation.
Question Content Area
a. Prepare a differential analysis dated December 11 on whether to sell regular Columbian (Alternative 1) or process further into Decaf Columbian (Alternative 2). If required, use a minus sign to indicate a loss.
The differential analysis is attached accordingly. The workings are indicated below.
What is differential analysis?Differential analysis is a decision-making approach that analyzes the net effects of two alternatives by examining the advantages and costs associated with each. The option chosen has the greatest advantageous (or least adverse) financial impact.
To arrive at the figures in the differential analysis first we derive the Revenue from selling regular Columbian:
Recall that:
Revenue = Sales x Quanity Manufactured; hence
9.8 x 7500
= $73,500
Revenue from Decan Columbian:
11.6 x (95% x 7500)
= 11.6 x 7125
= $82, 650
Cost of selling regular Columbian
Cost = Cost x Units produced
= 6 x 7500
= $45,000
Compute the cost of selling Decaf Columbian
In this case, Cost = Product Cost + Cost of processing
= 45,000 + 6300
= $51,300
Hence the figures indicated in the differential analysis.
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What are luxury home bar manufacturers?
Answer:
Some luxury home bar manufacturers include:
1. Kalamazoo Outdoor Gourmet
2. Sub-Zero and Wolf
3. True Residential
4. Perlick
5. U-Line
6. Marvel Refrigeration
7. Scotsman
8. Hestan
9. Lynx Grills
10. Viking Range.
LEONE COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit General and administrative expenses Selling expenses Net income $ 84,000 84,000 92.000 $ 3,251,000 $ (8,000) 3,259,000 127.000 603,000 2,529,000
How do you find the cost of goods manufactured?
The cost of goods manufactured (COGM) is the cost of all the products that a company has manufactured during a period.
How to calculateIt is calculated by adding the beginning finished goods inventory to the total manufacturing costs, and then subtracting the ending finished goods inventory.
In the income statement you provided, the cost of goods manufactured is calculated as follows:
COGM = $92,000 + $3,251,000 - $127,000 = $3,224,000
Therefore, the cost of goods manufactured for Leone Company is $3,224,000.
Here is the formula for calculating COGM:
COGM = Beginning finished goods inventory + Total manufacturing costs - Ending finished goods inventory
The total manufacturing costs include direct materials, direct labor, and manufacturing overhead.
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When did the U.S. current account balance experience the largest surplus?
Answer: 1990
The OECD projects the US current account to be in deficit byUS$826 billion by 2006.1 In 1990 the US current account wasin surplus.
Explanation: signed, birb
Adidea Corp. bought 100 units at $15 each. The company then sold 30 units at $25 each, and 50 percent of the purchase was paid in cash. What amount will Adidea credit to the inventory account? A. $1,500 B. $750 C. $375 D. $45
Answer: Merchandise Inventory 7,500
Cash in bank 3,750
Accounts Payable
Explanation:
$375 amount will Adidea credit to the inventory account. Thus option C is correct.
What is a company?A company is a legal body created by a group of people to conduct and manage a multinational corporation, whether it be commercial or economic. The company's main aim is to earn a profit. Also, to make sure that they have enough finds to run the business in the near future.
The information that is provided is :
100 were purchased by Adidea Corp. for $15 a piece.
The business then sold 30 units for $25 each, with cash representing 50% of the total cost.
The total amount of commodities that are sold = 25 * 30
= 750
The Percentage that the commodity is paid in cash is 50%.
The amount that is paid in credit will be = 750 * 50 /100
= 375
Therefore, option C is the correct option.
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What are demand deposit accounts?
Answer:
it's a deposit of money that can be withdrawn without prior notice
how is the aggregate supply curve for the economy related to the supply curves of individual producers?
Answer:
The aggregate supply curve depicts the quantity of real GDP that is supplied by the economy at different price levels. Increases in the price level will increase the price that producers can get for their products and thus induce more output. ...