Danner Company expects to have a cash balance of $58,050 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows.Collections from customers: January $109,650, February $193,500.Payments for direct materials: January $64,500, February $96,750.Direct labor: January $38,700, February $58,050. Wages are paid in the month they are incurred.Manufacturing overhead: January $27,090, February $32,250. These costs include depreciation of $1,935 per month. All other overhead costs are paid as incurred.Selling and administrative expenses: January $19,350, February $25,800. These costs are exclusive of depreciation. They are paid as incurred.Sales of marketable securities in January are expected to realize $15,480 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $32,250. The company wants to maintain a minimum monthly cash balance of $25,800.Prepare a cash budget for January and February.

Answer:

The answer is below

Explanation:

Some of the advantages the Whole Foods will derive when they adopt a cost leadership strategy:

1. The firm will earn more profits

2. The market share will increase

3. There will be more availability of capital for the business growth

Some of the disadvantages the Whole Foods will derive when they adopt a cost leadership strategy:

1. Financial reduction in vital areas of the business that might affect the successful running of the business

2. It lowers innovation in production

3. It promotes the production of lower quality commodities

Answer:

Yes, I would sign the tax return because it would be a benefit and it will prepare you for upcoming events

Answer:

The Answer is .

Explanation:

Answer:

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Explanation:

Answer:

≈ 9644 quantity of card

Explanation:

given data:

n = 4 regions/areas

mean demand = 2300

standard deviation = 200

cost of card (c) = $0.5

selling price (p) = $3.75

salvage value of card ( v ) = $ 0

The optimal production quantity for the card can be calculated using this formula below

= u + z (0.8667  ) * б

= 9200  +  1.110926 * 400

≈ 9644 quantity of card

First we have to find u

u = n * mean demand

 = 4 * 2300 = 9200

next we find the value of Z

Z = ( \(\frac{p-c}{p-v}\) )

   = ( 3.75 - 0.5 ) / 3.75   = 0.8667

Z( 0.8667 ) = 1.110926 ( using  excel formula : NORMSINV (0.8667 )

next we find б

б = 200\(\sqrt{n}\) = 400

Answer:

Based on recommended guidelines, Betty should be saving at least $598.33 each month.

Explanation:

a) Data and Calculations:

Gross pay per year = $39,600

Gross pay per month = $3,300 ($39,600/12)

Net pay per year after deductions = $35,900

Total deductions for taxes, health insurance, etc. = $3,700 ($39,600 - $35,900)

Net pay per month after deductions = $2,992 ($35,900/12)

b) Based on the 50-30-20 budgeting method of spending 50% income on essentials, saving 20%, and leaving 30% for discretionary purchases, Betty should be saving at least $598.33 per month ($2,992 * 20%).

Based on the single filling status of Marina, and current tax laws on itemized deductions, for Marina's itemized deductions to be beneficial, they should exceed a threshold of B. $12,500.

Tax laws are such that if the expenses you wish to deduct as itemized deductions are more than the standard deduction, then you should itemize your deductions.

What this means is that for Marina's plan to itemize deductions to be successful, she needs to have less itemized deductions than the standard deduction for those who are married and filing single. But, this amount should be as close as possible to the standard deduction.

In 2021, the standard deduction for those filing single was $12,550. This is as opposed to $18,800 for Heads of Households. The advantageous itemized deductions that Marina should exceed therefore, is $12, 500.

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Answer:

Lorge Corporation

Contribution margin for the current year

= $315,000 ($3 per unit)

Contribution margin for the proposed year = $346,500

Fixed costs for the current year = $473,100

Break-even units = 157,700 units

Break-even sales dollars = $2,365,500

Explanation:

a) Data and Calculations:

Sales revenue = $1,575,000  

Sales units = 105,000 units

Sales price per unit = $15 ($1,575,000/105,000)

                                                  Total        Variable               Fixed

Selling expenses =            $250,000     $100,000 (40%)   $150,000 (60%)

Direct materials                  $606,100       606,100

Direct labor                       $250,000       250,000

Administrative expenses $270,000          54,000 (20%)    216,000 (80%)

Manufacturing overhead $357,000       249,900 (70%)      107,100 (30%)

Total costs                       $1,733,100  $1,260,000              $473,100

Contribution margin for the current year = $315,000 ($1,575,000 - $1,260,000)

= $3 per unit

Unit sales = 115,500 (105,000 * 1.1)

Sales revenue = $1,732,500

Variable costs      1,386,000 ($15 - $3)

Contribution margin for the proposed year = $346,500 ($3 * 115,500)

Fixed costs for the current year = $473,100

Break-even units = $473,100/$3 = 157,700 units

Break-even sales dollars = $473,100/0.2 = $2,365,500

The 2018 free cash flow for Rosnan Industries is $158. The balance sheet was the based on the Rosnan Industries' 2019 and 2018.

Particular                                                              2018                 2019

Current Asset                                                       $635                $750

Current Liability                                                   $135                  $255

Net working capital                                             500                    525

Net increases in working capital                                                    25

The capital expenditure is made are computed:

Ending balance of fixed asset                                                    2300

Add: Depreciation                                                                          100

Less: Begging of fixed amount                                                   1490

Capital expenditure:                                                                     910

Net income:                                                                                 677

Add: Depreciation                                                                       100

Less: Capital expenditure                                                           -910

Less: Net increases in Net WC                                                    -25

Free cashflow                                                                              -158

The 2018 free cash flow for Rosnan Industries is $158.

As a result, the significance of the Rosnan Industries' 2019 and 2018 balance sheets are the aforementioned.

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The amount reported on Darin’s Form W-2 is $22,000.

In practice, the Form W-2 are maintained by the Employer.

Particulars                                           Amount

Regular time                                                               $19,500

Overtime                                                                     $800

Tips                                                                             $1,200

Bonus                                                                          $500

Ticket to a baseball game ($48, bt unreported)      $0          

Amount reported on Darin’s Form W-2                 $22,000

In conclusion, the amount reported on Darin’s Form W-2 is $22,000.

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The depreciation allowances allowed in prior years of  R533 665 (recoupment amount)The recoupment amount is included in taxable income.

An asset disposed of in the year of assessment (2022) for proceeds exceeding its tax written down value (TWDV) triggers a recoupment of depreciation allowances. The recoupment is calculated by deducting the TWDV from the proceeds, but limited to the sum of depreciation allowances allowed in respect of the asset less any amount that has been recouped in a prior year.

Manufacturing machine sold R605 000 Purchased R490 000 Tax value at date of sale R98 000Calculate recoupment on the disposal of the machine;

The machine's TWDV is R71 335; this is calculated by taking the original cost of R490 000 less the depreciation allowances allowed in prior years of R34 665.R605 000 (proceeds) - R71 335 (TWDV) = R533 665 (recoupment amount)The recoupment amount is included in taxable income.

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The second step of writing a career action plan is to make short term goals. The Option D is correct.

A career action plan refers to a roadmap that guide someone from the starting point in your career to a place where you feel like you're truly advancing. For example, the plan can help you choose an occupation and then guide you to getting a job and advancing in your career.

Career action plan is also referred to as an Individualized Career Plan or an Individualized Career Development Plan which will help you reach your career goals.

In essence, the timeline for achieving one's career action plan goals should start with your short-term ones and end with your primary objective. We need to be flexible as career action plan can always change.

Full question "The second step of writing a career action plan is to: a. perform an informational interview. b. list all work experience. c. list and analyze the results of self-assessments. d. make short term goals.

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Answer:

Contraction

Explanation:

Contraction is when the level of economic activities in a country goes down. There is decreased productivity in the country, as indicated by a decline in the GDP value. At contraction, the economy will experience a drop in real incomes, retail sales, and industrial production. The unemployment rate begins to rise steadily as companies stop hiring while other lay-off workers due to reduced demand.

Answer:

Option B; Creating face-to-face interviews

Explanation:

Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.

bhbhh lh l lljh l lh ;h ;hh hkkhh hj hjb Answer:   jhh ki

Explanation:

Kate's gross pay for working 45.5 hours Monday through Saturday is A. R 603.13.

First, find the regular pay to Kate assuming she worked 40 hours in the week :

Regular pay: 40 hours * R 12 . 50/ hour

= R500

The overtime pay is calculated for the hours worked in excess of 40 hours. In this case, Kate worked 5.5 hours overtime.

Then the overtime for Saturday would be:

= 5. 5 * R12.50/hour * 1.5

= R 103. 13

The total gross pay is therefore :

Total gross pay: R500 + R103.13

= R603.13

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Answer:

Purchases

Date              Qty               Unit Cost               Total Cost

11                     14                    $15                          $210

21                     9                    $16                          $144

Cost of Sales

Date              Qty               Unit Cost               Total Cost

14

                       14                    $15                           $210

                         6                   $16                            $96

25

                        9                    $16                           $144

                        5                    $16                            $80

Total                                                                        $530

Inventory

Qty               Unit Cost               Total Cost

9                        $16                        $144

Total                                                $144

Explanation:

LIFO method assumes that the units to arrive last, will be sold first. Also note that the perpetual Inventory method is used. This means the cost of sales and inventory value is calculated after every transaction.

So with LIFO , Cost of Sales will be calculated on recent  prices (later prices)  whilst Inventory will be valued at  earlier prices (old prices).

Answer:

Here's a few

Explanation:

Use unique passwords for every account. You probably know that having a strong password is important.

Leverage two-factor authentication.

Be cautious of public Wi-Fi.

Update and patch your software regularly.

Install ad blockers.

Utilize features and tools provided by your bank.

(a) Cost of property, plant and equipment:

(i) Land: RM2,000,000

(ii) Land Improvement: RM165,000

(iii) Building: RM1,880,000

(iv) Equipment: RM4,595,350

(b) Journal entries:

Debit: Equipment (new truck) RM250,000, Accumulated Depreciation RM160,000, Cash RM50,000

Credit: Equipment (old truck) RM100,000.

(a) Calculation of cost of property, plant and equipment:

(i) Land:

Cost of land: RM2,000,000

(ii) Land Improvement:

Fencing around the land: RM100,000

Landscaping (trees and shrubs): RM40,000

Parking lots and concrete walks: RM200,000

Total land improvement cost: RM100,000 + RM40,000 + RM200,000 = RM340,000

(iii) Building:

Construction costs: RM1,200,000

Demolition cost: RM50,000

Insurance premium (50% during construction): RM30,000 * 50% = RM15,000

Total building cost: RM1,200,000 + RM50,000 + RM15,000 = RM1,265,000

(iv) Equipment:

Manufacturer's list price: RM4,500,000

Discount received (2% of RM4,500,000): RM4,500,000 * 2% = RM90,000

Net amount paid for equipment: RM4,500,000 - RM90,000 = RM4,410,000

Additional components cost: RM100,250

Delivery charge: RM75,000

Installation charge: RM50,000

Storage cost: RM5,000

Total equipment cost: RM4,410,000 + RM100,250 + RM75,000 + RM50,000 + RM5,000 = RM4,640,250

(b) Journal entries for the exchange of truck:

Debit:

- Equipment (new truck): RM250,000

- Accumulated Depreciation: RM160,000

- Cash: RM50,000

Credit:

- Equipment (old truck): RM100,000

Note: The above journal entries reflect the exchange of the old truck with a new truck where the fair value of the old truck is RM100,000 and the cash paid is RM50,000. The difference between the fair value of the old truck and the cost of the new truck is accounted for in the Equipment (new truck) account.

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The net present value​ (NPV) of the new equipment is ​$ 690.44. ​.

Based on the NPV, the project is acceptable.

The maximum required rate of return the firm can have is 14.29%.

Net present value is the present value of after-tax cash flows from an investment less the amount invested. Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable

Net present value = -17,000 + 4000 / 1.13 + 4000 / 1.13² + 4000 / 1.13³ + 4000 / 1.13^4 + 4000 / 1.13^5 + 4000 / 1.13^6 + 4000 / 1.13^7 = $690.44

The maximum required rate of return is the internal rate of return. Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator

IRR = 14.29%

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BRICK 'n TILE, a hypothetical company, can differentiate between short-run and long-run costs by considering examples such as immediate production costs (short-run) and investment in new production facilities (long-run).

Short-run costs refer to expenses that a company incurs in the immediate period, where some factors of production are fixed and cannot be easily adjusted. In the case of BRICK 'n TILE, short-run costs could include the costs of raw materials, labor, utilities, and maintenance for their existing production facilities. These costs are essential for the day-to-day operations and can be directly linked to the current level of production.

On the other hand, long-run costs encompass expenses that can be adjusted in the long term to adapt to changes in production levels and scale. For BRICK 'n TILE, an example of a long-run cost would be the investment in new production facilities or equipment. If the company decides to expand its operations or increase its capacity, they may need to construct a new manufacturing plant or purchase advanced machinery. These costs are incurred over an extended period and are associated with strategic decisions that affect the company's production capabilities in the long run.

Differentiating between short-run and long-run costs is crucial for effective financial planning and decision-making. Short-run costs help determine the immediate profitability of the company's operations, while long-run costs factor in the potential growth and expansion strategies. Understanding the distinction between these cost categories allows BRICK 'n TILE to make informed decisions regarding short-term production levels and long-term investment in infrastructure and technology.

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The title that Sadie is most likely to pick for the article, considering that her organization needs to sell ad space, is B. Few Fish Affected by Mercury, Study Finds.

The title of Sadie's investigation accurately portrays the rarity of local fish with high mercury levels. It puts forward an optimistic perspective by emphasizing the low incidence of mercury within these aquatic species, possibly sparking interest from advertisers and readers.

However, choosing option A which says No Need to Worry About Local Fish, may undermine concerns related to mercury poisoning risks in fish, hindering engagement from people and marketers alike.

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The correct statement that compares the premium prices for these insurance policies is:

B. Policy 1 will have a higher premium because it has a lower deductible than Policy 2.

In the context of insurance policies, the deductible is the amount the policyholder must pay out of pocket before the insurance coverage kicks in.

A lower deductible means the insurance company will have to cover a larger portion of the claim, which typically leads to a higher premium.

Policy 1 has a lower deductible of $1,600 compared to Policy 2's deductible of $2,000.

Therefore, Policy 1 will likely have a higher premium because the insurance company would bear a greater portion of the claim costs.

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Answer:

Samantha is using an autocratic leadership style. An autocratic leader makes decisions independently without involving others in the decision-making process. In this case, Samantha decides on a process on her own and then communicates it to her team without seeking their input or involvement in the decision-making process. She takes full control and authority over the decision, expecting her team to follow her instructions and carry out the work accordingly

Answer:

C. The purchase is immediately withdrawn from your available funds.

Explanation:

A I took the Test

the correct answer is D; intradepartmental is among members of a department and interdepartmental is between two or more departments.

Option A. The conclusion that we can make is that Robin should give riding lessons to more than 20 children per month.

6000/20

= 300

300 is greater than 250

Hence we can see that the marginal cost is less than the marginal revenue that Robin gets from the venture.

This is the term that is used to refer to the additional revenue that he business would obtain based on the fact that they produced an additional unit of  a particular service.

In this question we can see that when Q = 20, MC is 250

What this tells us is that at a current output level, marginal revenue is greater than marginal cost, hence the firm would not be maximizing its profit.

When profit is maximized, then we would be having marginal revenue to be equal to marginal cost. MR = MC. Therefore  The conclusion that we can make is that Robin should give riding lessons to more than 20 children per month.

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