Answer:
I got this from the internet bc I lazy : The rule of thirds is a composition guideline that places your subject in the left or right third of an image, leaving the other two thirds more open. While there are other forms of composition, the rule of thirds generally leads to compelling and well-composed shots.
Explanation:
hope this helps tho
The state lottery advertises a jackpot prize of $295.7 million, paid in 25 installments over 25 years of $11.828 million per year, at the end of each year. If interest rates are 5.9% what is the true value of the lottery prize?
The true value of the lottery prize, considering the time value of money, is approximately $140.8 million.
To calculate the true value of the lottery prize, we need to discount the future cash flows to their present value using the interest rate of 5.9%.
Step 1: Calculate the present value of each annual installment.
PV = Cash Flow / (1 + Interest Rate)^n
PV = $11.828 million / (1 + 0.059)^1 = $11.134 million (Year 1)
PV = $11.828 million / (1 + 0.059)^2 = $10.498 million (Year 2)
PV = $11.828 million / (1 + 0.059)^25 = $2.068 million (Year 25)
Step 2: Calculate the true value of the lottery prize by summing up the present values of all 25 installments.
True Value = PV (Year 1) + PV (Year 2) + ... + PV (Year 25)
True Value = $11.134 million + $10.498 million + ... + $2.068 million
Calculating this sum will yield the true value of the lottery prize, which is approximately $140.8 million.
For more such question on true value
https://brainly.com/question/28342542
#SPJ8
Based on this chart, what is the marginal revenue, in dollars, at quantity three jackets?
Based on the information, the Marginal revenue at quantity 3 will be $16.
How to calculate the valueThe marginal revenue at quantity three jackets is $16. This can be found by looking at the difference between the revenue generated by selling three jackets and the revenue generated by selling two jackets. The revenue generated by selling three jackets is $48, and the revenue generated by selling two jackets is $32. The difference between these two values is $16, which is the marginal revenue at quantity three jackets.
Here is a breakdown of the calculations:
Revenue generated by selling 3 jackets = $48
Revenue generated by selling 2 jackets = $32
Marginal revenue at quantity 3 = $48 - $32 = $16
Learn more about revenue on
https://brainly.com/question/13444663
#SPJ1
Task 1: Careers and Educational Requirements Perform online research and choose a career in the financial services industry. Determine the education you will need to prepare for this career.
Task 2: Certification Requirements
For your chosen career, identify the certification or licensing required. Develop a strategy to prepare for certification.
Task 3: Information Technology and Interpersonal Skills
For your chosen career, describe the skills you will need to learn and develop.
For Task 1, I have chosen the career of a financial analyst in the financial services industry. To prepare for this career, a Bachelor's degree in Finance, Accounting, Economics, or a related field is required.
For Task 2, becoming a Certified Financial Analyst (CFA) is highly valued in this career. The CFA program consists of three levels of exams that cover topics such as economics, financial reporting and analysis, ethics, and investment tools.
For Task 3, both information technology and interpersonal skills are important in this career. Financial analysts must have strong analytical skills and be proficient in using financial modeling software and spreadsheet applications.
Task 1- Many employers also prefer candidates with a Master's degree in one of these fields. Additionally, courses in statistics, mathematics, and computer science can be beneficial in this career. Task 2- To prepare for this certification, one should enroll in a CFA program review course, study the material thoroughly, and take practice exams to prepare for the rigorous testing process.
Task 3- They also need to have excellent communication and interpersonal skills to be able to work effectively with clients and team members. Additionally, they must be able to present complex financial information in a clear and understandable manner. Developing and honing these skills can be achieved through a combination of on-the-job experience, training, and continuing education courses.
For more such questions on financial analyst
https://brainly.com/question/30327214
#SPJ11
Explain the role of emotional intelligence?
Emotional intelligence refers to the ability to recognize, understand, and manage one's own emotions and the emotions of others. It involves skills such as empathy, self-awareness, and social awareness, which are important for building relationships, making decisions, and achieving goals. Emotional intelligence can help individuals communicate effectively, resolve conflicts, and adapt to change. It is particularly important for leaders and managers, as it can improve their ability to lead and motivate others.
D. Financial Management 1. Introduction: Introduction: Background of the paper, Purpose of the paper and Methodology used 2. Review of related literature 3. Results and discussions: Make the critical analysis and discussion on the following points: 3.1 The objectives of financial management in the organization 3.2 The functions of the financial manager in the organization 3.3 Financial statement analysis: Use financial ratios 3.4 Capital budgeting 3.5 Other related issues can be added (optional) 4. Conclusions and recommendations 5. References
Objective of financial management in the organization is increased sales and the higher earnings. Producing accurate financial data was the functions of the financial manager in the organization.
What is financial management?The term financial management refers to the handling of the company finance as well as the manage the expenses, cash, and credit, profitability. The process is planning, organizing, directing, and controlling of the company finance.
The objective of financial management is:
Increase profit and the sales.Investment objectives.Functions of financial manager:
Monitoring cash flow.Producing accurate financial data.Financial ratio analysis:
Relationship between two or more componentsDecision-making of the long term investment is called the capital budgeting.
Other related issues:
Investment is risk, better result or not.As a result, the concluded of the Financial Management are the aforementioned.
Learn more about on Financial Management, here:
https://brainly.com/question/29221850
#SPJ9
Determine the missing amounts in each of these four separate situations a through d.
a
b
с
d
$
2,816
625 $
4.375
3,313 $
11,264
11,864
Supplies available-prior year-end
Supplies purchased during current year
Total supplies available
Supplies available-current year-end
Supplies expense for current year
5.000
14,577
(1,075)
(3,296)
22,296
(800)
12,439
3,013
The determination of the missing amounts in each of these four separate situations, a through d, is as follows:
a b c d
Supplies available-prior year-end $2,816 $625 $4,375 $3,313
Supplies purchased (current year) 11,264 11,864 5,000 14,577
Total supplies available $14,080 $12,489 $9,375 $17,890
Supplies available-current year-end (1,075) (3,296) (800) (12,439)
Supplies expense for current year $13,005 $9,193 $8,575 $5,451
What are end-of-year adjustments?
The end-of-year adjustments are the changes made to the items of the balance sheet and income statements to ensure that the year-end financial reports accurately reflect the company's accounts in accordance with the accrual concept and the matching principle of US GAAP.
Thus, the missing amounts have been determined, but note that the amounts may not be accurate because the question was not complete.
Learn more about year-end adjustments at https://brainly.com/question/26511117
he full extent of the cost of cybercrime is hard to determine, in part, because some government 28) and law enforcement officials tend to underreport or underestimate these costs in order to manage public perceptions and potential fears about the problem.
It is true that it can be difficult to assess the whole cost of cybercrime since some government and law enforcement organizations frequently understate or underestimate these costs in an effort to influence public perceptions and possible concerns about the issue.
Why is it tough to look into cyber crimes?It can be difficult to establish that a crime has actually been committed, which makes investigating computer crimes difficult. Because hackers are rarely apprehended immediately after committing a crime, data can be changed after the fact. Successful prosecutions are uncommon, and penalties are frequently not harsh.
What is cybercrime, and what problems does it pose for our legal system?Cybercrime can range from non-delivery of goods or services to computer intrusions (hacking) to violations of intellectual property rights, economic espionage (theft of trade secrets), online extortion, global money laundering, identity theft, and an expanding list of other Internet-facilitated offenses.
Learn more about cybercrime: https://brainly.com/question/29406845
#SPJ4
Precision Systems manufactures CD burners and currently sells 18,500 units annually to producers of laptop computers. Jay Wilson, president of the company, anticipates a 15 percent increase in the cost per unit of direct labor on January 1 of next year. He expects all other costs and expenses to remain unchanged. Wilson has asked you to assist him in developing the information he needs to formulate a reasonable product strategy for next year.
You are satisfied that volume is the primary factor affecting costs and expenses and have separated the semivariable costs into their fixed and variable segments. Beginning and ending inventories remain at a level of 1,000 units. Current plant capacity is 20,000 units. The following are the current-year data assembled for your analysis.
Sales price per unit $100
Variable costs per unit:
Direct materials $10
Direct labor $20
Manufacturing overhead and selling and administrative expenses 30 60
Contribution margin per unit (40%) $40
Fixed costs $390,000
Required:
a. What increase in the selling price is necessary to cover the 15 percent increase in direct labor cost and still maintain the current contribution margin ratio of 40 percent?
b. How many units must be sold to maintain the current operating income of $350,000 if the sales price remains at $100 and the 15 percent wage increase goes into effect?
c. Wilson believes that an additional $700,000 of machinery (to be depreciated at 20 percent annually) will increase present capacity (20,000 units) by 25 percent. If all units produced can be sold at the present price of $100 per unit and the wage increase goes into effect, how would the estimated operating income before capacity is increased compare with the estimated operating income after capacity is increased? Prepare schedules of estimated operating income at full capacity before and after the expansion.
a. An increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b.The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The required sales volume is 18,500 units.
c. The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units
a. To maintain the current contribution margin ratio of 40 percent, the selling price per unit needs to be increased by 20 percent [(15 percent wage increase) / (current contribution margin ratio)].
Therefore, an increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b. To maintain the current operating income of $350,000, the number of units that must be sold can be calculated using the contribution margin ratio.
The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The formula for calculating the required sales volume is:
(Number of units) = (Fixed costs + Desired operating income) / Contribution margin per unit
Plugging in the values, we have:
(Number of units) = ($390,000 + $350,000) / $40 = 18,500 units
c. Before the capacity expansion, the estimated operating income can be calculated using the current production and sales volume of 18,500 units.
The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units.
The schedules of estimated operating income at full capacity before and after the expansion can be prepared by multiplying the respective sales volumes with the contribution margin per unit and subtracting the fixed costs and the wage increase.
for such more questions on margin
https://brainly.com/question/9797559
#SPJ8
Which statement is true regarding monopolistic competition?
Answer:
AR>MR
--------------------------------------
WHERE ARE THE OPTIONS.
After visiting several automobile dealerships, Richard selects the used car he wants. He likes its $11,500 price, but financing through the dealer is no bargain. He has $1,500 cash for a down payment, so he needs an $10,000 loan. In shopping at several banks for an installment loan, he learns that interest on most automobile loans is quoted at add-on rates. That is, during the life of the loan, interest is paid on the full amount borrowed even though a portion of the principal has been paid back. Richard borrows $10,000 for a period of four years at an add-on interest rate of 11 percent.
What is the total intetrest on Richard's loan?
What is the total cost of the car?
What is the monthly payment ?
What is the annual percentage rate?
Explanation:
I = Prt
I = (10000)(.11)(4) = $4400
Total Cost = Down Payment + Principal Borrowed + Interest
Total Cost = 2000 + 8000 + 4400
= $14,400
Monthly Payment = (Principal Borrowed + Total interest) / Total number of payments
Monthly Payment = (10,000 + 4400) / 48
= $300
APR= (2 × n × I) / [P × (N + 1)]
APR = (2 × 12 × 4400) / [10,000 × (48+1)]
= 21.55%
Critique the case: How did Karin originally approach the project? Comment specifically about Karin’s project management skills and approach? 2. While assessing the case, draw a project organigram, identifying the role-players/ stakeholders and whether they were all in original agreement of the project?
The project organigram should identify the role-players and stakeholders involved in the project and determine if they were all in original agreement.
Who are the role-players and stakeholders involved in the project?The project organigram outlines the key individuals and entities involved in the project including project managers, team members, clients, executives and any other relevant stakeholders.
It also highlights their roles, responsibilities, and relationships within the project structure. Assessing whether they were all in original agreement requires examining the project's initiation phase and the documented agreements such as contracts, memorandums of understanding or project charters.
Read more about project organigram
brainly.com/question/31255959
#SPJ1
4. Which of the following is an example of a job surplus?
A. The demand for roofers is higher than the number of people willing to do roofing.
B. Roofers demand more pay for the work they are doing.
C. The number of roofers is higher than the roofing jobs available.
D. There are more roofing materials being manufactured than there are houses that need them.
There are more roofing materials being manufactured than there are houses that need them is an example of a job surplus. Thus, option D is correct.
Most matching models of the labor market base their decisions on the worker-job surplus, which is the total of the net values of an employment relationship for both the employee and the employer.
In order to identify the observable worker and job features that have an impact on the worker-job surplus in the data, we develop a theory-based empirical method in this research. We make use of employed workers' mobility options to do this.
Additionally, our research shows if job seekers sort based on those surplus-relevant characteristics. Additionally, it offers a test of the single-index assumption, which holds that worker and job heterogeneity can both be encapsulated by scalar indices.
Therefore, option B is the ideal selection.
Learn more about job surplus here:
https://brainly.com/question/34917687
#SPJ7
Net capital outflow measures the imbalance between the amount of a. foreign assets held by domestic residents and domestic assets held by foreign residents. b. foreign assets bought by domestic residents and the amount of domestic assets bought by foreigners. c. foreign assets bought by domestic residents and the amount of domestic goods and services sold to foreigners. d. None of the above is correct
Answer:
b) the imbalance between the amount of foreign assets bought by domestic residents and the amount of domestic assets bought by foreigners.
Explanation:
Net capital outflow can be regarded as net flow of invested funds in country abroad by a home country during a particular period of time. It should be noted that the Net capital outflow measures the imbalance between the amount of the imbalance between the amount of foreign assets bought by domestic residents and the amount of domestic assets bought by foreigners.
A closeout report is primarily used to
Answer:
draft the summary of a project plan and the performance efficiency of it.
Explanation:
A closeout report is primarily used to "draft the summary of a project plan and the performance efficiency of it."
Closeout report is a means of preparing an analysis of a project plan, including the result, in which the differences, pros, and cons, are listed out.
It also contains the performance rating or measure to determine the level of success of a project plan.
7. Which of the following is not one of the advantages of a table, chart, or graph?
A. They can be divided into many small segments.
B. They can display a lot of information in a small space.
C. They allow you to compare data.
D. They show trends in data.
Answer:
A
Explanation:
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?
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.
Learn more about Labor efficiency variance, here
https://brainly.com/question/28013719
#SPJ1
The job creation argument for protection against free trade is: that keeping out foreign imports allows the goods and services to be produced by domestic workers. frequently put forward by economists. that we need full employment to prevent currency depreciation. mostly that we need full employment
Answer: that keeping out foreign imports allows the goods and services to be produced by domestic workers.
Explanation:
If goods and services that are usually imported are kept out of the country through import controls, the local producers would have to step in to meet the demand for those goods and services.
In doing so they will have to hire domestic workers for the production of those goods and services which therefore imply that limiting the imports of those goods and services created jobs for the local workforce.
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.
For more such answers on negative impact
https://brainly.com/question/32299187
#SPJ8
Kent Company's May sales budget calls for sales of $900,000. The store expects to begin May with $50,000 of inventory and to end the month with $55,000 of inventory. Gross margin is typically 45% of sales. Compute the budgeted cost of merchandise purchases for May. $550,000. $500,000. $495,000. $460,000.
Answer:
$500,000
Explanation:
Given that:
Sales for the month = $900,000
Opening inventory = $50,000
Closing inventory = $55,000
Gross margin on sales = 45%
Cost of goods sold = 100 - gross margin = 100% - 45% = 55%
Hence,
Cost of goods sold = $900,000 × 55% = $495,000
Therefore, the purchase for the month
= Cost of goods sold + Closing inventory - Opening inventory
= $495,000 + $55,000 - $45,000
= $500,000
what is the difference between hire purchase and differed payment?
Explanation:
In deferred payment, the borrower will agreed to pay certain amount of money on the promised date. ... In hire purchase, the purchaser will be getting the belongings without paying the full price of the item. The purchasers would make down payment and the balance is paid in installments.
Explanation:
Hire purchase is a system by which one pays for a thing in regular installments while having the use of it but deferred payments are payments that are completely or partially postponed for financial reasons
What is a likely result of an increase in trade between nations?
O A. It will increase the cost of goods due to increased competition.
O B. It will restrict the market for domestic products.
O C. It will provide consumers with more choice at lower prices.
O D. It will lower the standard of living in the weaker trade nation.
Answer:
C
Explanation:
The prices will lower and the the amount of goods will increase
Step 2. Search to find any summary about the company that mentions funds for starting the business. Try to find any information containing employee data in this section.
Step 3. Find the section where the product or service is detailed. Look to see what kinds of products or services will be involved with the business. Compare this with what other similar business plans are offering.
Record the information you found for steps 2 and 3. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.
We can see here that such company gotten after searching for company that mentions funds for starting the business is Go-o-gle.
Funds for starting the business: $1 million in funding from Andy Bechtolsheim.
Employee data: over 160,000 employees worldwide.
What is a company?A company is a legal and organizational entity formed by individuals or a group of individuals with the purpose of conducting business activities. It is an association of individuals who come together to engage in commercial, industrial, or professional activities in order to generate revenue and make a profit.
Their products are digital and online services.
Comparing this company, we see Microsoft.
Learn more about business on https://brainly.com/question/26106218
#SPJ1
elect the correct answer.
hile discussing a sale of heavy machinery, a potential customer offers Mikal, a sales executive, a free vacation in exchange for a discount in the
ice of the machinery. Mikal turns down the offer. Which ethical behavior is Mikal demonstrating?
OA reliability
OB. organization
OC. respect
OD. honesty
A company issues $10,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2014. Interest is paid on June 30 and December 31. The proceeds from the bonds are $9,802,072. Using effective-interest amortization, how much interest expense will be recognized in 2014?
a. $390,000
b. $780,000
c. $784,249
d. $784,166
Interest expense will be recognized in 2014 is $784,249. The interest expense for 2014 is calculated by multiplying the bond discount by the ratio of the time elapsed from the bond's issuance to the end of the year to the bond's total term.
Effective-interest amortization is a method of bond amortization that allocates the bond's discount or premium to interest expense over the life of the bond. It is based on the bond's effective yield, which is the rate that discounts the bond's future cash flows to its proceeds.
In this case, the bond's effective yield is 8%, and it pays interest semi-annually on June 30 and December 31.
Therefore, the bond's annual interest expense is $780,000 (7.8% x $10,000,000).
The bond discount must be amortized to interest expense over the life of the bond. The bond was issued on January 1, 2014, and the year ended December 31, 2014. So, the time elapsed is 0.5/20 of the bond term.
The bond discount is $197,928 ($10,000,000 - $9,802,072)
Therefore, the interest expense for 2014 is:
$780,000 + $197,928 * (0.5/20) = $784,249
Learn more about interest expense in here https://brainly.com/question/18804642
#SPJ4
Lisa, a supervisor at a manufacturing facility, suspects that one of her subordinates may be under the influence of drugs or alcohol. Which one of the following, if true, would lead Lisa to this conclusion?
If Lisa suspects that one of her subordinates is under the influence of drugs or alcohol, she should approach the situation with sensitivity and professionalism.
If Lisa suspects that one of her subordinates may be under the influence of drugs or alcohol, there could be several signs or symptoms that may lead her to this conclusion. One possible indicator is a change in behavior or attitude. For example, if the subordinate has become increasingly moody, agitated, or withdrawn, this could be a sign that they are struggling with substance abuse. Another possible sign could be a decline in job performance, such as missing deadlines, making mistakes, or being frequently absent from work. The subordinate may also exhibit physical symptoms, such as bloodshot eyes, slurred speech, or unsteadiness on their feet. Furthermore, Lisa may observe that the subordinate is experiencing financial problems, as drug and alcohol addiction can be costly and may lead individuals to miss work or spend their money on substances rather than other necessities. Lisa may also notice that the subordinate has become more secretive or defensive, particularly when questioned about their behavior or whereabouts. It is important to gather as much information as possible before making any accusations or taking any disciplinary action. She may also consider seeking guidance from the company's human resources department or employee assistance program to ensure that the subordinate receives the help they need to overcome their addiction.
for more questions on professionalism
https://brainly.com/question/29491319
#SPJ11
Opportunity cost is _____.
the cost of business itself
the cost of travel, entertainment and other activities that provide an opportunity for recreation
the cost of an alternative product or service that cannot be acquired because the available funds were used for another purpose
none of the above
Opportunity cost is the cost of an alternative product or service that cannot be acquired. Opportunity cost is frequently referred to as the second-best option.
The loss of gain that would have been realised if a different option had been chosen is sometimes product referred to as the alternative cost. The loss of benefit as a result of a change in choice is another way to explain it. The value of the next-highest-valued alternative use of a resource is what economists mean when they talk about its "opportunity cost." You cannot, for instance, read a book at home during the time you would have spent seeing a movie and spend the money you would have spent on something else.
To learn more about Opportunity cost, click here.
https://brainly.com/question/13036997
#SPJ1
1) Company's most recent income statement is given below.
Sales (8,000 units) $160,000
Less variable expenses (68,000)
Contribution margin 92,000
Less fixed expenses (50,000)
Net income $42,000
Required:
a. Contribution margin per unit is $ ________ per unit
b. If sales are doubled total variable costs will equal $ ________
c. If sales are doubled total fixed costs will equal $ ________
d. If 20 more units are sold, profits will increase by $ ________
e. Compute how many units must be sold to break even. # ________
f. Compute how many units must be sold to achieve
operating income of $60,000. # ________
g. Compute the revenue needed to achieve an after tax
income of $35,000 given a tax rate of 30%. $ ________
h. What is the margin of safety percentage at 7000 units sold? ________%
2) The Company uses a normal job-costing system at its Florida plant. The
plant has a machining department and an assembly department. Its job-costing system has two direct-
cost categories (direct materials and direct manufacturing labor) and two manufacturing overhead cost
pools (the machining department overhead, allocated to jobs based on actual machine-hours, and the
assembly department overhead, allocated to jobs based on actual direct manufacturing labor costs). The
2020 budget for the plant is as follows:
Machine Department Assembly Department
Manufacturing overhead $1,800,000 $4,000,000
Direct manufacturing labor costs $1,400,000 $2,000,000
Direct manufacturing labor-hours 180,000 250,000
Machine-hours 50,000 250,000
Requirements
1. Compute the overhead rates per department.
During February, the job-cost record for Job 494 contained the following:
Machine Department Assembly Department
Direct materials used $45,000 $74,000
Direct manufacturing labor costs $19,000 $20,000
Direct manufacturing labor-hours 1,400 1,800
Machine-hours 2,100 1,100
2. Compute the total manufacturing overhead costs allocated to Job 494
3. Compute the costs of producing Job 494
4. At the end of 2020, the actual manufacturing overhead costs were $2,000,000 in machining and
$4,100,000 in assembly. Assume that 54,000 actual machine-hours were used in machining and
that actual direct manufacturing labor costs in assembly were $2,300,000. Compute the under-
allocated or over-allocated manufacturing overhead for each department.
3) Company manufactures a specialized hoverboard. Company began 2017 with an inventory of
240 hoverboards. During the year, it produced 1,200 boards and sold 1,300 for $800 each. Fixed
production costs were $319,000, and variable production costs were $375 per unit. Fixed advertising,
marketing, and other general and administrative expenses were $150,000, and variable selling costs were
$20 per board. Assume that the cost of each unit in beginning inventory is equal to 2017 production costs.
Required:
1. Prepare an income statement assuming Mitchco uses variable costing.
2. Prepare an income statement assuming Mitchco uses absorption costing. Mitchco uses a denominator
level of 1,100 units. Production-volume variances are written off to cost of goods sold.
The contribution margin per unit = contribution margin/no. of units sold is 11.5
How to solveThe income statement
b. 136000
if sales are doubled variable cost will also be doubled. so 68000*2= 136000
c.50000
if sales are doubled total fixed cost will remain the same.
d. 230
if 20 more units will be sold profit willincreased by 230. i.e. contribution * no. of units sold
so 11.5*20= 230
e. 4348 units
Break-Even point (units) = Fixed Costs ÷ (Sales price per unit – Variable costs per unit)
i.e. 50000/20-8.5 = 4347.82 i.e. 4348 units
f. 9565.21 i.e. 9566 units
Profit = sales - variable cost - fix cost
60000 = sales - variable cost - 50000
sales - variable cost = 60000+ 50000
sales - variable cost = 110000
Total amount required to earn = 110000
so units required to be sold = Total amount required to earn/ Contribution per unit
110000/11.5 = 9565.21
g.150000
After tax revenue = (sales - variable cost - fix cost)- Tax rate
30000= (sales - variable cost - 50000) - 30%
30000/30% = (sales - variable cost - 50000)
100000 = (sales - variable cost - 50000)
sales - variable cost = 100000+50000
sales - variable cost / Revenue required = 150000
Read more about variable costs here:
https://brainly.com/question/5965421
#SPJ1
external opportunities of a pharmacy business
The pharmacy sector is India's most profitable and fastest growing business sector. There are numerous business opportunities to begin in this sector.
Here are four areas of your pharmacy business that you might want to concentrate on, along with some resources to help you get started.
1.Profitability
2.Customer Contentment
3.Services
4.Leadership
There are many profitable segments available in the pharma sector, but the main issue is that people are not fully aware of these segments. Whether they come from a pharmacy background or not, they frequently struggle to find where to invest their hard core money or how to get started. Here we will discuss some important businesses in the pharmacy sector that will be beneficial to your business career.
Learn more about pharmacy here:
https://brainly.com/question/11341938
#SPJ9
A taxpayer wants to deduct the cost of a seven-year asset placed in service this year. The cost qualifies for the Section 179 election to expense assets. Which of the following statements is most accurate regarding the immediate expensing of this asset versus the depreciation of this asset over seven years?
Possible Answers:
The cost of the asset may be deducted under both Section 179 and as depreciation.
There is no difference in the total amount that is deductible over the life of the asset.
Depreciation provides a greater deduction over the life of the asset.
Section 179 provides a greater deduction over the life of the asset because, subject to limitations, the cost of the asset is deductible in full.
The most accurate statement regarding the immediate expensing of a seven-year asset placed in service this year versus the depreciation of the asset over seven years is that Section 179 provides a greater deduction over the life of the asset because, subject to limitations, the cost of the asset is deductible in full. Section 179 allows taxpayers to immediately expense the cost of qualifying assets, rather than depreciating them over time.
This provides a larger immediate deduction, but may limit future deductions if the asset is held for several years. Depreciation provides a smaller deduction each year, but allows the taxpayer to spread the deduction over the life of the asset. Ultimately, the best choice depends on the taxpayer's specific circumstances and financial goals.
To know more about Section 179 click here:
brainly.com/question/28522071
#SPJ4
what is business marketing?
Answer:
Business marketing
Business marketing is a marketing practice of individuals or organizations. It allows them to sell products or services to other companies or organizations that resell them, use them in their products or services or use them to support their works. It is a way to promote business and improve profit too.
Answer:
yes
Explanation:
Business marketing is a marketing practice of individuals or organizations. It allows them to sell products or services to other companies or organizations that resell them, use them in their products or services or use them to support their works. It is a way to promote business and improve profit too.