Radar Company sells bikes for $480 each. The company currently sells 4,000 bikes per year and could make as many as 4,370 bikes per year. The bikes cost $260 each to make: $160 in variable costs per bike and $100 of fixed costs per bike. Radar received an offer from a potential customer who wants to buy 370 bikes for $460 each. Incremental fixed costs to make this order are $46,000. No other costs will change if this order is accepted.
Compute Radar's additional income (ignore taxes) if it accepts this order.
Answers
Answer:
$65,000
Explanation:
The total cost of the additional order will be $46,000 of fixed costs and an additional $160 of variable costs for each of the 370 bikes. The additional production cost is:
\(C=\$46,000+370*\$160\\C=\$105,200\)
If each bike is going to be sold for $460, then the additional income (excluding taxes) from accepting this order is:
\(I=(price*units)-cost\\I=(\$460*370)-\$105,200\\I=\$65,000\)
Radar's additional income is $65,000.
Related Questions
Is a measurement of the way suppliers respond to a change in price
Answers
Answer:
Elasticity
Explanation:
Elasticity of supply is a measure of the way suppliers respond to a change in price.
Good Luck!
Select the correct answer.
Some social workers work in hospitals.
A. True
B. False
Answers
Answer:
A
Explanation:
Hope that helps!!
A company had average total assets of $937,000. Its gross sales were $1, 099,000 and its net sales were $960,000. The company's total asset turnover equals:________ a) 1.14. b) 1.02. c) 1.17. d) 0.85. e) 0.98.
Answers
Answer:
The answer is 1.02
Explanation:
Asset turnover is an effiency ratio and it measures the how efficient a company is using its asset to generate profit.
The formula is Revenue or net sales / total asset
Revenue or net sales = $960,000
Total asset = $937,000
$960,000/$937,000
= 1.02
This ratio means that for every dollar in assets, the company generates $1.02
According to a summary of the payroll of Mountain Streaming Co., $110,000 was subject to the 6.0% social security tax and the 1.5% Medicare tax. Also, $25,000 was subject to state and federal unemployment taxes. a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4%; federal unemployment, 0.8%. $ b. Journalize the entry to record the accrual of payroll taxes. If an amount box does not require an entry, leave it blank.
Answers
Answer:
a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4%; federal unemployment, 0.8%.
$9,800b. Journalize the entry to record the accrual of payroll taxes. If an amount box does not require an entry, leave it blank.
Dr FICA Social Security expense 6,600Dr FICA Medicare expense 1,650Dr Federal unemployment tax expense 200Dr State unemployment tax expense 1,350 Cr FICA Social Security payable 6,600 Cr FICA Medicare payable 1,650 Cr Federal unemployment tax payable 200 Cr State unemployment tax payable 1,350Explanation:
payroll taxes should be:
social security $110,000 x 6% = $6,600
Medicare $110,000 x 1.5% = $1,650
federal unemployment $25,000 x 0.8% = $200
state unemployment $25,000 x 5.4% = $1,350
total = $9,800
Both employees and employers must pay equal amounts of FICA taxes (social security and medicare), but only employees pay unemployment taxes.
On January 1, 20X1, Como Company purchased 45% of the outstanding common shares of the Lite Company for $200,000. The net assets of Lite Company totaled $400,000. The inventory had a book value of $100,000 and a fair value of $120,000. Excess cost attributable to inventory is written off in 20X1. During 20X1, Lite Company earned $200,000 and declared a dividend of $40,000 for the year. The carrying value of the Lite investment at the end of 20X1 is:
Answers
The carrying value of Como Company's investment in Lite Company at the end of December 31, 20X1 is $272,000.
Data and Calculations:
Investments in Lite Company = $200,000
Percentage of shareholding = 45%
Net assets of Lite Company on January 1, 20X1 = $400,000
Lite Company's earnings for 20X1 = $200,000
Dividend declared by Lite Company = $40,000
Share from Earnings in Lite = $72,000 ($200,000 + 45% of( $200,000 - $40,000)
Value of investment at the end of 20X1 = $272,000 ($200,000 + $72,000)
Thus, the investment in Lite Company at the end of 20X1 has a carrying value of $272,000.
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which of the following will a company that is pursuing a low-cost leadership strategy most likely use for creating its product?
Answers
A company pursuing a low-cost leadership strategy will most likely use the following methods for creating its product mass production and standardization, vertical integration, and automation and technology. Here option D is the correct answer.
Mass production and standardization: This involves producing large quantities of standardized products using economies of scale to reduce costs.
Vertical integration: This involves the company owning and controlling the entire supply chain from raw materials to distribution, which helps to reduce costs by eliminating intermediaries and controlling quality.
Automation and technology: This involves investing in technology and automation to improve efficiency and reduce costs in production and distribution processes. Outsourcing and offshoring: This involves outsourcing non-core activities such as manufacturing to low-cost countries to take advantage of lower labor costs.
Complete question:
Which of the following will a company that is pursuing a low-cost leadership strategy most likely use for creating its product?
A - Mass production and standardization
B - Vertical integration
C - Automation and technology
D - All of these
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Which statement is true regarding monopolistic competition?
Answers
Answer:
AR>MR
--------------------------------------
WHERE ARE THE OPTIONS.
Potts company uses a job costing system and had the following data available for 20X9.
Cost of raw materials purchased on account $ 75,000
Cost of raw materials requisitioned(includes
$2,000 of indirect materials) $ 43,000
Direct labor cost incurred $ 75,000
Manufacturing overhead costs incurred $ 95,000
Cost of goods completed $ 226,750
Cost of goods sold $ 138,000
Raw materials inventory, Jan. 1, 20X9 $ 15,000
Work in process inventory, Jan. 1, 20X9 $ 32,000
Finished goods inventory, Jan. 1, 20X9 $ 31,000
Pre-determined manufacturing overhead rate 125% (as a percent of direct labor cost)
Refer to Case 1.
The journal entry to record the total materials placed into production would include which of the following?
A) debit to manufacturing overhead for $41,000
B) debit to work in process for $43,000
C) debit to work in process for $41,000
D) credit to manufacturing overhead for $2.000
Refer to Case 2.
The journal entry to record the actual manufacturing overhead costs incurred would include which of the following?
A) debit to manufacturing overhead $95,000
B) debit to work in process for 93.750
B) credit to work in process $95,000
C) credit to manufacturing overhead $93,750
Answers
Answer:
1. C) debit to work in process for $41,000
2. A) debit to manufacturing overhead $95,000
Explanation:
1. The materials that were placed into production are:
= Cost of raw materials requisitioned - indirect materials
= 43,000 - 2,000
= $41,000
This will be debited to the Work in Progress as it is a direct cost.
2. Manufacturing overhead for the period is $95,000 and this will go to the manufacturing overhead account as a debit because it is an expense.
What is a current trend seen in advertising? Multiple Choice an increased use of commissions by large advertisers the emergence of consultancies a decline in the use of integrated marketing communications an increase in the importance of traditional media the decrease of audience empowerment
Answers
The most recent trend that is seen online is the use of integrated marketing communications.
Current trends in advertisingAdvertising trends have evolved from traditional print ads and TV spots to new marketing strategies that include QR codes, co-branding, content marketing, and online advertising.
The most recent trend that is seen online is the use of integrated marketing communications.
Integrated marketing communications is an approach to promoting a message through multiple strategies that work together and reinforce one another.
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The broad scope seeks to attract a large group of applicants who have a high probability possessing the characteristics that are needed to perform a specific job and qualifications are specific and specialized.
A. True
B. False
Answers
Zook Manufacturing's total six-month sales were $85 million, with $25.5
million of that amount from the Internet. What was the percentage of
Internet sales?
Answers
Explanation:
85 ÷ 25.5 = 0.3
0.3 × 100 = 30%
john, 84, has developed alzheimer's and can no longer care for himself. prior to becoming incapacitated, john executed a will and a medical power of attorney. john's daughter comes to you, his financial planner, and inquires as to whether she can manage his finances for him, since she is named as the executor of the will and the agent under the medical power of attorney. which one of the following statements would be a correct response to her inquiry? a) john's daughter may not manage his financial affairs unless she is appointed by the court as his custodian. b) john's daughter may manage his financial affairs because she is appointed as executor of the will and as the agent under the medical power of attorney. c) john's daughter may not manage his financial affairs unless she is appointed by the court as his conservator. d) john's daughter may manage his financial affairs because that was his express intent in a conversation you had with him several years ago.
Answers
John's daughter is permitted to handle his financial affairs because she was chosen to serve as both the will's executor and the medical power of attorney's agent.
A person who oversees a deceased person's estate is known as an executor. The main responsibility is to guarantee that the assets are distributed to the intended beneficiaries in accordance with the deceased's desires as expressed in their will or trust documents. a legal document that grants someone the power to decide crucial matters about your health care. supply.
It is from this location that John's daughter expects to carry out her duties as executor and medical power of attorney.
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Which Airlines lounges are the best ?
Answers
Reason:
Air France’s first class is the whole package. Not only does Air France offer one of the world’s best first class inflight products, but the carrier’s ground experience in Paris is equally impressive.
If you’re connecting in Paris, you’ll be picked up at your plane and driven to the first class lounge, and then later on will be driven from the first class lounge to your connecting flight.
There’s so much to love about the Air France first class lounge, though my favorite thing is probably the restaurant, which has an Alain Ducasse menu. In my experience it’s the best food offered in any airline lounge in the world. It’s not just that the food quality is excellent, but the service and presentation are equally good.
Hopefully this helps!
Answer:
Air France La Première Lounge, Paris is the first best Airline lounge in the World.
Explanation:
The Air France La Première Lounge gives its customer one of the fashionable flying experiences in the world, as it includes freshening up the cozy cocktail bar to be brighter and more inviting, adding semi-private relaxation areas and installing new pieces of art.
In addition to having one of the best first class inflight experiences available, Air France also provides an outstanding ground experience in Paris. Best food is also offered at the restaurant there.
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Question 8 of 10
Which of the following responses is the most ethical way to deal with a
problem?
A. Hire a public relations firm to deal with the media fallout.
B. Consider what effects your actions would have over the long term
if they were discovered.
C. Discover who was responsible and terminate their relationship
with the company.
D. Assume that the customer is always right.
Answers
Answer:
B
Explanation:
If you're going to solve it ur going to need to know how it's going to effectively help don't just do it first think.
Out of the choices provided above, it can be concluded to state that considering the effects of one's actions over a long term discovery is one of the ideal responses, and an ethical way to deal with a problem. Therefore, the option B holds true.
What is the significance of an ethical problem?An ethical problem can be referred to or considered as one of the most critical concern for the smooth functioning of a working organization. It is needed to be dealt in an effective way using relevant solutions that can derive positive outputs for the organization.
The consequences of a problem may be ambiguous in nature, and thus, it becomes important to review them well by taking the effects of actions into consideration, and what influence they could have on the organization in the longer run.
Therefore, the option B holds true and states regarding the significance of an ethical problem.
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c) “Shadow price is the increase in value created by having one additional unit of a limiting resource at original cost”. Provide a comprehensive real world example of where a shadow price can be calculated with multiple limiting factors and with more than one product. Your answer should be in a form of a short case study roughly 4 or 5 sentences. (5 marks)
Answers
A real world example of shadow pricing would be in a case where a manufacturer produces two product A and B with 2 input such as raw materials and labor.
How is this so?Two products (A & B) are produced through the use of two primary resources: labor & raw materials. To produce one unit of product A, we require roughly an hour's worth (60 minutes) of work time from our available pool.
Also, approximately two pounds worth of our current stockpile must be incorporated into each instance as well. Comparatively speaking, producing one unit from group B takes almost three times that much effort (3 hours' time), but only requires about half as much by weight (a single pound).
Our maximum allowance stands at exactly 60 work-hours across all levels plus another hundred pounds maximum in terms concerning these earthly elements - with that established pricing amounts to a flat rate where five dollars buys us one metric pound whereas ten dollars goes towards hourly wages; so what is their shadow price?
When dealing with limited input availability, the optimal allocation of resources and production process optimization can be achieved using shadow prices. In this regard, it has been determined that labor's shadow price stands at $10 per hour while the shadow price for raw materials is set at $5 per pound.
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Equipment with a cost of $240,000 has an estimated residual value of $18,600, has an estimated useful life of 12 years, and is depreciated by the straight-line method.
Answers
The annual depreciation expense for the equipment using the straight-line method is $18,450.
In this scenario, the equipment has a cost of $240,000, an estimated residual value of $18,600, and an estimated useful life of 12 years. The equipment is depreciated using the straight-line method.
Depreciation is a method used to allocate the cost of an asset over its useful life. The straight-line method is a commonly used depreciation method where the cost of the asset is evenly spread out over its useful life.
To calculate the annual depreciation expense using the straight-line method, we subtract the estimated residual value from the cost of the equipment and divide the result by the estimated useful life:
Depreciation Expense per Year = (Cost - Residual Value) / Useful Life
Depreciation Expense per Year = ($240,000 - $18,600) / 12
Depreciation Expense per Year = $221,400 / 12
Depreciation Expense per Year = $18,450
Therefore, the annual depreciation expense for the equipment using the straight-line method is $18,450.
By depreciating the equipment over its useful life, the company is spreading out the cost of the equipment in a systematic manner, reflecting its gradual wear and tear and decrease in value over time. This approach allows for the matching of expenses with the revenue generated by the equipment's usage throughout its useful life.
It's important to note that depreciation methods and useful life estimates may vary depending on accounting standards and individual company policies. Additionally, the estimated residual value represents the expected value of the equipment at the end of its useful life, accounting for potential salvage or resale value.
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the first person that answer this will get brainliest..... whats 8343743768763803 plus 87363606
Answers
Zoe is trying to decide how to divide her time between her job as a wedding photographer, which pays $30 per hour for as many hours as she chooses to work, and as a fossil collector, in which her pay depends on both the price of fossils and the number of fossils she finds. Earnings aside, Zoe is indifferent between the two tasks, and the number of fossils she can find depends on the number of hours a day she searches, as shown in the table below:
Answers
The table was the completed the number of fossils she can find depends on the number of hours a day:
The lowest price Zoe would accept per fossil is
Hours per day Lowest price Zoe
1 $5
2 $6
3 $7.5
4 $10
5 $15
What is fossils?The geologically changed remnants of a once-living creature and/or its behavior are referred to as fossils. Fossils are the natural processes that preserved the remains or evidence of ancient life.
The marginal output of fossils per day as the divided by $30 per
Fossils are 6 per day : 6
Fossils are 11 per day : (11 - 6) / (2 - 1) = 5
Fossils are 6 per day : (15 - 11) / (3 - 2 = 4
Fossils are 6 per day : (18 - 15) / (4 - 3) = 3
Fossils are 6 per day : (20 - 18) / (5 - 4) = 2
Lowest price :
30/6 = 5
30/ 5 = 6
30 / 4 = 7.5
30 / 3 =10
30 / 2 = 15
As a result, the significance of the fossil collector are the aforementioned.
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Your question is incomplete, but most probably the full question was.
Zoe is trying to decide how to divide her time between her job as a wedding photographer, which pays $30 per hour for as many hours as she chooses to work, and as a fossil collector, in which her pay depends on both the price of fossils and the number of fossils she finds. Earnings aside, Zoe is indifferent between the two tasks, and the number of fossils she can find depends on the number of hours a day she searches, as shown in the table below:
a. Using this information, compute the lowest price that Zoe would accept per fossil in order to justify her spending more
time collecting fossils and less time working as a wedding photographer.
Instructions: Complete the table below. Enter your responses rounded to the nearest penny (two decimal places).
Hours
per day
1
Lowest price Zoe
Total fossils would accept per
per day
fossil
6
$
2
11
$
3
3
15
$
4
18
$
5
20
$
Concord Windows manufactures and sells custom storm windows for three-season porches. Concord also provides installation service for the windows. The installation process does not involve changes in the windows, so this service can be performed by other vendors. Concord enters into the following contract on July 1, 2020, with a local homeowner. The customer purchases windows for a price of $2,360 and chooses Concord to do the installation. Concord charges the same price for the windows irrespective of whether it does the installation or not. The installation service is estimated to have a standalone selling price of $620. The customer pays Concord $1,920 (which equals the standalone selling price of the windows, which have a cost of $1,100) upon delivery and the remaining balance upon installation of the windows. The windows are delivered on September 1, 2020, Concord completes installation on October 15, 2020, and the customer pays the balance due.
Prepare the journal entries for Geraths in 2020. (Round amounts to nearest dollar.)
Answers
Answer:
Concord enters into the following contract on July 1, 2020, with a local homeowner for a price of $2,360.
There will be no Journal entry
On September 1, 2020
Windows = $1,920
Installation = $620
Total = $2,540
Particulars Amount
Installation $576
($620/ $2,540) * $2,360
Windows $1,784
($1,920 / $2,540) * $2,360
Revenue recognized $2,360
Date Account details Debit$ Credit$
Sep 1,2020 Cash 1,920
Account receivable 440
Unearned service revenue 576
Sales revenue 1,784
Cost of goods sold 1100
Inventory 1100
15 Oct,2020 Cash 440
Unearned service revenue 576
Service revenue (installation) 576
Account receivable 440
(Revenue recognized after service provided)
Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Answers
Using the appropriate tool from the Accountant Tools menu, the 4 options that can be batch reclassified in QuickBooks Online Accountant are options A, B, C and F:
ClassesCustomersProducts and ServicesAccountWhat is QuickBooks Online Accountant?In the above question, too batch reclassify these items, you can use the "Batch Reclassify Transactions" tool, which can be found under the Accountant Tools menu.
This tool allows you to select multiple transactions and reclassify them to a different account, class, customer, or product/service.
Therefore, Locations, tax codes, and suppliers cannot be batch reclassified using this tool. However, you can edit individual transactions to change their location, tax code, or supplier if necessary.
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See full question below
Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Classes
Customers
Products and Services
Locations
Tax Code
Account
Suppliers
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.
Answers
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.
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Who Is Lil Loaded i want to know
Answers
Answer:
search it up
Explanation:
Answer:
he is a rapper dude. search it up
Explanation:
How can the acquisition of Heardle help Spotify?
Does the decision adjust the time value of money and risk appropriately?
How would Spotify value Heardle for an acquisition? Does the decision provide information on whether it creates value for the firm?
How will listening to the full song after playing Heardle help Spotify?
In your opinion, is the acquisition a good decision? Why or Why not?
Answers
Yes, the choice properly adjusts the temporal value of money and risk.
A reasonable acquisition cost for Spotify from Heardle would be $9 billion.
The decision does indeed reveal whether it adds value to the company.
After playing Heardle, Spotify benefits from listening to the entire song.
It was wise to make the purchase. One of the biggest software firms in the world, Microsoft has a lot of resources at its disposal to offer technological web solutions.
When making purchases and signing contracts for sums under $10,000, state agencies are permitted to use the fair and reasonable acquisition method. The F&R acquisition method does not demand an NCB.
It is necessary to examine the pricing and establish whether it is fair and reasonable when using this reasonable acquisition method. To do this, choose one of the methods listed in the section below on how to determine fair and reasonable acquisition. Buyers must base their comparisons on identical circumstances or those with minute variances that have no bearing on pricing when determining fair and acceptable pricing using price comparisons, catalog/market prices, and/or historical pricing.
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Yes, the choice properly adjusts the temporal value of money and risk.
A reasonable acquisition cost for Spotify from Heardle would be $9 billion.
The decision does indeed reveal whether it adds value to the company.
After playing Heardle, Spotify benefits from listening to the entire song.
It was wise to make the purchase. One of the biggest software firms in the world, Microsoft has a lot of resources at its disposal to offer technological web solutions.
When making purchases and signing contracts for sums under $10,000, state agencies are permitted to use the fair and reasonable acquisition method. The F&R acquisition method does not demand an NCB.
It is necessary to examine the pricing and establish whether it is fair and reasonable when using this reasonable acquisition method. To do this, choose one of the methods listed in the section below on how to determine fair and reasonable acquisition. Buyers must base their comparisons on identical circumstances or those with minute variances that have no bearing on pricing when determining fair and acceptable pricing using price comparisons, catalog/market prices, and/or historical pricing.
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The budget for Milltown was $3.55 million in 1990. In 1995, the budget was $4.15 million, and in 2000 the budget was $5.3 million. By how much did the budget increase from 1995 to 2000?
Answers
Explanation: The problem asks us to find the difference between the budget in 2000 and the budget in 1995, which can be calculated by subtracting the budget in 1995 from the budget in 2000. This gives us an increase in the budget of $1.15 million.
Since you are selling friendship bracelets online, the Internet service provider (ISP) is your agent.
True
False
Answers
Answer:
false
Explanation:
the internet service provider is a service for internet not an agency
Answer:
true on edgin
Explanation:
The pattern for credit receivables collections are 60% month of sale, 30% month after sale and 10%second month after sale. What are the forecasted cash collections for the month of June
Answers
Answer:
$269,750
The complete question
A company has projected the following sales for the spring quarter of 2014:
April $200,000
May $250,000
June $275,000
65% of all sales are paid for with cash. The remainder is on credit.
The pattern for credit receivables collections are:
The Month of Sale 60%
Month After-Sale 30%
Second Month After-Sale 10%
What are the forecast cash collections for the Month of June?
Explanation:
Cash collection for June will include
65% cash payment for June sales
=65% of $275,000
=65/100 x $275,000
=0.65 x 275,000
=$178,750
cash sales =$178,750
Credit sales
credit collection from June sales:
65% was sold cash, meaning 35% was sold on credit.
35% of 275,000 = 35/100 x 275,000
=0.35 x 275,000
=96,250
cash collection for credit sales for June
=60% of 96,250
=0.6 x 96,250
=$57,750
May sales
65% of $250,000 was paid cash
35% was on credit.
35% of $250,000
=35/100 x 250,000
=$87,500
cash collection for may credit sales
=30% of 87,500 was paid in June
=0.3 x 87,500
=$26,250
From April sales
65% of sales were cash and 35% of credit
35$ of$200,000 was credit
=0.35 x $200,000
=$70,000
10% was paid in June
=10/100x $70,000
=0.1 x $70,000
=7,000
Total cash collection for June
=$178,750 + $57,750 +$26,250 + 7,000
=$269,750
Student aid is based on either financial need or _____ need.
A. Merit-based
B. Academic
C. Social
D. Emotional
(Please help I’m confused by all the different answers people are giving and I need to turn this in soon)
Answers
what are some ways the financial crisis in 2008 could've been avoided
Answers
The financial crisis in 2008 could've been avoided in some ways by Regulating the housing market, Proper regulation banks and financial institutions, Introduction of better accounting standards, Encouraging greater transparency, and Regulating credit rating agencies.
The global financial crisis of 2008 was a significant economic event that had a far-reaching impact on the worldwide economy. The crisis resulted in the collapse of numerous leading financial institutions, which led to unprecedented losses in the stock market, a decline in economic growth, and high levels of unemployment. It is commonly believed that the crisis could have been avoided if appropriate measures had been taken at the right time.
Here are some ways the financial crisis in 2008 could have been avoided:
1. Regulating the housing market: The financial crisis of 2008 originated from the housing market collapse. Banks and financial institutions had given loans to people who could not afford them, and when the housing bubble burst, a massive number of mortgages went into default. If the government had regulated the housing market more effectively, the financial institutions would not have been able to give out loans to risky borrowers, and the housing market would not have collapsed.
2. Proper regulation of banks and financial institutions: If banks and financial institutions were regulated more effectively, they would not have been able to engage in risky financial practices that led to the crisis. Regulators would have spotted the risky activities early on and would have been able to take corrective action before it was too late.
3. Introduction of better accounting standards: During the financial crisis of 2008, banks and financial institutions engaged in creative accounting practices to hide their losses. This deception made it difficult to ascertain the real situation of the banks and financial institutions, leading to a lack of confidence in the market. If better accounting standards had been introduced, this could have been avoided.
4. Encouraging greater transparency: The financial crisis of 2008 was partly caused by a lack of transparency in the market. If regulators had encouraged greater transparency, there would have been more information available to investors, which could have led to greater confidence in the market.
5. Regulating credit rating agencies: Credit rating agencies played a significant role in the financial crisis of 2008. They gave high ratings to toxic financial products, which misled investors and led to the collapse of the market. If credit rating agencies were regulated more effectively, they would not have been able to give high ratings to risky products, and the market would have been more stable.
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Lowden Company has a predetermined overhead rate of and allocates overhead based on direct material cost During the current period direct labor cost is 58,000 and direct materials cost is $ 88,000 . How much overhead cost should Lowden Company should apply in the current period
Answers
Answer:
$138,160
Explanation:
Calculation to determine How much overhead cost should Lowden Company should apply in the current period
Using this formula
Overhead =157%*Direct material cost
Let plug in the formula
Overhead=157%*88,000
Overhead=$138,160
Therefore the amount of overhead cost that Lowden Company should apply in the current period is $138,160
Branch Company, a building materials supplier, has $18,400,000 of notes payable due April 12, 2022. At December 31, 2021, Branch signed an agreement with First Bank to borrow up to $18,400,000 to refinance the notes on a long-term basis. The agreement specified that borrowings would not exceed 70% of the value of the collateral that Branch provided. At the date of issue of the December 31, 2021, financial statements, the value of Branch's collateral was $19,600,000. On its December 31, 2021, balance sheet, Branch should classify the notes as follows:
a. $18,400,000 of long-term liabilities.
b. $18,400,000 of current liabilities.
c. $3,680,000 long-term and $14,720,000 current liabilities.
d. $15,680,000 long-term and $2,720,000 current liabilities.
Answers
Answer:
The answer is "Choice d"
Explanation:
Please find the complete question in the attached file.
Follows are the calculation to this question:
The notes on payable= \(\$18,400,000\)
Calculating the Refinancing ability:
\(=\$ 19,600,000 \times 80\% \\\\ = \$ 19,600,000 \times \frac{80}{100} \\\\ = \$ 196,000 \times 80 \\\\ =\$15,680,000\)
The current liability= \(\$2,720,000\)
