Assume Company Wolverine has the following information:
After tax cost of debt = 5.0%. Cost of Equity = 12.0%
Capital structure = 40% debt, 60% equity.
What is the Weighted Average Cost of Capital (WACC) for Company Wolverine?
Answers
The Weighted Average Cost of Capital (WACC) for Company Wolverine is 9.2%.
To calculate the Weighted Average Cost of Capital (WACC) for Company Wolverine, we need to consider the proportion of debt and equity in its capital structure and their respective costs.
Given information:
Cost of debt (after tax) = 5.0% (or 0.05 as a decimal)
Cost of equity = 12.0% (or 0.12 as a decimal)
Capital structure: 40% debt, 60% equity
First, let's calculate the weighted cost of debt:
Weighted Cost of Debt = Proportion of Debt * Cost of Debt
= 0.40 * 0.05
= 0.02 or 2.0% (as a decimal)
Next, let's calculate the weighted cost of equity:
Weighted Cost of Equity = Proportion of Equity * Cost of Equity
= 0.60 * 0.12
= 0.072 or 7.2% (as a decimal)
Now, we can calculate the WACC by summing up the weighted costs of debt and equity:
WACC = Weighted Cost of Debt + Weighted Cost of Equity
= 0.02 + 0.072
= 0.092 or 9.2% (as a decimal)
Therefore, the Weighted Average Cost of Capital (WACC) for Company Wolverine is 9.2%.
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Related Questions
The ability to read, understand, and analyze accounting reports and financial statements is critical in understanding ______.
Answers
Answer:
business operations
Explanation:
True or False, intangible benefits of an information system are those that cannot be easily quantified.
Answers
The statement is Intangible benefits of an information system are those that cannot be easily quantified True. These benefits are typically subjective and difficult to measure in monetary terms.
They are often related to factors such as improved decision-making, enhanced communication, increased customer satisfaction, and better organizational efficiency.
Unlike tangible benefits, which can be expressed in concrete terms such as cost savings or increased revenue, intangible benefits are more qualitative in nature and focus on the overall impact and value that an information system brings to an organization. While they may be harder to measure and assign a specific financial value to, they are still valuable and important for organizations.
Examples of intangible benefits of an information system include:
Improved collaboration and knowledge sharing among employees, leading to better teamwork and innovation.
Enhanced customer experience and satisfaction through personalized services or streamlined processes.
Increased data accuracy and reliability, reducing errors and improving the quality of decision-making.
Enhanced organizational reputation and brand image as a result of effective use of technology.
Improved employee morale and job satisfaction due to a more efficient and user-friendly system.
Although intangible benefits may not be easily quantifiable, they are recognized as significant contributors to an organization's success and can have a profound impact on its overall performance and competitiveness.
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Assume that Tom has told the group, "My daughter just graduated from an MBA program, and I want her to get some real-world experience. I would like to bring her in as a partner. She has given me $10,000 from her savings as an investment in the project, and I’ve asked her to review our marketing strategy." From the perspectives of Tom, Linda, and Zach, develop the following arguments (1) whether Tom’s daughter should or should not be considered a partner, (2) how much of the profits she should receive if she is considered a partner, and (3) how her contribution will benefit or hurt your position in the business.
Answers
From Tom's perspective, he sees his daughter's MBA degree as a valuable asset to the business and believes that she deserves to be considered a partner.
He also sees her investment as a vote of confidence in the project. From Linda's perspective, she may have concerns about nepotism and the potential for conflicts of interest if Tom's daughter is brought in as a partner. However, if she is qualified and brings valuable skills to the table, Linda may see her as a valuable addition to the team. Zach may have concerns about the distribution of profits and how much equity Tom's daughter should receive as a partner. He may argue that her investment does not necessarily equate to equal ownership in the business.
Ultimately, the decision to bring Tom's daughter in as a partner should be based on her qualifications and contributions to the business, not just her relation to Tom. If she is a valuable asset, she should receive a fair share of the profits based on her ownership stake in the company. Her contribution could benefit the business by bringing in fresh ideas and expertise, but it could also potentially hurt if there are conflicts of interest or if she does not live up to expectations.
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Which of the following best describes the role of households and firms in the circular flow model of the economy?
a. Firms provide households with factors of production in exchange for money; households provide firms with goods and services in exchange for money
b. Households provide firms with factors of production in exchange for goods and services
c. Households supply the factors of production to firms in exchange for money; firms supply goods and services to households in exchange for money
d. Firms and households exchange money with one another in the pursuit of higher incomes and profits
Answers
Households supply the factors of production to firms in exchange for money; firms supply goods and services to households in exchange for money - best describes the role of households and firms in the circular flow model of the economy. The correct answer would be option C.
The circular flow model illustrates how money circulates in an infinite cycle from suppliers to households and back again. Money goes back and forth in an economy as workers spend their income on goods and services, first going from manufacturers to workers as wages, and then back to producers. It is possible to make the model more intricate by including factors that increase the money supply, such as exports and imports. A country's gross domestic product (GDP) which is also known as its national income, is the outcome of adding up all of these variables.
Governments and central banks can modify monetary and fiscal policy to enhance an economy by analyzing the circular flow model and its present effect on GDP.
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The _______ system gives both producers and consumers important information they use in making decisions about how to allocate their resources and is determined by forces of supply and demand.
1.) profit
2.)none of the above
3.)price
Answers
True or False Communication is not always a vital skill in the workplace
Answers
Communication is always a vital skill in the workplace. The appropriate response is false.
What is communication?Information exchange is the traditional definition of communication. The expression can be used to describe both the broadcast and the area of study that looks at such transmissions. Information can be given, received, and shared through exchange.
Communication in the workplace is essential since it boosts worker happiness, productivity, and morale. Additionally important is communication for bettering teamwork and cooperation. Individuals, teams, and organizations all perform better when there is effective workplace communication.
Emails and chats you have during the day to request things, ask questions, get information, give or receive instructions, and so on are examples of informal interactions.
In the workplace, communication is a crucial ability.
Hence, the appropriate response is false.
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Nathan bought 200 shares of stock at $40 per share ($8,000 total). He paid $5,000 in cash and borrowed $3,000 from the brokerage firm. The loan has an annual interest rate of 6 percent.
Six months later, the stock’s current price is $38 per share. If Nathan sells now, he will pay a commission of $160 and will have to repay the loan. If he sells now, he will lose $ __.00
Answers
If Nathan sells now, after paying a commission of $160 and margin account interest of $90, he will lose $650.
What is buying on margin?Buying on margin is a situation when an investor buys an asset by borrowing the balance from the brokerage firm.
With buying on margin, the investor pays part of the investment cost while the remaining is met by the broker.
Data and Calculations:Cost of 200 shares at $40 per share = $8,000
Investor's cash = $5,000
Margin purchase = $3,000
Interest rate = 6%
Interest amount = $90 ($3,000 x 6% x 1/2)
Commission = $160
Total amount spent = $8,250 ($8,000 + $90 + $160)
Total amount realized from sale = $7,600 ($38 x 200)
Loss from sale = $650 ($7,600 - $8,250)
Thus, if Nathan sells now, after paying a commission of $160 and margin account interest of $90, he will lose $650.
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What is the hazard? Chris works for a city public works department. One hot afternoon the temperature outside reached 92 degrees. While Chris was shoveling dirt in a vacant lot, he started to feel dizzy and disoriented. He fainted due to the heat.
Answers
Answer: dehydration
Explanation:
Answer:
dehydration and heat exhaustion.
Explanation:
I hope this helps! :)
explain the five elements that are part of a strategic understanding of the client's business.
Answers
These five elements, you can develop a comprehensive understanding of the client's business is Goals and Objectives , Market and Industry Analysis, Target Audience, Internal Resources and Capabilities, Financial Performance and Projections.
The five elements that are part of a strategic understanding of the client's business include:
1. Goals and Objectives: Understanding the client's short-term and long-term goals helps align your strategies with their expectations and desired outcomes.
2. Market and Industry Analysis: Examining the client's industry and market trends allows you to identify opportunities and threats, as well as understand their competitive landscape.
3. Target Audience: Knowing the client's target audience helps in creating tailored strategies that effectively reach and engage their potential customers.
4. Internal Resources and Capabilities: Assessing the client's organizational structure, resources, and capabilities is essential in crafting strategies that are feasible and sustainable for their business.
5. Financial Performance and Projections: Analyzing the client's financial data and forecasting future performance helps in making informed decisions and setting realistic strategic goals.
By considering these five elements, you can develop a comprehensive understanding of the client's business and create effective strategies to achieve their objectives.
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In what seven (7) way can we promote good marriage in the society
Answers
Answer:
1.being loving
2bieng understanding
3being loy
Why should you complete the Free Application for Federal Student Aid (FAFSA)?
A: To eliminate a semester of college requirements
B: To find the lowest interest rates on student loans
C: To get information on the schools you are interested in
D:To identify what grant programs you qualify for
Answers
Answer:
D
Explanation:
FASFA get that money baby.
You should complete the Free Application for Federal Student Aid to identify what grant programs you qualify for. The appropriate response is option D.
What is Free Application for Federal Student Aid ?The procedure for applying for financial aid begins with the Free Application for Federal Student Aid (FAFSA). Fill out the online form. You use it to submit applications for federal student aid, including grants, loans, and work-study programs. Additionally, the majority of states and universities give non-federal aid using data from the FAFSA.
A student must have economic need, be enrolled in a diploma or certificate program at a college or university, be a U.S. citizen, or be an eligible noncitizen to be eligible for the FAFSA.
Additional conditions for federal eligibility include having a valid Social Security number, continuing to perform satisfactorily in school, and earning a high school diploma, among others.
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7. Elon regularly threatens to suspend salespeople who do not make their quotas. Almost everyone on his team has multiple disciplinary reports. Which of the following best describes the type of power that Elon frequently uses?
A. legitimate power
B. coercive power
C. personal power
D. reward power
Answers
Elon Musk's behavior, as described in the scenario, aligns most closely with coercive power.The correct answer is option B.
Coercive power is the ability to punish or impose negative consequences on individuals or groups. In this case, Elon Musk threatens to suspend salespeople who do not meet their quotas, indicating his intention to exercise control through punitive actions.
By utilizing coercive power, Elon Musk attempts to motivate his sales team through fear and the potential loss of their jobs. This approach is characterized by the use of disciplinary reports and threats of suspension, which are aimed at ensuring compliance with his expectations and driving performance.
It's important to note that while coercive power may produce short-term results by instilling fear, it can have negative consequences on employee morale, job satisfaction, and long-term productivity.
An over-reliance on coercive power may create a culture of fear and undermine trust within the team.
Ideally, a more effective leadership approach would involve a combination of different types of power, such as legitimate power (based on authority and position) and reward power (providing incentives and recognition for achieving goals).
These positive forms of power can foster employee engagement, motivation, and a sense of shared purpose, leading to sustained success and higher job satisfaction.
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choose the groups of performance measures typically used in the balanced scorecard approach.
Answers
The groups of performance measures typically used in the balanced scorecard approach is financial, internal company processes, learning and development and customer views are the four categories that make up the balanced scorecard strategy.
Client definition: An individual or company who orders products or services from this other company is known as a customer. Customers are significant since individuals bring in money. Organizations could end
their existence absent them.
Customer service is defined as...
Customer care is the assistance you provide to your clients to make their interactions using company simple plus exciting, both when and when they obtain and utilize your products or services. If you wish to keep clients but instead scale your business, you
must provide exceptional service.
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If GDP (national income) is $6 trillion and aggregate expenditures are $4 trillion, what do we expect to happen to GDP and unemployment in the future
Answers
Based on the information, we can analyze the situation using the Keynesian expenditure-output model, which suggests that GDP is determined by aggregate expenditures. In this model, if aggregate expenditures are less than GDP, it implies a situation of an economic contraction or a recession.
In this case, aggregate expenditures ($4 trillion) are less than GDP ($6 trillion). This indicates that there is a gap between actual output and the potential level of output in the economy. To close this gap and return to equilibrium, it is expected that there will be an increase in aggregate expenditures in the future.
When aggregate expenditures increase, it leads to an increase in demand for goods and services, which, in turn, stimulates production and economic growth. As a result, we can expect GDP to increase in the future if there is a rise in aggregate expenditures.
Regarding unemployment, it is important to note that the relationship between GDP and unemployment is complex and influenced by various factors such as labor market conditions, productivity, and government policies. Generally, when GDP increases and the economy grows, it tends to create more job opportunities and reduce unemployment. However, the extent to which unemployment changes depends on the specific characteristics and dynamics of the labor market.
Therefore, based on the given information, we would expect GDP to increase in the future if aggregate expenditures rise. As for unemployment, while economic growth can contribute to reducing unemployment, the precise impact will depend on additional factors that affect the labor market.
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The way Professor Quinn chose to handle this situation illustrates the difficulty of dealing with ethics violations. Listed as follows are several ways that corporations try to encourage ethical behavior in their employees. Which of these techniques do you see used in this scenario? Check all that apply. -Providing support for whistleblowers -Establishing a code of ethics -Providing ethics training for employees -Referring ethical dilemmas to an ethics committee
Answers
Answer:
Establishing a code of ethicsReferring ethical dilemmas to an ethics committeeExplanation:
Consider, by establishing a code of ethics it allows corporations to prevent their employees from making excuses for any ethical violation. Furthermore, when referring ethical dilemmas to an ethics committee is made available to employees by corporations it allows their employees to easily get the right information about how to behave ethically.
Which sentences identity the investing activities of a cash slow statement?
Tyler Enterprises has achieved remarkable growth in the past five years. Qualified accountants have prepared and analyzed the cash flow statement to
offer financial advice to help safeguard the future of the business. It includes details of the amount of cash flowing into and out of the business. The
statement begins with the amount of revenue that the sales team has brought in. It also involves the corresponding marketing campaign costs incurred
in the promotional exhibition. The profit was declared to the shareholders in the form of dividends. The production team undertook projects that involved
installation of automatic botting machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project. The stakes of
an old division of packing material were sold off in order to concentrate solely on present business. Old investors were issued stocks when their
convertible bonds attained maturity. Some of the old machineries in the production line were sold off as scrap while rest was revamped
Answers
The sentences that identify the investing activities of a cash slow statement are - The production team undertook projects that involved installation of automatic botting machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project. The stakes of an old division of packing material were sold off in order to concentrate solely on present business. Some of the old machineries in the production line were sold off as scrap.
What are investing activities?Investing activities include the acquisition of physical assets, the purchase of securities, and the sale of securities or assets. Cash flow from investing activities includes long-term cash uses.
Negative cash flow from investing activities may not be a bad sign if management is investing in the company's long-term health.
Therefore, the sentences mentioned above identity the investing activities of a cash slow statement.
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Answer:
"The production team undertook projects that involved installation of automatic bottling machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project" and "Some of the old machines in the production were4 sold off as scrap while rest was revamped."
Explanation:
I got it right on plato
Stephenson Limited produces a variety of products for the computing industry. The company’s CEO plans to produce a new product, WiFi router and asked the controller to prepare some information and be ready to meet with him to discuss about it. In preparing for the meeting, the controller accumulated the following data: Selling price of a router $1,250 Direct materials per router $270 Direct labour per router $130 Variable overhead per router $80 Total fixed costs $120,000
Required: a) Calculate the contribution margin per unit, break-even point in units and in sales dollar.
b) Calculate the number of units that must be sold and the amount of sales revenue to earn $300,000 of profit.
c) Calculate the break-even point in units and in sales dollar if the company were to reduce variable costs by $220 per unit by investing in technology resulting in an overall increase of $20,000 in total fixed costs? d) The CEO believes the company can increase sales by 50 units if advertising expense is increased by $31,000 based on the original data. Justify whether the company should increase advertising expenditure.
Answers
a) Contribution Margin per Unit: $770, Break-Even Point in Units: ≈ 155.84, Break-Even Point in Sales Dollars: ≈ $194,800.
b) Number of Units for $300,000 Profit: ≈ 584.42, Sales Revenue for $300,000 Profit: ≈ $730,525.
c) New Contribution Margin per Unit: $1,410, New Break-Even Point in Units: ≈ 94.33, New Break-Even Point in Sales Dollars: ≈ $117,912.50.
d) Additional Sales Revenue: $62,500, Contribution from Additional Sales: $38,500, Additional Advertising Expense: $31,000. Conclusion: Increase in advertising expenditure is justified as it would result in a positive contribution to profit.
a) To calculate the contribution margin per unit, break-even point in units, and break-even point in sales dollars, we need the following information:
Selling price per router: $1,250
Direct materials per router: $270
Direct labor per router: $130
Variable overhead per router: $80
Total fixed costs: $120,000
Contribution Margin per Unit:
Contribution Margin per Unit = Selling Price per Unit - Variable Costs per Unit
Contribution Margin per Unit = $1,250 - ($270 + $130 + $80)
Contribution Margin per Unit = $1,250 - $480
Contribution Margin per Unit = $770
Break-Even Point in Units:
Break-Even Point in Units = Total Fixed Costs / Contribution Margin per Unit
Break-Even Point in Units = $120,000 / $770
Break-Even Point in Units ≈ 155.84
Break-Even Point in Sales Dollars:
Break-Even Point in Sales Dollars = Break-Even Point in Units × Selling Price per Unit
Break-Even Point in Sales Dollars = 155.84 × $1,250
Break-Even Point in Sales Dollars ≈ $194,800
b) To calculate the number of units and sales revenue needed to earn $300,000 of profit, we need to consider the contribution margin per unit and total fixed costs:
Number of Units for $300,000 Profit:
Number of Units = (Total Fixed Costs + Desired Profit) / Contribution Margin per Unit
Number of Units = ($120,000 + $300,000) / $770
Number of Units ≈ 584.42
Sales Revenue for $300,000 Profit:
Sales Revenue = Number of Units × Selling Price per Unit
Sales Revenue = 584.42 × $1,250
Sales Revenue ≈ $730,525
c) If the company reduces variable costs by $220 per unit and incurs an additional $20,000 in total fixed costs, the new calculations would be:
New Contribution Margin per Unit = $1,250 - ($270 - $220 + $130 + $80) = $1,410
New Break-Even Point in Units = ($120,000 + $20,000) / $1,410 ≈ 94.33
New Break-Even Point in Sales Dollars = 94.33 × $1,250 ≈ $117,912.50
d) To determine whether the company should increase advertising expenditure, we need to consider the additional sales generated by the increased advertising and compare it to the additional expense:
Contribution Margin per Unit: $770
Additional Units Sold: 50
Additional Sales Revenue: 50 × $1,250 = $62,500
Contribution from Additional Sales = Additional Units Sold × Contribution Margin per Unit = 50 × $770 = $38,500
Additional Advertising Expense: $31,000
Since the contribution from the additional sales ($38,500) exceeds the additional advertising expense ($31,000), it would be justified for the company to increase advertising expenditure as it would result in a positive contribution to profit.
Please note that these calculations are based on the provided data and assumptions, and actual results may vary.
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Is competition good for business?
Is it good for consumers?
Answers
Answer:
yes and yes
Explanation:
A flower shop uses software to execute transactions that is ten-years old. It is often slow and ineffective. What type of influence is affecting this business?
external
economic
governmental
internal
Answers
Answer:
Internal
Explanation:
The problem is the flower shop’s software. The flower shop needs to update or buy a different up-to-date software like ASAP.
5. What impacts would warehouse consolidation have on inventory carrying costs, customer service levels, and order fill rate?
Answers
The answer is that warehouse consolidation can have significant impacts on inventory carrying costs, customer service levels, and order fill rates.
The impacts of warehouse consolidation on each of these factors can be explored further. Consolidation can lead to a reduction in inventory carrying costs as there are fewer facilities to maintain and less inventory to manage. However, this can also increase the risk of stockouts if inventory is not properly managed.
Customer service levels can also be affected by warehouse consolidation. If the consolidation results in longer delivery times or increased shipping costs, customers may be dissatisfied with their experience. On the other hand, consolidation can also lead to improved customer service levels if it allows for more efficient and streamlined processes.
Finally, order fill rate can be impacted by warehouse consolidation. If inventory is not properly managed, the consolidation could lead to delays in order fulfillment and decreased order fill rate. However, if consolidation allows for better inventory management and more efficient processes, it could actually increase order fill rate.
Overall, the impacts of warehouse consolidation on inventory carrying costs, customer service levels, and order fill rate will depend on the specific circumstances and how well the consolidation is managed.
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19. Which of the following is the basic purpose of a company's promotional mix:
A. To provide all product information
B. To influence consumers to purchase
C. To list the company's products
D. To reduce competitors' sales
Answers
Answer:
B. To influence consumers to purchase
Explanation:
1) Using the case to respond, assess three reasons why several international companies are recruiting (woo-ing) their executives from "Third Country Nationals" TCN’s
Answers
There are several reasons why international companies are recruiting Third Country Nationals (TCNs) for executive positions including cost-effectiveness, cultural knowledge and language proficiency
Cost effectiveness: Often, TCN's are willing to work for lower salaries than their counterparts in the home or host country. This can save the company a significant amount of money in terms of labor costs.Cultural knowledge: TCN's often have a deep understanding of the culture and customs of the host country, which can be invaluable for an international company. This can help the company navigate cultural differences and avoid potential pitfalls.Language proficiency: Many TCN's are multilingual, which can be a huge asset for an international company. Being able to communicate effectively with employees, customers, and other stakeholders in multiple languages is crucial for the success of a global business.Learn more about International companies:
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John Deere Manufacturing Company produces the 9RX tractors with 30- or 36-inch tracks and uses the weighted-average method in its process costing system for the 36-inch tracks. This month, the beginning inventory in the first processing department consisted of 1,855 units. The costs and percentage completion of these units in beginning inventory were: Percent Cost Complete Materials costs $7,818.12 65% Conversion costs $ 82,620.17 30% A total of 18,455 units were started and 17,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost Materials costs $ 192,100 Conversion costs $ 297,181 The ending inventory was 60% complete with respect to materials and 70% complete with respect to conversion costs. 1. What are the equivalent units for materials? Conversion costs A total of 18,455 units were started and 17,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost Materials costs $ 192,100 Conversion costs $ 297,181 The ending inventory was 60% complete with respect to materials and 70% complete with respect to conversion costs. 1. What are the equivalent units for materials? 2. What are the equivalent units for conversion? 3. What is the cost per equivalent units for material? (round to 2 decimals) 4. What is the cost per equivalent unit for conversion? (round to 2 decimals) 5. What is the total cost assigned to the units transfer out? 6. What is the total cost assigned to the units in work-in-process?
Answers
1. Equivalent units for materials: 29,778.75 equivalent units
2. Equivalent units for conversion: 30,975 equivalent units
3. Cost per equivalent unit for materials: $6.45 (rounded to 2 decimals)
4. Cost per equivalent unit for conversion: $9.59 (rounded to 2 decimals)
5. Total cost assigned to units transferred out:$112,875
6. Total cost assigned to units transferred out:$178,413.27
To solve the given questions, we need to calculate the equivalent units for materials and conversion costs, as well as the cost per equivalent unit for each category. Then, we can determine the total cost assigned to units transferred out and units in work-in-process.
1. Equivalent units for materials:
Beginning inventory: 1,855 units * 65% = 1,205.75 equivalent units
Units started and completed: 17,500 units
Ending inventory: 18,455 units * 60% = 11,073 equivalent units
Total equivalent units for materials = Beginning inventory + Units started and completed + Ending inventory
= 1,205.75 + 17,500 + 11,073
= 29,778.75 equivalent units
2. Equivalent units for conversion:
Beginning inventory: 1,855 units * 30% = 556.5 equivalent units
Units started and completed: 17,500 units
Ending inventory: 18,455 units * 70% = 12,918.5 equivalent units
Total equivalent units for conversion = Beginning inventory + Units started and completed + Ending inventory
= 556.5 + 17,500 + 12,918.5
= 30,975 equivalent units
3. Cost per equivalent unit for materials:
Cost of materials = $192,100
Cost per equivalent unit for materials = Cost of materials / Total equivalent units for materials
= $192,100 / 29,778.75
= $6.45 (rounded to 2 decimals)
4. Cost per equivalent unit for conversion:
Cost of conversion = $297,181
Cost per equivalent unit for conversion = Cost of conversion / Total equivalent units for conversion
= $297,181 / 30,975
= $9.59 (rounded to 2 decimals)
5. Total cost assigned to units transferred out:
Units transferred out = 17,500 units
Total cost assigned to units transferred out = Units transferred out * Cost per equivalent unit for materials
= 17,500 * $6.45
= $112,875
6. Total cost assigned to units in work-in-process:
Units in work-in-process = Ending inventory units
Total cost assigned to units in work-in-process = Units in work-in-process * (Cost per equivalent unit for materials + Cost per equivalent unit for conversion)
= 11,073 * ($6.45 + $9.59)
= $178,413.27
Therefore, the total cost assigned to the units transferred out is $112,875, and the total cost assigned to the units in work-in-process is $178,413.27.
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with respect to the national saving and investment identity for any country, the quantity of _______________ at any given time by savings must ________________ for purposes of making investments.
Answers
With respect to the national saving and investment identity for any country, the quantity of foreign aid supplied at any given time by savings must be lower than the quantity of domestic aid demanded for purposes of making investments.
The foreign aid supplied can be referred to as export while the domestic aid demanded is referred to as the Import. Any nation which takes its economy very serious will always ensure that the Export is more than the Import.
This is to ensure that the nation is able to save and invest as a result of the high gross domestic product it possesses as a result of its sales of goods and services being more than its spending.
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Given that bearclaws chooses the profit-maximizing price and quantity, what profit level will it obtain? a. $980. B. $490. C. $700. D. $280
Answers
Given that bearclaws chooses the profit-maximizing price and quantity, yhe profit level will it obtain is D. $280
How to calculate the amountA monopoly maximizes its profit at the quantity where marginal revenue (MR) = marginal cost (MC). As shown in the diagram, the MR curve intersects the MC curve at Q* = 70. The total revenue is calculated as follows: TR = P × Q. At Q* = 70, the price that Bearclaws can charge is P = $14.
Hence, the total revenue at the quantity where Bearclaw maximizes profit is given by: TR = 14 × 70
= $980.
The total cost is calculated as follows: TC = ATC × Q. At Q* = 70, we can see on the diagram that it is where average total cost (ATC) = $10 (draw a straight line from ATC curve at Q = 70 to the P axis to see this value). Hence, the total cost at the quantity where Bearclaw maximizes profit is given by: TC = 10 × 70 = $700.
The profit is calculated as follows:
Profit = TR - TC = 980 - 700
= $280.
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Blossom Co. Began operations on January 2, 2020. It employs 15 people who work 8-hour days. Each employee earns 10 paid vacation days annually. Vacation days may be taken after January 10 of the year following the year in which they are earned. The average hourly wage rate was $20 in 2020 and $21. 50 in 2021. The average vacation days used by each employee in 2021 was 9. Blossom Co. Accrues the cost of compensated absences at rates of pay in effect when earned.
Required:
Prepare journal entries to record the transactions related to paid vacation days during 2020 and 2021
Answers
The journal entries to record the transactions related to paid vacation days during 2017 and 2018 is: Debit Wages expense $28,800; Credit Vacation wages payable $28,800.
How to write journal entries?
Journal entries:
1. 2017
Debit Wages expense $28,800
Credit Vacation wages payable $28,800
( 15 × 8 hours × 10 days × 24)
2. 2018
Debit Wages expense $1,620
Debit Vacation wages payable $25,920
(15 × 8 hours × 9 days × 24)
Credit Cash $27,540
(15 × 8 hours × 9 days × 25.50)
3. 2018
Debit Wages expense $30,600
Credit Vacation wages payable $30,600
( 15 × 8 hours × 10 days × 25.50)
Inconclusion the journal entries to record the transactions related to paid vacation days during 2017 and 2018 is: Debit Wages expense $28,800; Credit Vacation wages payable $28,800.
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technological advances allow smaller companies to compete with larger companies. group of answer choices true false
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True, Technological advances allow smaller companies to compete with larger companies.
What is company?
A company is a legal entity created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate law of its jurisdiction, a company may be set up in a variety of ways for tax and financial liability reasons. The type of business structure a company chooses, such as a partnership, sole proprietorship, or corporation, will typically depend on the industry it operates in. The ownership structure of the business is also indicated by these structures. Additionally, they can tell private from public companies. Both have different ownership arrangements, laws, and rules regarding financial reporting.
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What are the three accounting equations?
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The three accounting equations are:
1. Assets = Liabilities + Equity
2. Net Income = Revenue - Expenses
3. Cash Flow = Cash Inflows - Cash Outflows
These equations are used to accurately represent a company's financial position and performance. They are essential for financial reporting and decision making in the accounting process. In simpler terms, this equation states that the total assets of a company are equal to the total of its liabilities and equity. Assets are things of value that a company owns, such as cash, equipment, and property.
Liabilities are what a company owes to others, such as loans or unpaid bills. Equity is the amount of money invested in the company by its owners, plus any profits earned and retained. The accounting equation is used to maintain accurate records of a company's financial transactions and to help ensure that its financial statements are accurate and complete.
It is the foundation of double-entry bookkeeping, which is a system that requires every financial transaction to be recorded twice - once as a debit and once as a credit - to ensure that the accounting equation remains in balance.
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wagner excavating organized as a corporation on january 18 and engaged in the following transactions during its first two weeks of operation. jan. 18 issued capital stock in exchange for $400,000 cash.jan. 22 borrowed $100,000 from its bank by issuing a note payable.jan. 23 paid $200 for a radio advertisement aired on january 24.jan. 25 provided $5,000 of services to clients for cash.jan. 26 provided $18,000 of services to clients on account.jan. 31 collected $4,200 cash from clients for the services provided on january 26. a. record each of these transactions.b. determine the balance in the cash account on january 31. be certain to state whether the balance is debit or credit.
Answers
Transactions: Jan. 18: Capital Stock (Equity) +$400,000, Cash (Asset) +$400,000 Jan. 22: Cash (Asset) +$100,000, Note Payable (Liability) +$100,000
Jan. 23: Advertising Expense (Expense) +$200, Cash (Asset) -$200 Jan. 25: Cash (Asset) +$5,000, Service Revenue (Revenue) +$5,000 Jan. 26: Accounts Receivable (Asset) +$18,000, Service Revenue (Revenue) +$18,000 Jan. 31: Cash (Asset) +$4,200, Accounts Receivable (Asset) -$4,200 The balance in the cash account on January 31 is $400,600 (credit balance). a. Recording the transactions: On January 18, the issuance of capital stock increases equity (capital stock) by $400,000, and the corresponding asset (cash) also increases by $400,000. On January 22, borrowing $100,000 from the bank results in an increase in cash by $100,000 and the creation of a note payable liability for the same amount. On January 23, paying $200 for a radio advertisement represents an expense (advertising expense) and reduces cash by $200.
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Has anyone here ever witnessed an aurora borealis? Our tour guide asked. Write correctly
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"Has anyone here ever witnessed an aurora borealis?" our tour guide asked.
The original sentence is a question and is grammatically correct. The sentence starts with the auxiliary verb "has" in present perfect tense, followed by the subject "anyone", the adverb "here", and the main verb "witnessed". The sentence ends with a noun phrase "an aurora borealis", which refers to a natural phenomenon that occurs in the polar regions. The sentence is written in indirect speech, where the tour guide is asking if anyone in the group has seen an aurora borealis before. The sentence structure is appropriate for the context of a guided tour, where the guide is trying to initiate a conversation and engage the audience.
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