Sherene Nili manages a company that produces wedding gowns. She produces both a custom product that is made to order and a standard product that is sold in bridal salons. Her accountant prepared the following forecasted income statement for March, which is a busy month:


Custom Dresses Standard Dresses Total
Number of dresses 10 20 30
Sales revenue $45,000 $25,000 $70,000
Materials $9,000 $7,000 $16,000
Labor 19,000 8,000 27,000
Machine depreciation 500 200 700
Rent 3,200 1,800 5,000
Heat and light 1,200 800 2,000
Other production costs 1,800
Marketing and administration 6,700
Total costs $59,200
Operating profit $10,800


Ms. Nili already has orders for the 10 custom dresses reflected in the March forecasted income statement. The depreciation charges are for machines used in the respective product lines. Machines depreciate at the rate of $1 per hour based on hours used, so these are variable costs. In March, cutting and sewing machines are expected to operate for 700 hours, of which 500 hours will be used to make custom dresses. The rent is for the building space, which has been leased for several years at $5,000 per month. The rent, heat, and light are allocated to the product lines based on the amount of floor space occupied.

A valued customer, who is a wedding consultant, has asked Ms. Nili for a special favor. This customer has a client who wants to get married in early April. Ms. Nili's company is working at capacity and would have to give up some other business to make this dress. She can't renege on custom orders already agreed to, but she can reduce the number of standard dresses produced in March to 10. Ms. Nili would lose permanently the opportunity to make up the lost production of standard dresses because she has no unused capacity for the foreseeable future. The customer is willing to pay $21,400 for the special order. Materials and labor for the order will cost $5,000 and $9,000, respectively. The special order would require 90 hours of machine time. Ms. Nili's company would save 100 hours of machine time from the standard dress business given up. Rent, heat and light, and other production costs would not be affected by the special order.

Required:
a. Calculate the differential operating profit (loss). include with special order, without the special order, difference and impact.
b. From an operating profit perspective for March, should Ms. Nili accept the order?
c. What is the minimum price Ms. Nili should accept to take the special order?

Answer:

The correct answer is letter "B": Epicurus.

Explanation:

Greek philosopher Epicurus (341 b.C. - 270 a.C.) was immortalized in the Latin poem "On the nature of things" -Lucrecio- in which Epicurus is attributed that the object of wisdom is to suppress the obstacles that oppose to happiness. This does not imply the pursue of unbridled pleasure, but of a measured lifestyle in which the spirit can enjoy friendship and the cultivation of knowledge.

Explanation:

Based on the given statement, Carol Bates is very much interested in grabbing the latest gadgets. It means that,

All the above qualities describes that Carol Bates is innovative.

Answer:

Manufacturing cost= $29 per unit

Explanation:

Giving the following information:

Market research indicates that these headphones would sell well in the market priced at $34.80 each. Domingo desires an operating profit of 20 percent of costs.

To calculate the cost we need to use the following formula:

manufacturing cost= selling price/ (1 + mark up) = 34.8/1.20= $29

The highest acceptable manufacturing cost for Domingo Corporation to produce wireless headphones is $29.00.

To determine the highest acceptable manufacturing cost for the wireless headphones, we need to calculate the target cost. The operating profit desired by Domingo is 20% of the costs. So, we can calculate the target cost as follows:

Target cost = Desired profit / Percentage of profit

In this case, the desired profit is 20% of the cost, and the cost is the manufacturing cost. Let's calculate:

Target cost = ($34.80 / 1.2)

Target cost = $29.00

Therefore, the highest acceptable manufacturing cost for which Domingo would be willing to produce the headphones is $29.00.

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Answer:

The correct answer is letter "B": Times Interest Earned Ratio.

Explanation:

Times Interest Earned (TIE) ratio or the coverage ratio tests the capacity of a company to pay off its debts. TIE is calculated by dividing the company's earnings before interest and taxes by the interest that is payable on its debts. A low ratio means the company struggles to pay its debt, and if it fails to meet its obligations, it may face bankruptcy. A high ratio means that an organization can cover its expenses.

Answer:

40%

Explanation:

Given that,

Carlin Company has;

Total assets = $1,000,000

Liabilities = $400,000

Equity = $600,000

Total debt = $400,000

Therefore,

Debt ratio = Total debt ÷ Total assets

                 = $400,000 ÷ $1,000,000

                 = 0.4 or 40 percent

Hence, the debt ratio of Carlin Company is 40 percent.

This means that 40% of its total assets are financed by debt, while the remaining 60% is financed by equity.

The debt ratio is a measure of the proportion of a company's assets that are financed by debt (liabilities).

It is calculated as:

Debt Ratio = (Total Liabilities / Total Assets) * 100%

In this case, Carlin Company has:

- Total Assets = $1,000,000

- Liabilities = $400,000

Now, let's calculate the debt ratio:

Debt Ratio = ($400,000 / $1,000,000) * 100%

Debt Ratio = (0.4) * 100%

Debt Ratio = 40%

So, Carlin Company's debt ratio is 40%.

For similar questions on total assets

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Answer: D. Moral relativism

Explanation: The theory of moral relativism helps resolves issues bordering on truth and falsehood. It states that the truth or falsity of moral judgments, or their justification, is not absolute or universal, but is relative to the traditions, convictions, or practices of a group of persons concerned. With respect to justification, it says that judgment may be justified in one society but not in another. Here, no standpoint is uniquely privileged over all others, Pratt's, the investors or parents as the case may be.

The plans that must be involved are the strategic planning, the mid level, the low level, the operational planning, the top level planning.

Explanation:

In the strategic planning the company's stakeholders will ask them were they want their company to be in five years

The middle level staff will decide to focus in recruiting the new clients and to increase the productivity and they will find the way to give back to the company

Being a low level employee it is necessary that one must interact with the customers and contribute to the company's performance

In the operational planning it will be difficult to manage the customers  meet their day to day needs and satisfy them

A meeting will be held with the top level staff and hence they will be coming up with the new tools of the operational planning

Answer:

he need to invest $13,241 each year to achieve his goal

Explanation:

Target Saving Amount = Future value = F = $1,500,000

Number of years = n = 30 years

Inyterest rate = r = 8% = 0.08

Invetment to be made = P = ?

Use following formula to calculate Invetment amount

F = P x ([1 + r]^n - 1 )/r

P = F / ([1 + r]^n - 1 )/r

P = 1,500,000 / ([1 + 0.08]^30 - 1 )/0.08

P = 1,500,000 / 113.2832

P = 13241.15

Answer:

Operating Cash flow 72,784

Explanation:

sales                              177,000

cost                               (89,000)

depreciation                (24,600)  

income before taxes     63,400

income tax expense

63,400 x24%                (15,216)    

Net income                     48,184

1)

net income + non monetary term (depreciation)

48,184 + 24,600 = 72,784

2) direct method

collected from customer 177,000

payment to supplier        (89,000)

tax paid                             (15,216)

cash flow                           72.784‬

3)  EBIT + depreciation - taxes

63,400 -15,216 + 24,600 = 72.784‬

Answer:

Q1 rises quantity of clam chowder demanded as there will be more demand from complement goods for Oyster crackers as theri price decreases it.

Q2 rises the quantity the demand for oyster crackers as more persons will find a consumer surplus at a lower price therefore, more quantity.

Q3 demand for wheat flour increases as they are an input in the processing of Oyster crackers.

Q4: increase as the demand increases without an increase in supply which,

Q5 increase input prices of bread making decreases it resulting in:

Q6: rise of the price of bread making people

Q7 subtitute with cereal thus,

Q8 increasing the demand for cerals.

Explanation:

Answer:

c. demand decreases and supply increases

Explanation:

Equilibrium level of output refers to that level of output at which demand equals supply.

If demand decreases, the demand curve will experience a leftward shift. When supply increases, the supply curve shifts to the right. This results into suppliers supplying more and customers demanding lesser.

This will lead to a decrease in equilibrium price but in such a case, the effect on equilibrium quantity cannot be determined i.e the output would be indeterminate.

When both demand and supply increase, the effect on equilibrium output is considered indeterminate due to multiple possible outcomes. It can stay the same, increase, or decrease depending on whether the increase in demand is equal to, is greater than, or falls short of the increase in supply. The elasticity of demand can also play a role.

The subject matter is concerned with the effect on equilibrium output when there is a shift in both demand and supply. Among the provided options, the effect on equilibrium output would be indeterminate in case 'a', where both demand and supply increase. The reason is as follows:

Because of multiple possible outcomes, the effect on the equilibrium output is said to be indeterminate in this scenario. It's also important to note that elasticity of demand can also influence the change in equilibrium price and quantity.

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Answer:

Year end Closing journal Entries:

                                           Dr.                    Cr.

1.

Sales revenue               $880,000

Income Summary                                  $880,000

2.

Income Summary          $808,000

Cost of goods sold                               $580,000

Salaries expense                                  $155,000

Rent expense                                       $49,000

Interest expense                                  $24,000

Retained earning is an equity account and it is also a permanent account which will not close.

Answer:

$52,238.26

Explanation:

Since he is going to withdraw annually starting today over the next four years, the formula to use to calculate how much to withdraw a year is the formula for annuity due.

Basically, annuity refers to financial investment that pays investors a fixed stream of amount for a specified period. It of two types: ordinary annuity that pays at the end of the period, and annuity due that pays at beginning of the period.

Since our focus here is annuity due, we employ the following annuity due formula:

PV = P × [{1 - [1 ÷ (1+r)]^n} ÷ r] × (1+r)  ....................................... (1)

Where

A

PV = Present value of an annuity due = $200,000

P = yearly withdrawal  = ?

r = interest rate  = 3% = 0.03

n = number of years = 4

Therefore, we have:

200,000 = P × [{1 - [1 ÷ (1+0.03)]^4} ÷ 0.03] × (1+0.03)

200,000 = P × [{1 - [1 ÷ (1.03)]^4} ÷ 0.03] × (1.03)

200,000 = P × [{1 - [1 ÷ 1.12550881]} ÷ 0.03] × (1.03)

200,000 = P × [{1 - 0.888487047915689} ÷ 0.03] × (1.03)

200,000 = P × [0.111512952084311 ÷ 0.03] × (1.03)

200,000 = P × 3.71709840281037 × 1.03

200,000 = P × 3.82861135489468  

Rearranging, we have:

P = 200,000 ÷ 3.82861135489468

P =  52,238.26  

Therefore, $52,238.26 can be withdrawn a year.

Answer:

The answer is laissez-faire leadership style

Explanation:

In laissez-faire leadership style the leader gives authority to employees, subordinates are allowed to work as they choose with a minimum interference. Communication flows horizontally in a firm that uses this leadership style.

Answer:

The statement is: True.

Explanation:

A company has a vertical integration in its supply chain when all the steps involved from the production until the delivery of the final goods to suppliers or customers are handled by the same firm. The supply chain is methodically arranged in a series of steps where one follows the next one adding value.

Answer:

The answer is B. Out of labor force.

Explanation:

Answer:

correct option is e. -$100,000

Explanation:

given data

purchase time period = 5 year

property purchased = $250,000

current market value = $100,000

solution

we know property is 5 year old so here salvage value of  building that would be realized when there is not engaged in any new project that shall be taken as a opportunity cost

so that  it will be taken as here cash outflows

so correct option is e. -$100,000

Answer:

Option (c) is correct.

Explanation:

Given that,

Variable production costs = $52 per unit

selling and admin. expenses = $18 per unit sold

Fixed production costs = $240,000

Fixed selling and admin. expenses = $180,000

Units produced = 12,000

Units sold = 7,000

Therefore,

Cost of ending inventory:

= (Units produced - Units sold) × Variable production costs per unit

= (12,000 - 7,000) × $52

= 5,000 × $52

= $260,000

The cost of ending inventory for Sanders using the variable costing method is $260,000.

The cost of ending inventory for Sanders using the variable costing method can be calculated by multiplying the number of units in ending inventory by the variable production cost per unit. In this case, the number of units in ending inventory would be the difference between the units produced and the units sold, which is 12,000 - 7,000 = 5,000 units. The variable production cost per unit is $52. Therefore, the cost of ending inventory would be 5,000 units x $52 per unit = $260,000.

Answer:

b. As income increases, the quantity demanded of food decrease

Explanation:

food weights for individuals whose income is sufficient enought to keep them healty and feed will not increase their food consumption much else. That's because, their already have it covered and want to saisfy new needs

The demand for food is only high at low levels of income.

Answer:

The correct answer is letter "B": 80 Percent Rule.

Explanation:

The Pareto Principle -also known as the 80-20 rule- states that 80% of the results are attributable to 20% of the causes. It is a guide that helps people to focus their efforts on the 20% that is important knowing the other 80% is of minor consequence. The Pareto Principle was developed by 20th-century business scholar Joseph Juran (1904-2008) who named the rule after Italian economist Vilfredo Pareto.

Answer:

Henderson  = $1,200

Central States = $1,000

Based on the calculations, Central States Railroad is better at a lower cost than Henderson

Explanation:

The question is to do an evaluation of the costs of use Henderson Bulk Trucking Company or the Central States Railroad

Step 1) Determine the cost of using Henderson

What is the cost per tank  truck = $600

What is the capacity in gallons = 700 galloons

However, since XYZ Chemical needs to ship 9,600 gallons, it means it will make use of 2 trucks from Henderson as follows

The cost of Henderson Bulk Trucking = $600 x 2 = $1,200

Step 2) Determine the cost of using Central Railroad

What is the cost per tank  truck = $1000

What is the capacity in gallons = 23,500 galloons

since XYZ Chemical needs to ship 9,600 gallons, it means it will make use of only one of the trucks

The cost of Central Roilroad= $1000 x 1 = $1,000

Based on the calculations, Central States Railroad is better at a lower cost than Henderson

XYZ Chemical Company would need two Henderson tank trucks for a total cost of $1,200, or a single tank car from Central States for a cost of $1,000. Thus, the cheaper alternative would be to transport the 9,500 gallons of pesticide via Central States Railroad. However, other factors such as delivery schedules, reliability, and environmental impact should also be considered.

The first step to finding the cost of each alternative is to find out how many tank trucks or tank cars are required to ship the 9,500 gallons of pesticide. Given that Henderson tanks can carry a maximum of 7,000 gallons, this means that XYZ would need to utilize 2 Henderson tank trucks (7,000 gallons for the first truck and the remaining 2,500 gallons for the second truck).

Since Henderson charges $600 per tank truck, the cost equates to: 2 trucks * $600/truck = $1,200.

On the other hand, with Central States, given that each tank car can hold up to 23,500 gallons, XYZ only needs one tank car to transport the 9,500 gallons. Since Central State charges $1,000 per tank car, the total cost amounts to $1,000.

Therefore, the cheaper alternative would be to use Central States Railroad. However, the choice might depend on other factors as well, such as the reliability of the two carriers, their delivery schedules, and the environmental impact of both transport modes.

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Answer:

When initially converting the dollars to Danish Kroner you will receive;

DKK 5,333.33

Explanation:

The bid price can be defined as the price that buyers are willing to pay for a currency while the ask price is the price that sellers are willing to take for it. In our case;

The bank's bid rate for the Danish Kroner=$0.1875

1 Danish Kroner=$0.1875

This means to convert $1,000 to Danish Kroner, you are selling the Us dollar and buying the Danish Kroner. To buy the Danish Kroner we use the bid rate of $0.1875

Therefor $1,000=(1,000/0.1875)=DKK 5,333.33

But immediately after conversion, you get an emergency that needs your to change your currency back to dollars as follows;

We will utilize the bank's ask rate, for example

1 Danish Kroner=$0.1895

Therefor DKK 5,333.33=(5,333.33×0.1895)=$1,010.67

When initially converting the dollars to Danish Kroner you will receive  

DKK 5,333.33

Answer:

(D) Specialize in producing something that it is relatively good at producing.

Explanation:

When a country specialises in production of a good it is relatively good at producing, its citizens will not find it difficult to manufacture the good for local consumption and export.

If the country needs product it is not good at producing it imports it from other countries that have a competitive advantage in producing it.

This will produce maximum material comfort for its citizens.

It is clear that to produce the maximum material comfort for its citizens, a nation needs to Specialize in producing something that it is relatively good at producing. The correct answer is option D.

Economic theory suggests that nations should focus on specializing in the production of goods and services where they have a comparative advantage. This means producing items that they can produce more efficiently and at a lower opportunity cost compared to other countries. Specialization allows nations to maximize their productivity and engage in trade with other nations to obtain goods and services that they are less efficient at producing.

By specializing, a nation can enhance its overall economic efficiency, increase the wealth of its citizens, and improve material comfort through the gains from trade. This approach leverages the strengths of each nation, leading to a more prosperous and interconnected global economy.

Answer: Lifestyle segmentation

Explanation: Because Harley Davidson seeks to attract a particular group of consumers, those who either bike, love the idea of the open road and freedom or those who do buy the HD logo apparel and accessories, Harley Davidson is employing the lifestyle segmentation type. This type of segmentation is one wherein consumers are grouped into sub-groups that are made from data pertaining to each customer as regards their lifestyle. Lifestyle segmentation is employed in the planning of products or services to be better suited to the lifestyle of customers in a bid to increase market share.

A person's lifestyle is a collection of their attitudes, values, interests, opinions etc. Lifestyle segmentation aims to establish relationships between products and services offered and targeted lifestyle groups.

Harley Davidson uses psychographic segmentation to market its merchandise to both bikers and individuals drawn to the motorcycle culture.

Harley Davidson is using psychographic segmentation as the scheme for market segmentation. This type of segmentation focuses on the lifestyle, interests, and activities of consumers. It targets not only those who are already bikers but also those who are attracted to the motorcycle culture and the sense of freedom and adventure it represents. By selling merchandise such as HD logo apparel and accessories, Harley Davidson appeals to a broader market that includes individuals who aspire to be part of this lifestyle, even if they do not own a Harley Davidson motorcycle.

Answer:

The correct answer is letter "A": Oracle.

Explanation:

Dynamic-complex organizations are those with diverse operations that are constantly changing because of the rapid development of their industry. Firms that fall into this category are mainly technological which products tend to have a short life cycle.

Thus, American cloud-solutions company Oracle can be described as one having dynamic-complex processes.

Vidalia's total liabilities on December 31 of the current year is calculated by determining its total equity and then substituting this into the assets equals liabilities plus equity equation. The final total liabilities for the Vidalia Company is $72,500.

To determine Vidalia Company's total liabilities at the end of the current year, we refer to the basic accounting equation: Assets = Liabilities + Equity.

First, we need to calculate Vidalia's equity at the end of the year. It had a beginning retained earnings of $95,000. Given the revenue is $250,000 and expenses are $225,000, the company's net income for the year is $25,000 ($250,000 - $225,000).

Subtracting the dividends of $11,000 from the sum of the beginning retained earnings and net income yields the ending retained earnings: $95,000 + $25,000 - $11,000 = $109,000.

Combining this with the contributed capital of $56,000 gives us the total equity: $109,000 + $56,000 = $165,000.

Finally, substituting the values into the accounting equation, we get:

$237,500 (Assets) = Liabilities + $165,000 (Equity)

Which gives us, Liabilities = $237,500 - $165,000 = $72,500.

So, Vidalia's total liabilities on December 31 of the current year are $72,500.

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Final answer:

To calculate the income and payroll taxes for the January 2016 pay period, we need to consider the tax rates and deductions provided. The income taxes are $152,500 and the payroll taxes are $68,070. We can record the journal entries for the salaries and payroll tax expenses.

Explanation:

To calculate the income and payroll taxes for the January 2016 pay period, we need to consider the various tax rates and deductions provided. The salaries for the pay period are $500,000. The federal income taxes to be withheld are $100,000. The federal unemployment tax rate is 0.60%, state unemployment tax rate is 5.40%, social security tax rate is 6.20%, and medicare tax rate is 1.45%.

To calculate the income taxes, we multiply the gross salary by the federal income tax rate: $500,000 * 0.305 = $152,500.

To calculate the payroll taxes, we multiply the gross salary by each respective tax rate: federal unemployment tax: $500,000 * 0.006 = $3,000, state unemployment tax: ($500,000 - $3,000) * 0.054 = $26,820, social security tax: $500,000 * 0.062 = $31,000, medicare tax: $500,000 * 0.0145 = $7,250.

To record the journal entries, we will debit Salaries expense for $500,000 and credit Salaries payable for $500,000. We will also debit Payroll tax expense for $68,070 ($3,000 + $26,820 + $31,000 + $7,250) and credit Payroll taxes payable for $68,070.

Answer:

Find the balance sheet in attached excel file

Explanation:

Please note that the workings is before the final figures placed in respective columns.

The question is about generating a classified balance sheet for Vosburgh Electronics Corporation. The sheet lists assets, liabilities, and shareholder's equity into categories including current and long-term assets, current and long-term liabilities and shareholder's equity. Each category is calculated using the information provided.

This question is about generating a classified balance sheet for the Vosburgh Electronics Corporation. A
classified balance sheet categorizes the company's assets, liabilities, and shareholder's equity into subcategories for easy understanding and comparison.

A classified balance sheet for Vosburgh would look like following:

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Answer:

the AMT is 115, 300

Explanation:

The question is to determine the Alternate Minimum Tax (AMT). This represents a type of tax that is undertaken on estates, trusts, individuals and corporations by the Federal government of the United States. It works such that some items of tax preference are summed back to increase the amount of gross income.

The calculation is as follows:

Description                                                                   Amount ($)

Otto and Monica's Adjusted Gross income                80,300

Add back: Depreciation in excess on real estate       67,500

This becomes the Minimum Income taxable             147,800

Subtract the following as deductions

Interest expense on mortgage                                     (25,000)

Charitable contributions                                                 (7,500)

The AMT is                                                                    115, 300

Otto and Monica's alternative minimum taxable income (AMTI) is calculated by adding back the excess depreciation on real estate to their taxable income and then subtracting their total itemized deductions, resulting in an AMTI of $74,800 for the current tax year.

The student asks how to determine the alternative minimum taxable income (AMTI) for Otto and Monica, based on their given financial information. To calculate the AMTI, we must first add back the excess depreciation on real estate to their taxable income and then make necessary adjustments based on allowable itemized deductions.

Starting with their taxable income of $39,800, we add the excess depreciation on real estate of $67,500 to get a subtotal. Since their total itemized deductions (mortgage interest and charitable contributions) amount to $32,500, the AMTI can be calculated by summing the taxable income and the depreciation, then subtracting the itemized deductions as follows:

Taxable Income: $39,800

Add: Excess Depreciation on Real Estate: $67,500

Subtotal: $107,300

Less: Total Itemized Deductions (Mortgage Interest $25,000 + Charitable Contributions $7,500): $32,500

AMTI: Subtotal - Total Itemized Deductions

AMTI: $107,300 - $32,500 = $74,800

Hence, Otto and Monica's AMTI for the current tax year is $74,800.

Answer:

increase worker productivity.

Explanation:

The OECD defines human capital as “the knowledge, skills, competencies and other attributes embodied in individuals or groups of individuals acquired during their life and used to produce goods, services or ideas in market circumstances”.

If the skills ,knowledge and competences of labour increases, it should lead to an increase in labour productivity.

I hope my answer helps you