Answer:
(a) 93.85 batches of heating elements are produced annually
(b) 1725
(c) 863
(d) Yes
Explanation:
(a) Daily production rate is 860 units
Annual (251 days) production rate is = 251×860 = 215860 units
In a batch, 2300 units are produced
215860 units are produced in (215860 ÷ 2300) = 93.85 batches
(b) In 251 days, 93.85 batches are produced
In 2 days, (93.85×2)÷251 is produced = 0.75 batch
1 batch = 2300 units
0.75 batch = 0.75×2300=1725 units
(c) 0.75 batch is produced in 2days
1 batch is produced in 2/0.75days
Average= (2300×0.75)÷2= 863
The company produces approximately 93.85 batches of heating elements annually, has an inventory of 1,060 units two days after production, and maintains an average inventory of 1,150 units. Furthermore, there is enough time to produce other products between batches of heating element production.
To solve this problem, we first need to understand the company's production and consumption rates of the heating elements for their hair dryers.
a. The company produces elements at a rate of 860 per day and runs 251 days per year. Thus, they produce around 215,860 elements annually. As they produce elements in batches of 2,300, the number of batches produced annually will be 215,860 divided by 2,300, which is approximately 93.85. So, the company produces about 93.85 batches of heating elements annually.
b. Two days after the production of a batch, the company will have produced 2 * 860 = 1,720 elements but used 2 * 330 = 660, thus having an inventory of 1,060 units.
c. To calculate the average inventory, we take the sum of the maximum and minimum inventory (2,300 and 0, respectively) and divide by 2, leading to an average inventory of 1,150 units.
d. The time between production of batches of heating elements is the total quantity in a batch divided by the net increase per day (860-330). This equals 2,300/(860-330) approximately 4.8 days. Given that the other product takes 3 days to make, including setup, there is enough time to produce it between batches of heating elements.
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Answer:
Payroll = $95,000,
Indirect labor = $25000
Direct labor paid = $95000 - $25000 = $70000
∵ predetermined overhead application rate is 170 % of direct labor cost
Overhead applied to work in process = 70000 × 170 %
= $119,000
Journal entry:
Debit ⇒ Work in process = $1190000
Credit ⇒ Factory Overheads = $119000
To record the application of factory overhead to production, you first calculate the direct labor cost, then multiply by the predetermined overhead rate. The journal entry is a debit to Work in Process and a credit to Factory Overhead for this calculated amount.
The Portside Watercraft company is using a job order costing system and a predetermined overhead rate based on direct labor cost. In this case, to record the application of factory overhead to production, you would first calculate the factory overhead applied by multiplying the direct labor cost (total labor cost minus indirect labor cost) by the predetermined rate.
The direct labor cost would be calculated by subtraction: $95,000 (total factory payroll) - $25,000 (indirect labor) = $70,000. Then multiply $70,000 by 170% (the predetermined overhead rate) to get $119,000. The journal entry would then be a debit to Work in Process for $119,000 and a credit to Factory Overhead for $119,000.
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Answer:
11.15%
Explanation:
Given that
Risk free rate of return= 5%
Beta = 1.69
Expected rate of return = 15.4%
As per capital asset pricing model
Expected rate of return = Risk free rate of return + Beta × (Market rate of return - risk free rate of return)
15.4% = 5% + 1.69 × (Market rate of return - 5%)
After solving this
Market rate of return = 11.15%
Answer:
$323,500 shares
Explanation:
A stock split is a practice carried out by a company where stocks are split into multiples of its existing shares to boost liquidity.
There is no actual increase in the value of the shares, just an increase in the number. For example if a shareholder has 100 share and there is a 3-1 split, the shareholder will now have 3 shares for every one held before.
In this scenario total outstanding shares was 64,700 shares. The company offers a 5 for 1 stock split. Each share is now five, so new outstanding shares is 64,700 * 5= 323,500 shares
Answer:
77,640 shares
Explanation:
Stock split occur when new shares of a company are issued to existing shareholders in proportion to their current holdings.
The share outstanding after the stock split is the addition of the existing shares and the new share issued. For this question, this can be calculated as follows:
New shares to be issued = 64,700 ÷ 5 = 12,940
Number of outstanding shares after stock split = 64,700 + 12,940 = 77,640 shares
Answer:
The correct answer is the option B: magazines.
Explanation:
To begin with, in the case where the manager is looking for an advertising that has the characteristics of being medium and that worked for segmented audiences, with prestige and long shelf life then the correct option will be to choose a magazine that properly accomplish with the particularities of the case. The magazine will be targeted to one audience to the fact that it can not include all the topics that are in trend nowadays. Moreover, the magazine will also be of prestige in the case where it has several years in the industry and its name means something in the market. Therefore that a magazine will accomplish with all the characteristics that the advertiser is looking for.
Demand of ice-cream must increase in the summer.
There is no free lunch.
One must give up something in order to obtain something else.
Answer:
D
Explanation:
A trade-off occurs when we make a choice that benefits us, but to acquire that benefit, we also have to give up something of value. Further explore the definition of trade-offs in economics, understand the concepts of opportunity costs and sacrifices, and recognize the importance of making trade-offs in a strategic manner that uses resources wisely.
Answer: It is Voidable
Explanation:
Samuel took advantage of his fiduciary responsibility is taking care of Juan to unfairly influence him to sell him a piece of land at a price 35% below market price. Juan as an old man who is TOTALLY dependant on Samuel, felt he had no choice but to agree as failure to do so will lead to Samuel no longer taking care of him and this could be quite disadvantageous to him.
There was UNDUE INFLUENCE and Coercion in this scenario which means Voluntary consent was lacking.
For this reason, the contract can be voided.