A Canadian apple farmer buys fertilizer from a U.S. based firm located near the Canadian border. The apple farmer receives a guarantee of payment from a Canadian bank and sells the guarantee in the secondary market. The risk of the banker’s acceptance depends most likely on the:a. Apple farmer.
b. U.S. fertilizer firm.
c. Canadian bank.
d. Apple market

Answers

Answer 1

Answer:

Answer:

Explanation:

Related Questions

The following information relates to year-end adjusting entries as of December 31, 2021. Depreciation of the mountain bikes purchased on July 8 and kayaks purchased on August 4 totals $6,660. Six months’ of the one-year insurance policy purchased on July 1 has expired. Four months of the one-year rental agreement purchased on September 1 has expired. Of the $1,000 of office supplies purchased on July 4, $300 remains. Interest expense on the $44,000 loan obtained from the city council on August 1 should be recorded. Of the $2,100 of racing supplies purchased on December 12, $110 remains. Suzie calculates that the company owes $13,900 in income taxes.
It costs $1,200 to produce 50 pounds of a chemical and it costs $2,200 to produce 150 pounds. The chemical sells for $15 per pound x is the amount of chemical; y is in dollars. a. Find the cost function. b. What is the fixed cost? c. How many pounds must be sold to break even? d. Find the cost and revenue at the break-even point.
Dimitry formats his memo so the four heading elements are positioned to the left of the page. This is an example of the design principle of_________-
Galvanized Products is considering a new computer system for their enterprise data management system. The vendor has quoted a purchase price of $100,000. Galvanized Products is planning to borrow one-fourth of the purchase price from a bank at 15 percent compounded annually. The loan is to be repaid using equall annual payments over a 3-year period. The computer system is expected to last 5 years and has a salvage value of $5,000 at that time. Over the 5-year period, Galvanized Products expects to pay a technician $25,000 per year to maintain the system but will save $55,000 per year through increased effciencies. Galvanized Products uses a MARR of 18 percent/year to evaluate investments.a) what is the present worth of this investment?b) should the new computer system be purchased?
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Is it reasonable to assume that regardless of your relationship with your teammates, or coworkers, you will still show them respect in the workplace? Why or why not?

Answers

Answer:

yes it is

Explanation:

there´s always the premise, that you have to separate your personal of your work life, so is totally reasonable that you have always to show respect to your coworkers because it helps to get better synergies between each other

Sitwell Corporation manufactures titanium and aluminum tennis racquets. Sitwell’s total overhead costs consist of assembly costs and inspection costs. The following information is available: Cost Titanium Aluminum Total Cost Assembly 500 mach. hours 500 mach. hours $45,000 Inspections 350 150 $75,000 2,100 labor hours 1,900 labor hours Sitwell is considering switching from one overhead rate based on labor hours to activity-based costing. Using activity-based costing, how much "assembly cost is assigned to titanium racquets"?

Answers

Answer:

$22,500

Explanation:

Activity based costing (ABC) is a method of cast allocation where the overheads and other indirect costs are allocated to products and services based on the volume of different activities consumed by each product.

The total cost pool is divided by the defined cost drivers to determine the cost driver rate.

Titanium Hours Aluminium hours Cost

Assembly 500 500 1000 45000

Inspection 350 150 500 75000

Labor hours 2100 1900 4000 120000

Cost per labor hour = 120000/4000= 30

Using activity based costing , portion of the assembly cost assigned to titanium Racquets = Titanium assembly hours / total assembly hours * total assembly cost

500/1000*45000

=22,500

Parrish Plumbing provides plumbing services to residential customers from Monday through Friday. Ken Parrish, the owner, believes that it is important for his imployees to have Saturday and Sunday off to spend with their families. However, he also recognizes that this policy has implications for profitability, and he is considering staying open on Saturday. Ken estimates that if his company stays open on Saturday, it can generate $2500 of daily revenue each day for 52 days per year. The incremental daily costs will be $700 for labor, $500 for parts, $100 for transportation, and $200 for office staff. These costs do not include a share of monthly rent or a share of depreciation related office equipment.

Ken is determined not to have employees work on Sunday, but he would like to know the opportunity cost of not working on Saturday. Provide Ken with an estimate of the opportunity cost, and explain why you do not have to consider rent or depreciation of office equipment in your estimate.

Answers

Answer:

Parrish Plumbing

1. Opportunity cost of not working on Saturday:

= $52,000 per year.

2. Parrish's monthly rent or depreciation related to office equipment are not considered because they are not incremental costs. Non-incremental costs do not make any difference to the decision to work on Saturday or not. Therefore, the costs are regarded as sunk, because they must be incurred no matter the decision. They are therefore irrelevant and non-variable in nature.

Explanation:

Daily revenue = $2,500

less relevant or incremental expenses:

Labor $700

Parts 500

Transport 100

Office staff 200 (1,500)

Incremental profit $1,000 per week

Annual incremental profit = $52,000 (52 * $1,000) or opportunity cost

Final answer:

The opportunity cost of not working on Saturday for Parrish Plumbing is $52,000, which is the foregone profit. This is calculated by subtracting operation costs from potential revenue. Sunk costs like rent or depreciation are not considered as they don’t affect incremental costs.

Explanation:

To calculate the opportunity cost of not working on Saturday for Parrish Plumbing, we need to subtract the total costs associated with working on Saturday from the total revenue that could be generated if work was done on that day. Ken is projecting a daily revenue of $2500 for each Saturday they would be opened for 52 Saturdays in a year, giving a total annual revenue of $130,000 ($2500 * 52).

The costs for staying open on Saturday include $700 for labor, $500 for parts, $100 for transportation, and $200 for office staff which totals to $1500. Therefore, the net profit for working on a Saturday would be the revenue ($2500) subtracted by the costs ($1500), which gives us $1000. Over 52 Saturdays in a year, this amounts to $52,000 ($1000 * 52). The $52,000 is the opportunity cost of not working on Saturday. This represents the amount of profit Ken is foregoing to give his employees the day off.

Regarding why we don’t need to consider rent or depreciation of office equipment, those are considered sunk costs. Sunk costs are expenses that have already been incurred and cannot be recovered. These costs do not change regardless of business operations, hence, they are not relevant when considering incremental costs for extra operation days.

Learn more about Opportunity Cost here:

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The welding department supplies parts to the final assembly line. Management decides to implement a kanban system and has collected the following data. The daily demand is 2000 units The production lead time is 4 days (this includes processing time, transport time, and waiting time) Management has decio One container fits 400 units How many kanban containers will be needed to support this system? _____ containers

Answers

Answer:

25 kanban containers

Explanation:

Given that,

Daily demand = 2,000 units

Production lead time = 4 days

Container size = 400 units

Lead time demand:

= Daily demand × Production lead time

= 2,000 units × 4 days

= 8,000 units

Safety Stock:

= Number of days × Daily demand

= 1 day × 2,000 units per day

= 2,000 units

Number of Kanban containers needed:

= (Lead time demand + Safety Stock) ÷ Container size

= (8,000 + 2,000) ÷ 400

= 10,000 ÷ 400

= 25

Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the October 9 sale consisted of 55 units from beginning inventory and 185 units from the October 5 purchase; the October 29 sale consisted of 35 units from the October 18 purchase and 75 units from the October 25 purchase. (Round your average cost per unit to 2 decimal places.)

Answers

Answer:

Ending inventory:

(a) specific identification = $5,885

(b) weighted average = $5,960

(d) LIFO = $5,845

Explanation:

Date Activity Units Cost Total

Oct. 1 Beg. inventory 155 $14 $2,170

Oct. 5 Purchase 180 $13.50 $2,430

Oct. 9 Sales 240

Oct. 18 Purchase 140 $13 $1,820

Oct. 29 Sales 110

Oct. 25 Purchase 330 $12.50 $4,125

total Purchases 805 $13.10 $10,545

Cost of goods sold:

(a) specific identification = [(55 x $14) + (185 x $13,50)] + [(35 x $13) + (75 x $12.50)] = $4,660

(b) weighted average = $13.10 x 350 units = $4,585

(d) LIFO = (180 x $13.50) + (60 x $14) + (110 x $13) = $4,700

Ending inventory:

(a) specific identification = $10,545 - $4,660 = $5,885

(b) weighted average = $10,545 - $4,585 = $5,960

(d) LIFO = $10,545 - $4,700 = $5,845

Here is the income statement for Skysong, Inc. SKYSONG, INC. Income Statement For the Year Ended December 31, 2022
Sales revenue $404,100
Cost of goods sold 234,000
Gross profit 170,100
Expenses (including $16,700 interest and $26,400 income taxes) 83,500
Net income $ 86,600
Additional information:
1. Common stock outstanding January 1, 2022, was 24,700 shares, and 37,100 shares were outstanding at December 31, 2022.
2. The market price of Skysong stock was $14 in 2022.
3. Cash dividends of $22,900 were paid, $4,900 of which were to preferred stockholders.
Compute the following measures for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%)
(a) Earnings per share $enter earnings per share in dollars
(b) Price-earnings ratio enter price-earnings ratio in times times
(c) Payout ratio enter payout ratio in percentages % (d) Times interest earned enter times interest earned times

Answers

Answer:

Earnings per share

= Net income - Preferred dividend

No of common stocks outstanding at the end

= $86,600 - $4,900

37, 100 shares

= $2.20 per share

b. Price-earnings ratio

= Market price per share

Earnings per share

= $14

$2.20

= 6.36

c. Pay-out ratio

= Ordinary dividend paid x 100

Earnings after preferred dividend

= $18,000 x 100

$81,700

= 22.03%

c. Times interest earned

= Earnings before interest and tax

Interest expense

= Net income + Interest expense+ Tax

Interest expense

= $86,600 + $16,700 + $26,400

$16,700

= 7.77 times

Explanation:

Earnings per share equals net income minus preferred dividend divided by number of common stocks outstanding at the end of the year.

Price-earnings ratio is market price price per share divided by earnings per share.

Pay-out ratio is ordinary dividend paid divided by earnings after preferred dividend.

Times interest earned is earnings before interest and tax divided by interest expense. Earnings before interest and tax equals net income plus interest expense plus income tax.

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Consider three imaginary countries. In Aire, saving amounts to $4,000 and consumption amounts to $12,000; in Bovina, saving amounts to $3,000 and consumption amounts to $24,000; and in Cartar, saving amounts to $10,000 and consumption amounts to $50,000. The saving rate is