Answer:
The Earnings after taxes will be $400,000
Explanation:
According to the data we have the following Long term financing funds of Permanent current assets = $1,610,000 and Fixed assets = $790,000 so the total of Long term financing funds= $ 2,400,000
Also, we have Termperory current assets = $3,200,000
Therefore, the Long term interest expenses = $2,400,000 * 15%
= $360,000
and the Short term interest expenses = $3,200,000* 10%
= $ 320,000
Hence, Total interest expenses=$360,000+$ 320,000=$680,000
So, Earnings before taxes=Earnings before interest and taxes-Interest expenses=$ 1,180,000- $ 680,000=$500,000
The tax rate is 20 percent, hence, taxes=$500,000*20%=$100,000
Therefore, The Earnings after taxes would be=Earnings before taxes-taxes
=$500,000-$100,000
=$400,000
The expected price paid by Kenji, with no other bidders present, is $:_________
Suppose the owner Of the artwork manages to recruit another bidder, Manuel, to the auction. Manuel is known to value the art piece at $8,000.
The expected price paid by Kenji, given the presence of the second bidder Manuel, is $:_________
Please find attached
Answer and Explanation:
1. If there are no other bidders present as from question them we can conclude that Kenji would buy the art piece for $5000. See question
2. If there is a bidder present in the name of Manuel who would bid for $8000 then Kenji would bid at $8000 and win the bid for the art piece. See question. Kenji would bid at price of 2nd highest bidder to win the bid for art piece
b. If production on a batch begins when there is no inventory of heating elements on hand, how much inventory will be on hand 2 days later? Number of inventory
c.What is the average inventory of elements, assuming each production cycle begins when there are none on hand? (Do not round intermediate calculations. Round your answer to the nearest whole number.) Average inventory
d. The same equipment that is used to make the heating elements could also be used to make a component for another of the firm’s products. That job would require 3 days, including setup. Setup time for making a batch of the heating elements is a half day. Is there enough time to do this job between production of batches of heating elements?
i. No
ii. Yes
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.
#SPJ12
Balance, 1/1/2017 290 $5.00 $1450
Purchase, 1/15/2017 140 ..5.10 714
Purchase, 1/28/2017 140 ..5.30 742
An end of the month (1/31/2017) inventory showed that 230 units were on hand. If the company uses LIFO, what is the value of the ending inventory?
Answer:
Ending inventory= $1706
Explanation:
Giving the following information:
Units Per unit price Total
1/1/2017: 290 *$5.00= $1450
1/15/2017: Purchase, 140*$5.10= $714
1/28/2017: Purchase, 140*$5.30= $742
At the end of the month (1/31/2017) inventory showed that 230 units. If the company uses LIFO (last-in, first-out)
Ending inventory= 140*5.30+140*5.10+50*5= $1706
Answer:
Instructions are below.
Explanation:
Giving the following information:
Selling price= $123
Units sold= 6,100
Variable costs per unit:
Direct materials $45
Direct labor $30
Variable manufacturing overhead $1
Variable selling and administrative $8
Fixed costs:
Fixed manufacturing overhead $140,800
Fixed selling and administrative $91,500
First, we need to calculate the total variable cost per unit:
Variable cost per unit= 45 + 30 + 1 + 8= $84
Income statement:
Sales= 6,100*123= 750,300
Total variable cost= 6,100*84= (512,400)
Contribution margin= 237,900
Fixed manufacturing overhead= (140,800)
Fixed selling and administrative= (91,500)
Net operating income= 5,600
O Planning
O Governance
O Revenue and Taxation
O National Security
Answer:
O National Security
Explanation:
The Government and Public Administration cluster is composed of people who assist in enforcing the law. The cluster includes people in military workers, municipal clerks, and service clerks,
National security concerns the ability of a country to cater to its citizenry's protection and defense. Pharell liking for physical fitness and patriotism will make him a perfect fit for protecting the citizens and the country.
Answer:
Sorry im late but theyre right
Explanation:
Answer:
Debit Depletion Expense $88,095
Credit Accumulated Depreciation for Coal Mine $88,095
Being the record of the depletion expense on the acquired coal Mine.
Explanation:
Step 1: Compute the depletion expense for the coal mine for that first year
Formula= (Depreciable Cost/ Total Quantity of Coals) x The Quantity of Extracted Coals
Depreciable Cost= Cost of the Coal Mine - Value that can be salvaged
Cost of Coal Mine = Cost of Acquisition + Intangible Development Costs + Fair Value of Obligation
Cost of Coal Mine = $444,000 + $111,000 + $88,800 = $643,800
Depreciable Cost = $643,800 - $177,600
= $466,200
Depletion Expense based on Formula
= ($643,800/4,440 tons) x 839 tons extracted the first year
= $88,095
Step 2: Prepare the Journal Entry for the Depletion
Debit Depletion Expense $88,095
Credit Accumulated Depreciation for Coal Mine $88,095
Being the record of the depletion expense on the acquired coal Mine.
Please Note:
Depletion Expense is the expense that is usually incurred when utilizing natural resources such as coal and it is usually charged as expense against profit
The Total cost of coal Mine is a sum of all relevant costs including cost of acquisition, fair value of obligation and intangible development costs.