BUSINESS COLLEGE

Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data for the products and departments are listed below. Product Number of Units Labor Hours Per Unit Machine Hours Per Unit Blinks 1,000 4 5 Dinks 2,000 2 8 All of the machine hours take place in the Fabrication Department, which has an estimated overhead of $84,000. All of the labor hours take place in the Assembly Department, which has an estimated total overhead of $72,000. Ramapo Company uses a single plantwide overhead rate to apply all factory overhead costs. The single plantwide rate, if it is based on machine hours instead of labor hours, is a.$7.43 per machine hour b.$19.50 per machine hour c.$9.00 per machine hour d.$4.00 per machine hour

Answers

Answer 1
Answer:

Answer:

OAR = $4  per machine hour

Explanation:

Plant wide overhead absorption rate (OAR)

= Estimated overhead/Estimated total machine hours

Estimated machine hours = (5 × 1000) +( 8× 2000) =  21,000 machine hours

OAR = $84,000/21,000 machine hour= $4  per machine hour

OAR = $4  per machine hour

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The following information is needed to reconcile the cash balance for Discount Dry​ Cleaning, Inc. ​ A deposit of $ 5,600 is in transit. ​Outstanding checks total $ 1,500. ​The book balance is $ 6,100 on February​ 28, 2019. ​The bookkeeper recorded a $ 1,700 check as $ 17,300 in payment of the current​ month's rent. ​The bank balance on February​ 28, 2019, was $ 16,210. A deposit of $ 200 was credited by the bank for $ 2, 000. ​ A​ customer's check for $ 3,100 was returned for non-sufficient funds. ​The bank service charge is $ 90. What was the adjusted book​ balance?
When aggregate demand is high enough to drive unemployment below the natural rate:_________a. there is downward pressure on the price level, and the government may want to conduct contractionary fiscal policy. b. the economy is slipping into a recession, and the government may want to conduct expansionary fiscal policy. c. there is upward pressure on the price level, and the government may want to conduct contractionary fiscal policy. d. there is upward pressure on the price level, and the government may want to conduct expansionary fiscal policy. e. there is downward pressure on the price level, and the government may want to conduct expansionary fiscal policy.
Bonds issued by the coleman manufacturing company have a par value of $1,000, which of course is also the amount of principal to be paid at maturity. the bonds are currently selling for $940. they have 10 years remaining to maturity. the annual interest payment is 10 percent ($100). compute the yield to maturity.
Mr. James purchased a vacation house in Los Angeles on July 1, 2017. The purchase price was $1,000,000, and Mr. James spent $10,000 on capital additions. As of January 1, 2019, the house was worth $1,200,000. Mr. James was not entitled to depreciate thehouse as it was a personal-use asset.Assume Mr. James still owned the house as of December 31, 2019. On December 31,2019, the house was valued at $1,300,000. For tax purposes, how much income did Mr.James realize in 2019
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To judge whether a particular diversification move has good potential for building added shareholder value, the move should pass the following tests:___________. A) the attractiveness test, the barrier-to-entry test, and the growth test.
B) the strategic fit test, the resource fit test, and the profitability test.
C) the barrier-to-entry test, the growth test, and the shareholder value test.
D) the attractiveness test, the cost-of-entry test, and the better-off test.
E) the resource fit test, the strategic fit test, the profitability test, and the shareholder value test.

Answers

Answer:

D) the attractiveness test, the cost-of-entry test, and the better-off test.

Explanation:

To judge a diversification change, an organization needs to pass the attractiveness tests, the entry cost test and the best situation test.

These tests will be decisive to analyze the potential that diversification will have to create added value for the shareholder.

The attractiveness test will list the ability that the market has to ensure that there is a safe return on investments.

The cost-of-entry will aim to ensure that when entering a new sector, the organization does not have higher costs that can influence the generation of profitability.

Finally, the better-off test will analyze whether the planned diversification will be so profitable that it will help to improve the performance of the integration of organizational businesses.

Answer:

OPTION d

Explanation:

Not all the items in your office supply store are evenly distributed as far as demand is concerned, so you decide to forecast demand to help plan your stock. Past data for legal-sized yellow tablets for the month of August areA)Using a three-week moving average, what would you forecast the next week to be? (Round your answer to the nearest whole number.)
B)Using exponential smoothing with ? = 0.20, if the exponential forecast for week 3 was estimated as the average of the first two weeks [(315 + 415)/2 = 365], what would you forecast week 5 to be? (Round your answer to the nearest whole number.)
Week 1 315
Week 2 415
Week 3 615
Week 4 715

Answers

Answer: A. 582 ; B. 475

Explanation:

A. Three week moving average

three moving average requires us to take the last three weeks forecast in     calculating the forecast for following week,  to calculate week 5 forecast we will start from week 2 to week 4.

 Week 2 = 415

 Week 3 = 615

 Week 4 = 715

Three week moving average = (WEEK 2 + Week 3 + Week 4)/N

Three week moving average = (415 + 615 + 715)/3  

Three week moving average =  1745/3 = 581.6667 = 582

using three week moving average the forecast for week 5 is 582

B.Exponential smoothing

Exponential smoothing forecast for week 3 is 365, to calculate the forecast of week 5 we need to find a forecast for week 4 first using exponential  smoothing

S = smoothing Factor = 0.2

D = most recent forecast (week 3) = 615

F = most recent forecast under exponential smoothing = 365

Forecast(week 4) = (D × S) + (F × (1 - S))

Forecast(week 4) = (615 × 0.20) + (365 × (1 - 0.20))

Forecast(week 4) = 123 + 292 = 415

The forecast for week 4 using exponential smoothing is 415

Week 5 forecast calculation

S = smoothing Factor = 0.2

D = most recent forecast (week 4) = 715

F = most recent forecast under exponential smoothing = 415

Forecast(week 5) = (D × S) + (F × (1 - S))

Forecast(week 5) = (715 × 0.20) + (415 - (1 - 0.20))

Forecast(week 5) = 143 + 332= 475

forecast for week 5 is 475

Final answer:

The forecast for the next week using a three-week moving average would be 448 items. Using exponential smoothing with a smoothing constant of 0.20, the forecast for week 5 would be 435 items.

Explanation:

To answer both parts of your question:

A) The three-week moving average is calculated by taking the average of the past 3 weeks, so for week 4, it would be the average of weeks 1, 2, and 3: [(315 + 415 + 615)/3 = 448]. Therefore, the forecast for week 4 using a three-week moving average would be 448 items, rounded to the nearest whole number.

B)Exponential smoothing requires the use of a smoothing constant, in this case, ? = 0.20, and the previous actual and forecasted values. Using the given exponential forecast for week 3 of 365, the forecasted demand for week 5 would be calculated as follows: Forecast = ? * Actual_previous + (1-?) * Forecast_previous = 0.20 * 715 + (1-0.20) * 365 = 435. Therefore, your week 5 forecast would be 435 items, rounded to the nearest whole number.

Learn more about Demand Forecasting here:

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In evaluating different market segments, the firm must look at two factors: the segment's overall attractiveness and the ________.

Answers

Answer: Company objective and the resources

Explanation:

For evaluating the different types of marketing segment of an organization it basically involve the two main factors such as the overall segments's attractiveness and also the main objective of the company and its resources.

 By evaluating the marketing segment we can easily evaluating each segment of the company so that the company producing the desirable result according to the consumer requirements.

The company objective is one of the type of goals of the company that helps in achieving the desirable result and the opportunities. Therefore, Company objective and the resources is the correct answer.  

"Every individual necessarily labors to render the annual revenue of the society as great as he can. He generally indeed neither intends to promote the public interest, nor knows how much he is promoting it. He intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good." – Adam Smith what this quote means

Answers

Answer:

This quote highlights Adam Smith - Self Interest, Free Reign, Invisible Hand theories

Explanation:

Adam Smith is the Father of Economics.

His self interest theory states that : Individuals working for the best of self interest implies maximum welfare for society as a whole.

Hence, the free reign idea suggests that people as 'self interest' guided rational economic agents should be left free. The invisible hand of market restores any distortions.

Government intervention is considered to be not only unnecessary, but distortionary.

Toys "R" Us has decreased its receivable turnover over the last three years: which of the following may be a possible cause of this decrease? A) the company has been more selective in choosing reliable customers. B) salesmen have granted customers an extension of credit terms. C) the accounting department has increased the allowance for doubtful accounts. D) all of the above are correct

Answers

Answer:

B) salesmen have granted customers an extension of credit terms.

Explanation:

receivables turnover ratio = net sales / average accounts receivable

A low receivables turnover ratio is usually a bad thing, since most companies sell on credit, i.e. their accounts receivable should be important. A high receivables turnover ratio means that the company is collecting its accounts receivable efficiently and its customers are good payers.

The key point here is average accounts receivable. What can result in a company having very high accounts receivable (compared to its total sales)? The answer is simple, their customers are not paying on time or the company had to extend their credit terms in order to attract more customers.

Coronado Company had the following department information for the month: Total materials costs $55000 Equivalent units of materials 10000 Total conversion costs $81000 Equivalent units of conversion costs 15000 What is the total manufacturing cost per unit

Answers

Answer:

10.9 per unit

Explanation:

Total manufacturing cost per unit= Material cost per unit + Conversion cost per unit

Material Cost per Unit= Total materials cos / Equivalent units of materials

Material cost per unit = 55000 / 10000 = 5.5

Conversion cost per unit = Total conversion costs / Equivalent units of conversion costs

Conversion cost per unit = 81,000 / 15000 = 5.4

Hence, Total manufacturing cost per unit = 5.5 +5.4 = 10.9 per unit
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