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Related Questions
To fund your dream vacation, you plan to save $1,475 per year for the next 15 years starting one year from now. If you can earn an interest rate of 6.25%, how much will you have saved for your vacation?
Rouge Company’s $250,000 net income for the quarter ended September 30 included the following after-tax items:A $20,000 cumulative effect loss resulting from a change in inventory valuation method made on September 1.$0 of the $60,000 annual property taxes paid on February 1.For the quarter ended September 30, the amount of net income that Rouge should report is:_______.a. $235,000.b. $250,000.c. $255,000.d. $270,000.
Dr. Evil presents the sound of a buzzer to his pet rabbit, and he follows it with the delivery of a small electric shock. After repeated pairings of the buzzer and shock, the rabbit learns to fear the sound of buzzers. Dr. Evil then proceeds to extinguish the rabbit’s fear of buzzers. Now suppose that, after extinction, Dr. Evil decides to present the buzzer and shock to the rabbit once again. After only one pairing, the rabbit will demonstrate __________ and fear the buzzer again.
Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). Dextra collects 5% sales tax. 1. Record the entry for the $6,000 sale and its sales tax. 2. Record the entry that shows Dextra sending the sales tax on this sale to the government on October 15.3. Record the cost of Sept. 30th sales.4. Record the entry that shows the remittance of the 5% tax on this sale to the state government on October 15.5. Record the cash sales and 3% sales tax.
B. franchise arrangement.
C. manufacturer-sponsored marketing chain.
D.administered distribution system.
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Answer:
D.administered distribution system.
Explanation:
Administered Distribution System is a system in which producer manages all the marketing functions at the retail outlets.
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Answer:
Yes but only $90,000
Explanation:
$420,000.
$400,000.
$430,000.
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Question: What percentage of the variation in overhead costs is explained by the independent variable
Answer: 82.8%
Explanation:
= 0.848 (84.8%), the explanation of variation in Y from the X regress
Question: What is the total overhead cost for an estimated activity level of 60,000 direct labor-hours
Answer: $410,000
Explanation:
The equation resulting from this regression analysis is:
Total overhead = Estimated fixed cost + Estimated variable cost per labor hour x Labor hours
= Intercept estimate + Coefficient estimate on independent variable x 60,000 DLH
= 110000 + 5 x 60000 DLH
= 110000 + 300000
= 410000
Here is the full question with the appropriate tables.
Cortez Company is planning to introduce a new product that will sell for $108 a unit. The following manufacturing cost estimates have been made on 20,000 units to be produced the first year;
Direct Materials $700,000
Direct Labor $720,000 (= $18 per hour × 40,000 hours)
Manufacturing overhead costs have not yet been estimated for the new product, but monthly date on total production and overhead costs for the post 24 months have been analyzed using simple linear regression. The following results were derive from the simple regression and provide the basis for overhead cost estimates for the new product.
Simple Regression Analysis Results.
Dependent variable-Factory overhead cost-Independent Variable-Direct labor hours Computed values
Intercept $ 120,0000
Coefficient on independent variable $ 5.00
Coefficient of correlation .920
R² .828
What percentage of the variation in overhead costs is explained by the independent variable? 82.8% 91.1% 99.4% 74.5% None of the above.
What is the total overhead cost for an estimated activity level of 60,000 direct labor-hours?
$410,000.
$420,000.
$400,000.
$430,000.
Answer:
R² = 82.8%
$420,000
Explanation:
Given that:
R² = .828
The percentage of the variation in overhead costs explained by the independent variable in Y from the X regressor = %
= 82.8%
Given that:
direct labor-hours = 60,000
To calculate the Total overhead cost; we have:
(Total overhead) to be = Estimated fixed cost + estimated variable cost per
labor hour × labor-hours
= Intercept estimate + Coefficient estimate on
independent variable × 60,000 direct labor-hours
= $120,000 + ($5 × 60,000) direct labor-hours
= $120,000 + $300,000
= $420,000
∴ the total overhead cost for an estimated activity level of 60,000 direct labor-hours = $420,000.
B. premiums
C. risk expenditures
D. deductibles
Answers
Answer:
The answer is B.
Explanation:
A premium is the money a business or an individual pays for an insurance policy or it is the price of an insurance policy. They are many policies individuals or businesses can buy and they include healthcare insurance, home insurance, auto insurance, life etc.
Premium can be paid monthly, quarterly, semi-annually or yearly.
The premium paid by a business or an individual is income for the insurance company. Businesses or individuals pay premium in advance. While premium paid in advance is an asset to the business or individual at initiation, it is a liability to the insurance company.
Answer:
The correct answer is letter "B": premiums.
Explanation:
Insurance premiums are the payments individuals make to companies providing policies for the coverage of health care, vehicles, and home. Once an individual enrolls for insurance earns the obligation of making payments to the insurance company so they can render the services agreed on the policy. Premiums are calculated according to the risk of the insured in using the coverage and are paid on a regular basis or in a lump sum.
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Answer:
After 25 years you will have in your account $42,782.05.
Explanation:
First find the Future value of $19000 invested today at the end of 11 years.
PV = - $19,000
Pmt = $0
P/yr = 1
r = 3.30%
n = 11
FV = ?
Using a Financial calculator, the Future Value (FV) after 11 years will be $27,155.46.
Use the $27,155.46 to find future value at the end of the next 14 years at the rate of 2.70%
PV = - $27,155.46
Pmt = $0
P/yr = 1
r = 3.30%
n = 14
FV = ?
Using a Financial calculator, the Future Value (FV) after 14 years will be $42,782.05.
Thus, after 25 years you will have in your account $42,782.05.
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Answer:
The highest acceptable manufacturing cost for which Sid's would be willing to produce the cover is $19.60
Explanation:
The computation of the highest acceptable manufacturing cost is shown below:
We know that the market priced at $24.50 and the operating profit is 25% of the cost, we assume the cost is 100 and the selling price equals to
= Cost + operating profit
= 100 + 25% × cost price
= 125
The market price is given for selling price but we have to compute for the cost price
So, the calculation would be
= $24.50 × 100 ÷ 125
= $19.60
Final answer:
The maximum manufacturing cost per unit for Sid's Skins to achieve a 25% profit margin is $19.60.
Explanation:
The question is asking for the maximum manufacturing cost Sid's Skins would be willing to incur per unit produced in order to achieve a 25 percent operating profit. To solve this, the formula cost = price / (1 + profit margin) is used, where the price is $24.50 and the desired profit margin is 0.25 or 25%.
By substituting these values into the formula, the calculation is as follows: cost = 24.50 / (1 + 0.25) = 24.50 / 1.25 = $19.60.
So, the maximum manufacturing cost per unit that Sid's Skins would be willing to endure in order to achieve their desired profit margin of 25 percent is $19.60.
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