Answer:
unitary absorption production cost= $128
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
First, we need to calculate the unitary fixed manufacturing overhead:
Unitary fixed overhead= 441,000 / 7,000= $63
Now, the unitary absorption production cost:
unitary absorption production cost= 51 + 12 + 2 + 63
unitary absorption production cost= $128
Answer:
Explanation:
Own price elasticity of demand is the degree of the responsiveness of the quantity demanded due to some change in price, keeping other factor constant. Price elasticity of demand on a linear demand curve will fall continuously as the curve slopes.
The four reasons are:
1. Medical aid is enivatble: Because medical services are a necessity for every human beings to live a healthy life, and if their is high change in price with respect to quantity demanded, person cannot ignore to take medical services in bad times or when seriously ill.
2. Comparing the actual size of the population, the number of doctors are compartively less.
3. The services of medical cannot be prolonged or postponed.
4. Love among people- One can be miser in food and clothing, but in diseases they have to take medical help and people will put in the whole money to save his closer one's life, this is the love we people have.
Prepare entries to record the following:_______.
(a)To record the purchase of the land.
(b)To record the cost and installation of machinery.
(c) To record the first five months' depletion assuming the land has a net salvage value of zero after the ore is mined.
(d)To record the first five months' depreciation on the machinery.
Answer:
a) July 23, 202x, purchase of land parcel (for mining purposes)
Dr Land and ore deposits 6,165,600
Cr Cash 6,165,600
b) July 25, 202x, purchase and installation of mining machinery
Dr Machinery 1,849,680
Cr Cash 1,849,680
c) December 31, 202x, depleting expense of ore deposits
Dr Depleting expense 341,917
Cr Accumulated depletion: land and ore deposits 341,917
depleting expense = ($6,165,600 / 8,808,000 tons) x 488,500 tons = $341,917
d) December 31, 202x, depreciation expense of machinery
Dr Depreciation expense 102,585
Cr Accumulated depreciation: machinery 102,585
depreciation expense = ($1,849,680 / 8,808,000 tons) x 488,500 tons = $102,585
B. At a required return of 28 percent, what is the NPV of the project?
C. At what discount rate would you be indifferent between accepting the project and rejecting it?
Answer:
A. $8,187.17
B. $597.38
C. 30%
Explanation:
Calculate the Net Present Value of the Project at the Required Return of 9%
The following is the calculation of NPV using a financial calculator :
($8,000) CFj
$2,700 CFj
$2,700 CFj
$2,700 CFj
$2,700 CFj
$2,700 CFj
$2,700 CFj
$2,700 CFj
$2,700 CFj
$2,700 CFj
9.00 % i/yr
Shift NPV $8.187.1666 or $8,187.17
Calculate the Net Present Value of the Project at the Required Return of 9%
The following is the calculation of NPV using a financial calculator :
($8,000) CFj
$2,700 CFj
$2,700 CFj
$2,700 CFj
$2,700 CFj
$2,700 CFj
$2,700 CFj
$2,700 CFj
$2,700 CFj
$2,700 CFj
28.00 % i/yr
Shift NPV $597.3765 or $597.38
You will be indifferent between accepting the project and rejecting it at the internal rate of return. The Internal Rate of Return is the interest rate that makes the Present Vale of Cash Flows to equal the Initial Cost of the Investment.
Use the Data given to find the Internal Rate of Return :
($8,000) CFj
$2,700 CFj
$2,700 CFj
$2,700 CFj
$2,700 CFj
$2,700 CFj
$2,700 CFj
$2,700 CFj
$2,700 CFj
$2,700 CFj
Shift IRR 30%
Answer:
No, I do not think justices should be forced to retire.
Explanation:
In order to ensure that the rule of law is maintained and every arm of government and it's institutions has no influences on justices, justices should not be forced to retire, as long as they are of good behavior and conduct.
The question pertains to the argument of whether the tenure of Supreme Court justices in a democracy should be capped or not. The professor's comment implies that long tenure might hinder dynamic legal interpretations in line with evolving societal values. Whether one supports the traditional life appointment system for justices or not depends on personal perspective.
The law professor's statement likely implies that with the evolving socially progressive landscape, having Supreme Court justices serve for 25 years or more could lead to stagnation in legal interpretation and decision making. Whether the current life appointment system for justices should be changed or not is a matter of personal opinion. Supporters of the current system often argue that it preserves judicial independence and protects the court from political pressures. On the other hand, those in favor of imposing retirement ages for justices often cite the need for fresh perspectives and dynamic legal interpretations that align with current societal values.
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Answer:
The flexible budget variances are attached.
Overall, the variance was favorable. The actual results in net income produced a favorable variance of $275.
Explanation:
A budget variance is the difference between the actual amount and the budgeted.
It is favorable when the actual income is greater than the budgeted income or when the actual expense is less than the budgeted expense. Income becomes favorable if more actual income had been generated than actually projected. And if actual expense is more than budgeted, then the expense line item records unfavorable variance.
Variance analysis is always employed to gauge performance. After analysis, the variances are investigated for course correction, as the case may be. Favorable outcomes are encouraged while unfavorable outcomes are discouraged.
A security's beta is calculated by dividing the security's return covariance with the return on the market portfolio by the market return variance. As a result, choice (C) is the best way to respond.
A stock's beta (β) value is a gauge of how volatile its returns are compared to those of the broader market. It is a crucial component of the Capital Asset Pricing Model and is utilized as a risk indicator (CAPM). A corporation with a higher beta has more risk as well as higher anticipated rewards.
One way to determine beta is to first divide the standard deviation of returns for the security by the standard deviation of returns for the benchmark. The correlation between the security's returns and the returns of the benchmark is multiplied by the resulting value.
Learn more about the beta of security, from:
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Answer:
Beta of a security is the covariance of the security return with the return on the market portfolio divided by variance of the market return.
The correct answer is C
Explanation:
Beta of a security is calculated as covariance (Ri,Rm) divided by Variance of the market return. Beta is used for measuring the systematic risk of a security.