Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows:
MONTH DEMAND (UNITS)
January 4,130
February 4,230
March 3,930
April 4,330
May 4,930
June 4,630
July 5,230
August 4,830
September 5,330
October 5,630
November 6,230
December 5,930
Required:
Using linear regression technique, what would you estimate demand to be for each month next year?
Answers
Answer:
First month of next month ( x = 13) = 6170
second month ( x = 14 ) = 6389
Explanation:
Determine the estimate demand for each month next year ( use Linear regression )
Linear regression equation: y = a + bx
a = intercept between regression line and y-axis
b = slope of regression
x = month
y = demand
Using excel table attached below
∑x = 78
∑xy = 413340
∑y = 59360
∑(x)^2 = 650
N = 12
(∑x )^2 = 6084
next we will calculate the slope and intercept value
b ( slope ) = ( 12 * 413340 ) - ( 78 * 59360 ) / ( 12 * 650 - 6084 )
= 330,000 / 1716 = 192.31
intercept ( a ) = 59360 - ( 192.31 * 78 ) / 12 = 3696.65
Back to equation 1 :
Linear regression equation = Y = 3696.65 + 192.31 x
where x = number of month ( i.e. 13 , 14 ….. 24 )
To determine the estimate demand for each month next month
Linear regression equation : Y = 3696.65 + 192.31 x
first month of next month ( x = 13) = 3696.65 + 192.31 * ( 13 )
second month ( x = 14 ) = 3696.65 + 192.31 * ( 14 )
Note : apply same equation to every month ( i.e. from x = 15 to 24 ) to determine the estimate demand for each month
Related Questions
URGENT, PLEASE HELP!
Rhea works the following hours for the week: Monday 8/2, Tuesday 11, Wednesday 8 % Thursday 8,
Friday 7 1/2 and Saturday 7. She gets paid overtime based on more than 8 hours a day and double time
pay on Saturdays. If she gets paid $18.35 an hour, what is her gross pay?
Answers
The answer I am getting it for this question is 146.8
On January 2, 2020, Vaughn Manufacturing began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2021. Expenditures for the construction were as follows:
January 2, 2020 $613000
September 1, 2020 1802400
December 31, 2020 1802400
March 31, 2021 1802400
September 30, 2021 1203000
Indian River Groves borrowed $3,300,000 on a construction loan at 12% interest on January 2, 2017. This loan was outstanding during the construction period. The company also had $12,000,000 in 9% bonds outstanding in 2017 and 2018.
1. What were the weighted-average accumulated expenditures for 2017?
a. $1,600,000.
b. $1,500,000.
c. $1,200,000.
d. $3,000,000.
2. The interest capitalized for 2017 was:
a. $540,000.
b. $144,000
c. $456,000.
d. $180,000.
3. What were the weighted-average accumulated expenditures for 2018 by the end of the construction period?
a. $1,170,000.
b. $4,905,000.
c. $5,958,000.
d. $4,158,000.
4. The interest capitalized for 2018 was:
a. $374,220.
b. $354,915.
c. $ 77,220.
d. $297,000.
Answers
Answer:
Vaughn Manufacturing
1. The weighted-average accumulated expenditures for 2017 were:
c. $1,200,000.
2. The interest capitalized for 2017 was:
b. $144,000
3. The weighted-average accumulated expenditures for 2018 by the end of the construction period were:
= $2,546,000.
4. The interest capitalized for 2018 was:
= $267,000.
Explanation:
a) Data and Calculations:
Expenditures for the construction were as follows:
Date Amount of No. of months Weighted Average
expenditure Expenditure
2020:
January 2, 2020 $613,000 12/12 $613,000
September 1, 2020 1,802,400 4/12 600,800
December 31, 2020 1,802,400 0/12 0
Total weighted-average expenditure for 2020 = $1,213,800
Which is approximately = $1,200,000
Interest capitalized = $144,000 ($1,200,000 * 12%)
Capitalized expenditure by December 31, 2020 = $1,344,000 ($1,200,000 + $144,000)
Date Amount of No. of months Weighted Average
expenditure Expenditure
2021:
January 1, 2021 1,344,000 9/9 $1,344,000
March 31, 2021 1,802,400 6/9 1,201,600
September 30, 2021 1,203,000 0/9 0
Total weighted-average expenditure for 2020 = $2,545,600
Which is approximately $2,546,000
Interest capitalized for 2018 = $267,330 ($2,546,000 * 10.5%)
Approximately $267,000
Kray Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced 5,500 Variable costs per unit: Direct materials $ 39 Direct labor $ 27 Variable manufacturing overhead $ 11 Variable selling and administrative expense $ 5 Fixed costs: Fixed manufacturing overhead $ 401,500 Fixed selling and administrative expense $ 451,000 There were no beginning or ending inventories. The variable costing unit product cost was:
Answers
Answer:
the variable costing unit product cost is $77
Explanation:
The computation of the variable costing unit product cost is shown below:
= Direct material + direct labour + variable manufacturing overhead
= $39 + $27 + $11
= $77
hence, the variable costing unit product cost is $77
We simply added the three items so that the variable costing unit could come
The same would be relevant
Kauffman Market has a gross profit percentage of 40%. It is expecting an additional $3,000 in revenues over the upcoming 3-day holiday weekend. The manager would like 3 additional staff members assisting customers during this busy time. The additional staff members will each work one 6-hour shift per day and earn $12 per hour. Would it be profitable for Kauffman Market to add the extra staff members
Answers
Answer:
$552
Explanation:
The computation is shown below:
But before that following calculation need to be done
Additional profit is
= $3,000 × 40%
= $1,200
Additional labor cost is
= (3 days × 3 employees × 6 hours per day × 12 per hour )
= $648
As we can see that the company profit would be increase by
= $1,200 - $648
= $552
purchased a truck at a cost of $67,200. It has an estimated useful life of five years and estimated residual value of $6,200. At the beginning of year three, Ripple decided that the total useful life would be four years, rather than five years. There was no change in the estimated residual value. What is the amount of depreciation that Ripple should record for year 3 under the straight-line depreciation method
Answers
Answer:
Ripple Corporation
The amount of depreciation that Ripple should record for year 3 under the straight-line depreciation method is:
= $18,300.
Explanation:
a) Data and Calculations:
Cost of truck = $67,200
Estimated useful life = 5 years
Estimated residual value = $6,200
Depreciable amount = $61,000 ($67,200 - $6,700)
Annual depreciation expense = $12,200 ($61,000/5)
Accumulated depreciation after two years = $24,400
Net book value = $42,800 ($67,200 - $24,400)
Revised Estimates:
Re-estimated Useful life = 4 years
Remaining useful life = 2 years
Salvage value = unchanged
Depreciable amount = $36,600 ($42,800 - $6,700)
Annual depreciation expense = $18,300 ($36,600/2)
If a $5,000 coupon bond has a coupon rate of 13 percent, then the coupon payment every year is (a) $650. (b) $1,300.
Answers
g Assume that the reserve requirement is 11.69 percent. Banks do not hold excess reserves and there is no cash held by the public. The Federal Reserve decides that it wants to expand the money supply by $59 million using open-market operations. The Federal Reserve needs to buy $______ million worth of bonds. Round to two decimal places.
Answers
Answer:
$6.90 million
Explanation:
The computation is shown below:
Given that
The Reserve requirement is 11.69%
And, the money supply is $59 million
Based on the above information
First the money multiplier should be find out i.e.
= 1 ÷ 0.1169
= 8.55
Now the amount that need to buy is
= $59 ÷ 8.55
= $6.90 million
Hence, the federal reserve required to purchase $6.90 million worth of bonds
Kidder Company began its operations on March 31 of the current year. Projected manufacturing costs for the first three months of business are $156,800, $195,200, and $217,600, respectively, for April, May, and June. Depreciation, insurance, and property taxes represent $28,800 of the estimated monthly manufacturing costs. Insurance was paid on March 31, and property taxes will be paid in November. Three-fourths of the remainder of the manufacturing costs are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month. The cash payments for manufacturing in the month of June are:___.
a. $294,000.
b. $235,200.
c. $183,200.
d. $381,500.
Answers
Answer:
Total cash disbursement June= $183,200
Explanation:
Giving the following formula:
Manufacturing costs:
May= $195,200
June= $217,600
We need to deduct the costs of depreciation, insurance, and property taxes. The first one is not a cash disbursement cost. The second and third are already paid.
Cash disbursement June:
Manufacturing costs June= (217,600 - 28,800)*0.75= 141,600
Manufacturing costs May= (195,200 - 28,800)*0.25= 41,600
Total cash disbursement June= $183,200
Wildhorse Corporation has pretax financial income (or loss) from 2015 through 2021 as follows.
Income (Loss) Tax Rate
2015 $65,280 25%
2016 (95,200) 20%
2017 122,400 20%
2018 40,800 20%
2019 142,800 20%
2020 (81,600) 25%
2021 173,200 25%
Pretax financial income (loss) and taxable income (loss) were the same for all years since Wildhorse has been in business. In recording the benefits of a loss carryforward, assume that it is more likely than not that the related benefits will be realized.
Required:
a. What entries for income taxes should be recorded for 2015? .
b. Indicate what the income tax expense portion of the income statement for 2016 should look like. Assume all income (loss) relates to continuing operations.
c. What entry for income taxes should be recorded in 2017?
d. How should the income tax expense section of the income statement for 2018 appear?
e. What entry for income taxes should be recorded in 2019?
f. How should the income tax expense section of the statement for 2020 appear to be ?
?
Answers
Answer:
Wildhorse Corporation
a. Entry for income taxes for 2015:
Debit Income Taxes Expense $16,320
Credit Taxes Payable $16,320
To record income taxes expense for the year.
b. Income Tax Expense Portion of the Income Statement for 2016:
Income before taxes (Loss) ($95,200)
Income taxes expense $0
Net Income (Loss) ($95,200)
c. Entry for income taxes for 2017:
Debit Income Taxes Expense $5,440
Credit Taxes Payable $5,440
To record income taxes expense for the year.
d. Income Tax Expense Portion of the Income Statement for 2018:
Income before taxes (Loss) $40,800
Income taxes expense 8,160
Net Income (Loss) $32,640
e. Entry for income taxes for 2019:
Debit Income Taxes Expense $28,560
Credit Taxes Payable $28,560
To record income taxes expense for the year.
f. Income Tax Expense Portion of the Income Statement for 2020:
Income before taxes (Loss) (81,600)
Income taxes expense $0
Net Income (Loss) (81,600)
Explanation:
a) Data and Calculations:
Pretax financial income (or loss) from 2015 through 2021 as follows.
Year Income (Loss) Tax Rate Taxable Taxes Net Income
Income Expense (Loss)
2015 $65,280 25% $65,280 $16,320 $48,960
2016 (95,200) 20% $0 $0 (95,200)
2017 122,400 20% $27,200 $5,440 $116,960
2018 40,800 20% $40,800 $8,160 $32,640
2019 142,800 20% $142,800 $28,560 $114,240
2020 (81,600) 25% $0 $0 (81,600)
2021 173,200 25% $91,600 $22,900 $150,300
Pearson Motors has a target capital structure of 45% debt and 55% common equity, with no preferred stock. The yield to maturity on the company's outstanding bonds is 8%, and its tax rate is 25%. Pearson's CFO estimates that the company's WACC is 12.50%. What is Pearson's cost of common equity
Answers
Answer:
the cost of equity is 17.82%
Explanation:
The computation of the cost of equity is shown below:
As we know that
WACC = weight of debt × cost of debt × (1 - tax rate) + weight of equity × cost of equity
12.50% = 0.45 × 8% × (1 - 0.25) + 0.55 × cost of equity
12.50% = 2.7% + 0.55 × cost of equity
9.8% = 0.55 × cost of equity
So, the cost of equity is 17.82%
After researching Best Buy common stock, Sally Jackson is convinced the stock is overpriced. She contacts her account executive and arranges to sell short 150 shares of Best Buy. At the time of the sale, a share of common stock had a value of $53. Three months later, Best Buy is selling for $55 a share, and Sally instructs her broker to cover her short transaction. Total commissions to buy and sell the stock were $82. What is her profit for this short transaction
Answers
Answer:
Total profit after commission will be "$218".
Explanation:
The given values are:
Share of common stock,
= $53
Total commissions to sell and buy,
= $82
Now,
The profit from buying and selling will be:
= [tex]55-53[/tex]
= [tex]2[/tex] ($)
Total profit will be:
= [tex]2\times 150[/tex]
= [tex]300[/tex] ($)
hence,
The profit after reducing commission will be:
= [tex]300-82[/tex]
= [tex]218[/tex] ($)
Why do products have to be deleted from a product mix?
Answers
Answer:
Businesses must remove unnecessary goods in order to uphold high quality requirements for their product.
Explanation:
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period: Office Expenses Total Allocation Basis Salaries $ 39,000 Number of employees Depreciation 29,000 Cost of goods sold Advertising 68,000 Net sales Item Drilling Grinding Total Number of employees 1,800 2,700 4,500 Net sales $ 368,000 $ 552,000 $ 920,000 Cost of goods sold $ 121,600 $ 198,400 $ 320,000 The amount of depreciation that should be allocated to Drilling for the current period is:
Answers
Answer: $53820
Explanation:
The amount of depreciation that should be allocated to Drilling for the current period will be:
Salaries = (39000 × 1800/4500) = 15600
Add: Depreciation = (29000 × 121600/320000) = 11020
Add: Advertising = (68000 × 368000/920000) = 27200
Total = 53820
what is the yearly salary and hourly wage for a novel author? it's for a project.
Answers
the second level of conceptual framework includes each of the following except: a. fundamental qualities b. enhancing qualities c. principles d. elements
Answers
Suppose today is May 1, 2016, and your firm produces breakfast cereal and needs 200,000 bushels of corn in July 2016 for an upcoming promotion. You would like to lock in your costs today because you are concerned that corn prices might rise between now and July. Each contract is for 5,000 bushels; the settle price for July 2016 is $5.18 per bushel. Suppose corn prices are $5.14 per bushel in July. What will your cumulative mark to market be
Answers
Answer: -$8000
Explanation:
Based on the information given in the question, the cumulative mark to market will be calculate as:
= (5.14 - 5.18) ×
= 0.04 × 200,000
= 8000
The cumulative mark to market is gotten as - $8000 and since it's negative, it implies that a loss was incur by the investor in the future contracts.
what is the yearly salary or hourly wage of a librarian?
Answers
Answer:
$61,920, or $29.77
Explanation:
Answer:
The average hourly rate for Librarian ranges from $27 to $38 with the average hourly pay of $32.
Explanation:
The average salary for a Librarian is $58515 per year in United States.
Salaries start from $34630 and go up to $93050.
What is the best way to prevent the transmission of Hepatitis B?
Vaccination
Avoidance of situations where the virus could be present
Improper disposal of sharps
None of the above, because Hepatitis B is not a communicable
disease
Answers
Answer:
A! But in addition to vaccination, there are other simple ways to help stop the spread of hepatitis B:
Wash your hands thoroughly with soap and water after any potential exposure to blood
Use condoms with sexual partners
Avoid direct contact with blood and bodily fluids
Clean up blood spills with a fresh diluted bleach solution (mix 1 part bleach with 9 parts water)
Cover all cuts carefully
Avoid sharing sharp items such as razors, nail clippers, toothbrushes, and earrings or body rings
Discard sanitary napkins and tampons into plastic bags
Avoid illegal street drugs (injecting, inhaling, snorting, or popping pills)
Make sure new, sterile needles are used for ear or body piercing, tattoos, and acupuncture
Explanation:
Twins graduate from college together and start their careers. Twin 1 invests $1500 at the end of each year for 10 years only (until age 33) in an account that earns 7%, compounded annually. Suppose that twin 2 waits until turning 40 to begin investing. How much must twin 2 put aside at the end of each year for the next 25 years in an account that earns 7% compounded annually in order to have the same amount as twin 1 at the end of these 25 years (when they turn 65)
Answers
Answer:
Annual investment= $2,855.71
Explanation:
First, we will determine the future value of the investment of Twin 1 at the end of the firsts 10 years.
Twin 1:
Annual investment= $1,500
Number of periods= 10 years
Interest rate= 7%
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {1,500*[(1.07^10) - 1]} / 0.07
FV= $20,724.67
Now, the value of the account of Twin 1 after 32 years (65 - 33), if he leaves the money to gain interest:
FV= PV*(1+i)^n
FV= 20,724.67*(1.07^32)
FV= $180,621.11
Finally, the annual deposit that Twin 2 must make to equal the amount earned by Twin 1:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (180,621.11*0.07) / [(1.07^25) - 1]
A= $2,855.71
Twin 2 must make an annual deposit of $2,855.71 to match the amount earned by Twin 1, which is the annual investment.
How do you calculate the Annual investment of Twin 2?First, we'll calculate the future value of Twin 1's investment at the conclusion of the first ten years.
[tex]\text{Twin 1}:\\\text{Annual investment}= $1,500\\\text{Number of periods= 10 years}\\\text{Interest rate= 7} \text{percent}\\FV= {A\text{x}[(1+i)^n-1]}/i\\\text{A= annual deposit}FV= {1,500 \text{x} [(1.07^{10} ) - 1]} / 0.07FV= $20,724.67[/tex]
The following is the worth of Twin 1's account after 32 years (65 - 33), assuming he leaves the money to earn interest:
[tex]\text{FV= PV} \text{x}(1+i)^n\\FV= 20,724.67\text { x }(1.07^{32})\\FV= 180,621.11[/tex]
Finally, Twin 2 must make an annual deposit equivalent to the amount generated by Twin 1:
[tex]\text{FV}= {\text{A} \text{x}{[(1+i)^n-1]}/\text{i}\\\text{A= annual deposit}[/tex]
[tex]\text{Isolating A}:\\A= (FV \text{x} i)/{[(1+i)^n]-1}\\A= (180,621.11 \text{x} 0.07) / [(1.07^{25} ) - 1]\\A= 2,855.71[/tex]
For more information about Annual investment, refer below
https://brainly.com/question/25908442
Wall Drugs offered an incentive stock option plan to its employees. On January 1, 2021, options were granted for 75,000 $1 par common shares. The exercise price equals the $6 market price of the common stock on the grant date. The options cannot be exercised before January 1, 2024, and expire December 31, 2025. Each option has a fair value of $1 based on an option pricing model. Which is the correct entry to record compensation expense for the year 2021
Answers
Answer:
Dr Compensation expense $12,500
Cr Paid-in capital - stock options $12,500
Explanation:
Preparation of the correct entry to record compensation expense for the year 2021
Based on the information given the correct journal entry to record compensation expense for the year 2021 is :
Dr Compensation expense $12,500
Cr Paid-in capital - stock options $12,500
[(75,000 x $1)/6]
(Being to record compensation expense for the year 2021)
Better Health Inc. is evaluating two capital investments, each of which requires an up-front (Year 0) expenditure of $1.5 million. The projects are expected to produce the following net cash inflows: Year Project A Project B 1 $500,000 $2,000,000 2 $1,000,000 $1,000,000 3 $2,000,000 $600,000 The Discount Rate is 10% assuming a normal risk project. You may use Excel on your computer to answer this Question. Respondus has been removed from this Exam so you have access to Excel. Assume Project B is more 30% more risky than Project A and therefore would have a Discount Rate of 13% rather than 10%. What is the new NPV for Project B
Answers
Answer:
$1,468,888.29
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Cash flow in year 0 = $-1.5 million
Cash flow in year 1 = $2,000,000
Cash flow in year 2 = $1,000,000
Cash flow in year 3 = $600,000
I = 13%
NPV = $1,468,888.29
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Splish Company began operations on January 2, 2019. It employs 12 individuals who work 8-hour days and are paid hourly. Each employee earns 10 paid vacation days and 6 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows.
Actual Hourly Wage Rate Vacation Days Used by Each Employee Sick Days Used by Each Employee 2019 2020 2019 2020 2019 2020 $6 $7 0 9 4 5
Splish Company has chosen to accrue the cost of compensated absences at rates of pay in effect during the period when earned and to accrue sick pay when earned.
Prepare journal entries to record transactions related to compensated absences during 2019 and 2020.
vacation Days Used by Each Employc 2019 Actual Hourly Sick Days Used by Each Employcoc 017 Wagc Ratc 2019 2020. 01 7 2019 57 58
Answers
Answer: what is the question being asked?
OS Environmental provides cost-effective solutions for managing regulatory requirements and environmental needs specific to the airline industry. Assume that on July 1 the company issues a one-year note for the amount of $5.0 million. Interest is payable at maturity. Required: Determine the amount of interest expense that should be recorded in a year-end adjusting entry under each of the following independent assumptions: (Enter your answers in dollars, not in millions (i.e. 5 should be entered as 5,000,000).)
Answers
Answer:
December 31 $300,000
September 30 $125,000
October 31 $ 150,000
January 31 $ 175,000
Explanation:
Calculation to determine the amount of interest expense that should be recorded in a year-end adjusting entry
Calculation for December 31 Interest expense at interest rate of 12 %
Interest expense=$ 5,000,000 × (12/100) × (6 /12)
Interest expense=$5,000,000 × 0.12 × 0.5
Interest expense= $ 300,000
Calculation for September 30 Interest expense at interest rate of 10 %
Interest expense=$5,000 000 × (10/100) × (3/12)
Interest expense=$5,000 000 × 0.10 × 0.25
Interest expense= $ 125,000
Calculation for October 30 Interest expense at interest rate of 9%
Interest expense=$5,000 000 × (9/100) × (4/12)
Interest expense=$5,000 000 × 0.09 × 0.33
Interest expense= $ 150,000
Calculation for January 31 Interest expense at interest rate of 6%
Interest expense= $5,000 000 × (6/100) × (7/12)
Interest expense=$5,000 000 × 0.06 × 0.583
Interest expense= $ 175,000
Therefore the amount of interest expense that should be recorded in a year-end adjusting entry are:
Interest rate Fiscal year-end Interest expense
12% December 31 =$300,000
10% September 30 =$125,000
9% October 31 =$150,000
6% January 31 =$175,000
Banking requirements
Use the information presented in Midwestern Mutual Bank's balance sheet:
Bank's Balance Sheet
Assets Liabilities and Owners' Equity
Reserves $200 Deposits $675
Loans $800 Debt $250
Securities $1,000 Capital (owners' equity) $1,075
Suppose a new customer adds $100 to his account at Midwestern Mutual Bank, which the owners of the bank then use to make $100 worth of new loans. This would increase the loans account and___the___account. This would also bring the leverage ratio from its initial value of___to a new value of__. Which of the following do bankers take into account when determining how to allocate their assets?
A. The total value of liabilities.
B. The size of the monetary base.
C. The return on each asset.
Answers
Answer and Explanation:
In the case when the new customer added $100 to his account so this would rise the loan amount also at the same time it increased the reserve and debt account
The leverage ratio is
= Total asset ÷ equity
= $2,000 ÷ $1,075
= 1.8604
Now the new leverage ratio is
= $2,000 + $100 ÷ $1,075
= 1.9534
So the initial leverage ratio is 1.86 to the new value of 1.95
The bankers should taken into account for distributing the asset is return on each asset
Increased skepticism about the role of the Federal Reserve as well as the spread of misinformation (e.g., that increasing the money supply devalues the dollar and amounts to counterfeiting) have led some politicians to propose that the Federal Reserve be abolished. If this happens, monetary policy would essentially cease to exist as the money supply would no longer be flexible. This was the case about 50 years ago when the money supply was still tied to the amount of gold in reserves.
Given your knowledge of the role of the Federal Reserve (the Fed), identify potential risks to the economy if the Fed is abolished.
Choose each statement that represents a potential risk to the economy if the Fed is abolished.
a. There would be a lack of management of cash in circulation.
b. During a panic, banks could be forced into insolvency.
c. Fluctuations in the business cycle could increase in frequency and severity.
d. There would be an inability to increase or decrease government spending.
Answers
Answer:
a. There would be a lack of management of cash in circulation.
b. During a panic, banks could be forced into insolvency.
c. Fluctuations in the business cycle could increase in frequency and severity.
Explanation:
The Fed manages the money supply and if there is absence so it would create a serious mismanagement of the money supply. In addition to this, fed is the last resort lender and if it is not present than there would be the high chances of failure of banks. Also, the Fed would help in smoothening the business cycles via having monetary policies
Therefore the above 3 statements represent the potentital risk
The way the staff looks tells the customer a great deal about the way the organization is managed.
True
False
Answers
Transformational leaders enhance performance of employees by ________. A. focusing on short-term goals for employees B. restricting creativity among employees C. establishing goals, roles, and requirements D. instilling pride in employees E. abdicating all responsibility to employees
Answers
Answer:
D. instilling pride in employees
Explanation:
Transformational leadership is a leadership style where there is a leader capable of motivating and encouraging each employee to develop their skills and thus become more productive and confident in their work. The transformational leader is the one who inspires through his personal example, he is the one who is always willing to help and collaborate with the success of each individual in a team.
Therefore, this is a very positive leadership style for organizations, as the leader is the maximum figure capable of inspiring, motivating and contributing to the creation of an organizational culture focused on creativity, collaboration, valuing work and productivity.
The Wilmoths plan to purchase a house but want to determine the after-tax cost of financing its purchase. Given their projected taxable income, the Wilmoths are in the 24% Federal income tax bracket and the 8% state income tax bracket (i.e., an aggregate marginal tax bracket of 32%). Assume that the Wilmoths will benefit from itemizing their deductions for both Federal and state purposes. The total cash outlay during the first year of ownership will be $33,200 ($3,320 principal payments, $29,880 qualified residence interest payments).
As a result, the annual after-tax cost of financing the purchase of the home will be $_____________?
Answers
Answer:
the annual after-tax cost of financing the purchase of the home is $23,638.40
Explanation:
The computation of the annual after-tax cost of financing the purchase of the home is shown below:
= Installment amount - tax saving
= $33,200 - ($29,880 × 32%)
= $33,200 - $9,561.60
= $23,638.4
hence, the annual after-tax cost of financing the purchase of the home is $23,638.40
We simply applied the above formula
Hilton Company manufactures two products: Product A100 and Product X500. The company currently uses a plantwide overhead rate based on direct labor-hours. The Hilton Company is considering implementing an activity-based costing (ABC) system that allocates its manufacturing overhead to four cost pools. The following additional information is available for Hilton Company as a whole and for Products A100 and X500.
Activity Cost Pool Activity Measure Estimated Overhead Cost Expected Activity
Machining Machine-hours $231,000 11,000 MHs
Machine setups Number of setups $180,000 300 setups
Production design Number of products $94,000 2 products
General factory Direct labor-hours $260,000 13,200 DLHs
Activity Measure Product Y Product Z
Machine-hours 8,000 3,000
Number of setups 60 240
Number of products 1 1
Direct labor-hours 7,000 6,200
Required:
a. What is the company’s plantwide overhead rate?
b. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z?
c. What is the activity rate for the Machining activity cost pool?
d. What is the activity rate for the Machine Setups activity cost pool?
e. What is the activity rate for the Product Design activity cost pool?
Answers
Answer:
Results are below.
Explanation:
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 765,000 / (7,000 + 6,200)
Predetermined manufacturing overhead rate= $57.95 per direct labor hour
Now, we can allocate overhead to each product:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Product Y:
Allocated MOH= 57.95*7,000= $405,650
Product Z:
Allocated MOH= 57.95*6,200= $359,390
Finally, the allocation rates based on ABC:
Machining= 231,000 /11,000= $21 per machine hour
Machine setups= 180,000/300= $600 per setup
Production design= 94,000 / 2= $47,000 per product
Which do you feel is the best organization form for a political speech and why?
Answers
Answer:
is there any options
Explanation: