BUSINESS COLLEGE

Gibson Valves produces cast bronze valves on an assembly line, currently producing 1600 valves each 8-hour shift. If the productivity is increased by 10%, it would then be A) 180 valves/hr

B) 200 valves/hr

C) 220 valves/hr

D) 880 valves/hr

E) 1760 valves/hr

Answers

Answer 1
Answer:

Answer:

C) 220 valves/hr

Explanation:

Gibson Valves currently producing 1600 valves each 8-hour shift, then its current productivity is 200 valves per hour.

If the productivity is increased by 10%, it would then be 220 valves per hour =

200 *(1+10%)
Answer 2
Answer:

Final answer:

The productivity after a 10% increase would be 1760 valves/hr.

Explanation:

To calculate the productivity after a 10% increase, we need to find 10% of the current productivity and add it to the current productivity. First, we need to calculate 10% of 1600 valves, which is 160 valves. Then we add this to the current productivity of 1600 valves to get the new productivity, which is 1760 valves.

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A borrower signs the note and mortgage for a re-finance on his principal residence on Thursday, Dec. 31. What is the earliest day the funds for this loan could be disbursed (assuming no bona fide financial hardship)?

Answers

Answer: The earliest the funds could be disbursed would be Wednesday the 6th.

Explanation:

Federal holidays and Sundays are not counted when considering the 3business days rescission period for loans principal residences. The borrower has the opportunity till midnight on these 3 business days after landing papers are signed, the days are Saturday, Monday and Tuesday. With this consideration's, the earliest the funds could be disbursed would be Wednesday the 6th.

Tim, who is subject to a 35 percent marginal gift tax rate, made a gift of a painting to Ben, valuing the property at $7,000. The IRS later valued the gift at $15,000. Compute the applicable undervaluation penalty.

Answers

Answer:

The undervaluation penalty is $560

Explanation:

Solution

Under valuation penalty applied when a person valued assets understated to save tax.

The undervaluation reduces the tax and hence comes with accuracy related penalty.

From the example, Tim undervalued the gift of $7,000 which is valued at $15,000 by IRS.

The deduction is undervalued for more than 150% and hence penalty is assessed. this is so because the income tax valuation is lower than 40%, so the penalty rate is 20%

Thus,

The calculation of overvaluation penalty is given below:

Undervaluation = $8000

Tax rate = 35%

Tax amount = $2,800

Penalty rate = 20%

Penalty on undervaluation is =$560

Therefore, the undervaluation penalty is $560

The cost of speeding relates crashed in 2008 accounted for per second

Answers

Answer:

Thanks for the fact

Explanation:

Can I have brainliest pls?

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Answers

Answer:

a) If the homeowner has the $6000 available for the project, what would the cost of electricity from the power company need to be greater than ($/kW-hr) to make the project viable if other investments are providing 8% interest. ($0.0545/kW-hr)

we can use the present value of an annuity formula:

PV = monthly savings x annuity factor

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monthly savings = $6,000 / 129.52005 = $46.3249

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b) If the homeowner had to borrow the $6000 from the bank at 5% interest for 10 years (monthly payments) what would the cost of electricity need to be greater than in $/kWhr from the power company to make the project viable if other investments are providing 8% interest. ($0.0476/kW-hr)

the monthly payment to cover the loan = PV / annuity factor

  • PV = $6,000
  • Annuity factor, 120 periods, 0.4167% = 94.28033

monthly payment = $6,000 / 94.28033 = $63.64

price of kW-hr = $63.64 / 850 = $0.074870588 ≈ $0.0749

Huish Awnings makes custom awnings for homes and businesses. The company uses an activity-based costing system for its overhead costs. The company has provided the following data concerning its annual overhead costs and its activity cost pools: Overhead Costs:
Production overhead $150,000
Office expense 100,000
Total $250,000

Distribution of resource consumption:

Activity Cost Pools
Making Awnings Job Support Other Total
Production overhead 45% 40% 15% 100%
Office expenses 8% 65% 27% 100%

The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs. The amount of activity for the year is as follows:

Activity Cost Pool Annual Activity
Making awnings 5,000 metres
Job support 200 jobs
Other Not applicable

Prepare the first-stage allocation of overhead costs to the activity cost pools

Answers

Answer and Explanation:

The preparation of the First stage allocation of overhead costs to the activity cost pools  is presented below

Particulars                   Making awnings  Job Support      Other   Total

Production Overhead $67,500           $60,000      $22,500 $150,000

Office Expenses       $8,000           $65,000      $27,000 $100,000

The production overhead is allocated in 45% 40%, 15% and 100%

And,

The office expenses is allocated in 8%, 65%, 27% and 100%

The same is shown above

How would the issuance of a mortgage note in exchange for a building be reported on the statement of cash flows? A. Noncash finenctng and Investing actvity
B. Investing actvity
C. Operating activity
D. Financng activity

Answers

Answer:

A. Noncash financing and Investing activity

Explanation:

The Cash Flow Statement records all Cash related transactions and used to determine the movement in the Balance of Cash and Cash Equivalent. When mortgage note is issued in exchange of a building, this is simply an Exchange of Assets without the movement of cash. Non - Cash activities are not shown in the Cash Flow Statement.
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