Answer:
The analysis indicates that Gator should manufacture gloves and mittens otherwise loss will be increased by $24,900
Explanation:
Given Data:
sales = $489,000,
variable expenses = $360,000
fixed expenses = $140,000.
Continue Eliminate Net Income
Increase (Decrease)
Sales $489,000 0 -$489,000
Variable costs $360,000 0 $360,000
Contribution margin $129,900 0 -$129,900
Fixed costs 140,000 $35,000 $105,000
Net income -$10,100 -$35,000 -$24,900
The analysis indicates that Gator should manufacture gloves and mittens otherwise loss will be increased by $24,900
2. Prepare the necessary journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
1. Record compensation expense on December 31, 2016.
2. Record any tax effect related to compensation expense recorded in 2016.
3. Record compensation expense on December 31, 2017.
4. Record any tax effect related to compensation expense recorded in 2017.
5. Record the exercise of the options on March 20, 2021 when the market price is $12 per share.
6. Record any tax effect related to the exercise of the options.
Answer:
Explanation:
1. Determine the total compensation cost pertaining to the stock option plan:-
Estimated fair value per option $2
X Option granted 40 million
Total compensation $ 80 million
Answer:
-1.67
Explanation:
Given that,
Q = 120 - 1.25p
Initial price, p = $60 per unit
Initial quantity, q = 45 units
Q = 120 - 1.25p
Now, differentiating Q with respect to price,
dQ/dp = -1.25
Therefore,
Price elasticity of demand:
= (dQ/dp) × (p ÷ q)
= -1.25 × (60 ÷ 45)
= -1.25 × 1.33
= -1.67
This means that the demand is elastic.
Answer:
a. 162,750 gallons
b. 168,000 gallons
Explanation:
Step 1 Determine the Units of Closing Work In Process Inventory
Units of Closing Work In Process = Beginning inventory units + units Started this month - units Transferred out
= 30,000+180,000-157,500
= 52,500
Step 2 Determine the equivalent units for materials
Note : materials are 10 percent complete in Units of Closing Work In Process
Units of Closing Work In Process ( 52,500 ×10%) = 5,250
Units Transferred out ( 157,500 ×100%) =157,500
Total =162,750
Step 3 Determine the equivalent units for conversion costs
Note : conversion costs are 20 percent complete in Units of Closing Work In Process
Units of Closing Work In Process ( 52,500 ×20%) = 10,500
Units Transferred out ( 157,500 ×100%) =157,500
Total =168,000
Answer:
The equivalent units for conversion costs using the weighted-average method are 168,000
The equivalent units for materials using the weighted-average method are 162,750
Explanation:
onlon Chemicals
Equivalent units can be calculated by the following
Particulars Units % of Completion Equivalent Units
Mat. Con. Costs Materials C. Costs
Transferred out, 157,500 100 100 157,500 157,500
Ending inventory, 52,500 10 20 5250 10,500
Total Equivalent Units 162,750 168,000
Working
Ending Inventory= Opening + Started - Transferred Out
Ending Inventory=30,000 +180,000 -157,500 = 52,500 gallons
The equivalent units are calculated by two ways either by adding ending inventory and transferred out units or by adding beginning inventory with units started.
b. 8
c. 4
d. 2
Answer:
The predicted growth rate is compared at -2%
Explanation:
To calculate growth rate, G.R = X()
In the 1960s,
The carrying capacity of the earth = 13 billion
Earth's population = 3 billion
X =
X =
X = 0.021 × 0.77
X = 0.01617 = 1.6%
Current population calculation:
Growth Current population (C.p) =
Growth Current population (C.p) = 0.016
Growth Current population (C.p) = 0.016(-1.267)
Growth rate = -0.020272 = -2%
The predicted growth rate compare to the actual growth rate of about 1.2% per year at -2%.
Answer:
the expected return is Coca-Cola stock offering is 7.3%
Explanation:
The computation of the expected return is shown below:
Expected return is
= (D1 ÷ Current price) + Growth rate
= [($1.76 × 1.04) ÷ 55.55] + 0.04
= (1.8304 ÷ 55.55) + 0.04
= 7.3%
Hence, the expected return is Coca-Cola stock offering is 7.3%
The same is to be considered
We simply applied the above formula