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Related Questions
Right Medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. Based on industry experience with similar product introductions, warranty costs are expected to approximate 1% of sales. Sales were $15 million and actual warranty expenditures were $20,000 for the first year of selling the product. What amount (if any) should Right report as a liability at the end of the year? (Enter your answers in whole dollars.)
Ricky is not in a consumer equilibrium. Given the prices of goods, Ricky has allocated all his income such that his marginal utility per dollar spent is ________ for ________ goods.
The risk-free rate is 4.2%, and the expected return on the market is 10%. A publicly-traded bond promises to return 8%. The expected return on the bond investment is 5.5%. What is the bond's implied beta?a) 0.45b) 0.22c) 0.73d) 1.38
Variance Analysis Question The Glass Vessel Company has established the following budget for producing one of its handblown vases: Materials (silica) 2 pounds @ 1.25 per pound Labor 1.5 hours @ $15.00 per hour In March of the most recent year, Glass Vessel produced 300 vases using 650 pounds of materials. Glass Vessel purchased the 650 pounds of materials for $845. Actual total labor costs for March were $7,200, which entailed 480 hours of labor. Please answer both of the following questions:Materials (silica) 2 pounds @ 1.25 per poundLabor 1.5 hours @ $15.00 per hour1. What was Glass Vessel’s flexible budget variance for materials in March? (As part of your answer, please indicate whether this variance was favorable or unfavorable.)2. What was Glass Vessel’s labor efficiency/usage variance for March? (As part of your answer, indicate whether this variance was favorable or unfavorable.)Must show work
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Answer:
total overhead cost = $110,000
so correct option is c. $110,000
Explanation:
given data
used = 100 setups
direct labor-hours = 1000
to find out
What is the total overhead cost assigned to Product A
solution
we get total overhead cost that is express as
total overhead cost = [ $100 per machine setup × 100 setups ] + [ $15 per machine-hours × 0 special processing ] + [ 10 per direct labor-hour × 10,000 direct labor-hours ]
so
total overhead cost = $10,000 + $0 + $100,000
total overhead cost = $110,000
so correct option is c. $110,000
B. Stockholders do not have the power to bind the corporation to contracts.
C. It has a continuous life.
D. Transfer of ownership rights among owners generally does not impact equity.
E. Compared to other forms of organization- capital (financing) is more difficult to accumulate.
F. Generally there is no double taxation on corporate income that is distributed to owners.
G. It is not a separate legal entity from its owners.
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Answer:
1. Directors oversee its business affairs
This statement is true. Infact in an organization there are more than 1 director, generally 1 director for each department. So yes they look after business affairs
2. Ownership is usually transferred readily
This statement is true. Even in the case of public company, shares traded will take 2 to 5 business days to settle. However once the trade is done, ownership is considered transferred.
3. This is true. Stockholders have voting rights in rather bigger events such as acquisition, merger etc but not an day to day activities such as contracts.
4. Any corporation is established to continue forever. This is true.
5. This is false. Generally a corporate gets financing easily compared to other form of financing.
6. Income distributed to owners is taxed again as personal income. And income distributed is an after tax income from organization. So double taxation exist. This is false.
7. Assets of the corporation are collatarized for debt and not owner assets. So Owner is not liable. This is false.
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Answer:
The correct answer is 35%.
Explanation:
According to the scenario, the computation of the given data are as follows:
We can calculate the Weighted average contribution margin ratio by using following formula:
weighted-average contribution margin ratio = (Contribution margin ratio × Sales of sporting goods) + (Contribution margin ratio × Sales of sporting gears)
= ( 30 × 75% ) + ( 50 × 25%)
= 22.5% + 12.5%
= 35%
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Answer:
The basis for classifying assets as current or non-current is conversion to cash within
B. the operating cycle or one year, whichever is longer.
Explanation:
Assets are of two types, current assets, and non-current assets. Current assets are the assets which are placed on the list of the balance sheet of the company. Within one fiscal year, the current assets are expected to be converted into cash. On the other hand, non-current assets are the assets are long term asset of the company. They cannot be converted into cash in one fiscal year.
a. True
b. False
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Btw that's a picture of me.
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Answer:
The correct answer is b. Total revenue will fall.
Explanation:
The equation for the price elasticity of demand (PED) is ε =
where Q represents the quantity, P represents the price and d represents variation.
If the demand for a product is highly elastic, mathematically it means that the PED in absolute value is greater than 1.
|ε| > ⇒ |ε| > 1
Economically that means that the quantity demanded of that product will decrease more than proportionally to the increase in price of that same product. In other words, the company will experience that a increase in price of its product raises the revenue for each unit sold, but given that the PED is highly elastice an increase in price reduces the number of units actually sold to the extent the company's total revenue actually falls.