Answer: True
Explanation:
The balanced scorecard perspective implies that the company has to satisfy their customer through the provision of quality products and services.
From the question, the target of increasing customers satisfaction is a good example of a performance target that is focused on customer's perspective of the balance scorecard. This means that the statement is true.
Answer:
Total= $34,000
Explanation:
Giving the following information:
West Units produced and sold 31,000 units
Selling price per unit $ 6
Variable costs per unit 2
Direct fixed cost 49,000
Common fixed cost 41,000
Segment margin:
Sales= 186,000
Variable costs= 62,000
Direct fixed costs= 49000
Common fixed costs= 41000
Total= $34,000
B. a surplus of aisle seats and a shortage of middle seats
C. a shortage of middle seats and the equilibrium quantity of aisle seats
D. a shortage of aisle seats and the equilibrium quantity of middle seats
Answer:
The correct answer is option (D) A shortage of aisle seats and the equilibrium quantity of middle seats
Explanation:
An aisle seat in a plane is one which is situated at the end of a row and is always adjacent to the aisle. It it mostly preferable to other seats in the plane.
The middle seat is situated at the middle position.
From the question, if the price for the aisle and middle seat are between P1 and P2, passengers will demand for the aisle seat first which will lead to a shortage in aisle seat. Only then will the middle seat be demanded for until it reaches equilibrium with the aisle set.
Answer:
warranty liability $ 130,000
Explanation:
the warrant liability will de clared based on sales volume and the expected warranty expenditures associate with sales.
This is done to match the expenses of the warranty with the period on which are generated. If don't further period will have expenditures which related to sales of prior periods.
Having said that we proceeds:
warranty liability:
15,000,000 x 1% = 150,000
warranty expenditures (20,000)
net 130,000
the company still spect this sales will generate additioal warranty expenditres for 130,000 dollars. this is a liability.
Based on an expected 1% of sales as warranty costs, Right Medical should report a warranty liability of $130,000 at year-end, subtracting the actual costs ($20,000) from the expected costs ($150,000).
The question revolves around estimating the warranty liability that Right Medical should report at the end of the year after introducing a new implant with a five-year warranty. Based on industry standards, warranty costs are expected to be 1% of sales. The company did indeed incur actual warranty expenditures of $20,000, however, the expectation based on sales would be $150,000 (1% of $15 million). Since the actual expenditures are lower than expected, the company should report the difference between the expected cost (calculated as 1% of sales) and the actual cost as the warranty liability. Therefore, Right Medical should report a liability of $150,000 - $20,000 = $130,000 at the end of the year.
#SPJ3
Answer:
the answer is in the explanation
Explanation:
particulars cost retail
beginning inventory $17,564.00 $42,500.00
purchases $51,500.00 $88,500.00
purchases returns $-2,100.00 $ -3,000.00
freight on purchsases $2,600.00
total $69,564.00 $1,28,000.00
(+) markups $10,100.00
(-)markup cancellation $ -1,700.00
COST OF GOODS AVAILABLE $69,564.00 $1,36,400.00
FOR SALE
(+) mark downs $-9,800.00
(-) markdown cancellations $2,900.00
sale price of goods available $69,564.00 $1,29,500.00
for sale(A)
(-) net sales($106300-$2100)(B) 104200
ending inventory at retail price $25,300.00
(A-B)
ENDING INVENTORY BY CONVENTIONAL RETAIL INVENTORY METHOD
COST OT RETAIL RATIO= 69567/136400*100 51%
ENDING INVENTORY= 25300*51% $12,903.00
ENDING INVENTORY AT LIFO RETAIL INVENTORY METHOD
COST(A) RETAIL PRICE(B) COST TO RETAIL
RATIO(A/B)
BEGINNING INVENTORY 17564 42500 41%
COST OF GOODS 69564 136400 51%
AVAILABLE FOR SALE
ENDING INVENTORY LAYERS AT COST TO ENDING LIFO
PRICE RETAIL PRICE RETAIL RETAIL
RATIO COST
(A) (B) (A)*(B)
$25,300.00 OPENING $ 42,500.00 41% 17425
CLOSING $ -17,200.00 51% -8772
$ 25,300.00 8653
ENDING INVENTORY AT LIFO RETAIL INVENTORY METHOD=$8653
The estimated ending inventory for Cullumber’s Boutique using the conventional retail inventory method is approximately $15,171. This is calculated by adjusting the beginning inventory at retail price, computing the cost-to-retail ratio, and applying it to the ending inventory at the retail price.
To compute the ending inventory using the conventional retail inventory method, we first need to adjust the beginning and ending inventory to account for the markups, markdowns, and returns.
Firstly, we calculate the adjusted beginning inventory by taking the beginning inventory at the retail price and subtracting markdowns, markdown cancellations, and adding markups and markup cancellations:
Next, we add the net purchases at the retail price to the adjusted beginning inventory to determine the Goods Available for Sale at retail price:
Afterward, we subtract the sales and sales returns at retail price to get the ending inventory at the retail price:
Lastly, to convert the ending inventory from retail price to cost, we use the cost-to-retail ratio:
The estimated ending inventory at cost using the conventional retail inventory method is approximately $15,171.
#SPJ3
Answer: a. Capital expenditure
b. Revenue expenditure
c. Revenue expenditure
d. Capital expenditure
Explanation:
Capital expenditures are usually huge expenditure on fixed assets such as land or building and they re usually incurred to generate revenue for the business.
Revenue expenditures are usually for short term basis and are operating expenses, that us required to run the business daily.
Based on the above explanation, the answers to the following will be:
a. Paid $78,000 cash to replace a motor on equipment that extends its useful life by four years. - Capital expenditure
b. Paid $390 cash per truck for the cost of their annual tune-ups. - Revenue expenditure
c. Paid $312 for the monthly cost of replacement filters on an air-conditioning system. - Revenue expenditure.
d. Completed an addition to a building for $438,750 cash. - Capital expenditure
Check the attachment for the journal entry
The $78,000 equipment motor replacement and the $438,750 building addition are capital expenditures. The $390 truck tune-ups and the $312 for air-filter replacements are revenue expenditures. Relevant journal entries: 'Equipment' debited and 'cash' credited $78,000, then 'Building' debited and 'cash' credited $438,750.
The transactions can be classified as either a revenue expenditure or a capital expenditure. 1. Paying $78,000 cash to replace a motor on equipment that extends its useful life by four years and completing an addition to a building for $438,750 cash are considered capital expenditures because they are significant investments that will benefit the company for more than one accounting period. 2. Paying $390 cash per truck for the cost of their annual tune-ups and paying $312 for the monthly cost of replacement filters on an air-conditioning system are both classified as revenue expenditures because they only benefit the current accounting period. The journal entries to record transactions A and D would be: Equipment (Debit $78,000), Cash (Credit $78,000) and Building (Debit $438,750), Cash (Credit $438,750).
#SPJ3
Answer: 1.15
Explanation:
Premium = 39%
Thor's share price = $42
The compensation to shareholders will be:
= $42 + ($42 × 0.39)
= $42 + $16.38
= $58.38
Loki's share price = $51
We then calculate the exchange ratio which will be:
= $58.38 / $51
= 1.15
Loki will need to offer an exchange rate of 1.15.