Answer:
O administering compensation
Explanation:
The human resources department or the HR is the department responsible for employees' management in an organization. Employees are the human resources in the organization. The HR's main task is to attract, train, and retain the best employees for the company.
Other functions of the Human resources department include
Answer:
$136,363
Explanation:
For computing the willing amount to pay, first we have to determine the expected cash flow that is shown below:
Expected cash flow is
= $80,000 × 0.5 + $220,000 × 0.5
= $40,000 + $110,000
= $150,000
Now the willing amount is
= Expected cash flow × 1 ÷ (1 + risk free investment + risk premium)
= $150,000 × 1 ÷ (1 + 10%)
= $150,000 × 0.9090
= $136,363
a. Compute the cash payback period. (Round answer to 1 decimal place, e.g. 10.5.)
b. Compute the annual rate of return on the proposed capital expenditure. (Round answer to 2 decimal places, e.g. 10.52%)
c. Using the discounted cash flow technique, compute the net present value.
Answer:
Payback period = 3.6 years
Annual rate of return = 11.50%
NPV = 243.59
Explanation:
The payback period: The estimated number of years it will take the initial cost to be recouped.
Payback period= initial cost/ Net cash inflow
= 183,600/51,000
= 3.6 years
Annual rate of return is the average annual income as a percentage of average investment
Annual rate of return = annual net income/ average investment
Average investment =( Initial,cost + scrap value)/2
= (183,600 + 0)/2 = 91,800
Annual rate of return = (10,557/91,800)× 100
= 11.50%
Net Present Value = The present value of cash inflow less the initial cost
PV of cash inflow = A × (1- (1+r)^(-n))/r
= 51,000 × (1- (1.12)^(-5)/0.12
= 183,843.59
NPV = 183,843.59 - 183,600
= 243.59
Answer:
$168,000
Explanation:
Depreciation expense using the double declining method = Depreciation factor x cost of the asset
Depreciation factor = 2 x (1/useful life)
Depreciation factor = 2 x (1/10) = 0.2
depreciation expense in year 1 = 0.2 x $1,050,000 =$210,000
book value at the beginning of year 2 = $1,050,000 - $210,000 = $840,000
depreciation expense in year 2 = 0.2 x $840,000 = $168,000
2. Issued $1,050 of supplies from the materials inventory.
3. Purchased $25,100 of materials on account.
4. Paid for the materials purchased in the transaction (1) using cash.
5. Issued $30,100 in direct materials to the production department.
6. Incurred direct labor costs of $25,500, which were credited to Wages Payable.
7. Paid $21,600 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing shop.
8. Applied overhead on the basis of 110 percent of direct labor costs.
9. Recognized depreciation on manufacturing property, plant, and equipment of $5,100.
The following balances appeared in the accounts of Sunset
Products for March:
Beginning Ending
Materials Inventory $9,150 _____
Work-in-Process Inventory $16,600 _____
Finished Goods Inventory $65,100 $36,600
cost of goods sold $73,100
Prepare T-Accounts to show the flow of costs during the period from materials inventory through the cost of goods sold.
Sunset products
Journal entry
1. Dr Material 20500
Cr Account payable 20500
(Material purchased on account)
2. Dr work in process 1050
Cr Material 1050
(material issued)
3. Dr Material 25100
Cr Accounts payable 25100
( Material purchased on account )
4. Dr Accounts payable 20500
Cr Cash 20500
(Paid for material purchased on account)
5. Dr Work in process 30100
Cr Material 30100
( Direct material issued to production department)
6. Dr Work in process 25500
Cr Wages payable 25500
( Direct labor cost incurred)
7. Dr Factory overhead 21600
Cr Cash 21600
( Paid cash for utilities)
8. Dr Work in process (25500*110%) 28050
Cr Applied overhead 28050
(Applied overhead)
9. Dr Factory overhead 5100
Cr Accumulated depreciation 5100
(To record depreciation)
T-account
Work in process Material
Dr___________Cr____ DR ___________CR
16600------ 9150 -----
1050 ----- 20500 ---- 1050
30100 ----- 25100--- 30100
25500---
28050---
Accounts payable Cash
Dr____________Cr_ DR ___________Cr
--- 20500 ---- 20500
----- 25100 ----21600
20500-----
Factory overhead Wages payable
Dr ____________Cr Dr _____________Cr
21600---
-----25500
5100---
Applied factory overhead Accumulated depreciation
Dr_____________Cr Dr ___________Cr_
----28050 ---5100
Cost of goods sold Finished goods
Dr_____________Cr Dr ______________Cr
( open) 65100 ---
101300 --- 36600 (end)
Dr Finished goods 101300
Cr Work in process 101300
(move work in process to finished goods)
Dr Cost of goods sold 129800
Finishd goods 129800
(move finished goods to cost of goods sold)
The firm’s capital structure Tax rates
The general level of stock prices
Answer:
The firm’s capital budgeting decision rules
The firm’s capital structure.
Explanation:
Capital budgeting is a term used to describe the proposed amount which a company has decided to set aside in the fort coming year to be spent on infrastructures or capital projects.
An organisation has the power to control its Capital budget, it also has the power to control its decision rules and it Capital structures (the contents of a company's capital spending).
A FIRM CAN NOT CONTROL THE TAX RATES AND THE GENERAL LEVEL OF STOCK PRICE WHICH ARE CONTROLLED BY GOVERNMENT AND EXTERNAL FORCES.
Analyze the inventory accounts to determine:
1. Cost of raw materials purchased during the year.
2. Cost of goods manufactured for the year.
3. Cost of goods sold for the year.
4. Cost of raw materials purchased during the year.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
True Fit incurred total manufacturing costs of $24.500.000. Of this amount. $3,000,000 was direct materials used and $16, 800,000 was direct labor. Beginning balances for the year were Raw Materials Inventory. $900,000. Work-in-Process Inventory. $600,000; and Finished Goods Inventory. $1, 300,000. At the end of the year, balances were Raw Materials inventory. $800,000; Work-in-Process Inventory. $1, 700,000; and Finished Goods inventory. $390,000.
1) Raw material used= beginning inventory + purchases - ending inventory
3,000,000= 900,000 + purchases - 800,000
2,900,000= purchases
2) cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 600,000 + 24,500,000 - 1,700,000= $23,400,000
3) COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 1,300,000 + 23,400,000 - 390,000= $24,310,000