18,100 V 14,910 V
Q: Calculate: where x=1.0315, and n=31
A: x= 1.0315 n= 31 Calculate xn
Q: What is the value of (A/G, 3.3%, 10)? a. 3.3297 b. 4.2326 O c. 4.5050 d. 4.0220 e. 5.0117
A: Annuity refers to series of equalized payments that are either made at start or end specific…
Q: Select the correct response: O P(79,360) O P24,750 O P79,360 O PO
A: Due to dividend declared there would be decrease in the retained earning due to which value of…
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A: EVA = NOPAT- WACC ( Total Assets - Current Liabilities ) WACC = ( Weight of Equity x Cost of Equity…
Q: mber 31, 20x1. contract revenue will Krabs recognize in 20x1? c. 80,747 d. 0 a. 60,747 b. 79,132 TI
A: Contract revenue recognition is a generally accepted accounting principle (GAAP) that helps in…
Q: $175,500
A: Activity-based costing is a costing method where the indirect cost is assigned to the jobs or…
Q: 54,70
A: Since Joker Corporation adopted cash method to recognise the profit hence cost of goods purchased…
Q: nny's $25,0
A: Statement of cash flows: The statement of cash flows records all the sources and use of the cash in…
Q: ɪɪɪ. ʀᴇᴀᴅ ᴇᴀᴄʜ ꜱᴛᴀᴛᴇᴍᴇɴᴛ ᴄᴀʀᴇꜰᴜʟʟʏ. ᴍᴀᴛᴄʜ ᴄᴏʟᴜᴍɴ ᴀ ᴡɪᴛʜ ᴄᴏʟᴜᴍɴ ʙ. ᴡʀɪᴛᴇ ᴛʜᴇ ʟᴇᴛᴛᴇʀ ᴄᴏʀʀᴇꜱᴘᴏɴᴅɪɴɢ ᴛʜᴇ…
A: Shares are units of equity investment into the companies which provide a part of the ownership of…
Q: Multiple Choice $28,350. $30,120. $49,395.
A: solution calculation of activity rate Activity Cost Cost driver Budgeted activity level…
Q: PROBLEMI: Engr. Cl= to 97,000
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Q: 300 140 1% / 10 30
A: A- 30 days pay before the account is overdue If take full period then you have to remit(300*140).=…
Q: ɪɪ. ʀᴇᴀᴅ ᴇᴀᴄʜ ꜱᴛᴀᴛᴇᴍᴇɴᴛ ᴄᴀʀᴇꜰᴜʟʟʏ. ɪᴅᴇɴᴛɪꜰʏ ᴛʜᴇ ꜰᴏʟʟᴏᴡɪɴɢ ᴡʜᴇᴛʜᴇʀ ɪᴛ ɪꜱ ᴀ “ʙᴏɴᴅ” ᴏʀ “ꜱᴛᴏᴄᴋ”, ᴛʜᴇɴ…
A: Bond A bond is type of debt instrument which includes a promise by a borrower that the principal…
Q: What is the value of (F/G, 3.2%, 7)? O a. 17.7723 O b. 22.1565 O c. 2.8741 O d. 1.2467 O e. 7.7090
A: Gradient is the constant change in periodic cash flows, starting from end of period 2.
Q: W 2. 3 4 5 6 7. 8 9 10 | E 3,000
A: In this we have to find out the present value of outflow and present value of inflows.
Q: $23,160. $40,560. $58,950. $72,432.
A: Statement Showing Calculation Of Equivalent annual net present value(EANPV): Particulars Machine…
Q: 98. L
A: Stock Split: It is a situation wherein management increase the number of share by issuing more share…
Q: Od. 115,400
A: Variance refers to the measurement of volatility. It should be calculated by taking the average of…
Q: be-1 17,400 $65 pe-2 Total 26,100 $50 38,100 $ 75 s00,000 1,600 s 124,000 17,400 $58,000 5267,000…
A: Joint cost allocated to DDB-1 = total joint cost / total units * units of DDB-1
Q: O P 6,999.39
A: Compound interest is used in case of lump-sum money accumulates in the future if interest is charged…
Q: $. 5.00.000. V
A: Given information : Current ratio = 1.5 : 1 Net current assets = $5,000,000
Q: ds 6,3 86,5 ards ceived
A: A company's financial status at a given point in time is summarized on the balance sheet. The income…
Q: a) O 6,14 b) O 5,14 C) O 7,14 80308 d) 4,14
A: Years to double the present value of money can be found out using interest rate and compounding of…
Q: 97,004 54,803
A: 97004 minus 54803
Q: What is i with the given, G = $7,500, P= $254,110, and n=10? Select one:
A: G is gradient, PV is present value, i is interest rate and n is time period
Q: 202 UIRE
A: In this ore mining business revenue is earned by extracting ores from mines .…
Q: How much (in $)? $ 52,747
A: Step 1 When tax is paid more than the tax liability, then it generates the refund of tax to tax…
Q: Select one: a. $1,449,334 b. 579,360 C. $115.594 d. $1,108,432 e. $147.332
A: interest rate =9.25 semiannual =4.625 Period =15 years Period =30 semiannual Present value FACTOR…
Q: ple Choice $56,625. $64,110. $56.110. $28,800
A: In this we have to calculate the present value of future value.
Q: How do i get 4.8% and $186,974.50 and $566,975?
A: Debt restructuring is a procedure by which the company which is unable to pay off its debt gives…
Q: C. $5,831 O d. $4,540.05
A: The worth of money changes with time, therefore the TVM considers the value of money according to…
Q: 14. Determine the numerical value of the factor (F/A, 5%, 10). A 0.1295 B 0.0795 12.5779 D 7.7217
A: Future value is the value of a certain sum of money in the future. The future value of the annuity…
Q: What is the value of (F/G, 3.2%, 7)? a. 17.7723 O b. 22.1565 O c. 2.8741 O d. 1.2467 O e. 7.7090
A: Future value gradient(F/G) =(1+i)n-1i Where i =interest rate n=number of years
Q: lvane value of 300 0
A:
Q: Calculate: 1000/(1+r)n where r=0.069, and n=9
A: This is the formula for deriving the PV of the money invested in any security. Here r means the…
Q: Write 6.15 as a mixed number in simplest form. 5 O 123 500 20 3. 200
A: We will covert all fraction in decimal form and find out the answer in this case.
Q: ᴡʜᴀᴛ ɪꜱ ᴛʜᴇ ᴄᴀᴘɪᴛᴀʟɪᴢᴇᴅ ᴄᴏꜱᴛ ᴏꜰ ᴛʜᴇ ʜᴏᴜꜱᴇ
A: Capitalized cost is defined as the present worth of a constant annual cost over an infinite analysis…
Q: Choice $3,400 F
A: Answer: The Correct Answer is d.($3,400 U)
Q: 1 1- (1+r)" x 30 where r=0.093, and n=16
A: Given r = 0.093 and n=16 So, putting the values in the formula: [{1 - 1/(1+0.093)^16}/0.093 ] * 30…
Q: SI is $51,00 $125,300 00
A:
Q: O Between $184,561 and $184,699
A: Net present value refers to the amount used for the calculation of the current total value of the…
Q: agreemen 1, 20X1 w nanufactur
A: Solution 24: Interest Expense [($284,480 - $56,979) * 8%] $18,120 Depreciation Expense…
Q: O $853,623 O $896,325 O$1.128,600
A: All sorts of future cash flows in respect of adding interest on present value are known as the…
Q: $23,500 $4 500
A: Formula for cash conversion cycle: Days inventory outstanding + Day sales outstanding - Day payable…
Q: Inves $160 120
A: a) Equation of security market line is: Required return = rF + B(rM - rF)
Q: d. $4,299
A: It includes all the same elements as the individual financial statement but in consolidated form.…
Q: 1 x 8 5,500 40,100 10,175 P 49.490 1.85 Required: Assume that management adopts the ABC plan,…
A: ABC Analysis It is important for the valuation of inventory which are used for the entity as…
Q: 142,500 a O None of the given answers b O 102,500 .c O 82,500 d O
A: Ans. The formula for calculation of Margin of Safety is - Margin of Safety = Actual sales -…
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- Operating Budget, Comprehensive Analysis Allison Manufacturing produces a subassembly used in the production of jet aircraft engines. The assembly is sold to engine manufacturers and aircraft maintenance facilities. Projected sales in units for the coming 5 months follow: The following data pertain to production policies and manufacturing specifications followed by Allison Manufacturing: a. Finished goods inventory on January 1 is 32,000 units, each costing 166.06. The desired ending inventory for each month is 80% of the next months sales. b. The data on materials used are as follows: Inventory policy dictates that sufficient materials be on hand at the end of the month to produce 50% of the next months production needs. This is exactly the amount of material on hand on December 31 of the prior year. c. The direct labor used per unit of output is 3 hours. The average direct labor cost per hour is 14.25. d. Overhead each month is estimated using a flexible budget formula. (Note: Activity is measured in direct labor hours.) e. Monthly selling and administrative expenses are also estimated using a flexible budgeting formula. (Note: Activity is measured in units sold.) f. The unit selling price of the subassembly is 205. g. All sales and purchases are for cash. The cash balance on January 1 equals 400,000. The firm requires a minimum ending balance of 50,000. If the firm develops a cash shortage by the end of the month, sufficient cash is borrowed to cover the shortage. Any cash borrowed is repaid at the end of the quarter, as is the interest due (cash borrowed at the end of the quarter is repaid at the end of the following quarter). The interest rate is 12% per annum. No money is owed at the beginning of January. Required: 1. Prepare a monthly operating budget for the first quarter with the following schedules. (Note: Assume that there is no change in work-in-process inventories.) a. Sales budget b. Production budget c. Direct materials purchases budget d. Direct labor budget e. Overhead budget f. Selling and administrative expenses budget g. Ending finished goods inventory budget h. Cost of goods sold budget i. Budgeted income statement j. Cash budget 2. CONCEPTUAL CONNECTION Form a group with two or three other students. Locate a manufacturing plant in your community that has headquarters elsewhere. Interview the controller for the plant regarding the master budgeting process. Ask when the process starts each year, what schedules and budgets are prepared at the plant level, how the controller forecasts the amounts, and how those schedules and budgets fit in with the overall corporate budget. Is the budgetary process participative? Also, find out how budgets are used for performance analysis. Write a summary of the interview.Prepare a cost of goods sold budget for the Crest Hills Manufacturing Co. for the year ended December 31, 2016, from the following estimates. Inventories of production units: Direct materials purchased during the year, 854,000; beginning inventory of direct materials, 31,000; and ending inventory of direct materials, 26,000. Totals from other budgets included:Budgeted income statement and supporting budgets The budget director of Jupiter Helmets Inc., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for May: Prepare a cost of goods sold budget for May. Work in process at the beginning of May is estimated to be $4200. and work in process at the end of May is desired to be $3800.
- Preparing a performance report Use the flexible budget prepared in P7-6 for the 29,000-unit level of activity and the actual operating results listed below for the 29,000- unit level. Required: 1. Prepare a performance report. 2. List the major reasons why the actual operating income at 29,000 units differs from the master budget operating income at 30,000 units in Figure 7-12. 3. Given the level at which the company operated, how was its cost control? Item Direct materials: Direct labor:Performance Report Based on Budgeted and Actual Levels of Production Balboa Company budgeted production of 4,500 units with the following amounts: At the end of the year, Balboa had the following actual costs for production of 4,700 units: Required: 1. Calculate the budgeted amounts for each cost category listed above for the 4,500 budgeted units. 2. Prepare a performance report using a budget based on expected (budgeted) production of 4,500 units. 3. Prepare a performance report using a budget based on the actual level of production of 4,700 units.Budgeted income statement and supporting budgets for three months Bellaire Inc. gathered the following data for use in developing the budgets for the first quarter (January, February, March) of its fiscal year: Estimated sales at 125 per unit: Estimated finished goods inventories: Work in process inventories are estimated to be insignificant (zero). Estimated direct materials inventories: Manufacturing costs: Selling expenses: Instructions Prepare the following budgets using one column for each month and a total column for the first quarter, as shown for the sales budget: Prepare a sales budget for March. Prepare a production budget for March. Prepare a direct materials purchases budget for March. Prepare a direct labor cost budget for March. Prepare a factory overhead cost budget for March. Prepare a cost of goods sold budget for March. Prepare a selling and administrative expenses budget for March. Prepare a budgeted income statement with budgeted operating income for March.
- Budget performance reports for cost centers Partially completed budget performance reports for Runquist Company, a manufacturer of air conditioners, are provided below. a.Complete the budget performance reports by determining the correct amounts for the lettered spaces. b.Compose a memo to Jeff Kitchens, president of Meridian Company, explaining the performance of the Production Division for June.Preparing a performance report Use the flexible budget prepared in P7-6 for the 31,000-unit level and the actual operating results listed below for the 31,000-unit level. Required: 1. Prepare a performance report. 2. List the major reasons why the actual operating income at 31,000 units differs from the master budget operating income at 30,000 units in Figure 7-12. 3. Given the level at which the company operated, how was its cost control? Item Direct materials: Direct labor:Budgeted income statement and supporting budgets The budget director of Gold Medal Athletic Co., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for March: Estimated sales for March: Estimated inventories at March 1: Desired inventories at March 31: Direct materials used in production: Anticipated cost of purchases and beginning and ending inventory of direct materials: Direct labor requirements: Estimated factory overhead costs for March: Estimated operating expenses for March: Estimated other revenue and expense for March: Estimated tax rate: 30% Instructions Prepare a sales budget for March. Prepare a production budget for March. Prepare a direct materials purchases budget for March. Prepare a direct labor cost budget for March. Prepare a factory overhead cost budget for March. Prepare a cost of goods sold budget for March. Work in process at the beginning of March is estimated to be 15,300, and work in process at the end of March is desired to be 14,800. Prepare a selling and administrative expenses budget for March. Prepare a budgeted income statement for March.
- Relevant data from the Poster Companys operating budgets are: Additional data: Capital assets were sold in January for $10,000 and $4,500 in May. Dividends of $4,500 were paid in February. The beginning cash balance was $60,359 and a required minimum cash balance is $59,000. Use this information to prepare a cash budget for the first two quarters of the yearBudgeted income statement and supporting budgets The budget director of Birding Homes Feeders Inc., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for January: Estimated sales for January: Estimated inventories at January 1: Desired inventories at January 31: Direct materials used in production: Anticipated cost of purchases and beginning and ending inventory of direct materials: Direct labor requirements: Estimated factory overhead costs for January: Estimated operating expenses for January: Estimated other revenue and expense for January: Estimated tax rate: 25% Instructions Prepare a sales budget for January. Prepare a production budget for January. Prepare a direct materials purchases budget for January. Prepare a direct labor cost budget for January. Prepare a factory overhead cost budget for January. Prepare a cost of goods sold budget for January. Work in process at the beginning of January is estimated to be 9,000, and work in process at the end of January is estimated to be 10,500. Prepare a selling and administrative expenses budget for January. Prepare a budgeted income statement for January.Production budget Healthy Measures Inc. produces a Bath and Gym version of its popular electronic scale. The anticipated unit sales for the scales by sales region are as follows: The finished goods inventory estimated for March 1, for the Bath and Gym scale models is 11,800 and 8,100 units, respectively. The desired finished goods inventory for March 31 for the Bath and Gym scale models is 15,000 and 7,500 units, respectively. Prepare a production budget for the Bath and Gym scales for the month ended March 31.