Jessica has a job making baskets. Last week she made a total of 236 baskets. Calculate her gross pay if she is paid on the following differential piecework schedule. Pay Level Items Produced Rate 1. 1-105 $5.10 2 106-255 $6.14 Over 255 $7.78
Q: How important are assumptions in preparing a business project feasibility? Justify your answer. What…
A: A development plan, sometimes referred as a feasible analysis or sustainability report, is a method…
Q: The component that analyzes profitability is • , and its value is The component that analyses…
A: DuPont Analysis has been developed by the DuPont Corporation for decomposing different aspects of…
Q: A company has issued preferred shares with a dividend of $0.97. The current price per share is…
A: Preferred Shares are the hybrid security that has features of bonds as fixed preferred dividend and…
Q: With a higher rate of pre-payments, which of the following is true for a mortgage-backed bond: The…
A: A high rate of prepayment means that there is a high chance of paying back the mortgage amount is…
Q: The 2018 Tax Reformation was deemed one of the largest in most recent years. What were the major…
A: The Tax Cuts and Jobs Act (TCJA), signed into law in late 2017, was the most significant tax reform…
Q: A bond has a face value of $3500 and matures in 10 years. The interest rate is 7% payable semi-…
A: Face value = $3500 Coupon rate = 7% Semi annual coupon amount = 3500*0.07/2 = $122.50 Yield rate =…
Q: A 5-year project will require an investment of $100 million. This comprises of plant and machinery…
A: The Cost of Debt is the minimal rate of return required by debt holders to bear the risk of…
Q: ANSWER ALREADY GIVEN. JUST PROVIDE SOLUTION Shoppe Marketing launched a new sales promotional…
A: Based on its relative standalone selling price, the transaction price is allocated to the…
Q: Suppose rRF = 6%, rM = 10%, and bi = 1.8. What is ri, the required rate of return on Stock i? Round…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: It is the beginning of September and you have been offered the following deal to go heli-skiing. If…
A: As on beginning of september price of heli-skiing $ 3300 Pleasure obtained in the first week of…
Q: The following information is from Dave's Sporting Goods. Dave’s is a Midwest sporting goods store…
A: Given in the question is the information regarding DAVE'S SPORTING GOODS,
Q: A $660,000 townhome in Richmond Hill was purchased with a down payment of 20% of the amount. A…
A: Given That: Cost of Townhome=$660000 Down payment = 20% Down payment amount = 20% of…
Q: Understanding the optimal capital structure Review this situation: Universal Exports Inc. is…
A: A company needs capital to run its business. This is raised by way of debt and equity each of which…
Q: Beale Manufacturing Company has a beta of 1.5, and Foley Industries has a beta of 0.30. The required…
A: Calculation of required return: = Risk free rate + Beta (Market rate - Risk free rate)
Q: download financial statements for omantel company for 2021 and posted then calculate Earnings per…
A: The full name is Oman Tourism Development Company (OMRAN), which was established in 2005 by the…
Q: Which of the following statements is the most accurate for a long dated hedge using futures…
A: A futures contract is a contract for the purchase or sale of an underlying asset. Identifying the…
Q: Stock X has a 10% expected return, a beta coefficient of 0.9, and a 35% standard deviation of…
A: a) To find out which stock is riskier, should calculate Coefficient of Variation. Coefficient of…
Q: (A/F,15% monthly,3years) has a value equals to
A: (A/F,15% monthly, 3years) denotes sinking fund deposit factor i = 15% per annum = 1.25% per month n…
Q: Greg is bullish on the stock of Google and expects the company to deliver excellent results. The…
A: Given, The theoretical value of an option is calculated by the Black Scholes model . Assumptions…
Q: James received a 15 year loan of $230,000 to purchase a house. The interest rate on the loan was…
A: Working Note #1 Loan amount ($) 230000 N (years) 15 Period 180 Rate(Compounded annually)…
Q: 8. A couple decided to invest P150,000 annually for only the first eight years of their marriage.…
A: Time value of money (TVM) is used to measure the value of money at different point of time in the…
Q: a. How many payments are required to settle the loan? Round to the next payment b. Complete the…
A: Amortization Schedule: It represents a table comprising interest payments, principal payments, the…
Q: Consider a non-paying dividend stock sells for 150. George wants to sell his stock in one year for a…
A: A call option is right but not the obligation to buy the underlying at strike price as on date of…
Q: Iceland Corporation Limited is considering investing in one of two machines – A or B. The initial…
A: ARR is the accounting rate of return calculated by dividing average accounting profit by initial…
Q: Consider the two mutually exclusive investment projects given in the table below for which MARR =…
A: The internal rate of return (IRR) is the rate of return that equates the present value of future…
Q: 6. When Alice and Mark's first child was one month old, and at the end of every month thereafter,…
A: The equal payment flow which occurs for a finite period and ends after lapse of finite time period…
Q: 5a. An elective project is currently under review. It requires an initial investment of $116,000 for…
A: The rate of return: The rate of return or the internal rate of return (IRR) is the rate at which the…
Q: Market prices and credit spreads change much faster than credit ratings. Select one: True False
A: Credit ratings refer to quantified indicators of the credibility of borrowers. Higher the rating,…
Q: What is the bond equivalent yield on a $1 million T-bill that currently sells at 91.320 percent of…
A: Bond Equivalent Yield refers to the annual percentage return earned by an investor on the prevailing…
Q: Calculate the value of the stock when the next year earnings, E1 = 8.7, earnings growth multiplier,…
A: We need to use constant growth model to calculate value of stock P0 =D1/(rs-g) where P0 =value of…
Q: A mortgage for a condominium had a principal balance of $41,400 that had to be amortized over the…
A: Time value of money concept is used for calculation of monthly instalments and calculation of number…
Q: Consider the two mutually exclusive investment projects given in the table below for which MARR =…
A: Capital Budgeting is the process of assessing long-term decisions made by management in order to…
Q: Adam purchases a retirement annuity that will pay him $1,500 at the end of every six months for the…
A: Semi Annual Payment $ 1,500.00 Time Period (years) 8 Interest rate 4% Monthly…
Q: A$1,000 face value corporate bond is purchased at the market price of $850 on January 1, 2021. It…
A: To Find: Future Value of reinvested coupons Average annual compound return Average annual compound…
Q: Exercise 4. Consider a mean-variance optimizer that wants to invest in bonds for two periods. In…
A: Given are the details, Annual yield bond = y2 for 2 years Annual yield bond = r1 for 2 year, Annual…
Q: Title: Comparative Financial Analysis of Megawide Market Privatization vs. Alternative Market…
A: Given, Here, we have to compare the financial analysis of market privatization and market…
Q: at markets are free of arbitrage opportunities?
A: Arbitrage opportunities are a type of strategy in which an investor tries the same asset in…
Q: Boiser deposited part of her royalty in a bank at the end of each year for 10 years. The bank paid…
A: We need to use future value of ordinary annuity formula to calculate total amount of deposited…
Q: Define what is an off-balance sheet activity? Also provide example of an off-balance sheet an…
A: Off-Balance sheet Activity means the assets or liabilities which are not reflected in the balance…
Q: Jean and Dan both work. Each earns a salary of $51,000, but only Jean is a member of a registered…
A: Given That: Jean and Dan Salary=$51000 Jean's Contribution to pension= 2% Dean's unused…
Q: A 5-year project will require an investment of $100 million. This comprises of plant and machinery…
A: Firstly, Weighted avergae cost of cpaital of the project is determined and then it is used to…
Q: Find the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals…
A: 1) Solved using Financial Calculator PV = +/- 200,000 FV = 10,000 I/Y = 4/12 = 0.33 N = 16*12 = 192…
Q: ation tax shield? 5. Calculating Depreciation A piece of newly purchased industrial equipment costs…
A: Solution : Deprecation rate was fix under MACRS Table which was mentioned below & also…
Q: Out of the following options please tell me which are two dimensions or the main aspects of…
A: Budgeting is the process of making a plan for how person or organization will spend the money. A…
Q: 1. A contract issued containing terms and conditions of the bond issued. a. debentures b.…
A: A company can raise funds in various different manners. It can issue bonds or it can go for private…
Q: QUESTION ONE Bahrain Gas Company dividend per share next year is expected to be 3.500. An analysis…
A: Expected dividend (D1) = 3.5 Average growth rate (g) = 5% pa According to dividend discounting model…
Q: Analyze below Cash Flow and compute for the unknown value. ... 2 3 4 7 8 9 10 EOY (end of year) $5…
A: Interest rate = 10% semiannually compounded Let CFn = Cashflow in year n n = 10 years
Q: 5. Given: First cost = $1,000,000 Salvage value after 5 years = $400,000 N= 7 year life Annual O&M…
A: Solution : Under CCA Rate of Deprecation Deprecation on assets will be charge in first year of…
Q: Consider a non-paying dividend stock sells for 150. George wants to sell his stock in one year for a…
A: Call option gives the buyer of call a right to buy the stock at a pre-determined price Put option…
Q: Q-1: Calculate the market value of Bonds B, C, and D in the Table below: Bond Issue date Initial…
A: Face value (F) = $1000 Bond A coupon rate = 6% Bond A price = $1000
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Kate Fitzgerald’s company pays differential piecework for electronic product manufacturing. Production pay rates for a particular circuit board assembly and soldering are $18.20 per board for the first 14 boards, $19.55 each for boards 15–30, $20.05 each for boards 31–45, and $20.48 each for boards 46 and up. If Kate assembled and soldered 52 boards last week, what was her total gross pay?Walter Pinkman assembles merchandise and is paid $0.11 for each unit assembled. During the most recent week, he worked 46 hours and assembled 5,628 units.Gross Pay = $ Sidney Darling is a telemarketer, who is paid $0.31 for every telemarketing call he places. During the most recent week, he worked 42 hours and placed 1,669 calls.Gross Pay = $Pete Brees assembles merchandise and is paid $0.07 for each unit assembled. During the most recent week, he worked 54 hours and assembled 13,247 units.Gross Pay = Roy Carter is a telemarketer who is paid $0.38 for every telemarketing phone call he places. During the most recent week, he worked 55 hours and placed 1,551 calls.Gross Pay = $
- You are the payroll manager for Euro Couture, a manufacturer of women's apparel. Your workers are paid per garment sewn on a differential piecework schedule as follows.Round dollars to the nearest cent. Pay Level Garments Produced Rate per Garment 1 1-50 $3.70 2 51-100 $4.25 3 101-150 $4.70 4 0ver 150 $5.30 Calculate last week's total gross pay for the following employee. Employee Garments Produced Total Gross Pay Goodrich, P. 144 $A customer ordered a window frame. In doing the job, it requires iron bars with a total worth of ₱4,000. Two employees are assigned for the job and each of them will work 8 hours. The hourly rate of the employees is ₱75.00. The pre-determined overhead rate (POHR) is ₱100 that is based on the total working hours of the employees. The cost of the window frame would be? a. ₱6,000 b. ₱6,800 c. ₱4,175 d. ₱5,400Data relating to labor costs is given below. Manufacturing labor is paid 30 TL per hour and supporting labor is paid 20 TL per hour. For overwork, 50% additional payment is made. Manufacturing Labor 3.000 hours Normal working. 200 hoursIn week overworking Weekend holiday 200 hours Supporting Labor Normal working 600 hours Weekend holiday 100 hours Employer’s Social Security Premium and Unemployment Premium rates are 20% and 2% respectively. Employees’ Social Security Premium and Unemployment Premium rates are 14% and 1% respectively. Income Tax rate is 20% (Stamp Duty is neglected). Company classifies manufacturing labor hours’ cost and employer’s contribution relating to this cost as direct labor cost. Other labor costs are classified as indirect labor cost.Required: a) Gross wage b) Total labor costs c) Direct Labor Costs d) Indirect Labor Costs e) Net wage (Due to Personnel) f) Social Securities and Unemployment Premiums Payable (Employer + Employee)
- Langson is a manufacturing company. The following costs are found in its General Ledger Accounts for the month of August, 2019: 1. Materials used $150,000 2. Direct labor $620,000 3. Indirect labor $120,00 4. Additional factory overhead is 2 times the materials use rate. 5. Administrative salaries $130,000 6. Sales Salaries $60,000 7. There were 1,000 units in production. Required: a. Total cost of Goods in production: Show computation b. What is the unit cost of production? Show computation c. What is the total period cost for Langson Manufacturing company? show computation. d. How much is the Total factory overhead for Langson Manufacturing company.4.You are the payroll manager for a women's apparel company. Your workers are paid per garment sewn on a differential piecework schedule as follows. Pay Level Garments Produced Rate per Garment 1 1—50 $2.60 2 51—100 $3.25 3 101—150 $3.50 4 Over 150 $4.10 Calculate last week's total gross pay (in $) for employee "Goodrich, P." who produced 103 garments. $SmokeCity, Inc., manufactures barbeque smokers. Based on past experience, SmokeCity has found that its total annual overhead costs can be represented by the following formula: Overhead cost = 543,000 + 1.34X, where X equals number of smokers. Last year, SmokeCity produced 20,000 smokers. Actual overhead costs for the year were as expected. Required: 1. What is the driver for the overhead activity? 2. What is the total overhead cost incurred by SmokeCity last year? 3. What is the total fixed overhead cost incurred by SmokeCity last year? 4. What is the total variable overhead cost incurred by SmokeCity last year? 5. What is the overhead cost per unit produced? 6. What is the fixed overhead cost per unit? 7. What is the variable overhead cost per unit? 8. Recalculate Requirements 5, 6, and 7 for the following levels of production: (a) 19,500 units and (b) 21,600 units. (Round your answers to the nearest cent.) Explain this outcome.
- Bruce Eaton is paid 10 cents per unit under the piece-rate system. During one week, Eaton worked 46 hours and produced 5,520 units. Compute the following: 1. The piecework earnings ________ 2. The regular hourly rate ________ 3. The overtime hourly rate ________ 4. The overtime earnings ________ 5. The total earnings ________Ventana Window and Wall Treatments Company provides draperies, shades, and various window treatments. Ventana works with the customer to design the appropriate window treatment, places the order, and installs the finished product. Direct materials and direct labor costs are easy to trace to the jobs. Ventanas income statement for last year is as follows: Ventana wants to find a markup on cost of goods sold that will allow them to earn about the same amount of profit on each job as was earned last year. Required: 1. What is the markup on cost of goods sold (COGS) that will maintain the same profit as last year? (Round the percentage to two significant digits.) 2. A customer orders draperies and shades for a remodeling job. The job will have the following costs: What is the price that Ventana will quote given the markup percentage calculated in Requirement 1? (Round the price to the nearest dollar.) 3. What if Ventana wants to calculate a markup on direct materials cost, since it is the largest cost of doing business? What is the markup on direct materials cost that will maintain the same profit as last year? (Round the percentage to two significant digits.) What is the bid price Ventana will use for the job given in Requirement 2 if the markup percentage is calculated on the basis of direct materials cost? (Round to the nearest dollar.)Nutts management is very concerned about the cost of overhead on its jobs. When jobs are complete, overhead costs should be between 15% and 20% of total costs. For example, the labor cost on Job 8958 is 25% of total costs, higher than the norm. Open Job 8961 and click the Chart sheet tab. A pie chart appears showing the cost components on that job. Record the labor cost percentage in the space provided. Repeat this for each of the jobs worked on in August. Did Nutt maintain good cost control on all its jobs? Explain. Worksheet. During September, Job 8963 required two additional material requisitions to complete the job. Open JOB8963 and modify the job cost sheet to include an area for four direct material requisition entries instead of three. Then enter the following two materials requisitions onto the worksheet: Preview the printout to make sure it will print neatly on one page, and then print the worksheet. Save the completed worksheet as JOBT. Chart. Open JOB8964 and click the Chart sheet tab. Prepare a bar chart for JOB8964 showing the amount of material, labor, and overhead required to complete the job. Use the Chart Data Table found in rows 4246 as a basis for preparing the chart. Enter your name somewhere on the chart. Save the file again as J0B8964. Print the chart.