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2 years ago

External decision makers would not look primarily to financial accounting information to assist them in making decisions on:

1 answer:

4 0

External decision makers would not look primarily to financial accounting information to assist them in making decisions on Capital budgeting.

<h3>What is Capital budgeting?</h3>

Capital budgeting is known to be the act or process where a business does examine their potential major projects or their investments.

Note that External decision makers would not look primarily to financial accounting information to assist them in making decisions on Capital budgeting.

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A newly formed firm must decide on a plant location. There are two alternatives under consideration: locate near the major raw m

daser333 [38]

Answer:

Profit for Kansas City = $376,375

Explanation:

a) Data and Calculations:

Omaha Kansas City

Expected annual demand (units) 9,800 11,625

Annual fixed costs $1,000,000 $1,100,000

Variable cost per unit $30 $45 $294,000 $523,125

Total cost $1,294,000 $1,623,125

Revenue $1,685,600 $1,999,500

Profit $391,600 $376,375

From the above differential analysis, it appears that locating in Omaha would be better and more profitable than locating in Kansas City for the company. This is based on the fact that more profit ($15,225) will be generated with Omaha location than locating in Kansas City.

6 0

3 years ago

Todd leaves his babysitter, Zach, a voice mail message saying, "I need someone to watch little Joey and Hilary on Friday night.

Harman [31]

Answer:

No, because silence under these circumstances will not constitute acceptance.

6 0

3 years ago

Esquire Inc. uses the LIFO method to report its inventory. Inventory at January 1, 2021, was $888,000 (37,000 units at $24 each)

kvv77 [185]

Answer:

the ending inventory and cost of goods sold for 2021 based on a periodic inventory system is $816,000 and $3,378,000 respectively

Explanation:

The computation is shown below

Cost of goods sold is

= (117,000 units - 114,000 units) × $24 + 114,000 units × $29

= 3,000 units × $24 + 114,000 units × $29

= $72,000 + $3,306,000

= $3,378,000

And, the ending inventory is

= (37,000 units - 3,000 units) × $24

= $816,000

Hence, the ending inventory and cost of goods sold for 2021 based on a periodic inventory system is $816,000 and $3,378,000 respectively

7 0

3 years ago

1. Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted d

melamori03 [73]

Answer:

a. $17.44 per hour

b. $43,600 ; $104,640

Explanation:

The computation is shown below:

a. Single plantwide overhead rate equals to

= Total Overhead Amount ÷ Budgeted Direct Labor Hours

where,

Total overhead amount is

= $625,000 + $900,000 + $105,000 + $175,000 + $300,000 + $75,000

= $2,180,000

And, the budgeted direct labor hours is 125,000

So, the overhead rate is

= $2,180,000 ÷ 125,000

= $17.44 per hour

2. Now the overhead cost is

For Deluxe model

= 2,500 direct labor hours × $17.44 per hour

= $43,600

For basic model

= 6,000 direct labor hours × $17.44 per hour

= $104,640

7 0

3 years ago

Ella has an offer to buy an item with a sticker price of $12,300 by paying $420 a month for 36 months. What interest rate is Ell

pentagon [3]

Answer:

18.65%

Explanation:

Cost = $12,300

Total Payment = $420 × 36

= $15,120

Difference in the cost and payment = $15,120 - $12,300 = $2,820

Interest rate is the ratio of the interest to the original cost of the item.

The interest is the difference between the amount paid and the actual cost.

Interest rate = ($2,820/$15,120) × 100%

= 18.65%

5 0

3 years ago

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