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2 years ago

The following transactions apply to Ozark Sales for Year 1:

Business

1 answer:

attashe74 [19]2 years ago

7 0

Answer:

Current liabilities: Accounts payable$130,000

Sales tax payable 8,800

Warranty Payable 4,000

Interest payable 667

Notes payable 50,000

Total current liabilities$193,467

Explanation:

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In a word document, conduct a cost-benefit analysis where you write all of the costs (monetary and non-monetary) and compare the

sineoko [7]

It should be noted that cost-benefit analysis is the way to compare the costs and benefits of a project expressed in monetary units.

<h3>What Is a Cost-Benefit Analysis?</h3>

A cost-benefit analysis is the systematic process which businesses use on order to analyze which decisions to make and the ones that will be forgo. The cost-benefit analyst simply sums the potential rewards that are expected from a situation and then subtracts the total costs that are associated with taking that action.

The major steps in a cost-benefit analysis

Specify the set of options.
Decide whose costs and benefits count.
Identify the impacts and select measurement indicators.
Predict the impacts over the life of the proposed regulation.
Monetize and place dollar values on impacts.

Before the class goes on a field trip to Walt Disney World in Orlando, it's important to conduct a cost-benefit analysis that will be used to evaluate all the potential costs and the revenues which the class might generate from the project.

Then, the outcome that is gotten from the analysis will determine whether the project will be financially feasible or whether the company can pursue another project.

Learn more about cost-benefit analysis on:

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7 0

2 years ago

Two gamblers bet $1 each on the successive tosses of acoin. Each has a bank of $6. What is the probability that:a They break eve

strojnjashka [21]

Answer:

Part a: The probability of breaking even in 6 tosses is 0.3125.

Part b: The probability that one payer wins all the money after the 10th toss is 0.0264.

Explanation:

Part a

P(success)=1/2=0.5

P(Failure)=1/2=0.5

Now for the break-even at the sixth toss

P(Break Even)=P(3 success out of 6)

P(3 success out of 6)

$=^6C_3/(2^6)\\=5/16\\=0.3125$

So the probability of breaking even in 6 tosses is 0.3125.

Part b:

So the probability that one of the player wins all the money after the 10th toss is given as the tenth toss is given as a win so

Wins in 9 tosses is given as 9!/7!=72

The probability that the other person wins

Wins in 8 out of 10 tosses is given as 10!/8!(10-8)!=10!/8!2!=45

So the probability of all the money is won by one of the gambler after the 10th toss is given as

P=number of wins in 9 tosses-Number of wins in 10 tosses/total number of tosses

P=(72-45)/2^16

P=0.0264

So the probability that one payer wins all the money after the 10th toss is 0.0264.

8 0

3 years ago

Multiple Versus Single Overhead Rates, Activity Drivers Deoro Company has identified the following overhead activities, costs, a

WINSTONCH [101]

Answer:

Deoro Company

1. Unit cost using direct labor hours to apply overhead:

Unit Cost

Model A $167.985

Model B $226.99

2. Unit cost using the four activity drivers:

Unit Cost

Model A $133.97

Model B $287.28

3. Activity-based costing method always produces the more accurate cost assignment.

Explanation:

a) Data and Calculations:

Activity Expected Cost Activity Driver Activity Capacity

Setting up equipment $548,080 Number of setups 680

Ordering costs 313,200 Number of orders 17,400

Machine costs 939,400 Machine hours 42,700

Receiving 343,000 Receiving hours 9,800

Total overhead costs $2,142,680

Activity Rates:

Setting up equipment $806 per setup ($548,080/680)

Ordering costs $18 per order ($313,200/17,400)

Machine costs $22 per machine hour ($939,400/42,700)

Receiving $35 per receiving hour ($343,000/9,800)

Model A Model B

Direct materials $600,000 $800,000

Direct labor $480,000 $480,000

Overhead applied $1,063,500 $1,018,200

Total costs $2,143,500 $2,298,200

Units completed 16,000 8,000

Cost per unit $133.97 $287.275

Direct labor hours 6,000 2,000

Number of setups 400 200

Number of orders 6,000 12,000

Machine hours 24,000 18,000

Receiving hours 3,000 7,000

The company's normal activity is 8,000 direct labor hours.

Assignment of overhead costs:

Model A Model B

Number of setups $322,500 (400 * $806) $161,200 (200 * $806)

Number of orders 108,000 (6,000 * $18) 216,000 (12,000 * $18)

Machine hours 528,000 (24,000 * $22) 396,000 (18,000 * $22)

Receiving hours 105,000 (3,000 * $35) 245,000 (7,000 * $35)

Total overhead applied $1,063,500 $1,018,200

Overhead based on direct labor hours:

Total overhead costs = $2,143,680

Total direct labor hours = 8,000 (6,000 + 2,000)

Overhead rate per DLH = $267.96

Allocation of overhead:

Model A Model B

Direct labor hours 6,000 2,000

Overhead (DLH) $1,607,760 ($267.96 *6,000) $535,920 ($267.96 * 2,000)

Model A Model B

Direct materials $600,000 $800,000

Direct labor $480,000 $480,000

Overhead applied $1,607,760 $535,920

Total costs $2,687,760 $1,815,920

Units completed 16,000 8,000

Cost per unit $167.985 $226.99

4 0

3 years ago

15 POINTS IF U ANSWER NOW!!!!! Which non-income factor for a potential job promotion would influence a person whose mother needs

Verdich [7]

Answer:

D. Family

Explanation:

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2 years ago

Janet saw on the news where a family of seven children perished in a house fire—it was also revealed that the house did not cont

andreev551 [17]

Answer:

Proposition of Fact

Explanation:

A proposition of fact is the argument that tries to convince the audience about a course of action which the argument maker desires everyone must accept. So in this scenario, Janet brings forward a solid argument which is supported by the accident outcome and this argument can be used to convince the audience.

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2 years ago