1- According to economist Milton Friedman which of the following is the main purpose of a business?

Magellan is adding a project to the company portfolio and has the following information: the expected market return is 11.6%,

fredd [130]

Answer:

The beta of the new project is 1.475

Explanation:

The beta is the measure of systematic or market risk associated to a stock. The beta is used in the calculation of the required/expected rate of return under the CAPM model. The CAPM model uses the following formula to calculate the required/expected rate of return,

r = rRF + Beta * (rM - rRF)

Plugging in the available variables, we can calculate the value of the beta.

0.154 = 0.036 + Beta * (0.116 - 0.036)

0.154 - 0.036 = Beta * 0.08

0.118 / 0.08 = Beta

Beta = 1.475

6 0

3 years ago

Resource Room prints custom training material for corporations. The business was started January 1, 2017. The company uses a nor

nadya68 [22]

Answer:

Budgeted Overhead Cost 266,000

Budgeted Labor Cost 190,000

Recovery rate =266000/190000

Recovery rate per labor cost 1.40

Actual Material 158,000

Actual labor 175,000

WIP closing Material Labor

Job 11 4,720 5,700

Job 12 5,090 6,900

Total 9,810 12,600

Transfer to Finished= Total-WIP

Actual Material 148,190

Actual labor 162,400

Category Finished WIP Total

Material 148,190 9,810 158,000

Labor 162,400 12,600 175,000

Overhead-Recovered 227,360 17,640 245,000

@ 140% of labor

Balance before 537,950 40,050 578,000

adjustment to overhead

under-allocation

Option 1-Underallocated 2,200 2,200

overhead (247200-245000)

Balance after adjusting 540,150 40,050 580,200

overhead under-allocation

Option 2-Underallocated 2,042 158 2,200

overhead in overhead allocated rate

2200*227360/245000

2200*17640/245000

Balance before adjustment 537,950 40,050 578,000

to overhead under-allocation

Balance after adjusting 539,992 40,208 580,200

overhead under-allocation

g. the option 2 will be chosen because a careful look at the underallocated overhead is similar to 2017 so the charge should be levied on all activity

Explanation:

Budgeted Overhead Cost 266,000

Budgeted Labor Cost 190,000

Recovery rate =266000/190000

Recovery rate per labor cost 1.40

Actual Material 158,000

Actual labor 175,000

WIP closing Material Labor

Job 11 4,720 5,700

Job 12 5,090 6,900

Total 9,810 12,600

Transfer to Finished= Total-WIP

Actual Material 148,190

Actual labor 162,400

Category Finished WIP Total

Material 148,190 9,810 158,000

Labor 162,400 12,600 175,000

Overhead-Recovered 227,360 17,640 245,000

@ 140% of labor

Balance before 537,950 40,050 578,000

adjustment to overhead

under-allocation

Option 1-Underallocated 2,200 2,200

overhead (247200-245000)

Balance after adjusting 540,150 40,050 580,200

overhead under-allocation

Option 2-Underallocated 2,042 158 2,200

overhead in overhead allocated rate

2200*227360/245000

2200*17640/245000

Balance before adjustment 537,950 40,050 578,000

to overhead under-allocation

Balance after adjusting 539,992 40,208 580,200

overhead under-allocation

g. the option 2 will be chosen because a careful look at the underallocated overhead is similar to 2017 so the charge should be levied on all activity

3 0

3 years ago

g Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding

FromTheMoon [43]

Answer:

Total equivalent unit of material = 140,000 units

Explanation:

Equivalent units are used to apportion cost between completed units and work in progress. They represent notional whole units which represent incomplete work.

Under the first in first method , to account for completed units during a production period the opening inventory units are assumed to completed first before newly the newly introduced units.

So we can work out the equivalents units as follows:

Fully worked units :These represent units started this period of production and completed in the same period. This is given as 110,000 units

Equivalent units (EU)

Item unit Workings EU

Opening inventory 25,000 0% × 25,000 = 0

Fully worked 110,000 100% × 110,000 = 110,000

Closing inventory 30,000 100%× 30,000 = 30,000

Total equivalent unit of material 140,000

Note that for the opening inventory already 100% material work has been done the preceding period , so there wont be any work left to be done in respect of materials.

5 0

3 years ago

On December 28, I. M. Greasy, Catering completed $600 of catering services. As of December 31, the customer had not been billed

Alex

Answer: Debit Accounts receivable for $600.

Explanation:

The customer had not been billed so that means that they still owe the company. This would make them an accounts receivable so the adjusting entry will have to debit the Accounts Receivable account for $600 to show that it is increasing.

This amount will be credited to the Accrued revenue account to show that the cash has not yet been received.

5 0

3 years ago

When people are led to think about their own _____, they are more attracted to a charismatic leader.

Naily [24]

When people are led to think about their own death they are more attracted to a charismatic leader.

The German sociologist Max Weber invented the idea of charismatic authority. It involves a kind of organisation or leadership where the leader's charisma confers authority. This contrasts with two other sorts of authority, namely traditional authority and legal authority. The three categories of authority that Max Weber identified are comprised of each of the three sorts.

The first time the word "charisma" came into use was in Saint Paul's writings to the fledgling Christian communities in the first century.

Learn more about Charismatic here

brainly.com/question/28099781

#SPJ4

5 0

1 year ago