Answer:
Gross income=(1450-700)=$750
Explanation:
Gross income is the total earning before any taxes or deductions
In this case;
Gross income=Winnings-Losses
where;
Winnings=Slots+poker=(250+1200)=$1450
Losses=racetrack=$700
Replacing;
Gross income=(1450-700)=$750
Answer:
The forecast exchange rate in one's year time according to Goldman Sachs is MXN 14.25/USD
Explanation:
The fact that the Mexican Peso will lose 15% of its value to the dollar means that a dollar will command 15% of the current Peso value in a year's time.
Mathematically, MXN 9.5*1.15= MXN14.25 in a year's time.
It also implies that a Mexican with dollars wanting to convert into MXN in a year's time will receive more Peso compared to now.
Answer: measuring actual performance
Explanation: Measuring is the first step in the control cycle. Many employment and tasks can be expressed in concrete and observable terms.
Managers often use a number of information sources to assess actual performance, such as personal observations, statistical reports, oral reports, and written reports.
In the given case, Zachary is using a report that lacks relevance relative to the measurement criteria. Hence from the above we can conclude that the correct option is A.
Answer:
The calculations are shown below:
Explanation:
The computation is shown below:
As we know that
Inventory turnover ratio is
= Cost of goods sold ÷ Average inventory
So
For year 2015, it is
= $1,270 ÷ $210
= 6.05 times
For year 2014, it is
= $1,560 ÷ $220
= 7.09 times
For year 2013, it is
= $2,000 ÷ $380
= 7.14 times
1-b Average days to sell inventory is computed by considering the
= Total number of days in a year ÷ inventory turnover ratio
So
For year 2015, it is
= 365 ÷ 6.05
= 60.33 days
For year 2014, it is
= 365 ÷ 7.09
= 51.48 days
For year 2013, it is
= 365 ÷ 7.14
= 51.12 days
2. As we can see that the aegis industries inc is performing better than the Snow Pack Corporation as aegis industries has 7.14 times in 2015 as compare to the 5.5 times in 2015
Answer: $45 per machine hour
Explanation:
Company uses machine hours as its overhead allocation base and there were 106,000 machine hours planned.
The overheads are $3,800,000 for indirect labor and $970,000 for factory utilities.
The rate will therefore be;
= Total Overhead / Machine hours
= (3,800,000 + 970,000) / 106,000
= $45 per machine hour
