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4 years ago

What is the difference between a cooperative and a nonprofit organization

1 answer:

3 0

A Non-profit organization survives off of donations, they don't charge anything for their services.

A cooperative organization I believe charges for it's services.

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You use $50,000 of your own money to start a catering business. During the first year you earn a 5% return on that investment. I

Kobotan [32]

Answer:

-$1,500

Explanation:

Calculation for the economic profit earn

Using this formula

Economic profit =Investment amount ×(Return on investment-Current interest rate)

Let plug in the formula

Economic profit =$50,000×(0.05 - 0.08)

Economic profit =$50,000×(-0.03)

Economic profit = -$1,500

Therefore you earn an economic profit of -$1,500

3 0

3 years ago

Tomey Corporation has two production departments, Forming and Finishing. The company uses a job-order costing system and compute

Bogdan [553]

Answer:

a. $5,604

Explanation:

Forming Department overhead cost = Fixed manufacturing overhead cost + (Variable overhead cost per machine-hour × Total machine-hours in the department)

= $99,000 + ($2.10 per machine-hour × 18,000 machine-hours)

= $99,000 +$37,800 = $136,800

Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the allocation base incurred

= $136,800 ÷ 18,000 machine-hours

= $7.60 per machine-hour

Overhead applied to a particular job = Predetermined overhead rate × Amount of the allocation base incurred by the job

= $7.60 per machine-hour × 90 machine-hours

= $684

Finishing Department overhead cost = Fixed manufacturing overhead cost + (Variable overhead cost per direct labor-hour × Total direct labor-hours in the department)

= $70,400 + ($3.70 per direct labor-hour × 8,000 direct labor-hours)

= $70,400 + $29,600 = $100,000

Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the allocation base incurred

= $100,000 ÷8,000 direct labor-hours = $12.50 per direct labor-hour

Overhead applied to a particular job = Predetermined overhead rate × Amount of the allocation base incurred by the job

= $12.50 per direct labor-hour × 60 direct labor-hours

= $750

Forming Finishing Total

Direct materials........................$940 $350 $1,290

Direct labor...............................$960 $1,920 $2,880

Manufacturing overhead.......$684 $750 $1,434

Total cost of Job T617........................................................$5,604

4 0

3 years ago

Which corporate officer, when he or she is guilty of serious misconduct, can subject the firm to the heavy losses in financial w

Norma-Jean [14]

Answer: The correct answer is "CFO".

Explanation: A CFO (Chief Financial Officer) is responsible for the economic and financial planning of the company. It is who decides the investment, financing and risk in order to increase the value of the company for its owners (whether shareholders or partners). It provides financial, accounting knowledge and in general an analytical look at the business. In many cases he is also the strategic affairs advisor for the CEO.

Therefore, if he is guilty of serious misconduct, he may subject the company to large losses in financial wealth.

7 0

3 years ago

On January 1, Borge Inc. issued $3,000,000, 8% bonds for $2,817,000. The market rate of interest for these bonds is 9%. Interest

sveta [45]

Answer:

At the end of the first year, Borge should report unamortized bond discount of a. $169,470.

Explanation:

Solution:

Interest amount =

($2,817,000 * 0.09) - ($3,000,000 * 0.08)

=$13,530

Bond Disc. Amount; ($3,000,000 - $2,817,000) - $13,530

= $183,000 - $13,530

= $169,470

4 0

3 years ago

Read 2 more answers

1) In the previous problem, suppose Ferguson has announced it is going to repurchase $15,600 worth of stock. What effect will th

Softa [21]

Answer:

1. Equity reduces to $372,300

2. 11,517 shares

3. $32.33

Explanation:

1. Effect on Equity

The company will use $15,600 cash to buy the equivalent amount of shares.

Cash Balance will reduce by;

= 52,900 - 15,600

= $37,300

Equity will reduce by the amount of stock repurchased;

= 387,900 - 15,600

= $372,300

2. Shares Outstanding

Current Stock Price = $\frac{Equity Value}{Number of shares outstanding}$

= 387,900/12,000

= $32.33

Number of shares repurchased = 15,600/32.33

= 483 shares

New Shares Outstanding = 12,000 shares - 483 shares

= 11,517 shares

3. Price per share after repurchase

= $\frac{New Equity Value}{New Number of shares outstanding}$

= 372,300 / 11,517

= $32.33

4. Dividends declared reduces the equity value.

= 32.33 - 1.30

= $31.03

The share repurchase is the same as the cash dividend because the stock price after the repurchase is the same as the stock price if dividends are declared less the cash dividends.

7 0

3 years ago