By repeating what you think she said in your own words, you're demonstrating effective __

For 2012, Everyday Electronics reported $22.5 million on sales and $18 million of operating costs (including depreciation). The

sammy [17]

Answer:

$1,575,000

Explanation:

Net operating profit before taxes:

= Sales - operating costs

= $22,500,000 - $18,000,000

= $4,500,000

Net operating profit after taxes:

= Net operating profit before taxes - Taxes

= $4,500,000 - ($4,500,000 × 0.35)

= $4,500,000 - $1,575,000

= $2,925,000

Economic Value Added:

= Net Operating Profit After Taxes - (Operating Capital × Weighted Average Cost of Capital)

= $2,925,000 - (15,000,000 × 9%)

= $2,925,000 - $1,350,000

= $1,575,000

3 0

3 years ago

If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is:

serious [3.7K]

Answer:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Explanation:

If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

For example:

Total estimated overhead= $150,000

Allocation base= direct labor hours

Estimated Total number of direct labor hours= 10,000

Predetermined manufacturing overhead rate= 150,000/10,000

Predetermined manufacturing overhead rate= $15 per direct labor hour

5 0

3 years ago

Reedy Company reports the following information for 2012:

asambeis [7]

Answer:

Ending WIP= $13,500

Explanation:

First, we need to calculate the factory overhead:

Factory overhead= 25,000*0.75= $18,750

Now, the ending WIP inventory:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

68,250 = 11,000 + 27,000 + 25,000 + 18,750 - Ending WIP

Ending WIP= $13,500

4 0

3 years ago

24) In the U.s. economy, a few firms dominate the wireless telephone provider Industry. Whlch type of

kipiarov [429]

Answer:

oligopoly

Explanation:

An oligopoly is a market structure comprising a few firms dominating a large market with many buyers. The few firms sell similar or differentiated products. Each of the firms commands a sizable market share and can influence the market. Apart from the few dominating firms, there could be other small sellers with a smaller market share operating in the market. Another example of an oligopoly market is the air travel business, where a few airline companies dominate the market.

Characteristics of oligopoly market include

Barriers to entry due to heavy capital requirements and market domination by a few firms.
Each firm sets its price
heavy advertising to woe clients
Collaboration among the few dominating firms

7 0

2 years ago

Accounts Payable: $19,207

lisabon 2012 [21]

Answer:

total liabilities = $169,008

Explanation:

total liabilities:

Accounts Payable: $19,207
Discount on Bonds Payable: ($7,000) ⇒ contra liability account
Sales Tax Payable: 3,512
FICA Tax Payable: 3,200
Bonds Payable: 100,000
Note Payable, due in two years 1,709
Unearned Service Revenue 30,500 ⇒ must be reported as a liability
Salaries and Wages Payable 17,880

to determine the total liabilities we just have to add both current and long term liabilities, and subtract any contra liability accounts = $176,008 - $7,000 = $169,008

7 0

2 years ago

By repeating what you think she said in your own words, you're demonstrating effective ___ skills.