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enot [183]
3 years ago
7

Elston Company compiled the following information as of December 31, 2014:Service Revenue $700,000Common Stock $150,000Equipment

$200,000Operating Expenses $625,000Cash $175,000Dividends $50,000Supplies $25,000Accounts Payable $100,000Accounts Receivable $75,000Retained Earnings, Jan 1, 2014 $375,000Elston's stockholders' equity on December 31, 2014 is
Business
1 answer:
Elden [556K]3 years ago
6 0

Answer:

The Elston's stockholders' equity on December 31, 2014 is $550,000

Explanation:

For computing the stockholder equity, first, we have to find out the ending retained earning balance which equals to

= Beginning retained earning balance + Net income - dividend paid

= $375,000 + $75,000 - $50,000

= $400,000

where,

Net income = Service revenue - operating expenses

                   = $700,000 - $625,000

                   = $75,000

Now the stockholder equity equals to

= Common stock + ending balance of retained earning

= $150,000 + $400,000

= $550,000

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A service-based organization has adopted an expansionist strategy. It has taken on a number of big contracts from clients and is
PolarNik [594]

Answer:

Thee answer is: A) Time taken to fill a position should be tracked for each recruiting source and the fastest possible source should be utilized.

Explanation:

When adopting an expansionist strategy the company is trying to achieve a higher sales growth rate than before. Since it took several new big contracts it will probably have to hire several (or very many) new employees and they need to do it fast. Usually when this happens, the company will try to hire the best possible applicants from the fastest recruiting source.

5 0
3 years ago
Month Maintenance Machine Health Number of Shipping Units
8_murik_8 [283]

Answer:

1. Variable cost = Shipping costs

Fixed cost = Health Insurance

Mixed cost = Maintenance costs

Shipping costs are variable because a unit shipped costs $3.60. The total shipping cost for each month varies according to the units shipped in the month.

Health Insurance costs are fixed as there is no change in cost notwithstanding the number of employees in each month.  The total health insurance cost remains the same every month.

Maintenance costs are mixed for each month, as there is a fixed element and a variable element.

2. Cost function for each cost:

Maintenance = $4,200 + $2.10 per machine hour

Health Insurance = $8,600

Shipping cost = $3.60 per unit

3. Cost function = $12,800 + $2.1m + $3.6s

where m = machine hours

and s =  units shipped

4. The total operating cost for the month

= $46,040

Explanation:

a) Data and Calculations:

Month     Maintenance Machine  Health   Number of  Shipping     Units

                     costs        Hours  Insurance  Employees   Costs    Shipped

January          4500       165         8600            68            25778       7160

February        4452       120         8600            75           29664      8240

March            4600       230        8600            92            28674      7965

April               4850        318        8600           105           23058      8405

May                5166       460        8600            89            21294       5915

June              4760       280        8600            87            33282      9245

July                4910       340        8600            93             31428      8730

August         4960       360        8600            88            30924       8415

September  5070       420         8600            95             25110     6975

October      5250       495         8600           102           25866      7185

November   5271        510         8600            97             20124    5590

December  4760       275         8600            94            34596     9610

Cost Function for each cost:

Maintenance cost:

                     Machine Cost

                        Hours

November         510    5271

February           120    4452

Difference       390      819

Variable cost = $2.10 (819/390)

Fixed cost = $4,200 ($5,271 - ($2.10*510))  

Health Insurance:

Fixed cost = $8,600

Shipping cost:

Variable cost = $3.60 per unit

Cost function = $4,200 + $2.10m + $8,600 + $3.60s

= $12,800 + $2.1m + $3.6s

February cost = $12,800 + $2.1(120) + $3.6(8240)

= $12,800 + $252 + $29,664

= $42,716

IF:

Machine hours = 400

Employees = 80

Shipped units = 9,000

The total operating cost for the month will be:

Cost function = $12,800 + $2.1m + $3.6s

= $12,800 + ($2.1 * 400) + ($3.6 * 9,000)

= $12,800 + $840 + $32,400

= $46,040

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3 years ago
Academic book publishers hire​ editors, designers, and production and marketing managers who help prepare books for publication.
Montano1993 [528]

Answer:

The correct answer is option D.

Explanation:

Academic book publishers hire​ editors, designers, and production and marketing managers who help prepare books for publication.

These employees work on several books​ simultaneously so a change in quantity demanded of books published in a year.

Since the number of people employed is fixed and does not change with the quantity of output. The cost incurred on these workers will be fixed cost. So the salaries and benefits of people in these people will be included in fixed costs and total costs. But since it does not change with change in the output it will not be included in variable costs.

8 0
3 years ago
Red and White Company reported the following monthly data: Units produced 2,400 units Sales price $ 29 per unit Direct materials
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2 years ago
In the short run, output: Group of answer choices May be altered by varying the size of plant and equipment which now exist in t
Daniel [21]

Answer: The correct answer is "Can vary as the result of using a fixed amount of plant and equipment more or less intensively".

Explanation: In the short run, output: Can vary as the result of using a fixed amount of plant and equipment more or less intensively.

In a short-term context, production can only vary as a result of more intensive use of the plant producing more or less intensive use of the plant producing less.

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