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lilavasa [31]
3 years ago
7

Taylor Inc. has some material that originally cost $65,500. The material has a scrap value of $56,300 as is, but if reworked at

a cost of $1,750, it could be sold for $55,700. What would be the financial advantage (disadvantage) of reworking and selling the material rather than selling it as is as scrap
Business
1 answer:
fgiga [73]3 years ago
5 0

Answer:

-$2,350

Explanation:

In this question, we have to compare the cost which is shown below:

If we considered the reworked cost, then the sales would be

= Sales - reworked cost

= $55,700 - $1,750

= $53,950

And the scrap value is $56,300

So, the financial disadvantage would be

= Sales without reworked cost - scrap value

= $53,950 - $56,300

= -$2,350

All other information which is given is not relevant. Hence, ignored it

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Generally, a high ___________ ratio could lead investors and creditors to view the company as being very risky debt to owners' e
Ipatiy [6.2K]

High <u>debt to owner's equity ratio. </u>

This is total liabilities divided by total assets and shows a company's financial leverage, also known as their ability to handle current and future financial obligations.

6 0
3 years ago
Read 2 more answers
A product has annual demand of 100,000 units. The plant manager wants production to follow a four-hour cycle. Based on the follo
vova2212 [387]

Answer: The options are given below:

A. $18.00

B. $1,036.80

C. $2.00

D. $7.20

E. $64.00

The correct option is D. $7.20

Explanation:

From the question above, we were given:

Annual demand = 100,000 units

Production = 4 hour cycle

d = 400 per day (250 days per year)

p = 4000 units per day

H = $40 per unit per year

Q = 200

We will be using the EPQ or Q formula to calculate the cost setup, thus:

Q = √(2Ds/H) . √(p/(p-d)

200=√(2x400x250s/40 . √(4000/(4000-400)

200=√5,000s . √1.11

By squaring both sides, we have:

40,000=5,550s

s=40,000/5,550

s=7.20

4 0
3 years ago
A type of manager that supports first line managers is known as
gayaneshka [121]

Answer:

First-line managers operate their departments. They assign tasks, manage work flow, monitor the quality of work, deal with employee problems, and keep the middle managers and executive managers informed of problems and successes at ground level in the company.

Explanation:

7 0
2 years ago
JDS Foods’ projected benefit obligation, accumulated benefit obligation, and plan assets were $65 million, $55 million, and $37
Kitty [74]

Answer:

a) $28 Million

b) -$24 Million

Explanation:

The first part of the question is to determine the pension liability tht should be reported in the balance sheet

To do this, we use the following formula

Projected Benefit Obligation - The Plan Assets

= $65 million - $37 Million = $28 Million

Part B) This part says to dettermine the amount JDS would report if the planned asset increase to $89 million

The formula Projected Benefit Obligation - The Plan Assets  still should be used but there is a difference as follows

$65 million - $89 Million = -$24 Million

6 0
3 years ago
Italian Stallion has the following transactions during the year related to stockholders’ equity. February 1 Issues 5,000 shares
bixtya [17]

Answer:

The Journal entries are as follows:

(a) On Feb 1,

Cash A/c (5,000 × $15)          Dr. $75,000

To common stock                                        $75,000

(To record the issue of shares)

(b) On May 15,

Cash A/c (500 × $12)                   Dr. $6,000

To Preferred stock  (500 × $10)                         $5,000

To Paid in capital in excess of par                      $1,000

(To record the issue of preferred shares)

(c) On Oct 1,

Dividend Expense A/c (5,500 × $0.75)          Dr. $4,125

To Dividend Payable                                                            $4,125

(To record the declaration of dividend)

(d) On Oct 15,

No Journal entry would be passed.

(e) On Oct 31,

Dividend Payable A/c             Dr. $4,125

To cash                                                       $4,125

(To record the payment of dividend)

5 0
3 years ago
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