Answer:
She should continue producing 20 wedding cakes a month.
Explanation:
From the information in the question
Revenue per unit= Total revenue/Units produced
Revenue per unit= 5000/20= $250
We were given the marginal cost as $200
So our revenue per month ($250) is higher than marginal cost ($200)
Yam is making a profit of $50, so she should continue producing 20 cakes per month
Answer:
Accepted and rejected
Explanation:
Since the internal rate of return is 13.09% and the WACC is 12.68%
As we can see that the internal rate of return is higher than the WACC as WACC is considered as the discount rate
So the project should be accepted
And, if CAPM is used
So, the expected rate of return is
If CAPM is used
Risk-free rate of return + Beta × market risk premium
= 2.9% + 1.42 × 8.1%
= 2.9% + 11.502%
= 14.40%
And, The Internal rate of return = 13.09%
Since the internal rate of return is less than the expected rate of return therefore the project should be rejected
Answer:
Power.
Explanation:
A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her. Also, they provide guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.
Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information.
Some types of power expressed by leaders are referent power, coercive, etc.
In this scenario, Nour is usually takes charge of the situation and gets people moving toward the group's objective. Thus, Nour probably has a high need for power because he's more often than not in charge and control while getting his team members to achieve the set objective.
Answer: (A) Control deficiency
Explanation:
The control deficiency is the type of situation in which the operation and the designing of the control are not allowing the management and an employee performing the various type of assigned function.
The control deficiency process occur when the person are involving with the authority in the transaction cycle.
This situation is usually occur in an larger type of an organization. The deficiency may be on the financial report that control internally.
Therefore, Option (A) is correct.
Answer:
Explanation:
1. The computation of the balance in retained earnings is shown below:
= Beginning retained earning balance + adjusted net income
where,
Beginning retained earning balance is $780,000
And, the adjusted net income is = Inventory × ( 1 - tax rate)
= $60,000 × (1 - 40%)
= $36,000
Now put these values to the above formula
So, the value would equal to
= $780,000 + $36,000
= $816,000
2. The journal entry is shown below:
Inventory A/c Dr $60,000
To Retained earning A/c $36,000
To Tax payable A/c $24,000
(Being inventory is adjusted and the remaining balance is credited to tax payable account)
