Which of these factors helped hide economic problems in the 1920s?

Financial risk management is a component of enterprise risk management (ERM). ERM encompasses the methods and procedures used by

KiRa [710]

Answer:

Business risk.

Explanation:

Business risk (uncertainty associated with the ability to forecast EBIT due to factors such as sales variability and operating leverage).

6 0

3 years ago

During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per

liraira [26]

Answer:

Net operating income= 374,500

Explanation:

Giving the following information:

Direct materials= $5

Direct labor= $3 per unit

Variable overhead= $4 per unit

Fixed overhead= $189,000.

The company produced 21,000 units, and sold 15,500 units

Under the absorption costing method, the unitary product cost is calculated using the direct material, direct labor, and total unitary overhead.

First, we need to calculate the unitary fixed overhead:

Unitary fixed overhead= 189,000/21,000= $9

Now, we can calculate the unitary product cost

unitary product cost= 5+3+4+9= $21

We need to determine the sales, therefore, we will reverse engineer the variable costing income statement:

Net operating income= 325,000

Fixed costs= 189,000

Variable costs= (5+3+4)*15,500= 186,000

=total sales= $700,000

Finally, we determine the net operating income under absorption costing:

Sales= 700,000

Cost of goods sold= (21*15,500)= (325,500)

Net operating income= 374,500

5 0

4 years ago

Read 2 more answers

The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars): Pretax

Amiraneli [1.4K]

Answer:

$108

Explanation:

The computation of the taxable income is shown below:

= Pre accounting income + Overweight fines (not deductible for tax purposes) + depreciation expenses - depreciation in the tax return using MACRS

= $150 + $5 + $65 - $112

= $108

We simply added the overweight fines, and depreication expenses and deduct the deprecation in the tax return to the pre accounting income so that the taxable income could arrive

Plus we ignored the applicable tax rate i.e 25%

7 0

3 years ago

5. Hazelwood School District is located in Sleepy Hollow Township. It is being sued by several teachers who applied for teaching

UNO [17]

Answer:

The plaintiffs will probably win because the school district is clearly discriminating against African American teachers.

Title VII of the Civil Rights Act establishes that it is illegal to discriminate against job applicants based on race, ethnic background, gender, sexual preferences, religion, etc.

Since 15.4% of all certified teachers in the district are African Americans, you would expect that the number of teachers employed by the school district would be similar. It doesn't have to be exact, but it should be a closer number, not 1.8%.

7 0

4 years ago

At nick's bakery, the cost to make homemade chocolate cake is $3 per cake. as a result of selling three cakes, nick experiences

Kazeer [188]

Producer surplus is the difference between the amount a producer of a good receives and the minimum amount the producer is willing to accept for the good.

Cost to make 1 cake= $3

FIND SURPLUS PER CAKE
Surplus divided by 3 cakes
$19.50 ÷ 3= $6.50 surplus per cake

SALE PRICE OF CAKES
$3 cost + $6.50 surplus= $9.50

ANSWER: He must be selling his cakes for $9.50.

Hope this helps! :)

3 0

3 years ago