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3 years ago

True if you pay only the minimum amount each month towards your credit card bill?

1 answer:

5 0

I don't really understand your question but it is bad to pay only the minimum towards your credit card, interest rates will keep adding to your bill.

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Adriana Corporation manufactures football equipment. In planning for next year, the managers want to understand the relation bet

irga5000 [103]

Answer:

Adriana Corporation

Using the High and Low method the Variable and Fixed portions of the Total Cost is:

Fixed Costs = $247,420

Variable Costs = $39.50 Per unit x 8,020 Machine Hours = $316,790

B. at an average of 7,500hrs Machine hours, the estimated Overhead costs = $247,420 x (39.50 x 7,500)

= $543,670

Explanation:

The High and Low Method is a costing method which attempts to split the mix of Fixed and Variable costs in a mixed Total cost of production by looking at one element of variability (in this case Machine Hours)

It is a subjective approach, however simple to calculate. Other method is the regression analysis, which is more complex in comparison to the high and Low

The attached excel file shows how we derived the Variable and Fixed Costs element of the Overhead Costs

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Download xlsx

5 0

3 years ago

Scenario 5 Guemmer Specialty Foods can produce their famous cherry pies at a rate of 1650 cases per day (this is the daily produ

Arturiano [62]

Answer:

c) Annual set up cost= $9878.04

Explanation:

Economic batch quantity (EBQ) is also known as economic production run, It is the optimum production run that a manufacturer should operate to minimize set up cost and carrying cost.

Carrying cost is the cost of keeping inventory while set up cost is cost of getting machines ready for production

Annual inventory cost = = Set up cost per run× Annul demand / EBQ

Annual demand / the economic production run(EBQ)

It is calculated as follows:

Economic batch quantity =√2× Co× D / Ch(1-D/P)

Where ,

D - annual demand - 62,500

Ch -holding cost per unit per annum - $11.50

Co- set up cost - $320

Production rate = 1650 units per day × 250 days =412,500 units

Economic batch quantity

= √(2× 320× 62,500) / (11.50× (1- 62500/412500) )

=2024.69 units

Annual set up cost

= Set up cost per run × Annul demand / EBQ

= $320× 62,500/2024.69

Annual set up cost= $9878.04

6 0

2 years ago

Completed Per Day

Ratling [72]

Answer:

The correct option is A, Samantha weed and Adam will rake because these are the goods each has a comparative advantage in.

Explanation:

The opportunity formula comes handy in this case, which is given below:

opportunity cost formula=what one sacrifices/what one gains

If Samantha were to weed flower beds, opportunity cost is computed thus:

Opportunity cost of Samantha weeding flower beds=8/4= 2 bags of leaves raked

The opportunity of Adam weeding flower beds=25/5 =5 bags of leaves raked.

In a nutshell ,if Samantha weeds flowers they would lose 2 bags of leaves raked while if Adam were to do so same, they would lose 5 bags of leaves raked, conclusively Samantha should weed flower beds since she has lower opportunity, higher comparative advantage

4 0

3 years ago

Jeremy is an effective leader who is capable of helping his subordinates complete their tasks. However, he is considered intimid

I am Lyosha [343]

Answer:

Transactional leadership style

Explanation:

Transactional leadership style is where the leader is focused on the overall goals of the company and getting things done instead of building a more long term social relationship. The leader is focused on a more professional relationship which benefits all the involved parties in such a way that is limited to the company only.

7 0

3 years ago

Inferring Transactions from Financial Statements

denpristay [2]

Gap's cost of goods sold is $10,258 million and Cash paid to supplier is $10,447 million.

Let understand that Cost of good sold refers to amount of expenses incurred to produce the goods produced by a firm.

The formulae for deriving the Cost of Goods Sold is {Beginning Inventories + Purchases – Ending Inventories}.

Information given are Purchased inventories $10,392, Ending inventories $2,131 and Beginning inventories $1,997

Cost of goods sold = $1,997 + $10,392 - $2,131

Cost of goods sold = $10,258

In conclusion, the amount of Gap's cost of goods sold is $10,258

Let understand that Cash paid to accounts payable refers to net amount paid to supplier of goods.

The formulae for deriving the Cash paid to accounts payable is Beginning balance for 2015 + Purchases - Ending balance for 2015

Cash paid to accounts payable = $1,181 + $10,392 - $1,126

Cash paid to accounts payable = $10,447

In conclusion, the amount of Gap's Cash paid to supplier is $10,447

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6 0

2 years ago