1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Klio2033 [76]
3 years ago
10

Hall Corporation reported the following operating results for two consecutive years.

Business
1 answer:
Strike441 [17]3 years ago
3 0

Answer:

                         2014 2013 %CHANGE

SALE           1297000 1001000      29.6%

COGS             797655 600600      32.8%

Gross margin     499345 400400       24.7%

operating expenses  302000 198000        52.5%

Income before tax  197345 202400        -2.5%

taxes                  61400     52600 16.7%

Net income              135945 149800 -9.2%

Explanation:

%change = (2014 - 2013)/2013

2014 and 2013 represent each line item in the income statement

You might be interested in
Suppose that the equation for the SML is Y = 0.05 + 0.07X, where Y is the average expected rate of return, 0.05 is the vertical
timurjin [86]

Answer:

Risk free interest rate is 5%

Y is 15.5% at a Beta of 1.5

X is 0.29 when Y is 7%

Explanation:

Risk free interest is 0.05 which 5% as given in the equation

The average expected return is given by Y

Y=0.05+0.07X

Since Beta is the same as X, when equals 1.5,Y is calculated thus

Y=0.05+0.07(1.5)

Y=0.05+0.105

Y=0.155

Y=15.5%

The value of Beta at an average return of 7% is computed thus:

7%=0.05+0.07X

where X is the unknown

0.07=0.05+0.07X

0.07-0.05=0.07X

0.02=0.07X

X=0.02/0.07

X=0.29

The scenario  illustrates that the Beta, which is the risk of investment and the Y , the expected average return are positively correlated.

6 0
3 years ago
You are a newspaper publisher. You are in the middle of a one-year rental contract for your factory that requires you to pay $50
Anettt [7]

Answer and Explanation:

The computation is shown below:

Fixed cost is

= $500,000 + $1,000,000

= $1,500,000

And, the marginal cost is

= $0.25 + $0.10

= $0.35 per paer

Now

as we know that

AFC = FC ÷ Q

Now for At 1,000,000 papers,

AFC is

= 1,500,000 ÷ 1,000,000

= $1.50/mo

At 800,000 , it would be

AFC = 1,500,000 ÷ 800,000

= $1.875/mo

MC = $0.35 per paper  and the same is not changed

Now for break even, the average total cost is

ATC = AFC + AVC

ATC = FC ÷ Q + VC ÷ Q

VC = MC × Q

ATC = FC ÷ Q + MC

ATC = FC ÷ Q + 0.35

At Q = 1,000,000,

ATC = 1.50 + 0.35

ATC = $1.85

At Q = 800,000 , it would be

ATC = 1.875 + 0.35

=  $2.225

As it can be seen that

The AFC changes from 1.50 to 1.875 which shows an increment of 0.375.

The MC remains constant or same  at 0.35 as the printing and delivery costs per paper are remain same

And, The minimum amount that we must charge to break even rises i.e. from 1.85 to 2.225. That is a rise of 0.375

6 0
3 years ago
Anne mcnair is planning to take a course in business communications. her studies are likely to involve two-way exercises that en
natta225 [31]
That statement is True.
<span>two-way exercises always brought a more positive result for any types of the education process.
In order to make the education process become efficient, it is important for the learners to keep an open mind and not afraid to ask answers for the things that they couldn't understand and it is important for the speaker to have a deep knowledge regarding the subject</span>
3 0
3 years ago
________ means the receiver of the message has become mentally engaged in some way with the ad and the product.
GarryVolchara [31]

Answer:

Interest

Explanation:

I majored in Business

4 0
3 years ago
Broomhilda manufactures broomsticks for her fellow witch (and wizard) friends. Broomhilda uses a job order cost system and appli
nika2105 [10]

Answer:

Broomhilda

1. Predetermined overhead rate = overhead costs/direct labor costs

= $840,000/$700,000

= $1.20 per direct labor cost

2.  Job Cost Sheets for           Job 50      Job 51      Job 52

Beginning balances:

Direct materials                    $20,000

Direct labor                            $12,000

Manufacturing overhead      $16,000

3. Journal Entries for the purchase of raw materials and manufacturing overhead costs:

Debit Raw materials $90,000

Credit Accounts Payable $90,000

To record the purchase of raw materials on account.

Debit Manufacturing overhead $65,000

Credit Raw materials $17,000

Credit Wages $20,000

Credit Depreciation expense $12,000

To record the manufacturing overhead incurred.

4. Debit Job 50 $21,000

Credit Raw materials $10,000

Credit Direct labor $5,000

Credit Manufacturing overhead $6,000

To record the assignment of direct materials, direct labor, and manufacturing overhead costs to Job 50.

Debit Job 51 $94,000

Credit Raw materials $39,000

Credit Direct labor $25,000

Credit Manufacturing overhead $30,000

To record the assignment of direct materials, direct labor, and manufacturing overhead costs to Job 51

Debit Job 52 $74,000

Credit Raw materials $30,000

Credit Direct labor $20,000

Credit Manufacturing overhead $24,000

To record the assignment of direct materials, direct labor, and manufacturing overhead costs to Job 52

5.  Job Cost Sheets for           Job 50      Job 51      Job 52

Beginning balances:

Direct materials                    $20,000

Direct labor                            $12,000

Manufacturing overhead      $16,000

Direct materials                     $10,000      $39,000     $30,000

Direct labor                             $5,000      $25,000     $20,000

Manufacturing overhead       $6,000      $30,000     $24,000

Total                                      $69,000      $94,000

6. Debit Accounts Receivable $280,000

   Credit Sales Revenue $280,000

To record the sale of goods (Jobs 49 and 50 for $122,000 and $158,000, respectively).

Debit Cost of Goods Sold $159,000

Credit Job 49 $90,000

Credit Job 50 $69,000

To record the cost of goods sold for Jobs 49 and 50.

7. Finished Goods Inventory balance = $94,000

This balance consists of Raw materials $39,000, Direct labor $25,000, and Manufacturing overhead $30,000 for Job 51.

8. The amount of over-or underapplied overhead:

Overhead incurred = $65,000

Overhead applied =   $60,000

Underapplied =            $5,000

Debit Cost of Goods Sold $5,000

Credit Manufacturing overhead $5,000

To close the underapplied overhead to the cost of goods sold.

Explanation:

Jobs 50 costs prior to September:

direct materials $20,000,

direct labor $12,000, and

manufacturing overhead $16,000

Total costs so far = $$48,000

Job 49 completed at a cost of $90,000

Beginning balance of Raw Materials Inventory = $15,000

Started Jobs 51 and 52, completed Jobs 50 and 51

Sold Jobs 49 and 50 on account for $122,000 and $158,000, respectively.

Additional events:

Raw materials purchased on account = $90,000

Manufacturing overhead incurred:

indirect materials $17,000

indirect labor $20,000

depreciation expense on equipment $12,000

Various manufacturing overhead = $16,000

Total = $65,000

Assignment of direct materials and direct labor to jobs:

Job no.   Direct Materials   Direct Labor   Manufacturing overhead

50                  10,000            5,000              $6,000

51                  39,000          25,000            $30,000

52                 30,000          20,000           $24,000

Estimated total manufacturing overhead costs = $840,000

Estimated direct labor costs = $700,000

Predetermined overhead rate = overhead costs/direct labor costs

= $840,000/$700,000

= $1.20 per direct labor cost

4 0
2 years ago
Other questions:
  • Suppose there are monopoly profits in the production of​ airplanes, but two countries are each determined to capture the industr
    12·1 answer
  • Ray started out with one small print shop. His business has grown so much that he now has two other branches across town. Ray ha
    13·2 answers
  • 1. Why is it important to be able to write out a check properly ?
    5·1 answer
  • Several months ago, a restaurant developed a new appetizer that is a hit with customers. Many customers go to the restaurant jus
    11·1 answer
  • If a target was purchased for $1,500.0m with an equity contribution of $500.0m, what is the enterprise value of the target if it
    9·1 answer
  • If the federal government requires the State of Oklahoma to install concrete barriers which line a road leading into a federal m
    5·1 answer
  • The Age Discrimination in Employment Act of 1967 prohibits discrimination against employees aged _______ and older. Group of ans
    13·2 answers
  • ________ can be very useful in helping visualize where to make strategic changes to either move your product closer to the main
    15·1 answer
  • Even after commencement of business operations, officers and directors have a responsibility to comply with _______.
    13·1 answer
  • An individual who previously worked as a salaried corporate attorney loses his or her job. Subsequently, the individual now work
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!