1) Based on the video, which type of

Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper is required to produce a journal. Assume six square

Phantasy [73]

Answer:

Direct Materials = $969,000

Direct Labor = $699,400

Factory overhead = $214,600

WIP = $2,200

Finished Goods = ($2,000)

Cost of Goods = $1,883,200

Explanation:

Direct Materials = $969,000

403,500 x 6 square yards = 2,421,000

2,421,000 + (40,400 - 38,900) = 2,422,500

2,422,500 x 0.40 per square yard = $969,000

Direct Labor = $699,400

403,500 personal journals

403,500 * 8 minutes = 3,228,000 minutes

3,228,000/60 minutes = 53,800

53,800 x $13.00 = $699,400

Prepare a cost of goods sold budget for Daybook Inc. using the information above

Direct Materials = $969,000

Direct Labor = $699,400

Factory overhead = $214,600

WIP ($16,500 - $14,300) = $2,200

Finished Goods ($28,000 - $30,000) = ($2,000)

Cost of Goods = $1,883,200

6 0

3 years ago

Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,600. Budgeted cash rec

professor190 [17]

Answer:

Company should borrow = $15200

Explanation:

Below is the calculation for the borrowing amount:

Cash balance at the beginning = $18600

Add - Cash receipts = 186000

Less- Cash disbursements = (189200)

Budgeted cash balance = 18600 + 186000 - 189200 = 15400

Borrowing will be = Ending cash - 15400

Borrowing will be = 30600 - 15400

Borrowing will be = $15200

Company should borrow = $15200

6 0

3 years ago

You want to provide spending money for your 4 year old during their college years. You can afford to deposit $600/year for the n

umka2103 [35]

Answer:

The Annual investment that you will to make will be $1,069.01

Explanation:

In order to calculate the uniform annual investment that will you have to make on the child's 8th through 17th birthdays to meet this goal, we have to make the following calculations:

First we need to calculate the Amount you have at the end of child's 8th year = 600*(1+0.05)^4 + 600*(1+0.05)^3 + 600*(1+0.05)^2 + 600*(1+0.05)^1 = $2,715.38

Therefore, Value of this amount at the end of 17th year = $2715.38 * (1+0.05)^9 = $4,212.45

So, Amount required to be saved = $16,000 - $4,212.45 = $11,787.55

Therefore, to calculate the annual investment we would have to use the following formula:

FV of annuity = P*[((1+r)^n - 1)/r]

P - Periodic payment =?

r - rate per period = 0.05

n - number of periods = 17-8 = 9

$11787.55 = P*(((1+0.05)^9 - 1)/0.05)

P = $11,787.55/11.03 = $1,069.01

The Annual investment that you will to make will be $1,069.01

8 0

4 years ago

Ganado and Equity Risk Premiums. Maria Gonzalez, Ganado's Chief Financial Officer, estimates the risk-free rate to be 3.50 %

Elza [17]

Answer:

WACC (CAPM) 5.2%

WACC (ICAPM) 5.03%

Explanation:

The weighted average cost of capital is

Ke * E/ E+D + Kd * (1 -t) D / E+D

Ke = Rf + (Rm - Rf) * $\beta$

Ke (CAPM) = 3.50% + (8% - 3.50%) * 1.12

Ke (CAPM) = 7.532%

Kd (CAPM) = Kd (1-t)

Kd (CAPM) = 7.60 (1-39%)

Kd (CAPM) = 4.636%

WACC (ICAPM) : 7.532 * 20% + 4.636 * 80%

WACC (CAPM) = 5.2164%

Ke (ICAPM) = 3.50% + (8% - 3.50%) * 0.86

Ke (ICAPM) = 6.596%

Kd (ICAPM) = Kd (1-t)

Kd (ICAPM) = 7.60 (1-39%)

Kd (ICAPM) = 4.636%

WACC (ICAPM) : 6.596 * 20% + 4.636 * 80%

WACC (CAPM) = 5.03%

7 0

4 years ago

Mr Doolittle has Medicare Parts A and B coverage . He was well during the entire past year. On January 1 , Mr. Doolittle is rush

DerKrebs [107]

The completion of the following Medicare mathematical calculations by putting in the correct amounts is as follows:

a. Medicare payment: $173.60

b. Patient owes Dr. Input: $226.40

c. Dr. Input’s courtesy adjustment: $50

<h3>What is the courtesy adjustment?</h3>

Courtesy adjustment is the write-off of a part of the medical bills to reduce the payment burden on the patients not fully covered by Medicare.

<h3>Data and Calculations:</h3>

Original bill = $450

Unmet deductible = $183

a. Medicare payment: $173.60 ($400 x 43.4%)

b. Patient owes Dr. Input: $226.40 ($400 x 56.6%)

c. Dr. Input’s courtesy adjustment: $50 ($450 - $400)

Learn more about Medicare Payments at brainly.com/question/1960701

#SPJ1

<h3>Question Completion:</h3>

a. Medicare payment:

b. Patient owes Dr. Input:

c. Dr. Input’s courtesy adjustment:

4 0

2 years ago