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Tems11 [23]
3 years ago
8

Waterway Industries incurs the following costs to produce 11800 units of a subcomponent: Direct materials $9912 Direct labor 133

34 Variable overhead 14868 Fixed overhead 16200 An outside supplier has offered to sell Waterway the subcomponent for $2.85 a unit. If Waterway accepts the offer, by how much will net income increase (decrease)?
Business
1 answer:
Alex Ar [27]3 years ago
4 0

Answer:

If the company buys the subcomponent, the company will save $4,484.

Explanation:

Giving the following information:

Production= 11,800 units

Direct materials= $9,912

Direct labor= $13,334

Variable overhead= $14,868

Total variable cost= $38,114

An outside supplier has offered to sell Waterway the subcomponent for $2.85 a unit.

We have no reason to believe that the fixed costs are avoidable. Therefore, they take no part in the decision making process.

Total cost of production= 38,114

Total cost of buying= 11,800*2.85= 33,630

If the company buys the subcomponent, the company will save $4,484.

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The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance
Virty [35]

Answer:

A)

Bank reconciliation:

Bank balance Augusts 31                    $18,340

+ Deposits in transit                              $2,830

<u>- Outstanding checks                           $3,520</u>

Reconciled bank account                   $17,650

Cash balance reconciliation:

Cash balance August 31                     $17,350

+ Error in recording check                      $360

<u>- Bank fees                                                 $60</u>

Reconciled cash account                   $17,650

B) Cash account balance $17,650

5 0
3 years ago
The balance sheet data of Corinne Company at the end of 2025 and 2024 follow: 2025 2024 Cash $50 $70 Accounts receivable (net) 3
dezoksy [38]

Answer:

Corinne Company

Investing Activities Section of the Statement of Cash Flows:

Equipment sales         $12

Equipment bought   ($58)

Net cash used          ($46)

Explanation:

a) Data and Calculations:

Balance Sheet of Corinne company at the end of 2025 and 2024:

                                                 2025        2024

Cash                                           $50          $70

Accounts receivable (net)         320          270

Buildings and equipment         200           150

Accumulated depreciation

- buildings and equipment      (36)            (16)

Land                                          180              80

Totals                                      $714         $554

Accounts payable                  $180          $146

Notes payable- bank long term  0             80

Mortgage payable                     60               0

Common stock, $10 par           418            318

Retained earnings                     56              10

Totals                                      $714         $554

b) other information:

Land and Common Stock exchange

Equipment sold for $12 (cost $10 and book value $8)

Cash dividends $20

c) Equipment account

Beginning balance 150

Equipment sold        -8

Balance                   142

Closing balance    200

Purchase of new     58 (200 - 142)

5 0
3 years ago
Discuss and analyze a situation where you worked on a team/ project team consisting of diverse or intercultural team members
Alexeev081 [22]

Explanation:

a. What were some good and/or poor examples of communication?

Intercultural communication in the workplace can generate some significant difficulties, in an intercultural work team, there may be behaviors of certain members that differ from the rest of the group, which can mean lack of integration of the team due to lack of respect and interest to the cultural values ​​of a particular member.

b. Discuss any examples or interpretation of cultural differences as described in Hoftstede's Cultural Values chart on p. 46 of your text (i.e. individualism, time orientation, formality, etc.).

Formality can be interpreted differently according to different cultures. In a more flexible culture like the American one, for example, formality may not be so expressed through the use of formal language and dress, whereas in a less flexible culture, this can be seen as a disrespect, as they can establish a more serious and formal communication in the workplace.

c. Is there anything that could have been done to make the communication more effective?

To make intercultural communication more effective, it is necessary above all to respect the individual values ​​of an individual that exist in certain ways in some situations. The ideal is that people are open to learn and exchange experiences, willing to help the individual to integrate into the group, and above all to act in an ethical and respectful way always.

7 0
2 years ago
9. Should all poetry, music or art be beautiful? Explain.
Leviafan [203]
This question is mainly about YOUR opinion. Many will say that it will, but some will say it shouldn't. This is based entirely on your opinion. 
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3 years ago
For each scenario, decide whether it creates a producer or a consumer surplus. Then, calculate the ensuing surplus.
Gnom [1K]

Answer:

Alice's consumer surplus =  $5

Jeff's consumer surplus = $16

Nicole's producer surplus = $1

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of a good.

Consumer surplus = willingness to pay - price of the good

Producer surplus is the difference between the price of a good and the least price the producer is willing to accept

Producer surplus = price of the good - least price the producer is willing to accept

Alice's consumer surplus = $30 - ($35 - $10) = $5

Jeff's consumer surplus = $20 - [$16 - (0.75 x $16)] = $16

Nicole's producer surplus = $501 - $500 = $1

5 0
3 years ago
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