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3 years ago

Consider the following items:

1 answer:

6 0

Answer: Long-term assets are assets with a duration of more than one year. From the list the parties classified as long-term assets are three:

- Land

- Buildings

-Equipment

The rest of the games are classified as:

Accounts receivable (short-term assets)

Notes payable (due in three years) (Long-term liabilities)

Accounts payable (Short-term liabilities)

Retained Revenue (Equity)

Prepaid rental (Short-term assets)

Unearned Renvenue (Short-term liabilities)

Notes payable (due in six months) (Short Term Liabilities)

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Gaming Inc. is a popular video game console manufacturer with almost 150 video games to its credit. It has recently launched a s

Westkost [7]

Answer:

Niche Marketing

Explanation:

Niche marketing is a form of marketing/advertising strategy whereby the producer or organization focuses on a particular group or type of target market. It is a marketing strategy that involves focusing on a small segment of a larger market. It is aimed at solving the needs of a unique target market. In this case, the target market is kids or young customers belonging to the age group of between 5 - 12 years of age.

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3 years ago

Hochberg Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool Tota

UkoKoshka [18]

Answer:

The correct answer is 2.39

Explanation:

TOTAL WAGES AND SALARIES = $433,000

DEPRECIATION = $160,000

OCCUPANCY = $169,000

TOTAL = $762,000

here for calculating the activity rate for activity cost pool , we will only use the given percentages of wages and salaries, depreciation and occupancy in the activity cost pool -

Amount Activity cost pool Amount allocated

Wages $433,000 20% $86,600

Depreciation $160,000 10% $16,000

Occupancy $169,000 10% $16,900

TOTAL $119,500

Cost driver machine hours 50,000

Rate per machine hour $119,500 / 50,000

2.39

Therefore the activity rate for activity cost pool is 2.39

4 0

3 years ago

Hayden Company is considering the acquisition of a machine that costs $406,000. The machine is expected to have a useful life of

kow [346]

Answer:

c.4.2 years

Explanation:

The computation of the estimated cash payback period is given below:

As we know that

the estimated cash payback period is

= initial investment ÷ net cash flow per period

= $406,000 ÷ $96,000

= 4.2 years

Hence, the estimated cash payback period is 4.2 year

Therefore the option c is correct

4 0

3 years ago

Rossiter Restaurants is analyzing a project that requires $180,000 of fixed assets. When the project ends, those assets are expe

Leviafan [203]

Answer:

Cash in-flow in the last year.

Explanation:

Salvage value, also known as residual value, is the amount that you receive from sale of Property, Plant, and Equipment at the end of useful life. When computing the NPV of any project, we consider all the relevant cash flows of that project. Since, $45,000 will be received when project ends from sale of Fixed asset, so this figure will be treated as Cash in-flow and discounted.

8 0

3 years ago

Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an ela

Dmitry [639]

Answer:

Material Price Variance= $ 11640 favorable

Material Quantity Variance= $6800 Unfavorable

Explanation:

Becton Labs, Inc.

Standard Quantity= 2.6ounce * 3600 units = 9360 ounces

Actual quantity used: Purchases Less Ending Inventory 13000 ounces- 3300 ounces= 9700 ounces

Actual price : $244,400/13,000= $ 18.8

Standard price : $ 20.00

Material Price Variance= (Actual Price * Actual Quantity)- (Standard Price * Actual Quantity)

Material Price Variance= ($ 18.80 * 9700)-($20.0 *9700)= $ 182360- $ 194000= 11640 Favorable

Material Price Variance= $ 11640 favorable

Material Quantity Variance= (Standard Price * Actual Quantity)-(Standard Price * Standard Quantity)

Material Quantity Variance=($20 *9700)-($ 20 * 9360)

Material Quantity Variance=$ 194000-187200= 6800

Material Quantity Variance= $6800 Unfavorable

Total direct materials variance= $ 11640 favorable -$6800 Unfavorable

Total direct materials variance= 4840 favorable

2. Yes they should as he is offering less price than the standard price.

Even if more material is used the total material variance is favorable indicating a gain not a loss.

7 0

3 years ago