When the goods are sold, their costs are transferred from work in process to finished goods.

(8 points) The following information relates to the Windsor Company.DateEnding Inventory(End-of-Year Prices)PriceIndexDecember 3

ad-work [718]

Answer:

Windsor Company

year Inventory Indexes Inventory Change from prior y

at year prices at base year price

2013 $63,500 100 63,500 -

2014 105,434 119 88,600 25,100

2015 113,446 131 86,600 (2000)

2016 128,792 136 94,700 8,100

2017 118,158 141 83,800 (10,900)

Dollar Value Inventory

Dec 31 , 2013 $63,500 at 1.00 $63,500

Dec 31, 2014 $63,500 at 1.00 $63,500

25,100 * 1.19 29,869

93,369

Dec 31 2015 $63,500*1.00 63,500

23,100*1.19 27,489

90,989

Dec 31, 2016 $63,500*1.00 63,500

23,100*1.19 27,489

8,100*1.36 11,016

102,005

Dec 31 , 2017 $63,500*1.00 63,500

20,300*1.19 24,157

87,657

Explanation:

7 0

3 years ago

A corporate bond has a face value of $1,000 and a coupon rate of 5%. The bond matures in 20 years and has a current market price

user100 [1]

Answer: 4.10%

Explanation:

Solve for the current rate being used using the RATE function on Excel.

Number of periods = 15

Payment = 1,000 * 5% = 50

Present value = Current market price - floatation costs = 900 - 25 = 875

Future value = 1,000 face value

The result will be:

= 6.31%

If tax is 35%, after-tax cost is:

= 6.31% * (1 - 35%)

= 4.10%

8 0

2 years ago

Scenario

alekssr [168]

Answer:

Create a guide that security personnel will use that includes procedures for implementing an access control change.

Explanation:

The procedure guide must contain the steps Always Fresh security personnel should take to evaluate and

implement an access control change. You can assume any change requests you receive are approved.

Ensure that your procedures include the following:

▪ Status or setting prior to any change

▪ Reason for the change

▪ Change to implement

▪ Scope of the change

▪ Impact of the change

▪ Status or setting after the change

▪ Process to evaluate the change

Required Resources

▪ Internet access

▪ Course textbook

Submission Requirements

▪ Format: Microsoft Word (or compatible)

▪ Font: Arial, size 12, double-space

▪ Citation Style: Follow your school’s preferred style guide

Self-Assessment Checklist

▪ I created a procedure guide that provides clear instructions that anyone with a basic technical

knowledge base can follow.

▪ I created a well-developed and formatted procedure guide with proper grammar, spelling, and

punctuation.

▪ I followed the submission guidelines.

7 0

2 years ago

Suppose that the market for haircuts in a community is perfectly competitive and that the market is initially in long-run equili

Sonja [21]

D is the correct Answer bro

7 0

3 years ago

Precision Systems manufactures CD burners and currently sells 18,500 units annually to producers of laptop computers. Jay Wilson

hram777 [196]

Answer:

a. What increase in the selling price is necessary to cover the 15 percent increase in direct labor cost and still maintain the current contribution margin ratio of 40 percent?

estimated production costs per unit:

direct materials $10

direct labor $23

overhead $30

total $63

if we want contribution margin to remain at 40%, then selling price = $63 / (1 - 40%) = $105

to verify our answer, contribution margin = $105 - $63 = $42 / $105 = 40%

b. How many units must be sold to maintain the current operating income of $350,000 if the sales price remains at $100 and the 15 percent wage increase goes into effect?

if sales price doesn't change, then contribution margin = $37 (not $40)

units sold to keep profit at $350,000 = ($350,000 + $390,000) / $37 = 20,000 units per year

c. Wilson believes that an additional $700,000 of machinery (to be depreciated at 20 percent annually) will increase present capacity (20,000 units) by 25 percent. If all units produced can be sold at the present price of $100 per unit and the wage increase goes into effect, how would the estimated operating income before capacity is increased compare with the estimated operating income after capacity is increased? Prepare schedules of estimated operating income at full capacity before and after the expansion.

working at full capacity, sales price $100 (unchanged) and direct labor costs increasing by 15%

capacity 20,000 capacity 25,000

sales revenue $2,000,000 $2,500,000

direct labor $460,000 $575,000

direct materials $200,000 $250,000

overhead $600,000 $750,000

fixed costs $390,000 $670,000

operating revenue $350,000 $255,000

The expansion will result in lower operating profits ($95,000 less) so it should be discarded.

7 0

3 years ago