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likoan [24]
4 years ago
14

Fun-Time Novelties, makers of stickers and other party favors, has seen remarkable growth in the last few years. This has requir

ed managers such as Celine, head of shipping for the company, to assign tasks to subordinates. Celine is making use of a process known as _________.
Business
1 answer:
Sergio [31]4 years ago
6 0

Answer:

Delegation.

Explanation:

As Fun-Time Novelties, makers of stickers and other party favors, has seen remarkable growth in the last few years. This has required managers such as Celine, head of shipping for the company, to assign tasks to subordinates. Celine is making use of a process known as delegation. Delegation can be defined as assigning of an authority to another person, mostly it is done by a manager when he or she assigns any work to his or her subordinates in order to accomplish certain tasks and activities. The person who delegates the work is still held responsible and accountable for the work which he or she has delegated to someone else.

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Castille Corp. purchases, for $600,000, land upon which a building and a dilapidated shed are situated. Castille plans to use th
Alchen [17]

Answer:

b. $120,800.00

Explanation:

Cost of the land $ 600,000/-

Associated expenses:

Razing down the shed: $ 5000

income from scrap: $ 1000

Total expenses $ 4000

The total cost of land =600,000+4000= $ 604,000

Tax allocation: land and building $ 500,000

land allocation will be: 100,000/500,000 x$ 604,000

     =0.2x604,000

     =$120,800.00

5 0
3 years ago
Tim wants to buy an apartment that costs $2,225,000 with an 85% LTV mortgage. Tim got a 30 year, 3/1 ARM with an initial teaser
Vika [28.1K]

Answer:

monthly payment = $10,009 (rounded to nearest dollar)

Explanation:

A 3/1 adjustable rate mortgage (ARM) means that the monthly payment will be fixed during the first 3 years only. Then they should vary, although the variance is generally upwards. The monthly interest can be calculated by using the present value of an annuity formula:

monthly payment = present value of the loan / annuity factor

  • present value of the loan = $2,225,000 x 85% = $1,891,250
  • PV annuity factor, 0.40625%, 360 periods = 188.9615

monthly payment = $1,891,250 / 188.9615 = $10,008.65256 ≈ $10,009

4 0
4 years ago
Sinclair Company's single product has a selling price of $25 per unit. Last year the company reported a profit of $20,000 and va
Bogdan [553]

Answer:

The correct answer is 15,000 units.

Explanation:

Sales Percent = 100 - CMR

= 100 - 40% = 60%

Sales = (Variable Expenses ÷ Sales Percent )

= ($1,80,000 ÷ 60 × 100 )

=$3,00,000

Contribution Margin Ratio(CMR) = Sales - Variable Cost

= $3,00,000 - $1,80,000

=$1,20,000

Fixed cost = Contribution Margin - Profit

= $1,20,000 - 20,000

=$1,00,000

Current Year Contribution Margin = Reduced Selling Price - (Selling Price Per Unit × Sales Percent)

= $23 - ($25 × 60% ) = $8

Number of Units to be Sold = Contribution Margin + Profit ÷ Contribution Margin Per Unit

= $1,00,000 + $20,000 ÷ $8

= $1,20,000 ÷ $8

= 15,000 units

According to the Analysis, 15,000 units must be sold in the current year .  

4 0
4 years ago
Kuhn does not have any retained earnings available to finance this project, so the firm will have to issue new common stock to h
soldi70 [24.7K]

Answer:

No debt so:

WACC = cost of equity = 13.404%

Explanation:

We calculate the cost of equity using the dividend grow model

\frac{D_1}{return-growth} = Price

because there is cost for the issuance, the collected cash from the isuance will be price - flotacion x price so P(1-f)

then we clear for return, which is the cost of equity:

\frac{D_1}{K_e-growth} = Price(1-f)

\frac{D_1}{Price(1-f)} = K_e-growth

\frac{D_1}{Price(1-f)} +growth = K_e

$K_e =\frac{D_1}{P(1-f)} +g

D1 1.36

P 33.35

f 0.03

g 0.092

Equity Cost 0.134040835

We have no information about debt outstanding in the company, so we should assume is zero.

Therefore the WACC would be equal to the cost of equity

13.404%

5 0
3 years ago
Amos, Inc. uses a standard cost system with the following labor standards for one unit of product: standard hours 0.2 and standa
andriy [413]

Answer:

$529.34 favorable and $1,111 unfavorable

Explanation:

The computation of the direct labor rate variance is shown below:  

= Actual Hours × (Actual rate - standard rate)  

= 3,781 hours × ($41,066 ÷ 3,781 hours  - $11 per hour)  

= 3,781 hours  × ($10.86 per hour  - $11 per hour)  

= $529.34 favorable

And, the efficiency variance is

= (Standard hours - Actual hours) × standard rate

where,

Standard hours is

= 18,400 units × 0.2

= 3,680 hours

Actual hours is 3,781 hours

So, the efficiency variance is

= (3,680 hours - 3,781 hours) × $11

= $1,111 unfavorable

7 0
3 years ago
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