Reinvesting cash flow allows a firm produce additional products and generate additional sales.

Jones Company incurred the following costs while producing 100 chairs: Units produced 100 chairs Direct materials $10 per unit D

Vikentia [17]

Answer:

The answer is: The ending balance in Finished Goods Inventory is $1,200

Explanation:

First we have to calculate the cost per chair produced, to do this we will find the total cost and divide by the number of chairs produced:

Units produced 100 chairs

Direct materials $10 per unit x 100 = $1,000
Direct labor 15 per unit x 100 = $1,500
Variable manufacturing overhead 3 per unit x 100 = $300
Total fixed manufacturing overhead $2,000

Total costs are $4,800 / 100 chairs = $48 per chair produced

There are 25 chairs left in finished goods inventory (FGI) = 100 - 75 = 25

The ending balance in FGI is = 25 chairs x $48 per chair = $1,200

3 0

3 years ago

Branch managers at First National Bank report to both a retail banking manager and a central operations officer. One of the mana

Rina8888 [55]

Answer: The type of organizational structure that this most closely resembles is the Matrix structure.

Explanation:

When a group of people in business are put into formal groups based on their diverse occupational specialties it is a matrix structure. The groups that are put together based on similar service, products, clients, customers, and the regions that they are from.

The relationships that each person has are usually set up on a reporting grid. They use the grid which is different than a traditional reporting hierarchy. Each manager has a dual reporting relationship with each other. They can work as a regular functional manager and also a product manager.

5 0

3 years ago

Suppose that an investor with a 10-year investment horizon is considering purchasing a 20-year 8% coupon bond selling for $900.

leonid [27]

Answer:

8.67%

Explanation:

PMT (Semi-annual coupon) = par value*coupon rate/2 = 1,000*8%/2 = 40

N (No of coupons paid) = 10*2 = 20

Rate (Semi-annual reinvestment rate) = 7%/2 = 3.5%

Future value of reinvested coupons = FV(PMT, N, Rate)

Future value of reinvested coupons = FV(40, 20, 3.5%)

Future value of reinvested coupons = $1,131.19

FV = 1,000

PMT (Semi-annual coupons) = 40

N (No of coupons pending) = 10*2 = 20

Rate (Semi-annual YTM) = 9%/2 = 4.5%

Price of the bond after 10 years = PV(FV, PMT, N, RATE)

Price of the bond after 10 years = PV(1000, 40, 20, 4.5%)

Price of the bond after 10 years = $934.96

Total amount after 10 years = Future value of reinvested coupons + Price of the bond after 10 years

Total amount after 10 years = $1,131.19 + $934.96

Total amount after 10 years = $2,066.15

Amount invested (Price of the bond now) = $900.

Total Annual Return = [(Total amount after 10 years / Amount invested)^(1/holding period)] -1

Total Annual Return = [($2,066.15/$900)^(1/10)] -1

Total Annual Return = [2.295722^0.1] - 1

Total Annual Return = 1.08665561792 - 1

Total Annual Return = 0.08665561792

Total Annual Return = 8.67%

7 0

3 years ago

Need help ASAP Need help ASAP

TEA [102]

Answer:

number 3 lang ung X 1 2 4 5 heart na

6 0

3 years ago

Read 2 more answers

You are a rookie police officer and are riding with a Field Training Officer (FTO). During your shift the FTO stops at a conveni

seraphim [82]

Answer:

I will report the Field Training Officer to the higher authority.

Explanation:

If I was rookie police officer and are riding with a Field Training Officer (FTO) and he was drinking while on duty, I would report it, because he is endangering my life and his and others around us. It is important to note that irrespective of previous evaluation or submission made on me by the FTO, it is unethical for any trained police officer to take any amount of alcoholic drinks while on duty. Because when someone is under the influence of beers, he/she does not function effectively and may act abnormally.

7 0

3 years ago