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3 years ago

1. What method of mass production increased the supply and reduced the cost of the automobile?

Business

1 answer:

Lera25 [3.4K]3 years ago

8 0

Answer:

the moving assembly line

Explanation:

The assembly line was one of Henry Ford's greatest contributions and achievements. On November 13, 1913, Henry Ford first used a moving assembly line to mass produce a complete car. This "invention" reduced the time necessary to manufacture a car from 12 hours to 2.5 hours, and it lowered the price of cars significantly (model T).

Ford's moving assembly line relied heavily on worker specialization and changed the way factories worked around the world.

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Ware Co. produces and sells motorcycle parts. On the first day of its fiscal year, Ware issued $35,000,000 of five-year, 12% bon

nlexa [21]

Answer:

Cash proceeds is $37,702,607.23

First premium amortization $214,869.64

Second premium amortization is $225,613.12

First year interest expense is $ 3,759,517.24

Explanation:

The amount of cash proceeds from the bond issue is the pv of the bond using the pv formula,=-pv(rate,nper,pmt,fv)

rate is 10% yield to maturity divided 2 since interest is semi-annual i.e 5%

nper is 5 years multiplied by 2=10

pmt is the semi-annual interest payable by the bond i.e $35,000,000*12%*6/12=$2,100,000

fv is the face value of the bond at $35,000,000

=-pv(5%,10,2100000,35000000)

pv=$37,702,607.23

The amount of premium to be amortized in first semi-annual interest payment:

Interest expense=$$37,702,607.23*10%/2=$1,885,130.36

coupon interest=$35,000,000*12%/2=$2,100,000

Premium amortized=$2,100,000-$1,885,130.36

premium amortized=$214,869.64

The amount of premium to be amortized in second semi-annual interest payment:

interest expense=($37,702,607.23+$2,100,000-$1,885,130.36)*10%/2

=$1,874,386.88

Premium amortized=$2,100,000-$1,874,386.88

premium amortized=$225613.12

Bond expense for the first payment= 37,702,607.23*10%/2

=$1,885,130.362

Bond expense for the first payment= 37,487,737.59 *10%/2

=$ 1,874,386.88

First year bond interest expense= 1,874,386.88+1,885,130.362

=$ 3,759,517.24

Find attached schedule in addition

Download xlsx

4 0

3 years ago

2. Prepare a direct materials purchases budget for chemicals for the months of January and February. Do not include a multiplica

Tpy6a [65]

Answer:

Purchases Budget for January 238,590 units

Purchases Budget for February 233,131 units

Dollar Purchases Budget for January $ 477,180

Dollar Purchases Budget for February $ 466,264

Explanation:

Patrick Inc.

Direct Materials Purchases Budget -

January February

Production in units 43,800 41,000

Gallons per unit 5.5 5.5

Gallons for production 240,900 225,500

Desired ending inventory 33,825 41,456

Needed 274,725 266,956

Less: Beginning inventory 36,135 33,825

Purchases 238,590 233,131

Price per gallon $ 2.00 $ 2.00

Dollar purchases $ 477,180 $ 466,264

Direct Materials Purchases budget is calculated by calculating the gallons per unit which is added to desired ending inventory and beginning inventory is deducted. The purchases units are multiplied with price per unit.

4 0

3 years ago

Cortez Company is planning to introduce a new product that will sell for $108 a unit. The following manufacturing cost estimates

Svet_ta [14]

Question: What percentage of the variation in overhead costs is explained by the independent variable

Answer: 82.8%

Explanation:

$R^{2}$ = 0.848 (84.8%), the explanation of variation in Y from the X regress

Question: What is the total overhead cost for an estimated activity level of 60,000 direct labor-hours

Answer: $410,000

Explanation:

The equation resulting from this regression analysis is:

Total overhead = Estimated fixed cost + Estimated variable cost per labor hour x Labor hours

= Intercept estimate + Coefficient estimate on independent variable x 60,000 DLH

= 110000 + 5 x 60000 DLH

= 110000 + 300000

= 410000

5 0

3 years ago

Read 2 more answers

Leslie's Unique Clothing Stores offers a common stock that pays an annual dividend of $3.10 a share. The company has promised to

Gre4nikov [31]

Answer:

The maximum that one should be willing to pay for this stock today is $21.38

Explanation:

The constant dividend paying company is the one whose dividend growth remains zero or unchanged. The zero growth model of the DDM is used to calculate the price or value of stock today of such a stock. This kind of stock is just like a perpetuity as it pays a fixed amount after fixed intervals of time forever.

The formula for price of such a stock or zero growth model is:

Price = Dividend / r

Price = 3.1 / 0.145

Price = $21.379 rounded off to $21.38

6 0

3 years ago

Dozen Bakery makes cupcakes and cookies. Dozen gathered the following information for the current year regarding its use of flou

Vilka [71]

Answer:

37 F

Explanation:

Direct materials Quantity variance 597 F

Less: Direct materials Price variance 560 U

Direct materials Flexible Budget variance 37 F

7 0

3 years ago