Financial management cannot be related to other functional areas of management such as marketing.

Velshi Printers has contracts to complete weekly supplements required by forty-six customers. For the year 2018, manufacturing o

bixtya [17]

Answer:

$4,783.88

Explanation:

As for the provided information, the problem is based on activity based costing.

There are 3 activities:

i) Design Changes = $120,000 for 500 changes

Cost per change = $\frac{120,000}{500}$ = $240 for each change

ii) Setups = $380,000 for 4,000 setups

Cost per setup = $\frac{380,000}{4,000}$ = $95 for each setup

iii) Inspections = $100,000 for 9,000 inspections

Cost per inspection = $\frac{100,000}{9,000}$ = $11.11

In case of Money Managers, there is printing of 70,000 pages

Design charges = 12 design changes $\times$ $240 = $2,880

Setup charges = 17 setups $\times$ $95 = $1,615

Inspection charges = 26 inspections $\times$ $11.11 = $288.88

Total overhead cost for Money Managers = $2,880 + $1,615 + $288.88 = $4,783.88

4 0

4 years ago

Wilma, who lives in New York, enters into a contract to buy a painting from Fred, who lives in France. The contract includes all

Shtirlitz [24]

Answer:

A court will most likely;

1. Allows the parties to rescind the contract.

Explanation:

The contract includes all the costs of insuring and shipping the painting from France to New York.

Since, the agent that made the shipping estimate makes a mistake when adding up the costs and, as a result, the shipping cost listed in the contract is $1,000 less than the actual shipping costs. A court will most likely allow the parties to rescind the contract because a part of the contract agreement has been breached in error.

7 0

3 years ago

Read 2 more answers

On January 1, 2018, Ameen Company purchased major pieces of manufacturing equipment for a total of $36 million. Ameen uses strai

vfiekz [6]

Answer:

1.31-Dec-21

Dr Income tax expense $12.50

Cr To Income taxes payable $11.00

Cr To Deferred tax liability $1.50

2.$37.50 million

Explanation:

1. Preparation of the appropriate journal entry to record Ameenâs 2021 income taxes. Assume an income tax rate of 25%.

Depreciation as per books for 2021 = $30 - $28 Depreciation as per books for 2021= $2 million

Depreciation as per tax for 2021 = $20 - $12

Depreciation as per tax for 2021 = $8 million

Taxable income = $50 + $2 - $8

Taxable income = $44 million

JOURNAL ENTRIES - Ameen Company (In million)

31-Dec-21

Dr Income tax expense $12.50

Cr To Income taxes payable ($44*25%) $11.00

Cr To Deferred tax liability ($6*25%) $1.50

(To record income tax expense)

2. Calculation to determine What is Ameenâs 2021 net income?

Ameen's 2021 net income = $50 - $12.50

Ameen's 2021 net income = $37.50 million

Therefore Ameen's 2021 net income is $37.50 million

6 0

3 years ago

Which of the following would not be listed under cash outflows in a financial plan? a. car payments b. insurance premiums c. int

Tems11 [23]

Answer:

The answer is C. interest earned

Explanation:

Cash inflow is the money going into the business while cash out is the money going out of the business.

Car payment is an outflow. Money is going out to acquire a car.

Insurance premium is an outflow. Money is going out by purchasing an insurance package.

Mortgage payment is also an outflow.

Only interest earn is an inflow. Money is coming maybe from an investment that has happened in the past.

8 0

3 years ago

Imagine that you work for a life insurance company. The company is offering a new type of life insurance policy for senior citiz

GREYUIT [131]

Answer: Telephone calls

Explanation: To communicate to senior citizens telephone will be the most effective way as other sources like social media are not used by senior citizens in general, majority of users of social sites are youth and teens. Other sources like emails and text messages may not result in full information takeout. Therefore,other than face to face communication, the best electronic medium is telephone.

5 0

3 years ago