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kap26 [50]
3 years ago
7

An accounting professor at Middleton University devotes 60 percent of her time to teaching, 30 percent of her time to research a

nd writing, and 10 percent of her time to service activities such as committee work and student advising. The professor teaches two semesters per year. During each semester, she teaches one section of an introductory financial accounting course (with a maximum enrollment of 40 students) and one section of a graduate financial accounting course (with a maximum enrollment of 25 students). Including course preparation, classroom instruction, and appointments with students, each course requires an equal amount of time. The accounting professor is paid $96,000 per year. Determine the activity cost of instruction per student in both the introductory and the graduate financial accounting courses. Round answers to two decimal places.
Business
1 answer:
rewona [7]3 years ago
7 0

Answer:

Middleton University

Activity Cost of Instruction per student in the introductory and graduate financial accounting courses:

Total Instruction cost   $57,600

Number of students  = 65 (40 + 25)

Instruction per student = $57,600/65 = $886.15

Explanation:

a) Data and Calculations

Activities:                           Time Spent   Activity Cost Introductory Graduate

Course preparation                30%        $28,800         $17,723       $11,077

Classroom instruction            60%        $57,600       $35,446      $22,154

Appointments with students  10%          $9,600         $5,908       $3,692

Annual salary                                         $96,000      $59,077      $36,923

b) The activities are three for each of introductory and graduate courses.  The cost (annual salary) of the professor is allocated according to the time spent on each activity.  This cost is further allocated between the introductory and graduate classes according to the number of students in each course.  Overall, the same amount per each activity is spent on each student in both courses.

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THe section of the comprehensive annual finanial report that presents tables and charts showing social and econimoc data in addi
posledela

Answer:

Statistical Section

Explanation:

The statistical section of comprehensive annual financial report contains details of  most of PESTLE factors in numeric terms that shows to what extent these things will either affect or help the organization in near future.

3 0
3 years ago
consider a firm that produces units of output using capital and labor. due to changes in market conditions, it has decided to re
mote1985 [20]

A firm that produces units of output using capital and labor to determine  its total costs will decline by doing so, the firm will evaluate its:<u> Marginal cost Function .</u>

<u></u>

Option C is correct .

Marginal cost is the change in cost due to producing on excess unit of affair. To determine how big its total cost decline, the establishment will estimate its marginal cost function.

<h3>Marginal cost function :</h3>

Marginal cost represents the gradual costs incurred when producing fresh units of a good or service. It's figured by taking the total change in the cost of producing further goods and dividing that by the change in the number of goods produced.Marginal cost is calculated as the aggregate charges needed to manufacture one fresh good. thus, it can be measured by changes to what charges are incurred for any given fresh unit.<u> Marginal Cost</u><u> = Change in</u><u> Total Charges ÷</u><u> Change in volume of Units Produced.</u>

Question is incomplete ,missing option is given below :

Consider a firm that produces units of output using capital and labor. Due to changes in market conditions, it has decided to reduce its daily output from 5 units to 4 units. To determine how much its total costs will decline by doing so, the firm will evaluate its: Group of answer choices

A.marginal product function

B.average product function

C.marginal cost function

D.average total cost function

E.average variable cost function

Learn more about Marginal cost function :

brainly.com/question/17481520

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3 0
1 year ago
The supplies account had a beginning balance of $1,693. Supplies purchased during the period totaled $4,413. At the end of the p
olga55 [171]

Answer:

Debit Supplies expense $5,661

Credit Supplies account $5,661

Explanation:

At the time of purchasing supplies, the entries includes a debit to supplies accounts, and a credit to cash or accounts payable which is dependent on whether the cash purchased was done via cash or an account

For supplies used, debit supplies expense and credit supplies account. The movement in supplies account over a period is due to purchases and its expressed as;

Opening balance + Purchases - Supplies used = closing balance

$1,693 + $4,413 - Supplies used = $445

$6,106 - Supplies used = $445

Supplies used = $6,106 + $445

Supplies used = $5,661

6 0
2 years ago
__________ consists of information systems that enhance competitiveness at the industry level by promoting the use of standards
Sladkaya [172]
<span>Value web model consists of information systems that enhance competitiveness at the industry level by promoting the use of standards and industry-wide consortia, and by enabling businesses to work more efficiently with their value partners.</span>
6 0
3 years ago
Midyear on July 31st, the Chester Corporation's balance sheet reported: Total Assets of $81.965 million Total Common Stock of $2
Vera_Pavlovna [14]

Answer:

  Total Liabilities  = $62.273 million  

Explanation:

<em>The accounting equation state that :</em>

Total assets = capital + liabilities.

<em>This is a fundamental relationship that underpins the preparation of financial statements</em>

<em>Capital for a company is represented by the shareholders funds which is the book value of issued common stock, share premium plus the retained earnings.</em>

So we can apply the equation to the figures of Chester Corporation

81.965  =( $2.540 + 17.152 ) + liabilities

Liabilities =  81.965  - ( $2.540 + 17.1552 )

                = $62.273 million

Total Liabilities  = $62.273 million

5 0
3 years ago
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