What is an example of a good stock to buy during economic expansion?

Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area

zavuch27 [327]

Answer:

Puget Sound Divers

Puget Sound Divers Planning and Flexible Budgets

For the Month Ended May 31

Planning Flexible

Budget Budget

Budgeted diving-hours (q) 350 340

Revenue ($390.00q) $ 136,500 $132,600

Expenses:

Wages and salaries 53,100 51,900

Supplies ($5.00q) 1,750 1,700

Equipment rental 11,250 11,000

Insurance ($4,100) 4,100 4,100

Miscellaneous 1,017 1,003

Total expense 71,217 69,703

Net operating income $ 65,283 $ 62,897

Explanation:

a) Data and Calculations:

Puget Sound Divers Planning Budget

For the Month Ended May 31

Budgeted diving-hours (q) 350

Revenue ($390.00q) $ 136,500

Expenses:

Wages and salaries ($11,100 + $120.00q) 53,100

Supplies ($5.00q) 1,750

Equipment rental ($2,500 + $25.00q) 11,250

Insurance ($4,100) 4,100

Miscellaneous ($520 + $1.42q) 1,017

Total expense 71,217

Net operating income $ 65,283

Flexing the budget with actual activity of 340:

Revenue ($390.00q) $ 136,500/350 * 340 = $132,600

Expenses:

Wages and salaries ($11,100 + $120.00 * 340) = $51,900

Supplies ($5.00q) 1,750/350 * 340 = $1,700

Equipment rental ($2,500 + $25.00 * 340 = $11,000

Miscellaneous ($520 + $1.42 * 340 = $1,003

7 0

3 years ago

Manufacturing costs do not include: Multiple Choice Direct labor applicable to production within the period. Selling expenses re

-Dominant- [34]

Answer: The manufacturing costs don't include selling expenses related to goods manufactured during the period.

Explanation:

Manufacturing costs by definition are the sum total of direct labour (labour charges paid for production), direct material (raw material expenses paid for producing the goods) and manufacturing overheads (other manufacturing expenses like fuel charges and accounting costs for recording manufacturing processes etc). These costs are calculated for work in progress and finished goods.

Thus manufacturing costs= Direct Labour + Direct Material + Manufacturing Overheads.

So, thereby looking at the options manufacturing costs don't include selling expenses related to goods manufactured during the period.

7 0

3 years ago

Which one of the following is not a right of common stockholders?a) To share proportionately in all management decisions.b) To s

lozanna [386]

Answer: Option A

Explanation: Common stockholders refers to the holders of common equity of an organisation. These shareholders are actually the owners of the organisation. They have the potential to earn maximum benefit and bear the maximum risk.

They have the right to select the auditor and board of directors but they cannot interfere with the management decisions. This right stands in the domain of the top managers which are appointed by these shareholders.

Thus, we can conclude that the correct option is A .

5 0

3 years ago

On January 1, Mumford purchased 10% of Heller's common stock. On September 1, it purchased another 30% of Heller's common stock.

professor190 [17]

10% of Heller's income for January 1 to August 31, plus 40% of Heller's income for the remainder of the year.

Explanation:

In spite of a retrospective strategy, Mumford puts the 10 per cent owned by the creditor firm together with the 30% purchased on Sep 1 which accounts for 40 per cent of the sales of Heller.

Retrospective, the committee focuses on the team members ' collaboration and looks for ways to enhance the process, based on the lessons learned in the recent work .

It is time to reflect on past events and experiences – outside the daily routine.

Retrospective thinking occurs whenever one remembers something from the past, but one can also think retrospectively about hypothetical future events, by imagining that the event has already transpired and then working backward in the mind from the future toward the present.

5 0

3 years ago

A firm is considering the acquisition of a new machine. The base price is $85,000 and it would cost $15,000 to install. The mach

Naddik [55]

Answer:

Cash flow year 0 (110,000)

or in other way to express it: a cashoutflow for $110,000

Explanation:

Initial net cahs outflow

this will be the acquisition of the machine cost plus the increase in the working capital for the company

machine cost: all cost necessary for acquire the machien and get it operational

supplier list price 85,000

installation cost 15,000

total cost 100,000

Increase in Working Capital Cost 10,000

As these are cost they are negative so we have a cashouflow

Total cashflow (110,000)

4 0

3 years ago