Describe how the following pairs of terms are related to each. use two or three sentences for each pair of terms :

The Federal Reserve Board can guard against recession by taking which of the following actions?

lana [24]

B. Raising or lowering interest rates and controlling the money supply.

7 0

3 years ago

The January 28, 2017 (fiscal year 2016) financial statements of Caleres, Inc. reported the following information (in thousands):

san4es73 [151]

Answer:

A. 136.2 days

Explanation:

To compute the average days inventory outstanding, first, we have to find out the inventory turnover ratio

Inventory turnover ratio = Cost of goods sold ÷ average inventory

where,

Average inventory = (Opening balance of inventory + ending balance of inventory) ÷ 2

= ($546,745 + $585,764) ÷ 2

= $566,254

And, the cost of good sold is $1,517,397

Now put these values to the above formula

So, the answer would be equal to

= $1,517,397 ÷ $566,254.50

= 2.67 times

Now, Days in inventory = Total number of days in a year ÷ inventory turnover ratio

= 365 days ÷ 2.67 times

= 136.70 days approx

5 0

3 years ago

Lucky Company's direct labor information for the month of February is as follows: Actual direct labor hours worked (AQ) 61,500 S

Rufina [12.5K]

Answer:

d. $18,900 unfavorable.

Explanation:

Direct labor efficiency variance = SR*(SH-AH)

18000 = SR*(63000-61500)

18000 = 1500 SR

SR = $12

Total standard direct labor cost for February = 63000*12= $756,000

Direct labor flexible-budget variance = $774,900 - $756,000 = $18900 Unfavorable

3 0

3 years ago

4.The following information is available for Lock-Tite Company, which produces special-order security products and uses a job or

mojhsa [17]

Answer:

The overview of the problem is listed throughout the section below on explanation.

Explanation:

The Journal entry is given below:

No Transaction General journal Debit($) Credit($)

1 1 Overhead of factory 120000

Some other accounts 120000

2 2 Process inventory's work 185500

$(345000-80000)\times 70 \ percent$

Overhead of a factory 185500

8 0

3 years ago

9. Mackenzie PLC is considering expanding a production line. The new equipment for the line will cost $255,000. In addition, the

NNADVOKAT [17]

Answer:

Net Present Value = $59,632.78

Explanation:

The net present value NPV) of a project is the present value of cash inflow less the present value of cash outflow of the project.

NPV = PV of cash inflow - PV of cash outflow 

Present value of cash inflow:

65,000 × (1.09375)^(-1) + 98000 ×(1.09375)^(-2)+ 126,000 ×(1.09375)^(-3)+ 132,000 × (1.09375)^(-4)= 326882.7792

PV of annual maintenance cost :

=1,500 × (1- 1.09375^(-4))/0.09375

=4819.84773

NPV = 26882.7792 - 4819.84773 - (255,000+12250)

= 59,632.78

8 0

3 years ago