According to the Bureau of Labor Statistics, what are some reasons for the decline in Manufacturing jobs? Check all

Munson Co. uses a job order cost system. The following data summarize the operations related Obj. 2 to production for July:A. Ma

lana66690 [7]

Answer:

raw materials inventory 225,750

account payable 225,750

to record purchase of materials

WIP 217,600 debit

factory overhead 17,600 debit

raw materials 225,750 credir

to record use of materials

WIP 606,700 debit

factory overhead 72,300 debit

wages payable 680,000

to record wages for the period

factory overhead 330,000

selling expense 180,000

administrative expense 126,000

account payable 636,000

to record other expenses on account

factory overhead 27,500

selling expense 8, 100

adm expense 5, 250

prepaid expenses 40,850

to record expired prepaid

factory overhead 55,100

depreciation expense 61,300

acc depreciation factory equipmnet 55,100

acc depreciation office equipment 16,800

acc depreciation building 44,500

to record depreciation for the period

WIP 548,000

factory overhead 548,000

to record applied overhead

Finished Goods 1,140,000

WIP 1,140,000

to record jobs completed

COGS 1,128,000

Finished Goods 1,128,000

to record COGS

Factory Overhead 45,500 debit

COGS 45,500 credit

to record adjustment for overapplied factory overhead

Explanation:

For each entry we will make sure to make the difference between capitalized cost (factory overhead labor and materials) and cost for the period (selling and administrative expenses)

Then we will do the adjustment for hte overhead

adjustment for overhead:

actual overhead:

17,600 indirect materials

72,300 indirect labor

330,000 other expenses

27,500 expired prepaid

55,100 depreciation equipment

502,500 actual overhead

548,000 applied overhead

The actual cost were lower than expected, we charge more cost on the goods than we should, so we adjust and decrease the Cost of Goods Sold.

adjusment for overapplied overhead: 45,500

7 0

3 years ago

Select which of the ways that entrepreneurs improve the economy is being described:

8_murik_8 [283]

Answer: (B) Demand for products

Explanation:

The demand for the products is basically refers to the process in which the amount of the specific products are get purchased for the particular price so that the one business organization increase their productivity and the other business meets its specific requirement.

There are basically five factors which determine the demand of products function in an organization are as follows:

Income of the buyer
Price
Customer choice
The actual price of the related other products
Future supply expectations

Therefore, Option (B) is correct.

4 0

3 years ago

an industry has few or no segments and market niches, thereby precluding the choice of an attractive niche suited to a company's

jonny [76]

Market circumstances that make a focused low-cost or focused differentiation strategy attractive are characterized by:

a. an industry has few or no segments and market niches, thereby precluding the choice of an attractive niche suited to a company's resource strengths and capabilities.

b. high costs or increased difficulty for multisegment rivals to meet the specialized needs of the target market niche and at the same time satisfy the expectations of their mainstream customers.

c. Intense competition from industry leaders in the niche or focused segment.

d. a target market niche that is too small to be profitable and offers low growth potential.

e. few, if any, rivals are attempting to specialize in the same target segment.

Explanation:

Since the question was incomplete before, we find the answer by matching it to the question;

In Market circumstances that make a focused low-cost or focused differentiation strategy attractive are characterized by An industry that has few or no segments and market niches, thereby precluding the choice of an attractive niche suited to a company's resource strengths and capabilities.

5 0

3 years ago

Suppose you have been hired as a financial consultant to Defense Electronics, Inc. (DEI), a large, publicly traded firm that is

Setler79 [48]

Answer:

Initial Cash Flow at Time 0 = -(Appraised Value of Land + Cost of Building Plant and Equipment + Net Working Capital)

Substituting values in the above formula, we get,

Initial Cash Flow at Time 0 = -(6,000,000 + 32,600,000 + 1,475,000) = -$40,075,000 (answer for Part a)

_____

Part b)

Step 1: Calculate Weights of Different Sources of Finance

Market Value of Debt = Number of Bonds*Par Value*Current Selling Price Percentage = 245,000*1,000*105% = $257,250,000

Market Value of Common Stock = Number of Shares*Current Selling Price = 9,500,000*73.10 = $694,450,000

Market Value of Preferred Stock = Number of Shares*Current Selling Price = 465,000*83 = $38,595,000

Total Market Value of Firm = Market Value of Debt + Market Value of Common Stock + Market Value of Preferred Stock = 257,250,000 + 694,450,000 + 38,595,000 = $990,295,000

Now, we can calculate weights as follows:

Weight of Debt = Market Value of Debt/Total Market Value of Firm = 257,250,000/990,295,000

Weight of Equity = Market Value of Equity/Total Market Value of Firm = 694,450,000/990,295,000

Weight of Preferred Stock = Market Value of Preferred Stock/Total Market Value of Firm = 38,595,000/990,295,000

_____

Step 2: Calculate After-Tax Cost of Debt

The after-tax cost of debt can be calculated with the use of Rate function/formula of EXCEL/Financial Calculator. The function/formula for Rate is Rate(Nper,PMT,-PV,FV) where Nper = Period, PMT = Payment (here, Coupon Payment), PV = Present Value (here, Current Selling Price) and FV = Future Value (here, Face Value of Bonds).

Here, Nper = 23*2 = 46, PMT = 1,000*6%*1/2 = $30, PV = 1,000*105% = $1,050 and FV = $1,000

Using these values in the above function/formula for Rate, we get,

Pre-Tax Cost of Debt = Rate(46,30,-1050,1000)*2 = 5.61%

After-Tax Cost of Debt = Pre-Tax Cost of Debt*(1-Tax Rate) = 5.61%*(1-22%) = 4.38%

______

Step 3: Calculate Cost of Preferred Stock

The cost of preferred stock is determined as below:

Cost of Preferred Stock = Annual Dividend/Current Stock Price*100 = (3.8%*100)/83*100 = 4.58%

______

Step 4: Calculate Cost of Equity

The cost of equity is arrived as below:

Cost of Equity = Risk Free Rate + Beta*(Market Risk Premium) = 2.9% + 1.2*(6%) = 10.10%

Calculate Discount Rate

The value of discount rate is calculated as follows:

Discount Rate = (Weight of Debt*After-Tax Cost of Debt + Weight of Preferred Stock*Cost of Preferred Stock + Weight of Equity*Cost of Equity) + Appropriate Risk Adjustment Factor

Substituting values in the above formula, we get,

Discount Rate = (257,250,000/990,295,000*4.38% + 38,595,000/990,295,000*4.58% + 694, 450,000/990,295,000*10.10%) + 1.5% = 9.90% (answer for Part b)

The after-tax salvage value of the plant is arrived as below:

Annual Depreciation = Cost of Plant and Equipment/Useful Life = 32,600,000/8 = $4,075,000

Book Value of Plant and Equipment After 5 Years = Cost of Plant and Equipment - Annual Depreciation*5 = 32,600,000 - 4,075,000*5 = $12,225,000

Loss on Sale of Plant and Equipment = Book Value of Plant and Equipment After 5 Years - Salvage Value = 12,225,000 - 5,200,000 = $7,025,000

After-Tax Salvage Value = Salvage Value + Loss on Sale of Plant and Equipment*Tax Rate = 5,200,000 + 7,025,000*22% = $6,745,500 (answer for Part c)

The annual operating cash flow (OCF) is determined as follows:

Sales Value (19,550*11,070) 216,418,500

Less Variable Costs (19,550*9,700) 189,635,000

Fixed Costs 7,500,000

Depreciation 4,075,000

EBT 15,208,500

Less Taxes 3,345,870

EAT 11,862,630

Add Depreciation 4,075,000

Operating Cash Flow $15,937,630

Answer for Part d) is $15,937,630.

The accounting break-even quantity is calculated as follows:

Accounting Break-Even Quantity = (Fixed Cost + Depreciation)/(Selling Price - Variable Cost)

Substituting values in the above formula, we get,

Accounting Break-Even Quantity = (7,500,000 + 4,075,000)/(11,070 - 9,700) = 8,449 units (answer for Part e)

IRR

IRR is the minimum rate of return acceptable from a project. It can be calculated with the use of IRR function/formula of EXCEL/Financial Calculator. The basic formula for calculating IRR is given below:

NPV = 0 = Cash Flow Year 0 + Cash Flow Year 1/(1+IRR)^1 + Cash Flow Year 2/(1+IRR)^2 + Cash Flow Year 3/(1+IRR)^3 + Cash Flow Year 4/(1+IRR)^4 + Cash Flow Year 5/(1+IRR)^5

IRR is calculated with the use of EXCEL as below:

Year Cash Flow 0 -40075000 15937630 15937630 15937630 15937630 30558130 33.16% 4 6 4 IRR 10

where

IRR = RR(B2:B7) = 33.16%

NPV

The NPV can be calculated with the use of following formula:

NPV = Cash Flow Year 0 + Cash Flow Year 1/(1+Discount Rate)^1 + Cash Flow Year 2/(1+Discount Rate)^2 + Cash Flow Year 3/(1+Discount Rate)^3 + Cash Flow Year 4/(1+Discount Rate)^4 + Cash Flow Year 5/(1+Discount Rate)^5

Substituting values in the above formula, we get,

NPV = -40,075,000 + 15,937,630/(1+9.90%)^1 + 15,937,630/(1+9.90%)^2 + 15,937,630/(1+9.90%)^3 + 15,937,630/(1+9.90%)^4 + (15,937,630 + 6,745,500 + 1,475,000 + 6,400,000)/(1+9.90%)^5 = $29,619,521.66

6 0

3 years ago

When the product price falls from $40 to $30, the quantity demanded rises from 500 to 600 units. using the simple formula the pr

Bas_tet [7]

When the product price falls from $40 to $30, the quantity demanded rises from 500 to 600 units. using the simple formula the price elasticity of demand in this range is -0.63

Price elasticity of call for is the ratio of the percentage alternate in the amount demanded of a product to the proportion change in price. Economists rent it to understand how to deliver and call for change whilst a product's rate changes.

Price Elasticity of supply refers back to the change inside the supply of an awesome or provider on the subject of the alternate in its marketplace price. The simple monetary concept says that the delivery of the gadgets will increase whilst their fee increases. Likewise, its delivery decreases whilst its market fee decreases.

Learn more about Price Elasticity here: brainly.com/question/5078326

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4 0

2 years ago