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2 years ago

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Business

2 answers:

Andreyy892 years ago

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A clothing haul of shirts with horses on it ig

Ierofanga [76]2 years ago

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Get a shirt with a horse on it

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Charles was the last person on his block to purchase a color television set, and that was in the 1980s. He just couldn't see the

dezoksy [38]

Answer:

Charles is classified in the adopter category called "Latecomers"

Explanation:

Latecomers are traditional consumers. For them, buying a new product brings a feeling of extreme psychological discomfort. They do not like news, even flee from it, and consider it immature to buy an innovative article in the market.

Latecomers represent 16% of consumers, are insecure to adopt new things, do not like to try new things and do not follow fads. Being traditionalists, they always perform the same way and only adopt innovation when there is no other alternative. Like Charles, who only bought the color TV because his old tv stopped working.

3 0

3 years ago

Carby Hardware has an outstanding issue of perpetual preferred stock with an annual dividend of $7.50 per share. If the required

Ad libitum [116K]

Answer:

The answer is $115.38

Explanation:

Solution

Given that

The annual dividend on preferred stock = $7.50

Required return on preferred stock+= 6.5%

The next step is to find at what price should the preferred stock sell which is given as follows:

The rice of preferred stock = 7.50/6.5%

= $115.38

$115.38 is the price at which the stock preferred was sold.

4 0

3 years ago

Chadwick Enterprises, Inc., operates several restaurants throughout the Midwest. Three of its restaurants located in the center

zalisa [80]

Answer:

1. $2.5 million

2. $0

Explanation:

1. Since the book value is more than the generated future cash flows so book value cannot be recovered. In this case, the generated future cash flows are ignored

In this scenario, we compare the values between book value and the fair value of machinery, the difference would be the loss on impairment of the asset

In mathematically,

= Book value - fair value

= $6.5 million - $4.0 million

= $2.5 million

2. In this case, the sum of future cash flows is exceeded than the book value. So, no impairment loss would be recognized i.e zero amount

6 0

3 years ago

Institute Technologies is choosing new cost drivers for its accounting system. One driver is labor hours, the other is a combina

Eddi Din [679]

Answer:

d) $2,000,000 $990,000

Explanation:

The computation is shown below:

Unit variable cost pool is

= Budgeted cost ÷ Budgeted machine hours

= $1,600,000 ÷ 360,000

=$ 4.444 per machine hour

And,

Batch-level cost pool = Budgeted cost ÷ Budgeted number of setups

= $900,000 ÷ 3000

= $ 300 per setup

Now

Unit variable cost pool is

= Actual machine hours × Activity rate

= 450000 × 4.44

= $2,000,000

And, Batch-level cost pool is

= Actual number of setups × Activity rate

= 3300 × 300

=$990,000

3 0

3 years ago

Fasetech, Inc. has collected the following data.? (There are no beginning? inventories.)

Dominik [7]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Units produced= 510 units

Sales price= $150 per unit

Direct materials= $16 per unit

Direct labor= $10 per unit

Variable manufacturing overhead= $10 per unit

Fixed manufacturing overhead= $16,000 per year

Variable selling and administrative costs= $9 per unit

Fixed selling and administrative costs= $10,500 per year

Units sold= 500

Under the absorption costing method, the fixed overhead costs get allocated as a product cost.

Unitary fixed overhead= 16,000/510= $31.37

Total unitary cost= direct material + direct labor + total overhead

TUC= 16 + 10 + (10 + 31.37)= $67.37

Income statement:

Sales= 500*150= 75,000

COGS= 67.37*500= (33,685)

Gross profit= 41,315

Total variable selling and administrative costs= (9*500)= (4,500)

Fixed selling and administrative costs= (10,500)

Net operating profit= 26,315

5 0

3 years ago