I usually do not experience sudden intuitive thoughts. Disagree Agree

Would it be advantageous for wynn manufacturing corporation if the cranston division makes the investment under consideration?

11111nata11111 [884]

Yes, It would be advantageous for wynn manufacturing corporation if the cranston division makes the investment under consideration.

Since managers are charged with maximizing the potential of their own units, it is crucial to frequently assess their performance in the workplace.
Target measurements can be used to assess managers of investment centers' performance.
Businesses typically have a target or targeted rate of return they would like to reach in order to assess a project's viability.
It is profitable for the firm as a whole to move forward with the project in this case because the project's projected return of 18% is higher than the company's desired rate of return of 16%.

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4 0

2 years ago

Astro Co. sold 20,500 units of its only product and incurred a $67,750 loss (ignoring taxes) for the current year as shown here.

maksim [4K]

Answer:

Break even point in dollar sales = $1,050,000

Explanation:

Break Even Point in dollar sales = Fixed Cost/ Contribution margin percentage

Contribution margin percentage = (Contribution margin/ Sales) X 100

Here we have for the year 2017

Contribution margin = $194,750

Sales = $779,000

Contribution margin percentage = ($194,750/$779,000) X 100 = 25%

Break even point in dollar sales = Fixed Cost $262,500/25%

= $1,050,000

3 0

3 years ago

NCH Corporation, which markets cleaning chemicals, insecticides and other products, paid dividends of $2.00 per share in 1993 on

sashaice [31]

Answer:

The reutrn on equity should be of 9.53%

Explanation:

We can solve the return on equity by considering the gordon model of dividend growth:

$\frac{divends_1}{return_{equity}-growth} = Intrinsic \: Value$

current dividends 2 dollars

next year dividends: current x (1 + g) = 2 x (1 + 0.06) = 2.12

$\frac{2.12}{return_{equity}-0.06} = 60$

$\frac{2.12}{60} +0.06= Ke$

Ke = 0.09533 = 9.53%

4 0

3 years ago

Prepare the journal entries to record the following transactions for Reese Company, which has a calendar year end and uses the s

belka [17]

Answer:

Reese Company Journal entries

September 30, 2017

Dr Depreciation Expense 12,000

Cr Accumulated Depreciation -Equipment 12,000

(To record depreciation expense)

Dr Cash 46,000

Dr Accumulated Depreciation-Equipment 44,000

Dr Loss on Disposal of Plant Assets 6,000

Cr Equipment 96,000

(To record sale of delivery equipment at a loss)

b)On June 30, 2017

Dr Cash 24,000

Dr Accumulated Depreciation-Equipment 15,000

Cr Equipment 36,000

Cr Gain on Disposal of Plant Assets 3,000

(To record sale of office equipment at a gain)

Explanation:

a.September 30, 2017

Calculation for Depreciation Expense and Accumulated Depreciation -Equipment

We have to record depreciation expense for the first 9 months of 2017 which is

$80,000 ÷ 5 years = $16,000 ×9/12 = $12,000

Calculation for Accumulated Depreciation-Equipment:

($32,000 + $12,000) =44,000

Calculation for Loss on Disposal of Plant Assets

($52,000 – $46,000) =6,000

b)On June 30, 2017

Calculation for Gain on Disposal of Plant Assets

($24,000 – $21,000)=3,000

7 0

4 years ago

Question 3: Cost terminology in manufacturing firms a) Direct materials include all materials and components only raw materials

zaharov [31]

Answer:

1. a. Only major materials and components.

Only the major materials and components are include as direct materials because these are the materials that directly needed for production.

b. Only hourly production workers (aka assembly workers).

The direct labor has to be those people who are directly involved in production which in this case is the assembly workers. Managers and Supervisors are not integral so are not direct labor.

c. Both big items that cannot be traced (e.g., factory rent) and small items that are not worth tracing (e.g., glue, grease).

All other items involved in production should be included as manufacturing overheads including big items and small items that cannot be traced.

2.

Rent for the factory building ⇒ Manufacturing Overhead (OH).

Cost of engines used in production ⇒ Direct materials (DM).

Depreciation on production equipment ⇒ Manufacturing Overhead (OH).

Cost of lubricant used in production. ⇒ Manufacturing Overhead (OH).

Production supervisor's salary. ⇒ Manufacturing Overhead (OH).

Assembly workers' wages. ⇒ Direct Labor.

7 0

3 years ago