Answer:
Total= $98,000
Explanation:
Giving the following information:
You plan on saving for a large home improvement project using the following cash flows: $50,000 today, $25,000 next year, and $10,000 the following year. The account earns a 10% return per year.
We need to use the following formula:
FV= PV*(1+i)^n
FV= 50,000*1.10^2= 60,500
FV= 25,000*1.1= 27,500
FV= 10,000
Total= $98,000
Answer: Gus should keep the files A. and D.
Explanation:
I don’t believe that he should keep B. due to D. showing an update to B. so, he shouldn’t keep B. so that he doesn’t get confused by both B. and D. being in the files.
Answer:
Lease Equipment $150,000
BUY EQUIPMENT$134,700
Differential Effects-$15,300
The company should choose BUY EQUIPMENT which is Alternative 2
Explanation:
Preparation of the differential analysis dated March 15 to determine whether Laredo Corporation should lease (Alternative 1) or purchase (Alternative 2) the equipment
Differential Analysis
Lease (Alt. 1) or Buy (Alt. 2) Equipment
March 15
Lease Equipment (Alternative 1); Buy Equipment
(Alternative 2); Differential Effects (Alternative 2)
Costs:
Purchase price $0 $120,000 $120,000
Freight and installation $0 $1,500 $1,500
Repair and maintenance (6 years) $0 $13,200.$13,200
($2,200*6=$13,200)
Lease (6 years) $150,000 $0 -$150,000
($25,000*6)
Total costs $150,000 $134,700 -$15,300
Based on the above calculation the company should choose BUY EQUIPMENT which is Alternative 2
Answer: b. ERP is primarily used by manufacturing organizations and does not serve service organizations well.
Explanation:
Enterprise Resource Planning(ERP) is very useful to companies as it supports many enterprise processes by integrating resources of the company such as manufacturing, finance and supply chain management with the view to make operations more efficient.
It is false that it does not serve Service organizations well because ERP takes into account the unique resources that an organization has so it does not matter if it is a service or a manufacturing organization. It serves both.
Answer:
Particulars Standard Actual
Qty Rate Amount Qty Rate Amount
Materials 2,000 26 52,000 2,200 24 52,800
Labor 1,000 14 14,000 1,050 14.75 15,487.50
Actual output 10,000.00
Materials required (10000*0.20) = 2,000.00
Labor hrs required (10000*0.1) = 1,000.00
1. May's direct material price variance
= (SP-AP)*AQ
= (26 - 24*)2200
= 4,400 F
2. May's direct material quantity variance
= (SQ-AQ)*SP
= (2,000 - 2,200)*26
= 5,200 U
3. May's direct labor cost variance
= Standard Cost - Actual Cost
= 14,000 - 15,487.50
= 1,487.50 U
4. May's direct labor rate variance
= (SR-AR)*AH
= (14 - 14.75)*1,050
= 787.50 U
5. May's direct labor efficiency variance
= (SH-AH)*SR
= (1,000 - 1,050)*14
= 700 U
