Which of the following is one of the primary responsibilities of the federal judicial branch?

At the beginning of the period, the Fabricating Department budgeted direct labor of $51,000 and equipment depreciation of $59,00

SOVA2 [1]

Answer:

= $120,500.00

Explanation:

<em>Flexible budget </em><em>is that which is that which recognizes the cost behavior and is used for control purpose. It is prepared based on the actual level of activity achieved.</em>

Kindly note that the $59,000 depreciation is a fixed cost which do not vary with the hours of production.

The flexible budget for the department will be

<em>Direct Labour budget</em> = ( 51000/3400) × 4,100

= $61,500.00

<em>Equipment depreciation</em>= $59,000

Total flexible budget = $61,500.00 + $59,000

= $120,500.00

7 0

3 years ago

An investor in Treasury securities expects inflation to be 1.6% in Year 1, 3.05% in Year 2, and 3.85% each year thereafter. Assu

mixer [17]

Answer:

The difference between two securities is 0.89%.

Explanation:

Inflation premium for the next three and five years:

Inflation premium (3) = (1.6% + 3.05% + 3.85%) ÷ 3

= 2.83%

Inflation premium (5) = (1.6% + 3.05% + 3.85% + 3.85% + 3.85%) ÷ 5

= 3.24%

Real risk-free rate = 2.35%

Since default premium and liquidity premium are zero on treasury bonds, we can now solve for the maturity risk premium:

Three-year Treasury securities = Real risk-free rate + Inflation premium (3) + MRP(3)

6.80% = 2.35% + 2.83% + MRP(3)

MRP (3) = 1.62%

Similarly,

5-year Treasury securities = Real risk-free rate + Inflation premium (5) + MRP(5)

8.10% = 2.35% + 3.24% + MRP(3)

MRP (5) = 2.51%

Thus,

MRP5 - MRP3 = 2.51% - 1.62%

= 0.89%

Therefore, the difference between two securities is 0.89%.

4 0

3 years ago

A monopolist’s cost function yields constant average and marginal costs, with AC = MC = 5. The firm faces a market demand curve

Nitella [24]

Answer:

a. Marginal Revenue = 5

b. Maximum profit = $144

c. Q optimum = 12 ; P optimum = $17

d. Social cost = $72

Explanation:

Step 1. Given information.

MC=AC=5

P=29-Q

Step 2. Formulas needed to solve the exercise.

Total Revenue=TR=P*Q=(29-Q)*Q=29Q-Q2

Marginal Revenue=dTR/dQ=29-2Q

Step 3. Calculation.

Set MR=MC for profit maximization

29-2Q=5

2Q=29-5

Q=12 -----profit maximizing output

P=29-Q=29-12=$17 -------profit maximizing price

Total Profit=(P-AC)*Q=(17-5)*12=$144 ------Maximum Profit

Lerner's Index=(P-MC)/P=(17-5)/17=0.7059

<h2></h2><h2>TAKE A LOOK TO THE ATTACHED IMAGE</h2>

Profit is shown by rectangular shaded area.

Socially optimal price P=MC=$5 --------Socially optimal price

We know P=29-Q, Set P=5

5=29-Q

Q=24 ---------Socially optimal output

Social Cost is equal to dead weight loss. It is shown by triangular area DWL

Social Cost=1/2*(17-5)*(24-12) =$72

5 0

3 years ago

Dr. Osorno was served with a malpractice lawsuit based on allegedly removing the wrong organ. Following discovery, it becomes cl

ra1l [238]

Answer:

Correct option is A.

<u>The lawyer should make a motion for summary judgement</u>

Explanation:

A movement for rundown judgement is Sled offer the disclosure procedure attesting that no truthful debates exist and that if the appointed authority applied the law to the undisputed realities, her solitary sensible choice would be agreeable to the moving party.

6 0

3 years ago

For each transaction, indicate the impact each item had on income and the dollar amount of the change in income, if any. Input d

Helga [31]

Answer:

Lowe Company

1. Impact on Income and the Dollar Amount:

Aug. 1 No impact

Aug. 5 +$5,200 - $4,000 = +$1,200

Aug. 8 No impact

Aug. 9 = -$125

Aug. 10 -$600 +$400 = -$200

Aug. 12 None

Aug. 14 None

Aug. 15 -$92

Aug. 18 +$50

Aug. 19 +$4,800 -$2,400 = $2,400

Aug. 22 -$500

Aug. 29 -$43

Aug. 30 None

Total = +$2,690

2. Journal Entries:

Aug. 1 Debit Inventory $7,500

Credit Accounts Payable (Aron Company) $7,500

Purchase of goods on credit terms of 1/10, n/30, FOB destination, invoice dated August 1.

Aug. 5 Debit Accounts Receivable (Baird Corp.) $5,200

Credit Sales Revenue $5,200

Sale of goods on credit terms of 2/10, n/60, FOB destination, invoice dated August 5.

Debit Cost of goods sold $4,000

Credit Inventory $4,000

Cost of goods sold.

Aug. 8 Debit Inventory $5,400

Credit Accounts Payable (Waters Corporation) $5,400

Purchase of goods on credit terms of 1/10, n/45, FOB shipping point, invoice dated August 8.

Aug. 9 Debit Freight-in $125

Credit Cash $125

Freight-in paid for cash.

Aug. 10 Debit Sales Returns $600

Credit Accounts Receivable (Baird Corp.) $600

Goods returned by a customer.

Debit Inventory $400

Credit Cost of goods sold $400

Cost of returned goods.

Aug. 12 Debit Accounts Payable (Waters Corporation) $400

Credit Inventory $400

Price reduction granted by Waters.

Aug. 14 Debit Accounts Payable (Aron) $200

Credit Cash $200

Part-payment to Aron on account.

Aug. 15 Debit Cash $4,508

Debit Cash Discounts $92

Credit Accounts Receivable (Baird Cop.) $4,600

Cash received on account.

Aug. 18 Debit Accounts Payable (Waters Corporation) $5,000

Credit Cash $4,950

Credit Cash Discounts $50

Cash payment on account.

Aug. 19 Debit Accounts Receivable (Tux Co.) $4,800

Credit Sales Revenue $4,800

Credit sales on terms of n/10, FOB shipping point, invoice dated August 19.

Debit Cost of goods sold $2,400

Credit Inventory $2,400

Cost of goods sold.

Aug. 22 Debit Sales Allowances $500

Credit Accounts Receivable (Tux Co.) $500

Sales allowances granted to Tux Co. on account.

Aug. 29 Debit Cash $4,257

Debit Cash Discounts $43

Credit Accounts Receivable (Tux Co.) $4,300

Aug. 30 Debit Accounts Payable (Aron Company) $7,300

Credit Cash $7,300

Cash payment on account.

Explanation:

a) Data and Analysis:

Aug. 1 Inventory $7,500 Accounts Payable (Aron Company) $7,500

credit terms of 1/10, n/30, FOB destination, invoice dated August 1.

Aug. 5 Accounts Receivable (Baird Corp.) $5,200 Sales Revenue $5,200

credit terms of 2/10, n/60, FOB destination, invoice dated August 5.

Cost of goods sold $4,000 Inventory $4,000

Aug. 8 Inventory $5,400 Accounts Payable (Waters Corporation) $5,400

credit terms of 1/10, n/45, FOB shipping point, invoice dated August 8.

Aug. 9 Freight-in $125 Cash $125

Aug. 10 Sales Returns $600 Accounts Receivable (Baird Corp.) $600

Inventory $400 Cost of goods sold $400

Aug. 12 Accounts Payable (Waters Corporation) $400 Inventory $400

Aug. 14 Accounts Payable (Aron) $200 Cash $200

Aug. 15 Cash $4,508 Cash Discounts $92 Accounts Receivable $4,600

Aug. 18 Accounts Payable (Waters Corporation) $5,000 Cash $4,950 Cash Discounts $50

Aug. 19 Accounts Receivable (Tux Co.) $4,800 Sales Revenue $4,800 credit terms of n/10, FOB shipping point, invoice dated August 19. Cost of goods sold $2,400 Inventory $2,400

Aug. 22 Sales Allowances $500 Accounts Receivable (Tux Co.) $500

Aug. 29 Cash $4,257 Cash Discounts $43 Accounts Receivable $4,300

Aug. 30 Accounts Payable (Aron Company) $7,300 Cash $7,300

8 0

3 years ago

Which of the following is one of the primary responsibilities of the federal judicial branch?​

Which of the following is one of the primary responsibilities of the federal judicial branch?