Ask question

Ask question

All categories

3 years ago

14

You started a new job working 4 days a week. During a work day you can complete 3 tasks per hour. You also take a half hour for

lunch and two 15 minute breaks. How many tasks are you able to complete during a week if you’re at work 8 hours a day?

1 answer:

aleksandr82 [10.1K]3 years ago

4 0

21 tasks, if you use your lunch break and your 2 15 minute breaks

You might be interested in

Earth's Treasures Mining Co. acquired mineral rights for $93,000,000. The mineral deposit is estimated at 60,000,000 tons. Durin

Shkiper50 [21]

Answer and Explanation:

a. The computation of the depletion rate is shown below:

= Acquired mineral rights ÷ estimated mineral deposit

= $93,000,000 ÷ 60,000,000 tons

= $1.55 per ton

b. The amount of depletion expense for the current year is

= Depletion rate × current year mined tons

= $1.55 per ton × 16,800,000 tons

= $26,040,000

c. And, the journal entry is

Depletion expense $26,040,000

To Accumulated depletion $26,040,000

(Being depletion expense is recorded)

For recording this entry we debited the depletion expense as it increased the expenses and at the same time it decreased the value of the asset so the accumulated depletion is credited

4 0

3 years ago

Periodic outlays for inventory control software at Baron Chemicals are expected to be $150,000 immediately, $200,000 in 1 year,

Nady [450]

Answer:

Total present value=$617,523.24

Explanation:

The formula for calculating continuous compounding is given as follows

F=P(e^it)

F=future value

P=present value

i=interest rate

t=time involved i.e 1 year or 2 year

e=Mathematical constant=2.7183

By applying above mentioned formula, the present value of inventory control software by Baron Chemicals shall be calculated as follows:

Present value of year 2 Cash flow= $286,555.76

($350,000/e^10%*2)

Present value of year 1 Cash flow= $180,967.48

($200,000/e^10%*1)

Present value of year 0 Cash flow= $150,000

Total present value=$617,523.24

7 0

3 years ago

The term structure of interest rates is upward sloping for all bond types. A certain AAA-rated non-callable 10-year corporate bo

saul85 [17]

Answer:

B) A callable AAA-rated corporate bond with a 15-year maturity

Explanation:

Base on the scenario been described in the question, a non- callable 10-years corporate bond has been issued at a 6.15 percent promised yield the bond which has higher promised yield will be a callable AAA-rated corporate bond with a 15-year maturity period. This is so because, it has a higher promised yield .

6 0

4 years ago

At the beginning of the year, the Cortlandt City Council adopts a budget calling for estimated revenues of $480,000 and appropri

Tomtit [17]

Answer: The Budgetary fund balance account must be credited.

Explanation:

When recording Revenue and Appropriations together, the Revenue is debited and the Appropriations are credited. The Budgetary Fund is credited when Revenue is higher than Appropriations and designated usually as "Unassigned".

In this scenario, the amount going to the Budgetary Fund will be $10,000 which is the difference between Revenue and Appropriations.

4 0

3 years ago

I Love My Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following plann

Oliga [24]

Answer:

IMPORTANT NOTE: The data of the calculation was obtained from an online research because you plot the information incomplete.

Explanation:

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

Material Price variance = (Standard Rate – Actual Rate) * Actual Quantity

Cocoa: Material price variance = ($7.25 - $7.33) * 140,300

Material price variance = -$11,224

Sugar: Material price variance = ($1.40 - $1.35) * 140,300

Material price variance = $7,015

Total Material price variance = -$4,209 Unfavorable.

Material Quantity variance = (Standard Quantity for actual output – Actual Quantity) * Standard rate

Cocoa:

Standard Quantity for actual output = (12lbs * 5,000 cases + 8lbs * 10,000 cases)

Standard Quantity for actual output = 140,000

Material Quantity variance = (140,000 – 140,300) * $7.25

Material Quantity variance = -$2,175

Sugar:

Standard Quantity for actual output = (10lbs * 5,000 cases + 14lbs * 10,000 cases)

Standard Quantity for actual output = 190,000

Material Quantity variance = (190,000 – 188,000) * $1.4

Material Quantity variance = $2,800

Total Material Quantity Variance = $625 Favorable

Total Material Cost Variance = Material Price variance + Material Quantity variance

Total Material Cost Variance = -$4,209 + $625

Total Material Cost Variance = -$3,584 Unfavorable.

Labor Rate variance = (Standard labor Rate – Actual labor Rate) * Actual Labor Hours

Dark Chocolate: Labor Rate variance = ($15.5 - $15.25) * 2,360

Labor Rate variance = $590

Light Chocolate: Labor Rate variance = ($15.5 - $15.8) * 6,120

Labor Rate variance = -$1,836

Total Labor Rate variance = -$1,246 Unfavorable.

Labor Time variance = (Standard hours allowed – Actual hours worked) * Standard rate

Dark Chocolate:

Labor Time variance = (5,000 cases * 0.5 hour per case – 2,360) * $15.5

Labor Time variance = (2,500 hours – 2,360 hours) * $15.5

Labor Time variance = $2,170

Light Chocolate:

Labor Time variance = (10,000 cases * 0.6 hour per case – 6,120) * $15.5

Labor Time variance = (6,000 hours – 6,120 hours) * $15.5

Labor Time variance = -$1,860

Total Labor Time Variance = $310 Favorable

Total Labor Cost Variance = Labor Rate variance + Labor Time variance

Total Material Cost Variance = -$1,246 + $310

Total Material Cost Variance = -$936 Unfavorable.

5 0

4 years ago