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Anastaziya [24]
3 years ago
6

Balance Sheet

Business
1 answer:
Nataly [62]3 years ago
5 0

Solution :

a). Total debt = notes payable + long term debt

                      = 145,000 + 750,000

                     = $ 895,000

b). Total liabilities and equity = total assets

                                                = 2,900,000

c). Current assets = total assets - net plant and equipment

                             = 2,900,000 - 2,600,000

                              =$ 300,000

d). Total current liabilities = total liabilities and equity - total common equity - long term debt

                           = 2,900,000 - 1,550,000 - 750,000

                           = $ 600,000

e). Accounts payable and accruals = total current liabilities - notes payable  

                                                          = 600,000 - 145,000

                                                          = 455,000

f). Net working capital = current asset - current liabilities

                                    = 300,000 - 600,000

                                   = - $300,000

g). Net operating working capital = current assets - accounts payable and accruals

                                  = 300,000 - 455,000

                                 = - $ 155,000

h). The difference between f) and g). represents the balance of notes payable.  

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Answer:

Sell the parts without any processing because the profit is higher ($20,000 vs $15,000)

Explanation:

they have two options:

  • option A, sell the parts as they are and make $20,000 in profits (= $120,000 - $100,000).
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The best option is A, to sell the parts without any processing because the profit is higher and they do not have to spend more money.

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3 years ago
The following U.S. Treasury bond is listed in the The Wall Street Journal: Rate Mo/Yr Bid Asked 9.50 Oct 38 135:30 136:04 This $
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Answer:

6.35%

Explanation:

If you purchase this bond you will need to pay $1,000 x 136.04% = $1,360.40

the coupon rate is 9.5% / 2 = 4.75% or $47.50 every six months

the bond matures in 18 years or 36 semiannual periods

yield to maturity = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]

YTM = {47.5 + [(1,000 - 1,360.4)/36]} / [(1,000 + 1,360.4)/2]

YTM = 37.49 / 1,180.2 = 0.031766 x 2 (annual yield) = 0.06353 = 6.35%

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You are president of a large corporation. You have a team of experienced VPs. At a typical monthly meeting each of your vice pre
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Situational Leadership is based on the relationship between leaders and followers and serves as a framework to analyze each situation.

Situational Leadership: Delegating

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Question 3: Cost terminology in manufacturing firms a) Direct materials include all materials and components only raw materials
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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 ⇒ <u>Manufacturing Overhead (OH).</u>

Cost of engines used in production ⇒ <u>Direct materials (DM).</u>

Depreciation on production equipment ⇒ <u>Manufacturing Overhead (OH). </u>

Cost of lubricant used in production. ⇒<u> Manufacturing Overhead (OH). </u>

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It takes 30 minutes of direct labor time to make one unit. Direct labor wages average $17 per hour. Variable overhead is applied
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Answer:

$404,000

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Total budgeted Overhead = $347,500 + $56,500 = $404,000

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