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Explanation
Answer:
The law gives him the right to protect himself from this behavior
Explanation:
The Civil Right Acts' prohibition title VII gives protection against discrimination to workers from different ethnic groups in the work place. This kind of discrimination can cause national-origin lawsuit in title VII. But it is necessary that if Mohans job involves speaking to the public that he speaks some English.
Answer:
1. <u>Impact on profits</u>:
Contribution Margin = $63,000
Less: Traceable Rent = $10,000
Less: Salary of Director = $10,000
Total avoidable fixed expenses = <u>$20,000</u>
Decrease in Profits = <u>$43,000</u>
Hence, the profits will reduce by $43,000 if the basketball program is eliminated.
3. If the allocated fixed costs can be reduced by $50,000. The program should be dropped since there will be an increase in profits by $7,000 (50,000 - 43,000). The avoidable costs and revenues should be taken into account for the purpose of this decision. If the avoidable costs are more than the revenues, the line should be dropped else not.
Hence, since after considering the reduction in allocated fixed costs, the avoidable costs are greater than revenues, the program should be dropped
Answer:
Option 1 PV lumpsum = $200000
Option2 PV of Annuity = $195413.08035 rounded off to $195413.08
Based on the present value of both the options, Option 1 should be chosen as it has a higher present value than option 2.
Explanation:
To decide on the best option to choose among the given two, we need to find the present value of both the options.
As the first option is to receive a lumpsum payment of $200000 today, the present value of this option is also equal to $200000 as it will be received today.
Option two, on the other hand, is an annuity as fixed payments will be received after equal intervals of time and for a limited time period and at the end of the period which satisfies the criteria of annuity ordinary. We will use the formula for the present value of annuity which is,
PV of Annuity = C * [( 1 - (1+r)^-n) / r]
Where,
- C is the periodic payment
- r is the rate of return of discount rate
- n is the number of periods
The periodic payment is provided as $1400. We are also provided with and APR of 6% which is the Annual rate. We will have to convert it into monthly rate by dividing it by 12. We are also provided with the number of years which we will need to convert into number of months by multiplying it by 12.
Monthly r = 6%/12 = 0.5%
Number of periods = 20 * 12 = 240
PV of Annuity = 1400 * [( 1 - (1+0.5%)^-240) / 0.5%]
PV of Annuity = $195413.08035 rounded off to $195413.08
Answer:
The Cool Sky product cost per unit is $102.
Explanation:
To determine the product cost per unit using the absorption costing we find the per unit rate for Fixed Overheads for the year as follows,
Total Fixed overheads for the year / Units produced during the year
$528,000 / 44,000 unit = $12 per unit.
Total Cost per unit = Direct Material per unit + Direct labor per unit + Variable overhead per unit + Fixed Overhead per unit.
Total Cost per unit = $60 + $22 + $8 + $12
Total Cost per unit = $102 per unit.
