Answer:
Explanation:
See the attached for a spreadsheet of the values given in the problem statement. We have simply added the salary to the value of the preference and subtracted the one-time moving expense.
The right-most column shows the net increase in value of moving to Miami for each of the householders. Bonnie achieves so much more value that her net value outweighs the rather significant hit in value that Donna experiences.
If the vote is by net value to the householders, they must vote to move. There are no householders that have a net zero change in value.
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<em>Comment on democracy</em>
A decision based on net value does not account for the rather significant cost to Donna. If the household values mental health and interpersonal relationships, the fact that one member suffers badly from the move should be enough to sway the decision against it.
Answer:
Instructions are below.
Explanation:
<u>We were provided with the activity rates. To calculate the total cost, first, we need to allocate overhead to both product lines:</u>
<u></u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Product K425:
Allocated MOH= (6*80) + (4*100) + (50*1) + (90*1) + (14*1) + (9*80)
Allocated MOH= $1,754
Product M67:
Allocated MOH= (6*500) + (4*1,500) + (50*4) + (90*4) + (14*10) + (9*500)
Allocated MOH= $14,200
<u>Now, we can calculate the unitary cost:</u>
Product K425:
Unitary cost= 13 + 5.6 + (1,754/200)
Unitary cost= $27.37
Product M67:
Unitary cost= 56 + 3.5 + (14,200/2,000)
Unitary cost= $66.6
Net Income before Sale of Shares........................................................$1800000
Additional Income due to sale of shares.............................................$400000
Total Net Income........................................................................................$2200000
Income [email protected]%.........................................................................................($660000)
Net Income After Tax..................................................................................1540000
Total No of Shares.........................................................................................260000
Earning Per Share(Net Income After Tax/No of Shares)......................$5.92
Answer:
In a larger corporation, the CFO's duties shift more toward analysis, oversight, and management.
Explanation:
Accounting and Reporting: The CFO is responsible for keeping accurate financial records and for reporting on a company or organization's financial status.
Answer:
cash 20,000,000 debit
unearned revenue 20,000,000 credit
Explanation:
Record the advance collection of $20 million for iTunes gift card.
When a gift card is sold, Apple Inc assume the obligation of latter provide iTunes in the near future or do cash reimbursement therefore; this isn't revenue. It is a liability. Apple will generate revenue when the gift ard are redeem not at sale.
