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Lady bird [3.3K]
3 years ago
12

Miller and Sons' static budget for 9,800 units of production includes $35,800 for direct materials, $54,600 for direct labor, va

riable utilities of $6,800, and supervisor salaries of $14,100. A flexible budget for 12,900 units of production would show: a. direct materials of $47,124, direct labor of $71,871, utilities of $8,951, and supervisor salaries of $16,920 b. total variable costs of $111,300 c. the same cost structure in total d. direct materials of $47,124, direct labor of $71,871, utilities of $8,951, and supervisor salaries of $14,100 Round your final answer to the nearest dollar. Do not round interim calculations
Business
1 answer:
Nikolay [14]3 years ago
8 0

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Miller and Sons' static budget for 9,800 units of production includes:

Direct material= $35,800 (35800/9800=3.653)

Direct labor= $54,600  (54600/9800= 5.5714)

Variable utilities of $6,800 (6800/9800=0.694)

Supervisor salaries of $14,100.

Units= 12900

Direct material: 3.653*12,900= 47,124

Direct labor=  5.5714*12,900= 71,871

Variable utilities= 0.694*12,900= 8,953

Supervisor salaries of $14,100.

The supervisor salary is a fixed cost.

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Kevin, who has liability limits of $20,000/$40,000/$20,000 and a $500 collision deductible, is involved in an accident. Due to h
harina [27]

Answer:

Amount to pay by PAP = $39,600

Explanation:

The liability limits of $20,000/$40,000/$20,000 implies that the highest amount PAP will pay for driver's injuries is $20,000, while the highest to pay for the first of two passenger is $40,000 and $20,000 for second passenger.

Since the a passenger received injuries worth $12,500, and another passenger received injuries of $7,100, the PAP will the actual amount and $20,000 for the driver's injuries. The total can therefore be calculated as follows:

Amount to pay by PAP = $20,000 + $12,500 + $7,100 = $39,600

4 0
3 years ago
If you were advising which actions a company should take to perform value chain activities more cost effectively, you would not
Shalnov [3]

Answer: redesign its products to eliminate those features that might have market appeal, but would excessively increase production costs.

Explanation:

The main aim of every organization are typically cost minimization and profit maximization. If I wanted to advise a company on the kind of actions to take to perform value chain activities more cost effectively, I'll tell them to improve their supply chain efficiency as well as use economies of scale and effective utilization of its resources.

Therefore, redesigning its products to eliminate those features that might have market appeal, but would excessively increase production costs is wrong as this will only lead to increase in cost.

4 0
3 years ago
A licensed _______________ must display his or her license conspicuously in the principal place of business at all times.
creativ13 [48]

Answer:

Broker

Explanation:

A licensed broker must dispaly his or her name boldly in their primary place of business at all times becasue it helps to identify a broker quickly as well as has gives confidence to customers to transact business with them.

Cheers.

3 0
3 years ago
Assume that Denis Savard Inc. has the following accounts at the end of the current year. 1.Common Stock14.Accumulated Depreciati
boyakko [2]

Answer:

                                       Denis Savard Inc

                                  Classified Balance sheet

                                                         Amount$    Amount$   Amount$

        Assets

Current Assets

Cash                                                      xxx

Less Cash Restricted for Plant            <u>xxx</u>               xxx

Expansion

Accounts Receivable                           xxx

Less Allowance for Doubtful debt      <u>xxx</u>                xxx

Notes Receivable                                                      xxx

Receivables-Officers                                                 xxx

<u>Inventory</u>

Finished goods                                     xxx

Work in Process.                                   xxx

Raw Materials                                        <u>xxx               xxx</u>

Total Current Assets                                                                    xxx

Stockholders Equity

Common Stock                                      xxx

Add Paid-in Capital in Excess of           <u>xxx</u>

Par-Common Stock.

Total paid in capital                                                   xxx

Add Retained Earnings.                                            <u>xxx</u>

Total paid in capital and retained earnings             xxx

Less Treasury Stock (at cost)                                    <u>xxx</u>

Total Stockholders Equity                                                            <u>xxx</u>

Total Liability and Stockholders Equity                                       xxx

Liability and Stockholders Equity

<u>Current Liability</u>

Salaries and Wages Payable.                                    xxx

Unearned Subscriptions Revenue.                           xxx

Unearned Rent Revenue.                                          <u>xxx</u>

Total Current Liability.                                                                  xxx

<u>Long term liabilities</u>

Bonds Payable (due in 4 years)               xxx

Less Discount on Bonds Payable            <u>xxx             xxx</u>

Total Long term liabilities.                                    .                       xxx

<u>Long term Investment</u>

Preferred Stock (Equity) Investments.                         xxx

Land Held for Future Plant Site..                                  xxx

Cash Restricted for Plant Expansion.                           <u>xxx</u>

Total Long term Investment.                                                        xxx

Property, Plants and Equipment

Building.                                                     xxx

Less Accumulated Depreciation              <u>xxx               xxx</u>

- Buildings

Total Property, Plants and                         .                                   xxx

Equipment

Intangible Assets

Copyrights.                                    .                                xxx

Total Intangible Assets.                                    .                             <u>xxx</u>

Total Assets.                                    .                                              <u>xxx</u>

3 0
3 years ago
Assume a major investment service has just given Oasis Electronics its highest investment rating, along with a strong buy recomm
ruslelena [56]

Answer:

Share price : $ 56.23

Explanation:

CAPM

Ke= r_f + \beta (r_m-r_f)

risk free = 0.05

market rate = 0.11

premium market = (market rate - risk free) 0.06

beta(non diversifiable risk) = 1.64

Ke= 0.05 + 1.64 (0.06)

Ke 0.14840

Now, we solve for the present value of the future dividends:

year   dividend*     present value**

1  2.91                 2.53

2  3.31                 2.51

3  3.78         2.49

4  4.31                 2.48

4   80.38          46.22

TOTAL            56.23

*Dividends will be calculate as the previous year dividends tiems the grow rate

during the first four year is 14%

then, we calcualte the present value of all the future dividends growing at 9% using the dividend grow model:

\frac{D_1}{K_e-g}

(4.31 x 1.09) / (0.1484 - 0.09) = 80.38

Then we discount eahc using the present value of a lump sum:

\frac{Cashflow}{(1 + rate)^{time} } = PV

We discount using the CAPM COst of Capital of 14.84%

last we add them all to get the share price: $ 56.23

4 0
3 years ago
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