Problem solving and critical thinking are ______ because they use logic and reasoning to develop and evaluate options

Kemp Corporation manufactures a variety of parts for use in its product. The company has always produced all of the necessary pa

dedylja [7]

Answer:

financial advantage of purchasing from outside vendor = $36,000

Explanation:

outside vendor offers 18,000 units at $40 per unit = $720,000

current production costs (for 18,000 units):

Direct materials $324,000
Direct labor $162,000
Variable manufacturing overhead $36,000
Fixed manufacturing overhead, traceable $162,000 ($54,000 avoidable)
Fixed manufacturing overhead, allocated $216,000 (not avoidable)
Total cost $900,000

total avoidable costs = $576,000

additional revenue generated by freed facilities = $180,000

financial advantage of purchasing from outside vendor = ($576,000 + $180,000) - $720,000 = $36,000

3 0

4 years ago

A bonus package pays an employee $800 at the end of the first year, $1800 at the end of the second year, $2800 at the end of the

makvit [3.9K]

Answer:

The present value for this bonus is $30,018.13

Explanation:

pv n i FV

754.72 1 6% 800

1601.99 2 1800

2350.93 3 2800

3009.96 4 3800

3586.84 5 4800

4088.77 6 5800

4522.39 7 6800

4893.82 8 7800

5208.71 9 8800

5 0

3 years ago

Read 2 more answers

Kiera’s dog walking business is booming, and she is interested in expanding. In order to expand, her company needs more customer

Artemon [7]

Answer:

The correct answer to the following question will be "She enhanced her brand image".

Explanation:

Keira dramatically improved her brand reputation by getting ready a logo to promote her unquantifiable facility of various dog walking the dog. Designed to enhance the brand identity requires connecting with the clients regarding your brand as well as trying to make your provider or good extra attractive to the users. That is among the most powerful advertising moves.
Keira aims to grow its market here by generating more competition for its intangible growing organization. For all of this she chooses to help improve her brand value so that she can get so many requirements for her provider as well as make higher revenue.

So that the above is the right answer.

3 0

4 years ago

On January 1, 2019, Smith, Inc., has the following balances for accounts receivable and allowance for doubtful accounts: Account

slava [35]

Answer:

1. $372,150

2. $650

Explanation:

1. Smith's preadjustment balance in accounts receivable on December 31, 2019:

= Accounts Receivable on January 1, 2019 + Credit sales - Collected accounts receivable - uncollectible accounts receivable

= $386,000 + $2,895,000 - $2,905,000 - $3,850

= $372,150

2. Smith's preadjustment balance in allowance for doubtful accounts on December 31, 2019:

= Allowance for Doubtful Accounts (a credit balance) on January 1, 2019 - uncollectible accounts receivable

= $4,500 - $3,850

= $650

3. The Journal entry is as follows:

Bad Debt Expense ($3,800 - $650) A/c Dr. $3,150

To Allowance for Doubtful Accounts $3,150

(Record adjusting entry for bad debt expense estimate)

5 0

3 years ago

Hardware is adding a new product line that will require an investment of $ 1 comma 476 comma 000. Managers estimate that this in

OleMash [197]

Answer:

42,51%

Explanation:

Accounting Rate of Return (ARR) = Average Profits / Average Investment

Calculation of Average Profits

Average Profit = Sum of Profits / Number of Years

= (300,000+290,000+240,000×8)/10

= $2,510,000 / 8

= $313,750

Calculation of Average Investment

Average Investment = Initial Investment + Scrape Value / 2

= $1,476,000/2

= $738,000

Accounting Rate of Return (ARR) = $313,750/$738,000×100

= 42,51%

5 0

3 years ago