Answer:
$15.76
Explanation:
beginning WIP 500 units
materials 85% complete, so 15% added during the period (EUP during current month = 75 units)
conversion costs 55% complete, so 45% added during the period (EUP during current month = 225 units)
units started 7,000
units transferred out 6,100
units started and transferred out = 6,100 - 500 = 5,600 (EUP = 5,600 units)
ending WIP 1,400 units
materials 60% complete (EUP = 840 units)
conversion costs 50% complete (EUP = 700 units)
materials cost for the month = $102,700
total EUP for the month = 6,515 units
total cost per EUP for materials = $102,700 / 6,515 = $15.7636 ≈ $15.76
Answer:
2018 = $4,945.46
2019 - $4,450.91
Explanation:
sum-of- the-years'-digits depreciation expense =( number of useful lives remaining / sum of the years ) x (Cost of asset - residual value)
sum of the years = 1 +2 +3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 = 55
depreciation expense in 2018 = (10 / 55 ) x ( $33,600 - $6,400) = $27,200 X 0.181818 = $4,945.46
depreciation expense in 2018 = (9 / 55 ) x ( $33,600 - $6,400) = $27,200 X 0.163636 = $4,450.91
The general approach to answering this item is to determine first the z-score of the given data and convert the z-scores to percentile. The equation for z-score determination is,
z-score = (X - μ) / σ
where X is the data, μ is the mean or average, and σ is the standard deviation.
(A) at most 2.7 minutes
z-score = (2.7 - 3.2) / 1.6 = -0.3125
This is equivalent to <em>37.73%</em>
(B) more than 3.5 minutes
z-score = (3.5 - 3.2) / 1.6 = 0.1875
This is equivalent to 57.44%. We are asked for more than so we take,
100 - 57.44% = <em>42.56%</em>
(C) z-score of 3.2 minutes
z-score = (3.2 - 3.2) / 1.6 = 0
This is equivalent to 50%.
z-score of 3.4 minutes
z-score = (3.4 - 3.2) / 1.6 = 0.125
This is equivalent to 54.97%
The difference of the two percentiles is <em>4.97%</em>.
Available options are:
a) defensive strategy.
b) blue ocean strategy.
c) diversified portfolio.
d) vertical integration.
e) strategic positioning.
Answer:
Option E Strategic Positioning
Explanation:
Though it seems that the company has investment in a specific niche market segment but this doesn't mean that the blue ocean strategy is followed by the company because it is not given that the competitors can whether or not manufacture such products based on their capabilities.
Furthermore, the investment is in the same industry so the investment is not diversified investment.
It is also worth noting that the company has no ambition of moving to acquire the capabilities of customers or suppliers so it is not part of vertical integration.
The company has not opted to defensive strategy otherwise it would had tried to increase its marketing budget and save costs on manufacturing and other operations.
The strategic positioning follows three principles. The first principle is that the company tries to increase the value for the shareholders by positioning the business in a specific segment which the The Toy Box Inc did by manufacturing products from expensive to low priced products. The second principle is trading-off the competition gains and losses which Toy Box Inc tried to do by offering inexpensive products as well. The third principle is finding the fit among operations of the business which Toy Box Inc did successfully by integrating marketing department with other departments. The result of integration was that the company increased its sales by offering 10% discounts on its products.
Answer:
Preferred stock is advantageous in that it:
(1) has priority over common stock when dividends are declared.
(3) has priority over common stock at liquidation.
Explanation:
2 and 4 are not correct.
(2) in the case of liquidation, priority of payment is made according to seniority ranking. Creditors is ranked higher than preferred shareholders, so they will recieve payments first.
(4) a company is not obligated to pay dividends to shareholders as with interest payment to creditors. So, the creditors would recieve their interest payments first.
