Answer:
a) Kate will produce 100 tomatoes and 0 heads of lettuce.
b) Jim will produce 0 tomatoes and 180 heads of lettuce.
Explanation:
As climatic conditions are better for tomatoes at Kate's plot of land, she should choose to grow those because of better quality. Also, production of lettuce per square-foot is lower at Kate's land compared to Jim's (3 heads vs 6 heads of lettuce). So on 20-squire-foot Kate could produce 60 heads and Jim - 120 heads of lettuce (2x more). So Kate should avoid production of lettuce due to quality and quantity.
Same explanation can be applied to Jim's production of tomatoes. If Jim produce tomatoes, he will only have quantity of 60 tomatoes at 20-square-foot plot, compare to Kate's 100 tomatoes. So he should avoid production of tomatoes.
Answer:
D. realistic job preview
Explanation:
Jorge appreciated that the hiring manager took the time to provide a realistic job preview
Answer:
Interest Receivable (Dr.) $250
Interest Revenue (Cr.) $250
Explanation:
Notions Co. has borrowed money from Lemming and will have to pay cost for it which is a source of fund (revenue) for Lemming. According to the Accrual concept of accounting, revenue should be recognized when earned and not when cash is received. At year end, the interest revenue of two months has been accrued, so it needs to be recognized in the Books of Lemming.
⇒ 18,750 * 8% = 1,500 p.a.
OR Interest Revenue for two months = (1,500/12) * 2 = $250.
Answer:
Total factory overhead to be charged to each unit of Hooks is $33
Explanation:
Sum of all Activity Cost = Total Factory Overhead
Calculate the total factory overhead to be charged to each unit of Hooks
Activity rate = Budgeted amount / Total of each activity base
∴ Activity Rate
For Setups = 60,000 / 20,000 = 3 per setup
For Inspections = 120,000 / 24,000 = 5 per inspections
For Assembly = 420,000 / 28,000 = 15 per dlh
Activity Cost = Activity base for each unit * Activity rate
∴ Activity Cost
For Setups = 1 x 3 = $3
For Inspections = 3 x 5 = $15
For Assembly = 1 x 15 = $15
Recall that;
Sum of all Activity Cost is the Total Factory Overhead
= $3 + $15 + $15
= $33
Answer:
a) YTM = 9.8%
b) realized compound yield is 9.9%
Explanation:
a) PMT = 80
par value FV = 1000
coupon rate = 8%
curent price PV = 953.1
years to maturity n = 3
Yield to maturity (YTM) = 
= 
= 9.8%
b) r2 = 10% = 100%+10%=1.1
r3 = 12% = 100%+12%=1.12
Realized compound yield:First, find the future value (FV. of reinvested coupons and principal
FV = ($80 *1.10 *1.12) + ($80 * 1.12) + $1080 = $1268.16
let a be the rate that makes the future value $1268.16
953.1(1+y)³ =$1268.16
(1+y)³=1.33
1+y=1.099
y = 0.099 = 9.9%
