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AfilCa [17]
2 years ago
5

Kristy Martin is getting married on Saturday. She purchases flowers for the church ceremony early Saturday morning from a local

flower shop. Which of the following types of utility is not created by this activity?A. Form
B. Place
C. Time
D. Possession
E. Ownership
Business
1 answer:
AVprozaik [17]2 years ago
6 0

Answer:

E. Ownership

Explanation:

As we know that

The utility refers to the satisfaction level of the consumer while consuming the goods

In addition, The utility are of four types i.e form, place, possession, and the place

So according to the options given in the question, the last option is correct i.e ownership

Hence, the first four options are wrong.

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The following budget data pertain to the Machining Department of Yolkenverst Co.: Maximum capacity 62,000 units Machine hours pe
Marysya12 [62]

Answer:

Yolkenverst Co.

Machining Department

For the current year the department has a fixed overhead production volume variance, rounded to the nearest whole dollar, of:

= $7,148.

Explanation:

a) Data and Calculations:

Maximum capacity 62,000 units

Machine hours per unit 2.50

Variable factory overhead $ 4.20 per machine hour

Fixed factory overhead $ 432,500

Planned capacity units to be produced = 50,840 units (62,000 * 82%)

Actual capacity units produced = 50,000 units

Production volume variance = 840 units (50,840 - 50,000)

Fixed factory overhead rate of maximum capacity = $6.96 ($432,500/62,000)

Standard fixed overhead rate based on planned capacity = $8.51 ($432,500/50,840)

Fixed overhead production volume variance = production volume variance * standard fixed overhead rate based on planned capacity

= 840 * $8.51

= $7,148.4

= $7,148

7 0
1 year ago
Tickets Now contracts with the producer of Riverdance to sell tickets online. Tickets Now charges each customer a fee of $4 per
Lemur [1.5K]

Answer:

The correct option: $14 because both the fee from the customer and the producer are earned

Explanation:

Based on the information given we were told that Tickets Now charges each of their customer a fee amount of $4 per ticket in which they receives the amount of $10 per ticket from the producer which means that the amount of revenue Tickets should Now recognize for each Riverdance ticket they sold will be $14 ($10 per ticket +$4 per ticket) because both the fee from the customer and the producer are earned.

7 0
1 year ago
On January 1, 2019, Lynch Company acquired 13% bonds with a face value of $50,000. The bonds pay interest on June 30 and Decembe
My name is Ann [436]

Answer:

1) CR Cash/Bank $51,229.35 , DR Bonds Receivable Account $50,000 and DR Premium on Bond Payable Account.

(2) Please see attached for Investment Interest Income Amortization Schedule

(3) Recording of Interest Received

June 30, 2019

CR Income statement (Interest Received) -$3,000, CR Premium on Bond Receivable $250

December 31, 2021

CR Income Statement (Interest Received) -$2915.44

Explanation:

(1) CR Cash/Bank $51,229.35 , DR Bonds Receivable Account $50,000 and DR Premium on Bond Payable Account.

(2) Please see attached for Investment Interest Income Amortization Schedule

(3) Recording of Interest Received

June 30, 2019

CR Income statement (Interest Received) -$3,000, CR Premium on Bond Receivable $250

December 31, 2021

CR Income Statement (Interest Received) -$2915.44

Download xlsx
5 0
2 years ago
Assume the current Treasury yield curve shows that the spot rates for six​ months, one​ year, and one and a half years are 1 %1%
Ludmilka [50]

Answer:

present value of bond = $1042.96

Explanation:

given data

spot rates for six​ months = 1%

spot rates for one and = 1.1%​

spot rates for one and half years = 1.3%​

price = $1000

coupon bond = 4.25%

time = 6 month

solution

we get here first price on bond paid that is

coupon paid = $1000 × 4.25 × 0.5   = $21.25

we get here present value of 6 month and 1 year and 1 and half  year

present value  =   \frac{coupon\ payment }{(1+\frac{spot \ rate}{2})^t}     ..............1

present value of 6 month = \frac{21.25}{(1+\frac{0.1}{2})^1}    = 20.23

present value of 1 year = \frac{21.25}{(1+\frac{0.011}{2})^2}   = 21.01  

present value of 1 year and half year = \frac{21.25}{(1+\frac{0.013}{2})^2}   =  20.97

and

now we get present value of par value in 1 and half year

present value of par value in 1 and half year = \frac{par\ value}{(1+\frac{spot rate}{2})^3}  

present value of par value in 1 and half year = \frac{1000}{(1+\frac{0.013}{2})^3}

present value of par value in 1 and half year = 980.75

so

present value of bond will be as

present value of bond = 20.23 + 21.01 + 20.97 + 980.75

present value of bond = $1042.96

5 0
1 year ago
Hart Manufacturing makes three products. Each product requires manufacturing operations in three departments: A, B, and C. The l
Serjik [45]

Answer:

Objective function:

Maximize Z: 30P1 + 25P2 + 28P3

Subject to:   2.00P1 + 1.50P2 + 3.00P3 ≤ 450 (Department A constraint)

                    2.50P1  + 2.00P2 + P3       ≤ 350 (Department B constraint)

                    0.25P1  + 0.25P2 + 0.25P3 ≤ 50  (Department C constraint)

                           P1, P2, P3                       ≥  0 (Non-negativity)

Explanation:

The objective function is formulated from the contribution margin of the three products. For instance, the contribution of Product 1 is $30, the contribution of Product 2 is $25 and the contribution of Product 3 is $28. Thus, the objective function will be 30P1 + 25P2 + 28P3.

The constraints were obtained from the departmental labour hours requirements for each product. For instance, Product 1 requires 2 hours in department A, Product 2 requires 1.50 hours in department A and Product 3 requires 3 hours in Department A. Thus, the constraint will be 2.00P1 + 1.50P2 + 3.00P3.

8 0
1 year ago
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