Answer:
Lakeland Chemical
Equivalent Units of Direct Materials total 82,000 units.
Explanation:
1. Calculations:
Beginning Work in process Inventory = 15,200 (100% complete)
Direct materials started in May = 66,800 (100% complete)
Equivalent units of direct materials = 82,000 units
2. The equivalent units of direct materials is the sum of equivalent unit of beginning inventory and the units added during the period.
3. The equivalent cost of the direct materials is the sum of the equivalent costs of beginning and the costs of units added during the period.
Answer:
The Contracting Officer's Representative (COR) should look for the contract terms that specify which party bears the costs associated with contract delivery delays.
In order to protect the government's best interest concerning the cost for the housing of the 200 soldiers for three weeks, the question to ask is if the contract provides that the contractor will bear the costs for housing the soldiers. Who occasioned the delay?
Explanation:
There are usually some costs with construction contracts not meeting deadlines. Some of them are that the asset may not be available at the required time for use, occasioning the need to incur some costs for alternatives. How would the gap be filled? Which party bears the costs of the delays? Are there provisions in the contract specifying the party that assumes liability for some unforeseen delays?
Answer:
Which of the following statements about brand names is true?
- 1. Brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand.
Options 2 and 3 are wrong:
2. Brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different from generic versions.
⇒ FALSE, just because a product has a certain brand it doesn't make it better and therefore more expensive. There are brands that consumers associate with luxury and expensive products, while there are other brands that consumers recognize while not necessarily being more expensive than others, e.g Coke.
3. It is always rational to prefer brand names over generic substitutes.
⇒ FALSE, it depends on the type of product. Generic medicines as just as effective as banded medicines.
Read the following example and determine whether it illustrates a common critique or defense of advertising.
- This illustrates a common <u>CRITIQUE</u> of advertising. This ad targets young people that are susceptible to believing exaggerated or materialistic aspects of a product that cannot be proven correct or wrong.
Answer:
b. 1 and 3.
Explanation:
The investors are of two types either they are risk averse or risk seekers. Risk averse are those who are not willing to take risks for their investments. They accept lower returns but they are not ready to take more risks than their appetite. Risk seekers are those who demand more risk for more returns. The risks level is so high that even their whole investments can go away but they take this risk to achieve high extra ordinary returns.
Answer:
Annual deposit (PMT) = $1,567,060.39
Explanation:
Given:
Future value of annuity due = $8,000,000
Rate of interest(r) = 10% = 0.1
Number of year (n) = 4 year
Annual deposit (PMT) = ?
Computation of annual deposit :
\\\\8,000,000 = PMT [\frac{(1+0.1)^4-1}{0.1} ](1+0.1)\\\\8,000,000 = PMT [\frac{(1.1)^4-1}{0.1} ](1.1)\\\\8,000,000 = PMT [\frac{(0.4641}{0.1} ](1.1)\\\\8,000,000 = PMT [5.1051]\\PMT = 1,567,060.39](https://tex.z-dn.net/?f=Future%5C%20value%5C%20of%5C%20annuity%5C%20due%20%3D%20PMT%20%5B%5Cfrac%7B%281%2Br%29%5En-1%7D%7Br%7D%20%5D%281%2Br%29%5C%5C%5C%5C8%2C000%2C000%20%3D%20PMT%20%5B%5Cfrac%7B%281%2B0.1%29%5E4-1%7D%7B0.1%7D%20%5D%281%2B0.1%29%5C%5C%5C%5C8%2C000%2C000%20%3D%20PMT%20%5B%5Cfrac%7B%281.1%29%5E4-1%7D%7B0.1%7D%20%5D%281.1%29%5C%5C%5C%5C8%2C000%2C000%20%3D%20PMT%20%5B%5Cfrac%7B%280.4641%7D%7B0.1%7D%20%5D%281.1%29%5C%5C%5C%5C8%2C000%2C000%20%3D%20PMT%20%5B5.1051%5D%5C%5CPMT%20%3D%201%2C567%2C060.39)
Annual deposit (PMT) = $1,567,060.39
