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Bogdan [553]
1 year ago
14

Suppose you live in western Massachusetts and need to get to San Francisco to close a business deal by the following night. Beca

use the only available flights are in Boston, you drive east to Boston in order to catch the first flight to San Francisco that morning. This solution would NOT have been possible if you had exclusively employed a
Business
1 answer:
Masja [62]1 year ago
3 0

Answer:

hill-climbing strategy

Explanation:

Based on the scenario being described within the question it can be said that this would not have been possible if you exclusively employed a hill-climbing strategy. This is a strategy used for problem solving in which the easiest solution is employed first and adjustments are made to the solution as it is be implemented. In this scenario it would increase the travel time and you would never make it to the deal on time.

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Johnson Marine has the following costs and expected sales for the coming year. Johnson is considering a number of different meth
velikii [3]

Answer:

$375

Explanation:

If Johnson will use the desired gross margin percentage to determine the selling price of its products, they must use the following formula:

selling price per unit = total manufacturing costs per unit / (1 - gross margin)

Total manufacturing costs = variable manufacturing costs + total fixed costs + batch level fixed overhead = $2,350,000 + $1,200,000 + $200,000  = $3,750,000

total manufacturing cost per unit = $3,750,000 / 20,000 units = $187.50

selling price per unit = $187.50 / (1 - 50%) = $187.50 / 50% = $375

7 0
1 year ago
Phips Co. purchases 100 percent of Sips Company on January 1, 20X2, when Phips' retained earnings balance is $320,000 and Sips'
Taya2010 [7]

Answer:

Phips' post-closing retained earnings balance on December 31, 20X2 = $577,000

Explanation:

Note: When 100% shares of a company is acquired it is treated as subsidiary and for its accounting equity method is used.

In that case all balances of subsidiary are added to balances of Parent company.

But if any dividend is received then such value is deducted from carrying value of investment, and any share in profit will be added to carrying value.

All the retained earnings balance is accumulated together of both companies.

Therefore closing balance shall be

Retained earnings balance of Sips at year end

= $120,000 + $20,000 - $8,000 = $132,000

Year end balance of Phips Alone

= $320,000 + 125,000 = $445,000

Total Retained Earnings at year end = $132,000 + $445,000 = $577,000

3 0
2 years ago
Exercise 2-12 Analyzing and journalizing transactions involving receipt of cash LO P1 Following are transactions for Valdez Serv
Komok [63]

Answer:

1. Date  General Journal and Explanation        Debit         Credit

              Cash                                                   $20,000

                   Common Stock                                               $20,000

              (To record investment in stock)

                Cash                                                   $900

                     Service Revenue                                           $900

               (To record revenue earned in Cash)  

                Cash                                                  $10,000  

                       Unearned Service Revenue                       $10,000

               (To record advance receipt)  

                Cash                                                    $3,500  

                        Accounts receivables                                 $3,500

               (To record cash received)  

                 Cash                                                   $5,000

                         Notes Payable                                            $5,000

                 (To record issuance of note)

2. Question missing.

4 0
1 year ago
EDGAR, the Electronic Data Gathering. Analysis, and Retreival system, performs automated collection, validation, indexing, accep
Anon25 [30]

Answer:

Avon Products Inc.

All Amounts in $ million

Gross Trade Accounts Receivable at the end of the year are $ 443 million + $ 86.7 million = $ 529.7 million

The amount of Bad Debts provided for the year is $ 144.1 million.

The amount of bad debts written off during the year is $ 160.2 million.

The amount of cash collected from the Customers

Opening Gross Accounts Receivable = $ 622.50 million

Sales for the year 2015 = $ 6,076.50 million

Closing Gross Accounts Receivable = $ 529.70 million

Net Collections from Customers = $ 6,169.30 million

5 0
2 years ago
Pinnacle corporation is a manufacturing company operating numerous machines. these require regular maintenance to keep them oper
Mkey [24]
The total cost of the month will consist of the fixed and variable components. The variable cost is: $23,000 x 0.5 + [5 x (23,000/800)] = 11,500 + 143.75 = $11,643.75. The total cost will therefore be $3,000 + 11,643.75 = $14,643.75. A brief explanation. The variable cost consists of the maintenance cost per unit plus the setup cost for every batch. There's a total of 28.75 (23000/800) costing each $5. We then combine both variable costs and add to fixed cost to arrive at the total cost for the month.
8 0
2 years ago
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