Answer:
9.24 yr
Explanation:
The payback period refers to the amount of time it takes to recover the cost of an investment. In order to find a payback period we need to go through some calculations first
Annual savings = 5 MM Btu/hr x 8,000 hr/yr x $4/MM Btu x 14 MM Btu/hr x 8,000 hr/yr x $7/MMBtu
Annual savings = $0.944 MM/yr
TCI = 
TCI = $4.7 MM
Depreciation - Annualized fixed cost = ![\frac{[4.0 - 0] }{10}](https://tex.z-dn.net/?f=%5Cfrac%7B%5B4.0%20-%200%5D%20%7D%7B10%7D)
Depreciation - Annualized fixed cost = $0.4 MM/yr
Total cost annualized = Annualized fixed cost + Annual operating cost
Total cost annualized = 0.4 + 0.5
Total cost annualized= 0.9 MM/yr
Annual net (after-tax) profit = Annual income - Total cost annualized x (1-Tax rate + Depreciation
Annual net (after-tax) profit = $0.944 MM/yr - $0.9 MM/yr x 1 -0.25 + $0.4 MM/yr
Annual net (after-tax) profit = 0.433MM/yr
Payback period = 
Payback period = 9.24 yr
Answer:
d. $8,300.
Explanation:
Direct Materials
Beginning 8,200
Purchases *16,800
Requisitions 18,400
Ending 6,600
We solve for purchases:
6,600 + 18,400 - 8,200 = 16,800
WIP Inventory
Beginning 7,700
Materials 18,400
Labor 13,700
Overhead 8,200
Transferred Out <u> 39,700*</u>
Ending 8,300
The transferred-out from WIP inventory is the transferred-in for Finished Goods
Answer:
Limited Supply of lawyers will lead to increase in Lawyer Wages / Salaries
Explanation:
Labour Markets are at equilibrium where : Labour Demand (by firms) = Labour Supply (by employees).
Analysing the labour market for Lawyers : Previous anticipations finally leading to small graduating classes & limited supply of lawyers. This limited supply creates excess demand of lawyers. The mismatched excess demand (by firms) creates competition among buyer firms, which leads to increase in price (wages or salaries) of lawyers.
Answer:
Hypertonic soil
Explanation:
In the case study, the young farmer added 60% more fertilizer believing that more fertilizer would simply cause the plants to grow faster. He thought that, since fertilizer helps plants grow, more fertilizer would simply accelerate the processes. He created, however, a hypertonic soil environment rich in potassium and phosphorous, causing the water to leave the corn cells to go to the soil (osmosis effect) leaving them to wither.
Answer: D) Favorable Unfavorable
Explanation:
To begin, it is worthy of note that in Variance, if something is said to be Favourable, it means a negative Variance because less resources than planned were spent. When it is Unfavourable, it means a positive balance variance.
Now, The formula for Labour Rate Variance is as follows,
LABOUR RATE VARIANCE=(ACTUAL RATE-STANDARD RATE)*ACTUAL HOURS WORKED
Seeing as the old workers were being paid $18, and the new office ones were paid $10, we can see that to be the actual rate was less than the standard rate. This would mean that there was a FAVOURABLE balance.
Labour Efficiency is calculated in a similar way,
LABOUR EFFICIENCY VARIANCE=(ACTUAL HOURS WORKED-STANDARD HOURS)*STANDARD RATE.
Now, these are Office workers not assemblyline workers. They do not have the experience to work in such a way that they produce as fast or as efficiently as their striking Assemblyline colleagues.
This would then mean that their actual hours will be MORE than the standard rate which can only lead to an UNFAVOURABLE BALANCE.
