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2 years ago

The budget for Department 6 of Cardinal Company for the current month ending March 31 is as follows:

Business

1 answer:

Hitman42 [59]2 years ago

7 0

Answer:

a) Cardinal Company, department 6

Budget performance report

For the month ended march 31, 202x

Budget Actual Over Under

budget budget

Materials $208,000 $204,000 $4,000

Factory wages $265,000 $285,000 ($20,000)

Supervisory salaries $67,800 $63,600 $4,200

Depreciation P&E $35,000 $35,000 - -

Power and light $22,500 $21,360 $1,140

Insurance and $15,500 $14,400 $1,100

property taxes

Maintenance $9,700 $9,456 $244

Total $623,500 $632,816 ($9,316)

b) Factory wages were higher than budgeted by $20,000 or 7.55%, supervisory salaries were lower than budget by $4,200 or 6.19%, power and light were lower than budgeted by $1,140 or 5.07%, and insurance and property taxes were lower than budgeted by $1,100 or 7.1%

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Armstrong Corporation manufactures bicycle parts. The company currently has a $19,800 inventory of parts that have become obsole

FinnZ [79.3K]

Answer:

If sold without Modification, Armstrong Corporation will incur a loss of $12,500.

If the Corporation modifies the Stock and then Sell it, its loss will be $9,200.

Explanation:

<u>Workings</u>

Without Modification:

Selling Price = 7,300

Less: Cost of Inventory = 19,800

Loss = $12,500.

Modification:

Selling Price = 20,900

Less: Cost of Inventory = 19,800

Modification Cost = 10,300

Loss = $9,200.

If you have any queries, feel free to ask. Thanks!

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1 year ago

A company has a complicated Sales process regarding its opportunities. The company has three different lines of business (Widget

dalvyx [7]

Answer:

A. Create three Record Types (Widget A, Widget B, Widget C) with six Page Layouts (Sales Widget A, Sales Widget B, Sales Widget C, Marketing Widget A, Marketing Widget B, and Marketing Widget C).

Explanation:

This question is about Salesforce, and the reason I chose A is because:

Option B is not correct because ti would be too messy to use only one Record type.
Option C is not correct because you need a 6 page layout and that option includes only a 1 page layout.
Option D is unnecessarily complicated since you can use only 3 record types and using 6 would not help you at anything.

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2 years ago

Dobson Contractors is considering buying equipment at a cost of $75,000. The equipment is expected to generate cash flows of $15

Alex787 [66]

Answer: d. $1,534 positive net present value of the cash flows. Based on present value considerations, Dobson Construction should buy the machine.

Explanation:

To calculate the Net Present Value, we take the present values of all the future cashflows and subtract the initial cost from this amount.

Now, the cashflows are stable and this means that we can use the Present Value of an Annuity factor to find out the present value of the cashflows. We can then use a simple present value formula to find out the PV of the sale price.

I have attached a table that shows the PVIFA factors to make our calculations easier.

With interest rates at 12% and the year being 8 years, the PVIFA factors is 4.9676

Calculating therefore we have,

= 15,000 * 4.9676

= $74,514

This is the present value of 8 years of $15,000 cash flows.

In the same year, the machine can be sold for $5,000 so the present value of that is,

= 5000 / ( 1 + 12%)^8

= $2,020

Adding those together we get,

= 74,514 + 2,020

= 76,534

= $76,534

Subtracting the original cost we have,

= 76,534 - 75,000

= $1,534 in positive cashflow.

Net Present Value = $1,534

This means that Based on present value considerations, Dobson Construction should buy the machine due to a $1,534 positive net present value.

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1 year ago

Jacqui decides to open her own business and earns $50,000 in accounting profit the first year. When deciding to open her own bus

ohaa [14]

Answer: $4,000

Explanation: Economic profit can be defined as the difference between the total revenues generated from operations and cost incurred plus any opportunity cost taken.

Opportunity cost is the cost of next best alternative foregone, that is loss of profits that occurred due to choosing one alternative over other. In the given case loss of interest and loss of highest salary are opportunity cost for Jacqui .

Hence,

economic profit = revenues - (interest + salary)

= $50,000 - ($1000 + $45,000)

= $4,000

7 0

1 year ago

Hector is philosophically opposed to unions. "Why should I be required to join an organization I don't agree with, or pay a fee

AnnyKZ [126]

Answer:

Open

Explanation:

Open shop arrangement is the term which is defined or described as the office, factory or other kind of business establishment in which the union, which is selected or elected through a majority of the employees, that later act as the representative of all the employees while making the agreements with the employer.

So, in this case, the Hector is against the or opposed ton unions. Therefore, the comments of the Hector states that he is in favor of an open shop arrangement.

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2 years ago