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2 years ago

In an enterprise resource planning (ERP) system, the _____ component provides information on production costs and pricing.

Business

1 answer:

posledela2 years ago

5 0

Answer: manufacturing

Explanation:

In an enterprise resource planning (ERP) system, the manufacturing component provides information on production costs and pricing.

Enterprise Resource Planning is the gathering and organization of business data by using an integrated software suite.

It should be noted that ERP software typically contains applications that helps in automating certain business functions such as sales quoting, production, accounting etc

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Modern Federal Bank is setting up a brand-new branch. The cost of the project will be $1.2 million. The branch will create addit

KonstantinChe [14]

Answer:

23.12%

Explanation:

Internal rate of return (IRR) is the rate at which the Net present value (NPV) of a project equals to zero.

Using a financial calculator and the CF function, input the following to find IRR;

Initial investment; CF0 = -1,200,000

Yr1 cashflow inflow ; C01 = 235,000

Yr2 cashflow inflow ; C02 = 412,300

Yr3 cashflow inflow ; C03 = 665,000

Yr4 cashflow inflow ; C04 = 875,000

Then key in IRR CPT = 23.119%

Therefore, the Internal rate of return this expansion is 23.12%

3 0

2 years ago

Lassen Corporation sold a machine to a machine dealer for $24,000. Lassen bought the machine for $52,000 and has claimed $20,500

tangare [24]

Answer:

Gain/loss= $7,500 loss

Explanation:

Giving the following information:

Selling price= $24,000.

Lassen bought the machine for $52,000 and has claimed $20,500 of depreciation expense on the machine

First, we need to calculate the book value:

Book value= original price - accumulated depreciation

Book value= 52,000 - 20,500= $31,500

If the selling price is higher than the book value, the company gain from the sale.

Gain/loss= 24,000 - 31,500= $7,500 loss

8 0

2 years ago

For each of the following transactions for the Sky Blue Corporation, prepare the adjusting journal entries required on October 3

alexandr1967 [171]

Answer:

(a) Debit Deferred revenue $800

Credit Revenue $800

Being entries to recognize revenue earned as at October 31.

(b) Debit Insurance expense $400

Credit Prepaid Insurance $400

Being entries to record insurance expense incurred as at October 31.

Credit Accumulated depreciation $400

Being entries to record depreciation expense on machine as at October 31

Explanation:

Adjusting entries are required when transactions have occurred but are yet to be properly accounted for in the company's books.

(a) Cash collected in advance results in the debit in cash account and a credit to deferred revenue. When the revenue is earned, it is recognized by crediting revenue and debiting deferred revenue with the amount earned.

As at October 31, amount earned

= 1/3 × $2,400

= $800

Entries required

Debit Deferred revenue $800

Credit Revenue $800

Being entries to recognize revenue earned as at October 31.

(b) For amount paid in advance, the expense is recorded when incurred by debiting the expense account and crediting prepaid account to reduce the amount prepaid.

Expense incurred as at October 31

= 1/3 × $1,200

= $400

Entries required

Debit Insurance expense $400

Credit Prepaid Insurance $400

Being entries to record insurance expense incurred as at October 31.

(c) Depreciation expense is recognized as the fixed asset is used by debiting the expense account and crediting the accumulated depreciation account.

Since the annual depreciation is $4,800

Monthly depreciation = 1/12 × $4800

= $400

Entries required

Debit Depreciation expense $400

Credit Accumulated depreciation $400

Being entries to record depreciation expense on machine as at October 31

4 0

2 years ago

15. You have been working for five years after college and are ready to buy your first home. Homes in the area you want to live

PIT_PIT [208]

Answer:

$250,000

Explanation:

the down payment = cost of the house - mortgage = $550,000 - $300,000 = $250,000

Something is not right with this question, because if you have been able to save $250,000 in 5 years, it means that you saved around $50,000 a year. If you were able to save that much money per year, then you should be able to pay a higher mortgage. The average 30 year mortgage has an APR of a little over 4% (national average between 4.04% - 4.16%). That would result in a monthly payment of around $1,151 including insurance.

So you should either go to another bank (if your salary is really that high) or search a cheaper house.

7 0

2 years ago

At the beginning of last year (2019), Richter Condos installed a mechanized elevator for its tenants. The owner of the company,

Wittaler [7]

Answer:

Explanation:

. Determine any gain or loss if the old elevator is replaced.

Cost$120,000 Accumulated depreciation(24,000*)Book value96,000Sales proceeds(25,000) Loss on sale $ 71,000*$120,000 ÷ 5 years = $24,000 [$120,000 – ($120,000 ÷ 5) - $25,000 = $71,000][Cost – Accum. depr. – Sales proceeds = Loss on sale]

b. Prepare a 4-year summarized income statement for each of the following assumptions:

1.The old elevator is retained. Retain Old Elevator Revenues ($240,000 X 4 yrs.) $960,00012

Less costs:Variable costs ($35,000 X 4)$140,000Fixed costs ($23,000 X 4)92,000Selling & administrative116,000*Depreciation96,000444,000Net income$516,000*($29,000 X 4)

2.The old elevator is replaced.Replace Old Elevator Revenues $960,000 Less costs: Variable costs ($10,000 X 4)$ 40,000 Fixed costs ($8,500 X 4) 34,000 Selling and administrative 116,000 Depreciation 160,000350,000 Operating income 610,000 Less: Loss on old elevator 71,000 Net income $539,000[$960,000 – (($10,000 x 4) + ($8,500 x 4) + ($29,000 x 4) + ($40,000 x 4)) - $71,000 = $539,000][Rev. – ((VC x No. of yrs.) + (FC x No. of yrs.) + (S&A exp. x No. of yrs.) + (Ann. depr. x No. of yrs.) – Loss on old elevator = Net inc.]

c. Using incremental analysis, determine if the old elevator should be replaced. Retain Old Elevator Replace Old Elevator Net Income Increase (Decrease) Variable operating costs $140,000$ 40,000$ 100,000 Fixed operating costs 92,000 34,000 58,000 New elevator cost-160,000 (160,000) Salvage on old elevator-(25,000)25,000Totals$232,000$209,000$ 23,000d. Why any gain or loss should be ignored in the decision to replace the old elevator.

5 0

2 years ago