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2 years ago

It is estimated that a first time dui costs roughly ______ once all potential costs are factored in.

1 answer:

4 0

The estimated cost of first time DUI roughly around $1,000 dollars once the potential cost are factored in. The potential cost of a contract is the sum of all the estimated and actual cost of all the fees and reimbursable expenses associated with contact.

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Kolar Manufacturing is approached by a European customer to fulfill a one-time-only special order for a product similar to one o

Alona [7]

Answer:

$ 140,000

Explanation:

Data:

Variable cost for the product:

Direct material = $ 80

Direct labor cost = $ 40

Manufacturing support =$ 70

Marketing cost = $ 30

Thus, the total variable cost = $ 80 + $ 40 + $ 70 + $ 30 = $ 220

Fixed costs for the product:

Manufacturing support = $ 90

Marketing costs = $30

Total costs = $ 340

Targeted selling price = $ 510

Accepted price for a unit by Kolar, i.e the selling price = $ 360

Now,

the change in operating profit will be from the variable costs only as the fixed costs cannot be altered.

Thus,

the contribution margin for the single unit = Selling price - Total variable cost

the contribution margin for the single unit = $ 360 - $ 220 = $ 140

Therefore,

the change in operating profits for the 1,000 units

= contribution margin per unit × 1000

the change in operating profits for the 1,000 units = $ 140 × 1000

the change in operating profits for the 1,000 units = $ 140,000

4 0

2 years ago

Alpha Company has riskless debt, a debt-equity ratio of .46, a tax rate of 35 percent, and an unlevered firm beta of 1.23. What

Colt1911 [192]

Answer:

Equity Beta= 2,529

Explanation:

The risk of investing in a particular stock is measured with a metric referred to as equity beta. Equity Beta measures the volatility of the stock to the market, how sensitive is the stock price to a change in the overall market. It compares the volatility associated with the change in prices of a security. It changes with the capital structure of the company which includes the debt portion.

There are 3 methods to calculate Equity Beta:

1- Using the CAPM Model

2- Using Slope Tool

3- Using Unlevered Beta

In this exercise, we have the information to use the third method.

Equity Beta Formula = Unlevered Beta [ 1 + (D/E)( 1-Tax )]

Unlevered Beta= 1,23

D/E= 0,46

Tax rate= 0,35

Equity Beta = 1,23 + (1+0,46*0,65)

Equity Beta= 2,529

8 0

2 years ago

Which statement best describes a significant similarity between the AICPA and IESBA codes? Both codes incorporate the conceptual

34kurt

Both codes incorporate the conceptual framework approach for evaluating threats when specific rules on a matter do not exist.

Explanation:

IFAC has enacted a Code of Ethics for Professional Accountants (IESBA Code), the International Ethics Standards Committee for Competent. The latest IESBA Code edition was upgraded and modified in July 2009 and comes into force on 1 January 2011. The adjustments clarified and considerably strengthened the independence specifications for all competent accountants.

IESBA and AICPA are more comparable than they are, but there are substantial differences. In many instances it will produce similar effects if codes are added to the same pattern of truth.

The IESBA Code deals with a number of possible independence issues which are covered by the AICPA Conceptual Structure but not AICPA. Examples include the Long Senior Human Resources Group (including Team Rotation).

Certain independence restrictions are enforced by the IESBA Code representing the "extent of public interest in certain companies" (i.e. entities listed on an accepted stock exchange for whose shares are listed), and institutions whose auditors are legally or administrative authorities required to comply with the same requirements for independence as the listings).

The IESBA splits the conditions for freedom into two regions. Section 290 offers the toughest prohibitions and includes accounting reports and audits. Section 291 generally provides less stringent requirements of freedom for all other insurance obligations. The AICPA does not change the principles of equality.

6 0

2 years ago

Suppose that Norway is a small country and currently produces 100,000 board feet of lumber at $600 per 1,000 board feet. Then it

natulia [17]

Answer:

The correct answer is C) 150,000 board feet.

Explanation:

In order to meet domestic demand, Norway must import the goods produced in other countries, which means that there is no price increase due to the shortage of the good.

If Norway only produces 50,000 board feets and the demand is 200,000, then it will be forced to introduce the missing amount that comes from other countries.

4 0

2 years ago

Raj opens up a lemonade stand for two hours. He spends $10 for ingredients and sells $60 worth of lemonade. In the same two hour

prisoha [69]

Answer:

Accounting profit = $50

Economic profit = $10

Explanation:

Accounting profit = Revenue - Explicit cost

$60 - $10 = $50

Economic profit = Accounting profit - Opportunity cost

$50 - $40 = $10

I hope my answer helps you

6 0

2 years ago