Imagine you own a lawn-mowing business. identify the main function of money exhibited in each situation below.

Bayest Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead

Makovka662 [10]

Answer:

The Corporation's manufacturing overhead cost for the year was $543,840

Explanation:

Giving the following information:

Last year, the Corporation worked 60,500 actual direct labor-hours and incurred $532,000 of actual manufacturing overhead cost.

The Corporation had estimated that it would work 61,800 direct labor-hours.

First, we need to calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 532,000/60,500= $8.80 per direct labor hour.

Now, we can allocate overhead based on actual direct labor hours:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 8.8*61,800= $543,840

3 0

2 years ago

Leo received $7,500 today and will receive another $5,000 two years from today. He will invest these funds when he receives them

alekssr [168]

Answer:

Value of Investment= Principal (1+Rate of return)^Number of periods

For the first investment the principal is 7,500, the rate of return is 11.5% and the number of periods are 5 so the value of the investment will be

7,500 (1+0.115)^5=12,925

For the second investment the principal is 5,000, the rate of return is 11.5 and the number of periods are 3 as the 5,000 is invested two years from today.

5,000*(1+0.115)^3=6,931

Total value of investments = 12,925 +6,931 = $19,856

8 0

2 years ago

You are currently getting 26 sales opportunities per day and closing 64% of them. Employee: Wow, I am closing __________ sales o

VikaD [51]

Answer:

The correct word for the blank space is: 16.

Explanation:

Percentages represent part of a number. The result could be higher or lower than the original number. Percentages are calculated by multiplying the original number for the amount of the percentage desired and dividing that preliminary result by one hundred (100).

Thus, in the example:

Sales closed per day = (Sale opportunities) x (percentage of sales closed)

Sales closed per day = 26 x 64%

Sales closed per day = 26 x (64/100)

Sales closed per day = 16,64

As sales cannot be fractioned, the sales closed per day are 16.

7 0

2 years ago

On January 1, Year 1, the Hoverman Corporation made amendments to its defined benefit pension plan, resulting in $150,000 of pas

Lapatulllka [165]

Answer:

Check the explanation

Explanation:

a)

In IFRS according to IAS 19 all past service cost is recognized in the net income in the period in which amendment (change) is made by entity for defined benefit pension, it does not matter what is the status of the employees who will benefit the change. So in Year 1 $150000 will be expended completely and in subsequent years the amount is $0

Year 1 =$150000

Subsequent years= $0

b) In US GAAP the past service cost is recorded in Accumulated other comprehensive income in the year of amendment. It is amortized over the future working life of the participants.

Year 1 is year of adoption hence $0 is amortized because $150000 is included in Accumulated other comprehensive income.

Subsequent years: (150000/10=15000) $15000 will be amortized for each year for 10 years.

3 0

2 years ago

DAA's stock is selling for $15 per share. The firm's income, assets, and stock price have been growing at an annual 15 percent r

DaniilM [7]

Answer:

This question is incomplete since the required return is not pasted here. I checked on the web and found similar question with the firm's required rate of return is 18 percent. You can use this to solve the question as follows.

Explanation:

Use Dividend Discount Model (DDM) to find the intrinsic value of the stock.

Find the present value of dividends

D3 = 2

PV(of D3) = 2/(1.18^3) = 1.2173

D4 = D3(1+g) = 2(1+0.06) = 2.12

PV(of D4) = $\frac{\frac{2.12}{0.18-0.06} }{1.18^{3} }$

PV (of D4) = 17.6667/ 1.6430 = 10.7527

Next, sum up the present values ;

= 1.2173 + 10.7527

= $11.97

Therefore, DAA's stock is currently overpriced ,so you should not buy it since it is only valued at $11.97 and not $15.

6 0

2 years ago