How will you ensure that your club will continue to functionregardless of how covid impacts your club and what you and yourmembers have planned for the future? *
Answers
To ensure that your club continues to function regardless of how COVID impacts it and future plans, you can implement the following strategies:
Establish clear communication channelsAdapt to virtual meetings and eventsBe flexible and open to changeEncourage member involvementPlan for different scenariosRegularly update your members about the club's activities, meetings, and plans through emails, social media, or virtual platforms. Embrace technology and hold meetings, workshops, and events online to maintain engagement and participation. Be prepared to adjust your plans based on the evolving situation and government guidelines. Encourage your members to share their ideas and contribute to the club's activities to ensure they stay invested in its success. Develop a contingency plan for various situations, such as stricter lockdown measures or the lifting of restrictions.
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Related Questions
more teaching and coaching opportunities have increased because:
Answers
Answer:
people have quit their jobs
Explanation:
If the quantity demanded is greater than the quantity supplied, what will happen to the price?
A. Go up
B. Go up then down
C. Go down
D. Remain the same
Answers
A budget that is based on more than one amount of sales or other activity measure is called a:Merchandise purchases budget.Production budget.Fixed budget.Flexible budget.Rolling budget.
Answers
A budget that is based on more than one amount of sales or other activity measure is called a Flexible budget.
A flexible budget is a type of budget that is based on more than one amount of sales or other activity measure. This type of budget allows for changes in the level of activity, such as increases or decreases in sales volume, to be taken into account. As a result, a flexible budget can be more accurate than a static budget, which is based on a single level of activity. With a flexible budget, a company can better manage its resources and adjust its spending as needed to meet changing conditions. This type of budget is particularly useful in industries where sales volumes or other activity levels can vary significantly over time.
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describe the two ways you can earn money when you invest in a company’s stock.
Answers
Answer:
through capital appreciation or dividends
Explanation:
from investing in shares, a person can expect to earn through capital appreciation for example on the gains made on by the capital when share prices rise
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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How can you make sure there is value in your communication?
Answers
Answer:
Something you can do is to ask the person to write notes on the board, or give them a drink of water, hand them a marker, or get them to stand up. Do something that will force them to change their positioning. If you can learn to read body language you can tailor your communication in order to maximize influence.
Explanation:
Which of these is MOST LIKELY a primary reason a company might prefer to issue zero-coupon bonds? Zero-coupon bonds are the highest quality bonds available, so investors seek them out because they are completely protected from company defaults, Zero-coupon bonds do not have regular interest payments, so they are ideal for funding projects that will not have positive cash flows for several years. Zero-coupon bonds always price at a premium to par, so companies receive excess funding when issuing zero-coupon bonds. Zero.coupon bonds pay a high amount of current income to investors, so they are in very high demand and sell easily
Answers
The most likely primary reason a company might prefer to issue zero-coupon bonds is that they do not have regular interest payments, making them ideal for funding projects that will not have positive cash flows for several years.
Zero-coupon bonds are bonds that do not pay periodic interest or coupon payments. Instead, they are issued at a discount to their face value and provide the investor with a lump-sum payment at maturity. This characteristic of zero-coupon bonds makes them suitable for companies that are undertaking long-term projects or investments that may not generate positive cash flows in the near term. By issuing zero-coupon bonds, companies can raise funds without the burden of regular interest payments, which can help manage cash flow and financial obligations during the project's development phase. While zero-coupon bonds may be attractive to investors seeking higher current income, the primary motivation for companies to issue them is typically related to the unique structure of these bonds and their suitability for long-term funding needs. It is important to note that zero-coupon bonds may not necessarily price at a premium to par, and they may not be the highest quality bonds available. The decision to issue zero-coupon bonds involves considering various factors such as interest rates, market conditions, and the company's specific financing requirements.
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High school students may include coursework in the education section of a résumé if it is relevant to the job opening. True or False
Answers
Answer:
the answer is true
Explanation:
Answer:
True
Explanation:
Describe the types of procedures that constitute risk assessment procedures
Answers
Risk assessment procedures are an essential part of the audit process, designed to identify and evaluate risks that may affect an organization's financial statements. By identifying and evaluating risks, the auditor can plan the audit accordingly and design appropriate audit procedures to mitigate these risks.
There are various types of procedures that constitute risk assessment procedures, including:
1. Inquiry - the auditor communicates with the management to gain an understanding of the entity's business operations and identify any risks associated with them.
2. Observation - the auditor observes the client's activities to understand the nature of the entity's operations and identify any potential risks.
3. Inspection - the auditor inspects the client's documents and records to identify any potential risks, such as errors or fraud.
4. Analytical Procedures - the auditor uses analytical procedures to identify potential risks by comparing financial information to industry averages, prior period information, and expectations.
5. Walkthroughs - the auditor follows a transaction from the start to finish to identify any potential risks in the process.
These procedures are designed to ensure that the auditor has a thorough understanding of the client's business and the risks associated with it.
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which of the following relationships regarding an option in which the premium exceeds intrinsic value is most accurate?
a) Intrinsic value >0
b) Stock price >strike price
c) Stock price
d) Time value >0
Answers
The most accurate relationship regarding an option in which the premium exceeds intrinsic value is Time value >0, hence option D is correct. This is because the premium of an option is made up of two components intrinsic value and time value.
Intrinsic value is the difference between the stock price and the strike price, while time value given in option "D" is the additional amount that investors are willing to pay for the potential for the option to gain value before expiration. When the premium exceeds intrinsic value, it means that the option has significant time value, indicating that investors are expecting the stock price to move significantly before expiration.
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Which of the following was not one of Reagan's four major policy objectives during his presidency?
A.reduce government regulation
B. reduce federal income tax and capital gains
C.reduce growth of government spending
D.reduce the rising taxes for middle-class citizens
E.reduce inflation by controlling growth of the money supply to reduce inflation
Answers
Answer: D.reduce the rising taxes for middle-class citizens
Explanation:
During the tenure of President Ronald Reegan when he was the president of the United States,he promoted some economic policies which were often referred to as Reaganomics.
These policies include:
A.reduce government regulation
B. reduce federal income tax and capital gains
C.reduce growth of government spending
E.reduce inflation by controlling growth of the money supply to reduce inflation
It should be noted that option D "reduce the rising taxes for middle-class citizens" isn't among the policies put forward by Reegan.
Daltrey Corporation purchased some machinery and agreed to pay the seller $5,000 at the end of this and the next four years. Assuming 8% compounded annually, (1) What is the acquisition cost of the machinery (what is its present value?), and (2) How much interest expense will Daltrey Corporation incur over the five years?
-The acquisition cost of the machinery is ?
- The amount of interest expense over the five years is? (use an appropriate alebraic formula to calculate your result). Please show work on excel and how you calculated the formulas
Answers
To calculate the present value of the machinery, we can use the formula PV = FV/(1+r)^n, where PV is the present value, FV is the future value, r is the annual interest rate (8%), and n is the number of periods (5).
PV = 5000/(1+0.08)^1 + 5000/(1+0.08)^2 + 5000/(1+0.08)^3 + 5000/(1+0.08)^4 + 5000/(1+0.08)^5
PV = $18,057.67
Therefore, the acquisition cost of the machinery (its present value) is $18,057.67.
To calculate the interest expense over the five years, we can use the formula I = PV*r*n, where I is the interest expense.
I = $18,057.67*0.08*5
I = $7,223.07
Therefore, Daltrey Corporation will incur an interest expense of $7,223.07 over the five years.
I have attached an Excel spreadsheet that shows the calculations for the present value and interest expense.
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Which situation describes an oligopoly market structure? A. One company builds and sells all of the cars available in a developing country. B. Many different vendors sell the same few T-shirt designs to fans at a concert. C. Solar panels are only available from two companies operating in a country. D. A government gives one company full control over water treatment in a city.
Answers
Answer:
Answer C
Explanation:
Answer:C)
Explanation:just got it right<3
An apartment complex generates $70,000 annually in net income is purchased based upon a 5% cap rate. What would the owner's equity gain be if the net income increases to $100,000 per year
Answers
A cap rate, or capitalization rate, is a measure used in real estate investing to evaluate the potential return on investment.
It is calculated by dividing the net income of a property by its purchase price. In this case, the apartment complex generates $70,000 annually in net income and was purchased based on a 5% capitalization rate, which means the purchase price was $1,400,000 (70,000 / 0.05 = 1,400,000). Now, if the net income increases to $100,000 per year, the cap rate would change. The new cap rate would be calculated by dividing the new net income of $100,000 by the original purchase price of $1,400,000. This results in a new cap rate of 7.14% (100,000 / 1,400,000 = 0.0714 or 7.14%). To determine the owner's equity gain, we need to compare the value of the property before and after the net income increase. Using the new cap rate of 7.14%, the value of the property would increase to $1,400,000 / 0.0714 = $1,960,784.71. This represents a gain in equity of $560,784.71 ($1,960,784.71 - $1,400,000). It's important to note that this gain in equity is based solely on the increase in net income and does not take into account any additional expenses or changes in the market that may affect the value of the property.
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A carpenter sands 12 of a dresser in 34 hour. At this rate, how long does it take the carpenter to sand 1 dresser?
Answers
Answer:
2.83
or 3 hours 23 minutes
Explanation:
If 12 dressers are sanded in 34 hours , 1 dresser would be sanded in : 34/12 = 2.83
Because the limit on minutes is 60, we would have to convert 2.83
to do this divide 83 by 60 = 1 hr 23 minutes
Add this to 2 hours . this gives 3 hours 23 minutes
which of the following statements is true of leaders with high levels of technical competence? multiple choice they are unable to reduce the level of role ambiguity and conflict in their groups. followers are generally more satisfied with them rather than leaders with average levels of technical competence. they are highly unlikely to have satisfied and happy followers. managers are usually more likely to have them as members of their out-groups than leaders with average levels of technical competence.
Answers
It is true of leaders with high levels of technical competence that followers are generally more satisfied with them rather than leaders with average levels of technical competence.
Leaders with high levels of technical competence are often seen as experts in their field and are able to bring valuable knowledge and skills to their role. One true statement about these leaders is that followers are generally more satisfied with them rather than leaders with average levels of technical competence.
This is because these leaders are able to provide clear direction, make informed decisions, and solve complex problems. Followers feel more confident in their leader's abilities and are more likely to trust their decisions.
However, it is important to note that high levels of technical competence do not guarantee a leader's success. Technical competence is just one aspect of effective leadership, and leaders must also possess strong interpersonal skills, emotional intelligence, and the ability to communicate effectively with their team.
Leaders who lack these skills may struggle to build relationships with their followers and may find it difficult to motivate and inspire their team.Additionally, leaders with high levels of technical competence may also struggle with reducing the level of role ambiguity and conflict in their groups.
This is because they may focus too heavily on technical aspects of the work and overlook the interpersonal dynamics within their team. It is important for leaders to balance their technical expertise with a strong focus on building relationships and fostering a positive team culture.In terms of out-group membership, it is unlikely that managers would view leaders with high levels of technical competence as members of their out-group.
These leaders are valuable assets to the organization and are often recognized for their expertise and contributions to the team. However, managers may view these leaders as potential threats to their own authority and may feel the need to closely monitor their activities.
In conclusion, while leaders with high levels of technical competence are often seen as valuable assets to their team, they must also possess strong interpersonal skills and the ability to build relationships with their followers. These leaders may struggle with reducing role ambiguity and conflict within their team, but are generally viewed as valuable assets to the organization.
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What is true about single parent families? They face less stigma than nuclear families. They typically experience a higher income than nuclear families. They can have less conflict after a divorce than before one. All of the above
Answers
Answer:
They can have less conflict after a divorce than before one.
Explanation:
They can have less conflict after a divorce than before one" is the best option from the list since most of the conflict of divorce happens with couples, but this is not always true.
Suppose the market price of chicken wings in a university town recently increased. Economics students studying at the university are discussing potential causes of the price increase. One group of students theorize that the price increased because several wing joints in the area have recently gone out of business. Others claim the increase in the price of chicken wings is because of a recent decrease in the price of beer.
Everyone agrees that the decrease in the price of beer was caused by a recent decrease in the price of hops, which are not generally used in making chicken wings.
The first group of students claim the increase in the price of chicken wings can be attributed to the fact that several wing joints in the area have recently gone out of business.
Answers
This may explain the price increase, as the decreased competition in the economics market could lead to an increase in price.
What is economics market?Economics market is an environment where buyers and sellers interact in order to exchange goods and services for money. It is the basis for the study of economics, which is the study of the production, distribution, and consumption of goods and services. Markets can be divided into different types depending on the nature of the product or service being exchanged. The two primary types of markets are the perfect competition market and the imperfect competition market. Perfect competition markets are those in which all buyers and sellers are equal and have access to the same information.
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hi i need help plz its
Answers
In order for a registered representative of a member firm to receive any form of compensation, such as commissions, after terminating employment, all of the following statements are correct except
A)the agreement must be entered into before the termination of employment.
B)there must be a contract in effect calling for these continuing commissions.
C)it would be permissible to pay continuing commissions to a surviving spouse.
D)earnings from referred business from existing clients would be eligible for payment.
Answers
In order for a registered representative of a member firm to receive any form of compensation, such as commissions, after terminating employment, all of the following statements are correct except - It would be permissible to pay continuing commissions to a surviving spouse.
This statement is not correct.What are Continuing Commissions?Continuing commissions, also known as residual commissions, are earned after a sales representative has completed a sale.
In general, continuing commissions are calculated as a percentage of the ongoing premium paid by the consumer. If the customer's plan is in place for many years, this sort of commission might last for the lifetime of the policy.
The following statements are correct in order for a registered representative of a member firm to receive any form of compensation, such as commissions, after terminating employment:
1.The agreement must be entered into before the termination of employment.
2. There must be a contract in effect calling for these continuing commissions.
3. Earnings from referred business from existing clients would be eligible for payment.
There are different types of commission structures that a registered representative can choose from in order to earn an income.
The payment of a commission to the spouse of a registered representative after termination of employment is not permissible.Therefore, the correct option is C) it would be permissible to pay continuing commissions to a surviving spouse.
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ces
dual
4. A teacher's reputation is important for
success as a professional. What types
of actions of students in high school and
college potentially affect their reputation
into the future, positively or negatively?
Answers
Explain how a problem-solving strategy is similar to deductive reasoning.
Answers
Answer:Simmetry
Explanation: it is always directly proportional with the answer. I s all about cause and effect!
The Bradford Company issued 10% bonds, dated January 1 , with a face amount of $80 million on January 1,2021 . The bonds mature on December 31, 2030 (10 years). For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on June 30 and December 31. (FV of $1,PV of $1; FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 ) Required: 1. Determine the price of the bonds at January 1, 2021. 2. to 4. Prepare the journal entries to record their issuance by The Bradford Company on January 1,2021 , interest on June 30 , 2021 and interest on December 31, 2021 (at the effective rate).
Answers
The price of the bonds at January 1, 2021, is this $57,301,315.61.
The issuance of the bond recorded in December 32, 2021 is $1,134,934.22
How to determine the price of the bondTo determine the price of the bonds at January 1, 2021, we need to calculate the present value of the bond's future cash flows using the market yield of 12%.
First, we need to calculate the semiannual coupon payment;
Coupon payment = Face amount x Coupon rate / 2
Coupon payment = $80,000,000 x 10% / 2
Coupon payment = $4,000,000
Then, we need to calculate the present value of the semiannual coupon payments and the face value of the bond using the semiannual market yield of 6% (12% / 2) ;
PV of coupon payments = $4,000,000 x [1 - 1/(1 + 0.06)^20] / 0.06
PV of coupon payments = $38,438,754.96
PV of face value = $80,000,000 / (1 + 0.06)^20
PV of face value = $18,862,560.65
Price of bonds = PV of coupon payments + PV of face value
Price of bonds = $38,438,754.96 + $18,862,560.65
Price of bonds = $57,301,315.61
Thus, the price of the bonds at January 1, 2021, is $57,301,315.61.
On January 1, 2021, The Bradford Company would record the issuance of the bonds:
Cash $57,301,315.61
Bonds payable $57,301,315.61
To record the issuance of 10% bonds at face value.
On June 30, 2021, The Bradford Company would record the semiannual interest payment:
Interest expense $2,865,065.78
Cash $4,000,000.00
Discount on bonds $1,134,934.22
To record the semiannual interest payment and amortization of bond discount using the effective interest rate method:
Interest expense = Carrying value of bonds x Semiannual market interest rate
Interest expense = ($57,301,315.61 - $1,134,934.22) x 6%
Interest expense = $2,865,065.78
Discount on bonds = Interest expense - Semiannual interest payment
Discount on bonds = $2,865,065.78 - $4,000,000.00
Discount on bonds = $1,134,934.22
On December 31, 2021, The Bradford Company would record the semiannual interest payment:
Interest expense $2,865,065.78
Cash $4,000,000.00
Discount on bonds $1,134,934.22
Therefore, the issuance of the bond by December 31, 2021 is $1,134,934.22
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The following journal entry will be recorded: DescriptionAccountDebitCreditInterest Expense4,560,321.28Interest Payable4,000,000.00Cash8,560,321.28
To determine the price of the bonds at January 1, 2021; the bond price calculation can be made using the formula mentioned below:
Bond price calculation = Present value of interest payments + Present value of maturity amount
Here, The bond face amount or maturity value is $80,000,000.
The interest rate on bonds is 10%, which is paid semiannually.
Hence the semi-annual coupon amount would be (10% / 2) * $80,000,000 = $4,000,000
The market yield or the required rate of return is 12%.
The time period is 10 years or 20 semiannual periods.
The present value of the maturity amount would be $44,108,263.73.
The present value of interest payments would be $28,424,320.09
Therefore, Bond price calculation
= $44,108,263.73 + $28,424,320.09
= $72,532,583.822.
Journal entries to record the issuance of the bond on January 1, 2021:
Cash account will be debited for $72,532,583.82 as the cash is received.
The bond account will be credited for $80,000,000 as bonds with the face amount of $80,000,000 are issued.
The following journal entry will be recorded:
DescriptionAccountDebitCreditCash72,532,583.82Bond Payable80,000,000.003.
Journal entry to record the interest payment on June 30, 2021:
The interest expense will be recorded for the amount of $4,000,000 (semi-annual interest) for 6 months at the effective interest rate.
The cash payment will be made on this date.
The following journal entry will be recorded:
DescriptionAccountDebitCreditInterest Expense4,587,866.33Interest Payable4,000,000.00Cash8,587,866.334.
Journal entry to record the interest payment on December 31, 2021:
The interest expense will be recorded for the amount of $4,000,000 (semi-annual interest) for 6 months at the effective interest rate.
The cash payment will be made on this date.
The following journal entry will be recorded:
DescriptionAccountDebitCreditInterest Expense4,560,321.28Interest Payable4,000,000.00Cash8,560,321.28
Note: The carrying value of the bond at the end of the year (December 31, 2021) would be $74,346,397.65 ($72,532,583.82 + $4,587,866.33 + $4,560,321.28). This will be used to calculate the interest expense for the next period.
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suppose a perfectly competitive firm can increase its profits by increasing its output. then it must be true that the firm's price exceeds its marginal cost. explain the rationale for this statement ( what explains the statement?).
Answers
A market model known as perfect competition is predicated on the idea that many companies create the same commodities that are purchased by many consumers. The assumption made by the model of perfect competition is that it is simple for new businesses to enter the market and for existing ones to depart.
As long as it accepts the going market price, a perfectly competitive market is free to sell as much as it likes. Depending on the cost of the good and the number of units sold, total income will rise as the company sells more. The amount of income generated will rise if more units are sold at a given price. Total sales will rice if the product's price increases with every unit sold.
A complete total cost curve for every level of production cannot frequently be derived by firms because they lack the essential data. They haven't tested it, so they can't be sure what the total expenses would be if they, say, doubled production or cut production in half. Businesses experiment instead. They experiment with production levels that are marginally higher or lower and track how it affects earnings. This practical method to optimising profitability entails considering how production changes impact marginal cost and marginal revenue.
When marginal revenue and marginal cost are equal, or when MR = MC, a fully competitive firm will make the decision that will maximise its profits. As long as MR > MC, a profit-driven company should continue to increase production. However, the business should realise that it has reached the maximum level of economic profits at the output level when MR = MC.
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4. As a result of the Covid pandemic, the management of FeiFei plc (F) are discussing with the executive workers union Emsa (E), the introduction of more flexible working practices to help increase profits. In return for accepting the new working practices, E are negotiating an increase in salaries. In these negotiations, E are attempting to maximise salaries and F are attempting to maximise their profits. Both F and E realise that they can each employ one of three negotiating strategies, and the profit/salary increase (%) depends upon the strategy employed by both F and E as follows:
E's Strategy
E1
E2
E3
F1
(5,6)
(6,8)
(2,7)
F's
F2
(5,4)
(8,5)
(2,6)
Strategy
F3
(5,3)
(8,3)
(3,4)
(If F employs F1 and E employs E1 then profits will increase by
5% and salaries will increase by 6%)
(a) Determine the likely outcome of these negotiations and explain how a more optimal outcome for both F and E might be achieved.
(300 words maximum) (35 marks)
The management of FeiFei plc (F) is also attempting to renegotiate a deal for the cost of its raw materials from Hippo plc (H). The price that F will pay and the amount that H will receive per unit of raw material (£) depends upon the strategies they both adopt as follows:F's Strategy
F4
F5
F6
H1
8
12
4
H's
H2
10
6
11
H3
10
14
8
Strategy
(If H employs H1 and F employs F4 then H will receive £8 per unit for the raw material and F will pay £8 per unit for the raw material).
(b)
(c)
Discuss why H3, F4 might appear to be a 'solution' to these negotiations and explain why it is unlikely to be achieved in practice.
(250 words maximum) (25 marks)
Determine the optimal strategy for both H and F in these negotiations and the amount which F can expect to pay for the raw materials. Explain the method
adopted at each stage of these calculations.
(300 words maximum) (40 marks)
Answers
The outcomes, represented as (profit increase, salary increase), indicate that the most favorable outcome for both F and E is when F employs strategy F2 and E employs strategy E2, resulting in a profit increase of 8% and a salary increase of 8%.
By analyzing the possible strategies and their corresponding outcomes, it becomes clear that F2 and E2 offer the highest gains for both parties. However, to achieve a more optimal outcome, F and E could employ cooperative negotiation strategies. This approach would involve open communication, compromise, and finding a mutually beneficial solution that balances profit maximization for F and salary maximization for E. By focusing on long-term sustainability and growth, both parties can work together to create a win-win situation that addresses their respective objectives.
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In the Management in Action case, if Congress forces Amtrak to become a nonprofit, the organization will have to go back to which step in planning process
Answers
In the Management in Action case, if Congress forces Amtrak to become a nonprofit, the organization will revisit the mission statement
of planning process.
What is mission statement?Mission statement statement serves as a crucial part of the planning process where the goal and objective are been defined.
Therefore, the organization needs to go back to the mission statement.
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On March 25, 2014, Patton Company sold merchandise on account,$10,000. The applicable sales tax percentage is 8.5%. Record the transaction.
Answers
Answer:
Kindly see attached picture
Explanation:
Sales tax percentage= 8.5%
Sales = 10,000
Sales tax payable = 0.085 × 10000 = 850
Accounts payable = 10000 + 850 = 10850
Kindly see attached picture for journal entry
A business is having trouble keeping up with the compention. They cannot respond to their customers like the competition. Which type of system will likely be able to help them solve this issue?
A. Management communication system
B. Transaction processing system
C. Management information system
D. Decision support system
Answers
Answer:
The Answer is D. Decision Support System
Explanation:
Vista Company manufactures electronic equipment. In 2018, it purchased from an outside supplier the special switches used in each of its products. The supplier charged Vista $2.5 per switch. As an alternative, Vista’s CEO considered purchasing either machine A or machine B so the company could manufacture its own switches. The CEO decided at the beginning of 2019 to purchase machine A, based on the following data:
Machine A Machine B
Annual fixed cost (depreciation) $ 140,000 $ 209,000 Variable cost per switch 0.90 0.55 Required:
1. Assume that machine A has not yet been purchased. What is the annual volume that would make the company indifferent between the two decision alternatives (i.e., purchasing and then using machine A to make the switches versus purchasing the switches from the outside vendor)?
2. Assume that machine A has already been purchased. Is it preferable to use machine A to make the switches or to purchase the switches from the external supplier?
3. Assume that machine A has already been purchased. At what annual volume level should Vista consider replacing machine A with machine B?
Answers
(1) Vista Company would be indifferent between purchasing machine A and purchasing switches from the outside supplier if it needs to produce 87,500 switches annually.
(2) If the total cost of producing switches with machine A is lower than the total cost of purchasing switches from the external supplier, it is more cost-effective to use machine A.
(3) Vista should consider replacing machine A with machine B if it expects to produce more than 197,143 switches annually.
The Explanation to Each AnswerQuestion 1
To calculate the annual volume that would make Vista indifferent between purchasing machine A and purchasing switches from the outside supplier, we can use the following equation:
Total cost of producing switches with machine A = Total cost of purchasing switches from the outside supplierThe total cost of producing switches with machine A can be expressed as:
Total cost = Annual fixed cost + (Variable cost per switch x Number of switches produced)Total cost = $140,000 + ($0.90 x N)The total cost of purchasing switches from the outside supplier is:
Total cost = Cost per switch x Number of switches purchasedTotal cost = $2.50 x NWe can now set these two equations equal to each other and solve for N:
$140,000 + ($0.90 x N) = $2.50 x N$140,000 = $1.60 x NN = $140,000 ÷ $1.60N = 87,500 switchesTherefore, Vista would be indifferent between purchasing machine A and purchasing switches from the outside supplier if it needs to produce 87,500 switches annually.
Question 2
To determine whether it is preferable to use machine A or to purchase switches from the external supplier, we need to compare the total cost of producing switches with machine A to the total cost of purchasing switches from the external supplier, based on the volume of switches that Vista needs.
The total cost of producing switches with machine A can be expressed as:
Total cost = Annual fixed cost + (Variable cost per switch x Number of switches produced)Total cost = $140,000 + ($0.90 x N)The total cost of purchasing switches from the outside supplier is:
Total cost = Cost per switch x Number of switches purchasedTotal cost = $2.50 x NIf the total cost of producing switches with machine A is lower than the total cost of purchasing switches from the external supplier, it is more cost-effective to use machine A. Otherwise, it is more cost-effective to purchase switches from the external supplier.
Question 3
To determine the annual volume level at which Vista should consider replacing machine A with machine B, we need to find the point where the total cost of using machine B becomes lower than the total cost of using machine A.
The total cost of producing switches with machine A can be expressed as:
Total cost of A = Annual fixed cost of A + (Variable cost per switch of A x Number of switches produced)Total cost of A = $140,000 + ($0.90 x N)The total cost of producing switches with machine B is:
Total cost of B = Annual fixed cost of B + (Variable cost per switch of B x Number of switches produced)Total cost of B = $209,000 + ($0.55 x N)We want to find the point where Total cost of B = Total cost of A, so we can set these two equations equal to each other and solve for N:
$209,000 + ($0.55 x N) = $140,000 + ($0.90 x N)$69,000 = $0.35 x NN = $69,000 ÷ $0.35N = 197,143 switchesTherefore, Vista should consider replacing machine A with machine B if it expects to produce more than 197,143 switches annually.
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In recording the cost of merchandise sold for cash, based on data available from perpetual inventory records, the journal entry is.
Answers
The cost of merchandise sold for cash, based on data available from perpetual inventory records, the journal entry is cash account is credited and merchandise account is debited.
The journal entry is a form of transaction passed in the books of accounts to keep a record and then approaching and posting them in the form of entries in the financial statements of the company.
Merchandise account is account which is giving out cash and is debited and the cash is been received so it is been credited. This is double entry book keeping concept where double effect records is shown in books of account.
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