Zebra Company reports the following figures for the years ending December 31, 2017 and 2016: What are the percentage changes from 2016 to 2017 for Net Sales, Cost of Goods Sold and Gross Profit, respectively? (Round your final answers to one decimal place, X.X%) A. 100%, 162.5%, 10.8% B. 37.8%, 10.8%, 162.5% C. 100%, 0.9%, 0.4% D. 162.5%, 37.8%, 10.8%

Final answer:

To calculate the estimated grams of raw material that need to be purchased, consider the desired ending inventory, beginning inventory, and production needs. Multiply the estimated grams of raw material purchased by the cost per gram to calculate the cost of raw material purchases. Calculate the expected cash disbursements for purchases of materials based on the percent paid in the quarter acquired. Multiply the number of units to be produced by the direct labor needed per unit and the direct labor wage to estimate the direct labor cost.

Explanation:

To calculate the estimated grams of raw material that need to be purchased, we need to determine the desired ending inventory for each quarter and the production needs for the following quarter. For example, the desired ending inventory for the 1st Quarter is 16,000 * 0.25 = 4,000 grams. To calculate the estimated raw material purchases for each quarter, we need to consider the desired ending inventory, beginning inventory, and production needs. For example, the estimated raw material purchases for the 1st Quarter would be (13,000 + 4,000 - 19,500) * 6 = 58,500 grams.

To calculate the cost of raw material purchases for each quarter, we need to multiply the estimated grams of raw material purchased by the cost per gram. For example, the cost of raw material purchases for the 1st Quarter would be 58,500 * $1.20 = $70,200.

To calculate the expected cash disbursements for purchases of materials, we need to consider the percent of raw material purchases paid in the quarter acquired and the following quarter. For example, if 60% of raw material purchases are paid in the quarter acquired, the expected cash disbursement for the 1st Quarter would be $70,200 * 0.6 = $42,120.

To calculate the estimated direct labor cost, we need to multiply the number of units to be produced by the direct labor needed per unit and the direct labor wage. For example, the estimated direct labor cost for the 1st Quarter would be 13,000 * 0.20 * $14.50 = $37,700.

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Answer:

The economic profit for her business is $45.000 without considering income tax

Explanation:

Since we are only focusing in her business, the profit is exclusively related with the operations detailed in revenues (inflows) and expenses (outflows): 100.000 - 15.000 - 10.000 - 20.000- 10.000 = 45.000. This calculation does not include income tax.

Answer: Fall in revenue

Explanation:

A decrease in demand means a lower level of demand compare to the previous period. A price taking firm means that the firm cannot determine the price in the market. Profit maximising level of output means the output level that gives the highest profit.

A fall in demand without an increase in price at a profit maximising level of output will lead to a fall in revenue and profit all things being equal.

Answer:

The correct word for the blank space is:  dynamic.

Explanation:

Dynamic pricing policies are based on certain time frames in which the demand for a service is requested. According to those time frames, the time could be cheaper or more expensive. Businesses are said to establish flexible prices under this scenario.

The strategy where Uber and Lyft adjust prices based on consumer demand is known as dynamic pricing. This is a strategy used when the demand for a product or service is greater than its supply, with the price increase intended to balance the supply and demand.

The policy you're referring to, where Uber and Lyft increase prices during periods of peak demand, is known as dynamic pricing policy.

Dynamic pricing, also called demand pricing or time-based pricing, is a strategy where businesses set flexible prices for products or services based on current market demands.

For Uber and Lyft, this means when the demand for rides is higher than the number of available drivers, prices go up. This acts as an incentive for more drivers to work during these busy times, and balances the supply and demand of rides.

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Explanation:

When I was in school grade 9, I had my first interaction with a robot during a visit to technology expo since then I could not think of anything else but to awe for exploring the fascinating world of robots.

I didn't had much resources to buy tools and components to build robots but still my passion kept me motivated and I found my way to get hands on scrap parts available at the various spots in my locality. Slowly and gradually, I kept learning and building robots and by the time I was in my high school, I had already won 3 major school competitions and received tremendous amount of recognition. Due to my outstanding performance, I was awarded with merit scholarship for the college.

In college, I continued my handwork and kept myself busy in exploring the depth of robotics. I had the pleasure of working on a big project funded by a our college. The project was to build a search and rescue quad-copter. Honestly speaking, it was not easy! I worked day and night tirelessly, and finally after 6 months I successfully built the quad-copter.

My goal is to become an inventor in the field of robotics. Building such robots that can make a difference in our lives and help humanity to grow and thrive. I believe that engineering program at Princeton encourages such passion and vision and would be a great learning platform for me to showcase my talent and skills.

Answer:

Explanation:

a.)

First, find the Future value of the annuity deposits. Using a financial calculator, input the following;

Number of months; N = 20*12 = 240

Monthly rate; I/Y = 8%/12 = 0.667%

PV =0

Recurring payment; PMT = -400

then compute future value; CPT FV = 235,725.317

Next find FV of at the end of first 12 months after retirement;

235,725.317(1 + 0.00667)^12 = 255,300.546

Next, use $255,300.546 as the PV of withdrawal annuity of 15 years to find annual PMT;

PV = -255,300.546

N = 15*12 = 180

I/Y = 0.667%

FV = 0

then CPT PMT = $2,440.38

b.)

Infinite withdrawals means that they are perpetual hence referred to as Perpetuity.

Since we have the amount you will have saved by the end of 20 years (240 months) as $255,300.546, use that as the Present value (PV) of your perpetuity.

PV = PMT / rate

PMT is the recurring withdrawal

$255,300.546 = PMT / 0.667%

PMT = 0.667% * $255,300.546

PMT = $1,702.85.

Therefore, you will make a monthly withdrawal of $1,702.85.

Answer:

It shifts to the left by $200 million at each price level

Explanation:

Given that,

Multiplier = 2

Net exports decrease by $100 million

Change in aggregate demand  is calculated as follows:

Multiplier = Change in Aggregate Income (ΔY) ÷ Change in Exports (ΔX)

2 = ΔY ÷ (-$100)

ΔY = -$200

Therefore, the national income will fall by -$200 and hence the aggregate demand will fall by -$200 . Hence, the aggregate demand curve will shift to the left.

Final answer:

When net exports decrease by $100 million, the aggregate demand curve shifts to the left by a magnitude of 2 times the initial change in net exports.

Explanation:

When net exports decrease by $100 million, it means that there is a slump in foreign economies, causing a decrease in demand for goods and services from the domestic economy. The value of the multiplier determines the impact of this decrease on the domestic aggregate demand curve.

If the value of the multiplier is 2, the aggregate demand curve will shift to the left by a magnitude of 2 times the initial change in net exports. In this case, the aggregate demand curve will shift to the left by $200 million.

This means that the decrease in net exports will lead to a decrease in overall domestic demand, resulting in a lower level of real GDP and potentially lower employment.

Answer:

C)  increase liabilities and assets by $20,000.

Explanation :

Any financial transaction affects both assets and liability equally. If asset is increased , liability also is increased and vice-versa.

In the given problem , Option  A and option B states that while one increases , other decreases. which is not possible .

So option C is correct.  

USSOCOM organizes, trains, equips, and provides highly capable Special Operations Forces globally. These forces are tasked with combating threats posed by non-state or non-governmental organizations such as al-Qaeda and ISIS, which have terrorist cells distributed worldwide.

The United States Special Operations Command (USSOCOM) is focused on organizing, training, equipping, and providing highly capable Special Operations Forces to geographic combatant commanders. These forces are not confined to any particular region, but they operate in various parts of the world, including the United States, Asia, and Europe. This is primarily to combat non-state or non-governmental organizations that pose a significant threat to global security and peace. Such organizations include al-Qaeda and ISIS, which consist of various terrorist cells located in many different countries across all continents. Their existence and operations have introduced a new type of enemy into the balance of power equation and have necessitated more vigilant and sophisticated approaches to enhancing global security.

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Answer:

The Journal entries are as follows:

(a) Cash A/c   Dr. $150,000

To subscriber A/c                 $150,000

(To record the original receipt of $150,000 cash)

(b) Subscriber A/c    Dr. $9,000

To Revenue from magazine A/c    $9,000

(To record the earning $ 9,000 in subscription revenue that was collected in advance)

Answer:

Option (d) $86,864

Explanation:

Present value = Cash flow × Discounting factor

Here,

Discounting factor = ( 1 + r )⁻ⁿ

n = the year of cash flow

r = discount rate = 12%

Year (n)       Cash flow        Discount factor     Present Value

3                  $11,000              0.71178               $7,830  

5                  $50,000              0.567427            $28,371  

6                  $1,00,000           0.506631            $50,663

Therefore,

The amount he or she should pay for the investment today

= ∑(Present value)

= $7,830 + $28,371 + $50,663

= $86,864

Hence,

Option (d) $86,864

Answer:

6.5%

Explanation:

Firstly, we need to calculate weighted average cost of capital (WACC) as below

WACC = Weight of equity x Cost of equity + Weight of debt x Cost of debt x (1 - Tax rate)

           = 67% x 10.6% + (1 - 67%) x 3.34%

           = 8.2%

Then, we will add the risk adjustment factor to this WACC to get the proper WACC of the new project, which is 8.2% - 1.7% = 6.5%

The required return for the new project, adjusted for risk, is calculated to be 6.52 percent.

The required return for the new project can be calculated using the existing rates for equity and debt, adjusting for the risk factor. Since the capital structure consists of 67 percent equity, it means the remaining 33 percent must be debt.

So, the required return would be (0.67 × 10.6) + (0.33 × 3.34), which equals 8.22 percent. But the new project is considered to be less risky than the current operations, so the risk adjustment factor of -1.7 must be applied, which results in a required return of 6.52 percent.

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Answer:

 The specialty goods are one of the type of consumer products an it basically categorized under the category of shopping and the convenience goods.

The specialty products are basically purchased by the consumers or users because of its unique characteristics and high efficient brands. Exotic perfumes, designer clothe and famous printing cloths are some examples of the specialty products.

The main objective of the specialty goods is that the customers group are wiling for purchasing the specific products due to its unique features or high brand and also make special efforts for purchasing the specific products and the services.

Answer:

The adjusting entry Fred should make on December 31, the end of the accounting period:

b. Debit : Insurance Expense 6,000 Credit: Prepaid Insurance 6,000

Explanation:

On October 1, Fred Company paid $48,000 for a two-year insurance policy, ($2,000 per month)

From October 1 to December 31, Fred Company has used the insurance for 3 months.

Insurance Expense = $2,000 x 3 = $6,000

The adjusting entry Fred should make on December 31, the end of the accounting period:

Debit Insurance Expense $6,000

Credit Prepaid Insurance $6,000

The adjusting entry should Fred make on December 31, the end of the accounting period is: Debit Insurance Expense $6,000; Credit Prepaid Insurance $6,000.

Based on the information given the appropriate journal entry to record the transaction is:

Fred company adjusting entry

Debit Insurance Expense $6,000

Credit Prepaid Insurance $6,000

( $2,000 x 3 = $6,000)

Inconclusion the adjusting entry should Fred make on December 31, the end of the accounting period is: Debit Insurance Expense $6,000; Credit Prepaid Insurance $6,000.

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Answer:

Structure team discussions to focus on a smaller set of key issues.

Explanation:

The best way to get outcome from the team is to set structure team discussions so they can focus on key issues and any ambiguity or issues can be resolved with an outcome as a team.

Answer:

June 30, 2020   Bond Interest expense      Debit        $5,756.25

                                     Discount on Bonds payable    Credit      $506.25

                                     Cash                                          Credit      $5,250

Explanation:

We have to calculate the interest expense. The bond interest expense = Cash payment + bond amortization discount

Given,

Bond price = $150,000

Interest = 7%

Number of period, n = 10 years × 2 (As it is a semiannual bond) = 20

Cash payment for semiannual interest = $150,000 × 0.07 × (1÷2)

Cash payment for semiannual interest = $5,250 (Credit)

Amortized bond discount (discount on bonds payable) = $10,125 ÷ 20 (as it is a semiannual payment and $10,125 is for 10 years)

Discount on bonds payable = $506.25 (Credit)

Therefore, bond interest expense = $5,250 + $506.25 = $5,756.25 (Debit)

The interest expenses are the expense acquired by an entity for obtained funds. The interest expenses can be calculated by:

[tex]\text{Bond interest expense} & = \text{Cash payment + Bond amortization discount}[/tex]

The debit amount is $ 5756.25

It can be calculated by:

Cash amount for half-yearly interest = [tex]\$150,000 \times 0.07 \times\dfrac{1}{2}[/tex]

Cash amount for half-yearly interest (Credit) = $5,250

Amortized bond reduction (discount on payable bonds):

=  [tex]\dfrac{\$\; 10,125}{20}[/tex]

Discount on payable bonds (Credit) = $506.25

See the attached image below for the entry sheet.

Therefore, bond interest expense will be:

[tex]= \$5,250 + \$506.25 = \$5,756.25 \;\text{(Debit)}[/tex]

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Answer:

b. it does not reflect the equity method.

Explanation:

If the beginning retained earnings do not match with the equity method we must adjusted. If we do not; then after including the other transactions which are based on equity method will lead to a mistaken ending retained earnings and thus; the consolidated balance sheet will not match Assets with liabilities plus stockolders equity.

Answer:

Please see attachment

Explanation:

Please see attachment

The budget line represents Florence's possible combinations of income and leisure given her wage rate and available hours. After her wage increase, her budget line shifts upward as she earns more for the same hours worked. Her indifference curve shows the combinations of income and leisure she is indifferent to, and her optimal choice is where it meets her new budget line.

To answer your question, let's firstly recall what a budget line and an indifference curve represent. In this context, the budget line represents all possible combinations of income and leisure that Florence can achieve given her hourly wage and total time available. The indifference curve represents all combinations of income and leisure that provide Florence with the same level of satisfaction or utility.

Initially, Florence was earning $100 per hour and decided to work 12 hours each day. Therefore, she had 4 hours of leisure and earned $1,200 (12 hours * $100 per hour) per day. Her initial budget line would be a downward sloping line starting from the point (16, 0) representing no leisure and maximum income (i.e., working all 16 hours), to the point (0, 1,600) representing all leisure and no income. The slope of this line would be negative, representing the trade-off between leisure and income.

However, with Florence's fee increasing to $500 per hour and her deciding to work only 10 hours, her income increases to $5,000 (10 hours * $500 per hour) and her leisure time increases to 6 hours. The new budget line starts from the point (16, 0) and ends at (0, 8,000). As her income has increased, the new budget line shifts upward. On the other hand, her indifference curve, which is steeper to the left and flatter to the right, will be tangent to the new budget line at her optimal point of choice (10, 5,000).

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Answer:

Overhead absorption rate

= Overhead absorbed/Actual labour cost x 100

= $4,400/$800  x 100

= 550% of direct labour cost

Explanation:

Since the overhead absorbed is $4,400, there is need to divide the overhead absorbed by actual direct labour cost multiplied by 100. This gives the overhead application rate.

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Basic production information follows:

Harbour has a monthly overhead of $184,260

The number of machine-hours:

Home: 1,600

Work: 1,200

Total: 2,800

To calculate the allocated overhead, first, we need to calculate the overhead rate:

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

Estimated manufacturing overhead rate= 184,260/ 2,800= $65.81 per machine hour

Now we can allocate the overhead using the following formula:

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

Work:

Allocated MOH= 65.81*1,600= $105,296

Home:

Allocated MOH= 65.81*1,200= $78,972

Final answer:

Using a traditional costing system with machine hours as the cost driver, the Home model is assigned $105,280 in overhead and the Work model is assigned $78,960 in overhead.

Explanation:

Determining Overhead Assigned Using Traditional Costing

To calculate the overhead assigned to each product line using a traditional costing system with machine hours as the cost driver, we follow these steps:

Using the given data:
Total overhead = $184,260
Total machine hours (Home + Work) = 2,800 hours
Overhead rate = Total overhead / Total machine hours = $184,260 / 2,800 hours = $65.80 per machine hour
Now, assign the overhead to each product line:

Therefore, the Home model is assigned $105,280 in overhead, and the Work model is assigned $78,960 in overhead.

Answer:

d. The nominal interest rate was 6 percent and the inflation rate was 1 percent.

Explanation:

Nominal interest rate = real interest rate + inflation rate

Real interest rate is nominal interest rate less inflation rate. The real interest rate represents the real purchasing power of interest paid.

If the interest rate buys 5 percent more goods ,it means that the purchasing power and the real interest rate is 5 percent.

The nominal interest rate is 6 %

Inflation rate = nominal interest rate - real interest rate

= 6% - 5% = 1%

I hope my answer helps you.

Answer:A. May make low volume customers appear more profitable than they are.

Explanation:

The allocation of fixed cost based on sales volume will increase cost allocated to large volume sales unit which will invariably reduce their profit and will reduce the cost allocated to low volume sales which may increase their profit.

It does not affect the overall firm profitability not customers contribution margin.

Answer:

a. continuous improvement

Explanation:

This is the ideal explanation of continuous improvement or (KAIZEN). The ideology of continuous improvement was brought forward by the JAPANEESE  philosophy of KAIZEN, which means continuous improvement which is also a momentous aspect of total quality management (TQM). According to this philosophy businesses need not only bring strategic improvements and/or changes but must build a culture of continuous improvement of each and every aspect of a business. And such a culture must come from the top of the management.

Through continuous improvement a business can make significant cost reductions. For example through training the workforce, the efficiency and quality of work can be improved, similarly, through continuous value engineering (identification of valuing adding features and/or activities and eliminating non-value adding features and activities) one can achieve significant cost advantages in the long-run.

Answer:

The correct answer is letter "B": flexible in both directions.

Explanation:

The ability that an individual, family or group of people develop to improve or worsen their economic condition is called economic mobility. It is measured in income terms and particularly, in the U.S. is flexible in both directions since, according to studies, Americans have proved to be able to get better living conditions but some of them have gone from good economic situations to poverty.

Answer:

loss, shut down

Explanation:

This firm is making a loss and should shut down production.

Answer:

Option 1:

Option 1 is a better approach

The organization you work for is Urban Outfitters. Use the U.S. Securities and Exchange Commissionwebsite to find the Urban Outfitter’s 2016–2017 financial statement’s summary of significant accounting policies. Look at the data for 2015, 2016, and 2017 for the following examples of essential elements you need to cover with John and ensure his understanding.

Advertising. Examine the criteria used to expense and capitalize advertising costs and where these costs appear in the financial statement.

Store opening costs. Examine how store opening and organization costs were handled and where these costs appear in the financial statement.

Website development costs. Examine the approaches taken during the application and infrastructure development stage and the planning and operating stage.

Explanation:

Option 1:

The organization you work for is Urban Outfitters. Use the U.S. Securities and Exchange Commissionwebsite to find the Urban Outfitter’s 2016–2017 financial statement’s summary of significant accounting policies. Look at the data for 2015, 2016, and 2017 for the following examples of essential elements you need to cover with John and ensure his understanding.

Firstly it is better to show the previous years financial statements because company policies do not change every year. Each company follows some particular accounting policies example it may follow different accounting periods or it may choose accrual basis of accounting. Showing other companies financial statements is of not much use as they have their own accounting policies which result in different values of profit etc.

Advertising. Examine the criteria used to expense and capitalize advertising costs and where these costs appear in the financial statement.

Advertising expenses are listed under the marketing expenses in the income statement and deducted from the gross profit.

Store opening costs. Examine how store opening and organization costs were handled and where these costs appear in the financial statement.

Store opening costs like land or building are capitalized and recorded as an asset anddepreciated or amortized over time. Other costs like running expenses are recorded in the corresponding expense ledgers .

Website development costs. Examine the approaches taken during the application and infrastructure development stage and the planning and operating stage.

Website development costs are recorded under the research and development in the income statement and deducted in the period as they incur. Like the whole years website charges are $3600 . They may be deducted like $300 every month.

Answer:

$32,300

Explanation:

Begining equity = Begining asset - Begining liabilities

                            = $231,000 - $96,500 = $134,500

Ending equity = Ending asset - Ending liabilities

                        = $262,000 - $78,400 = $183,600

We will find the net income for the year using the below formula:

Ending equity = Begining equity + Stock issuance + Net income - Dividend paid, or:

$183,600 = $134,500 + 23,500 + Net income - $6,700.

Solve the above equation we get Net income = $32,300

Final answer:

The net income for the year is calculated by taking the change in equity from the increased assets and decreased liabilities and adjusting for the equity transactions of common stock issued and dividends paid. The correct net income for the year is $32,300.

Explanation:

To calculate the net income for the year, we need to look at the changes in assets, liabilities, and the equity transactions of common stock issuance and dividends paid. We use the accounting equation Assets = Liabilities + Shareholders' Equity to understand these changes.

The assets increased from $231,000 at the beginning of the year to $262,000 at the end of the year, resulting in an increase of $31,000. The liabilities decreased from $96,500 to $78,400, which is a decrease of $18,100.

We can now calculate the change in Shareholders' Equity by adding the increase in assets and the decrease in liabilities: $31,000 + $18,100 = $49,100. This is the change in equity, assuming no dividends were paid or common stock was issued.

Since the company issued $23,500 worth of common stock, this would increase Shareholders' Equity, and paying $6,700 in dividends would decrease it. So, the net effect on equity due to these transactions is $23,500 - $6,700 = $16,800.

To find the net income, we subtract the net effect of equity transactions from the change in Shareholders' Equity: $49,100 - $16,800 = $32,300.

The amount of net income for the year is therefore $32,300, which corresponds to option (d).

Complete Question:

Suppose that before the new technology is introduced, the nation produces 15 thousand looms. After the new technology is introduced, the nation produces 27 thousand looms. (Hint:  5 compute your answers using the data in the table above and not the graphs.) What is the effect of the new technology on the production of carpet? Give the number of yards before and after the change.

Yards of carpet (Millions) Carpet looms (Thousands) 0 45 12 42  

4 24 36 36 27 48 15 60 0

Answer and Explanation:

The nation was able to produce around 48 million of carpets before the new technology arrived. However, after the new technology arrived, they were able to produce 54 million carpets. (36 x 1.5)

New technology can significantly boost carpet production by automating processes and increasing efficiency. This might potentially double the output, from 100 to 200 yards per day, although actual figures would vary.

The impact of new technology on carpet production can be significant. New technology can automate many of the processes, leading to increased efficiency. For instance, if a carpet factory was producing 100 yards of carpet per day with old machinery, introduction of new technology might enable them to manufacture 200 yards a day, doubling the output. It's important to note that the actual numbers would vary depending on the specific advancements in technology and the scale of the operation.

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Answer:

Trick question. There are no following factors.

Explanation: