The purpose of using control plans and process owners in continuous improvement projects is to ensure that the processes and procedures are well-defined and well-managed throughout the project lifecycle.
Control plans help to identify and monitor the critical processes and their key characteristics, which are necessary to maintain the quality of the products or services. A control plan is a detailed document that outlines the critical steps of a process, the methods for measuring and controlling its output, and the responsibilities of each team member involved in the process. The control plan provides a systematic approach for identifying potential problems and taking corrective actions before they impact the product quality or customer satisfaction.
The process owner, on the other hand, is responsible for overseeing the entire process, from start to finish, and ensuring that it meets the requirements of the project.
To learn more about control plans, visit here
https://brainly.com/question/31411934
#SPJ4
Unit 14 - Discussion Forum 55 unread replies.77 replies. 1. What is the purpose of using control plan and process owners in continuous improvement projects?
Explain how the inventory valuation method (LIFO or FIFO) chosen by a company affects the cost of goods sold and net income if prices are rising. What if the prices are declining
The inventory valuation method chosen by a company can have a significant impact on the cost of goods sold and net income, especially when prices are changing.
When prices are rising, the cost of goods sold (COGS) under the last-in, first-out (LIFO) method is typically higher than under the first-in, first-out (FIFO) method. This is because under LIFO, the most recent, and thus most expensive, inventory is assumed to be sold first, leading to a higher COGS. As a result, net income under LIFO is typically lower than under FIFO, as COGS is higher, and gross profit is lower.
On the other hand, when prices are declining, the opposite is true. The COGS under LIFO is typically lower than under FIFO because the oldest, and thus cheapest, inventory is assumed to be sold first, leading to a lower COGS. As a result, net income under LIFO is typically higher than under FIFO, as COGS is lower, and gross profit is higher.
ce of inventory valuation method can also affect the value of inventory reported on the balance sheet. Under LIFO, the value of inventory is based on the oldest items in stock, while under FIFO, it is based on the most recent items. As a result, the inventory value on the balance sheet may be different depending on the inventory valuation method chosen.
In summary, the choice of inventory valuation method (LIFO or FIFO) can significantly impact the cost of goods sold and net income, especially when prices are changing. If prices are rising, LIFO will result in a higher COGS and lower net income, while FIFO will result in a lower COGS and higher net income. If prices are declining, the opposite is true. It's important for companies to consider the potential impact of their choice of inventory valuation method on their financial statements and overall financial performance.
Learn more about inventory here:
https://brainly.com/question/14184995
#SPJ11
Bailment agreements usually are made for a particular purpose such as Group of answer choices to loan. to lease. to transport property. All of these choices.
The Bailment agreements usually are made for a particular purpose such as: to transport property. The correct option is C.
Bailment agreements are typically made for the purpose of transporting property from one location to another, such as when a shipping company is hired to transport goods from a warehouse to a retail store. However, bailment agreements can also be used for other purposes, such as loaning or leasing property.
In a bailment agreement, the person delivering the property is known as the bailor, while the person receiving the property is known as the bailee. The bailee is responsible for taking care of the property while it is in their possession and returning it to the bailor in the same condition as it was received. The terms of the agreement may include provisions for payment, insurance, and liability in the event of loss or damage to the property.
Overall, bailment agreements are a common way to ensure the safe and efficient transportation of property, and can also be used for other purposes such as loaning or leasing property.
To know more about Bailment, refer here:
https://brainly.com/question/14462162#
#SPJ11
Complete question:
Bailment agreements usually are made for a particular purpose such as Group of answer choices
a. to loan.
b. to lease.
c. to transport property.
s. All of these choices.
A visual representation of the process a customer or prospect goes through to achieve a goal with a company is called
A customer journey map is a typical name for the graphic representation of the steps a customer or potential customer takes to work with a company to accomplish a goal.
It is a strategic tool that provides a comprehensive view of the customer's experience, from initial awareness of a company's product or service to post-purchase evaluation.
Customer journey maps typically include several stages, such as awareness, consideration, purchase, and post-purchase, and are often displayed as a timeline or flowchart. Each stage of the journey represents a unique set of touchpoints, interactions, and emotions that the customer may experience.
The goal of a customer journey map is to identify pain points, opportunities for improvement, and areas where the company can exceed customer expectations. By understanding the customer's journey, companies can create more targeted marketing campaigns, improve customer service, and ultimately increase customer satisfaction and loyalty.
To learn more about customer journey map
https://brainly.com/question/25658069
#SPJ4
Economizing requires that any particular good be produced by the nation having the ______ domestic opportunity cost, or the ______ advantage for that good.
Economizing requires that any particular good be produced by the nation having the lowest domestic opportunity cost, or the comparative advantage for that good.
The concept of comparative advantage refers to the idea that countries can benefit from specializing in producing goods in which they have a lower opportunity cost than other countries. This allows for greater efficiency and increased output, which in turn can lead to greater economic growth and welfare. For example, if Country A has a lower opportunity cost for producing wheat than Country B, while Country B has a lower opportunity cost for producing steel than Country A, then it makes sense for Country A to specialize in producing wheat and Country B to specialize in producing steel. By trading with each other, both countries can benefit from the gains of trade, as they can obtain both wheat and steel at a lower cost than if they each tried to produce both goods themselves. In order to determine the comparative advantage of a country, it is necessary to consider a range of factors, including the availability of resources, the level of technology, and the skills of the workforce. By focusing on areas of comparative advantage, countries can increase their efficiency, productivity, and overall economic prosperity.
Learn more about Economizing here
https://brainly.com/question/13167454
#SPJ11
3. If Hanmi's stock price had been $36 at the time of the split, what would be its approximate value after the split (other things equal)
If Hanmi's stock price was $36 at the time of the split, the new stock price would be approximately $18 after the split (other things equal).
A stock split is a corporate action in which a company divides its existing shares into multiple shares. The purpose of a stock split is to make the shares more affordable and attractive to investors, as well as to increase the liquidity of the shares.
In this question, Hanmi's stock underwent a 2-for-1 split, which means that each shareholder would receive two shares for every one share they owned before the split. If the stock price before the split was $36, then the new stock price after the split would be approximately $18, assuming no other factors affected the stock price.
This is because each shareholder would now own twice as many shares, and the total value of those shares would remain the same. Therefore, the price per share would need to be cut in half to reflect the split.
Learn more about investors here:
https://brainly.com/question/31888450
#SPJ11
The number of fully completed units that equates with a given number of partially completed units is referred to as the
The term that refers to the number of fully completed units that are equivalent to a certain number of partially completed units is known as the conversion factor.
This factor is used in many industries to determine how many fully completed units can be produced based on the number of partially completed units that have been completed. For example, in manufacturing, if a certain number of parts have been partially completed, the conversion factor can be used to determine how many fully completed products can be produced using those parts.
The conversion factor is also important in many other industries, including agriculture, finance, and construction. It allows businesses and organizations to make informed decisions about production levels, resource allocation, and revenue projections, ultimately leading to greater efficiency and profitability.
To learn more about Conversion :
https://brainly.com/question/30372733
#SPJ11
The available capacity will be influenced by: I. Product specification. II. Product mix. III. Work effort. IV. Units of measurement
The available capacity will be influenced by several factors, including I. product specification, II. product mix, III. work effort.
Product specification: The design and features of a product can impact the available capacity. Complex products with intricate details or high-quality standards require more time, resources, and attention during the production process, leading to reduced available capacity.
Product mix: The variety of products being produced simultaneously can affect available capacity. When different products have varying production requirements, it can lead to inefficiencies and reduced capacity. Balancing the product mix and optimizing production lines for similar products can help maximize capacity.
Work effort: The productivity and efficiency of the workforce play a crucial role in determining available capacity. Effective training, motivation, and management can improve work effort, resulting in increased capacity. Conversely, factors such as low morale, inadequate training, and inefficient work processes can reduce capacity. Therefore, the correct answer options are I, II, and III.
know more about capacity here:
https://brainly.com/question/29382557
#SPJ11
Assume the domestic price of corn is $1.00 and the quantity of corn produced is 100 tons. If the world price of corn exceeds $1.00, then U.S. producers will produce ______ than 100 tons of corn, creating a ______ that will be ______.
If the world price of corn exceeds $1.00, U.S. producers will produce more than 100 tons of corn, creating a surplus that will be exported to other countries.
When the world price of corn exceeds the domestic price of $1.00, U.S. producers can sell their corn at a higher price in the world market. As a result, they will increase their production of corn to take advantage of the higher prices, leading to an increase in the quantity of corn produced beyond the original 100 tons. This surplus of corn will be exported to other countries that are willing to pay the higher world price.
The increase in production and export of corn will result in higher revenues for U.S. producers and an increase in the country's exports, which can contribute to economic growth. However, if the world price of corn falls below the domestic price, U.S. producers may reduce their production or switch to other crops, leading to a decrease in the quantity of corn produced and potentially causing economic hardships for the domestic producers.
To know more about domestic price here
https://brainly.com/question/29053834
#SPJ1
Suppose the government decides to increase taxes by $30 billion to increase Social Security benefits by the same amount. How will this combined tax transfer policy effect aggregate demand at current prices if the MPC is 0.8
Increasing taxes by $30 billion to fund Social Security benefits will have a negative impact on aggregate demand at current prices. This is because a tax increase reduces disposable income and therefore reduces consumption, which is a component of aggregate demand.
The extent to which aggregate demand is affected depends on the marginal propensity to consume (MPC) of taxpayers. Given that the MPC is 0.8, it means that for every dollar increase in disposable income, consumers will spend 80 cents and save 20 cents. Therefore, if taxes are increased by $30 billion, disposable income will decrease by $30 billion, and consumption will decrease by $24 billion (0.8 x $30 billion). This decrease in consumption will, in turn, decrease the overall level of aggregate demand. The decrease in demand will be even larger if Social Security benefits are not immediately spent but instead saved or invested, which would further reduce consumption. Therefore, while increasing Social Security benefits may be a desirable policy, it may not be the best solution if it involves a tax increase that harms economic growth. Instead, policymakers could consider alternative funding sources, such as reducing government spending in other areas or increasing taxes on high-income earners, to avoid harming aggregate demand.
Learn more about taxes here
https://brainly.com/question/29789189
#SPJ11
A firm has a beta of 0.90. If market returns are 12% and the risk-free rate is 4%, the estimated cost of equity is __________.
, the estimated cost of equity for the firm is 11.20%.
The estimated cost of equity can be calculated using the capital asset pricing model (CAPM) formula, which is:
Cost of Equity = Risk-Free Rate + Beta * (Market Return - Risk-Free Rate)
Plugging in the given values, we get
Cost of Equity = 4% + 0.90 * (12% - 4%)
Cost of Equity = 4% + 0.90 * 8%
Cost of Equity = 4% + 7.20%
Cost of Equity = 11.20
The cost of equity is the minimum return that a company must earn on its equity investment to satisfy the expectations of its shareholders. It represents the rate of return that an investor would require to invest in a particular company, given the level of risk associated with the company's equity.
Learn more about equity here:
https://brainly.com/question/31458166
#SPJ11
Assume that the productivity of these workers increased significantly. What will happen to the equilibrium wage and quantity
If the productivity of the workers increases significantly, it will lead to a shift in the supply curve for labor to the right.
This is because the workers are now able to produce more output per unit of time, which makes their labor more valuable to the firms. As a result, firms will demand more labor at each wage rate, leading to an increase in the equilibrium quantity of labor.
When there is a significant increase in worker productivity, it means that each worker can produce more output per unit of time than before. This makes the workers more valuable to the firms because they can now contribute more to the production process. As a result, firms will be willing to pay higher wages to attract and retain these more productive workers. This leads to an upward shift in the supply curve for labor.
At the same time, the increase in productivity also leads to a decrease in the marginal cost of production for the firms. This is because each worker can now produce more output with the same amount of inputs, which lowers the cost per unit of output. As a result, firms are willing to pay higher wages without having to increase the price of their products.
The net effect of these changes is an increase in the equilibrium wage rate and quantity of labor. The new equilibrium point is where the demand and supply curves intersect after the shift in the supply curve. The wage rate at this point will be higher than before, reflecting the increased productivity of the workers. The quantity of labor hired will also be higher, as firms can now afford to hire more workers at the higher wage rate.
In conclusion, when worker productivity increases significantly, it leads to an upward shift in the supply curve for labor, resulting in higher equilibrium wage rates and quantities of labor.
Learn more about supply curve for labor: https://brainly.com/question/13540328
#SPJ11
The enacted tax rate for Year 1 is 30% and 25% thereafter. In its December 31, Year 1 balance sheet, Lake should report a deferred income tax liability of
Lake should report a deferred income tax liability on its December 31, Year 1 balance sheet.
This is because the enacted tax rate for Year 1 is 30%, which means that Lake will be required to pay more taxes in Year 1 compared to subsequent years when the rate drops to 25%. As a result, Lake will need to recognize the future tax liability that arises from this difference in tax rates.
This is done by calculating the temporary difference between the book and tax basis of Lake's assets and liabilities, multiplying it by the enacted tax rate, and then recording the resulting deferred tax liability on the balance sheet.
Therefore, the exact amount of the deferred income tax liability will depend on the temporary differences present in Lake's financial statements.
To know more about tax liability , refer to the link:
https://brainly.com/question/31058149#
#SPJ11
An oil and gas program sharing arrangement where the costs that are not immediately deductible are carried by the general partner while the immediately deductible costs are carried by the limited partner is called a(n):
The oil and gas program sharing arrangement described in the question is commonly known as a "drilling partnership" or a "working interest partnership."
In this partnership, the general partner is responsible for carrying the costs that are not immediately deductible, such as exploration and development costs, while the limited partner is responsible for carrying the immediately deductible costs, such as drilling and operating costs.
This type of partnership allows the limited partner to receive tax deductions for their share of the drilling and operating costs, which can help offset their taxable income. Meanwhile, the general partner is able to share in the profits of the partnership while also assuming the risks associated with carrying the non-deductible costs.
To learn more about operating costs, visit here
https://brainly.com/question/15699967
#SPJ4
An oil and gas program sharing arrangement where the costs that are not immediately deductible are carried by the general partner while the immediately deductible costs are carried by the limited partner is called a(n):______
True or false: In the context of organizational change, the vision statement of an organization has to be a solo effort on the part of its leader.
True . The organization's CEO must work alone to create the vision statement in the context of organisational transformation.
Because it entails the creation and execution of the change plan, the process (P) component of the change model is where the change initiative actually takes shape and can be implemented. According to the study, employees who are self-motivated and/or have more conventional values are less likely to be impacted by transformational leaders.
Leaders that are charismatic often have views of the future that are both daring and engaging. They seldom concentrate on preserving the status quo. Making adjustments to the organization's procedures, structures, or policies is considered a strategic shift.
Learn more about organization's Visit: brainly.com/question/19334871
#SPJ4
The statement is True, In the context of organizational change, the vision statement of an organization has to be a solo effort on the part of its leader.
Solo effort refers to an individual's ability to accomplish a task or achieve a goal without assistance or collaboration from others. It involves taking complete responsibility for one's actions and decisions and executing them independently.
Solo effort can be observed in various domains such as sports, music, academics, or entrepreneurship. For example, a solo athlete competing in an individual sport, a musician playing a solo performance, a student completing a project individually, or an entrepreneur starting a business on their own. While the solo effort can lead to personal satisfaction and a sense of accomplishment, it also comes with its challenges. These can include a lack of support or resources, increased pressure and responsibility, and limited opportunities for collaboration and feedback.
To know more about Solo effort refer to-
brainly.com/question/29973806
#SPJ4
If a company has excess capacity, it is contemplating whether a special order should be accepted. The order will not impact regular sales. If the company accepts the special order, what will occur
If a company has excess capacity and decides to accept a special order, it will be able to utilize the idle capacity that would otherwise go unused. By accepting the special order, the company can generate additional revenue and potentially increase profits without affecting its regular sales.
However, it is important for the company to evaluate the costs associated with fulfilling the special order to ensure that it is profitable and worth accepting. Additionally, accepting a special order may require adjustments to the production process or supply chain, so the company should carefully consider these factors before making a decision.
1. Increase in production: The company will utilize its excess capacity to produce the additional units required for the special order.
2. Additional revenue generation: The special order will bring in extra revenue for the company, as it's a separate order from their regular sales.
3. Incremental cost consideration: The company will need to evaluate the incremental costs associated with the special order, such as raw materials, labor, and other variable costs.
4. Profitability analysis: The company should analyze whether the additional revenue from the special order will cover the incremental costs and contribute positively to the overall profitability.
5. Opportunity cost evaluation: The company should consider if there are other, more profitable opportunities to utilize the excess capacity.
In conclusion, if a company with excess capacity accepts a special order that does not impact regular sales, it will likely result in increased production, additional revenue, and a need to analyze profitability and opportunity costs associated with the special order.
to know more about contemplating here;
brainly.com/question/31702864
#SPJ11
According to HIPAA, which is an action that is not considered as accepted sound medical business and results in the stealing of resources from the health care industry
HIPAA (Health Insurance Portability and Accountability Act) is a federal law that aims to protect the privacy and security of individuals’ medical information.
HIPAA sets standards for the protection of individuals’ personal health information and establishes rules for how that information may be used and disclosed by healthcare providers, insurance companies, and other entities in the healthcare industry. Any action that violates HIPAA’s privacy and security rules would not be considered an accepted sound medical business practice. Some examples of actions that would be considered a violation of HIPAA include: accessing a patient’s medical records without authorization, sharing a patient’s medical information with unauthorized individuals or entities, and failing to properly safeguard electronic medical records. These actions not only violate HIPAA but also can result in the theft of resources from the healthcare industry by compromising the privacy and security of patients’ medical information. It is important for all healthcare providers and entities to follow HIPAA rules and guidelines to ensure the protection of patients’ privacy and the security of their medical information.
Learn more about privacy and security here:
https://brainly.com/question/14482296
#SPJ11
Under current regulations, registration with the SEC is optional for all of the following investment advisers EXCEPT A) CEF Investment Managers, LTD., a partnership managing a small registered closed-end investment company traded on the OTC Bulletin Board B) Grand Visions Advisers, a sole proprietorship with $104 million in AUM C) Employee Benefit Specialists, Inc., a pension consultant with $225 million in AUM D) Midwestern Asset Managers, LLC, with $53 million in AUM, required to register in 17 states
A)CEF Investment Managers, LTD., a partnership managing a small registered closed-end investment company traded on the OTC Bulletin Board is not one of the exceptions and is required to register with the SEC.
Grand Visions Advisers, a sole proprietorship with $104 million in AUM, Employee Benefit Specialists, Inc., a pension consultant with $225 million in AUM, and Midwestern Asset Managers, LLC, with $53 million in AUM, are all eligible for registration exemption with the SEC as they do not meet certain criteria, such as having less than $100 million in AUM or advising solely on state-registered investment companies.
It is important for investment advisers to understand their obligations for SEC registration to avoid any legal consequences.
To know more about investment company visit:
https://brainly.com/question/14237097
#SPJ11
Changes in nominal variables are determined mostly by the quantity of money and the monetary system according to
Nominal variables are those that are expressed in monetary units, such as prices, wages, and interest rates. Changes in these variables are largely determined by the quantity of money in circulation and the monetary system in place.
When there is an increase in the quantity of money, nominal variables tend to increase as well, all else being equal. This is because more money in circulation means that there is more demand for goods and services, which can lead to higher prices. Additionally, the monetary system can affect nominal variables through actions such as changes in interest rates, which can impact borrowing and lending activity and ultimately affect prices and wages. Thus, understanding the role of the quantity of money and the monetary system is crucial for analyzing changes in nominal variables and their impact on the economy.
To know more about monetary system visit:
https://brainly.com/question/1093332
#SPJ11
Situations in which the more users of a product there are, the more useful the product becomes are called:
The term "Network effect" refers to situations where a product gets more valuable the more users there are. Here option A is the correct answer.
A network effect is a phenomenon that occurs when the value of a product or service increases as more people use it. In other words, the more users a product has, the more valuable it becomes. This effect can be seen in a wide range of products and services, from social media platforms to communication apps to online marketplaces.
The network effect is a positive feedback loop: as more people use the product, the more useful it becomes, which attracts even more users, leading to further increases in value. This creates a virtuous cycle that can be difficult for competitors to break into.
For example, social media platforms like FB and Tw have a strong network effect. The more people who use these platforms, the more valuable they become as a means of connecting with friends, family, and colleagues. Similarly, ride-sharing apps like Uber and Lyft become more useful as more drivers and riders join the platform.
To learn more about network effects
https://brainly.com/question/31442051
#SPJ4
Complete question:
Situations in which the more users of a product there are, the more useful the product becomes are called:
A) Network effect
B) Economies of scale
C) Market saturation
D) Product diversification
In the context of e-marketplaces, a _____ market concentrates on coordinating a business process or function involving multiple vendors.
In the context of e-marketplaces, a vertical market concentrates on coordinating a business process or function involving multiple vendors.
Vertical markets are specific industries or niches that cater to a particular set of customers or businesses. These markets are characterized by a narrow focus and deep specialization, which makes it easier for vendors to understand their customers' needs and tailor their products and services accordingly.
For example, a vertical market could be a platform that connects healthcare providers with medical equipment vendors. The platform would facilitate the entire procurement process, from selecting the right equipment to purchasing, delivery, and installation. By focusing on a specific industry, the platform can provide targeted solutions that meet the unique needs of healthcare providers.
Vertical markets are highly advantageous for vendors because they offer access to a concentrated pool of potential customers. Vendors can leverage their expertise and knowledge of the industry to create highly specialized products and services that meet the specific needs of their target customers. Additionally, vertical markets help vendors to establish strong relationships with their customers and to develop a deep understanding of their business processes.
Overall, vertical markets are a valuable component of e-marketplaces because they provide a platform for vendors to collaborate and offer specialized solutions to customers in a particular industry.
To learn more about a market, visit: https://brainly.com/question/14315539
#SPJ11
A covered call option consists of ______. Multiple choice question. shorting the stock and writing the call owning the stock and owning the call
A covered call option consists of owning the stock and writing the call.
A covered call option is a strategy where an investor owns shares of a particular stock and sells a call option on that same stock. By doing so, the investor receives a premium payment for the call option and agrees to sell the shares at a predetermined price (strike price) if the option is exercised by the buyer. The call option is "covered" because the investor already owns the underlying shares that could be sold if the option is exercised.
A covered call option is a strategy in options trading where an investor holds a long position in an asset (usually a stock) and sells (or "writes") call options on that same asset. By doing so, the investor earns premium income from the sale of the call options. The strategy is considered "covered" because the investor already owns the underlying asset, which can be sold to meet the obligation of the call option if it is exercised. This strategy is often used to generate income in a flat or slightly bullish market environment.
To know more about covered call option,
https://brainly.com/question/17112313
#SPJ11
Outsourcing is done to ________. Question 44 options: A) increase costs for outsourcing vendors B) cap an organization's financial exposure C) enhance management's focus on nonessential functions D) increase systems integrity E) diversify the business portfolio
Outsourcing is done to (C) enhance management's focus on nonessential functions.
Outsourcing is done to enhance management's focus on nonessential functions. By outsourcing certain tasks or processes to external vendors or service providers, an organization can free up its internal resources and redirect them towards core functions and strategic initiatives. This allows management to concentrate on essential aspects of the business while delegating nonessential functions to specialized external entities.
Outsourcing can improve efficiency, reduce costs, and enable organizations to leverage the expertise and resources of external partners, ultimately enhancing overall operational effectiveness and productivity.
Option C is answer.
You can learn more about Outsourcing at
https://brainly.com/question/4456416
#SPJ11
E11.1 (LO 1) Fernandez Corporation purchased a truck at the beginning of 2020 for $50,000. The truck is estimated to have a salvage value of $2,000 and a useful life of 160,000 miles. It was driven 23,000 miles in 2020 and 31,000 miles in 2021. Compute depreciation expense using the units-of-production method for 2020 and 2021.
The depreciation expense for 2020 using the units-of-production method is $7,130, and the depreciation expense for 2021 is $9,610.
The units-of-production method of depreciation assigns a portion of the asset's cost to each unit of output it generates. In this case, the output unit is the number of miles driven by the truck.
To compute depreciation expense using the units-of-production method for 2020 and 2021, we need to follow these steps:
Step 1: Determine the total expected output of the asset over its useful life.
Total expected output = Total miles over useful life = 160,000 miles
Step 2: Determine the depreciation per unit of output.
Depreciation per unit of output = (Cost - Salvage value) / Total expected output
Depreciation per unit of output = ($50,000 - $2,000) / 160,000 miles
Depreciation per unit of output = $0.31 per mile
Step 3: Compute the depreciation expense for 2020.
Depreciation expense for 2020 = Depreciation per unit of output x Miles driven in 2020
Depreciation expense for 2020 = $0.31 per mile x 23,000 miles
Depreciation expense for 2020 = $7,130
Step 4: Compute the depreciation expense for 2021.
Depreciation expense for 2021 = Depreciation per unit of output x Miles driven in 2021
Depreciation expense for 2021 = $0.31 per mile x 31,000 miles
Depreciation expense for 2021 = $9,610
Therefore, the depreciation expense for 2020 using the units-of-production method is $7,130, and the depreciation expense for 2021 is $9,610.
Learn more about units-of-production
https://brainly.com/question/14182418
#SPJ4
Jim Murphy borrowed $30,000 on a 120-day 14% note. Jim paid $5,000 toward the note on day 95. On day 105, he paid an additional $6,000. The payment was applied first to the interest owed with the remaining payment applied to the principal balance. Jim's adjusted balance after the first payment is:
Jim's adjusted balance after the first payment of $5,000 was $24,014.58. On day 105, Jim paid an additional $6,000. Jim's adjusted balance after the second payment was $17,847.51.
To determine Jim's adjusted balance after the first payment , we need to calculate the interest owed on the note up to day 95 and subtract it from the original principal amount of $30,000.
The interest owed up to day 95 can be calculated using the simple interest formula:
I = P * r * t
where I is the interest, P is the principal amount, r is the interest rate, and t is the time in years.
In this case, the time is 95/360 (since there are 360 days in a year for this type of calculation) and the interest rate is 14%. Thus, the interest owed up to day 95 is:
I = $30,000 * 0.14 * (95/360) = $985.42
Subtracting this interest from the original principal gives us Jim's adjusted balance after the first payment:
$30,000 - $5,000 - $985.42 = $24,014.58
On day 105, Jim paid an additional $6,000, which was first applied to the remaining interest owed and then to the principal balance. The interest owed on day 105 can be calculated similarly to before:
I = $24,014.58 * 0.14 * (10/360) = $167.07
Subtracting this interest from the remaining balance and subtracting the additional payment gives us Jim's adjusted balance after the second payment:
$24,014.58 - $167.07 - $6,000 = $17,847.51
Therefore, the correct answer is option C: $1,108.33.
In summary, Jim's adjusted balance after the first payment of $5,000 was $24,014.58. On day 105, Jim paid an additional $6,000, which was first applied to the remaining interest owed and then to the principal balance. Jim's adjusted balance after the second payment was $17,847.51.
To know more about payment refer here:
https://brainly.com/question/27076162#
#SPJ11
Complete Question:
Jim Murphy borrowed $30,000 on a 120-day 14% note. Jim paid $5,000 toward the note on day 95. On day 105, he paid an additional $6,000. The payment was applied first to the interest owed with the remaining payment applied to the principal balance. Jim's adjusted balance after the first payment is:
a. $25,000
b. 26,108.33
c. $1,108.33
d. $28,891.67
Determine the expected return of the asset using the following information: - Yield on long-term government bond: 1.85% - Yield on corporate bond: 2.35% - Average annualized market return: 6.45% - The beta of the asset is 0.5 Review Later 6.07878% 4.4% 4.15% 3.75%
To determine the expected return of the asset, we need to use the Capital Asset Pricing Model (CAPM), which takes into account the risk-free rate, the expected market return, and the beta of the asset.
First, we need to calculate the market risk premium, which is the difference between the average annualized market return and the yield on long-term government bonds. This is calculated as:
Market risk premium = Average annualized market return - Yield on long-term government bond
Market risk premium = 6.45% - 1.85%
Market risk premium = 4.6%
Next, we can use the CAPM formula to calculate the expected return of the asset:
Expected return = Risk-free rate + (Beta x Market risk premium)
Expected return = 1.85% + (0.5 x 4.6%)
Expected return = 1.85% + 2.3%
Expected return = 4.15%
Therefore, the expected return of the asset is 4.15%. This is higher than the yield on long-term government bonds and corporate bonds, indicating that the asset is expected to provide a higher return but also comes with higher risk due to its beta.
TO KNOW MORE ABOUT Capital Asset Pricing Model (CAPM) CLICK THIS LINK -
brainly.com/question/28590164
#SPJ11
The dollar-value LIFO method extends the concept of inventory pools by allowing companies to Multiple choice question. combine a large variety of goods in one pool. combine all goods in one single inventory pool. avoid all inventory liquidations.
The dollar-value LIFO (last-in, first-out) method is a method of accounting for inventory that allows companies to value inventory at current prices and adjust for inflation.
This method extends the concept of inventory pools by allowing companies to combine a large variety of goods in one pool. By doing so, it can help simplify the inventory management process and make it easier to track changes in the value of the inventory over time. In contrast to other LIFO methods, which typically use specific identification or a small number of inventory pools, the dollar-value LIFO method allows companies to use a single inventory pool that includes all of their goods. This means that companies can avoid the need to track individual items or groups of items separately, which can be particularly useful for businesses with a large number of different products or SKUs.
Another benefit of the dollar-value LIFO method is that it can help companies avoid inventory liquidations, which can be costly and disruptive to business operations. By valuing inventory at current prices and adjusting for inflation, the method can help ensure that the value of the inventory remains relatively stable over time, even as prices for individual items fluctuate.
Overall, the dollar-value LIFO method is a powerful tool for companies looking to manage their inventory more effectively and avoid costly liquidations. While it may require a bit more work to set up and maintain than other LIFO methods, the benefits it provides in terms of simplicity and stability make it well worth the effort for many businesses.
The dollar-value LIFO method allows companies to combine a large variety of goods in one pool.
Step-by-step explanation:
1. The dollar-value LIFO method is an inventory valuation method that combines the advantages of LIFO (Last In, First Out) with the simplicity of working in dollars instead of units.
2. This method extends the concept of inventory pools by allowing companies to combine a large variety of goods in one pool, which simplifies tracking and management.
3. By doing this, the dollar-value LIFO method enables companies to manage their inventory more efficiently and accurately without the need to track each specific item individually.
Learn more about LIFO reserve
at https://brainly.com/question/29022341
#SPJ11
Item1 1 points ReferencesItem 1 Suppose there are only three firms in a market. The largest firm has sales of $500 million, the second-largest has sales of $300 million, and the smallest has sales of $200 million. The market share of the largest firm is
The market share of the largest firm is: $500 million / $1 billion = 0.50 or 50%
The market share of the largest firm can be calculated by dividing its sales by the total market sales. In this case, the total market sales are $500 million + $300 million + $200 million = $1 billion.
Thus, the market share of the largest firm is:
$500 million / $1 billion = 0.50 or 50%
Therefore, the largest firm has a 50% market share, which is higher than the other two firms. The second-largest firm has a market share of 30% ($300 million / $1 billion), and the smallest firm has a market share of 20% ($200 million / $1 billion). The market share is an important measure of a firm's competitiveness and market power, as it indicates its relative size in the market and its ability to influence prices and competition.
For more such questions on market share
https://brainly.com/question/25309906
#SPJ11
In recent years, mortgage lenders responded to the demand from home buyers who were unable to put 20 percent down on their purchase and were looking to avoid the private mortgage insurance (PMI) requirement that would typically accompany such a loan by developing a second mortgage that is created simultaneously with the first mortgage in an amount of ten percent of the value of the home. This enabled the borrower to obtain 90 percent financing while avoiding the additional cost of PMI. These loans are more commonly referred to as: Multiple Choice home equity loans. subprime mortgage loans. piggyback mortgage loans. reverse mortgages.
The loans described in the scenario are commonly referred to as piggyback mortgage loans.
A piggyback mortgage involves taking out two separate loans at the same time, one for the majority of the purchase price and a second, smaller loan to cover the remaining balance. In this case, the second loan would cover 10 percent of the purchase price, allowing the borrower to avoid the additional cost of private mortgage insurance (PMI), which is typically required for borrowers who put down less than 20 percent on their home purchase.
what is loan?
A loan is a sum of money borrowed by an individual or organization from a lender, with the agreement that it will be paid back over time with interest.
To know more about the loan visit:
brainly.com/question/11794123
The "piggyback mortgage loans". This type of loan is developed by mortgage lenders to help home buyers who cannot put 20 percent down on their purchase and want to avoid the private mortgage insurance (PMI) requirement.
It involves creating a second mortgage that is taken out simultaneously with the first mortgage and is equal to ten percent of the value of the home. This allows the borrower to obtain 90 percent financing while avoiding the additional cost of PMI.
In recent years, mortgage lenders developed piggyback mortgage loans to help home buyers who couldn't put 20 percent down on their purchase and wanted to avoid private mortgage insurance (PMI). By creating a second mortgage simultaneously with the first mortgage for ten percent of the home's value, borrowers can obtain 90 percent financing while avoiding the additional cost of PMI.
To Know more about additional cost
https://brainly.com/question/29053821
#SPJ11
Which step of the organizational buying process involves qualified suppliers who are invited by a company in a B2B scenario to submit a bid to become its supplier
The step of the organizational buying process that involves inviting qualified suppliers to submit a bid is called the request for proposal (RFP) stage.
During this stage, the buying organization identifies and contacts potential suppliers who can meet its requirements and requests a formal proposal outlining their capabilities, pricing, and other relevant information. The RFP process allows the buying organization to evaluate and compare different supplier options to determine which one best meets its needs. This stage is critical in ensuring that the buying organization selects the most suitable supplier to fulfill its requirements while also ensuring that the supplier has a fair and equal opportunity to compete for the business.
Learn more about request for proposal (RFP)
https://brainly.com/question/31018440
#SPJ4
The financial analysis component of a business plan is to describe _____. a. how your business will be organized and what type of management or department structure your business will have b. the
The financial analysis component of a business plan is to describe the financial projections and expected performance of the business, including revenue, expenses, cash flow, and profitability.
The financial analysis component of a business plan is designed to describe the financial projections and viability of the business, including revenue, expenses, cash flow, and break-even points. This component helps potential investors or lenders understand the financial aspects of the business and its potential for growth and profitability.It should also include an assessment of the funding needs and potential sources of financing.
To know more about financial analysis visit:
https://brainly.com/question/29926939
#SPJ11