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Lizzie Rojas
Answers (5)
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Income for year 2 using absorption costing is:
A) $109,000.
B) $117,000.
C) $106,600.
D) $115,000.
E) $111,000.
A) $109,000.
B) $117,000.
C) $106,600.
D) $115,000.
E) $111,000.
On Jun 23, 2024
C
LR
Answered
Power avoidance is the extent to which people rely on procedures,and organizations (including government)to avoid ambiguity,unpredictability,and risk.
On Jun 23, 2024
False
LR
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The president of a consulting firm wants to minimize the total number of hours it will take to complete four projects for a new client. Accordingly, she has estimated the time it should take for each of her top consultants-Charlie, Gerald, Johnny, and Rick-to complete any of the four projects, as follows:
Project Hours
Consultant A B C D Charlie 13161118 Gerald 13151012 Johnny 15112015 Rick 17171222\begin{array} { | l | l | l | l | l | } \hline \text { Consultant } & \text { A } & \text { B } & \text { C } & \text { D } \\\hline \text { Charlie } & 13 & 16 & 11 & 18 \\\hline \text { Gerald } & 13 & 15 & 10 & 12 \\\hline \text { Johnny } & 15 & 11 & 20 & 15 \\\hline \text { Rick } & 17 & 17 & 12 & 22 \\\hline\end{array} Consultant Charlie Gerald Johnny Rick A 13131517 B 16151117 C 11102012 D 18121522 a. In how many different ways can she assign these consultants to these projects?
b. What is the total number of hours required by the following arbitrary assignment?
Charlie-B; Gerald-A; Johnny-D; Rick-C
c. What is the optimal assignment of consultants to projects? (Use the assignment method; SHOW YOUR WORK!)
d. For the optimal schedule, what is the total number of hours it will take these consultants to complete these projects?
e. What is the significance, if any, of the fact that Gerald is the best performer at all four projects?
Project Hours
Consultant A B C D Charlie 13161118 Gerald 13151012 Johnny 15112015 Rick 17171222\begin{array} { | l | l | l | l | l | } \hline \text { Consultant } & \text { A } & \text { B } & \text { C } & \text { D } \\\hline \text { Charlie } & 13 & 16 & 11 & 18 \\\hline \text { Gerald } & 13 & 15 & 10 & 12 \\\hline \text { Johnny } & 15 & 11 & 20 & 15 \\\hline \text { Rick } & 17 & 17 & 12 & 22 \\\hline\end{array} Consultant Charlie Gerald Johnny Rick A 13131517 B 16151117 C 11102012 D 18121522 a. In how many different ways can she assign these consultants to these projects?
b. What is the total number of hours required by the following arbitrary assignment?
Charlie-B; Gerald-A; Johnny-D; Rick-C
c. What is the optimal assignment of consultants to projects? (Use the assignment method; SHOW YOUR WORK!)
d. For the optimal schedule, what is the total number of hours it will take these consultants to complete these projects?
e. What is the significance, if any, of the fact that Gerald is the best performer at all four projects?
On Jun 22, 2024
(a) 4!, or 24 ways. (b) 16 + 13 + 15 + 12 = 56 hours. (c) Table appears below. (d) 48 hours. (e) Each person must get exactly one assignment. Note that Gerald does not get the assignment at which he is absolutely most productive (Project C). The optimum assignment is about opportunity cost, not absolute high or low values.
Project A Project B Project C Project D Charlie 1000 Gerald 0001 Johnny 0100 Rick 0010\begin{array} { | l | c | c | c | c | } \hline & \text { Project A } & \text { Project B } & \text { Project C } & \text { Project D } \\\hline \text { Charlie } & 1 & 0 & 0 & 0 \\\hline \text { Gerald } & 0 & 0 & 0 & 1 \\\hline \text { Johnny } & 0 & 1 & 0 & 0 \\\hline \text { Rick } & 0 & 0 & 1 & 0\\\hline\end{array} Charlie Gerald Johnny Rick Project A 1000 Project B 0010 Project C 0001 Project D 0100
Project A Project B Project C Project D Charlie 1000 Gerald 0001 Johnny 0100 Rick 0010\begin{array} { | l | c | c | c | c | } \hline & \text { Project A } & \text { Project B } & \text { Project C } & \text { Project D } \\\hline \text { Charlie } & 1 & 0 & 0 & 0 \\\hline \text { Gerald } & 0 & 0 & 0 & 1 \\\hline \text { Johnny } & 0 & 1 & 0 & 0 \\\hline \text { Rick } & 0 & 0 & 1 & 0\\\hline\end{array} Charlie Gerald Johnny Rick Project A 1000 Project B 0010 Project C 0001 Project D 0100
LR
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Olthius Ltd. purchased 60% of Fredo Ltd. for $1,500,000. At the date of acquisition, the carrying value of Fredo's net identifiable assets was $1,800,000 and the fair value was $2,200,000. What is the amount of the goodwill under the entity method?
A) $(300,000)
B) $120,000
C) $300,000
D) $400,000
A) $(300,000)
B) $120,000
C) $300,000
D) $400,000
On May 24, 2024
C
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Answered
Adjusting entries result in a better matching of revenues and expenses for the period.
On May 23, 2024
True