ZH
Zainab Husain
Answers (6)
ZH
Answered
Define risk and return and discuss the relation between them.
On Jul 19, 2024
Net income is often related to return,which is what is earned from investments.Risk is the uncertainty about the return that will be earned.All investments involve risk,but risk and return vary among investment opportunities.In general,the lower the risk of an investment; the lower the expected return.Higher return is expected in exchange for accepting higher risk.
ZH
Answered
What is the company's current predetermined overhead rate?
A) $9.06
B) $56.63
C) $22.65
D) $37.75
A) $9.06
B) $56.63
C) $22.65
D) $37.75
On Jul 18, 2024
C
ZH
Answered
Rokosz Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:The budgeted selling price per unit is $104. Budgeted unit sales for October, November, December, and January are 6,900, 7,100, 11,300, and 15,300 units, respectively. All sales are on credit.Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month.The ending finished goods inventory equals 20% of the following month's sales.The ending raw materials inventory equals 30% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $2.00 per pound.The direct labor wage rate is $23.00 per hour. Each unit of finished goods requires 2.5 direct labor-hours.The estimated direct labor cost for November is closest to:
A) $320,000
B) $182,620
C) $456,550
D) $19,850
A) $320,000
B) $182,620
C) $456,550
D) $19,850
On Jun 19, 2024
C
ZH
Answered
Which of the following correctly completes this sentence: When calculating your return on investment you should ignore _____________.
A) paper gains which you could have obtained by cashing out
B) losses you avoided by not buying a stock that has since decreased in price
C) dividends that have been declared on the stock you own if you have not yet received the dividend
D) paper capital losses that occur
E) fees you are charged in the process of purchasing the asset in question
A) paper gains which you could have obtained by cashing out
B) losses you avoided by not buying a stock that has since decreased in price
C) dividends that have been declared on the stock you own if you have not yet received the dividend
D) paper capital losses that occur
E) fees you are charged in the process of purchasing the asset in question
On Jun 18, 2024
B
ZH
Answered
A company produces two products,XX and YY,from a single raw material called Zub.Zub is purchased in 55-gallon drums,and the contents of one drum are sufficient to produce 30 gallons of XX and 15 gallons of YY.XX sells for $10.00 per gallon and YY sells for $30.00 per gallon.During the current period,the company used 400 drums of Zub to produce XX and YY.The cost of Zub was $90 per drum.
Required:
(1)If the cost of Zub is allocated to the XX and YY products on the basis of the number of gallons produced,how much of the total cost of the 400 drums should be charged to each product?
(2)If the cost of Zub is allocated to the XX and YY products in proportion to their market values,how much of the total cost of the 400 drums should be charged to each product?
(3)Which basis of allocating the cost is most likely to be used by the company?
Required:
(1)If the cost of Zub is allocated to the XX and YY products on the basis of the number of gallons produced,how much of the total cost of the 400 drums should be charged to each product?
(2)If the cost of Zub is allocated to the XX and YY products in proportion to their market values,how much of the total cost of the 400 drums should be charged to each product?
(3)Which basis of allocating the cost is most likely to be used by the company?
On May 20, 2024
Preliminary calculations: Total joint cost: 400 drums * $90/drum = $36,000
Amount of XX produced: 400 drums * 30 gallons/drum = 12,000 gallons
Amount of YY produced: 400 drums * 15 gallons/drum = 6,000 gallons
Part 1: Allocation of $36,000 based on number of gallons:
Part 2: Allocation of $36,000 based on sales value:
Part 3: Relative market values would probably be chosen.In this case,YY has a value three times that of XX,so the amount per barrel allocated to YY ($21,600/6,000 = $3.60 per barrel)is three times the amount allocated to XX ($14,400/12,000 = $1.20 per barrel).Using the relative number of gallons,both products are allocated $2 per barrel,regardless of their sales value.
Amount of XX produced: 400 drums * 30 gallons/drum = 12,000 gallons
Amount of YY produced: 400 drums * 15 gallons/drum = 6,000 gallons
Part 1: Allocation of $36,000 based on number of gallons:
Part 2: Allocation of $36,000 based on sales value: Part 3: Relative market values would probably be chosen.In this case,YY has a value three times that of XX,so the amount per barrel allocated to YY ($21,600/6,000 = $3.60 per barrel)is three times the amount allocated to XX ($14,400/12,000 = $1.20 per barrel).Using the relative number of gallons,both products are allocated $2 per barrel,regardless of their sales value.ZH
Answered
Which sentence demonstrates correct punctuation?
A) That station has up to the minute news.
B) That station has up-to-the-minute news.
C) That station has up-to-the minute news.
A) That station has up to the minute news.
B) That station has up-to-the-minute news.
C) That station has up-to-the minute news.
On May 19, 2024
B