Liquidity Ratio Calculations: Current Ratio = Current Assets / Current Liabilities $147,800 / $90,283 = $1.637:1 Acid-Test Ratio = (Cash + Short-Term Investments + Net Receivables) / Current Liabilities $89,664 + $0 + $51,869 / $90,283 = $1.567:1 Receivables Turnover = Net Credit Sales / Average Receivables ($1,109,295 - $89,664) / [($51,869 + $81,557) / 2] = 15.283 *Average Collection Period = 365 / 15.283 = 23.883 Days When evaluating Huffman Trucking’s ability to pay off short-term debt and maturing obligations, it’s imperative to analyze the company’s liquidity. Utilizing the current ratio to analyze liquidity, which compares all current assets to current liabilities,
| | | | | * Question 4 2 out of 2 points | | | Using the data below, determine the amount of consumer surplus, if any, in the market. The market clearing price for matinee tickets is $3 | Matinee TicketsWilling to Pay(WTP) | Tony | $1 | George | $2 | Deshon | $3 | Mario | $4 | Antonio | $5 | Brittney | $6 | | | | | | Selected Answer: | $6 | | | | | * Question 5 2 out of 2 points | | | Examine the graph below. The government has placed a $200 tariff on product z. The new equilibrium price is $600. What has happened to consumer surplus?
264,000 / 25,000 hrs = $10.56 2650 hrs x 10.56 = $27,984 (d) Sum-of-the-years’-digits. n(n+1) = 10(11) = 55 10/55 x 264,000 x 1/3 = $16,000 9/55 x 264,000 x 2/3 = $28,800 Total = $44,800 (e) Double-declining-balance. 279,000 x 20% x 1/3 = $18,600 [279,000-(279,000x20%)] x 20% x 2/3 = $29,760 Total = $48,360 E11-9 (Composite Depreciation) Presented below is information related to Morrow Manufacturing Corporation. Machine | Cost | Estimated Salvage Value | Estimated Life (in years) | A | $40,500 | $5,500 | 10 | B | 33,600 | 4,800 | 9 | C | 36,000 | 3,600 | 8 | D | 19,000 | 1,500 | 7 | E | 23,500 | 2,500 | 6 | Instructions (a) Compute the rate of depreciation per year to be applied to the machines under the composite method. A: 40,500/10=4050 B: 33,600/9=3733 C: 36,000/8=4500 D: 19,000/7=2714 E: 23,500/6=3916 Total Straight-line depreciation = $18,913 Total Cost = $152,600 Depreciation Rate = 18,913/152,600 = 12.4% (b) Prepare the adjusting entry necessary at the end of the year to record depreciation for the year.
2 1,500.00-2,999.99 225.00 16 % 3. 3 3,000.00-4,999.99 465.00 18 % 4. 4 5,000.00-7,999.99 825.00 20 % 5. 5 8,000.00-14,999.99 1425.00 25 % Input-Process-Output Chart Input Process Output (keyboard) Get salary Sal (real) Sal (real) BaseTax (Float) PctExs (Float) Calculate the Tax Due Sal (real) BaseTax (Float) PctExs (Float) TaxDue (Float) Sal (real) BaseTax (Float) PctExs (Float) TaxDue (Float) Display the Tax Due (Output to screen) Flow Chart Main Module Calculate TaxDue Module Pseudo code Main Module Declare Sal as real numbers Declare TaxDue as Float Declare BaseTax as Float Declare PctExs as Float Declare ExtSal as Float Display “Please enter the salary amout” Input Sal Call Calculate TaxDue Module Call DisplayTaxDue Module End Main Module CalculateTaxDue Module DueTax = BaseTax + PctExs BaseTax = 0.00 PctExs = .15 If 0.00 ≤ Sal ≤ 1,499.99 Then BaseTax = 0.00 PctExs = (Sal – 0.00) * .15 End If If 1,500.00 ≤ Sal ≤ 2,999.99 Then BaseTax = 225.00 PctExs = (Sal – 1,500.00) * .16 End If If 3,000.00 ≤ Sal ≤ 4,999.99 Then BaseTax = 465.00 PctExs = (Sal – 3,000.00) * .18 End If If 5,000.00 ≤ Sal ≤ 7,999.99 Then BaseTax = 825.00 PctExs = (Sal – 5,000.00) * .20 End If
Bridgeton Industries Question 1: The overhead allocation rate used in the 1987 model-year strategy study at the Automotive Component & Fabrication Plant (ACF) was 435% of direct labor dollar cost. Calculate the overhead allocation rate using the 1987 model year budget. Calculate the overhead allocation rate for each of the model years 1988 through 1990. Are the changes since 1987 in overhead allocation rates significant? Why have these changes occurred?
Question a. List the names, in alphabetic order, of the suppliers located in London, Liverpool, and Manchester, UK. Answer a. SELECT SUPPLIERNAME FROM SUPPLIER WHERE IN CITY (‘London’, ‘Liverpool’, ‘Manchester’) AND COUNTRY = ‘UK’; ORDER BY SUPPLIERNAME Question b. List the names of the suppliers that supply motors (see PARTTYPE) costing between $50 and $100.
years. | | The step-by-step calculation is: P | = | S(1 + rt)-1 | | | = | 400,000(1 + 0.0892 x 0.24657534...)-1 | | | = | 400,000 x 0.97847883... | | | = | $391,391.53 | Rounded as last step | b)You are correct. When the first bill matures at time 90 days, the investor purchases a second bill. We must find the purchase price of the second bill. This can be displayed on a time line: | | | | | $P | $400,000 | | | | | | 0 | 90 | 180 | 270 | | | | | | | | | P | = | price | = | unknown | | S | = | Maturity value | = | $400,000 | | r | = | Simple interest rate (decimal) | = | 9.16 | 100 | | = | 0.0916 | | t | = | Time period (years) | = | 90 | 365 | | = | 0.24657534... years.
Prepare contributions margins in part (1) with all revisions included. 3. For the original estimates, compute each of the following: (a) Break-even point for the given sales mix. (b) Margin of safety for the estimated sales volume. 3 Part A and B (Original Estimates) | Comp Paper | Napkins | Place mats | Poster Board | Total | Volume | 30000 | 120000 | 45000 | 80000 | | Selling price | 14 | 7 | 12 | 8.5 | | Material cost | 6 | 4.5 | 3.6 | 2.5 | | Units per hour | 6 | 10 | 5 | 4 | | Variable overheads | 9 | 6 | 12 | 8 | | Variable overheads per unit | 1.5 | 0.6 | 2.4 | 2 | | | | | | | | Sales (Volume*Selling Price) | 420000 | 840000 | 540000 | 680000 | 2480000 | Material cost | 180000 | 540000 | 162000
5) Information about Clearwater Company's direct materials cost follows: Standard price per materials ounce $ 100 Actual quantity used 8,700 grams Standard quantity allowed for production 9,100 grams Price variance $ 76,125 F ________________________________________ Required: What was the actual purchase price per gram? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Actual purchase price $ 91.25 Total grade: 0.0×1/1 = 0% Feedback: Actual Costs = AP × 8,700 Actual Inputs at Standard Price = $100 × 8,700 =$870,000 Price Variance = $76,125 F 8,700 × AP = $870,000 – $76,125 AP = $91.25 ________________________________________ Question 3: Score
CIVL 394 Earthworks Report Rhys Horsley - 3670946 William Tapia – 3638960 Daniel Roy – 3882810 Scott Papworth – 3457916 September 21st 2012 List of Tables Table 1: Scrapers Required for Scenario 1 7 Table 2: Dozer Types 7 Table 3: Hire Rates for Scenario 1 8 Table 4: Excavator summary for Scenario 2 10 Table 5: Dump Truck Specifications 11 Table 6: Hire Rates for Scenario 2 12 Table 7: Hire Rates for Scenario 3 14 Table 8: Dozer Production 15 Table 9: Loader Production Rates 16 Table 10: Hire Rates for Scenario 4 17 Table 11: Roller Production and Cost 18 List of Figures Figure 1: Table 4-7 from Construction Methods and Management - S.W. Nunnally 6 Figure 2: Table 4-8 from Construction Methods and Management - S.W. Nunnally 8 Figure 3: Cat dump truck travel speeds 11 Figure 4: Komatsu Dump truck travel speeds 11 Figure 5: Table 4-5 from Construction Methods and Management - S.W. Nunnally 15 Figure 6: Table 4-4 from Construction Methods and Management - S.W. Nunnally 15 Figure 7: Table 4-6 from Construction Methods and Management - S.W.