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Question 1 - Johnson corporation is preparing its direct labor budget for may projection for the month are that 30600 units are to be produced and that direct labor time is three hours per unit. If the labor cost per hour is $17, what is the total budgeted direct labor cost for May?
Question 2 - Miller com budgeted sales for April were estimate at $700,000, sales commissions 4 % of sales and the sales manager's salary at $80,000. Shipping expenses were estimated at 1% of sales and miscellaneous selling expenses were estimated at $1000 plus 0.5% of sales. Determine the budgeted selling expense on a flexible budget for April?
Question 3 - Johnson Corp is considering the replacement of a piece of equip with a new model following data old equipment: purchase price $255000 accumulated depreciation $102000 and annual operating costs $335000. New equip: purchase price $416000, Accumulated depreciation $0, and Annual opertating cost $263000. If the old equip is replaced now it can be sold for $68800. Both the old equip remaining useful life and the new equip useful life is 5 yrs. which of the following is irrelevant to the replacement decision?
a) 347200
b) 68800
c) $416000 or
d) 153000
Consider a put option on the ASX200 index. Assume the index currently stands at 5,768. It is expected to increase or decrease by 15% over each of the next two time periods of two months. The risk-free rate is 5.75% and the dividend yield on the index..
There are three important business functions that are performed by the six components of AIS. Describe each of the three business functions and the six components of AIS
during the fourth quarter of 2006 cablevision inc. generated excess cash which the company invested in securities as
Guy makes $250,000 a year. He is paying out a year’s worth of income to may medical expenses for a nonresident alien. If he marries her in 2016 can he deduct expenses incurred and paid in 2016 prior to marriage? He would get her an ITIN and file a jo..
warner company started business on january 1 2011. the following transactions and events occurred in 2011 and 2012. for
The final capital for Paul's business for the year ended 30th June 2005 was $90, 000. During the trading period he made a loss of $5000 and the additional investment of $46, 000 and drawings of $5, 100. Calculate the initial capital.
Illustrate what does Inventory levels need to be maintained at 10% of the next months’ cost of goods sold. The gross margin for Spacely is 40%. There was $1,800 of inventory on hand at the end of December.
Considering Genesis Energy’s aggressive growth plan, Sensible Essentials suggested that its client should broaden the scope of financing beyond short-term loans and consider long-term financing options. Determine the cost of debt and equity for Genes..
A contractor is considering the following three alternatives:
an enterprise that holds a variable interest in variable interest entity is required to consolidate assets liabilities
Day Inc. has 4,363 shares of 7%, $100 par value, cumulative preferred stock and 80,023 shares of $1 par value common stock outstanding at December 31, 2014. What is the annual dividend on the preferred stock?
Finding the sample size of 95% level confidence - Find the sample size needed
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