Write a C++ program that asks the user to enter the monthly costs for the following expenses incurred from operating your automobile: loan payment, insurance, gas, oil, tires, and maintenance. The program should then display the total monthly cost of these expenses, and a projected total annual cost of these expenses.
Label each cost. The labels should be left aligned and have a column width of 30 characters. The cost should be aligned right and displayed with two decimal places with a column width of 15.
If the yearly total is greater than 1000 dollars, add 10 percent of the yearly total to the yearly total.
Sample Output:
Loan Payment $ 303.28
Insurance 75.00
Gas 125.00
Oil 45.00
Tires 0.00
Maintenance 15.00
Total $ 563.28
Yearly Total $ 6759.36
10% $ 675.93
Grand Total $ 7435.29
In: Computer Science
11) What is a fixed cost?
12) What is a variable cost?
13) Where does the marginal cost curve intersect the average total cost curve?
14) What will be the impact on the total product of labor curve of an improvement in technology?
15) According to the Law of Diminishing Returns, what happens to total output as more of a variable input is used with fixed resources?
In: Economics
A firm has sold 55,555 bicycles in 2020 that has variable cost of $199.55 for $299.99 each. The company's fixed cost for the year was $3,000,000. Show your work here below. To find Profit, compute the following first.
1. Total Variable Cost (TVC) ______
2. Total Cost (TC) _____
3. Total Revenue (TR) ______
4. Profit = ____
In: Accounting
Company B is a retailer of mobile phones in Australia that works
250 days in a year. The
manager is determining a minimum-cost inventory plan for an
upcoming phone to be
launched in the market. She has collected the following
information:
• Annual demand: 900 phones
• Phone cost: $1,079 each
• Phone RRP: $1,199 each
• Net weight: 163 g each
• Tare weight: 277 g each
• Annual inventory holding cost: 15%
• Cost per order to replenish inventory: $75
• Annual in-transit holding cost: 10%
• Freight rate: $7.50 per kg
• Time to process order for freight: 1 days
• Freight transit time: 3 days
Solve this problem using a non-linear programming (NLP)
model to determine the followings:
a. Economic order quantity for the phone in units and in kg
b. The total cost for purchasing the phones
c. The total cost for ordering
d. The total cost for holding the inventory
e. The total cost for transportation
f. The total cost for holding the phones during transit
g. The total cost for this inventory plan
h. The number of orders
i. Ordering point
j. The profit from this inventory plan
Please explain word and excel calculation
In: Accounting
Company B is a retailer of mobile phones in Australia that works
250 days in a year. The
manager is determining a minimum-cost inventory plan for an
upcoming phone to be
launched in the market. She has collected the following
information:
• Annual demand: 900 phones
• Phone cost: $1,079 each
• Phone RRP: $1,199 each
• Net weight: 163 g each
• Tare weight: 277 g each
• Annual inventory holding cost: 15%
• Cost per order to replenish inventory: $75
• Annual in-transit holding cost: 10%
• Freight rate: $7.50 per kg
• Time to process order for freight: 1 days
• Freight transit time: 3 days
Solve this problem using a non-linear programming (NLP)
model to determine the followings:
a. Economic order quantity for the phone in units and in kg
b. The total cost for purchasing the phones
c. The total cost for ordering
d. The total cost for holding the inventory
e. The total cost for transportation
f. The total cost for holding the phones during transit
g. The total cost for this inventory plan
h. The number of orders
i. Ordering point
j. The profit from this inventory plan
Please explain word and excel calculation
In: Accounting
Lower-of-Cost-or-Market Inventory
On the basis of the following data:
| Commodity |
Inventory |
Unit |
Unit |
|
| AL65 | 42 | $179 | $174 | |
| CA22 | 46 | 89 | 89 | |
| LA98 | 30 | 276 | 295 | |
| SC16 | 11 | 116 | 134 | |
| UT28 | 21 | 213 | 222 |
Determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10.
|
Inventory at the Lower of Cost or Market |
|||
|
Commodity |
Total Cost |
Total Market |
Total Lower of C or M |
|
AL65 |
|||
|
CA22 |
|||
|
LA98 |
|||
|
SC16 |
|||
|
UT28 |
|||
|
TOTAL |
|||
In: Accounting
Lower-of-Cost-or-Market Inventory
On the basis of the following data:
| Commodity |
Inventory |
Unit |
Unit |
|
| AL65 | 27 | $283 | $284 | |
| CA22 | 31 | 185 | 169 | |
| LA98 | 38 | 123 | 125 | |
| SC16 | 10 | 207 | 212 | |
| UT28 | 29 | 80 | 71 |
Determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10.
| Inventory at the Lower of Cost or Market | |||
| Commodity | Total Cost | Total Market | Total Lower of C or M |
| AL65 | $ | $ | $ |
| CA22 | |||
| LA98 | |||
| SC16 | |||
| UT28 | |||
| Total | $ | $ | $ |
In: Accounting
LIFO Perpetual Inventory
The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31 are as follows:
| Date | Transaction | Number of Units |
Per Unit | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Jan. 1 | Inventory | 7,500 | $75.00 | $562,500 | ||||
| 10 | Purchase | 22,500 | 85.00 | 1,912,500 | ||||
| 28 | Sale | 11,250 | 150.00 | 1,687,500 | ||||
| 30 | Sale | 3,750 | 150.00 | 562,500 | ||||
| Feb. 5 | Sale | 1,500 | 150.00 | 225,000 | ||||
| 10 | Purchase | 54,000 | 87.50 | 4,725,000 | ||||
| 16 | Sale | 27,000 | 160.00 | 4,320,000 | ||||
| 28 | Sale | 25,500 | 160.00 | 4,080,000 | ||||
| Mar. 5 | Purchase | 45,000 | 89.50 | 4,027,500 | ||||
| 14 | Sale | 30,000 | 160.00 | 4,800,000 | ||||
| 25 | Purchase | 7,500 | 90.00 | 675,000 | ||||
| 30 | Sale | 26,250 | 160.00 | 4,200,000 | ||||
| Midnight Supplies Schedule of Cost of Goods Sold LIFO Method For the Three Months Ended March 31 |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
| Purchases | Cost of Goods Sold | Inventory | |||||||
| Date | Quantity | Unit Cost | Total Cost | Quantity | Unit Cost | Total Cost | Quantity | Unit Cost | Total Cost |
| Jan. 1 | $ | $ | |||||||
| Jan. 10 | $ | $ | |||||||
| Jan. 28 | $ | $ | |||||||
| Jan. 30 | |||||||||
| Feb. 5 | |||||||||
| Feb. 10 | |||||||||
| Feb. 16 | |||||||||
| Feb. 28 | |||||||||
| Mar. 5 | |||||||||
| Mar. 14 | |||||||||
| Mar. 25 | |||||||||
| Mar. 30 | |||||||||
| Mar. 31 | Balances | $ | $ | ||||||
2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period.
| Total sales | $ |
| Total cost of goods sold | $ |
| Gross profit | $ |
3. Determine the ending inventory cost as of
March 31.
$
In: Accounting
Exercise 5A-2 Least-Squares Regression [LO5-11]
Bargain Rental Car offers rental cars in an off-airport location near a major tourist destination in California. Management would like to better understand the variable and fixed portions of it car washing costs. The company operates its own car wash facility in which each rental car that is returned is thoroughly cleaned before being released for rental to another customer. Management believes that the variable portion of its car washing costs relates to the number of rental returns. Accordingly, the following data have been compiled:
| Month | Rental Returns | Car Wash Costs | |||
| January | 2,400 | $ | 10,800 | ||
| February | 2,500 | $ | 13,000 | ||
| March | 2,700 | $ | 11,600 | ||
| April | 3,000 | $ | 14,000 | ||
| May | 3,600 | $ | 16,000 | ||
| June | 5,000 | $ | 22,900 | ||
| July | 5,500 | $ | 22,000 | ||
| August | 5,400 | $ | 21,700 | ||
| September | 4,700 | $ | 22,600 | ||
| October | 3,900 | $ | 20,500 | ||
| November | 2,200 | $ | 10,500 | ||
| December | 2,700 | $ | 13,500 | ||
Exercise 5A-2 Part 2
2. Using least-squares regression, estimate the variable cost per rental return and the monthly fixed cost incurred to wash cars. (Round Fixed cost to the nearest whole dollar amount and the Variable cost per unit to 2 decimal places.)
In: Accounting
Last year, two friends Gear and Nogear invested in residential apartments. Each invested $1m of their own money (their net wealth).
Apartments cost $1m last year and they earned net rents of $30k pa over the last year. Net rents are calculated as rent revenues less the costs of renting such as property maintenance, land tax and council rates. However, interest expense and personal income taxes are not deducted from net rents.
Gear and Nogear funded their purchases in different ways:
Gear used $1m of her own money and borrowed $4m from the bank in the form of an interest-only loan with an interest rate of 5% pa to buy 5 apartments.
Nogear used $1m of his own money to buy one apartment. He has no mortgage loan on his property.
Both Gear and Nogear also work in high-paying jobs and are subject personal marginal tax rates of 45%. Assume that capital gains are taxed at the full 45% personal rate when the asset is sold.
Over the past year, house prices increased by 4%, before subtracting capital gains tax (CGT).
Gear and Nogear both sold their houses and Gear paid back all debt.
Which of the below statements about the past year is NOT correct? Note that m stands for million (10^6) and k stands for kilo (10^3).
Select one:
a. Gear's debt-to-assets ratio one year ago was 80% while Nogear's was zero.
b. Gear's net rent before tax was 150k while Nogear's was 30k.
c. Gear's capital gains before tax were 200k while Nogear's was 40k.
d. Gear's interest expense before tax was 250k while Nogear's was zero.
e. Gear's income and capital gains after tax due to the investment properties (ignoring opportunity costs) was 82.5k while Nogear's was 38.5k.
In: Finance