Lakeside Inc. produces a product that currently sells for $68.40
per unit. Current production costs per unit include direct
materials, $28; direct labor, $30; variable overhead, $14.00; and
fixed overhead, $14.00. Product engineering has determined that
certain production changes could refine the product quality and
functionality. These new production changes would increase material
and labor costs by 20% per unit.
Required:
a. What would be the incremental profit or loss if
Lakeside could sell the refined version of its product for $76 per
unit? (Round your final answer to 2 decimal places. Loss
amounts should be indicated with a minus sign.)
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In: Accounting
3. An increase or decrease in the quantity supplied or demanded represents supply/demand curve; An increase or decrease in supply or demand represents represents supply/demand curve
a movement along a; a shift of the entire
b a change in the slope of a; a new
c a shift of the entire; movement along
d a new; a change in the slope of a
24. At what point would an economy move from inflation to hyperinflation?
a When there is a rapid increase in prices.
b When there is a rapid decline in prices.
c When there is a rapid increase in prices along with changes in buying behavior.
d When there is a rapid decline in prices along with changes in buying behavior.
35. True or False- Time deposits are part of the M1 definition of money.
In: Economics
Lakeside Inc. produces a product that currently sells for $78.00
per unit. Current production costs per unit include direct
materials, $30; direct labor, $32; variable overhead, $15.00; and
fixed overhead, $15.00. Product engineering has determined that
certain production changes could refine the product quality and
functionality. These new production changes would increase material
and labor costs by 20% per unit. Lakeside has received an offer
from a nonprofit organization to buy 10,000 units at $78.00 per
unit. Lakeside currently has unused production capacity.
Required:
a. Calculate the effect on Lakeside's operating
income of accepting the order from the nonprofit organization.
In: Accounting
Explain how the sympathetic nervous system (and endocrine system) act Directly to regulate heart rate and thus cardiac
output. Include a detailed description of the mechanism (include the target cells, the proteins, signaling molecules, ions,
and changes in membrane pontial where appropriate) and explain how the mechanism operates to alter heart rate.
Explain how the parasympathetic nervous system acts to Directly regulate cardiac output (1 mechanism).
Discuss each mechanism separately including a detailed description of each mechanism (include the target cells,
the proteins, signaling molecules, ions, and changes in membrane pontial where appropriate). Make clear how
each affects cardiac output. This should require about half a page.
In: Anatomy and Physiology
At a corporate board meeting, one of the members indicates that the FASB has passed a new accounting update to take effect concerning the nature of lease accounting. As of now the company has leases which are both capital in nature and operating. The company also has several forms of debt with banks. The board member asks you as the Chief Financial Officer to give a 5-10 minute presentation on a summary of changes and how those changes could impact the company.
I am still very confused on this, and my head feels like it's spinning, lol.
I also want to know "the company also has several forms of debt with banks", how would that be affected by this?
Help would be appreciated!
In: Accounting
Interest rate risk is associated with the bonds price variability given a change in the interest rates.
Suppose you have BOND A, which is a 30 year zero coupon bond and BOND B, which is a 5 year 10% coupon bond. If interest rates (YTM) change from 8% to 7% the bonds will increase in value. Suppose BOND A's price changes from $99.38 to 121.71 and the 5 year 10% coupon bond price changes from $1079.85 to $1123.01. Which bond has the greatest percentage increase in value? Record the percentage increase in value of the bond with the highest percentage change below. Write the increase as a decimal, so a 5% increase would be written as 0.0500.
In: Finance
Accrual accounting matches revenue with expenses, however accruals can be used to manipulate income and expenses. In the Forbes Magazine article, “Cash Doesn’t Lie,” written by Daniel Fisher, the author discusses the use of negative accruals, changes to estimates and recognizing income before it is earned. Read the article and then:
a. Discuss the use of each of these three techniques and their
effect on current and future earnings reporting.
b. How should changes of accounting estimates that significantly
affect income be reported? Should they be regarded as a change in
accounting principle?
c. Research revenue recognition and discuss the accounting rules
violated that brought down the company Sunbeam.
PLEASE PROVIDE NEW DETAIL ANSWERS TO EACH QUESTION AND PLEASE NO HAND WRITTEN ANSWERS.
In: Accounting
FASB has develop new accounting standards for accounting for leases. These new standards are not covered in your text book. Research the new FASB Lease Accounting Standards and answer the following questions:
1. Why did FASB develop new lease accounting standards?
2. How will accounting for leases change under these new standards?
3. When will the new standards take effect?
4. How will the changes effect companies who lease assets/
5. Based on your reading and research do you think companies are prepared for these changes?
Submit a paper containing your answers and observations concerning these questions and suggestions you would make to companies who are preparing to implement the new standards.
In: Accounting
Using the following information to answer the following questions?
Both Bond A and Bond B have 8 percent coupons, make semiannual payments, and are priced at par value. Bond A has 3 years to maturity, whereas Bond B has 20 years to maturity.
a. If interest rates suddenly rise by 2 percent annually (to 10% annually right now), what would be the percentage changes in the prices of Bond A and Bond B?
b. If rates were to suddenly drop by 2 percent instead (to 6% right now), what would be the percentage changes in the prices of Bond A and Bond B?
c. What does this problem tell you about the interest rate risk of long-term bonds?
In: Finance
Using the following information to answer the following questions?
Both Bond A and Bond B have 8 percent coupons, make semiannual payments, and are priced at par value. Bond A has 3 years to maturity, whereas Bond B has 20 years to maturity.
a. If interest rates suddenly rise by 2 percent annually (to 10% annually right now), what would be the percentage changes in the prices of Bond A and Bond B?
b. If rates were to suddenly drop by 2 percent instead (to 6% right now), what would be the percentage changes in the prices of Bond A and Bond B?
c. What does this problem tell you about the interest rate risk of long-term bonds?
In: Finance