how swot analysis, time value of money, forecasting, and investing in stocks have an impact to an individual. explain each how it influence an individual.
In: Finance
Identify age-related changes that you see in an individual (family member or client/patient) and describe the impact these changes have had on the individual.
In: Nursing
Is the individual mandate important in controlling health care costs? What would you expect to happen if the individual mandate were removed? Explain.
In: Economics
4- Measured in current US dollars China’s GDP is smaller than that of the US; but the total investment expenditures in China, measured in US dollars, is much higher in China. Why is that?
In: Economics
Tami Tyler opened Tami’s Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler’s personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Tami’s Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (22,000 units) $ 798,600 Variable expenses: Variable cost of goods sold $ 259,600 Variable selling and administrative 173,800 433,400 Contribution margin 365,200 Fixed expenses: Fixed manufacturing overhead 205,000 Fixed selling and administrative 221,000 426,000 Net operating loss $ ( 60,800) Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product—a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: Units produced 25,000 Units sold 22,000 Variable costs per unit: Direct materials $ 7.10 Direct labor $ 2.90 Variable manufacturing overhead $ 1.80 Variable selling and administrative $ 7.90 Required: 1. Complete the following: a. Compute the unit product cost under absorption costing. b. What is the company’s absorption costing net operating income (loss) for the quarter? c. Reconcile the variable and absorption costing net operating income (loss) figures. 3. During the second quarter of operations, the company again produced 25,000 units but sold 28,000 units. (Assume no change in total fixed costs.) a. What is the company’s variable costing net operating income (loss) for the second quarter? b. What is the company’s absorption costing net operating income (loss) for the second quarter? c. Reconcile the variable costing and absorption costing net operating incomes for the second quarter.
In: Accounting
Tami Tyler opened Tami’s Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler’s personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University.
|
Tami’s Creations, Inc. Income Statement For the Quarter Ended March 31 |
||||||
| Sales (28,450 units) | $ | 1,138,000 | ||||
| Variable expenses: | ||||||
| Variable cost of goods sold | $ | 463,735 | ||||
| Variable selling and administrative | 196,305 | 660,040 | ||||
| Contribution margin | 477,960 | |||||
| Fixed expenses: | ||||||
| Fixed manufacturing overhead | 267,600 | |||||
| Fixed selling and administrative | 230,360 | 497,960 | ||||
| Net operating loss | $ | ( 20,000) | ||||
Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter.
At this point, Ms. Tyler is manufacturing only one product—a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow:
| Units produced | 33,450 | |||
| Units sold | 28,450 | |||
| Variable costs per unit: | ||||
| Direct materials | $ | 7.40 | ||
| Direct labor | $ | 6.90 | ||
| Variable manufacturing overhead | $ | 2.00 | ||
| Variable selling and administrative | $ | 6.90 | ||
Required:
1. Complete the following:
a. Compute the unit product cost under absorption costing.
b. What is the company’s absorption costing net operating income (loss) for the quarter?
c. Reconcile the variable and absorption costing net operating income (loss) figures.
3. During the second quarter of operations, the company again produced 33,450 units but sold 38,450 units. (Assume no change in total fixed costs.)
a. What is the company’s variable costing net operating income (loss) for the second quarter?
b. What is the company’s absorption costing net operating income (loss) for the second quarter?
c. Reconcile the variable costing and absorption costing net operating incomes for the second quarter.
In: Accounting
Tami Tyler opened Tami’s Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler’s personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Tami’s Creations, Inc. Income Statement For the Quarter Ended March 31
Sales (28,600 units) $ 1,144,000
Variable expenses:
Variable cost of goods sold $ 420,420
Variable selling and administrative 198,770 619,190 Contribution margin 524,810
Fixed expenses:
Fixed manufacturing overhead 274,920
Fixed selling and administrative 262,940 537,860
Net operating loss $ ( 13,050)
Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product—a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow:
Units produced 31,600
Units sold 28,600
Variable costs per unit:
Direct materials $ 7.20
Direct labor $ 5.70
Variable manufacturing overhead $ 1.80
Variable selling and administrative $ 6.95
Required:
1. Complete the following:
a. Compute the unit product cost under absorption costing.
b. What is the company’s absorption costing net operating income (loss) for the quarter?
c. Reconcile the variable and absorption costing net operating income (loss) figures.
3. During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. (Assume no change in total fixed costs.)
a. What is the company’s variable costing net operating income (loss) for the second quarter?
b. What is the company’s absorption costing net operating income (loss) for the second quarter?
c. Reconcile the variable costing and absorption costing net operating incomes for the second quarter.
In: Accounting
Tami Tyler opened Tami’s Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler’s personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University.
|
Tami’s Creations, Inc. Income Statement For the Quarter Ended March 31 |
||||||
| Sales (29,000 units) | $ | 1,160,000 | ||||
| Variable expenses: | ||||||
| Variable cost of goods sold | $ | 490,100 | ||||
| Variable selling and administrative | 197,200 | 687,300 | ||||
| Contribution margin | 472,700 | |||||
| Fixed expenses: | ||||||
| Fixed manufacturing overhead | 256,000 | |||||
| Fixed selling and administrative | 228,700 | 484,700 | ||||
| Net operating loss | $ | ( 12,000) | ||||
Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter.
At this point, Ms. Tyler is manufacturing only one product—a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow:
| Units produced | 32,000 | |||
| Units sold | 29,000 | |||
| Variable costs per unit: | ||||
| Direct materials | $ | 7.40 | ||
| Direct labor | $ | 7.60 | ||
| Variable manufacturing overhead | $ | 1.90 | ||
| Variable selling and administrative | $ | 6.80 | ||
Required:
1. Complete the following:
a. Compute the unit product cost under absorption costing.
b. What is the company’s absorption costing net operating income (loss) for the quarter?
c. Reconcile the variable and absorption costing net operating income (loss) figures.
3. During the second quarter of operations, the company again produced 32,000 units but sold 35,000 units. (Assume no change in total fixed costs.)
a. What is the company’s variable costing net operating income (loss) for the second quarter?
b. What is the company’s absorption costing net operating income (loss) for the second quarter?
c. Reconcile the variable costing and absorption costing net operating incomes for the second quarter.
In: Accounting
Tami Tyler opened Tami’s Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler’s personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University.
|
Tami’s Creations, Inc. Income Statement For the Quarter Ended March 31 |
||||||
| Sales (29,000 units) | $ | 1,160,000 | ||||
| Variable expenses: | ||||||
| Variable cost of goods sold | $ | 490,100 | ||||
| Variable selling and administrative | 197,200 | 687,300 | ||||
| Contribution margin | 472,700 | |||||
| Fixed expenses: | ||||||
| Fixed manufacturing overhead | 256,000 | |||||
| Fixed selling and administrative | 228,700 | 484,700 | ||||
| Net operating loss | $ | ( 12,000) | ||||
Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter.
At this point, Ms. Tyler is manufacturing only one product—a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow:
| Units produced | 32,000 | |||
| Units sold | 29,000 | |||
| Variable costs per unit: | ||||
| Direct materials | $ | 7.40 | ||
| Direct labor | $ | 7.60 | ||
| Variable manufacturing overhead | $ | 1.90 | ||
| Variable selling and administrative | $ | 6.80 | ||
Required:
1. Complete the following:
a. Compute the unit product cost under absorption costing.
b. What is the company’s absorption costing net operating income (loss) for the quarter?
c. Reconcile the variable and absorption costing net operating income (loss) figures.
3. During the second quarter of operations, the company again produced 32,000 units but sold 35,000 units. (Assume no change in total fixed costs.)
a. What is the company’s variable costing net operating income (loss) for the second quarter?
b. What is the company’s absorption costing net operating income (loss) for the second quarter?
c. Reconcile the variable costing and absorption costing net operating incomes for the second quarter.
In: Accounting
Tami Tyler opened Tami’s Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler’s personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University.
|
Tami’s Creations, Inc. Income Statement For the Quarter Ended March 31 |
||||||
| Sales (22,000 units) | $ | 798,600 | ||||
| Variable expenses: | ||||||
| Variable cost of goods sold | $ | 261,800 | ||||
| Variable selling and administrative | 176,000 | 437,800 | ||||
| Contribution margin | 360,800 | |||||
| Fixed expenses: | ||||||
| Fixed manufacturing overhead | 210,000 | |||||
| Fixed selling and administrative | 216,000 | 426,000 | ||||
| Net operating loss | $ | ( 65,200) | ||||
Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter.
At this point, Ms. Tyler is manufacturing only one product—a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow:
| Units produced | 25,000 | |||
| Units sold | 22,000 | |||
| Variable costs per unit: | ||||
| Direct materials | $ | 7.20 | ||
| Direct labor | $ | 2.70 | ||
| Variable manufacturing overhead | $ | 2.00 | ||
| Variable selling and administrative | $ | 8.00 | ||
Required:
1. Complete the following:
a. Compute the unit product cost under absorption costing.
b. What is the company’s absorption costing net operating income (loss) for the quarter?
c. Reconcile the variable and absorption costing net operating income (loss) figures.
3. During the second quarter of operations, the company again produced 25,000 units but sold 28,000 units. (Assume no change in total fixed costs.)
a. What is the company’s variable costing net operating income (loss) for the second quarter?
b. What is the company’s absorption costing net operating income (loss) for the second quarter?
c. Reconcile the variable costing and absorption costing net operating incomes for the second quarter.
In: Accounting