The following figures are taken from Ethaniel Company's financial statements for the calendar years 200B and 200A:
| 200B | 200A | |
| Total Assets | $900,000 | $750,000 |
| Long-term debt (12% interest rate) | 125,000 | |
| 8% Preferred stocks, $100 par value | 225,000 | 225,000 |
| Total Stockholders' equity | 600,000 | 550,000 |
| Net Income (after tax of 30%) | 70,000 | 550,000 |
What is the return on average total assets?
In: Accounting
A firm applied factory overhead of $2 per unit to manufacture each inventory unit. They expected to make 10 units of inventory but made 12 units. The total cost of factory overhead was $21 for the period. The total factory overhead variance was
Select one:
a. $3 Favorable.
b. $1 Favorable.
c. $1 Unfavorable.
d. $3 Unfavorable
In: Accounting
What is a firm's total asset turnover, If its fixed assets are 120,000 current assets are 30,000 current liabilities are 44,000 sales were 200,000 and net income was 75,000.
In: Accounting
HW Measuring Total Output & Income
A B
GDP
($millions) 1000000 1050400 250000 288000
population
(millions) 20 20.2 50 60
GDP/pop
($thousands) 50,000__ 52,000__ 5,000
__ 4,800
__
Economy A is a developed economy while B is a developing economy.
Both are observed above at two points in
time.
1)Which economy is bigger? A
2)Which economy grew? (both, neither, A, B)
Both
3)Which economy added more output?
4)Which economy had greater percentage growth?
5)Which has more people? B
6)Which population grew? (both, neither, A, B) Both grew
but B grew more (50 to 60)
7)Which population had greater percentage growth?
8)Which had GDP per capita growth? (both, neither, A,
B) A
9)Which had more per capita? A
In: Economics
describe the total lung capacity columes
In: Anatomy and Physiology
Changes in the economy have determined that for the EZ shipping company, a surcharge will be assessed on all packages that meet certain criteria. The surcharge is a function of the characteristics of the package and the zip code to which it is sent.
1. The regular charges for shipping are calculated as
follows:
For all weights five pounds and under, the
shipping cost is $12.00.
For weights over five pounds, the charge
is calculated as follows:
If length * width * height + weight is:
greater than 5 and less than or equal to 15, the shipping cost is 14.00
greater than 15 and less than or equal to 34, the shipping cost is 17.00
greater than 34 and less than or equal to 45, the shipping cost is 21.00
greater than 45 and less than or equal to 60, the shipping cost is 33.00
greater than 60, the shipping cost is 105.00
2. The additional charges are calculated as follows:
If the first digit of the zip code is a "4" then there is an additional surcharge of 5% on the shipping cost.
If the first digit of the zip code is a "6" then there is an additional surcharge of 9% on the shipping cost.
For all other zip codes there is an additional surcharge of 14% on the shipping cost.
3. Finally, if the zip code is even, then there is an additional surcharge of 2% of the shipping
cost.
Write a program that allows the user to input (in this order) the zip code, weight, length, width and height of the package then prints out the following:
The zip code and dimensions of the package
The shipping cost
The surcharge
The total shipping cost (shipping cost plus surcharge(s))
I have written out the code and have been able to get it to run but when I added in the 2% for even numbers portion of my code every thing went weird with my outputs. Every thing still compiles and works but I am not recieving the outputs I desire. Any help remedying this would be greatly appreciated.
import java.util.Scanner;
//allows use of scanner for keyboard inputs
public class Shipping
// Class titling
{
public static void main(String[] args)
{
{
int zip;
double weight;
double length;
double width;
double height;
double surcharge;
double surcharge2;
double shippingCost;
//Variables that will need defining for the shipping
process
Scanner keyboard = new Scanner(System.in);
System.out.println("Hello, Welcome to EZ Shipping services! \n
Please input the important details of your shipment when
prompted");
System.out.println("What is the weight of your package? ");
weight = keyboard.nextDouble();
System.out.println("What is the length of your package? ");
length = keyboard.nextDouble();
System.out.println("What is the width of your package? ");
width = keyboard.nextDouble();
System.out.println("What is the height of youre package? ");
height = keyboard.nextDouble();
//Print outs for package detail inputs
double packages=length*width*height+weight;
//Package variables combined and stored
{
shippingCost = 12;
//Stock sipping cost 12$
}
if (weight >5)
{
if (packages >=5.1 || packages <= 15)
{
shippingCost= 14;
// if the package weight is above 5 but less than 15 the cost is
increased to 14$
}
else if (packages >= 15.1 || packages <= 34 )
{
shippingCost= 17;
// if the package weight is above 15 but less than 34 the cost is
increased to 17$
}
else if (packages >= 34.1 || packages <= 45)
{
shippingCost= 21;
// if the package weight is above 34 but less than 45 the cost is
increased to 21$
}
else if (packages >= 45.1|| packages <= 60)
{
shippingCost= 33;
// if the package weight is above 45 but less than 60 the cost is
increased to 33$
}
else if (packages > 60)
{
shippingCost= 105;
// if the package weight is above 60 cost is increased to a flat
105$
}
}
System.out.println("What is your zip code? ");
zip = keyboard.nextInt();
if(zip == 4)
{
surcharge = shippingCost*0.05;
// if the zip code starts with a 4 a 5% surcharge is added
}
else if(zip == 6)
{
surcharge = shippingCost*0.09;
// if the zip code starts with a 6 a 9% surcharge is added
}
else
{
surcharge = shippingCost*0.14;
// all other zip codes have a 14% surcharge added
}
{
if (zip % 2 == 0 );
surcharge2 = shippingCost*.02;
// calculation for if package is even zip code or not, if even add
surcharge of 2%
}
double cost = shippingCost + surcharge + surcharge2;
// calculation for cost
double total;
total = shippingCost + surcharge + surcharge2 + packages;
// calculation for total
System.out.print("The Shipping Cost $"+ cost);
System.out.print(" Total with charges $"+ total);
// Final read out
}
}
}
In: Computer Science
1.)The monopolistically competitive firm faces a perfectly elastic demand curve.
True
False
2.)A local store noticed that when it increased the price of milk from $2.50 to $3.50 it sold exactly the same amount. Which statement below best describes what that means?
| A. |
Demand is perfectly elastic. |
|
| B. |
Demand is relatively inelastic. |
|
| C. |
Demand is unitary elastic. |
|
| D. |
The law of demand is irrelevant. |
|
| E. |
The demand is perfectly inelastic. |
3.)The increase in total cost from one more unit of output is ____.
| A. |
total variable cost |
|
| B. |
marginal fixed cost |
|
| C. |
marginal variable cost |
|
| D. |
marginal cost |
4.)When MR and MC intersect in two places, the profit-maximizing output will be the one from which MC crosses MR from below.
True
False
5.)For a perfectly competitive firm, the marginal revenue curve _____.
| A. |
is horizontal |
|
| B. |
is vertical |
|
| C. |
is same as demand curve |
|
| D. |
lies above demand curve |
|
| E. |
lies below demand curve |
In: Economics
Salatic Co has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on direct labor costs. The president has heard of activity-based costing system and wants to see how the results would differ if this system were used. Two activity cost pools were developed: machining and machine setup. Presented below is information related to the company's operations: Standard Custom Total Direct labor costs $340,000 $204,000 $544,000 Machine hours 17,000 25,500 42,500 Setup hours 850 680 1,530 Total estimated overhead costs $380,800 Overhead cost allocated to machining cost pool $272,000 Overhead cost allocated to setup cost pool $108,800
Requirement: 1 Compute overhead costs allocated to each product using traditional (plantwide) approach
2 Compute overhead costs allocated to each product using ABC approach
3 Determine the difference and comment on the results.
In: Accounting
| Salatic Co has two types of handbags: standard and custom. The controller has decided to use | ||||||||
| a plantwide overhead rate based on direct labor costs. The president has heard of activity-based | ||||||||
| costing system and wants to see how the results would differ if this system were used. Two | ||||||||
| activity cost pools were developed: machining and machine setup. Presented below | ||||||||
| is information related to the company's operations: | ||||||||
| Standard | Custom | Total | ||||||
| Direct labor costs | $ 420,000 | $ 252,000 | $ 672,000 | |||||
| Machine hours | 21,000 | 31,500 | 52,500 | |||||
| Setup hours | 1,050 | 840 | 1,890 | |||||
| Total estimated overhead costs | $ 470,400 | |||||||
| Overhead cost allocated to machining cost pool | $ 336,000 | |||||||
| Overhead cost allocated to setup cost pool | $ 134,400 | |||||||
| Requirement: | ||||||||
| 1 | Compute overhead costs allocated to each product using traditional (plantwide) approach | |||||||
| 2 | Compute overhead costs allocated to each product using ABC approach | |||||||
| 3 | Determine the difference and comment on the results. | |||||||
In: Accounting
The following cost data relate to the manufacturing activities of Black Company during the just-completed year:
| Manufacturing overhead costs: | |||
| Property taxes, factory | $ | 4,200 | |
| Utilities, factory | 6,800 | ||
| Indirect labour | 12,400 | ||
| Depreciation, factory | 27,000 | ||
| Insurance, factory | 8,400 | ||
| Total actual manufacturing overhead costs | $ | 58,800 | |
| Other costs incurred: | |||
| Purchases of raw materials. | $ | 38,000 | |
| Direct labour cost | $ | 48,400 | |
| Inventories: | |||
| Raw materials, beginning | $ | 10,400 | |
| Raw materials, ending | $ | 8,200 | |
| Work in process, beginning | $ | 7,800 | |
| Work in process, ending | $ | 9,900 | |
The company uses a predetermined overhead rate to apply overhead cost to production. The rate for the year was $6 per machine-hour; a total of 10,000 machine-hours were recorded for the year. All raw materials ultimately become direct materials—none are classified as indirect materials.
Required:
1. Compute the amount of underapplied or overapplied overhead cost for the year.
2. Prepare a schedule of cost of goods manufactured for the year.
In: Accounting