Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
| Beginning work in process inventory: | |||
| Units in beginning work in process inventory | 1,400 | ||
| Materials costs | $ | 7,800 | |
| Conversion costs | $ | 3,100 | |
| Percent complete with respect to materials | 55 | % | |
| Percent complete with respect to conversion | 25 | % | |
| Units started into production during the month | 7,300 | ||
| Units transferred to the next department during the month | 6,500 | ||
| Materials costs added during the month | $ | 110,900 | |
| Conversion costs added during the month | $ | 84,000 | |
| Ending work in process inventory: | |||
| Units in ending work in process inventory | 2,200 | ||
| Percent complete with respect to materials | 70 | % | |
| Percent complete with respect to conversion | 55 | % | |
The total cost transferred from the first processing department to the next processing department during the month is closest to:
Multiple Choice
$195,408
$186,108
$169,397
$211,098
In: Accounting
Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
| Beginning work in process inventory: | |||
| Units in beginning work in process inventory | 2,000 | ||
| Materials costs | $ | 8,400 | |
| Conversion costs | $ | 3,700 | |
| Percent complete with respect to materials | 55 | % | |
| Percent complete with respect to conversion | 25 | % | |
| Units started into production during the month | 7,900 | ||
| Units transferred to the next department during the month | 7,100 | ||
| Materials costs added during the month | $ | 111,500 | |
| Conversion costs added during the month | $ | 84,600 | |
| Ending work in process inventory: | |||
| Units in ending work in process inventory | 2,800 | ||
| Percent complete with respect to materials | 70 | % | |
| Percent complete with respect to conversion | 55 | % | |
The cost of ending work in process inventory in the first processing department according to the company’s cost system is closest to: (Round your intermediate calculations to 3 decimal places.)
In: Accounting
Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
| Beginning work in process inventory: | |||
| Units in beginning work in process inventory | 1,400 | ||
| Materials costs | $ | 13,500 | |
| Conversion costs | $ | 5,600 | |
| Percent complete with respect to materials | 75 | % | |
| Percent complete with respect to conversion | 20 | % | |
| Units started into production during the month | 10,100 | ||
| Units transferred to the next department during the month | 9,000 | ||
| Materials costs added during the month | $ | 172,600 | |
| Conversion costs added during the month | $ | 242,600 | |
| Ending work in process inventory: | |||
| Units in ending work in process inventory | 2,500 | ||
| Percent complete with respect to materials | 90 | % | |
| Percent complete with respect to conversion | 30 | % | |
The cost per equivalent unit for materials for the month in the first processing department is closest to:
Multiple Choice
$14.78
$15.09
$16.03
$16.54
In: Accounting
Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
| Beginning work in process inventory: | |||
| Units in beginning work in process inventory | 2,400 | ||
| Materials costs | $ | 8,800 | |
| Conversion costs | $ | 4,100 | |
| Percent complete with respect to materials | 55 | % | |
| Percent complete with respect to conversion | 25 | % | |
| Units started into production during the month | 8,300 | ||
| Units transferred to the next department during the month | 7,500 | ||
| Materials costs added during the month | $ | 111,900 | |
| Conversion costs added during the month | $ | 85,000 | |
| Ending work in process inventory: | |||
| Units in ending work in process inventory | 3,200 | ||
| Percent complete with respect to materials | 70 | % | |
| Percent complete with respect to conversion | 55 | % | |
The total cost transferred from the first processing department to the next processing department during the month is closest to:
Multiple Choice
$186,418
$177,118
$165,105
$202,108
In: Accounting
|
Dinklage Corp. has 6 million shares of common stock outstanding. The current share price is $72, and the book value per share is $9. The company also has two bond issues outstanding. The first bond issue has a face value of $85 million, a coupon rate of 5 percent, and sells for 97 percent of par. The second issue has a face value of $70 million, a coupon rate of 4 percent, and sells for 109 percent of par. The first issue matures in 21 years, the second in 8 years. |
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Suppose the most recent dividend was $4.40 and the dividend growth rate is 4.7 percent. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 23 percent. What is the company’s WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
In: Finance
Suppose that we are interested in learning about the level of fan support for the UNCG women's basketball team. We are considering different sampling strategies for choosing a sample of individuals to survey. From the following list select which strategies will most likely lead to an unbiased estimate of the overall fan support.
Group of answer choices
1. Survey the first 300 fans to arrive at the game.
2. Assume that the tickets are numbered on both ends with the same number. As the fans come in the door, we tear the ticket and place one half in a hat and once the game has started, we draw out 50 tickets at random and survey the holders of those tickets.
3. Select 500 fans who are wearing Blue and Gold
4. Survey the first 200 fans to leave the game.
5. Using a random number generator chose a sample of 100 fans from a list of ticket holders.
In: Statistics and Probability
Dinklage Corp. has 7 million shares of common stock outstanding. The current share price is $79, and the book value per share is $10. The company also has two bond issues outstanding. The first bond issue has a face value of $120 million, a coupon rate of 4 percent, and sells for 92 percent of par. The second issue has a face value of $105 million, a coupon rate of 3 percent, and sells for 104 percent of par. The first issue matures in 22 years, the second in 7 years. Suppose the most recent dividend was $4.75 and the dividend growth rate is 5.2 percent. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 25 percent. What is the company’s WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
In: Finance
Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
| Beginning work in process inventory: | |||
| Units in beginning work in process inventory | 2,000 | ||
| Materials costs | $ | 14,100 | |
| Conversion costs | $ | 6,200 | |
| Percent complete with respect to materials | 75 | % | |
| Percent complete with respect to conversion | 20 | % | |
| Units started into production during the month | 10,700 | ||
| Units transferred to the next department during the month | 9,600 | ||
| Materials costs added during the month | $ | 173,200 | |
| Conversion costs added during the month | $ | 243,200 | |
| Ending work in process inventory: | |||
| Units in ending work in process inventory | 3,100 | ||
| Percent complete with respect to materials | 90 | % | |
| Percent complete with respect to conversion | 30 | % | |
The cost per equivalent unit for materials for the month in the first processing department is closest to:
Multiple Choice
$13.17
$14.11
$12.86
$15.12
In: Accounting
Dinklage Corp. has 9 million shares of common stock outstanding. The current share price is $81, and the book value per share is $7. The company also has two bond issues outstanding. The first bond issue has a face value of $130 million, a coupon rate of 6 percent, and sells for 92 percent of par. The second issue has a face value of $115 million, a coupon rate of 5 percent, and sells for 103 percent of par. The first issue matures in 24 years, the second in 10 years.
Suppose the most recent dividend was $4.85 and the dividend growth rate is 5.2 percent. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 22 percent. What is the company’s WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
In: Finance
Most Major airports have separate lots for long-term and short-term parking. The cost to park depends on the lot you select , and how long you stay. Considering this rate structure on the lot you select, and how long you stay. Consider this rate structure from the Salt Lake International Airport during the summer of 2016.
Long-Term (Economy) Parking
-The First Hour is $2.00, and each additional hour or fraction thereof is $1.00
-Daily maximum $9.00
-Weekly maximum $60
Short Term Parking
-The first 30 minutes are $2.00 and each additional 20 minutes or fraction thereof is $1.00
-Daily maximum $32.00
Write a program using matlab that asks the user the following:
-Which lot are you using?
-How many weeks, hours, days, and minutes did you park? Your program should calculate the parking bill.
In: Computer Science