Multiple Choice O O $5,600 O $7,000 O $3,500 $5,120
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In Double declining method there is depreciation rate that is double that of straight line depreciation rate and there is more depreciation during the initial years and decreases in later years.
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- e.com/courses/31939/quizzes/265081 The same scenario will be used for questions 1-10. Keith Shoe Stores carries a basic black dress shoe for men that sells at an annual demand of 2000 pairs. Keith's current buying policy is to order 500 pairs each time an order is placed. An order costs Keith $30 to place. The annual carrying cost for each pair over a one year period is 20% of the price of a pair that Keith pays. At the order quantity of 500 pairs, Keith pays the lowest possible unit price of $28 per pair that the supplier could offer. Other quantity discounts offered by the supplier are given in the following table. Order Quantity Unit Price F3 Up to 199 $32 200 up to 299 $30 DI 300 and more $28 다☆ If Keith is willing to pay a unit price of $32.00, determine the total, including the purchase, carrying and ordering, cost 64920.00 L W X F4 *- F5 *+ F6 F7 % 6 95 $ 54 口 67°F + F8 F9 F10 F11 & 87 * 7 8 9 0Supler Corporation produces a part used in the manufacture of one of its products. The unit product cost is $21, computed as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit product cost $ 6 8 2 5 $21 An outside supplier has offered to provide the annual requirement of 7,200 of the parts for only $13 each. The company estimates that 60% of the fixed manufacturing overhead cost above could be eliminated if the parts are purchased from the outside supplier. Assume that direct labor is an avoidable cost in this decision. Based on these data, the financial advantage (disadvantage) of purchasing the parts from the outside supplier would be:I need help with questions 1 and 2 please
- 31 Landor Appliance Corporation makes and sells electric fans. Each fan regularly sells for $42. The following cost data per fan is based on a full capacity of 150,000 fans produced each period. Direct materials Direct labor Manufacturing overhead (70% variable and 30% unavoidable fixed) A special order has been received by Landor for a sale of 25,000 fans to an overseas customer. The only selling costs that would be incurred on this order would be $4 per fan for shipping. Landor is now selling 120,000 fans through regular channels each period. Assume that direct labor is an avoidable cost in this decision. What should Landor use as a minimum selling price per fan in negotiating a price for this special order? Multiple Choice $211 per fan 58 $9 $ 10 $27 per fan+ ent will A buyer bought a new home for $230,000. The lender agreed to loan the buyer $200,000 at 3%% interest with six point discount. What approximate yield will this provide the lender? a. 3.75% | b. 4.00% C 4.25% d. 4.50% Correct AnswerQ36
- T R E # 3 %24 Question 15 You want to be able to withdraw $35,000 from your account each year for 25 years after you retire. You expect to retire in 15 years. If your account earns 6% interest, how much will you need to deposit each year until retirement to achieve your retirement goals? Question Help: D Video Submit Question MacBook Ai DD 08 F3 F8 F4 F5 F2 & $ 4 % %23 2 9 Mments deo Policies ources ct Question 3 You want to purchase a home costing $150,000; the mortgage interest rate is 4% for a 30 year mortgage. How much interest would you pay over the life of the loan? $116.373.76 $110,383.88 O$97,384.27 5 pts $107,803.20Dallavalle Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable costs per unit: Direct materials $ 93 Fixed costs per year: $ 320,000 $2,144,000 $1,364,000 Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 32,000 units and sold 31,000 units. The company's only product is sold for $238 per unit. Assume that the company uses an absorption costing system that assigns $10 of direct labor cost and $67 of fixed manufacturing overhead to each unit that is produced. The unit product cost under this costing system is:
- 6. Find the policy value todayProblem 7-22 Adoption Expenses (LO 77) Carl and Jenny adopt a Korean orphan. The adoption takes 2 years and two trips to Korea and is finalized in 2021. They pay $7,000 in 2020 and $7,500 in 2021 for qualified adoption expenses. In 2021, Carl and Jenny have AGI of $150,000. If required, carry any division out to four decimal places and round final answers to the nearest dollar. Question Content Area a. What is the adoption credit Carl and Jenny can claim in 2021? b. How much credit could they claim if their AGI was $221,660?6