Fundementals Of Cost Accounting Seventh Edition-McGraw Hill- ACCT521 CH 15 QUESTIONS Week 7

“As soon as the customer places an Order, it is received by the Sales department and a Sales Order is created. The Sales Order is sent to the Finance Department to check if the customer has any outstanding balance for more than 60 days. The AR Clerk at the Finance Department checks and sends the results back to the Sales Department. If there is an outstanding balance for more than 60 days, the Sales Department puts the Order on hold and notifies the customer. Otherwise, the Order Entry Clerk creates an Order Confirmation and sends it to the customer. Simultaneously a Picking List is generated and sent to the Order Fulfilment Department who picks up the next set of process steps. The Order Fulfilment Department receives the Picking List and determines which Warehouse is closest to the Customer location. The Picking List is sent to that Warehouse location. There, the items from the Picking List are picked. An Invoice is generated and printed. The items are packed along with the printed…

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The advantage of break-even analysis is that it offers a quick estimate of how much the firm must sell to break even and how much profit can be made if a higher sales volume is obtained. O True O False

Which of the following is not true in terms of contributing positively to the business model of leasing assets for a lessor?   Select one: a. Often a lessor can sell an asset that is returned at the end of the lease for more than the residual value included in pricing the lease. b. A lessor cannot claim capital cost allowance on assets it leases. c. A lessor who manufactures assets can use leasing as a way to sell its inventory to lessees that otherwise would not be able to afford to purchase the asset from them outright. d. A lessor retains legal ownership of assets it leases which is important in situations where lessees do not honour their lease commitments. e. None of the above.

X1= 29000 X2=5 I need a step by step answer please :)

Cash Receipts Frequency and Present-Value Consequences Assume that you are about tosell property (a vacant parcel of real estate) you own but otherwise have no use for. The net-of-salescommission selling price for the property is $500,000. You are willing to finance this transactionover a 20-year period and have told the buyer that you expect a 12% pretax return on the transaction.The buyer has asked you for a payment schedule under several alternatives.Required1. What will be your periodic cash receipt, to earn a 12% return, if payments are received from the purchaser:a. At the end of each week?b. At the end of each month?c. At the end of each quarter?d. At the end of each year?2. What general conclusion can you draw based on the calculations in requirement 1?

Your boss would like your help on a marketing research project he is conducting on the relationship between the price of juice and the quantity of juice supplied. He hands you the following document: Price of Juice Quantity of Juice Supplied (Dollars per can) (Billions of cans) 0.50 750 0.75 1,000 1.00 1,500 1.25 2,000 Your task is to take this and construct a graphical representation of the data. In doing so, you determine that as the price of juice rises, the quantity of juice supplied increases. This confirms the

All of the following statements concerning shortage costs are true Except: Shortage costs include loss of goodwill, loss of a sale, loss of a customer, loss of profits, and late penalties Shortage costs are difficult or impossible to measure with any accuracy High shortage costs favor small inventories It is the cost of having no items in the inventory when it is needed by customers

The late entrants in the market have opportunity to charge skimming price. True O False

The level of sales at the break-even point is calculated: a. Fixed costs/Unit contribution margin in % b. Variable costs/Fixed costs c. Sales/Gross margin in %

If a buyer is offered the terms of sale of "3/10, net 30" this means that the buyer can receive a 10 percent discount by making full payment within 30 days of the billing date. True or False True False tv 28

4. Astore is currently offering a 60% discount on all items purchased. Your cashier is trying to convince you to open a store credit card and says to you, "In addition to the 60% discount you are receiving for purchasing these items on sale today, you will get an additional 20% off for opening a credit card account. That means you are getting 105% off!" %3D a. What is the mistaken assumption here? b. Why is that assumption incorrect? c. If you did truly have 80% discount, explain what should happen when you go to the counter to buy $500 worth of items? show calculation d. If you got your 60% discount and opened up the card for an additional 20%, what is the actual % discount you would receive? show calculation e. Is it better to apply the 60% discount first or the 20% discount first?_show calculation

please provide explaination as to why the other options are incorrect. thank youuuuuuuu

A purchaser of a $100,000 single-family home for her family refuses to close escrow after making a $10,000 deposit. She is entitled to Group of answer choices $3,000. $7,000. $10,000. nothing

Multiple Choice As the discount rate increases, the present value of a positive cash flow to be received at a particular time in the future: gets closer to zero gets larger without limit stays unchanged gets smaller without limit

You need to replace your dryer. Both a big box store and a local appliance dealer are selling a dryer for the same price. Which of the following alternatives has a relevant benefit? A big box store offers free expedited delivery, making its delivery date the same as a local appliance dealer. The price for a dryer from a local appliance dealer includes a repair warranty on the dryer. Both the local appliance dealer and the big box store offer a free haul away service for your old dryer. Both the local appliance dealer and the big box store offer compatible warranty coverage.

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Which of the following is least likely a violation of Standard VI(B), Priority of Transactions? A Portfolio Manager:   A) trades for her own account before her firm announces a change in a recommendation.   B) trades for her son's trust account, which is not a firm account, on the day after her firm changes its buy/sell recommendation.   C) takes a position for her own outside account in a stock one week after she published a buy recommendation for the stock.

Power O Exponential Logarithmic O Polynomial QUESTION 9 If you try different startinng values for the changing cells and obtain different solutions: you can be confident there is no solution you can keep the best solution you have found and hope that it is indeed optimal O there must be a mistake in your objective function O there must be a mistake in one of your constraints QUESTION 10 In pricing models (i.e., Example 7.1), elasticity of demand is an input with specifies the: sensitivity of price to changes in demand O sensitivity of demand to changes in price range of demand lovol

MODIFIED TRUE or FALSE. Write "T" if the given statement is TRUE, correct and valid. Write "F", if otherwise. If your answer is either "T" or "F" explain, why is it true or false. Cite a theory, use a formula or graph to support your answers. 17. Other factors/determinants such as pests and diseases can affect largely the demand of the people for a specific good or service. 18. Price elasticity of either demand or supply measures the responsiveness of the quantity demanded or quantity supplied by buyers or sellers to changes in its own income 19. A perfectly inelastic demand exhibits a horizontal demand curve and n=∞. 20. A perfectly elastic supply exhibits a vertical supply curve and n=0. 21. In a monopolistic market, there are several suppliers in the market. 22. The given equation Q = 13 -0.25P is an example of a supply equation. 23. The formula to derive the elasticity of either for demand or supply is: O= _ x _ 24. Luxurious goods are considered inferior goods for minimum…

Elastic Goods are sensitive to price change because of its natural element present.A. Sometimes falseB. FalseC. True D. Sometimes true

A store is having a promotion where every item is on sale for 20% off.    This means that the discounted price is ___% of the original price.    You pay sales tax of 6.2% for the discounted price. This means the price with tax is ___% of the discounted price.  Item A has an original price of $83vAfter applying the discount and tax, how much do you pay to purchase Item A? You buy another item as well. Reducing the price to account for the 20% discount, and then adding in the 6.2% tax, you end up paying $79bfor Item B. What was the original price of Item B?

Demand is essential for selling a product and it depends on ability to buy. Select one: a. False. b. True.

Elsa Corporation, a company that manufactures and markets low-end table computers, asked ourfriend Ms. Market Researcher to create the demand curve for its SD 721 model. She conductedsome market research and gave Elsa the demand curve as well as some additional information:350,000 units of SD 721 will sell at a price of $250.(1) What is the point price elasticity if 500,000 units will sell at a price of $200? (2) What is the point price elasticity if 125,000 units will sell at a price of $305?

Given that:  Sales = $300,000,000 Transportation cost = $15,000,000 Warehousing cost = $4,000,000 Inventory carrying cost rate (W) = 30% Cost of goods sold = $95,000,000 Other operating costs = $55,000,000 Average Inventory (AI) = $15,000,000 Accounts receivable = $35,000,000 What is the earning before interest and taxes?  Group of answer choices 75,500,000 205,500,000 150,500,000 126,500,000 46,500,000

When performing sales mix analysis, which one of the following is false: O a. Normally the calculation of the breakeven point for multiproduct is more complicated than that for a single product. O b. The sales mix is usually assumed to be remain the same. Oc. Making changes to the sales mix will likely cause a change in the breakeven point O d. Producing and selling more units of the product with a higher contribution margin would likely decrease the breakeven point O e. Shifting the sales mix to the product with a lower contribution margin will likely ncrease the overall contribution margin