Copy Center pays an average wage of $11 per hour to employees for printing and copying jobs, and allocates $17 of overhead for each employee hour worked. Direct materials are assigned to each job according to actual cost. If Job M-47 used $305 of direct materials and took 20 direct labor hours of labor to complete, what is the total cost that should be assigned to the job?
A. $645.
B. $560.
C. $865.
D. $525.
E. $745.
Answer: C
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When organizations endeavor (1) to keep their costs (and hence the prices of their products or services) below those of competitors and (2) to target a wide market, they are utilizing a _____ strategy.
A. focused-differentiation B. differentiation C. cost-leadership D. reinventing E. cost-focus
On February 1, 2013, Janet buys a bond for $10,000 that makes coupon payments of $600 after each of the following two years and returns its principal of $10,000 at the end of the second year. In other words, it is a standard coupon bond with a 6 percent annual interest rate making payments once each year.On February 1, 2014, Janet receives her first coupon payment of $600. At that time, the market interest rate on bonds like hers has fallen to 4 percent. She sells her bond to Justin at that time, for a price equal to the present value of the bond's payments.
a.How much does Justin pay Janet for the bond?Both Janet and Justin have tax rates of 30 percent on interest income and 20 percent on capital gains. (Note that if someone has a capital loss, you may assume that he or she can reduce taxes by the amount of the capital loss times the tax rate of 20 percent.) b.Calculate Janet's after-tax rate of return for the past year (from Feb. 1, 2013, to Feb. 1, 2014).Justin holds onto the bond from February 1, 2014, to February 1, 2015, so it matures and he receives the second coupon payment and the principal. c.What is Justin's after-tax rate of return for the year from Feb. 1, 2014, to Feb. 1, 2015?Explain and show all your work for each part. You may assume, of course, that the market works and does not malfunction. What will be an ideal response?
The break-even point quantity is the quantity at which total revenue equals total cost, beyond which profit occurs.
Answer the following statement true (T) or false (F)
Which of the following elements must be established to create an implied-in-fact contract?
A) A plaintiff provided a property or services gratuitously. B) A plaintiff made a defendant sign a contract and then changed its terms, calling the new terms "previously implied." C) A defendant was given an opportunity to reject a property or services provided by a plaintiff but failed to do so. D) A defendant accepted a property or services offered by a plaintiff as a fee for an illegal activity.