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IPX is a specialized packaging company that packages other manufacturers' products. Other manufacturers ship their products to IPX in bulk. IPX then packages the products using high-speed, state-of-the-art packaging machines and ships the packaged products to wholesalers. A typical order involves packaging small toys in see-through plastic and cardboard containers. IPX uses a flexible budget to forecast annual plantwide overhead, which is then allocated to jobs based on machine hours. The annual flexible overhead budget is projected to be $6 million of fixed costs and $120 per machine hour. The budgeted number of machine hours for the year is 20,000. At the end of the year, 21,000 machine hours were used and actual overhead incurred was $9.14 million. A) Calculate the overhead rate set at the beginning of the year. B) Calculate the amount of over/underabsorbed overhead for the year. C) The company's policy is to write off any over/underabsorbed overhead to cost of goods sold. Will net income rise or fall this year when the over/underabsorbed overhead is written off to cost of goods sold?
Giant Electronics is issuing 20-year bonds that will pay coupons semiannually. The coupon rate on this bond is 7.8 percent. If the market rate for such bonds is 7 percent, what will the bonds sell for today?
Healthy Foods has total assets of $124319, net fixed assets of $79775, long-term debt of $51692, and total debt of $78769. If inventory is $31,800, what is the current ratio? Round your answer to two decimal places.
On January 1, 2005, this bond was sold for 110,000 dollars. What interest rate per six months was earned by the company on the BMI bond?
According to the expectations theory, what should be the interest rate on 3-year, risk free securities?
Discuss the internal control weaknesses that existed at MCI that contributed to the commission of this fraud.
On August 19, 2004 Google issued its IPO of 19.2 million shares to the initial investors at $81.33 per share. The closing price of the stock that same day was $100.74. What was the dollar value of the underpricing associated with the Google IPO.
How can you balance the alignment of organizational goals with compliance of legal requirements when implementing a financial plan?
Top management of the Gates Company is trying to create a performance evaluation system to use to evaluate each of its three divisions.
I have three scenarios and i must identify if they represent a diversifiable or an undiversifiable risk. I have to plan these scenarios in terms of the view point of investors and describe it.
Atlas Insurance wants to sell you an annuity, which will pay you $3,200 per quarter for 25 years. You want to earn a minimum rate of return of 6.5 percent. What is the most you are willing to pay as a lump sum today to buy this annuity? please sho..
Your firm has an average collection period of 34 days. Current practice is to factor all receivables immediately at a 1.50 percent discount. What is the effective cost of borrowing?
Compute of value of the stock and What would be the value of the stock if the dividend payout ratio
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