Learning curves are useful for measuring work improvement for repetitive, simple jobs requiring short times to complete.a) true
b) false

Answers

Answer 1
Answer:

Final answer:

Learning curves are indeed useful for measuring work improvement in repetitive, simple tasks. They represent worker improvement in efficiency and reduction in mistakes over time, as these tasks are completed on a repetitive basis.

Explanation:

The statement, 'Learning curves are useful for measuring work improvement for repetitive, simple jobs requiring short times to complete', is true. A learning curve is a concept that represents improvement in efficiency of production as workers increase in skill through repetition of tasks. This concept is often used in business and economics to measure work improvement, particularly for jobs that are simple and repetitive in nature. For instance, when an assembly line worker repeats the same task over and over, they typically become faster and make fewer mistakes over time, thus increasing productivity.

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Answer 2
Answer: False. Learning curves have limited application for assembly-lines with short, repetitive jobs.

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On July 23 of the current year, Dakota Mining Co. pays $6,165,600 for land estimated to contain 8,808,000 tons of recoverable ore. It installs machinery costing $1,849,680 that has a 10-year life and no salvage value and is capable of mining the ore deposit in eight years. The machinery is paid for on July 25, seven days before mining operations begin. The company removes and sells 488,500 tons of ore during its first five months of operations ending on December 31. Depreciation of the machinery is in proportion to the mine's depletion as the machinery will be abandoned after the ore is mined.Required:Prepare entries to record the following:_______.(a)To record the purchase of the land.(b)To record the cost and installation of machinery.(c) To record the first five months' depletion assuming the land has a net salvage value of zero after the ore is mined.(d)To record the first five months' depreciation on the machinery.

Caroline is working for a marketing firm making $60,000 per year but considers starting her own marketing company. Caroline has determined that to launch the business, she needs to invest $100,000 of her own funds. The annual cost of running the business will include $75,000 for the rent of the office space, $190,000 for employee wages, and $6,000 for materials and utilities. Caroline plans to manage the business, which means that she will have to quit her current job. Suppose that the interest rate (or rate of return) on investments in the economy is 6%.Caroline's total implicit cost per year is .

Answers

Answer:

$66,000

Explanation:

The computation of the total implicit cost per year is shown below:

= Given up salary + investment amount × interest rate on investment in the economy

= $60,000 + $100,000 × 6%

= $60,000 + $6,000

= $66,000

We simply added the given up salary and investment amount after considering the interest rate on investment so that the accurate amount could come

Critz Company was started on January 1, Year 1. During the month of January, Critz earned $7,500 of revenue and incurred $4,800 of expenses. During the remainder of Year 1, Critz earned $86,000 and incurred $51,000 of expenses. Critz closes its books on December 31 of each year. Required:

a. Determine the balance in the Retained Earnings account as of January 31, Year 1.
b. Determine the balance in the Revenue and Expense accounts as of January 31, Year 1.
c. Determine the balance in the Retained Earnings account as of December 31, Year 1, before closing.
d. Determine the balances in the Revenue and Expense accounts as of December 31, Year 1, before closing.
e. Determine the balance in the Retained Earnings account as of January 1, Year 2.
f. Determine the balance in the Revenue and Expense accounts as of January 1, Year 2.

Answers

Answer:

a. $2,700

b. Revenue   = $7,500 and Expenses = $4,800

c. $37,700

d. Revenue = $93,500 and Expenses = $55,800

e.  $37,700

f. Revenue   = $0 and Expenses = $0

Explanation:

a. Balance in the Retained Earnings account as of January 31, Year 1.

Revenue                    $7,500

Less Expenses        ($4,800)

Net Profit                   $2,700

Retained Earnings Balance = Opening Retained Earnings + Profit - Dividends

                                             = $ 0 + $2,700 - $ 0

                                             = $2,700

b. Balance in the Revenue and Expense accounts as of January 31, Year 1.

Revenue   = $7,500

Expenses = $4,800

c. Balance in the Retained Earnings account as of December 31, Year 1, before closing.

Retained Earnings Balance = Opening Retained Earnings + Profit - Dividends

                                             = $2,700 + ($86,000 - $51,000) - $0

                                             = $37,700

d. Balances in the Revenue and Expense accounts as of December 31, Year 1, before closing.

Revenue  ($7,500 + $86,000) = $93,500

Expenses ($4,800 + $51,000) = $55,800

e. Balance in the Retained Earnings account as of January 1, Year 2.

Retained Earnings of December 31, Year 1 = Retained Earnings of January 1, Year 2

                                                                       = $37,700

f. Balance in the Revenue and Expense accounts as of January 1, Year 2.

Revenue   = $0

Expenses = $0

The following data apply to Hill's Hiking Equipment: Value of operations $20,000, Short-term investments $1,000, Debt $6,000, Number of shares 300; The company plans on distributing $50 million by repurchasing stock. What will the intrinsic per share stock price be immediately after the repurchase?

Answers

Answer:

$50

Explanation:

Solution

Recall that:

The company plans on giving out $50 million by repurchasing stock hence, number of stock to be purchased = 50/50 = 1 million

The Number of share bought back = 300-1 = 299

Thus

$20,000 + $1,000 - $6000 = $15,000

$15,000 / 300 shares = $50

                                    Before Repurchase  After the repurchase

Value of operations    20000                          20000

Short-term investments    1000                        950

Less : Debt                    6000                           6000

Intrinsic value of equity    15000                      14950

Number  of shares           300                           299

Intrinsic value per share    50                           50

Therefore the intrinsic per share stock price be immediately after the repurchase is $50

Lyme Home has 5,000 bonds outstanding with a face value of $1,000 each and a coupon rate of 7.65 percent. Interest is paid semiannually. What is the amount of the annual tax shield on debt if the tax rate is 23 percent

Answers

if the tax rate is 23%, the amount of the annual tax shield on debt will be $87,975.

Total Interest = Total Bonds * Face Value * Coupon Rate

Total Interest = (5,000 bonds*$ 1,000) * 7.65%

Total Interest = $5,000,000 * 7.65%

Total Interest = $ 382,500

Annual Tax Shield =Total Interest * Tax Rate

Annual Tax Shield = $382,500*23%

Annual Tax Shield = $87,975

In conclusion, if the tax rate is 23%, the amount of the annual tax shield on debt is $87,975.

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A project will not produce any cash flows for two years. Starting in the third year, it will produce annual cash flows of $11,900 a year for two years. The project initially costs $43,600. In Year 6, the project will be closed and as a result should produce a final cash inflow of $50,500. What is the net present value of this project if the required rate of return is 8.7 percent?

Answers

Answer:

The NPV of the project at 8.7 percent will be  4,802.58‬

Explanation:

We will calcualte the present value of the cash inflow:

(Inflow)/((1 + rate)^(time) ) = PV  

year 3:

Inflow     11,900.00

time          3.00

rate          0.087

(11900)/((1 + 0.087)^(3) ) = PV

PV    9,265.28

Year 4:

Inflow      11,900.00

time           4.00

rate           0.087

(11900)/((1 + 0.087)^(4) ) = PV  

PV   8,523.71

Year 6:

Inflow      50,500.00

time   6.00

rate  0.087

(50500)/((1 + 0.087)^(6) ) = PV  

PV   30,613.58

Then, we will add them together and subtract the investment amount

NPV: 30,613.59 + 8,523.71 + 9,265.28 - 43,600 = 4,802.58‬

The following account balances were drawn from the financial statements of Grayson Company: Cash $ 5,000 Accounts payable $ 1,550 Accounts receivable $ 2,100 Common stock ? Land $ 8,600 Retained earnings, Jan.1 $ 3,300 Revenue $ 10,100 Expenses $ 7,550 Based on the above information, what is the balance of Common Stock for Grayson Company?

Answers

Answer:

The balance of Common Stock for Grayson Company is $8,300

Explanation:

For computing the common stock value, first we have to compute the ending retained earning balance which is shown below

= Beginning retained earning balance + revenues - expenses

= $3,300 + $10,100 - $7,550

= $5,850

Thus, the ending balance is $5,850

Now by applying the accounting equation we can compute the common stock value

Accounting equation is equals to

Assets = Liabilities + Equity

where,

Assets = Cash + Accounts receivable + Land

           = $5,000 + $2,100 + $8,600

           = $15,700

Liabilities = Accounts payable = $1,550

And, Equity = Ending Retained earnings balance + common stock

                   = $5,850 + common stock

Now, apply the above accounting equation which is shown below:

$15,700 = $1,550 + $5,850 + common stock

$15,700 = $7,400 + common stock

So, common stock = $8,300

Hence, the balance of Common Stock for Grayson Company is $8,300

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