Clark Paints: The production department has been investigating possible ways to trim total production costs. One possibility currently being examined is to make the paint cans instead of purchasing them. The equipment needed would cost $200‚000‚ with a disposal value of $40‚000‚ and it would be able to produce 5‚500‚000 cans over the life of the machinery. The production department estimates that approximately 1‚100‚000 cans would be needed for each of the next five years. The company would hire
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ACCT505 Part B Capital Budgeting problem Clark Paints Data: Cost of new equipment $200‚000 Expected life of equipment in years 5 Disposal value in 5 years $40‚000 Life production - number of cans 5‚500‚000 Annual production or purchase needs 1‚100‚000 Initial training costs 0 Number of workers needed 3 Annual hours to be worked per employee 2‚000 Earnings per hour for employees $12
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AC505 Course Project Hints: The beginning cash balance for April‚ is the cash from March 31 in the Asset section of the balance sheet. In the merchandise purchases budget‚ in April‚ we need 50% of March purchases (that amount is also given to us 3/31 Accounts payable of $100‚000 on page 415). Therefore‚ Total cash disbursements for April is (50% x $316‚000 April purchases) + ($100‚000 remaining March purchases to be paid) = $258‚000. Class‚ Here are some hints. Lets start from the beginning:
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The History of Kenneth B. Clark An Introduction to Kenneth B. Clark Kenneth Bancroft Clark was born on July 14th‚ from the country of Panama. His father‚ Arthur Bancroft Clark worked as a manager for the United Fruit Company. His mother was Jamaican-born housewife‚ Miriam Hanson Clark. Despite the comfortable living situation in Panama‚ Kenneth’s mother wanted her family go grow up in the United States‚ where there were more opportunities for her children. Kenneth’s father‚ however
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1. Question: (TCO A) Wages paid to a timekeeper in a factory are a: Your Answer: Prime Cost YES.....Conversion Cost NO Prime Cost YES.....Conversion Cost YES Prime Cost NO....Conversion Cost NO Prime Cost NO.....Conversion Cost YES CORRECT Instructor Explanation: Chapter 2 Points Received: 6 of 6 2. Question: (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n):
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Kenneth B. Clark was born in Panama Canal Zone‚ Panama (). Clark died on May 1‚ 2005 in Hastings-On-Hudson‚ New York ().Clark’s mother wanted to give her son a good education and thought it would be best to move to America. Clark’s father disagreed and the couple soon split after Clark and his mother moved to Harlem‚ New York. Clark then attended public school at age 5. Clark attended the famous George Washington High School (). Clark attended Howard University where he wanted to study economics
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1. (TCO A) The variable portion of advertising costs is a: (Points : 6) Conversion YES... Period NO Conversion YES .... Period YES Conversion NO.... Period YES Conversion NO.... Period NO | 2. (TCO A) Fixed costs expressed on a per unit basis: (Points : 6) will increase with increases in activity. will decrease with increases in activity. are not affected by activity. should be ignored in making decisions since they cannot
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Chanelle Henderson Math533 Applied Managerial Statistics Prof. Lisabeth Goble Week 6: Project B: Testing Hypothesis Testing and Confidence Intervals A. The average annual income was less than $50‚000 Null Hypothesis: The average annual income was greater than or equal to $50‚000H₀: µ ≥ 50‚000 Alternate Hypothesis: The average annual income was less than $50‚000. (Claim)Ha: µ <50‚000 Analysis Plan: Significance Level‚ α=0.05.Since the sample size‚ n > 30 I will use z-test for mean to test the
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PROJECT PART B: Hypothesis Testing and Confidence Intervals Math 533 Applied managerial Statistics. Instructor: Mr. Patrick Mayers. April 12‚ 2015 Guillermo H. Quintela. a. The average (mean) sales per week exceeds 41.5 per salesperson. The Null Hypothesis: The average (mean) sales per week is greater than or equal to 41.5 per salesperson. Ho:µ >= 41.5 The alternate Hypothesis: The average (mean) sales per week is less than or equal than 41.5 per salesperson. Ha:µ < 41.5 For a significance
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AC505 MANAGERIAL ACCOUNTING PRACTICE FINAL INSTRUCTIONS: Please fill in the blank for question 1 and select the appropriate response to questions 2 through 45. 1. Use the following information to determine the gross margin for Pacific States Manufacturing for the year just ended (all amounts are in thousands ($000) of dollars: Sales $31‚800 Purchases of direct materials 7‚000 Direct labor 5‚000 Work in process inventory‚ 1/1 800 Work
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