{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T09:02:32-04:00", "answer_date": "2024-06-28 09:02:32", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4279340", "url": "\/study-help\/questions\/help-at-you-are-a-beneficiary-in-the-will-of-4279340", "question_creation_date_js": "2024-06-28T09:02:32-04:00", "question_creation_date": "Jun 28, 2024 09:02 AM", "meta_title": "[Solved] Help at you are a beneficiary in the will | SolutionInn", "meta_description": "Answer of - Help at you are a beneficiary in the will of your late Aunt Susan, The executrix of her estate has given you three opt | SolutionInn", "meta_keywords": "help,beneficiary,will,late,aunt,susan,executrix,estate,three,options,receive,inheritance", "question_title_h1": "Help at you are a beneficiary in the will of your late Aunt Susan, The executrix of her estate has given you three options as", "question_title": "Help at you are a beneficiary in the will of your late", "question_title_for_js_snippet": "Help at you are a beneficiary in the will of your late Aunt Susan, The executrix of her estate has given you three options as to how you may receive your Inheritance 15 Required points la Calculate the present value for the following assuming that the money can be invested at 11 percent (Round discount factor(s) to 3 decimal places, intermediate 02 07 18 and final answers to the nearest dollar amount Omit the $ sign in your response ) Present Value a You may receive $53,000 immediately b You may receive $76,000 at the end of ten years c You may receive $10,000 at the end of each year for ten years 1b If you can invest money at a 11 return, which option would you prefer O Option a O Option b O Option c EXHIBIT 148 1 Present Value of $1 (1 7) 1735 18 19 20 Periods 4 5 6 7 8 9 10 11 12 13 14 15 16 0 962 0 952 0 943 0 935 0 926 0 917 0 909 0 901 0 893 0 885 0 877 0 870 0 862 0 855 0 847 0 840 0 833 0826 0 820 0 813 0 925 0 907 0 890 0 873 0 857 0 842 0 826 0 812 0 797 0783 0769 0756 0 743 0731 0 718 0 706 0 694 0 683 0 672 0 651 0 889 0 864 0 840 0 816 0 794 0772 0 751 0 731 0 712 0 693 0 675 0 658 0 641 0 624 0609 0 593 0 579 0 564 0 531 0537 0 855 0 823 0 792 0 763 0 735 0 708 0 683 0 659 0 636 0 613 0 592 0 572 0 552 0 534 0 516 0 499 0 482 0 467 0 451 0 437 0 822 0 784 0 747 0 713 0 681 0 650 0 621 0 593 0 567 0 543 0 519 0 497 0 476 0 456 0 437 0 419 0 402 0 386 0 370 0 355 0 790 0 746 0 705 0 666 0 630 0 596 0 564 0 535 0 507 0 480 0 456 0 432 0 410 0 390 0 370 0 352 0 335 0 319 0 303 0 289 0 760 0 711 0 665 0 623 0 583 0 547 0 513 0 482 0 452 0 425 0 400 0 376 0 354 0 333 0 314 0 296 0279 0 263 0249 0 235 7 0 731 0 677 0 627 0 582 0 540 0 502 0 467 0 434 0 404 0 376 0 351 0 327 0 305 0 285 0 266 0 249 0 233 0 218 0 204 0191 0180 0 155 0 645 0 592 0 544 0 500 0 460 0 424 0 391 0 361 0 333 0 308 0 284 0 263 0 243 0 225 0 209 0194 Graw MacBook Pro a Search Default Search C P o A 6 W E R QFinal Exam Sp Enved Help Save Ex 19 A company is considering the purchase of equipment for a new product An engineering and cost analysis has been made, and it is expected that the following cash flows would be associated with the new product 25 Cost of new equipment $ $30,000 points Working capital required $200,000 02 07 00 Annual net cash receipts $ 135,000' Overhaul of the new equipment in three years $60,000 Salvage value of equipment in four years $85,000 The working capital would be released for reinvestment elsewhere at the end of the project The company's required rate of return is 18 Required a Determine the net present value of the proposed project (Any cash outflows should be indicated by a minus sign Use the appropriate table to determine the discount factor(s) ) Now 2 3 4 Purchase of equipment Working capital investment Annual net cash receipts Overhaul of equipment Working capital released Salvage value of equipment Total cash flows Discount factor (18 ) Mc Mc 12 of 25 Graw MacBook Pro Q Search Default Search C o o 3 6 4 5 E R Q WSaved Help Save Exit 17 The standards for product G78V specify 5 5 direct labor hours per unit at $13 50 per direct labor hour Last month 1740 units of product G78V were produced using 9,600 direct labor hours at a total direct labor wage cost of $122,220 Required a What was the labor rate variance for the month b What was the labor efficiency variance for the month 14 points (Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect fie , zero variance) Input all amounts as positive values ) 8 02 07 09 a Labor rate variance b Labor efficiency variance Prev 17 of 25 Next dry Mc Graw MacBook Pro Q Search Default Search C esc Mc Graw MacBook Pro Q Search Default Search esc C 3 4 5 6 W E Ror a product cost or fixed with respect to the number of units produced and sold Also classify each cost as Cost Item Predicting Cost Preparing 20 Behavior Financial points Statements 1 Magazine subscriptions, factory lunchroom 02 07 15 2 Yarn used in sweater production 3 Green beans processed and canned 4 Wages of workers to assemble a table 5 Advertising 6 Property taxes on corporate headquarters 7 Packaging for the company's product 8 Commissions paid to salespersons 9 Supervisor's salary, factory 10 Depreciation, factory equipment Gra MacBook Pro Search Default Search C 6 3 R Q W Ennect Final Exam Sp Saved Help Save Exit 20 A company manufactures various machined parts to customer specifications The company uses a job order costing system and applies overhead cost to jobs on the basis of machine hours At the beginning of the year, the company used a cost formula to estimate that it would incur $4,275,000 in manufacturing overhead cost at an activity level of 570,000 machine hours The company spent the entire month of January working on a large order for 12,700 custom made machined parts The company had 25 no work in process at the beginning of January Cost data relating to January follow points a Raw materials purchased on account, $310,000 02 06 5 b Raw materials used in production, $271,000 (80 direct materials and 20 indirect materials) c Labor cost accrued in the factory, $153,000 (one third direct labor and two thirds indirect labor) d Other manufacturing overhead costs incurred on account, $85,200 Required Prepare journal entries to record items (a) through (d) Complete the question by entering your answers in the tabs below Required 1 Prepare journal entries to record items (a) through (f) above ignore item (9) for the moment (If no entry is required for a transaction event, select No journal entry required in the first account field Do not round intermediate calculations ) View transaction list Journal entry worksheet 2 3 Raw materials purchased on account, $310,000 Mc Graw Hill MacBook Pro Q Search Default Search C esc Save Erk 13 The standards for product V28 call for 9 1 pounds of a raw material that costs $18 00 per pound Last month, 3,100 pounds of the raw material were purchased for $55 180 The actual output of the month was 320 units of product V28 A total of 3,100 pounds of the raw material were used to produce this output The direct materials purchases variance is computed when the materials are purchased Required 14 a What is the materials price variance for the month points b What is the materials quantity variance for the month (Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i e , zero 02 07 20 variance) Input all amounts as positive values ) a Materials price variance b Materials quantity variance Mc", "question_description": "
\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image<\/div><\/div><\/div><\/figure> Help at you are a beneficiary in the will of your late Aunt Susan, The executrix of her estate has given you three options as to how you may receive your Inheritance. 15 Required: points la. Calculate the present value for the following assuming that the money can be invested at 11% percent. (Round discount factor(s) to 3 decimal places, intermediate 02:07:18 and final answers to the nearest dollar amount. Omit the \"$\" sign in your response.) Present Value a. You may receive $53,000 immediately. b. You may receive $76,000 at the end of ten years. c. You may receive $10,000 at the end of each year for ten years. 1b. If you can invest money at a 11% return, which option would you prefer? O Option a O Option b O Option c EXHIBIT 148-1 Present Value of $1; (1 + 7)- 1735 18% 19% 20% Periods 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 16% 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.901 0.893 0.885 0.877 0.870 0.862 0.855 0.847 0.840 0.833 0826 0.820 0.813 0.925 0.907 0.890 0.873 0.857 0.842 0.826 0.812 0.797 0783 0769 0756 0.743 0731 0.718 0.706 0.694 0.683 0.672 0.651 0.889 0.864 0.840 0.816 0.794 0772 0.751 0.731 0.712 0.693 0.675 0.658 0.641 0.624 0609 0.593 0.579 0.564 0.531 0537 0.855 0.823 0.792 0.763 0.735 0.708 0.683 0.659 0.636 0.613 0.592 0.572 0.552 0.534 0.516 0.499 0.482 0.467 0.451 0.437 0.822 0.784 0.747 0.713 0.681 0.650 0.621 0.593 0.567 0.543 0.519 0.497 0.476 0.456 0.437 0.419 0.402 0.386 0.370 0.355 0.790 0.746 0.705 0.666 0.630 0.596 0.564 0.535 0.507 0.480 0.456 0.432 0.410 0.390 0.370 0.352 0.335 0.319 0.303 0.289 0.760 0.711 0.665 0.623 0.583 0.547 0.513 0.482 0.452 0.425 0.400 0.376 0.354 0.333 0.314 0.296 0279 0.263 0249 0.235 7 0.731 0.677 0.627 0.582 0.540 0.502 0.467 0.434 0.404 0.376 0.351 0.327 0.305 0.285 0.266 0.249 0.233 0.218 0.204 0191 0180 0.155 0.645 0.592 0.544 0.500 0.460 0.424 0.391 0.361 0.333 0.308 0.284 0.263 0.243 0.225 0.209 0194 Graw MacBook Pro a Search Default Search C P\/o # A 6 W E R QFinal Exam Sp... Enved Help Save & Ex 19 A company is considering the purchase of equipment for a new product. An engineering and cost analysis has been made, and it is expected that the following cash flows would be associated with the new product: 25 Cost of new equipment $ $30,000 points Working capital required $200,000 02:07:00 Annual net cash receipts $ 135,000' Overhaul of the new equipment in three years $60,000 Salvage value of equipment in four years $85,000 The working capital would be released for reinvestment elsewhere at the end of the project. The company's required rate of return is 18% Required: a. Determine the net present value of the proposed project. (Any cash outflows should be indicated by a minus sign. Use the appropriate table to determine the discount factor(s).) Now 2 3 4 Purchase of equipment Working capital investment Annual net cash receipts Overhaul of equipment Working capital released Salvage value of equipment Total cash flows Discount factor (18%) Mc Mc 12 of 25 Graw MacBook Pro Q Search Default Search C o\/o 3 6 4 5 E R Q WSaved Help Save & Exit 17 The standards for product G78V specify 5.5 direct labor-hours per unit at $13.50 per direct labor-hour. Last month 1740 units of product G78V were produced using 9,600 direct labor-hours at a total direct labor wage cost of $122,220. Required: a. What was the labor rate variance for the month? b. What was the labor efficiency variance for the month? 14 points (Indicate the effect of each variance by selecting \"F\" for favorable, \"U\" for unfavorable, and \"None\" for no effect fie., zero variance). Input all amounts as positive values.) 8 02:07:09 a. Labor rate variance b. Labor efficiency variance Prev 17 of 25 Next dry Mc Graw MacBook Pro Q Search Default Search C esc Mc Graw MacBook Pro Q Search Default Search esc C 3 4 5 6 W E Ror a product cost. or fixed with respect to the number of units produced and sold. Also classify each cost as Cost Item Predicting Cost Preparing 20 Behavior Financial points Statements 1. Magazine subscriptions, factory lunchroom. 02:07:15 2 . Yarn used in sweater production. 3 . Green beans processed and canned . 4 . Wages of workers to assemble a table 5 . Advertising . 6. Property taxes on corporate headquarters. 7. Packaging for the company's product. 8. Commissions paid to salespersons. 9. Supervisor's salary, factory. 10. Depreciation, factory equipment. Gra MacBook Pro Search Default Search C 6 3 R Q W Ennect Final Exam Sp... Saved Help Save & Exit 20 A company manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,275,000 in manufacturing overhead cost at an activity level of 570,000 machine-hours. The company spent the entire month of January working on a large order for 12,700 custom-made machined parts. The company had 25 no work in process at the beginning of January. Cost data relating to January follow: points a. Raw materials purchased on account, $310,000. 02:06:5 b. Raw materials used in production, $271,000 (80% direct materials and 20% indirect materials). c. Labor cost accrued in the factory, $153,000 (one-third direct labor and two-thirds indirect labor). d. Other manufacturing overhead costs incurred on account, $85,200. Required: Prepare journal entries to record items (a) through (d). Complete the question by entering your answers in the tabs below. Required 1 Prepare journal entries to record items (a) through (f) above [ignore item (9) for the moment]. (If no entry is required for a transaction\/event, select \"No journal entry required\" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet 2 3 Raw materials purchased on account, $310,000. Mc Graw Hill MacBook Pro Q Search Default Search C esc @ #Save & Erk 13 The standards for product V28 call for 9.1 pounds of a raw material that costs $18.00 per pound. Last month, 3,100 pounds of the raw material were purchased for $55.180. The actual output of the month was 320 units of product V28. A total of 3,100 pounds of the raw material were used to produce this output. The direct materials purchases variance is computed when the materials are purchased. Required: 14 a. What is the materials price variance for the month? points b. What is the materials quantity variance for the month? (Indicate the effect of each variance by selecting \"F\" for favorable, \"U\" for unfavorable, and \"None\" for no effect (i.e., zero 02:07:20 variance). Input all amounts as positive values.) a. Materials price variance b. Materials quantity variance Mc", "transcribed_text": "", "related_book": { "title": "Fundamentals Of Statistics", "isbn": "978-032184460, 032183870X, 321844602, 9780321838704, 978-0321844606", "edition": "4th Edition", "authors": "Michael Sullivan III", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/445.jpg", "uri": "\/textbooks\/fundamentals-of-statistics-4th-edition-445", "see_more_uri": "" }, "free_related_book": { "isbn": "B0C8465MYD", "uri": "\/textbooks\/growing-edible-wild-forages-in-north-america-the-complete-beginners-guide-for-successful-edible-wild-foraging-in-north-america-1st-edition-b0c8465myd-303088", "name": "Growing Edible Wild Forages In North America The Complete Beginners Guide For Successful Edible Wild Foraging In North America", "edition": "1st Edition" }, "question_posted": "2024-06-28 09:02:32", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/prepare-a-performance-report-for-the-dining-room-of-saitos", "description": "Prepare a performance report for the dining room of Saito's Sushi Bar for the month of February 2013, using the followingdata: Budgeted Data: Dining room wages ..-...S4,300 $4,150 Laundry and...", "stars": 3 }, { "url": "\/study-help\/introduction-to-probability-statistics\/we-toss-a-coin-300-times-and-observe-that-in-1981723", "description": "We toss a coin 300 times and observe that in 160 of these tosses the outcome is Heads. 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