Share
Explore BrainMass

Upper and Lower Bounds of Options

Lower of Cost or Market

M. Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. A profit margin of 30% on selling price is considered normal for each product. Specific data with respect to each product follows: Product #1 Product #2 Historical cost $40.00 $ 7

Higher or lower will NET INCOME be if Barrus

Barrus is a profitable company that makes 30,000 motors annually that used in the production of their power lawn mowers. The cost per motor at this level of activity is as follows: Direct Materials $9.50 Direct Labor $8.60 Variable manufacturing overhead $3.75 Fixe

Intercompany Transactions: Upper Company and Middle Company

1. Upper Company holds 60 % of Lower Company's voting shares. During the preparation of consolidated financial statements for 20X5, the following eliminating entry was made: Retained Earnings, January 1 10,000 Land 10,000 Which of the following statements is correct? a. Upper Company purchased land from Lowe

Higher Sales or Lower Cost - Target Company

I think the answer is $67,200. Is that answer correct? Target Company has decided to reward employees for their innovative ideas that would result in higher sales or lower costs. the reward is the equivalent of 10% of the annual savings. Arman Khodadoost introduced an idea where requisitioning in and out of the warehouse wo

Breakeven point / net operating income

Please help me with these two questions. Thank you 1. If the variable expenses per toy chest increase as a percentage of the selling price will it result in a higher or lower break-even point? 2. How can current net operating income be increased under absorption costing without increasing sales? And, why?

In the past, the defect rate for your product has been 1.3%.

Please see the attached problem. In the past, the defect rate for your product has been 1.3%. What are the upper and lower control chart limits if you wish to use a sample size of 600 and ? ____________ ____________ Round your answers to 3 decimal places; for example, .123.

Productivity and Ethical Implications in Productivity

Question 1 For the sake of efficiency and lower costs, Premium Standard Farms of Princeton, Missouri, has turned pig production into a standardized product-focused process. Slaughterhouses have done this for a hundred years--but after the animal was dead. Doing it while the animal is alive is a relatively recent innovation. Her

Finding the Upper-Tail Critical Value from an F-Distribution

You are working with an experiment that has a single factor of interest with five groups or levels, and seven observations in each group. You have calculated SSA=60 and SST=210. At the .05 level of significance, what is the value of the upper-tail critical value from the F distribution?

Assessing Control Risk and Upper Deviation

6.Based on a 5% risk of assessing control risk too low, how would an auditor interpret a computed upper deviation rate of 7%? A)The auditor is willing to live with a deviation rate of 7% before deciding not to rely on the control. B)There is a 5% chance that the deviation rate in the population is less than 7%. C)There is

Intermediate Accounting

Assume in each case that the selling expenses are $8 per unit and that normal profit is $5 per unit. Calculate the limits in each case. Then enter the amount that should be used for lower or cost or market. Selling price Upper Limit Replacement cost Lower limit Cost LCM a) $54

Graphs, Cycles, Sharpness and Upper Bound

Let k>=3 be an integer , and let G be a plane graph of order n(>=k) and size m. a) If the length of every cycle is at least k, then determine an upper bound B for m in terms of n and k. b)Show that the bound B obtained in a) is sharp by determining for arbitrary k>=3, a plane graph G of order n and size B, every cycle of whi

Lower-of-cost-or-market valuation

Wholesale Market applies lower-of-cost-or-market valuation to individual products and has collected the following data: Product A Product B Product C Selling price $100 $125 $80 Cost

You want to set control limits for the proportion of records with errors. Using 99.7% control limits, what are the upper and lower control limits for the proportion of records with errors?

Data entry clerks at ARCO key in thousands of insurance records each day. Each day random samples of the work of the clerks were collected. The results are shown in the table below. Two hundred records were sampled daily and examined for errors. The number of records with errors was counted. Day Number of Records with E

Production cost, upper bound and overhead

Estimate the production cost for a simple product you may purchase,Try costing a product with fewer than 10 components such as a floppy disk, a pen, a jackknife, or a baby's toy. One reasonable upper bound for your estimate, including overhead is the wholesale price(between 50 percent and70 percent of retail)

Value inventories

Why is it necessary to value inventories using the lower of cost or market? Given an example where this would be necessary.

Slacks on the Lower Path

12. (see diagram in attached file) a. For the accompanying network, if there is slack of +6 on the upper path, what is the slack on the lower path? b. if the slack is -4 on the upper path, what is the slack on the lower path? (see diagram in attached file)

Lower-of-cost-or-market & Installment Notes Payable

Kidd's Shoes sells four styles of children's canvas tennis shoes. Information about Kidd's May 31 ending inventory of these four styles is given below: Style Units in Ending Inventory Cost per Unit Current Replacement Cost 456 50 $20 $18 489

Upper bounds of a non-empty set

Let S be a non-empty set of real numbers, and prove that the following statements are equivalent: (1) If v is any upper bound of S, then u <= v (read as "u is less than or equal to v"). (2) If z < u, then z is not an upper bound of S. (3) If z < u, then there exists s_z (read as "s sub z") in S such that z < s_z. (4) If ep

Contracts: The Pump Division

The Pump Division The Pump Division has one plant dedicated to the design and manufacture of large, highly technical, customized pumps. Typically the contract life (production cycle) is one to three years. Most original equipment (OE) orders are obtained by preparing and submitting a bid proposal from a cost estimate analysis

Bessel and Legendre's Equations - Finding Lower Bound

The problem is to determine a lower bound for the radius of convergence for the two following equations. I am able to get p(x) and q(x) for both equations, but I'm confused on how to proceed. I would like to see the problem worked out and what the lower bound is. Bessel's Equation: Centered at 1 what I believe are p(x

Scientific Notation and Error Bounds

The population of a town is given in scientific notation 1.75 x 10^4. Choose the one option giving the population together with the implied error bound. Options A. 1750, with an error bound of 0.005 B 1750, with an error bound of 5. C. 1750, with an error bound of 50 D. Seventeen and a half thousand with an error