Answer:
Date Particular Debit Credit
May 10, 2020 No Entry (Note 1) $0 $0
(To record contact entered into)
June 15, 2020 Account Receivable A/c $1,810
To Sales Revenue A/c $1,810
(To record Sales)
June 15, 2020 Cost of goods sold A/c. $1,050
To Inventory A/c $1,050
(To record cost of goods sold)
July 15, 2020 Cash A/c $1,810
To Account Receivable A/c $1,810
(To record payment received)
The manager of a crew that installs carpeting has tracked the crew's output over the past several weeks, obtaining these figures.
Week Crew Size Yards Installed
1 4 96
2 3 72
3 4 92
4 2 50
5 3 69
6 2 52
What is the week with the highest labor productivity?
Answer: Week 6
Explanation:
Labor productivity = Yards installed/ Crew size
Week 1 = 96/4 = 24
Week 2 = 72/3 = 24
Week 3 = 92/4 = 23
Week 4 = 50/2 = 25
Week 5 = 69/3 = 23
Week 6 = 52/2 = 26
Week 6 is highest with 26 yards per crew.
1.How we can measure uncertainty in the environment? Define it with the help of relevant grid. Also provide at least one example of an organization for each quadrant of the grid. Mention the examples in the grid below in their respective cells.
Answer:
Ujhvfhibsbsjsneudnddjideh
What can older aduts do to achieve high status in society?
O Take a class at local community college
O Engage in useful occupations or vocations
O Learn a new skill or hobby such as Cooking
O Participate in leisure activities such as golf or travel
Answer:
engage in useful occupations or vocations
Which of the following decisions is part of the HR function of compensation?
A. What responsibilities should be part of an office worker's job
B. How to make sure office workers are treated ethically
C. Which employees will do the best work in the fastest time
D. Whether to pay office workers a wage or a salary
Answer:
D. Whether to pay office workers a wage or a salary
Explanation:
The HR compensation functions entail rewarding employees for work done. Employee compensation includes monetary payments such as salaries, wages, overtime, profit sharing, allowances, or bonuses.
Non -monetary compensation includes benefits such as housings, paid car, insurance coverage, and stock ownership.
In consultation with the other managers, the HR managers determine the level and combination of compensation for every employee. HR has to decide whether to employ office workers on a part-time or full-time basis. Equally, HR determines whether to pay the office workers either a salary or wages.
Answer:
Yes, the one above me is correct, it's:
D. Whether to pay office workers a wage or salary.
Explanation:
Respass Corporation has provided the following data concerning an investment project that it is considering: Initial investment $ 160,000 Annual cash flow $ 54,000 per year Salvage value at the end of the project $ 11,000 Expected life of the project 4 years Discount rate 15% Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the project is closest to:
Answer: $516
Explanation:
Net Present value is the present value of inflows less present value of outflows.
The project has annual inflows of $54,000 except in 4th year where it will have inflows of $65,000 because the salvage value will be added to the inflows.
Present value of inflows = 54,000/1.12 + 54,000/1.12² + 54,000/1.12³ + 65,000/1.12⁴
= $160,516
Net Present Value = 160,516 - 160,000
= $516
The management of Ro Corporation is investigating automating a process. Old equipment, with a current salvage value of $21,000, would be replaced by a new machine. The new machine would be purchased for $420,000 and would have a 6 year useful life and no salvage value. By automating the process, the company would save $145,000 per year in cash operating costs. The simple rate of return on the investment is closest to (Ignore income taxes.): (Round your answer to 1 decimal place.)
Answer: 18.8%
Explanation:
Simple rate of return on investment = Incremental net operating income / investment
Incremental net income = Operating savings - Annual cost
= 145,000 - 420,000/6 years
= $75,000
Net investment = Cost of new machine - salvage value of old
= 420,000 - 21,000
= $399,000
Return on investment = 75,000/399,000
= 18.8%
Which case below best represents a case of price discrimination? A. A professional baseball team pays two players with different batting averages different salaries. B. A major airline sells tickets to senior citizens at lower prices than to other passengers. C. An insurance company offers discounts to safe drivers. D. A utility company charges less for electricity used during "off-peak" hours, when it does not have to operate its less-efficient generating plants.
Answer:
B. A major airline sells tickets to senior citizens at lower prices than to other passengers.
Explanation:
The pricing strategy refers to a strategy where the company charges the different prices for the similar products to the customers
In the case of the pure price discrimination, the seller would charge the price i.e. maximum he or she would have to pay also it is depend upon the specific characteristics and the amount charged to each and every group through a different price
Therefore the option B is correct
How can lessening utility bills reduce inflation?
Answer:
Inflation can occur when prices rise due to increases in production costs, such as raw materials and wages. Thus, lessening utility bills will reduce.
Explanation:
Weather, Inc., a domestic corporation, operates in both Fredonia and the United States. This year, the business generated taxable income of $600,000 from foreign sources and $900,000 from U.S. sources. All of Weather’s foreign- source income is in the general limitation basket. Weather’s total taxable income is $1.5 million. Weather pays Fredonia taxes of $228,000. What is Weather’s FTC for the tax year? Assume a 34% U.S. income tax rate.
Answer:
$204,000
Explanation:
FTC for the tax year = US Tax liability*(Foreign taxable income/Worldwide taxable income)
FTC for the tax year = ($1,500,000*34%)*($600,000/$1,500,000)
FTC for the tax year = $510,000*0.4
FTC for the tax year = $204,000
So, Weather Inc's FTC for the tax year is $204,000
Present owners of a network good receivegreater benefits as new buyers purchase the good. How do network externalities help a monopoly retain its market power? By exploiting network externalities, a firm can become a natural monopoly. If there are strong network externalities associated with a good, other goods are poor substitutes for it. Goods with network externalities are more likely to receive a government patent.
Answer:
How network externalities help a monopoly retain its market power:
By exploiting network externalities, a firm can become a natural monopoly.
Explanation:
In economics, Network externality describes a situation whereby the demand for a product depends on the demand of other consumers buying that product. This implies that the value of the product to the consumer is increased because others are joining as buyers. The present owners of a network product will actually gain more benefits as new buyers purchase the good because the fixed costs of rendering the service or providing the good are not increased with increasing buyers, but remain the same over a relevant range.
. A three-year interest rate swap has a level notional amount of 300,000. Each settlement period is one year and the variable rate is the one-year spot interest rate at the beginning of the settlement period. The swap rate for this interest rate swap is 4.317%. Two years have elapsed and the one-year spot interest rate at the start of year three is 5.25%. Calculate the market value of the swap from the perspective of the payer.
Answer:
$2,660
Explanation:
The market value is the present value of expected future cash flows.
Expectation is that swap will pay (300,000) (0.04317) and receive (300,000) ( 0.0525), and these payments would be made at end of one year.
Then, market value = ((300,000)(0.0525) - (300,000)( 0.04317)) / (1 + 0.0525)
Market value = 2799 / 1.0525
Market value = 2659.38
market value = $2,660
Therefore, the market value of the swap from the perspective of the payer is $2,660.
Describe three investments
Answer: Stocks, real estate, and precious metals are all ownership investments. The buyer hopes that they will increase in value over time. Lending money is an investment. Bonds and even savings accounts are loans that earn interest over time for the investor.
Explanation:
2. Some companies have eliminated the collection and reporting of detailed analysis on direct labor costs broken down by various activities. Instead, first-line supervisors are responsible for controlling the total costs of direct labor. The justification for this argument is that labor costs represent only a small fraction of the total costs of producing a product and are not worth the time and effort to trace to individual activities. Do you agree or disagree with this argument
Answer:
The description would be presented downwards and as per the circumstance presented.
Explanation:
Instead of assigning resources associated with a specific frequency, activity based costs which always track costs on the basis seem to be an essential component of cost accounting because that would be a more effective means for providing resources. The costs when implementing some activity based accounting systems, furthermore, are even less than the potential advantages of moving towards this framework only then would it have been simpler as well as productive for the growing company ABC.Throughout the case situation, the claim whether direct labor constitutes a member of a minority fraction of the overall wages should not be an excellent explanation for either not apportioning production wages contingent on the operation, but if the organization determines that the expense of someone using ABC to assign labor profitability of different practices is greater than advantages, the organization increasing turn to something like an optimization model for that frequency.If you restate a quote in your own words but do not cite your source you can be rightfully accused of
Answer:
correct, you could be accused of plagerism
how do i give brainlyest
Answer:
when you ask a question and you get one answer you cant give someone brainliest until another person answers and after two people answer you chose which one is the best by clicking the little crown in the upper right corner of their answers
Explanation:
15.2 Calculating Flotation Costs: The Wiley Oakley Co. has just gone public. Under a firm commitment agreement, Wiley received $21.39 for each of the 7.75 million shares sold. The initial offering price was $23 per share, and the stock rose to $26.30 per share in the first few minutes of trading. Wiley paid $1,350,000 in legal and other direct costs and $210,000 in indirect costs. What was the flotation cost as a percentage of funds raised
Answer:
23.16%
Explanation:
net amount of money received by Wliey Oakley = 7,750,000 stocks x $21.39 per stock = $165,772,500
total flotation costs including direct and indirect costs = [($26.30 - $21.39) x 7,500,000] + $1,350,000 + $210,000 = $38,385,000
flotation costs as a percentage of funds raised = $38,385,000 / $165,772,500 = 0.2316 = 23.16%
An agency contract is terminated by an act of the parties when the principal and the agent have mutually agreed on:
Answer:
Termination.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.
Hence, it is an important criteria that parties to a contract should be in agreement before proceeding to execute the terms in the contract.
In a nutshell, mutual assent connotes agreement, acceptance and consent to a contract by both parties.
Therefore, an agency contract is terminated by an act of the parties when the principal and the agent have mutually agreed on termination.
An agency contract is terminated by an act of the parties when the principal and the agent have mutually agreed on termination of Agency.
Termination of Agency is often done sometimes by operation of Law. This is done on the death of either the agent or the principal, the agency is rightly terminated as a person cannot act on behalf of non-existent person.The parties can terminate the agency through mutual agreement. An agency relationship often needs the mutual assent of the parties and both the parties is entitled to the power to withdraw their assent.
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A bank's actual reserve ratio is the percentage of total deposits a bank actually holds on to. It is made up of the percentage they are required to hold on to, known as the required reserve ratio, plus any extra they choose to hold on to. Suppose Dave's bank has an actual reserve ratio of 12%, and his bank makes a loan to Darlene based on the funds from Dave's deposit. How much does the money supply increase as a result of this second step
Answer:
The increase in the money supply will be "833333.33".
Explanation:
The real reserve ratio of either a lender seems to be the proportion of overall reserves another bank currently occupies onto another. It consists of the proportion they become required to secure forward with, referred to that as the reserve requirement expected, including whatever extra those who happen to retain onto this.According to the question,
The multiplier will be:
⇒ [tex]\frac{1}{RRR}[/tex]
⇒ [tex]\frac{100}{12}[/tex]
⇒ [tex]\frac{25}{3}[/tex]
So the increase will be:
⇒ [tex]100000\times \frac{25}{3}[/tex]
⇒ [tex]833333.33[/tex]
A three-month forward contract on a stock index is trading at $1000. The current index level is $985.1. Assuming a continuously compounded interest rate of 5%. Additionally, assume that the stock index does not pay any dividends. Which one of the following statements reflects a potential arbitrage strategy:
I. Long the forward contract, short the stock index, and lend at the risk-free rate
II. Short the stock index and lend at the risk-free rate, while entering in a forward contract agree- ment to purchase the asset in three months for $1000.
(a) I alone
(b) II alone
(c) I and II
(d) None of the above
Answer:
d
Explanation:
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Bramble Corp. purchased a truck at the beginning of 2020 for $109000. The truck is estimated to have a salvage value of $3700 and a useful life of 121000 miles. It was driven 21000 miles in 2020 and 29000 miles in 2021. What is the depreciation expense for 2021
Answer:
2020 = 18275.206
2021 = 25237.190
Explanation:
Cost of truck at beginning of 2020 = $109,000
Salvage value = $3700
Useful life = 121,000 miles
Miles driven in 2020 = 21000
Miles driven in 2021 = 29000
Depreciation expense 2020:
((Cost of asset - salvage value) / useful life) * miles driven in 2020
((109,000 - 3700) / 121000) * 21000
0.8702479 * 21000 = 18275.206
Depreciation expense 2021:
((109,000 - 3700) / 121000) * 29000
= 25237.190
The Allwardt Trust is a simple trust that correctly uses the calendar year for tax purposes. Its income beneficiaries (Lucy and Ethel) are entitled to the trust's annual accounting income in shares of one-half each.
For the current tax year, Allwardt reports the following.
Ordinary income $100,000
Long-term capital gains 30,000
Trustee commission expense, allocable to corpus 5,000
The trust instrument allocates the capital gain to income.
a. Each beneficiary is entitled to receive income of $_________ .
b. The trust's DNI is $_______ .
c. The trust's Selecttaxable incomelossCorrect 1 of Item 3 is $__________ .
d. Each of the beneficiaries can report _____________ of gross income.
Answer:
a. Each beneficiary will receive;
= Ordinary income / 2
= 100,000/2
= $50,000
b. Trust's DNI is;
= Accounting income + exemption - long term capital gains
= (Ordinary income + long term gain - commission - personal exemption) + exemption - long term capital gains
= (100,000 + 30,000 - 5,000 - 300) + 300 - 30,000
= $95,000
c. Taxable income = Long term gain - exemption
= 30,000 - 300
= $29,700
d. Each beneficiary can report;
= DNI/ 2
= 95,000/2
= $47,500
The short-run economic outcome resulting from the increase in production costs is known as . Now suppose that the government immediately pursues an accommodative policy by increasing government purchases in response to the short-run economic impact of the severe weather. In the long run, when the government pursues accommodative policy, the output in the economy will be $ billion and the price level will be .
Answer:
The short-run economic outcome resulting from the increase in production costs is known as - Stagflation
Stagflation is a situation in which there is high inflation and high unemployment. In Stagflation, aggregate demand is constricted due to the high costs of goods and services because of an increase in firms' production costs.
Now suppose that the government immediately pursues an accommodative policy by increasing government purchases in response to the short-run economic impact of the severe weather. In the long run, when the government pursues accommodative policy, the output in the economy will be $ billion and the price level will be .
If the government pursues an accommodative policy, also known as an expansionary policy, both the output of the economy and the price level will increase in comparison to the previous numbers.
However, hopefully the level of output will increase proportionally more than the price level, because otherwise, the economic growth will be accompanied by high inflation, leading to an overheated and dysfunctional economy.
The journal entry to record the use of utilities in a factory could include which two of the following: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
Debit to Factory Overhead
Credit to Factory Overhead
Debit to Factory Utilities Payable
Credit to Factory Utilities Payable
Credit to Raw Materials
Credit to Factory Wages Payable
Answer:
Debit to Factory Overhead
Credit to Factory Utilities Payable
Explanation:
The journal entry to record the use of utilities in a factory is as follows:
Factory overhead Dr XXXXX
To Factory utilities payable XXXXX
(Being the utilities usage is recorded)
Here the factory overhead is debited as it increased the expenses and credited the factory utilities payable as it also increased the liabilities
So, the above represent the answer
Kieso Company borrowed $630,000 for five months. The annual interest rate on the loan was 9%. Kieso's fiscal year ends on December 31. Kieso borrowed the $630,000 one month prior to the end of its last fiscal year and paid the $630,000 plus interest back four months into its current fiscal year. How much interest expense, if any, would Kieso report at the end of its last fiscal year and at the end of its current fiscal year
Answer and Explanation:
The computation of the interest expense is shown below'
The following formula should be used:
= borrowed amount × rate of months × number of months ÷ total number of months
End of last year is
= $630,000 × 9% × 1 ÷ 12
= $4,725
And,
Current fiscal year is
= $630,000 × 9% × 4 ÷ 12
= $18,900
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The following information is available for Windsor Corporation for the year ended December 31, 2022.
Beginning cash balance $40,000
Accounts payable decrease 3,300
Depreciation expense 82,000
Accounts receivable increase 9,200
Inventory increase 12,300
Net income 337,500
Cash received for sale of land at book value 40,000
Sales revenue 740,500
Cash dividends paid 10,100
Income tax payable increase 4,900
Cash used to purchase building 149,500
Cash used to purchase treasury stock 37,000
Cash received from issuing bonds 225,000
Answer:
Windsor Corporation Statement of Cashflows For
Year Ended December 31, 2022
Cashflow from Operating Activities:
Net Income $337,500
Adjustments to reconcile net income to
Net Cashflow from Operating Activities:
Add: Depreciation 82,000
Less: Accounts Payable decrease (3,300)
Accounts Receivable increase (9,200)
Inventory increase (12,300)
Add: Income tax payable increase 4,900
$62,100
Net cashflow: Operating Activities $399,600
Cashflow from Investing activities:
Add: Sale of Land 40,000
Less: Purchase of Building (149,500)
Net cashflow: Investing activities ($109,500)
Cashflow from Financing activities:
Less: Cash dividends paid (10,100)
Purchase of treasury stock (37,000)
Add : Bond issuance 225,000
Net cashflow: Financing activities $177,900
Total Cashflow increase (decrease) $468,000
Beginning Cash balance $40,000
Ending Cash balance $508,000
what is the fullform of MAN
Answer:
hope help to u
Explanation:
Metropolitian Area Network
Answer:
metropolitian area network
Identify the like terms.
7y + 5x - 9 + 2y - 12x
Combine like terms.
9k - 2 + 3k
Vocabulary:
Expression, equation, like terms, combine, variable, coefficient, constant.
Mini Lesson:
Model Examples:
Simplify the expression.
5xy - 2xy + 5k - 3 + 8k + 9
Simplify the expression.
2 ( x - 5 ) - 3y + 6x
Each person in a group buys a ticket, a medium drink, and a large popcorn. Write an expression in simplest form that represents the amount of money the group spends at the movie.
Independent Practice:
Mild:
Identify the like terms.
6xy + 6y - 5xy + 3
Simplify the expression:
7z - 5 + 6z
Simplify the expression:
6x2 + 3x + 2x2 + 7x + 2
Medium: Simplify the expression.
6 ( 2y - 5 ) + 2y
5x2y + 12x + 6x2y + 15 + 2k
Spicy:
Write an expression in simplest form that represents the earnings for washing and waxing x cars and y trucks.
You apply gold foil to a piece of red poster to make the design shown.
Write an expression in simplest form that represents the area of the gold foil.
Find the area of the gold foil when x = 3.
Answer:
Explanation:
7
+
5
−
9
+
2
−
1
2
7y+5x-9+2y-12x
7y+5x−9+2y−12x
Simplify
1
Combine like terms
7
+
5
−
9
+
2
−
1
2
{\color{#c92786}{7y}}+5x-9+{\color{#c92786}{2y}}-12x
7y+5x−9+2y−12x
9
+
5
−
9
−
1
2
{\color{#c92786}{9y}}+5x-9-12x
9y+5x−9−12x
2
Combine like terms
3
Rearrange terms
Solution
−
7
+
9
−
9
This company purchased a truck at a cost of $12,000. The truck has an estimated residual value of $2,000 and an estimated life of 5 years, or 100,000 hours of operation. The truck was purchased on January 1, 2012, and was used 27,000 hours in 2012 and 26,000 hours in 2013. Refer to Fabian Woodworks. If the company uses the units-of-production method, what is the depreciation rate per hour for the equipment
Answer:
The correct answer is $0.10 per hour
Explanation:
According to the scenario, the calculation of the depreciation rate per hour using the units-of-production method is as follows
= (Purchase cost - estimated residual value) ÷ (estimated hours of operation)
= ($12,000 - $2,000) ÷ (100,000 hours)
= ($10,000) ÷ (100,000 hours)
= $0.10
hence, the depreciation rate per hour for the equipment is $0.10
There are 5,000 shares of $50 par value preferred stock outstanding l, and 25,000 shares of common stock outstanding. Preferred stock has an 8 percent guaranteed rate return. Dividends are declared of $1.25 per share of common stock, together with the guaranteed rate for preferred stock
Answer:
common shares: $31,250
preferred stocks: $20,000
Explanation:
There are 5000 outstanding preferred stocks with a par value of $50
The common shares are 25,000
Divided for preferred stock are at 8%
the actual dividends will be
=(8/100 x $50) x 5000
=$4 x 5000
=$20,000
Dividends for common shares are at $1.25 per share.
Total dividends = $1.25 x 25,000
=$31,250
Answer:
the answer above me is correct
Explanation:
i got it right
QS 23-16 Product pricing LO P6 Garcia Co. sells snowboards. Each snowboard requires direct materials of $122, direct labor of $52, and variable overhead of $67. The company expects fixed overhead costs of $679,000 and fixed selling and administrative costs of $114,000 for the next year. It expects to produce and sell 12,200 snowboards in the next year. What will be the selling price per unit if Garcia uses a markup of 10% of total cost
Answer:
Selling price= $336.6
Explanation:
Giving the following information:
Variable costs:
direct materials= $122
direct labor= $52
variable overhead= $67
Total unitary variable cost= $241
Total fixed costs= 679,000 + 114,000= $793,000
First, we need to calculate the total unitary cost:
Total unitary cost= (793,000/12,200) + 241
Total unitary cost= $306
Now, the selling price:
Selling price= 306*1.1
Selling price= $336.6