Answer:
4
non of
the above
I hope
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answer
Use the following information to answer this question.
Windswept, Inc. 2010 Income Statement ($ in millions)
Net sales $10,700
Less: Cost of goods sold 8,050
Less: Depreciation 380
Earnings before interest and taxes $2,270
Less: Interest paid 104
Taxable Income $2,166
Less: Taxes 650
Net income $1,516
Required:
What amount should be included in the financing section of the 2010 statement of cash flows for dividends paid?
Answer:
See below
Explanation:
The above is an incomplete question, however, from a similar question values of beginning retained earnings, ending retained earnings were given to compute the dividend paid.
Given that;
Beginning retained earnings = $700 million
Ending retained earnings = $450 million
Net income = $1,516 million
Closing retained earning = Beginning retained earning + Net income - Dividends paid
$450 = $700 + $1,516 - Dividends paid
$450 = $2,216 - Dividends paid
Dividends paid = $1,766
From the interest tables in Appendix B, determine the values of the following factors by interpolation and compare your results with those obtained from evaluating the A/P and P/A interest formulas.
1. The capital-recovery factor for 38 periods at 6.25% interest.
2. The equal-payment series present-worth factor for 85 periods at 9.25% interest.
Answer:
When compared with results obtained using Interpolation there is a variance of more than 1/3 of a point ( for both A and B )
Results obtained via A/P and P/A interest formulas
A) 0.0694
B) 10.8049
Explanation:
A) calculating The capital recovery factor for 38 periods at 6.25%
using the A/P interest formula
where ;
p = present value , i = annual interest rate, n = number of years
hence CRF ( capital recovery factor ) = 0.0694
B) Calculating the equal-payment series PWF
using the P/A interest formula
where ; p = present value , i = annual interest rate, n = number of years
hence PWF ( present worth factor ) = 10.8049
attached below is the detailed solution
When compared with results obtained using Interpolation there is a variance of more than 1/3 of a point ( for both A and B )
Urshela Company paid four months insurance on October 1, 2017 for $13,200. Urshela originally recorded the full insurance payment in the prepaid insurance account, Urshela operates on a calendar year basis. What adjusting journal entry would Urshela be required to make at 12/31 to properly recognize insurance expense for the year
999 trillion dollars in a year
The plaintiff and the defendant entered into a three-year contract in which the defendant would be the sole supplier of steel parts that the plaintiff used in its products. A dispute arose after the defendant sought to surcharge the parts sold to reflect increased costs. The plaintiff filed a lawsuit for breach of contract, and the jury returned a verdict in favor of the defendant, finding on a special verdict that there had been a valid modification to the contract, based solely on e-mails between the parties. Is this evidence enough to support a reformation of the contract?
Answer:
Yes
Explanation:
Emails show an agreement between the defendant and the plaintiff and as long as they are proved to be actually between the parties, it is considered evidence.
We must note that the price of the material is one of the most significant elements of any selling or manufacturing agreement and there must be a written agreement on the terms of increase in price to accommodate any changes in the price of the material by both the parties in the agreement.
Is email considered a legal document?As the court found that there has been a modification of the terms of the contract only on the basis of the written e-mails, in my opinion, it is not a valid argument.
Contract Modification Law?Any changes in the terms of the contracts must be included in the new or modified agreement. Thus, in my opinion, it is not a valid reason to form a modified contract unless a new contract is made including the new terms and conditions.
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The following list includes selected permanent accounts and all of the temporary accounts from the December 31 unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko, Emiko Co. uses a perpetual inventory system.
Credit Debit $ 30,000 5,600 33,000 $529,000 Merchandise inventory Prepaid selling expenses Dividends Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses 17,500 5,000 212,000 48,000 15,000 36,000 105,000
Additional Information
Accrued and unpaid sales salaries amount to $1700. Prepaid selling expenses of $3,000 have expired. A physical count of year-end merchandise inventory is taken to determine shrinkage and shows $28.700 of goods still available.
(a) Use the above account balances along with the additional information, prepare the adjusting entries.
(b) Use the above account balances along with the additional information, prepare the closing entries.
Answer:
a) Dr Sales salaries expense $1,700
Cr Sales salaries payable $1,700
Dr Selling expense $3,000
Cr Prepaid selling expense $3,000
Dr Cost of goods sold $1,300
Cr Inventory $1,300
b) 1. Dr Sales revenue $529,000
Cr Income summary $529,000
2. Dr Income summary $444,500
Cr Cost of goods sold $213,300
Cr Sales return and allowance $17,500
Cr Sales discount $5,000
Cr Sales salaries expense $49,700
Cr Utilities expense $15,000
Cr Selling expense $39,000
Cr Administrative expense $105,000
3.Dr Income summary $84,500
Cr Retained earnings $84500
4. Dr Retained earnings $33,000
Cr Dividend $33,000
Explanation:
a) Preparation of the adjusting entries.
Dr Sales salaries expense $1,700
Cr Sales salaries payable $1,700
Dr Selling expense $3,000
Cr Prepaid selling expense $3,000
Dr Cost of goods sold $1,300
($30,000-$28,700)
Cr Inventory $1,300
b) Preparation of the closing entries.
1. Dr Sales revenue $529,000
Cr Income summary $529,000
2. Dr Income summary $444,500
($213,300+$17,500+$5,000+$49,700+$15,000+$39,000+$105,000)
Cr Cost of goods sold $213,300
($212,000+$1,300)
Cr Sales return and allowance $17,500
Cr Sales discount $5,000
Cr Sales salaries expense $49,700
($48,000+$1,700)
Cr Utilities expense $15,000
Cr Selling expense $39,000
($36,000+$3,000)
Cr Administrative expense $105,000
3. Dr Income summary $84,500
($529,000-$444,500)
Cr Retained earnings $84500
4. Dr Retained earnings $33,000
Cr Dividend $33,000
Why is the infrastructure used for marketing sales in the past becoming useless for today’s needs?
I’ll give brainlest to the best answer!!
Answer:
The infrastructure used for marketing sales in the past becoming useless for today’s needs is described below in detail.
Explanation:
Public activities are the design of modern life. Whether community or agricultural, the roads that convey our goods, the gutters that preserve our health and wealth, the cables that provide our electricity, and the vessels that transport our water enable society to operate. Every amenity our neighborhoods take for the award is built on preparation, architecture, building, and managing these assets.
Throughout history, people have prospered through improvements in government works.
Which of the following statements are true?
a. Markets by definition involve the exchange of money for goods and services.
b. Markets are forums in which parties exchange goods and services at a "price," where the latter can be flexibly construed.
c. Your current economics course, the next election, and the dating scene can all be seen as markets.
Answer:
C
Explanation:
A market is a place where goods and services can be exchanged at a predetermined price. A market does not have to be a physical location. With the advent of technology, a market can exist virtually. Money can be used in the exchange of goods or services or goods can be used for the exchange. In the case where goods are used in the exchange, it is known as trade by barter
Two different manufacturing processes are being considered for making a new product. The first process is less capital-intensive, with fixed costs of only per year and variable costs of per unit. The second process has fixed costs of but variable costs of only per unit.
What is the break-even quantity, beyond which the second process becomes more attractive than the first?
the volume at which the second process becomes more attractive is ..... units
Answer:
Hello your question is incomplete below is the complete question
Two different manufacturing processes are being considered for making a new product. The first process is less capital-intensive, with fixed costs of only $49,700 per year and variable costs of $740 per unit. The second process has fixed costs of $391,000 but variable costs of only $160 per unit. a. What is the break-even quantity, beyond which the second process becomes more attractive than the first? the volume at which the second process becomes more attractive is ..... units
answer : At ≥ 589 units the second process becomes more attractive
Explanation:
A) Determine the breakeven quantity that makes the second process more attractive
the second process has a higher fixed cost of $391000
x = volume of sales that makes process 1 as profitable as process 2
sales = fixed cost + Total variable cost
profit = (( selling price ) * X ) - (variable cost * X ) - fixed cost
Assuming the profit made from process 1 = process 2
((selling price * X ) - ( variable cost of process 1 * X ) - fixed cost of process 1 =((selling price * X ) - ( variable cost of process 2 * X ) - fixed cost of process 2
hence ;
x = ( fixed cost of process 2 - fixed cost of process 1 ) / ((variable cost of process 1) - (variable cost of process 2 ))
= ( 391000 - 49700 ) / ( 740 - 160 )
= 588.44 units ≈ 588 units ( both process will yield same profitability
At ≥ 589 units the second process becomes more attractive
In each of the following cases, determine how supply or demand shifts and how the equilibrium changes.
Select the correct answer in each blank space (_______)
a. Smartphones: Microchips used in smartphones become less costly to produce. As a result, the __________________( *Supply of and demand for, *Supply of, or *Demand for) smartphones increase(s), causing the equilibrium price to (*Rise, *Fall, or *Rise, fall or remain unchanged) and the equilibrium quantity to (*Rise, fall or remain unchanged, *Rise, *Fall)
b. ALS medical research funds: The ALS ice bucket challenge goes viral, leading to greater awareness of the benefits of and need for ALS research. As a result, the _____________ ( *Supply of and demand for, *Supply of, or *Demand for) ALS research increase(s), causing the equilibrium price (or opportunity cost) of such research to __________ (*Rise, fall or remain unchanged, *Rise, *Fall) and the equilibrium quantity to __________ (*Rise, fall or remain unchanged, *Rise, *Fall)
Answer:
Supply of
fall
rise
b. demand for
rise
rise
Explanation:
A microchip is a complement in the production of smartphones
Complement goods are goods used together.
If the price of microchips reduces, the cost of making smartphones falls and as a result, the supply of smart phones increases. This would lead to a rightward shift of the supply curve. This leads to a decrease in equilibrium price and an increase in equilibrium quantity
Due to the awareness, the demand for ALS research would increase, this would lead to a rise in price and quantity demanded.
Trevor Williams Company borrowed $10,000 from Mike Trout National Bank on May 1, 2019. Interest on the note, which accumulates at 6% annually, is paid when the loan principal is repaid. The loan remains outstanding on June 30 when both the Williams Company’s and the Trout National Bank close their books to prepare financial statements. Other than cash, The Williams Company’s balance sheet shows which of these amounts related to the loan?
a. Reduce June's pre-tax income by $50
b. Reduce June's pre-tax income by $100
c. Increase June's pre-tax income by $100
d. Increase June's pre-tax income by $50
Answer:
Trevor Williams Company
a. Reduce June's pre-tax income by $50
Explanation:
a) Data and Calculations:
Bank loan = $10,000
Date of loan = May 1, 2019
Interest rate on loan = 6%
This amounts to an interest expense of $600 ($10,000 * 6%) per annum
Accounting year end = June 30
To account for the two months at year-end, the interest expense will be $100 ($600 * 2/12), but to account for only June, the interest expense is only $50.
b) Interest expense, whether paid for in cash or not, reduces the pre-tax income. It is accounted for in the income statement after the earnings before interests and taxes.
Sara’s Salsa Company produces its condiments in two types: Extra Fine for restaurant customers and Family Style for home use. Salsa is prepared in department 1 and packaged in department 2. The activities, overhead costs, and drivers associated with these two manufacturing processes and its production support activities follow.
Process Activity Overhead cost Driver Quantity
Department 1 Mixing $6,000 Machine hours 2,400
Cooking 10,800 Machine hours 2,400
Product testing 114,000 Batches 750
$130,800
Department 2 Machine calibration $325,000 Production runs 650
Labeling 18,000 Cases of output 160,000
Defects 6,000 Cases of output 160,000
$349,000
Support Recipe formulation $84,000 Focus groups 50
Heat, lights, and water 42,000 Machine hours 2,400
Materials handling 80,000 Container types 10
$206,000
Additional production information about its two product lines follows.
Extra Fine Family Style
Units produced 35,000 cases 125,000 cases
Batches 350 batches 400 batches
Machine hours 1,000 MH 1,400 MH
Focus groups 34 groups 16 groups
Container types 4 containers 6 containers
Production runs 260 runs 390 runs
1. Using a plantwide overhead rate based on cases, compute the overhead cost that is assigned to each case of Extra Fine Salsa and each case of Family Style Salsa.
2. Using the plantwide overhead rate, determine the total cost per case for the two products if the direct materials and direct labor cost is $10 per case of Extra Fine and $9 per case of Family Style.
3-A. If the market price of Extra Fine Salsa is $19 per case and the market price of Family Style Salsa is $13 per case, determine the gross profit per case for each product.
3-b. What might management conclude about the Family Style Salsa product line.
Answer:
1.$4.29 per cases
2. Extra Fine $14.29
Family Style $13.29
3a. Extra Fine $4.71
Family Style $0.29
3b. What might the management conclude about the Family Style Salsa product line is that Family Style salsa are not yielding profit which may may inturn make make the company to stop the production of the product in a situation where either the cost are not reduced or where the price.
Explanation:
1. Computation for the overhead cost that is assigned to each case of Extra Fine Salsa and each case of Family Style Salsa using Plantwide overhead rate
Using this formula
Overhead cost=Total overhead cost/Total volume
Let plug in the formula
First step is to calculate the Total overhead cost
Total overhead cost = $130,800 + $349,000 +$206,000
Total overhead cost =$685,800
Second step is to calculate the Total volume
Total volume= 35,000 + 125,000 cases
Total volume=160,000 cases
Now let calculate the Overhead cost
Overhead cost=$685,800/160,000 cases
Overhead cost=$4.29 per cases (rounded)
Therefore since we are making use of plantwide rate which means that same overhead cost of the amount of $4.29 per cases will be assigned to each of the two case .
2. Calculation to determine the total cost per case for the two products
Extra Fine Family Style
Direct materials + Direct Labor $ 10.00 $ 9.00
Add Overhead $4.29 $4.29
Manufacturing cost per case $ 14.29 $ 13.39
Therefore the the total cost per case for the two products will be:
Extra Fine $14.29
Family Style $13.29
3-A Calculation to determine the gross profit per case for each product.
Extra Fine Family Style
Selling price per case $ 19.00 $ 13.00
Less Manufacturing cost per case $14.29 $13.29
Gross profit (loss) per case $ 4.71. $ (0.29 )
Therefore the gross profit per case for each product will be ;
Extra Fine $4.71
Family Style $0.29
3-b. Based on the above Calculation What might the management conclude about the Family Style Salsa product line is that Family Style salsa are not yielding profit which may may inturn make make the company to stop the production of the product in a situation where either the cost are not reduced or where the price.
Here is the ledger for Blossom Company.
Cash
Oct. 1 8,660 Oct. 4 2,060
Oct. 10 2,640 Oct. 12 3,160
Oct. 10 9,660 Oct. 15 360
Oct. 20 810 Oct. 30 410
Oct. 25 3,660 Oct. 31 610
Accounts Receivable
Oct. 6 910 Oct. 20 810
Oct. 20 1,030
Supplies
Oct. 4 2,060 Oct. 31 1,840
Equipment
Oct. 3 4,660
Notes Payable
Oct. 10 9,660
Accounts Payable
Oct. 12 3,160 Oct. 3 4,660
Common Stock
Oct. 1 8,660
Oct. 25 3,660
Dividends
Oct. 30 410
Service Revenue
Oct. 6 910
Oct. 10 2,640
Oct. 20 1,030
Salaries and Wages Expense
Oct. 31 610
Supplies Expense
Oct. 31 1,840
Rent Expense
Oct. 15 360
Required:
Reproduce the journal entries for only the transactions that occurred on October 1, 10, and 20.
b.Prepare a trial balance at October 31.
Answer:
1/Oct : Cash (Dr.) $8,660
Accounts Receivable (Cr.) $8,660
10/Oct : Equipment & Supplies (Dr.) $9,660
Notes Payable (Cr.) $9,660
20/Oct : Accounts Receivable (Dr.) $2,640
Service Revenue (Cr.) $2,640
Explanation:
Debits $16,960
Cash 6,600
Accounts Receivable 1,840
Supplies 1,840
Equipment 4,660
Dividend 2,020
Credits : $16960
Accounts Payable 4,660
Notes Payable 9,660
Service Revenue 2,640
Suppose Manuel is the only seller in the market for bottled water and Hubert is the only buyer. The following lists show the value Hubert places on a bottle of water and the cost Manuel incurs to produce each bottle of water:
Hubert's Value Manuel's Costs
Value of first bottle: $10 Cost of first bottle: $1
Value of second bottle: $7 Cost of second bottle: $3
Value of third bottle: $3 Cost of third bottle: $7
Value of fourth bottle: $1 Cost of fourth bottle: $10
The following table shows their respective supply and demand schedules:
Price Quantity Demanded Quantity Supplied
$1 or less 4 0
$1 to $3 3 1
$3 to $7 2 2
$7 to $10 1 3
More than $10 0 4
Use Raphae's supply schedule and Larry's demand schedule to find the quantity supplied and quantity demanded at prices of $2, $5, and $8.
A price of____brings supply and demand into equilibrium.
At the equilibrium price, consumer surplus is_____producer surplus is_____, and total surp is_____.
If Raphael produced and Larry consumed one less bottle of water, total surplus would_____.
if instead, Raphael produced and Larry consumed one additional bottle of water, total surplus would_____.
Answer:
Manuel and Hubert
A price of__$5__brings supply and demand into equilibrium.
At the equilibrium price, consumer surplus is__$2___producer surplus is__$2___, and total surplus is__$4___.
If Manuel produced and Hubert consumed one less bottle of water, total surplus would__$6___.
if instead, Manuel produced and Hubert consumed one additional bottle of water, total surplus would_$6____.
Explanation:
a) Data and Calculations:
Hubert's Value Manuel's Costs
Value of first bottle: $10 Cost of first bottle: $1
Value of second bottle: $7 Cost of second bottle: $3
Value of third bottle: $3 Cost of third bottle: $7
Value of fourth bottle: $1 Cost of fourth bottle: $10
The following table shows their respective supply and demand schedules:
Price Quantity Quantity
Demanded Supplied
$1 or less 4 0
$1 to $3 3 1
$3 to $7 2 2
$7 to $10 1 3
More than $10 0 4
Using Manuel's supply schedule and Hubert's demand schedule to find the quantity supplied and quantity demanded at prices of $2, $5, and $8.
Price Quantity Quantity
Demanded Supplied
$2 3 1
$5 2 2
$8 1 3
At the equilibrium price:
Consumer Surplus = $7 - $5 = $2
Producer Surplus = $5 - $3 = $2
Total surplus is $2 * 2 = $4
From the list below, choose the items that are classified as a materials activity(You may select more than one answer.
1. Raw materials used
2. Raw materials beginning inventory
3. Raw materials purchases
4. Work in process beginning inventory
5. Goods manufactured
6. Direct labor used
7. Factor overhead used
Answer:
youuurrr mooomm
Explanation:
:D
Bruno's is analyzing two machines to determine which one it should purchase. The company requires a rate of return of 14.6 percent and uses straight-line depreciation to a zero book value over a machine's life. Ignore bonus depreciation and taxes. Machine A has a cost of $318,000, annual operating costs of $8,700, and a life of 3 years. Machine B costs $247,000, has annual operating costs of $9,300, and a life of 2 years. Whichever machine is purchased will be replaced at the end of its useful life. Which machine should Bruno's purchase and why
Answer:
Machine A; because it will save the company about $13,406 a year
Explanation:
The computation is shown below:
Equate Annual Cost = PV of Cash Outflow ÷ PVAF (r%, n)
For Machine A:
Year CF PVF at 14.6% Disc CF
0 $3,18,000.00 1.0000 $3,18,000.00
1 $ 8,700.00 0.8726 $7,591.62
2 $8,700.00 0.7614 $6,624.45
3 $ 8,700.00 0.6644 $ 5,780.50
PV of Cash Outflow $3,37,996.58
PVAF(14.6%,3) 2.2985
PV of Cash Outflow $1,47,053.69
For Machine B:
Year CF PVF at 14.6% Disc CF
0 $2,47,000.00 1.0000 $2,47,000.00
1 $9,300.00 0.8726 $8,115.18
2 $9,300.00 0.7614 $7,081.31
PV of Cash Outflow $2,62,196.49
PVAF(14.6%,2) 1.6340
PV of Cash Outflow $1,60,459.86
So the machine cost would be purchased as it lower the cost by $13,406.17
Online recommendation engines typically are based on
Answer:
An online recommendation engine is a set of software algorithms that uses past user data and similar content data to make recommendations for a specific user profile. An online recommendation engine is a set of search engines that uses competitive filtering to determine what content multiple similar users might like.
Explanation:
Which of the following would indicate an improvement in a company's financial position, holding other things constant? a. The inventory and total assets turnover ratios both decline. b. The debt ratio increases. c. The current and quick ratios both increase. d. The profit margin declines. e. The EBITDA coverage ratio declines.
Answer:
C (The current and quick ratios both increase.)
Explanation:
An improvement in a company's financial position, holding other things constant indicates the current and quick ratios both increase. Thus, the correct option is (C).
The quick ratio, commonly referred to as the acid-test ratio, is a sort of liquidity ratio used in finance that gauges a company's capacity to use its near-cash or quick assets to rapidly pay off or retire its current obligations.
The current ratio, a liquidity ratio, evaluates a business's ability to pay short-term loans or those that are due within a year.
It shows investors and analysts how a corporation may make the most use of its current assets to pay down its other payables and current obligations.
Therefore, the correct option is "C".
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In the United States, the federal government enforces antitrust laws and regulations to try to maintain effective levels of competition
True
False
Answer:
True
Explanation:
Trust me ;)
_____ are products that are bought from one country for use in another just as the U.S. buys wood pulp and timber from Canada.
Exports
Tariffs
Tangibles
Countertrades
Imports
During the summer between his junior and senior years, James Cook needed to earn sufficient money for the coming academic year. Unable to obtain a job with a reasonable salary, he decided to try the lawn care business for three months. After a survey of the market potential, James bought a used pickup truck on June 1 for $1,160. On each door he painted "James Cook Lawn Service, Phone 471-4487." He also spent $680 for mowers, trimmers, and tools. To acquire these items, he borrowed $2,520 cash by signing a note payable promising to pay the $2,520 plus interest of $65 at the end of the three months (ending August 31)
Answer:
Half of the question is missing, so I looked for similar ones and found the attached image.
Explanation:
We must determine James' profit for the summer:
Cash collected $12,800
Receivables $730
total revenue = $13,530
Expenses:
Gas, oil and lubrication $1,080 + $190 = $1,270
Repairs $550
Supplies $230
Salaries $6,000
Payroll taxes $290
Filing taxes services $35
Insurance $245
telephone $270
interest expense $65 (I'll use the information provided in the question)
Depreciation $620
total expenses = $9,575
net income = $13,530 - $9,575 = $3,955
In a small town, there is a shoe factory which employs workers at $15 an hour, for forty-hour weeks. There is a writer, who expects to finish a novel in nine months. If he does not write the novel, he can teach high school English for $12 an hour. What is his opportunity cost of writing the novel
Answer:
the amount he would have earned if he taught, $12
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
If the writer decides to write, he loses the opportunity to teach and earn $12. This is his opportunity cost.
Also, if he decided to teach instead, his opportunity cost the time he could have spent writing the novel
Based on the statement, explain FIVE (5) reasons why customer relationship is important for business
success.
Answer:
is this your homework?? xD
Explanation:
anyway its because it helps businesses build a relationship with their customers that, in turn, creates loyalty and customer retention. Since customer loyalty and revenue are both qualities that affect a company's revenue, CRM is a management strategy that results in increased profits for a business.
Steve has been given the charge of managing unskilled labor in the production units of his company. These workers are primarily motivated by financial incentives and other perks such as discount coupons and free movie or lunch days. In this scenario, which of the following power bases should Steve primarily use to influence the workers to improve their productivity?
a. Referent power
b. Expert power
c. Reward power
d. Information power
Answer:
c. Reward power
Explanation:
Reward power is the power to influence employees or to impress employees by giving them some reward for doing certain things. The reward is clear and vague . so correct option is c. Reward powerSheila Williams, a medical secretary, earns $2,437 monthly for a 34-hour week. For overtime work, she receives extra pay at the regular hourly rate up to 40 hours and time and one-half beyond 40 hours in any week. During one semimonthly pay period, Williams worked 10 hours overtime. Only 2 hours of this overtime were beyond 40 hours in any one week. Compute the following amounts:
a. The regular semimonthly earnings
b. The overtime earnings
c. The total earnings
Answer:
a. The regular semimonthly earnings
regular semimonthly earnings = [34 hours + 34 hours + (10 hours - 2 hours)] x [$2,437 / (34 hours x 4)] = 76 hours x $17.92/hr = $1,361.85
b. The overtime earnings
overtime earnings = 2 hours x [$2,437 / (34 hours x 4)] x 1.5 = $53.76
c. The total earnings
total earnings = $1,361.85 (regular earnings) + $53.76 (overtime earnings) = $1,415.61
In the midst of closing procedures, Echo Corporation's accountant became ill and was hospitalized. You have volunteered to complete the closing of the books, and you find that all revenue and expense accounts have zero balances. The Dividends account has a debit balance of $18,750. The Retained Earnings accounts has a beginning credit balance of $134,000. Expenses totaled $325,500 and revenues totaled $364,400.
Prepare journal entries to complete the closing procedures as of year-end. To close the Dividends account.
Answer:
Revenues Dr $364,400
Income summary Cr $364,400
(Closing revenue accounts)
Income summary Dr $325,500
Expenses Cr $325,500
(Closing expense accounts)
Income summary Dr $38900
Retained earnings Cr $38900
(Transferring balance in income summary to retained earnings)
Dividends Dr $18,750
Retained earnings Cr $18,750
(Closing of dividends)
Focus groups an example of what type of research
Answer:
i think focus groups would be case studies? i'm not sure though
Explanation:
Methodology :
Types of research.
Correlational research.
Descriptive research.
Ethnographic research.
Cross-sectional studies.
Longitudinal studies.
Case studies.
A counterfeit id is intended to an official document, but is not authentic
Answer:
If this is the case then it is not valid.
Explanation:
Any counterfeit id is illegal and should never be rendered to be used for any purpose in relation to official documents.
If the government places a $2 tax per bag of potato chips on the producers, what would the consumers of potato chips observe? a. There would be no change in price and the consumer would not notice. b. The government would tax individuals who bought too many potato chips. c. Consumers would pay the full $2 tax in the form of a price increase. d. The price of potato chips would rise by some amount, but by less than $2.
Answer
d. the price of potato hips would rise by some amount
Explanation:
If the government places a $2 tax per bag of potato chips on the producers, then the price of potato chips would rise by some amount, but by less than $2. Option (d) is correct.
What do you mean by Tax?In order to pay for general government services, goods, and activities, local, state, and federal governments must collect mandated payments or charges from citizens and corporations.
While taxes cause deadweight loss, the exact amount depends on a number of factors. The ability of a provider to deliver the desired goods to the customer and the amount that a consumer is ready to spend on a product are two of the most crucial factors. This is an illustration of the economic principle of supply and demand.
The supply curve shows an upward tendency when the price of potatoes rises by $2 tax because more potatoes are supplied. If a non-price element changes, the supply curve shifts to the right.
Therefore, Option (d) is correct.
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To set up Instant Desposits, what must be done first?
Answer:
Open a new "deposit-only" bank account and link it to QuickBooks Online
Explanation:
To set up instant deposits, a QuickBooks payment account will be needed first. The debit card of the customer is used by the QuickBooks to deposit money into his or her checking account.
To begin, the customer signs into QuickBooks online. At the sales menu, the deposits tab is selected. The customer selects the Get Set Up option, enters his debit card details , a confirmation code and then verifies the newly set up account.
A limit buy order is an order to buy if the stock price goes ___ a specified level; a stop buy is an order to buy if the stock price goes ___ a specified level; a limit sell is an order to sell if the stock price goes ___ a specified level; a stop loss is an order to sell if the stock price goes ___ a specified level.
Answer:
YES
Explanation: