Answer:
see explanation
Explanation:
Hi, your question is incomplete, I tried to look for it online but I could not find it. Here is an explanation on the steps to solve the problem.
Step 1 : Determine the Total Materials Cost
Total Materials Cost
Opening WIP cost $310,000
Costs added during the period $40500
Total $350,500
Step 2 : Total Equivalent units for materials
Equivalent units for materials = Completed units + Equivalent units in ending work in process inventory.
Step 3 : Unit equivalent cost for materials
Unit equivalent cost = Total Cost ÷ Total equivalent units
Step 4 : ending work in process inventory cost
Ending work in process inventory = Unit equivalent cost x equivalent units in ending work in process with respect to materials
Andy is driving a 20-year-old boat that he borrowed from a friend. While he's on the water, the steering system fails and the boat crashes. Subsequent investigation shows that the steering system failed as a result of corrosion. Andy sues the boat manufacturer for negligence. How strong is his negligence case against the product manufacturer
Answer:
Weak.
Explanation:
In the given scenario, the case is weak because Andy cannot sue the manufacturer company for negligence.
it is because Andy is driving a 20-year-old boat. So, Andy cannot prove that the corrosion was due to manufacturing defect. The possibility of corrosion must be the wearing or tearing away of the boat.
Normally, material corrodes if not taken care of properly or due to a long lifespan.
Therefore, the case of Andy against the product manufacturer is weak.
Sheffield Corp. sold $120000 of goods and accepted the customer's $120000 8%, 1-year note receivable in exchange. Assuming 8% approximates the market rate of return, what would be the debit in this journal entry to record the sale
Answer:
The journal entry to record the sale :
Debit : Note Receivable $120000
Credit : Sales Revenue $120000
Explanation:
The journal entry to record the sale includes a Debit entry of a Note Receivable at the amount owed by the customer since there was no immediate payment of cash and a Credit entry of Sales Revenue to recognize Income earned.
What does project failure mean? What are some examples?
Answer:
that's mean A project is considered a failure when it has not delivered what was required, in line with expectations
Explanation:
Therefore, in order to succeed, a project must deliver to cost, to quality, and on time; and it must deliver the benefits presented in the business case.
A sum of $5,000 is invested for five years with varying annual interest rates of 9%, 8%, 12%, 6%, and 15%, respectively (for example, in the first year 9% interest is accrued and 8% in the second year and so on). The future amount after 5 years is equal to ____________.
Answer:
The future amount after 5 years is equal to $8,036.04.
Explanation:
This can be calculated using the future value (FV) formula as follows:
FV after 1 year = Invested amount * (100% + Year 1 interest rate)^Number of year = $5,000 * (100% + 9%)^1 = $5,450.00
FV after 2 years = FV after 1 year * (100% + Year 2 interest rate)^Number of year = $5,450 * (100% + 8%)^1 = $5,886.00
FV after 3 years = FV after 2 years * (100% + Year 3 interest rate)^Number of year = $5,886 * (100% + 12%)^1 = $6,592.32
FV after 4 years = FV after 3 years * (100% + Year 4 interest rate)^Number of year = $6,592.32 * (100% + 6%)^1 = $6,987.86
FV after 5 years = FV after 4 years * (100% + Year 5 interest rate)^Number of year = $6,987.86 * (100% + 15%)^1 = $8,036.04
Therefore, the future amount after 5 years is equal to $8,036.04.
Note: The number of year used in each of the calculation above is 1 because the interest was changing after one year.
The fundamental role of strategy is to: a. Determine how the firm will make a profit in its industry environment b. Determine how the firm will deploy its resources to satisfy its short-term financial goals c. Determine how the firm will deploy its resources to satisfy its long-term goals, given the conditions in the competitive environment d. Determine how the firm can organize its own activities and achieve dominance
Answer:
c. Determine how the firm will deploy its resources to satisfy its long-term goals, given the conditions in the competitive environment
Explanation:
The main role of the organization strategy is to implement the plan with respective to the development and deploying of the resources of the organization in order to attain the long term goals. It involved the word class quality of product or services that satisfy the customer needs as compared with the competitor. So here only long term goals option is considered
the most effective use of the interim ___ is to establish cost standards and compare the actual amount with the budgeted amount for that time period
Answer:
income statement
inventory analysis (w)
Explanation:
When an intranet is extended outside the corporate walls to include suppliers, customers, or other external agents, it becomes a(n
Answer:
Extranet
Explanation:
intranet can be regarded as private network which is been contained within an enterprise and it is used to securely share the information if company and computing resources among employees. It can also be utilized in facilitation of working in groups as well as teleconferences.
Extranet can be regarded as controlled private network which give access to partners as well as vendors and suppliers, and authorized set of customers so that they can be a
subset of the information which will be accessible from intranet of the organization. It should be noted that When an intranet is extended outside the corporate walls to include suppliers, customers, or other external agents, it becomes Extranet.
The dollar amount by which total rent exceeds base rent under a percentage lease for retail is referred to as:
Answer:
vacancy
Explanation:
Vacancy. The dollar amount by which total rent exceeds base rent under a percentage lease for retail is referred to as. Overage rent.
The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. 20Y3 20Y2 20Y1 Accounts receivable, end of year $710,000 $630,000 $565,000 Sales on account 5,691,000 4,628,500 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Assume a 365-day year. Do not round intermediate calculations. Round your answers to one decimal place. 20Y3 20Y2 1. Accounts receivable turnover fill in the blank 2 fill in the blank 3 2. Number of days' sales in receivables fill in the blank 4 days fill in the blank 5 days The collection of accounts receivable has . This can be seen in both the in accounts receivable turnover and the in the collection period.
Answer:
Sigmon Inc.
1. Accounts receivable turnover = Sales/Average accounts receivable
20Y3 = 8.49x
20Y2 = 7.75x
2. Number of days sales in receivables = 365/Accounts receivable turnover
20Y3 = 43 days
20y2 = 47.1 days
3. The collection of accounts receivable has improved from 47.1 days to 43 days. This can be seen in both the in accounts receivable turnover and the in the collection period.
Explanation:
a) Data and Calculations:
Terms of all sales are 2/10, n/45
20Y3 20Y2 20Y1
Accounts receivable, end of year $710,000 $630,000 $565,000
Sales on account 5,691,000 4,628,500
Average accounts receivable 670,000 597,500
1. Accounts receivable turnover = Sales/Average accounts receivable
20Y3 = 8.49x ($5,691,000/$670,000)
20Y2 = 7.75x ($4,628,500/$597,500)
2. Number of days sales in receivables = 365/Accounts receivable turnover
20Y3 = 43 days (365/8.49)
20y2 = 47.1 days (365/7.75)
I need money help me!
Answer:
Leadership in restaurants calls for implementing systems that ensure the smooth running of the business. This means setting up systems that help with cash flow management, inventory tracking, staff management, training programs and others. That is not all.
Explanation:
Great knowledge of the restaurant business
Motivate your staff and recognize their achievement
Set Goals
Set training programs
Handle stress
Delegate wisely
Be approachable and trustworthy
Leaders in the restaurant industry are realizing that old vertical leadership styles don't bring the desired results. By generating resentment, dependence, passivity, feelings of inferiority or mistrust, they do not motivate people to give their best, to work with excellence and to be in a continuous learning process; nor do they encourage unity, collaboration, and synergy.
It is for this reason, a growing number of restaurant owners are beginning to practice service-oriented leadership, which I define as servant leadership.
ou plan to deposit $5,900 at the end of each of the next 20 years into an account paying 10.8 percent interest. a. How much will you have in your account if you make deposits for 20 years
Answer:
$326,622.73
Explanation:
Calculation to determine How much will you have in your account if you make deposits for 20 years
Using this formula
Future value = Annuity × {( 1 + interest rate) ^ time period - 1} ÷ interest rate
Future value = $5,900 × {( 1 + 0.097 ^ 20 years - 1} ÷ 0.097
Future value= $5,900 × 55.3597842916
Future value= $326,622.73
Therefore the amount you will have in your account if you make deposits for 20 years is $326,622.73
On January 1, 2020, Crane Company purchased 12% bonds having a maturity value of $430,000, for $462,600.36. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Crane Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category.
1. Prepare the journal entry at the date of the bond purchase.
2. Prepare a bond amortization schedule.
Answer and Explanation:
1. The journal entry is given below;
On Jan 1, 2020
Investment in bond Dr $430,000.00
Premium on bond investment Dr $32,600.36
To Cash $462,600.36
(being the investment in bond is recorded)
2. The preparation of the bond amortization schedule is presented below;
Date Cash Interest Premium Carrying amount of
Received revenue Amortized bonds
1-Jan-20 $462,600.36
1-Jan-21 $51,600.00 $46,260.04 $5,339.96 $457,260.40
(12% of $430,000)
1-Jan-22 $51,600.00 $45,726.04 $5,873.96 $451,386.44
1-Jan-23 $51,600.00 $45,138.64 $6,461.36 $444,925.08
1-Jan-24 $51,600.00 $44,492.51 $7,107.49 $437,817.59
1-Jan-25 $51,600.00 $43,782.41 $7,817.59 $430,000.00
What are some items that you like to buy or wish you could buy?
Answer:
computer or brainly plus
In order to buy something you need enough money. I would buy something useful that I can still afford. Something like an sd card is something I've needed for a long time...
f an asset was purchased on January 1, Year 1, for $140,000 with an estimated life of 5 years, what is the accumulated depreciation at December 31, Year 4
Answer:
The answer is "[tex]\$ 112,000[/tex]"
Explanation:
[tex]\text{Straight-line method depreciation}=\frac{Asset\ costs}{Utility \ of \ life}[/tex]
[tex]= \frac{\$ 140,000}{5}\\\\= \$ 28,000[/tex]
On 31 December, accumulated depreciation:
[tex]= 4 \ years \times \$ 28,000\\\\=\$ 112,000[/tex]
If your firm is a potential entrant thinking about entering an industry, you want the entry barriers to be _____.
Answer:
High
Explanation:
Entrants can be regarded as firms that are willing in entering a particular industry. As regards to market theory, a potential entry can become actual entry into a market on some condition such as when existing firms that are in the market have their earns above the Normal profit. It should be noted that If your firm is a potential entrant thinking about entering an industry, you want the entry barriers to be High
If a business had a capacity of $10,000,000 of sales, actual sales of $6,000,000, break-even sales of $4,500,000, fixed costs of $1,800,000, and variable costs of 60% of sales, what is the margin of safety expressed as a percentage of sales
Answer:
2000000
Explanation:
because that is what is left
When Joshua's income increases, he purchases more prime-rib dinners than he did before his income increased. For Joshua, prime-rib dinners are Group of answer choices a normal good. an inferior good. an optimal good. a Giffen good.
Answer:
a normal good
Explanation:
A normal good is one that a consumer buys normally and when there is an increase in his income there is an increase in the demand of this good.
The opposite of this is an inferior good whose demand falls sometimes to zero as income increases. Consumers choose other goods to consume as income increases.
In the given instance where Joshua's income increases and he purchases more prime-rib dinners than he did before his income increased, this is a normal good for him.
Investment X offers to pay you $4,020 per year for 12 years, whereas Investment Y offers to pay you $2,041 per year for 7 years. How much higher is the present value investment X if the discount rate is 11 percent? Round to nearest whole number.
Answer:
$16,481.68
Explanation:
Note that the present value of each yearly cash inflow can be determined using the formula provided below:
PV of cash inflow=cash inflow/(1+discount rate)^n
n is the year in which the cash inflow is expected, it is 1 for year 1 cash inflow, 2 for year 2 and so on.
PV of Investment X=$4,020/(1+11%)^1+$4,020/(1+11%)^2+$4,020/(1+11%)^3+$4,020/(1+11%)^4+$4,020/(1+11%)^5+$4,020/(1+11%)^6+$4,020/(1+11%)^7+$4,020/(1+11%)^8+$4,020/(1+11%)^9+$4,020/(1+11%)^10+$4,020/(1+11%)^11+$4,020/(1+11%)^12
PV of investment X=$26,099.27
PV of investment Y=$2,041/(1+11%)^1+$2,041/(1+11%)^2+$2,041/(1+11%)^3+$2,041/(1+11%)^4+$2,041/(1+11%)^5+$2,041/(1+11%)^6+$2,041/(1+11%)^7
PV of investment Y=$9,617.59
the difference in PV=$26,099.27-$9,617.59
the difference in PV=$16,481.68
Betty (25 years old) studied music education in college and graduated a year ago. She currently works as a music teacher at a year-round private middle school. Her gross pay is $39600 a year, or $3300 a month. After taxes, health insurance, and other paycheck deductions, her net pay is $35900 a year. Based on recommended guidelines, how much money should Betty be saving each month
Answer:
Based on recommended guidelines, Betty should be saving at least $598.33 each month.
Explanation:
a) Data and Calculations:
Gross pay per year = $39,600
Gross pay per month = $3,300 ($39,600/12)
Net pay per year after deductions = $35,900
Total deductions for taxes, health insurance, etc. = $3,700 ($39,600 - $35,900)
Net pay per month after deductions = $2,992 ($35,900/12)
b) Based on the 50-30-20 budgeting method of spending 50% income on essentials, saving 20%, and leaving 30% for discretionary purchases, Betty should be saving at least $598.33 per month ($2,992 * 20%).
If a government fixes the wage rate above the mar-
ket equilibrium rate it will lead to
(A) ex-
cess demand for labour (B) low supply of labour
(C) excess supply of labour (D) industrial strike ac-
tions
Answer:
Option B
Explanation:
Fixing the wage rate above the market equilibrium rate will disturb the demand and supply equilibrium of labor resource.
Wage rate above market will make labor as a resource costly for business and hence, there is possibility that the demand for labor will lower down. Thus, the supply of labor will get low.
Hence, option B is correct
The following information is available for Kiss Company: Sales$100,000 Operating expenses$94,000 Operating assets$40,000 Stockholder's equity$25,000 Cost of capital 10% What is Kiss Company's residual income
Answer:
the residual income is $2,000
Explanation:
The computation of the residual income is shown below:
= Operating income - rate of return × operating assets
= ($100,000 - $94,000) - (10% × $40,000)
= $6,000 - $4,000
= $2,000
hence, the residual income is $2,000
The same is to be considered and relevant
. If the prices of goods and services were expressed in terms of $20 for a shirt, $100 for a purse, what function of money is being described here?
Answer: unit of account.
Explanation:
Money is anything that's generally accepted by the people and used for making purchases. There are different functions of money such as:
• Means of payment
• Store of value
• Unit of account
• Standard for defered payment
If the prices of goods and services were expressed in terms of $20 for a shirt, $100 for a purse, the function of money that is shown here is the unit of account.
Unit of account simply means the measurement of value. This is something through which goods can be valued.
The $1,000 face value ABC bond has a coupon rate of 10%, with interest paid annually, and matures in 3 years. If the bond is priced to yield 12%, what is the bond's value today
Answer:
Bond Price = $951.9633746 rounded off to $951.96
Explanation:
To calculate the quote/price of the bond today, which is the present value of the bond, we will use the formula for the price of the bond. As the bond is an annual bond, we will use the annual coupon payment, annual number of periods and annual YTM. The formula to calculate the price of the bonds today is attached.
Coupon Payment (C) = 1000 * 10% = $100
Total periods remaining (n) = 3
r or YTM = 12%
Bond Price = 100 * [( 1 - (1+0.12)^-3) / 0.12] + 1000 / (1+0.12)^3
Bond Price = $951.9633746 rounded off to $951.96
Springfield Bank holds $280 million in total deposits and $40.7 million in total reserves. With a required reserve ratio of 11.5 percent, how much in excess reserves is Springfield Bank holding?
a) $239.3 million
b) $247.8 million
c) $36 million
d) $32.2 million
e) $8.5 million
Answer:
e) $8.5 million
Explanation:
The computation of the excess reserve is shown below:
We know that
Excess reserve = total reserve - required reserve
where
Required reserve is
= Total deposits × required reserve ratio
= $280 × 11.5%
= $32.20
So, the excess reserve is
= $40.7 - $32.20
= $8.5 million
explain the function of an office
Answer: An office is a place to preform different activities of a business organization
Explanation:
The office preforms clerical function such as information collection recording and analyzing.
Question 2 of 8
2.0 Points
Income earned by the business from activities unrelated to its primary operations would be
classified as........ in the statement that measures its performance for a particular period.
Answer:
This type of income is known as non-operating income in the financial statements
Explanation:
Non-operating income, as the world implies, is the income that a firm earns from activities that are not related to its main economic activity. An example would be a mall, whose main activity is the rental and management of commercial real estate, earning some income from short-term investments in the secondary market. This interest would be reported as non-operating income, and would be treated as such for financial, accounting, and tax purposes.
On October 6, 2021, Ronan Corp. sold land to Bane Co., its wholly owned subsidiary. The land cost $72,400 and was sold to Bane for $96,000. For consolidated financial statement reporting purposes, when must the gain on the sale of the land be recognized?a. No gain may be recognized.b. As Bane uses the land.c. When Bane Co. sells the land to a third party.d. Proportionately over a designated period of years.e. When Bane Co. begins using the land productively.
Answer:
c. When Bane Co. sells the land to a third party
Explanation:
As in the case of the consolidated financial statement no gain or loss should be recognized when there is an intercompany transactions also it would be removed at the time of consolidation
So the gain that should be recognized at the time of sale of the land would occur when the company sold the land to the third party
Therefore the option c is correct
At the end of year 8, Shore Co. held trading securities that cost $17,500 and which had a year-end market value of $19,000. All of these securities were sold during year 9 for $22,000. For the year ended on December 31, year 8, Shore should report a gain of
Answer:
$1,500
Explanation:
Calculation to determine what Shore should report as a gain
Using this formula
Unrealized gain=Market value-Trading securities value
Let plug in the formula
Unrealized gain=$19,000-$17,500
Unrealized gain=$1,500
Therefore Shore should report a gain of $1,500
A machine shop uses a periodic system to maintain the inventory saw blades. The review period is four days and lead time is two days. They use an average of 11 saw blades per day. The standard deviation of use over a six-day period is 9 saw blades. Saw blades aren't the most critical item they carry, but the manager would like to limit the probability of a stockout to 2.5% of the time. What should their restocking level be
Answer:
the restocking level is 147 units
Explanation:
The computation of the restocking level is shown below:
= (11 × (2 + 4)) + 9 × 1.96
= 147 units
The 1.96 comes from
= 100 - 2.5%
= 97%
The value of z for 97% is 1.96
Hence, the restocking level is 147 units
The same would be considered and relevant too
PLZZZ HELP GUYS ITS DUE VERY SOON
Answer:
$591.50
Explanation:
5% of $6000 is $300
6% of $2000 is $120
Money left to account for is $10450-$8000 which is $2450
7% of $2450 is $171.50
So on $10450 of sales, Triq makes $591.50 in commission.