Blondie Bean is a Brazilian company that grows, roasts and exports coffee beans. Blondie Bean is a very successful international coffee brand due to the abundant availability of coffee beans in Brazil, as well as the suitable climatic conditions and soil for the cultivation of coffee plants in the nation. According to the diamond model, Blondie Bean benefits from:

Answers

Answer 1

Answer:

Factor conditions

Explanation:

According to Porter's diamond model, the Brazilian company Blondie Bean benefits from the factor conditions, which is the advantage of the company having the production factors that are ideal for the production and commercialization of a product, as mentioned in the question , that the company has international success due to the abundant availability of coffee beans, ideal climatic and soil conditions for growing coffee in the country.

These characteristics of the company give it a competitive and strategic advantage in the international market, due to the quality that its product presents due to ideal factor conditions that give higher quality to the final product.


Related Questions

Presented below is information from Bramble Computers Incorporated. July 1Sold $20,000 of computers to Robertson Company with terms 3/15, n/60. Bramble uses the gross method to record cash discounts. Bramble estimates allowances of $1,300 will be honored on these sales. 10Bramble received payment from Robertson for the full amount owed from the July transactions. 17Sold $200,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30. 30The Clark Store paid Bramble for its purchase of July 17.
Prepare the necessary journal entries for Perez Computers.

Answers

Answer and Explanation:

The journal entries are shown below:

On July 1

Account receivable $20,000

          To Sales revenue $20,000

(Being sales is recorded)  

Sales return and allowance  $1,300  

      To Allowance for sales returns and allowance $1,300

(Being the estimation of the sales return is recorded)  

On July 1

Cash ($20,000 × 97%) $19,400

Sales discount $600

       To Account receivable  $20,000

(being cash is recorded)

On July 17

Account receivable $200,000

       To Sales revenue  $200,000

(Being account receivable is recorded)

On July 30

Cash $200,000

       To Account receivable $200,000

(Being cash is recorded)

Your mayor just announced that the local unemployment rate dropped from 10.5% to 10.4% from the prior month. Evaluate the unemployment rate drop and discuss whether there is enough information to determine statistical significance, which Hypothesis Test you would use, and what additional information you would need if any. Support your response with specific examples and a reference. In replies to peers, discuss whether you agree or disagree with their assessments, justify your response, and state which other specific hypothesis tests could be used to test the significance of the drop.

Answers

Answer:

We do not have sufficient information

Explanation:

From this question we do not have sufficient information to test how significant this claim by the mayor is. This mayor has only given us the estimated proportion of the drop in unemployment rate. We will need to have more data to carry out hypothesis testing but these were not given.

Here is an example

Let's say n = size = 500

and 51% are unemployed

51/500*100 = 10.2%

The size of the population is what would tell us if the change from 10.5 to 10.4 percent is significant or not.

Applying the Cost of Goods Sold Model The following amounts were obtained from Stanwick Company's accounting records. 2019 2020 Net sales $388,600 $427,460 Cost of goods sold: Beginning inventory $36,800 (d) Purchases (a) 296,700 Goods available for sale (b) (e) Ending inventory 42,060 (f) Cost of goods sold (c) 295,390 Gross margin $117,960 (g)

Answers

Answer:

See below

Explanation:

2020 Beginning inventory

Beginning inventory

Add: Purchases

$296,700

Cost of goods available for sale

$296,700

Less: Ending inventory

($1,310)

Cos of goods sold

$295,390

2019 Purchases

Purchases = Ending inventory - Beginning inventory

Purchases = $42,060 - $36,800

Purchases = $5,260

Ellcrys Corp. writes 71 checks a day for an average amount of $537 each. These checks generally clear the bank 3.75 days after they are written. In addition, the firm generally receives 68 checks with an average amount of $622 each. Deposited amounts are available after an average of 3.25 days. Is this a disbursement or collection float? What is the value of the float?

Answers

Answer:

Yes

Disbursement float of $5,515

Explanation:

Yes Based on the information given this a DISBURSEMENT FLOAT

Calculation to determine the value of the float

First step is to calculate the Disbursement float

Disbursement float = 71 × $537 × 3.75 days

Disbursement float = $142,977

Second step is to calculate the Collection float

Collection float = 68 × $622 × 3.25 days

Collection float = $137,462

Now let calculate the value of the float

Value of the float =$142,977 - $137,462

Value of the float = $5,515

Therefore the Value of the float will be $5,515


If the Hunter Foundation had decided to focus only on fighting measles, the
organization would no longer exist because measles is generally considered a
conquered disease. The Hunter Foundation switched its mission to fighting
contagious viruses. This example shows that ____

Answers

Explanation:

a good strategic plan cannot protect and grow firms resouces

Concord Corporation acquires a coal mine at a cost of $1590000. Intangible development costs total $365000. After extraction has occurred, Concord must restore the property (estimated fair value of the obligation is $178000), after which it can be sold for $508000. Concord estimates that 6000 tons of coal can be extracted. If 900 tons are extracted the first year, which of the following would be included in the journal entry to record depletion? (Round intermediate calculations to 2 decimal places, e.g. 20.25 and final answer to nearest dollar amount, eg. 102456.)
a. Credit to Accumulated Depletion for $396150
b. Credit to Inventory for $238500
c. Debit to Accumulated Depletion for $243747
d. Debit to Inventory for $243747

Answers

Answer:

Depletion cost per ton = (1590000+365000+178000-508000)/6000

Depletion cost per ton = $270.83

Depletion cost = $270.83*900 tons

Depletion cost = 243,747

Account Titles                        Debit         Credit

Depletion Expenses            $243,747

     Accumulated depletion                     $243,747

Barbur, Inc. reported net income of $20.35 million. During the year the average number of common shares outstanding was 3.7 million. The price of a share of common stock at the end of the year was $5. There were 680,000 shares of preferred stock outstanding on average and no dividends were declared and the preferred stock is non-cumulative.
1A. Use the information above, the EPS is approximately:_____.
a. $0.40.b. $1.76.c. $1.86.d. $2.00.
1B. Use the information above, the Price/Earnings ratio is approximately:_____.a. 2.00.b. 2.50.c. 2.84.d. 12.50.

Answers

Answer and Explanation:

The computation is shown below:

a. EPS = Net income  ÷ Outstanding shares

= $20,350,000 ÷ 3,700,000 shares  

= $5.50 per share

b. Price/Earnings ratio = Price of common stock ÷ EPS

= $5 ÷ $5.50

= 0.9091

Hence, the above represent the answer and the options that are given are incorrect

Alex Karev has taken out a ​$ loan with an annual rate of percent compounded monthly to pay off hospital bills from his wife​ Izzy's illness. If the most Alex can afford to pay is ​$ per​ month, how long will it take to pay off the​ loan? How long will it take for him to pay off the loan if he can pay ​$ per​ month? Use five decimal places for the monthly percentage rate in your calculations.

Answers

Answer:

the question is incomplete, so I looked for a similar one:

Alex Karev has taken out a ​$180,000 loan with an annual rate of 11% compounded monthly to pay off hospital bills from his wife​ Izzy's illness. If the most Alex can afford to pay is ​$3,500 per​ month, how long will it take to pay off the​ loan? How long will it take for him to pay off the loan if he can pay $4,000 per​ month?

PVIFA = $180,000 / $3,500 = 51.42857

PVIFA = [1 - 1/(1 + i)ⁿ ] / i = [1 - 1/(1 + 0.11/12)ⁿ] / 0.11/12

51.42857 x 0.11/12 = 1 - 1/(1 + 0.11/12)ⁿ

0.47143 = 1 - 1/(1 + 0.11/12)ⁿ

1/(1 + 0.11/12)ⁿ = 1 - 0.47143 = 0.52857

1 / 0.52857 = (1 + 0.11/12)ⁿ

1.89189 = 1.009167ⁿ

n = log 1.89189 / log 1.009167 = 0.2769 / 0.003963 = 69.87

n = 69.87 months

PVIFA = $180,000 / $4,000 = 45

PVIFA = [1 - 1/(1 + i)ⁿ ] / i = [1 - 1/(1 + 0.11/12)ⁿ] / 0.11/12

45 x 0.11/12 = 1 - 1/(1 + 0.11/12)ⁿ

0.4125 = 1 - 1/(1 + 0.11/12)ⁿ

1/(1 + 0.11/12)ⁿ = 1 - 0.4125 = 0.5875

1 / 0.5875 = (1 + 0.11/12)ⁿ

1.70213 = 1.009167ⁿ

n = log 1.70213 / log 1.009167 = 0.23099 / 0.003963 = 58.29

n = 58.29 months

During 2022 Swifty Corporation had sales on account of $765000, cash sales of $312000, and collections on account of $512000. In addition, they collected $8900 which had been written off as uncollectible in 2021. As a result of these transactions the change in the accounts receivable indicates a $244100 increase. $568000 increase. $565000 increase. $253000 increase.

Answers

Answer:

$253,000 increase

Explanation:

With regards to the above, there would be an increase in transaction. See computation below;

Given that;

Sales on account = $765,000

Collections on account = $512,000

Then,

The change in account receivables would be;

= Sales on account - Collections on account

= $765,000 - $512,000

= $253,000 increase.

Which of the following describes a move away from capitalism?
O A. Sweden's 1980s cutback on social programs
O B. the transformation of the former Soviet Union to today's Russia
O C. the nationalization of major industries in Hugo Chavez's Venezuela
OD. economic reforms following the Great Depression in the United States

Answers

Answer:

B

Explanation:

The answer is b because the soviet union was a dictaorship before it became Russia so when it became Russia it moved away from capitalism.

Answer:

C

Explanation:

I put b on the first quiz and got it wrong I promise its c!!!!

The Converting Department of Soft Touch Towel and Tissue Company had 760 units in work in process at the beginning of the period, which were 60% complete. During the period, 16,000 units were completed and transferred to the Packing Department. There were 840 units in process at the end of the period, which were 60% complete. Direct materials are placed into the process at the beginning of production.
Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0".
Soft Touch Towel and Tissue Company
Number of Equivalent Units of Production
Whole Units Direct Materials Equivalent Units Conversion Equivalent Units
Inventory in process, beginning
Started and completed
Transferred to Packing Department
Inventory in process, ending
Total

Answers

Answer:

Direct materials equivalent units 16,080

Conversion costs equivalent units 16,048

Explanation:

Calculation to Determine the number of equivalent units of production with respect to direct materials and conversion costs.

Soft Touch Towel and Tissue Company

Number of Equivalent Units of Production

Whole Units Direct Materials Equivalent Units Conversion Equivalent Units

Inventory in process, beginning

760 0 (760*40% = 304)

Started and completed

15,240 15,240 15,240

(16,000-760=15,240)

Transferred to Packing Department

16,000 15,240 15,544

Inventory in process, ending

840 840 (840*60% = 504)

Total 16,840 16,080 16,048

Therefore the number of equivalent units of production with respect to direct materials is 16,080 and conversion costs is 16,048

53) In the current year, Borden Corporation had sales of $2,000,000 and cost of goods sold of $1,200,000. Borden expects returns in the following year to equal 8% of sales. The unadjusted balance in Inventory Returns Estimated is a debit of $6,000, and the unadjusted balance in Sales Refund Payable is a credit of $10,000. The adjusting entry or entries to record the expected sales returns is (are):

Answers

Answer: See explanation

Explanation:

The adjusting entry or entries to record the expected sales returns are:

Debit: sales return and allowance = $150,000

Credit: Sales refund payable = $150,000

The above $150,000 was gotten as:

= ($2,000,000 × 8%) - $10,000

= ($2,000,000 × 0.08) - $10,000

= $160,000 - $10,000

= $150,000

Also,

Debit: Inventory returns estimated = $90,000

Credit: Cost of goods sold = $90,000

The above $90,000 was gotten as:

= ($1,200,000 × 8%) - $6,000

= ($1,200,000 × 0.08) - $6,000

= $96,000 - $6,000

= $90,000

Money is: multiple choice any good that buyers and sellers have a desire to purchase, use, or hold. anything that both buyers and sellers will accept in exchange for goods and services. the gold and silver behind the currency and the coins that are issued by the government. only the printed paper currency and the coins that are produced by the government.

Answers

Answer:

Money is: any good that buyers and sellers have a desire to purchase, use, or hold. only the printed paper currency and the coins that are produced by the government. anything that both buyers and sellers will accept in exchange for goods and services. the gold and silver behind the currency and the coins that are issued by the government.

Explanation:

if it is helpful..... plzz like and follow

Answer:

Money is: anything that both buyers and sellers will accept in exchange for goods and services

Explanation:

Money is not a good to be desired, but is a representation of value.  Money is anything that is accepted as payment for goods or services or as repayment of debt. According to economists, money refers to something beyond just paper bills and coins. It is a medium of exchange, unit of account  and store of value. Money can be used to transport purchasing power from one time period to another.

Question 2: Allocating costs using ABC You have an ABC system with three pools number of cost driver units total cost in the pool product A product B total pool 1 $20,000 4,000 DL$ 6,000 DL$ 10,000 DL$ pool 2 $15,000 20 setups 30 setups 50 setups pool 3 $10,000 50 hours 150 hours 200 hours Compute the activity rates and the allocated costs for products A and B. activity rate allocated costs for product A allocated costs for product B pool 1 $ per DL$ $ $ pool 2 $ per setup $ $ pool 3 $ per hour $ $ total allocated costs for each product $ $

Answers

Answer:

Results are below.

Explanation:

To calculate the activities rates, we need to use the following formula on each pool:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Pool 1= 20,000/10,000= $2 per direct labor dollar

Pool 2= 15,000/50= $300 per setup

Pool 3= 10,000/200= $50 per hour

Now, we can allocate costs to each product:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Product A:

Pool 1= 2*4,000= 8,000

Pool 2= 300*20= 6,000

Pool 3= 50 *50= 2,500

Total allocated costs= $16,500

Product B:

Pool 1= 2*6,000= 12,000

Pool 2= 300*30= 9,000

Pool 3= 50 *150= 7,500

Total allocated costs= $28,500

4. Now that you have calculated the number of workers needed each period in Problem 3, Tameka wants to see how the plan would actually work. You need to: a. Show what would happen if this plan were implemented. b. Calculate the costs associated with this plan. c. Evaluate the plan in terms of cost, customer service, operations, and human resources.

Answers

Answer:

47

Explanation:

i know it

SCENARIO The Forest Stewardship Council (FSC) was formed in 1993 to promote sustainable management of the world’s forests. The FSC quickly began to certify lumber based on whether the forest that it was taken from was managed according to its guidelines. Soon thereafter, several builders in California began to specialize in the construction of "Green" buildings that only used FSC-certified lumber. This was seen as a viable business because some customers were willing to pay a premium to have their projects completed with FSC lumber. These builders have an opportunity to order this lumber once every 3 months because the forests involved must be harvested in accordance with certain restrictions. Consequently, builders who focused on this market were forced to hold large inventories. On the other hand, builders who only used "traditional" wood which was not FSC-certified could order on a just-in-time basis, meaning they did not have to hold any lumber in their own lumberyards. Consider the following 3 scenarios and related questions.
1. A green builder must decide how much FSC lumber to purchase to meet demand for the next 3 months. Demand is normally distributed with a mean of 40,000 board-feet and a standard deviation of 15,000 board feet. (A board-foot is a standard unit for lumber.) The purchase price for the builder is $4.00 per board-foot. At the end of a 3-month period the wood will dry and may warp, reducing its value. Of any lumber remaining in the builder’s lumber yard at the end of the 3-month period, approximately half will be worthless. The builder will use any wood that is not warped in the next period. However, buying the wood now, rather than in the next period incurs a holding cost of 4% of the purchase cost. If the builder has too little FSC certified wood to meet demand, he will be forced to substitute traditional lumber which he can buy for $3.35 per board foot. In addition, the green builder assigns a shortage cost of $2.00 per board foot for the loss of good will and damage to his reputation. How many board feet of FSC certified lumber should the builder purchase?
2. Suppose a lumber-yard (Nice Lumber) agrees to serve as a distributor for a builder. This means Nice Lumber will stock the FSC-certified lumber for one green builder. Nice Lumber will pay $4.00 per board foot for FSC-certified wood and sell it to the builder for $4.20 per board foot. If demand exceeds the inventory, the green builder will buy traditional wood from a different lumber yard to meet the demand at price of $3.20 per board-foot. In addition to the lost sale, Nice assigns a cost of $2.00 per board foot of shortage of FSC lumber. If the inventory of FSC-certified lumber exceeds demand, Nice will immediately substitute the excess FSC certified lumber to meet demand from other customers and reduce its purchases of traditional lumber accordingly. Nice pays $3.20 per board foot for traditional lumber. How many board feet of FSC certified lumber should Nice Lumber purchase?
3. Suppose Nice Lumber will stock the FSC certified lumber for 10 green builders. For each of these builders, demand is normally distributed with a mean of 40,000 board feet and a standard deviation of 15,000 board feet, and each builder’s demand is independent of other builders’ demand. How many board feet of FSC certified lumber should Nice lumber purchase per builder?

Answers

Answer:

Answer is explained in the explanation section below.

Explanation:

Solution:

Board-Feet = Mean + Z*SD

Where SD = Standard Deviation

Mean = 40,000;

SD= 15,000;

Z = NORMSINV(SL); SL (Service Level) = Cu/(Cu + Co)

1.

Solution:

Cu = $(4 - 3.35 + 2)

Since he would gain $4 - $3.35 by substituting lumber for conventional wood, he would lose $2 in goodwill and credibility loss.

Cu = 2.65

And,

Co = (4 - 2 + 4% x 4)

Since half of the lumber becomes scrap after three months and he pays 4% as a holding cost for keeping $4/unit as inventory, he incurs a holding cost of 4%.

Co = 2.16

Service Level SL = Cu/(Cu+Co)

Service Level SL = 2.65/(2.65+2.16)

Service Level SL = 0.550936

Z = NORMSINV(0.550936)

Z = 0.12

Hence,

Board-Feet = Mean + Z*SD

Board-Feet = 41,920.38

2.

Solution:

Cu = $(2 - 4.2 + 3.2)

Since he would gain $4.2-$3.2 by substituting lumber for conventional wood, he would lose $2 in goodwill and credibility loss.

Cu = 1

In the event of overstocking, he does not specify the price at which he will replace FSC lumber with conventional lumber. Only his price, which is $3.2/board-foot for traditional lumber, is issued.

Co = 4 - 3.4

since he'll have to market the excess FSC lumber inventory at conventional wood's price; ASSUMING traditional lumber rate at the rate $3.4/board-feet

Co = 0.6

So,

Service Level SL = Cu/(Cu+Co) = 1/(1+0.6)

SL = 0.625

Z = NORMSINV(0.625)

Z = 0.318639

Board-Feet = 44,779.59

3.

Solution:

Here, everything will be same except the formula for calculate the Board -Feet. New formula is:

Board-Feet = Mean +  [tex]\frac{Z * SD}{\sqrt{n} }[/tex]

Here, n = 10

Just plugging in the values, we get:

Board-Feet = 40,000 + [tex]\frac{0.318639 * 15000}{\sqrt{10} }[/tex]

Board-Feet = 41,511.44

consider ktu as a production system in which the final product is graduate for this
a) define quality form the producers and consumers perspective
b) develop fitness for use description for final product quality
c) give examples of the cost of poor quality ( internal and and external failure cost ) and the cost of quality assurance ( prevention and appraisal) costs.

Answers

C because I did this task
To bredc

Marigold Company uses the periodic inventory method and had the following inventory information available:
Units Unit Cost Total Cost
1/1 Beginning Inventory 98 $4 $392
1/20 Purchase 490 $5 2,450
7/25 Purchase 98 $7 686
10/20 Purchase 294 $8 2,352
980 $5,880
A physical count of inventory on December 31 revealed that there were 343 units on hand. Answer the following independent questions.
1. Assume that the company uses the FIFO method. The value of the ending inventory at December 31 is $____the value of the ending inventory in dollars.
2. Assume that the company uses the average cost method. The value of the ending inventory on December 31 is $____the value of the ending inventory in dollars.
3. Assume that the company uses the LIFO method. The value of the ending inventory on December 31 is $_____the value of the ending inventory in dollars 4.
A) Determine the difference in the amount of income that the company would have reported if it had used the FIFO method instead of the LIFO method $enter the amount of difference 4.
B) Would income have been greater or less?

Answers

Answer:

1. Assume that the company uses the FIFO method. The value of the ending inventory at December 31 is $2,695.

2. Assume that the company uses the average cost method. The value of the ending inventory on December 31 is $2,058.

3. Assume that the company uses the LIFO method. The value of the ending inventory on December 31 is $1,617.

A) The difference in the amount of income that the company would have reported if it had used the FIFO method instead of the LIFO method is $1,078.

B) The income would have been greater.

Explanation:

Total units available for sale = 980

Total cost of units available for sale = $5,880

Ending inventory units = 343

Units of inventory sold = Total units available for sale - Ending inventory = 980 - 343 = 637

1. Assume that the company uses the FIFO method. The value of the ending inventory at December 31 is $____the value of the ending inventory in dollars.

Value of the ending inventory using FIFO method = Total cost of 294 units purchased on 10/20 + Value of remaining 49 (i.e. 343 - 294 = 49) units at $7 cost per unit of 7/25 Purchase = $2,352 + (49 * $7) = $2,695

2. Assume that the company uses the average cost method. The value of the ending inventory on December 31 is $____the value of the ending inventory in dollars.

Average cost per unit = Total cost of units available for sale / Total units available for sale = $5,880 / 980 = $6 per unit

Value of the ending inventory using average cost method = Ending inventory units * Average cost per unit = 343 * $6 = $2,058

3. Assume that the company uses the LIFO method. The value of the ending inventory on December 31 is $_____the value of the ending inventory in dollars.

Value of the ending inventory using LIFO method = Total cost of 98 units of 1/1 Beginning Inventory + Value of remaining 245 (i.e. 343 - 98 = 245) units at $5 cost per unit of 1/20 Purchase = $392 + (245 * $5) = $1,617

A) Determine the difference in the amount of income that the company would have reported if it had used the FIFO method instead of the LIFO method $enter the amount of difference

This can be determined as follows:

Difference = Value of the ending inventory using FIFO method - Value of the ending inventory using LIFO method = $2,695 - $1,617 = $1,078

B) Would income have been greater or less?

Since the Value of the ending inventory using FIFO method of $2,695 is greater than the Value of the ending inventory using LIFO method of $1,617, this implies that the income would have been greater.

This is because the cost of goods sold to be deducted from the sales revenue would have been lower with the higher Value of the ending inventory using FIFO method of $2,695. This would make the income to be greater.

Larry Ellison starts a company that manufactures high-end custom leather bags. He hires two employees. Each employee only begins working on a bag when a customer order has been received and then she makes the bag from beginning to end. The average production time of a bag is 1.8 days with a standard deviation of 2.7 days. Larry expects to receive one customer order, per day on average. The arrival process follows a Poisson distribution. What is the expected duration, in days, between when an order is received and when production begins on the bag

Answers

Answer:

12.55 days.

Explanation:

Arrival time (a) = 1 day

Coefficient of variation of arrival (CVa) = 1  

Processing time (p) = 1.8 days  

Standard deviation for processing = 2.7 days  

Coefficient of variation for processing = Standard deviation for processing/ Processing time  

Coefficient of variation for processing (CVp) = 2.7/ 1.8

Coefficient of variation for processing (CVp) = 1.5

Given, number of servers (m) = 2

Utilization of system (u) = p/(m×a)  

Utilization of system (u) = 1.8/(2×1)

Utilization of system (u) = 0.9  

Let waiting time in the queue = Tq

Formula for waiting time in queue is quite complicated to write it here. SO, I have attached in the attachment below. Please refer to the attachment to see the formula for Tq.

SO, after plugging in the values in to the formula, we get:

Tq = 12.55 Days

Therefore, the Expected duration between when an order is received and when production begins = 12.55 days

Exercise 3-1 Prepare Journal Entries [LO3-1] Larned Corporation recorded the following transactions for the just completed month. $75,000 in raw materials were purchased on account. $73,000 in raw materials were used in production. Of this amount, $59,000 was for direct materials and the remainder was for indirect materials. Total labor wages of $116,000 were paid in cash. Of this amount, $102,000 was for direct labor and the remainder was for indirect labor. Depreciation of $194,000 was incurred on factory equipment.

Answers

Answer:

Journal 1

Debit : Raw Materials $75,000

Credit : Accounts Payable $75,000

Journal 2

Debit : Work In Process - Direct Materials  $59,000

Debit : Work In Process - Indirect Materials $14,000

Credit : Raw Materials $73,000

Journal 3

Debit : Work In Process - Direct Labor $102,000

Debit : Work In Process - Indirect Labor $14,000

Credit : Cash $116,000

Journal 4

Debit : Work in Process - Depreciation expense $194,000

Credit : Accumulated Depreciation $194,000

Explanation:

All costs incurred during production are recorded on the debit of the work in process account as shown above.

Classification of Transactions
Below are several transactions that took place in Seneca Company last year:
A. Paid suppliers for inventory purchases.
B. Bought equipment for cash.
C. Paid cash to repurchase its own stock.
D. Collected cash from customers.
E. Paid wages to employees.
F. Equipment was sold for cash.
G. Common stock was sold for cash to investors.
H. Cash dividends were declared and paid.
I. A long-term loan was made to a supplier.
J. Income taxes were paid to the government.
K. Interest was paid to a lender.
L. Bonds were retired by paying the principal amount due.
Required:
Indicate how each of the above transaction would be classified on a statement of cash flows.

Answers

Answer:

Classification on the statement of cash flows will be as follows :

A. Cashflow from Operating Activities

B. Cashflow from Investing Activities

C. Cashflow from Financing Activities

D. Cashflow from Operating Activities

E. Cashflow from Operating Activities

F. Cashflow from Investing Activities

G. Cashflow from Financing Activities

H. Cashflow from Financing Activities

I.  Cashflow from Financing Activities

J. Cashflow from Operating Activities

K. Cashflow from Operating Activities

L. Cashflow from Financing Activities

Explanation:

There are three categories of classifying Cash flows on the Statement of Cash flows which are : Cashflow from Operating Activities, Cashflow from Investing Activities and Cashflow from Financing Activities.

Journalize the following transactions for the Evans Company. Assume the company uses a perpetual inventory system.
a. Sold merchandise for $645 cash. The cost of goods sold was $375.
b. Sold merchandise for $432 and accepted VISA as the form of payment. The cost of goods sold was $195.
c. Sold merchandise on account for $670. The cost of goods sold was $438.
d. Paid credit card fees for the month of $85.If an amount box does not require an entry, leave it blank.

Answers

Answer:

Evans Company

General Journal

Part a.

Debit : Cash $645

Debit : Cost of goods sold $375

Credit : Sales Revenue $645

Credit : Merchandise $375

Part b.

Debit : Cash $432

Debit : Cost of goods sold $195

Credit : Sales Revenue $432

Credit : Merchandise $195

Part c.

Debit : Accounts Receivable $670

Debit : Cost of goods sold $438

Credit : Sales Revenue $670

Credit : Merchandise $438

Part d.

Debit : Credit Card fees $85

Credit : Cash $85

Explanation:

The Perpetual inventory system calculates the cost of sale and inventory balance on each and every sale made hence the journals above.

Hypothetically, your MNE is the largest foreign investor in Vietnam, where dissidents and religious leaders are reportedly being persecuted. As the country manager there, you understand that the MNE is being pressured by NGOs to help the oppressed groups in Vietnam. But you also understand that the host government would be upset if your firm were found to engage in local political activities deemed inappropriate. These alleged activities, which you personally find distasteful, are not directly related to operations. How would you proceed

Answers

Answer:

69

Explanation:

i think its 69

HELP ASAP! TIMED! A crisis management team does all of the following except _____ .



handle all service failures


oversee the situation before, during, and after it occurs


coordinate communications


instruct employees and customers

Answers

Instruct employees and customers

Keystone, Inc., replaced its truck-and-dolley system of moving inventory around its plant with a computer-controlled conveyor system. The costs associated with this equipment replacement were as follows: Purchase price of conveyor system$1,300,000 Book value of truck-and-dolley system50,000 Installation cost of new conveyor system85,000 The truck-and-dolley system was sold for scrap for $70,000. What value should be capitalized to the balance sheet of Keystone, Inc., as the cost basis of the new conveyor system

Answers

Answer: See explanation

Explanation:

The cost basis for the new conveyor system will be:

Purchase price = $1,300,000

Add : Installation cost = $85,000

Therefore, Cost of new conveyor system will be:

= $1,300,000 + $85,000

= $1,385,000

The gain on the sale of old truck will be $70000 - $50000 = $20,000 whcinwill be credited to the income statement.

The short run industry supply curve is the Group of answer choices sum of all of the individual firms' ATC curves above the MC. average of all of the individual firms' marginal cost curves above the AVC. sum of all of the individual firms' marginal cost curves above the AVC. average of all of the individual firms' ATC curves above the MC.

Answers

Answer:

sum of all of the individual firms' marginal cost curves above the AVC.

Explanation:

Marginal Cost (MC) can be defined as the cost incurred in the production of one unit of a product.

Average Variable Cost (AVC) can be defined as the total variable cost per unit of production. It is calculated by dividing total variable cost (TVC) by total output of production (Q);

[tex] AVC = \frac{TVC}{Q} [/tex]

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

The short run industry supply curve is the sum of all of the individual firms' marginal cost curves above the average variable cost (AVC). It is typically considered to be marginal cost curve for the industry.

Generally, industries always strive to maximize profits by increasing their level of output, such that P = MC. Also, the firms wouldn't be willing to leave or enter into the market because they are not making any profit, such that P=AC.

Riverbed Corporation is preparing its December 31, 2020, balance sheet. The following items may be reported as either a current or long-term liability.

1. On December 15, 2020, Riverbed declared a cash dividend of $2.20 per share to stockholders of record on December 31. The dividend is payable on January 15, 2021. Riverbed has issued 1,000,000 shares of common stock, of which 50,000 shares are held in treasury.
2. At December 31, bonds payable of $101,599,000 are outstanding. The bonds pay 12% interest every September 30 and mature in installments of $25,399,750 every September 30, beginning September 30, 2021.
3. At December 31, 2019, customer advances were $13,686,000. During 2020, Riverbed collected $30,897,000 of customer advances; advances of $26,671,000 should be recognized in income.

For each item above, indicate the dollar amounts to be reported as a current liability and as a long-term liability, if any.

a. Dividends payable
b. Bonds payable (September 30, 2018 installment)
c. Bonds payable (Other than September 30, 2018 installment)
d. Interest payable
e. Customer advances

Answers

Answer: D

Explanation:

In most restaurants, waiters receive a large portion of their compensation through tips from customers. Generally, the size of the tip is decided by the customers. However, many restaurants receive a 15% tip for parties of eight or more. Using the concept from this chapter, discuss (a) why the practice of tipping has emerged as a major method of compensating the wait staff, (b) why the customer typically decide on the amount of the tip, and (c) why restaurants require tips from large parties

Answers

Answer:

a) tipping is seen as a reward for a good service provided. It is also a way of passing labor costs directly to the customer, which increases the restaurants' profits.

b) generally, most restaurant charge a fixed fee for tips. Maybe in the past customers could decide the tip, but that is not true now for most places. Although, customers are better judges of the service that they receive. By the way, the 15% is the minimum tip, customers can choose to increase that amount.

c) if the restaurants did not require tips, their labor costs would increase significantly.

Explanation:

:How is a ‘provision for reserve’ in a balance sheet, a liability or an asset. Explain.

Answers

Explanation:

A provision is indeed an item freed up from either a company's revenue to cover potential future costs or a probable property price decrease. It shows up as spending on the financial statements and is documented as a current liabilities.

Cross-price elasticity of demand measures how a. the price of one good changes in response to a change in the price of another good. b. the quantity demanded of one good changes in response to a change in the quantity demanded of another good. c. strongly normal or inferior a good is. d. the quantity demanded of one good changes in response to a change in the price of another good

Answers

Answer:

d. the quantity demanded of one good changes in response to a change in the price of another good

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price  

If cross price elasticity of demand is positive, it means that the goods are substitute goods.

Substitute goods are goods that can be used in place of another good.  

If the cross-price elasticity is negative, it means that the goods are complementary goods.

Complementary goods are goods that are consumed together

Example 1

If the percentage change in good A is 10% and the percentage change in quantity demanded of good B is -20%. Cross price elasticity = -20%/ 10% = -2. the goods are complementary goods

Example 2

If the percentage change in good A is 20% and the percentage change in quantity demanded of good B is 80%. Cross price elasticity = 80%/ 20% = 4. the goods are substitute goods goods

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