Answer:
Leverage economics
is an investment strategy of using borrowed money—specifically, the use of various financial instruments or borrowed capital—to increase the potential return of an investment.
Sunland, Inc. had pre-tax accounting income of $2100000 and a tax
rate of 40% in 2018, its first year of operations. During 2018 the company had the following transactions:
Received rent from Jane, Co. for 2019 $90000
Municipal bond income $114000
Depreciation for tax purposes in excess of book depreciation $54000
Installment sales profit to be taxed in 2019 $156000
At the end of 2018, which of the following deferred tax accounts and balances exist at December 31, 2018?
a. Deferred tax asset $57600
b. Deferred tax asset $36000
c. Deferred tax liability $57600
d. Deferred tax liability $36000
Answer:
b. Deferred tax asset $36000
Explanation:
The computation of the deferred tax is shown below:
= Rent received from Jane for the year 2019 × tax rate in 2018
= $90,000 × 40%
= $36,000
Here the rent received on 2019 but the tax should be paid on 2018 so this represent the deferred tax asset
Therefore the option b is correct
at the best answer for the question
The selling of goods and/or services to a customer is called
A.Service Industry
B.Food Service
C.Purchasing
D.Retail
Answer:
The correct answer is D. Retail.
Explanation:
Retail is the sale to the final consumer of goods and services. It is a sector formed by different branches (such as the food industry, the fashion industry, the home industry, etc.), which constitutes the last link in the supply chain that goes from the manufacturer to the consumer, it is In other words, it is the culmination of the process of production of goods and services, when they reach the consumer. This sale is usually carried out in stores, supermarkets, pharmacies, internet platforms and any other place where goods and services can be offered to final recipients.
Cootributions of political institutions
Answer:
Contributions of political institutions are diverse, and very important for any society.
Explanation:
Institutions contribute to the law and order of a nation. They also help define and determine the government structure of a place. Institutions also promote economic development by incentivizing investment if certain specific institutions are in place, like property rights enforcement, and impartial laws. In fact, this last aspects has been explored at length by economists like Amartya Sen and Daron Acemoglu.
The following account appears in the ledger prior to recognizing the jobs completed in January:
Work in Process
Balance, January 1 $85,800
Direct materials 115,000
Direct labor 140,000
Factory overhead 296,200
Jobs finished during January are summarized as follows:
Job 210 $182,500
Job 216 78,300
Job 224 $232,190
Job 230 67,250
a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it blank.
b. Determine the cost of the unfinished jobs at January 31.
Answer:
A. Dr Finished Goods $560,240.00
Cr Work In Process $560,240.00
B. $76,760.00
Explanation:
A. Preparation of the journal entry to record the jobs complete
First step is to Calculate the amount of total jobs completed
Job 210 182,500.00
Job 224 232,190.00
Job 216 78,300.00
Job 230 67,250.00
Cost of completed jobs 560,240.00
(182,500.00+232,190.00+78,300.00+67,250.00)
Now let prepare the Journal Entry
Dr Finished Goods $560,240.00
Cr Work In Process $560,240.00
B. Calculation to Determine the cost of the unfinished jobs at January 31.
First step is to calculate the work in process Amount
Balance at January 1 85,800.00
Add Direct Materials 115,000.00
Add Direct Labor 140,000.00
Add Factory Overhead 296,200.00
Balance in work in process 637,000.00
Now let determine the cost of the unfinished jobs at January 31
Balance in work in process 637,000.00
Less: Cost of completed jobs 560,240.00
Cost of unfinished jobs on January 31 76,760.00
Therefore the cost of the unfinished jobs at January 31 will be $76,760.00
Consider the free cash flow approach to stock valuation. Utica Manufacturing Company is expected to have before-tax cash flow from operations of $500,000 in the coming year. The firm's corporate tax rate is 30%. It is expected that $200,000 of operating cash flow will be invested in new fixed assets. Depreciation for the year will be $100,000. After the coming year, cash flows are expected to grow at 6% per year. The appropriate market capitalization rate for unleveraged cash flow is 15% per year. The firm has no outstanding debt. The projected free cash flow of Utica Manufacturing Company for the coming year is _______.
Answer:
$180,000
Explanation:
Calculation for what The projected free cash flow of Utica Manufacturing Company for the coming year is
First step is to calculate After-tax unleveraged income
Before-tax cash flow from operations $500,000
Less Depreciation $100,000
Taxable income$400,000
($500,000-$100,000)
Less Taxes $120,000
(30%*400,000)
After-tax unleveraged income$280,000
($400,000-$120,000)
Now let calculate The PROJECTED FREE CASH FLOW
After-tax unlevered income + depreciation $380,000
($100,000+$280,000)
Less New investment $200,000
Free cash flow$180,000
($380,000-$200,000)
Therefore The projected free cash flow of Utica Manufacturing Company for the coming year is $180,000
function of the HR manager is concerned with employing people who
possess the necessary skills, knowledge, and aptitude
O Procurement
Development
O Motivation and compensation
STOS DE
TREI
O Integration
Answer:
Integration.
Explanation:
Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.
Thus, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.
The function of the HR manager that is concerned with employing people who possess the necessary skills, knowledge, and aptitude is known as integration. This is usually achieved through a recruitment process, which typically involves advertising a vacant position and accepting applications (resumes) from applicants who meet the minimum requirements.
define private equity funds.
Answer:
keeping it private and not letting anyone find. out about it or keepin it from people
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $226,800 of raw materials on credit; issued materials to production of $219,000 of which $37,200 were indirect. Minstrel incurred a factory payroll of $164,400, of which $47,200 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. Minstrel's beginning and ending Work in Process Inventory are $17,900 and $31,800 respectively. Compute the cost of jobs transferred to Finished Goods Inventory.
Answer:
$460,900
Explanation:
The computation of the cost of jobs transferred to Finished Goods Inventory is shown below:
= beginning wip + Direct material + direct labor + manufacturing overhead - closing wip
= $17,900 + ($219,000 - $37,200) + ($164,400 - $47,200) + 150% of $117,200 - $31,800
= $17,900 + $181,800 + $117,200 + $175,800 - $31,800
= $460,900
Jan is a music teacher at an elementary school. She writes a play for her students to perform.
The next year, she learns that another elementary school copied and is performing the same
play. Jan never registered or published the play. Which of the following is true?
O A. Jan can sue for copyright infringement.
B
None of the above
O c.
Jan can sue for an injunction to stop the other school from performing her play
OD
Jan can't do anything since she didn't publish the play
O E.
Jan can't do anything since she didn't register her copyright
Answer:
E.
Explanation:
E. because if she report it people will say she listen to the play and copied it to make it look like her's.
The 10% bonds payable of Crane Company had a carrying amount of $4060000 on December 31, 2020. The bonds, which had a face value of $3900000, were issued at a premium to yield 8%. Crane uses the effective-interest method of amortization. Interest is paid on June 30 and December 31. On June 30, 2021, several years before their maturity, Crane retired the bonds at 104 plus accrued interest. The loss on retirement, ignoring taxes, is:_____.
Answer:
The correct answer is "43,000".
Explanation:
The given values are:
Carrying amount,
= $4060000
Face value,
= $3900000
Now,
For June 30, 2021, the Interest expense will be:
= [tex]4060000\times 10 \ percent\times \frac{1}{2}[/tex]
= [tex]203,000[/tex]
For June 30, 2021, the cash interest will be:
= [tex]3900000\times 8 \ percent\times \frac{1}{2}[/tex]
= [tex]156,000[/tex]
Now,
On June 30, 2021, the premium's amortization will be:
= Interest expense - Cash interest
= [tex]203,000-156,000[/tex]
= [tex]47,000[/tex]
On retirement, the cash paid will be:
= [tex]3900000\times 104 \ percent[/tex]
= [tex]4,056,000[/tex]
On June 30, 2021, the less carrying amount will be:
= Carrying amount - amortization
= [tex]4060000-47000[/tex]
= [tex]4,013,000[/tex]
Then,
The loss on retirement as well as ignoring taxes will be:
= Cash paid - less carrying amount
= [tex]4,056,000-4,013,000[/tex]
= [tex]43,000[/tex]
10 . Problems and Applications Q5 In the 1990s and the first two decades of the 2000s, investors from the Asian economies of Japan and China made significant direct and portfolio investments in the United States. At the time, many Americans were unhappy that this investment was occurring. True or False: It was better for the United States not to receive this foreign investment because it shrank the capital stock. True False True or False: It's best for Americans that China and Japan, rather than Americans themselves, made the investment because Americans could receive the returns on the investment made by China and Japan. True False
Answer:
1. False
Proceeds from foreign investment will actually benefit the domestic capital stock. The Foreign investment has both the macro and micro effects. On macro levels it's beneficial for sectors like exports, imports, investment etc. On micro level it enhances quality of labor force.
Therefore, it was better for USA because foreign investment brought with it increased capital and new business opportunities.
2. False
Returns from an investment goes to the investor itself.In this case these returns went to Japan and China for its investment in US. It would have been better if Americans themselves made the investment because then the returns wouldn't go to a foreign nation.
You have $B in your bank account. You are asked if you would like to participate in a bet in which, if you win, your bank account will become $W. However, if you lose, your bank account will contain only $L. You win the bet with probability pw. How large should pw be to accept the bet? (
Answer:
Pw = ( B - L ) / ( W-L )
Explanation:
pW + pL = 1 ------ ( 2 )
Expected value after placing bet = W*pW + L*pL ------ ( 2 )
pL = ( 1 - pW ) from equation 1
rewrite equation 2
W*pW + L*( 1 - pW ) ------ (3)
The condition to accept bet is ; W*pW + L*( 1 - pW ) > $B
= W*pW + L - LpW > $B ( factorize )
= ( W - L ) * pW + L > $B
hence the value of Pw = ( B - L ) / ( W-L )
our community has a total of approximately 100,000 households. What percentage of households would be potential customers for The Shoe Hut? What percentage of households would be potential customers for Star's Coffee and Teas?
Answer:
Your community has a total of approximately 100,000 households. ... What percentage of households would be potential customers for Star's Coffee and Teas? approximately ... The Shoe Hut Star's Coffee and Teas has a lower barrier to entry
Explanation:
As of December 31, 2021, Purdue Corporation reported the following: Cash dividends payable $ 29,000 Treasury stock 690,000 Paid-in capital—share repurchase 29,000 Common stock and other paid-in capital accounts 4,900,000 Retained earnings 3,900,000 During 2022, half of the treasury stock was resold for $258,000; net income was $690,000; cash dividends declared were $590,000; and small stock dividends declared and distributed were $418,000. What would shareholders' equity be as of December 31, 2022?
Answer:
$8,542,000
Explanation:
Stockholder's equity is computed as seen below;
Common stock and paid in capital
$4,900,000
Retained earnings
$3,900,000
Treasury stock
($258,000)
Total stockholder's equity
$8,542,000
Therefore the shareholder equity basis as of Dec 31 2022 is $8,542,000
The BX11160 company has provided its contribution format income statement for a given month. Sales (8,000 units) $ 440,000 Variable expenses 280,000 Contribution margin 160,000 Fixed expenses 103,500 Net operating income $ 56,500 If the BX11160 company sells 7,900 units next month, how much would its net operating income expected to be next month? (Do not round intermediate calculations.)
Answer:
Net operating income= $48,500
Explanation:
First, we need to calculate the unitary contribution margin:
Unitary contribution margin= 160,000 / 8,000
unitary contribution margin= $20
Now, the net income for 7,600 units:
Contribution margin= 7,600*20= 152,000
Fixed expenses= (103,500)
Net operating income= $48,500
Cindy's apartment complex is offering renters insurance through their insurance company. The insurance company charges an annual premium of $565.00 which can be paid in equal payments throughout the year with her monthly rent. Cindy's monthly rent is currently $789.00. What will Cindy's new rent be if she includes the renters insurance?
Answer:
$836.08 per month
Explanation:
In order to calculate Cindy's new monthly rent, we would simply need to divide the renter's insurance by 12 since there are 12 months in a year. and then add that product to her monthly rent like so...
565.00 / 12 = 47.08
789 + 47.08 = 836.08
Finally, we can see that Cindy's new rent after including the renters insurance would be $836.08 per month
2) Ralph Wood, the Vice President for Marketing, is planning to fly in his eight area sales managers for a yearly planning session. Sarah Sayre, the Vice President for Finance, complains that the company is in a weak, cash position and looks to Bill for a technological alternative to the planning session planned by Ralph. What are other companies doing about this
Answer:
Web conferencing
Explanation:
The technological alternative that can be suggested by Bill considering the company's weak cash position would be the use of Web conferencing session to host the yearly planning session, because that way the cost of accommodation, flight and other logistics can be avoided and the aim of the yearly planning session will still be achieved without having the company's finance suffering a lot.
Most companies are now adopting Web conferencing as a new and innovative means of holding meetings and very important sessions across their various offices simultaneously.
Edward and Tony are fraternity brothers. Edward has a dinner party to celebrate getting a new job. Tony helps Edward out with the dinner party, coming 3 hours before, helping with cooking, buying the ingredients for the dinner, and party set up, and staying after, to help with clean up after. The next day, Edward promises Tony that Edward will pay Tony $100 because of all the help Tony provided the day before at the dinner party. Is Edward's promise enforceable? Why or why not?
Answer:
Edward's promise is not enforceable. Tony had already performed the act. He did not perform based on Edward's promise. He performed because of their fraternal brotherhood.
Explanation:
This situation looks like a unilateral contract whereby Edward makes a promise to Tony to pay him $100. However, we observe that Tony did not perform his actions in consideration of this reward. He performed because they were fraternity brothers. Therefore, Tony cannot enforce Edward's promise in any court. It is only left for Edward to fulfill his promise as a gentleman, not because he is legally obliged to.
A company expects to pay a dividend of $3.50 per share one year from today. the dividend is expected to grow at 30 percent per year for three years. Thereafter, the dividend will grow at 4 percent per year in perpetuity. if the appropriate discount rate for the stock is 13 percent, what is the price of the stock today
Answer: $70
Explanation:
Price = Present value of year 1 dividend + Present value of year 2 dividend + Present value of year 3 dividend + Present value of year 4 dividend + Present value of year 4 price
Year 4 price = Year 4 dividend / ( Required return - Growth rate after 3 years)
= (3.50 * 1.30³ * 1.04) / (13% - 4%)
= $88.856
Price = (3.50 / (1 + 13%)) + ( (3.50 * 1.3) / 1.13²) + ( (3.50 * 1.3²) / 1.13³) + ( (3.50 * 1.3³) / 1.13⁴) + 88.856/1.13⁴
= $69.97
= $70
Cincinnati Exporters wants to raise $40 million to expand its business. To accomplish this, it plans to sell 22-year, $1,000 face value, semiannual coupon bonds. The bonds will be priced to yield 6.85 percent and coupon rate of 5.72 percent. What is the minimum number of bonds it must sell to raise the money it needs
Answer:
Minimum number of units to be issued = 45,791.4 units
Explanation:
The units of the bonds to be sold to raise the money equals to the price of the bonds divided by the sum to be raised
The price of a bond is the present value (PV) of the future cash inflows expected from the bond discounted using the yield to maturity.
These cash flows include interest payment and redemption value
The price of the bond can be calculated as follows:
Step 1
PV of interest payment
Semi-annual coupon rate = 5.72/2 = 2.86 %
Semi-annual Interest payment =( 2.86 %×$1000)= $28.6
Semi annual yield = 6.85%/2 = 3.42%
PV of interest payment
= A ×(1- (1+r)^(-n))/r
A- interest payment, r- yield -3.42%, n- no of periods- 2 × 22 = 44 periods
= 28.6× (1-(1.0342)^(-44)/0.0342)= 645.82
Step 2
PV of redemption value (RV)
PV = RV × (1+r)^(-n)
RV - redemption value- $1000, n- 7, r- 4.5%
= 1,000 × (1+0.0342)^(-2×22)
= 1000 × 1.0342^(-44)= 227.7
Step 3
Price of bond = PV of interest payment + PV of RV
645.82 + 227.7= 873.525
Minimum number of units to be issued = $40 million/873.5= 45,791.4 units
Minimum number of units to be issued = 45,791.4 units
A company establishes a $2,050 petty cash fund on May 2. On May 30, the fund shows $868 in cash along with receipts for the following expenditures: transportation-in, $160; postage expenses, $589; and miscellaneous expenses, $440. The petty cashier could not account for a $7 overage in the fund. The company uses the perpetual system in accounting for merchandise inventory. Prepare the (1) May 2 entry to establish the fund, (2) May 30 entry to reimburse the fund [Hint: Credit Cash Over and Short for $7 and credit Cash for $1,182], and (3) June 1 entry to increase the fund to $2,400.
Answer:
Explanation:
Petty cash $2,050
Cash $2,050
Merchandise inventory $160
Postage Expense $589
Misc. expenses $440
Credit:
Cash over and short $7
Cash
Petty Cash $350
Cash $350
(2400-2050)
Reliable Corporation provides computer consulting services to the local community and keeps its accounting records using cash-basis accounting. For the current year, cash was received from customers, $48,000, and cash salaries to employees were paid, $26,000. At the beginning of the year, customers owe Reliable $1,200. By the end of the year, customers owe $7,600. At the beginning of the year, Reliable owes employee salaries of $6,600. At the end of the year, Reliable owes employee salaries of $3,800. Determine cash-basis net income and accrual-basis net income for the current year.
Answer:
Net Income as per the Cash Basis Accounting $22,000
Net Income as per the Accrual Basis Accounting is $31,200
Explanation:
The cash basis accounting says that the net income is the cash left after the difference in the net cash inflow and cash outflow.
Mathematically,
Net Income By Using Cash Basis Accounting = Net Cash Inflow - Net Cash Outflow
Here
Net Cash Inflow is $48,000
Net Cash Outflow is $26,000
By putting values, we have:
Net Income By Using Cash Basis Accounting = $48,000 - $26,000
= $22,000
Now, when we are using accrual accounting then the first thing we should know is that whether the expense or income is related to the period or not. If the income is related to the period, then it must be included in the income and if it is not then it will be excluded. The same is with the expenses.
Accrual Income Computation:
Cash Received for the year is $48000 which will be included.
The receiveable amount of $1200 is for the previous period which means it will be excluded.
Furthermore, the receivable amount of $7600 includes $1200 of the previous month which means the difference ($6400) would be included.
This implies that
Accrual Income For The Period = $48000 + $6400 = $54,400
Now Accrual Expense Computation:
The cash salaries of $26000 paid to employees will be included.
The salaries payable of $6600 belongs to the previous period which means it must not be included.
The closing salaries payable is $3800 which means that the difference of opening and closing which is $2800, was paid against the previous month and hence must be deducted from the cash salaries for the period.
This implies that
Accrued Expense For The Period = $26000 - $2800 = $23200
Finally,
Net Accrued Income = $54,400 - $23,200 = $31,200
The net income is the income amount earned at the year-end. The amount of net income by cash basis is $22,000, while the net income by accrual basis is $23,200.
What is net income?The net income is the remaining amount of income with the business at the year-end. It is determined by deducting all the operating and non-operating expenses from the total income earned during the specified period.
The computation of net income by using cash basis accounting:
[tex]\begin{aligned}\text{Net Income}&=\text{Net Cash Inflow}-\text{Net Cash Outflow}\\&=\$48,000-\$26,000\\&=\$22,000\end{aligned}[/tex]
The computation of net income by using accrual basis accounting is shown in the image attached below.
Therefore, the net income is $22,000 by cash basis accounting and $23,200 in accrual basis accounting.
Learn more about net income, here:
https://brainly.com/question/25247632
Find a false statement on bond duration. Multiple choice question. With time to maturity and yield to maturity held constant, a bond's duration and interest rate sensitivity are higher when the coupon rate is lower. With other factors held constant, the duration of a coupon bond is higher when the bond's yield to maturity is higher. Duration always increases with maturity for a premium bond. The duration of a zero-coupon bond equals its time to maturity.
Answer:
✓With time to maturity and yield to maturity held constant, a bond's duration and interest rate sensitivity are higher when the coupon rate is lower.
✓The duration of a zero-coupon bond equals its time to maturity.
✓Duration always increases with maturity for a premium bond.
Explanation:
Bond duration in finance can be regarded as a way used in measuring
the likelyhood or how much the prices of bond to change when and there is a movement in interest rates. It can be defined as the measurement of the risk interest rate. With Understanding about bond duration, it will be easier for investors to determine how bonds can fit in to investment portfolio. It should be noted that With other factors held constant, the duration of a coupon bond is higher when the bond's yield to maturity is higher.
Direct materials $10 Direct labor $6 Variable manufacturing overhead $4 Fixed manufacturing overhead per year $220,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold $6 Fixed selling and administrative expense per year $61,000 Year 1 Year 2 Units in beginning inventory 0 1,000 Units produced during the year 11,000 10,000 Units sold during the year 10,000 7,000 Units in ending inventory 1,000 4,000 The net operating income (loss) under variable costing in Year 1 is closest to:
Answer:
Results are below.
Explanation:
I will assume a selling price per unit of $60.
First, we need to calculate the total unitary variable cost:
Total unitary variable cost= direct material + direct labor + varaiboe overhead + variable selling and administrative expense
Total unitary variable cost= 10 + 6 + 4 + 6
Total unitary variable cost= $26
Now, we can structure the income statement:
Sales= 10,000*60= 600,000
Total variable cost= 10,000*26= ( 260,000)
Contribution margin= 340,000
Fixed manufacturing overhead per year= (220,000)
Fixed selling and administrative expense per year= (61,000)
Net operating income= 59,000
Which of the following statements is correct regarding compensation expense for employers in publicly traded corporations?
a. Companies are only allowed to pay compensation of $1 million each to the top four executives.
b. The tax deductible compensation is limited to $2 million for the CEO and $1 million for the next four most highly paid employees.
c. Most performance-based compensation contracts in effect on November 2, 2017 are excluded from the limit.
d. Deductible compensation expense must be considered reasonable under the facts and circumstances of the employment.
Answer:
d. Deductible compensation expense must be considered reasonable under the facts and circumstances of the employment.
Explanation:
Elon Musks collected billions of dollars due to the excellent performance of Tesla's stocks. The compensation awarded to the CEO, CFO and maximum three other executives must be reasonable. Performance based compensation is not limited in an amount, instead they are limited on the number of people that receive them.
Amrik started a business on 1 January 2017 and purchased a machine costing $18 000. He decided to depreciate the machine at 20% per annum using the reducing (diminishing) balance method. No depreciation was to be charged in the year of disposal. The machine was up sold for \$13 30 300 on 1 July 2018. What was the profit or loss on the sale of the machine? A Loss $1100 B Loss $4700 C Profit $1780 D Profit $2500 ОА Ов Ос OD
Answer: A. Loss $1,100
Explanation:
Value at the end of the first year after depreciation:
= 18,000 * (1 - 20%)
= $14,400
No depreciation was charged in the year of sale which is 2018 so only a year of depreciation applies.
Profit (loss) = Sales price - Net book value
= 13,300 - 14,400
= -$1,100
Kapoor Company uses job-order costing. During January, the following data were reported:
a. Materials purchased on account: direct materials, $98, 500: indirect materials, $14, 800.
b. Materials issued: direct materials, $82, 500: indirect materials, $8, 800.
c. Labor cost incurred: direct labor, $67, 000: indirect labor, $18, 750.
d. Other manufacturing costs incurred (all payables), $46, 200.
e. Overhead is applied on the basis of 110 percent of direct labor cost.
f. Work finished and transferred to Finished Goods Inventory cost $230, 000.
g. Finished goods costing $215, 000 were sold on account for 140 percent of cost.
h. Any over-or under applied overhead is closed to Cost of Goods Sold.
1. Prepare journal entries to record these transactions.
2. Prepare a T-account for Overhead Control. Post all relevant information to this account. What is the ending balance in this account?
3. Prepare a T-account for Work-in-Process Inventory. Assume a beginning balance of $10, 000, and post all relevant information to this account. Did you assign any actual overhead costs to Work-in-Process Inventory? Why or why not?
Answer:
a. Direct Material Purchases (Dr.) $98,500
Indirect Material Purchase (Dr.) $14,800
Accounts Payable (Cr.) $113,300
b. Direct Material Issued (Dr.) $82,500
Indirect Material Issued (Dr.) $8,800
Cost of Goods Manufactured (Cr.) $91,300
c. Direct Labor Cost Incurred (Dr.) $67,000
Indirect Labor Cost Incurred (Cr.) $18,750
Manufacturing Conversion Cost (Cr.) $85,750
d. Manufacturing Overhead (Dr.) $46,200
Factory Overhead (Cr.) $46,200
Explanation:
Journal entries are prepared for the issuance of material and labor cost to the manufacturing department. These transactions are recorded to identify the cost of factory overhead and conversions costs.
Additional information: 1. New plant assets costing $80,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $46,000 and accumulated depreciation of $38,800 were sold for $1,200 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $20,824 was declared and paid during the year. Further analysis reveals that accounts payable pertain to merchandise creditors. Prepare a statement of cash flows for Waterway Industries using the direct method.
Answer:
Cashflow Statement
Note the direct method is required for this question. This means, we reconcile the Net Income to Operating Profit by adjusting for Non-Cash items included in Income and Changes in Working Capital.
Explanation:
I have attached the full question as an image below.
define return( rate of return).
Answer:
its returning the rate that was given out
i guess i jus gave it a try
Meredith, Linda, and Peter are working together in a project team at a home appliances company. They had to select two out of five new products to be introduced in the next quarter. The team has a conflict over the choice of those two products. (a) Meredith, who is uncomfortable with confrontations, chooses to remain neutral by staying away from the argument. (b) Linda and Peter had a few arguments which were finally resolved when Linda gave in to Peter's demands.
In this situation, (a) Meredith used the____style of conflict resolution and (b) Linda used the_____style of conflict resolution.
Answer:
a) avoiding
b) accommodation
Explanation:
a) Meredith feels uncomfortable with confrontations, she chooses to remain neutral while staying away from the discussion, so it is correct to say that she used the style of avoiding conflict resolution, which occurs when individuals prefer to avoid a situation that can generate conflicts as in the case described in the matter, and so they prefer to act diplomatically avoiding confrontations and not giving opinions contrary to a given situation.
b) Linda used the accommodation style as she gave in to Peter's demands for the choice of products. In this style, the individual values the relationship with the other individual above his personal opinion, and therefore gives up on maintaining the conflict because of a situation that is less important to him than the maintenance of the relationship.