Answer: 1483000
Explanation:
By using the FIFO method, the equivalent units for the conversion cost would be calculated thus:
Beginning work in process = 80% × 85000 = 68000
Unit started and completed = 1,320,000 - 85000 = 1235000
Ending work in process = 80% × 225,000 = 180000
Total equivalent unit = 68000 + 1235000 + 180000
= 1483000
The equivalent units for the conversion cost is 1,483,000 units.
In accordancw with the FIFO method, the equivalent units for the conversion cost would be calculated as :
Beginning work in process = 80% * 85,000
Beginning work in process = 68,000
Unit started and completed = 1,320,000 - 85,000
Unit started and completed = 1,235,000
Ending work in process = 80% * 225,000
Ending work in process = 180,000
Total equivalent unit = Beginning work in process + Unit started and completed + Ending work in process
Total equivalent unit = 68,000 + 1,235,000 + 180,000
Total equivalent unit = 1,483,000
Therefore, the Option A is correct.
See similar solution here
brainly.com/question/23716390
You are a CEO of a tech company in California and you will be presenting to a group of technology professionals in a country of your choice; prepare a short audience profile of your audience and their needs. Conduct research to learn about your country and expectations of your audience in that country.
Answer:
The audience will be professional from various tech companies and organization that uses technology.
Explanation:
The audience will be IT experts from various organization who will have detailed knowledge of technological advancements in the world. As a CEO, I should have deep and extensive knowledge about the technology and should be able to answer the questions raised by the audience.
The specific-factors model is often referred to as the short-run model. Why is this the case and how does it relate to the marginal product of labor (MPL) in each sector and the production possibilities frontier (PPF)?
Answer:
A short run model is one in which particular means of production such as land, are fixed and cannot be moved between sectors or businesses. There is unrestricted labour movement amongst these different sectors, therefore each market's marginal product of labour is identical. As a result, an economy's overall workforce level is optimal.
Because greater and greater labour inputs are introduced, there are decreasing returns to scale, as well as the marginal product of labour continues to fall. As a result, the PPF curve is indeed concave and slants downward. To achieve full employment, the country can export or import at any time. The United States, for example, both produces and imports oil.
The standard cost of Product B manufactured by Pharrell Company Includes 3.7 units of direct materials at $6.8 per unit. During June, 26, 600 units of direct materials are purchased at a cost of $6.70 per unit, and 26, 600 units of direct materials are used to produce 7, 100 units of Product B.
(a) Compute the total materials variance and the price and quantity variances.
Total materials variance $
Materials price variance $
Materials quantity variance $
(b) Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.90 and the quantity purchased and used is 27,000 units.
Total materials variance $
Materials price variance $
Materials quantity variance %
Answer and Explanation:
The computation is shown below;
(a)
Total materials variance:
= ( AQ × AP ) - ( SQ × SP )
= (26600 × $6.70) - (26270 × $6.8)
= $178220 - $178636
= $416 F
Here
= 7100 × 3.7
=26,270
Materials price variance:
= ( AQ × AP ) - ( AQ × SP )
= (26600 × $6.70) - (26600 × $6.8)
= $178220 - $180,880
= $2660 F
Materials quantity variance:
= ( AQ × SP ) - ( SQ × SP )
= (26600 × $6.8) - (26270 × $6.8)
= $180,880- $178636
= $2244 U
(b)
(a) Total materials variance:
= ( AQ × AP ) - ( SQ × SP )
= (27000 × $6.90) - (26270 × $6.8)
= $186300 - $178636
= $7664 U
Here
= 7100 × 3.7
=26,270
Materials price variance:
= ( AQ × AP ) - ( AQ × SP )
= (27000 × $6.90) - (27000 × $6.8)
= $186300 - $183600
= $2700 U
Materials quantity variance:
= ( AQ × SP ) - ( SQ × SP )
= (27000 × $6.8) - (26270 × $6.8)
= $180,880- $178636
= $4964 U
Accounts payable increase $9,000
Accounts receivable increase 4,000
Salaries payable decrease 3,000
Amortization expense 6,000
Cash balance, January 1 22.000
Cash balance, December 31 15,000
Cash paid as dividends 29,000
Cash paid to purchase land 90,000
Cash paid to retire bonds payable at par 60,000
Cash received from issuance of common stock 35,000
Cash received from sale of equipment 17,000
Depreciation expense 29,000
Gain on sale of equipment 4,000
Inventory decrease 13,000
Net income 76,000
Prepaid expenses increase 2,000
Cash Flow statement - indirect method
Cash Flow
Net Income 76,000.00
Gain on Sale of Equipment $(4,000.00)
Depreciation 29,000.00
Amortization Expense 6,000.00 $31,000.00
Adjustments
Decrease in inventory $13,000.00
Gain On sale of equipment (4,000.00)
Decrease In accrued Liability (3,000.00)
Increase in prepaid expenses (2.000.00)
Increase in Accounts Payable 9,000.00 13,000.00
120,000.00
Determine which of the above affects the Investing Activities (IA) and which affects the Financing Activities (FA). Note: Insert IA or FA next to the information above, or fill in the information below.
Answer:
a. The items that affect Investing Activities (IA) are as follows:
Cash paid to purchase land 90,000
Cash received from sale of equipment 17,000
b. The items that affect Financing Activities (FA) are as follows:
Cash paid as dividends 29,000
Cash paid to retire bonds payable at par 60,000
Cash received from issuance of common stock 35,000
Explanation:
Using the items that affect the Investing Activities (IA) and the Financing Activities (FA) in the answer above, the indirect cash flow statements can be completed as follows:
Cash Flow statement - indirect method
For the Year Ended December 31, ...
Details $ $
Net Income 76,000.00
Gain on Sale of Equipment (4,000.00)
Depreciation 29,000.00
Amortization Expense 6,000.00
Adjustments
Decrease in inventory 13,000.00
Gain On sale of equipment (4,000.00)
Decrease In accrued Liability (3,000.00)
Increase in prepaid expenses (2.000.00)
Increase in Accounts Payable 9,000.00
Cash flows from operating activities 120,000.00
Investing Activities (IA)
Cash paid to purchase land (90,000.00)
Cash received from sale of equipment 17,000.00
Cash flows from investing activities 73,000.00
Financing Activities (FA)
Cash paid as dividends (29,000.00)
Cash paid to retire bonds payable at par (60,000.00)
Cash from common stock issued 35,000.00
Cash flows from financing activities 54,000.00
Net cash outflows for the year (7,000.00)
Cash balance, January 1 22,000.00
Cash balance, December 31 15,000.00
Keynesian economics:__________
a. focuses on the long run rather than the short run.
b. stresses the importance of savings to increase investment and long-run aggregate supply.
c. emphasizes that the economy is inherently stable and self-correcting.
d. maintains that prices and wages are fully flexible.
e. focuses on spending, or aggregate demand, as the fundamental factor in the economy.
Answer:
The correct answer is the option E: focuses on spending, or aggregate demand, as the fundamental factor in the economy.
Explanation:
To begin with, in the economics field the Keynesian theory was developed by John Keynes after the Great Depression in 1929 due to the fact that by then the economics area was conducted by neoliberal economists and it lead to the situation in which they found themself then so Keynes proposed the intervention of the government as more important for the economy and focusing primarily in the spending of this one with the purpose of creating more jobs and therefore the people will increase the demand because they would have money now.
A debtor, who owed a company $565, deposited a check in the bank. The bank credited the company’s account by the same account. However, in the company’s checkbook balance, it was credited as $556. What will the adjusting journal entries be?
The company will debit the cash account with $(9,556,547)and(Add,credit,debit)to the accounts receivable account the same amount to rectify the error.
Answer:
9 and credit
Explanation:
got it correct on edmentum/plato
(ASAP!!!!)
Go over the bank statement and answer the questions in detail. Use information
from the statement to support your answers.
1. This bank statement is most likely for what kind of account? Provide at least two
pieces of evidence from the statement that explain why.
Answer:
1.credit card; credit line and payment due date are shown
2.about $2243; credit available less the pending transaction
3.use more than one account; ask for a credit line increase
4.a finance charge is added; credit rating will be negatively impacted
Explanation:
1.
Deposit accounts do not have a "Payment Due Date", so this indicates a loan account of some sort. The listing of transactions with different descriptions suggests the account is used to pay a variety of creditors. The lines "credit line" and "credit available" further suggest this is a credit-card or line-of-credit type of account.
2.
The "total credit available' is a good starting indication of the additional amount the account owner can spend. There are some caveats. One is that there is a pending transaction, which will reduce the available limit when it is paid. Another is that using the maximum available credit will negatively impact the owner's credit score.
That score is maximized if the percentage of available credit used is below some amount (about 10%). A 30% utilization rate is a suggested maximum for maintaining a good credit score.
3.
Several options may be open:
the medical biller may allow payment over time
this account owner may have enough for the payment in all accounts together. (They payment may be split among different available accounts.)
this account owner can ask the credit line be raised
4.
Failure to make a payment will cause ...
a finance charge to be added to the account
(possibly) a late-payment charge to be added to the account
a "failure to pay as agreed" notice to credit reporting agencies
available credit to be reduced (possibly to zero)
The details of the consequences of a missed payment are in the account terms and conditions provided by the bank.
Gard Inc. has compiled the following information related to its five products. Costs of disposal are estimated to be 10% of selling price, and gross profit is estimated to be 25% of the selling price. Determine the value of inventory applying the lower-of-cost-or-market rule to each individual inventory item.
Answer:
Item Inventory at the lower-of-cost-or-market
#1 $214.50
#2 $240.00
#3 $266.50
#4 $315.00
#5 $422.50
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question. See attached pdf file for the complete question.
Also note: See the attached excel file for the determination of the value of inventory by applying the lower-of-cost-or-market rule.
From the attached excel file, we have:
Item Inventory at the lower-of-cost-or-market
#1 $214.50
#2 $240.00
#3 $266.50
#4 $315.00
#5 $422.50
Turnbull Co. has a target capital structure of 58% debt, 6% preferred stock, and 36% common equity. It has a before-tax cost of debt of 11.1%, and its cost of preferred stock is 12.2%. If Turnbull can raise all of its equity capital from retained earnings, its cost of common equity will be 14.7%. However, if it is necessary to raise new common equity, it will carry a cost of 16.8%. If its current tax rate is 40%, how much higher will Turnbull's weighted average cost of capital (WACC) be if it has to raise additional common equity capital by issuing new common stock instead of raising the funds through retianed earnings?
Answer:
0.75%
Explanation:
In the first place, the weighted average cost of capital is the average cost of finance a firm incurs on aggregate on all its sources of finance a shown by the formula below:
WACC=(weight of equity*cost of equity)+(weight of preferred stock*cost of preferred stock)+(weight of debt*before-tax cost of debt )*(1-tax rate)
Note only debt has tax impact deduction
tax rate=40%
WACC using retained earnings:
WACC=(36%*14.7%)+( 6%* 12.2%)+(58%* 11.1%)*(1-40%)
WACC=9.89%
WACC using new common equity:
cost of new common equity=16.8%
WACC=(36%*16.8%)+( 6%* 12.2%)+(58%* 11.1%)*(1-40%)
WACC=10.64%
increase in WACC=10.64%-9.89%
increase in WACC=0.75%
You obtain the following estimates for an AR(2) model of some returns data
yt = 0.803yt−1 + 0.682yt−2 + ut
Where ut is a white noise error process. By examining the characteristic equation, check the estimated model for stationarity.
Answer:
AR(2) model is not stationary
Explanation:
Given model : Yt = 0.803yt-1 + 0.682yt-2 + ut ---- ( 1 )
ut = noise error process
Aim : Check estimated model for stationarity
step 1 : represent the estimated polynomial of the model ( where: ut ∪ N(o,б^2 ) rewrite equation 1
Yt - 0.803yt-1 - 0.682yt-2 = ut ------- ( 2 )
hence the polynomial can be represented as :
( 1 - 0.803B - 0.682B^2 )Yt = ut
Characteristic of the obtained polynomial can be represented as ;
1 - 0.803λ - 0.682λ^2 - 1 = 0
attached below is the remaining part of the solution
Determine the finance charge on an $8,000 loan with a monthly payment of $162.80 for 60 months.
Answer:
$1,768.00
Explanation:
We are asked to calculate the finance charge on an $ 8000
Now as there is a monthly payment of $162.80 which is been paid for 60 months.
so, total amount paid=$(162.80×60)=$9768
Now the loan was $8000
Hence the finance charge is the charge that he paid extra along with the loan.
Hence, finance charge= total amount paid- amount of loan
Finance charge=$9768-$8000=$1768
Which types of post secondary education are examples of traditional academic education? Check all that apply
A. Associate Degree
B. Apprenticeship
C. Bachelor’s Degree
D. Technical School Degree
A machine with a book value of $250,400 has an estimated six-year life. A proposal is offered to sell the old machine for $215,300 and replace it with a new machine at a cost of $283,100. The new machine has a six-year life with no residual value. The new machine would reduce annual direct labor costs from $50,900 to $40,700.
Required:
a. Prepare a differential analysis dated February 18 on whether to continue with the old machine (Alternative 1) or replace the old machine (Alternative 2).
b. Should the company continue with the old machine (Alternative 1) or replace the old machine (Alternative 2)?
Answer:
A.Continue with Old Machine (Alt. 1) $305,400
Replace Old Machine (Alt. 2) $312,000
Differential effect on net income (Alt. 2) $6,600
B. Continue with the old machine (Alternative 1
Explanation:
a. Preparation of a differential analysis dated February 18 on whether to continue with the old machine (Alternative 1) or replace the old machine (Alternative 2).
DIFFERENTIAL ANALYSIS
Continue with Old Machine (Alt. 1) or Replace Old Machine (Alt. 2) February 18
Continue with Old Machine (Alt. 1) Replace Old Machine (Alt. 2) Differential effect on net income (Alt. 2)
Revenues:
Proceeds from sale of old machine $0 $215,300 $215,300
Costs:
Purchase price $0 –$283,100 –$283,100
Direct labor (6 years) –$305,400 -$244,200 $61,200
($50,900*6years=$305,400)
($40,700*6years=$244,200)
Income (Loss) –$305,400 –$312,000 –$6,600
B. Based on the above differential analysis
The company should continue with the old machine (Alternative 1) .
Jay, a single taxpayer, purchased an annulty to help provide income during his retirement. He paid $36,000 for the annuity that provided a monthly benefit starting at his retirement date for the rest of Jay's life. His life expectancy at the time of his retirement was 180 months. Jay collected 192 payments before he died.
Which of the following is true?
a. Since Jay is no longer working, none of the payments must be included in his gross income.
b. The first $36,000 received is a nontaxable recovery of capital, and all subsequent annuity payments are taxable.
c. If Jay's income is below $25,000, none of the payments he receives are taxable.
d. All of the last 12 payments he received are taxable.
Answer:
d. All of the last 12 payments he received are taxable.
Explanation:
In the case when the life expectancy is 180 months and collected 192 payments prior he died
So according to the question, all the 12 payments would be received are taxable
Here the payment that received for 180 months would not be involved in the gross income and the remaining 12 payment would be taxable
Therefore the option d is correct
Tesla, founded in 2003, is a company that specializes in electric power technology. The firm sells its powertrain components to other car companies. At the same time, it is selling a high-performance electric Roadster and the Model S and Model X luxury cars. The company is serving two customers at the same time, both with a focused differentiation strategy: high-end car buyers and car manufacturers with electric cars in their portfolio. This has a potential conflict, creating potential competitors for the end-user businesses who have deeper pockets and a wider reach, which could slow our growth to car buyers. However, your founder, Elon Musk, believes that electric cars should be available for everyone.
Required:
Analyze the situation. Which strategy do you think Tesla should pursue moving forward to align with Mr. Musk’s goals?
Answer:
Choose to continue selling both cars as well as the technology to competitors
Explanation:
Based on the information given since Elon is of the believes that electric cars should be made available for everyone which means that the strategy I think Tesla should pursue moving forward in order to align with Mr. Musk’s goals is to CHOOSE TO CONTINUE SELLING BOTH CARS AND THE TECHNOLOGY TO COMPETITORS in order to put an end to any conflict creating potential competitors for the end-user that may arise which may likely slow the company growth to car buyers.
Yerbury Corp. manufactures construction equipment. Journalize the entries to record the following selected equity investment transactions completed by Yerbury during a recent year. Refer to the Chart of Accounts for exact wording of account titles. When required, round your answers to the nearest dollar.
Feb. 2 Purchased for cash 5,300 shares of Wong Inc. stock for $20 per share plus a $110 brokerage commission.
Mar. 6 Received dividends of $0.30 per share on Wong Inc. stock.
June 7 Purchased 2,000 shares of Wong Inc. stock for $26 per share plus a $125 brokerage commission.
July 26 Sold 6,000 shares of Wong Inc. stock for $35 per share less a $100 brokerage commission. Yerbury assumes that the first investments purchased are the first investments sold.
Sept. 25 Received dividends of $0.40 per share on Wong Inc. stock.
Answer:
Yerbury Corp.
Journal Entries:
Feb. 2 Debit Investment in Wong Inc. $106,110
Credit Cash $106,110
To record the purchase of 5,300 shares of Wong Inc. stock for $20 per share plus a $110 brokerage commission.
Mar. 6 Debit Cash $1,590
Credit Dividend Revenue $1,590
To record the receipt of dividends of $0.30 per 5,300 shares on Wong Inc. stock.
June 7 Debit Investment in Wong Inc. $52,125
Credit Cash $52,125
To record the purchase of 2,000 shares of Wong Inc. stock for $26 per share plus a $125 brokerage commission.
July 26 Debit Cash $210,000
Credit Investment in Wong Inc. $124,354
Credit Gain from Investment in Wong Inc. $85,646
To record the sale of 6,000 shares of Wong Inc. stock for $35 per share less a $100 brokerage commission.
Sept. 25 Debit Cash $ 520
Credit Dividends revenue $ 520
To record the receipt of dividends of $0.40 per 1,300 shares on Wong Inc. stock.
Explanation:
a) Data and Analysis:
Feb. 2 Investment in Wong Inc. $106,110 Cash $106,110
5,300 shares of Wong Inc. stock for $20 per share plus a $110 brokerage commission.
Mar. 6 Cash $1,590 Dividend Revenue $1,590
dividends of $0.30 per share on Wong Inc. stock.
June 7 Investment in Wong Inc. $52,125 Cash $52,125
2,000 shares of Wong Inc. stock for $26 per share plus a $125 brokerage commission.
July 26 Cash $210,000 Investment in Wong Inc. $124,354 Gain from Investment in Wong Inc. $85,646
6,000 shares of Wong Inc. stock for $35 per share less a $100 brokerage commission. Yerbury assumes that the first investments purchased are the first investments sold.
Sept. 25 Cash $ 520 Dividends revenue $ 520 dividends of $0.40 per 1,300 shares on Wong Inc. stock.
Miller owns a personal residence witha fair market value of $308,000 and an outstanding first mortgage of $246,400. Miller gets a secnd mortage on the residence and in return borrows $15,400 to purchase new jet skis. Interest on the $___________ of the first and second mortgage is treated as qualified residence indebtedness.
Answer: $246,400
Explanation:
Qualified residence indebtedness refers to the mortgage that's taken to purchase or improve on one's main home.
Based on the information given above, the on the $246,400 of the first and second mortgage is treated as qualified residence indebtedness.
Jennings Co. has total assets of $433.0 million. Its total liabilities are $114.5 million. Its equity is $318 million. Calculate the debt ratio. (Round your answer to 1 decimal place.)
Answer: 26.4%
Explanation:
The debt ratio is used to show how much of the company's assets is funded by debt.
It is calculated by the formula:
= Total liabilities / Total assets
= 114.5 / 433.0
= 0.2644
= 26.4%
Peng Company is considering an investment expected to generate an average net income after taxes of $3,300 for three years.
The investment costs $56,100 and has an estimated $7,500 salvage value.
Assume Peng requires a 5% return on its investments.
Compute the net present value of this investment.
(FV of $1, PV of $1, FVA of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) (Negative amounts should be indicated by a minus sign.)
Cash Flow Select Chart Amount X PV Factor = Present Value
Annual cash flow Present Value of an Annuity of 1 ? X 2.7232 ?
Residual value Present Value of 1 $ 7,500 X 0.8638 = $ 6,479
Present value of cash inflows ?
Immediate cash outflows
Answer:
3482.12
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Cash flow = net income + depreciation = 16,200 + 3300 = 35,700
($56,100 - $7500) / 3 = 16,200
Cash flow in year 0 = 56,100
cash flow in year 1 and 2 = 35700
cash flow in year 3 = 35,700 + 7500
i = 5%
NPV =
Write about why it is important for world leaders to make just decisions for their people and to treat neighboring countries with respect.
Answer: Approaches to authority and decision making are not the only ways in which cultures differ, but they are arguably the most important in the leadership context. ... (For a more general treatment of cultural differences, take a look at my May 2014 ... with companies in those countries, you might have noticed that a lot of people ...
Explanation:
Mustafa manufacturing company began operations on january 1. During the year, it started and completed 3, 000 units of product. The financial statements are prepared in accordance with GAAP. The company incurred the following costs:
Raw materials purchased and used—$6,200.
Wages of production workers—$7,400.
Salaries of administrative and sales personnel—$3,000.
Depreciation on manufacturing equipment—$4,400.
Depreciation on administrative equipment—$2,200.
Required
a. Determine the total product cost for the year.
b. Determine the total cost of the ending inventory.
c. Determine the total of cost of goods sold.
Answer and Explanation:
The computation is shown below;
a. The total product cost is
Raw materials purchased and used $6,200
Wages of production workers $7,400
Depreciation on manufacturing equipment $4,400
Total Product Cost $18,000
b. The total cost of the Inventory is
Units Completed = 3,000 units
Units Sold = 2,400 units
SO, the Units in ending inventory units is 600 units
Now the Total cost of the Inventory is
= $18,000 × [600 ÷ 3,000 ]
= $3600
c. The total cost of goods sold is
= $18,000 × [2,400 ÷ 3,000 ]
= $14,400
The Obama administration expressed a desire to eliminate coal as an energy source, and introduced regulations to drive the coal industry out of business. The Trump administration eased regulations on the coal industry, but also took steps to encourage the development of other forms of energy. In light of this changing regulatory environment, decision makers in the energy industry are most affected by what condition?
The available options are:
A: Uncertainty
B: Complexity
C: Intra organizational conflict
D: Inter-organizational Conflict
Answer:
Uncertainty condition
Explanation:
The relative clash in the decision or policies on coal specifically and energy in general between two successive administrations will make decision-makers in the energy industry affected by Uncertainty.
Uncertainty condition is where there is the inability to know or predict the expected outcome of a situation. Such uncertainty coondition will affect decision-makers in the energy industry regarding question of finance, the type of project to pursue, employee or staff strength, and diversity.
The decision makers that are in the industry are most affected by uncertainty.
What is uncertainty?
This is the state that exists due to the fact that people are not sure of what may happen. They are not sure of the outcome of a decision.
Uncertainty exists here due to the fact that the regulatory conditions for the sector keeps changing with the different administrations.
Complete question
The available options are:
A: Uncertainty
B: Complexity
C: Intra organizational conflict
D: Inter-organizational Conflict
Read more on uncertainty here: https://brainly.com/question/14756645
Fill in the blanks below. Possible options are given in the parentheses after each blank. If American households and firms expect that the economic conditions in the US will become worse in the near future, there will be a real impact on the US economy, in particular on the price level and real output level. However, the Federal Reserve could try to reduce the impact by _______ (buying, selling) bonds. This action will result in a ________ (higher, lower) level of money supply and a ________ (higher, lower) level of interest rate. The effect of this interest rate change is that there will be _______ (more, less) investment and _________ (increased, decreased) real GDP.
Answer:
Expectation of worse economic condition means it is experiencing recession which expected to become worse in near future. The Fed tends to increase the money supply to induce investment, which bring increase in demand and lead to an increase in real GDP.
The Federal Reserve could try to reduce the impact by buying bonds. This action will result in a higher level of money supply and a lower level of interest rate. The effect of this interest rate change is that there will be more investment and increased real GDP.
Which individuals is exempt from licensure under Florida statute 475?
Answer:
Explanation:
The plumber must first be licensed under F.S. 475, Part II. Persons appointed by a court of law to perform real estate services are exempt from real estate licensing requirements when employed by government agencies, railroads, rural electric cooperatives, or public utilities.
You have been asked to review the December 31, 2021, balance sheet for Champion Cleaning. After completing your review, you list the following three items for discussion with your superior: An investment of $30,000 is included in current assets. Management has indicated that it has no intention of liquidating the investment in 2022. A $100,000 note payable is listed as a long-term liability, but you have determined that the note is due in 10 equal annual installments with the first installment due on March 31, 2022. Deferred revenue of $60,000 is included as a current liability even though only two-thirds will be recognized as revenue in 2022, and the other one-third in 2023.
Required:
Determine the appropriate classification of each of these items.
Answer:
Champion Cleaning
Appropriate Classifications:
Long-term assets:
Investment of $30,000
Current liabilities:
Short-term note payable $10,000
Short-term deferred revenue $40,000
Long-term liabilities:
Long-term note payable $90,000
Long-term deferred revenue $20,000
Explanation:
a) Data and Analysis:
Investment of $30,000 = long-term asset
Note payable:
Short-term note payable = $10,000 ($100,000/10)
Long-term note payable = $90,000 ($100,000/10 * 9)
Deferred Revenue:
Short-term deferred revenue = $40,000 ($60,000 * 2/3)
Long-term deferred revenue = $20,000 ($60,000 * 1/3)
Compute the Work-in-Process transferred to the finished goods warehouse on April 30 using the following information:
Work-In-Process Inventory, April 30 $175
Direct material purchased during April 150
Work-In-Process Inventory, April 1 200
Direct labor costs incurred 300
Manufacturing overhead costs 250
Direct materials used in production 125
a. $1,170.
b. $1,035.
c. $1,120.
d. $985
Answer:
$700
Explanation:
The computation of work-in-progress transferred to the finished goods is given below:
We know that
= Work-In-Process inventory, April 1 + Direct materials used in production + Direct labor costs incurred + Manufacturing overhead costs - Work-In-Process Inventory, April 30
= $200 + $125 + $300 + $250 - $175
= $700
Hence, this is a correct answer
There are three equally-sized distinct subpopulations in Utopolis: unemployed, workers, and retirees. There are four possible social states which result in different utility levels for the three subpopulations:_______.
Social State Unemployed Workers Retirees
A 12 50 10
B 20 20 20
C 15 15 15
D 1 40 1
a. Which social states might plausibly be chosen by the government of Utopolis? And Why?
b. There is a government election in Utopolis with two candidates: a Rawlsian and a Utilitarian candidate. Each candidate promises to enact one of the social states above. If the majority of citizens elect the candidate, which social state will be enacted?
Answer:
A) social state A and social state D
B) Social state D
Explanation:
A) The social states that might be chosen by the government are
State A and State D : Because it has a reasonable number of active worker that are far greater than the unemployed and Retirees and this means that there is a reasonable amount of income in the social states and the data from other social states looks quite Fraudulent because there is no way the unemployed = workers and also = Retirees
B) The social state that will most likely be enacted is Social state D and this is due to the High ratio of Active workers compared to the unemployed and retirees
You are bearish on Telecom and decide to sell short 100 shares at the current market price of $50 per share.
a. How much in cash or securities must you put into your brokerage account if the broker's initial margin requirement is 50% of the value of the short position?
b. How high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position?
Answer:
A. $2,500
B. $60
Explanation:
A. Calculation to determine How much in cash or securities must you put into your brokerage account if the broker's initial margin requirement is 50% of the value of the short position
Initial Margin = 100*$50*50%
Initial Margin = $2,500
Therefore The amount of securities that you must put into your brokerage account if the broker's initial margin requirement is 50% of the value of the short position is $2,500
b. Calculation to determine How high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position
First step is to calculate the Maintenance Margin per share
Maintenance Margin per share = $50*30%
Maintenance Margin per share =$15
Second step is to calculate the Rise in price required
Rise in price required = $50*50% - $15
Rise in price required= $10
Now let calculate How high can the price of the stock go
Price of stock=$50+$10
Price of stock= $60
Therefore How high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position is $60
Which are examples of long-term goals? Select all that apply.
o joining a club or a team
o participating in a competition
o becoming fluent in another language
o saving for retirement
o writing a book
o getting a specific grade in a class
Answer:
d
Explanation:
1. Construct the project network, given the activity precedence information provided.
Activity Immediate Predecessors
A -
B -
C B
D A
E B
F B
G D, E
H F
2. Construct the project network, given the activity precedence information provided.
Activity Immediate Predecessors
A -
B -
C A, B
D B
E B
F C, D, E
G E
Answer:
SO like basically yopujust gea
Explanation: