do/your/assignment/did/you?​

Answers

Answer 1

Answer:

Did you do your assignment?

This is your answer

Answer 2

Answer:

I did mine did you?

Explanation:


Related Questions

Which of the following is not true of a mass customization process strategy?

Answers

Answer:

phone

Explanation:

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)?

Answers

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.

Which of the following is true of resumes?
A personal cover letter should be included with a resume.
A resume is not necessary if you completed an application.
The formats of electronic and hard copy resumes are the same.
An objective tells an employer what the applicant learned in school.

Answers

Answer:

Hello! Your answer would be, BELOW

Explanation:

Job objective should be listed last

Use action words when describing your experience.

These are the statements that are true about resumes. Resumes should include job objectives. However, these should be listed at the end of the resume. A second thing to remember when drafting a resume is that it is important to use action words to describe your experiences. This is because the statements become more interesting, and because this structure will highlight the role that you played in each instance.

Hope I helped! Brainiest plz! Hope you make an 100% and have a wonderful day! -Amelia♥

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.

Answers

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

How do family environment influence moral development during adolescence?

Answers

Answer:

Explanation:

In the family environment, children come to consider their actions not only in terms of justice but also in terms of emotional needs. Children learn the value of social support from their families and develop motivations based on kindness, generosity, and empathy, rather than on only personal needs and desires.

Answer:

In the family environment, children come to consider their actions not only in terms of justice but also in terms of emotional needs. Children learn the value of social support from their families and develop motivations based on kindness, generosity, and empathy, rather than on only personal needs and desires.

Explanation:

Tickets Today contracts with the producer of Riverdance to sell tickets online. Tickets Today charges each customer a fee of $6 per ticket and receives $15 per ticket from the producer. Tickets Today does not take control of the ticket inventory. Average ticket price for the event is $150. How much revenue should Tickets Today recognize for each Riverdance ticket sold?

a. $6 because the $15 from the producer is similar to a negative cost of goods sold
b. $150 because the $135 is cost of goods sold paid to the Riverdance producer
c. $21 because both the fee from the customer and the producer are earned
d. $156 because the $135 is cost of goods sold paid to the Riverdance producer
e. None of the above

Answers

In process of getting what is needed here

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

Answers

A and C (associates and bachelors)
It’s a and c I think

In current business publications, find examples of firms whose strategies to increase profits focus primarily on generating more revenue. Compare these cases with firms that are trying to cut costs to increase profits. In your initial post, include a summary of these firms and how the different strategies have been successful or unsuccessful.
Having a nice size profit margin is the goal for most companies. In order to make this happen there has to be a plan/strategy that is carefully thought out and implemented. You want to take your time and make sure things are done correctly and in a way that it is profitable and not detrimental to your company at the same time. One good example of this act comes from McDonalds. One McDonalds franchise in New York increased the price of their Big Mac from $5.98 to $6.28 currently to increase revenue. Prior to this there was an anual increase that took place. "The Golden Arches' pricing in the U.S. Rose 2% year over year in the first quarter, which was still less than the consumer Price Index's overall".
On the other end of the spectrum we have companies like Apple. Apple fired 1,600 full time employees from retail stores to increase their profit margin. "The retail segment reported operating income of $308 million during the second quarter of 2009 down from #334 million....". In cutting down on those full time positions they were able to increase their profits by paying less full time salaries to employees. "Revenue increase 8.7% to 8.16 Billion, which is more than 7.96 billion expected...". I do not feel that this is the best way to go about getting results. A merger of the two would be effective. Gradually increasing sales prices and not eliminating so many positions at once or merging positions even would be effective. You have to take into account that less employees mean more work for the workers that are left, which could leave them in a stressful work environment. In turn could mean customer service quality decreases drastically. Things have to be looked at on both sides of the spectrum.

Answers

Answer:

Following are the responses to these question.

Explanation:

The goal of most businesses is to achieve the optimum gross profit. Moreover, to achieve this, a well-designed plan or plan deserves to be placed in place. The management needs to ensure that things are done properly and so that they are successful at the same period and therefore do not harm the business. That fast-food giant Mcdonald's is a good example of this. One of McDonald's' franchises in York City recently increased its Big Mac sales from $5,98 to $6,28. Before all this, Macdonalds would have an annual boost.

"During first 4th quarter, the price of Eiffel Tower in the U.s. Increased two percent year on year was still less than price index"

They need businesses like Apple at another end of the continuum. Apple also fired 1,600 filled retail employees to increase its gross profit. "Operating revenue inside the second quarter of 2009 were down $308 million to $334 million...." We were able to boost their earnings by cutting such full-time jobs. "To 8.16 billion u.s. dollars, which is over 7.96 percent estimated, the economy increased by 8.7%.

It doesn't seem to be the right way of achieving performance. It'd be effective to mix the two. Gradual sale rates are an optimal option, not cutting too many roles at once or combination. It is borne in mind that a decrease in the number of jobs is much more work to left workers who can keep them in a demanding working environment. This could mean a dramatic decline in customer support efficiency. Stuff on all sides of the spectrum must be looked at.

The trial balance afyer one month of operation for Mason;s delivery Service as of September 30 ,20 is shown below. Data to complete the adjustments are as fellows:
(a) supplies inventory as of September 30, $90
(b) Insurance expired (used) $650
(c) Depreciation on delivery equipment $600
(d) Wages earned by employees but not paid as of September 30 $350
1. Enter the adjustments in the adjustments columds of hte work sheet and comeple the work sheet
Mason's Delivery Service
Work Sheet
For Month Ended September 30, 20--
Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
Account Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash 1,600
Accounts Receivable 940
Supplies 635
Prepaid Insurance 1,200
Delivery Equipment 6,400
Accum. Depr. - Delivery Equip.
Accounts Payable 1,220
Wages Payable
Jill Mason, Capital 8,000
Jill Mason, Drawing 1,400
Delivery Fees 6,200
Wages Expense 1,500
Advertising Expense 460
Rent Expense 800
Supplies Expense
Telephone Expense 165
Insurance Expense
Repair Expense 230
Oil and Gas Expense 90
Depr. Exp. - Delivery Equip.
15,420 15,420

Answers

Answer:

Mason's Delivery Service

Mason's Delivery Service

Worksheet

For Month Ended September 30, 20--

                    Trial Balance  Adjustments    Adjusted       Income    Balance

                                                                 Trial Balance Statement    Sheet

Account Title Debit Credit  Debit  Credit Debit Credit Debit Credit Dr. Cr.

Cash              1,600                                     1,600                             1,600

Accounts

Receivable     940                                        940                               940

Supplies          635                            545       90                                 90

Prepaid

Insurance    1,200                             650    550                               550

Delivery

Equipment 6,400                                     6,400                            6,400

Accum. Depr. - Delivery Equip.        600               600                             600

Accounts Payable   1,220                                    1,220                           1,220

Wages Payable                                 350              350                              350

Jill Mason, Capital 8,000                                   8,000                           8,000

Jill Mason,

Drawing    1,400                                       1,400                              1,400                        

Delivery Fees       6,200                                   6,200            6,200

Wages

Expense  1,500                       350          1,850              1,850

Advertising

Expense   460                                           460                460

Rent Exp.  800                                           800                800

Supplies Expense                   545            545                545

Telephone

Expense   165                                            165                165

Insurance

Expense                                650             650               650

Repair Exp 230                                          230               230

Oil and Gas

Expense     90                                            90                 90

Depr. Exp. - Delivery Equip. 600             600               600

Total     15,420  15,420      2,145 2,145 16,370 16,370 5,390 6,200 = 810

                                                                                                   10,980 10,989

Explanation:

a) Data and Calculations:

Adjustments:

a) Supplies expense $545 Supplies $545

(b) Insurance expense $650 Prepaid Insurance $650

(c) Depr. - Delivery Equip. $600 Accum. Depr. Delivery Equip. $600

(d) Wages expense $350 Wages Payable $350

         

When making a big decision, there's a six-step process that can help you.
True
False

Answers

True! it is six steps

Answer:True

Explanation:

On December 31, 2020, Ayayai Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Ayayai Co. agreed to accept a $296,600 zero-interest-bearing note due December 31, 2022, as payment in full. Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 12%. Ayayai is much more creditworthy and has various lines of credit at 6%.
1.) Prepare the journal entry to record the transaction of December 31, 2020, for the Ed Abbey Co.
2.) Assuming Ed Abbey Co.’s fiscal year-end is December 31, prepare the journal entry for December 31, 2021.
3.) Assuming Ed Abbey Co.’s fiscal year-end is December 31, prepare the journal entry for December 31, 2022.

Answers

Answer:

Ed Abbey Co. (Ayayai Co.)

Journal Entries:

1. December 31, 2020:

Debit Accounts receivable $296,600

Credit Consulting revenue $296,600

To record consulting services performed on account.

December 31, 2020:

Debit Notes receivable $296,600

Credit Accounts receivable $296,600

To record the acceptance of notes.

December 31, 2021:

Debit Interest receivable $35,592

Credit Interest revenue $35,592

To accrue interest on notes receivable.

December 31, 2022:

Debit Interest receivable $35,592

Credit  Interest revenue $35,592

To accrue interest on notes receivable.

Debit Cash $367,784

Credit Notes receivable $296,600

Credit Interest receivable $35,592

To record the full settlement of principal and interests.

Explanation:

a) Data and Analysis:

December 31, 2020: Accounts receivable $296,600 Consulting revenue $296,600

December 31, 2020: Notes receivable $296,600 Accounts receivable $296,600

December 31, 2021:

Interest receivable $35,592 Interest revenue $35,592

December 31, 2022:

Interest receivable $35,592 Interest revenue $35,592

Cash $332,192 Notes receivable $296,600 Interest receivable $35,592

Roy is looking to buy a new HDTV set. He knows from friends that LCD set screens reflect less light than plasma set screens, but that LCD sets are also more subject to blurring than plasma sets. This is an example of the ________ component of his attitude toward HDTVs.
A) conative.
B) objective.
C) cognitive.
D) affective.
E) situational.

Answers

Answer:

A) conative.

Explanation:

Conative behavior is a component of the attitude that we pertain or we behave at some point. The conative component or the behavior component is the way the attitude that we influence on how we behave or act. It involves the person's knowledge or belief about the attitude object.

In the context, Roy wishes to buy a HDTV set even though he knows that the screen of the LCD reflects less amount of light and it is also subjected to more of blurring the picture when compared to the plasma TVs.

Thus it show the conative component of the attitude of Roy towards HDTVs.

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)?

Answers

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) .

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.

Answers

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

On February 28, 2009, $5,000,000 of 6%, 10-year bonds payable, dated December 31, 2008, are issued. Interest on the bonds is payable semiannually each June 30 and December 31. If the total amount received (including accrued interest) by the issuing corporation is $5,060,000, which of the following is correct?
a) The bonds were issued at a premium.
b) The amount of cash paid to bondholders on the next interest date, June 30, 2009, is $300,000.
c) The amount of cash paid to bondholders on the next interest date, June 30, 2009, is $50,000.
d) The bonds were issued at a discount.

Answers

Answer:

a) The bonds were issued at a premium.

Explanation:

Given that

There are the bonds of $5,000,000

And, if the total amount received that involved the accrued interest also so the amount of the bond is $5,060,000

This means the bond is issued at premium as the value is increased i.e. fro m $5,000,000 the value is now $5,060,000

So, the option a is correct

And, the rest of the options would be incorrect

Based on the following petty cash information, prepare

a. the journal entry to establish a petty cash fund
b. the journal entry to replenish the petty cash fund.

On January 1, 2021, a check was written in the amount of $200 to establish a petty cash fund. During January, the following vouchers were written for cash removed from the petty cash drawer:

Voucher No. Account Debited Amount
1 Phone Expense $17.50
2 Automobile Expense 33.00
3 Joseph Levine, Drawing 54.00
4 Postage Expense 12.50
5 Charitable Contributions Expense 15.00
6 Miscellaneous Expense 49.00

Answers

Answer:

a. Date  Description            Debit     Credit

Jan 1         Petty cash             $200

                     Cash                               $200    

                (Establishment of petty cash fund)

b. Date  Description                      Debit       Credit

Jan 31      Phone Expense            $17.50

               Automobile Expense        $33

               Joseph Levine, Drawing   $54

               Postage Expense              $12.50

               C. Contributions Expense $15

               Miscellaneous Expense    $49

                       Petty cash                                  $181

               (Replenishment of petty cash fund)

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.

Answers

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

During January, Deluxe Printing pays employee salaries of $0.83 million. Withholdings in January are $76,000 for the employee portion of FICA, $210,000 for federal and state income tax, and $40,000 for the employee portion of health insurance (payable to Blue Cross/Blue Shield). The company incurs an additional $48,000 for federal and state unemployment tax, and $20,000 for the employer portion of health insurance.
The journal entry to record employer-provided fringe benefits includes:______.

Answers

Answer:

Credit to accounts payable (blue cross/blue shield) of $20,000

Explanation:

Based on the information given we were told that the amount of $20,000 is the amount for the employer portion of health insurance which therefore means that The appropiate journal entry to record employer-provided fringe benefits includes:

CREDIT To Accounts Payable (blue cross/blue shield) of $20,000.

Farrina Manufacturing uses a predetermined overhead application rate of $8 per direct labor hour. A review of the company's accounting records for the year just ended discovered the following: Underapplied manufacturing overhead: $7,200 Actual manufacturing overhead: $392,000 Budgeted labor hours: 50,000
Simone's actual labor hours worked totaled:_______.
a. 49,100.
b. 49,900.
c. 48,100.
d. 50,900.
e. cannot be determined based on the information presented.

Answers

Answer:

c. 48,100.

Explanation:

The computation of the actual labor hours worked is shown below;

Actual Overhead $392,000.00

Less: Underapplied overhead $7,200.00

Applied Overhead ($392,000 - $,7200) $384,800.00

Predetermined overhead rate $8.00

Actual labor hours ($384,800 ÷ 8) $48,100

hence, the actual labor hours worked is $48,100

Therefore the option c is correct

Answer:

Farrina Manufacturing uses a predetermined overhead application rate of $8 per direct labor hour. A review of the company's accounting records for the year just ended discovered the following: Underapplied manufacturing overhead: $7,200 Actual manufacturing overhead: $392,000 Budgeted labor hours: 50,000

Simone's actual labor hours worked totaled:_______.

a. 49,100.

b. 49,900.

c. 48,100.

d. 50,900.

e. cannot be determined based on the information presented.

-KeonLee

I hope it help

#Carry on learning

Nancy and Joan bought a small farm for $300,000 under an installment land contract with a $50,000 down payment. They will pay interest only at 6% for five years when the remaining principal balance becomes due. How much interest will they pay over the life of the contract?

Answers

Answer:

75,000

Explanation:    

300,000-50,000 = 250000*6%*5

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 %

Answers

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

If anyone knows about businesses can you help me please

Answers

Answer:

I believe it is team standard

Explanation:

One way a group of people can become an effective team is to create team standards. These are essentially the rules that govern how the team works and behaves. To be effective, the team standards need to be set and agreed to by the team members and not dictated to them by a boss or manager.

Dillon rented his personal residence at Lake Tahoe for 14 days while he was vacationing in Ireland. He resided in the home for the remainder of the year. Rental income from the property was $4,800. Expenses associated with use of the home for the entire year were as follows:_______.
Real property taxes $ 3,050
Mortgage interest 12,125
Repairs 1,325
Insurance 1,510
Utilities 5,040
Depreciation 12,400
a. What effect does the rental have on Dillon’s AGI
Effect of rental activity on Dillon's AGI
b. What effect does the rental have on Dillon’s itemized deductions?
Itemizable real property taxes
Itemizable mortgage interest

Answers

The answer is A
Got it right on edu

a. Effect of rental activity on Dillon's AGI is $0.

b. Itemizable real property taxes -$3,050

Itemizable mortgage interest- $12,125

What is real property?

Real property is defined as a parcel of land and everything permanently attached to it. The owner of real property has complete ownership rights, including the ability to possess, sell, lease, and enjoy the land.

Dillon rented his personal residence for a period not more than 15 days. He stayed for more than 15 days. If a taxpayer rented a house for less than 15 days and lived in it for more than 15 days, he is not required to include gross receipts in rental income in his AGI.

Dillon can deduct $3,050 in real estate taxes and $12,125 in mortgage interest as itemized deductions.

Therefore, Dillon does not require to include the rental income from the property in his AGI.

To learn more about real property, click here:

https://brainly.com/question/29869678

#SPJ5

Raposa, Inc., produces a special line of plastic toy racing cars. Raposa, Inc., produces the cars in batches. To manufacture a batch of the cars, Raposa, Inc., must set up the machines and molds. Setup costs are batch-level costs because they are associated with batches rather than individual units of products. A separate Setup Department is responsible for setting up machines and molds for different styles of car.

Setup overhead costs consist of some costs that are variable and some costs that are fixed with respect to the number of setup-hours. The following information pertains to June 2015:

Actual amount Static-budget Amounts
Amounts Units produced and sold 15,700 11,950
Batch size (number of units per batch) 325 265
Setup-hours per batch 3 4.25
Variable overhead cost per setup-hour $48 $45
Total fixed setup overhead costs $11,310 $9,010

Calculate the efficiency variance for variable overhead setup costs. (Round all intermediary calculations two decimal places and your final answer to the nearest whole number.)

a. $435 unfavorable
b. $4,810 favorable
c. $4,810 unfavorable
d. $435 favorable

Answers

Answer:

b. $4,810 favorable

Explanation:

Efficiency variance for variable overhead setup cost:

A. ((Actual units/Budget batch size)*Budget setup hours) * Budgeted overhead cost) = (((15700/265)*4.25)*$45 = $11,330.66

B . ((Actual units/Actual batch size)*Budget setup hours) * Budgeted overhead cost) = (((15700/325)*3)*$45 = $6,521.53

Efficiency variance for variable overhead setup cost = A - B

Efficiency variance for variable overhead setup cost = $11,330.66 - $6,521.53

Efficiency variance for variable overhead setup cost = $4.809.13 Favorable

Write about why it is important for world leaders to make just decisions for their people and to treat neighboring countries with respect.

Answers

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:

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.

Answers

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.

The Five & Dime store has a cost of equity of 15.8%, a pretax cost of 7.7%, and a tax rate of 35%. What is the firm's weighted average cost of capital if the debt-equity ratio is 0.40?
a. 10.18
b. 11.72
c. 12.72
d. 13.49
e. 14.93

Answers

Answer: 12.72%

Explanation:

The firm's weighted average cost of capital if the debt-equity ratio is 0.40 will be calculated thus:

= (1 /1+debt equity ratio)(cost of equity) + (Debt Equity ratio/1 + Debt Equity ratio)(Pre-tax cost)(1 - Tax rate)

=(1/1.40)(0.158) + (0.40/1.40)(0.077)(1 - 0.35)

= 12.72%

The firm's weighted average cost of capital is 12.72%

On December 31, the trial balance shows wages expense of $390. An additional $130 of wages was earned by the employees, but has not yet been paid. Analyze this adjustment for wages using T accounts, and then formally enter this adjustment in the general journal. (Trial balance is abbreviated as TB.)
(Income Statement)
Wages Expense
(Balance Sheet)
Wages Payable
Page:
CREDIT DATE DOC. POST NO. REF ACCOUNT TITLE DEBIT 1 20- Dec. 31 1 2 2

Answers

Answer:

                      (Income Statement)

                          Wages Expenses

Trial balance     $390 |

Adjustment       $130  |

Balance             $520 |

                      (Balance Sheet)

                      Wages Payable

                                  |  Adjustment      $130

Date     Account Titles           Debit    Credit

Dec 31  Wages expenses       $130

2020         Wages payable                   $130

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.

Answers

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)

The following data are taken from the financial statements of Crane Company.
2022 2021 Accounts receivable (net), end of year $ 567,900 $ 555,000 Net sales on account 4,831,000 4,179,000 Terms for all sales are 1/10, n/45
1) Compute for each year the accounts receivable turnover. At the end of 2015, accounts receivable was $511,500. (Round answers to 1 decimal place, e.g. 12.5.)
2) Compute for each year the average collection period. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.)

Answers

Answer and Explanation:

The computation is shown below;

(1)

As we know that

The receivables turnover = Net credit sales ÷ Average account receivable  

For the year 2017

Receivables turnover = $4,831,000 ÷ $561,450 = 8.60 times

for the year 2016:

Receivables turnover = $4,179,000 ÷ $533,250 = 7.84 times

Average net AR = (Beginning AR + Ending AR) ÷ 2

2017 = ($567,900 + $555,000) ÷ 2  = $561,450

2016 = ($555,000 + $511,500) ÷ 2 = $533,250

(2)

The average collection period = 365 days ÷ Receivables turnover

For 2017:

Average collection period = 365 ÷ 8.60 = 42.44 days

For 2016

Average collection period = 365 ÷ 7.84 = 46.56 days

Other Questions
What is the perimeter of the rectangle? Find the distance between the two points coordinate plane below?a. 6.00 b. 6.40 c. 5.50 d. 4.50 7th grades math help me pleaseeee A sphere has a radius of 12 inches. A second sphere has a radius of 9 inches. What is the difference of the volumes of the spheres?The volume of the larger sphere is cubic inches greater than the volume of the smaller sphere. what is the most common denomonator outof 1/3 1/5 how many molecules of glucose are produced in photosynthesis I WILL GIVE BRAINLIEST TO WHOEVER ANSWERS AND PLEASE ANSWER QUICKLY!How did the Constitution improve upon the Articles of Confederation?A) It lowered taxes.B) It put more power in the hands of the states.C) It created a stronger national government.D) It established freedom of religion. "-3x" + 5 < "-10" Inequality 2: 7x + x - 4 > 28 Which of the following values makes BOTH inequalities TRUE? Select all that apply! 12 "-5" 152 "-8.25" 23 48 325 Can you please help me What is the area of the sector for the following circle? Round your answer to 4 decimal places. * Bonjour pour mon oral de brevet j'ai choisi les affiches de propagande mais je n'en trouve pas pouvez vous me conseiller sur certaines affiche ? How does songwriting impact the present and future Solve this equation by Euclid's application of areas: x^2 + 12x = 64. Please help i will do anything!! Pleasee What is the equation in slope-intercept formof the line that passes through the points(-3, 10) and (3, 14)? The Aleander Company plans to issue $10,000,000 of 20-year bonds at par next June, with semiannual interest payments. The company's current cost of debt is 10 percent. However, the firm's financial manager is concerned that interest rates will increase in coming months, and has decided to take a short position in U. S. government t-bond futures. See the settlement data below for t-bond futures. (Note: One standard futures contract is $100,000).a. Calculate the present value of the corporate bonds if rates increase by 2 percentage points.b. Calculate the gain or loss on the corporate bond position.c. Calculate the number of contracts required to cover the bond position. Then calculate the current value of the futures position.d. Calculate the implied interest rate based on the current value of the futures position.e. Interest rates increase as expected, by 2 percentage points. Calculate the present value of the futures position based on the rate calculated above plus the 2 points.f. Calculate the gain or loss on the futures position.g. Calculate the overall net gain or loss.h. Is this problem an example of a perfect hedge or a cross hedge? Is it an example of speculation or hedging? Why?Delivery Month Open High Low Settle Change Open Interest(1) (2) (3) (4) (5) (6) (7)Dec 103'14 103'14 102'11 102'17 -6 678,000Mar 102'11 102'23 100'28 101'01 -5 135,855June 101'14 101'26 100'02 100'12 -5 17,255 Waterway Industries estimates its sales at 240000 units in the first quarter and that sales will increase by 26000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $35. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at:a. $5,735,800.b. $11,574,800.c. $8,380,400.d. $10,056,200. What are the values of m and o In the diagram below? 82.8 cm measured to the nearest tenth of a cm. PSYCHOLOGY QUESTIONA group of neurons that serve as the physical representation of memory is known as the a) didoed b) fluxxc) engram