Answer:
$129,000
Explanation:
Calculation for what the correct gross profit would be:
Correct gross profit =$410,000-($261,000+$20,000)
Correct gross profit =$410,000-$281,000
Correct gross profit =$129,000
Therefore the correct gross profit would be:$129,000
Problem 4-53 (Algo) Special Order (LO 4-1, 2) Unter Components manufactures low-cost navigation systems for installation in ride-sharing cars. It sells these systems to various car services that can customize them for their locale and business model. It manufactures two systems, the Star100 and the Star150, which differ in terms of capabilities. The following information is available. Costs per Unit Star100 Star150 Direct materials $ 55 $ 65 Direct labor 24 30 Variable overhead 10 15 Fixed overhead 80 110 Total cost per unit $ 169 $ 220 Price $ 280 $ 380 Units sold 4,000 2,000 The average wage rate is $15 per hour. Variable overhead varies with the quantity of direct labor-hours. The plant has a capacity of 20,000 direct labor-hours, but current production uses only 10,400 direct labor-hours. Required: a. A nationwide car-sharing service has offered to buy 2,400 Star100 systems and 2,400 Star150 systems if the price is lowered to $190 and $240, respectively, per unit. a-1. If Unter accepts the offer, how many direct labor-hours will be required to produce the additional systems
Answer:
Unter Components
If Unter accepts the offer, the direct labor-hours required to produce the additional systems are:
= 8,640 hours.
Explanation:
a) Data and Calculations:
Product Lines Star100 Star150
Direct materials $ 55 $ 65
Direct labor 24 30
Variable overhead 10 15
Fixed overhead 80 110
Total cost per unit $ 169 $ 220
Price $ 280 $ 380
Units sold 4,000 2,000
Average wage rate is $15 per hour
Product Lines Star100 Star150
Hours to make one unit 1.6 hours 2 hours ($24/15 and $30/$15)
Special offer by a nationwide car-sharing service:
Systems to buy 2,400 2,400
Offered price $190 $240
Hours to make systems 3,840 4,800
(2,400 *1.6 hours and 2,400 *2 hours)
Total hours required to make both systems = 8,640 hours (3,840 + 4,800)
Discuss the advantages and disadvantages of the merger between the two telecommunication firms.
What are examples of financial goals? Check all that apply.
Skylar wants to pay off her college student loans within five years.
Keegan wants to graduate from high school.
Chance wants to buy a boat.
Genesis wants to learn to speak another language.
Lukas wants to earn at least $40,000 per year.
Courtney wants to join a debate club.
Answer: 1 3 5
Explanation: right
Answer:
edg 2022
Explanation:
blank be chartered by an appropriate governmental body to exist.
Answer:
A charter is a legal document that formally establishes a corporate entity. Charters are issued by national or provincial governments.
Explanation:
The incorporator oversees setting up the company, prepares and files the charter, and supervises the creation of other corporate documents. The business may also propose an amended charter if the number of directors changes, the board members themselves change, or the corporation moves its primary location.
What does the gross domestic product measure?
A. durable goods
C. value
B. intangible wealth
D. a country's total output
Answer:
A country's total output
Explanation:
Gross domestic product calculates the financial price of the original products and customer services, such that, those manufactured in a nation over a specified period of time which are purchased by the final customer. Every one of the output produced within a nation's territory is counted.
which document might you include along with your resume to give additional information about your qualifications for and interest in the job ?
a.cover letter
b.follow-up letter
c.employer evaluation
d.interviwe questins
Answer:
a
Explanation:
We should include cover letter along with our resume to give additional information about our qualifications for and interest in the job. Thus, option a is correct.
What is cover letter?A cover letter is a piece of writing typically included with a job application that summarizes the applicant's qualifications and interest in the position. A cover letter is sometimes one of just two documents given to a potential employer, therefore its quality will determine whether or not the candidate is contacted for an interview.
A strong cover letter enhances a CV by elaborating on points that are pertinent to the position. Essentially, it's a sales pitch outlining why the applicant is the most qualified for the job. Career gurus encourage job seekers to take the time to individually tailor each cover letter for the specific opportunity rather than sending out a mass mailing. Even while it takes more work, this can really make a candidate stand out.
Therefore, we can conclude that option a is correct.
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Jose can't wait to buy his first car next month. He imagines that he will make several new friends at school since everyone will want to ride in his car. He is even having a hard time concentrating on filling orders at the restaurant where he works. Does Jose's thinking have an ethical component? Who is most affected by Jose's conduct? *
Answer:
His thinking does NOT have a ethical componet.
HISELF is most affected by his conduct.
Answer:
C
Explanation:
im him
It is November 1 of Year 1. Sales for Scott Company for November and December of Year 1 and January of Year 2 are forecasted to be as follows: November, 400,000; December 600,000; January, 200,000 100% of sales are credit sales. Of these credit sales, 5% are collected during the month of sale, 25% in the following month, and 65% in the second following month; 5% are never collected. Total sales for September and October of Year 1 were 100,000 and 150,000, respectively. What is the forecasted amount of total cash collections in January of Year 2
Answer:
$420,000
Explanation:
The computation of the forecasted amount of total cash collections for the year 2 is shown below:
= 5% × Jan sales + 25% × December month + 65% × November sales
= 5% × 200,000 + 25% × 600,000 + 65% × 400,000
= $10,000 + $150,000 + $260,000
= $420,000
8. The TS Company has budgeted sales for the year as follows: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Sales in units 10,000 12,000 14,000 16,000 The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units. The finished goods inventory at the start of the year is 2,500 units. Four pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 4,200 pounds. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs in material Required: • Prepare production budget. • Prepare direct material budget.
Answer:
Results are below.
Explanation:
First, we need to determine the production budget using the following formula:
Production= sales + desired ending inventory - beginning inventory
Quarter 1:
Production= 10,000 + (0.25*12,000) - 2,500
Production= 10,500
Quarter 2:
Production= 12,000 + (0.25*14,000) - 3,000
Production= 12,500
Quarter 3:
Production= 14,000 + (0.25*16,000) - 3,500
Production= 14,500
Quarter 4:
Production= 16,000 - 4,000
Production= 12,000
Now, the direct material purchase budget:
Purchases= production + desired ending inventory - beginning inventory
Quarter 1:
Purchase= 10,500*4 + (12,500*0.1) - 4,200
Purchase= 39,050 pounds
Quarter 2:
Purchase= 12,500*4 + (14,500*0.1) - 1,250
Purchase= 50,200 pounds
Quarter 3:
Purchase= 14,500*4 + (12,000*0.1) - 1,450
Purchase= 57,750 pounds
Quarter 4:
Purchase= 12,000*4 - 1,200
Purchase= 46,800 pounds
While driving home for the holidays, you can’t seem to get Little’s Law out of your mind. You note that your average speed of travel is about 60 miles per hour. Moreover, the traffic report from a radio station states that there is an average of 24 cars going in your direction on a one-quarter mile part of the highway. What is the flow rate of the highway (going in your direction) in cars per hour?
Answer:
dont know sorrrrrrrryrrrrrrrrr
Knowledge Check 01The difference between absorption costing net operating income and variable costing net operating income can be explained by the way these two methods account for ________.multiple choice 1all overhead costsfixed overhead costsselling and administrative expensesvariable overhead costsKnowledge Check 02Absorption costing income statements ignore ________.multiple choice 2direct materials and direct labor costsdirect and indirect cost distinctionsproduct and period cost distinctionsvariable and fixed cost distinctionsKnowledge Check 03When the number of units produced is greater than the number of units sold, variable costing net operating income will be ________.multiple choice 3the same as absorption costing net operating incomegreater than absorption costing net operating incomeless than absorption costing net operating income
Answer:
The Differences between Absorption Costing and Variable Costing
1. variable overhead costs
2. variable and fixed cost distinctions
3. greater than absorption costing net operating income
Explanation:
Absorption costing does not separate costs according to their variable and fixed elements but includes all product or directs costs in the cost of goods. Variable costing, on the other hand, makes the distinctions and only accounts for variable costs in the product costs and not all the direct costs.
Your client tells you, “I fly on planes at least three times a week to lots of different destinations, so I need clothes that are stylish but also won’t show dirt.” Which of these colors is the MOST practical choice in this situation?
A.
black
B.
white
C.
beige
D.
blue
Who is responsible for filing your federal tax return?
A. The IRS.
B. Your employer.
C. The state tax agency.
D. You.
Ravonette Corporation issued 550 shares of $5 par value common stock and 300 shares of $15 par value preferred stock for a lump sum of $18,000. The common stock has a market price of $25 per share, and the preferred stock has a market price of $70 per share. Determine the amount the issuance that should go to each stock (common and preferred).
Answer:
Common stock issue price = 550 shares $5 par value
Common stock issue price = $2.750
Preferred stock issue price = $18,000
Par value of preferred stock = 300 shares * $15
Par value of preferred stock = $4,500
Paid in excess of par value of preferred stock = $18,000 - $4500
Paid in excess of par value of preferred stock = $13,500
Profit margin measures the relation of debt to assets.
True or false?
Answer:
it is false
Profit margin measures the relation of debt to assets. FALSE
Profit margin measures the relation of debt to assets, the given statement is false.
What is profit margin?The profit margin ratio, also known as the return on sales ratio or gross profit ratio, is a measure of profitability that evaluates the relationship between a company's net income and net sales to determine how much net income is made for every dollar of sales produced.
This ratio is used by creditors and investors to assess how well a company can turn revenues into net profits. A business with a very low profit margin would imply that spending are out of control and that management should budget and make cost reductions.
The profit margin ratio can be determined by dividing net income by net sales.
Hence, False is an appropriate response.
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In the context of marketing management philosophies, a sales orientation aims at
Answer:
In the context of marketing management philosophies, a sales orientation aims at: Pushing manufacturers' products more aggressively to achieve high profits. A production orientation philosophy focuses on: Assessing the resources of a firm.
A company had the following purchases and sales during its first year of operations: Purchases Sales January: 10 units at $120 6 units February: 20 units at $125 5 units May: 15 units at $130 9 units September: 12 units at $135 8 units November: 10 units at $140 13 units On December 31, there were 26 units remaining in ending inventory. Using the Perpetual FIFO inventory valuation method, what is the cost of the ending inventory
Answer:
$3540.
Explanation:
FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold
Ending inventory comprises of goods bought in May, September and November
cost of the ending inventory :
(4 x $130) + (12 x $135) + (10 x$140) = $3540
What happens when interesting stimulants are removed from the environment?
Answer:
it changes the enviorment drasticly
Explanation:
What is a product market AND how do I choose a product market . Pls help quick!!!!
Answer:
Product markets typically contain groups of consumers that share a fairly specific need that only certain and closely related kinds of products or services can meet. In the case of smartphone users, for example, only phones with specific and more or less comparable capabilities can serve the needs of these consumers. In a product market, the capacity to serve the market is often predicated on the method. Only a company that produces smartphones can compete for this market, let alone hold an intrinsic advantage, because only that product suffices.
Mr. Khalis has been employed as an account manager at Kyasara Sdn Bhd since 2 January 2012. On 1 October 2020, Kyasara Sdn Bhd decided to merge with another company named Maxell Sdn Bhd. As a consequence from that merger, the top management of Kyasara Sdn Bhd had terminated many employees including Mr. Khalis who was terminated on 30 November 2020. The company paid him a gratuity of RM280,000 in appreciation of his service. In addition, Mr. Khalis received RM110,000 as compensation for loss of employment and he withdrew RM140,000 from an unapproved fund whereby 60% of the fund was contributed by Kyasara Sdn Bhd. His remuneration and benefits received until 30 November 2020 are as follows:
1. Monthly salary of RM8,010 (after deducting employee’s EPF contribution of 11%).
2. BonuspaidinJune2020amountedtoRM10,000.
3. A monthly entertainment allowance of RM1,800, but he only spent 80% to
entertain company’s clients.
4. A monthly petrol allowance for official duties of RM480 and parking fees
allowance of RM300.
5. TraditionalmedicaltreatmentatanapprovedhospitalcostingRM650waspaid
by the company.
6. Mr. Khalis was awarded the performance incentive of RM2,500 for the year of
assessment 2018, which was paid on 31 October 2020. This incentive was
given due to his excellent service performance for the year of assessment 2018.
7. A new car costing RM250,000 with a driver were provided by the company
throughout his service.
8. A fully furnished condominium with a rental value of RM2,500 per month
(including furniture of RM800 per month) was provided until 30 November 2020.
9. A reimbursement of RM600 per month was made to pay for the salary of a
servant employed by Mr. Khalis.
10.The company paid for Mr. Khalis’s annual corporate membership fees of
RM2,500 to Kota Kemuning Golf Centre.
11.In January 2020, the company paid RM18,000 for his family’s vacation to Las
Vegas. The expenses inclusive of air tickets, accommodations and meals which were RM8,000, RM6,000 and RM4,000 respectively.
Required:
Compute the statutory employment income of Mr. Khalis for the year of assessment
44849q91 24439 99919029383737÷12838281881847747
sales has being overcast by 5000
Answer:
When sales are overcast, it means that the amount of credit sales recorded is higher than the actual amount of credit sales made.
To fix this, send the overcasted amount to the Suspense account and debit the Sales account.
Date Account Title Debit Credit
Sales $5,000
Suspense a/c $5,000
If production is increased to 700 boxes per day after the change in work rules, what is the new productivity?
Answer:
The new productivity is "29.17 boxes per hour". A further solution is provided below.
Explanation:
The given number of boxes,
= 700 boxes
After the change in the work rule,
The productivity will be:
= [tex]\frac{700 \ boxes}{3\times 8 \ hours}[/tex]
= [tex]\frac{700 \ boxes}{24 \ hours}[/tex]
= [tex]29.17 \ boxes \ per \ hr[/tex]
d) 3(x - 2y) - (2x - 5y) si x = -4, y = 5
10 Characteristics of a Successful Entrepreneur
Answer:
1.creativity
2.professionalism
3.risk taaking
4.passion
5.planning
6.knowledge
7. social skills
8.open mindedness towadrs learning, people and even failure
9.emphaty
10.the customer is everything
Explanation:
HOPE IT HELPS ( dont judge people if their answer is not correct )(◍•ᴗ•◍)❤
What are 2 tools you can use to identify possible issues in quickbooks online company
Answer: Transactional Journal and Audit Log can be used to identify possible issues in a Quickbooks Online Company.
The 2 tools you can use to identify possible issues in quickbooks online company are transactional journal and Audit log.
Accountant Toolbox contains the following Features for all QuickBooks Online Users. They are:
Voided/Deleted transaction- this filters the view of the audit log.Journal entries.Close books.Management reports. etcQuickBooks is simply known as an accounting software package developed and marketed by a company called Intuit.
Its products are targeted toward small and medium-sized businesses and offer on-premises accounting applications and also cloud-based versions.
Conclusively, It can be used for accepting business payments, manage and pay bills, and payroll functions.
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Workers over forty tend to be motivated by intrinsic motivators.
True
False
Answer: true
Explanation:
i sorta just guessed
what is the solutions of emotional differences?
Explanation:
In the work environment there are people with different personality profiles, so some routine work-related situations can end up generating some emotional barriers in organizations, such as communication difficulties, personal conflicts, stress, anger, anguish, etc.
Therefore, some solutions can be useful to reduce the impact of emotional barriers, such as not discussing with other co-workers and seeking an assertive and ethical communication that does not disrespect the individual values of each one. For managers, it is necessary to seek the development of communication skills, providing feedback so that there are no misunderstandings that can lead to conflicts.
Good Economy vs. Bad Economy:
During which economy will you find the best loan rates?
Answer:
Bad Economy
Explanation:
Lower interest rates
why is the study of finance important
Answer:
Studying finance can prepare you not only for careers in the financial services sector, but also for tasks in your everyday life. And because finance revolves around planning and analysis, studying finance and becoming more financially literate enables people to make better personal financial decisions.
Explanation:
On March 1st, Mr. Smithe signed up for a fitness program at Fit Co. and paid $960 for the entire program upfront. The program includes a total of 12 sessions and two sessions are delivered each month. How much revenue from Mr. Smithe should Fit Co. recognize at the end of March
Answer:
Revenue - March = $160
Explanation:
The accrual principle in accounting states that the revenues for a period should match the expenses for that particular period and any revenue or expense should be recorded in the period to which it relates to. This means that the upfront fee received by Fit Co. is a liability and should not be recorded as a revenue until it is earned. So, by providing two sessions in the month of March, Fit Co. has earned revenue for 2 sessions out of the twelve. Thus, at the end of March, Fit Co. should record a revenue of,
Revenue - march = 960 * 2/12 = $160
The Fit Co. can realize revenues of the month of March from Mr. Smith as $160 which is calculate as a half-yearly membership to the receiver i.e., Mr. Smithe and only two sessions will be delivered to him during the month of March.
Mr. Smithe however will be liable to pay the entire amount of $960 as membership fees as only Fit Co. is doing so for the purposes of accounting as the year will change on March 31st.
Mr. Smithe joined the fitness program offered by the Fit co. Mr. Smithe paid for the entire program upfront in full. Mr. Smithe has agreed on the fact that he will get 12 sessions for this price.In 12 sessions totally, the bifurcation of which will be 2 sessions delivered to him each month and hence it can be concluded that the fitness program is half yearly.So for 1 month of service being offered and no liabilities for the month remain by the end of Mr. Smithe, the Fit Co. will have to realize 160 dollars as their revenue for the month ended March.[tex]Revenue\ for\ March=\frac{960}{6}[/tex]
[tex]Revenue\ for\ March = 160\ dollars[/tex]
Hence, the calculation above makes it clear that that Fit Co. is able to realize a revenue of $160 for the month ended March from Mr. Smithe for accounting purposes.
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