5300vthe long-run framework.
the long-run framework.
the long-run framework.
the long-run framework.
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Bramble Company has the following equivalent units of production for July: materials 30200 and conversion costs 23500. Production cost data are:
Materials Conversion
Work in process, July 1 $6400 $2600
Costs added in July 54000 35000
The unit production costs for July are:
Materials Conversion Costs
a. $1.79 $1.60
b. $1.79 $1.49
c. $2.00 $1.49
d. $2.00 $1.60
Answer:
d. $2.00 $1.60
Explanation:
The unit production costs for July are calculated as
Total Cost Calculation
Materials = $6400 + $54000 = $60,400
Conversion Costs = $2600 + $35000 = $37,600
Cost per equivalent unit
Materials = $60,400 ÷ 30,200 units =$2.00
Conversion Costs = $37,600 ÷ 23500 units =$1.60
Nelter Corporation, which has only one product, has provided the following data concerning its most recent month of operations:Selling price $ 122Units in beginning inventory 290Units produced 6,600Units sold 6,590Units in ending inventory 300Variable costs per unit:Direct materials $ 42Direct labor $ 26Variable manufacturing overhead $ 2Variable selling and administrative expense $ 21Fixed costs:Fixed manufacturing overhead $ 151,800Fixed selling and administrative expense $ 46,130The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month.Required:a. Prepare a contribution format income statement for the month using variable costing.b. Prepare an income statement for the month using absorption costing.
Answer:
Part a
Nelter Corporation
Contribution format income statement for the month using variable costing
Sales ($ 122 x 6,590) $803,980
Less Cost of Goods Sold
Beginning Inventory $20,300
Add Cost of Goods Manufactured $462,000
Less Ending Inventory ($21,000) ($461,300)
Contribution $342,680
Less Expenses
Selling and administrative expense :
Variable ($21 x 6,590) $138,390
Fixed $46,130
Fixed manufacturing overhead $ 151,800 ($336,320)
Net Income (Loss) $6,360
Part b
Nelter Corporation
Income statement for the month using absorption costing
Sales ($ 122 x 6,590) $803,980
Less Cost of Goods Sold
Beginning Inventory $26,970
Add Cost of Goods Manufactured $613,800
Less Ending Inventory ($27,900) ($612,870)
Gross Profit $191,110
Less Expenses
Selling and administrative expense :
Variable ($21 x 6,590) $138,390
Fixed $46,130 ($184,520)
Net Income (Loss) $6,590
Explanation:
Variable Costing Calculations
Unit Product Cost = Variable Manufacturing Costs
= $ 42 + $ 26 + $ 2
= $ 70
Cost of Goods Manufactured = 6,600 x $ 70 = $462,000
Opening Inventory = 290 x $ 70 = $20,300
Ending Inventory = 300 x $70 = $21,000
Absorption Costing Calculations
Unit Product Cost = Variable Manufacturing Costs
= $ 42 + $ 26 + $ 2 + ($ 151,800 ÷ 6,600)
= $ 42 + $ 26 + $ 2 + $23
= $93
Cost of Goods Manufactured = 6,600 x $93 = $613,800
Opening Inventory = 290 x $93 = $26,970
Ending Inventory = 300 x $93 = $27,900
Leroy ordered a DVD player for his son's birthday. While the manufacturer guaranteed that it would ship the player within ten business days, the player was not shipped until three months after Leroy placed his order. By the time the DVD player arrived, Leroy's son's birthday had long since passed. When the player arrived, Leroy refused to sign for it. Under these circumstances:
A. Leroy holds title to the DVD player.
B. The manufacturer can only regain title if it sues Leroy.
C. Leroy and the manufacture have joint title.
Answer:
C. Leroy and the manufacturer have joint title
To conclude, think about the effect on estimated/planned and
actual figures. What about the total variance figure? Are there
external factors that may affected these figures and what
actions could the business take?
Explain the use of NBT
Vince says that the present value of $500 to be received one year from today if the interest rate is 8 percent is more than the present value of $500 to be received two years from today if the interest rate is 4 percent. Terri says that $500 saved for two years at an interest rate of 3 percent has a larger future value than $500 saved for one years at an interest rate of 6 percent. a. Both Vince and Terri are correct. b. Only Vince is correct. c. Only Terri is correct. d. Neither Vince nor Terri is correct.
Answer:
A
Explanation:
To determine if Vince is right, we have to determine the present value of the amounts
Present value is the sum of discounted cash flows
Present value of $500 to be received one year from today500 / 1.08 = $462.96
Present value of $500 to be received two years from today500 / (1.04^2) = $462.28
$462.96 > $462.28 Vince is right
To determine if Terri is right, we have to determine the future value of the amounts
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
500 x (1.03)^2 = $530.45
500 x (1.06) = $530
$530.45 > $530 Terri is right
they are both correct
Which of the following will not create minimum contacts in a state sufficient to find personal jurisdiction on an out-of-state defendant? Group of answer choices A company maintains no physical office within a state and does not send sales personnel in to conduct business, but it target advertises in the forum state, providing special products and discounts for the forum state's residents. A company maintains an office in the forum state that is manned once a week by employees. A company sends sales personnel into the forum state to conduct business but does not maintain an office within the forum state. A company maintains a website that provides information about its products and that provides an address or number that a customer can contact to obtain an order form to purchase products directly from the company.
Answer: A company maintains a website that provides information about its products and that provides an address or number that a customer can contact to obtain an order form to purchase products directly from the company.
Explanation:
With different states having varying laws but yet still sharing a lot of business interests, it is important that the states know when they can have jurisdiction over a person.
Minimum contacts is the solution and is used to determine whether an entity has sufficient contacts in a state to warrant jurisdiction over them.
Simply having a website that can be accessed by people in a state does not fall under the provisions required for minimum contact to be met so the courts in this state cannot have personal jurisdiction over this company.
At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following information:Job Direct Materials Direct Labor Machine HoursJob 765 $6,160 $1,848 22Job 766 13,338 4,212 78Job 765 produced 132 units, and Job 766 consisted of 234 units.Assuming that the predetermined overhead rate is applied by using machine hours at a rate of $107 per hour.a. Determine the balance on the job cost sheets for each job.
Answer: See explanation
Explanation:
The balance on the job cost sheets for each job will be:
Job 765:
Direct materials = $6160
Direct labor = $1848
Overhead cost = 22 × $107 = $2354
Total job cost = $6160 + $1848 + $2354 = $10362
Job 766:
Direct materials = $13338
Direct labor = $4212
Overhead cost = 78 × $107 = $8346
Total job cost = $13338 + $4212 + $8346 = $25896
Cost standards for one unit of product no. C77: Direct material 3 pounds at $2.50 per pound $ 7.50 Direct labor 5 hours at $7.50 per hour 37.50 Actual results: Units produced 7,800 units Direct material purchased 26,000 pounds at $2.70 $ 70,200 Direct material used 23,100 pounds at $2.70 62,370 Direct labor 40,100 hours at $7.30 292,730 Use the information to compute the following variances. The direct-material quantity variance is:
Answer:
Usage variance=$750
Explanation:
A material usage variance occurs when the standard quantity required to active a particular level of production is higher or lower than than the actual actual quantity used. A favorable variance would mean than less quantity of materials were used than the standard to achieve a given output level. And an adverse variance would mean the opposite
Pounds
7,800 units should have used ( 7,800× 3) 23,400
but did use 23,100
Usage variance 300
× standard price $2.50
Usage variance $750 favorable
Usage variance =$750
Wilma Company must decide whether to make or buy some of its components. The cost of producing 60,000 switches for its generators are as follow: Direct Material $30,000 Direct Labor $42,000 Variable Overhead $45,000 Fixed Overhead $60,000 Instead of making the switches at $2.70 per unit. If the company purchases all the switches, all the variable cost and one-fourth of the fixed cost will be eliminated. (a) Prepare an incremental analysis showing whether the company should make or buy the switches. (b) Would your answer be different if the released productive capacity will generate additional income of $34,000
Answer:
The company would incur $ 30,000 additional costs if it buys the switches.
No, the company should make switches in order to avoid additional costs even if the income is increased.
Explanation:
Wilma Company
Make Buy Net Income
( increase / decrease)
Direct Material $30,000 $30,000
Direct Labor $42,000 $42,000
Variable Overhead $45,000 $45,000
Fixed Overhead $60,000 $ 45000 $ 15000
Purchase Price (2.7 *60,000)
162,000 ( 162,000)
Total $177,000 $ 207,000 (30,000)
The company should make the switches because it costs more to buy rather than to make.
The company would incur $ 30,000 additional costs if it buys the switches.
No because even if the income is increased the better option would be to make switches to save the additional costs.
Explanation:
Your sister is thinking about starting a new business. The company would require $425,000 of assets, and it would be financed entirely with common stock. She will go forward only if she thinks the firm can provide a 13.5% return on the invested capital, which means that the firm must have an ROE of 13.5%. How much net income must be expected to warrant starting the business?
Answer:
Net income = $133,875
Explanation:
The amount of net income that must be earned to proceed with the investment is that which produces a return on equity of 13.5%
Return on equity is the proportion of the equity investment that is earned as net income. It is computed as follows:
Return on equity (ROE) = net income /equity capital
Equity capital in this case is the same as the total asset value of 425,000 because the assets were financed entirely with common stock.
We substitute the values as follows:
13.5% = Net income/425,00
Cross multiply
Net income = 0.135 × 425,000 = $133,875
Net income = $133,875
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You just bought your first new (used) car for $15,000. The car is out of factory warranty but the salesman can offer you an extended warranty that is 5 years, 50,000 miles, and covers the same items as a factory warranty for $2,000. Will you purchase it? Why or why not?
Answer:
I would buy it, one, because it's a warranty that is covered for 5 years, and two, because it covers everything that the factory warranty covers as well as up to 50,000 miles
Explanation:
The ledger of Cheyenne Company at the end of the current year shows Accounts Receivable $77,000, Credit Sales $810,000, and Sales Returns and Allowances $41,300. Prepare journal entries for each separate scenario below. (a) If Cheyenne uses the direct write-off method to account for uncollectible accounts, journalize the entry at December 15 if Cheyenne determines that Matisse’s $900 balance is uncollectible. (b) If Allowance for Doubtful Accounts has a credit balance of $900 in the trial balance, journalize the adjusting entry at December 31, assuming uncollectibles are expected to be 10% of accounts receivable. (c) If Allowance for Doubtful Accounts has a debit balance of $496 in the trial balance, journalize the adjusting entry at December 31, assuming uncollectibles are expected to be 9% of accounts receivable.
Answer:
a. Dec 15
Dr Bad debt expense $900
Cr Account receivable $900
b. Dec 31
Dr Bad debt expense $6,800
Cr Allowance for doubtful accounts $6,800
c. Dec 31
Dr Bad debt expense $7,426
Cr Allowance for doubtful accounts $7,426
Explanation:
Preparation of the journal entries
a. Preparation of the journal entry at December 15 if Cheyenne determines that Matisse’s $900 balance is uncollectible.
Dec 15 Bad debt expense $900
Account receivable $900
b. Preparation of the adjusting entry at December 31, assuming uncollectibles are expected to be 10% of accounts receivable
Dec 31
Dr Bad debt expense $6,800
Cr Allowance for doubtful accounts $6,800
[($77,000 x 10%) - $900]
c. Preparation of the adjusting entry at December 31, assuming uncollectibles are expected to be 9% of accounts receivable
Dec 31
Dr Bad debt expense $7,426
Cr Allowance for doubtful accounts $7,426
($77,000*9%+496)
Marketers competing on product attributes and image are said to be participating in:
Answer:
nonprice competition
Explanation:
Marketers battling on product characteristics and image is defined as Non-price competition.
What is Non-price competition?Non-price competition is a strategy that implies attracting customers and increasing sales by providing superior product quality, a unique selling proposition, a great location, and excellent service rather than lower prices. It helps brands stand out and win new consumers
It is a type of competitiveness wherein the two or more manufacturers exploit elements such as marketing, transportation, or customer support to raise demand for their products rather than price.
Therefore, it can be concluded that Non-price competition is characterized as manufacturers competing on product qualities and appearance.
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Consider the owner of a local boutique. She is deciding if she should upgrade the storage and display containers. The total cost is $2,000, and the depreciation rate is 8% per year. The expected increase in next year’s revenue resulting from the investment is $400. Assume an interest rate of 5%. a. What is the present value of the stream of revenue due to the upgrades? Round to the nearest dollar. $ b. Based on the marginal principle, the owner make this investment because the marginal benefit is the marginal cost.
Answer:
a) $3077
b) The owner should make this investment because the marginal benefit is greater than the marginal cost
Explanation:
Given data :
Total cost = $2000
depreciation rate = 8% per year
expected increase in revenue (CF ) = $400
interest rate = 5%
a) Determine the present value of the stream of revenue due to the upgrades
= CF / ( 1 + r ) ^t where ( 1 + r )^t = 13%
= 400 / 13%
= $3077
b) The owner should make this investment because the marginal benefit is greater than the marginal cost
Nemo Gill was hired by the Spectacular Tropical Aquarium and agreed to submit any disputes arising out of his employment to binding arbitration. Nemo was fired when he became a Rastafarian and urged his coworkers to become vegetarians and smoke ganja. Without waiting for the results of the arbitration, Nemo filed a complaint alleging religious discrimination with the EEOC. The EEOC quickly filed a lawsuit on his behalf. Spectacular moved to have the EEOC's lawsuit dismissed on the grounds that Nemo signed a valid arbitration agreement.
a. The EEOC cannot bring a lawsuit enforcement action against Spectacular because Nemo signed the mandatory arbitration agreement.
b. The EEOC can bring a lawsuit enforcement action against Spectacular despite Nemo's agreeing to arbitration.
c. The EEOC cannot bring a lawsuit enforcement action against Spectacular because Nemo did not wait for the results of the arbitration.
d. The EEOC cannot bring a lawsuit enforcement action against Spectacular because Nemo's urging his co-workers to smoke ganja and become vegetarians had nothing to do with his job.
Answer:
The correct answer to the question above is OPTION B (The EEOC can bring a lawsuit enforcement action against Spectacular despite Nemo's agreeing to arbitration).
Explanation:
Companies (mostly private) usually desire their employees to sign an arbitration agreement giving the fact that it removes the power of an employee to take the employer to court on certain claims instead the claims go through an arbitration proceeding that happens outside of court.
EEOC (Equal Employment Opportunity Commission) enforces the laws of the state that prohibits discrimination against employees by their employers because of where they come from, their religion, their marital status, sex, their citizenship, and a whole lot more.
So, the EEOC can bring a lawsuit enforcement action against Spectacular despite Nemo's agreeing to arbitration because the EEOC itself was not a party to the arbitration agreement between Spectacular and Nemo, and the U. S. Supreme Court gave EEOC the power to exercise its enforcement powers.
The Jones Company has a very limited return policy for its products, and a customer can only return an item with a store receipt. The Jones Company has established this return policy without any customer satisfaction research. While the Jones Company thinks its policy is fair, many customers do not. A service-providing firm like the Jones Company that does little or no customer satisfaction research is most likely to experience a gap between _______.
Answer:
the customers' wants and what management thinks customers want.
Explanation:
A warranty can be defined as a written promise or guarantee made by a manufacturer, lessor or seller about the identity or quality of goods and services or a property to a purchaser, promising him or her to repair or replace it if necessary within a specified time frame.
An express warranty is typically considered to be an affirmative promise about the quality or characteristics of an item that is being sold to a buyer and as such it is binding and enforceable by law.
It recognized by the Uniform Commercial Code ("UCC") as explicit, stated promises by a manufacturer.
In this scenario, The Jones Company has a very limited return policy for its products, and a customer can only return an item with a store receipt. The Jones Company has established this return policy without any customer satisfaction research. While the Jones Company thinks its policy is fair, many customers do not. A service-providing firm like the Jones Company that does little or no customer satisfaction research is most likely to experience a gap between the customers' wants and what management thinks customers want.
A quality function deployment can be defined as a measure of customer wants or requirements and developing them into processes (how) that each functional area of the manufacturing firm can understand and work with.
How did the Internet help give rise to the “sharing economy?”
By the means of internet apps that rent directly to consumers or connect consumer peer to peer access. For an example eBay was one of the first enablers of the sharing economy since it provided a global marketing where anyone could purchase or sell goods.
On January 1, 2021, the Montgomery Company agreed to purchase a building by making six payments. The first three are to be $37,000 each, and will be paid on December 31, 2021, 2022, and 2023. The last three are to be $52,000 each and will be paid on December 31, 2024, 2025, and 2026. Montgomery borrowed other money at a 11% annual rate. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. At what amount should Montgomery record the note payable and corresponding cost of the building on January 1, 2021
Answer:
cost of the building = $183,331.14
Explanation:
we have to calculate the present value of all the future annual payments using the 11% discount rate:
$37,000 x 2.4437 (PVIFA, 11%, 3 periods) = $90,416.90
($52,000 x 2.4437) / (1 + 11%)³ = $92,914.24
total present value = $183,331.14
g In the Shaping Department of Crane Company the unit materials cost is $2.00 and the unit conversion cost is $1.50. The department transferred out 7000 units and had 1500 units in ending work in process 20% complete. If all materials are added at the beginning of the process, the total cost to be assigned to the ending work in process is $1050. $5250. $3000. $3450.
Answer:
$3,450
Explanation:
Step 1 : Equivalent units of production in work in process
Materials = 1,500 x 100 % = 1,500
Conversion Costs = 1,500 x 20 % = 300
Step 2 : Cost to be assigned to the ending work in process
Materials (1,500 x $2.00) $3,000
Conversion (300 x $1.50) $450
Total $3,450
Conclusion
the total cost to be assigned to the ending work in process is $3,450.
Once international trade occurs, a country with a comparative advantage in the production of a good will ________ production of the good and ________. Question 3 options: not change; import the good decrease; export the good increase; export the good increase; import the good decrease; import the good
Answer:
increase; export the good.
Explanation:
Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.
Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.
Once international trade occurs, a country with a comparative advantage in the production of a good will increase production of the good and export the good.
Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.
The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.
A sales representative lives in Bloomington and must be in Indianapolis next Thursday. On each of the days Monday, Tuesday, and Wednesday, he can sell his wares in Indianapolis, Bloomington, or Chicago. From past experience, he believes that he can earn $12 from spending a day in Indianapolis, $16 from spending a day in Bloomington, and $17 from spending a day in Chicago. Where should he spend the first three days
Answer:
Bloomington.
Explanation:
Since a sales representative lives in Bloomington and must be in Indianapolis next Thursday, and on each of the days Monday, Tuesday, and Wednesday, he can sell his wares in Indianapolis, Bloomington, or Chicago, and from past experience, he believes that he can earn $ 12 from spending a day in Indianapolis, $ 16 from spending a day in Bloomington, and $ 17 from spending a day in Chicago, to determine where he should spend the first three days, the following calculation must be performed:
Indianapolis: 12 x 3 = 36
Bloomington: 16 x 3 = 48
Chicago: 17 x 3 = 51
Thus, in principle, the representative should spend his 3 days in Chicago, but if the cost of travel is discounted, he should spend those 3 days in Bloomington, since he will earn more money than if he moves in advance to Indianapolis.
Dwayne Wade Company recently signed a lease for a new office building, for a lease period of 10 years. Under the lease agreement, a security deposit of $12,000 is made, with the deposit to be returned at the expiration of the lease, with interest compounded at 5% per year.
What amount will the company receive at the time the lease expires?
Answer:
The correct answer is "$19,546.74".
Explanation:
The given values are:
Amount,
= $12,000
Years,
= 10
Interest rate,
= 10%
Now,
The future value will be:
⇒ [tex]Future \ value=Amount\times (1+Rate)^{Years}[/tex]
On substituting the given values in the above formula, we get
⇒ [tex]=12000\times (1+5 \ percent)^{10}[/tex]
⇒ [tex]=12000\times (1+0.05)^{10}[/tex]
⇒ [tex]=12000\times (1.05)^{10}[/tex]
⇒ [tex]=19,546.74[/tex] ($)
We have created the following Planned Production Orders over the planning period: 150 Product A We have the following Raw Materials on hand and available to be dedicated to these Planned Production Orders: Enough Raw Materials to product 90 Product A There are Purchase Orders at our suppliers for the following Raw Materials: 20 Product A
How many products should we order on New Purchase Orders with our suppliers?
Answer: 40 products
Explanation:
There is a need to produce 150 products.
There is enough materials to produce 90 products out of this 150.
There are purchase orders for materials for 20 more products out of this.
Number of products that should be ordered is the remaining figure:
= 150 - 90 - 20
= 40 products
The number of products that should be ordered is 40 products on the new purchase orders with our suppliers. This is part of a planned production order.
What do you mean by planned production?Production planning is the planning of production and manufacturing modules in a company or industry.
As per the question, there is a need to produce 150 products and there are enough materials to produce 90 products out of these 150.
We have purchase orders for materials for 20 more products out of this.
Therefore, the number of products that should be ordered is the remaining figure:
[tex]\rm\,Number \;of \; Products \;that \; should \;be \;ordered = 150 - 90 - 20\\\\\\rm\,Number \;of \; Products \;that \; should \;be \;ordered = 40 \;products[/tex]
Hence, the number of products that should be ordered is 40 products.
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Mariana works for a large pharmaceutical company. Last week she visited with an advisor at the nearby university because her employer encourages workers to continue their education. The company even gives employees time off to go to academic-related appointments during regularly scheduled work hours. One would assume that management at Mariana's company values the results of the Hawthorne studies, more so than traditional scientific management principles.
a. true
b. false
Sean and Yvette Durand live in Swarthmore, PA. Yvette's father, Bob, lives in Sweden. For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M). Check all that apply.
a. Yvette's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.
b. Sean buys a sweater made in Guatemala.
c. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
d. Sean's employer upgrades all of its computer systems using U.S.-made parts.
e. Yvette gets a new refrigerator made in the United States.
Answer:
Any help
Explanation:
I need acndndndndndndmdndbdbzjdjdbdbddjwbbsbxbxbxbxbdhdbdb
A businessperson is setting up a new automatic car wash and is choosing between two fully automated machines. The first machine can process up to 2,000 cars per month at a marginal cost of $1 per car. The second machine can also process up to 2,000 cars per month but at a marginal cost of $0.50 per car. The monthly lease for the machine with the higher marginal cost is $1,200. The monthly lease for the machine with the lower marginal cost is $1,590 The car wash can sell car washes for $8 per car. 1. Suppose the businessperson chooses to lease the machine with the higher marginal cost for the first month and does indeed wash 2,000 cars that month. The businessperson earned profits of____________ $ in the first month. 2. Suppose now the businessperson chooses to lease the machine with the lower marginal cost for the second month and again washes 2,000 cars that month. The businessperson earned profits of __________$ in the second month. 3. The car wash would have to wash ____________cars or more per month in order to justify paying the higher-priced machine lease.
Answer:
i wil do it asap asap
Explanation:
asap asap
Matlock Company uses a periodic inventory system. Its beginning inventory consists of 50 units that cost $ 34 each. On June 3, the company purchased 150 units at $ 34 each. On June 15, the company sold 125 units at $ 50 each. Thecompany closes the books on June 30. The physical counts indicate that 75 units are available in the warehouse on June 30. Journalize the June transactions.
Answer:
Matlock Company
Journal Entries:
June 3: Debit Inventory $5,100
Credit Cash $5,100
To record the purchase of inventory.
June 15: Debit Cash $6,250
Credit Sales revenue $6,250
To record the sale of goods.
June 15: Debit Cost of goods sold $4,250
Credit Inventory $4,250
To record the cost of goods sold.
Explanation:
a) Data and Analysis:
June 3: Inventory $5,100 Cash $5,100
June 15: Cash $6,250 Sales revenue $6,250
June 15: Cost of goods sold $4,250 Inventory $4,250
06-14 Calculating EAR [LO4] First National Bank charges 13.1 percent compounded monthly on its business loans. First United Bank charges 13.4 percent compounded semiannually. Calculate the EAR for First National Bank and First United Bank. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) As a potential borrower, which bank would you go to for a new loan
Answer:
13.92%
13.85%
Explanation:
Effective annual interest = (1 + periodic interest)^m - 1
m = number of compounding
Periodic interest = annual interest rate / number of compounding
(1 + 0.131/12)^12 - 1 = 13.92%
(1 + 0.134/2)^2 - 1 = 13.85%
Graph with x axis labeled Quantity Demanded and numbered in hundreds, 100 to 500. Y axis is Price, with prices 0 to 6. A line r © Public Domain Based on the graph, how is quantity demanded related to price? (5 points) a Quantity demanded decreases as price decreases. b Quantity demanded decreases as price increases. c Quantity demanded increases as price increases. d Quantity demanded is equal to the product's price.
Answer:https://quizlet.com/198252271/0109-module-one-exam-flash-cards/
Explanation:
i think this is it