Answer:
$30 per machine hour
Explanation:
The firm's predetermined overhead rate for 2019 is computed as;
= Budgeted factory overhead / Budgeted machine hours
Given that;
Budgeted factory overhead = $1,290,000
Budgeted machine hours = 43,000 hours
Predetermined over head rate = $1,290,000 / 43,000 = $30 per machine hour
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:
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
Why do people need to budget their money?
Answer:
Since budgeting allows you to create a spending plan for your money, it ensures that you will always have enough money for the things you need and the things that are important to you.
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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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.
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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Exercise 3-14A Prepare an adjusted trial balance (LO3-3, 3-4) Skip to question [The following information applies to the questions displayed below.] The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Accounts Debit Credit Cash $ 9,400 Accounts Receivable 14,400 Prepaid Rent 6,480 Supplies 3,400 Deferred Revenue $ 2,400 Common Stock 11,000 Retained Earnings 5,400 Service Revenue 46,880 Salaries Expense 32,000 $ 65,680 $ 65,680 At year-end, the following additional information is available: The balance of Prepaid Rent, $6,480, represents payment on October 31, 2021, for rent from November 1, 2021, to April 30, 2022. The balance of Deferred Revenue, $2,400, represents payment in advance from a customer. By the end of the year, $600 of the services have been provided. An additional $700 in salaries is owed to employees at the end of the year but will not be paid until January 4, 2022. The balance of Supplies, $3,400, represents the amount of office supplies on hand at the beginning of the year of $1,400 plus an additional $2,000 purchased throughout 2021. By the end of 2021, only $740 of supplies remains. Exercise 3-14A Part 2 2. Prepare an adjusted trial balance as of December 31, 2021.
Answer:
Demon Deacons Corporation
Adjusted Trial Balance:
Demon Deacons Corporation is presented below.
Accounts Debit Credit
Cash $ 9,400
Accounts Receivable 14,400
Prepaid Rent 4,320
Supplies 740
Deferred Revenue $ 1,800
Salaries Payable 700
Common Stock 11,000
Retained Earnings 5,400
Service Revenue 47,480
Salaries Expense 32,700
Rent Expense 2,160
Supplies Expense 2,660
$ 66,380 $ 66,380
Explanation:
a) Data and Calculations:
The December 31, 2021, unadjusted trial balance for
Demon Deacons Corporation is presented below.
Accounts Debit Credit
Cash $ 9,400
Accounts Receivable 14,400
Prepaid Rent 6,480
Supplies 3,400
Deferred Revenue $ 2,400
Common Stock 11,000
Retained Earnings 5,400
Service Revenue 46,880
Salaries Expense 32,000
$ 65,680 $ 65,680
Adjustments:
DR Rent Expense $2,160 CR Prepaid Rent $2,160
DR Deferred Revenue $600 CR Service Revenue $600
DR Salaries Expense $700 CR Salaries Payable $700
DR Supplies Expense $2,660 CR Supplies $2,660
Please help meeeeeee
What types of home products are manufactured in your locality? Write with examples..
Answer:
•product adjustment/modification
•product positioning and repositioning
•product line extensions
•product line breadth
•product line depth
•product line in services
Discuss the advantages and disadvantages of the merger between the two telecommunication firms.
Your firm has been working on an advanced technology. This technology will be available in the near term. The firm anticipates the first annual cash flow from the technology to be $158,335, received three years from today. Subsequent annual cash flows will grow at 2.24% in perpetuity. What is the present value of the technology if the discount rate is 10.02%
Answer:
$908,551
Explanation:
Present value of the technology = First annual cash flow/(Discount rate-Growth rate))/Growth
Present value of the technology = ($158,335/(10.02%-2.24%))/2.24= $2,500,000
Present value of the technology = ($158,335/7.78%)/2.24
Present value of the technology = $2035154.241645244 / 2.24
Present value of the technology = $908551.000734483
Present value of the technology = $908,551
documentation is necessary to establish educational accommodations. true or false
Answer:
True
Explanation:
The correct option to the statement will be true.
When accessibility is being used when talking about disabilities, it means the support that are given to the disabled students in order for them to have the same opportunities that the non-disabled students have.Documentation simply means the evidence or the official information which helps serve as a record.In order to establish educational accomodations, it should be noted that documentation is very important. When there is documentation in place, the students can be given an extension that will enable them do their assignments. They can also be given notes and there can be a reduction in the number of test questions that they're given.In conclusion, the correct option is True.
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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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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.
The difference between pretax accounting income and taxable income is due to subscription revenue for one-year magazine subscriptions being reported for tax purposes in the year received, but reported in the income statement in later years when the performance obligation is satisfied. The income tax rate is 25% each year. Times-Roman anticipates profitable operations in the future.
Question Completion:
Times-Roman Publishing Company reports the following amounts in its first three years of operation: ($ in 000s) Pretax accounting income Taxable income 2018 2019 2020 S340 $320 $310 380 330 350
Required:
1. What is the balance sheet account for which a temporary difference is created by this situation?
2. For each year, indicate the cumulative amount of the temporary difference at year-end. (Enter your answers in thousands.)
3. Determine the balance in the related deferred tax account at the end of each year. Is it a deferred tax asset or a deferred tax liability? (Enter your answers in thousands.)
Answer:
Times-Roman Publishing Company
1. The balance sheet account for which a temporary difference is created by this situation is the Deferred Subscription Revenue.
2. Cumulative amount of the temporary difference at year-end:
December 31, ($ in 000s) 2018 2019 2020
Cumulative Temporary Difference $40 $50 $90
3. The balance in the related deferred tax account for each year:
December 31, ($ in 000s) 2018 2019 2020
Deferred Tax Asset (Liability) $10 $2.5 $10
They are all deferred tax assets.
Explanation:
a) Data and Calculations:
December 31, ($ in 000s) 2018 2019 2020
Pretax accounting income $340 $320 $310
Taxable income 380 330 350
Temporary Difference $40 $10 $40
Cumulative Temporary Difference $40 $50 $90
Deferred Tax Asset (Liability) $10 $2.5 $10
a) A deferred tax asset arises from the overpayment or advance payment of taxes as a result of the temporary differences between the accounting income and the taxable income. On the other hand, a deferred tax liability arises from the underpayment of taxes as a result of the temporary differences between accounting income and taxable income.
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•◍)❤
d) 3(x - 2y) - (2x - 5y) si x = -4, y = 5
To be able to explain and defend their ideas objectively to others, individuals usually need to have effective __________ skills
DO
include a signature.
Don't
include lots of exclamation marks to get your point across.
DO
include the thread of previous messages.
Do
make e-mail messages brief.
Don't
mark messages as urgent so your e-mails will be read first.
Do
use a relevant subject line.
Do
use all capital letters when the message is urgent.
Answer:ok
Explanation:
What happens when interesting stimulants are removed from the environment?
Answer:
it changes the enviorment drasticly
Explanation:
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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
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:
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.
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When a product is a ______, the more ______ its demand.
Answer:
oil
Explanation:
what's the context, what are the possible options for input?
The way you have the question now is super vague and unanswerable
Jorge has a new job in an office. Which of the following safety procedures will he most likely need to learn?
Answer: D) How to exit safely in the event of a fire
Explanation:
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
The term for distributing merchandise from the manufacturer to retail locations is called
Exclusive Distribution. strategy by which a manufacturer grants exclusive rights to distribute or sell a product to a limited number of wholesalers or retailers in a given geographic area
The term for distributing merchandise from the manufacturer to retail locations is called an allocation.
What is an allocation?Allocation is the distribution of the product to the other location.
Since when the merchandise is distributed from the manufacturer to retail locations so this we called as an allocation.
hence, The term for distributing merchandise from the manufacturer to retail locations is called an allocation.
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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)
You are in the market for a used car and decide to visit a used-car dealership. You know that the Blue Book value of the car you are looking at is between $20,000 and $24,000. If you believe the dealer knows as much about the car as you do, how much are you willing to pay
Answer:
$22,000
Explanation:
In this case, both you and the dealer have the same information about the car, meaning that information is symmetrically distributed. Since the value of the car is between $20,000 and $24,000, you should be willing to pay ($20,000 + $24,000) / 2 = $22,000
If the car dealer had more information than you, then you should be willing to pay the lower price $20,000.