Answer:
A.Dr Accounts Receivable 12,500
Cr Sales 12,500
Dr Cost of of sales 8,125
Cr Inventory 8,125
B. Dr Cash 12,250
Dr Sales Discounts 250
Cr Accounts receivable 12,500
Explanation:
Preparation of journal entries
A.Dr Accounts Receivable 12,500
Cr Sales 12,500
(Being to record cost of merchandise sold on account)
Dr Cost of of sales 8,125
Cr Inventory 8,125
(Being to record cost of the goods sold)
B. Dr Cash 12,250
(12,500-250)
Dr Sales Discounts 250
(2%*12,500)
Cr Accounts receivable 12,500
(Being to record payment within the discount period)
Which of the following is a skill?
A. Sitting
B. Hearing
C. Dancing
O D. Talking
Answer:
Dancing
Explanation:
Most people are born with the ability to sit, hear, and talk. Dancing is a skill u have to learn.
Supervisor: "If you increase your current quality score of 85% by 7%, you will have a
score of
Answer:
90.95% (if you need to round it up, then its 91%)
Explanation:
7% of 85% is 5.95%. You add that to the 85%, and you get 90.95%! :]
Hope this helped!! :]
Rousey, Inc., had a cash flow to creditors of $16,785 and a cash flow to stockholders of $7,307 over the past year. The company also had net fixed assets of $49,605 at the beginning of the year and $57,010 at the end of the year. Additionally, the company had a depreciation expense of $12,156 and an operating cash flow of $50,868. What was the change in net working capital during the year
Answer:
$7,215
Explanation:
The change in net working capital can be determined using the formula cash flow from assets provided below:
Cash flow from assets=operating cash flows-net capital spending-change in working capital
Cash flow from assets=cash flow to creditors+cash flow to shareholders
Cash flow from assets=$16,785+$7,307=$24,092
operating cash flows=$50,868
net capital spending=$57,010-$49,605+ $12,156=$19,561
$24,092=$50,868-$19,561-change in working capital
change in working capital=$50,868-$19,561-$24,092
change in working capital=$7,215
A jet-setting lawyer plans on living large on the French Rivera in retirement. The lawyer anticipates living for 20.00 more years after retirement and will need $294,800.00 per year to support her life in the South of France. While retired, she will keep her money in a tax-free account that pays 2.00% per year. How much money will the lawyer need when she retires
Answer:
the amount that lawyer needed is $4,916,674
Explanation:
The computation of the amount that lawyer needed is shown below:
= $294,800 × Present value of annuity factor(2%,20)
= $294,800 × 16.678
= $4,916,674
Hence, the amount that lawyer needed is $4,916,674
Simply we multiplied the above two items
Entrepreneurs often produce innovations related to?:
A. multiple patents
B. new ways of doing business
C. competitive intelligence
D. market identification
(Small Business Management college course)
Entrepreneurs often produce innovations related to market identification. Thus, option (d) is correct.
Who is Entrepreneurs?
The term “entrepreneur” refers to the person who launches a new business at their own risk and profit basis. The starting up of a new business with a new idea and logic is called entrepreneurship. The entrepreneur's main motive is to set up a business to generate employment.
The entrepreneur is work new idea as called startup company. The entrepreneurs as the startup, the business as the innovations of the consumer problems. The entrepreneur as the search, the market identification of the consumer demand and needs. The entrepreneur as also search the competitors of the market.
As a result, the entrepreneurs as they produced the identification of the market. Therefore, option (d) is correct.
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What is the expected return on a portfolio that will decline in value by 10% in a recession, will increase by 15% in normal times, and will increase by 20% during boom times? Each scenario has an equal likelihood of occurrence.
Answer:
8.34%
Explanation:
expected return of the stock = ∑(likeliness to occur of every economic state x expected return) = (1/3 x 20%) + (1/3 x 15%) - (1/3 x 10%) = 6.67% + 5% - 3.33% = 8.34%
The value of the expected return is equal to the sum of the individual returns times the percentage of likeliness to occur.
Compute the contribution margin ratio using the following data: sales, $4,800; total variable cost, $2,976.
Answer:
the contribution margin is $1,824
Explanation:
The computation of the contribution margin is shown below:
As we know that
Contribution margin is
= $Sales - variable cost
= $4,800 - $2,976
= $1,824
hence, the contribution margin is $1,824
Find the amount to which $625 will grow under each of the following conditions. Do not round intermediate calculations. Round your answer to the nearest cent.
A. 4% compounded annually for 5 years
____________ $
B. 4% compounded semiannually for 5 years
____________ $
C. 4% compounded quarterly for 5 years
____________ $
D. 4% compounded monthly for 5 years
____________ $
Answer:
Results are below.
Explanation:
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
a) i= 0.04 annually compounded
n= 5
PV= $625
FV= 625*(1.04^5)
FV= $760.41
b) i= 0.04/2 = 0.02 semiannually compounded
n= 5*2= 10
PV= $625
FV= 625*(1.02^10)
FV= $761.87
c) i= 0.04/4 = 0.01 quarterly compounded
n= 5*4= 20
PV= $625
FV= 625*(1.01^20)
FV= $762.62
d) i= 0.04/12 = 0.0033 monthly compounded
n= 5*12= 60
PV= $625
FV= 625*(1.003333^60)
FV= $763.11
Refer to Women's Athletic Wear. One of the biggest differences between men and women consumers is that men tend to stay loyal to a store. Women are much more ready to shop around--perhaps because they demand more from their products than men. Andrea wants to start jogging, but she has been told she needs to find well-fitting jogging underwear. Andrea is at the first stage of the: Group of answer choices product positioning consumer decision-making process selective perception product differentiation market segment
Answer:
consumer decision-making process
Explanation:
When buyers want to make a purchase there are many factors that come into play before he makes a choice on which product to buy.
The process by which a user identifies which product best meets his needs, gathers information on how to solve their needs, examines alternatives, make purchase, and gauge satisfaction from purchase are the processes of consumer decision-making process.
On the given scenario Andrea wants to start jogging, and she has been told she needs to find well-fitting jogging underwear.
This is the the stage of identifying consumer needs, the first stage of consumer decision-making process.
In your own life, what is important to you to “preserve, protect and/or defend”?
Answer:Um protect or to defend.
Explanation:
One of the assumptions underlying the production possibilities curve (or
production possibilities frontier) for any given economy is that
A. all societies will choose to operate at a point inside the curve
B. there is full employment of resources when the economy is on the
curve
C. goods can be produced outside the curve.
D. there is an unlimited supply of resources.
E the state of technology changes
Resources are fully utilized when the economy is on the production possibility curve. Therefore, option B is correct.
What is the Production possibility curve?The production possibilities curve displays different production volume combinations for two items utilizing fixed resources. The idea is that if the production of one commodity rises, the output of the other will fall.
The essential assumptions of the production possibility curve are: Resources are provided and don't change. The technology employed in the manufacturing process doesn't change. The resources are effectively and completely used.
The Production possibility curve is useful for demonstrating the ideas of scarcity, opportunity cost, efficiency, and economic development and contraction.
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Why can internet banks offer better interest rates and lower fees than tradition banks?
A.They value their customers more.
B.They have fewer expenses.
C.They make money in different ways.
Select the correct answer. Which part of a speech contains the speaker’s arguments, ideas, examples, and proof? A. the title of the speech B. the body of the speech C. the introduction of the speech D. the conclusion of the speech
Answer:
Its in the body o
Explanation:
Answer:
it is b
Explanation:
took the test and got 100%
The total cost (in dollars) of manufacturing x auto body frames is C(x)=60,000+400x. (A) Find the average cost per unit if 200 frames are produced. (B) Find the marginal average cost at a production level of 200 units. (C) Use the results from parts (A) and (B) to estimate the average cost per frame if 201 frames are produced.
Answer:
a) Average price per unit = 700
b) average marginal cost = -1.5 dollars/frame
c) For 201 frames are produced = $698.5
Explanation:
Given Data:
C(x) = 60000 + 400x
a) Average cost for 200 units:
Total Cost of 200 units will be:
C(200) = 60000 + 400(200)
C(200) = 140,000
Total Cost of 200 units = 140,000
Average price per unit = Total Cost / number of units
Average price per unit = 140,000/200
Average price per unit = 700
b) Marginal Average Cost:
We know that marginal cost = [tex]C^{'}[/tex](x)
And the average marginal cost = [tex]\frac{d}{dx}[/tex] [tex]\frac{C(x)}{x}[/tex]
So,
= the derivative of ([tex]\frac{60,000 + 400(x)}{x}[/tex])
= the derivative of ([tex]\frac{(60,000)}{x} + 400[/tex])
= [tex]\frac{-60,000}{x^{2} }[/tex] + 0
So,
average marginal cost = [tex]\frac{-60,000}{x^{2} }[/tex]
at x = 200 units
average marginal cost = [tex]\frac{-60,000}{200^{2} }[/tex]
average marginal cost = -1.5 dollars/frame
c) Average cost per frame if 201 frames are produced:
We already seen in the part b that, the average marginal cost is decreasing by 1.5 dollars /frame. So,
if 201 frames are produced the instead of 200 then the difference is of 1 frame and we discussed that average marginal cost of 1 frame is decreasing at 1.5 dollars per frame.
So,
As we know the average cost from part a = 700 dollars.
Therefore, for 201 item = 700 dollars -1.5 dollars
For 201 frames are produced = $698.5
it is a figure of speech in which ideas,action,or object are described in nonliteral terms
Answer:
parts of speech
Explanation:
fatas Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 8,000 units in its beginning work in process inventory that were 20% complete with respect to conversion costs. An additional 95,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. During the month 102,000 units were completed in the Assembly Department and transferred to the next processing department. There were 1,000 units in the ending work in process inventory of the Assembly Department that were 20% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month
Answer:
102,200 units
Explanation:
Equivalent units for conversion costs
Note that the weighted-average method in its process costing system is being used
Units Completed and transferred ( 102,000 x 100%) 102,000
Ending Work in Process (1,000 x 20%) 200
Equivalent Units of Production 102,200
Conclusion
The equivalent units for conversion costs in the Assembly Department for the month is 102,200.
Effective project teams have a results orientation; each person has a strong commitment to accomplishing the project objective . There is a high degree of
Answer:
Effective Project leadership
Explanation:
When working on a project together, everyone has to be on the same page regarding the end goals and the means to reach the end goals. A team can only be called effective if every person is result oriented. If everyone in the team has the same level of commitment towards completing their project and thus accomplishing the objective, it is because of a high degree of Effective project leadership. An effective leader has the quality to work with different type of people and also getting the effective results.
Weib Manufacturing experienced the following events during its first accounting period: Recognized revenue from cash sale of products. Recognized cost of goods sold from sale referenced in Event 1. Acquired cash by issuing common stock. Paid cash to purchase raw materials that were used to make products. Paid wages to production workers. Paid salaries to administrative staff. Recognized depreciation on manufacturing equipment. Recognized depreciation on office furniture. Required Use the following horizontal financial statements model to show how each event affects the GAAP-based balance sheet and income statement. Indicate whether the event increases (I), decreases (D), or has no effect (NA) on each element of the financial statements. The first transaction has been recorded as an example. Show accumulated depreciation as a decrease in the book value of the appropriate asset account.
Answer:
Weib Manufacturing
Balance Sheet Income Statement
Assets = Liabilities + Equity (Revenue - Expenses = Profit)
Recognized revenue from cash sale of products:
Cash (I) = RE (I) Revenue (I)
Inventory (D) = RE (D) Expenses (NA)
Cash (I) = RE (D) Expenses CGS (I)
Cash (D) Inventory (I)
Cash (D) = RE (D) Expenses (I) Wages
Cash (D) = RE (D) Expenses (I) Salaries
Equipment (D) = RE (D) Exp (I) Depreciation
Office Furniture (D) = RE (D) Exp (I) Depreciation
Explanation:
a) Data:
RE = Retained Earnings
Exp = Expenses
CGS = Cost of Goods Sold
Increases = (I), Decreases = (D), or has no effect = (NA)
b) The above records show the effect of the accounting equation on the elements of the financial statements of the income statement and the balance sheet.
What is cost opportunity in firm
Answer:nah
Explanation:
The October transactions were as follows. Oct. 5 Received $1,490 in cash from customers for accounts receivable due. 10 Billed customers for services performed $5,090. 15 Paid employee salaries $1,380. 17 Performed $570 of services in exchange for cash. 20 Paid $1,990 to creditors for accounts payable due. 29 Paid a $260 cash dividend. 31 Paid utilities $340. Prepare a general ledger using T-accounts. Enter the opening balances in the ledger accounts as of October 1.
Answer:
there are no initial balances, but I can still record the journal entries that would go into the general ledger:
Oct. 5 Received $1,490 in cash from customers for accounts receivable due.
Dr Cash 1,490
Cr Accounts receivable 1,490
Oct. 10 Billed customers for services performed $5,090.
Dr Accounts receivable 5,090
Cr Service revenue 5,090
Oct. 15 Paid employee salaries $1,380.
Dr Salaries expense 1,380
Cr Cash 1,380
Oct. 17 Performed $570 of services in exchange for cash.
Dr Cash 570
Cr Service revenue 570
Oct. 20 Paid $1,990 to creditors for accounts payable due.
Dr Accounts payable 1,990
Cr Cash 1,990
Oct. 29 Paid a $260 cash dividend.
Dr Dividends
Cr Cash 260
Oct. 31 Paid utilities $340.
Dr Utilities 340
Cr Cash 340
A first saving account pays 5% compounded annually. A second saving account pays 5% compounded continuously. Which of the two investments is better in the long term?
What are causes and effects of increasing marginal returns?
Answer:
the extra output or change in total product caused by adding one more unit of variable input. Increasing marginal returns: as long as each new worker contributes more to total output than the worker before, total output rises at an increasing rate.
Explanation:
Which of the following is not a characteristic of a leader
Answer:
reserved nature
Answer:
A few traits typically considered highly important for leadership are optimism, self-confidence, honesty and integrity, and drive.
Explanation:
is it correct?
The most important element of a business plan's financial plan is the cash budget, which shows the salary which the entrepreneur will earn. how much money is needed to start the business and keep it operating. how many units must be sold to recover start-up costs. the tangible assets owned by the firm. how many business units should be opened and the annual tax payment to be made.
Answer:
The correct answer is the second option: How much money is needed to start the business and keep it operating.
Explanation:
To begin with, when we talk about a cash budget that is refered to a financial plan we are talking about the paper that helps the manager to establish how much money will be needed and that it will also show the flow of it in every period select by the person, commonly every month. Moreover, a cash budger is the most important part of a financial plan due to the fact that it will help the entrepreuner to have and idea of how the money is expended and from where it comes from as well so in that way he will understand better the business and its operations.
Which of the following statements is true of Islam?
Answer:
Muslims believe that Islam is the complete and universal version of a primordial faith that was revealed many times before through prophets, including Adam, Abraham, Moses, and Jesus. Muslims consider the Quran in Arabic to be the unaltered and final revelation of God.
Explanation:
I didn't get your answer?
The truthful statement about Islam is that it is a faith without a recognized hierarchy.
What is Islam?Islam is an Abrahamic monotheistic religion or sect that is primarily centered on the Quran, which Muslims believe to be the actual words of God (or Allah) as they were spoken to Muhammad, the major and last prophet of Islam.
It is the second-largest religion in the world after Christianity, with between 1 and 1.8 billion followers worldwide, or around one-fourth of the world's population.
Islam holds that God is a benevolent, all-knowing, and singular being who has guided mankind through a variety of prophets, revealed texts, and natural signs, with the Quran acting as the ultimate and all-encompassing revelation and Muhammad as the "Seal of the Prophets" (the last prophet of God).
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list and explain the gymnastics activities
Answer:
spilt , crab walk plssss follow thx
Answer:
Forward roll: a simple forward tumble where one’s whole body is rotated along the surface of the floor.
Splits: splitting your legs sideways or front-and-back such that your whole lower body, including your legs and rear end, is in contact with the ground. Splits can also be performed on a trampoline.
Cast: a semi-plank bar position with your back slightly rounded and your stomach pulled in.
Handstand: using your hands as a base, stand your full body upright and erect with your hands on the floor, your back and legs straight, and your toes pointed upward.
Handspring on vault: essentially a handstand on a vaulting horse that begins with a running leap, a flip into handstand position on the vault, and then pushing off the fault to complete the flip and land on your feet.
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Grover Company has the following data for the production and sale of 1,700 units. Sales price per unit $ 950 per unit Fixed costs: Marketing and administrative $ 340,000 per period Manufacturing overhead $ 314,500 per period Variable costs: Marketing and administrative $ 65 per unit Manufacturing overhead $ 90 per unit Direct labor $ 110 per unit Direct materials $ 220 per unit What is the full cost per unit of making and selling the product
Answer:
Total unitary cost= $870
Explanation:
First, we need to calculate the unitary fixed costs:
Unitary fixed marketing and administrative cost= 340,000 / 1,700
Unitary fixed marketing and administrative cost= $200
Unitary fixed overhead= 314,500/1,700= $185 per unit
Now, we can determine the total unitary cost:
Marketing and administrative= 65
Manufacturing overhead= 90
Direct labor= 110
Direct materials= 220
Unitary fixed marketing and administrative cost= 200
Unitary fixed overhead= 185
Total unitary cost= $870
Explain in detail the difference between the United States government's budget deficit versus the national debt.
Answer:
The debt is the total the U.S. government owes—the sums it borrowed to cover last year's deficit and all the deficits in years past.
Explanation:
Testbank Multiple Choice Question 122 On January 1, 2012, Bramble Corp. purchased for $768000, equipment having a useful life of ten years and an estimated salvage value of $36000. Bramble has recorded monthly depreciation of the equipment on the straight-line method. On December 31, 2020, the equipment was sold for $137500. As a result of this sale, Bramble should recognize a gain of
Answer: $28,300
Explanation:
The gain that Bramble will recognize will goes thus:
First and foremost, we have to calculate the accumulated depreciation on the equipment and this will be:
= (768,000 - 36,000)/10 x 9
= 658,800
After that, we would find the value of the net Bmbook value on Dec 31, 2020 and this will be:
= 768,000 - 658,800
= 109,200
The gain will then be:
= Sales value - Net book value
= 137,500 - 109,200
= 28,300
When Scott Calvin (Tim Allen) tries on a Santa suit, he discovers that he has assumed all of Santa's responsibilities. Calvin tries to challenge his acceptance of the terms of the agreement. Analyze the problem with offer, acceptance, and terms in very fine print (a magnifying glass is required.) Do the terms of the suit contract apply when Calvin did not know them at the time he put on the suit?
If you haven't seen this movie yet or don't recall some of the details, you may want to view it or rent it from a source like the library, video rental, etc.
Answer:
Yes
Explanation:
The above excerpt given in the question is taken from the film "Santa Claus" in the year 1994. In this film, Tim Allen who plays the role of a business man, named Scott Calvin. Bernard offers him the santa suit which contains a card in fine print of the 'santa claus'. As soon as Calvin wears the suit and enters the sleigh, he enters into the contract of being Santa Claus permanently.
Calvin was not aware with the terms o contract of wearing the suit, the contract is legally binding as he should have read the card with the fine print of the 'santa claus' on it before wearing the suit.