People who agreed with the argument made in the speech would most likely have recommended which of the following solutions? Separate but equal segregated facilities to increase job opportunities for white workers Separate but equal segregated facilities to increase job opportunities for white workers A Continuation of the gold standard as the basis for money Continuation of the gold standard as the basis for money B Reduced government involvement in the economy in order to create more competition Reduced government involvement in the economy in order to create more competition C A stronger government role in the economic system A stronger government role in the economic system D

Answers

Answer 1

Answer:

A stronger government role in the economic system.

Explanation:

A stronger government role in the economic system will enable the increase of job opportunities for white workers. The government will intervene in the organizations and persuade them to hire and provide work to white workers perhaps a quota can be established or a general advice to all the organizations to increase the job opportunities for the white workers.


Related Questions

Ursula, a conventional advertising manager, allocates a sizeable amount of funds toward advertising budgets. She is primarily concerned with the sales figures at the end of every quarter and calculates return on investment for her company's product portfolio. Based on these characteristics, which of the following approaches to advertising does Ursula follow?
a. The marketing management approach
b. The generalist viewpoint
c. The specialist viewpoint
d. The consumer attrition perspective

Answers

Answer:

b. The generalist viewpoint

Explanation:

From the question we are informed about Ursula, a conventional advertising manager, allocates a sizeable amount of funds toward advertising budgets. She is primarily concerned with the sales figures at the end of every quarter and calculates return on investment for her company's product portfolio. Based on these characteristics, the approaches to advertising Ursula followed was the generalist viewpoint. Generalist can be regarded as social workers which view problems from context, and they combine some practice techniques that are best fit the situation, so some implement skills needed to intervene can be made available. They are available for well being of the clients since they knows problems can develop at any level of daily living.

Madson Company is analyzing several proposed investment projects The firm has resources only for one project Project P Project Q Project R Project S Project T Cost of investment $32,000 $38,200 $57,100 $47,400 $53,000 Net cash flow Year 1 $5,200 $3,200 $4,300 $26,000 $15,900 Year 2 $9,600 $15,300 $16,900 $8,400 $15,800 Year 3 $12,700 $14,700 $21,000 $6,400 $16,100 Year 4 $15,300 $19,300 $31,000 $4,300 $11,000 Year 5 $52,000 $2,100 $10,000 The company uses the payback period method for making capital investment decisions. On the basis of this decision model, which project should be selected? (Ignore taxes.) a. Project T b. Project Q c. Project P d. Project R e. None

Answers

Answer:

Madison Company

On the basis of the payback period decision model, the project that should be selected is:

c. Project P

Explanation:

a) Data and Analysis:

                                 Project P   Project Q   Project R   Project S   Project T

Cost of investment  $32,000    $38,200    $57,100    $47,400   $53,000

Net cash flow

Year 1                         $5,200      $3,200      $4,300   $26,000    $15,900

Year 2                        $9,600     $15,300    $16,900     $8,400     $15,800

Year 3                       $12,700     $14,700    $21,000     $6,400      $16,100

Year 4                       $15,300    $19,300     $31,000     $4,300     $11,000

Year 5                      $52,000     $2,100     $10,000

Total net cash flow $94,800   $54,600    $83,200    $45,100    $58,800

                                 Year 4       Year 4        Year 4       Unable      Year 4

b) While four of the five projects pay back within Year 4, Project P has the added advantage of more total cash inflows.  It is followed closely by Project R.  The payback period as a capital appraisal method relies on counting the years or periods when the project's investment will be recovered. The payback period method does not evaluate projects based on the time value of money unless the modernized discounted payback period method is used.

The payback period method is a method that considers the number of months or years it takes to return the initial investment.

When more than one investment is being considered under payback period, the investment with the shortest payback period will be selected.

Since the net cash inflows of each year for each project is different, the following formula is used in the attached photo to calculate the payback period:

Payback period = A + (X / Y) ………………….. (1)

Where:

A = Year immediately preceding to year of recovery

X = Amount left to be recovered

Z = Cash inflow in the year of final recovery

Before equation (1) is used, cumulative net cash inflows is first calculated as done in the attached photo.

From the attached photo, we have:

Project P’s payback period = 3.29 years

Project Q’s payback period = 3.26 years

Project R’s payback period = 3.48 years

Project S’s payback period = after 5 years

Project T’s payback period = 3.47 years

Based on above the above, b. Project Q should be selected because it has the shortest payback period which is 3.26 years.

Learn more about payback period here: https://brainly.com/question/25534287

Striker Company estimates its expected cash receipts for the period to be $80,000 and its expected cash disbursements to be $70,000. The beginning cash balance for the period was $5,000. The management wants to maintain a minimum cash balance of $40,000. Knowledge Check 01 How much cash will the company need to borrow

Answers

Answer:

$25,000

Explanation:

Calculation for How much cash will the company need to borrow

Cash needed to borrow=$40,000 - (($80,000 - $70,000) + $5,000).

Cash needed to borrow=$40,000+$10,000-$5,000

Cash needed to borrow=$25,000

Therefore How much cash will the company need to borrow is $25,000

The Cavy Company estimates that the factory overhead for the following year will be $250,000. The company calculated its Predetermined Overhead Rate to be $31.25 per machine hour for the year. The machine hours incurred for the month of April for all of the jobs were 4,780. If the actual factory overhead totaled $141,800, determine the over- or underapplied amount for the month.

Answers

Answer:

Overapplied overhead= $7,575 overapplied

Explanation:

First, we need to allocate overhead costs based on actual hours:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 31.25*4,780

Allocated MOH= $149,375

Now, the over/under allocation:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 141,800 - 149,375

Overapplied overhead= $7,575 overapplied

A company with various segments (referred to as "divisions") is considering whether to drop its Orange County division. For each the costs described below, indicate whether the cost is avoidable or unavoidable by choosing the related drop-down menu item.
1. Wages paid to the Orange County division employees who work directly for this division and will be discharged if the division is dropped.
2. General administrative expenses allocated to the Orange County division on the basis of sales dollars.
3. Depreciation expense on previously purchased machinery that is used in the Orange County division; the machinery will have no other use or resale value if the division is dropped.
4. Rent paid for the building that houses only the Orange County division.
5. The amount of rent paid to lease a private jet for use by the company's management that is allocated to the Orange County division.

Answers

Answer:

1. Avoidable.

These wages are avoidable because they will stop being paid if the division is dropped.

2. Unavoidable.

These are general administrative expenses which means that they will still be incurred regardless of if the division is dropped. They are therefore unavoidable.

3. Unavoidable.

As the machine has no other use or resale value if the division is dropped, the depreciation expense will still be incurred even if the division is dropped so this cost is unavoidable.

4. Avoidable.

Company will no longer have to pay rent if the division is dropped so this expense is an avoidable cost.

5. Unavoidable.

This cost will still be incurred by the company regardless of if the division is dropped because it is an administrative cost at company level. It is therefore unavoidable.

Rudyard Corporation had 110,000 shares of common stock and 11,000 shares of 7%, $100 par convertible preferred stock outstanding during the year. Net income for the year was $420,000 and dividends were paid to both common and preferred shareholders. Rudyard's effective tax rate is 25%. Each share of preferred stock is convertible into four shares of common stock. What is Rudyard's diluted EPS (rounded)

Answers

Answer:

$2.73

Explanation:

Diluted Earnings Per Share = Earnings Attributed to Common Stockholders ÷ Weighted Average Number of Common Stockholders Outstanding

where,

Earnings Attributed to Common Stockholders = $420,000

and

Weighted Average Number of Common Stockholders Outstanding = 110,000 + (11,000 x 4) = 154,000

therefore,

Diluted Earnings Per Share = $420,000 ÷ 154,000 = $2.73

Conclusion

Rudyard's diluted EPS is $2.73

Tony runs a sales and marketing research firm. He is very hands-on and participates in various client meetings. In almost all his conversations, Tony repeats or rephrases what a person has said. Which crucial aspect of good listening skills does Tony demonstrate? A. questioning B. negotiation C. reflecting D. confronting

Answers

Answer:

C. Reflecting

Explanation: it is correctomando

Oval Company acquired a machine that involved the following expenditures and related factors: Gross invoice price $76,000 Sales tax 2,850 Cash discount taken 1,140 Freight 1,350 Assembly of machine 1,800 Installation of machine 2,700 Assorted spare parts for future use 5,400 Tuning and adjusting machine before use 900 The initial accounting cost of the machine should be:

Answers

Answer:

$78,760

Explanation:

Cost of Machine include Purchase Price plus any costs directly incurred in bringing the asset in location and condition intended for use by management.

Calculation of Cost of Machine

Purchase Price                           $76,000

Sales Tax                                    ($2,850)

Cash discount                              ($1,140)

Freight                                          $1,350

Assembly Cost                            $1,800

Installation Cost                          $2,700

Tuning and adjusting                   $900

Total Cost                                   $78,760

Presented below is information related to Shamrock Corp., which sells merchandise with terms 2/10, net 60. Shamrock Corp. records its sales and receivables net. July 1 Shamrock Corp. sold to Warren Harding Co. merchandise having a sales price of $15,000. 5 Accounts receivable of $14,300 (gross) are factored with Andrew Jackson Credit Corp. without recourse at a financing charge of 9%. Cash is received for the proceeds; collections are handled by the finance company. (These accounts were all past the discount period.) 9 Specific accounts receivable of $14,300 (gross) are pledged to Alf Landon Credit Corp. as security for a loan of $6,500 at a finance charge of 6% of the amount of the loan. The finance company will make the collections. (All the accounts receivable are past the discount period.) Dec. 29 Warren Harding Co. notifies Shamrock that it is bankrupt and will pay only 10% of its account. Give the entry to write off the uncollectible balance using the allowance method. (Note: First record the increase in the receivable on July 11 when the discount period passed.)

Answers

Answer:

Shamrock Corp.

Entry to write off the uncollectible balance of Warren Harding Co.:

Debit Allowance for Uncollectible accounts $13,500

Credit Accounts Receivable $13,500

To write off the uncollectible account.

Explanation:

a) Data and Calculations:

Credit terms = 2/10, net 60.  This means that 2% discount is allowed to each customer for making payment within 10 days and the longest credit is 60 days.

Sales to Warren Harding Co = $15,000

Amount debited to Accounts Receivable = 14,700 ($15,000 * 98%)

Amount paid by Warren (10%) = $1,500

Amount to be written off as uncollectible = $13,500

Discount of $300 will be reversed with a debit to the Accounts Receivable and a credit to Discount Allowed (since the Shamrock Corp. records its sales and receivables net.)

Cash of $1,500 will be debited and Accounts Receivable credited to record the 10% of $15,000 cash receipt from Warren Harding Co.  The remaining amount, which is $13,500 will be written off with a debit to Allowance for Uncollectible accounts and a credit to Accounts Receivable.

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 2% stock, $60 par and 300,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $51,000; second year, $105,000; third year, $81,000; fourth year, $120,000.

Required:
Determine the dividends per share on each class of stock for each of the four years.

Answers

Answer:

The Preferred shares are cumulative which means that they will have to be paid eventually even if they weren't completed in one period.

Preferred dividend:

= 60,000 * 60 * 2%

= $72,000 per year

                                         First year:                                                            

Preferred dividend                                              Common Dividend

= $51,000                                                             = $0

They will collect it all and be owed:

= 72,000 - 51,000

= $21,000

                                              Second year:                                                            

Preferred dividend                                              Common Dividend

= 21,000 + 72,000                                               = 105,000 - 93,000

= $93,000                                                            = $12,000

Preferred accrued has been

paid off.

                                          Third year:                                                            

Preferred dividend                                              Common Dividend

= $72,000                                                            = 81,000 - 72,000

                                                                            = $9,000

                                          Fourth year:                                                            

Preferred dividend                                              Common Dividend

= $72,000                                                            = 120,000 - 72,000

                                                                             = $48,000

Different compounding periods, are used for different types of investments. In order to properly compare investments or loans with different compounding periods, we need to put them on a common basis. In order to do this, you need to understand the difference between the nominal interest rate (INOM) and the effective annual rate (EAR). The ____________ interest rate is quoted by borrowers and lenders, and it is also called the annual percentage rate (APR). If the compounding periods for different securities is the same, then you -Select- use the APR for comparison. If the securities have different compounding periods, then the __________ must be used for comparison.Here, M is the number of compounding periods per year and INOM/M is equal to the periodic rate (IPER). If a loan or investment uses ____________ compounding, then the nominal interest rate is also its effective annual rate. However, if compounding occurs more than once a year, EAR is _____________ INOM.

Answers

Answer:

Nominal

EAR

annual

higher than

Explanation:

The Nominal interest rate is quoted by borrowers and lenders, and it is also called the annual percentage rate (APR).

If the securities have different compounding periods, then the EAR must be used for comparison.

If a loan or investment uses annual compounding, then the nominal interest rate is also its effective annual rate.

However, if compounding occurs more than once a year, EAR is higher than INOM.

Sally is looking to invest in Agricon Products when its P/E ratio is lower than 15. Each share is currently projected to earn $1.30 this year. Which
of the stock prices listed below would give the P/E ratio she is looking for?
1. $18 a share
II. $19 a share
III. $20 a share
Select the best answer from the choices provided.
А.
I only
В.
III only
Ос.
I and II only
OD. III, and III

Answers

Answer:

C

Explanation:

P/E ratio is a method of valuing a company. It is derived by dividing price of the stock by earnings

1. $18/1.3 = 13.8

2. 19/1.3 = 14.6

3. 20 / 1.3 = 15.4

The first and second stock have a P/E ratio is lower than 15.

which statement about demand is true

Answers

what are the options, we need options to answer
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Holly comes into Matthew's bicycle shop to learn about the Easy Ride bicycle she saw in his newspaper ad. Matthew shows her the floor sample of the bicycle and says that it is designed to shift and brake more easily than her current model does. She decides to purchase one. Matthew gets a box from the back of the shop and sells it to her, stating that it contains the bicycle Holly wants. Based on his statements, which of the following is not an express warranty created by Matthew:

a. that the bike conforms to the floor sample he showed to Holly.
b. that the bike conforms to the highest industry safety standards.
c. that the bike conforms to his description of the Easy Ride.
d. that the bike conforms to his promise about the bicycle's shifting and braking ability.

Answers

Answer: b. that the bike conforms to the highest industry safety standards.

Explanation:

An express warranty simply refers to the agreement by a seller of a particular product to provide a replacement or repair for a product when it's faulty within a certain period of time.

Based on his statements in the question, the option that is not an express warranty created by Matthew is that the bike conforms to the highest industry safety standards.

Indicate the missing amount for each letter.
Case
1 2
Direct materials used $9,780
Direct labor 5,950 8,300
Manufacturing overhead 8,870 4,880
Total manufacturing costs 16,210
Beginning work in process inventory1,510
Ending work in process inventory 3,650
Sales revenue 25,780
Sales discounts 2,810 2,070
Cost of goods manufactured 17,970 22,620
Beginning finished goods inventory 4,030
Goods available for sale 22,860
Cost of goods sold 19140
Ending finished goods inventory 3,720 3,110
Gross profit 8,100
Operating expenses 3,510
Net income 5,330
1. Prepare a condensed cost of goods manufactured schedule for case 1.
2. Prepare an income statement for case 1.

Answers

Answer:

See below

Explanation:

Case 1.

Total manufacturing costs

= Direct material + Direct labor + Manufacturing overhead

= $9,780 + $5,950 + $8,870 = $24,000

Ending work in process inventory

= Opening work in process + total manufacturing cost - cost of goods manufacturing

= $1,510 + $24,600 - $17,970 = $8,140

Beginning finished goods inventory

= Cost of goods sold - cost of goods manufactured + closing finished goods inventory

= $19,140 - $17,970 + $3,720 = $4,890

Cost of goods sold

= Opening finished good inventory + cost of goods manufactured - closing finished goods inventory

= $4,890 + $17,970 - $3,720 = $19,140

Gross profit

= Sales - cost of goods sold

= $25,780 - $2,810 - $19,140 = $3,830

Net income

= Gross profit - Operating expense

= $3,830 - $3,510 = $320

*Condensed cost of goods manufactured schedule

Opening work in process $1,510

Direct material

9,780

Direct labor

$5,950

Manufacturing overhead

$8,870

Total manufacturing cost $24,600

Cost of goods manufactured available

$26,110

Less:

Closing work in process

($8,140)

Cost of goods manufactured

$17,970

* Income statement

Sales

$25,780

Less:

Discount

($2,810)

Net sales $22,970

Less:

Cost of goods sold

Beginning finished goods inventory

$4,890

Add:

Cost of goods manufactured

$17,970

Cost of goods available for sale

$22,860

Less:

Closing finished goods inventory

($3,720)

Cost of goods sold $19,140

Gross profit

$3,830

Less:

Operating expenses

($3,510)

Net income

$320

This information is available for Pronghorn Inc. for the current year.
Beginning inventory $10,620
Ending inventory 13,430
Cost of goods sold 84,175
Sales 146,100
Calculate the inventory turnover, days in inventory, and gross profit rate for Pronghorn Inc. for the current year. (Round gross profit rate to 2 decimal places, e.g. 12.51 and other answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.)
Inventory turnover enter inventory turnover in times times
Days in inventory enter days in inventory days
Gross profit rate enter days in inventory

Answers

Answer:

Pronghorn Inc.

Inventory Turnover = 7 times

Days in inventory = 52.14 days

Gross profit rate = 47.86%

Explanation:

a) Data and Calculations:

Beginning inventory $10,620

Ending inventory 13,430

Average inventory = $12,025 ($10,620 + $13,430)/2

Cost of goods sold 84,175

Sales 146,100

Gross profit = $69,925 ($146,100 - $84,175)

Inventory Turnover = Cost of Goods Sold/Average Inventory

= $84,175/$12,025

= 7 times

Days in inventory = 365/7 = 52.14 days

Gross profit rate = Gross profit/Sales * 100

= $69,925/$146,100 * 100

= 47.86%

n January 1, 2022, Smeder Company, an 80% owned subsidiary of Collins, Inc. transferred equipment with a 10-year life (six of which remain with no salvage value) to Collins in exchange for $104,000 cash. At the date of transfer, Smeder's records carried the equipment at a historical cost of $140,000 less accumulated depreciation of $58,000. Straight-line depreciation is used. Smeder reported net income of $28,000 for 2022 and 2023, respectively. Prepare the consolidation entries related to the equipment for year 2022 and year 2023

Answers

Answer:

2022

Dr. Equipment _________ $22,000

Cr.Reserve Account _____$19,800

Cr. Depreciation expenses $2,200

2022

Dr. Depreciation Expense ___ $14,000

Cr. Accumulated Depreciation $14,000

2023

Dr. Depreciation Expense ___ $14,000

Cr. Accumulated Depreciation $14,000

Explanation:

2022

Calculate the net book value

Net book value = Historical cost - Accumulated depreciatin = $140,000 - $58,000 = $82,000

Unrealised profit on the sale of the asset = Cash receipt - Nreet book value = $104,000 - $82,000 = $22,000

Annual Depricaiton = Historical cost / remaining life = $140,000 / 10 = $14,000

Excess depreciation charged = Unrealised profit / Remaining life = $22,000 / 10 = $2,200

Identify which situation will lead to a fall in the net exports.

a.
More government spending than taxation

b.
More taxation than government spending

c.
More exports than imports

d.
More imports than exports
Help Fast please ​

Answers

b????????????????????????

Answer:

Use the drop-down menus to answer the questions.

In this circular flow mode, what does the letter A present?

✔ financial sector

What does the letter B represent?

✔ government sector

What does the letter C represent?

✔ foreign sector

What does the letter D represent?

✔ leakages

Explanation:

got it right on edge

Lauer Corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: Date Transaction Number of Units Cost per Unit 1/1 100 $ 800 5/5 Purchase 200 $ 900 8/10 Purchase 300 $ 1,000 10/15 Purchase 200 $ 1,100 During the year, Lauer sold 750 laptop computers. What was cost of goods sold using the LIFO cost flow assumption

Answers

Answer:

$740,000

Explanation:

LIFO assumes that the recent goods bought will be sold first. The Cost of Goods Sold is then calculated on the cost of the recent goods bought.

Cost of Goods Sold = 200 x $1,100 + 300 x $1,000 + 200 x $900 + 50 x $800

                                  = $740,000

Therefore,

Cost of goods sold using the LIFO is $740,000.

Deviations from informational efficiency would result in a large cost that will be borne by all participants, namely inefficient resource allocation. Corporations with overpriced securities, for example, would be able to obtain capital too expensively while undervalued companies might forgo investment opportunities because the cost of raising capital would be too low.
a. True
b. False

Answers

Answer: False

Explanation:

Deviations from informational efficiency does in fact result in a large cost for all participants however the effects given in the question are false.

If there is a deviation from informational efficiency, overpriced companies would be viewed as performing well enough to get capital at a cheaper rate because they would be viewed as less of a risk.

Undervalued companies would get capital at a higher cost because they would be viewed as less likely to pay back the capital when in fact they are not valued at their proper value which would have shown that they would be able to pay off the capital acquired.

Elana's Traveling Veterinary Services, Inc., completed its first year of operations on December 31. All of the year's entries have been recorded except for the following:
On March 1 of the current year, the company borrowed $60,000 at a 10 percent interest rate to be repaid in five years.
On the last day of the current year, the company received a $360 utility bill for utilities used in December. The bill will be paid in January of next year.
1. Prepare the required adjusting entry for transactions
2. Record the interest accrued at year-end.
3. Record the utilities incurred at year-end.

Answers

Answer:

A. Dr Interest expense $5,000

Cr Interest payable $5,000

B. Dr Utilities expense $360

Cr Utilities payable$360

Explanation:

A. Preparation of the Journal entry to Record the interest accrued at year-end.

Dec 31

Dr Interest expense $5,000

Cr Interest payable $5,000

($60,000 principal × .10 rate × 10 months/12 months = $5,000)

(To record interest accrued at year-end)

B. Preparation of the Journal entry to Record the utilities incurred at year-end.

Dec 31

Dr Utilities expense $360

Cr Utilities payable$360

(To record utilities incurred at year-end)

On January 2, 2020, Howdy Doody Corporation purchased 18% of Ranger Corporation's common stock for $52,000. Based on its ownership, Howdy Doody Corp. cannot exert significant influence over the operations of Ranger Corp. Ranger's net income for the years ended December 31, 2020, and December 31, 2021, were $11,000 and $52,000, respectively. During 2020, Ranger declared and paid a dividend of $68,000. On December 31, 2020, the fair value of the Ranger stock owned by Howdy Doody had increased to $74,000. How much should Howdy Doody show in the 2020 income statement as income from this investment

Answers

Answer:

The Total amount is shown in the income statement $34,240

Explanation:

The computation of the amount that should be presented in the 2020 income statement is shown below:

Dividend collected by Howdy Doody corporation (18% of $68,000) $12,240

rise in Fair value of Stock credited to the income statement ($74,000 - $52,000) $22,000

The Total amount is shown in the income statement $34,240

A year ago, you graduated from college and decided to open your own computer software company. Over the past year, your firm generated $500,000 in revenue. You hired two software engineers and paid each of them $150,000 over the past year. You also purchased computer equipment that cost a total of $30,000. To save money, you decided to use the basement of your house for the business. Previously, you had rented this space to a tenant for $6,000 per year. Instead of opening your own business, you could have gone to work for Microsoft and earned $200,000 over the past year.

Required:
a. What were your accounting profits of your firm over the past year?
b. What were the economic profits of your firm over the past?

Answers

Answer:

170,000

$-36,000

Explanation:

Accounting profit= total revenue - explicit cost

Total revenue =price x quantity sold  

Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials

Economic profit = accounting profit - implicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

Accounting profit = $500,000 - [( $150,000 x 2) + $30,000] = $170,000

Economic profit = $170,000 - ($200,000 + $6000) = -36,000

Bramble Corp. had 165 units in beginning inventory at a total cost of $19,800. The company purchased 330 units at a total cost of $44,550. At the end of the year, Bramble had 90 units in ending inventory. Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round average-cost per unit and final answers to 0 decimal places, e.g. 1,250.) FIFO LIFO Average-cost The cost of the ending inventory $enter a dollar amount rounded to 0 decimal places $enter a dollar amount rounded to 0 decimal places $enter a dollar amount rounded to 0 decimal places The cost of goods sold $enter a dollar amount rounded to 0 decimal places $enter a dollar amount rounded to 0 decimal places $enter a dollar amount rounded to 0 decimal places eTextbook and Media Which cost flow method would result in the highest net income

Answers

Answer:

A. FIFO

Cost of the ending inventory $12,150

Cost of goods sold $52,200

B. LIFO

Cost of the ending inventory $10,800

Cost of goods sold $53,550

C. AVERAGE COST

Cost of the ending inventory $11,700

Cost of goods sold $52,650

Explanation:

A. Computation for the cost of the ending inventory and the cost of goods sold under FIFO

Cost of the ending inventory = 90 units*($44,550/330 units)

Cost of the ending inventory=90 units**135

Cost of the ending inventory=$12,150

Cost of goods sold =($44,550+$19,800)-$12,150

Cost of goods sold =$64,350-$12,150

Cost of goods sold =$52,200

2.Computation for the cost of the ending inventory and the cost of goods sold under LIFO

Cost of the ending inventory = 90 units*($19,800/165)

Cost of the ending inventory =90 units*$120

Cost of the ending inventory = $10,800

Cost of goods sold =($44,550+$19,800)-$10,800

Cost of goods sold =$64,350-$10,800

Cost of goods sold =$53,550

3.Computation for the cost of the ending inventory and the cost of goods sold under Average-cost

Cost of the ending inventory = 90 units*($44,550+$19,800)/(330 units+165 units)

Cost of the ending inventory = 90 units*($64,350/495 units)

Cost of the ending inventory = 90 units*$130

Cost of the ending inventory = $11,700

Cost of goods sold =($44,550+$19,800)-$11,700

Cost of goods sold =$64,350-$11,700

Cost of goods sold =$52,650

Item8 4 points Time Remaining 44 minutes 36 seconds00:44:36 Item 8 Time Remaining 44 minutes 36 seconds00:44:36 Information for Kent Corp. for the year 2021: Reconciliation of pretax accounting income and taxable income: Pretax accounting income $ 180,000 Permanent differences (15,000 ) 165,000 Temporary difference-depreciation (12,000 ) Taxable income $ 153,000 Cumulative future taxable amounts all from depreciation temporary differences: As of December 31, 2020 $ 13,000 As of December 31, 2021 $ 25,000 The enacted tax rate was 25% for 2020 and thereafter. What should Kent report as the current portion of its income tax expense in the year 2021

Answers

Answer: $38,250

Explanation:

Current portion of tax is the amount of tax payable on the current taxable income:

= Taxable income * tax rate

= 153,000 * 25%

= $38,250

On June 30, 2021, the High Five Surfboard Company had outstanding accounts receivable of $720,000. On July 1, 2021, the company borrowed $570,000 from the Equitable Finance Corporation and signed a promissory note. Interest at 10% is payable monthly. The company assigned specific receivables totaling $720,000 as collateral for the loan. Equitable Finance charges a finance fee equal to 1.2% of the accounts receivable assigned.
Required: Prepare the journal entry to record the borrowing on the books of High Five Surfboard. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Answers

Answer:

Dr Cash$561,360

Dr Finance charge expense $8,640

Cr Finance arrangement $570,000

Explanation:

Preparation of the journal entry to record the borrowing on the books of High Five Surfboard.

Dr Cash$561,360

[$570,000-($720,000*1.2%)]

$570,000-$8,640

=$561,360

Dr Finance charge expense $8,640

($720,000*1.2%)

Cr Finance arrangement $570,000

(Being to record the borrowing on the books of High Five Surfboard )

At Bargain Electronics, it costs $30 per unit ($20 variable and $10 fixed) to make an MP3 player at full capacity that normally sells for $55. A foreign wholesaler offers to buy 4,960 units at $24 each. Bargain Electronics will incur special shipping costs of S4 per unit. Assuming that Bargain Electronics has excess operating capacity, indicate the net income (loss) Bargain Electronics would realize by accepting the special order. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Reject Accept Net Income
Order order Increase
(Decrease)
Revenues $ $ $
Cost-Manufacturing
Shipping
Net Income $ $ $
The special order should be:______.

Answers

Answer:

Effect on income= $0

Explanation:

Because the company has excess capacity and it is a special offer that would not affect normal sales, we will not include the fixed costs.

Effect on income= total sales revenue - total variable cost

Effect on income= 24*4,960 - (20 + 4)*4,960

Effect on income= $0

Savers make deposits and investments in order to earn what?

Why don't savers invest their money directly with the businesses?

Answers

Answer:

Savers make deposits and investment in order to earn interest on their money. This often works very well because they do not earn only interest as a percentage of their money, but also interest as a percentage of previously accrued interest, something known as compound interest.

Savers do not invest their money directly with the businesses because real economic activity tends to be riskier (although it could also be more profitable for this same reason). This is why they often prefer to invest the money on financial instruments.

Psychologists have observed that: Multiple Choice once investors have made a loss, they become much more willing to take risks. investors tend to place too much faith in their ability to spot mispriced stocks. when forecasting the future, people tend to place too little weight on recent events. investors like stocks of companies whose names begin with letters that occur early in the alphabet.

Answers

Answer:

investors tend to place too much faith in their ability to spot mispriced stocks.

Explanation:

Risk management can be defined as the process of identifying, evaluating, analyzing and controlling potential threats or risks present in a business as an obstacle to its capital, revenues and profits. This ultimately implies that, risk management involves prioritizing course of action or potential threats in order to mitigate the risk that are likely to arise from such business decisions.

Psychologists have observed that investors tend to place too much faith in their ability to spot mispriced stocks.

This ultimately implies that, investors usually feel they can tell a mispriced stock caused by the behavior of market participants.

what is the difference between capital and drawings ?​

Answers

Capital is what someone invested in the business while drawings are the withdrawals made by the owner of the business

Plz mark as brainleast plzzz
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