Answer:
hi i want to help you but i dont
understand it
Explanation:
What will a contingency note contain?
Answer:
Contingencies are potential liabilities that might result because of a past event
Explanation:
Reasonably possible losses are only described in the notes and remote contingencies can be omitted entirely from financial statements.
Purpose: Organization design refers to the overall set of elements used to configure an organization. The purpose of this exercise is to give you insights into how managers must make decisions within the context of creating an organization design. Introduction: Whenever a new enterprise is started, the owner must make decisions about how to structure the organization. For example, he or she must decide what functions are required, how those functions will be broken down into individual jobs, how those jobs will be grouped back together into logical departments, and how authority and responsibility will be allocated across positions. Instructions: Assume that you have decided to open a handmade chocolate business in your local community. Your products will be traditional bars and novelty-shaped chocolates, truffles, other chocolate products such as ice cream, and gift baskets and boxes featuring chocolates. You have hired a talented chef and believe that her expertise, coupled with your unique designs and high-quality ingredients, will make your products very popular. You have also inherited enough money to get your business up and running and to cover about one year of living expenses in other words, you do not need to pay yourself a salary). You intend to buy food items including chocolate, cocoa, white chocolate, nuts, and fruit from suppliers who deliver to your area. Your chef will then turn those ingredients into luscious
Answer:
hmm I know with that is the silver kind to you and
If a 30 percent decline in the price of gasoline leads to a 15 percent rise in the quantity of gasoline being bought by consumers, the price elasticity of demand for gasoline in this range must be
Answer: 0.5 making the demand for gas to be inelastic in this range.
Explanation:
The price elasticity of demand is calculated as:
= % change in quantity demanded / % change in price
= 15% / -30%
= -0.5
Based on the above calculation, we can see that the elasticity of demand equals to 0.5. Since, it is less than 1, it is said to be inelastic.
Farrel Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year:
Direct labor cost $ 574,000
Manufacturing overhead:
Indirect labor cost $ 163,000
Other manufacturing overhead costs incurred $ 584,000
What is the journal entry to record the direct and indirect labor costs incurred during the year?
Multiple Choice
Wages Payable 737,000
Direct Labor 574,000
Manufacturing Overhead 163,000
Direct Labor 574,000
Manufacturing Overhead 163,000
Wages Payable 737,000
Wages Payable 737,000
Work in Process 574,000
Manufacturing Overhead 163,000
Work in Process 574,000
Manufacturing Overhead 163,000
Wages Payable 737,000
Answer:
Dr Work in Process 574,000
Dr Manufacturing Overhead 163,000
Cr Wages Payable 737,000
Explanation:
Preparation of the journal entry to record the direct and indirect labor costs incurred during the year
Based on the information given the appropriate journal entry to record the direct and indirect labor costs incurred during the year will be :
Dr Work in Process 574,000
Dr Manufacturing Overhead 163,000
Cr Wages Payable 737,000
(574,000+163,000)
(Being to record direct and indirect labor costs incurred )
Name a great organization. how do think management contributes to making it great?
Answer:
A great organization I feel is 24 Hour Fitness. I feel that the management allows their trainers to do what they do best, thus making happy workers and happy customers 6. Name an ineffective organization. What can management do to improve it?
Walmart to me seems to be an ineffective organization, just because the people who work there do not seem happy. I feel like people in general shop there because it’s inexpensive, but I feel management should care more about their workers. Maybe a pay increase, or more breaks.
Explanation:
What are potential problems that could arise out of this approach to e-mail
The approach to in e-mail communication as suggested by Elon Musk might encounter the following potential problems:
Tendency of idle talks during work hour.Sensitive information might be divulged.Messages might be misinterpreted.The e-mail from Elon Musk describes a free flow of communication between employees, their managers and anyone without hindrances created by having to follow a chain of command that may end up wasting time in resolving an issue that might cost a company fortunes.
Thus, Elon Musk is suggesting there should be no barriers in communicating via e-mail among employees and managers as are common where one has to go through the chain of command.
This approach to e-mail in communication is good, however, the following problems could arise:
Tendency of .Sensitive information might be divulged.Messages might be misinterpreted.Learn more here:
https://brainly.com/question/8434290
Please check if my answers to first part is correct.
Discussion Question 4-6 (LO. 1)
1. Complete the statements below regarding "what is the control requirement of § 351".
The control requirement specifies that the person or persons transferring property to the corporation must own, immediately after the transfer, stock possessing at least 80% of the total combined voting power of all classes of stock entitled to vote, and at least 75% of the total number of shares of all other classes of the corporation's stock.
2. Classify the following as either "True" or "False" regarding the control requirement of § 351.
a. If a shareholder renders only services to the corporation for stock, the transfer cannot qualify under § 351 because services rendered are not "property."
b. If a shareholder renders services and transfers property to the corporation for stock, the shareholder will never be treated as a member of the transferring group.
c. Stock under momentary control counts in determining control if the plan for the sale or other disposition of the stock existed before the exchange.
d. If a long period of time elapses between the transfers of property by different shareholders to the corporation, the control requirement may be lost regarding the later transfers because no documentation exists making multiple transfers part of an integrated plan.
Answer:
1. Correct
after, 80%, 75%
2. a. True
b. False
c. False
d. False
Explanation:
When shareholder renders services and transfers property to the corporation the shareholder is treated as member of transferring group. Stocks under momentary control does not count in determining control. The long period elapses between transfer of property, the control requirement may be lost because there is no transferring group.
Lucky Company's direct labor information for the month of February is as follows: Actual direct labor hours worked (AQ) 61,500 Standard direct labor hours allowed (SQ) 63,000 Total payroll for direct labor $774,900 Direct labor efficiency variance $18,000 The direct labor flexible-budget variance for February was: $54,900 unfavorable. $42,300 unfavorable. $46,350 unfavorable. $18,900 unfavorable. $44,500 unfavorable.
Answer:
d. $18,900 unfavorable.
Explanation:
Direct labor efficiency variance = SR*(SH-AH)
18000 = SR*(63000-61500)
18000 = 1500 SR
SR = $12
Total standard direct labor cost for February = 63000*12= $756,000
Direct labor flexible-budget variance = $774,900 - $756,000 = $18900 Unfavorable
The table contains information on the price per month and the monthly demand and supply of online music streaming subscriptions. Price Quantity demanded (thousands) Quantity supplied (thousands) $ 9.80 250 180 $ 10.00 210 210 $ 10.20 160 280 $ 10.40 80 410 What is the quantity demanded at $ 10.20
Answer:
160
Explanation:
The computation of the quantity demanded at $10.20 is given below;
As seen in the chart, at price of $10.20 there is a quantity demanded of 160
So according to the information given in the question, the quantity demanded at $ 10.20 is 160
Permanent insurance plans include various options available to the policyowner. What whole life insurance policy options protect a policyowner against an unintentional coverage lapse
Answer:
Non-forfeiture option
Explanation:
Insurance is usually taken to guard against uncertainty of an event in the future. For example if a fire breaks out in an office, insurance can be used to regain an agreed portion of the office value from the insurance company.
It is a way of guarding against risk.
Non-forfeiture option is used to prevent unintentional coverage payment lapse.
This is done with the use of automatic premium loan and grace periods in case of default.
On June 25, Obermayer Repair Service extended an offer of $127,000 for land that had been priced for sale at $145,000. On July 9, Obermayer Repair Service accepted the seller's counteroffer of $138,000. On October 1, the land was assessed at a value of $207,000 for property tax purposes. On December 22, Obermayer Repair Service was offered $221,000 for the land by a national retail chain.
At what value should the land be recorded in Obermayer Repair Service's records?
$fill in the blank 1
Answer:
$138,000
Explanation:
Based on the information given the value at which the land should be recorded is 138,000 reason been that we were told that the repairer which is Obermayer Repair Service accepted the seller's counteroffer of the amount of $138,000 and based on accounting principle of COST CONCEPT the land should be recorded at the value or amount of $138,000 which is the seller's counteroffer amount that was accepted by Gallatin Repair Service.
In March, Kelly Company had the following unit production costs: materials $12 and conversion costs $8. On March 1, it had no work in process. During March, Kelly transferred out 27,500 units. As of March 31, 4,900 units that were 32% complete as to conversion costs and 100% complete as to materials were in ending work in process. Compute the total units to be accounted for. Total units Type your answer here
Answer:
32,400 units
Explanation:
Compute the total units to be accounted for
Total units to be accounted for = Units transferred out + Ending Inventory
Total units to be accounted for = 27,500 units + 4,900 units
Total units to be accounted for = 32,400 units
Thus, total units to be accounted for are 32,400 units
Can anyone please write a summery or a paragraph of life of a homless teen memoir in the Great depression please?
eso
depen de si el adolecente ses amensado
If a company is using a cost leadership strategy, which of the following potential pitfalls is not a characteristic of that strategy? Multiple Choice Too much focus on one value-chain activity can lead to greater loss. Cost advantages erode when pricing information is readily available. A lack of parity on differentiation is evident. The strategy is not easily imitated.
Answer:
If a company is using a cost leadership strategy, the potential pitfall which is not a characteristic of that strategy is:
The strategy is not easily imitated.
Explanation:
Cost-leadership is one of the competitive strategies advocated by Michael Porter, which is designed to deliver goods or services to customers at the lowest possible cost. While a cost-leadership strategy makes it difficult for new companies to enter the market because of low profit margins, it does not prevent existing competitors from lowering their own prices in order to gain the advantage of increased market share.
Gear Co has computed its indifference level of EBIT to be $50,000 between an equity financing option and a debt financing option. Interest expense under the debt option is $25,000 and $10,000 under the equity option. The EBIT for the firm is approximately normally distributed with an expected value of $62,000 and a standard deviation of $19,000. What is the probability that the equity financing option will be preferred
Answer:
26.43%
Explanation:
The Z-score is needed to find the probability of having EBIT lower than $50,000.
Z-score = The Indifference point - The Expected EBIT / Standard Deviation
Z-score = $50,000 - $62,000 / $19,000
Z-score = -$12,000 / $19,000
Z-score = -0.63
From the standard normal distribution table, the probability that z-score will be less than -0.63 is 0.2643. So therefore, the probability of the equity financing will be preferred is 0.2643.
Applying the midpoint formula, what is the price elasticity of demand if a drop in the price of energy drinks from $2 to $1 per can leads to an increase in the quantity demanded from 100 million to 150 million cans
Answer:
-0.6
Explanation:
Price elasticity of demand = Δ Change in quantity / Δ Change in price
Price elasticity of demand = [150-100/((150+100)/2)] / [1-2/((1+2)/2)]
Price elasticity of demand = [50/125]/ [-1/1.5]
Price elasticity of demand = 0.4/-0.66666
Price elasticity of demand = -0.6
The following information has been taken from the ledger accounts of Kingbird Corporation. Total income since incorporation $343,000 Total cash dividends paid 57,000 Total value of stock dividends distributed 28,000 Gains on treasury stock transactions 17,000 Unamortized discount on bonds payable 29,000 Determine the current balance of retained earnings.
Answer:
the current balance of retained earnings is $258,000
Explanation:
The computation of the current balance of retained earnings is shown below:
= Total income - cash dividend paid - stock dividend paid
= $343,000 - $57,000 - $28,000
= $258,000
hence, the current balance of retained earnings is $258,000
We simply deduct the two items amount from the total income
Suppose you win a small lottery and have the choice of two ways to be paid: You can accept the money in a lump sum or in a series of payments over time. If you pick the lump sum payout, you get $2,950 today. If you pick the payments over time payout, you get three payments: $1,000 today, $1,000 one year from today, and $1,000 two years from today. At an interest rate of 8% per year, you would be better off accepting the payout since it has the greater present value. At an interest rate of 10% per year, you would be better off accepting the payout since it has the greater present value. Years after you win the lottery, a friend in another country calls to ask your advice. By wild coincidence, she has just won another lottery with the same payout schemes. She must make a quick decision about whether to collect her money under the lump sum payout or the payments over time payout. What is the best advice to give your friend
Answer:
take the payments over time payout
Explanation:
My personal opinion/advice would be to take the payments over time payout. There are many reasons for this, the first one being that most individuals are not used to receiving large sums of cash and usually end up wasting all the money as soon as they receive it, which usually does not occur if the payments are made over time. The second and more important reason is that if the payments are made over different years your would pay a much lesser amount on taxes every year that passes. This means that the even with the interest rate you would most likely have more overall money if you take the payments over time.
1
Select the correct answer.
Which job is an entry-level position?
OA.
auditor
OB. marketing manager
OC.
restaurant manager
OD
room attendant
Reset
Next
Answer:
Option D: Room attendant
Explanation:
Its the only entry level jobs, as listed above b and c are managment positions which means you have to have experience. Auditors are appointed by a company to execute an audit you need to be certified by the regulatory authority of accounting and auditing or process certain specified qualifications.
If the adjustment for Supplies used during the period wasn't made,
A. revenue would be too high.
B. assets would be too low.
C. expenses would be too low.
D. expenses would be too high,
Answer:
D
Explanation:
It will give the suppliers an upper hand or edge over the consumers
Answer: think its expenses would be to low
Explanation:
For the current year, Harry reported salary and taxable interest income of $50,000. His capital asset transactions during the year were as follows: Long-term capital loss ($5,000) Long-term capital gain $1,000 For the current year, what amount should Harry report as adjusted gross income
Answer:
adjusted gross income = $47,000
Explanation:
ordinary income = $50,000
capital losses = $1,000 - $5,000 = -$4,000
but the IRS limits the amount of capital losses than can offset ordinary income to $3,000 per year. The remaining $1,000 will be carried forward.
AGI = $50,000 - $3,000 = $47,000
Simon and his managers are discussing the unemployment, inflation, and interest-rate trends that might affect their chain of sandwich shops over the next 12 months and the projected growth in the areas where the stores are located. The managers are studying the ______ forces in their organization's general environment.
-self motivation
- personal adapitlity
-openness to change
-resilience
Answer:
Option D
Explanation:
Simon and his managers are discussing about the factors that might affect the economic performance of their shops. They are concerned about the negative impacts of unemployment, inflation, and interest-rate trends on their shops and simultaneously are discussing about the future growth, Hence, they are focused on catering the odds to achieve a certain growth during the tough times. Their discussion is aimed at both the risks and consequences
Hence, option D is correct
Materials used in product $125,700 Advertising expense $51,700 Depreciation on plant 63,400 Property taxes on plant 23,100 Property taxes on store 8,100 Delivery expense 24,700 Labor costs of assembly-line workers 116,100 Sales commissions 43,900 Factory supplies used 31,700 Salaries paid to sales clerks 52,800 Work in process inventory was $13,800 at January 1 and $17,600 at December 31. Finished goods inventory was $68,800 at January 1 and $45,700 at December 31. (a) Compute cost of goods manufactured. Cost of goods manufactured $enter the Cost of goods manufactured in dollars
Answer:
cost of goods manufactured= $356,200
Explanation:
To calculate the cost of goods manufactured, we need to use the following formula:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
Overhead:
Depreciation on plant 63,400
Property taxes on plant 23,100
Factory supplies used 31,700
Total overhead= $118,200
cost of goods manufactured= 13,800 + 125,700 + 116,100 + 118,200 - 17,600
cost of goods manufactured= $356,200
For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income $ 360,000 Permanent difference (15,400 ) 344,600 Temporary difference-depreciation (19,100 ) Taxable income $ 325,500 Tringali's tax rate is 25%. Assume that no estimated taxes have been paid. What should Tringali report as its income tax expense for its first year of operations
Answer:
$81,375
Explanation:
Calculation for What should Tringali report as its income tax expense for its first year of operations
Using this formula
Income tax expense=Taxable income*Tax rate
Let plug in the formula
Income tax expense=$325,500 x 25%
Income tax expense=$81,375
Therefore What should Tringali report as its income tax expense for its first year of operations will be $81,375
Variable Costs + Fixed Costs = ?
Total output
Total costs
Marginal costs
In March 2012, Daniela Motor Financing (DMF), offered some securities for sale to the public. Under the terms of the deal, DMF promised to repay the owner of one of these securities $1,000 in March 2037, but investors would receive nothing until then. Investors paid DMF $500 for each of these securities; so they gave up $500 in March 2012, for the promise of a $1,000 payment 25 years later.
a. Assuming that you purchased the bond for $500, what rate of return would you earn if you held the bond for 25 years until it matured with a value $1,000? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Rate of return _________ %
b. Suppose under the terms of the bond you could redeem the bond in 2022. DMF agreed to pay an annual interest rate of .9 percent until that date. How much would the bond be worth at that time? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)
Bond value _________ $
c. In 2022, instead of cashing in the bond for its then current value, you decide to hold the bond until it matures in 2037. What annual rate of return will you earn over the last 15 years? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Rate of return ______ %
Answer:
A. 2.81%
B. $546.87
C.4.11%
Explanation:
A. Calculation for the rate of return
Rate of return= (1000/500)^(1/25)-1
Rate of return=2^(1/25)-1
Rate of return=1.0281-1
Rate of return= 0.0281*100
Rate of return= 2.81%
Therefore the Rate of return will be 2.81%
B. Calculation for How much would the bond be worth at that time
Bond value= (500*(1+0.009)^10)
Bond value= (500*(1.009%)^10)
Bond value=500*1.09373387
Bond value= $546.87
Note that 2012 to 2022 will give us 10 years.
Therefore Bond value will be $546.87
C. Calculation for what annual rate of return will you earn over the last 15 years
Return in last 15 years= (1000/546.87)^(1/15)-1
Return in last 15 years=1.828588^(1/15)-1
Return in last 15 years=1.0411-1
Return in last 15 years=0.0411*100
Return in last 15 years= 4.11%
Note that 2022 to 2037 will give us 15 years
Therefore the rate of return will be 4.11%
(1 point) When one rents an apartment, one is often required to give the landlord a security deposit that is returned if the apartment is undamaged when you leave. In some localities, the landlord is required to pay the tenant interest once a year compounded yearly. Assume that the landlord is required to pay the tenant interest of 5 % compounded annually. (a) Suppose the landlord invests a security deposit of $ 550 at a rate of 4.3 % compounded continuously. What is his net gain or loss after one year, rounded to the nearest cent
Answer:
Amount of Loss = $3.85
Explanation:
Data Given:
Tenant Interest = 5% compounded Annually
Investment = $550
Rate of Interest = 4.3%
Amount by compound interest after "n" years can be calculated by using the following formula:
A = P[tex](1 + \frac{R}{100}) ^{n}[/tex]
P = Principal Amount
R = rate of interest
n = Time period
Amount to be paid to tenant after one year:
A1 = 550 [tex](1 + \frac{5}{100}) ^{1}[/tex]
A1 = $577.5
a) Amount after investing at 4.3% for one year
A2 = 550 [tex](1 + \frac{4.3}{100}) ^{1}[/tex]
A2 = $573.65
As we can see, A1 is greater than A2 so, there is a clear loss.
Amount of Loss = A1-A2
Amount of Loss = $577.5 - $573.65
Amount of Loss = $3.85
Applying the research findings to a marketing strategy plan is the ______ step in the marketing research process. Multiple choice question.
Answer:
Fifth.
Explanation:
Market research can be defined as a strategic technique which typically involves the process of identifying, acquiring and analyzing informations about a business. It involves the use of product test, surveys, questionnaire, focus groups, interviews, etc.
Secondary market research can be defined as a method designed to determine the demographics of a particular target market.
Applying the research findings to a marketing strategy plan is the fifth step in the marketing research process.
DiSalvio Co. uses a job order cost system. The following data summarize the operations related to production for May:a. Materials purchased on account, $634,000.b. Materials requisitioned, $646,200, of which $74,500 was for general factory use.c. Factory labor used, $660,200, of which $91,200 was indirect.d. Other costs incurred on account for factory overhead, $147,500; selling expenses, $234,000; and administrative expenses, $146,400.e. Prepaid expenses expired for factory overhead were $29,200; for selling expenses, $26,800; and for administrative expenses, $18,000.f. Depreciation of office building was $84,600; of office equipment, $43,340; and of fac-tory equipment, $32,000.g. Factory overhead costs applied to jobs, $362,000.h. Jobs completed, $1,002,000.i. Cost of goods sold, $890,000.InstructionsJournalize the entries to record the summarized operations.SHOWME HOWGeneral Ledger Chapter 2 Job Order Costing 69Ex 2-18PR
Answer:
Date Account Description Debit Credit
May 1 Material inventory $634,000
Accounts Payable $634,000
Date Account Description Debit Credit
May 2 Work in Process (646,200 - 74,500) $571,700
Factory Overhead $74,500
Materials $646,200
Date Account Description Debit Credit
May 31 Work in Process (660,200 - 91,200) $569,000
Factory Overhead $91,200
Materials $660,200
Date Account Description Debit Credit
May 31 Factory Overhead $147,500
Selling expenses $234,000
Admin expenses $146,400
Accounts payable $527,900
Date Account Description Debit Credit
May 31 Factory Overhead $29,200
Selling expenses $26,800
Admin expenses $18,000
Prepaid expenses $74,000
Date Account Description Debit Credit
May 31 Depreciation expense - Office building $84,600
Depreciation expense - Office equipment $43,340
Factory Overhead $32,000
Accumulated depreciation $159,940
Date Account Description Debit Credit
May 31 Work in Process $362,000
Factory Overhead $362,000
Date Account Description Debit Credit
May 31 Finished Goods $1,002,000
Work in Process $1,002,000
Date Account Description Debit Credit
May 31 Cost of goods sold $890,000
Finished Goods $890,000
Question # 2
Multiple Choice
Why might workers leave sheet piling in place even after construction is finished?
Sheet piling is often made from hazardous substances and is dangerous to handle
O Sheet piling is an integral part of the structure of any building,
Sheet piling is often useful for shallow excavations, which require extra stabilization throughout the building's life cycle.
O Sheet piling may be incorporated into the foundation, especially if soil conditions necessitate it.
Answer: Sheet piling may be incorporated into the foundation, especially if soil conditions necessitate it.