Ryan's Sparkling Jewels estimated its payroll for the coming year to be $84,000. Its workers' compensation insurance premium rate of 0.6% is paid at the beginning of each quarter
Required:
1. Calculate the estimated cost of workers' compensation insurance for the year.
2. Show the journal entry for the first quarterly payment on January 2, 20.
3
a. Assume Ryan's actual payroll for the year was $89,000. Calculate the additional premium owed for 20--.
b. Assume Ryan's actual payroll for the year was $89,000. Record the adjustment needed on December 31, 20--. The actual payment of the additional insurance premium will not take place until January of the following year.

Answer:

Human resource management is the strategic approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service.

Answer:

Lewis and Associates

1. Identification and Analysis of the items of additional information:

a. Rent Expense $400 Prepaid Rent $400

b. Depreciation Expense $150 Accumulated Depreciation $150

c.Cost of Chemical Used $8,100  Chemical Inventory $8,100

d. Wages and Salary Expense $1,080 Wages and Salary Payable $1,080.

e. Income Tax Expense $1,905 Income Tax Payable $1,905

2. On the basis of the information, Lewis and Associates appears to be a profitable business, making a margin of 11% in after-tax income.

Explanation:

a) Additional Data and Analysis:

a. Rent Expense $400 Prepaid Rent $400

b. Depreciation Expense $150 Accumulated Depreciation $150

c.Cost of Chemical Used $8,100  Chemical Inventory $8,100

d. Wages and Salary Expense $1,080 Wages and Salary Payable $1,080.

e. Income Tax Expense $1,905 Income Tax Payable $1,905

30% of the income for the month.

Income Statement for the Month Ended June 30

Treatment Revenue               $40,600

Cost of Treatment Chemical      8,100

Gross profit                            $32,500

Expenses:

Wages and Salary      $23,500

Utilities                             1,240

Advertising                        860

Depreciation                      150

Rent                                  400

Total expenses                        $26,150

Income before taxes                $6,350

Income taxes                               1,905

Net income                               $4,445

Answer:

11.09%

Explanation:

Correct word is "a project has a beta of 1.07, the risk free rate is 2.1% and the market risk premium is 8.4%.The project expected rate of return is?"

As per CAPM, Expected rate of return = Risk free rate + (Beta*Market risk premium)

Expected rate of return = 2.1% + (1.07*8.4%)

Expected rate of return = 2.1% + 8.99%

Expected rate of return = 11.09%

So, the project expected rate of return is 11.09%.

Answer:

the answer is $3

Explanation:

Answer:

If Mary and Tim specialize in the good in which they have a comparative​ advantage, ______.

Mary would specialize in making cakes while Tim would specialize in making pies.

Explanation:

a) Data and Calculations:

Mary's opportunity cost of making a cake = 2 pies

She can make additional 5 (10/2) cakes instead of making pies

This will increase her cakes to 25 a day (20 + 5)

Tim's opportunity cost of making a cake = 4 pies

She can make additional 40 pies (10 * 4) instead of making cakes

This will increase her pies to 60 pies a day (20 + 40)

When they specialize there will be 25 cakes and 60 pies produced in a day instead of 30 cakes and 30 pies.

Answer:

Vaughn Company

The unit production costs for July are:

                                     Materials  Conversion

Cost per equivalent unit   $5             $3

Explanation:

a) Data and Calculations:

                                        Materials     Conversion

Beginning WIP                 $ 8,700          $ 3,100

Costs added in July         68,000          50,000

Total production costs   $76,700        $53,100

Equivalent units for July   15,340           17,700

Cost per equivalent unit   $5                 $3

b) The materials and conversion costs per equivalent unit are the dividends resulting from the division of the total production costs for materials and conversion by their respective total equivalent units of production.

Answer:

Legacy

1. Journal Entry:

January 1:

Debit Cash $570,443

Debit Bonds Discount $69,557

Credit Bonds Payable $640,000

To record the issuance of the bonds at a discount.

2. Total bond interest expense to be recognized over the bonds' life:

= $287,160

Explanation:

a) Data and Calculations:

January 1, 2019

Face value of bonds issued = $640,000

Price of bonds =                       $570,443

Bonds discount =                      $69,557 ($640,000 - $570,443)

Coupon interest rate = 8.5%

Market interest rate = 12%

Maturity period = 4 years

Interest payment = semiannual on June 30 and December 31

With straight-line amortization of bonds discount, the semiannual amortization will be = $8,695

Semi-annual interest payment = $27,200 ($640,000 * 4.25%)

Semi-annual interest expense = $35,895 ($27,200 + $8,695)

Annual interest expense = $71,790

1. Transaction Analysis

January 1:

Cash $570,443 Bonds Discount $69,557 Bonds Payable $640,000

2. Total bond interest expense to be recognized over the bonds' life:

= $287,160 ($71,790 * 4) or ($35,895 * 8)

Answer:

Sales revenue= $150,000

Explanation:

Giving the following information:

Barbara's Baskets Company expects to manufacture and sell 30,000 baskets in 2019 for $5 each.

The sales revenue is calculated as follow:

Sales revenue= number of units sold*selling price per unit

Sales revenue= 30,000*5

Sales revenue= $150,000

Answer:

hu

Explanation:

giyughhyyfrfjjtvvhi

Answer:

c. liable on the ground that Mesa is an intended third-party beneficiary

Explanation:

             In a contract, the third-party beneficiary is a business or a person that benefits from the agreement and the terms of the contract that is made between the two other parties. According to law,  third-party beneficiary have certain rights which they can enforced if the contract is not fulfilled.

            In the context, Mesa is a third party beneficiary. The Mesa County enters into a contract with New Construct Inc. to construct a court house. Now New Construct Inc. again hires the firm Odell to excavate the land site.

            While excavating Odell damages few nearby properties, so Mesa County files a law suit against Odell. But Odell argues that Odell is not in agreement with Mesa County or have not entered into with any contract with the County, so Mesa cannot sue the excavator.

            But the court hold that as Mesa County is the third party beneficiary of the contract and have certain rights, Odell is held liable for the loss and should compensate for the loss to the County.

Answer:

500

Explanation:

Answer:

would you still like me to help you with this question

Answer:

high; low.

Explanation:

A conflict can be defined as any form of disagreement that arises between two or more parties due to opposing views, opinions, or incompatibility.

CALM is a 4-step process for addressing and defusing conflict.

These four step process for conflict resolution or defusing conflicts includes;

I. Clarify (C): this involves finding out more information about what caused the conflict.

II. Ask (A): you should ask the opposing party about the issues while being polite.

III. Listen (L): listen attentively to get more information.

IV. Move forward (M): do not dwell on the past issue after they have been resolved.

Mediation can be defined as an alternative dispute resolution (ADR) approach which involves an impartial and neutral third party who is saddled with the responsibility of proposing a solution to conflict between two or more parties.

Basically, a mediator is a professional trained in conflict or dispute resolution through the use of effective negotiation techniques and communication strategies. Thus, a neutral third party such as a mediator or negotiator from outside an organization or group, who will hear a conflict case via a nonbinding process should be availed the opportunity to make peace between two or more disagreeing parties.

Generally, the disputants (disagreeing parties) generally have a low personal control over an arbitration and litigation while during an informal peacemaking and mediation process, there is a high level of personal control by disputants on the continuum.

Answer:

the equivalent units of production for materials for the month of January is 89,100 units

Explanation:

The computation of the equivalent units of production for materials for the month of January is shown below:

= Units completed + completed units in ending inventory

= (89,100 units - 19,200 units) + 19,200 units

= 69,900 units + 19,200 units

= 89,100 units

hence, the equivalent units of production for materials for the month of January is 89,100 units

Answer:

$44,000

Explanation:

Based on the given information we were told that the sole proprietor reported NET INCOME of the amount of $44,000 for the year which means that the amount of income from the above that Deazia must include in her GROSS INCOME for the year will be the reported NET INCOME amount of $44,000.

Answer:

Enterprise resource.

Explanation:

Enterprise Resource Planning (ERP) is a business strategy process where organizations manage and integrate the main parts of their day-to-day business activities by using software applications.

The ERP software system is used to integrate planning, accounting, finance, marketing and human resources.

For instance, when an organization is replacing a payroll program that it developed in house, with the relevant subsystem of a commercial Enterprise Resource Planning (ERP) system, It should be noted that a faulty migration of historical data from the old system to the new system represent the highest potential risk because you won't be able to measure and analyze performance.

Hence, software applications or programs that integrate all business activities across departmental boundaries such as marketing, procurement, customer relationship, sales, etc., are often referred to as enterprise resource planning systems.

Answer:

41-135

Explanation:

Hello, there mate! The answer to this question is 41 - 135. In between these temperatures, bacteria flourishes the most. The ServSafe food guide states that the Danger Zone is 41 - 135 degrees, so you should not cook or store poultry or other foods in these temperatures. When you cook, it should be above 140, and when you freeze, it should be below 41. I hope I helped.

Answer:

1. Microblogging.

2. Social network.

3. Discussion forum.

Explanation:

1. Microblogging: it is an online platform or web resource designed and developed to avail end users with the opportunity to provide short updates to followers. One of the most commonly used microblogging platform in the world is Twi-tter. Others include Tumblr, Pinterest, WordPress, blog etc.

2. Social network: it is a software application, online platform or web resource designed and developed to connect individuals with common relationships or share similar interests. Face-book is one of the most widely used social network in the world today. Other social network include You-Tube, Hangout, Insta-gram, etc.

3. Discussion forum: it is an online platform or software application designed and developed to create a space for various individuals, especially registered members to share knowledge on a specific topic ranging from sports, education, comedy, movies, jobs, politics, romance, crime, books, food, etc. Some examples of discussion forum are Reddit, nairaland, etc.

Answer:

social network - connects individuals

discussion forum - creates a space

microblogging - allows users

plato

Answer: b. All the answer options are potential problems.

Explanation:

In other to get a truly unbiased result from surveys, the sample chosen should be completely random. This method is not random as the people being chosen are selected which means that the basic underlying principle of probability sampling of randomness is violated.

The representativeness of the sample might also be affected if only a certain type of people look like they will answer which means that only they will be represented in the sample. These problems have a strong chance of influencing the research in a negative way as the research may be biased.

And of course the response rate will likely be lower as only a certain type of people are being looked for and they might not number much.

Answer: $9.80

Explanation:

The unit price to earn $5000 on the order will be calculated thus:

The variable costs for 2500 units will be:

= 504000/84000 × 2500

= 15000

The unit price will now be:

= (15000+4500+5000) / 2500

= 24500 / 2500

= $9.80

The unit price is $9.80

Answer:

Zubin Ltd.

The Penalty amount is:

Minimum = $10,000

Maximum = $50,000

Explanation:

a) Data and Calculations:

Company set transfer price = $40

IRs determined transfer price = $190

Increase in U.S. tax liability = $200,000

IRS penalty rate = 5% minimum for each month of default and not exceeding 25% maximum

Therefore, the penalty amount:

Minimum = $10,000 (5% of $200,000)

Maximum = $50,000 (25% of $200,000)

Answer:  Sales price per unit less total variable cost per unit.

Explanation:

Cost-volume-profit analysis works by dividing the expenses faced by a business in the production and/ or selling of goods into fixed and variable costs.

To calculate the contribution margin in such a scenario, the Total variable cost incurred per unit is deducted from the sales price per unit. From this figure, the fixed cost can then be subtracted to find the operating income per unit.

If one wants to find the breakeven volume, you can divide the Fixed assets by the Contribution margin.

Answer:

$45,000

Explanation:

Given the above information, the account balance on February 1 is computed below;

Balance of account payable Feb 28 + Cash paid to creditors in February - Purchases on account

= $59,900 + $186,500 - $201,400

= $45,000

Therefore, the account balance on February 1 is $45,000

Answer:

reduced employee turnover

Explanation:

Group cohesiveness occurs at the time when the bonds between the social group members to one another or the overall group are linked with each other. It can be in social relations, emotions, task relations, etc forms

Its advantage is that it decreased the turnover of the employees .Here the objective to accomplish the goal as a group rather than an individual

Therefore the above represent the answer

Answer:

barter

Explanation:

Barter can be regarded as act of trading goods/services involving two or more parties whereby a party provide a goods/services in return for goo/service provided to him/her by another party. It involves system of exchange without using money which means no monetary medium involve. It should be noted that An economic transaction in which one party trades a good or service for another good or services is called barter

Answer:

A. $800

B. $1,000

C. a. The quantity of money demanded decreases as the interest rate rises

Explanation:

A. Computation for the opportunity cost of holding the $10,000 as money if Interest Rate is 8%

Opportunity Cost for 8% interest rate=$8%*$10,000

Opportunity Cost for 8% interest rate= $800

Therefore the opportunity cost of holding the $10,000 as money if Interest Rate is 8% will be $800

B. Computation for the opportunity cost of holding the $10,000 as money if Interest Rate is 10%

Opportunity Cost for 10% interest rate =10%*$10,000

Opportunity Cost for 10% interest rate = $1,000

Therefore the opportunity cost of holding the $10,000 as money if Interest Rate is 10% will be $1,000

C. Based on the information given the previous analysis suggest about for money: THE QUANTITY OF MONEY DEMANDED DECREASES AS THE INTEREST RATE RISES.

Question Completion:

A manufactured product has the following information for June.

                                 Standard                        Actual

Direct materials     6 lbs. at $8 per lb.       48,500 lbs. at $8.10 per lb.

Direct labor            2 hrs. at $16 per hr.     15,700 hrs. at $16.50 per hr.

Overhead               2 hrs. at $12 per hr.     $198,000

Units manufactured                                    8,000

Answer:

Direct materials price variance = $4,850 U

Direct materials quantity variance = $4,000 U

Explanation:

a) Data and Calculations:

                                                 Actual            Standard

Direct materials price per lbs  $8.10                 $8.00

Direct labor rate per hour      $16.50              $16.00

Quantity:

Direct materials                      48,500         48,000 (6 * 8,000)

Direct labor hours                   15,700         16,000 (2 * 8,000)

Direct materials price variance = SP - AP * AQ

= $8 - $8.10 * 48,500

= $0.10 * 48,500

= $4,850 U

Direct materials quantity variance = SQ - AQ * SP

= 48,000 - 48,500 * $8

= $4,000 U

Answer:

i believe the answer is b

Answer: See explanation

Explanation:

Collusion refers to the agreements among the sellers of a particular product to either fix or increase the price and also reduce output. The main idea behind this is to increase profits and also reduce the competitiveness in such market.

Collusion can bring about high prices for the consumers and this ultimately leads to the reduction in the consumer surplus. Also, the new firms that want to enter the market may discouraged since the collusion can be an entry barrier.

Answer:

D. A mixed cost has a fixed portion that is usually a cost per time period. A mixed cost also has a variable portion that is a cost per unit of cost driver activity.

Explanation:

As we know that

The variable cost is the cost that can change when the level of production increase or decrease

The fixed cost is the cost that remains fixed whether the production level increased or not

ANd, the mixed cost includes some part of the variable cost and some part of the fixed cost

So as per the given options, the option D is correct as the mixed cost involved the fixed portion that could be cost per the time. And, it involved the variable portion i.e cost per unit with respect to the cost driver activity