Answer:
Carlos, arranges for fork lifters to move and stack up the inventory and makes them ready for production
Explanation:
plato :)
***this is a question with many correct answers, this is just one of them
Answer:
Places orders for replenishment of stock is right (I took the test and that's the only one I got right)
Explanation:
First 3 options are wrong, too (I took the test awhile ago). That only leaves the one about Carlos and the very last one (I'm still trying to figure it out myself). Sorry I can't be of more help!
The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40 in 2015).
Required:
a. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Insignia Corporation for the year ended December 31, 2015 (amounts in billions).
b. Conduct a vertical analysis by expressing each line as a percentage of total revenues.
c. Excluding income tax and other operating costs, did Insignia earn more profit per dollar of revenue in 2015 compared to 2014
Question Completion:
INSIGNIA CORPORATION
Income Statements (amounts in billions)
For the Year Ended December 31
2015 2014
Sales Revenues 126 266
Cost of Crude Oil and Products 63 153
Other Operating Costs 61 55
Income before Income Tax Expense 2 58
Income Tax Expense 0 30
Net Income 2 28
Answer:
a. Horizontal analysis:
Change in
2015 2014 Dollars Percentage
Sales Revenues 126 266 -140 -53%
Cost of Crude Oil and Products 63 153 -90 -59%
Other Operating Costs 61 55 6 11%
Income before Income Tax Expense 2 58 -56 -96%
Income Tax Expense 0 30 -30 -100%
Net Income 266 83 153 61 30 28 2 28 -26 -93%
b. Vertical Analysis
2015 % 2014 %
Sales Revenues 126 100% 266 100%
Cost of Crude Oil and Products 63 50% 153 57.5%
Other Operating Costs 61 48.4% 55 20.7%
Income before Income Tax Expense 2 1.6% 58 21.8%
Income Tax Expense 0 0% 30 11.3%
Net Income 2 1.6% 28 10.5%
c. Excluding income tax and other operating costs, Insignia did not earn more profit per dollar of revenue in 2015 compared to 2014. Instead, it earned less, 1.6% in 2015 compared to 21.8% in 2014.
Explanation:
a) Data and Calculations:
Change in
2015 2014 Dollars Percentage
Sales Revenues 126 266 -140 -53%
Cost of Crude Oil and Products 63 153 -90 -59%
Other Operating Costs 61 55 6 11%
Income before Income Tax Expense 2 58 -56 -96%
Income Tax Expense 0 30 -30 -100%
Net Income 266 83 153 61 30 28 2 28 -26 -93%
The company has budgeted to produce 28,000 units of Product T in June. The finished goods inventories on June 1 and June 30 were budgeted at 800 and 600 units, respectively. Budgeted direct labor costs for June would be:
Answer:
Results are below.
Explanation:
We weren't provided with the number of hours per unit or the hourly rate. But, let's suppose that each unit requires 0.1 hours and the hourly rate is $10.
Production= 28,000 units
Direct labor hours required= 28,000*0.1= 2,800 hours
Total direct labor cost= 2,800*10= $28,000
Grocery Corporation received $301,232 for 14.00 percent bonds issued on January 1, 2018, at a market interest rate of 11.00 percent. The bonds had a total face value of $256,000, stated that interest would be paid each December 31, and stated that they mature in 10 years. Assume Grocery Corporation uses the effective-interest method to amortize the bond premium.
Required:
Prepare the required journal entries to record the bond issuance and the first interest payment on December 31.
Answer:
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According to Mintzberg and others, the roles of the global leader includes the ability to advocate and represent the company. In other words, to be a(n)
Answer: spokperson
Explanation:
The ability for the global leader to be able to advocate and represent the company is refered to as the spokesperson.
As the spokesperson, the global leader should also communicate with different levels of both the internal and external stakeholders.
Other role of the global leader are monitoring, liasson, leader, negotiator, innovator, change agent and decision maker.
A The following section is taken from Blossom's balance sheet at December 31, 2021.
Current liabilities Interest payable $ 46,000 Long-term liabilities Bonds payable (9%, due January 1, 2025) 560,000
Interest is payable annually on January 1. The bonds are callable on any annual interest date.
(a) Journalize the payment of the bond interest on January 1, 2022.
(b) Assume that on January 1, 2022, after paying interest, Blossom calls bonds having a face value of $155,000. The call price is 110. Record the redemption of the bonds.
(c) Prepare the adjusting entry on December 31, 2022, to accrue the interest on the remaining
Answer:
Date Account titles and explanation Debit Credit
1-1-21 Bond interest payable $46,000
Cash $46,000
(To record payment of interest)
1-1-21 Bond payable $155,000
Loss on redemption bond $15,500
(155,000/100*10)
Cash $170,500
(To record bond redemption)
31-1-21 Interest expenses $36,450
Bond interest expenses $36,450
(560,000-155,000)*9%
(Adjusting entry to accrue the interest on the remaining)
Marco started the shop by investing $40,400 cash and equipment valued at $18,400 in exchange for common stock.
Purchased $110 of office supplies on credit.
Paid $1,600 cash for the receptionist's salary.
Sold a custom frame service and collected $4,900 cash on the sale.
Completed framing services and billed the client $240.
What was the balance of the cash account after these transactions were posted?
a. $11,790
b. $12,030
c. $43,700
d. $43,830
e. $43.940.
Answer:
$43,700
Explanation:
The simplest way to determine the balance of the cash account is to prepare the cash account and see the side with a shortfall well as the amount. A cash account accounts for only cash related transactions.
Marco`s Cash Account
Debit :
Capital $40,400
Cash Sales $4,900
Total $45,300
Credit :
Receptionist's salary $1,600
Balance c/d (missing amount) $43,700
Total $45,300
thus,
the balance of the cash account after these transactions is $43,700.
Samanderson, Inc. is in the business of selling ceramic bowls. It has two departments - molding and finishing. Molding department purchases tungsten carbide and produces ceramic bowls out of it. Ceramic bowls are then transferred to finishing department, which designs it as per the requirement of the customers. During the month of July, molding department purchased 650 kgs of tungsten carbide at $210 per kg. It started manufacture of 3,500 bowls and completed and transferred 3,200 bowls during the month. It has 300 bowls in the process at the end of the month. It incurred direct labor charges of $1,000 and other manufacturing costs of $600, which included electricity costs of $900. Stefan had no inventory of tungsten carbide at the end of the month. It also had no beginning inventory of bowls. The ending inventory was 55% complete in respect of conversion costs. Which of the following journal entries would be correct to record direct labor for July?
What is the total conversion costs for the month of July?
a. $1,700
b. $1,500
c. $1,300
d. $1,000
Answer:
Samanderson, Inc.
The total conversion costs for the month of July is:
= $2,500
Explanation:
a) Materials purchased, 650 kgs at $210 = $136,500
Units started 3,500
Units transferred out 3,200
Ending units 300 55% complete
Materials Conversion Total
Costs incurred $136,500 $2,500 $139,000
Equivalent units:
Units transferred out 3,200 3,200
Ending work in process 300 165
Total equivalent units 3,500 3,365
Cost per equivalent unit:
Materials Conversion
Costs incurred $136,500 $2,500
Total equivalent units 3,500 3,365
Cost per equivalent unit $39 $0.7429
Cost assigned to:
Units transferred out $124,800 (3,200 * $39) $2,377 (3,200 * 0.7429)
Ending work in process 11,700 (300 * $39) 123 (165 * 0.7429)
What are the two types of Insider Trading?
Explanation:
One is legal while the other is illegal.
Legal insider trading is when insiders trade the company's securities and report the trades to the authorities.
A productive process approachviews operations as a separate organizational function.must provide feedback information for control of process inputs and technology.is of limited use in service organizations.disregards human and social concerns.
Answer:
The correct answer is the second option: Must provide feedback information for control of process inputs and technology.
Explanation:
To begin with, the term known as " Productive process approach" in the field of business management is refered to the method used by the companies who seeks for the constant improvement of its daily operations inside the organization. Therefore that it is necessary to say that this approach must provide feedback information of the internal processes that happen in the business regarding the inpunts and the technology used by the place so that a regular control will take place and with that every little adjustment as well in order to get better at every possible way to produce the company's product.
A retail store has two options for discounting items to go on clearance.
1: Decrease the price of the item by 15% each week.
2: Decrease the price of the item by $5 each week. If the cost of an item is $45, write a function rule for the difference in price between the two options.
Answer:
Difference = 1.75 , Function = mod [ 0.15x - 5 ]
Explanation:
Discount case 1 = $5 {Each week} , Discount case 2 = 15% {Each week}
After 1st week , for item cost = 45
Discount in case 1 = $5 , & price = 45 - 5 = 40 Discount in case 2 = 15% of 45 = 6.75 , & price = 38.25Difference in price = 40 - 38.25 = 1.75 .It is same is difference in discount = 6.75 - 5 , ie = 1.75
Functional rule in price difference , for item with unknown price 'x' = mod [ (x - 5) - (x - 0.15x) ] = mod [ x - 5 - x + 0.15x ] = mod [ 0.15x - 5 ] , which is same as difference between discount '0.15x & 5'
Oceania is a small open economy. Suppose that a large number of foreign countries begin to subsidize investment by instituting an investment tax credit (while adjusting other taxes to hold their tax revenue constant), but Oceania does not institute such an investment subsidy.
a. What happens to world investment demand as a function of the world interest rate?
b. What happens to the world interest rate?
c. What happens to investment in Oceania?
d. What happens to Oceania
Sales on account for the first two months of the current year are budgeted as follows.
January $ 966,000
February 650,000
All sales are made on terms of 2/10, n/30 (2 percent discount if paid in 10 days, full amount by 30 days); collections on accounts receivable are typically made as follows.
Collections within the month of sale:
Within discount period 60 %
After discount period 15
Collections within the month following sale:
Within discount period 15
After discount period 7
Returns, allowances, and uncollectibles 3
Total 100 %
Compute the estimated cash collections on accounts receivable for the month of February.
Answer:
Total cash collections $689,322
Explanation:
The computation of the estimated cash collections on account receivable is shown below;
January Sales within the discount period ($966,000 × 15% × 98%) $142,002
January Sales after the discount period ($966,000 × 7%) $67,620
February Sales within the discount period ($650,000 × 60% × 98%) $382,200
February Sales after the discount period ($650,000 × 15%) $97,500
Total cash collections $689,322
Ember Company purchased a building with a market value of $280,000 and land with a market value of $55,000 on January 1, 2018. Ember Company paid $15,000 cash and signed a 25-year, 12% mortgage payable for the balance.
Requirements
1. JournalizetheJanuary1,2018,purchase.
2. Journalize the first monthly payment of $3,370 on January 31, 2018.
(Round to the nearest dollar.)
Answer:
A. Jan,1
Dr Building $280,000
Dr Land $55,000
Cr Mortgages payable $320,000
Cr Cash $15,000
B. Dr Mortgages payable $170
Dr Interest expense $3,200
Cr Cash $3,370
Explanation:
A. Preparation of the journal entry for January 1,2018 purchase
Jan,1
Dr Building $280,000
Dr Land $55,000
Cr Mortgages payable $320,000
($280,000+$55,000-$15,000)
Cr Cash $15,000
(To record Purchased building and land with a mortgage payable)
B. Preparation of the journal entry for the first monthly payment of $3,370 on January 31, 2018
Dr Mortgages payable $170
($3,370-$3,200)
Dr Interest expense $3,200
($320,000*12%*1month/12)
Cr Cash $3,370
(To pay the interest and annual installment)
Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year. Beginning Inventory Ending Inventory Raw material* 56,000 66,000 Finished goods 96,000 66,000 * Three pounds of raw material are needed to produce each unit of finished product. If Paradise Corporation plans to sell 560,000 units during next year, the number of units it would have to manufacture during the year would be:
Answer:
Budgeted Production Units 530,000 Units
Explanation:
The computation of the number of units manufactured is shown below;
Budgeted Sale Units 560,000 Units
Add: Ending Inventory of Finished Goods 66,000 Units
Less: Beginning Inventory of Finished Goods 96,000 Units
Budgeted Production Units 530,000 Units
Hence, the above represent the answer
Capital budgeting is the process of making capital expenditure decisions. used in sell or process further decisions. of determining how much capital stock to issue. of eliminating unprofitable product lines.
Answer:
The correct answer is the first option: of making capital expenditure decisions.
Explanation:
To begin with, the term known as "Capital Budgeting", in the field of business management, refers to the method a company's manager use in order to see how profitable it is to start some new inversions or projects, therefore that the main purpose of this process is to involve the elaboration of a budget that will help the superiors of the organization to make capital expenditure decisions when they are looking for a new inversion or project to start with. It is very helpful in the situations where there is a need for evaluation of future prospects.
The profits of the follower in a Stackelberg duopoly a. are less than those of the leader. b. equal those of the leader. c. are greater than those of the leader. d. all the statements associated with this question are correct.
Answer: a. are less than those of the leader.
Explanation:
The Stackelberg leadership model simoky refers to a strategic game whereby the leader firm will make the first moves before the follower firms will later move.
While the firms make their moves during the same time in Cournot duopoly, in Stackelberg duopoly, the leader moves first and hence the profit of the leader are greater than the profit of the follower.
Therefore, the correct option is A
STEP 1: After reviewing the chapters in the module, propose how a U.S. company is applying an Integrated Marketing Communications strategy to deliver its message. Describe which channels the company is using, and how the channels are integrated. Your proposal must include at least one advertisement and one public relations example, with discussion of their objectives and message. Examples already discussed in the text are not acceptable.
Answer:
us
Explanation:
STEP 1: After reviewing the chapters in the module, propose how a U.S. company is applying an Integrated Marketing Communications strategy to deliver its message. Describe which channels the company is using, and how the channels are integrated. Your proposal must include at least one advertisement and one public relations example, with discussion of their objectives and message. Examples already discussed in the text are not acceptable.
Analyze the overall financial situation from a cross-sectional viewpoint. Compare each company’s ratios with the industry average. What are the strengths and weaknesses of each company? Which company is best to invest in and why?
Answer:
Cross-sectional analysis is a type of analysis where an investor, analyst or portfolio manager compares a particular company to its industry peers. Cross-sectional analysis may focus on a single company for head-to-head analysis with its biggest competitors or it may approach it from an industry-wide lens to identify companies with a particular strength. Cross-sectional analysis is often deployed in an attempt to assess performance and investment opportunities using data points that are beyond the usual balance sheet numbers.
On Saturday, December 31, the company's owner provided ten hours of service to a customer. The company bills $100 per hour for services provided on weekends. Payment has not yet been received. The owner did not stop in the office on Saturday; as such, on December 31, the services were unbilled and unrecorded. Complete the necessary adjusting entry by selecting the account names and dollar amounts from the drop-down menus.
Answer:
Adjusting Entry
December 31, 2019:
Debit Accounts receivable $1,000
Credit Service Revenue $1,000
To record the provision of service to a customer for 10 hours by the owner.
Explanation:
a) Data and Analysis:
Accounts receivable $1,000 Service Revenue $1,000 ($100 * 10 hours)
b) The above transaction shows that service was rendered on account. This implies that the Accounts receivable will be debited while the Service revenue is credited with $1,000 respectively since payment has not yet been received by the company as at the adjustment date of December 31, 2019.
he revenue cycle's primary objective is to Group of answer choices lower expenses. provide the right product in the right place at the right time for the right price. provide quality product in order to maximize market share. maximize the company's profit.
Answer: provide the right product in the right place at the right time for the right price.
Explanation:
Revenue cycle refers to the process involving the completion of an accounting process from the sale of a product till receipts are gotten for payment made.
The primary objective of the revenue cycle is to provide the right product in the right place at the right time for the right price.
Penny Arcades, Inc., is trying to decide between the following two alternatives to finance its new $28 million gaming center: a. Issue $28 million of 6% bonds at face amount. b. Issue 1 million shares of common stock for $28 per share. 2. Which alternative results in the highest earnings per share
Answer:
Penny Arcades, |nc.
a. Issue $28 million of 6% bonds at face amount.
Explanation:
Alternative A will surely result in higher earnings per share than Alternative B. It has been established that some financial leverage enables the stockholders to earn more per share. This is not a debatable issue. The hard work lies with the corporation's ability to find the debtholders that can finance its activities and assets. This means that the stockholders of Penny Arcades, Inc. will be at a much more financial advantage if they can find creditors to lend it the $28 million for the gaming center than making the finance available themselves.
Barton's Taco Tico has four taco makers and ten other employees who take orders from customers and perform other tasks. The four taco makers and the other employees are paid an hourly wage. How would one classify (1) the wages paid to the taco makers and other employees and (2) materials (e.g., cheeses, salsa, tomatoes, lettuce, taco shells, etc.) used to make the tacos
Answer:
Barton's Taco Tico
1. The wages paid to the taco makers and other employees are variable costs.
2. The cost of materials are also variable costs.
Explanation:
Variable costs vary in total but remain fixed per unit. For example, the wages paid to the workers have a fixed rate. Therefore, the total will vary, depending on the total hours worked by each worker. Similarly, the costs of materials vary in total, but the price per material may be relatively fixed.
NeverEver Corporation is choosing between a taxable bond at the yield of 7% and a municipal bond at the yield of 5.75%. Calculate the NeverEver Corporation's break-even tax rate. g
Answer:
18%
Explanation:
Calculation to determine the NeverEver Corporation's break-even tax rate.
Using this formula
Break-even tax rate=1- ( Municipal / Corporate )
Let plug in the formula
Break-even tax rate=1- (0.0575-0.07)=0.821429
Break-even tax rate=1-0.821429=0.178571
Break-even tax rate=0.178571 *100
Break-even tax rate= 17.8%
Break-even tax rate=18% Approximatel
Therefore the NeverEver Corporation's break-even tax rate is 18%
Taggart informs Anderson that the satellite television system Anderson installed does not include the PAC-12 network that was promised under their contract and thus disputes the $1000 per the contract he (Taggart) is supposed to pay. Anderson agrees to accept $800 and Taggart is pleased. If Taggart does not pay the $800 Anderson may sue Taggart for $1000.
A. True
B. False
Answer:
False
Explanation:
The contract was renegotiated and the new consideration is now $800, not $1,000. Assuming that one party breaches the contract, the other party can sue for the value of the contract. In this case, if Taggart does not pay Anderson, Anderson may sue for $800. That number will probably increase due to associate costs and other damages, but the original breach was for $800.
The following data refer to Brompton Company’s ending inventory:
Item Code
Quantity
Unit Cost
Unit NRV
Small
100
$250
$246
Medium
400
150
145
Large
600
170
162
Extra-Large
250
265
270
What is the ending inventory balance if the lower of cost or net realizable value rule is applied to each item of inventory?
Answer:
Unit cost
Explanation:
They ending inventory
Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check both boxes. Example M1 M2 Eileen has $7,000 in a two-year certificate of deposit (CD). Clancy has $25,000 in a money market account. Alex has $1,200 in a checking account.
Answer and Explanation:
The classification is as follows;
The first two examples comes in only M2 i.e. Eileen example and Clancy example as M1 denotes M1 + liquid assets
while on the other hand, the third example comes in M1 and M2 i..e Alex example as M1 denotes thenotes, coins & checking deposits and M2 described above
Hence, in this way it should be belong
10 points whoever comes.
Answer:
im here
Explanation:
what to do and thank you
After the accounts are closed on February 3, 2016, prior to liquidating the partnership, the capital accounts of William Gerloff, Joshua Chu, and Courtney Jewett are $19,180, $4,020, and $22,140, respectively. Cash and noncash assets total $5,600 and $54,240, respectively. Amounts owed to creditors total $14,500. The partners share income and losses in the ratio of 2:1:1. Between February 3 and February 28, the noncash assets are sold for $34,560, the partner with the capital deficiency pays the deficiency to the partnership, and the liabilities are paid.
Assume the partner with the capital deficiency declares bankruptcy and is unable to pay the deficiency. Journalize the entries on Feb. 28 to (a) allocate the partner's deficiency and (b) distribute the remaining cash.
Answer:
William Gerloff, Joshua Chu, and Courtney Jewett LLC
Journal Entries
a. February 28:
Debit Williams' Capital $600
Debit Courtney's Capital $300
Credit Joshua's Capital $900
To allocate the partner's deficiency
b. February 28:
Debit Williams' Capital $8,740
Debit Courtney's Capital $16,920
Credit Cash $25,660
To distribute the remaining cash to partners.
Explanation:
a) Data and Calculations:
Cash $5,600
Non-cash assets 54,240
Creditors 14,500
Profit sharing = 2:1:1
February Cash in hand:
Cash $5,600
Non-cash assets 34,560 Loss from assets 19,680
Cash balance $40,160
Settlement of creditors (14,500)
Balance for distribution $25,660
If partner pays deficiency 900
Total cash for distribution $26,560
William Gerloff Joshua Chu Courtney Jewett
Capital balances $19,180 $4,020 $22,140
Loss sharing (9,840) (4,920) 4,920)
Capital balance $9,340 ($900) $17,220
Cash distribution (9,340) (17,220)
Capital balances $0 $0 $0
If partner with the capital deficiency declares bankruptcy and is unable to pay the deficiency, the deficiency will be shared between William and Courtney as follows:
William = 2/3 * $900 = $600
Courtney 1/3 * $900 = $300
Capital distribution with unpaid deficiency, with total cash for distribution of $26,560:
William Gerloff Joshua Chu Courtney Jewett
Capital balances $19,180 $4,020 $22,140
Loss sharing (9,840) (4,920) 4,920)
Capital balance $9,340 ($900) $17,220
Deficiency sharing (600) (300)
Cash distribution (8,740) (16,920)
Capital balances $0 $0 $0
Journal Entries
February 28:
Debit Cash $34,560
Non-cash assets $35,560
To record the receipt of cash from the sale of assets.
Debit Creditors $14,500
Credit Cash $14,500
To settle creditors.
Explain how negative externalities and, more specifically, pollution often result from a lack of clear property rights.
Answer:
An externality exists if a financial transaction affects the benefit to third parties. Externalities can be both positive and negative, depending if these affect the benefit to third parties on a positive or negative way.
An example of a negative external effect is air pollution; a factory owner may lack the incentive to limit air pollutant emissions because the damage mainly affects someone else, that is, it doesn't affect his property, but someone else's property or common property (such as the case of the environment).
Therefore, if there were more specific regulations regarding property and the effects of the misuse of this right, contamination could be avoided.
Blues Inc. manufactures jeans in the cutting and sewing process. Jeans are manufactured in 40-jean batch sizes. The cutting time is 5 minutes per jean. The sewing time is 20 minutes per jean. It takes 2 minutes to move a batch of jeans from cutting to sewing.
a. Compute the value-added, non-value-added, and total lead time of this process. Value-added lead time minutes Non-value-added lead time minutes Total lead time minutes
b. Compute the value-added ratio. Round to one decimal place. %
Answer:
1. Value added time = Cutting + Sewing time
Value added time = 5 min + 20 min
Value added time = 25 minutes
Non-value added time = Total within batch wait time + Move time
Non-value added time = (25 minutes*(40-1)) + 2 minutes
Non-value added time = 977 minutes
Total lead time = Value added time + Non-value added time
Total lead time = 25 minutes + 977 minutes
Total lead time = 1,002 minutes
2. Value added ratio = Value added time / Total lead time
Value added ratio = 25 minutes / 1,002 minutes
Value added ratio = 0.02495
Value added ratio = 2.5%