Answer:
Wolf Company
1. Determining the following for the month of December:
a. Sales Revenue = $72,000
b. Cost of goods sold = $63,000
c. Insurance Expense = $2,400
d. Salaries & Wages Expense = $11,900
2. Journal Entries to record the month's sales and cost of sales:
Debit Accounts Receivable $72,000
Credit Sales Revenue $72,000
To record the sales for the month of December.
Debit Cost of Goods Sold $63,000
Credit Inventory $63,000
To record the cost of goods sold for the month of December.
Explanation:
a) Data and Calculations:
List of balances:
Nov. 30 Dec. 31
Debits Credits Debits Credits
Accounts receivable 9,900 2,900
Prepaid insurance 4,900 7,400
Inventory 6,900 5,900
Accounts payable 11,900 14,900
Salaries and wages payable 4,900 2,900
Transactions:
A. Cash $79,000 Accounts Receivable $79,000
B. Prepaid insurance $4,900 Cash $4,900
C. Accounts payable $59,000 Cash $59,000
D. Salaries & Wages Payable $9,900 Cash $9,900
T-accounts:
a. Sales Revenue:
Accounts receivable
Accounts Titles Debit Credit
Beginning balance 9,900
Sales revenue 72,000
A. Cash 79,000
Ending balance 2,900
b. Cost of goods sold
Accounts Payable
Accounts Titles Debit Credit
Beginning balance 11,900
Cash 59,000
Purchases 62,000
Ending balance 14,900
Cost of goods sold:
Inventory
Accounts Titles Debit Credit
Beginning balance 6,900
Purchases 62,000
Cost of goods sold 63,000
Ending balance 5,900
c. Insurance Expense:
Prepaid Insurance
Accounts Titles Debit Credit
Beginning balance 4,900
Cash 4,900
Insurance expense 2,400
Ending balance 7,400
Salaries & Wages Expense
Salaries & Wages Payable
Accounts Titles Debit Credit
Beginning balance 4,900
Cash 9,900
Salaries and Wages 11,900
Ending balance 2,900
The Fourth Amendment protects an individual from ______.
testifying against himself in court
unreasonable searches and seizures
arrest
all searches and seizures
Cover Me, Inc. sells umbrellas in three cities. Management assumes that annual rainfall is the primary determinant of umbrella sales, and it wants to generate a linear regression equation to estimate potential sales in other cities. Given the data below, what is the estimated amount of sales for 96 inches of rain utilizing a linear regression equation? Round to nearest whole number.
Rainfall in X Sales in Dollars of Umbrellas
City A 35 2800
City B 30 2000
City C 12 800
Answer:
7602.28
Explanation:
Given the data:
Rainfall in X Sales in Dollars of Umbrellas
City A 35 2800
City B 30 2000
City C 12 800
Using the linear regression calculator :
The linear model obtained for the data is :
y = - 226.424 + 81.549x
Using the model, the predicted sales for 96 inches of rain will be:
X = 96
y = - 226.424 + 81.549(96)
The predicted sales is 7602.28
Stock A has a beta of .68 and an expected return of 8.1 percent. Stock B has a beta of 1.42 and an expected return of 13.9 percent. Stock C has beta of 1.23 and an expected return of 12.4 percent. Stock D has a beta of 1.31 and an expected return of 12.6 percent. Stock E has a beta of .94 and an expected return of 9.8 percent. Which one of these stocks is the most accurately priced if the risk-free rate of return is 2.5 percent and the market risk premium is 8 percent
Answer:
Stock B is correctly priced
Explanation:
The expected return is shown below:
For stock A
= 2.5 + 0.68 × 8
= 7.94
For stock B
= 2.5 + 1.42 × 8
= 13.86
For stock C
= 2.5 + 1.23 × 8
= 12.34
For stock D
= 2.5 + 1.31 × 8
= 12.98
For stock E
= 2.5 + 0.94 × 8
= 10.02
So stock B is correctly priced
Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures two types of go-karts: Deluxe and Basic. Activity Expected Costs Expected Activity Handling materials $ 625,000 100,000 parts Inspecting product 900,000 1,500 batches Processing purchase orders 105,000 700 orders Paying suppliers 175,000 500 invoices Insuring the factory 300,000 40,000 square feet Designing packaging 75,000 2 models Required: 1. Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. In January of this year, the Deluxe model required 2,500 direct labor hours and the basic model required 6,000 di
Answer:
Results are below.
Explanation:
First, we need to calculate the plantwide predetermine manufacturing overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
total estimated overhead costs for the period= (625,000 + 900,000 + 105,000 + 175,000 + 300,000 + 75,000)
total estimated overhead costs for the period= $2,180,000
Predetermined manufacturing overhead rate= 2,180,000 / 125,000
Predetermined manufacturing overhead rate= $17.44 per direct labor hour
Now, we can allocate overhead to each product line:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Deluxe:
Allocated MOH= 17.44*2,500
Allocated MOH= $43,600
Basic:
Allocated MOH= 17.44*6,000
Allocated MOH= $104,640
The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $3,044. A total of 46 direct labor-hours and 104 machine-hours were worked on the job. The direct labor wage rate is $15 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $13 per machine-hour. The total cost for the job on its job cost sheet would be:__________
a. $11,492
b. $6,722
c. $6,303
d. $9,347
The correct options are
A)$4,332B)$3,734C)$3,072D)$5,086
Answer:
$5086
Explanation:
Total cost is defined as the amount spent in a production process which involves variable cost such as labour and raw materials which change with volume of production.
In addition fixed cost that remain constant with volume of production are also considered as part of total cost.
In the give scenario
Direct materials is $3,044
Direct labour cost is $15 * 46 = $690
Machine use cost $13 * 104 = $1,352
Total cost = 3,044 + 690 + 1,352 = $5,086
Jane is 20 years old and is a sophomore at Lake University. She is a full-time student and does not have any gross income. Jane spends the holidays and summers at home with her parents. Her total support for the current tax year is $30,000, including a scholarship for $5,000 to cover her tuition. Jane used $12,000 of her savings, and her grandparents provided $13,000. Which of the following statements regarding the dependency rules for Jane is true?
a. If Jane’s parents (rather than her grandparents) provided the $13,000, then they would not be able to claim Jane as a dependent because Jane provided more than half of her own support.
b. Jane’s grandparents can claim her as a dependent because Jane did not provide more than half of her own support.
c. Jane’s grandparents cannot claim her as a dependent because Jane provided more than half of her own support.
d. Jane is no one’s dependent because she provided more than half of her own support.
Answer:
c. Jane grandparents cannot claim her as a dependent because Jane provided more than half of her own support.
Explanation:
Based on the information given the statements regarding the dependency rules for Jane that is true is Jane grandparents cannot in any way claim Jane as a dependent reason been that Jane provided more than half of her own support due to the fact that she her s total support for is the amount of $30,000 which as well include a scholarship of the amount of $5,000 to help cover tuition in which Jane used the amount of $12,000 of her savings while her grandparents on the other hand only provided the amount of $13,000 out of the Total support of $30,000.
The following information was taken from the records of Rectangle Corporation for the year ended December 31, 2019. Advertising expense $120,000 Income tax expense 78,000 Accounts payable 80,700 Dividends paid 90,000 Retained earnings (Jan. 1, 2016) 347,160 Consulting fees revenue 600,000 Rent expense 70,200 Supplies expense 101,400 The net income reported by Circle Corporation for the year ended December 31, 2019 was:
Answer:
$230,400
Explanation:
Rectangle Corporation
Income Statement for the year ended December 31, 2019
$ $
Consulting fees revenue 600,000
Less Expenses :
Advertising expense 120,000
Rent expense 70,200
Supplies expense 101,400
Income tax expense 78,000 (369,600)
Net Income 230,400
Conclusion :
The net income reported by Circle Corporation for the year ended December 31, 2019 was $230,400
Project X and project Y have the same number of activities (500 activities each). Project X has 25 critical paths and project Y has 3 critical paths through the network. As a result, project X has several more activities in the critical paths than that of project Y. Which project will most likely be harder to manage (i.e., completing the project on-time by the due date) for the project manager
Answer:
Project X
Explanation:
Project X is going to be more difficult for the manager to manage. This is because X has many critical paths which are multiple compared to that of project Y.
More of these critical paths means that there would be a reduction in the likelihood of the project being successful. These critical paths and activities can affect the date of completion that was planned for the project. A project like X can be time consuming and expensive for the manager
Brandywine Clinic, a not-for-profit business, had revenues of $10.7 million last year. Expenses other than depreciation totaled 75 percent of revenues, and depreciation expense was $2.1 million. All revenues were collected in cash during the year, and all expenses other than depreciation were paid in cash. Now, suppose the company changed its depreciation calculation procedures (still within GAAP) such that its depreciation expense was halved. How would this change affect Brandywine's net income
Answer:
net income will increase by $1,050,000
Explanation:
current net income = ($10.7 million x 25%) - $2.1 million = $575,000
if depreciation expense is cut by half, then new net income will be:
new net income = ($10.7 million x 25%) - $1.05 million = $1,625,000
this means that net income will increase by $1,625,000 - $575,000 = $1,050,000
Match each term with the best definition given blow. Note: Not all definitions will be used.
a. A detailed record of costs incurred to complete a specific job.
b. A source document that shows how a worker spent time each week.
c. An accounting system used by companies to make standardized or homogeneous products or services.
d. An accounting system used by companies that offer customized or unique products or services.
c. Major inputs that can be directly and easily traced to a product, job or service.
d. Hands-on work that goes into producing a product, job or service.
e. Costs not easily traceable to producing a product, job or service.
f. The amount of actual overhead is greater than the applied overhead.
g. A form that lists the quantity of direct materials to be used in a job.
h. Indirect costs that are allocated to each job.
i. Estimated manufacturing overhead divided by estimated cost driver.
j. A measure that causes or influences the incurrence of a cost.
k. Total cost divided by units produced.
l. The amount of actual overhead is less than the applied overhead.
m. Actual direct materials plus actual direct labor plus applied manufacturing overhead
1. Allocation Base
2. Direct Labor Time
3. Ticket Indirect Costs
4. Job Coat Shoot
5. Job Order Costing
6. Materials Requisition Form
7. Overapplied Overhead
8. Underapplied Overhead
9. Prodelarmined Overhead
10. Rate Process Casting
Answer:
1. Allocation Base
Definition: A measure that causes or influences the incurrence of a cost.
2. Direct Labor Time
Definition: A source document that shows how a worker spent time each week.
3. Ticket Indirect Costs
Definition: Costs not easily traceable to producing a product, job or service.
4. Job Coat Shoot
Definition: A detailed record of costs incurred to complete a specific job.
5. Job Order Costing
Definition: An accounting system used by companies that offer customized or unique products or services.
6. Materials Requisition Form
Definition: A form that lists the quantity of direct materials to be used in a job.
7. Overapplied Overhead
Definition: The amount of actual overhead is less than the applied overhead.
8. Underapplied Overhead
Definition: The amount of actual overhead is greater than the applied overhead.
9. Predetermined Overhead
Definition: Estimated manufacturing overhead divided by estimated cost driver.
10. Rate Process Costing
Definition: An accounting system used by companies to make standardized or homogeneous products or services.
14) A firm's internal business environment does NOT include its ________.
A) employees
B) patents
C) products
D) technologies
E) customers
Answer:
E) Customers
Explanation:
Took the quiz
___________People who pay cash for everything they buy get loans easily.
Answer:
False.
Explanation:
A loan can be defined as an amount of money that is being borrowed from a lender and it is expected to be paid back at an agreed date with interest.
Generally, the financial institution such as a bank lending out the sum of money usually requires that borrower provides a collateral which would be taken over in the event that the borrower defaults (fails) in the repayment of the loan.
A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.
This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender. A credit score ranging from 670 to 739 is considered to be a good credit score while a credit score of 740 to 799 is better and a credit score of 800 to 850 is considered to be excellent.
In conclusion, people who pay cash for everything they buy do not get loans easily. Instead, loans are given based on credit score.
Automobile manufacturers have enormous cash reserves. In the middle of 2015, Ford Motor Co. had about $31.9 billion in cash, General Motors had about $25 billion, and Toyota had about $43 billion. Why would firms such as these hold such large quantities of cash?
Answer:
Firms like automobile manufacturers hold large quantities of cash for the following reasons:
a. Speculative and Precautionary motives:
Firm hold large cash in order to take advantage of any sudden investment opportunities. These opportunities are like bargain purchase opportunitie, favorable interest rate etc. They also hold cash to take a precaution as a safety net, in case some urgent cash needs arise in terms of sudden expenses.
b. Transaction motives:
Firm hold large cash in order to pay their day-day bills. There is always a delay in cash in cash receivables and payable. It is possible that there is need to pay the suppliers, pay wages and salaries etc earlier than the cash is received from sales.
Once you purchase a house. It typically appreciates in value. Appreciation is
A. an increase in value
B. stability in value
C. polite
D. a decrease in value
Answer:
A.
Explanation:
Appreciation means that something increases in value therefore it is A.
Novak Hardware reported cost of goods sold as follows. 2022 2021 Beginning inventory $ 34,500 $ 21,000 Cost of goods purchased 177,000 155,000 Cost of goods available for sale 211,500 176,000 Less: Ending inventory 36,000 34,500 Cost of goods sold $175,500 $141,500 Novak made two errors: 1. 2021 ending inventory was overstated by $3,450. 2. 2022 ending inventory was understated by $6,350. Compute the correct cost of goods sold for each year.
Answer: See explanation
Explanation:
The correct cost of goods sold for 2021 will be:
= Beginning inventory + Cost of goods bought - Correct ending inventory
= 34500 + 177000 - 32550
= 178950
The correct cost of goods sold for 2022 will be:
= Beginning inventory + Cost of goods bought - Correct ending inventory
= 32550 + 155000 - 40850
= 146700
Note:
Correct ending inventory for 2021 will be: = Ending inventory - Overstated value
= 36000 - 3450
= 32550
Correct ending inventory for 2021 will be: = Ending inventory + Understated value
= 34500 + 6350
= 40850
After discontinuing the ordinary business operations and closing the accounts on May 7, the ledger of the partnership of Anna, Brian, and Cole indicated the following:
Cash 7,500
Noncash assets 105,000
Liabilities 27,500
Anna capital 45,000
Brian capital 15,000
Cole capital 25,000
112,500 112,500
The partners share net income and losses in the ratio of 3:2:1. Between May 7-30, the noncash assets were sold for 150,000, the liabilities were paid, and the remaining cash was distributed to the partners.
(A) Prepare a statement of partnership liquidation.
(B) Assume the facts as in (A) except that noncash assets were sold for 45,000 and any partner with a capital deficiency pays the amount of the deficiency to the partnership, prepare a statement of partner liquidation
Answer:
The Partnership of Anna, Brian, and Cole
A) Statement of Partnership Liquidation:
Available cash for distribution = $157,500
Payment of liabilities = 27,500
Cash available for distribution $130,000
Distribution to partners:
Anna 67,500
Brian 30,000
Cole 32,500
Total distributed $130,000
B) Statement of Partnership Liquidation:
Available cash for distribution = $52,500
Payment of liabilities = 27,500
Cash available for distribution $25,000
Capital accounts balances = 85,000
Deficiency = $60,000
Distribution of deficiency to partners:
Anna 3/6 30,000
Brian 20,000
Cole 10,000
Total distributed $60,000
Explanation:
a) Data and Calculations:
Cash 7,500
Noncash assets 105,000
Total assets 112,500
Liabilities 27,500
Anna capital 45,000
Brian capital 15,000
Cole capital 25,000
112,500
Profit sharing ratio = 3:2:1
Sales proceeds from noncash assets = $150,000
Total cash available = $157,500 ($150,000 + 7,500)
Total capital repaid $85,000
Balance to be redistributed: $45,000
Partners Excess Capital Total
Anna 3/6 22,500 45,000 $67,500
Brian 2/6 15,000 15,000 30,000
Cole 1/6 7,500 25,000 32,500
ZipCar auto parts store has $92,000 to invest in a project to detect and reduce insier theft in their stores. They have considering investing in one of two alternatives, identified as Y and Z. Z is the higher first-cost alternative, and the incremental initial investment between the two is $34,000 and will exhibit a rate of return of 20% per year. Z requires an investment of $92,000. They expect a rate of return on the S92000 investment of 34 percent. Answer the following questions:
(a) what is the size of the investment required in Y?, and,
(b) what is the rate of return on Y?
The size of the investment required in Y is________.
The rate of return on Y is__________.
Solution :
a). The investment size -- Y
As we know, Z has higher a first cost alternative and also the incremental difference is 34,000. Therefore, the investment of Y is lower than that of Z by 34,000. Thus, the investment of Y = $ 92,000 - $ 34,000
= $ 58,000
b). Rate of return for Y
The question also mentions that the incremental 34,000 returned only 20 % while Z cumulatively generated 34%
Therefore, 34,000 at the rate of 20% return = [tex]$34000 \times \frac{120}{100} = 40,800$[/tex]
92,000 at the rate of 34% return = [tex]$92000 \times \frac{134}{100} = 123,280$[/tex]
The difference between the 92,000 and 32,000 is the investment of Y i.e. 58,000. Thus we check the difference between the 40800 and 123280 to find out how much 58000 (Y's investment ) would have generated.
123480 - 40800 = 82,480
[tex]$\frac{82480}{58000}-1 = 0.420269$[/tex]
Therefore, the return of Y is 42.03%
You are comparing two investments, both of which provide annuity payments in exchange for a lump sum investment today. Each annuity has the same monthly payment for the same number of years. You require the same rate of return for each of these investments. Annuity A pays at the beginning of each month and annuity B pays at the end of each month. Given this information, which one of the following statements is correct?
A. Both annuities have the same equal future value.
B. Annuity B is worth more today because of the timing of its cash flows.
C. Annuity A is worth more today because you will receive one more payment whereas Annuity B receives one less payment.
D. Annuity A has a higher present value and a lower future value than annuity B.
E. Annuity A has a higher future value than annuity B.
Halle's Berry Farm establishes a $350 petty cash fund on September 4 to pay for minor cash expenditures. The fund is replenished at the end of each month. At the end of September, the fund contains $278 in cash. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items:
Office party decorations (petty cash) 72
Lawn maintenance (credit card 102
Fuel for delivery (credit card) 67
Postage (credit card) 57
Required:
Record the establishment of the petty cash fund on September 4, all expenditures made during the month, and the replenishment of the petty cash fund on September 30. The credit card balance is not yet paid.
Answer:
1. September 04
Dr Petty Cash $350
Cash $350
2. September 30
Dr Repairs and Maintenance expense $102
Dr Postage expense $57
Dr Delivery expense $67
Cr Accounts payable $226
3. September 30
Dr Entertainment expense $72
Cr Petty Cash $72
Explanation:
1. Preparation of the journal entry to Record the establishment of the petty cash fund on September 4
September 04
Dr Petty Cash $350
Cash $350
(Being To record the establishment of petty cash fund)
2. Preparation of the journal entry to record all expenditures made during the month
September 30
Dr Repairs and Maintenance expense $102
Dr Postage expense $57
Dr Delivery expense $67
Cr Accounts payable $226
($102+$57+$67)
(Being to record all expenditures made )
3. Preparation of the journal entry to record the replenishment of the petty cash fund on September 30
September 30
Dr Entertainment expense $72
Cr Petty Cash $72
(Being to record the replenishment of the petty cash fund)
What is the tax due for a single taxpayer reporting a taxable income of $65,725?
And you are
If line 43
(taxable
income) is-
At
But
least less
than
Single
Married Married Head of
filing filing household
jointly separately
Your tax is-
65,000
65,000 65,050
65,050 65,100
65,100 65,150
65,150 65.200
11,995
12,008
12,020
12033
8,821
8,829
8,836
SQM
11,995
12,008
12,020
1202
10,509
10,521
10,534
Answer:
[tex]Tax = \$14459.5[/tex]
Explanation:
The question has a lot of confusing and unclear details. I will just answer the part that requests for the amount of tax to be paid by the single person given the taxable income of $65,725
Given
[tex]Taxable\ Income = \$65725[/tex]
Status: Single
Required
Determine the tax amount
For a single person whose taxable income is within the range of $39,476 - $84,200, the tax is 22% of the taxable income.
So, we have:
[tex]Tax = 22\% * Taxable\ Income[/tex]
[tex]Tax = 22\% * \$65725[/tex]
[tex]Tax = 0.22 * \$65725[/tex]
[tex]Tax = \$14459.5[/tex]
Answer:
The right answer is 12,170.
Explanation:
i just took the test.
Langler, Inc., is evaluating two capital projects. Langler has a capital budget of $50 million. Project P has an internal rate of return of 24% and a net present value of $5 million. Project Q has an internal rate of return of 18% and a net present value of $12 million. Project P will cost $15 million, and Project Q will cost $48 million. Based on this information, Langler should accept:
Answer: Project Q
Explanation:
If the company can accept only one project, they should accept Project Q because it has a higher net present value than Project P. This is because a higher Net Present value takes precedence to IRR as it discounts cashflows at the company's cost of capital and is already adjusted for cost.
With the company budget at $50 million, accepting Project Q which costs $48 million means that they will be unable to accept Project P. That is fine because Project Q as earlier mentioned, provides a higher NPV.
Premium Co. produces park benches. A customer has offered Premium Co. $700 per unit for 100 units. The normal selling price is $850 per bench. To fill the order, Chris would incur unit-level costs of $500 per unit and batch-level costs of $15,000. Premium Co. also incurred $20,000 of product-level costs to design the bench and $200,000 of facility-level costs. Based on the differential revenues and costs, Premium Co. should ______ the special order.
Answer:
See below
Explanation:
Customer's cost = $700 × 100 units = $70,000
Normal selling price = $850 × 100 units = $85,000
Premium Co's cost = ($500 × 100 units) + $15,000 + ($20,000 × 100 units) + $200,000
= $50,000 + $15,000 + $2,000,000 + $200,000
= $2,265,000
The differential cost(customer offering) is therefore
= $2,265,000 - $70,000
= $2,195,000
The differential cost(selling) is
= $2,265,000 - $85,000
= $2,180,000
Premium Co. should by the order.
Yes, premium co. should accept the order because it will increase profit by $5,000".
Revenue based problem:Computation:
Additional revenue = [$700][100]
Additional revenue = $70,000
Cost of special order = [(500)(100) + (15000)]
Cost of special order = 50000 + 15000
Cost of special order = 65,000
Additional profit = 70,000 - 65,000
Additional profit = $5,000
Find out more about 'Additional profit':
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Nelson Company experienced the following transactions during 2016, its first year in operation.
1. Issued $6,600 of common stock to stockholders.
2. Provided $2,900 of services on account.
3. Paid $1,750 cash for operating expenses.
4. Collected $2,200 of cash from accounts receivable.
5. Paid a $130 cash dividend to stockholders.
35.
The amount of net income recognized on Nelson Company's 2016 income statement is:_______.
a. $1,020.
b. $700.
c. $830.
d. $1,150.
Answer:
d. $1,150
Explanation:
Calculation for what The amount of net income recognized on Nelson Company's 2016 income statement is:
Using this formula
Net income = Service Revenue - Operating Expenses
Let plug in the formula
Net income= $2,900-$1,750
Net income=$1,150
Therefore The amount of net income recognized on Nelson Company's 2016 income statement is:$1,150
The nature of B2B markets requires ________. Multiple Choice impersonal communication at regular intervals through mediums such as direct mail investment of more resources primarily on service sectors organizations to invest more on consumers than suppliers to maintain their business a more personal relationship between the buyer and seller than in B2C markets companies to focus primarily on selling products that end up as components for finished goods
Answer:
a more personal relationship between the buyer and seller than in B2C markets.
Explanation:
B2B markets stand for business to business markets where products are advertised between businesses.
On the other hand B2C is where businesses advertise to customers.
B2B tends to be more complex because they are higher value transactions involved. Buyers want to be very sure of benefits they can gain before making a purchase.
As such it involves a more personal relationship between the buyer and seller than in B2C markets.
Breakdown on Daily Allowance
Name:
Р
Daily Allowance:
Less: Daily Expenses
Food
P
Fare
School Supplies
Recreation
Others
Total
P
Answer:
Name : Peter
Daily Allowance: $120
Less daily Expense:
Food $45
Fare $27
School Supplies $5
Recreation $15
Others $20
Total : $8 Savings.
Explanation:
Peter gets daily allowance of $120 for the work. He has daily expenses which he has to fund with his daily allowance. The peter has net saving of $8 everyday. The food and other running expenses are all funded with his daily allowance. The total for all the expense is $112. Net saving is $120 - $112 = $8.
During February, $186,500 was paid to creditors on account, and purchases on account were $201,400. Assuming the February 28 balance of Accounts Payable was $59,900, determine the account balance on February 1. $fill in the blank 1 b. On October 1, the accounts receivable account balance was $115,800. During October, $449,600 was collected from customers on account. Assuming the October 31 balance was $130,770, determine the fees billed to customers on account during October. $fill in the blank 2 c. On April 1, the cash account balance was $46,220. During April, cash receipts totaled $248,600 and the April 30 balance was $56,770. Determine the cash payments made during April. $fill in the blank 3
Answer:
1. Account balance on February 1:
= Payments made + Closing balance - Purchases
= 186,500 + 59,900 - 201,400
= $45,000
2. Fees billed to customers on account in October:
= Amount collected from customers + Closing balance - Opening balance
= 449,600 + 130,770 - 115,800
= $464,570
3. Cash payments in April:
= Opening balance + Cash receipts - Closing balance
= 46,220 + 248,600 - 56,770
= $238,050
Qtr5g66677
Math problem
Answer:
The dot over a number signifies that it is a repeater which would go on for ever, as when we endeavor to describe 1/3 decimally as 0.33333 . . . . (etc)
With a series of numbers we place the dot over the first and last, as with 0.97979797979 . . . (etc)
The remarkable feature being that a proper fraction divided by 9s e.g. 46/99 is exactly equal to the numerator with the repeater sign followed by the decimal.
The predetermined overhead allocation rate is calculated by dividing ________. A) the estimated overhead costs by total estimated quantity of the overhead allocation base B) the total estimated overhead costs by total number of days in a year C) the estimated amount of cost driver by actual total overhead costs D) the actual overhead costs by actual amount of the cost driver or allocation base
A Southeast Asian student, has come to the college counseling center to explore career options. As the counselor presents career options, the student makes little eye contact and does not actively respond to the many alternatives placed before him. It is safe to surmise that the student ______.
Answer:
The correct answer is - It is safe to surmise that the student does not seem interested in that career options or he/she does not understand what the people is talking.
Explanation:
The correct answer is - It is safe to surmise that the student does not seem interested in that career options or he/she does not understand what the people is talking.
Reason -
As the student is from southeast side , so it is possible that there is a language barrier. It is possible that the student is not understanding the language of the counselor.
And other possibility is that the student is not interested in that career option that the counselor is telling the student.
Career counselors assist persons who have inquiries about various occupations and educational options.
What is safe to be done as a career counselor?The student makes little eye contact with the counselor while he discusses career prospects and does not aggressively respond to the many options presented to him.
It's acceptable to assume that the student isn't interested in that job path or that he or she doesn't grasp what the other people are saying.
For more information about career counselors, refer below
https://brainly.com/question/14496777
Are mixed economies the same?why or why not
Answer:
The economic system is the set of practices and principles that regulate the production, trade, distribution and allocation of resources to production in a society, as well as deciding who will produce. It is not possible to consider economic systems purely from a commercial perspective. On the contrary, the most defining feature of economic systems should be of political and ideological origin. The opposite of this proposition is also true, that is, economics is the main factor shaping political approaches. Politics and economics are intertwined and inseparable. From this point of view, it seems the most appropriate method to classify political structures in the world on the basis of economy. A classification of economic systems that are currently or recently applied or whose effects continue can be made as follows.