Answer:
The affairs of business are managed by the head of the family, who is known as the Karta. In the entire Hindu joint family, the karta occupies a very important position. Karta is the eldest member of the family.
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The balance in the Bonds Payable account is a credit of $65,500. The balance in the Discount on Bonds Payable account is a debit of $2,150. How much is the bond's carrying amount?
Answer:
Bond's carrying amount = $63,350
Explanation:
This is a very trivial question and can be solved in just a very few lines.
Balance in Bonds Payable Account = $65,500
Discount on Bonds payable Account = $2,150
The bond's carrying amount can be gotten by simply subtracting the discount on Bond's payable account from the balance in bonds payable account.
Carrying amount = (Balance in Bonds Payable Account) - (Discount on Bonds payable Account)
Carrying amount = $65,500 - $2,150
Carrying amount = $63,350
Bramble Corp. uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2019 totaled $23000 of materials, $15000 of direct labor costs, and $14000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $20000, and the ending balance is $14000. During the year, the company completed 25 machines. How much is the cost per machine?
Answer:
the cost per machine is $2,320.
Explanation:
Prepare a Manufacturing Schedule to determine the Cost of Goods Manufactured.
Manufacturing Schedule
Direct Materials $23,000
Direct labor costs $15,000
Manufacturing overhead applied $14,000
Add Beginning work in process $20,000
Less Closing work in process ($14,000)
Total Cost of Machines Manufactured $58,000
Therefore,
Cost per machine = Total Cost / Number of Machines completed
= $58,000 / 25 machines
= $2,320
If a check that was outstanding on last period's bank reconciliation was not among the cancelled checks returned by the bank this period, in preparing this period's reconciliation, the amount of this check should be: g
Answer:
If the outstanding check was not cancelled by the bank yet, then it must be subtracted from the bank account balance when you are preparing a reconciliation of the bank account.
The person or business that received the check will eventually cash it out, so there is no reason why you should consider that money in your bank account as yours. checks are basically cash payments that may or may not be delayed. Checks last 6 months before they expire, so there is still a lot of time for the person or business to cash it.
Answer:
Explanation:
The check is still outstanding (still not subtracted by bank) so add it to the book balance to obtain the bank balance.
How much stock-based compensation expense was embedded within Tesla’s selling, general and administrative expenses in 2011, 2012 and 2013 respectively (in millions)?
Answer:
The correct answer to the following question will be "$15.372, $21.371, $39.090".
Explanation:
Inventory levels premised compensation seems to be an option to finance staff members, board members, but instead, directors of such a corporation with limited liability preferred shares.Tesla seemed to have a Compensation according to inventory cost of $39,090 million (in 2013), $21,371 million (throughout 2012) as well as $15,372 million (throughout 2011) built into the SG and A.So that the above would be the right answer.
A customer has an individual cash account, an individual margin account, a joint cash account with his wife, and a custodial account for each of his 2 children. If the firm liquidates, Securities Investor Protection Corporation covers:
Answer:
Each account separately.
Explanation:
Securities Investor Protection Corporation coverage is applied "PER CUSTOMER NAME."
Therefore, if a customer has an individual cash account and individual margin account, that is considered as one name; the joint margin account with his wife is a second name; the custodian account for each of the two children is third name; and fourth name respectively.
Hence, If the firm liquidates, Securities Investor Protection Corporation covers four accounts.
The post-closing trial balance consists only of Group of answer choices Asset and liability accounts. Nominal accounts. Revenue and expense accounts. Permanent accounts.
Answer:
Permanent accounts
Explanation:
The post-closing trial balance consists only of permanent accounts. These permanent accounts are assets, liabilities, and equity. Permanent accounts are not closed when an accounting period ends. Temporary accounts (revenue, expense, dividend) on the other hand is a direct opposite as they are closed or cleared to zero when an accounting period ends.
There are several ways that governments can increase or decrease the money supply. Match the descriptions below with the corresponding policy tool. It is possible that a description does not apply to any of the terms.
1. Open Market Operations
2. Reserve Requirement
3. Discount Rate
4. Quantitative Easing
A. A government printing more currency.
B. An increase in government spending.
C. An increase in the interest rate that a central bank charges commercial banks for loans.
D. A central bank purchasing existing bonds.
E. An increase in the percentage of deposits that banks must keep on hand.
F. A central bank purchasing a large quantity of longer-term Treasury bonds.
Answer:
1. Open Market Operations - A central bank purchasing existing bonds.
When the central bank purchases existing bonds, this is an expansionary monetary policy because by buying bonds they are putting money back into people's hands by paying them for the bonds.
2. Reserve Requirement - An increase in the percentage of deposits that banks must keep on hand.
When the Central bank increases the reserve requirement, it means that banks should keep a larger percentage of deposits kept with them. This is a contractionary Monetary Policy because the banks will have less money to loan out to the public.
3. Discount Rate - An increase in the interest rate that a central bank charges commercial banks for loans.
The Central bank loans money to commercial banks using the discount rate. Should they increase this rate, banks would find it more expensive to borrow from them and reduce borrowing. This means that they would then not have a lot of money to loan out making this a contractionary monetary policy.
4. Quantitative Easing - A central bank purchasing a large quantity of longer-term Treasury bonds.
Quantitative Easing refers to the Government buying a large quantity of longer-term treasury bonds to increase money supply so that rates would fall and people can borrow more money to boost the economy. This policy is not usually done and indeed is considered unconventional.
PLEASE HELP ASAP *(only right answers plz)* Which example is an investment commodity? (Select the best answer.) steel shares in a company microfinancing a rare painting Which option allows you to pool your money and invest in a portfolio with other investors? (Select the best answer.) a 529 plan an IRA account a mutual fund a 401(k) plan Which piece of information is typically included in a stock listing? (Select the best answer.) the predicted price of the stock over the next year the company's SEC registration credentials the number of shares of stock sold in a previous day the number of shares of stock sold in the previous year Which type of investment income happens when an investor sells ownership in an equity investment that's gained value? (Select the best answer.) capital gains dividends interest equity gains
Answer: Steel; A mutual fund; the number of shares of stock sold in a previous day; Capital gains
Explanation:
1. Which example is an investment commodity?
Steel is an example of an investment commodity. A commodity is a raw material that one can purchase and later sell. Of all the examples given, steel is the right answer.
2. Which option allows you to pool your money and invest in a portfolio with other investors?
A mutual fund is a kind of investment whereby the money gotten from the investors is used to invest in bonds, stocks, bonds or any other investment. Mutual fund allows one to pool one's money and invest in a portfolio with other investors.
3. Which piece of information is typically included in a stock listing?
During stock listing, the number of shares of stock sold in a previous day are included.
4. Which type of investment income happens when an investor sells ownership in an equity investment that's gained value?
Capital gain is the profit that is made by a company when a capital asset, such as bond, stock or real estate is sold and the amount that the asset is sold is more than the purchase price.
The investment income that happens when an investor sells ownership in an equity investment that's gained value is capital gains.
Epolito Corporation incurred $87,000 of actual Manufacturing Overhead costs during September. During the same period, the Manufacturing Overhead applied to Work in Process was $89,000. The journal entry to record the incurrence of the actual Manufacturing Overhead costs would include a:
a. debit to Work in Process of $89,000
b. credit to Manufacturing Overhead of $87,000
c. debit to Manufacturing Overhead of $87,000
d. credit to Work in Process of $89,000
Answer:
c. debit to Manufacturing Overhead of $87,000
Explanation:
Account Titles and Explanation Debit Credit
Manufacturing overhead $87,000
Accounts payable $87,000
(Being manufacturing overhead incurred)
Therefore, journal entry for actual manufacturing overhead costs would include a debit to manufacturing overhead of $87,000.
Manufacturing overhead is debited with $87,000 to record actual manufacturing overhead.
Mike Boyle says he has read that meeting with employees regularly is important to motivation. Despite the fact that he and Bob hold weekly staff meetings with their employees, Mike believes they should meet more often. He knows that employee meetings should have a purpose, and he asks you for advice. If the purpose of meeting with an employee is to motivate that individual, which of the following would be appropriate topics? Check all that apply.A. How the employee’s job could include more variety and be more meaningfulB. The progress the employee is making toward achieving important goalsC. What rewards the employee valuesD. Exactly how the employee should perform each task of the job
Answer:
A. How the employee’s job could include more variety and be more meaningful
B. The progress the employee is making toward achieving important goals
C. What rewards the employee values
Explanation:
In discussing how to make their jobs more meaningful and have more variety, the employees will feel like they will be given more responsibility and this will probably have the effect of motivating them because they will feel like they are more important to the company.
By speaking on progress made towards important goals, employees will feel motivated to reach the goals described.
If they were to discuss what type of rewards the employees value, it would create the impression in the minds of the employees that they are to be rewarded. This will inspire them to work harder and be more motivated so as to be eligible for the reward.
Employee motivation is key to the success of the organization. The level of dedication, motivation, and strength of the company employees who bring their role every day.
What do you mean by employee motivation?Employees will feel like they will be given more responsibility and this will likely have an impact on their motivation because they will feel more important in the company.
By talking about the progress made in achieving key goals, employees will feel motivated to achieve defined goals.
If they were to discuss what kind of rewards workers are demanding, it would create an impression in the minds of employees that they would be rewarded.
This will encourage them to work harder and be more motivated to qualify for the prize.
Hence, the correct options are A. How the employee’s job could include more variety and be more meaningful, B. The progress the employee is making toward achieving important goals and C. What rewards the employee values.
To learn more about Employee motivation, refer:
https://brainly.com/question/18852626
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates:
Department
Cutting Finishing
Direct labor-hours 7,700 43,000
Machine-hours 43,400 1,900
Total fixed manufacturing overhead cost $390,000 $496,000
Variable manufacturing overhead per machine-hour 2.00
Variable manufacturing overhead per direct labor-hour $3.75
Required:
1. Compute the predetermined overhead rate for each department.
2. The job cost sheet for Job 203, which was started and completed during the year, showed the following:
Department
Cutting Finishing
Direct labor-hours 3 13
Machine-hours 43 4
Direct materials 745 370
Direct labor costs 43 210
Using the pre-determined overhead rates that you computed in requirement 1, compute the total manufacturing overhead cost assigned to Job 203.
3. Wouid you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide pre-determined overhead rate, based on direct labor hours rather than using departmental rates?
Answer:
1. Cutting Department = $8.99 per machine hour and Finishing Department = $11.53 per direct labor hour.
2. The total manufacturing overhead cost assigned to Job 203 is $2,058.46.
3. Yes. Plant wide pre-determined overhead rate does not consider the cost driver in the departments involved.
Explanation:
Predetermined overhead rate = Budgeted Overheads / Budgeted Activity
Cutting Department = $390,000 / 43,400
= $8.99 per machine hour
Finishing Department = $496,000 / 43,000
= $11.53 per direct labor hour
Total manufacturing overhead cost assigned to Job 203.
Direct materials
Cutting Department $ 745.00
Finishing Department $ 370 .00
Direct labor costs
Cutting Department $ 43.00
Finishing Department $ 210.00
Variable manufacturing overhead
Cutting Department ($2.00 × 43) $86.00
Finishing Department ($2.00 × 4) $8.00
Variable manufacturing overhead
Cutting Department ($3.75 × 3) $11.25
Finishing Department ($3.75 × 13) $48.75
Fixed manufacturing overhead
Cutting Department ($8.99 × 43) $386.57
Finishing Department ($11.53 × 13) $149.89
Total $2,058.46
The description and scope section of a statement of work would contain statements regarding: Major milestones. Termination of project information. Environmental risks. Expected benefits.
Answer:
Expected benefits
Explanation:
The scope of work is a part of the statement of work. Statement Of Work is full of details regarding the project's goals, guidelines, deliverables, schedule, costs. The scope section has its focus on how to achieve these goals. There are obvious benefits to giving an outline on a project scope.
The description and scope section of a statement of work would contain statements regarding expected benefits.
Entries for Issuing Bonds and Amortizing Premium by Straight-Line Method
Daan Corporation wholesales repair products to equipment manufacturers. On April 1, 2016, Daan Corporation issued $7,900,000 of 7-year, 10% bonds at a market (effective) interest rate of 7%, receiving cash of $9,194,083. Interest is payable semiannually on April 1 and October 1.
a. Journalize the entry to record the issuance of bonds on April 1, 2016. For a compound transaction, if an amount box does not require an entry, leave it blank.
Cash
Premium on Bonds Payable
Bonds Payable
b. Journalize the entry to record the first interest payment on October 1, 2016, and amortization of bond premium for six months, using the straight-line method. The bond premium amortization is combined with the semiannual interest payment. (Round to the nearest dollar.) For a compound transaction, if an amount box does not require an entry, leave it blank.
Interest Expense
Premium on Bonds Payable
Cash
Answer:
Explanation:
1. Please see journal entry below
a. Cash Dr, $9,194.083
To bonds payable $7,900,000
To premium on bonds payable $1,294,083
(Being issuance of bonds that is recorded)
The above transactions were recorded because cash was debited as it increase the assets, while also increasing the liabilities hence bond payable and premium is credited.
b. Interest expenses Dr, $302,565
Premium on bonds payable $92,435 ($1,294,083 ÷ 7 × 6 ÷ 12)
To cash $395,000
($7,900,00 × 10% × 6 ÷ 12)
(Being interest expenses that is recorded)
For recording the above transaction, interest expense was debited as it increase expenses while cash was credited as it reduced the assets including the balance which is debited to premium on bonds payable.
Paul Corporation owns 70 percent of the voting common shares of Sally Corporation, purchased at book value. Noncontrolling interest was assigned $21,000 of income in the 20X0 consolidated income statement. What amount of net income did Sally Corporation report for the year?
Answer: $70,000
Explanation:
From the question, we are informed that Paul Corporation owns 70 percent of the voting common shares of Sally Corporation, purchased at book value and that the noncontrolling interest was assigned $21,000 of income in the 20X0 consolidated income statement.
The amount of net income did Sally Corporation report for the year will be $70,000.
A firm issues six-month commercial paper with $500,000 face value and receives $488,000. What is the EAR the firm is paying for these funds? Group of answer choices
Answer:
5.03%
Explanation:
In order to compute the effective annual rate on the commercial paper,we need to first of all establish the interest rate in the six-month instrument
interest=($500,000-$488,000)/$488,000=2.46%
Effective annual rate=(1+2.46% /6)^12-1
By dividing by six, we are reducing the rate to monthly terms
By raising to the power of 12 we are converting from a monthly rate to yearly rate
Effective annual rate=5.03%
A company's board of directors votes to declare a cash dividend of $1.10 per share of common stock. The company has 22,000 shares authorized, 17,000 issued, and 16,500 shares outstanding. The total amount of the cash dividend is:
Answer:
$18,150
Explanation:
Calculation for the total amount of the cash dividend
Since A company's board of directors has votes to declare the cash dividend of $1.10 per share of common stock, this means we have to multiply the cash dividend per share of common stock by the shares outstanding which is $16,500
Using this formula
Cash dividend per share of common stock * Shares outstanding
Let Plug in the formula
$1.10*16,500
=$18,150
Therefore the total amount of the cash dividend will be $18,150
Use airlines uses the following performance measures. Classify each of the performance measures below into the most likely balanced scorecard perspective it relates to.
C (customer),
P (internal process),
I (innovation and growth), or
F (financial).
1. Cash flow from operations
2. Number of reports of mishandled or lost baggage
3. Percentage of on-time departures
4. On-time flight percentage
5. Percentage of ground crew trained
6. Return on investment
7. Market value
8. Accidents or safety incidents per mile flown
9. Customer complaints
10. Flight attendant training sessions attended
11. Time airplane is on ground between flights
12. Airplane miles per gallon of fuel
13. Revenue per seat
14. Cost of leasing airplanes
Answer:
1. Cash flow from operations: F (financial).
2. Number of reports of mishandled or lost baggage: C (customer).
3. Percentage of on-time departures: C (customer).
4. On-time flight percentage: C (customer).
5. Percentage of ground crew trained: I (innovation and growth).
6. Return on investment: F (financial).
7. Market value: F (financial).
8. Accidents or safety incidents per mile flown: P (internal process).
9. Customer complaints: C (customer).
10. Flight attendant training sessions attended: I (innovation and growth).
11. Time airplane is on ground between flights: P (internal process).
12. Airplane miles per gallon of fuel: P (internal process).
13. Revenue per seat: F (financial).
14.Cost of leasing airplanes: F (financial).
Explanation:
The performance measures associated with an airline business are;
1. Customer (C): this is comprised of all the passengers or clients that did business with the airline company in the past or in the future. It gives a details into everything pertaining to these clients.
2. Financial (F): this is a measure of all the revenues and expenses associated with the successful running of the airline business.
3. Innovation and growth (I): this is a measure of the manpower or labor, equipments, welfare and training used to ensure the business continues to run smoothly, effectively and efficiently.
4. Internal process (P): it involves all of the strategic decisions, policies, rules and regulations formulated by the executive management in order to enhance the smooth operations of the airline business.
A local dental partnership has been liquidated and the final capital balances are: Atkinson, capital (40% of all profits and losses) . . . . . . . . $ 70,000 Kaporale, capital (30%) . . . . . 30,000 Dennsmore, capital (20%) . . . (42,000) Rasputin, capital (10%) . . . . . (58,000) If Rasputin contributes additional cash of $20,000 to the partnership, what should happen to it?
Answer:
Cash distribution
Atkinson $20,000
Kaporale $0
Dennsmore $0
Rasputin $0
Explanation:
Computation of what should happen if Rasputin contributes additional cash of $20,000 to the partnership
Atkinson Kaporale Dennsmore Rasputin
Reported balances
$70,000 $30,000 $(42,000) $(58,000)
Capital contribution$0 $0 $0 $20,000
Adjusted balances
$70,000 $30,000 $(42,000) $(38,000)
Potential loss from Dennsmore and Rasputin(42,000+38,000=80,000) split on a 4:3 basis
(45,714) (34,285) 42,000 38,000
Adjusted balances
$24,286 $(4,285) $0 $0
Potential lossfrom Kaporale ($4,285)
(4,285) 4,285 $0 $0
Cash distribution $20,000 $0 $0 $0
Calculation for the potential loss
Potential loss from Dennsmore and Rasputin(42,000+38,000=80,000) split on a 4:3 basis
Dennsmore(4/7×80,000)= 45,714
Rasputin (3/7×80,000)=34,285
Therefore what should happen if Rasputin contributes additional cash of $20,000 to the partnership is that Atkinson will have cash of $20,000, Kaporale $0 , Dennsmore $0 and Rasputin will have cash of $0
A plan for plant expansion that is expected to cost $11 million. How much money must the company set aside now in a lump-sum investment to have the money in 2 years
Answer:
Instructions are below.
Explanation:
Giving the following information:
Future value= $11,000,000
Number of years= 2
To calculate the initial investment required, we need an interest rate. We weren't provided with this information, however, I will provide the formula and an interest rate.
i= 8% compounded annually.
To calculate the lump-sum, we need to use the following formula.
PV= FV/(1+i)^n
PV= 11,000,000/(1.08^2)
PV= $9,430,727.02
In producing jelly beans, 4,700 pounds of direct materials were used at a cost of $2.50 per pound. The standard was 4,000 pounds at $2.75 per pound. What is the direct materials quantity variance
Answer:
Direct material quantity variance = $1,925 favorable
Explanation:
Material quantity variance occurs when the actual quantity used to achieved a given level of output is more or less than the standard quantity.
It is determined by the difference between the actual and standard quantity of material for the actual level of output multiplied by the the standard price
Pounds
Standard quantity for the actual production 4,700
Actual quantity used 4,000
Direct material quantity variance in units 700 favorable
Standard price perv unit × $2.75
Direct material quantity variance $1925 Favorable
Direct material quantity variance = $1,925
You have just received notification that you have won the $4.5 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 62 years from now. What is the present value of your windfall if the appropriate discount rate is 11 percent?
Answer:
The prize is worth $6,969.28 today.
Explanation:
Giving the following information:
Future value= $4,500,000
Number of years= 62
Discount rate= 11%
To calculate the present value, we need to use the following formula:
PV= FV/(1+i)^n
PV= 4,500,000 / (1.11^62)
PV= $6,969.28
You are trying to decide how much to save for retirement. Assume you plan to save $ 6,500 per year with the first investment made one year from now. You think you can earn 6.5% per year on your investments and you plan to retire in 42 years, immediately after making your last $6,500 investment.
Required:
a. How much will you have in your retirement account on the day you retire?
b. If, instead of investing $ 6,500 per year, you wanted to make one lump-sum investment today for your retirement that will result in the same retirement saving, how much would that lump sum need to be?
c. If you hope to live for 26 years in retirement, how much can you withdraw every year in retirement (starting one year after retirement) so that you will just exhaust your savings with the 26th withdrawal (assume your savings will continue to earn 11.0% in retirement)?
Answer:
a. How much will you have in your retirement account on the day you retire?
we must calculate the future value of an annuity:
future value = annuity payment x {[(1 + r)ⁿ - 1] / r} = $6,500 x {[(1 + 0.065)⁴² - 1] / 0.065} = $1,308,262.21
b. If, instead of investing $ 6,500 per year, you wanted to make one lump-sum investment today for your retirement that will result in the same retirement saving, how much would that lump sum need to be?
future value of lump sum = lump sum x (1 + r)ⁿ
$1,308,262.21 = lump sum x (1 + 0.065)⁴²
lump sum = $1,308,262.21 / (1 + 0.065)⁴² = $1,308,262.21 / 14.08262214 = $92,899.05
c. If you hope to live for 26 years in retirement, how much can you withdraw every year in retirement (starting one year after retirement) so that you will just exhaust your savings with the 26th withdrawal (assume your savings will continue to earn 11.0% in retirement)?
present value of an annuity = annuity payment x {[1 - 1/(1 + r)ⁿ ] / r}
annuity payment = $1,308,262.21 / {[1 - 1/(1 + r)ⁿ ] / r} = $1,308,262.21 / {[1 - 1/(1 + 0.11)²⁶ ] / 0.11} = $1,308,262.21 / 8.48806 = $154,129.74
What term refers to an educated prediction of what the financial situation is likely to be in the relatively near future?
A. Forecast
B. Budget
C. Report
D. Risk analysis
Answer:
A. Forecast
Explanation:
A forecast is an educated prediction of the economic or financial performance of a country, city, or business, in the short term.
Economists and financial analysts often develop forescasts based on objective data. For example, economists forecast the performance of the economy: GDP, every year, for periods often as short as a month.
Financial analysts tend to focus on other metrics when developing forecasts: for example, share value, or yield curves.
"An 8% corporate bond with 20 years left to maturity is currently trading at 120. The bond is callable in 4 years at 104. If a client buys the bond and then the issuer calls it in 4 years, the yield to call will be:"
Answer:
The yield to call will be 6%.
Explanation:
Yield to call (YTC) refers to the return a bondholder will receive in the event that he holds the bond until the call date which is sometime before the maturity date.
The YTC can be calculated using the following formula:
YTC = (C + (CP - P) / t) / ((CP + P) / 2) .......................... (1)
Where:
YTC = YTW = yield to call or yield to worst = ?
C = Annual coupon interest payment = Bond interest rate * Bond face value = 8% * $100 = $8.00
CP = Callable price of the bond = $104
P = Current price of the bond = $120
t = time in years remaining until the call date = 20 - 4 = 16 years
Substituting the values into equation (1), we have:
YTC = ($8 + ($104 - $120) / 16) / (($104 + $120) / 2)
YTC = $7 / $112 = 0.06, or 6%.
Therefore, the yield to call will be 6%.
Christina will receive annuity payments of $1,200 a year for five years, with the first payment occurring at Year 4. What is the value of this annuity to her today at a discount rate of 7.25 percent
Answer:
The annuity is worth $3,693.99 today.
Explanation:
Giving the following information:
Cash flow= $1,200
Number of years= 5
Waiting years= 4
Discount rate= 7.25%
First, we will determine the future value:
FV= {A*[(1+i)^n-1]}/i
A= annual cash flow
FV= {1,200*[(1.0725^5) - 1]} / 0.0725
FV= $6,935.40
Now, we can calculate the present value:
PV= FV/(1+i)^n
PV= 6,935.40/ (1.0725^9)
PV= $3,693.99
As supervisors and managers, should one be limited to how one writes by an arbitrary style manual?
Answer:
As supervisors and managers its not necessary that you should be limited to or write by an arbitrary style manual.
Explanation: As supervisors and managers its not necessary that you should be limited to or write by an arbitrary style manual. as a supervisor or manager, you are not limited to arbitary style of manual writing, As generally there is no standard of writing Manual. As the only known or recognizable form is a styl guide and this Varies in each and every organizations.
Quality Move Company made the following expenditures on one of its delivery trucks:
Mar. 20 Replaced the transmission at a cost of $1,970.
June 11 Paid $1,455 for installation of a hydraulic lift.
Nov. 30 Paid $56 to change the oil and air filter.
Prepare journal entries for each expenditure.
Journal
Accounting Equation
Date Description Post. Ref. Debit Credit Assets Liabilities Equity
1
2
3
4
5
6
Answer with its Explanation:
On 20th of March, The replacement of transmission is not the maintenance cost as it is the replacement of asset within the delivery truck, hence it must be capitalized.
The Double entry would be:
Dr Delivery Truck 1,970
Cr Cash $1,970
On 11th of June, the installation of hydraulic lift is an addition of upgraded asset in the delivery truck hence it must be capitalized.
The Double entry would be:
Dr Delivery Truck $1,455
Cr Cash $1,455
On 30th of November, the changing of oil and air filer is repair and maintenance cost and hence must be treated as under:
Dr Repairs and Maintenance Expense $56
Cr Cash $56
The Bridal Gift Shop, Inc. has 11 units in ending merchandise inventory on December 31. The units were purchased in November for $150 each. The price lists from suppliers indicate the current replacement cost of the item to be $152 each. What would be the amount reported as Merchandise Inventory on the balance sheet?
A $1,650
B. $3.322
C. $1,672
D. $302
Answer:
A $1,650
Explanation:
The computation of amount reported as Merchandise Inventory on the balance sheet is shown below:-
Merchandise inventory = Ending merchandise inventory × Units purchased
= 11 × $150
= $1,650
Therefore for computing the Merchandise Inventory we simply applied the above formula and have not considered the replacement cost as it is not relevant.
Alice Jackson designed her company webpage to include a _______ page that directs visitors to a particular webpage and entices them to buy a featured product.
Answer:
deintrente
Explanation:
Alice Jackson diseñó la página web de su empresa para incluir una página _______ que dirige a los visitantes a una página web en particular y los invita a comprar un producto destacado.
The representative firm's total revenue (TR) for selling the profit-maximizing level of output is
Answer: $787.50
Explanation:
Firms maximise their profit levels at the point where Marginal Revenue equals Marginal Cost because at this point any increase in Cost will not bring about more additional revenue.
The point where MR = MC is point A where sales are 225 units and price is $3.50.
The Total Revenue = Price * Quantity
= 225 * 3.50
= $787.50