The trial balance before adjustment of Taylor Swift Inc. shows the following balances.
Dr. Cr.
Accounts Receivable $90,000
Allowance for Doubtful Accounts 1,750
Sales Revenue (all on credit) $680,000
Instructions Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of (a) 4% of gross accounts receivable and (b) 5% of gross accounts receivable and Allowance for Doubtful Accounts has a $1,700 credit balance. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.
No. Account Titles and Explanation Debit Credit

Answer:

a. $126 million.

Explanation:

The computation of the deferred tax liability is as follows

Particulars                      2018                    2019

                                               (in $ millions)

Income for

Finan reporting              600                     0

Income for income

tax purpose                   60                       120

Difference                     540                     120

Opening balance                                     162

of dtl

Dtl creation

(30% of 540)             162                          0

Reversal of dtl

(30% of 120)               0                           -36

Ending balance        162                         126

Answer:

1. The mojito Hilary receives

2. The $200 per week that Edison receives working for Little Havana

Explanation:

We are to pick the options that represents a flow from a firm to household.

There is a flow of labor from the household to the firm which results In a flow of goods or wages from the firm to the household.

1. The mojito that Hilary receives gives a flow of goods that is moving from the firm to the household.

2. The $200 per week that Edison is getting for working for Little Havana is a flow of money from the firm to edison for the services he renders at the firm. This here is a flow of money from the firm to the household

Answer:

a. The ROA:

Venture XX = After tax profit margin * Asset turnover = 5% * 2 = 10%

Venture YY = 25% * 3 = 75%

Venture ZZ = 15% * 1 = 15%

B) The strong entrepreneurial venture opportunity is Venture YY being havibg higher ROA at 75%.

C) The Venture ZZ seems to be more of a commodity-type business because the return on sales and asset turnover is moderate one.

Answer:

a. Materials, 100%; labor, 100%; overhead cost, 40%

Explanation:

Since Materials and Labor are added at the start of its production process, they will always be 100 % complete at the the end of the period as this mark is already passed. Overheads will be complete up to the extent of the work done in work in process that is 40%.

Answer:

A. $1,075,000

B. No

Explanation:

A. Calculation for the book value of the equipment

Using this formula

Book value of the equipment=Equipment account -Accumulated depreciation—equipment account

Let plug in the formula

Book value of the equipment= $3,150,000-$2,075,000

Book value of the equipment=$1,075,000

Therefore the book value of the equipment will be $1,075,000

(b) NO the balance in the accumulated depreciation account does NOT mean that the equipment's loss of value is the amount of $2,075,000.

Answer:

n = 40

i = 3% (semiannual)

face value = $80 million

coupon payment = $2,000,000

market price:

PV of face value = $80 / (1 + 3%)⁴⁰ = $24.52 million

PC of coupon payments = $2 x 23.115 (PV annuity factor, 3%, 40 periods) = $46.23 million

market value = $70.75 million

The bond price shows the present discounted value of future cash that is derived from purchasing a bond.

[tex]n=20*2\\=40[/tex]

[tex]i=\frac{6 percent}{2} \\=3 percent[/tex]

[tex]80,000,000*0.05*\frac{1}{2} \\=46,229,544[/tex]

[tex]\frac{80}{(1+0.03)^{40} } \\=24,524,547[/tex]

[tex]46,229,544+24,524,547\\=70,754,091[/tex]

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Answer:

A. Knowing how long it will take you to accomplish a task

Explanation:

Knowing your limits refers to understanding one potential and abilities. It is recognizing one's strengths and weaknesses.  The time management skill of knowing your limits refers to the ability to accurately estimates how long it will take one to accomplish a specific task. It implies that an individual is fully aware of their true potential, what they can achieve, and how long it will take them to achieve it.

Answer:

The answer is A

Explanation:

Answer and Explanation:

The computation is shown below:

a. The number of miles driven  per year is

Let us assume the mileage be M

Now

$499 + M ($3 ÷ 50) = $399 + M ($3 ÷ 25)

$100 = M(0.12 - 0.06)

M = $100 ÷ 0.06

= 1,666.66 miles per month

For year, it is

= 1,666.66 × 12

= 20,000 miles per year

c. Now in the case when the gasoline price is $4 per gallon

$499 + M ($4 ÷ 50) = $399 + M ($4 ÷ 25)

$100 = M(0.16 - 0.08)

M = $100 ÷ 0.08

= 1,250 miles per month

For year, it is

= 1,250 × 12

= 15,000 miles per year

Answer:

Salaries for her employees

Explanation

Salaries for her staff are listed below as a fixed expense for Maria's sandwich food truck. As a result, choice (A) is the right one.

A food truck is a sizable motorized vehicle (like a van) or trailer that is outfitted to prepare, cook, serve, and/or sell food.Some, like ice cream trucks, offer frozen or premade food; others, with on-board kitchens, either make food from scratch or reheat food that was made in a physical commercial kitchen. Sandwiches, hamburgers, french fries, and other local fast food favorites are typical.

Food truck that served gourmet cuisine, a range of specialties, and ethnic menus were incredibly popular by the early 2010s, amid the pop-up restaurant craze.

Cold drinks like water and soda pop may be sold by food trucks. Along with food stalls, carts, and trucks,

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Answer: Create New Alert

Explanation:

To receive notification on the Capital IQ platform, an alert would have to be created by "create new alert". To do that navigate to My Capital IQ - My Alerts. Click on “Create New Alert” link and enter a name for the alert you want to create. Select the box next to Key Developments and add companies to your alert.

Answer:

a. Direct Labor

b. Direct Materials

c. Factory Overhead

d. Cost of Goods Manufactured

Explanation:

Costs of Goods Manufactured Schedule records the total of manufacturing costs only. So, consider all costs related to manufacturing process for this question.

Answer:

20.5%

Explanation:

Calculation for what Staley Co.'s margin of safety ratio (MOS%) if 600 units are sold would be

First step is to calculate Break-even amount

Break-even = $80,000/($480-$312)

Break-even= 476.19

Break-even= 477 approximately

Second step is to calculate the Margin of Safety

Margin of Safety = 600-477

Margin of Safety= 123

Now let calculate the margin of safety ratio

Margin of safety ratio=123/600

Margin of safety ratio=20.5%

Therefore Staley Co.'s margin of safety ratio (MOS%) if 600 units are sold would be 20.5%

Answer:

Martha gross pay on her next pay date is $1,815.33.

Explanation:

This can be calculated as follows:

Number of semi months in a year = 24

Semi monthly salary = Salary per year / Number of semi months in a year = $34,400 / 24 = $1,433.33

Commission from contract sales for the third quarter = Contract sales for the third quarter * Commission percentage = $38,200 * 1% = $382

Martha gross pay on her next pay date = Semi monthly salary + Commission from contract sales for the third quarter = $1,433.33 + $382 = $1,815.33

Therefore, Martha gross pay on her next pay date is $1,815.33.

Answer:

1. Dr Cash $8,290

Cr Common stock $8,290

2. Dr Supplies $980

Cr Cash $390

Cr Accounts payable $590

3. No Entry $0

No Entry $0

Explanation:

Preparation of the entries to record the transactions

1. Based on the information given if he deposited the amount of $8,290 of his own money into this account in exchange for common stock the journal entry will be:

Dr Cash $8,290

Cr Common stock $8,290

(Being To record the investment)

2. Based on the information given in a situation where he Purchased photography supplies at a total cost of the amount of $980 which means that if The business paid the amount of $390 in cash, and the balance is on account the journal entry will be:

Dr Supplies $980

Cr Cash $390

Cr Accounts payable $590

($980-$390)

(Being To record the purchase of supplies)

3. Based on the information given in a situation where he Obtained the estimates on the cost of photography equipment from the three different manufacturers which means that no transaction or entry will be recorded.

No Entry $0

No Entry $0

Answer:

2021 Common Stockholders dividends = $49,600

Explanation:

Preference Shareholders are always paid their dividends first before Common Stockholders. If dividend is not declared, Preference dividends are cumulated to the next period and are due !

2019

Preferred Stockholders Dividends = 14700 x $100 x 4% = $58,800

Common Stockholders dividends = $ 0

2020

Preferred Stockholders Dividends =  $58,800 (2019) + $54,200 (2020)

Common Stockholders dividends = $0

2021

Preferred Stockholders Dividends = $4,600 (2020 arrears) + $58,800 (2021) = $63,400

Common Stockholders dividends = $113,000 - $63,400 = $49,600

Answer:

b) Forecasting

Explanation:

The skill set that is used to predict the aspects of the business in the future is what is known as forecasting.

In field of business or management, forecasting is also known as predicting. It is used to predict the developmental strides that the business would attain in the years to come.

Forecasting is very helpful because it helps to come up with strategies that would be useful to the business in the future.

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Answer:

D. When they're threatened with foreclosure

Explanation:

Most homeowners make use of their equity when they sell their house and purchase a new one. So, option (C) is the best choice.

The difference between a property's current market value and any outstanding liens or mortgages is referred to as equity in a home. Through their recurring mortgage payments and any value growth of the home, homeowners gradually increase the equity in their properties.

Therefore, Most homeowners make use of their equity when they sell their house and purchase a new one. So, option (C) is the best choice.

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When a business transaction requires a journal entry, we must follow these rules:

The entry must have at least 2 accounts with 1 DEBIT amount and at least 1 CREDIT amount.

The DEBITS are listed first and then the CREDITS.

The DEBIT amounts will always equal the CREDIT amounts.

For another example, let’s look at the transaction analysis we did in the previous chapter for Metro Courier (click Transaction analysis):

1. The owner invested $30,000 cash in the corporation. We analyzed this transaction by increasing both cash (an asset) and common stock (an equity) for $30,000. We learned you increase an asset with a DEBIT and increase an equity with a CREDIT. The journal entry would look like this:

2. Purchased $5,500 of equipment with cash. We analyzed this transaction as increasing the asset Equipment and decreasing the asset Cash. To increase an asset, we debit and to decrease an asset, use credit. This journal entry would be:

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Answer:

All the journal entries illustrated so far have involved one debit and one credit; these journal entries are called simple journal entries. Many business transactions, however, affect more than two accounts. The journal entry for these transactions involves more than one debit and/or credit. Such journal entries are called compound journal entries.

Explanation:

1.  The owner invested $30,000 cash in the corporation.  We analyzed this transaction by increasing both cash (an asset) and common stock (an equity) for $30,000. We learned you increase an asset with a DEBIT and increase an equity with a CREDIT

2.  Purchased $5,500 of equipment with cash.  We analyzed this transaction as increasing the asset Equipment and decreasing the asset Cash.  To increase an asset, we debit and to decrease an asset, use credit.

3. Purchased a new truck for $8,500 cash.   We analyzed this transaction as increasing the asset Truck and decreasing the asset Cash.  To increase an asset, we debit and to decrease an asset, use credit.

4.  Purchased $500 in supplies on account.  We analyzed this transaction as increasing the asset Supplies and the liability Accounts Payable.  To increase an asset, we debit and to increase a liability, use credit.

5.  Paid $300 for supplies previously purchased.  Since we previously purchased the supplies and are not buying any new ones, we analyzed this to decrease the liability accounts payable and the asset cash.  To decrease a liability, use debit and to decrease and asset, use debit.

6.  Paid February and March Rent in advance for $1,800.  When we pay for an expense in advance, it is an asset.  We want to increase the asset Prepaid Rent and decrease Cash.  To increase an asset, we debit and to decrease an asset, use credit.

7.  Performed work for customers and received $50,000 cash.  We analyzed this transaction to increase the asset cash and increase the revenue Service Revenue.  To increase an asset, use debit and to increase a revenue, use credit.

8.  Performed work for customers and billed them $10,000.  We analyzed this transaction to increase the asset accounts receivable (since we have not gotten paid but will receive it later) and increase revenue.  To increase an asset, use debit and to increase a revenue, use credit.

9.  Received $5,000 from customers from work previously billed.  We analyzed this transaction to increase cash since we are receiving cash and we want to decrease accounts receivable since we are receiving money from customers who we billed previously and not new work we are doing.  To increase an asset, we debit and to decrease an asset, use credit.

10 Paid office salaries $900.  We analyzed this transaction to increase salaries expense and decrease cash since we paid cash.  To increase an expense, we debit and to decrease an asset, use credit.

11. Paid utility bill $1,200.  We analyzed this transaction to increase utilities expense and decrease cash since we paid cash.  To increase an expense, we debit and to decrease an asset, use credit.

Answer: Pick his subject title, do a search concerning it, and make his report from there

Explanation:

These is dependent on what actually he's filling in the report. I would advise Ethan to pick out the subject title of what he's searching for and place on the net. When he does that, he would get various responses. He would have to do the selection himself regarding that which fits into his search, then use it for his report

Answer:

a. The production process shows that the more the quantity produced, the less the average cost of production.  It proves that there are advantages arising from economies of scale.

AC with Q = 150 = $10 ($1,500/150) and

AC with Q = 750 = $2 ($1,500/750)

b. The optimal arrangement is (centralized production) to produce the 750 routers at city C and ship to the 4 other cities.

c. AC with Q = 150 = $10 (14000/(150+1250) and

AC with Q = 750 = $7 (14000/(750+1250)

d. The cost-minimizing arrangement of production in this case is decentralized production.

e. The average cost of producing 150 units at the various cities has remained unchanged while the average cost of producing the 750 units at city C has increased from $2 to $7.

f. Suppose now production costs are those given in part (a) but let shipping cost per router be given by t (in the preceding discussion, we had t = 6, now we assume we don’t know the cost of shipping).

The value of t that would make the two arrangements for production (centralized versus separate factories) equivalent in terms of cost is:

t = $10 per router

Therefore, centralized production cost will be equal to $7,500 ($1,500 + ($10 * 600), and decentralized production cost will remain at $7,500 (750 * $10).

Explanation:

a) Data and Calculations:

Cities with consumers of wi-fi routers = A, B, C, D and E

Demand for routers by each city = 150

Total number of routers required = 750 (150 * 5)

b) Suppose the average cost of producing a router is AC (Q) = 1500/Q, where Q is the number of routers produced in a factory:

Therefore AC with Q = 150 = $10 ($1,500/150) and

AC with Q = 750 = $2 ($1,500/750)

Cost of Production of routers in city C:

cost of producing 750 routers at $2 per router = $1,500

Shipping cost of 600 routers to 4 cities at $6 per router = $3,600

Total cost of producing at city C = $5,100 ($1,500 + $3,600)

Total cost of producing 750 routers at 5 cities = $7,500 ($1,500/150 * 750)

c) Suppose the average cost of producing a router is AC = 14000/(Q+1250):

Therefore, AC with Q = 150 = $10 (14000/(150+1250) and

AC with Q = 750 = $7 (14000/(750+1250)

Cost of Production of routers in city C:

cost of producing 750 routers at $7 per router = $5,250

Shipping cost of 600 routers to 4 cities at $6 per router = $3,600

Total cost of producing at city C = $8,850 ($5,250 + $3,600)

Total cost of producing 750 routers at 5 cities = $7,500 ($1,500/150 * 750)

d) $7,500 = $1,500 + tQ

where Q = 600 (150 * 4)

Therefore, $7,500 - $1,500 = t600

simplifying

t600 = $6,000

t = $6,000/600 = $10

Answer:

Date  Account Titles and Explanation              Debit            Credit

          Inventory                                                 $3,124,089

                Account payable                                                    $3,124,089

          (To record purchase of merchandise inventory)

            Account receivables                             $6,909,879

                  Sales revenues                                                    $6,909,879

           (To record sales on account)

            Cost of goods sold                                $3,456,980

                  Inventory                                                               $3,456,980

             (To record the cost of sales)

Answer:

60%

Explanation:

Calculation for what the ending work-in-process inventory's stage of completion is:

First step is to calculate the Total materials

Total equivalent units of materials + Units started and completed during the period = Total materials or 6,100 + x = 8,000; x = 1,900 (8,100-6,100)

Second step is to calculate Partial units with conversion costs in ending inventory

Using this formula

Partial units with conversion costs in ending inventory= Equivalent units of conversion –

Units started and completed during the period

Let plug in the formula

Partial units with conversion costs in ending inventory= 7,240 – 6,100

Partial units with conversion costs in ending inventory = 1,140 units

Now let calculate the ending work-in-process inventory's stage of completion

Ending work-in-process inventory's stage of completion= 1,140 ÷1,900

Ending work-in-process inventory's stage of completion=0.6*100

Ending work-in-process inventory's stage of completion= 60%

Therefore the ending work-in-process inventory's stage of completion is:60%

Answer: Can i get OWA OWA

Explanation:

Answer:

A. 15th August

B.  60.5

C.  6.05

D.  1.19

Explanation:

Let assume that during the lookback period, you reported a tax rate of $50000 or less. It implies that you're a monthly depositor(based on schedule) and all taxes much be deposited on or before the 15th day of the next month.

Inability to meet up with the timely deposit has penalty based on their tiers.

For 1 - 5 days late =   2% of upaod depsot

6 - 15 late = 5% on tax payment

15 days late = 10% on deposits

10 days late of IRS = 15% on deposit

Since no deposits were made till Aug 24, then deposit has been delayed by 9 days (i.e. Aug 15 - 24)

Thus, the penalty for making timely deposit = 1210 × 0.05 = 60.5

Inability to pay the penalty = 0.5 percent per month ( for unpaid taxes).

So, the penalty for failure of fully paid tax = 120 ×  0.5% = 6.05

Assuming a 4% interest rate; the interest on taxes due & unpaid is

= 1210 × 0.04 × 9/365

= 1.19

Therefore, the total penalty imposed = 60.5 + 6.05 + 1.19 = 67.74

Answer:

The disagreement between these economists is most likely due to .

differences between perceptions versus reality.

Explanation:

A bailout occurs when the government provides capital resources to a distressed business or failing company, which it considers to be too big to fail.  The purpose is to prevent the consequences of the downfall of such an entity, which may include bankruptcy, default on its financial obligations, economic impact on the wider society.  Most bailouts are made for the benefit of the society rather than the business entity.  The mindset from which two economists can perceive the reality of bailouts will always differ.

Answer:

The main advantage resulting from a premium pricing strategy is the higher profits. Another advantage is that customers that purchase premium products seek higher quality and tend to show higher brand loyalty associated with the status of using premium products. The disadvantages of premium pricing are that it cannot be applied to all products, the marketing efforts tend to be more specific, and therefore, represent a higher percentage of sales, and finally, not everyone is willing to pay premium prices.

Answer:

$375,000

Explanation:

depletion rate musts equal the lesser between:

net income = $400,000

or

15% of gross revenues = $2,500,000 x 15% = $375,000

in this case, $375,000 is the smallest amount.

The percentage of depletion is used by extraction companies, e.g. oil & gas companies or mining companies.

Answer:

$3,424

Explanation:

Calculation for What is the service cost to be included in the current year's postretirement benefit expense

Service cost=December 31 $ 68,480*1/20 years

Service cost=$3,424

Therefore the service cost to be included in the current year's postretirement benefit expense will be $3,424

Explanation:

The management of human resources in a globalized society, must be focused on the inclusion and protection of diversity. Organizational social responsibility includes protecting the individual rights of each individual regardless of their culture or individual values.

A socially and environmentally responsible company is one that is concerned with its internal and external environment, adopting the best current practices for the protection and development of the society in which it operates and the environment.

A company that implements social responsibility is the Brazilian agribusiness company Amaggi, which has the potential to cause negative impacts on the environment, but which develops environmental protection programs and contains ISO environmental certifications for the adoption of continuous environmental improvement practices, as well as the creation of subsidy and protection programs for local farmers.

Answer:

using a diverse selection of products found locally

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