Answer:
checking one's financial records against the bank’s
Explanation:
Reconciling an account is the regular confirmation that the reported balances are accurate. It involves checking one's account against bank balances to ensure the figures are tallying. Reconciling may require making adjustments to capture omitted transactions and charges. In practice, reconciliation involves comparing one financial records against the bank statement.
Answer:
checking one's financial records against the bank’s
Explanation:
Performance measurement systems are used to assess how well a company is performing toward meeting its own goals and objectives. True False
Answer:
True
Explanation:
This is a true or false question and the answer is true.
It is true because Performance measurement systems are used mostly as a regular way of measuring the results and also the outcomes of a company or organization and a formof assessment to know how well a company is doing towards achieving its own set goals and objectives
Suppose a stock is expected to pay a $0.50 dividend every quarter and the required return is 10% with quarterly compounding . What is the price ?
If dividends are expected at regular intervals forever, then this is a perpetuity and the present value of expected future dividends can be found using the perpetuity formula
P0 = D / R
P0 = .50 / (.1 / 4) = $20
Your price would be $20
Hope this helps :)
C Co. reported a retained earnings balance of $200,000 at December 31, 2017. In September 2018, C determined that insurance premiums of $30,000 for the three-year period beginning January 1, 2017, had been paid and fully expensed in 2017. C has a 30% income tax rate. What amount should C report as adjusted beginning retained earnings in its 2018 statement of retained earnings
Answer:
$214,000
Explanation:
The computation of the amount that report as adjusted opening retained earning is shown below:
Per year insurance premium is
= $30,000 ÷ 3 years
= $10,000
Now the beginning retained earning would be understated by
= ($30,000 - $10,000) - ($200,000 × 30%)
= $20,000 - $6,000
= $14,000
Now the amount adjusted is
= $200,000 + $14,000
= $214,000
Suppose the demand for a price maker’s product is estimated to be Qd = 100 – 2P and its total cost function is C(Q) = 10Q. Under first-degree price discrimination, what will be the firm’s profits?
Answer: See explanation
Explanation:
From the question,
Qd = 100 – 2P
We have to use the subject of the formula to get the expression for Price(P). This will be
2P = 100 - Qd
P= (100 - Qd) /2
P = 50 - 0.5Q
Also, C(Q) = 10Q
MC = 10
Since P = MC
50 - 0.5Q = 10
Collect like terms.
50 - 10 = 0.5Q
0.5Q = 40
Q = 40/0.5
Q = 80
Recall that,
P = 50 - 0.5Q
= 50 - 0.5(80)
= 50 - 40
= 10
The profit will be calculated as:
= TR - TC
where,
Total revenue = Price × Quantity
= 80 × 10 = 800
Total cost = 10Q = 10 × 80 = 800
Profit = 800 - 800 = 0
During 2017, Concord Corporation expected Job no. 59 to cost $300000 of overhead, $540000 of materials, and $200000 in labor. Concord applied overhead based on direct labor cost. Actual production required an overhead cost of $235000, $610000 in materials used, and $260000 in labor. All of the goods were completed. How much is the amount of over- or underapplied overhead
Answer:
Under/over applied overhead= 155,000 overapplied
Explanation:
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 300,000/200,000
Predetermined manufacturing overhead rate= $1.5 per direct labor dollar
Now, we can allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 1.5*260,000
Allocated MOH= $390,000
Finally, the over/under application:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 235,000 - 390,000
Under/over applied overhead= 155,000 overapplied
In the formula FV=P(1+r)n, what is the n or period if the term is 10 years compounded yearly at 12% per annum?
10 b) 40 c) 120 d) 12
Answer:
a 10
Explanation:
The formula to compute the future value is shown below
Future value = Present value × (1 + rate of interest)^number of years
where,
The Rate of interest is 10%
And, the number of years or term is 10 years
Therefore as per the given situation, the correct option is a.
hence, the same is to be considered
what should i do for college?
Radiology
Nursing
Crime Scene Technician
X-ray Technician
Vet Assistant
Dental Assistant
Accounting
Elementary Teacher
Pre-School Teacher
During the year, the company produced and sold 40,000 units of product at a selling price of $14.43 per unit. There was no beginning inventory of product at the beginning of the year. What is the contribution margin for the year
Answer:
$392,200
Explanation:
Calculation for the contribution margin for the year
Using this formula
Contribution Margin= Sales-Variable costs
Let plug in the formula
Contribution Margin=(14.43 per unitsx 40,000 units) - $185,000
Contribution Margin=$577,200-$185,000
Contribution Margin=$392,200
Calculation for variable costs
Manufacturing $114,000
Marketing: 31,000
Administrative: 40,000
Total variable costs=$185,000
Therefore the contribution margin for the year will be $392,200
Varughese Incorporated is working on its cash budget for March. The budgeted beginning cash balance is $33,000. Budgeted cash receipts total $182,000 and budgeted cash disbursements total $191,000. The desired ending cash balance is $40,000. The excess (deficiency) of cash available over disbursements for March will be:
Answer:
$24,000
Explanation:
Beginning Cash Balance 33,000
Budgeted Cash Receipt 182,000
Total Available Cash 215000
Less: Cash Disbursements -191,000
Total excess (deficiency) of cash available $24,000
For the period from 2019 to 2020, a company reports the following: Percentage change in sales 30% increase Percentage change in cost of goods sold 20% increase Percentage change in gross profit 25% increase If sales are $5,000,000 in 2019, what are sales in 2020?
Answer:
If sales are $5,000,000 in 2019, the sales in 2020 will be
$6,500,000
Explanation:
a) Data and Calculations:
2019 2020 Change
Percentage change in sales 100% 130% 30% increase
Percentage change in cost of
goods sold 100% 120% 20% increase
Percentage change in
gross profit 100% 125% 25% increase
Sales are in 2019 = $5,000,000 $6,500,000 ($5 million * 130/100)
Alternatively, the 30% increase can be computed, to get $1,500,000 ($5,000,000 * 30%). This change in sales is then added to the 2019 sales figure to get $6,500,000, which is the sales in 2020.
Daily demand for a product is 160 units, with a standard deviation of 35 units. The product is ordered on a pre-established (fixed) schedule and the review period is 5 days and the lead time is 10 days. At the time of review, there are 30 units in stock. If 99 percent service probability is desired, how many units should be ordered?
Answer:
2686
Explanation:
Given that :
Daily demand (D) = 160
Standard deviation (s) = 35
Review period (T) = 5 days
Lead time (L) = 10 days
Number in stock (I) = 30 units
Service probability α = 99%
Quantity to order Q;
Q = D(T + L) + Z*s + √(T + L) - 1
Zscore p(Z < 0.99) = 2.326 = 2.33(Z probability calculator)
Q = 160(5 + 10) + 2.33 * 35 * √(10 + 5) - 30
Q = 160(15) + (2.33 * 35 * 3.8729833) - 30
Q = 2400 + 315.841788115 - 30
Q = 2685.841788115
Q = 2686
Legal status of a person or entity that cannot repay the debts they oweStays on credit report for 7 years
Answer:
i think its 5
Explanation:
because the overtime of this will add up
A company has a discount on a forward contract for an asset. How is the discount recognized over the life of the contract?
Answer: It is charged to accumulated other comprehensive income.
Explanation:
The discount is recognized over the life of the contract when it is charged to accumulate other comprehensive income.
When the allowance method is used for bad debts, the entry to write off an individual account known to be uncollectible involves a
Answer:
debit to the Allowance account.
Explanation:
GAAP is an acronym for Generally Accepted Accounting Principles, it comprises of the accounting standard, procedures and principles used by public institutions in the United States of America. The U.S GAAP is issued by the Financial Accounting Standards Board (FASB) and adopted by the U.S. Securities and Exchange Commission (SEC).
IFRS is an acronym for International Financial Reporting Standards, it comprises of a set of accounting standards or rules issued by the International Accounting Standards Board (IASB). The International Financial Reporting Standards ensures that statement of income, when reported by accountants is consistent, transparent and comparable globally.
According to the Generally Accepted Accounting Principles (GAAP), when the allowance method is used for bad debts, the entry to write off an individual account known to be uncollectible involves a debit to the allowance account.
Which statement best describes what a project manager controls?
the overall choice of which work becomes a project
the overall deadline when a project is due
the overall resources allocated for a project
the delegation of responsibilities in a project
Answer:
I believe it’s the delegation of resources
Explanation:only other logical choice is delegation of responsibilities but that’s up to the boss or who assigned the project in the first place
The statement that best describes what a project manager controls is the delegation of responsibilities in a project.
Who is a project manager?A project manager refers to the person who has the responsibility of planning and executing a project.
The delegation of responsibilities in a project is the best statement that describes what is controlled by the project manager.
Therefore, D is the correct option.
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HelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelp
Answer:
okokokokokokokokokokokookokokokokokokok
Answer:
Idkidkidkidkidkidkidk
Explanation:
A proposed new project has projected sales of $195,000, costs of $92,000, and depreciation of $25,200. The tax rate is 25 percent. Calculate operating cash flow using the four different approaches. (Do not round intermediate calculations.)
Operating cash flow
EBIT +Depreciation - Taxes 58,800
Top-down
Tax-shield
Bottom-up
Answer:
EBIT + Depreciation - Tax
= (195000-92000-25200) + 25200 - 19450
= $83,550
Top down OCF = EBIT - (EBIT * Tax) + Depreciation
Top down OCF = (195000-92000-25200) - ((195000-92000-25200) * 0.25) +25200
Top down OCF = 77800 - 19450 + 25200
Top down OCF = $83,550
Tax shield OCF = (Sales - Exp) (1-tax) + (Dep * tax)
Tax shield OCF = (195000-92000) (1-0.25) + (25200 * 0.25)
Tax shield OCF = 77250 + 6300
Tax shield OCF = 83550
Bottom Up OCF = Net Income + Dep
Bottom Up OCF = (77800 * (1-0.25) + 25200
Bottom Up OCF = 83550
A well-defined road map to achieving a career goal is a/an:
Answer:
A career plan
Explanation:
A career plan is kinda like a road map for achieving your career goals!
Hope this helps and peace and love
Which of these elements contributes toward globalization of the economy?
The element which contributes to the globalization of the economy is the use of foreign labor. Therefore, A is the correct option.
What is globalization?Globalization is the process of globalizing trade, goods, and services. Under this process, the trade, import, and export barriers are at a minimum. Not only the goods and services but the culture and customs of one country are also seen to be adopted by other countries under globalization. Globalization is the process of interacting with other countries by globalizing.
The process of globalization involves many ways including people-to-people contact such as visiting other countries; increasing trading by enhancing the value of imports and export; increasing the cultural contact between the countries such as Yoga which is an ancient wisdom of India is now becoming a part of the daily routine of many people around the globe.
Thus, the employment of foreign labor is a factor in the globalization of the economy. As a result, choice A is the best one.
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The given question is incomplete. The complete question is given below.
Which of these elements contributes toward globalization of the
economy?
A. Use of foreign labor
B. Import duties and tariffs
C. Anti-immigration policies
D. Opportunity costs
If Xiu Li organized focus groups to discuss the idea of flavored additives with Hope Springs customers, this would be an example of
Answer: concept testing
Explanation:
Concept testing is simply used by a company or organization to determine whether customers will accept a product or not. In this case, a survey can be used to know if they'll except such product before it's introduction to the market.
Since Xiu Li organized focus groups to discuss the idea of flavored additives with Hope Springs customers, this would be an example of concept testing.
Last year, total sales for your grocery store were $17,000 with returns of $457 and discounts of $700. The linear feet of shelving in the store totals 650. What are the sales less returns and discounts per linear foot of the store
Answer:24.37
Explanation:
24.37 just plug your formula and multiply the cash with store :)
A mirror should be centered on a wall. The mirror is 4 feet wide and the wall is 20 feet wide. Which equation helps determine the distance x on each side of the mirror?
Answer:
A). x + 4 + x = 20
Multiple-choices
A). x + 4 + x = 20
B). 4 + x + 4 = 20
C). x = 20 + 4 + 4
D). 4 = 20 + x + x
Explanation:
The mirror will be in the middle of a wall which is 20 feet wide.
If the mirror is 4 feet, then 4 will be in the middle.
X will be on either side of the 4feet mirror.
Therefore:
x + 4 + x =20
6. Consider an economy described by the following equations:
Y = C + I + G
Y = 5,000 G = 1,000 T = 1,000
C = 250 + 0.75(Y − T) I = 1,000 − 50 r.
a. In this economy, compute private saving, public saving, and national saving.
b. Find the equilibrium interest rate.
c. Now suppose that G rises to 1,250. Compute private saving, public saving, and national saving.
d. Find the new equilibrium interest rate.
Answer:
(a) Private saving = Y-T-C
Private saving = 5000-1000-250-0.75(5000-1000)
Private saving = 750
Public saving = T - G
Public saving = 1000-1000
Public saving = 0
National saving = S = private saving+ public saving
National saving = 750
(B) Equilibrium interest rate = S + I
750 = 1000 - 50r
-50r = 750 - 1000
-50r = -250
50r = 250
r = 250/50
r = 5%
(c) Private saving is unchanged
Public saving = 1000 - 1250
Public saving = - 250
(d) The new equilibrium interest rate
750 (-250) = 1000-50r
500 = 1000 - 50r
- 50r = 500 - 1000
- 50r = -500
-50r = 500
r = 500/50
r = 10%
SEE
What characters can be included in a macro name? Check all that apply.
letters
numbers
spaces
underscores
BO
symbols
Answer:
Letter
Number
Underscores
Explanation:
A Macro names should mainly comprise of alphanumeric characters which is made up of mainly letters and numbers. Underscores as well as the first key being in capital is also important.
Space isn’t necessary as it has no clearly defined function .
Answer:
1) Letters
2) Numbers
3) Underscores
Explanation:
got it right on edge
PlZ HELP!!!
Gabbie needs to directly connect with her customers in order to educate them about the advantages of using her products. Face-to-face interaction with the customers isn’t possible. What is the next best medium?
A.
multilevel marketing
B.
telemarketing
C.
e-commerce
D.
direct sales
E.
franchising
Answer:
B. telemarketing
Explanation:
In the telemarketing, the company or an individual is directly in contact with its customer with respect to the product over the phone call so that they could aware of the product
In this, the face to face interaction is not done
Therefore as per the given situation, the option B is correct as in this met the criteria.
Answer:
b) telemarketing
Explanation:
Guerilla Radio Broadcasting has a project available with the following cash flows : Year Cash Flow 0 −$15,700 1 6,400 2 7,700 3 4,500 4 4,100 What is the payback period?
Answer: 2.36 years
Explanation:
Payback period is the amount of time it will take to pay off the initial investment/ outlay which in this case is $15,700.
= Year before investment is paid + (Amount remaining/ Cashflow in year of Payback)
Add up the cashflows to find the year before payback;
= 6,400 + 7,700
= $14,100
Year before payback = 2
Amount remaining;
= 15,700 - 14,100
= $1,600
Payback period = 2 + (1,600/ 4,500)
= 2.36 years
Why would you want to limit your borrowing when making economic decisions ?
Answer:
so they can end up spending less on interest payments and credit card fees.
Explanation:
It is _______ for a company to issue equity than debt; it is ________ for an investor to buy equity in a company than debt in the same firm. a. safer; safer b. safer; riskier c. riskier; safer d. riskier; riskier e. none of the above enter a, b, c, d or e
Answer:
b. safer; riskier
Explanation:
In Business management, there are two (2) main methods that business owners could use to finance their businesses and these includes equity and debt financing.
Generally, any business owner that uses equity to finance its business rather than relying on the use of debt, simply has a lower risk of going bankrupt.
Hence, it is safer for a company to issue equity than debt; it is riskier for an investor to buy equity in a company than debt in the same firm.
Chang Industries has 2,800 defective units of product that have already cost $14.80 each to produce. A salvage company will purchase the defective units as they are for $5.80 each. Chang's production manager reports that the defects can be corrected for $5.20 per unit, enabling them to be sold at their regular market price of $22.60. The Incremental Income or loss on reworking the units is:_______.A. $32,480 loss.B. $32,480 income.C. $14,560 loss.D. $47,040 income.E. $48,720 income.
Answer:
A. $32,480
Explanation:
Calculation for The Incremental Income or loss on reworking the units
First step is to calculate the incremental revenue from reworking
Incremental revenue from reworking= ($22.60- $5.80)
Incremental revenue from reworking (= $16.80
Second step is to calculate net benefit per unit to rework
Net benefit per unit to rework= 16.80- 5.20
Net benefit per unit to rework = $11.60
Last step is to calculate the incremental income from reworking
Incremental income from reworking= ($11.60* 2,800 units)
Incremental income from reworking = $32,480
Therefore The Incremental Income or loss on reworking the units is:$32,480
Recovery of Previously Written Off A/R
September 10-King pays the $200 previously
written off as uncollectible.
Prepare both journal entries.
Answer and Explanation:
The journal entries are shown below
On Sep 10
Account receivable - king $200
To Bad debt expense $200
(Being the reinstate previously written off account receivable is recorded)
Here account receivable is debited as it increased the assets and credited the bad debt expense as it decreased the expenses
On Sep 10
Cash Dr $200
To Account receivable - king $200
(Being cash collection is recorded)
Here the cash is debited as it increased the assets and account receivable is credited as it decreased the assets