Answer:
bcf
Explanation:
edge 2021
Descriptions that offer examples of Management and Entrepreneurship workers are:
Bess supervises workers who help to improve the public’s perception of a company.Julius organizes and oversees a company’s purchasing activities.Angelo directs the work of a company’s sales workers.What is Entrepreneurship?The production or extraction of economic value is referred to as entrepreneurship. According to this definition, entrepreneurship is considered a transformation that often involves greater risk than is typical when beginning a firm and may also involve values other than just financial ones. A person who starts and/or invests in one or more enterprises, taking on the majority of the risks and reaping the majority of the gains, is referred to as an entrepreneur.
Entrepreneurship is the practice of starting a business. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods. A person or organization that has the capacity to transform inventions or technology into goods and services is referred to in the economics literature as an entrepreneur.
Learn more about Entrepreneurship here:
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Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 73,000 chairs. During the month, the firm completed 78,600 chairs, and transferred them to the Finishing Department. The firm ended the month with 10,100 chairs in ending inventory. There were 15,700 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is used by Comfort. Beginning work in process was 35% complete as to conversion costs, while ending work in process was 85% complete as to conversion costs.
Direct materials $24,000
Conversion costs $35,000
Manufacturing costs added during the accounting period:
Direct materials $168,000
Conversion costs $278,000
1. What were the equivalent units for conversion costs during February?
a. 81,500
b. 83,000
c. 73,000
d. 77,500
2. What is the amount of direct materials cost assigned to ending work-in-process inventory at the end of February?
a. $19,000
b. $23,000
c. $25,000
d. $27,000
3. What is the cost of the goods transferred out during February?
a. $417,750.5
b. $454,694.8
c. $476,750.6
d. $505,000.2
Answer:
1. a. 81,500
2. $38,481
3. $461,382
Explanation:
The equivalent units for conversion costs during February.
Conversion Costs = 15,700 x 65% + 62,900 x 100% + 10,100 x 85 %
= 81,690 units
Material Costs = 15,700 x 0% + 62,900 x 100% + 10,100 x 100 %
= 73,000 units
The amount of direct materials cost assigned to ending work-in-process inventory at the end of February.
Step 1 : Determine Cost per Equivalent unit
Conversion Costs = $168,000 ÷ 81,690 units = $2.06
Material Costs = $278,000 ÷ 73,000 units = $3.81
Total Cost = $2.06 + $3.81 = $5.87
Step 2 : Direct Material Cost assigned to ending work-in-process
Ending work-in-process (Material Cost) = 10,100 x $3.81
= $38,481
The cost of the goods transferred out during February.
Cost of the goods transferred out = $5.87 x 78,600
= $461,382
On January 1, 2019, Crane Company granted Sam Wine, an employee, an option to buy 1,000 shares of Crane Co. stock for $30 per share, the option exercisable for 5 years from date of grant. Using a fair value option pricing model, total compensation expense is determined to be $5880. Wine exercised his option on October 1, 2021 and sold his 1,000 shares on December 1, 2021. Quoted market prices of Crane Co. stock in 2021 were:
July 1 $30 per share
October 1 $36 per share
December 1 $40 per share
The service period is for three years beginning January 1, 2019. As a result of the option granted to Wine, using the fair value method, Ellison should recognize compensation expense on its books in the amount of:_______
a. $1,800.
b. $600.
c. $450.
d. $0.
Answer:
b. $600
Explanation:
Calculation for what Ellison should recognize
as compensationn expense on its books
Based on the information given if the total compensation expense was the amount of $1,800 in which The service period is for three years which begins from January 1, 2010 which means that the Compensation for 2010 will be calculated by Using this formula
Compensation for 2010= Total compensation / 3 years
Let plug in the formula
Compensation for 2010 = $1,800 / 3 years
Compensation for 2010 = $600
Therefore Ellison should recognize compensation expense on its books in the amount of $600
The account balances for a company are listed below. All balances are as of Dec. 31, 2017, except where noted otherwise
Accounts Payable $7,200 Rent Expense $2,100
Accounts Receivable 8,400 Equipment 74,500
Salaries Payable 5,600 Furniture 16,600
Notes Payable (due 12/31/19) 20,900 Depreciation Expense 4,000
Dividends 3,000 Accumulated Depreciation 10,000
Sales Revenue 139,500 Cash 14,000
Notes Payable (due 4/30/18) 2,500 Common Stock ???
Cost of Goods Sold 60,900 Trademark 8,000
Loss of Sale of Equipment 4,500 Retained Earnings (1/1/17) 56,200
Inventory 19,800 Marketable Equity Securities 300
Interest Expense 9,750 Gain on Sale of Building 2,450
Salary Expense 30,450 Prepaid Insurance Expense 500
Unearned Revenue 3,800 Copyright 6,000
Determine the common stock balance as of Dec. 31, 2017:
A. $20,650
B. $14,650
C. $2,850
D. $11,350
E. $17,150
A. $41,550
B. $42,050
C. $36,050
D. $30,250
E. $32,300
Solution :
Normal Debit balance Normal Credit balance
Asset Liabilities
Contra liability equity
expenses Contra asset
loss Revenues
Contra equity Gains
Now working on the Trial balance :
Classification Accounts Debit Credit
Asset Accounts receivable 8400
Asset Inventory 19800
Asset Equipment 74500
Asset Furniture 16600
Asset Cash 14000
Asset Trademark 8000
Asset Marketable equity securities 300
Asset Prepaid insurance expense 500
Asset Copyright 6000
Contra Asset Accumulated 10,000
Contra equity Dividends 3000
Equity Retained earnings 56200
Expense Cost of goods sold 60900
Expense Interest expense 9750
Expense Salary expense 30450
Expense rent expense 2100
Expense Depreciation expense 4000
Gain Gain on sale of building 2450
Liability Accounts payable 7200
Liability Salaries payable 5600
Liability Notes payable (due 12/31/19) 20900
Liability Notes payable (due 04/30/18) 2500
Liability Unearned revenue 3800
Loss Loss of sale of equipment 4500
Revenue Sales revenue 139500
Total $ 262,800 $ 248,150
Difference = common stock $ 14,650
Therefore the common stock on 31st of December 2017 = $ 14,650
2.
Which form of interest provides the greater return?
a. simple
b. compound
C. complex
d. fragment
Uing the direct method, and the information in the exhibits, prepare the financing activities section of the statement of cash flows for Alaskan Travels, Inc., as of December 31, Year 2. In the first column, from the option list provided, select the description for cash flows that are clearly from financing activities. In the second column, enter the amounts that will be reported in the financing activities section of the statement of cash flows. Indicate negative numbers by using a leading minus (-) sign.
Cash flows from financing activities: Net cash provided by (used in) financing activities:
1.
2.
3.
4.
5.
Total:
Answer:
1. Dividends Paid - $8,900
2. Short term borrowing $5,500
3. Interest Paid - $1,208
4. Increase in Share capital $10,000
5. Long term borrowings Repayment - $7,250
Explanation:
Cash flows statements are important for a business as this clears out company position in terms of cash. The cash inflows and outflows are reported in the statement. There are three different categories in which cash is reported, Operating activities, Investing Activities and Financing Activities.
Financing activities shows cash flows which are used to fund the business. This part of cash flow shows the net cash generated from different sources of finance.
Forest Company, which uses a weighted-average process-costing system, had 7,000 units in production at the end of the current period that were 60% complete. Material A is introduced at the beginning of the process; material B is introduced at the end of the process; and conversion cost is introduced evenly throughout manufacturing. Equivalent-unit production costs follow.Material A: $12.50Material B: $2.00Conversion cost: $6.60The cost of the company's ending work-in-process inventory is:A. $88,620.B. $115,220.C. $123,620.D. $147,700.E. some other amount.
Answer:
B. $115,220
Explanation:
Material A introduced at the beginning of the process = $12.50
Conversion Cost = $6.6*60% = $3.96
Total = $12.5 + $3.96 = $16.46
WIP ending inventory = $16.64*7000 units
WIP ending inventory = $115,220
Each of these items must be considered in preparing a statement of cash flows for Teal Mountain Company. for the year ended December 31, 2022. For each item, state how it should be shown in the statement of cash flows for 2022.
(a) Issued bonds for $300,000 cash. Choose the type of cash inflows and outflows
(b) Purchased equipment for $270,000 cash. Choose the type of cash inflows and outflows
(c) Sold land costing $30,000 for $30,000 cash. Choose the type of cash inflows and outflows
(d) Declared and paid a $75,000 cash dividend.
Answer:
a. Cash flow from Finance Activities - Cash Inflow $300,000.
b. Cash flow from Investment Activities - Cash Outflow $270,000.
c. Cash flow from Investment Activities - Cash Inflow $30,000.
d. Cash flow from Finance Activities - Cash Outflow $75,000.
Explanation:
The Statement of Cash flows shows 3 types of Cash flow headings which are :
Cash flow from Operating ActivitiesCash flow from Investment ActivitiesCash flow from Financing ActivitiesOperating Activities are Trading activities. Investing Activities involve buy and sell of assets or investment. Finance Activities involve sourcing of finance
Ivanhoe Corp. has a deferred tax asset account with a balance of $72,800 at the end of 2019 due to a single cumulative temporary difference of $364,000. At the end of 2020, this same temporary difference has increased to a cumulative amount of $416,000. Taxable income for 2020 is $762,000. The tax rate is 20% for all years. No valuation account related to the deferred tax asset is in existence at the end of 2019.
Required:
a. Record income tax expense, deferred income taxes, and income taxes payable for 2020, assuming that it is more likely than not that the deferred tax asset will be realized.
b. Record income tax expense, deferred income taxes, and income taxes payable for 2017, assuming that it is more likely than not that none of the deferred tax asset will be realized.
Answer:
attached below
Explanation:
Given data :
Deferred tax asset account = $72800 at the end of 2019
single cumulative temporary difference = $364,000
At the end of 2020
single cumulative temporary difference = $416,000
Taxable income for 2020 = $762000
tax rate = 20% for all years
A) attached below
deferred income tax asset = $( 416,000 - 364,000 ) * 20%
= $10400
Income tax payable = $(762,000 ) * 20% = $152,400
Income tax expense = ( income tax payable - deffered income tax )
= $152400 - $10400 = $142,000
Outdoor Expo provides guided fishing tours. The company charges $200 per person but offers a 10% discount to parties of four or more. Consider the following transactions during the month of May.
May 2 Charlene books a fishing tour with Outdoor Expo for herself and four friends at the group discount price ($900 = $180 × 5). The tour is scheduled for May 7.
May 7 The fishing tour occurs. Outdoor Expo asks that payment be made within 30 days of the tour and offers a 5% discount for payment within 15 days.
May 9 Charlene is upset that no one caught a single fish and asks management for a discount. Outdoor Expo has a strict policy of no discounts related to number of fish caught.
May 15 Upon deeper investigation, management of Outdoor Expo discovers that Charlene’s tour was led by a new guide who did not take the group to some of the better fishing spots. In concession, management offers a sales allowance of 40% of the amount due.
May 20 Charlene pays for the tour after deducting the sales allowance.
Required:
a. Record the necessary transaction(s) for Outdoor Expo on each date.
b. Calculate net sales.
c. Show how Outdoor Expo would present net sales in its income statement.
Answer:
a. Recording of transactions:
May 7, Accounts Receivable (Dr.) $900
Sales Revenue (Cr.) $900
May 15, Customer service Expense (Dr.) $360
Sales Allowance (Cr.) $360
May 20, Cash (Dr.) $495
Cash Discount (Dr.) $45
Sales Allowance (Dr.) $360
Accounts receivable (Cr.) $900
Explanation:
b. Net Sales :
Total Quote ($180 * 5 ) = $900
Less : Cash Discount 5% = 45
Less : Sales Allowance 40% = 360
Net Sales = $495
c. Outdoor expo will record sales after deducting the cash discount. This discount is availed by customer as repayment is made within 15 days. The sales allowance is subtracted from the gross sales as the compensation is made from the outdoor expo due to mistake from their guide on tour. The net sales reported in Income statement will be $495.
explain why strong brands are important to both companies and consum
Answer: See explanation
Explanation:
Branding simply refers to creation of a name, design or a symbol that helps in the identification of the product of a particular company from other companies.
Branding is vital as it makes a company standout from others, it helps to distinguish ones product from the product of others. It also helps in the improvement of recognition and create awareness to ones customers. With the logo on ones product, consumers can easily identify ones product.
Branding also helps in the creation of trust and supports advertising. A strong brand also generates revenue to the company as it helps in the building of financial value. Branding also helps companies get new customers.
Customers also form a connection with brands. This helps in shaping the loyalty of the customer, building trust and aids customer retention.
On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $2,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that this equipment will last only a total of three years. The salvage value is not changed.
Answer:
$15,950
$15,950
Explanation:
Here is the full question :
On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $2,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that this equipment will last only a total of three years. The salvage value is not changed. Compute the revised depreciation for both the second and third years.
The step to answering this question :
1. calculate the depreciation expense using the initial useful life
2. calculate the book value for year 2
3. calculate the depreciation expense for year 2 and 3 using the revised useful life and year 2 book value
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
1. ($65,800 - $2000) / 4 = $15,950
Book value = $65,800 - $15,950 = $49,850
($49,850 - $2000) / 3 = $15,950
The depreciation expense in year 2 and 3 would be $15,950
provide one to two strategies you might incorrect to ensure effectiveness of persuasive message in business.
provide one to two strategies to help ensure the most polite professional and appropriate manner to deliver bad news in business.
Explanation:
Persuasive message:
A persuasive message in business has as its main objective to convince the public to act or do something, such as carrying out tasks, engaging in a project or closing sales. So two effective strategies could be:
speak or write about the advantages that the public will have in carrying out what is being asked for or sold. have good oratory and convincing skills when using mental triggers and persuasive techniquesDeliver bad news in business:
In order to deliver negative messages to an organization, the communication process must be carried out with great caution, since negative news are generally received with dissatisfaction by the public and if they are not passed on effectively they can cause conflicts and other problems in the organizational environment. Some strategies for delivering negative messages would therefore be:
Using an indirect approach to cushion bad news, this approach aims to not speak the news right at the beginning of the message, but to list the facts that have led to a negative situation, so there is a greater sense of understanding by the audience and cushioning the central news. Be as transparent as possible, recognizing the difficulties that the company will face at the moment but using positive elements in the message that reiterate the union and the overcoming of the whole company. Turnbull Corporation is constructing an office building that it will use in its business. Construction of the building started in the current accounting period Turnbull paid its builder $250,000 toward construction of the building. During the period Turnbull had outstandingjilebt of $200,000 with an interest rate of 6% and pays interest at the end of the period. What amount of interest should Turnbull include in the cost of the building from the current period?
A. $0
B. $3,000
C. $12,000
D. $15,000
Answer: $12000
Explanation:
The amount of interest should Turnbull include in the cost of the building from the current period will be calculated as the outstanding debt multiplied by the interest rate. This will be:
= $200,000 × 6%
= $200,000 × 6/100
= $200,000 × 0.06
= $12,000
Therefore, the correct option is C.
Wei Chi always spell-checks his written reports before giving them to his boss. Which of Wei Chi's skills is best shown by
using the spelling checker?
O critical thinking
O deductive reasoning
attention to detail
O technical skills
Answer:
c, attention to detail
Explanation:
Filter Systems produces air filters for domestic and foreign cars. One filter, part number JJ39877, is supplied on an exclusive contract basis to Oil Changers at a constant 200 units monthly. Filter Systems can produce this filter at a rate of 50 per hour. Setup time to change the settings on the equipment is 1.5 hours. Worker time (including overhead) is charged at the rate of $55 per hour, and plant idle time during setups is estimated to cost the firm $100 per hour in lost profit.
Filter Systems has established a 22 percent annual interest charge for determining holding cost. Each filter costs the company $2.50 to produce; they are sold for $5.50 each to Oil Changers. Assume 6-hour days, 20 working days per month, and 12 months per year for your calculations.
Required:
a. How many JJ39877 filters should Filter Systems produce in each production run of this particular part to minimize annual holding and setup costs?
b. Assuming that it produces the optimal number of filters in each run, what is the maximum level of on-hand inventory of these filters that the firm has at any point in time?
c. What percentage of the working time does the company produce these particular filters, assuming that the policy in part (a) is used?
Answer:
a. EOQ = 1449 units are the optimal number of units of Filters to be produced.
b. I = 1400.7 units is the maximum level of on hand inventory any time.
c. Portion of Uptime = 3.3%
Explanation:
Solution:
a.
First of we need to find out the total demand of the filters per year.
D = Demand
D = 200 x 12
Total Demand per year D = 2400 units per year.
Secondly, we need to calculate the production capacity by using the following formula:
PC = Rate of the Production x months in a year x working hours x working days.
PC = 50 x 12 x 6 x 20
PC = 7200 units is the production capacity for a year.
Thirdly, we need to calculate the holding cost by using the following formula:
Holding Cost = Annual interest rate x Production cost per unit.
HC = 0.22 x 2.50
HC = 0.55 is the holding cost
Now, we need to find the modified holding cost as well by using the following formula:
HC' = HC(1- [tex]\frac{D}{PC}[/tex])
Where,
D = Total Demand
PC = Production Capacity per year.
Just Plugging in the values, we get:
HC' = 0.55 x (1 - [tex]\frac{2400}{72000}[/tex] )
HC' = 0.5317 USD per unit.
Finally, for part a, we need to find the Economic Order Quantity, by using the formula:
EOQ = [tex]\sqrt{\frac{2 * D * OC}{HC'} }[/tex]
Where,
OC = Ordering Cost.
Just plugging in the values:
EOQ = [tex]\sqrt{\frac{2 * 2400 * [(100+55)]*1.5}{0.5317} }[/tex]
Hence,
EOQ = 1449 units are the optimal number of units of Filters to be produced.
b.
For this part, firstly, we need to find the inventory at any time:
I = EOQ x (1 - [tex]\frac{D}{PC}[/tex] )
We already know all the values, so just plug in the value into the above equation to calculate inventory at any time:
I = 1449 x ( 1 - [tex]\frac{2400}{72000}[/tex] )
I = 1400.7 units is the maximum level of on hand inventory any time.
c.
For this final part, first we need to find the cycle time as below:
CT = [tex]\frac{EOQ}{D}[/tex]
CT = 1449/2400
Hence, the cycle time is:
CT = 0.60375 per year.
Now, we need to find the uptime:
UT = [tex]\frac{EOQ}{PC}[/tex]
We already know the values, just plug them in:
UT = 1449/72000
UT = 0.0201 per year
Finally, with all the data collected, we can now calculate the portion of cycle time according to uptime in the production process as follows:
Portion of uptime = [tex]\frac{UT}{CT}[/tex]
Portion of Uptime = 0.0201/0.60375
Hence,
Portion of Uptime = 3.3%
Pasadena Candle Inc. budgeted production of 785,000 candles for January. Each candle requires molding. Assume that six minutes are required to mold each candle. If molding labor costs $18 per hour, determine the direct labor cost budget for January. Wax is required to produce a candle. Assume 487,125 pounds of material will be purchased during January. The candle wax costs $1.24 per pound. Prepare a cost of goods sold budget for Pasadena Candle Inc. using the information above. Assume the estimated inventories on January 1 for finished goods and work in process were $200,000 and $41,250, respectively and direct materials wax inventory of 16,000 pounds. Also assume the desired inventories on January 31 for finished goods and work in process were $120,000 and $28,500, respectively and direct materials wax inventory of 12,500 pounds. Factory overhead was budgeted at $300,000. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Answer:
$2,414,125
Explanation:
Preparation of a cost of goods sold budget for Pasadena Candle Inc
Pasadena Candle Inc. COST OF GOODS SOLD BUDGET For the Year Ending December 31
Finished goods inventory, January 1 $200,000
Work in process inventory, January 1 $41,250
DIRECT MATERIALS:
Direct materials inventory, January 1 $19,840
Direct materials purchases $60,4035
Cost of direct materials available for use $62,3875
Direct materials inventory, December 31 $15,500
Cost of direct materials placed in production $608,375
Direct labor $1,413,000
Factory overhead $300,000
TOTAL manufacturing costs $2,321,375
Total work in process during period $2,362,625
($41,250+$2,321,375)
Work in process inventory, December 31 $28,500
Cost of goods manufactured $2,334,125
($2,362,625-$28,500)
Cost of finished goods available for sale $2,534,125
($2,334,125+$200,000)
Finished goods inventory, December 31 $120,000
COST OF GOODS SOLD $2,414,125
($2534125-$120,000)
Therefore The cost of goods sold budget for Pasadena Candle Inc will be $2,414,125
Led Foot drives his car carelessly into another car. The second car contains dynamite, a fact that Led had no way of knowing. The collision causes an explosion, which shatters a window of a building half a block away on another street. The flying glass inflicts serious cuts on Sally, who is working at a desk near the window. The explosion also harms Vic, who is walking on the sidewalk near the point of the collision. Toward whom is Led Foot negligent?
Answer:
Led Foot is negligent Towards Vic
Explanation:
The injury inflicted on both Sally and Vic resulted from the explosion caused when Led Foot hit another car containing explosives. Vic in this case is a pedestrian while Sally isn't. Led Foot is negligent towards Vic because careless driving of any sort will definitely pose a certain level of threat or harm to pedestrians nearby. However, in Sally's case who isn't a pedestrian could be classed among the group of people residing outside the risk zone. Hence, even though Sally was hurt as a result of shattered glass triggered by the explosion ; Led Foot isn't negligent towards Sally.
The following account appears in the ledger prior to recognizing the jobs completed in January:
Work in Process
Balance, January 1 $17,510
Direct materials 142,360
Direct labor 153,560
Factory overhead 80,720
Jobs finished during January are summarized as follows:
Job 210 $70,950
Job 224 $82,770
Job 216 43,360
Job 230 161,600
Required:
a. Journalize the entry to record the jobs completed.
b. Determine the cost of the unfinished jobs at January 31.
Answer:
Following are the solution to this question:
Explanation:
In point a:
Journal Entry :
Account Dr Cr.
Goods completed [tex]\$358,680[/tex]
Processing work [tex]\$358,680[/tex]
Complete total labour costs
[tex]= \$70,950 + \$82,770 + \$ 43,360 + \$ 161,600 \\\\ = \$ 358680[/tex]
In point b:
Uncompleted jobs cost:
[tex]\text{Balance, January 1} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$17,510\\\\\text{Direct materials} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$142,360\\\\ \text{Direct labor } \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$153,560\\\\\text{Factory overhead } \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$80,720\\\\\text{Cost of Finished Goods Transferred} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ (\$ 358680)\\\\\text{Cost of Unfinished Jobs on Aug 31} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$ 35470\\\\[/tex]
Match each type of business insurance with its description.
professional liability insurance
data theft insurance
commercial auto insurance
property insurance
Answer:
insurance against leakage or pilferage of critical and confidential data - data theft insurance
insurance against commercial property damage due to events such as fire, floods, storms, or earthquakes - property insurance
insurance against damage to company vehicles and injury or loss of life due to company vehicles - commercial auto insurance
insurance against severe loss of life or money due to one’s professional negligence or malpractice - professional liability insurance
Explanation:
Costs from Beginning Inventory Costs from Current Period
Direct materials $5,100 $25,200
Conversion costs $5,300 143,700
At the beginning of the period, there were 400 units in process that were 45% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 5,200 units were started and completed. Ending inventory contained 300 units that were 35% complete as to conversion costs and 100% complete as to materials costs. Assume that the company uses the FIFO cost flow method. The cost of completing a unit during the current period was:________
Answer:
$30.59
Explanation:
Note that the FIFO method is used for this question
Equivalent Units
Materials = 5,200 x 100 % + 300 x 100 % = 5,500
Conversion Costs = 400 x 55 % + 5,200 x 100 % + 300 x 35 % = 5,525
Total Costs
Materials = $25,200
Conversion Costs = $143,700
Cost per Equivalent unit
Materials = $25,200/5,500 = $4.58
Conversion Costs = $143,700/5,525 = $26.01
Total Cost = $4.58 + $26.01 = $30.59
Conclusion
The cost of completing a unit during the current period was $30.59
Johanna Murray, a climate campaigner at The National Footprint Foundation, is known in her organization to be a campaigner of caliber and high performance. She has strong networks with the Ministry of Environment and allies with several environmental organizations in the country. Over the years, she has gained substantial knowledge on the issue of climate change. However, recently when she prepared a consolidated report on a conference she attended on climate change, it reflected major loopholes and limited information from the conference. Which of the following, if true, substantiates that Johanna had an anchoring bias?
A) Johanna was moved by the arguments put forth by the first speaker.
B) Johanna participated actively in the interactive session conducted at the end.
C) The speakers at the conference consisted of renowned environmental scientists and activists.
D) Johanna has attended several conferences where the panel consisted of eminent scientists.
E) Johanna was shocked by the startling facts shown during the concluding session.
Answer:
A. Johanna was moved by the arguments put forth by the first speaker.
Explanation:
We start by first explaining the meaning of the concept anchoring bias. This would help us to pick the best answer for this question.
Anchoring bias can be described as a bias that exists when a person is heavily dependent on the first information they get or are offered. Once the person sets this anchor, all the judgments that they make tends to be anchored around this information.
so from these options in this question , the one that substantiates on what an anchoring bias is option A.
Johanna was moved by the arguments put forth by the first speaker.
Dale’s young son does not know much about his dad’s job but he does know that his dad works at the Chevy Manufacturing Plant. Dale explains to his son that he works in “Quality Control.” How might Dale simply describe the place that he works in and some of the tasks he performs to his son? How might Dale explain the jobs of other people in his plant?
Answer:
Dale would explain that he makes sure that everything is running smoothly and that he has to make sure that everyone is doing everything correctly.
Explanation:
I got 15/15 on the questions. :)
Also, make sure you rewrite a few words so you don't get in trouble!
Answer:
Dale can start by explaining what he does on a daily basis? and how he got his job? By explaining these to his son he can understand his dad's job better.
Dale can inform his son that he works in the career pathway called Quality Assurance which falls under the Manufacturing career cluster, where he makes sure that all standards and procedures are followed to ensure that every product is top-notch, high quality, and good enough to send out. In addition, he can express the kind of education he requires for this job, such as the type of degrees/diplomas necessary. The educational requirements for his job range from a high school diploma to a master's degree. Furthermore, Dale can point to a few of his co-workers who are inspectors, lab technicians, process technicians, and quality engineers.
What is true about analyzing the budget?
Answer:
In business, budgets provide the organizing framework for financial planning and tools for controlling spending.
In large entities, the Budget Office Director and staff work with individual managers and others seeking funding approval. As a result, budget proposals conform to local policies. And, the entire proposal package aligns with group objectives.
Explanation:
I don't know if this is what you were looking for...
project requires an initial fixed asset investment of $148,000, has annual fixed costs of $39,800, a contribution margin of $14.62, a tax rate of 21 percent, a discount rate of 15 percent, and straight-line depreciation over the project's 3-year life. The assets will be worthless at the end of the project. What is the present value break-even point in units per year?
Answer:
18,119 units
Explanation:
Break even Point is the level of activity at which the the project makes neither a profit nor loss.
Break even Point = (Annual fixed costs of a project + Annual equivalent cost of the project) ÷ Contribution per unit
where,
Annual fixed costs of a project = $39,800
Step 1 : Calculate PMT
This is to account for additional fixed costs on initial investment that needs to be covered.
N = 3
I = 15 %
PV = $148,000
FV = $0
PMT = ?
Using a Financial calculator, the PMT is $225,090
Step 2: Calculate Break Even Point
Break even Point = ($39,800 + $225,090) ÷ $14.62
= 18,119 units
Conclusion
The present value break-even point in units per year is 18,119 units
Sarah has investments in four passive activity partnerships purchased several years ago. Last year the income and losses were as follows:
Activity Income (Loss)
A $30,000
B (30,000)
C (15,000)
D (5,000)
In the current year, she sold her interest in Activity D for a $10,000 gain. Activity D, which had been profitable until last year, had a current loss of $1,500. Answer the following questions to determine how the sale of Activity D affects Sarah's taxable income in the current year.
a. The amount of suspended losses carried forward to the year of the sale is: ______________.
b. What amount of the suspended losses is allocated to Activity D?
Answer:
Ist B
Explanation:
Ist b
What is Growth-oriented definition of Economics? Explain the main virtues of this definition.
Growth Definition (1948) According to Prof. Paul A Samuelson “ Economics is the study of how men and society choose with or without the use of money, to employ the scarce productive resources which have alternative uses, to produce various commodities over time and distribute them for consumption now and in future.
the summary of important trends in retailing are
Answer:
1 Investment in omni channel retail strategies
2 provide a personalized retail experience
3 Attend to the growing culture of immediacy
4 Expand into emerging markets and create a new channel
List the 5 tests of whether personal property has become a fixture
Answer:
im not sure but there is other questions for you.
Explanation:
Information regarding the potential for a job opening is a _____.
job board
job lead
job offer
job description
Answer:
Your answer is "Job lead"
During 2017, Roblez Corporation had the following transactions and events.
1. Declared a cash dividend.
2. Issued par value common stock for cash at par value.
3. Completed a 2-for-1 stock split in which $10 par value stock was changed to $5 par value stock.
4. Declared a small stock dividend when the market price was higher than par value.
5. Made a prior period adjustment for overstatement of net income.
6. Issued the shares of common stock required by the stock dividend declaration in item no. 4 above.
7. Paid the cash dividend in item no. 1 above.
8. Issued par value common stock for cash above par value.
Required:
Indicate the effect(s) of each of the foregoing items on the subdivisions of stockholders’ equity.
Answer:
The effects of each of the items can be indicated as follows:
Paid in Capital
Item Capital Stock Additional Retained Earnings
1. No Effect No Effect Decrease
2. Increase No Effect No Effect
3. No Effect No Effect No Effect
4. Increase Increase Decrease
5. No Effect No Effect Decrease
6. No Effect No Effect No Effect
7. No Effect No Effect No Effect
8. Increase Increase No Effect
.
Explanation:
1. Declared a cash dividend.
This decreases cash and retained earnings but has no effect on common stock and additional paid in capital.
2. Issued par value common stock for cash at par value.
This increases cash and also increases common stock.
3. Completed a 2-for-1 stock split in which $10 par value stock was changed to $5 par value stock.
This does not affect any account but only increases the number of shares without any increase in the total common stock value.
4. Declared a small stock dividend when the market price was higher than par value.
This is a type of dividend that increases the common stock and additional paid in capital but decreases the retained earnings.
5. Made a prior period adjustment for overstatement of net income.
This reduces the net income and the retained earnings no effect on common stock and additional paid in capital.
6. Issued the shares of common stock required by the stock dividend declaration in item no. 4 above.
Since this is just to effect number 4 above, it has no further effect on any of the subdivisions of stockholders’ equity.
7. Paid the cash dividend in item no. 1 above.
Since this is just to effect number 1 above, it has no further effect on any of the subdivisions of stockholders’ equity.
8. Issued par value common stock for cash above par value.
This increases cash, common stock, and additional paid in capital. But this does affect retained earnings.