Wig Creations Company supplies wigs and hair care products to beauty salons throughout Texas and the Southwest. The accounts receivable clerk for Wig Creations prepared the following partially completed aging of receivables schedule as of the end of business on December 31, 20Y7:

Not Days Past Due
Past
Customer Balance Due 1-30 31-60 61-90 91-120 Over 120
ABC Beauty 20,300 20,300
Angel Wigs 7,500 7,500

Zodiac Beauty 4,100 4,100
Subtotals 1,305,500 743,100 296,100 127,700 43,000 17,300 78,300
The following accounts were unintentionally omitted from the aging schedule. Assume all due dates are for the current year except for Visions Hair & Nail, which is due in the next year.

Customer Due Date Balance
Arcade Beauty Aug. 17 $5,500
Creative Images Oct. 30 4,900
Excel Hair Products July 3 8,600
First Class Hair Care Sept. 8 6,900
Golden Images Nov. 23 3,900
Oh That Hair Nov. 29 2,900
One Stop Hair Designs Dec. 7 6,400
Visions Hair & Nail Jan. 11 4,300
Wig Creations has a past history of uncollectible accounts by age category, as follows:

Age Class Percent Uncollectible
Not past due 1 %
1-30 days past due 3
31-60 days past due 9
61-90 days past due 32
91-120 days past due 42
Over 120 days past due 75
Required:

Question Content Area
1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero.

Customer Due Date Number of Days Past Due
Arcade Beauty Aug. 17 fill in the blank 85ddb5ffaff8055_1
days
Creative Images Oct. 30 fill in the blank 85ddb5ffaff8055_2
days
Excel Hair Products July 3 fill in the blank 85ddb5ffaff8055_3
days
First Class Hair Care Sept. 8 fill in the blank 85ddb5ffaff8055_4
days
Golden Images Nov. 23 fill in the blank 85ddb5ffaff8055_5
days
Oh That Hair Nov. 29 fill in the blank 85ddb5ffaff8055_6
days
One Stop Hair Designs Dec. 7 fill in the blank 85ddb5ffaff8055_7
days
Visions Hair & Nail Jan. 11 fill in the blank 85ddb5ffaff8055_8
days

Answers

Answer 1

Company: The number of days past due is calculated by subtracting the due date from the current date.

What is Company?

A company is a type of business that is owned and operated by its shareholders. It is a legal entity that is separate from its owners and can be used to conduct business activities. A company can be organized in a variety of ways, such as a sole proprietorship, partnership, limited liability company, or corporation. Companies are typically formed to earn profits for their shareholders and are subject to regulations, taxation, and other legal requirements.

Customer Due Date Number of Days Past Due
Arcade Beauty Aug. 17 85 85ddb5ffaff8055_1 days
Creative Images Oct. 30 55 85ddb5ffaff8055_2 days
Excel Hair Products July 3 135 85ddb5ffaff8055_3 days
First Class Hair Care Sept. 8 75 85ddb5ffaff8055_4 days
Golden Images Nov. 23 15 85ddb5ffaff8055_5 days
Oh That Hair Nov. 29 9 85ddb5ffaff8055_6 days
One Stop Hair Designs Dec. 7 0 85ddb5ffaff8055_7 days
Visions Hair & Nail Jan. 11 -25 85ddb5ffaff8055_8days
The number of days past due is calculated by subtracting the due date from the current date. For example, Arcade Beauty is due on Aug. 17 and the current date is December 31, so the number of days past due is 85 days. Visions Hair & Nail is due on January 11, so the number of days past due is -25, since the due date is in the future.

To learn more about Company
https://brainly.com/question/24553900
#SPJ1


Related Questions

Which of the following statements is CORRECT? a. A slow-growth company, with little need for new capital, would be more likely to organize as a corporation than would a faster growing company. b. A major disadvantage of all partnerships compared to all corporations is the fact that federal income taxes must be paid by the partners rather than by the firm itself. c. Attracting large amounts of capital is more difficult for partnerships than for corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity (difficulty buying and selling) of partnership interests. d. In a regular partnership, liability for other partners' misdeeds is limited to the amount of a particular partner's investment in the business. e. The limited partners in a limited partnership have voting control, while the general partner has operating control over the business. Also, the limited partners are individually responsible, on a pro rata basis, for the firm's debts in the event of bankruptcy.

Answers

chatGPT

Answer:

c. Attracting large amounts of capital is more difficult for partnerships than for corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity (difficulty buying and selling) of partnership interests.

steps

A.

1. slow growth vs. fast isn't the reason

2. incorporate so owners are not personally responsible for the company's debts

3. incorporate to make it easier to sell shares of the company to investors

B.

1.This statement is incorrect because it says "all partnerships" and "all corporations," which is not true for every partnership or corporation

2.partnerships, partners have to pay federal income taxes

3.In corporations, the taxes are paid by the firm itself

4.Partnerships have a disadvantage compared to corporations

5. This disadvantage is related to taxes

D.

incorrect because

in a regular partnership,

all partners are responsible for the actions of the other partners,

not just limited to the amount they invested in the business.

called "joint and several liability."

E.

1. limited partners are not individually responsible for the firm's debts in the event of bankruptcy

2.limited partners in a limited partnership do not have voting control, only the general partner does

3. pro rata basis means limited partners' liability is limited to the amount they have invested in the partnership. NOT equally divided

4. They are not personally responsible for the partnership's debts beyond that amount.

5. general partner has operating control over the business, but not voting control.

A company repaid a long-term debt during the year. They will report this as a(n) (increase/decrease)
in the
activities section on the statement of cash flows.

Answers

The repayment of a long-term debt will be reported as a decrease in the activities section on the statement of cash flows as repayment of a long-term debt represents a cash outflow for the company, reducing liabilities.

What is cash flow?

The cash flow statement is a type of financial statement that details the sources and uses of a company's cash over time. The three main sources of a company's cash flow are typically operations, investing, and finance.

The debt service coverage ratio, free cash flow, and unlevered cash flow are only a few of the techniques used to examine a company's cash flow.

Companies receive revenue from sales and spend money on costs.

Together with these sources of revenue, they might also sell goods on credit, anticipating to get paid the money owing at a later time, and earn money through investments, royalties, licencing deals, and interest.

To know more about cash outflow, visit:-

https://brainly.com/question/14208792

#SPJ1

Doing some research on the key players will help you make the most of business blank or blank

Answers

The main benchmark for a business's success is customer satisfaction. Your ability to satisfy your customers to the point where they pick you over someone else, that they do business with you again.

What Exactly Is a Customer?

A person or firm that purchases goods or services from another company is known as a customer. Consumers are crucial because they provide revenue; without them, firms would cease to exist.

In sales, commerce, and economics, a customer is the recipient of a good, service, product, or idea that they have purchased from a seller, vendor, or supplier in exchange for money or another useful consideration.

To know more about customer visit:

https://brainly.com/question/13472502

#SPJ1

Market segmentations of Compact Swivel Cheese and Tapas Board

Answers

Answer:

Market segmentation for Compact Swivel Cheese and Tapas Board can be based on various factors, such as:

Demographic segmentation: This involves segmenting the market based on demographic variables such as age, gender, income, education, occupation, and marital status. For example, the product may be targeted towards young professionals who enjoy hosting dinner parties.Geographic segmentation: This involves segmenting the market based on geographic variables such as region, city size, and climate. For example, the product may be targeted towards consumers in urban areas with high disposable income.Psychographic segmentation: This involves segmenting the market based on lifestyle, personality, and values. For example, the product may be targeted towards consumers who value high-quality and aesthetically pleasing products.Behavioral segmentation: This involves segmenting the market based on consumer behavior such as purchase frequency, loyalty, and occasion. For example, the product may be targeted towards consumers who frequently entertain guests or host dinner parties.

Based on these factors, some possible market segments for Compact Swivel Cheese and Tapas Board could include:

Young urban professionals who enjoy hosting dinner parties and value aesthetically pleasing products.Affluent consumers who frequently entertain guests and are willing to pay a premium for high-quality products.Health-conscious consumers who enjoy cheese and tapas but also want to maintain a healthy lifestyle.Consumers who are environmentally conscious and prefer products made from sustainable materials.Consumers who are interested in artisanal and handmade products.

The effectiveness of the force field analysis

Answers

The effectiveness of the force field analysis include a clear analysis for a decision to be made. It is a fair analysis and allows everyone to list their pros and cons.

It identifies the negative forces that should be removed to ensure successful implementation of the change.

What do analysis and an example mean?

The process of closely investigating something to learn more about it or to form an opinion on it: An impartial evaluation of the performance of the investment strategy was done by our financial specialists.

What does analysis mean in written form?

Finding meanings or patterns in data is the goal of an analysis. Statements that are subjected to analysis will go beyond summary to include the author's unique insights and analyses of the source material.

To know more about Analysis visit:

https://brainly.com/question/30552083

#SPJ9

Buffalo Company reported a December 31 ending inventory balance of $412,000. The following additional information is also available:

The ending inventory balance of $412,000 did not include goods costing $48,000 that were purchased by Buffalo on December 28 and shipped FOB destination on that date. Buffalo did not receive the goods until January 2 of the following year.
The ending inventory balance of $412,000 included damaged goods at their original cost of $38,000. The net realizable value of the damaged goods was $10,000.

Based on this information, the correct balance for ending inventory on December 31 is:

Answers

The correct balance for the ending inventory on December 31 is $450,000.

What is ending inventory?

Ending inventory is the value of goods or products that a company has at the end of a specific accounting period, such as a fiscal year or a quarter. It represents the remaining stock of goods that have not been sold or used during the period. The value of ending inventory is important for calculating a company's cost of goods sold (COGS), which is the total cost of the products that were sold during the period. To determine the value of ending inventory, a company must take a physical count of its inventory and apply the appropriate accounting method, such as first-in, first-out (FIFO) or last-in, first-out (LIFO). The value of ending inventory can also be used to calculate a company's gross profit, which is the difference between its total revenue and cost of goods sold. Accurate tracking and management of ending inventory is crucial for businesses in order to manage their operations effectively and make informed financial decisions.

Ending inventory balance reported by Buffalo Company = $412,000

Add: Cost of goods purchased on December 28, but not received until January 2 = $48,000

Adjusted ending inventory balance before considering damaged goods = $460,000

Deduct: Net realizable value of damaged goods = $10,000

Adjusted ending inventory balance on December 31 = $450,000

To learn more about ending inventory, visit:

https://brainly.com/question/25947903

#SPJ9

16.
16.
12
18
14
19
16
Use the following to newer the questions
Colin Jackson recently porchesed Blue Waters Adventures, a kayak and emoeing rental business near the Chateworths River in Arizons Bos Waters Adventures had been in
operation for five years and was located in an idea ares. Even though the winters in the ares can be cold, kayaking and canoeing sctivities are generally popoder year-round. After
wo months of operation, it became clear why the previous owners had sold the besisese. While the bovines appeared to be ideally located, ustes were extremely disappointing.
Refer to Scenario 42. Colin went to the university library and collected everything he could find on the keyaking and coring sports industries. He found a significant amount of
information, but it didn't seem to be in the format that he could actually use in his malysis. Cofin realized that he could just one this preliminary date as a resource to help him
design his plan for offering focus groups and possibly for designing a murvey. The preliminary data is referred to se while the date from focus groups and urveys is
Osecondary date observation
Ob exploratory date, primary
Osecondary date, primary
Od primary date, secondary and observational
Geprimery date, descriptive

Answers

Answer: The preliminary data is referred to as secondary data and the data from focus groups and surveys is referred to as primary data.

Enjoy!

Question 2 of 17 <
View Policies
Fixed costs $
If it increases its selling price by 10% while expecting volume to drop by just 5%, will the company achieve its goal?
Current Attempt in Progress
Patricia is helping her company consider a change in its CVP relationship to increase profitability. Currently, the company is selling
15,200 units, generating $77,800 in operating income. The contribution margin is $36 per unit, while total variable costs are
$364,800.
What amount of fixed costs does t company currently incur?
New operating income $
The company
-/3
its goal.
E
|||

Answers

The amount of fixed costs that the company currently incur is $104,600.

What amount of fixed costs does the company currently incur?

Operating income = (Selling price x Units sold) - (Total variable costs + Total fixed costs). Given that the company's operating income is $77,800, its selling price is $36 per unit, its units sold are 15,200, and its total variable costs are $364,800.

$77,800 = ($36 x 15,200) - ($364,800 + Total fixed costs)

$77,800 = $547,200 - $364,800 - Total fixed costs

$77,800 = $182,400 - Total fixed costs

$77,800 + Total fixed costs = $182,400

Total fixed costs = $104,600.

Will the company achieve its goal?

To determine whether the company will achieve its goal by increasing its selling price by 10% while expecting a 5% drop in volume, we need to calculate the impact of these changes on the company's operating income.

Currently, the company's revenue is calculated as follows:

Revenue = Selling price x Units sold

Revenue = $36 x 15,200

Revenue = = $547,200

Variable costs are calculated as follows:

Variable costs = Total variable cost per unit x Units sold= $24 x 15,200

Variable costs = $364,800

Therefore, the company's current operating income is calculated as follows:

= Revenue - Variable costs

= $547,200 - $364,800

= $182,400

If the company increases its selling price by 10%, the new selling price will be $39.6 ($36 x 1.1). With a 5% decrease in volume, the new units sold will be 14,440 (15,200 x 0.95).

The new revenue will be calculated as follows:

= New selling price x New units sold

= $39.6 x 14,440

= $571,584

The new variable costs will be calculated as follows:

= Total variable cost per unit x New units sold

= $24 x 14,440

= $346,560

Therefore, the new operating income will be calculated as follows:

= New revenue - New variable costs

= $571,584 - $346,560

= $225,024.

Read more about CVP relationship

brainly.com/question/27674135

#SPJ1

provide a brief discussion that brings out at least 3 different ways in which entrepreneur ship has been described. Your discussion must show why these are descriptions and not really definitions​

Answers

Answer:

Entrepreneurship has been described in many different ways, each offering a unique perspective on what it means to be an entrepreneur. While these descriptions are useful in understanding the nature of entrepreneurship, they cannot be considered definitions as they do not provide a clear and concise explanation of what entrepreneurship is.

One common description of entrepreneurship is as a process of innovation. This perspective sees entrepreneurship as the act of identifying and creating new opportunities in the market, and developing innovative solutions to address them. While this description is useful in highlighting the creative and innovative nature of entrepreneurship, it does not provide a comprehensive understanding of what entrepreneurship entails.

Another way in which entrepreneurship has been described is as a set of behaviors or traits. This perspective emphasizes the personal qualities and characteristics that are typically associated with successful entrepreneurs, such as risk-taking, persistence, and a strong work ethic. While this description is useful in understanding the qualities that may be important for entrepreneurial success, it does not provide a complete understanding of what entrepreneurship is or how it works.

Finally, entrepreneurship has also been described as a way of thinking or a mindset. This perspective emphasizes the importance of an entrepreneurial mindset in identifying opportunities and creating value in the marketplace. This description highlights the importance of creativity, problem-solving, and adaptability in the entrepreneurial process. However, like the other descriptions, it is not a definition, as it does not provide a clear and concise explanation of what entrepreneurship is.

Explanation:

Carmen SanDiego, a U.S. citizen, is employed by General Motors Corporation, a U.S. corporation. On April 1, 2020, GM relocated
Carmen to its Brazilian operations for the remainder of 2020. Carmen was paid a salary of $131,000 and was employed on a 5-day-
week basis. As part of her compensation package for moving to Brazil, Carmen also received a housing allowance of $27,750.
Carmen's salary was earned ratably over the 12-month period. During 2020 Carmen worked 260 days, 195 of which were in Brazil and
65 of which were in Michigan.
How much of Carmen's total compensation is treated as foreign source income for 2020? (Do not round intermediate calculations.)
Total foreign source compensation

Answers

The amount of Carmen's total compensation treated as foreign source income for 2020 is $118,687.50

How much of Carmen's total compensation is treated as foreign source of income

To determine how much of Carmen's total compensation is treated as foreign source income for 2020, we need to calculate the portion of her salary and housing allowance that was earned while she was working in Brazil.

First, we need to calculate the portion of her salary that was earned in Brazil:

Salary earned in Brazil = (195/260) x $131,000 = $97,875

Next, we need to calculate the portion of her housing allowance that was earned in Brazil:

Housing allowance earned in Brazil = (195/260) x $27,750 = $20,812.50

Therefore, the total foreign source compensation for Carmen in 2020 is:

Total foreign source compensation = Salary earned in Brazil + Housing allowance earned in Brazil

= $97,875 + $20,812.50

= $118,687.50

Learn more on compensation here;

https://brainly.com/question/21335829

#SPJ1

Why do borrowers end up paying more over a longer payment schedule (such as 48 months vs 30 months)?

Answers

The answer is the borrowers end up paying more over a longer payment schedule because longer loan term means accumulating more interest charges over time.

A longer term is riskier for the lender because there's more of a chance interest rates will change dramatically during that time. Because it's a riskier loan to make, lenders charge a higher interest rate.

What would you consider to be an interest?

Interest is the fee you pay to borrow money or the fee you charge to lend money. Most frequently, interest is shown as a yearly percentage of the loan amount. The interest rate on the loan is this particular percentage.

What does an interesting example look like?

Consider borrowing $1,000 for seven years at a 10% interest rate. Your interest would be $100 in the first year. Your interest payment for the next year would consist of the principle amount plus interest, or $1,100.

To know more about Interest visit:

https://brainly.com/question/30393144

#SPJ9

The opportunity cost of a decision can be examined by using a _____.


Disabled
A.
graph of increasing costs


Disabled
B.
factors of production chart


Student Selected Correct
C.
production possibilities graph


Disabled
D.
global trade-off grid

Answers

A production possibilities graph can be used to assess the opportunity cost of a choice.

What is a decision's opportunity cost?

In a recent Page One Economics: Money and Missed Opportunities, Andrea Caceres-Santamaria, senior economic education specialist at the St. Louis Fed, explains that opportunity cost is the value of the next-best alternative when a decision is made; it is what is given up.

Why does a decision have an opportunity cost?

Opportunity cost is the price of giving up an option. In other words, it's the resources you forgo when you pick choice A over option B, such as money, time, or other resources. The objective is to give the expense a numerical value, such as a dollar amount or percentage, so you can calculate a better choice.

To know more about production visit:-

https://brainly.com/question/22852400

#SPJ1

a. The manager of the Greenfield store has a personal friendship with a number of
employees. He wants to get these employees positions at one of the other stores. How would
you respond to this human resources scenario?

Answers

We asked HR professionals to share their stories about dealing with difficult employees and the lessons they have learned over time in order to provide you with some concrete advice on what to do.

How do you handle employees who are difficult?

I discovered after spending some time getting to know her better that she was actually quite unhappy in her current position. I assisted her in setting career goals and creating a strategy for achieving them. As soon as she changed jobs, she changed how she treated other people. In the end, the employee rose to become the department's go-to person.

Success almost always follows when you concentrate on matching an employee's strengths to the job she is expected to do. Work with employees to create a strategy that will help them achieve their objectives. Finally, give them a lot of feedback and praise them for their accomplishments. This will result in a win-win situation for the company and its employees.

To learn more about HR visit :

https://brainly.com/question/14562606

#SPJ1

If fixed costs are £1000, the selling price per unit is £10 and variable costs per unit are £5, what is the breakeven output?

Answers

According to the question of fixed costs, the breakeven output is 200 units.

What is fixed costs?

Fixed costs are costs that do not vary with the amount of output produced by a company. They are expenses that must be paid regardless of the amount of goods or services produced by the company. Fixed costs include rent, insurance, debt service payments, depreciation, office supplies, and utilities. They are also known as overhead costs and are the same at any level of production. Fixed costs are important in cost-volume-profit analysis, as they do not change with the amount of output.

This is calculated by dividing the fixed costs by the contribution margin (the difference between the selling price and the variable costs). In this example, the contribution margin is £5 (selling price of £10 minus variable costs of £5) and therefore the breakeven output is £1000 (fixed costs) divided by £5 (contribution margin) = 200 units.

To learn more about fixed costs

https://brainly.com/question/20670674

#SPJ1

You have $5 million dollars to invest in stocks. You have decided to do so in three firms. Following the example in class and in tabular form, divide the $5 million dollars among the three firms and calculate your expected return on your portfolio.

Answers

It is impossible to appropriately allocate $5 million and compute predicted returns without knowing more details about the three companies. An investor's allocation can be helped by a financial counsellor.

3 to 5 million dollars are equal to how many rupees?

How much is $3,500,000.00? As of 7:00 AM UTC today, three million five hundred thousand US dollars are equivalent to 287,064,911.00 (INR), or two hundred eighty-seven million sixty-four thousand nine hundred eleven Indian rupees.

How do you convert $5 million into rupees?

As a result, the final answer is 37,50,00,000. This is because the value of 5 million dollars in rupees is equal to 1 dollar = 75 Rs.

To know more about returns visit:-

https://brainly.com/question/29569139

#SPJ1

Post your elevator pitch and/or Personal Branding Video.
Share and discuss the outcome of both your elevator pitch and personal branding video as well as what challenges you came upon
Reflect and assist your classmates' posting comments, shared resources, and helpful hints/tips.

Answers

The class discussion will borders around the importance of personal branding and effective communication in today's fast-paced and competitive job market.

Class discussion on outcome of recent elevator pitch, personal branding video and challenges experienced:

In the recent class discussion, we had the opportunity to share the outcomes of our elevator pitches and personal branding videos. Many  found the experience challenging but ultimately rewarding, as it forced us to think more deeply about our personal and professional goals, and how we present ourselves to others.

Some students reported feeling nervous or self-conscious during the process, while others found it empowering to articulate their skills and accomplishments in a concise and compelling way. Despite the challenges involved in crafting an elevator pitch or personal branding video, many of us found the experience to be valuable and enlightening.

By articulating our goals and aspirations in a clear and compelling way, we were able to better understand our own strengths and weaknesses, and develop a more focused and intentional approach to our personal and professional development.

Read more about Class discussion

brainly.com/question/30156877

#SPJ1

Refer to Figure 3. Which of the following statements is correct?
O A. To induce firms to internalize the externality in this market, the government should offer a subsidy measured by P₂ - Po
B. To induce firms to internalize the externality in this market, the government should impose a tax measured by P₂ - Po.
C. To induce firms to internalize the externality in this market, the government should impose a tax measured by P2 - P₁.
D. There is no externality in this market.

Answers

Option (b), The government ought to implement a tax that is calculated as P2 - P0 in order to encourage businesses to internalize the externality in this market.

How could the government internalize a beneficial externality?

It is referred to as a positive externality when a benefit is shared with a third party. The government is able to prevent negative externalities by taxing goods and services that generate spillover costs. The government can promote positive externalities by offering subsidies for goods and services that have positive spillover effects.

The supply and demand market economy has the potential to incorporate externalities.

Externalities can be internalized through market processes, governmental control, autonomous groups, or a mix of these institutions.

Learn more about positive externality: https://brainly.com/question/28238938

#SPJ1

When were two bills, designed to provide additional legal protection for fashion designers and others in the fashion industry, introduced to the House and Senate?

Fall 2012
Spring 2012
Winter 2011
Summer 2011

Answers

In the Fall of 2012, two bills designed to provide additional legal protection for fashion designers and others in the fashion industry, the Innovative Design Protection and Piracy Prevention Act, were introduced to the House and Senate.

The bills aimed to address the issue of design piracy, which is a common problem in the fashion industry. Design piracy occurs when a design is copied or imitated without the designer's permission, often resulting in lost sales and revenue for the original designer. The Innovative Design Protection and Piracy Prevention Act would have provided legal protection for fashion designs that meet certain criteria, including originality and novelty. Under the proposed legislation, designers would have been able to obtain three years of legal protection for their designs, allowing them to bring lawsuits against individuals or companies that copy or imitate their designs without permission. The bills were supported by many in the fashion industry, who argued that design piracy was a significant problem that needed to be addressed. However, the bills were also criticized by some who argued that they could stifle innovation and creativity in the fashion industry by limiting the ability of designers to draw inspiration from one another. Despite support from many in the fashion industry, the Innovative Design Protection and Piracy Prevention Act was ultimately not passed into law. The bills faced opposition from some members of Congress and other groups, and were never brought to a vote in either the House or Senate.

To know more about fashion industry:

https://brainly.com/question/10151032

#SPJ1

To maintain the control needed to obtain accurate information, marketers approach marketing research as a process. Which of the following steps of that process focuses on
uncovering the nature and boundaries of the marketing situation to be studied?
O a. Locating and defining problems
Ob Designing the project
O c. Collecting data
d. Reporting findings
e. Interpreting findings

Answers

Answe is a. Locating and defining problems

Perez Company and Rundle Company both apply overhead to the Work in Process Inventory account using direct labor hours. The following information is available for both companies for the year.

Perez Company Rundle Company
Actual manufacturing overhead $ 135,100 $ 268,450
Actual direct labor hours 22,000 27,000
Underapplied overhead 16,000
Overapplied overhead $ 25,500

Compute the predetermined overhead rate for each company.
Using T-accounts, record the entry to close the overapplied or underapplied overhead at the end of the accounting period for each company, assuming the amounts are immaterial.

Answers

To determine the predefined overhead rate for each business, we divide the anticipated overhead costs by the anticipated activity base. In this case, the direct labour hours used by both enterprises serve as the activity base.

How can you determine whether manufacturing overhead is being used too much or too little?

In order to determine whether manufacturing overhead was applied too much or too little over the course of time, the cost account of the company must equal the manufacturing overhead account. If credits exceed debits, overhead was overapplied; if debits exceed credits, it was underapplied.

Regarding Perez Company:

Expected direct work hours / estimated overhead costs equals the predetermined overhead rate.

The actual overhead rate and the actual direct labour hours can be used to determine the estimated overhead costs, which are not provided.

Real overhead expenses are equal to (Actual direct labour hours / Expected direct labour hours) / Actual overhead costs.

= $135,100 / (22,000 / 22,000) = $135,100

Predetermined overhead rate = $135,100 / 22,000 = $6.14 per direct labor hour

Regarding Rundle Company:

= $268,450 / (27,000 / 27,000) = $268,450

Predetermined overhead rate = $268,450 / 27,000 = $9.94 per direct labor hour

To know more about enterprises visit:-

https://brainly.com/question/18551533

#SPJ1

HELPPPP MEEEE

very late assignment

Answers

C and d I believe at least that’s the ones that make sense to me

Economic forces within the business environment reflect ongoing tension between the freedom to build a business and restraints imposed by government regulation
A. True
B. False

Answers

Answer:

a

Explanation:

The _________________________ensures that all vendors who wish to supply are capable of providing quality goods or services, and have technical, commercial, and financial ability, adequate equipment and facilities, good service performance, or any other measures that will ensure quality and reliability in every purchase made.

a.Vendor Accreditation Program
b.Vendor Development
c. Supplier Development
d. Finish Product development

Answers

The Vendor Accreditation Program ensures that all vendors who wish to supply are capable of providing quality goods or services, and have technical, commercial, and financial ability, adequate equipment and facilities, good service performance, or any other measures that will ensure quality and reliability in every purchase made. Therefore, the answer is option a. Vendor Accreditation Program.

Rank the following three stocks by their level of total risk, highest to lowest. Rail Haul has an average return of 8 percent and standard deviation of 10 percent. The average return and standard deviation of Idol Staff are 10 percent and 20 percent; and of Poker-R-Us are 6 percent and 15 percent.

Answers

Answer:

Explanation:

The level of total risk of a stock is measured by its standard deviation. The higher the standard deviation, the higher the level of total risk. Based on the information given, we can rank the three stocks from highest to lowest level of total risk:

Idol Staff: with a standard deviation of 20 percent, it has the highest level of total risk.

Poker-R-Us: with a standard deviation of 15 percent, it has a moderate level of total risk.

Rail Haul: with a standard deviation of 10 percent, it has the lowest level of total risk.

Why might Sandwiched criticism be a poor approach

Answers

Answer:

Manipulation

Explanation:

The main issue with the sandwich approach is that it’s actually manipulation.  (not sure if this is what you meant)

which of the following criteria is not important when selecting a tenant for a residential unit

Answers

d. When choosing a tenant for a residential unit, preparing the owner's income tax returns is not important.

Who is best at finding tenants?

If you can attract them, tenants with incomes at least three times the rent are ideal.  Better tenants are those who are able to meet unexpected needs and have a track record of timely bill payment. Finding a dependable, long-term tenant who pays their rent on time and treats the property as if it were their own will be the top priority for the majority of landlords. You will need to conduct a comprehensive reference check when selecting a tenant. You can use add-ons to reach a more desirable, higher-income market and attract quality tenants. Built-in wardrobes, stainless steel appliances, additional lighting, additional storage space, air conditioning, heating, and dishwashers are examples of these add-ons.

To learn more about tenants visit :

https://brainly.com/question/28315465

#SPJ1

Complete question -

which of the following criteria is not important when selecting a tenant for a residential unit -

a. supervising the maintenance of the property.

b. protecting the physical integrity of the property.

c. meeting the functional requirements of the tenants.

d. preparing the owner's income tax returns.

How does inflation affect hire purchase and lease facility performance

Answers

A way for economists to gauge how quickly prices for goods and services are rising in an economy is through inflation. Inflation also has an impact on hire purchase and lease facility performance.

What is leasing and how does hire purchase work?

Leasing or hire purchase (HP) is a method of asset financing that enables businesses or individuals to own and control assets for a predetermined period of time in exchange for rent, instalments to cover depreciation, and interest to cover capital costs.

What is leasing and how does hire purchase work?

A type of asset financing known as hire purchase (HP) or leasing enables businesses or individuals to control an asset for the duration of a predetermined period while paying rent or installments to cover the depreciation of the item.

To know more about Inflation visit:

https://brainly.com/question/28190771

#SPJ1

Manufacturing Company makes two types of products: product 1 and product 2. Product 1 has a unit profit of $5, and product 2 has a unit profit of $8. In order to make products 1 and 2, four types of resources are needed: resources 1, 2, 3, and 4. The availability of the four resources is 50, 40, 8, and 10 units. wants to know how many units of product 1 and product 2 to make in order to make the maximal profit. The following LP model is built to solve the problem:

Max Z = 5X1 +8X2 (profit)

Subject to:

3X1+5X2 <= 50 (resource 1)

2X1+4X2 <= 40 (resource 2)

X1 <= 8 (resource 3)

X2 <= 10 (resource 4)

X1, and X2 >= 0

Please answer the following questions:

Please use Microsoft Excel to solve the LP model and generate an answer report and a sensitivity analysis report.
What are the optimal decision values and optimal objective value?
If the unit profit of product 1 is changed from $5 to $10, what impacts would be on optimal decision values and optimal objective value?
If the availability of resource 1 is changed from 50 to 40, what impacts would be on optimal decision values and optimal objective value?
If they can obtain additional resources 3 or 4, but not both, which should it select? How much? Explain your answer.
Please I really need help

Answers

The optimal decision values and optimal objective value would be X1 = 8, X2 = 12, Z = 96.


What is optimal?

Optimal means the most favorable, beneficial, or desirable situation or outcome. It is often used to describe the most efficient or effective way of achieving a given goal. In economics, optimal means the best balance of cost and benefit, while in mathematics, it means the most efficient way of solving a problem. -

The optimal decision values and optimal objective value are:  X1 = 8, X2 = 10, Z = 80.
If the unit profit of product 1 is changed from $5 to $10, the optimal decision values and optimal objective value would be: X1 = 0, X2 = 10, Z = 80.
If the availability of resource 1 is changed from 50 to 40, the optimal decision values and optimal objective value would be: X1 = 6, X2 = 10, Z = 80.If they can obtain additional resources 3 or 4, but not both, they should obtain additional resource 4 as that would increase the optimal decision values and optimal objective value. The optimal decision values and optimal objective value would be: X1 = 8, X2 = 12, Z = 96.

To learn more about optimal
https://brainly.com/question/29603640
#SPJ1

Why Invest Signature Global City 93 Gurgaon?

Answers

Signature Global City 93, Gurgaon is a good option to invest in.

Signature Global is the Largest real estate development company in Delhi-NCR, focusing on affordable and mid-segment housing (LIG and MIG) in terms of units supplied (in the below Rs. 80 lakh price category) between 2019 and 2021 with a market share of 19% provide “value homes” with attractive designs and amenities.

It offers you independent luxury floors with lavish amenities at one of the prime locations in Gurgaon. This project has a futuristic location and direct connectivity to all the necessary things and essentials required for a luxurious living.

Standards by which to judge the reliability marketing research include the
a questionnaire construction
b. sampling method
c code of conduct
d. analytic software
e. single-source data
developed by the American Marketing Association to promote ethical research.

Answers

Answer is C. Code of conduct
Final answer:

The reliability of marketing research can be judged by aspects such as questionnaire construction, sampling method, the implementation of ethical research conduct, the effectiveness of analytic software, and the use of diverse data sources.

Explanation:

The standards by which to judge the reliability of marketing research involve several aspects.

Option (a) states the validity of data collected is directly impacted by questionnaire construction; vague or confusing questions can lead to inaccurate responses.

Option (b) identifies the sampling method which, if not representative of the target audience, decreases the reliability of the findings.

Option (c) refers to a code of conduct developed by the American Marketing Association designed to promote ethical research; any violation hereafter can invalidate the study.

Option (d) proposes that the analytic software used must be capable of accurately and effectively analyzing the data.

Finally, option (e) discusses the potential flaw in using single-source data. This can lead to limitations due to a lack of perspective diversity. Reliable marketing research would aim to avoid this, incorporating multiple data sources for a comprehensive view.

Learn more about Marketing Research  here:

https://brainly.com/question/32351613

#SPJ11

Other Questions
What made Naaman decide to talk to Elisha? Select one:a.He was threatened by Israels king.b.He admired Elishas work.c.He wanted to travel to Israel.d.He felt like he had run out of other options. Larry finds a lens and shows it to his friends, Mirez and Sherly.All three look through it. Larry looks at the window across the room with the lens and says the window looks upside down. Mirez said that he must be using it incorrectly, because when he looks at his thumb through the lens, it is definitely not upside down. Sherly says that she thinks it is broken, because when she looks through it, everything just looks blurry.Using your understanding about image formation, explain each of their observations. A Ferris wheel has a diameter of 150 ft. Passengers ride in a carriage around the Ferris wheel. Use your approximation in Question 15 to write an equation relating the total distance traveled to the number of rotations of the wheel. Be sure to define your variables. Show or explain your thinking While selecting a name for a partnership, if the name is other than that of the partners, the partners must give notice as to their actual identity under the state's ______.A. fictitious-name certification lawB. annexed-name statuteC. suppositious-name lawD. fictious-name ruleE. assumed-name statute Compare and contrast the following men- Orval Faubus and George Wallace. Give THREESIMILARITIES AND THREE DIFFERENCES. What is John Adams' argument in reply? What reasons does he give to support his argument? What was the booming economy in the 1800s in south dependant on? Quick Check 13.13-3.11 Find the difference. list (3y^(2)+11y-5)/(y^(2)-2y-24)-(2y^(2)+4y-17)/(y^(2)-2y-24) What is (backwards y looking thing) (LMK)? A manufacturer buys a new machine that costs $50,000. The estimated useful life for the machine is ten years. Theachine can produce 1,000 units per month. If the machine ran at its capacity for ten years, what would be the fixed cost per unit based one cost of the machine per part manufactured? (Round to the nearest penny)ooooa) $. 42 / unitb) $1. 00/unitc) $4,167 / unitd) $5,000/unit Risk and uncertanity may arise due to lack of Complete information about a particular Opportunity yet, the entrepreneur will work with what Information is available to decide whether or not to proceed with an opportunity. Discuss two ways in which an entrepreneur will use Informations to understand risk and Uncerfanity and deciding whether or not to exploit a business opportunity Kelly bought some live plants for her fish tank from two pet stores. She recorded the prices of the plants in the table and graph below. Fish-n-Stix Pets Weight of Plants (oz) Cost ($) 2 2.66 3 3.99 5 6.65 7 9.31 8 10.64 Finish the statements below about the two stores.THE ANSWER ARE For live plants, Fish-n-Stix Pets is (less expensive) thanThe price per ounce for live plants at Fishing For Compliments is about $ (2.67)The price per ounce for live plants at Fish-n-Stix Pets is (about half of) the price per ounce at Fishing For Compliments. For the complex number z = 12 + i, what is Modifying above z with bar? Where does the comma go. Has the package arrived yet Bryce, or do I need to look up its status online? In a factory, three machines, J, K and L, are used to make biscuits. Machine J makes 25% of the biscuits. Machine K makes 45% of the biscuits. The rest of the biscuits are made by machine L. It is known that 2% of the biscuits made by machine J are broken, 3% of the biscuits made by machine K are broken and 5% of the biscuits made by machine L are broken. A biscuit is selected at random. Calculate the probability that the biscuit is made by machine J and is not broken. Determine the % ionization of the following drugs at the specified pH. (i) A basic drug, pKb of 8.2, pkw of 14 and physiological pH of 7.4 (ii) Acidic drug, pKa 5.1 and pH 6.2. 1. Imagine your partner just had a baby. Discuss the sources of support that would help them through the stress of the early days.2. Make a Parent Advice List of ways you can reduce the number of temper tantrums a toddler has and ways to deal effectively with the tantrums.3. Discuss ways parents can reduce the stress of parenting in these first two years, so they can model happy feelings for their babies and have energy for relationships with their infants. The Venn Diagram to the below shows the data collected at a sandwich shop for the last 6 months with respect to the type of bread people ordered (sourdough or wheat) and whether or not they got cheese on their sandwich. Use this data to create a two-way table and answer the questions.Sourdough W/Cheese:+Sourdough Without Cheese:=TOTAL Sourdough:Wheat W/Cheese:+Wheat Without Cheese:=TOTAL Wheat:TOTAL Sourdough:+TOTAL Wheat:=TOTAL (ALL): -8(6y-2x-5) Use the distributive property to remove the parentheses. to test the hypothesis that younger people are more opposed to the use of nuclear energy than older people, the best method would be a(n) . naturalistic observation archival study case study survey