Karen Pollard can review the accounts receivable ledger to determine the amount of accounts receivable owed to the company.
Karen Pollard should look at the accounts receivable ledger instead of the trial balance if she wants to know the amount of accounts receivable owed to the company. The trial balance provides a summary of all the accounts in the general ledger, and it balances debits and credits.
The accounts receivable ledger, on the other hand, provides a detailed record of all customer transactions and balances owed to the company. It is updated every time a sale is made on credit, a payment is received, or a customer balance is adjusted.
Therefore, Karen Pollard can review the accounts receivable ledger to determine the amount of accounts receivable owed to the company. She can easily add up the outstanding balances of all the customers to determine the total amount of accounts receivable.
In conclusion, while the trial balance provides a summary of all the accounts in the general ledger, the accounts receivable ledger provides detailed information on the accounts receivable owed to the company. Therefore, Karen Pollard should review the accounts receivable ledger to determine the amount of accounts receivable owed to the company.
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people tend to like higher incomes and lower inflation. what kind of change in our model results in higher incomes and lower inflation?
An increase in AS is the kind of change in our model results in higher incomes and lower inflation.
What does mean higher incomes and lower inflation?Income growth for those with greater earnings can counteract inflationary pressure. But sadly, increasing inflation and economic disparity can push lower-income households deeper into poverty. Additionally, research has demonstrated that inflation inequality, or the tendency for prices to grow more quickly for people with lower incomes, may exist.Income disparity is more pronounced when inflation rates are low. Inequality falls as inflation rises, troughs at a level about 13% inflation, and then begins to rise once more.Increased wages would mean higher expenses for enterprises, who would then pass those expenses along to customers. Additionally, greater earnings boost consumers' discretionary income, increasing demand for goods and perhaps driving prices even higher.To learn more about higher incomes refer to:
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Please help I'm about to fail my class and i will be grounded for life, 100 pts for it! its financial literacy
Part One–Research
Imagine you bought 100 shares of stock three years ago and are selling it today. Select a company and research its stock prices. You can start with websites like Nasdaq and Fidelity. Determine the stock's price three years ago, or the purchase price, and its price today, or the selling price.
Part Two–Determine the Real Return
Calculate the real return of your stock investment using the following information:
Purchase price of 100 shares of stock
Selling price of 100 shares of stock
10% tax rate
3% inflation rate
2% administrative fee on the selling price of the stock
Part Three–Evaluate
Analyze your research and calculations, and answer the following questions:
What company did you select to buy stock in? Why did you select the company?
Consider the real return of the stock investment. Do you consider it a wise investment? Why or why not?
1. I imagine buying 100 shares of Amazon.com Inc. on January 3, 2020, when the stock price was $93.75, investing $9,375.
Today, October 31, 2022, the stock price of Amazon.com Inc. is $102.44.
2. The real return on my investment in Amazon.com Inc was a net loss of 7.12% or $667.60.
3. The company I selected to buy its stock three years ago was Amazon.com Inc.
4. I decided on Amazon.com Inc., hoping to earn spectacular returns since it is a multinational technology company.
5. When I consider the actual return on the stock investment in Amazon.com Inc., I think it was an unwise investment.
6. The investment returned a negative real value because I realized less than I initially invested; I actually lost about $667.60 overall.
What is the stock investment?Stock investment is the purchase of shares for an ownership interest in a publicly-listed company.
The investor makes the investment with the hope that the investee will grow and perform well over some period, enabling the investor to earn some real returns (in the form of dividends and capital appreciation).
Purchase of 100 shares Jan. 3, 2020 = $9,375 (100 x $93.75)
Sales of 100 shares Oct. 31, 2022 = $10,244 (100 x $102.44)
Tax (10%) = $1,024.40 ($10,244 x 10%)
Inflation (3%) = $307.32 ($10,244 x 3%)
Administration fee on sales (2%) = $204.88 ($10,244 x 2%)
Real Returns in dollars = $8,707.40 ($10,244 - $1,024.40 - $307.32 - $204.88)
Loss on returns = $667.60 ($8,707.40 - $9,375)
Loss percentage = 7.12% ($667.60/$9,375 x 100)
Unfortunately, Amazon.com Inc. did not pay any dividends during the period of my investment, and I really lost funds to taxes, inflation, and administration fees when I sold it.
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5. Consider the markets below. Summarize and show on a fully labeled S/D diagram what happens, all else equal, what
happens if the mentioned events occur. Be sure to indicate which curve changes, how it changes, why it changes and
what the effect is on P* and Q*. If the determinant (reason why) has a subcategory, be sure to name both the
determinant AND the subcategory involved. Start grey pencil/black pen, shifting curve changes color to blue.
a. Market for gasoline, all else equal, new oil reserves found in easily accessible fields in the US greatly reduce the
cost of crude oil.
b.
d.
c. Market for operating system software (i.e. Windows 11), all else equal, the price of computers increases.
Market for electric vehicles all else being equal, consumer marketing for electric vehicles becomes much more
effective in persuading people to ditch gasoline/diesel fueled vehicles.
Market for tropical fruit, all else equal, costs of labor, fertilizer and pesticides increase in countries that produce
tropical fruit.
Market for Home Computer Equipment: A pandemic requires a large number of people to work remotely from home.
What happens to the market for home computer equipment when a pandemic requires remote work?When a pandemic requires a large number of people to work remotely from home, the demand for home computer equipment increases. This shift in demand is due to the increased need for individuals to have their own personal computers and accessories to effectively carry out their work tasks from home.
As a result, the demand curve for home computer equipment shifts to the right, indicating a higher quantity demanded at each price level. This leads to an increase in both the equilibrium price (P*) and the equilibrium quantity (Q*) of home computer equipment in the market.
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Each of the following financial products will help you build a credit
history EXCEPT
O Secured credit card
O Debit card
O Auto loan
O Credit card
The option B, Debit card is true as it does not help in building a credit
history.
What is a debit card?A debit card is a payment card that can be used in place of cash to make purchases. It deducts money directly from a consumer's checking account when it is used.
Debit cards allow you to spend money by drawing on funds you have deposited at the bank. Credit cards allow you to borrow money from the card issuer up to a particular limit.
Thus, option B debit card is true because to build a credit history it is necessary to borrow from a bank.
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as the recipient of their customer's efforts, the supply firm manager has the opportunity to improve the relationship with the customer. improved relationships can result in increased market share, growth opportunities and other benefits. group of answer choices mod sdp sop pos pods flag question: question 44
As the recipient of their customer's SD efforts, the supply firm manager has the opportunity to improve the relationship with the customer.
The supply curve indicates us the quantity that a firm will produce at extraordinary fees. Discern 7.21 "The deliver Curve of an individual firm" exhibits something great: the individual supply curve. It's far the same as a company's marginal fee curve. of the firm is the marginal value curve.
The deliver curve is a image illustration of the correlation between the fee of an excellent or provider and the quantity supplied for a given duration. In a typical illustration, the rate will appear on the left vertical axis, whilst the quantity provided will appear at the horizontal axis.
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Your company will need a business plan in order to do what? A. Increase revenue. B. Identify an opportunity. C. Pay taxes. D. Get funding. Please select the best answer from the choices provided
Answer:
Get Funding
Explanation:
Hope this helps :)
Answer:
D
Explanation:
Get Funding
in the long run, monopolistically competitive firms produce at a level of output that is less than the least cost (minimum atc) level of output. this is called: g
in the long run, monopolistically competitive firms produce at a level of output that is less than the least cost (minimum atc) level of output. this is called the deadweight loss.
What is monopolistic?
When a large number of businesses provide rival goods or services that are comparable but imperfect substitutes, monopolistic competition exists. A monopolistic competitive industry has low entry requirements, and decisions made by any one firm need not directly affect those of its rivals. The pricing and marketing choices made by the rival companies serve as their points of differentiation. Between a monopoly but also perfect competition, monopolistic competition exists, combines aspects of both, and includes businesses with comparable but distinct product offerings. Sectors with monopolistic competition include those in restaurants, hair salons, household goods, and clothing. Numerous rival businesses compete to sell, market, and price goods like dish soap and hamburgers.
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What are the techniques for successful change management as identified by Bernard Chester (2005)
Bernard Chester (2005) identified several techniques for successful change management. Here are some of them:
1. Communicate the need for change: Clear and effective communication is crucial to gain support and understanding from employees. Leaders should articulate the reasons for change, the benefits, and the expected outcomes.
2. Create a compelling vision: A clear vision of the future state helps employees understand the purpose of the change and motivates them to embrace it. The vision should be inspiring, realistic, and aligned with organizational goals.
3. Develop a change management team: Forming a dedicated team responsible for managing the change process can provide expertise, guidance, and support to employees. This team should include individuals from different departments and levels of the organization.
4. Engage and involve employees: Actively involving employees in the change process helps foster ownership and commitment. Seek input, listen to concerns, and involve employees in decision-making whenever possible.
5. Provide training and support: Change often requires employees to acquire new skills or adjust their roles. Offer training programs, coaching, and ongoing support to help employees adapt to the changes successfully.
6. Monitor progress and celebrate milestones: Regularly track the progress of the change initiative and celebrate achievements along the way. Recognizing milestones and rewarding employees' efforts can boost morale and maintain momentum.
7. Address resistance and manage setbacks: Anticipate and address resistance to change by identifying potential obstacles and developing strategies to overcome them. Actively manage setbacks, learn from them, and make necessary adjustments to keep the change process on track.
8. Continuously communicate and reinforce: Change is an ongoing process, and communication should be continuous. Regularly communicate updates, address concerns, and reinforce the vision and benefits of the change to sustain engagement and commitment.
These techniques provide a framework for managing change effectively, but it's important to adapt them to the specific context and needs of the organization. Flexibility, open-mindedness, and a focus on employee engagement are key to successful change management.
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After a job interview, you should _____.
A. Celebrate
Write a thank you letter
call the interviewer immediately to see if you got the job
call your friend to tell them about the interview
Answer:
I think that after a job interview you should call your friend and tell them about the interview you should not celebrate because you don't know if you've gotten the job and if you call your friend they might give you hope on getting the job
You can best show a business your interest in their job position through:
A.)social media
b.) an application
c.) a resume
d.) a cover letter
Answer:
d.) a cover letter
Explanation:
The best way to show a company/business your interest in the job position is through the cover letter. This is a letter that goes in front of your resume when applying for a job and is where the applicant usually explains who they are and why they want the job. This cover letter is the first thing that the employer will see and should tell them why you want the job and why you are the best choice for that job in order to convince them into interviewing or hiring you.
Discuss two accounting principles that are, in
your opinion, the most important and form the
foundation of modern-day accounting. Explain
the reasons for your choices.
Answer:
Revenue Principle and Cost Principle
Explanation:
Revenue principle defines a point in time when bookkeepers may record a transaction as revenue on the books. This principle states that revenue for the business is earned and recorded at the point of sale.
Cost Principle states that you should use the historical cost of an item in the books, not the resell cost.
Answer:
Matching principle because it is an accounting principle for recording revenues and expenses. It requires that a business records expenses alongside revenues earned.
Disclosure principle because increased transparency in the corporations' operations and management makes it easier for investors to make informed decisions. It also cuts down on the possibility of manipulation or misuse of investors' funds.
Which of the following are considered potential advantages to growth through a business combination?-Quick entry for new and existing products into domestic and foreign markets.-Economies of scale allowing greater efficiency and negotiating power.-Cost savings through elimination of duplicate facilities and staff.
All of the listed options are considered potential advantages to growth through a business combination.
They are:
Quick entry for new and existing products into domestic and foreign markets: Business combinations, such as mergers or acquisitions, can provide a faster and more efficient way to enter new markets or expand existing product lines into domestic and foreign markets. By acquiring an existing company with an established market presence, the acquiring company can leverage their distribution channels, customer base, and market knowledge to quickly introduce products.Economies of scale allowing greater efficiency and negotiating power: Business combinations often result in larger-scale operations, which can lead to economies of scale. By operating at a larger scale, companies can benefit from cost advantages, such as lower production costs, bulk purchasing discounts, and increased bargaining power with suppliers. This can improve overall efficiency and profitability.Cost savings through the elimination of duplicate facilities and staff: When two companies combine, there is an opportunity to eliminate duplicate facilities, operations, and staff. This can lead to cost savings by streamlining operations, reducing overhead expenses, and optimizing resources. Eliminating redundancies can improve overall efficiency and profitability.These advantages are commonly sought after in business combinations as they can contribute to growth, market expansion, cost savings, and improved competitiveness.
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As a sales technique, the customer relationship management (CRM) database
can be created in person or online through professional sites such as LinkedIn™
collects personal customer information after a customer has purchased a product or service
is completed by customers before they can access an online website offer or information
encourages a customer buy a better version of the product they were already planning to buy
As a sales technique, the customer relationship management (CRM) database:- collects personal customer information after a customer has purchased a product or service.
The customer relationship management (CRM) database is a tool used by sales and marketing teams to manage and analyze customer interactions and data throughout the customer lifecycle. It is commonly used to track customer information, such as purchase history, contact information, and preferences, in order to better understand and serve customers.
Option B is the correct answer because a CRM database collects personal customer information after a customer has purchased a product or service. This information is often obtained through customer surveys, loyalty programs, or feedback forms. By collecting this information, businesses can create targeted marketing campaigns which are run by marketing teams , personalize customer interactions, and improve customer satisfaction.
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Which statement is true?
A. a savings savings plan and a budget don’t really have anything to do with each other.
B.it doesn’t do much good to have a savings plan if you don’t know how to budget your money.
Answer:
B. I'm pretty sure pls tell me if I'm wrong
Expliquen la siguiente frase:
El mero crecimiento económico no es suficiente para terminar con la pobreza y preservar el medio ambiente
Answer:
Efectivamente, el mero crecimiento económico no es suficiente para terminar con la pobreza y preservar el medio ambiente, sino que dicho crecimiento debe ir acompañado de un desarrollo estructural que contemple el acceso igualitario a los distintos servicios por parte de la sociedad, así como también el establecimiento de controles sanitarios y medioambientales que preserven el bienestar de los individuos en el marco del desarrollo de las actividades económicas.
What is down payment with regarding to buying a house?
Which monetary policy is expansionary? sales of government securities decreases in the discount rate increases in the federal funds rate increases in the prime rate
The monetary policy is expansionary in decreases in the discount rate. Thus the correct option is B.
What is monetary policy?The Federal Reserve's operations and disclosures are part of monetary policy in the United States and are designed to promote economic growth, moderate inflation, and reasonable long-term borrowing costs.
The main instruments central banks employ to expand monetary policy are reduced bank reserves, an increase in the purchase of government assets, and a decrease in the discount rate which helps in managing economic growth.
Therefore, option B is appropriate.
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PUT MORE THAN ONE ANSWER PLS LIKE PICK MORE THAN ONE!!!!!::
Which of these are ways training programs may be documented. Mark all that apply.
A. Test Scores
B. Records of completion
C. Instructor Evaluations
D. Course Certificates
Answer:
d
Explanation:
When a bank charges a depositor an amount for holding a deposit that is larger than the interest paid on the deposit, this is an example of a/an:
When a bank charges a depositor an amount for holding a deposit that is larger than the interest paid on the deposit, this is an example of a Negative interest rate.
When a bank charges a depositor more for holding a deposit than the interest paid on the deposit, it is referred to as a negative interest rate. In this scenario, the depositor effectively pays the bank for holding their money rather than earning interest on it. Negative interest rates can occur in certain economic situations when central banks implement unconventional monetary policies to stimulate borrowing and spending.
By charging a negative interest rate, banks incentivize depositors to withdraw their funds and stimulate economic activity by investing or spending the money elsewhere. Negative interest rates are intended to encourage lending and discourage saving. While it may seem counterintuitive to pay for holding deposits, it is a strategy employed to stimulate economic growth in specific circumstances.
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The complete question is:
When a bank charges a depositor an amount for holding a deposit that is larger than the interest paid on the deposit, this is an example of a/an:
Real interest rate Positive interest rate Unacceptable interest rate Negative interest rateThe cost of campaigning requires candidates to conduct extensive
activities.
O community service
O fund-raising
O illegal
O campaigning
Answer:
fund-raising
Explanation:
Running for a political office is an expensive affair. The candidate and political party require a lot of money to run a successful campaign. To raise funds needed to conduct campaigns, political parties and candidates organize fundraising activities and events.
Community service and campaigning are good platforms to woe voters but cannot generate funds to run for a political office.
urtain co. paid dividends of $4,000, $7,500, and $8,900 during year 1, year 2, and year 3, respectively. the company had 1,100 shares of 5.5%, $100 par value preferred stock outstanding that paid a cumulative dividend. what is the total amount of dividends paid to common shareholders during year 3? $2,050 $2,250 $6,050 $3,500 none of the above.
The total amount of dividends paid to common shareholders during year 3 will be $600.
What are common shareholders?
An individual, organisation, or institution that has common shares in a firm has a stake in the company and is referred to as a common shareholder. Along with the right to receive common dividend distributions, this will also grant the holder the power to vote on corporate matters including board elections and company policy.
By purchasing at least one share of a company's common stock, a person or other organisation becomes a common shareholder. As long as they continue to possess at least one share, that party is now a partial owner of the business.
Common shareholders are involved in stock price changes, which are dependent on how the market perceives the company's prospects for the future and its operations.
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The following information pertains to Quartet Ltd (Quartet) for its financial year ended 30 June 2021: i. Quartet sells all its products on one-year warranty which covers all types of defects. Previous history indicates that 2% of the products contain major defects whereas 10% have minor defects. It is estimated that if major defects were detected in all the products sold, repair costs of N\$150m would result. If minor defects were detected in a products sold repair costs of N\$70m would result. Total sales for the year amounted too N$830 m ii. Quartet has two large warehouses Windhoek and Katima. These were acquired under non-cancellable lease agreements. Details are as follows: On Account of serious operating difficulties Quartet vacated both the warehouses on 1 January 2021 and moved to the warehouse situated close to its factory. On the same day Quartet sublet Windhoek warehouse at N$250000 per month for the remaining lease period. Warehouse Katima was sublet at N$350000 per month for the remaining lease period. iii. On 18 July 2021, Quartet was sued by an employee claiming damages for N\$6m on account of an injury caused to him due to alleged violation of safety regulations on the part of the company, while he was working on the machine on 15 June 2021. Before filling the suit, he contacted the management on 29 June 2021 and asked for NS4m compensation which was turned down by management. The lawyer of the company anticipates that the court may award compensation between N$1,5 to N$3 m. However, in his view the most probable amount is N\$2m. iv. On 1 November 2020 a new law suit was introduced requiring all factories to install specialized safety equipment within 4 months. The Equipment Costing N$5 m was ordered on 15 December 2020 against 100% advance payment but the supplier delayed installation to 31 July 2021 . On 5 August 2021 the company received a notice from the authorities levying a penalty of N\$0.4m i.e. N\$01m for each month during which the violation continued. Quartet has lodged a claim for recovery of the penalty from the supplier of the equipment.
Warranty Costs: N$150 million for major defects, N$70 million for minor defects.
Warehouse Leases: Windhoek Warehouse sublet at N$250,000/month, Katima Warehouse sublet at N$350,000/month.
i. Warranty Costs:
- Major defects: The estimated repair costs for major defects in all products sold amount to N$150 million.
- Minor defects: The estimated repair costs for minor defects in all products sold amount to N$70 million.
ii. Warehouse Leases:
- Windhoek Warehouse: Quartet vacated the warehouse on 1 January 2021 and sublet it for the remaining lease period at N$250,000 per month.
- Katima Warehouse: Quartet vacated the warehouse on 1 January 2021 and sublet it for the remaining lease period at N$350,000 per month.
iii. Lawsuit:
- Employee Lawsuit: Quartet was sued by an employee for damages of N$6 million due to an alleged safety regulation violation. The employee initially requested N$4 million in compensation, which was rejected by management. The lawyer anticipates a court award between N$1.5 million to N$3 million, with the most probable amount being N$2 million.
iv. Penalty:
- Safety Equipment Penalty: Quartet ordered specialized safety equipment for N$5 million on 15 December 2020, with installation delayed until 31 July 2021. The authorities imposed a penalty of N$0.4 million (N$0.1 million for each month of violation). Quartet has filed a claim against the equipment supplier to recover the penalty.
It's worth noting that the information provided outlines various financial aspects and events related to Quartet Ltd, including warranty costs, warehouse leases, a lawsuit, and a penalty.
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Operating Segments applies to: public companies 11. IV listing entities in the process any entity who voluntarily chooses to apply it II, III and IV only Obil and ill only Under the Select one Ca Permitted for listed companies only b. Not permitted Permitted ermitted with ca d.permitted etho Which of the following is not one of the Four key approaches of accounting development Oa Uniform approach. Ob Microeconomic approach Oc. Profession approach O d. Macroeconomic approach Oe. Independent discipline approach
The option that is not one of the four key approaches of accounting development is the "Macroeconomic approach" (option d).
In the field of accounting, there are several approaches that contribute to the development of accounting principles and practices. These approaches provide different perspectives and considerations when formulating accounting standards and guidelines. The four key approaches of accounting development are as follows:
1. Uniform approach: This approach focuses on developing standardized accounting principles and practices that are applicable to all types of entities. It aims to establish consistent rules and regulations for financial reporting across different industries and jurisdictions.
2. Microeconomic approach: This approach takes into account the specific needs and characteristics of individual entities or industries. It considers factors such as market conditions, industry practices, and the economic environment to develop accounting standards that are tailored to the unique circumstances of each entity.
3. Professional approach: This approach emphasizes the role of professional bodies and expert opinions in the development of accounting principles. It involves input and guidance from accounting professionals, industry experts, and regulatory bodies to ensure that accounting standards reflect the best practices and expertise of the accounting profession.
4. Independent discipline approach: This approach views accounting as an independent academic discipline. It focuses on research, empirical evidence, and theoretical frameworks to advance the understanding of accounting principles and practices. It emphasizes the importance of rigorous analysis and scientific methods in shaping accounting standards.
Therefore, the "Macroeconomic approach" is not one of the key approaches of accounting development.
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Which of the following is not one of the Four key approaches of accounting development
Oa Uniform approach.
Ob Microeconomic approach
Oc. Profession approach
O d. Macroeconomic approach Oe. Independent discipline approach
We are interest rate compounded annually beginning balance 1000 annual interest rate 8% what will your ending balance be after one year
Answer:
1080
Explanation:
Compound interest involves the reinvesting of interest.
The formula for compound interest is given by:
\(A=P(1+\frac{r}{n} )^{nt}\)
Where P is the principal (i.e the beginning balance),
r is the rate,
n is the number of times it is compounded,
t is the number of years
A is the ending balance.
Given that P = 1000, r = 8% = 0.08, t =1 years and it is compounded annually (i.e n = 1).
Substituting values into the formula and calculating gives:
\(A=P(1+\frac{r}{n} )^{nt}\\A=1000(1+\frac{0.08}{1} )^{1*1}\\A= 1000(1+0.08)=1000(1.08)\\A=1080\)
Describe the three different ways the argument section of a cover letter can be formatted.
Answer:
i think they are personal, formal and informal
Explanation:
im not sure but i think thats it
The three different ways for formatting the argument section of a cover letter are paragraphs, bullet points, and T-form.
The formal paragraph format uses the block paragraphs ideal for a business letter, wherein the argument of the cover letter is presented in the second and third paragraphs in complete sentences.
The bullet points format lists the argument of the cover letter as bulleted points instead of in paragraph form. Using bullet points focuses on the applicant's qualifications, making them attractive to the reader.
Lastly, the argument section of the cover letter can be presented in a T-form. This format enables the applicant to compare the requirements of the vacancy notice with their qualifications.
Thus, the argument section of a cover letter can be formatted uniquely, depending on the occasion and the reader.
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Zang Co. manufacturers its products in a continuous process involving two departments, Machining and Assembly. Present entries to record the following selected transactions related to production during June:
For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".
a. Materials purchased on account, $180,000.
b. Materials requisitioned by: Machining, $73,000 direct and $9,000 indirect materials; Assembly, $4,900 indirect materials.
c. Direct labor used by Machining, $23,000, Assembly, $47,000.
d. Depreciation expenses: Machining, $4,500; Assembly, $7,800.
e. Factory overhead applied: Machining, $9,700; Assembly, $11,300.
f. Machining Department transferred $98,300 to Assembly Department; Assembly Department transferred $83,400 to finished goods.
g. Sold goods on account, $100,000. Cost of goods sold, $68,000
Answer and Explanation:
The Journal entry is shown below:-
a. Material Inventory Dr, $180,000
To Accounts Payable $180,000
(Being Material Purchased is recorded)
b. Work in progress Machining Dept. Dr, $73,000
Manufacturing Overheads Machining Dept. Dr, $9,000
Manufacturing Overheads Assembly Dept. Dr, $4,900
To Material Inventory $86,900
(Being Material issued to department is recorded)
c. Work in progress Machining Dept. Dr, $23,000
Work in progress Assembly Dept. $47,000
To Wages Payable $70,000
(Being Direct Labor used is recorded)
d. Manufacturing Overheads Machining Dept. Dr, $4,500
Man. Overheads Assembly Dept. Dr, $7,800
To Depreciation Expense $12,300
(Being Depreciation allocated is recorded)
e. Work in progress Machining Dept. Dr, $9,700
Work in progress Assembly Dept. Dr, $11,300
To Manufacturing Overheads Machining Dept. $9,700
To Manufacturing Overheads Assembly Dept. $11,300
(Being Factory overheads applied is recorded)
f. Work in progress Assembly Dept. Dr, $98,300
To Work in progress Machining Dept. $98,300
(Being WIP Transferred is recorded)
Finished Goods Inventory Dr, $83,400
To Work in progress Assembly Dept. $83,400
(Being Finished goods transferred is recorded)
g. Accounts Receivables Dr, $100,000
To Sales $100,000
(Being Goods sold on account is recorded)
Cost of Goods sold Dr, $68,000
To Finished Goods Inventory $68,000
(Being Goods sold is recorded)
Design 1: Flat Solar Panels
A field of flat solar panels angled to best catch the sun will yield 2.6 MW of power and will cost $87million initially with first-year operating costs at $2million, growing $250,000 annually. It will produce electricity worth $6.9 million the first year and will increase by 8% each year thereafter.
Design 2: Mechanized Solar Panels
A field of mechanized solar panels rotates from sideto side so that they are always positioned parallel to the suns rays, maximizing the production of electricity. This design will yield 3.1 MW of power andwill cost $101 million initially with first-year operating costs at $2.3 million, growing $300,000 annually. It will produce electricity worth $8.8 million the first year and will increase 8% each year thereafter.
Design 3: Solar Collector Field
This design uses a field of mirrors to focus the suns rays onto a boiler mounted in a tower. The boiler then produces steam and generates electricity the same way a coal fired plant operates. This systemwill yield 3.3 MW of power and will cost $91 million initially with first-year operating costs at $3 million, growing $350,000 annually. It will produce electricity worth $9.7 million the first year and will increase 8% each year thereafter.
The following is a description of a typical day in the life of a MARRIOR. 1st Design The initial cost is $87 million. Yearly earnings: $6.9 million 8% annual income growth rate .
Yearly operational costs: $2 million, increasing at a rate of $250,000 per year. $6.9 million - $2 million - ($87 million / 25) annual cash flow - ($2,000,000 - $250,000) = $2.54,000,000 $2.54 million * (1 - 1/(1+10%)25) / 10% = $19.63 million PW of cash flow Design 2 The initial cost is $101 million. Yearly earnings: $8.8 million 8% annual income growth rate Yearly operational costs: $2.3 million, increasing by $300,000 each year. Yearly cash flow = $4.22 million = $8.8 million - $2.3 million - ($101 million / 25) - ($2.3 million - $300,000) Cash flow profit: $4.22 million * (1 - 1/(1+10%)25) / 10% = $32.66 million Design 3: Original cost: $91 million\sAnnual $9.7 million in earnings 8% annual income growth rate Yearly running costs: $3 million, increasing at a rate of $350,000 per year. Yearly cash flow = $5.13 million = $9.7 million - $3 million - ($91 million / 25) - ($3 million - $350,000) Cash flow profit: $5.13 million * (1 - 1/(1+10%)25) / 10% = $39.59 million Design 3 has the highest current worth based on the PW analysis and would be the recommended design. Design 2 is the second best alternative, with the lowest present value.
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determining if the financial instruments included in the schedule of investment activity at year-end are stated at appropriate amounts in accordance with accounting standards is the balance-related audit objective of
The balance-related audit aim of realisable value is to ascertain if the financial instruments listed on the schedule of investment activity at year-end are reported at acceptable amounts in line with accounting rules.
According to AS 4, assets and liabilities must be adjusted for events that occur after the balance sheet date and give new information that materially affects the amounts related to the conditions at the time of the balance statement.
Therefore, when identifying contingencies and calculating the amounts at which such contingencies are included in financial statements, events that occur after the balance sheet date that suggest that an asset may have been impaired or that a liability may have existed at the balance sheet date are taken into account.
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The economy of texas grew rapidly in the 1990s and was.
In the 1990s, the economy of Texas saw massive growth which was based on a diversified model.
Economy of Texas Quite diversified Major sectors range from energy production to mining and service production.A lot of the growth in Texan economy was seen in the 1990s and this led to more people moving to Texas and a heavy investment in the state. This led to Texas having the huge economy it has now.
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Steps in growing a good business?
A.) Rush everything and spend everything.
B.) Save up but work half way.
C.) Become a Good leader and work and save up.