Answer:
A. 2007Explanation:
Hope this is helpful
Answer: 2007
Explanation:
Kushman Industries has $40,000 of ending finished goods inventory. If beginning finished goods inventory was $20,000 and cost of goods sold was $80,000, how much would Kushman report for cost of goods manufactured
Answer:
$100,000= cost of goods manufactured
Explanation:
Giving the following information:
Kushman Industries has $40,000 of ending finished goods inventory.
Beginning finished goods inventory was $20,000
Cost of goods sold was $80,000
To calculate the cost of goods manufactured, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
80,000 = 20,000 + cost of goods manufactured - 40,000
$100,000= cost of goods manufactured
Jack is a self-employed contractor. He uses his Ford F250 in his business. He does not have another vehicle for personal use. He wants to
claim the standard mileage rate for the business use of his pick-up. To do so he must keep records of the following, except:
Choose one answer a. Total mileage during the year
b. Cost of insurance for the pick-up.
c. Business mileage during the year
d. Commuting mileage during the year
For Jack to claim the standard mileage rate for the business use of his pick-up, he is not expected to keep the records of b. Cost of insurance for the pick-up.
Instead, Jack must record the total, business, and commuting mileage for the year. He does not need to record the cost of insurance to claim the standard mileage rate.
Thus, Jack can claim the standard mileage rate for the business use of his pick-up without the record of the cost of insurance.
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Problems that may occur in a business due to lack of bureaucracy
Answer:
Bureaucracy helps to form a rigid organisation.
Explanation:
Any corporation needs formal as well as informal work groups in the organisation for a corporation to achieve its targets it will need the presence of a bureaucratic approach.
bureaucracy in the organisation is to increase the level of formality,
better communication among the colleagues
as well as increase overall productivity.
The following transactions occurred during March 2013 for the Wainwright Corporation. The company owns and operates a wholesale warehouse.
1. Issued 30,000 shares of common stock in exchange for $300,000 in cash.
2.
Purchased equipment at a cost of $40,000. $10,000 cash was paid and a note payable was signed for the balance owed.
3. Purchased inventory on account at a cost of $90,000. The company uses the perpetual inventory system.
4. Credit sales for the month totaled $120,000. The cost of the goods sold was $70,000.
5. Paid $5,000 in rent on the warehouse building for the month of March.
6.
Paid $6,000 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2013.
7. Paid $70,000 on account for the merchandise purchased in 3.
8. Collected $55,000 from customers on account.
9. Recorded depreciation expense of $1,000 for the month on the equipment.
Required:
Analyze each transaction and show the effect of each on the accounting equation for a corporation. (Amounts to be deducted should be indicated by a minus sign. Enter the net change on the accounting equation.)
ASSETS = Liabilities + Paid-in Capital + Retained Earnings
1
2
3
4
5
6
7
8
9
Answer:
Wainwright Corporation
ASSETS = Liabilities + Paid-in Capital + Retained Earnings
1 . Assets (Cash) increase $30,000 = Liabilities + Paid-in Capital increase $30,000 + Retained Earnings
2 . Assets (Equipment) increase $40,000 and (Cash) decrease -$10,000 = Liabilities increase $30,000 + Paid-in Capital + Retained Earnings
3 . Assets (Inventory) increase $90,000 = Liabilities (Notes Payable) increase $90,000 + Paid-in Capital + Retained Earnings
4 . Assets (Inventory) decrease -$70,000 + (Accounts Receivable) increase $120,000 = Liabilities + Paid-in Capital + Retained Earnings increase $50,000
5 . Assets (Cash) decrease -$5,000 + (Insurance Prepaid) increase $5,000= Liabilities + Paid-in Capital + Retained Earnings
6 . Assets (Cash) decrease -$6,000 = Liabilities + Paid-in Capital + Retained Earnings -$6,000
7. Assets (Cash) decrease -$70,000 = Liabilities (Accounts Payable) decrease -$70,000 = Paid-in Capital + Retained Earnings
8 . Assets (Cash) increase $55,000 and decrease (Accounts Receivable) -$55,000 = Liabilities + Paid-in Capital + Retained Earnings
9. Assets (Equipment) decrease -$1,000 = Liabilities + Paid-in Capital + Retained Earnings decrease -$1,000.
Explanation:
a) The accounting equation states that Assets are equal to Liabilities Plus Paid-in Capital Plus Retained Earnings. This equation is very important in accounting as it keeps the two sides of the balance sheet in balance. The equation shows that assets are funded by liabilities or equity or profits from operation.
b) When common stock is issued for cash, Assets increase and Paid-in Capital increase.
c) The purchase of equipment increases Assets by $40,000 and decreases Assets by $10,000 (for cash payment) and increases Liabilities by $30,000 as note payable.
d) Assets increase by $90,000 with inventory purchased on account and Liabilities (Accounts Receivable) increases by the same amount.
e) Payments for Rent for March will decrease Assets (Cash) and decrease Retained Earnings.
f) The Insurance cost of $6,000 paid in advance will decrease Assets (Cash) and increase Assets (Insurance Prepaid) without affecting the other side of the equation.
g) Depreciation expense also decreases Assets (Equipment) and decreases the Retained Earnings by $1,000 respectively.
Select all the correct answers.
Ray has six hours before he goes to bed on a school night. He plans to spend an hour surfing the Internet, two hours playing his favorite
game, two hours watching TV, and one hour doing his homework. However, some of the math problems in his homework are extremely
difficult, and it will take him more than two hours to finish them. He knows his teacher won't give him any credit for the work unless it's
completely finished, and it's Important that he get good grade in the class. Which of these options for dealing with this situation are a
trade-off of Ray's time?
O He will spend only one hour on homework and leave out what he can't finish.
D He will spend one extra hour on homework and give up watching TV.
0
He will finish his homework while he is watching TV.
O He will play his favorite game for one hour and do homework for two hours.
0
He will ask his brother to help him with his homework.
Answer:
the answer is c.) he will play his favorite game for one hour and do his homework for two hours
Differentiate foreign investment from the types of aid provided by the UNDP and world bank, citing specific examples of aid from both.
Foreign investment is in domestic companies and assets in another country and made by foreign investors like your participation (ownership stakes) in firm. The types of aid provided by the World Bank are funding, policy advice and technical assistance to developing country governments.
What are foreign investments and their types?A foreign investment is an investment by a foreign investor in a domestic company or property in another country. Large multinationals will look for new opportunities for economic growth by opening branches and expanding investments in other countries.
Types of Foreign Investment in India: Foreign funds can be invested in equity, real estate, ownership/management, or cooperation. Foreign Direct Investment (FDI) Foreign Portfolio Investment (FPI). Foreign Institutional Investment (FII)
What is an example of foreign investment?A major Australian mining company buys a small Angolan company in order to diversify. Both are examples of foreign direct investment, where the business decision to become involved in some way or to have an interest in a company is made by an investor based outside the border.
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For the year ending August 31, Solstice Medical Co. mistakenly omitted adjusting entries for (1) depreciation of $8,400, (2) fees earned that were not billed of $64,400, and (3) accrued wages of $10,600. Indicate the effect of the errors on (a) revenues, (b) expenses, and (c) net income for the year ended August 31.
Answer:
Solstice Medical Co.
For the year ended August 31:
Effects of Omissions on (a) revenues (b) expenses (c) net income
(1) depreciation of $8,400 ($8,400)
(2) fees earned not billed $64,400 64,400
(3) accrued wages of $10,600 (10,600)
Net effect +$64,400 +$19,000 +$45,400
Explanation:
a) Data and Analysis of Omitted Adjusting Entries:
(1) depreciation of $8,400: increase expenses and reduce net income
(2) fees earned that were not billed of $64,400: increase revenue and net income
(3) accrued wages of $10,600: increase expenses and reduce net income
Dogtopia sells pet supplies and food and handles all sales with a cash register. The cash register displays the amount of the sale. It also shows the cash received and any change returned to the customer. The register also produces a customer receipt but keeps no internal record of the transactions. At the end of the day, the clerk counts the cash in the register and gives it to the cashier for deposit in the company bank account. Requirements 1. Identify the internal control weakness over cash receipts. 2. What could you do to correct the weakness? Requirement 1. Identify the internal control weakness over cash receipts.
Answer:
Answers are explained below
Explanation:
Required: Weaknesses and Controls for them.
Solution
Weakness
1. No internal record of the transactions.
2. At the end of the day, the clerk counts the cash in the register.
Control
1. There should be an internal record for the transaction because it is required by the accounting department to make entries in journals.
2. As cash is a very sensible asset for the business it should be counted by manager and should be compared by the cash register.
Describe: Entrepreneurship and small businesses.
It is the process by which a new business is designed, launched, and operated, generally in the form of a small business that aims to grow into a larger business.
Description of small business:A business that is classified as a small business is one that is owned and operated by one or a small group of individuals on a limited scale.
Hope this helps :)
Which educational institutions typically cost the most to attend?
Ovocational schools
O community colleges
Opublic universities
Oprivate colleges
The educational institutions typically cost the most to attend private colleges.
What does the term "educational institution" mean?Institutions that offer instruction to individuals or services associated with education to individuals and other educational institutions are referred to as educational institutions.
A location where people of all ages can receive an education is referred to as an educational institution. This includes preschools, child care facilities, primary and elementary schools, secondary and high schools, and universities. They offer a wide range of learning settings and workspaces.
Therefore, option D is correct.
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Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy:Direct materials: 6 microns per toy at $1.50 per micron Direct labor: 1.3 hours per toy at $21 per hourDuring July, the company produced 3,000 Maze toys. Production data for the month on the toy follow:Direct materials: 25,000 microns were purchased at a cost of $1.48 per micron. 5,000 of these microns were still in inventory at the end of the month.Direct labor: 4,000 direct labor-hours were worked at a cost of $88,000.Required: 1. Compute the following variances for July:a. The materials price and quantity variances.b. The labor rate and efficiency variances.
Answer:
1. a. The materials price and quantity variances
Material price variance: Standard cost per micron is $1.50 and actual cost per micron is $1.48. So, price variance is 1.48 - 1.5 = $(0.02) per micron
Quantity variance: Based on standard bill of material, Dawson Toys need 3,000 x 6 = 18,000 microns to produce 3,000 Maze toys. Actual consumption volume is 25,000 - 5,000 = 20,000 microns. So, quantity variance is 20,000 - 18,000 = 2,000 microns.
1. b. The labor rate and efficiency variances
Actual labor rate = Actual labor cost / Actual hour = 88,000/4,000 = $22 per hour.
Efficiency variance = Actual labor rate - Standard labor rate = 22 - 21 = $1 per hour.
2. Prepare a brief explanation of the possible causes of each variance.
Direct material cost variance: Total actual material cost is 20,000 x 1.48 = $29,600, higher than standard material cost of 18,000 x 1.5 = $27,000. This is mainly due to higher production waste as compared to standards.
Direct labor cost variance: Total actual labor cost is $88,000, higher than standard labor cost of 4,000 x 21 = $84,000. This is mainly due to lower labor rate per hour than expected.
Explanation:
Expanding a business
will ultimately lead to more revenue.
Answer:
Expansion might involve adding employees and franchises, increasing your marketing efforts, forming an alliance, offering new products or services, merging with or acquiring another business, or expanding online.
Explanation:
Discuss three typical categories of performance measurement that are commonly used for evaluation in the scorecard.
Answer:
The four dimensions of performance that are considered in a balanced scorecard are financial, customer, internal process, and learning and growth.A balanced scorecard will include qualitative and quantitative measures.Stakeholders cannot include stockholders.Explanation:
hope it helpss!!
Given the following cost function: TC = 1500 + 15Q – 6Q 2 + Q3 i. Determine the total fixed cost for producing 1000 units of output and 500 units of output.
Explanation:
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The total fixed cost for producing 1000 units of output and 500 units of output is 1,500.
Given that,
The cost function is TC = 1500 + 15Q – 6Q 2 + Q3i.Based on the above information, the calculation is as follows:
The total fixed cost should remain the same whether the production is changed or not.
So here the fixed cost should be 1,500 in both the cases.
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In 2014, there were about 7 billion cell phone subscribers in the world. During the next 5 years, the number of cell phone subscribers increased by about 3% each year.
There were approximately 8.17 billion cell phone subscribers in the world in 2019
To calculate the number of cell phone subscribers in the world in 2019, we need to find the total increase in the number of subscribers over the five-year period, and add it to the initial number of subscribers in 2014.
First, let's calculate the increase in the number of subscribers each year:
Year 1: 7 billion x 0.03 = 210 million
Year 2: (7 billion + 210 million) x 0.03 = 221.7 million
Year 3: (7 billion + 210 million + 221.7 million) x 0.03 = 233.51 million
Year 4: (7 billion + 210 million + 221.7 million + 233.51 million) x 0.03 = 245.85 million
Year 5: (7 billion + 210 million + 221.7 million + 233.51 million + 245.85 million) x 0.03 = 258.76 million
Now we can add up the total increase over the five-year period:
210 million + 221.7 million + 233.51 million + 245.85 million + 258.76 million = 1.16982 billion
Finally, we can add this total to the initial number of subscribers in 2014:
7 billion + 1.16982 billion = 8.16982 billion
Therefore, there were approximately 8.17 billion cell phone subscribers in the world in 2019
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Full Question: "In 2014, there were about 7 billion cell phone subscribers in the world. During the next 5 years, the number of cell phone subscribers increased by about 3% each year. How many cell phone subscribers were there in the world in 2019?"
Q1. A manufacturing firm has discontinued production of a certain unprofitable product
line. This created considerable excess production capacity. Management is considering to
devote this excess capacity to one or more of three product 1,2 and 3. The available capacity
on the machines which might limit output are given below:
Machine type Available time
(in machine hours per week)
Milling
machine
250
Lathe 150
Grinder 50
The number of machine hours required for each units of the respective product is given
below;
Machine type Productivity (in machine hours/unit)
Product 1 Product 2 Product 3
Milling 8 2 3
Lathe 4 3 0
Grinder 2 0 1
The unit profit would be 20 birr, 6 birr and 8 birr for products 1,2 and 3. Find how much of
each product the firm should produce in order to maximise profit ? Solve the problem by
simplex method.
The simplex method is a linear programming technique used to find the maximum value of a linear objective function subject to constraints represented by linear equations or inequalities.
How do we use this method?Here's how you can solve this problem using the simplex method:
Formulate the problem as a linear program:
The objective is to maximize the total profit, which is given by 20x1 + 6x2 + 8x3, where x1, x2, and x3 are the number of units of products 1, 2, and 3, respectively. The constraints are the available machine time, which are:
8x1 + 4x2 + 2x3 <= 250 (milling machine)
3x1 + 3x2 <= 150 (lathe)
x3 <= 50 (grinder)
Create a simplex tableau:
The simplex tableau is a matrix used to keep track of the variables and the coefficients of the objective function and the constraints. The first row of the tableau is the objective function, the rest of the rows are the constraints. The last column is called the "result" column and contains the values of the variables and the objective function.
Choose a basic variable:
In the first iteration, we will choose x1 as the basic variable, since it is the only non-negative variable in the objective function. We will write x1 in terms of x2 and x3 using the first constraint:
x1 = (250 - 4x2 - 2x3)/8
Update the simplex tableau:
Substitute x1 in the objective function and in the rest of the constraints:
20 * (250 - 4x2 - 2x3)/8 + 6x2 + 8x3
3x2 <= 150
x3 <= 50
Check for optimality:
Check if all the coefficients in the objective function are non-negative. If so, the current solution is optimal and the problem is solved. If not, choose the next basic variable and repeat steps 3 and 4.
Repeat steps 3 to 5 until optimality is reached:
In the second iteration, we will choose x2 as the basic variable. Substitute x2 in the objective function and in the rest of the constraints, and check for optimality. Repeat this process until the coefficients in the objective function are non-negative, indicating that the solution is optimal.
The final solution will give the number of units of each product that the firm should produce in order to maximize profit.
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Please describe an effective leadership style
Business leaders can improve employee engagement and satisfaction, stimulate creativity and productivity, and ultimately accomplish the aims and objectives of the organization by using a transformational leadership style.
What is transformational leadership style?A leadership style known as transformational leadership focuses on inspiring and encouraging followers to produce amazing achievements that go above and beyond what they had anticipated. By establishing a vision and uniting people around it, it is a leadership strategy that aims to transform both people and organizations. The skill of inspiring and motivating others to accomplish at their highest level and realize their full potential is a trait of transformational leaders.
Transformational leaders are able to express their compelling future vision in a way that inspires and motivates others. They are endowed with charisma and the capacity to enthrall and sway their audience.
Setting high standards and pushing their followers to go beyond their own boundaries are two ways that transformational leaders inspire and encourage their followers.
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The complete question is:
Please describe an effective leadership style in a business
Pro-forma FY+1 EPS for Amazon Inc. is expected to be: Review Later $45.71 $36.77 $50.00 $130.33
Option B. The Pro-forma FY+1 EPS for Amazon Inc. is expected to be 36.77 based on the calculation.
How to solve for the Pro-forma FY+1 EPSThe normalized net earnings = $23688
normalized net earnings of snap = -581
proforma adjustment = - 3134
Total proforma earning = 19973
Next we have to solve for the cost of acquisition
shares of snap * price of snap * (1 + premium)
= 1734 * 44.29 (1 + 20%)
cost of acquisition = $92158.63
Next is the cost financed by equity
= $92158.63 * 80 percent
= 73726.91 dollars
Next is to solve for the new price of the equity issue
= 3099.4 * (1 - 50%)
= 2944.43 dollars
Next is the number of new shares 73726.91 dollars / 2944.43
= 25.04
Total share after acquisition
shares outstanding + new shares
= 518 + 25.04
= 543.04
The EPS would be the next to solve for
this is gotten by the formula
total proforma / number of shares
= 19973 / 543.04
= 36.78
Hence the Pro-forma FY+1 EPS is going to be: $36.77
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complete question: check attachment
In Arizona, a tenant on a lease
In Arizona, a tenant on a lease has specific rights and responsibilities as governed by the Arizona Residential Landlord and Tenant Act.
When you enter into a lease agreement, you are entering into a legally binding contract with the landlord, and it's important to understand your rights and obligations.
As a tenant on a lease in Arizona, you have the right to a habitable dwelling. This means that the landlord is responsible for maintaining the rental property in a safe and livable condition, including necessary repairs, plumbing, heating, and electrical systems.
You also have the right to privacy. The landlord must provide reasonable notice before entering your rental unit, except in emergency situations. They cannot enter the premises without your permission or harass you.
Your responsibilities as a tenant include paying rent on time and in full according to the terms of the lease agreement. You are expected to keep the rental unit clean and undamaged, and to use it in a reasonable manner. Any damages caused by your negligence may be deducted from your security deposit.
If you encounter any issues or disputes with the landlord, it is recommended to document the problem in writing and notify the landlord promptly. You may also consider seeking legal advice or contacting the Arizona Residential Landlord and Tenant Act's enforcement agency for further assistance.
Remember to carefully review your lease agreement before signing it and seek clarification on any unclear provisions. Understanding your rights and responsibilities as a tenant on a lease in Arizona is essential for a smooth and lawful tenancy.
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Entrepreneurship can be very challenging. Which is not a typical challenge of being an entrepreneur?
Answer:
Financial reward is not a typical challenge
Explanation:
HELP PLS
Which of the following is a explain a job responsibility for an engineer in a manufacturing plant.
A: Creating product designs
B: inspecting products
C: repairing machinery
D: supervising mechanics
Answer:
The answer is AExplanation:
I know my answer is very late but imp leaving this here for whoever needs it. Engineers make the actual machinery designs and test them. Therefore the answer is A. If my answer is incorrect I am sorry.
On December 31, 2021, Campbell obtained a loan for $650 and used the proceeds, along with the transfer of 35 shares of its $10 par value common stock, in exchange for all of Newton’s common stock. At the time of the transaction, Campbell’s common stock had a fair value of $40 per share.In connection with the business combination, Campbell paid $25 to a broker for arranging the transaction and $30 in stock issuance costs. At the time of the transaction, Newton’s equipment was actually worth $1,450 but its buildings were only valued at $590.Compute the consolidated equipment (net) account at December 31, 2021.
The consolidated common stock account at December 31 is $1,430
Using this formula
December 31 Consolidated common stock account=Common Stock + Stock Issued par value
Let plug in the formula
December 31 Consolidated common stock account=$1,080+($10 × 35 shares)
December 31 Consolidated common stock account= $1,080 + $350
December 31 Consolidated common stock account= $1,430
Inconclusion The consolidated common stock account at December 31 is $1,430
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Yield premiums on bonds backed by pools of consumer debt have edged consistently higher this year, reflecting perceptions of rising risk. Junior bonds made of bundles of subprime car loans, for example, now offer investors ______ percentage points’ extra yield over comparable Treasury notes, up from 2.41 percentage points at the start of the year, according to JPMorganLinks to an external site. data. Pricing for other kinds of consumer-debt investments shows a similar trend.
Investors in junior bonds made of bundles of subprime car loans are now demanding 4 percentage points of extra yield over comparable Treasury notes. This is up from 2.41 percentage points at the start of the year, according to JPMorgan data.
How to explain the informationThis is a reflection of rising risk perceptions in the market. Investors are concerned that the rising cost of living and the possibility of a recession could lead to more defaults on consumer loans.
Pricing for other kinds of consumer-debt investments shows a similar trend. For example, the yield premium on bonds backed by credit card debt has risen to 2.95 percentage points from 2.21 percentage points at the start of the year.
The rising yield premiums on consumer debt bonds reflect the fact that investors are demanding a higher risk premium for these investments. This is a sign that investors are becoming more cautious about the risks associated with consumer debt.
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What problems do you think might arise in extreme programming teams where many management decisions are devolved to the team members
a document format is : ap3x
A. a small mark at the end of each line of a type character
B. a complete set of letters, numbers, and symbols having the same style
C. the shape, size, design, and arrangement of its physical elements
D. alignment of a block of text from top to bottom on the left, right, or both
Answer:is D
Explanation:
The shape,size,design,and arrangement of its physical elements
What is Universal Perspective
Answer:
1 of, relating to, or typical of the whole of mankind or of nature. 2 common to, involving, or proceeding from all in a particular group. 3 applicable to or affecting many individuals, conditions, or cases; general. 4 existing or prevailing everywhere.
29. Economics is based on
a. abundance
b. scarcity
c. laborers
3.
Calculate the ceiling price.
Question 3 of 29.
Given the following information, calculate the ceiling price: Point of Total Assumption (PTA)-$73.97; target cost-$58.44; government share ratio= 72/28; target price = $70;
$132.41
O $81.18
O $58.82
O $85.53
Mark for follow up
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The ceiling price based on the information given is B $81.18. Therefore, the correct option is B.
How to explain the informationCeiling price refers to the maximum price that can be legally charged for a product or service. It is often set by government authorities or regulatory bodies to protect consumers from excessive pricing or to control inflation. The ceiling price acts as a price cap, preventing sellers from charging prices above the specified limit.
Ceiling prices are typically implemented during emergencies, crises, or in industries where there is a lack of competition.
Ceiling Price = PTA + (Target Price - PTA) x Government Share Ratio
Plugging in the given values, we get:
Ceiling Price = $73.97 + ($70 - $73.97) x 72/28
= $81.18
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Recommended methods to protect yourself from identity
theft and fraud include____
A. Placing a credit freeze with the credit bureaus is the correct answer.
Answer:
A. Placing a credit freeze with the credit bureaus is the correct answer.
Explanation:
mark please
Isabel, a human resources assistant, wants to conduct safety training for employees. So, she's creating a graphic to inform employees about the
location of fire extinguishers, emergency exits, and fire alarms on each floor of the building. Which type of graphic is best for Isabel to use?
A map
B. table
C. scatterplot
D. circle graph
Answer:
I think its C if it's not then sorry
Answer:
map?
Explanation:
because it says location