The absorption costing net operating income for Year 1 is 323,600, for Year 2 is 362,300, and for Year 3 is 404,800.
Jorgansen Lighting Inc., a company that manufactures heavy-duty street lighting systems for municipalities, uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government.
To calculate each year's absorption costing net operating income, we need to use the following formula:
Absorption Costing Net Operating Income = Fixed Manufacturing Overhead per unit x Units Produced + Variable Cost of Goods Sold - Fixed Selling and Administrative Expenses
Year 1
Number of units produced = 210 - 150
= 60
Absorption Costing Net Operating Income = 560 x 60 + 290,000
= 323,600
Year 2
Number of units produced = 150 + 190 / 2
= 170
Absorption Costing Net Operating Income = 560 x 170 + 269,000
= 362,300
Year 3
Number of units produced = 190 + 230 / 2
= 255
Absorption Costing Net Operating Income = 560 x 255 + 250,000
= 404,800
Therefore, the absorption costing net operating income for Year 1 is 323,600, for Year 2 is 362,300, and for Year 3 is 404,800.
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Which of the following procedures would ordinarily be expected to best reveal improper cutoff of sales at the balance sheet date?A. Trace payments received subsequent to the balance sheet date.B. Send accounts receivable confirmation requests.C. Compare shipping documents with sales records.D. Apply gross profit rates to inventory disposed of during the period.
C. Compare shipping documents with sales records is the procedure that would ordinarily be expected to best reveal improper cutoff of sales at the balance sheet date.
Improper cutoff of sales occurs when sales transactions are recorded in the wrong accounting period, typically resulting in an overstatement or understatement of revenue and accounts receivable.
By comparing shipping documents with sales records, auditors can verify that sales were actually made in the period being audited and were properly recorded in the accounting system.
This procedure can help identify any sales transactions that may have been recorded in the wrong period, which can then be corrected to ensure accurate financial reporting.
The other options presented are also useful procedures for detecting financial misstatements, but they are not specifically designed to detect improper cutoff of sales.
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fox autos is known for its affordable and reliable brand of consumer vehicles. because its shareholders expect to see an improved rate of growth in the coming years, fox's executives have decided to diversify the company's range of products so that at least 35 percent of the firm's revenue is generated by new business units. however, the company's resources, capabilities, and competencies are limited to producing other forms of motorized vehicles, such as motorcycles and all-terrain vehicles (atvs). which type of corporate diversification strategy should fox pursue?
Concentric diversification tries to market new items in industries that the company already operates in and that are connected. The objective is the same, but the format is different.
The hamburgers that include toys in their packets serve as an illustration of this. It is a product unrelated to food, but it also more successfully draws a certain demographic of customers. In this instance, the clients are young people. The business that adopts a vertical diversification strategy.
Bets on the development of goods that it previously purchased on the market. It happens, for instance, when a commercial distribution company decides to expand into manufacturing. You can discuss backward integration when retailer integrates with the manufacturer or forward integration, depending.
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accountants who work at the corporate headquarters of a large department store chain use state-of-the-art systems to create financial statements every day, but the interpretation and analysis of those statements can take several hours. the accounting department consists of financial, managerial, and tax accountants. one advantage of departmentalizing the accountants is:
The major advantage of departmentalizing the accountant is because its ensure maximum efficiency since employees could coordinate work within the department function.
Simply put, the term "Departmentalization" refers the process of grouping activities or function into section under the same department.
For instance, every company have an accounting department. The process of sub-grouping the accounting department into legal compliance or financial control, Reports and financial statements, Budgeting etc is known as departmentalization.
The process of Departmentalization has numerous advantages but one particular advantage is that employees with similar expertise can coordinate the work between themselves to achieve efficiency.
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When comparing a Variable Rate Demand Obligation (VRDO) to an Auction Rate Security (ARS), which statement is FALSE?
Answer:
Both have tender options.
Explanation:
Variable rate demand obligation and Auction rate securities both are long term bonds which have interest rate that reset weekly or monthly. This advantages the issuer with lower short term rates despite of long term security. Both of these securities are subject to credit risk of the issuer and they are marketed by broker dealers.
Mining Companies have a major role to play in facilitating and promoting the culture of equality and therefore eliminating Gender based violence from the workplace and communities that host/ border mining project developments. a) What are some of the reasons that you believe gender based violence has become so prevalent on mining sites and in surrounding communities. (5 marks) b) During the screening phase of an EIA project in Guyana concerns were raised by villagers in the area about "Increased incidences of sexual exploitation of indigenous women and young girls by people who have come into the communities to work for the company."
Gender-based violence has become prevalent on mining sites and in surrounding communities due to a combination of factors such as male-dominated work environments, social and economic inequalities, lack of awareness and education, limited access to support services, and a culture of impunity.
Gender-based violence on mining sites and in surrounding communities can be attributed to several reasons. Firstly, the mining industry is historically male-dominated, with a significant gender imbalance in the workforce. This power dynamic can perpetuate harmful attitudes and behaviors towards women, leading to increased incidents of violence.
Secondly, mining projects often bring rapid social and economic changes to communities, resulting in unequal power dynamics and social tensions. These changes can disrupt traditional gender roles and exacerbate existing gender inequalities, making women and girls more vulnerable to violence.
Thirdly, the lack of awareness and education about gender issues and violence prevention contributes to the prevalence of gender-based violence. Limited knowledge about consent, healthy relationships, and gender equality can perpetuate harmful norms and behaviors.
Furthermore, the remote locations of many mining sites can limit access to support services and justice systems. This lack of resources and infrastructure can prevent survivors from seeking help and perpetrators from being held accountable, perpetuating a culture of impunity.
Lastly, the overall culture and norms within the mining industry and surrounding communities play a significant role. If there is a lack of commitment from mining companies to prioritize gender equality, enforce policies against violence, and promote a safe and inclusive work environment, it can contribute to the prevalence of gender-based violence.
In conclusion, gender-based violence on mining sites and in surrounding communities is a complex issue influenced by multiple factors. Addressing this problem requires a comprehensive approach that involves creating gender-inclusive work environments, promoting education and awareness, strengthening support services, and holding perpetrators accountable. By actively working towards equality and addressing the root causes of violence, mining companies can play a crucial role in eliminating gender-based violence from their workplaces and the communities they operate in.
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Gianna put $1,000 in a savings account for 18 months. The interest on the account is 3.5%.
How much will Gianna earn in interest? What amount will she have at the end of the time period?
Answer:
You will earn $52.96 in interest
You have $1,052.96 in total.
Research online and choose any two business organizations that use an IS. Describe the benefits of IS implementation in these two business organizations.
The two business organization is the sole proprietorship, and partnerships.
What is organization?
The word “organization” refers to the structure and hierarchy of the workplace, as well as the shared objectives of its participants. An organization are the based on the management without management are not the proper functioning of the organization.
According to the business organization are the based on the sole proprietorship, and partnerships are the two business benefits are the main focuses to the profit, and the operational efficiencies.
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Question 4
Not-for-profit organizations are?
Not-for-profit is a broad term for organizations that do not generate profit for their owners. All money generated by the not-for-profit business must be reinvested back into running it. Unlike nonprofits, not-for-profits are not required to operate specifically for the benefit of the public or the advancement of a social cause. A not-for-profit can simply operate to serve the goals or special interests of its members. For example, recreational sports clubs can operate as a not-for-profit.
______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
Which of the following is a basic type of process structure? Work center Process flow diagram
Product matrix Process matrix
The basic types of process structures are work center, process flow diagram, product matrix, and process matrix. The correct answer is E) all of these.
In the work center process structure, a single piece of equipment or work center is utilized to perform a single process or operation for several products. It is a popular option for job shop settings that specialize in low volume, customized products. It is also used in industries such as construction, where different types of workers and equipment are required for each task.
A process flow diagram describes the sequence in which tasks or activities are performed. This structure is ideal for high-volume, standardized processes where the product flow is consistent. It is commonly used in manufacturing environments where a product goes through different stages before completion.
A product matrix process structure is used when there are multiple products that require different processes or operations. In this structure, similar products are grouped together based on the type of process required. It is an ideal option for industries such as printing and publishing, where different types of products require unique processes or operations.
A process matrix structure is used when multiple products require multiple processes or operations. This structure is ideal for complex manufacturing processes, where products undergo several stages before completion. It is commonly used in the aerospace and automotive industries, where different parts require multiple processes before final assembly.
Therefore, The correct answer is E) all of these
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complete question
content loaded
Which of the following is a basic type of process structure? A) Work center B) Process flow diagram
C) Product matrix D) Process matrix E) All of these.
Which of the following best explains the purpose of a supply schedule?
O A. To demonstrate how the supply decreases as price increases.
B. To calculate how much time it takes for distribution.
C. To show the relationship between quantity supplied and prices.
O D. To indicate how supply and demand relate to price.
Answer:
C. To show the relationship between quantity supplied and prices.
Explanation:
A supply schedule is a tabular demonstration of the quantity that suppliers will be willing to sell at different prices. It is a table showing the relationship between supply and price.
According to the law of supply, the supply increases as the price goes up. Therefore, the supply schedule is a tabular illustration of the law of supply.
Answer:
it is c
Explanation:
because it does mean To show relationship between quantity supplied
and prices.
is the process of projecting the values of one or more variables into the future. a. forecasting b. accounting c. manifesting d. abstracting
(A) Forecasting is the process of projecting the values of one or more variables into the future.
What is Forecasting?Projecting the values of one or more variables into the future is the process of forecasting.Many firms utilize forecasting as a tool for making decisions to aid in planning, budgeting, and anticipating future growth. Simply said, forecasting is the process of attempting to anticipate future outcomes using information from the past and management expertise.The process of forecasting entails creating predictions based on historical and current data. These can then be contrasted (resolved) with what actually occurs. For instance, a business might predict its revenue for the following year and then contrast that prediction with the actual outcomes.There are three fundamental categories: causal models, time series analysis and projection, and qualitative techniques.Therefore, (A) forecasting is the process of projecting the values of one or more variables into the future.
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Which of the following groups receives the largest share of federal social benefit dollars?
a. the elderly
b. children
c. immigrants
d. the working poor
The group that receives the largest share of federal social benefit dollars among the options provided is the elderly, option a.
The elderly receive the largest share of federal social benefit dollars mainly through programs such as Social Security and Medicare, which are designed to provide financial support and healthcare services for older individuals. These programs make up a significant portion of the federal budget, ensuring that the elderly receive the largest share among the groups mentioned.
It's important to note that the distribution of federal social benefit dollars can be influenced by various factors, including policy decisions, demographics, and societal priorities. The specific funding allocation can change over time as policies and priorities evolve.
Therefore, option a. the elderly.
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what policy is a way the SEC protects investors
If you could choose to be anything you want, what would you choose to be and why? 2-3 paragraphs
the contingency approaches explain the relationship between leadership styles and effectiveness in specific situations.
It is TRUE that the contingency approaches explain the relationship between leadership styles and effectiveness in specific situations.
What is contingency approaches ?The contingency approach to management, can as well be described as the situational approach, which explains that there is no single, textbook rule that gives the best way to manage an organization.
It should be noted that this approach made us to understand that “best” approach will be contingent upon the company's internal and external needs.
In conclusion , It is TRUE that the contingency approaches explain the relationship between leadership styles and effectiveness in specific situations.
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what are the types of economic systems?
Economic systems can be categorized into four main types:
Traditional economies, command economies, mixed economies, and market economies.
One way to demonstrate a potential robber that dollar general employees care about their store is to
One way to demonstrate to a potential robber that Dollar General employees care about their store is to Option C. keep a clean, in-stock, and recovered store.
By keeping the store clean and organized, the employees are indicating that they care about the appearance and reputation of the store and are committed to keeping it looking its best for customers and the community. A clean and organized store can also indicate that employees are attentive and focused on their work, which can deter potential robbers who may be looking for an easy target.
In addition, a well-stocked and recovered store can indicate that the employees are efficient and skilled at their job, which can also deter potential robbers who may be looking for a vulnerable or disorganized store. Wearing a proper uniform can also demonstrate that employees care about their store, as it shows that they are representing the company and taking pride in their appearance.
Arriving for work on time and being punctual can indicate that employees are committed and dependable, which can also contribute to a positive impression of the store and its employees. Taking breaks on time can also indicate that employees are following company policies and procedures, which can help to maintain a professional and well-managed store.
Overall, demonstrating care and commitment to the store can help to create a positive and professional image of Dollar General, which can deter potential robbers and create a safer and more welcoming environment for customers and employees alike. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
One way to demonstrate to a potential robber that Dollar General employees care about their store is to:
A. Take a break on time
B. Wear a proper uniform
C. Keep a clean, in-stock, and recovered store
D. Arrive for work 10 minutes early
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Analyze why the scenario below fails to meet the criteria for a SWOT analysis:
The farming co-op determines that it needs to borrow $100,000 for new equipment to plant cherry orchards. The FFA (Future Farmers of America) is eager to help with the planting. However, the price of farmland has increased astronomically in the past five years as suburbanites have moved farther into the country.
Answer:
i am looking for it.
Explanation:
Government spending in the United States has grown over time and now accounts for more than 40 percent of U.S. national income. Does this mean that government has been consistently running a budget​ deficit? A. ​No, government deficits also depend on the national debt. B. ​Yes, government deficits are a direct result of government spending over time. C. ​No, government deficits depend upon spending and tax revenue. D. ​Yes, as government spending has​ increased, deficits have become inevitable.
Answer:
C. No, government deficits depend upon spending and tax revenue.
Explanation:
Since government spending grown over the time for more than 40% so here it does not mean that the government should be consistent runs a budget deficit as the government deficit based on the spending and the revenue generated through tax
So as per the given situation, the option c is correct
pierre is a foreman in a plant. he has 35 line workers who report to him on the night shift. from what you have read about organization charts, what do you know for sure? a. his subordinates enjoy less autonomy than others. b. his subordinates take part in the decision-making process. c. he has a wide span of control. d. his subordinates are closely supervised.
Pierre is a foreman in a plant. he has 35 line workers who report to him on the night shift. from what you have read about organization charts, what is known for sure is that he has a wide span of control. Option C.
What is meant by organizational chart?An organizational chart is a visual representation of a company's internal structure that shows the relationships, functions, and responsibilities of each individual within the organization. It is one method of imagining a bureaucracy.
Its goal is to depict the chains of command and reporting relationships inside the organization. Typically, boxes or circles with lines connecting them to other individuals and departments are used to represent employee names, job titles, and/or employment positions.
There are four different types of organizational charts: divisional, flat, functional top-down, and matrix. The visual representation of a company's reporting structure is found in its organization chart. It outlines the organizational hierarchy for employee relationships as well as the team alignment matrix. Organizational charts show manager reporting relationships, staff designations, and more.
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Type the correct answer in the box. Spell all words correctly.
Ideally, what should more than one member of the family contribute to for a better financial position?
A family can have more than one person contributing to the household _______
for a better financial position.
A family can have more than one person contributing to the household income for a better financial position.
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♥️ \(\large{\underline{\textcolor{red}{\mathcal{SUMIT\:\:ROY\:\:(:\:\:}}}}\)
If a 20% increase results in a price of $6.36, what was the price before?
Answer:
$5.09 cents
Explanation:
Given the following question:
20% of 6.36
In order to find the answer, we will calculate using the formula for percentages then subtract that answer from the initial amount to have our answer.
\(\frac{p\times n}{100}\)
\(\frac{20\times6.36}{100}=20\times6.36=127.2\div100=1.272\)
\(=1.272\)
Round:
\(1.272\)
\(2 < 5\)
\(1.27\)
Now subtract:
\(6.36-1.27=5.09\)
\(=5.09\)
After a 20% decrease the price is now "$5.09 cents." Which means this was the price before the 20% increase.
Hope this helps.
Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%. ignoring taxes, find the effect of the two increases on her purchasing power. showwork
Answer:
She lost $754.05.
Explanation:
Giving the following information:
Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%.
The rise in her salary allows her to increase her purchasing power. On the contrary, inflation decreases purchasing power. We need to calculate the differences between both effects and determine whether she can buy more or less.
Increase in salary= 52,000*1.025= $53,300
Inflation effect= 52,000/(1-0.038)= $54,054.05
To maintain her purchasing power, now, she needs to earn $54,054.05.
She lost $754.05.
Drag each tile to the correct box.
Sequence the correct steps that an accountant needs to follow for recording transactions.
record the transaction as an entry in the
journal
obtain the source document and verify its authenticity
prepare the trial balance
make adjustment entries
post the entry into a ledger
The correct steps that an accountant needs to follow for recording transactions: obtain the source document and verify its authenticity, record the transaction as an entry in the journal, post the entry into a ledger, prepare the trial balance, and make adjustment entries.
What is accounting procedure?Accounting procedures are standardized processes that are used within the accounting department to perform a function.
An accounting procedure is intended to perform a function efficiently while incorporating adequate controls to reduce the risk of loss. A procedure can also be created as a training tool for employees, who can read the document to learn about a new job.
The accountant must first obtain the source document and verify its authenticity, and then post into journal and ledger. Then the trial balance is prepared and the accounts are closed with the necessary adjustment entries.
Therefore, the correct steps that an accountant needs to follow for recording transactions is given above.
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5 Ayesha is a business adviser. Her financial year ends on 30 September. She provided the following trial balance at 30 September 20-3: $ Capital $ Drawings 15200 125000 Premises 95 000 Office equipment Fees from clients 21600 Insurance 3110 Printing and stationery 2480 Wages Office expenses 59 650 3120 Rent receivable Trade receivables 6150 6000 9510 Bank overdraft Cash 65950 150 206460 206460 Prepare Ayesha's income statement for the year ended 30 September 20-3 and a statement of financial position at 30 September 20-3.
From the income statement, the net profit is $49,870(loss), the total assets is $181,250 and the total liabilities is $125,000
What is the income statementFees from clients: $21,600
Expenses:
Wages: $59,650
Rent: $3,120
Office expenses: $3,110
Printing and stationery: $2,480
Insurance: $3,110
Total expenses: $71,470
Net profit: $21,600 - $71,470 = -$49,870 (Loss)
Statement of Financial Position at 30 September 20-3:
Assets:
Premises: $95,000
Office equipment: $6,000
Rent receivable: $6150
Trade receivables: $6,000
Bank overdraft: $65,950
Cash: $150
Total assets: $181,250
Liabilities:
Drawings: $125,000
Capital:
Capital balance: $15,200
Total liabilities and capital: $181,250
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Has this white's video prompted you to make any changes in the way that you view or manage your personal finances? Do you think it will impact how you handle your personal finances in the future? Explain.
The video by Elizabeth White should prompt people to make a change in how they handle their finances as it shows how easily our finances can take a turn for the worst.
Why should be manage our personal finances effectively?In this TED Talk, Elizabeth White talks about how her's and the Boomer generation's personal finances are in never ending trouble and how they are being blamed for not planning their finances well.
It shows how easily things can change for the worst financially as Elizabeth White went through a tough time.
This shows that it is important to take stock of our finances such that we won't go through what she did and be able to survive financial emergencies. We can do this by saving up and talking to financial planners.
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using the ____ procedure will cause the application to pause a specific amount of time.
Using the "sleep" procedure will cause the application to pause a specific amount of time.
The "sleep" procedure is a common programming function that allows the application to pause or delay its execution for a specified period of time.
This can be useful in situations where the application needs to wait for a particular event to occur, or to prevent the application from consuming too many system resources by executing too quickly.
The syntax and usage of the "sleep" procedure may vary depending on the programming language or platform being used, but the general concept remains the same.
By calling the "sleep" procedure and specifying a time interval, the application will pause its execution for that duration before continuing with the next line of code.
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Insurance Plan Summary
Deductible
$5,000.00
Wellness Exams
No-deductible
100% covered
What is the monthly
payment an employee
with a family plan on
this health plan is
required to pay, even
if they do not visit a
doctor or hospital?
Premium (monthly)
Individual
$45.00
Individual+Spouse
$400.00
A. $5,000.00
B. $45.00
C. $400.00
D. $0
Review of ratings & the 80/20 Rule
Rate Review and the 80/20 rule are two tools provided by the health care law to hold insurance companies accountable and assist in limiting costs.
Review of Rate
You are better protected from arbitrary rate increases thanks to Rate Review. Any rate increase of 15% or more must now be disclosed publicly by insurance firms before your premium is increased. Plans that are grandfathered in are exempt from this.
To view the planned and actual rate increases for your insurance plan, look it up online.
80/20 Rule
According to the 80/20 Rule, insurance firms must spend at least 80% of the premium revenue they receive on healthcare expenses and quality-improvement initiatives. Costs for administration, overhead, and marketing can be covered by the remaining 20%.
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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