Check Ltd and Fourty40 Ltd information as at 30 June 2021 is as follows: Check Ltd is a grocery food chain having stores across South Africa.
Fourty40 Ltd developed an application that enables customers to purchase groceries online, and a same-day delivery service. At the beginning of lockdown, Check Ltd acquired 70% interest in the ordinary shares and 40% interest in the 9% cumulative preference shares of Fourty40 Ltd on 1 April 2019.
Preference shares are categorized as equity.On the acquisition date, Fourty40 Ltd had been in operation for a few months. At that time, Fourty40 Ltd's retained earnings were R430,000, revaluation surplus was R45,000, ordinary share capital was R550,000, and preference share capital was R240,000.
Except for land, the carrying values of Fourty40 Ltd's assets and liabilities were considered to be equal to their fair values at acquisition. The value of the land was estimated to be between R1,100,000 and R1,750,000.
Due to the complexity surrounding the acquisition, Fourty40 Ltd neglected to modify their financial records. After being registered, Fourty40 Ltd revalued its land once more in June 2021, and the total revaluation surplus amounted to R750,000 following its recording.
The issued share capital of both companies remained the same as at acquisition. Goodwill was disclosed at cost less impairment in the consolidated financial statements because it was the group's policy. There were no goodwill impairments in the current year.
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If annual demand is 24,000 units, orders are placed every 0.5 months, and the cost to place an order is $50, what is the annual ordering cost?$600,000 $1,200,000 $2,400,000 $1,200 $50
If the annual demand is 24,000 units, orders are placed every 0.5 months, and the cost to place an order is $50. Then the annual ordering cost is $1,200.
To begin with, we have to calculate the number of orders put in a year, given that orders are set each 0.5 months:
Number of orders per year = (12 months / 0.5 months per order) = 24 orders per year
Then Following, we will calculate the yearly requests taken a toll by duplicating the number of orders per year by the fetched to put an arrangement:
Yearly requesting taken a toll = Number of orders per year x Taken a toll per arrange
= 24 x $50
= $1,200
thus, the yearly request fetched is $1,200 in this situation. By understanding that yearly requests take a toll, a trade can make educated choices approximately how habitually to put orders and how to play down the related costs whereas keeping up adequate stock levels to meet client requests.
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The Berlin airlift operation, nicknamed "Operation Vittles," provided food, fuel, and basic supplies for Allied forces stationed in Berlin during World War II.
True
False
Answer:
False.
Explanation:
After the end of World War II, Germany was separated into four sectors, according to the nations controlling it. The nation was divided into four parts- Soviet, American, British, and French-controlled zones. This division was further taken in the case of Berlin, the capital city, dividing it among the four nations.
And the Soviets, in an attempt to drive the other three nations away from the capital city, blocked all forms of road access. The plan was to stop any flow of resources and necessities and it will result in France, Britain, and America abandoning their sections of Berlin.
But, taking advantage of the free airspace, the three nations began using their aircraft to drop basic supplies to the people living in their parts of Berlin. This operation was codenamed "Operation Vittles".
Thus, the correct answer is false. For, the airlift operation was to provide the basic necessities to the people, not the Allied forces station in Berlin.
What information system would be most useful in determining what direction
to go in the next two years?
O A. Transaction processing system
B. Decision support system
C. Executive information system
D. Management information system
Answer:
C- Executive information system
Explanation:
AP3X
Direct materials used Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory Sales revenue Sales discounts Cost of goods manufactured Beginning finished goods inventory Cost of goods available for sale Cost of goods sold Ending finished goods inventory Gross profit Operating expenses Net income 1 $9,700 5,100 8,400 23,200 1,100 7,200 25,000 2,600 17,100 5,000 22,100 18,600 3,500 3,800 2,800 1,000 (a) (b) (c) (d) (e) (f) Case $ 2 3,900 8,100 4,100 16,100 9,100 3,100 28,500 1,500 22,100 3,400 25,500 22,900 2,600 7,100 (g) 5,100 (h) (i) (j) (k) 2,000 (1) Prepare a condensed cost of goods manufactured schedule for Case 1. CASE 1 Cost of Goods Manufactured Schedule + + + + $ + $ $
CASE 1 C Schedule
Direct materials used $9,700
Direct labor $5,100
Manufacturing overhead $8,400
Total manufacturing costs $23,200
Beginning work in process inventory $1,100
Ending work in process inventory ($7,200)
Cost of goods manufactured $17,100
In the cost of goods manufactured schedule, we start with the total manufacturing costs, which include direct materials used, direct labor, and manufacturing overhead. Then we adjust for the beginning work in process inventory and subtract the ending work in process inventory to determine the cost of goods manufactured.
Applying the given data for Case 1, we have:
Direct materials used: $9,700
Direct labor: $5,100
Manufacturing overhead: $8,400
Total manufacturing costs: $23,200
Beginning work in process inventory: $1,100
Ending work in process inventory: ($7,200)
To calculate the cost of goods manufactured, we take the total manufacturing costs ($23,200) and adjust for the beginning work in process inventory ($1,100). Then we subtract the ending work in process inventory ($7,200) to obtain the final value.
Cost of goods manufactured = Total manufacturing costs + Beginning work in process inventory - Ending work in process inventory
Cost of goods manufactured = $23,200 + $1,100 - $7,200
Cost of goods manufactured = $17,100
Therefore, the cost of goods manufactured for Case 1 is $17,100.
Learn more about CASE 1 Cost of Goods Manufactured Schedule
Direct materials used $9,700
Direct labor $5,100
Manufacturing overhead $8,400
Total manufacturing costs $23,200
Beginning work in process inventory $1,100
Ending work in process inventory ($7,200)
Cost of goods manufactured $17,100
In the cost of goods manufactured schedule, we start with the total manufacturing costs, which include direct materials used, direct labor, and manufacturing overhead. Then we adjust for the beginning work in process inventory and subtract the ending work in process inventory to determine the cost of goods manufactured.
Applying the given data for Case 1, we have:
Direct materials used: $9,700
Direct labor: $5,100
Manufacturing overhead: $8,400
Total manufacturing costs: $23,200
Beginning work in process inventory: $1,100
Ending work in process inventory: ($7,200)
To calculate the cost of goods manufactured, we take the total manufacturing costs ($23,200) and adjust for the beginning work in process inventory ($1,100). Then we subtract the ending work in process inventory ($7,200) to obtain the final value.
Cost of goods manufactured = Total manufacturing costs + Beginning work in process inventory - Ending work in process inventory
Cost of goods manufactured = $23,200 + $1,100 - $7,200
Cost of goods manufactured = $17,100
Therefore, the cost of goods manufactured for Case 1 is $17,100.
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2. Critical Thinking Gates claims
that his competitive practices improve
the industry. His critics claim that they
damage it. With which side do you
agree, and why?
Critical thinking involves analyzing information, evaluating arguments, and making reasoned judgments based on evidence and logic. In this case, we have two opposing claims: Gates asserts that his competitive practices improve the industry, while his critics claim that they damage it.
To evaluate these claims, we need to consider the evidence and reasoning behind each side. What specific practices is Gates implementing, and how do they affect the industry? Are they increasing efficiency, reducing costs, or improving product quality? On the other hand, what negative consequences are his critics pointing to? Are they harming other businesses, limiting consumer choice, or reducing innovation? We should also consider the biases and motivations of both sides. Gates may have a vested interest in defending his practices, while his critics may be biased against him or have competing interests.
Ultimately, the goal of critical thinking is not to simply take a side, but to evaluate the evidence and arguments on both sides and make an informed judgment. It's possible that both sides have some valid points, or that the truth lies somewhere in between. By carefully weighing the evidence and reasoning behind each claim, we can arrive at a more nuanced and informed understanding of the issue at hand.
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We've Come a Long Way From Where We Began
Answer:
oh ill tell you all about it when i see you again
Explanation:
find the future value for the ordinary annuity with
the given payment interest rate.
PMT equals $2,250. 1.10% compounded quarterly for 8
years.
the future value of the ordinary annuity is $?
The future value of the ordinary annuity is $22,977.96.
To calculate the future value of an ordinary annuity, we can use the formula:
FV = PMT * [(1 + r)^n - 1] / r
Where:
- PMT is the payment amount per period, which is $2,250 in this case.
- r is the interest rate per period, which is 1.10% or 0.011 in decimal form.
- n is the total number of periods, which is 8 years * 4 quarters = 32 quarters.
Plugging in the values into the formula:
FV = $2,250 * [(1 + 0.011)^32 - 1] / 0.011 = $22,977.96
Therefore, the future value of the ordinary annuity, with a payment of $2,250, an interest rate of 1.10% compounded quarterly, and a duration of 8 years, would be $22,977.96.
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In which categories did the Chung’s expenditures exceed the amount they had budgeted?
Answer:
There were four major expense categories in which a significant spending variance occurred through the third quarter in the Ongoing Operations component of the 2007 Corporate Operating Budget: Outside Services-Personnel expenditures were $28 million, or 21 percent, less than budgeted.
Explanation:
Factors that decrease the demand for bonds include.
A factor that will decrease the demand for bonds is a decrease in the riskiness of stocks.
What are bonds?A bond is a debt instrument used by companies to raise capital. Bondholders are paid interest at regular intervals at a predetermined rate.
Stocks offer a higher rate of return than bonds but stocks are usually more risky. If the riskiness of stocks decline, the demand for stocks will increase and the demand for bonds will decrease.
Here are the options:
A) an increase in the volatility of stock prices.
B) a decrease in the expected returns on stocks.
C) a decrease in the inflation rate.
D) a decrease in the riskiness of stocks.
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Which of the following is a country which operates under a traditional economy?
O North Korea
O Cuba
O Ecuador
O Sweden
Answer:
Dont worry about me, I just added this answer so the other person can get their brainliest because they definetly deserve it
Answer:
The answer is Ecuador :)
how is revenue calculated from ticket sales
Answer:
Total revenue from ticket = Cost of one ticket x Total number of thing
Explanation:
Total revenue = Cost of one thing x Total number of thing
Assume
Cost of one ticket = A
Total number of thing = B
Total revenue from ticket = Cost of one ticket x Total number of thing
Total revenue from ticket = A x B
Total revenue from ticket = AB
lcm of 8 12 7 8 7 pls tell fast
Explanation:
factorise the above numbers:
8=2^3
12=2^2×3
7=7
In the above question,
there are two 7 and two 8 from which we have to write only one 7 and one 8 as takeing common we write 8,12,7,8,7 as 8,12,7
Then,
L.C.M=2^3×3×7
=168
In L.C.M ,we take both common as well as remaining numbers but in H.C.F,we take only common numbers .
Collateral agreements for a note or bond can: Multiple Choice
O Reduce the risk of loss in comparison with unsecured debt.
O Increase the risk of loss in comparison with unsecured debt.
O Have no effect on risk.
O Reduce the issuer's assets.
O Increase total cost for the borrower.
Option (a), In comparison to unsecured debt, collateral agreements for a note or bond might lower the risk of loss.
Why is unsecured debt more dangerous than secured debt?An unsecured loan is one that has no collateral attached to it. Since there is no collateral to provide as security for unsecured debts, lenders may view them as riskier than secured debts. That suggests that approval criteria might be stricter and interest rates might be higher.
Exists any bond collateral?The security for a specific type of financial instrument known as a secured bond is a specific asset that the issuer owns. For the loan, the object is pledged as security. In the event of an issuer default, the bondholders will acquire legal ownership of the asset.
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The term _______________ refers to people who may have checking or savings accounts, but who still do a lot of business with check-cashing services and pawnshops.
The unbanked people means the people who may have checking or savings accounts but who still do a lot of business with check-cashing services and pawnshops.
What is an unbanked people?This refers to the individuals that do not use or do not have access to any traditional financial services including savings or checking account.
Hence, the unbanked people means the people who may have checking or savings accounts but who still do a lot of business with check-cashing services and pawnshops.
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The _____ consumers there are who would be likely to purchase a given product, the lower its market demand will be, and the demand curve will shift _____.
The fewer consumers there are who would be likely to purchase a given product, the lower its market demand will be, and the demand curve will shift left.
What is demand curve?Demand curve is a graphical representation that shows how the rate of demand for a particular products and how it varies or changes over a period of time.
Therefore, The fewer consumers there are who would be likely to purchase a given product, the lower its market demand will be, and the demand curve will shift left.
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I need two answers please by 2pm today.
Are you motivated more by intrinsic rewards (satisfaction, sense of accomplishment, etc.) or by extrinsic rewards (money, bonuses, etc.)?
Intrinsic rewards can be more satisfying to a worker than extrinsic ones, because internal motivation is something natural that does not depend on external stimuli.
How does an employee get motivated?There is a set of characteristics that helps in motivation in the work environment. Intrinsic rewards correspond to job satisfaction. To be achieved, the employee needs to feel valued and fulfilled with their responsibilities at work.
Extrinsic rewards are related to external motivations, such as a good salary and bonuses.
Therefore, motivation is essential in the workplace, as it stimulates employee productivity, satisfaction and integration.
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In a population of 1000 cells, 200 are in various phase of the M stage. For those in interphase, 400 have 1X amount of DNA, 200 have 2X amount of DNA, and the rest have somewhere in between 1X and 2X amount of DNA. What is the total length of the cell cycle if the S phase has a duration of 5 hours?
Answer:
The answer is 25 hours
Explanation:
Solution
Given that:
The total number of cells = 1000 cells
The M -phase = 200 cells
In interphase it becomes:
1 X DNA = 400 cells
2X DNA = 200 cells
In between 1X and 2X = 200 cells
The duration of S phase = 5 hours
Now
The first step to take is to calculate the mitotic index of cells which is given as:
Mitotic Index = The number of cells in mitosis/Total number of cells * 100
Thus
Mitotic Index =Number of cells in prophase + metaphase +anaphase + telophase (P+M+A+T)/1000 * 100
=200/1000 * 100
=20%
Now from the cell cycle 20% is 5 hours, then 100% which is the length of total cell cycle. is about 25 hours.
Unstable cildiei 1.
NISM
Kelly Krantz
3 points
13. Kelly Krantz saved $250.00 to buy clothes and supplies for the new school year. She went to the mall
and bought the following items: 3 pair of jeans that cost $35.00 each; 5 shirts that cost $15.50 each;
new shoes for $48.00; 6 notebooks at a cost of $1.50 each; and a pack of pens for $2.75. How much
more or less than she budgeted did she actually spend?
Your answer
Submit
Log
Answer:
$62.50 more
Explanation:
please mark branliest
Company has a material standardet pound per una of output Fach pound has a standard price of $25 per pound. During Muty Com paid $14.000 for soto pounds, which is used to product 4730 unitsWhat is the price variance?
The price variance is -$104,250. Since the actual price paid is lower than the standard price per pound, we have an unfavorable or negative price variance.
To calculate the price variance, we need to compare the actual price paid per pound of material with the standard price per pound.
Standard price per pound = $25
Actual price paid = $14,000
Actual pounds purchased = 4,730
First, we calculate the standard cost of the pounds purchased:
Standard cost = Standard price per pound * Actual pounds purchased
Standard cost = $25/pound * 4,730 pounds
Standard cost = $118,250
Next, we calculate the price variance:
Price variance = Actual cost - Standard cost
Price variance = Actual price paid - (Standard price per pound * Actual pounds purchased)
Price variance = $14,000 - ($25/pound * 4,730 pounds)
Price variance = $14,000 - $118,250
Price variance = -$104,250
The price variance is -$104,250. Since the actual price paid is lower than the standard price per pound, we have an unfavorable or negative price variance. This indicates that the company paid less than expected for the materials, resulting in potential cost savings.
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What is the new law the American government enacted for promoting small businesses in the country?
O The Small Businesses Act of 1954.
O The Small Businesses Act of 1953.
O The Small Businesses Act of 1955.
O The Small Businesses Act of 1958.
Answer:
The Small Businesses Act of 1953.
Explanation:
In the United States of America, majority of the competitive landscape or business environment is made up of small business enterprise.
The Small Business Administration (SBA) is an agency of the federal government that is saddled with the responsibility of providing both managerial and financial assistance to small businesses in the United States of America.
The Small Businesses Act of 1953 was enacted as an Act of Congress on the 30th of July, 1953 by the Congress of the United States of America to create the Small Business Administration (SBA).
Hence, SBA was established in 1953 as an autonomous (independent) agency of the government of the United States of America to aid, counsel, assist and protect American entrepreneurs and to preserve small business institutions.
Generally, it is saddled with the responsibility of providing both managerial and financial assistance and counseling to small businesses in order to bolster the American economy.
The small business administration (SBA) serves as an intermediary between entrepreneurs and investors or creditors, so as to provide them with the necessary funds required to plan, start and grow their business.
Basically, SBA provides services such as entrepreneurial development, access to funds, advocacy and contracting to small businesses (entrepreneurs) in the United States of America.
In conclusion, the Small Businesses Act of 1953 was the new law the American government enacted for promoting small businesses in the country.
on january 1, 2022, woodstock, inc. purchased a machine costing $40,000. woodstock also paid $1,000 for transportation and installation. the expected useful life of the machine is 6 years and the residual value is $5,000. how much is the annual depreciation expense assuming use of the straight-line depreciation method?
If on january 1, 2022, woodstock, inc. purchased a machine costing $40,000. woodstock also paid $1,000 for transportation and installation. the annual depreciation expense assuming use of the straight-line depreciation method is $6,000.
How to find the annual depreciation?Using this formula to find the annual depreciation
Annual depreciation = Cost of assets - Residual value/ Expected useful life
Let plug in the formula
Annual depreciation = ($40,000+$1,000) - $5,000/ 6years
Annual depreciation = $41,000 - $5,000/ 6years
Annual depreciation = $36,000 / 6 years
Annual depreciation = $6,000
Therefore the Annual depreciation is $6,000.
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How Socially Conscious Are You?
The length of time for which a business summarizes financial information and reports its financial performance is called :__________
A fiscal term is the duration of time for which a company analyzes its financial information and reports its financial performance.
What exactly is the distinction between a financial statement and a financial performance?The balance sheet, income statement, and statement of cash flows are financial statements that are used to evaluate overall financial performance. Financial performance indicators are quantitative measurements used to assess how well a company is performing. The income statement, balance sheet, and statement of cash flows are all needed financial statements. These three statements are instructive tools that traders can use to examine a company's financial soundness and provide a fast picture of a company's financial health and underlying worth. Financial performance is a comprehensive assessment of a company's entire position in areas such as assets, liabilities, equity, expenses, revenue, and overall profitability.
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explain advertisement
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
Jill filed her taxes and found out that she owes an additional $1,500.
Unfortunately, she can't afford to pay that amount immediately. What options
does she have? What are the pros and cons of using these options?
Answer:
Take out a loan from a bank don't borrow from family it could ruin your relationship with them
Explanation:
If you take a loan you might have to pay interest depends on the bank and the time you take to pay it back.
If you take a loan from a family member it depends on their financial situation if they have loads of money they might be patient but if they have not lots of money but still some money they might be annoyed on how long you take so my conclusion is take money from the bank.
Which of the following is not a law which provides protection against discrimination in the workplace?
A. The Civil Rights Act
B. Fair Labor Standards Act
C. The Equal Pay Act
D. Americans with Disabilities Act
The following is not law that provides protection against discrimination in the workplace is the Civil Rights Act. The correct option is
An important piece of legislation that protects against job discrimination is the Civil Rights Act. It is essential for establishing fairness and equitable chances for everyone in workplace environments. An important piece of American law that outlaws discrimination on the basis of race, color, religion, sex, and national origin is the Civil Rights Act of 1964. It is a thorough piece of legislation that addresses all facets of discrimination, including employment. Employment discrimination is expressly addressed in Title VII of the Civil Rights Act.
Employers are not allowed to treat workers or job seekers unfairly because of certain protected characteristics, which include race, color, religion, sex, and national origin. This implies that these criteria cannot be used by employers to determine who is hired, fired, or promoted.\
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Question 3 of 10
How do exchange rates affect a country's ability to trade with its neighbors?
A. By preventing the country from trading with a large number of
different partners
B. By setting limits on the amount of goods the country can legally
import and export
C. By encouraging the country to trade only with countries that have
developed economies
O D. By determining how much the country's currency is worth when
importing goods
Answer:
O D. By determining how much the country's currency is worth when
importing goods
Explanation:
When importing goods, one has to convert their local currency to the currency of the country they are buying from. The price of imported goods is affected by the exchange rates between the currencies of the importer and exporter.
Converting to the importer's currency entails using the local currency to buy the foreign currency. Each currency is either strong or weaker in comparison to another. If a country's currency is weaker compared to others, its citizens will use more of their local currencies when importing. They might not be able to import as much as they wish because their currency is weak, which makes imports expensive.
Answer:
D. By determining how much the country's currency is worth when
importing goods
Explanation:
Just got it right!
The process of controlling and making decisions about a business is called:
O Leadership
O Management
O Administration
Answer:
B. Management.
Explanation:
Management can be defined as the process of controlling and making decisions about a business.
The management comprises of top executives, board of directors or managers who generally control the affairs of a business firm or company.
Basically, they are saddled with the responsibility of defining the policies, set of rules, standards, and procedures so as to preserve or protect the company's assets, boost efficiency, enhance financial accountability, and prevent fraudulent behaviors among the employees.
Also, the decision-making process or responsibilities is essentially vested on the management of a business. Therefore, the management is typically responsible for the success, growth and development of their business.
Which is NOT a requirement of an offer?
intent to contract
no time limit
communicated
identified offeree
Explanation:
Communicated. The person making the offer (the offeror) must communicate his offer to a person who may then choose to accept or reject the offer (the offeree). ...
Committed. ...
Definite Terms. ...
Other Issues.
An offer should be made to an identified offeree and to the public at large.
What is an offer?An offer is a conditional proposal made by a buyer or seller to buy or sell goods, becoming a legal obligation upon receipt.
An offer is also defined as the act of giving something for sale, or the transfer of a bid to buy something.
One cannot accept an offer without having any knowledge about it. The general public cannot be accepted by someone who has never seen or heard of the offer.
Hence, The option "Identified Offeree" is the correct option.
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T/F: The net accounts receivable reported in the current asset section of a company's balance sheet represents all receivables expected to be collected within the next year.
The statement "the net accounts receivable reported in the current asset section of a company's balance sheet represents all receivables expected to be collected within the next year" is true because accounts receivable are a type of asset that appears on the balance sheet and represents all receivables expected to be collected within the next year.
The given statement "the net accounts receivable reported in the current asset section of a company's balance sheet represents all receivables expected to be collected within the next year" is true because accounts receivable (AR) are defined as the amounts of money owed to a business by its customers and clients for goods and services purchased on credit. Accounts receivable are known as trade credit and represent receivables expected to be collected.
Trade credit is a type of credit offered to businesses that enables them to purchase goods and services without paying cash at the time of purchase. These transactions are recorded by the seller as accounts receivable.
Accounts receivable are a type of asset that appears on the balance sheet. They are classified as a current asset, indicating that they are expected to be converted to cash within a year or less. The net accounts receivable reported in the current asset section of a company's balance sheet represents all receivables expected to be collected within the next year.
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