Answer:
1,900 tons
Explanation:
Units Completed = Beginning Work in Process Units Completed + Units started and Completed during October
50,500 tons = 48,600 tons + Units started and Completed during October
Units started and Completed during October = 50,500 tons - 48,600 tons
Units started and Completed during October = 1,900 tons
So, 1,900 tons were started and completed during October.
Speedy has net income of $31,955, and assets at the beginning of the year of $213,000. Assets at the end of the year total $259,000. Compute its return on assets.
Record the following transactions for Mouser Pet Foods, Inc., in the financial statements effects template below (in thousands).
Sell stock in company for $78,000
Obtain long-term bank loan of $30,000.
Purchase manufacturing equipment for $20,400 cash.
Rent manufacturing and warehousing space and pay $34,800 in advance for the year.
Purchase $30,000 of inventory, paying $6,000 in cash and the remaining amount on credit.
Sell half of the inventory purchased in Transaction e for $33,900 on account.
Pay $24,000 to creditors.
Make loan payment of $4,800 of which interest is $480 and the rest is principal.
($ thousands)
Balance Sheet
Income Statement
Transaction
Cash Asset
+
Noncash Assets
=
Liabil-
ities
+
Contrib. Capital
+
Earned
Capital
Rev-enues
–
Expen-ses
=
Net
Income
a)
=
–
=
b)
=
–
=
c)
=
–
=
d)
=
–
=
e)
=
–
=
f)
=
–
=
g)
=
–
=
h)
=
–
=
Answer:
C
Explanation:
Heheheha
All of the following developments would be considered material nonpublic information EXCEPT:
Information about a firm that has not been made public but that may have an impact on the share price is referred to as material nonpublic information.
The required details for material nonpublic information in given paragraph
Holders of material information that is not generally known are not permitted to use the knowledge for stock trading purposes. Sharing this information with anyone who utilize it to gain an advantage in the marketplace is likewise prohibited. It doesn't matter how or by whom the crucial private information was obtained, or even if the source was a worker for the firm. Assume, for instance, that someone tells a buddy about nonpublic material information that they learned from a family member.
All three parties involved may face charges if the buddy takes advantage of this insider knowledge to make money on the stock market.
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What other information do i need to help me make a career decision?
Answer:
How to make a decision
Here are some steps you can take to help you make a decision that involves your career:
Identify and investigate the decision.
Set aside time to think.
Consider your options.
Remember your values.
Ask for a different perspective.
Evaluate your plan.
Explanation:
Comprehensive Problem 2 Part 4 and 6: Note: You must complete parts 1, 2 and 3 before attempting to complete part 4 and part 6. Part 5 is an optional work sheet. 4. At the end of May, the following adjustment data were assembled. Analyze and use these data to complete Part 6. a. Merchandise inventory on May 31 $585,200 b. Insurance expired during the year 12,000 c. Store supplies on hand on May 31 4,000 d. Depreciation for the current year 14,000 e. Accrued salaries on May 31: Sales salaries $7,000 Office salaries 6,600 13,600 f. The adjustment for customer refunds and allowances is $60,000. 6. Journalize the adjusting entries. If an amount box does not require an entry, leave it blank. Post the adjusting entries to the attached spreadsheet you used in parts 1 and 2.
Relevant Question:
At the end of May, the following adjustment data were assembled.
a. Merchandise inventory on May 31 $585,200
b. Insurance expired during the year 12,000
c. Store supplies on hand on May 31 4,000
d. Depreciation for the current year 14,000
e. Accrued salaries on May 31: Sales salaries $7,000 Office salaries 6,600 13,600
f. The adjustment for customer refunds and allowances is $60,000.
Stores Supplies at the beginning of May is $11,400.
Journalize the adjusting entries. If an amount box does not require an entry, leave it blank.
Answer:
Journal Entries:
a. No Journal Entry
b. Debit Insurance Expense $12,000
Credit Prepaid Insurance $12,000
To record the insurance expense for the year.
c. Debit Supplies Expense $7,400
Credit Store Supplies $7,400
To record the supplies expense ($11,400 - $4,000) for the year.
d. Debit Depreciation Expense $14,000
Credit Accumulated Depreciation $14,000
To record the depreciation expense for the year.
e. Debit Sales Salaries Expense $7,000
Debit Office Salaries Expense $6,600
Credit Salaries Payable $13,600
To record the accrued salaries for the year.
f. Debit Customer Refunds and Allowances Expenses $60,000
Credit Customer Refunds and Allowances $60,000
To record the expense for customer refunds and allowances.
Explanation:
The journal entries record the business transactions as they occur daily. Accounts are identified based on the accounting equation and the double-entry system of accounting. For every transaction, two or more accounts are recorded, with some debited and others credited accordingly.
Discussion 2- Capital ratio/capital adequacy analysis A
Balance sheet of High Capital Bank
Assets $
Reserves
Loans
8 m
92 m
Liabilities
Deposits
Equity Capital
$
90
10
Balance sheet of Los Capital Bank
Assets
$
Reserves
Loans
10 m.
90 m
Liabilities
Deposits
Equity Capital
94 m
6 m
1. (1 point) what is the capital ratio of the High capital bank and the Low capital bank respectively?
2. (1 point) If both banks suffer a bad loan loss of $5 million, how do their balance sheets change? Show the new balance sheets for both banks after the loss below.
3. (1 point) Does the amount of reserves affect anything? Explain why or why not.
1. The capital ratio of the High capital bank and the Low capital bank respectively are 0.109 or 10.9% and 0.067 or 6.7% respectively.
How did we arrive at these values?1. The capital ratio of High Capital Bank is:
Capital ratio = Equity Capital / Risk-Weighted Assets
Risk-Weighted Assets = Loans
Capital ratio = 10 / 92 ≈ 0.109 or 10.9%
The capital ratio of Low Capital Bank is:
Capital ratio = Equity Capital / Risk-Weighted Assets
Risk-Weighted Assets = Loans
Capital ratio = 6 / 90 ≈ 0.067 or 6.7%
2. After a bad loan loss of $5 million, the new balance sheet for High Capital Bank would be:
Assets $
Reserves
Loans
3 m
87 m
Liabilities
Deposits
Equity Capital
$
90
10
And the new balance sheet for Low Capital Bank would be:
Assets $
Reserves
Loans
5 m.
85 m
Liabilities
Deposits
Equity Capital
89 m
6 m
3. Yes, the amount of reserves affects the bank's ability to absorb losses. Reserves act as a buffer to absorb losses and maintain the bank's solvency. In the event of losses, a bank with a higher amount of reserves will be better positioned to absorb the losses without jeopardizing its capital adequacy. In the given scenario, High Capital Bank has a higher amount of reserves than Low Capital Bank, which makes it better positioned to absorb losses.
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Reggie, who is 55, had AGI of $35,200 in 2022. During the year, he paid the following medical expenses:
Drugs (prescribed by physicians)
Marijuana (prescribed by physicians)
Health insurance premiums-after taxes
Doctors' fees
Eyeglasses
Over-the-counter drugs
$ 570
1,470
1,280
1,320
445
270
Required:
Reggie received $570 in 2022 for a portion of the doctors' fees from his insurance. What is Reggie's medical expense deduction?
Reggie's medical expense deduction is $7,276.
AGI, or adjusted gross income, is a person's total income minus certain deductions and is used to calculate taxable income.
Reggie, who is 55 years old, had an AGI of $35,200 in 2022. During the year, he incurred the following medical expenses:
Drugs (prescribed by physicians): $5,701
Marijuana (prescribed by physicians): $1,470
Health insurance premiums-after taxes: $1,280
Doctors' fees: $1,320
Eyeglasses: $445
Over-the-counter drugs: $270
Reggie was reimbursed $570 by his insurance company for a portion of the doctors' fees. To calculate his medical expense deduction, we first need to subtract any reimbursements from his total medical expenses.
Total medical expenses: $5,701 + $1,470 + $1,280 + $1,320 + $445 + $270 = $10,486
Reimbursements: $570
Medical expenses after reimbursements: $10,486 - $570 = $9,916
To claim a medical expense deduction, the expenses must exceed a certain percentage of AGI, which varies depending on the taxpayer's age. For taxpayers who are 65 or younger, the threshold is 7.5% of AGI. For taxpayers who are over 65, the threshold is 7%.
Since Reggie is 55 years old, the threshold is 7.5% of his AGI or $35,200 x 0.075 = $2,640.
Therefore, Reggie can deduct the portion of his medical expenses that exceed $2,640.
Amount of medical expenses that exceed the threshold: $9,916 - $2,640 = $7,276
Therefore, Reggie's medical expense deduction is $7,276.
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You work for REV. Based on the documents, what does RDM most likely stand for?
A. Remote Data Management
B. Ready Digital Manager
C. Remote Data Maintenance
D. REV Digital Measure
E. Responsive Data Maintenance
Based on documents, RDM most likely stands for Remote Data Management.
What is management?Whether it's a nonprofit, for-profit company, or government agency, management is the administration of the organization. In order to fulfill its goals by utilizing its resources, including its financial, natural, technological, and human resources, management is the process of deciding on an organization's strategy and planning the activities of its staff. In order to manage a company's human resource and ensure its success, management must ascertain the purpose, objectives, procedures, and rules of the organization. This suggests good communication in the same way that a corporate setting suggests staff involvement and some form of productive advancement or system output. Management is distinct from using machinery or controlling animals in that it can take place in both legal and illegitimate circumstances.
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14. Future Value of Annuity. Jen spends $10 per
wesk on lottery tickets. If she takes the same
amount that she spends on lottery tickets and
invests it each week for the next five years at 10%,
how much will she have in five years?
Answer:
10 times 4 equals=40 per month times 12 equals 480 a year times 5 years =2400 times. 10=240 2400+240=2640.00
"Put the five project management process groupsin order from the one that generally requires theleast work to the one that requires the most."
All of the following are examples of prospecting methods EXCEPT:
a) Public exhibitions and demonstrations
b) cold canvas
experimentation
d) endless chain
e) observation
Answer:
c and e
Explanation:
those are 2 examples of it
The example that is excepted from the prospecting methods is given in option (C), that is experimentation is not part of prospecting methods.
What are prospecting methods?Identification of prospective clients, often known as prospects, is the first step in the sales process.
Creating a database of potential consumers and communicating with them regularly in the hope of turning them from potential customers into existing customers is the aim of prospecting.
The prospecting methods include demonstrations, exhibitions, canvasing, observations, the endless chain of marketing, the center of influence, direct mail, and lot more.
As per the given options, the prospecting here is applicable for political elections, therefore, options (a): "Public exhibitions and demonstrations," (b): "Cold canvas," (c): "observation," and (d): "endless chain," are examples of prospecting methods.
However, as per the need of the question, the example that is not included in the prospecting methods is given in option (c): "experimentation."
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A form of advertising that uses rational arguments to communicate why consumers need a specific product by highlighting the benefits associated with the use of that product
Benefits are significant because they respond to your client's inquiry, "Why should I care about what you have?" Instead of just listing what you have to offer, explain to your customer how your good or service will improve their life in a meaningful way.
What is the importance of knowing the product details before you purchase it?The most crucial sales tool is product knowledge. It is challenging to persuade a customer that a particular product will meet their needs by outlining its benefits or drawbacks. This includes having knowledge of the statistics, advantages, and rivals.
You want your goods or services to have characteristics that clients consider to be worthwhile advantages. You'll boost your sales and profits by emphasizing benefits in your marketing and sales efforts. Remember that customers purchase goods and services in order to satisfy a need or solve a problem.
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Summarize your results of the personality assessment and how you think these elements might help or hinder you as a leader.
Personality assessment refers to the proficiency in professional psychology that's vital in measuring the personal characteristics of a person.
Personality assessment can also be used in diagnosing psychological problems and screening candidates for college and employment.
Personality assessment is important as it's vital in fueling leadership development. It can also be used by a leader to uncover deep insights about himself or herself.
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Suppose there is only one electric scooter compnay in Adriana's hometown. Currently, the company charges $0.20 per minute, and there is no fee to unlock a scooter. The scooter company is considering changing its pricing plan so that it would charge $1 to unlock a scooter and $0.10 per minute. If Adriana never takes a ride that lasts less than 10 minutes, then what would happen to the average length of her rides if the scooter company switches to the new pricing plan? She is likely to take longer rides. The new pricing plan will have no effect on her decision. She is likely to take shorter rides.
If Adriana never takes a ride that lasts less than 10 minutes, then what would happen to the average length of her rides if the scooter company switches to the new pricing plan: A. She is likely to take longer rides.
What would happen to the average length of her rides?Adriana is likely to take longer rides if the scooter company switches to the new pricing plan. Since there is a fixed cost of $1 to unlock the scooter, it incentivizes users to take longer rides to make the fixed cost worthwhile.
With a lower per-minute cost of $0.10, taking longer rides becomes more cost-effective. Therefore, Adriana is likely to take longer rides under the new pricing plan.
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Your friend Stan owns a coffee shop in a monopolistically competitive industry. One day, Stan tells you (an economist) that he is earning an economic profit and is setting his price equal to his marginal cost. Is Stan producing the profit-maximizing amount of coffee? What should he do?
In a monopolistically competitive industry, each firm has some control over the price it sets due to product differentiation.
Stan mentioned that he is earning an economic profit and setting his price equal to his marginal cost. To determine whether he is producing the profit-maximizing amount of coffee, we need to consider a few factors.
1. First, let's understand the relationship between price, marginal cost, and profit maximization. In a competitive market, profit maximization occurs where marginal cost equals marginal revenue. However, in monopolistic competition, firms have some market power, so the profit-maximizing quantity occurs where marginal cost equals marginal revenue, not price.
2. Setting the price equal to marginal cost does not necessarily guarantee profit maximization. If Stan's price is equal to marginal cost, it means that he is covering his variable costs, but it does not take into account his fixed costs. To maximize profit, Stan should set his price above marginal cost, considering both variable and fixed costs.
3. If Stan is currently earning an economic profit, it suggests that he may not be producing the profit-maximizing amount of coffee. In monopolistic competition, firms tend to have excess capacity, meaning they produce less than the quantity that would minimize average total cost. By increasing his output, Stan may be able to reduce his costs and increase his profit.
Considering these factors, here are a few suggestions for Stan:
- Conduct a cost analysis: Stan should evaluate his fixed and variable costs to understand the full picture of his expenses. By knowing his costs, he can set a more informed price and determine the profit-maximizing quantity.
- Consider demand elasticity: Stan should also assess the price elasticity of demand for his coffee. If demand is relatively elastic, a small price increase may result in a significant decrease in quantity demanded, potentially reducing his profits. On the other hand, if demand is inelastic, Stan may be able to increase his price without a significant drop in sales.
- Experiment with pricing: Stan could consider experimenting with different prices to find the optimal point that maximizes his profit. By monitoring customer response to different prices, he can identify the price that generates the most revenue while covering his costs.
By taking these steps and considering the unique characteristics of monopolistic competition, Stan can better position his coffee shop for long-term success and profitability.
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(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?
Willie's guest count percentage variance is 9.82%.
How to calculate guest count percentageTo calculate the guest count percentage variance
Use the following formula:
Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%
Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%
Guest count percentage variance = (7,477 / 76,079) x 100%
Guest count percentage variance = 0.0982 x 100%
Guest count percentage variance = 9.82%
Therefore, Willie's guest count percentage variance is 9.82%.
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The free enterprise system is a type of economy that?
Answer:
The governemnt doesnt have many restrictions on buisness, Business has a lot of say in government activity.
Explanation:
Answer:
prevents governments from interfering with businesses.
Explanation:
What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
Many graduates choose to go to a community college or a trade school after graduation to save money on tuition. Typically, a trade school program takes two years to complete and ends with
an apprenticeship in the student's chosen trade to provide hands-on training.
How does the decision to go to a trade school rather than a university affect the long-term financial goals of an individual? IE.1.4
O It leads to less hands-on training and less difficulty finding a job.
O It creates less debt from tuition and the ability to enter the workforce sooner.
O It leads to more hands-on training and more difficulty finding a job.
O It creates more debt from tuition, and trade school takes longer to complete.
Going to a trade school rather than a university can positively affect the long-term financial goals of an individual by Option B. It creates less debt from tuition and the ability to enter the workforce sooner.
One of the primary advantages of choosing a trade school is the lower cost of tuition compared to a traditional university. Trade schools typically have lower tuition fees, making them more affordable for many students. This translates to less debt burden, allowing individuals to start their careers with a smaller financial obligation.
Additionally, trade school programs are typically shorter in duration, typically taking two years to complete. This means that students can enter the workforce and start earning sooner compared to the longer duration of university programs. By gaining early entry into the workforce, individuals have the opportunity to start earning and saving money earlier, contributing to their long-term financial goals.
Furthermore, trade school programs often emphasize hands-on training and practical skills development. This prepares students directly for their chosen trade and enhances their employability. They gain specific, job-related skills that are in demand, which can make it easier for them to find employment in their field upon completion of the program.
In contrast, attending a university often involves higher tuition costs, longer program durations, and a broader education rather than a focused trade-specific curriculum. While universities provide valuable knowledge and opportunities for certain careers, trade schools offer a more cost-effective and streamlined path for individuals seeking hands-on training and immediate entry into the workforce. Therefore, the correct option is B.
The question was incomplete, Find the full content below:
Many graduates choose to go to a community college or a trade school after graduation to save money on tuition. Typically, a trade school program takes two years to complete and ends with an apprenticeship in the student's chosen trade to provide hands-on training. How does the decision to go to a trade school rather than a university affect the long-term financial goals of an individual? IE.1.4
A. It leads to less hands-on training and less difficulty finding a job.
B. It creates less debt from tuition and the ability to enter the workforce sooner.
C. It leads to more hands-on training and more difficulty finding a job.
D. It creates more debt from tuition, and trade school takes longer to complete.
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Bauer Manufacturing uses departmental cost driver rates to allocate manufacturing overhead costs to proudcts. Mnaufacturing overhead costs are allocated on the the bases of Macine hours in the Machining Department on the bases of direct labor hours. In the Assembly Department. At the beginning of 2018, the following estimates were provided for the coming year:
Machining Assembly
Direct labor - hours 40,000 40,000
Machine - hours 50,000 20,000
Direct labor costs $500,000 $900,000
Manufacturing overhead costs $280,000 $360,000
The accounting records of the company show the following data for Job #316
Machine Assembly
Direct labor - hours 120 65
Machine - hours 50 5
Direct material cost $425 $175
Direct labor cost $275 $300
WHat are the total manufacturing costs for Job #316
Which of the following are correct? (Please show ALL calculations)
A. $2,040
B. $1,960
C. $1,175
D. $1,440
Answer:
See below
Explanation:
Total manufacturing cost = direct material cost + direct labor cost + manufacturing overhead cost
Where
Direct material cost = Machining direct material cost + assembly direct material cost
= $425 + $175
= $600
The direct labor cost = Machining direct labor cost + Assembly direct labor cost
= $275 + $300
= $575
The machining overhead cost = Manufacturing overhead costs / Machine hours
= $280,000 / 50,000
= $5.6
So, cost = $5.6 × 50 = $280
Assembly overhead cost = Manufacturing overhead costs / direct labor hours
= $360,000 / 20,000
= $18
So, the cost = $18 × 65 = $1,170
= $600 + $575 + $280 + $1,170
= $2,625
How will the governments aggressive fiscal policy in response to the coronavirus pandemic affect national savings
Answer:postponed the declaration and payments of income taxes for individuals and enterprises.
Explanation:
Z
Need this done fast. Help.
1. The well-known company McDonald's brand promise is to provide fast, affordable, and reliable food to their customers.
What is food ?Food is any substance consumed to provide nutritional support for an organism. It is usually of plant or animal origin, and contains essential nutrients, such as carbohydrates, fats, proteins, vitamins, or minerals. The substance is ingested by an organism and assimilated by the organism's cells to provide energy, maintain life, or stimulate growth.
2a. The type of company I would like to work for or start up myself is a home decor store. 2b. Company's target customers could be grouped into two categories. 2c. The company could treat these two categories of customers differently by offering discounts.d.Type of channel management described in questions 2b and 2c is not likely to lead to unfair treatment .
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Which sentences explain the limitations of financial statements?
Financial Statements – Limitations
The business’s balance sheet, income statement, cash flow statement, and statement of retained earnings are some of the important financial statements. Financial statements are used for comparisons of the performance of companies belonging to similar industries. Estimates used for calculating financial statements are subjective as they involve management’s foresight to arrive at different values. Historical data is most commonly used to measure assets. The opportunity cost of using the assets are not taken into account while preparing financial statements.
Answer: Limitations
The business’s balance sheet, income statement, cash flow statement, and statement of retained earnings are some of the important financial statements.
Explanation:
The limitations of financial statements are "Estimates used for calculating financial statements are subjective as they involve management’s foresight to arrive at different values."
Financial statements are written documents that communicate an entity's business activity and financial performance.
As a snapshot in time, the balance sheet gives an overview of assets, liabilities, and shareholders' equity.
Because the statements are susceptible to interpretation, investors frequently get dramatically different conclusions about a company's financial success.
Therefore, the correct option is "Estimates for financial statements are subjective since they rely on management's foresight to arrive at varied values."
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Which of the following forms of sex-related conduct does each of the example represent ?
Sexual Harassment is a behavior. It is defined as unwelcome behavior of a sexual nature.
The variety of behaviours that people, creatures, systems, and artificial things exhibit in a given context is referred to as behaviour. These systems may consist of both the inanimate physical world and other systems or species.
Behaviour is an individual's actions. It is what a person does to bring about, bring about change, or to maintain the status quo. Behaviour is a reaction to internal events, such as thoughts and feelings. externally: the surrounding area, which includes other people.
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Mr Ashok has a company, and has an option to issue different types of preference shares. State all the types preference shares a company can issue.
How do you make alot of moneyyyyy
Answer:
work hard or k*ll a rich man lol
The Rob Wallace Corporation has a sales budget for next month of $400,000. Cost of goods sold is expected to be $250,000. All goods are paid for in the month following their purchase. The beginning inventory of merchandise is $16,000, and an ending inventory of $12,000 is desired. Beginning accounts payable is $52,000. How much merchandise inventory will The Rob Wallace Corporation need to purchase next month
Answer: $246000
Explanation:
The amount of merchandise inventory that The Rob Wallace Corporation need to purchase next month will be:
Expected Cost of goods sold = $250000
Less: Beginning Inventory = $16000
Add: Desired Ending Inventory = $12000
The, the Required Purchase of merchandise inventory will be:
= $250000 + $12000 - $16000
= $246000
can the business extra capital for expansion Woolworths
The business extra capital for expansion Woolworths is said to be very high and underdetermined.
What happened to Woolworths?Woolworth was known to be a firm that has closed its variety of stores in the United States in the year 1997 due to lack of capital and other issues.
The term capital when defined based on economic terms is known to be the money or the resources that a person needs to start their own business.
Hence, The business extra capital for expansion Woolworths is said to be very high and underdetermined.
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explain the three components of the term Risk
Risk consists of three parts: the uncertain situation, the probability of the situation occurring, and the effect of the event (positive or negative) on the success of the project.
The tripartite definition helps with three critical steps in the risk management process:
When you identify risks, it supports a structured risk description ("risk metalanguage") of the form: "When you step in, something can happen that leads to it."
In risk analysis, knowing the possible causes allows to estimate the probability; impact identification is the basis for impact quantification.
When planning risk measures, different parts of the definition offer different ways to respond
What's the first step in creating a resume?
Create an opening statement of the type of work you are seeking
Gather your references
Write out your work history
List your diplomas, degrees, and certifications
Create an opening statement of the type of work you are seeking