Vaughn Manufacturing began the year with retained earnings of $114000. During 2022, the company issued $84500 of common stock for cash. The company recorded revenues of $735000, expenses of $647000, and paid dividends of $36000. What was Vaughn's net income for the year 2022?

$136500

$172500

$88000

$52000

Answers

Answer 1

Vaughn's net income for the year 2022 is: c. $88,000.

Net income

Using this formula

Net income=Revenues - expenses

Where:

Revenues=$735,000

Expenses=$647,000

Let plug in the formula

Net income=$735,000-$647,000

Net income=$88,000

Therefore the correct option is c.

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Related Questions

how to solve the time value of money problems​

Answers

Answer:

The Time Value of Money formula is FV = PV x [ 1 + (i / n) ] (n x t)] where V is the Future value of money, PV is the Present value of money, i is the interest rate, n is the number of impounding periods per year, and t is the number of years.

Name and describe three ways that companies can benefit from being ethical.

Answers

Higher revenues – demand from positive consumer support.
Improved brand and business awareness and recognition.
Better employee motivation and recruitment.

Identify five typical users of accounting information​

Answers

Answer:

Owners,and stockholders, directors,officers, internal departments

Explanation:

TB MC Qu. 13-81 (Algo) A customer has requested that ABC Corporation... A customer has requested that ABC Corporation fill a special order for 2,800 units of product S47 for $32 a unit. While the product would be modified slightly for the special order, product S47's normal unit product cost is $17.70: Direct materials $ 5.20 Direct labor 3.00 Variable manufacturing overhead 2.30 Fixed manufacturing overhead 7.20 Unit product cost $ 17.70 Assume that direct labor is a variable cost. The special order would have no effect on the company's total fixed manufacturing overhead costs. The customer would like modifications made to product S47 that would increase the variable costs by $1.30 per unit and that would require an investment of $16,000.00 in special molds that would have no salvage value. This special order would have no effect on the company's other sales. The company has ample spare capacity for producing the special order. The annual financial advantage (disadvantage) for the company as a result of accepting this special order should be:

Answers

Answer:

Financial advantage $40,560

Explanation:

A special order request is financially worthy if the sales revenue from the special order is over and above the relevant cost of producing it.

The relevant variable cost will be determined as follows

Unit variable cost =5.20+  3 +2.30+ 1.30= 11.8

Special machine= 16,000

                                                                              $

Sales from special order  (2,800× $32) =      89,600

Variable cost ( 2800 × $11.8)= (30,000 )        (33,040)

Investment in special machine                       (16,000)

Financial advantage                                        40,560

Note that the fixed manufacturing overheads were not included in the analysis, simply because they are not relevant. In other words, whether or not the special order is accepted these fixed costs  would be concurred either way.  

Financial advantage $40,560

If you have many competing financial goals, what should you do to help yourself focus on the most important ones?
A.
Get more unearned income.
B.
Prioritize and make a budget.
C.
Open a checking account.
D.
Diversify your investments.

Answers

Answer:

B.

Prioritize and make a budget.

in preparation of standard cost we consider what situation macroeconomics or microeconomics???​

Answers

When preparing standard costs, we primarily consider microeconomics, which is the study of the behavior of individual consumers, firms, and industries. Standard cost is the estimated cost of producing a unit of product or service, based on historical data and budgeted costs.

It is used as a benchmark to compare actual costs with expected costs and to analyze the variances between them. In order to determine standard costs, we need to consider the cost of each individual input such as direct materials, direct labor, and overheads. This analysis is done at the microeconomic level because it involves the behavior and decision-making of individual firms and their interactions with suppliers, customers, and competitors.

The macroeconomic factors such as inflation, interest rates, and unemployment rates may also have an impact on the cost of production but these are generally outside the scope of standard cost analysis. Therefore, while macroeconomics can indirectly influence the cost of production, the focus of standard cost analysis remains on the microeconomic factors that affect the cost of individual inputs.

Overall, standard cost preparation involves a detailed microeconomic analysis to determine the estimated cost of producing a product or service, which is then compared with the actual costs to identify any variances and improve the cost efficiency of the firm.

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Bonds that have an option giving the issuer the right to retire them at a stated dollar amount before maturity are known as:A. Callable bonds.B. Serial bonds.C. Convertible bonds.D. Junk bonds.E. Sinking fund bonds.

Answers

Answer:

A. Callable bonds.

Explanation:

The bond that have an option to give  the right to the issuer to retired the bond at the stated amount but it should be before the maturity so the same we known as callable bond

Hence, the correct option is A

Therefore all the other options would be incorrect

The same is to be considered and relevant

If the price of an item decreases, producers will create fewer of the item. This is due to the

A.
Law of Demand

B.
Law of Supply

C.
Law of Price

D.
Consumer Choice

Answers

Answer:

the answer is B,law of supply

Monica, a​ doctor, owns a small health care clinic that serves underserved people in a​ lower-income neighborhood. What type of entrepreneur is​ Monica?
A.
A social entrepreneur
B.
A​ home-based entrepreneur
C.
A growth oriented entrepreneur
D.
An Internet entrepreneur
E.
A franchisee

Answers

Answer:

b

pyfpyfjzifztksrizirsitstoztozotd7itsktdtixoyd

The best way to research an expensive product is to? A. Visit multiple company websites B. Watch many television commercials C. Make a purchase and test it out D. Read consumer information magazines

Answers

Answer:

D

Explanation:

edge 2020

The best way to research an expensive product is to  read consumer information magazines. Thus option (D) is correct.

What is research ?

Research is a defined as the whole process of making hypothesis, collection of data; and analysis and interpretation of that data/information, in accordance with suitable methodologies and drawing the conclusion.

Behavioral research tries to find out how individuals make decisions, interact and influence other individuals, organizations, markets, and society.

The  Behavioral research about individuals like consumers is used in accounting to analyze and study about the outcome or result like profits.

The best way to research an expensive product is to  read consumer information magazines. Therefore, option (D) is correct.

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Big Data MY PROGRESS-13% EO Decision Point: How to Calculate Share of Customer Big Data analysis can involve massive amounts of data and complex analysis. However, you know that some of the simpler customer relationship management (CRM) metrics are often a good starting point for firms seeking to increase their profitability. It is well-known that retaining an existing customer is far less expensive than acquiring a new one, so you suggest that the owners begin by calculating share of customer to identify opportunities to sell more products to existing customers. Before you can calculate Camp Plus's share of customer, you need to determine what type of data you need to gather. What data sources will you need to utilize to calculate share of customer? Select an option from the choices below and click Submit. e Internal and external data Internal data only External data only

Answers

Before calculating your Camp Plus customer share, you need to decide what kind of data you need to collect and what data sources you need to use to calculate your customer share. This is internal data and external data.

What distinguishes internal and external data?

Internal data shows how a company engages with its employees, markets and individual customers, while external data shows how a company fits into the global zeitgeist. Helps you learn more about the competitive landscape and company reputation

What is the difference between internal and external sources?

Internal funding sources include stock sales, fixed asset sales, retained earnings and debt collections. In contrast, external funding sources include financial institutions, bank loans, preferred stock, bonds, government deposits, lease financing, commercial paper, trade credits and factoring. 

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Assigning manufacturing overhead costs and other indirect costs is called a:

Answers

Answer:

Cost allocation

Explanation:

Cost allocation means the process where the identification, aggregation, and the allocating of the cost is made to the various cost objects. It plays an important role as the cost i.e. incurred for generating a particular product or rendering a service would be determined

So if the manufacturing overhead cost assigned and the other indirect cost so this we called cost allocation

Michigan State Figurine Inc. (MSF) sells crystal figurines to Spartan fans. MSF buys the figurines from a manufacturer for $10 per unit. They send orders electronically to the manufacturer, costing $20 per order and they experience an average lead time of 8 days for each order to arrive from the manufacturer. Their inventory carrying cost is 20%. The average daily demand for the figurines is 2 units per day. They are open for business 250 days a year. Answer the following questions:

Required:
a. How many units should the firm order each time? Assume there is no uncertainty at all about the demand or the lead time.
b. How many orders will it place in a year?
c. What is the average inventory?
d. What is the annual ordering cost?
e. What is the annual inventory carrying cost?

Answers

Answer:

Follows are the solution to the given points:

Explanation:

Given:

\(cost= \$10 / \ unit \\\\s= \$20 / \ order \\\\Lt= 8 / days \\\\H= 20 \% \ of \ cost \\\\\)

    \(= \frac{20}{100} \times 10\\\\= \frac{200}{100}\\\\= 2 \ \frac{unit}{year}\)

\(d= 2 \ \frac{units}{day}\\\\n= 250 \ \frac{days}{year}\\\\D=d\times n \\\\\)

   \(=2 \times 250\\\\=500 \ \frac{units}{day}\)

For point a:

\(\to EOQ=\sqrt{\frac{2DS}{H}}\)

             \(=\sqrt{\frac{ 2 \times 500 \times 20 }{2}} \\\\=\sqrt{500 \times 20}\\\\=\sqrt{1,000}\\\\=100 \ units\)

For point b:

\(\to N=\frac{D}{Q} =\frac{500}{100} =5 \ orders\)

For point c:

Calculating the average inventory:

\(\to \frac{Q}{2} =\frac{100}{2} =50 \ units\)

For point d:

Calculating the annual ordering cost:

\(\to \frac{D}{Q} \times S\\\\\)

\(=\frac{500}{100} \times 20\\\\ = 5\times 20 \\\\= \$100\)

For point e:

Calculating the annual inventory carrying cost:

\(\to \frac{Q}{2} \times H =\frac{100}{2} \times 2=\$ 100\)

Which statement is true regarding monopolistic competition?

Answers

Answer:

AR>MR

--------------------------------------

WHERE ARE THE OPTIONS.

A counterfeit id is intended to an official document, but is not authentic

Answers

Answer:

If this is the case then it is not valid.

Explanation:

Any counterfeit id is illegal and should never be rendered to be used for any purpose in relation to official documents.

definition of medium term plans​

Answers

Medium term plans is a sequence of work for a subject that shows what a teacher or educator is planning to teach over a period of weeks, such as a half term or term.

Question 6
(6 Marks)
Entity Z is trying to obtain a cost estimate for the costs of repairs. The following monthly repair costs
have been recorded for the past six months.
Plack Company is a manufacturing company that makes and sells a single product. The following
information relates to the company's manufacturing operations in the next financial year.
->
Opening and closing stock:
Production:-
Sales:
Fixed production overheads:
Fixed sales overheads:
Nil
18,000 units-unit manufactured 3000
15,000 units Units sold,
Closing
Inver
R72,000
Using absorption costing, the company has calculated that the budgeted profit for the year will be
R43,000.
>
Marginal Absorption
Required:
What would be the budgeted profit if marginal costing is used, instead of absorption costing?

Answers

The budgeted profit using marginal costing would be -R12,000.

How to calculate the cost

Using the information provided:

Opening stock = 0

Production = 18,000 units

Closing stock = 0

Fixed production overheads = R72,000

Total variable manufacturing costs = 0 + 18,000 - 0 - R72,000 = -54,000 (negative value due to fixed production overheads)

Total variable production cost per unit = -54,000 / 18,000 = -3 (negative value due to fixed production overheads)

Budgeted profit using marginal costing = (Sales - Total variable production cost per unit * Units sold) - Fixed sales overheads

Given:

Sales = 15,000 units

Fixed sales overheads = R72,000

Total variable production cost per unit = -3

Budgeted profit using marginal costing = (15,000 - (-3) * 15,000) - 72,000

= (15,000 + 45,000) - 72,000

= 60,000 - 72,000

= -12,000

Therefore, the budgeted profit using marginal costing would be -R12,000.

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Concern has been expressed on the part of Con-
gress and the President about what should be the
optimal tax rate for those individuals who make
more than $500,000 per year. This issue corre-
sponds to what branch of economics?

Answers

normative is the awnser

Wat is the main advantage of using The Sentence Method

Answers

It may help structure your sentences more in writing.

Askin again cuz I rly need help
My business class suuuuckkks :(

Askin again cuz I rly need help My business class suuuuckkks :(

Answers

daycare, in-home nurse, cleaning service, drivers Ed

Question 7 of 10
If you borrow $2,000 at 5 percent simple interest, how much will you owe
after one year?
A. You will owe 5 percent of the principal only.
OB. You will owe the principal of $2,000 only.
C. You will owe the principal of $2,000 plus 5 percent of the principal.
D. You will owe the principal of $2,000 minus 5 percent of the
principal.

Answers

You will owe the principal of $2,000 plus 5 percent of the principal.The correct answer to this question is C.

Simple interest is calculated by multiplying the principal by the interest rate and the time period. In this case, the principal is $2,000 and the interest rate is 5 percent. After one year, the interest accrued would be $100 (5% of $2,000).

Therefore, the total amount owed after one year would be $2,100 ($2,000 principal + $100 interest). It is important to note that simple interest is calculated only on the principal amount borrowed, and not on any interest that has already accrued.

Additionally, the interest rate is usually expressed as an annual rate, so it is important to adjust the time period accordingly if the loan term is less than one year. The correct answer to this question is C.

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Multiple Choice Question 54 Outstanding stock of the Sunland Corporation included 21100 shares of $5 par common stock and 10550 shares of 5%, $10 par non cumulative preferred stock. In 2019, Sunland declared and paid dividends of $4000. In 2020, Sunland declared and paid dividends of $12600. How much of the 2020 dividend was distributed to preferred shareholders

Answers

Answer:

$5,275

Explanation:

Preferred stock dividend = 10,550 shares * $10 * 5%

Preferred stock dividend = 10,550 * 10 * 5%

Preferred stock dividend = $5,275

So therefore, the dividend distributed to preferred shareholders in 2020 was $5,275

Match the different activities to the responsibilities of relevant banks.
ll rights reserved
accepts deposits from people
regulates safe and lawful
operations
conducts nation's monetary policies
lends money through to consumers
and businesses
provides financial services to the
government
Federal Bank
Other Commercial Bank

Match the different activities to the responsibilities of relevant banks.ll rights reservedaccepts deposits

Answers

The correct activities for federal and other commercial banks are:

accepts deposits from people - Other Commercial Bankregulates safe and lawful operations - Federal Bankconducts nation's monetary policies - Federal Banklends money through to consumers and businesses - Other Commercial Bankprovides financial services to the government - Federal Bank

How are federal and other commercial banks different ?

Banks play a crucial role in the economy by providing various financial services to the public and the government. The Federal Bank is responsible for conducting the nation's monetary policies, which includes setting interest rates, regulating the money supply, and maintaining price stability.

On the other hand, commercial banks, also known as Other Commercial Banks, are responsible for accepting deposits from people and lending money to consumers and businesses.

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Dose anyone like kpop

Answers

Answer:

i do

Explanation:

No I don’t know what that is omg

7. Which of the following people is required to file taxes? *

Answers

Answer:

what you will be when grow up?

Cost data for Mix-A-Lot Manufacturing Company for the month ended March 31, 2016, are as follows:

Inventories

March 1

March 31

Materials

$315,000

$277,200

Work in process

214,200

239,400

Finished goods

163,800

189,000


March 31

Direct labor

$567,000

Materials purchased during May

604,800

Factory overhead incurred during May:

Indirect labor

60,480

Machinery depreciation

36,000

Heat, light, and power

12,600

Supplies

10,080

Property taxes

8,820

Miscellaneous costs

16,380

Required:

A.

Prepare a cost of goods manufactured statement for March 2016. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Less" or "Plus" will automatically appear if it is required. Enter all amounts as positive numbers.

B.

Determine the cost of goods sold for March 2016.

Answers

Answer:

determine the cost of good sold for march 2016

Economic Stimulus Act of 2008

Explanation for the reason for Economic Stimulus Act of 2008. What are the main causes of the legislation. What occurred in the economy to prompt the government to pass or enact such legislation or act?

Answers

Answer:

The Economic Stimulus Act of 2008 was a United States federal law enacted on February 13, 2008, to provide economic relief amid the Great Recession. The act provided tax rebates to individuals and tax incentives for businesses. It also increased the limits on mortgages eligible for purchase by government-sponsored enterprises (GSEs) such as Fannie Mae and Freddie Mac. The total cost of the act was projected at $152 billion for 2008.

The main causes of the legislation were:

The subprime mortgage crisis, which began in 2007, led to a decline in housing prices and a rise in foreclosures. This had a negative impact on the economy, as it led to a decrease in consumer spending and investment.The financial crisis of 2008, which began in September 2008, led to a collapse of the GSEs and a severe tightening of credit markets. This made it difficult for businesses to borrow money, which further slowed economic growth.

The government enacted the Economic Stimulus Act of 2008 in an attempt to:

Boost consumer spending and investment, which would help to create jobs and stimulate economic growth.Prevent the financial crisis from worsening, which would have had a devastating impact on the economy.

The act was controversial, with some economists arguing that it was not large enough to have a significant impact on the economy. However, the act did provide some relief to individuals and businesses, and it is generally credited with helping to prevent the Great Recession from becoming even worse.

Outline and describe the main types of Communication in your own words. Give one practical example for each type to support your discussion.​

Answers

Answer:

There are four main types of communication: verbal, nonverbal, written, and visual.

1. Verbal communication involves the use of words to convey a message. This can be done through spoken or written language. Verbal communication can be formal or informal, and it is often used in face-to-face conversations, meetings, presentations, and interviews. A practical example of verbal communication is a teacher giving a lecture to a classroom full of students.

2. Nonverbal communication involves the use of body language, facial expressions, and other nonverbal cues to convey a message. This can include gestures, eye contact, posture, and tone of voice. Nonverbal communication is often used in conjunction with verbal communication to reinforce a message or convey meaning. A practical example of nonverbal communication is a job interview, where the interviewer may use body language to convey their interest or disinterest in a candidate.

3. Written communication involves the use of written words to convey a message. This can include emails, memos, reports, and letters. Written communication is often used in business and academic settings, where a permanent record of the communication is required. A practical example of written communication is a business proposal that is sent to a potential client.

4. Visual communication involves the use of images, graphics, and other visual aids to convey a message. This can include charts, diagrams, videos, and photographs. Visual communication is often used in advertising, marketing, and design, where visual impact is important. A practical example of visual communication is a billboard that advertises a new product.

In summary, each type of communication has its own strengths and weaknesses, and they are all important in different contexts. Effective communication requires a combination of these four types, depending on the situation and the message that needs to be conveyed.

7. Which of the following is a product that is considered a commodity?

feed corn for cattle

writing paper

Answers

Feed corn as well as writing paper are considered as commodity products.

What is a commodity?

Any stationary thing having a definite value, which has a purpose of use or consumption, and can be easily bought and sold is regarded as a commodity.

Hence, the inclusions of commodity are aforementioned.

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Do you know the answer?

Do you know the answer?

Answers

Answer:

no

Explanation:its to blurie

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