Answer: 18.75%
Explanation:
Price elasticity of demand shows the change in quantity demanded as a result of a change in price.
If the price elasticity is negative, it means that quantity demanded and price move in opposing directions. If prices increase, quantity demanded decreases and vice versa.
Price elasticity of demand = Change in quantity demanded / Change in price
-0.8 = - 15% / x
-0.8x = -15%
x = -15% / -0.8
= 18.75%
Wat is accounting in economics
Answer:
Accounting and economics both involve plenty of number-crunching. But accounting is a profession devoted to recording, analyzing, and reporting income and expenses, while economics is a branch of the social sciences that is concerned with the production, consumption, and transfer of resources.
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Carter Company has $800,000 of 6% preferred stock and $1,200,000 of common stock outstanding, each having a par value of $10 per share. No dividends have been paid or declared during the last two years, 2020 and 2019. As of December 31, 2021, the Board of Directors has decided to distribute $420,000 in cash dividends and needs help in determining the allocation between Preferred Stockholders and Common Stockholders. Assuming the preferred stock is noncumulative and nonparticipating, how much of the $420,000 will be allocated to Common Stockholders
Answer and Explanation:
The computation of the allocation done between the preferred and common stockholder is shown below
Given that
Total dividend for current year = $420,000
Less: preference dividend -$40,000 ($800,000 × 5%)
Balance for common stock $380,000
The $40,000 should be first distributed to the preference stockholder and the remaining would be allocated to the common stockholder
Explain how depth affects oxygen content in ocean water.
Explanation:
Ocean warming-driven deoxygenation: Warmer ocean water holds less oxygen and is more buoyant than cooler water. This leads to reduced mixing of oxygenated water near the surface with deeper waters, which naturally contain less oxygen. Warmer water also raises oxygen demand from living organisms.
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Consider the following company balance sheet and income statement.Balance Sheet:Assets Liabilities and EquityCash $4,000 Accounts payable $30,000Accounts receivable 52,000 Notes payable 12,000Inventory 40,000 Total current liabilities 42,000Total current assets 96,000 Long-term debt 36,000Fixed assets 44,000 Equity 62,000Total assets $140,000 Total liabilities and equity $140,000 Income StatementSales (all on credit) $200,000Cost of goods sold 130,000Gross margin 70,000Selling and administrative expenses 20,000Depreciation 8,000EBIT 42,000Interest expense 4,800Earning before tax 37,200Taxes 11,160Net income $26,040 For this company, calculate the following: Current Ratio Cash flow to Debt services ratio Debt to Assets ratio What additional information would you need to determine whether or not to make a loan to this company
Answer:
Current Ratio = Current assets/Current liabilities
= 96,000/42,000
= 2.29
Cash flow to Debt services ratio = Ending Cash/Interest Expense
= $4,000/$4,800 = 0.833
Debt to Assets ratio = Total liabilities/Total assets
=$58,000/$140,000
= 0.41
The previous year's financial statements would enable one to properly calculate the cash flow to debt service ratio. The figures used in this situation were approximations of the correct figures.
Explanation:
a) Data and Calculations:
Balance Sheet:
Assets Liabilities and Equity
Cash $4,000 Accounts payable $30,000
Accounts receivable 52,000 Notes payable 12,000
Inventory 40,000 Total current liabilities 42,000
Total current assets 96,000 Long-term debt 36,000
Fixed assets 44,000 Equity 62,000
Total assets $140,000 Total liabilities and equity $140,000
Income Statement
Sales (all on credit) $200,000
Cost of goods sold 130,000
Gross margin 70,000
Selling and administrative expenses 20,000
Depreciation 8,000
EBIT 42,000
Interest expense 4,800
Earning before tax 37,200
Taxes 11,160
Net income $26,040
Current Ratio = Current assets/Current liabilities
= 96,000/42,000
= 2.29
Cash flow to Debt services ratio = Ending Cash/Interest Expense
= $4,000/$4,800 = 0.833
Debt to Assets ratio = Total liabilities/Total assets
=$58,000/$140,000
= 0.41
On July 1, 2019, Goode Company borrowed $150,000. The company signed a note payable with interest at 8 percent per year. The note and interest are due on December 31, 2019. On December 31, 2019, Goode paid $156,000 to settle the debt in full. Assuming no accruals for interest have been made during the year, transaction analysis of the $156,000 cash payment on December 31, 2019 should reflect which of the following?a) A decrease in stockholders' equity of $150,000, a decrease in liabilities of $6,000, and a decrease in assets of $156,000.b) A decrease in assets of $150,000, a decrease in stockholders' equity of $6,000, and a decrease in liabilities of $156,000.c) A decrease in liabilities of $150,000, a decrease in stockholders' equity of $6,000, and a decrease in assets of $156,000.d) A decrease in assets of $156,000 and a decrease in liabilities of $156,000.
Answer:
C. decrease in liabilities of $150,000, a decrease in stockholders' equity of $6,000, and a decrease in assets of $156,000
Explanation:
Calculation for what cash payment on December 31, 2019 should reflect
Dec-31
Dr Note payable $150,000 (Decrease liability)
Dr Interest expense 6,000
( 150,000*8%*1/2) (Decrease stockholders equity)
Cr Cash $156,000 (Decrease assets)
($150,000+$6,000)
Therefore cash payment on December 31, 2019 should reflect decrease in liabilities of $150,000, a decrease in stockholders' equity of $6,000, and a decrease in assets of $156,000.
A start-up company that makes hydraulic seals borrowed $800,000 to expand its packaging and shipping facility. The contract required the company to repay the investors through an innovative mechanism called faux dividends, a series of uniform annual payments over a fixed period of time. If the company paid $250,000 per year for 5 years, what was the interest rate on the loan
Answer:
Internal rate of Return = 17%
Explanation:
Solution:
In order to solve this question, there are two methods to solve. First one is through the use of Factor Tables values, which is bit lengthy. And Second one is through the use of Excel.
Here, I will be solving through the use of Factor Tables.
Using Factor Tables Method:
First we need to know the formula to calculate the interest rate:
P = A x [tex]\frac{(1 + i)^{n} - 1 }{i(1 + i)^{n} }[/tex]
From the above formula, we need to find the P/A.
P/A = [tex]\frac{(1 + i)^{n} - 1 }{i(1 + i)^{n} }[/tex]
Where, P = $800,000
A = $250,000
So, the P/A = 3.2
Now, you need to check out the factor tables for the value interest rate against the value of P/A 3.2 for 5 years.
You will get interest rate of 16% for P/A 3.2743 for 5 years,
And
You will get interest rate of 18% for P/A 3.1272 for 5 years.
But, our P/A value is 3.2 only and it lie between these two points.
So, now, we need to find the internal rate of return which will be our correct answer.
Internal Rate of Return = [tex]i_{a}[/tex] + [tex]\frac{(P/A)_{a} - (P/A)_{c} }{(P/A)_{a} - (P/A)_{b} } (i_{b} - i_{a})[/tex]
Where,
[tex]i_{a}[/tex] = 18% = 0.18
[tex](P/A)_{a}[/tex] = 3.1272
[tex]i_{b}[/tex] = 16% = 0.16
[tex](P/A)_{b}[/tex] = 3.2743
By plugging in the values, we will get the internal rate of return.
Internal rate of Return = 0.170
Internal rate of Return = 17%
In 2019, Mr. Smith purchased a principal residence for $1,500,000. He made a down payment of $300,000 and financed the remainder by borrowing $1,200,000 through a loan secured by the residence. In 2019, Mr. Smith paid interest that accrued on the indebtedness during that year. He had no other debt secured by the residence. May he deduct the entire amount of interest which was paid on the home loan
Answer:
Following are the solution to the given question:
Explanation:
Article 163(a) enables with all interest charged as well as accumulated throughout the obtainable year as rationale. On something like a duty. Not from having to stand, area 163(h)(1) for individuals continues to refuse an inference.
Definitely competent house involvement is not really a person under Segment 163(h)(2)(D). In Section 163(h)(3)(a) characterizes skilled optimism even though paid or charged interest. Recovering for a guaranteeing responsibility or house price responsibility guaranteed by taxable year Each consumer's competent going to dwell.
Even though optimism for both the supply chain responsibility under sentence 163(h)(3), a public servant may deduct (B) Accrued interest on 1,000,000 of the 1200,000 bond that used highlight the entire living in 2009 Agreement. In getting a competent living situation, the 1200,000 responsibility has been obtained Taxpayer as well as living agreements have been secured. In the this way: 1,000,000 is obligatory Obtained under 163(h)(3) as a supply chain obligation (B).
Providing services to customers for $1,000 on account is recorded as: Multiple Choice Debit Accounts Receivable $1,000, credit Service Revenue $1,000. Debit Service Revenue $1,000, credit Cash $1,000. Debit Cash $1,000, credit Accounts Receivable $1,000. Debit Service Revenue $1,000, credit Accounts Receivable $1,000.
Answer: Debit Accounts Receivable $1,000, credit Service Revenue $1,000--A
Explanation:
When services are provided to customers for cash directly, The account to record is to debit from Cash and credit Service Revenue but when services are provided on account, The journal to record includes a debit to Accounts Receivable and Credit to Service Revenue
Therefore
Providing services to customers for $1,000 on account is recorded as:
Accounts titles Debit Credit
Accounts Receivable $1,000
Service Revenue $1,000
Analyze Life Force Fitness, Inc.
Life Force Fitness, Inc., assembles and sells treadmills. Activity-based product information for each treadmill is as follows:
Activity Activity-Base Usage (hrs. per unit) X Activity Rate per Hour = Activity Cost
Motor assembly 1.50 $20 $30.00
Final assembly 1.00 18 18.00
Testing 0.25 22 5.50
Rework 0.40 22 8.80
Moving 0.20 15 3.00
Activity cost per unit $65.30
All of the activity costs are related to labor. Management must remove $2.00 of activity cost from the product in order to remain competitive.
Rework involves disassembling and repairing a unit that fails testing. Not all units require rework, but the average is 0.40 hours per unit. Presently, the testing is done on the completed assembly; but much of the rework has been related to motors, which can be tested independently prior to adding the motor to the treadmill during final assembly. Thus, motor issues can be diagnosed and solved without having to disassemble the complete treadmill. This change will reduce the average rework per unit by one-quarter.
Determine the new activity cost per unit under the rework improvement scenario. Round your answer to 2 decimal place.
Answer:
63.10
Explanation:
The computation of the new activity cost per unit is shown below:
Particulars Activity-Base Usage Activity rate
Activity (hrs. per unit) per Hour Activity Cost
Motor assembly 1.5 20.00 30.00
Final assembly 1.00 18.00 18.00
Testing 0.25 22.00 5.50
Rework 0.30 22.00 6.60
(0.40- 0.40 ÷ 4)
Moving 0.20 15.00 3.00
Activity cost per unit 63.10
Activity-based costing is one of the ways under cost accounting for the determination of the costs of units or products based upon the types of activities involved in producing the goods. It determines the unit cost of the product by taking the proportional ratio of each activity charged over the product.
The new activity cost per unit is $63.10.
The new activity cost per unit is determined as per the existing activity cost. All the costs per unit will remain the same while the activity usage will also remain the same except for the rework activity.
In the context of the given scenario, the rework cost will be reduced by $2, so it will change from 0.4 to 0.3.
The computation of the new activity cost per unit is shown in the image attached below.
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Sonor Systems undertakes its own machine maintenance. The depreciation on the equipment is $20,000 per year and operating cost is $2 per machine hour. Last year 275,000 machine hours were used to produce 100,000 units. If 300,000 machine hours had been worked last year, what would be the total machine maintenance cost
Answer:
$570,000
Explanation:
Total machine maintenance cost calculation.
Depreciation expenses $20,000
Operating cost
($275,000 MH × $2). $550,000
Total machine machine maintenance cost $570,000
Therefore, the total machine maintenance cost of the machine is $570,000
Bunker makes two types of briefcase, fabric and leather. The company is currently using a traditional costing system with labor hours as the cost driver but is considering switching to an activity-based costing system. In preparation for the possible switch, Bunker has identified two activity cost pools: materials handling and setup. Pertinent data follow: Fabric Case Leather Case Number of labor hours 15,000 9,000 Number of material moves 440 660 Number of setups 40 80 Total estimated overhead costs are $150,000, of which $110,000 is assigned to the materials handling cost pool and $40,000 is assigned to the setup cost pool.
Answer:
$93,750
Explanation:
Required: "Calculate the overhead assigned to the fabric case using the traditional costing system based on direct labor hours."
Total estimated overhead costs (A) = 150,000
Total labor hours (B) = 15,000 + 9,000 = 24,000
Overhead allocation rate (C) = A/B = 150,000/24,000
Overhead allocation rate (C) = $6.25 Per labor hour
Total labor hours used by Fabric case (D) = 15,000 Hours
Overhead assigned to the fabric case (C*D) = $6.25 Per labor hour * 15,000 Hours = $93,750
The ACME manufacturing company is weighing its options to source Component X. Supplier A would cost $3000 per order plus $2.50 for each unit ordered. If ACME buys component X from Supplier B, it would cost $6.00 per unit. ACME also has the option to buy X from Supplier C that charges $5.00 per unit, but requires buyers to pay for a minimum of 400 units (even if they require less than 400). Shipping costs are the same for all suppliers. Select all true statements about sourcing Component X.
Question Completion:
Since the options are not provided, it is assumed that ACME requires 2,000 units of Component X monthly. Which supplier should the company choose?
Answer:
ACME Manufacturing Company
The supplier that should be chosen is:
Supplier A.
Explanation:
a) Data and Calculations:
Quantity of component X required monthly = 2,000 units
Cost of buying from supplier A = $3,000 + ($2.50 * 2,000) = $8,000
Cost of buying from supplier B = $6 * 2,000 = $12,000
Cost of buying from supplier C = $5 * 2,000 = $10,000
b) This cost decision depends on the quantity of component X required by ACME manufacturing. If the quantity were to be less than or equal to 1,100 units, another supplier other than supplier A might be preferred. Again, if there are other considerations apart from cost, supplier A might not be chosen. The implication is that the choice of a supplier for a component depend on many factors.
Apisco Tiger Inc. has annual cost of goods sold of $41,700, interest expense of $960, general and administrative expenses of $8,800, dividends paid of $2,170, depreciation of $1,400, and a tax rate of 21 percent. What is the firm's taxable income if it added $3,840 to retained earnings during the year
Answer:
the taxable income is $7,607.59
Explanation:
The computation of the taxable income is shown below:
Net income after tax is
= Dividend paid + Retained earnings
= $2,170 + $3,840
= $6,010
Now Taxable income is
= Net income ÷ (1 - tax rate)
= $6,010 ÷ (1 - 0.21)
= $7,607.59
Hence, the taxable income is $7,607.59
Act Now!, an organization devoted to voting rights, applied for a permit to protest the closing of polling places in poor neighborhoods. Genevieve, the head of the organization, wanted the protest to be on the lawn of the county courthouse. The county denied the permit on grounds that it would prevent people from accessing the courthouse. If Act Now! challenges this action in court, it will be reviewed by the judge using:___________
a) strict scrutiny.
b) rational basis scrutiny.
c) intermediate scrutiny.
d) no particular form of scrutiny (none is required in this situation)
Answer:
c) intermediate scrutiny.
Explanation:
In this particular scenario this will be reviewed by the judge using intermediate scrutiny. In this review the court will decide whether or not the case helps the government and/or the people in any way. The court case interests must further the interests of the government or people in the same way for it to pass the review. If the court case passes the review it will be reassessed and may be voted upon differently depending on the other details at hand.
ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC charges direct materials to WIP, while indirect materials are charged to the Factory Overhead account. During the month of April, the company has the following cost information: Total materials (direct and indirect) purchased $ 91,900 Indirect materials issued to production 11,900 Total materials issued to production 134,000 Beginning materials inventory 54,000 The debit to the Factory Overhead account is: Multiple Choice
Answer:
i would think from around 50k
to 100k
Explanation:
Paula weeded 40% of her garden in 8 minutes. How many minutes will it take to weed all of her garden at this rate ?
Answer:
3.2
Explanation:
when we get the 8 minutes and multiply
the rate which is 40% we get 3.2. 8*40/100=3.2 minutes.
Presented below is the income statement of Cowan, Inc.: Sales revenue $380,000 Cost of goods sold 225,000 Gross profit $155,000 Operating expenses 95,000 Income before income taxes 60,000 Income taxes 24,000 Net income $36,000 In addition, the following information related to net changes in working capital is presented: Debit Credit Cash $12,000 Accounts receivable 25,000 Inventories $19,400 Salaries payable (operating expenses) 8,000 Accounts payable 14,000 Income taxes payable 3,000 The company also indicates that depreciation expense for the year was $16,700 and that the deferred tax liability account increased $2,600. Instructions Prepare a schedule computing the net cash flow from operating activities that would be shown on a statement of cash flows: (a) using the indirect method. (b) using the direct method.
Answer:
NET CASH FLOW FROM OPERATING ACTIVITY INDIRECT METHOD
Cowan Inc.
Statement of cash flow (partial)
Indirect Method
Cash Flows from Operating Activities:
NET INCOME $36,000
Adjustment of non cash expenditure:
Depreciation $16,700
Operating profit before working capital changes $52,0700
ADJUSTMENTS FOR WORKING CAPITAL CHANGES:
INCREASE IN ACCOUNT RECEIVABLE ($25,000)
DECREASE IN INVENTORY $19,400
INCREASE IN ACCOUNT PAYABLE $14,000
DECREASE IN SALARY PAYABLE ($8,000)
DECREASE IN INCOME TAX PAYABLE ($3,000)
INCREASE IN DEFERRED TAX LIABILITY $2,600
NET CASH FROM OPERATING ACTIVITY $52,700
what is the acronym of MHA
no body know hahahaga
Explanation:
yeah
Answer:
The last Masters degree that we will take a look at today includes the M.H.A., or Master of Health Administration.
Pamela, the manager of an electronics store in California, has redesigned the jobs of her sales staff so that they have the authority to resolve customer complaints without first getting the approval from management. (In the past, sales staff did not have the authority to issue refunds or replace merchandise). Which job design technique does this represent
Answer:
Job enrichment
Explanation:
Job enrichment is defined a a way of working in an organisation where the individual is motivated to employ their skill in solving problems and working with clients.
In this system employees have some autonomy on how to resolve customer problem.
Thereby fostering accountability and sense of responsibility non the staff.
In the given scenario sales staff now have have the authority to resolve customer complaints without first getting the approval from management.
This is Jobe enrichment strategy.
The ACE Equity Fund has an expected return E[r] of 11.830% and the ZQR Bond Fund has an expected return E[r] of 6.690%. A portfolio comprised of 3% ACE and 97% ZQR would have an expected return of __________%. (percent, rounded three places after decimal)
Answer:
The answer is "6.8442%".
Explanation:
The expected portfolio return is the total average portfolio return for all stocks
ACE fund weight (wA) =3%
ACE fund (ErA) expected return= 11.830%
Bond fund ZQR weight (wB) = 97%.
The ACE fund (ErB) expected return = 6.690%
Expected portfolio return = [tex](wA \times ErA)+(wB \times ErB)[/tex]
[tex]=(3\% \times 11.830 \% )+(97 \% \times 6.690\%)\\\\= 0.03 \times 0.1183 +0.97 \times 0.0669 \\\\=0.003549+ 0.064893\\\\=0.068442\\\\=6.8442 \%[/tex]
Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours 58,000 Total fixed manufacturing overhead cost $ 174,000 Variable manufacturing overhead per direct labor-hour $ 5.00 Recently, Job P951 was completed with the following characteristics: Number of units in the job 50 Total direct labor-hours 100 Direct materials $ 690 Direct labor cost $ 5,800 The unit product cost for Job P951 is closest to: (Round your intermediate calculations to 2 decimal places.)
Answer:
$3,621.8
Explanation:
Given the above information, first, we will calculate the ;
Variable manufacturing overhead = $5.00 × 100 = 600
Then, the total fixed manufacturing overhead = $174,000
Total costs = $690 + $5,800 + $600 + $174,000 = $181,090
Unit product cost = $181,090/50
Unit product cost = $3,621.8
Jordan plans to add a porch to her house. The new 16' 18' porch will cost an average of $27 por square foot. Jorden also plans to have a 15' sidewalk poured. The cost of the sidewalk will be an additional gas per foot. The gate on the parch will cost $500.00 extra. What will the total cost be?
Question is incomplete as the cost of the sidewalk is not given :
Assume the sidewalk cost an additional $6 per foot.
Answer:
$8366
Explanation:
Given that :
Size of porch = 16 by 18 feets
Area of porch = (16 * 18) = 288 ft²
Cost per ft² = $27
Cost of porch = ($27 * 288) = $7,776
Sidewalk = 15feets
Cost per foot = $6
Cost of sidewalk = ($6 * 15) = $90
Cost of gate = $500
Total cost :
(cost of porch area + side walk + gate)
($7776 + $90 + $500) = $8366
Kindly note that the cost pwr foot of sidewalk was erroneously excluded and the value employed for the cost was only assumed.
The Allied Group is considering two investments. The first investment involves a packaging machine, which can be used to package garments for shipping orders to customers. The second possible investment would be a molding machine that would be used to mold the mannequin parts.
The first possible investment is the packaging machine, which will cost $14,000. The second investment, the molding machine, would cost $12,000. The expected cash flows for the two projects are given below and the cost of capital to the firm is 15%. Both machines will be unusable after five years and have no salvage value.
The net cash flows for the two possible projects are given in the following table:
Year Packaging Machine Molding Machine
0 ($14000) ($12,000)
1 4100 3200
2 3300 2800
3 2900 2800
4 2200 2200
5 1200 2200
Address all of the following questions in a brief but thorough manner.
1. Calculate each project's payback period.
2. Calculate the NPV for each project.
3. Calculate the IRR for each project.
4. If the two projects are independent of each other, which projects, if any, should be selected? Explain why or why not.
5. If the two projects are mutually exclusive, which project, if any, should be selected? Explain why.
Answer:
1. Calculate each project's payback period.
Payback period packaging machine = the positive cash flows are lower than the initial outlay
Payback period molding machine = 4.45 years
2. Calculate the NPV for each project.
Using a financial calculator
NPV for packaging machine = -$4,178.24
NPV for molding machine = -$2,907.50
3. Calculate the IRR for each project.
IRR for packaging machine = -0.86%
IRR for molding machine = 3.5%
4. If the two projects are independent of each other, which projects, if any, should be selected? Explain why or why not.
None should be selected since the NPVs are negative
5. If the two projects are mutually exclusive, which project, if any, should be selected? Explain why.
None should be selected since the NPVs are negative
On January 1, 2021, Sans Serif Publishers leased printing equipment from First LeaseCorp. First LeaseCorp purchased the equipment from CompuDec Corporation at a cost of $479,079. The lease agreement specifies six annual payments of $100,000 beginning January 1, 2021, the beginning of the lease, and at each December 31 from 2021 through 2025. The six-year lease term ending December 31, 2026, is equal to the estimated useful life of the equipment. First LeaseCorp routinely acquires electronic equipment to lease to other firms. The interest rate in these financing arrangements is 10%. 1) How should this lease be classified
Answer:
The lease should be classified as a Finance or Capital Lease.
Explanation:
For Sans Serif to recognize a lease arrangement as a Capital Lease, the lease term will take up a significant part of the asset’s useful economic life, among other conditions. In this case, the economic life of the asset is six years, and the lease term lasts six years. This lease cannot be classified as an operating lease, with the lease payments treated as an expense instead of as a repayment of a liability for a recognized asset.
One problem with using market values to measure GDP is that A. some useful goods and services are not sold in markets. B. you cannot compare completely heterogeneous goods by using their dollar values. C. prices for some goods change every year. D. market values of exported goods are usually priced in foreign currencies.
Answer:
C. prices for some goods change every year.
Explanation:
The reason why the real GDP (GDP adjusted to inflation) is a much better economic index than nominal GDP is that prices change over time, even if the quantities produced do not. It is actually possible for nominal GDP to increase even if total production output decreases due solely to high inflation rates.
After marketers have defined a problem they need to solve, what is the next
step in the marketing research process?
A. Analyze the situation.
B. Write a survey.
C. Create a database.
D. Collect data.
After marketers have defined a problem they need to solve, Analyze the situation is the next step in the marketing research process. The appropriate response is option A.
What is marketing research process?The goal of the marketing research process is to gather information about your target market's attitudes and opinions so you can evaluate your current goods and services or test ideas for making them better. Additionally, it can measure how customers view your business.
Market research gives you vital knowledge about your industry and competitive environment. It can inform you of how the target clients and customers you want to reach view your business.
An in-depth evaluation of a market within a particular industry is what is known as a market analysis.
Hence, the appropriate response is option A.
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1. For financial accounting purposes, what is the total amount of product costs incurred to make 21,750 units
Answer: $450,225
Explanation:
Product costs = Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead
= (21,750 * 7.80) + (21,750 * 4.80) + (21,750 * 2.30) + (21,750 * 5.80)
= 169,650 + 104,400 + 50,025 + 126,150
= $450,225
After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of Schenkel Enterprises. Unfortunately, you will be the only individual voting for you. a. If the company has 520,000 shares outstanding and the stock currently sells for $36, how much will it cost you to buy a seat if the company uses straight voting
Answer: $9360036
Explanation:
If the straight voting method is used by the company, the number of shares that's required for the person would be:
= 520,000/2 + 1
= 260,001
Then, the total cost that'll be required to purchase a seat will then be:
= 260001 × $36
= $9360036
Help!
Zeke had great fun as a kid running a lemonade stand, and his ideas helped his class reach their fundraising goal for the class trip last year. What career cluster might Zeke be interested in?
A. Information Technology
B. Human Services
C. Science, Technology, Engineering, and Mathematics
D. Marketing, Sales, and Service
Answer:
D
Explanation:
He was selling Lemonade
D is Marketing and sales so yeah it makes sense
CULLUMBER COMPANY
Trial Balance
June 30, 2017
Debit Credit
Cash $ 5,240
Accounts Receivable $ 5,340
Supplies 2,150
Equipment 5,150
Accounts Payable 5,836
Unearned Service Revenue 2,550
Common Stock 11,150
Dividends 800
Service Revenue 5,630
Salaries and Wages Expense 3,530
Utilities Expense 945 $20,465 $27,856
Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors:______.
1. Cash received from a customer on account was debited for $760, and Accounts Receivable was credited for the same amount. The actual collection was for $706.
2. The purchase of a printer on account for $340 was recorded as a debit to Supplies for $340 and a credit to Accounts Payable for $340.
3. Services were performed on account for a client for $900. Accounts Receivable was debited for $90 and Service Revenue was credited for $900.
4. A debit posting to Salaries and Wages Expense of $735 was omitted.
5. A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260.
6. Payment of a $600 cash dividend to Cullumber Company's stockholders was debited to Salaries and Wages Expense for $600 and credited to Cash for $600.
Prepare a correct trial balance.
CULVER CO.
TRIAL BALANCE
JUNE 30, 2017
Debit Credit
Cash
Accounts Receivable
Supplies
Equipment
Accounts Payable
Unearned Service Revenue
Common Stock
Retained Earnings
Service Revenue
Salaries and Wages Expense
Office Expense
Dividends
Totals
Answer:
Realidades 2 WKBK page 109
Explanation:
Realidades 2 WKBK page 109
