Answer:
Explanation:
To calculate the direct material price, quantity, and total variance; we need to use the following formulas:
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (4.5 - 4.27)*50,500
Direct material price variance= $11,615 favorable
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (11*4,500 - 50,500)*4.5
Direct material quantity variance= $4,500 unfavorable
Total direct material cost variance= 11,615 - 4,500
Total direct material cost variance= $7,115
During the year, she spent $2,500 on and began working on a law degree in night school. Her law school expenses were $4,200 for tuition and $450 for books (which are not a requirement for enrollment in the course). Assuming no reimbursement, how much of these expenses can Janet deduct
Complete Question:
Janet is currently employed at an accounting firm. During the year (2021), she spent $2,500 on a CPA review course and began working on a law degree in night school. Her law school expenses were $4,200 for tuition and $450 for books (which are not a requirement for enrollment in the course). Assuming no reimbursement, how much of these expenses can Janet deduct?
Answer:
Janet
Assuming no reimbursement by the accounting firm, Janet can deduct:
= $6,700
Explanation:
a) Data and Calculations:
Amount spent on CPA review course = $2,500
Law school expenses:
Tuition = $4,200
Books = $450
Total expenses by Janet = $7,150
Books not required for enrollment = $450
Qualified deductible expenses = $6,700
b) Therefore, Janet cannot deduct the whole $7,150 expenses that she incurred during the year. But she can deduct up to $6,700. The expense for the books is not qualified because the books are not required for her enrollment or attendance at the law school.
The total units to be accounted for is computed by adding beginning units in process to units transferred out. beginning units in process to units started into production. ending units in process to units started into production. ending units in process to total units accounted for.
Answer:
The Correct Answer is = Option 2:
Total units to be accounted for = “Beginning units in Process + Units started into production”
Explanation:
This is a multiple choice question and we are asked to choose the correct option out of it.
So,
The Correct Answer is = Option 2:
Total units to be accounted for = “Beginning units in Process + Units started into production”
Example:
Beginning units = 50000
Units Started = 90000
Total units to be accounted for = 140000
Units Completed = 44000
Ending Units = 96000
Total units to be accounted for = 140000
Determine the amount to be paid in full settlement of each invoice, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period.
Answer and Explanation:
The computation is shown below:
a. The amount that should be paid is
= $4,500 - $1,200 - ($4,500 - $1,200) × 2%) + $140
= $4,500 - $1,200 - $66 + $140
= $3,374
And,
b. The amount that should be paid is
= $7,650 - $450 - ($7,650 - $450) × 1%
= $7,650 - $450 - $72
= $7,128
In this way the amount to be paid in full could be determined
Inflation can impose significant costs and adversely distort economic systems. Indicate whether the costs and distorting effects exemplify menu costs, shoe leather costs or unit of account costs. a. discourages people from holding money. b. can reduce the quality of economic decisions. c. can lead to stores listing prices in more stable currencies. d. spending time converting money into something that better holds value. e. makes money a less reliable source of measurement. f. can cause distortion to the tax system. g. causes difficulty in firms and individuals financial planning. h. causes costs associated with changing prices in stores.1. Menu costs.2. Shoe-leather-costs. 3. Unit-of-account costs.
Answer:
1. Menu costs
- Can lead to stores listing prices in more stable currencies.
- Causes costs associated with changing prices in stores.
2. Shoe-leather-costs
- Discourages people from holding money.
- Spending time converting money into something that better holds value.
3. Unit-of-account costs
- Can reduce the quality of economic decisions.
- Makes money a less reliable source of measurement.
- Can cause distortion to the tax system.
- Causes difficulty in firms and individuals financial planning.
Suppose you sell 22 of the May corn futures at the high price of the day. You close your position later when the price is 464.750. Ignoring commission, what is your dollar profit on this transaction
Your dollar profit on this derivative transaction is $247,500.
What is a derivative transaction or contract?Derivative transactions are financial contracts, like futures, options, and forwards that derive their values from the fluctuations of the underlying asset.
Derivative contracts indicate the price at which the financial security is traded and the date within which the transaction should take place.
Examples of derivative transactions include:
Structured debt obligations and depositsSwaps, futures, and optionsCaps, floors, and collarsForwards, and various combinations thereof.Data and Calculations:Number of contracts = 22
Contract size = 5,000
Number of bushels to be delivered = Number of contracts x Contract size
= 110,000 (22 × 5,000)
Profit to be obtained = Number of bushels to be delivered × Settlement price × (High price in May − Closing price)
= 110,000 × ($467 − $464.75)
= 110,000 × $2.25
= $247,500
Thus, your dollar profit on this derivative transaction is $247,500.
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Question Completion:Use the following corn futures quotes:
Contract month Open High Low Settle Change Open Int
March 455.125 457.000 451.750 452.000 -2.750 597,913
May 467.000 468.000 463.000 463.250 -2.750 137,547
July 477.000 477.500 472.500 473.000 -2.000 153,164
Sep 475.000 475.500 471.750 472.250 -2.000 29,258
Number of bushels to be delivered = 210,000
Contract size = 5,000
Number of contracts to be delivered = 42 (210,000/5,000)
Sheffield Co. had retained earnings of $19900 on the balance sheet but disclosed in the footnotes that $2800 of retained earnings was restricted for building expansion and $800 was restricted for bond repayments. Cash of $2200 had been set aside for the plant expansion. How much of retained earnings is available for dividends?a. $12,000.b. $13,000.c. $15,000.d. $10,000.
Answer:
$16,300
Explanation:
Calculation to determine How much of retained earnings is available for dividends
Using this formula
Retained earnings=Retained earnings - Retained earnings for restricted plant expansion - Restricted for bond repayments
Let plug in the formula
Retained earnings= $19,900 - $2,800 - $800
Retained earnings= $16,300
Therefore the amount of retained earnings that is available for dividends is $16,300
Given the following data:
Selling price per unit $ 2.00
Variable production cost per unit S $ 0.30
Fixed production cost $ 6,000
Sales commission per unit $ 0.20
Fixed selling expenses $ 1,500
How much is the break-even point in dollars?
A) $6,000
B) $4,000
C) $8,000
D) $10,000
E) None of the above
Answer :
See below
Explanation:
Given the above information, break even point in dollars is calculated as seen below
Break even point in dollars = Fixed cost / Contribution margin ratio
Where
Fixed cost = $6,000
Contribution margin ratio = Contribution margin / Sales
Contribution margin ratio = ($2 - $0.3) / $2
Contribution margin ratio = 85%
Therefore,
Break even point in dollars = $6,000 / 85%
Break even point in dollars = $7,059
a. On October 1, Year 1, YD collected $24,000 for consulting services it agreed to provide during the coming year.
b. Adjusted the accounts to reflect the amount of consulting service revenue recognized in Year 1.
Required
a. Record the events under an accounting equation.
b. Prepare an income statement, balance sheet, and statement of cash flows for the 2013 accounting period.
c. Ignoring all other future events, what is the amount of service revenue that would be recognized in 2014?
Answer:
A. Assets= Liabilities + S/E
Cash= Unearned revenue + Retained earnings
$24,000 = $18,000 + $6,000
Bi) Income statement $6,000
Bii) Balance sheet Total Asset $24,000
Balance sheet Total Liabilities $24,000
Biii) Ending Cash Balance $24,000
C. $18,000
Explanation:
a. To Record the events under an accounting equation.
Event Assets= Liabilities + S/E
Cash= Unearned revenue + Retained earnings
Event $24,000 =$24,000 + $0
Adjustment. = -$6,000 + $6,000
$24,000 = $18,000 + $6,000
($24,000*3/12=$6,000)
($24,000*9/12=$18,000)
b) Preparation of an income statement, balance sheet, and statement of cash flows for the 2013 accounting period.
Bi)
Yard Designs INCOME STATEMENT
For the Year Ended December 31, 2013
Revenue $6,000
($24,000*3/12=$6,000)
Expense 0
Net Income $6,000
Therefore YD Income statement is $6,000
Bii)
Yard Designs BALANCE SHEET as of december 31, 2013
ASSETS
Cash $24,000
Total Assets $24,000
LIABILITIES
Unearned Revenue $18,000
($24,000*9/12=$18,000)
Total Liabilities $18,000
STOCKHOLDERS’ EQUITY
Retained Earnings $6,000
($24,000*3/12=$6,000)
Total Stockholders’ Equity $6,000
TOTAL LIAB. AND STOCKHOLDERS’ EQUITY $24,000
($18,000+$6,000)
Therefore YD Balance Sheet As Of December 31, 2013 will be :
Total Assets $24,000
Total Liabilities $24,000
Biii)
Yard Designs STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2013
Cash Flows From Operating Activities:
Cash Receipt from Revenue $24,000
Net Cash Flow from Operating Activities $24,000
Cash Flows From Investing Activities $0
Cash Flows From Financing Activities:
Net Change in Cash $24,000
Plus: Beginning Cash Balance $0
Ending Cash Balance $24,000
Therefore YD statement of Cash flow ending Cash Balance is $24,000
C. Calculation to determine the amount of service revenue that would be recognized in 2014
Based on the information given the Nine months of unearned revenue from 2013 will be recognized in 2014
2014 Recognized service revenue=$24,000*9/12
2014 Recognized service revenue= $18,000
Therefore the amount of service revenue that would be recognized in 2014 is $18,000
At the beginning of 20X1, a company issues 100,000 shares of 4%, $10 par value, cumulative preferred stock. All remaining shares outstanding are common stock. The company does not pay any dividends in 20X1, but pays dividends of $100,000 at the end of 20X2. How much of the dividend will be paid to common stockholders in 20X2?
a. $20,000.
B. $100,000.
C. $80,000.
D. $60,000.
Answer:
a. $20,000.
Explanation:
The computation of the dividend that will be paid to common stockholders in 20X2 is shown below:
= $100,000 - ($100,000 × 10 × 4% × 2 years)
= $100,000 - $80,000
= $20,000
Hence, the dividend that will be paid to common stockholders in 20X2 is $20,000
Therefore the option a is correct
Henderson Electronics Corporation manufactures and sells FM radios. Information on the prior year's operations (sales and production Model A1) is presented below: Sales price per unit $30 Costs per unit: Direct material 7 Direct labor 4 Overhead (50% variable) 6 Selling costs (40% variable) 10 Production in units 10,000 Sales in units 9,500 Refer to Henderson Electronics Corporation. The Model B2 radio is currently in production and it renders the Model A1 radio obsolete. If the remaining 500 units of the Model A1 radio are to be sold through regular channels, what is the minimum price the company would accept for the radios
Answer:
$4
Explanation:
Calculation to determine the minimum price the company would accept for the radios
Minimum price=Selling costs (40% variable)*$10
Minimum price=$4
Therefore the minimum price the company would accept for the radios will be $4 because it COVER THE VARIABLE SELLING EXPENSE
Line Corporation's balance sheet showed the following amounts for their liability and stockholders' equity accounts: Current Liabilities, $5,000; Bonds Payable, $1,500; Lease Obligations, $2,000; and Deferred Income Taxes, $300. Total stockholders' equity was $6,000. The debt-to-equity ratio is:___________
Answer:
the debt-to-equity ratio is 1.47
Explanation:
The computation of the debt-to-equity ratio is shown below
= (Current liabilities + Bonds payable + Lease obligations + Deferred income taxes) ÷ Total stockholder's equity
= ($5,000 + $1,500 + $2,000 + $300) ÷ $6,000
= 1.47
Hence, the debt-to-equity ratio is 1.47
Therefore the same should be considered and relevant
Suppose New Zealand uses one unit of labor to produce a kiwi and two units of labor to produce an apple. Suppose Australia uses two units of labor to produce a kiwi and one unit of labor to produce an apple. In this case, New Zealand:________
a. has a comparative advantage in producing apples.
b. has a comparative advantage in producing kiwis.
c. has a comparative advantage in producing both goods.
d. does not have a comparative advantage in producing either good.
Answer:
b. has a comparative advantage in producing kiwis.
Explanation:
Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.
This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.
In this scenario, New Zealand has a comparative advantage in producing kiwis than Australia because it uses one unit of labor to produce a kiwi and two units of labor to produce an apple
If the beginning raw materials inventory balance is $50 and the ending raw materials inventory balance is $500 and the amount of raw materials placed into production $400.....what are the Net Purchases for the period
Answer:
the net purchase is $850
Explanation:
The computation of the net purchase is shown below:
The amount of raw material placed into production = opening inventory + net purchase - ending inventory
$400 = $50 + net purchase - $400
So, the net purchase is $850
hence, the net purchase is $850
The net purchase for the period will be $850.
Amount of raw material placed into production) = Opening inventory + Net purchase - Ending inventory
$400 = $50 + Net purchase - $400
Net purchase = $850
In conclusion, the net purchase for the period will be $850.
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Decker Enterprises Below are the simplified current and projected financial statements for Decker Enterprises. All of Decker's assets are operating assets. All of Decker's current liabilities are operating liabilities. Income statement Current Projected Sales na 1,500 Costs na 1,050 Profit before tax na 450 Taxes na 135 Net income na 315 Dividends na 95 Balance sheets Current Projected Current Projected Current assets 100 115 Current liabilities 70 81 Net fixed assets 1,200 1,440 Long-term debt 300 360 Common stock 500 500 Retained earnings 430 650 If Decker had a financing surplus, it could remedy the situation by a. reducing its dividend. b. borrowing on its line of credit. c. borrowing from its retained earnings d. paying a special dividend e. issuing more common stock.
Answer:
Decker Enterprises
If Decker had a financing surplus, it could remedy the situation by
d. paying a special dividend
Explanation:
a) Data and Calculations:
Income statement
Current Projected
Sales na 1,500
Costs na 1,050
Profit before tax na 450
Taxes na 135
Net income na 315
Dividends na 95
Retained earnings na 220
Balance sheets
Current Projected Current Projected
Current assets 100 115 Current liabilities 70 81
Net fixed assets 1,200 1,440 Long-term debt 300 360
Common stock 500 500
Retained earnings 430 650
Total $1,300 $1,555 Total $1,300 $1,591
Gardner Corporation manufactures skateboards and is in the process of preparing next year's budget. The pro forma income statement for the current year is presented below. Sales $ 1,500,000 Cost of sales: Direct Material $ 250,000 Direct labor 150,000 Variable Overhead 75,000 Fixed Overhead 100,000 575,000 Gross Profit $ 925,000 Selling and G&A Variable 200,000 Fixed 250,000 450,000 Operating Income $ 475,000 The break-even point (rounded to the nearest dollar) for Gardner Corporation for the current year is:
Answer:
$636,364
Explanation:
Calculation to determine what The break-even point for Gardner Corporation for the current year is
First step is to calculate the Variable costs
Variable costs = $250,000 + $150,000 + $75,000 + $200,000
Variable costs = $675,000
Second step is to calculate the Contribution margin ratio
Contribution margin ratio = (Sales - Variable costs) / Sales
Contribution margin ratio= ($1,500,000 - $675,000) / $1,500,000
Contribution margin ratio= 0.55*100
Contribution margin ratio = 55%
Now let calculate the Break-even point
Break-even point = Fixed costs / Contribution margin ratio
Break-even point= ($100,000 + $250,000) / 0.55
Break-even point = $636,364
Therefore The break-even point (rounded to the nearest dollar) for Gardner Corporation for the current year is:$636,364
a. The company pays cash toward an account payable. b. The company purchases equipment on credit. c. The owner invests cash in the business. d. The company pays workers for wages earned. e. The company purchases supplies for cash. f. The company provides services for cash.
Answer:
a. The company pays cash toward an account payable. ⇒ Decreases an asset and decreases liability.
Cash is an assets and is reduced by this transaction. Accounts payable is a liability that is also reduced by this.
b. The company purchases equipment on credit. ⇒ Increases an asset and increases a liability.
Equipment is an asset so buying it increases assets. It was bought on credit however so liabilities increased.
c. The owner invests cash in the business. ⇒ Increase in assets and increase in equity.
Money brought into a business by the owner is equity and that increased here so this is an increase in equity. Cash is an asset so when it increases, so do assets.
d. The company pays workers for wages earned. ⇒ Decrease in asset and decrease in equity.
Cash was used to pay the workers so assets reduce. Wages earned are an expense that are reduced from income which is equity so equity reduces as well.
e. The company purchases supplies for cash. ⇒ Increase in asset and decrease in asset.
Purchases bring in inventory which are assets so assets increase. Cash was used to buy the asset and so it will reduce so assets will reduce. There is no net effect as these cancel each other out.
f. The company provides services for cash. ⇒ Increase in assets and increase in equity.
Services bring in income which is an equity transaction so equity increases. Cash increases as well as these services bring more cash so assets increase.
Line Corporation's balance sheet showed the following amounts for their liability and stockholders' equity accounts: Current Liabilities, $5,000; Bonds Payable, $1,500; Lease Obligations, $2,000; and Deferred Income Taxes, $300. Total stockholders' equity was $6,000. The debt-to-equity ratio is
Answer:
1.47
Explanation:
Debt to equity ratio = Debt / Equity
Debt to equity ratio = (Current liabilities + Bonds payable + Lease obligations + Deferred income taxes) / Total stockholder's equity
Debt to equity ratio = ($5,000 + $1,500 + $2,000 + $300) / $6,000
Debt to equity ratio = $8,800 / $6,000
Debt to equity ratio = 1.47
The money supply increased, and the AD curve did not shift to the right. This is consistent with the:________
a) monetarist transmission mechanism when there is a liquidity trap.
b) Keynesian transmission mechanism when there is a liquidity trap.
c) monetarist transmission mechanism when there is interest-insensitive investment.
d) Keynesian transmission mechanism when there is either a liquidity trap or interest-insensitive investment.
Answer:
b) Keynesian transmission mechanism when there is a liquidity trap.
Explanation:
Since the interest rate is so low, the public will have no incentive to deposit their cash into a bank or invest it in a company. This is a situation where the public will hold to their cash becasue they feel that a negative interest rate is possible. This type of situation could occur if the real interest rate is 0 and the public believes that the possibility of deflation exists and they will be better of by holding to their money.
The city council divides a community's residents into three groups: individual young adults, families with children, and older adults. The following table summarizes how much each group is willing to pay for each playground. Number of Playgrounds Amount Groups Are Willing to pay for Each Playground Individual Young Adults Families with Children $400 $2,000 Older Adults 1 $1,000 2 $300 $1,800 $900 3 $200 $1,600 $800 4 $100 $1,400 $700 5 so $1,200 $600 6 SO $1,000 $500 7 SO $900 $400 8 $o $800 $300 The city council must pay $2,250 to build each playground.
Which of the following is a characteristic of playgrounds and what is the optimal number of playgrounds for the township to build?
A. Playgrounds are nonrival in consumption, and the optimal number of playgrounds is zero.
B. Playgrounds are nonrival in consumption, and the optimal number of playgrounds is two.
C. Playgrounds are rival in consumption, and the optimal number of playgrounds is three.
D. Playgrounds are nonexcludable, and the optimal number of playgrounds is zero.
E. Playgrounds are excludable in consumption, and the optimal number of playgrounds is two.
Answer:
C. Playgrounds are rival in consumption, and the optimal number of playgrounds is three.
Explanation:
The computation is shown below:
For 3 playgrounds, total willingness to pay is
= 200 + 1600 + 800
= 2600 > Marginal cost (2250).
And,
For 4 playgrounds, total willingness to pay is
= 100 + 1400 + 700
= 2200 < Marginal cost (2250).
Therefore, 3 playgrounds should be considered as an optimal and playground would be rival
Type the correct answer in the box. Spell all words correctly.
What does an employer need to do before beginning the process of hiring?
Before beginning the process of hiring, an employer needs to develop a(n) blank
for the required job position.
An employer needs to develop a job post for the required job position before beginning the process of hiring.
What are the steps concerned in the hiring process?10 Steps of the Hiring Process:
Identification of Need. Understanding the Ideal candidate Creation of Job Posting. Alternative Sourcing Methods. Resume reviews/Job Application Screening Process. Identifying the Interview Panel. Interviewing Relevant Candidates.Reference Checks.Therefore, An employer needs to develop a job post for the required job position before beginning the process of hiring.
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Dana has standard consumer preferences over two goods: hours spent watching football (W) and hours spent playing football (P). He is indifferent between the bundles: A=(2W,1P) and B=(1W,2P). He is offered a third bundle C=(1.5W,1.5P). Based on the preference assumptions, what might we say about Dana's preferences for C relative to A or B?A. Dana might prefer C to A, and C to B.B. Dana might prefer C to A, and A to B.C. Dana might prefer C to A, and B to C.D. Dana might prefer A to C, and B to C.E. Dana might be indifferent between C, A, and B.
Answer:
The correct option is Dana might be indifferent between C, A, and B.
Explanation:
Note: See the attached photo for the indifference curve showing points A, B and C.
The answer can be explained using an indifference curve.
An indifference curve is a graph that depicts the combination of two commodities that provide equal satisfaction or utility to the consumer. A consumer is indifferent between the two commodities at each point on an indifference curve because all points on the curve provide him with the same level of satisfaction or utility.
In the attached photo, bundles A, B and C are plotted as points on the same indifference curve (IC). Since points A, B and C are on the same IC, it therefore implies that Dana might be indifferent between C, A, and B.
Therefore, the correct option is Dana might be indifferent between C, A, and B.
The principle of establishing responsibility does not include Group of answer choices one person being responsible for one task. authorization of transactions. independent internal verification. approval of transactions.
Answer:
independent internal verification.
Explanation:
Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.
The main purpose of internal controls is to guarantee that loss is eliminated by ensuring that there is an accurate and reliable accounting system.
One of the essential characteristics of internal control is the principle of establishing responsibility such as assigning responsibility to specific individuals. An internal control is considered to be most effective when an individual is solely responsible for a specific accounting task.
Hence, the principle of establishing responsibility include the following;
I. Only one person or an individual is being responsible for a task.
II. An individual is solely responsible for the authorization of transactions.
III. An individual is solely responsible for the approval of transactions.
Which career pathways require arm and hand steadiness as a qualification?
Biotechnology, Diagnostics, and Health Informatics
Biotechnology, Diagnostics, and Therapeutics
Therapeutics, Support Services, and Diagnostics
Therapeutics, Health Informatics, and Support Services
Answer:
C.
Explanation:
Therapeutics, Support Services, and Diagnostics
Answer:
C. Therapeutics, Support Services, and Diagnostics.
correct on edge unit test
This is a question I have on my Unit Test as I am typing this.
Explanation:
Winnebagel Corp. currently sells 24,600 motor homes per year at $36,900 each, and 9,840 luxury motor coaches per year at $69,700 each. The company wants to introduce a new portable camper to fill out its product line; it hopes to sell 15,580 of these campers per year at $9,840 each. An independent consultant has determined that if Winnebagel introduces the new campers, it should boost the sales of its existing motor homes by 3,690 units per year, and reduce the sales of its motor coaches by 738 units per year.
Answer:
The amount to use as the annual sales figure when evaluating this project is $1,831,617,600.
Explanation:
Note: This question is not complete as the requirement is not included. To complete question, the requirement is therefore provided before answering the question as follows:
Required: What is the amount to use as the annual sales figure when evaluating this project?
The explanation of the answers is now provided as follows:
New units of motor homes per year = Current units of motor homes per year + Expected increase in the unit of motor homes per year = 24,600 + 3,690 = 28,290
New units of luxury motor coaches per year = Current units of luxury motor coaches per year + Expected decrease in the unit of luxury motor coaches per year = 9,840 - 738 = 9,102
Annual sales figure = (New units of motor homes per year * Unit of motor homes) + (New units of luxury motor coaches per year * Unit price of luxury motor coaches) + (Expected units of portable camper * Unit price of portable camper) = (28,290 * $36,900) + (9,102 * $69,700) + (15,580 * $9,840) = $1,831,617,600
Therefore, the amount to use as the annual sales figure when evaluating this project is $1,831,617,600.
A coworker is crafting a sales message and asks for your advice. What tips can you share for the opening
Answer:
The answer is "Create a personalized action setting and make a promise to the reader".
Explanation:
Whenever a text is opened, it's important to get focus with opening length and a stronger aesthetics of the content. The message must be concise and relevant. The consumers of the message should pay close attention by providing linked incentives, promises, pertinent factual information, personalized action choices, and a statement comprising the name of the recipient. The content is of interest with the key point of purchase as well as the reader's emotional (i.e. whenever the item is vital) or rational attraction should sufficient. Ultimately, both advantages and purchase behavior of the readers.
At December 31, before adjusting and closing the accounts had occurred, the Allowance for Doubtful Accounts of Seaboard Corporation showed a debit balance of $3,200. An aging of the accounts receivable indicated the amount probably uncollectible to be $2,100. Given this information, write the year-end adjusting entry for Seaboard Corporation in Journal Entry format.
Answer:
Debit to Uncollectible Accounts Expense of $5,300.
Explanation:
Based on the information given the year-end adjusting entry for Seaboard Corporation in Journal Entry format will be DEBIT TO UNCOLLECTIBLE ACCOUNTS EXPENSES OF $5,300.
Uncollectible Accounts Expense=Allowance for Doubtful Accounts +Accounts receivable Uncollectible
Uncollectible Accounts Expense=$3,200+$2,100
Uncollectible Accounts Expense=$5,300
Using these data from the comparative balance sheet of Blossom Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.) Dec. 31, 2017 Dec. 31, 2016 Amount Percentage Amount Percentage Accounts receivable $ 497,000 Enter percentages % $ 435,000 Enter percentages % Inventory $ 735,000 Enter percentages % $ 555,000 Enter percentages % Total assets $3,101,000 Enter percentages % $2,758,000 Enter percentages %
Answer:
For 2017
Account receivable % = Account Receivable/Total Assets x 100
Account receivable % = $ 497,000/$ 3,101,000 * 100
Account receivable % = 0.16027088 * 100
Account receivable % = 16.0%
Inventory % = Inventory/Total Assets *100
Inventory % = $ 735,000/$ 3,101,000 * 100
Inventory % = 0.2370203 * 100
Inventory % = 23.7 %
Total Assets = $3,101,000 = 100%
For 2016
Account receivable % = Account Receivable/Total Assets * 100
Account receivable % = $ 435,000/$ 2,758,000 * 100
Account receivable % = 0.15772298 * 100
Account receivable % = 15.8%
Inventory % = Inventory/Total Assets * 100
Inventory % = $555,000/$ 2,758,000 * 100
Inventory % = 0.20123277 * 100
Inventory % = 20.1%
Total Assets = $2,758,000 = 100 %
If you have not been obligating your funds according to your obligation plan, you may become a prime candidate for losing your funds to other programs through __________. Reprogramming Expiration Incremental Funding The Misappropriation Act
Answer:
Reprogramming
Explanation:
In the case when you are not have an obligation with respect to the funds as per the obligation plan so there might be the chances to become a prime candidate for losing the funds to the other type of programs via reprogramming
So as per the given situation, the first option is correct
If an asset costs $132000 and is expected to have a $22000 salvage value at the end of its 10-year life, and generates annual net cash inflows of $22000 each year, the cash payback period is:_______.
a. 5 years.
b. 6 years.
c. 7 years.
d. 4 years.
Answer:
b. 6 years.
Explanation:
The cash payback period is the length of time it takes for the future cash flows to equal the amount invested in a project.
where, Amount Invested = Sum of Cash flows
therefore,
$132000 = $22000 + $22000 + $22000+ $22000 + $22000 + $22000
thus,
It takes 6 years for cashflows to equal $132000.
In an open economy, gross domestic product equals $2,450 billion, consumption expenditure equals $1,390 billion, government expenditure equals $325 billion, investment equals $510 billion, and net capital outflow equals $225 billion. What is national saving
Answer:
$735 billion
Explanation:
Calculation to determine the national saving
Using this formula
National saving =Gross domestic product-Consumption expenditure-Government expenditure
Let plug in the formula
National saving=$2,450 billion-$1,390 billion- $325 billion
National saving=$735 billion
Therefore the national saving is $735 billion
