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 101,000 Total fixed manufacturing overhead cost $ 595,900 Variable manufacturing overhead per direct labor-hour $ 3.00 Recently, Job P951 was completed with the following characteristics: Number of units in the job 25 Total direct labor-hours 100 Direct materials $ 840 Direct labor cost $ 10,100 The unit product cost for Job P951 is closest to: (Round your intermediate calculations to 2 decimal places.)
Answers
Related Questions
Think about a well-known company that you buy products/services from. Create a one-page document where you discuss how each risk (strategic, compliance, operational, financial, reputational) may affect the company and provide one example for each.
Answers
Th risk management strategies include identifying & assessing the possible threats and mitigate them such as strategic, compliance, operational, financial, reputational which certainly hamper the company's ability to survive in long-run.
What is risk?Someone or Something that poses a risk or causes the potential for loss or the dangers to an contract's coverage. or occurrence or likelihood of such a loss is termed as risk. Further as a "combination of the probability of an event and its repercussions," the risk would be described.
However business risk is the potential for a firm or organization to have lower earnings or failure. A business risk is anything that compromises a company's capacity to meet its financial objectives.
Further Market risk, credit risk, operational risk, strategic risk, liquidity risk, and event risk are just a few of the categories into which risks can be divided. One of the risk categories with the highest priority for every firm is financial risk. Financial risk is a result of market fluctuations, which can be influenced by a variety of causes.
Thus risk management strategies help to identifying & assessing the possible threats and mitigate them such as strategic, compliance, operational, financial risk etc.
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***I WILL GIVE BRAINLIEST*****
Jose can't wait to buy his first car next month. He imagines that he will make several new friends at school since everyone will want to ride in his car. He is even having a hard time concentrating on filling orders at the restaurant where he works. Does Jose's thinking have an ethical component? Who is most affected by Jose's conduct? *
Answers
Answer:
His thinking does NOT have a ethical componet.
HISELF is most affected by his conduct.
Answer:
C
Explanation:
im him
56 Points & BRAINLIEST Which of the following can be created between two tables which share a common field?
O Field report
O Relationship
O Datasheet
O Connections
Answers
i think the third option but i think its wrong i am unsure and i dont want to say thhe wrong thing
Five Card Draw manufactures and sells 23,000 units of Diamonds, which retails for $180, and 26,000 units of Clubs, which retails for $210. The direct materials cost is $25 per unit of Diamonds and $30 per unit of Clubs. The labor rate is $25 per hour, and Five Card Draw estimated 222,000 direct labor hours. It takes 4 direct labor hours to manufacture Diamonds and 5 hours for Clubs. The total estimated overhead is $666,000. Five Card Draw uses the traditional allocation method based on direct labor hours.
A. What is the gross profit per unit for Diamonds and Clubs?
B. What is the total gross profit for the year?
Answers
1. The computation of the gross profit per unit for Five Card Draw is as follows:
Diamonds Clubs
Gross profit per unit $43 $40
Total gross profit $989,000 $1,040,000
2. The total gross profit for Five Card Draw for the year is $2,029,000.
What is the gross profit?The gross profit is the difference between the sales revenue and the cost of goods sold.
The cost of goods sold by a manufacturing company is made up of direct costs (materials and labor) and some overhead costs.
Diamonds Clubs
Production and Sales Units = 23,000 units 26,000 units
Retail price per unit = $180 $210
Direct materials cost per unit $25 $30
Labor rate per hour $25 $25
Direct labor hours 4 5
Direct labor costs per unit $100 $125
Total estimated overhead = $666,000
Total estimated direct labor hours = 222,000
Overhead rate per DLH = $3 ($666,000/222,000)
Overhead cost per unit $12 $15 (5 x $3)
Total unit costs:
Direct materials cost per unit $25 $30
Direct labor costs per unit $100 $125
Overhead cost per unit $12 $15
Total unit costs $137 $170
Retail price per unit $180 $210
Gross profit per unit $43 $40 ($210 - $170)
Total gross profit $989,000 $1,040,000
= $2,029,000 ($43 x 23,000 + $40 x 26,000)
Thus, for the year, Five Card Draw will record a total gross profit of $2,029,000.
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5. John has two ATM transactions but only one of them has a fee (Interac). Why? ____________
Answers
Some of the reasons may be different ATM networks, Transaction details, different ATM cards, etc.
There can be several reasons why one of John's ATM transactions doesn't have a fee (Interac) while the other one does. A few of them are here:
Usage of Different ATM Networks: The two transactions might have been conducted using different ATM networks, hence why there was a fee for one and not for the other. Transaction details: The two ATM transactions might have been different or one might have crossed a limit and hence the charge. Usage of Different ATM cards: John might have used two different ATM cards, hence that's why he was charged a fee for one and not the other.Learn more about ATM transactions here:
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"One of the best methods of developing an economy is to expand local
markets so that the local community has access to all the markets.'
Based on the statement above, explain what local govemment needs to do to
expand local markets,
(2/2) (4
Answers
Answer:
This kinda hard
Explanation:
I can’t do it
You and nine of your wealthy friends decide to purchase a local minor league baseball team. The purchase price is $15 million, 60 percent of which you contribute to the business as capital. Your nine friends will contribute the remaining $6 million. All 10 of you agree that you will be the sole general manager of the business, making all business and baseball decisions, except as you delegate them to employees of the business, such as a team manager or vice president of baseball operations. Due to the way you will account for the purchase of the team and player salaries, you expect the business not to make a profit until year 4. You expect that all 10 of you will remain owners of the business for at least 10 years, at which time you expect to sell the team at a profit. Which business form do you believe is best for this business
Answers
Answer:
Limited liability company
Explanation:
A limited liability company is a company where the liabilities of partners is limited to the amount invested in the company. A limited liability company has features of both a partnership and a sole proprietorship
The partnership is made up of a general partner and the limited partners. the general partner is involved in the daily running of the business. The limited partners are not involved in the daily running of the business. They just contribute capital.
In this question, the person involved in the running of the business is the general partner while the other 9 friends are the limited partners.
Answer:
Limited liability Company
Explanation:
A limited liability company is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
Some of the benefits of an LLC include personal liability protection, tax flexibility, an easy startup process, less compliance paperwork, management flexibility, distribution flexibility, few ownership restrictions, charging orders, and the credibility they can give a business.
An LLC lets you take advantage of the benefits of both the corporation and partnership business structures. LLCs protect you from personal liability in most instances, your personal assets — like your vehicle, house, and savings accounts — won't be at risk in case your LLC faces bankruptcy or lawsuits.
Discuss the political, social, economic, technological and other
configurations that support cross-border trade by giving examples of any
multinational firms operating in Ethiopia
Answers
Answer: , I can give you an overview of the political, social, economic, and technological factors that support cross-border trade, along with some examples of multinational firms operating in Ethiopia.
Political Factors: - The government's policies and regulations play a significant role in supporting cross-border trade. - A favorable political climate encourages multinational firms to invest in the country.
- Ethiopia has implemented policies aimed at attracting foreign investors, such as tax incentives and relaxed regulations.
- The government's efforts to improve infrastructure, such as roads and ports, has also contributed to the growth of cross-border trade. Social Factors:
- The availability of skilled and affordable labor is an important factor that influences the growth of multinational firms in Ethiopia. - Ethiopia's young and growing population presents an opportunity for firms to expand their markets. - The cultural diversity of the country is also attractive to multinational firms seeking to expand their operations globally. Economic Factors: - Ethiopia has a liberalized economy with a stable macroeconomic environment that supports cross-border trade. - The country has made significant progress in economic reforms, including the privatization of state-owned enterprises. - Ethiopia's strategic location, with access to the Red Sea and proximity to the Middle East and Europe, has made it an attractive destination for multinational firms. Technological Factors: - Technology has played a significant role in supporting cross-border trade, making it easier and more cost-effective. - The use of e-commerce platforms has made it possible for multinational firms to reach customers in different parts of the world. - The availability of high-speed internet and mobile networks has also facilitated cross-border trade. Examples of Multinational Firms Operating in Ethiopia: - Coca-Cola is a global brand that operates in Ethiopia and has invested heavily in the country. - H&M, the Swedish fashion retailer, has opened stores in Ethiopia, taking advantage of the country's textile industry. - Unilever, the British-Dutch consumer goods company, has also invested in Ethiopia, setting up a manufacturing plant for its products. In conclusion, the political, social, economic, and technological factors mentioned above have contributed to the growth of cross-border trade in Ethiopia. This has attracted multinational firms to invest in the country, with many seeing Ethiopia as a potential hub for doing business in Africa
Explanation:
How can not having a checking account become expensive?
Answers
A checking account offers easy access to your money for your daily transactional needs and helps you cash secure.
In today's world it is important to have a checking account, for example in India even in rural areas people have checking accounts, which makes transactions easy and secure and it can become expensive if not have a checking account, for example, if a shopkeeper is not having change and you don't have a checking account then the transaction can become expensive, moreover, you will require to carry cash which will become expensive with less security.
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A company issued 10-year bonds three years ago with a coupon of 7 percent. If the current
market rate is 8 percent and the bonds make annual coupon payments, what is the current
market value of one of these bonds? what is the current market value of one of these bonds if it
was a zero-coupon rate? (2.5 Marks)
Answers
The current market value of one of these bonds with a 0% coupon rate is approximately $540.60.
What is market value?Market value is the amount that an asset would sell for on the open market or the estimation that the financial community makes of a specific equity or company.
To calculate the current market value of a bond with a coupon rate, we can use the present value of an annuity formula:
P = C / r * (1 - 1 / \((1 + r)^n\)) + FV / \((1 + r)^n\)
For a bond with a face value of $1,000, a coupon rate of 7%, and a market interest rate of 8%, the annual coupon payment is $70 ($1,000 x 7%).
The number of years to maturity is 7 (10 years - 3 years). Using these values in the formula, we get:
P = $70 / 0.08 x (1 - 1 / \((1 + 0.08)^7\)) + $1,000 / \((1 + 0.08)^7\)
P = $70 / 0.08 x 4.868 + $1,000 / \(1.08^7\)
P = $70 / 0.08 x 4.868 + $508.43
P = $759.73
Therefore, the current market value of one of these bonds with a 7% coupon rate is approximately $759.73.
For a zero-coupon bond, we can use the formula:
P = FV / \((1 + r)^n\)
P = $1,000 / \((1 + 0.08)^7\)
P = $540.60
Therefore, $540.60 is the current market value of one of these bonds with a 0% coupon rate.
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Carlson Auto Dealers Inc. sells a handmade automobile as its only product. Each automobile is identical; however, they can be distinguished by their unique ID number. At the beginning of 2021, Carlson had three cars in inventory, as follows:
Car ID Cost
203 $78,000
207 78,000
210 81,000
During 2021, each of the three autos sold for $108,000. Additional purchases (listed in chronological order) and sales for the year were as follows:
Car ID Cost Selling Price
211 $78,000 $108,000
212 78,000 111,000
213 79,500 not sold
214 81,000 114,000
215 84,000 118,500
216 82,500 not sold
217 87,000 123,000
218 84,300 124,500
219 90,000 not sold
Required:
Calculate 2021 ending inventory and cost of goods sold assuming the company uses the specific identification inventory method.
Answers
The Carlson Auto Dealers Inc.'s 2021 cost of ending inventory is $252,000 based on the specific identification inventory method.
2. The Carlson Auto Dealers Inc.'s Cost of Goods Sold for 2021 is $729,300 using the specific identification inventory method.
Data and Calculations:
Beginning Inventory of cars:
Car ID Cost
203 $78,000
207 78,000
210 81,000
Total = $237,000
Cost of Ending Inventory:
Car ID Cost
213 79,500 not sold
216 82,500 not sold
219 90,000 not sold
Total $252,000
Cost of Goods Sold:
Car ID Cost
203 $78,000
207 78,000
210 81,000
211 78,000
212 78,000
214 81,000
215 84,000
217 87,000
218 84,300
Total Cost = $729,300
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Warner Brothers Entertainment owns the rights to the intellectual property of the Scooby Doo cartoon show and its characters. A lunchbox menecturer
has reached an agreement with Warner Brothers Entertainment to use the Scooby Doo characters on their new line of lunchboxes. This is an example o
Multiple Choice
contract manufacturing
licensing
creating a subsidiary
franchising
Answers
Option B is the correct one. Using intellectual property rights, such as trademarks, patents, brand names, or technologies, is called licensing. It involves the licenser giving the licensee permission to do so under specific guidelines.
A contract or arrangement between two businesses known as a licensing is one that allows one business to give another permission to produce its goods in exchange for a certain fee and subject to certain terms.
The ability to safeguard a company's valuable assets, such as patents, trademarks, copyrights, and trade secrets, depends on having a solid grasp of how these assets operate and are produced.
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Question 7 of 10
What is the relationship between the nominal interest rate and the annual
percentage yield (APY)?
A. The nominal interest rate is calculated using the APY
B. The APY is calculated using the nominal interest rate,
C. The APY is the nominal interest rate divided by the number of
years for which a loan is taken out.
D. The nominal interest rate is the APY divided by the number of
years for which a loan is taken out
Answers
Answer: B : The APY is calculated using the nominal interest rate
Explanation:
B.The annual percentage yield (APY) is calculated using the nominal interest rate.
What Is the Difference Between Nominal Rate and APY?APY (annual percent yield) is the powerful interest price that tends to be greater relevant to borrowers and creditors. The client, normally the borrower, will pay an effective price that varies from the nominal (stated) rate based totally on fees and the impact of compounding.
What does APY depend on?That relies upon savings products. When you have a financial savings account, your APY is variable and might grow or lower based on market conditions. when you have a CD, the price you have got while you sign up is commonly the fee you will receive throughout your term.
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One advantage to buying a CD is that it can be purchased for different amounts. is high risk but comes with great rewards. can be used for long-term retirement. is high risk but backed by the government.
Answers
Answer: it can be purchased for different amounts.
Explanation:
A Certificate of Deposit is a financial services product normally offered by banks where a person agrees to leave a certain amount of money with the bank for a stated period of time.
These products give the bank a chance to invest in projects knowing that the cash will not be withdrawn haphazardly and so they offer higher amounts of interest than most other products.
One advantage is that there is no set amount for a CD and it can be purchased for different amounts.
Answer:
A or can be purchased for different amounts.
Explanation:
The Perspective explains mental characteristics and traits that are shared by all or most humans.
Answers
Answer:
The perspective being referred to is likely the evolutionary perspective, which suggests that certain mental characteristics and traits are shared by all or most humans because they have evolved to be adaptive and enhance survival and reproductive success. These may include things like fear of dangerous animals, attraction to healthy mates, and language acquisition abilities.
Explanation:
Volatile price changes, technological changes, and government intervention are what type of risks?
Answers
Volatile price changes, technological changes, and government intervention are external risks that can impact a company's operations and performance.
What are Volatile price changesVolatile price changes refer to fluctuations in input or product prices, which can affect profitability and cost structure. Technological changes can introduce advancements or disrupt an industry, requiring companies to adapt to avoid becoming obsolete.
Government intervention, through regulatory changes or policies, can create uncertainties and challenges for companies, affecting operations, costs, and market access.
To mitigate these risks, companies should implement risk management strategies such as diversification, contingency planning, staying informed about market trends, investing in R&D, and engaging with government stakeholders.
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The 3G Co. has $2,000,000 of assets, and its tax rate is 40%. Its basic earnings power ratio is 16%,and its ROA is 8%. What is its TIE ratio
Answers
Answer: 6%
Explanation:
The Times Interest Ratio is calculated by the formula;
= \(\frac{EBIT}{Interest}\)
Earnings Before Interest and Tax (EBIT)
BEP ratio = \(\frac{EBIT}{Total Assets}\)
EBIT = BEP ratio * Total Assets
= 16% * 2,000,000
= $320,000
Interest
(EBIT- Interest)(1- Tax rate) = Net income
EBIT - Interest = \(\frac{Net income}{(1- Tax rate)}\)
Interest = EBIT - \(\frac{Net income}{(1- Tax rate)}\)
Net Income = ROA * Total Assets
= 8% * 2,000,000
= $160,000
Interest = EBIT - \(\frac{Net income}{(1- Tax rate)}\)
= 320,000 - \(\frac{160,000}{(1- 0.4)}\)
= $53,333.33
Times Interest Ratio = \(\frac{EBIT}{Interest}\)
= \(\frac{320,000}{53,333.33}\)
= 6%
Question 3
You are a senior manager, and your spouse has a retirement plan with their
current employer. Within their plan are several restricted securities in EY audit
clients for which you are not a covered person. Is this in compliance with the US
Independence Policy?
Yes, as long as you are not a covered person and the senior manager's
spouse is still employed at the company, it is allowable.
O
Yes, as long as you are not the beneficiary of the plan, it is allowable.
No, they are allowed to hold covered person restricted securities in their
current employer plan but not fully restricted securities.
No, as a senior manager, you cannot hold any restricted securities even
when part of a spouse's employer benefit plan.
Answers
Yes, provided that you are not a covered individual and the senior manager's spouse is still a worker for the organization.
The Firm's Independence Policy must be followed by all EY client-facing employees, even those who are related to senior manager's them immediately. Searches must be conducted to discover whether financial relationships are allowed or forbidden. If the searched security is not among the results, you may not conclude that a security is acceptable. Please make a request for help.
The External Independence System Security Search is used to determine whether or not EY employees senior manager's and their close relatives are allowed to purchase securities (such as stocks, bonds, mutual funds, etc.).
This website is used by candidates thinking about working at EY as client-serving professionals to ascertain whether financial links are allowed senior manager's and to iron out any independence concerns before commencing.
Using this website, financial advisors and money managers can find out which investments are acceptable for professionals and their close relatives. Executive directors, partners, senior managers, and managers at EY are required to report their security holdings to the Independence Monitoring System. To update the Independence Monitoring System within 10 days of purchase, give the professional the GIS security ID, security codes, or ticker information on security purchases.
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Mrs. Slayman slays all day. She slays 17 times a second. Approximately how much Slaying does Mrs. Slayman do in a day?
Answers
Mrs. Slayman slays approximately 1,468,800 times in a day.
How to calculate much Slaying does Mrs. Slayman do in a dayIf Mrs. Slayman slays 17 times every second, then in one minute (60 seconds), she slays:
17 times/second * 60 seconds = 1020 times/minute
In one hour (60 minutes), she slays:
1020 times/minute * 60 minutes = 61,200 times/hour
And in one day (24 hours), she slays:
61,200 times/hour * 24 hours = 1,468,800 times/day
Therefore, Mrs. Slayman slays approximately 1,468,800 times in a day.
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do Businesses operate separately from society as a whole.
Answers
Businesses do not operate separately from society as a whole. In fact, businesses are an integral part of society and their operations can have significant impacts on various aspects of society, including the economy, the environment, and social issues.
Firstly, businesses are a key contributor to the economy of a society. They generate income, create jobs, and drive innovation, which in turn fuels economic growth and development. The success of businesses is closely tied to the health and well-being of the economy, and vice versa.
Secondly, businesses can have significant impacts on the environment. Their operations can result in pollution, depletion of natural resources, and other negative environmental effects. As such, businesses have a responsibility to operate in a sustainable manner, reducing their environmental impact and promoting sustainable practices.
Thirdly, businesses can also have an impact on social issues such as inequality, discrimination, and human rights. For example, businesses may choose to operate in a way that promotes diversity and inclusivity, or they may take steps to ensure that their operations do not contribute to human rights abuses or other negative social impacts.
In conclusion, businesses are an important part of society and their operations are closely interconnected with various aspects of society. As such, businesses have a responsibility to operate in a way that takes into account their impact on society as a whole, including the economy, the environment, and social issues. This is why many businesses are increasingly adopting corporate social responsibility (CSR) policies and practices, which aim to ensure that their operations are sustainable, socially responsible, and contribute positively to society.
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Which diagram arranges the types of business organizations from the most complicated to start to the least complicated to start?
Answers
Answer:
C. Corporation- partnership - Sole Proprietorship
Explanation:
Corporation- partnership—Sole Proprietorship is the diagram arranges the types of business organizations from the most complicated to start to the least complicated to start. Hence, option C is correct.
What is partnership?Partnership is the deal between the two person or party to start the business, partnership can be legally registered or can also start without the partnership agreement.
In partnership the investment is invested by both the partners that and the profit and loss is divided into equally.
Thus, option C is correct.
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why are manufactured goods more valuable to the economy than services (select all that apply)
1. manufactured goods can be exported to other countries
2. manufacturing workers have more money to spend on other goods and services
3. manufactured goods are less expensive than handmade goods
4. manufacturing workers save more money than other workers.
Answers
On July 1, 2019, Pharoah Company purchased new equipment for $80,000. Its estimated useful life was 8 years with a $16,000 salvage value. On January 1, 2022, before making its depreciation entry for 2022, the company estimated the remaining useful life to be 10 years beyond December 31, 2022. The new salvage value is estimated to be $5,000. Compute the revised annual depreciation on December 31, 2022.
Answers
Answer:
Pharoah Company
Revised Annual Depreciation on Dec. 31, 2022:
= Depreciable amount divided by 10 years
= $55,000/10 = $5,500
Explanation:
a) Data:
July 1, 2019: Equipment Purchase $80,000
Estimated useful life = 8 years
Salvage value = $16,000
b) Computations:
Depreciable amount = $64,000 ($80,000 - 16,000)
Annual Depreciation Expense = $8,000 ($64,000/8)
Six months Depreciation Expense = $4,000 ($8,000/2)
c) Accumulated Depreciation from July 1, 2019 to Jan. 1, 2022:
July 1, 2019 to Dec. 31, 2019 = $4,000
Jan. 1, 2020 to Dec. 31, 2020 = $8,000
Jan. 1, 2021 to Dec. 31, 2021 = $8,000
Total = $20,000
d) Revision of Estimates:
Jan. 1, 2022, Book Value = Cost minus Accumulated Depreciation ( $80,000 - $20,000) = $60,000
Re-estimated salvage = $5,000
Depreciable amount =$55,000
Remaining useful life = 10 years
Annual Depreciation Expense = $5,500 ($55,000/10)
e) Depreciation is an accounting estimate used as a way of expensing the cost of a fixed asset over its useful life. It is in line with the accrual concept and matching principle of generally accepted accounting principles, which require expenses and revenues to be matched to the related period, expenses and revenues. It is based on the judgement of management and can be revised in line with changing circumstances and judgements. There are many methods for accounting for depreciation, including the straight-line as above, the unit of production method, double declining, sum of the years digit method, and accelerated methods like the MACRS or Modified Accelerated Cost Recovery System for tax accounting.
Taylor Swift Corporation purchases a patent from Salmon Company on January 1, 2020, for $54,000. The patent has a remaining legal life of 16 years. Taylor Swift feels the patent will be useful for 10 years. Prepare Taylor Swift's journal entries to record the purchase of the patent and 2020 amortization.
Assume that at January 1, 2019, the carrying amount of the patent on Taylor Swift's books is $43, 200. In January, Taylor Swift spends $24,000 successfully defending a patent suit. Taylor Swift still feels the patent will be useful until the end of 2026. Prepare the journal entries to record the $24,000 expenditure and 2019 amortization.
Answers
Answer:
Taylor Swift Corporation
a Journal Entries:
Jan. 1, 2020:
Debit Patent $54,000
Credit Cash $54,000
To record the purchase of patent purchased from Salmon Company.
December 31, 2020:
Debit Amortization Expense $5,400
Credit Accumulated Amortization - Patent $5,400
To record the amortization expense for the year.
b) Journal Entries:
January 1, 2019:
Debit Patent $24,000
Credit Cash $24,000
To record cash for defending the patent.
December 31, 2019:
Debit Amortization Expense $8,400
Credit Accumulated Amortization - Patent $8,400
To record the amortization expense for the year.
Explanation:
a) Data and Calculations:
January 1, 2020 Purchased Patent from Salmon Company = $54,000
Estimated useful life = 10 years
Annual amortization expense - $5,400 ($54,000/10)
b) Carrying amount of Patent on January 1, 2019 = $43,200
Amount spent to successfully defend the patent 24,000
Total value of patent = $67,200
Estimated useful life = 8 years (January 1, 2019 to December 31, 2026)
Annual amortization expense = $8,400 ($67,200/8)
b) The $24,000 spent for the successful defense of the patent will be capitalized. This means that the carrying balance of the Patent changes from $43,200 to $67,200. Amortization is calculated based on $67,200 on a straight-line basis for 8 years.
Journal Entry is the 1st step of the accounting cycle that records only the monetary business transactions. It uses a double-entry bookkeeping system as it provides the dual effect of each transaction in the books of accounts. These entries are used further to prepare books of accounts.
Find the attachment for the given Journal Entry.
(a) Data and calculations:
January 1, 2020 - Purchases done by Salmon Company = \(\\) 54, 000.
Useful Life Estimated = 10 years
Amortization Expese Annually = \(\dfrac{54, 000}{10}\) = \(\\) 5,400.
(b) Carrying Amount Patent on Jan 1, 2019 = \(\\) 43, 200.
Amount Spent Successfully to defend the patent = \(\\) 24, 000.
Total Value = \(\\) 67, 200.
Estimated Useful Life = 8 years
Amortization Expense Annually = \(\dfrac{67, 200}{8}\) = \(\\) 8, 400.
Hence, the \(\\) 24, 000 will be spent for the successful defense of the patent will be capitalized. This means that the carrying balance of the Patent Changes from dollar 43, 200 to 67, 200. The amortization for straight 8-years is calculated at $67,200.
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Explain 2 reasons why businesses create business plan?
Answers
provide an estimate of your start-up costs, and how much you'll need to invest or finance.
Increases in profits would let an entrepreneur owner know which of the following
A That increasing price at this point would definitely increase profits.
B That that it is time to consider additional advertising.
C That it would be safe to cut back on advertising and pocket the savings.
D That they may be able to expand their product lines with additional products.
E That they have correctly identified the target markets of their products or services,
F. That consumers like the products and services being offered.
Answers
Answer:
A
Explanation:
because it's increasing price at this point or
it would definitely increase
hehe
By promoting transparency, the government can improve
a.profit margins
b.economies of scale
c.market efficiency
d.zoning
Answers
Answer:
Option c. is correct
Explanation:
By promoting transparency, the government can improve market efficiency.
The government should be transparent as transparency will also strengthen the democracy and effectiveness in Government. Openness provides information to the citizens about what their Government is doing for them.
Option c. is correct
The order of presentation of activities on the statement of cash flows is______________
1 point
a) Operating, Investing, and Financing.
b) Operating, Financing, and Investing.
c) Financing, Operating, and Investing.
d) Financing, Investing, and Operating.
Answers
The order of presentation of activities on the statement of cash flows is Operating, Financing, and Investing.
The option (B) is correct.
Cash flows are classified and introduced into working exercises (either utilizing the 'immediate' or 'circuitous' technique), contributing exercises, or funding exercises, with the last two classes commonly introduced on a gross premise. as it shows whether the business has sufficient fluid money to put in now is the ideal time and invest in assets.
When creating your income statement, list incomes first. Then, at that point, drill down any costs your organization had during the period and take away the costs from your income. The lower part of your pay proclamation will let you know whether you have a net gain or shortfall for the period.
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A friend proposes a gamble to you. You roll 2 fair, six-sided dice, and add up the results of each die to find your total number. If your roll totals a 5 or 7, your friend pays you $10. If you roll any other total, you pay your friend $4. What is your expected payoff from playing this game 100 times
Answers
The payoff if you gamble 100 times is 22 dollars.
What is the probability of getting a 5 or a 7?When you roll two dices, there are 36 different probabilities. Based on this number let's find out the probability of getting a 5 or a 7.
5= 1+4 / 4+1 /2+3 /3+27= 1+6/6+1 /2+5/ 5+2/3+4/4+3This means the probability is 10/36 or 0,277 or 27%.
How many times will you probably win?If you play 100 times you will win 27 times, this means you will get $270. In the same way, you will lose 73 times and this means you will pay $292.
This means the payoff would be -22 dollars (292-270=22).
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a corporation has taken out a loan to finance a new operation. What is the name of that type of financing called? A .Collateral financing B. debt financing C. bank financing D. retained earnings financing?
Answers
Since the corporation took out a loan, the name of that type of financing is called debt financing.
What are the two major funding options for corporations?The two primary funding options for corporations are debt financing and equity financing.
Debt financing entails taking a loan from a bank or selling fixed-income securities like bonds.
Equity financing is the practice of raising funds through the selling of shares.
As the corporation took out a loan, the name of that type of financing is called debt financing.
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