Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 5,600 50% Conversion costs $ 1,800 20% A total of 6,900 units were started and 6,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost Materials costs $ 158,800 Conversion costs $ 120,500 The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. What are the equivalent units for conversion costs for the month in the first processing department

Answers

Answer 1

Answer:

6,500

Explanation:

As per the given question the solution of equivalent units for conversion costs  is provided below:-

To reach the equivalent units of conversion first we need to find out the ending inventory units which is below:-

Ending inventory units = Beginning units + Started - Units completed

= 500 + 6,900 - 6,200

= 7,400 - 6,200

= 1,200

Equivalent units of conversion = Units completed + Ending Work in progress

= (6,200 × 100%) + (1,200 × (100% - 75%))

= 6,200 + 300

= 6,500

So, we have calculated the equivalent units of conversion by using the above formula.  


Related Questions

which is the following is a business outcome of Digital SEP

Answers

The one that is a business outcome of digital SEP is option A. Agility

What is business outcome of digital SEP?

The business outcome of digital SEP (Sales Enablement Platform) is an increase in sales performance and efficiency. It allows sales teams to access the right content, insights, and analytics to make better decisions and close more deals.

It also helps to reduce the amount of time spent on sales activities and increase the amount of time spent on customer interactions. Additionally, it can help to improve customer experience and loyalty, leading to higher customer satisfaction and retention rates.

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The complete question goes thus:

Which of the following is a business outcome of digital SEP -

a) Agility

b) Risk management

c) Financial leadership

d) All

Question 2 of 10
As an employee, which of the following is a situation where you would make a
report to OSHA?
A. Your employer did not notify OSHA within one hour of a workplace
hospitalization.
B. Your employer informed you about chemical hazards in the
workplace.
C. Your employer fired you for not taking the required safety
precautions.
D. Your employer requires workers to buy their own safety
equipment.

Question 2 of 10As an employee, which of the following is a situation where you would make areport to

Answers

The final option is the best choice because Your employer mandates that employees purchase their own safety gear.

What does OSHA stand for?

A situation where workers are immediately at risk of serious physical harm or death is OSHA's top priority for inspection. Any fatality, catastrophe, or accident requiring the hospitalisation of three or more employees receives second priority.

The Occupational Safety and Health Administration (OSHA) was established by Congress with the Occupational Safety and Health Act of 1970 to ensure that workers have safe and healthy working conditions by establishing and enforcing standards as well as by offering outreach, education, and assistance.

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Solaris Corporation prepared the following estimates for the four quarters of the current year: First QuarterSecond QuarterThird QuarterFourth Quarter Sales$1,400,000 $1,680,000 $1,960,000 $2,240,000 Cost of goods sold 444,000 524,000 594,000 644,000 Administrative costs 450,000 255,000 260,000 270,000 Advertising costs 0 140,000 0 0 Executive bonuses 0 0 0 84,000 Provision for bad debts 0 0 0 50,000 Annual maintenance costs 68,000 0 0 0 Additional Information First-quarter administrative costs include the $190,000 annual insurance premium. Advertising costs paid in the second quarter relate to television advertisements that will be broadcast throughout the entire year. No special items affect income during the year. The company estimates an effective income tax rate for the year of 25 percent. Assuming that actual results do not vary from the estimates provided, determine the amount of net income to be reported each quarter of the current year. Assume that actual results do not vary from the estimates provided except for that in the third quarter, the estimated annual effective income tax rate is revised downward to 22 percent. Determine the amount of net income to be reported each quarter of the current year.

Answers

1. The amount of net income to be reported each quarter by Solaris Corporation are determined as follows:

Solaris Corporation Income Statements by Quarters

                                          1st Quarter  2nd Quarter  3rd Quarter  4th Quarter

Sales                                 $1,400,000   $1,680,000  $1,960,000 $2,240,000

Cost of goods sold               444,000        524,000      594,000       644,000

Gross profit                       $956,000    $1,156,000 $1,366,000 $1,596,000

Total Expenses:

Administrative costs            260,000       255,000      260,000       270,000

Insurance Expense                47,500          47,500         47,500         47,500

Advertising costs                   35,000         35,000         35,000         35,000

Executive bonuses                 21,000          21,000         21,000          21,000

Provision for bad debts         12,500          12,500         12,500           12,500

Annual maintenance costs   17,000           17,000         17,000           17,000

Total Expenses               $393,000     $388,000   $393,000    $403,000

Income before taxes     $563,000     $768,000    $973,000  $1,193,000

Taxes (25%)                        140,750       $192,000    $243,250    $298,250

Net income                    $422,250      $576,000    $729,750    $894,750

2. Solaris Corporation will report the quarter net incomes, based on income tax rate of 22% from the third quarter, as follows:

Solaris Corporation Income Statements by Quarters

                                          1st Quarter  2nd Quarter  3rd Quarter  4th Quarter

Sales                                 $1,400,000   $1,680,000  $1,960,000 $2,240,000

Cost of goods sold               444,000        524,000      594,000       644,000

Gross profit                       $956,000    $1,156,000 $1,366,000 $1,596,000

Total Expenses:

Administrative costs            260,000       255,000      260,000       270,000

Insurance Expense                47,500          47,500         47,500         47,500

Advertising costs                   35,000         35,000         35,000         35,000

Executive bonuses                 21,000          21,000         21,000          21,000

Provision for bad debts         12,500          12,500         12,500           12,500

Annual maintenance costs   17,000           17,000         17,000           17,000

Total Expenses               $393,000     $388,000   $393,000    $403,000

Income before taxes     $563,000     $768,000    $973,000  $1,193,000

Taxes (25%) (22%)             140,750       $192,000     $214,060    $262,460

Net income                    $422,250      $576,000   $758,940    $930,540

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an entrepreneur worked in a certain industry for 8 years to generate the business idea to start his own enterprise the entrepreneur used his own​

Answers

An entrepreneur utilized his own experience to develop the business concept to launch his own company after working in a certain field for 8 years.

Contrary to an entrepreneur who establishes a business from scratch, who starts a business using an idea or concept that already exists?

An entrepreneur is a person who creates a business from an existing idea and sells goods and services to customers. Entrepreneur is a term used to describe a person who starts a company with a fresh idea or concept and engages in commercial activities.

What actions would a business owner that is actively seeking new possibilities take?

Entrepreneurship is the activity of a person who is continually looking for new things and converting those ideas into lucrative prospects by accepting risk and uncertainty in the business.

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The complete question is:

An entrepreneur worked in a certain industry for 8 years to generate the business idea to start his own enterprise the entrepreneur used his own​ _______

Alice rented her personal residence for 12 days to summer vacationers for $3,400. She has AGI of $91,000 before the rental income. Related expenses for the year include the following:
Real Property taxes $3,640
Utilities 5,250
Insurance 600
Mortgage interest 6,400
Repairs 520
Depreciation 12,000
a) What is the net rental income includible in AGI?
b) Is mortgage interest and property taxes deductible on Schedule A?

Answers

Answer: $95,000

Rental income

Rental income is the income received from the property which is given on rent by the owner of the property, rental income is also a taxable income. It is a part of the income from house property.

A)

Gross Receipts $ 3400

Less: Property Tax (3640*12/365) - $ 119.67

$ 3280.33

B) Mortgage interest will not be deductible.

Adjusted gross income(AGI) is the income that is calculated after deducting all the line deduction items that are included in form 1040. It is used to calculate the net income tax due.

The rental income earned by Lupe's on her personal residence amounting to $3,800 shall not be included for the purpose of calculating AGI and therefore all the expenses mentioned in the question regarding the Lupe's personal residence shall not be considered for calculating AGI and hence the Lupe's AGI will be $95,000.

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Do interest rates matter for credit cards?

Answers

Credit cards can cost you money if you don't pay your bills on time because the interest rates charged by lending organisations have a significant negative influence on both your personal finances and credit score.

The best credit card APR is one that is around 10%, but you might need to visit your neighbourhood bank or credit union to discover one. An APR that is lower than the average would also be regarded favourably by the Federal Reserve, which monitors credit card interest rates. If you settle your bill in whole each month, APR is irrelevant. It doesn't matter whether your credit card has a 10 percent or 25 percent interest rate.

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On June 1, Barlow Inc. performed services and billed its client, Bertram Enterprises $1,500. On June 9, Bertram paid the account in full. The combined effect of these two transactions on Bertram’s tabular analysis is:

Answers

The effect of these two transactions is that, Bertram liability towards the payment of the amount of bill will decrease on June 9.

What is bill?

A bill is defined as an instrument that is given to another person as a proof of purchase, and it also denotes that how much the amount would be paid by one person to another.

On June 1, Barlow Inc. completed work for Bertram Enterprises and billed them $1,500. Bertram paid the account in full on June 9th.

Bertram's tabular analysis is affected by the combined effect of these two transactions, are shown in the image below.

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On June 1, Barlow Inc. performed services and billed its client, Bertram Enterprises $1,500. On June

Explain in two ways how your community can support the 16days of activism

Answers

Hosting events and creating social media campaigns are just two ways that your community can support the 16 days of activism campaign. By coming together and taking action, we can create a safer.

The 16 days of activism is a global campaign that aims to raise awareness about gender-based violence and empower individuals to take action against it.

Hosting Events: One way to support the 16 days of activism is by hosting events in your community. These events can range from panel discussions, workshops, film screenings, and rallies.

By hosting these events, you can bring together members of your community to discuss the issue of gender-based violence, share their experiences, and brainstorm ways to address it. Additionally, hosting events can help to raise awareness about the campaign and encourage more people to get involved.

Social Media Campaigns: Another way to support the 16 days of activism is by creating social media campaigns. Social media has become a powerful tool for advocacy, and you can use it to raise awareness about gender-based violence and the 16 days of activism campaign.

You can create posts that highlight the importance of the campaign, share stories of survivors of gender-based violence, and encourage others to take action. By creating social media campaigns, you can reach a wider audience and inspire more people to get involved in the fight against gender-based violence.
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You are given the following particulars of a business having three departments: 963
Department
Purchases
Opening Stock
A
200 units
B
300 units
ISO units
71
1500 units
1000 units
2000 units
Additional Information:
1. Purchases were made at total cost of Rs.92,000.
2. The % of gross profit on turnover is the same in each case.
3. Purchases & Sales prices are constant for the last 2 years.
4. Selling price per unit:
A
Department
B
C
You are required to prepare Departmental Trading Account.
Closing Stock
100 units
160 units
200 units
Rs.
20
25
30

Answers

I’m pretty sure it’s a

QUESTION TWO
a) A bakery bakes cakes under the brand name “super cakes.” Irene Juma, the manageress does not know the cost of each cake. She therefore gathers data on the total cost of each day’s production for the last 10 days. The results are shown in the table below:
Day Number of cakes (‘00’ units) Total cost (Sh. ‘000’)
1 22.5 23.0
2 21.0 21.6
3 27.5 23.3
4 21.5 24.0
5 30.0 28.2
6 20.0 22.4
7 24.0 23.1
8 26.5 25.3
9 18.3 20.1
10 17.0 16.5
Required:
i) Estimate the total cost function using the ordinary least squares method. State the fixed cost and unit cost. (11 marks)
ii) If each cake is sold at Sh. 10, determine the break even number of cakes. (3 marks)

b) Two different models are available for the same machine. The production statistics (number of units produced per hour) of these two models are given below. The data was collected on different days.
Model A: 180, 176, 184, 181, 190, 137,
Model B: 195, 194, 190, 192, 187, 185, 187,
Will you conclude that Model A and Model B have the same productivity (6Marks)

Answers

a) i) Using ordinary least squares, the estimated total cost function for the bakery's "super cakes" is Total Cost (Sh. '000') = 4.07 + 0.81 * Number of cakes ('00' units).

ii) The break-even number of cakes is approximately 21.42 cakes.

b) Model A has an average productivity of 171.33 units per hour, while Model B has an average productivity of 190.71 units per hour. We cannot conclude that they have the same productivity.

a) i) To estimate the total cost function using the ordinary least squares method, we can use the given data on the number of cakes and total cost for the last 10 days. Let's denote the number of cakes as X and the total cost as Y.

Using a linear regression model, we can find the equation of the line that best fits the data. The general form of the linear equation is Y = a + bX, where a represents the fixed cost and b represents the unit cost.

We can calculate the values of a and b using the ordinary least squares method. This involves minimizing the sum of the squared differences between the observed total cost and the predicted total cost based on the equation.

After performing the calculations, we obtain the following results:

a = 4.07 (fixed cost)

b = 0.81 (unit cost)

Therefore, the estimated total cost function for the bakery's production of "super cakes" is:

Total Cost (Sh. '000') = 4.07 + 0.81 * Number of cakes ('00' units)

ii) To determine the break-even number of cakes, we need to find the number of cakes at which the total cost equals the total revenue. Since each cake is sold at Sh. 10, the revenue function can be expressed as Revenue = 10 * Number of cakes ('00' units).

Setting the total cost function equal to the revenue function, we have:

4.07 + 0.81 * Number of cakes = 10 * Number of cakes

Simplifying the equation, we find:

0.19 * Number of cakes = 4.07

Dividing both sides by 0.19, we get:

Number of cakes = 21.42

Therefore, the break-even number of cakes for the bakery is approximately 21.42 cakes.

b) To conclude whether Model A and Model B have the same productivity, we can analyze the production statistics provided for both models. Based on the data, we can calculate the mean (average) number of units produced per hour for each model.

Model A: (180 + 176 + 184 + 181 + 190 + 137) / 6 = 171.33

Model B: (195 + 194 + 190 + 192 + 187 + 185 + 187) / 7 = 190.71

From the calculated means, we can see that Model A has a lower average productivity (171.33 units per hour) compared to Model B (190.71 units per hour). Therefore, based on the given data, we cannot conclude that Model A and Model B have the same productivity.

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define pay back method of investment evaluation​

Answers

Payback is perhaps the simplest method of investment appraisal. The payback period is the time it takes for a project to repay its initial investment. Payback is used measured in terms of years and months, though any period could be used depending on the life of the project (e.g. weeks, months).

Should firms require higher rates of return on foreign projects than on identical projects located at home? Explain.

Answers

Probably yes coming from s middle schooler yes because it will be good to work in you house because it’s a better and comfortable environment

00 For Market failures means that the market has not achieved its optimum production outcome. This means that it has not produced the correct quantity of goods and services. QUESTION 1 Conduct a research to any small business that is manufacturing goods in your community. Make an appointment to interview the owner for the purpose of collecting the information using the questionnaire below. 1.1 General information: ● Name of the firm / business Specify the type of goods or service ● ● Position of the person interviewed ● Date of the interview 1,2 Explain briefly the negative impact the following factors have in your business. (10) Lack of information: ● Price discrimination Immobility of factors of production with special reference to: Physical capital Structural changes ● ● (1) ● (1) (1) (1) [14] QUESTION 2: Interview 3-4 community members that reside near the business you have visited. 2.1 Ask them to name any TWO negative externalities and TWO positive externalities caused by the local business, (2 x 2) (4) 2.2 Request them to list any TWO characteristics of public goods. (2 x 1) (2) 2.3 Use the negative externality and positive externality graphs to explain the impact this business have to the society (10) [16]​

Answers

The first step in researching a small business in your neighborhood is to find a suitable nearby manufacturing company.

Once you do, contact the manager or owner to arrange an interview. Gather general information during the interview, such as the name of the company or business, what types of products or services they provide, the interviewer's position, and the time and date of the interview.

Then, focus on the detrimental effects different situations can have on the company. Briefly describe the impact on business of informational gaps, price discrimination, immobility of production variables (with a focus on physical capital), and structural changes.

Interview three to four locals who live close to the establishment you just visited. Ask them to list two unfavorable and two beneficial externalities brought about by the neighborhood business. Ask them to add two properties of public goods to the list as well.

Finally, use the data from the interviews to create graphs showing the positive and negative externalities of business on society. These infographics will graphically describe the costs and benefits that the company's neighborhood has.

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During the assessment phase of networking, it’s best to be specific about your business _______.

Doing some research on the key players will help you make the most of business _______ or _______.

Chatting with other people at parties or meetings is a great way to make _______.

When out networking people in _______ naturally gravitate to others.

Based on what you've read, respond to the following.

List two of the qualities that help form a strong foundation for business relationships.

What are two important stages in making business connections?

Answers

1. During the assessment phase of networking, it is best to be specific about your business objectives.

2. Doing some research on the key players will help you make the most of business contacts or opportunities.

3. Chatting with other people at parties or meetings is a great way to make connections.

4. When out networking, people naturally gravitate to others.

Business relationships are an essential aspect of all types of business enterprises, whether large or small. Developing good relationships is vital to the success of any business. Two qualities that help form a strong foundation for business relationships are trust and reliability. These two qualities help establish a sense of honesty, transparency, and consistency in business practices.

Trust and reliability are vital components of business relationships because it creates a safe and comfortable environment for business partners to communicate freely, share ideas, and brainstorm on how to grow the business together. In addition, it provides an avenue for open discussions and sharing of constructive feedback that will help businesses identify areas of improvement.

The two most important stages in making business connections are networking and relationship building. Networking is a critical stage in business development because it enables businesses to build a vast array of contacts that they can leverage to grow their business. Relationship building, on the other hand, focuses on building trust and nurturing relationships with clients, partners, and other stakeholders.

This stage requires a long-term commitment and entails consistent communication and transparency to establish a sense of mutual trust and respect. To conclude, strong business relationships are essential to the success of any business. Building such relationships takes time and effort. Trust and reliability are crucial elements that can help establish a strong foundation for business relationships. Networking and relationship building are two vital stages in making business connections, and they require commitment, time, and effort.

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Company: Verizon Wireless
Questions:
1. Provide a brief history of the company.
2. What is the company’s mission statement? What are the company’s goals?
3. What is the company’s general environment? What is the company’s task environment? What is the company’s internal environment?
4. How does the company handle corporate social responsibility?
5. Complete a SWOT Analysis for the company.
6. What is the company’s generic strategy (Cost Leadership, Differentiation, Focus)? Does the product life cycle strategy pertain to them? If so, give an example.
7. What is the company’s perspective on diversification (Single-Product, Related, or Unrelated) of their business? If applicable, complete a BCG Matrix for the company.
8. What are some examples of programmed decisions the company makes? What are some examples of non-programmed decisions the company makes?
9. What is the organization’s structure (basic form of an organization)? Do they utilize job specialization, enlargement, or enrichment? If so, how?
10. How do they handle HR issues, such as employee compensation, hiring, etc.?
PLEASE ANSWER FULLY AND PROVIDE THE SOURCES OF WHERE YOU GOT THE INFO FROM IN MLA OR APA FORMAT

Answers

When Bell Atlantic and GTE merged to form Verizon Communications in 2000, it was born.

Provide a brief history of the company.

1. Millions of customers in the US receive wireless services from Verizon Wireless, an American telecommunications company. When Bell Atlantic and GTE merged to form Verizon Communications in 2000, it was born. The biggest wireless telecommunications company in the US right now is Verizon Wireless. 2. "Enable people and businesses to communicate with each other" is the company's stated mission. Its objectives are to offer customers dependable, high-quality wireless service, to broaden network coverage, and to provide cutting-edge goods and services that cater to customers' shifting needs. 3.Economic trends, governmental restrictions, and technological advancements are a few examples of the factors that make up Verizon Wireless' overall environment. Customers, suppliers, and competitors all make up the task environment. The organisational culture, structure, and resources are all part of the internal environment.

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During Year 1, Chung Corporation earned $7,000 of cash revenue and accrued $4,100 of salaries expense. Required Based on this information alone: Prepare the December 31, Year 1, balance sheet. Determine the amount of net income that Chung would report on the Year 1 income statement. Determine the amount of net cash flow from operating activities that Chung would report on the Year 1 statement

Answers

Based on the information given  the amount of net income that Chung would report on the Year 1 income statement is $2,900.

Net Income:      

Using this formula

Net income=Cash Revenue-Salary Expense

Where:

Cash Revenue=$7,000

Salary Expense=$4,100

Let plug in the formula

Net income=$7,000-$4,100

Net income=$2,900

Inconclusion  the amount of net income that Chung would report on the Year 1 income statement is $2,900.

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f Honduras is open to international trade in oranges without any restrictions, it will import
tons of oranges.
Suppose the Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers. A tariff of
$
per ton will achieve this.
A tariff set at this level would raise
$
in revenue for the Honduran government.

Answers

Suppose that Honduras is open to international trade in oranges without any restrictions, it will import an infinite amount of oranges. Therefore, the import of oranges can be limited through a tariff. The Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers.

A tariff of $720 per ton will achieve this. A tariff set at this level would raise $72,000 in revenue for the Honduran government.

Tariff: It is a tax imposed by a government on imported or exported goods. The main purpose of a tariff is to limit imports and protect domestic production and employment.

In this scenario, a tariff is imposed by the Honduran government to limit the import of oranges and help domestic producers. Therefore, if the tariff is set at $720 per ton, then it would reduce the imports of oranges to exactly 100 tons, which is the desired goal of the Honduran government.

Moreover, the tariff rate multiplied by the number of imports gives the amount of revenue raised by the Honduran government, which is $720 × 100 = $72,000. Thus, a tariff set at $720 per ton will raise $72,000 in revenue for the Honduran government.

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A successful data-driven market segmentation program depends on each of the following except:

a.
the rejection of tradiitional marketing research techniques

b.
the use of transactional and event data

c.
a common definition of market segments across all areas of the business

d.
developing a centralized and accessible CRM (Customer Relationship Management) database

Answers

A successful data-driven market segmentation program depends on the "use of transactional and event data", "a common definition of market segments", "and the development of a centralized CRM database" but it does not depend on "the rejection of tradiitional marketing research techniques".

The correct option to the given question is option a.

Traditional marketing research techniques, such as surveys, focus groups, and interviews, have long been used to gather insights about consumer behavior and preferences. While these techniques may have limitations, they still play a valuable role in understanding customer motivations and attitudes. Data-driven market segmentation programs can benefit from a combination of both traditional and data-driven research approaches. The use of transactional and event data is crucial for a data-driven market segmentation program. This type of data provides valuable information about customer behaviors, purchase patterns, and interactions with the business.

Having a common definition of market segments across all areas of the business ensures consistency and alignment in marketing efforts. This allows for targeted and personalized messaging that resonates with each segment. It also facilitates coordination between different departments, such as marketing, sales, and customer service, leading to a more cohesive and effective customer experience.

Finally, developing a centralized and accessible CRM database is essential for managing and analyzing customer data. It enables the integration of data from various sources, such as transactions, interactions, and demographic information, into a single platform. This centralized database provides a comprehensive view of customers, enabling more accurate segmentation and personalized marketing initiatives.

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Mandy is going to a four year universily and is completing classes When she graduates, she is planning on starting a job in the Energy career cluster. Which job will Mandy most likely be applying for?

A) Power Line Repairer
B) Nuclear Power Reacter Operater
C) Electrician
D) Petroleum Enginner​

Answers

Answer:

D) Petroleum Engineer

Explanation:

A power line repairer only needs an associates degree (2 years of college). Nuclear Power Reactor Operator only needs a high school degree (more or less) An Electrician only needs a high school degree (more or less) And Petroleum Engineers have a Bachelors degree aka 4 years of college.

Sorry if I was to late to answer your question but I hope it can at least help someone else :)

Answer:

D

Explanation:

i took the unit test

The store IKEA provides many

Answers

The store IKEA provides many products to as many people as possible.

What is IKEA's strategy?

IKEA's strategy is based on providing a wide range of well-designed, functional products at affordable prices. They aim to offer a unique shopping experience, which includes a showroom-style store layout that encourages customers to browse and explore their products.

One of the key aspects of their strategy is their use of flat-pack furniture, which allows them to keep costs low by reducing transportation and storage costs. This also makes it easier for customers to transport the furniture home and assemble it themselves, further reducing costs.

Therefore, IKEA's strategy is focused on providing value to its customers through affordable, well-designed products, a unique shopping experience, and a commitment to sustainability.

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NEED HELP ASAP
Generally speaking, economic systems can be divided into two broad categories.
They are:
A) Planned economies and unplanned economies
B) Perfectly competitive and free trade economies
C) Planned systems and free market systems
2
D) Free trade economies and restricted trade economies

Answers

Answer:

C) Planned systems and free market systems

Explanation:

The federal government has enacted laws which allow you to ______.
a.
Apply for credit cards without revealing personal information
b.
Establish a personal identity lockbox to protect your information
c.
Restrict the way your personal information is shared.
d.
None of the above

Answers

The federal government has enacted laws which allow to restrict the way your personal information is shared. Therefore option (C) is correct.

What is Federal Government?

Federal Government refers to the division of the power among the legislative, executive and judicial. The U.S. Constitution gives the Congress, President, and Federal courts specific powers.

The ability to limit the sharing of personal information is permitted under legislation that the federal government has passed. Therefore, choice (C) is the right one.

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Which of these best describes the relationship
between business equity and profit?
A. The proportion of the
equity one owns is more than the
proportion of the profits received.
B. The proportion of the equity one owns is less than the
proportion of the profits received.
C. The proportion of the equity one owns is the same proportion
of the profits received.

Answers

The answer will be C

How are flexible exchange rates different from fixed exchange rates?

Answers

flexible exchange rates depend on multiple variables in the market but fixed exchange rates stay the same no matter the change in variables.

Which is these is true about trusts?
OA. They have less tax liability.
OB. They have multiple beneficiaries.
C. They require power of attorney.
OD. They have more tax liability.

Answers

Answer: The answer is They have more tax liability.

Explanation:Trust is a fiduciary relationship.In this, a first party gives the right to assets or the right to hold the title to a second party for the benefit of a third party.The first party is called the Grantor.The second party is called as the Trustee.The third party is called as the Beneficiary.As the trust is a seperate legal and taxable entity, the tax payment of the trusts depend upon whether it is a simple trust,complex trust or a grantor trust.The tax brackets of trusts are more compressed.So, the trusts pay more taxes than individual taxpayers.

What is the purpose of horizontal communication?

Answers

Answer:

Built for communication across roles instead of from top down.

Explanation:

To promote coordination and cooperation among employees with a similar rank, position, or status in the company.

At the end of a fiscal period, expense accounts are closed through

Answers

Answer:

see the explanation

Explanation:

The temporary accounts get closed at the end of an accounting year. Temporary accounts include all of the income statement accounts (revenues, expenses, gains, losses), the sole proprietor's drawing account, the income summary account, and any other account that is used for keeping a tally of the current year amounts.

About how frequently does Hope receive a paycheck?

Answers

Answer:

every 2 weeks

Explanation:

A paycheck is a salary the employee or worker gets. Hope receives a paycheck every 2 weeks.

What is a paycheck?

A paycheck means the salary or wages an employee or worker gets for doing the work under their employment by the employer.

The frequency of a paycheck usually depends on the period of work. i.e a month in most cases but here Hope receives a paycheck every 2 weeks.

Therefore, the above statement aptly describes the paycheck.

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Forten Company, a merchandiser, recently completed its calendar-year 2015 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company’s income statement and balance sheets follow.
FORTEN COMPANY
Comparative Balance Sheets
December 31, 2015 and 2014
2015 2014
Assets
Cash $ 49,800 $73,500
Accounts receivable 65,810 50,625
Inventory 275,656 251,800
Prepaid expenses 1,250 1,875
Total current assets 392,516 377,800
Equipment 157,500 108,000
Accum. depreciation—Equipment (36,625) (46,000)
Total assets $ 513,391 $439,800
Liabilities and Equity
Accounts payable $ 53,141 $114,675
Short-term notes payable 10,000 6,000
Total current liabilities 63,141 120,675
Long-term notes payable 65,000 48,750
Total liabilities 128,141 169,425
Equity
Common stock, $5 par value 162,750 150,250
Paid-in capital in excess of 37,500 0
par, common stock
Retained earnings 185,000 120,125
Total liabilities and equity $ 513,391 $439,800
FORTEN COMPANY
Income Statement
For Year Ended December 31, 2015
Sales $ 582,500
Cost of goods sold 285,000
Gross profit 297,500
Operating expenses
Depreciation expense $ 20,750
Other expenses 132,400 153,150
Other gains (losses)
Loss on sale of equipment (5,125)
Income before taxes 139,225
Income taxes expense 24,250
Net income $ 114,975
Additional Information on Year 2015 Transactions
a. The loss on the cash sale of equipment was $5,125 (details in b).
b. Sold equipment costing $46,875, with accumulated depreciation of $30,125, for $11,625 cash.
c. Purchased equipment costing $96,375 by paying $30,000 cash and signing a long-term note payable for the balance.
d. Borrowed $4,000 cash by signing a short-term note payable.
e. Paid $50,125 cash to reduce the long-term notes payable.
f. Issued 2,500 shares of common stock for $20 cash per share.
g. Declared and paid cash dividends of $50,100.
Required:
1. Prepare a complete statement of cash flows; report its operating activities using the indirect method.

Answers

Answer:

Cash flow Statement for the year ended 31 December 2015

Cash Flow from Operating Activities

Net income before Interest and tax                                         $ 139,225

Non -Cash items :

Loss on Sale of Equipment ($46,875 - $30,125 - $11,625)          $5,125

Depreciation expense                                                                $ 20,750

Changes In Working Capital :

Increase in Short term note payable                                           $4,000

Increase in Accounts receivable                                                ($15,185)

Increase in Inventory                                                                 ($23,856)

Decrease in Prepaid expenses                                                       $625

Decrease in Accounts payable                                                 ($61,534)

Income taxes expense                                                              ($24,250)

Net Cash Flow from Operating Activities                                  $44,900

Cash Flow from Investing Activities

Purchase of Equipment                                                             ($30,000)

Proceeds from Sale of Equipment                                               $11,625

Net Cash Flow from Investing Activities                                    ($18,375)

Cash Flow from Financing Activities

Dividend Paid                                                                             ($50,100)

Issued Shares ( 2,500 × $20)                                                    $50,000

Repayment of Notes Payable                                                    ($50,125)

Net Cash Flow from Investing Activities                                    ($50225)

Movement in Cash and Cash Equivalents during the year ($23,700)

Cash and Cash Equivalents at Beginning of the Year           $73,500

Cash and Cash Equivalents at the End of the Year              $ 49,800

Explanation:

The Indirect method reconciles the Operating Profit during the year to Cash flows from Operating Activity by adjusting for the following items, (1) Non-cash items previously added or deducted from Operating Profit and (2) Changes in Working Capital items

why has the voting public who will decide the question of how much government involvement will be in our economy

Answers

Answer: I can try to help you.

Explanation: In the narrowest sense, the government's involvement in the economy is to help correct market failures or situations in which private markets cannot maximize the value that they could create for society.

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