During July at Pool Company, $65,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $4,000. The journal entry to record this requisition would include a debit to Manufacturing Overhead of: Multiple Choice $65,000 $4,000 $0 $61,000
Answers
Answer:
$4,000
Explanation:
Preparation of the journal entry.
Based on the information given we were told that The indirect materials totaled the amount of $4,000 which means that the appropriate journal entry to record this requisition would include a DEBIT TO MANUFACTURING OVERHEAD of the amount of $4,000.
(To record requisition)
Related Questions
summarize If you were to work in the Administrative Support pathway, you would manage the activities of an office. You would use computers to perform clerical activities. One of your goals would be to ensure that information is collected and shared with staff and clients. Employees in the Business Information Management pathway help collect, analyze, organize, and share information. Employees working in management do a variety of activities to keep a business in operation. The size of the company affects the work you might do as the manager. In a large company, you might supervise other managers. In a small company, you might directly supervise all the employees. Or you might direct the work in one area of a business such as marketing or finance. As a manager, there could be many tasks to your job. You might build relationships with people outside the company or department and with employees. Your might negotiate with or hire employees. Another part of the job might be to assure there are equipment, supplies, and money to operate the business. In the Human Resources Management pathway, you would be responsible for finding and keeping employees. To do this, you would interview and hire the most qualified applicant. In addition, you would have to be familiar with labor laws and wages and benefits. Your duties might include providing training and doing things to keep employees happy. In the Operations Management pathway, you help organizations get the resources they need. You plan, organize, coordinate, and schedule the delivery of resources
Answers
Working in the Administrative Support Operations Management pathway involves managing office activities and utilizing computers for clerical tasks. The goal is to ensure efficient collection and sharing of information with staff and clients.
In the Business Information Management pathway, employees focus on gathering, analyzing, organizing, and disseminating information. In the Management pathway, the responsibilities vary based on the company's size.
Managers may supervise other managers in large companies or directly oversee all employees in small companies. They handle tasks such as building relationships, negotiating, hiring, and ensuring the availability of resources for business operations.
The Human Resources Management pathway involves finding and retaining employees through activities like interviewing, hiring, and knowledge of labor laws and compensation.
Responsibilities may also include training and maintaining employee satisfaction. In the Operations Management pathway, the focus is on acquiring necessary resources for organizations. This includes planning, organizing, coordinating, and scheduling resource delivery.
for similar questions on Operations Management.
https://brainly.com/question/30415374
#SPJ8
if the required reserve ratio is 10 percent, what is the maximum change in the money supply from john’s deposit of $50,000 cash into his checking account?
Answers
$4,50,000 is the maximum change in the money supply from john’s deposit of $50,000 cash into his checking account.
What is the difference between a checking account and a bank account?A checking account is a bank account from which you can write checks or access funds in a variety of other ways, making it your primary bank account for daily transactions.
A checking account helps you achieve financial success. Get faster access to your money, complete financial transactions on your phone or tablet, be confident that your money is safe, and easily track your spending to make better financial decisions.
Learn more about a checking account here:
https://brainly.com/question/13371786
#SPJ1
What does demand mean
Answers
Market/Business demand: It is also the consumers desire to purchase a particular good or service. Market demand is a demand for a certain good in the market.
On January 1, 2017, Robinson Company purchased Franklin Company at a price of $2,500,000. The fair market value of the net assets purchased equals $1,800,000.
What is the amount of goodwill that Robinson records at the purchase date?
Explain how Robinson would determine the amount of goodwill amortization for the year ended December 31, 2017.
Robinson Company believes that its employees provide superior customer service, and through their efforts, Robinson Company believes it has created $900,000 of goodwill. How would Robinson Company record this goodwill?
Answers
On January 1, 2017, Robinson Company purchased Franklin Company at a price of $2,500,000. The fair market value of the net assets purchased equals$1,800,000. Thus the amount of goodwill that Robinson records at the purchase date is $700,000.
What is the calculation?Step 1
Given that the entire Franklin Company was purchased by Robinson Company, goodwill should be recorded.
To solve for the purchased goodwill, we have
Goodwill= Purchase price of the company−Market value of the individual net assets
=$2,500,000−$1,800,000
= $700,000
Thus, the purchased goodwill is valued at $700,000.
Step 2
Goodwill is recorded as an asset and is not amortized, thus there will be no amount for goodwill amortization for year ended December 31, 2017. Instead, goodwill is tested for impairment annually.
Step 3
Goodwill is recorded only when it is acquired upon purchase. In this case, since goodwill is based solely on the employees' efforts of providing superior customer service, Robinson Company should not record it.
Learn more about company, here:
https://brainly.com/question/30532251
#SPJ1
g You have been accepted into college. The college guarantees that your tuition will not increase for the four years you attend college. The first $ 11 comma 800 tuition payment is due in six months. After that, the same payment is due every six months until you have made a total of eight payments. The college offers a bank account that allows you to withdraw money every six months and has a fixed APR of 4.4 % (with semiannual compounding) guaranteed to remain the same over the next four years. How much money must you deposit today if you intend to make no further deposits and would like to make all the tuition payments from this account, leaving the account empty when the last payment is made? (Note: Be careful not to round any intermediate steps less than six decimal places.)
Answers
Answer:
The answer is "85818.18"
Explanation:
Given:
\(\to PMT = \$11,800 \\\\\to n=8 \\\\\to r= \frac{4.4\%}{2}= 2.2\% = 0.022\\\\\to PV=?\)
Using formula:
\(PV = PMT\times \frac{(1- \frac{1}{(1+r)^n} )}{r}\)
\(= 11,800 \times \frac{(1- \frac{1}{(1+0.022)^8} )}{0.022}\\\\ = 11,800 \times \frac{(1- \frac{1}{(1.022)^8} )}{0.022}\\\\ = 11,800 \times \frac{(1- 0.840219648)}{0.022}\\\\ = 11,800 \times \frac{0.160}{0.022}\\\\=11,800 \times 7.272727\\\\=85818.18\)
Who has defined personnel management as personnel management related with recruitment and retaining the component and satisfied staff?
Answers
It is difficult for me to determine who specifically defined personnel management as being related to recruitment, retention, and satisfaction of staff, as this definition is widely accepted and has been adopted by many organizations and management professionals.
Personnel management, also known as human resource management, is the practice of managing and developing the people who work for an organization.
This includes a range of activities, such as recruiting and hiring employees, training and developing staff, managing employee performance, and providing support and resources to help employees be successful in their roles.
Ensuring that an organization has a sufficient number of qualified and motivated employees is an important aspect of personnel management, and effective personnel management can contribute to employee satisfaction and help to retain top talent.
Learn more about personnel management at
https://brainly.com/question/13102662?referrer=searchResults
#SPJ4
Industrial property is protected internationally under the ________ for the protection of industrial property to which nearly 100 countries are signatories.
Answers
Industrial property is protected internationally by the Paris Convention for the Protection of Industrial Property, in which about 100 countries participate.
The system of rights called property also concerns valuable objects themselves and gives individuals legal rights over them. Depending on the type of property, the owner may have the right to properly use it, to modify it, to share it, to redefine it, to rent it, to mortgage it, to sell it, or to separate it from another property. You may have the right to barter, assign, assign, or assign. within the conferred ownership or destroy. However, regardless of the type of property, the owner may have the right to prohibit others from engaging in these activities.
Private, public and collective ownership are the three main forms of ownership recognized in economics and political economy (also called cooperative ownership).
Learn more about property here:
https://brainly.com/question/11007967
#SPJ4
splish brothers issued 534500 of 5 year, 9% bonds at 95 on january 1 2022. the bonds pay interest annually. compute the total cost of borrowing for these bonds
Answers
The total cost of borrowing for Splish Brothers' 534500 of 5-year, 9% bonds issued at 95 on January 1, 2022, is $267,250.
To compute the total cost of borrowing for Splish Brothers' 534500 of 5-year, 9% bonds issued at 95 on January 1, 2022, we need to calculate the total interest paid over the bond's life, plus any premium or discount paid at issuance.
First, let's calculate the premium paid at issuance, which is the difference between the face value of the bonds and the amount issued at 95:
534500 bonds x $1,000 face value per bond x (100% - 95%) = $26,725 premium
Next, let's calculate the total interest paid over the bond's life, which is the annual interest payment multiplied by the number of years:
534500 bonds x $1,000 face value per bond x 9% interest rate x 5 years = $240,525 total interest
Finally, we add the premium paid at issuance to the total interest paid over the bond's life to get the total cost of borrowing:
$26,725 premium + $240,525 total interest = $267,250 total cost of borrowing
Therefore, the total cost of borrowing for Splish Brothers' 534500 of 5-year, 9% bonds issued at 95 on January 1, 2022, is $267,250.
To know more about cost of borrowing visit:
https://brainly.com/question/3136657
#SPJ11
Econ please helppp :(((((
Answers
Answer:
Pure competition
Explanation:
Pure competition refers to an ideal market with very many suppliers selling an identical product. Because the sellers are many, none of them can influence the price. Pure competition is also the perfect competition. Other characteristics of perfect competition include.
easy to enter and exit the market since there are no trade barriersAll sellers sell a homogeneous productall sellers are price takersThere are many buyers.Buyers have sufficient knowledge of prices and suppliers.Read the conclusion from a personal narrative. Even though we were lost in the desert for several hours, we made it home safely, because we had packed extra food and water. Our families were very relieved to see us alive and well. Which sentence, if added, would make the best revision of the conclusion? “Where is the main trail?” I asked while searching the map. After surviving those miserable hours in the desert, I learned the value of being prepared. My friends invited me to go for a hike, and although it was a hot summer day, I agreed to go, because I had nothing else to do. “Be sure to drink some water,” Tara reminded us.
Answers
The right response is I discovered the importance of preparation after enduring those dreadful hours in the desert.
In general, the conclusion should include any last thoughts and a summary of the text's information. In the case of personal tales, it is typical for the author to include a final perspective on the experience described, particularly the influence that it may have had, whether positive or bad. The only option that refers back to the experience described and states a positive aspect or lesson this experience led to is the sentence that should be added to make this conclusion better in this situation: "After surviving those miserable hours in the desert, I learned the value of being prepared."
To read more about personal narrative visit;
https://brainly.com/question/29923487
#SPJ1
What is a "pump and dump" scam?
a
A scheme which pools investors’ money together but only a small percentage of the pool is actually invested
b
A scheme that attempts to boost the price of a stock through recommendations based on false or misleading statements
c
A scheme where an investor collects your money for investment but never actually makes a purchase and instead keeps the money for themselves
d
A scheme that attempts to beat the overall market's return by investing in high-cost index funds
Answers
"Pump and dump" schemes have two parts. In the first, promoters try to boost the price of a stock with false or misleading statements about the company. Once the stock price has been pumped up, fraudsters move on to the second part, where they seek to profit by selling their own holdings of the stock, dumping shares into the market.
These schemes often occur on the Internet where it is common to see messages urging readers to buy a stock quickly. Often, the promoters will claim to have "inside" information about a development that will be positive for the stock. After these fraudsters dump their shares and stop hyping the stock, the price typically falls, and investors lose their money.
Answer:
C
Explanation:
In recording the monthly adjusting entry for accrued wages at the end of the accounting period, the amount of the adjustment would usually be determined by: a. using the same amount as the prior month adjustment. b. collecting the timesheets for the days accrued. c. a percentage of the previous week's gross payroll. d. using the wages of the salaried workers only. e. a percentage of the previous week's n
Answers
Answer: a percentage of the previous week's gross payroll
Explanation:
Accrued wages are the wages that have been incurred by an organization but have not yet being recorded in the organization's accounting ledgers.
It should be noted that when recording the monthly adjusting entry for accrued wages at the end of the accounting period, the amount of the adjustment would usually be determined by percentage of the previous week's gross payroll.
employee attitudes, turnover, organizational culture, and resource capabilities are typical metrics in the foundational perspective of the balanced scorecard approach.
Answers
Employee attitudes, turnover, organizational culture, and resource capabilities are typical metrics in the foundational perspective of the balanced scorecard approach. (True)
What is organizational culture?The values, standards, and behaviors that make up the organizational culture have an impact on and direct the behavior of every team member. Consider it as the range of traits that characterize your company. While a dysfunctional company culture brings out traits that can harm even the most successful organizations, a great company culture exemplifies positive traits that improve performance.
Organizational culture goals and a mission statement should not be confused with culture, despite the fact that both can aid in its definition. Culture is not created by press releases or policy documents; it is created by consistent, sincere behavior. Company culture in action can be seen when you watch how the CEO handles a crisis, a team adapts to shifting customer needs, or a manager corrects an employee who makes a mistake.
Learn more about organizational culture
brainly.com/question/26965722
#SPJ1
When service performance is within the zone of tolerance customers are likely to be?
Answers
Adequate service is not as good as desired service, and the separation between the two is the zone of tolerance
What is Zone of Tolerance in service?Customers' expectations of the type of service they want and the bare minimum of service that is acceptable make up the zone of tolerance. The desired service is the higher level of their expectation, while the acceptable service can be thought of as the lower level of what they anticipate to obtain.The range of service performance that a customer deems acceptable is known as the zone of tolerance. Customer annoyance and reduced loyalty will result from performance below the tolerance zone. Customers will be pleasantly surprised and will be more loyal as a result of performance levels exceeding the tolerance zone.Customers may accept variance within a range of performance, and any increase in performance within this range will only have a minimal impact on the zone of tolerance's relevance.
To learn more about Zone of Tolerance in service refers to:
brainly.com/question/536619
#SPJ4
a farmers' market is an example of which type of distribution channel?
Answers
A farmers' market is an example of a direct distribution channel. There is no need for intermediaries in a direct distribution channel.
Distribution channel refers to the channel of interaction between the manufacturer, customer, and retailer that is used to distribute products from the producer to the consumer.A farmer's market is an example of a direct distribution channel. It's a way for farmers and customers to connect without the need for an intermediary.
In a direct distribution system, a company sells its goods directly to consumers, skipping the middlemen, distributors, wholesalers, or retailers. Farmers bring their fresh, locally grown produce and goods to a central location in the market, such as a town square, parking lot, or park, to sell them to consumers face-to-face. There is no need for intermediaries in a direct distribution channel.
To know more about market visit:
https://brainly.com/question/14418904
#SPJ11
How is the housing industry related to the economy? If the economy is doing well, what types of homes are being constructed and purchased? What if the economy is doing badly? Other than housing, what additional industries might the economy impact?
Answers
The housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.
What is housing industry?An housing industry is an industry that encompasses building of housing. construction, engaging in commercial housing activities etc.
Generally, when an economy is doing well, it will be favorable to build house of high value as its gives higher confidence in the industry and economy,
Also, the additional industries that impact an economy includes Healthcare, Technology, Retail, Manufacturing industry etc
In conclusion, the housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.
Read more about housing industry
brainly.com/question/5053499
back bay battery simulation analysis (organizational strategy, spring 2022)
Answers
The Back Bay Battery simulation is used to evaluate and analyze the company's organizational strategy. The simulation allows for the examination of various scenarios, such as market demand and production efficiency, to identify opportunities for improving performance and profitability.
By conducting the simulation, the organization can evaluate its strategy and make necessary adjustments for future success.Spring 2022 brings about new opportunities for the organization, including potential market growth and increased demand for batteries. The company can utilize the Back Bay Battery simulation to identify the necessary changes in strategy to meet these new demands.
This may include changes in the production process or product line, as well as adjustments in marketing and distribution efforts.The simulation can also provide insight into potential challenges the organization may face in the coming year. For example, if the simulation reveals a potential shortage of raw materials, the organization can proactively seek alternative suppliers or make necessary adjustments to the production process to minimize the impact of the shortage.
To know more about Back bay battery visit:-
https://brainly.com/question/14674362
#SPJ11
What vision do you have for your own future?
A short summary of imagination positive future and pls include doctors cuz when I grow up I wanna be a doctor
Answers
No one can write down a vision for your future, its your vision and future.
Define primary industry .
Answers
Ipo and Man, partners in the Karate Company have capital balances of P300, 000 and P120,000 respectively. Lee is to be admitted into the partnership with 20% interest in the business.
Required:
Record the admission of Lee for each of the following independent situations:
a. Lee invests P180, 000, and recognized the undervaluation of inventory.
b. Lee invest P180, 000, Total capital is to be P600, 000.
c. Lee purchases 20% of Ip and Man by paying P100, 000.
d. Lee invests P96, 000 and total capital is to be P 516,000.
e. Lee invests P96, 000 and recognized overvaluation of land.
f. Ip and Man assign 20% of their interest to Lee.
Show the solution
Answers
Cash P180,000
Inventory P 20,000
Goodwill (computed as P60,000 x 20%) P 12,000
Lee, capital P172,000
Ipo, capital P300,000
Man, capital P120,000
b. Lee invests P180,000, Total capital is to be P600,000:
Cash P180,000
Lee, capital P120,000
Ipo, capital P300,000
Man, capital P120,000
Goodwill (Computed as P600,000 - P540,000) P 60,000
c. Lee purchases 20% of Ip and Man by paying P100,000:
Cash P100,000
Ipo, capital P 60,000
Man, capital P 40,000
Lee, capital P100,000
d. Lee invests P96,000 and total capital is to be P516,000:
Cash P 96,000
Lee, capital P 96,000
Ipo, capital P258,000
Man, capital P102,000
Goodwill (Computed as P516,000 - P576,000) P 60,000
e. Lee invests P96,000 and recognizes overvaluation of land:
Cash P 96,000
Lee, capital P 36,000
Ipo, capital P270,000
Man, capital P108,000
Land (Computed as P60,000 / 20%) P 12,000
Goodwill (Computed as P60,000 x 20%) P 12,000
f. Ip and Man assign 20% of their interest to Lee:
No journal entry is required. A legal agreement or contract needs to be made to formalize the assignment of interest.
1. Please interpret the outcome of the below ANOVA table. Please respond in APA-format.
Model Df Sum of Squares Mean Square F Sig.
Regression 2 .4016 .2008 70.6816 < .001
Residual 22 .0625 0.0028 Total 24 .4640 a. Predictors: (Constant), Number of Branches, Net Revenues
b. Dependent Variable: Profit Margin
Answers
The ANOVA table indicates that there is a significant relationship between the predictors (Constant, Number of Branches, Net Revenues) and the dependent variable (Profit Margin). The regression model as a whole is statistically significant, with an F-value of 70.6816 and a p-value of less than .001.
The ANOVA table provides information about the statistical significance of the regression model. In this case, the model includes three predictors: Constant, Number of Branches, and Net Revenues. The dependent variable is Profit Margin.
The main focus is on the "F" statistic, which tests the overall significance of the model. The F-value of 70.6816 indicates that the model is statistically significant. This means that the predictors, taken together, have a significant impact on the Profit Margin.
Additionally, the significance level (p-value) of less than .001 further supports the conclusion that the relationship between the predictors and the dependent variable is not due to chance. The extremely small p-value suggests a very low probability of obtaining these results if there were no true relationship in the population.
In summary, based on the ANOVA table, we can conclude that the regression model, including the predictors (Constant, Number of Branches, Net Revenues), significantly predicts the Profit Margin.
Learn more about ANOVA table:
brainly.com/question/29537930
#SPJ11
the following balances were taken from the accounts of williams company: sales $70,000 ending inventory 10,000 purchases 40,000 net income 22,000 other expenses 15,000
Answers
The balances provided for Williams Company are as follows:
- Sales: $70,000
- Ending inventory: $10,000
- Purchases: $40,000
- Net income: $22,000
- Other expenses: $15,000
These balances represent different aspects of the company's financial information. Let's break them down:
1. Sales: The amount of money earned from selling goods or services. In this case, Williams Company has made $70,000 in sales.
2. Ending inventory: The value of goods that are still unsold at the end of a specific period. Williams Company has $10,000 worth of inventory remaining.
3. Purchases: The total value of goods or materials purchased by the company for resale or production. Williams Company has made purchases worth $40,000.
4. Net income: The difference between total revenue and total expenses. It represents the company's overall profitability. Williams Company has a net income of $22,000.
5. Other expenses: The total amount of money spent on expenses other than purchases. This could include rent, salaries, utilities, and other operational costs. In this case, Williams Company has incurred $15,000 in other expenses.
These balances provide a snapshot of Williams Company's financial position and performance. The sales, purchases, and net income figures help evaluate the company's revenue generation and profitability, while the ending inventory and other expenses figures give insights into its inventory management and cost structure.
Know more about inventory here:
https://brainly.com/question/31316374
#SPJ11
Operational data are commonly stored in many tables, and the stored data represents information about a given _____ only.
Answers
the bullwhip effect causes an amplification of the variation in the demand pattern along the supply chain.
Answers
The volatility in the demand pattern is amplified in the supply chain via the bullwhip effect. The statement is True.
What is Demand
Demand is the amount of a good that consumers are willing and able to buy at different prices during a specific period of time in economics. The relationship between price and quantity demand is sometimes referred to as the demand curve. An item's perceived necessity, price, perceived quality, convenience, alternatives that are offered, buyer preferences and disposable income, among many other factors, all affect how much demand there is for that particular item.
Many different events and elements influence a consumer's decision to purchase a product.
To know more about Demand
https://brainly.com/question/1245771
#SPJ4
TRUE / FALSE. consider the following production possibilities frontier model for an economy that produces only two goods: alfalfa and laptops.
Answers
False.
The statement you provided is incomplete. The production possibilities frontier (PPF) model depicts the different combinations of two goods that an economy can produce efficiently given its available resources and technology. However, without specific information or the actual PPF graph, it is not possible to determine whether the model includes alfalfa and laptops as the two goods.
To learn more about production possibilities, Click here:
https://brainly.com/question/14408793
#SPJ11
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Answers
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
For more about Marginal revenue refer to the link:https://brainly.com/question/12231343
However, a capacity utilization rate that is nearing 100% is ............... because .......
Answers
Answer:
A capacity utilization rate that is nearing 100% is ideal because it means that company's actual output is almost the same as its maximum possible output.
Explanation:
Capital utilization rate is used to calculate the rate at which levels of output are met. It is defined by the given formula:
Capacity utilization = (Actual level of output / Maximum level of output) · 100
If the Capacity utilization rate is near 100%, it means that actual level of output is almost same as the maximum level of output, which is considered as the Ideal rate.
Ideal rate is usually not possible because there are a lot of hurdles in the processes. A rate of 85% is considered the optimal rate for most companies.
According to Thiele (2013), the richest 1% of the world's population owns over ___________ of global assets.
Answers
Answer:
40%
Explanation:
A company purchased $8,100 worth of merchandise. Transportation costs were an additional $140. The company later returned $1,500 worth of merchandise and paid the invoice within the 2% cash discount period. The total amount paid for this merchandise is:
Answers
The total amount paid for the merchandise, considering the return and the cash discount, is $6,468.
To calculate the total amount paid for the merchandise after considering the return and the cash discount, follow these steps:
Calculate the net amount after return:Total purchase amount: $8,100
Less: Return amount: $1,500
Net amount after return: $8,100 - $1,500 = $6,600
Calculate the cash discount:Discount rate: 2%
Discount amount: 2% of $6,600 = $132
Calculate the total amount paid:Total amount paid: Net amount after return - Discount amount
Total amount paid: $6,600 - $132 = $6,468
Therefore, the total amount paid for the merchandise, considering the return and the cash discount, is $6,468.
Learn more about cash discount from the given link
https://brainly.com/question/14883253
#SPJ11
Which is the most important decision factor in transportation?
A.capacity
B. Cost
C.capability
D.reliability