North Company has completed all of its operating budgets. The sales budget for the year shows 50,140 units and total sales of $ 2,294,200. The total unit cost of making one unit of sales is $ 24. Selling and administrative expenses are expected to be $ 304,600. Interest is estimated to be $ 13,820. Income taxes are estimated to be $ 221,000. Prepare a budgeted multiple-step income statement for the year ending December 31, 2020. homework lib
Answers
Answer:
I need a picture to help you
Explanation:
I think I did this
Related Questions
the producer price index measures the cost of a basket of goods and services t or f
Answers
The Producer Price Index (PPI) program evaluates the normal change in selling prices domestic producers get for their output over time.
The PPI calculates inflation from the standpoint of the provider of the good or service. Since producer prices substantially impact those levied to customers and vice versa, the price patterns for consumers and producers are unlikely to differ for very long. The Producer Price Index tracks changes in the prices paid to American manufacturers of products and services. In contrast to the Consumer Price Index, which monitors prices customers actually pay, the PPI gauges wholesale inflation. The total monthly change in the final demand PPI is determined using PPI indices that are based on goods and services, businesses, and the economic identity of the buyer. The indexes use the input prices from suppliers to determine price movements in private contracts.
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FILL IN THE BLANK Jorge Hernandez opened a consulting business by depositing $15,000 into a business checking account in the name of Hernandez Consulting. This business transaction would increase __________
Answers
The Correct Answer is
Jorge Hernandez opening a consulting business by depositing $15,000 into a business checking account in the name of Hernandez Consulting would increase cash and capital.
Cash is an important asset for any business as it represents the available funds that the company can use for its day-to-day operations. The deposit of $15,000 into the business checking account would increase the cash balance, allowing Hernandez Consulting to have more funds available to pay for its expenses such as rent, utilities, salaries, and supplies.
Capital, on the other hand, refers to the money invested into the business by its owners. This can include investments from the owner, loans from family and friends, or outside investors.
When a business is started, the initial capital comes from the owner's personal savings or other sources. The deposit of $15,000 into the business checking account represents an injection of capital into the business, which can be used to finance its growth and expansion.
This could include investments in equipment, marketing, and other initiatives that can help the business grow and succeed.
In summary, the deposit of $15,000 into the business checking account would increase both the cash balance and the capital of Hernandez Consulting, providing the company with more funds to operate and grow.
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Using information from the news article you read and your knowledge of economics, compose a paragraph in response to the article. Your comment on the article should state your opinion on government intervention. Use economic analysis to guide your opinions. In your writing, be sure to use proper grammar as well as a topic sentence and introductory and concluding statements.
Answers
Answer:
I commend the governments of Peachtree City and Fayette County for their recent intervention, which will be beneficial to our economy. Earlier, the city reduced the water level in the lake so that people who live on the lake could maintain the shoreline. When the council started to refill the lake, city staff noted problems with the dam and spillway and brought it to the attention of Fayette County. There were financial constraints to completing this project, but the Peachtree City government decided to spend additional money to finish the project. That was the right course of action. The residents’ properties (and property values) have been restored, and the lake will once again draw visitors to the town to enjoy the lake and spend money in our town’s businesses.
Explanation:
PLATO word for word, just in case <3
true/false. corporations have come to dominate the business world through their ability to raise large amounts of capital by sale of ownership shares to anonymous outside investors.
Answers
The answer is true.
Why are corporations so successful?
To continue in business, companies must retain a competitive advantage.
Price leadership, brand awareness, and entry barriers may all help businesses stay competitive.
A business has a strong probability of success if its management is above average, consisting of individuals with expertise and lengthy tenure.
Through quality, innovation, customer service, or even warranties, businesses may become industry leaders.
Any quality a business possesses that enables it to stay competitive in the market is referred to as a competitive advantage. To continue in business, companies must retain a competitive advantage.
If there are extremely high entry barriers into their industry, good organisations can continue to preserve their high standing.
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What’s the maximum amount of time homstyle Mac and cheese
Answers
The maximum amount of time required to prepare homemade-style mac and cheese typically ranges from 30 to 45 minutes. This includes the time needed for boiling the pasta, making the cheese sauce, and baking or broiling the dish for a crispy topping.
The exact duration may vary depending on the recipe and individual cooking preferences. To begin, the pasta is cooked in boiling water for about 8 to 12 minutes until it reaches the desired tenderness.
Meanwhile, a cheese sauce is prepared by melting butter, adding flour to create a roux, and gradually incorporating milk and shredded cheese until a creamy consistency is achieved. This process usually takes around 10 to 15 minutes.
Once the pasta is drained and the cheese sauce is ready, they are combined and optionally transferred to a baking dish. The mac and cheese is then baked or broiled for an additional 10 to 15 minutes, resulting in a golden and bubbly top.
In summary, while homemade-style mac and cheese can be made in as little as 30 minutes, it typically requires around 30 to 45 minutes from start to finish, depending on the recipe and desired outcome.
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Degregorio Corporation makes a product that uses a material with the following direct material standards: Standard quantity 2.5 kilos per unit Standard price $5 per kilo The company produced 6,600 units in November using 16,850 kilos of the material. During the month, the company purchased 18,900 kilos of the direct material at a total cost of $90,720. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for November is:
Answers
Answer:
Materials quantity variance = $1,750(U)
Explanation:
Standard quantity(SQ) = $2.5 * 6600 = 16500 Kg
Standard Price( SP) = $5
Actual quantity(AQ) = 16,850 Kg
Actual Price( AP) = $90,720 / 18,900 kg = $4.8
Materials quantity variance = SP * (SQ - AQ)
Materials quantity variance = 5 * ( 16500 - 16,850 )
Materials quantity variance = 5 * (350)
Materials quantity variance = $1,750(U)
True or false
Safety glasses are only required in glass plant
Answers
Answer: yes
Explanation:
Answer:
false
Explanation:
saftey glasses should be used everywhere
How does a low credit score affect a person who applies for a loan?
A. It makes banks more likely to give the person a large, long-term
loan.
B. It causes banks to charge the person higher interest rates on the
loan.
OC. It makes it easier for the person to get a loan with a poor debt-to-
income ratio.
D. It allows banks to give the person a loan without checking his or
her tax records,
Answers
A person who requests for a loan and has a low credit score will be subjected to higher interest rates from banks. As a result, choice (B) is accurate.
Between 300 and 550 is regarded as a low credit score. You must make significant efforts to raise your credit score if it is in this area. You will not be qualified to apply for a loan or a credit card if you have a low credit score.
Whether it's a car loan, mortgage, or credit card account, borrowing can be more difficult if you have a poor score interest rates. And even if you are approved, your high risk of default means that you will probably have to pay higher interest rates.
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Reggie, who is 55, had AGI of $35,200 in 2022. During the year, he paid the following medical expenses:
Drugs (prescribed by physicians)
Marijuana (prescribed by physicians)
Health insurance premiums-after taxes
Doctors' fees
Eyeglasses
Over-the-counter drugs
$ 570
1,470
1,280
1,320
445
270
Required:
Reggie received $570 in 2022 for a portion of the doctors' fees from his insurance. What is Reggie's medical expense deduction?
Answers
Reggie's medical expense deduction is $7,276.
AGI, or adjusted gross income, is a person's total income minus certain deductions and is used to calculate taxable income.
Reggie, who is 55 years old, had an AGI of $35,200 in 2022. During the year, he incurred the following medical expenses:
Drugs (prescribed by physicians): $5,701
Marijuana (prescribed by physicians): $1,470
Health insurance premiums-after taxes: $1,280
Doctors' fees: $1,320
Eyeglasses: $445
Over-the-counter drugs: $270
Reggie was reimbursed $570 by his insurance company for a portion of the doctors' fees. To calculate his medical expense deduction, we first need to subtract any reimbursements from his total medical expenses.
Total medical expenses: $5,701 + $1,470 + $1,280 + $1,320 + $445 + $270 = $10,486
Reimbursements: $570
Medical expenses after reimbursements: $10,486 - $570 = $9,916
To claim a medical expense deduction, the expenses must exceed a certain percentage of AGI, which varies depending on the taxpayer's age. For taxpayers who are 65 or younger, the threshold is 7.5% of AGI. For taxpayers who are over 65, the threshold is 7%.
Since Reggie is 55 years old, the threshold is 7.5% of his AGI or $35,200 x 0.075 = $2,640.
Therefore, Reggie can deduct the portion of his medical expenses that exceed $2,640.
Amount of medical expenses that exceed the threshold: $9,916 - $2,640 = $7,276
Therefore, Reggie's medical expense deduction is $7,276.
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How are the federal judicial branch and most state judicial branches similar?
O Both have local courts.
Both have appellate courts.
The judges are all appointed by the president.
The judges are all elected by the citizens.
Answers
Answer:
B. Both have appellate courts
Explanation:
The United States has both the federal and state courts that are charged with the responsibility of hearing cases on the federal and state levels respectively. The Supreme court is the highest and last resort, whose decision represents the final judgement on any matter. Both the federal, and state courts have appellate courts where aggrieved individuals can present their cases if they are not satisfied with the rulings of these courts.
In the state courts, the judges are elected and appointed, while the judges in the federal courts are nominated by the president and confirmed by the senate. The different courts also have unique cases which they are entitled to hear and proceed over.
Answer:
B
Explanation:
Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation:
Acquired $32,000 cash from the issue of common stock.
Borrowed $38,000 cash from National Bank.
Earned cash revenues of $50,000 for performing services.
Paid cash expenses of $46,000.
Paid a $1,200 cash dividend to the stockholders.
Acquired an additional $22,000 cash from the issue of common stock.
Paid $10,000 cash to reduce the principal balance of the bank note.
Paid $55,000 cash to purchase land.
Determined that the market value of the land is $77,000.
Determine the amount of total assets that Maben would report on the December 31, Year 1, balance sheet.
Answers
The percentage of assets that were provided by investors, creditors, and earnings is $84,800.
What is investors?An investor is any individual or other entity such as a business or mutual fund who invests money with the hope of making a profit.
A technique for company improvement called the Investors in People Standard aims to boost an organization's performance through its workforce. The management and growth of an organization's workforce aids in performance improvement and the achievement of goals.
Calculation-
Balance sheet
assets = liability + stockholder's earning,
Cash+land = notable payable+common stock+retained earning
$29800+$55000=$28000+$54000+$2800.
$84800=$84800
Income statement
Revenue-expenses =net income
$50000-$46000=$4000
Thus, it is $84,800.
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The working note and solution is attached-
List three pieces of criteria that economists use to determine if someone is employed
Answers
Answer:
The summary as per the given query is summarized below.
Explanation:
The criterion used by economists to decide whether the individual was working wasn’t employed.Employees hold down jobs for full as well as part-time pay where they already haven't a job and therefore are provisions of these terms for work even though they are unemployed.The labor force seems to be the number among all jobs working as well as unemployment.Newhard Company assigns overhead cost to jobs on the basis of 115% of direct labor cost. The job cost sheet for Job 313 includes $29,710 in direct materials cost and $10,600 in direct labor cost. A total of 1,750 units were produced in Job 313. Required: a. What is the total manufacturing cost assigned to Job 313? b. What is the unit product cost for Job 313?
Answers
Answer:a.Total manufacturing costs for Job 313 =$52,500
Unit Product Cost for Job 313=$30
Explanation:
Total manufacturing costs=Direct materials+Direct labor costs+Overhead costs
But Overhead cost =115% of direct labor cost
= 115% x $10,600
=$12,190
Total manufacturing costs =$29,710 + $10,600+$12,190
=$52,500
Unit Product Cost=Total Manufacturing costs/ Total Number of Units Produced =$52,500 /1,750 units
=$30
What elements should an ideal CRR plan include?
Answers
The following components belong in a perfect CRR plan. communication lines that are clear, empathy and understanding, activity that is swift and efficient, Feedback and follow-up Continual development
A CRR report: what is it?The Cyber Resilience Assessment (CRR) is an evaluation of an organisation s resilience or cybersecurity measures based on interviews. Your organization will get knowledge of how to handle cyber risk during both regular operations and during periods of stress levels and catastrophe through the CRR.
What is CRR's emergency response?Your department can use what you already know to reduce hazards in your operational area with the aid of a community reducing risk (CRR) program. CRR employs a wide range of instruments to create a strategy and integrated program aimed at minimizing the occurrence and effects of local risks.
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Marketing and common sense
Answers
2. Leverage Community. You don’t have to think big when it comes to your marketing efforts. Think locally. What’s going on in your community? Sponsor a Little League team or a 5k charity walk/run. Print bookmarks and leave them at the local library. If you understand who your ideal customer is, think about how and where they spend their time. Then search for opportunities to be there with your marketing message.
3. Collaborative Marketing. Put together a group of synergistic, non-competitive businesses in your area and agree to cross-promote. You can use coupons, fliers, reciprocal website links or even offer bundled promotions. By collaborating with each other you can expand your customer base because you’ll be reaching new people.
4. Networking. I’m a huge fan of networking. I don’t think there is any better way to build a business than to get out there, shake some hands, and get known. Networking requires a time commitment and it doesn’t provide instant gratification, but a strong network is one of the greatest assets any business person can have.
5. Give a Speech. A lot of people hate public speaking. However, there are lots of groups you are looking for qualified, subject-matter experts who can present to their groups. So take a deep breath and volunteer. You don’t have to be a pro as long as the information you share is helpful to the audience. And the upside — the more you do it the easier it gets. Plus it positions you as a credible authority in your field
A ________ is the cost of transmitting a news product to each consumer Group of answer choices head count cost shot cost unit cost delivery cost
Answers
Answer:
Delivery cost
Explanation:
Delivery cost is defined as the amount that is used to transmit a product from the manufacturer to the consumer.
Delivery cost is made up of the following.
- Manufacturing cost which is the cost incurred from the production plants to packaging in units. This is then introduced to the distribution chain.
- Product supply expense is mostly administrative cost incurred for purchase of materials, engineering, and development.
- Product logistics cost is one that is incurred from the time a product enters the distribution chain till it gets to the consumer
Why might you receive a high text-matching score in a text-matching software report?
Answers
A high proportion could indicate a significant case of plagiarism, or it could indicate another issue: occasionally, the same document may be posted to the database more than once.
Popular text-matching programs calculate a percentage of similarity, known as a "similarity score" or "plagiarism" which measures the textual correspondence between a specific manuscript and content in the software's archives, on the Internet, and in electronic databases.
In order to avoid the time-consuming chore of reading the longer, more extensive Similarity Reports, many examiners use these straightforward data as a stand-in for plagiarism. Similarity scores, albeit seductively simple, are never sufficient to determine whether or not there has been plagiarism. In a perfect world, evaluators would always review the similarity reports. However, given the time that can be saved by relying on the scores and the continued usage of imprecise similarity score limits at some academic journals and educational institutions.
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What is a college campus CERT is most likely to focus on?
A. Campus emergency situations
B. Student security
C. Community service hours
D. Weather-related situations
Answers
The college campus CERT is most likely to focus on Student security. Therefore, option B is the correct option.
What is CERT?The CERT is the acronym for “Community Emergency Response Team”. The CERT is a security team that handles the security incidents related to disasters and hazards which affect the health, life, and wealth of the people. Therefore, this preparedness is important.
The Community Emergency Response Team prepared the communities who face and experience the disasters themselves and many times the assistance gets delayed which causes more harm. Preparing the community is a more reliable and sustainable alternative when dealing with disasters.
Student security is most likely to be the focus of the college campus CERT. As a result, choice B is the best one.
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Answer:Campus Emergency Situations
Explanation:
Some universities have a campus CERT as part of their emergency management program. A campus CERT generally focuses on campus emergency situations but may choose or be asked to participate in assisting their greater community depending upon their organization.
Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period.
Answers
The amount that should be paid for each of the four separate invoices should be
a. $7,644
b. $23,958
c. $79,794
d. $16,490
Calculation of the amount:
Merchandise(gross) Terms Payment Discounts Net Invoice $
a. $7,800 2/10, n/60 $156 ($7,800*2%) $7,644
b. 24.200 1/15, EOM 242 ($24,200*1%) 23,958
c. 80,600 1/10, n/30 806 ($80,600*1%) 79,794
d. 17,000 3/15, n/45 510 ($17,000*3%) 16,490
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Q4. Four jobs are to be done on four different machines. The cost in rupees of producing ith on the jth machine is given below. Assign the jobs to different machines so as to minimise the total cost. Jobs M1 M2 M3 M4 J1 15 11 13 15 J2 17 12 12 13 J3 14 15 10 14 J4 16 13 11 17
Answers
The total minimum cost for this assignment is 48.
How to solve thisOne way to solve this problem is by using the Hungarian algorithm. It is an algorithm to solve the assignment problem in polynomial time, which is to find the optimal one-to-one assignment of tasks to machines such that the total cost is minimized.
According to the Hungarian algorithm, the optimal assignment for this problem is:
Job J1 to machine M2 with a cost of 11Job J2 to machine M3 with a cost of 12Job J3 to machine M1 with a cost of 14Job J4 to machine M4 with a cost of 11The total minimum cost for this assignment is 11 + 12 + 14 + 11 = 48.
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What is the purpose of an advance directive?
O A. It removes the burden of creating a final will.
O B. It removes the burden of making end-of-life decisions for loved ones.
O C. It directs loved ones to make end-of-life care decisions.
OD. It provides direction for estate planning and distribution.
answer: O B. It removes the burden of making end-of-life decisions for loved ones.
Answers
The purpose of an advance directive is that its removes the burden of making end-of-life decisions for loved ones. The Option B is correct.
What is an advance directive?Basically, an advance healthcare directive is also known as living will, personal directive, advance directive, medical directive or advance decision. It refers to a legal document in which a person specifies what actions should be taken for their health if they are no longer able to make decisions for themselves because of illness or incapacity. In the U.S., the directive has a legal status in itself but in some countries it is legally persuasive without being a legal document.
This living will is one form of advance directive because its leaves instructions for treatment. It is another form the power of attorney or health care proxy in which the person authorizes someone (an agent) to make decisions on their behalf when they are incapacitated.
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12.) A hypothetical condition would be employed in an assignment to
Answers
Answer:
n an appraisal assignment, a hypothetical condition is used when a property is appraised under a condition that is contrary to what is known by the appraiser to exist on the effective date of the assignment results.
Explanation:
is solicitation with the promise of reward is the highest level of sexual harassment
Answers
Answer:
false
Explanation:
discuss five engagement-specific controls to be instituted by an audit firm to ensure quality control
Answers
Answer:
The quality control policies and procedures applicable to a firm's accounting and auditing practice should encompass the following elements:
Independence, Integrity, and Objectivity.
Personnel Management.
Acceptance and Continuance of Clients and Engagements.
Engagement Performance.
Monitoring.
suppose you want to open a shoe company sugges names for this
Answers
Answer:
New Kick
Boundless
Brave Sole
Laced
shoe palace
coolkicks
What is the difference between final goods and intermediate goods?
Answers
A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.
B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.
Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:
1. Final Goods:
Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.
2. Intermediate Goods:
Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.
The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.
It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.
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1. By giving yourself a safety cushion on all sides of the vehicle you improve your ability to? 1. stop 2. maneuver 3. think 4. all of the above
Answers
Answer: 4
Explanation: All of the above
Suppose the risk-free rate of return is 3.5 percent and the market risk premium is
7 percent. Stock U, which has a beta coefficient equal to 0.9, is currently selling
for $28 per share. The company is expected to grow at a 4 percent rate forever,
and the most recent dividend paid to stockholders was $1.75 per share. Is Stock
U correctly priced? Explain.
Answers
Answer:
kaya nyo po iyan
Explanation:
nice habbsjsxgjshsbvda
f-1. Assume that no intra-entity inventory or land sales occurred between Placid Lake and Scenic. Instead, on January 1, 2020, Scenic sold equipment (that originally cost $170,000 but had a $84,000 book value on that date) to Placid Lake for $118,000. At the time of sale, the equipment had a remaining useful life of five years. What worksheet entries are made for a December 31, 2021, consolidation of these two companies to eliminate the impact of the intra-entity transfer
Answers
Answer:
Journal 1
Debit : Other Income $34,000
Credit : Equipment $34,000
Journal 2
Debit : Accumulated depreciation $6,800
Credit : depreciation $6,800
Explanation:
Step 1 : Eliminate the Income resulting from sale and the additional value of equipment sitting in the buyer books
Income = Selling Price - Carrying Amount
where,
Carrying Amount = Cost - Accumulated depreciation
= $84,000
therefore,
Income = $118,000 - $84,000 = $34,000
Journal;
Debit : Other Income $34,000
Credit : Equipment $34,000
Step 2 : Eliminate the unrealized profit as a result of additional asset value
unrealized profit = income ÷ remaining useful life
= $34,000 ÷ 5
= $6,800
Journal;
Debit : Accumulated depreciation $6,800
Credit : depreciation $6,800
Suppose there are four firms that are each willing to sell one unit of a good. Each firm has a different minimum price that they are willing to sell for: firm w $6, firm x $7, firm y $10, and firm z $12. If the market price is $9 then the market supply for this good will be.
Answers
The market supply for this good will be 2.
What will be the market supply?Firms would sell their goods or services as long as the market price is greater or equal to the minimum price they are willing to sell their goods or service.
Thus, Firms w and x would supply their goods because their minimum prices are $6 and $7 respectively. On the other hand, firms Y and Z would not supply their goods because their minimum prices is greater than the market price.
This means that the market supply for the good would be 2.
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