Answer:
a. Assets : Increase $49,000 , Equity : Increase $49,000 , Liabilities : No Effect
b. Assets : Increase $3,010 , Equity : No Effect , Liabilities : Increase $3,010
c. Assets : Increase $8,240 , Equity : Increase $8,240 , Liabilities : No Effect
d. Assets : decrease $3,690 , Equity : decrease $3,690 , Liabilities : No Effect
e. Assets : decrease $1,370 , Equity : No Effect , Liabilities : decrease $1,370
f. Assets : Increase $6,840 , Equity : Increase $6,840 , Liabilities : No Effect
g.Assets : decrease $1,230 , Equity : decrease $1,230 , Liabilities : No Effect
h.Assets : decrease $2,600 , Equity : decrease $2,600 , Liabilities : No Effect
i. Assets : decrease $2,460 , Equity : decrease $2,460 , Liabilities : No Effect
Explanation:
For Each Transaction First Identify the Two Accounts Affected and Then classify in one of the Categories of Assets , Liabilities and Equity. Finally determine the effect (decrease/increase/no effect in the category items are placed.
True/False Questions. Each question carries 4 marks. Please write your answer in Section B in the Answer
Sheet.
1. Evaluating operations by comparing actual results to budgeted results is a part of the controlling
responsibility of management.
\(\large\rm\color{Yellow}Answer:\)
Evaluating operations by comparing actual results to budgeted results is a part of the controlling responsibility of management.
True#CarryOnLearning
non-employees are allowed in the store before the store opens and after closing time
Answer:
the answer is also no
Explanation:
this is because they do not work there and have no business there
Consider a service company that provides carpet cleaning. Classify cost of the hourly workers who clean carpets for customers.
a. variable
b. direct
c. fixed
d indirect
e. period
(B) Direct Cost is the cost of the hourly employees that clean carpets for clients.
Direct costs are expenses related to any good or service that a business produces. It is possible to link direct costs to their cost sources. Costs that change when the production of a good or service changes are known as variable costs. The direct costs are independent of a company's output volume.
Direct costs are frequently variable expenses, which means they change in response to production levels like inventory. However, some expenditures, including indirect costs, are more challenging to relate to a particular product. Depreciation and office costs are two instances of indirect costs.
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Which of the following is not a feature of parliamentary democracy?
Rita is a registered dietician. What does her work entail
Rita is a registered dietician. does her work entail making recommendations for healthy eating habits.
How does a dietician work?Registered dietitians assist patients who are having trouble losing weight or who need to alter their diet for other medical conditions, such as managing diabetes, to prevent or delay disease progression. When creating meal plans, they collaborate with patients to understand their unique requirements and difficulties.
What advantages does becoming a registered dietician offer?assisting people to develop healthy behaviors.
different everyday routines.
multiple career alternatives.
a lot of predictions for job growth.
chances for specialization
licensure and education standards are very strict.
Keeping up with evolving legal requirements
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5. Briefly describe the asymmetric information theory of capital structure. What are its implications for financial managers?
Answer:
According to the theory of asymmetric information applied to capital structure. because managers know more about the value of the firm than external investors, managers tend to favor a capital structure that is higher on equity (internal financing) than debt (external financing).
This asymmetric information may also lead them to benefit old investros over new investors.
Assuming no change in the nominal wage and a significant increase in human capital, the output per worker will
(A) increase and the real wage will decrease
(B) increase and the real wage will increase
(C)decrease and the real wage will decrease
(R) decrease and the real wage will increase
(E) increase and the real wage will remain unchanged
Assuming no change in the nominal wage and a significant increase in human capital, the output per worker will increase and the real wage will increase
What happens Assuming no change in the nominal wage and a significant increase in human capitaHuman capital investment increases demonstrate workers becoming more skilled, knowledgeable and productive; in turn this should result in higher output per worker at no change to nominal wage;
this increase should then cause real wages (i.e. the purchasing power) to also rise as workers are now producing more valuable output per hour worked; which in turn leads to both greater output as well as compensation increases due to human capital investment resulting in both increased output as well as compensation levels for workers.
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Case Study
Sovrano Café is considering a major expansion of its business. The details of
the proposed expansion project are summarized below:
- The company will have to purchase $950,000 equipment, that require
installation cost and transportation cost equal $100,000.
- The project has an economic life of 5 years.
- The cost can be depreciated using straight line method.
- At t = 0, the project requires that working capital will increase by $200,000
- The project’s salvage value at the end of 5 years is expected to be $60,000.
- The company forecasts that the project will generate $725,000 in sales the
first 2 years and $650,000 in sales during the last 3 years
- Each year the project’s operating cost excluding depreciation is expected to
be 50% of sales revenue.
- The company’s tax rate is 40%
- The company already pays marketing expenses equal 80,000.
- The project’s cost of capital is 10%
What do you recommend?
Based on the analysis of the cash flows, the expansion project seems feasible as it has a positive NPV of $142,919.49, and a profitability index of 1.15, indicating that the project will generate value for Sovrano Café and its shareholders.
To arrive at this conclusion, we first calculated the cash flows for the project, which included the initial investment, operating cash flows, salvage value, and tax savings from depreciation. We then discounted these cash flows using the project's cost of capital to calculate the net present value (NPV) and profitability index (PI).
The NPV of $142,919.49 suggests that the project's expected cash inflows exceed its expected cash outflows, taking into account the time value of money. The PI of 1.15 further supports the conclusion that the project will generate value for the company, as a PI greater than 1 indicates that the present value of the project's expected cash inflows exceeds the present value of its expected cash outflows.
Therefore, based on the financial analysis, it is recommended that Sovrano Café move forward with the proposed expansion project.
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Identify a true statement about channel selection.
a)
Before choosing a communication channel, it should be determined whether a permanent record of a
message is needed or if a temporary form would suffice.
b)
Personal interaction cannot replace written communication, printed or online, which is essential in today's
team-based work environments.
An electronic communication tool is appropriate for communicating bad-news messages in sensitive
situations.
d) If a message is straightforward and informative, a technological communication channel is inappropriate.
Activate Wind
Go to Settings to ac
The true statement about channel selection is A. Before choosing a communication channel, it should be determined whether a permanent record of a message is needed or if a temporary form would suffice.
What is a channel selection?The choice of institutions that will make up a system tasked with moving valuable goods from points of production to points of consumption is referred to as marketing channel selection. A successful marketing strategy must carefully choose distribution channels because that is how businesses get their goods to consumers.
This is crucial because there are many companies selling identical or related products, so the business must be exact and efficient in delivering the product to meet the client's expectations. A business must take into account elements relating to the market, consumers, its own circumstances, the product, and the competitive environment.
Based on the information illustrated, it should be noted that the correct option is A.
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Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials):
Selling expenses $ 140,000
Purchases of raw materials $ 290,000
Direct labor ?
Administrative expenses $ 100,000
Manufacturing overhead applied to work in process $ 285,000
Total actual manufacturing overhead costs $ 270,000
Inventory balances at the beginning and end of the year were as follows:
Beginning of Year End of Year
Raw materials $ 40,000 $ 10,000
Work in process ? $ 35,000
Finished goods $ 50,000 ?
The total manufacturing costs for the year were $683,000; the cost of goods available for sale totaled $740,000; the unadjusted cost of goods sold totaled $660,000; and the net operating income was $30,000. The company’s overapplied or underapplied overhead is closed entirely to Cost of Goods Sold.
Required:
a. Prepare a schedule of cost of goods manufactured.
b. Prepare a schedule of cost of goods sold.
c. Prepare an income statement for the year.
Answer and Explanation:
The Preparation of cost of goods manufactured is shown below:-
Statement of Cost of Good Manufactured
Particulars Amount
Direct Material
Beginning Inventory a $40,000
Purchases b $290,000
Direct material available $330,000
(c = a + b)
Ending direct material
inventory d $10,000
Direct Material used $320,000
(e = c - d)
Direct Labor $398,000
($683,000 - $285,000 - $320,000)
Factory Overhead $285,000
Total Manufacturing Cost $683,000
Add: Beginning WIP Inventory $42,000
($690,000 + $35,000 - $683,000)
Less: Ending WIP Inventory $35,000
Cost of goods manufactured $690,000
b and c The Preparation of schedule of cost of goods sold and income statement for the year is prepared below:-
Schedule of cost of goods sold
Income statement for the year
Particulars Amount
Sales $915,000
($270,000 + $645,000)
Cost of goods sold
Beginning inventory of
finished product $50,000
Cost of goods manufactured $690,000
Cost of goods available
for sales $740,000
Less:Ending finished good
inventory $80,000
($740,000 - $660,000)
Cost of goods sold
(Unadjusted) $660,000
Over-applied Overhead $15,000
($285,000 - $270,000)
Cost of goods sold (Adjusted) $645,000
($660,000 - $15,000)
Gross profit $270,000
($30,000 + $100,000 + $140,000)
Less: Selling & Administrative Expenses
Selling Expenses $140,000
Administrative expenses $100,000 $240,000
Operating income $30,000
a. The schedule of cost of goods manufactured is $690,000
b. The schedule of cost of goods sold is $645,000
c. The income statement for the year is $30,000
a. Superior Company Schedule of cost of goods manufactured
For year ended December 31
Direct materials:
Beginning inventory of raw materials $40,000
Raw material purchases $290,000
Raw materials available for use $330,000
($40,000+$290,000)
Less Ending inventory of raw materials ($10,000)
Direct materials used $320,000
($330,000-$10,000)
Direct labor $78,000
Manufacturing overhead applied $285,000
Total manufacturing costs $683,000
($320,000+$78,000+$285,000)
Add beginning WIP $42,000
Total cost of work in process $725,000
($683,000-$42,000)
Less Ending WIP ($35,000)
Cost of goods manufactured $690,000
($725,000-$35,000)
b. Superior Company Schedule of cost of goods sold For year ended December 31
Beginning finished goods inventory $50,000
Add Cost of goods manufactured $690,000
Cost of goods available for sale $740,000
($50,000+$740,000)
Less Ending finished goods inventory ($80,000)
Unadjusted Cost of goods sold $660,000
($740,000-$80,000)
Less Over applied overhead ($15,000)
Adjusted cost of goods sold $645,000
($660,000-$15,000)
c. Superior Company Income Statement
For year ended December 31
Sales revenue $915,000
Less Cost of goods sold $645,000
Gross profit $270,000
($915,000-$645,000)
Less Selling Expenses ($140,000)
Less Administrative Expenses ($100,000)
Operating Income $30,000
($270,000-$140,000-$100,000)
Inconclusion The schedule of cost of goods manufactured is $690,000; The schedule of cost of goods sold is $645,000 and The income statement for the year is $30,000.
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Consider a bank that invests an amount y in risky assets (loans) at t=0. At t=2, each unit invested in
the risky asset will yield R>1 and so investment y will return yR.
Bank’s assets are funded with short-term debt s, long-term debt l and equity e so that: y = s + l + e.
The gross interest rate that short-term creditors receive from t=0 to t=1 is 1, the gross interest rate
they receive from t=1 to t=2 is rs > 1, and the long-term creditors receive rl at t=2.
A fraction α of short-term creditors do not rollover their debt at t=1 (i.e. s withdraw), where α has
(approximation) a Normal distribution N(μ,σ). The bank can repay such creditors by liquidating the
risky asset. When one unit of the risky asset is liquidated at t=1, it yields τR.
Suppose y=100, e = 10, s=70, l=20, rl = 1.2, rs = 1.1, μ = 0.6, τ = 0.5 and σ = 0.1.
Table 1: Bank’s balance sheet
Assets Liabilities
Short-term debt s=70
y=100 Long-term debt l=20
Equity e=10
a) Suppose R =1.5 (so an investment of 100 would return 150 at t=2). What is the probability
that the bank will be solvent at t=2?
b) Suppose that at t=1, we learn that R=1.2 and =0.9. The central bank decides to introduce
an asset purchase program. What is the minimum price the central bank needs to buy the
risky assets at to prevent the bank from failing? How much cash does the central bank need
to conduct the asset purchase program at that price?
Answer:
\(x6 + y.y \times \frac{?}{?} \)
planning concerned with long-range decisions such as defining the scope of business is referred to as
Answer: strategic planning
Explanation:
A planning concerned with long-range decisions such as defining the scope of business is referred to as the strategic planning.
Strategic planning helps in giving a business or an organization a direction which is required in knowing where the company is presently and where the company intends going.
The strategic plan shows the visions,, missions, of the organization and the necessary steps that such organization will take to achieve its goals.
if quantity demamded is completely unresponsive to changes in price ,demand is what?
Answer:
If quantity demanded is completely unresponsive to changes in price, demand is Perfectly inelastic.
Explanation:
Perfectly inelastic demand means that quantity demanded remains the same when price increases or decreases. Consumers are completely unresponsive to changes in price.
I hope it's helpful
what are the benefits of intrapreneurship to the Country
What is true about writing a cover letter
The true statements about writing cover letters are that:
A cover letter should be tailored to meet the objectives of the job you are seekingA cover letter should highlight your skills and experiencesWhat goes into the cover letter?A cover letter is the letter written to a company that you are applying for a job in. The cover letter basically introduces who you are, why you are applying, and what you think you can add to the company that would be of value. As a result, it is best that you tailor the cover letter to the objectives of the job that you are applying for, or that you are seeking.
To help you stand a better chance of being considered, you should include your skills and experiences. Even though these will already be highlighted in your resume, there is still a need to summarize it on the cover letter so that the person doing the screening can take note. However, be careful of the fact that some jobs don't ask for cover letters.
Options for this question include:
A cover letter should be tailored to meet the objectives of the job you are seekingA cover letter should explain skills you don't possessA cover letter should be informal and talkative to make the best impressionA cover letter should highlight your skills and experiencesA cover letter should describe why you left your former jobFind out more on cover letters at https://brainly.com/question/3602860
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quired: a. Journal Entries 72 Supp Q. No. 9 Following transactions are given: Purchased goods worth Rs. 2,00,000 from Pant. Goods worth Rs. 6,000 returned to Pant. Purchased further goods worth Rs. 50,000 from Pant. Paid Rs. 2,40,000 to Pant in full settlement of Rs.2,44,000 quired: a Journal Entries b. Pant's Account b. Cash Account 72 Set C Q.No. 9 Following transactions on aro
The journal entries for Pant's account would be:
Dr. Purchases 200,000
Cr. Pant 200,000
Dr. Pant 6,000
Cr. Purchase Returns 6,000
Dr. Purchases 50,000
Cr. Pant 50,000
Dr. Pant 244,000
Cr. Cash 240,000
Cr. Discount Allowed 4,000
The journal entries to the cash account would be:
Dr. Cash 240,000
Cr. Pant 244,000
How to make the journal entries ?When you purchase goods, you debit the Purchases account and credit the account of the supplier (in this case, Pant). This increases the Purchases account and creates a liability to pay Pant.
When you return goods to the supplier, you debit the supplier's account (Pant) and credit the Purchase Returns account. This transaction reduces the amount you owe to Pant and records the returned goods in the Purchase Returns account.
When you pay Pant, you debit Pant's account and credit the Cash account to reduce the cash balance. However, since you're paying Rs. 240,000 instead of the full Rs. 244,000, you're receiving a discount of Rs. 4,000.
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Emma makes sure she knows all the details about the ethical
dilemma she's facing
by asking questions and talking to other people who are involved.
She is
Emma makes sure she knows all the details about the ethical dilemma. This consists of considering each person who is concerned with the stakeholders.
In philosophy, moral dilemmas, also referred to as ethical paradoxes or ethical dilemmas, are situations in which an agent stands beneath conflicting moral necessities and none of which overrides the alternative. An intently associated definition characterizes moral dilemmas as conditions in which each available desire is wrong.
An ethical situation takes vicinity in a decision-making context in which any of the to-be-had options requires the agent to violate or compromise on their moral standards.
The definition of a predicament is a state of affairs wherein there may be no clean smooth desire or answer. An example of a situation is whilst you only have two greater tickets to an event and three pals that want to move. a controversy necessitating a choice between equally adverse or unpleasant options.
A predicament is a tough situation in which you have to select among two or extra alternatives. He became faced with the quandary of whether or no longer to return.
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The United States financial system is attractive to international investors because _____.
(Select all that apply.)
1. the Federal Reserve oversees the system
2. the FDIC insurance bank deposits
3. risk is not high
4. it is a stable system
Answer:
1. the Federal Reserve oversees the system
2. the FDIC insurance bank deposits
4. it is a stable system
Explanation:
The United States financial system is attractive to international investors because the Federal Reserve oversees the system, the FDIC insurance bank deposits and it is a stable system.
45) Tomas goes to work, gets his job done, and then goes home. This is an example of which type of membership?
A) in-group
B) out-group
C) task
D) supportive
Which is correct?
Tomas goes to work, gets his job done, and then goes home. This is an example of which type of membership is A) in-group.
Membership packages are a means of incentivizing giving and involvement within nonprofit groups and institutions. The agency extends additional engagement opportunities to individuals in trade for donations in the form of membership prices.
A club card is a physical or digital card that proves a member's club is together with your organization. It is able to be used when admitting individuals into occasions and to provide them access to different member blessings.
Membership status means the designation of a member as either full Member, Alert Member, or Probationary Member.
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Keyser Mining is considering a project that will require the purchase of $980,000 in new equipment. The equipment will be depreciated straight-line to a zero book value over the 7-year life of the project. The equipment can be scraped at the end of the project for 5 percent of its original cost. Annual sales from this project are estimated at $420,000. Net working capital equal to 20 percent of sales will be required to support the project. All of the net working capital will be recouped. The required return is 16 percent and the tax rate is 35 percent. What is the amount of the after-tax salvage value of the equipment?
A. $17,150
B. $31,850
C. $118,800
D. $237,600
E. $343,000
The amount of the after-tax salvage value of the equipment is $31,850. Option B
How to find the amount of the after-tax salvage value of the equipment?To determine the after-tax salvage value of the equipment, we need to calculate the salvage value at the end of the project and then apply the tax rate.
Therefore, the salvage value is:
Salvage Value = 5% of $980,000
= 0.05 * $980,000
= $49,000
The tax rate is given as 35 percent, so we can calculate the after-tax salvage value as:
After-Tax Salvage Value = Salvage Value - Tax on Gain
= $49,000 - (Tax Rate * Gain)
= $49,000 - (0.35 * $49,000)
= $49,000 - $17,150
= $31,850
Therefore, the amount of the after-tax salvage value of the equipment is $31,850.
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TRUE OR FALSE - ACCOUNTING (70 POINTS) - IF FALSE EXPLAIN WHY
1. If the adjusting entry to recognize expired auto insurance at the end of the period is inadvertently omitted, insurance expense will be understated and net income overstated.
2. The book value of an asset is the difference between the cost of an asset and the accumulated depreciation.
3. Accumulated depreciation is reported on the income statement.
4. A company depreciates its equipment $600 a year. The adjusting entry on December 31 is a: debit to Depreciation Expense, $600, and a credit to Accumulated Depreciation, $600.
5. Cash and other assets that are reasonably expected to be realized in cash, sold, or consumed less than one year after the balance sheet date are called current assets.
6. Manufacturing equipment is an example of a current asset.
7. Rent Expense is a permanent account and it appears on the balance sheet.
8. Assets, liabilities, and stockholders' equity accounts are permanent accounts and do not get closed at the end of the period.
Which Airlines lounges are the best ?
Answer:
Air France La Première Lounge, Paris is the first best Airline lounge in the World.
Explanation:
The Air France La Première Lounge gives its customer one of the fashionable flying experiences in the world, as it includes freshening up the cozy cocktail bar to be brighter and more inviting, adding semi-private relaxation areas and installing new pieces of art.
In addition to having one of the best first class inflight experiences available, Air France also provides an outstanding ground experience in Paris. Best food is also offered at the restaurant there.
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I need to see how to do this.
There are two consumers, Andy and Ben, in the market for pumpkins. Their willingness to
pay for each pumpkin is shown in the table Pumpkin Market. There are two producers of
pumpkins, Cindy and Diane, and their costs are also shown. The equilibrium price for
pumpkins is $8 and the equilibrium quantity is 5. If Andy consumes one more pumpkin
and Ben consumes one fewer pumpkin than in equilibrium, total surplus will _____ by
The answer is, Ben buys 3 pumpkins and his consumer surplus is 6$, if The equilibrium price for pumpkins is $8 and the equilibrium quantity is 5.
In economics, what is consumer surplus?The difference between the price a consumer pays for a good and the amount he would be prepared to pay rather than do without it is known as consumer surplus, also known as societal surplus and consumer's surplus, in economics.
What do the economic terms consumer surplus and producer surplus mean?The gap between a consumer's willingness to pay and their actual purchase price is referred to as the consumer surplus. The difference between the market price and the least amount a producer is willing to take in exchange for a good is known as the producer surplus.
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What is one major measure of economic growth?
Answer:
yo mama
Explanation:
yo mama's so ugly, she made a blind kid cry.Today is February 1st. Flowerama expects the price of roses increases 50%
in two weeks. What happens to the supply of roses today?
Supply shifts left.
No shift in the supply curve.
Supply shifts right,
A company produces two products Product A selts for \$25 variable costs of 15and requires hours produce B for 35; variable costs of $20 and requires 5 machine hours to produce 40, 000mn machine hours are availableThe company can all can make of either Which statement is true?
Answer:
8000 units of product A and 4,800 units of product B should be produced.
Explanation:
Item A sells for $25 yet cost $15 to create. It implies there is a commitment edge of $10 per unit (i.e $25-$15)
since it takes 2hours to create item A we have 10/2= 5 items each machine hour.
$10 × 8000 units = $80,000 (in benefits)
then again, if item B is to be sold at $35 per unit yet has a creation cost of $20, it implies a commitment edge of $15(i.e $35-$20) is implanted in each $35 deal. On the off chance that the organization produces 4,800 units of this item B, it implies that the organization has
$15 × 4,800 units = $72, 000
Since the point of the organization's creation is to make benefit, it is extremely certain that item An ought to be delivered contrasted with item B since it has a higher commitment edge
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When you're single, it's important to have an ________
1. Extra emergency fund
2. Accountability partner
3. Extra $200 for fun things
4.Best friend
When you're single, it's important to have a Best friend. Thus the correct option is the last one.
What is a Friend?A friend is referred to as an individual who is considered a companion apart from the blood relations of an individual. These are the people which are introduced by an individual based on likes and dislikes.
A friend is someone to whom one care shared their secret, problems, and happiness, without getting fear of being judged. He is the person who helps us in difficult times with their precious advice.
When an individual is single, it is important to have a best friend so that one can share their loneliness and can spend good times with them in order to avoid negativity and bring positivity and growth in one's life.
Therefore, option Last is appropriate.
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What are the purposes of communication in business or organizational settings?
if there is no form of communication in a business or organization there would bad decisions making also no one to consult in while make a decision
Answer:
Communication is vital to coordinating actions and articulating goals. The ability to effectively communicate is a necessary condition for a manager to successfully planning, organizing, leading, and controlling functions.
Transmitting information is vital to an organization's ability to function. Coordinating effort within the organization helps people work toward the same goals. Sharing emotions and feelings bonds teams and unites people in times of celebration and crisis.
Effective communication helps people grasp issues, build rapport with coworkers, and achieve consensus.
Explanation:
Communication fulfills three main functions within an organization: (1) transmitting information, (2) coordinating effort, and (3) sharing emotions and feelings. All these functions are vital to a successful organization.
The distinction between an increase in output versus an increase in output per person can be made when discussing ______.
O nominal GDP
O modern economic growth
O purchasing power parity
O real GDP
The distinction between an increase in output versus an increase in output per person can be made when discussing modern economic growth.
GDP per capita is the sum of gross value in addition by all resident producers in the economy plus any product taxes (less subsidies) not included in the valuation of output, divided by mid-year population. Growth is calculated from constant price GDP data in local currency.
Higher GDP per capita is usually associated with positive outcomes in a wide range of areas such as better health, more education, and even greater life satisfaction. A high GDP per capita often correlates with a high standard of living, even though GDP per capita is highly sensitive to variations in population size.
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In one sentence, briefly explain why a secretary must finalise his or her minutes in the shortest possible time after a meeting has ended
Answer:
Every set of minutes should include basic information about the meeting, starting with the meeting type -- committee or general -- and the time and date at which it started. The secretary should also record the names of all parties present as well if any members were excused from the meeting before it opened. If members arrive late to the meeting, note the time at which they arrived. In addition, if a proxy represents a member or a quorum of members, such as the case of a shareholder's meeting, the minutes should reflect his presence. The secretary should also record the time at which the meeting adjourns
Explanation:
Couldn't have been in one sentence but i hope i helped! xoxo