The following events occur for The Underwood Corporation during 2021 and 2022, its first two years of operations.

June 12, 2021 Provide services to customers on account for $33,200.
September 17, 2021 Receive $18,500 from customers on account.
December 31, 2021 Estimate that 45% of accounts receivable at the end of the year will not be received.
March 4, 2022 Provide services to customers on account for $48,200.
May 20, 2022 Receive $10,000 from customers for services provided in 2021.
July 2, 2022 Write off the remaining amounts owed from services provided in 2021.
October 19, 2022 Receive $38,500 from customers for services provided in 2022.
December 31, 2022 Estimate that 45% of accounts receivable at the end of the year will not be received.

Required:
Calculate net accounts receivable at the end of 2021 and 2022.

2021 2021
Total accounts receivable
Less: Allowance for uncollectible acounts
Net accounts receivable

When there is an increase in labor productivity, we observe that there is an increase in GDP with labor hours held constant.

Labor productivity:

Labor productivity therefore relates to goods being produced when the labor hours are kept constant. An increase in labor productivity is good for GDP because it means that more goods are being produced.

In conclusion, increased labor productivity means increased GDP at constant labor hours.

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1. an increase in GDP with labor hours held constant

2. A graphic designer attends a week-long seminar and learns advanced skills she can apply to her work.

3. the discovery of a way to improve software speed that increases employee productivity

4. discovering an inexpensive way to make steel

5. false since technological improvements can lead to certain jobs becoming obsolete

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The true statements about writing cover letters are that:

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:

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Answer:

The tax currently owed to the U.S. government is:

$18,900

Explanation:

a) Data and Calculations:

Income generated by the foreign subsidiary = $1,000,000

Tax paid by the subsidiary in its country of residence = $400,000

Dividend paid to the U.S. parent = $54,000

Federal tax rate = 35%

Tax on the dividend = $18,900 ($54,000 * 35%)

b) The dividend of $54,000 is a foreign-source income earned by a U.S. parent corporation.  This is this amount that will be subject to tax in the U.S. and not the net income of the subsidiary.

If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is :  $3071.

Monthly payment can be defined as the amount a person received on a monthly basis.

First step is to convert the month to  year

Month to year = 24 / 12

Month to year = 2 years

Second step is to find the interest using this formula

I = P × R×T

Where:

I = Interest

P = Principal

R = rate

T = time

Hence

I = 63,000 × 2 × 8.5%

I = 10,710

So,

P+ I = 63,000 + 10,710

P+I = 73,710

Now let find the monthly payment:

Monthly payment = 73,710 / 24 months

Monthly payment = $3,071.25.

Monthly payment = $3,071 (Approximately)

Therefore the monthly payment is the amount of $3071

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Answer:

fvsvfdc

Explanation:

Answer: Their are many benefits of the global food system, there are also problems.

Explanation: Weather impacts our food globally when their are droughts, storms etc. You need to consider that some people don't have access to food, or water access. Climate change is a big factor when it comes tothe global food system.

Answer:

Instructions are below.

Explanation:

Giving the following information:

Standard:

Direct materials 2.0 plates $2.75 per plate

Direct labor 0.2 hours $15.00 per hour

Variable manufacturing overhead 0.2 hours $7.00 per hour

Actual:

1,500 blood tests.

3,600 plates were purchased for $9,540

3,200 plates were used for blood tests

340 actual direct labor-hours were worked for $5,550

1)The materials price variance:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (2.75 - 2.65)*3,600= $360 favorable

2) The materials quantity variance:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (2*1,500 - 3,200)*2.75

Direct material quantity variance= $550 unfavorable

3) The labor rate variance:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (15 - 16.32)*340= $448.8 unfavorable

4) The labor efficiency variance:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (1,500*0.2 - 340)*15

Direct labor time (efficiency) variance= $600 unfavorable

5) The variable overhead efficiency variance:

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Variable overhead efficiency variance= (1,500*0.2 - 340)*7

Variable overhead efficiency variance= $280 unfavorable

Option D is correct

Answer:

C is the correct answer

Explanation:

Denying the loan because the person is unlikely to pay it back is a bank most likely to take when evaluating a loan application from a person with a low credit score and a poor credit history.

Borrowers apply for loans via a loan application. Through the loan application, borrowers provide vital financial information to the lender.

The loan application is crucial in determining whether or not the lender will approve your funding or credit request.

Thus, option C is correct.

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Answer: vendor

Explanation: A vendor is a general term for anyone who buys and sells goods or services. A vendor purchases products and services and then sells them to another company or individual. Large retailers, like Target, rely on many different vendors to supply products, which it buys at wholesale prices and sells at higher retail prices.

The cash flows to investors from operating activities for Oriole Mills Company is $543,973.

To compute the cash flows to investors from operating activities, we need to start with the net income and make adjustments for non-cash expenses and changes in working capital. The formula to calculate cash flows from operating activities is as follows:

Cash Flows from Operating Activities = Net Income + Depreciation Expenses + Non-Cash Interest Expenses - Increase in Current Assets + Increase in Current Liabilities + Decrease in Current Assets - Decrease in Current Liabilities

Given the financial information provided, we can calculate the cash flows to investors from operating activities as follows:

Net Income:

Net Income = Sales - Cost of Goods Sold - Depreciation Expenses - Interest Expenses - Taxes

Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - ($1,470,000 - $817,100 - $179,600 - $94,000) * 0.29

Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - ($379,300 * 0.29)

Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - $109,927

Net Income = $269,373

Depreciation Expenses = $179,600

Non-Cash Interest Expenses = $94,000

Changes in Working Capital:

Increase in Current Assets = 0 (no information provided)

Increase in Current Liabilities = 0 (no information provided)

Decrease in Current Assets = 0 (no information provided)

Decrease in Current Liabilities = 0 (no information provided)

Finally, we can calculate the cash flows to investors from operating activities:

Cash Flows from Operating Activities = $269,373 + $179,600 + $94,000 + 0 + 0 + 0 + 0

Cash Flows from Operating Activities = $543,973

Therefore, the cash flows to investors from operating activities for the Oriole Mills Company is $543,973.

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Answer:

"There are no federal income tax consequences when you are granted stock appreciation rights. However, at exercise you must recognize compensation income on the fair market value of the amount received at vesting. An employer is generally obligated to withhold taxes. Depending on the rules of your plan, the employer may satisfy that withholding obligation by withholding cash or shares. The remaining net proceeds will be deposited into a brokerage account. If you receive net shares and sell them at a later point, the appreciation in value of the shares from the time of exercise to the time of sale will be treated as a capital gain or loss. Whether it is a long-term or short-term gain or loss will depend on how long the shares are held."

Explanation:

I don't know if this helps, but here is a quate i found.

https://www.fidelity.com/webcontent/ap002390-mlo-content/18.09/help/learn_stock_appreciation_rights.shtml

The flaw in the reasoning is an increase in the price of a ticket will not cause a decrease in demand, but rather a decrease in quantity demanded.

There is a change in quantity demanded when the price of a good changes. For example, if the price of plane tickets increase, there would be a decrease in quantity demanded for airplane travel.

There is a change in demand when other factors except for the price of a good change. For example, if there is a news that airplane travel increase lifespan, there would be an increase in demand for airplane travel.

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In order to establish a foundation for a business connection, buyer's agents present to leads in a brief. Option C is correct .

Semi-formal manner known as a buyer presentation. Agents utilize buyer presentations to better understand the true desires of their leads and to establish expectations for the market and the client-agent relationship.

The exclusive right to represent is another name for this arrangement. By agreeing to this contract, the buyer binds himself or herself to pay the brokerage company compensation in the event that the buyer purchases any property of the kind specified in the contract.

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The equivalent number of full-time workers based on the 3 hours per week volunteered by 100 million volunteers in the US is approximately 144,230 full-time workers. Option C is the correct answer.

To calculate the equivalent number of full-time workers based on the 3 hours per week that 100 million volunteers donate every year in the US, we need to determine the total number of hours volunteered and divide it by the number of hours worked by a full-time worker in a year.

Let's assume a full-time worker works an average of 40 hours per week, and there are 52 weeks in a year.

Total hours volunteered per year:

3 hours per week * 100 million volunteers = 300 million hours

Total hours worked by a full-time worker per year:

40 hours per week * 52 weeks = 2,080 hours

Equivalent number of full-time workers:

300 million hours / 2,080 hours = approximately 144,230 full-time workers

Option C is the correct answer.

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the work-study program is a federally funded program in the United States that assists students with the costs of postsecondary education by finding them employment. option (D)

A federally funded program in the United States that helps students with the costs of post-secondary education is the Federal Work-Study program, formerly known as the College Work-Study Program and commonly referred to as just "Work-study" in the country. An internship or work-study position in your academic area can give you valuable experience and even influence your future career decisions. Work-study is a fantastic way for students to make additional money while enhancing their resumes because many schools provide simple ways to locate jobs that are flexible and accommodating to class schedules.  the work-study program is a federally funded program in the United States that assists students with the costs of postsecondary education by finding them employment.

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Answer: A job search should be done using various filters in the search engines so that one can get only the specific results.

Explanation:

A JOB LEADS SOURCE LIST:

It can help us to find all the specific job lists.

The information includes contact information about the source company.

A PERSPECTIVE EMPLOYER RECORD:

It is used to gather information about hiring status, recording information, and can help in asking questions related to employment.

Answer:

Two documents that you could use to organize your job search include a Job Leads Source List and a Prospective Employer Record. A Job Lead Source List is used to help record all of the job leads you find. It includes contact information and a plan of action for how to use the job lead. A Prospective Employer Record is used to gather additional information about a job lead, using the contact information and plan of action from the Job Lead Source List. The Prospective Employer Record gathers information about each job leads hiring status, job potential, and follow-up methods.

Explanation:

Sample response; edge 2020

Designated Brokerage was established to completely detach the broker-client connection from the company, the employing broker, and any employed associate brokers.

In a real estate transaction, a designated agency occurs when two agents from the same broker represent the parties. Agency appointed is another name for designated agency. In a designated agency scenario, despite the fact that both agents are employed by the same broker, each party has the option of receiving representation from a separate agent.

Note that a designated broker is the owner of a real estate company who is in charge of managing daily operations for other brokers, office personnel, and private clients.

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Answer:

Direct labor time (efficiency) variance= $3,190.6 favorable

Explanation:

To calculate the direct labor quantity variance, we need to use the following formula:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (391 - 90)*10.6

Direct labor time (efficiency) variance= $3,190.6 favorable

Standard quantity= 2.3*170= 391

The margin for the year is 30% for Circle Square, incorporated had an ROI of 9%, turnover of 3.0, and sales of 4 million for the year.

What is margin?

To calculate the margin, we can use the formula:

Margin = Net Income / Sales

First, we need to find the net income, which is calculated as:

Net Income = ROI x Total Assets

Total Assets = Sales / Turnover

Net Income = ROI x (Sales / Turnover)

Net Income = 0.09 x (4,000,000 / 3.0)

Net Income = $1,200,000

Now we can calculate the margin:

Margin = Net Income / Sales

Margin = $1,200,000 / $4,000,000

Margin = 0.30 or 30%

Therefore, the margin for the year is 30%.

What are the assets?

An asset is a resource that is owned or controlled by an individual, company, or organization that has economic value and is expected to generate future benefits. Assets can be both tangible and intangible. Tangible assets are physical objects that can be seen and touched, such as buildings, equipment, inventory, and cash. Intangible assets, on the other hand, are non-physical items that do not have a physical presence but still have value, such as intellectual property, brand names, patents, trademarks, and copyrights.

Assets are recorded on a company's balance sheet and are typically classified as current assets, such as cash or inventory that can be converted to cash within one year, or long-term assets, such as buildings or equipment that will provide future economic benefits over a period of several years.

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Answer:

Your debt will go to a collection agency, and your credit history and score will be affected!

Explanation:

Answer:

The market environment is the combination of external and internal factors that affect a company's ability to establish a relationship with and serve its consumers.

Explanation:

The internal factors relate to the company itself, such as owners, workers, materials, components, etc.

The external factors are divided into macro and micro components. The macro component is the broad environment which includes societal forces that affect society as a whole. The micro component is task-related, which includes factors that influence the production, manufacturing and distribution of a product or service.

Answer:

Flavell said that metacognition is the knowledge you have of your own cognitive processes (your thinking). Flavell (1979). It is your ability to control your thinking processes through various strategies, such as organizing, monitoring, and adapting.

I don't know if that was the answer you were looking for.. but that's the best that I could do.

Answer:

C. $1600

Explanation:

You own $400 dollars worth of the company which is your asset/property. In addition, supposedly you're going to use that $1200 loan and invest that into the company as well, increasing your asset.

$1200 + $400 = $1600.

Answer:

The correct answer is (c) $1600. The balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time. When you invest $400 of your own money into the company and receive a loan of $1200 from the bank, the total value of your assets would be $1600, which is the sum of your investment and the loan.

The balance sheet is used to assess the financial health of a company by comparing its assets to its liabilities and equity. Assets represent the resources that a company owns or controls, such as cash, inventory, and property. Liabilities are obligations that a company owes to others, such as loans and accounts payable. Equity represents the residual interest in the assets of a company after liabilities have been settled.

In this case, your investment of $400 would be recorded as equity on the balance sheet, and the loan from the bank would be recorded as a liability. The total value of your assets would be $1600, which is the sum of your equity and the liability.

1. Columnar Flexible Budget:

$7,000,000 $8,000,000 $9,000,000

Net Revenue $7,000,000 $8,000,000 $9,000,000

Fuel $140,000 $160,000 $180,000

Repairs and Maintenance $70,000 $80,000 $90,000

Supplies and Miscellaneous $700,000 $800,000 $900,000

Variable Payroll $4,690,000 $5,360,000 $6,030,000

Total Variable Costs* $5,600,000 $6,400,000 $7,200,000

Supervision $140,000 $160,000 $180,000

Rent $160,000 $160,000 $160,000

Depreciation $480,000 $480,000 $480,000

Other Fixed Costs $160,000 $160,000 $160,000

Total Fixed Costs $940,000 $960,000 $960,000

Total Costs $6,540,000 $7,360,000 $8,160,000

Operating Income $460,000 $640,000 $840,000

2. Formula for Flexible Budget Costs:

Total Variable Costs = (Variable Cost per Unit * Net Revenue) + Total Fixed Costs

3. Condensed Table:

Variance Master (Static) Budget Sales Volume Variance Flexible Budget Variance

Net Revenue $400,000 UF $0 $200,000 UF

Total Costs $175,000 F $0 $50,000 F

Operating Income $225,000 U $0 $150,000 U

The Master (Static) Budget Variance is the difference between the budgeted net revenue and the actual net revenue. In this case, it is an unfavorable variance of $400,000.

The Sales Volume Variance is the difference between the flexible budget net revenue and the budgeted net revenue. Since there is no change in the sales volume, this variance is zero.

The Flexible Budget Variance is the difference between the flexible budget total costs and the actual total costs. In this case, it is a favorable variance of $50,000. This indicates that the company was able to control costs better than anticipated.

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Answer:

Even though the bureaucratic structure has received a lot of criticism, it has some advantages. Accountability, predictability, structure and job security are just a few to mention. Furthermore, a bureaucratic culture is based on impersonal relationships, discouraging favoritism

We estimate the mean weight of the population to be 402.7 grams, with a 99% confidence interval of (398.77, 406.63) grams. The degree of confidence used is 99%.

To estimate the mean weight of the population of rainbow trout fingerlings, we can use the sample mean as an estimate. In this case, the sample mean weight is 402.7 grams.

Since the sample is a good representation of the population, we can consider this as our estimate for the population mean weight.

To determine the 99% confidence interval, we need to calculate the margin of error. The margin of error is given by multiplying the critical value (z*) with the standard deviation of the sample mean.

For a 99% confidence level, the critical value is 2.576 (obtained from a standard normal distribution table).

The margin of error is then calculated as 2.576 * (8.8 / sqrt(40)), which equals 3.932 grams. Therefore, the 99% confidence interval for the mean weight of the population is 402.7 ± 3.932, or approximately (398.77, 406.63) grams.

The degree of confidence used is 99%, meaning that if we repeated the sampling process multiple times, approximately 99% of the resulting confidence intervals would contain the true population mean weight.

In conclusion, we estimate the mean weight of the population to be 402.7 grams, with a 99% confidence interval of (398.77, 406.63) grams. This means we are 99% confident that the true population mean weight falls within this range.

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a. The Income Statement for the year ended 31 December 2021 is RM80,360.

b. The Statement of Financial Position as at 31 December 2021 is RM206,645.

a) Income Statement for the year ended 31 December 2021:

Sales: RM199,070

Less: Sales returns: RM2,050

Net Sales: RM197,020

Cost of Goods Sold:

Opening Inventory: RM32,200

Purchases: RM73,500

Less: Purchases returns: RM2,120

Add: Carriage inwards: RM3,570

Goods Available for Sale: RM107,150

Less: Closing Inventory: RM18,180

Cost of Goods Sold: RM88,970

Gross Profit: RM197,020 - RM88,970 = RM108,050

Operating Expenses:

Discount allowed: RM2,550

Salaries: RM16,100 + RM140 = RM16,240

Electricity bills: RM5,400 - RM500 = RM4,900

Custom duty on purchases: RM3,000

Insurances: RM450

Maintenance expenses: RM3,300

Total Operating Expenses: RM30,340

Net Profit before Non-operating Items:

Gross Profit - Operating Expenses: RM108,050 - RM30,340 = RM77,710

Non-operating Items:

Interest received: RM450

Commission received: RM2,600 - RM400 = RM2,200

Total Non-operating Items: RM2,650

Net Profit before Tax:

Net Profit before Non-operating Items + Total Non-operating Items: RM77,710 + RM2,650 = RM80,360

b) Statement of Financial Position as at 31 December 2021:

Assets:

Non-current Assets:

Motor vehicles: RM90,000 - (RM90,000 * 15%) = RM76,500

Fixtures & fittings: RM48,500 - (RM48,500 * 10%) = RM43,650

Total Non-current Assets: RM120,150

Current Assets:

Inventory: RM18,180

Account receivables: RM37,700 - (RM37,700 * 5%) - RM700 = RM35,815

Prepaid electricity bills: RM500

Cash in hand: RM6,800

Cash at bank: RM25,200

Total Current Assets: RM86,495

Total Assets: RM206,645

Liabilities and Equity:

Equity:

Capital: RM50,000

Retained Earnings: RM80,360

Total Equity: RM130,360

Current Liabilities:

Account payables: RM48,650

Bank loan: RM50,000

Total Current Liabilities: RM98,650

Total Liabilities and Equity: RM206,645

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