Answer:
The answer is:
A. $239,000
B.
June 30
Dr Cost of goods sold. $239,000
Closing Inventory $40,600
Purchase returns $10,600
Purchase discounts $ 6,600
Cr Opening Inventory. $ 32,600
Purchase $247,000
Freight-in $18,200
Explanation:
Net purchase is
Purchases. $246,000
Minus: Purchase discounts $6,600
Minus:Purchase returns $10,600
Plus: Freight-in $18,200
Net purchase. $247,000
A.
Cost of sales:
Opening Inventory $32,600
Plus: Purchases. $247,000
Minus: closing Inventory. $40,600
Cost of sales. $239,000
B.
June 30
Dr Cost of goods sold. $239,000
Closing Inventory $40,600
Purchase returns $10,600
Purchase discounts $ 6,600
Cr Opening Inventory. $ 32,600
Purchase $247,000
Freight-in $18,200
tell me your score, did you do good?
what is marketing information system
Answer:
go to malllllllllllllllllllll
How do supply and demand interact to create equilibrium? Consider the market for tablet (like iPads and Android tablets). Suppose the average price of an iPad goes up by $20 when a major online retailer changes its sale policies. Which of the following will occur? Correct Answer(s) :
Incorrect Answers(s) : The supply curve for iPads will shift. The demand curve for iPads will shift.
The supply curve for Android tablets will shift The price of Android tablets will increase. The demand for Android tablets will increase
The average price of an iPad goes up by $20 when a major online retailer changes its sale policies Increase in iPad price will shift the demand curve.
In the market for tablets, changes in the average price of an iPad can lead to shifts in the demand curve. When the price of an iPad increases by $20 due to changes in the retailer's sale policies, the demand curve for iPads will shift to the left, meaning that consumers will demand less of the product. This is because the increase in price makes the iPad less affordable and less desirable to consumers, leading to a decrease in demand. On the other hand, the supply curve will remain unchanged because the retailer's change in policies does not affect the willingness or ability of suppliers to produce and sell iPads. This results in a new market equilibrium where the quantity of iPads demanded will be lower and the average price will be higher.
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How do lines 345-365 illustrate the Cyclops’ societal failure?
You can earn 3% interest on a CD and 1.25% interest on a savings account.
How much more interest will the CD earn for one year if you make a deposit of
$1,650?
Financial Lit, please help!!
Answer:
The CD will earn $49.50 more interest than the savings account for one year if you make a deposit of $1,650.
Shore Company reports the following information regarding its production cost:Units produced 38,000 units
Direct labor $28.00 per unit
Direct materials $29.00 per unit
Variable overhead $760,000 in total
Fixed overhead $136,420 in total
Compute production cost per unit under absorption costing.
Answer:
Production cost per unit $80.59
Explanation:
The computation of the production cost per unit using absorption costing is shown below:
Direct labor per unit $28
Direct material per unit $29
Variable overhead per unit $20 ($760,000 ÷ 38,000 units)
Fixed overhead per unit $3.59 ($136,420 ÷ 38,000 units)
Production cost per unit $80.59
We simply added all the cost per unit so that the production cost per unit could come
VIII. Victoria Rivera owns and manages a consulting firm called Prisek, which began operations on July 1. On July 31, the company's records show the following selected accounts and amounts for the month of July. Equipment $12000 Salaries expense$9000 Consulting revenue$36000 Cash $24000 Utilities expense$600 Note payable$7200 Accounts receivable$10500 V. Rivera, WithdrawalsYI$6000 Office supplies$4500 Rental revenue$1500 Advertising expense$1200 Prepaid insurance$3000 Accounts payable$3900 Note receivable$7500 Rent expense$6000 Unearned revenue$900.
Required
1. Prepare a July income statement for the business.
2. Prepare a July statement of owner's equity. The owner's capital account balance at July 1 was $0, and the owner invested $34,800 cash in the company on July 2.
3. Prepare a July 31 balance sheet. Hint: Use the owner's capital account balance calculated in part 2.
1. Total Revenue is $20,700.
2. Owner's Capital as of July 31 was $49,000.
3. The July 31 balance sheet shows assets of $61,500, liabilities of $12,000, and owner's equity of $49,500.
1. Income Statement for July:
$35,000. Consulting revenue
rental income of $1,500
Revenues totaled $37,500.
Salaries cost $9,000, so expenses total.
Expenses for utilities: $600
Cost of advertising: $1,200
Cost of rent: $6,000
Costs in total: $16,800
Total Revenue - Total Expenses equals Net Income.
$37,500 minus $16,800 is the net income.
2. Owner's Equity Statement for July:
Capital owned by Owner as of July1: $0
On July 2, the owner had invested $34,800.
$20,700 in net income
$6000 in owner withdrawals
Owner's Capital at July 31 is calculated as Owner's Capital at July 1 plus Owner's Investment plus Net Income minus Owner's Withdrawals.
Owner's Capital as of July 31 equaled $0 plus $34,800 plus $20,700 minus $6,000
3. July 31 The balance sheet
Assets:
$24,000 in cash; $10,000 in receivables
Inventories: $12,000
$4,500 for office supplies
$3000 in prepaid insurance
Amount Owed: $7,500
Assets in total: $61,500
Liabilities:
a payable note: $7,200
Accounts Payable: $3,900
Unearned Revenue: $900
Total Liabilities: $12,000
Owner's Equity:
Owner's Capital at July 31: $49,500
Total Liabilities and Owner's Equity: Total Liabilities + Owner's Equity
Total Liabilities and Owner's Equity = $12,000 + $49,500
Total Liabilities and Owner's Equity = $61,500
Therefore, the July 31 balance sheet shows assets of $61,500, liabilities of $12,000, and owner's equity of $49,500.
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Margaret is analyzing the current year income statement and the comparative balance sheet in order to prepare the statement of cash flows. She should expect the operating cash flows to be ______ the amounts reported in the income statement.
different from
Margaret is analyzing the current year income statement and the comparative balance sheet in order to prepare the statement of cash flows. She should expect the operating cash flows to be different from the amounts reported in the income statement.
An organization's financial balances are summarized on a balance sheet in financial accounting, whether the organization is a sole proprietorship, business partnership, corporation, private limited company, or another type of institution like the government or a not-for-profit.
As of a particular date, such as the conclusion of its financial year, assets, liabilities, and ownership equity are mentioned. It's common to refer to a balance sheet as a "picture of a company's financial status." The balance sheet is the only one of the four fundamental financial statements that only applies at one particular period in a company's fiscal year.
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what is the explanation of how 3D printing gives SpaceX a competitive advantage
and
Exploration of how AI could be used to enhance SpaceX's 3D printing capabilities
3D printing offers your organization a genuinely necessary upper hand. It permits you to create models quicker, decreases the expense of creation, requires less info (HR and gear), and diminishes above.
SpaceX involves 3D printing in their designing and assembling processes, including printing parts for rocket motors, spouts, and primary parts for the Bird of Prey 9 and Hawk Weighty rockets and Mythical serpent shuttle.
The improvement of an ML framework that utilizes PC vision to screen the creation cycle and fix material dealing with shortcomings continuously. The fundamental benefits of 3D printing are diminishing expenses, less waste, decreased time, getting an upper hand, lessening mistakes, classification, and creation on request.
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If Bethany Lewis receives a check payable to the order of Bethanie Louis, she:______.
The available options are:
a. can indorse the check either "Bethany Lewis" or "Bethanie Louis."
b. will need to ask the drawer to send her a new check.
c. will not be able to cash the check.
d. must use a restrictive indorsement to cash the check.
Answer:
a. can indorse the check either "Bethany Lewis" or "Bethanie Louis."
Explanation:
When it comes to financial related matters, most specifically, on the issue of cheque, Indorsement is a financial related term that describes a legal signature, (often signed at the back of a cheque), which serves as a form of approval, to ensure the cheque is payable to individual aside the designated payee.
Hence, in this case, Bethany Lewis can indorse the check either "Bethany Lewis" or "Bethanie Louis."
Answer:
idek
Explanation:
lmbo
Mark Goldsmith's broker has shown him two bonds issued by different companies. Each has a maturity of 4 years, a par value of $1000, and a yield to maturity of 8.70. The first bond is issued by Crabbe Waste Disposal and has a coupon interest rate of %6.315 paid annually. The second bond, issued by Malfoy Enterprises, has a coupon interest rate of 8.90 % paid annually.
a. Calculate the selling price for each of the bonds.
1. Selling Price of Bond 1 issued by Crabbe Waste Disposal = $1031.08
2. Selling Price of Bond 2 issued by Malfoy Enterprises = $1269.50
How can we calculate the selling price (SP) for each bond?Bond 1: Issued by Crabbe Waste Disposal
Coupon Interest Rate (CIR) = 6.315%
Yield to Maturity (YTM) = 8.70%
Maturity (n) = 4 years
Par Value (PV) = $1000
To calculate the selling price of Bond 1, we can use the following formula:
SP = (CIR/100) * PV + [(PV - (CIR/100) * PV) / (1 + YTM/100)^n]
Putting the values:
CIR = 6.315%
PV = $1000
YTM = 8.70%
n = 4 years
SP for Bond 1 = (6.315/100) * 1000 + [(1000 - (6.315/100) * 1000) / (1 + 8.70/100)^4]
SP = $632.36 + $398.72
Selling Price of Bond 1 issued by Crabbe Waste Disposal = $1031.08
Bond 2: Issued by Malfoy Enterprises
Now, let's calculate the selling price for Bond 2 issued by Malfoy Enterprises.
Coupon Interest Rate (CIR) = 8.90%
Yield to Maturity (YTM) = 8.70%
Maturity (n) = 4 years
Par Value (PV) = $1000
Using the same formula as above:
SP = (CIR/100) * PV + [(PV - (CIR/100) * PV) / (1 + YTM/100)^n]
Putting the values:
CIR = 8.90%
PV = $1000
YTM = 8.70%
n = 4 years
SP of Bond 2 = (8.90/100) * 1000 + [(1000 - (8.90/100) * 1000) / (1 + 8.70/100)^4]
SP = $889 + $380.50
Selling Price of Bond 2 issued by Malfoy Enterprises = $1269.50
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What happens when demand decreases while supply increases
Explanation: When demand decreases while supply increases, it creates a situation of surplus, also known as oversupply. This is because there is now more supply available in the market than there is demand for it, leading to a surplus of goods or services.
As a result, businesses may have to lower their prices to incentivize consumers to purchase their products or services. This can lead to a decrease in revenue for the businesses and potentially even lower profits. In some cases, businesses may also need to reduce their supply in response to the decrease in demand.
If the surplus persists over a longer period, businesses may also need to cut costs, such as reducing staff or production capacity, in order to remain profitable. This can have broader economic implications, such as rising unemployment rates and a decrease in overall economic activity.
Overall, a decrease in demand while supply increases can have negative consequences for businesses and the economy as a whole.
Answer: When demand increases and supply increases it leads to reduction in the equilibrium price.
Explanation:
The market price will fall as a result of a decline in demand and an increase in supply because, for any quantity, consumers now place a lower value on the item and producers are ready to accept a lower price.
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Two securities have a covariance of 0.022. If their correlation coefficient is 0.52 and one has a standard deviation of 15%, what must be the standard deviation of the other security?
Answer: 28.2%
Explanation:
Correlation Coefficient = Covariance / (Standard deviation of Security A * Standard deviation of Security B)
0.52 = 0.022 /( 15% * σ)
(15% * σ) * 0.52 = 0.022
15% * σ = 0.022 / 0.52
σ = 0.0423/15%
= 28.2%
A plaintiff in a high profile legal suit was offered the following out of court settlement: We the defendent will pay the lump sum of $200 to the plaintiff in exactly 11 years. Or alternatively, we will negotiate a lump sum payment today. According to time value of money, what lump sum amount today will have the same present value as the offered settlement if the interest rate of 4.2%?$______ Place your answer in dollars and cents. Do not include a dollar sign or a comma. Work your analysis out with at least 4 decimal places of accuracy.
Activity-Based Product Costing
Sweet Sugar Company manufactures three products (white sugar, brown sugar, and powdered sugar) in a continuous production process. Senior management has asked the controller to conduct an activity-based costing study. The controller identified the amount of factory overhead required by the critical activities of the organization as follows:
Activity Budgeted Activity Cost
Production $471,200
Setup 310,800
Inspection 81,000
Shipping 156,000
Customer service 65,500
Total $1,084,500
The activity bases identified for each activity are as follows:
Activity Activity Base
Production Machine hours
Setup Number of setups
Inspection Number of inspections
Shipping Number of customer orders
Customer service Number of customer service requests
The activity-base usage quantities and units produced for the three products were determined from corporate records and are as follows:
Machine Hours Number of
Setups Number of
Inspections Number of
Customer Orders Customer
Service
Requests Units
White sugar 3,340 180 200 780 50 8,350
Brown sugar 2,130 270 300 2,150 320 5,325
Powdered sugar 2,130 250 500 970 130 5,325
Total 7,600 700 1,000 3,900 500 19,000
Each product requires 0.9 machine hour per unit.
Required:
If required, round all per unit amounts to the nearest cent.
1. Determine the activity rate for each activity.
Production $ per machine hour
Setup $ per setup
Inspection $ per move
Shipping $ per cust. ord.
Customer service $ per customer service request
2. Determine the total and per-unit activity cost for all three products.
Total Activity Cost Activity Cost Per Unit
White sugar $ $
Brown sugar
Powdered sugar
3. Why aren’t the activity unit costs equal across all three products since they require the same machine time per unit?
The unit costs are different because the products consume many activities in ratios different from the .
no matteehow much times i read this is still cant process this
On April 11 of the current year, Zack Corporation had a market price of $48 per share of common stock. Its par value was $10 per share. For the previous year, Zack paid an annual dividend of $3.90 per share. Zack's gross revenues and net income was $5,000,000 and $2,500,000, respectively. The dividend yield for Zack Corporation would be_____. 8% 0.08% 39% 0.39%
Answer:
The dividend yield for Zack Corporation 8%,the first option
Explanation:
The dividend yield is a measure of business performance used by investors which compares the dividend paid by a stock to its market price(price paid by investors to acquire the stock)
dividend per share for Zack Corporation is $3.90
market price per share is $48
dividend yield =$3.90/$48*100=8.13%
The correct option is the first option 8% since the figure above was simply rounded down to whole number
Give detailed accounts of the following financial crises:
The Japanese Banking Crisis of the 1990s
The Asian Crisis of the mid 1990s
The current global financial crisis.
You should include the causes of the crises, providing examples where necessary and citations of any relevant papers.
Japanese Banking Crisis 1990s
The banking and financial crises that happened during the 1990s in Japan was caused the collapse of the fabled economic bubble and the asset prices in the 1980s. The crises caused a prolonged recession in the country.However, the government used the various public policy to revive the financial industry and series of bad loans problem in the country.Asian Crisis 1990s
The Asian financial crisis was a global crisis which destabilized its Asian economy at the end of the 1990s. The main causes of the Asian crisis is the difficultly in borrowing of dollars to subsidize their domestic industries.Other causes that contributed to the crisis include collapse of the currency exchange rate.Read more about Banking Crisis
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how does creating a data table help you organize and communicate important aspects of your data
Answer:
A data table helps you organize structured data and allows sorting of the table by column or content. This table is ideal for nonchronological information such as majors lists, offices or department lists, or lists of links to documents.
Explanation:
Answer:
A table helps you recognize the relationships among data and evaluate the data more effectively. Tables can be organized in many different ways, depending on what relationships you wish to examine. Tables can be a first step toward more complex ways of organizing data, such as charts or graphs.
Management accounting guidelines. For each of the following items, identify which of the management accounting guidelines applies: cost-benefit approach, behavioral and technical considerations, different costs for different purposes.
1. Analyzing whether to produce a component needed for the end product or to outsource it.
2. Deciding whether to compensate the sales force by straight commission or by salary.
3. Adding the cost of store operations to merchandise cost when deciding on product pricing, but only including the cost of freight and the merchandise itself when calculating cost of goods sold on the income statement.
4. Considering the desirability of purchasing new technology.
5. Weighing the cost of increased inspection against the costs associated with customer returns of defective goods.
6. Deciding whether to buy or lease an existing production facility to increase capacity.
7. Estimating the loss of future business resulting from bad publicity related to an environmental disaster caused by a company's factory in the Philippines, but estimating cleanup costs for calculating the liability on the balance sheet.
Key guidelines on accounting management allow accounting professionals can deliver value to their company's strategy and operational judgment. The criteria for key management accounts are:
Employing an approach to costs and benefits:Helps accounting examine allocation decisions such as buying
and buying; buying vs. buying.
Considerations of compliance and technology:Technical considerations allow managers to take perv financial
choices through the dissemination of data in the required format;
behavioral factors allow managers to give their colleagues
thorough information to guide people in improving their skills.
Various costs in various applications:In certain scenarios, management accountants will explore
adopting alternative ways to cost computing. The rationale is
because cost concepts are interpreted differently relying upon the
end-use purposes.
Approach to cost advantages:This can be a useful tool for visualizing the impact and effects
of the action.
Approach to cost advantagesApproach to cost advantagesConsiderations of compliance and technologyLearn more:
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5. John has two ATM transactions but only one of them has a fee (Interac). Why? ____________
Some of the reasons may be different ATM networks, Transaction details, different ATM cards, etc.
There can be several reasons why one of John's ATM transactions doesn't have a fee (Interac) while the other one does. A few of them are here:
Usage of Different ATM Networks: The two transactions might have been conducted using different ATM networks, hence why there was a fee for one and not for the other. Transaction details: The two ATM transactions might have been different or one might have crossed a limit and hence the charge. Usage of Different ATM cards: John might have used two different ATM cards, hence that's why he was charged a fee for one and not the other.Learn more about ATM transactions here:
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In a private enterprise economic system, consumers can choose from a variety of
products as a result of
O inflation.
O limited government control.
competition.
the collection of taxes.
Answer:
the answer is competition
ur mum
ur mum
ur mum
Answer:
you bum
you bum
you bum
hope this helps
have a good day :)
Explanation:
Regardless of the career you want to pursue, you can still get the _____ necessary to achieve success.
test
aptitude
money
help
poorly written rejection letters can be detrimental to your organization images what will you bear in mind while drafting a rejection letter to a job applicant?
The things that you you must bear in mind while drafting a rejection letter to a job applicant are:
Be courteous and gracious. Personalization is a good thing. Tone down the negative language.What is a rejection letter?A rejection letter can be described as the official document that can be forwarded to candidates after the accessment that are not considered the best fit for the position they want after applying or interviewing.
It should be noted that this type of response can also be used for the applications which are suitable for selection selected, however this letter must not be poorly written because it is representing the image of the organization and that is why the organization should Tone down the negative language.
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Describe the leader-follower relationship and the importance of followership in organizations?
Answer:
The leader-follower relationship is a dynamic social relationship in which one person, the leader, influences and guides the behavior of others, the followers, to achieve a common goal or objective. The leader-follower relationship is an essential component of organizational success and is based on mutual trust, respect, and communication.
Followership is the ability of an individual to support and contribute to the vision, goals, and objectives of a leader or organization. It is an important aspect of organizational behavior that focuses on the followers' willingness to support and follow the leader. The importance of followership lies in the fact that leaders cannot succeed without followers, and the effectiveness of a leader is often dependent on the quality of the followership.
Effective followership is characterized by individuals who are committed to the vision and goals of the organization, work well with others, and are willing to take initiative and be proactive in their roles. Followership is critical to organizational success as it enables leaders to build a strong team, promote collaboration and innovation, and create a positive organizational culture.
In conclusion, the leader-follower relationship is a critical aspect of organizational success, and effective followership is just as important as effective leadership. A successful leader must have the ability to inspire, communicate, and build trust with their followers, while followers must be committed to the vision and goals of the organization and be willing to contribute their skills and knowledge to achieve success.
Explanation:
Mandatory spending refers to programs in the U.S. federal budget that
Answer:
Mandatory spending is simply all spending that does not take place through appropriations legislation. Mandatory spending includes entitlement programs, such as Social Security, Medicare, and required interest spending on the federal debt. Mandatory spending accounts for about two-thirds of all federal spending.
Explanation:
Hope it helps
a Identify one factor that could result in a higher break-even point
b Calculate the forecast average monthly profit figures for the two menu
options.
1. One factor that could result in a higher break-even point is a reduced contribution margin per unit (or ratio).
2. The forecast average monthly profit figures for the two menu options are as follows:
Current Proposed
Revenue $48,000 $33,600
Variable costs 12,000 9,600
Contribution margin $36,000 $24,000
Fixed costs 28,000 24,000
Net income $8,000 $0
What is the break-even point?The break-even point is the sales level that equates the total revenue to the total costs (fixed and variable).
When the break-even point is reached, there are no profits or losses.
To generate some profits, the sales level must exceed the break-even point.
Current Menu Option:Revenue per week (600 at $20) = $12,000
Total monthly revenue = $48,000 ($12,000 x 4 weeks)
Average variable cost per meal at $5 = $3,000
Total monthly variable cost = $12,000 ($3,000 x 4 weeks)
Overhead cost per week = $7,000
Total monthly overhead cost = $28,000 ($7,000 x 4 weeks)
Proposed Menu Option:Revenue per week (600 at $14) = $8,400
Total monthly revenue = $33,600 ($8,400 x 4 weeks)
Average variable cost per meal at $4 = $2,400
Total monthly variable cost = $9,600 ($2,400 x 4 weeks)
Overhead cost per week = $6,000
Total monthly overhead cost = $24,000 ($6,000 x 4 weeks)
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What is one cost of avoiding insurance?
Answer: One of the costs of not having insurance is the cost of repairing. Another cost is paying insurance premiums. Losses caused by a lack of insurance are the price of not having insurance.
Answer:
falling into debt if faced with a serious problem
Explanation:
Which of the following is a strategy that may be used to gain financial success?
1_ buy what you want
2_ignore risks
3_make a financial plan
4_borrow money for fun
Check for $10 incorrectly charged by bank as $100.
Is this an addition or reduction on the bank or company side of a bank reconciliation
Answer:
On the bank reconciliation sheet this would be a reduction because on the customers side it was a debit, which turns into a credit once given back and the bank must perform a reduction to account for the error on the statement sheet
Answer:
Addition
Explanation:
They took too much money out 90$
Today's public relations departments: focus more on advertising and less on publicity. are more actively listening to customers and helping to solve their problems. avoid relationships with the media and government officials. are downsizing as firms emphasize personal selling to promote their products.
The correct answer is B. Are more actively listening to customers and helping to solve their problems.
Explanation:
The purpose of public relations departments is to connect customers with the company or brand by advertising products or services and establish a positive relationship. In the last years, public relations departments had focused on the relationship with customers especially by considering customers' opinions, perspectives, and experiences and helping them to solve any problem. This is because positive customer experiences have become the main way for companies to grow and advertise services or products, and therefore, it is essential to hear customers and help them. Thus, today's public relations departments listen to customers and solve their problems.
In today world, the public relations departments are more actively listening to customers and helping to solve their problems.
The main purpose of the public relations departments is to connect customers with the company or brand through advertising of its products or services and establishment of positive relationship.
Today, the public relations departments focused mainly on the relationship with customers on their opinions, perspectives, experiences and helping them to solve any problem that arise
Therefore, the correct answer is B because lately, the department are actively listening to customers and helping to solve their problems.
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