Master College Concepts with Expert Q&A and Solutions
Ranger Glass Company manufactures glass for French doors. At the start of May, 2,000 units were in-process. During May, 11,000 units were completed and 3,000 units were in process at the end of May. These in-process units were 90% complete with respect to material and 50% complete with respect to conversion costs. Other information is as follows:Work in process, May 1:Direct material $36,000Conversion costs $45,000Costs incurred during May:Direct materia $186,000Conversion costs $255,000How much is the cost per equivalent unit for direct materials? (Points : 4)$24.00$16.20$15.86$13.58
After all, adjustments have been made, but before the accounts have been closed, the following balances were taken from the ledger of Ramona's Designs:Accounts Payable $27.600Accounts Receivable 64,500Accumulated Depreciation 73,325Cash 17,150Depreciation Expense 13,500Equipment 165,000Insurance Expense 2,510Prepaid Insurance 6,275Rent Expense $32,700Salary Expense 41,390Salaries Payable 8,150Service Revenue 186,000Supplies 1,500Supplies Expense 2,500Common Stock 79,950Dividends 48,000Retained Earnings 20,000Journalize the entries to close the appropriate accounts for the month
You are asked to design a data model for The Wagging Tail, an online store that sells products for dogs, e.g. dog collars, dog food, dog toys, dog treats, etc. You want to keep track of three entities: (1) the products that the store sells, (2) customers who purchase the products, and (3) the orders that are made on the website.Draw an ERD diagram and use the following information to help guide your drawing:The database should keep track of all products that the store offers for saleThe database should keep track of all customers who have registered with the store websiteThe database should keep track of all orders placed on the websiteAt most only a single customer can be related to any single orderA customer can place multiple orders with the website Each entity must have a unique identifier within its table. This is the Entity's/table's Primary Key.An order must consist of at least one product, and may consist of multiple productsYou wish to keep track of the cost of the product to the store, and the price that the store sells a product to the customerYou wish to be able to contact customers via phone and emailYou wish to be able to determine when is the busiest time of year for your website according to number of orders placedYour drawing should include the following: 1. The entities you wish to model 2. The required/important attributes for each entity (refer to these instructions for guidance on what is required/important) 3. The relationships between the entities 4. The correct MAX and MIN Cardinalities for each relationship (remember for each relationship, or line, there are MAX/MIN cardinalities on each side of the relationship)
Using the following data, prepare a statement of revenues, expenditures, and changes in fund balance for the General Fund of Jasmin City for the year ended December 31, 2019. Miscellaneous revenues$ 180,000 Licenses and permits revenues1,000,000 Education program expenditures2,000,000 Public safety expenditures4,000,000 Transfers to other funds1,500,000 Property tax revenues7,000,000 State and federal grants2,000,000 Parks program expenditures750,000 Highways program expenditures900,000 Transfers from other funds700,000 Fund balance at beginning of year1,500,000 NOTE: Use negative signs with answers in the far right column only to indicate an answer of Total other financing uses (rather than sources), a negative net change in fund balance, and/or a negative fun