2 Income statement data for Starr Canning Corporation are as follows: 2009 2008 Sales $1,400,000 $1,200,000 Cost of goods sold 850,000 730,000 Selling expenses 205,000 240,000 General expenses 140,000 100,000 Income tax expense 82,000 50,000 Required a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales (vertical common-size analysis)

Answer:

A product that serves as an incentive to produce more output.

Explanation:

Merit goods are those goods that contains the positive externality and it could be generated or produced more and more in the market.

So it is a product that could be treated as the incentive for generating the maximum output and the incentive should be provided by the government

Therefore the last option is correct

Answer:

EcoFabrics

1. Overhead Rates using activity-based costing:

Cutting = $1.80 per machine hour

Design = $390 per setup

2. Allocation of overhead:

                                  Wool                            Cotton

Cutting                  $221,400                     $221,400

Design                    479,700                       239,850

Total allocated      $701,100                      $461,250

3. Overhead rate using the traditional approach:

Predetermined overhead rate = $2.10

4. Allocation of overhead:

                               Wool            Cotton

Total allocated   $581,175        $581,175

Explanation:

a) Data and Calculations:

Budgeted overhead costs = $1,162,350

Estimated direct labor hours = 553,500

Activity Cost      Cost Drivers   Overhead Costs   Wool   Cotton     Total

Pools                  

Cutting               Machine hours     $442,800   123,000 123,000 246,000

Design                Number of setups  719,550        1,230         615      1,845

1. Overhead Rates using activity-based costing:

Cutting = $1.80 ($442,800/246,000) per machine hour

Design = $390 ($719,550/1,845) per setup

2. Allocation of overhead:

                               Wool                                     Cotton

Cutting                  $221,400 ($1.80 * 123,000)  $221,400 ($1.80 * 123,000)

Design                    479,700 ($390 * 1,230)        239,850 ($390 * 615)

Total allocated      $701,100                               $461,250

3. Overhead rate using the traditional approach:

Predetermined overhead rate = $2.10 ($1,162,350/553,500)

4. Allocation of overhead:

                               Wool                                     Cotton

Total allocated   $581,175 ($1,162,350 * 50%)   $581,175 ($1,162,350 * 50%)

Answer:

a). The statement on the income tax form about the deduction for children and other dependents was simply unreadable.

b). The type of career that many graduates are hoping to pursue pay high salaries and provide long vacations.

c). Apparently, the use of robots in factories has been responsible for a great deal of worker dissatisfaction.

d). The problems associated with government deregulation have been responsible for the economic plight of several major airlines in recent years.

e). The impact of computers on our lives is comparable to the impact of the industrial revolution.

f). The amount of money and time I spend on computer games is more than I can afford.

Explanation:

Subject-verb agreement is described as the grammatical rule according to which the subject, as well as, the verb must agree with one another in number. As per the rules, if the subject(noun or noun phrase) is singular, it will take a singular verb while if the subject is plural(noun or noun phrase), it will carry a plural verb.

According to this rule, the first and third sentence fails to follow this agreement. The first sentence inadequately carries a plural verb 'were' with the singular noun ('The statement') and similarly, the third sentence wrongly employs plural verb 'have' with the singular noun 'the use.' The other sentences are grammatically appropriate as the verbs and noun phrases agree in number.

Answer In English: Vietnam's economy is operating according to ...

Answer:

NO

Explanation:

Discounted payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative discounted cash flows

For the machine to be accepted, the total amount invested should be recovered in three years or less

Amount recovered = - cost of the project + discounted value of the cash flow

Amount recovered in year 1 = -10,000 + (4000 / 1.12) = -6,428.57

Amount recovered in year 2= -6,428.57 - (4000/ 1.12^2) = -3239.74

Amount recovered in year 3=  -3239.74 + (4000/ 1.12^3) = -392.62

the project would not be accepted because the amount invested would not be recovered within 3 years

Answer:

$4,350

Explanation:

Calculation to determine your net profit or loss on this investment

Net profit = (-$0.60 - $42.70 + $52) × 100 × 5

Net profit= $4,350

Therefore your net profit or loss on this investment is $4,350

Answer: Borrow $3,900

Explanation:

The amount of cash that the company will have in June would be:

= Beginning cash + Cash receipts - Cash disbursements

= 11,300 + 30,700 - 35,900

= $6,100

The bank however, expects Western to maintain a cash balance of $10,000. To get to that $10,000, Western would need to borrow the rest.

The amount to be borrowed is:

= 10,000 - 6,100

= $3,900

Answer:

Not always. It's a good thing to develop new business opportunities, but not if it leads to too many inefficiencies connected to resources and learning curves.

Answer:

Recognized gross profit on this contract for the 2020 year = $100,000

Explanation:

Note: See the attached excel file for the Calculation of Recognized Gross Profit on this contract for the 2020 year (in bold red color).

In the attached excel file, Recognized Gross Profit for Each Year is calculated using the following formula:

Recognized Gross Profit = Revenue for Current Period - Actual Cost Incurred

From the attached excel file, we have:

Recognized gross profit on this contract for the 2020 year = $100,000

Answer:

Please find the complete solution in the attachment file.

Explanation:

Please find the attachment table for the 3 years of cash flow:

Answer:

proper allocation of time and resources.

Explanation:

Fair and successful trade.

Answer:

7.7%

Explanation:

Risk premium is the return an investor would want for holding a risky bond. It is the excess return earned over holding a risk free bond

Risk premium = return on risky asset - return on U.S. Treasury bills

The U.S. Treasury bills is considered to be risk free because the US government cannot default

On the other hands, stocks are risky because companies can default on payment of dividends due to various reasons e.g. insolvency

11.7 - 4 = 7.7%

Answer:

$32.6

Explanation:

Brickhouse is expected to pay a dividend of $3.45 and $2.58 over the next 2 years

The company is expected to increaser it's annual dividend at 4.1%

= 4.1/100

= 0.041

Required return is 11.9%

= 11.9/100

= 0.119

Therefore the stock price for today can be calculated as follows

= 2.58(1+0.041)/0.119-0.041

= 2.58(1.041)/0.078

= 2.6857/0.078

= 34.43

3.46/(1+0.119)+2.58/(1+0.119)^2+34.43/(1+0.119)^2

= 3.46/1.119+2.58/1.119^2+34.43/1.119^2

= 3.093+2.060+27.5

= 32.6

Hence the stock price for today is $32.6

Answer:

Debit Rent Expense $2,000; credit Prepaid Rent $2,000.

Explanation:

Assuming On December 31, the Company's Prepaid Rent account had a balance before adjustment of the amount of $6,000 which means that if the Three months' rent was paid in advance on December 1, The adjusting entry needed on December 31 is:

Debit Rent Expense $2,000

Credit Prepaid Rent $2,000.

($6000/3month)

(To record Rent Expense)

Answer:

a. 0.34 or 34 %

b. $11.22

c. $134,680

Explanation:

Unit Contribution Margin = Sales per unit  - Variable Costs per unit

                                            = $33.00 - $21.78

                                            = $11.22

Contribution margin ratio = Contribution ÷ Sales

                                          = $11.22 ÷ $33.00

                                          = 0.34

Operating Income = Contribution - Fixed Cost

                               = ($11.22 x 24,000 units) - $134,600

                               = $134,680

Answer:

Shalimar Company

Cash Sales and Credit Sales:

a) Last two quarters of the current year:

Current Year       Quarter 3       Quarter 4

Budgeted Sales $4,900,000   $6,850,000

Cash (10%)              490,000        685,000

Credit (90%)        4,410,000      6,165,000

b) Each quarter of the next year:

                       Quarter 1    Quarter 2     Quarter 3     Quarter 4

Budgeted

Sales           $4,600,000 $5,100,000  $5,000,000  $7,600,000

Cash (10%)       460,000      510,000       500,000        760,000

Credit

Sales (90%)  4,140,000  4,590,000    4,500,000    6,840,000

Explanation:

a) Data and Calculations:

                       Quarter 1    Quarter 2     Quarter 3     Quarter 4

Budgeted

Sales           $4,600,000 $5,100,000  $5,000,000  $7,600,000

Cash (10%)        460,000      510,000        500,000       760,000

Credit

Sales (90%)   4,140,000  4,590,000     4,500,000    6,840,000

Current Year       Quarter 3       Quarter 4

Budgeted Sales $4,900,000   $6,850,000

Cash (10%)              490,000         685,000

Credit (90%)         4,410,000       6,165,000

Answer: $11,985

Explanation:

The credit to the Additional paid-in capital is the excess over the pa value of the stock that was sold. The formula is therefore:

Additional paid-in capital = Cash stock was sold for - Par value of stock

Par value of stock = 30 shares * 0.50

= $15.00

Additional paid-in capital = 12,000 - 15

= $11,985

Answer:

Net operating income= $207,500

Explanation:

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).

First, we will determine the total unitary variable overhead:

total unitary variable overhead= 90 + 25= $115

Now, we can calculate the total contribution margin:

Total CM= 11,500*(220 - 115)

Total CM= $1,207,500

Finally, the net operating income:

Net operating income= 1,207,500 - 600,000 - 400,000

Net operating income= $207,500

Answer:

rfb rgab rko

its a study meeting of girls i am also girl here we only study boy were not allowed because he disturb here we only study its safe meeting of girl here we only study

Answer:

3.82%

Explanation:

Calculation to determine total return for the past year

First step is to find the price of the bond today.

P1= $1,000 / [1+(9%/2)]

P1= $1,000 / 1+.045

P1= $1,000 / 1.045

P1= $291.57

Now let determine the total return for the past year using this formula

R=Bond price today - Bond price one year ago/Bond price one year ago

Let plug in the formula

R= ($291.57 – $280.83) / $280.83

R=$10.74/$280.83

R= .0382*100

R=3.82%

Therefore total return for the past year is 3.82%

Answer: Income will increase by $16 per unit

Explanation:

Your question isn't complete but the completed question was gotten online and would be used in answering the question accordingly.

The effect on income if Derby decides to make the motors will be calculated thus:

In-house:

Direct material = 38

Direct labor = 50

Overhead (Incremental) = 21

Total variable cost = 109

Outside:

Cost of supply = 125

Therefore, the income per unit will increase by (125 - 109) = 16.

Answer: 150,460 currency units

Explanation:

The costs that are included in inventory include:

Inventory cost is:

= Cost of raw materials + Transport in costs + Tax duties - Trade discounts

= 150,000 + 640 + 340 - 520

= 150,460 currency units

Answer:

Maxim

The net advantage (incremental income) of processing Green Health further into Premium Green and Green Deluxe would be:

= $6,840.

Explanation:

a) Data and Calculations:

Inventory of Green Health = 10,000 bags

Production costs per bag = $3.60

Total variable costs = $36,000 (10,000 * $3.60)

Total fixed costs = $10,000

Total production costs = $46,000 ($36,000 + $10,000)

Selling price before further processing = $8.95 per bag

Total revenue from selling 10,000 bags = $89,500 (10,000 * $8.95)

Additional processing cost = $2,200

Total revenue from selling 10,000 bags of Premium Green and 3,200 bags of Green Deluxe:

Premium Green (10,000 * $7.95) = $79,500

Green Deluxe (3,200 * $5,95) =        19,040

Total revenue =                               $98,540

Less additional processing costs      (2,200)

Net revenue from further processing $96,340

Net advantage of further processing = $6,840 ($96,340 - $89,500)

Answer:

Assuming cashflows of $800,000 a year:

Payback period = Investment / Stable cashflow

= 1,200,000 / 800,000

= 1.5 years

Assuming uneven cashflows:

Payback period = Number of years before payback year + Cash remaining to be paid / Cashflow in payback period

= 150,000 + 150,000 + 400,000 + 400,000

= $1,100,000

Years before payback year = 4 years

Cash remaining to be paid back = Investment - Cashflow so far

= 1,200,000 - 1,100,000

= $100,000

Payback period = 4 + 100,000 / 100,000

= 5 years

Answer:

$11,290

Explanation:

The computation of the amount that should be borrowed is given below:

Opening cash balance         $25,000.00

Add Cash Receipts             95,000.00

Less Cash Disbursements        (111,290.00)

Balance before adjustment 8,710.00

Desired ending cash balance  20,000.00

Amount to be borrowed  11,290.00

Hence, the first option is correct

Answer:

Administration is responsible for managing different resources required for a company to operate in the market. With this, some important challenges arise when managing trust within an organization, since every organization is managed by people who can be trusted or who may defraud financial resources for example for their own benefit.

The accounting department of an organization is one of those that most need the manager's trust and ethical attitudes, as it deals with important information for the organization and which may be the target of fraud, which is why it is common to hire external auditors who do not have direct involvement with the administration to perform some tasks necessary for accounting.

There are many challenges related to organizational trust, so the essential is that there is transparency in the processes, professional ethics, legality and compliance with requirements.

Answer:

Helps analyze differences between actual and budgeted results

Helps reveal undesirable outcomes

Helps in planning and control activities

Explanation:

A master budget comprised of future income statement or planned operating budget and the future balance sheet or financial budget that represent the goals and objectives of the organization and the ways to achieve them. It identified the actual & budgeted results difference, It disclosed the non-desirable results and also it helps in activities that deals in planning & controlling

Therefore the above statements should be correct

Answer:

c. $30,000.

Explanation:

The calculation of the  total marketable debt securities reported in the balance sheet is given below;

= Mann Co cost + Kemo Co fair value + Fenn corp fair value

= $10,000 + $11,000 + $9,000

= $30,000

Hence, the  total marketable debt securities reported in the balance sheet is $30,000

Therefore the option c is correct

Answer:

formula is PRT÷10

Explanation:

so solve it

Answer:

See below

Explanation:

10000-1000=9000 to be depreciated

9000/5=1800 annual depreciation

journal entry:

depreciation expense.     1800 (debit)

  Accumulated depreciation.   1800 (credit)

to record annual depreciation

"On January 1, the company purchased equipment that cost $10,000. ".the necessary December 31 journal entry is

1800 is the cost of depreciation (debit)

Depreciation that has accumulated. 1800 (credit)

Generally, a journal entry is simply defined as a journal used to write a commercial business in the accounting records of a company.

In conclusion,  journal entries show business transactions.

Read more about journal entry

https://brainly.com/question/20421012

#SPJ6