"In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $13,000 and ending work in process inventory of $18,000. During the month, the cost of units transferred out from the department was $148,000. In the department's cost reconciliation report for July, the total cost to be accounted for under the weighted-average method would be:"

Answer:

a) B. Machine 2

b) $220,000

b-2) Yes , positive differential profit.

c-1) $162,000

c-2) Yes , positive differential profit.

Explanation:

B) Differential revenues  = $10.40 x 200,000 = $2,080,000

Differential costs:

Variable cost on new production = $5.20 x 200,000 = $1,040,000

Fixed costs = $820,000

differential profit = $2,080,000 - $1,040,000 - $820,000 = $220,000

c) Differential revenues  = $10.40 x 100,000 = $1,040,000

Differential costs:

Variable cost increase on current production = ($4.62 - $4.10) x 800,000 = $416,000

Variable cost on new production = $4.62 x 100,000 = $462,000

differential profit = $1,040,000 - $878,000 = $162,000

Answer:

$25,550

Explanation:

For computing the net investment first we have to find out the loss or gain on sale of old equipment which is shown below:

Sale value = $61,200

Less: Book value of old equipment = $60,200

Gain = $1000

Now

Tax on gain is

= $1,000 × 25%

= $250

So, the net gain is

= $1,000 - $250

= $750

Now the net investment is

= Cost of new equipment - sale value pre tax + net gain

= $86,000 - $61,200 + $750

= $25,550

Answer:

Net Investment = $25,550

Explanation:

Given:

Sale value (old equipment) = $61,200

Book value of old equipment = $60,200

New equipment cost = $86,000

Effective tax rate = 25%

Computation

Gain on sale = $61,200 - $60,200

Gain on sale = $1,000

Amount of tax on gain = $1000 × 25%

Amount of tax on gain = $250

Net Gain = Gain on sale - Amount of tax on gain

Net Gain = $750

Net Investment = Cost of new equipment - (Sale value - Net Gain)

Net Investment = $86,200 - (61,200 - 750)

Net Investment = $25,550

Answer:

Explanation:

From the question given; The objective here is to determine the profit maximizing bid-ask spread per unit for a market maker. In order to achieve that; The demand supply schedule of the number of units bought and sold need to be computed which is shown in the table below.

Price       Quantity demanded by buyers        Quantity sold by sellers

$14                 1                                                         11

$13                 2                                                         10

$12                 3                                                         9

$11                  4                                                         8

$10                 5                                                         7

$9                  6                                                         6

$8                  7                                                         5

$7                  8                                                         4

$6                  9                                                         3

$5                 10                                                         2

$4                  11                                                         1

However; As the two transactions are happening simultaneously; There are 11 people participating in buying of a good and selling from one person to the other.

But the maximum even number of people that can be part of this trade is only 10 people.

So; for the individual having an higher value for the good will be able to afford it and which are those that falls into the category of  $14,$13,$12,$11,$10,$9 can place bid for the good.

On the other hand,  the individual having a lower  value for the good will sell it and which are those that falls into the category of  $4,$5,$6,$7,$8,$9 and would want to  sell it for the ask price of the good.

In this trend, we understand that the individual valuing the good for $9 won't be able to participate due to the fact that He appears on both trends because in the demand side , he have the lowest willingness to pay and at the seller's side he has the the highest value for the good and that the equilibrium price in this market is $ 9 because at this price the quantity demanded equals quantity supplied .

Thus; we can conclude that there are 5 transactions in the maximizing bid-ask spread per unit for a market maker.

Answer:

The correct answer to the following question will be Option A (Common measures bias).

Explanation:

The remaining three solutions are not relevant to the situation in question. So Choice A is the right one.

Answer:

Factory Rent : No of days worked

Factory Utilities: Units of utility consumed

Quality Inspection : Hours of inspection on production run

Material Handling :  No of orders received

Machine Setup : Machine hours

Employee Training : Hours worked

Machine Maintenance : Machine hours used

Inventory Security Costs : Finished goods units

Supervisor Salary : No of workers

Explanation:

A cost driver is unit of activity on which cost is allocated. Cost driver is considered as a direct cause of the cost. In ABC costing cost are allocated to the goods based on the cost drivers.

Answer:

Dr Accounts payable

    Cr Merchandise inventory

Explanation:

The original purchase entry using the perpetual should be:

Dr Merchandise inventory XX

    Cr Accounts payable XX

If the company returns some or all the merchandise purchased, then the journal entry should be:

Dr Accounts payable YY

    Cr Merchandise inventory YY

If the company used the periodic inventory system, then the accounts would be different. Perpetual inventory directly debits or credits merchandise inventory account, it doesn't use the purchases account.

The original purchase entry using the periodic system should be:

Dr Purchases XX

    Cr Accounts payable XX

If the company returns some or all the merchandise purchased, then the journal entry should be:

Dr Accounts payable YY

    Cr Purchases returns and allowances YY

Answer:

Value of treasury Note =$698,494.97

Explanation:

The value of the notes is the present value of the future cash inflows discounted at its YTM of 11%

Value of Notes = PV of interest + PV of RV  

The value of Note can be worked out as follows:  

Step 1  :Calculate the PV of Interest payment  

Present value of the interest payment  

PV = Interest payment × (1- (1+r)^(-n))/r  

r-Yield to Maturity, n- number of years

Interest payment = 3% × $1,000,000 × 1/2= $15,000 .

Semi-annual interest yield = 11%/2 =5.5%  

PV = 15,000 × (1 - (1.055)^(-5×2)/0.055) = 113,064.3874

Step 2   :PV of redemption Value  

PV of RV = RV × (1+r)^(-n)  

= 1000,000 × (1.055)^(-5×2)  

= 585,430.57

Step 3  

Calculate Value of the Notes

=113,064.3874  + 585,430.57

= $698,494.96

Value of treasury Note =$698,494.97

Answer:

Explanation:

Calculation of dividend amount for the preferred shareholders

Preferred Dividend =Per value of share * Dividend rate * Number of years

=88,000*5 * 10% * 2\

=$88,000

Thus cash dividend paid to common shareholder is $88,000

Calculations of cash dividend amount for common shareholder

Common share dividend= $165,000 - $88,000

=$77,000

Thus cash dividend paid to common shareholder is $77,000

Answer and Explanation:

The computation of amount of revenue and gross profit (loss) to be recognized in each of the three years is shown below:-

Sales revenue for the present period  for 2021 = $31,00,000.00 

Sales revenue for the present period  for 2022 =  $46,00,000.00  

Sales revenue for the present period  for 2023 =  $23,00,000.00  

Gross Profit for year 2021 = $5,58,000.00

Gross profit for year 2022 = $8,28,000.00

Gross profit for year 2023 = $2,25,400.00  

To reach the sales revenue we simply deduct the Sales revenue recognized in previous period  from Sales revenue recognized till date for 3 years on the other hand to compute the gross profit we simply deduct the Cost incurred during the year  from Sales revenue for the present period for 3 years.

For clarification we attached the spreadsheet to reach the sales revenue and  gross profit for 3 years.

Answer:

The smallest value of x is 5 which leads to a safe state.

Explanation:

Solution

Given that:

Process Available Maximum Request = Max-Available

A         [2 ,1 ,0 ,2, 2] [4, 2,2, 3, 3]          [2,1,2,1,1]

B         [3 ,1, 1, 0 ,2] [3 ,3 ,6 ,1 ,2]          [0,2,5,1,0]

C         [2 ,1 ,0 ,2 ,1 ] [3 ,2 ,3 ,3 ,1]          [1,1,3,1,0]

D         [1, 1, 0, 1, 0 ] [1, 2, 3, 2 ,1 ]          [0,1,3,1,1]

Available = 3,2,x,2,3 ⇒ x has to be determined.

Now

consider x=1 then Available = 3,2,1,2,3

It can't satisfy A,B,C,D since the minimum value of x among those is 2

Consider x=2 then Available = 3,2,2,2,3

It can't satisfy B,C,D since the minimum value of x among those is 3

Thus

consider x=3 then Available = 3,2,3,2,3

It can't satisfy D since the minimum value of x among those is 5

Then

consider x=5 then Available = 3,2,5,2,3

It can satisfy A,B,C,D

Therefore, the minimum value of x is 5. So, that it leads to a safe state.

A computer's operating system serves as a link between humans and machines. A resource allocator is another title for it.

Solution:-

Given that:-

Process Available Maximum Request = Max-Available

A         [2 ,1 ,0 ,2, 2] [4, 2,2, 3, 3]          [2,1,2,1,1]

B         [3 ,1, 1, 0 ,2] [3 ,3 ,6 ,1 ,2]          [0,2,5,1,0]

C         [2 ,1 ,0 ,2 ,1 ] [3 ,2 ,3 ,3 ,1]          [1,1,3,1,0]

D         [1, 1, 0, 1, 0 ] [1, 2, 3, 2 ,1 ]          [0,1,3,1,1]

Available = 3,2,x,2,3 ⇒ x has to be determined.

Now , consider x=1 then Available = 3,2,1,2,3

It can't satisfy A,B,C,D since the minimum value of x among those is 2

Consider x=2 then Available = 3,2,2,2,3

It can't satisfy B,C,D since the minimum value of x among those is 3

Thus, consider x=3 then Available = 3,2,3,2,3

It can't satisfy D since the minimum value of x among those is 5

Then ,consider x=5 then Available = 3,2,5,2,3

It can satisfy A,B,C,D

Therefore, the minimum value of x is 5. So, that it leads to a safe state.

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Answer:

minimum average total cost of producing the target level of output.

Explanation:

Firms will always seek a profit maximizing output. This means that they will choose a manufacturing plant that allows them to sell more units while keeping the lowest possible marginal costs. This means that they will focus on choosing a production level that minimizes the average total cost for a certain amount of expected production.

Answer:

1. Gross margin is $134,00; and Net profit is $33,000.

2. Contribution margin is $69,000; and Net profit is $33,000.

Explanation:

To prepare the statements, the following calculations are done first:

Sales revenue = Number of units sold * Selling price per unit = 13,000 * $16 = $208,000

Variable selling expenses = Number of units sold * Variable selling expense per unit = 13,000 * $2 = $26,000

Total selling expenses = Variable selling expenses + Total fixed selling expense = $26,000 + $21,000 = $47,000

Variable administrative expense = Number of units sold * Variable administrative expense per unit = 13,000 * $3 = $39,000

Total administrative expense = Variable administrative expense + Total fixed administrative expense = $39,000 + $15,000 = $54,000

Cost of goods sold =  Beginning merchandise inventory + Merchandise purchases - Ending merchandise inventory = $11,000 + $88,000 - $25,000 = $74,000

The statements are now prepared as follows:

1. Prepare a traditional income statement.

The purpose of the traditional income statement is to obtain the gross margin and the net profit. These can be obtained as follows:

Cherokee Inc.

Traditional income statement

Details                                                      $        

Sales                                                  208,000

Cost of goods sold                            (74,000)

Gross margin                                    134,000

Selling and Admin. Expenses:

Selling expenses                              (47,000)

Administrative expense                   (54,000)  

Net profit                                           33,000  

2. Prepare a contribution format income statement

The purpose of the contribution format income statement is to obtain the contribution margin and the net profit. These can be obtained as follows:

Cherokee Inc.

Contribution format income statement

Details                                                      $        

Sales                                                  208,000

Variable expenses:

Cost of goods sold                            (74,000)

Selling expenses                               (26,000)

Administrative expense                    (39,000)  

Contribution margin                          69,000

Fixed expenses:

Selling expenses                               (21,000)

Administrative expense                    (15,000)  

Net profit                                             33,000  

Note:

Note that under both methods, the net profit is the same. This always holds no matter the method used.

Answer:

Instructions are below.

Explanation:

Giving the following information:

Amount Number of units sold 13,000

Selling price per unit $16

Variable selling expense per unit $2

Variable administrative expense per unit $3

Total fixed selling expense $21,000

Total fixed administrative expense $15,000

Beginning merchandise inventory $11,000

Ending merchandise inventory $25,000

Merchandise purchases $88,000

First, we need to calculate the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 11,000 + 88,000 - 25,000= 74,000

1) Traditional income statement:

Sales= 13,000*16= 208,000

COGS= (74,000)

Gross profit= 134,000

Total selling expense= (2*13,000) + 21,000= (47,000)

Total administrative expense= (3*13,000) + 15,000= (54,000)

Net operating income= 33,000

2) Contribution format income statement:

Total variable cost= (3 + 2)*13,000 + 74,000= $139,000

Sales= 208,000

Total variable cost= (139,000)

Contribution margin= 69,000

Total fixed selling expense= (21,000)

Total fixed administrative expense= (15,000)

Net operating income=  33,000

Answer: Somewhat less than 50%

Explanation:

Here is the complete question;

Suppose that a labor economist performs a statistical analysis on economywide worker wages using standard, measurable explanatory factors, such as job characteristics, years of schooling, and so forth. How much of the variation in worker wages can be accounted for by such measurable explanatory factors?

a. Somewhat less than 50%.

b. Somewhat more than 60%

c. Nearly 100%

d. About 0%?

The variables which are typically removed from the quantitative analysis of wages are those which cannot be directly measured, directly observed or normative in nature.

Chance plays a vital role in deciding ones wage, the type of job one applies for and gets, and the salary that can be gotten. Chance cannot neither be measured nor observed. Natural ability cannot also be quantified, observed or measured. These variables are also subject to normative judgement.

Based on this analysis, the measurable traits will account for less than 50% of total variation in the wages.

Answer:

a. Transactions are posted to the general ledger.

Explanation:

Accounting cycle is an arrangement of accounting procedure in a systematic order during the accounting year for each accounting information.

The first step in accounting cycle is to analyze the given date and classify them accordingly, after which the transaction will be journalized. The next step is to Post transactions to the general ledger. Next is to prepare trial balance(unadjusted) and then record the adjusting entries. After this step, the adjusted trial balance is then prepared before preparing the financial statement and then record the closing entries.

Answer:

The total change in demand resulting from the initial change in government spending is $1,000 billion

Explanation:

Marginal propensity to consume (MPC) = As with every additional increase in income, consumption increases by 0.60.

MPC = change in Consumption / Change in Income = [tex]\Delta C/\Delta Y[/tex]

[tex]\Delta C/\Delta Y[/tex] = 0.60 / 1

MPC = 0.60.

Spending or Expenditure Multiplier = 1 ÷ (1 - MPC)

Spending Multiplier = 1 ÷ (1 - 0.6) = 1 ÷ 0.4 = 2.5.

The consumption will increase by MPC, with 1 dollar increased, consumption increased by 0.60

Therefore, with $400 billion increase, Consumption will increase by 0.60 × 400 billion = $240 billion.

This increases income, causing a change in consumption at second times equal $240 billion × 0.6 = $144 billion.

The total change in income by this increment in government spending equals as:

Change in Demand = Multiplier × change in G

Change in Demand= $400 billion × 2.5 = $1,000 billion.

The total change in demand resulting from the initial change in government spending is $1,000 billion

Marginal propensity to consume = change in Consumption / Change in Income  

Marginal propensity to consume = 0.60 / 1

Marginal propensity to consume = 0.60

Spending Multiplier = 1 / (1 - MPC)

Spending Multiplier = 1 / (1 - 0.6)

Spending Multiplier = 1 / 0.4

Spending Multiplier = 2.5.

Consumption will increase = 0.60 × 400 billion

Consumption will increase = $240 billion.

Consumption will increase second time = $240 billion × 0.6

Consumption will increase second time = $144 billion.

Change in Demand = Multiplier × Spending Multiplier  

Change in Demand = $400 billion × 2.5

Change in Demand = $1,000 billion

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Answer:

$2800

Explanation:

To find the Gain or loss on the sell of shares we jus need to deduct cost of purchasing and brokerage fee from sale proceeds

12 DECEMBER 2019

Gain/loss = Sales proceeds- Total Cost to purchase - Cost to sell

Gain/loss= ($88 x 265) - $20,305 - $215

Gain/loss= $23,320 - $20,305 - $215

Gain/loss= $2800

WORKINGS

Purchase 1 Jan 2019

265shares x $76per share =  $20,140

Total cost to purchase = $20,140 + $165(brokerage fee)

Total cost to purchase =  $20,305

Cost to sell = $215(brokerage fee)

Answer: a. long-term plans.

Explanation:

Long term plans in a business are considered Strategic Plans. Strategic plans aim to formulate general long term goals and visions for what the company aims to do in future and what level they aim to be at.

These types of goals are usually for the policy makers in a company being the Top Executives who are tasked with the long term growth of the company.

The Top Executives come up with these plans and then the Mid and lower level managers come up with tactical and operational plans to meet the objectives of the plans.

Answer:

Vanishing Games Corporation (VGC)

1. Analysis of the effect of transactions on the accounting equation:

Assets  = Liabilities + Equity

Assets (Cash) increases +$52,500 and Assets (Accounts Receivable) decreases -$52,500 = Liabilities + Equity.

b. Assets (Cash) increases +$235,000 = Liabilities + Equity (Retained Earnings) increase + $235,000.

c. Assets (Equipment) increases +41,900; Cash decreases -$12,000 = Liabilities (Notes Payable) increase +$29,900 + Equity.

d. Assets (Cash) decreases -$15,600 = Liabilities + Equity (Retained Earnings) decrease - $15,600.

e. Assets (Cash) increases + $50,500 and (Accounts Receivable) increases + $50,500 = Liabilities + Equity (Retained Earnings) increase + $101,000.

f. Assets = Liabilities (Accounts Payable) increase +$5,900 + Equity (Retained Earnings) decrease -$5,900.

g. Assets (Cash) decreases - $310,000 = Liabilities + Equity (Retained Earnings) decreases - $310,000.

h. Assets (Supplies) increase + $5,100 = Liabilities (Accounts Payable) increase +$5,100 + Equity.

i. Assets (Cash) decreases - $5,100 = Liabilities (Accounts Payable) decrease - $5,100 + Equity.

2. Journal Entries:

a. Debit Cash Account $52,500

Credit Accounts Receivable $52,500

To record cash from customers.

b. Debit Cash Account $235,000

Credit Service Revenue $235,000

To record cash for service revenue.

c. Debit Equipment $41,900

Credit Cash Account $12,000

Credit Notes Payable $29,900

To record purchase of 10 new computer services

d. Debit Advertising Expense $15,600

Credit Cash Account $15,600

To record payment for advertising.

e. Debit Cash Account $50,500

Debit Accounts Receivable $50,500

Credit Service Revenue $101,000

To record subscriptions for services sold.

f. Debit Utilities Expense $5,900

Credit Utilities Payable $5,900

To record utilities expense.

g. Debit Wages & Salaries Expense $310,000

Credit Cash Account $310,000

To record wages paid.

h. Debit Supplies Account $5,100

Credit Accounts Payable $5,100

To record purchase of supplies on account.

i. Debit Accounts Payable $5,100

Credit Cash Account $5,100

To record payment on account.

3. T-Accounts:

                                             Cash Account

Beginning Balance       $2,360,000      c. Equipment                   12,000

a. Accounts Receivable       52,250      d. Advertising Expense 15,600

b. Electronic Arts, Inc.        235,000     g. Wages & Salaries     310,000

e. Service Revenue             50,500      i. Accounts Payable          5,100

                                                               Balance c/d             2,355,050

                                        2,697,750                                        2,697,750

Balance b/d                     2,355,050

                                     Accounts Receivable

Beginning Balance        152,000           a. Cash                          52,250

e. Service Revenue        50,500           Balance c/d                 150,250

                                      202,500                                              202,500

Balance b/d                    150,250

                                        Supplies

Beginning Balance        19,100          Balance c/d                       24,200

Accounts Payable           5,100                                                              

                                     24,200                                                   24,200

Balance b/d                  24,200

                                       Equipment

Beginning Balance       948,000       Balance c/d                       989,900

c. Cash                            12,000

c. Notes Payable            29,900                                                              

                                     989,900                                                989,900

Balance b/d                  989,900

                                         Land

Beginning Balance    1,920,000

                                      Building

Beginning Balance     506,000

                                         Accounts Payable

i. Cash                               5,100         Beginning Balance           109,000

  Balance c/d                109,000         h. Supplies                             5,100

                                     114,100                                                        114,100

                                                            Balance b/d                      109,000

                                       Unearned Revenue

                                                             Beginning Balance         152,000

                                         Advertising Expense

d. Cash                               15,600

                                         Utilities Expense

f. Utilities Payable                5,900

                                        Utilities Payable

                                                               f. Utilities Expense            5,900

                                        Wages & Salaries Expense

g. Cash                             310,000

                                         Service Revenue

                                                               b. Cash                             235,000

Balance c/d                       336,000         e. Cash                             50,500

                                                             e. Accounts Receivable   50,500

                                         336,000                                                 336,000

                                                               Balance b/d                      336,000

                                          Notes Payable (due 2018)

     Balance c/d           109,900           Beginning Balance            80,000

                                                           c. Equipment                     29,900

                                   109,900                                                      109,900

                                                             Balance b/d                       101,000

                                           Common Stock

                                                              Beginning Balance     2,200,000

                                           Retained Earnings

                                                              Beginning Balance     3,364,100

4. Trial Balance as at January 31:

                                              Debit                  Credit

Cash                                  $2,355,050

Accounts Receivable              150,250

Supplies                                    24,200

Equipment                              989,900

Land                                     1,920,000

Building                                  506,000

Advertising expense                15,600

Utilities Expense                        5,900

Utilities Payable                                                 $5,900

Wages & Salaries                  310,000

Service Revenue                                             336,000

Notes Payable                                                  109,900

Accounts Payable                                            109,000

Unearned Revenue                                         152,000

Common Stock                                            2,200,000

Retained Earnings                                       3,364,100

Total                               $6,276,900        $6,276,900

Explanation:

a) Note: the adjustment of the Utilities could have been eliminated to produce the same result, with totals reduced by $5,900.

Answer 1:

Analysis of the effect of transactions on the accounting equation:

a. Assets (Cash) increases +$52,500 and Assets (Accounts Receivable) decreases -$52,500 = Liabilities + Equity.

b. Assets (Cash) increases +$235,000 = Liabilities + Equity (Retained Earnings) increase + $235,000.

c. Assets (Equipment) increases +41,900; Cash decreases -$12,000 = Liabilities (Notes Payable) increase +$29,900 + Equity.

d. Assets (Cash) decreases -$15,600 = Liabilities + Equity (Retained Earnings) decrease - $15,600.

e. Assets (Cash) increases + $50,500 and (Accounts Receivable) increases + $50,500 = Liabilities + Equity (Retained Earnings) increase + $101,000.

f. Assets = Liabilities (Accounts Payable) increase +$5,900 + Equity (Retained Earnings) decrease -$5,900.

g. Assets (Cash) decreases - $310,000 = Liabilities + Equity (Retained Earnings) decreases - $310,000.

h. Assets (Supplies) increase + $5,100 = Liabilities (Accounts Payable) increase +$5,100 + Equity.

i. Assets (Cash) decreases - $5,100 = Liabilities (Accounts Payable) decrease - $5,100 + Equity.

Answer 2:

a. Debit Cash Account $52,500

   Credit Accounts Receivable $52,500

    (To record cash from customers)

b. Debit Cash Account $235,000

    Credit Service Revenue $235,000

   (To record cash for service revenue)

c. Debit Equipment $41,900

   Credit Cash Account $12,000

   Credit Notes Payable $29,900

   (To record purchase of 10 new computer services)

d. Debit Advertising Expense $15,600

   Credit Cash Account $15,600

    (To record payment for advertising.)

e. Debit Cash Account $50,500

   Debit Accounts Receivable $50,500

   Credit Service Revenue $101,000

   (To record subscriptions for services sold)

f. Debit Utilities Expense $5,900

  Credit Utilities Payable $5,900

  (To record utilities expense)

g. Debit Wages & Salaries Expense $310,000

   Credit Cash Account $310,000

    (To record wages paid)

h. Debit Supplies Account $5,100

  Credit Accounts Payable $5,100

 (To record purchase of supplies on account)

i. Debit Accounts Payable $5,100

 Credit Cash Account $5,100

 (To record payment on account)

Answer 3:

                                           Cash Account

Beginning Balance       $2,360,000      c. Equipment                   12,000

a. Accounts Receivable       52,250      d. Advertising Expense 15,600

b. Electronic Arts, Inc.        235,000     g. Wages & Salaries     310,000

e. Service Revenue             50,500      i. Accounts Payable          5,100

                                                                  Balance c/d             2,355,050

                Total                    2,697,750                                        2,697,750

Balance b/d                     2,355,050

                                    Accounts Receivable

Beginning Balance        152,000           a. Cash                          52,250

e. Service Revenue        50,500          Balance c/d                 150,250

Total                               202,500                                              202,500

Balance b/d                   150,250

                                      Supplies

Beginning Balance        19,100         Balance c/d                       24,200

Accounts Payable           5,100                                                              

        Total                       24,200                                                   24,200

Balance b/d                  24,200

                                     Equipment

Beginning Balance       948,000       Balance c/d                       989,900

c. Cash                            12,000

c. Notes Payable            29,900                                                            

 Total                               989,900                                                989,900

Balance b/d                  989,900

                                      Land

Beginning Balance    1,920,000

                                    Building

Beginning Balance     506,000

                                  Accounts Payable

i. Cash                               5,100         Beginning Balance           109,000

Balance c/d                109,000          h. Supplies                             5,100

           Total                 114,100                                                        114,100

                                                           Balance b/d                      109,000

                                     Unearned Revenue

                                                           Beginning Balance         152,000

                                        Advertising Expense

d. Cash                               15,600

                                        Utilities Expense

f. Utilities Payable                5,900

                                       Utilities Payable

                                                              f. Utilities Expense            5,900

                                       Wages & Salaries Expense

g. Cash                             310,000

                                        Service Revenue

                                                                b. Cash                             235,000

Balance c/d                       336,000       e. Cash                             50,500

                                                                e. Accounts Receivable   50,500

    Total                         336,000                                                      336,000

                                                              Balance b/d                      336,000

                                        Notes Payable (due 2018)

    Balance c/d           109,900         Beginning Balance            80,000

                                                          c. Equipment                     29,900

Total                           109,900                                                  109,900

                                                            Balance b/d                       101,000

                                        Common Stock

                                                             Beginning Balance     2,200,000

                                          Retained Earnings

                                                             Beginning Balance     3,364,100

                      Trial Balance as at January 31:

                                             Debit                  Credit

Cash                                  $2,355,050

Accounts Receivable              150,250

Supplies                                    24,200

Equipment                              989,900

Land                                     1,920,000

Building                                  506,000

Advertising expense                15,600

Utilities Expense                        5,900

Utilities Payable                                                 $5,900

Wages & Salaries                  310,000

Service Revenue                                             336,000

Notes Payable                                                  109,900

Accounts Payable                                            109,000

Unearned Revenue                                         152,000

Common Stock                                            2,200,000

Retained Earnings                                       3,364,100

Total                               $6,276,900        $6,276,900

Learn more about "accounts":

https://brainly.com/question/13288743?referrer=searchResults

Answer:

$816

Explanation:

Calculation for Dunbar Incorporated Ending inventory

Formula for Ending inventory units using FIFO method:

Ending inventory units = Beginning balance + Purchase -sales

Leg plug in the formula

490+410 - 600

= 300units

Calculation for Ending inventory

Ending inventory = 300*2.72

= $816

Therefore the Ending inventory assuming FIFO method is use would be $816

Answer:

60%

Explanation:

Answer:

b. the first action by itself raises U.S. net exports, the second action by itself lowers U.S. net capital outflow.

Explanation:

Net exports are equal to the difference between the value of a nation's total export of goods, services and the value of all the goods and services it imports.

U.S. net export raises as more British decide to vacation in the U.S. and U.S. net capital outflow reduces as the British purchase more U.S. Treasury bonds.

So, option b is correct.

Answer:

You need to save $4,012.45 each year

Explanation:

Pertiuty in 20 years  is $50,000.

So the amount must be in account after 30 years saving to enough for above pertiuty is calculated as below:

= $50000/(1+8%)+ $50000/(1+8%)^2+......+$50000/(1+8%)^20

= $50,000 * Annuity Factor ( 1-20 years) of 8%

=$50000*9.818

= $490,907

To have $490,907 (FV) in account after 30 years (tenor), now you have save an amount each year (PMT) calculated as below:

$490,907 = PMT*(1+8%)^30+....PMT*(1+8%)^2 + PMT*(1+8%)

= PMT * Discount Factor ( 1-30 years) of 8%

$490,907 = PMT * 122.346

-> PMT = $490,907/ 122.346

= $4,012.45

Answer:

The quantity supplied of fresh baked goods will decrease ( B )

Demand for processed baked goods will decrease. ( C )

The demand for fresh baked goods will not change ( E )

Explanation:

When the neighbourhood bakery owners agree to lower prices of goods by 10% it will not have any effect on the demand for fresh baked goods hence the demand for fresh baked goods will not change because the demand for fresh baked goods have an in-elastic curve

Also since there is s drop in price the quantity supplied by the suppliers will decrease. while The demand for processed baked goods will decrease because of the substitute it has in fresh baked goods that just got its price slashed by 10%

Answer:

Instructions are below.

Explanation:

Giving the following information:

Machine setup Setups $16,000 40 25 15

Machining Machine hours $110,000 5,000 1,000 4,000

Packing Orders $30,000 500 150 350

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machine setup= 16,000/(40+25+15)= $200 per setup

Machining= 110,000/ (5,000 + 1,000 + 4,000= $11 per machine hour

Packing= 30,000/ (500 + 150 + 350)= $30 per order

Answer:

Production total cost= $104,400

It is more profitable to buy the product.

Explanation:

Giving the following information:

Production costs (1,000 units):

Direct material $ 45,000

Direct labor $30,000

Factory overhead (30% is variable) 98,000

Buy:

1,000 units from an outside supplier for $100,000.

I will assume that the fixed overhead is not avoidable, therefore it should not be taken into account for the decision making.

Production total cost= 45,000 + 30,000 + (98,000*0.3)

Production total cost= $104,400

It is more profitable to buy the product.

Answer:

B. Changes in response to a change in volume, but not proportionately.

Explanation:

A semi variable cost (or mixed cost) is a cost or expense that is partially fixed (does not change according to production output) and is also partially variable (changes according to production output). An example of semi variable costs are utilities which have a fixed minimum level per month and they increase as production output increases. Another example is the cost of a car, where insurance and lease payments are fixed but gas and maintenance expenses vary according to the number of miles driven.

Answer: Dead weight loss-= $3750

Explanation:

QD = 800 – 10P

 QS = 50P – 1,000,

At equilibrium, quantity demanded is equal to quantity supplied , so we have that, equating the two equations becomes

800 - 10p = 50p - 1000.

800 + 1000 = 50p + 10p

1800 = 60p

p = $30.

QD= QS= 800 - 10*30 = 500 units

QD= QS= 50x30 -1000= 500 units

Qd = Qs = 500 units.

 When P = $25 by government putting a price ceiling, which is below the equilibrium price,it will  lead to more demand than supply in the market

QD = 800 – 10P

QD= 800-10X25

QD=800-250= 550units

QS = 50P – 1,000,

Qs = 50 X25  - 1000

= 1,250-1000

QS = 250 units.

When quantity demanded =250units as a result of  Quantity supplied  at 250units. we will  have our new price to be

QD = 800 – 10P

250 = 800 - 10p

10p = 800 -250

10p = 550

p = $55.

To calculate  Dead weight Loss, we use the formulae,

0.5 x  (P2 - P1)  x (Q1 - Q2) where P1 and P2 are old and new prices and Q1 AND Q2 are old and new quantities

DWL = 0.5 x (55-25) X (500-250)

= 0.5 x 30x 250

Dead weight loss = $3750.

Answer:

$170,650

Explanation:

economic value added (EVA) = NOPAT – (WACC x capital invested)  

NOPAT = net income x (1 - 21%) = $395,000 x 0.79 = $312,050

WACC = 10%

capital invested = $1,500,000 - $74,000 (accounts payable) - $12,000 (accruals) = $1,414,000

EVA = $312,050 - (10% x $1,414,000) = $312,050 - $141,400 = $170,650

Answer:

road traffic policy is the application if safety measures to keep both vehicle owners and pedestrians safety or ensures safety in the road.

Explanation:

hope it helps .

Answer:

A. neutralize the rumor by openly confirming any parts that may be true.

Explanation:

Here are the options to this question:

A. neutralize the rumor by openly confirming any parts that may be true.

B. restrict the length of breaks taken by the employees.

C. closely monitor each employee's activities in the office.

D. fire employees found spreading false stories.

E. block all forms of electronic communication in the office.

I hope my answer helps you