Answer:
Raw material Inventory
Beginning balance 30000
Add: Purchase 125000
Less: Issue to production -124000
Ending balance of RM 31000
WIP Inventory
Beginning Inventory of Wip 45000
Add: Current cost of manufacturing
Material issued 124000
Direct wages 162000
OH applied 24000
Total current cost of production 310000
Total cost of goods manufacturing 355000
Less: Cost of goods manufactured 306000
WIP ending inventory 49000
Finished Goods inventory
Beginning Inventory of FG 14000
Add: Cost of goods manufactured 306000
Cost of goods available for sale 320000
Less: Cost of good sold 301000
Ending inventory of FG 19000
Schedule of Cost of goods manufactured
Beginning Inventory of Rm 30000
AdD: Purchase 125000
RM available 155000
Less: Ending inventory -31000
Raw material issued 124000
Labour cost 162000
OH applied 24000
Total Manufacturing cost 310000
Add: Beginning inventory of Wip 45000
Total WIP inventory 355000
Less: Ending inventory of WIP 49000
Cost of goods manufactured 306000
Add: Beginning Inventory of FG 14000
Total cost of goods available for sale 320000
Less: Ending inventory of FG 19000
Cost of good sold 301000
Income Statement
Sales revenue 400000
Less: Cost of goods sold 301000
Gross Margin 99000
Less: Selling and admin expense 36000
Net Operating income 63000
(30 POINTS)What is one difference between a vocational school and on-the-job training?
A vocational school degree takes one year to earn. On-the-job training takes two or more years.
A vocational school degree takes weeks or months to earn. On-the-job training takes two years or fewer.
A vocational school is usually paid for by the worker. On-the-job training is usually paid for by the employer.
A vocational school is usually paid for by the employer. On-the-job training is usually paid for by the worker.
Answer:
A vocational school is usually paid for by the worker. On-the-job training is usually paid for by the employer.
Explanation: Vocational training is when you as a worker learn more about your job so you have to pay your trainer to acquire knowledge. However for on-the-job training you have understandin got how to do your work so you get paid
The main difference between a vocational school and on-job training is that "the vocational school is paid for by workers while the on-job training is paid for by the employer".
The vocational school or the vocational form of training is the training provided to the worked by creating the replica of a similar workstation. This helps the workers to know about the entire working process before entering into the actual workplace.
The on-job training is provided to the employers before starting the work or during the existing work about the changes or modifications in the current work process. This is beneficial when the duplicate situation cannot be created and the new work needs to be operated along with the existing work.
Therefore, option c is correct.
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How can you leverage your strength in the workplace? How can you strengthen your weakness? Not real good on business please helpp!!!!
Answer:
in a workplace it is about teamwork to accomplish a common goal if you are good at something it makes you an asset to the company you help coworkers in that area if you have a weakness you work with coworkers to educate yourself in that area so that in the future you can do better
The use of a debit card is most like:
Lexington Company engaged in the following transactions during Year 1, its first year in operation: (Assume all transactions are cash transactions.) Acquired $3,200 cash from issuing common stock. Borrowed $2,300 from a bank. Earned $3,200 of revenues. Incurred $2,420 in expenses. Paid dividends of $420. Lexington Company engaged in the following transactions during Year 2: (Assume all transactions are cash transactions.) Acquired an additional $600 cash from the issue of common stock. Repaid $1,370 of its debt to the bank. Earned revenues, $4,600. Incurred expenses of $2,790. Paid dividends of $760. What was the amount of retained earnings that will be reported on Lexington's balance sheet at the end of Year 1?
Answer:
Retained Earnings Balance at end of Year 1 = $360
Explanation:
First we need to determine the profit/loss for the year as part of the retained earnings calculation.
Lexington Company
Income Statement for the year ended - Year 1
Revenue Earned $3,200
Less Expenses ($2,420)
Net Income / (Loss) $780
Then we calculate the Retained Earnings Balance
Retained Earnings Statement
Beginning Retained Earnings Balance $ 0
Add Profit earned during the year $780
Less Dividends ($420)
Ending Retained Earnings Balance $360
Raby, Inc. acquires all of the outstanding stock of Fletcher Corporation on January 1, 2017. At that date, Fletcher owns only three assets and has no liabilities: Book Fair Value Value Land $ 40,000 $ 50,000 Equipment (10-year life) 80,000 75,000 Building (20-year life) 200,000 300,000 24. If Raby pays $450,000 in cash for Fletcher, what amount would be represented as the subsidiary’s Building in a consolidation at December 31, 2019, assuming the book value of the building at that date is still $200,000? A. $200,000. B. $295,000. C. $290,000. D. $285,000.
Answer:
D. $285,000
Explanation:
When a company is acquired by another company, the parent company (the new owner) must report the assets at fair market value - amortization.
FV = $300,000
amortizable value = $100,000
depreciation for 3 years (2017, 2018 and 2019) = ($100,000 / 20) x 3 = 415,000
reported value = $300,000 - $15,000 = $285,000
On February 5, King Corporation paid $1,600,000 for all the issued and outstanding common stock of Princess, Inc., in a transaction properly accounted for as an acquisition. The book values and fair values of Princess's assets and liabilities on February 5 were as follows: Book Value Fair Value Cash $ 160,000 $160,000 Receivables (net) 180,000 180,000 Inventory 315,000 300,000 Plant and equipment (net) 820,000 920,000 Liabilities (350,000) (350,000) Net assets $1,125,000 $1,210,000 What is the amount of goodwill resulting from the business combination? A. $400,000 B. $475,000. C. $85,000. D. $390,000.
Answer:
$390,000
Explanation:
The computation of the amount of goodwill resulting from the business combination is shown below:
= Paid amount for all issued & outstanding common stock - net assets fair value
= $1,600,000 - $1,210,000
= $390,000
We simply applied the above formula
Hence, the correct option is D.
All other information which is given in the question is not relevant. hence, ignored it
Med Max buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to dozens of hospitals. In the face of declining profits, Med Max decided to implement an activity-based costing system to improve its understanding of the costs incurred to serve each hospital. The company broke its selling and administrative expenses into four activities as shown below: Activity Cost Pool Activity Measure Total Cost Total ActivityCustomer deliveries Number of deliveries $ 361,900 4,700Manual order processing Number of manual orders 266,400 3700 Electronic order processing Number of electronic orders 191,540 12200 Line item picking Number of line items picked 518,000 370000 Total selling and administrative expenses $ 1,337,840 Med Max gathered the data below for two of the many hospitals that it servesâCity General and County General: Activity Activity Measure City General County GeneralNumber of deliveries 15 30Number of manual orders 0 60 Number of electronic orders 20 0 Number of line items picked 130 290 Required: 1. Compute the activity rate for each activity cost pool. 2. Compute the total activity costs that would be assigned to City General and County General.
Answer:
Results are below.
Explanation:
First, we need to calculate the predetermined overhead rate for each activity:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Customer deliveries= 361,900/4,700= $77 per delivery
Manual order processing= 266,400/3,700= $72 per manual order
Electronic order processing= 191,540/12,200= $15.7 per electronic order
Line item picking= 518,000/370,000= $1.4 per line item picked
Now, we can allocate costs to each hospital:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
City general:
Customer deliveries= 77*15= 1,155
Electronic order processing= 15.7*20= 314
Line item picking= 1.4*130= 182
Total costs= $1,651
County General:
Customer deliveries= 77*30= 2,310
Manual order processing= 72*60= 4,320
Line item picking= 1.4*290= 406
Total costs= $7,036
8) River City Recycling just paid its annual dividend of $1.15 per share. The required return is 12.3 percent and the dividend growth rate is 0.75 percent. What is the expected value of this stock five years from now
Answer:
P5 = $10.41324736 rounded off to $10.41
Explanation:
Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,
P0 = D0 * (1+g) / (r - g) or D1 / (1+g)
Where,
D0 is dividend today D0 * (1+g) is the dividend for the next period or D1g is the growth rate r is the required rate of return
To calculate the price of the stock today, we use D1. Similarly, to calculate the price of the stock five years from now or P5, we will use D6.
D6 = D0 * (1+g)^6
D6 = 1.15 * (1+0.0075)^6
D6 = $1.20273007
P5 = 1.20273007 / (0.123 - 0.0075)
P5 = $10.41324736 rounded off to $10.41
Blue Corporation is preparing its December 31, 2017, balance sheet. The following items may be reported as either a current or long-term liability.
1. On December 15, 2017, Blue declared a cash dividend of $4.00 per share to stockholders of record on December 31. The dividend is payable on January 15, 2018. Blue has issued 1,000,000 shares of common stock, of which 50,000 shares are held in treasury.
2. At December 31, bonds payable of $111,437,000 are outstanding. The bonds pay 12% interest every September 30 and mature in installments of $27,859,250 every September 30, beginning September 30, 2018.
3. At December 31, 2016, customer advances were $14,726,000. During 2017, Blue collected $30,502,000 of customer advances; advances of $26,172,000 should be recognized in income.
For each item above, indicate the dollar amounts to be reported as a current liability and as a long-term liability, if any.
Reported as
1. Dividends payable $
Current LiabilityLong-term Liability
2. Bonds payable (September 30, 2018 installment) $
Current LiabilityLong-term Liability
Bonds payable (Other than September 30, 2018 installment) $
Current LiabilityLong-term Liability
Interest payable $
Current LiabilityLong-term Liability
3. Customer advances $
Current LiabilityLong-term Liability
Answer:
Current Liabilities are obligations that a company owes that will be paid or settled within a year.
1. Dividends Payable - Current Liabilities
= (Issued stock - treasury stock) * Dividend per share
= (1,000,000 - 50,000) * 4
= $38,000,000
2. Bonds payable (September 30, 2018 instalment) - Current Liabilities
= $27,859,250
Bonds payable (Other than September 30, 2018 instalment) - Long-term Liability
This debt is not to be paid within a year so is a long-term liability.
= Amount outstanding - Annual instalment
= 111,437,000 - 27,859,250
= $83,577,750
Interest Payable - Current Liabilities
Last paid interest in September so by December 3 months would have elapsed.
= 111,437,000 * 3/12 * 12%
= $3,343,110
3. Customer Advances = Current Liabilities
Advances are liabilities as they represent services owed to customers.
= Beginning Advances + Advances - Advances recognized
= 14,726,000 + 30,502,000 - 26,172,000
= $19,056,000
What is porter's 5 forces?
Answer:
Porter's Five Forces is a framework for analyzing a company's competitive environment.
The number and power of a company's competitive rivals, potential new market entrants, suppliers, customers, and substitute products influence a company's profitability.
Explanation:
The preemployment stage of organizational socialization would be more effective if Multiple Choice job applicants distorted their resume in order to get the job offered. job applicants did not ask questions during their interview. employees engage in impression management. employers provide only positive information about the job. employers and job applicants gave and received accurate information about each other.
Answer:
Employees and job applicants gave and recieved accurate information about each other.
Explanation:
Organisational socialisation is that stage of employment where the new intakes learn more about the attitudes, knowledge, skills, and expectations of a new role.
This stage will be more successful if both employees and employers give accurate information about themselves.
The employer will know how much to expect of the employee as regards performance and adopting the company culture.
Employees will know what to expect on the job. It will reduce disappointment and tendency of leaving in the near future.
XYZ commenced operations on January 1st 2019. The unadjusted Trial Balance for the first year of operations is given below: XYZ limited Unadjusted Trial Balance for the year ended 12/31/2019 Dr Cr Cash 40,000 Supplies 40,000 Accounts receivable 40,000 Equipment 200,000 Notes Payable 60,000 Contributed Capital 40,000 Revenue 300,000 Wages Expenses 60,000 Other Expenses 20,000 Total 400,000 400,000 Notes: Supplies in the warehouse as of 12/31/2019 were determined to be $10,000 Equipment was purchased on 01/01/2019 and will be depreciated over 5 years. There is no salvage value. After the unadjusted trial balance was prepared, Dividends of $30,000 were declared for the year ended 12/31/2019. Prepare an Income Statement and Balance Sheet in good form (i.e. Important to show the headings correctly).
Answer:
XYZ
Income Statement
for the year ended December 31, 2019
Revenue $300,000
Expenses:
Wages Expenses 60,000
Other Expenses 20,000
Supplies Expense 30,000
Depreciation Exp. 40,000 150,000
Net Income $150,000
Dividends declared (30,000)
Retained Earnings $120,000
Balance Sheet
As of December 31, 2019:
Assets:
Current Assets:
Cash 40,000
Supplies 10,000
Accounts receivable 40,000
Total current assets $90,000
Equipment 200,000
less Depreciation (40,000) 160,000
Total assets $250,000
Liabilities + Equity
Liabilities:
Dividends payable 30,000
Notes Payable 60,000
Contributed Capital 40,000
Retained Earnings 120,000
Total liabilities + Equity $250,000
Explanation:
Unadjusted Trial Balance
as of December 31, 2019
Dr Cr
Cash 40,000
Supplies 40,000
Accounts receivable 40,000
Equipment 200,000
Notes Payable 60,000
Contributed Capital 40,000
Revenue 300,000
Wages Expenses 60,000
Other Expenses 20,000
Total 400,000 400,000
Supplies Expense $30,000
Supplies balance = $10,000
Depreciation of Equipment = $40,000 ($200,000/5)
Dividends declared = $30,000
The Year 1 selling expense budget for Karin Corporation is as follows: Budgeted sales $2,500,000 Selling costs: Delivery expenses $25,000 Commission expenses 75,000 Advertising expenses 20,000 Office expenses 12,000 Miscellaneous expenses 30,000 Total $162,000 Delivery and commission expenses vary proportionally with budgeted sales in dollars. Advertising and office expenses are fixed. Miscellaneous expenses include $10,000 of fixed costs. The rest varies with budgeted sales in dollars. The Year 2 budgeted sales is $3,400,000. What will be the value for commission expenses in the Year 2 selling expense budget? Group of answer choices $102,000 $24,000 $48,000 $122,000
Answer:
The correct answer is A.
Explanation:
First, we need to separate the fixed from the variable components:
Fixed costs:
Advertising expenses 20,000
Office expenses 12,000
Miscellaneous expenses 10,000
Variable costs:
Delivery expenses $25,000
Commission expenses 75,000
Miscellaneous expenses 20,000
Total $120,000
Now, the proportion of variable costs to sales:
Total selling expense proportion= 120,000/2,500,000= 0.048
For each variable cost:
Delivery expenses= 25,000/120,000= 0.20
Commission expenses= 75,000/120,000= 0.63
Miscellaneous expenses= 20,000/120,000= 0.17
Finally, for $3,400,000 sales:
Total variable cost= 3,400,000*0.048= $163,200
Comissions= 0.63*163,200= $102,816
As a firm grows, it must support increases in revenue with new investments in assets. The sustainable, or self-supporting, growth model helps a firm assess how rapidly it can grow, while maintaining a balance between its cash outflows (increase in noncash assets) and inflows (funds resulting from increases in liabilities or equity).
Consider this case:
Green Caterpillar Garden Supplies Inc. has no debt in its capital structure and has $150 million in assets. Its sales revenues last year were $60 million with a net income of $5 million. The company distributed $1.60 million as dividends to its shareholders last year.
What is the firm’s sustainable growth rate?
A. 1.65%
B. 4.60%
C. 1.08%
D. 2.32%
Which of the following are assumptions of the sustainable (self-supporting) growth model? Check all that apply.
A. The firm’s total asset turnover ratio remains constant.
B. The firm pays no dividends.
C. This firm will not issue any new common stock next year.
D. The firm’s liabilities and equity must increase at the same rate.
Answer:
i think its a
Explanation:
PLEASE HELP!!! I need to come up with a unique business that would be convenient in a high school. It can be one that sells food, drinks, etc
Starbucks is a national chain of gourmet cafes, which caters to coffee-drinkers. Many of their customers commute from the suburbs, and several of the stores are located in business districts so they may better accommodate the commuters' needs. Starbucks sells their private brand of coffees, and also accompanied them with fresh baked goods. They have a synergy between their stores and their website, both of which help to maintain an advantage over competing local coffee shops. This is a description of Starbucks:
Answer:
yes this is a description of starbucks?
Yes, Starbucks is described in this Starbucks is a national chain of gourmet cafes
What is the nation?Although the phrases nation, state, and country are sometimes used interchangeably, there is a distinction between them. A state is a self-governing political entity (notice the capital "S"). Country and State are both interchangeable terms. However, a nation is a closely-knit community of people who share a culture.
Starbucks is a national chain of gourmet cafes, which caters to coffee drinkers. Many of their customers commute from the suburbs, and several of the stores are located in business Yes, Starbucks is described in this Starbucks is a national chain of gourmet cafes
Therefore, Yes, Starbucks is described in this Starbucks is a national chain of gourmet cafes
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almona Co. establishes a $200 petty cash fund on January 1. On January 8, the fund shows $38 in cash along with receipts for the following expenditures: postage, $74; transportation-in, $29; delivery expenses, $16; and miscellaneous expenses, $43. Palmona uses the perpetual system in accounting for merchandise inventory. Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and increase it to $450 on January 8, assuming no entry in part 2. Hint: Make two separate entries for part 3.
Answer: Please see answer in explanation column
Explanation:
1`. To record establishment of fund
Date Account titles and explanation Debit Credit
Jan 1 Petty cash $200
Cash $200
2.To record the reimbursement the petty cash fund.
Date Account titles and explanation Debit Credit
Jan 8 Postage expense $74
Merchandise inventory $29
Delivery expense $16
Miscellaneous expenses $43
Cash $162
Date Account titles and explanation Debit Credit
Jan 08 Petty cash $250
Cash $250
calculation
Petty cash= $450-$200 = $250
Texteriles Company creates different types of bolts of cloth. These bolts of cloth are made on the same machinery. The textile machines have the capacity of 3,600 hours per month. Texteriles is considering producing three different types of cloth: denim, chenille, and gauze, with contribution margins per bolt of $14, $22, and $9, respectively. Texteriles knows it can sell only a total of 6,000 bolts of denim, 2,000 bolts of chenille, and/or 1,200 bolts of gauze. A bolt of each type of cloth requires a different amount of machine time as follows: denim takes 0.5 machine-hours, chenille takes 1 machine-hour, and gauze takes 0.3 machine-hours. What combination of products will maximize the profits of Texteriles
Answer:
Combination of products shall be:
Denim = 6,000 bolts
Chenille = 240 bolts
Gauze = 1,200 bolts
Explanation:
As provided the machine hours are limited thus, the constraint is machine hours.
Accordingly contribution per machine hour shall be computed.
Denim has contribution of $14 for each 0.5 machine hour, thus, contribution per hour = [tex]\frac{14}{0.5} = 28[/tex]
Chenille has contribution of $22 per machine hour
Gauze has contribution of $9 per 0.3 hours, thus contribution per machine hour = [tex]\frac{9}{0.3}[/tex] = $30
According to contribution per hour, ranking of products shall be
Gauze I
Denim II
Chenille III
Therefore, bolts of gauze to be produced = 1,200 that is maximum
Hours required = 1,200 [tex]\times[/tex] 0.3 = 360
Hours remaining = 3,600 - 360 = 3,240
Bolts of Denim to be produced = 6,000 that is maximum
Hours required = 6,000 [tex]\times[/tex] 0.5 = 3,000
Hours remaining = 3,240 - 3,000 = 240
Bolts of Chenille that can be produced = [tex]\frac{240\ hours}{1\ bolt\ per\ hour}[/tex] = 240 bolts
Total contribution in this case
= (1,200 [tex]\times[/tex] $9) + (6,000 [tex]\times[/tex] $14) + (240 [tex]\times[/tex] $22)
= ($10,800 + $84,000 + $5,280)
= $100,080
Vanessa Jones is the assistant chief accountant at IBT Company, a manufacturer of computer chips and cellular phones. The company presently has total sales of $20 million. It is the end of the first quarter and Vanessa is hurriedly trying to prepare a trial balance so that quarterly financial statements can be prepared and released to management and the regulatory agenicies. THe total credits on the trial balance exceed the debits by $1,000.
In order to meet the 4pm deadline, Vanessa decides to force the debits and credits into balance by adding the amount of the difference to the Equipment account. She chose Equipment because it is one of the larger account balances; percentage wise, it will be the least misstated. Vanessa plugs the difference! She believes that the difference is quite small and will not affect anyone's decisions. She wishes that she had another few days to find the error but realizes that the financial statements are already late.
A. Who are the stakeholders in this situation?
B. What ethical issues are involved?
C. What are Vanessa's alternatives?
Answer and Explanation:
The stakeholders include:
1. The rush in preparing the financial statements for the quarter
2. The overstatement of an account by $1000 on either the debit or credit side of the trial balance
Ethical issues:
1. She has been dishonest by plugging a figures $1000 into a wrong account
2. There could be loss of cash as the difference of $1000 could be caused by a liability account
Alternatives:
1. A suspense account could have been opened for the difference of $1000 and plugged into the trial balance
2. An account with the difference $1000 unknown could have been opened
PLEASE HELPP
Which descriptions offer examples of Professional Support Services workers? Check all that apply.
Milo tutors students outside of normal school hours to help them prepare for exams.
Missy assists a high school science teacher and provides additional instruction.
Gus works in a library and responds to requests from people who need help using services.
Lauren teaches students about business and computing.
Kami advises students to help them make decisions about their education and careers.
Donny creates instructional workbooks and other materials for teachers and students.
Answer:
Gus works in a library and responds to requests from people who need help using services.
Kami advises students to help them make decisions about their education and careers.
Donny creates instructional workbooks and other materials for teachers and students.
The descriptions that offer examples of Professional Support Services workers are options C, E, and F.
This is because Professional Support Service workers are always involved in activities or professions that help people's education, careers, and training operations.
It usually pertains to helping people decide on health goals, academic achievement, career pursuit, etc.
Thus, when Gus works in a library and responds to requests from people who need help using services. This implies professional services in the education line.
Kami advises students to help them make decisions about their education and careers. This implies professional services in the career line.
Donny creates instructional workbooks and other materials for teachers and students. This implies professional services in the education line.
Hence, in this case, it is concluded that the correct answer is option C, E, and F.
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Describe a scenario that forced you to wrestle with your values?
Answer:
To use brainly or to not use brainly. I dont like cheating but sometimes I realy need help.
Explanation:
Sort each statement as either true or false. Items (4 items) (Drag and drop into the appropriate area below) Comparative advantage is not an important aspect of specialization and trade.Trade helps to create additional growth through specialization.Everyone benefits with globalized trade.Voluntary trade among rational individuals creates value for everyone involved.
Answer:
Sorting statements as either true or false:
True:
Trade helps to create additional growth through specialization.
Voluntary trade among rational individuals creates value for everyone involved.
False:
Comparative advantage is not an important aspect of specialization and trade.
Everyone benefits with globalized trade.
Explanation:
It is not everyone who benefits with globalized trade. Those who benefit most are those countries that have developed some comparative and competitive advantages. Comparative advantage is the fulcrum of international trade. It ensures that countries engage in trade with others in order to export the goods in which they have some advantages over others.
Tim Urban, owner/manager of Urban's Motor Court in Key West, is considering outsourcing the daily room cleanup for his motel to Duffy's Maid Service. Tim rents an average of 50 rooms for each of 365 nights (365 times 50 equals the total rooms rented for the year). Tim's cost to clean a room is $12.50. The Duffy's Maid Service quote is $18.50 per room plus a fixed cost of $25, 000 for sundry items such as uniforms with the motel's name. Tim's annual fixed cost for space, equipment, and supplies is $61, 000. Based on the given information related to costs for each of the options, the crossover point for Tim = _________room nights (round your response to the nearest whole number). If the number of room nights is less than the crossover point, then_________ is the best option available to Tim. Based on the given room nights that Tim expects to rent (18, 250), the best option is to___________
Answer:
Based on the given information related to costs for each of the options, the crossover point for Tim = 6,000 room nights (round your response to the nearest whole number). If the number of room nights is less than the crossover point, then OUTSOURCING (Duffy's Maid Service) is the best option available to Tim. Based on the given room nights that Tim expects to rent (18, 250), the best option is to keep doing the service INSOURCING (doing it himself).
Explanation:
Currently, before outsourcing, Tim's total cost = $228,125 + $61,000 = $289,125. On average, he spends $15.84247 per room.
The Duffy's Maid Service offer would represent a total cost of $337,625 + $25,000 = $362,625 for the same occupation level.
the crossover point for Tim:
12.5x + 61,000 = 18.5x + 25,000
36,000 = 6x
x = 6,000 room nights
(6,000 x 12.50) + 61,000 = (6,000 x 18.50) + 25,000 = $136,000
Palmona Co. establishes a $140 petty cash fund on January 1. On January 8, the fund shows $29 in cash along with receipts for the following expenditures: postage, $46; transportation-in, $14; delivery expenses, $16; and miscellaneous expenses, $35. Palmona uses the perpetual system in accounting for merchandise inventory. Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and increase it to $190 on January 8, assuming no entry in part 2. Hint: Make two separate entries for part 3.
Answer:
Entries are posted
Explanation:
We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.
January 1 (Cash fund being recorded in petty cash)
Account Debit Credit
Petty Cash $140
Cash $140
January 8
Postage $46
transportation-in $14
delivery expenses, $16
miscellaneous expenses, $35
Cash $111
January 8 ( petty cash funds being increased )
Pettcash $50
Cash $50
QUESTION 4. Consider the following game. Player 1’s payoffs are listed first, in bold: Player 2 X Y Player 1 U 100 , 6 800 , 4 M 0 , 0 200 , 1 D 10 , 20 20 , 20 a. Imagine that Player 1 makes a decision first and Player 2 makes a decision after observing Player 1’s choice. Write down every subgame-perfect Nash equilibrium of this game. b. Does the outcome above differ from the Nash equilibrium (if the game were played simultaneously)? Carefully explain why, intuitively, the result differs or does not differ.
Answer:
attached below is remaining part of the detailed solution
A) SPNE = ( M,Y )
B) PSNE = ( U,Y )
Explanation:
A) write down every subgame-perfect Nash equilibrium of the game
attached below
The second player can observe the first player's choice before making his own choice and the first player will always play M knowing that the second player will observe him, also the second player will play Y
Therefor the SPNE of the game will be : ( M,Y )
B) If the game were played simultaneously the results will be different and this is because the second player doesn't have the information of what the first player played
Therefore the PSNE of the game will be : ( U,Y )
Which services would a charitable organization provide? Check all that apply. preserving waterways operating a city aquarium opening an animal shelter inventing a new pet feeder owning a pet store franchise
Answer:
preserving waterways
operating a city aquarium
opening an animal shelter
Explanation:
edge 2020
In this context, the services that a charitable organization will provide includes:
Preserving waterwaysOperating a city aquariumOpening an animal shelterWhat is a charitable organization?This is a nonprofit organization that is created to advance some form of public benefit to the people.
These organization are established by individual or companies with an objectives of philanthropy and promotion of social well-being.
Therefore, the Option A, B and C is correct.
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(Table) Germany has a comparative advantage in producing
Sweaters
Germany 6
Greece
4
Skirts
12
20
sweaters and skirts.
skirts only.
sweaters only.
neither good.
Answer:
sweaters only.
Explanation:
Comparative advantage is the ability of a firm or country to produce products using fewer resources than others. An institution or nation with a comparative advantage in producing certain goods or services will sell them at a lower price compared to others.
Given the same quantity of inputs, a country or company with a comparative advantage will produce more output units than the rivals. Germany has a comparative advantage over Greece in making sweaters. With the same inputs, Germany will produce six sweaters while Greece will produce four. However, Greece has a comparative advantage over Germany in making skirts.
RajDee Furniture Company (RFC) buys and sells office furniture. The company buys chairs from a manufacturer for $40 per unit. Order costs are $200 per order and there is a lead time of 10 days for each order to arrive from the manufacturer to RFC warehouse. Inventory carrying cost for RFC is 10%. Average yearly demand for the chairs is 40,000 units. Answer the following questions, assuming there is no uncertainty at all about the demand or the lead time. What would average inventory be if RFC orders this quantity every time
Answer:
1,414 units
Explanation:
First, we need to find the Economic oder quantity(EOQ), which is denoted by;
EOQ = √ 2 × A × O / C
Where,
A = Annual requirement = 40,000 units
O = Ordering cost = $200 per unit
C = Annual carrying cost per unit = 40 × 10% × 1/2 = 2.
EOQ = √ 2 × 40,000 × 200 / 2
EOQ = 2,828 units
Therefore, average inventory would be;
= EOQ / 2
= 2,828 / 2
= 1,414 units
Average inventory would be 1,414 units if RFC orders this quantity (2,828 units) every time.
Which of the following best describes the main difference between B2B and B2C transactions? B2B transactions involve transactions where the buyers and sellers are both businesses, while B2C involves transactions between businesses and consumers. B2B transactions focus on financial transactions while B2C e-commerce focuses on the sale of manufactured goods. B2B transactions refer to business between nonprofit organizations while B2C e-commerce is carried out by business firms seeking to earn a profit. B2B transactions involve sales in foreign markets while B2C e-commerce is restricted to domestic markets.
Answer: B2B transactions involve transactions where the buyers and sellers are both businesses, while B2C involves transactions between businesses and consumers.
Explanation:
Business-to-business transactions are simply regarded as the transactions that takes place between one business and another business. This can occur when the business is looking for inputs for its production process.
Business-to-consumer transactions simply regarded as the transactions that takes place between a business and the customers. This occurs when a business sells its goods or services to the customers directly without the goods passing through the middlemen.
Which of the following are benefits of private student loans?
-Can get a better rate with a parent co-signing the Lon
-Applications and processing time is very short, which means students get money faster
-Loans can be larger to cover the actual cost of attendance
-Borrowers can receive additional discounts such as good discount for good grades
-All the above
Answer:
Try all of the above. I hope this helped!
