Compute the (a) cost of products transferred from weaving to sewing, (b) cost of products transferred from sewing to finished goods, and (c) cost of goods sold. 2. Prepare journal entries dated June 30 to record (a) goods transferred from weaving to sewing, (b) goods transferred from sewing to finished goods, (c) sale of finished goods, and (d) cost of goods sold
Answers
Question Completion:
The following information applies to Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The following information is available regarding its June inventories:
Beginning Ending
Inventory Inventory
Raw materials inventory $ 120,000 $ 185,000
Work in process inventory-Weaving 300,000 330,000
Work in process inventory-Sewing 570, 000 700,000
Finished goods inventory 1,266,000 1,206,000
The following additional information describes the company's manufacturing activities for June:
Raw materials purchases (on credit) $500,000
Factory wages cost (paid in cash) 3,060,000
Other factory overhead cost (other Accounts credited) 156, 000
Materials used:
Direct-Weaving $ 240, 000
Direct-Sewing 75,000
Indirect 120,000
Labor used:
Direct-Weaving $1,200, 000
Direct-Sewing 360,000
Indirect 1,500,000
Overhead rates as a percent of direct labor:
Weaving Sewing
80% 150%
Sales (on credit) $4,000,000
Answer:
Pro-Weave
1. Computation of:
a) Cost of products transferred from Weaving to Sewing = $2,370,000
b) Cost of products transferred from Sewing to Finished Goods = $3,215,000
c) Cost of Goods Sold = $3,275,000
2. Journal Entries on June 30 to record:
(a) goods transferred from weaving to sewing
Debit WIP: Sewing $2,370,000
Credit WIP: Weaving $2,370,000
To transfer goods from weaving to sewing.
(b) goods transferred from sewing to finished goods
Debit Finished Goods Inventory $3,215,000
Credit WIP: Sewing $3,215,000
To transferred goods from sewing to finished goods.
(c) sale of finished goods, and
Debit Accounts Receivable $4,000,000
Credit Sales Revenue $4,000,000
To record the sale of goods on credit.
(d) cost of goods sold
Debit Cost of Goods Sold $3,275,000
Credit Finished Goods Inventory $3,275,000
To record the cost of goods sold.
Explanation:
a) Data and Calculations:
Items Weaving Sewing Finished Goods
Beginning Inventory $ 300,000 $570,000 $1,266,000
Direct materials 240,000 75,000
Direct labor 1,200,000 360,000
Overhead applied:
(1,200,000 * 80%) 960,000
($360,000 * 150%) 540,000
Cost of Weaving $2,700,000
Less Ending Inventory 330,000
Transferred to Sewing ($2,370,000) 2,370,000
Total cost of Sewing $3,915,000
Less Ending Inventory 700,000
Transferred to Finished Goods ($3,215,000) 3,215,000
Goods available for sale $4,481,000
Less Ending Inventory 1,206,000
Cost of Goods Sold $3,275,000
Manufacturing overhead actually incurred:
Indirect materials 120,000
Indirect labor 1,500,000
Total incurred 1,620,000
Related Questions
A company has fixed costs of $96,800. Its contribution margin ratio is 44% and the product sells for $61 per unit.
What is the company's break-even point in dollar sales?
Answers
$220,000
Explanation:
Calculation for the company's break-even point in dollar sales
Using this formula
Break-Even point in dollars sales= Fixed Costs ÷ Contribution Margin
Let plug in the formula
Break-Even point in dollars sales=$96,800/44%
Break-Even point in dollars sales=$220,000
Therefore the company's break-even point in dollar sales will be $220,000.
Explain the characteristics of public limited companies
Answers
Explanation:
Life span
Number of shares
Financial privacy
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Answers
Based on the cost of production by Stam Company, the overhead rate which is applied to the jobs are:
Data and Calculations:
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $33,600 $41,900
Direct labor used (in March) $24,600 $20,300
Overhead applied (March) $12,300 $10,150
Costs during April
Direct materials used $139,000 $226,900 $102,000
Direct labor used $94,200 $161,500 $107,300
Overhead applied $55,600 $77,500 $52,500
($94,200 × 50%) ($161,500 × 50%) ($107,300 × 50%)
Job 306 - $47,100
Job 307 - $80,750
Job 308 - $53,650
The overhead rate applied for Job 306 in April is:
= Direct labor cost x 50%
= 94,200 x 50%
= $47,100
The overhead applied for Job 307 in April is:
= 161,500 x 50%
= $80,750
The overhead for Job 308 in April is:
= 107,300 x 50%
= $53,650
Hence, based on the cost of production by Stam Company, the overhead rate applied to the jobs are calculated above.
The given question is incomplete, the complete question is-
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 4. Prepare a schedule of cost of goods manufactured for the month end April 30. Stam Company Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured.
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Catrina Santana contributed a patent, accounts receivable, and $23,000 cash to a partnership. The patent had a book value of $8,000. However, the technology covered by the patent appeared to have significant market potential. Thus, the patent was appraised at $85,000. The accounts receivable control account was $38,000, with an allowance for doubtful accounts of $2,000. The partnership also assumed a $10,000 account payable owed to a Santana supplier. On December 31, provide the journal entry for Santana's contribution to the partnership.
Answers
Answer:
Date Account Title Debit Credit
12/31 Cash $23,000
Patent $85,000
Accounts Receivable $38,000
Accounts Payable $10,000
Allowance for doubtful debt $2,000
Capital $134,000
Assume real income increased in the United States. Draw a correctly labeled graph of the foreign exchange market for the yen, and show the effect of the increased real income in the United States on the equilibrium exchange rate for the yen.
Answers
Note that when the actual income of US rises, so does the country's import demand. This means that at every level of the exchange rate, there will be more demand for Yen to conduct these import-related activities.
What is the rationale for the above response?It is to be noted that Like any other general market, the Foreign Exchange market (Forex) has a supply and demand side. There is the SS of the foreign currency on the supply (SS) side and the DD for the foreign currency under consideration on the demand (DD) side.
Hence, when the actual income of US rises, so does the country's import demand. This means that at every level of the exchange rate, there will be more demand for Yen to conduct these import-related activities. As a result, the Yd curve will change from Yd0 to Yd1. As a result, the equilibrium $/Yean exchange rate will rise from e0 to e1, indicating that the Yen has increased in value relative to the Dollars.
See attached graph for more details.
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Which confirmed food worker illness must a manager report to the regulatory authority?
a. Giardia
b. Shigella
c. Campylobacter
d. Listeria monocytogenes
Answers
A manager must report confirmed Shigella in a food worker to the higher authority.
A class of bacteria known as shigella causes the intestinal ailment known as shigellosis. Shigella infection's primary symptom is diarrhea, which is frequently bloody. Shigella spreads quickly. When individuals come into contact with and ingest minute quantities of germs from an infected person's feces, they get infected with shigella. For instance, this might occur in a childcare facility when staff members don't thoroughly wash their hands after changing diapers or assisting young children with potty training. Shigella bacteria can also spread by contaminated food, contaminated water, and swimming or drinking it.
Given the severity of the illness, working in the food sector is extremely risky. The Shigella-infected food worker should therefore stay at home until the regulating body approves their return to work.
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importance of constitutional law to Ghana's development
Answers
The importance of constitutional law to Ghana's development is it establishes the structure, procedures, powers and duties of the government, structure of the judiciary and legislature, and spells out the fundamental rights and duties of citizens.
What is constitutional law?It is body of law based on a ratified constitution or similar formative charter dealing with the fundamental principles by which a government exercises its authority. The the body of rules, doctrines, and practices that govern the operation of political communities is known as constitutional law.
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Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 200 shares of its common stock on May 1 for $10,000. On July 1, it reissued 100 of these shares at $52 per share. On August 1, it reissued the remaining treasury shares at $49 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2?
Answers
Answer:
$100
Explanation:
The computation of the balance in the paid - in capital for treasury stock account on August 2 is shown below:
On May 1 $0
July 1 : $2/share × 100 shares $200
Less:
Aug 1 : $1 share × 100 shares ($100)
Balance as on August 2 $100
We simply deduct the august 1 amount from the July 1 amount so that the balance as on August 2 for the paid - in the capital for treasury stock could come
1. By giving yourself a safety cushion on all sides of the vehicle you improve your ability to? 1. stop 2. maneuver 3. think 4. all of the above
Answers
Answer: 4
Explanation: All of the above
Hodor borrowed $1000. The bank charges him 5% interest per year. At the end of year, he paid $50 in interest. There was 2% increase in the GDP deflator. Nominal interest rate?
Answers
Answer:
5%
Explanation:
nominal interest rate = 5%
real interest rate = nominal interest rate - increase in GDP deflator (inflation rate) = 5% - 2% = 3%
The nominal interest rate is the interest rate earned or charged without considering the effects of inflation. The real interest rate adjusts the nominal interest rate against the year's inflation rate.
Job Search Challenge Card #1 Logic Puzzle
Answers
Thomas’ family also runs a gourmet food store that sells two main products: Premium Caviar and Goose Foie Gras. They import the Premium Caviar from Russia, and purchase Goose Foie Gras from Upstate New York. The two products are sold in boxes. Thomas gathers the following information:
Premium Caviar Goose Foie Gras Totals
Units 4,000 12,000 16,000
Revenue $100,000 $180,000 $280,000
Variable costs 56,000 105,000 161,000
Fixed costs 20,000 40,000 60,000
Profit $ 24,000 $ 35,000 $ 59,000
Selling price per unit $25.00 $15.00
Contribution margin per unit $11.00 $6.25
Profit margin per unit $6.00 $2.92
When Thomas took accounting courses at college, he knows how to do cost-volume-profit analysis pretty well. However, he just remembers how to do the analysis for those companies with only one product. Therefore, he needs your help to calculate the following:
a. What is the business’ weighted-average contribution margin per unit? (show your computation)
b. Calculate the business’ break-even point in units assuming the current sales mix. (show your computation)
c. What will be the number of Premium Caviar and Goose Foie Gras boxes at the break-even level of sales? (show your computation)
d. What is the business’ weighted average contribution margin ratio? (show your computation)
e. What level of sales (in dollars) will be needed to earn a profit of $64,950 assuming the current sales mix? (show your computation)
f. What will be the sales (in dollars) of Premium Caviar and Goose Foie Gras boxes for the business’ total sales calculated in Part e? (show your computation)
Answers
Ratio of the weighted average contribution margin will be 0.50, or 50%.
How is the weighted-average contribution calculated?To get the weighted-average contribution margin per unit, the sales mix must be known (the proportion of total sales for each product). Let's assume that the sales ratio for Premium Caviar & Goose Foie Gras is 50:50, which means that Premium Caviar makes up half of overall sales and Goose Foie Gras makes up the other half.
In order to compute the weighted-average contribution margin per unit, the contribution margin per unit for every product (Premium Caviar & Goose Foie Gras) must first be determined. Compute the contribution margin by deducting the variable cost per unit from of the selling price per unit.
Let's proceed with the supposition that:
Premium Caviar:
Selling price (per unit): $50
Variable cost (per unit): $25
Contribution margin (per unit): $50 - $25 = $25
Goose Foie Gras:
Selling price (per unit): $30
Variable cost (per unit): $15
Contribution margin (per unit): $30 - $15 = $15
To calculate the weighted-average contribution margin per unit, the contribution margin per unit for each product is multiplied by the proportion of sales for that product.
Weighted-average contribution margin (per unit) = (Premium Caviar's contribution margin per unit x percentage of premium caviar sales) + (Margin of contribution per serving of goose foie gras x the percentage of sales of goose foie gras)
= ($25 x 0.50) + ($15 x 0.50) = $20
The total fixed costs of the company must be known in order to determine the break-even point in units. Assume that the $100,000 total fixed expenses.
The following formula is used to compute the break-even point in units:
Break-even point (units) = Total fixed costs / Contribution margin (per unit)
= \(\frac{100,000}{2}\) = 5000 units
To figure out how many boxes of Premium Caviar and Goose Foie Gras are required to achieve break-even sales, we must first establish the sales mix. The sales mix we assumed earlier (50:50) can be multiplied by the break-even point in units to produce the following result:
Premium Caviar boxes = (Break-even point (units) x Proportion of sales)
= (5000 x 0.50) = 2500 boxes
Goose Foie Gras boxes = (Break-even point (units) x Proportion of sales)
= (5000 x 0.50) = 2500 boxes
The weighted average contribution margin per unit must be divided by the weighted average selling price per unit in order to obtain the weighted average contribution margin ratio.
Weighted-average selling price per unit = (Cost per unit of sale for premium caviar x percentage of premium caviar sales) + (Price per unit of goose foie gras for sale x the percentage of sales of goose foie gras)
= ($50 x 0.50) + ($30 x 0.50) = $40
Weighted-average contribution margin ratio = Weighted-average contribution margin (per unit) / Weighted-average selling price (per unit)
= \(\frac{20}{40}\) = 0.50 or 50%.
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Relative Valuation (45 min) X KNOWLEDGE CHECK On the chart below, if the earnings per share grew from 7.61 on December 31, 2018, to 7.82 on June 30, 2019, what would the implied earnings yield be?
Answers
The implied earnings yield be 4.1%.
Thus, the correct option is B.
What do you mean by earnings?The net advantages of a corporation's operations are its earnings. Additionally, earnings are the source of corporation tax obligations.
EBIT and EBITDA are two additional terms that are more specifically utilized for a study of certain areas of company operations. There are other other names for earnings that are frequently used, including income and profit.
Earnings are the sum of money that a person or organization receives over a specific time period.
They can be found on an income statement for a business and are used to gauge how profitable it is. Better financial performance is typically indicated by higher recurring earnings, which can also have a beneficial effect on stock values.
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please help! thank you!
the risks of borrowing money include:
A. tax-deductible interest on borrowing
B. a convenient way to make purchases
C. an increase to your credit limit
D. harm to your credit reputation
Answers
Answer:
D
Explanation:
Whether you have a loan or a credit card, making late payments or missing payments can cause your credit score to fall.
. What do you understand by term “advertising”. What would happen if ethical advertisement is not followed by businesses? Explain in detail
Answers
Answer:
Ethics means a set of moral principles which govern a person’s behavior or how the activity is conducted. And advertising means a mode of communication between a seller and a buyer.
Thus ethics in advertising means a set of well defined principles which govern the ways of communication taking place between the seller and the buyer. Ethics is the most important feature of the advertising industry. Though there are many benefits of advertising but then there are some points which don’t match the ethical norms of advertising.
An ethical ad is the one which doesn’t lie, doesn’t make fake or false claims and is in the limit of decency.
Nowadays, ads are more exaggerated and a lot of puffing is used. It seems like the advertisers lack knowledge of ethical norms and principles. They just don’t understand and are unable to decide what is correct and what is wrong.
The main area of interest for advertisers is to increase their sales, gain more and more customers, and increase the demand for the product by presenting a well decorated, puffed and colorful ad. They claim that their product is the best, having unique qualities than the competitors, more cost effective, and more beneficial. But most of these ads are found to be false, misleading customers and unethical. The best example of these types of ads is the one which shows evening snacks for the kids, they use coloring and gluing to make the product look glossy and attractive to the consumers who are watching the ads on television and convince them to buy the product without giving a second thought.
Ethics in Advertising is directly related to the purpose of advertising and the nature of advertising. Sometimes exaggerating the ad becomes necessary to prove the benefit of the product. For e.g. a sanitary napkin ad which shows that when the napkin was dropped in a river by some girls, the napkin soaked whole water of the river. Thus, the purpose of advertising was only to inform women about the product quality. Obviously, every woman knows that this cannot practically happen but the ad was accepted. This doesn’t show that the ad was unethical.
Ethics also depends on what we believe. If the advertisers make the ads on the belief that the customers will understand, persuade them to think, and then act on their ads, then this will lead to positive results and the ad may not be called unethical. But at the same time, if advertisers believe that they can fool their customers by showing any impractical things like just clicking fingers will make your home or office fully furnished or just buying a lottery ticket will make you a millionaire, then this is not going to work out for them and will be called as unethical.
Recently, the Vetican issued an article which says ads should follow three moral principles - Truthfulness, Social Responsibility and Upholding Human Dignity.
Generally, big companies never lie as they have to prove their points to various ad regulating bodies. Truth is always said but not completely. Sometimes its better not to reveal the whole truth in the ad but at times truth has to be shown for betterment.
Pharmaceutical Advertising - they help creating awareness, but one catchy point here is that the advertisers show what the medicine can cure but never talk about the side effects of that same thing or the risks involved in intake of it.
Children - children are the major sellers of the ads and the product. They have the power to convince the buyers. But when advertisers are using children in their ad, they should remember not to show them alone doing there work on their own like brushing teeth, playing with toys, or infants holding their own milk bottles as everyone knows that no one will leave their kids unattended while doing all these activities. So showing parents also involved in all activities or things being advertised will be more logical.
Alcohol - till today, there hasn’t come any liquor ad which shows anyone drinking the original liquor. They use mineral water and sodas in their advertisements with their brand name. These types of ads are called surrogate ads. These type of ads are totally unethical when liquor ads are totally banned. Even if there are no advertisements for alcohol, people will continue drinking.
Cigarettes and Tobacco - these products should be never advertised as consumption of these things is directly and badly responsible for cancer and other severe health issues. These as are already banned in countries like India, Norway, Thailand, Finland and Singapore.
Ads for social causes - these types of ads are ethical and are accepted by the people. But ads like condoms and contraceptive pills should be limited, as these are sometimes unethical, and are more likely to loose morality and decency at places where there is no educational knowledge about all these products.
(that is same question on my papers)
Your grandfather wants to determine the value of his bond portfolio and asks you for help. Find the current market values of the components of your grandfather’s portfolio. (a) 80 bonds with a $1,000 face value and a coupon rate of 7.6%/year. These bonds have 11 years left to maturity and pay coupons on a semi‐annual basis. The YTM of these bonds is 8.8%/year. What is the total market value of these 80 bonds? (3 pts.) (b) 160 zero‐coupon bonds with a $1,000 face value, 9 years to maturity, and a YTM of 7.7%/year
Answers
Answer:
a) $73,320.80
b) $82,068.80
Explanation:
Current market value of bonds:
PV of face value = $1,000 / (1 + 4.4%)²² = $387.78
PV of coupon payments = $38 x 13.91402(PV annuity factor, 4.4%, 22 periods) = $528.73
Market price = $916.51
$916.51 x 80 = $73,320.80
Current market value of zero coupon bonds:
PV of face value = $1,000 / (1 + 7.7%)⁹ = $512.93
$512.93 x 160 = $82,068.80
Question 5 of 20
A payroll register lists the total current period earnings as $35,600. It lists the
total withholdings and deductions as $8,910. What does the journal entry to
record payment of salaries and wages list as the debits and credits for
Salaries and Wages Payable and Cash?
OA. Salaries and Wages Payable: $35,600 debit; Cash: $8,910 credit
OB. Salaries and Wages Payable: $35,600 credit Cash: $8,910 debit
OC. Salaries and Wages Payable: $26,690 debit; Cash: $26,690 credit
OD. Salaries and Wages Payable: $26,690 credit; Cash: $26,690 debit
Answers
The correct answer is OD. Salaries and Wages Payable: $26,690 credit; Cash: $26,690 debit.
When recording the payment of salaries and wages, the journal entry will involve debiting (increasing) the Cash account and crediting (decreasing) the Salaries and Wages Payable account.
In this case, the total current period earnings of $35,600 represents the amount owed to employees for their wages, which is a liability. Since the payment is being made, the Salaries and Wages Payable account will be credited for the same amount, $35,600. On the other hand, the Cash account will be debited for the amount actually paid, which is $8,910 (representing the net payment after withholdings and deductions).
Therefore, the correct journal entry would be:
Salaries and Wages Payable: $26,690 credit
Cash: $26,690 debit
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Which of the following best explains what a futures contract is?
a. a contract preventing the future sale or exchange of a particular good
b. a contract limiting the future liability of one set of partners if a business fails
c. a contract setting the price for the exchange of two foreign currencies
d. a contract setting the price and date for a commodity purchase
Answers
Answer:
d. a contract setting the price and date for a commodity purchase
QUESTION 1 (a) The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet RM 11,980 Debt RM 32,400 Sales Costs Taxable income Taxes (21%) Net income RM 20,300 Current assets RM 13,900 Fixed assets RM 6,400 RM 1,344 RM 5,056 Total RM 44,380 Equity Total RM 16,540 RM 27,840 RM 44,380 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 45 percent dividend pay-out ratio. What is the sustainable growth rate for this company? (10 marks) (b) A project that costs RM21,000 today will generate cash flows of RM7,300 per year for seven years. Calculate the project's payback period? (5 marks)
Answers
For this Mandy Company's, the sustainable growth rate is 16.81%. This indicates that the business can expand at a pace of up to 16.81% annually without needing to obtain more equity or debt capital.
(RM6,400 / RM7,300) = 0.8767, or around 9 months, is the repayment term, which is 2 years. This indicates that it will take fewer than three years to recoup the project's initial investment in Mandy Company's.
Sustainable Growth Rate is calculated using the formula ROE x Retention Ratio (RM5,056 / RM16,540 = 0.3057 or 30.57%).
Dividend payout ratio divided by one is one-half (0.55), or 55%, which is the retention ratio.
As a result, Mandy Company's sustainable growth rate is 0.3057 0.55 = 0.1681 or 16.81%.
RM7,300 in Year 1, RM14,600 in Year 2, RM21,900 in Year 3, RM29,200 in Year 4, RM36,500 in Year 5, RM43,800 in Year 6, and RM51,100 in Year 7.
The third year's cash inflow is RM7,300, and RM21,000 - RM21,900 + RM7,300 = RM6,400 must still be paid to reach the initial cost. This means that the repayment time is 2 years, or around 9 months, and that (RM6,400 / RM7,300) = 0.8767.
As a result, the significance of the Mandy Company's period are the aforementioned.
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The manager of a restaurant with a target market of young families with small children is making a decision
about where to spend his print media marketing budget. He has narrowed his choices to a magazine that is
placed in senior citizen neighborhoods for a low price per reader or a magazine that is made available in
pediatricians' offices for a higher per reader cost. The manager asks for your opinion. You advise that the
Answers
Given that the magazine's target audience is young families, you suggest using the funds to purchase it from the pediatrician's offices.
Describe the term target audience?A collection of people characterized by particular demographics and behaviors is known as a target audience. Businesses frequently use their knowledge of their target market to develop user personas. Their choices for marketing initiatives are influenced by these characters. The target audience is the group of customers that a firm is attempting to attract through advertising.The given condition for the question:
The manager of the a restaurant whose target customers are young families with young children is deciding how to allocate his marketing budget for print media. His options have been reduced to two magazines: one that is distributed in senior citizen areas at a cheap cost per reader, and the other that is distributed in physician offices for just a higher cost per reader.Thus, given that the magazine's target audience is young families, you suggest using the funds to purchase it from the pediatrician's offices.
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Caitlin's lawyer suggests that she name a(n).
assets in the event of her death.
to receive her assets in the event of her death
Answers
Caitlin's lawyer suggests that she name someone, to receive her assets in the event of her death. Thus, option B is correct.
Who is a lawyer?A lawyer can be defined as a person who has gone to school to get a degree regarding the same and passed the bar exam. A lawyer helps the person in the matter which are related to the court
The lawyer recommended to Caitlin that in case she dies or in case of, she should name someone to whom the assets would be transferred after her death or demise. it can be transferred to a person, or organization for a charity fund. Therefore, option B is the correct option.
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Answer:
b
Explanation:
In your own life, what is important to you to “preserve, protect and/or defend”?
Answers
Answer:Um protect or to defend.
Explanation:
The US government has been running a deficit budget since 2001, one of the reasons
attributed to this dilemma is tax cuts. Do you think it is right for government to raise taxes to cut
the deficit? Discuss why you choose the answer that you have chosen and also discuss other measures government can use to eliminate the deficit.
Answers
Answer: See explanation
Explanation:
A budget deficit occurs when the expenditure that the government incurs is more than the revenue. I believe it's right for the government to raise taxes to cut the deficit.
One vital reason for the increase in the government spending can be attributed to the cut in taxes. Government typically generates majority of their revenue from the tax. So once tax is increased, this will bring about a reduction in the deficit.
Another way to eliminate the deficit is for the government to reduce its expenditure. An example is the reduction in the amount that the government spends on defense. When the government reduces its spending, this can also help in reducing the deficit incurred.
Finally, another way to eliminate government deficit is through economic growth. Once there is an increase in the Gross domestic product of an economy, then this can also help in checkmating the deficit.
Schonhardt Corporation's relevant range of activity is 4,700 units to 10,500 units. When it produces and sells 7,600 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 7.50 Direct labor $ 4.00 Variable manufacturing overhead $ 1.55 Fixed manufacturing overhead $ 2.50 Fixed selling expense $ 1.15 Fixed administrative expense $ 0.85 Sales commissions $ 0.95 Variable administrative expense $ 0.85 If 9,500 units are produced, the total amount of fixed manufacturing cost incurred is closest to
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If 9,500 units are produced, the total amount of fixed manufacturing cost incurred is closest to $19,000
What is a fixed cost?A fixed cost is the portiion of production costs that does not vary within a relevant range. Since Schonhardt Corporation's relevant range of activity is 4,700 units to 10,500 units, when it produces 9,500 units, its fixed cost does not change in total from when it produces 7,600 units.
Data and Calculations:Relevant range of activity = 4,700 to 10,500 units
Average production and sales units = 7,600 units
Average costs per unit:
Direct materials $ 7.50
Direct labor $ 4.00
Variable manufacturing overhead $ 1.55
Fixed manufacturing overhead $ 2.50
Fixed selling expense $ 1.15
Fixed administrative expense $ 0.85
Sales commissions $ 0.95
Variable administrative expense $ 0.85
Fixed manufacturing overhead $ 2.50
Fixed selling expense $ 1.15
Fixed administrative expense $ 0.85
Total fixed costs per unit $4.50
Thus, if 9,500 units are produced, the total amount of fixed manufacturing cost incurred is closest to $19,000 ($2.50 x 7,600).
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Greet the customer and thank them for contacting our company
2. Let the customer know their order has been delayed, as caused by a severe blizzard on the East coast.
3. Express sympathy for the inconvenience caused.
4. Let them know that they can call customer support 8a - 8p EST, Mon - Fri: 555-555-5555
5. Sign off
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Answer:
ok
Explanation:
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:
1. What is the materials quantity variance for March?
2. If Preble had purchased 171,000 pounds of materials at $7.20 per pound and used 155,000 pounds in production, what would be the materials quantity variance for March?
3. What is the labor rate variance for March?
4. What is the labor efficiency variance for March?
5. What is the labor spending variance for March?
Answers
Labor efficiency variance = (Actual hour * Standard rate) - (Standard hour * Standard rate).
Labor efficiency variance = $404,600 F
What is Labor efficiency variance?By "efficiency of labor," we mean a worker's ability to produce more or better work, or both, over the course of a given amount of time.
1) Labor efficiency variance = (68,000 * $17) - ((30,600 * 3) * $17)
Labor efficiency variance = $1,156,000 - (91,800 * $17)
Labor efficiency variance = $404,600 F
2) Variance in direct labor worked divided by variance in labor efficiency
Variance in labor costs is $404,600 - $68,000.
Variance in labor costs = $336,600 F
3) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.
Manufacturing variable overhead cost = 24,000 * $21
$504,000 is the variable manufacturing overhead cost.
4) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.
Cost of variable overhead in production = 30,600 * $21
$642,600 is the variable manufacturing overhead cost.
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What is the new annual dollar limit per taxpayer for the Energy Efficient Home Improvement Credit for Tax Year 2023?
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Annual Limits $300 for any single energy property item. $150 for any qualified natural gas, propane, or oil furnace and hot water boiler. $50 for any advanced main air circulating fans. $1,200 for the entire credit for most taxpayers.
Who is a taxpayer?A taxpayer is an individual or entity that is required to pay taxes. In the United States, individuals and businesses may be taxpayers. Taxpayers are typically required to pay taxes to the government on income, sales, and property. The amount of tax that a taxpayer is required to pay is generally based on their income or the value of their property.
Therefore, the correct answer is as given above
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"The AFS Investments account consists of two investments in debt securities purchased in a prior year. CU DENVER elects to employ a fair value method for year-end valuation.
1) Bonds issued by PackCO - Fair market value at 12/31/22 = $160,000.
2) Bonds issued by TerpCo. - Fair market value at 12/31/22 = $140,000. "
The beginning balance of the AFS Investment account is $250,000.
How would I record these within the Adjusting Entries sheet? I believe that it will be debited to AFS and credited to AOCI, but I don't know how to calculate the value of this.
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Based on the given information, it can be concluded that CU DENVER has invested in debt securities and has chosen to value them using the fair value method at year-end.
How to record?
To record the fair value adjustments of the AFS investment account, CU DENVER would debit the account for the difference between the fair market value and the carrying value of each security, and credit the accumulated other comprehensive income (AOCI) account.
In this case, the debit to the AFS investment account would be $300,000 ($160,000 + $140,000) - $250,000 (the beginning balance) = $50,000. The credit to the AOCI account would also be $50,000. This adjustment reflects the change in the fair value of the investments and is necessary to ensure that the investments are accurately valued on the balance sheet.
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are the core processes that make up the value
Stream Examples include purchasing, production and/or service, marketing
and sales. Drag the correct answer to the box
Operational processes
Usper-management processes
Supporting processes
Submit answer
Answers
Answer:
Operational processes
Production and or Service
Upper-management processes
Purchasing
Supporting processes
Marketing and Sales
Explanation:
There are many types of processes in an organisation few of them are given in the question and the answers to them are provided.
The correct answers are given as follows
The correct answer is provided after the type of process
Operational processes
Production and or Service
Upper-management processes
Purchasing
Supporting processes
Marketing and Sales
Step One: You have graduated from college and have established a career. You have been working with the same company for three years. You have saved up $10,000 and need to decide how you will save and invest this money. Your goal is to save as much money in five years as you can for a down payment on a house. Using the principles and strategies of saving and investing, create a saving and investing plan. Remember, a saving and investing plan is an outline or list that names the types of savings or investments you will use. The outline also shows the amount or percentage you will put into each savings account or investment. For this project, evaluate and select at least three investments or savings accounts. Upload the document. Step Two: Select specific accounts and investments. For example, if your outline includes investing $1,000 in stock, research and select a stock. Create a portfolio with a spreadsheet or word processor. See the example below:
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Answer12
Explanation: so it is 6+6+22=2