The accounts payable is $29440 and cost of gods sold is $2720.
S.no particulars Debit Credit
A) Cost of goods sold 34,160
Inventory 26,800
Excess of replacements cost over LIFO 7360
(To record the sales of 1,340 units of LIFO)
Inventory 18,400
Cost of inventory liquidated 7360
Cost of goods sold 3680
Accounts payable 29,440
(To replace the 920 units of LIFO base)
B) Cost of goods sold 29,520
Inventory 26800
Excess of replacement costs over LIFO 2720
(To record the sale of 1340 units of LIFO to be placed)
Excess of replacement costs over LIFO 2720
Cost of goods sold 2720
(To eliminate the remaining balance in LIFO valuation)
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the objectives of scheduling require trade-offs among sometimes conflicting goals, such as efficiently utilizing while minimizing .
This assertion is accurate. The goals of scheduling necessitate making trade-offs between occasionally incompatible objectives, such as effectively employing employees and equipment while reducing client wait times and inventories.
What do you mean specifically by Scheduling?In a manufacturing or production process, scheduling refers to the organization, management, and optimization of work and workloads. Scheduling is used to plan for human resources, distribute resources for buildings and equipment, coordinate work procedures, and make purchases of items.
What objectives does the scheduling of project management have?Project scheduling's main objective is to outline the timeline for completing the project's scope. In its simplest form, a project schedule can consist of a list of tasks with due dates next to them, indicating when tasks and milestones (typically the completion of a deliverable) are anticipated to occur.
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Assume that you are considering two different types of machines to purchase for your company. The first machine costs $30,000 and has an O&M cost of $3,000 per year. The second machine costs $22,000, with a corresponding 0&M cost that is $3,000 the first year, and increases by $200 for each consecutive year (i.e. $3,000 in the first year, $3,200 in the second year $3,400 in the third year, etc.). Both machines have a lifetime of 5 years. Use B/C ratio to find which machine is a better option. Assume an interest rate of 4% Conventional B/C ratio: B/C ratio = EW initial costs +EW operating costs Equivalent W orth of net benefits Modified B/C ratio:
B/C
ratio = EW initial costs EW benefits −EW operating costs ​
E. W. of Benefits / (E. W. of Initial Costs + E. W. of The modified B/C ratio is defined as the ratio of the Operating and Maintenance Costs.
The benefit-cost ratio (BCR), a ratio used in cost-benefit analyses, captures the general relationship between the relative costs and benefits of a project under consideration. BCR can be quantified or stated in monetary terms. If a project's BCR is greater than 1.0, it is expected to give a company and its investors a positive net present value.
The benefit-cost ratio (BCR), which can be expressed in monetary or qualitative terms, is a statistic that shows how the relative expenses and benefits of a proposed project are linked.
If a project's BCR is greater than 1.0, it is expected to give a company and its investors a positive net present value.
If a project's BCR is less than 1.0, its costs will rise.
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When required, the information provided to the data subject in a HIPAA disclosure accounting ...
must be more detailed for disclosures that involve fewer than 50 subject records.
When required, the information provided to the data subject in a HIPAA disclosure accounting must be more detailed for disclosures that involve fewer than 50 subject records.
Access to, distribution of, or communication to parties with no authority is referred to as disclosure in the context of disclosure accounting (outside of TPO or an existing Business Associate Agreement (BAA), which is classified under healthcare operations).
A covered entity must provide specific information in its HIPAA accounting in accordance with the HIPAA Privacy Rule. Protected health information disclosures that took place in the six years prior to the accounting request date must be included in this data. Disclosures made to or made by business partners of the covered entity must be included in the accounting.
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abc corporation has its common stock listed on the new york stock exchange. which of the following abc issues is (are) exempt from state registration? i abc preferred stock ii abc convertible debentures iii warrants to buy abc common stock iv limited partnership units where abc is the general partner in the venture
A. II only
B. I and III
C. I, II, III
D. I, II, III, IV
The correct answer is C. Under the "blue chip" exemption, if a company has its stock listed on a national securities exchange, then any securities offerings of that institution square measure exempt from registration beneath State law.
Thus, if fundamental principle Corporation has its stock listed on the the big apple exchange, then fundamental principle stock, ABC bonds, and fundamental principle rights and warrants would all be exempt still. Thus, Choices I, II, and III square measure true. Conjointly note that beneath the National Securities Markets Improvement Act of 1996, these square measure currently outlined as federal coated securities, that square measure solely registered with the SEC; the States cannot need registration for these problems.
Choice IV may be a terribly completely different animal. Therefore the securities sold by the partnership aren't a problem of fundamental principle Corp. - rather, they're a problem of that partnership. Thus, these restricted partnership units square measure a non-exempt giving beneath this interpretation and should be registered (unless another exemption is available).
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__________ models seek to determine quantities of different products to produce and sell in order to maximize contribution to profit.
a. Product mix b. Process selection c. Linear optimization d. Linear regression
Option a is correct. Product mix models seek to determine quantities of different products to produce and sell in order to maximize contribution to profit.
The total number of product lines and distinct goods or services that a business offers is its product mix. Alternatively known as product portfolio or product assortment. Product combinations differ amongst businesses. Some companies have numerous product lines, each with a large number of products. But some people have even more restrictions.
Four main product mix strategies are as follows:
Expansion: A business adds more product lines or product depth (i.e., varieties) inside lines.
Contraction: A business reduces the variety of its products to get rid of underperforming ones or to streamline the remaining ones.
Change an Existing Product: A business makes improvements to an existing product rather than developing a brand-new one.
Product differentiation: A business positions a product differently without changing it in any manner.
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for this part of the project, you will: research risk assessment approaches. create an outline for a basic qualitative risk assessment plan. write an introduction to the plan explaining its purpose and importance. define the scope and boundaries for the risk assessment. identify data center assets and activities to be assessed. identify relevant threats and vulnerabilities. include those listed in the scenario and add to the list if needed. identify relevant types of controls to be assessed. identify the key roles and responsibilities of individuals and departments within the organization as they pertain to risk assessments. develop a proposed schedule for the risk assessment process. complete the draft risk assessment plan detailing the information above.
The draft risk assessment plan consists of all the risk management strategies.
What is risk management?The initial step in risk management is the identification, appraisal, and prioritization of risks, which is followed by a coordinated and economical use of resources with the aim of minimizing the likelihood or impact of adverse events or maximizing the realization of opportunities. Risks can come from a variety of sources, including the unpredictability of global markets, the risks associated with unsuccessful projects, legal liabilities, credit risk, accidents, natural disasters, enemy-initiated attacks, as well as incidents whose causes are ambiguous or unpredictable. Events can be divided into two categories: dangers and opportunities. Hazards are undesirable occurrences. Among the organizations that have developed risk management standards are the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards.
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Lamb Corp. has taxable income of $240,000 and depreciation expense for tax purposes of $50,000 greater than financial reporting purposes. Lamb has a tax rate of 30%, and no other differences exist. Which of the following entries should Lamb make for deferred taxes? A. $87,000 deferred tax asset. B $72,000 deferred tax asset. C. $57,000 deferred tax liability. D $15,000 deferred tax liability.
The correct answer is C. $57,000 deferred tax liability is the right option to the given question.
This is because the difference between the tax and financial reporting depreciation expenses create a temporary difference between the two, and deferred taxes must be recognized to account for this difference. The difference between the two depreciation expenses is $50,000, and when multiplied by the tax rate of 30%, this results in a deferred tax liability of $15,000. As deferred taxes are recorded for the current year, this amount must be added to the deferred tax liability, resulting in a total deferred tax liability of $57,000.
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efficient communication is attributable to the sender, while effective communication is assessed by the receiver. t/f
It is true that effective communication is judged by the recipient. The effectiveness of communication depends on the receiver among other factors.
What is Efficient and Effective Communication?Efficient communication may or may not be effective, but its hallmark is its brevity (concise and exact use of words). It should be time-limited, clear, and focused. Gets the message in the shortest time possible. Efficient communication is more likely to be effective when there is a pre-established mutual understanding between the creator of the message and the recipient.
Effective communication may not be brief. For communication to be effective, the receiver must be taken into account. Effective interpersonal communication involves a lot of testing and validation.
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predicting when an expansion will end is____; predicting when a recession will end is___
According to the question it is difficult to predict whenever an expansion will terminate. It's difficult to predict whenever a recession will end.
How would you define recession?Recessions are characterized by protracted periods of real GDP (output) development that are slow or declining and are followed by noticeably higher unemployment rates. In a recession, a lot of other economic activity indicators are weak.
What occurs during a recession?Throughout a recession, there is a decline in consumer spending, employment, and economic output. As the central bank lowers rates to stimulate the economy, the interest rate is expected to decline.
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raynor company has the following data: direct labor $76,000 direct materials used 84,000 total manufacturing overhead 65,000 ending work in process 30,000 beginning work in process 45,000 compute total manufacturing costs. total manufacturing costs $enter total manufacturing costs in dollars compute cost of goods manufactured. cost of goods manufactured $enter cost of goods manufactured in dollars
The total manufacturing costs of the Raynor company is $205,000.
Raynor Company
The Cost of Goods Manufactured Statement
Direct labor $76,000
The direct materials used $84,000
Total manufacturing overhead $60,000
Total manufacturing costs $220,000
Add Beginning work in process $30,000
Less Ending work in process $45,000
The cost of goods manufactured. $205,000
However, here the cost of goods manufactured tend to give an estimate of the costs which is incurred in a given period. So, it includes total manufacturing costs and also the beginning work in process.
Hence, the total manufacturing costs of the Raynor company is considered to be $205,000.
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For his marketing class, Paul is comparing the effectiveness of the macro-marketing systems of the United States and Saudi Arabia. He is finding this a challenging assignment. Paul must understand it is difficult to compare the effectiveness of systems for different nations that have different _____.objectives
An interdisciplinary field called macro-marketing investigates marketing as a societal provisioning tool. The emphasis is on the relationships between marketing and society,
covering issues such marketing systems, general consumer behavior, market regulation, social responsibility, fairness and ethics in markets, and sustainable marketing. In contrast, "micro-marketing" focuses on how businesses choose what to produce, how to advertise it, and how much to charge for it. [1] The tragedy of the commons, subliminal messaging, market symbolism, and environmental sustainability are a few of the important subjects. The core of macromarketing theory is the idea of "marketing systems."
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FILL IN THE BLANK. Organizations with a _________ are characterized by formal division of labor, hierarchy, and standardization of work procedures.
(A) matrix structure
(B) functional structure
(C) bureaucratic structure
(D) prebureaucratic structure
(E) lattice structure
The Correct answer is option C . Organizations with a bureaucratic structure are characterized by a formal division of labor, hierarchy, and standardization of work procedures.
A bureaucratic structure is a type of organizational structure that is characterized by a clear hierarchy, a high degree of division of labor, and a focus on rules, procedures, and standardization.
In contrast, a matrix structure is characterized by a high degree of interdependence between different functional units and a high degree of integration across different projects or teams.
A prebureaucratic structure, meanwhile, is characterized by a lack of formalization and standardization, with little hierarchy or division of labor.
A lattice structure, finally, is characterized by a high degree of flexibility and collaboration, with employees able to move freely between different teams or projects.
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TRUE OR FALSE : real options analysis helps managers make investment decisions involving staged commitments of smaller financial resources.
Income statement and balance sheet data for Great Adventures, Inc., are provided below.
GREAT ADVENTURES, INC.
Income Statement
For the year ended December 31, 2022
Net sales revenues $ 176,690 Interest revenue 240 Expenses: Cost of goods sold $ 39,100 Operating expenses 58,720 Depreciation expense 17,850 Interest expense 8,281 Income tax expense 15,100 Total expenses 139,051 Net income $ 37,879 GREAT ADVENTURES, INC.
Balance Sheets
December 31, 2022 and 2021
2022 2021 Assets Current assets: Cash $ 231,844 $ 64,620 Accounts receivable 48,680 0 Inventory 8,200 0 Other current assets 1,020 4,980 Long-term assets: Land 620,000 0 Buildings 830,000 0 Equipment 74,360 46,000 Accumulated depreciation (26,450 ) (8,300 ) Total assets $ 1,787,654 $ 107,300 Liabilities and Stockholders’ Equity Current liabilities: Accounts payable $ 22,000 $ 3,040 Interest payable 1,050 810 Income tax payable 15,100 14,120 Other current liabilities 24,600 0 Notes payable (current) 60,137 0 Notes payable (long-term) 586,478 31,200 Stockholders’ equity: Common stock 132,000 24,080 Paid-in capital 1,013,200 0 Retained earnings 59,089 34,050 Treasury stock (126,000 ) 0 Total liabilities and stockholders’ equity $ 1,787,654 $ 107,300 As you can tell from the financial statements, 2022 was an especially busy year. Tony and Suzie were able to use the money received from borrowing and the issuance of stock to buy land and begin construction of cabins, dining facilities, ropes course, and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their first child.
Required:
1. Calculate the following risk ratios for 2022. (Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.
a. Receivables turnover ratio. (Hint: Use net sales revenues for net credit sales)
b. Average collection period.
c. Inventory
2. Calculate the following profitability ratios for 2022. (Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.)
Answer:
To calculate the receivables turnover ratio, we will need to divide the net credit sales by the average accounts receivable. Net credit sales can be calculated by subtracting the cost of goods sold from the net sales revenues. The average accounts receivable can be calculated by taking the sum of the accounts receivable at the beginning and end of the year, and dividing it by 2.
Net credit sales = Net sales revenues - Cost of goods sold
= $176,690 - $39,100
= $137,590
Average accounts receivable = (Accounts receivable at beginning of year + Accounts receivable at end of year) / 2
= ($0 + $48,680) / 2
= $24,340
Receivables turnover ratio = Net credit sales / Average accounts receivable
= $137,590 / $24,340
= 5.6
To calculate the average collection period, we will need to divide the number of days in a year by the receivables turnover ratio.
Average collection period = Number of days in a year / Receivables turnover ratio
= 365 / 5.6
= 65 days
To calculate the inventory turnover ratio, we will need to divide the cost of goods sold by the average inventory. The average inventory can be calculated by taking the sum of the inventory at the beginning and end of the year, and dividing it by 2.
Average inventory = (Inventory at beginning of year + Inventory at end of year) / 2
= ($0 + $8,200) / 2
= $4,100
Inventory turnover ratio = Cost of goods sold / Average inventory
= $39,100 / $4,100
= 9.5
To calculate the profit margin, we will need to divide the net income by the net sales revenues.
Profit margin = Net income / Net sales revenues
= $37,879 / $176,690
= 0.21 or 21%
To calculate the return on assets, we will need to divide the net income by the average total assets. The average total assets can be calculated by taking the sum of the total assets at the beginning and end of the year, and dividing it by 2.
Average total assets = (Total assets at beginning of year + Total assets at end of year) / 2
= ($107,300 + $1,787,654) / 2
= $947,477
Return on assets = Net income / Average total assets
= $37,879 / $947,477
= 0.04 or 4%
To calculate the return on equity, we will need to divide the net income by the average stockholders' equity. The average stockholders' equity can be calculated by taking the sum of the stockholders' equity at the beginning and end of the year, and dividing it by 2.
Average stockholders' equity = (Stockholders' equity at beginning of year + Stockholders' equity at end of year) / 2
= ($107,300 + $1,787,654) / 2
= $947,477
Return on equity = Net income / Average stockholders' equity
= $37,879 / $947,477
= 0.04 or 4%
Sinking funds are attractive to both issuing firms and investors because ______. (Select all that apply)
the fund does not compound the interest annually
they support the market price of the bond because they reduce the risk the bond will not be repaid
they reduce the risk the bond will not be repaid
they provide for an orderly repayment of a bond issue
Sinking funds are attractive to both issuing firms and investors because
B. they support the market price of bond because they reduce the risk the bond will not be repaidC. they reduce the risk the bond will not be repaidD. they provide for an orderly repayment of a bond issueWhat are Sinking funds?In finance, a sinking fund refers to a fund containing the money set aside or saved to pay off a debt or bond. A company that issues a debt will need to pay that debt off in the future and the sinking fund will helps to soften the hardship of a large outlay of revenue.
In conclusion, the sinking fund is established so the company can contribute to the fund in the years leading up to the bond's maturity.
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a municipality can protect itself against the construction or repair of properties that do not conform to the building codes established by ordinance by requiring the contractors to obtain
A municipality can protect itself against the construction or repair of properties that do not conform to the building codes established by ordinance by requiring the contractors to obtain license and permit bonds.
A municipality is often a single administrative subdivision with corporate status and the authority to govern itself under local, state, and federal laws. The governing body of a particular municipality may also be referred to as a municipality. A municipality, as opposed to a district, is a general-purpose administrative subdivision.
The Latin term municipium, which refers to the Latin villages that supplied Rome with soldiers in exchange for their own admission into the Roman state while allowing the communities to keep their own local administrations, is where the English word municipality originates.
The region that a municipality has control over may include
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finley writes a letter to three customers describing an investment opportunity that seems to fit their objectives. under finra's rules on communication with the public, this would be considered
This would be considered institutional communication under FINRA's rules on communication with the public.
FINRA Rule 2210 of Communications with the Public divides all communications into three categories including correspondence, retail communications, and institutional communications. In these categories of communication, institutional communication is a means to write communication that is made available or distributed to investors who have certain performative responses and collation of thoughts.
The scenario where Finley writes a letter to three clients describing an investment opportunity that appears to fit their objectives would be considered institutional communication as per the rule FINRA's rules of communication with the public.
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c. if, in seeking to increase opportunities for lower income families, the government significantly increases subsidies available for individuals to pursue a college education, the point representing the equilibrium wage and quantity of workers will move up and to the right along the market supply curve for labor. the market supply curve for labor will shift to the left. the market supply curve for labor will shift to the right. the point representing the equilibrium wage and quantity of workers will move down and to the left along the market supply curve for labor.
Assuming the public authority extensively extends the number of appropriations accessible for individuals to seek after with an end goal to increment opportunities for lower-pay families.
What effect do preparing and instruction have on the labor market?
Businesses' interest in work ascends because of a knowledgeable and prepared labor force. The interest in work will move to one side as efficiency levels inside the labor force rise.
How do supply and demand change as wages rise?
Since recreation is a typical decent, more relaxation will be requested when cash ascends because of more prominent wages. Furthermore, that suggests a lessening in how much work is advertised. Hence, the replacement impact for issues with work supply is generally sure; a more significant pay energizes the stockpile of additional laborers.
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TRUE/FALSE. individual work identity is particularly problematic for working class employees as it is harder to achieve the american dream.
Individual work identity is particularly problematic for working class employees as it is harder to achieve the American dream is true.
How does the American dream affect society?The American Dream has long served as a symbol of wealth for both Americans and people everywhere. Millions of immigrants have come to America in search of equal opportunity and a better life attracted by "the charm of projected success." Based on the American ideals of democracy, rights, liberty, opportunity, and equality, the five components of the American Dream are: Regardless of one's starting socioeconomic level, the modern American goal is to feel a part of a community and achieve financial success.
There need to be limitless chances for everyone and a sense of inclusion. While the American dream is constantly changing, this dream does not change over time. Individual work identity is particularly problematic for working-class employees as it is harder to achieve the American dream is true.
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which one of the following is implied by an annual service level of 95 percent? rev: 04 22 2019 qc cs-166729 multiple choice the probability is .95 that demand will equal supply during lead time. approximately 95 percent of demand during lead time will be satisfied. the probability is .95 that demand will exceed supply during lead time. approximately 95 percent of all demand will actually be satisfied directly from on-hand inventory. the probability is .95 that demand will not exceed supply during lead time.
An annual service level of 95% implies that about 95% of all demand will really be satisfied directly from on-hand inventory.
What is an on-hand inventory?The term "on hand inventory" typically refers to the quantity of stock items that are readily available to a retail location or eCommerce website, ready to be bought or used right away by customers. The term "supply on hand" describes the stock of consumable things that are regularly kept on hand by a firm to support its operations. These costs may be added to expenses as they are incurred if they are not too expensive.
The services that a network service provider offers a customer during a certain time frame are described by the service level, typically in quantifiable terms. Service level, when used as a call center metric, gauges the proportion of incoming calls that an agent answers live within a predetermined window of time.
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mr. and mrs. golding own 13,850 shares in ptj mutual fund. this year, they received a $6,390 cash distribution from ptj. which of the following statements is false? multiple choice some or all of the distribution may be a capital gain distribution. some or all of the distribution may be a qualified dividend. some or all of the distribution may be ordinary income. none of these statements are false.
Mr. and Mrs. Golding may have received cash distribution, a qualifying dividend payment, or a capital gain payout from the PTJ mutual fund. Thus, none of these statements are false.
A mutual fund is a business that collects money from a lot of individuals and invests it in stocks, bonds, and other types of short-term debt. The mutual fund's portfolio is the collective name for its holdings. Owners of mutual funds purchase shares.
In general, mutual funds may be divided into four types based on the asset classes they invest in: equities funds, fixed-income funds, money market funds, and hybrid funds.
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Which of the following is not a building block for Business Process Modeling Notation (BPMN) diagrams? Select one: o a. Sequence flows. o b. Swimlanes. o c. Gateways. o d. Events.
Swimlanes is not a building block for Business Process Modeling Notation (BPMN) diagrams. So the option b is correct.
In the given question, we have to select which of the following is not a building block for Business Process Modeling Notation (BPMN) diagrams.
A planned business process's steps are depicted using flowcharts using the Business Process Modeling Notation (BPMN) approach. It visually illustrates a thorough sequence of business operations and information flows required to complete a process, making it a crucial component in business process management.
Swimlanes is not a building block for Business Process Modeling Notation (BPMN) diagrams.
The building block for Business Process Modeling Notation (BPMN) diagrams include Gateways, Events, Activity, Sequence flows.
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An investor purchases zero-coupon bonds issued by the U.S. Treasury due to mature in 18 years at $100,000. Which of the following might describe the primary reason for selecting that investment vehicle?1. The investor is 65 years old and needs the reliability of current income.2. The investor is 45 years old and has purchased these in an IRA rollover account and wants the assurance of funds for retirement.3. The investor is 30 years old and has a newborn child and wishes to assure funds for a college education.4. The investor is 20 years old, has just received an inheritance, and wishes to shelter income for as long as possible.
The investor is 45 years old and has purchased them in an IRA rollover account and wants assurance of funds for retirement might describe primary reason for selecting that investment vehicle.
What is an Investment Vehicle?An investment vehicle is a thing that investors buy to make money off of it. A low-risk investment vehicle would be a bond or a certificate of deposit (CD), whereas a high-risk investment vehicle would be one that deals in stocks, options, or futures. Additional investment vehicles include annuities, exchange-traded funds, mutual funds, and collectibles like artwork or coins (ETFs). Investment vehicles are any channels via which individuals or institutions can make bets and, hopefully, watch their capital grow. Given the wide variety of investment vehicles available, many investors choose to incorporate at least a few distinct varieties of each in their portfolios. Because they frequently yield superior long-term profits, diversifying an investing portfolio lowers risk.
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which of the following sequences of create table statements for happy insurance database is in correct order? group of answer choices create table client create table agent create table area create table agent create table client create table area create table area create table client create table agent none of the above create table area create table agent create table client
The following sequences to create table statements for the happy insurance database is in the correct order is CREATE TABLE area; CREATE TABLE agent; CREATE TABLE client;
insurance is a contract in which an insurer indemnifies some other towards losses from unique contingencies or perils. It allows to the defense of the insured person or their own family towards financial loss. there are numerous varieties of coverage guidelines. life, fitness, house owners, and automobile are the maximum not unusual forms of insurance.
Its aim is to reduce monetary uncertainty and make unintentional loss practicable. It does this by substituting payment of a small, regarded price—an coverage premium—to an expert insurer in alternate for the idea of the hazard a huge loss, and a promise to pay inside the occasion of one of this loss.
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Use the table, with data for Tasha and Hui Er, to answer the question. Table: Tasha's Car Wash and Hui Er's Car Wash Tasha's price = $5 Tasha's price = $9 Hui Er's price = $5 Hui Er's profit = $3,000 Hui Er's profit = $6,000 Tasha's profit = $3,000 Tasha's profit = $700 Hui Er's price = $9 Hui Er's profit = $700 Hui Er's profit = $5,000 Tasha’s profit = $6,000 Tasha's profit = $5,000 Use the check mark method to determine which cell contains a Nash equilibrium. Under a Nash equilibrium, Hui Er earns profits of ___ and Tasha earns profits of___
O $700; $6,000 O $3,000; $3,000 O $5,000; $5,000 O $6,000; $700
Use the check mark method to determine which cell contains a Nash equilibrium. Under a Nash equilibrium, Hui Er earns profits of $6000 and Tasha earns profits of $5000.
Hui Er hires a contractor today to remodel her kitchen while she is already well into her vacation. She later learns that he did not fulfil the contract's assurance that daily does his job. hui er is experiencing a: the key phrases right here are "internal wiring is a manufacturing illness case.
A modern contractor daily, big contractor daily, or daily contractor day-to-day is in charge of managing carriers and trades, overseeing a production site, and communicating information to all parties involved on a daily basis throughout a project.
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perform a horizontal analysis on the following information providing both the dollar amount and percentage change (decrease in amount should be indicated by a minus sign. round your percentages to 1 decimal place.): 2021 2020 cash $ 570,000 $ 190,000 accounts receivable 1,000,000 800,000 inventory 740,000 580,000 long-term assets 2,000,000 2,200,000 total assets $ 4,310,000 $ 3,770,000
Horizontal analysis, sometimes referred to as trend analysis, analyses positive or negative patterns inside a company by looking at financial records from various years.
Despite a substantial decline in cash of -$521,240 or 168.8%, the company recorded a rise in long-term assets of $1.1 million. an increase of 48.1% from the prior year. Both inventory and accounts receivable displayed favorable trends, increasing over the prior period by 150.000% and 16,000%, respectively.
However, a bookkeeper would also examine the growth in debt claims to make sure that the growth is due to an increase in deals and not to late and easing back receivable turnover.
Long-term assets 1,120,730 48.1% Total assets 1,051,769 25.5% Cash -521,240 -168.8% Accounts receivable 345,690 150.3% Inventory 106,589 14.6%.
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which of the following is not a reason that a corporation would issue preferred stock? multiple choice question. to raise capital without sacrificing control to boost the return earned by common stockholders to appeal to certain investors who want less risk to obtain a tax advantage over corporations with no preferred stock
Answer: To obtain a tax advantage over corporations with no preferred stock.
Explanation:
lonney attends a company picnic. although most of the people in his company are older and come from different backgrounds, he feels it is important to go since they all work together. lonney is acknowledging which of the following aspects of building social capital?
Looney attends a company picnic. Although most of the people in his company are older and come from different backgrounds, he feels it is important to go since they all work together. Building social capital involves building bridges.
Social capital refers to the network of relationships and acquaintances that a person has developed over their life. Building social capital involves building bridges between people, creating new relationships beyond current social circles, and deepening existing relationships.
Attending company picnics or other social events can be a way to build social capital by creating opportunities for bonding and bridging. Bonding involves strengthening the social relationships you already have, while bridging involves creating new relationships beyond your current social circle.
As a result, the significance of the building of social capital are the aforementioned.
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An entity engaged an accountant to review its financial statements in accordance with Statements on Standards for Accounting and Review Services. The accountant determined that the entity maintained its accounts on a comprehensive basis of accounting other than generally accepted accounting principles (GAAP). In this situation, the accountant most likely would have taken which of the following actions?
A. Withdrawn from the engagement because the entity has not been following GAAP.
B. Advised management to make the adjustments necessary for the account balances to conform with GAAP.
C. Modified the review report to reflect the fact that the financial statements were presented on another comprehensive basis of accounting.
D. Requested that management justify the use of the other comprehensive basis of accounting in the management representation letter.
Financial statements (also known as financial reports) are official records of a person, business,financial operations and condition. An easy-to-understand format is used to provide pertinent financial data
in a systematic manner. They typically contain a management discussion and analysis and four fundamental financial statements: [1] A balance sheet, also known as a statement of financial condition, details the assets, liabilities, and owner equity of a business at a specific point in time. The income, costs, and profits of a business are reported in an income statement, also known as a profit and loss report (P&L report), statement of comprehensive income, or statement of revenue & expense. The operation of the business is detailed in the profit and loss statement. These are of sales and the numerous
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High Plains Inc. manufacturers furniture in North Dakota. High Plains receives its wood from a lumber yard in Calgary. The lead time for orders is 3 weeks. One of their board costs $15 per unit and the holding cost for this board is $0.5 per week. They manage their inventory to achieve a 99 percent in-stock probability. Weekly demand is for 250 boards with a standard deviation of 200. Use Table 11.5
a. How many boards do they have on on order on average? boards
b. How many boards do they have on hand on average? boards
c. For this board what is the total holding cost incurred per week? per week
(Round your answer to 2 decimal places.) d. What is the holding cost they incur per board? per board
If High Plains Inc. manufacturers furniture in North Dakota.
a. The number of boards they have on on order on average is 750 boards.
b. The number of boards they have on hand on average is 932 boards
c. The total holding cost incurred per week is $841.
d. The holding cost they incur per board is $3.36 per board.
How to find the On-order inventory?a. Number of boards:
On-order inventory =Average week demand × lead time
On-order inventory = 250 boards / week × 3 weeks
On-order inventory = 750 boards
b. Number of boards:
The safety factor for a 99% in-stock probability= 2.33
On-hand inventory = √(L + 1) × standard deviation × Safety factor
On-hand inventory= √(3 + 1) × 200 × 2.33
On-hand inventory = 932
c. Total holding cost per week:
Total holding cost per week = Holding cost per unit × Average number of units on hand and on-order.
Total holding cost per week = (932 + 3 × 250) × $0.5
Total holding cost per week = $841
d. Holding cost per board = Total holding cost / Average demand per week
Holding cost per board = $841 per week / 250 boards per week
Holding cost per board = $3.36 per board
Therefore the number of boards is 750 boards and 932 boards. The total holding cost incurred per week is $841 and the holding cost they incur per board is $3.36 per board.
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