how can the size of the industrial/service sector and the agriculture employment rate indicate the level of industrialization?​

Answers

Answer 1

Answer:

as agriculture is in the primary sector an increase in the employment of that sector can indicate its in the primary sector .

Explanation:

industrialisation is the increase in the importance of the secondary sector of industry.


Related Questions

A bank has $400 in checkable deposits, $800 in savings deposits, $700 in time deposits, $900 in loans to businesses, $300 in outstanding credit card balances, $500 in government securities, $10 in currency in its vault, and $20 in deposits at the Fed. The bank's deposits that are part of M1 are equal to

Answers

Answer: $400

Explanation:

M1 money supply simply refers to the monies which are liquid like the checkable deposits, traveler's checks, and the coins and currencies that are in circulation.

Therefore, based on the information given in the question, the bank's deposits that are part of M1 will be the $400 in checkable deposit.

Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 7.5 ounces $ 8.00 per ounce $ 60.00 Direct labor 0.9 hours $ 19.00 per hour $ 17.10 Variable overhead 0.9 hours $ 8.00 per hour $ 7.20 The company reported the following results concerning this product in June. Originally budgeted output 2,900 units Actual output 2,500 units Raw materials used in production 19,500 ounces Purchases of raw materials 22,400 ounces Actual direct labor-hours 4,700 hours Actual cost of raw materials purchases $ 41,400 Actual direct labor cost $ 12,900 Actual variable overhead cost $ 3,450 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for June is: Multiple Choice $1,386 U $6,000 U $6,000 F

Answers

Answer:

Direct material quantity variance= $6,000 unfavorable

Explanation:

Giving the following information:

Direct materials 7.5 ounces $ 8.00 per ounce

Actual output 2,500 units

Raw materials used in production 19,500 ounces

To calculate the direct material quantity variance, we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (7.5*2,500 - 19,500)*8

Direct material quantity variance= $6,000 unfavorable

The estimated unit costs for a company to produce and sell a product at a level of 12,000 units per month are as follows: Cost Item Estimated Unit Cost Direct material $ 32 Direct labor 20 Variable manufacturing overhead 15 Fixed manufacturing overhead 6 Variable selling expenses 3 Fixed selling expenses 4 What are the estimated conversion costs per unit?

Answers

Answer:

$41

Explanation:

Conversion costs = Direct labor + Manufacturing overhead

Manufacturing overhead = Variable manufacturing overhead + Fixed manufacturing overhead

Manufacturing overhead = $15 + $6 = $21

Conversion costs = $20 + $21 = $41

Therefore, estimated conversion costs per unit

= $41

The SML helps determine the risk-aversion level among investors. The higher the level of risk aversion, the ____________ the slope of the SML. Which of the following statements best describes the shape of the SML if investors were not at all risk averse?

a. The SML would have a positive slope, but the slope would be flatter than it would be if investors were risk.
b. The SML would be a horizontal line.
c. The SML would have a positive slope, but the slope would be steeper than it would be if investors were risk averse.
d. The SML would have a negative slope.

Answers

Answer:

a. The SML would have a positive slope, but the slope would be flatter than it would be if investors were at risk.

Explanation:

The SML would have a positive slope, but the slope would be flatter than it would be if investors were risked The SML would be a horizontal line O The SML would have a positive slope, but the slope would be steeper than it would be if investors were risk-averse O The SML would have a negative slope.

If you use a check to pay your monthly rent,
A. the check is not money because it is not part of M1.
B. you have used money because the landlord accepted it as a means of payment.
C. the check is considered money because you received something in return.
D. the check becomes money when it arrives at the landlord's bank.
E. the check is not money because it is just an instruction to your bank to make a payment

Answers

Answer:

E

Explanation:

Money is an economic unit that is generally accepted as a medium of exchange in the economy

Functions of money  

1. Medium of exchange : money can be used to exchange for goods and services. For example, money serves as a medium of exchange when you pay $20 for your favourite jeans

2. Unit of account : money can be used to value goods and services, For example, $20 is the value of your favourite jeans

3. Store of value : money can retain its value over the long term, this it can be used as a store of value

M1 includes the most liquid from of money. It includes currency, demand deposits and checking account.

A check is not a form of money. It can be defined as a note or an instruction to a bank to make a payment. The payment can either be honoured or not be honoured

Novak Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2020, consists of products D, E, F, G, H, and I. Relevant per unit data for these products appear below. Item D Item E Item F Item G Item H Item I Estimated selling price $151 $139 $120 $113 $139 $113 Cost 95 101 101 101 63 45 Cost to complete 38 38 32 44 38 38 Selling costs 13 23 13 25 13 25 Using the LCNRV rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2020, for each of

Answers

Answer:

i belive it is d

Explanation:

i took test

For 2021, Rahal's Auto Parts estimates bad debt expense at 1% of credit sales. The company reported accounts receivable and an allowance for uncollectible accounts of $91,000 and $3,000, respectively, at December 31, 2020. During 2021, Rahal's credit sales and collections were $413,000 and $417,000, respectively, and $3,690 in accounts receivable were written off. Rahal's final balance in its allowance for uncollectible accounts at December 31, 2021, is:

Answers

Answer:

See below

Explanation:

Rahal's final balance in its allowance for uncollectible accounts at December 31, 2021 would be calculated as;

Step 1

= $413,000 × 1%

= $413,000 × 0.01

= $4,130

Step 2

= $3,000 - $3,690

= ($690)

Step 3

= $4,130 + ($690)

= $4,130 - $690

= $3,440

Therefore, Rahal's final balance in its allowance for uncollectible accounts at December 31, 2020 is $3,440

Project manager Claire and her team need to minimize project risks. Help them match the step to minimize risk to what each step Involves.

Answers

Answer:

Determine which risks goes with prioritizing

Take into consideration goes with identifying

Relate to contingency goes with mitigating

and

Determine the likelihood goes with evaluating

Explanation:

I did the test and got it correct! Hope this helps :) For Edmentum/Plato

Answer:

Determine which risks >>> prioritizing risks

Take into consideration >>> identifying risks

Relate to contingency >>> mitigating risks

Determine the likelihood >>> evaluating risks

Explanation:

Correct on plato

Blossom Company has the following inventory data: July 1 Beginning inventory 35 units at $22 $770 7 Purchases 124 units at $24 2976 22 Purchases 18 units at $26 468 $4214 A physical count of merchandise inventory on July 30 reveals that there are 57 units on hand. Using the LIFO inventory method, the amount allocated to ending inventory for July is

Answers

Answer:

Ending invenory= $1,298

Explanation:

Giving the following information:

July 1 Beginning inventory 35 units at $22 $770

July 7 Purchases 124 units at $24 $2,976

July 22 Purchases 18 units at $26 $468

A physical count of merchandise inventory on July 30 reveals that there are 57 units on hand.

To calculate the ending inventory using the LIFO (last-in, first-out) method, we need to use the cost of the firsts units incorporated into inventory:

Ending inventory= 35*22 + 22*24

Ending invenory= $1,298

3. What do you think has more risk: buying corporate bonds or buying a second house in hopes that housing prices increase?

Answers

Answer:

buying a second house

Explanation:

bonds have a high chance of providing returns whereas the housing market is very hard to predict

The following information relates to Hatami Company's defined benefit pension plan during the current reporting year:

Plan assets at fair value, January 1 $640,000,000
Expected return on plan assets 54,000,000
Actual return on plan assets 44,000,000
Contributions to the pension fund (end of year) 94,000,000
Amortization of net loss 0
Pension benefits paid (end of year) 36,000,000
Pension expense 64,000,000

Required:
Determine the balance of pension plan assets at fair value on December 31.

Answers

Answer: $742,000,000

Explanation:

The balance of pension plan assets at fair value on December 31 will be:

Plan Assets at Fair value, January 1 = $640,000,000

Add: Actual return on plan assets = $44,000,000

Add: Contributions to the pension fund (end of year) = $94,000,000

Less: Pension benefits paid (end of year) = $36,000,000

Plan Assets at Fair value, December 31 = $742,000,000

Jackson Co. (lessee) entered into a 10-year operating lease on January 1, Year 1. Annual lease payments are $30,000, and payments begin December 31, Year 1. The lessee knows that the rate implicit in the lease is 8%, and its incremental borrowing rate is 7%. The useful life of the asset is 20 years. How should Jackson Co. account for the lease in the income statement

Answers

Answer: B. lease payments are allocated over the full lease term on a straight line basis and reported as lease expense in the income statement

Explanation:

The options given include:

A. Interest expense for the lease liability and amortization expense for the right to use asset must be reported separately in the income statement.

B. lease payments are allocated over the full lease term on a straight line basis and reported as lease expense in the income statement

C. the incremental borrowing rate is used to calculate the annual interest expense on lease liability

D. interest expense for the lease liability is recognized in full on the commencement dates of lease.

Jackson Co. should account for the lease in the income statement as "lease payments are allocated over the full lease term on a straight line basis and reported as lease expense in the income statement".

Based on the information given, the correct option is B.

A $500,000 bond issue sold at 98. Therefore, the bonds: Multiple Choice Sold at a premium because the stated rate of interest was higher than the yield rate. Sold at a discount because the stated rate of interest was lower than the effective rate. Sold at a discount because the effective interest rate was lower than the face rate. Sold for the $500,000 face amount less $10,000 of accrued interest.

Answers

Answer: Sold at a discount because the stated rate of interest was lower than the effective rate.

Explanation:

The stated rate of interest is the coupon rate. This is the interest rate at which the bond will make periodic payments.

The effective rate is the market rate. This is the rate that will discount the bond to the present.

If the effective rate is higher than the stated rate of interest, the coupon payments will be discounted such that the current price of the bond will be less than par.

The above bond had a par of 100 but was issued at 98. It was issued at a discount which means that the effective rate was higher than the stated rate.

Suppose you are the lead underwriter for a start-up company. The company plans to sell 10 million shares at the price of $46 per share. It also provides you an over-allotment option of 1.5 million additional shares. Recent road show estimates demand to be around 20 million shares at $46. There is lots of uncertainty about how the stock will perform after trading starts. Consider the following decisions. 18. Before the trading starts tomorrow, you need to allocate (sell) a number of shares to the institutional investors now at the IPO price. How many shares will you allocate

Answers

Answer: 11.5 million shares

Explanation:

The demand for the new shares is 20 million at the IPO price and the company plans to sell 10 million shares only.

Demand therefore exceeds supply so you as the lead underwriter will have to exercise the over-allotment option of 1.5 million additional shares provided to you.

Total shares you allocate will be:

= 10 + 1.5

= 11.5 million shares

View Policies Current Attempt in Progress Ivanhoe, Inc. had pre-tax accounting income of $1700000 and a tax rate of 20% in 2021, its first year of operations. During 2021 the company had the following transactions:
Received rent from Jane, Co. for 2022 $86000
Municipal bond income $110000
Depreciation for tax purposes in excess of book depreciation $50000
Installment sales profit to be taxed in 2022 $152000
At the end of 2021, which of the following deferred tax accounts and balances exist at December 31, 2021
a) $419,400
b) $471,600
c) $594,000
d) $504,900

Answers

Answer:

$17,200

Explanation:

Calculation to determine deferred tax accounts and balances exist at December 31, 2021

Using this formula

Deferred tax accounts=Rent Received* Tax rate

Let plug in the formula

Deferred tax accounts=$86000* 20

Deferred tax accounts=$17,200 Deferred tax asset

Therefore the deferred tax accounts and balances exist at December 31, 2021 will be $17,200

Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (9 pounds at $1.90 per pound) $17.10 Direct labor (4 hours at $10.00 per hour) $40.00 During the month of April, the company manufactures 160 units and incurs the following actual costs. Direct materials purchased and used (2,100 pounds) $4,410 Direct labor (680 hours) $6,664 Compute the total, price, and quantity variances for materials and labor.

Answers

Answer:

See below

Explanation:

1. Total materials variance

= (Actual quantity - Actual price) - (Standard quantity × Standard price)

= $4,410 - [(160 × 9) × $1.9]

= $4,140 - $2,736

= $1,404 unfavorable

2. Materials price variance

= (Actual quantity × Actual price) - (Actual quantity × Standard price)

= $4,140 - (2,100 × $1.9)

= $4,140 - $3,990

= $150 unfavorable

3. Materials quantity variance

= (Actual quantity × Standard price) - (Standard quantity × Standard price)

= (2,100 × $1.9) - [(160 × 9) × $1.9]

= $3,990 - $2,736

= $1,254 unfavorable

4. Total labor variance

= (Actual hours × Actual rate) - (Standard hours - Standard rate)

= $6,664 - (160 × 4) × $10

= $6,664 - $6,400

= $264 unfavorable

When Jake became one of three final candidates for a managerial position with a large medical supply company, the director of the department scheduled a special meeting with him. There, the two talked about the challenging deadlines and heavy travel required of the position, as well as the great compensation and multiple perks. Jake appreciated that the director took time to conduct a(n) _______. Realistic job preview Performance appraisal Behavioral-description interview Situational interview Unstructured interview

Answers

Answer:

Realistic job preview

Explanation:

A realistic job preview shows a new employee or existing employees the good and bad aspects of a job in practice.

This prepares the staff for challenges that they will face in their roles.

In the given instance the director told Jake about challenging deadlines and heavy travel required of the position, as well as the great compensation and multiple perks.

This is a realistic job preview

Mauro Products distributes a single product, a woven basket whose selling price is $28 per unit and whose variable expense is $23 per unit. The company’s monthly fixed expense is $9,500. Required: 1. Calculate the company’s break-even point in unit sales. 2. Calculate the company’s break-even point in dollar sales. (Do not round intermediate calculations.) 3. If the company's fixed expenses increase by $600, what would become the new break-even point in unit sales? In dollar sales? (Do not round intermediate calculations.)

Answers

Answer:

Results are below.

Explanation:

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 9,500 / (28 - 23)

Break-even point in units= 1,900 units

To calculate the break-even point in dollars, we need to use the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)=  9,500 / (5 / 28)

Break-even point (dollars)= $53,200

Finally, the fixed costs increase to $10,100:

Break-even point in units= 10,100 / 5

Break-even point in units= 2,020 units

Break-even point (dollars)= 10,100 / (5/28)

Break-even point (dollars)= $56,560

You are given the following information on Parrothead Enterprises:
Debt: 9,300 6.5 percent coupon bonds outstanding, with 22 years to maturity and a quoted price of 104.75. These bonds pay interest semiannually and have a par value of $1,000.
Common stock: 240,000 shares of common stock selling for $64.80 per share. The stock has a beta of.93 and will pay a dividend of $3.00 next year. The dividend is expected to grow by 5.3 percent per year indefinitely.
Preferred stock: 8,300 shares of 4.65 percent preferred stock selling at $94.30 per share. The par value is $100 per share.
Market: 11.7 percent expected return, risk-free rate of 3.75 percent, and a 23 percent tax rate.
Calculate the company's WACC. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC %

Answers

Answer:

8.19%

Explanation:

Calculation to determine the company's WACC

First step is to calculate the CAPM rate of equity

Using this formula

CAPM rate of equity = Risk free rate + market risk premium * beta

Let plug in the formula

CAPM rate of equity=3.75%+(11.7%-3.75%)*0.93

CAPM rate of equity=11.14%

Second step is to calculate the DDM rate of equity

Using this formula

DDM rate of equity= Expected dividend next year/Price today + Growth rate

Let plug in the formula

DDM rate of equity=3/64.8+5.3%

DDM rate of equity=9.93%

Third step is to calculate the Cost of equity using this formula

Cost of equity = Average of CAPM and DDM

Let plug in the formula

Cost of equity=(11.14%+9.93%)/2

Cost of equity= 10.54%

Fourth Step is to calculate the Cost of debt (after tax)

Cost of debt (after tax) using financial calculator to compute YTM

PV -1047.5

FV 1000

PMT 1000*6.5%/2 32.5

N 22*2 44

Compute I 3.05%

YTM =3.05%*2 6.10%

Tax rate = 23%

Hence,

Rate of debt (after tax) = 6.1%*(1-23%)

Rate of debt (after tax) = 4.70%

Fifth step is to calculate the Rate of preferred stock using this formula

Rate of preferred stock = Annual dividend/Current price

Let plug in the formula

Rate of preferred stock=4.65/94.3

Rate of preferred stock=4.93

Sixth step is to calculate the Weight

Market value

Source

equity 240000*64.8= 15552000

debt 1047.5*9300= 9741750

preferred stock 8300*94.3=782690

Total 26076440

equity 15552000/26076440= 59.64%

debt 9741750/26076440=37.36%

preferred stock 782690/ 26076440=3.00%

Now let calculate compute WACC

WACC= weight * cost

equity 59.64%*10.54%=6.28%

debt 37.36%* 4.70% =1.76%

preferred stock3.00%*4.93%=0.15%

WACC = 8.19%

(6.28%+1.76%+0.15%)

Therefore the company's WACC is 8.19%

The following items appear on the balance sheet of a company with a one-year operating cycle. Identify the proper classification of each item as follows: C if it is a current liability, L if it is a long-term liability, or N if it is not a liability. prepaid insurance bonds payable

Item Classification
1. Current portion of long-term debt.
2. Notes payable (due in 6 to 11 months).
3. Sales taxes payable.
4. Bonus payable (to be paid in 60 days)
5. Warranty liability (6 months of coverage)
6. Prepaid Insurance (6 months of coverage)
7. Notes payable (due in 120 days).
8. Salaries payable.
9. Pension liability (to be fully paid to retired employees in next 11 months)
10. Bonds payable (due in 2 years)

Answers

Answer:

L Lcnncnln

I think so buh I’d advice u to make it its correct

Last month when Holiday Creations, Inc., sold 41,000 units, total sales were $282,000, total variable expenses were $214,320, and fixed expenses were $36,900. Required: 1. What is the company’s contribution margin (CM) ratio? 2. What is the estimated change in the company’s net operating income if it can increase total sales by $1,700? (Do not round intermediate calculations.)

Answers

Answer:

1. Company’s contribution margin (CM) ratio = 24%

2. Estimated change in the company’s net operating income = $408

Explanation:

1. What is the company’s contribution margin (CM) ratio?

Contribution margin (CM) =  Total sales - Total variable expenses = $282,000 - $214,320 = $67,680

Contribution margin (CM) ratio = Contribution margin / Total sales = $67,680 / $282,000 = 0.24, or 24%

2. What is the estimated change in the company’s net operating income if it can increase total sales by $1,700? (Do not round intermediate calculations.)

Estimated change in the company’s net operating income =  Increase total in sales * Contribution margin (CM) ratio = $1.700 * 24% = $408

Journalizing Sales Transactions Enter the following transactions in a general journal. Use a 6% sales tax rate. May 1 Sold merchandise on account to J. Adams, $2,000 plus sales tax. Sale No. 488. 4 Sold merchandise on account to B. Clark, $1,800 plus sales tax. Sale No. 489. 8 Sold merchandise on account to A. Duck, $1,500 plus sales tax. Sale No. 490. 11 Sold merchandise on account to E. Hill, $1,950 plus sales tax. Sale No. 491. If an amount box does not require an entry, leave it blank.

Answers

Answer:

See the journal entries below.

Explanation:

The journal entries will look as follows:

Date       Description                                              Debit ($)          (Credit)  

May 1      Accounts receivable - J. Adams               2,120

                 Sales                                                                              2,000

                 Sales tax payable (6% * $2,000)                                     120

              (To record Sale No. 488.)                                                                

May 4      Accounts receivable - B. Clark                1,908

                 Sales                                                                              1,800

                 Sales tax payable (6% * $1,800)                                     108

              (To record Sale No. 489.)                                                                

May 8      Accounts receivable - A. Duck                1,590

                 Sales                                                                              1,500

                 Sales tax payable (6% * $1,500)                                      90

              (To record Sale No. 490.)                                                                

May 11     Accounts receivable - E. Hill                    2,067

                 Sales                                                                              1,950

                 Sales tax payable (6% * $1,950)                                     117

              (To record Sale No. 491.)                                                                

During 2022, Crane Company entered into the following transactions.
1. Purchased equipment for $310,720 cash.
2. Issued common stock to investors for $138,050 cash.
3. Purchased inventory of $68,620 on account.
Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders' Equity in the right-hand margin.
Assets = Liabilities + Stockholders' Equity
Cash + Inventory + Equipment = Accounts Payable + Common Stock + Retained
Earnings
(1)
(2)
(3)

Answers

Answer:

Assets = Liabilities + Stockholders' Equity = $206,670

Explanation:

Note: See the attached excel file for the analysis of the tabular analysis of the effect of each transaction on the accounting equation.

From the attached excel file, we have:

Assets = = – $172,670 + 68,620 + $310,720 = $206,670

Liabilities = $68,620

Stockholders' Equity =  $138,050

Liabilities + Stockholders' Equity = $68,620 + $138,050 = $206,670

Therefore, we have:

Assets = Liabilities + Stockholders' Equity = $206,670

Effective managers should Question 26 options: convince employees to engage in relationship conflict rather than the other forms of conflict. minimize the relationship conflicts that exist in the organization. remove all forms of conflict from the organization because it saps productivity. increase the amount of conflict among employees.

Answers

Answer: remove all forms of conflict from the organization because it saps productivity.

Explanation:

Effective managers are the managers who ensures that the goals of an organization are achieved as they bring out the best in the employees. They motivate employees and in such case, employees trust them.

Effective managers remove all forms of conflict in an organization. They ensure that the employees in an organization gets along well and there unity among them because this is vital to enhance productivity and improve organizational growth.

Bentwood Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
Beginning work-in-process inventory:
Units in beginning work-in-process inventory 1,700
Materials costs $32,300
Conversion costs $18,700
Percent complete with respect to materials 70%
Percent complete with respect to conversion 25%
Units started into production during the month 8,900
Units transferred to the next department during the month 7,700
Materials costs added during the month $154,600
Conversion costs added during the month $253,900
Ending work-in-process inventory:
Units in ending work-in-process inventory 2,900
Percent complete with respect to materials 80%
Percent complete with respect to conversion 35%
The cost per equivalent unit for conversion costs for the first department for the month is closest to:____.
a. $29.33.
b. $29.00.
c. $31.78.
d. $35.51.

Answers

Answer:

$31.28

Explanation:

Calculation to determine what The cost per equivalent unit for conversion costs for the first department for the month is closest to:

First step is to calculate the Total Conversion Cost

Total Conversion Cost=$253,900+$18,700

Total Conversion Cost=$$272,600

Second step is to calculate the Equivalent Units

Equivalent Units =( 7,700 x 100%) + (1,700 + 8,900 - 7,700 ×35%)

Equivalent Units =( 7,700 x 100%) + (2,900 x 35 %)

Equivalent Units =7,700+1,015

Equivalent Units = 8,715 units

Now let calculate the Cost per Equivalent Units using this formula

Cost per Equivalent Unit = Total Cost ÷ Total Equivalent Units

Cost per Equivalent Unit = $272,600 ÷ 8,715 units

Cost per Equivalent Unit = $31.28

Therefore The cost per equivalent unit for conversion costs for the first department for the month is closest to:$31.28

Marilee's Electronics uses a periodic inventory system and the average cost retail method to estimate ending inventory and cost of goods sold. The following data is available from the company records for the month of June 2021:
Cost Retail Beginning inventory $ 120,000 $ 146,000 Net purchases 383,000 580,000 Net markups 33,000 Net markdowns 51,000 Net sales 600,000
To the nearest thousand, estimated ending inventory is:_______.

Answers

Answer:

$76,680

Explanation:

With regards to the above

Using the cost method

Goods available for sale:

= Beginning inventory + Purchases

= $120,000 + $383,000

= $503,000

Using retail method

Goods available for sale

= Beginning inventory + Purchases + Net markups - Net markdowns

= $146,000 + $580,000 + $33,000 - $51,000

= $708,000

Now, cost to retail ratio

= $503,000 ÷ $708,000

= 0.71

Estimated ending inventory at retail

= Goods available for sale under retail method - Net sales revenue

= $708,000 - $600,000

= $108,000

Therefore, estimated ending inventory = Estimated ending inventory at retail × Cost to retail ratio

= $108,000 × 0.71

= $76,680

The Smoot-Hawley Act, signed into law in 1930, increased U.S. tariffs to an unprecedented level of 53%, causing a sharp decline in U.S. exports. In 1934, however, changes in the U.S. trade policy enabled U.S. manufacturers to resume business with their foreign distributors. Which of the following is the most likely reason for the increase in U.S. exports after these changes?
A. The president received the authority to negotiate bilateral tariff-reduction agreements with foreign governments.
B. The scientific tariff was introduced, which allowed the president to increase tariff levels if foreign production costs were below those of the United States.
C. Congress was given the authority to approve bilateral trade agreements.

Answers

Answer:

A. The president received the authority to negotiate bilateral tariff-reduction agreements with foreign governments.

Explanation:

Since in the given situation it is mentioned that in the year 1934 the change in the trade policy enables the manufactured of U.S to restart their business with the foreign distributors so the reason that would increase the U.S exports would be that the president should received the authority in order to negotiate the agreement with the foreign government with respect to the decrease in the bilaterial tariff

Hence, the option A is corrrect

Kayak Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Kayak Company's production costs for the year were: direct labor, $30,000; direct materials, $50,000; and factory overhead applied $6,000. The predetermined overhead rate was: Multiple Choice 5.0%. 12.0%. 20.0%. 500.0%. 16.7%

Answers

Answer:

Estimated manufacturing overhead rate= 20%

Explanation:

To calculate the predetermined overhead rate, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

6,000= Estimated manufacturing overhead rate*30,000

Estimated manufacturing overhead rate= 6,000 /30,000

Estimated manufacturing overhead rate= $0.2 per direct labor dollar

As a percentage= (0.2/1)*100= 20%

Boss Company reported the following results for the year ended December 31, 2019, its first year of operations: 2019 Income (per books before income taxes) $ 1,500,000 Taxable income 2,500,000 The disparity between book income and taxable income is attributable to a temporary difference which will reverse in 2019. What should Boss record as a net deferred tax asset or liability for the year ended December 31, 2019, assuming that the enacted tax rates in effect are 40% in 2019 and 35% in 2020

Answers

Answer:

$350,000 deferred tax asset.

Explanation:

Calculation to determine What should Boss record as a net deferred tax asset or liability for the year ended December 31, 2019,

Using this formula

December 31, 2019 Net deferred tax asset or liability=Taxable income -2019 Income (per books before income taxes)

Let plug in the formula

December 31, 2019 Net deferred tax asset or liability=(2,500,000 - $ 1,500,000) × 35%

December 31, 2019 Net deferred tax asset or liability= $350,000 deferred tax asset.

Therefore what Boss should record as a net deferred tax asset for the year ended December 31, 2019 is $350,000

On January 1, 2018, ABC purchased a commercial truck for $48,000 and uses the straight-line depreciation method. The truck has a useful life of eight years and an estimated residual value of $8,000. Assume the truck was totaled in an accident on December 31, 2019. What amount of gain or loss should ABC record on December 31, 2019 (If a loss, put a minus number in front)

Answers

Answer:

$38,000 Loss

Explanation:

Calculation to determine What amount of gain or loss should ABC record on December 31, 2019

First step is to calculate the depreciation per year

Depreciation per year =($48,000 − $8,000)/8 years

Depreciation per year= $5,000

Now let determine calculation the book value After two years,

Book value= [$48,000 − ($5,000 × 2 years)]

Book value=$48,000-$10,000

Book value= $38,000 Loss

Therefore the amount of loss that ABC should record on December 31, 2019 is $38,000

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