On discovering an improperly adjusted drill press, Jack Joyner, Director of Quality Control, ordered an inspection of every fifth casting drilled during the evening shift. Less than 1% of the sampled castings were defective; so, Jack released the evening shift's production to assembly. This is an example of _______________.

Answers

Answer 1

Answer:

Inferential statistics

Explanation:

Here, every fifth casting drill during evening shift is selected to identify the defectiveness of the casting. That is, every drill is considered as the sample. It is clear that the inference about the population is made. That is, less than 1% of the casting was defective, hence, it is concluded that is an example of inferential statistics


Related Questions


What term means the unused option when deciding how to use one's
resources.

Answers

Answer:

Opportunity cost

Concord Corporation had the following transactions during 2022: 1. Issued $190000 of par value common stock for cash. 2. Recorded and paid wages expense of $91200. 3. Acquired land by issuing common stock of par value $76000. 4. Declared and paid a cash dividend of $15200. 5. Sold a long-term investment (cost $4560) for cash of $4560. 6. Recorded cash sales of $608000. 7. Bought inventory for cash of $243200. 8. Acquired an investment in Zynga stock for cash of $31920. 9. Converted bonds payable to common stock in the amount of $760000. 10. Repaid a 6-year note payable in the amount of $334400. What is the net cash provided by financing activities

Answers

Answer:

The net cash provided by financing activities -$157,600.

Explanation:

Net cash provided by financing activities refers to the difference between the total cash inflows and total cash outflows from the financing activities section of the cash flow staement.

The net cash provided by financing activities can be calculated by preparing a partial cash flow statement as follows:

Concord Corporation

Net Cash Flow Statement (Partial)

As at December 31, 2022

Details                                                                     Amount    

Par value common stock issued for cash             190,000

Dividend declared and paid in cash                      (15,200)

6-year note payable repaid                                  (334,400)  

Net cash provided by financing activities         (157,600)  

Therefore, the net cash provided by financing activities -$157,600.

Alternatively, the net cash provided by financing activities can be calculated as follows:

Net cash provided by financing activities = Par value common stock issued for cash - Dividend declared and paid in cash - 6-year note payable repaid = $190,000 - $15,200 - $334,400 = -$157,600

When McDonald's sells cheeseburgers in India, there is absolutely no beef or pork used. The McDonald's Menu in India features Indian burgers that are 100 percent vegetarian. India is predominantly a Hindu country, and Hindus are strict in terms of not eating beef because they consider the cow as a holy manifestation of the divinity. This scenario is an example of _______.

Answers

Answer:

This question is incomplete, the options are missing. The options are the following:

a) product innovation

b) product standarization

c) product variation

d) product adaptation

And the correct answer is the option D: Product adaptation.

Explanation:

To begin with, the term of "Product Adaptation" in the field of marketing and management is known to refer as the method that is necessary to use in order to adapt a company's strategy to a target audience that tends to be quite different that the usual audience. So in this case the most important thing to have in mind when applying a strategy like this is that the focus will be in the huge difference that the consumers have according to the regular ones, so when the managers see the difference they will be able to focus on a better product to give the consumers.

AudioCables, Inc., is currently manufacturing an adapter that has a variable cost of $0.60 per unit and a selling price of $1.20 per unit. Fixed costs are $14,000. Current sales volume is 30,000 units. The firm can substantially improve the product quality by adding a new piece of equipment at an additional fixed cost of $6,000. Variable costs would increase to $0.75, but sales volume should jump to 50,000 units due to a higher-quality product. a. What is the current profit and proposed profit of the sales of AudioCables

Answers

Answer:

The answer is "$4,000 and $2,500"

Explanation:

Formula:  

[tex]\text{Profit = Sales - Total cost}[/tex]

[tex]= \frac{\text{Selling price}}{unit} \times \text{volume of Sale} - ( \text{Fixed cost} + \frac{\text{Variable cost}}{unit} \times \text{volume of Sale})[/tex]

[tex]= 1.20 \times 30000 - ( 14,000 + 0.6 \times 30,000)\\\\= 36,000 -( 14,000 + 18,000)\\\\= 36,000 - 14,000 - 18,000 \\\\= 36,000 - 32,000 \\\\= \$ 4,000[/tex]

 The scenario was revised by installing new audio connection equipment:

The volume of revised sales[tex]= 50,000[/tex]

Fixed cost updated [tex]= \$ 41,000 + \$ 6,000 = \$ 20,000[/tex]

Cost of the updated component  [tex]= \frac{\$ 0.75}{unit}[/tex]

Unchanged purchase price/unit [tex]= \frac{\$ 1.2}{unit}[/tex]

[tex]= 1.2 \times 50,000 -(20,000 + 0.75 \times 50,000)\\\\= 60,000 -(20,000 + 37,500)\\\\= 60,000 -(57,500)\\\\= 60,000 -57,500 \\\\ =2,500[/tex]

Audio cable sales are actually profiting = 4,000

Proposal for audio cable sales profit = 2,500

Firms engaging in ------------- with a local company can benefit from a local partner's knowledge of the host country's competitive conditions, culture, language, political systems, and business systems. turnkey projects joint ventures licensing arrangements greenfield investments

Answers

Answer:

B. joint venture

Explanation:

joint venture can be regarded as kind of business arrangement whereby there is agreement between

two or more parties in order to pool their resources together with the aim of accomplishing a particular task. It could be new project or others.

It should be noted that Firms engaging in joint venture with a local company can benefit from a local partner's knowledge of the host country's competitive conditions, culture, language, political systems, and business systems. turnkey projects joint ventures licensing arrangements greenfield investments

General Manufacturing expects to have 40,000 pounds of raw materials inventory on hand on June 30, the end of the current year. The company has budgeted the following production for the first four months of the coming year:
Production (units)
July 100,000
August 120,000
September 150,000
October 110,000
General Manufacturing desires each month's ending raw materials inventory to be 20% of the following month's production needs. A finished unit requires two pounds of raw materials. General Manufacturing's budgeted purchases of materials for September is:
a. 60,000 lbs.
b. 248,000 lbs.
c. 228,000 lbs.
d. 284,000 lbs.
e. 300,000 lbs.

Answers

Answer:

d. 284,000 lbs.

Explanation:

The computation of the budgeted purchase of material for the september month is as follows

= Raw material needed for production + closing stock - opening stock

= (150,000 × 2) + (110,000 × 2 × 20%) - 60,000

= 300,000 + 44,000 - 60,000

= 284,000 lbs

Hence, the budgeted purchase of material for the september month is 284,000 lbs

Presented below is financial information for two different companies. Compute the missing amounts. Sunland Company Coronado Company Sales revenue 88,720 enter a dollar amount (d) Sales returns and allowances enter a dollar amount 12160 (a) 4,850 Net sales 76,560 91,480 Cost of goods sold 52,220 enter a dollar amount (e) Gross profit enter a dollar amount 37710 (b) 37,320 Operating expenses 14,510 24,650 Net income enter a total net income amount (c) 12,670 eTextbook and Media Attempts: 0 of 3 used

Answers

Answer:

1) Cost of goods sold = $54,160

2) Sales Revenue = $96,330

3) Net Income = $23,200

Explanation:

a) Data and Calculations:

                                               Sunland Company  Coronado Company

Sales revenue 88,720 enter a dollar amount (d)

Sales returns and allowances enter a dollar amount 12160 (a) 4,850

Net sales 76,560 91,480

Cost of goods sold 52,220 enter a dollar amount (e)

Gross profit enter a dollar amount 37710 (b) 37,320

Operating expenses 14,510 24,650

Net income enter a total net income amount (c) 12,670

                                               Sunland Company  Coronado Company

Sales revenue                                  $88,720                $96,330 (d)

Sales returns and allowances            12,160                     4,850

Net sales                                           76,560                    91,480

Cost of goods sold                           52,220                   54,160 (e)

Gross profit enter a dollar amount   37,710                   37,320

Operating expenses                          14,510                  24,650

Net income                                    $23,200 (c)            $12,670

Missing figures:

e) (cost of goods sold) = Net sales minus gross profit:

= $91,480 - 37,320 = $54,160

d) (sales revenue) = Sales returns plus Net Sales

= $4,850 + $91,480

= $96,330

c) (net income) = Gross profit minus operating expenses:

= $37,710 - 14,510 = $23,200

The following monthly data pertains to the Amnesty Company: Sales commissions 8,000 Delivery truck depreciation $2,500 Direct labor 45,000 Indirect labor 15,000 Direct materials 30,000 Indirect materials 4,000 Factory electricity and gas 8,000 Factory supervisor salary 12,000 Depreciation of factory building 7,000 Property taxes on corporate headquarters building 16,000 Determine the manufacturing overhead for the month.

Answers

Answer: $46000

Explanation:

The manufacturing overhead for the month will be calculated as:

Indirect labour = $15000

Add: Indirect material = $4000

Add: Factory electricity gas = $8000

Add: Factory supervisor salary = $12000

Add: Depreciation on factory building = $7000

Therefore, the total manufacturing overheads would be gotten by adding the above values together whihc will be equal to $46000.

The next 5 questions use the same below information. Company C had the following investment. Help them determine the financial statement implications of the investment. Tax rate 21% Estimated tax payment 21,000 Investment cost and ending fair values for 20X1 and 20X2: 20X1 20X2 Cost 100,000 100,000 Fair value 110,000 134,000 Total gain 10,000 34,000 20X1 income statement information: Sales 1,670,200 Expenses 1,536,600 What is net income for 20X1 assuming the investment is short-term?

Answers

Answer:

$143,600

Explanation:

Calculation for What is net income for 20X1 assuming the investment is short-term

Using this formula

Net income for 20X1 = Sales – Expenses + Unrealized gain on short-term investments

Let plug in the formula

Net income for 20X1 = $1,670,200 - $1,536,600 + $10,000

Net income for 20X1= $143,600

Therefore the net income for 20X1 assuming the investment is short-term will be $143,600

Which of the following is not true about communisim? 1. it was outlined by Karl Marx in the famous text "Communist Manifesto". 2. It has a weak central government 3. Because the government makes production decisions, there tends to be a lot of shortages and surpluses. 4. There is public ownership of all enterprises.

Answers

Which of the following is not true about communisim? 1. it was outlined by Karl Marx in the famous text "Communist Manifesto". 2. It has a weak central government 3. Because the government makes production decisions, there tends to be a lot of shortages and surpluses. 4. There is public ownership of all enterprises.

5. Microeconomics and macroeconomics Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics Macroeconomics The effect of government regulation on a monopolist's production decisions The effects of the Internet on the pricing of used cars The effect of federal government spending on the national unemployment rate

Answers

Answer:

Microeconomics

Microeconomics

Macroeconomics

Explanation:

Macroeconomics is a branch of economics that studies the economy as a whole. Macroeconomics studies economic aggregates such as inflation, unemployment, GDP and growth rate.

Microeconomics is a branch of economics that studies the decisions individuals and firms make in response to changes in economic factors. These factors include price, resources etc. it studies how firms and individuals allocate and make decisions about resources

Microeconomics: The effect of government regulation on a monopolist's production decisions.

Microeconomics: The effects of the Internet on the pricing of used cars.

Macroeconomics: The effect of federal government spending on the national unemployment rate.

The effect of government regulation on a monopolist's production decisions: This topic would likely be studied in microeconomics. Microeconomics analyzes the behavior of individual firms, and the impact of government regulation on a monopolist's production decisions falls within this domain. The study would explore how government policies and regulations influence the production output, pricing strategies, and market behavior of a monopolist.

The effects of the Internet on the pricing of used cars: This topic would also be studied in microeconomics. The Internet's impact on the pricing of used cars relates to how individual buyers and sellers interact in a specific market. Microeconomics would investigate how the availability of online platforms, increased access to information, and changes in buyer-seller dynamics affect the pricing decisions of used cars.

The effect of federal government spending on the national unemployment rate: This topic would be studied in macroeconomics. Macroeconomics focuses on the overall economy and aggregates like national income, employment, and inflation. The effect of federal government spending on the national unemployment rate is a macroeconomic question that looks at how government expenditures, such as infrastructure projects or stimulus packages, can influence the overall level of unemployment in the country.

To know more about macroeconomics here

https://brainly.com/question/28489802

#SPJ6

Below are several transactions that took place in Seneca Company last year: Paid suppliers for inventory purchases. Bought equipment for cash. Paid cash to repurchase its own stock. Collected cash from customers. Paid wages to employees. Equipment was sold for cash. Common stock was sold for cash to investors. Cash dividends were declared and paid. A long-term loan was made to a supplier. Income taxes were paid to the government. Interest was paid to a lender. Bonds were retired by paying the principal amount due. Required: Indicate how each of the above transaction would be classified on a statement of cash flows. As appropriate, place an X in the Operating, Investing, or Financing column. Also, place an X in the Cash Inflow or Cash Outflow column.

Answers

Answer:

Note: Operating = A, Investing = B, Financing = C,  Cash Inflow column = D, Cash Outflow column = E

                                                                A          B         C         D          E

a. Paid suppliers for inventory               X                                             X

purchases.

b. Bought equipment for cash.                           X                                 X

c. Paid cash to repurchase its                                         X                    X

own stock.

d. Collected cash from customers.         X                                  X

e. Paid wages to employees.                  X                                             X

f. Equipment was sold for cash.                          X                      X

g. Common stock was sold for                                        X          X

cash to investors.

h. Cash dividends were declared                                    X                     X

and paid.

i. A long-term loan was made to                                       X         X        

a supplier.

j. Income taxes were paid to                    X                                              X

the government.

k. Interest was paid to a lender.               X                                              X

l. Bonds were retired by paying                                        X                      X

the principal amount due

Based on this model, households earn income when _______purchase______ in factors markets.
Suppose Eileen earns $600 per week working as a corporate attorney for Rowan and Martin Associates. She uses $8 to buy a box of aspirin at Pillmart Pharmacy. Pillmart Pharmacy pays Clancy $350 per week to work the cash register. Clancy uses $175 to purchase legal service from Rowan and Martin Associates Identify whether each of the following events in this scenario occurs in factor market or the product market.
Event Factor Market Product Market
Clancy earns $350 per week working for Pillmart Pharmacy.
Eileen earns $600 per week working for Rowan and Martin Associates
Clancy spends $175 to purchase legal service from Rowan and Martin Associates.
Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs.
a. The $350 per week Clancy earns working for Pillmart Pharmacy
b. The $175 Clancy spends to purchase legal service from Rowan and Martin Associates
c. The aspirin Eileen receives
d. Eileen's labor

Answers

Answer:

Based on this model, households earn income when FIRMS purchase SERVICES in factors markets.

Identify whether each of the following events in this scenario occurs in factor market or the product market.

Event Factor Market Product Market

Clancy earns $350 per week working for Pillmart Pharmacy. FACTOR MARKET

Eileen earns $600 per week working for Rowan and Martin Associates FACTOR MARKET

Clancy spends $175 to purchase legal service from Rowan and Martin Associates. PRODUCT MARKET

Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs.

b. The $175 Clancy spends to purchase legal service from Rowan and Martin Associates PRODUCT MARKET, HOUSEHOLD PURCHASES PRODCUTS

d. Eileen's labor FACTOR MARKET, HOUSEHOLDS SELL SERVICES TO FIRMS

Your SWOT analysis reveals no obvious options for growth with your current product lines. So you decide to use some retained earnings the firm has been saving and launch new product lines. After careful analysis you decide to launch a line of battery chargers and, separately, a line of ceiling fans. Which corporate-level strategy are you pursuing

Answers

Answer:

Unrelated diversification.

Explanation:

Analyzing the information above, it is correct to say that the company is using the corporate level strategy of unrelated diversification.

This strategy occurs when a company decides to expand its product line by diversifying products that are not related to each other, as is the case above, where it is intended to launch a line of battery chargers and separately a line of ceiling fans. As these products do not correlate, the company is looking to start its activities in different types of market, which can be configured as a positive strategy for market gain and greater profitability for the company.

Suppose the United States has two​ utilities, Commonweath Utilities and Consolidated Electric. Both produce 20 million tons of sulfur dioxide pollution per year.​ However, the marginal cost of reducing a ton of pollution for is ​$ per ton and the marginal cost of reducing a ton of pollution for is ​$ per ton. The​ government's goal is to cut sulfur dioxide pollution in half​ (by 20 million tons per​ year). If the government issues 10 million tradable pollution permits to each​ utility, what will be the cost of eliminating half of the pollution to​ society?

Answers

Answer:

​$4,000 million per year

Explanation:

Calculation for what will be the cost of eliminating half of the pollution to​ society

Cost of eliminating = (200 per ton x 20 million tons)

Cost of eliminating = ​$4,000 million per year.

Therefore the cost of eliminating half of the pollution to​ society will be ​$4,000 million per year.

Someone offers to buy your old Ford F-150 truck for 4 equal annual payments, beginning 2 years from today. If you think that the present value of your Ford Truck is only $9,000 and you assume the interest rate is 10%, which one of the below would be the minimum annual payment that youâ d be willing to accept? $2,839.24 $3,435.48 $3,123.16 $2,250

Answers

Answer:

$3,123.16

Explanation:

The computation of the minimum annual payment is as follows:

Given that

RATE = 10%

NPER = 10%

PV = $9,000 × (1 + 0.1) = $9,900

FV = $0

The formula is shown below:

= PMT(RATE,NPER,-PV,FV,TYPE)

After applying the above formula, the monthly payment is $3,123.16

Suds and Duds Laundry washed and pressed the following number of dress shirts per​ week:

Week Work Crew Total Hours Shirts
1 Sud and Dud 24 168
2 Sud and Jud 46 130​
3 Sud, Dud, and Jud 62 162
​4 Sud, Dud, and Jud 51 125
5 Dud and Jud 45 131

Required:
For the given​ information, the labor productivity per hour for each week is ​(enter your responses rounded to two decimal ​places)​:________

Answers

Answer and Explanation:

The computation of the labor productivity per hour for each week is shown below:

As we know that

Labor productivity = Total shirts ÷ Total hours

For week 1

= 168  ÷  24

= 7 shirts per hour

For Week 2

= 130  ÷  46

= 2.83 shirts per hour

For Week 3

= 162  ÷  62

= 2.61 shirts per hour

For Week 4

= 125  ÷  51

= 2.45 shirts per hour

For Week 5

= 131  ÷  45

= 2.91 shirts per hour

On January 1, 2013, Springs Industries issued $18,000,000 of 10% ten-year bonds at 102. The bonds are callable at the option of Springs at 104. Springs pays interest annually and has recorded amortization of the bond premium on the straight-line method (which was not materially different from the effective-interest method). On December 31, 2019, Springs called in $6,000,000 of the bonds. Ignoring income taxes, Springs should report a gain or loss of:_________

Answers

Answer:

Springs should report a loss of $204,000

Explanation:

To be redeemed Premium on bonds payable = 6,000,000 * 2% = $120,000

The amortization of bond premium (annual) = 120,000/10 = $12,000

Bonds premium amortized in 7 years (From 2013 to 2019) = 12,000 * 7 = $84,000

Unamortized bond premium = 120,000 - 84,000 = $36,000

Carrying value of bonds = Face value of the bonds + un-amortized bond premium at the redemption date = 6,000,000 + 36,000 = $6,036,000

Redemption price of bonds = 6,000,000 * 104% = $6,240,000

Loss on bonds redemption = Redemption price - Carrying value of bonds = 6,240,000 - 6,036,000 = $204,000. So, Springs should report a loss of $204,000.

Use two correctly labeled side-by-side graphs of the loanable funds market in the United States and China to show how a higher interest rate in the United States will lead to capital flows between the two countries. On your graphs, be sure to label the equilibrium interest rate in each country in the absence of international cap- ital flows, the international equilibrium interest rate, and the size of the capital inflows and outflows.

Answers

Answer:

Figure is given below.

Explanation:

The graph of United states and china is as follows :

Equilibrium is a condition in which market demand and supply or market forces are balanced, resulting in steady prices. Demand and supply balance each other out, resulting in a condition of equilibrium.

The international interest rate of equilibrium is set at 4%. The chart also shows capital inflows and outflows, as well as the United States and China's off-balance interest rates.

The image is attached below to show the equilibrium graphs.

For more information regarding US and China equilibrium, refer to the link:

https://brainly.com/question/6870263

As operations manager, you are concerned about being able to meet sales requirements in the coming months. You have just been given the following production report:
JAN FEB MAR APR
Units produced 2,195 1,695 2,695 2,895
Hours per machine 310 188 385 309
Number of machines 4 6 5 4
Find the average of the monthly productivity figures (units per machine hour). (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Answers

Answer:

The average of the monthly productivity figures (units per machine hour):

                                      JAN        FEB       MAR       APR

Units produced            2,195      1,695    2,695     2,895

Total machine hours   1,240       1,128      1,925     1,236

Average productivity   1.77        1.50        1.40      2.34

Explanation:

a) Data and Calculations:

Production report:

                                      JAN        FEB       MAR       APR

Units produced            2,195      1,695    2,695     2,895

Hours per machine        310          188        385        309

Number of machines        4              6            5            4

Total machine hours  1,240        1,128      1,925     1,236

b) Productivity, according to Organization for Economic Co-operation and Development (OECD), is the ratio between the output volume and the volume of inputs.  This means that productivity measures compute how efficiently production inputs are used to produce output.  It can be measured with respect to labor, capital, and other production inputs or in aggregate with respect to all production inputs.

According to your analytics reading, ________________________ shows you how many pages on your site that have received a visit from organic search results. This is a good way to see which pages search engines are picking up. This helps you understand if your SEO code is working, and if your content is robust enough for search engines to understand.

Answers

Answer:

Indexed pages

Explanation:

Search engine optimisation is the way by which websites are improved so that search engines are able to rank their content higher in search results.

Ranking is done by how relevant the website content is to the search query inputted by a user.

Search engines are constantly searching through websites and indexing web pages that meet its requirements for relevant content. This makes up indexed pages from websites.

Organic search are queries inputted by users and not influenced by payed advertisements. They lead to indexing of pages.

This is a good measurement of how effective optimisation of websites is.

The trial balance of Blues Traveler Corporation does not balance.

Debit Credit
Cash $5,912
Accounts Receivable 5,240
Supplies 2,967
Equipment 6,100
Accounts Payable $7,044
Common Stock 8,000
Retained Earnings 2,000
Service Revenue 5,200
Office Expense 4,320
$24,539 $22,244

An examination of the ledger shows these errors.

1. Cash received from a customer on account was recorded (both debit and credit) as $1,790 instead of $2,060.
2. The purchase on account of a computer costing $3,088 was recorded as a debit to Office Expense and a credit to Accounts Payable.
3. Services were performed on account for a client, $2,460, for which Accounts Receivable was debited $2,460 and Service Revenue was credited $435.
4. A payment of $305 for telephone charges was entered as a debit to Office Expense and a debit to Cash.
5. The Service Revenue account was totaled at $5,410 instead of $5,490.

Required:
From this information prepare a corrected trial balance.

Answers

Answer:

Blues Traveler Corporation

Adjusted Trial Balance

Accounts Titles           Debit       Credit

Cash                          $5,572

Accounts Receivable 4,970

Supplies                     2,967

Equipment                  9,188

Accounts Payable                      $7,044

Common Stock                           8,000

Retained Earnings                      2,000

Service Revenue                        7,305

Office Expense        1,232

Suspense                   420

Totals                 $24,349     $24,349

Explanation:

Unadjusted Closing Trial Balance

Accounts Titles           Debit       Credit

Cash                          $5,912

Accounts Receivable 5,240

Supplies                     2,967

Equipment                  6,100

Accounts Payable                      $7,044

Common Stock                           8,000

Retained Earnings                      2,000

Service Revenue                        5,200

Office Expense        4,320

Totals                  $24,539     $22,244

Correction of errors:

1. Understatement of cash received by $270

This will increase Cash by $270 and Accounts Receivable will be reduced by $270

Debit Cash $270

Credit Accounts Receivable $270

To correct the error above.

2. This is error of commission:

Office expenses are overstated and Equipment understated by $3,088 respectively.

Debit Equipment $3,088

Credit Office expense $3,088

To correct the error.

3. Service Revenue will be increased by $2,025 ($2,460 - $435)

4. Cash will be reduced by $610 ($305 * 2)

5. Service Revenue will be increased by $80 ($5,490 - $5,410).

Cash:

As per Trial Balance $5,912

1. Accounts receivable 270

4, Reduction                (610)

Adjusted balance   $5,572

Accounts Receivable

As per Trial Balance $5,240

1. Cash                           (270)

Adjusted balance     $4,970

Equipment:

As per Trial Balance $6,100

2. Office expenses    3,088

Adjusted balance    $9,188

Office Expenses:

As per Trial Balance $4,320

2. Equipment             (3,088)

Adjusted balance     $1,232

Service Revenue

As per Trial balance $5,200

3.  addition                  2,025

5.  addition                       80

Adjusted balance    $7,305        

Identify the incorrect statement about trade barriers. They may limit a firm's ability to serve a country from locations outside of that country. To conform to local content regulations, a firm may have to locate more production activities in a given market than it would otherwise. They may put a firm at a competitive advantage to indigenous competitors. They raise the costs of exporting products to a country.

Answers

Answer:

They may put a firm at a competitive advantage to indigenous competitors

Explanation:

Trade barriers is when the government put up barriers to import. The goal of this is to increase local production of goods and services.

Trade barriers can be in the form of quotas or import taxes

Trade barriers makes the import of goods more expensive and this discourages imports

choosing a computer that costs_____ instead of one that cost ____
means that youll have less money available for other purchases
a 1700 1900
b 1700 1800
c 1800 1700
d 1800 1900

Answers

The correct answer is C, no doubt
1800 1700 because the first number is bigger so it only makes scense

On January 2, 2014, a calendar-year corporation sold 8% bonds with a face value of $1,500,000. These bonds mature in five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for $1,384,000 to yield 10%. Using the effective-interest method of computing interest, how much should be charged to interest expense in 2014

Answers

Answer:

$69,660

Explanation:

Calculation for how much should be charged to interest expense in 2014 Using the effective-interest method of computing interest

2014 Interest expense =($1,384,000 × .05) =

2014 Interest expense=[$1,384,000 + ($1,384,000 × .05 - $60,000)] × .05

2014 Interest expense=[$1,384,000 + ( $69,200- $60,000)] × .05

2014 Interest expense=[$1,384,000 +$9,200] × .05

2014 Interest expense=$1,393,200×0.05

2014 Interest expense=$69,660

Therefore Using the effective-interest method of computing interest, how much should be charged to interest expense in 2014 is $138,860

Mrs. Sarr operates a business in a competitive market. The current market price is $8.10. At her profit-maximizing level of production, the average variable cost is $8.00, and the average total cost is $8.25. Mrs. Sarr should shut down her business in the short run but continue to operate in the long run.
A. True
B. False

Answers

Answer:

B. False

Explanation:

Given that

Current market price = $8.10

Average variable cost = $8

And, the average total cost = $8.25

As we can see that the current market price is more than the average variable cost so it would be operate in the short run

Also the total cost is more than the current market price so it would be shut down in the long run

Therefore the given statement is false

Prepare Krum Co.'s journal entries to record the following transactions involving its short-term investments in available-for-sale debt securities, all of which occurred during the current year. a. On August 1, paid $70,000 cash to purchase Houtte's 11%, six-month debt securities ($70,000 principal), dated August 1. b. On October 30, received a check from Houtte for 90 days' interest on the debt securities in transaction a

Answers

Answer and Explanation:

The journal entries are shown below:

On Aug 1

Short­-term investments $70,000  

        To Cash $70,000

(Being the short term investment is recorded)

Here short term investment is debited as it increased the asset and credited the cash as it decreased the asset

On Oct 30

Cash ($70,000 × 11% × 90 days ÷ 360 days) 1,925  

       To Interest revenue $1,925

(Being the interest revenue is recorded)

here cash is debited as it increased the asset and credited the interest revenue as it also increased the revenue

Here we assume 360 days in a year

The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. Issued 48,000 shares of common stock in exchange for $480,000 in cash. Purchased equipment at a cost of $58,000. $19,000 cash was paid and a notes payable to the seller was signed for the balance owed. Purchased inventory on account at a cost of $114,000. The company uses the perpetual inventory system. Credit sales for the month totaled $210,000. The cost of the goods sold was $88,000. Paid $6,800 in rent on the warehouse building for the month of March. Paid $7,800 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021. Paid $88,000 on account for the merchandise purchased in 3. Collected $73,000 from customers on account. Recorded depreciation expense of $2,800 for the month on the equipment. Post the above transactions to the below T-accounts. Assume that the opening balances in each of the accounts is zero. Prepare a trial balance from the ending account balances.

Answers

Answer:

Wainwright Corporation

1. T-accounts:

Cash

Accounts Titles                  Debit     Credit

Common stock             $480,000

Equipment                                        $19,000

Rent Expense                                      6,800

Prepaid insurance                               7,800

Accounts payable                             88,000

Accounts receivable        73,000

Balance                                         $431,400

Common Stock

Accounts Titles                  Debit     Credit

Cash                                               $480,000

Equipment

Accounts Titles                  Debit     Credit

Cash                                $19,000

Notes payable                  39,000

Balance                                          $58,000

Notes Payable

Accounts Titles                  Debit     Credit

Equipment                                      $39,000

Inventory

Accounts Titles                  Debit     Credit

Accounts payable            $114,000

Cost of goods sold                           $88,000

Balance                                               26,000

Accounts Payable

Accounts Titles                  Debit     Credit

Inventory                                          $114,000

Cash                                  $88,000

Balance                               26,000

Cost of Goods Sold

Accounts Titles                  Debit     Credit

Inventory                          $88,000

Sales Revenue

Accounts Titles                  Debit     Credit

Accounts receivable                      $210,000

Accounts Receivable

Accounts Titles                  Debit     Credit

Sales revenue                $210,000

Cash                                                    $73,000

Balance                                                137,000

Rent Expense

Accounts Titles                  Debit     Credit

Cash                                  $6,800

Prepaid Insurance

Accounts Titles                  Debit     Credit

Cash                                  $7,800

Depreciation Expense

Accounts Titles                    Debit     Credit

Accumulated depreciation $2,800

Accumulated Depreciation - Equipment

Accounts Titles                  Debit     Credit

Depreciation Expense                     $2,800

2. Trial Balance

As of April 30, 2021:

Accounts Titles              Debit          Credit

Cash                            $431,400

Common stock                                 $480,000

Equipment                     58,000

Notes payable                                      39,000

Inventory                       26,000

Accounts payable                                26,000

Cost of goods sold       88,000

Sales revenue                                    210,000

Accounts receivable   137,000

Rent expense                 6,800

Prepaid insurance          7,800

Depreciation expense   2,800

Accumulated depreciation                   2,800

Totals                       $757,800       $757,800

Explanation:

To prepare T-accounts, just follow a simple step by posting each transaction to two accounts or more as the case may.  After all transactions have been posted, balance the accounts by identifying the differences between the two sides of each account.  Use the balances (where only one transaction is recorded in an account, that becomes the balance) to extract the Trial Balance.

In 2016, Gruman uses the machine for 1,700 hours and produces 40,000 units. In 2017, Gruman uses the machine for 1,200 hours and produces 34,000 units. If required, round your final answers to the nearest dollar. Required: Compute the depreciation for 2016 and 2017 under each of the following methods:

Answers

Answer:

Answer is explained in the explanation section below.

Explanation:

Note: This question is not complete and lacks necessary data and requirements to solve. However, I have found a similar question on the internet and will be using its data to solve for this question. Furthermore, it has not given the name of methods, so I will be solving for two methods, which are:

1. Straight Line Method

2. Sum of the years depreciation Method.

Solution:

Data Missing:

Machine Price = $198,000

Service Life = 5 years or 10,000 hours

Production = 180,000 units

Residual Value = $18000

Now, the data is complete and can be solved for the above mentioned methods of depreciation.

1. Straight Line Method:

As we know,

Asset Cost = $198,000

Residual Value = $18000

Life in Years = 5

Depreciation:

Formula for Straight Line Depreciation is:

(Asset Cost - Residual Value)/life in years

Plugging in the values:

Depreciation = ($198,000 - $18000)/5

Depreciation = $180,000/5

Depreciation = 36000

It will be same for both the years 2016 and 2017 as well.

2. Sum of the years Depreciation Method:

For this, we need to have the depreciable asset value:

Depreciable Asset Value = (Asset Value - Residual Value)

Depreciable Asset Value = ($198,000 - $18000)

Depreciable Asset Value = $180,000

Sum of the years for 2016

Number of years for 2016 = 5

Sum = 5 + 4 + 3 + 2 + 1 = 15

Number of years for 2017 = 4

So, the formula for depreciation is:

(Number of years for 2016/Sum of Years) x depreciable Asset Value

(5/15) x 180,000 = 60,000

Similarly, for 2017

(Number of years for 2017/Sum of Years) x depreciable Asset Value

(4/15) x 180,000 = 48,000

Hence,

1. Straight Line Method:

Depreciation for 2016  = 36000

Depreciation for 2017  = 36000

2. Sum of the years Depreciation Method:

Depreciation for 2016  = 60,000

Depreciation for 2017  = 48,000

Claremore Industries uses a weighted-average process-costing system. All materials are added at the beginning of the process; conversion costs are incurred evenly throughout production. The company finished 40,000 units during the period and had 15,000 units in progress at year-end, the latter at the 40% stage of completion. Total material costs amounted to $220,000; conversion costs were $414,000. The cost of the ending work in process is:

Answers

Answer: $78000

Explanation:

First, we have to calculate the total.costnoer equivalent unit which will be the addition of the material cost per unit and the conversion cost per unit. This will be:

Material cost per unit = $220,000 / (40,000+15,000)

= $220,000 / 55000

= $4

Conversion cost per unit= $414,000 / (40,000 + (15,000*40%)

= $414000 / 46000

= $9

Therefore, total cost per equivalent unit will be: $4 + $9 = $13

Then, the equivlant unit of the ending work in process would be calculated as:

= 15,000 × 40%

= 15000 × 40/100

= 15000 × 0.4

= 6,000

The cost of the ending work in process will then be:

= 6,000 × $13

= $78,000

Other Questions
A formula unit is defined as the lowest whole number ratio ofthe ions present in an ionic compound. The formula unit of anionic compound is always an empirical formula.What is the formula unit of barium fluoride? Evaluate the function. f(x)=4x^2+10 find f(-2) Which statement best identifies the meaning of this allusion? After Harriet Tubman escaped from slavery, she became a skilled guide on the underground railroad, Harriet Tubman was a Moses of her time.A. She was born into a high social status.B. She was found comfort in religion.C. She was reckless and foolish.D. She led her people to freedom. Which expression represents the phrase: 8 less than the product of 6 and a number, x? find the missing side length I will give brainliest to first correct answer Pls hurry and help I been on this for the past ........ I forgot but pls help Cleavage refers to the way a rock: A. shineB. breaksC. streaksD. is made Why are 75% of Earth's volcanoes in the Pacific Ring of Fire? What are winds that blow in a certain direction most of the time and can produce surface currents called?ocean windssurface windsthe Coriolis effectprevailing winds What is the mass of 6.02 x 1023 particles of rubidium carbonate one word thats related to gym/health What city did Spain make the center of government when they ruled much of South America? Mexico City Arequipa Lima Cuzco What was the Slave Trade Clause? Im having a crisis so please help 7x-19 What type of solution represents the system x + y = 8 2x + 2y = 16 Which correlation does the two-way table suggest? When the expression10x^2/2x^6is simpified what is the value left in the denominator? True or false: The oceans influence earths atmosphere? The perimeter of a rectangular meadow is 1004 m. Whatwill be the sum of the length and breadth of the meadow ? A car covers a distance of 22.75 km in 17.04 minutes. Use dimensional analysis to calculate its speed in meters/second. Do not enter units in your answer.Round to the tenths place or further.