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 1

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


Related Questions

Sue views hot dogs (H) and hot dog buns (B) as perfect complements in her consumption, and the corners of her indifference curves follow the 45-degree line: H-B. Suppose the price of hot dogs is $5 per package (8 hot dogs), the price of buns is $3 per package (8 hot dog buns), and Sue's budget is $48 per month. What is her optimal choice under this scenario?
A. 6 packages of hot dogs and 6 packages of buns.
B. 6 packages of hot dogs and 8 packages of buns.
C. 8 packages of hot dogs and 8 packages of buns.
D. 8 packages of hot dogs and 6 packages of buns.

Answers

Answer:

A

Explanation:

a budget constraint is the total amount of goods and services an individual can buy given the price of the products and the income of the consumer.

Sue is constrained by her income. Thus, she must spend within $48

The equation for this is :

$5H + $3B = $48

where  

H = hot dogs

B = Hot dog buns

(5 x 6 ) + (3 x 6 ) = $48

Concord Company sells televisions at an average price of $887 and also offers to each customer a separate 3-year warranty contract for $93 that requires the company to perform periodic services and to replace defective parts. During 2020, the company sold 318 televisions and 238 warranty contracts for cash. It estimates the 3-year warranty costs as $22 for parts and $42 for labor, and accounts for warranties separately. Assume sales occurred on December 31, 2020, and straight-line recognition of warranty revenues occurs.

Required:
a. Record any necessary journal entries in 2014:
b. What liability relative to these transactions would appear on the December 31, 2014, balance sheet and how would it be classified? In 2015, Dos Passos Company incurred actual costs relative to 2014 television warranty sales of $2,000 for parts and $4,000 for labor.
c. Record any necessary journal entries in 2015 relative to 2014 television warranties.
d. What amounts relative to the 2014 television warranties would appear on the December 31, 2015, balance sheet and how would they classified?

Answers

Answer:

A. Dr Cash 304,200

Cr Sales Revenue 282,066

Cr Unearned Warranty Revenue 22,134

Explanation:

A. Preparation of entry to Record any necessary journal entries in 2014:

Dr Cash 304,200

,(282,066+22,134)

Cr Sales Revenue 282,066

($887*318)

Cr Unearned Warranty Revenue (238*93)22,134

Joanna is a Master Sergeant in the U.S. Air Force. In June of 2019, her duty station changed from Offutt Air Force Base in Nebraska to Lackland Air Force Base in Texas. She drove 918 miles and spent $1,300 to move her household items. Joanna also incurred costs of $880 when she sold her home in her former city. Included on her Form W-2, in box 12, is code P for $1,484. Joanna's moving expenses adjustment is

Answers

Answer:

$1,300

Explanation:

Based on the information given we were told that She drove 918 miles in which spent the amount of $1,300 to move all her household items which simply means that her moving expenses adjustment will be the amount of $1,300 which was the amount spent to move her household items from Nebraska to Texas.

Therefore Joanna's moving expenses adjustment is $1,300.

are capital markets also organisational markets?​

Answers

Answer:A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold.[6] Capital markets channel the wealth of savers to those who can put it to long-term productive use, such as companies or governments making long-term investments.[a] Financial regulators like Securities and Exchange Board of India (SEBI), Bank of England (BoE) and the U.S. Securities and Exchange Commission (SEC) oversee capital markets to protect investors against fraud, among other duties.

Modern capital markets are almost invariably hosted on computer-based electronic trading platforms; most can be accessed only by entities within the financial sector or the treasury departments of governments and corporations, but some can be accessed directly by the public. As an example, in the United States, any American citizen with an internet connection can create an account with TreasuryDirect and use it to buy bonds in the primary market, though sales to individuals form only a tiny fraction of the total volume of bonds sold. Various private companies provide browser-based platforms that allow individuals to buy shares and sometimes even bonds in the secondary markets. There are many thousands of such systems, most serving only small parts of the overall capital markets. Entities hosting the systems include stock exchanges, investment banks, and government departments. Physically, the systems are hosted all over the world, though they tend to be concentrated in financial centres like London, New York, and Hong Kong.

Explanation:

Ricky’s Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash $ 6,800 Accounts Payable $ 12,600 Accounts Receivable 32,750 Deferred Revenue (deposits) 3,250 Supplies 1,850 Notes Payable (long-term) 45,500 Equipment 14,500 Common Stock 7,500 Land 10,050 Retained Earnings 17,300 Building 20,200 Following are the January transactions: Received a $870 deposit from a customer who wanted her piano rebuilt in February. Rented a part of the building to a bicycle repair shop; $355 rent received for January. Delivered five rebuilt pianos to customers who paid $12,775 in cash. Delivered two rebuilt pianos to customers for $6,400 charged on account. Received $5,300 from customers as payment on their accounts. Received an electric and gas utility bill for $675 for January services to be paid in February. Ordered $945 in supplies. Paid $1,750 on account in January. Paid $11,000 in wages to employees in January for work done this month. Received and paid cash for the supplies in (g). Post the journal entries to the T-accounts. Show the unadjusted beginning and ending balances in the T-accounts

Answers

Answer:

Ricky’s Piano Rebuilding Company

Cash

Account Titles              Debit     Credit

Beginning Balance    $ 6,800

Deferred Revenue          870

Rent Revenue                 355

Service Revenue        12,775

Accounts Receivable  5,300

Accounts Payable                        $1,750

Wages Expense                           11,000

Balance                                     $13,350

Totals                       $26,100   $26,100

Accounts Receivable

Account Titles              Debit     Credit

Beginning Balance   $32,750

Service Revenue          6,400

Cash                                           $5,300

Balance                                    $33,850

Totals                       $39,150   $39,150

Supplies

Account Titles              Debit     Credit

Beginning Balance    $1,850

Equipment

Account Titles              Debit     Credit

Beginning Balance   $14,500

Building

Account Titles              Debit     Credit

Beginning Balance   $20,200

Land

Account Titles              Debit     Credit

Beginning Balance   $10,050

Utilities Expense

Account Titles              Debit     Credit

Accounts Payable        $675

Wages Expense

Account Titles              Debit     Credit

Cash                             $11,000

Accounts Payable

Account Titles              Debit     Credit

Beginning Balance                     $12,600

Cash                            $1,750

Balance                       10,850

Totals                        $12,600   $12,600

Deferred Revenue (deposits)

Account Titles              Debit     Credit

Beginning Balance                     $3,250

Cash                                                 870

Balance                       $4,120

Totals                          $4,120    $4,120

Rent Revenue

Account Titles              Debit     Credit

Cash                                              $355

Service Revenue

Account Titles              Debit     Credit

Cash                                           $12,775

Accounts Receivable                   6,400

Balance                      $19,175

Totals                         $19,175   $19,175

Notes Payable (long-term)

Account Titles              Debit     Credit

Beginning Balance                     $45,500

Common Stock

Account Titles              Debit     Credit

Beginning Balance                     $7,500

Retained Earnings

Account Titles              Debit     Credit

Beginning Balance                    $17,300

Explanation:

a) Data and Calculations:

Beginning Balance Sheet

As of January 1, Year 2:

Cash                          $ 6,800

Accounts Receivable 32,750

Supplies                        1,850

Equipment                  14,500

Building                     20,200

Land                           10,050  

Accounts Payable                  $ 12,600

Deferred Revenue (deposits)    3,250

Notes Payable (long-term)      45,500

Common Stock                          7,500

Retained Earnings                    17,300

Totals                     $86,150   $86,150

The journal entries to record the January transactions for Ricky's Piano Rebuilding Company are as follows. The unadjusted beginning and ending balances for the accounts are also shown in Sheet 1.

A journal entry is used to record a business transaction in the accounting records of a business.

A journal entry is usually recorded in the general ledger; alternatively, it may be recorded in a subsidiary ledger that is then summarized and rolled forward into the general ledger. The general ledger is then used to create financial statements for the business.

Here are the journal entries to record the January transactions for Ricky's Piano Rebuilding Company:

Attached is sheet 1.

Unadjusted Beginning and Ending Balances are shown in Sheet 2 attached.

Ending Balances:

The ending balance is the net residual balance in an account. It is usually measured at the end of a reporting period, as part of the closing process. An ending balance is derived by adding up the transaction totals in an account and then adding this total to the beginning balance.

Learn more about journal entries, here:

https://brainly.com/question/33095859

#SPJ6

A table for a monthly bank reconciliation dated September 30 is given below. For each item 1 through 12, indicate whether the item should be added to or subtracted from the book or bank balance, and whether it should or should not appear on the reconciliation.

a. The company hired a new treasurer
b. Deposit made on September 30 after the bank dosed.
c. Bank fees for Check printing are not yet recorded by the company.
d. Checks written and mailed to payees on October 2.
e. A note receivable is collected by the bank for the company but not yet recorded by the company
f. NSF check shown on bank statement but not yet recorded by company.
g. Interest earned on the account
h. Deposit mace on September 5 and processed by bank on September 6.
i. Check written by another depositor but charged against this company's account.
j. Bank service charge.
k. Checks outstanding on August 31 that cleared the bank in September.
l. Check written against the company's account and cleared by the bank; erroneously not recorded by the company's record-keeper

Answers

Answer:

    Bank            Book Balance        Shown or not shown

    balance                                    on reconciliation

a.    NA                  NA-NA                 Not shown  

b     Added            NA-NA                 Shown  

c     NA              Subtract-CR             Shown

d     NA                 NA-NA                  Not shown  

e     NA               Added-DR              Shown

f      NA              Subtract-CR            Shown  

g     NA               Added-Dr               Shown  

h      NA                NA-NA                  Not shown  

i       Added          NA-NA                  Shown

j       NA              Subtract-CR            Shown  

k      NA                NA-NA                  Not shown  

l       NA              Subtract- CR           Shown  

The accounting equation elements and their balances of Awesome Travel Services at December 31 are listed below. There were no additional investments or withdrawals by J. Trendsetter during the year.
Accounts payable $12,000 J. Trendsetter, capital
(January 1) $10,000
Accounts receivable 14,000 Supplies 1,000
Cash 18,000 Income taxes expense 1,300
Computer equipment 21,000 Utilities expense 8,000
Fees earned 78,000 Wages expense 25,000
Rent expense 10,000 Supplies expense 1,700
Prepare an income statement, statement of owner's equity and a balance sheet as of December 31.

Answers

Answer:

A. $32,000

B. $42,000

C. $54,000

Explanation:

A.Preparation of an income statement

J. Trendsetter Income StatementFor the Year Ended December 31

Fees earned$78,000

Less Operating expenses:

Wages expense$25,000

Rent expense10,000

Utilities expense8,000

Supplies expense1,700

Income taxes expense1,300

Total expenses 46,000

Net income$32,000

($78,000-46,000)

Therefore Income StatementFor the Year Ended December 31 will be $32,000

B. Preparation of statement of owner's equity

J. Trendsetter Statement of owners equity

As at December 31

J. Trendsetter, Capital 1/1 $10,000

Add Net income $32,000

Capital 12/31 $42,000

Therefore Statement of owners equity

As at December 31 will be $42,000

C.Preparation of balance sheet as of December 31.

J. Trendsetter Balance Sheet

As at December 31

ASSETS

Computer Equipment 21,000

Accounts Receivable 14,000

Supplies 1,000

Cash 18,000

Total Assets $54,000

Liabilities and Owner's Equity

CURRENT LIABILITIES

Accounts Payable $12,000

Owner's Equity $42,000

Total liabilities and owner's equity $54,000

Therefore balance sheet as of December 31 for both Total Assets and Total Liabilities will be $54,000

Brief Exercise 1-1 (Algo) Accrual accounting [LO1-2] Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from customers, $290,000; Cash paid for rent, $30,000; Cash paid to employees for services rendered during the year, $110,000; Cash paid for utilities, $40,000. In addition, you determine that customers owed the company $50,000 at the end of the year and no bad debts were anticipated. Also, the company owed the gas and electric company $1,000 at year-end, and the rent payment was for a two-year period. Calculate accrual net income for the year.

Answers

Answer:

Net Income for the year is $174,000

Explanation:

Net Income Calculation for the year is done below:

Particulars                                                            $

Revenues (290,000 + 50,000)                      340,000

Less: Rent (30,000 / 2)                                    (15,000)

Less: Salaries                                                   (110,000)

Less: Utilities (40,000 + 1,000)                        (41,000)

Net Income                                                        174,000

Please note the following with regard to the calculation done above:

Revenue includes both the cash collected from customers and cash owed by the customers, which received later on at the end of the year.Rent has been divided by two, this is due to the fact that calculation of  net income is done for the current period so only one year rent is taken.Utilities include cash paid for utilities and the amount company owed to gas & electric company.

What are the five components of internal control briefly explain each component?

Answers

Answer: The five components of internal control are control environment, risk assessment, control activities, information and communication, and monitoring.

Explanation:

The five components of internal control are control environment, risk assessment, control activities, information and communication, and monitoring.

Control environment; is also known as internal control environment. These are set of standards and structures that guides the basis of carrying out internal control within an organization. It is the awareness, attitude and action of the management team regarding internal control and it's relevance to the organization

Risk assessment is used to describe the process and method of identifying hazard and risk which have potentials to raise harm in an environment

Control activities are policies, techniques and procedures that are pit in place to manage or reduce risk in an environment. Their actions carried out to minimize or limit risk in an environment

Information and communication is a method of information being passed through systems by means of communication. To place everyone involved in the system enlightened by communicating properly to them.

Monitoring is the act of observing a process to control both success and failure that may tend to arise within the process.

what are the 6 critcal elements of a successful business

Answers

BUSINESS PLANNING. This is the start of all activities. ...
FINANCIAL MANAGEMENT. Profitable, sustainable growth can only happen with a solid understanding of your numbers. ...
MARKETING. ...
BUILDING A TEAM. ...
CUSTOMER SERVICE STRATEGY. ...
SALES & ESTIMATING. ...
CONTINUOUS IMPROVEMENT.
found a list of 7...

Answer:

Capital

Invest ment

Skilled manpower

High quality products

Machinery

Raw materials

If a firm is to capture all consumer surplus with twopart pricing when customers are different A. it must set unit price below marginal cost. B. it must set unit price above marginal cost. C. it cannot charge different prices for access fees. D. it must be able to charge different access fees.

Answers

Answer: D. it must be able to charge different access fees.

Explanation:

Two part pricing refers to the charging of two prices for access to a service which are a fixed price(lumpsum) and a variable price for every unit used.

If one wants to capture all consumer pricing with this strategy and customers are different, the company simply needs to be able to charge different access fees.

This way they'll be able to charge the different customers different prices based on their willingness to pay such that they will capture all consumer surplus.

ergunt! please help me

Answers

Just sing a song it will help u

A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $348,400 and direct labor hours would be 47,000. Actual manufacturing overhead costs incurred were $304,000, and actual direct labor hours were 52,400. The journal entry to apply the factory overhead costs for the year would include a

Answers

Answer:

Journal Entry

Debit Work-in-Process $388,284

Credit Manufacturing Overhead $388,284

To record the application of factory overhead costs for the year.

Explanation:

a) Data and Calculations:

Estimated factory overhead costs = $348,400

Estimated direct labor hours = 47,000

Predetermined overhead rate = $7.41 ($348,400/47,000)

Actual overhead costs = $304,000

Actual direct labor hours = 52,400

Applied overhead costs = $388,284 (52,400 * $7.41)

b) The overhead applied to the production for the year will be the actual direct labor hours by the predetermined overhead rate.  This yields a cost that is greater than the actual overhead costs, which means that the manufacturing overhead was overapplied.  The cause of this situation is the number of actual direct labor hours worked vis-a-vis the actual overhead costs and the predetermined rate.

Developing the cash flow for each alternative in a study is a pivotal, and usually the most difficult, step in the engineering economic analysis procedure. An integrated approach for developing cash flows includes three major components:

a. A work breakdown structure (WBS) definition of the project.
b. A cost and revenue structure that identifies all the cost and revenue elements involved in the study
c. Estimating techniques (models).

Required:
Discuss the concept of equivalence - if two cash flows (or a series of cash flows) are equivalent for a stated interest rate, and under what circumstances you would be willing to trade one for the other.

Answers

Answer:

The concept of equivalence, also known as economic equivalence, describes the reduction of a series of cash inflows (benefits) and cash outflows (costs) to a single point in time, using a single interest rate, which enables the cash flows to be compared or equated.  This implies that while the amounts and timing of the cash flows (both inflows and outflows) may differ, an appropriate interest rate, factoring in the time value of money, will cause one set to be equal to the other.  Therefore, to establish economic equivalence, series of cash flows that occur at different points in time must be equalized using a single interest rate through present value calculations.

Explanation:

The concept of equivalence describes a combination of a single interest rate and the idea of the time value of money.  This combination helps to determine the different amounts of money at different points in time that are equal in economic value, such that a person would not hesitate to trade one for the other.

For example, if the interest rate is 10% in Year 1 and in Year 2 and you are to be paid $1,000 in Year 1, it will not make any difference to you if you are paid $1,100 in Year 2.  This is because, given the prevailing interest rate of 10%, the value you receive in Year 1 and Year 2 are equivalent.

The terms and conditions of an online sale are not binding on the buyer if the buyer did not read them.
Select one:
O True
O False

Answers

Answer:

True

Explanation:

i hope this help you

The Package Store hires workers to wrap packages. The store sells this service for $5. The marginal revenue product of this store's fifth worker is $50. The marginal product of the fifth worker is A) 0.01 package. B) 1 package. C) 10 packages. D) indeterminate from this information

Answers

Answer: 10 packages

Explanation:

Marginal revenue (MR) is defined as an increase in the revenue that a company makes which is gotten from an additional sale that is made from a unit of output.

The marginal product of the fifth worker will be calculated as:

= Marginal Revenue Product / Price

= 50/5

= 10

What is one key advantage to an employer-sponsored retirement plan?

Answers

Answer:

An employee's funds grow tax deferred in the plan. They don't pay taxes on investment earnings until they withdraw their money from the plan. An employee will pay income taxes and possibly an early withdrawal penalty if they withdraw their money from the plan.

Explanation:

I hope this helps. :D

One key advantage of an employer-sponsored retirement plan is the opportunity for employees to receive matching contributions from their employer.

Many employers offer a matching contribution as part of their retirement plan, which means that for every dollar an employee contributes to their retirement account, the employer will also contribute a certain amount, up to a specified limit.

This matching contribution is essentially free money provided by the employer to help employees save for retirement. It serves as an additional incentive for employees to participate in the retirement plan and contribute to their own savings.

Hence, The matching contribution is the key advantage  to an employer-sponsored retirement plan.

Learn more about retirement plan here:

brainly.com/question/31284848

#SPJ6

The European Union (EU) has been importing beef from the U.S. for decades, but over the last decade the U.S. has ramped up its genetically modified beef program. There has been not enough testing on the effects of this change to cows over a significant length of time so the EU now bans the import of beef from the U.S. What is this an example of with regards to protectionism?

Answers

Answer:

A value quota barrier.

Explanation:

Protectionism is defined as the act of restricting the imports made from another nation by the use of methods like tariffs, import quotas, and other government regulations.

A value quota is imposed in a trade trade deal to restrict or stop the volume of trade between two countries.

This decision is driven by various reasons. In this scenario it is the concern about genetically modified beef from the United states.

You buy a share of The Ludwig Corporation stock for $19.20. You expect it to pay dividends of $1.11, $1.1833, and $1.2614 in Years 1, 2, and 3, respectively, and you expect to sell it at a price of $23.26 at the end of 3 years. Calculate the growth rate in dividends. Round your answer to two decimal places. % Calculate the expected dividend yield. Round your answer to two decimal places. % Assuming that the calculated growth rate is expected to continue, you can add the dividend yield to the expected growth rate to obtain the expected total rate of return. What is this stock's expected total rate of return (assume market is in equilibrium with the required rate of return equal to the expected return)

Answers

Answer:

P0 = $19.20

D1 = $1.11

D2 = $1.1833

D3 = $1.2614

P3 = $23.26

a. Dividend growth rate = (1.2614-1.1833)/1.1833 = 0.0781/1.1833 = 0.06600186 = 6.60%

b. Expected Dividend Yield=(Expected Dividend/Price)*100 = $1.11/$19.20 = 0.0578125 = 5.78%

c. Total Rate of Return = 6.60% + 5.78% = 12.38%

Jolanta earned $80,000 and had the following income or expenses: Qualified dividend income $8,000 Credit card interest $ 250 Qualified mortgage interest $5600 Un-reimbursed employee medical expenses $12,000 Assuming she had no other income or expenses, what will be the amount of itemized deductions allowed on her federal tax return for 2018

Answers

Answer:

Jolanta

The amount of itemized deductions allowed on her federal tax return for 2018:

= $5,600

Explanation:

a) Data and Calculations:

Jolanta's earnings = $80,000

Other income or expenses:

Qualified dividend income $8,000

Credit card interest $ 250

Qualified mortgage interest $5600

Unreimbursed employee medical expenses $12,000

Itemized Deductions:

Qualified mortgage interest $5600

b) The Tax Cuts and Jobs Act eliminated the deduction for unreimbursed employee expenses for the tax year 2018 to 2025.  This means that Jolanta cannot include the unreimbursed employee medical expenses of $12,000 in her itemized deductions.  Credit card interest is not an allowed item under itemized deductions as the tax law classifies it as a personal interest.

Rushmont, Inc. operates a small package delivery service in the Nashville suburbs. If the company uses a regression equation to forecast total operating costs, the coefficient of the equations independent variable would correspond to the: Multiple Choice fixed operating costs. total operating costs. variable operating cost per delivery. number of deliveries. total variable operating costs.

Answers

Answer:

variable operating cost per delivery.

Explanation:

The regression equation to find out the total operating cost is

Y = a + bx

here

Y denotes total operating cost

a denotes fixed operating cost

b denotes coefficient of independent variable

x denotes variable operating cost per delivery

Therefore the above represent the answer

The primary objective of financial accounting is to: Group of answer choices Serve the decision-making needs of internal users. Provide accounting information that serves external users. Monitor and control company activities. Provide information on both the costs and benefits of looking after products and services. Know what, when, and how much product to produce.

Answers

Answer:

Provide accounting information that serves external users.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB). The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining standard financial accounting and reporting for general guidance of individuals such as investors, issuers and auditors.

Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. Examples of financial statements includes Balance sheet, cash-flow and income statement.

Hence, the primary objective of financial accounting is to provide accounting information that serves external users so as to enable them have a good understanding of the financial inclination of a business firm and thus, make an informed decision whether or not to invest in the business firm.

Same information as the previous question Company A started business on January 1, 20X1, and bought the following piece of equipment. Cost of asset $150,000 Useful life 3 Tax rate 21% 20X1 estimated tax payment 1,800 Depreciation for book and tax purposes is as follows: Book Tax 20X1 40,000 100,000 20X2 40,000 20,000 20X3 40,000 0 20X1 income statement information: Sales 638,000 Expenses (does not include depreciation expense and tax expense) 510,000 What the ending balance of deferred taxes payable as of December 31, 20X1?

Answers

Answer:

$12,600

Explanation:

Excess tax depreciation 20X1 = 100,000 - 40,000

Excess tax depreciation 20X1 = $60,000

Tax rate = 21%

Ending balance of deferred taxes payable = Excess tax depreciation 20X1 * Tax rate

Ending balance of deferred taxes payable = $60,000*21%

Ending balance of deferred taxes payable = $12,600

So, the ending balance of deferred taxes payable as of December 31, 20X1 is $12,600.

What is a whistleblower

Answers

A person who exposes someone’s secrets like Mr Assange

Answer:

A whistle-blower is a person who informs on a person or an organization that is engaged in an illicit activity.

An example of structural unemployment is a(n):_______.
A) autoworker who is temporarily laid off because of a decline in sales.
B) geologist who is permanently laid off because of an increase in wages won by labor unions.
C) worker at a fast-food restaurant who quits work and attends college.
D) real estate agent who leaves a job in Texas and searches for a similar, higher-paying job in California.

Answers

Answer:

b

Explanation:

structural unemployment is an unemployment that occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition . Structural unemployment tends to be permanent.

The geologist lost his hob permanently due to increase in wages (polices)

Other forms of unemployment includes :

Frictional unemployment . the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. Eg. when a real estate agent who leaves a job in Texas and searches for a similar, higher-paying job in California.

Voluntary unemployment : e.g. worker at a fast-food restaurant who quits work and attends college.

Cyclical unemployment ; UNEMPLOYMENT that occurs as a result of fluctuations in the economy

Cost of Direct Materials Used in Production for a Manufacturing Company Walker Manufacturing Company reported the following materials data for the month ending June 30: Materials purchased $154,700 Materials inventory, June 1 48,800 Materials inventory, June 30 40,700 Determine the cost of direct materials used in production by Walker during the month ended June 3

Answers

Answer:

the direct material used is $162,400

Explanation:

The computation of the direct material used is as follows:

= Opening inventory + material purchased - ending inventory

= $48,400 + $154,700 - $40,700

= $162,400

Hence, the direct material used is $162,400

We simply applied the above formula so that the correct value could come

A company's ledger is: Group of answer choices A record containing increases and decreases in a specific asset, liability, equity, revenue, or expense item. A journal in which transactions are first recorded. A collection of documents that describe transactions and events entering the accounting process. A list of all accounts a company uses with an assigned identification number. A record containing all accounts and their balances used by the company.

Answers

Answer:

A record containing all accounts and their balances used by the company.

Explanation:

A company's ledger is a record containing increases and decreases in a specific asset, liability, equity, revenue, or expense item.

When a transaction occurs, it is initially recorded in a journal, which serves as the first entry point for documenting transactions. The journal provides a chronological order of transactions. These transactions are then transferred to the ledger, where they are organized by account.

The ledger consists of individual accounts, each assigned an identification number. These accounts represent different categories, such as cash, accounts payable, inventory, sales revenue, etc. Every transaction affecting these accounts is recorded in the ledger, indicating the increases or decreases in their respective balances.

Overall, the ledger provides a comprehensive snapshot of the company's financial position and helps in generating financial statements. It allows businesses to monitor their financial health, track transactions accurately, and prepare financial reports for analysis and decision-making.

Hence the correct option is (a).

To know more about ledger here

https://brainly.com/question/33538558

#SPJ6

Dale and Dana work at a self-service gas station and convenience store. Dale opens up every day, and Dana arrives later to help stock the store. They are both paid the current market wage of $9.50 per hour. But Dale feels he should be paid much more because the revenue generated from the gas pumps he turns on every morning is much higher than the revenue generated by the items that Dana stocks.

Required:
Assess this argument.

Answers

Answer is given below :

Explanation:

Dale argument is wrong, because the business owner hires workers for up to $9.50 per hour, the last person's marginal product. This implies that all other hired workers will have a marginal product value of more than 9.50 per hour, although wages equal to 50 9.50 will be paid. Therefore any employee who opens a station, be it Dala or Dana, has more value than a marginal product than any other person who reports for work.

Theories aim to _____________.
Select the correct answer below:
a) create applied (or empirical) representations
b) take a complex, real-world issue and simplify it down to its essentials
c) implement a method to view the world through the same lens as other disciplines, such as anthropology and biology
d) build a physical model that sits on a tabletop

Answers

Answer:

B) take a complex, real-world issue and simplify it down to its essentials

Explanation:

Theory can be regarded as contemplative as well as rational type of abstract, it is a generalizing thinking regarding a phenomenon and it could be the results of such thinking. The theory is associated with process such as observational study as well as research. It should be noted that Theories aim to take a complex, real-world issue and simplify it down to its essentials

Woodman Company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Estimated and actual data for direct labor and manufacturing overhead for last year are as follows:

Estimated Actual
Direct Labor Hours: 600,000 550,000
Manufacturing Overhead Estimated $720,000 $680,000

Answers

Answer:

Underapplied overhead= $20,000

Explanation:

Giving the following information:

Estimated Actual

Direct Labor Hours: 600,000 550,000

Manufacturing Overhead Estimated $720,000 $680,000

I assume that we need to calculate the over/under applied overhead.

First, we need to determine  the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 720,000/600,000

Predetermined manufacturing overhead rate= $1.2 per direct labor hour

Now, we apply overhead based on actual hours:

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

Allocated MOH= 1.2*550,000

Allocated MOH= $660,000

Finally, the under/over applied overhead:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 680,000 - 660,000

Underapplied overhead= $20,000

Other Questions
Three vertices of parallelogram DEFG are D(-4, - 2), E(-3, 1) and F(3, 3). Find the coordinates of G. HELP I NEED HELP ASAP Name and describe the seven reasons Thomas Paine gives in "Common Sense" for independence.PLEASE HELPPPP!!!!!!!!!!!!! how often were slaves freed in colonial america Which word is a synonym of influential?unmovingusefulsickpowerful Write a function rule for "The output is half of the input x." What is a title we often give to aperson who writes and performs their ownmusic? 100 points for answer. please help SUM1 HELPPPPP!!!?!!!! what contributed to the downfall of the Han Dynasty? Two angles are supplementary if the sum of their measures is 180. If the measure of one angle is 4 x degrees, represent the measure of its supplement as an expression of x Help I dont get it pls help Please help due ASAP SHOW workings please HELP!!! I have to have this done by midnight!!! The forces that hold molecules of metals together are stronger than the forces that hold molecules of non -metals together. This means that metals have Which best describes the effect of a ecosystem when populations of white-tailed deer are overhunted by people in an area?A. It disrupts the balance between predators and preyB. It decreases the amount of producersC. It directly increases the population of decomposersD. It decreases competition for food among carnivores plz help me Explain 3 basic beliefs of Hinduism that the text talks about. Page 5 and 6 talk about specific Hindu beliefs and page 7 has a review of these beliefs. This should be a 3-8 sentence paragraph. Some of the beliefs of Hinduism are they believe that... andDescribe how the caste system impacted how Ancient Indians lived their daily lives? Page 3 in the textbook explains the caste system in detail. This should be a 3-8 sentence paragraph. The caste system impacted the lives of people in Ancient India because pleaseeeeeee helppppppp Which of the following is NOT a macronutrient? (I marked that because I thought that was the correct answer) i am as _____as a bear. ( simile grammar)