Answer:
It is not clear from the given information whether Nawal's father understood and interpreted the Hawthorne studies correctly. The Hawthorne studies were a series of experiments conducted at the Hawthorne Works factory in the 1920s and 1930s to study the effects of lighting and other working conditions on productivity. The studies found that workers' productivity increased when they were given special attention and felt that their contributions were valued, regardless of the specific changes made to the working conditions. It is possible that Nawal's father misunderstood the findings of the Hawthorne studies and believed that simply being nice to workers is sufficient for managing them effectively.
If I were Nawal, I would explain to my father that the Hawthorne studies showed that giving workers special attention and valuing their contributions can improve their productivity, but that there are other important factors to consider when managing people effectively. I would also suggest that we discuss the specific issues and challenges facing our business, and come up with a plan to address them together.
Asian Lamp Company manufactures lamps. The estimated number of lamp sales for the last three months for the current year are as follows:
Month Sales
October 10,000
November 14,000
December 13,000
Finished goods inventory at the end of September was 3,000 units. Ending finished goods inventory is budgeted to equal 25 percent of the next month's sales. Asian Lamp expects to sell the lamps for $25 each. January sales is projected at 16,000 lamps.
How many lamps should be produced in October?
a. 9,500 lamps
b. 10,000 lamps
c. 14,000 lamps
d. 10,500 lamps
Budgeted for ending completed products inventory is 25% of sales for the next month. Asian Lamp anticipates charging $25 for each lamp. 16,000 lights are expected to be sold in January. In October, 10500 lights should be manufactured. Here option D is the correct answer.
The sales estimate and the anticipated amount of completed goods inventory to be on hand are combined to create the production budget, which determines the number of products that must be made.
The following formula is used in the production budget to estimate how many units will be produced during a certain period:
Production budget = Budgeted sales units - Opening completed goods stock + closing finished goods stock.
Budgeted Production for October:
Budgeted Sales units for Oct 10000
Add: Desired ending inventory units 3500
Total requirement 13500
Less: Desired Beginning Inventory 3000
The budgeted Production unit in October 10500
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Suppose that you have the following information about the market for players on your team:
Supply: W=5+N
Demand: W=35-2N
a. Draw this graphically and calculate the equilibrium wage and number of players on the team.
b. Suppose that the players union negotiates a roster size of only 5 players on a team. Draw this graphically and calculate the new equilibrium wage number of players on the team.
If supply: W= 5+N and Demand: W= 35-2N then the new equilibrium wage number of players on the team is 11.6.
As the equilibrium means
Supply= demand
5+N= 35-2N
N+2N= 35-5
3N=30
N=10
W=5+N=5+10=15
Equilibrium number of players is 10
Equilibrium wage is 15
Since the number of players on the team is now fixed at 5 this means demand of players has decreased whereas the supply is same.
Demand was
W=35-2N
2N=35-W
N= (35-W)/2
Now the demand has reduced by 5
N=[(35-W)/2]-5
N=(35-W-10)/2
N=25-W/2
Supply
W=5+N
N=W-5
Equating demand and supply
(25-W)/2= W-5
25-W=2W-10
25+10=2W+W
3W=35
W=35/3
W=11.6
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Radar Company sells bikes for $480 each. The company currently sells 4,050 bikes per year and could make as many as 4,380 bikes per year. The bikes cost $240 each to make: $155 in variable costs per bike and $85 of fixed costs per bike. Radar received an offer from a potential customer who wants to buy 330 bikes for $450 each. Incremental fixed costs to make this order are $48,000. No other costs will change if this order is accepted. Compute Radar's additional income (Ignore taxes) If it accepts this order. Incremental incremental Amount per Fixed Unit Costs Incremental Income from Now Business Contribution margin Incremental income (loss) from new business The company should
The new order will have a total cost of $46,000 in offized expenses and an additional $160 in variable costs for each of the 370 bikes. The correct response is A. 10 bike.
The extra production cost is calculated as follows as C=$46, 000 + 370 * $160 C = $105, 200 If the price of each bike is $460, the extra revenue (before taxes) from accepting this order is equal to: I= (price * units) - cost I= ($460 * 370) - $105, 200 I=$65, 000. The additional $65,000 goes to Radar.
When the cost of sales is subtracted from sales, the difference, or $147,200 - $105,600, results in an additional revenue of $41,600. The variable cost per bike as well as the additional fixed expenditures ($48,000) associated with placing this purchase are included in the cost of sales.
The business must weigh all variable expenses, including the added fixed expenditures, before deciding whether to accept an order or not. The ensuing extra income is what can be used to cover the fixed expenses.
complete question:
Radar Company sells bikes for $480 each. The company currently sells 4,050 bikes per year and could make as many as 4,380 bikes per year. The bikes cost $240 each to make: $155 in variable costs per bike and $85 of fixed costs per bike. Radar received an offer from a potential customer who wants to buy 330 bikes for $450 each. Incremental fixed costs to make this order are $48,000. No other costs will change if this order is accepted. Compute Radar's additional income (Ignore taxes) If it accepts this order. Incremental incremental Amount per Fixed Unit Costs Incremental Income from Now Business Contribution margin Incremental income (loss) from new business The company should.
A. 10 bikes
B. 11 bikes
C. 12 bikes
D. 13 bikes
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john is interested in purchasing a multi-office building containing five offices. the current owner provides the following probability distribution indicating the probability that the given number of offices will be leased each year.
The owner supplies the posterior distribution E(X) = $23,333.33, which represents the likelihood that the particular set of office will be rented each year.
Describe distribution.Selling and delivering goods and services from a manufacturer to a customer is known as distribution. Another name for this is product distribution. To guarantee that clients and other participants in the distribution network are satisfied, it is crucial to enhance distribution as firms grow more global.
Why is distribution crucial to business?Channels of distribution are crucial to organizations because they enable efficient delivery of products or services to clients. Unhappy customers and subpar service delivery may result from a company's failure to find the optimal group of enterprises for this purpose.
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describe, in one paragraph, how bringing this product to the marketplace can help support and build the chocolate bliss brand, based on the course project scenario. explain how offering your chosen product is in alignment with the brand and how bringing the product to the marketplace will help the company promote public awareness of their brand.
The product, which is presented as a bar of chocolate, can be successfully promoted in the market since, as we all know, people are becoming more health conscious and are all trying to maintain a healthy lifestyle. Most individuals can't help but enjoy chocolate.
What is promotion?
Promotion in marketing is any sort of marketing communication that aims to persuade target audiences of the relative qualities of a given good, service, idea, or brand. It aids marketers in establishing a memorable spot in clients' minds. This place can be either cognitive or emotional. Promoting a product or service is intended to raise brand awareness, spark interest, enhance sales, or foster brand loyalty. One of the fundamental components of the market mix, which also consists of the four Ps (product, pricing, location, and promotion), is this. One of the components of the promotional mix or promotional plan is promotion.
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which of the following is an example of purchasing an asset in order to receive a stream of future payments?
The example of purchasing an asset in order to receive a stream of future payments are An investor buys a house for $250,000 and expects to rent it out for $2,000 per month, indefinitely. And also an investor buys a house for $250,000 and receives an annual payment of $400,000 for making it available for film sets.
An investor is any person or other entity (such as a company or mutual fund) that provides capital with the expectation of receiving a financial return. Investors rely on different financial instruments to earn returns and achieve important financial goals such as building retirement savings, funding college education, or simply amassing additional wealth over time.
A wide variety of investment vehicles exist to achieve this goal, including stocks, bonds, commodities, mutual funds, exchange traded funds (ETFs), options, futures, foreign exchange, gold, silver, retirement plans, real estate, and many more. Investors can analyze opportunities from many angles, and generally prefer to minimize risk while maximizing returns.
An investor is usually different from a trader. An investor puts capital to use for long-term gains, while a trader seeks to make short-term profits by repeatedly buying and selling securities.
The complete question is:
Which of the following is an example of purchasing an asset in order to receive a stream of future payment?
An investor purchases a home for $300,000 and expects to sell for $360, 000 in one year, earning a future payment of $60,000.An investor purchases a home for $300,000 and expects to rent it out for $3,000 per month, indefinitely An investor purchases a home for $300,000 and receives annual payment of $500,000 for making it available for movie setsYou can learn more about investor here brainly.com/question/14283683
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which of the following is not a type of trade restriction? group of answer choices nigeria protecting chicken growers by banning chicken imports foreign producers transferring their technological know-how to a chinese partner to gain access to chinese markets purity laws in germany barring many non-german beers european countries prohibiting imports of beef from hormone-fed cattle allowing sugar imports from mexico
Nigeria protecting chicken growers by banning chicken imports is not a type of trade restriction.
The maximum common barrier to exchange is a tariff–a tax on imports. tariffs raise the charge of imported goods relative to home goods (accurately produced at domestic). another common barrier to trade is a central authority subsidy to a specific home industry.
Trade obstacles are authorities-caused regulations on global exchange. in keeping with the theory of comparative advantage, exchange boundaries are damaging to the arena financial system and decrease typical financial performance.
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if the federal government decreases its expenditures on goods and services by $10 billion and decreases taxes on personal incomes by $10 billion, which of the following will occur in the short run?
The aggregate income will decrease by up to $10 billion will occur in short run.
What is aggregate income?The sum of all incomes in an economy, excluding amounts that have been twice counted or adjusted for inflation or taxes, is known as aggregate income. A measure of GDP called aggregate income is the sum of consumption spending and net income. In economics, definition of "aggregate income" is very broad. It might represent the economic gains from all output for those who produced it. Although there are several ways to estimate total income, GDP is one of the most recognized and most popular. The economic production of a nation is gauged by its GDP. It is typically defined as the sum of the market values of all the goods and services produced over a specified time period after deducting the cost of the raw materials utilized in the production.
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bonds today with a par value of $1000 and a current market value of $768.00, having 10% yield to maturity. the bonds mature in 5 years and interest is paid annually. one year from now, when the yield to maturity is 12%, you sell the bond. answer the following question based on the above information. the selling price for the bond, one year from now, is: $753.36 $768.00 $935.77 $117.85
current market value of $768.00, having 10% yield to maturity. the bonds mature in 5 years and interest is paid annually. one year from now, when the yield to maturity is 12%, you sell the bond
The selling price for the bond, one year from now, is $753.36.
The selling price (or market value) of the bond is equal to the present value of the future contractual cash payments that the bond owner will receive.
STEP 1: Calculating the bond's coupon payment/coupon rate
The fact that-
Face value is 1,000; the going rate is 768.
Time to maturity is 5 years, and the yield to maturity is 12%.
Therefore, using the PMT function in Excel, a coupon payment is made annually.
Formula: PMT = (Yield, time, present value, face value, 0)
PMT(0.10,5,-768,1000,0) = 38.80
So, the annual coupon payment is 38.80.
STEP 2: Determine the bond's selling price in a year.
Left till maturity: 4 years
Yield = 12%
Payment with coupons: 38.80
1 000 in face value
Bond selling price therefore equals using Excel's PV tool.
PV(Yield, time, coupon, face value, 0) (Yield, time, coupon, face value, 0)
PV(0.12, 4, 38.80,1000,0) = 753.36
In other words, the bond will be sold for $753.36 a year from now.
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Portions of the financial statements for Myriad Products are provided below.
MYRIAD PRODUCTS COMPANY
Income Statement
For the Year Ended December 31, 2018
($ in millions)
Sales $ 720 Cost of goods sold 252 Gross margin 468 Salaries expense $ 105 Depreciation expense 80 Patent amortization expense 5 Interest expense 20 Loss on sale of land 4 214 Income before taxes 254 Income tax expense 127 Net Income $ 127 MYRIAD PRODUCTS COMPANY
Selected Accounts from Comparative Balance Sheets
December 31, 2018 and 2017
($ in millions)
Year 2018 2017 Change
Cash $ 120 $ 112 $ 8 Accounts receivable 232 250 (18 )
Inventory 446 462 (16 )
Accounts payable 170 158 12 Salaries payable 86 98 (12 )
Interest payable 43 32 11 Income taxes payable 33 22 11 Required:
Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the direct method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
Net Cash flow from Operating activities $290
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $145
Adjustment made:
Add: Depreciation expense $98
Add: Loss on sale of land $4
Add: Amortization expense $5
Less: Increase in cash balance -$8 ($138 - $130)
Add: Decrease in accounts receivable $16 ($261 - $277)
Add: Decrease in inventory $15 ($465 - $480)
Add: Increase in accounts payable $9 ($203 - $194)
Less: Decrease in salaries payable -$9 ($107 - $116)
Add: Increase in interest payable $7 ($57 - $50)
Add: Increase in income tax payable $8 ($48 - $40)
Total of Adjustments $145
Net Cash flow from Operating activities $290
There are three cash flow types that organizations should music and analyze to decide the liquidity and solvency of the business: cash flow from working sports, coins go with the flow from making investment sports, and cash go with the flow from financing sports. All 3 are covered on an organization's cash glide assertion.
Coins float is vital as it enables you to satisfy your existing financial obligations in addition to planning for the future. but, coins drift is a common mission amongst small businesses.
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enterprise resource planning systems (erp) support business supply chains by effectively delivering supply chain management (scm) in the following ways
Determining the number of materials, goods, and resources—including labor—that are needed is one of the key roles played by SCM. Using historical and real-time data, an ERP system with SCM capabilities automatically generates supply and demand projections, assisting businesses in fast adapting to their supply chains' continual change.
Planning, carrying out, controlling, and monitoring supply-chain operations are all part of supply chain management (SCM). An ERP solution handles the market component of successfully managing demand and supply to satisfy consumer requests as well as the market-related physical aspects of supply, such as storage and transportation. Transparency among the team members working on the supply chain process will be made possible by the ERP system. Additionally, it will improve vendor and company cooperation. Suppliers will also be linked to your ERP dashboard, enabling them to collaborate with you more successfully to achieve your objectives and eliminate bottlenecks. Supply chain management and ensuring that firms can react to market changes both depend heavily on ERP solutions.
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you are involved as an expert witness in a case of alleged fraud by top management against a corporation. supposedly, working in collusion, top management defrauded the company of $5 million over two years. the allegations suggest that the fraud involved stealing $5 million and then concealing the fraud by overstating expense accounts and manipulating balance sheet accounts. following the initial discovery of this alleged fraud, shareholders of the company brought a lawsuit against top management. the prosecuting attorney for the shareholders has retained you to assist as an expert witness in this case. the case has already moved into the discovery phase.
The true statement is that shareholders of company brought a lawsuit against the top management.
Who is a shareholder?The term "shareholder" refers to an individual or legal entity (such as another corporation, a body politic, a trust, or a partnership) who is officially recognized by a corporation as the owner of shares of a public or private corporation's share capital. When a person or legal organization enters their name and other details in the company's register of shareholders or members, they become a shareholder. The Corporation is not required or permitted, unless required or permitted by law, to investigate the ownership of the Shares in dispute. The degree to which a shareholder controls the company depends on their shareholding proportion. Legally speaking, a corporation's stockholders are separate entities from the company itself.
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prepare the workpaper entries necessary on december 31, 2013 to allocate and depreciate the difference between book value and the value implied by the purchase price
An asset's book value is its initial purchase price less any future alterations, such as impairment or depreciation.
What exactly does "book value" mean?
Book Value The term "book value" refers to a company's value as it appears on its financial statements and is taken from its books or accounts. Theoretically, it represents the proceeds that investors would receive if they sold all of the company's assets in order to settle all of its debts and liabilities.
A good book value is what?
For value investors, historically, any figure below 1.0 is a good P/B, indicating a possibly undervalued stock. Value investors, however, frequently use equities with a P/B value below 3.0 as their benchmark.
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the two primary responsibilities of the national labor relations board are to conduct and certify the election of union representation and to .
The conduct and certification of union representation elections, as well as the prevention and redress of unfair labor practices by unions and employers in the private sector, are the two main duties of the National Labor Relations Board.
A group of experts work together as the National Labor Relations Board (NLRB) to guarantee democratic workplaces and fair labor practices across the country.
The National Labor Relations Board is a freestanding federal agency with the authority to protect employees' rights to form unions and to decide whether to have them serve as their negotiating representatives. The agency also works to stop and correct unfair labor practices by unions and employers in the private sector.
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identify the first closing entry: multiple choice question. close income summary account to the owner's capital account close expense accounts to the income summary account close the drawing account to the owner's capital account close revenue accounts to the income summary account
At the conclusion of the accounting period, a closure entry is written in the journal where data are transferred from temporary accounts to permanent accounts.
What is the opening statement?All revenue accounts are transferred to the income summary after first recording a closing entry. A journal entry debiting all revenue accounts and crediting the income summary is used to accomplish this. The same procedure is then used to calculate expenditures.
What is the point of the first and last entry in the journal?A closing entry is made to transfer funds from a temporary account to a permanent account at the end of an accounting period. Companies use closure entries to reset temporary accounts, which show balances for a particular accounting period, to zero.
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The Probate Process Which of the following does the probate process assume? Check all that apply.
O Creditors are satisfied. O The will is burnt. O Money owed to the decedent is collected, O A testator is appointed
The probate process assumes the following:
O Creditors are satisfied: During the probate process, creditors who are owed money by the deceased are paid off in order of priority. O The will is not burnt: The will is usually filed with the probate court and is used to determine the distribution of the deceased's assets.
O Money owed to the decedent is collected: During the process of probate, any money owed to the deceased is collected and added to the estate.
O A testator has been appointed: The testator is the person appointed by the probate court to manage the deceased's estate. The testator is responsible for ensuring that the deceased's assets are distributed according to their wishes as stated in the will.
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A(n) _________inventory system adjusts for each change caused by a purchase, a sale, or a return of merchandise. (Enter only one word.)
Perpetual inventory system adjusts for each change caused by a purchase, a sale, or a return of merchandise.
A computerized point-of-sale system that continuously records inventory changes in real time, known as perpetual inventory, eliminates the need for manual inventory inspections. It properly reflects the quantity of goods on hand and offers a very detailed view of changes in inventory along with immediate reporting of the amount of inventory in stock.
With this approach, a business makes no effort to maintain thorough records of the products it has on hand; instead, purchases are noted as debits to the inventory database. In actuality, aspects like direct labor and material expenses and direct factory overhead costs are included in the cost of goods sold.
A periodic inventory system, by which a business keeps track of its inventory by routine physical counts, is set apart from a perpetual inventory system.
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(figure: short-run equilibrium) use figure: short-run equilibrium. the economy is in short-run equilibrium. to move the economy to potential output, the government should reduce its spending by an amount equal to:
To move the economy to potential output, the government should reduce its spending by an amount equal to aggregate price level.
When the total amount of output required and supplied equals one another, an economy is in short-run equilibrium. When total output and total demand are equal, this is referred to as short-run equilibrium. When prices respond to market changes and the economy is operating at its maximum potential, long-run equilibrium has been reached. Solution: Due to the fact that market supply and demand are equal, the short-run equilibrium price is determined. Since Qd(p) = 110 p and Qs(p) = 10 p, or 110 p = 10 p, it follows that 11p = 110 and p = 10. So, Q = 100 is the market equilibrium quantity.
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__is one of the basic subject areas that should be on a checklist of criteria for evaluating middlemen serving a market.
productivity is one of the basic subject areas that should be on a checklist of criteria for evaluating middlemen serving a market.
Productivity, in economics, productivity output per unit of input, such as labor, capital, or any other resource. It is often calculated for the economy as a ratio of gross domestic product (GDP) to hours worked.
Labor productivity may be further broken down by sector to examine trends in labor growth, wage levels, and technological improvement. Corporate profits and shareholder returns are directly linked to productivity growth.
At the corporate level, productivity is a measure of the efficiency of a company's production process, it is calculated by measuring the number of units produced relative to employee labor hours or by measuring a company's net sales relative to employee labor hours.
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aggregate supply is represented as a schedule or curve showing the relationship between a nation's level (index) and the amount of real domestic output that firms in the economy produce
Aggregate Supply is represented as a schedule or curve showing the relationship between the nation's - level (index) and the amount of real domestic output that firms in the economy produce is Price
Similarly that aggregate supply is the general stock of all labor and products inside an economy during a specific time span, total interest is the complete interest for all labor and products inside an economy throughout that equivalent time span. The way that these total terms measure all market interest inside an economy during a particular time span separates them from straightforward market interest.
Normally, conversations of market interest happen on a more limited size, like inside a business or area. Organizations investigate market patterns utilizing organic market. Organizations can carry out business systems at the best second to satisfy market needs by remaining current on market interest designs.
Assuming the cost level expansions in the economy, the complete spending in the economy will fall. The total interest will fall and move to one side.
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identify the core values of quality management that are emphasized by the iso 9000 certification. (check all that apply.)
The ISO 9000 certification emphasizes quality management that is client-oriented and places a lot of attention on defining, meeting, and achieving customer satisfaction.
ISO 9000 is a set of international standards on quality management and quality assurance that were created to assist businesses in efficiently documenting the components of their quality systems in order to maintain an effective quality system.
Internationally acclaimed quality assurance and management standards are contained in the ISO 9000 series. It was created by the International Organization for Standardization with the intention of promoting the creation of products and services that satisfy standards of quality that are recognized around the world.
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gerald cooksie owns a restaurant in panama beach, florida. he has arranged a business loan with the bank where he has his business account. the terms of the loan allow him to borrow up to $13,500 within the next year if the bank has funds available to lend; he must pay interest only on the unpaid loan balance. cooksie has arranged
Answer: a line of credit must be established
Explanation:
Which of the following sets of financial statements generally cannot be prepared directly from the adjusted trial balance?
A. Income Statement, Balance Sheet, Statement of Cash Flows.
B. Income Statement, Statement of Cash Flows.
C. Statement of Cash Flows.
D. Balance Sheet and Statement of Cash Flows.
C - Statement of Cash Flows
This statement generally requires a significant amount of analysis to uncover the cash flows reported within. The adjusted trial balance presents ending account balances. The Statement of Cash Flows reports changes in cash by category. Cash flows are changes in cash and are categorized by type and reported in three categories: operating, investing, and financing.
Generally speaking, the following sets of financial statements cannot be created from the adjusted trial balance. Cash Flow Statement.
Briefing:-To find the cash flows reported in this statement, further investigation is typically needed. Ending account balances are shown in the adjusted trial balance. Changes in cash are shown on the Statement of Cash Flows by category. Changes in cash are known as cash flows, and they can be classified into three types: operating, investing, and financing.
Which of the following is not often included when creating a statement of cash flows?trial balance was adjusted. In preparing a statement of cash flows, adjusted trial balance is typically not employed.
Which of the following statements does not belong among the financial statements?Financial statements do not include a statement of owner investments.
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in 2013 the u.n. general assembly adopted a resolution affirming that the rights held by people offline must also be protected online, calling for its member nations to respect the right to privacy in digital communication. which of the following statements applies to the real-life impact of this resolution?
The concept talked over is the Right to Privacy in digital communication. The statements that apply to this resolution include, that druggies should be apprehensive that digital sequestration isn't recognized by numerous on the Internet.
Fairly, the right to privacy is an introductory law that includes the right of persons to be free from unwarranted hype. Unwarranted appropriation of one's personality. Publicizing one's private affairs without a licit public concern.
In the environment of digital privacy, communication privacy is the notion that individuals should have the freedom, or right, to communicate information digitally with the anticipation that their dispatches are secure — meaning that dispatches and dispatches will only be accessible to the sender's original intent.
Information privacy is pivotal to the broader right to privacy. It relates to an existent's capability to determine for themselves when, how, and for what purpose their particular information is handled by others. Guarding privacy is crucial to icing mortal quality, safety, and tone-determination
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Which of the following represents the three different levels of a company pyramid from the top to the bottom? Multiple Choice A) Managerial-Strategic- Operational B) Strategic - Managerial - Operational C) Operational - Managerial - Strategic D) Strategic- Operational Managerial
Strategic - Managerial - Operational are the three layers of a firm pyramid, from top to bottom. Thus, the correct choice is (B) Strategic - Managerial - Operational.
What exactly is a business pyramid?A pyramid scheme is a business strategy that recruits participants by promising money or services in exchange for enrolling others in the plan, as opposed to providing investments or selling items. As the number of members increases, recruiting becomes increasingly difficult, and most members are unable to earn; as a result, pyramid schemes are unsustainable and sometimes illegal.
Pyramid schemes have existed in various forms for at least a century. Some multi-level marketing programs have been labeled pyramid scams. An organization requires anyone who wants to join to pay a fee. In exchange, the group guarantees its new members a portion of the funds collected from each other member they recruit.
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During July. Laesch Company which uses a perpetual inventory system, sold 1340 units from its LIFO-based Inventory, whic originally cost $20 per unit. The replacement cost is expected to be $28 per unit. Required: Respond to the following two independent scenarios as requested a Caset in July, the company is planning to reduce its inventory and expects to replace only 920 of these units by December 31, the end of its fiscal year. Prepare the entry in July to record the sale of the 1340 units. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) NO Debit Event 1 Credit A 3 Answer is not complete. General Journal Cost of goods sold Inventory Excess of replacement cost over LIFO Cost of inventory liquidation OOO (3) Prepare the entry for the replacement of the 920 units in September at an actual cost of $32 per unit. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Event NO А Debit Credit + Answer is not complete General Journal ventory Cost of goods sold Excess of replacement cost over LIFO cost of inventory liquidation Accounts payable OOOO b. Case 2 in July, the company is planning to reduce its inventory and expects to replace only 340 of its units by December 31. the end of its fent year (1) Prepare the entry in July to record the sale of the 1340 units. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is not complete. No General Journal Debit Credit Event 1 A Cost of goods sold Inventory OOO Excess of replacement cost over LIFO Coat of inventory liquidation (2) In December the company decided not to replace any of the 1.340 units. Prepare the entry required on December 31 to eliminate any valuation accounts related to the inventory that will not be replaced (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is not complete. No Event General Journal Debit Credit A 1 Excess of replacement cost over LIFO cost of inventory quidation Coot of goods sold
The accounts payable is $29440 and cost of gods sold is $2720.
S.no particulars Debit Credit
A) Cost of goods sold 34,160
Inventory 26,800
Excess of replacements cost over LIFO 7360
(To record the sales of 1,340 units of LIFO)
Inventory 18,400
Cost of inventory liquidated 7360
Cost of goods sold 3680
Accounts payable 29,440
(To replace the 920 units of LIFO base)
B) Cost of goods sold 29,520
Inventory 26800
Excess of replacement costs over LIFO 2720
(To record the sale of 1340 units of LIFO to be placed)
Excess of replacement costs over LIFO 2720
Cost of goods sold 2720
(To eliminate the remaining balance in LIFO valuation)
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TRUE/FALSE. A confounder may make the association between an exposure variable and an outcome variable appear more or less significant than it truly is.
A confounder could fudge the significance of the relationship between an exposure variable and an outcome variable. It is real.
Confounders are elements that obscure the connection between the trial medicine and the result. Adjunctive medication or treatments like psychotherapy may be allowed in some trials. These are confounders because the outcomes can be due to the adjuncts rather than the medicine under investigation. For instance, studies of painkillers frequently disregard participants' usage of non-drug painkillers including splints, lotions, massage, hot baths, and adjustments by chiropractors. The experiment's outcomes may be considerably impacted by how participants respond to these additional trial treatments.
Common confounders include participant characteristics including body mass index, smoking status, age at illness onset, socioeconomic status, educational attainment, and size of support network.
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TRUE/FALSE. when more than one security interest has been perfected in the same collateral, their claims are satisfied proportionately to their value.
The statement says that when more than one security interest has been perfected in the same collateral, their claims are satisfied proportionately to their value. This statement is true.
When more than one party claims an interest in the same collateral, a perfected secured party's interest does not have priority over the interests of most other parties.
An enforceable legal claim or lien on the property that has been pledged as collateral, typically to acquire a loan, is known as a security interest. In exchange for the right to take back all or part of the property in the event that the borrower ceases making loan payments, the borrower grants the lender a security interest in a number of assets.
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a company began january with 4,000 units of its principal product. the cost of each unit is $8. inventory transactions for the month of january are as follows: date of purchase purchases units unit cost* total cost january 10 3,000 $ 9 $ 27,000 january 18 4,000 10 40,000 totals 7,000 $ 67,000 * includes purchase price and cost of freight. sales date of sale units january 5 2,000 january 12 1,000 january 20 3,000 total 6,000 5,000 units were on hand at the end of the month.
Closing inventory costs at $46500 which has 5000 units. Thus, average cost is $9.3.
It is given that the beginning inventory is of $32000 i.e. units of 4000 and cost is $8. thus, 4000*8
There has been sale on jan 5 of 2000 units.
Thus, remaining inventory = 4000 - 2000 = 2000 units * $8 = $16000
Purchase on 10January of 3000 units at $9 = $27000
Thus, remaining inventory = $16000 + 27000 = 43000 and 5000 units. Thus, cost per unit = 43000/5000 = $8.6
sale on 12jan = 1000 units = $8.6 * 1000 = $8600
Thus, remaining inventory = 4000 units (5000-1000) at $34400 (43000-8600)
Purchase on Jan 18 = 4000 units at 10 = $40000
Remaining inventory = 8000 units of $74400. Thus, avg cost = $9.3
Sale on Jan 20 = 3000 units at $9.3 = $27900
Thus, remaining inventory = 5000 units of $46500.
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cheyenne corporation makes a commercial-grade cooking griddle. the following information is available for cheyenne corporation's anticipated annual volume of 29,700 units.
Per Unit Total
Direct materials $16 Direct labor $6 Variable manufacturing overhead $15 Fixed manufacturing overhead $523,200
Variable selling and administrative expenses $4 Fixed selling and administrative expenses $228,900
The company uses a 39% markup percentage on total cost.
Compute the total cost per unit. Compute the target selling price. (Round answer to 2 decimal places, e.g. 10.50.)
Cheyenne corporation makes a commercial-grade cooking griddle. the following information is available for Cheyenne corporation's anticipated annual volume of 29,700 units.
Average home furnishings may have cheaper and trendier designs. However, commercial-quality furniture is generally more durable, better quality, sustainable and safer. However, not all home and commercial furniture are created equal.
Commercial products are designed with the target user in mind. Manufacturers know these products will be used in hotels and other establishments where guest experience and comfort are paramount. Therefore, they design products with guest-facing features such as: B. Smart technology or lighter weight.
The industrial-grade product has an extended temperature range from -45°C to 90°C as standard. Additionally, screen tests can be performed at much higher and lower temperature. Commercially available products are usually only rated for 0°C to 70°C, or often unrated.
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