INCOME STATEMENT: A financial statement known as an income statement lists a company's revenues and outlays for a given accounting period. It displays if a business generated a profit or loss during that time.
SOLUTION:
Equipment Account
Op. bal. 1800 Sold ( B.F ) 164
Purchases 214 cl. Bal. 1850
2014 2014
Acc. Dep. Account
dep. On sale 27 Op. bal. 1670
cl. Bal. 1870 Dep. Exp. 227
1897 1897
Original cost = 164
Acc. Dep. On sold equipment 27
Cash recd. = ( 164 - 27 - loss 10 )
=127
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TRUE/FALSE. any person eligible to be a debtor under a given bankruptcy proceeding may file a voluntary petition, but must be insolvent to do so. individual debtors must receive credit counseling before filing a bankruptcy petition under most circumstances. the bankruptcy code grants to u.s. district courts original and exclusive jurisdiction over all bankruptcy cases. a trustee in bankruptcy under chapter 7 may sell property included in the debtor's estate. a debt is an obligation to pay money owed by a debtor to a creditor.
Additionally, a person must have received credit counseling from an accredited credit counseling organization within 180 days prior to filing in order to qualify as a debtor under chapter 7 or any other chapter of the Bankruptcy Code. This counseling can be received individually or in a group setting.
A bankruptcy debtor may be anyone?Only those who "reside or have a domicile, place of business, or property in the United States or a municipality" are eligible to file for bankruptcy under section 109(a) of the Bankruptcy Code.
Only a voluntary petition filed in Bankruptcy Court by a debtor can start a Chapter 13 action.
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Section 1: Creating a Two-Month Budget
Imagine that you are a college student who lives away from home. You have a work-study job at your
college library, and you earn about $600 each month. You have one major long-term goal: you want to
save up money to visit your family soon, and you need at least $100 for your train tickets.
1. Create a budget that will allow you to save at least $100 by the end of October. (10 points)
Make sure your budget includes these fixed expenses:
The cost of rent ($250 each month for your shared apartment)
The cost of your bus pass ($40 each month)
The cost of books ($150, but only in September, at the beginning of the school year)
Make sure your budget considers these variable expense categories:
The cost of food
The cost of clothing
Discretionary spending (money to spend freely)
Personal Budaet
calculate how much you would have in 15 years if you saved $5,500 a year at an annual rate of 9 percent with the company contributing $1,375 a year. use exhibit 1-b. (round time value factor to 3 decimal places and answer to 2 decimal places.)
Future Value will be 20033.654
SolutionFuture Value = PV(1+r)ⁿ
Present Value = 5500
Rate of Interest = 9%
Number of Years = 15
FV = 5500(1+0.09)¹⁵
FV = 5500×3.643
FV= 20033.654
The worth of a resource at a future date is its future value. It is the present value multiplied by the accumulation function, and it estimates the nominal future sum of money that a certain amount of money is "worth" at a given point in the future under the assumption of a specific interest rate, or rate of return. The value is unadjusted for inflation or any other future-related variables that may impact the real value of money.
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Companies can research many aspects of buying decisions. However, the one that is the mostdifficult to identify is ________.A) what consumers buyB) how and how much they buyC) why they buyD) when they buyE) where they buy
C) why they buy is the correct option.
Companies can research many aspects of buying decisions. However, the one that is the most difficult to identify is C) why they buy.
What is Buying Decisions?
The decision-making process consumers utilize before, during, and after making a purchase of a good or service is known as the buying decision process. In the case of several choices, it might be viewed as a specific type of cost-benefit analysis.
"Why they buy" buying decisions is important because Businesses need to understand how and why consumers make decisions as it helps them make better business judgements. Businesses can customize their marketing initiatives to match the requirements and desires of their target market by understanding the processes involved in the decision-making process.
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) assuming the banking system has ample reserves, identify one action the central bank can take to help the economy recover from the recession.
Diminishing the rebate rate is an expansionary financial approach activity that will urge business banks to get assets from the national bank and broaden new credits, in this manner extending the cash supply.
How is the money supply managed by the central bank?National banks direct financial strategy by changing the stock of cash, for the most part through open market tasks. By selling government bonds under a "sale and repurchase" agreement, for instance, a central bank might take in funds from commercial banks while reducing the amount of money in circulation.
How does the Federal Reserve keep inflation under control?The Federal Reserve has traditionally used a number of tools to control inflation. Open market operations (OMO), the federal funds rate, and the discount rate are typically used together. The reserve requirement rarely changes as a result.
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Which one of the following statements best explains forecasting? Options: A. The less removed the forecast period is from the date the forecast is made, the greater the difficulty in making the forecast and the greater the risk that the actual results will differ from the forecast. B. Forecasting eliminates the uncertainty of future sales and expenses. C. Forecasting is typically done based on demand for the goods and products (i.e., guest demand to a hotel room). D. Forecasting generally relies on the managerial institution and expertise.
Demand for the goods and products is often taken into account while forecasting.
What is forecasting's level?The forecast level serves as a consumption level in addition to defining the bare minimum of detail for which the prediction is defined. The demand class, which also regulates the consumption of forecasts, can be included in the forecast level definition or not.
How can a bad forecast be handled?This article provides some advice on how to prevent a poor forecast so you don't feel like you're trying to strike a target while wearing blinders.
Make certain that Opportunities are Realistic and Achievable.
Managing Biases; Regularly Reviewing the Long-Term Forecast; Improving Bad Data and Data Input; and Managing Biases.
A Combination of Art and Science Can Improve the Sales Forecast.
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Reflect or think about an example where you have witnessed or experienced role conflict or team failure and the two types of ambiguity. State what happened and how you reduced the role conflict, addressed the team failure, or resolved the type of ambiguity.
A manager (John) hires his best friend (Ron) for operational job. Ron finds it very difficult to work after he tried his best to understand the job work or role. Other employees of the company also suffered because he is not able to perform his duties effectively.
As the time went on, it was clear that he was not able to handle responsibility, stress, or new work. John was also not able to punish him or scold him for his wrong doing because of the friendship they both share.
Manager has to redo, or do, 70% of the work from his desk. Manager also provides training to him, but nothing worked. Due to the emotional aspect of the hiring decision, the employees, company, him were affected. This put a serious strain on their friendship. The company suffered because John was not able to do his own work also because of double work- load. And also, company was paying a salary and benefits for an extra employee, but production was low.
This is the situation of role conflict for manager (John). He is not balancing between two role on is of a manager (employee of the company), and a friend of Ron.
Reduce conflict- when, everything go beyond the hands of manager, the company’s management talked with the manager and ask him to find solution. John (manager) privately talks with the Ron and explains him the whole situation.
Ron is also not happy with the job role. John (manager) found new job according to his skills in different company and Ron was also happy with this decision. Ron left the John’s company and they both perform their job roles effectively and efficiently.
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On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $66,200 and $1,900, respectively. During the year Kincaid reported $166,000 of credit sales. Kincaid wrote off $1,400 of receivables as uncollectible in Year 2. Cash collections of receivables amounted to $185,700. Kincaid estimates that it will be unable to collect one percent (1%) of credit sales. What would be the net realizable value of receivables appearing on Kincaid's Year 2 balance sheet?
Kincaid estimates that it will be unable to collect one percent (1%) of credit sales. The net realizable value of receivables appearing on Kincaid's Year 2 balance sheet will amount to: $53,520.
The balance of money owed to a business for items or services provided or utilised but that haven't yet paid for by clients is known as accounts receivable (AR). On the balance sheet, accounts receivable are shown as a current asset. Any sum of money that clients owe for purchases they made using credit is known as AR.
Receivables are recorded as current assets on the balance sheet of the company and are produced by extending the line of credit. to clients. Because they are able to be used collateral to receive a loan to help pay short-term commitments, they are regarded as liquid assets.
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Which of the following choices represents a challenge for an extended team?
Among the given options that represents a challenge for an extended team are Scope creep, Budget restrictions and poor communication. Option D is correct. All of these.
What do you mean by extended team?The extended team model, also known as team augmentation, is a business strategy that entails growing your internal team to complete projects for which it is not practical to engage employees on a long-term basis. The team members are still in charge of their tasks, and the project development is internal.
An additional set of hands for your internal team is provided by an extended team. With the extended team model, the in-house team and the outsourced team work together more closely and communicate more frequently.
Therefore option D is correct.
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Given options of the question:
a) Scope creep.
b) Budget restrictions and changes.
c) Lack of communication.
d) All of the Above
Consider the case of a professional translator who begins to lose work opportunities because new technologies can largely replace human translators. If she ends up responding to this economic shift by changing professions and becoming a graphic designer, she has experienced.
O historical mobility
O exchange mobility
O structural mobility
O social reproduction
If she ends up responding to this economic shift by changing professions and becoming a graphic designer, she has experienced structural mobility.
A career, academic and applied arts field, graphic design involves projecting visual media to convey specific messages to social groups with specific goals. Graphic design is an integrated field of design and fine art. The function of the graphic designer in the communication process is to encode or interpret the messages.
They work on how to interpret, organize, and present visual messages. All in all, graphic design goes beyond what mere words can say to convey thoughts, feelings, and attitudes. This is done through the aesthetics of the typography, the composition of the text, the decoration, and the images.
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models show the organization of data without indicating how it is stored, created or manipulated. group of answer choices physical functional nonfunctional logical
The structure of data without mentioning how it is created, saved, or otherwise handled is demonstrated by a logical data model.
Data models connect core business principles with data definitions and explain data architecture. The relationships, data structures, and data flow between diverse entities, such as tables, programs, or data storage, are also thoroughly understood by organizations and their client's thanks to data models. The variables and the relationships between them that a business wants to collect data on are outlined in a non-database-specific model called a logical data model.
While the logical data models act as a template for the data that will be used, the physical data models include details on how the data will be applied. Database administrators and application developers will subsequently translate the logical data model into the actual database's tables, columns, keys, and other components.
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The actual question is :
data models show the organization of data without indicating how it is stored, created or manipulated whereas data models show how the data will actually be stored?
records from ar random sample of dairy farms yeilded the infomation vwloq on rhw numbwe od mkw ns female calves
The probability that a randomly selected calf was born in the night or female can be : 369/513
The correct option is (a)
Now, According to the question:
The number of male and female calves born at various times of the day:
Day Evening Night Total
Males 129 15 117 261
Females 118 18 116 252
Total 247 33 233 513
The probability rules:
General addition rule: P(A or B) = P(A) + P(B) - P(A and B)
Complement rule: P([tex]A^c[/tex]) = P(not A) = 1 - P(A)
P(B | A) = P(A∩B)/P(A) = P(A and B)/P(A)
The probability is the number of favorable outcomes divided by the number of possible outcomes.
P(Born at night) = [tex]\frac{233}{513}[/tex] P(Female)= [tex]\frac{262}{513}[/tex] P(Female and born at night) = [tex]\frac{116}{513}[/tex]
Hence, the probability that a randomly selected calf was born in the night or female can be determined by:
P(Female or born at night) = P(Female) + P(Born at night) - P(Female and born at night)
= [tex]\frac{223}{513} + \frac{262}{513}-\frac{116}{513}[/tex]
= [tex]\frac{223+262-116}{513}[/tex]
= [tex]\frac{369}{513}[/tex]
The correct option is (a)
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The complete question is this:
Records from a random sample of dairy farms yielded the information below on the number of male and female calves born at various times of the day.
Day Evening Night Total
Males 129 15 117 261
Females 118 18 116 252
Total 247 33 233 513
What is the probability that a randomly selected calf was born in the night or was a female ?
a) 369/513
b)485/513
c)116/513
d) 116/252
the active area of a worksheet contains data or has contained data and does not contain cells that were not used in the worksheet. true or false
The following statement "the active area of a worksheet contains data or has contained data and does not contain cells that were not used in the worksheet" is true.
A worksheet in its specific sense refers to a piece of paper used for work. Although they can take many different shapes, they are most frequently associated with accounting, tax preparation, and other commercial situations. The worksheet that is entirely paper-based is gradually being replaced with software.
It is "a small piece of paper used to file painting schedules, operating hours, special instructions, etc. a small piece of paper used to draw problems, ideas, or the like." There should be questions for students and spaces for them to record their answers on any worksheets used in the classroom.
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Suppose the equilibrium aggregate price level is rising and the equilibrium level of real GDP is rising. Which most likely caused these changes? A) increase in aggregate supply B) increase in aggregate demand C) decrease in aggregate supply D) decrease in aggregate demand
C) These changes most likely resulted from a decrease in aggregate supply.
What results from a reduction in aggregate supply?The aggregate supply would decrease as a result of this reduction. In this model, the lower total stockpile could prompt interest surpassing result. Price is likely to rise as a result of that and the rise in production costs.
What influences the aggregate supply?Total stock is the labor and products created by an economy. It is driven by the following four production factors: natural resources, capital goods, labor, and entrepreneurship.
When aggregate supply falls, what happens to inflation?At the point when the total stock of labor and products diminishes on account of an expansion underway expenses, it brings about cost-push expansion. The increase in costs is passed on to customers as a way to make up for it, leading to an overall price increase: inflation.
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An unlicensed assistant may do all of the following activities, EXCEPT:
A. assist the licensee with administrative duties and tasks
B. exhibit units for rent and provide tenants with information about the lease agreement
C. exhibit homes that are for sale and show the buyer around the home
D. fill in preprinted lease agreements and collect monies from prospective tenants, as long as the employee does not negotiate rents
An unlicensed assistant may do all of the following activities, except exhibit homes that are for sale and show the buyer around the home.
Which of the following actions is permissible for an unlicensed assistant?Unlicensed assistants are permitted to mail, deliver, pick up, or arrange for the mailing, delivery, or picking up of documents or other instruments related to the transaction, including obtaining signatures on the documents or other instruments from the principals, parties, or service providers in connection with the transaction.
These tasks may be carried out by an unauthorized personal assistant: Dispatch calls to a licensee by picking up the phone. listing and updating a multiple listing service (MLS) Once a deal has been reached, follow through on loan agreements.
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a situation in which only higher-risk employees select and use certain benefits under a flexible benefits plan provided by employers is referred to as .
a situation in which only higher-risk employees select and use certain benefits under a flexible benefits plan provided by employers is referred to as adverse selection.
What is adverse selection?
Adverse selection is a common term in the economics, risk management, and insurance when the higher-risk individual is dominant or mostly have some of benefit than other individual.
Since the higher risk have more benefit than other individual, it will increase the probability of lost in the organization or company, so it called adverse selection.
Thus, the given situation is only higher-risk employees that have benefit to choose the flexible benefits plan, it is referred as adverse selection.
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ash flows from investing activities, it's important to review where a company's investment activity falls within its financial statements. There are three main financial statements: the balance sheet, income statement, and cash flow statement.
Organizations should monitor and analyze three main types of cash flow: cash flow from operating operations, cash flow from investment activities, and cash flow from financing activities. These three categories of cash flow can be used to determine the liquidity and solvency of the company. All three appear on the cash flow statement of a business.
What are the three financial statements?
Income statement, balance sheet, and cash flow statement are all required financial statements.
Trading professionals can utilize these three statements as instructional tools to evaluate a company's financial standing and swiftly ascertain its true worth.
Why Are Investment Activities Important?
The line item for investing activities is one of the most significant ones on a company's cash flow statement.
You can learn from them about how a company might develop in the future and generate more income.
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Unique Creations holds a monopoly position in the production and sale of magnometers. The cost function facing Unique is estimated to be
TC=$100,000+20QTC=$100,000+20Q
What is the marginal cost (MC) for Unique?
If the price elasticity of demand for Unique is currently –1.5, what price should Unique charge?
What is the marginal revenue (MR) at the price computed?
If a competitor develops a substitute for the magnometer and the price elasticity increases to –2.25, what price should Unique charge?
The price Unique must charge has gone down to $30
Solution A:
Marginal Cost for Unique
TC = $100,000+20Q
Differentiate the total price function
MC = d/dQ($100,000+20Q)
= 20
Answer: Marginal Cost 20
Solution B:
Price to be charged
MR = p (1+ 1/Ed) this is equation 1
The marginal revenue (MR) is expressed as the $20 whilst the elasticity of demand (Ed) which is -1.5.
Then we alternative the values of MR and demand elasticity in equation 1
MR = p (1+1/Ed )
20= p(1+1/-1.5)
20= p(.5/1.5)
20*1.5=P.5
30=p.5
P=30/0.5
Answer:
Unique have to cost fee $60
Solution C:
Marginal Revenue at rate $60
MR = P(1+1/Ed )
60(1+1/-1.5)
60*(0.5//1.5)
Answer:
At charge of $60, Marginal revenue is $20
Solution D:
Change in demand elasticity due to substitutes
Marginal income ought to be equal to marginal value to obtain equilibrium
MR = P(1+1/Ed)
20= MC
P(1+1/-3)=20
p(2/3)
20
P=60/30
= 30
Answer:
The price Unique must charge has gone down to $30
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https://brainly.com/question/17230008#SPJ4American clothing manufacturer simple suits was sued in new york courts by watchdog groups that discovered the poor working conditions in manufacturing plants in a u.s. territory. customers are typically concerned with human rights abuses and other problems with supplier relationships at home and abroad.
True or False
The given statement that the American clothing manufacturer Simple Suits was sued in New York courts by watchdog groups that discovered the poor working conditions in manufacturing plants in a U.S. territory is true.
What is the importance of working conditions?Workplace variables that have an impact on productivity include working hours, stress levels, level of safety, and danger. The motivation of the personnel, and therefore their performance, is highly influenced by improving the work environment and conditions. If a bad work environment may ruin your company, a great work environment can do the exact opposite.
The staff is considerably more likely to produce their best job when they are content, engaged, and joyful. They will become infinitely more productive and less prone to errors. Morale and productivity at work can be greatly affected by the workplace environment. Additionally, by lowering the likelihood of workplace accidents, good working conditions also preserve the well-being of their employees reducing financial liabilities and the need to take time off.
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Braden is preparing several success stories prior to his job interview for a sales representative position. Which of the following scenarios would result in the best success story for this position?
a. A story about volunteering for a local food bank over the holidays
b. A story about working as part of a team in college to prepare a classroom presentation about a company's history
c. A story about a lemonade stand that Braden ran when he was a child
d. A story about developing a new sales technique that increased his customer sales by 30 percent over a six-month period
In preparation for his job interview for the post of sales representative, Braden is assembling a number of success tales. The perfect success story for this position would be one about creating a new sales strategy that raised his customers' sales by 30% over the course of six months.
Which of the following tips would you give someone who is calling an employer to make a good first impression?Ask if you can call back in a few minutes if you were surprised by the call.
If a hiring manager questions why they should choose you over other candidates who have more experience, how should you respond?Sincerely, I have every qualification you're seeking for in terms of knowledge and expertise. I am fairly sure that I am the most qualified applicant for this position. My experience with previous initiatives, along with my aptitude for working with people, will be useful in this role.
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What's the profit at maturity of a long call bought at p that has a strike K, if the underlying asset price is S ?
a, both
b, neither
c, S - K - p if S > K, and - p otherwise
d, max(S - K,0) - p
If the price of the underlying asset is S and a long call was purchased at p with a strike price of K, the profit at expiry is S - K - p if S > K, - p thereafter, and max(S - K,0) - p.
What are revenue and profit?Profit refers to net income after removing expenditures from earnings, whereas revenue refers to transaction prices via company activities. Sales, fee-based revenue, and real - estate income are just a few of the several ways that money might come in.
Is the term "profit" optimistic?Profit can be shown as an either positive or negative figure, similar to cash flow. Due to the fact that the business expended more money functioning then it was capable of recovering from its activities, when this computation yields a zero balance, it is often stated to as a loss.
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max and sarah smith are a married couple. they are both 30 years old, and they have a 3-year-old girl. max is a loan officer and earns $55,000 a year. sarah works as a retail store manager and makes $50,000 a year. max's life expectancy is 80 years, and sarah's is 82. they plan on retiring when they are 65. there are three health insurance policies that they could choose from (see pages 3-5).
There are three health insurance policies that they could choose from. In both situations, individuals ought to pick First Care Bronze, which will come near to covering their yearly medical costs.
What costs are regarded as medical?
Medical expenses are the costs associated with diagnosing, treating, mitigating, preventing, or treating a disease in order to affect any organ system or bodily function. These costs cover the payment of doctors, surgeons, dentists, and other medical professionals who provide legitimate medical services.
What kinds of medical costs qualify for tax deductions?
Excessive qualifying, unreimbursed medical and dental costs that surpass 7.5% of your AGI are deductible.
Let's say your family has $10,000 in medical expenses for the tax year, and you have an AGI of $50,000. Any costs that exceed $3,750 ($50,000 x 7.5%) can be written off, which in this case would be $6,250.
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based on the map, which of the following best explains the area of the andes mountains that would have the greatest number of rivers?
The region of the Andes with the largest number of rivers is located in the western part of the mountain range. This is because the western side of the Andes is much wetter than the eastern side. The western side of the Andes receives more precipitation in the form of rain and snow, which is then fed into the region's rivers.
Additionally, this part of the mountain range is located near the Pacific Ocean, which increases the amount of rainfall the region receives. The area is also home to some of the highest peaks in the Andes, which contribute to the high number of rivers in the area. In addition, the steep slopes of the western side of the Andes create a unique geography that allows water to be easily collected from the mountains and channeled into rivers. All these factors combine to make the western region of the Andes the region with the largest number of rivers.
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TRUE OR FALSE the gatt agreement has an escape clause whereby member nations may levy increased duties on imported products where there are unforeseen circumstances that cause or threaten serious injury to domestic producers
The statement is true because the GATT accord features an exit clause allowing member states to charge high taxes on imports when unveil result in or pose a danger to harm domestic manufacturers.
What does the word "product" mean?Any good or service you offer to satisfy an user's need or desire is a product. There are both real and virtual ones. Durable things (such as automobiles, furniture, and laptops) and highly perishable items are examples of physical products (like food and beverages).
What kind of items come to mind?Electronics, furniture, jewellery, etc. are a few examples. These goods often have higher price points. These items are scheduled purchase. Specialty Items: Customers take extra steps to purchase niche goods.
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Andrews Corporation uses the weighted-average method of process costing. The following information is available for February in its Polishing Department:
Equivalent units of productionâdirect materials 124,000 EUP
Equivalent units of productionâconversion 107,200 EUP
Costs in beginning Work in Processâdirect materials $ 67,800 Costs in beginning Work in Processâconversion $ 49,800 Costs incurred in Februaryâdirect materials $ 572,900 Costs incurred in Februaryâconversion $ 719,500 The cost per equivalent unit of production for conversion is:
Multiple Choice
a. $12.06
b. $6.71
c. $7.18
d. $6.20
e. $5.98
C) Conversion costs $7.18 per equivalent unit of production. In cost accounting, the sum of direct labor costs and manufacturing overhead costs is referred to as conversion costs.
The costs in beginning work in process—conversion are $49,800; costs in February—conversion are $719,500;
equivalent units of production—conversion are 107,200. The cost per equivalent unit of production for conversion is ($49,800+$719,500)/107,200=$7.18.
The cost per equivalent unit of production for conversion is the sum of the costs in beginning work in process—conversion and the costs incurred in February—conversion.
In a process cost system, the production cost report for each processing department calculates the cost per equivalent unit. It is typically calculated separately for conversion costs and direct materials.
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affirm has 5 per year carrying on each unit of inventory and annual usage of 40000 unit ordering cost
The affirm has 5 per year carrying on each unit of inventory and annual usage of 40000 unit ordering cost was the 200,000.
What is inventory?The term inventory refers to the company are ready to sell the merchandise, goods, and services and the earn profit. The company used the raw material are converted into the finished goods.
holding cost per unit per year = 5 year
average inventory level = 40000
Annual holding cost = ?
Annual holding cost = average inventory level x holding cost per unit per year.
Annual holding cost = 5 × 40000
Annual holding cost = 200,000.
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Why did the US Congress pass the Sarbanes-Oxley Act in 2002?
By the start of the millennium, various accounting
by big businesses came to light. Consequently, investors lost their trust in
accounting process. To restore their confidence, this act was passed by the US Congress. The act looked into fraud of
misleading the investors and/or of non-disclosure of certain information that could have helped investors make informed choices.
US Congress pass the Sarbanes-Oxley Act in 2002 to restore their investor confidence.
What was the Sarbanes-Oxley Act of 2002?The legislation came in response to the financial scandals in the early 2000s involving publicly traded companies like as Enron Corporation, Tyco International plc, and WorldCom. The scandal shook the investor confidence in the trustworthiness of corporate financial statements and led many to demand an overhaul of decades-old regulatory standards.
As a response, the act created new rules for accountants, auditors, and corporate officers and imposed more stringent recordkeeping requirements.
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The reason why the US Congress pass the Sarbanes-Oxley Act in 2002 was that The act looked into fraud of misleading the investors and/or of non-disclosure of certain information that could have helped investors make informed choices.
What was Sarbanes-Oxley Act ?Congress passed the Sarbanes-Oxley Act of 2002 in response to massive corporate fraud and failures. By establishing new auditor criteria and shifting accountability for the thorough and accurate management of financial reports, the legislation imposed new regulations for corporations.
An Internal Controls Report is a requirement of the Sarbanes Oxley Act for all financial reports. This demonstrates that a company's financial data is accurate and that sufficient procedures are in place to protect it. Also necessary are year-end financial disclosure reports.
Therefore, option D is correct.
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Riojas, Incorporated, is an all-equity firm with a weighted average cost of capital of 13.3 percent. The current market value of its equity is $4.2 million Assume there are no taxes. According to MSM Proposition I, what will be the value of the company if it changes to a debt-equity ratio of 627
$4.2milion the value of the company if it changes to a debt-equity ratio of 627.
What is the M&M theory and how is it used?One of the most significant theorems in corporate finance is the M&M Theorem, often known as the Modigliani-Miller Theorem. The economists Merton Miller and Franco Modigliani formulated the theorem in 1958. According to the M&M theory, a company's capital structure has no bearing on its overall worth.
According to the Modigliani-Miller theorem (M&M), a firm's market value may be accurately determined as the sum of its underlying assets and its future net present value of profits. This calculation is made independently of the capital structure of the company. The M&M theory: what is it and how does it work?
According to M&M proposition 1,
if there are no taxes,
Value of the levered firm = the value of unlevered firm.
value of company = $4.2milion
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if overhead cost does not bear a relation to the allocation base, allocating overhead cost using a single plantwide overhead rate c
If overhead cost does not bear a relation to the allocation base, allocating overhead cost using a single plantwide overhead rate can distort product cost.
In the sector of enterprise, a persevering with price of going for walks a business enterprise is called overhead or overhead charge. Unlike working charges like uncooked fabric and labour, overheads can not without difficulty be related to or known with anybody sales unit. As a result, overheads can not be at once related to the products or offerings being provided, this means that they do now no longer produce profits.
However, overheads are nevertheless crucial to enterprise operations on the grounds that they provide the business enterprise the crucial help it desires to interact in worthwhile activities. All charges at the profits declaration apart from direct labour, direct supplies, and direct charges are called overhead charges.
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An invoice is never subject to both trade and cash discounts. true false
False. Since, an invoice is a subject to both cash and trade discounts.
How does an invoice is a subject to both trade and cash discounts?An invoice, or tab is a commercial document issued by a Seller to a Buyer in connection with a sale transaction, specifying the products, quantities and agreed prices for the products or services provided by the Seller to the Buyer. Payment terms are normally stated on the invoice.
Transaction rebates are not explicitly reflected in the company's books of accounts and all transactions are entered in the sales ledger as a net amount. In contrast, cash discounts on the finance book are shown separately as an expense on the income statement. Not all invoices receive a cash discount. If no cash discount is offered, the invoice issuer will only require full payment. "n/30", for example, indicates that no cash discount applies and the credit period ends 30 days after it started.
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