Someone who gives money or goods to an organization
A. Donor
B. Provider

Answers

Answer 1

Answer:

Donor

plz mark me as brainliest.


Related Questions

Use the following stockholders' equity section of Marcy Company on December 31, 2004 to answer questions 45 through 50. Treat each question independent of the other questions - so your answer to question 46 should not be influenced by the answer to question 45, and so on:

Preferred Stock - 6% cumulative, $20 par value, 10,000 shares authorized, 5,000 shares issued and outstanding . .$100,000
Contributed Capital in excess of par value, Preferred Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 250,000
Common Stock, $5 par value, 20,000 shares authorized, 10,000 shares issued and outstanding. . . . . . . . . . . . . . . . 50,000
Contributed Capital in excess of par value, Common Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 450,000
Total Contributed Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $850,000
Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150,000
Total Stockholders' Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,000,000

The average issue price per share of preferred stock must have been: _________

Answers

Answer:

$70.00

Explanation:

Average issue price per share of preferred stock = (Preferred stock capital + Contributed capital in excess of par value, Preferred Stock) / Number of shares issues & outstanding

Average issue price per share of preferred stock = ($100,000 + $250,000) / 5,000 shares

Average issue price per share of preferred stock = $350,000 / 5,000 shares

Average issue price per share of preferred stock = $70.00

assess the way in which a business would benefit from a low interest rate 6 mark

Answers

Answer:

one way that a business would benefit from a low intrest  rate is that there will be more customer because the borrowing rate is low

Explanation:

You have just been elected to public office and you have been informed that the government does not have money to pay all of its bills.
You have been told that if you were to cut the marginal tax rate, tax revenue would actually increase. Is this true and if so, what would
be the reason for this?
Choose one

Answers

Answer:

Yes. But I actually don't know the reason

please if you get the answer, please

text me. sorry for bothering you

rr Co. adopted the dollar-value LIFO inventory method on December 31, Year 12.Farr's entire inventory constitutes a single pool. On December 31, Year 12, the inventorywas $480,000 under the dollar-value LIFO method. Inventory data for Year 13 are asfollows:12/31/13 inventory at year-end prices$660,000Relevant price index at year end (base year Year 12)110Using dollar value LIFO, Farr's inventory at December 31, Year 13 isa.$528,000.b.$612,000.c.$600,000.d.$660,000

Answers

Answer:

b. $612,000

Explanation:

Dec 31, 2013 inventory = $660,000

Value of Dec 31, 2013 inventory at base year (2012) prices = $660,000/110*100 = $600,000

The real-dollar quantity increase in inventory = ($600,000 - $480,000) = $120,000

Value of this real dollar quantity increase in inventory at Dec 31, 2013 prices=   $120,000 * 110/100 = $132,000 (LIFO layer to the Dec 31, 2012 inventory)

Value of Dec 31, 2013 inventory = Dec 31, 2012 inventory + The value of LIFO layer formed

Value of Dec 31, 2013 inventory = $480,000 + $132,000

Value of Dec 31, 2013 inventory = $612,000

Ed Curtiss is a sales representative with a small electronics firm. Ed's employer has made significant design changes to its top-selling scientific calculator. Ed has a meeting with the superintendent of a large, urban school district and hopes to make a large sale of the calculators, which would be suitable for high school math students. The _______ approach would most likely be effective for Ed.

Answers

Answer:

Product

Explanation:

Bonita Industries financed the purchase of a machine by making payments of $29000 at the end of each of five years. The appropriate rate of interest was 8%. The future value of one for five periods at 8% is 1.46933. The future value of an ordinary annuity for five periods at 8% is 5.86660. The present value of an ordinary annuity for five periods at 8% is 3.99271. What was the cost of the machine to Bonita?

Answers

Answer:

Cost of Machine today = $115788.59

Explanation:

To calculate the cost of machine to Bonita in today's term, we need to calculate the present value of annuity. We know that the payments made are in form of an ordinary annuity because the amount of payment is fixed (29000) , the payments are made after equal interval of time (at the end of each year) and are made in finite number (5 years).

We will multiply the annuity payment per period by the PV of ordinary annuity factor as provided in the question to calculate the value or price of machine today.

Cost of Machine today = 29000 * 3.99271

Cost of Machine today = $115788.59

Charise is considering how much to charge for her small business’s products. Charise is involved in

Group of answer choices

Answers

Answer:

charity

Explanation:

Monsanto Company, a large chemical and fibers company, invested $37 million in state-of-the-art systems to improve process control, laboratory automation, and local area network (LAN) communications. The investment was not justified merely on cost savings but was also justified on the basis of qualitative considerations. Monsanto management viewed the investment as a critical element toward achieving its version of the future. What qualitative and quantitative considerations do you believe Monsanto would have considered in its strategic evaluation of these investments

Answers

Solution :

The investment which was made by the Monsanto Company had both qualitative as well as quantitative aspects. The quantitative aspect of the investment represents the strategic evaluation which relates to the investment in order to improve the process control and the laboratory automation. While improving the process control helps in controlling the working process of the machines and the human force which reduces the wastage to a large extent, it also increases the efficiency and it reduces the cost per unit.

The laboratory automation increases the efficiency of working and also increases the production. Strengthening the LAN network improves the organizations' communication and also reduces the unnecessary delays in the work saving cost. Improving the local area network provides qualitative improvement and it speeds up the work thus reducing the wastage of time and promotes effective communication.

Van Frank Telecommunications has a patent on a cellular transmission process. The company has amortized the $26.10 million cost of the patent on a straight-line basis since it was acquired at the beginning of 2017. Due to rapid technological advances in the industry, management decided that the patent would benefit the company over a total of six years rather than the nine-year life being used to amortize its cost. The decision was made at the end of 2021 (before adjusting and closing entries.

Required:
Prepare the appropriate adjusting entry for patent amortization in 2013 to reflect the revised estimate.

Answers

Answer:

Original Cost = $26.10

Annual Amortization (Old) = $26.10 / 9 years

Annual Amortization (Old) = $2.9 million

Amortization till Date (2017 - 2021) = $2.9*4 = $11.6 million

Unamortized Value = $26.10 million - $11.6 million

Unamortized Value = $14.5 million

Remaining Life = 6 - 4

Remaining Life = 2 Years

New Amortization = Unamortized Value/Remaining Life

New Amortization =  $14.5/2

New Amortization = $7.25 million

                    Journal Entry

Amortization Expense Debit - $7.25 million

      Patent Credit -  $7.25 million

You are the manager for a Pizza restaurant. Currently, your restaurant pre-makes pizzas that are ordered the most to increase the number of pizzas being made on time for your customers. Over time, many customers have complained that their pizzas were cold upon delivery and not fresh, requesting refunds or remakes of their pizza. Your location is losing money from these wasteful practices, therefore, you want to create a Kanban based on the following basic principles:

1. A later process tells an earlier process when new items are required. This means that unless a customer orders a pizza, no pizzas will be made. Pull!
2. The earlier process produces what the later process needs.
3. No Items can be made without a Kanban card (order request). This allows the process to be transparent so everyone knows what is going on.
4. Defects are not passed on to the next stage.Create a Kanban board for your pizza company that delivers. You must have 4-6 columns with headings for each.

Required:
Decide what your Kanban cards will represent. Set Rules for your Kanban.

Answers

Answer:

RULES OF KANBAN BOARD

Yellow – A Slice of Pizza

• Blue – Full Pizza

• Green – Soda

• Green jumps from Queue to Pack only

• No pizza will be delivered without quality check

• Pizza will return to the backlog, if it is found with inferior quality during quality check

• A unique token number will be given for each order

• Orders with multiple pizza or a combo order will be given same unique token number

• Pizza will be prepared in the order of token number

• Token number will include initials “C” for carry out, “D” for dine in

THE ATTACHED IMAGE HAS THE REPRESENTATIONS OF KANBAN CARDS.

Measuring actual performance can be done through:



a.
Assessing the behavior of employee



b.
Assessing the output of employee



c.
Both are correct


d.
Non are correct

Answers

Answer: c.  Both are correct

Explanation:

Assessing the output of an employee shows some of the actual performance of that employee as it shows just how much they have contributed to the overall output of the company.

Assessing employee behavior also shows actual performance because behavior can influence output for example, how often the employee shows up to work and their work ethic when there. In the service industry as well, behavior can affect company sales as people react to how they are treated. It is therefore an important matric for actual performance evaluation.

Swifty Company manufactures and sells three products. Relevant per unit data concerning each product are given below. Product A B C Selling price $9 $14 $18 Variable costs and expenses $6 $12 $15 Machine hours to produce 2 1 2 Compute the contribution margin per unit of limited resource (machine hours) for each product. (Round contribution margin per unit to 2 decimal places, e.g. 1.50.) Product A Product B Product C Contribution margin per unit of limited resource $ $ $ Assuming 3,000 additional machine hours are available, which product should be manufactured

Answers

Answer:

Product A = 1.50

Product B =  2

Product C =  1.50

Explanation:

Contribution margin = (price - variable cost) /  total number of hours

Product A = ($9 - $6) / 2 = 1.50

Product B = ($14 - $12) / 1 = 2

Product C = ($18 - $15) / 2 = 1.50

Product B would be produced because its contribution margin is the highest

Betram Chemicals Company processes a number of chemical compounds used in producing industrial cleaning products. One compound is decomposed into two chemicals: anderine and dofinol. The cost of processing one batch of compound is $73,000, and the result is 5,600 gallons of anderine and 7,600 gallons of dofinol. Betram Chemicals can sell the anderine at split-off for $13.00 per gallon and the dofinol for $7.45 per gallon. Alternatively, the anderine can be processed further at a cost of $7.50 per gallon (of anderine) into cermine. It takes 2 gallons of anderine for every gallon of cermine. A gallon of cermine sells for $65.
Required:
1. List the relevant benefits and costs for each alternative.
2. Which alternative is more cost effective and by how much?
3. What if the production of anderine into cermine required additional purchasing and quality inspection activity? Every 500 gallons of anderine that undergo further processing required 20 more purchase orders at $10 each and 15 more quality inspection hours at $25 each. Which alternative would be better and by how much?

Answers

Answer:

Betram Chemicals Company

1. Relevant benefits and costs for each alternative:

                             Sale at split-off         Sale after

                                                       further processing

Revenue                   $129,420            $238,620

Joint Costs                   73,000                 73,000

Cost for further processing -                   42,000

Gross profit               $56,420             $123,620

Additional profit         $0                       $67,200

2. Further processing of Anderine is more cost-effective by $67,200.

3. Further processing of Anderine is still better by $60,760.

Explanation:

a) Data and Calculations:

                                   Anderine     Dofinol      Cermine   Total Costs

Gallons                         5,600          7,600       $73,000     $73,000

Selling price per gal.  $13.00          $7.45

Sales revenue           $72,800     $56,620                        $129,420

Gross profit                                                                          $56,420

Further processing                                         $42,000

Total costs of production                              $115,000      $115,000

Output                      (5,600)            7,600         2,800

Selling price per gallon                    $7.45         $65

Sales revenue                              $56,620     $182,000 $238,620

Gross profit                                                                        $123,620

Profit from further processing:

Gross profit with further processing  $123,620

Gross profit before further processing 56,420

Additional profit                                   $67,200

1. Relevant benefits and costs for each alternative:

                             Sale at split-off         Sale after

                                                       further processing

Revenue                   $129,420            $238,620

Joint Costs                   73,000                 73,000

Cost for further processing -                   42,000

Gross profit               $56,420             $123,620

Additional profit         $0                       $67,200 ($123,620 - $56,420)

What if:

Purchasing order cost (5,600/500 * 20 * $10) = $2,240

Quality inspection cost (5,600/500 * 15 * $25) = $4,200

Additional costs = $6,440

Reduced additional profit = $60,760 ($67,200 - $6,440)

What are the different aspects by which an emerging technology is defined?
What are the different aspects by which an emerging technology is defined?
(you can choose more than one sentence)
Emerging technologies are mostly those that arise from new knowledge. Emerging technologies may develop in new markets, this makes it easier to determine their demand. However, at times, the market for this technology may be non-existent. These technologies can be evaluated by using existing technologies as heuristics. SCORE is an example of a heuristic evaluation method. There are no standard methods used to evaluate emerging technologies.

Answers

Answer:

this dude got da same question. check out the answer https://brainly.com/question/13301403

Explanation:

Answer: BEHOLD!!

Explanation:

Given a reserve requirement of 12.5%, a bank currently meets their reserve requirements with $15,000,000 in excess reserves. If the reserve requirement increases and the bank must hold an additional $1,800,000, by how many percentage points did the reserve requirement increase

Answers

Answer:

1.5%

Explanation:

Reserves is the total amount of a bank's deposit that is not given out as loans  

Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank  

Excess reserves is the difference between reserves and required reserves

Total increase in reserve = $15,000,000 + $1,800,000=  $16,800,000

New excess reserve = total increase in reserve x initial reserve requirement) / initial excess reserve

($16,800,000 x 12.5%) / $15,000,000 = 14%

Increase in reserve requirement = 14% - 12.5% = 1.5%

Which type of market
buys goods and
services to produce
public services or to
transfer them to others
who need them?
a.
retail
b.
consumer
C.
government
d.
wholesaler​

Answers

government i think correct me if im rwong l

The following information pertains to Brian Stone Corporation: Beginning fixed manufacturing overhead in inventory $60,000 Ending fixed manufacturing overhead in inventory 45,000 Beginning variable manufacturing overhead in $30,000 inventory Ending variable manufacturing overhead in inventory 14,250 Fixed selling and administrative costs $724,000 Units produced 5,000 units Units sold 4,800 units What is the difference between operating incomes under absorption costing and variable costing

Answers

Answer:

$15,000

Explanation:

Calculation to determine What is the difference between operating incomes under absorption costing and variable costing

Using this formula

Rifference between operating incomes under absorption costing and variable costing=Beginning fixed manufacturing overhead in inventory -Ending fixed manufacturing overhead in inventory

Let plug in the formula

Diifference between operating incomes under absorption costing and variable costing=$60,000-$45,000

Diifference between operating incomes under absorption costing and variable costing=$15,000

Therefore the difference between operating incomes under absorption costing and variable costingis $15,000

Time Warner Inc. is a leading media and entertainment company with businesses in television networks, filmed entertainment, and publishing. The company's recent annual report contained the following information (dollars in millions):

Net loss $(13,402 )
Depreciation, amortization, and impairments 34,790
Decrease in receivables 1,245
Increase in inventories 5,766
Decrease in accounts payable 445
Additions to equipment 4,377

Required:
a. Based on this information, compute cash flow from operating activities using the indirect method.
b. What were the major reasons that Time Warner was able to report a net loss but positive cash flow from operations? Why are the reasons for the difference between cash flow from operations and net income important to financial analysts?

Answers

Answer and Explanation:

a. The cash flow from operating activities using the indirect method is

Net loss $(13,402 )

Add: Depreciation, amortization, and impairments $34,790

Add: Decrease in receivables $1,245

Less: Increase in inventories -$5,766

Less: Decrease in accounts payable -$445

Net cash flow from operating activities $16,442

b. The reasons for net loss but positive cash flow from operations are

Change in current assets, liabilities, depreciation

ANd, the reasons for having a difference is that the operating activities records the cash payment & cash receipt related to operating activities and the rest of things would be ignored

The partnership of Hendrick, Mitchum, and Redding has the following account balances: Cash $ 53,000 Liabilities $ 38,000 Noncash assets 138,000 Hendrick, capital 98,000 Mitchum, capital 73,000 Redding, capital (18,000 ) This partnership is being liquidated. Hendrick and Mitchum are each entitled to 40 percent of all profits and losses with the remaining 20 percent going to Redding. What is the maximum amount that Redding might have to contribute to this partnership because of the deficit capital balance

Answers

Answer:

$45,600

Explanation:

Particulars                                                                         Amount

Redding capital                                                                $18,000

Potential loss of non-cash Assets (138,000*20%)         $27,600

Maximum amount contributed by Redding, Capital  $45,600

So, the maximum amount that Redding might have to contribute to this partnership because of the deficit capital balance is $45,600.

The Wiz Co. owes $60 to its bondholders for the payment of principal and interest. The company expects to have a cash flow of $136 if the economy continues as it is but that cash flow will decrease to $54 if the economy enters a recession. Should the company ever face the real possibility of bankruptcy, it will incur legal and other fees of $30. What amount will the bondholders be paid in the case of a recession

Answers

Answer:

$24

Explanation:

Cashflow If economy as it is = $136

Cashflow if economy in recession = $54

In the event that the company goes bankrupt due to the recession, it will have to pay $30 in legal and other costs, so the company will set aside $30.

So, Bondholders payment = Cashflow in recession - legal & other cost

= $54 - $30

= $24

Hence, the bondholders will be paid $24 in the case of a recession.

Cameron Industries is purchasing a new chemical vapor depositor in order to make silicon chips. It will cost $7,000,000 to buy the machine and $20,000 to have it delivered and installed. Building a clean room in the plant for the machine will cost an additional $3 million. The machine is expected to raise gross profits by $4,500,000 per year, starting at the end of the first year, with associated costs of $1 million for each of those years. The machine is expected to have a working life of seven years and will be depreciated over those seven years. The marginal tax rate is 40%. What are the incremental free cash flows associated with the new machine in year 0?
A) -$10,020,000
B) -$7,000,000
C) -$9,018,000
D) $1,002,857

Answers

Answer:

A) -$10,020,000

Explanation:

Year 0 cash flow = -(Cost of Machine + Installation Cost + Clean Room Cost)

Year 0 cash flow = -($7,000,000 + $20,000 + $3,000,000)

Year 0 cash flow = -$10,200,000

So, the incremental free cash flows associated with the new machine in year 0 is ($10,200,000).

Charles lives in Houston and runs a business that sells boats. In an average year, he receives $851,000 from selling boats. Of this sales revenue, he must pay the manufacturer a wholesale cost of $476,000; he also pays wages and utility bills totaling $281,000. He owns his showroom; if he chooses to rent it out, he will receive $71,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Charles does not operate this boat business, he can work as an accountant, receive an annual salary of $34,000 with no additional monetary costs, and rent out his showroom at the $71,000 per year rate. No other costs are incurred in running this boat business.
Implicit Cost
Explicit Cost
The salary Bob could earn if he worked as an accountant
The wholesale cost for the boats that Bob pays the manufacturer
The rental income Bob could receive if he chose to rent out his showroom
The wages and utility bills that Bob pays
Complete the following table by determining Bob's accounting and economic profit of his boat business.
Profit
(Dollars)
Accounting Profit
Economic Profit

Answers

Answer and Explanation:

The classification is as follows;

When bob worked as an accountant so he could earn the salary so this represent the implicit cost

The cost for the boats that bob paid to the manufactured represent the explicit cost

The rental income that received by bob represent the implicit cost

The wages and utility bills paid by bob represent the explicit cost

The Accounting profit is

= Revenue - explicit cost

= $851,000 - $476,000 - $281,000

= $94000

And, the Economic profit  is

= Accounting profit - implicit cost

= $94,000 - $71,000 - $34,000

= -$11,000

The following facts relate to Coronado Corporation.
1. Deferred tax liability, January 1, 2020, $20,200.
2. Deferred tax asset, January 1, 2020, $0.
3. Taxable income for 2020, $95,950.
4. Pretax financial income for 2020, $202,000.
5. Cumulative temporary difference at December 31, 2020, giving rise to future taxable amounts, $242,400.
6. Cumulative temporary difference at December 31, 2020, giving rise to future deductible amounts, $35,350.
7. Tax rate for all years, 20%.
8. The company is expected to operate profitably in the future.
Compute income taxes payable for 2020:
Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Prepare the income tax expense section of the income statement for 2020, beginning with the line "Income before income taxes." (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Answers

Answer: See explanation

Explanation:

a. Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2020.

Debit Income Tax Expense $40400

Debit Defered Tax Asset $7070

Credit Income Tax Payable $19190

Credit Defered tax liability $28280

(To record income tax expense and defered tax/liability).

Note that:

Income Tax Expense was gotten as:

= $202,000 × 20%

= $202000 × 0.2

= $40,4000

Income Tax Payable was gotten as:

= $95,950 × 20%

= $95950 × 0.2

= $19,190

2. Prepare the income tax expense section of the income statement for 2020.

Income statement for year ended 31 December 2020

Income before tax = $202000

Less: Income Tax expense - Current = $19190

Less: Income Tax expense - Defered = $21210

Net income = $161600

Terry Wade, the new controller of Hellickson Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2015. His findings are as follows.
Date Accumulated Depreciation Useful life in Years Salvage Value
Type of Asset Acquired Cost 1/1/15 Old Proposed Old Proposed
Building 1/1/09 $806,700 $115,410 40 50 $37,300 $50,210
Warehouse 1/1/10 114,000 21,940 25 20 4,300 19,610
All assets are depreciated by the straight-line method. Hellickson Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Terry’s proposed changes.
1) Compute the revised annual depreciation on each asset in 2015. ( Building and Warehouse)
2) Prepare the entry to record depreciation on the building in 2015. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

Answers

Answer: See explanation

Explanation:

1) Compute the revised annual depreciation on each asset in 2015.

The revised annual depreciation for building will be:

= ($806700 - $115410 - $50210)/44

= $64180 / 44

= $14570

The revised annual depreciation for warehouse will be:

= ($114000 - $21940 - $19610) / 15

= $72450 / 15

= $4830

2) Prepare the entry to record depreciation on the building in 2015.

Debit Depreciation expense $14570

Credit Accumulated Depreciation- Building $14570

(To record Depreciation expense)

Journalize the entries to record the following selected bond investment transactions for Hall Trust (refer to the Chart of Accounts for exact wording of account titles):
Apr. 1 Purchased for cash $240,000 of Medina City 6% bonds at 100 plus accrued interest of $3,600, paying interest semiannually.
June 30 Received first semiannual interest payment.
July 31
Sold $120,000 of the bonds at 98 plus accrued interest of $600.
CHART OF ACCOUNTSHall TrustGeneral Ledger
ASSETS
110 Cash
111 Petty Cash
120 Accounts Receivable
121 Allowance for Doubtful Accounts
131 Notes Receivable
132 Interest Receivable
141 Merchandise Inventory
145 Office Supplies
161 Investments-Medina City Bonds
165 Valuation Allowance for Trading Investments
166 Valuation Allowance for Available-for-Sale Investments
181 Land
193 Office Equipment
194 Accumulated Depreciation-Office Equipment
LIABILITIES
210 Accounts Payable
221 Notes Payable
231 Interest Payable
241 Salaries Payable
EQUITY
311 Common Stock
312 Paid-In Capital in Excess of Par-Common Stock
321 Preferred Stock
322 Paid-In Capital in Excess of Par-Preferred Stock
331 Treasury Stock
332 Paid-In Capital from Sale of Treasury Stock
340 Retained Earnings
350 Unrealized Gain (Loss) on Available-for-Sale Investments
351 Cash Dividends
352 Stock Dividends
390 Income Summary
REVENUE
410 Sales
611 Interest Revenue
612 Dividend Revenue
631 Gain on Sale of Investments
641 Unrealized Gain on Trading Investments
EXPENSES
511 Cost of Merchandise Sold
512 Bad Debt Expense
516 Cash Short and Over
520 Salaries Expense
531 Advertising Expense
534 Selling Expenses
535 Rent Expense
537 Office Supplies Expense
562 Depreciation Expense-Office Equipment
590 Miscellaneous Expense
710 Interest Expense
731 Loss on Sale of Investments
741 Unrealized Loss on Trading Investments

Answers

Answer:

1) Dr Investments-Medina City Bonds $240,000

Cr Interest Receivable $3,600

Cr Cash $243,600

2) Dr Cash $7,200

Cr Interest Receivable3600

Cr Interest Revenue $3,600

3) Dr Cash $118,200

Dr Loss on sale of investments $2,400

($120,000+$600-$118,200)

Cr Interest Revenue $600

Cr Investments- medina city bonds $120,000

Explanation:

Preparation of the journal entries

1) Dr Investments-Medina City Bonds $240,000

Cr Interest Receivable $3,600

Cr Cash$243,600

($240,000+$3,600)

2) Dr Cash $7,200

($240,000 x 6% x ½ =$7,200)

Cr Interest Receivable $3,600

Cr Interest Revenue $3,600

($7,200+$3,600)

3) Dr Cash $118,200

[ (120,000 x .98)-$600]

Dr Loss on sale of investments $2,400

($120,000+$600-$118,200)

Cr Interest Revenue $600

Cr Investments- medina city bonds $120,000

Always accept a job offer before discussing its salary and benefits.

Answers

Answer:

Acepting he job before getting inforamtion about it is not a good way to geta job. That is how you get a bad job that doesnt have a good salary or many beefits.

Sorry for the spelling erros my computer is not working correctly

Thanks for the information! :)

Whistle Works sells each whistle for $12. It takes 3 ounces of metal to produce each whistle at a cost of $0.50 per ounce. They prefer to have 10% of materials required for the following month's production in ending inventory as well. How many ounces of direct materials does Whistle Works need to purchase in October to meet production needs

Answers

The question is incomplete. The complete Question is as follows,

Whistle Works manufacturers safety whistle keychains. They have the following information available to prepare their master budget:

Units to be produced

October 4,500

November 4,750

December 5,200

Whistle Works sells each whistle for $12. It takes 3 ounces of metal to produce each whistle at a cost of $0.50 per ounce. They prefer to have 10% of materials required for the following month's production in ending inventory as well. How many ounces of direct materials does Whistle Works need to purchase in October to meet production needs?

A) 4,500 ounces

B) 13,575 ounces

C) 13,425 ounces

D) 4,525 ounces

Answer:

Purchases = 13575 ounces

Option B is the correct answer

Explanation:

To calculate the purchases of material for October, we first need to calculate the inventory needed to produce the desired number of units in October along with the desired ending inventory and adjust it for the available opening inventory at start of October.

Material available at Start - October = 10% * 4500 units * 3 ounces per unit  Material available at Start - October = 1350 ounces

Material required at end - October = 10% * 4750 units * 3 ounces per unit

Material required at end - October = 1425 ounces

Material required to produce required units in October = 4500 * 3 = 13500

Production  =  Opening Inventory  +  Purchases  -  Closing Inventory

13500  =  1350  +  Purchases  -  1425

13500 + 1425 - 1350  =  Purchases

Purchases = 13575 ounces

Use the following information to prepare the July cash budget for Pinkie Pie Company for July 31, 2021.
a.) Beginning cash balance on July 1: $55,000.
b.) Cash receipts from sales: 10% is collected in the month of sale, 50% in the next month, and 40% in the second month after sale. Sales amounts are: May (actual), $1,700,000; June (actual), $1,000,000; and July (budgeted), $1,500,000.
c.) Payments to suppliers for merchandise purchases: 85% in the month of purchase and 15% in the month following purchase. Purchases amounts are: June (actual), $590,000; and July (budgeted), $770,000.
d.) Budgeted cash disbursements for salaries in July: $297,000.
e.) Budgeted depreciation expense for July: $10,000.
f.) Other cash expenses budgeted for July: $190,000.
g.) Cash dividends to be paid in July: $70,000.

Answers

Answer:

Pinkie Pie Company

Cash Budget for the month of July:

Beginning balance                  $55,000

Expected cash receipts        1,330,000

Cash in hand                      $1,385,000

Payments:

Purchases                             $743,000

Salaries                                   297,000

Other cash expenses             190,000

 Cash Dividends                        70,000

Expected cash payments $1,300,000

Expected cash balance        $85,000

Explanation:

a) Data and Calculations:

a. Beginning cash balance on July 1: $55,000.

b. Cash receipts from sales:  May (acetual)   June (actual)  July (budgeted)

Sales                                        $1,700,000      $1,000,000    $1,500,000

10% month of sale                                                                        150,000

50% in the next month                                                               500,000

40% in the second month                                                          680,000

Total expected cash collections in July                                $1,330,000

c. Payments on merchandise purchases:

                                               June (actual)    July (budgeted)

Purchases                                 $590,000        $770,000

85% in the month                                               654,500

15% in the following month                                  88,500

Total payment for purchases                          $743,000

d. Salaries in July: $297,000

f. Other cash expenses $190,000

 g. Cash Dividends $70,000

Crane, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instruments and 200 pressure gauges were produced, and overhead costs of $72,750 were estimated. An analysis of estimated overhead costs reveals the following activities. Activities Cost Drivers Total Cost 1. Materials handling Number of requisitions $30,000 2. Machine setups Number of setups 23,750 3. Quality inspections Number of inspections 19,000 $72,750 The cost driver volume for each product was as follows. Cost Drivers Instruments Gauges Total Number of requisitions 375 625 1,000 Number of setups 175 300 475 Number of inspections 225 250 475

Answers

Answer:

Requirement: Determine the overhead rate for each activity "Materials handling, Machine setups, Quality inspections"

Materials handling overhead rate = Total cost / Cost driver volume

Materials handling overhead rate = $30,000 / 1,000

Materials handling overhead rate = $30

Machine setups overhead rate = Total cost / Cost driver volume

Machine setups overhead rate = $23,750 / 475

Machine setups overhead rate = $50

Quality inspections overhead rate = Total cost / Cost driver volume

Quality inspections overhead rate = $19,000 / 475

Quality inspections overhead rate = $40

One strategy for investing is to start with riskier investments and work your way to investments that are less niste
True
False

Answers

My best guess is false!! You would start with less risky.
I think it’s false but I’m not quite sure so yeah
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