Answer: a. Option A is correct. The sales price under GAAP would be $120,000, which is 20% more than the cost to produce the boat ($50,000 + $30,000 + $20,000 = $100,000, 20% of which is $20,000).
The sales price for internal decision purposes would be $136,800, which is calculated by adding the upstream and downstream costs to the cost to produce the boat, then multiplying by 1.2 ($5,000,000 + $2,000,000 + $100,000 = $7,100,000; 1.2 x $7,100,000 = $136,800).
Upstream works include the exploration and production of crude oil and natural gas, whilst downstream refers to the processes applied after extraction through to it being delivered to the customer in whatever format required.
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On January 1, 2023, the Tamarisk Company budget committee reached agreement on the following data for the six months ending June 30, 2023:
1. Sales units: First quarter 4,900; second quarter 6,000; third quarter 7,300 2. Ending raw materials inventory: 40% of the next quarter's production requirements 3. Ending finished goods inventory: 25% of the next quarter's expected sales units 4. Third-quarter production: 7,500 units The ending raw materials and finished goods inventories at December 31, 2022, had the same percentages for production and sales that are budgeted for 2022. 3 kilograms of raw materials are needed to make each unit of finished goods. Raw materials purchased are expected to cost $4 per kilogram.
Question: Prepare a direct materials budget by quarters for the six-month period ended June 30, 2023.
The final raw material and finished goods inventories at the end of 2020 had the same production and sales percentages as those planned for 2020.
Each kilogramme of finished goods requires 3 kilogrammes of raw materials to manufacture. The estimated cost of raw materials is $4 per kilogramme.
Make a production budget for the six-month period ending June 30, 2021, broken down into quarters.
Sales units: 4,900 in the first quarter, 6,000 in the second, and 7,300 in the third quarter. Ending raw materials inventory: 40% of the following quarter's sales units. The following information for the six months ending June 30, 2023, was agreed upon by the Tamarisk Company budget committee on January 1, 2023: 1. Units of sales First . The Tamarisk Company budget committee agreed on the following on January 1, 2023.
information for the six months ended June 30, 2023:
First quarter: Starting inventory = 5,100 multiplied by 25%
Initial stock = 5,100 * 0.25
Starting stock is $1,275.
Desired final stock = 6,100
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FILL IN THE BLANK. Preferred stock _____.does not pay dividendspays dividends in perpetuitypays a constant dividendhas a fixed maturity
A constant dividend is paid on preferred stock. Thus the correct answer to this question would be option C. Pays a constant dividend.
.
In comparison to common stockholders, preferred stockholders have a stronger entitlement dividend.
Preference stock, a different type of equity, allows investors ownership in a business as well as the right to profit from that business' operations.
When it comes to dividends, preferred shareholders have a preference over common stockholders. Dividends can be paid monthly or quarterly and often yield more than regular stock.
These dividends can be fixed or set in terms of a benchmark interest rate like the LIBOR, and are often quoted as a percentage in the issuing description.
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the classifications used to categorize cash inflows and outflows on the statement of cash flows includes activities, activities, and activities. (enter one word per blank.)
The classifications used to classify cash inflows and outflows in the cash flow statement include: operating activities, investing activities, and financing activities.
What is cash flow and is it profit?The net amount of cash and cash equivalents entering and leaving a business is referred to as cash flow. Inflows are represented by money received, and outflows are represented by money spent.
Cash flow is not a profit because it is the money going in and out of a business over a period of time, but profit is what remains of earnings after deducting expenses.
Which cash flow is better?Operating cash flow (OCF) is the lifeblood of a company and is arguably the most important barometer investors use to assess a company's health. While many investors are attracted to net income, operating cash flow is often viewed as a better measure of a company's financial health.
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____ are broad guidelines issued by upper management for the purpose of assisting lower-level managers in handling recurring problems.
Answer:
Policies are broad guidelines issued by upper management for the purpose of assisting lower-level managers in handling recurring problems. Procedures are broad guidelines issued by upper management for the purpose of assisting lower-level managers in handling non-recurring problems.
a firm that engages its customers with social media activities as part of its marketing strategy helps to build its brand by developing deeper relationships with customers and by blank .
Promoting the brand's reputation online through favorable word-of-mouth deeper relationships between customer and a brand.
What is digital advertising?Digital advertising, usually referred to as online advertising, is a type of marketing that businesses use to advertise their brands, goods, and services on the internet. It entails activities on websites, social media platforms, blogs, applications, and other online communication platforms.As a result of the digital transformation, businesses now have a wider range of options for reaching their target audiences and the market as a whole.In this approach, everything that utilizes digital resources and platforms can be categorized as digital advertising.Being present exactly where the public is is the major objective.The process of a company migrating and adapting to the changes that society as a whole has undergone is known as digital advertising.
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an urban planner is designing a new urban housing development in a currently rural area near an existing city. the urban development will have five 10-story apartment buildings, two basketball courts, a playground with permeable foam pavers, a 10-acre green space with a small man-made pond, one 5-story parking deck, and direct access to the mass transit train line. question which of the following aspects in the design for this new urban development would most likely have the greatest negative environmental impact?
B) The five apartment buildings would most likely have the greatest negative environmental impact.
Urban development covers infrastructure for education, health, justice, solid waste, markets, street pavements and cultural heritage protection. These constructions typically type a part of specific sector programmes, as well as capability building measures. Special attention is additionally paid to slums of huge cities.
Environmental impact refers to the direct result of socio-economic activities and natural events on the elements of the surroundings. Humans impact the physical surroundings in several ways: overspill, pollution, burning fossil fuels, and deforestation. These changes have triggered poor air quality, and climate change.
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an urban planner is designing a new urban housing development in a currently rural area near an existing city. the urban development will have five 10-story apartment buildings, two basketball courts, a playground with permeable foam pavers, a 10-acre green space with a small man-made pond, one 5-story parking deck, and direct access to the mass transit train line. question which of the following aspects in the design for this new urban development would most likely have the greatest negative environmental impact?
A) The two basketball courts
B) The five apartment buildings
C) The 10-acre green space
D) The playground
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to protect against liability due to mold contamination, real estate professionals should ask sellers about leaks, flooding, and prior damage.
True. Real estate professionals should ask sellers about leaks, flooding, and prior damage in order to protect against potential liability due to mold contamination.
This is because mold can form in areas where there has been water damage, and the seller may not be aware of the presence of mold. Knowing about prior damage can help ensure that the property is inspected for mold prior to purchase or sale.
Why is it important to research before buying or selling?Buying and selling property is a serious transaction and carries significant risks. When a buyer purchases a property, he expects it to be free of any defects that may affect the value of the property. Sellers also have a duty to report any defects that may affect the value of the property. That is why it is important that real estate professionals perform a pre-purchase or sale inspection.
The pre-purchase or sale inspection should include an investigation of potential problems, with the homes or institutions.
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Which of the following statements is most correct?
a. Accruals are an expensive way to finance working capital.
b. A conservative financing policy is one in which the firm finances all of its fixed assets with long-term capital and part of its permanent net operating working capital with short-term, nonspontaneous credit.
c. If a company receives trade credit under terms 2/10, net 30, this implies the company has 10 days of free trade credit.
d. A firm following an aggressive financing policy would finance all its permanent NOWC with long-term capital.
Option a Accruals are an expensive way to finance working capital and c - If a company receives trade credit under terms 2/10, net 30, this implies the company has 10 days of free trade credit statements is most correct.
The simplest definition of trade credit is a contract to purchase products and/or services on account rather than making prompt cash or check payments. When favorable terms are negotiated with a company's supplier, trade credit can be a useful instrument for expanding firms. Materials can be purchased on trade credit without having to make an upfront payment. These credits show up in the buyer of goods's records as "sundry creditors" or "accounts payable." A record of sales or expenses that have been incurred but not yet been reflected in the company's financial accounts is known as an accrual.
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a russian aluminum producer selling aluminum for less in the united states than in russia because demand in the United States is elastic, whereas in Russia is less elastic is an example of __ in international trade
price discrimination
A Russian aluminum producer selling aluminum for less in the United States than in Russian because demand in the United States is elastic, whereas in Russia is less elastic is an example of price discrimination in international trade.
The practice of charging different prices to different customers for the same product or service is considered price discrimination. It is frequently utilized by established, larger businesses to profit from consumer supply and demand variations.
Is raising prices the best way to make more money?While charging too little can increase sales volume but reduce profits, charging too much can increase profits but reduce sales. Your task is to find a middle ground and create a situation where both you and your audience benefit. Pricing strategies can be helpful in this situation.
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Which one of the following correlation relationships has the potential to completely eliminate risk?A. perfectly positiveB. positiveC. negativeD. perfectly negativeE. uncorrelated
(D) Perfectly negative correlation relationships has the potential to completely eliminate risk.
Association is what correlation refers to, although it is actually a measurement of how closely two variables are related. Three outcomes are achievable from a correlational study:
A relationship between two variables is said to have a positive correlation when both variables move in the same direction. Consequently, when one variable rises as the other rises, or when one variable falls while the other falls. The link between height and weight is a good example. Taller persons typically weigh more.
When there is a negative correlation between two variables, it means that when one variable rises, the other one falls. Height above sea level and temperature serve as an illustration of a negative link. It gets colder as you ascend the mountain (raise in height) (decrease in temperature).
When there is no correlation between two variables, it is called a zero correlation. For instance, there is no correlation between IQ level and the quantity of tea consumed.
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Jessica recently had outpatient surgery. Her insurance plan requires a deductible of $500. This means that the insurance company will pay 100% of the first $500, but after that will only pay a percentage of the bill. Indicate whether this statement is true or false.
The given statement regarding the insurance plan is False.
A deductible is a feature that many insurance policies share. It functions essentially as a cost-sharing clause, requiring the insured to pay a set sum of money before the insurance company pays on a claim. The purpose of a deductible is to help ensure that people only use their insurance coverage for major or unexpected expenses, rather than for routine or minor expenses.
Deductibles can vary in amount, and they may apply to different types of coverage within a single insurance policy. For example, a health insurance policy may have separate deductibles for different types of medical services, such as hospital stays, prescription drugs, and outpatient care. Similarly, in the case of Jessica, the insurance company will not pay 100% of $500.
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for the firm's organizational structure, group of answer choices organizational structure specifies the firm's formal reporting relationships, procedures, controls, authority, and decision-making processes. organizational structure specifies the work to be done and how to do it. it is critical to match the firm's structure to the firm's strategy. all options listed
Organizational structure specifies the firm's formal reporting relationships, procedures, controls, authority, and decision-making processes.
Organizational structure is the internal, formal framework of a firm that demonstrates how management is arranged and connected together, as well as how power is transferred through the organization. The goal of organizational structure is to give managers detailed feedback on how effectively an organization and its people are doing and creating a competitive advantage.
The arrangement of resources at various levels according to their roles, levels of authority, and positions forms an organizational structure. It enables departments throughout a firm to communicate, plan, and collaborate in order to accomplish business objectives.
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export subsidies and import taxes are both price policies that can change the domestic price of food so that it differs from the world price. in this worksheet, we will examine how export subsidies and import taxes work. while analyzing this, we will think about who benefits/loses from these policies.
Export Subsidy: An export subsidy means that exporters receive an extra payment from the government for the food they export. For each unit of food they export, they receive the world price (Pw) plus the subsidy.
Carefully examine Figure 1 and answer questions 1-10 below.
Figure 1: Demand and Supply for an Exporter Country with Export Subsidy
Which letter represents the domestic supply quantity (Qs) before the subsidy policy?
w
x
y
z
Which letter represents the domestic demand quantity (Qd), before the subsidy policy?
w
x
y
z
From Figure 1, the quantity of food exported (Qe) before the subsidy policy is equal to:
y-x
y-w
z-x
z-w
Which letter(s) represent(s) the consumer surplus before the subsidy? Select all that apply.
a
b
c
d
e
f
g
h
i
Which letter(s) represent(s) the consumer surplus after the subsidy? Select all that apply.
a
b
c
d
e
f
g
h
i
Which letter(s) represent(s) the producer surplus before the subsidy? Select all that apply.
a
b
c
d
e
f
g
h
i
Which letter(s) represent(s) the producer surplus after the subsidy? Select all that apply.
a
b
c
d
e
f
g
h
i
Which letter(s) represent(s) the government costs of the subsidy policy? Select all that apply.
a
b
c
d
e
f
g
h
i
Who is better off (i.e. increased surplus or revenue) after the subsidy? Select all that apply.
Consumers
Producers
Government
Who is worse off (i.e. decreased surplus or revenue) after the subsidy? Select all that apply.
Consumers
Producers
Government
Demand is the consumer's desire to purchase a particular good or service. Market demand is the demand for a particular good in the market. Aggregate demand is the total demand for goods and services in the economy. Demand and supply match determines the price of the good or service. Understanding the concept of demand.
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Genuine Spice Inc. began operations on January 1 of the current year. The company produces 8-ounce bottles of hand and body lotion called Eternal Beauty. The lotion is wholesale in 12-bottle cases for $100 per case. There is a selling commission of $20 per case. The January direct materials, direct labor, and factory overhead costs are as follows DIRECT MATERIALS Cost Behavior Variable Variable Variable Cost per Unit $0.02 0.30 0.50 Units Direct Materials per Case 100 ozs 30 ozs. 12 bottles Cost per Case Cream base Natural oils Bottle (8-oz.) $2.00 9.00 6.00 $17.00 DIRECT LABOR Cost Behavior Variable Variable Time per Case 20 min. Labor Rate per Hour $18.00 14.40 Direct Labor Cost per Case $6.00 1.20 $7.20 Mixing Filling 25 min FACTORY OVERHEAD Utilities Facility lease Equipment depreciation Supplies Cost Behavior Mixed Fixed Fixed Fixed Total Cost $600 14,000 4,300 660 $19,560
A standard cost may be described as a planned cost, anticipated cost, expected cost, budgeted unit cost, forecast cost, or the cost that "should be". Standard costs are sometimes an important part of a manufacturer's annual profit plan and operational budget.
The standard costs of the manufacturing activities will be included in the inventory and cost of goods sold accounts in a standard costing system. Given that the business must pay its manufacturers and suppliers according to the actual expenses incurred, there may be some modifications.
The disparities between the standard costs and the actual production costs are represented by cost variations, which are recorded in separate variance accounts.
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which of the following is something you could find using the cash flow statement? a company's total profits and losses in a period movement of liquid cash in and out of the company capital investments and expenditures depreciation of equipment
The following is something you could find using the cash flow statement : a company's total profits and losses in a period movement of liquid cash in and out of the company capital investments and expenditures depreciation of equipment.
Capital investment is the acquisition of physical property by way of a organisation to be used in furthering its lengthy-time period business goals and targets. actual estate, manufacturing plant life, and equipment are some of the property which are purchased as capital investments.
Investment is the dedication of money to purchase of an asset to achieve an boom in cost over a period of time. funding calls for a sacrifice of a few gift asset, together with time, money, or attempt. In finance, the cause of making an investment is to generate a return from the invested asset.
The four major sorts of capital consist of running capital, debt, fairness, and buying and selling capital. buying and selling capital is used by brokerages and other economic establishments.
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in the family decision-making process, family members wiht the power to determine whether to shop for, purchase, use, consumer, or dipose of a specific product or service are referred to as
In the family decision-making process, family members with the power to determine whether to shop for, purchase, use, consumer, or dispose of a specific product or service are referred to as gatekeepers.
The family group decision-making process is a generic term which tends to include a number of approaches in which the family members are then brought together in order to make decisions that about how to care for their children and develop a plan for such services.
A gatekeeper in the decision-making process can be a parent, in legal setting, who tends to appoint themself the power to decide that what relationship is acceptable between the other parent and the children.
Hence, gatekeepers tend to be people or certain policies acting as a go-between.
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Capital Budgeting
1. List the four steps involved in the capital budgeting evaluation process:
a.
b.
c.
d.
Cash Payback
2. The cash payback technique identifies the time period required to recover the cost of the capital investment from the net annual cash flow produced by the investment. The formula for computing the cash payback period is:
a. _________________________________
3. The evaluation of the payback period is often related to the expected useful life of the asset.
a. With this technique, the ___________ the payback period, the more attractive the investment.
b. This technique ignores both the expected ____________of the investment and the ______ ______ of money.
Net Present Value Method
4. The net present value (NPV) method involves discounting cash flows to their _______ __________ and then compares that present value with the capital outlay required by the investment. The difference between these two amounts is the __________ present value (NPV).
a. The _________ ____________ used in discounting the future net cash flows is the required rate of return.
b. A proposal is acceptable when NPV is _________ or __________.
c. The ____________ the positive NPV, the more attractive the investment.
5. When there are equal annual cash inflows, the table that should be used for discounting is:
__________________________.
6. When there are unequal annual cash inflows, the table that should be used for discounting the cash flow is the ___________________________.
7. The discount rate (required rate of return) used by most companies is its ________ ____ __________, that is, the rate that the company must pay to obtain funds from creditors and stockholders.
8. The net present value method demonstrated in the text requires the following three assumptions:
a.
b.
c.
Internal Rate of Return Method
9. The interest rate that causes the present value of a proposed capital expenditure to equal the present value of the expected net annual cash inflows is called ______________________________.
10. The IRR decision rule is: Accept the project when the internal rate of return is __________ to or ____________ than the required rate of return, and reject the project when the internal rate of return is less than the required rate.
1. The four steps involved in the capital budgeting evaluation process are:
a. Identify project opportunitiesb. Forecast benefits and costsc. Evaluate the net benefitsd. Control projects.2. The formula for computing the cash payback period is the initial investment divided by annual cash inflow.
3. The evaluation of the payback period is often related to the asset's expected useful life.
a. With this technique, the lower the payback period, the more attractive the investment.
b. This technique ignores both the expected value of the investment and the time value of money.
4. The net present value (NPV) method involves discounting cash flows to their present values and then comparing that present value with the capital outlay required by the investment. The difference between these two amounts is the net present value (NPV).
a. The discount rate used in discounting the future net cash flows is the required rate of return.
b. A proposal is acceptable when NPV is zero or positive.
c. The higher the positive NPV, the more attractive the investment.
5. When there are equal annual cash inflows, the table that should be used for discounting is the PV Annuity Factor.
6. When there are unequal annual cash inflows, the table that should be used for discounting the cash flow is the PV Discount Factor.
7. The discount rate (required rate of return) used by most companies is its Weighted Cost of Capital, that is, the rate that the company must pay to obtain funds from creditors and stockholders.
8. The net present value method demonstrated in the text requires the following three assumptions:
a. Time value of Money.b. Cash flows occur at the end of the period.c. Cost of capital is constant.9. The interest rate that causes the present value of a proposed capital expenditure to equal the present value of the expected net annual cash inflows is called the Internal Rate of Return (IRR).
10. The IRR decision rule is: Accept the project when the internal rate of return is equal to or higher than the required rate of return, and reject the project when the internal rate of return is less than the required rate.
What are the capital budgeting evaluation methods?Some of the capital budgeting evaluation methods include:
Cash payback periodDiscounted payback periodNet present valueInternal rate of returnModified Internal rate of returnProfitability Index.These analysis techniques are widely employed to evaluate the economic viability and acceptability of capital projects.
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3. What should you do before writing the report?
Gather the background information, and determine the problem necessitating the proposal.
Establish criteria for comparison.
Draw conclusions and make recommendations.
4. Yardstick reports (tell how the criteria were selected or developed / examine problems with one solution / avoid mentioning alternatives) .
Gather the background information, and determine the problem necessitating the proposal you should do before writing the report.
Report writingIn technical words, a report is any description, oral or written, of the things touching a certain topic. This might be anything from a trial testimony to a third-grade book report. A report is a document that comprises all factual facts about an event or issue and covers all of the information linked to it. As a result, the person writing the report must ensure that all of the information supplied is supported by appropriate proof. Reports are divided into three categories based on their aim or motivation. The most prevalent sorts of reports are as follows: 1. Academic Reports: This report assesses the child's understanding. It determines whether the learner comprehended and understood the material.
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FILL IN THE BLANK The Pharmaceutical Industry Labor-Management Association (PILMA) sought to defeat a bill in Texas to lower drug prices. PILMA has no individual members and receives most of its money from the pharmaceutical industry. It is best described as a(n) ______.
PILMA does not have any individual members, and the pharmaceutical industry provides the majority of its funding. An astroturf organization is the best way to characterize it.
A group using AstroTurf is what?Astroturfing is the technique of concealing a message's or organization's financial backers (such as political, commercial, religious, or public relations organizations) to make it seem as though it was created and is supported by grassroots supporters.
They no longer use AstroTurf; why?Because the underside of Astroturf was so harsh, it led to several terrible injuries, particularly to the knees, and cut short or even ended many careers for many people. Astroturf fields eventually vanished as a result of the development of Field Turf, a softer and safer synthetic grass.
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according to the rational rule for sellers, the manager of this company should choose to produce of output and charge a price of .two units; $450three units; $400four units; $350one unit; $400
According to the rational rule, what output and price should the firm in the following example choose quantity= 4; price= $7
The foundation of rational choice theory, an economics theory that holds that people always choose options that maximize their own value, is rational behavior. Given the options available, these choices offer consumers the greatest benefit or enjoyment.
The Rational Rule for Employers advises hiring more people if an increase in output is desired and wages are declining since the marginal revenue product is greater than (or equal to) the pay.
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the irs has an algorithm called blank that pulls historical data for average amount and type of deductions related to income and predicts the likelihood of underreported income.
As per the research analysis, the IRS uses an algorithm called the discriminant function that pulls historical data for the average amount and type of deductions related to income level and predicts the likelihood of underreported income.
What is meant by the Discriminant function?
In general term, Discriminant function is a statistical function that specifies the variables that discriminate between two or more inherently occurring groups.
Here we need to find the IRS has an algorithm called blank that pulls historical data for average amount and type of deductions related to income and predicts the likelihood of underreported income.
Here we know that it is also used to classify data based on their features, such as income level. And here we know that, IRS is the acronym for Internal Revenue Service.
Therefore, in this case, it is concluded that the correct answer is "discriminant function."
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mobile marketing has a unique ability to empower users by connecting with them individually and continuously. this socially networked world will lead to connected users having more multiple choice freedom to express individual tastes and changing needs. options to avoid advertising or other promotions. direct interactions with sellers. presence of mind in situations of conflict or dissatisfaction. opportunities for cannibalization.
This socially networked world will lead to connected users having more direct interactions with sellers.
Mobile marketing is a multi-channel on-line promoting technique centered at reaching a selected audience on their smartphones, feature phones, tablets, or the other connected devices through websites, e-mail, SMS and MMS, social media, or mobile applications.
Direct interaction means the agents and not the platform have management over the key- terms related to the interaction. Key-terms area unit, for example, pricing, terms and conditions, bundling, marketing, the choice within which thanks to deliver merchandise, or the extent and quality of the delivered service.
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A machine cost $229,000, has annual depreciation expense of $45,800, and has accumulated depreciation of $114,500 on December 31, 2020. On April 1, 2021, when the machine has a fair value of $91,210, it is exchanged for a similar machine with a fair value of $291,900 and the proper amount of cash is paid. The exchange lacked commercial substance. Prepare all entries that are necessary at April 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Credit Debit Date April 1, 2021 Depreciation Expense 11,450 Accumulated Depreciation-Machinery 11.450 (To record depreciation) April 1, 2021 Machinery 303,740 Accumulated Depreciation-Machinery 125,950 229,000 Machinery 200.690 Cash (To record exchange of machineries)
A journal entry is used to record a business transaction in the accounting records of a business. A journal entry is usually recorded in the general ledger; alternatively, it may be recorded in a subsidiary ledger that is then summarized and rolled forward into the general ledger.
Date Account Title & Explanation Dr Cr
01-04-2021 Dividend Payable $ 11,450
Cash $11,450
Date Account Title & Explanation Debit Credit
01-04-2021 Machinery $291,900
Accumulated Depreciation $ 125,950
Loss on disposal of machinery S 11,840
Machinery $ 229,000
Cash $ 200,690
Workings Note:
45,800*3/12 =11450
114500+11450 = $ 125,950
291900-91210 = $200,690
Acquisition of Property, Plant, and Equipment:Acquisition of Property, Plant, and Equipment can be through purchase using cash, issuance of a liability, issuance of stocks, exchanging another company's asset, or other methods.
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rent controls create a shortage of rental apartments. suppose a city facing such a shortage of rental apartments eliminates rent controls. which of the following is most likely to occur?
In response to the question Rents will rise, as will the number of available apartments.
What exactly does the term "rent" mean?
A periodic payment is made by a renter to the owner in exchange for access to the family's property. rent. 2 of 4 verb. : to start taking and hold property in exchange for rent. : to give ownership and use of in exchange for rent. The act defines the standard rent as the rent for which the premises have been rented for the very first time within a week of September 1, 1940.
What are the various types of rent?
In general, three types of rent can be distinguished, all of which can coexist: differential, scarcity, and entrepreneurship rent.
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firms engage in precall planning to understand the needs and preferences of the customer before making a presentation.
This statement is True: firms engage in precall planning to understand the needs and preferences of the customer before making a presentation.
After conducting your research, coming up with a few potential solutions, and establishing SMART goals, you'll have a solid foundation on which to build. Your sales presentation planning is the last assignment. You can't make your sales pitch with the intention of "winging it," even if you have an excellent solution to offer and your objectives are well-defined. A well-planned presentation frequently determines whether a sale is made or not. You will go a long way in building a strong rapport with your customer and winning his trust and respect if he perceives you as being well-prepared (i.e., if you have thoughtfully tailored your style, presentation materials, and agenda to match what you know about your contact and his company culture).
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all of the following statements about financial statements prepared in accordance with a reporting framework generally accepted in another country and intended for use in the u.s. are true except
All of the following statements about financial statements prepared in accordance with a reporting framework generally accepted in another country and intended for use in the u.s. are true except, the auditor expresses an opinion on whether the financial statements are presented fairly within the framework of the U.S. Therefore, option (B) is the correct answer.
An auditor is a person qualified to examine financial documents, confirm their accuracy, and make sure businesses are following tax regulations. They defend firms from fraud, point out anomalies in accounting methods and, on occasion, operate on a consultation basis, assisting organisations to find ways to increase operational efficiency. Within various industries, auditors serve in a variety of roles.
Auditors evaluate financial operations and guarantee that businesses are managed effectively. They are responsible for following the cash flow of a business from start to finish and making sure that the money is correctly accounted for.
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Complete question:
All of the following statements about financial statements prepared in accordance with a reporting framework generally accepted in another country and intended for use in the u.s. are true except
A. The auditor should report using the U.S. form of report.
B. The auditor expresses an opinion on whether the financial statements are presented fairly within the framework of the U.S.
C. The report includes an emphasis-of-matter paragraph indicating that the framework differs from accounting principles generally accepted in the U.S.
D. The report includes an emphasis-of-matter paragraph identifying the reporting framework used in the preparation of the financial statements.
the following data relate to the direct materials cost for the production of 2,000 automobile tires: actual: 60,700 lbs. at $1.9 per lb. standard: 61,900 lbs. at $1.95 per lb. a. determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. direct materials price variance $fill in the blank 1 0.05 favorable direct materials quantity variance $fill in the blank 3 1,200 favorable total direct materials cost variance $fill in the blank 5 5,375 favorable
Direct material price variance is -$3,035, direct material quantity variance is -$5375 and direct material cost variance is $2340.
Give a brief account on total manufacturing cost variance.The direct labor cost fluctuation, direct material cost variance, and factory overhead cost variance make up the overall manufacturing cost variance. The actual expenses incurred during the course of the time are different from the baseline costs determined at the start. Total manufacturing cost variation is the difference between actual and standard production costs. This variance may be advantageous or detrimental.
To solve the question :
To calculate direct material price variance :
AQ x (AP - SP)
Therefore,
DMPV = 60,700 x ($1.90 - $1.95) = -$3,035
To calculate direct material quantity variance
SP x (AQ - SQ)
Therefore,
DMQV = $1.95 x (60,700 - 61,900) = -$2340
To calculate direct material cost variance :
AP x AQ - SP x SQ
Therefore,
DMCV = $1.90 x 60,700 - $1.95 x 61,900
= $115,330 - $120,705 = -$5375
DMCV is the sum of DMPV and DMQV
= (-$3,035) - (-$5375) =$2340
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the entry to close the advertising expense account includes which of the following entries: multiple select question. debit to income summary credit to advertising expense credit to income summary debit to advertising expense
B) a $1,000 credit to the Rent Expense. The organization's sales amount and sales revenue are subtracted from the term expenses.
The costs include both direct costs like wages and materials and indirect costs like maintenance, indirect labor, and many more.
What is implied by deals income?Revenue from sales of goods and services before expenses are deducted is called sales revenue. It is typically calculated over a predetermined time frame, like a fiscal year or a quarter.
How is revenue from sales calculated?The price per unit is multiplied by the number of products or services sold to determine sales revenue.
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Full Question = The income statement for the month of June 2012 of Camera Obscura Enterprises contains the following information:
The entry to close the expense accounts includes a _____
a. debit to Income Summary for $1,800.
b. credit to Rent Expense for $1,000.
c. credit to Income Summary for $5,200.
d. debit to Wages Expenses for $3,000.
Revenues $7,000
Expenses
Salaries and Wages Expense $3,000
Rent Expense 1,000
Advertising Expense 800
Supplies Expense 300
Insurance Expense 100
Total expenses 5,200
Net Income $1,800
ales management process this activity is important because selling must be managed if it is going to contribute to a firm's marketing objectives. although firms may differ in their application of the process, sales management consists of three interrelated functions: (1) sales plan formulation, (2) sales plan implementation, and (3) salesforce evaluation. the goal of this activity is to demonstrate your understanding of the sales management process in an applied context. match each scenario or the appropriate stage of the sales management process.
The process of hiring, training, and motivating sales staff, coordinating sales department operations, and implementing a cohesive sales strategy that drives business revenues are all parts of sales management.
What are the three related sets of decisions or procedures used by sales management?The three pillars of sales management are sales strategy, sales operations, and sales analysis. The creation of a strategy that enables your business to make a sale is the first step in the process of developing a sales strategy.
Is sales management a component of marketing management, as you define it?The product and how it gets to the customer are connected to sales management. Marketing management encompasses all activities, such as advertising, sales, research, customer satisfaction, after-sales service, etc., that facilitate the flow of goods to buyers.
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which of the following methods of depreciation has built-in salvage value for the item being depreciated
The asset's salvage value—or what you anticipate it to be worth at the end of its useful life—must be subtracted from its cost in order to determine depreciation using the straight-line technique. A depreciable basis, or the amount that may be written off, is the outcome.
Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life. How much of an asset's value has been used is shown through depreciation. It enables businesses to purchase assets over a predetermined length of time and generate income from those assets.
The four depreciation methods include straight-line, declining balance, sum-of-the-years' digits, and units of production.
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