Answer: $0
Explanation:
Melissa can only deduct business expenses i.e. expenses relating to a business purpose for travelling such as to complete a deal or attend a business conference.
Melissa does not get to deduct expenses for personal leisure activities. All the expenses listed above relate to her sightseeing of the national parks and are therefore personal leisure expenses that cannot be deducted as business expenses.
Two independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences:
SITUATION 1 2
Taxable income $35,000 $75,000
Amounts at year-end:
Future deductible amounts 4,500 11,500
Future taxable amounts 0 4,500
Balances at beginning of year, dr (cr):
Deferred tax asset $1,000 $4,600
Deferred tax liability 0 1,000
The enacted tax rate is 40% for both situations.
Required: For each situation determine the:
SITUATION
1 2
a) Income tax payable currently.
b) Deferred tax asset - balance at year-end.
c) Deferred tax asset change dr or (cr) for the year.
d) Deferred tax liability - balance at year-end.
e) Deferred tax liability change dr or (cr) for the year.
f) Income tax expense for the year.
Answer:
SITUATION 1 2
a) Income tax payable currently. $14,000 $30,000
b) Deferred tax asset - balance at year-end. $1,800 $4,600
c) Deferred tax asset change dr or (cr) for the year. $800 $0
d) Deferred tax liability - balance at year-end. $0 -$1,800
e) Deferred tax liability change dr or (cr) for the year. $0 -$800
f) Income tax expense for the year. $13,200 $30,800
Explanation:
Note: See the attached excel file for all the calculations of all the answers a to f above.
Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given below for May:
Production data:
Pounds in process, May 1; materials 100% complete; conversion 80% complete 10,000
Pounds started into production during May 100,000
Pounds completed and transferred out ?
Pounds in process, May 31 ; materials 60% complete; conversion 20% complete 15,000
Cost data:
Work in process inventory, May 1 :
Materials cost $15,000
Conversion cost
Cost added during May:
Materials cost $154,500
Conversion cost $90,800
The company uses the weighted-average method.
Required:
a. Compute the equivalent units of production.
b. Compute the costs per equivalent unit for the month.
c. Determine the cost of ending work in process inventory and of the units transferred out to the next department.
d. Prepare a cost reconciliation report for the month.
Answer:
Part a
Materials = 104,000 units
Conversion Cost = 98,000 units
Part b
Materials = $1.50
Conversion Costs = $1.00
Part c
Cost of ending work in process inventory = $16,500
Cost units transferred out to the next department = $237,500
Part d
Cost Reconciliation Report
Cost of Beginning Work in Process Inventory $8,700
Cost added during the Period $245,300
Total $254,000
Cost of ending work in process inventory $16,500
Cost units transferred out to the next department $237,500
Total $254,000
Explanation:
Hi, there are some missing amounts from your question, however I managed to search for the full question online and I have attached it as an image below.
Units transferred out to the next department = 100,000 + 10,000 - 15,000 = 95,000
Equivalent units of production
Materials = 95,000 x 100% + 15,000 x 60 % = 104,000 units
Conversion Cost = 95,000 x 100% + 15,000 x 20 % = 98,000 units
Costs per equivalent
Materials = ($1,500 + $154,500) ÷ 104,000 units = $1.50
Conversion Costs = ($7,200 + $90,800) ÷ 98,000 units = $1.00
Total unit cost = $1.50 + $1.00 = $2.50
Cost of ending work in process inventory
Cost of ending work in process inventory = Materials cost + Conversion cost
= 9,000 x $1.50 + 3,000 x $1.00
= $16,500
Cost of units transferred out to the next department.
Cost units transferred out to the next department = units transferred out x total unit cost
= 95,000 x $2.50
= $237,500
On September 30, 2017, Ericson Company negotiated a two-year, 2,800,000 dudek loan from a foreign bank at an interest rate of 4 percent per year. It makes interest payments annually on September 30 and will repay the principal on September 30, 2019. Ericson prepares U.S.-dollar financial statements and has a December 31 year-end. Prepare all journal entries related to this foreign currency borrowing assuming the following exchange rates for 1 dudek: September 30, 2017$0.170 December 31, 2017 0.175 September 30, 2018 0.190 December 31, 2018 0.195 September 30, 2019 0.220 Taking the exchange rate effect on the cost of borrowing into consideration, determine the effective interest rate in dollars on the loan in each of the three years 2017, 2018, and 2019.
Answer:
Explanation:
Preparation of all journal entries related to the foreign currency borrowing
A. 9/30/17
Dr Cash $476,000
Cr Note payable (dudek) [$2,800,000 x $0.170] $476,000
(To record the note and conversion of $2,800,000 dudeks into $0.170 at the spot rate.)
12/31/17
Dr Interest Expense $2,450 Cr Interest Payable (dudek) $2,450
[$2,800,000 x 2% x 3/12 = $14,000 dudeks x
0.175 spot rate]
(To accrue interest for the period 9/30 – 12/31/17.)
Dr Foreign Exchange Loss $14,000
Cr Note Payable (dudek) [$2,800,000 x ($0.175 – $0.170)] $14,000
(To revalue the note payable at the spot rate of
$0.175 and record a foreign exchange loss.)
9/30/18
Dr Interest Expense [$98,000 dudeks x $0.190] $18,620
($112,000-$14,000=$98,000)
Dr Interest Payable (dudek) $2,450
[$2,800,000 x 2% x 3/12 = $14,000 dudeks x
0.175 spot rate]
Dr Foreign Exchange Loss [14,000 dudeks x (0.190 – $.175)] $210
Cr Cash [$112,000 dudeks x 0.190] $21,280
(4%*$2,800,000=$112,000)
(To record the first annual interest payment, record interest expense for the period 1/1 – 9/30/18 and record a foreign exchange loss on the interest payable accrued at 12/31/17.)
12/31/18 Interest Expense 625
Interest Payable (dudek) [5,000 dudeks x $.125] 625
(To accrue interest for the period 9/30 – 12/31/18.)
12/31/18 Foreign Exchange Loss 20,000
Note Payable (dudek) [1 mn x ($.125 – $.105)] 20,000
(To revalue the note payable at the spot rate of
$.125 and record a foreign exchange loss.)
9/30/19 Interest Expense [15,000 dudeks x $.15] 2,250
Interest Payable (dudek) 625
Foreign Exchange Loss [5,000 dudeks x ($.15 – $.125)] 125
Cash [20,000 dudeks x $.15] 3,000
(To record the second annual interest payment,
record interest expense for the period 1/1 – 9/30/19,and record a foreign exchange loss on the interest payable accrued at 12/31/18.)
Note Payable (dudek) 125,000
Foreign Exchange Loss 25,000
Cash [1 mndudeks x $.15] 150,000
(To record payment of the 1 million dudek note.)
b. The effective interest rate on the loan can be determined by summing the total interest expense and foreign exchange losses related to the loan and comparing this with the amount borrowed:
2017
Interest expense $525
Foreign exchange loss 5,000
Total $5,525 / $100,000 = 5.525% for 3 months
5.525% x 12/3 = 22.1% for 12 months
2018
Interest expense $2,425
Foreign exchange losses 20,075
Total $22,500 / $100,000 = 22.5% for 12 months
2019
Interest expense $2,250
Foreign exchange losses 25,125
Total $27,375 / $100,000 = 27.38% for 9 months
27.38% x 12/9 = 36.5% for 12 months
Because of appreciation in the value of the dudek, the effective annual interest cost ranges from 22.1% – 36.5%.
The net cash flows from this borrowing are:
Cash outflows:
Interest ($2,400 + $3,000) $5,400
Principal 150,000
$155,400
Cash inflow:
Borrowing (100,000)
Net cash outflow $ 55,400
Ignoring compounding, this results in an average effective interest rate of approximately 27.7% per year [($55,400 / $100,000) = 55.4% over two years; 55.4% / 2 years = 27.7% per year].
On September 30, 2017, Ericson Company negotiated a two-year, 2,800,000 dudek loan from a foreign bank at an interest rate of 4 percent per year. It makes interest payments annually on September 30 and will repay the principal on September 30, 2019. Ericson prepares U.S.-dollar financial statements and has a December 31 year-end. Prepare all journal entries related to this foreign currency borrowing assuming the following exchange rates for 1 dudek:
September 30, 2017$0.170
December 31, 2017 0.175
September 30, 2018 0.190
December 31, 2018 0.195
September 30, 2019 0.220
Taking the exchange rate effect on the cost of borrowing into consideration, determine the effective interest rate in dollars on the loan in each of the three years 2017, 2018, and 2019.
Dubai Corporation is looking to purchase a building costing $830,000 by paying $265,000 cash on the purchase date, and agreeing to make payments every three months for the next five years. The first payment is due three months after the purchase date. Dubai's incremental borrowing rate is 16%. Each of the payments is closest to
Answer:
Each payment is closest to $41,573.69.
Explanation:
This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:
PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)
Where;
PV = Present value or the balance to pay for the building = $830,000 - $265,000 = $565,000
P =Quarterly payment or payment after every three months = ?
r = Quarterly interest rate = Incremental borrowing rate / Number of quarters in a year = 16% / 4 = = 4%. or 0.04
n = number of quarters = Number of years * Number of quarters in a year = 5 * 4 = 20
Substitute the values into equation (1) and solve for P, we have:
$565,000 = P * ((1 - (1 / (1 + 0.04))^20) / 0.04)
$565,000 = P * 13.5903263449677
P = $565,000 / 13.5903263449677
P = $41,573.69
Therefore, each payment is closest to $41,573.69.
Is a business cycle a type of recession?
yes or no?
Answer:
The Answer is gonna be Yes
For each of the following changes, determine whether there will be a movement along the demand curve (a change in quantity demanded) or a shift in the demand curve (a change in demand). a. a change in the price of a related good b. a change in tastes c. a change in the number of buyers d. a change in price e. a change in expectations f. a change in income
Answer: See explanation
Explanation:
We should note that a movement along the demand curve occurs when there's a change in the price of the product. On the other hand, a shift in the demand curve is due to other factors that affect demand except the price. Therefore, the questions given are answered below based on the explanation above.
a. change in the price of a related good.
There'll be a shift in the demand curve.
b. a change in tastes
There'll be a shift in the demand curve.
c. a change in the number of buyers
There'll be a shift in the demand curve.
d. a change in price
There'll be a movement along the demand curve.
e. a change in expectations
There'll be a shift in the demand curve
f. a change in income
There'll be a shift in the demand curve
Operating data for Sheffield Corp. are presented below.
2020 2019
Sales revenue $720,000 $600,000
Cost of goods sold 501,120 424,200
Selling expenses 111,600 75,000
Administrative expenses 59,040 43,800
Income tax expense 28,800 24,600
Net income 19,440 32,400
Required:
Prepare a schedule showing a vertical analysis for 2020 and 2019.
Answer:
2020 % 2019 %
Sales revenue 720000 100% 600000 100%
Cost of goods sold 501120 70% 424200 71%
Gross profit 218880 30% 175800 29%
Selling expenses 111600 16% 75000 13%
Administrative expenses 59040 8% 43800 7%
Operating income 48240 7% 57000 10%
Income tax expense 28800 4% 24600 4%
Net income 19440 3% 32400 5%
The time that an employee spends on a particular job determines his or her specialization of labor.
Answer:
MAde up of employes in an industry
Explanation:
Webster Corporation's monthly projected general and administrative expenses include $4,500 administrative salaries, $1,900 of other cash administrative expenses, $2,100 of depreciation expense on the administrative equipment, and .5% monthly interest on an outstanding bank loan of $25,000. Compute the total budgeted general and administrative expenses budget per month.
Answer:
$8,500
Explanation:
Total budgeted general and administrative expenses are the compulsory daily cost expended to ensure that a company's operations is maintained irrespective of whether the company is making profit or not.
Examples of general and administrative expense includes rent, utility bill, insurance, depreciation of office furniture, insurance and wages etc.
Therefore,
Total budgeted general and administrative expenses budgeted per month = Administrative salaries + Other cash administrative expenses + Depreciation
= $4,500 + $1,900 + $2,100
= $8,500
Journalizing Cash Payments Transactions
Enter the following cash payments transactions in a general journal:
Sept. 5 Issued Check No. 318 to Georgetown Inc. for merchandise purchased
August 28, $5,500, terms 2/10, n/30. Payment is made within the discount
period.
12 Issued Check No. 319 to Martin Company for merchandise purchased
September 2, $7,500, terms 1/10, n/30. A credit memo had been received
on September 8 from Martin Company for merchandise returned, $500.
Payment is made within the discount period after deduction for the return
dated September 8.
19 Issued Check No. 320 to Professional Partners for merchandise purchased
August 20, $4,000, terms n/30.
27 Issued Check No. 321 to Dynamic Data for merchandise purchased
September 17, $9,000, terms 2/10, n/30. Payment is made within the
discount period.
Answer:
Journalizing Cash Payments Transactions
General Journal
Sept. 5 Debit Accounts payable (Georgetown Inc.) $5,500
Credit Cash $5,390
Credit Cash Discounts $110
To record the issue of Check No. 318 for merchandise purchased August 28 on terms 2/10, n/30, including discounts.
Sept. 12 Debit Accounts payable (Martin Company) $7,000
Credit Cash $6,930
Credit Cash Discounts $70
To record the issue of Check No. 319 for merchandise purchased September 2 on terms 1/10, n/30.
Sept. 19 Debit Accounts payable (Professional Partners) $3,400
Credit Cash $3,400
To record the issue of Check No. 320 for merchandise purchased August 20 on terms n/30.
27 Debit Accounts payable (Dynamic Data) $9,000
Credit Cash $8,820
Credit Cash Discounts $180
To record the issue of Check No. 321 for merchandise purchased September 17 on terms 2/10, n/30.
Explanation:
a) Data and Analysis:
Sept. 5 Accounts payable (Georgetown Inc.) $5,500 Cash $5,390 Cash Discounts $110 Issued Check No. 318 for merchandise purchased August 28 on terms 2/10, n/30.
Sept. 12 Accounts payable (Martin Company) $7,000 Cash $6,930 Cash Discounts $70 Issued Check No. 319 for merchandise purchased September 2 on terms 1/10, n/30.
Sept. 19 Accounts payable (Professional Partners) $3,400 Cash $3,400 Issued Check No. 320 for merchandise purchased August 20 on terms n/30.
27 Accounts payable (Dynamic Data) $9,000 Cash $8,820 Cash Discounts $180 Issued Check No. 321 for merchandise purchased September 17 on terms 2/10, n/30.
Consumer Choice and Demand:
Suppose Karen is planning a trip to Hawaii. Her research indicates that the average price of a hotel room is $250 per night. Karen calls one hotel and they tell her that they are offering a special rate for rooms on the thirteenth floor. Karen is deeply superstitious and knows that staying on the thirteenth floor will cause her to experience negative utility. What is the maximum amount that Karen should pay for a room on the thirteenth floor? Now suppose that Karen books a room at a different hotel, but upon checking in they tell her there are only rooms available on the thirteenth floor. She paid $250 a night for the room and it is non-refundable. However, there is a hotel across the street where she can pay for a room on the tenth floor.
Answer:
She can pay a maximum of $212.50
Explanation:
Average price for hotel room is $250 per night
The hotel is offering a discount of 15% on the hotel room price.
If Karen chooses a room at thirteenth floor she can only pay up to $212 for a room per night.
When Karen has paid $250 for a hotel room she gets to know that there is no availability of a room on the floors below thirteenth floor. The price is non refundable. She can ask the hotel for any extra services which can compensate her stay at thirteenth floor.
If Futura decides to make the starters, a supervisor would have to be hired (at a salary of $60,000) to oversee production. However, the company has sufficient idle tools and machinery such that no new equipment would have to be purchased. The rent charge above is based on space utilized in the plant. The total rent on the plant is $80,000 per period. Depreciation is due to obsolescence rather than wear and tear.
Answer:
$20,000
Explanation:
Calculation to determine the financial advantage (disadvantage) of making the 40,000 starters instead of buying them from an outside supplier
First step is to calculate the Relevant cost of making the starters
Relevant cost of making the starters=($3.1*40,000)+($2.70*40,000)+($0.6*40,000)+$60,000
Relevant cost of making the starters=$124,000+$108,000+$24,000+$60,000
Relevant cost of making the starters=$316,000
Second step is to calculate the Relevant cost of buying the starters
Relevant cost of buying the starters=(40,000*8.4)
Relevant cost of buying the starters=$336,000
Now let calculate the Financial advantage
Financial advantage=$336,000-$316,000
Financial advantage=$20,000
Therefore the financial advantage (disadvantage) of making the 40,000 starters instead of buying them from an outside supplier is $20,000
Define the term Agriculture
Answer:
the science or practice of farming, including cultivation of the soil for the growing of crops and the rearing of animals to provide food, wool, and other products. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to live in cities.
Explanation:
\ (•◡•) / Hey There!
Answer → Agriculture is the science or practice of farming, including cultivation of the soil for the growing of crops and the rearing of animals to provide food, wool, and other products.
✨Hope This Helps!✨
The following information is available for the pension plan of Concord Company for the year 2020.
Actual and expected return on plan assets $13,800
Benefits paid to retirees 38,400
Contributions (funding) 79,900
Interest/discount rate 10%
Prior service cost amortization 7,800
Projected benefit obligation, January 1, 2020 452,000
Service cost 54,700
Required:
Compute pension expense for the year 2020.
Answer:
$93,900
Explanation:
Computation for pension expense for the year 2020.
PENSION EXPENSE
Service cost $54,700
Interest cost $45,200
($452,000 * 0.10)
Less Actual return ($13,800)
Amortization of PSC $7,800
Pension expense $93,900
Therefore the pension expense for the year 2020 is $93,900
A semiprofessional baseball team near your town plays two home games each month at the local baseball park. The team splits the concessions 50/50 with the city but keeps all the revenue from ticket sales. The city charges the team $100 each month for the three-month season. The team pays the players and manager a total of $1000 each month. The team charges $10 for each ticket, and the average customer spends $8 at the concession stand. Attendance averages 30 people at each home game.
The team earns $_________in revenue for each game and $_________ revenue each season. With total costs of $_________ each season, the team finishes the season with $_________ of profit.
Answer and Explanation:
The computation is shown below:
The revenue earned by team for each game is
= $10 + 50% of $8
= $10 + 4
= $14
Now the revenue for each session is
= $14 × 30 PEOPLE × 6 games
= $2,520
The total cost would be
= $100 × 3 + $1,000 × 3
= $300 + $3,000
= $3,300
And, the team would finished the season for profit of
= Revenue - cost
= $2,520 - $3,300
= $780 loss
Finished goods inventory at the end of September was 3,000 units. Ending finished goods inventory is budgeted to equal 25 percent of the next month's sales. Asian Lamp expects to sell the lamps for $25 each. January sales is projected at 16,000 lamps. In going from the sales budget to the production budget, adjustments to the sales budget need to be made for
Answer: b. finished goods inventories,
Explanation:
To be able to come up with the Production budget, the sales budget will need to be adjusted for finished goods inventories to come up with the total production figure.
For instance:
Production Budget
Sales in units XXX
Add Ending finished goods inventories XXX
Less Opening finished goods inventories (XXX)
Production units for period XXX
Dunn Sporting Goods sells athletic clothing and footwear to retail customers. Dunn's accountant indicates that the firm's operating cycle averages 6 months. At December 31, 2019, Dunn has the following assets and liabilities:
1. Prepaid rent in the amount of $8,500. Dunn's rent is $500 per month.
2. A $9,700 account payable due in 45 days.
3. Inventory in the amount of $46,230. Dunn expects to sell $38,000 of the inventory within 3 months. The remainder will be placed in storage until September 2020. The items placed in storage should be sold by November 2020.
4. An investment in marketable securities in the amount of $1,900. Dunn expects to sell $700 of the marketable securities in 6 months. The remainder are not expected to be sold until 2022.
5. Cash in the amount of $1,050.
6. An equipment loan in the amount of $60,000 due in March 2024. Interest of $4,500 is due in March 2020 ($3,750 of the interest relates to 2019, with the remainder relating to the first 3 months of 2020).
7. An account receivable from a local university in the amount of $2,850. The university has promised to pay the full amount in 3 months.
8. Store equipment at a cost of $9,200. Accumulated depreciation has been recorded on the store equipment in the amount of $1,250.
Required:
Identify Current Assets and Liabilities.
Answer:
Dunn Sporting Goods
Identifying Current Assets and Current Liabilities
Current Assets:
1. Prepaid Rent $6,000
3. Inventory $46,230
4. Marketable securities $700
5. Cash $1,050
7. Account receivable $2,850
Current Liabilities:
2. Accounts payable $9,700
6. Interest Payable $4,500
Explanation:
a) Data and Analysis:
1. Prepaid Rent (Current Assets) $6,000 Prepaid Rent (Long-term Assets) $2,500 in the amount of $8,500. Dunn's rent is $500 per month.
2. Account payable $9,700
3. Inventory (Current assets) $46,230.
4. Short-term marketable securities $700 Long-term Investments $1,200
5. Cash (current assets) $1,050.
6. Loan Payable (long-term) $60,000 due in March 2024. Interest Payable (current liabilities) $4,500
7. Account receivable (Current assets) $2,850
8. Store equipment $9,200. Accumulated depreciation $1,250.
b) Current assets are short-term assets expected to be used up within 12 months while current liabilities are short-term assets expected to be settled within 12 months.
Briefly discuss the advantages of place departmentalisation
Answer:
Places responsibility at a lower level Places emphasis on local markets and problems. Improves coordination in a region Takes advantage of the economics of local operations. Face-to-face communication with local interests.
Assume year 1 is 2019 and by the beginning of year 4, the Sanchezes have paid down the principal amount of the loan to $500,000. In year 4, they borrow an additional $100,000 through a loan secured by the home in order to finish their basement. The new loan carries a 7 percent interest rate and is termed a "home equity loan" by the lender. What amount of interest can the Sanchezes deduct on the $100,000 loan?
Answer: $7,000
Explanation:
Interest deduction is allowed by the IRS if the loan was taken to improve the home. However, for married couples, only loans below the $750,000 limit can have their interest deducted.
The Sanchezes have paid off $500,000 of the principal of their previous loan so we will assume that was enough to get this new loan under the $750,000 limit.
Allowable interest deduction will therefore be:
= 100,000 * 7%
= $7,000
InterValley Inc. is undergoing major changes at its managerial level. It is also about to appoint a new CEO. Although this information is strictly confidential and has not yet been told to the employees, almost every employee in the company knows about it and is anticipating major changes in the firm in the near future. In this context, the employees at InterValley Inc. gained knowledge of the changes taking place in the company even before receiving any official message through _____.
Answer: the grapevine
Explanation:
The options are:
a.social media
b.the company newsletter
c.the grapevine
d.upward communication
Since we are informed that even though the information about recent happenings in the company is confidential, that every employee in the company knows about what's happening and is anticipating major changes in the firm in the near future, we can say this is an informal means of communication which is also referred to as a grapevine.
Other options given in the question are wrong as they don't fit in into the question. Therefore, the correct answer is "grapevine".
*The best answer will receive brainliest, I will friend you, and I will like all of the questions you've asked or answered.
*Any submission unorthodox or not relating to the question will be reported!!!
Choose a developing country that is starting to participate in global trade. Describe how economic concepts are affecting the lives of people in that country. Describe both the benefits and drawbacks of the country’s global trade activities.
Answer:
Amira, a sales rep for a software company, was asked by a potential customer whether the company’s technology could perform a specific function critical to his business needs. Amira wasn’t certain the software could handle his needs, so she told him she would need to get back to him. Rather than provide potential misinformation just to make the sale, Amira checked with the development team first. After determining the product could perform the requested function, she let her customer know. Not only did Amira earn the sale, but she earned trust and respect from her client, too.
Explanation:
In a workplace setting, acting with integrity often means demonstrating your core values in all efforts. Here are a few behaviors that show integrity: Being dependable and following through on commitments, Being open and honest when communicating with others, Holding yourself accountable and owning up to your shortcomings
Employees must exercise integrity regardless of their department or career level. Integrity is critical, however, in leadership positions where people have the opportunity to set examples for others. By incorporating strong values into your behavior, you can help encourage other employees to do the same.
How to display integrity in the workplace
Whether you’re working in a small business or a large corporation, your commitment to integrity will impact the workplace. Acting with integrity not only helps show employers you are capable of handling responsibilities that can advance your career, but it also helps foster a positive company culture.
Actions to demonstrate integrity and impact your workplace
1. Show up ready to work
2. Set a positive example
3. Be respectful during the conflict
4. Practice accountability
5. Follow and enforce company policies
6. Improve your work ethic
7. Respect property
Benjamin Company produces two products from a joint process: X and Z. Joint processing costs for this production cycle are $8,000. Yards Sales price per yard at split-off Disposal cost per yard at split-off Further processing per yard Final sale price per yard X 1,500 $6.00 $3.50 $1.00 $7.50 Z 2,200 9.00 5.00 3.00 11.25 If X and Z are processed further, no disposal costs will be incurred or such costs will be borne by the buyer. Refer to Benjamin Company. Using sales value at split-off, what amount of joint processing cost is allocated to Product X (round to the nearest dollar)
Answer:
Benjamin Company
Using sales value at split-off, the amount of joint processing cost allocated to Product X is:
= $2,500.
Explanation:
a) Data and Calculations:
Joint Products X Y Total
Joint processing cost $8,000
Units 1,500 2,200 3,700
Sales price per yard $6.00 $9.00
Sales value at split-off $9,000 $19,800 $28,800
Disposal cost per yard 3.50 5.00
Further processing per yard 1.00 3.00
Final sales price per yard 7.50 11.25
Product X = $2,500 ($8,000 * $9,000/$28,800)
New shale gas deposits are found in North Dakota :
A. Long-run aggregate supply shifts.
B. Short-run aggregate supply shifts,
C. Both shift.
D. Neither shifts
Hot weather leads to lower crop yields in the Midwest.
A. long run agregate supply shifts.
B. Short-run agregate supply shifts.
C. Both shift
D. Neither shifts
Answer and Explanation:
When the deposits with respect to new shale gas found in north dakota so there would be the both shifts i.e. long run aggregate supply and the short run aggregate supply
And on the other hand when the hot weather would lead to less crop in the midwest so there should be the shift in the short run aggregate supply
Therefore the same would be considered and relevant too
43) Which of the following statements is definitely true regarding environmental complexity?
A) Environmental richness and environmental dynamism are inversely proportional to each
other.
B) As a company begins to produce a wider variety of products for different groups of
customers, its environmental complexity begins to decrease.
C) Environmental complexity is a function of the organizational structure selected by a company.
D) The more interconnected the forces in an organization's specific and general environments,
the more uncertainty the organization faces.
Answer:
D) The more interconnected the forces in an organization's specific and general environments, the more uncertainty the organization faces.
Explanation:
Environmental complexity can be defined as organising and comparing how environmental variables are interdependent. When there is a low organisational complexity, this shows that the environment is defined by a few variables while a high complexity variable means that there are different important variables for the environment to consider.
Therefore, the statement that is definitely true regarding environmental complexity is, the more interconnected the forces in an organization's specific and general environments, the more uncertainty the organization faces.
D) The more interconnected the forces in an organization's specific and general environments, the more uncertainty the organization faces.
Environmental complexityThe number of environmental variables and their interrelation were termed as environmental complexity. Low organizational complexity suggests that the environment is described by only a few factors, whereas high complexity indicates that there are many essential variables to consider.D) The more interconnected the forces in an organization's specific and general environments, the more uncertainty the organization faces.For more information:
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The Car Service Center has the design capacity to perform an average of 60 repairs per day. The effective capacity of this repair shop is an average of 40 repairs day, while the actual repairs number an average of 36 per day. Given this information, the capacity efficiency percentage is ______.
Answer:
(36 /60 ) * 100
Explanation:
Based on the information given the capacity utilization percentage will be :
Capacity utilization percentage= (36 /60 ) * 100
Capacity utilization percentage=60%
Where,
36 per day represent Actual repairs number
60 repairs per day represent Design capacity
Therefore capacity utilization percentage is (36 /60 ) * 100
List three examples of fossil fuels are
Answer:
i Will help
Explanation:
dinosaur ones
Turtle ones and
fish fossils
your welcome my buddy
Answer:
Explanation:
Coal, crude oil, and natural gas are all considered fossil fuels because they were formed from the fossilized, buried remains of plants and animals that lived millions of years ago
John is a math whiz who enjoys working hard. While he can collaborate, he prefers to work alone. Which of the following marketing careers would be the best fit for Johns skills.
A.Graphic Designer
B.Marketing research analyst
C.Public Relations Professional
D.Sales Representative
After analyzing the scenario, the best-fit marketing career for Johns's skills would be Marketing research analyst. Thus, option 'B' is the correct option.
What is a Marketing research analyst?Analysts of market research collect and examine consumer and competitor data. To determine the likelihood that a good or service will be purchased, market research experts examine customer preferences, economic conditions, and other variables. They assist businesses in determining who will buy certain things and at what price. If you enjoy working in a position that rewards analytical, collaborative, creative, and critical thinking abilities, a job in market research is a great fit.
Market researchers get to be at the cutting edge of business trends. Because they work set hours and get weekends off, many marketing analysts are able to maintain a healthy work-life balance. Due to the fact that most businesses require their services, they also frequently have good job security.
Learn more about Marketing research analysts, here:
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Go Fly A Kite is considering making and selling custom kites in two sizes. The small kites would be priced at $11.90 and the large kites would be $24.90. The variable cost per unit is $5.75 and $12.50, respectively. Jill, the owner, feels that she can sell 3,300 of the small kites and 1,910 of the large kites each year. The fixed costs would be $2,120 a year and the depreciation expense is $1,600. The tax rate is 40 percent. What is the annual operating cash flow
Answer:
See below
Explanation:
Given the above information,
Sales
= ($11.90 × 3,300) + ($24.9 × 1,910)
= $39,270 + $4,7559
= $86,829
Total variable cost
= ($5.75 × 3,300) + ($12.5 × 1,910)
= $18,975 + $23,875
= $42,950
Contribution margin = $43,979
Fixed cost = ($2,120)
Depreciation = ($1,600)
EBIT = $40,259
Tax = ($40,259 × 0.40) = $16,104
Depreciation = $1,600
Net operating cash flow = $22,555
Based on the following S&A expenses budgeted for October, prepare a S&A expenses budget for October, November and December.
Sales commissions (10% increase per month) $7,200
Supplies expense (10% increase per month) 1,800
Utilities (fixed) 2,200
Depreciation on store equipment (fixed) 1,600
Salary expense (fixed) 34,000
Rent (fixed) 6,000
Miscellaneous (fixed) 1,000
Cash payments for sales commissions and utilities are made in the month following the one in which the expense is incurred. Supplies and other operating expenses are paid in cash in the month in which they are incurred.
Answer and Explanation:
The preparation of the S&A expenses budget for October, November and December is presented below:
Particulars October November December
Variable expense :
Sales commission $7,200 $7,920 $8,712
($7,200 × 1.10) ($7,920 × 1.10)
Supplies expense $1,800 $1,980 $2,178
($1,800 × 1.10) ($1,920 × 1.10
Fixed Expenses:
Utilities expense $2,200 $2,200 $2,200
Depreciation on
Store equipment $1,600 $1,600 $1,600
Salary expense $34,000 $34,000 $34,000
Rent expense $6,000 $6,000 $6,000
Miscellaneous
expense-fixed portion $1,000 $1,000 $1,000
Total Selling and
Administrative Expenses $53,800 $54,700 $55,690
The Charade Corporation is preparing its Manufacturing Overhead budget for the fourth quarter of the year. The budgeted variable manufacturing overhead is $7 per direct labor-hour; the budgeted fixed manufacturing overhead is $87,000 per month, of which $16,200 is factory depreciation. If the budgeted direct labor time for November is 8,200 hours, then the total budgeted manufacturing overhead for November is:
Answer:
See below
Explanation:
Given the above information, the total budget manufacturing overhead is computed as
= Variable factory overhead rate per direct labor hour × Budgeted direct labor time for November + Fixed factory overhead per month
= $7 × 8,200 + $87,000
= $57,400 + $87,000
= $144,000
Therefore, the total budgeted manufacturing overhead for November is $144,000