Answer:
none of the above
Explanation:
cause I think the answer is software applications which isnt on the options.
I hope this helps
The following information is available for Ethtridge Manufacturing Company for the month ending July 31:
Cost of direct materials used in production $147,700
Direct labor 177,200
Work in process inventory, July 1 66,500
Work in process inventory, July 31 90,100
Total factory overhead 81,200
Required:
Determine Ethtridge's cost of goods manufactured for the month ended July 31.
Answer:
the cost of goods manufactured is $382,500
Explanation:
The computation of the cost of goods manufactured is shown below:
Cost of direct materials used in production $147,700
Direct labor 177,200
Work in process inventory, July 1 66,500
Total factory overhead 81,200
Less:
Work in process inventory, July 31 90,100
Cost of goods manufactured $382,500
Hence, the cost of goods manufactured is $382,500
Peabody Company owns 90% of the outstanding capital stock of Sloane Company. During 2014 and 2015 Sloane Company sold merchandise to Peabody Company at a markup of 25% of selling price. The selling price of the merchandise sold during the two years was $42,400 and $24,000, respectively. At the end of each year, Peabody Company had in its inventory one-fourth of the goods purchased that year from Sloane Company. Sloane Company reported net income of $29,300 in 2014 and $35,300 in 2015. Required:Determine the amount of the noncontrolling interest in consolidated income to be reported for 2014 and 2015.
Answer:
Amount of noncontrolling interest in consolidated income to be reported in 2014 = $2,718
Amount of noncontrolling interest in consolidated income to be reported in 2015 = $3,410
Explanation:
Percentage of the unsold inventory = One-fourth = 1 / 4 = 0.25, or 25%
Percentage of noncontrolling interest = 100% - 90% = 10%
Unrealized profit on inventory = Selling price of the merchandise * Percentage of the unsold inventory * (Markup / (100% + Markup)) ……………. (1)
Amount of noncontrolling interest in consolidated income to be reported = (Reported net income by Sloane - Unrealized profit on inventory) * Percentage of noncontrolling interest ……………. (2)
Using equation (1), we have:
Unrealized profit on inventory in 2014 = $42,400 * 25% * (25% / (100% + 25%)) = $2,120
Unrealized profit on inventory in 2015 = $24,000 * 25% * (25% / (100% + 25%)) = $1,200
Using equation (2), we have:
Amount of noncontrolling interest in consolidated income to be reported in 2014 = ($29,300 - $2,120) * 10% = $2,718
Amount of noncontrolling interest in consolidated income to be reported in 2015 = ($35,300 - $1,200) * 10% = $3,410
The journal entry to record the transfer of units from Process 1 to the Process 2 in process costing is: Multiple choice question. debit Cost of Goods Sold and credit Finished Goods debit Finished Goods and credit Cost of Goods Sold debit Work in Process Inventory - 1 and credit Work in Process Inventory - 2 debit Work in Process Inventory - 2 and credit Work in Process Inventory - 1
Answer: debit Work in Process Inventory - 2 and credit Work in Process Inventory - 1
Explanation:
The units needs to be moved from Process 1 so they will be credited from the the Work in process inventory of Process 1 to represent that the inventory is reducing. This is because inventory is an asset and assets are credited when they reduce.
The inventory will then be debited to Process 2 to show that Process 2 gained inventory and is increasing because assets are debited when they increase.
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Why do we need marketing training?Marketing education is about creating awareness of the way to talk effectively, orally, written, and online. By equipping small enterprise proprietors with higher verbal exchange skills, the enterprise may be in a higher function to work extra proficiently and in the end succeed.
Therefore, these are the learnings students get in marketing schools.
Learn more about marketing training here:
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The inventory data for an item for November are: Nov. 1 Inventory 23 units at $24 4 Sale 9 units 10 Purchase 29 units at $25 17 Sale 22 units 30 Purchase 22 units at $26 Using a perpetual system, what is the cost of merchandise sold for November if the company uses LIFO
Answer:
766
Explanation:
Calculation to determine the cost of merchandise sold for November if the company uses LIFO
Cost of merchandise sold = (9*24) + (22*25)
Cost of merchandise sold= 216 + 550
Cost of merchandise sold=766
Therefore the cost of merchandise sold for November if the company uses LIFO is 766
One reason for the wave of FDI into the United States by Japanese auto companies was partly in response to
Answer:
government-imposed tariffs on Japanese auto imports.
Explanation:
Tokyo put no taxes on American and other imported vehicles. The US under the TPP had agreed to its tariff would be 2.5% and that all japan automobiles would be removed. The new tariff system would make auto manufacturers in the US produce and sell cars.Gerardo wants to develop an Internet-based auction business and is working through the STP process. After establishing his objectives, describing potential market segments, and evaluating the attractiveness of each segment, Gerardo now has to
Answer:
select a target market.
Explanation:
As we know that STP means segmenting, targeting and positioning.
Since the marget segmentation is conducted via allocating the market into different kind of segments that depend upon the same kind of needs so here the next step to choose the target market in which the suitable market segment should be selected that depend upon the evaluation process
Crane Co. reports net income of $64,000. Partner salary allowances are Pitts $13,000, Filbert $4,000, and Witten $8,000. Indicate the division of net income to each partner, assuming the income ratio is 51 : 26 : 23, respectively.
Answer:
Pitts = $19,890
Filbert = $10,140
Witten = $8,970
Explanation:
First, calculate the distributable income
Distributable Income = Net income - Total salary allowances = $64,000 - ( $13,000 + $4,000 + $8,000 ) = $64,000 - $25,000 = $39,000
Now calculate the net income share of each partner using following formula
Share = Distributable profit x Income ratio
Pitts = $39,000 x 51% = $19,890
Filbert = $39,000 x 26% = $10,140
Witten = $39,000 x 23% = $8,970
During August, Salinger Company accumulated 580 hours of direct labor costs on Job 40 and 630 hours on Job 42. The total direct labor was incurred at a rate of $13 per direct labor hour for Job 40 and $9 per direct labor hour for Job 42. Journalize the entry to record the flow of labor costs into production during August.
Answer:
Dr Work in process $13,210
Cr Wages payable $13,210
Explanation:
Based on the information given the appropriate journal entry to record the flow of labor costs into production during August is:
Dr Work in process $13,210
Cr Wages payable $13,210
(580*$13)+(630*$9)
($7540+$5670)
(To record the flow of labor costs into production during August)
Marion Cosmetics decides to launch a cream with a claim that it makes skin "10 times smoother and reduces wrinkles by 90%. The claim is based on a study of 30 respondents who used products of other brands as well. However, a second study on a larger sample reveals only a mild correlation between the use of the cream and smoother skin and reduction in wrinkles.
Required:
In these circumstances, what is the most ethical approach that Marion Cosmetics can follow?
Answer:
It should report the result as it is, or improve the product to match its claim.
Explanation:
In the given situation, it is mentioned that cosmetics decided to introduce the cream with a claim that it makes the skin ten times smoother and decreased wrinkles by 90% also it is depend upon the 30 respondents
But the second study shows that there is a large correlation lies between the usage of the cream & smoother skin & decrease in wrinkles
So the most ethical approach is that it should be reported in the same way or it can be improved the product in order to match its claim
war never ends neither does My determination
Answer:
I shall be your eternal nightmare." "War never ends, neither does my determination." "Demons! Step forward if you have a death wish."
The gravity model offers a logical explanation for the fact that :________
A) trade between Asia and the U.S. has grown faster than NAFTA trade.
B) trade in services has grown faster than trade in goods.
C) trade in manufactures has grown faster than in agricultural products.
D) Intra-European Union trade exceeds international trade by the European Union.
E) the U.S. trades more with Western Europe than it does with Canada.
Describe the main procedures of running a successful meeting
The Three Rules of Running a Meeting. Set the Agenda. ...
Control the Meeting, Not the Conversation. Let Them Speak. ...
Make Meetings Essential. Do a Meeting Audit.
Marion is a great manager and he has a number of special skills. In particular, Marion has the ability to get his subordinates to do more than would be normally expected. Which of the following terms best describes Marion?
a. Transactional leader
b. Supportive leader
c. Charismatic leader
d. People-oriented leader
Answer: c. Charismatic leader
Explanation:
Charismatic leaders are people who are capable of motivating other people by using their great interpersonal and communication skills, ability to charm others and the ease with which they can persuade people.
When they motivate others, those people are willing to do more than they normally do in relation to what they were being motivated for. In this case, Marion is therefore a charismatic leader as he is able to get employees to do more than they normally do.
Tiny Town Kennel earns service revenue by caring for the pets of customers. Tiny Town Kennel is organized as a sole proprietorship and owned by Earle Martin . During the past month, Tiny Town Kennel has the following transactions: LOADING... (Click the icon to view the transactions.) Indicate the effects of the business transactions on the accounting equation for Tiny Town Kennel. Transaction (a) is answered as a guide. a. Received $ 520 cash for service revenue earned. (Transaction (a) is answered as a guide.) a. Increase asset (Cash) ; Increase equity (Service Revenue) b. Paid $ 325 cash for salaries expense.
Answer:
Paid $325 cash for salaries expense ⇒ Decrease asset (Cash); Decrease in Equity (Expenses)
Assets are reduced because the money used to pay for the salaries came from cash and cash is an asset. Assets will therefore be credited.
Equity also reduces because expenses come out operating income which is part of Equity. Equity will be debited as it is debited when it decreases.
a. The owner of Central Cupcake Shop finds that when she doubles the amount of flour she buys, but makes no other changes, cupcake output rises by 60%. This is an example of
Answer:
decreasing marginal returns
Explanation:
In this scenario, the owner of Central Cupcake Shop discover that when she doubles the amount of flour she buys without making additional changes, her cupcake output rises by 60%. This is an example of decreasing marginal returns.
Explain why, for income tax purposes, management of Dorsey Co. would want as little of the purchase price as possible allocated to land. (Select all that apply.)
Answer:
In simple words, any company operating a business do not want to allocate much price to the land as it is non current asset and also it does not depreciate in value over time.
The depreciation amount reduces the taxable income of the year which further results in less taxable amount. Thus, resulting in higher profits for the company.
Revenue is $6,000,000 the first year. You anticipate that it will increase by 6% a year for the subsequent 5 years. Assume an interest rate of 6%, compounded annually. What is the present value of revenue
Answer:
$28,301.886.79
Explanation:
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow in year 1 = $6,000,000
Cash flow in year 2 = $6,000,000 x 1.06 = 6,360,000
Cash flow in year 3 = $6,000,000 x 1.06^2 = 6,741,600
Cash flow in year 4 = $6,000,000 x 1.06^3 = 7,146,096
Cash flow in year 5 = $6,000,000 x 1.06^4 = 7574,861.76
I = 6%
PV = $28,301.886.79
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
what are the merit and demerit of business organization?
Answer:
Merit
Independence
Lifestyle
Financial rewards
Learning opportunities
Creative freedom and personal satisfaction
Demerit
Financial risk
Stress
Time commitment
Undesirable duties
Use the DuPont system and the following data to find return on equity.(Do not round intermediate calculations. Round your answer to 1 decimal place.)
Leverage ratio 2.8
Total asset turnover 2.5
Net profit margin 5.3 %
Dividend payout ratio 35.2 %
Return on equity %
Answer:Return on Equity= 37.1%
Explanation:
According to the DuPont Analysis System,
Return on Equity = Leverage Ratio x Net profit margin x Total asset turnover
Return on Equity = 2.8 x 5.3% x 2.5
Return on Equity=0.371
Return on Equity= 37.1%
in a survey of companies, it was found that 45 were in the mining sector, 72 were in
the financial sector, 32 were in the IT sector and 101 were in the production sector,
Answer:
0.288
0.308
Explanation:
Given :
Mining sector = 45
Financial sector = 72
IT sector = 32
Production sector = 101
Total number of companies :
(45 + 72 + 32 + 101) = 250
A.)
Probability that a randomly selected company is in the financial sector
Recall :
Probability = required outcome / Total possible outcomes
P(company = financial) = (number of companies in financial sector / total number of companies)
P(company = financial) = 72 / 250 = 0.288
B.)
Company is either a mining or IT company :
P(company = Mining or IT) = (number of mining + number of IT Companies) / total number of companies
P(company = Mining or IT) = (45 + 32) / 250 = 77 / 250 = 0.308
These are selected account balances on December 31, 2020. Land (location of the office building) $97000 Land (held for future use) 152000 Corporate Office Building 675000 Inventory 182000 Equipment 457000 Office Furniture 135000 Accumulated Depreciation 427000 What is the total net amount of property, plant, and equipment that will appear on the balance sheet
Answer:
$937,000
Explanation:
Calculation to determine the total net amount of property, plant, and equipment that will appear on the balance sheet
Land (location of the office building) $97000
Add Office Building 675000
Add Equipment 457000
Add Office Furniture 135000
Less Accumulated Depreciation (427000 )
Total Net Amount $937,000
Therefore the total net amount of property, plant, and equipment that will appear on the balance sheet is $937,000
Determine the amount to be paid in full settlement of each purchase invoice, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. Merchandise Freight Paid Returns and by Seller Freight Terms Allowances a. $11,000 $260 FOB shipping point, 1/10, net 30 $1,100 b. $4,200 $101 FOB destination, 2/10, net 45
Answer:
a. The total cost is:
= ((Cost of goods - Returns) * discount factor) + Freight paid by seller
= ( (11,000 - 1,100) * (1 - 1%)) + 260
= 9,900 * 99% + 260
= $10,061
Note: When shipping is FOB Shipping point, freight is paid by buyer. Discount terms of 1/10 means that a discount of 1% is allowed if settlement is done within 100 days.
b. Total Cost is:
= ( Cost of goods - Returns) * Discount factor
= 4,200 * (1 - 2%)
= $4,116
Note: When shipping is FOB Destination, freight is not paid by buyer. 2/10 discount means 2% discount if settled in 10 days.
non-employees are allowed in the store before the store opens and after closing time
Answer:
the answer is also no
Explanation:
this is because they do not work there and have no business there
The top part of Rammy's Inc.'s 2018 balance sheet is listed as follows (in millions of dollars). Current assets: Current liabilities: Cash and marketable securities $ 5 Accrued wages and taxes $ 6 Accounts receivable 15 Accounts payable 10 Inventory 95 Notes payable 50 Total $ 115 Total $ 66 What are Mars, Inc.'s current ratio, quick ratio, and cash ratio for 2018?
Answer:
Rammy's Inc or Mars, Inc
Current ratio
= 1.74
Quick ratio
= 0.3
Cash ratio
= 0.076
Explanation:
a) Data and Calculations:
Current assets: Current liabilities:
Cash and marketable securities $ 5 Accrued wages and taxes $ 6
Accounts receivable 15 Accounts payable 10
Inventory 95 Notes payable 50
Total $ 115 Total $ 66
Current ratio = Current assets/Current liabilities
= $115/$66
= 1.74
Quick ratio = Current assets - Inventory/Current liabilities
= $20/$66
= 0.3
Cash ratio = Cash and marketable securities/Current liabilities
= $5/$66
= 0.076
T/F If firms from country A undertake $20 billion of FDI in firms from country B in year 1, and another $20 billion in year 2, then we can say that in each of those two years, B receives annual FDI outflows of $20 billion, and A generates annual FDI inflows of $20 billion.
Answer: False
Explanation:
In both the first and second years, firms in country A undertook FDI projects of $20 billion in country B. This means that Country A had FDI outflows of $20 billion in those two years not inflows. Inflows are what happens when the FDI is coming into the country.
Country B on the other hand, was receiving money from country A. Country B therefore had FDI inflows of $20 billion in each of the two years and not outflows like Country A had.
What are the challenges that Vietnamese Businesses Face Due to Warehouse Locations in Industrial Parks
The challenges that Vietnamese businesses have to face or facing due to the warehouse locations are described below. Firstly we have to describe the warehouse locations.
The Warehouse locations in Industrial parks:
Vietnam has designated and developed several office buildings as well as regions throughout order to attract foreign investors. Vietnam's development projects are located throughout the kingdom's northwestern part.
Warehouse placement across the industrial parks presents several challenges such as:
As of now, the coordinating structure has always been in the creation stage. Supplementary time is required for coordinates.It seems to have a direct influence on either the accumulation as well as transportation, and perhaps even the expense of the action itself.Learn more about Vietnamese businesses here:
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A rich relative has bequeathed you a growing perpetuity. The first payment will occur in a year and will be
Answer:
1. $25,000
2. $27,000
Explanation:
Here is the complete question :
A rich relative has bequeathed you a growing perpetuity. The first payment will occur in a year and will be $1000. Each year after that, you will receive a payment on the anniversary of the last payment that is 8% larger than the last payment. This pattern of payments will go on forever. If the interest rate is 12% per year,
a. what is today’s value of the bequest?
b. what is the value of the bequest immediately after the first payment is made?
a. Value today = value of payment /( interest rate - growth rate)
$1000 / (12% - 8%)
$1000 / (0.12 - 0.08)
$1000 / 0.04
= $25,000
b. Value today = [value of payment x ( 1 + growth rate)] /( interest rate - growth rate)
(1000 x 1.08) / (0.12 - 0.08)
1080 / 0.04
= 27,000
A business provides its employees with varying amounts of vacation per year, depending on the length of employment. The estimated amount of the current year's vacation pay is $42,000.
a- Journalize the adjusting entry required on January 31, the end of the first month of the current year, to record the accrued vacation pay.
b- How is the vacation pay reported on the company's balance sheet? When is this amount removed from the company's balance sheet?
Answer:
ill try but imma be wrong
What skills influence a manager's ability to work well with people.
Question 1 options:
a)
Conceptual
b)
Professional
c)
Interpersonal
d)
Technical
e)
Decisional
