Answer:
Credit balance of $3,000
Explanation:
Calculation of unearned revenue balance at the end of march
Particulars Amount
Beginning balance $2,000
Add: during the march (300*$20) $6,000
Total unearned revenue balance $8,000
Less: Ticket used (250*$20) $5,000
Ending balance $3,000
So, the balance in Unearned Revenue at the end of March is Credit balance of $3,000.
Linda earned an income of $3,000 per month, which has now increased to $3,500 per month. She saves 10 percent and spends the remainder on food, lodging and other expenses. So far, she has managed to save $20,000. What is her marginal propensity to save (MPS)
Answer:
the mps is 0.10
Explanation:
Given that
Income increased from $3,000 to $3,500 per month
ALso she saved 10% and spend the remaining on other expenses
So, she saved $20,000
Now the marginal propensity to consume is
As we know that
MPS = change in saving ÷ change in income
So put the values
After putting out the values, the mps is 0.10
.............................................................................
In 2005, bankruptcy reform laws:
A: made student loans dischargeable in bankruptcy
B: required debtors to pay more of their debts in bankruptcy
Answer:
B: required debtors to pay more of their debts in bankruptcy
Explanation:
The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) which was passed in 2005, reviewed the bankruptcy process in America.
This law was reviewed because it wanted to prevent abuse of the bankruptcy process.
Therefore, In 2005, bankruptcy reform laws required debtors to pay more of their debts in bankruptcy.
In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:
Net income for the year was $52,000
Accounts payable increased by 18,000
Accounts receivable decreased by 25,000
Inventories increased by 5,000
Depreciation expense was 30,000
Net cash provided by operating activities was: ________
a) $80,000
b) $70,000
c) $130,000
d) $120,000
e) $60,000
Answer:
d) $120,000
Explanation:
Calculation to determine what Net cash provided by operating activities was:
CASH FLOWS FROM OPERATING ACTIVITIES $
Net Income 52,000
Adjustments to reconcile net income to
net cash provided by operating activities:
Depreciation expense was 30,000
Increase Accounts Payable 18,000
Decrease Accounts Receivables 25,000
Less Increase in Inventory (5,000)
NET CASH PROVIDED BY OPERATING ACTIVITIES 120,000
Therefore Net cash provided by operating activities was:$120,000
A chart of accounts for a merchandising business a.usually is standardized by the FASB for all merchandising businesses b.usually is the same as the chart of accounts for a service business c.always uses a three-digit numbering system d.usually requires more accounts than does the chart of accounts for a service business
Answer:
A chart of accounts for a merchandising business
d. usually requires more accounts than does the chart of accounts for a service business.
Explanation:
A merchandising business will require many accounts to account for inventory movements, costs, and revenue from the sale of inventory. These accounts are not applicable to a service business. Therefore, the chart of accounts for a service business will not require many accounts.
Units to be Assigned Costs Kraus Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are rolled into steel sheet. The Rolling Department received 4,000 tons from the Casting Department in October. During October, the Rolling Department completed 3,900 tons, including 200 tons of work in process on October 1. The ending work in process inventory on October 31 was 300 tons. How many tons were started and completed during October? fill in the blank 1 tons
Answer:
the no of tons started and completed is 3700
Explanation:
The computation of the no of tons started and completed is given below:
Units Completed = Beginning Work in Process Units Completed + Units started and Completed during October
3,900 = 200 + Units started and Completed during October
So,
Units started and Completed during October = 3,700
Hence, the no of tons started and completed is 3700
Single Plantwide Factory Overhead Rate Kennedy Appliance Inc.’s Machining Department incurred $159,500 of factory overhead cost in producing hoses and valves. The two products consumed a total of 5,500 direct machine hours. Of that amount, hoses consumed 2,800 direct machine hours. Determine the total amount of factory overhead that should be allocated to hoses using machine hours as the allocation base. $fill in the blank 1
Answer:
the total amount of factory overhead that should be allocated to hoses using machine hours is $81,200
Explanation:
The calculation of the total amount of factory overhead that should be allocated to hoses using machine hours is given below:
= $159,500 × 2,800 ÷ 5,500
= $81,200
Hence, the total amount of factory overhead that should be allocated to hoses using machine hours is $81,200
the same is relevant
A put option on 100 shares of Generous Dynamics stock has an exercise price $115.0 per share. GD declares 4.0-for-1 stock split. What happens to the exercise price and the number of shares underlying the option
Answer: number of shares increases to 400 and the exercise price is reduced to $28.75
Explanation:
4 for 1 stock split means 1 stock will be splitted into 4 equal stock. In this case, the 100 shares will become:
= 100 × 4
= 400 shares.
Then, the exercise price will be calculated as:
Exercise price:
$115 x 100 shares = new exercise price x 400 shares
$11500 = new exercise price x 400 shares
Exercise price = $11500/400
Exercise price = $28.75
Therefore, the number of shares increases to 400 and the exercise price is reduced to $28.75
Wilturner Company incurs $90,000 of labor related directly to the product in the Assembly Department, and $39,000 of labor related to the Assembly Department as a whole, and $26,000 of labor for services that help production in both the Assembly and Finishing departments. The amount of direct labor and factory overhead respectively are:
Answer:
Direct labor = $90,000
Factory overhead = $65,000
Explanation:
i. Cost of direct labor of $90,000 will be assigned to Work-in process for the period as direct costs.
ii. Cost of indirect labor of $39,000 and cost of labor services of $26,000 are assigned to manufacturing or factory overheads as indirect costs that total of $65,000 ($39,000 + $26,000).
A $1,000 bond matures in 15 years and carries a 5 percent coupon. The bond is callable in 5 years at a premium equal to one year's interest payments. What is the correct formula for computing the current price given a market rate of 4.7 percent
Answer:
The formula is
Price of the bond = [ $25 x ( 1 - ( 1 + 2.35% )^-30 )/ 2.35% ] + [ $1,000 / ( 1 + 2.35% )^30 ]
Explanation:
To calculate the price of the bond, use the following formula
Price of the bond = [ Coupon payment x ( 1 - ( 1 + Semiannual market rate )^-numbers od periods )/ Semiannual market rate ] + [ Face value / ( 1 + Semiannual market rate )^numbers of periods ]
Where
Coupon payment = $1,000 x 5% x 6/12 = $25
Semiannual market rate = 4.7% x 6/12 = 2.35%
Numbers of periods = 15 years x 12/6 = 30
Face value = $1,000
Placing values in the formula
Price of the bond = [ $25 x ( 1 - ( 1 + 2.35% )^-30 )/ 2.35% ] + [ $1,000 / ( 1 + 2.35% )^30 ]
Department S had 500 units 68% completed in process at the beginning of the period, 8,000 units completed during the period, and 900 units 49% completed at the end of the period. What was the number of equivalent units of production for the period for conversion if the first-in, first-out method is used to cost inventories? Assume the completion percentage applies to both direct materials and conversion cost. a.7,500 b.8,101 c.7,660 d.9,001
Answer: b. 8,101 units
Explanation:
When using the FIFO method to cost inventories, the number of equivalent units for production takes into account the beginning inventory.
It is calculated as:
= (Beginning inventory * (1 - completion rate) ) + (Units completed - Opening inventory) + (Ending inventory * Completion rate)
= (500 * ( 1 - 68%)) + (8,000 - 500) + (900 * 49%)
= 160 + 7,500 + 441
= 8,101 units
3. Which of the following is NOT a factor of production?
a. land
d. entrepreneurship
b. output
e. capital
c. inputs
Answer:
Output.
Explanation:
because it is an effect of production but not a factor.
chiến lược phân phối của thương hiệu Omo
Answer:No
si chang chang hoi
Explanation:
thế nào là lọi ích so sánh
Answer:
Lợi thế so sánh hay Ưu thế so sánh là một nguyên tắc trong kinh tế học phát biểu rằng mỗi quốc gia sẽ được lợi khi nó chuyên môn hóa sản xuất và xuất khẩu những hàng hóa mà mình có thể sản xuất với chi phí tương đối thấp (hay tương đối có hiệu quả hơn các nước khác); ngược lại, mỗi quốc gia sẽ được lợi nếu nó nhập khẩu những hàng hóa mà mình có thể sản xuất với chi phí tương đối cao (hay tương đối không hiệu quả bằng các nước khác). Nguyên tắc lợi thế so sánh cho rằng một nước có thể thu được lợi từ thương mại bất kể nó tuyệt đối có hiệu quả hơn hay tuyệt đối không hiệu quả bằng các nước khác trong việc sản xuất mọi hàng hóa. Nguyên tắc lợi thế so sánh là khái niệm trọng yếu trong nghiên cứu thương mại quốc tế. Nhà kinh tế học được giải thưởng Nobel năm 1970 Paul Samuelson đã viết: "Mặc dù có những hạn chế, lý thuyết lợi thế so sánh vẫn là một trong những chân lý sâu sắc nhất của mọi môn kinh tế học. Các quốc gia không quan tâm đến lợi thế so sánh đều phải trả một cái giá rất đắt bằng mức sống và tăng trưởng kinh tế của chính mình."
Explanation:
How LinkedIn’s weekly invite limits are affecting marketers?
Answer:
B2B marketers and businesses who rely on LinkedIn for lead generation are greatly affected by these new limits. The growth of their business greatly depends on the outreach and 100 connection requests per week is just not enough.
However, when there’s a problem, there’s always a solution.
Here are some best ways to help you get beyond the new LinkedIn limits:
USE EMAILS TO SEND INVITESCREATE AN AMAZING CONTENT STRATEGYUSE INMAILSLinkedIn’s new weekly limit has some benefits but a number of drawbacks for B2B marketers and business owners.
What is Interpersonal skill in business
management ?
are the behaviors and tactics a person uses to interact with others effectively in the business world the team refers to an employees ability to work well with others Explanation:
Both UTech Inc. and Mirco Corp. incur a cost of $200 to manufacture a single unit of a cell phone. However, UTech Inc. charges a higher price than Mirco Corp. does, but it still sells a higher number of phones. What does this imply
Answer: UTech Inc. creates more economic value than Micro Corp. does.
Explanation:
Economic value refers to the measure of the benefit that an economic agent such as an individual, firm or government gets when a good or service is consumed.
In this case, since consumers derive more economic value from the good, even though it's costlier, they'll be willing to pay a higher price.
Therefore, UTech Inc. creates more economic value than Micro Corp. does.
During July at Loeb Corporation, $83,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $4,000. The journal entry to record the requisition from the storeroom would include a:
Answer:
Debit to work in process for $79,000
Explanation:
The journal entry is shown below:
Work in process Dr $79,000
To Direct material $79,000
(Being requistion from the storeroom is recorded)
Here work in process is debited as it increased the assets and credited the direct material as it decreased the assets
Working note
Total material requisitions. = $ 83,000
Less : Indirect material. =. ($ 4000)
Direct material $79,000
Gertie was sitting on her porch when she saw William, a person who lived down the street from her whom she occasionally spoke to, walking by, texting on his phone. William turned towards the street, not paying attention to his surroundings. Gertie saw he was about to walk into the path of an oncoming truck but did not warn him and watched as he was hit by the truck and flew through the air. William was badly injured and sued Gertie. What is the likely result
Answer:
William would win the court ruling becuase Gertie saw the truck and knew it was going to hit william
Explanation:
Gertie will not be punished by the court as it was not Gertie's fault for William's injury.
In the context, we see that William was busy texting on his phone when he was walking on the road and he got hit by the oncoming truck.
William should obey the traffic rules and should follow and take precaution while in the street.
His negligence on the street had caused this accident.
Gertie was not obliged to warn him and asked him to be attentive and cautious for any oncoming vehicle on the road.
So when William was badly injured he sued Gertie for his accident, the court gave the result in Gertie's favor and did not punish Gertie.
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Discuss a time you had to make a difficult decision and how your social background and personality impacted your choice(s).
The correct answer to this open question is the following.
There was a time when I had to make a difficult decision and my social background and personality impacted my choice.
I use to hang out with what I considered to be very good or close friends. We were part of the football team.
Everything was good. We used to be very close on the football field, in school, and in social life.
However, one day, something ugly happened when one of these guys had a problem with a group of students. Indeed, they were immigrants and they were what we call "geeks." They were shy boys and girls, from another country, did not like sports, and behave differently from what is common for an American student.
This guy treats those students very badly. He was rude, disrespectful, and aggressive. I knew those immigrant students and had a decent relationship with them, and honestly, I didn't like the way they were treated.
So that day I had to confirm "my friend" to stop his behavior. Of course, he did not like my position and fired back at me. My social background and personality made me defend what I considered was right. Every single person deserves respect, no matter the color of skin, race, or social class. That is what my family taught me and that is what I believe in.
The consequence was that those teammates started to be cold in their relationship with me. I understood. They had their beliefs.
On the other hand, I gain new friends that accept me the way I am, and by the way, they help me a lot by explaining what I do not understand in class.
So, my personality and conviction made me lose some "friends" but at the same time, I made new ones.
For each city across the U.S., economists construct a price index for a similar basket of goods. In Los Angeles the index is 127.3 and the index for Dallas is 94.8. If you have been offered $137,000 for a job in Los Angeles and $117,000 for a similar job in Dallas, which job affords you the highest purchasing power of the bundle of goods in the price index
Answer:
the job at Dallas
Explanation:
Price index measures the changes in price level over time. It is measure of inflation.
Inflation is a persistent rise in the general price levels
Types of price indexes
1. Producer price index measures the goods and services produced. this would not increase because it is used cars that is being examined
2. The consumer price index measures the changes in price of a basket of good. It is used to measure inflation. Because the price of price of used cars and trucks in US has increased , the CPI would increase
CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100
Real value of the income of the Dallas job = 127.3 x ($117,000)/94.8 = $157,111
this value is higher than the 137,000 offered by the hob at Los Angeles
MC Qu. 141 Comet Company accumulated... Comet Company accumulated the following account information for the year: Beginning raw materials inventory$6,700 Indirect materials cost 2,700 Indirect labor cost 5,700 Maintenance of factory equipment 3,500 Direct labor cost 7,700 Using the above information, total factory overhead costs would be:
Answer:
the total factory overhead cost is $11,900
Explanation:
The computation of the total factory overhead cost is shown below:
= Indirect materials cost + Indirect labor cost + Maintenance of factory equipment
= $2,700 + $5,700 + $3,500
= $11,900
Hence the total factory overhead cost is $11,900
The same should be considered and relevant
Brooks Company carries three inventory items. The following information pertains to the ending inventory: Unit Unit Item Quantity Cost Market Value A 120 $ 60 $ 55 F 170 80 75 K 110 30 40 Required a. Determine the ending inventory that Brooks will report on the balance sheet, assuming that it applies the lower-of-cost-or-market rule to individual inventory items.
Answer:
$22,650
Explanation:
The computation of the ending inventory is given below:
item quantity unit cost unit lower unit lower value
A 120 $60 $55 $55 $6600
B 170 80 75 75 12,750
C 110 30 40 30 3,300
Total $22,650
If the reserve ratio increased from 10 percent to 20 percent, the money multiplier would a. rise from 10 to 20. b. rise from 5 to 10. c. fall from 10 to 5. d. not change.
Answer:
c
Explanation:
Reserve ratio is the percentage of deposits that is required of commercial banks to keep as reserves. The lower the ratio, the higher the increase in money supply
Money multiplier = 1 / reserve requirement
Money multiplier when reserve ratio is 10% = 1/10 = 0.1 = 10%
Money multiplier when reserve ratio is 20% =1/20 = 0.05 = 5%
there is a decrease of money multiplier from 5% to 10% when reserve ratio is increased from 10 percent to 20 percent
Allo Foundation, a tax-exempt organization, invested $200,000 in cost-saving equipment. The equipment has a five-year useful life with no salvage value. Allo estimates that the annual cash savings from this project will amount to $65,000. On investments of this type, Allo's required rate of return is 12%.The net present value of the project is closest to
Answer:
$34,310.45
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.
When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable.
Cash flow in year 0 = $-200,000
Cash flow in year 1 - 5 = 65,000
I = 12%
NPV = $34,310.45
To find the NPV 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
a. Conchita Cosmetics acquired 10% of the 200,000 shares of common stock of Martinez Fashion at a total cost of $13 per share on March 18, 2020. On June 30, Martinez declared and paid $75,000 cash dividends to all stockholders. On December 31, Martinez reported net income of $122,000 for the year. At December 31, the market price of Martinez Fashion was $15 per share.
b. Monica, Inc. obtained significant influence overSeles Corporation by buying 30% of Seles's 30,000 outstanding shares of common stock at a total cost of $9 per share on January 1,2017. On June 15, Seles declared and paid cash dividends of $36,000 to all stockholders. On December 31, Seles reported a net income of $85,000 for the year.
Required:
Prepare all necessary journal entries in 2017 for both situations.
Answer:
A. 18-03
Dr Investment in AFS $260,000
Cr Cash $260,000
30-06
Dr Cash $7,500
Cr Dividend Revenue $7,500
31-12
Dr Securities Fair value Adjustment $40,000
Cr Unrealized Holding Gain $40,000
B. 01/01
Dr Investment in S Corp $81,000
Cr Cash $81,000
15/06
Dr Cash $10,800
Cr Investment in S Corp $10,800
31/12
Dr Investment in S Corp $25,500
Cr Revenue from Investment
Explanation:
Preparation of all necessary journal entries in 2017 for both situations.
A. Journal entries
18-03
Dr Investment in AFS $260,000
(200000*10%*13)
Cr Cash $260,000
(To Record investment made)
30-06
Dr Cash (75000*10%) $7,500
Cr Dividend Revenue $7,500
(To Record Dividend Earned)
31-12
Dr Securities Fair value Adjustment $40,000
Cr Unrealized Holding Gain $40,000
( 20000*2)
(To Record Investment at Fair Value(
B. Journal Entries
01/01
Dr Investment in S Corp $81,000
(30000*30%*9)
Cr Cash $81,000
(To Record investment made)
15/06
Dr Cash $10,800
(36000*30%)
Cr Investment in S Corp $10,800
(To Record Dividend Earned)
31/12
Dr Investment in S Corp $25,500
(85000*30%)
Cr Revenue from Investment $25,500
(To Record Income earned)
g If closing costs of $1,200 are associated with the refinance of a mortgage that would reduce the monthly payment from $1,020 to $949 refinance, it would take approximately ____ months to cover these costs. (Round your answer to the nearest full month.)
Answer: 17 months
Explanation:
The number of months it would take to cover these costs is found by:
= Total closing costs/ Saving per month
Savings per month:
= Old monthly payment - New monthly payment
= 1,020 - 949
= $71
Number of months it would take = 1,200 / 71
= 16.90
= 17 months
Fred is working on a new storage system for his organization. He needs it to provide storage for the entire private cloud in the data center. Which of the following is he most likely to deploy?
a. SAN
b. NAS
c. NSA
d. DAS
Answer:
a. SAN
Explanation:
Cloud computing can be defined as a type of computing that requires shared computing resources such as cloud storage (data storage), servers, computer power, and software over the internet rather than local servers and hard drives.
Generally, cloud computing offers individuals and businesses a fast, effective and efficient way of providing services.
iSCSI is simply an acronym for Internet Small Computer Systems Interface and it is typically an internet protocol (IP) with respect to a storage area network (SAN) standard used essentially for connecting data storage facilities over a transmission control protocol and internet protocol (TCP/IP).
A storage area network (SAN) can be defined as a high-speed computer network that is specially designed to avail end users the ability to access consolidated, block-level data storage. Thus, storage area network (SAN) typically connects network servers to data storage.
Hence, Fred is most likely to deploy a storage area network (SAN) in this scenario, to provide storage for the entire private cloud in the data center.
Shane wants to invest money in a 6% CD account that compounds semiannually. Shane would like the account to have a balance of $120,000 3-years from now. How much must Shane deposit to accomplish his goal
Answer:
84165.59
Explanation:
[tex]12000=x(1+\frac{.06}{2})^{2*6}\\.\frac{120000}{(1.03)^{12}}=84165.58562[/tex]
which we will round to 84165.59
Adams Company recorded the following journal entry on March 2, 2018. Cash Unearned Revenue From the journal entry above, identify the transaction on March 2, 2018. A. Adams paid for services to be received at a later date. B. Adams received for services to be performed in a later period. C. Adams sold goods for cash. D. Adams purchased goods worth and signed a oneyear note for the same amount.
Answer: B. Adams received for services to be performed in a later period.
Explanation:
Unearned revenue represents cash paid by a customer for services that have not yet been done or goods that have not yet been delivered.
It is credited because it represents a liability as the company owes the customer the services or goods they paid for.
Adams here received cash for services that have not yet been performed which is why it was sent to the unearned revenue account and debited to cash to show that cash was received.
During the current year, the following manufacturing activity took place for a company's products. The beginning work in process, 70% complete, was comprised of 10,000 units. Units started into production during the year totaled 150,000 units. A total of 140,000 units were completed during the year. The ending work in process, 25% complete, was comprised of 20,000 units. What was the number of equivalent units using the FIFO method?
a. 138,000.
b. 140,000.
c. 145,000.
d. 150,000.
Answer:
a. 138,000
Explanation:
Equivalent Units of Production (FIFO method)
Whole % Completion Equ. units
Units Dir. Mat.
Beg. Work in process (100% - 70%) 10,000 30% 3,000
Started & completed (140,000-10,000) 130,000 100% 130,000
Ending Work in process 20,000 25% 5,000
Total Equivalent units 138,000
