Consider a $6500 piece of machinery, with a 5-year depreciable life and an estimated $1200 salvage value. The projected utilization of the machinery when it was purchased, and its actual production to date, are as follows:
Year Projected Production (Tons) Actual Production (Tons)
1 3500 3000
2 4000 5000
3 4500 [Not]
4 5000 Yet
5 5500 [Known]
Compute the depreciation using :
a. straight line
b. sum of years digits
c. double declining balance
d. Unit of production (for the first 2 years only)
e. Modified accelerated cost recovery system
Answers
Answer:
Hence the answer is given as follows,
Explanation:
Related Questions
Bob the accountant needs to record indirect labor utilized of $6,000 in a journal entry. Bob should:_____.
a. debit Manufacturing Overhead, $6,000; credit Wages Payable, $6.000.
b. debit Accounts Payable, $6,000; credit Manufacturing Overhead, $6,000.
c. debit Manufacturing Overhead, $6,000; credit Accounts Payable, $6,000.
d. debit Wages Payable, $6,000; credit Manufacturing Overhead, $6,000.
Answers
Answer:
c. debit Manufacturing Overhead, $6,000; credit Accounts Payable, $6,000
Explanation:
The journal to record indirect labor utilized of $6,000 will include a Debit to an Expense Account - Manufacturing Overhead and a Credit to Liability Account - Accounts Payable at the value of $6,000.
Human capital refers to: a. the value that the firm's workforce contributes to each product produced or service rendered. b. the net present value of the future competencies of the workforce. c. the amount of money purchasers of the firm would pay for the continuing employment of the present workforce. d. knowledge and skills of a firm's entire workforce.
Answers
Answer:
D
Explanation:
Human capital is an example of an intangible asset. It is the economic value attached to labours' skills and expertise.
Types of Human Capital include :
(1) Knowledge Capital
(2) Social Capital
(3) Emotional Capital.
Qualities of human capital includes
• Education.
• on-the-job training.
• Hard work
• experience
• Mental and emotional well-being.
• People management.
• Communication skills.
Politicalization of Accounting Standards
Some accountants have said that politicization in the development and acceptance of generally accepted accounting principles (i.e., rule-making) is taking place. Think about the term more broadly to mean the compromise that results when the bodies responsible for developing generally accepted accounting principles (FASB) are pressured by interest groups (SEC, American Accounting Association, businesses through their various organizations, Institute of Management Accountants, financial analysts, bankers, lawyers, and so on).
Required:
a. The Committee on Accounting Procedure of the AICPA was established in the mid to late 1930s and functioned until 1959, at which time the Accounting Principles Board came into existence. In 1973, the Financial Accounting Standards Board was formed, and the APB went out of existence. Do the reasons these groups were formed, their methods of operation while in existence, and the reasons for the demise of the first two indicate an increasing politicalization (as the term is used in the broad sense) of accounting standard setting? Explain.
b. What arguments can be raised to support the politicalization of accounting standard setting?
c. What arguments can be raised against the politicalization of accounting standard setting?
Answers
Answer: Some accountants have said that politicization in the development and acceptance of generally accepted accounting principles (i.e., rule-making) is taking place. Some use the term “politicization” in a narrow sense to mean the influence by governmental agencies, particularly the Securities and Exchange Commission, on the development of generally accepted accounting principles. Others use it more broadly to mean the compromise that results when the bodies responsible for developing generally accepted accounting principles are pressured by interest groups (SEC, American Accounting Association, businesses through their various organizations, Institute of Management Accountants, financial analysts, bankers, lawyers, and so on).
Instructions
(a) The Committee on Accounting Procedure of the AICPA was established in the mid- to late 1930s
and functioned until 1959, at which time the Accounting Principles Board came into existence. In
1973, the Financial Accounting Standards Board was formed and the APB went out of existence.
Do the reasons these groups were formed, their methods of operation while in existence, and the
reasons for the demise of the first two indicate an increasing politicization (as the term is used in
the broad sense) of accounting standard-setting? Explain your answer by indicating how the CAP,
the APB, and the FASB operated or operate. Cite specific developments that tend to support your
answer.
(b) What arguments can be raised to support the “politicization” of accounting rule-making?
(c) What arguments can be raised against the “politicization” of accounting rule-making?
Solution
a) CAP. The Committee on Accounting Procedure, CAP, which was in existence from 1939 to 1959, was a natural outgrowth of AICPA committees which were in existence during the period 1933 to 1938. The committee was formed in direct response to the criticism received by the accounting profession during the financial crisis of 1929 and the years thereafter. The authorization to issue pronouncements on matters of accounting principles and procedures was based on the belief that the AICPA had the responsibility to establish practices that would become generally accepted by the profession and by corporate management.
Explanation:
As a manager, Alejandro views his organization primarily as people and believes strongly in treating team members well to help them succeed. Which of the following orientations best describes Alejandro's leader orientation?
a. Symbolic orientation.
b. Human Resource orientation.
c. Structural orientation
d. Political orientation.
Answers
Answer:
b. Human Resource orientation.
Explanation:
It is correct to state that the orientation that most describes Alejandro's leader orientation is human resources, as the issue provides us with the information that Alejandro has an organizational vision based mainly on people and on the good direction of employees to help them succeed.
The orientation of human resources is related to the company's philosophy that will guide the behavior of employees and the organizational culture in accordance with the organizational mission and values. When a leader has this type of orientation focused on people, he encourages this behavior and so there is the dissemination of practices that value interpersonal relationships and collaboration, which can bring several benefits to an organization, such as increasing the value of work, greater innovation and productivity.
At Bargain Electronics, it costs $29 per unit ($16 variable and $13 fixed) to make an MP3 player that normally sells for $50. A foreign wholesaler offers to buy 3,480 units at $27 each. Bargain Electronics will incur special shipping costs of $1 per unit. Assuming that Bargain Electronics has excess operating capacity.
Required:
Indicate the net income (loss) Bargain Electronics would realize by accepting the special order.
Answers
Answer:
$34,800.
Explanation:
Reject Accept
Revenues $0 (3480*27) = $93,960 $93,960
Costs $0 (3480*16) = -$55,680 -$55,680
Shipping $0 (3480*1) = -3480 -$3,480
Net income $0 34,800 $34,800
So, the net income that Bargain Electronics would realize by accepting the special order is $34,800.
Dog Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During March, the kennel budgeted for 3,100 tenant-days, but its actual level of activity was 3,120 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March: Data used in budgeting: Fixed element per month Variable element per tenant-day Revenue - $ 34.00 Wages and salaries $ 2,000 $ 7.00 Food and supplies 1,000 13.50 Facility expenses 7,500 2.50 Administrative expenses 6,000 0.10 Total expenses $ 16,500 $ 23.10 Actual results for March: Revenue $ 104,372 Wages and salaries $ 28,500 Food and supplies $ 44,025 Facility expenses $ 14,900 Administrative expenses $ 7,090 The revenue variance for March would be closest to: Multiple Choice $1,708 F $1,708 U $1,028 U $1,028 F
Answers
Answer:
Dog Kennel
The revenue variance for March would be closest to:
= $1,028 U
Explanation:
a) Data and Calculations:
Budgeted kennel tenant-days = 3,100
Actual kennel tenant-days = 3,120
Fixed element Variable element Total
per month per tenant-day
Revenue - $ 34.00 $105,400
Wages and salaries $ 2,000 $ 7.00 $23,700
Food and supplies 1,000 13.50 42,850
Facility expenses 7,500 2.50 15,250
Administrative expenses 6,000 0.10 6,310
Total expenses $ 16,500 $ 23.10 $88,110
Actual results for March:
Revenue $ 104,372
Wages and salaries $ 28,500
Food and supplies $ 44,025
Facility expenses $ 14,900
Administrative expenses $ 7,090
Total expenses $94,515
Revenue variance for March would be closest to: $1,028 U ($105,400 - $104,372)
Charles Chadwick opened a business called Charlie's Detective Service in January 2019. At the end of January the accounts had the following balances:
Prepare a trial balance for Charlie's Detective Service as of January 31, 2019.
Accounts Payable $4,000
Accounts Receivable $3,000
Cash $24,400
Charles Chadwick, Capital $30,000
Charles Chadwick, Drawing $3,000
Computer Equipment $8,000
Office Furniture $5,000
Office Supplies $300
Professional Fees $12,000
Rent Expense $1,500
Utilities Expense $800
Answers
Answer:
Please find the complete solution in the attached file.
Explanation:
Big Corporation receives management consulting services from its 95 percent owned subsidiary, Small Inc. For the year 20X8, Small billed Big $140,000. Small's labor cost and other associated costs for the employees providing services to Big totaled $121,000 in 20X8. Big reported $2,567,000 of income from its own separate operations for 20X8, and Small reported net income of $695,000.
Based on the preceding information, what amount of consolidated net income should be reported in 20X8?
a. $3,262,000
b. $4,050,000
c. $3,254,100
d. $3,122,000
Answers
Answer: a. $3,262,000
Explanation:
Consolidated income is simply the income that both companies got from their separate operations for the year because Small Inc is a subsidiary of Big Corporation so both incomes have to be added to find the total company income:
= 2,567,000 + 695,000
= $3,262,000
Julio is in the 32% tax bracket. He acquired 9,000 shares of stock in Gray Corporation seven years ago at a cost of $20 per share. In the current year, Julio received a payment of $135,000 from Gray Corporation in exchange for 4,500 of his shares in Gray. Gray has E & P of $1,000,000. What income tax liabil-ity would Julio incur on the $150,000 payment in each of the following situations? Assume that Julio has no capital losses.
a. The stock redemption qualifies for sale or exchange treatment.
b. The stock redemption does not qualify for sale or exchange treatment.
c. How would your answer to parts (a) and (b) of Problem 49 differ if Julio were a corporate shareholder rather than an individual shareholder and the stock ownership in Gray Corporation represented a 25% interest?
Answers
Answer:
example below
Explanation:
Consider the following statements, and indicate which variable is an independent variable and which variable is a dependent variable; moreover, determine whether there is a positive or a negative relationship between two variables.
a. More educated employees typically have higher income than less educated employees.
Education is the (Click to select)dependentindependent variable.
Income is the (Click to select)dependentindependent variable.
The relationship between education and income is (Click to select)negativepositive.
b. Consumers with higher incomes are more likely to purchase new iPhones.
Sales of the new iPhone is the (Click to select)independentdependent variable.
Consumer income is the (Click to select)dependentindependent variable.
The relationship between consumer income and sales of the iPhone is (Click to select)negativepositive.
c. As research shows, anti-smoking campaigns reduce the number of smokers in the country.
Number of anti-smoking campaigns is the (Click to select)dependentindependent variable.
Number of smokers is the (Click to select)independentdependent variable.
The relationship between anti-smoking campaigns and the number of smokers is (Click to select)positivenegative.
Answers
Answer:
a. Education is independent variable
Income is dependent variable
The relationship between education and income is positive
b. Sales of new iphone is dependent variable
Consumer Income is independent variable
The relationship between consumer income and sales of iphone is positive
c. Anti smoking campaign is independent variable
Number of smokers is dependent variable
The relationship between anti smoking campaign and number of smokers is negative.
Explanation:
Education is an independent variable as people are free to pursue higher education. Income is dependent variable. Those employees who have higher education will earn more than those with less education. The consumer income is independent variable in this case while sales of iphone is dependent variable. The sales of iphone will increase if consumer income increases.
Based on the information given, it can be seen that education is an independent variable while income is a dependent variable.
Also, the relationship between education and income is positive. The sale of new iphone is a dependent variable while consumer income is an independent variable. The relationship between consumer income and sales of iphone is positive
Lastly, the anti-smoking campaign is an independent variable while the number of smokers is a dependent variable. Also, the relationship between the anti-smoking campaign and the number of smokers is negative.
Learn more about dependent variables on:
https://brainly.com/question/383055
why is eskom a monopoly?
Answers
Answer:
I don't know We will know that soon
Answer:
Eskom is South Africa's monopoly power supplier. As the result of the lack of productive and allocational inefficiency, Eskom is considered an undesirable monopoly market structure.
Explanation:
Productive efficiency takes place at a point in which the marginal cost is equal to the average cost and where the allotment efficiency is equal to the marginal cost.
The monopoly of Eskom also generates extravagant costs that reduce the output by higher prices.
A company using IFRS to prepare its financial statements will use a hierarchy to determine what recognition, valuation, and disclosure requirements should be used.
1. IFRS, IAS, IFRS Interpretations
2. Pronouncements of other standard-setting bodies
3. The Conceptual Framework for Financial Reporting
Which of the following depicts the correct order of the hierarchy?
a. 2,3,1
b. 3,2,1
c. 1.2.3
d. 1,3,2
Answers
Answer:
The hierarchy for determining recognition, valuation, and disclosure requirements for IFRS is:
d. 1,3,2
Explanation:
1. IFRS, IAS, IFRS Interpretations are the main standards issued by the IASB, the international accounting standard-setting body. It is like the FASB that sets the US GAAP.
2. Pronouncements of other standard-setting bodies can be applied where IFRS are not definitive.
3. The Conceptual Framework for Financial Reporting help the IASB to develop and revise IFRS that are based on consistent concepts.
Beth owns a corporate office park in Ohio. Her ownership rights include the right to sell or give away the property without restriction, as well as the right to commit waste, if she chooses. Beth's ownership interest is:
Answers
Answer:
Fee Simple Absolute
Explanation:
The 6 types of modern freehold estates, distinguished by duration includes;
1. Fee simple absolute
2. Life estate
3. Fee tail
4. Fee simple determinable
5. Fee simple subject to a condition subsequent
6. Fee simple subject to an executory limitation
And also
The types of Fee Simple includes
A) Fee Simple Absolute
B) Defeasible Fees
Fee Simple Absolute
This is regarded as an absolute ownership. It is a never ending period of time with no hindrance or limitations on its inheritability. it also cannot be ended or shuffled on the happening of any event. It is also regarded as the right to possess now, even until the end of time.
Its characteristics includes:
1. The holder has all the rights or entitlement.
2. The duration is never ending that is, the interest is absolute because the interest will not end on the occurrence of an event or condition
3. There is no future interest that follows it
3. The owner has the right of possession, alienation, and exclusion
And others.
Logan owns a horse ranch. Logan dislikes horses, but he opened the ranch because he heard it was a lucrative business and he wanted to make money. Logan’s horse ranch has lost money every year for the past 5 years (including this year), but Logan has made some changes to business operations, including hiring a consultant and increasing his prices. Logan anticipates that as a result of these changes, his horse ranch will generate a profit in the next year or two. This year, Logan hired his brother, Luke, to work at the horse ranch. Logan pays Luke $500/hr to clean the horse stalls. Logan also hired his best friend, Lucy, to do Logan’s grocery shopping and other personal errands. He pays Lucy $15/hr. Which of the following is most accurate?
a. Logan cannot deduct any of the costs associated with the horse ranch because the horse ranch would be classified as a hobby, not a business
b. Logan can deduct the full salary paid to Luke because Luke works in Logan’s horse ranch business
c. Logan can deduct the full salary paid to Lucy because the amount of the expense is reasonable
d. Logan can deduct the full salary paid to Lucy because grocery shopping is ordinary and necessary
e. None of the above are correct
Answers
Answer:
Logan Horse Ranch
The most accurate is:
e. None of the above are correct
Explanation:
Logan's payment to his brother, Luke, of $500 per hour, is not a reasonable business expense that can be deductible. Surely, $500 per hour is not a going rate for cleaning the horse stalls per hour. With Lucy doing grocery shopping for Logan, it does not resonate like an ordinary and necessary expense for the business. Therefore, options A to D are not correct. This leaves only option E as the most accurate.
The Federal Reserve System is __________. ANSWER Unselected the central bank of the United States Unselected also known as the U.S. Treasury Unselected the institution that also regulates stock markets Unselected I DON'T KNOW YET
Answers
Answer: central bank of the United States
Explanation:
The Federal Reserve System is regarded as the central bank of the United States. The function of the Federal Reserve System is to regulate and supervise banks and every other financial institutions in the United States in order to ensure that the banking system is in good shape.
The Federal Reserve System isn't the institution that regulates the stock markets. That's the function of the United States Securities and Exchange Commission.
Hayden Company is considering the acquisition of a machine that costs $406,000. The machine is expected to have a useful life of six years, a negligible residual value, an annual net cash flow of $96,000, and annual operating income of $81,600. What is the estimated cash payback period for the machine (round to one decimal points)? a.6.2 years b.5.0 years c.4.2 years d.1.2 years
Answers
Answer:
c.4.2 years
Explanation:
The computation of the estimated cash payback period is given below:
As we know that
the estimated cash payback period is
= initial investment ÷ net cash flow per period
= $406,000 ÷ $96,000
= 4.2 years
Hence, the estimated cash payback period is 4.2 year
Therefore the option c is correct
Segway focuses on the personal people-mover market of individuals who need to move longer distances with ease. Its stand-up scooter is used in two narrow markets: tourist tours and warehouse employee movement. What type of marketing strategy should this company use
Answers
Answer:
The correct answer is "Differentiated marketing".
Explanation:
A marketing approach involving the promotion of a manufacturer portfolio which transfers from one sector of the economy would be known as Differentiated marketing.That alone contributes to better awareness, to a greater audience, towards consumer requirements including more revenues.Thus the above is the correct answer.
Zhang Industries sells a product for $700. Unit sales for May were 400 and each month's sales are expected to exceed the prior month's results by 3%. Zhang pays a sales manager a monthly salary of $3,000 and a commission of 2% of sales. Compute the projected selling expense to be reported on the selling expense budget for the manager for month ended June 30.
a) $8,600.
b) $11,652.
c) $8,652.
d) $5,768.
e) $8,768.
Answers
Answer:
Total selling expense= $8,768
Explanation:
Giving the following information:
Selling price= $700
Sales for June in units= 400*1.03= 412
Fixed selling expense= $3,000
Sales commission= 2%
We need to calculate the total commission sales:
Total sales revenue= 700*412= $288,400
Total commission= 0.02*288,400
Total commission= 5,768
Now, the total selling expense:
Total selling expense= 5,768 + 3,000
Total selling expense= $8,768
Following is selected financial information from General Mills Inc. for its fiscal year ended May 27, 2018 ($ millions). Cost of goods sold (COGS) $14,438.1 Cash from operating activities $3,977.4 Cash from investing activities (12,159.6) Noncash assets, end of year 42,315.0 Cash, end of year 558.6 Cash from financing activities* 7,668.2 Income tax expense 80.2 Total assets, beginning of year 30,537.6 Revenue 22,036.6 Total liabilities, end of year** 33,784.2 Total expenses, other than COGS 4,490.1 Stockholders' equity, end of year 9,089.4 and income tax * Cash from financing activities includes the effects of foreign exchange rate fluctuations. ** Total liabilities includes redeemable interest. a. Prepare the income statement for the year ended May 27, 2018. Note: Do not use negative signs with any of your answers. General Mills Income Statement ($ millions) For the year ended May 27, 2018 Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer b. Prepare the balance sheet as of May 27, 2018. General Mills Balance Sheet ($ millions) May 27, 2018 Answer Answer Answer Answer Answer Answer Answer
Answers
Answer:
General Mills, Inc.
Income Statement for the year ended May 27, 2018
Revenue $22,036.6
Cost of goods sold (COGS) 14,438.1
Gross profit $7,598.5
Total expenses, other than COGS 4,490.1
Income before tax $3,108.4
Income tax expense 80.2
Net income $3,028.2
Explanation:
a) Relevant Data:
Revenue $22,036.6
Cost of goods sold (COGS) $14,438.1
Total expenses, other than COGS $4,490.1
Income tax expense $80.2
Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $15 per share 10 years from today and will increase the dividend by 5 percent per year thereafter.
If the required return on this stock is 15 percent, what is the current share price?
Answers
Answer:
$51.25
Explanation:
P9 = Next dividend / Required rate r - Growth rate g
P9 = $15 / 14% - 5%
P9 = $15 / 9%
P9 = $166.67
Po = P9 / (1 - Required rate of return)^9
Po = $166.67 / (1 + 0.14)^9
Po = $166.67 / 3.2519
Po = $51.25
So, the current stock price is $51.25.
Case :
"Dear Mr. President—Please Cancel our Project!": The Honolulu Elevated Rail Project
This case is a great current example of a very expensive project that was kicked off because of an assumed need—to relieve congestion in downtown Honolulu through an elevated urban rail system. Critics argue that in addition to having a ballooning cost, the actual planning was poorly conceived, leaving Honolulu with an intrusive and ugly rail system through the downtown area, ruining panoramic views, and impeding traffic. Additionally, advocates underestimated the power needs for the rail system, requiring the transport authority to renegotiate electricity fees for the system. Finally, the original costs that were assumed for the project were calculated during an economic downturn and with the economy booming again, the costs of the project have gone up dramatically. All of these elements points to a state Governor who is anxious to be rid of the project and hoping that President Trump will deny additional federal funding, in which case the project will likely be cancelled.
Required:
a. Why are public works projects like the Honolulu Rail project nearly impossible to stop once they have been approved, even if later cost estimates skyrocket?
b. Project Management researchers have charged that many large infrastructure projects, like this one, suffer from "delusion" and "deception" on the parts of their advocates. Explain how "delusion" might be a cause of ballooning budgets in this project. How does "deception" affect the final project budget overruns?
Answers
Answer:
a.The project has been approved and it has been proved necessary.
b. They often choose the cheapest budget and do not forecast any problems in to make the project more viable.
Explanation:
a.There's an extensive process to approve a project like this, since it has so many filters before being approved, canceling it would be saying these filters failed. These filters exist to prove that these projects are necessary and if they're necessary they need to be done, no matter the cost.
b. THe people in charge of setting these projects going often choose the cheapest options to make the projects viable, when doing so the cost will eventually rise and, when the government has already approved it they will continue to spend money on the project.
On July 1, 20X1, Georgia Inc., which uses UOP depreciation, purchases a machine for $16,000; the company estimates that the machine will have a useful life of 15,000 machine hours and a salvage value of $1,000. You are given the following usage data: 20X1 3,000 hours 20X2 2,200 hours 20X3 6,170 hours 20X4 5,300 hours Depreciation expense on the machine for 20X1 is:
a. $1,600
b. $3,000
c. $1,500
d. $3,200
e. $16,000
Answers
Answer:
Annual depreciation= $3,000
Explanation:
Giving the following information:
Purchase price= $16,000
Useful life= 15,000 machine hours
Salvage value= $1,000
Machine hours 20X1= 3,000
To calculate the depreciation expense for 20X1, we need to use the following formula:
Annual depreciation= [(original cost - salvage value)/useful life of production in hours]*hours operated
Annual depreciation= [(16,000 - 1,000) / 15,000]* 3,000
Annual depreciation= $3,000
illings and collections between an Enterprise Fund and the General Fund A city uses an Enterprise Fund to provide electricity to its citizens and to its General Fund. A total of $50,000 was billed to the General Fund and collected 30 days later. Prepare the journal entries necessary to record these transactions, and label the fund(s) used. Note: Under the Fund column, select the appropriate fund in which the transaction is recorded (GF: General Fund or ISF: Internal Service Fund).
Answers
Answer:
Enterprise Fund due from General Fund (Dr.) $50,000
Revenue from service (Cr.) $50,000
Explanation:
The enterprise fund is used to provide electricity to the citizens. The revenue will be recorded as service charges for providing the electricity. Enterprise fund will be due from General fund which is billed for $50,000.
At a specific point on the demand curve for backpacks, the elasticity of demand is calculated to be -1.6.
a. At that point, we would describe demand as ________.
b. If the price of backpacks fell by 10%, the quantity demanded would rise by ________and revenue for the backpack industry would ______ .
c. If the price of backpacks rose by 20% the quantity demanded would fall by _______ and revenue for the backpack industry would ________.
Answers
Answer:
elastic
16%
32%
decrease
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.
The Timberlake Company has the following information for August:
Cost of direct materials used in production $25000
Direct labor 35000
Factory overhead 20000
WIP, August 1 30000
WIP, August 31 25000
Requried:
a. Cost of goods manufactured
b. Cost of goods sold
Answers
Answer:
See below
Explanation:
1. Cost of goods manufactured
= Cost of direct materials uses in production + Direct labor + Factory overhead
= $25,000 + $35,000 + $20,000
= $80,000
2. Cost of goods sold
= Opening stock + Purchases - Closing stock
Or
Gross income = Gross revenue - Cost of goods sold
Hence we are not able to calculate cost of goods sold with the given information.
Lee Ann, Inc., has declared a $5.70 per-share dividend. Suppose capital gains are not taxed, but dividends are taxed at 20 percent. New IRS regulations require that taxes be withheld when the dividend is paid. The company's stock sells for $94.15 per share and is about to go ex-dividend.
Required:
What do you think the ex-dividend price will be?
Answers
Answer:
$89.59
Explanation:
After tax dividend = Dividend * (1-Tax)
After tax dividend = $5.70 * (1-20%)
After tax dividend = $5.70 * 0.8
After tax dividend = $4.56
Ex-Dividend price = Share price - After tax dividend
Ex-Dividend price = $94.15 - $4.56
Ex-Dividend price = $89.59
Có tài liệu về tài sản cố định (TSCĐ) trong tháng 5/2021 của công ty B như sau:
Ngày 1/5 6/5 12/5 15/5 20/5 31/5
Số lượng TSCĐ (cái) 600 750 800 550 700 860
Tính số lượng TSCĐ bình quân của doanh nghiệp B trong tháng 5? Trong nửa đầu tháng 5 (từ ngày 1 đến ngày 15), trong nửa cuối tháng 5 (từ ngày 16 đến ngày 31), trong 15 ngày cuối tháng 5 (từ ngày 17 đến ngày 31)? Cho nhận xét sơ bộ về thực trạng sử dụng TSCĐ của công ty, từ đó đề xuất một số biện pháp sử dụng hiệu quả TSCĐ cho công ty?
Answers
Answer
Explanation:
Có tài liệu về tài sản cố định (TSCĐ) trong tháng 5/2021 của công ty B như sau:
Ngày 1/5 6/5 12/5 15/5 20/5 31/5
Số lượng TSCĐ (cái) 600 750 800 550 700 860
Tính số lượng TSCĐ bình quân của doanh nghiệp B trong tháng 5? Trong nửa đầu tháng 5 (từ ngày 1 đến ngày 15), trong nửa cuối tháng 5 (từ ngày 16 đến ngày 31), trong 15 ngày cuối tháng 5 (từ ngày 17 đến ngày 31)? Cho nhận xét sơ bộ về thực trạng sử dụng TSCĐ của công ty, từ đó đề xuất một số biện pháp sử dụng hiệu quả TSCĐ cho công ty?
8. It is 1985 and suppose the 90 day forward quotes on the DM and the French franc are $.4002 10 and $.1180 90, respectively
Answers
Answer:
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What is a joint production process? Describe a special decision that commonly arises in the context of a joint production process. Briefly describe the proper approach for making this type of decision. Draw an example with detailed cost numbers.
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Answer:
Quy trình sản xuất nói chung là quá trình con người tác động vào tài nguyên thiên nhiên để biến chúng thành các sản phẩm có ích cho xã hội.
Explanation:
A. treats financial indicators as the sole measurement of performance B. evaluates performance based on organizational participation in improving processes C. does not consider operational performance measures D. incorporates both financial and operational performance measures
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Answer:
Option D: Incorporates both financial and operational performance measures
Explanation:
Balance Scorecard Concept
This was said to be published in 1992 by Kaplan and Norton. Thereafter, a book version was made in 1996.
It is also said to be a form of Traditional performance measurement that depends on external accounting data as out of date(old/out of use).
This approach aim to obtain 'balance' to the financial perspective.
Balanced Scorecard
This is simply regarded as a form of strategic planning and management system that is being used to merge or align business activities to the vision and strategy of the organization through the act of monitoring performance against strategic goals.
Importance of Balanced Scorecard
1. Improve organizational performance by measuring what matters
2. Increase focus on strategy and results
3. Align organization strategy with workers on a day-to-day basis.
3. Focus mainly on the drivers key to future performance
