Answer:
Cost Reconciliation Report under FIFO Method:
The costs to be accounted for equals the cost of beginning work in process inventory plus the cost of units transferred out.
b. False
Explanation:
Instead, the costs to be accounted for under the FIFO method in the cost reconciliation report are equal to the cost of the beginning work in process inventory plus the cost of units started and completed during the period. It is under the weighted-average method that the costs to be accounted for in the cost reconciliation report equal the cost of beginning work in process inventory plus the cost of units transferred out.
The government of Velovia made progress in its efforts to bring rapid inflation under control. Although prices are still rising, the rate of increase has slowed considerably. This suggests that Velovia is experiencing disinflation.
a. True
b. False
Answer:
a. True
Explanation:
At the time when the velvovia government made the efforts in its progress in order to control the increased inflation but at the same time the price is also still increasing but the increase rate would be falled down so here it is recommended that the velovia experienced the disinflation where the inflation is considerably slowing and the rate of inflation is also slow down
Therefore the given statement is true
On January 1, 2019, Loeffler Company acquired a machine at a cost of $200,000. Loeffler estimates that it will use the machine for 4 years or 8,000 machine hours. It estimates that after 4 years the machine can be sold for $20,000. Loeffler uses the machine for 2,100 and 1,800 machine hours in 2019 and 2020, respectively.
Required:
Compute depreciation expense for 2019 and 2020 using the () straight-line, (2) double- declining-balance, and (3) units-of-production methods of depreciation
Answer:
1. $45,000
$45,000
2. $100,000
$50,000
3. $47250
$40,500
Explanation:
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
($200,000 - $20,000) / 4 = $45,000
Depreciation expense each year would be $45,000
Depreciation expense using the double declining method = Depreciation factor x cost of the asset
Depreciation factor = 2 x (1/useful life) = 2/4 = 1/2
Depreciation expense in 2019 = 1/2 x 200,000 = $100,000
Book value in 2020 = 200,0000 - 100,000 = 100,000
Depreciation expense in 2019 = 1/2 x 100,000 = 50,000
Activity method based on hours worked = (hours worked that year / total hours of the machine) x (Cost of asset - Salvage value)
2019 = ($200,000 - $20,000) x ( 2,100 / 8000) = 47250
2020 = ($200,000 - $20,000) x ( 1800 / 8000) = 40,500
According to real business cycle theorists, ______________ consumption resulting from the major production innovations incentivizes businesses to borrow ______________ from banks, causing the money supply to ______________.
Answer:
increase in, more, increase
Explanation:
Real business cycle theory states that the [tex]\text{macroeconomic fluctuations}[/tex] in any economy can be explained by the technological shocks and the changes in the productivity. All these changes in the technological growth affects the decisions of the firms on investment as well as workers or the labor supply.
Edward C. Prescott and Finn E. Kydland first gave the concept of real business cycle theory.
In the theory of real business cycle, the increase in consumption results from the major [tex]\text{production innovations incentivizes businesses}[/tex] to borrow more from the banks, and it causes the supply of money to increase.
Jefferson tutoring had the following payroll information on Feb 28:
Gross pay: 4,000
Cumulative earnings prior to this payroll: 4,000
Assume:
FICA tax rates are OASDI 6.2% on a limit of 117,000 and medicare 1.45%.
State unemployment tax rate is 2% on the first 7,000.
Federal unemployment tax rate is 0.8% on the first 7,000
Using the information above the journal entry to record the payroll tax expense for jefferson tutoring would include:____.
A. a credit to FUTA payable for 24.
B. a debit to payroll tax expense in the amount of 390.
C. a credit to SUTA payable for 60.
D. all of the above.
Answer: D. all of the above.
Explanation:
FUTA:
Cumulative earnings were $4,000. FUTA is one the first $7,000 which means that only $3,000 is left to be taxed on account of the cumulative earnings prior to this payroll having been taxed:
= 0.8% * 3,000
= $24
This will be credited to FUTA Payable to recognize that Jefferson owes this liability.
SUTA:
Same goes for SUTA:
= 2% * 3,000
= $60
This will be credited to SUTA Payable to recognize that Jefferson owes this liability.
Payroll tax expense:
= FICA taxes + Medicare + FUTA + SUTA
= ((6.2% + 1.45%) * 4,000) + 24 + 60
= $390
This will be debited to Payroll Tax expense because expenses are debited when they increase.
Statement of Cash Flows—Indirect Method
The following balances are available for Chrisman Company:
December 31
2017 2016
Cash $9,700 $12,100
Accounts receivable 24,300 18,200
Inventory 19,300 32,200
Prepaid rent 10,900 7,300
Land 90,900 90,900
Plant and equipment 485,000 363,800
Accumulated depreciation (78,800) (36,400)
Totals $561,300 $488,100
Accounts payable $14,600 $12,100
Income taxes payable 3,600 6,100
Short-term notes payable 42,400 30,300
Bonds payable 91,000 121,000
Common stock 242,500 181,900
Retained earnings 167,200 136,700
Totals $561,300 $488,100
Bonds were retired during 2017 at face value, plant and equipment were acquired for cash, and common stock was issued for cash. Depreciation expense for the year was $42,400. Net income was reported at $30,500.
Required:
Prepare a statement of cash flows for 2017 using the indirect method in the Operating Activities section. Use the minus sign to indicate cash payments, cash outflows, or decreases in cash.
Answer and Explanation:
The preparation of the cash flow statement using the indirect method is as follows;
Cash flows from operating activities
Net Income $30,500.00
Add: Depreciation $42,400.00
Less: Decrease in income taxes payable ($2,500.00)
Less: Increase in AR ($6,100.00)
Add: Decrease in inventory $12,900.00
Less: Increase in prepaid rent ($3,600.00)
Add: Increase in AP $2,500.00
Add: Increase in short term notes payable $12,100.00
Net Cash flow from operating activities $88,200.00
Cash flow from Investing activities
Purchase of PPE ($121,200.00)
Net Cash flow from Investing activities ($121,200.00)
Cash flow from Financing activities
Redemption of Bonds ($30,000.00)
Issue of Stock $60,600.00
Net Cash flow from Financing activities $30,600.00
Increase or decrease in cash -$2,400
Add: Opening cash and cash equivalents $12,100.00
Closing cash and cash equivalents $9,700.00
On January 1, 2019, Sunland Company granted Sam Wine, an employee, an option to buy 1,000 shares of Sunland Co. stock for $30 per share, the option exercisable for 5 years from date of grant. Using a fair value option pricing model, total compensation expense is determined to be $5520. Wine exercised his option on October 1, 2021 and sold his 1,000 shares on December 1, 2021. Quoted market prices of Sunland Co. stock in 2021 were:
Using the fair value method, Sunland Company should recognize compensation expenses for 2019on its books in the amount of 2019 is $5,520.
What is a compensation expense?Compensation expenses are compensation-associated expenses used as a reward for exceptional job performance.
Examples of such compensation expense plans include bonuses, commissions, stock options, and profit-sharing.
Data and Calculations:Number of option shares granted = 1,000 shares
Grant price = $30
Exercise period = 5 years
Total compensation expense based on the fair value option pricing model = $5,520
The 2019 compensation expense = $6,000 ($30 x 1,000)/5
Question Completion:Quoted market prices of Sunland Co. stock in 2021 were:
July 1 = $30 per share
Oct 1 = $36 per share
Dec 1 = $40 per share
Required:
As a result of the option granted to Wine, using the fair value method, Sunland Company should recognize compensation expenses for 2019 on its books in the amount of 2019.
Thus, the 2019 compensation expense is $5,520.
Learn more about stock options at https://brainly.com/question/25693765
An industry consists of three firms with sales of $355,000, $825,000, and $435,000.
a. Calculate the Herfindahl-Hirschman index (HHI).
Instruction:
Enter your response rounded to the nearest integer.
b. Calculate the four-firm concentration ratio (C4).
c. Based on the FTC and DOJ Horizontal Merger Guidelines described in the text, is the Department of Justice likely to attempt to block a horizontal merger between two firms with sales of $355,000 and $435,000
Answer:
Calculating Herfindahl-Hirschman Index and Four-Firm Concentration Ratio:
a. Herfindahl-Hirschman index (HHI) = 3,814
b. The four-firm concentration ratio (C4) = 1
c. If the two firms with sales of $355,000 and $435,000 merged, the resulting HHI would increase by 1,723 to 5,537. The post-merger HHI now exceeds that allowed under the Guidelines (2,500). The increase in HHI is more than that permitted under the Guidelines (200), the merger is likely to be blocked by the Department of Justice.
Explanation:
a) Data and Calculations:
Sales of three firms in an industry:
Sales Industry Share
Firm A sales = $355,000 22% ($355,000/$1,615,000 * 100)
Firm B sales = 825,000 51% ($825,000/$1,615,000 * 100)
Firm C sales = 435,000 27% ($435,000/$1,615,000 * 100)
Total sales = $1,615,000
Herfindahl-Hirschman index (HHI) = 3,814 (22² + 51² + 27²)
Four-firm concentration ratio (C4) = Sales of the four largest firms/Industry sales = $1,615,000/$1,615,000
If the two firms with sales of $355,000 and $435,000 were to merge, the new Herfindahl-Hirschman index (HHI) = 5,537(49² + 51²)
Increase in HHI as a result of the merger = 1,723
Compute the Work-In-Process transferred to the finished goods warehouse on April 30 using the following information:
Work-In-Process Inventory, April 30 $245
Direct materials purchased during April $220
Work-In-Process inventory, April 1 $270
Direct labor costs incurred $370
Manufacturing overhead costs $320
Direct materials used in production $195
Answer:
$910
Explanation:
Computation for the Work-in-Process transferred to the finished goods warehouse on April 30
Using this formula
Work-in-Process transferred to finished goods warehouse=Work-In-Process Inventory, April 1+(Direct materials used in production+Direct labor costs incurred +Manufacturing overhead costs)-Work-In-Process Inventory, April 30
Let plug in the formula
Work-in-Process transferred to finished goods warehouse=$270 + ($195 + $370 + $320) - $245
Work-in-Process transferred to finished goods warehouse=$270 +$885-$245
Work-in-Process transferred to finished goods warehouse= $910
Therefore the Work-in-Process transferred to the finished goods warehouse on April 30 is $910
please someone should help me.....how do we solve the square root of x +8 plus the square root of x+1 equals 7.....note the question is a surd question
The solution to the surd equation here is x = 449/49
How to solve for the value of the surd[tex]\sqrt{x+8} +\sqrt{x-1} = 7[/tex]
We have to isolate the surds
[tex]\sqrt{x+8} =\sqrt{x-1} +7[/tex]
Square the both sides of the equation
x+8 = x-1+49-14√x-1
Separate the equations on the left and the right hand side
14√x-1 = -x-8+x-1+49
Rearrange the equation
14√x-1 = 40
square the both sides of the equation such that
196x -1796 = 0
Divide through by 196
x = 1796/196
x = 449/49
Read more on surds here:
https://brainly.com/question/26957266
#SPJ1
The Johnson Robot Company’s marketing managers estimate that the demand curve for the company’s robots in 2012 is P = 6,000 - 40Q where P is the price of a robot and Q is the number sold per month. If the firm wants to maximize its dollar sales volume, what price should it charge?
What are derivatives? Different types of derivatives ? What are Forward contracts ?
What are Futures contracts ? Features and benefits of derivatives ?
Explanation:
The most common types of derivatives are forwards, futures, options, and swaps. The most common underlying assets include commodities, stocks, bonds, interest rates, and currencies. Derivatives allow investors to earn large returns from small movements in the underlying asset's price.
lãi suất được trả bởi vì
hhhhhhhhhhhhhhhhjhhhhhhjjhhjhhh
A restaurant offers a 20% discount on all meals for people aged 60 and older. This restaurant is practicing:_________
a. monopolistic competition.
b. efficient pricing.
c. reservation pricing.
d. price discrimination.
e. price retention.
Answer:
d
Explanation:
Price discrimination is when the same product is sold at different prices to customers in different markets
types of price discrimination
1. first degree price discrimination : here sellers charge each consumer at their willingness to pay in order to eliminate consumer surplus.
2. second degree price discrimination : here firms offer different prices depending on the quantity purchased. e.g. giving discounts for bulk purchases.
3, third degree price discrimination : firms charge different prices to different groups of customers. e.g. having a certain price for senior citizens, students
Requirements to practice successful price discrimination
1. The firm must have market power. If the firm does not have market power and attempts to price discriminate they would lose customers
2. The firm must have different elasticities of demand for their product in different markets
3. The firm must be able to segment the market for their products
The restaurant who offers a 20% discount on all meals for people aged 60 years and above is practicing price discrimination.
Price discrimination can be defined as a situation in which the producer charges different prices for different groups of customers buying the same product.This means, all customers be are purchasing the bc same commodity but are charged differently by the producer.Therefore, the restaurant is practicing price discrimination system
Learn more about price discrimination here:
https://brainly.com/question/18564948
1 1.1 Briefly name and explain the aspects of the marking mix.
Answer: Marketing mix could described as methods taken by an organization to boast their brand or improve demand of product in the market.
Explanation:
Marketing mix could described as methods taken by an organization to boast their brand or improve demand of product in the market.
Aspects of marketing mix are Price, product, promotion and place.
Price; this refers to the value of a product. The organization in considering marketing mix would have to make her price affordable for the market in relation with the value of the product it's selling.
Product; this is the item being sold. The item must be valuable and worth the buy of the customers, this would improve consistent buying and referral by those who have already bought.
Promotion: this refers to actions taken to make known the product visibility in the market. This actions could be through branding, marketing with the aim of making the products demanded more than usual always.
Place: these is referred to as the target market. Every market is not a market, the place refers to those who are either already customers or would be customers. The organization must try to identify those who her products address and try selling to them.
what is the effect on the market when suppliers under invest in their business
Martin Company manufactures a powerful cleaning solvent. The main ingredient in the solvent is a raw material called Echol. Information concerning the purchase and use of Echol follows:
Purchase of Echol Echol is purchased in 15-gallon containers at a cost of $115 per container. A discount of 2% is offered by the supplier for payment within 10 days, and Martin Company takes all discounts. Shipping costs, which Martin Company must pay, amount to $130 for an average shipment of 100 15-gallon containers of Echol.
Use of Echol The bill of materials calls for 7.6 quarts of Echol per bottle of cleaning solvent. (Each gallon contains four quarts.) About 5% of all Echol used is lost through spillage or evaporation. In addition, statistical analysis has shown that every 41st bottle is rejected at final inspection because of contamination.
Required:
a. Compute the standard purchase price for one quart of Echol.
b. Compute the standard quantity of Echol (in quarts) per salable bottle of cleaning solvent.
c. Using the data from (1) and (2) above, prepare a standard cost card showing the standard cost of Echol per bottle of cleaning solvent.
Answer: a. $1.90
b. 8.2 quarts
c. $15.58
Explanation:
a. Compute the standard purchase price for one quart of Echol.
Cost per 15 gallon container = $115
Less: Cash discount= 2% × $115 = $2.30
Net cost = $115 - $2.30 = $112.70
Add: Shipping cost = $139/100 = $1.30
Total cost = $112.70 + $1.30 = $114
Number of quarts per container = (15 × 4) = 60
Standard cost per quart = $114/60 = $1.90
b. Compute the standard quantity of Echol (in quarts) per salable bottle of cleaning solvent.
Content per bill of materials = 7.6 quart
Add: Allowance for evaporation and spillage = 8.0 - 7.6 = 0.4 quart
Add: Allowance for rejected unit = 8.0/40 = 0.2 quarts
Standard quantity of Echol per salable bottle of cleaning solvent = 7.6 + 0.4 + 0.2 = 8.2 quarts
c. Using the data from (1) and (2) above, prepare a standard cost card showing the standard cost of Echol per bottle of cleaning solvent.
This will be:
= 8.2 quart × $1.90 per quart
= $15.58
lamingos, Inc. has two service departments and two operating (production) departments. Administrative Department costs are allocated to the Assembly and Packaging departments based on the number of employees, and Maintenance Department costs are allocated to the Assembly and Packaging departments based on square feet occupied. Data for these departments follows:
Department Direct Expenses No. of employees Sqaure Feet
Administrative $30,000
Maintenance 15,000
Assembly 70,000 6 2,000
Packaging 45,000 4 3,000
The total amount of the Administrative Department's cost that would eventually be allocated to the Packaging Department is: __________
Answer:
Packaging= $12,000
Explanation:
First, we need to calculate the allocation rate of the Administrative Department:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Allocation rate= 30,000 / (6 + 4)
Allocation rate= $3,000 per employee
Now, we can allocate to the Packaging Department:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Packaging= 3,000*4
Packaging= $12,000
RST Company produces a product that has a variable cost of $6 per unit. The company's fixed costs are $30,000. The product sells for $10 per unit. The break-even point in sales dollars is $_____________.
Answer: $75000
Explanation:
In order to solve the question, firstly we need to calculate the contribution margin ratio which will be:
= ($10 - $6) / $10
= 40%
Then, the break even sales will then be:
= Fixed cost / Contribution margin ratio
= $30000 / 40%
= $75000
Therefore, the break-even point in sales dollars is $75000
Wydex stock is currently trading at $82 a share. The firm feels that its primary clientele can afford to spend between $2,000 and $2,500 to purchase a round lot of 100 shares. The firm should consider a:
Answer: Stock Split
Explanation:
The company should consider a stock split which would enable it to reduce the price of its stock but without changing total shareholder value.
With a stock split, the companies stock would be divided into smaller stocks that would have a lower price but when all these are added up, the total shareholder value would not change.
Right now the stock is trading at $82 per share. If they could do a stock split such that each stock is between $20 and $25 then people would be able to spend between $2,000 and $2,500 to purchase a round lot of 100 shares.
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company;s records show the following accounts and amounts for the month of August. Use this information to prepare an August statement of retained earnings for Help Today. (Amounts to be deducted should be entered with a minus sign.)
Cash $ 25,360
Dividends $ 6,000
Accounts receivable 22,360
Consulting fees earned 27,000
Office supplies 5,250
Rent expense 9,550
Land 44,000
Salaries expense 5,600
Office equipment 20,000
Telephone expense 860
Accounts payable 10,500
Miscellaneous expense 520
Common stock 102,000
Use the above information to prepare an August statement of retained earnings for Help Today. The Retained Earnings account balance at August 1 was $0. Hint: Net income for August is $10,470.
Answer:
$4,470
Explanation:
Preparation of an August statement of retained earnings for Help Today.
First step is to prepare the income statement of Help Today
HELP TODAY Income Statement
For Month Ended August 31
Revenues:
Consulting fees earned: $27,000
Total Revenues: $27,000
Expenses:
Rent Expenses $9,550
Salaries Expenses $5,600
Telephone Expenses $860
Miscellaneous Expenses $520
Total Expenses $16,530
Net income $10,470
($27,000-$16,530)
Now let Prepare an August statement of retained earnings for Help Today
HELP TODAY Statement of Retained Earnings
For Month Ended August 31
Retained earnings, August 1: $0
Add: Net Income: $10470
Less: Dividends: ($6000)
Retained earnings, August 31: $4470
($10470-$6000)
Therefore August statement of retained earnings for Help Today is $4470
A rules-based monetary policy :_______.a. is advocated by activists. b. is advocated by nonactivists. c. could involve a predetermined steady growth rate in the money supply. d. b and c e. all of the above
Answer:
d. b and c
Explanation:
Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country (Federal Reserve System in the United States of America) to control the money supply and interest rates so as to boost or enhance economic growth.
Basically, monetary policies are used by the central bank to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, the national government through its central bank introduces monetary policy to increase money supply (liquidity). Also, a monetary policy can be used to prevent inflation through the reduction of money supply at a given period of time.
A rules-based monetary policy is advocated by non-activists and when it's adopted by the central bank of a country, it could involve a predetermined steady growth rate in the money supply because it's implemented based on specific indicator events existing in the economy.
What types of political, economic, and competitive challenges does MTV Networks International face by operating worldwide?
Answer:
Economic challenges: MTV has to adapt to different economic conditions across the world, for example, diverging currency rates, changing tax regimes, changing economic conditions, vastly different living standards and purchasing power, and so on.
Political challenges: MTV has to face many types of political regimes like functional democracies, flawed democracies, authoritarian regimes, and even dictatorships.
Competitive challenges: MTV has competitors across the world, both in each country, and also at an international level. For this reason, MTV has to adapt is competitive strategy at each leve, and in each country, in order to better face the competitive challenges.
Oi boa tarde , onde consigo um curso online de aprimoramento de laticinios
Explanation:
aqui neste APP...............
Use the following information to compute profit margin for each separate company a through e. (Round your answers to 1 decimal place.)
Company Net income Net sales Profit Margin
a. $5,253 $44,140
b. 86,033 392,846
c. 90,324 251,598
d. 63,120 1,434,550
e. 72,787 428,158
Required:
Which of the five companies is the most profitable according to the profit margin ratio?
Answer:
the Company C is the most profitable
Explanation:
The computation of the profit margin for the following companies is
We know that
Profit margin = Net income ÷ Net sales
Now
Company Net income Net sales Profit margin
a $5,253 $44,140 11.9%
b $86,033 $392,846 21.9%
c $90,324 $251,598 35.9%
d $63,120 $1,434,550 4.4%
e $72,787 $428,158 17.0%
Based on the calculation above, the Company C is the most profitable
Below is the production possibilities frontier for Japan. It shows that Japan is able to produce either 80 bottles of milk or 50 cartons of eggs using all of its available resources. Also suppose that Japan decides to produce at point A : 60 bottles of milk and 12 cartons of eggs. If Japan engages in international trade and trades 30 bottles of milk for 30 cartons of eggs with another country, it will be able to consume outside of its production possibilities frontier. How many bottles of milk will the country have at the end of the exchange
Answer and Explanation:
The computation of the number of bottle of milk will the country at the end of the exchange is shown below:
The Number of milk bottles Japan is presently producing is 60 bottles
The Number of milk bottles Japan trades with another country is 30 bottles
So,
The Number of Milk bottles left with Japan after doing an exchange is
= 60 - 30
= 30 bottles
Also,
The Number of egg cartons Japan is presently producing is 12
The Number of egg cartons Japan trades with another country is 30
So,
Number of eggs cartons left with Japan after considering an exchange is
= 12 + 30
= 42 cartons
Borges Machine Shop, Inc., has a 1-year contract for the production of 225,000 gear housings for a new off-road vehicle. Owner Luis Borges hopes the contract will be extended and the volume increased next year. Borges has developed costs for three alternatives. They are general-purpose equipment (GPE), flexible manufacturing system (FMS), and expensive, but efficient, dedicated machine (DM). The cost data follow:
General-Purpose Equipment (GPE) Flexible Manufacturing System (FMS) Dedicated Machine (DM)
Annual contracted units 225,000 225,000 225,000
Annual fixed cost $125,000 $225,000 $480,000
Per unit variable cost $15.00 $14.00 $13.00
The option GPE is best when the contracted volume is below:__________
Answer:
For 225,000 units FMS is the best alternative.
For GPE: TC
GPE
[tex]= $100,000 + ($15.00\times 225,000)\\\\= $3,475,000[/tex]
For 0 units GPE has the lowest TC. The next lowest cost is FMS.
x = ($200,000-$100,000)/($15-$14) = 100,000
Therefore, for 0 to 100,000 units GPE is the best alternative.
Explanation:
Formula used:-
For 225,000 units FMS is the best alternative.
Total Cost (TC) = Fixed Cost (FC) + [Variable Cost (VC) x Annual Contract Units (ACU)]
For GPE: TC
GPE
[tex]= $100,000 + ($15.00\times 225,000)\\\\= $3,475,000[/tex]
For FMS: TC
FMS
[tex]= $200,000 + ($14.00\times 225,000)\\\\= $3,350,000[/tex]
For DM: TC
DM
[tex]= $480,000 + ($13.00 \times225,000)\\\\= $3,405,000[/tex]
For 0 units GPE has the lowest TC. The next lowest cost is FMS. Comparing these two plans, let x be the no of units when the cost of both plans is the same.
x = ($200,000-$100,000)/($15-$14) = 100,000
Therefore, for 0 to 100,000 units GPE is the best alternative
Similarly comparing FMS and DM to find x, we get
x= ($ 480,000-$ 200,000)/($14-$13) = 280,000
So, for the 225,000 and 280,000 range, FMS is the best alrernative.
For greater than 280,000 DM is the best alternative.
The option GPE is best when the contracted volume is below 100,000 units
The option FMS is best when the contracted volume is between 100,000 and 280,000 units (enter your response as a whole number)
The option DM is best when the contracted volume is over 280,000 units (enter your response as a whole number)
Salaries of $4,000 are paid for a five-day week on Friday. Journalize the necessary adjusting entry of the month ends on Thursday.
Answer:
Debit Salaries Expense $4,000
Credit Salaries Payable $4,000
Explanation:
Preparation of the the the necessary adjusting entry of the month ends on Thursday
Based on the information given the necessary adjusting entry of the month ends on Thursday will be to Debit Salaries Expense with the amount of $4,000 and Credit Salaries Payable with the same amount of $4,000.
Debit Salaries Expense $4,000
Credit Salaries Payable $4,000
In two hours JustBorn Candies can produce 30,000 Peeps or 90,000 Mike and Ikes or any combination in between.
a. What is the trade-off between Peeps and Mike and Ikes?
i. For every Peep, 9 Mike and Ikes can be produced.
ii. For every Peep, 1/3 Mike and Ike can be produced.
iii. For every Mike and Ike, 3 Peeps can be produced.
iv. For every Peep, 3 Mike and Ikes can be produced.
b. Draw a production possibility curve that reflects this trade-off.
c. Identify the placement of the following points on the production possibility curve.
i. An efficient production point is (Click to select)inside the production possibility curveoutside the production possibility curveon the production possibility curve.
ii. An inefficient production point is (Click to select)on the production possibility curveoutside the production possibility curveinside the production possibility curve.
iii. An impossible point is (Click to select)on the production possibility curveoutside the production possibility curveinside the production possibility curve.
d. Illustrate what would happen if JustBorn candies developed a technology that increased productivity by one third for both products.
Answer: See explanation
Explanation:
a. For every Peep, 3 Mike and Ikes can be produced
b. Check the attachment
c. An efficient production point is (on the) production possibility curve.
An inefficient production point is (inside) the production possibility curve.
An impossible point is (outside) the production possibility curve.
d. If if JustBorn candies developed a technology that increased productivity by one third for both products, then there will be a shift in the production possibility frontier outwards.
Anti-dilutive securities:_________.Select one:a. should be included in the computation of diluted earnings per share but not basic earnings per share.b. are those whose inclusion in earnings per share computations would cause basic earnings per share to exceed diluted earnings per share.c. include stock options and warrants whose exercise price is less than the average market price of common stock.d. should always be ignored in the computation of diluted EPS.
Answer: D. should always be ignored in the computation of diluted EPS.
Explanation:
Anti-Dilutive Securities refers to the financial instruments that an organization has which can when converted into the common stock, will lead to an increase in the organization's earning per share.
Unlike the diluted activities which brings about the reduction in the earnings per share, antidilutive maintain or increase the EPS. Therefore, anti-dilutive securities should always be ignored in the computation of diluted EPS.
Accountants focus on creating financial statements, whereas finance professionals use these statements to evaluate a firm and answer questions about its performance. Indicate which financial statement you would refer to when answering the questions in the following table:
Income Statement Statement of Retained Earnings
How profitable has the firm been?
How much of the firm's earnings are left as balance after the firm pays out dividends to its shareholders?
If compensation for senior management is based on short-term performance of the firm, in the short run the firm is likely to:
a. Overstate its earnings
b. Understate its earnings
Answer:
1. Indication of financial statement to refer to when answering questions in the following table:
Question Financial Statement
How profitable has the firm been? Income Statement
How much of the firm's earnings are Statement of Retained Earnings
left as balance after the firm pays out
dividends to its shareholders?
2. If compensation for senior management is based on short-term performance of the firm, in the short run the firm is likely to:
a. Overstate its earnings
Explanation:
Company A's Income Statement shows its profit performance at different levels. At one level is the gross profit, which shows the difference between the net sales or service revenue and the cost of sales/service. At another level is the operating income, which is the income before interest and taxes. The next important level is the net income, which is the profit after taxes. This shows the earnings available for distribution to stockholders. The Statement of Cash Flows classifies the cash flows generated into operating, investing, and financing activities, and shows the non-cash flow adjustments.
