Two national companies both sell a variety of soaps and lotions. When looking at the balance sheets, one company lists goodwill as an asset, but the other company does not. What does this tell you about these companies

Answers

Answer 1

Answer: A. The first company purchased an entire business to expand the company, whereas the second company likely has not yet purchased another entire business.

Explanation:

Goodwill is the value over a company's net value that it is purchased for. For instance, if a company is worth $15,000 but was purchased for $20,000, $5,000 is the goodwill.

A company only expresses goodwill in its books when it has purchased another company for more than the company's value and when the balance sheets of the purchaser and the purchased were consolidated, the goodwill is therefore shown.

If the first company has goodwill as an asset then it means that it has purchased a company before unlike the second company which has not purchased any company as of yet.

Answer 2

Goodwill is referred to as intangible assets and is associated with the reputation of the firm. The goodwill depends on the gradual growth of the company at the variable stages. It is the purchase or acquisition of the assets at fair value and acquiring limited liabilities for the better growth of the company.

The correct option for the answer is A. The first company purchased an entire business to expand the company, whereas the second company likely has not yet purchased another entire business.

Options A. The first company purchased an entire business to expand the company, whereas the second company likely has not yet purchased another entire business is correct because the first company has made the decision to expand by owning it and getting some of the major investors from the market for the investment as well.  

Options:

B. The first company regularly donates to charitable causes, whereas the second company does not donate to charitable causes.

C. The first company purchased patents above market value to expand their product line, whereas the second company likely developed all of their patents in-house.

D. The first company added research and development costs as an intangible asset, whereas the second company expensed their research and development costs immediately

These options are wrong because they do not specify the correct meaning of the sentence in the context. They are verifying the other concept as compared to the context.

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Related Questions

Monetary stimulus is only helpful to an economy: __________

a. experiencing significant negative externalities.
b. that's in recession.
c. with few public goods.

Answers

That is in recession. B is the correct answer.

Which of the following statements about transportation costs are correct?
A. When transportation costs rise, markets tend to substitute goods that are from closer locations.
B. Transportation costs have declined due to technological improvements for transporting goods.
C. International transportation costs are increasing everywhere in the world except in the United States.
D. Since the 1960s, transportation costs, as a percentage of the value of all U.S. imports, increased twofold.
E. The decline in the U.S. relative cost of international transportation has contributed to a higher volume of trade.

Answers

Answer:

A. When transportation costs rise, markets tend to substitute goods that are from closer locations. B. Transportation costs have declined due to technological improvements for transporting goods. E. The decline in the U.S. relative cost of international transportation has contributed to a higher volume of trade.

Explanation:

When transportation costs increase, people will try to save on these costs by buying goods from nearby locations instead as these would require less transport.

In general, transportation costs have declined as technological improvements in transport have improved with better rail lines and air shipping routes. In the U.S. this has led to an increase in trade volume because people are able to buy from markets far away from them knowing that they will not have to pay exorbitant prices.

Glen Inc. and Armstrong Co. have an exchange with no commercial substance. The asset given up by Glen Inc. has a book value of $72,000 and a fair value of $96,000. The asset given up by Armstrong Co. has a book value of $120,000 and a fair value of $114,000. Boot of $24,000 is received by Armstrong Co.What amount should Armstrong Co. record for the asset received

Answers

Answer:

the amount that should be recorded as the asset is $96,000

Explanation:

The computation of the amount that should be recorded as the asset is given below:

Book value of assets given up = $72,000

Add : cash paid in exchange. $24,000

Amount recorded as an asset should be $96,000

We simply added the book value and the cash paid amount for an exchange

Therefore the amount that should be recorded as the asset is $96,000

Beagle Corporation has 26,000 shares of $10 par common stock outstanding and 16,000 shares of $100 par, 5.50% cumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $420,000 dividend will be paid. What are the dividends per share payable to preferred and common, respectively

Answers

Answer:

$16.5 per share; $6 per share

Explanation:

Calculation to determine the dividends per share payable to preferred and common, respectively

DIVIDENDS PER SHARE PAYABLE TO PREFERRED

First step

Total dividend paid to Preferred Stockholders

= Outstanding preferred stock × Par value of preferred stock × 5.50% × Number of years

Total dividend paid to Preferred Stockholders= 16000 × 100 × 5.50% × 3

Total dividend paid to Preferred Stockholders= $264,000

Second step

Total dividend per share paid to Preferred Stockholders= Total dividend paid to preferred ÷ No. of outstanding shares

Total dividend per share paid to Preferred Stockholders= $264,000 ÷ 16,000 shares

Total dividend per share paid to Preferred Stockholders= $16.5 per share

DIVIDENDS PER SHARE PAYABLE TO COMMON STOCKHOLDERS

First step

Total dividend paid to Preferred Stockholders

= Outstanding preferred stock × Par value of preferred stock × 5.50% × Number of years

Total dividend paid to Preferred Stockholders= 16000 × 100 × 5.50% × 3

Total dividend paid to Preferred Stockholders= $264,000

Second step

Total dividend per share paid to common Stockholders= (Dividend paid in the current year - Total dividend paid to preferred) ÷ Common stock outstanding shares

Total dividend per share paid to common Stockholders= ($420,000 - $264,000) ÷ 26,000

Total dividend per share paid to common Stockholders= $156,000 ÷ 26,000 shares

Total dividend per share paid to common Stockholders= 6 per share

Therefore the dividends per share payable to preferred and common, respectively is:

$16.5 per share; $6 per share

Another term for "food poisoning" is?

Answers

Answer:

botulism. salmonella.

Explanation:

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Janine, currently enrolled in a 3-star plan,
discovers there is 5-star plan available where
she lives. She asks her agent, Josh, to enroll
her in the 5-star plan. Josh can advise Janine
of each of the following except:
Josh should tell Janine that she can only change her current plan to a 5-
star plan during the Annual Election Period.
Josh should tell Janine that she can only use the 5-Star SEP once per
calendar year.
Josh should tell Janine that she can change her current plan to a 5-star

Answers

Answer:

Janine and Josh

Josh can advise Janine  of each of the following except:

Josh should tell Janine that she can only change her current plan to a 5-

star plan during the Annual Election Period.

Explanation:

The Special Election Period (SEP) for the 5-star Medicare Plan lasts one week, that is, between Nov. 30 and Dec. 8.  However, there is an Annual Enrollment Period (AEP) that lasts from October 15th to December 7th.  During the annual enrollment period, any plan holder can change her Medicare plan, depending on its availability in her area.

Could I Industries just paid a dividend of $1.15 per share. The dividends are expected to grow at a rate of 18 percent for the next six years and then level off to a growth rate of 7 percent indefinitely. If the required return is 15 percent, what is the value of the stock today

Answers

Answer: $26.56

Explanation:

Present value of stock = Dividend in year 1 / (1 + required rate of return) + Dividend in year 2 / (1 + required rate of return)² + Dividend in year 3 / (1 + required rate of return)³ + Dividend in year 4 / (1 + required rate of return)⁴ + Dividend in year 5 / (1 + required rate of return)⁵ + Dividend in year 6 / (1 + required rate of return)⁶ + Terminal value /  (1 + required rate of return)⁶

Terminal value = ( Dividend in year 6 * (1 + growth rate) / ( required rate of return - growth rate)

= (1.15 * (1 + 18%)⁶ * (1 + 7%) ) / (15% - 7%)

= $41.5225

Present value of stock:

= (1.15 * 1.18) / (1 + 15%) + (1.15 * 1.18²) / (1 + 15%)² + (1.15 * 1.18³) / (1 + 15%)³ + (1.15 * 1.18⁴) / (1 + 15%)⁴ + (1.15 * 1.18⁵) / (1 + 15%)⁵ + (1.15 * 1.18⁶) / (1 + 15%)⁶ + (41.5225) / (1 + 15%)⁶

= $26.55585976

= $26.56

Billy Bob Company manufactures fine furniture and grandfather clocks. Billy Bob has an excellent reputation, and each grandfather clock sells for several thousand dollars. Which of the following is an indirect cost, assuming the cost object is the Clock Department?
a) Salary of the clock production supervisor
b) Depreciation on the company's factory building
c) Depreciation on clock-making equipment.
d) All of the answers are correct

Answers

Answer:

Billy Bob Company

Indirect Costs are:

d) All of the answers are correct

Explanation:

The indirect costs cannot be directly identified with a single grandfather clock.  They are not direct costs but are allocated to the Clock Department. For example, Billy Bob Company incurs these indirect costs for producing grandfather clocks: the Clock Department's supervisor's salary expenses, Depreciation on factory building and clock-making equipment, and other indirect materials and labor.

A company issues 1 million shares of common stock with a par value of $0.02 for $15 a share. The entry to record this transaction includes a debit to Cash for: A. $15,000,000 and a credit to Common Stock for $15,000,000. B. $20,000, a debit to Capital Receivable for $14,980,000, a credit to Common Stock for $20,000, and a credit to Additional Paid-in Capital for $14,980,000. C. $15,000,000, a credit to Common Stock for $20,000, and a credit to Additional Paid-in Capital for $14,980,000. D. $20,000 and a credit to Common Stock for $20,000.

Answers

The entry to record this transaction includes a debit to Cash for C. $15,000,000, a credit to Common Stock for $20,000, and a credit to Additional Paid-in Capital for $14,980,000.

For the cash received, the entry to record the transaction, Cash account is debited with $15,000,000 (1,000,000 x $15).

The Common Stock account is credited with $20,000 (1,000,000 x $0.02) to record the common stock value of the transaction.

And the Additional Paid-in Capital is credited with $14,980,000 (1,000,000 x $14.98) to record the additional capital contributed above the par value.

The $14.98 is the difference between the issue price ($15) per share and the par value ($0.02) per share.

The par value is the nominal amount that each share is issued.

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Happy Trails, a bicycle rental company, is considering purchasing three additional bicycles. Each bicycle would cost them $249.66. At the end of the first year the increase to their revenues would be $140 per bicycle. At the end of the second year the increase to their revenues again would be $140 per bicycle. Thereafter, there are no increases to their revenues. At which of the following interest rates is the sum of the present values of the additional revenues closest to the price of a bicycle?
a. 5 percent.
b. 6 percent.
c. 7 percent.
d. 8 percent.

Answers

Answer:

D

Explanation:

We are to determine the IRR of the purchase

The internal rate of return is a capital budgeting method that is used to determine the profitability of a project.

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

Cash flow in Y0 = -249.66

Cash flow in Y1 = 140

Cash flow in  Y2 = 140

IRR = 8

To determine IRR 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 IRR button and then press the compute button

4. Problems and Applications Q4 Many observers believe that the levels of pollution in our society are too high. True or False: If society wishes to reduce overall pollution by a certain amount, it is efficient to have firms with lower costs reduce greater amounts of pollution than those with higher costs.

Answers

Answer: True

Explanation:

Firms with lower costs would also incur a lower cost when they try to reduce pollution so they should reduce more pollution because of this reduced cost that they will incur.

Firms with higher costs would then reduce less pollution because this would ensure that they do not spend too much on pollution reduction and incur even more costs.

Botosan Factory has budgeted factory overhead for the year at $468,602, and budgeted direct labor hours for the year are 280,600. If the actual direct labor hours for the month of May are 255,300, the overhead allocated for May is

Answers

Answer:

$426,351

Explanation:

Calculation to determine what the overhead allocated for May is

Using this formula

Overhead allocated for May=(Estimated overhead/Estimated total DLHs)*Overhead rate per DLHs

Let plug in the formula

Overhead allocated for May=($468,602/ 280,600)*255,300

Overhead allocated for May=$1.67*255,300

Overhead allocated for May=$426,351

Therefore the overhead allocated for May is $426,351

Total Cost Logistics Model takes into consideration ______. A. all of the transportation cost B. all of the handling cost C. all of fixed assets D. all of the inventory carrying cost

Answers

Answer:

Total Cost Logistics Model takes into consideration:

A. all of the transportation cost

B. all of the handling cost

D. all of the inventory carrying cost

Explanation:

The total cost logistics model includes all the logistics factors (transportation costs, inventory carrying costs, and administration costs). Logistics can be divided into procurement logistics, production logistics, sales logistics, recovery logistics, and recycling logistics.

​Brett's Gift Box estimates that it will sell​ 30,000 porcelain figurines next year. Because porcelain figurines are so easily​ damaged, the average per unit carrying cost of the figurines is​ $25. The per order cost of ordering is​ $800. Assume that Brett wants a safety stock of 75 figurines. If Brett reorders the figurines based on the economic order​ quantity, what is​ Brett's average inventory of porcelain​ figurines?

Answers

If Brett reorders the figurines based on the economic order​ quantity, Brett's average inventory of porcelain​ figurines is 768 units.

The economic order quantity is computed as the square root of (2 x Annual Sales Unit (Demand) x Ordering Cost)/Carrying Cost

= square root of (2 x 30,000 x $800)/$25

= square root of 1,920,000

= 1,386 units

Average inventory = (Economic Order Quantity)/2 + Safety stock

= 1,386/2 + 75

= 693 + 75

= 768 units

Thus, Brett's Gift Box average inventory of porcelain figurines is 768.

Learn how to calculate average inventory and the use of economic order quantity here: https://brainly.com/question/5525521 and https://brainly.com/question/9068415 respectively.

Data:

Estimate sales units for next year = 30,000 porcelain figurines

Average per-unit carrying cost = $25

Per-order Ordering Cost = $800

Required safety stock = 75 figurines

Your grandfather has offered you a choice of one of the three following alternatives: $11,500 now; $5,700 a year for five years; or $71,000 at the end of five years. Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods.

Required:
a. Assuming you could earn 9 percent annually, compute the present value of each alternative.
b. Which alternative should you choose?

Answers

Answer:

1. $11,500

2. $22,171.01

3. $46,145.13

option 3. This is because it has the highest present value

Explanation:

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

option 2

Cash flow each year from year 1 to 5 = $5,700

I = 9

PV = 22,171,01

OPTION 3

Cash flow in year 5 = 71,000

I = 9

PV = 46,145.13

To determine PV using a financial calculator take the following steps:

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  

Over the last ten years productivity grew faster in Oceania than in Freedonia and the population and total hours worked remained the same in both countries. It follows that:

a. real GDP per person must be higher in Oceania than in Freedonia.
b. real GDP per person grew faster in Oceania than in Freedonia.
c. the standard of living must be higher in Oceania than in Freedonia.
d. All of the above are correct.

Answers

Answer:

it's d. All are correctamundo

An entrepreneur purchased an existing bicycle shop that had between 13000

Answers

Answer:

Write the full question a so I can answer?

Entries for Discounted Note Payable A business issued a 90-day note for $57,000 to a creditor on account. The note was discounted at 8%. Assume a 360-day year.
a. Journalize the entry to record the issuance of the note. For a compound transaction, if an amount box does not require an entry, leave it blank. If necessary, round to one decimal place. Accounting numeric field
b. Journalize the entry to record the payment of the note at maturity.

Answers

Answer:

A. Dr Accounts payable 55,830

Dr Interest expense 1170

Cr Notes payable 57,000

B. Dr Notes payable 57,000

Cr Cash 57,000

Explanation:

A. Preparation of the journal entry to record the issuance of the note.

Dr Accounts payable 55,830

(57,000-1170)

Dr Interest expense (57,000*8%*90/360) 1170

Cr Notes payable 57,000

(To record the issuance of the note)

B. Preparation of the journal entry to record the payment of the note at maturity.

Dr Notes payable 57,000

Cr Cash 57,000

(to record the payment of the note at maturity)

If an investor has a choice of investing money at 6% compounded daily or 6.025% compounded quarterly which one is best

Answers

General Rule: Daily compounding gives a higher yield

Compounding works like this:

6.025% per quarter

Quarter 1: $100 x 6.025% = $6.025

Quarter 2: $106.025 x 6.025% = $6.388

Quarter 3: $112.413 x 6.025% = $6.7729

Quarter 4: $119.186 x 6.025% = $7.4491

Etc…

6% per day

Day 1: $100 x 6% = $6

Day 2: $106 x 6% = $6.36

...

Day 365: $193.47 x 6% = $11.96

On January 2, 20X1, Ziegler Company issues a four-year note in exchange for a license agreement requiring four annual payments of $27,956. The market value of the four-year agreement is $100,000. The first payment is due on the day the agreement is signed. The effective interest rate is 8%. The second payment includes interest of:

Answers

Answer:

$5,763.52

Explanation:

1st payment is due on the day the agreement  is signed.

The 2nd payment interest is computed as bellow:

=> ($100,000 - First payment) * 8%

=> ($100,000 - $27,956) * 8%

=> $72,044 * 8%

=> $5,763.52

So, the second payment includes interest of $5,763.52.

A property title search firm is contemplating using online software to increase the productivity of the researcher performing the search. Currently, an average of 64 minutes is needed to do a title search. The researcher cost is $1.70 per minute. Clients are charged a fee of $410. Company A’s software would reduce the average search time by 20 minutes, at a cost of $3.50 per search. Company B’s software would reduce the average search time by 21 minutes at a cost of $5.50 per search.
a. Calculate the productivity in terms of revenue per dollar of input.
b. Which option would have the highest productivity in terms of revenue per dollar of input?
a) Company A
b) Company B
c) Current

Answers

Answer:

a. Productivity in terms of revenue per dollar input:

Cost = Average time taken * Cost per minute + additional cost per search

Current cost = 64 * 1.70 = $108.80

Company A cost = (64 - 20 mins) * 1.70 + 3.50 = $78.30

Company B cost = (64 - 21) * 1.70 + 5.50 = $78.60

Productivity = Client fee / Cost

Current productivity

= 410 / 108.80

= $3.77

Company A

= 410 / 78.30

= $5.24

Company B

= 410 / 78.60

= $5.22

b. Company A is best.

At December 31, Hawke Company reports the following results for its calendar year.

Cash sales $1,432,910
Credit sales $3,376,000

In addition, its unadjusted trial balance includes the following items.

Accounts receivable $1,022,928 debit
Allowance for doubtful accounts $11,560 debit

Required:
Prepare the adjusting entry for this company to recognize bad debts

Answers

The adjusting entries for acknowledging the bad debts would be:

a). Bad Debts Expense                  $50 640

Allowance for Doubtful Accounts                     $50 640

b). Bad Debts Expense                 $48089.1

Allowance for Doubtful Accounts                     $48089.1

Bad debts:

Bad debts are described as debts that are unable to be recovered from their respective debtors.

The key reasons for this could be:

The debtor is bankrupt and cannot pay the amount.The debtor flees away and thus, can't be compelled to pay.

The given amounts are obtained as follows:

a). Given that,

Bad debts is 1.5% of credit sales.

Credit Sales = $3,376,000

Bad debts = 1.5% of $3,376,000

∵ Bad debts = 1.5/100 * $3,376,000

= $50 640

b). Given that,

Bad debts = 1 % of total sales.

Total Sales = Credit sale + Cash sale

= $3,376,000 + $1,432,910

= $4808910

Bad debts = 1% of 4808910

∵ Bad debts = 1/100 * $4808910

= $48089.1

Learn more about 'Journal entries' here:

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How is a monopolistically competitive market similar to a perfectly competitive​ market? A. Producers with market power set their own prices. B. Both have differentiated products with close substitutes. C. There are no restrictions on the entry of new firms. D. Both have homogeneous products with no close substitutes. Which of the following common features do monopolistically competitive markets and monopolies​ share? A. Barriers restrict new firms from entering. B. Consumers with market power set prices. C. Firms face​ downward-sloping demand curves. D. Producers with no market power set their own prices.

Answers

Answer:

c

c

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants  

When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero

If firms are earning negative economic profit, in the long run, firms leave the industry.  This drives economic profit to zero

in the long run, only normal profit is earned

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.

An example of a monopoly is a utility company

Julie Lambert has a large consulting practice. New clients are required to pay one-half of the consulting fees up front. The balance is paid at the conclusion of the consultation. How does Lambert account for the cash received at the end of the engagement?
a.Cash
Unearned Consulting Revenue
b.Cash
Unearned Consulting Revenue
Earned Consulting Revenue
c. Prepaid Consulting Revenue
Earned Consulting Revenue
d. No entry is required when the engagement is concluded.

Answers

Answer:

b. Cash, Unearned Consulting Revenue; Earned Consulting Revenue

Explanation:

Lambert account for the cash received at the end of the engagement as stated below

Date   Account titles                                Debit   Credit

          Cash                                                XXX

          Unearned Consulting Revenue     XXX

                 Earned Consulting Revenue               XXX

Blue expects to begin selling the product next year. If Blue elects to amortize research and experimental expenditures over 60 months, determine the amount of the deduction for research and experimental expenditures for the current year.
a. $0
b. $118,000
c. $143,000
d. $152,000

Answers

Part of the question

Blue Corporation incurred the following expenses in connection with the development of a new product:

Salaries $100,000

Utilities 18,000

Materials 25,000

Advertising 5,000

Market survey 3,000

Depreciation on machine 9,000

Answer:

a. $0

Explanation:

From the question, we have the qualified research expenditures to be

=> $100,000 + $18,000 + $25,000 + $9,000 = $152,000

Also, given that under the election to amortize, the monthly amortization is

=> $152,000 ÷ 60 months = $2,533

Hence, given that, sales will not start until next year, there is no deduction for the current year, which implies that the right answer is $0

Security X has expected return of 9% and standard deviation of 18%. Security Y has expected return of 12% and standard deviation of 21%. If the two securities have a correlation coefficient of -0.4, what is their covariance

Answers

Answer:

the covariance is -0.0151

Explanation:

The computation of the covariance is given below:

= correlation coefficient × standard deviation of x × standard deviation of y

= -0.4 × 18% × 21%

= -0.0151

Hence, the covariance is -0.0151

We simply applied the above formula so that the correct value could come

The following monthly data are available for Waterway Industries. which produces only one product: Selling price per unit, $54; Unit variable expenses, $14; Total fixed expenses, $42000; Actual sales for the month of June, 2000 units. How much is the margin of safety for the company for June

Answers

Answer:

Margin of safety= 950 units

Explanation:

First, we need to calculate the break-even point in units:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 42,000 / (54 - 14)

Break-even point in units= 1,050

Now, the margin of safety in units:

Margin of safety= (current sales level - break-even point)

Margin of safety= 2,000 - 1,050

Margin of safety= 950 units

A manufacturing company has the following budgeted overhead costs: Indirect materials: $0.50 per unit; Utilities: $0.25 per unit; Supervisory salaries: $60,000; Building rent: $80,000. If the company expects to produce 200,000 units using 100,000 hours of direct labor, the standard overhead rate will be $

Answers

Answer:

Predetermined manufacturing overhead rate= $1.45 per unit

Explanation:

First, we will calculate the variable overhead per unit:

Unitary variable overhead= Indirect materials + Utilities

Unitary variable overhead= 0.5 + 0.25

Unitary variable overhead= $0.75 per unit

Now, the total fixed overhead, and fixed overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Total fixed overhead= Supervisory salaries + Building rent

Total fixed overhead= 60,000 + 80,000

Total fixed overhead= $140,000

Predetermined manufacturing overhead rate= 140,000 / 200,000

Predetermined manufacturing overhead rate= $0.7 per unit

Finally, the total predetermined overhead rate:

Predetermined manufacturing overhead rate= 0.75 + 0.7

Predetermined manufacturing overhead rate= $1.45 per unit

9 Given figures showing: Sales £8,200, Opening inventory £1,300, Closing inventory £900, Purchases £6,400, Carriage inwards £200, the cost of goods sold figure is (A) £6,800 (B) £6,200 (C) £7,000 (D) Another figure

Answers

Explanation:

the correct answer is

B)£6,200

and​ Associates, a law​ firm, paid $30000 for 12​ months' rent in advance on October 1 of the current year. The​ company's fiscal​ year-end is December 31. Prepare the journal entries for the rent payment on October 1 and the necessary adjusting journal entry on December 31. Omit explanations

Answers

Answer and Explanation:

The journal entries are shown below:

On Oct 1

Rent expense Dr $30,000

      to cash $30,000

(being cash paid)

Here rent expense is debited as it increased the expense and credited the cash as it decreased the assets

On Dec 31

Rent expense Dr ($30,000 × 9 ÷ 12) $22,500

     To prepaid rent $22,500

(being rent expense is recorded)

Here ent expense is debited as it increased the expense and credited the prepaid rent as it decreased the assets

Other Questions
I need help with 9-20 Use the correct form of the verb "ser" in the following sentences.Plz hurry I have to babysit soon. Thx En este mes, nuestro Per cumple 199 aos de independencia, estamos a un ao del bicentenario, por ello es muy importante refl exionar, tomar accin y comprometernos con el Per. Una forma es asumiendo nuestras responsabilidades frente al efecto invernadero. You invent of a new type of dog leash. You choose a market segmentation approach and decide to target the large national population of dog owners. After reviewing what identifies an ideal market you realize your segmentation approach does not meet any of the effective segmentation conditions. At this point you should: 2 6 + 3 * 4 2 + 7 * - 2 / Which of the following is not a universal theme that applies to the novel A Tree Grows in Brooklyn by Betty Smith? PLZ HELP ME Which of the following accurately descnbes the function of the nervous system? OA To help parts of the body communicate B. To prevent and fight disease C:To allow the body to move O D. To provide support for the body SUNT Which of the following intervals is the graph decreasing? what brings alma and celia together as neighbors and friends bi:combine each pair of sentences using enough...to V or enough for...to V1 the moon is very bright . we can play outdoor2 i have enough money . i can pay this bill3 my sister is old . she can driver a car A solid metal sphere of radius 3 m carries a total charge of -5.5 uc. What is the magnitude of theelectric field at a distance from the sphere's center of (a) 2.9 m and (b) 8 m? How would the answersdiffer if the sphere was (c) a thin shell.IN Four times an angle is equal to half of its supplement. Find the measures of both angles. 1. Open the start file EX2019-ChallengeYourself-9-3. The file will be renamed automatically to include your name. Change the project file name if directed to do so by your instructor, and save it.2. If the workbook opens in Protected View, click the Enable Editing button in the Message Bar at the top of the workbook so you can modify the workbook.3. Use Consolidate to create a summary of real estate sales for all property types. Place the consolidated data on the Summary worksheet in cells B3: C15. Use the Average function to consolidate the data from cells B2: C14 in the Condo, Townhouse, and Single Family worksheets. Include links to the source data.4. Import individual sales data from the tab-delimited text file Select Sales Data 2019-2020. Import the data as a table in cell A1 of the Select Sales worksheet.5. Remove the data connection when the import is complete.6. In the Select Sales worksheet, add data validation to restrict values in the House Type columns (cells B2: B139) to the values in the cell range named PropertyTypes. Include a drop-down list of values in the cells to assist in data correction.7. Add the following input message to cells B2:B139: Select a property type from the list.8. Add the following error alert to cells B2:B139: Not a valid property type.9. Apply data validation circles to any values that violate the data validation rules you just created.10. Add a comment to cell B1 in the Select Sales worksheet that reads: This needs to be fixed.11. Add a hyperlink from cell B1 in the Select Sales worksheet to link to the named range (defined name) PropertyTypes. Test the link.12. Use Flash Fill to add a new column of data to the Select Sales worksheet to display the number of bedrooms/the number of bathrooms.a. In the Select Sales worksheet, cell F1, type the heading: BR/BAb. Complete the column of data using this pattern in cell F2: 1 BR/1 BAYou will need to enter at least two samples in order for Flash Fill to suggest the correct autofill data. Check your work carefully. Sales Summary 2019-2020 Number of Sales Average Selling Price 123 One BR, One BA 4 One BR, Two BA + 5 Two BR, One BA 6 Two BR, Two BA 7 Two BR, Two BA + 8 Three BR, One BA 9 Three BR, Two BA 10 Three BR, Three BA + 11 Four BR, One BA 12 Four BR, Two BA 13 Four BR, Three BA+ 14 Five BR-. One BA 15 Five BR+ Two BA+ 16 17 18 19 20 21 22 23 24 how do you think earths large temperature gradient affects the speed of its convection currents how would this speed change if earths core was cooler Find the place value of 8 in 2456.1387.TenthsHundredthsThousandthsThousands 1. The product of two consecutive numbers is 42. What are the numbers? Fill in the blanks with suitable preposition:1. It suddenly became so dark as the train went ________ the tunnel. 2. The restaurant is ________ the bank and the post office. 3. What language do you speak ________ English? 4. You are not going out ________ you finish your homework 5. The book was written ________ Mark Twain. 6. I will show you the picture ________ the palace. 7. The TV is ________ the corner of the room. 8. Many of us eat ________ fork and spoon. 9. There is a good restaurant ________ the end of the street. 10. He is fond ________ TV. 11. The cat jumped ________ the fence. 12. He has a positive attitude ________ his work. 13. The artist dipped his brush ________ the bright colours. 14. What do you think ________ the concert? The value of (2+3)(2-3) is name any two organization working to solve drug abuse in nepal Find X in the picture Norma gives her elderly mother a ride to the grocery store once a week when she does her own grocery shopping. On a form at work, she lists this as a community service and hides the fact that it's her own mother she's helping because she knows her boss values volunteerism and actively encourages all employees to contribute to the community. When her boss praises her for her commitment to community service, Norma feels pleased and optimistic that she will soon get a raise. According to virtue-based ethics, why is Norma's action unethical?a. She is acting out of a sense of compassion and goodwill. b. She is prioritizing monetary gain over honesty. c. Lying is always wrong. d. She is not cultivating any virtues by helping her mother.