There are different aspect of process cost accounting. A characteristic of a process cost accounting system is Costs are accumulated by order.
Process costing is known to be a common accounting methodology. It helps one to evaluate or finds out and accumulates direct costs, and gives indirect costs of a manufacturing process.
This system is commonly used to give the cost to departments or processes particularly. It consist of all the allocation of direct material, labor, and other overheads.
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Compare and contrast the strategic planning process in public and non-profit organisations.
A public organization is one which focus on services to the public including public authority, state agency etc
A non-profit organization is one which focuses on a social cause (like religion, research, education) and not driven by profit.
In comparison, both the public and non-profit organisations uses the strategic plan to establish goals as well as to review operations.In contrast, the strategic planning in public and non-profit organisations is different because public organization is guided by government directives whereas the non-profit organization is guided by their mission and purpose.Read more about organization
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Howarth Manufacturing Company purchased equipment on June 30, 2017, at a cost of $800,000. The residual value of the equipment was estimated to be $50,000 at the end of a five year life. The equipment was sold on March 31, 2021, for $170,000. Howarth uses the straight- line depreciation method for all of its plant and equipment. Partial-year depreciation is calculated based on the number of months the asset is in service
Required:
1. Prepare the journal entry to record the sale.
2. Assuming that Howarth had instead used the double-declining balance method, prepare the journal entry to record the sale.
The journal entry that can be used to record the sale will be:
March 31, 2021.
Debit Cash $170000
Debit Accumulated Depreciation $562500
Debit Less on sales $67500
Credit Equipment $800000
When Howarth used the double-declining balance method, the journal entry to record the sale will be:
Debit Cash $170000
Debit Accumulated Depreciation $675584
Credit Gain on sales $45584
Credit Equipment $800000
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Assume that you have already completed a 5-year international assignment working for KPMG as a Tax Consultant in Singapore.
By using the relocation transition curve, you need to write an essay to make your own analysis and explain how you adapted to the new living and working environment.
Based on the information, it can be deduced that it's an indication of the uncertainty that exists in the Vietnamese cultural model.
From the complete information, Vietnam has low points in the avoidance index. This implies that they're less associated with their cultural roots and don't have concern for hiring white people.
Some of the solutions that can be applied for training the workers include providing them with ethical and language-based training and also encourage a team culture.
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In 2015 Paul Gauguin's painting When Will You Marry sold for $300 million. Portray this sale in a demand and supply diagram and comment on the elasticity of supply. Comedian George Carlin once mused, "If a painting can be forged well enough to fool some experts, why is the original so valuable?" Provide an answer.
Answer:
Answer: The original painting is valuable because there is demand tor it in the market The demand is derived demand because the buyer wants to show his status in the society, and it could only be possible by associating with it. He is also the ones
Because there is a market for it, the original painting is valuable. The buyer wants to demonstrate his social standing, which drives demand.
What is Law of demand ?According to the law of demand, the quantity bought varies inversely with price. In other words, if the price increases the demanded quantity decreases.
He is also the person who paid the most to reserve the painting. The individual who values it the highest will get it if there is only a limited supply on the market. Some people strongly prefer the original picture and would not pay for it even though there are duplicates on the market.
The demand will then increase significantly. The original picture is represented by the demand curve in the aforementioned graph. when there is only one surviving original master work At equilibrium, the market's price is high.
Hence the original painting's demand is high and quantity is less, that's why it is sold for $300 million.
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Cultural Change
The General Duty Clause imposes requirements on
Answer:
employer
Explanation:
The general duty clause imposes requirements on employer to provide every employee with a place of employment that are causing or a likely to cause death or serious Physical harms.
Interstate Manufacturing is considering either overhauling an old machine or replacing it with a new machine. Information about the two alternatives follows. Management requires a 10% rate of return on its investments.
Alternative 1: Keep the old machine and have it overhauled. This requires an initial investment of $150,000 and results in $50,000 of net cash flows in each of the next five years. After five years, it can be sold for a $15,000 salvage value.
Cost of old machine $111,000
Cost of overhaul 158,000
Annual expected revenues generated 106,000
Annual cash operating costs after overhaul 43,000
Salvage value of old machine in 5 years 16,000
Alternative 2: Sell the old machine for $29,000 and buy a new one. The new machine requires an initial investment of $300,000 and can be sold for a $20,000 salvage value in five years. It would yield cost savings and higher sales, resulting in net cash flows of $65,000 in each of the next five years.
Cost of new machine $291,000
Salvage value of old machine now 34,000
Annual expected revenues generated 94,000
Annual cash operating costs 22,000
Salvage value of new machine in 5 years 15,000
Required:
1. Determine the net present value of alternative 1.
2. Determine the net present value of alternative 2.
3. Which alternative should management select based on net present value?
1. The net present value of Alternative 1 is $90,755.
2. The net present value of Alternative 2 is $14,355 with the sale proceeds of the old machine.
3. Based on the net present value, Interstate Manufacturing should overhaul the old machine instead of replacing it with the new one.
Data and Calculations:
Required rate of return = 10%
Alternative 1 Alternative 2
Cost of old machine $111,000 ($29,000)
Cost of overhaul 158,000 $300,000
Expected annual revenues 106,000 94,000
Expected annual operating costs 43,000 22,000
Net cash flows for 5 yrs 63,000 72,000
Salvage value after 5 yrs 16,000 20,000
PV annuity factor of 10% for 5 years = 3.7908
PV factor of 10% for 5 years = 0.6209
Alternative 1 Alternative 2
PV value of annual net cash flows 238,820 272,937
PV value of Salvage value 9,935 12,418
Present value of cash inflows $248,755 $285,355
Cost of overhaul/Investment (158,000) (300,000)
Proceeds from the sale of old machine 29,000
Net present value $90,755 $14,355
Thus, based solely on the net present values of alternatives 1 and 2, Interstate Manufacturing should overhaul the old machine (alternative 1) because it yields a greater net present value than alternative 2.
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Brand equity is…………………?
Answer:
Brand equity, in marketing, is the worth of a brand in and of itself — i.e., the social value of a well-known brand name.
A reading researcher does what
Answer:
They reveal how the author(s) interpreted the findings of their research and presented recommendations or courses of action based on those findings.
Explanation:
One goal of the Occupy Movement was to encourage the practice of bank bailouts.
Group of answer choices
True
False
how price reaches equilibrium? give an example
Answer:
Coming back to our example: at the price p = 6 per pencil, the quantity that sellers want to sell is equal to 10, while the quantity demanded is equal to 5 and there is an excess supply of 10 - 5 = 5 units. ... Sellers will continue to lower their price until the market price reaches 4, the equilibrium price.
Explanation:
correct me if I'm wrong thank you
mark me brainliest thanks
#CARRYONLEARNINGPrices reach equilibrium when the quantity demanded is equal to the quantity supplied.
At equilibrium price, the quantity demanded is equal to the quantity supplied.
For example, if the following data for quantity demanded and supplied are provided, the equilibrium price is $5 because it is at this price that quantity demanded and supplied are equal.
Price Quantity demanded Quantity supplied
$1 10 5
$5 8 8
$9 5 10
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Prezario's has 25,000 shares of stock outstanding with a par value of $1 per share. The current market value of the firm is $847,000. Currently, the retained earnings account balance is $428,000 and the capital in excess of par value account balance is $187,000. The company just announced a 3-for-1 stock split. What is the common stock account balance after the stock split?
Based on the information given the common stock account balance after the stock split is $25,000.
Using this formula
Common stock account balance=Shares of stock outstanding× Par value
Where:
Shares of stock outstanding=25,000
Par value=$1
Let plug in the formula
Common stock account balance=25,000×$1
Common stock account balance=$25,000
Inconclusion the common stock account balance after the stock split is $25,000.
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$1,000 par value zero coupon bonds, ignore liquidity premiums Bond Years to maturity Yield to Maturity A 1 6.00% B 2 7.50% C 3 7.99% D 4 8.49% E 5 10.70% The expected one-year interest rate three years from now should be about _________. 8.00% 7.00 % 9.00% 10.00%
Niccolo is invited to help a program where, even though not mandated by the external environment, management requires teams to make big, up-front, and detailed scope commitments for every release. What three things can Niccolo do to best coach the decision-makers
The three things Niccolo can do to better train decision makers are Illustrate the power of feedback in content decision making, as well as emphasize the value of “Responding to Agile Manifesto changes.
Another thing Niccolo can do is explain the benefits of releasing at the end of the program increment.
Therefore, through these actions, Niccolo will help to incorporate an organizational attitude focused on compliance, process transparency and adaptation to the rapid environmental changes that impact the progress of a project.
Feedback generates greater decentralization of decision making, empowers and integrates the team, while the concepts of the agile manifesto make decision making more creative, faster and more focused on results.
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what is organization?
Answer:
An Organization or Organisation is entity such as a company, An institution or an association, Comprising one or more people and having a particular purpose. The word is derived from the a Greek word Organon, Which means tool or instrument, Musical instrument and organ....
...............................On 12/31/Year 1 Passey Co. acquired a 100% interest inSolomon Co. by exchanging 10000 shares of its common stock for100000 shares of Solomons common stock. The fair market value ofPasseys common stock on December 31 Year 1 was $9 per share andthe fair value of Solomons was $3.50 per share.Additional information as of December 31 Year 1 is as follows:
Solomon Co.
Book Values Fair Values
Current assets $115000 $115000
Plant assets 200000 255000
Liabilities 10000 10000
Passey Co.Plant assets$1700000 $1800000
Passeys consolidated financial statements as of December 31 Year1 would report plant assets at:__________.
i. $1700000
ii. $1800000
iii. $1955000
iv. $2055000
The consolidated financial statements of Passey Co. as of December 31, Year 1 would report plant assets at iii. $1,955,000.
Data and Calculations:
Passey Co.s shareholding in Solomon Co. = 100%
The fair value of Solomon's = $3.50
The fair value of Passey's = $9
Solomon Co.
Book Values Fair Values
Current assets $115,000 $115,000
Plant assets 200,000 255,000
Liabilities 10,000 10,000
Passey Co.
Plant assets $1,700,000 $1,800,000
Consolidated Plant Assets:
Passey Co. Solomon Co. Consolidated
Number of shares exchanged 10,000 100,000
Plant assets $1,700,000 $255,000 $1,955,000
Thus, the consolidated financial statements of Passsey Co. as of December 31, Year 1 would report plant assets at iii. $1,955,000.
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The difference between the lower class limits of adjacent classes provides?
Answer:
C
Explanation:
If a monopolist's production process has economies of scale and average cost exceeds marginal cost, then _____.
If a monopolist's production process has economies of scale and average cost exceeds marginal cost, then the government should make the price equal to the marginal cost.
Monopolies are businesses that are dominated by few people in the industry. They have little competition from others and have high barriers to entry.
They can sometimes reduce production to increase the price of their goods and services.
The government can regulate the activities of monopolies by making their price equal to the marginal cost.
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You sell used cars. The best car on your lot has 100,000 miles on it. How could you describe this car to a prospective buyer to make the purchase more attractive
xyz company's cost function for the next four months is c=500000+5q then
a) find the be dollar volume of sales if the selling price is br. 6/unit
b) what would be the company's cost if it decides to shutdown operations for the next four months
Answer:
Enter the following transactions into richard’s checkbook register and state his ending balance: date type description amount 03/01 check #204 blue sky apartments $455. 00 03/05 dep payroll automatic deposit $390. 36 03/08 debit benny’s hamburgers and fries $9. 20 03/15 check #205 car payment $251. 59 03/19 dep payroll automatic deposit $390. 36 a. $715. 79 b. $1,009. 81 c. $780. 72 d. $880. 24.
Help help help please I need this done ASAP
It should be noted that cost-push inflation will bring about a scenario where the output level will reduce.
Your information is incomplete. Therefore, an overview of the topic will be given. Cost-push inflation simply means an inflation that occurs when the prices of goods increase as a result of the increase in the factors of production.
It should be noted that cost-push inflation will bring about a scenario where the output level will reduce. This implies that inflation accelerates due to a widening negative output gap.
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What are your goals that you want to achieve in 5 years?
Answer:
Consider Why the Job Interests You
Research the Business
Don't Worry If You Don't Know What Kind of Career You Want to Pursue
Be Enthusiastic
Be Realistic
Explanation:
is the value of all goods in an economy using current prices during the year that they were produced
Nominal gross domestic production is the value of all goods in an economy using current prices during the year that they were produced.
What is nominal gross domestic production?This is the value of all goods and services an economy produces, which is done evaluating the GDP at current market prices.
Here, there is no adjustment for inflation in nominal gross domestic production.
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Accounting is used to communicate financial information to both internal audiences and external audiences. Internal users are:
a. Only people within a business's accounting and finance departments
b. People within the business like production managers
c. Suppliers that provide goods
d. Contractors that perform work for the business.
Accounting can be regarded as a term used in communicating financial information across to internal audiences as well as external audiences.
These Internal users are been regarded as people within the business, such as production manager.
These information help in making the financial aspect of the company to succeed.
Therefore, option B is correct.
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Help help buissness help help
Answer:
My best guess will have to be A
Explanation:
most research I did was talking about money stability
Answer:a control of money
Brown Co. had current assets of $15,000, total assets of $30,000 and current liabilities of $9,000 at the end of the year. The current ratio for the period is:
Based on the information given the current ratio for the period is: 1.67.
Using this formula
Current ratio=Current Assets/Current Liabilities
Where:
Current Assets=$15,000
Current Liabilities=$9,000
Let plug in the formula
Current ratio=$15,000/$9,000
Current ratio=1.666
Current ratio=1.67(Approximately)
Inconclusion the current ratio for the period is: 1.67.
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Explain why the government might prefer to provide incentives to private firms to do investment or research and development, rather than simply doing the spending itself?
Answer:
One explaination I have heard is that governments are organized for stability and order, which is good, but what they're not good at is creativity and efficiency. The private sector is better at innovation and speed of execuation.
Explanation:
This is only one possible answer of many. I would not consider this answer to be complete.
Which of the following marketing messages are consumers most likely to trust?
A. A TV commercial
B. An article about the company in a city newspaper
C. An Internet advertisement
D. A phone conversation with an employee of the company
Please select the best answer from the choices provided
Ο Α
B
ОООО
OD
Answer:
as a consumer myself, I would most likely trust an article about the company in the city newspaper or a conversation with an employee
Explanation:
The Copper Grill has the following current assets: cash, $11 million; receivables, $44 million; inventory, $45 million; and other current
assets $3 million. The Copper Grill has the following liabilities: accounts payable, $37 million; current portion of long-term debt, $6
million; and long-term debt, $11 million.
Based on these amounts, calculate the current ratio and the acid-test ratio.
Based on these amounts, calculate the current ratio and the acid-test ratio for The Copper Grill. (Round your answers to 2 decimal
places.)
The Copper Grill
Current ratio
Acid-test ratio
Answer:
Current ratio:
Current ratio=current assets/ current liabilities
Current assets= 11 million + 55 million +40 million + 6 million= 112 million
Current liabilities= 37 million + 8 million= 45 million
Current ratio= 112 million/ 45 million= 2.49
The current ratio is a liquidity ratio that assesses a firm's capacity to pay short-term or one-year obligations. It explains to investors and other stakeholders how a firm might use current assets on its balance sheet to pay off current debt and other obligations.
The current ratio is called "current" because it includes all current assets and liabilities, unlike many other liquidity ratios. The working capital ratio is another name for the current ratio.
Analysts determine the ratio by comparing a company's current assets and liabilities. Cash, accounts receivable, inventory, and other current assets (OCA) that are projected to be liquidated or converted into cash in less than one year are reported as current assets on a firm's balance sheet. Accounts payable, wages, taxes payable, short-term loans, and the current portion of long-term debt are all examples of current liabilities.
Acid-test ratio
Acid test ratio= quick assets/ current liabilities
Quick assets= 11 million+ 55 million= 66 million
Current liabilities= 45 million
Acid test ratio= 66 million/ 45 million= 1.47
The acid-test ratio (ATR), also known as the quick ratio, calculates how well current assets can pay current obligations to determine a company's liquidity. Only the most liquid current assets that can be turned into cash in 90 days or less are used in the quick ratio.
The quick ratio is computed by dividing the total cash and equivalents, accounts receivables, and marketable investments by current liabilities.
Companies should aim for a ratio of 1.0 or above, indicating that they have sufficient current assets to meet their short-term debt commitments or expenses.
Explanation:
Current ratio= 112 million/ 45 million= 2.49
Acid test ratio= 66 million/ 45 million= 1.47
The current ratio and the acid-test ratio for The Copper Grill are 2.60 and 1.55 respectively.
What is a good current ratio?A healthy current ratio is between 1.2 and 2, indicating that the company has twice as many current assets as liabilities to cover its debts. A current ratio of less than one indicates that the company lacks sufficient liquid assets to satisfy its short-term liabilities.
Given
cash, $11 million
receivables, $44 million;
inventory, $45 million
other current assets $3 million
accounts payable, $37 million;
current portion of long-term debt, $6 million
long-term debt, $11 million
Required to Calculate the Current ratio and Acid-test ratio =?
Current ratio = Current Assets / Current Liability
Current Assets = cash + receivables + inventory + other current assets
= 11 + 44 + 45 + 3 = $112 million
Current Liability = accounts payable + current portion of long-term debt
= 37 + 6 = $43 million
Current ratio = Current Assets / Current Liability
Current ratio = 112 / 43 = 2.60
Acid-test ratio = Current Assets - Inventory / Current Liability
= 112 - 45 / 43
Acid-test ratio = 1.55
Thus, The Copper Grill's current ratio and acid-test ratio are 2.60 and 1.55, respectively. The current ratio calculates a company's ability to pay short-term or current liabilities, such as payables and loans, with short-term or current assets, such as receivables, inventories, and cash.
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For each situation below, state whether it is an example of the income effect changing quantity demanded or an example of a change in income shifting demand.
a. The mean income in Detroit rises and people purchase more homes. _______________
b. The price of frozen pizza decreases, making frozen pizza more popular among college students. ______________
c. A recession forces many people out of work and more people purchase ramen noodles than before. ____________
d. An increase in the price of game consoles decreases sales, as fewer people can afford them. _______________
The following are examples of the the income effect changing quantity demanded :
The price of frozen pizza decreases, making frozen pizza more popular among college students.An increase in the price of game consoles decreases sales, as fewer people can afford themThe following are examples of a change in income shifting demand:
The mean income in Detroit rises and people purchase more homes.A recession forces many people out of work and more people purchase ramen noodles than before.The income effect leading to a change in quantity demanded arises when a change in the price of the good changes. Here purchasing power changes yet money income remains constant. The income effect leads to movement among the demand curve for the good.
A change in income that leads to a shift in demand occurs when there is a change in income leading to either an outward or inward shift of the demand curve.
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William buys land for $40,000 cash. Ten years later, when the land has dropped in value to $30,000, William sells it to his wife Susan at its fair market value, $30,000. What are the income tax consequences to William of the sale to his wife
The income tax consequences to William on the sale is that he realizes loss in the amount of $10,000 but does not recognize that loss.
Realized loss = Purchase cost - Sales cost
Realized loss = $40,000 - $30,000
Realized loss = $10,000
Hence, the income tax consequences to William on the sale is that he realizes loss in the amount of $10,000 but does not recognize that loss.
Therefore, the Option A is correct.
Missing options includes "William realizes and recognizes loss in the amount of $10,000. William realizes and recognizes zero gain or loss. William realizes loss in the amount of $10,000 but does not recognize that loss. None of the above."
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