Cody Mountain Sports is an outdoor sporting goods guiding service located in northern Wyoming. Cody Mountain Sports (CMS) primarily provides guiding for common outdoor sporting activities such as rock climbing, hiking, and skiing. CMS completed the following adjusting transactions during March of 2021:

Mar. 1 CMS began operations by receiving $100,000 in cash. The business issued shares of common stock in exchange for this contribution.
Mar. 1 CMS paid $1,200 cash for a 12 month insurance policy. The policy begins Mar. 1.
Mar. 4 CMS guided a small rock climbing trip, receiving $20,000 payment in cash.
Mar. 15 CMS guided a hiking adventure, billing the customer $3,000 and receiving a promise of payment within one week.
Mar. 18 Accrued employee salaries of $10,000.
Mar. 19 Purchased fuel for vehicles on account, $1,000
Mar. 22 Collected $3,000 cash from customer on account.
Mar. 24 Paid rent on their property, $4,000 cash.
Mar. 27 Paid $1,000 cash on account.
Mar. 31 Cash dividends of $2,500 were paid to stockholders.

Required:
Post these transactions to the T-accounts.

Answers

Answer 1

Answer:

Cody Mountain Sports (CMS)

T-accounts:

Cash

Date       Account Titles               Debit    Credit

Mar. 1     Common Stock       $100,000

Mar. 1     Prepaid Insurance                     $1,200

Mar. 4    Service Revenue       20,000

Mar. 19  Vehicle Expenses                       1,000

Mar. 22 Accounts Receivable  3,000

Mar. 24 Rent Expense                            4,000

Mar. 27 Salaries Payable                         1,000

Mar. 31 Cash dividends                          2,500

Accounts Receivable

Date       Account Titles               Debit    Credit

Mar. 15   Service Revenue       $3,000

Mar. 22  Cash                                          $3,000

Prepaid Insurance

Date       Account Titles               Debit    Credit

Mar. 1     Cash                             $1,200

Salaries Payable

Date       Account Titles               Debit    Credit

Mar. 18   Salaries Expense                     $10,000

Mar. 27  Cash                             $1,000

Common Stock

Date       Account Titles               Debit    Credit

Mar. 1     Cash                                       $100,000

Service Revenue

Date       Account Titles               Debit    Credit

Mar. 4    Cash                                         $20,000

Mar. 15  Accounts Receivable                   3,000

Salaries Expense

Date       Account Titles               Debit    Credit

Mar. 18   Salaries Payable        $10,000

Vehicle Expense

Date       Account Titles               Debit    Credit

Mar. 19   Cash                             $1,000

Rent Expense

Date       Account Titles               Debit    Credit

Mar. 24  Cash                             $4,000

Cash Dividends

Date       Account Titles               Debit    Credit

Mar. 31   Cash                           $2,500

Explanation:

a) Data and Analysis:

Mar. 1 Cash $100,000 Common Stock $100,000

Mar. 1 Prepaid Insurance $1,200 Cash $1,200

Mar. 4 Cash $20,000 Service Revenue $20,000

Mar. 15 Accounts Receivable $3,000 Service Revenue $3,000

Mar. 18 Salaries Expense $10,000 Salaries Payable $10,000

Mar. 19 Vehicle Expenses $1,000 Cash $1,000

Mar. 22 Cash $3,000 Accounts Receivable $3,000

Mar. 24 Rent Expense $4,000 Cash $4,000

Mar. 27 Salaries Payable $1,000 Cash $1,000

Mar. 31 Cash dividends $2,500 Cash $2,500


Related Questions

The entry to record the issuance of 150 shares of $5 par common stock at par to an attorney in payment of legal fees for organizing the corporation includes a credit to:________. a. Goodwill b. Organizational Expenses c. Cash d. Common Stock

Answers

Answer: D. Common stock

Explanation:

Common stock refers to the security which represents ownership in a corporation.

The entry to record the issuance of 150 shares of $5 par common stock at par to an attorney in payment of legal fees for organizing a corporation includes a credit to the common stock.

Assume that IBM is expected to pay a total cash dividend of $5.60 next year and that dividends are expected to grow at a rate of 5% per year forever. Assuming annual dividend payments, what is the current market value of a share of IBM stock if the required return on IBM common stock is 10%?

Answers

Answer: $112

Explanation:

The following information can be gotten from the question:

Growth Rate = 5%

Dividend at end of year,D1 = 5.60

Required return, ke = 10%

Then, the current market value will be:

P0 = De/(ke-g)

= 5.60/(10% - 5%)

= 5.60 / 5%

= 5.60/0.05

= $112

Therefore, the current market value of a share of IBM stock is $112.

phân tích các thành phần trong hệ sinh thái khởi nghiệp

Answers

Answer:

yes

Explanation:

Courington Detailing's cost formula for its materials and supplies is $1,920 per month plus $11 per vehicle. For the month of August, the company planned for activity of 87 vehicles, but the actual level of activity was 52 vehicles. The actual materials and supplies for the month was $2,130. The materials and supplies in the flexible budget for August would be closest to:_________.
a. $2,130
b. $1,627
c. $2,877
d. $2,492

Answers

I think c cause I think if you add then minus you get that answer

You must evaluate the purchase of a proposed spectrometer for the R&D department. The base price is $160,000, and it would cost another $40,000 to modify the equipment for special use by the firm. The equipment falls into the MACRS 3-year class and would be sold after 3 years for $80,000. The applicable depreciation rates are 33%, 45%, 15%, and 7%. The equipment would require a $7,000 increase in net operating working capital (spare parts inventory). The project would have no effect on revenues, but it should save the firm $52,000 per year in before-tax labor costs. The firm's marginal federal-plus-state tax rate is 40%.

Required:
a. What is the initial investment outlay for the spectrometer, that is, what is the Year 0 project cash flow?
b. What are the project's annual cash flows in Years 1, 2, and 3?

Answers

Answer:

a.

$207,000

b.

Year 1: $57,600

Year 2: $67,200

Year 3: $30,000

Explanation:

a.

Calculate the initial outlay of the project at year 0 as follow

Initial Outlay = Base Price + Modification cost + Working Capital requirement

Initial Outlay = $160,000 + $40,000 + $7,000

Initial Outlay = $207,000

b.

The working for the calculation of the cash flow is attached with this answer, please refer to the attached file.

Phân tích việc Chính phủ sử dụng chính sách tài khóa tác động như thế nào đến nền kinh tế trong đại dịch

Answers

Answer: Chính phủ sẽ can thiệp bằng cách dùng gói cứu trợ và nới lỏng thuế cho cá nhân, hộ gia đình, và các doanh nghiệp

Explanation:  gói cứu trợ cho hộ gia đình, các kinh doanh nhỏ, vừa và cả lớn để kích thích nền kinh tế, tăng tổng nguồn cung của đất nước đó. Mặt khác, các cá nhân, hộ gia đình cũng sẽ tăng nhu cầu khi được cứu trợ thêm lương và các khoản chi tiêu khác, giúp nền kinh tế hoạt động trở lại trong đại dịch. Bên cạnh đó, các thuế cũng được giảm xuống để thu hút  cá nhân, doanh nghiệp, và các ngành công nghiệp khác đầu tư vào nguồn nhân lực, cơ sở hạ tầng, cũng từ đó tạo thêm được nhiều việc làm cho nhiều công nhân. Chính Phủ cũng có thể đầu tư số tiền vào các dịch vụ công như là xây dựng đường xá, cầu vượt, giúp tăng thêm việc làm và nguồn thu nhập cho người dân, dẫn đến việc hiệu ứng nhân đôi kép. Tất cả những việc này sẽ giúp cho nền kinh tế của một quốc gia hồi phục nền kinh tế bằng sự can thiệp của Chính Phủ và nới lỏng thuế.

An investigator planning to study behavioral changes during alcohol intoxication will pay subjects $600 for 6 hours of testing that includes drinking a moderate level of alcohol and completing several written questionnaires. He plans to recruit college students taking his courses, as well as economically disadvantaged and homeless people. Which of the following is the most important for the investigator to address before submitting the protocol to the IRB?

a. Potential undue influence or coercion of subjects
b. Method of payment to subjects
c. Forms of advertising for subject recruitment
d. Literacy of homeless subjects

Answers

Answer:

Potential undue influence or coercion of subjects

Explanation:

In research, offering to pay participant can can in a huge way influence a research the subject's decision making in consenting to the research. Without payment, the said subject may decide to participate or not. researchers do often recruit subjects without offering payments, with volunteer subjects participating completely for altruistic rewards ot free will. sometimes research projects do offer remuneration to thd subjects so as to compensate them for their time, inconvenience, discomfort etc. So as to attract a good numbers of subjects.

Coercion

This occurs as a result of overt threat of harm. This is done intentionally by one person to another in order to get compliance to whatever they may say.

Undue influence

This simply occurs also due to throughout offer of an excessive, unwarranted, inappropriate or improper reward so as to get the needed compliance.

4. Suppose that a baseball player signs a five-year contract for $1 million per year. In the third year of the contract, the player hits more home runs than anyone else in the league. Now he demands to renegotiate his salary. Does efficiency require the law to enforce the original contract or set it aside

Answers

Answer:

hla nsooue do p

Explanation:

nospr que

The efficiency require the law to enforce the original contract or set it aside of the modified with to apply all the conditions and the terms in the contract. As the continued of the maturity of the time period. The both parties are the accepted, they are the signed of the contract.

What is contract?

An agreement between two or more people to do something is referred to as a contract. Two or more parties must agree to the terms of the agreement in order to create a legally binding commitment. A contract was the deal with the two parties are the agreed to the terms and the conditions.

There are all the parties are the contract to modifies the contract are included the terms and the conditions as the applicable was the both parties are agreed. The contract must be accepted and the singed. The contract was the based to the both parties mutual understanding. The both the parties are not agreed are there was they not approved the legal contract.

Learn more about on contract, here:

https://brainly.com/question/2669219

#SPJ2

why is keystone so bad

Answers

Answer:

Keystone XL would be bad for wildlife, especially endangered species. Also without Keystone XL, the same amount of bitumen will be produced and the U.S. will still get all of it through the other pipeline projects. Keystone is not needed!

Explanation:

New lithographic equipment, acquired at a cost of $800,000 at the beginning of a fiscal year, has an estimated useful life of five years and an estimated residual value of $90,000. The manager requested information regarding the effect of alternative methods on the amount of depreciation expense each year. On the basis of the data presented to the manager, the double-declining-balance method was selected. In the first week of the fifth year, the equipment was sold for $135,000. Required: 1. Determine the annual depreciation expense for each of the estimated five years of use, the accumulated depreciation at the end of each year, and the book value of the equipment at the end of each year by (a) the straight-line method and (b) the double declining- balance method. 2. On January 1, journalize the entry to record the sale. Refer to the Chart of Accounts for exact wording of account titles. 3. On January 1, journalize the entry to record the sale, assuming that the equipment was sold for $88,750 instead of $135,000. Refer to the Chart of Accounts for exact wording of account titles.

Answers

Answer:

Alternative Depreciation Methods

(a) the straight-line method calculations:

Annual depreciation expense for each of the five years of use = $142,000 ($710,000/5)

(b) the double declining- balance method calculations:

Depreciation rate = 100%/5 * 2 = 40%

1st year Depreciation = $320,000 ($800,000 * 40%)

2nd year Depreciation = $192,000 ($480,000 * 40%)

3rd year Depreciation = $115,200 ($288,000 * 40%)

4th year Depreciation = $69,120 ($172,800 * 40%)

5th year Depreciation = $13,680 ($103,680 - $90,000)

2. Journal Entries (double-declining-balance method):

Debit Sale of Equipment $800,000

Credit Equipment $800,000

To transfer the equipment to Sale of Equipment account.

Debit Accumulated Depreciation $696,320

Credit Sale of Equipment $696,320

To transfer the accumulated depreciation to Sale of Equipment account.

Debit Cash $135,000

Credit Sale of Equipment $135,000

To record the proceeds from the sale of the equipment.

3. Journal Entries (double-declining-balance method):

Debit Sale of Equipment $800,000

Credit Equipment $800,000

To transfer the equipment to Sale of Equipment account.

Debit Accumulated Depreciation $696,320

Credit Sale of Equipment $696,320

To transfer the accumulated depreciation to Sale of Equipment account.

Debit Cash $88,750

Credit Sale of Equipment $88,750

To record the proceeds from the sale of the equipment.

Explanation:

a) Data and Calculations:

Cost of the new lithographic equipment = $800,000

Estimated useful life = 5 years

Estimated residual value = $90,000

Depreciable amount = $710,000 ($800,000 - $90,000)

Sales proceeds in the first week of the fifth year = $135,000

Ayala Architects incorporated as licensed architects on April 1, 2017. During the first month of the operation of the business, these events and transactions occurred:

Apr. 1 Stockholders invested $18,270 cash in exchange for common stock of the corporation.
1 Hired a secretary-receptionist at a salary of $381 per week, payable monthly.
2 Paid office rent for the month $914.
3 Purchased architectural supplies on account from Burmingham Company $1,320.
10 Completed blueprints on a carport and billed client $1,929 for services.
11 Received $711 cash advance from M. Jason to design a new home.
20 Received $2,842 cash for services completed and delivered to S. Melvin.
30 Paid secretary-receptionist for the month $1,524.
30 Paid $305 to Burmingham Company for accounts payable due.

Required:
Journalize the transaction.

Answers

Answer:

Ayala Architects

General Journal

April 1

Debit  : Cash $18,270

Credit : Common Stock $18,270

April 1

Debit  : Salaries expense ($381 x 4) $1,524

Credit : Salaries Payable $1,524

April 2

Debit  : Rent expense $914

Credit : Cash $914

April 3

Debit  : Supplies $1,320

Credit : Accounts Payable - Burmingham Company  $1,320

April 10

Debit  : Accounts Receivable $1,929

Credit : Service Revenue $1,929

April 11

Debit  : Cash  $711

Credit : Deferred Revenue

April 20

Debit  : Cash $2,842

Credit : Service Revenue $2,842

April 30

Debit  : Salaries expense $1,524

Credit : Cash $1,524

April 30

Debit  : Accounts Payable - Burmingham Company $305

Credit : Cash $305

Explanation:

Journal entry for the transactions have been prepared above.

You are planning to save for retirement over the next 30 years. To save for retirement, you will invest $800 per month in a stock account in real dollars and $400 per month in a bond account in real dollars. The effective annual return of the stock account is expected to be 11 percent, and the bond account will earn 7 percent. When you retire, you will combine your money into an account with an effective return of 9 percent. The returns are stated in nominal terms. The inflation rate over this period is expected to be 4 percent.

How much can you withdraw each month from your account in real terms assuming a 25-year withdrawal period? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)




What is the nominal dollar amount of your last withdrawal? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

Answer:

Amount that can be withdrawn each month:

$6,342.06

Nominal dollar amount of last withdrawal:

$54,835.61

Explanation:

These look to be the correct answers, let me know if you would like for me to show my work!

Kemp Manufacturing set 70,000 direct labor hours as the annual capacity measure for computing its predetermined variable overhead rate. At that level, budgeted variable overhead costs are $315,000. Kemp will apply budgeted fixed overhead of $140,400 on the basis of 3,900 budgeted machine hours for the year. Both machine hours and fixed overhead costs are expected to be incurred evenly each month. During March 2013, Kemp incurred 5,900 direct labor hours and 300 machine hours. Actual variable and fixed overhead were $26,325 and $11,400, respectively. The standard times allowed for March production were 5,980 direct labor hours and 290 machine hours.

Required:
a. Using the four-variance approach, determine the overhead variances for March 2013.
b. Prepare all journal entries related to overhead for Kemp Manufacturing for March 2013.

Answers

Answer:

Kemp Manufacturing

a. Four-variance approach to determine overhead variances for March 2013:

i. Variable overhead spending variance

= (Actual hours worked × Actual variable overhead rate) – (Actual hours worked × Standard variable overhead rate)

= $225 F ($26,325 - $26,550)

ii. Variable overhead efficiency variance

= (standard hours allowed for production – actual hours taken) × standard overhead absorption rate per hour

= $360 F (5,980 - 5,900) * $4.5

iii. Fixed overhead spending variance = actual fixed overhead cost - budgeted fixed overhead cost

= $600 U ($11,400 - $10,800)

iv. Fixed overhead production volume variance = budgeted fixed overhead - applied fixed overhead costs

= $360 U ($10,440 - $10,800)

b. Journal Entries:

Manufacturing Overheads:

Debit Manufacturing Overhead $26,325

Debit Overapplied Variable Overhead 225

Credit Manufacturing Overhead Applied $26,550

To record variable overhead costs.

Debit Manufacturing Overhead $11,400

Credit Manufacturing Overhead Applied $10,800

Credit Underapplied Fixed Overhead $600

To record fixed overhead costs.

Explanation:

a) Data and Calculations:

Annual Capacity:

Direct labor hours = 70,000

Budgeted variable overhead costs = $315,000

Standard variable overhead rate = $4.50 ($315,000/70,000)

Fixed overhead = $140,400

Budgeted machine hours for the year = 3,900

Standard fixed overhead rate = $36 ($140,400/3,900)

March 2013:

Actual direct labor hours = 5,900

Machine hours = 300

Actual variable overhead = $26,325

Actual variable overhead rate per DLH = $4.462 ($26,325/5,900)

Actual fixed overhead = $11,400

Actual fixed overhead rate = $38 ($11,400/300)

Standard machine hours = 290

Standard direct labor hours = 5,980

Mar. 1 CMS began operations by receiving $100,000 in cash. The business issued shares of common stock in exchange for this contribution. Mar. 1 CMS paid $1,200 for a 12 month insurance policy. The policy begins Mar. 1. Mar. 4 CMS guided a small rock climbing trip, receiving $20,000 payment in cash. Mar. 22 Collected $3,000 cash from customer on account. Mar. 24 Paid rent on their property, $4,000 cash. Mar. 27 Paid $1,000 cash on account. Mar. 31 Cash dividends of $2,500 were paid to stockholders.Prepare the bank reconciliation at March 31, 2021.
Journalize any required entries from the bank reconciliation.
Prepare a cash t-account to verify the balance of the account matches the adjusted book balance from the bank.

Answers

Answer:

Reconciled Bank Balance $114,300.

Explanation:

Cash for operations $100,000

Less: Insurance policy subscription $1,200

Add: Fee for services $20,000

Add: Cash Collection $3,000

Less: Rent expense $4,000

Less: Payment on account $1,000

Less: Cash Dividends paid $2,500

Reconciled Balance $114,300

The following labor standards have been established for a particular product:

Standard labor hours per unit of output 4.4 hours
Standard labor rate $16.70 per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked 5,200 hours
Actual total labor cost $87,360
Actual output 1,100 units

Required:
a. What is the labor rate variance for the month?
b. What is the labor efficiency variance for the month?

Answers

Answer:

See below

Explanation:

a. Labor rate variance for the month

= (SR - AR) × AH

= ($16.70 - ($87,360/5,200 hours)) × 5,200

= ($16.70 - $16.8) × 5,200

= $520 Unfavourable

b. Labor efficiency variance

= (SH - AH) × AR

(4.4 × 1,100) - 5,200) × $16.70

= (4,840 - 5,200) × $16.70

= $6,012 Unfavourable

What is penetration pricing?

Answers

Explanation:

Penetration pricing is a marketing strategy used by businesses to attract customers to a new product or service by offering a lower price during its initial offering.

Answer:

lowering prices for lower market share

Explanation:

something along those lines

Cho e hỏi các vấn đề của chuỗi cung ứng thực phẩm trong kinh doanh ẩm thực và cách khắc phục ạ
Mong mọi người giúp đỡ e ạ

Answers

Answer: Dưới nhu cầu thưởng thức các loại thực phẩm đa dạng, tươi ngon vào bất kỳ thời điểm nào trong năm, chuỗi cung ứng thực phẩm đã phải mở rộng hơn nhiều về mặt địa lý và buộc phải thông qua nhiều nhà cung cấp hơn. Điều này đã làm cho nghiệp vụ quản lý chuỗi cung ứng ngành thực phẩm trở nên cồng kềnh và phức tạp hơn bao giờ hết.  Các nhà sản xuất, nhà phân phối hay các nhà cung cấp dịch vụ logistics theo đó cũng phải chịu những áp lực không nhỏ để đưa các sản phẩm thực phẩm ra thị trường một cách nhanh chóng, an toàn và trong điều kiện tốt nhất có thể.  Một chuỗi cung ứng thực phẩm điển hình bao gồm sáu giai đoạn:

1. Tìm nguồn cung cấp nguyên liệu thô

2. Sản xuất

3. Chế biến và đóng gói

4. Lưu trữ

5. Phân phối bán buôn

6.Phân phối bán lẻ

Explanation:

1. Bên cạnh đó mọi vấn đề liên quan đến giá trị sản xuất đều gặp những khó khăn nhất định, một trong những vấn đề mà mọi doanh nghiệp hay cá nhân tham gia vào chuỗi cung ứng thực phẩm đều phải lo ngại về vấn đề ( Tìm nguồn cung cấp nguyên liệu thô). Vấn đề truy xuất và đảm bảo nguồn thực phẩm sạch là vấn đề cần cân nhắc đầu tiên,  đi đôi đó là phải đảm bảo phù hợp với mô hình kinh doanh của doanh nghiệp, phù hợp với điều kiện kinh tế.

May mắn thay chúng ta đang sống ở thời đại 4.0  việc truy xuất nguồn gốc nguyên liệu đã không còn nhiều thách thách bởi việc áp dụng công nghệ vào việc truy xuất nguyên liệu rất dễ dàng ví dụ thông qua mã code, mã QR... bằng vài một thao tác đơn giản cũng có thể truy xuất nguồn gốc nguyên liệu nhanh, hiệu quả, tiết kiết chi phí đi lại xác minh. Vấn đề thứ hai là đảm bảo nguồn nguyên liệu thô được xử lý an toàn đã và đang ngày càng không còn là thách thức. Bởi việc ứng dụng công nghệ vào xử lý nguyên liệu thô vừa nhanh chóng, chính xác hiệu quả, ví dụ ngay từ khâu thu hoạch nguyên liệu thô các may móc đã hỗ trợ giúp đảm bảo nguồn nguyên liệu đầu vào đều và chính xác. Các khâu gieo trồng hay xử lý cũng được giúp ngắn và khoa học nhờ có ứng dụng công nghệ, khoa học. Nhưng đi bên cạnh là chi phí cao để đảm bảo chất lượng.

Bên cạnh đó việc xây dựng một mạng lưới về chuỗi cung ứng  thực phẩm trong kinh doanh là một việc vô cùng quan trọng, quyết định sự phát triển của cả doanh nghiệp. Mặc dù là một loại công nghệ vẫn chưa được sử dụng rộng rãi trong ngành công nghiệp thực phẩm, nhưng blockchain được nhiều lãnh đạo coi là một công nghệ đầy hứa hẹn cho phép truy xuất nguồn gốc trong chuỗi cung ứng thực phẩm.

Công nghệ blockchain là một nền tảng số chung, nơi người dùng có thể lưu trữ và chia sẻ thông tin qua một mạng lưới tổng. Hệ thống này cho phép người dùng xem tất cả các giao dịch cùng một thời điểm trong thời gian thực. Một trong những lợi thế chính của blockchain là một khi thông tin được thêm vào hệ thống, thông tin đó sẽ được phân phối nội bộ trong mạng lưới và được lưu trữ cố định trong đó vĩnh viễn. Thông tin do vậy sẽ không thể bị tấn công, thao túng hoặc bị hư hại bởi bất kỳ cách nào.  

2. Tiếp đó là thách thức chi phí vận hành chuỗi cung ứng tăng cao

Điều hành một chuỗi cung ứng thực phẩm sẽ tiêu tốn nhiều loại chi phí, một số chi phí quan trọng bao gồm:  Chi phí điện và nhiên liệu,  Chi phí logistics, vận chuyển hàng hóa , Chi phí nhân công , Chi phí đầu tư vào công nghệ mới

Những chi phí này rất đáng kể, do vậy, việc theo dõi chi phí hoạt động thường xuyên là một thách thức cho các doanh nghiệp ngành thực phẩm.

Cho nên giải pháp hữu hiệu nhất đó là Bước đầu tiên để kiểm soát chi phí là phải hiểu rõ các loại chi phí hiện có trong hoạt động doanh nghiệp. Trong các chuỗi cung ứng đơn giản, điều này có thể được thực hiện bằng các công cụ bảng tính. Nhưng ở nếu chuỗi cung ứng ngày càng trở nên phức tạp, doanh nghiệp sẽ cần một giải pháp công nghệ. Doanh nghiệp nên nâng cấp công nghệ của mình, những công việc như gửi tệp bảng tính qua email hay gọi điện báo tin cần được loại bỏ.

Một lưu ý khác là nếu các lãnh đạo quá quan tâm đến việc tiết kiệm chi phí thì tính hiệu quả và sự phát triển lâu dài của doanh nghiệp có thể bị kìm hãm. Một giải pháp công nghệ “đắt tiền”, ví dụ đó là đẩy mạnh mảng truyền trông marketing sản phảm, xâm nhập thị trường khôn ngoan bằng công nghệ mới, mặt hàng mới tác dụng mới, có thể mang lại lợi tức đầu tư đáng kể và tiết kiệm rất nhiều loại chi phí về lâu dài. Từ đó, doanh nghiệp vận hành hiệu quả và trở nên hấp dẫn hơn trong mắt các khách hàng.

Trên đây là những vấn đề cơ bản mà mình nghĩ sẽ giúp ích cho bạn từ kinh nghiệp của bản thân cũng như những kinh nghiệm mà mình học hỏi được. Mong rằng sẽ giúp ích cho bạn. Mình chỉ muốn khuyên là hãy trở thành  nhà đầu tư, kinh doanh khôn ngoan, sáng tạo.

Fleming Sign Company uses the allowance method in accounting for uncollectible accounts. Past experience indicates that 6% of accounts receivable will eventually be uncollectible. Selected account balances at December 31, 2017, and December 31, 2018, appear below:

12/31/14 12/31/15
Net Credit Sales $400,000 $500,000
Accounts Receivable 60,000 80,000
Allowance for Doubtful Accounts 5,200 ?

Record the following events in 2015.

Aug. 10 Determined that the account of Sue King for $800 is uncollectible.
Sept. 12 Determined that the account of Tom Young for $3,700 is uncollectible.
Oct. 10 Received a check for $500 as payment on account from Sue King, whose account had previously been written off as uncollectible. She indicated the remainder of her account would be paid in November.
Nov. 15 Received a check for $300 from Sue King as payment on her account.

Answers

Answer:

a) Aug. 10

Dr Allowance for Doubtful Accounts $800

Cr Accounts Receivable—Sue King $800

Sept. 12

Dr Allowance for Doubtful Accounts $3,700

Cr Account Receiveble- Tom young $3,700

Oct. 10

Dr Accounts Receivable— Sue King $800

Cr Allowance for Doubtful Accounts $800

Dr Cash $500

Cr Accounts Receivable— Sue King $500

(To record collection on account)

Nov. 15 Cash $300

Cr Accounts Receivable— Sue King $300

(b) Dec. 31

Dr Bad Debt Expense $30,000

Cr Allowance for Doubtful Accounts $30,000

(c) $38,900

Explanation:

a) Preparation of the journal entry

Aug. 10

Dr Allowance for Doubtful Accounts $800

Cr Accounts Receivable—Sue King $800

(To write off Sue King account)

Sept. 12

Dr Allowance for Doubtful Accounts $3,700

Cr Account Receiveble- Tom young $3,700

(To write off Tom Young account)

Oct. 10

Dr Accounts Receivable— Sue King $800

Cr Allowance for Doubtful Accounts $800

(To reinstate Sue King account previously written off)

Dr Cash $500

Cr Accounts Receivable— Sue King $500

(To record collection on account)

Nov. 15 Cash $300

Cr Accounts Receivable— Sue King $300

(To record collection on account)

(b) Preparation of the adjusting journal entry to record the bad debt provision for the year ended December 31, 2015.

Dec. 31

Dr Bad Debt Expense $30,000

($500,000 ×6%)

Cr Allowance for Doubtful Accounts $30,000

(To record estimate of uncollectible accounts)

(c) Calculation to determine the balance of Allowance for Doubtful Accounts at December 31, 2015

Balance of Allowance for Doubtful Accounts at December 31, 2015= ($5,200 – $800 – $3,700 + $800 + $30,000)

Balance of Allowance for Doubtful Accounts at December 31, 2015=$38,900

Therefore the balance of Allowance for Doubtful Accounts at December 31, 2015 is $38,900

The following information was available from the inventory records of Rich Company for January:
Units Unit Cost Total Cost
Balance at January 1 9,000 $9.77 $87,930
Purchases:
January 6 6,000 10.30 61,800
January 26 8,100 10.71 86,751
Sales:
January 7 (7,500)
January 31 (11,100)
Balance at January 31 4,500
A. Assuming that Rich does not maintain perpetual inventory records, what should be the inventory at January 31, using the weighted-average inventory method, rounded to the nearest dollar?
a. $47,270.
b. $46,067.
c. $46,170.
d. $46,620.
B. Assuming that Rich maintains perpetual inventory records, what should be the inventory at January 31, using the moving-average inventory method, rounded to the nearest dollar?
a. $47,270.
b. $46,067.
c. $46,170.
d. $46,620.
Please EXPLAIN answer for a thumps-up. I'm tried of wrong answers, please don't answer it unless you are 100% sure.

Answers

Answer:

A. The correct option is b. $46,067.

B. The correct option is d. $46,620.

Explanation:

Note: The data in this question are merged together. They are therefore sorted before answering the question. See the attached pdf file for the complete question with the sorted data.

The explanation of the answers is now given as follows:

A. Assuming that Rich does not maintain perpetual inventory records, what should be the inventory at January 31, using the weighted-average inventory method, rounded to the nearest dollar?

Note: See part A of the attached excel file for the calculation of the of units and cost of goods available for sale.

Since Rich does not maintain perpetual inventory records, this implies that this is a periodic inventory system. And update to inventory in a periodic inventory system are made on a regular basis, such as monthly, quarterly, etc.

From the part A attached excel file, we have:

Units of goods available for sale = 23,100

Cost of goods available for sales = $236,481

Weighted-average cost per unit = Cost of goods available for sales / Units of goods available for sale = $236,481 / 23,100 = $10.2372727272727

Inventory at January 31 = Units of inventory balance at January 31 * Weighted-average cost per unit = 4,500 * $10.2372727272727 = $46,068

From the options the closest one is b. $46,067. Therefore, the inventory at January 31 is $46,067 and the correct option is b. $46,067.

B. Assuming that Rich maintains perpetual inventory records, what should be the inventory at January 31, using the moving-average inventory method, rounded to the nearest dollar?

Note: See part B of the attached excel file for the calculation of the inventory at January 31 (in bold red color).

Under Perpetual Inventory system, the inventory is updated whenever a purchase or sale is made. It's a procedure that happens in real time.

In the Part B of the attached excel file, the following rates in light red color are made as follows:

Rate on January 6 = ($87,930 + $61,800) / 15,000 = $9.98 per unit

Rate on January 26 = ($74,865 + 86,751) / 15,600 = $10.36 per unit

From the part B attached excel file, we have:

Inventory at January 31 = $46,620.

Therefore, the correct option is d. $46,620.

what reasons would you give for the reaction of consumers to price changes​

Answers

Explanation:

ayes

he's!Once the cells in a biological machine stop working, it can never be started again. It goes into a cascade of decay, falling toward disorder and randomness. Except in the case of viruses. They can turn off and go dead. Then, if they come in contact with a living system, they switch on and multiply. The only thing that "lived" inside this monkey was the unknown agent, and it was dead, for the time being. It was not multiplying or doing anything, since the monkey's cells were dead. But if the agent touched living cells, Nancy's cells, it would come alive and begin to amplify itself. In theory, it could amplify itself around the world in the human species.

Summary of central idea: It is petrifying that even if viruses are dead, they have the potential to "come alive.”

Retained earnings, December 31, 2019 $210,300
Decrease in total liabilities during 2019 45,800
Gain on the sale of buildings during 2019 16,100
Dividends declared and paid in 2019 4,500
Proceeds from sale of common stock in 2019 49,400
Net income for the year ended December 31, 2019 22,600

Required:
From the above data, calculate the retained earnings balance as of December 31, 2015.

Answers

Answer:

See below

Explanation:

Given the above information,

Retained earnings balance as of December 31, 2015

Ending retained earnings = Beginning retained earnings + Net income for year ended - Dividends declared and paid in 2019

$210,300 = Beginning retained earnings + $22,600 - $4,500

Beginning retained earnings = $192,200

Therefore, retained earnings balance as of 31 December 2015 is $192,200

Prepare journal entries for the following credit card sales transactions.
1. Sold $20,000 of merchandise, which cost $15,000, on MasterCard credit cards. Master Card charges a 5% fee.
2. Sold $5,000 of merchandise, which cost $3,000, on an assortment of bank credit cards. These cards charge a 4% fee.

Answers

Answer and Explanation:

The journal entries are given below:

1. Cash A/c Dr $19,000

Credit card expense A/c Dr  $1,000            ($20,000 × 5%)

       To Sales A/c                             $20,000

(To record the received cash )

Cost of goods sold A/c Dr $15,000

        To Merchandise inventory A/c $15,000

(To record the inventory is sold at cost)

2. Accounts receivable A/c Dr $4,800

   Credit card expense A/c Dr  $200          ($5,000 × 4%)

        To Sales A/c                             $5,000

(To record the merchandise is sold on credit)

Cost of goods sold A/c Dr $3,000

        To Merchandise inventory A/c $3,000

(To record the inventory is sold at cost)

Cash A/c Dr $4,800

      To Accounts receivable $4,800

(to record the cash is received)

FedEx Corporation (FDX) had the following revenue and expense account balances (in millions) for a recent year ending May 31:
Depreciation Expense $985
Fuel Expense 3,438
Maintenance and Repairs Expense 1,675
Other Expense (Income) Net 5,319
Provision for Income Taxes 857
Purchased Transportation 1,281
Rentals and Landing Fees 1,862
Revenues 26,300
Salaries and Employee Benefits 9,387
Prepare an income statement.

Answers

Answer and Explanation:

The preparation of the income statement is presented below:

Revenue $26,300

Expenses:  

Depreciation expense $985  

Fuel expense $3,438

Maintenance and repairs expense $1,675

Other expense(income) net $5,319

Provision for Income taxes $857

Purchased Transportation $1,281

Rentals and Landing fees $1,862

Salaries and Employee benefits $9,387  

Net income $1,496

SKM Innovations, Inc., anticipates producing 40,000 units and incurring the following manufacturing costs for the coming year: raw material, $35 per unit; direct labor, $50 per unit; manufacturing overhead, $1,200,000 + $40 per unit. Using absorption costing, the unit cost for the coming year will be:_______.
a. $85
b. $125
c. $90
d. $155

Answers

Answer:

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According to the SKM Innovations, Inc., the absorption costing, the unit cost for the coming year will be $ 155. The correct option is (d).

What do you mean by the absorption costing?

A managerial accounting technique known as "absorption costing," also known as "full costing," is used to record all expenses related to producing a specific product.

This strategy accounts for both direct and indirect costs, including direct materials, direct labor, rent, and insurance.

You can use the accounting technique of absorption costing to record all of the production expenses related to the creation of a single unit of goods.

Here,

Calculation of absorption costing per unit cost:

ADD -

Direct material = $ 35

Direct labor = $ 50

Variable manufacturing overhead = $ 40

Fixed manufacturing overhead = 1200000 / 40000 = $ 30

Absorption costing per unit cost = $ 155

Therefore, according to the SKM Innovations, Inc., the absorption costing, the unit cost for the coming year will be $ 155.

To know more about the Absorption costing, visit:

https://brainly.com/question/14347350

#SPJ2

A coupon bond pays annual interest, has a par value of $1,000, matures in four years, has a coupon rate of 10%, and has a yield to maturity of 12%. The current yield on this bond is

Answers

Answer:

10.65%.

Explanation:

Calculation to determine what The current yield on this bond is

First step is to determine the Present value (PV) using Financial calculator

FV = 1000

n = 4

PMT =10%*$1,000= 100

i = 12

PV=?

Hence,

PV = 939.25

Now let determine the Current yield

Current yield = $100/$939.25

Current yield = 10.65%

Therefore The current yield on this bond is 10.65%

trên cơ sở lý thuyết nhóm hãy chọn một công ty hiện kinh doanh tại thị trường việt nam, dòng sản phẩm tiêu dùng, phân tích thực trạng:
- chiến lược điều chỉnh giá của công ty
- chiên lược chủ động thay đổi giá

Answers

Answer:

es la coma estate should be your answer

Kramer and Knox began a partnership by investing $58,000 and $65,000, respectively. During its first year, the partnership earned $160,000. Prepare calculations showing how the $160,000 income should be allocated to the partners under each of the following three separate plans for sharing income and loss:(1) The partners failed to agree on a method to share income.(2) The partners agreed to share income and loss in proportion to their initial investments. (Do not round intermediate calculations.(3) The partners agreed to share income by granting a $56,500 per year salary allowance to Kramer, a $46,500 per year salary allowance to Knox, 12% interest on their initial capital investments.

Answers

Answer and Explanation:

The computation is shown below:

1. At the time when the partner failed to share the incom and loss so it is assume that the net income i.e. $160,000 should be shared equally so for both it is $80,000 each

2. When the income is shared as per their initial investment  

Particulars              Kramer          Knox           Total

Investment             $58,000       $65,000     $123,000

Investment ratio     47.15%         52.85%

$160,000 income share $75,440 $84,560    $160,000

3. Sharing of the income as per the defined rule

Particulars              Kramer          Knox           Total

Salary allocated     $56,500       $46,500       $103,000

Interest at 12%        $6,960         $7,800         $14,760

Remaining balance  $21,120      $21,120        $42,240

Total                           $84,580    $75,420       $160,000

Cox Engineering performs cement core tests in its laboratory. The following standards have been set for each core test performed: Std. Hours or Quantity Std. Price or Rate Direct materials 3 pounds $0.75 per pound Direct labor 0.4 hours $12 per hour During March the laboratory performed 2,000 core tests. The following events occurred during March: 8,600 pounds of sand were purchased at a cost of $7,310. 7,200 pounds of sand were used for core tests. 840 actual direct labor hours were worked at a cost of $8,610. The direct material usage variance for March is:

Answers

Answer:

1200 U

Explanation:

Standard of material usage:

Material required 3 pounds per test

2000 core tests performed

Standard usage : 2,000 test * 3 pound per test = 6000 pounds

Actual usage of material = 7,200

Variance = 1,200 unfavorable.

Equipment acquired at the beginning of the year at a cost of $30,800 has an estimated residual value of $2,800 and an estimated useful life of four years. Determine the following: (a) The depreciable cost $fill in the blank 1 (b) The straight-line rate fill in the blank 2 % (c) The annual straight-line depreciation $fill in the blank 3

Answers

Answer:

$28000

25%

$7000

Explanation:

Depreciable cost = cost of the asset - residual value

$30,800 - $2800 = $28,000

The straight-line rate = annual depreciation expense / Depreciable cost

7000 / 28,000 x 100 = 25%

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

$28,000 / 4 = $7000

Jarett Motors is trying to decide whether it should keep its existing car washing machine or purchase a new one that has technological advantages (which translate into cost savings) over the existing machine. Information on each machine follows: Old machine New machine Original cost $9,000 $20,000 Accumulated depreciation 5,000 0 Annual cash operating costs 9,000 4,000 Current salvage value of old machine 2,000 Salvage value in 10 years 500 1,000 Remaining life 10 yrs 10 yrs Refer to Jarett Motors. The $4,000 of annual operating costs that are common to both the old and the new machine are an example of a(n):________ a. opportunity cost b. irrelevant cost c. future avoidable cost d. sunk cost

Answers

Answer:

The correct option is b. irrelevant cost.

Explanation:

An irrelevant cost can be described as an expense that will not be affected by the decisions of thee management. Therefore, irrelevant costs are those that will not change if you choose one option over another in the future.

Therefore, the $4,000 of annual operating costs that are common to both the old and the new machine are an example of irrelevant cost. This is because the 4,000 of annual operating costs will not be affected or will still be incurred whether Jarett Motors managment decide to keep its existing car washing machine or purchase a new one.

Therefore, the correct option is b. irrelevant cost.

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