Answer:
The question is incomplete, so I looked for a similar one:
Copy Center sells laser printers and supplies. Watson Copy Center started the year with 90 containers of ink (average cost of $ 8.50 each, FIFO cost of $ 8.90 each, LIFO cost of $ 7.80each). During the year, Watson Copy Center purchased 720 containers of ink at $ 10.30 and sold 600 units for $ 19.75 each. Watson Copy Center paid operating expenses throughout the year, a total of $ 5000. Watson Copy Center's income statement-excluding the effects of income tax under each of theaverage-cost, FIFO, and LIFO inventory costing methods--is given.
Total sales revenue = 600 x $19.75 = $11,850
COGS under weighted average = {[(90 x $8.50) + (720 x $10.30)] / 810} x 600 = $6,060
COGS under FIFO = (90 x $8.90) + (510 x $10.30) = $6,054
COGS under LIFO = 600 x $10.30 = $6,180
Copy Center
Income Statement for the year 202x
(using weighted average)
Sales revenue $11,850
COGS ($6,060)
Gross profit $5,790
Operating expenses ($5,000)
Net income $790
Copy Center
Income Statement for the year 202x
(using FIFO)
Sales revenue $11,850
COGS ($6,054)
Gross profit $5,796
Operating expenses ($5,000)
Net income $796
Copy Center
Income Statement for the year 202x
(using LIFO)
Sales revenue $11,850
COGS ($6,180)
Gross profit $5,670
Operating expenses ($5,000)
Net income $670
A benefit to the sellers in allowing customers to use credit cards is________. Group of answer choices to avoid having to evaluate a customer's credit standing for each sale to lessen the risk of extending credit to customers who cannot pay to increase the speed of receipt of cash from the credit sale all of the options are reasons for credit card use
Answer: All of the options are reasons for credit card use
Explanation:
By using credit cards to facilitate sales, sellers do not need to evaluate a customer's credit standing for each sale because the credit card pays.
By extension, the seller would not have to worry about extending credit to less creditworthy customers because this risk is passed on to the credit card company.
Using credit cards also increases receipt of cash from the sale because the credit card actually pays the seller.
The one-year forward rate of the British pound is quoted at $1.60, and the spot rate of the British pound is quoted at $1.63. Is the forward rate at a discount or a premium, and by what percentage
Answer:
discount; 1.8%
Explanation:
Calculation for the forward rate using this formula
forward rate=(F/S) - 1
Let plug in the formula
forward rate= ($1.60/$1.63) - 1
forward rate= -1.8 percent.
Therefore The forward DISCOUNT is 1.8 percent.
The forward rate at a discount or a premium:
Formula :
Forward rate=(F/S) - 1
Forward rate= ($1.60/$1.63) - 1 Forward rate= -1.8 percent.Therefore, the forward discount is 1.8 percent.
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above is a trading profit and loss with the balance sheet question
pls I need an urgent solution to this
A 20-year bond priced to have an annual effective yield of 10% has a Macaulay duration of 11. Immediately after the bond is priced, the market yield rate increases by 0.25%. The bond's approximate percentage price change, using a first-order Macaulay approximation, is X. Calculate X.
Answer:
-2.50%
Explanation:
Calculation for X
Using this formula
X=Change in price/0ld price*100
Let plug in the formula
X=-P(0.10)(11/1.10)(0.0025)/P(0.10)*100
X=-P(0.10)(10)(0.0025)/P(0.10)*100
X=-2.50%
Therefore X is -2.50%
The Production Order Quantity model in inventory management A. results in larger average inventory than an equivalent EOQ model B. uses Ordering Cost, not Setup Cost, in its formula C. relaxes the assumption of known and constant demand D. is appropriate when units are sold/used as they are produced
Answer: D. is appropriate when units are sold/used as they are produced
Explanation:
The economic production quantity model is sometimes referred to as the EPQ model and it is used to know the amount of goods or services that a company should order so that the total inventory costs can be reduced.
From the options given, it should be noted that the economic production order quantity is appropriate when units are sold/used as they are produced.
Therefore, the correct option is D.
how does the analysis for the supplier position and supplier preferencing model affect how a purchasing manager plans to do business with suppliers
Answer: The supplier position model aids the organization to rate their supplies based on the amount of spent when considering how and who it was supplied through
Explanation:
The supplier position model aids the organization to rate their supplies based on the amount of spent when considering how and who it was supplied through. It also gives a clue to the susceptibility level and the level of vulnerability that the business would be exposed to when the supplier fails.
In summary, it affects how a getting manager plans to try and do business with suppliers.
A credit entry was recorded for unearned revenue and a debit for cash. What does this entry indicate?
Answer:
This means that there is an increase in cash(cash has been collected). And for the unearned revenue which is a liability, there is an increase in the liability
Explanation:
This means that there is an increase in cash(cash has been collected). And for the unearned revenue which is a liability, there is an increase in the liability.
Note: Debit side increases asset(cash) and expenses while credit side decreases liability,income and equity.
Credit side decreases asset(cash) and expenses while debit side increases liability,income and equity.
Every year, Shawna Stuart, the Director of Sustainability at Academic University, sees students throwing away perfectly good furniture and household items when they get ready to leave the dorms. And even though Academic U is considered to be one of the best schools in the country, 30% of the people in its surrounding communities earn poverty-level wages. Shawna knows that there must be some way to get all those chairs, couches, tables, and kitchen goods to people who really need them, but she needs some help in figuring out how to do it. Fortunately, you are the president of your school’s Business Honor Society, and your group wants to create a new non-profit organization this year. Shawna’s dilemma is perfect for your team, and together, you decide to create a new organization, Share Your Stuff.
Today, you are meeting with your team of four students, Shawna, and Alfonso Alvarez, the Store Manager for your local Goodwill store. You want to do some planning for the upcoming year. First on the agenda, the group agrees to create a strategic goal for the organization.
Which of the following is a question that you should ask during the development of strategic goals for the organization?
a. Should our company focus more on giving things away, or on selling things for a reduced price to those in need?
b. Last year, the Office of Sustainability collected 75 usable couches from students, but they were only able to give away 25 of them. What can Share Your Stuff do to give away more couches this year?
After some discussion, the group agrees that they want to create an ongoing, sustainable organization that eliminates at least 50,000 pounds of waste and raises at least $10,000 to pay for organizational expenses. Now that the team has a good idea for a strategic goal, it is important for them to identify a strategic plan that can be used to achieve the goal.
What time-frame should the group consider for this plan?
a. Short-term (One year or less)
b. Long-term (Five years or more)
Answer:
1. The question that you should ask during the development of strategic goals for the organization is:
a. Should our company focus more on giving things away, or on selling things for a reduced price to those in need?
2. The time-frame that the group should consider for this plan is:
b. Long-term (Five years or more)
Explanation:
A strategic plan is made up of the organization's mission, vision, and values, as well as its long-term goals. These are backed up with the action plans for attaining the long-term goals. A strategic plan should involve the whole of the organization and remain futuristic. It does not concentrate on short-term objectives. Instead, a strategic plan concentrates on long-term goals with its duration period lasting five years or more.
Accounts receivable are shown as _____ in the AR customer file.
The Accounts receivable are shown as the debit side of the account receivable customer file. Hence, the option d is correct.
What is account receivable?It is the concept when the goods are sold on credit basis to the customer and the payment is to be received after some time.
It is to be shown in the asset side of the balance sheet.
Also, it contains the normal debit balance.
Hence, the option d is correct.
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Blue Ivy Inc. has the following transactions for the month of March: Issued common stock $60,000 Purchased land by paying cash $100,000 Paid expenses $25,000 Earned cash fees $75,000 As a cumulative result of these transactions, the liquidity of Blue Ivy Inc.:
Answer:
$10,000
Explanation:
Blue Ivy's statement of cash flow:
+ cash from operating activities (earned cash fees - paid expenses) $50,000
- cash from investing activities (buying land) $100,000
+ cash from financing activities (issuing new stocks) $60,000
net cash flow for the month = $10,000
A painting operation is performed by a production worker at a labor cost of $1.40 per unit. A robot spray-painting machine, costing $15,000, would reduce the labor cost to $0.20 per unit. If the device would be valueless at the end of 3 years, what is the minimum number of units that would have to be painted each year to justify the purchase of the robot machine
Answer:
4,167 units
Explanation:
The computation of the minimum number of units that should be painted is as follows;
Let us assume the number of units in 3 years be x
So the labor cost without the machine is 1.4x
And, the Labor cost with the machine is 0.2x + $15000
Now the equation is
1.4x = 0.2 x + $15,000
x = $12500
Now
For Each year, it is
= $12,500 ÷ 3
= 4,167 units
The cost of sales visits is a: Customer unit-level cost. Distribution-channel cost. Customer-sustaining cost. Sales-sustaining cost. Customer batch-level cost.
Answer:
Customer-sustaining cost
Explanation:
Cost of sales visits are costs associated with sales efforts. They can include direct labour, overheads, and direct materials.
This is regarded as a consumer sustaining cost because it is incurred in service to the customer.
Sales visits along with travelling cost are a way to ensure customer is satisfied and keeps coming back for more products.
Customer sustaining activities enables a business more effectively serve the customer with a view of maintaining their loyalty.
The beginning inventory of BG Action Figures is understated by $7 million at December 31, 20x8. What is the effect on 20x8 cost of goods sold? Group of answer choices
Answer: Understated by $7 million
Explanation:
Cost of goods old is calculated by deducting the closing balance of inventory from the Opening balance and the Purchases for the period in the manner:
Cost of Goods sold = Opening inventory + Purchases - Closing stock.
Going by the formula, if the opening inventory is understated by $7 million, the cost of goods sold will be understated by the same amount because opening inventory adds to Cost of goods sold.
According to the Sports Business Journal, Levy Restaurants is the leading purveyor of premium food at major sports venues. It has chefs that specialize in the preparation of various foods working at different sports venues. For the Super Bowl, Levy flew in more than two dozen of its chefs from venues to prepare food to feed the Super Bowl crowd. The chefs had the necessary _____ skills.
Answer:
Functional
Explanation:
In the given case since it is mentioned that levy restaurants would served as a premium food for majort sport venues also there chefs would be working on various sport venues.
So this represents that the chef has the necessary functional skills due to which they are very well known to the public at general
Thus, the same is relevant
If the direct materials price variance is $500 favorable, and the direct materials quantity variance is $250 unfavorable, the journal entry will include a: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) check all that apply Debit to direct materials price varianceunanswered Credit to direct materials price varianceunanswered Debit to direct materials quantity varianceunanswered Credit to direct materials quantity variance
Answer: Options B and C
Explanation:
To account for Direct Material Variance for for price and quantity, it is pertinent to note that Unfavorable variances should be recorded as debits while favorable variances should be recorded as credits.
Therefore
If the direct materials price variance is $500 favorable, Then Credit should be made to direct material price variance and
If the direct materials quantity variance is $250 unfavorable, Then a Debit should be made to direct materials quantity variance.
The journal entry should include credited to direct material price variance and debited to direct materials quantity variance.
The following information should be considered:
The favorable price variance is credited to direct material price variance and unfavorable is debited .Unfavorable quantity variance is debited to direct materials quantity variance.Learn more: brainly.com/question/16911495
Last year Harrington Inc. had sales of $325,000 and a net income of $19,000, and its year-end assets were $250,000. The firm's total-debt-to-total-capital ratio was 17.5%. The firm finances using only debt and common equity, and its total assets equal total invested capital. Based on the DuPont equation, what was the ROE
Answer:
the ROE is 10.133%
Explanation:
The computation of the ROE is shown below:
Total Equity =Total Assets × (1 -Debt to Total Assets Ratio)
= $250,000 × (1 - 0.25)
= $187,500
Now
ROE = Net Income ÷ Total Equity
= $19,000 ÷ $187,500
= 10.133%
Hence, the ROE is 10.133%
Which of the following is true of F a c e b o o k advertisements?
Question 13 options:
They're expensive and not well targeted.
They're affordable and highly targeted.
They're free and highly targeted.
They're expensive and only available to national brands.
I took the test and its They're affordable and highly targeted 100%
Which consequences can victims of identity theft face? Check all that apply.
V difficulty getting a loan or credit card
U an increase in debt
O the loss of a job
D difficulty keeping assets
Da loss of money
D difficulty landing a new job
Answer:
1,2,5,6
Explanation:
edge21
Reinhardt Furniture Company has 40,000 shares of cumulative preferred 2% stock, $150 par and 100,000 shares of $5 par common stock. The following amounts were distributed as dividends: Year 1 $70,000 Year 2 200,000 Year 3 320,000 Determine the dividends per share for preferred and common stock for each year. If an answer is zero, enter '0'. Round all answers to two decimal places. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Common stock (Dividends per share) $fill in the blank 4 $fill in the blank 5 $fill in the blank 6
Answer:
Reinhardt Furniture Company
The dividends per share for preferred and common stock for each year:
Year 1 Year 2 Year 3
Preferred $3.00 $3.00 $3.00
Common stock $0 $0.30 $2.00
Explanation:
a) Data and Calculations:
Cumulative preferred 2% stock = 40,000 shares
Cumulative preferred 2% share capital = $6,000,000 ($150 * 40,000)
Common stock = 100,000 shares
Common stock share capital = $500,000 ($5 * 100,000)
Cumulative preferred 2% annual dividend = 2% of $6,000,000 = $120,000
Total dividends Preferred dividends Common dividends
Amount distributed:
Year 1 $70,000 $70,000 ($50,000) $0
Year 2 200,000 $170,000 $30,000
Year 3 320,000 $120,000 $200,000
b) Dividend per share for preferred stock is $120,000/40,000 = $3.00 per annum. This is the amount of dividend per share because the shares are cumulative. The holders will always get paid at the next period when enough dividends are declared. For the common stock, the dividend per share depends on the actual dividends distributed to the holders, divided by 100,000 shares.
Landen's salary is $58,000 a year, and he contributes $4000 annually to his 401(k), while his employer matches 60%. What is his total salary please help me
Answer:
401k+4058.6
Explanation:
Landen's total salary is $64,400.
Landen's salary is $58,000 a year.He contributes $4000 annually to his 401(k).His employer matches 60% of his 401(k) contribution, which is $4000 × 0.6 = $2400.His total salary is $58,000 + $4000 + $2400 = $64,400.
Here is a breakdown of the calculation:
Salary: $58,000
401(k) contribution: $4000
Employer 401(k) match: $2400
Total salary: $58,000 + $4000 + $2400 = $64,400
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If you have done everything correctly, you might realize that stagflation creates a dilemma for the Fed. Why
Answer:
A. If the Fed wants to reduce inflation, it must be willing to accept higher unemployment.
B. If the Fed wants to reduce unemployment, it must be willing to accept more inflation.
Explanation:
When everything has done in correct manner than you realize that the stagflation develops a dilemma for the fed as in the case when fed wants to decrease the inflation so it would be accepted higher unemployment
And in the case when the fed wants to decrease the unemployment so he accept more inflation
as it creates a tradeoff between the inflation and unemployment in the short run as shown by the philips curve
The U.S. has accused China of artificially deflating the value of their currency. What would be the motivation for the Chinese to pursue such a policy
Answer: Cheaper exports
Explanation:
A large part of the Chinese economy is dependent on the foreign trade it initiates with the rest of the world. Having a weak currency can aid that.
Export prices are quoted in the currency of the country doing the exporting so if their currency is weaker relative to a country they are exporting to, their goods will be cheaper in that market which will make people want to buy their goods more.
This is why China would deflate its currency. Having a weaker currency means their exports are cheaper which will increase the amount of it bought.
Both __________-__________, __________-__________ and __________-__________, __________-__________ methods of inventory valuation are assumptions as to the flow of costs.
Answer: First-In, First-out; Last-in, First-out
Explanation:
First-In, First-out(FIFO) and Last-in, First-out(LIFO) are both methods of inventory valuation that are used to assume the cost of inventory such that Cost of Goods sold can be calculated.
FIFO works by assuming that the oldest inventory purchased by the company is the one that was sold first while LIFO works by assuming that the newest inventory is sold first.
Using FIFO therefore will result in lower inventory costs because it is using old prices as opposed to LIFO which would reflect the increase in inventory prices as it is using recent prices.
Would tax the increment in value as goods move through the production and manufacturing stages to the marketplace. b.Is a type of consumption tax. c.Would not require individuals to file returns. d.Would increase the number of deductions available to individuals. e.None of these choices are correct.
Answer:
e.None of these choices are correct.
Explanation:
The flax tax system means the tax system that impose the similar level of tax for each and every household ignoring the income bracket Also it does not provide any kind of deduction or exemptions. It is necessary to file the tax. It is not a consumer tax.
So according to the given situation the last option is correct
The same is considered
What is the answers please I’m struggling
Answer:
a. $288,000
b. $190,000
Explanation:
The Accounting equation: Assets = Liabilities + Equity
a. Assets = Liabilities + Equity
382,000 = 94,000 + Equity
Equity = 382,000 - 94,000
= $288,000
b. Equity as of December 20Y9.
Account for the changes in assets and equity:
Assets = Liabilities + Equity
(382,000 - 63,000) = (94,000 + 35,000) + Equity
319,000 = 129,000 + Equity
Equity = 319,000 - 129,000
= $190,000
Precision Aviation had a profit margin of 6.25%, a total assets turnover of 1.5, and an equity multiplier of 1.8. What was the firm's ROE
Answer: 16.88%
Explanation:
Going by the Dupont 3 step method to calculate Return on Equity, the formula for ROE is:
ROE = Net Profit Margin * Assets turnover * Equity Multiplier
= 6.25% * 1.5 * 1.8
= 0.16875
= 16.88%
Management's assessment of the design and operation of the company's internal controls over financial reporting should be:
Answer:
Management's assessment of the design and operation of the company's internal controls over financial reporting should be:
integrated.
Explanation:
A company's assessment of internal controls over financial reporting should be integrated to focus on the effectiveness of internal controls and the reliability of the financial statements. The effectiveness of internal controls reduces the risk of fraudulent activities by all internal parties. Similarly, the reliability of the financial statements will ensure public confidence and engender unbiased, error-free, and faithful representation of financial performance and position to aid decision making by market participants.
1. Suppose a firm's cost function is given by C(Q)=6Q+Q^2 when it produces Q units of its product.
This small, profit-maximizing firm is active in a perfectly competitive market. After observing the
going price for its product, it decides to produce 3 units of output: Q=3. What is the firm's elasticity
of supply?
1.5
b. 2*
c. 2.5
d. 3
a.
Answer:
2.5
Explanation:
because that's the answer
A loan is amortized over five years with monthly payments at an annual nominal interest rate of 9% compounded monthly. The first payment is 1000 and is to be paid one month from the date of the loan. Each succeeding monthly payment will be 2% lower than the prior payment. Calculate the outstanding loan balance immediately after the 40th payment is made.
Answer:
$7,112.73
Explanation:
We can use the financial calcualtor and some formulas or use the easy way and use excel goal seek.
We contruct the table and find the value of the principal cell that makes the principal after 60 payment zero with payment of $1,000 decreasing 2% each month
the following is made:
A1 period
1 to 60
B1 couta
1,000 x (power(0.98;period cell)
C1 interest
previous principal x 9/1200
D1 amortization B1 - C1 that is installment less interest
E1 principal: previous principal - current period amortization
--loan schedule is attached to provide more help--
Cost per equivalent unit for Material Q under the weighted-average method is calculated to be: $5.65. $2.30. $4.60. $3.00. $2.75.
Answer:
$3.00
Explanation:
Calculation for the Cost per equivalent unit for Material Q under the weighted-average method
First step is to calculate the Units transferred
Units transferred= 28000 + 72000 - 16000
Units transferred= 84,000
Second step is to calculate Equivalent units of material P
Equivalent units of material P= 84,000 + 16000
Equivalent units of material P= 100,000 Units
Now let calculate the Cost per Equivalent Units
Cost per Equivalent units of Material P
Beginning WIP Inventory Cost $120,000
Add Cost incurred during period $ 180,000
Total Cost to be accounted for $ 300,000
($300,000+$120,000)
÷Total Equivalent Units 100,000
=Cost per Equivalent Units $3.00
($300,000÷$100,000)
Therefore the Cost per equivalent unit for Material Q under the weighted-average method will be $3.00