Answer:
The Number of cycles is 4
Product Daily Quantity Daily Unit per cycle
A 18 18/4 = 4.5 units
B 16 16/4 = 4 units
C 4 4/4 = 1 unit
D 16 16/4 = 4 units
inventory g Ronald Homes purchased land for development for $2,500,000. The land will be parceled into lots and sold for vacation homes as follows: 10 lots (Type A) to sell for $100,000 each; 15 lots (Type B) to sell for $70,000 each; and 20 lots (Type C) to sell for $50,000 each. At what amount should Ronald Homes record the Type B lots
Answer:
Ronald Homes
The amount at which Ronald Homes should record Type B lots is $860,656 while each should be recorded at $57,377.
Explanation:
a) Data and Calculations:
Cost of land for development = $2,500,000
Land parceled into lots as follows:
Type A (10 lots) to sell for $100,000 each = $1,000,000
Type B (15 lots) to sell for $70,000 each = 1,050,000
Type C (20 lots) to sell for $50,000 each = 1,000,000
Total sales value = $3,050,000
Type A lots to be recorded at $1,000,000/$3,050,000 * $2,500,000
= $819,672
Type B lots to be recorded at: $1,050,000/$3,050,000 * $2,500,000
= $860,656
Type C lots to be recorded at $1,000,000/$3,050,000 * $2,500,000
= $819,672
Ridge Company issues $10,000,000 10-year, 9% bonds on 3/1/17 at 97 plus accrued interest. The bonds are dated January 1, 2010, and pay interest on June 30 and December 31; original issue date was 1/1/17. What is the total cash received on 3/1/17
Answer:
$9,850,000
Explanation:
Calculation for What is the total cash received on 3/1/17
Total cash received on 3/1/17=$10,000,000 × .97) + ([9%*$10,000,000) × 2/12]
Total cash received on 3/1/17=$10,000,000 × .97) + ($900,000 × 2/12)
Total cash received on 3/1/17=$9,700,000+$150,000
Total cash received on 3/1/17 = $9,850,000
Therefore the total cash received on 3/1/17 is $9,850,000
n the industry and the community, Tri-State is known for its low-cost business strategy, but also as a company that is generous to its employees. After 100 years of successful operation, it now finds itself with a respected brand and a market share leader. Tri-State also prides itself on helping with school lunch programs in disadvantaged school districts. In the past, it has helped organizations like the Salvation Army and Red Cross when natural disasters occur across the United States, but this is on an as-needed basis. How would you classify Tri-State's social actions
Answer:
Tri-State's social actions would be classified as:
Corporate Social Responsibility.
Explanation:
Corporate Social Responsibility involves alignment or integration of the social and environmental concerns with the entity's operations and economic responsibilities for sustainable organizational development. It enables a business entity to remain relevant and accountable. Companies like Tri-State are increasingly trying to make a difference in their environments while building positive brand image by giving back to their community, taking active part in philanthrope, and providing positive social values.
What amount is recorded for a nonmonetary asset acquired in exchange for another nonmonetary asset when the exchange has commercial substance
Answer:
The fair value of the asset given up, with a gain or loss recognized.
Explanation:
In Financial accounting, Accounts Receivable are considered to be a current asset because it is the payment a business firm would receive from its customers for goods purchased or services taken on credit. Also, accounts receivable are recorded in the current assets section of the balance sheet because they add value to a business firm.
Generally, current assets are considered to be liquid because they are listed on the balance sheet in the order (descending) in which they are expected to turn or be converted to cash within a relatively short term period.
The amount recorded for a nonmonetary asset acquired in exchange for another nonmonetary asset when the exchange has commercial substance is the fair value of the asset given up, with a gain or loss recognized.
Additionally, the par value of an asset such as a bond is its face value and it comprises of its total dollar amount as well as its maturity value. Also, the par value of a bond gives the basis on which periodic interest is paid.
A bond is issued at par value when the market rate of interest is the same as the contract rate of interest. This simply means that, a bond would be issued at par (face) value when the bond's stated rated is significantly equal to the effective or market interest rate on the specific date it was issued.
An annuity immediate pays 15 at the end of years 1 and 2, 14 at the end of years 3 and 4 and so on. The payments decrease by 1 every second year until nothing is paid. The effective annual interest rate is 6%. Calculate the present value of this annuity
Answer:
$138.63
Explanation:
I used an excel spreadsheet and the NPV function to determine the present value of this annuity. The present value of this annuity is $138.63
g explain which types of organizations (if any) will traditional HRM fit most and which types of organizations (if any) will strategic HRM fit most
Answer:
HR Function refers to areas such as recruitment, selection, recruitment and retention, performance evaluation, promotional preparing, and reimbursement managerial staff.
Explanation:
Throughout traditional HRM every one of these operations has been associated with capacity building and therefore are constrained even within the HR manager. Those other operations are not focused on an organization’s strategy.Traditional HRM is therefore not focused on effective organizational culture, while strategy Implementation focuses on its philosophy.Your roommate asks for a loan, offering to make weekly payments of $25 for two years. If the appropriate interest rate is 8.25% APR, compounded weekly, how much would you be willing to lend her today
Answer:
You should be willing to lend your roommate the sum of $2,395.08 today.
Explanation:
a) Data and Calculations:
Weekly loan repayment = $25
Period of loan = 2 years
Interest rate = 8.25% APR, compounded weekly
b) Using online finance calculator:
FV (Future Value) $2,824.37
PV (Present Value) $2,395.08
N (Number of Periods) 104.000
I/Y (Interest Rate) 0.159%
PMT (Periodic Payment) $25.00
Starting Investment $0.00
Total Principal $2,600.00
Total Interest $224.37
Jane has $500 a week to spend on clothing and food. The price of clothing is $25 and the price of food is $10. The clothing and food pairs in Jane's choice set include ________ units of clothing and ________ units of food.
Answer:
12
20
Explanation:
Here are the options to this question :
A. 10, 10
B) 25, 5
C) 12; 20
D) 16, 8
If Jane buys 10 units of clothing and 10 units of food : (10 x $25) + (10 x $10) = $350. This doesn't maximise his income
If Jane buys 25 units of clothing and 5 units of food : (25 x $25) + (5 x $10) = $675. This is greater than income
If Jane buys 12 units of clothing and 20 units of food : (12 x $25) + (20 x $10) = $500. This maximises income
If Jane buys 16 units of clothing and 8 units of food : (16 x $25) + (8 x $10) = $480. This doesn't maximise his income
A manufacturing company has total liabilities of $52,000 and total stockholders' equity of $75,000. What is the debt-to-equity ratio?
Answer:
0.693
Explanation:
Debt to equity ratio= Total liability/ Shareholder equity
=$52,000/$75,000= 0.693
Dream House Builders, Inc. applies overhead by linking it to direct labor. At the start of the current period, management predicts total direct labor costs of $100,000 and total overhead costs of $20,000. On January 31, the direct labor for this job equals $2,700. Complete the following journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Answer:
Dr Work in Process Inventory 540
Cr Credit - Factory Overhead 540
Explanation:
Preparation of journal entry
Dr Work in Process Inventory 540
Cr Credit - Factory Overhead 540
Calculation for the Overhead assigned to this job
First step is to calculate the Predetermined overhead rate
Predetermined overhead rate =$20,000 ÷$100,000
Predetermined overhead rate =20%
Now let calculate Overhead assigned to this job
Overhead assigned to this job = $2,700 ×0.20 Overhead assigned to this job= $540
Therefore the journal entry is :
Dr Work in Process Inventory 540
Cr Credit - Factory Overhead 540
Borrowers who believe they will be in a home for only a short period of time would be good prospects for a/an:
Answer:
Hard money loan
Explanation:
Options "A) no interest loan, B) adjustable-rate loan, C) Convertible loan, D) Hard money Loan"
Hard money loan is a way to raise money quickly, usually taken out for a short time but at a higher cost and lower LTV ratio. The terms of hard money loans are often negotiated between the lender and the borrower. This type of loans use the property of the borrower as collateral and does not rely on the creditworthiness of the borrower.
In 2XX7, Oz Ltd (DL) bought an abandoned lot of land on the main street in Sheffield, England for 200,000 British Pounds Sterling. On December 31. 2X10, the land was determined to be impaired and written down to 50,000 Pounds. The Great Recession ends and on December 31, 2X12, the land appreciates in value to 100,000 Pounds. The journal entry for this land on December 31, 2X12 is:
Answer:
Journal Entry
December 31, 2X12
Dr. Land Account ______50,000 pounds
Cr. Appreciation on Land 50,000 pounds
Explanation:
As Land is recorded at the value of $50,000 and it is needed to be appreciated on December 31,2X12.
The appreciation will increase the value of the land so the land account will be debited as it is a fixed asset account that has debit nature.
On the other hand, the appreciation on the land account will be credit because it is an unrecognized income/gain account that will be reported as other comprehensive income.
Adjustment = Appreciated Value - Carrying Value = 100,000 pounds - 50,000 pounds = 50,000 pounds
Note: As depreciation is not applicable on the land so, the carrying value on December 31, 2X10 will be the same on December 31,2X12 before adjustment.
10 points Print Item 3 As of December 31, Year 2, Moss Company had total cash of $147,000, notes payable of $84,700, and common stock of $51,500. During Year 3, Moss earned $27,000 of cash revenue, paid $15,500 for cash expenses, and paid a $2,100 cash dividend to the stockholders. Required a. Determine the amount of retained earnings as of December 31, Year 2. b.
Answer:
the retained earning for the year 2 is $10,800
Explanation:
The computation of the retained earning as on year 2 is shown below:
= Cash - note payable - common stock
= $147,000 - $84,700 - $51,500
= $10,800
We simply deduct the note payable and the common stock from the cash so that the retained earning for the year 2 could come
hence, the retained earning for the year 2 is $10,800
Assume you could either open a lemonade stand near a college campus and sell 80 cups of lemonade for $.50 per cup in one day or open a stand selling brownies and sell 50 brownies in one day for $1 each. In terms of dollars, what would be your opportunity cost of selling lemonade for one day
Answer:
$50
Explanation:
Drag each tile to the correct box.
Match each characteristic of a successful blog to the correct description.
creates the need for people to continue reading
proves to readers thazine information is trustworthy
clearly expresses an idea for readers to understand easily
credibility
conciseness
regular schedule
Answer:
1. Regular schedule.
2. Credibility.
3. Conciseness.
Explanation:
A blog can be defined as an informative or discussion-based website that is updated regularly and published over the internet. The informations that are posted on a blog are usually done chronologically.
Basically, the characteristics of a successful blog are;
1. Regular schedule: creates the need for people to continue reading. Thus, informations posted on blogs are to be updated and made available to the audience at regular intervals.
2. Credibility: proves to readers that this information is trustworthy. You should ensure you always post information that are factual, credible and trustworthy.
3. Conciseness: clearly expresses an idea for readers to understand easily. You should write in a simple and straightforward manner without the use of ambiguous or complex words.
for product costs to become expenses under the matching principle, the units to which they attach must be
Answer: Sold
Explanation:
The Matching principle in accounting states that for an expense to be recognized in a period, the revenue to which that expense is attached should be earned in that same period as well.
For product costs to be recognized as expenses therefore, the products they are attached to must yield revenue by being sold.
Uncollectible accounts are determined by the percent-of-sales method to be % of credit sales. How much is uncollectible-account expense for ?
Answer:
$1,160
Explanation:
Hie, I have attached the full question as an image below.
The firm usually makes provision for certain amounts so as not to overstate their profits. This expected as it is prudent than reporting profits that might never occur. Provisions of Uncollectible accounts are examples of such amounts.
An increase in Uncollectible amount compared to the opening balance is treated as an Expense in the Income Statement whilst a decrease is treated as an Income.
For this question, we are told that Uncollectible accounts are determined by the percent-of-sales method to be 4% of credit sales. Thus calculation of the 2012 uncollectible-account expense is as follows :
Credit Sales - 2012 = $44,000
Beginning Balance in allowances = $600
Therefore,
Uncollectable Amount (2012) = Credit Sales x percent-of-sales
= $44,000 x 4%
= $1,760
The Uncollectable amount has increased by $1,160 ($1,760 - $600)
Conclusion :
The collectible-account expense for 2012 is $1,160
Suppose the demand for apples becomes more elastic. All else equal, this means that the same change in price will result in
Answer:
a greater change in quantity demanded
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
The Impala Company issues $5,000,000, 7.8%, 20-year bonds to yield 8% on 1/1/16. Interest is paid on June 30 and December 31. The bonds sold for $4,901,036. Using straight-line amortization, compute the 12/31/18 carrying value of the bonds.
Answer:
carrying value at the end of 2018 = $4,915,880.60
Explanation:
the journal entry to record the sales of the bonds
Dr Cash 4,901,036
Dr Discount on bonds payable 98,964
Cr Bonds payable 5,000,000
Amortization of bond discount per year = $98,964 / 20 years = $4,948.20
Accumulated amortization for the first 3 years (2016, 2017, 2018) = $14,844.60
carrying value at the end of 2018 = $4,901,036 + $14,844.60 = $4,915,880.60
What is meant when economists say that the US economy has a higher safe speed limit than it had previously
Answer:
When economists say that the US economy has a higher safe speed limit than it had previously, it means that:
Overheating the US economy does not produce high inflation.
Explanation:
The US economy is being overheated through rapid economic expansions. Some of these expansions are engendered by rapid technological changes. The US government also often indulge in aggressive economic expansions by ensuring maximum employment and capacity utilization. But these measures have been found to not distort the economy with high inflation rates. As a result, an economist can conclude that "the US economy has a higher safe speed limit than it had previously."
Julio sold his stock in ABC Company for a higher price per share than he bought it for. He realized a:
Answer: Capital gain
Explanation:
Capital gain is the return that a person gets when they sell their shares for a higher price than what they bought it for. It is a capital gain because the money they invested (capital) increased and brought back more than they spent.
The reverse is called a Capital loss.
Example of Capital gain:
You buy stock in 2019 for $40 and sell it in 2020 for $100. Your capital gain is:
= 100 - 40
= $60
which factor plays the biggest role in motivating economic decisions in a traditional economy?
Answer:
These are the answer choices for the question:
A. Cooperation between governments and citizens
B. Commitment to maintaining long-standing customs
C. Corruption in the leadership of powerful groups
D. Competition between different businesses
And this is the correct answer choice:
B. Commitment to maintaining long-standing customs
Explanation:
Traditional economies are economies that have not yet industrialized, that tend to be small-scale, and that give great weight to traditions when taking economic decisions, precisely.
Examples of traditional economies can be seen in nomadic, semi-nomadic, and pastoralist peoples, who often lack enough economic complexity to become large populations with complex poltiical and economic institutions.
In these societies, economic decisions may be guided more by the insight of a leader, than by economic rationality per se, as long as the bare minimum needs for survival are met beforehand.
There are factors plays the biggest role in motivating economy decisions in a market economy. The factor is Competition between different businesses.
A traditional economy is known to be a type of economic system where local or traditions, customs, and beliefs help defines the goods and services the economy creates, and also rule and way of their distribution.
Countries often this type of economic system and they are said to be rural and farm-based. Examples includes nomadic, semi-nomadic, and pastoralist etc.
See answer choices below
A. Cooperation between governments and citizens
B. Commitment to maintaining long-standing customs
C. Corruption in the leadership of powerful groups
D. Competition between different businesses
Learn more about Economy from
https://brainly.com/question/1169360
The management accountant should be aware that the software system(s) that should be used to prepare job cost reports is:
Answer:
Chosen from a variety of software systems available, often designed specifically for a particular industry.
Explanation:
Managerial accounting also known as cost accounting is an accounting technique focused on identification, measurement, analysis, interpretation, and communication of financial information to managers for planning, better decisions making and pursuit of the organization's goals.
Managerial accounting typically comprises of both non-monetary and monetary informations about an organization.
Hence, the management accountant should be aware that the software system(s) that should be used to prepare job cost reports is chosen from a variety of software systems available, often designed specifically for a particular industry.
This ultimately implies that, the software application or program that is typically used in the accounting field is designed specifically for that particular industry and cannot be used by another industry such as medicine, engineering, agriculture etc.
"Tom, at Bode Corporation we align our individual goals with the company's goals.
That is, as managers, we use
to drive ourselves and our employees
to accomplish key goals that are linked with the company's success," said Tom's new
CEO.
remuneration
contingency management
quantitative management
management by objective
time-and-motion studies
Marcy Company did not pay any dividends in 2004. In 2005, they declared and paid total dividends of $4,000, and in 2006, they declared total dividends of $20,000. How much dividends will be paid to preferred and common stockholders in 2006
Answer:
Dividends paid to preferred and common stockholders in 2006 will be :
Preferred stockholders get $20,000
Common stockholders get $0
Explanation:
Hie , I have attached the full question as an image below.
Preferred Stockholders received their dividends first before the common stockholders do. This is because the Preferred Equity have first preference when it comes to payments of dividends.
Also, when the dividends are cumulative, it means that the previous amounts of dividends not paid are payable in future when the distribution is made. Preference dividends are payable as a fixed amount of stocks outstanding during the reporting period.
That said, the amounts of dividends to be paid to preferred and common stockholders in 2006 can be calculated as follows :
2004
Dividends Declared = $0
Preference dividends Payable = ($100,000 + $250,000) × 6 % = $21,000
Paid to Common Shareholders = $ 0
2005
Dividends Declared = $4,000
Paid to Preference Shareholders = $4,000
Paid to Common Shareholders = $ 0
Payable to Preference Shareholders = $17,000 (2004) + $21,000 (2005) = $38,000
2006
Dividends Declared = $20,000
Paid to Preference Shareholders = $20,000
Paid to Common Shareholders = $ 0
Payable to Preference Shareholders = $18,000 (2005) + $21,000 (2006) = $39,000
Suppose the EPS (earnings per share) of Wal-Mart stock is $2 and the current price per earnings ratio is 10. What is the current price of Wal-Mart stock
Answer:
$20
Explanation:
Price / earnings per share = 10
earnings per share = $2
price / $2 = 10
Price = $20
Mark accidentally overheard a confidential phone conversation between his boss and the district manager during which they discussed the possibility of layoffs in the sales division. Mark works in accounting, so his job is not in danger; however, a few of his friends are sales representatives for the company. What should Mark do
Answer:
-Say nothing to his co-workers since this was a private conversation and he could lose his job if his boss found out he was spreading sensitive company information
Explanation:
Since in the situation it is mentioned that Mark accidentally heard a confidential phone conversation in which the possibility of layoff in the sales division would be discussed he is not in danger but some of his friends are the sales representatives so mark would not tell anyone as it is a private conversation and he could lose the job if the boss knows that the information is spread by mark
Therefore the second option is correct
ear, Inc. generates a $100,000 net operating loss in the current year. Plum, Inc. generates $500,000 of taxable income. Compute the current year tax if Pear and Plum do/do not file a consolidated return.
Answer:
Consolidated=$84,000
Not consolidated= $105,000
Explanation:
Computation for the current year tax if Pear and Plum do/do not file a consolidated return.
Computation for Consolidated
Taxable income = ($500,000 - $100,000) x 21%
Taxable income =$400,000×21%
Taxable income = $84,000
Computation for Not consolidated
Not consolidated= $500,000 x 21%
Not consolidated= $105,000
Therefore the current year tax if Pear and Plum do/do not file a consolidated return will be :
Consolidated=$84,000
Not consolidated= $105,000
Which is NOT a step in a career plan?
A.
Join a CTSO
B.
Finish high school
C.
Complete a vocational certification
D.
Go on vacation to the beach
Answer:
D. Go on vacation to the beach
Explanation:
A vacation is not a career... it is relaxing
(True) or (False)? Accumulated depreciation is recorded as a contra expense account on the income statement, and the depreciation expense is recorded as an asset on the balance sheet.
Answer:
false
Explanation:
Depreciation is the reduction in the value of an asset. It is recorded as an expense on the income statement.
Accumulated depreciation is the sum of depreciation over a time period. It is recorded as a contra asset on the balance sheet