Help soon!
A four-year college-level degree is called____.
(1). A bachelor's degree
(2). An associate's degree
(3). A career degree
A two-year college-level degree is called____.
(1). A bachelor's degree
(2). An associate's degree
(3). A career degree
_____ is a program that is usually no longer than one or two years, ending with a certificate, degree, or diploma in a specialized technical field.
(1). A career college
(2). A traditional collage
(3). An apprenticeship
______ is an on-the-job training experience in which the learner works at a job under the direction of an expert.
(1). A career college
(2). A traditional collage
(3). An apprenticeship

Answers

Answer 1

Answer:

A four-year college-level degree is called

       A.) ✔ a bachelor’s degree.

A two-year college-level degree is called

       B.) ✔ an associate degree.

_______is a program that is usually no longer than one or two years, ending with a certificate, degree, or diploma in a specialized technical field.

       B.) ✔ A career college.

_______is an on-the-job training experience in which the learner works at a job under the direction of an expert.

       C.) ✔ An apprenticeship

Explanation:

I hope this helps!!! :))

Help Soon!A Four-year College-level Degree Is Called____.(1). A Bachelor's Degree(2). An Associate's
Answer 2

There are different kinds of program. The answers are below;

A four-year college-level degree is called a bachelor’s degree.

A two-year college-level degree is called an associate degree.

A career college is a program that is usually no longer than one or two years.

An apprenticeship is an on-the-job training experience in which the learner works at a job under the direction of an expert.

 What is an apprenticeship?

An apprenticeship is known to be a set up of

job training and classroom learning together  that tends to help one to a trade credential.

   

Learn more about apprenticeship from

https://brainly.com/question/25689052


Related Questions

Due to recent political and economic events, general prices of goods and services are expected to increase significantly over the next five years. You were about to purchase a five-year bond. You now require a higher return on the bond than you did before you found out about these expected price increases. Determine which of these fundamental factors is affecting the cost of money in the scenario described:

Answers

Answer:

The options are missing, so I looked for similar questions.

the missing options are:

inflationtime preferencesrisk

the correct answer is inflation.

When investors purchase bonds, they are worried about the real interest rate that they will receive = nominal interest rate - inflation rate.

Sine the inflation rate is increasing, then the nominal rate must also increase in order to keep the real interest rate stable.

Explanation:

Match each of the principles and phases in the development of an accounting system with the statement that best describes them.
1. Information must be understandable, relevant, reliable, timely, and accurate.
2. Benefits of information must outweigh the cost of providing it.
3. The system should accommodate a variety of users and changing information needs.
4. The accounting system must consider the needs and knowledge of various users.
5. The system should be capable of meeting the changes in the demands made upon it.
a. Useful output
b. Cost effectiveness
c. Flexibility

Answers

Answer:

. Useful output

Cost effectiveness

Flexibility

Useful output

Flexibility

Explanation:

Accounting principles are  guidelines that should guide companies when reporting  financial data.

If the output is useful, it would contain the information needed by users of accounting information in terms they understand, on time and it should not be misleading

The accounting information should be cost effective. It should be profitable to the company to provide the information. The cost of providing the information should be less than the cost

The information should be flexible. It should not only be suitable for only some particular users of accounting information but to all users of accounting information

(1 point) The manager of a large apartment complex knows from experience that 110 units will be occupied if the rent is 300 dollars per month. A market survey suggests that, on the average, one additional unit will remain vacant for each 2 dollar increase in rent. Similarly, one additional unit will be occupied for each 2 dollar decrease in rent. What rent should the manager charge to maximize revenue

Answers

Answer:

$270

Explanation:

If the rent is $300 then 110 units will be occupied. The manager of the apartment complex should set a price which will maximize the revenue. When the rent is increased by $2 then one additional unit will be left vacant. This will reduce the revenue of the apartment manager. The equation to find the best possible rent which maximizes the total revenue is:

Profit = 110 (p - 300)

P = 110p - 330

P = 270.

The rent for the apartment should be 270 so the total revenue will be maximized.

What kind of policy is minimum wage?
Fiscal or Monetary?

Answers

Answer:

fiscal

Explanation:

fiscal

Answer:

minimum wage is 7.25 per hour.

Explanation:

A ship valued at $1,337,500 is carrying a cargo of iron ore valued at $125,000, and a cargo of coal valued at $100,000. The ship is stranded and the captain jettisons what is later determined to be $12,500 worth of iron ore. The stranded ship is towed to port, receives a bill from the tug company of $56,250 and is determined to have suffered $71,875 worth of damage to the ship. The captain declares a general average.
How much liability will the company shipping the coal have?

Answers

Answer:

$9,000

Explanation:

Calculation for How much liability will the company shipping the coal have

First step is to calculate the The ratio of losses to combined value of cargo and ship

Ratio of losses to combined value of cargo and ship=$12,500/$1,337,500+$56,250/$56,250+$71,875/$100,000

Ratio of losses to combined value of cargo and ship=.09

Now let calculate How much liability will the company shipping the coal have

Liabiltiy=$100,000*.09

Liabiltiy=$9,000

Therefore How much liability will the company shipping the coal have is $9,000

AAA Advertising hires Christopher as a photographer to take photographs of products for AAA’s use in its advertising campaigns. Christopher is to use his own DSLR camera. Christopher will have an office at AAA but only needs to come in 10 hours a week, of his own choosing. Christopher will work under a supervisor who will tell him exactly what photos to take and how many of each product. He will be paid a flat $2,000 salary every other week, regardless of how much work he does. 1) What is Christopher’s employment status with AAA, is he an employee or independent contractor? 2) Discuss each of the applicable factors used to determine whether a worker is an independent contractor or employee.

Answers

Answer:

Christopher is an Employee

Explanation:

1) Christopher is an Employee because he is been paid a flat rate regardless of the amount of work he puts in, also he is directly supervised, has an office in AAA and also he must put in  10 hours of work per week

2) Factors that makes a worker an independent contractor or an Employee includes

level of instruction; If the company or its representative directs the worker on how, when and where a job can be done this indicates that the worker is an employee work schedule: An independent contractor is totally in control of his time and determines the amount of hours to put in but if the work schedule is determined by the company then it will be an employee arrangement form of payment ; Hourly, weekly and monthly payments are mostly used for employees ,most independent contractors collect their pay once a task is completed by themprofit or loss : Employees do not share in the profit or loss of the organization since they are paid a flat rate.

Triple Tier Bakery is a locally-owned business offering custom cakes, cupcakes, desserts and wedding cakes. At year end, Triple Tier's balance of Allowance for Uncollectible Accounts is $550 (credit) before adjustment. The Accounts Receivable balance is $22,500. During the next year, Triple Tier estimates that 10% of accounts will be uncollectible. Record the adjustment required for Allowance for Uncollectible Accounts?

Answers

Answer and Explanation:

The adjusting entry is

Bad Debts expense ($22,500 ×10% - $550) $1,700

           To Allowance for uncollectible accounts $1,700

(Being adjustment for Allowance for Uncollectible Accounts is recorded)

Here bad debt expense is debited as it increased the expense and credited the allowance as it reduced the assets

Zhang Industries sells a product for $700. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang pays a sales manager a monthly salary of $3,000 and a commission of 2% of sales in dollars. Assume 30% of Zhang's sales are for cash. The remaining 70% are credit sales; these customers pay in the month following the sale. Compute the budgeted cash receipts for June.Multiple Choice$282,520.$196,000.$280,000.$201,880.$285,880.

Answers

Answer:

Total cash collection= $282,520

Explanation:

Giving the following information:

Sales May= 400 units

Sales June= 400*1.03= 412 units

Selling price= $700

30% of Zhang's sales are for cash.

The remaining 70% are credit sales; these customers pay in the month following the sale.

To calculate the cash receipts, we need to use the following structure:

Cash collection June:

Sales in Cash June= (412*700)*0.3= 86,520

Sales in Account from May= (400*700)*0.7= 196,000

Total cash collection= $282,520

When Valley Co. acquired 80% of the common stock of Coleman Corp., Coleman owned land with a book value of $75,000 and a fair value of $125,000. What is the amount of excess land allocation attributed to the noncontrolling interest at the acquisition date

Answers

Answer:

$10,000

Explanation:

The amount of excess land allocation attributed to the non controlling interest at the acquisition date is computed below;

Non controlling interest of acquisition date

= (Book value of land - Fair value of land) × 20%

Given that;

Book value of land = $125,000

Fair value of land = $75,000

Then,

Non controlling interest of acquisition date

= ($125,000 - $75,000) × 20%

= $50,000 × 20%

= $10,000

Beeman Company exchanged machinery with a fair value of $4,680,000, a recorded cost of $7,200,000 and accumulated depreciation of $3,600,000 with Lacey Corporation for machinery Lacey owns.
The machinery that Lacey owns has a fair value of $4,520,000, a recorded cost of $8,640,000, and accumulated depreciation of $4,752,000. Lacey also gave Beeman $160,000 of cash in the exchange. Assume depreciation has already been updated.
Instructions
(a) Prepare the entries on both companies' books assuming that the exchange had commercial substance.
(b) Prepare the entries on both companies' books assuming that the exchange lacked commercial substance

Answers

Answer:

See below

Explanation:

A. Commercial substance

Beeman company

Machinery ...............................Dr

$4,520,000

Accumulated depreciation......Dr $3,600,000

Cash.......Dr $160,000

To Gain on disposal of plant assets ..........Cr $1,080,000

To equipment ............Cr $7,200,000

Lacey Company

Equipment ............Dr $4,680,000

Accumulated depreciation ........Dr $4,752,000

To Gain on disposal of equipment ..............Cr $632,000

To equipment ...........Cr $8,640,000

To cash ................Cr $160,000

B. Lacked commercial substance

Berman company

Equipment ............Dr $3,476,923

Accumulated depreciation .........Dr $3,600,000

Cash ........Dr $160,000

To gain on disposal of equipment ..............Cr $36,923

To equipment ..............Cr $7,200,000

Working

= ($160,000 / ($160,000 + $4,520,000) × $1,080,000

= $36,923

Lacey corporation

Equipment ..............Dr $4,048,000

Accumulated depreciation...........Dr $4,752,000

To equipment .................Cr $8,640,000

To cash ..................................... Cr $160,000

Commercial substance

Lacey company

Cost............ Dr $8,640,000

Accumulated depreciation...........Dr $4,752,000

Book value............... Dr $3,888,000

Fair value.......... Dr $4,520,000

Gain on disposal .................Dr $632,000

During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials $5,100 on account, factory labor $7,500 of which $5,800 relates to factory wages payable and $1,700 relates to payroll taxes payable, and factory utilities payable $2,900. Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Answers

Answer:

Jan 31

Dr Raw materials inventory $5,100

Cr AccountsPayable $5,100

Jan 31

Dr Work in Process inventory $7,500

Cr Factory wages payable $5,800

Cr Payroll taxes payable $1,700

Jan 31

Dr Manufacturing overhead $2,900

Cr Utilities payable $2,900

Explanation:

Preparation of a separate journal entries for each type of manufacturing cost

Jan 31

Dr Raw materials inventory $5,100

Cr AccountsPayable $5,100

Jan 31

Dr Work in Process inventory $7,500

Cr Factory wages payable $5,800

Cr Payroll taxes payable $1,700

Jan 31

Dr Manufacturing overhead $2,900

Cr Utilities payable $2,900

On June 30, the end of the first month of operations, Tudor Manufacturing Co. prepared the following income statement, based on the variable costing concept:

Sales (420,000 units) $7,450,000
Variable cost of goods sold:
Variable cost of goods manufactured (500,000 units x $14 per unit) $7,000,000
Less ending inventory (80,000 units x $14 per unit) 1,120,000
Variable cost of goods sold 5,880,000
Manufacturing margin $1570000
Variable selling and administrative expenses 80,000
Contribution margin $1490,000
Fixed costs:
Fixed manufacturing costs $160,000
Fixed selling and administrative expenses 75,000 235,000
Income from operations $1255,000

Required:
a. Prepare an absorption costing income statement.
b. Reconcile the variable costing income from operations of $1,255,000 with the absorption costing income from operations determined in (a).

Answers

Answer:

A. $1,280,600

B. $1,280,600

Explanation:

A. Preparation of an absorption costing income statement.

Tudor Manufacturing Co.

Absorption Costing Income Statement

For the Month Ended June 30, 2014

Sales (420,000 units) $7,450,000

Cost of goods manufactured $7,160,000

(500,000 units x $14.32 per unit)

($160,000 / 500,000 units = $0.32 per unit)

($14 per unit + $0.32 per unit = $14.32 per unit)

Less ending inventory $1,145,600

(80,000 units x $14.32 per unit)

Cost of goods sold $6,014,400

Gross profit $1,435,600

($7,450,000 - $6,014,400)

Selling and administrative expenses:

Variable selling and administrative expenses $80,000

Fixed selling and administrative expenses $75,000 $155,000

Income from operations $1,280,600

($1,435,600 - $155,000)

Therefore the absorption costing income statement will be $1,280,600

B.Calculation to Reconcile the variable costing income from operations of $1,255,000 with the absorption costing income from operations determined in (a)

First step is to calculate ending inventory difference

Ending inventory difference = $1,145,600 - $1,120,000

Ending inventory difference = $25,600

Now let Reconcile the variable costing income from operations

Reconciliation of Variable Costing and Absorption Costing Incomes from Operations

Variable costing income from operations $1,255,000

Add: Difference between absorption costing and variable costing ending inventories $25,600

Absorption costing income from operations $1,280,600

($1,255,000+$25,600)

Therefore the variable costing income from operations of $1,255,000 with the absorption costing income from operations determined in (a) will be $1,280,600

Harrelson Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials and conversion costs are incurred evenly throughout the process. For the month of April, the work in process accounts show the following debits.
Cooking Canning
Beginning work in process $0 $4,710
Materials 22,030 10,200
Labor 8,740 8,020
Overhead 32,760 28,340
Costs transferred in 55,850
ournalize the April transactions.

Answers

Answer and Explanation:

The journal entries are shown below:

On April 30

WIP-cooking Dr $22,030

WIP- Canning $10,200

      To Raw material inventory $32,230

(Being material used is recorded)

WIP-cooking Dr $8,740

WIP- Canning $8,020

      To Factory labor $16,760

(Being assigned of factory labor to production is recorded)

WIP-cooking Dr $32,760

WIP- Canning $28,340

      To Manufacturing overhead $61,100

(Being assigned of overhead to production is recorded)

WIP Canning $55,850

       To WIP cooking $55,850

(being cost transferred in recorded)

Correctly match the following with: export goods, import goods, export services, import services, investment income inflows, investment income outflows, transfer inflows, transfer outflows, capital inflows, and capital outflows.

Answers

Answer:

1. Import goods

2. Transfer outflow

3. Export services

This is what I know so far. Hope this helps.

List down three characteristic of project ​

Answers

Answer:

A single definable purpose, end-item or result. This is usually specified in terms of cost, schedule and performance requirements.

Every project is unique. It requires the doing of something different, something that was not done previously. Even in what are often called “routine” projects such as home construction, the variables such as terrain, access, zoning laws, labour market, public services and local utilities make each project different. A project is a one-time, once-off activity, never to be repeated exactly the same way again.

Projects are temporary activities. A project is an ad hoc organization of staff, material, equipment and facilities that is put together to accomplish a goal. This goal is within a specific time-frame. Once the goal is achieved, the organization created for it is disbanded or sometimes it is reconstituted to begin work on a new goal (project).

You want to have $3 million in real dollars in an account when you retire in 40 years. The nominal return on your investment is 10 percent and the inflation rate is 4.8 percent. What real amount must you deposit each year to achieve your goal

Answers

Answer:

Annual deposit= $23,647.9

Explanation:

Giving the following information:

Future value (FV)= 3,000,000

Numer of periods (n)= 40 years

Nominal rate= 10%

Inflation rate= 4.8%

To simplify calculations, we will calculate the real interest rate by deducting from the nominal interest rate the inflation rate:

Real interest rate= 0.1 - 0.048

Real interest rate= 0.052

Now, to calculate the annual deposit, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (3,000,000*0.052) / [(1.052^40) - 1]

A= $23,647.9

Information related to Whispering Winds Corp. is presented below.
1. On April 5, purchased merchandise on account from Martinez Company for $27,200, terms 2/10, net/30, FOB shipping point.
2. On April 6, paid freight costs of $900 on merchandise purchased from Martinez.
3. On April 7, purchased equipment on account for $29,100.
4. On April 8, returned $3,400 of merchandise to Martinez Company.
5. On April 15, paid the amount due to Martinez Company in full.
Prepare the journal entries to record these transactions on the books of Kerber Co. under a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
No.
Date Account Titles and Explanation Debit Credit
1. April 5April 6April 7April 8April 15
2. April 5April 6April 7April 8April 15
3. April 5April 6April 7April 8April 15
4. April 5April 6April 7April 8April 15
5. April 5April 6April 7April 8April 15

Answers

Answer:

April 5

Dr Inventory $27,200

Cr accounts payable $27,200

April 6

Dr Inventory $900

Cr Cash $900

April 7

Dr Equipment $29,100

Cr Accounts payable $29,100

April 8

Dr Accounts payable $3,400

Cr Inventory $3,400

April 15

Dr Accounts payable $23,800

Cr Cash $23,324

Cr Inventory $476

Explanation:

Preparation of the journal entries to record these transactions on the books of Kerber Co. under a perpetual inventory system

April 5

Dr Inventory $27,200

Cr accounts payable $27,200

April 6

Dr Inventory $900

Cr Cash $900

April 7

Dr Equipment $29,100

Cr Accounts payable $29,100

April 8

Dr Accounts payable $3,400

Cr Inventory $3,400

April 15

Dr Accounts payable $23,800

($27,200-$3,400)

Cr Cash $23,324

($23,800-$476)

Cr Inventory $476

(2%*$23,800)

Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $320,000 for November, $300,000 for December, and $290,000 for January. Collections are expected to be 55% in the month of sale and 45% in the month following the sale. The cost of goods sold is 70% of sales. The company would like to maintain ending merchandise inventories equal to 70% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $23,800. Monthly depreciation is $14,800. Ignore taxes. Balance Sheet October 31 Assets Cash $ 21,400 Accounts receivable 71,400 Merchandise inventory 156,800 Property, plant and equipment, net of $573,400 accumulated depreciation 1,095,400 Total assets $ 1,345,000 Liabilities and Stockholders' Equity Accounts payable $ 255,400 Common stock 821,400 Retained earnings 268,200 Total liabilities and stockholders' equity $ 1,345,000 The difference between cash receipts and cash disbursements for December would be:

Answers

Answer:

Bramble Corporation

The difference between cash receipts and cash disbursements for December would be:

=  $71,000

Explanation:

a) Data and Calculations:

Balance Sheet October 31

Assets Cash                            $ 21,400

Accounts receivable                  71,400

Merchandise inventory           156,800

Property, plant and equipment,

net of $573,400 accumulated

depreciation                        1,095,400

Total assets                      $ 1,345,000

Liabilities and Stockholders' Equity

Accounts payable              $ 255,400

Common stock                      821,400

Retained earnings                268,200

Total liabilities and

stockholders' equity      $ 1,345,000

                                     November       December      January

Budgeted sales            $320,000        $300,000   $290,000

Cash Collections:

55% month of sale         176,000            165,000      159,500

45% following month       71,400             144,000      135,000

Total collections          $247,400         $309,000   $294,500

Cost of goods sold     $224,000         $210,000    $203,000

=  (70% of Sales for the month)

Ending Inventory            147,000            142,100

Goods available           $371,000        $352,000

Beginning Inventory      156,800            147,000       142,100

Purchases                    $214,200        $205,000

Cash disbursements:

Payment to suppliers   255,400           214,200      205,000

Other monthly exp.        23,800             23,800

Total disbursements $279,200         $238,000

Comparison of Cash receipts with Cash disbursements:

                                   November       December

Cash receipts             $247,400         $309,000

Cash disbursements $279,200         $238,000

Difference                    ($31,800)           $71,000

Guys, This question determines my life.
1.If nothing Is faster than light, then how did the dark get there first?

Answers

Answer:

its simply not true that nothing is faster than light. ill give a quick proof: black holes. Gravity is stronger and faster than light, because gravity captures light and prevents it from leaving the black hole.

Explanation:

Darkness came before light, so light had to be created to get there.

The Sandeep Company's April 30 pre-reconciliation cash balance on its books was $35,000. While preparing the April 30 bank reconciliation, Sandeep determined that outstanding checks total $11,000, deposits in transit total $7,000, and bank service charges are $50. Assuming there are no other reconciling items, what was Sandeep's April 30 cash balance per the bank statement

Answers

Answer: $38,950

Explanation:

The bank balance and the book cash balance might often be different for different reasons, one of which is due to the transactions recorded in the books not having been processed by the banks amongst others.

The books and bank balance will therefore need to be reconciled.

Balance per bank statement = Cash balance in books + Outstanding checks - Deposits in transit - Bank charges

= 35,000 + 11,000 - 7,000 - 50

= $38,950

Assume that a $1,000,000 par value, semiannual coupon US Treasury note with three years to maturity has a coupon rate of 3%. The yield to maturity (YTM) of the bond is 11.00%. Using this information and ignoring the other costs involved, calculate the value of the Treasury note:$960,214.55$504,112.64$680,151.97$800,178.79

Answers

Answer: $800,178.79

Explanation:

This is a semi-annual coupon bond so convert rate and period to semi annual rates.

Coupon payment = 3% * 1,000,000 * 1/2 years

= $15,000

YTM = 11%/2 = 5.5%

Number of periods = 3 years * 2 = 6 semi annual periods

Value of Bond = Present value of coupon payments + Present value of par

= 15,000 * ( 1 - ( 1 + 5.5%)⁻⁶) / 5.5%) + 1,000,000 / (1 + 5.5%)⁶

= 74,932.9546296555 + 725,245.8330245964

= $800,178.79

An investment has the following characteristics: ATIRRP: After-tax IRR on total investment in the property: 9.0% BTIRRE: Before-tax IRR on equity invested: 17% BTIRRP: Before-tax IRR on total investment in the property: 12% t: Marginal tax rate: 0.40 What would be the break-even interest rate (BEIR), at which the use of leverage is neither favorable nor unfavorable

Answers

Answer:

15%

Explanation:

Calculation to determine would be the break-even interest rate (BEIR)

Using this formula

Break-even interest rate (BEIR)= After tax IRR on total investment / (1- Tax rate)

Let plug in the formula

Break-even interest rate (BEIR)=9% / (1-0.40)

Break-even interest rate (BEIR)=9%/0.60

Break-even interest rate (BEIR)= 15%

Therefore would be the break-even interest rate (BEIR), at which the use of leverage is neither favorable nor unfavorable is 15%

The following information applies to the questions displayed below Over a four-year period, Jackie Corporation reported the following series of gross profits 2018 2019 2020 2021 $60,000 $66,000 $74,000 $90,000 Cost of goods sold32,000 46,00028,000 48,000 $28,000 $20,000 $46,000 $42,000 Net sales Cross profit In 2021, the company performed a comprehensive review of its inventory accounting procedures. Based on this review company records reveal that ending inventory was understated by $11,000 in 2019. Inventory in all other years is correct. Problem 6-10A Part 1
Required:
1. Calculate the gross profit ratio for each of the four years based on amounts originally reported. (Round your answers to the nearest whole percent.) Gross Profit Ratio 2018 2019 2020 2021 The following information applies to the questions displayed below Over a four-year period, Jackie Corporation reported the following series of gross profits 2021 Net sales Cost of goods sold Gross profit $60,000 $66,000 $74,000 $90,000 $28,000 $20,000 46,000 $42,000 In 2021, the company performed a comprehensive review of its inventory accounting procedures. Based on this review, company records reveal that ending inventory was understated by $11,000 in 2019. Inventory in all other years is correct
2. Calculate the gross profit ratio for each of the four years based on corrected amounts. (Round your answers to the nearest whole percent.) Gross Ratio 2018 2019 2020 2021

Answers

Answer:

1. Gross Profit ratio

2018 47%

2019 30%

2020 62%

2021 47%

2. Gross Profit ratio

2018 47%

2019 47%

2020 47%

2021 47%

Explanation:

1. Calculation for the gross profit ratio for each of the four years based on amounts originally reported.

2018 2019 2020 2021

Net sales $60,000 $66,000 $74,000 $90,000

Less Cost of goods sold $32,000 $46,000 $28,000 $48,000

=Gross profit$ 28,000 $20,000 $46,000 $42,000

Gross Profit ratio

2018 47% =$28,000/$60,000

2019 30% =$20,000/$66,000

2020 62% =$46,000/$74,000

2021 47% =$42,000/$90,000

2. Calculation for the gross profit ratio for each of the four years based on corrected amounts.

Cost of goods sold 2019=$46,000-$11,000

Cost of goods sold 2019=$35,000

Cost of goods sold 2020=$28,000+$11,000

Cost of goods sold 2020=$39,000

2018 2019 2020 2021

Net sales $60,000 $66,000 $74,000 $90,000

Less Cost of goods sold $32,000 $35,000 $39,000 $48,000

=Gross profit $28,000 $31,000 $35,000 $42,000

Gross Profit ratio

2018 47% =$28,000/$60,000

2019 47% =$31,000/$66,000

2020 47% =$35,000/$74,000

2021 47% =$42,000/$90,000

Companies that depend upon and highly value the contribution of intellectual capital to good strategy execution, generally do not:___________.
A. provide their employees with challenging, interesting, and skill-stretching assignments and also rotating them through jobs that not only have great content but also span functional and geographic boundaries.
B. implement rewards and benefits programs such as promotions, salary increases, performance bonuses, stock options, and other perks.
C. invest time and money into coaching underperformers and benchwarmers to improve their skills and capabilities.
D. encourage their employees to challenge existing ways of doing things, to be creative and innovative in proposing better ways of operating, and to push their ideas for new products or businesses.
E. foster a stimulating and engaging work environment so that their employees will consider the company a great place to work.

Answers

Answer:

Option c: Invest time and money into coaching underperformers and benchwarmers to improve their skills and capabilities

Explanation:

The staffing the organization, building core competencies and competitive capabilities, structuring of the organization and work effort of everyone involved is important to growth of companies. Firms or organizations will not employ individuals who will not contribute to its growth. They rather employ capable hands and intelligent people to work and move the country forward. The requirements of a Good Strategy Execution demands team effort. All managers have strategy executing responsiblility in their areas of authority, and all employees are active participants in the stategy execution process.

Pina Football Shop began operations on January 2, 2017. The following stock record card for footballs was taken from the records at the end of the year.
Date Voucher Terms Units Received Unit Invoice Cost Gross Invoice
Amount
1/15 10624 Net 30 67 $28 $1,876
3/15 11437 1/5, net 30 82 23 1,886
6/20 21332 1/10, net 30 107 21 2,247
9/1 227644 1/10, net 30 101 17 1,717
11/24 31269 1/10, net 30 93 16 1,488
Totals 450 $9,214
A physical inventory on December 31, 2017, reveals that 111 footballs were in stock. The bookkeeper informs you that all the discounts were taken. Assume that Pina Football Shop uses the invoice price less discount for recording purchases.
(a) Compute the December 31, 2017, inventory using the FIFO method.
B.) Compute the 2017 cost of goods sold using the LIFO method.

Answers

Answer:

A. FIFO $1,794

B. LIFO $6,326

Explanation:

(a) Computation for the December 31, 2017, inventory using the FIFO method

Value of closing Stock

93 Footballs purchased in November = 93 * $16 93 Footballs purchased in November= $1,488

18 Footballs purchased in September= (111-93)* $17

18 Footballs purchased in September= 18* $17

18 Footballs purchased in September= $306

Total Value as on 31 December, 2017 =$1,488+$396

Total Value as on 31 December, 2017=$1,794

Therefore the December 31, 2017, inventory using the FIFO method will be $1,794

B.) Computation for the 2017 cost of goods sold using the LIFO method.

First step is to calculate the Value of closing Stock

67 Footballs purchased in January= 67 * $28

67 Footballs purchased in January = $1,876

44 Footballs purchsed in March= (111-67)* $23

44 Footballs purchsed in March=44*$23

44 Footballs purchsed in March= $1,012

Total Value as on 31 December, 2017=$1,876+$1,012

Total Value as on 31 December, 2017 = $2,888

Now let calculate the Cost of goods sold using this formula

Cost of goods sold

= Gross Invoice amount - Value of closing stock

Let plug in the formula

Cost of goods sold= $9,214 - $2,888

Cost of goods sold= $6,326

Therefore the 2017 cost of goods sold using the LIFO method will be $6,326

cgehhE10-12 The following are selected 2014 transactions of Pedigo Corporation. Jan. 1 Purchased a small company and recorded goodwill of $150,000. Its useful life is indefi nite. May 1 Purchased for $75,000 a patent with an estimated useful life of 5 years and a legal life of 20 years. Instructions Prepare necessary adjusting entries at December 31 to record amortization required by the events above. E10-13 Gill Company, organized

Answers

My guy what is this.

The Lumbar Chair Company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 140,000 chairs. During the month, the firm completed 180,000 chairs and transferred them to the Finishing Department. The Assembly Department ended the month with 25,000 chairs in process. All direct materials costs are added at the beginning of the production cycle. Conversion costs are incurred uniformly over the production cycle. Weighted-average costing is used by Lumbar. How many of the chairs that were started were also completed during February

Answers

Answer:

115,000 chairs

Explanation:

Calculation to determine How many of the chairs that were started were also completed during February

Using this formula

Chairs started and Completed=Beginning chairs production-Ending chairs production

Let plug in the formula

Chairs started and Completed=140,000 chairs- 25,000 chairs

Chairs started and Completed= 115,000 chairs

Therefore The numbers of chairs that were started and were also completed during February will be 115,000 chairs

Jack and Jill are the only two residents in a neighbourhood, and they would like to hire a security guard. The value of a security guard is $50 per month to Jack and $90 per month to Jill. Irrespective of who pays the guard, the guard will protect the entire neighbourhood and charge $120 per month for the service. Suppose Jack earns $4,000 per month and Jill earns $8,000 per month.
a. With a proportional tax of 1 percent on income, how much would Jack and Jill pay, and would it be enough to pay for the security guard?
Jack would pay $ _____.
Jill would pay $ _____.
This tax _____ be enough to pay for the security guard.
b. Suppose instead that Jack proposes a payment scheme under which Jack and Jill would each receive the same net benefit from hiring the guard. How much would Jack and Jill pay now?
Jack would pay $ _____.
Jill would pay $ _____.
Would both Jack and Jill vote for this scheme? _____

Answers

Answer:

Jack and Jill

a. With a proportional tax of 1 percent on income, it would be enough to pay for the security guard $120.

Jack would pay $ __40___.

Jill would pay $ __80___.

This tax _will____ be enough to pay for the security guard.

b. Based on net benefit from the guard:

Jack would pay $ __43___.

Jill would pay $ _ 77____.

Would both Jack and Jill vote for this scheme? __No___ Jack will feel cheated by Jill in the sum of $3.  Jack will likely prefer the 1% based on income.

Explanation:

a) Data and Calculations:

Value of a security guard for Jack = $50 per month

Value of a security guard for Jill = $90 per month

Total value of a security guard for both Jack and Jill = $140 ($50 + $90)

Cost of hiring a guard = $120 per month

Jack's monthly earnings = $4,000

Jill's monthly earnings = $8,000

Total monthly earnings for both Jack and Jill = $12,000

a. Proportional tax of 1 percent on income = $120 ($12,000 * 1%)

Jack will pay $4,000 * 1% = $40

Jill will pay $8,000 * 1% =    $80

Total = $120

b. Net benefit scheme:

Jack will pay $50/$140 * $120 = $43

Jill will pay $90/$140 * $120 =    $77

Total = $120

Sheffield Corp. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $2850000. The company used 1000 hours of processing on Job No. B12 during the period and incurred overhead costs totaling $2900000. The budgeted machine hours for the year totaled 20000. How much overhead should be applied to Job No. B12

Answers

Answer:

the overhead applied is $142,500

Explanation:

The computation of the overhead applied is shown below:

= Estimated annual overhead cost ÷ budgeted machine hours × used hours

= $2,850,000 ÷ 20,000 machine hours × 1,000 hours

= $142,500

Hence, the overhead applied is $142,500

We simply applied the above formula

Research shows that global managers face a much different leadership context as compared to their domestic counterparts.

a. True
b. False

Answers

Answer:

a. True

Explanation:

The statement is correct due to the fact that global managers have a leadership style focused on a multicultural environment, while domestic managers have a leadership trait that is directly impacted by local culture, as is the case, for example, of company managers in Muslim countries. , where there is a code of conduct and management very different from that practiced in companies in America for example. There are several leadership styles, some of which are autocratic, human and participatory, and the local and organizational culture directly influences the style of domestic management.

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