Answer:
1) May 15, 2017, merchandise sold on account to Baxter
Dr Accounts receivable 5,900
Cr Sales revenue 5,900
Sometime prior to August 10, but after May 15, bad debt must be recorded
Dr Bad debt expense 5,900
Cr Allowance for doubtful accounts 5,900
August 10, 2017, write off of uncollectible account
Dr Allowance for doubtful accounts 5,900
Cr Accounts receivable 5,900
December 1, 2017, write off is reversed
Dr Accounts receivable 5,900
Cr Allowance for doubtful accounts 5,900
December 1, 2017, check received + notes receivable
Dr Cash 1,100
Dr Notes receivable 4,800
Cr Accounts receivable 5,900
December 31, 2017, accrued interest revenue
Dr Interest receivable 36
Cr Interest revenue 36
January 1, 2018, collection of notes receivable
Dr Cash 4,872
Cr Interest receivable 36
Cr Interest revenue 36
2) If a company owes money, the option of a lawsuit exists, even if Lenox does not fila a lawsuit, Baxter's credit history will be negatively affected. A bad credit history negatively affects both individuals and businesses.
The company can manufacture two food processors per machine hour and three espresso machines per machine hour. The company's production capacity is 1,200 machine hours per month.To maximize profits, what product and how many units should the company produce in a month
Answer:
3,600 Espresso Machines and 0 Food Processors
Explanation:
The computation is shown below:
Particulars Food processers Espresso machines
Sales $125 $225
Less: Variable cost -$50 $150
Contribution margin $75 $75
Units per machine hour 2 3
CM per machine hour $50 $225
rank 2 1
Here the expresso machines should be chosen
Also the number of units would be
= 1,200 × 3
= 3,600
Hence, 3,600 Espresso Machines and 0 Food Processors
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%
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.
Learn more :
https://brainly.com/question/20630008?referrer=searchResults
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
A time ticket: Shows the time an employee worked on each job only. Shows the time an employee worked on each job and the total cost chargeable to each job only.
Answer: a. the time that a department's employees worked on all jobs, the pay rate of each employee, and the total cost chargeable to each job.
Explanation:
Time tickets help record the number of hours an employee worked. It is therefore very useful in calculating the wages due to a worker as that is based on the number of hours worked.
The time ticket will include the time that the employee worked on all jobs, the pay rate for the employee for those jobs and the total cost to the company for each job the the employee performed.
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
Learn more about salary here: brainly.com/question/29105365
#SPJ2
Assuming the Fashion line is discontinued, total fixed costs remain unchanged, and the space formerly used to produce the Fashion line is used to increase the production of Hiking boots by 250%, how will operating income be affected
Answer:
A) Increase $137,500
Explanation:
Calculation for how will operating income be affected
CHANGE IN OPERATING INCOME
Sales Revenue (Additional) $850,000
(250 %* 340,000)
Less Variable expenses (Additional) ($587,500)
(250 % *$ 235,000)
Contribution Margin $ 262,500
($850,000-$587,500)
Less Fixed Expenses ($76,000)
($262,500-$76,000)
Operating Income $ 186,500
( $ 262,500-$76,000)
Less Previous Operating Income ($49,000)
Operating Income $137,500 Increase
($ 186,500-$49,000)
Therefore the operating income will increase by $137,500
Well-functioning markets allow: a. mutually beneficial trades to take place. b. property rights to be unnecessary components of effective distribution. c. producers to gain at the expense of consumers. d. consumers to gain at the expense of producers. e. producers to reap greater benefits since they have greater power in the market
Answer:
a. mutually beneficial trades to take place.
Explanation:
Well-functioning markets allow mutually beneficial trades to take place.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Hence, a well-functioning market such as a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.
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.
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
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
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
If the opportunity cost of capital is 11%, and you have unlimited access to the capital, which one(s) would you accept
Answer:
Only Projects B and C would be accepted.
Explanation:
Note: This question is not complete. See the attached pdf file for the complete question.
The explanation of the answer is now given as below.
Since there is an unlimited access to the capital, tTo decide which project to accept, we first calculate the net present values (NPVs) of Projects A, B and C to see which one have positive NPV.
Note: See the attached excel file for the calculation of the net present values (NPVs) of Projects A, B and C.
In the attached excel, the following formula is used:
Discounting Factor = 1/(1 + r)^n
Where;
r = Opportunity cost of capital or interest rate = 11%, or 0.11
n = the year under consideration
From the attached excel file, we have:
NPV of Project A = ($1,094) = -$1,094
NPV of Project B = $3,250
NPV of Project C = $2,200
Decision criterion: Accept projects with positive NPV and reject projects with negative NPV.
Conclusion:
Based on the, only projects B and C which have positive NPV of $3,250 and $2,200 respectively would be accepted, while project A with a negative NPV of -$1,094 would be rejected.
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.
Learn more about account receivable here: https://brainly.com/question/24583782
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
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.
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
Because Mr. Reuben is concerned about employee turnover, including a ______ plan that includes years of service would serve as an incentive for employees to remain with the organization.
Answer:
Pension benefit plan
Explanation:
A pension benefit plan is one where an employee promises to make a lump payment or a series of payments to an employee on retirement.
There is a guaranteed payment for the employee upon retirement.
It includes employee's pay, years of employment, and age at point of retirement.
As the pension benefit plan takes into consideration the number of years served by the employee it will be a perfect fit for Mr. Reuben's staff.
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.
A disadvantage of franchising to the franchisee is: Group of answer choices national name recognition ongoing management training program standardized operating procedures restricted operating freedom assistance in site location
Answer:
restricted operating freedom
Explanation:
Franchise is a license consisting of a contractual arrangement between a parent company and another, that allows individuals or an organization access to its knowledge, processes, trademarks in order to provide a service.
One of the main advantages of a franchise is that, franchisers such as McDonald do not require additional capital and development expenses to have their businesses being situated in a foreign market or country, as they only required to issue licenses to franchisors who are interested in being part of their business by paying a fee.
Hence, a disadvantage of franchising to the franchisee is restricted operating freedom.
Additionally, a product distribution franchise can be defined as a supplier-dealer business relationship in which a dealer (franchisee) is granted a license by the manufacturer (franchisor) to sell and distribute their products.
In this type of franchise, the dealer (franchisee) is only granted the license to use just the logos and trademarks of the manufacturer (franchisor) but not the framework (system) for the establishment and operations of the business.
Some examples of a product distribution franchise is Fords motors, Coca-Cola, mobile homes, Guiness etc.
Formal declaration by the chairperson that the meeting has begun is called
Answer: call to order
Explanation:
The formal declaration by the chairperson that the meeting has begun is referred to as the call to order.
The call to order is used to begin a meeting formally, keep everyone quiet and make sure that the rules are rules by the people in the meeting.
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
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
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.
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%
Ethan is a young salesperson who is tasked with establishing and maintaining good relationships with his customers. Whenever he approaches a customer to sell his product, he begins a series of conversations with the customer to determine his or her needs, communicates how the product can create value for the customer, and negotiates a business deal with the customer and earns his or her commitment. In this scenario, Ethan most likely engages in
Answer: Sales dialogue
Explanation:
From the information given in the question, we can see that Ethan is engaging in sales dialogue.
A sales dialogue is a form of communication whereby the seller of a product talks with the customers so that the seller can understand what the buyer wants and the seller finds a way to solve that and meet the needs of the buter.
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%
Suppose that you are on a desert island and possess exactly 20 coconuts. Your neighbor, Friday, is a fisherman, and he is willing to trade 2 fish for every 1 coconut that you are willing to give him. Another neighbor, Kwame, is also a fisherman, and he is willing to trade 3 fish for every 1 coconut.
a. On a single figure, draw budget lines for trading with Friday and for trading with Kwame. (Put coconuts on the vertical axis.)
b. What is the slope of the budget line from trading with Friday?
c. What is the slope of the budget line from trading with Kwame?
d. Which budget line features a larger set of attainable combinations of coconuts and fish?
e. If you are going to trade coconuts for fish, would you rather trade with Friday or Kwame?
Answer:
a) see attached image
b) Friday's slope = 1/2
c) Kwame's slope = 1/3
d) Kwame's budget line since it includes 60 fish on one side and 20 coconuts on the other.
e) Kwame is willing to pay more fish per coconut
LBM, Inc. issues 25,000 shares of common stock for $20 per share. The stock has a par value of $1 per share. By what amount would LBM credit capital in excess of par? Group of answer choices $500,000 $475,000 $25,000
Answer:
$475,000
Explanation:
Calculation for By what amount would LBM credit capital in excess of par
Dr Cash $500,000
(25,000 shares*$20 per share)
Cr Common Stock $25,000
(25,000 shares*$1 per share)
Cr Capital in excess of par $475,000
($500,000-$25,000)
Therefore based on the above Journal entry and calculation the amount that LBM would credit as capital in excess of par will be $475,000 ($500,000-$25,000).
One project has three cash flows: att0, the initial investment cost is $150; att1, theproject pays $121; att2, the project needs an extra investment $242; att3, the projectpays $665.5. The project has a constant spot rate of return 10%. What is the presentvalue of the project
Answer:
$260
Explanation:
the cash flows associated to this project are:
year 0 = -$150
year 1 = $121
year 2 = -$242
year 3 = $665.50
the discount rate is 10%
using a financial calculator, the project's net present value (NPV) = $260
since the NPV is positive, then this project should be carried out