Server Corporation is a majority-owned subsidiary of Proxy Corporation. Proxy acquired 75 percent ownership on January 1, 20X3, for $133,500. At that date, Server reported common stock outstanding of $60,000 and retained earnings of $90,000, and the fair value of the noncontrolling interest was $44,500. The differential is assigned to equipment, which had a fair value $28,000 more than book value and a remaining economic life of seven years at the date of the business combination. Server reported net income of $30,000 and paid dividends of $12,000 in 20X3.

Required:
a. Give the journal entries recorded by West during 20X3 on its books if it accounts for its investment in Canton using the equity method.
b. Give the eliminating entries needed at December 31, 20X3, to prepare consolidated financial statements.

Answers

Answer 1

Answer:

1/1/2013

Dr Investment in server corporation $133,500

Cr Cash $133,500

1/1/2013

Dr Investment in server corporation $22,500

Cr Cash $22,500

1/1/2013

Dr Cash $9000

Cr Investment in server corporation $9000

1/1/2013

Dr Investment in server corporation $3000

Cr Investment income from serverbcorporation $3000

Explanation:

Preparation of the journal entries

1/1/2013

Dr Investment in server corporation $133,500

Cr Cash $133,500

(To record cash invested)

1/1/2013

Dr Investment in server corporation $22,500

($30,000*75/100)

Cr Cash $22,500

( To record cash invested according to net income)

1/1/2013

Dr Cash $9000

Cr Investment in server corporation $9000

( To record cash received)

1/1/2013

Dr Investment in server corporation $3000

Cr Investment income from serverbcorporation $3000

( To record cash recieved from income)


Related Questions

One potential advantage of financing corporations through the use of bonds rather than common stock is: ______________

a. the corporation must pay the bonds at maturity
b. the interest on bonds must be paid when due
c. a higher earning per share is guaranteed for existing common shareholders
d. the interest expense is deductible for tax purposes by the corporation.

Answers

Answer:

d. the interest expense is deductible for tax purposes by the corporation.

Explanation:

Corporate finance can be regarded as division of finance which handles the way corporations deal with activities such as investment decisions as well as funding sources and capital structuring. Corporate finance primarily deals with maximization of shareholder value by the use of long and short-term financial planning as well as implementation of various strategies. financing of corporations could be through the use of bonds as well as use of common stock.

There are different advantages that is associated to issuing bonds instead of issuing shares of common stock, is that Interest that comes on bonds as well as other debt is deductible as regards to the income tax return of the corporation while the dividends that comes on common stock are not regarded as deductible on the income tax return. It should be noted that One potential advantage of financing corporations through the use of bonds rather than common stock is the interest expense is deductible for tax purposes by the corporation.

Statement of Cash Flows (Indirect Method)
Use the following information regarding the Lund Corporation to (a) prepare a statement of cash flows using the indirect method and (b) compute Lund's operating-cash-flow-to-current-liabilities ratio.
Accounts payable increase $13,500
Accounts receivable increase 6,000
Accrued liabilities decrease 4,500
Amortization expense 9,000
Cash balance, January 1 33,000
Cash balance, December 31 22,500
Cash paid as dividends 43,500
Cash paid to purchase land 135,000
Cash paid to retire bonds payable at par 90,000
Cash received from issuance of common stock 52,500
Cash received from sale of equipment 25,500
Depreciation expense 43,500
Gain on sale of equipment 6,000
Inventory decrease 19,500
Net income 114,000
Prepaid expenses increase 3,000
Average current liabilities 150,000
a. Use negative signs with cash outflow answers.
LUND CORPORATION
Statement of Cash Flows
For Year Ended December 31
Cash Flow from Operating Activities
Net Income Answer
Add (deduct) items to convert net income to cash basis
Depreciation Answer
Amortization Answer
Gain on Sale of Equipment Answer
Accounts Receivable Increase Answer
Inventory Decrease Answer
Prepaid Expenses Increase Answer
Accounts Payable Increase Answer
Accrued Liabilities Decrease Answer
Cash Flow Provided by Operating Activities Answer
Cash Flow from Investing Activities
Sale of Equipment Answer
Purchase of Land Answer
Cash Used by Investing Activities Answer
Cash Flow from Financing Activities
Issuance of Common Stock Answer
Retirement of Bonds Payable Answer
Payment of Dividends Answer
Cash Used by Financing Activities Answer
Net Decrease in Cash Answer
Cash at Beginning of Year Answer
Cash at End of Year Answer
b. Operating-cash-flow-to-current-liabilities ratio (Round answers to two decimal places.)

Answers

Answer:

Cash Flow from Operating Activities

Net Income                                                             $114,000

Items to convert net income to cash basis

Depreciation                                                           $43,500

Amortization                                                           $9,000

Gain on Sale of Equipment                                  -$6000

Accounts Receivable Increase                            -$6000

Inventory Decrease                                               $19500

Prepaid Expenses Increase                                 -$3000

Accounts Payable Increase                                   $13500

Accrued Liabilities Decrease                                -$4500

Cash Flow Provided by Operating Activities A  $180,000

Cash Flow from Investing Activities

Sale of Equipment                                                  $25,500

Purchase of Land                                                 -$135,000

Cash Used by Investing Activities B                  -$109,500

Cash Flow from Financing Activities

Issuance of Common Stock                                   $52,500

Retirement of Bonds Payable                               -$90,000

Payment of Dividends                                           -$43,500

Cash Used by Financing Activities C                 -$81,000

Net Decrease in Cash(A+B+C)                             -$10,500

Cash at Beginning of Year                                     $33,000

Cash at End of Year                                                $22,500

b. Operating cash flow to Current liabilities ratio = Operating Activities Cash Flow / Average current liabilities

Operating cash flow to Current liabilities ratio = $180,000 / $150,000

Operating cash flow to Current liabilities ratio = 1.2

Which of the following is an indirect manufacturing cost in a manufacturing company?

a. Indirect Materials
b. Real estate taxes on the factory
c. Salary of production floor manager
d. All of the above would be considered indirect manufacturing costs

Answers

Answer:

d

Explanation:

Indirect costs are costs of production that cannot be directly linked to a unit, activity or product.

Indirect manufacturing costs are cost of production that cannot be directly linked to a good that is produced.

Examples of indirect manufacturing cost include :

Indirect Materialsutility machine maintenance  Real estate taxes on the factoryDepreciation Salary of production floor manager

Phillips Co. is growing quickly. Dividends are expected to grow at a rate of 20 percent for the next three years, with the growth rate falling off to a constant 8 percent thereafter. If the required return is 11 percent and the company just paid a dividend of $1.45, what is the current share price

Answers

Answer:

$69.47

Explanation:

D1 = ($1.45*1.20) = $1.7

D2 = ($1.7*1.20) = $2.04

D3 = ($2.04*1.20) = $2.45

Value after year 3 = (D3*Growth Rate) / (Required rate-Growth Rate)

Value after year 3 = ($2.45*1.08) / 0.11-0.08

Value after year 3 = $2.646 / 0.03

Value after year 3 = $88.20

Current share price = Future dividend and value*Present value of discounting factor(rate%,time)

Current share price = $1.7/1.11 + $2.04/(1.11)^2 + $2.45/(1.11)^3 + $88.20/(1.11)^3

Current share price = $1.5315315 + $1.65571 + $1.7914189 + $64.49107

Current share price = $69.4697304

Current share price = $69.47

Suppose that the money supply and the nominal GDP for a hypothetical economy are $96 bilion and $336 bilion, respectively. (In part a round your answer to 1 decimal place. In part c enter your answer as a whole number.)a. What is the velocity of money?b. How will households and businesses react if the central bank reduces the money supply by $20 billion?
i. Households and businesses will increase spendingii. Households and businesses will not react.iii. Households and businesses will reduce spending.c. By how much will nominal GDP have to fall to restore equilibrium, according to the monetarist perspective?

Answers

Answer:

V = 3.5  (1 dollar circulates 3.5 times in a year)

In short term – Reduction of aggregate demand and real output

In long term – reduction of wages and increase of real output of firms

Nominal GDP will fall by $20 bilion

Explanation:

Equation of monetisation =  

Total money in circulation = Total money demanded/total output

Money Supply * Money Velocity = Price Level * GDP

V = PY/M  

Substituting the given values, we get –  

V = 336/96  

V = 3.5  

This indicates 1 dollar circulates 3.5 times in a year

In short term – Reduction of aggregate demand and real output

In long term – reduction of wages and increase of real output of firms

Nominal GDP will fall by $20 bilion

Other things equal, the deadweight loss of a tax Group of answer choices decreases as the size of the tax increases. increases as the size of the tax increases, but the increase in the deadweight loss is less rapid than the increase in the size of the tax. increases as the size of the tax increases, and the increase in the deadweight loss is more rapid than the increase in the size of the tax. increases as the price elasticities of demand and/or supply increase, but the deadweight loss does not change as the size of the tax increases.

Answers

Answer:

increase as the size of the tax increase, and the increase in the deadweight loss is more rapid than the increase in the size of the tax.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

The different types of tax include the following;

1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.

2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.

3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.

Other things being equal (ceteris paribus), the deadweight loss (loss of economic efficiency due to a lack of balance in competing economical influences for goods or services) of a tax increase as the size of the tax increase, and the increase in the deadweight loss is more rapid than the increase in the size of the tax.

There are linkages between the microeconomic decisions made by managers and the macroeconomic environment. There are numerous examples from the current recession of company layoffs at the micro level, directly influenced by the decline in economic activity at the macro level. For this assignment, research this linkage. How did the recession impact businesses/managers at the macro and micro levels? You may use one company as the basis of your research.

Answers

Answer:

One typical example of this linkage between the economy at the macroeconomic level, and business decisions at the macroeconomic and microeconomic level, is what happened with Lehman Brothers in 2008.

Explanation:

Lehman Brothers was one of the main investment banks in the United States. During the years prior to the financial crisis, Lehman Brothers decided to pursue a risky but profitable strategy of over leveraging -lending a lot more money than they had as deposits.

Once the financial crisis hit, a macroeconomic event, it affected the company at the macro and micro level. At the macro level because Lehman Brothers itself ceased to exist as it went bankrupt, and at the micro level, because it had to enter a process to pay off some debtors, and some of the employees who were laid off due to the dissolution of the firm.

a. Develop a probability distribution for x
b. Compute the expected value of x
c. Compute the variance and standard deviation for x
d. Comment on what your results imply about wind conditions during boating accidents

Answers

a. Answer:The corresponding probabilities are obtained by converting the percentages into probabilities. That is, by dividing each value with 100.

F/N (where F =percentage of accidents and N =100)

Explanation:

 X 0 1 2 3 4

f(X) 0.096 0.57 0.238 0.077 0.019

b.  The formula for the expected value of a discrete random variable is E(x)= µ=∑xf(x)

X F(X) X.f(X)

0 0.096 0

1 0.57 0.57

2 0.238 0.476

3 0.077 0.231

4 0.019 0.076

Total         1      1.353

Hence, the value for expected value of X is 1.353

The formula for the variance of the discrete random variables is Var(x)= σ² =∑(x-µ)²f(x)

X F(X) (x-µ) (x-µ)² (x-µ)².f(x)

0 0.096 -1.353 1.8306 0.1757

1 0.57 -0.353 0.1246 0.0710

2 0.238 0.647 0.4186 0.0996

3 0.077 1.647 2.7126 0.2089

4 0.019 2.647 7.0066 0.1331

Total 1 3.235 12.0930 0.6884

Hence, the variance of the random variable x is 0.6884

The formula for the standard deviation of the discrete random variables is

σ=√(∑[(x-µ)².f(x)] )

Thus, the standard deviation is σ= √0.6884

                     =0.8297

Hence, the standard deviation of the random variable x is 0.8297  

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

Answers

Explanation:

ayes

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

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

A company projects an increase in net income of $108000 each year for the next five years if it invests $900000 in new equipment. The equipment has a 5-year life and an estimated salvage value of $300000. What is the annual rate of return on this investment?
a. 20.5%
b. 31.0%
c. 30.0%
d. 30.8%

Answers

Answer:

18 %

Explanation:

Annual rate of return on this investment = annual profit / average investment x 100

where,

annual profit = $108000

average investment = (initial cost + salvage value) ÷ 2

                                 = ($900000 + $300000) ÷ 2

                                 = $600,000

therefore,

annual rate of return on this investment = $108000 / $600,000 x 100

                                                                   = 18 %

Mccloe Corporation's balance sheet and income statement appear below:


Mccloe Corporation Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Cash and cash equivalents $68 $48
Accounts receivable 62 67
Inventory 88 67
Property, plant and equipment 585 570
Less: accumulated depreciation 273 267
Total assets $530 $485

Liabilities and stockholders' equity:
Accounts payable $81 $62
Accrued liabilities 54 33
Income taxes payable 62 62
Bonds payable 89 154
Common stock 57 47
Retained earnings 187 127
Total liabilities and stockholders' equity $530 $485

Income Statement:
Sales $681  
Cost of goods sold 425  
Gross margin 256  
Selling and administrative expenses 188  
Net operating income 68  
Gain on sale of plant and equipment 30  
Income before taxes 98  
Income taxes 36  
Net income $62 

Cash dividends were $2. The company did not issue any bonds or repurchase any of its own common stock during the year. The net cash provided by (used in) financing activities for the year was: ___________

Answers

Answer:

$57

Explanation:

Repayment of bond = Beginning balance - Ending balance

Repayment of bond = $154 - $89

Repayment of bond = $65 (Outflow)

Increase in common stock = Beginning balance - Ending balance

Increase in common stock = $57 - $47

Increase in common stock = $10 (Inflow)

Dividend paid = $2 (Outflow)

Net cash used in financing activities = Repayment of bond + Dividend paid - Increase in common stock

Net cash used in financing activities = $65 + $2 - $10

Net cash used in financing activities = $57

So, the net cash provided by (used in) financing activities for the year was $57.

Nexis Corp. issues 1,000 shares of $15 par value common stock at $22 per share. When the transaction is recorded, credits are made to:______.
a. Common Stock, $22,000, and Retained Earnings, $15,000
b. Common Stock, $22,000
c. Common Stock, $15,000, and Paid-In Capital in Excess of Par, $7,000
d. Common Stock, $7,000, and Paid-In Capital in Excess of Stated Value, $15,000

Answers

Answer: C. Common Stock, $15,000, and Paid-In Capital in Excess of Par $7,000

Explanation:

The journal entry that will be made for this transaction include:

Debit Cash $22,000

Credit Common Stock $15,000

Credit Paid-In Capital in Excess of Par $7,000

Therefore, the correct option is C

Absorption and Variable Costing; Inventory Valuation Bondware Inc., has a highly automated assembly line that uses very little direct labor. Therefore, direct labor is part of variable overhead. For March, assume that it incurred the following unit costs: Direct materials $520 Variable overhead 460 Fixed overhead 180The 100 units of beginning inventory for March had an absorption costing value of $92,000 and a variable costing value of $78,000. For March, assume that Bondware Inc. produced 500 units and sold 540 units.
Compute Bondware's March Cost of Goods Sold using both the variable and absorption costing methods.

Answers

Answer:

Following are the response to the given question:

Explanation:

                            Cost of Goods Sold  

Absorption costing [tex]92000+440\times (520+460+180) \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ = 602400[/tex]

Variable costing [tex]78000+440\times (520+460) \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ =509200[/tex]

What is penetration pricing?

Answers

Explanation:

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

Answer:

lowering prices for lower market share

Explanation:

something along those lines

Fones Inc. and Speed Dial Corp. are two competitors in the mobile phone market. The cost incurred by each company to manufacture smartphones is $200 per unit. Although both the companies sell their smartphones at the same price, Speed Dial Corp. has a larger market share in the smartphone industry. What does this imply

Answers

Answer: C. Speed Dial Corp has been able to offer more perceived value than Fones Inc.

Explanation:

Both companies incur the same costs to produce the phone and also sell at the same price. This means that they should be selling the same number of phones in theory. This is not the case however as Speed Dial Corp is selling more.

The reason Speed Dial must be selling more phones is that they sell a better phone for the same price. In offering more value to the customer for the same price, the customers are buying more from Speed Dial than from Fones because they are getting a better deal for the same price which means that Speed Dial's phone is undervalued.

Niendorf Corporation's 25-year maturity bonds have an 8.75% coupon rate with interest paid semiannually, and a par value of $1,000. if your required rate of return is 13% what is the intrinsic value of the bond

Answers

Answer: $687.10

Explanation:

The value of a bond is the present value of the bond's coupon payments plus the present value of the bond's par value at maturity.

First convert terms to semi-annual periods as the coupon rate is semi annual:

Coupon payment = (1,000 * 8.75%) / 2 = $43.75

Required return = 13% / 2 = 6.5%

Number of periods = 25 * 2 = 50 semi annual periods

The coupon payment is an annuity so the value of the bond is:

= Present value of annuity + Present value of par

= (43.75 * ( 1 - (1 + 6.5%) ⁻⁵⁰) / 6.5%) + 1,000 / ( 1 + 6.5%)⁵⁰

= $687.10

Globe Manufacturing Company has just obtained a request for a special order of 12,000 units to be shipped at the end of the current year at a discount price of $7.00 each. The company has a production capacity of 90,000 units per year. At present, Globe is only selling 80,000 units per year through regular channels at a selling price of $11.00 each. Globe's per unit costs at an 80,000 unit level of production and sales are as follows:

Variable manufacturing expenses $4.60
Fixed manufacturing expenses $1.80
Variable selling and administrative expenses $1.00
Fixed selling and administrative expenses $0.45

Variable selling and administrative expense will drop to $0.30 per unit on the special order units. The special order has to be taken in its entirety. This means that by accepting the special order, Globe will be forced to not sell 2,000 units to its regular customers.

Required:
If Globe accepts this special order, by what amount will its net operating income increase or decrease?

Answers

Answer:

Globe Manufacturing Company

f Globe accepts this special order, its net operating income will decrease by:

= $19,300.

Explanation:

a) Data and Calculations:

Special order units = 12,000

Special order price = $7.00 each

Annual Production Capacity = 90,000 units

Annual Sales Units = 80,000

Normal selling price = $11

Per unit costs at 80,000 units level:

Variable manufacturing expenses $4.60

Fixed manufacturing expenses $1.80

Variable selling and administrative expenses $1.00

Fixed selling and administrative expenses $0.45

Variable manufacturing expenses $4.60 * 12,000 = $55,200

Fixed manufacturing expenses $1.80 * 10,000 = $18,000

Variable selling and administrative expenses $0.30 * 12,000 = $3,600

Fixed selling and administrative expenses $0.45 * 10,000 = $4,500

Lost revenue from non-sale of 2,000 at $11 = $22,000

Total costs of special order = $103,300

Sales revenue from special order = $84,000 ($7 * 12,000)

The net operating income will decrease by $19,300 ($103,300 - $84,000)

Suppose the government imposes a tax on three products with differing demand elasticities. Match the product to the group that will most likely bear the incidence of the tax.

a. the government
b. producers
c. consumers and producers
d. consumers

1. highly inelastic
2. somewhat elastic
3. highly elastic

Answers

Answer:

a. Government - highly  Inelastic

b. producers - Somewhat elastic

c. consumers and producers -   Highly elastic  

d. consumers - Highly elastic

Explanation:

Inelastic demand is that which does not changes with the change in the price of any product.

Government oriented demand remains constant irrespective of pricing and hence it is highly inelastic while in case of producers and consumers, the demand may vary depending on the substitute availability in the market

Answer: producer - highly elastic

Consumers and producers - somewhat elastic
Consumers - highly inelastic

government- none

Explanation:

The Johnson Robot Company’s marketing managers estimate that the demand curve for the company’s robots in 2012 is P = 6,000 - 40Q where P is the price of a robot and Q is the number sold per month. If the firm wants to maximize its dollar sales volume, what price should it charge?

Answers

Economics: P= Price and Q = Quantity Demanded.

Assume that you manage a risky portfolio with an expected rate of return of 14% and a standard deviation of 30%. The T-bill rate is 6%. Your risky portfolio includes the following investments in the given proportions: Stock A 24 % Stock B 32 Stock C 44 Your client decides to invest in your risky portfolio a proportion (y) of his total investment budget with the remainder in a T-bill money market fund so that his overall portfolio will have an expected rate of return of 13%. a. What is the proportion y? (Round your answer to 1 decimal places.) b. What are your client's investment proportions in your three stocks and in T-bills? (Round your intermediate calculations and final answers to 2 decimal places.) c. What is the standard deviation of the rate of return on your client's portfolio?

Answers

Answer:

a. 87.5%

b. Stock A: 21%; Stock B: 28%; Stock C: 38.5%; T-bill: 12.5%

c. Standard deviation of the client's portfolio: 26.25%

Explanation:

a. y is calculated as:

Risky portfolio return * y +  T-bill return * (1 - y) = Expected return of the portfolio <=> 0.14y + 0.06 ( 1-y) = 0.13 <=> y = 87.5%

b. Client investment in each stock and in T-bills:

Client investment in each stock = 0.875 * percentage of each stock in a risky portfolio ( because the risky portfolio is accounted for 87.5% of the whole investment)

=> Stock A = 24% x 0.875 = 21% ; Stock B = 32% * 0.875 = 28% ; Stock C = 44 * 0.875 = 38.5%

Client investment in T-bill = 1- y = 1 - 0.875 = 12.5%

c. Standard deviation is calculated as: Standard deviation of risky portfolio * y = 30% * 87.5% = 26.25% (because standard deviation of return in T-bill is 0)

Suppose that Sarita has a gross annual income of $43,000. Her annual deductions for taxes, 401(k) retirement plan contributions, and health insurance amount to $9,400. This leaves Sarita with an annual disposable income of $33,600. Dividing Sarita annual disposable income by 12, you can determine that Sarita has a monthly disposable income of $__________ .

Answers

Answer:

Monthly disposal income = $2,800

Explanation:

Disposal income is the amount left for spending after all statutory deductions and taxes have been subtracted from an employees' income.

Annual Disposal income = Annual gross Income - statutory deductions and taxes

Monthly disposal income = Annual disposal/12

                           = (43,000-9,400)/12= $2,800

Monthly disposal income = $2,800

Các bn ơi giúp mình giải bài này với ạ. Mình cảm ơn.
Doanh nghiệp là doanh nghiệp sản xuất máy điều hòa nhiệt độ có công suất 30000BTU. Tình hình sản xuất kinh doanh trong tháng là:
- tiêu thụ trong nước 500 chiếc với giá bán chưa thuế GTGT là 5500000đ/ chiếc.
- Bán cho doanh nghiệp trong khu chế xuất 50 chiếc với giá bán tại cửa khẩu chu chế xuất là 250USD/ chiếc ( giá FOB)
Biết thuế suất thuế TTĐB là 10%. Tỷ giá đối đoái: 1USD= 20000 VND. Tính thuế TTĐB phải nộp.

Answers

Answer:

What

Explanation:

WHat

Trio Company reports the following information for the current year, which is its first year of operations.

Direct materials $13 per unit
Direct labor $19 per unit
Overhead costs for the year Variable overhead $4 per unit
Fixed overhead $200,000 per year
Units produced this year 25,000 units
Units sold this year 19,000 units
Ending finished goods inventory in units 6,000 units

Required:
Compute the cost per unit of finished goods using 1) absorption costing and 2) variable costing.

Answers

Answer:

1. $44

2.$36

Explanation:

Absorption Costing

Include all manufacturing costs, both variable and fixed in product cost.

Product Cost

Direct materials             $13

Direct labor                    $19

Variable overhead         $4

Fixed overhead              $8

Total                              $44

Variable Costing

Include only the variable manufacturing cost in product costing.

Product Cost

Direct materials             $13

Direct labor                    $19

Variable overhead         $4

Total                              $36

Five obstacles that must be overcome converting from traditional system to lean

Answers

Management may not be as committed to change or devoted to giving up resources that are needed to convert. Workers/managements may not be cooperative to the change.

mark me brainliestt :))

Durango Co. has cash receipts of $120,000 and total cash disbursements of $112,000. Durango Co. started with a beginning cash balance of $4,000 and desires an ending cash balance of $8,000. Durango Co. can borrow money in $1,000 increments. How much debt can Durango Co. repay and still meet its desired cash requirement?

Answers

Answer:

See below

Explanation:

Form the above, we can compute Durango Co loan repayment as seen below;

= Beginning cash balance + Cash receipts - total cash disbursement

= $4,000 + $120,000 - $112,500 = 11,500

Ending cash balance = $8,000

Then,

= $11,500 - $8,000

= $2,500

It therefore means that Durango Co. can repay $2,500 and still meets its desired cash requirement

Compute the Work-In-Process transferred to the finished goods warehouse on April 30 using the following information:

Work-In-Process Inventory, April 30 $245
Direct materials purchased during April $220
Work-In-Process inventory, April 1 $270
Direct labor costs incurred $370
Manufacturing overhead costs $320
Direct materials used in production $195

Answers

Answer:

$910

Explanation:

Computation for the Work-in-Process transferred to the finished goods warehouse on April 30

Using this formula

Work-in-Process transferred to finished goods warehouse=Work-In-Process Inventory, April 1+(Direct materials used in production+Direct labor costs incurred +Manufacturing overhead costs)-Work-In-Process Inventory, April 30

Let plug in the formula

Work-in-Process transferred to finished goods warehouse=$270 + ($195 + $370 + $320) - $245

Work-in-Process transferred to finished goods warehouse=$270 +$885-$245

Work-in-Process transferred to finished goods warehouse= $910

Therefore the Work-in-Process transferred to the finished goods warehouse on April 30 is $910

If the beginning balance in Firestone Auto Repair's inventory account was a $4,000 debit, what is the new balance in the inventory account after considering the new purchases?

Answers

Answer:

$9,870

Explanation:

The computation of the  new balance in the inventory account after considering the new purchases is given below;

New balance is

= Beginning balance + value of the purchase.

where,  

Value of the purchase = purchase cost + freight cost- purchase discount

= $6,000 + $170 - $300

= $5,870

So,  

New balance is

= $4,000 + $5,870

= $9,870

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

Answers

Answer: D. Common stock

Explanation:

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

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

Due to a turnover, a company hires 400 employees each year, on average. Assume that an average stay of an employee in the company is 5 years. On average, how many employees does the company have?

Answers

Answer:

On average, the company has 2000 employees.

Explanation:

Since, due to a turnover, a company hires 400 employees each year, on average; assuming that an average stay of an employee in the company is 5 years, to determine, on average, how many employees does the company have, the following calculation must be performed:

Year 0 = 0

Year 1 = 400 (+400)

Year 2 = 800 (+400)

Year 3 = 1200 (+400)

Year 4 = 1600 (+400)

Year 5 = 2000 (+400)

Year 6 = 2000 (+400 -400)

Year 7 = 2000 (+400 - 400)

Therefore, on average, the company has 2000 employees.

The controller of Sandhill Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month Total Maintenance Costs Total Machine Hours January $2,880 3,820 February 3,273 4,364 March 3,928 6,546 April 4,632 8,619 May 3,491 5,455 June 4,844 8,730 (a1) Determine the variable-cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.)

Answers

Answer:

Variable cost per unit= $0.4

Explanation:

Giving the following information:

Month Total Maintenance Costs Total Machine Hours

January $2,880 3,820

February 3,273 4,364

March 3,928 6,546

April 4,632 8,619

May 3,491 5,455

June 4,844 8,730

To calculate the variable component using the high-low method, we need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (4,844 - 2,880) / (8,730 - 3,820)

Variable cost per unit= $0.4

Other Questions
express as a single decimal:4+9/100+6/10 The greenest (most energy efficient & non polluting) way to travel to & from school are Eric was rock climbing. At one point, he stopped and climbed straight down 2\dfrac{1}{2}2 2 1 2, start fraction, 1, divided by, 2, end fraction meters. Then he climbed straight up 6\dfrac{3}{4}6 4 3 6, start fraction, 3, divided by, 4, end fraction meters. Eric was wondering what his change in elevation was after these two moves. William owns 1 share of Park stock. He purchased the stock three years ago for $17.50. The stock is currently trading for $40 per share. The stock has paid the following dividends over the past three years. o Year 1: $1.00. o Year 2: $2.00. o Year 3: $3.00. What is the compounded rate of return (IRR) that William has earned on this investment The function of g(x) is a transformation of the absolute values parent function which graphs shows g(x) 2. Is caffeine really a source of energy Susan was posting gifts to her family. She weighed three envelopes before posting them. Geace Envelope A Envelope B Envelope C Envelope A weighed x grams. Envelope B was 50 grams lighter than Envelope A. Envelope C was three times as heavy as Envelope A. If the total weight of the three envelopes was 840 grams, write an equation in x and solve it to find the weight of Envelope A. ( I NEED HELP WITH THIS, THANKS Phn bin v mt vn m bn tm c nht trong cuc sng Now differentiate between laws and theories Can someone please help me with these two: 1. Blood is at it's highest pressure just when it leaves the heart. Why do you think so?2. The blood in an artery flows faster and at higher pressure than blood in veins. Why so? 7. If Bob has a low temperature reading in his fingers, might he be stressed or relaxed? What is best way to avoid bacterial contamination Which statement about a force is not correct?A) Force can stop moving objects.B) Force can make stationary objects move.C) Force can change the mass of an object.D) Force can change the shape and size of an object I need help thanksss I need the answer to 3 times 300 Given the equation 4square root of x minus 3 = -12, solve for x and identify if it is an extraneous solution.A. x = 0, solution is extraneousB. x = 0, solution is not extraneousC. x = 12, solution is extraneousD. x = 12, solution is not extraneous Solve: 8(x + 4) = 5(x + 3)ANSWER! PLS Altuve Co. was incorporated on January 1, 2013, at which time 250,000 shares of $10 par value common stock were authorized, and 110,000 of these shares were issued for $17 per share. Net income for the year ended December 31, 2013, was $1,257,300. Altuve Co.s board of directors declared dividends of $3 per share of common stock on December 31, 2013, payable on February 7, 2014.Use the horizontal model to show the effects of the following:a. The issuance of common stock on January 1, 2013b. The declaration of dividends on December 31, 2013.c. The payment of dividends on February 7, 2014. Explain in your own words why it takes more to prove quadrilaterals congruent. Include examples demonstrating how ""just angles"" or ""just sides"" is not enough.