Answer:
1. Ý tưởng kinh doanh
2. Đặt ra mục tiêu kinh doanh và những thành quả cần đạt được
3. Nghiên cứu và phân tích thị trườn
4. Phân tích thế mạnh, điểm yếu, cơ hội và nguy c
5. Xác lập mô hình tổ chức kinh doanh
6. Lên kế hoạch marketing
7. Lập kế hoch hoạt động
8. Kế hoạch quản lý con người
9. Kế hoạch thực hiện
Explanatio
Cody Mountain Sports is an outdoor sporting goods guiding service located in northern Wyoming. Cody Mountain Sports (CMS) primarily provides guiding for common outdoor sporting activities such as rock climbing, hiking, and skiing. CMS completed the following adjusting transactions during March of 2021:
Mar. 1 CMS began operations by receiving $100,000 in cash. The business issued shares of common stock in exchange for this contribution.
Mar. 1 CMS paid $1,200 cash for a 12 month insurance policy. The policy begins Mar. 1.
Mar. 4 CMS guided a small rock climbing trip, receiving $20,000 payment in cash.
Mar. 15 CMS guided a hiking adventure, billing the customer $3,000 and receiving a promise of payment within one week.
Mar. 18 Accrued employee salaries of $10,000.
Mar. 19 Purchased fuel for vehicles on account, $1,000
Mar. 22 Collected $3,000 cash from customer on account.
Mar. 24 Paid rent on their property, $4,000 cash.
Mar. 27 Paid $1,000 cash on account.
Mar. 31 Cash dividends of $2,500 were paid to stockholders.
Required:
Post these transactions to the T-accounts.
Answer:
Cody Mountain Sports (CMS)
T-accounts:
Cash
Date Account Titles Debit Credit
Mar. 1 Common Stock $100,000
Mar. 1 Prepaid Insurance $1,200
Mar. 4 Service Revenue 20,000
Mar. 19 Vehicle Expenses 1,000
Mar. 22 Accounts Receivable 3,000
Mar. 24 Rent Expense 4,000
Mar. 27 Salaries Payable 1,000
Mar. 31 Cash dividends 2,500
Accounts Receivable
Date Account Titles Debit Credit
Mar. 15 Service Revenue $3,000
Mar. 22 Cash $3,000
Prepaid Insurance
Date Account Titles Debit Credit
Mar. 1 Cash $1,200
Salaries Payable
Date Account Titles Debit Credit
Mar. 18 Salaries Expense $10,000
Mar. 27 Cash $1,000
Common Stock
Date Account Titles Debit Credit
Mar. 1 Cash $100,000
Service Revenue
Date Account Titles Debit Credit
Mar. 4 Cash $20,000
Mar. 15 Accounts Receivable 3,000
Salaries Expense
Date Account Titles Debit Credit
Mar. 18 Salaries Payable $10,000
Vehicle Expense
Date Account Titles Debit Credit
Mar. 19 Cash $1,000
Rent Expense
Date Account Titles Debit Credit
Mar. 24 Cash $4,000
Cash Dividends
Date Account Titles Debit Credit
Mar. 31 Cash $2,500
Explanation:
a) Data and Analysis:
Mar. 1 Cash $100,000 Common Stock $100,000
Mar. 1 Prepaid Insurance $1,200 Cash $1,200
Mar. 4 Cash $20,000 Service Revenue $20,000
Mar. 15 Accounts Receivable $3,000 Service Revenue $3,000
Mar. 18 Salaries Expense $10,000 Salaries Payable $10,000
Mar. 19 Vehicle Expenses $1,000 Cash $1,000
Mar. 22 Cash $3,000 Accounts Receivable $3,000
Mar. 24 Rent Expense $4,000 Cash $4,000
Mar. 27 Salaries Payable $1,000 Cash $1,000
Mar. 31 Cash dividends $2,500 Cash $2,500
The principal-agent problem arises when ________.
a. the owners of the firm also manage the firm
b. managers serve on a firm's board of directors
c. a firm is organized as a sole proprietorship
d. the owners of the firm are not the people managing the firm
Answer:
a. the owners of the firm also manage the firm
Explanation:
In domain of supply chain management and economics principal–agent problem can be regarded as one that occur when single person or an entity stand in the position of making decisions or in position of taking actions on behalf of another person/ entity Instance of this is real-life example where the way that companies are been owned and been operated. The owners of the company i.e "principal" of the company will be the one to elect a board of directors.
It should be noted that the principal-agent problem arises when the owners of the firm also manage the firm
Flexible budgets Group of answer choices are static budgets that have been revised for changes in price(s). accommodate changes in activity levels. accommodate changes in the inflation rate. are used to evaluate capacity utilization.
Answer: accommodate changes in activity levels.
Explanation:
A flexible budget is refered to as the budget which changes based on the actual activity. It accommodate changes in activity levels.
It is the budget which is allowed to be adjusted as a result of the change in the assumptions that's used in the creation of the budget during the planning process of the management.
Answer:
accommodate changes in activity levels. is the correct choice.
Explanation:
Flexible budgets Group of answer accommodate changes in activity levels.
Your company has used competitive bidding to select a supplier for janitorial services. Three suppliers returned acceptable bids within the allotted time frame. Supplier A Supplier B Supplier C Category Weight Rating Rating Rating Quality systems 37% 3 3 4 Financial stability 28% 2 4 3 Management experience 20% 3 2 3 Price 15% 1 4 3 picture Click here for the Excel Data File All scores on a five-point scale with 1 = poor, 5 excellent.
a. Calculate the total weighted score for each supplier. (Round your answers to 2 decimal places.) Total Weighted Score
Supplier A
Supplier B
Supplier C
b. Based on these ratings from the supplier assessment, which supplier appears to be the best?
Supplier A
Supplier B
Supplier C
Answer:
a. Total weighted score:
This is a weighted average of the supplier scores in various categories.
Supplier A
= ∑(Weight of category * rating in category)
= (37% * 3) + (28% * 2) + (20% * 3) + (15% * 1)
= 2.42
Supplier B
= (37% * 3) + (28% * 4) + (20% * 2) + (15% * 4)
= 3.23
Supplier C
= (37% * 4) + (28% * 3) + (20% * 3) + (15% * 3)
= 3.37
b. Based on the ratings, Supplier C appears to be the best.
Lardo Inc. plans to build a new manufacturing plant in either Country X or Country Y. It projects gross revenue in either location of $4 million per year. Operating expenses would be $1.5 million in Country X and $1.8 million in Country Y. Country X levies income tax at a rate of 20 percent on net business income. Country Y does not have an income tax, but assesses a 10 percent tax on gross revenue, without allowance for any deductions. a. Calculate the after-tax profit for each country. b. In which country should Lardo build its new plant?
Answer:
Following are the solution to the given points:
Explanation:
For point a:
After-tax profit for each country.
For Country X:
[tex]Particulars \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ Amount(\$)\\\\Gross \ \ Revenue\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 4,000,000\\\\ Operating\ \ Expenses \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1,500,000\\\\ Pre-tax \ \ Profit \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 2,500,000 \\\\[/tex]
[tex]Tax \ [ 2,500,000 \times 20\% \ ] \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 500,000\\\\ After-tax\ \ profit\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 2,000,000[/tex]
For Country Y:
[tex]Particulars \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ Amount(\$)\\\\Gross \ \ Revenue\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 4,000,000 \\\\Operating\ \ Expenses \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1,800,000\\\\[/tex]
[tex]Pre-tax\ \ Profit \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 2,200,000\\\\Tax\ [40,00,000 \times 10\%] \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 400,000 \\\\After-tax\ \ profit \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1,800,000[/tex]
For point b:
For Country X:
Lardo is expected to establish its new plant in Country X, because Country X's after tax income is higher than Country y's after-tax income [$1,800,000].
You won a lottery that will make equal payments of $3,500 at the end of each year for the next six years. If the annual interest rate stays constant at 8%, what is the value of these payments in today’s dollars? Round your answer to the nearest whole dollar.
Answer:
$16,180.08
Explanation:
Present value can be calculated using a financial calculator
Cash flow from year 1 to 6 = 3500
i = 8%
pv = $16,180.08
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Indicate whether each of the following transactions represents the purchase of a final good.
a. the purchase of wheat from a wheat farmer by a bakery.
b. the purchase of an aircraft carrier by the federal goverment
c. the purchase of frenche wine by a U.S. consumer
d. the purchase of a new airliner by American Airlinesa
Answer:
b. the purchase of an aircraft carrier by the federal goverment - purchase of a final good.
c. the purchase of frenche wine by a U.S. consumer - purchase of a final good.
d. the purchase of a new airliner by American Airlinesa - purchase of a final good.
Explanation:
A final good is a good that is consumed directly by consumers
Purchase of final good can be classfied into :
Consumption spending includes spending by households on goods and services. Consumption spending includes :
spending on durables - e.g. laptop
spending on nondurables - e.g. clothes, food
spending on services - e.g. payment of hospital bill
the purchase of french wine is an example of consumption spending on nondurable goods
Investment - It includes purchases of goods and services made by businesses in the production of goods and services
the airplane purchased by the airline would be used to provide services for airline customers.
Government spending - It includes government consumption expenditure and gross investment. Consumption spending includes spending by households on goods and services. Consumption spending includes :
spending on durables - e.g. laptop
spending on nondurables - e.g. clothes, food
spending on services - e.g. payment of hospital bill
the purchase of a textbook by a student is an example of consumption spending on durable goods
Investment - It includes purchases of goods and services made by businesses in the production of goods and services
the airplane purchased by the airline would be used to provide services for airline customers.
Government spending - It includes government consumption expenditure and gross investment. The purchase of a new limousine for the president is an example of consumption expenditure
An intermediate good is a good that is used in the production of the final good. e.g. tthe purchase of wheat from a wheat farmer by a bakery would be used to make pastries.
Effie Company uses a periodic inventory system. Details for the inventory account for the month of January, 2015 are as follows:
Units Per unit price Total
Balance, 1/1/15 200 $5.00 $1,000
Purchase, 1/15/15 100 5.30 530
Purchase, 1/28/15 100 5.50 550
An end of the month (1/31/15) inventory showed that 160 units were on hand." uses FIFO, what is the value of the ending inventory?
Answer:
$868
Explanation:
FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold
The ending inventory would consist of the purchases that were made last.
It would include 100 units of the inventory purchased on 1/28/15 and 60 units of the inventory purchased on 1/15/15
Value of ending inventory = (100 x 5.5) + (60 X 5.3)
= 550 + 318
868
A report about the decline of Western investment in third world countries included this: "After years of daily flights, several European airlines halted passenger service. Foreign investment fell 250 percent during the 1990s." What is wrong with this statement?
Answer: If foreign investment fell by 100% it would be totally elimiated, so it not possible for it to fall by more than 100%.
Explanation:
Foreign investment occurs when a domestic investor purchases ownership of an asset which is in a foreign country.
Based on the information given, the statement that "Foreign investment fell 250 percent during the 1990s" is incorrect. It should be noted that a fall in foreign investment by 100% imolies that there's no foreign investment as it has been totally elimiated. In this case, falling by 250% isn't possible.
Refer to the information above. Assume that in its financial statements, Tilton Products uses the 150%-declining-balance method and the half-year convention. Depreciation expense in 2009 and 2010 will be: Group of answer choices
Answer:
Depreciation expense in 2009 = $8,250
Depreciation expense in 2010 = $14,953.13
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
On April 30, 2009, Tilton Products purchased machinery for $88,000. The useful life of this machinery is estimated at 8 years, with an $8,000 residual value.
Refer to the above data. Assume that in its financial statements, Tilton Products uses the 150%-declining-balance method and the half-year convention. Depreciation expense in 2009 and 2010 will be:
The explanation of the answers is now provided as follows:
Depreciation rate = 150% / Estimated useful life = 150% / 8 = 0.1875
Since the half-year convention is assumed, it implies that only half of the first year which is 2009 depreciation will be claimed while the full depreciation will be claimed for the rest of the year. Therefore, we have:
Depreciation expense in 2009 = (Cost of the machinery * Depreciation rate) / 2 = ($88,000 * 0.1875) / 2 = $8,250
Book value at the beginning of 2010 fiscal year = Cost of the machinery - Depreciation expense in 2009 = $88,000 - $8,250 = $79,750
Depreciation expense in 2010 = Book value at the beginning of 2010 fiscal year * Depreciation rate = $79,750 * 0.1875 = $14,953.13
Alpha Inc. and Beta Co. are sheet metal processors that supply component parts for consumer product manufacturers. Alpha has been in business since 1985 and is operating in its original plant facilities. Much of its equipment was acquired in the 80s and 90s. Beta Co. was started two years ago and acquired its building and equipment then. Each firm has about the same sales revenue, and material and labor costs are about the same for each firm.
What would you expect Alpha’s ROI to be relative to the ROI of Beta Co.? Explain your answer.
What are the implications of this ROI difference for a firm seeking to enter an established industry?
Answer: A. Higher
B. The implication for Beta Co. is that because of its lower ROI, its ability to raise capital will be reduced.
Explanation:
a. What would you expect Alpha’s ROI to be relative to the ROI of Beta Co.? Explain your answer.
In this case, Alpha’s ROI to be relative to the ROI of Beta Co. will be higher. Since Alpha's investment cost is lower when compared to that of ‘Beta Co. while both companies have thesame operating income, then the return on investment of Alpha will then be higher than that of Beta due to the lower investment cost that Alpha incurred.
b. What are the implications of this ROI difference for a firm seeking to enter an established industry?
The implication for Beta Co. is that because of its lower ROI, its ability to raise capital will be reduced.
The Molding Department of Boswell Company has the following production data: beginning work process 40,000 units (60% complete), started into production 730,000 units, completed and transferred out 690,000 units, and ending work in process 80,000 units (40% complete). Assuming materials are entered at the beginning of the process equivalent units materials are:____. a. 500,000.b. 425,000.c. 450,000.d. 525,000.The Molding Department of Boswell Company has the following production data beginning work process 40,000 units (60% complete) started into production 730,000 units, completed and transferred out 690,000 units, and ending work in process 80,000 units (40% complete). Assuming materials are entered at the beginning of the process equivalent units for materials are:____.a. 770,000. b. 650.000. c. 690.000. d. 810.000.
Answer: 770,000
Explanation:
Assuming materials are entered at the beginning of the process, the equivalent units materials will be:
Beginning work process = 40,000 units
Started into production = 730,000 units
Then equivalent units materials will be:
= 40000 + 730000
= 770000
Select the correct point on the graph. Which point on the graph indicates the lowest quantity supplied of goods?
Answer:
Point A
Explanation:
The supply curve given above shows the correlation between the cost of goods (on the vertical axis) and quantity of goods supplied (on the horizontal axis).
From the graph, we can see that as the price of the goods increases, the quantity that is supplied in pounds also increases, and vice versa.
The lowest price correlates with the lowest quantity supplied. Therefore, at point A on the graph, we have the lowest quantity supplied of goods.
Steven Washington's weekly gross earnings for the week ending March 9 were $3,340, and her federal income tax withholding was $567.80. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Washington's net pay?
Answer:
Washington's net pay was $ 2,564.28.
Explanation:
Given that Steven Washington's weekly gross earnings for the week ending March 9 were $ 3,340, and her federal income tax withholding was $ 567.80, assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, to determine what is Washington's net pay the following calculation must be performed:
(3,340 - 567.80) x (1 - 0.06 - 0.015) = X
2,772.2 x 0.925 = X
2,564.28 = X
Therefore, Washington's net pay was $ 2,564.28.
when workers protest by working very inefficiently what is it called
Answer:
Protest
Explanation:
She/he will protest because there was a problem or what i think so
Answer:
Strike.
Explanation:
Strikes, also known as the workers strike, the labor strike or simply a strike, are the result of the mass rejection of workers. In response to grievances from employees usually, a strike takes place. Strikes became more common during the Industrial Revolution when mass work in factories and mines became important. The strike action was quickly illegalized in most countries, with factory owners having much more power than workers. In the late 19th or early 20th centuries, most Western countries partly legalized striking.
Industrial action is a temporary sign of employee discontent — particularly a strike or slowdown or rule-by-commonwealth — protesting against bad working conditions or low pay and increasing the negotiating capacity with the employer and aimed at forcing the employer to improve them through reduced productivity at a workplace
What advice would you give to anyone who thinks they are going to be terminated from their employment?
Answer:
✓ Do not panic
✓ ask your employer for a honest feedback
✓Initiate a conversation in a neutral setting with your boss
✓Don't trust everything your boss says
✓Do your best work possible
✓Step up your game
✓Keep your boss and others in the loop
A company pays its employees $2,900 each Friday, which amounts to $580 per day for the five-day workweek that begins on Monday. If the monthly accounting period ends on Thursday and the employees worked through Thursday, the amount of salaries earned but unpaid at the end of the accounting period is:
Answer:
$2,320
Explanation:
Calculation to determine what amount of salaries earned but unpaid at the end of the accounting period is:
Ending salaries earned but unpaid=$2,900-$580
Ending salaries earned but unpaid=$2,320
($2,900-580)
Therefore the amount of salaries earned but unpaid at the end of the accounting period is: $2,320
The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $2,117. A total of 34 direct labor-hours and 224 machine-hours were worked on the job. The direct labor wage rate is $14 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $16 per machine-hour. The total cost for the job on its job cost sheet would be:_____.
a. $5,867.b. $10,637.c. $8,492.d. $5,448.
Answer:
$6177
Explanation:
Calculation to determine what The total cost for the job on its job cost sheet would be
TOTAL COST
Direct materials $2,117
Direct labor (34 direct labor-hours × $14 per direct labor-hour) $476
Overhead (224 machine-hours × $16 per machine-hour) $3584
Total manufacturing cost
$6177
Therefore The total cost for the job on its job cost sheet would be:$6177
Renee paid $4,000 in mortgage interest on a $110,000 mortgage that was taken out when she bought her home several years ago. She also has a home equity loan of $130,000 that she used to pay for a cruise around the world. The interest on the home equity loan was $8,000. What amount is deductible as interest expense for Renee in 2021
Answer:
The amount that is deductible as interest expense for Renee in 2021 is:
= $4,000.
Explanation:
a) Data:
Home mortgage - $110,000
Interest on home mortgage = $4,000
Home equity loan for a cruise around the world = $130,000
Interest on the home equity loan = $8,000
Deductible interest expense for Renee in 2021 is $4,000
b) Usually, the interest expenses that a taxpayer pays on her home equity loan to enjoy a cruise around the world, on personal credit card, on automobile loan, and on other types of personal consumer finance interests are not tax-deductible.
THE IMPORTANCE OF INFORMATION IN MARKETING
Answer:
u r answer
Explanation:
Marketing information and research address the need for quicker, yet more accurate, decision making by the marketer. These tools put marketers close to their customers to help them understand who they customers are, what they want, and what competitors are doing.
4. Distinguish between impact and incidence of taxes
Explanation:
Jzbskbeks boy The New York Times New Roman yor
Answer:
The term impact is used to express the immediate result of or original imposition of the tax. The impact of a tax is on the person on whom it is imposed first. Thus, the person who is Habile to pay the tax to the government bears its impact. The impact of a tax, as such, denotes the act of impinging.
Explanation:
Kiley Corporation had these transactions during 2022. Analyze the transactions and indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity.
a. Purchased a machine for $30,000, giving a long-term note in exchange.
b. Issued $50,000 par value common stock for cash.
c. Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000.
d. Declared and paid a cash dividend of $13,000.
Answer:
A. Noncash investing and financing activities
B. Financing activities
C. Noncash investing and financing activities
D. Financing activities
Explanation:
To Analyze the transactions and indicate whether each transaction is AN OPERATING ACTIVITY, INVESTING ACTIVITY, FINANCING ACTIVITY, OR NONCASH INVESTING AND FINANCING ACTIVITY
A. Based on the information given the transaction is a NONCASH INVESTING AND FINANCING ACTIVITIES
B. Based on the information given the transaction is a FINANCING ACTIVITIES
C. Based on the information given the transaction is a NONCASH INVESTING AND FINANCING ACTIVITIES
D.Based on the information given the transaction is a FINANCING ACTIVITIES
a. Purchased a machine for $30,000, giving a long-term note in exchange, this transaction is an investing activity because it involves the acquisition of a long-term asset (machine) in exchange for a long-term note.
b. Issued $50,000 par value common stock for cash, this transaction is a financing activity because it involves the issuance of common stock in exchange for cash.
c. Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000,this transaction is a non-cash investing and financing activity because it involves the conversion of bonds into common stock.
d. Declared and paid a cash dividend of $13,000, This transaction is a financing activity because it involves the distribution of cash to shareholders as a dividend.
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did you mom ever yell at you
Answer:
yeah everyone mother yelled every child for their life
The case listed examples of questions that can be addressed by Negotiating Women Inc. Select any two questions on the list and indicate whether they can be addressed using networking, negotiating, or both.
Answer:
no m
Explanation:
Crane Enterprises reported cost of goods sold for 2020 of $1,290,700 and retained earnings of $4,708,100 at December 31, 2020. Crane later discovered that its ending inventories at December 31, 2019 and 2020, were overstated by $116,750 and $32,910, respectively. Determine the corrected amounts for 2020 cost of goods sold and December 31, 2020, retained earnings.
Answer:
Adjusted Cost of Goods sold = $1,206,860Adjusted Retained Earnings = $4,675,190Explanation:
An overstated opening inventory would overstate Cost of Goods sold. The overstatement should therefore be removed from the Cost of goods sold.
An overstated closing inventory would understate Cost of Goods sold. The overstatement should therefore be added to the Cost of Goods sold.
Adjusted Cost of Goods sold 2020 = Cost of Goods sold + 2020 ending inventory - 2019 opening inventory
= 1,290,700 + 32,910 - 116,750
= $1,206,860
Adjusted Retained earnings
The retained earnings would have to be adjusted for the overstatement of the current inventory by $32,910 because this understated Cost of Goods sold.
= Retained earnings - Overstatement of inventory
= 4,708,100 - 32,910
= $4,675,190
Your total lottery winnings are actually worth ______________ more than the same amount as less than $20,000 to you today.
Answer:
Your total lottery winnings are actually worth __$10,000____________ more than the same amount as less than $20,000 to you today.
Explanation:
My total worth today is $ 10,000
My present worth today is less than $20,000 by $10,000
Hence, the lottery amount is more than by amount X which is equal to the difference between $20,000 and My total worth in present times
$20,000 - $10,000 = $10,000
Mancuso Corporation amended its pension plan on January 1, 2020, and granted $160,000 of prior service costs to its employees. The employees are expected to provide 2,000 service years in the future, with 350 service years in 2020. Compute prior service cost amortization for 2020.
Answer: $28000
Explanation:
Based on the information given in the question, the prior service cost amortization for 2020 will be calculated thus:
= (Prior Service Costs / Service Years in Future) x Service Years in 2020
= ($160,000 / 2,000) × 350
= $80× 350
= $28,000
Therefore, the the prior service cost amortization for 2020 is $28000.
1000 par value 5 year bond with 8% semiannual coupons was boughtto yield 7.5% convertible semiannually. Determine the amount of premiumamortized in the six
Answer:
$2.08
Explanation:
First calculate the price of the bond
Price of the bond = [ ( 1000 x 8% x 6/12 ) x ( ( 1 - ( 1 + (7.5%x6/12) )^-(5x2) )/(7.5%x6/12) ] + { 1000 / (7.5%x6/12) ]
Price of the bond = $1,020.53
Now calculate the premium
Premium on the bond = Price of the bond - Face value of the bond = $1,020.53 - $1,000 = $20.53
Now prepare the amortization schedule to calculate the premium amortization in 6th payment.
The amortization schedule is attached with this answer please find that.
Hence, In the sixth payment the premium amortization is $2.08
Using cost behavior patterns MFG Company experiences the following cost behavior patterns each week: Fixed costs: supervisor’s salary $1,600; factory rent $3,700 Mixed costs: utilities $2,100 + $6.75 per unit Variable costs per unit: manufacturing labor wages $23.00; supplies used in production $10.00; packaging cost $3.75; warranty cost $4Required:Compute total costs to be incurred for a week with 2,750 units of activity.
Answer:
Total cost= $138,025
Explanation:
Giving the following information:
Fixed costs:
supervisor’s salary $1,600
factory rent $3,700
Mixed costs:
utilities $2,100 + $6.75 per unit
Variable costs per unit:
manufacturing labor wages $23.00
supplies used in production $10.00
packaging cost $3.75
warranty cost $4
Units produced= 2,750
First, we need to calculate the total variable cost:
Total variable cost= 2,750*(6.75 + 23 + 10 + 3.75 + 4)
Total variable cost= $130,625
Now, the total fixed cost:
Total fixed cost= 1,600 + 3,700 + 2,100
Total fixed cost= $7,400
Finally, the total cost:
Total cost= 130,625 + 7,400
Total cost= $138,025
Jefferson Company's demand for its only product exceeds its manufacturing capacity. The company provided the following information for the machine whose limited capacity is prohibiting the company from producing and selling additional units.
Actual run time this week 5,696 minutes
Machine time available per week 6,400 minutes
Actual run rate this week 1.68 units per minute
Ideal run rate 2.00units per minute
Defect-free output this week 12,670 units
Total output this week (including defects) 18,100units
Required:
1. Compute the utilization rate. (Round your answer to 2 decimal places.)
2. Compute the efficiency rate. (Round your answer to 2 decimal places.)
3. Compute the quality rate. (Round your answer to 2 decimal places.)
4. Compute the overall equipment effectiveness (OEE). (Do not round intermediate calculations. Round your final answer to 3 decimal places.)
Answer:
1. Utilization rate = Operating time/Scheduled time
Utilization rate = 5,696/6,400
Utilization rate = 0.89
2. Efficiency rate = (Total output / Ideal run rate) / Operating time
Efficiency rate = (18,100/2) / 5,696
Efficiency rate = 9,050 / 5,696
Efficiency rate = 1.5888343
Efficiency rate = 1.59
3. Quality rate = Good units produced / Total units produced
Quality rate = 12,670 / 18,100
Quality rate = 0.70
4. Overall Equipment Effectiveness = Utilization rate * Efficiency rate * Quality rate
Overall Equipment Effectiveness = 0.89 * 1.59 * 0.70
Overall Equipment Effectiveness = 0.99057
Overall Equipment Effectiveness = 0.991
The utilization rate is 0.89 and the efficiency rate is 1.59.
From the information given, the utilization rate will be:
= Operating time/Scheduled time
= 5,696/6,400
= 0.89
The efficiency rate will be:
= (Total output / Ideal run rate) / Operating time
= (18,100/2) / 5,696
= 9,050 / 5,696
= 1.59
The quality rate will be:
= Good units produced / Total unit
= 12,670 / 18,100
= 0.70
The overall equipment effectiveness will be:
= Utilization rate × Efficiency rate × Quality rate
= 0.89 × 1.59 × 0.70
= 0.991
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