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 1

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


Related Questions

State elements of business plan?

Answers

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

The following transactions are for Splish Brothers Company.

1. On December 3, Splish Brothers Company sold $515,600 of merchandise to Sunland Co., on account, terms 3/10, n/30. The cost of the merchandise sold was $320,500.
2. On December 8, Sunland Co. was granted an allowance of $24,000 for merchandise purchased on December 3.
3. On December 13, Splish Brothers Company received the balance due from Sunland Co.

Required:
Prepare the journal entries to record these transactions on the books of Splish Brothers.

Answers

Answer and Explanation:

The journal entries are shown below:

On Dec 3

Account receivable $515,600  

         To Sales revenue $515,600

(Being the sale of merchandise on account is recorded)  

Cost of goods sold $320,500  

          To Inventory $320,500

(Being the cost of merchandise sold on account)  

On Dec 8

Sales allowance $24,000  

      To Account receivable $24,000

On Dec 13

Cash (491600 × 97%) $476,852  

Sales discount $14,748  

         To Account receivable ($515,600  - $24,000)  $491,600

(Being the cash received is recorded)

Sally has invested $10,000 now and wants to earn a real interest rate of 10% per year. Assume that the inflation rate is 7% per year. Determine the future worth Sally has to receive 10 years from now? a) $62, 338 b) Unknown c) $42, 338 d) $52, 338

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Inflation rate= 7%

Real rate of return= 10%

Present value (PV)= $10,000

Number of periods (n)= 10 years

The real rate of return incorporates the effect of the inflation rate. Therefore, the nominal rate of return:

Nominal rate of return= 0.1 + 0.07= 17%

To calculate the Future Value, we need to use the following formula:

FV= PV*(1 + i)^n

FV= 10,000*(1.17^10)

FV= $48,068.28

This is the nominal value received after ten years.

If Sally wants to determine the real value of the investment after 10 years, we must use the real rate of return:

FV= 10,000*(1.1^10)

FV=$25,937.42

Which of the following businesses poses the highest degree of difficulty in e-commerce? Portals and infomediaries Businesses such as Travelocity, and those that sell digital music, and software Businesses that rely on a physical infrastructure Brick and mortar companies

Answers

Answer:

Businesses that rely on a physical infrastructure.

Explanation:

e-commerce is a short for electronic commerce and it can be defined as a marketing strategy that deals with meeting the needs of consumers, by selling products or services to the consumers over the internet.

This ultimately implies that, e-commerce is strictly based on the buying and selling of goods or services electronically, over the internet or through a digital platform. Also, the payment for such goods or services are typically done over the internet such as online payment services.

In view of the above details, businesses that rely on a physical infrastructure poses the highest degree of difficulty in e-commerce because it's only dependent online retailing.

Trong ngành công nghiệp thì doanh nghiệp đã dùng tiêu thức nào để phân khúc thị trường

Answers

Answer:

which language is this???

Fremont LLC is looking to purchase new water chlorination equipment. A salesman from Industrial Water Services (IWS) offered water chlorination equipment for $2.1 million. IWS also said that Fremont LLC would not have to pay for the equipment now and can pay after 2 years. While the price offered by a competing saleswoman from AG Enterprises is $1.7 million to be paid now. Fremont LLC's real MARR is 12% per year, and the inflation rate is 3.9% per year. Determine which offer is better.

a. AG offer
b. IWS offer

Answers

Answer:

Fremont LLC

Purchase of New Water Chlorination Equipment

The better offer is:

b. IWS offer

Explanation:

a) Data and Calculations:

Offer from Industrial Water Services (IWS) = $2.1 million

Payment term = 2 years

MARR = 12%

Inflation rate = 3.9%

Present value of IWS offer = $1,563,336.34 (see below)

Present value of AG Enterprises offer = $1.7 million

N (# of periods)  2

I/Y (Interest per year)  15.9

PMT (Periodic Payment)  0

FV (Future Value)  2100000

Results

PV = $1,563,336.34

Total Interest $536,663.66

Venus International makes customized furniture and uses job order costing. During a period, its beginning raw materials inventory was $10,000. It purchased raw materials of $20,000 and ended the period with ending raw materials inventory of $3,000. What is the cost of raw materials transferred to Work in Process Inventory

Answers

Answer:

the cost of raw materials transferred to Work in Process Inventory is $27,000

Explanation:

The computation of the cost of raw materials transferred to Work in Process Inventory is shown below

= opening inventory + purchases made - ending inventory

= $10,000 + $20,000 - $3,000

= $27,000

Hence, the cost of raw materials transferred to Work in Process Inventory is $27,000

The same should be considered

Implement anyone principle from Industry 4.0 Six Design Principles on any organization?

Answers

Answer:

There is no principal in this room.

Explanation:

Come and get it https://app.conversion.ai/

Ivanhoe Company buys merchandise on account from Metlock Company. The selling price of the goods is $1,290 and the cost of the goods sold is $770. Both companies use perpetual inventory systems.
Journalize the transactions on the books of both companies. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation
Debit
Credit
Ivanhoe
Enter an account title
Enter a debit amount
Enter a credit amount
Enter an account title
Enter a debit amount
Enter a credit amount
Metlock
Enter an account title to record sale of merchandise
Enter a debit amount
Enter a credit amount
Enter an account title to record sale of merchandise
Enter a debit amount
Enter a credit amount
(To record sale of merchandise)
Enter an account title
Enter a debit amount
Enter a credit amount
Enter an account title
Enter a debit amount
Enter a credit amount

Answers

Answer and Explanation:

The journal entries are shown below:

Ivanhoe Company  

Merchandise Inventory $1,290

          Accounts payable $1,290

(Being Merchandice purchased on the account is recorded)  

Metlock Company  

Accounts Receivable $1,290

           Sales $1,290

(Being Merchandise sold on account is recorded)  

Cost of goods sold $770

           Merchandise inventory $770

(Being the Change in stock for the sale of merchandise is recorded)  

Johnson Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as a percentage of credit sales. For 2018, net credit sales totaled $6,300,000, and the estimated bad debt percentage is 1.30%. The allowance for uncollectible accounts had a credit balance of $60,000 at the beginning of 2018 and $49,000, after adjusting entries, at the end of 2018. Required: 1. What is bad debt expense for 2018 as a percent of net credit sales

Answers

Answer:

See below

Explanation:

For 2018, the net credit sales is totalled $6,300,000

Then, the estimated bad debt percentage is 1.30% of $6,300,000

= 1.30% × $6,300,000

= $81,900

Therefore, the bad debt expense for 2018 as a percentage of net credit sales is $81,900

Ajax Inc. was formed on April 25 and elected a calendar year for tax purposes. Ajax paid $11,800 to the attorney who drew up the articles of incorporation and $5,700 to the CPA who advised the corporation concerning the accounting and tax implications of its organization. Ajax began business operations on July 15. To what extent can Ajax deduct its $17,500 organizational costs on its first tax return

Answers

Answer: $5416.64

Explanation:

Based on the information given, $5000 will be deducted from its organizational cost of $17500, and we'll have $12500. Then, the capitalized cost over 6 months that's 180 days will be:

= Non deductible cost / 180 months

= $12500 / 180

= $69.44 per month

Since Ajax Inc began operation in July, the ammortization will be:

= $69.44 × 6 months

= $416.64

The amount that Ajax can deduct from its $17,500 organizational costs on its first tax return will be:

= $5000 + $416.64

= $5416.64

The following information is available for Oriole Company

Accounts receivable $3,000 Cash $6,300
Accounts payable 4,400 Supplies 3,880
Interest payable 610 Unearned service revenue 860
Salaries and wages expense 4,700 Salaries and wages payable 890
Notes payable 32,000 Depreciation expense 760
Common stock 57,200 Equipment (net) 109,600
Inventory 2,940

Required:
Using the information above, prepare a balance sheet as of December 31, 2022.

Answers

Answer and Explanation:

The preparation of the balance sheet is presented below:

Assets                        Amount

Accounts receivable $3,000

Cash                            $6,300

Supplies                     $3,880

Equipment (net)          $109,600

Inventory                     $2,940

Total assets              $125,720

Liabilities and stockholder equity     Amount

Accounts payable                               $4,400

Interest payable                                   $610

Unearned service revenue                 $860

Salaries and wages payable               $890

Notes payable                                      $32,000

Common stock                                   $57,200

Retained earning (bal figu)                 $29,760

Total liabilities & stockholder equity   $125,720

Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $8,700 of its accounts receivable from Leer Co. 29 Leer Co. unexpectedly pays its account in full to Dexter Company. Dexter records its recovery of this bad debt. Prepare journal entries to record the above transactions.

Answers

Answer and Explanation:

The journal entries are shown below;

On Mar 11.

Bad debt exp $8,700

  To Accounts receivable $8,700

(Being the bad debt expense is recorded)

On Mar 29

Accounts receivable $8,700

          To Bad debt exp $8,700

(Being reversal is recorded)

Cash $8,700

             To Accounts receivable $8,700

(being the recovery of the bad debt is recorded)

True False All other variables held constant, investments paying simple interest have to pay significantly higher interest rates to earn the same amount of interest as an account earning compound interest. Everything else held constant, an account that earns compound interest will grow more quickly than an otherwise identical account that earns simple interest. All other factors being equal, both the simple interest and the compound interest methods will accrue the same amount of earned interest by the end of the first year.

Answers

Answer:

All other variables held constant, investments paying simple interest have to pay significantly higher interest rates to earn the same amount of interest as an account earning compound interest.  TRUE.

This is a true statement because compound interest is based on the previous balance in addition to the interest earnings on the balance. It therefore accrues on a higher balance than simple interest which builds on the same amount of principal throughout. Simple interest would therefore need a higher rate to bridge this gap.

Everything else held constant, an account that earns compound interest will grow more quickly than an otherwise identical account that earns simple interest. TRUE.

An account earning compound interest would increase faster than an identical one using simple interest because compound interest is based on an accrued balance whilst simple interest does not change the balance it is based on.

All other factors being equal, both the simple interest and the compound interest methods will accrue the same amount of earned interest by the end of the first year. TRUE.

At the end of the first year, an assuming yearly compounding, both simple and compound interest will yield the same result because they would be based on the same principal amount.

Classify each of the following statements as positive or normative.
Statement positive negative
Economic development should not take place at the expense of social justice.
The government can increase labor productivity by improving public education.
Society faces a short-run trade-off between inflation and unemployment.
The Federal Reserve should take action to lower the inflation rate.
The government must take action to reduce the unemployment rate.

Answers

Answer:

Positive Economics is the branch that deals with analysis of relationship among variable for establishment of cause and effects.

Normative Economics is the branch that deals with value judgement, what ought to be and not.

Statement                                                                 Classification

1. Economic development should not               Normative Economics

take place at the expense of social justice.

2. The government can increase labor             Positive Economics

productivity by improving public education.

3. Society faces a short-run trade-off                Positive Economics  

between inflation and unemployment.

4. The Federal Reserve should take                  Normative Economics

action to lower the inflation rate.

5. The government must take action                 Normative Economics

to reduce the unemployment rate.

Andrews has a new design for their product Axe next round that can reduce their material cost of producing units from $8.13 to $7.33. Andrew passes on one quarter of all cost savings by cutting the current price to customers. For simplicity: Current selling price = $19.00; Use current labor costs of $4.02; Use period costs of $7,260 (from Income Statement).

Required:
Determine the new selling price to break even next round.

Answers

Answer:

$18.80

Explanation:

New selling price = Old selling price - Adjustments

Old selling price = $19.00, Adjustments = 1 quarter of reduced raw material costs difference

New selling price = $19.00 - ($8.13 - $7.33)/4

New selling price = $19.00 - $0.20

New selling price = $18.80

So, the new selling price to break even next round is $18.80.

Which of the following statements is true? Question 2 options: Velocity equals the money supply. GDP is larger than the money supply if velocity is greater than 1. The money supply must be equal to GDP. GDP is always twice the money supply.

Answers

Answer:

GDP is larger than the money supply if velocity is greater than 1

Explanation:

According to the quantity theory of money :

price x quantity = money supply x velocity

GDP = money supply x velocity

If velocity = 2

money supply is 20

then GDP = 2 x 20 = 40

gdp is greater than money supply

The current price of canvas messenger bags is $36 each and sales of the bags equal 400 per week. If the price elasticity of demand is -2.5 and the price changes to $44, how many messenger bags will be sold per week?

Answers

Answer:

624

Explanation:

. Alternative A has a first cost of $20,000, an operating cost of $9,000 per year, and a $5,000 salvage value after 5 years. Alternative B will cost $35,000 with an operating cost of $4,000 per year and a salvage value of $7,000 after 5 years. At an MARR of 12% per year, which should be selected

Answers

Answer and Explanation:

The computation is shown below:

NPW of X is

= -$20,000 - $9,000 × (P/A,12%,5) + $5,000 × (P/F,12%,5)

= -$20,000 - $9,000 × 3.604776 + $5,000 × 0.567427

= -$49,605.85

And,  

NPW of Y is

= -$35,000 - $4,000 × (P/A,12%,5) + $7,000 × (P/F,12%,5)

= -$35,000 - $4,000 × 3.604776 + $7,000 × 0.567427

= -$45,447.11

Based on the above calculations as we can see that net present cost of Y is lower than the net present cost of X so Y should be selected  

Công ty M sản xuất một số mặt hàng
thuộc đối tượng nộp thuế GTGT theo phương pháp khấu trừ thuế, tổ chức kế toán
hàng tồn kho theo phương pháp kê khai thường xuyên. Trong tháng 1, phòng kế
toán có tài liệu liên quan đến các khoản thuế và các khoản phải nộp ngân sách
như sau:


I. Số dư đầu tháng 3: TK 333:
2.000.000đ trong đó chi tiết TK 33311: 2.000.000đ.


II. Phát sinh trong tháng:


1.
Công ty đã chi tiền mặt nộp thuế môn bài năm nay theo thông báo:
3.000.000đ.


2.
Nhận được thông báo nộp thuế tài nguyên trong kỳ: 2.000.000đ.


3.
Chi phí tiền lương trong kỳ:


- Bộ phận bán hàng: 55000.000đ


- Bộ phận quản lý doanh nghiệp:
60.000.000đ


Đến kỳ thanh toán lương, công ty tiến
hành trích các khoản theo lương và thực hiện khấu trừ lương của công nhân viên theo
quy định.


4.
Mua một xe con sử dụng phải đóng lệ phí trước bạ: 6.000.000đ.


5.
Nhận thông báo tạm nộp thuế TNDN quý I năm nay: 10.000.000đ.


6.
Tổng hợp tình hình tiêu thụ sản phẩm trong tháng: giá bán sản phẩm chưa
thuế 100.000.000đ, thuế GTGT 10%, trong đó chưa thu tiền khách hàng 50% giá
thanh toán, thu bằng TGNH 30% và bằng tiền mặt 20%.


7.
Nhận lại một số sản phẩm đã tiêu thụ tháng 2, nhập kho theo giá vốn
800.000đ, giá bán hàng trả lại 1.100.000đ (gồm thuế GTGT 100.000đ) trừ vào số
tiền khách hàng còn nợ.


8.
(Giả sử) cuối tháng lập tờ khai thuế GTGT, số tiền thuế GTGT đầu vào
được khấu trừ tháng này là 12.000.000đ.


9.
Chuyển TGNH nộp thuế GTGT 2.000.000đ, thuế TTĐB 22.500.000đ, thuế TNDN
tạm nộp, nộp hộ thuế TNCN cho CNV, đã nhận được giấy báo Nợ của NH.


Yêu cầu: Trình bày bút toán ghi sổ.

Answers

Answer:

vfnfhtjjhyhhhshahayyahauahaua

What is a company's authorized share capital? ​

Answers

Answer:

Authorized share capital is the number of stock units (shares) that a company can issue as stated in its memorandum of association or its articles of incorporation. Authorized share capital is often not fully used by management in order to leave room for future issuance of additional stock in case the company needs to raise capital quickly. Another reason to keep shares in the company treasury is to retain a controlling interest in the business.

Year 1 $ 76,050 $enter a dollar amount (b) $ 32,700 $enter a dollar amount (d) $14,130 Year 2 $111,100 $74,400 $enter a dollar amount (c) $enter a dollar amount (e) $30,070 Year 3 $enter a dollar amount (a) $74,970 $111,190 $49,980 $enter a dollar amount (f)

Answers

Answer:

Year 1

b. Cost of goods sold

= Sales revenue - Gross profit

= 76,050 - 32,700

= $43,350

d. Operating expenses:

= Gross profit - Net income

= 32,700 - 14,130

= $18,570

Year 2

c. Gross Profit

= Sales revenue - Cost of goods sold

= 111,100 - 74,400

= $36,700

e. Operating expenses:

= Gross profit - Net income

= 36,700 - 30,070

= $6,630

Year 3

a. Sales revenue

= Cost of goods sold + Gross profit

= 74,970 + 111,190

= $186,160

f. Net income

= Gross profit - Operating expense

= 111,190 - 49,980

= $61,210

Note: Attached photo is for a similar question. It was used to understand the format.

Gravity, Inc., needs to raise $53 million to fund its expansion plans. The company will sell shares at a price of $29.00 in a general cash offer and the company's underwriters will charge a spread of 7.5 percent. How many shares need to be sold?a- 1,975,769b- 1,827,586c- 1,457,212d- 2,195,299e- 1,700,080

Answers

Answer:

a. 1,975,769

Explanation:

Underwriter's commission per share = 7.5% * $29

Underwriter's commission per share = $2.175

Amount received by company per share = Price per share in general cash offer - Underwriter's commission per share

Amount received by company per share = $29 - $2.175

Amount received by company per share = $26.825

Amount that company wants to raise = Number of shares sold * Amount received by company per share

53,000,000 = Number of shares sold * $26.825

Number  of shares sold = 53,000,000 / $26.825

Number  of shares sold = 1975768.87

No of shares to be sold = 1,975,768

Jane is a very intelligent graduate of FIN 3601. As such, she knows she should will start contributing into her company's retirement plan. She decides to allocate $250 at the end of each month into her 401(k). However, her company offers a fairly generous matching program. For every dollar that Jane saves in her 401(k), her firm will add $0.50 to her account. If she is employed by this firm for 30 years and earns an average of 10.50% on her retirement savings per year, how much will Jane have in her retirement account 30 years from now? Report your answer rounded to two decimal places.

Answers

Answer:

The amount that Jane will have in her retirement account 30 years from now is $943,650.37.

Explanation:

Jane’s monthly savings = $250

Amount added monthly by Jane’s firm = Jane’s monthly savings * Amount added by Jane’s firm for every dollar = $250 * $0.50 = $125

Total monthly savings to Jane’s 401(k) = Jane’s monthly savings + Amount added monthly by Jane’s firm = $250 + 125 = $375

Since Jane decides to allocate $250 at the end of each month into her 401(k), this implies the relevant formula to use to calculate the amount Jane will have in her retirement account 30 years from now is the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:

FV = M * (((1 + r)^n - 1) / r) ................................. (1)

Where,

FV = Future value or the amount that Jane will have in her retirement account 30 years from now = ?

M = Total monthly savings to Jane’s 401(k) = $375

r = Average monthly interest rate = Average annual interest rate / 12 = 10.50% / 12 = 0.1050 / 12 = 0.00875

n = number of months = number of years * number of months in a year = 30 * 12 = 360

Substituting the values into equation (1), we have:

FV = $375 * (((1 +0.00875r)^360 - 1) / 0.00875) = $375 * 2,516.40 = $943,650.37

Therefore, the amount that Jane will have in her retirement account 30 years from now is $943,650.37.

A company reporting under US GAAP seeking to present a more favorable view of operating income in its quarterly earnings release could: Identify a gain on sale in a non-GAAP reconciliation. Identify a restructuring charge (expense) in a non-GAAP reconciliation. Identify a loss in the fair value of an equity investment. Elect to not recognize stock-based compensation on its GAAP income statement. All of the abo

Answers

Answer: All of the above

Explanation:

Based on the information given, we can infer that the company reporting under US GAAP that seeks to present a more favorable view of operating income in its quarterly earnings release will do all of the above options given.

The company can identify the gain on the sale in a non-GAAP reconciliation, or a restructuring charge in a non-GAAP reconciliation. There can also be identification of a loss in the fair value of an equity investment and can also elect to not recognize stock-based compensation on the GAAP income statement.

There are some instances whereby the operations of a business aren't portrayed properly by GAAP reporting. Then, companies can then display their own accounting figures, which will disclosed as non-GAAP.

Rizio Co. purchases a machine for $12,500, terms 2/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $250 discount. Transportation costs of $360 were paid by Rizio. The machine required mounting and power connections costing $895. Another $475 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $180 worth of repairs were made. In moving the machine to its steel mounting, $180 in damages occurred. Also, $40 of materials is used in adjusting the machine to produce a satisfactory product. The adjustments are normal for this machine and are not the result of the damages. Compute the cost recorded for this machine. (Rizio pays for this machine within the cash discount period.)

Answers

Answer:

Cost recorded for this machine = $14,240

Explanation:

Particulars                                       Amount

Invoice Price                                   $12,500

Less: Cash Discount                       $250 (12,500*2%)

Net Purchase Price                        $12,250

Add: Transportation Costs             $360

Add: Power Connections               $895

Add: Assemble Cost                       $475

Add: Material used                   $40

Add: Repair                                      $180

Add: Material used in adjusting      $40      

Amount to be capitalized              $14,240

Note: The repair cost is included because it is incurred before machine is put in operation.

Matt and Claire go into an interview for the same position and they get asked very different questions depending on how the interview is going. This type of interview is called:_____.

Answers

Answer:

Unstructured interview

Explanation:

Unstructured interview is defined as one in which the questions asked are not prearranged. Rather they are spontaneous and questions to be asked are formulated during the course of the interview.

On the other structured interview is when questions are prearranged and candidates are asked the same questions.

So when Matt and Claire go into an interview for the same position and they get asked very different questions depending on how the interview is going, they are answering unstructured interview questions.

Matt and Claire go into an interview for the same position.This type of interview is called Unstructured interview.

What is the term Unstructured Interview about?

Unstructured interview is defined as one in which the questions asked are not prearranged. Rather they are spontaneous and questions to be asked are formulated during the course of the interview.

On the other structured interview is when questions are prearranged and candidates are asked the same questions.

Learn more about Unstructured Interview, refer to the link:

https://brainly.com/question/12208322

The United Nations Human Development Report gives the following data for real GDP per person in​ 2014: China,​ $12,547; Russia,​ $22,352; Canada,​ $42,155; United​ States, $52,947.

Other information suggests that household production is similar in Canada and the United States and smaller than in China and Russia. The underground economy is larger in Russia and China and a similar proportion of each of these economies. Canadians and Americans enjoy more leisure hours than do the Chinese and Russians. Canada and the United States spend significantly more on the environment than do China and Russia. In which pair​ (or pairs) of countries is it easiest to compare the standard of​ living?
And in which pair​ (or pairs) is it most​ difficult? Explain why?

Answers

Answer:

B. between China and Russia or between Canada and the United​ States, because household​ production, the underground​ economy, leisure​ hours, and the environment are similar in each pair

Explanation:

The standard of living can be easily compared​ ______.     A. between China and Canada because they have a similar land size   B. between China and Russia or between Canada and the United​ States, because household​ production, the underground​ economy, leisure​ hours, and the environment are similar in each pair   C. among none of the four countries because they are too different   D. between Russia and the United States because they are both super powers   E. among all four countries because real GDP per person includes a reliable measure of​ income, household​ production, the underground​ economy, leisure​ hours, and the environment

Real Per capita GDP measures the standard of living of the people in a country. The higher the Real Per capita GDP, the higher the standard of living

Real Per capita GDP = Real GDP / population  

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.

some items are not perfectly measured by GDP. They include

1. services not rendered to oneself

2. Activities not reported to the government  

3. illegal activities

4. sale or purchase of used products

5. sale or purchase of intermediate products

Because GDP does not measure underground economy (illegal activities) , leisure , it would be difficult to compare either pair of countries

 

Pollution Busters Inc. is considering a purchase of 10 additional carbon sequesters for $100,000 apiece. The sequesters last for only 1 year before becoming saturated. Then the carbon is sold to the government. a. Suppose the government guarantees the price of carbon. At this price, the payoff after 1 year is $115,000 for sure. What is the opportunity cost of capital for this investment

Answers

Answer:

15percent o 100 annually

Explanation:

opportunity cost =(115-100/100)*100

Chuck Wagon Grills, Inc., makes a single product—a handmade specialty barbecue grill that it sells for $300. Data for last year’s operations follow: Units in beginning inventory 0 Units produced 9,500 Units sold 8,400 Units in ending inventory 1,100 Variable costs per unit: Direct materials $ 60 Direct labor 40 Variable manufacturing overhead 10 Variable selling and administrative 30 Total variable cost per unit $ 140 Fixed costs: Fixed manufacturing overhead $ 180,000 Fixed selling and administrative 780,000 Total fixed costs $ 960,000 Required: 1. Assume that the company uses variable costing. Compute the unit product cost for one barbecue grill. 2. Assume that the company uses variable costing. Prepare a contribution format income statement for last year. 3. What is the company’s break-even point in terms of the number of barbecue grills sold?

Answers

Answer:

Results are below.

Explanation:

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).

Unitary production variable cost= 60 + 40 + 10

Unitary production variable cost= $110

Now, the income statement:

Sales= 300*8,400= 2,520,000

Total variable cost= 8,400*(110 + 30)= (1,176,000)

Total contribution margin= 1,344,000

Fixed manufacturing overhead= (180,000)

Fixed selling and administrative= (780,000)

Net operating income= $384,000

Finally, the break-even point in units:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units=  960,000 / (300 - 140)

Break-even point in units= 6,000

Other Questions
what percentage of 7 1/2 is 2 1/2 five impacts of the Age of Exploration jessica posts a selfie of her studying for a history test. she has been feeling down lately due to a droping grades and her parents have high expectations for success. her friends comment with the following statements: " nerd! but proud of you." , " sucks to be you. ", " why are you studying? his tests are impossible anyways. we are going to fail" . in addition to comments, a picture indicates that several of her friends are hanging out together. Jessica wishes she had been invited. 1. what are the pros and cons of jessica posting her selfie? 2. what emotion might jessica be feeling after recieving their comments and pictures? 3. how could this emotion affect how jessica feels about herself and studying? Kemp Manufacturing set 70,000 direct labor hours as the annual capacity measure for computing its predetermined variable overhead rate. At that level, budgeted variable overhead costs are $315,000. Kemp will apply budgeted fixed overhead of $140,400 on the basis of 3,900 budgeted machine hours for the year. Both machine hours and fixed overhead costs are expected to be incurred evenly each month. During March 2013, Kemp incurred 5,900 direct labor hours and 300 machine hours. Actual variable and fixed overhead were $26,325 and $11,400, respectively. The standard times allowed for March production were 5,980 direct labor hours and 290 machine hours. Required: a. Using the four-variance approach, determine the overhead variances for March 2013.b. Prepare all journal entries related to overhead for Kemp Manufacturing for March 2013. phn tch cc thnh phn trong h sinh thi khi nghip The square root of -2 rounded to nearest 100th? According to exponent rules, when we multiply two power with the same base we _______ the exponents. Example: c^6 c^4 plZ tell the answer fast thank u Based on details in The Riddle of the Rosetta Stone, what helped scholars determine that the demotic language was related to the Egyptian language?Examples of the demotic language previously appear on rolls of papyrus.The scholars call it demotic, meaning "of the people."Experts are excited about finding three different languages on one stone.It praises the accomplishments of a young pharaoh. help please just give the answers asap no explanation needed Brainliest! Brainliest! Brainliest!What was life in the 19th Century? Boujour, j'ai travailler une fiche de francais sauf que je n'arrive pas a faire le dernier exercice svp aidez moi, le voici:ecrire une petite piece de theatre d'amour de 10 a 15 repliques.Merci d'avance! If a married couple decides to get a divorce, what kind of law will handle their case? underline facts in the article. can they be validated what is one example of people's rights being oppressed in the modern world? In the case of Brown v. the Board of Education of Topeka ruled that all schools must integrate. In which state was this ruling challenged in 1957?AlabamaArkansasNew YorkTexas Determine whether the sentence is compound or complexAlthough Mayan cities were centers for religious activity, they may have had nopermanent inhabitants.a.compoundb.complex Researchers conducted a study to determine whether magnets are effective in treating back pain. Pain was measured using the visual analog scale, and the results given below are among the results obtained in the study. Higher scores correspond to greater pain levels. Is this study an experiment or an observational study? For each babysitting job, Tamar charges $6 for bus fare plus $8 per hour. She only accepts babysitting jobs if the total charge is at least $30. What is the minimum number of hours for a babysitting job she would accept?2 and one-half hours3 hours4 hours4 and one-half hours Which of the following examples describes a retailer adding value in achannel by offering information about products?A. An office-supply store keeps cartons of paper safely stored onshelves where they will stay clean and dry.B. A supermarket is open 20 hours a day and offers a wide variety ofgoods.O C. In a bicycle shop, salespeople help shoppers choose the rightframe size and handlebar position for a comfortable ride.D. Buyers for a home-electronics retailer keep up-to-date ontechnology so they can offer their customers the latest gadgets.