The following events occurred over the course of a year at Bagby Corp., which uses a job order costing system:
1. Direct materials purchases totaled $460,000.
2. $230,000 of indirect materials were used in production. Bagby uses a separate Supplies Inventory account for indirect materials.
3. $415,000 of direct materials were used in production.
4. The direct labor payroll was $940,000 (credit Wages Payable).
5. Other manufacturing overhead costs incurred during the year totaled $540,000.
6. Bagby applies overhead based on a predetermined overhead rate of $15 per machine hour. The company used 50,000 machine hours during the year.
7. During the year, Bagby transferred goods costing $2,100,000 into the Finished Goods Inventory account.
8. Bagby sold products with a manufacturing cost of $2,050,000 to customers during the year.
Required
a. Prepare journal entries to record these events.
b. Prepare T-accounts for the following accounts: Direct Materials Inventory, Work in Process Inventory, Manufacturing Overhead Control, and Finished Goods Inventory.
Record the transactions from part (a) in the T-accounts and calculate ending account balances. Assume the following beginning account balances:
Account Balance
Direct Materials Inventory $20,000
Work in Process Inventory $12,000
Finished Goods Inventory $35,000
c. Was overhead under- or overapplied for the year? By how much?

This is false. Motorists who think they are using extra safely ought to absolutely be causing accidents, in accordance to new research.

The learn about by means of Dayinsure has determined that 15% of people have been in a vehicle accident or understand someone who has, due to motorists being over cautious.

Inexperience. Teenage passengers. Distraction whilst driving, which include from the use of mobilephone telephones and texting. Driving at excessive speeds, close following, and other risky driving.

Defensive using methods reduce the possibility of a collision or incident and can even shop prices associated to vehicle preservation and gasoline consumption, via riding easily and steadily.

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China's Aluminum Demand Weathers Real-Estate Slowdown So Far  of the following Bloomberg headlines would be of most interest to an aluminum trader in China .

Describe Bloomberg?

Bloomberg is a leading source of financial news and data worldwide, offering both current and historical price data, financial statistics, trading news, and analyst analysis.

                                   Travel, wine, food, automobiles, gadgets, technology news, and other subjects are covered in this section of the website. Additionally, it features articles from Pursuits, a luxury and lifestyle publication published quarterly by Bloomberg.

Describe the Bloomberg notion?

An interactive introduction to the financial markets is provided by Bloomberg Market Concepts (BMC), a self-paced online course. The Business Management Course (BMC) is divided into three sections: Core Concepts (which contains four modules on economic indicators, currencies, fixed income, and stocks), Getting Started on the Terminal, and Portfolio Management.

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The approx probability that it will take more than 420 min to process every book is 0.4286 and to process at least 25 books will be 0.597.

The p-value is a figure that, when determined from a statistical test, indicates how likely it is that you would have discovered a specific collection of observations if the null hypothesis were correct. In hypothesis testing, P-values are used to determine whether to accept or reject the null hypothesis. The likelihood of rejecting the null hypothesis increases with decreasing p-value.

The area of mathematics known as probability deals with numbers likely it is for an event to happen or can claim to be true. A value between 0 and 1 represents the probability of an event.

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"It offers requirements for expert nursing practice."

The American Nurses Association formally adopted the Code of Ethics for Nurses in 1950. There are four standards of ethics: autonomy in nursing, beneficence in nursing, justice in nursing and nonmaleficence in nursing.

The nurse's predominant dedication is to the patient, whether or not an individual, family, group, community, or population. The nurse promotes, advocates for, and protects the rights, health, and protection of the patient. practice; makes decisions; and takes motion steady with the responsibility to provide major patient care

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Closing entries are journal entries made at the end of an accounting period to transfer the balances of temporary accounts (such as revenue, expense, and dividend accounts) to the permanent retained earnings account. The post-closing trial balance is a list of all the accounts and their balances after the closing entries have been made.

The closing entries for Miller Company in the given scenario are:

The post-closing trial balance is:

Cash 8,130

Accounts Receivable 3,300

Prepaid Expenses 2,750

Equipment 10,400

Accumulated Depreciation 2,200

Accounts Payable 2,700

Notes Payable 1,000

Common Stock 9,200

Retained Earnings 10,480

Fees Earned 0

Wages Expense 0

Rent Expense 0

Utilities Expense 0

Depreciation Expense 0

Miscellaneous Expense 0

Totals 53,710 53,710

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Some examples of Gannon's cultural metaphors are: French wine (purity, compatibility, a German symphony (education and politics), and a British house (laying the foundation.)

A cultural metaphor is any institution, phenomenon, or action that all or the majority of members of a national or ethnic culture value highly and with which they have a strong intellectual and emotional connection.

Cultural metaphors serve as a reflection of a culture's core beliefs. American football, the Chinese family altar, and the Japanese garden are a few examples of national cultural metaphors.

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Headlines and Images are two building blocks that must be supplied in order for a Display campaign to automate their ad creation.

Targeting, bidding, and advertising are automated by smart display campaigns, which are later optimized. With the help of Go-ogle's machine learning, a Smart Display campaign can automatically identify both existing and potential customers, set the appropriate bids, and produce compelling ads that can fit any screen or ad space on the web and in apps.

Your marketing goals can be met by using display campaigns to connect with a targeted audience as they browse millions of websites, apps, and Go-ogle-owned properties (like You-Tube). One campaign type that Go-ogle Ads offers you is a display campaign.

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(a) Acting as a price taker means that the hotel is constrained to accept the market price and has no control over the market price.

The optimal supply decision for a price taker is to produce the quantity where marginal cost (MC) equals the market price (P).

(b) On game days, the equilibrium price and quantity will be

P = 80 and q = 20. On non-game days, the equilibrium price and quantity will be P = 40 and q = 20.

(c) If the hotel had increasing marginal costs, the hotel would no longer be a price taker and would instead have control over the market price.

The equilibrium price and quantity would no longer be determined solely by the demand curve. Instead, the hotel would have to set a price that maximizes its profits, which could be different from the price determined by the demand curve.

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To determine the financial advantage or disadvantages of processing raw honey into candies, we need to calculate the total revenue and total costs associated with making and selling the candies.

Revenue from selling 8,000 containers of candy: 8,000 * $4.40 = $35,200

Variable costs associated with making and selling the candies: 8,000 * ($1.10 + $2.00 * 3/4) = $9,800

Total costs associated with making and selling the candies: $9,800 + $5,900 = $15,700

Therefore, the financial advantage of continuing to process raw honey into candies would be: $35,200 - $15,700 = $19,500.

What is financial advantage?

Financial advantage is a concept that is central to business and investing. It refers to the positive difference between revenue and costs, resulting in a profit for a company or individual. It is a measure of the financial benefit or gain that is achieved through a particular business activity or investment. A financial advantage can be achieved by reducing costs, increasing revenue, or both. In a competitive market, companies and individuals with a financial advantage are better positioned to succeed and grow. They are able to invest in new opportunities, expand their business, and weather economic downturns more effectively. Financial advantage is an important goal for many businesses and individuals and is achieved through careful planning, execution, and monitoring of financial performance.

Hence, the answer is the financial advantage of continuing to process raw honey into candies is $19,500.

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The statement  in a two-country, two-commodity model, if a country has higher labor productivity in producing both the goods, it must produce and export both the goods to the other country is false.

By exporting the good for which it has a comparative advantage, he showed that if two countries that are capable of producing two commodities engage in free trade (although under the assumption that capital and labour do not transfer globally).

Then each country will enhance its overall consumption .Other countries can still be profitable since advantages from trade are based on comparative advantage rather than absolute advantage. An individual or nation cannot have a comparative advantage in all types of products.

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The first statement is False, The other three statements are generally true about conflict theory.

Conflict theory is a sociological perspective that emphasizes the role of power and coercion in social relations. This theory views society as a competition for resources, where individuals and groups with more power can use it to dominate those with less power.

False, One of the weaknesses of conflict theory is not that it overlooks forces of equilibrium. In fact, conflict theory emphasizes the role of power imbalances and social conflict in shaping society. The other three statements are generally true about conflict theory: it does not recognize inequalities, it misses the larger structure in society, and it looks at society on both a macro and micro level.

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Answers to the questions are as follows: 1.Face amount of the bonds is not given in the provided information.

2.Initial selling price of the bonds is not given in the provided information.

3.The term to maturity in years is also not given in the provided information.

4.The interest is determined by the effective interest rate method, also known as the effective interest method.

5.The stated annual interest rate is not given in the provided information.

6.The effective annual interest rate is also not given in the provided information.

7.The total cash interest paid over the term to maturity can be calculated by summing up the cash interest payments shown in the bond amortization schedule.

8.The total effective interest expense recorded over the term to maturity can be calculated by subtracting the face amount of the bonds from the total cash payments made over the term to maturity.

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The answer is Phase exit criteria is firmly established, A Process Breakdown Structure can provide a reasonable alternative to a Work Breakdown structure for an extensive development project if Phase exit criteria is firmly established.

The planning process is a procedure used to generate goals, design tasks to achieve goals, identify resources needed, establish a timeframe, decide on tracking and assessment, finish the plan, and communicate the plan to the team.

A plan is a strategy that has been decided upon in advance. It serves as a road map for achieving objectives. In the simplest terms possible, it entails choosing a course of action and identifying goals. Planning entails choosing in advance what to do, how to do it, when to do it, and who will execute it.

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Let's say a plaintiff claims that a campaign finance law in North Carolina infringes his First Amendment freedom of speech rights. This case, which is within the scope of jurisdiction, concerns an exclusive federal issue.

Legal actions brought in either a civil court against by the United States or its agents are exclusively subject to federal courts' subject-matter jurisdiction. In other words, only a federal court may hear any action that involves the US State is a claimant or defendant.

A real question of law or dispute that, because it involves a treaty, an international agreement, a federal statute, or the law of the United States, can be initially decided by a federal court in the country.

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With a turnover of 1.80, the profit margin will be 5901% similarly with a turnover of 22 the profit margin will be 0.16%, with a turnover of 2.65 the profit margin will be 20%, and with a turnover of 0.30 it will be 17.33%.

A company's turnover is a crucial indicator of its performance. It is employed at every stage of a company's existence, from luring investors to promoting the sale of the enterprise. When a company can control its turnover, it may operate profitably and efficiently.

Because employees are continuously coming and going through a revolving door, this turnover cycle may make it difficult for healthcare businesses to attract talent. Although studies indicate that the true cost of healthcare turnover varies, it may reach 150% of mid-level employees' annual salaries.

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The value of register $t0 is contained in the instruction 0x00101000 slt $t2, $0, $t0 slt, which compared the control packets and sets their output to 1 if the first monitor's value is lesser than just the second's.

If you want to tell a piece of code to run only if a certain statement is satisfied, use the if statement. If the exact circumstance is false, apply else to declare that a different block of code should be run. If the first expression is false, employ else if to define a new criterion to evaluate.

If not, it changes the value back to zero. 1 is entered into $t2 since 0 is less than $t0 (0x00101000).

$t2, $0, ELSE, bne

$t2 has the value 1. Because 1 does not equal 0, the ELSE command is carried out.

IF NOT, addi $t2, $t2, 2.

These instructions update $t2 with the addition of the value 2 and puts the result there.

Value of $t2 and 2 added the result will be

0000 0000 0000 0000 0000 0000 0000 0011

The Hexadecimal number of $t2 resulting from the implementation of binary instructions is termed as 3.

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When the price is the same as the market equilibrium price, total surplus is maximised.

When a market provides at its equilibrium value and quantity, overall welfare is maximised. Due to the fact that no alternative quantity and price combination can produce a higher level of total surplus, this level of output is regarded as allocatively efficient. The economy is more efficient the bigger the overall surplus. At the quantity of the free market equilibrium, total surplus and hence economic efficiency are maximum. Only the most effective producers will indeed be capable of producing a product that is cheaper than the market rate in highly competitive markets.

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If aggregate demand is held constant, the shift in the short-run aggregate-supply curve to the right will cause the price level to decrease and the quantity of output produced to increase.

If the new chair of the Federal Reserve is well known for her view that inflation is not a major problem for an economy, it is likely that the central bank will pursue expansionary monetary policy, such as lowering interest rates or increasing the money supply. This is likely to have the following effects:

People would expect the price level to rise: With expansionary monetary policy, people may expect an increase in the price level because there will be more money in circulation, which may lead to an increase in demand for goods and services, and therefore higher prices.

The nominal wage that workers and firms agree to in their new labor contracts would be lower than it would be otherwise: With an increase in the money supply, firms may be willing to hire more workers, but the real wages paid to workers may be lower than they would be otherwise due to the expected increase in the price level.

The profitability of producing goods and services at any given price level would increase: With lower interest rates, it may be cheaper for firms to borrow money to invest in new projects or expand production, leading to higher profitability.

The short-run aggregate-supply curve would shift to the right: With higher profitability, firms may be willing to produce more output at any given price level, leading to an increase in short-run aggregate supply.

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Darren has no money, , little credit, and does not have family members  to loan him money. Darren should try to fund his business through venture capitalists.

Option A is correct.

Darren ought to make an effort to raise money for his company from venture capitalists. Currently, venture capitalists are Darren's only option. The other choices are based on Darren's own wealth or the wealth of family members, and Darren is said to lack a lot of money,  or connections.

As a result, venture capitalists make investments in businesses that have the potential for rapid growth or cash flow generation. Venture capitalists typically exit their investments by selling to a trade buyer, listing on the stock exchange, or management buyout.

Incomplete question :

Darren is preparing to graduate college and has dreams of opening a pizza chain focused on healthy ingredients. Darren has no money,  little credit, and does not have family members in a position to loan him money. Darren should try to fund his business through______

A.Venture capitalists

B. Equity financing based on his own assets

C. Equity financing

D. Debt financing

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Focus differentiation is competitive strategies does a company follow if it produces a uniquely formulated anti-aging face cream targeted at women above the age of forty.

A competitive strategy is a long-term development and marketing plan created to outperform rivals. Cost leadership, differentiation, cost focus, and differentiation emphasis are the four competitive strategies that Michael Porter created.

One of the five factors that affects how fiercely a market is competitive is the negotiating power of providers. The other ones include entry obstacles, industry competition, the danger of alternatives, and buyer bargaining power.

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If a variable is growing at a positive constant rate, when plotted on a ratio scale, the slope of the plot will be constant over time.

A ratio scale plots values with a logarithmic scale, where each point on the scale represents a multiple of the previous point. Therefore, if a variable is growing at a constant rate, the ratio between two points on the scale will be constant over time. This constant ratio results in a straight-line plot with a constant slope over time. On the other hand, if the variable is plotted on a linear scale, the slope of the plot will be steeper over time as the absolute increase in value per unit time is increasing. This can be a useful way to visualize the growth of a variable and gain insights into its behavior over time.

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Tacos are in high demand. Assume that tacos and burritos are interchangeable. A drop in the price of burritos would cause a shift from component D2 to D0.

A change in the amount provided is a shift along the supply curve induced only by a price change. A change in the amount provided, like a change in demand, indicates that we are moving along the present supply curve.

A shift in the supply curve always causes a movement along a demand curve, resulting in a change in the amount requested. Similarly, a shift in the demand curve always causes a movement along the supply curve, resulting in a change in the quantity delivered.

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Rosnan Industries balance sheets and income statements show that the current ratio is sufficient to carry the transaction.

The profitability of your company is determined by its profits. It evaluates the portion of each pound in purchases or services the corporation retains of its profits and is stated as a percentage.

a)Calculation of the Current ratio for 2019

The current Ratio will be determined as:

=Total Current assets/Total Current liabilities

=$710/$335

=2.1194

b) current ratio is termed higher than 1 it will be sufficient

c)  Total assets turnover ratio - 2019

Total assets turnover ratio formula

=Sales/Average total assets

Average total assets will be

=(Total Assets in 2019+Total assets in 2018)/2

= ($2710+$2,185)/2

= $2447.50

Total assets turnover ratio

=$1,885/$2447.50

=0.7702

Rather than average total assets, visitors could also utilize cash and cash equivalents. Nonetheless, if possible, it is advised to just use average total holdings. The total assets turnover ratio becomes; if you utilize total assets rather than average total assets.

=$1,885/$2710

=0.6956

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The question is incomplete, the complete question is:

Rosnan Industries' 2018 and 2017 balance sheets and income statements are shown below.

Balance Sheets:

 2018 2017

Cash and equivalents $120   $105  

Accounts receivable 275   300  

Inventories 375   350  

     Total current assets $770   $755  

Net plant and equipment 2,000   1,490  

Total assets $2,770   $2,245  

Accounts payable $150   $85  

Accruals 75   50  

Notes payable 170   195  

     Total current liabilities $395   $330  

Long-term debt 450   290  

Common stock 1,225   1,225  

Retained earnings 700   400  

Total liabilities and equity $2,770   $2,245  

Income Statements:

 2018 2017

Sales $2,000   $1,500  

Operating costs excluding depreciation 1,250   1,000  

EBITDA $750   $500  

Depreciation and amortization 100   75  

EBIT $650   $425  

Interest 62   45  

EBT $588   $380  

Taxes (40%) 235   152  

Net income $353   $228  

Dividends paid $53   $48  

Addition to retained earnings $300   $180  

Shares outstanding 100   100  

Price $25.00   $22.50  

WACC 10.00%    

What is the firm’s 2018 current ratio? Round your answer to two decimal places.

The 2018 current ratio indicates that Rosnan has -Select-insufficientsufficientCorrect 1 of Item 3 current assets to meet its current obligations as they come due.

What is the firm’s 2018 total assets turnover ratio? Round your answer to four decimal places.

Given the 2018 current and total assets turnover ratios calculated above, if Rosnan’s 2018 quick ratio is 1.0 then an analyst might conclude that Rosnan’s fixed assets are managed -Select-efficientlyinefficientlyCorrect 1 of Item 4.

What is the firm’s 2018 debt-to-capital ratio? Round your answer to two decimal places.

%

If the industry average debt-to-capital ratio is 30%, then Rosnan’s creditors have a -Select-smallerbiggerCorrect 1 of Item 5 cushion than indicated by the industry average.

What is the firm’s 2018 profit margin? Round your answer to two decimal places.

%

If the industry average profit margin is 12%, then Rosnan’s lower than average debt-to-capital ratio might be one reason for its high profit margin.

The included in the journal entry necessary to record this $30,000 cash loan payment Debit to Loan Payable for $25,000.

When the loan is repaid, the cash account is credited and the loans payable account is debited (Dr. (Cr.). If the business pays cash for supplies, the cash account will be credited and the supply expense account will be debited (Cr.).

A loan's principle is recorded as a current liability on the balance sheet if it is due within the upcoming year. Any additional principal that is due in a period longer than a year is categorized as a long-term liability.

To document the transaction, the company's accountant makes the following journal entry: $3000 is deducted from the loans payable (a liability account) $1,000 is debited for interest costs (an expense account) Credit to Cash of $4000 (an asset account).

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The equilibrium price and quantity are $6.00 and 600 cases.

As a result, the quantity required of a commodity and its price have an inverse relationship. The equation Dx = f can be used to express the functional relationship between price and quantity demanded (Px).

A demand curve is a visual representation of the quantity demanded at each price. The demand curve is occasionally referred to as a demand schedule since it is a graphic representation of the demand schedules.

The quantity of commodities people will purchase at a specific price is shown by a demand schedule. This schedule illustrates that there is an inverse relationship between amount demanded and price because it is based on the law of demand. Tickets to a movie are an illustration of this.

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Based on the available options and the contemporary activities, the body that has been established to recommend accounting and financial reporting standards for the federal government is Federal Accounting Standards Advisory Board (FASAB).

Federal Accounting Standards Advisory Board (FASAB) is the body that works to improve government accountability by issuing federal financial accounting and reporting standards that conform to industry best practices.

Generally, the Federal Accounting Standards Advisory Board (FASAB) is the body that regulates generally accepted accounting principles ( GAAP ) for the federal government and its entities.

Hence, in this case, it is concluded that the correct answer is option D.

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Option (b), Because she is knowledgeable about a wide variety of wines, shopping locations, and other aspects of the wine market, Jill is regarded as a(n) Market maven when it comes to wine.

The market is particularly active among a select group of customers known as "market mavens." They take pleasure in shopping, are knowledgeable about establishments and goods, and actively engage in conversation with other consumers about their interests.

A "market maven" is an investor who is knowledgeable about the state of the market, "in the know," and who has access to information that the general public may not.

Market mavens are those that strike up dialogues with consumers and respond to their inquiries about the market. They are supposed to be informed about a variety of goods, shopping areas, and other market-related topics.

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The best advice for Cecelia would be to take into account creating a 529 college savings plan for her son, who intends to attend the Bookworm Institute, based on the facts presented.

Tax benefits include tax-free growth of contributions made to a 529 plan as well as tax-free withdrawals for eligible educational costs. The money in the account will thus increase more quickly than it would in a taxed account.

Flexibility: 529 plan funds aren't restricted to the Bookworm Institute; they can be utilised at any university that qualifies. The funds in the 529 plan can still be utilised if Cecelia's kid decides to attend a different college or pursue a different field of study.

Cecelia will have ownership of the account and full control on all investments and withdrawals. If her son decides not to go, she has the option of changing the beneficiary and the investment strategy.

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Because there is no relationship of privity between Karla and Neighborhood Sales, she will not be found negligent.

A sale is a kind of transaction in which services or goods are exchanged for a certain amount of money. To put it another way, a sale is any activity in which the buyer receives ownership of a good or commodity in exchange for a monetary price. Every business relies heavily on sales and marketing. They are intertwined and stimulate revenue (profit) generation. Sales converts potential customers into actual customers, whereas marketing focuses on raising awareness of a brand and organization.

Any transaction in which ownership of a good or entitlement to a service is exchanged for money or value is referred to as a sale in general business operations. Sales, or net sales, is the amount of money a company makes from selling goods or services in an accounting context.

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