Answer and Explanation:
1. The given statement is false as the specific projects are those projects that are funded for the specific or particular task
2. The given statement is true as the bill payment made for utility would be recorded in a proprietary fund
3. The given statement is true as the measurement of the economic resources would be recognized in the financial statement i.e. government wide
4. The given statement is true as the capital assets and long term liabilities that related to the proprietary find would be accounted under modified accrual basis
5. The given statement is true as for the government funds as well, it used the accrual basis
6. The given statement is true as the financial statement i.e. government wide would recognize the long term liabilities
year, Pietro expects to produce 48,700 units and sell 48,000 units at a price of $18.00 each. Beginning inventory of finished goods is $39,500, and ending inventory of finished goods is expected to be $31,000. Total selling expense is projected at $28,500, and total administrative expense is projected at $123,000. Required: 1. Prepare an income statement in good form. Rou
Answer:
See below
Explanation:
The above is an incomplete question. However, from a similar question, we will prepare the statement as requested.
Income statement
Sales [48,000 × $18]. $864,000
Cost of goods sold. $436,100
Gross sales $428,000
Less operating expenses
Selling expenses $28,500
Administrative expenses $123,000
Operating income $282,700
Calculation of cost of goods sold
Direct materials
Opening stock $6,000
Purchases $117,500
Less ending ($5,900). $117,600
,
Frank and Marion, husband and wife, file separate returns. Frank and Marion live in a common law state. Frank's salary is $42,000 and Marion's salary is $46,000. Marion receives dividend income of $4,000 from stock inherited from her parents. Frank receives interest income of $1,000 from bonds purchased with his salary after marriage. Frank and Marion receive $3,200 dividend income from stock they purchased jointly. Marion's income would be
Answer:
$50,100
Explanation:
Calculation for what Marion's income would be
Marion's salary $46,000
Add Dividend income $4,000
Add Joint Dividend income $1,600
(3,200/2)
Marion's income $50,100
($46,000 + $4,000 + $1,600)
Therefore Marion's income would be $50,100
To be able to explain and defend their ideas objectively to others, individuals usually need to have effective __________ skills
A. Macarty Company's records indicate the following information for the year: Merchandise inventory, 1/1 $ 550,000 Purchases 2,250,000 Net sales 3,100,000 On December 31, a physical inventory determined that ending inventory of $600,000 was in the warehouse. A. Macarty's gross profit on sales has remained constant at 30%. A. Macarty suspects some of the inventory may have been taken by some new employees. At December 31, what is the estimated cost of missing inventory
Answer:
add all them and there u go
Explanation: so add 550,000 -2,50,000 + 3,100,000+600,000 -30% hope that helps
During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows:Jan. 6 Sold goods for $50 to Wizard Inc. with terms 2/30, n/60. The goods cost Solitare $60.6 Sold goods to Spyder Corp. for $50 with terms 5/10, n/30. The goods cost Solitare $50.14 Collected cash for the amount due from Wizard Inc.Feb. 28 Collected cash for the amount due from Spyder Corp.Required:Compute the total revenue Solitare would report over the two months. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer:
The total revenue Solitare would report over the two months is $99 with a gross loss of $11.74
Explanation:
Particulars Amount ($)
Sales (January & February)
- Wizard Inc $50
- Spyder Corp $50
Less: Discount allowed to Wizard Inc $1 ($50 * 2%)
Net Sales $99
Less: Cost of goods sold (60.6+50.14) $110.74
Gross Loss $11.74
The term for distributing merchandise from the manufacturer to retail locations is called
Exclusive Distribution. strategy by which a manufacturer grants exclusive rights to distribute or sell a product to a limited number of wholesalers or retailers in a given geographic area
The term for distributing merchandise from the manufacturer to retail locations is called an allocation.
What is an allocation?Allocation is the distribution of the product to the other location.
Since when the merchandise is distributed from the manufacturer to retail locations so this we called as an allocation.
hence, The term for distributing merchandise from the manufacturer to retail locations is called an allocation.
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The term "lifestyle brand" refers to those hotels that appeal to people purely on the basis of price.
False
True
Answer:
false these brands appeal to people by location, theme, accommodations and etc
Explanation: brainliest plz
Which type of tutoring does the school normally offer
In seat tutoring
Online tutoring
Supplemental Instruction
All of the above
The type of tutoring does the school normally offer are :
•Online tutoring
•Supplemental Instruction
Tutoring is the way of teaching and impacting more knowledge into students which will inturn enable them to improve more in their studies.
•Online tutoring is the way of teaching or assisting students online in order to help them improve in their studies or subject which they are finding difficult to understand.
•Supplemental Instruction is a way of teaching and interacting with students who are facing difficulty in some subjects or courses such as traditionally subjects.
Inconclusion The type of tutoring does the school normally offer are :
•Online tutoring
•Supplemental Instruction
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Financial statement analysis: Multiple Choice is primarily used to identify account values that meet the normal standards. is limited to internal use by a firm's managers. provides useful information that can serve as a basis for forecasting future performance. provides useful information to shareholders but not to debt holders. is enhanced by comparing results to those of a firm's peers but not by comparing results to prior periods.
Answer:
The correct answer is the third option: Provides useful information that can serve as a basis for forecasting future performance.
Explanation:
To begin with, the name of "Financial Statement Analysis" refers to a process done by the managers of a company in the field of businesses that focus primarily in the observation of the financial accounts that the organizations has in order to be able to determine better decision so that they could earn better profits in the future avoiding mistakes previously done. Therefore that this type of analysis has the purpose of providing useful information for the managers so that they can establish better ways of acting and performing in the field.
Depreciation for Partial Periods Clifford Delivery Company purchased a new delivery truck for $36,000 on April 1, 2019. The truck is expected to have a service life of 5 years or 120,000 miles and a residual value of $3,000. The truck was driven 8,000 miles in 2019 and 20,000 miles in 2020. Clifford computes depreciation expense to the nearest whole month. Required: Compute depreciation expense for 2019 and 2020 using the following methods: (Round your answers to the nearest dollar.) Straight-line method 2019$ fill in the blank 1 2020$ fill in the blank 2 Sum-of-the-years'-digits method 2019$ fill in the blank 3 2020$ fill in the blank 4 Double-declining-balance method 2019$ fill in the blank 5 2020$ fill in the blank 6 Activity method 2019$ fill in the blank 7 2020$ fill in the blank 8 For each method, what is the book value of the machine at the end of 2019
Answer:
Clifford Delivery Company
1. Depreciation Expense for 2019 and 2020:
Straight-line Sum-of-the-years Double-declining Activity method
2019 ($6,600/12*9) 5/12 * $33,000 40% *$36,000 8/120 * $33,000
= $4,950 = $13,750 = $14,400 = $2,200
2020 = ($6,600/12*12) 4/12 * $33,000 40% *$21,600 20/120 * $33,000
= $6,600 = $11,000 = $8,640 = $5,500
2. Book value at the end of 2019:
Straight-line Sum-of-the-years Double-declining Activity method
Cost $36,000 $36,000 $36,000 $36,000
Depreciation
Expense 4,950 $10,313 $10,800 $2,200
Book Value, End
of 2019 $31,050 $25,687 $25,200 $33,800
Explanation:
a) Data and Calculations:
Cost of delivery truck = $36,000
Purchase date = April 1, 2019
Estimated useful life = 5 years or 120,000 miles
Residual value = $3,000
Depreciable amount = $33,000 ($36,000 - $3,000)
Annual straight-line depreciation expense = $6,60 ($33,000/5)
Straight-line Sum-of-the-years Double-declining Activity method
2019 ($6,600/12*9) 5/12 * $33,000 40% *$36,000 8/120 * $33,000
= $4,950 = $13,750/12*9 = $14,400 /12*9 = $2,200
= $4,950 = $10,313 = $10,800 = $2,200
2020 = ($6,600/12*12) 4/12 * $33,000 40% *$25,200 20/120 * $33,000
= $6,600 = $11,000 = $10,080 = $5,500
Straight-line Sum-of-the-years Double-declining Activity method
Cost $36,000 $36,000 $36,000 $36,000
Depreciation 4,950 $10,313 $10,800 $2,200
Book Value End
of 2019 $31,050 $25,687 $25,200 $33,800
a) The straight-line method divides the depreciable amount by the number of useful life to get an amount that is charged every year.
b) Sum of the years digit method sums the years and uses the denominator to apportion the depreciable amount, with the first year having the largest number as numerator.
c) Double-declining method doubles the straight-line rate and depreciates on declining value of the asset. It apportions more cost in the earlier years. For the last year, consideration is then given to the salvage value because the asset cannot be depreciated more than its depreciable amount.
d) Activity method calculates the depreciation expense based on the activity usage.
a string of length 160cm is cut in to 2 pieces, in the ratio 3:5
find the length of each piece
On February 1, Hansen Company purchased $120,000 of 5%, 20-year Knight Company bonds at their face amount plus one month's accrued interest. The bonds pay interest on January 1 and July 1. On October 1, Hansen Company sold $40,000 of the Knight Company bonds acquired on February 1, plus three months' accrued interest. On December 31, three months' interest was accrued for the remaining bonds. Determine the interest earned by Hansen Company on Knight Company bonds for the year.
Answer:
$5,000
Explanation:
interest earned on the first coupon = ($120,000 x 5% x 6/12) - ($120,000 x 5% x 1/12) = $2,500
interests earned until October (for the $40,000) = $40,000 x 5% x 3/12 = $500
interests earned until December (for $80,000) = $80,000 x 5% x 6/12 = $2,000
total interest earned during the year = $2,500 + $500 + $2,000 = $5,000
Your hypothesis is that "Quarterly maintenance of plant machinery will reduce the number of product defects except when worker rotations are affected by vacations or machines are retooled for new model introductions." In this hypothesis: What type of variable is quarterly maintenance of plant machinery?
Answer:
Independent
Explanation:
Which is a disadvantage of enrolling in a debt-settlement program?
A. The details of the program are fixed and cannot be changed.
B. Your credit report can be negatively impacted.
C. Payment options are limited and require fees.
D. It is difficult to prove that the debt has been satisfied when it is
paid off.
Answer:
Debt Settlement Program Disadvantages
A debt settlement program requires you to stop paying your creditors, which will add a significant amount to your debt because of late charges and the interest applied. ... Debt settlement is a gamble. If your creditors refuse to settle, you'll be in an even worse financial situation.
A disadvantage of enrolling in a debt-settlement program is the details of the program are fixed and cannot be changed. Thus, the correct answer is option A.
What is debt?Debt is an obligation that requires one party, the debtor, to pay another party, the creditor, money or other agreed-upon value. Debt is a delayed payment, or series of payments, as opposed to an immediate purchase.
Debt settlement firms, also known as "debt relief" or "debt adjusting" firms, frequently claim they can negotiate with our creditors to reduce the amount we owe. For-profit companies offer debt settlement programmes, which involve the company negotiating with your creditors to allow you to pay a "settlement" to resolve your debt. The settlement is another term for a lump sum payment that is less than the total amount owed.
Therefore, the details of the debt settlement program are fixed and cannot be changed.
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Workers over forty tend to be motivated by intrinsic motivators.
True
False
Answer: true
Explanation:
i sorta just guessed
The first step in the human resources planning process is to __________
The first step in the human resources planning process is to forecast future human resource needs.
Problem 4-53 (Algo) Special Order (LO 4-1, 2) Unter Components manufactures low-cost navigation systems for installation in ride-sharing cars. It sells these systems to various car services that can customize them for their locale and business model. It manufactures two systems, the Star100 and the Star150, which differ in terms of capabilities. The following information is available. Costs per Unit Star100 Star150 Direct materials $ 55 $ 65 Direct labor 24 30 Variable overhead 10 15 Fixed overhead 80 110 Total cost per unit $ 169 $ 220 Price $ 280 $ 380 Units sold 4,000 2,000 The average wage rate is $15 per hour. Variable overhead varies with the quantity of direct labor-hours. The plant has a capacity of 20,000 direct labor-hours, but current production uses only 10,400 direct labor-hours. Required: a. A nationwide car-sharing service has offered to buy 2,400 Star100 systems and 2,400 Star150 systems if the price is lowered to $190 and $240, respectively, per unit. a-1. If Unter accepts the offer, how many direct labor-hours will be required to produce the additional systems
Answer:
Unter Components
If Unter accepts the offer, the direct labor-hours required to produce the additional systems are:
= 8,640 hours.
Explanation:
a) Data and Calculations:
Product Lines Star100 Star150
Direct materials $ 55 $ 65
Direct labor 24 30
Variable overhead 10 15
Fixed overhead 80 110
Total cost per unit $ 169 $ 220
Price $ 280 $ 380
Units sold 4,000 2,000
Average wage rate is $15 per hour
Product Lines Star100 Star150
Hours to make one unit 1.6 hours 2 hours ($24/15 and $30/$15)
Special offer by a nationwide car-sharing service:
Systems to buy 2,400 2,400
Offered price $190 $240
Hours to make systems 3,840 4,800
(2,400 *1.6 hours and 2,400 *2 hours)
Total hours required to make both systems = 8,640 hours (3,840 + 4,800)
Jackson Inc. listed the following data for 2019: Budgeted factory overhead $1,290,000 Budgeted direct labor hours 75,000 Budgeted machine hours 43,000 Actual factory overhead 1,130,100 Actual direct labor hours 88,000 Actual machine hours 41,100 Assuming Jackson Inc. applied overhead based on machine hours, the firm's predetermined overhead rate for 2019 (round calculations to 2 significant digits) is:
Answer:
$30 per machine hour
Explanation:
The firm's predetermined overhead rate for 2019 is computed as;
= Budgeted factory overhead / Budgeted machine hours
Given that;
Budgeted factory overhead = $1,290,000
Budgeted machine hours = 43,000 hours
Predetermined over head rate = $1,290,000 / 43,000 = $30 per machine hour
You are the manager of an off-site airport auto rental office. An employee has informed you that the shuttle bus driver, who is a reformed alcoholic, was recently arrested on a driving under the influence charge. He is your most reliable employee; however, you are concerned with the safety of your employees and customers.
Questions:
1. What is the ethical dilemma?
2. Name all the primary and secondary stakeholders
Primary:
Secondary:
3. What would an individual that believed the following ethical foundations recommend that you should do (not a definition)? In other words, put yourself in the place of that philosophy to determine your recommendations.
Cultural relativism:
Subjectivism:
Religion:
4. Which response, if any comes closest to your thinking? Explain why or why not?
5. Response Question
Should a company’s concern for the safety of its employees and customers override the medical needs of a single employee? Explain why or why not?
The ethical dilemma is whether u wanna look at the safety at staff or customers or wanna remove the driver from the job bc he could get drunk
Customers and staff- primary stakeholders
staff union and future shareholders of the company bc the image of the bus company will get harmed- secondary stakeholders
i only know the answer to the first 2 hope this helps x!!
A value-added activity in a service enterprise is reception. billing. performing landscaping services. ordering supplies. eTextbook and Media
Answer:
performing landscaping services.
Explanation:
ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC charges direct materials to WIP, while indirect materials are charged to the Factory Overhead account. During the month of April, the company has the following cost information: Total materials (direct and indirect) purchased $ 92,700 Indirect materials issued to production 37,400 Total materials issued to production 109,000 Beginning materials inventory 53,700 The debit to the Factory Overhead account is:
Answer:
$37,400
Explanation:
Overhead incurred are accounted for in the Overhead Account. The debit side of this account is increased with any overhead incurred. From the question, the indirect materials are the only overheads incurred.
The entry to record this is as follows :
Debit : Overhead $37,400
Credit : Materials $37,400
Being Material Overheads incurred
If production is increased to 700 boxes per day after the change in work rules, what is the new productivity?
Answer:
The new productivity is "29.17 boxes per hour". A further solution is provided below.
Explanation:
The given number of boxes,
= 700 boxes
After the change in the work rule,
The productivity will be:
= [tex]\frac{700 \ boxes}{3\times 8 \ hours}[/tex]
= [tex]\frac{700 \ boxes}{24 \ hours}[/tex]
= [tex]29.17 \ boxes \ per \ hr[/tex]
The United States financial system is attractive to international investors because _____.
(Select all that apply.)
1. the Federal Reserve oversees the system
2. the FDIC insurance bank deposits
3. risk is not high
4. it is a stable system
Answer:
1. the Federal Reserve oversees the system
2. the FDIC insurance bank deposits
4. it is a stable system
Explanation:
The United States financial system is attractive to international investors because the Federal Reserve oversees the system, the FDIC insurance bank deposits and it is a stable system.
Parents put $ 1000 into a savings account at the birth of their daughter. When their daughter is 18 years old, the money in the account is $2936.77. What is the interest rate compounded monthly?
Answer:
408.611%
Explanation:
On August 24, Edward Charles offered to sell his 1967 Chevy Corvette Convertible for $150,000 to Mark Anderson. Anderson offered to pay $125,000. On August 24, Charles rejected Anderson’s offer of $125,000. On August 28, Anderson offered $150,000 for the car. Charles refused to sell and Anderson sued for specific performance of the contract. Will the court require Charles to sell the car? Use legal theories and the facts to support your answer.
Answer:
No, Charles will not be required to sell. The original deal involved $150,000, but the Anderson made a counteroffer which eliminates the original deal. Since Charles rejected the counteroffer, there is no legal obligation between both parties. If the car is going to be sold, new terms must be agreed by both parties.
An existing electrical power line needs to have its capacity increased, and this can be done in either of two ways. The first method is to add a second conductor to each phase wire using the same poles, insulators and fittings, at a construction cost of $15,000. The second method for increasing capacity is to build a second line parallel to the existing line, using new poles, insulators and fittings, at a construction cost of $23,000. At some time in the future, the line will require another increase in capacity, with the first alternative now requiring a second line at a cost of $32,500, and the second alternative requiring added conductors at a cost of $23,000. If interest rate is 6%, how many years between the initial expenditure and the future expenditure will make the two methods economically equal
Answer:
3 years
Explanation:
First method
The PV of the investment can be written as:
PV1 = $15,000 + $32,500/(1+0.06)^n
Second method
The PV of the investment can be written as:
PV2 = $23,000 + $23,000/(1+0.06)^n
After n years both projects will be economically equal. Hence their present value must be equal PV1 = PV2
$15,000 + $32,500/(1.06)^n = $23,000 + $23,000/(1.06)^n
$23,000 - $15,000 = $32,500/(1.06)^n - $23,000/(1.06)^n
$8,000 = $9,500/(1.06)^n
(1.06)^n = $9,500/$8,000
(1.06)^n = 1.1875
Taking log on both sides we get:
nlog1.06 = log 1.1875
n = log 1.1875/log 1.06
n = 0.07463361829/0.02530586526
n = 2.94926166417121
n = 3
So, the answer is 3 years
50 red and 50 black balls in a box when you randomly pick two balls without replacement
You want to be able to withdraw $800 from a savings account at the end of year 1, $900 at the end of year 2, $1,000 at the end of year 3, and so on over a total of 5 years. How much money must be on deposit right now, at the end of year 0, to just deplete the account after the 5 withdrawals if interest is 5% compounded annually
Arrange the steps in shipping and receiving merchandize in the correct order.
1.shipment of goods
2.receiving goods
3.order fulfillment
4.inventory control
Answer:
3,1,4,2
Explanation:
order fulfilment
shipment of goods
inventory control
receiving goods
Discuss the advantages and disadvantages of the merger between the two telecommunication firms.