a. Schedule of budgeted cash disbursements:
April:
Production costs:
65,000 units produced x $7 per unit x 40% = $182,000 (paid in April)
65,000 units produced x $7 per unit x 60% = $273,000 (paid in May)
Selling and administrative expenses: $110,000
Accounts payable: $193,000
Total cash disbursements: $685,000
May:
Production costs:
55,000 units produced x $7 per unit x 60% = $231,000 (paid in May)
55,000 units produced x $7 per unit x 40% = $154,000 (paid in June)
Selling and administrative expenses: $110,000
Total cash disbursements: $495,000
June:
Production costs:
55,000 units produced x $7 per unit x 40% = $154,000 (paid in June)
55,000 units produced x $7 per unit x 60% = $231,000 (paid in July)
Selling and administrative expenses: $110,000
Total cash disbursements: $495,000
b. Schedule of budgeted cash receipts:
April:
Sales: 55,000 units x $16 per unit x 60% = $528,000
Collections from February sales: $100,000
Total cash receipts: $628,000
May:
Sales: 45,000 units x $16 per unit x 60% = $432,000
Sales: 55,000 units x $16 per unit x 30% = $264,000
Total cash receipts: $696,000
June:
Sales: 65,000 units x $16 per unit x 60% = $624,000
Sales: 45,000 units x $16 per unit x 30% = $216,000
Sales: 55,000 units x $16 per unit x 10% = $88,000
Total cash receipts: $928,000
c. Low inventory turnover means that a company is not selling its inventory quickly enough, which can lead to higher holding costs and potentially lower profits. Two ways to overcome low inventory turnover are:
Improve forecasting and demand planning: By accurately forecasting demand and adjusting production accordingly, a company can avoid overstocking or understocking inventory. This can help ensure that inventory is sold quickly and efficiently, leading to higher turnover.
Implement just-in-time (JIT) inventory management: JIT is a lean manufacturing approach where inventory is only ordered and received when it is needed for production or sale. This can help reduce holding costs and improve inventory turnover, as inventory is not sitting on shelves for long periods of time.
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The local hairdresser industry has the market structure of monopolistic competition. Your hairdresser boasts that he is making a profit and that if he continues to do so, he will be able to retire in five years, bse a diagram to illustrate your hairdressers current situation. Do you expect this to last? In a separate diagram, draw what you expect to happen in the long run. explain your reasoning.
In the local hairdresser industry with a monopolistic competition market structure, your hairdresser is one of many firms that offer similar, but not identical services.
Since he is making a profit, we can assume that his current price is greater than his average total cost.
In the short run, his situation may look like this: he has a downward-sloping demand curve, and a marginal revenue curve below the demand curve. His profit-maximizing output occurs where marginal cost equals marginal revenue.
At this output, the price he charges is above the average total cost, indicating a profit.
However, in the long run, monopolistic competition typically leads to zero economic profit. This is because other firms will be attracted by the profit potential and enter the market.
As a result, the demand curve for your hairdresser's services will shift to the left, reducing the price he can charge. Eventually, the demand curve will shift enough so that it is tangent to the average total cost curve, meaning he earns zero economic profit.
In conclusion, while your hairdresser is currently making a profit, it is unlikely to last in the long run due to the nature of monopolistic competition.
As new firms enter the market, the increased competition will erode his profit margins and he may need to adjust his retirement plans accordingly.
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If there are 60 developers for a Scrum project, how should they be divided into teams?
When dividing a large group of developers, such as 60, into teams for a Scrum project, it's important to consider the size and complexity of the project as well as the skills and expertise of each individual developer.
One approach could be to divide the developers into multiple teams of 6-9 members each, with each team having a mix of skills and experience levels. Another approach could be to have a core team of experienced developers who work closely with the product owner, and then divide the remaining developers into smaller teams based on specific areas of expertise or tasks. Ultimately, the goal should be to create teams that are well-balanced and able to work efficiently and effectively together to achieve the project's goals.
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Marketing information systems and marketing research have changed rapidly because customers and companies around the world have been linked by
a) the computer.
b) the super database.
c) the Interactive network.
d) electronic online services.
e) evolving telecommunications.
Marketing information systems and marketing research have undergone significant changes due to technological advancements. Companies that embrace these advancements are better equipped to meet the needs of their customers and remain competitive in the ever-changing business landscape.
Marketing information systems and marketing research have undergone significant transformations in recent years due to the advent of technology that has linked customers and companies globally. The most prominent technological advancements that have impacted marketing information systems and marketing research include the computer, the super database, the interactive network, electronic online services, and evolving telecommunications.
The computer has revolutionized marketing information systems and marketing research by allowing marketers to collect and analyze vast amounts of data in real-time. With the use of the super database, companies can collect data on customer preferences, behavior, and purchasing patterns, allowing them to tailor their marketing strategies to meet the needs of individual customers.
The interactive network has enabled companies to engage with customers in real-time, using various channels such as social media platforms, mobile applications, and websites. This has allowed companies to build strong customer relationships and create brand loyalty.
Electronic online services have enabled companies to collect customer data and feedback more efficiently and cost-effectively. This has led to the development of more targeted and personalized marketing campaigns that are based on customer preferences and behavior.
Lastly, evolving telecommunications have facilitated the globalization of marketing information systems and marketing research. Companies can now reach customers globally and conduct market research in different countries, providing them with valuable insights into international markets.
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67. The process of making long range management development plans to fill human resources needs is known as:
A. Development planning.
B. Career planning.
C. Succession planning.
D. Onboarding.
E. Organizational succession.
The correct answer to this question is C. Succession planning.
Succession planning is the process of identifying and developing internal employees with the potential to fill key leadership positions within an organization. It involves assessing current and future human resource needs and creating a long-term strategy to ensure that these needs are met. This may involve training, mentoring, and coaching employees to prepare them for future leadership roles. Succession planning is an important aspect of organizational development as it helps ensure continuity and stability in the event of leadership changes or other disruptions. It is also a valuable tool for retaining top talent and promoting career development within an organization.
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Retro Ltd currently has spare capacity in the short-term and is considering a special project. The project requires 1,480Kg of material A. The following information relates to the project:
Quantity in Inventory (Kg.) 1,200 Original Cost per Kg €20 Current purchase price per Kg €15 Scrap Value per Kg Nil
Material A is in inventory as a result of over purchasing and has no other use. The relevant cost of material A for this project is:
a) €22,200
b) €4,200 c) €5,600
The relevant cost of material A for the project is b) €4,200.
Based on the information provided, the relevant cost of material A for this project can be calculated as follows:
1. Use the 1,200 Kg of material A from inventory, which has an original cost of €20 per Kg:
1,200 * €20 = €24,000.
2. Purchase the remaining required material (1,480 Kg - 1,200 Kg) = 280 Kg at the current price of €15 per Kg:
280 * €15 = €4,200.
Now, sum up the costs: €24,000 (from inventory) + €4,200 (purchased) = €28,200.
However, since material A has no other use and would have no value if not used in this project, the original cost of material A in inventory (€24,000) is considered a sunk cost and should be ignored when determining the relevant cost for this project.
Therefore, the relevant cost of material A for this project is only the cost of purchasing the additional material needed, which is b) €4,200.
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A specific model of computer servers are being sold by Company A for $26,600 each, offering trade discounts of 8% and 5% and by Company B for $35,700 each, offering trade discount rates of 12% and 3%. a. Which company offers the servers for a cheaper price? b. What further trade discount rate must the company with the higher price provide to match the lower price?
Company A offers the servers for a cheaper price at $23,138 each , Company B must offer an additional trade discount rate of 35% to match the net price of $23,138 offered by Company A
a. To compare the prices offered by the two companies, we need to calculate the net price of one server offered by each company after taking into account the trade discounts.
For Company A:
Trade discount = 8% + 5% = 13%
Net price = $26,600 - (13% x $26,600) = $23,138
For Company B:
Trade discount = 12% + 3% = 15%
Net price = $35,700 - (15% x $35,700) = $30,345
Therefore, Company A offers the servers for a cheaper price at $23,138 each.
b. To determine the further trade discount rate that Company B must offer to match the lower price, we can use the following formula:
Net price = List price - (Trade discount rate x List price)
Substituting the values for Company B, we get:
$23,138 = $35,700 - (Trade discount rate x $35,700)
Solving for the trade discount rate, we get:
Trade discount rate = ( $35,700 - $23,138 ) / $35,700
Trade discount rate = 0.35 or 35%
Therefore, Company B must offer an additional trade discount rate of 35% to match the net price of $23,138 offered by Company A.
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the disadvantage of building up inventory during the off season to meet demand during peak seasons and keep production stable year round is
The disadvantage of building up inventory during the off season to meet demand during peak seasons and keep production stable year round is the cost associated with carrying excess inventory. Inventory carrying costs include storage, handling, insurance, and obsolescence.
Additionally, there is a risk that demand during the peak season may not meet expectations, leading to excess inventory and increased costs. Building up inventory also ties up capital that could be used for other business operations or investments.
Furthermore, inventory buildup may also result in quality issues and product obsolescence if trends or consumer preferences change during the off season. Overall, while building up inventory may seem like a feasible solution for maintaining production stability year-round, it can result in significant financial drawbacks.
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in california, which of the following is considered the same as cash when provided in business transactions?
In California, cash equivalents are considered the same as cash when provided in business transactions. Cash equivalents are highly liquid assets that can be easily converted into cash, such as money market funds, treasury bills, and commercial paper.
These assets are considered to be just as good as cash because they can be quickly and easily converted into cash without significant loss of value.
Therefore, businesses can accept cash equivalents as a form of payment without worrying about the potential risks associated with accepting other forms of payment that may not be as easily converted into cash.
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In California, which of the following is considered the same as cash when provided in business transactions?
A check.
A promissory note.
cash equivalents
All of the above
A consumer who uses a few simple decision rules to arrive at a purchase decision is using which of the following?
A) routine decision making
B) limited problem solving
C) graduated response behavior
D) extended problem solving
A consumer who uses a few simple decision rules to arrive at a purchase decision is using routine decision making. The correct option is a) routine decision making.
This type of decision-making process involves low involvement and low risk purchases, where the consumer is familiar with the product or service and has made similar purchases before. The decision-making process is quick and effortless, as the consumer does not need to gather much information or evaluate alternatives. Instead, they rely on their past experiences and habits to make the decision.
Examples of routine decision making can include buying groceries, household items, or personal care products. These purchases do not require a lot of thought or consideration, and the consumer may even choose the same brand or product every time. Companies that offer these types of products often focus on building brand loyalty and creating repeat customers. Overall, routine decision making is an important aspect of consumer behavior, and understanding this process can help companies better target their marketing efforts and improve customer retention. The correct option is a) routine decision making.
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Ned is particularly adept at designing and creating new fashions. In which of the following would Ned have the highest level of autonomy? A) doing alterations at the dry cleaners B) creating custom bridal gowns in a bridal store C) creating custom gowns and suits for a pageant D) working as a private tailor for a local real estate agent E) working as a stylist for a local celebrity
Ned would have the highest level of autonomy in option C) creating custom gowns and suits for a pageant.
This is because creating custom gowns and suits for a pageant involves designing and creating new fashions from scratch, which requires a high level of creativity and skill.
Ned would have the freedom to choose the designs, fabrics, and styles that he believes would best suit the pageant contestants, without having to adhere to strict guidelines or rules.
Additionally, working as a private tailor for a local real estate agent and working as a stylist for a local celebrity may involve some degree of autonomy, but they would not allow Ned to showcase his full range of design and creative abilities as much as creating custom gowns and suits for a pageant would.
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Describe near transfer and far transfer. What are their implications for training design?
Near transfer and far transfer are terms used in the field of cognitive psychology to describe the extent to which skills or knowledge learned in one context can be applied to another context.
Near transfer refers to the application of skills or knowledge learned in one context to a similar or closely related context. For example, if someone learns to play the guitar, they may be able to transfer that skill to playing a different song on the guitar. In terms of training design, near transfer suggests that skills should be practiced in a variety of contexts that are similar to the target context, so that learners can apply their skills more easily in the future.
Far transfer refers to the application of skills or knowledge learned in one context to a different, less similar context. For example, if someone learns to play the guitar, they may be able to transfer that skill to playing a different musical instrument, such as the ukulele. In terms of training design, far transfer suggests that skills should be practiced in a variety of contexts that are different from the target context, so that learners can apply their skills more flexibly in the future.
In addition, it is important for trainers to be aware of the potential limitations of transfer, as not all skills or knowledge can be transferred easily from one context to another. Some skills may be highly context-specific and difficult to apply in different contexts, while other skills may be more transferable. Understanding the extent to which transfer is possible for different skills and knowledge can help trainers design more effective training programs.
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The following facts are for a non-cancellable lease agreement between Oriole Corporation and Russell Corporation, a lessee:Inception date July 1, 2020Annual lease payment due at the beginning of each year, starting July 1, 2020 $20,954.73Bargain purchase option price at end of lease term reasonably certain to be exercised by Russell $3,900.00Lease term 5 yearsEconomic life of leased equipment 10 yearsLessor’s cost $43,800.00Fair value of asset at July 1, 2020 $89,800.00Lessor’s implicit rate 10%Lessee’s incremental borrowing rate 10%The collectibility of the lease payments is reasonably predictable, and there are no important uncertainties about costs that have not yet been incurred by the lessor. The lessee assumes responsibility for all executory costs. Both Russell and Oriole use IFRS 16.Required:Prepare a lease amortization schedule for the lease obligation using a computer spreadsheet for Russell Corporation for the five-year lease term. (Present value of an annuity of 1 for 5 years, 9% discounted rate is 4.23972 and single sum of present value is 0.64993).Prepare the journal entries on the lessee’s books to reflect the signing of the lease agreement and to record the payments and expenses related to this lease for the years 2020 and 2021. Russell’s annual accounting period ends on December 31, and Russell does not use reversing entries.
A journal entry is a financial record of a business transaction that is recorded in an accounting system. Lease amortization is the process of taking the intangible asset within a lease agreement and reducing its value based on the historical cost, economic lifetime value, as well as residual value.
To prepare the lease amortization schedule, we can use the following steps:
Determine the lease liability, which is the present value of the lease payments discounted at the lessee's incremental borrowing rate (10%) over the lease term (5 years). The lease liability is $95,275.41.Determine the right-of-use asset, which is equal to the lease liability plus any initial direct costs (in this case, there are none). The right-of-use asset is also $95,275.41.Prepare the lease amortization schedule by calculating the interest expense and the lease payment for each year. The interest expense is calculated by multiplying the lease liability at the beginning of the year by the lessee's incremental borrowing rate (10%). The lease payment is $20,954.73 for each year. The lease liability is reduced by the lease payment minus the interest expense each year.The journal entries to record the lease for 2020 and 2021 are as follows:
2020:
Right-of-use asset $95,275.41
Lease liability $95,275.41
To record the lease agreement
Lease liability $17,080.32
Cash $20,954.73
Interest expense $3,874.41
To record the first lease payment and interest expense
2021:
Lease liability $16,579.60
Interest expense $3,817.72
Cash $20,954.73
To record the lease payment and interest expense for year 2
In summary, the lease amortization schedule shows that the lease liability will be paid off by the end of the lease term, and the journal entries reflect the recognition of the right-of-use asset and the lease liability on the lessee's balance sheet, as well as the recognition of interest expense and lease payments on the income statement.
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which of the following is a form of informal reward that a manager may give when exercising leadership?
a raise b praise c promotion d bonus
The form of informal reward that a manager may give when exercising leadership is praise. So, the correct option is b) praise.
Praise is an informal reward because it is not directly tied to financial benefits or career advancement. It involves recognizing and appreciating an employee's efforts, achievements, or positive qualities. Praise can be given through verbal communication or written notes, such as emails or thank-you cards.
When a manager provides praise, it can help boost an employee's morale, motivation, and job satisfaction. This informal reward helps create a positive work environment and strengthens the employee-manager relationship.
In contrast, raises, promotions, and bonuses are formal rewards that involve tangible benefits, such as increased pay, higher positions, or financial incentives. These rewards are usually based on pre-defined criteria and have a more structured process for being awarded.
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1. Miss Perfect Inc. is a beauty products company based in Madison, Wisconsin. They sell a wide range of beauty products. One of their best selling products is their eyeliner. Miss Perfect Inc. purchases older primates (monkeys, gorillas and orangutans) from zoos across the United States. They use these primates to test their products. They admit that they test their products on primates. They state that they perform these tests to "prevent eye pain and/or eye injury to their customers." and that their "testing is done in the most humane way possible." Is Miss Perfect Inc. an ethical company in your opinion? If the zoos know why Miss Perfect Inc. are purchasing their older animals are the zoos ethical? Are the people who buy Miss Perfect products ethical? (These are opinion questions but base your answers on our discussion of ethical theories we learned in Chapter One.)
They offer a huge selection of cosmetics. Their eyeliner is one of their best-selling items. Older primates are purchased by Miss Perfect Inc. Ethics theory on how to handle animals in experiments and their moral importance rather than directly testing humans.
Animals are used by humans for food, transportation, and companionship and have been for a very long time. the opinions a person has about their own qualities and how they rank those traits. The present trend of wearing high heels, which can lead to knee and hip issues, is comparable to the ancient Asian custom of foot binding.
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The incomes in a certain large population of retail managers have a normal distribution with mean $75,000 and standard deviation $10,000.
If four managers are selected at random from this population:
What are the mean and standard deviation of this sampling distribution?
( ____ and ____ )
The mean of the sampling distribution of the mean incomes of the four selected managers is still $75,000, as it is the same as the population mean. The standard deviation is $5,000.
The standard deviation of the sampling distribution is the standard deviation of the population divided by the square root of the sample size. Therefore, the standard deviation of the sampling distribution is $10,000 / sqrt(4) = $5,000.
Mean of sampling distribution: $75,000
Standard deviation of sampling distribution: $5,000
The mean and standard deviation of the sampling distribution for the incomes of four randomly selected retail managers from this population are:
Mean = μ (population mean) = $75,000
Standard deviation = σ / sqrt(n) = $10,000 / sqrt(4) = $10,000 / 2 = $5,000
Your answer: ($75,000 and $5,000)
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when using the aida strategy to present a persuasive message, you should motivate action in the body of your message. true or false
The answer for the statement ''when using the aida strategy to present a persuasive message, you should motivate action in the body of your message'' is True.
When using the AIDA (Attention, Interest, Desire, Action) strategy to present a persuasive message, it is important to motivate action in the body of your message. This means that after capturing the audience's attention and generating interest, you need to create a desire for your product or service and then provide a clear and compelling call to action.
This could be an invitation to visit a website, make a purchase, or sign up for a service. By motivating action, you are encouraging the audience to take the next step towards making a decision and achieving the desired outcome. Without this call to action, your message may not be effective in achieving the desired results.
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power is . question 14 options: group centered resides in the individual all or nothing avoidable in most human transactions
Power is a concept that can be understood in different ways, and in the context of your question,
we can explore two primary options: group-centered power and power that resides in the individual.
Group-centered power is the idea that power is distributed among the members of a group or community, which can lead to a collective decision-making process.
This type of power relies on the collaboration, consensus, and negotiation among group members to determine the best course of action for the group as a whole.
On the other hand, power that resides in the individual suggests that power is held by a single person or entity, such as a leader or an organization.
In this case, the individual has the authority to make decisions and dictate the direction of the group, often with limited input from others.
It is important to note that power dynamics are not always "all or nothing," meaning that power can be distributed in various ways within a group or community.
Moreover, power dynamics are often unavoidable in most human transactions, as individuals and groups constantly negotiate and navigate their relationships and roles within a larger social structure.
In summary, power can be group-centered, where power is shared and distributed among members of a group, or it can reside in the individual,
where one person holds authority over others. Power dynamics are not always "all or nothing" and are usually unavoidable in human transactions.
Understanding these concepts can help us navigate and make sense of the complexities of power in various contexts.
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Size, color, position, and novelty are all strategies for creating which of the following?Required to answer. Single choice.
A. adaptation
B.thresholds
C.positioning
D.contrast
The strategies of size, color, position, and novelty are all related to the concept of contrast. The correct option is d).
Contrast refers to the noticeable differences between elements in a design, and these strategies are often used to create such differences. For example, a larger or brighter element may contrast with smaller or duller elements, while a novelty element may contrast with more common or expected elements. The positioning of elements can also create contrast, such as placing a bold element in a central position while more subtle elements are placed around it.
By creating contrast, designers can draw attention to certain elements, make them stand out, and guide the viewer's eye through the design. Contrast is an important tool for creating visual interest, emphasizing important information, and making designs more effective overall.
Therefore, the correct answer to the question is D. contrast. The strategies of size, color, position, and novelty all play a role in creating contrast and making designs more impactful.
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bloom and plant organize a partnership on january 1. bloom's initial investment consists of $1,200 cash, $3,800 equipment and a $1,000 note payable reflecting a bank loan for the new business. plant's initial investment is cash of $6,000. these amounts are the values agreed on by both partners. the journal entry to record plant's investment is:
This journal entry reflects that Plant is contributing $6,000 in cash to the partnership, which is recorded as a credit to Cash and a debit to Capital (Plant). This means that Plant's ownership in the partnership is reflected by their Capital account, which will increase by $6,000.
It is important to note that Bloom's initial investment consists of both cash and non-cash assets, which need to be properly recorded in the partnership's books. Bloom's cash investment of $1,200 would be recorded in a similar journal entry, but the equipment and note payable would need to be recorded separately.
To record Bloom's initial investment of $3,800 in equipment, the journal entry would be:
Equipment $3,800
Capital (Bloom) $3,800
This entry reflects that Bloom is contributing $3,800 worth of equipment to the partnership, which is recorded as a debit to Equipment and a credit to Capital (Bloom).
To record the $1,000 note payable reflecting a bank loan for the new business, the journal entry would be:
Cash $1,000
Note Payable (Bank) $1,000
This entry reflects that Bloom is taking out a loan of $1,000 to invest in the partnership, which is recorded as a debit to Note Payable (Bank) and a credit to Cash.Overall, it is important to properly record all investments in the partnership to ensure accurate financial statements and proper allocation of ownership and profits.
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King Dairy Treats opened for business on May 1, 2018. Its trial balance before adjustments on July 31, 2018 includes the following selected accounts: Other data: 1. Monthly amortization is $400 on the building and $200 on the equipment. 2. Certain dairy treats for which the customer had paid $400 in June, were delivered in July. 3. An inventory count of cleaning supplies at July 31 shows $900 on hand. 4. Rent for July of $900 was unpaid at July 31. 5. Insurance is paid at the rate of $200 per month. 6. Milk products worth $400 were delivered to the company on July 31, but the bill has not been received yet. 7. The note payable has an interest rate of 7% per year and is paid at the end of every calendar quarter. Instructions Journalize the adjusting entries for July on July 31.
These are the adjusting entries for July on July 31 for King Dairy Treats.
Here is a step-by-step explanation:
1. Monthly amortization on the building and equipment:
Debit Amortization Expense $600 (400 for building + 200 for equipment)
Credit Accumulated Amortization - Building $400
Credit Accumulated Amortization - Equipment $200
2. Dairy treats paid in June and delivered in July:
Debit Unearned Revenue $400
Credit Revenue $400
3. Inventory count of cleaning supplies on July 31:
Debit Cleaning Supplies Expense (difference between initial and final value)
Credit Cleaning Supplies (difference between initial and final value)
4. Rent for July unpaid on July 31:
Debit Rent Expense $900
Credit Rent Payable $900
5. Insurance paid at the rate of $200 per month:
Debit Insurance Expense $200
Credit Prepaid Insurance $200
6. Milk products were delivered on July 31, but the bill has not been received yet:
Debit Inventory $400
Credit Accounts Payable $400
7. Interest on the note payable at 7% per year paid quarterly:
Debit Interest Expense (amount calculated based on 7% annual rate and time period)
Credit Interest Payable (amount calculated based on 7% annual rate and time period)
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which of the following is true of assigning responsibility for purchasing? group of answer choices generally, one person should be given the overall purchasing responsibility. generally, the authority to order should be with a team of experts. the person assigned the responsibility for purchasing should not ask for help. responsibility for purchasing should not be assigned to the business owner.
A: "Generally, one person should be given the overall purchasing responsibility" is true about assigning responsibility for purchasing.
This person will be responsible for coordinating and managing the procurement process, including researching potential vendors, obtaining quotes, negotiating prices and terms, placing orders, tracking shipments, and handling any issues that may arise with the order. While the purchasing manager may work closely with a team of experts to make informed decisions, they are ultimately accountable for the purchasing decisions made by the company.
It is not advisable for the person assigned the responsibility for purchasing to not ask for help, as seeking advice and input from others can help them make better purchasing decisions. Finally, while the business owner may have some involvement in the purchasing process, it is generally better to assign the responsibility for purchasing to a dedicated purchasing manager to ensure that the process is handled efficiently and effectively.
Option A is answer.
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use the above graph to answer the questions question 29 options: what type of market structure does the graph represent? question 30 (1 point) question 30 options: what is the equilibrium quantity for this market? question 31 (1 point) question 31 options: what is the equilibrium price for this market?
Market structures determine the organization of markets, while equilibrium quantity and price reflect the balance between consumer demand and producer supply.
Market structuresI can give you a general explanation of market structures and how equilibrium price and quantity are determined.
Market Structure: Market structure refers to the characteristics and organization of a market, including the number of firms, entry barriers, product differentiation, and control over price.
Equilibrium Quantity: The equilibrium quantity is the quantity of a good or service that will be bought and sold in a market at equilibrium. It is the point where the quantity demanded by consumers equals the quantity supplied by producers.
Equilibrium Price: The equilibrium price is the price at which the quantity demanded equals the quantity supplied. It is the market-clearing price, where the intentions of buyers and sellers align. It is determined by the interaction of demand and supply in the market.
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when supply falls, what happens to quantity demanded in equilibrium? (this should get you to notice that both suppliers and demanders change their behavior when one curve shifts.) quantity demanded does not change. may change in either direction. falls. rises.
When supply falls, there is a shift in the supply curve to the left. This means that at the current price, suppliers are willing to supply less of the good or service.
In turn, this creates a shortage, as the quantity demanded by consumers exceeds the quantity supplied by producers. In order to reach a new equilibrium, the price must increase. As the price increases, quantity demanded falls and quantity supplied rises, until a new equilibrium point is reached where the quantity demanded and quantity supplied are equal.
Therefore, the quantity demanded in equilibrium may change in either direction, depending on the magnitude of the shift in the supply curve and the elasticity of demand.
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At the end of the first year of operations, 4,200 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows:
Direct materials $36.70 Direct labor 20.00 Fixed factory overhead 5.60 Variable factory overhead 4.90 Determine the cost of the finished goods inventory reported on the balance sheet under (a) the absorption costing concept and (b) the variable costing concept.
Absorption costing $
Variable costing $
a) the cost of the finished goods inventory under absorption costing concept is $282,240. b) the cost of the finished goods inventory under variable costing concept is $258,720.
To determine the cost of the finished goods inventory reported on the balance sheet under (a) absorption costing and (b) variable costing, we'll first calculate the total manufacturing cost per unit for both methods and then multiply it by the number of units remaining in inventory.
(a) Absorption costing includes direct materials, direct labor, and both fixed and variable factory overhead in the unit cost:
Unit cost (Absorption) = Direct materials + Direct labor + Fixed factory overhead + Variable factory overhead
Unit cost (Absorption) = $36.70 + $20.00 + $5.60 + $4.90
Unit cost (Absorption) = $67.20
Now, multiply the unit cost by the number of units remaining in inventory:
Finished goods inventory (Absorption) = Unit cost (Absorption) × Number of units
Finished goods inventory (Absorption) = $67.20 × 4,200
Finished goods inventory (Absorption) = $282,240
(b) Variable costing includes direct materials, direct labor, and variable factory overhead in the unit cost, but excludes fixed factory overhead:
Unit cost (Variable) = Direct materials + Direct labor + Variable factory overhead
Unit cost (Variable) = $36.70 + $20.00 + $4.90
Unit cost (Variable) = $61.60
Now, multiply the unit cost by the number of units remaining in inventory:
Finished goods inventory (Variable) = Unit cost (Variable) × Number of units
Finished goods inventory (Variable) = $61.60 × 4,200
Finished goods inventory (Variable) = $258,720
So, the cost of the finished goods inventory under absorption costing is $282,240, and under variable costing, it is $258,720.
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if lazer co. desires to lock in the maximum it would have to pay for its net payables in euros but wants to be able to capitalize if the euro depreciates substantially against the dollar by the time payment is to be made, the most appropriate hedge would bealso assume that a u.s. exporter denominates its new zealand exports in nz$ and expects to receive nz$600,000 in 1 year. you are a consultant for this firm.using the information above, what will be the approximate value of these exports in 1 year in u.s. dollars given that the firm executes a money market hedge?
The value of the exports would be $420,000 in 1 year.
How to determine the approximate value of the exports in 1 year in U.S. dollarsIf Lazer Co. wants to lock in the maximum it would have to pay for its net payables in euros but still wants to be able to capitalize if the euro depreciates substantially against the dollar by the time payment is to be made, the most appropriate hedge would be an option contract.
Specifically, Lazer Co. could purchase a call option on euros, which would give it the right but not the obligation to buy euros at a predetermined exchange rate (the strike price) on or before a predetermined date (the expiration date).
This would allow Lazer Co. to limit its potential losses if the euro appreciates, while still allowing it to benefit if the euro depreciates.
Assuming the current exchange rate is 1 NZD = 0.70 USD, the approximate value of the NZ$600,000 exports in 1 year in US dollars would be $420,000.
If the firm executes a money market hedge, it would involve borrowing USD and then converting it to NZD to invest in the New Zealand money market.
This would eliminate the foreign exchange risk and lock in the current exchange rate, ensuring that the value of the exports would be $420,000 in 1 year.
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Orange, Inc., a C Corporation for federal tax purposes, owns 82% of Citrus Corporation common stock, a C Corporation for federal tax purposes. This year, Orange generated $750,000 operating income (not including dividends). It also received $150,000 dividends from Citrus Corporation. Orange's taxable income is: O $750,000 $780,000 $870,000 $795,000
Orange's taxable income for federal tax purposes is $645,000.
The taxable income for Orange, Inc. can be calculated as follows:
Operating income of Orange, Inc. = $750,000
Dividend received from Citrus Corporation = $150,000
As Orange, Inc. owns 82% of Citrus Corporation common stock, it is eligible for a dividends received deduction (DRD) equal to 70% of the dividend received. Therefore, the DRD for Orange, Inc. would be:
DRD = 70% x $150,000 = $105,000
The taxable income for Orange, Inc. can be calculated as:
Taxable income = Operating income - DRD
Taxable income = $750,000 - $105,000
Taxable income = $645,000
Therefore, the taxable income for Orange, Inc. is . This calculation takes into account the operating income generated by Orange, Inc. and the dividend received from Citrus Corporation, as well as the DRD that Orange, Inc. is eligible for due to its ownership of Citrus Corporation common stock.
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Entrepreneurs have to provide themselves and their employees any __ they receive such as sick days or insurance.
Entrepreneurs have the responsibility to provide themselves and their employees with any benefits they receive, such as sick days or insurance.
It is essential to understand that benefits are crucial for employee retention and overall productivity in a company. However, the extent of benefits that entrepreneurs provide may vary depending on the size and nature of their business. While large corporations may offer extensive benefits packages to their employees, small business owners may only provide basic benefits due to financial constraints. Nevertheless, it is important to note that entrepreneurs who invest in their employees' well-being and provide benefits can create a positive work environment, boost employee morale, and increase job satisfaction. Ultimately, providing benefits can contribute to the success and longevity of a business.
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The Auxiliary seven digit Employee ID is not associated with a flotilla. The flotilla number 054-06-01...
A. Means Division 1, Flotilla 6, District 5 Southern Region.
B. Means District 5 Southern Region, Division 6, Flotilla 1.
C. Indicated the State, Group, and Flotilla.
D. Is no longer used.
Based on the information provided in the question, it is clear that the Auxiliary seven digit Employee ID is not associated with a flotilla. However, there is a flotilla number mentioned in the question - 054-06-01. This number is composed of three parts: Division, Flotilla, and District.
To determine what this number means, we need to understand how the Coast Guard Auxiliary organization is structured. The organization is divided into districts, which are further divided into divisions, and then into flotillas. Each flotilla is assigned a unique number that includes the Division, Flotilla, and District numbers.
Option A suggests that the number 054-06-01 means Division 1, Flotilla 6, District 5 Southern Region. This interpretation is incorrect because the order of the Division and Flotilla numbers is reversed.
Option B suggests that the number 054-06-01 means District 5 Southern Region, Division 6, Flotilla 1. This interpretation is also incorrect because the Flotilla and Division numbers are switched.
Option C suggests that the number indicates the State, Group, and Flotilla. However, this interpretation is not supported by the information provided in the question.
Option D suggests that the number is no longer used, but there is no evidence to support this claim.
In conclusion, the correct answer is neither A, B, C, nor D. We cannot determine what the number 054-06-01 means without additional information.
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unit information with bwip, fifo method jackson products produces a barbeque sauce using three departments: cooking, mixing, and bottling. in the cooking department, all materials are added at the beginning of the process. output is measured in ounces. the production data for july are as follows: production: units in process, july 1, 60% complete* 10,800 units completed and transferred out 86,000 units in process, july 31, 90% complete* 15,800 * with respect to conversion costs. required: question content area 1. prepare a physical flow schedule for july.
A physical flow schedule for July using the given production data and the FIFO method for the cooking department of Jackson Products: Total units- 112,600 units
To prepare a physical flow schedule for July for Jackson Products, which produces barbeque sauce using three departments (cooking, mixing, and bottling) and measures output in ounces, follow these steps:
1. Identify the beginning work in process (WIP) units: The WIP units on July 1 are 10,800, which are 60% complete with respect to conversion costs.
2. Determine the units completed and transferred out: During July, 86,000 units were completed and transferred out of the cooking department.
3. Calculate the ending WIP units: On July 31, there are 15,800 units still in process, which are 90% complete with respect to conversion costs.
4. Sum the total units to account for: Add the beginning WIP units, units completed and transferred out, and ending WIP units. The total is 10,800 + 86,000 + 15,800 = 112,600 units.
5. Create the physical flow schedule:
- Units to be accounted for:
- Beginning WIP (60% complete): 10,800 units
- Units started during July: (112,600 - 10,800) = 101,800 units
- Total units: 112,600 units
- Units accounted for as follows:
- Completed and transferred out: 86,000 units
- Ending WIP (90% complete): 15,800 units
- Total units: 112,600 units
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Complete question:
unit information with bwip, fifo method jackson products produces a barbeque sauce using three departments: cooking, mixing, and bottling. in the cooking department, all materials are added at the beginning of the process. output is measured in ounces. the production data for july are as follows: production:
units in process, july 1, 60% complete* 10,800 units completed and transferred out 86,000 units in process, july 31, 90% complete* 15,800 * with respect to conversion costs. required: question content area
prepare a physical flow schedule for july.
Fill out the table with what you know about clientele and audience of counseling
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Normal individuals make up the customers and audiences of counselling. They don't require medical or psychological assistance.The audience The clientele and audience are made up of individuals and groups of individuals.Persons seek out the services of different counselling professions. these people and organisations.Column 2:
They don't require medical or psychological assistance.They might be young people who are in need of direction.At crucial junctures in their development orAnybody who needs help realising a change in behaviour.Column 3: NEEDS ADDRESSED:
be sincere about therapeutic claimsview the client in an unwaveringly positive mannerhave compassion for the customer.express this viewpoint in a straightforward manner.Learn more about audience visit: brainly.com/question/29899972
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