Taxing a good whose demand is substantially less elastic enables the government to increase income while minimizing welfare losses.
In India, what are the taxes?Indirect taxes include price tax, service tax, value - added taxes, customs duty, etc. while direct taxes include income tax, capital gains tax, personal income tax, etc. Customs charge, regional vehicle tax, income tax, and sales taxes are just a few of the taxes that the Indian central government imposes.
How is income tax determined?How can I figure out my income tax? You must total up all streams of income taxes earned throughout a tax year in order to determine your income tax liability. The following action is figuring out your adjusted gross revenue (AGI). Once you've done that, deduct from your total any allowable deductions.
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Which of the following clarifies information presented in the financial statements, as well as expands upon it where additional detail is needed? a. Management discussion and analysis section b. Report on adequacy of internal control c. President's state of the company report d. Report on fairness of financial statements
The correct option a. Management discussion and analysis section, clarifies information contained in the financial accounts and, where necessary, expands upon it.
Explain about the Management discussion and analysis?Executives evaluate the performance of the company in the management discussion and analysis (MD&A) portion of the annual report or quarterly filing of the corporation.
A description of compliance, threats, and development prospects, such as objectives and new initiatives, might also be included in this part.The MD&A segment does not undergo auditing and presents management's viewpoints.Businesses frequently have used the MD&A segment to reassure investors about the viability of the company's future ambitions.The MD&A part, however, is less useful because management does not desire to disclose too many of its future intentions in a legally mandated document that is accessible to the public.Thus, Management discussion and analysis section, clarifies information contained in the financial accounts and, where necessary, expands upon it.
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under the doctrine of respondeat superior, an agent is liable for any harm caused to a principal by a third party. True or False?
Under the doctrine of respondeat superior, an agent is liable for any harm caused to a principal by a third party.----- False
What is the respondeat superior doctrine?
Under respondeat superior, an employer is responsible for any employee's careless actions or omissions while performing their duties . A finding of liability is not based on the employer's improper behavior because this is a purely dependent or vicarious theory of liability.
What are the principal and agent's obligations to third parties?Assuming the chief is limited by the demonstrations of his representative under the teaching of clear power or office of need, the chief is authoritatively obligated to the outsider. A disclosed principal might be responsible for money paid to his agent for doing business under his authority.
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exercise 3-1 (static) determining when to recognize revenue lo c1 for each of the following separate situations, determine how much revenue is recognized in december (using accrual basis accounting). on december 7, oklahoma city thunder sold a $90 ticket to a basketball game to be played in march. tesla sold and delivered a $58,000 car on december 25. the customer will not pay until february. deloitte signs a contract on december 1 to provide 40 days of advisory services with receipt of $10,000 due at the end of the contract. on december 31, 75% of the services have been completed.
Under accrual basis accounting, revenue is recognized when it is earned, not when it is received. Therefore, for each of the situations described in the question, we must determine when the revenue is earned in order to determine how much revenue is recognized in December.
1. Oklahoma City Thunder sold a $90 ticket to a basketball game to be played in March.
Since the game will not be played until March, the revenue is not earned in December and therefore no revenue is recognized in December.
2. Tesla sold and delivered a $58,000 car on December 25. The customer will not pay until February.
Since the car was delivered in December, the revenue is earned in December and therefore $58,000 of revenue is recognized in December.
3. Deloitte signs a contract on December 1 to provide 40 days of advisory services with receipt of $10,000 due at the end of the contract. On December 31, 75% of the services have been completed.
Since 75% of the services have been completed by December 31, 75% of the revenue is earned in December and therefore $7,500 of revenue is recognized in December.
In summary, the amount of revenue recognized in December for each situation is as follows:
1. Oklahoma City Thunder: $0
2. Tesla: $58,000
3. Deloitte: $7,500
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When deciding whether to tighten or loosen monetary policy, central banks weigh
the relative risks to price stability and growth. Mention two indicators that the MPC use
to gauge the risk to inflation and two indicators the MPC use to gauge the risk to
growth.
Answer:
Explanation:
To control economic growth and pull economies out of recessions, central banks employ monetary policy instruments.
Despite the fact that central banks can be beneficial, current short-term remedies may have unfavorable long-term effects.
Governments use fiscal policy as a tool to alter tax and expenditure rates in order to have an impact on the economy.
Politics and appeasing voters can influence fiscal policy, which can result in poor judgments that are not supported by facts or economic theory.
Government efforts may be hampered if monetary policy and fiscal policy are poorly coordinated.
Identify whether each of the following statements is true or false.
a. If inflation is expected to decrease in the future and the real rate is expected to. remain steady, then the Treasury yield curve is downward sloping. (Assume MRP = 0.) b. The default risk on Walmart's short-term debt will be higher than the default risk on its long-term debt. c. The yield curve for a BBB-rated corporate bond is expected to be above the U.S. Treasury bond yield curve. d. Yield curves of highly liquid assets will be lower than yield curves of relatively illiquid assets.
True: The Treasury yield curve slopes downward if future inflation is anticipated to decline and real interest rates are anticipated to remain stable. (Presume MRP is 0).
How much does the Treasury yield?The effective yearly interest rate, or "treasury yield," that the United States government pays on a certain debt obligation is given as a percentage. In other words, Treasury yield is the annual return that investors might anticipate from holding a specific maturity of U.S. government assets.
Treasury rates have an impact on investors' earnings from purchasing government bonds as well as how much the government has to pay to borrow money. Additionally, they affect the interest rates that individuals and companies pay on loans taken out to purchase property, automobiles, and equipment.
Treasury yields are another indicator of how investors view the outlook for the economy. Investor confidence in the economic outlook increases as long-term U.S. Treasury yields rise.
b. Untrue, The risk of Walmart defaulting on its short-term debt will be greater than the risk of its long-term debt.
c. True, A corporate bond with a BBB rating is anticipated to have a yield curve that is higher than the yield curve for US Treasury bonds.
d. It is true that yield curves for assets with high liquidity will be lower than those for assets with low liquidity.
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Fill in the blank: a _______ is a document that defines project goals and outlines what is needed to accomplish them.
a. project charter
b. risk analysis
c. cost-benefit analysis
d. project schedule
A project charter is a document that defines project goals and outlines what is needed to accomplish them.
What exactly is a project charter document?
While organizing a project, a project charter is a brief statement that outlines the main goals and advantages of the endeavor. It serves as a quick reference for the purposes of a project.
It serves as both a marketing tool and a reference point to keep the project on schedule. It is also helpful in gaining support from stakeholders.
How do project and team charters differ?
A team charter concentrates on a single team, its members, and how they will work together — frequently on numerous projects. A project charter outlines the specifications for a single undertaking that may include participants and materials from various organizations.
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What is the present equivalent of 18,000 to be received in 15 years when the interest rate is 7% per year?
Answer:
6524. 1.07^15 =2.759. 18000/2.759=6524. QED
Explanation:Hope this helped.
Answer:
$6524.
Explanation:
To find the present value (PV) equivalent of $18,000 to be received in 15 years at an annual interest rate of 7%, we can use the present value formula for a single future payment:
PV = FV / (1 + r)^n
where FV is the future value, r is the interest rate per period, and n is the number of periods.
Substituting the given values into the formula, we get:
PV = 18,000 / (1 + 0.07)^15
PV = 18,000 / 2.759
Simplifying this expression gives:
PV = 6524.10
Therefore, the present value equivalent of $18,000 to be received in 15 years at an annual interest rate of 7% is approximately $6524.
you and the buyer both realize that you overcharged for the yard work she did but did not rectify it; now she seeks to enforce a different payment amount in small claims court. this attempt will probably not be enforceable if you plead the defense of uncon
False, this attempt will probably not be enforceable if you plead the defense of unconscionability.
What is the defense of unconscionability?
A defense against the enforcement of a contract or portion of a contract. However, a court may find it unconscionable and refuse to apply it, If a contract is illegal or rough to one party in a way that suggests abuses during its conformation. Unconscionable is an adjective that means without a heart; unconscionable; so illegal or unjust that it shocks the heart.
The adjective is constantly used in the environment of contract law for contracts that have grossly rough and illegal terms. When a court finds a contract unconscionable, it's unenforceable. Two general types of potentially unconscionable vittles are explicatory clauses and disclaimers of limitations of bond liability. Explicatory clauses are clauses that release a party from liability for injuries that he causes.
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Suppose policymakers are considering a particular action in the market for heroin that would reduce consumer surplus. They may choose not to care about consumer surplus because
A. willingness to pay does not ever reflect economic well-being.
B. they do not respect consumers' preferences in any market.
C. they do not respect the preferences that drive buyer behavior for that good.
D. consumers are not the best judges of how much benefit they receive from the goods they buy.
They may choose not to care about consumer surplus because they don't pay attention to the preferences of buyers who are influenced by that product.
Option C is correct .
What would pique the interest of policymakers in consumer surplus?Managers can use consumer surplus to determine whether a product they are selling will be purchased. The goods will not be purchased by those whose willingness to pay is less than the price.
Consumer surplus :When consumers pay a price that is lower than what they are willing to pay for a product or service, this is known as a consumer surplus. It is a measure of the additional benefit consumers receive when they pay less than they were willing to pay for something.
What exactly are producer surplus and consumer surplus?The difference between what a consumer is willing to pay for a product and what they paid for it is referred to as the consumer surplus. The difference between the market price and the lowest price a producer is willing to pay to produce a good is called the producer surplus.
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suppose that the treasury bond futures price is 101-12. which of the following four bonds is cheapest to deliver?
We can see here the bond among the four bonds that is the cheapest to deliver is: Bond 4.
What is treasury bond?A Treasury bond, also known as a T-bond, is a long-term debt security issued by the U.S. Department of the Treasury to finance government spending.
Treasury bonds are considered one of the safest investments because they are backed by the full faith and credit of the U.S. government, and are considered to have very low risk of default.
Thus, we here that in order to find the cheapest bond to deliver, first there is need to convert the quoted price of the bond in the actual terms so that there delivery cost can be calculated:
Bond 1 Price = 125-05
P1 = 125, n1 = 05
Bond 2 Price = 142-15
P2 = 142, n2 = 15
Bond 3 Price = 115-31
P3 = 115, n3 = 31
Bond 4 Price = 144-02
P4 = 144, n4 = 02
Future Price 101-12
P5 = 101, n5 = 12.
Price of bond 1 = P1 + n1/32 = 125 + 5/32 = 125.15625.
Price of bond 2 = P2+ n2/32 = 142 + 15/32 = 142.46875
Price of bond 3 = P3 + n3/32 = 115 + 31/32 = 115.96875
Price of bond 4 = P4 + n4/32 = 144 + 2/32 = 144.0625
Suppose that the Treasury bond futures price is 101-12. Which of the following four bonds is cheapest to deliver and what is the cash price you would receive for it if you deliver it on September 14th, 2013?
Bond Price & Coupon Conversion Factor
1. (matures Jan 1st 2029) 125-05 & 10.8% 1.2131
2 (matures March 12th 2031) 142-15 & 12.5% 1.3792
3 (matures July 20th 2032) 115-31 & 9.65% 1.1149
4 (matures October 23rd 2035) 144-02 & 12.3% 1.4026
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common methods used by bond issuers to induce bond holders to convert their bonds to common stock are (select all that apply.)
Answer:
Explanation:
Common methods used by bond issuers to induce bond holders to convert their bonds to common stock are (Select all that apply.)
Multiple select question.
Answers are:
favorable conversion ratios
additional cash
stock warrants
Like many financial decisions, when making a housing decision, you should consider what you give up in time, ___ and money as a result of the decision.
O effortO easierO walk-throughO home default
Answer:
effort
Explanation:
Gains from Trade - End of Chapter Problem Large airlines sometimes engage in fuel hedging as a way to avoid wild changes in jet fuel prices. To fuel hedge, an airline purchases a futures contract from an oil company that states they will purchase a set quantity of jet fuel at a specific price in the future regardless of what the actual market price is in the future. a. The value of the hedge will when the price of jet fuel is higher. This is because there is more benefit for a company to protect from by locking in a low price now if the expectation is that jet fuel will be in the future. b. Southwest Airlines is known for its long-term hedging strategy that has allowed it to remain profitable even in the toughest times. The company was able to shield itself from higher fuel prices by purchasing fuel hedges even when prices were expected to be in the future. When jet fuel prices were actually much higher, the hedging kept their low and helped keep Southwest profitable.
a. The value of the hedge will increase when the price of jet fuel is higher because the airline has locked in a lower price through the futures contract. By purchasing the futures contract at a lower price, the airline can avoid paying the higher market price in the future, which can save them money and increase their profits.
For example, if an airline purchases a futures contract for jet fuel at $2.00 per gallon and the market price of jet fuel increases to $3.00 per gallon, the airline can still purchase the jet fuel at the lower price of $2.00 per gallon, which saves them money and increases their profits.What is the contract about?In terms of b. Southwest Airlines' long-term hedging strategy allowed the company to remain profitable even in tough times, as it shielded them from higher fuel prices. By purchasing fuel hedges when prices were expected to be low in the future, the company was able to lock in lower prices for fuel and avoid paying the higher market prices.
Therefore, When jet fuel prices were actually much higher than expected, the hedging kept Southwest's fuel costs low, which helped keep the company profitable. This demonstrates the benefits of a sound hedging strategy, which can protect a company from volatile market prices and help ensure its profitability in the long term.
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the human development index is a composite of three basic measures of human welfare. which of the following is not a component of the human development index?a. per capita income b. life expectacy rate c. literacy rate d. poverty rate
The Human Development Index (HDI) does not include a component for the percentage of infants with low weight.
What is HDI ?HDI comprises per capita GDP, educational attainment, and life expectancy at birth rate. Thus skip option (d) and select the right response.
A long and healthy life, access to information, and a reasonable level of living are the three main elements of human development that are captured by the Human Development Index (HDI).
The four elements that make up the Human Development Index (HDI)—mean years of schooling, expected years of schooling, life expectancy at birth, and gross national income (GNI) per capita—measure each nation's social and economic growth.
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What are the determinants of demand?Instructions: You may select more than one answer.Click the box with a check mark for correct answers and click to empty the box for the wrong answers.a. Incomeb. Price of related goodsc. A good's own priced. Technologye. Tastes and preferencesf. Resource pricesg. Number of consumers
The correct answers are Income, Price of related goods, A good's own price, Tastes and preferences, and Resource prices.
What is Income?Income is the money that is earned from sources such as employment, business, investments, and government benefits. It is the total amount of money that is received regularly, often on a monthly or yearly basis, in exchange for providing goods, services, or labor. To calculate income, all sources of income are added together and then any deductions and taxes are subtracted. Income is also known as gross income or taxable income because it is subject to taxation. Income is important because it is used to determine an individual’s eligibility for certain benefits and services, as well as their ability to pay for housing, food, and other essentials.
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Effective texting during workplace meetings includes which of the following?
prompting team members about topics to cover
asking for information from colleagues or clients outside the meeting
Texting team members during meetings at work might be effective if you suggest topics in advance in workplace.
What is workplace?A workplace, also known as a place of employment, is a place where employees carry out duties, jobs, and projects on behalf of their employer. Workplaces can be found outside or within buildings and vary by industry. Some people may work in different locations on different days, and workplaces might be mobile. An example of your workplace is the office where you go to work each day to perform your duties. The primary point of contact between a workflow system user and an end user is the business workplace. All missed deadline work items and dialogue work items for which the end user is a designated recipient are stored in their respective Workflow inboxes. Example. You are in charge of approving leave requests as the department head.
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Metlock Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022 1 Purchased a 1-year insurance policy on June 1 for $1,620 cash. Paid $5,850 on August 31 for 5 months rent in advance. On September 4, received $3.240 cash in advance from a corporation to sponsor a game each month for a total of 9 months for the most improved students at a local school. Signed a contract for cleaning services starting December 1 for $900 per month. Paid for the first 2 months on November 30. (Hint: Use the account Prepaid Cleaning to record prepayments. On December 5, received $1,350 in advance from a gaming club. Determined that on December 31, 5430 of these games had not yet been played 4. 5 For each of the above transactions, prepare the journal entry to record the initial transaction (if no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) For each of the above transactions, prepare the journal entry to record the initial transaction. Of no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) No. Date Account Titles and Explanation Debit 2. 2 3 5. For each of the above transactions, prepare the adjusting journal entry that is required on December 31. (Hint: Use the account Service Revenue for item 3 and Maintenance and Repairs Expense for item 4. (Round answers to decimal places, eg. 5,275. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Debit Credit No. Date Account Titles and Explanation Dec. 1 31 2022 2. Dec. 31, 2022 3. Dec 31, 2022 4 Dec 31, 2022 Post the journal entries in parts (a) and (b) to T-accounts and determine the final balance in each account balance. (Note: Posting to the Cash account is not required.) (Round answers to decimal places, eg. 5,275. Post entries in the order displayed in the problem statement) Prepaid Insurance Prepaid Rent Unearned Service Revenue
According to the data of Met lock Games Inc., the journal entry on Jun 01., Prepaid insurance (Dr.) and Cash (Cr.) is $ 1620.
What do you mean by prepaid insurance?The term "prepaid insurance" describes insurance premiums that are paid up front. A premium is a recurring payment made on a regular basis to a provider in exchange for receiving insurance benefits.
Prepaid insurance is insurance for which premiums are paid up front to insurers.Because it is not used, insurance companies report prepaid insurance as current assets on their balance sheets.As soon as the insurance coverage kicks in, it becomes an expense rather than an asset.Therefore, by the given data of Met lock Games Inc., the journal entry on Jun 01., Prepaid insurance (Dr.) and Cash (Cr.) is $ 1620.
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The complete solution is attached:
frisco company's merchandise inventory account at year-end has a balance of $62,115, but a physical count reveals that only $61,900 of inventory exists. the adjusting entry to record this $215 of inventory shrinkage is: multiple choice account title debit credit merchandise inventory 215 inventory shrinkage expense 215 account title debit credit purchases discounts 215 cost of goods sold 215 account title debit credit cost of goods sold 215 purchases discounts 215 account title debit credit inventory shrinkage expense 215 cost of goods sold 215 account title debit credit cost of goods sold 215 merchandise inventory 215
Debit Cost of Goods sold by $215 and credit Merchandise Inventory by $215. Option (d) is correct.
What is Merchandise?Any item you can sell or buy is referred to as merchandise. The term “merchandise” refers to any good that is offered for sale; some examples are groceries at a supermarket, clothing in a retail setting, electronics online, and raw materials in a manufacturing facility.
A diminishing asset account is merchandise inventory. You expect to get full payment for the sale after the discount period, and you do. Within the discount period, you receive the decreased payment for the sale that you had anticipated. The asset account for cash is growing.
Therefore, Option (d) is correct.
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louis guzman invested $10,000 into his company. this transaction would be recorded by the company with which of the following entries?
The transaction of Louis Guzman invested $10,000 into his company. will be recorded by:-
Cash Account $10,000
To Capital Account $10,000
What is a transaction?A completed agreement between a buyer and a seller to exchange goods, services, or financial assets in exchange for money is referred to as a transaction. Depending on whether a company uses accrual or cash accounting, a transaction may be recorded sooner or later.
The transaction would be recorded by the company by debiting the Cash Account for $10,000 and crediting to Louis Guzman's Capital Account t for $10,000.
Therefore, the above entry will be used to record the transaction.
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If cotton is used to produce towels, an increase in the price of cotton will result in which of the following changes in the towel market?
(A) A decrease in the demand for towels, which leads to a shortage of towels followed by an upward pressure on the price of towels
(B) A decrease in the demand for towels, which leads to a surplus of towels followed by a downward pressure on the price of towels
(C) a decrease in the supply of towels, which leads to a shortage of towels followed by upward pressure on the price of towels
(D) an increase in the supply of towels, which leads to a surplus of towels followed by downward pressure on the price of towels
(E) an increase in both the demand and supply of towels, which leads to a surplus of towels followed by upward pressure on the price of towels
The correct answer is (C) a decrease in the supply of towels, which leads to a shortage of towels followed by upward pressure on the price of towels.
What kind of fabric are towels?
The majority of towels are made of cotton, although they have also been fashioned from silk, synthetic materials, nettle, and wood. Cotton is a common fallback because, after processing, it is hydrophilic.
A reduction in towel supply causes a scarcity of towels and subsequent pressure on prices.
Therefore, Towels that are the nicest, smoothest, and most absorbent are made from premium Turkish and Egyptian cotton.
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The right response is (C) a reduction in towel supply that causes a shortage in towels and subsequent pricing pressure.
How does pressure work?Pressure is the term for the pressure exerted on the an unit of area of a surface. It operates opposite to the surface being applied pressure on. • Pressure is a force and the space it affects.
Describe a force?An object is going to be at rest or in motion as a result of forces. Think of a football lying still on the ground as an illustration. You must exert some force on the ball in order to move it in any direction
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The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost.
Inventories Beginning of period End of Period
Raw materials $ 39,000 $ 44,000
Work in process 10,000 19,100
Finished goods 53,000 34,800
Cost incurred for the period
Raw materials purchases $ 195,000
Factory payroll 250,000
Factory overhead (actual) Indirect materials used 11,000
Indirect labor used 57,500
Other overhead costs 95,000
1. Direct labor used (recorded as factory wages payable).
2. Indirect labor used (recorded as factory wages payable).
Prepare journal entries for the above transactions for the period.
Calculation of Direct Labor Used:
Direct labor cost = Factory payroll - Indirect labor used
Direct labor cost = $250,000 - $57,500
Direct labor cost = $192,500
What will be Journal Entries ?Journal Entry:
Work in Process Inventory $192,500
Factory Wages Payable $192,500
Recording of Indirect Labor Used:
Journal Entry:
Factory Overhead $68,500
Factory Wages Payable $68,500
Calculation of Factory Overhead:
Direct Labor Cost = $192,500
Predetermined Overhead Rate = 55% of Direct Labor Cost
Factory Overhead Applied = Direct Labor Cost x Predetermined Overhead Rate
Factory Overhead Applied = $192,500 x 55%
Factory Overhead Applied = $105,875
Underapplied Overhead = Actual Overhead - Factory Overhead Applied
Underapplied Overhead = $95,000 - $105,875
Underapplied Overhead = ($10,875)
Note: Since there is underapplied overhead, it will be closed to Cost of Goods Sold at the end of the period.
Recording of Raw Materials Purchases:
Journal Entry:
Raw Materials Inventory $195,000
Accounts Payable $195,000
Recording of Other Overhead Costs:
Journal Entry:
Factory Overhead $95,000
Accounts Payable $95,000
Transfer of Costs from Raw Materials to Work in Process:
Journal Entry:
Work in Process Inventory $44,000
Raw Materials Inventory $39,000
Raw Materials Inventory $44,000 - $39,000 = $5,000
Transfer of Costs from Work in Process to Finished Goods:
Journal Entry:
Finished Goods Inventory $19,100
Work in Process Inventory $19,100
Transfer of Costs from Finished Goods to Cost of Goods Sold:
Journal Entry:
Cost of Goods Sold $53,000
Finished Goods Inventory $53,000
Closing of Underapplied Overhead to Cost of Goods Sold:
Journal Entry:
Cost of Goods Sold $10,875
Factory Overhead $10,875
Note: Underapplied overhead is closed to Cost of Goods Sold at the end of the period
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This improvement was key in both the division of time zones as well as improving sales in such brands as Ivory soap and Quaker Oats.A. the installation of telephone B. poles telegraph lines C. standard gauge for railroads D. invention of the television set
This improvement was key in both the division of time zones as well as improving sales in such brands as Ivory soap and Quaker Oats -- standard gauge for railroads.
Option C is correct.
Which factor was the most significant catalyst for the establishment of standardized time zones initially?Problems with transporting passengers and cargo over the thousands of miles of rail line that covered North America by the 1880s were directly responsible for the need for continental time zones. When humans first started keeping track of time, they set their clocks to follow the sun's local movement.
Why is standard time necessary, and what are the purposes of time zones?The rotation of the Earth led to the formation of time zones. The Earth is illuminated by the sun, but only in part. Time zones maintain logical order and regulate day and night because the sun cannot rise simultaneously in all parts of the world.
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The Expense form is used to record expenses that we pay for at the time we receive the product or service in which of the following ways?
A. Cash
B. Check
C. Credit Card
D. All of the choices are correct.
The correct option for this question is D. All of the choices are correct.
Why it is and what is a credit card?
The Expense form can be used to record expenses that are paid in cash, by check, or by credit card, at the time when the product or service is received.
The form provides a way to keep track of these expenses for accounting purposes and to ensure that they are properly documented and accounted for in financial records.
A credit card is a plastic card that allows the cardholder to borrow funds from a financial institution, typically a bank, to make purchases or pay for services.
When a purchase is made using a credit card, the cardholder is essentially taking out a loan from the financial institution, which must be repaid with interest according to the terms of the card agreement.
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next year, oak industries expects to spend a total of 204,400 machine hours producing five different products, while maple industries expects to spend a total of 212,600 machine hours producing six different products. both firms allocate overhead on the basis of machine hours. if oak anticipates a total overhead of $449,680 and maple anticipates a total overhead of $467,720, then
Both Oak industries and Maple Industries will have same pre-determined overhead rate and both the firms allocate overhead on the basis of machine hours.
What is pre-determined overhead rate?A predetermined overhead rate is the rate at which manufacturing overhead is applied to work-in-process inventory. Before the period begins, the predetermined overhead rate is calculated.
The pre-determined overhead rate is calculated as follows:-
Predetermined overhead rate = Estimated overhead/Estimated machine hours
Oak industries
= 449,680/204,400
= 2.20 per machine hour
Maple industries
= 467,720/212,600
= 2.20 per machine hour
Therefore, both the firms will have same pre-determined overhead rate.
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Which president founded the SEC?
Answer:
Franklin D. Roosevelt
Explanation:
Franklin Delano Roosevelt founded the SEC on June 6, 1934
100 POINTS HELP Which account will not appear on a post closing trial balance?
A. accounts payable
B. cash
C. revenue
D. accounts receivable
Say that bianca has take-home pay of $800, she budgets every cent out at the start of the month, and she then she needs less gas money than expected in august. She no longer spends the full $65 she budgeted there. What should she do with the leftover?.
The leftover amount in any budget is better to invest than to save as investment gives higher returns.
What it means to invest is to make a current financial commitment in the hopes of future growth. The use of capital—such as time, money, effort, etc.—with the hope of receiving a return higher interest than the initial investment is known as investing. Due to their utility in producing future income, bonds, equities, real estate, and alternative assets are all regarded as investments. The market rate of interest has a significant influence on the decisions that manufacturers make on investments, including whether to purchase new machinery. But, for the sake of simplicity, we assume that enterprises intend to invest the same sum each year.
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Which one of the following is NOT an effective approach to cost-cutting that will aid company efforts to achieve a competitive advantage based on lower overall costs per pair sold than rival companies? A. Pursuing actions in each production facility that result in low labor costs per unit produced- ideally, the company's labor costs per pair produced in those geographic regions where it has production facilities should be at or very close to the industry-low in the benchmarks on p. of the FIR B. Producing 500 models/styles at each production facility so as to spread production run setup costs out over more models/styles and more branded pairs sold C. Striving to keep expenditures for search engine advertising and branded advertising to amounts that are below the industry-average in each region D. Producing branded footwear with an S/Q rating that is 1 to 2.5 stars below the regional averages (the company's regional S/Q ratings could be even lower if competition permits and/or if several rivals have S/Q ratings further below these averages) E. Building and operating production facilities in all four geographic regions so as to minimize or completely eliminate shipments of newly-manufactured pairs to distribution centers in a different geographic region
Paying manufacturing personnel is the simplest and only way for a business to acquire labor rates per pair produced that are below the enterprise average.
What are a corporation's key benefits?By creating a corporation, you can: Protect your assets. The fact that owners of businesses often have llcs and are not held personally liable for commercial debts is one of their key advantages. This implies that your home or vehicle cannot be used as collateral to satisfy business debts.
What qualities make a company?An organization called a corporation is one whose shareholders choose a board of managers to manage its operations. The corporation is responsible for the business's operations and financial condition.
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The _____ is a way for organizations to improve the collection and communication of financial and operating information.
Performance dashboard
Financial bottom-line
Holistic perspective
Performance perspective
By utilizing the (A) performance dashboard, organizations can improve the collection and presentation of financial and operational data.
What is a performance dashboard?Performance dashboards are popular management tools that are used to evaluate performance and give businesspeople the ability to measure, monitor, and control the crucial tasks and procedures required to meet organizational objectives.
Organizations can enhance the gathering and dissemination of financial and operational data by using the performance dashboard.
This kind of dashboard often includes crucial data regarding each employee's daily and weekly performance, such as the quantity and quality of jobs they've performed.
This data is used by managers to assess a worker's performance in relation to several KPIs.
A performance management system is actually just a performance dashboard.
It enables entrepreneurs to measure, monitor, and manage the crucial processes and activities required to accomplish their objectives in addition to communicating strategic objectives.
Therefore, by utilizing the (A) performance dashboard, organizations can improve the collection and presentation of financial and operational data.
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Complete question:
The _____ is a way for organizations to improve the collection and communication of financial and operating information.
A. Performance dashboard
B. Financial bottom-line
C. Holistic perspective
D. Performance perspective
Which of the following items would be considered an input in the operations of a soft drink manufacturer? a) brand image b) bottling machines
Empty bottles would be considered an input in the operations of a soft drink manufacturer.
What is input in business?
A team or organisation uses inputs to carry out the activities, actions, and resources necessary to accomplish a certain goal or target. These are factors that businesses may influence, and business executives may believe that their capacity to recognise and apply the optimal inputs results in the production of their desired results. This means that an organization's inputs may be able to directly impact its outcomes, and knowing which inputs to install, modify, or concentrate on may help a firm gain a competitive edge over other companies in its market.
Contributions guarantee that an organization's final objectives are reachable and that the essential actions are taken to accomplish them. A few examples of inputs include office space, outside workers, or computer gear or software.
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