Answer:
the depletion would be recorded is $1,575,000
Explanation:
The computation of the depletion would be recorded is shown below;
Cost of land $5,000,000
Investment on land $1,100,0000
Less: Residual value -$250,000
Depreciable value $15,750,000
Now the depletion should be
= ($15,750,000 ÷ 500,000) × 50,000
= $1,575,000
Hence, the depletion would be recorded is $1,575,000
Within his company, Vernon has set up a system with inputs, outputs, transformation processes, and feedback. He utilizes a management style that varies according to the individual and environmental situation, with a strategy for minimizing errors by managing each stage of production. Vernon is utilizing a ________ perspective. Group of answer choices
Answer:
contemporary
Explanation:
Since in the question it is mentioned that the vernon has set up the system having an input, output, etc also the management style should be changed as per the individual & environmental situation so here he applied the contemporary perspective for minimizing the errors so that the wastage could be reduced and helps in attaining the objectives in an efficient manner
When the production process is complete in process costing, the completed goods and the accumulated costs are transferred across departments using a journal entry that includes the following: multiple choice A debit to the Finished Goods Inventory account and a credit to the Work in Process account for the first department in the series of processes. A debit to the Finished Goods Inventory account and a credit to the Work in Process account for the final department in the series of processes. A debit to the Work in Process Inventory account for the first department in the series of processes and a credit to the Finished Goods Inventory account. A debit to the Work in Process Inventory account for the final department in the series of processes and a credit to the Finished Goods Inventory account.
Answer:
A debit to the Finished Goods Inventory account and a credit to the Work in Process account for the final department in the series of process
Explanation:
In the case when the process related to the production is finished so the completed goods and accumulated profits could be transferred
So, the following should be the journal entry
Finished goods inventory XXXXX
To Work in Process Inventory - Final dept XXXXX
(Being the production process is completed recorded)
Here the finished goods is debited as it increased the assets and credited the work in process as it decreased the assets
what do you mean by high and middle level profession.
medium level profession can be defined as some one who has moved past entry level but isn't nearing the end . whereas high level profession means a person has moved past entry level and also has reached the end
During the listing presentation, it would be appropriate for broker Ted to present the statutory written statement regarding brokerage services. Ted should also caution the sellers that until they definitely decide to list with him, they should not reveal information that may later hurt their negotiation position with a buyer because Ted might later be required to reveal that information should he be dealing with a buyer-client. What else should Ted discuss with the sellers during the listing presentation
Answer: a. The listing agreement they will use
b) Ted's office policy regarding intermediary brokerage
c) Ted's office policy regarding commission splits with "other" brokers
Explanation:
Apart from the fact that the statutory written statement regarding the brokerage services will be presented, it is appropriate for Ted to discuss the following with the sellers.
• The listing agreement they will use
• Ted's office policy regarding intermediary brokerage
• Ted's office policy regarding commission splits with "other" brokers.
These are needed to ensure that both the sellers and the buyer understands each other's stand and the agreement that are in place to ensure a smooth transaction.
If the firm finances investment spending out of retained earnings, then the interest rate is: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices the equivalent of income plus transfers minus taxes. the ratio of the total change in real gross domestic product (GDP) caused by an autonomous change in aggregate spending to the size of that autonomous change. the opportunity cost of using those funds for a particular investment project. irrelevant.
Answer: the opportunity cost of using those funds for a particular investment project.
Explanation:
Financing investment from the retained earnings of a company might seem like a costless method of sourcing funds but there is a cost that needs to be accounted for. This is the opportunity cost of not using those retained earnings for something else.
For instance, if Parrain Inc. decided to expand using retained earnings when they could have invested in a project that gave a return of 12% per year, the interest rate for the expansion is that 12% they could have earned from the other project.
According to Olivier Blanchard, Europeans are more likely to use increases in real wages resulting from technological progress to increase ______, and Americans are more likely to use these increases in real wages to increase ______. unemployment insurance benefits; efficiency wages hours of leisure; consumption of goods and services hours of work; hours of leisure consumption of goods and services; hours of leisure
Answer: hours of leisure consumption of goods and services;
Explanation:
Real wage is the wage that has been adjusted as a result od inflation.
Based on the information given, according to Olivier Blanchard, Europeans are more likely to use increases in real wages resulting from technological progress to increase (hours of leisure) and Americans are more likely to use these increases in real wages to increase the (consumption of goods and services).
Claude is a single father with 2 children. He can work as a stock clerk at Supermaxi store for $8 per hour up to 1,500 hours per year. He is eligible for welfare, and if he does not earn any income, he will receive $15,000 a year. If Tim works, the government policy is to deduct 70 cents from his welfare stipend for every $1 that he earns in income. This government policy provides a monetary incentive to work, because Group of answer choices
Answer: D. Tim’s income level increases the more he works.
Explanation:
Tim's income for the year = Salary from working + Welfare
Lets say Tim works 200 hours in a year.
His salary will be:
= 8 * 200 hours
= $1,600
Welfare:
70 cents off for every $1 so the amount they will deduct from Welfare is:
= 0.7 * 1,600
= $1,120
They will deduct this amount from the welfare of $15,000 and give Tim the rest.
Total income = 1,600 + (15,000 - 1,120)
= $15,480
Lets say Tim works 500 hours a year.
Salary is:
= 500 * 8
= $4,000
Amount to be deducted for welfare:
= 0.7 * 4,000
= $2,800
Total income:
= 4,000 + (15,000 - 4,000)
= $16,200
Notice how the income goes up as Tim works more. This policy therefore provides a monetary incentive to work harder.
Data from Estrin Corporation's most recent balance sheet and income statement appear below: This Year Last Year Accounts receivable $ 109,000 $ 106,000 Inventory $ 139,000 $ 158,000 Sales on account $ 787,000 Cost of goods sold $ 501,000 The average sale period for this year is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice 45 days 50 days 101 days 108 days
Answer:
d. 108 days
Explanation:
Average Inventory = (Beginning balance + Ending balance) / 2
Average Inventory = ($139,000 + $158,000) / 2
Average Inventory = $297,000 / 2
Average Inventory = $148,500
Inventory Turnover ratio = Cost of goods sold / Average Inventory
Inventory Turnover ratio = $501,000 / $148,500
Inventory Turnover ratio = 3.37 times
Average days to sell inventory = Days in a year / Inventory Turnover ratio
Average days to sell inventory = 365 days / 3.37 times
Average days to sell inventory = 108.31 days
which term is used when businesses do not maximise output from given inputs ?
Answer:
What Is Efficiency? Efficiency signifies a peak level of performance that uses the least amount of inputs to achieve the highest amount of output.
Chris laughed at some of the cultural mistakes companies made in advertising and promotion in international trade while he was in school. Now he was trying to determine what had gone wrong with the campaign he had planned in Latin America for his company's product, and it didn't seem quite as amusing. He narrowed the issues to sociocultural factors. He was looking at both __________ and __________. Group of answer choices
Answer:
He was looking at both visible artifacts and underlying values.
Explanation:
Visible artifacts are organizations attitude and behavior towards surroundings. Chris has identified some of the mistakes made in advertising by a company. He was trying to determine the issue with the marketing team of the company and he concluded the main reason to be sociocultural factor.
When choosing a distraction channel, the impact it has on an offering's costs can significantly affect the Of the offering and how much consumers are willing to pay for it
Hi, you've asked an incomplete question. However, I provided some explanations on distribution channels.
Explanation:
Interestingly, the term distribution channel is one often used in businesses today to refer to the various routes or intermediaries their goods or services passes through before it gets to the end-user or buyer.
Today the popular distribution channels among businesses include:
retailers,wholesalers,distributors, the Internet.Among the various options, the internet has been attributed by some big businesses to be most instrumental in their distribution process.
An agency problem can occur when A. it is difficult or expensive for the owners to verify what the agent is actually doing. B. the owners and agents have different attitudes toward risk. C. the desires and objectives of the owners and agents conflict. D. executives do not select risky strategies because they fear losing their jobs if the strategy fails. E. all of the above.
Answer:
The answer is E.
Explanation:
In a public company, the directors are the agents of the company while the shareholders are the principals(owners) of the company. Because most times, shareholders doesn't have the needed skills and experience to run businesses, they employ director/management (agent) to run their businesses. Most times there is conflict of interest, for example, the managers might prefer a risky business while the shareholders might prefer less risky, this type of scenario creates agency problem.
Agency problem (principal-agent problem) is a conflict of interest that happens when the directors (agent) don't fully represent the best interest of the shareholders (principal)
So all the options in the question represents agency problem.
Ilus
What are the gross sales?
Income Statement
For the Year Ended August 31, 2012
Revenues
Student Lessons
$29,520.00
Recital Sales
15,900.00
Total Revenues:
45,420.00
Expenses
Costumes and Accessories
Building Maintenance
Total Expenses:
16,700.00
11,320.00
28,020.00
*Call numbers in 000s)
The gross sales are the total amount of revenue earned before deducting any expenses. In this case, the gross sales are $45,420.00, which is the total of the revenues earned from student lessons and recital sales.
Gross sales are the total amount of revenue generated from the sale of goods or services before any deductions are made for discounts, returns, or allowances. It represents the overall performance of a business and is an important metric for measuring growth and profitability. Gross sales are usually reported on the income statement, along with the cost of goods sold and other expenses, to calculate net income or loss.
Therefore, the gross sales are $45,420.00, which is the total of the revenues earned from student lessons and recital sales.
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Which of the factors of industrialization does Baines cite in the reading? Check all that apply water power to run machines rivers for transportation of goods a growing population to work in factories natural resources for production natural resources for production wealthy people to invest in manufacturing
Answer: • Water power to run machines
• rivers for transportation of goods
• natural resources for production
Explanation:
Industrialization is when am economy moves from the agricultural sector to the industrial sector.
The factors of industrialization does Baines cite in the reading include:
• Water power to run machines
• rivers for transportation of goods
• natural resources for production
The factors affecting industrialization are water power to run machines, rivers for transportation of goods, and natural resources for production.
The industrialization process promotes the expansion of industries, businesses, and corporations in the economy. Here, water energies are utilized by industries for facilitating production activities, operating machinery, and cleaning purposes.
Similarly, rivers are also a major transportation mode for the transition of goods and raw materials that gives a boost to the production facilities of the business.
Finally, natural resources are the basis for raw materials for the industries depending on which further production processes are performed.
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Choosing a home can be a very personal matter. Some people care most about the location, while others are most concerned about the size, style, and amenities. What are your top priorities in choosing a home? What do you feel is unimportant in a home? Based on your priorities, what type of house do you think you'd be likely to buy?
Answer:
1:if i have enough money for the purchase.
2:if it suits my personal attributes.
The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $ 45,000 Sale of long-term investment $ 24,000 Dividends received on long-term investments $ 9,000 Paid off bonds payable $ 12,000 Depreciation expense $ 32,000 Based on the above information, the net cash provided by (used in) investing activities for the year on the statement of cash flows would be: Multiple Choice $(32,000) $(69,000) $(12,000) $(21,000)
Answer:
$(21,000)
Explanation:
The computation of the net cash provided by (used in) investing activities is shown below:
Cash flows from investing activties
purchase of plant and Equipment = -$45,000
Sale of long term investment $24,000
net cash used by investing activities - $21,000
Hence, the last option is correct
Work-in-Process Inventory for Wendall Productions has a balance of $2,600 at the end of the accounting period. The cost summaries for the uncompleted jobs showed direct materials of $1,200 and direct labor of $800. Wendall applies manufacturing overhead on the basis of direct labor cost. The company's predetermined overhead rate is:
A. $1.00 per direct labor dollar
B. $0.65 per direct labor dollar
C. $0.50 per direct labor dollar
D. $0.75 per direct labor dollar
Answer:
D. $0.75 per direct labor dollar
Explanation:
Total work in process = $2,600
- Direct materials cost = ($1,200)
- Direct labor cost = ($800)
Manufacturing overhead = $600
Predetermined overhead cost = total overhead cost / total direct labor costs = $600 / $800 = $0.75 per direct labor dollar
What are variables used by Honda to segment the market? Why do they use those variables to segment?
Answer and Explanation:
Honda market segmentation is based mainly on three market segmentation factors: demographics, behavioural factors, and psychographic factors. Demographic factors include: income/household income, age, family size etc. Behavioural factors include: purchasing behaviour, buying patterns etc. Psychographic factors include: psychological traits that affect a person's consumption habits, e.g- people that attach prestige to cars, people that prefer expensive cars etc.
Honda makes use of these segments in understanding their market, thereby grouping it's consumers into various segments which share same buying patterns, motivations, interests, or habits. For instance, Honda's market is mostly focused at individuals who do not want pricey cars; cars that are affordable and at the same time durable. This market is mostly made up of middle income individuals, therefore Honda would group these consumers accordingly.
The Outpost, a sole proprietorship currently sells short leather jackets for $369 each. The firm is considering selling long coats also. The long coats would sell for $719 each and the company expects to sell 820 a year. If the company decides to carry the long coat, management feels that the annual sales of the short jacket will decline from 1,120 to 1,040 units. Variable costs on the jacket are $228 and $435 on the long coat. The fixed costs for this project are $23,100, depreciation is $10,400 a year, and the tax rate is 34 percent. What is the projected operating cash flow for this project
Answer:
$134,546
Explanation:
Calculation to determine the projected operating cash flow for this project
Projected operating cash flow=
{[820 × ($719 − 435)] + [(1,040 − 1,120) × ($369 − 228)] − $23,100} × {1 − .34} + {$10,400 × .34}
Projected operating cash flow={[820 × $284)] + [$80 × $141] − $23,100} × {.66} + {$3,436}
Projected operating cash flow= $134,546
Therefore the projected operating cash flow for this project is $134,546
9. The cost for a car is $500 000, a decountered of 5% will be offered if the money is peld within 1 year. What is the trade discount?
Answer:
The trade discount is the discount of 5% equivalent to $25,000
Explanation:
The question parameters are;
The cost of the car, c = $500,000
The amount the car's list price is discounted = 5%
The duration over which the payment for the car should be made to receive the discount = 1 year
Therefore, the trade discount is the 5% of the list price, which is equivalent to 5/100 × $500,000 = $25,000
A trade discount is a reduction of the retail price of a good which a wholesaler or manufacture of the good gives a trader, which may be a wholesaler or a retailer based on certain agreements, when a group of goods or a particular type of goods is purchased
er book 3 Project 2021 Explain TWO major consequences for Boni and Pale should they be negligent in performing their duties.
Answer:
er book 3 Project 2021 Explain TWO major consequences for Boni and Pale should they be negligent in performing their duties.
Which of the statements below is FALSE? A. A problem with using the dividend growth model is that it appears to underestimate the expected return for some stocks B. A problem with using the dividend growth model is that it produces a negative expected return whenever a firm cuts its dividends. C. A problem with using the dividend growth model is that it appears to underestimate the expected return for all stocks. D. The dividend model requires that a firm have a cash dividend history and that the dividend history shows a constant dividend or a positive growth in dividends.
Answer:
C. A problem with using the dividend growth model is that it appears to underestimate the expected return for all stocks.
Explanation:
In the case of the dividend growth model, it shows the underestimated of the return for some stocks, also it generated the negative return at the time when the firm could cut the dividend. ALso it needs that the firm has the history of the cash dividend and that history should show the same dividend or the positive growth
But it does not show the underestimate for all kind of the stocks
Automobile manufacturing is an industry subject to significant economies of scale. Suppose there are four domestic auto manufacturers, but the demand for domestic autos is no more than 2.5 times the quantity produced at the bottom of the long-run average cost curve. What do you expect will happen to the domestic auto industry in the long run
Answer:
• One firm to have left.
• At least one will be suffering.
Explanation:
There are four companies in this scenario which means that demand should at least be 4 times the production for all of them to sell.
With demand at only 2.5 times, at least one company will not be selling enough cars to survive in the industry so they will exist.
Another one will stay but will face tough times because a demand of 2.5 times production will not be enough to Carter or three companies.
The invention of the flying shuttle and the spinning jenny helped fuel the Industrial Revolution by making it possible for one person to do the work of many.
True
False
Subject: Career success skills
A nation whose interest rate is rising more rapidly than interest rates in other nations can expect the international value of its currency to appreciate.
Answer:
true
Explanation:
The exchange rate is the rate at which one currency is exchanged for another currency
If interest rate is higher in a country compared to other countries, investors would be interested in investing in that country because they would earn a higher return for their investment.
As a result of the higher flow of funds into the economy with the higher interest rate, the demand for the country's currency increases. If the demand increases relative to supply, the value of that currency relative to other currencies increases and its exchange rate increases. this is what is referred to as currency appreciation
According to recent data, only 36 percent of Uber's current employees are women. How do you think this situation helped perpetuate a flawed corporate culture?
The situation that should help for a flawed corporate culture should be explained below:
The following information should be considered:
If we considered the business type where uber begins i.e. there is the lack of skilled & experienced professionals.The workforce should have a less rating.There is non-fair treatment like sexual harassment.Therefore we can conclude that the 36% of the present employees of uber that contains women perpetuates a flawed corporate culture.
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During January, the production department of a process operations system completed and transferred to finished goods a total of 50,000 units. At the end of January, 10,000 additional units were in process in the production department and were 70% complete with respect to labor. The beginning inventory included labor cost of $41,000 and the production department incurred direct labor cost of $325,500 during January. Compute the direct labor cost per equivalent unit for the department using the weighted-average method.
Answer:
$6.43
Explanation:
Total equivalent unit = Completed and transferred to finished goods + Work in process inventory (70%) complete in labor
Total equivalent unit = 50,000 + 10,000*70%
Total equivalent unit = 50,000 + 7,000
Total equivalent unit = 57,000
Total direct labor cost = WIP labor expenses + Direct labor cost incurred during January
Total direct labor cost = $41,000 + $325,500
Total direct labor cost = $366,500
Direct labor cost per equivalent unit =Total direct labor cost / Total equivalent units
Direct labor cost per equivalent unit = $366,500 / 57,000 units
Direct labor cost per equivalent unit = $6.4298246
Direct labor cost per equivalent unit = $6.43
Imagine that you were reading an international marketing text in which you learned
that the GDP for a nation that was a member of the former Soviet Union was $1.56
billion. A few pages later in the same text, the book states that that nation's real GDP
was $800,000. From reading this information, you would know that:
Answer: this former member of the Soviet Union had a high rate of inflation
Explanation:
Real GDP refers to the measuring of the gross domestic product of a country after it has been adjusted for inflation. On the other hand, the nominal GDP hasn't been adjusted for inflation and makes use of current prices.
Since the real GDP is $800,000 while the other GDP given is $1.56 billion, then it can be infered that this former member of the Soviet Union had a high rate of inflation. This is because when there's inflation, the average of all the prices of the goods and services will rise which is depicted by the difference in the GDP given.
Which of the statements below is TRUE? A. Buying of shares is the selling of ownership in the company. B. A company is said to go "private" when it opens up its ownership structure to the general public through the sale of common stock. C. Private companies can go public by choosing to sell stock to attract permanent financing through equity ownership of the company. D. Most companies have the resident expertise to complete an initial public offering (IPO), or first public equity issue.
Answer:
C. Private companies can go public by choosing to sell stock to attract permanent financing through equity ownership of the company.
Explanation:
Private companies could go to the general public by selecting to sale the stocks in order to attract permanent financing via equity ownership of the company because they can sale the shares easily on the primary market in order to increased the finance also it will be help for raising the firm for the long period as the equity financing is considered for the long term financing
Hence, the option c is correct
A company incurs factory overhead costs of $1,200 and applied $1,500. If the difference is considered immaterial, then the: (Check all that apply.) Multiple select question. Factory Overhead account has a credit balance of $300 before adjusting. adjusting entry will require a debit to Cost of Goods Sold. adjusting entry will require a credit to Cost of Goods Sold. Factory Overhead account has a debit balance of $300 before adjusting.
Answer:
Factory Overhead account has a credit balance of $300 before adjusting.
adjusting entry will require a credit to Cost of Goods Sold.
Explanation:
Given that the actual overhead is $1,200 so the same should be debited to factory overhead account
And, the applied overhead is $1,500 so the same should be credited to the factory overhead account
In addition to this, the applied overhead is more than the actual overhead
So, these two statements should be considered
