Goode Company has the following production data for selected months.

Ending Work in Process
Month Beginning Work in Process Units Transferred Out Units % Complete as to Conversion Cost
January 0 39,400 10,200 44%
March 0 44,100 8,600 72
July 0 47,100 21,800 22

Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process

Materials Conversion Costs
January 49,600
March 52,700
July 68,900

Answers

Answer 1

Answer:

Goode Company

Equivalent units of production for materials and conversion costs:

                  Materials     Conversion Costs

January       49,600              43,888

March          52,700             50,292

July             68,900               51,896

Explanation:

a) Data and Calculations:

Ending Work in Process

Month  Beginning       Units Transferred Out Units  % Complete as to

        Work in Process   Conversion Cost

January 0 39,400 10,200 44%

March 0 44,100 8,600 72

July 0 47,100 21,800 22

January:                                   Units       Materials           Conversion

Beginning work in process           0

Units transferred out           39,400        39,400 (100%)  39,400 (100%)

Ending work in process       10,200        10,200 (100%)     4,488 (44%)

Equivalent units                                      49,600               43,888

March:  

Beginning work in process         0

Units transferred out          44,100          44,100 (100%)   44,100 (100%)

Ending work in process       8,600           8,600 (100%)     6,192 (72%)

Equivalent units                                      52,700              50,292

July:

Beginning work in process         0

Units transferred out          47,100          47,100 (100%)   47,100 (100%)

Ending work in process     21,800          21,800 (100%)    4,796 (22%)

Equivalent units                                      68,900              51,896


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1000
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P
$120
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1. Calculate nominal GDP for each year
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3. Calculate GDP deflator and inflation rate

Answers

Consumer sentiment suddenly crashes below early-pandemic levels in the US #accelerationism

Discuss the importance of innovation in the survival and success of a business. Include three strategies that you, as an entrepreneur, can use to encourage creativity and innovation in your small business in your response. Provide support for your response.

Answers

Answer is given below :

Explanation:

Innovation is part of the business and should be successful in the long run. If the business is not innovative it will one day fail and stop making a profit. example shows that it was the number one mobile phone in 2000 but it failed for a long time because it did not change the dynamic market and did not adopt the Android operating system.There are three strategies to promote creativity and innovation in small business: -A business should focus not only on the product, but also on the process, delivery and customer service of the product.A business must always come up with new ideas to survive in the market, which will reduce costs and improve production.A business must constantly monitor the current dynamic environment in the business world and adapt to market conditions and change business on time if necessary.

About 1.4 billion pounds of​ American, cheddar and other kinds of cheese is socked away at​ cold-storage warehouses across the​ country, the biggest stockpile since federal​ record-keeping began a century ago...Many​ [cheese companies] are paying to store their excess cheese in hopes demand and prices will improve. ​Source: Heather​ Haddon, "America​ Can't Move Its​ Cheese," Wall Street Journal​, December​ 17, 2018. What effect did the strategy of warehousing cheese have on the supply of​ cheese? Using the line drawing​ tool, show the effect of cheese producers storing cheese in warehouses rather than offering it for sale. Properly label your line. Carefully follow the instructions​ above, and only draw the required object

Answers

Answer: See explanation

Explanation:

Since the cheese companies are paying to store their excess cheese in hopes demand and prices will improve, then this will bring about the reduction in the supply of cheese in the market but the demand for cheese will still be constant.

Due to the fact that there is shortage of supply, the supply curve will shift leftward and as a result of this, the price if cheese will increase and the quantity demanded by the customers will then decrease as a result of price increase.

Question 9 Bond A is zero-coupon bond paying $100 one year from now. Bond B is a zero-coupon bond paying $100 two years from now. Bond C is a 10% coupon bond that pays $10 one year from now and $10 plus the $100 principal two years from now. The yield to maturity on bond A is 10%, and the price of bond B is $84.18. Assuming annual compounding, what is the price of Bond A?

Answers

The price of bond A is $90.91

The computation of the price of bond A is as follows:

= Paying amount × (1 + rate)^-1

= $100 × (1 + 0.10)^-1

= $100 × 1.1^-1

= $90.91

Therefore we can conclude that the price of bond A is $90.91

Learn more about the coupon rate here: brainly.com/question/16913107

Tell me about time when you made a mistake how did you find it and what did you do to correct it

Answers

Answer:

Briefly explain what the mistake was, but don't dwell on it.

Quickly switch over to what you learned or how you improved, after making that mistake.

You might also explain the steps you took to make sure that the mistake never happened again.

in a printing job, the cost of producing a thousand brochures was GH3500.The publisher decided to sell these brochures at 125% gross profit.How much shall he sell each brochure

Answers

1000 Brochures making cost = GH3500

Profit = 125%

= 125/100×3500

= 4375

Profit = 875

Each brochures = 4375/1000

= 4.375

Therefore each brochures will be sold at GH 4.375

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Nichols Company uses the percentage of receivables method for recording bad debts expense. The month-end accounts receivable balance is $250,000 and credit sales during the month were $1,000,000. Management estimates that 4% of accounts receivable will be uncollectible. The Allowance for Doubtful Accounts has a credit balance of $2,500 before adjustment. The adjusting entry that Nichols must make includes: a. a credit to the allowance for $7,500. b. a credit to the allowance for $30,000. c. a debit to bad debt expense for $10,000. d. a debit to bad debt expense for $40,000.

Answers

Answer: a. a credit to the allowance for $7,500

Explanation:

Estimated Bad Debt = Balance on Account receivable  x bad Debt loss rate =  $250,000 x 4% = $10,000

Allowance for doubtful accounts with  a credit balance of  $2,500  

Allowance for Bad debts expense =Estimated Bad Debt -  Credit balance Allowance for doubtful accounts = $10,000 - $2,500 = $7,500

Account titles and explanation         Debit              Credit

Bad Debt Expense                         $7,500

Allowance for Doubtful Accounts                        $7,500

Which assertion relates to the following statement? "Assets, liabilities, and equity interests are included in the financial statements at appropriate amounts

Answers

Answer: Valuation

Explanation:

The assertion that assertion relates to the statement that Assets, liabilities, and equity interests are included in the financial statements at appropriate amounts is the valuation assertion.

According to the assertion of accuracy and valuation, it simply means that all the figures that are presented in a financial statement are known to be accurate and are based on proper valuation of the assets, the liabilities and the equity balances

If the State of California raised the average state consumer sales tax rate from 9.25 percent to 15 percent, then this sales tax will have its heavist impact on and raise the marginal cost curves for California businesses.

a. True
b. False

Answers

Answer: False

Explanation:

Consumer sales tax is not charged to businesses but rather to the customers through a business. The tax would therefore increase the prices of goods and services for consumers and not the businesses.

The businesses would therefore not see their marginal cost curves increase. They could still be affected however, by Californians demanding less goods and services because it is now more expensive for them on account of the new sales tax.

g is considering eliminating the fruit product line. If this line is eliminated, Orange Company will be able to eliminate $74,000 of total fixed costs. By how much would this business decision increase operating income

Answers

The business decision increase the operating income by $16,000

Calculation of impact of net operating income:

The following formula should be used:

= Contribution margin lost + fixed cost savings

= -$58,000 + $74,000

= $16,000

Since fruit product contributed $58,000 so here we eliminated it due to this it has a loss of $58,000 for the orange company

Therefore we can conclude that that the business decision increase the operating income by $16,000

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Assume that a firm had shareholders' equity on the balance sheet at a book value of $1,500 at the end of 2010.During 2011 the firm earns net income of $1,900,pays dividends to shareholders of $200,and issues new stock to raise $500 of capital.The book value of shareholders equity at the end of 2011 is:_______.
A) $2,750
B) $250
C) $1,450
D) $3,700

Answers

Answer:

The book value of shareholders equity at the end of 2011 is:_______.

D) $3,700.

Explanation:

a) Data and Calculations:

Beginning shareholders equity book value = $1,500

Net income during 2011 =                                   1,900

Dividends paid to shareholders                          (200)

Issuance of new stock                                          500

Ending shareholders equity book value =     $3,700

b) The book value of equity at the end of 2011 is equal to the book value at the beginning of 2011 plus net income generated during 2011, issuance of new stock, minus dividends paid to shareholders.

Payback Period Payson Manufacturing is considering an investment in a new automated manufacturing system. The new system requires an investment of $1,200,000 and either has: Even cash flows of $800,000 per year or The following expected annual cash flows: $150,000, $150,000, $400,000, $400,000, and $100,000.

Required:
Calculate the payback period for each case.

Answers

Answer:

Assuming cashflows of $800,000 a year:

Payback period = Investment / Stable cashflow

= 1,200,000 / 800,000

= 1.5 years

Assuming uneven cashflows:

Payback period = Number of years before payback year + Cash remaining to be paid / Cashflow in payback period

= 150,000 + 150,000 + 400,000 + 400,000

= $1,100,000

Years before payback year = 4 years

Cash remaining to be paid back = Investment - Cashflow so far

= 1,200,000 - 1,100,000

= $100,000

Payback period = 4 + 100,000 / 100,000

= 5 years

Sellograph Corporation reports sales of $10 million for Year 2, with a gross profit margin of 40%. 20% of Sellograph's sales are on credit. Year 1 Year 2 Accounts receivable $ 150,000 $ 170,000 Inventory 900,000 1,000,000 Accounts payable 1,100,000 1,200,000
Accounts receivable days outstanding at the end of Year 2 is closest to:___________
a. 30.6 days.
b. 26.0 days.
c. 27.0 days.
d. 6.1 days.

Answers

Answer: b.

Explanation:

At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $267,000 and Total Liabilities of $103,000. During the year, the company reported total revenues of $314,000 and expenses of $243,000. Also, owner withdrawals during the year totaled $64,000. Assuming no other changes to owner's capital, the balance in the owner's capital account at the end of the year would be:

Answers

Answer:

171000

Explanation:

Assets.               267000

-Liabilities.           103000

=owners equity.   164000

+revenues.           314000

-expenses.           243000

-withdrawal.           64000

=ending equity.     171000

What happens in the foreign exchange market when a surplus of dollars​ exists? When there is a surplus of dollars in the foreign exchange​ market, _______.

Answers

Answer:

prices will decrease

Explanation:

The forex market is balanced when there exists when the quantity supply of any currency is equal to the quantity demanded. If the market has a surplus or shortages the rates will adjust accordingly.

Of all the promotional tools we looked at, which one is the most effective in getting your attention and interesting you in a product? Conversely, which of the tools is something that has a slim to zero chance of reaching you, much less interesting you?

Answers

Answer:

There are basically four tools of promotion namely, Advertisement, public relations, sales promotions, and direct marketing.

Of these, direct marketing will be most effective in capturing my attention while public relations will be less effective to me.

Explanation:

Direct marketing involves establishing direct communication with the potential buyer. It allows for a personal relationship with the buyer. Media such as telemarketing, direct mails, and face-to-face marketing are used to sell the goods. I will be easily convinced because I can easily relate with the person selling the goods and ask questions about the product.

Public relations refers to ways the company formally promotes its image to maintain its customer base. Press release is a measure employed by these companies. I will not be captivated by this because of the formality involved. I believe that through these measures, the company only lets out information they will like you t know.

of $3.00 per unit. The variable cost to manufacture is $2.00 per unit. The monthly fixed costs are $8000. Its current sales are 29,000 units per month. If the company wants to increase its operating income by 20%, how many additional units must it sell

Answers

Answer: 33,200 units

Explanation:

Current operating income = Sales - Variable costs - fixed costs

= (29,000 * 3) - (29,000 * 2) - 8,000

= $21,000

An increase of 20% would be:

= 21,000 * 1.20

= $25,200

The number of units that must be sold is:

= (Fixed costs + Required profit) / Contribution margin

Contribution margin = Selling price - Variable cost

= 3 - 2

= $1

Number of units to be sold is:

= (8,000 + 25,200) / 1

= 33,200 units

Doanh nghiệp được trích trước tiền lương nghỉ phép của toàn bộ người lao động trong công ty. Đung hay sai

Answers

Answer:

sai

Explanation:

Answer:

Explanation:

Đúng

The Treaty of Maastricht and the Treaty of Lisbon were indications of __________ within the European Union (EU).
a. a shift toward common external policies.
b. greater political union.
c. increased sovereignty for member countries.
d. a harmonized trade system.
e. less economic structure.

Answers

Answer:

Option B

Explanation:

In simple words, The Lisbon Treaty, often known as the Treaty of Lisbon, revised European Union laws by providing a more centralized administration as well as foreign relations, a suitable mechanism for nations wishing to exit the Community, and a simplified method for implementing new legislation.

Thus, from the above we can conclude that the correct option is B.

The Treaty of Maastricht and the Treaty of Lisbon were indications of within the European Union (EU) is :

B) Greater political union.

European Union

The Treaty of Maastricht and the Treaty of Lisbon were indications of  Greater political union within the European Union (EU) .

The Lisbon Treaty is changed European Union laws by giving a more centralized organization as well as remote relations, a appropriate instrument for countries wishing to exit the Community, and a disentangled strategy for actualizing unused legislation.

Thus, the correct option is B.

Learn more about "Economic Union" :

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The three key pieces of information that are stated on a bond certificate are the: A. stated interest rate, the face value of the bond, and the maturity date. B. market interest rate, the price of the bond, and the maturity date. C. interest payment, the face value of the bond, and the credit rating of the company. D. interest payment, the issue price of the bond, and the credit rating of the company.

Answers

A bond certificate should contain stated interest rate, the face value of the bond, and the maturity date.

A bond certificate simply refers to a certificate of debt which is usually issued either by the government or a corporation. The main idea behind the issuing of a bond certificate is to raise money.  

The bond certificate states the bond details e.g. the bond par value, interest rate, maturity date etc.

In conclusion, the correct option is A.

Read related link on:

https://brainly.com/question/18691234

in partnership businesses.if one partner withdraws part of his salary. How to record it in appropriation account and Current account.??Accounts​

Answers

Answer:

it can be to be and so

Explanation:

out line four roles played by entrepreneurs in Kenya​

Answers

Answer:

To be a successful entrepreneur it is necessary for the individual to develop essential communication skills, creativity, innovation and the ability to deal with the risks inherent in the business.

A well-positioned and competitive business is one that manages to create value for consumers by offering products and services that satisfy their wants and needs.

In Kenya, entrepreneurship has stood out as a means for citizens to seek employment and income opportunities, especially in opening up trade in products and services.

Entrepreneurship helps a country to develop by moving the economy and improving the population's quality of life, so it is necessary to have government incentives and information available on the subject.

Klear Manufacturing sells its plant with a cost of $1.2 million to Burt Company for $1.4 million and immediately leases it back for a 15-year term. The transaction does not meet the revenue recognition criteria under ASC Topic 606. At the inception of the sale and leaseback, Klear should debit cash and credit
a. notes payable.
b. sales revenue.
c. lease liability.
d. the asset.

Answers

Answer:

Klear Manufacturing

At the inception of the sale and leaseback, Klear should debit cash and credit

c. lease liability.

Explanation:

a) Data and Calculations:

Debit Cash $1.4 million Lease Liability $1.4 million

Debit ROU asset $1.4 million Credit Plant $1.2 million Credit Gain from Sale $0.2 million

b) The sale and leaseback creates a right of use asset as well as a lease liability.  Therefore, the Cash account is debited for the cash receipts from the transaction and the Lease Liability is credited.  Also debited is the right of use asset with corresponding credits to the Asset account and Gain from Sale.

A firm with earnings before interest and taxes of $500,000 needs $1 million of additional funds. If it issues debt, the bonds will mature after 20 years and pay interest of 8 percent. The firm could issue preferred stock with a dividend rate of 8 percent. The firm has 100,000 shares of common stock outstanding and is in the 30 percent income tax bracket. What are the (1) earnings per common share under the two alternatives, (2) the times-interest-earned if the firm uses debt financing, and (3) the times-dividend-earned if the firm uses preferred stock financing

Answers

Answer:

                     Calculation of Earning Per Share

Particulars                                     Debt Alternative($)   Preferred Stock($)

Amount Required                                1,000,000                  1,000,000

Earning before Interest and Tax         500,000                     500,000

Less: Interest Cost(8%)                        80,000                           ----      

Earning After Interest                          420,000                     500,000

Tax(30%)                                               126,000                      150,000

Earning After Tax                                 294,000                     350,000

Less: Dividend to Pref. Shares                                                80,000

Earning Avai. for C. Stockholders       294,000                     270,000

Outstanding shares                             100,000                     100,000

Earning Per Common Share               2.94                             2.70  

2. Times Interest Earned Ratio = EBIT / Interest

Times Interest Earned Ratio = 500,000 / 80,000

Times Interest Earned Ratio = 6.25 Times

3. Times Dividend Earned Ratio = Net Income / Preferred Dividend

Times Dividend Earned Ratio = 350,000 / 80,000

Times Dividend Earned Ratio = 4.375 Times

Data collection tool of a qualitative research

Answers

Answer:

The methods of qualitative data collection most commonly used in health research are document study, observations, semi-structured interviews and focus groups.

MC Qu. 98 Garcia Corporation's April sales forecast... Garcia Corporation's April sales forecast projects that 6,100 units will sell at a price of $10.60 per unit. The desired ending inventory is 10% higher than the beginning inventory, which was 1,100 units. Budgeted purchases of units in April would be:

Answers

Answer:

Total budgeted purchases = $65,826

Explanation:

Budgeted purchases

Sales forecast = 6,100 units

Ending inventory 1,100 * 110% = 1,210 units

Required units = 7,310

- Beginning inventory = 1,100 units

Units to be purchased = 6,210

Cost per unit = $10.60

Total budgeted purchases = $65,826

Which statement does not describe a difference between government and household budgets? In the short term, economists would expect the budget deficits and surpluses to fluctuate up and down with the economy and the automatic stabilizers. Most economists view the proposals for a perpetually balanced budget with bemusement. Most economists agree with the proposals for a perpetually balanced budget. Economic recessions should automatically lead to larger budget deficits or smaller budget surpluses, while economic booms lead to smaller deficits or larger surpluses.

Answers

Answer:

Most economists view the proposals for a perpetually balanced budget with bemusement

Explanation:

A balanced budget is a budget where at the end of every year, revenue must equal expenditure. this type of budget can magnify the business cycle. This types of budget contrasts with a cyclically balanced budget

A Cyclically balanced budget is when in a recession, the government makes use of expansionary fiscal policy and in a boom, the government makes use of a contractionary fiscal policy to stabilise the economy. So, in a recession, deficits would be higher and in an expansion, surplus would be higher.

Government sector deficit occurs when government spending exceeds income of the government.

When deficit increases, debt increases. This is because a deficit would need to be funded by additional borrowing

When there is a surplus, government spending is less than the income of the government.

Suppose that XYZ Company hires labor and capital in competitive input markets. Assume that labor costs $200 per day and that a unit of capital costs $150 per day. At the current level of production, labor's marginal product is 40 units of output produced per day and capital's marginal product is 30 units of output per day.
a) Given the information provided, is the firm minimizing the cost of current production? Explain why or why not.
b) If the daily wages were to increase, explain the long run adjustments that the firm would likely make in response to the wage increase.

Answers

Answer:

a) Yes, the firm is minimizing the cost of current production. This is because MRPL / w = MRPC / r = 0.20.

b) The long run adjustments that the firm would likely make in response to the wage increase is to use more labor and less capital until MRPL / w = MRPC / r, which is the condition for the cost minimization of a firm.

Explanation:

a) Given the information provided, is the firm minimizing the cost of current production? Explain why or why not.

The condition for the cost minimization of a firm is as follows:

MRPL / w = MRPC / r ……………………………. (1)

Where:

MRPL = Labor's marginal product = 40

w = Cost of labour = $200

MRPC = Capital's marginal product = 30

r = Cost of capital = 150

Therefore, we have:

MRPL / w = 40 / 200 = 0.20

MRPC / r = 30 / 150 = 0.20

Since MRPL / w = MRPC / r = 0.20, this implies that these conditions are consistent with equation (1). Therefore, the firm is minimizing the cost of current production.

b) If the daily wages were to increase, explain the long run adjustments that the firm would likely make in response to the wage increase.

If the daily wages were to increase, the MRPL / w in equation (1) in part a above will fall and we will have:

MRPL / w < MRPC / r …………………… (2)

Since equation (2) is no longer consistent with equation (1), the firm is NOT minimizing the cost of current production.

Therefore, the long run adjustments that the firm would likely make in response to the wage increase is to use more labor and less capital until MRPL / w = MRPC / r, which is the condition for the cost minimization of a firm.

In 4-6 sentences, discuss how understanding the concept of price elasticity of demand is useful for a business owner/firm operating in any market structure. Copying the definition or restating the definition of elasticity will result in loss of points. (What does price elasticity of demand tell the firm in terms

Answers

Answer:

The concept of price elasticity is important to a firm because it would help a firm determine how to change prices in order to increase total revenue

For example, if a firm has an elastic demand, if price is increased, the quantity demanded would fall. The fall in demand would be greater than the increase in price. As a result, total revenue would fall. If price is reduced, the quantity demanded would increase.. the increase in demand would be greater than the reduction in price. Total revenue would increase

If on the other hand, demand is inelastic, if price is increased, total revenue increases. If price is reduced, total revenue reduces

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases  

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

A company plans on selling 500 units. The selling price per unit is $10. There are 60 units in beginning inventory, and the company would like to have 100 units in ending inventory. How many units should be produced for the coming period?
a. 540 units
b. 2,000 units
c. 2,035 units
d. 365 units
e. 400 units

Answers

if i remember this one correct the right answer would be b.
Answer is A 540 units
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