In each scenario below, please identify the personality dimension that, according to psychologist Carl Jung, would be the most appropriate answer. Which of the following statements best describes someone who has the introversion dimension?
A. Energized by inner world of thoughts and ideas, deep interests, thinks before speaking
B. Let life happen, spontaneous, open-ended, and last minute situations are energizing.
C. Lives life organized, stable, systematic, and under control.
D. Makes decisions by analysis, logic, and impersonal criteria.

Answers

Answer 1

Answer:

A. Energized by inner world of thoughts and ideas, deep interests, thinks before speaking.

Explanation:

Carl Jung was a psychoanalyst and a [tex]\text{Swiss psychiatrist}[/tex]. He founded the study of analytical psychology. He is best known for his theory of the Unconscious and also for his work on the religious nature behind the psychology of the humans.

According to him, an introversion dimension of the human mind is energized by the inner thoughts and ideas, his or her interest. An introversion mind always thinks before speaking.

Introversion mainly deals with the personality where one's thought and ideas provides them confidence of themselves.

Therefore, the correct option is (A).


Related Questions

Dividing Partnership Net Income
John Prado and Ayana Nicks formed a partnership, dividing income as follows: Annual salary allowance to Prado, $10,000 and Nicks, $28,000. Interest of 5% on each partner's capital balance on January 1. Any remaining net income divided equally. Prado and Nicks had $20,000 and $50,000, respectively, in their January 1 capital balances. Net income for the year was $30,000. How much net income should be distributed to Prado and Nicks?
Prado: $______
Nicks: $_______

Answers

Answer:

Prado: $10,000

Nicks: $20,000

Explanation:

when you look at it Prado always gets less then Nicks so you just give Nicks more

How does the car insurance policy define insurance

Answers

Answer:

Insurance is an obligation of the insurer, confirmed by the insurance contract of the insurer with the policyholder, who arranges insurance for the benefit of the insured, towards the insured to mitigate the impact from the specified negative "loss event". The insurance only covers certain, pre-agreed insurance events that occur with a certain estimable probability. As such, the insurance does not affect the risk of the event or any damage, but only mitigates their impact.

Adventure Travel signed a 14%, 10-year note for $151,000. The company paid an installment of $2100 for the first month. After the first payment, what is the principal balance

Answers

Answer:

$147,138.34

Explanation:

Interest Expense for 1 month = $151,000 * 14% * (1/12)

Interest Expense for 1 month = $151,000 * 0.14 * 0.083333

Interest Expense for 1 month = $1761.65962

Interest Expense for 1 month = $1,761.66

Principal amount = Total payment + Interest Expense for 1 month

Principal amount = $2,100 + $1,761.66

Principal amount = $3,861.66

Principal balance = $151,000 - $3,861.66

Principal balance = $147,138.34

Insert your overall conclusions about the relevance and significance of macroeconomics. Assess the effectiveness of your economic policy decisions. Did your economic policy decisions produce the anticipated results?

Answers

Answer:

Macroeconomics is a very relevant subfield of economics because it studies economic matters at the aggregate level, that means things such as inflation, unemployment, economic growth, investment, saving, and many other economic phenomena that are very relevant for all countries, all governments, and essentially everybody around the world.

Macroeconomics is a contested field, with some points in agreement, but many others in dispute among economists. For this reason, the policy recommendations that are based on macroeconomic criteria are often very different, and frequently clash into political conflict.

Economic policy decisions never produce exactly the expected result, but they often give a satisfactory result (not always). For example, the monetary policy based on the principles of monetarism did manage to bring down inflation substantially ever since it began to be applied in the late 1970s.

Yum Foods recently merged with Clean Plates. Which of the following activities should HR perform after the integration process?
A) It should assess the risks involved with the merger.
B) It should retain key talent.
C) It should identify and establish a new culture.
D) It should conduct due diligence.

Answers

I think is A. It should assess the risks involved with the merger

The HR should identify and establish a new culture after the integration process.

Merging of business establishments or companies mean the coming together or acquiring of one company by another. In short, it is when two or multiple companies join to form a single business.

In the given scenario, Yum Foods and Clean Plates are two business enterprises that have their separate ideas and policies. But when they merge, that means such individualistic ideas and concepts can no longer be retained or followed. To accommodate the two businesses, the HR team must find new ideas and policies that can work for the newly merged business.

When two or more companies join to form a single company, it is always necessary to make new changes in the concepts and work culture. This is also what HR should do in the merger of Yum Foods and Clean Plates. Thus, the correct answer is option C.

Learn more about merger here:

brainly.com/question/4192836

Schneider Inc. had salaries payable of $61,400 and $90,700 at the end of Year 1 and Year 2, respectively. During Year 2, Schneider recorded $620,000 in salaries expense in its income statement. Cash outflows for salaries in Year 2 were:

Answers

Answer:

$590,700

Explanation:

We can determine the amount of Cash outflows for salaries in Year 2 by preparing a Salaries Payable T - Account.

Salaries Payable T - Account.

Debit

Ending Balance                                          $90,700

Cash (Balancing figure)                            $590,700

Total                                                           $681,400

Credit

Beginning Balance                                     $61,400

Income Statement                                   $620,000

Total                                                           $681,400

thus,

Cash outflows for salaries in Year 2 were $590,700.

5.
Stay at least feet behind any fire apparatus vehicle displaying flashing warning
lights and sounding a siren.
a. 27
b. 99
c. 312
d. 500

Answers

wait im searching for answers

The material cost per equivalent unit using the weighted average costing method is calculated as a.total material costs to account for divided by equivalent units for materials. b.total material costs to account for divided by number of partially completed units for materials

Answers

Answer:

total material costs to account for/equivalent units for materials

Explanation:

The formula to calculate the material cost per equivalent unit is given below:

= Total material cost ÷ material equivalent units

It means that if we divide the total material cost by the material equivalent unit so we can ge the material cost per equivalent unit

Hence, the above should be the answer

Bims Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 2,400 units in its beginning work in process inventory that were 70% complete with respect to conversion costs. An additional 62,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 20,000 units in the ending work in process inventory of the Assembly Department that were 60% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month

Answers

Answer:

56,400 units

Explanation:

The computation of the equivalent units for conversion costs in the Assembly Department is given below:

But the transferred units is

=  Beginning work in process inventory units + additional units - ending work in process inventory units

= 2,400 units + 62,000 units - 20,000 units

= 44,400 units

Now the equivalent units for conversion costs equal to

=  Transferred units × percentage of completion + ending work in process inventory units × percentage of completion

= 44,400 units × 100% + 20,000 units ×60%

= 44,400 units + 12,000 units

= 56,400 units

Suppose that many stocks are traded in the market and that it is possible to borrow at the risk-free rate, rƒ. The characteristics of two of the stocks are as follows: Stock Expected Return Standard Deviation A 10 % 25 % B 18 % 75 % Correlation = –1 a. Calculate the expected rate of return on this risk-free portfolio? (Hint: Can a particular stock portfolio be substituted for the risk-free asset?) (Round your answer to 2 decimal places.) b. Could the equilibrium rƒ be greater than 12.00%?

Answers

Answer:

a. The expected rate of return on this risk-free portfolio is 12%.

b. No, the equilibrium rƒ CANNOT be greater than 12.00%. This is because the equilibrium rƒ must be equal to the expected rate of return on this risk-free portfolio.

Explanation:

Given:

The characteristics of two of the stocks are as follows:

Stock            Expected Return        Standard Deviation

  A                        10%                                25%

  B                        18%                                75%

Correlation = –1

a. Calculate the expected rate of return on this risk-free portfolio?

SDA = Standard Deviation of Stock A = 25%, or 0.25

SDB = Standard Deviation of Stock B = 75%, or 0.75

WA = Weight of Stock A = ?

WB = Weight of Stock B = (1 - WA)

Portfolio standard deviation = (WA * SDA) – ((1 - WA) * SDB) = (WA * 0.25) – ((1 - WA) * 0.75)

With a perfect negative correlation, Portfolio standard deviation has is taken to be zero. Therefore, we have:

0 = (WA * 0.25) - ((1 - WA) * 0.75)

0 = 0.25WA - (0.75 - 0.75WA)

0 = 0.25WA - 0.75 + 0.75WA

0.75 = 0.25WA + 0.75WA

WA = 0.75

Therefore, we have:

WB = 1 - WA = 1 - 0.75 = 0.25

Portfolio expected rate of return = (WA * Expected Return of Stock A) + (WB * Expected Return) = (0.75 * 10%) + (0.25 * 18%) = 0.12, or 12.00%

Therefore, the expected rate of return on this risk-free portfolio is 12%.

b. Could the equilibrium rƒ be greater than 12.00%?

No, the equilibrium rƒ CANNOT be greater than 12.00%. This is because the equilibrium rƒ must be equal to the expected rate of return on this risk-free portfolio.

] Widget manufacturing Company began operations on January 1. All sales are on credit. Widget has sales budgeted as $160,000 for January and $290,000 for February. Accounts Receivable collections are expected to be 60% in the month of sale, 30% the next month, and 10% in the third month. Use this information to determine the dollar value of February Expected Cash Collections from Customers. Enter as a whole number (no cents). g

Answers

Answer: $222000

Explanation:

The dollar value of February Expected cash collections from customers will be calculated as the addition of the January credit sales collection and the February credit sales collection and this will be:

= ($160,000 × 30%) + ($290000 × 60%)

= $48000 + $174000

= $222000

The value of February expected cash collections from customers is $222,000.

Sheffield Corp. has the following transactions related to notes receivable during the last 2 months of 2020. The company does not make entries to accrue interest except at December 31.

Nov. 1 Loaned $62,400 cash to C. Bohr on a 12-month, 7% note.
Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $1,800, 90-day, 7% note.
Dec. 16 Received a $9,600, 180-day, 8% note to settle an open account from A. Murdock.
Dec. 31 Accrued interest revenue on all notes receivable.

Required:
Journalize the transactions for Sheffield Corp.

Answers

Answer and Explanation:

The journal entries are shown below;

On Nov 1

Notes receivable-C.Bohr $62,400  

         To Cash $62,400

(Being cash paid is recorded)

On Dec 11

Notes receivable-K.R.Pine $1,800  

          To Sales revenue $1,800

(being sales revenue is recorded)

On Dec 16

Notes receivable-A.Murdock $9,600  

        To Account receivable $9,600

(Being note receivable is recorded)

On Dec 31

Interest receivable $767  

        To Interest revenue $767

(Being the interest revenue is recorded)

($62,400 × 7% × 2 ÷ 12 + $1,800 × 7% × 20 ÷ 360 + $9,600 × 8% × 15 ÷ 360)

In the case of an auto accident conflict over which insurance should pay is a common reason for rejection. True False

Answers

Answer:

True

Explanation:

When damages exceed the limits defined in the insurance policy, the insurer may deny the claim. This is usually the case when accident is due to negligence of driver. The insurance company may cover partial or none of the claim.

If the dollar contribution margin per unit is increased by 8%, total fixed expenses is decreased by 18%, and all other factors remain the same, net operating income will:

Answers

Answer:

Increase

Explanation:

Since the Contribution increased and Fixed Costs have decreased, the resulting effect is an Increase in Net Operating Income. Thus, all other factors remain the same, net operating income will: Increase

Why the mode of pollination in maize is cross-pollination? Why it is important to cover the ear shoot with a butter paper bag before the emergence of silks? What could be the consequences if a few silks emerge before bagging? (Marks4)

Answers

Answer:

Its advisable to cover the ears as shot may enters or fly in air.

Explanation:

The cross-pollination is a type of pollination n which the sperm-laden pollen is a transfer from one cone of flower of one plant.  This created flowering in plants. Wheat is a self-pollinated crop and for cross foliation to take place what florets must be opened. This is done to allow for genetic diversity and is only available for short peroid of time. Once the skills are viable they make already to be contaminated with foreign pollen and its vital that ears are bagged before the process. As the consequences could be that pollen might fly away.

Anya owns land with an adjusted basis of $305,000, subject to a mortgage of $175,000. Anya sells her land subject to the mortgage for $325,000 in cash, and a note for $300,000. What is Anya's amount realized on this sale

Answers

Answer: $800,000

Explanation:

Alice's realized amount from the sale is a sum of all the amounts that the seller gets it for as well as any mortgages assumed.

Alice therefore realized:

= Mortgage assumed by seller + Cash + Note

= 175,000 + 325,000 + 300,000

= $800,000

Prepaid Insurance is $23,149. The company has separate insurance policies on its buildings and its motor vehicles. Policy B4564 on the building was purchased on July 1, 2016, for $15,510. The policy has a term of 3 years. Policy A2958 on the vehicles was purchased on January 1, 2017, for $10,224. This policy has a term of 18 months. Prepare the adjusting entries at December 31, 2017.

Answers

Answer:

Journal Entry

December 31, 2017

Dr. Insurance Expense-Building $5,170

Cr. Prepaid Insurance-Building $5,170

Dr. Insurance Expense-Motor vehicle $6,816

Cr. Prepaid Insurance-Motor vehicle $6,816

Explanation:

First, we need to calculate the Amount of insurance expense accrued in the year for each insurance

Policy B4564

Insurance expense accrued = Total Insurance amount x Time accrued in the year / Term of Policy

Insurance expense accrued = $15,510 x 1 year / 3 years

Insurance expense accrued = $5,170

Policy A2958

Insurance expense accrued = Total Insurance amount x Time accrued in the year / Term of Policy

Insurance expense accrued = $10,224 x 12 months / 18 months

Insurance expense accrued = $6,816

The lifetime of a particular brand of A batteries follows a normal distribution. The mean lifetime of particular brand of A batteries is 1000 hours, with a standard deviation of 100 hours.
1. What percentage of batteries last more than 1100 hours?
a. 2.5%.
b. 5%.
c. 16%.
d. 32%.
2. What is the probability that a randomly selected battery lasts more than 875 hours?
a. 0.3749.
b. 0.8944.
c. 0.8716.
d. 0.1056.
3. What is the probability that a randomly selected battery lasts between 1150 and 1250 hours?
a. 0.2417.
b. 0.4332.
c. 0.9915.
d. 0.3085.

Answers

Answer:

1. d. 32%

2. a. 0.3749

3. c. 0.9915

Explanation:

Percentage of battery is calculated by;

mean - sample / standard deviation

1100 hours - 875 / 100 = 225 / 875 = 0.3749

z-score calculated based on the probability of battery is 0.6549

[ 1250 - 1150 ] / 1250 = 0.9915

Suppose that a share of common stock is expected to pay a $3 dividend one year from now, and thereafter each annual dividend payment will increase by 4% over the prior payment. The effective annual interest rate is 12%. Find the modified duration of this share of stock.

Answers

Answer:

13

Explanation:

Modified duration of stock = (1 + Growth rate) / (Effective rate - Growth rate)

Modified duration of stock = (1 + 4%) / (12% - 4%)

Modified duration of stock = (1 + 0.04) / 0.08

Modified duration of stock = 1.04 / 0.08

Modified duration of stock = 13

So, the modified duration of this share of the stock is 13.

The 2018 income statement for John's Gym shoes that depreciation expense is $20 million, EBIT is $80 million, and taxes are $24 million. At the end of the year, the balance of gross fixed assets was $102 million. The increase in net operating working capital during the year was $18 million. John's free cash flow for the year was $41 million. What was the beginning of year balance for gross fixed assets

Answers

Answer:

$85 million

Explanation:

Operating cash flow = EBIT - Taxes + Depreciation

Operating cash flow = $80 million - $24 million + $20 million

Operating cash flow = $76 million

Free cash flow = Operating cash flow - Investment in operating capital

$41 million = $76 million - Investment in operating capital

Investment in operating capital = $76 million - $41 million

Investment in operating capital = $35 million

Investment in operating capital = Change in Gross fixed assets + Change in Net operating working capital

$35 million = ($102 million - Beginning of year gross fixed assets) + $18 million

Beginning of year gross fixed assets = $102 million - $35 million + $18 million

Beginning of year gross fixed assets = $85 million

The demand for aloe vera hand lotion, one of numerous products manufactured by Smooth Skin Care Products Inc., has dropped sharply because of recent competition from a similar product. The company's chemists are currently completing tests of various new formulas, and it is anticipated that the manufacture of a superior product can be started on December 1, one month in the future. No changes will be needed in the present production facilities to manufacture the new product because only the mixture of the various materials will be changed.

The controller has been asked by the president of the company for advice on whether to continue production during November or to suspend the manufacture of aloe vera hand lotion until December 1. The controller has assembled the following pertinent data:

Sales (400,000 units) $32,000,000
Cost of goods sold 28,330,000
Gross profit $3,670,000
Selling and administrative expenses 4,270,000
Loss from operations ($600,000)

The production costs and selling and administrative expenses, based on production of 400,000 units in October, are as follows:

Direct materials $15per unit
Direct labor 17per unit
Variable manufacturing cost 35per unit
Variable selling and administrative expenses 10 per unit
Fixed manufacturing cost $1,530,000 for October
Fixed selling and administrative expenses 270,000 for October

Sales for November are expected to drop about 20% below those of the preceding month. No significant changes are anticipated in the fixed costs or variable costs per unit. No extra costs will be incurred in discontinuing operations in the portion of the plant associated with aloe vera hand lotion. The inventory of aloe vera hand lotion at the beginning and end of November is expected to be inconsequential.

Required:
Prepare an estimated income statement in absorption costing form for November for aloe vera hand lotion, assuming that production continues during the month.

Answers

Answer:

Estimated loss from operations for aloe vera hand lotion in November = -$534,000.

Explanation:

The following calculations are done first:

Direct materials per unit = $15

Direct labor per unit = $17

Variable manufacturing cost per unit = $35

Fixed manufacturing cost per unit = Fixed manufacturing cost for October / Number of units in October = $1,530,000 / 400,000 = $3.825

Cost of goods sold per unit = Product cost per unit = Direct materials per unit + Direct labor per unit + Variable manufacturing cost per unit + Fixed manufacturing cost per unit = $15 + $17 + $35 + $3.825 = $70.825

Also, we have:

Expected sales in unit for November = Sales in unit for October * (100% - Expected percentage drop in sales) = 400,000 * (100% - 20%) = 320,00 units

Selling price per unit = Sales in October / Units sold in October = $32,000,000 / 400,000 = $80

Variable selling and administrative expenses per unit = $10

Fixed selling and administrative expenses for October = $270,000

Based on the above calculations, an estimated income statement in absorption costing form for November for aloe vera hand lotion can be prepared as follows:

                     Smooth Skin Care Products Inc.

     Estimated Income Statement for Aloe Vera Hand Lotion

                             (Absorption Costing)

                                   For November

Particulars                                                                $            

Sales Revenue ($80 * 320,000)                     25,600,000

Cost of good sold ($70.825 * 320,000)        (22,664,000)

Gross profit                                                        2,936,000

Selling and administrative expenses:

        Variable ($10 * 320,000)                         (3,200,000)

         Fixed                                                         (270,000)  

Loss from operations                                       (534,000)  

Therefore, we have:

Estimated loss from operations for aloe vera hand lotion in November = -$534,000

Balmforth Products, Inc. makes and sells a single product called a Bik. It takes three yards of Material A to make one Bik. Budgeted production of Biks for the next five months is as follows:
February 14,000 units
March 15,500 units
April 11,900 units
May 12,600 units
June 14,500 units
The company wants to maintain monthly ending inventories of material A equal to 10% of the following month's production needs. On March 31, this target had not been met since only 1,500 yards of material A were on hand. The cost of Material A is $0.80 per yard. The company wants to prepare a Direct Materials Purchases Budget. The desired ending inventory for June is:____.

Answers

Answer:

the desired ending inventory for JUne is 4,350 yards

Explanation:

the computation of the desired ending inventory for JUne is shown below;

= June production × given percentage × number of yards taken

= 14,500 units × 10% × 3 yards

= 4,350 yards

Hence, the desired ending inventory for JUne is 4,350 yards

The same should be considered and relevant

What is the role of a consumer in the economy nation

Answers

They demand goods and services.

A company had the following purchases during the current year:
January: 10 units at $120
February: 20 units at $125
May: 15 units at $130
September: 12 units at $135
November: 10 units at $140
On December 31, there were 26 units remaining in ending inventory. Using the LIFO inventory valuation method, what is the cost of the ending inventory?
a) $3,280.
b) $3,200.
c) $3,445.
d) $3,540.
e) $3,640.

Answers

Answer:

b) $3,200.

Explanation:

LIFO assumes that the units to arrive last will be sold first. This means that valuation of inventory is based on prices of earlier units purchased.

Calculation

Ending Inventory  = 10 x $120 + 16 x $125

                              = $3,200

Therefore,

Using the LIFO inventory valuation method, the cost of the ending inventory is  $3,200.

Watters Umbrella Corp. issued 20-year bonds 2 years ago at a coupon rate of 6.2 percent. The bonds make semiannual payments. If these bonds currently sell for 105 percent of par value, what is the YTM

Answers

Answer:

12%

Explanation:

the YTM of the Bond is 12 %

In a standard cost accounting system, the entry to record purchase of raw materials on account for $13500 when the standard cost is $12620 includes:______.
a. debit to Raw Materials Inventory for 12,750, debit to Materials Price Variance for $750 and credit to Accounts Payable for $13,500.
B. debit to Materials Price Variance for S7S0 and credit to Accounts Payable for $750.
c. debit to Raw Materials Inventory for $13,500 and credit to Accounts Payable of $13,500.
d. debit to Raw Materials Inventory for $12,750 and credit to Accounts Payable of $12,750.

Answers

Answer:

a. Debit to raw material inventory for $12,750, debit to material price variance $750 and credit to account payable for $13,500.

Explanation:

Date  Journal Entry                                   Debit      Credit

         Raw Material Inventory                   $12,750

         Material Price Variance                   $750

               Accounts Payable                                     $13,500

Identify the following costs as direct materials (DM), direct labor (DL), or factory overhead (FO) for a magazine publisher: a. Staples used to bind magazines b. Wages of printing machine employees c. Maintenance on printing machines

Answers

Answer:

Staples used to bind magazines

Direct materials

Wages of printing machine employees

Direct Labor

Maintenance on printing machines

Factory Overhead

Paper used in the magazine

Direct Materials

Explanation:

The given answers above are correctly grouped based on Direct Materials, Factory Overhead, and Direct Labor.

Craig Company asks you to review its December 31, 2014, inventory values and prepare the necessary adjustments to the books. The following information is given to you. 1. Craig uses the periodic method of recording inventory. A physical count reveals $234,890 of inventory on hand at December 31, 2014.2. Not included in the physical count of inventory is $13,420 of merchandise purchased on December 15 from Browser. This merchandise was shipped f.o.b. shipping point on December 29 and arrived in January. The invoice arrived and was recorded on December 31.3. Included in inventory is merchandise sold to Champy on December 30, f.o.b. destination. This merchandise was shipped after it was counted. The invoice was prepared and recorded as a sale on account for $12,800 on December 31. The merchandise cost $7,350, and Champy received it on January 3.4. Included in inventory was merchandise received from Dudley on December 31 with an invoice price of $15,630. The merchandise was shipped f.o.b. destination. The invoice, which has not yet arrived, has not been recorded.5. Not included in inventory is $8,540 of merchandise purchased from Glowser Industries. This merchandise was received on December 31 after the inventory had been counted. The invoice was received and recorded on December 30.6. Included in inventory was $10,438 of inventory held by Craig on consignment from Jackel Industries.7. Included in inventory is merchandise sold to Kemp f.o.b. shipping point. This merchandise was shipped after it was counted. The invoice was prepared and recorded as a sale for $18,900 on December 31. The cost of this merchandise was $10,520, and Kemp received the merchandise on January 5.8. Excluded from inventory was a carton labeled "Please accept for credit." This carton contains merchandise costing $1,500 which had been sold to a customer for $2,600. No entry had been made to the books to reflect the return, but none of the returned merchandise seemed damaged.Craig Company asks you to review its December 31, 1. Determine the proper inventory balance for Craig Company at December 31, 2014.Inventory balance as on December 31, 2014 2. Prepare any correcting entries to adjust inventory to its proper amount at December 31, 2014. Assume the books have not been closed.

Answers

Answer:

1. $237,392

2. Dr Sales Revenue $12,800

Cr Accounts Receivable $12,800

Dr Purchases (Inventory) $15,630

Cr Accounts Payable $15,630

Dr Sales Returns and Allowances $2,600

Cr Accounts Receivable $2,600

Explanation:

1. Calculation to determine the proper inventory balance for Craig Company at December 31, 2014.

December 31, 2014 Inventory balance=$234,890+$13,420+$8,540-$10,438-$10,520+$1,500

December 31, 2014 Inventory balance=$237,392

Therefore Inventory balance as on December 31, 2014 is $237,392

2. Preparation of any correcting entries to adjust inventory to its proper amount at December 31, 2014.

Dr Sales Revenue $12,800

Cr Accounts Receivable $12,800

Dr Purchases (Inventory) $15,630

Cr Accounts Payable $15,630

Dr Sales Returns and Allowances $2,600

Cr Accounts Receivable $2,600

The following condensed balance sheet is for the partnership of Hardwick, Saunders, and Ferris, who share profits and losses in the ratio of 4:3:3, respectively:
Cash $83,000 Accounts payable $208,000
Other assets 765,000 Ferris, loan 44,000
Hardwick, loan 34,000 Hardwick, capital 280,000
Saunders, capital 180,000
Ferris, capital 170,000
Total assets $882,000 Total liabilities and capital $882,000
The partners decide to liquidate the partnership. Forty percent of the other assets are sold for $240,000. Prepare a proposed schedule of liquidation at this point in time.

Answers

Answer:

Here the answer is given as follows,

MC Qu. 120 Dallas Company uses a job order... Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $4,160,000 (260,000 hours at $16/hour) and that factory overhead would be $1,560,000 for the current period. At the end of the period, the records show that there had been 240,000 hours of direct labor and $1,260,000 of actual overhead costs. Using direct labor hours as a base, what was the predetermined overhead rate

Answers

Answer:

See below

Explanation:

Per the given details, predetermined overhead is be calculated as seen below

Predetermined overhead = (Estimated factory overhead / Estimated direct labor hour) × 100

Estimated factory overhead = $1,560,000

Estimated direct labor hour = 260,000

Predetermined overhead = )$1,560,000 / 260,000) × 100

Predetermined overhead rate = 600%

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