jasmine has too many files in her math folder and can't easily find her class notes. what should she do to help her find her notes easily?

Answers

Answer 1

Answer:

used folders or sticky notes in a binder. Notes saying what they are help too.

Explanation:


Related Questions

Current Attempt in Progress
Cullumber Company entered into these transactions during May 2022, its first month of operations.
1. Stockholders invested $42,500 in the business in exchange for common stock of the company.
2. Purchased computers for office use for $31,900 from Ladd on account.
3. Paid $2,900 cash for May rent on storage space.
4. Performed computer services worth $17,900 on account.
5. Performed computer services for Wharton Construction Company for $5,400 cash.
6. Paid Western States Power Co. $8,300 cash for energy usage in May.
7. Paid Ladd for the computers purchased in (2).
8. Incurred advertising expense for May of $1,600 on account.
9. Received $14,000 cash from customers for contracts billed in (4).
Create a tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders' Equity in the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)

Answers

Answer:

Assets = Liabilities + Stockholders' Equity = $68,600

Explanation:

Note: See the attached excel file for the tabular analysis of the effect of each transaction on the accounting equation.

From the attached excel file, we have:

Assetes = Total assets balance = = $18,800 + $17,900 + 31,900 = $68,600

Liabilities = Total liabilities balance = $1,600

Stockholders' Equity = Total Common Stock balance + Total  Net Income balance = $42,500 + $25,500 = $67,000

Liabilities + Stockholders' Equity = $1,600 + $67,000 = $68,600

Therefore, we have:

Assets = Liabilities + Stockholders' Equity = $68,600

The definition of environmentalism is_____.

A) Company policies aimed at curbing air and water pollution and over-harvesting of forest

B) The study of geology and how climate and to rain affect the evolution of societies

C) A worldwide movement that began in the 1970s and whose purpose is to protect the air, land, and water

D) The study of how children are affected more strongly by their environment than they are by heredity

Answers

Answer:

C

Explanation:

because of the word "environmentalism" which gives meaning and purpose to the term as a group or movement.

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.
Which of the following is true of downward communication?
a. Recording a project's results and accomplishments involves downward communication.
..
O b. The process of creating progress reports is an example of downward communication.
5.
c. Problem solving and clarifications in organizations involve downward communication.
7.
d. Orientation to a company's rules and practices is an element of downward communication.
8.
о
9.
10.
C
11.

Answers

Answer:

When the federal government spends more money than it receives in taxes in a ... spending over time in nominal dollars is misleading because it does not take ... defense spending as a share of GDP has generally declined since the 1960s, ... Healthcare expenditures include both payments for senior citizens (Medicare), ...

Explanation:

Spalding Pointers Corporation expects to begin operations on January 1, year 1; it will operate as a specialty sales company that sells laser pointers over the Internet. Spalding expects sales in January year 1 to total $120,000 and to increase 5 percent per month in February and March. All sales are on account. Spalding expects to collect 70 percent of accounts receivable in the month of sale, 20 percent in the month following the sale, and 10 percent in the second month following the sale. Required Prepare a sales budget for the first quarter of year 1.

Answers

Answer:

Spalding Pointers Corporation

Sales Budget

For the first quarter of year 1.

Details                                     January             February        March  

Sales revenue ($)                   120,000              126,000       132,300

Explanation:

Before preparing the sales budget, the following are calculated first:

Expected sales in January year 1 = $120,000

Expected sales in February year 1 = Expected sales in January year 1 * (100% + Expected percentage increase) = $120,000 * (100% + 5%) = $126,000

Expected sales in March year 1 = Expected sales in February year 1 * (100% + Expected percentage increase) = $126,000 * (100% + 5%) = $132,300

The sales budge will now look as follows:

Spalding Pointers Corporation

Sales Budget

For the first quarter of year 1.

Details                                     January             February        March  

Sales revenue ($)                   120,000              126,000       132,300

In the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. Several theories explain how this might happen.

For example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. Consider a soybean farmer who expects a price level of 100 in the coming year. If the actual price level turns out to be 90, soybean prices will _________, and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by ____________the quantity of soybeans supplied. If other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to __________ the natural level of output in the short run. Suppose the economy's short-run aggregate supply (AS) curve is given by the following equation:

Answers

Answer:

1. A fall in prices of soybean

2. Reduce quantity she supplies

3. Falls below

Explanation:

We are to fill in the blanks here

1. In this question the farmer expected price level of 100 but the actual price realized was 90 so there would be a fall in the price of soybean.

2. If farmer feels that price of other goods caused this fall, she would reduce the quantity of soybean that she supplies

3. The quantity supplied is then going to fall below natural level in the short run

Question II - Tina Technology is looking to raise $85,000 worth of capital, and she is looking to raise that money through the internet and still fall under an SEC exemption. How should Tina go about raising that money? Due to the amount of capital she is looking to raise, will Tina be subject to any other special requirements?

Answers

Answer and Explanation:

In the given case Tina Technology could use the funding as crowd funding and also can claim exemption from SEC

The provisions are shown below:

The Guideline Crowdfunding could empowered the organizations that should be qualified can offer and sell the protections via crownfunding

The principles are

1. It needs all exchanges that are under Regulation Crowdfunding to arise occur via SEC i.e. enrolled delegation it should be merchant vendor or a financing entrance

2. Permission made to organization for raising a highest measure of $1,070,000 via contributions related to the crownfunding

3. Control the sum of individual specialist that can put total contributions related to the crownfunding

4. It needs the data exposure in order to file with the commission, financial specialist & the middle person for motivating the contribution

The protection that could be purchased in the crowdfunding exchange could not be exchange also the guidelines related to Crowdfunding contributions are based upon the troublemaker that have exclusion arrangement

Texas Roadhouse opened a new restaurant in October. During its first three months of operation, the restaurant sold gift cards in various amounts totaling $1,800. The cards are redeemable for meals within one year of the purchase date. Gift cards totaling $728 were presented for redemption during the first three months of operation prior to year-end on December 31. The sales tax rate on restaurant sales is 4%, assessed at the time meals (not gift cards) are purchased. Texas Roadhouse will remit sales taxes in January.

Required:
a. Record (in summary form) the S3,500 in gift cards sold (keeping in mind that, in actuality, the firm would record each sale of a gift card individually).
b. Record the S728 in gift cards redeemed.
c. Determine the balance in the Deferred Revenue account (remaining liability for gift cards).

Answers

Answer:

General Journal Debit Credit

1 Cash 2600  

Unearned revenue  2600

(To record gift cards sold)  

2 Unearned revenue 832  

Sales tax payable  32

Sales revenue  800

(To record gift cards redeemed)  

Taking a smartphone to the gym when you work out becomes more popular. What is the result of this event?

As a result, _______.
A. the quantity of smartphones demanded increases
B. the demand for smartphones increases
C. the quantity of smartphones demanded decreases
D. the demand for smartphones decreases

Answers

Answer:

B is the answer

Explanation:

it's B i think

When the smartphone you take to gym becomes more popular, then, the result will be an an increases in demand for smartphones

Demand means the willingness to acquire a product or service. Here, the popularity of the smartphone will result to an increase in its demand because people want to use the smartphone.

Hence, when the smartphone you take to gym becomes more popular, then, the result will be an an increases in demand for smartphones

Therefore, the Option B is correct

Read more about Demand

brainly.com/question/13369401

quarter of employees in the US do not trust their employers, and only about 50% of them believe that their bosses are open with them.


True

False

Answers

True, hope this helps
True, hope you use this help.

Which career would be most interesting to someone with a keen eye for photography and visual design?
A. front-of-the-house restaurant management
B. product sourcing
C. marketing and public relations
D. food styling

Answers

Answer:

the career that would be most interesting to some with a keen eye for photography and visual design is food styling.

True or false? Content marketing is a relatively new practice that became popular in the 1950’s with the boom of advertising firms.

Answers

Answer:

true

Explanation:

True because firms became a thing in the 1950’s and people put stocks in them to be able to gain more money,

A discount term of 20/15/5 means: Group of answer choices based on the timing of payment, 1 of the 3 discount options can be applied based on the size of the order, 1 of the 3 options can be applied if all conditions are met, all 3 discounts can be applied to the list price all three discounts are possible but it is rare that all three are able to be applied

Answers

Answer: If all conditions are met, all 3 discounts can be applied to the list price

Explanation:

This is a series discount which means the following:

20 is for 20% off the list price which leaves 80%.

15 is for 15% off which leaves 85% and,

5 is for 5% off which leaves 95%.

If all conditions placed by the seller are met, all 3 discounts can be applied to the list price.

They are applied by multiplying the discounted price proportions.

= 0.8 * 0.85 * 0.95

= 0.646 will be the discounted price.

According to the literature on organizational conflict, constructive conflict Question 1 options: tends to produce beneficial outcomes, particularly better decision making. is the main source of conflict in organizations. is the only conflict management style that has high assertiveness and low cooperativeness. is one of the most common outcomes of organizational conflict.

Answers

Answer:

tends to produce beneficial outcomes, particularly better decision making.

Explanation:

Constructive conflict occurs when there are problems that need to be solved by a team in the organization, and thus influence people to cooperate with creative and innovative ideas for solving the problem that can help to produce beneficial results, especially better decisions.

Constructive conflict helps the organization to be more productive by aggregating different ideas about the same problem and focusing on the solution to the resolution, which increases the sense of team integration, participation and understanding of different alternatives that will be improved so that the organization has the best decision making for such a problem.

Satka Fishing Expeditions, Inc., recorded the following transactions in July
1. Provided an ocean fishing expedition for a credit customer, payment is due August 10
2. Paid Marine Service Center for repairs to boats performed in June. (In June, Satka Fishing Expeditions, Inc., had received and properly recorded the invoice for these repairs.)
3. Collected the full amount due from a credit customer for a fishing expedition provided in June.
4. Recelved a bill from Baldy's Bait Shop for bait purchased and used in July. Payment is due August 3
5. Purchased a new fishing boat on July 28, paying part cash and issuing a note payable for the balance. The new boat is first scheduled for use on August 5
6. Declared and paid a cash dividend on July 31
Indicate the effects that each of these transactions will have upon the following six total amounts in the company's financial statements for the month of July.
Choose I for increase, D for decrease, and NE for no effect in the column headings below to show the effects of the above transactions.

Answers

Answer:

Satka Fishing Expeditions, Inc.

Indication of the effects that each of these transactions will have upon the following six total amounts in the company's financial statements for the month of July:

Transaction             Income Statement                       Balance Sheet

                 Revenue  - Expenses = Net Income  Assets = Liabilities + Equity

1.                    I                    NE               I                   I                                 I

Accounts Receivable and Sales Revenue

2.                  NE                 NE               NE              D                  D          NE                      

Accounts Payable and Cash

3.                  NE                 NE               NE              NE (I and D)  NE      NE

Cash and Accounts Receivable

4.                 NE                  I                  D                NE                 I            D

Supplies Expenses and Accounts Payable

5.                 NE                 NE               NE              I/D                I            NE

Boat Purchased, Cash and Note Payable  

6.                 NE                NE                D              NE                 NE         D

Retained Earnings and Cash

Explanation:

a) Data and Transaction Analysis:

1. Accounts Receivable and Sales Revenue

2. Accounts Payable and Cash

3. Cash and Accounts Receivable

4. Supplies Expenses and Accounts Payable

5. Boat Purchased, Cash and Note Payable  

6. Retained Earnings and Cash

b)

Key:

I = increase

D = decrease

NE = no effect

No. 3 will increase the assets (cash) by the amount and decrease the assets (accounts receivable) by the same amount.  Overall, there will be no effect as the increase cancels the decrease equally.

During its first year of operations, Mack's Plumbing Supply Co. had sales of $580,000, wrote off $9,300 of accounts as uncollectible using the direct write-off method, and reported net income of $63,800. Determine what the net income would have been if the allowance method had been used, and the company estimated that 2.5% of sales would be uncollectible. $ fill in the blank 1

Answers

Answer: $58600

Explanation:

The net income that would have been if the allowance method had been used, and the company estimated that 2.5% of sales would be uncollectible will be calculated thus:

= Reported net income + Uncollectible - (Sales × % Uncollectible)

= $63800 + $9300 - ($580000 × 2.5%)

= $63800 + $9300 - $14500

= $58600

A researcher was interested in the relationship between the number of texts sent in a day and the number of e-mails sent in a day by employees at a certain company. Using 15 data values, a 90 percent confidence interval for the slope of a regression model was found to be (2.31, 3.47). The researcher claims that the interval would have been narrower with a different sample size if all other things remained the same. Which of the following sample sizes would make the researcher's claim NOT true?
A. 14
B. 16
C. 20
D. 30
E. 100

Answers

Answer:

A. 14

Explanation:

the researcher claims that the width of the interval would have been smaller if the sample had been different, and in this case different refers to larger. The original sample included only 15 people, so in order to increase the data sample, you must include more than 15 people. That is why 14 doesn't make sense.

University Printers has two service departments (Maintenance and Personnel) and two operating departments (Printing and Developing). Management has decided to allocate maintenance costs on the basis of machine-hours in each department and personnel costs on the basis of labor-hours worked by the employees in each. The following data appear in the company records for the current period:
Maintenance Personnel Printing Developing
Machine-hours — 1,800 1,800 5,400
Labor-hours 650 — 650 2,600
Department direct costs $4,000 $14,000 $15,900 $12,600
Required:
Use the direct method to allocate these service department costs to the operating departments. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations.)
Maintenance Personnel Printing Developing
service dept. costs
maintenance allocation
personnel allocation
total cost allocation

Answers

Answer:

Maintenance $0

Personnel $0

Printing $19,700

Developing $26,800

Explanation:

Calculation to allocate these service department costs to the operating departments Using the direct method

Particulars Allocation Basis Maintenance Personnel Printing Developing

Cost as per primary data

$4,000 $14,000 $15,900 $12,600

SERVICE DEPARTMENT COSTS:

Maintenance allocation (S)

$0 $0 $1,000 $3,000

Personnel allocation (S)

$0 $0 $2,800 $11,200

Total Costs Allocated

$0 $0 $19,700 $26,800

Computation for the allocation of costs:

Maintenance = $4,000 *1,800/(1,800+5,400)

Maintenance = $4,000 *1,800/7,200

Maintenance =$1,000

Personnel = $14,000 *650/650+2,600

Personnel=$14,000 *650/3,250

Personnel=$2,800

Maintenance = $4,000 *5,400/(1,800+5,400)

Maintenance = $4,000 *5,400/7,200

Maintenance = $3,000

Personnel = $14,000 *2,600/650+2,600

Personnel = $14,000 *2,600/3,250

Personnel = $11,200

Therefore allocation of these service department costs to the operating departments Using the direct method will be :

Maintenance $0

Personnel $0

Printing $19,700

Developing $26,800

Bismark Inc, a large manufacturer of heavy equipment components, has determined the following activity cost pools and cost driver levels for the year:
Activity Cost Pool Activity Cost Activity Cost Driver
Machine Setup $600,000 15,000 setup hours
Material handling 90,000 3,000 tons of materials
Machine operation 420,000 12,000 machine hours
The following data are for the production of single batches of two products, Camshafts and Swing Drives during the month of August:
Camshafts Swing Drives
Units produced 1,500 900
Machine hours 4 5
Direct labor hours 300 500
Direct labor cost $7,000 $12,000
Direct materials cost $40,000 $30,000
Tons of materials 10 7
Setup hours 5 8
Determine the unit costs of Camshafts and Swing Drives using ABC. Round answers to the nearest cent.
Camshafts $ _____
Swing Drives $_____

Answers

Answer:

Results are below.

Explanation:

First, we need to calculate the activities rates:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machine Setup= 600,000 / 15,000= $40 per setup hour

Material handling= 90,000 / 3,000= $30 per ton of material

Machine operation= 420,000 / 12,000= $35 per machine hour

Now, we can allocate costs to each product:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Camshafts:

Machine Setup= 40*5= $200

Material handling= 30*10= $300

Machine operation= 35*4= $140

Total allocated costs= $640

Swing Drives:

Machine Setup= 40*8= $320

Material handling= 30*7= $210

Machine operation= 35*5= $175

Total allocated costs= $705

Finally, the unitary cost:

Camshafts:

Total cost= 40,000 + 7,000 + 640= $47,640

Unitary cost= 47,640 / 1,500= $31.76

Swing Drives:

Total cost= 30,000 + 12,000 + 705= $42,705

Unitary cost= 42,705 / 900= $47.45

Kirnon Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting: Fixed element per month Variable element per client-visit Revenue - $ 39.10 Personnel expenses $ 35,100 $ 10.30 Medical supplies 1,100 7.10 Occupancy expenses 8,100 1.10 Administrative expenses 5,100 0.20 Total expenses $ 49,400 $ 18.70 The activity variance for net operating income in July would be closest to:

Answers

Answer:

$1,836 unfavorable

Explanation:

The computation of the activity variance for net operating income in July is shown below:

net income is

= $39.10 - $18.70

= $20.40

And, the difference in activity is

= 3,250 - 3,160

= 90    

Now the activity variance for net operating income is

= $20.40 × $90

= $1,836 unfavorable

Boss Company reported the following results for the year ended December 31, 2019, its first year of operations: 2019 Income (per books before income taxes) $ 1,500,000 Taxable income 2,500,000 The disparity between book income and taxable income is attributable to a temporary difference which will reverse in 2019. What should Boss record as a net deferred tax asset or liability for the year ended December 31, 2019, assuming that the enacted tax rates in effect are 40% in 2019 and 35% in 2020

Answers

Answer:

$350,000 deferred tax asset.

Explanation:

Calculation to determine What should Boss record as a net deferred tax asset or liability for the year ended December 31, 2019,

Using this formula

December 31, 2019 Net deferred tax asset or liability=Taxable income -2019 Income (per books before income taxes)

Let plug in the formula

December 31, 2019 Net deferred tax asset or liability=(2,500,000 - $ 1,500,000) × 35%

December 31, 2019 Net deferred tax asset or liability= $350,000 deferred tax asset.

Therefore what Boss should record as a net deferred tax asset for the year ended December 31, 2019 is $350,000

rede Company budgeted selling expenses of $30,600 in January, $34,500 in February, and $40,500 in March. Actual selling expenses were $31,700 in January, $34,080 in February, and $48,400 in March. The company considers any difference that is less than 5% of the budgeted amount to be immaterial. Prepare a selling expense report that compares budgeted and actual amounts by month and for the year to date.

Answers

Answer:

JANUARY

By month

$1,100 Unfavorable

Year-to-date

$1,100 Unfavorable

FEBRUARY

By month

$420 Favorable

Year-to-date

$680 Unfavorable

MARCH

By month

$7,900 Unfavorable

Year-to-date

$8,580 Unfavorable

Explanation:

Preparation of a selling expense report that compares budgeted and actual amounts by month and for the year to date

SELLING EXPENSE REPORT

JANUARY

By month

Budget Actual Difference

$30,600 -$31,700 =$1,100 Unfavorable

Year-to-date

Budget Actual Difference

$30,600-$31,700=$1,100 Unfavorable

FEBRUARY

By month

Budget Actual Difference

$34,500-$34,080=$420 Favorable

Year-to-date

Budget Actual Difference

$65,100-$65,780=$680 Unfavorable

($30,600+$34,500=$65,100)

($31,700+$34,080=$65,780)

MARCH

By month

Budget Actual Difference

$40,500-$48,400=$7,900 Unfavorable

Year-to-date

Budget Actual Difference

$105,600-$114,180=$8,580 Unfavorable

($65,100+$40,500=$105,600)

($65,780+$48,400=$114,180)

Patricia purchased a home on January 1, 2017 for $1,420,000 by making a down payment of $100,000 and financing the remaining $1,320,000 with a 30-year loan, secured by the residence, at 6 percent. During year 2017 and 2018, Patricia made interest-only payments on the loan of $79,200. What amount of the $79,200 interest expense Patricia paid during 2018 may she deduct as an itemized deduction

Answers

Answer: $60,000

Explanation:

The maximum amount deductible is based on a mortgage of $1,000,000 and the interest rate of the mortgage being paid.

Interest on $1,000,000 at 6% is:

= 6% * 1,000,000

= $60,000

Only $60,000 of the $79,200 may be deducted.

Clampett, Incorporated, has been an S corporation since its inception. On July 15, 2021, Clampett, Incorporated, distributed $42,500 to J.D. His basis in his Clampett, Incorporated, stock on January 1, 2021, was $36,000. For 2021, J.D. was allocated $11,800 of ordinary income from Clampett, Incorporated, and no separately stated items. How much capital gain does J.D. recognize related to Clampett, Incorporated, in 2021

Answers

Answer:

See bellw

Explanation:

Income of J.D related to Clampett = Ordinary income + Capital gain

Given that

Basis distribution = $42,500

Basis stock = $36,000

Ordinary = $11,800

But Capital gain = Basis distribution - (Basis stock + Ordinary income

= $42,500 - ($36,000 + $11,800)

= $42,500 - $47,800

= - $5,300

Therefore, J.D income related to Clampett

= Ordinary income + Capital gain

= $11,800 - $5,300

= $6,500

Fill in the missing numbers for the following income statement. (Input all amounts as positive values. Do not round intermediate calculations.)
Sales Costs Depreciation EBIT Taxes (22%) Net income 747,300 582,600 89,300
a. Calculate the OCF. (Do not round intermediate calculations.)
b. What is the depreciation tax shield? (Do not round intermediate calculations.)
a. OCF
b. Depreciation tax shield

Answers

Answer: See explanation

Explanation:

Sales = 747300

Less: Costs = 582600

Less: Depreciation = 89300

EBIT = 75400

Less: Taxes at 22% = 22% × 75400 = 16588

Net income = EBIT - Taxes = 75400 - 16588 = 58812

a. Calculate the OCF.

OCF will be calculated as:

= Net income + Depreciation

= 58812 + 89300

= 148,112

b. What is the depreciation tax shield?

Depreciation tax shield will be:

= Depreciation × Tax rate

= 89300 × 22%

= 89300 × 0.22

= 19646

Mongar Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below:

Original Budget Actual Costs
Variable overhead costs:
Supplies $7,980 $8,230
Indirect labor 29,820 29,610
Total variable manufacturing overhead cost $37,800 $37,840

The original budget was based on 4,200 machine-hours. The company actually worked 4,350 machine-hours during the month and the standard hours allowed for the actual output were 4,190 machine-hours. What was the overall variable overhead efficiency variance for the month?

a. $130 Unfavorable
b. $950 Favorable
c. $1,440 Unfavorable
d. $1,310 Favorable

Answers

Answer:

c. $1,440 Unfavorable

Explanation:

Variable overhead efficiency variance = (Standard hours - Actual working hours) * Standard Rate

Variable overhead efficiency variance = ($4,190 hours - $4,350 hours)*($37,800/4,200 hours)

Variable overhead efficiency variance = ($4,190 hours - $4,350 hours)*$9 per hour

Variable overhead efficiency variance = 160 hours*$9 per hour

Variable overhead efficiency variance = $1,440 Unfavorable

The Tradition Corporation is considering a change in its cash-only policy. The new terms would be net one period. The required return is 2.4 percent per period. Based on the following information, what is the break-even price per unit that should be charged under the new credit policy? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Current Policy New Policy ?
Price per unit $ 93 ?
Cost per unit $ 44 $ 44
Unit sales per month 2,675 2,750
X Answer is complete but not entirely correct.
Break-even price $ 92.87 x

Answers

Answer: $93.86

Explanation:

The break even price simply refers to the price that's required to make a normal profit. From the information given, the break even price will be:

= [($93-$44) × 2675)/2750) + 44] × ( 1 + 2.3%)

= [$49 × 2675)/2750)+44] × (1+0.024)

= [(49 × 2675)/2750)+44] × 1.024

= [(131075/2750) + 44] × 1.024

= (47.66 + 44) × 1.024

= 91.66 × 1.024

= $93.86

Therefore, the break even price is $93.86

The cashew industry is perfectly competitive and until now each of the identical firms in the industry have been earning zero economic profits while selling ay units of output each (for a combined industry-wide total of qy units) at a market equilibrium price of P1 per unit. An unexpected increase in the demand for cashews raises the market equilibrium price to P2, which creates a situation in which P2 exceeds MC at 91 units of output.
a. If the firms continued producing 91 units each, would their combined output of cashews be too little, too much, or just right to achieve allocative efficiency?
i. Just right
ii. Too much
iii. Too little
b. In the long run, what will happen to the supply of cashews and the price of cashews?
i. The industry's supply of cashews will exceed Q1 and the price of cashews will equal P1.
ii. The industry's supply of cashews will be less than Q1 and the price of cashews will be less than P1.
iii. The industry's supply of cashews will equal Q1 and the price of cashews will equal P2.
iv. The industry's supply of cashews will exceed Q1 and the price of cashews will equal P2.

Answers

Answer:

a. iii. Too little

b. i. The industry's supply of cashews will exceed Q1 and the price of cashews will equal P1.

Explanation:

Allocative efficiency refers to the point in production where Marginal Revenue equals Marginal cost. As this is a perfectly competitive market, marginal revenue is the same as price which as shown in the question, exceeds Marginal cost. The firms are therefore producing too little to achieve allocative efficiency and need to produce more to make price and marginal cost equal.

In the long run, the firms will produce more such that supply would exceed the original quantity supplied of Q1. This will lead to the price falling back to P1 as there is now less scarcity.

1. Caleb owns a used book shop, charging $8 for each used book that he sells. It costs him $3.50 for each used book and $0.16 per bag. In addition, he spends $1150 on rent, $92 on electricity, and $2240 on labor costs each month. Analyze Caleb's business by answering the following questions. (5 points: Part I - 1 point; Part II - 1 point; Part III - 1 point; Part IV - 1 point; Part V - 1 point) Part I: What is Caleb's unit cost per used book that he sells

Answers

Answer: $3.66 per book

Explanation:

Every book that Caleb sells costs him $3.50 and he puts it in a bag that costs $0.16.

Units cost per used book is therefore:

= Unit cost of book + bag cost

= 3.50 + 0.16

= $3.66 per book

Harlen Company is involved in a competitive bidding situation. The following costs are anticipated for a project to be bid with the City of Crimson:
Direct material $340,000
Direct labor 610,000
Allocated variable overhead 420,000
Allocated fixed cost 110,000
Which of the following cost figures should be used in setting a minimum bid price if Harlen has excess capacity?
A. $530,000.
B. $950,000.
C. $1,370,000.
D. $1,480,000.
E. None of the answers is correct.

Answers

Answer:

C. $1,370,000

Explanation:

Calculation to determine the cost figures that should be used in setting a minimum bid price if Harlen has excess capacity

Direct material $340,000

Direct labor $610,000

Allocated variable overhead $420,000

Minimum bid price $1,370,000

($340,000+$610,000+$420,000)

Therefore the cost figures that should be used in setting a minimum bid price if Harlen has excess capacity is $1,370,000

At year-end, Yates Company estimates that $1,500 of its accounts receivable balance is uncollectible. Yates uses the allowance method to account for bad debts. The entry to record this adjusting entry would include a: Multiple choice question. debit to Allowance for Doubtful Accounts and credit to Bad Debts Expense debit to Accounts Receivable and credit to Bad Debts Expense debit to Bad Debts Expense and credit to Accounts Receivable debit to Bad Debts Expense and credit to Allowance for Doubtful Accounts

Answers

Answer:

debit to Bad Debts Expense and credit to Allowance for Doubtful Accounts

Explanation:

The journal entry needed to record the adjusting entry by using the allowance method is given below:

Bad debt expense    

                 To Allowance for doubtful debts

(Being bad debt expense is recorded)

Here the bad debt expense is debited as it increased the expense and credit the allowance as it decreased the assets

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