Karla makes a pitch to her supervisor about changing their company's stance on recycling but finds out after the pitch meeting that her supervisor was already considering a change to the recycling policy. Which component of advocacy did Karla fail to consider

Answers

Answer 1

Answer:

Knowing the supervisor's knowledge

Explanation:

In making a pitch about a particular idea it is important to to follow the steps of advocacy in order to effectively promote the idea and get a positive result.

In the given scenario Karla makes a pitch to her supervisor about changing their company's stance on recycling.

The steps to follow are:

- identify a challenge or opportunity

- determine your audience

- find out what they already know or perceive

- determine how receptive they are

- establish objectives for the audience

- define points for the audience

- determine channel of communication

- decide on needed resources

- set timelines for activities

- evaluate success

Karla did not know her supervisor was already considering a change to the recycling policy.

So she failed to determine her Supervisor's knowledge of the situation.

Answer 2

The component of advocacy that Karla has failed to consider here is the supervisors knowledge.

She made a pitch about the issue without finding out if the supervisor already had a prior knowledge to what was happening.

This would have made her to make her case in a different way. The principle of advocacy is done with the aim of promoting a cause or interests of certain people.

She did not consider that the pitch she was making had already been dealt with by the supervisor she was giving it to.

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Related Questions

The estimated factory overhead cost for a Co. is $1750000 for the year. Direct labor hours are estimated to be 500000. Determine: SHOW ALL WORK a. Predetermined factory overhead rate. $ b. Determine the factory overhead applied assume the actual direct labor hours for Job 50 was. 20000 and for J0b 51 was 24000 . c. Determine the balance in the factory overhead account assuming that the actual cost incurred was $153000. d. Over or under-applied

Answers

Answer:

Results are below.

Explanation:

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

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

Predetermined manufacturing overhead rate= 1,750,000 / 500,000

Predetermined manufacturing overhead rate= $3.5 per direct labor hour

Now, we can allocate overhead to Job 50 and 51:

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

Job 50:

Allocated MOH= 3.5*20,000

Allocated MOH= $70,000

Job 51:

Allocated MOH= 3.5*24,000

Allocated MOH= $84,000

Finally, the under/over applied overhead:

(We weren't provided with enough information)

Under/over applied overhead= real overhead - allocated overhead

Tyra loves to shop at her favorite​ store, Dollar​ Barrel, where she can find hundreds of items priced at exactly​ $1. Tyra has to spend and is thinking of going on a shopping spree at Dollar​ Barrel, but she is also thinking of investing her money.
a. Suppose the expected rate of inflation is ​% ​(so next​ year, everything at Dollar Barrel will cost​ $1.01) and Tyra can earn on money that she invests. Approximately what real rate of interest could Tyra earn if she invests her​ money? How many items can she buy at Dollar Barrel​ today, and how many can she buy a year from now if she invests her money and goes shopping​ later? What is the percentage increase in​ Tyra's purchasing power if she waits a year to go​ shopping? Compare your answer to the approximate real interest rate on​ Tyra's investment.
b. Now suppose that the expected inflation rate is ​% and Tyra can earn ​% on money that she invests over the year. What is the approximate real rate of interest that Tyra will​ earn? Calculate the number of items that Tyra could buy next year from Dollar Barrel if she invests her​ money? What is the percentage increase in her purchasing power if she waits a year to go​ shopping? Relate your answer back to​ Tyra's real rate of return.

Answers

Answer:

$40 will go towards Margaret shopping spree

Explanation:

Hayword, Inc. uses weighted-average costing and has two departments and has provided data related to its mixing department for the month of July. The Controller has asked you prepare a cost reconciliation report and provide the related computations. Use the information included in the Excel Simulation and the Excel functions described below to complete the task.
1 Hayword, Inc. uses weighted-average costing and has two departments - mixing and packaging 2 The following information relates to work in the mixing department for the month of July: 4 Work in process, July 1: 5 Units in process 6 Percent completed with respect to materials 7 Percent completed with respect to conversion 8 Cost in the beginning inventory: 9 Materials cost 10 Conversion cost 11 Units started into production during the period 12 Costs added to production during the period 13 Materials cost 14 Conversion cost 15 Work in process, July 31: 16 Units in process 17 Percent completed with respect to materials 18 Percent completed with respect to conversion 19 20 Use the data to answer the following 21 22 1. Compute equivalent units. 23 24 25 26 Units transferred to the next department 27 Ending work in process: 28 Materials 29 Conversion 30 Equivalent units of production 31 300 60% 40% $10,500 $6,750 6,200 $330,912 $406,408 450 40% 30% Mixing Department Equivalent Units of Production Materials Conversion

Answers

Answer:

Hayword, Inc.

Cost Reconciliation Report

Costs to be accounted for:

Cost in the beginning inventory        $17,250

Units started during the period        737,320

Total cost of production                 $754,570

Costs accounted for:

Units transferred out                    $735,680

Ending inventory                              $18,882

Total assigned costs                  $$754,562

Difference due to approximations = $8

Explanation:

a) Data and Calculations:

Work in process, July 1:

Units in process = 300

Percent completed with respect to materials = 60%

Percent completed with respect to conversion = 40%

Cost in the beginning inventory:

Materials cost = $10,500

Conversion cost = $6,750

Units started during the period = 6,200

Costs added during the period:

Material costs = $330,912

Conversion costs = $406,408

Work in process, July 31 = 450 units

Percent completed with respect to materials =  40%

Percent completed with respect to conversion 30%

                                                       Units

Beginning inventory                       300

Units started during the period  6,200          

Total units under production      6,500

Ending inventory                            450

Units transferred out                  6,050

Cost of production:

                                                      Materials cost   Conversion cost   Total

Cost in the beginning inventory       $10,500               $6,750       $17,250

Units started during the period         330,912             406,408      737,320

Total cost of production                   $341,412             $413,158   $754,570

Equivalent Units:

                                                       Units   Materials         Conversion

Units transferred out                  6,050    6,050 (100%)   6,050 (100%)

Ending inventory                            450        180 (40%)         135 (30%)

Total equivalent units of production       6,230                6,185

Cost per equivalent unit:

                                                     Materials         Conversion

Total cost of production              $341,412             $413,158

Total equivalent units                      6,230                   6,185

Cost per equivalent unit               $54.80                $66.80

Cost assigned to:

                                                     Materials         Conversion         Total

Units transferred out                  $331,540           $404,140       $735,680

                                        (6,050 * $54.80)  (6,050 * $66.80)

Ending inventory                              9,864                  9,018          $18,882

                                           (180 * $54.80)     (135 * $66.80)

Total assigned costs                  $341,404            $413,158       $754,562

mike has $200 in his wallet. He pays a cell phone bill of $89.50. Then he earns $125 shoveling driveways. From mike lends $15 to friend. That night he gets $20 in a card for his birthday. How much money does he have now?

Answers

Answer:

$240.50

Explanation:

200-89.50 = 110.50

110.50+125 = 235.50

235.50-15 = 220.50

220.50 + 20 = 240.50

Which set of items appears on the loan estimate

Answers

Need more information for me to answer
Answer: interest rate, estimated monthly payment, estimated cash to close.

I hope this helped

Choose all the scenarios below that would cause a decrease in the supply of labor in the agricultural industry.

a. More women are entering the workforce in all industries in the United States.
b. As the population in the United States ages, fewer workers have the physical ability to work in the industry.
c. As the economy expands, so does the need for janitors and cleaning staff employees, causing the wage for nonskilled workers in the cleaning industry to rise.
d. Due to global warming, working conditions on farms have become undesirable for more and more people.
e. The adoption of strict immigration laws reduces the number of legal and illegal immigrants in the United States.
f. There is an increase in the use of biofuels in the United States, which drives up the demand for corn and soybean crops.
g. The government passed a new plan to provide government-funded health care for all workers in the agricultural industry.
h. New machinery is replacing workers in the harvesting of crops.

Answers

Answer:

b. As the population in the United States ages, fewer workers have the physical ability to work in the industry.d. Due to global warming, working conditions on farms have become undesirable for more and more people.e. The adoption of strict immigration laws reduces the number of legal and illegal immigrants in the United States.h. New machinery is replacing workers in the harvesting of crops.

Explanation:

With workers getting older and being unable to be as productive as they used to be, they will have to drop out of industries that require physical strength including farming. This will therefore reduce people working in agriculture.

With global warming having made working in the fields much more harsh, people are avoiding careers that would keep them outdoors including farming which has led to a drop in the labor supply for agriculture.

A significant portion of workers in agriculture are immigrants so when immigration laws limit the number of immigrants coming in, labor supply in agriculture will reduce.

New machinery reduces the need for workers in agriculture so the more they are bought, the less workers are needed. This will therefore directly reduce the number of people working in agriculture.

Vanessa and Martin file a joint return for 2020. They have one child age 12. They have combined AGI of $202,000. What is their maximum permitted contribution to a Coverdell Education Savings Account for 2019?
a. $0.
b. $800.
c. $1,200.
d. $2,000.

Answers

Answer:

Their maximum permitted contribution to a Coverdell Education Savings Account for 2019 is $1,200 that is Option c.

Explanation:

[tex]=\frac{202000-190000}{30000} \\= 0.40(2000)[/tex]

= $800 is disallowed.

So, $1200 is allowed.

Big Blue University has a fiscal year that ends on June 30. The 2019 summer session of the university runs from June 7 through July 27. Total tuition paid by students for the summer session amounted to $111,000. Required: a. How much revenue should be reflected in the fiscal year ended June 30, 2019

Answers

Answer:

The amount of revenue that should be reflected in the fiscal year ended June 30, 2019 is $52,235.29.

Explanation:

Number of days from June 7 to June 30 = 30 - 6 = 24 days

Number of days from July 1 to July 27 = 27 days

Total number of days for the summer session = Number of days from June 7 to June 30 + Number of days from July 1 to July 27 = 24 + 27 = 51

Total tuition paid for the summer session = $111,000

Amount to be reflected in the fiscal year ended June 30 = (Number of days from June 7 to June 30 / Total number of days for the summer session) * Total tuition paid for the summer session = (24 / 51) * $111,000 = $52,235.29

Therefore, the amount of revenue that should be reflected in the fiscal year ended June 30, 2019 is $52,235.29.

Collins Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The following information applies to the Collins Corporation for the current year: Direct Labor-Hours: Estimated for the Year 24,000 Actual Hours Worked 19,500 Direct Labor Cost Estimated for the Year 300,000 Actual Cost Incurred 210,000 Manufacturing Overhead Estimated for the Year 240,000 Actual Cost Incurred 185,000 Beginning Balance Ending Balance Raw Materials 14,000 22,000 Work in Process 27,000 9,000 Finished Goods 62,000 77,000 The manufacturing overhead cost for the current year will be: a. $17,000 overallocated. b. $17,000 underallocated. c. $55,000 overallocated. d. $55,000 underallocated.

Answers

Answer:

b. $17,000 underallocated

Explanation:

Given the information above, the computation of manufacturing overhead cost for the current year is seen below;

First, we will compute the predetermined overhead cost

= Estimated manufacturing overhead / Estimated direct labor hour

Your goal is to have $10,000 in your bank account by the end of twelve years. If the interest rate remains constant at 9% and you want to make annual identical deposits, what amount will you have to deposit into your account at the end of each year to reach your goal

Answers

Answer:

Annual deposit= $496.51

Explanation:

Giving the following information:

Future value (FV)= $10,000

Interest rate (i)= 9%

Number of periods (n)= 12 years

To calculate the annual deposit, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (10,000*0.09) / [(1.09^12) - 1]

A= $496.51

In order to produce a new product, a firm must lease equipment at a cost of $100,000 per year. The managers feel that they can sell 50,000 units per year at a price of $75. What is the highest variable cost that will allow the firm to at least break even on this project

Answers

Answer:

$73 = unitary variable cost

Explanation:

To calculate the unitary variable cost that will yield the break-even point, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

50,000= 100,000 / (75 - unitary variable cost)

3,750,000 - 50,000unitary variable cost= 100,000

3,650,000 = 50,000unitary variable cost

$73 = unitary variable cost

does the business generate sufficient profits​

Answers

Answer:

Yes.

Explanation:

Yes, the business generate sufficient profits​ which provides benefits to the owner as well as to the country because the money that the business produce is used for running of state or country. The profit that the business earned by a company enhance the economy of the country by selling of goods or providing services and this money is used for the welfare and prosperity of people.

_____ is the quantity of a good or service that people are willing to buy at various prices. Group of answer choices Capacity Market share Market potential Supply Demand

Answers

Answer:

Demand

Explanation:

Demand is the total quantity of a good or service that people are willing to buy at various prices

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

So, at higher prices, demand would be lower than at lower prices

You accept a new job with a starting salary of $53,000. You receive a 4% raise at the start of your second year, a 5.5% raise at the start of your third year, and an 11.1% raise at the start of your fourth year. (Round your answers to two decimal places.)

Answers

Answer:

a. Salary for the second year:

Salary is to increase by 4% in second year.

= 53,000 * (1 + 4%)

= $55,120

b. Third year salary:

Second year salary will increase by 5.5%

= 55,120 * (1 + 5.5%)

= $58,151.60

c. Fourth year salary:

Third year salary to increase by 11.1%

= 58,151.60 * (1 + 11.1%)

= $64,606.43

How would you explain to a skeptical bank manager why the socially optimal number of bank robberies is not zero

Answers

Answer:

The socially optimal number of bank robberies is not equal zero because due to the presence or the possibility of robberies in Banks, some industries will be sustained and such industries are ; Security agencies and their personnel , Insurance companies, Vault designing and manufacturing firms.

Explanation:

A socially optimal quantity of a good or service is the quantity of a good or service that is beneficial to the society ( i.e. to other industries related directly or indirectly to the good or service )

The socially optimal number of bank robberies is not equal zero because due to the presence or the possibility of robberies in Banks, some industries will be sustained and such industries are ; Security agencies and their personnel , Insurance companies, Vault designing and manufacturing firms.

Hence if the socially optimal number of bank robberies equals zero the aforementioned industries will be out of business

Two alternatives for a construction project are being considered. Both projects have a 5-year life. Alternative A's initial cost is $2,260 and yields $355 annually for 5 years. Alternative B initially costs $5500 and yields $1,250 annually for 5 years. The rate of return on the difference between the alternatives is approximately

Answers

Answer:

The rate of return on the difference between the alternatives is approximately 38.12%.

Explanation:

Alternative A's initial cost = $2,260

Alternative A's total yields for 5 years = $355 * 5 = $1,775

Alternative B's initial cost = $5,500

Alternative B's total yields for 5 years = $1,250 * 5 = $6,250

Difference between initial costs of A and B = Alternative B's initial cost - Alternative B's initial cost = $5,500 - $2,260 = $3,240

Difference between total yields for 5 years of A and B = Alternative B's total yields for 5 years - Alternative A's total yields for 5 years = $6,250 - $1,775 = $4,475

Rate of return on the difference between the alternatives = (Difference between total yields for 5 years of A and B - Difference between initial costs of A and B) / Difference between initial costs of A and B = ($4,475 - $3,240) / $3,240 = 0.3812, or 38.12%

Therefore, the rate of return on the difference between the alternatives is approximately 38.12%.

When using email to request action, the subject line should be as vague as possible.

Question 7 options:
True
False

Answers

Answer:

False

Explanation:

When using an email to request an action the subject line should be brief but specific. Leaving a vague subject line can often confuse another, however, making the subject line too lengthy and specific defeats the purpose. The best subject lines are brief but give a general idea of what the email contains.

Answer:

False

Explanation:

To email someone to request action, you can't be vague or you might not get what you exactly want from that person.

plz help me i cant fail this class

Answers

Don’t click on links people send on Brainly it’s a virus

The trial balance of Beautiful Tots Child Care does not balance.
BEAUTIFUL TOTS CHILD CARE
Trial Balance August 31, 2018
Balance
Account Title Debit Credit
Cash 7,900
Accounts Receivable 6,700
Office Supplies 1,000
Prepaid Insurance 300
Equipment 91,500
Accounts Payable 3,400
Notes Payable 45,000
Common stock 57,000
Dividends 5000
Service Revenue 12,350
Salaries Expense 4,400
Rent Expense 750
Total 117,550 S117,750
The following errors are detected:
a. Cash is understated by $1,500.
b. A $4,100 debit to Accounts Receivable was posted as a credit.
c. A $1,400 purchase of office supplies on account was neither journalized nor posted.
d. Equipment was incorrectly transferred from the ledger as $91,500. It should have been transferred as $83,000.
e. Salaries Expense is overstated by $700.
f. A $300 cash payment for advertising expense was neither journalized nor posted.
g. A $200 cash dividend was incorrectly journalized as $2,000.
h. Service Revenue was understated by $4,100.
i. A 12-month insurance policy was posted as a $1,900 credit to Prepaid Insurance.
Cash was posted correctly.
Prepare the corrected trial balance as of August 31, 2018. Journal entries are not required.

Answers

Answer:

                      Corrected Trial Balance

Particulars                                  Debit          Credit

Cash                                          $10,900

Account receivable                  $14900                        (6700+8200)

Office supplies                         $2400                          (1000+1400)

Prepaid insurance                    $4100                           (300+3800)

Equipment                                $83000

Account payable                                           $4800      (3400+1400)

Notes payable                                               $45000

Trumball common stock                               $57000

Trumball dividend                    $3200                          (5000+200-2000)

Service revenue                                             $16450    (12350+4100)

Salaries expense                     $3700                            (4400-700)

Rent expense                           $750

Advertising expense               $300                          

Total                                         $123,250       $123,250

Younes Inc. manufactures industrial components. One of its products, which is used in the construction of industrial air conditioners, is known as P06. Data concerning this product are given below: Per Unit Selling price $ 220 Direct materials $ 38 Direct labor $ 1 Variable manufacturing overhead $ 8 Fixed manufacturing overhead $ 16 Variable selling expense $ 4 Fixed selling and administrative expense $ 16 The above per unit data are based on annual production of 4,000 units of the component. Assume that direct labor is a variable cost. What is the current contribution margin per unit for component P06 based on its selling price of $220 and its annual production of 4,000 units

Answers

Answer:

Contribution margin= $169

Explanation:

First, we need to calculate the total unitary variable cost:

total unitary variable cost= direct material + direct labor + variable overhead + variable selling expense

total unitary variable cost= 38 + 1 + 8 + 4

total unitary variable cost= $51

Now, the contribution margin:

Contribution margin= 220 - 51

Contribution margin= $169

Your Company is considering a new project that will require $100,000 of new equipment at the start of the project. The equipment will have a depreciable life of 10 years and will be depreciated to a book value of $5,000 using straight-line depreciation. The cost of capital is 14%, and the firm's tax rate is 30%. Estimate the present value of the tax benefits from depreciation.

Answers

Answer:

14865.93

Explanation:

Calculation to Estimate the present value of the tax benefits from depreciation.

First step is to calculate the Annual depreciation expense

Annual depreciation expense = [100000 - 5000]/10

Annual depreciation expense = 9500

Second step is to calculate the Tax benefit

Tax benefit = 9500(.30)

Tax benefit = 2850

Now let calculate the PV of tax benefit

Using financial calculator

PMT = 2850

FV = 0

N = 10

i = 14

PV=?

Hence

PV = 14865.93

Therefore the present value of the tax benefits from depreciation is 14865.93

examine the value of interactive leadership in the public sector and demonstrate its capacity to empower the followers​

Answers

The correct answer to this open question is the following.

The value of interactive leadership in the public sector can be seen in the efficiency and effectiveness of the work done by the cabinet of the executive branch. Many different departments and public offices are managed using interactive leadership, informing employers of what needs to be done and the reason why.

Interactive leadership has the capacity to empower employers because it maintains open lines of communication, informing about key activities that need to be done, ​clarifying goals, establishing strategies, and facilitating the tools to perform and be effective.

The public sector is comprised of what is known as the bureaucracy, and in order to coordinate and lead this public sector, leaders have to properly interact with employers. These employers can openly and honestly express their concerns and opinions to the leader, who takes into consideration this input. The great advantage of using interacting leadership is that people know what is expected of them.

You must complete parts 1, 2, 3, 4, 6, 7 and 8 before attempting to complete part 9. Part 5 is optional.
Journalize the closing entries. Then post the journal to the general ledger you created in part 1. Indicate closed accounts by inserting a line in both the balance columns opposite the closing entry. Insert the new balance in the owner's capital account.
If an amount box does not require an entry, leave it blank.

Answers

Answer:

Sales (Dr.) $45,000

Income Summary (Cr.) $45,000

Income summary (Dr.) $63,900

Advertising Expense (Cr.) $1,200

Rent expense (Cr.) $5,600

Office Supplies Cost (Cr.) $9,800

Insurance Expense (Cr.) $7,000

Sales Returns (Cr.) $2,900

Interest Expense (Cr.) $3,200

Cost of Goods sold (Cr.) $27,500

Selling and administrative expense (Cr.) $6,700

Income Summary (Dr.) $250,000

Capital investment (Cr.) $ 250,000

Explanation:

Closing entries are prepared to close business transactions that occurred during the month. These transactions are closed with a contra account of Income Summary. All debit balance are credited with a debit of Income summary account and vice versa. the temporary account balances are reset to zero after closing entries are passed.

Sandhill Inc. acquired 10% of the 420,000 shares of common stock of Schuberger Corporation at a total cost of $15 per share on June 17, 2020. On September 3, Schuberger declared and paid a $120,000 dividend. On December 31, Schuberger reported net income of $512,000 for the year. (b) Wen Corporation obtained significant influence over Hunsaker Company by buying 30% of Hunsaker’s 112,000 outstanding shares of common stock at a cost of $18 per share on January 1, 2017. On May 15, Hunsaker declared and paid a cash dividend of $112,000. On December 31, Hunsaker reported net income of $212,000 for the year.

Required:
Prepare all necessary journal entries for 2017 for (a) Edelman and (b) Wen.

Answers

Answer:Please see explantion colmn for answers

Explanation:

A) Journal entry for Edelman

Date   Account Titles and explanation      Debit             Credit

June 17        Stock investment              $630,000

                      Cash                                                             $630,000

Calculation

Stock Investment  =420,000 x $15 x 10% =    $630,000

Date   Account Titles and explanation      Debit             Credit

Sept 3     Cash                                             $12,000  

               Dividend revenue                                                    $12,000

Calculation

Dividend revenue =$120,000  x 10%  =$12,000

Date   Account Titles and explanation      Debit                Credit

Dec 31        Stock investment              $51,200

                    Investment revenue                                      $51,200

 

Calculation

Investment Revenue =(512,000 x 10%) = 51,200

 

B) Journal entry for Wen

Date   Account Titles and explanation      Debit             Credit

Jan 1        Stock investment              $604,800

                      Cash                                                             $604,800

Calculation

Stock Investment  =112,000 x $18 x 30% =    $604,800

Date   Account Titles and explanation      Debit             Credit

May 15        Cash                               $33,600

                  Dividend revenue                                              $33,600

Calculation

Dividend revenue  =112,000 x 30% =    $33,600

Date   Account Titles and explanation      Debit             Credit

Dec 31        Stock investment              $63,600

                   Investment revenue                                               $63,600

Calculation

Stock Investment  =212,000 x 30% = $63,600

A company purchased land for its natural resources at a cost of $1,500,000. It expects to mine 2,000,000 tons of ore from this land. The residual value of the land is estimated to be $250,000. What is the amount of depletion per ton of ore

Answers

Answer:

$0.625

Explanation:

Depletion expense per ton of ore = (Cost of the asset - Salvage value) / Number of units

Depletion expense per ton of ore = ($1500000 - $250000) / 2000000

Depletion expense per ton of ore = $1250000 / 2000000 units

Depletion expense per ton of ore = $0.625

So, the amount of depletion expenses per ton of ore is $0.625.

Preferred stock issued in exchange for land would be reported in the statement of cash flows in Group of answer choices the cash flows from financing activities section the cash flows from investing activities section a separate schedule the cash flows from operating activities section

Answers

Answer: a separate schedule

Explanation:

Preferred stock, are referred to as the shares of the stock of a company whereby the dividends are paid out to the preference shareholders before the common stock dividends are issued.

It should be noted that the preferred stock which is issued in exchange for the land will be reported in the statement of cash flows in a separate schedule.

The ending retained earnings balance of Juan's Mexican Restaurant chain increased by $6.9 million from the beginning of the year. The company declared a dividend of $2.4 million during the year. What was the amount of net income during the year

Answers

Answer:

the amount of net income during the year is $9.3 million

Explanation:

The computation of the net income is shown below:

= Increased in the retained earnings + dividend declared

= $6.9 million + $2.4 million

= $9.3 million

Hence, the amount of net income during the year is $9.3 million

The same should be considered and relevant

A restaurant chain sponsors a charity that provides support to the parents of children being treated for cancer. How would the use of company funds for this purpose be justified by a business whose goal is to maximize profit

Answers

Answer: The money spent is worth the boost it gives to the corporate image

Explanation:

Corporate social responsibility gives companies a good image and can help a company improve its brand and revenue.

Since the restaurant chain sponsors a charity that provides support to the parents of children being treated for cancer, the use of the funds of the company will be justified when the money that's spent is worth the boost it gives to the corporate image.

The retained earnings balance was $22,900 on January 1. Net income for the year was $18,100. If retained earnings had a credit balance of $23,800 after closing entries were made for the year, and if additional stock of $5,200 was issued during the year, what was the amount of dividends declared during the year

Answers

Answer:

$17,200

Explanation:

Calculation to determine what was the amount of dividends declared during the year

Beginning retained earnings + Net income - Dividends = Ending retained earnings.

$22,900 + $18,100 - Dividends = $23,800

Dividends=$41,000-$23,800

Dividends = $17,200

Therefore the amount of dividends declared during the year is $17,200

On the first day of the fiscal year, Hawthorne Company obtained an $88,000, 7-year, 5% installment note from Sea Side Bank. The note requires annual payments of $15,208, with the first payment occurring on the last day of the fiscal year. The first payment consists of interest of $4,400 and principal repayment of $10,808. The journal entry Hawthorne would record to make the first annual payment due on the note would include a Group of answer choices debit to cash for $15,208 credit to notes payable for $10,808 debit to interest expense for $4,400 debit to notes payable for $15,208

Answers

Answer:

Debit to interest expense for $4400

Explanation:

Based on the information given we were told that the FIRST PAYMENT consists of INTEREST of the amount of $4,400 which means that The Appropriate journal entry Hawthorne would record to make the FIRST ANNUAL PAYMENT due on the note would include a DEBIT TO INTEREST EXPENSE FOR $4400.

Debit to interest expense for $4400

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