Answer:
a. Color printing materials.
Classify of activity costs: Batch or unit-level
b. Photocopy paper.
Classify of activity costs: Unit-level
c. Depreciation of machinery.
Classify of activity costs: Unit-level
d. Setups for enlargements.
Classify of activity costs: Batch or unit-level
e. Supervisor's salary.
Classify of activity costs: Facility-level
f. Ordering materials.
Classify of activity costs: Batch or product-level
g. Pickup and delivery.
Classify of activity costs: Batch or product-level
h. Commission to dealers.
Classify of activity costs: Unit-level
i. Insurance on building.
Classify of activity costs: Facility-level
j. Loading developing machines.
Classify of activity costs: Batch-level
Classification of activity costs of Kwik Pix as either unit-level, batch-level, product-level, or facility-level is:
Activity cost: Color printing materialsActivity costs level: Unit-levelClassification of activity costa. Activity cost: Color printing materials.]
Activity costs level: Unit-level
b. Activity cost: Photocopy paper.
Activity costs level: Unit-level
c. Activity cost: Depreciation of machinery.
Activity costs level: Unit-level
d. Activity cost: Setups for enlargements.
Activity costs level: Batch or unit-level
e. Activity cost: Supervisor's salary.
Activity costs level: Facility-level
f. Activity cost: Ordering materials.
Activity costs level: Batch or product-level
g. Activity cost: Pickup and delivery.
Activity costs level: Batch or product-level
h. Activity cost: Commission to dealers.
Activity costs level: Unit-level
Inconclusion classification of activity costs of Kwik Pix as either unit-level, batch-level, product-level, or facility-level is: Activity cost: Color printing materials; Activity costs level: Unit-level.
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You have just finished analyzing data for a marketing project. Before moving forward, you share your results with members of the marketing team to see if they might have additional insights into the business problem. What practice does this support?
Answer:
Data-driven decision-making
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.
In this scenario, the practice supports data-driven decision-making because the researcher shared his or her results with members of the marketing team to see if they might have additional insights into the business problem
The additional planning that may be done after sharing this data with the organization might be helpful in contributing towards the growth of the organization. This process is referred to as Data-backed planning.
Data backed planning can be used to hamper the growth of the organization in a positive way by using numbers that can help analyzing and discussing new strategies by the management.
Data is considered to be an important source of analysis which is purely backed by performance, not in efficiency, but in numbers. Data backed research also helps identifying the problem with one single area.If there is a decline in sales only due to one buyer, it can be denoted by his name, say Mr. A and will also let the organization identify and focus more on the core problem rather than worrying about entire sales.Data backed planning gives results in absolute numbers and is not based on the efficiency in the performance. However the efficiency can be determined based on numbers.Hence, the above statement denotes that the data backed analysis is a process based on the sharing the data of business insights with marketing team to help improve the inner side of the business.
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A survey of 385 people who like wild sweaters found that 74% had a wild holiday sweater. What is the population and what is the sample?
Answer:
385
Explanation:
because it says 385
In a situation where a survey of 385 people who like wild sweaters found that 74% had a wild holiday sweater, the population as well as the sample will be 385. Therefore, the option C holds true.
What is the significance of a sample?A sample can be referred to or considered as a set of units that are taken into consideration for interpreting a data for bigger number of available observations. Sampling method is considered as an ideal option for surveys to save time and efforts.
In the condition given above, a survey included 385 people out of the total population of the survey, however, the 385 people are just the samples for saving time and effort. The actual results for bigger representation will also be closer to 74%.
Therefore, the option C holds true and states regarding the significance of a sample.
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The missing options for the incomplete question have been added below for better reference.
A survey of 385 people who like wild sweaters found that 74% had a wild holiday sweater. What is the population and what is the sample?
A. 96
B. 289
C. 385
D. 74
MC Qu. 88 Hayes Inc. provided the following information... Hayes Inc. provided the following information for the current year: Beginning inventory 230units Units produced 880units Units sold 934units Selling price$280/unit Direct materials$48/unit Direct labor$29/unit Variable manufacturing overhead$28/unit Fixed manufacturing overhead$39,600/yr Variable selling/administrative costs$21/unit Fixed selling/administrative costs$28,500/yr What is the unit product cost for the year using variable costing
Answer:
Unit product cost= $105
Explanation:
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
Unit product cost= direct material + direct labor + variable overhead
Direct materials$48/unit
Direct labor$29/unit
Variable manufacturing overhead$28/unit
Unit product cost= 48 + 29 + 28
Unit product cost= $105
Tinker Company reported sales revenue of $500,000 and total expenses of $450,000 (including depreciation) for the year ended December 31, 2010. During 2010, accounts receivable decreased by $5,000, merchandise inventory increased by $4,000, accounts payable increased by $6,000, and depreciation expense of $10,000 was recorded. Assuming no other data is needed and using the indirect method, the net cash inflow from operating activities for 2010 was:
Answer:
Net Cash inflow from operating activities $67,000
Explanation:
The computation of the net cash flow from operating activities is shown below:
Net Income ($500,000 - $450,000) $50,000
Add: Depreciation $10,000
Add: Decrease in account receivable $5,000
Less: Increase in inventory ($4,000)
Add: Increase in account payable $6,000
Net Cash inflow from operating activities $67,000
A moving average of stock prices _________________.A. always lies above the most recent priceB. always lies below the most recent priceC. is less volatile than the actual pricesD. is more volatile than the actual prices
Answer:
The correct option is C. is less volatile than the actual prices.
Explanation:
A moving average is a data-analysis approach that calculates the averages of distinct subsets of the complete data set. The purpose of determining a stock's moving average is to smooth out price data by creating an average price that is constantly updated.
Therefore, the moving average reduces the impact of random, short-term fluctuations on the price of a stock over a given time frame. This makes the moving average of stock prices be less volatile than the actual prices.
Therefore, the correct option is C. is less volatile than the actual prices.
To be eligible for business deductions, your business must make a profit in any __________ years of a __________-year period.
a. 2,4 b. 3,5 c. 2,3 d. 2,5
This completes Exam 3 and
Answer:
To be eligible for business deductions, your business must make a profit in any __________ years of a __________-year period.
b. 3,5
Explanation:
The IRS safe harbor rule states that a business must make a profit in 3 out of 5 consecutive years to be regarded as a business that is established for profit-making motive. This implies that if profits are not made in 3 of 5 consecutive years, IRS will not presume that the entity is established for profit, thereby affecting the entity's ability to claim business deductions.
P Company owns 90% of the outstanding common stock of S Company. On January 1, 2015, S Company sold land to P Company for $578,000. S Company originally purchased the land for $427,400. On January 1, 2016, P Company sold the land purchased from S Company to a company outside the affiliated group for $676,100. Calculate the amount of gain on the sale of the land that is recognized on the books of P Company in 2016.
Answer: $98,100
Explanation:
Gain on the sale of the land would be the difference between the amount the land was sold for to the outside entity and the amount that P Company purchased it at.
= Selling price to outside group - Price purchased from S Company
= 676,100 - 578,000
= $98,100
he primary functions of management are... Group of answer choices Producing change and movement Producing a creative vision Producing positive leadership outcomes Producing order and consistency PreviousNext
Answer:
Producing order and consistency
Explanation:
Management involves the control, planning and organization of the affairs of a business firm.
Basically, the management of an organization is saddled with the responsibility of planning, organizing, controlling and staffing within the organization.
Hence, we can safely deduce that the primary functions of management are producing order and consistency within an organization, so as to meet their set goals, aims and objectives.
This ultimately implies that, the management of a business firm or an organization's with respect to its direction, objectives, and strategy are never final because an effective management strategy is a continuum or an on-going, dynamic process. Thus, it is never a now and then task.
purchased heavy equipment by giving the seller a $30,000 cash down payment and a 5-year interest-bearing note for the $170,000 balance of the price. Compute Pettit's book basis and tax basis in the equipment
Answer: $200,000
Explanation:
The book and tax basis will be the same in this instance because the equipment was purchased newly.
The book and tax basis will be the price of the equipment:
Price = Cash down payment + Present value of interest bearing note
= 30,000 + 170,000
= $200,000
Book and Tax basis is therefore $200,000
Carlisle Transport had $4,641 cash at the beginning of the period. During the period, the firm collected $1,622 in receivables, paid $1,804 to supplier, had credit sales of $5,324, and incurred cash expenses of $500. What was the cash balance at the end of the period
Answer:
$3,959
Explanation:
The cash balance at the end of the period considers all cash inflows and outflows including the beginning balance of the cash in the firm.
cash balance at the end of the period=beginning cash balance+cash collection from receivable-cash paid to suppliers-cash expenses
beginning cash balance=$4,641
cash collection from receivable=$1,622
cash paid to suppliers=$1,804
cash expenses=$500
cash balance at the end of the period=$4,641+$1,622-$1,804-$500
cash balance at the end of period=$3,959
The managerial accountant at XYZ Company told her friend that the company expects to announce a major recall in a few weeks. The friend promptly sells all her stock in XYZ. The accountant violated which IMA Statement of Ethical Professional Practice standards?
a. Integrity
b. Confidentiality
c. Credibility
d. Competence
Answer:
D) Competence
Explanation:
From the question we are informed about The managerial accountant at XYZ Company who told her friend that the company expects to announce a major recall in a few weeks. The friend promptly sells all her stock in XYZ. In this case, The accountant violated IMA Statement of Ethical Professional Practice standards of competence.
The IMA Statement of Ethical Professional Practice can be regarded as a body that has principles that is
similar to that of overarching principles, these principles gives expressions of our values, as well as standards that is been put in better place to guide our conduct. Each of members is been subjected to responsibility such as to complying with as well as upholding the standards of these terms;
✓Competence
✓Confidentiality
✓ Integrity
Under the competence, Each member is been charged with responsibility of Maintaining appropriate professional leadership level as well as expertise through the enhancement of knowledge and skills, professional duties is required to be performed base on technical standards, relevant laws as well as regulations, and the provision of decision support information as well as accurate recommendations
Chip is a veteran who fought in Desert Storm. He has just retired from the military. He has been told he qualifies for a property tax exemption based on his military service during wartime. Which exemption applies to Chip?
Chip is a veteran who fought in Desert Storm. He has just retired from the military. He has been told he qualifies for a property tax exemption based on his military service during wartime. Which exemption applies to Chip?
A. Section 218
B. Proposition 13
C. Section 205
D. Proposition 60
Answer: C. Section 205
Explanation:
Section 205 of the property tax speaks about the property tax exemption for veterans. Under the category of veterans comes the people of military staff who have been currently serving or have been discharged due to some reasons like poor health, loss of body part or any other reason. The emption of property tax cannot exceed $4,000 for eligible veterans.
Section 205 can be applied on Chip for the emption of property tax due to being Veteran.
Triathlon Cycles specializes in producing touring bicycles but has recently Activity Cost pool Mountain Bicycle Touring Bicycle Direct materials per unit $1,000 $2,200 Total direct labor cost $300 $700 Total manufacturing overhead $75,000 $180,000 Number of units 200 units 400 units1. What is the manufacturing overhead allocated to each mountain bicycle?2. What is the total manufacturing costs of one touring bicycle?
Answer:
$375 per mountain bicycle $3,350 per touring bicycleExplanation:
1. Manufacturing overhead of each mountain bicycle:
= Total manufacturing overheads for mountain bicycles / Number of units
= 75,000 / 200
= $375 per mountain bicycle
2. Manufacturing costs of one touring bicycle
= Direct labor + Direct material + Manufacturing overhead per touring bicycle
= 700 + 2,200 + (180,000 / 400 units of touring bicycles)
= 700 + 2,200 + 450
= $3,350
Explain how one driving force has facilitated change at Domino’s.
Answer:
. Executive Summary
This assignment has been written to demonstrate the analytical processes and strategies with a
lens of operation management & operations of Dominos India. We have applied theoretical
frameworks to evaluate the operational strategy with its product and services. This report
focuses on the daily operations of Dominos India’s Connaught Place unit specially, wherein
their staff and manager helped a lot to prepare this report. Team research, interviews and
insights from Dominos existing employees have been documented in this report.
Dominos India has been a leader in its market segment in India.
2. About Dominos India
On 26 March 1995 Domino's Pizza India Private Ltd operation began in 1996 with its’
first store in New Delhi. In January 2016, Domino's opened its 1000th outlet in New
Delhi. The company opened 53 new restaurants between January–March 2018 and
150 outlets in the in financial year 2017-2018 (works, 2016)
Domino's pizza is delivered to its customers with seasoning sachets.
A) Domino’s pizza is a well-established and known pizza brand over the last 57 years
They deliver pizza along with garlic bread and a combo deals with Coke as the
beverages partner.. They have more than 11000 corporate and franchise restaurant
stores in all over 70 countries. And India is the second biggest market for this US
based pizza company (source : Wikipedia). In India They were the first to bring in
the concept of 30 minutes delivery. This has become a benchmark now in India as
people say that Domino’s pizza reaches before police reaches at the spot. Along
with this its excellent customer service, frequent products introduction with variable
topping options as per the customer choice , many outlets close to your location,
soft spoken & trained staff and a peculiar taste have become a driving force for
them. Even though there are many players including Pizza hut, Papa John, Johnny
Rockets and local players, Dominoes is still number One In India.
B) Because of their exceptional operation strategy they have been performing very well
in this cluttered and competitive food market in India.
C) Mission Statement : Exceptional franchisees and team Exceptional franchisees and
team members to be the best pizza delivery company People first Initiativ
Assume you are manager of the Outback Steakhouse, a franchised restaurant that has opened at new location in St. Louis. Describe which segmentation base(s) and possible segmentation variable(s) you would use to segment its market and explain why each supports the appropriate market segmentation strategy.
Answer:
Market segmentation consists of a strategy to better identify consumers based on common characteristics, that is, divide the market into clusters, so that there is a better targeting of the company's marketing strategies.
In the case of opening an Outback Steakhouse franchise in St. Louis, the bases of segmentation and possible appropriate segmentation variables could be geographical, to better understand the region of the city and surroundings, demographic to understand the characteristics of consumers and form the target audience and behavioral to understand the habits, tastes and preferences of your potential audience, and thus gather important information from that region and align the company's strategy to meet the specific desires and needs of consumers.
If Modern Company received $3,650 from Connor Young Company on March 12 for the total amount of an account which had been written off on March 1, the entry to reinstate the account under the allowance method would include
Answer:
Please post the full question together next time.
If Modern Company received $3,650 from Connor Young Company on March 12 for the total amount of an account that had been written off on March 1, the entry to reinstate the account under the direct write-off method would include:______.
a. a debit to Allowance for Doubtful Accounts of $3,650.
b. is the same as it would be under the allowance method.
c. includes a credit to Bad Debt Expense of $3,650.
d. includes a credit to Cash of $3,650.
Explanation:
Under the direct write-off method ,
the journal entry is Bad debt expense A/c Dr XXXXX
To Account receivable A/c XXXXX
(Being the bad debt expense is recorded)
For recording this journal entry, we Debited the bad debt expense and credited the account receivable
This is the answer. Hence, all the given options are incorrect
The CEO said, "Around every six months, my upper management team and I meet to review the goals that will be achieved over the next year, five years, and beyond. We then make sure we are clear on who will take responsibility to see that appropriate actions are undertaken to achieve our goals within the time frame we set." The CEO is describing the management function of
Answer: Planning
Explanation:
From the information given, the CEO is describing the management function of planning.
Planning refers to the organization of activities which are required to achieve a particular goal. Planning is concerned with the determination of the missions and the resources which will be used in achieving a goal and working towards it's achievement.
Based on the question, the management is creating a detailed action plan that is aimed at an organizational goal.
Janet and Megan are debating the use of student discounts by local stores near school. Janet argues, "When stores offer discounts to students with valid identification, it is price discrimination, because they are attempting to separate the market into two groups—each with different demands for that particular good." Megan responds with, "This is not a form of price discrimination, because there is no age restriction for students. Economists generally agree with :
a. Dina
b. Antonio
Answer:
Antonio
Explanation:
In simple words, Antonio has a lot of support among economists. Price discrimination occurs when a vendor is able to split clients into groupings or segregate a marketplace into two categories so that they may charge varying charges to that same two groups. It has hardly anything to deal with the customers' age.
Thus, Antonio is correct with his views.
Roger is conducting an educational event and has asked a couple or providers
Answer:
Roger will require different equipment to conduct his educational event successfully.
Explanation:
Roger will require kiosks, banners, pamphlets and some ushers for his event. There should be reception or help desk placed at entrance to guide the attendees. There should be banners placed for different educational institutions who will be part of the event.
Number Style Which of the following sentences apply correct number style? Check all that apply.
a. We prefer that our interns have completed Finance 201 and an advanced professional communication course. He hopes to have at least $2 million in his retirement account by the time he turns 40. 57% of his take-home salary goes straight into his retirement account. Choose the best option to correct the following sentence.
b. She has scheduled the meeting for March eleventh two thousand 8 at eight in the morning. She has scheduled the meeting for March 11, 2008, at eight in the morning. She has scheduled the meeting for March eleventh, 2008 at eight in the morning. She has scheduled the meeting for March 11, 2008, at 8 a.m.
c. Which of the following sentences express correct number style? Check all that apply. John wasn't sure how to break the news without angering the majority of the company's 421 employees. The meeting was scheduled for three o?clock on Friday, February fifteenth. The average salary increase for Division 45 employees was 2.8 percent last year.
d. Which of the following choices has the correct number style to use at the beginning of a sentence? 3/4 of the respondents Three-fourths of the respondents.
Answer:
1. We prefer that our interns have completed Finance 201 and an advanced professional communication course.
• He hopes to have at least $2 million in his retirement account by the time he turns 40
b • She has scheduled the meeting for March 11, 2008, at 8 a.m.
c. The average salary increase for Division 45 employees was 2.8 percent last year.
d. Three-fourths of the respondents
Explanation:
It should be noted that the numbers from one to ten should be written in word form, while those from 11 and above can be written in figures.
The numbers such as percentages that starts a sentence needs to be written in words. Therefore, 57% should be written in words
Therefore, the correct options are:
• We prefer that our interns have completed Finance 201 and an advanced professional communication course.
• He hopes to have at least $2 million in his retirement account by the time he turns 40.
Other correct options to the question include:
b. She has scheduled the meeting for March 11, 2008, at 8 a.m.
For information that has to do with meetings, the numbers should be written in numerical form.
c. The average salary increase for Division 45 employees was 2.8 percent last year.
d. Three-fourths of the respondents
The number should be written in words since it begins the sentence.
Clannad currently produces and sells 4,000 units per year, and has a capacity of 5,000 units. Enya, Inc. has offered a one-year contract to supply parts at a cost of $30.00/unit. If Clannad accepts, it will reduce fixed costs by 50% and will be able to rent unused space to another company for $18,000 per year. What is the impact on Clannad's profits if it accepts the offer.
Answer: Increase of $20,000
Explanation:
The cost of making a unit is:
= Direct material + Direct labor + Variable overhead + Fixed overhead
= 10 + 14 + 5 + 3
= $32
For 4,000 units that would be:
= 4,000 * 32
= $128,000
Cost of buying 4,000 units :
= Cost of buying + Fixed cost
= (4,000 * 30) + (3 / 2 * 4,000)
= $126,000
This cost is further reduced by the renting of the unused space:
= 126,000 - 18,000
= $108,000
Impact on profit:
= Cost of making - Cost of buying
= 128,000 - 108,000
= $20,000
Increase of $20,000
10 percent decrease in consumer incomes leads to a 20 percent decrease in the quantity demanded of good D. Instructions: Round your answer to one decimal place. If you are entering a negative number be sure to include a negative sign (-) in front of that number. The income elasticity of this good is: . This good can best be described as (Click to select) .
Answer:
Income elasticity = 2
Normal good
Explanation:
Below is the given values:
Percentage decrease in consumers income = 10%
Percentage decrease in quantity demanded = 20%
Use the below formula to find the income elasticity:
Income elasticity = % change in quantity demanded / % in income
Income elasticity = -20/-10
Income elasticity = 2
Since the elasticity is 2 that means good is normal good.
Managerial accounting systems report both monetary and nonmonetary information. Examples of nonmonetary information include: _________ a) employee diversity. b) percentage of on-time deliveries. c) employee satisfaction data. d) amount of sales per customer
Answer:
b) percentage of on-time deliveries.
Explanation:
Managerial accounting also known as cost accounting is an accounting technique focused on identification, measurement, analyzing, interpretation, and communication of financial information to managers for better decisions making and pursuit of the organization's goals.
Managerial accounting systems is an accounting system that is used by an organization to report both monetary and nonmonetary information. An example of a nonmonetary information is the percentage of on-time deliveries of the goods and services produced and supplied to consumers.
Nungesser Corporation has an EPS of $1.96, a cash flow per share of $3.15, and a price/cash flow ratio of 7.76×. What is its P/E ratio?
Answer:
12.47
Explanation:
Given :
Earning per share, EPS = $1.96
Cashflow per share = $3.15
Price / Cash flow ratio = 7.76
The P/E ratio = share price / Earning per share
The Share price is given by :
Cashflow per share * price to cash flow ratio
Share price = $3.15 * 7.76 = $24.444
Now ;
P/E ratio = Share price / Earning per share = $24.444 / $1.96
P/E ratio = 12.4714
P/E ratio = 12.47
During 2021, Raines Umbrella Corporation had sales of $772,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $465,000, $104,500, and $150,000, respectively. In addition, the company had an interest expense of $74,400 and a tax rate of 25 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully deductible). Suppose Raines Umbrella Corp. paid out $102,000 in cash dividends. Is this possible? If spending on net fixed assets and net working capital was zero, and if no new stock was issued during the year, what is the net new long-term debt?
Answer:
Paying out $102,000 in cash dividends is possible
Net new long-term debt $26,100
Explanation:
Calculation to determine the net new long-term debt
Sales $772,000
Less Cost of goods sold $465,000
Gross profit $307,000
($772,000-$465,000)
Administrative and selling expenses $104,500
Depreciation expenses $150,000
Earning before interest tax $52,500
($307,000-$104,500-$150,000)
Interest expense $74,400
Profit or Loss before tax ($21,900)
($52,500-$74,400)
Less Tax 25% $0
Add Depreciation expense $150,000
Net Cash flow $128,100
(-$21,900+$150,000)
Dividend $102,000
Net new long-term debt $26,100
($128,100-$102,000)
Therefore Based on the above calculation Paying out $102,000 in CASH DIVIDENDS is possible even though the Net income is Negative, its operating cash flow is $128,100 positive which means that the company has enough cash balance to pay dividends of $102,000. The Net new long-term debt is $26,100
Activity-based costing is preferable in a system:
a. when multiple products have similar product volumes and costs
b. with a large direct labor cost as a percentage of the total product cost
c. with multiple, diverse products
d. where management needs to support an increase in sales price
Answer:
c. with multiple, diverse products
Explanation:
Activity based costing is a method that is used to share overhead and indirect costs among various products and services offered by a company.
So products that are produced in larger volume will receive more cost allocation.
The cost driver rate is used in this allocation and is calculated by dividing total pool cost by the cost driver.
So cost is allocated based on units of goods produced.
Examples of indirect cost shared are salaries and utilities.
Activity based costing is best for multiple diverse products. So that cost can effectively be allocated based on the amount of activity attributed to a particular product.
When you were born, your dear old Aunt Minnie promised to deposit $1,000 into a savings account, bearing a 5% effective annual rate, on each birthday, beginning with your first. You have just turned 22 and want the dough. However, it turns out that dear old (forgetful) aunt Minnie made no deposits on your fifth and eleventh birthdays. How much is in the account right now?
Answer: $34,502.85
Explanation:
The constant deposits are considered annuities.
The value at the end of 22 years is the future value of the annuity.
Future value of annuity = Annuity * ( (1 + rate)^number of years - 1 ) / rate
= 1,000 * ( ( 1 + 5%) ²² - 1) / 5%
= $38,505.21
Then subtract the future values of the deposits that your grandmother missed.
For the fifth birthday, the future value term will be 22 - 5 = 17 years
For the eleventh, the future value term will be 22 - 11 = 11 years
The amount in the account is:
= 38,505.21 - (1,000 * 1.05¹⁷) + (1,000 * 1.05¹¹)
= $34,502.85
The Pension Trust Fund maintained by the city of Linden had the following transactions during 2019. Record each transaction in the Pension Trust Fund. Ignore any other funds that may be involved in a transaction.
a. Contributions of $600,000 were received from General Fund employees, and the General Fund contributed its share of $100,000.
b. The fund paid $500 for investment management fees.
c. Investments held by the fund increased in value by $3,500.
d. Depreciation on fund capital assets totaled $800.
e. Retirement benefits of $7,700 were paid to retirees.
f. Interest of $2,500 and dividends of $1,400 were received from investments
Answer:
Date Account Title Debit Credit
XX - 2019 Cash $700,000
Additional pension Contribution - $600,000
Employees
Additional pension Contribution - $600,000
Employer
Date Account Title Debit Credit
XX - 2019 Investment management fees $500
Cash $500
Date Account Title Debit Credit
XX - 2019 Investments $3,500
Net appreciation in investment fair value $3,500
Date Account Title Debit Credit
XX - 2019 Depreciation of fund capital assets $800
Accumulated depreciation of fund $800
capital assets
Date Account Title Debit Credit
XX - 2019 Retirement benefits $7,700
Cash $7,700
Date Account Title Debit Credit
XX - 2019 Cash $3,900
Interest on investments $2,500
Dividends $1,400
XYZ Corporation manufactures two models of office chairs, a standard and a deluxe model. The overhead costs for setups and components pools are $60,000 and $58,900, respectively. The following activity has been compiled:
Number of Number of Number of
Setups Components Direct Labor Hours
Standard 11 6 295
Deluxe 29 13 205
Overhead costs $63,600 $102.600
Number of setups and number of components are identified as activity-cost drivers for overhead. Assuming an activity based costing system is used, what is the total amount of overhead costs assigned to the standard model?
A. $109,200
B. $57,000
C. $83,000
D. $83,100
Answer:
$49,890
Explanation:
The computation of the total amount of overhead costs assigned to the standard model is given below
The cost driver rate is
For setup
= $63,600 ÷ (11 + 29)
= 1,590
For component
= $102,600 ÷ (6 + 13)
= 5,400
Now the total amount of overhead for the standard model is
= 11 × 1,590 + 6 × 5,400
= $17,490 + $32,400
= $49,890
This is the answer but the same is not provided in the given options
Burt is strategizing and planning an IMC marketing campaign for the company where he is employed as marketing specialist. If he is to execute an effective IMC campaign, which aspects should he consider
Answer:
Incorporate the manufacturing process steps of the service into your planning and design process. A further explanation is provided below.
Explanation:
Burt would have had to take into account the possible throughout the development process of the marketing campaign when trying to execute an integrated Communication IMC program.An essential component of conducting a successful IMC campaign requires determining the phase including its project lifecycle.Thus the above is the right answer.
