Answer:
850
Explanation:
Turners manufactring accepts $17,000 as receivable
The interest is 2%
The year adjustment can be calculated as follows
= 17,000×0.02×5/2
= 17,000×0.02×2.5
= 850
Which money market security is defined as short-term funds transferred between financial institutions, often for no more than one day
Answer: Federal Funds
Explanation:
The Fed requires that some financial institutions keep a certain proportion of their deposits with the Fed called a reserve requirement. Sometimes, on a daily basis, some financial institutions may not be able to meet up with this requirement whilst other exceed it.
When this happens, those with the excess can return lend those who don't have enough. This is called Federal funds and usually lasts for no more than one day.
A company had $43 missing from petty cash that was not accounted for by petty cash receipts. The correct procedure is to:
cosA=1/2^-1.find the value of A
Answer:
A = 60°
Explanation:
Since cosA = 1/2, to find the value of A, we take the inverse cosine of both sides.
So, cosA = 1/2
So, taking inverse cosine of both sides, we have
cos⁻¹cosA = cos⁻¹(1/2)
So, A = cos⁻¹(1/2)
Using our calculator, taking cosine inverse of one-half, we find that, cos⁻¹(1/2) = 60°
Since cos⁻¹(1/2) = 60° and A = cos⁻¹(1/2)
This implies that A = 60°
So, we find that the value of A is 60°.
_____ is used to develop tactical plans by integrating customer-focused marketing plans for new and existing products with the operational management of the supply chain.
Answer:
Sales and operations planning (S&OP).
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.
Generally, the four (4) stages of a supply chain include the following;
I. Supply management.
II. Supply chain management.
III. Supply chain integration.
IV. Demand-supply collaboration.
Sales and operations planning (S&OP) is an aspect of business management and supply chain planning that is typically used for the development of tactical plans by integrating customer-focused or customer-oriented marketing plans with respect to new and existing products into the operational management of the supply chain.
In conclusion, sales and operations planning (S&OP) helps manufacturers to better match supply with consumer demands by means of collaboration between the sales department and the operations department to create a single production plan.
in a ____, a strategic manager can condense the strenght, weakness, opportunities, and threats into fewer than 10 strategic factors to review and revise the weight given in each factor.
Answer:
Strategic Factors Analysis Summary (SFAS) Matrix
Explanation:
Required: Journal entry
Issued a cheque of Rs.39000 to Saurya stores in full settlement
please help me
Answer:
If a cheque was being issued to settle a account payable, the relevant entry is to debit the accounts payable account to show that the debt is being reduced. You will then credit the cash account to show that cash is being reduced as well because it was used to pay off the debt.
Date Account Title Debit Credit
XX-XX-XXXX Accounts Payable - Saurya Stores Rs. 39,000
Cash Rs. 39,000
Tenant Tomas and landlord Landis enter into a contract for Tomas to rent Landis's home for two years. Halfway through the lease, Tomas decides to install smart lights and a security system that requires intensive modifications to the wiring and electrical system. May Tomas make such improvements?
Answer:
Yes, with Landis' permission
Explanation:
Yes, with Landis' permission.
Any major modifications to a property leased must be done with the knowledge and permission of the landlord. In the case of Thomas(Tenant), the permission of Landis (Landlord) must be sought before Thomas can install the smart light and security system on the property.
At the beginning of the year (January 1), Buffalo Drilling has $11,000 of common stock outstanding and retained earnings of $6,900. During the year, Buffalo reports net income of $7,200 and pays dividends of $1,900. In addition, Buffalo issues additional common stock for $6,700. Required: Prepare the statement of stockholders' equity at the end of the year (December 31)..
Answer:
Statement of stockholders' equity at the end of the year December 31
Common Stock Retained Earnings Total
At Beginning of the year :
Balances $11,000 $6,900 $17,900
During the Year :
Net Income - $7,200 $7,200
Dividend - ($1,900) ($1,900)
Issue of Common Stock $6,700 - $6,700
At End of the Year :
Balances $17,700 $12,200 $29,900
Explanation:
Stockholders' equity represents all items that are attributable to the owners of the company.
The statement of stockholders' equity at the end of the year December 31 has been prepared above according to IAS 1.
Imagine you have some workers and some handheld computers that you can use to take inventory at a warehouse. There are diminishing returns to taking inventory. If one worker uses one computer, he can inventory 100 items per hour. Two workers sharing a computer can together inventory 150 items per hour. Three workers sharing a computer can together inventory 160 items per hour. And four or more workers sharing a computer can together inventory fewer than 160 items per hour. Computers cost $100 each and you must pay each worker $25 per hour. Instructions: In parts a and b, round your answers to two decimal places. In part c, enter your answer as a whole number. a. If you assign one worker per computer, what is the cost of inventorying a single item
Answer: $1.25
Explanation:
Cost of inventorying a single item:
= (Cost of computer + Cost to employ worker per hour) / Items inventoried per hour
= (100 + 25) / 100
= $1.25
During 2013, Arb Company incurred the following direct labor costs: January $20,000 and February $30,000. Arb uses a predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively, totaled $19,500 and $35,700. Actual overhead for the 2 months, respectively, totaled $24,500 and $32,500.
Determine if overhead is over- or underapplied for each of the two months and the respective amounts.
Answer:
Results are below.
Explanation:
Giving the following information:
Predetermined overhead rate= 120% of direct labor cost
First, we need to allocate overhead for the 2 months:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Month 1:
Allocated MOH= 20,000*1.2= $24,000
Month 2:
Allocated MOH= 30,000*1.2= $36,000
Now, the over/under allocation:
Under/over applied overhead= real overhead - allocated overhead
Month 1:
Under/over applied overhead= 24,500 - 24,000
Underapplied overhead= $500
Month 2:
Under/over applied overhead= 32,500 - 36,000
Overapplied overhead= $3,500
an artist brought a breach of contract claim against a museum...what effects will the dismissal order have
Answer:
The artist will not be able to refile or restart the same claim again.
Explanation:
The breach in a contract means when one of the party who have entered into an agreement fails to perform or deliver according to the contract terms made in the agreement.
In the context, the dismissal is be able to operate as the adjudication on its merits which [tex]\text{precludes the artist from re-asserting the same claim}[/tex] in some newly filed action. This involuntary dismissal are also prejudice, so that artist will not be able to re-start the same claim in a newly filed action.
Which will you likely have to provide on college applications?
A. Personal information
B. Career plans
C. Employment history
D. Parent's level of education
If the balance of the cash account is $80,800 at the end of the month, what was the cash balance at the beginning of the month
Answer:
$38,900
Explanation:
Missing word "During the month, Warwick co, received $332,800 in cash and paid out $280,900 in cash"
Particulars Amount
Cash balance at month end $80,800
Add: Cash paid out $280,900
Less: Cash received $322,800
Beginning cash balance $38,900
Select the correct answer.
Shazia writes a novel about the lives of nomads who lived in the 1800s. She later finds out that a big production house has launched a movie based on a theme that Shazias’ book covers, including a few exact details. The production house didn’t check with Shazia for her consent. Which IPR right has the production house violated?
A.
trademark
B.
copyright
C.
patent
D.
trade secret
E.
goodwill
Michelle, The CEO of Nariko Jets, an airlines company, stated that she owes the credit of her professional success to the time she spent as a volunteer at a homeless shelter and her passion for artwork. She said that she learned to never stop dreaming from her work as a volunteer. Nariko Jets, according to Michelle, was the result of her combined efforts at life lessons that she learnt at the homeless shelter and her paintings which provided her inspiration to help create passenger and jet airlines that would make travel easier and more comfortable. Her competitors have always envied her success. Which of the following factors of inimitability is best reflected in this scenario?
A. First-mover advantage
B. Positive network externalities
C. Casual ambiguity
D. Tacit knowledge
Answer:
The correct answer is the option C: Casual ambiguity.
Explanation:
To begin with, in the field of business the concept known as "Casual Ambiguity" refers specifically to the situation where the competitors of a company do not understand how the inputs are combined in order to form the outputs due to the fact that they believe that there are several more factors that are not tangible that are affecting the production and that is why that the outputs end up being better products and more complicate it to understand. That is the case presented where the casual ambiguity is related to the life lessons and efforts that Michelle has done during his volunteer time.
Answer: C. Casual ambiguity
Explanation:
Inimitability refers to having qualities that cannot be so easily copied. In business, it gives rise to a competitive advantage that sets you apart from others.
One reason for inimitability is casual ambiguity. This refers to when the background of a company does not seem to correlate with or explain how the company in question, came to be successful. This ensures that other companies are unable to understand what they are to do to become as successful as those companies.
It is the case here. Competitors are unable to understand how paintings and growing up in an orphanage are helping Michelle so they cannot copy her strategy.
Nancy works in a factory that produces dolls and other toys. To improve productivity, Nancy's manager broke down each job into its component tasks, determined the best way to perform each task, and specified the output to be achieved by each worker performing the task. As a result, Nancy is expected to add arms and legs to 50 dolls per day. She is paid $2.50 per doll, but if she exceeds 50 dolls in a day, she receives an additional $1.50 per doll. This scenario relates to
Answer:
the classical theory of motivation.
Explanation:
the three classical theory of motivation are :
Maslow's hierarchy of needs theory Herzberg's Two factor theoryTheory X and Theory Y.Theory X ad Y are theories about workers motivation and management. they were developed by Douglas McGregor in the 1960s in his book the human side of enterprise.
Assumptions of theory X
1. Workers dislike their work
2. Workers would not work unless coerced
3. Workers have to be micromanaged
4. Workers need incentive to work
Theory x encourages an authoritarian management style
Assumptions of theory Y
1. Workers enjoy their work
2. workers need little or no incentive to work
3. Workers seek and take on responsibility
4. Workers are more engaged in decision making
The management style employed by Nancy's boss is more aligned to theory X
A(n) __________ opening involves actually providing a demonstration of a good or service as soon as a salesperson meets the prospect.
Answer:
Product
Explanation:
Four A's of Selling Process
1. Acknowledge
2. Acquire
3. Advise and
4. Assure
The vital elements of the sales entails
making a good impression, identifying or reiterating needs, offering the solution to the buyer's needs, and lastly credibility and trust.
Opening
This is simply done in order to get the attention and interest of potential customers quickly and thereby making a smooth transition into the next phase.
Types of Openings: They includes;
Complimentary, Referral Approach, Premium Approach, Product Approach, Showmanship Approach, Benefit Approach, Question/Opinion Approach, Shock Approach and Probe (SPIN) Approach.
Why do companies like Abercrombie & Fitch and Zara think that opening retail outlets in Japan will help them with their future products?
Answer: opportunity
Explanation:
Saw a question like this before. Because it's a opportunity to get more customers and doing it in other countries gives you opportunity for it
Answer:
Because of opportunity
f a business wants to sell a product or service on the Internet for the first time, the __________ would need to understand the wide-ranging risks involved as well as the organization's security capability. A. executive committee B. operational risk committee C. compliance committee D. security committee
Answer:
b
Explanation:
The operational risk committee has the responsibility of maintaining and overseeing the operational risk of an organisation. They are to identify possible operational risks of all the activities of a company and take steps to mitigate and manage such risks
The functions of The operational risk committee includes :
Identify possible risksEvaluate the risks Develop and implement strategies needed to manage the riskEvaluate the risk and strategize implemented regularlyEmily is a cash-basis taxpayer, and she was an especially productive salesperson last year. In December of last year her supervisor told Emily she had earned a $5,000 bonus. However, Emily received the bonus check after year-end. Identify the principle that will determine when Emily is taxed on the bonus. Multiple Choice Assignment of income Constructive receipt Return of capital principle Wherewithal to pay All of these choices are correct.
Answer:
Constructive Receipt
Explanation:
the term constructive receipt is used when talking in terms of federal income taxes. This term is used to determine when a cash basis tax payer has gotten their gross income in the cash basis method of accounting. the individual here would be needed to pay tax on income even though that the money that the money being taxed is has not been gotten yet by the individual. this income owner would be able to utilize the money although it has not yet been received.
The speaker has just made a key point. The global middle class will double in the coming years. However, this new middle class rising out of emerging economies is quite different from the current global middle class. The speaker suggests the R and D (research and development) organizations of today's companies may not be well positioned to gain this market. Which advantage of globalization does this point most directly address
Answer:
developing new competencies
Explanation:
In simple words, globalization promotes the innovation all around the world along with the promotion of its transfer from one economy to another. Due to this, the firms around the globe extend their businesses by setting their own limits. It helps the enhance their operational activities with new market and a new customer base to attract.
Your customer has heard about precious metals funds. He asks about the types and amounts of various precious metals these funds might own. You tell him he has mistaken the focus of these funds. A gold fund, for example, might own: A) boxcars of gold ore. B) Barrack Gold Corporation common stock. C) ingots of gold of only a certain size. D) gold in a variety of forms, including sheets, wires, and ingots.
Answer:
B) Barrack Gold Corporation common stock.
Explanation:
Barrick Gold Corporation deals in the mining company that generated the gold & copper having sixteen operating sites in thirteen countries
Also it headquarter is in ontario, canada, etc
So as per the given situation, it is the common stock of the barrack gold corporation
Therefore the option b is correct
On August 31, Planar Corp. exchanged 100,000 shares of its $40 par value common stock for all of the net assets of Sistrock Co. The fair value of Planar's common stock on August 31 was $72 per share. Planar paid a fee of $320,000 to the consultant who arranged this acquisition. Direct costs of registering and issuing the equity securities amounted to $160,000. No goodwill or bargain purchase was involved in the acquisition. At what amount should Planar record the acquisition of Sistrock's net assets
Answer:
$7,200,000
Explanation:
Calculation to determine At what amount should Planar record the acquisition of Sistrock's net assets
Using this formula
Acquisition of Sistrock's net assets =(Shares of common stock issued ×Common stock fair value per share
Let plug in the formula
Acquisition of Sistrock's net assets=100,000*$72
Acquisition of Sistrock's net assets=$7,200,000
Therefore the amount that Planar should record the acquisition of Sistrock's net assets is $7,200,000
True or false. Unintended market conditions, including black markets and shortages, can occur through the price restraint of a price ceiling set above the market-clearing price.
Answer:
false
Explanation:
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
Price floor set above the market-clearing price is non binding
Effects of a binding price ceiling
1. It leads to shortages
2. it leads to the development of black markets
3. it prevents producers from raising price beyond a certain price
4. It lowers the price consumers pay for a product. This increases consumer surplus
who benefits from a loan?
A - only the person who is given the loan by a bank?
B - only the bank who gives the loan to a person
C - both the person who gets the loan and the bank that loans the money
D - no one benefits when a loan is given out
Answer:
C
Explanation:
The person gets money to spend, then over time the bank will earn that money back from the same person. So I'd say both benefit.
A company purchased equipment for $50,000 on January 1 of its first year. The equipment’s original estimated useful life is 8 years and its estimated salvage value is $10,000. The company uses the straight-line method of depreciation. On December 31 of its second year, before year-end adjusting entries have been recorded, the company decides to shorten the estimated useful life by 3 years giving it a total life of 5 years. The company did not change the salvage value and continues to use the straight-line method. How much depreciation expense should be recorded for the second year?
Answer:
$7000
Explanation:
The following steps would be taken to determine the answer
1. Calculate depreciation expense given the initial information
2. Determine the book value
3. calculate the depreciation expense using the new information and the book value
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
($50,000 - $10,000) / 8= $5,000
Book value = $50,000 - $5,000 = $45,000
(45,000 - 10,000) / 5 = $7000
The company should record $8,750 as the depreciation expense for the second year.
Data and Calculations:
Cost of equipment on January 1 = $50,000
Estimated useful life = 8 years
Estimated salvage value = $10,000
Depreciable amount = $40,000 ($50,000 - $10,000)
Annual depreciation expense based on Straight-line method = $5,000 ($40,000/8)
Net book value = $45,000 ($50,000 - $5,000)
Re-estimated total useful life = 5 years
Remaining useful life after the first year = 4 years (5 - 1)
Estimated salvage value = $10,000
Depreciable amount = $35,000 ($45,000 - $10,000)
Annual depreciation expense based on Straight-line method = $8,750 ($35,000/4)
Thus, the depreciation expense for the second year is $8,750.
Learn more: https://brainly.com/question/22053614
Although the perpetual inventory system updates accounting records after each sale, a physical count is necessary at year-end to identify issues such as ________ and
Answer:
customer theft; spoilage.
Explanation:
A perpetual inventory system is a type of inventory management that continuously records in real-time the amount of inventory sold or purchased through the use of enterprise software or technological software applications such as a point of sale (POS).
Under a perpetual system of inventory, updates of the journal entry for cost of goods sold or received would include debiting accounts receivable and crediting sales immediately as it is being made or happening. The advantage of the perpetual system of inventory over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, customer theft, etc.
If a security becomes worthless in the current taxable year, it is treated as sold or exchanged on the:
Answer:
If a security becomes worthless in the current taxable year, it is treated as sold or exchanged on: The last day of the current taxable year.
In an examination evaluation expert system, the _____ component of the expert system is responsible for stating why a loan applicant was approved or rejected.
Answer:
The missing phrase is Explanation Facility.
Complete Sentence:
In an examination evaluation expert system, the Explanation Facility component of the expert system is responsible for stating why a loan application was approved or rejected.
Explanation:
An expert system is a computer system program that can do the job of a human expert whose role is to give professional opinions, judgments, or advice regarding an issue. These systems are associated with Artificial Intelligence.
In other to create this kind of system (which has the capacity to solve complex problems) AI programmers use a collection of knowledge stored or codified in if-then formats or rules
In expert systems, an explanation facility is a function that allows non-artificial users to query the veracity of the system's reasoning. Usually, the system would make reference to its frame of logical construct, its rules, and or goals.
Cheers
For purposes of computing the weighted average number of shares outstanding during the year, a transaction that must be treated as if it occurred at the beginning of the year is:
Answer:
The answer is option d. 367,500.
Determine the weighted-average number of shares outstanding as of December 31, 2018.
