Seo Yeon is a paid intern working for a small team of four software developers. Each member of the team is facing different deadlines and requires her support at different times—and all of them want to pawn their least enjoyable tasks off on her. Seo Yeon is there to learn and is happy to help out on any tasks they can give her, but she only has 40 hours per work week to offer.
Identify the solution that is likely to best allocate her time between the four team members.
A. Seo Yeon should only work on tasks that provide her with the opportunity to further her personal knowledge.
B. Seo Yeon should set up an internal market, allocating 10 hours per week to each team member and allowing them to trade hours among themselves over the course of a month.
C. Seo Yeon should determine which team member is most valuable to the company and allocate all 40 hours to that team member.
D. Seo Yeon should allocate 10 hours per week to each team member and ensure that her time is distributed fairly between the team members each week.

Answers

Answer 1

Answer: B. Seo Yeon should set up an internal market, allocating 10 hours per week to each team member and allowing them to trade hours among themselves over the course of a month.

Explanation:

From the options given in the question, the solution that is likely to best allocate her time between the four team members will be option B "Seo Yeon should set up an internal market, allocating 10 hours per week to each team member and allowing them to trade hours among themselves over the course of a month".

Since the teams have different deadlines, she should allocate her time equally to the four teams and help them out based on their deadlines as those with nearer deadlines should be helped first. We should also note that she shouldn't allocate the whole 40 hours to a particular team as that's not fair and can bring about disunity.

Answer 2

Seo Yeon should set up an internal market, allocating 10 hours per week to each team member and allowing them to trade hours among themselves over the course of a month.

Explanation:

From the options given in the question, the solution that is likely to best allocate her time between the four team members will be option B "Seo Yeon should set up an internal market, allocating 10 hours per week to each team member and allowing them to trade hours among themselves over the course of a month".Since the teams have different deadlines, she should allocate her time equally to the four teams and help them out based on their deadlines as those with nearer deadlines should be helped first. We should also note that she shouldn't allocate the whole 40 hours to a particular team as that's not fair and can bring about disunity.

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Related Questions

Materials used by Square Yard Products Inc. in producing Division 3's product are currently purchased from outside suppliers at a cost of $5.00 per unit. However, the same materials are available from Division 6. Division 6 has unused capacity and can produce the materials needed by Division 3 at a variable cost of $3.00 per unit. A transfer price of $3.20 per unit is established, and 40,000 units of material are transferred, with no reduction in Division 6's current sales. Square Yard Products Inc.'s total operating income will increase by

Answers

Answer: $80,000

Explanation:

First, we'll need to calculate division 3's income from the increase in operations and this will be:

= (40000 × $5) - ($40000 × $3.20)

= $200,000 - $128,000

= $72000

Division 6 income from operation increase will be:

= 40000 × ($3.20 - $3.00)

= 40000 × 0.2

= $8000

Therefore, Square Yard Products Inc.'s total operating income will increase by:

= $72000 + $8000

= $80000

eamish Incorporated, which produces a single product, has provided the following data for its most recent month of operations: Number of units produced 10,700 Variable costs per unit: Direct materials $ 108 Direct labor $ 51 Variable manufacturing overhead $ 7 Variable selling and administrative expense $ 9 Fixed costs: Fixed manufacturing overhead $417,300 Fixed selling and administrative expense $834,600 There were no beginning or ending inventories. The absorption costing unit product cost was:

Answers

Answer:

$205 per unit

Explanation:

Calculation to determine what The absorption costing unit product cost was:

Using this formula

Absorption costing unit product cost = Direct material + Direct labour + Variable manufacturing overheads + (Fixed manufacturing overheads / Number of units produced)

Let plug in the formula

Absorption costing unit product cost= $108 + $51 + $7 + ($417,300 / 10,700)

Absorption costing unit product cost=$108 + $51 + $7 + $39

Absorption costing unit product cost= $205 per unit

Therefore The absorption costing unit product cost was:$205 per unit

Fiscal expansion Group of answer choices decreases aggregate demand and causes output to decline. decreases aggregate demand and causes output to rise. decreases government expenditures. stimulates aggregate demand and causes output to rise. stimulates aggregate demand and causes output to decline.

Answers

Answer:

Fiscal expansion

stimulates aggregate demand and causes output to rise.

Explanation:

The Federal Government employs a fiscal expansion policy when it wants to boost economic growth.  Such a policy is always needed during the contractionary phase of the business cycle. The purposes of a fiscal expansion policy by the government are to reduce unemployment, engender consumer demand and growth, and avoid an economic downturn.

Match the following empires:
1. Established relatively peaceful trading relationship with Native Peoples and never established large permanent population throughout the colony.
2. After attempting several times to find a Northwest Passage to the Pacific, they established a comparably small presence in North America. However, through their alliance with the Huron and other Native peoples, they were able to maintain a vast claim stretching between the St. Lawrence River, the Ohio River, and the Mississippi River to Louisiana.
3. Originally in search of timber and gold, established a presence in North America for the purpose of colonizing. In order to do this, they depended on the depopulation of Native Peoples throughout the colonies.
4. Given a special decree from the Pope which granted them the ability to conquer all of the lands in the Western Hemisphere in which no Christians resided. After conquering the Aztecs and the Incas, they established new colonial centers as extensions of the empire.
A. Spanish.
B. English.
C. Dutch.
D. French.

Answers

Answer:

1 ----> Matches with ----->C

2 ----> Matches with ----->D

3  ----> Matches with ----->B

4 ----> Matches with ----->A

Explanation:

This question is very easy and interesting. In this question, we just need to match the specific empires with the description given in the question. So, Let's Start.

1. The first description matches with the Dutch Empire. (C)

2. The second description matches with obviously the French Empire (D)

3. The third description matches with the English Empire. (B)

Lastly,

4. The forth description clearly matches with the Spanish Empire. (A)

So, Correct Combination will be:

1 ----> Matches with ----->C

2 ----> Matches with ----->D

3  ----> Matches with ----->B

4 ----> Matches with ----->A

Prescott gave land to his aunt, Janice. Prescott's basis in the land was $45,000, and its fair market value at the date of the gift was $62,000. Janice borrowed $40,000 from a bank; she used the funds to improve the property. She sold the property to Marshall for $220,000. Marshall paid Janice $80,000 in cash, assumed her $30,000 mortgage, and agreed to pay $110,000 in two years. Janice's selling expenses were $2,000. Marshall is going to pay adequate interest.
a. Janice's basis in the land at the time of the sale is __________.
b. When computing her realized gain, what amount does Janice use as the selling price and as the contract price?
Contract price:__________.
c. Janice's total realized gain on the sale is $fill in the blank 4, but her recognized gain in the year of the sale is ________.

Answers

Answer:

A. 220k

B. 45k

C. 2k

Explanation:

The following note transactions occurred during the year for Towell Company: Nov. 10 Towell issued a 90-day, 9% note payable for $8,000 to Hyatt Company for merchandise. Dec. 1 Towell signed a 120-day, 10% note at the bank for $12,000. Dec. 20 Towell gave Barr, Inc., a 60-day, 10%, $12,000 note for payment of account. Prepare the general journal entries necessary to adjust the interest accounts at December 31. Use 360 days for calculations and round to the nearest dollar.

Answers

Answer: See explanation

Explanation:

The general journal entries necessary to adjust the interest accounts at December 31 will be:

1. December 31:

Debit: Interest Expenses = $8,000 × 9% × 51/ 360 = $102

Credit: Interest payable = $102

(To accrue interest expenses for the note issued on November 10).

2. December 31:

Debit: Interest Expenses = $12,000 × 10% ×30/360 = $120

Credit: Interest payable = $120

(To accrue interest expenses for the note issued on December 1)

3. December 31:

Debit: Interest Expenses = $12,000 × 10% × 11/360 = $36.67

Credit: Interest payable = $36.67

(To accrue interest expenses for the note issued on December 20).

You and your friends want to buy a condo at the beach to time share. Each of you has single peaked preferences with a most preferred value that you are willing to spend. These values are: Mabel, $10,000; Gertrude, $20,000; Myron, $30,000; Wilber, $40,000; and you, $50,000. The condo costs $150,000. Explain how to implement a uniform rule mechanism to allocate costs and shares.

Answers

Answer:

Individual                   Cost                                Shares to be enjoyed

Mabel                      $10,000                            10000 / 150000 =  6.67%

Gertrude                 $20000                            20000 / 150000 = 13.3%

Myron                      $30000                            30000 / 150000 = 20%

Wilber                      $40000                            40000 / 150000 = 26.6%

You                          $50000                            50000 / 150000 = 33.3%

Explanation:

peaked preferences

Most preferred value to spend :

Mabel = $10,000

Gertrude = $20,000

Myron = $30,000

Wilber = $40,000

you = $50,000

cost of Condo = $150,000

Implementing a Uniform rule mechanism to allocate costs and shares

The uniform rule ; ∑ j∈I Uj (p) = Ω.

where Ω = fixed amount of resource

hence the summation of all allotment should = Ω ( $150,000 )

Number of friends = 5

cost of condo  = $150,000

If divide equally each person will have to pay ; $150,000 / 5 = $30,000

Total money to be spent by friends = 10,000 + 20,000 + 30,000 + 40,000 + 50,000  = $150,000

Individual                   Cost                                shares to be enjoyed

Mabel                      $10,000                            10000 / 150000 =  6.67∑%

Gertrude                 $20000                            20000 / 150000 = 13.3%

Myron                      $30000                            30000 / 150000 = 20%

Wilber                      $40000                            40000 / 150000 = 26.6%

You                          $50000                            50000 / 150000 = 33.3%

∑shares ≈ 100% ( 150,000 )

Bob lives in Philadelphia and runs a business that sells guitars. In an average year, he receives $704,000 from selling guitars. Of this sales revenue, he must pay the manufacturer a wholesale cost of $404,000; he also pays wages and utility bills totaling $286,000. He owns his showroom; if he chooses to rent it out, he will receive $3,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Bob does not operate this guitar business, he can work as an accountant, receive an annual salary of $20,000 with no additional monetary costs, and rent out his showroom at the $3,000 per year rate. No other costs are incurred in running this guitar business.
Identify each of Charles's costs in the following table as either an implicit cost or an explicit cost of selling guitars
Implicit Cost Explicit Cost
1. The wholesale cost for the guitars that Charles pays the manufacturer
2. The wages and utility bills that Charles pays
3. The salary Charles could earn if he worked as an accountant
4. The rental income Charles could receive if he chose to rent out his showroom
Complete the following table by determining Charles's accounting and economic profit of his guitar business.
Profit (Dollars)
Accounting Profit
Economic Profit

Answers

Answer:

Explicit Cost

1. The wholesale cost for the guitars that Charles pays the manufacturer

2. The wages and utility bills that Charles pays

Implicit cost

3. The salary Charles could earn if he worked as an accountant

4. The rental income Charles could receive if he chose to rent out his showroom

$14,000

Economic profit = $-9000

Explanation:

Accounting profit= total revenue - explicit cost

Total revenue =price x quantity sold  

Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials

Economic profit = accounting profit - implicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

Accounting profit = $704,000 - ( $404,000 + $286,000) = $14,000

Economic profit = $14,000 - ($3000 + $20,000) =$-9000

Testbank Multiple Choice Question 110 On January 1, 2021, Marigold Corp. redeemed its 15-year bonds of $6920000 par value for 101. They were originally issued on January 1, 2009 at 91 with a maturity date of January 1, 2024. Marigold amortizes discounts and premiums using the straight-line method. What amount of loss should Marigold recognize on the redemption of these bonds (ignore taxes)

Answers

Answer:

$193,760

Explanation:

Calculation to determine the amount of loss should Marigold recognize on the redemption of these bonds

Bonds edemption=[($6,920,000*1.01)-$6,920,000]+[(100%-91%*$6,920,000)-((100%-91%*$6,920,000)/15 years*12)]

Bonds redemption=[($6,989,200-$6,920,000]+[(9%*$6,920,000)-((9%*$6,920,000)/15 years*12)]

Bonds redemption=$69,200+[($622,800-($622,800/15 years*12)]

Bonds redemption=$69,200+[($622,800-$498,240)]

Bonds redemption=$69,200+$124,560

Bonds redemption=$193,760

Therefore the amount of loss should Marigold recognize on the redemption of these bonds is $193,760

Two-Stage ABC for Manufacturing: Reassigning Costs to Cost Objectives National Technology, LTD. has developed the following activity cost information for its manufacturing activities:
Activity Activity Cost
Machine setup $75.00 per batch
Movement 22.00 per batch
0.10 per pound
Drilling 3.00 per hole
Welding 6.00 per inch
Shaping 32.00 per hour
Assembly 18.00 per hour
Inspection 2.00 per unit
Filling an order for a batch of 50 fireplace inserts that weighed 150 pounds each required the following:
Three batch moves .
Two sets of inspections .
Drilling five holes in each unit
Completing 80 inches of welds on each unit .
Thirty minutes of shaping for each unit .
One hour of assembly per unit
Determine the activity cost of converting the raw materials into 50 fireplace inserts
Fireplace Inserts
Activity Cost
Set-up $
Movement
Batch 60V
Weight
Inspection
Drilling
Welding
Shaping
Assembly
Total

Answers

Answer:

$27,541

Explanation:

Calculation to Determine the activity cost

Activity Cost

Set-up $75.00

Movement:

Batch 60V $66

(Three batch moves *22.00 per batch)

Weight $750

(150 pounds*0.10 per pound*50)

Inspection $200

(Two sets of inspections*50*2.00 per unit)

Drilling $750

(3.00 per hole*five holes in each unit*50)

Welding $24,000

(6.00 per inch*80*50)

Shaping $800

(32.00 per hour*(30 minutes/60)*50)

Assembly $900

(18.00 per hour*1*50)

Total $27,541

Therefore the activity cost is $27,541

Contribution Margin and Contribution Margin Ratio
For a recent year, McDonald's company-owned restaurants had the following sales and expenses (in millions):
Sales $18,169.3
Food and packaging $ 6,129.7
Payroll 4,756.0
Occupancy (rent, depreciation, etc.) 4,402.6
General, selling, and administrative expenses 2,487.9
$17,776.2
Income from operations $ 393.1
Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses.
a. What is McDonald's contribution margin? Round to the nearest tenth of a million (one decimal place).
b. What is McDonald's contribution margin ratio? Round to one decimal place.
c. How much would income from operations increase if same-store sales increased by $500 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the nearest tenth of a million (one decimal place).

Answers

Answer:

See below

Explanation:

Variable food and packaging = $6,129.7

Variable payroll = $4,756.0

Variable general, selling and administrative expenses = 40% × $2,487.9 = $995.16

Fixed general, selling and administrative expenses = 60% × $2,487.9 = $1,492.74

Fixed occupancy = $4,402.6

Total fixed cost = $1,492.84 + $4,402.6 = $5,895.34

Total variable cost = Variable food and packaging + Variable payroll + Variable general, selling and administrative expenses

= $6,129.7 + $4,756 + $995.16

= $11,880.86

a. McDonald's contribution margin

= Sales - Variable cost

= $18,169.3 - $11,880.86

= $6,288.44

b. McDonald's contribution margin

= Contribution margin / Sales

= $6,288.44 / $18,169.3

= 34.61%

c. Increase in operating income

= $500 million × 34.71

= $173,050,000

Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. If required, round the answers to the nearest dollar. Merchandise (Invoice Amount) Freight Paid by Seller Freight Terms Returns and Allowances (Invoice Amount) a. $5,300 $400 FOB destination, 2/10, n/30 $1,250 b. 2,700 200 FOB shipping point, 1/10, n/30 800 a. $fill in the blank 1 b. $fill in the blank 2

Answers

Answer:

a. Amount to be paid = $4,369

b. Amount to be paid = $1,881

Explanation:

Note: Thee data in this question are merged together. They are therefore sorted before answering the question. See the attached pdf file for the complete question with the sorted data.

a. Invoice (a)

Amount to be paid = (Invoice amount - Returns and Allowances) - ((Invoice amount - Returns and Allowances) * 2%) +  Freight Paid by Seller = ($5,300 - $1,250) - (($5,300 - $1,250) * 2%) + $400 = $4,369

b. Invoice (b)

Amount to be paid = (Invoice amount - Returns and Allowances) - ((Invoice amount - Returns and Allowances) * 1%) = ($2,700 - $800) - (($2,700 - $800) * 1%) = $1,881

A truck was acquired on July 1, 2018, at a cost of $311,850. The truck had a six-year useful life and an estimated salvage value of $34,650. The straight-line method of depreciation was used. On January 1, 2021, the truck was overhauled at a cost of $28,875, which extended the useful life of the truck for an additional two years beyond that originally estimated (salvage value is still estimated at $34,650). In computing depreciation for annual adjustment purposes, expense is calculated for each month the asset is owned.

Answers

Answer:

Details                                                                   Amount($)

Cost                                                                        $311,850

Less: Salvage value                                              ($34,650)

Depreciation base July 1, 2018                             $277,200

Less: Depreciation to date ($277,200/6)*2.5 ($115,500)

Depreciation base Jan 1, 2021 (unadjusted)        $161,700

Overhaul                                                                 $28,875

Depreciation base Jan 1, 2021 (adjusted)             $190,575

Date              Particulars                                         Debit($)   Credit($)

2021, Jan 1   Depreciation accumulated A/c Dr  $34,650

                             To cash A/c                                                  $34,650

2021, Dec 31 Expense for depreciation A/c Dr      $19,922

                      ($109,575/5.5)

                             To Depreciation accumulated A/c             $19,922

Eva received $68,000 in compensation payments from JAZZ Corp. during 2018. Eva incurred $13,500 in business expenses relating to her work for JAZZ Corp. JAZZ did not reimburse Eva for any of these expenses. Eva is single and she deducts a standard deduction of $12,000. Based on these facts answer the following questions: Use Tax Rate Schedule for reference.
a. Assume that Eva is considered to be an employee. What amount of FICA taxes is she required to pay for the year?
b. Assume that Eva is considered to be an employee. What is her regular income tax liability for the year?
c. Assume that Eva is considered to be a self-employed contractor. What is her self-employment tax liability and additional Medicare tax liability for the year?

Answers

I got answer b but you may wanna double check

Answer:

its b

Explanation:

i got it right on mine

An investment project has annual cash inflows of $4,300, $4,000, $5,200, and $4,400, for the next four years, respectively. The discount rate is 13 percent. a. What is the discounted payback period for these cash flows if the initial cost is $5,800? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the discounted payback period for these cash flows if the initial cost is $7,900? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the discounted payback period for these cash flows if the initial cost is $10,900? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

Answer:

1.64 years

2.27 years

3.13 years

Explanation:

Discounted payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative discounted cash flows

Present value of cash flow in year 1 = 4300 / 1.13 = 3805.31

Amount recovered in year 1  = -5800 + 3805.31 = -1994.69

Present value of cash flow in year 2 = 4000 / (1.13^2) = 3132.59

Amount recovered in year 2 =-1994.69 + 3132.59 = 1137.90

Payback period = 1 + 1994.69/3132.59 = 1.64 years

B

Present value of cash flow in year 1 = 4300 / 1.13 = 3805.31

Amount recovered in year 1  = -7900 + 3805.31 = -4094.69

Present value of cash flow in year 2 = 4000 / (1.13^2) = 3132.59

Amount recovered in year 2  = -4094.69 + 3132.59 = -962.10

Present value of cash flow in year 3 = 5200 / (1.13^3) = 3603.86

Amount recovered in year 3  = -962.10 + 3603.86 = 2641.76

Payback period = 2 years + -962.10 / 3603.86 = 2.27 years

C

Present value of cash flow in year 1 = 4300 / 1.13 = 3805.31

Amount recovered in year 1  = -10900 + 3805.31 = -7094.69

Present value of cash flow in year 2 = 4000 / (1.13^2) = 3132.59

Amount recovered in year 2  = -7094.69 + 3132.59 = -3962.10

Present value of cash flow in year 3 = 5200 / (1.13^3) = 3603.86

Amount recovered in year 3  = -3962.10 + 3603.86 = -358.24

Present value in year 4 =  4400 / (1.13^4) = 2698.60

Amount recovered in year 4  = -358.24 + 2698.60 = 2340.36

Payback period = 3 years + 358.24 + 2698.60 = 3.13 years

Cynthia, a sole proprietor, was engaged in a service business and reported her income on the cash basis. On February 1, 2013, she incorporates her business as Dove Corporation and transfers the assets of the business to the corporation in return for all of the stock in addition to the corporation’s assumption of her proprietorship’s liabilities. All of the receivables and the unpaid trade payables are transferred to the newly formed corporation. The balance sheet of the corporation immediately after its formation is as follows:
Dove Corporation
Balance Sheet
February 1, 2013
Assets
Basis to Dove Fair Market Value
Cash $ 80,000 $ 80,000
Accounts receivable 0 240,000
Equipment (cost $180,000; 120,000 320,000
depreciation previously claimed $60,000)
Building (straight-line depreciation) 160,000 400,000
Land 40,000 160,000
Total $400,000 $1,200,000
Liabilities and Stockholder’s Equity
Liabilities:
Accounts payable—trade $ 120,000
Notes payable—bank 360,000
Stockholder’s equity:
Common stock 720,000
Total $1,200,000
Discuss the tax consequences of the incorporation of the business to Cynthia and to Dove Corporation.

Answers

Answer:

Cynthia and Dove Corporation

Any profits generated by Dove Corporation will be taxed to the corporation and also taxed to Cynthia as a shareholder whenever Dove distributes the profits as dividends. Taxing Dove and Cynthia creates a double taxation burden for both Dove and Cynthia. Dove Corporation does not get a tax deduction when it distributes dividends to Cynthia.  Furthermore, Cynthia cannot deduct any corporation loss when incurred.  These are unlike when the business was only a sole proprietorship.

Explanation:

a) Data and Calculations:

Dove Corporation

Balance Sheet

February 1, 2013

Assets

                                                    Basis to Dove     Fair Market Value

Cash                                                 $ 80,000              $ 80,000

Accounts receivable                         0                           240,000

Equipment (cost $180,000;              120,000               320,000

depreciation previously claimed $60,000)

Building (straight-line depreciation) 160,000              400,000

Land                                                    40,000               160,000

Total                                               $400,000          $1,200,000

Liabilities and Stockholders' Equity

Liabilities:

Accounts payable—trade            $ 120,000

Notes payable—bank                    360,000

Stockholders' equity:

Common stock                              720,000

Total                                          $1,200,000

Dmitri doesn't like Val, one of his coworkers. Dmitri started to send an e-mail to his workgroup, falsely accusing Val of stealing company supplies. Before clicking "Send," Dmitri reread his message. He decided to delete the message instead of sending it, fearing that his work team members might consider his e-mail to be inappropriate. Which ethical consideration did Dmitri use in his decision to behave in a principled manner?
A) Publicity Test
B) Common Good approach
C) Professional Ethic
D) Utilitarian approach

Answers

Answer:

C. Professional Ethics.

Explanation:

Ethics are moral qualities which governs a persons behavior. A person is sometimes in an ethical dilemma scenario where he has to take decision which might impact his ethical values. Professional ethics is a situation where a person thinks how his decision will be viewed by an independent jury or audience.

How does a realistic market potential estimate affect small business success?

Answers

Answer:

Estimating market size is a crucial first step in the development of any startup or small business. And it really doesn't matter what industry you're in — or want to be in — getting an accurate picture of your market size reveals insights that can drive both the present and future success of your business.

The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead. April 1 Inventory balances Raw materials $ 123,700 Work in process 119,900 Finished goods 77,800 April 30 Inventory balances Raw materials $ 85,500 Work in process 145,200 Finished goods 81,700 During April Costs of raw materials purchased $ 118,500 Costs of direct labor 100,100 Costs of manufacturing overhead 61,700 Sales revenues 353,000 Required Prepare a schedule of cost of goods manufactured and sold. Calculate the amount of gross margin on the income statement.

Answers

Answer:

Cost of goods manufactured $293,200

Gross margin $63,700

Explanation:

Flaxman manufacturing company

Income statement for April

Sales revenue $353,000

March 1, Inventory balance raw materials

$123,700

Add: raw materials purchased

$118,500

Less April 31, Inventory balance raw materials

$85,500

Raw materials used $156,700

Cost of direct labor

$100,100

Cost of manufacturing overhead

$61,700

Total manufacturing costs $318,500

Add work in process

$119,900

Cost of goods available for manufacturing

$438,400

Less ending work in process

$145,200

Cost of goods manufactured

$293,200

Add finished goods at the beginning

$77,800

Cost of goods available for sale

$371,000

Less finished goods at ending

$81,700

Cost of goods sold

$289,300

Gross margin

$63,700

We arrived at the gross margin by deducting cost of goods sold from sales revenue

Elizabeth reports the following items for the current year: Nonbusiness capital gains $ 5,000 Nonbusiness capital losses (3,000) Interest income 3,000 Itemized deductions (including a $20,000 casualty loss in a Federal disaster area) (27,000) In calculating Elizabeth's net operating loss and with respect to these amounts only, what amount must be added back to taxable income (loss)

Answers

Answer: $2000

Explanation:

In calculating Elizabeth's net operating loss and with respect to these amounts only, the amount that must be added back to taxable income (loss) will be the difference between the nonbusiness capital gains and the nonbusiness capital losses. This will be:

= $5000 - $3000

= $2000

A firm will maximize the present value of future profits by maximizing current profits when: the growth rate in profits is constant. the growth rate in profits is larger than the interest rate. Correct! the interest rate is larger than the growth rate in profits and both are constant. the growth rate and interest rate are constant and equal.

Answers

Answer:

the interest rate is larger than the growth rate in profits and both are constant.

Explanation:

In the case when the firm wants to maximize the present value of the profits that arise in near future so here the current profits would be maximize at the time when the rate of interest would be more than the growth rate and both would remain constant

Hence, the option c is correct

Reynolds Manufacturers Inc. has estimated total factory overhead costs of $104,000 and expected direct labor hours of 13,000 for the current fiscal year. If job number 117 incurs 1,720 direct labor hours, Work in Process will be debited and Factory Overhead will be credited for a.$104,000 b.$52,000 c.$1,720 d.$13,760

Answers

Answer:

Work in Process              13.760

 Manufacturing Overhead   13,760

Explanation:

First, we need to calculate the predetermined overhead rate:

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

Predetermined manufacturing overhead rate= 104,000 / 13,000

Predetermined manufacturing overhead rate= $8 per direct labor hour

Now, we can allocate overhead to Job 117:

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

Allocated MOH= 8*1,720

Allocated MOH= $13,760

Work in Process              13.760

 Manufacturing Overhead   13,760

In August, one of the processing departments at Tsuzuki Corporation had beginning work in process inventory of $24,000 and ending work in process inventory of $13,000. During the month, $283,000 of costs were added to production. In the department's cost reconciliation report for August, the cost of units transferred out of the department would be: Multiple Choice $294,000 $270,000 $281,000 $307,000

Answers

Answer:

$294,000

Explanation:

The computation of the cost of units transferred out of the department would be shown below:

= Opening work in process + cost added to the production - ending work in process

= $24,000 + $283,000 - $13,000

= $294,000

The purpose of charging different prices to different groups of customers is to multiple choice decrease costs and in turn increase profits. Student discounts are an example of this type of pricing. increase revenue, but not profits. Higher holiday airfares are an example of this type of pricing. increase revenue and in turn costs. Senior citizen discounts are an example of this type of pricing. increase revenue and in turn profits. Lower afternoon movie prices are an example of this type of pricing.

Answers

Answer:

increase revenue and in turn profits. Lower afternoon movie prices are an example of this type of pricing.

Explanation:

Price discrimination is defined as the situation where the same product is being sold to different customers at different prices.

This is mostly based in the ability of the customers to pay at the varying amounts.

In the given instance when afternoon movie tickets are sold at lower prices, that rational is that there is lower demand for movies in the afternoon.

As such the price will need to be lowered to encourage people to buy tickets.

However at night people are less busy and demand for movies will be high. Tickets can now be sold at higher prices with the assurance that people will buy

Student discounts are an example of this type of pricing of increase revenue and in turn profits. Lower afternoon movie prices are an example of this type of pricing.

The following information should be considered;

Price discrimination is defined as the situation where the same product is being sold to different customers at different prices. This is mostly based in the ability of the customers to pay at the varying amounts.

Learn more: brainly.com/question/16911495

Computing Basic and Diluted Earnings per Share Soliman Corporation began the year 2018 with 25,000 shares of common stock and 5,000 shares of convertible preferred stock outstanding. On May 1, an additional 9,000 shares of common stock were issued. On July 1, 6,000 shares of common stock were acquired for the treasury. On September 1, the 6,000 treasury shares of common stock were reissued. The preferred stock has a $4 per share dividend rate, and each share may be converted into 2 shares of common stock. Soliman Corporation’s 2018 net income is $230,000.

Required
a. Compute earnings per share for 2018. Round your answer to two decimal places.
b. Compute diluted earnings per share for 2018. Round your answer to two decimal places.

Answers

Answer:

Soliman Corporation

1. Basic EPS

= $6.18 per share

2. Diluted EPS

= $5.23 per share

Explanation:

a) Data and Calculations:

Convertible Preferred Stock = 5,000 or 10,000 Common Shares

Common Stock:

January 1, 2018 =                  25,000

May 1, 2018 Issued                 9,000

July 1, 2018 Treasury            (6,000)

September 1, 2018 Treasury 6,000

Total outstanding                34,000

Converted preferred stock 10,000

Total outstanding               44,000

2018 Net Income =    $230,000

Preferred dividend        20,000 ($4 * 5,000)

Income for Common $210,000

Basic Earnings per share = $210,000/34,000 = $6.18

Diluted Earnings per share = $230,000/44,000 = $5.23

Sunland purchased the license for distribution of a popular consumer product on January 1, 2020, for $158,000. It is expected that this product will generate cash flows for an indefinite period of time. The license has an initial term of 5 years but by paying a nominal fee, Sunland can renew the license indefinitely for successive 5-year terms. What amount should be amortized for the year ended December 31, 2020

Answers

Answer:

No amount should be amortized since the license can be renewed indefinitely for successive 5-year terms.

Instead, the license should be tested for impairment annually to determine impairment loss.

Explanation:

An intangible asset that can be used indefinitely is treated like purchased Goodwill.  It should never be amortized.  Annually, the asset should be tested for impairment.  The test is to compare the market value of the license with the book value.

The sensitivity of a system for disciplining and possibly terminating employees is important, and it is critical that the system be seen as fair. Employees form conclusions about the system's fairness based on the system's outcomes and procedures and the way managers treat employees when carrying out those procedures. Three principles of justice are outcome fairness, procedural justice, and interactional justice.
Outcome fairness involves the ends of a discipline process or action, while procedural and interactional justice focus on the means to those ends. Not only is behavior ethical that is in accord with these principles, but research has also linked the last two categories of justice with employee satisfaction and productivity
Place each of the following labels in one of the columns.
Listen closely
College buddies
Project work
Family friendly
Explanations
Family relations
Accommodations
Gender benefits
Team raises
Promotion
Respect
Qualifications
Outcome fairness Procedural justice International justice

Answers

Answer:

You and a friend apply for a job and you believe that you are more qualified - Outcome Fairness

You find out that your friend's uncle is hiring a manager for the company- Procedural justice

Explanation:

Outcome Fairness is the situation where we perceive that the results for a certain situation will be based on fair judgement.

Procedural Justice is a situation where a man believes that there will be pure justice in resource allocation and decision making will be based on judgement.

Windsor, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April.
1. On April 1, it established a petty cash fund in the amount of $268.
2. A summary of the petty cash expenditures made by the petty cash custodian as of April 10 is as follows. Delivery charges paid on merchandise purchased $76 Supplies purchased and used 41 Postage expense 49 I.O.U. from employees 33 Miscellaneous expense 52 The petty cash fund was replenished on April 10. The balance in the fund was $8.
3. The petty cash fund balance was increased $116 to $384 on April 20.
Prepare the journal entries to record transactions related to petty cash for the month of April.
april 1
pety cash 342 (d)
cash 342 (c)
april 10
???????????????????? 72 (d)
miscellaneous expense 48 (d)
postage expense 52 (d)
accounts recievable 29 (d)
???????????????????
??????????????????
??????????????????
petty cash ??
cash ??

Answers

Answer:

April 1

Dr Petty cash $268

Cr Cash $268

April 10

Dr Freight-in (Or Inventory) $76

Dr Supplies expense $41

Dr Dr Postage expense $49

Dr Accounts Receivable/Loan to employees $33

Dr Miscellaneous expense $52

Cr Cash over and short $9

Cr Cash $260

April 20

Dr Petty cash $116

Cr Cash $116

Explanation:

Preparation of the journal entries to record transactions related to petty cash for the month of April.

April 1

Dr Petty cash $268

Cr Cash $268

April 10

Dr Freight-in (Or Inventory) $76

Dr Supplies expense $41

Dr Dr Postage expense $49

Dr Accounts Receivable/Loan to employees $33

Dr Miscellaneous expense $52

Cr Cash over and short $9

($260-$76-$41-$49-$33-$52)

Cr Cash $260

($268-$8)

April 20

Dr Petty cash $116

Cr Cash $116

Assume that the entry closing total revenues of $284,900 and total expenses of $212,600 has been made for the year ending December 31. At the end of the fiscal year, Teresa Schafer, Capital has a credit balance of $330,000 and Teresa Schafer, Drawing has a balance of $27,600.
A. Journalize the entry required to close the Teresa Schafer, Drawing account.
B. Determine the amount of Teresa Schafer, Capital at the end of period.

Answers

Answer and Explanation:

a. The journal entry to record the closing of drawing account is given below:

Teresa Schafer, Capital  $27,600

   Teresa Schafer, Drawing $27,600

(Being closing of drawing account is recorded)

b. The ending capital is

= Credit balance of capital - drawings

= $330,000 - $27,600

= $302,400

Carmelo, the editor of a business department of a national news magazine, went through a sequence of jobs in the company before he achieved this position. He joined as a staff reporter, then got promoted to technology reporter, then to editor of the business department, and then to deputy managing editor before achieving his current position. This is __________.

Answers

Answer:

organization-centered career planning

Explanation:

According to the information in the question, it is correct to say that the case of Carmelo fits into a organization-centered career planning, because Carmelo grew in the organization in a progressive sequence, joined as a team reporter and was climbing new roles until reaching a higher hierarchical position as your current position as editor of the magazine's business department.

Organization-centered career planning can be very beneficial to employees when the organization is well structured through a culture that enables the growth of employees and professional advancement in the company.

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