The following is a list of account titles and amounts (in millions) reported at December 27, 2015, by Hashey, Inc. a leading manufacturer of games, toys, and interactive entertainment software for children and families:

Accounts Receivable $1,119 Equipment $496
Accumulated Amortization 751 Goodwill 601
Accumulated Depreciation 506 Inventories 356
Allowance for Doubtful Accounts 35 Land 10
Buildings 246 Licensing Rights 1,841
Cash and Cash Equivalents 686 Prepaid Rent 361

Required:
Prepare the asset section of a classified balance sheet for Hashey, Inc.

Answers

Answer 1

Answer and Explanation:

The preparation of the asset section of the classified balance sheet is presented below;

ASSETS    

Current assets:    

Cash and cash equivalents $686

Accounts receivable $1,119  

Less: Allowance for doubtful accounts ($35)  

Accounts receivable (net) $1,084  

Inventory $356

Prepaid rent $361  

Total current assets $2,487

Property, Plant and Equipment:    

Land $10  

Buildings $246  

Equipment $496

Property, Plant and Equipment (at cost) $752

Less: Accumulated depreciation  ($506)

Total Property, Plant and Equipment (net) $246

Other assets    

Licensing rights $1,846

Goodwill  $601

Less: Accumulated amortization  ($751)  

Other assets (Net) $1,691

Total assets $4,424


Related Questions

Dianne Ruth withdrew $8,000 from her educational savings account and used $6,000 to pay for qualified higher education expenses. The remaining balance of $2,000 was used to purchase clothes. On the date of the distribution, her educational savings account had $25,000 balance including $20,000 she had contributed.
How much of the $8,000 is tax free?

Answers

Answer:

$7,600

Explanation:

Calculation to determine How much of the $8,000 is tax free

Step 1 is to calculate the % using this formula

%=Savings ratio ROC Contributed/Total balance

Let plug in the formula

%=$20,000/$25,000

%= .80*100

%=80%

Step 2 is to calculate the ROC tax free using this formula

ROC tax free=% x Distribution

Let plug in the formula

ROC tax free=.80x 8000

ROC tax free=$6,400

Step 3 is to Contained earnings in distribution using this formula

Contained earnings in distribution=Distribution - ROC tax free

Let plug in the formula

Contained earnings in distribution=$8,000-$6,400

Contained earnings in distribution= $1,600

Step 4 is to calculate Excludable earning using this formula

Excludable earning=(Qualified exp/distribution ) x Earning contained

Let plug in the formula

Excludable earning=($6,000/$8,000) x $1,600

Excludable earning= $1,20/

Step 5 is to calculate the Taxable amount using this formula

Taxable =Earnings - Excludable

Let plug in the formula

Taxable=$1,600-$1,200

Taxable =$400

Now let determine the Tax free using this formula

Tax free = Distribution- Taxable

Let plug in the formula

Tax free=$8,000- $400

Tax free=$7,600

Therefore How much of the $8,000 is tax free will be $7,600

When President Obama was president he had discussed raising income taxes for individuals earning over $250,000 in income. Explain how these higher income taxes will affect the aggregate demand curve. What variables cause the short-run aggregate supply curve to shift

Answers

Answer:

A) Higher income taxes will cause a decrease in disposable income and this will affect personal expenditure which will cause the aggregate demand curve to shift leftwards ( decrease in price level and real GDP )

B)

i) Change in input price

ii) Change in production cost

iii) Increase in labor supply or increase in capital stocks

Explanation:

A) Effects of higher income taxes on aggregate demand curve

i) Higher income taxes will cause a decrease in disposable income and this will affect personal expenditure which will cause the aggregate demand curve to shift leftwards ( decrease in price level and real GDP )

B) The factors that will cause the short-run aggregate supply curve to shift

a) Change in input price

b) Change in production cost

c) Increase in labor supply or increase in capital stocks

Find the APR, or stated rate, in each of the following cases (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.): Stated Rate (APR) Number of Times Compounded Effective Rate (EAR) % Semiannually 10.7 % Monthly 11.6 Weekly 9.3 Infinite 13.0

Answers

Answer:

EAR = (1+APR/m)^m - 1 where m=compounding periods  

1.  0.116 = (1+APR/2)^2 - 1

(1+0.116) = (1+APR/2)^2

(1.116)^(1/2) = 1+APR/2

APR = [(1.107)^(1/2) - 1]*2

APR = [1.05214067501 - 1]*2

APR = 0.05214067501 * 2

APR = 0.10428135002

APR = 10.43%

2. 0.116 = (1+APR/12)^12-1

APR = [(1+0.116)^(1/12)-1]*12

APR = [1.116^(1/12) - 1] * 12

APR = [1.00918785692 - 1] * 12

APR = 0.00918785692 * 12

APR = 0.11025428304

APR = 11.05%

3. 0.093  = (1+APR/52)^52 - 1

APR = [(1+0.093)^(1/52) - 1] * 52

APR = [1.093^(1/52) - 1] * 52

APR = [1.0017115825  - 1] * 52

APR = 0.0017115825 * 52

APR = 0.08900229

APR = 8.90%

Explain how business can deal with unemployment as one of their initiative to address socio-economic issues ​

Answers

Answer:

Below is the required solution.

Explanation:

How can companies influence the crisis in jobs and skills? Nearly 80 case studies show three areas in which businesses can take the lead:

Work with educational and training providers to assist people in developing the skills they need in the world of workSupport startups and smaller companies to promote entrepreneurshipLink talent to markets by bridging the gap between employers and job-seekers.

Eight factors that can make programmes and practises more effective also emerge from case studies.

Build multi-sector partnershipsDevelop win-win approachesUnderstand the talent value chainBe relevant to the contextCommit leadership to the causeDesign for the futureLeverage ICTTest first, scale second

The Play It Again Sports chain carries all kinds of sports equipment at much lower prices than the typical sporting goods store. Typically, merchandise sold in the store has little, if any, wear. Being both a place for people to get rid of unwanted equipment and a source for people to buy affordable equipment and a source of new-to-you equipment,what is Play It Again Sports emphasizing? A) geographic lifestyles.B) public relations.C) the family life cycle.D) positioning.

Answers

Answer:

D) positioning.

Explanation:From the question we are informed about The Play It Again Sports chain who carries all kinds of sports equipment at much lower prices than the typical sporting goods store. Typically, merchandise sold in the store has little, if any, wear. Being both a place for people to get rid of unwanted equipment and a source for people to buy affordable equipment and a source of new-to-you equipment. In this case, Play It Again Sports is emphasizing positioning.

Positioning can be regarded as concept used by companies which involves association as well as development of a mental position in public consciousness concerning their brand as well as their products and services. minds of are usually been stuffed with different information, therefore it is important to choose a unique position in peoples mind.

When there is a capacity constraint :_________
A. firms are not maximizing their profits during high season.
B. consumers will avoid the producer and go with a firm that has extra capacity.
C. firms face sunk costs when deciding whether or not to expand.
D. firms can use peakload pricing to increase profits during periods of high demand.

Answers

Answer:

The answer is "Option D".

Explanation:

Capacity restrictions are indeed a regulation that restricts the number of items that a supplier could be assigned. Trade could be allocated to a leading provider through the constraint, or the amount of trade can be restricted for a supplier, therefore companies having resource constraints may employ peak price and increase revenue during peak times.

A firm's stock recently earned $5 per share and the firm distributed sixteen percent of its earnings as cash dividends. Its dividends grow annually at 4 percent.
a. What is the stock's price if the required rate of return is 9 percent?b. The firm borrows funds and, as a result, its per-share earnings and dividends increase by 20 percent. What happens to the stock's price if the growth rate and the required return are unaffected? What will the stock's price be if after using financial leverage and increasing the dividend to $1, the required return rises to 10 percent? What may cause this required return to rise?

Answers

Solution :

Given :

a). Value of stock earned per share =  $5

Percentage of dividends distributed = 16%

Growth of dividend annually = 4%

Calculating the value of the common stock :

[tex]$$D_0[/tex] = 16% of $5

    = 0.16 x 5

    = 0.8

k = 0.09

g = 0.04

Therefore, the stock's value is give by,

[tex]$=\frac{D_0(1+g)}{k-g}$[/tex]

[tex]$=\frac{0.8(1+0.04)}{0.09-0.04}$[/tex]

=$16.64

b). Therefore, the value of the common stock when the growth rate increases is,

[tex]$$D_0[/tex] = 0.8+20% of 0.8

     = 0.96

k = 0.09

g = 0.04

Value of stock   [tex]$=\frac{D_0(1+g)}{k-g}$[/tex]

                          [tex]$=\frac{0.96(1+0.04)}{0.09-0.04}$[/tex]

                          =$19.96

William owns 1 share of Park stock. He purchased the stock three years ago for $17.50. The stock is currently trading for $40 per share. The stock has paid the following dividends over the past three years. o Year 1: $1.00. o Year 2: $2.00. o Year 3: $3.00. What is the compounded rate of return (IRR) that William has earned on this investment

Answers

Answer:

sim eu também preciso desta respota

Juanita is the sole shareholder of Belize Corporation (a calendar-year S corporation). She is considering revoking the S election. It is February 1, year 1. What options does Juanita have for timing the effective date of the S election revocation

Answers

Answer:

January 1 Year 2 would be an effective date.

Explanation:

Juanita have two ( 2 ) options and they are

Terminating the election after March 15th Terminating the Election at the beginning of the next Financial year

Since it is already February 1 Year 1 , The most effective date for the S election revocation would be January 1 year 2 ( calendar-year of S corporation ) .

Which of the following statements is incorrect regarding the process of building a company's brand, particularly for young firms?

a. A firm's name, logo, Web site design, and even its letterhead are part of its brand.
b. One of the keys to effective branding is to create a strong personality for a firm.
c. Some companies monitor the integrity of their brands through brand management.
d. Startups must build a brand from scratch, which starts with selecting the company's name.
e. Most experts recommend a heavy reliance on advertising in building a firm's brand.

Answers

Answer: e. Most experts recommend a heavy reliance on advertising in building a firm's brand.

Explanation:

There are many ways to build a brand and while advertising is one of them, it is not the major one and experts would not recommend that a heavy reliance is placed on it.

Rather a brand can be built by instituting a robust brand management system to ensure that the brand grows through actions that show integrity and personality that will attract people to the brand regardless of if it is being advertised or not.

The December 31, 2009, balance sheet of Anna’s Tennis Shop, Inc., showed current assets of $2,584 and current liabilities of $1,191. The December 31, 2010, balance sheet showed current assets of $2,644 and current liabilities of $1,048. What was the company’s 2010 change in net working capital, or NWC?

Answers

Answer: ($203)

Explanation:

The company’s 2010 change in net working capital will be calculated thus:

Net working capital = current assets - current liabilities

For 2009, net working capital will be:

= $2,584 - $1,191

= $1393.

For 2010, net working capital will be:

= $2,644 - $1,048

= $1596

Change in net working capital will be:

= $1393 - $1596

= ($203)

XYZ Industries makes heavy construction equipment. The standard for a crane calls for 20 direct labor-hours at $24 per direct labor-hour. During a recent period 875 cranes were made. The labor efficiency variance was $1,200 Unfavorable. How many actual direct labor-hours were worked

Answers

Answer:

17,550

Explanation:

Labor efficiency variance = Standard rate * (Actual hours - Standard hours)

$1200 = $24 * (Actual hours - 875*20)

50 = Actual hours - 17,500

Actual hours = 17,500 + 50

Actual hours = 17,550

So, the actual direct labor-hours which were worked is 17,550.

A corporation had the following assets and liabilities at the beginning and end of this year. Assets Liabilities Beginning of the year $124,500 $53,373 End of the year 172,000 69,660 Owner made no investments in the business, and no dividends were paid during the year. Owner made no investments in the business, but dividends were $550 cash per month. No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange for common stock. Dividends were $550 cash per month, and the owner invested an additional $35,000 cash in exchange for common stock. Determine the net income earned or net loss incurred by the business during the year for each of the above separate cases: (Decreases in equity should be indicated with a minus sign.).

Answers

Answer:

Hence, the net income earned or net loss incurred by the business during the year $102,340.

Explanation:

Better Corp. (BC) began operations on January 1, Year 1. During Year 1, BC experienced the following accounting events: 1. Acquired $7,000 cash from the issue of common stock. 2. Borrowed $12,000 cash from the State Bank. 3. Collected $47,000 cash as a result of providing services to customers. 4. Paid $30,000 for operating expenses. 5. Paid an $8,000 cash dividend to the stockholders. 6. Paid $20,000 cash to purchase land.Required:a. Record the events in an accounting equation like the one shown next. Record the ined Earnings column. b. As of December 31, Year 1, determine the total amount of assets, liabilities, and stockholders’ equity and prepare a balance sheet.
c. What is the amount of total assets, liabilities, and stockholders’ equity as of January 1, Year 2?
d. Assume that the land has a market value of $22,000 as of December 31, Year 1. At what amount will the land be shown on the December 31, Year 1, balance sheet? Why is this amount used in the balance sheet?

Answers

Answer:

Better Corp. (BC)

a. Accounting Equation

Assets                =       Liabilities       +               Equity

1. Cash $7,000                                                   Common stock $7,000

2. Cash $12,000        Bank loan payable $12,000

3. Cash $47,000                                                Service Revenue $47,000

4. Cash ($30,000)                                              Op. expenses ($30,000)

5. Cash ($8,000)                                                Cash dividend ($8,000)

6. Land $20,000 Cash ($20,000)

Assets $28,000   =  Liabilities $12,000  + Equity $16,000

b. Total assets = $28,000

Total liabilities = $12,000

Stockholders' equity = $16,000

Balance Sheet as of December 31, Year 1

Assets:

Cash                     $8,000

Land                  $20,000

Total assets      $28,000

Liabilities:

Bank loan         $12,000

Equity:

Common stock $7,000

R/Earnings          9,000

Total equity    $16,000

Liabilities and

 Equity          $28,000      

c. Total assets = $28,000

Total liabilities = $12,000

Total equity = $16,000

d. The Land will be shown on the December 31, Year balance sheet at $20,000.  The reason is that this is the acquisition cost and the land is not held for trading (no information provided).

Explanation:

a) Data and Analysis based on the Accounting Equation:

1. Cash $7,000 Common stock $7,000

2. Cash $12,000 Bank loan payable $12,000

3. Cash $47,000 Service Revenue $47,000

4. Cash ($30,000) Operating expenses ($30,000)

5. Cash ($8,000) Cash dividend ($8,000)

6. Land $20,000 Cash ($20,000)

Identify the events that relate to process gains. Event 1: A group of individuals who spend time together are seen as a group although their togetherness is not to achieve any goals. Event 2: A group of intelligent people work as a team to produce great results. Event 3: Two brilliant tennis players do not produce good results when they play as a team. Event 4: Workers produce more when they work in small groups.

Answers

Answer: Event 2: A group of intelligent people work as a team to produce great results.

Event 4: Workers produce more when they work in small groups.

Explanation:

Process gain occurs when groups work better than what is typically expected, based on the individuals who form the work.

The events relating to process gain include:

Event 2: A group of intelligent people work as a team to produce great results.

Event 4: Workers produce more when they work in small groups.

Other options such as event 1 and 4 are process loss.

Oriole Inc. had beginning inventory of $11,400 at cost and $20,600 at retail. Net purchases were $127,926 at cost and $181,000 at retail. Net markups were $9,500, net markdowns were $6,900, and sales revenue was $148,900. Compute ending inventory at cost using the conventional retail method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)

Answers

Answer:

Ending inventory at cost using the conventional retail method is $36,498.

Explanation:

Note: See the attached excel file for the computation of Goods available for sales and Ending inventory at Retail.

From the attached excel file, we have:

Goods available for sales at Cost = $139,326

Goods available for sales at Retail = $211,100

Ending inventory at Retail  = $55,300

Therefore, we have:

Ratio of goods available for sales of Cost to Retail = Goods available for sales at Cost / Goods available for sales at Retail = $139,326 / $211,100 = 0.66, or 66%

Ending inventory at Cost = Ending inventory at Retail * Ratio of goods available for sales of Cost to Retail = $55,300 * 66% = $36,498

Therefore, ending inventory at cost using the conventional retail method is $36,498.

Houston Fashions is considering a new product line that would require an investment of $ 140,000 in fixtures and displays and $ 180,000 in working capital. Store managers expect the following pattern of net cash inflows from the new product line over the life of the investment.
Year Amount
1 ......... $70,000
2 ......... 78,000
3 ......... 72,000
4 ......... 56,000
5 ......... 50,000
6 ......... 48,000
7 ......... 44,000
a. Compute the payback period for the proposed new product line. Houston Fashions requires a four- year pre-tax payback period on its investments. (Round to one decimal point.) Should the company make this investment? Explain.
b. Should Houston Fashions use any other capital project evaluation method(s) before making an investment decision? Explain.

Answers

Answer:

4.88 years

other methods should be used because payback method does not account for the time value of money

Explanation:

Johnson thermal products used austenitic nickel chromium alloys to manufacture resistance heating wire. The company is considering a new annealing drawing process to reduce costs. Assume that the companies mar is a real 12% per year and the inflation rate is 3% per year. If the new process will cost $3.7 million now, how much must be saved each year to recover the investment in 5 years? a. $2,103,784.b. $603,784.c. $1,103,784.d. $1,603,784.

Answers

Answer:

The correct option is c. $1,103,784.

Explanation:

This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value or cost of the new process = $3.7 million = $3,700,000

P = Annual savings to recover the investment in 5 years = ?

r = interest rate = MARR + Inflation rate = 12% + 3% = 15%, or 0.15

n = number of years = 5

Substitute the values into equation (1)  and solve for P, we have:

$3,700,000 = P * ((1 - (1 / (1 + 0.15))^5) / 0.15)

$3,700,000 = P * 3.3521550980114

P = $3,700,000 / 3.3521550980114

P = $1,103,768

From the options, the closet figure to $1,103,768 is c. $1,103,784. The difference is due the difference I rounding. Therefore, the correct option is c. $1,103,784. That is, the amount that must be saved each year to recover the investment in 5 years is $1,103,784.

Better Corp. (BC) began operations on January 1, Year 1. During Year 1, BC experienced the following accounting events: 1. Acquired $7,000 cash from the issue of common stock. 2. Borrowed $12,000 cash from the State Bank. 3. Collected $47,000 cash as a result of providing services to customers. 4. Paid $30,000 for operating expenses. 5. Paid an $8,000 cash dividend to the stockholders. 6. Paid $20,000 cash to purchase land.Required:a. Record the events in an accounting equation like the one shown next. Record the ined Earnings column. Provide the appropriate titles for these accounts in the last column of the table. The first event is shown amounts of revenue, expense, and dividends in as an example.b. As of December 31, Year 1, determine the total amount of assets, liabilities, and stockholders’ equity and prepare a balance sheet.c. What is the amount of total assets, liabilities, and stockholders’ equity as of January 1, Year 2?d. Assume that the land has a market value of $22,000 as of December 31, Year 1. At what amount will the land be shown on the December 31, Year 1, balance sheet? Why is this amount used in the balance sheet?

Answers

Answer:

Better Corp. (BC)

a. Accounting Equation

Assets                =       Liabilities       +               Equity

1. Cash $7,000                                                   Common stock $7,000

2. Cash $12,000        Bank loan payable $12,000

3. Cash $47,000                                                Service Revenue $47,000

4. Cash ($30,000)                                              Op. expenses ($30,000)

5. Cash ($8,000)                                                Cash dividend ($8,000)

6. Land $20,000 Cash ($20,000)

Assets $28,000   =  Liabilities $12,000  + Equity $16,000

b. December 31, Year 1 Balances:

Total assets = $28,000

Total liabilities = $12,000

Stockholders' equity = $16,000

Balance Sheet as of December 31, Year 1

Assets:

Cash                     $8,000

Land                  $20,000

Total assets      $28,000

Liabilities:

Bank loan         $12,000

Equity:

Common stock $7,000

R/Earnings          9,000

Total equity    $16,000

Liabilities and

 Equity          $28,000      

c. January 1, Year 2 Balances:

Total assets = $28,000

Total liabilities = $12,000

Total equity = $16,000

d. The Land will be shown on the December 31, Year balance sheet at $20,000.  The reason is that this is the acquisition cost and the land is not held for trading (no information provided).

Explanation:

a) Data and Analysis based on the Accounting Equation:

1. Cash $7,000 Common stock $7,000

2. Cash $12,000 Bank loan payable $12,000

3. Cash $47,000 Service Revenue $47,000

4. Cash ($30,000) Operating expenses ($30,000)

5. Cash ($8,000) Cash dividend ($8,000)

6. Land $20,000 Cash ($20,000)

What is the process of project appraisal?

Answers

The process of project appraisal consists of five steps and they are – initial assessment, defining problem and long-list, consulting and short-list, developing options, and comparing and selecting project. The process of appraisal generally starts from the initial phase of the project.

Answer:

Đánh giá sự cần thiết của dự án , Thẩm định kỹ thuật, Thẩm định khả năng vốn tài chính dự án

Explanation:

Stout Corporation had net income of $200,000 and paid dividends to common stockholders of $40,000 in 2012. The weighted average number of shares outstanding in 2012 was 50,000 shares. Stout Corporation's common stock is selling for $75 per share on the New York Stock Exchange. Stout Corporation's price-earnings ratio is Group of answer choices 3.8 times. 15 times. 18.8 times. 12 times.

Answers

Answer:

18.8 times

Explanation:

Calculation to determine what Stout Corporation's price-earnings ratio is

Using this formula

Price-Earning Ratio = Price Per Share ÷ (Net Earnings ÷ Outstanding Shares)

Let plug in the formula

Price-Earning Ratio= $75 ÷ ($200,000 ÷ 50,000)

Price-Earning Ratio= 75 ÷ 4

Price-Earning Ratio= 18.75

Price-Earning Ratio=18.8 times (Approximately)

Therefore Stout Corporation's price-earnings ratio is 18.8 times

Which subscription level(s) in QuickBooks Online include the Receipt Capture feature?

Answers

what the person above me said ^

Oltman Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for next year:
Direct materials $25,000
Direct labor $22,000
Advertising expense $15,000
Rent on factory building $13,500
Sales salaries $28,000
Depreciation on factory equipment $6,500
Indirect materials $10,000
Insurance on factory equipment $12,000
Oltman estimated that 40,000 direct labor-hours and 20,000 machine-hours would be worked during the year. The predetermined overhead rate per machine-hour will be:___________
a) $1.05 per machine hour
b) $1.00 per machine hour
c) $2.10 per machine hour
d) $1.60 per machine hour

Answers

Answer:

Predetermined manufacturing overhead rate= $2.1 per machine hour

Explanation:

First, we need to calculate the estimated total overhead:

Total estimated overhead= Rent on factory building + Depreciation on factory equipment + Indirect materials + Insurance on factory equipment

Total estimated overhead= 13,500 + 6,500 + 10,000 + 12,000

Total estimated overhead= $42,000

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

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

Predetermined manufacturing overhead rate= 42,000 / 20,000

Predetermined manufacturing overhead rate= $2.1 per machine hour

Venus International makes customized furniture and uses job order costing. During a period, its beginning raw materials inventory was $10,000. It purchased raw materials of $20,000 and ended the period with ending raw materials inventory of $3,000. What is the cost of raw materials transferred to Work in Process Inventory

Answers

Answer:

the cost of raw materials transferred to Work in Process Inventory is $27,000

Explanation:

The computation of the cost of raw materials transferred to Work in Process Inventory is shown below

= opening inventory + purchases made - ending inventory

= $10,000 + $20,000 - $3,000

= $27,000

Hence, the cost of raw materials transferred to Work in Process Inventory is $27,000

The same should be considered

¿sí se vende mercancía en que tipo de cuenta debe registrar el IVA de dicha compra?

a) ingreso
b) costo de venta
c) costo de producción
d) pasivo

Answers

Answer:

the answer is cost of buying or cost of production

la respuesta es el costo de compra o el costo de producción

Explanation:

i speak Spanish and business is pretty easy

An error in the physical count of goods on hand at the end of a period resulted in a $10,000 overstatement of the ending inventory. The effect of this error in the current period is (use the COGS equation for the Periodic System):__________
A. Cost of Goods Sold: Understated, and Net Income: Understated
B. Cost of Goods Sold: Overstated, and Net Income: Overstated
C. Cost of Goods Sold: Understated, and Net Income: Overstated
D. Cost of Goods Sold: Overstated, and Net Income: Understated

Answers

Answer:

C. Cost of Goods Sold: Understated, and Net Income: Overstated

Explanation:

The cost of goods can be defined as the amount that a business has to pay in other for them to get an inventory. the net income can be defined as the amount of money that is left from COGS and other expenditures that does not include taxes and payments of interest. Overstating the inventory causes the total amount of earnings to be overstated for that accounting period. while the cost of good sold would be understated

Waggoner Company has a cash balance of $44,000 on April 1. The company is required to maintain a cash balance of $25,000. During April expected cash receipts are $174,000. Expected cash disbursements during the month total $200,800. During April the company will need to borrow:____.
a. $2,500.b. $3,500.c. $4,000.d. $6,000.

Answers

Answer: $7,800

Explanation:

The amount that the company needs to borrow can be found using the formula:

= Opening balance + Cash receipts - Cash to be maintained - Cash disbursement

= 44,000 + 174,000 - 25,000 - 200,800

= -$7,800

Amount to be borrowed is the shortfall of $7,800

hãy lựa chọn 1 công ty sử dụng dịch vụ nghiên cứu của marketing của các nhà cung cấp bên ngoài.
1. tìm hiểu lý do công ty phải thuê ngoài
2. những tổ chức nào đã cung cấp dịch vụ marketing cho công ty?
3. công ty thuê một phần hay thuê toàn bộ các hoạt động nghiên cứu marketing

Answers

Answer:

may I know which language

Describe an important difference in the way an economist and a businessperson might view a monopoly.

Answers

Answer:

An economist would view a monopoly as not beneficial and optimal to society. A businessperson would view monopolies as a great idea to maximize profits due to the lack of competition

Explanation:

hope it's helps you if i am sorry if my answer is wrong

Given the following, the standard cost of this item is $_____per unit.
Direct materials per unit: 2 pounds
Direct material cost: $2.50 per pound
Direct labor per unit: .75 hours
Direct labor rate: $16.00 per hour
Variable overhead rate: $8.00 per hour

Answers

Answer:

$23 per unit

Explanation:

Standard cost = Direct materials + Direct labor + Variable overhead

Standard cost = (2 pounds*$2.50 per pound) + (0.75 hours*$16.00 per hour) + (0.75 hours*$8.00 per hour)

Standard cost = $5 + $12 + $6

Standard cost = $23

So, the standard cost of this item is $23 per unit.

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