Answer:
The Jones Corporation
At the end of the period, the cost per equivalent unit for conversion costs would be closest to:
$19
Explanation:
a) Data and Calculations:
Units started during the current period = 2,500
Units completed and transferred out = 1,100
Ending inventory of units = 1,400
Degree of completion for ending inventory:
Materials = 60%
Conversion = 45%
Equivalent production:
Direct materials Conversion
Started and completed 1,100 1,100 (100%)
Ending inventory 840 (1,400 * 60%) 630 (1,400 *45%)
Total equivalent unit 1,940 1,730
Cost per equivalent unit:
Direct materials Conversion
Cost incurred $35,405 $32,870
Total equivalent unit 1,940 1,730
Cost per equivalent unit $18.25 $19
Where can a client identify the instant deposit options for their QuickBooks Payments account?
Answer:
in the settings
Explanation:
A QuickBooks payment service is a credit card processing option that is for the merchant accounts which includes the accounting software called QuickBook. It is managed by Intuit.
For instant deposit option in their QuickBooks payment account, a customer has to --
Select the Settings ⚙ button and then go to Account and settings. After that select the Payments tab and then go to the Deposit Speed section. From there select the Set a schedule for any instant deposits. Finally select the days for which you want instant deposits for.
Artificial intelligence (A.I.) is a powerful tool for aiding human decision making. This activity is important because managers need to understand the tremendous capabilities, but also the serious dangers, inherent in using A.I. The goal of this exercise is to challenge your knowledge of the applications and downsides of A.I.
Read the descriptions of various aspects of artificial intelligence. Choose whether each item is an application of A.I. or a downside of A.l.
a. Hospitals use A-I. to monitor patients and predict the risk Of death two days earlier than ever before possible.
b. A.I. sensors can alert drivers to potential hazards and accidents.
c. It is difficult to program machine learning systems to act in ways that are desired and predictable.
d. The potential to aid in human decision making
e. Al. is devoid of common sense.
f. There is the potential for Al. to be put to malicious use.
g. Machines guided by A.I. are faster and more powerful than humans when building and evaluating models and simulations to make predictions.
Answer:
a. APPLICATION
If the risk of death can be predicted ahead of time, actions can be taken to mitigate that risk.
b. APPLICATION
If A.I. sensors can alert drivers to potential accidents, the drivers can take action to avoid said accidents which means that A.I can reduce the number of accidents occurring.
c. DOWNSIDE
The difficulty in getting A.I. to act in a certain way is a downside because the A.I. can give undesirable and irrelevant responses.
d. APPLICATION
If A.I. can aid humans in decision making so that decisions are better then this is an application.
e. DOWNSIDE
Common sense is very important in certain scenarios and is A.I. is devoid of this then it will take longer to perform in scenarios where common sense was needed.
f. DOWNSIDE
A potential for A.I. to be used in nefarious and malicious ways is most definitely a downside.
g. APPLICATION.
If A.I. can make better and more effective simulations than humans, this is an application that will save costs in a lot of industries.
Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price $147
Units in beginning inventory 0
Units produced 2,200
Units sold 1,910
Units in ending inventory 290
Variable costs per unit:
Direct materials $47
Direct labor $34
Variable manufacturing overhead $5
Variable selling and administrative expense $6
Fixed costs:
Fixed manufacturing overhead $39,600
Fixed selling and administrative expense $15,280
The total gross margin for the month under the absorption costing approach is:________
Answer:
Gross Margin $82,130
Explanation:
The computation of the gross margin under the absorption costing approach is as follows:
Sales ($147 × 1,910 units) $280,770
Less:
Direct Material ($47 × 1,910 units) $89,770
Direct Material ($34 x 1,910 units) $64,940
Variable Manufacturing Overhead ($5 × 1,910 units) $9,550
Fixed Manufacturing Overhead ($39,600 ÷ 2,200 units) × $1,910 units $34,380
Gross Margin $82,130
aron Company has a process costing system. All materials are introduced when conversion costs reach 50 percent. The following information is available for physical units during March
Work in process, March 1 (60% complete as to conversion costs) 150,000Units started in March 600,000Units transferred to Finishing Department in March 630,000Work in process, March 31 (40% complete as to conversion costs) 120,000Compute the equivalent units for materials costs and for conversion costs using FIFO method
Answer:
Equivalent units of production for materials
Opening work in process was complete with respect to materials so not EUP there.
Closing work in process was complete as well.
EUP for materials is:
= Units transferred to Finishing Department - opening WIP
= 630,000 - 150,000
= 480,000 units
Equivalent units of production for conversion
= EUP opening work in process + units transferred to finishing department + EUP closing work in process
= (40% * 150,000) + 480,000 + (40% * 120,000)
= 60,000 + 480,000 + 48,000
= 588,000 units
EUP opening work in process already had 60% of conversion cost incurred in previous period so only 40% will be incurred in present period.
Which of the following careers does NOT work with patients or the public?
A.
Social worker
B.
Laboratory technician
C.
Hair stylist
D.
Substance abuse counselor
Answer:
B. Laboratory technician
Explanation:
Laboratory technicians don't work with patients or the public.
Answer:
B.Laboratory technician
Explanation:
"A lab technician analyzes samples such as body fluids and chemicals. They assist scientists and medical personnel with tasks such as keeping records and conducting tests." They do not have patients, or work with the public, they work for them, to make scientific analises. Hope this help!!
In early 2018, selected automobiles had an average cost of $20,000. The average cost of those same motor vehicles is now $24,000. What was the rate of increase for this item over this time period
Answer:
20%
Explanation:
Calculation for What was the rate of increase for this item over this time period
Using this formula
Rate of increase= (Ending avarage cost − Beginning avarage cost )/ Beginning avarage cost
Let plug in the formula
Rate of increase= ($24,000 − $20,000) / $20,000
Rate of increase= $4,000/$20,000
Rate of increase= 0.2*100
Rate of increase= 20%
Therefore the rate of increase for this item over this time period is 20%
When a process is in control, it results in there being, on average, 16 defects per unit of output. c-chart limits of 8 and 24 would lead to a
Answer:
4.56%
Explanation:
From the given information:
In a c-chart limit
UCL = [tex]\bar c+ z \times \sqrt{\bar c }[/tex]
where;
[tex]\bar c = 16[/tex]
UCL = 24
Then:
[tex]24 = 16 + z \times \sqrt{24}[/tex]
[tex]24 -1 6 = z \times \sqrt{24}[/tex]
[tex]8 = z \times 4.89[/tex]
[tex]z = \dfrac{8}{4.89}[/tex]
z [tex]\simeq[/tex] 2.0
At z = 2.0, the value represents the probability of 95.44% of not making a Type 1 error.
This implies that the probability of making a Type 1 error = 1 - 95.44%
= 4.56%
Linda owns a cosmetics manufacturing and retail business. She plans to launch a new product, and wants to make a product announcement to some of her chosen regular clients. Which mode of business communication might serve Linda’s purpose? A. email B. business letter C. memorandum D. fax
Answer:
the correct answer is B. business letter
Explanation:
Business letters are printed modes of formal communication with external stakeholders. Such letters are usually short and include specific details. Invoices, payment-due notices, customer complaints, and product announcements are examples of business letters.
For the purpose of mass communication regarding new product announcement to the regular clients, Linda may use the modes of communication like email.
What are the modes of communication?Modes of communication are such modes, which are used to convey a message or a part of communication to an individual or a group at a given time and for a specific purpose.
In the above situation, Linda might have the email addresses of her regular customers. With the help of communication modes like email, she might be able to make an announcement of a new product to her clients.
Hence, option A; email serves as the best mode of communication for Linda to convey the message of new product announcement to her regular clients.
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Ronnie's Custom Cars purchased some fixed assets two years ago for $50,000. The assets are classified as 5-year property for MACRS. Ronnie is considering selling these assets now so he can buy some newer fixed assets which utilize the latest in technology. Ronnie has been offered $27,000 for his old assets. What is the net cash flow from the salvage value if the tax rate is 34 percent
One of the main tools used by economists to measure the actual distribution of income in an economy is:
Answer: Lorenz curve
Explanation:
One of the main tools used by economists to measure the actual distribution of income in an economy is known as the Lorenz curve.
The Lorenz curve Lorenz curve is a graph that shows the inequality witybrwgrds to the income and wealth distribution for a particular economy. The x-axis on the graph shows the population, while the y-axis shows the wealth.
State two goals you hope to achieve through applying your coursework this term to your workplace experience.
Explanation:
1. Improve communication skills
2. Apply customer relationship marketing
The current business scenario is globalized and highly competitive, the social dynamics resulting from globalization and new technologies have changed the demands and relations between company / consumer, this new parameter requires companies to be promoters of society's well-being, acting with socio-environmental responsibility in the market, which means that this includes the relationship with all its stakeholders.
Therefore, it is essential that interpersonal communication skills are improved in a management-oriented course and applied to the work environment, as organizations have more and more responsibilities when dealing with people, and negotiation and communication skills with people are increasingly valued. different nationalities and culture, with ethics in communication being an essential factor.
Relationship marketing is also another essential factor that must be applied in the workplace, especially if you work directly with the customer or work using the internet, since companies are closer to customers, and must generate value and engagement that creates market identification and positioning.
A goal is termed as the idea of the future result that is committed to achieving. It can be a plan or envision that is to be accomplished by a group of persons. The deadline is set for the accomplishment of the goals by the group of people.
The two goals to achieve in the workplace are:
1. Improve communication skills
2. Apply customer relationship marketing
The current business scenario is globalized and highly competitive, the social dynamics resulting from globalization and new technologies have changed the demands and relations between company and the consumer. Relationship marketing is also another essential factor that must be applied in the workplace.
Therefore, it is essential that interpersonal communication skills are improved in a management-oriented course and applied to the work environment, as organizations have more and more responsibilities when dealing with people, and negotiation and communication skills with people are increasingly valued.
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Problems and Applications Q9 Indicate whether each of the following statements is true or false. Statement True False 1. There can be no gains from trade between two countries if one of them has an absolute advantage in the production of all goods. 2. Comparative advantage determines the gains from specialization and trade. 3. If a certain trade is good for one country, it can't be good for the other country. 4. Two individuals can benefit from specialization and trade if they agree upon a price that lies between their opportunity costs of producing the good. 5. When a country opens to trade, people working in industries producing goods that the country exports are harmed by the trade.
Answer:
1. FALSE
There can still be gains from trade if one country has an Absolute advantage in the production of all goods because having absolute advantage does not mean that it has comparative advantage. If they did have comparative advantage in all goods then there would be no gain.
2. TRUE
As shown in the explanation above, gains from trade are determined by comparative advantage. If a country has comparative advantage in a good, it can gain from trading for a good it does not have comparative advantage in.
3. FALSE
Trade can and should be mutually beneficial to both countries.
4. TRUE
If both parties agree to a price that lies between their opportunity costs, they can make gains because they would be making more than their opportunity costs.
5. FALSE
The country has opened up to trade which means that the good they export now has a larger market to sell to. This will be beneficial to the people in the exporting industry as they will sell more and thus make more money.
which market structure p
redominantly uses product differntation
describe the cycle that dictates the economic ups and down of the hotel industry
The terms of business cycle which includes expansion, growth, peak, recession describes the Ups and down of the hotel industry
Business cycle refers to the cyclical upswings and downswings of a business in its output, employment, income, sales etc
The 4 stages of business cycle includes:
expansionpeakcontractiontrough/recession.In conclusion, the terms of business cycle which includes expansion, growth, peak, recession describes the Ups and down of the hotel industry
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Horford Co. has no debt. Its cost of capital is 8.9 percent. Suppose the company
converts to a debt-equity ratio of 1.0. The interest rate on the debt is 5.7 percent. Ignore
taxes for this problem.
a. What is the company's new cost of equity? (Do not round intermediate calculations
and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
b. What is its new WACC? (Do not round intermediate calculations and enter your
answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer:
A. 12.1%
B. 8.9%
Explanation:
a. Calculation for What is the company's new cost of equity
Using this formula
New cost of equity=Cost of capital+[(Cost of capital- Debt interest rate ) *(Debt-equity ratio)*(1)]
Let plug in the formula
New cost of equity=[0.089+[(0.089-0.057)*(1)*1]
New cost of equity=[0.089+0.032*(1)*1]
New cost of equity=[0.121*(1)*1]
New cost of equity=0.121*100
New cost of equity=12.1%
Therefore the company's new cost of equity will be 12.1%
b. Calculation for What is its new WACC
Particular Weight Cost Weighted cost
Equity 0.5000 *12.1% = 0.0605
Debt 0.5000 * 5.7% =0.0285
WACC =0.089*100
WACC =8.9%
(0.0605+0.0285)
Therefore the new WACC will be 8.9%
differentiate between a department with line responsibility and a department with staff responsibility
Answer:
While a department with line responsibility is directly involved in the daily activities and management of the business, a department with staff responsibility simply provides support for the line managers.
Explanation:
The line department consists of the chain of leaders whose positions in the organization are clearly differentiated from those of their subordinates. They make decisions and supervise the daily affairs of the business. Examples of these include; the department heads, the president, the production supervisors, etc.
A department with staff responsibility provides support for the department with line responsibility. Examples of personnel in the line department are the legal advisers and the human resource staff. The legal advisers provide support by advising the line managers on the lawful means to transact their business activities.
Stratton shipyards has 10 million dollars of sales and six million of operating cost including depreciation the company has 20 million of investor supplied operator Capital that has a cost of capital of 10% what is the firm's economic value-added to get from the company's overall tax rate of 40%
Answer:
Stratton Shipyards
The firm's economic value-added is:
$0.4 million
Explanation:
a) Data and Calculations:
Sales revenue = $10 million
Operating cost = 6 million
Pre-tax Income = $4 million
Income tax (40%) 1.6 million
After tax income $2.4 million
EVA = $2.4 million - ($20 million * 10%)
= $0.4 million
b) Stratton Shipyards Economic Value-Added (EVA) = the Net Operating Profit after Tax (NOPAT) – the product of the weighted average cost of capital (WACC) * capital invested. The EVA shows the real value creation by the company above its cost of capital.
United Airlines and Continental Airlines decided to merge, in part because the companies had little overlap in their domestic routes and hubs. This is an example of
Answer: Synergy
Explanation:
Synergy simply refers to an interaction or a cooperation that exists between two or more organizations, in order to have a greater combined effort which is vital for the achievement of organization goals.
When there is a combined effort of the organizations, the achievement of success would be possible. Therefore, United Airlines and Continental Airlines merging because the companies had little overlap in their domestic routes and hubs is an example of synergy.
The LaGrange Corporation had the following budgeted sales for the first half of the current year:
Cash Sales Credit Sales
January $60,000 $160,000
February $65,000 $180,000
March $50,000 $140,000
April $45,000 $130,000
May $55,000 $210,000
June $90,000 $240,000
The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled:
Collections on sales:
45% in month of sale
35% in month following sale
20% in second month following sale
The accounts receivable balance on January 1 of the current year was $85,000, of which $55,000 represents uncollected December sales and $30,000 represents uncollected November sales.
The total cash collected during January by LaGrange Corporation would be:_________
Answer:
$168,250
Explanation:
Total Cash Collection would include cash collected from both Cash Sales and Credit Sales.
Summary for Calculation of January Cash Collected
Cash Sales $60,000
Credit Sales :
For January Sales ($160,000 × 45%) $72,000
For December Sales ($55,000 × 55%) $30,250
For November Sales ($30,000 × 20%) $6,000
Total Collection $168,250
Conclusion :
The total cash collected during January by LaGrange Corporation would be $168,250
The total cash collected during January by LaGrange Corporation would be:$197,000.
Cash collected:
November receivables collections $30,000
December receivables collections $35,000
($55,000 × 35%/55%)
January cash sales $60,000
January credit sales collection $72,000
($160,000×45%)
Total collection $197,000
Inconclusion the total cash collected during January by LaGrange Corporation would be:$197,000.
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A newly formed firm must decide on a plant location. There are two alternatives under consideration: locate near the major raw materials or locate near the major customers. Locating near the raw materials will result in lower fixed and variable costs compared to locating near the market, but the owners believe there would be a loss in sales volume because customers tend to favor local suppliers. Revenue per unit will be $179 in either case. Revenue per unit will be $183 in either case. Using the following information, determine which location would produce the greater profit.
Omaha Kansas city
Annual fixed costs ($ millions) $1.2 $1.4
Variable cost per unit $36 $47
Expected annual demand (units) 8,000 12,000
Answer:
locate near the major raw materials
Explanation:
Jesse wants to work as a public relations specialist. What academic requirements should he complete?
A.
a bachelor’s degree
B.
on-the-job training
C.
a technical program
D.
a doctorate degree
E.
high school
List and briefly describe three popular forms of ownership used in the lodging industry that allow for rapid expansion.
Answer:
Three popular forms are; Franchising, Management Contracts & Vacation Ownership. They are explained below
Explanation:
Three popular forms are; Franchising, Management Contracts & Vacation Ownership.
1) Franchising: This is a well-known marketing strategy that's used for business expansion and it's simply an arrangement whereby one party named the "franchisor" will grant or license some of it's rights and authorities to another party named the "franchisee".
It works such that a contractual agreement would be in place between Franchisor and Franchisee. In this agreement, the Franchisor will authorize the franchisee to sell their goods, products & services and give them rights to use their brand name & trademark.
2) Management contracts: This is simply an arrangement whereby the operational control of an entire enterprise will be vested by contract in a separate enterprise that will perform the necessary managerial functions in exchange for a specific fee. Now, management contracts are not just about selling a method of doing things but also about actually doing them.
3) Vacation ownership: This is a term used to refer to owning a timeshare.
Now, the mode of operation is usually a deeded ownership where we purchase a fraction of our favorite resort. The fraction is usually sold in weekly increments but then is also converted into points that can be used all around the world.
intends on adding a new product line. the contribution margin ratio for the new product is 0.2. they have a target operating income of $60,000, and targeted sales volume in dollars is $480,000. then total fixed costs must be: g
Answer:
The total fixed costs must be:
$36,000.
Explanation:
a) Data and Calculations:
Contribution margin ratio for the new product = 0.2
Target operating income = $60,000
Targeted sales volume in dollars = $480,000
Fixed costs = targeted sales volume in dollars multiplied by contribution margin ratio, minus target operating income
Fixed costs = ($480,000 * 0.2) - $60,000 = $36,000
b) The focus should be on the break-even formula for dollar sales with a target profit. When the formula is reversed, the fixed costs can be calculated as shown above.
Lawn Master Company, a manufacturer of riding lawn mowers, has a projected income for the coming year as follows: Sales $ 36,000,000 Operating expenses: Variable expenses $ 19,800,000 Fixed expenses 8,100,000 Total expenses 27,900,000 Operating profit $ 8,100,000 Required: 1. Determine the breakeven point in sales dollars. 2. Determine the required sales in dollars to earn a before-tax profit of $9,135,000. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) 3. What is the breakeven point in sales dollars if the variable expenses increases by 9%
Answer:
Lawn Master Company
1. Break-even point in sales dollars:
= $18,000,000
2. Required sales in dollars to earn a before-tax profit of $9,135,000:
= $38,300,000
3. The break-even point in sales dollars if the variable expenses increases by 9%:
= $20,224,719
Explanation:
a) Data and Calculations:
Sales $ 36,000,000
Operating expenses:
Variable expenses $ 19,800,000
Contribution margin $16,200,000
Fixed expenses 8,100,000
Total expenses 27,900,000
Operating profit $ 8,100,000
Contribution margin ratio = $16,200,000/$36,000,000 * 100 = 45%
Break-even point in sales dollars = Fixed cost/Contribution margin
= $8,100,000/0.45 = $18,000,000
Break-even point in sales dollars to earn a before-tax profit of $9,135,000
= (Fixed cost + target profit)/Contribution margin ratio
= ($8,100,000 + $9,135,000)/0.45
= $17,235,000/0.45
= $38,300,000
Break-even point in sales dollars if the variable expenses increase by 9%
Increased variable expenses = $21,582,000 ($ 19,800,000 * 1.09)
Contribution margin will reduce to $14,418,000 ($36,000,000 - $21,582,000)
Contribution margin ratio = $14,418,000/$36,000,000 * 100 = 0.4005
Therefore, break-even point in sales dollars = Fixed cost/0.4005
= $8,100,000/0.4005
= $20,224,719
What is a political argument for regional economic integration? Multiple Choice It reduces the potential for violent conflict. It creates opportunities for entrepreneurism. It tends to increase national sovereignty. It stimulates economic growth. It increases trade diversion.
Answer:
The political argument for regional economic integration is that:
It reduces the potential for violent conflict.
Explanation:
Regional economic integration is a well-known tool for reducing violent conflict between nations within a geographic region. Other benefits include the creation of economic opportunities for entrepreneurs with expanded markets. It thereby stimulates economic growth within the region. It does not increase national sovereignty but increases trade diversion from productive exporters to less capable nations.
As part of the initial investment, Ray Blake contributes equipment that had originally cost $101,300 and on which accumulated depreciation of $75,975 has been recorded. If similar equipment would cost $158,400 to replace and the partners agree on a valuation of $51,500 for the contributed equipment, what amount should be debited to the equipment account
Answer:
This is a repeat question on Brainly but here you go.
$51,500Whether original cost or replacing cost is given in the question but we considered that cost in which the partner give their consent
So, the equipment amount should be debited at $51,500 instead of the original cost or the replacing cost
Select the correct answer.
Someone who scores mostly "yes" answers in the social category of the RIASEC would probably not enjoy a career in
A Research
B. Social work
C Nursing
D Teaching
Answer:
D
Explanation:
Answer:
D, Teaching
Explanation:
have a nice day
The 2019 balance sheet of Dyrdek’s Skate Shop, Inc., showed $530,000 in the common stock account and $2.3 million in the additional paid-in surplus account. The 2020 balance sheet showed $570,000 and $2.5 million in the same two accounts, respectively. If the company paid out $320,000 in cash dividends during 2020, what was the cash flow to stockholders for the year?
Answer:
$80,000
Explanation:
[tex]The \ expression \ for \ calculating \ cash \ flow \ to \ stockholders \ is:[/tex]
[tex]Cashflow \ = \ Dividend \ paid \ during \ the \ year \ - \ change \ in \ t he \ value \ of \ common \ stock \ during \ - \ change \ in \ value \ of \ stock \ in \ the \ previous \ year[/tex][tex]Here;[/tex]
[tex]Change \ in \ value \ of \ Common \ stock \ during \ the \ year \ =[/tex] [tex]\ Value \ of \ Common \ stock \ of \ the \ Curren t \ Year - Value\ of \ Common \ stock \ of \ the \ Previous \ Year[/tex]
[tex]Change \ in \ valu e \ of \ Additional \ paid \ in \ surplus \ account \ during \ the \ year =[/tex]
[tex]Value \ of \ Additional \ paid \ in \ surplus \ account \ o f \ the \ Current \ Year \ -[/tex] [tex]\ Value \ of \ Additional \ paid \ in \ surplus \ account \ of \ th e \ Previous \ Year[/tex]
From the information given:
[tex]Dividend \ Payment \ during \ the \ year[/tex] 2020 = $320000
[tex]Value \ of \ stock \ in \ current \ yr[/tex]= i.e. 2020 = $570000
[tex]Value \ of \ stock \ in \ previoius \ yr[/tex] = i.e. 2019 = $530000
Change = $570000 - $530000 = $40,000
[tex]Value \ of \ Ad ditional \ paid-in \ surplus \ acct \ of \ the \ current \ year[/tex] = $2,500,000
[tex]Value \ of \ Ad ditional \ paid-in \ surplus \ acct \ of \ the \ previous \ year[/tex] = $2,300,000
Change = $2,500,000 - $2,300,000 = $ 200000
∴
[tex]By \ using \ the \ above \ information \ in \ the \ formula \ for \ calculating \ the \ cash \ flow \ to[/tex]
[tex]\ stackholder, \ we \ get:[/tex]
= $320000 - $40,000 - $ 200000
= $80,000
Fun Stuff Manufacturing produces frisbees using a three-step sequential process that includes molding, coloring and finishing. When the frisbees and associated costs are transferred from the molding process to the coloring process, which account is debited
Answer:
✓Debit to WIP Inventory-Finishing
✓credit to WIP Inventory-Coloring.
Explanation:
From the question, we are informed about Fun Stuff Manufacturing produces frisbees using a three-step sequential process that includes molding, coloring and finishing. When the frisbees and associated costs are transferred from the molding process to the coloring process, WIP Inventory-Finishing is to be debited, while WIP Inventory-Coloring is credited in the journal entry . WIP can be regarded as part of the overhead cost as well as raw materials, and labor cost at each stages during the process of production. When recording on the journal entry, journal entry can be regarded helps in recording any transaction as far as accounting system is concerned. Several recording are found in journal, and can fall in debit or credit side . At the journal entry, Debit side is at the left-hand side and credit side is at the right-hand side
otal asset turnover 2.6 Profit margin 6.6 % Equity multiplier 1.5 Payout ratio 25 % What is the sustainable growth rate?
Answer:Sustainable growth rate =0.19305=19.305%
Explanation:
Sustainable growth rate is calculated as
Return on equity X (1 - dividend payout ratio)
But
Return on equity = profit margin X total asset turnover X equity multiplier
= 6.6% X 2.6 X 1.5
= 0.2574 X 100
=25.74%
The dividend payout ratio is 25% or 0.25
Sustainable growth rate =25.74% X (1-0.25)
=0.2574 X 0.75
=0.19305 X 100
=19.305%
