The Refining Department of​ SweetBeet, Inc. had​ 79,000 tons of sugar to account for in July. Of the​ 79,000 tons,​ 49,000 tons were completed and transferred to the Boiling​ Department, and the remaining​ 30,000 tons were​ 50% complete. The materials required for production are added at the beginning of the process. Conversion costs are added evenly throughout the refining process. The​ weighted-average method is used. Calculate the total equivalent units of production for direct materials.

Answers

Answer 1

Answer:

79,000 tons

Explanation:

When you use the weighted average method for determining equivalent units, the total number of equivalent units = units completed and transferred out + equivalent units in ending inventory.

In this case, since the materials are added at the beginning of the production process, all the units are 100% complete regarding direct materials.


Related Questions

g Willow Creek Company purchased and installed carpet in its new general offices on April 30 for a total cost of $18,000. The carpet is estimated to have a 15-year useful life and no residual value. a. Prepare the journal entry necessary for recording the purchase of the new carpet. If an amount box does not require an entry, leave it blank. Apr. 30 b. Record the December 31 adjusting entry for the partial-year depreciation expense for the carpet, assuming that Willow Creek uses the straight-line method. Do not round intermediate calculations. If an amount box does not require an entry, leave it blank. Dec. 31

Answers

Answer:

a. The journal entry for recording the purchase of the new carpet would be as follows:

April 30 Debit   Credit

Carpet $18,000  

Cash      $18,000

b. The journal entry would be as follows:

December 31                                  Debit       Credit

Depreciation expense - carpet $800  

Accumulated depreciation- carpet  $800

Explanation:

a. The journal entry for recording the purchase of the new carpet would be as follows:

April 30 Debit   Credit

Carpet $18,000  

Cash      $18,000

b.  According to the given data, the carpet is estimated to have a 15-year useful life and no residual value, therefore the December 31 adjusting entry for the partial-year depreciation expense for the carpet would be to debit Depreciation expense - carpet for $800 and to credit Accumulated depreciation- carpet for $800.

The journal entry would be as follows:

December 31                                  Debit       Credit

Depreciation expense - carpet $800  

Accumulated depreciation- carpet  $800

Ratios are generally calculated from historical data. Of what use are they in assessing

the firm’s future financial condition?​

Answers

I would say by the firm calculating their reports from before it usually shows where the company should stand for tears to come

Explanation:

Apple Inc. designs, manufactures, and markets personal computers and related software. Apple also manufactures and distributes music players (iPod) and mobile phones (iPhone) along with related accessories and services, including online distribution of third-party music, videos, and applications. The following information was taken from a recent annual report of Apple: Property, Plant, and Equipment (in millions): Current Year Preceding Year Land and buildings $ 6,956 $ 4,863 Machinery, equipment, and internal-use software 37,038 29,639 Other fixed assets 5,263 4,513 Accumulated depreciation and amortization (26,786) (18,391)
a. Compute the book value of the fixed assets for the current year and the preceding year. Current year book value (in millions) $ Preceding year book value (in millions) $ A comparison of the book values of the current and preceding years indicates that they increased . A comparison of the total cost and accumulated depreciation reveals that Apple purchased $ million of additional fixed assets, which was offset by the additional depreciation expense of $ million taken during the current year.
b. Would you normally expect Apple's book value of fixed assets to increase or decrease during the year?

Answers

Answer:

Explanation:

                                                       current year($)      preceeding year($)

Land and building                           6956                        4863

Machinery ,equipment                     37038                        29639

internal-use software

Other fixed asset                             5263                         4513

Total asset                                     49257                         39015

less:Accumulated depreciation     -26786                -18391

and amortization

Book value                                       22471                 20624

Additional fixed asset purchased : 49257 - 39015 = 10242 million

Depreciation : 26786 - 18391 = 8395

b) It is generally expected that apple fixed asset will increase as it requires latest fixed asset and technology for its manufacturing process.

Piedmont Hotels is an all-equity company. Its stock has a beta of .94. The market risk premium is 7.5 percent and the risk-free rate is 3.3 percent. The company is considering a project that it considers riskier than its current operations so it wants to apply an adjustment of 2.5 percent to the project's discount rate. What should the firm set as the required rate of return for the project

Answers

Answer:

Required rate of return for the project = 9.7%

Explanation:

The risk-adjusted discount factor = cost of equity + the adjustment

Cost of equity can be calculated using the capital asset pricing model CAPM

Using the CAPM , the rate of return on equity can be determined as follows:

E(r)= Rf +β(Rm-Rf)

E(r) =? , Rf- 3.3%, Rm- 7.5%, β- 0.94

Cost of equity = Rf + β (Rm -Rf)

Cost of equity = 3.3% + 0.94×(7.5-3.3)= 7.248

The risk-adjusted discount factor=  7.248 + 2.5= 9.748

Required rate of return for the project = 9.7%

A company determined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 86000 units on hand, the sales department budgeted sales of 370000 units in June, and the company desires to have 160000 units on hand on June 30. The budgeted cost of goods sold for June would be

Answers

Answer:

The budgeted cost of goods sold for June would be $ 13,320,000

Explanation:

Budgeted cost per unit = $30

Sales budget = 370,000 units

Less: Beginning inventory = 86,000 units

Add: Ending inventory = 160,000 units

Therefore budgeted cost of goods sold for June = (370,000 - 86,000 + 160,000) × $30

= 444,000 × $30

= $13,320,000

Blossom Co. leased machinery from Young, Inc. on January 1, 2020. The lease term was for 8 years, with equal annual rental payments of $5,800 at the beginning of each year. In addition, the lease provides an option to purchase the machinery at the end of the lease term for $1,500, which Blossom is reasonably certain it will exercise as it believes the fair value of the machinery will be at least $5,000. The machinery has a useful life of 10 years and a fair value of $43,000. The implicit rate of the lease is not known to Blossom. Blossom’s incremental borrowing rate is 9%. Prepare Blossom’s 2020 journal entries

Answers

Answer and Explanation:

The Journal entry is shown below:-

1. Right of use Dr, $35,743.93

                   To lease liability $35,743.93

(Being lease assets and lease liability is recorded)

Working note as attached using spreadsheet

Here we debited the right of use as it increased the assets and we credited the lease liability as it also increased the liability

2. Lease liability Dr, $5,800

                To Cash $5,800

(Being payment on lease liability is recorded)

Here, we debited the lease liability as it decrease the liability and we credited the cash as  it decreased the asset

3. Interest expenses Dr, $2,694.95

               To Lease liability $2,694.95

(Being interest expenses is recorded)

Here we debited the interest expense as it increased the expenses and we credited the leased liability as it increased the liability

4. Amortization expenses Dr, $3,574.39    ($35,743.93 ÷ 10 )

                 To Right of use $3,574.39

(Being amortization expenses is recorded)

Here we debited the amortization expenses as it increase the expenses and we credited the right of use as it reduced the assets  

Working Note

Interest expenses = (Lease liability - First lease payment) × Incremental borrowing rate

= ($35,743.93 - $5,800) × 9%

= $2,694.95

Bonnie Jo purchased a used camera (five-year property) for use in her sole proprietorship. The basis of the camera was $3,000. Bonnie Jo used the camera in her business 60 percent of the time and used it for personal purposes the rest of the time during the first year. Calculate Bonnie Jo's depreciation deduction during the first year, assuming the sole proprietorship had a loss during the year. (Bonnie did not place the property in service in the last quarter.)

Answers

Answer:

$360

Explanation:

The computation of the depreciation deduction during the first year is shown below:

= Basis of the camera × given percentage × weightage

= $3,000 × 60% × 20%

= $360

Since the 60% is used for business and 40% used for personal

And there is a recovery period of assets of 5 years so  half year convention period applies

Waterways puts much emphasis on cash flow when it plans for capital investments. The company chose its discount rate of 8% based on the rate of return it must pay its owners and creditors. Using that rate, Waterways then uses different methods to determine the best decisions for making capital outlays.
In 2017 Waterways is considering buying five new backhoes to replace the backhoes it now has. The new backhoes are faster, cost less to run, provide for more accurate trench digging, have comfort features for the operators, and have 1-year maintenance agreements to go with them. The old backhoes are working just fine, but they do require considerable maintenance. The backhoe operators are very familiar with the old backhoes and would need to learn some new skills to use the new backhoes.
The following information is available to use in deciding whether to purchase the new backhoes.
Old Backhoes New Backhoes
Purchase cost when new $90,000 $200,000
Salvage value now $42,000
Investment in major overhaul needed in next year $55,000
Salvage value in 8 years $15,000 $90,000
Remaining life 8 years 8 years
Net cash flow generated each year $30,425 $43,900
Required:
1. Evaluate in the following ways whether to purchase the new equipment or overhaul the old equipment. (Hint: For the old machine, the initial investment is the cost of the overhaul. For the new machine, subtract the salvage value of the old machine to determine the initial cost of the investment.)
a. Using the net present value method for buying new or keeping the old
b. Using the payback method for each choice. (Hint: For the old machine, evaluate the payback of an overhaul.)
c. Comparing the profitability index for each choice.
d. Calculate the internal rate of return for the new and old blackhoes.
e. Comparing the internal rate of return for each choice to the required 8% discount rate.

Answers

Answer:

Explanation:

Base on the scenario been described in the question,Hey, since there are multiple sub-parts posted, we will answer first three sub-parts. If you want any specific sub-part to be answered then please submit that sub-part only or specify the question number in your message.

2

Compute the net present value to make decision for buying the new Backhoes or keeping the old:

We can fine the calculations in the file attached below

Early in 2021, the Excalibur Company began developing a new software package to be marketed. The project was completed in December 2021 at a cost of $36 million. Of this amount, $24 million was spent before technological feasibility was established. Excalibur expects a useful life of five years for the new product with total revenues of $60 million. During 2022, revenue of $18 million was recognized. Required: 1. Prepare a journal entry to record the 2021 development costs. 2. Calculate the required amortization for 2022. 3. Determine the amount to report for the computer software costs in the December 31, 2022, balance sheet.

Answers

Answer:

Dr research and development expense $24,000,000

Dr computer software costs                     $12,000,000

Cr Cash                                                                     $36,000,000                                                                      

Amortization is $3,600,000

Balance sheet balance in 2022 is $8,400,000

Explanation:

The cash of $36 million spent would be credited to cash account as an outflow of cash while $24 million would be debited to research and development expense account with the balance of $12 debited to computer software costs  as asset

amortization for 2022=cost of software*revenue in 2022/total estimated revenue=$12,000,000*$18,000,000/$60,000,000=$3,600,00

Amount of computer software at 31 December 2022=$12,000,000-$3,600,000=$ 8,400,000

On December 31, Westworld Inc. has the following equity accounts and balances: Retained Earnings, $50,500; Common Stock, $2,100; Treasury Stock, $3,100; Paid-In Capital in Excess of Par Value, Common Stock, $40,100; Preferred Stock, $8,100; and Paid-In Capital in Excess of Par Value, Preferred Stock, $4,100. Prepare the stockholders’ equity section of Westworld’s balance sheet. (Negative amount(s) should be indicated by a minus sign.)

Answers

Answer:

$101,800

Explanation:

Westworld Inc.

Stockholder's equity section

Paid in the capital:

Particulars Amount Amount

Common stock $2,100

Additional paid-in capital in excess of par value-Common stock $40,100

Total$42,200

Preferred Stock $8,100

Additional paid-in capital in excess of par value-Preferred Stock $4,100

Total $12,200

Total Paid-in capital $54,400

($42,200+$12,200)

Retained earnings $50,500

Total Paid-in capital and Retained earnings $104,900

($54,400+$50,500)

Less: Treasury stock $-3,100

Total Stockholder's equity $101,800

The value of the total stockholder's equity will be $101800.

The stockholders’ equity section of Westworld’s balance sheet will be calculated thus:

Common stock = $2100Add: Additional paid in capital = $40100Add: Preferred stock = $8100Add: Additional paid in capital for preferred stock = $4100Add: Retained earnings = $50500Less: Treasury stock = $3100Total stockholders equity = $101800

Read related link on:

https://brainly.com/question/16447368

Assume the economy of country C produces hotdogs and buns in the following quantities and prices in 2016 and 2017. Assume also that 2016 is the base year and the real GDP will be calculated using 2016 prices. What is the real GDP 2017? Hot Dogs Buns Quantity Price Quantity Price Year 2016 (base year) 6 million $2 4 million $1 Year 2017 8 million $3 6 million $2 a. $22 million. b. $26 million c. $16 million. d. $36 million.

Answers

Answer:

Option (a).

Explanation:

According to the scenario, computation of the given data are as follow:-

Real GDP = Base Year Price × Current Year Quantity

Real GDP in 2016= $2 × 6 million + $1 × 4 million

= $12 million + $4 million = $16 million

Real GDP in 2017 = $2 × 8 million + $1 × 6 million

= $16 million + $6 million = $22 million

According to the analysis, the real GDP in 2017 is $22 million. So (a) option is correct.

In 2020, Marigold Corp., issued for $102 per share, 86000 shares of $100 par value convertible preferred stock. One share of preferred stock can be converted into three shares of Marigold's $25 par value common stock at the option of the preferred stockholder. In August 2021, all of the preferred stock was converted into common stock. The market value of the common stock at the date of the conversion was $30 per share. What total amount should be credited to additional paid-in capital from common stock as a result of the conversion of the preferred stock into common stock?

Answers

Answer:

$2322,000

Explanation:

The computation of amount credited to additional paid-in capital is shown below:-

Amount credited to additional paid-in capital = Issued per share × Number of shares) - (Number if shares × Preferred stock shares converted into three shares × Par value of common stock

= ($102 × 86,000) - (86,000 × 3 × $25)

= $8,772,000 - $6,450,000

= $2322,000

So, for computing the amount credited to additional paid-in capital we simply applied the above formula.

Gratuities: A customer has a large sailing yacht on a vessel that your company will be discharging. The customer is present and is watching the off-loading operation. The five stevedores you manage pull off a very tricky maneuver, safely transferring the yacht to the trailer. The customer is elated, and reaches into his pocket, pulling out a big wad of $50 bills. What do you do?

Answers

Answer:

The answer is "Shifting".

Explanation:

Some information, that is choices is missing in the question so that the correct option can be identified as follows:

We assume, that the company is doing, as per the given scenario, it set out from the Query, the Market of Packers, and adjusting operation involving shifts to one position of industrial vehicles.

In January 2020, Sunland Company, a newly formed company, issued 10300 shares of its $8 par common stock for $13 per share. On July 1, 2020, Sunland Company reacquired 1030 shares of its outstanding stock for $10 per share. The acquisition of these treasury shares decreased total stockholders' equity. increased total stockholders' equity. did not change total stockholders' equity. decreased the number of issued shares.

Answers

Answer:

The correct option is the acquisition of these treasury shares decreased total stockholders' equity.

Explanation:

Initially the total stockholders' equity is $133,900 ($13*10,300) which comprised of $82,400  common stock ($8*10,300) $51,500 paid in capital in capital in excess of par value.

By repurchasing 1,030 treasury stock at $10,the total stockholders' equity decrease by $10,300,which leaves a balance of $123,600 ($133,900-$10,300).

In other words,the first option is the correct choice of answer

Stahlmaere Inc. is a start-up company that manufactures simple machines. It is interested in analyzing the profit from a new machine using Monte Carlo simulation. It wants to investigate the profit resulting from a selling price of $150 per unit. The setup and advertising costs are known to total $75,000. They assume that the demand for the product is normally distributed with a mean of 1500 units and a standard deviation of 100 units. The company estimates that the raw material cost per unit is uniformly distributed between $5 and $6. The labor cost per unit is assumed to follow a discrete uniform distribution from $12 to $16. A junior analyst has devised the following Excel spreadsheet that simulates a single scenario using the information given above: Selling price per unit = 150 Set up and advertising cost = 75000 Demand = =NORM.INV(RAND(),1500,100) Raw material cost per unit = =5+(6-5)*RAND() Labor cost per unit = =RANDBETWEEN(12,16) Profit = =(B1*B4)-B2-((B5+B6)*B4) Copy-and-paste the above information into cells A1:B8 of an Excel spreadsheet. Then use a data table to repeat the simulation 1000 times. From the simulation results, estimate Stahlmaere's expected mean profit. Understanding that simulation is random in nature and that your estimate is unlikely to match any of the answer choices exactly, choose the answer choice that is closest to the estimated mean profit.

A. $180,000
B. $50,000
C. $150,000
D. $90,000
E. $120,000

Answers

Answer:

$ 120,000

Explanation:

Formulas:

Cell        Formula

B4          =NORMINV(RAND(),1500,100)

B5          =5+(6-5)*RAND()

B6          =RANDBETWEEN(12,16)

B8          =(B1*B4)-B2-((B5+B6)*B4)

B12         =AVERAGE(F3:F1002)

Enter formula = B8 in cell E2

and =RANDBETWEEN(12,16) in E3 copy down to E1002 (this represents labor cost)

To create the data table, select range E2:F1002

click Data tab > What-If Analysis in Data Tools group > Data Table > In the resulting dialogue box, enter B6 in the Column Input cell, and B1 in the Row Input cell.

Estimated mean profit = $ 121,445 this is closest to $ 120,000

THE ANSWER IS $ 120,000

Teel Printing uses two measures of activity, press runs, and book set-ups, in the cost formulas in its budgets and performance reports. The cost formula for wages and salaries is $7,850 per month plus $402 per press run plus $952 per book set-up. The company expected its activity in July to be 206 press runs and 113 book set-ups, but the actual activity was 203 press runs and 112 book set-ups. The actual cost for wages and salaries in July was $196,180.
The spending variance for wages and salaries in July would be closest to

Answers

Answer:

Spending variance                              $100 unfavorable

Explanation:

The spending variance is the difference between the standard cost allowed for the actual activity and the actual cost of the activity

                                                                                                    $

Standard cost allowed for the actual activity

=7,850 + (402×203) + (952×112)=                                          196,080

Actual cost                                                                                196,180

Spending variance                                                                       100 unfavorable

On January 1, Year 1, Bryson Company obtained a $147,750, four-year, 7% installment note from Campbell Bank. The note requires annual payments of $43,620, beginning on December 31, Year 1. Prepare an amortization table for this installment note, similar to the one presented in Exhibit 4. Journalize the entries for the issuance of the note and the four annual note payments. Describe how the annual note payment would be reported in the Year 1 income statement.

Answers

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

1) The amortization schedule is presented on the attachment below:

2).

Journal Entry

1 Jan Cash A/c      Dr. $147,750  

   To Notes payable A/c      $147,750

(Being the cash received is recorded)

31 Dec   Interest expense A/c    Dr. $10,342.50  

   Notes payable A/c      $33,277.50

 To Cash A/c    $43,620

(Being the annual payment of installment including interest is recorded)

31 Dec   Interest expense A/c    Dr. $8,013.08  

   Notes payable A/c      $33,606.93

 To Cash A/c    $43,620

(Being the annual payment of installment including interest is recorded)

31 Dec   Interest expense A/c    Dr. $5,520.59  

   Notes payable A/c      $38,099.41

 To Cash A/c    $43,620

(Being the annual payment of installment including interest is recorded)

31 Dec   Interest expense A/c    Dr. $2,853.83  

   Notes payable A/c      $40,766.17

 To Cash A/c    $43,620

(Being the annual payment of installment including interest and setting off liabilities is recorded)

3).

                                                            Bryson Company

                                                           Income Statement

Particular  Amount ($)

Revenue  -

Expenses  

Less - Interest expense 10,342.50

Less - Other expenses -

Net Income -  

Whiplash Ltd. makes a single product and only one type of direct material is used to make this product. Whiplash uses a standard costing system and has provided the following data concerning the production of output in July: Actual number of units of output produced 7,800 units Materials quantity variance $2,609 Favorable (F) Materials spending variance $3,744 Favorable (F) Standard amount of materials used per unit of output 5.0 grams per unit Actual total materials purchased/used 37,830 grams Actual price per gram purchased/used $2.20 per gram Assume there were no beginning or ending inventories of direct materials. The standard price per gram for Whiplash, Ltd. is closest to:

Answers

Answer:

$2 per gram.

Explanation:

We are given the following parameters in the question above; the production of output in July: Actual number of units of output produced = 7,800 units, the Materials quantity variance = $2,609, the favorable (F) Materials spending variance = $3,744, the Favorable (F) Standard amount of materials used per unit of output = 5.0 grams per unit , the Actual total materials purchased/used = 37,830 grams and the Actual price per gram purchased/used = $2.20 per gram.

(37,830 × standard price) - (37,830 × 2.2 ) =$3,744.

Thus, (37,830 × standard price) = 79482.

Approximately, standard price = $2 per gram

Answer:

The standard price per gram for Whiplash, Ltd. is closest to $2.23 per gram

Explanation:

In order to calculate the The standard price per gram for Whiplash, Ltd we would have to use the following formula:

Material quantity variance=(standard quantity-Actual quantity)×standard price

$2,609=(5 grams×7,800-37,830)×standard price

$2,609=(39,000-37,830)×standard price

$2,609=1,170 grams×standard price

standard price=$2,609/1,170 grams

standard price=$2.23 per gram

The standard price per gram for Whiplash, Ltd. is closest to $2.23 per gram

Okun's law states that
a. a change in the output gap occurs with a change in the rate of unemployment that is smaller in magnitude and in the opposite direction.
b. a change in the output gap occurs with a change in the rate of unemployment that is larger in magnitude and in the opposite direction.
c. inflation causes a decrease in the value of money held by the public.
d. the government may temporarily suspend citizens' rights during periods of hyperinflation in an attempt to maintain security and stability.

Answers

Answer:

C, I think is the answer.

Explanation:

Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given below for May: Production data: Pounds in process, May 1; materials 100% complete;conversion 90% complete 76,000Pounds started into production during May 410,000Pounds completed and transferred out ?Pounds in process, May 31; materials 60% complete;conversion 40% complete 36,000Cost data: Work in process inventory, May 1: Materials cost$117,900Conversion cost$53,600Cost added during May: Materials cost$613,080Conversion cost$294,700 Required:1. Compute the equivalent units of production for materials and conversion for May.2. Compute the cost per equivalent unit for materials and conversion for May.3. Compute the cost of ending work in process inventory for materials, conversion, and in total for May.4. Compute the cost of units transferred out to the next department for materials, conversion, and in total for May.5. Prepare a cost reconciliation report for May.

Answers

Answer:

1.Total Equivalent Units   Materials    471,600  Conversion     464,400

2. Cost Per Equivalent Unit Materials $ 1.33  Conversion   $ 0.75

3. Cost of Ending Work In Process  $ 39528

4. Cost Of Units Transferred Out = $ 936,000

5. Cost Materials  $ 627 228 and Conversion $348,300

Explanation:

Builder Products, Inc.,

Weighted-Average Method

1. Equivalent Units

Particulars              Units       % of Completion       Equivalent Units

                                       Materials Conversion   Materials Conversion

Transferred Out    450000     100         100             450,000      450,000

Ending WIP           36000        60          40                21,600          14,400  

Total Equivalent Units                                              471,600       464,400

Transferred Out units are calculated by adding Opening Inventory and production started and subtracting ending inventory units.

Transferred Out units = Opening Inventory+ production started -ending inventory units

Transferred Out units =76,000 + 410,00 - 36000= 450000 units.

2. Cost Per Equivalent Units

                                                     Materials         Conversion

Cost Of Opening Inventory         117,900                 53600

Cost Added                                  613,080              294,700

Total Costs                                  624,980               348,300

Equivalent Units                         471,600                464,400

Cost per Equivalent Unit            624980/471600        348300/464400

                                                      $ 1.33                           $ 0.75

3. Cost of Ending Work In Process  $ 39528

Materials = 21600 * $ 1.33= $ 28728

Conversion = 14400 * $ 0.75=  $10800

We multiply the equivalent number of units with the cost per unit to find the cost.

4. Cost Of Units Transferred Out = $ 936,000

Materials = 450 000 * $ 1.33= $ 598,500

Conversion = 450000 * $ 0.75 =  $ 337,500

5. A Cost Reconciliation Report

                                      Materials              Conversion

Ending WIP                     $ 28728                  $10800

Transferred Out                $ 598,500             $ 337,500

Total                                 627 228**                 348,300

These calculated costs reconcile with the costs given in the above data.

                                                   Materials              Conversion

Cost Of Opening Inventory         117,900                 53600

Cost Added                                  613,080              294,700

Total Costs                                  624,980**               348,300

The difference is in the cost of materials which is actually 624,980** and we found it out to be 627 228**  . This is because we rounded the Cost per Equivalent Unit of material from $ 1.325 to $1.33

If we multiply 1.325 *  471,600  we get $ 624870 which is almost the same.

Barbara's Bakery purchased three new 7-year assets during the current year. She chose NOT to use Section 179 immediate expensing or take bonus depreciation. The furnishings were purchased for $15,000 in April, the equipment for $6,000 in July, and the appliances for $40,000 in November. What amount of depreciation expense is allowable in the current year

Answers

Answer:

Depreciation in Current year is $14,939

Explanation:

Answer:

I think it is 4748. If it asks second year, it will be 16072.

Explanation:

Furnishings...in April, second quarter:

15,000x17.85%=2677.5

Equipment...in July, third quarter:

6,000x10.71%=642.6

Appliances...in November, fourth quarter

40,000x3.57%=1428

Total: 2677.5+642.6+1428=4748

Company A sells paper coffee cups to all Caribou Coffee locations in the US. Company B sells dinner plates to Applebee’s. Company A charges $1 for a pack of 100 cups and Company B charges $3 for 1 dinner plate. Tell us exactly what information you would need to determine whether Company A or Company B has higher annual revenue and explain how you would calculate these two figures.

Answers

Answer:

Company A and Company B

Determination of annual revenue:

a) The information needed to determine which company has higher annual revenue include:

i) The annual quantities of packs of paper coffee cups sold to the Caribou Coffee locations in the US for a number of years.

ii) The annual quantities of dinner plates sold to Applebee's for the same years as above.

b) The annual revenues can be calculated by multiplying the price for a pack of 100 cups by the annual quantity sold.

Explanation:

Revenue is a function of price and quantity sold.  The price is unit selling price and the quantity depends on the period for which revenue is being computed.

Revenue is the earnings from the sale of goods and services.  The excess of revenue over cost of sales gives the gross profit, from which expenses would be deducted to arrive at net income after adding other incomes from non-operational activities.

The Nandina Corporation was formed and began operations on July 1, 2018, and incurred the following expenses during the year: State fees for incorporation $800 Legal and accounting fees incident to organization 1,500 Legal fees for the issuance of stock 600 Temporary directors’ fees 1,000 If the corporation chooses not to expense but rather amortizes organizational costs over 180 months, what is the amount of its amortization expense for 2018?

Answers

Answer:

$110.00

Explanation:

Nandina Corporation

The amount of amortization expenses for 2018

State fees for incorporation $800

Legal and accounting fees incident to organization 1,500

Temporary directors’ fees 1,000

Total $3,300

Hence:

$3,300/180 months x 6 months

= $110.00

Therefore the amount of its amortization expense for 2018 will be $110.00

ASAP HELP ME PLEASE , GIVING BRAINLIEST TO CORRECT AWNSER

Answers

Answer:

A

Explanation:

Answer:

because people would have to have good contraptions in order to be able to make free choices

Explanation:

Moates Corporation has provided the following data concerning an investment project that it is considering:

Initial investment $ 250,000
Annual cash flow $ 119,000 per year
Expected life of the project 4 years
Discount rate 8 %
Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided.

The net present value of the project is closest to: (Round your intermediate calculations and final answer to the nearest whole dollar amount.)

Multiple Choice

$250,000

$144,128

$(131,000)

$(144,128)

Answers

Answer:

$144,128

Explanation:

The net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator:

Cash flow in year 0 = $-250,000

Cash flow each year from year 1 to 4 = $119,000

I = 8%

NPV = $144,143

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

Never Forget Bakery purchased a lot in Oil City six years ago at a cost of $278,000. Today, that lot has a market value of $320,000. At the time of the purchase, the company spent $6,000 to level the lot and another $8,000 to install storm drains. The company now wants to build a new facility on that site. The building cost is estimated at $1.03 million. What amount should be used as the initial cash flow for this project?

Answers

Answer:

The   amount that  should be used as the initial cash flow for this project is $1,350,000

Explanation:

The amount to be used as the initial cash flow for the project comprises of estimated building cost of $1.03 million and the market worth of the lot now.

The cost six years ago of $278,000,the cost of leveling as well as the cost of installing the storm drains were long ago time and are not relevant now.

In a nutshell the cost of the new project is $1,350,000($1,030,000+$320,0000)

Stiller Corporation incurred fixed manufacturing costs of $24,000 during 2015. Other information for 2015 includes: The budgeted denominator level is 2,000 units. Units produced total 1,500 units. Units sold total 1,200 units. Beginning inventory was zero. The company uses absorption costing and the fixed manufacturing cost rate is based on the budgeted denominator level. Manufacturing variances are closed to cost of goods sold. Operating income using absorption costing will be ________ than operating income if using variable costing.

Answers

Answer:

Operating profit using absorption costing will be higher by $3,600 than operating income if using variable costing.

Explanation:

The difference between profit under variable costing and under absorption costing is simply the value of the change in inventory.

Usually, a decrease in inventory would cause profit under absorption costing to be lower . This is so because cost of goods sold would become higher leading to a lower profit . And vice versa

Difference in profit = POAR × change inventory

Predetermined Overhead absorption rate(POAR)

= Estimated overhead/ estimated production unit

= $24,000/2,000 units = $12 per unit

Change in inventory = 1500 - 1200= 300 units

Difference in profit = 300 × $12 per unit = $3,600

Operating profit using absorption costing will be higher by $3,600 than operating income if using variable costing.

You pay $20,800 to the Laramie Fund which has a NAV of $18.00 per share at the beginning of the year. The fund deducted a front-end load of 3.00%. The securities in the fund increased in value by 12% during the year. The fund's expense ratio is 1.50% and is deducted from year end asset values. What is your rate of return on the fund if you sell your shares at the end of the year

Answers

Answer:

6.92%

Explanation:

Beginning investment fund is $20,800.

Now, fund available= Beginning fund(1-front end load)

=20,800(1-0.03)=$20176

Now, the number of shares that can be brought with the available fund

[tex}\text{Number of shares}=\frac{\text{fund available}}{NAV_{beginning}}[/tex]

[tex]=\frac{20176}{18}[/tex]

=1120

Now calculating closing NAV

NAV(closing)=NAV(beginning)=(1+increased%)

=$18(1+12%)=18×1.12

=$20.16

Calculate year end asset value

Year end asset value =NAV(closing)×No. of shares

=$20.16×1120=$22579.2

Value of investment after deducting the expense ratio

Closing investment value = Year end asset value×(1-expense ratio)

=$22579.2×(1-1.5%)

=$22240.512

Now,

Return on the fund =[(closing investment value)-(Beginning investment fund)]÷Beginning investment fund

=(22240.512-20800)÷20800

=0.0692

or, 6.92%

On November 1, 2018, Green Valley Farm entered into a contract to buy a $150,000 harvester from John Deere. The contract required Green Valley Farm to pay $150,000 in advance on November 1, 2018. The harvester (cost of $110,000) was delivered on November 30, 2018. The journal entry to record the contract on November 1, 2018 includes a Group of answer choices a) credit to Accounts Receivable for $150,000 b) credit to Sales Revenue for $150,000. c) credit to Unearned Sales Revenue for $150,000. d) debit to Unearned Sales Revenue for $150,000.

Answers

Answer:

d) debit to Unearned Sales Revenue for $150,000

Explanation:

Green Valley Farm Journal entry

Dr Unearned Sales Revenue 150,000

Cr Sales Revenue150,000

Dr Cost of Goods Sold 110,000

Cr Inventory110,000

Therefore the journal entry to record the contract on November 1, 2018 is debit to Unearned Sales Revenue for $150,000

Suppose Mr. Lane just bought a share of BlueWind Co., a renewable energy startup. BlueWind promises to pay Mr. Lane $18 in dividends for one year and then the firm will shut down. Suppose that the liquidation value of the share is $3, and the rate of time preference is 5%. Then, according to the single-period dividend discount model, the present value of the cash payment received by Mr. Lane in one year would be

Answers

Answer:

The present value of the cash payment is $20

Explanation:

The present value of cash payment receivable by Mr Lane in one year's time is the today's equivalent amount of the dividend of $18 as well as the liquidation value of $3.

The present value is the total cash inflows multiplied by the discount factor

discount factor=1/(1+r)^n

where is the rate of time preference of 5%'

n is 1 i.e in one year's time

total cash inflows=$18+$3=$21

discount factor =1/(1+5%)^1=0.95238

present value of cash payment=0.95238*$21=$20

Other Questions
"If I had my mouth, I would bite; if I had liberty, I would do my liking." The repetition of the phrase "If I had" is an example of the literary device known as A. alliteration. B. metaphor. C. anaphora. D. personification. what is the quotient of the equation Below in simplest form? State any restrictions on the variable what is the answer to -12= -2x-4x (Chp. 34) Look at the map. Rome gained the highlighted territory as a result of what? Fast pleaseHow did the Cold War effect us today? PLEASE!!! A survey asks a random sample of 2500 adults in Ohio if they support an increase in the state sales tax from 5.25% to 5.50%, with the additional revenue going to education. Let X denote the number in the sample that say they support the increase. Suppose that 30% of all adults in Ohio support the increase.9.The standard deviation of X isa.22.91.b.27.39.c.5255.d.750.10.The probability that X is at least 800 isa.less than 0.0001.b.about 0.015.c.0.025.d.0.05. What Is the answer for this one?When I discover who I am, I'll be free.The author uses the word discover to emphasize which idea about freedom?A. It's made possible through education.B. It requires a journey of self-knowledge.C. It's an impossible task for everyone.D. It means following a set path. How do limiting factors impact local ecosystems?A)Limiting Factors prevent populations in ecosystems form growing any larger. If any of the limiting factors change, animal and plant populations change, too. B)Limiting factors do not prevent populations in ecosystems from growing any larger. If any of the limiting factors change, animal and plant populations do not change, too.C)Limiting factors can never impact ecosystems. D)As biodiversity of an ecosystem increases, the ability to withstand environmental stress due to the loss of a single species or group also increases, improving the sustainability of the ecosystem. 30 pointsIn two or more complete sentences, discuss the advantages and disadvantages of investing in a CD versus investing in a basic savings account. ivana has 5.50 luc has 1.4 times as much as ivana, how many indian rupees would ivana get if the value of rupees are 61.92 per dollar rate What happened in the banking industry in theyears leading up to 1933?Bank failures were_____.staying about the samedecliningincreasing A chemist needs 2.00 liters of hydrochloric acid. How many pints is this? Find the standard form of the equation of the parabola with a focus at (0, 6) and a directrix at y = -6.A) y equals 1 divided by 24 x squaredB) y2 = 6xC) y2 = 24xD) y equals 1 divided by 6 x squared When parallel parking, the space you choose to park in should be at least as long as what? A wedge of cheese in the shape of a triangular prism is shown below.Find the surface area of the cheese._______Square feet Two angles are supplementary. The measure of the larger angle is 12 degrees more than three times the smaller angle. Find the measures of the angles 7. Why did the United States become involved in the Korean War?to free Korea from occupation by Japanto stop the North Korean invasion of South Koreato prevent the Soviet Union from taking over Korea to protect oil reserves found on the Korean Peninsula The pretax financial income (or loss) figures for Whispering Company are as follows. 2015 $164,000 2016 275,000 2017 86,000 2018 (164,000 ) 2019 (390,000 ) 2020 113,000 2021 98,000 Pretax financial income (or loss) and taxable income (loss) were the same for all years involved. Assume a 25% tax rate for 2015 and 2016 and a 20% tax rate for the remaining years. Prepare the journal entries for the years 2017 to 2021 to record income tax expense and the effects of the net operating loss carryforwards. All income and losses relate to normal operations. (In recording the benefits of a loss carryforward, assume that no valuation account is deemed necessary.) From the moment the first car started how many hours will it take the second car to catch up to the first Whish is An essay offering an opinion about a novel?A. InterpretationB. Literary analysisC. EvaluationD. Literary Review