Answer:
The answer is aging of accounts receivable method.
Explanation:
This method helps accountants in determining how much of a company’s account receivables would not be collected. This is related to unpaid invoices of a company’s customers. Though invoices usually have due dates, according to the company, customers who haven’t paid even after the due date has passed must be calculated using this method for more accurate accounting reporting.
In a job order cost accounting system, the entry to record the flow of direct materials into production is: (a) debit Work in Process, credit Materials (b) Debit Materials, credit Work in Process (c) Debit Factory Overhead, credit Materials (d) Debit Work in Process, credit Supplies
Answer:
B
Please make brainliest?
Answer:
A
Explanation:
in the accounting double entry principle Material is debited to Work in progress account because it increase the volume of input of work in progress and credit Work in progress in material account with value of the material
The change in period-to-period operating income when using variable costing can be explained by the change in the
Answer:
Unit sales level multiplied by a constant unit contribution margin.
Explanation:
The change in period-to-period operating income when using variable costing can be explained by the change in the Unit sales level multiplied by a constant unit contribution margin.
Hope this helps!
The additional security option, used for credit card transactions, that keeps track of a customer’s historical shopping patterns and notes deviations from the norm is _____. Select one: a. transaction incognito mode b. transaction identification code c. transaction-spam control software d. transaction-risk scoring software
Answer: the correct answer is d. transaction-risk scoring software.
Explanation: The additional security option, used for credit card transactions, that keeps track of a customer’s historical shopping patterns and notes deviations from the norm is transaction-risk scoring software.
In the ________, consumers are pictured as either receptive to or actively searching for products and services that fulfill their needs and enrich their lives.
Answer: In the cognitive consumer model, consumers are pictured as either receptive to or actively searching for products and services that fulfill their needs and enrich their lives.
enjoy a great working relationship and just recently have started dating. They can't seem to get enough of each other outside of the workplace. At work, however, they usually only interact during breaks and lunch, which they take together. They are clearly infatuated with each other but do not engage in public displays of affection. Romance of any kind has no place at work. This couple's relationship is clearly at risk for sexual harassment.
Answer:
uh what?
Explanation:
Final answer:
Workplace romances are controversial, as they can increase both satisfaction and productivity, but also introduce complex emotions and potential for sexual harassment. Companies have varied policies, from prohibiting these relationships to having 'love contracts.' Challenges include favoritism, gossip, and professional boundaries.
Explanation:
Workplace romances are a subject of controversy and debate due to their potential to introduce emotions and sexuality into the professional environment. While some argue that they have no place at work and can risk leading to sexual harassment, others point to research indicating that such relationships can increase employee satisfaction and productivity. Charles Pierce, Donn Byrne, and Herman Aguinis define a romantic workplace relationship as when "two employees have acknowledged their mutual attraction to one another and have physically acted upon their romantic feelings in the form of a dating or otherwise intimate association."
These relationships can have various motives, such as job motives (power, money, job security), ego motives (thrill of the chase, self-esteem boost), and love motives (desire for affection and companionship). The impacts of workplace romances can affect not just the couple but also coworkers and company policies. Companies take different approaches to managing workplace romances, from prohibitions to requiring "love contracts" or having open policies that support such relationships.
Challenges and Impacts of Workplace Romances
Despite the potential positive effects, workplace romances can create complications, such as favoritism, gossip, and blurred lines between attraction and harassment. High-profile examples like the firings of executives at the American Red Cross and the World Bank highlight the problematic nature of these relationships, particularly when they involve power dynamics. It's clear that workplace romances are not rare, with a significant proportion of people experiencing them as participants or observers.
Ultimately, the debate over workplace romances is complex and involves balancing personal freedom with professional boundaries. The communicative elements that affect these relationships are crucial, as they can lead to an environment that either supports or rejects romantic engagements among employees.
Would the following be considered a purpose of the Digital Millennium Copyright Act? Select Yes or No. To outline penalties for bypassing or providing tools to bypass protection mechanisms built into copyrighted software.
Answer:
yes
Explanation:
because i said yes
Answer:
Yes
Explanation:
The Digital Millenium Copyright Act was passed in order to protect intellectual property on digital mediums, this includes software, audiovisual material, and other digital mediums that are part of that intellectual property, since the bypassing of protection mechanisms built into copyrighted software is part of that intellectual property protection, the Digital Millenium Act would be considered to have as purpose to deny this.
On July 7, you purchased 500 shares of Wagoneer, Inc. stock for $21 a share. On August 1, you sold 200 shares of this stock for $28 a share. You sold an additional 100 shares on August 17 at a price of $25 a share. The company declared a $0.95 per share dividend on August 4 to holders of record as of Wednesday, August 15. This dividend is payable on September 1. How much dividend income will you receive on September 1 as a result of your ownership of Wagoneer stock
Answer:$190 total
Explanation: most of the information is trying to throw you off what matters is that you sold in total 300 of your 500 shares and are left with 200 shares. If you times that by the amount per share you get 0.95 you end up with your amount by the day of $190. Hopes this helps!
Professor Dought has a life insurance policy on his own life that provides that in the event of his death, his mother will receive the proceeds. Professor Dought's mother is a(n):a. incidental beneficiary.b. creditor beneficiary.c. donee beneficiary.d. assignee.
Answer:
c. donee beneficiary
Explanation:
A donee beneficiary is that person who will receive the amounts indicated in the insurance policy. For this reason, we can conclude that Professor Dought's mother is a donee beneficiary, because Professor Dought's life insurance indicates that she must receive the money indicated in the insurance policy if Professor Dough dies.
Answer:
Donee Beneficiary
Explanation:
Professor Dought is the policy holder that enter in to contractual agreement with the insurance company .he draw is life insurance plan .while a donee beneficiary's claim to benefit from the contract amounts to a gift from one of the contractual parties .
For each separate case below, follow the 3-step process for adjusting the prepaid asset account at December 31. Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. Assume no other adjusting entries are made during the year. a. Prepaid Insurance. The Prepaid Insurance account has a $4,700 debit balance to start the year. A re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. Prepaid Insurance. The Prepaid Insurance account has a $5,890 debit balance at the start of the year. A review of insurance policies and payments shows $1,040 of insurance has expired by year-end. C.PrepaidRent.OnSeptember1ofthecurrentyear,thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. The company debited Prepaid Rent and credited Cash for $24,000.
PART A
Answer:
Insurance expense debit for 3,800
Insurance prepaid credit for 3,800
Explanation:
a.- Prepaid Insurance. The Prepaid Insurance account has a $4,700 debit balance to start the year. A re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end.
Step 1: Currently equals to $4,700
Step 2: It should equal $900
In this Case: It is giving us the begining balance, and then it proceeds to tell us the ammount unexpired, which means the ending balance. So the diference will be the adjuting entry
Step 3: $4700 - $900 = $3,800
insurance expense debit for 3,800
insurance prepaid credit for 3,800
PART B
Answer:
insurance expense 1040 debit
prepaid insurance 1040credit
Explanation:
b.- Prepaid Insurance. The Prepaid Insurance account has a $5,890 debit balance at the start of the year. A review of insurance policies and payments shows $1,040 of insurance has expired by year-end.
Step 1: Curently equals to $5,890
Step 2: 5,890 - 1,040 expired portion = 4,850 unexpired portion
The blaance should be 4,850
In this Case: It is giving us the begining balance, and then it proceeds to tell us the ammount expired, which means the adjusting entry. So the diference will be the ending balance
Step 3
The adjusting entry must be made for 1,040 which is the expired portion
insurance expense 1040 debit
prepaid insurance 1040credit
PART C
Answer:
rent expense 4,000 debit
prepaid rent 4,000 credit
Explanation:
C.- PrepaidRent. On September 1 of the current year, the company prepaid $24,000 for 2 years of rent for facilities being occupied that day. The company debited Prepaid Rent and credited Cash for $24,000.
Step 1 Current balance is 24,000
In this Case: It is giving us the begining balance, and then it proceeds to tell us information about the contract, which means we are going to work to get the expired portion and with that calculate the ending balance like on part B
Step 2 We are at December 31th the expired portion will be 4 months (September, October, November and December) so:
24,000
----------------------------- x 4 months expired = 4,000 expired portion
24 month of contract
24,000 - 4,000 = 20,000
begining - expired = ending AKA "unexpired"
The balance should be equal to 20,000
Step 3: the adjusting entry should be done for 4,000 which is the expired portion of the rent.
rent expense 4,000 debit
prepaid rent 4,000 credit
Adjusting Journal Entries at December 31:
a. Debit Insurance Expense $3,800
Credit Prepaid Insurance $3,800
To record Insurance Expense for the year.
b. Debit Insurance Expense $1,040
Credit Prepaid Insurance $1,040
To record Insurance Expense for the year.
c. Debit Rent Expense $4,000
Credit Prepaid Rent $4,000
To record Rent Expense for the year.
Data Analysis and Calculations:
a. Prepaid Insurance.
Steps:
1. Balance at beginning $4,700 debit
2. Balance at end $900
3. Insurance Expense = $3,800 ($4,700 - $900)
Insurance Expense $3,800 Prepaid Insurance $3,800
b. Prepaid Insurance.
Steps:
1. Balance at beginning $5,890
2. Balance at end = $4,850 ($5,890 - $1,040)
3. Insurance Expense $1,040
Insurance Expense $1,040 Prepaid Insurance $1,040
C. Prepaid Rent
Steps:
1. Prepaid Rent $24,000
2. Balance at end = $20,000 ($24,000 - $4,000)
3. Rent Expense = $4,000 ($24,000 x 4/24)
Rent Expense $4,000 Prepaid Rent $4,000
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ABC Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.80 Direct labor $ 4.15 Variable manufacturing overhead $ 1.65 Fixed manufacturing overhead $ 121,500 Variable selling and administrative expense $ 1.50 Fixed selling and administrative expense $ 40,500 If 10,000 units are produced, the total amount of manufacturing overhead cost is closest to:
Answer:
hope it helps and good luck
Explanation:
$138,000
$138000 is the total amount of manufacturing overhead cost.
Variable Manufacturing Overhead (1.65 x 10000)
= 16500
Fixed Manufacturing Overhead
= 121500
Total Manufacturing Overhead
= 138000
Variable manufacturing overhead per unit and total fixed manufacturing overhead does not change with change in units.
What are overhead charges?Overhead fees are what it costs to run the enterprise, such as hire, coverage, and utilities. Working expenses are required to run the enterprise and can't be avoided. Overhead prices ought to be reviewed frequently for you to boom profitability.
Which is an example of overhead fees?Examples of overhead consist of hire, administrative fees, or employee salaries. Overhead charges may be found on a corporation's income statement, in which they are subtracted from its income to arrive at the net income parent.
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Exercise 15-7 Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $53,000. 2. Raw Materials of $45,200 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. Factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. Time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. Manufacturing overhead costs incurred on account were $81,700. 6. Depreciation on the company’s office building was $8,100. 7. Manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. Goods costing $89,400 were completed and transferred to finished goods. 9. Finished goods costing $76,000 to manufacture were sold on account for $105,100. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (To record the sale) (To record the cost of the sale) Click if you would like to Show Work for this question: Open Show Work
Answer:
66562@57829100)))787hs$677214
Explanation:
Here are the journal entries for Crawford Corporation, concisely:
Raw materials inventory $53,000 accounts payable $53,000
Work in process inventory $35,800 manufacturing overhead $9,400 raw materials inventory $45,200
The journal entriesWork in process inventory $55,000 factory wages payable $50,200 employer payroll taxes payable $15,200
Manufacturing overhead $81,700 accounts payable $81,700
Depreciation expense $8,100 accumulated depreciation $8,100
Manufacturing overhead $88,000 work in process inventory $88,000
Finished goods inventory $89,400 work in process inventory $89,400
Accounts receivable $105,100 sales revenue $105,100
Cost of goods sold $76,000 finished goods inventory $76,000
The total journal entries are 9, and they cover the purchase of raw materials, the requisition of raw materials, the factory labor costs, the manufacturing overhead costs, the depreciation expense, the application of manufacturing overhead, the transfer of goods to finished goods, the sale of finished goods, and the cost of the sale
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For many years, the Justice Department has tried to break up large firms like IBM, Microsoft, and most recently Google, on the grounds that their large market share made them essentially monopolies. In a global market, where U.S. firms compete with firms from other countries, would this policy make the same sense as it might in a purely domestic context?
Answer:
Explanation:
Short answer: No it would not make any sense at all.
It is doubtful that international courts would take such a task on. International courts seldom deal with civil issues.
Big companies like IBM need their size to compete internationally. China for one, South Korea (surprise), can give them a run for their money.
Answer and explanation:
It depends on the region. There are countries where such kind of innovations are not locally produced so they have no option but to adapt to what other countries can provide them. According to their local regulations and market conditions, they could start processes against those types of organizations.
On the other hand, some other regions produce similar domestic goods that are even more preferred than imports. There, the policies the example refers seem useless.
2. Calculating the price elasticity of demand: A step-by-stepguide Suppose that during the past year, the price of a laptop computer fell from $2,650 to $2,430. During the same time period, consumer sales increased from 495,000 to 664,000 laptops.
The correct answer is: "price elasticity of demand = 4.11"
The demand function represents the quantity of a certain good or service that consumers are willing to purchase in the market at different price levels. The law of demand states that there is an inverse relationship between price and quantity demanded (ceteris paribus, hence, given that the rest remains equal). Therefore, when the price charged decreases, the amount that consumers are willing to purchase increases.
In turn, the elasticity of the demand function measures the sensitiveness of the quantity demanded by consumers when there is a certain price change. It is computed by dividing the percentage change of the price variation by the percentage change in the amount demanded and comparing the two figures like in the chart attached. The formula is attached in a second picture, afterwards the absolute value is applied to the result obtined from the formula.
Price elasticity of demand= I [(664000-495000)/495000)] / [(2,430-2,650)/2,650] I= 4.11
(the absolute value has been already applied in the formula I I )
This demand is elastic because the figure obtained exceeds 1. It means that the size of the amount demanded is larger than the size of the price variation, both measured in percentage.
The price elasticity of demand is calculated by dividing the percentage change in quantity demanded by the percentage change in price. Elastic, inelastic, and unitary elasticities indicate how the quantity demanded responds to price changes and affect the total revenue.
Explanation:Computing the Price Elasticity of Demand
To compute the price elasticity of demand, you need to calculate the percentage changes in price and quantity demanded between two points.
The price of a laptop decreased from $2,650 to $2,430. The quantity of laptops sold increased from 495,000 to 664,000. Using these figures, we can calculate the percentage change in quantity as:
((664,000 - 495,000) / ((664,000 + 495,000) / 2)) x 100 =
Next, we calculate the percentage change in price as:
((2,430 - 2,650) / ((2,430 + 2,650) / 2)) x 100 =
After finding the percentage changes, divide the percentage change in quantity by the percentage change in price to get the price elasticity of demand.
Elasticity of Demand = (% change in quantity) / (% change in price)
If the elasticity is greater than 1, it's considered elastic, meaning the quantity demanded changes significantly with price changes. If it's less than 1, it's inelastic. An elasticity of 1 indicates unitary elasticity.
To determine if total revenues would rise or fall, consider that if the demand is elastic, a reduction in price would lead to a proportionally larger increase in quantity demanded, thus, revenue would increase. Conversely, if the demand is inelastic, a reduction in price would not lead to a proportionally larger increase in quantity demanded, and revenue would decrease.
The 2016 balance sheet of Microsoft Corp. reports total assets of $193,694 million, operating liabilities of $68,010 million, and total shareholders’ equity of $71,997 million. Microsoft 2016 nonoperating liabilities are: Select one: A. $140,007 million B. $ 53,687 million C. $ 68,010 million D. $121,697 million E. There is not enough information to calculate the amount.
Answer:
the answer is B
Explanation:
+71,997
68,010
=140,007
193,694-140,007=53,687
Which of the following is an element of inventory holding costs? A. material handling costs B. investment costs C. housing costs D. pilferage, scrap, and obsolescence E. All of the above are elements of inventory holding costs.
Answer:
All of the above are elements of inventory holding costs.- E.
Material handling costs, housing costs, investment costs, pilferage, scrap, and obsolescence are all components of inventory holding costs. Option E is correct.
What is inventory holding costs?Inventory holding costs are defined as the fees that are incurred when inventory is put in a warehouse.
Inventory holding costs include rent for space, security, depreciation, and insurance. Inventory holding costs include material handling costs, housing costs, investment costs, pilferage, scrap, and obsolescence.
Therefore, option E is correct.
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Which of the following is true about value-based cultures?a. They emphasize obedience to the rules as the primary responsibility of ethics.b. They are only as strong and as precise as the rules with which workers are expected to comply.c. They reflect the traditional approach of classifying corporate culture.d. These cultures are perceived to be more flexible and far-sighted corporate environments.
Answer:
(D) These cultures are perceived to be more flexible and far-sighted corporate environments.
Explanation:
A corporation that operates as a value-based organization, is a corporation that operates on a culture that was shaped by the members of the organization, from employees to shareholders, and thus tends to be more flexible in how they operate compared to traditional corporation structures. Employees are committed to these types of organizations because they find alignment between their personal values and the values of the organizations, which in turn lead to better overall performance.
In Keynes's liquidity preference theory, what variables determine the demand for real money balances? A. The demand for real money balances depends on the interest rate and net exports. B. The demand for real money balances depends on the inflation rate and aggregate output. C. The demand for real money balances depends on the nominal interest rate and real income. D. The demand for real money balances depends on the inflation rate and real income.
Answer: the correct answer is C. the demand for real money balances depends on the nominal interest rate and real income.
Explanation:
According to Keynes the desire for liquidity or demand for money arises because of three motives:
(a) Transaction motive
(b) Precautionary motive
(c) Speculative motive
The demand for real money balances in Keynes's liquidity preference theory depends on the nominal interest rate and real income, with an increase in either leading to an increased demand for money.
In Keynes's liquidity preference theory, the demand for real money balances is determined by two primary factors: the nominal interest rate and real income or output. This reflects the trade-off between the liquidity that money provides and the higher interest that could be earned on other assets.
When real income increases, individuals and businesses need more money for transactions, hence the demand for real money balances increases. Conversely, as the nominal interest rates rise, the opportunity cost of holding money increases, leading to a decrease in the demand for real money balances as people prefer to hold other assets that yield higher returns.
Therefore, the correct answer to the question is: C. The demand for real money balances depends on the nominal interest rate and real income.
2. Cathy started her own line of custom-made and hand-embellished wedding shoes. She opened up her own shop, paying $2500 as a one-time licensing fee. She used about $3000 in raw materials and made $3500. At the end of the first month, Carly, her sister, looked at her financials and told her that she was losing money and should shut down. Cathy is heartbroken. As an economics guru, what would you advise her to do?
I would explain to Cathy that her sister Carly is not right. When starting a business, there must be investments that will be amortized over time, that is, profit is not immediate. In the case of the shoe store, I would explain that the first month was positive, since the difference between the cost of the material and the production sold was + $ 500. Thus, Cathy amortized $ 500 of the licensing fee. So if this sales pattern is maintained, by the fifth month the entire investment will have been amortized and from the sixth month on, Cathy will begin to make a profit from your business.
If the demand curve for a good always has unitary price elasticity, what does this imp about consumer behavior? A) Consumers do not react to a price change. B) Consumers will spend a constant total amount on the good C) Consumers are irrational D) Consumers do not obey the Law of Demand.
Hello There!
This tells us that consumers will spend a constant total amount on the good
HAVE A GREAT DAY!
You own a contract that promises an annuity cash flow of $350 year-end cash flows for each of the next 3 years. (Note: The first cash flow is exactly 1 year from today). At an interest rate of 5%, what is the present value of this contract?
at an interest rate of 5%, the present value of the contract would be $953.14
What type of skills requires defining problems and selecting the best course of action to take
Problem Solving Skills
Hope that helped you!
Answer:
Problem solving skills
Explanation:
When a person has problem solving skills, this means that the person is particularly good at defining problems and selecting the actions that will allow him to deal with these effectively. It is important for a person to develop good solving skills. These are useful in many different contexts, including school, home and the workplace.
Leisure Vacations is considering a 5-year project which will require the purchase of $1.4 million in new 5-Year MACRS equipment The MACRS rates are 20 percent, 32 percent, 19.2 percent, 11.52 percent, 11.52 percent, and 5.76 percent for Years 1 to 6, respectively. The firm desires a minimal 14 percent rate of return and the tax rate is 34 percent. The equipment can be sold at the end of the project for an estimated $225,000. What is the amount of the aftertax salvage value? Select one: a. $95,322.15 b. $162,418.54 c. $147,600.00 d. $175,917.60 e. $144,238.97
Answer:
The aftertax salvage value will be $175,917.60
Explanation:
The Modified Accelerated Cost Recovery System (MACRS) is the tax depreciation system in the United States.
aftertax salvage value:
When a company perform a sale of a long term asset, if the sales value is higher than the book value, it must pay taxes for the diference.
So this definition sets the formula:
( salvage - book value ) x tax rate = tax expense in the sale
so the salvage value after tax will be:
salvage value - tax expense
Resuming
salvage value - (salavage value - book value) x tax rate = after tax salvage value
Now moving to this particular question:
The assets is being sold at the end of the project, which menas at year 5. Using the MACRS you can determinate each year depreciation, you need to know the book value at the end of year 5
Year Rate Depreciation Expense Book Value
adquisition $1.400.000
1 20% $280.000 $1.120.000
2 32% $448.000 $672.000
3 19.2% $268.800 $403.200
4 11.52% $161.280 $241.920
5 11.52% $161.280 $80.640
6 5.76% $80.640 $-
We got that the book value at year 5 is $80.640 and we also know that the salvage value estimated is for $225,000 and the tax rate will be of 34%
Now we calculate with the previous formula:
225,000 - (225,000 - 80640) x 34% = $175,917.60
The desired rate of return is not used in this calculation because that is use to determinate if an investment can yield that rate. Here we work with the facts of how much will the asset will worth after the fifth year being the taxes paid. The 14% will be use to determinate wether it is convinient or not to do the project.
The aftertax salvage value can be calculated by determining the book value of the equipment and subtracting the tax liability on that value. The book value is calculated as the initial cost minus the accumulated depreciation, which is found using the MACRS rates. The tax liability is then computed by multiplying the gain or loss with the tax rate. Finally, the after-tax salvage value is obtained by subtracting the tax liability from the market value of the equipment.
Explanation:The after-tax salvage value can be calculated as the difference between the market value of the equipment and the tax liability on that value. To calculate the tax liability, we need to first calculate the book value of the equipment, which is the initial cost minus the accumulated depreciation. The accumulated depreciation is calculated using the MACRS rates. The book value at the end of Year 5 is equal to the initial cost minus the sum of the depreciation deductions for Year 1 to Year 5.
Let's calculate the aftertax salvage value:
Depreciation deductions for Year 1 to Year 5Year 1: 20% of $1.4 million = $280,000Year 2: 32% of $1.4 million = $448,000Year 3: 19.2% of $1.4 million = $268,800Year 4: 11.52% of $1.4 million = $161,280Year 5: 11.52% of $1.4 million = $161,280Accumulated depreciation at the end of Year 5:$280,000 + $448,000 + $268,800 + $161,280 + $161,280 = $1,319,360
Book value at the end of Year 5:$1.4 million - $1,319,360 = $80,640
Gain or loss:Market value of equipment - Book value at the end of Year 5:
$225,000 - $80,640 = $144,360
Tax liability:Tax rate x Gain or loss:
0.34 x $144,360 = $49,102.40
Aftertax salvage value:Market value of equipment - Tax liability:
$225,000 - $49,102.40 = $175,897.60
Therefore, the amount of the aftertax salvage value is $175,897.60 (option d).
Real Losers, a diet magazine, collected $360,000 in subscription revenue in May. Each subscriber will receive an issue of the magazine for each of the next 12 months, beginning with the June issue. The company uses the accrual method of accounting. By the end of December, how much Subscription revenue has been earned?
Answer: the correct answer is $210,000. The months is which the service was given were June, July, August, September, October, Nevember, December. The total service is $360,000 which means it is $30,000 monthly. (360,000 divided by 12). $30,000 times 7 months is $210,000.
Explanation: If a company is using the accrual basis accounting method it has to record its earned revenue when services are rendered, even though cash may be received at a later date..
By the end of December, how much Subscription revenue has been earned is $210,000
Given:
Based on the information given each of the subscriber will receive an issue of the magazine for each of the next 12 months starting with the June .
June to December=7 months
Subscription revenue=$360,000
Now let how much Subscription revenue has been earned
Subscription revenue=$360,000×7months/12 months
Subscription revenue=$210,000
Inconclusion By the end of December, how much Subscription revenue has been earned is $210,000.
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In late December you decide, for tax purposes, to sell a losing position that you hold in Twitter, which is listed on the NYSE, so that you can capture the loss and use it to offset some capital gains, thus reducing your taxes for the current year. However, since you still believe that Twitter is a good long-term investment, you wish to buy back your position in February the following year. To get this done you call your Charles Schwab brokerage account manager and request that he immediately sell your 1,400 shares of Twitter and then in early February buy them back. Charles Schwab charges a commission of $4.95 for online stock trades and for broker-assisted trades, there is an additional $25 service charge, so the total commission is $29.95. a. Suppose that your total transaction costs for selling the 1,400 shares of Twitter in December were $59.95. What was the bid/ask spread for Twitter at the time your trade was executed? b. Given that Twitter is listed on the NYSE, do your total transaction costs for December seem reasonable? Explain why or why not. c. When your February statement arrives in the mail, you see that your total transaction costs for buying the 1,400 shares of Twitter were $47.95. What was the bid/ask spread for Twitter at the time your trade was executed? d. What are your total round-trip transaction costs for both selling and buying the shares, and what could you have done differently to reduce the total costs?
The bid/ask spreads for selling and buying the shares of Tw-itter can be calculated by subtracting the total transaction costs from the commission charges. The total transaction costs for December seem reasonable for a stock listed on the NYSE. The total round-trip transaction costs for both selling and buying the shares can be reduced by placing limit orders instead of market orders.
Explanation:a. To find the bid/ask spread, we can subtract the total transaction costs from the commission charges. So, the bid/ask spread for Twi-tter at the time of selling the shares in December would be $59.95 - $29.95 = $30.
b. The total transaction costs for December seem reasonable for a stock listed on the NYSE. The bid/ask spread of $30 is a common expense when trading in highly liquid stocks like Twi-tter.
c. To find the bid/ask spread for buying the shares in February, we subtract the total transaction costs from the commission charges. Hence, the bid/ask spread for Twit-ter at the time of buying the shares in February would be $47.95 - $29.95 = $18.
d. The total round-trip transaction costs for both selling and buying the shares would be $59.95 + $47.95 = $107.90. To reduce the total costs, you could have considered placing limit orders instead of market orders, which would allow you to set a specific price at which you want to buy or sell the shares, potentially reducing the bid/ask spread.
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in order to compara and evaluate choices, there must be a set of____.
a. resources
b. decisions
c. consequences
d. none of the above
In order to compare and evaluate choices, there must be a set of none of the above!
Sunny~ ☺
Answer:
its D
Explanation:
Your parents have accumulated a $170,000 nest egg. They have been planning to use this money to pay college costs to be incurred by you and your sister, Courtney. However, Courtney has decided to forgo college and start a nail salon. Your parents are giving Courtney $20,000 to help her get started, and they have decided to take year-end vacations costing $8,000 per year for the next four years. Use 8 percent as the appropriate interest rate throughout this problem. Use Appendix A and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. How much money will your parents have at the end of four years to help you with graduate school, which you will start then?
Utility refers to: a. the costs incurred for a training program. b. the usefulness of a training program. c. the benefits derived from training relative to the costs incurred. d. training effectiveness in terms of increased outcomes.
Answer:
C
Explanation:
Utility denotes the usefulness of a good or service; however, it could be the ability to gain or not to gain from a decision based on individual preferences. Utility is the want-satisfying "power" of any commodity or the capacity of a commodity to give satisfaction
Utility in business refers to the benefits derived from a training program relative to the costs incurred. The idea assesses the effectiveness and value of a program by considering improvements in employee performance and alignment with an organization's goals.
Explanation:Utility, in the context of training and development in business, often describes the benefits derived from a training program in relation to the costs incurred. This concept is a measurement of a program's effectiveness and worth. This is determined by whether the advantages or benefits gained from the training program outweigh the financial and time expenses involved. Utility considers factors like improved job performance and efficiency, employee retention, and the overall contribution to an organization's objectives and goals. Therefore, answer option c - the benefits derived from training relative to the costs incurred - is the most suitable choice.
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Sam Robinson borrowed $21,000 from a friend and promised to pay the loan in 10 equal annual installments beginning one year from the date of the loan. Sam’s friend would like to be reimbursed for the time value of money at a 9% annual rate. What is the annual payment Sam must make to pay back his friend?
Final answer:
Sam must make an annual payment of approximately $3,508.40 to pay off a $21,000 loan over 10 years at a 9% interest rate, which can be calculated using the present value of an annuity formula.
Explanation:
To calculate the annual payment Sam must make to pay back his friend at a 9% annual rate, we can use the formula for the present value of an annuity. The loan amount of $21,000 is the present value of the 10 equal annual payments Sam will make in the future. The formula for the present value (PV) of an ordinary annuity is:
PV = PMT ×[tex][(1 - (1 + r)^{-n}) / r][/tex]
Where:
PMT = Annual payment
r = Annual interest rate (expressed as a decimal)
n = Number of payments
Given that the present value PV is $21,000, the annual interest rate r is 9% or 0.09, and the number of payments n is 10, we can rearrange the formula to solve for PMT, which is the annual payment Sam needs to make:
21,000 = PMT × [tex][(1 - (1 + 0.09)^{-10}[/tex]) / 0.09]
So the PMT is:
PMT = 21,000 / [(1 - (1 + 0.09)^{-10}) / 0.09]
Calculating the denominator first:
(1 -[tex](1 + 0.09)^{-10}[/tex]) / 0.09 = 5.9847 (rounded to 4 decimal places)
Now, calculate PMT:
PMT = 21,000 / 5.9847
PMT = $3,508.40
Therefore, Sam's annual payment to his friend to pay off the $21,000 loan over 10 years at 9% interest is approximately $3,508.40.
Natalie is teaching employees how to use the company’s new software needed for their jobs. The knowledge, skills, and abilities they are learning will help them succeed in their work. Natalie is providing _________ to employees.
Your question asks what Natalie is providing to the employees.
Answer: TrainingNatalie is teaching employees how to use the company’s new software needed for their jobs. The knowledge, skills, and abilities they are learning will help them succeed in their work. Natalie is providing training to employees.
The reason why "training" is the correct answer because Natalie is training the employees on how to use the new software that the company has. After she's done training them, the employees could possibly get the hang of the new software and go off on their own with the knowledge of how to use it.
This training would allow the employees the be successful at work, and get the knowledge they need to exceed the work's new software.
I hope this helps!Best regards,MasterInvestorTrio Company reports the following information for the current year, which is its first year of operations. Direct materials $ 14 per unit Direct labor $ 16 per unit Overhead costs for the year Variable overhead $ 67,500 per year Fixed overhead $ 135,000 per year Units produced this year 22,500 units Units sold this year 16,500 units Ending finished goods inventory in units 6,000 units Compute the cost per unit of finished goods using 1) absorption costing and 2) variable costing.Cost per unit of finished goods using: Absorption costing Variable CostingCost per unit of finished goods Determine the cost of ending finished goods inventory using 3) absorption costing and 4) variable costing.Cost per unit of finished goods using: Absorption costing Variable CostingNumber of units in finished goods Total cost of finished goods inventory
Answer:
I will answer all of the parts in this table, look there for each value you are asked for:
ABSORPTION COSTING VARIABLE COSTING
Direct Materials 14 14
Direct Labor 16 16
Variable Overhead 3 3
Fixed Overhead 6 do not include them
Unit Cost 39 33
Ending Inventory (UNITS) 6,000 6,000
Ending Inventory (Dollars) $234,000 98,000
Units Sold 16500 16500
Cost of Goods Sold $643,500 $544,500
Net Income diference 36000
Explanation:
The variable costing Does not consider the fixed cost part of the unit cost, so they are posted entirely in the net income as expenses.
While the Absorption costing does include them in the unit cost, giving a higher unit value.
This diference (include or not the fixed assets) do not alter the ending inventory or the cost of goods sold, and indirectly the net income as long as the production and the sales equals. Once they difer, what it is happening is that some part of the fixed cost, which are expose entirely as expense in the net income under the variable cost, are hidden inside the ending inventory under the absorption cost.
The unit fixed cost times the ending inventory ($6 x 6,000) makes for the diference in both, net income and ending inventory.
As a result the company looks better under absorption cost, because it has better aassets an a net income higher, but behind that is one of reasons for the failure of absorption cost ot represent the reality. Currently, ABC or standart cost are more common because they have ways to handle this diferences and keep record of them.