When managers employ a profile schema of the characteristics of good, poor, and outstanding employees they are using a(n) ________ schema to compare present employees and job candidates. A. role-based B. person-based C. events-based D. self-based

Answer:

A consortium usually operates in a country where none of the participants is currently active.

Explanation:

Answer:

b. dynamic capability

Explanation:

The competence described in the question is a company's dynamic capability because it represents the company's ability to change its internal functions according to the dynamics of external enviroment.

A company with a high dynamic capability is able to assess the changes that the market is going through, and adpat itself to those changes. A company that lacks dynamic capability can easily be swayed by market changes, and lose market share, or even, disappear completely.

Answer:

The question posted seems to be lacking in giving what the standard costing is in monetary value. However, the formula can be given.

The formula to calculate the standard cost of input:

standard cost of unit (monetary value) multiplied by the standard quantity per unit

For Example:

If the standard cost of unit is $10 then the standard cost of input will be:

$10 x 10 pounds per case

= $100 per case.

Explanation:

To calculate standard cost, you have to understand the definition of standard cost. Standard cost is the estimated cost of production for a business.

Apply the formula given to calculate the the standard cost of input. Once you have that value, you can then calculate the cost of producing a case of roasted coffee beans.

To calculate the standard cost of producing one 10-pound case of roasted coffee beans, we consider the standard quantities and prices of the main inputs - coffee beans, packaging materials, and energy costs. By applying the formula Standard Cost = Standard Quantity x Standard Price, we can determine the standard cost of each input. The total standard cost is the sum of the standard costs of all inputs.

To calculate the standard cost of producing one 10-pound case of roasted coffee beans, we need to determine the standard cost of each input and then calculate the total standard cost. The formula to calculate the standard cost of inputs is:

Standard Cost = Standard Quantity x Standard Price

Let's consider the main inputs for producing roasted coffee beans:

1. Coffee beans: Assuming the standard quantity of coffee beans per 10-pound case is 10 pounds, and the standard price is $1 per pound, the standard cost of coffee beans would be 10 pounds x $1/pound = $10.

2. Packaging materials: Assuming the standard quantity of packaging materials per 10-pound case is $0.50, and the standard price is $0.10 per unit, the standard cost of packaging materials would be $0.50 x $0.10 = $0.05.

3. Energy costs: Assuming the standard quantity of energy per 10-pound case is 500 kilowatt-hours (kWh), and the standard price is $0.15 per kWh, the standard cost of energy would be 500 kWh x $0.15/kWh = $75.

Now, let's calculate the total standard cost by summing up the standard costs of all inputs:

Total Standard Cost = Standard Cost of Coffee Beans + Standard Cost of Packaging Materials + Standard Cost of Energy = $10 + $0.05 + $75 = $85.05

Answer:

A. the firm cannot exceed its internal rate of growth.

Explanation:

The internal growth rate is the highest level of growth that a business can achieve without any external financing. It is the level of business operations that the business can maintain on its own, and without issuing equity to gain funding.

The firm's working capital and expenses will vary directly with sales revenue.

This is a good measure of how start-ups can survive without outside funding.

Internal growth is used by businesses to maximise output from use of their processes. For example increasing efficiency of a companie's machinery to increase output.

Answer:

AFN (Additional Funds needed) is $ 11.59 Million, Growth rate is 6.87 %.

Explanation:

1) Additional Funds Needed or AFN can be calculated as below=

AFN = (Total Assets / Previous year sales) x Change in Sale -( Liabilities affected by sales / Previous year sales) x Change in Sale - (Projected net income x Retention ratio ) ----- (a)

According to given data in question

Total Assets= 122.5 million

Change in Sales = 70  

Liabilities affected by sales = 17.5

Previous year sales = 375

Projected net income = 445

Putting the above values in equation (a)

AFN = (122.5 / 375) x 70 -( 17.5 / 375) x 70 - 445 x 0.030 x 0.60

AFN = 11.59 million

2) Growth rate : Growth rate formula is given below,

Growth rate = (Total Assets x g) - (Liabilities affected by sales x g ) - Previous year sales ( 1 +g) x 0.3 x 0.60

Growth rate = 6.87 %

3) Proforma Balance Sheet for Upton Computer  is :

Cash                               4.15 Million

Accounts Receivable    30.85 Million

Inventories                      68.83 Million

Total Current Assets      103.84 Million

Net Fixed Assets             41.53 Million

Total Assets                      145.37 Million

Line of Credit-AFN           11.59 Million

Accounts Payable             18 Million

Accruals                              10.09 Million

Total Current Liabilities     50.36

Mortgage Loan                   6 Million

Common Stock                   15 Million

Retained Earning               74.01 Million

Total Current Liabilities & Equity --- 145.37 Million          

The Pro-forma balance sheet is a table of forecasting that can assist your company in managing working capital now for better future performance.

It can guarantee that there will be no surprises in the future when it comes to paying your expenses, receiving investment returns, and maintaining your products in stock.

AFN (Additional Funds needed) is $ 11.59 Million, the Growth rate is 6.87 %.

1) Calculation of the additional funds are:

AFN = [tex]\frac{\text{Total Assets}}{\text{Previous year sales}} \times \text{Change in Sale}[/tex] ---[tex]\frac{\text{Liabilities affected by sales}}{\text{Previous year sales}} \times\text{Change in Sale}[/tex] ---[tex](\text{Projected net income} \times \text{Retention ratio} )[/tex]

According to the given data in question

Total Assets= 122.5 million

Change in Sales = 70  

Liabilities affected by sales = 17.5

Previous year sales = 375

Projected net income = 445

AFN = [tex]\frac{122.5}{375} \times 70 -\frac{17.5}{375} \times 70 - 445 \times 0.030 \times 0.60[/tex]

AFN = 11.59 million

2)  Growth rate = [tex](\text{Total Assets} \times g) - (\text{Liabilities affected by sales} \times g ) - \text{Previous year sales} ( 1 +g) \times 0.3 \times 0.60[/tex]

Growth rate = 6.87 %

The pro-forma balance sheet has been attached below.

To know more about the calculation of the growth rate and the balance sheet, refer to the link below:

https://brainly.com/question/24520355

Answer:

Fiduciary.

Explanation:

A fiduciary is known as a person or organization that acts on behalf of another person or persons to manage assets. Essentially, a fiduciary owes to that other entity the duties of good faith and trust. The highest legal duty of one party to another, being a fiduciary requires being bound ethically to act in the other's best interests.

A fiduciary might also be responsible for general well-being, but often the task involves finances, managing the assets of another person, or of a group of people, for example. Money managers, financial advisors, bankers, accountants, executors, board members, and corporate officers all have fiduciary responsibility.

Answer:

Option C, if a firm wanted to know whether the demand for its product was elastic, unit elastic or inelastic, then the firm could CHANGE PRICE A LITTLE BIT AND OBSERVE WHAT HAPPENS TO TOTAL REVENUE.

Explanation:

Price elasticity of demand measures the responsiveness of demand after a change in a product's own price.

Demand is considered elastic when the absolute value of price elasticity is higher than 1 which means it is highly responsive to change in price.

Demand is inelastic when the value of price elasticity is less than 1 which means it is unresponsive to change in price.

Demand is unit elastic when value of elasticity is equal to 1 which means demand remains the same.

Therefore, the option that best suits the question is option C, the firm can know if demand is elastic, inelastic or unit elastic by CHANGING PRICE A LITTLE BIT AND OBSERVE WHAT HAPPENS TO TOTAL REVENUE.

Answer:

The correct answer is letter "C": Each batch of production, known as a job or lot.

Explanation:

Job order cost systems are used to accumulate the cost per unit of items that are different enough, each one having significant costs. Under this costing system each item produced is given its direct material costs, labor costs, and overhead. Clothing, food, and aircraft manufacturing companies use the job order cost system.

Unitary costs are accumulated per batch of productions under this type of costing system.

Final answer:

Costs in a job order cost system are accumulated for each job or lot, with total costs determined by the sum of all inputs multiplied by their factor payments. This system is suitable for tracking production costs of distinctive batches. Understanding economies of scale and the difference between fixed and variable costs is crucial in this context.

Explanation:

Under a job order cost system, costs are accumulated for each batch of production, known as a job or lot. This method is used to track the costs associated with producing a specific batch of products, rather than unit-by-unit or for entire departments. Each job may consist of a single item or a small batch of items, designed to be distinct from other jobs by its particular set of production requirements.

For every input, such as labor or materials, there's an associated factor payment, like wages or material costs. The total cost for producing a job is the sum of the amounts of each input required to produce that quantity of output multiplied by the respective factor payments.

In this context, understanding economies of scale is also necessary. As the quantity of output increases, the cost per unit typically goes down, which means larger production scales can be more cost-efficient.

When assessing costs, it's important to recognize the distinction between fixed costs, which are independent of output levels, and variable costs, which vary based on the production quantity.

Answer:

price rise = $13.731 or above will be margin call

Explanation:

given data

per ounce = $13.57

maintenance margin = $3,224 per contract

initial margin = $4,029 per contract

maintenance margin = $3,224 per contract

solution

we get loss from margin that is

loss = $4,029 - $3,224

loss = $805

and here price for july silver future contract increase as

silver future contract increase = [tex]\frac{805}{5000}[/tex]  

silver future contract increase = $0.161

so when price rise to $13.57 + $0.161

price rise = $13.731 or above will be margin call

Answer:

Year end journal entries are given below in explanation

Explanation:

a. Company provided service to customer which means that company has earned revenue

Account                                             Dr                  Cr

Accounts Receivable                       2200

Sales/Revenue                                                        2200

b. Wages expense have incurred but are not paid yet. Thus, its Liability should be booked.

Wages Expense                                1200

Wages payable / Liability                                        1200

c. The company has taken loan from the bank. Interest due on the loan is 416 but are not paid yet.

Interest Expense                                416

interest Payable                                                       416

d.  The company had contract for lawn service. To book the expense of lawn service

Lawn Service Expense                        520

Lawn Service Payable                                                520

e. The company has also made some investment. $ 220 is earned on that investment. to book the non operating income

Interest revenue receivable                220

Interest revenue - Non operating income                   220

f. Salaries of Supervisor is due on  31 st December but are not paid yet.

Salaries Expense                                   920

Salaries payable                                                              920                              

Answer:

You have to identify which account will affect each transaction and if the nature is Debit or Credit:

a. Sales (C) $ 2,200 and Accounts Receivable (D) $ 2,200

b. Wages expenses (D) $ 1,200 and Wages payables (C) $ 1,200

c. Interes expenses (D) $ 416 and Interes payable (C) $ 416

d. Sales (C) $ 520 and Accounts Receivable (D) $ 520

e. Interes income (C) $ 220  and Other Accounts Receivable (D) $ 220

f. Salary expenses (D) $ 920 and Salaries payables (C) $ 920

Answer:

Using the sequence A-B-C-D the production per cycle is A ( 1 )-B (1 )-C( 2 )-D ( 2 )

Explanation:

See the picture attached

Answer:

(B) Cramer is liable for failure to obtain proper documentation showing that the workers were eligible to work in the US. Further corporate officers of Cramer can be held personally liable for failure to satisfy these requirements. Civil and criminal penalties may apply.

Answer:

The correct answer is letter "A": Relative advantage.

Explanation:

American Professor E.M. Rogers (1931-2004) in his book "Diffusion of Innovation" (1962) defined Relative Advantage like the degree to which a consumer observes a new product enhanced than its substitute. Nowadays the concept of relative advantage denotes the degree in which customers perceive the benefits of a new product higher than existing competitors.

The adoption of new products will rely on the relative advantage they can provide to consumers.

Answer:

Some answers are attached below

Explanation:

We need to maximize profit -

Selling prices for A,B,C are given; Costs of materials 1,2 and labor are given.

Also given is that 1 unit of each product A,B,C requires certain units of material 1, material 2 and labor based on the table provided.

Profit for 1 unit of A = Selling Price - Cost = 101 - [(7*3)+(5*2)+(15*4)] = 10 $

Profit for 1 unit of B = Selling Price - Cost = 67 - [(7*1)+(5*4)+(15*2)] = 10 $

Profit for 1 unit of C = Selling Price - Cost = 97.5 - [(7*5)+(5*0)+(15*3.5)] = 10 $

LP Formulation

Maximize profit Z = 10A+10B+10C

subject to Constraints

3A+B+5C<=300 ----> Material 1 constraint

2A+4B<=400 ---->Material 2 constraint

4A+2B+3.5C <=200 ----->Labor

C>=10 -----> Product C Demand constraint

A,B,C>=0

Below is the solver solution and formulation table from Excel -

Maximum profit = 925 $

The question involves formulating a linear programming problem to maximize profit by choosing production numbers for three products, constrained by available materials, labor, and demand. Additionally, it asks to determine the best production method based on various costs of labor and capital. The optimal decision-making strategy is determined by using Microsoft Excel Solver for the first task and a cost comparison for the second.

The scenario presents a linear programming problem with the objective of maximizing profit by deciding how many units of products A, B, and C to produce weekly. For this purpose, we must define decision variables such as XA, XB, and XC to represent the numbers of products A, B, and C produced. We incorporate constraints based on material usage, labor hours, and demand. For material 1, the constraint would be 7XA + 7XB + 7XC ≤ 300, considering the cost of material per unit. Correspondingly, we calculate constraints for material 2 and labor, considering their costs and weekly availability.

Using Microsoft Excel Solver, we set up the objective function to maximize profit, which is 101XA + 67XB + 97.50XC. We input the constraints for material 1, material 2, labor, and the minimum production requirement for product C into Solver. After running Solver, we obtain the optimal quantities of products A, B, and C to produce to achieve maximum profit.

Regarding the best production method in the second scenario, we evaluate the cost associated with each method. For Method 1 at the cost of $100/unit of labor and $400/unit of capital, the cost would be (50 units of labor * $100) + (10 units of capital ×$400). We compare the calculated costs similarly for Methods 2 and 3. The method with the lowest total cost will be the most economical option. If the cost of labor rises to $200/unit, we recalculate the total costs for each method using the new cost of labor, and again select the method with the lowest cost.

https://brainly.com/question/32253271

#SPJ3

Answer:

Austin's Tavern should record $5,500 as rent expense at May 31.

Explanation:

When an amount is prepaid, it is recorded in the books by debiting prepaid expense (rent in this case) and crediting cash account. When the expense is incurred, the required entries are debit rent expense and credit prepaid rent.

If $13,200 was prepaid for the full year as at 1 January, as at May 31, expense incurred

= 5/12 × $13,200

= $5,500

Hence Austin's Tavern should record $5,500 as rent expense at May 31.

Answer:

1. The budgeted cash payment for January selling and administrative expenses is $82,500.

2. The amount of utilities payable is $10,000.

3. The amount of depreciation expense the store will report on the income statement for year 1 is $60,000

Explanation:

1. Determine the amount of budgeted cash payments for January selling and administrative expenses.

Budgeted cash payment = Sales commissions + Rent + Miscellaneous

                                         = $50,000 + $30,000 + $2,500

Budgeted cash payment = $82,500.

Therefore, the budgeted cash payment for January selling and administrative expenses is $82,500.

2. Determine the amount of utilities payable the store will report on the January 31 pro forma balance sheet.

Since utilities are paid in the month after they are incurred, the amount of utilities payable is $10,000.

3. Determine the amount of depreciation expense the store will report on the income statement for year 1, assuming that monthly depreciation remains the same for the entire year.

Depreciation expenses for year 1 = $5,000 × 12 = $60,000.

Therefore, the amount of depreciation expense the store will report on the income statement for year 1 is $60,000.

Note that depreciation is not a cash expenses but just a recognition of the wear and tear of the asset. That is why it does not fall under any cash category above but to be reported in the income statement.

The budgeted cash payments for January selling and administrative expenses are $87,500. Utilities payable on the January 31 pro forma balance sheet is $10,000. Yearly depreciation expense is $60,000.

To determine the budgeted cash payments for January selling and administrative expenses, we sum up all the expenses except for utilities, which are paid in the month after they are incurred:

[tex]\[ Cash\ Payments = Sales\ Commissions + Rent + Depreciation + Miscellaneous \]\[ Cash\ Payments = \$50,000 + \$30,000 + \$5,000 + \$2,500 \]\[ Cash\ Payments = \$87,500 \][/tex]

So, the budgeted cash payments for January selling and administrative expenses are $87,500.

To determine the amount of utilities payable on the January 31 pro forma balance sheet, we simply take the utilities expense of $10,000 because it's paid in the month following its incurrence:

[tex]\[ Utilities\ Payable = \$10,000 \][/tex]

For the amount of depreciation expense the store will report on the income statement for year 1, assuming monthly depreciation remains the same for the entire year, we take the monthly depreciation and multiply it by 12:

[tex]\[ Yearly\ Depreciation\ Expense = Monthly\ Depreciation \times 12 \]\[ Yearly\ Depreciation\ Expense = \$5,000 \times 12 \]\[ Yearly\ Depreciation\ Expense = \$60,000 \][/tex]

So, the store will report $60,000 of depreciation expense on the income statement for year 1.

Answer:

a. Business Analysis

Explanation:

Business analysis is the fourth stage a business undertakes when they are developing a product. It is at this stage that financial projections are made to see how feasible the product will be in the market. Marketing strategies are developed to effectively drive sales of the new product.

In this stage there is definition of the different requirements that needs to be met to achieve business goals and objectives.

Vistakon, the maker of Acuvue brand contact lenses, is working on a new product launch of Acuvue 3, which will provide 40% more moisture than Acuvue 2. They are projecting that 30% of Acuvue 3 sales will come from Acuvue 2.

Answer:

a. Business Analysis

Explanation:

Business analysis is a step in the different steps of a new product development process where the business attractiveness of the product is evaluated. This involves reviewing the sales, costs and profit projections for the new product.

Vistakon is trying trying to determine the cannibalization rate of Acuvue 3, this means they are trying to determine the percentage of acuvue 3's sales that represents a loss of sales of Acuvue. This therefore indicates they are reviewing the sales projections of Acuvue 3, which is a process of Business analysis.

Revenue and gross profit or loss are calculated using the percentage of completion method based on costs incurred and estimated total costs for each of Arrow Construction Company's fiscal years (2021, 2022, 2023). Journal entries would reflect the progression of the construction costs, billings, and revenue recognition.

Calculation of Revenue and Gross Profit/Loss

Using the percentage of completion method, the recognized revenue and gross profit or loss for each year would be calculated based on the costs incurred and the total estimated costs. Here's how to calculate it for each year:

2021:

Total costs incurred to date: $2,170,000

Total estimated costs: $2,170,000 + $4,170,000 = $6,340,000

Percentage of completion: $2,170,000 / $6,340,000 = 34.22%

Revenue recognized: 34.22% of $8,510,000 = $2,910,467

Gross profit: Revenue recognized - Costs incurred = $2,910,467 - $2,170,000 = $740,467

2022:

Total costs incurred to date: $2,170,000 + $2,670,000 = $4,840,000

Total estimated costs: $4,840,000 + $3,855,000 = $8,695,000

Percentage of completion: $4,840,000 / $8,695,000 = 55.68%

Revenue recognized: 55.68% of $8,510,000 = $4,736,028

Gross profit: Revenue recognized - Costs incurred to date = $4,736,028 - $4,840,000 = ($103,972) (loss)

2023:

Total costs incurred: $8,810,000

Total contract price: $8,510,000

Revenue recognized: $8,510,000 (full contract price as project is completed)

Gross profit: Revenue recognized - Costs incurred to date = $8,510,000 - $8,810,000 = ($300,000) (loss)

Journals entries for transactions and partial balance sheet presentations would follow the standard accounting format showing construction in progress, billings on construction contract, and construction costs, among other accounts.

1) Amount of Revenue and Gross profit or loss (2021,2022, and 2023) is $744,624, -$845,305 (Gross Loss), -$199,319 (Gross Loss)

2a) Journal entries for 2021 is (Record construction costs $2,170,000 , Record Billings $2,670,000 , Record cash collected $2,420,000)

2b) Journal entries for 2022 is (Record construction costs $2,670,000 , Record Billings $2,920,000, Record cash collected $2,645,000)

3a) Partial balance sheet for December 31, 2021 is $244,624

3b) Partial balance sheet for December 31, 2022 is $850,681

Percentage of Completion Method for Construction Contract:

Let's calculate the revenue and gross profit to be recognized in each year using the percentage of completion method:

1. Revenue and Gross Profit Calculation:

2021:

2022:

2023:

2. Journal Entries:

2021 Entries:

2022 Entries:

3. Balance Sheet Presentation:

As of December 31, 2021:

As of December 31, 2022:

the answer is task. i just did the assignment.

Despite the communication difficulty and barriers with companies from different cultures,  This reflects the influence of globalization on the option B)Task" environment of companies.

Globalization refers to the increasing interconnectedness and interdependence of economies, cultures, and societies across the world. It has led to the breaking down of traditional barriers and the expansion of opportunities for businesses to operate beyond their national boundaries.

Globalization has led to increased interaction between companies from different cultural backgrounds

Read more about communication here:

https://brainly.com/question/28153246

#SPJ3

See text below

Despite the communication difficulty and barriers with companies from different cultures, many organizations are seeking opportunities to partner with companies from other countries for new supply and distribution. This reflects the influence of globalization on the ____ environment of companies.

A)economic

B)Task

c)Genral

Credentialism can hinder growth by excluding capable individuals who can't afford a degree, promoting inequality, and causing inefficient resource allocation. However, ensuring equal opportunities to education can mitigate its negative effects.

Credentialism, the emphasis on certificates or degrees to show that a person has a skill or met certain qualifications, can be an obstacle to growth in several ways. The focus on degrees over actual knowledge or skill can exclude capable individuals who don't have the means to earn a degree, which can lead to an underutilization of potential human capital and reduce growth.

Further, the practice of credentialism can exacerbate inequality, since the cost of earning a degree has become prohibitive for many people, but employers often use degrees as a pre-screening tool. Finally, the overemphasis on credentials can lead to an inefficient allocation of resources, as individuals spend time and money on formal education that might not be necessary for their careers.

However, the solution might not be to do away with credentialism, but rather to ensure that our educational institutions provide everyone with the opportunity to gain the skills and knowledge they need to succeed, regardless of their ability to pay.

https://brainly.com/question/14880501

#SPJ12

Answer:

a. AT ACQUISITION DATE TOTAL   Parent      NCI

Capital stock    300   270           30

retained earnings   1650 1485 1650

goodwill       52050  46845 5205

investment    54000 51100 29000

b.Goodwill is allocated at 9:1 ratio

90% ; 10% given

Explanation:

The difference in these amounts is big, suspicions of error in typing amounts in the question. Even after the answer is in thousands

Original goodwill is calculated using the fair value of the consideration transferred plus the fair value of the noncontrolling interest, less the adjusted net assets at acquisition. It amounted to $50,000,000 for the Plaza Hotels acquisition of Stardust Casinos, with allocations of $45,000,000 to the controlling interest and $5,000,000 to the noncontrolling interest, following a ratio of 90:10.

Calculation of Original Goodwill and Its Allocation

The calculation of original goodwill in the context of a business combination, such as an acquisition, takes into account the fair value of the consideration transferred, the fair value of the noncontrolling interest, and the fair value adjustments for identifiable net assets of the acquire.

When Plaza Hotels acquired a 90 percent interest in Stardust Casinos, the goodwill was calculated based on the acquisition price, the fair value of the noncontrolling interest, and fair value adjustments.

The original purchase price for the 90% interest was $51,100,000, and the fair value of the noncontrolling interest for the remaining 10% was $2,900,000, leading to a total fair value of the business of $54,000,000 ($51,100,000 + $2,900,000).

The book value of Stardust's equity was $2,000,000, but adjustments were needed for items not reflected at fair value.

Plant and equipment were overvalued by $6,000,000 and needed to be reduced, while the previously unrecorded intangible assets valued at $8,000,000 were added.

Adjusted net assets of Stardust at acquisition were:
Book value of equity: $2,000,000

Less overvaluation of plant and equipment: $6,000,000

Addition for intangibles not previously recorded: $8,000,000

Adjusted net assets = $4,000,000 ($2,000,000 - $6,000,000 + $8,000,000). Original goodwill can then be calculated as follows:

Total fair value of Stardust ($54,000,000) - Adjusted net assets ($4,000,000) = $50,000,000.

This total goodwill is then allocated between the controlling and noncontrolling interests based on their ownership percentages:

Goodwill attributed to controlling interest (Plaza Hotels): 90% x $50,000,000 = $45,000,000

Goodwill attributed to noncontrolling interest: 10% x $50,000,000 = $5,000,000

The ratio of goodwill allocation between controlling and noncontrolling interests is 90:10.

Answer:

Date                         Description                                Debit           Credit

31st Dec              Sales Revenue                               $4,500

                          Refunds Payable                                               $4,500

31st Dec           Inventory Estimated Returns             $2,900

                        Cost of Goods Sold                                             $2,900

Explanation:

First, the obvious facts about the question

Estate of returned merchandise = 5%

Sales revenue for the year = $90,000

Cost of goods sold = $59,000

Step 1: Sales Revenue is already $90,000 Credit entry (it is an income) and as such any return will have a debit entry to reduce the revenue as follows

Return = 0.05 x $90,000 = $4,500

This same refunds will also go into the refunds payable account as a current liability  (credit entry)

Step 2: The returns will also affect the inventory and cost of sales as follows

0.05 x $58,000 =  $2,900

This will increase the inventory 9debit side and reduce cost of sales credit side.

Journal Entries

Date                         Description                                Debit           Credit

31st Dec              Sales Revenue                               $4,500

                          Refunds Payable                                               $4,500

31st Dec           Inventory Estimated Returns             $2,900

                        Cost of Goods Sold                                             $2,900

The entry in the Journal to account for estimated returns from sales of merchandise will require adjustments of Sales Returns and Allowances and the Cost of Goods Sold. This is done by estimating 5% of the sales and 5% of the COGS which result to $4,500 and $2,550 respectively.

At the end of the year, John Photography Supplies estimated that 5% of the $90,000 worth of sold merchandise will be returned. This implies that the return is expected to be $4,500 (5% of $90,000). The Cost of Goods Sold (COGS) is $58,000 for the year. When accounting for the estimated returns, we would have two adjusting entries:

This adjust the sales revenue and the COGS downwards, thereby estimating the impact of the goods that are expected to be returned.

https://brainly.com/question/33762471

#SPJ3

Answer:

Peter's net property, plant and equipment is $700,000.

Explanation:

Net Property, plant, and equipment is the Carrying value of PPE. It is also known as the Book value of PPE. This is the value at which PPE is stated on the face of Statement of Financial Position.

The formula to calculate it as follows:

                    Cost - Accumulated Depreciation = Carrying Value

Simply put values:

1,500,000 - (250,000 + 550,000) = $700,000.

Thanks!

Answer:

$15,000 under applied

Actual overhead of $220,000 minus applied overhead of $205,000 (200,000/40,000 direct labor hours • 41,000 actual hours worked) equals 15,000 under applied

Explanation:

Answer:

$1,810,000

Explanation:

Given that,

Cost of goods sold = $1,600,000

Inventory increases by  = $210,000

Ending balance in inventory = $455,000

Opening Balance of Inventory:

= Ending balance in inventory - Inventory account increased Compare to Beginning

= $455,000 - $210,000

= $245,000

Cost of Inventory purchased:

= Cost of Goods Sold + Ending Balance of Inventory - Opening Balance of Inventory

= $1,600,000 + $455,000 - $245,000

= $1,810,000

Explanation:

The ethical issues throughout the actions of these people and community members The first move was to provide help for the people affected when the disaster of Hurricane Andrew was resolved. The people in the affected areas and aid agencies have been involved. The treatment and ethics issue contributed to the offer of such relief. As far as the ethic of care is involved, individuals have a duty in respecting the health of others in distress. Thus, this kind of philosophy was followed in this situation by providing the resources to help those impacted by the hurricane with their welfare.

Homes were destroyed, and shelter was needed. Various organisations, however, were knowingly or unknowingly interested in providing food and clothing as well as other basic necessities for such men. However, the ethical issue was the main driving force behind search and rescue operations for those directly impacted by the incident.

An example is the Bahamas National Disaster Coordinator, who played a significant role in motivating their employees to ensure that they offered timely relief to the survivors. The local population was also mobilized as often as possible to support the crisis. It is also the nature of people to support if circumstances allow them to do it anyway face. Hurricane Andrew was a shocking event for the citizens of Bahamas and Louisiana, and therefore the care and compassion ethics had to inspire the local population and different organisations.

While massive property damage happened, the ethics have helped to reduce the number of victims significantly.

Answer:

Existence of supplier clusters

Explanation:

Clusters increase productivity. This is because clusters include companies in the same industry or technology areas that share suppliers and distribution network. Meaning that companies withing their sphere can compete.

Several clusters serve as a driving force in regional economies. This clustering concept was popularized by Micheal Porter. A strong cluster can include the suppliers of raw materials and distributors and also primary producers, specialized services in finance, marketing, education, trade associations etc. Clusters can result in a lot of benefits such as increased productivity, rapid innovation and new business formation.

Answer:

manufacturability and value engineering.

Explanation:

Manufacturability and value engineering are processes that are concerned with improvement of specifications and designs at the stages of research, development, design, and production.

Value engineering aims to increase the value of a good by analysing the function. Value is the ratio of function to cost, so when we want it increase value we either increase function or reduce cost.

Manufacturability and value engineering involves reduction of the complexity of a product and improving a product's maintainability for use.

Answer:c. manufacturability and value engineering

Explanation: These activities focus on simplifying products and enhancing their maintainability, which are key aspects of manufacturability and value engineering.

Answer:

Answer is 1.53%.

Explanation:

The annual depreciation rates are:

1 = 1.6%

2= 2.8 %

3= 0.12 %

4=1.6 %

(These are calculated through data given in the question).

Now the average annualized reconciles appreciation rate on straight line basis = [tex]\frac{1.6+1.6+2.8+0.12}{4}[/tex]

= [tex]\frac{6.12}{4}[/tex]

= 1.53 %

Hence the correct answer for the question is 1.53%.

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Assume that the Assembly Department allocates overhead using a plantwide overhead rate based on machine hours.

The first thing that we need is the predetermined overhead rate. We weren't provided with this information, but I will give the formula and a small example to guide an answer:

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

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

For example:

Estimated overhead= $200,000

Estimated machine hours= 35,000

Estimated manufacturing overhead rate= 200,000/35,000= $5.71 per machine hour

Now, we can allocate overhead:

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

Because it is a plantwide overhead rate, we need to sum the total machine hours required:

Machine hours= 2.5 + 0.5= 3 machine hours

Allocated MOH= 5.71*3= $17.13 per unit

Final answer:

To calculate the total overhead assigned to the product, the overhead rates for the Assembly and Finishing Departments are determined based on their respective allocation bases. These rates are then applied to the product's usage of machine hours and labor hours, resulting in a total overhead of $13.985.

Explanation:

To calculate the total overhead assigned to the product, we need to determine the overhead rates for both the Assembly and Finishing Departments and then apply these rates to the product's resource usage.

The Assembly Department allocates overhead based on machine hours (MH), while the Finishing Department allocates based on direct labor hours (DLH).

First, we calculate the overhead rates:

Next, we apply these rates to the product's use of department resources:

The total overhead assigned to the product is the sum of the overheads from both departments.

Therefore, Total Overhead = Assembly Overhead + Finishing Overhead = $2.75 + $11.235 = $13.985.