An apparel manufacturing plant has estimated the variable cost to be $21 per unit. Fixed costs are $1M per year. Forty percent of its business is with one preferred customer and the customer is charged at cost. The remaining 60% of the business is with several different customers and they are charged at $35 per unit. Find (a) the breakeven volume for this job shop. (b) the unit cost if 100,000 units are made per year. (c) the annual profit for this quantity.

Answers

Answer 1
find the charge of A AND B to go to C and then you have to scream rlly loud okay! and then you have to jump up and down for 3x • 4x = 9p squared okay

Related Questions

What is another term for the buying and selling of stocks?

A.) Entrepreneurial ability.
B.) Trading.
C.) Shares.
D.) Lack of scarcity.

Answers

B I’m pretty sure have a great day
the answer is trading

Reamer Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for next year: Direct materials $ 1,000 Direct labor $ 3,000 Sales commissions $ 4,000 Salary of production supervisor $ 2,000 Indirect materials $ 400 Advertising expense $ 800 Rent on factory equipment $ 1,000 Reamer estimates that 500 direct labor-hours and 1,000 machine-hours will be worked during the year. The predetermined overhead rate per hour will be:

Answers

Answer:

$3.40 per machine-hour

Explanation:

Calculation for what The predetermined overhead rate per hour will be:

First step is to calculate the Total estimated manufacturing overhead

Manufacturing overhead:

Salary of production supervisor $2,000

Indirect materials $400

Rent on factory equipment$1,000

Total estimated manufacturing overhead $3,400

Now let calculate the Predetermined overhead rate using this formula

Predetermined overhead rate=Total estimated manufacturing overhead/Estimated machine-hours

Let plug in the formula

Predetermined overhead rate=$3,400/1,000

Predetermined overhead rate=$3.40 per machine-hour

Therefore The predetermined overhead rate per hour will be:$3.40 per machine-hour

Decision Point: International Market Analysis You've done a considerable amount of research and have determined the follöwing Approximately 75% of the population in Ethiopia does not have electricity. Approximately 55% of the population in Nigeria does not have electricity. Nearly 40% of the population in Bangladesh does not have electricity. Nearly 25% of the population in Indonesia does not have electricity. Approximately 25% of the population in India does not have electricity. * Yoè recognize, however, that it would be wise to consider the population of those countries before determining which market(s) would have the greatest potential for your products, so you obtain that information as well. Your research reveals the following population estimates: .
Population of Ethiopia: 102,000,000 .
Population of Nigeria: 187,000,000 .
Population of Bangladesh: 163,000,000
Population of Indonesia: 260,000,000
Population of India: 1,327,000,000
Based on the information presented above, calculate the number of people in each country who do not have access to electricity.

Answers

Answer and Explanation:

The computation is shown below:

Country  Total population  % without electricity  No. of people without electricity

Ethiopia         102,000,000     75%                          76,500,000

Nigeria          187,000,000      55%                         102,850,000

Bangladesh  163,000,000      40%                         65,200,000

Indonesia     260,000,000     25%                         65,000,000

India             1,327,000,000   25%                         331,750,000

The number of people in each country who do not have access to electricity will be:

Ethiopia = 76,500,000Nigeria = 102,850,000Bangladesh = 65,200,000Indonesia = 65,000,000.India = 331,750,000.

In Ethiopia, the number of people without electricity will be:

= 75% × 102000000 = 76500000

In Nigeria, the number of people without electricity will be:

= 187000000 × 55% = 102850000

In Bangladesh, the number of people without electricity will be:

= 163000000 × 40% = 65200000

In Indonesia, the number of people without electricity will be:

= 260000000 × 25% = 65000000

In India, the number of people without electricity will be:

= 1327000000 × 25% = 331750000

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Jose purchased a delivery van for his business through an online auction. His winning bid for the van was $25,250. In addition, Jose incurred the following expenses before using the van: shipping costs of $1,270; paint to match the other fleet vehicles at a cost of $1,440; registration costs of $2,970, which included $2,750 of sales tax and an annual registration fee of $220; wash and detailing for $121; and an engine tune-up for $327.

Required:
What is Joseâs cost basis for the delivery van?

Answers

Answer:

$30,710

Explanation:

Calculation for Jose cost basis for the delivery van

Van Winning bid $25,250

Add Shipping costs of $1,270

Add Paint to match the other fleet vehicles $1,440

Add Sales tax $2,750

Basis for the delivery van $30,710

($25,250 + $1,270 + $1,440 + $2,750 )

Therefore Jose cost basis for the delivery van was $30,710

On January 1, 2020, Bridgeport Corporation issued $3,740,000 of 10-year, 8% convertible debentures at 102. Interest is to be paid semiannually on June 30 and December 31. Each $1,000 debenture can be converted into 8 shares of Bridgeport Corporation $100 par value common stock after December 31, 2021. On January 1, 2022, $374,000 of debentures are converted into common stock, which is then selling at $111. An additional $374,000 of debentures are converted on March 31, 2022. The market price of the common stock is then $116. Accrued interest at March 31 will be paid on the next interest date. Bond premium is amortized on a straight-line basis. Make the necessary journal entries for: (a) December 31, 2021. (c) March 31, 2022. (b) January 1, 2022. (d) June 30, 2022.

Answers

Answer:

Bridgeport Corporation

Journal Entries:

(a) December 31, 2021.

Debit Interest on Debentures $149,600

Credit Cash $149,600

To record the interest expense and payment for the six months.

Debit Debentures Premium $3,740

Credit Interest on Debentures $3,740

To record the amortization of the debentures premium.

(b) January 1, 2022.

Debit Debenture $374,000

Credit Common Stock $299,200

Credit APIC $74,800

To record the conversion of debentures to shares.

(c) March 31, 2022.  

Debit Debenture $374,000

Credit Common Stock $299,200

Credit APIC $74,800

To record the conversion of debentures to shares.

Debit Interest on Debentures $67,320

Credit Interest Payable $67,320

To accrue interest for the quarter.

Debit Debentures Premium $1,870

Credit Interest on Debentures $1,870

To record the amortization of the debentures premium for the quarter.

(d) June 30, 2022.

Debit Interest on Debentures $59,840

Credit Interest payable $59,840

To accrue interest for the quarter.

Debit Debentures Premium $1,870

Credit Interest on Debentures $1,870

To record the amortization of the debentures premium for the quarter.

Debit Interest Payable $127,160

Credit Cash $127,160

To record payment of interest for the six months.

Explanation:

a) Data and Calculations:

Issue of 10-year 8% Convertible Debentures at 102 = $3,814,800 (Cash)

Debenture premium $74,800

Half-yearly premium amortization = $74,800/20 = $3,740

Face value = $3,740,000

b) Interest on Debenture = $3,740,000 * 8% * 1/2 = $149,600

c) $374,000 debentures converted into 8 shares for every $1,000.

= $374,000/1,000 * 8 = 2,992 shares at $100 par value

d) Interest on Debentures ($3,740,000 - $374,000) * 8% * 1/4

= $3,366,000 * 8% * 1/4 = $67,320

Plus

$3,366,000 - $374,000 * 8% * 1/4 = $59,840

Total interest = $127,160

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments-Molding and Fabrication. It started, completed, and sold only two jobs during March- Job P and Job Q. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March):
Molding Fabrication Total
Estimated total machine-hours used 2,500 1,500 4,000
Estimated total fixed manufacturing overhead $ 14,000 $ 17,400 $ 31,400
Estimated variable manufacturing overhead per machine-hour $ 3.00 $ 3.80
Job P Job Q
Direct materials $ 29,000 $ 16,000
Direct labor cost $ 33,800 $ 13,900
Actual machine-hours used:
Molding 3,300 2,400
Fabrication 2,200 2,500
Total 5,500 4,900
Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.
What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.)

Answers

Answer:

Predetermined manufacturing overhead rate= $11.15 per machine hour

Explanation:

Molding Fabrication Total

Estimated total machine-hours used 2,500 1,500 4,000

Estimated total fixed manufacturing overhead $ 14,000 $ 17,400 $ 31,400

Estimated variable manufacturing overhead per machine-hour $ 3.00 $ 3.80

To calculate a single plantwide predetermined overhead rate, we need to use the following formula:

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

Total fixed overhead= $31,400

Total variable overhead= (3*2,500) + (3.8*1,500)= $13,200

Total Machine hours= 4,000

Predetermined manufacturing overhead rate= (31,400 + 13,200) / 4,000

Predetermined manufacturing overhead rate= $11.15 per machine hour

Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ACME Wayne ($ in millions)Corporation Enterprises Current assets:Cash and cash equivalents $499 $285 Current investments 7 530 Net receivables 751 206 Inventory 10,586 8,609 Other current assets 1,344 255 Total current assets $13,187 $9,885 Current liabilities:Current debt $8,621 $4,451 Accounts payable 1,807 1,061 Other current liabilities 1,179 2,381 Total current liabilities $11,607 $7,893 Required:1-a. Calculate the current ratio for ACME Corporation and Wayne Enterprises. (Enter your answers in millions. For example, $5,500,000 should be entered as 5.5.)

Answers

Answer: See explanation

Explanation:

We should note that the current ratio is calculated as:

= Current assets / Current liabilities

Therefore, the current ratio for ACME Corporation will be:

= Current assets / Current liabilities

= $13,187 / $11,607

= 1.136

The current ratio for Wayne Enterprises will be:

= Current assets / Current liabilities

= $9,885 / $7,893

= 1.25

You have just purchased ten municipal bonds, each with a $1,000 par value, for $9,500. You purchased them immediately after the previous owner received semiannual coupon payments. The bond rate is 6.6% per year payable semiannually. You plan to hold the bonds for 5 years, selling them immediately after you receive the coupon payment. If your desired nominal yield is 12% per year compounded semiannually, what will be your minimum selling price for the bonds

Answers

Answer:

$12,663.26

Explanation:

The computation of the minimum selling price is shown below

Semi-annual  = 12% ÷ 2 = 6%

Semi-annual compounding periods = 5 × 2 = 10

Semi-annual coupon (for 10 bonds) = $10,000 × 6.6% x (1 ÷ 2) = $330

as we know that

We assume the selling price be S

Present worth (PW) of the bond= PW of future cash flows

$9,500 = $330 × P/A(6%, 10) + S × P/F(6%, 10)

$9,500 = $330 × 7.3601 + S × 0.5584

$9,500 = $2,428.83 + S × 0.5584

S × 0.5584 = $7,071.17

= $7,071.17 ÷ 0.5584

= $12,663.26

Taxable income terminology Taxable Income Terminology Match the terms relating to the basic terminology and concepts of personal finance on the left with the descriptions of the terms on the right. Read each description carefully and type the letter of the description in the Answer column next to the correct term These are not necessarily complete definitions, but there is only one possible answer for each term
Term Answer Description
A. To qualify for exclusion during this transaction, you must have owned and Gross income ▼ occupied for two of the five prior years
B. This term essentially includes all income subject to federal tax Active income Portfolio income
C. Using taxable income, it is based on tax tables or tax rate schedules Passive income
D. This term includes expenses that can only offset portfolio income.
E. This is used to offset passive income Investment expenses
F. This term includes income from self-employment Real estate or limited partnership expenses Capital gains
G. This item is taxed at different rates depending on the holding period Sale of a home A TH,
H. This is used to determine tax liability Taxable income
I. This term includes income gained from real estate and limited partnerships ▼ Tax liability C
J. This term refers to earnings and capital gains generated from investment holdings

Answers

Answer:

A. To qualify for exclusion during this transaction, you must have owned and occupied for two of the five prior years ⇒ Sale of a home.

B. This term essentially includes all income subject to federal tax ⇒ Gross Income.  

C. Using taxable income, it is based on tax tables or tax rate schedules ⇒ Tax liability.

D. This term includes expenses that can only offset portfolio income. ⇒ Investment expenses.

E. This is used to offset passive income Investment expenses. ⇒ Real estate or limited partnership expenses.

F. This term includes income from self-employment ⇒ Active Income.

G. This item is taxed at different rates depending on the holding period ⇒ Capital gains.

H. This is used to determine tax liability ⇒ Taxable income.

I. This term includes income gained from real estate and limited partnerships. ⇒ Passive income.

J. This term refers to earnings and capital gains generated from investment holdings. ⇒ Portfolio income.

Consider a chemical factory that is situated next to a farm. Airborne emissions from the chemical factory damage crops on the farm. The marginal benefits of emissions to the factory and the marginal costs of damage to the farmer are as follows: Quantity of emissions (Q) 100 200 300 400 500 600 700 800 900 MB to factory 320 280 240 200 160 120 80 40 0 MC to farmer 110 130 150 170 190 210 230 250 270 Calculate the total net benefit to the farmer and factory at the economically and socially efficient quantity of emissions. A. $63000 B. $62000 C. $60750 D. $61000

Answers

Answer:

Marginal Benefits of Emissions

Total net benefit to the farmer and factory at the economically and socially efficient quantity of emissions is $30,000 when the quantity of emission is 200 tons.

Explanation:

a) Data and Calculations:

Quantity of         Marginal       Marginal    Total Net Benefit

emissions (Q)     Benefits        Cost           or Cost

100                        320               110               21,000

200                        280               130               30,000

300                        240               150               27,000

400                        200               170               12,000

500                        160               190               -15,000

600                        120               210               -54,000

700                         80               230              -105,000

800                         40               250             -168,000

900                          0                270             -243,000      

Asset management ratios are used to measure how effectively a firm manages its assets, by relating the amount a firm has invested in a particular type of asset (or group of assets) to the amount of revenues the asset is generating. Examples of asset management ratios include the average collection period (also called the days sales outstanding ratio), the inventory turnover ratio, the fixed asset turnover ratio, and the total asset turnover ratio Consider the following case: Crawford Construction has a quick ratio of 2.00x, $36,225 in cash, $20,125 in accounts receivable, some inventory, total current assets of $80,500, and total current liabilities of $28,175. The company reported annual sales of $100,000 in the most recent annual report. Over the past year, how often did Crawford Construction sell and replace its inventory? O 4.14 x 4.55 x 2.86x 8.01 x The inventory turnover ratio across companies in the construction industry is 4.55x. Based on this information, which of the following statements is true for Crawford Construction? O Crawford Construction is holding less inventory per dollar of sales compared to the industry average O Crawford Construction is holding more inventory per dollar of sales compared to the industry average You are analyzing two companies that manufacture electronic toys-Like Games Inc. and Our Play Inc. Like Games was launched eight years ago, whereas Our Play is a relatively new company that has been in operation for only the past two years. However, both companies have an equal market share with sales of $100,000 each. You've collected company data to compare Like Games and Our Play. Last year, the average sales for all industry competitors was $255,000. As an analyst, you want to make comments on the expected performance of these two companies in the coming year. You've collected data from the companies' financial statements. This information is listed as follows: Data Collected (in dollars) Accounts receivable Net fixed assets Total assets Like Games 2,700 55,000 95,000 Our Play 3,900 80,000 125,000 Industry Average 3,850 216,750 234,600 Using this information, complete the following statements to include in your analysis days of sales tied up in receivables, which is much than the industry average. It takes Our Play 1. Our Play has time to collect cash from its customers than it takes Like Games. more than that of Our Play. This is because Like Games was formed eight years ago, so the 2. Like Games's fixed assets turnover ratio is acquisition cost of its fixed assets is recorded at historic values when the company bought its assets and has been depreciated since then Assuming that fixed assets prices (not book values) rose over the past six years due to inflation, Our Play paid a assets. amount for its fixed 3. The average total assets turnover in the electronic toys industry is 1.09x, which means that $1.09 of sales is being generated with every dollar of investment in assets. A are total assets turnover ratio indicates greater efficiency. Both companies' total assets turnover ratios than the industry average

Answers

Answer:

1. 4.14X

for the other parts of this question, i had to solve for the solution and fill it into the blank parts of the question.

Explanation:

part 1 solution:

annual sales - cash + account receivable

= 80500 - (36225 + 20125)

= 80500 - 56350

inventories = 24150

inventory turnover ratio = 100000/24150

= 4.14X

what is true for crawford is that crawford construction is holding more inventories per dollar compared to the industry average. we compared 4.14x with 4.55x to arrive at this conclusion.

part 2 solution:

Days sales outstanding  = account receivable / average sales per day

like games = 2700/(100000/365)

= 9.855

our play = 3900/(100000/365)

= 14.235

industry average = 3850/(255000/365)

= 5.5

these values would be used to fill in this part of the question

our play has 14.235 days of sales which is  much more than industry average. it is obvious that 14.235 is much greater than 5.5. It takes our play more time to time to collect colect cash from its customers than like games.   this is as our play has 14.235 days and like games has 9.855 days.

fixed asset turn over ratio = sales/ net fixed assets

like games = 100000/55000

= 1.81X

our play = 100000/80000

= 1.25X

like games has fixed asset that is higher than that of our play. from the calculation above, 1.81X is greater than 1.25X. This is as like games was created 8 years ago.

Our Play paid a higher amount for its fixed assets.

part 3 solution;

total assets turn over ratio = sales / total assets

for industry average = 225000/234600 = 1.09X

for like games = 100000/95000 = 1.05X

For our play = 100000/125000 = 0.8X

A higher turn over ratio shows greater efficiency. Both companies have lower total turnover than the industry average. we can see obviously that 1.09X is greater than 1.05X and 0.8X.

thank you!

If a product's demand rises as income rises, ceteris paribus, the product is

a) an inferior good

b) not enough information

c) a notmal good

d) outside of the market equilibrium ​

Answers

Generally, when a product's demand rises as income rises, ceteris paribus, the product is outside of the market equilibrium ​

Market equilibrium occurs when a market price of quantity demanded is equal to the quantity supplied

Hence, when a product's demand rises as income rises, ceteris paribus, the product is outside of the market equilibrium ​

In conclusion, the Option D is correct.

Read more about Market equilibrium

brainly.com/question/12252562

service that provide when the customer is still in the store​

Answers

This could be customer service.

Karen, Inc. manufactures a product that uses $15 in direct materials and $5 in direct labor per unit. Under the traditional costing system Karen uses, manufacturing overhead applied to each unit is $12. However, Karen is considering switching to an ABC system. Under the ABC system, the total activity cost would be $25. What is the total manufacturing cost per unit for Karen under the ABC system

Answers

Answer:

oie no sepo ingles:"(

Explanation:

perdonwnmeeeeeeeeeeeeeeeeeee

For the current year, Power Cords Corp. expected to sell 42,100 industrial power cords. Fixed costs were expected to total $1,650,500; unit sales price was expected to be $3,800; and unit variable costs were budgeted at $2,300.

Power Cord Corp.'s margin of safety (MOS) in sales dollars is: (Do not round intermediate calculations.)
A. $155,798,733.
B. $189,973,732.
C. $161,718,730.
D. $173,523,730.
E. $145,348,733.

Answers

Answer:

A. $155,798,733.

Explanation:

The first task to determine the break-even point in sales dollars as shown below:

break-even point in sales dollars=fixed costs/contribution margin ratio

fixed costs=$1,650,500

contribution margin ratio=unit contribution margin/sales price

unit contribution margin=unit sales price- unit variable costs

unit contribution margin=$3,800-$2,300

unit contribution margin=$1,500

contribution margin ratio=$1500/$3,800

contribution margin ratio=39.47%

break-even point in sales dollars=$1,650,500/39.47%

break-even point in sales dollars=$4,181,657

margin of safety (MOS) in sales dollars=current sales- break-even point in sales dollars

current sales=42,100*$3,800=$159,980,000

margin of safety (MOS) in sales dollars=$159,980,000-$4,181,657=$155,798,343(closest to $155,798,733)

Katy has one child, Dustin, who is 18 years old at the end of the year. Dustin lived at home for three months during the year before leaving home to work full time in another city. During the year, Dustin earned $15,000. Katy provided more than half of Dustin's support for the year. Which of the following statements regarding whether Katy may claim Dustin as a dependent for the current year is accurate?

a. Yes, Dustin is a qualifying child of Katy.
b. Yes, Dustin fails the residence test for a qualifying child but he is considered a qualifying relative of Katy.
c. No, Dustin fails the support test for a qualifying relative.
d. No, Dustin fails the gross income test for a qualifying relative.

Answers

Answer:

d. No, Dustin fails the gross income test for a qualifying relative.

Explanation:

According to the given situation, the correct option is d as the gross income of dustin would be more than the income limit i.e. $4,200 for the tax year 2019 and $4,300 for the tax year 2020

So due to this he fails the test with respect to the gross income in order to qualify the relative

HW13. Suppose that you begin saving up to buy a car by depositing a certain amount at the end of each month in a savings account which pays 3.6% annual interest compounded monthly. If your goal is to have $15,000 in the account four and a half years from now, how much do you need to put into the savings account each month

Answers

Answer:

$256.31

Explanation:

Interest rate per annum = 3.6%

Number of years = 4.5

No of payment per annum = 12

Interest rate per period 3.6%/12 = 0.3%

Number of period = 4.5*12 = 54

FV of annuity = 15,000

Deposit in each month (P) = FVA / ([1+r)^n - 1]/r)

Deposit in each month (P) = 15,000 / ([1+0.3%]^54 - 1) / 0.3%)

Deposit in each month (P) = 15,000 / ([1.003^54 - 1]/0.003)

Deposit in each month (P) = 15,000 / (1.175575 - 1/0.003)

Deposit in each month (P) = 15,000 / (0.175575/0.003)

Deposit in each month (P) = 15,000 / 58.525

Deposit in each month (P) = 256.3007262

Deposit in each month (P) = $256.31

A bachelors degree in which of the following areas is a good choice for an arts an communication manager?
A. business
B. art history
C. theater

Answers

Answer: A) Business.

I hope this helped :)

Carla Vista Company has the following information available for September 2020.

Unit selling price of video game consoles $410
Unit variable costs $328
Total fixed costs $36,900
Units sold 600
Compute the unit contribution margin.

Unit contribution margin enter the unit contribution margin
Prepare a CVP income statement that shows both total and per unit amounts.

Compute Carla Vista’ break-even point in units.

Break-even point in units enter Break-even point in units units
Prepare a CVP income statement for the break-even point that shows both total and per unit amounts.

Answers

Answer:

Carla Vista Company has the following information available for September 2020.

Unit selling price of video game consoles $410

Unit variable costs $328

Total fixed costs $36,900

Units sold 600

Compute the unit contribution margin.

Unit contribution margin enter the unit contribution margin

Prepare a CVP income statement that shows both total and per unit amounts.

Compute Carla Vista’ break-even point in units.

Break-even point in units enter Break-even point in units units

Prepare a CVP income statement for the break-even point that shows both total and per unit amounts.

Mike Greenberg opened Cheyenne Window Washing Inc. on July 1, 2022. During July, the following transactions were completed.
July 1 Issued 9,800 shares of common stock for $9,800 cash.
1 Purchased used truck for $6,560, paying $1,640 cash and the balance on account.
3 Purchased cleaning supplies for $740 on account.
5 Paid $1,440 cash on a 1-year insurance policy effective July 1.
12 Billed customers $3,030 for cleaning services performed.
18 Paid $820 cash on amount owed on truck and $410 on amount owed on cleaning supplies.
20 Paid $1,640 cash for employee salaries.
21 Collected $1,310 cash from customers billed on July 12.
25 Billed customers $2,050 for cleaning services performed.
31 Paid $240 for maintenance of the truck during month.
31 Declared and paid $490 cash dividend.
Journalize the July transactions.
Post to the ledger accounts.
Prepare a trial balance at July 31.
Journalize the following adjustments. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
(1) Services performed but unbilled and uncollected at July 31 were $1,750.
(2) Depreciation on equipment for the month was $202.
(3) One-twelfth of the insurance expired.
(4) An inventory count shows $320 of cleaning supplies on hand at July 31.
(5) Accrued but unpaid employee salaries were $415.

Answers

Answer:

Cash (Dr.) $9.800

Common Stock (Cr.) $9,800

Truck (Dr.) $6,560

Cash (Cr.) $1,640

Accounts Payable -Truck (Cr.) $4,920

Cleaning Supplies (Dr.) $740

Accounts Payable (Cr.) $740

Prepaid Insurance (Dr.) $1,440

Cash (Cr.) $1,440

Accounts Receivable (Dr.) $3,030

Service Revenue (Dr.) $3,030

Accounts Payable - Truck (Dr.) $820

Accounts Payable - Supplies (Dr.) $410

Cash (Cr.) $1,230

Cash (Dr.) $1,310

Accounts Receivable (Cr.) $1,310

Maintenance Expense Truck (Dr.) $240

Cash (Cr.) $240

Dividend paid (Dr.) $490

Cash (Cr.) $490

Explanation:

1) Accounts Receivable (Dr.) $1,750

Service Revenue (Cr.) $1,750

2) Depreciation expense (Dr.) $202

Accumulated Depreciation (Cr.) $202

3) Insurance Expense (Dr.) $120

Prepaid Insurance (Cr.) $120

4) Ending Inventory (Dr.) $320

Cleaning Supplies (Cr.) $320

5) Salaries Expense (Dr.) $415

Salaries Payable (Cr.) $415

very urgent, i need this answered asap

Answers

Answer:

Yes they offer no fee but then they want payed for a small fee....... Aaaa business this days

The partnership of Keenan and Kludlow paid the following wages during this year:

M. Keenan (partner) $85,000
S. Kludlow (partner) 75,000
N. Perry (supervisor) 53,000
T. Lee (factory worker) 34,600
R. Rolf (factory worker) 29,800
D. Broch (factory worker) 6,900 S.
Ruiz (bookkeeper) 25,400
C. Rudolph (maintenance) 5,100

In addition, the partnership owed $200 to Rudolph for work he performed during December. However, payment for this work will not be made until January of the following year. The state unemployment tax rate for the company is 2.95% on the first $9,000 of each employee's earnings. Compute the following:

a. Net FUTA tax for the partnership for this year.
b. SUTA tax for this year.

Answers

Answer:

a. The Net FUTA tax for the partnership for this year is $1,680.

b. The SUTA tax for this year is $1,062.

Explanation:

a) Data and Calculations:

M. Keenan (partner) $85,000

S. Kludlow (partner) 75,000

N. Perry (supervisor) 53,000

T. Lee (factory worker) 34,600

R. Rolf (factory worker) 29,800

D. Broch (factory worker) 6,900

Ruiz (bookkeeper) 25,400

C. Rudolph (maintenance) 5,100

Gross payroll = $314,800

FUTA rate is 6% for the first $7,000

                                      Gross Pay     FUTA                  SUTA

                                                         (first $7,000)    (first $9,000)

N. Perry (supervisor)          53,000    $420                $265.50

T. Lee (factory worker)      34,600       420                  265.50

R. Rolf (factory worker)     29,800       420                  265.50

D. Broch (factory worker)   6,900        0                       0

Ruiz (bookkeeper)            25,400       420                  265.50

C. Rudolph (maintenance)  5,100         0                     0

Payroll for employees = $154,800    $1,680               $1,062

b) The FUTA tax rate is 6.0%. The tax applies to the first $7,000 that Keenan and Kludlow paid to each employee as wages during the year.  This first $7,000 is often referred to as the federal or FUTA wage base.  The state's SUTA tax rate depends on each state where SUTA is collected.  Note that the additional $200 owed to Rudolph does not alter his base wages which fall below $7,000.

Match each of the options above to the items below.

a. Revenues, expenses. and dividends,
b. List of permanent accounts and their balances.
c. Transfer of temporary balances to retained earnings.
d. List of permanent and temporary accounts and thejr balances.
e. Assets, liabilities, and stockholders' equity

1. Adjusted Trjal balance
2. Post-closing trial balance
3. Permanent accounts
4. Temporary accounts
5. Closing entries

Answers

Answer:

a. Revenues, expenses. and dividends - Temporary accounts

b. List of permanent accounts and their balances - Post-closing trial balance

c. Transfer of temporary balances to retained earnings - Closing entries

d. List of permanent and temporary accounts and their balances - Adjusted trial balance

e. Assets, liabilities, and stockholders' equity - Permanent accounts

Suman said that, "she didn't understand the
direct and indirect speech

Answers

Explanation:

Indirect speech, also known as reported speech or indirect discourse (US), is a means of expressing the content of statements, questions or other utterances, without quoting them explicitly as is done in direct speech. For example, He said "I'm coming" is direct speech, whereas He said (that) he was coming is indirect speech. Indirect speech should not be confused with indirect speech acts.

According to the Bureau of Labor Statistics, there are about 3 million temp employees in the U.S. out of 150 million employees overall. What percentage of workers are temporary workers?

Answers

Answer:2%

Explanation:

Answer:2%

Explanation:

A company that makes fasteners and sells them to many different
manufacturing companies around the world would most likely benefit from
using which distribution channel?
A. Producer to wholesaler to business buyers
B. Producer to business buyers
C. Producer to wholesaler to consumers
D. Producer to retailers to business buyers

Answers

There are four main types of distribution channels;

1) Manufacturer > Wholesaler > Retailer > Consumer

2) Manufacturer > Wholesaler> Consumer

3) Manufacturer > Retailer > Consumer

4) Manufacturer > Consumer


Therefore the most likely answer here is option C

Producer to Wholesaler to Consumer

Answer:

A

Explanation:

A. Producer to wholesaler to business buyers

Makers Corp. had additions to retained earnings for the year just ended of $194,000. The firm paid out $184,000 in cash dividends, and it has ending total equity of $4.89 million. The company currently has 120,000 shares of common stock outstanding. a. What are earnings per share

Answers

Answer:

Makers Corp.

The Earnings Per Share are:

= $3.15.

Explanation:

a) Data and Calculations:

Additions to retained earnings for the year = $194,000

Cash dividends paid out =                                  184,000

Net income =                                                    $378,000

Total equity = $4.89 million

Outstanding shares = 120,000

Earnings per share = Net Income/Outstanding shares

= $378,000/120,000

= $3.15

b) The earnings per share (EPS) is a financial metric that is widely used to corporate value.  It indicates the amount of money that a company makes for its stockholders per share.  It is computed by dividing the net income by the number of outstanding shares.

After graduating college, you receive $10,000 and decide to put it in a high yield saving account. The account earns 0.50% compounded quarterly. a) (8 points) What is the effective annual interest rate? b) (7 points) If you leave your initial investment of $10,000 in the account without any withdrawals what would you expect the value of the account to be after 4 years?

Answers

Answer:

a)

The effective annual interest rate is 0.5009%

b)

I will expect $10,201.88 the value of the account after 4 years

Explanation:

a)

Use the following formula to calculate the effective annual interest rate

Effective annual Interest rate = ( ( 1 + Interest rate / Compounding period per year )^Compounding period per year ) - 1

Where

Interest rate = 0.50%

Compounding period per year = 4 quarters in a year

Placing values in the formula

Effective annual Interest rate = ( ( 1 + 0.5% / 4 )^4 ) - 1 = 0.005009 = 0.5009%

b)

Use the following formula to calculate the value after 4 years

Value after 4 years = Current Investment x ( 1 + Periodic Interest rate )^numbers of period

Where

Current Investment = $10,000

Periodic Interest rate = 0.50% / 4 = 0.125%

Numbers of period = Compounding Periods per year x Numbers of years = 4 quarters per year x 4 years = 16 quarters

Placing values in the formula

Value after 4 years = $10,000 x ( 1 + 0.125% )^16

Value after 4 years = $10,201.88

The general price level is 150.00 and people expect it to increase to 156.00 next year. Therefore, the expected rate of inflation equals percent. Moreover, there is a one-year bond that promises to pay $107,000.00 next year and is selling for $100,000.00 in the bond market today. So, the nominal interest rate equals percent, and the ex-ante real interest rate on this bond equals percent. Because of some news about the state of the economy, people revise their expectations of the future price level to 159.00. According to the Fisher Effect, the price of the bond today will change to_______ dollars.

Answers

Answer:

$98,165.14

Explanation:

Note: There are missing word but the full question is attached as picture below

Here, Initial Nominal Interest rate = 7%

Inflation expectation= 4%

So, real return = 3%

Now, investors would want same real return

New inflation = (159 - 150)/150 *100 = 6%

Nominal interest rate = 6 %+ 3% = 9%

Price after 1 year = $107,000

So, current price changes to = $107,000/(1+0.09) = $107,000/1.09 = $98,165.14

USAco, a domestic corporation, manufactures widgets for sale worldwide. In year 2020, USAco had $10 million of net income related to sales of products it manufactures in the US, of which 3 million relates to sales to customers outside the US. USACO also owns a factory, which it uses to produce the above income, and which has an average adjusted U.S. tax basis of $40 million (taking into account the straight-line depreciation method). As a result of these activities, USACo will be allowed a Foreign Derived Intangible Income ("FDII") deduction of _______________

Answers

Answer:

USAco

As a result of these activities, USACo will be allowed a Foreign Derived Intangible Income ("FDII") deduction of _______________

$236,250.

Explanation:

a) Data and Calculations

Net income = $10 million

Export sales income = $3 million

Normal tax on $3 million at 21% = $630,000

FDII 13.125% tax on $3 million = $393,750

Difference = $236,250

b) A foreign derived intangible income (FDII) arises from the ownership, sale, or exchange of intangible property, patents, copyrights, trademarks, trade names, or other products tied to intangible assets by USACo, which entitles it to make a tax deduction of the calculated amount or to be taxed at a reduced tax rate of 13.125% instead of the normal 21% corporate tax rate.  The FDII is aimed at encouraging US-based corporations to export more goods and services while locating more intangible assets in the US.

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