Appling Enterprises issued 10% bonds with a face amount of $560,000 on January 1, 2021. The bonds sold for $515,071 and mature in 2040 (20 years). For bonds of similar risk and maturity the market yield was 11%. Interest is paid semiannually on June 30 and December 31. Appling determines interest expense at the effective rate. Appling elected the option to report these bonds at their fair value. The fair values of the bonds at the end of each quarter during 2021 as determined by their market values in the over-the-counter market were the following: March 31 June 30 September 30 December 31 $540,000 520,000 515,000 522,000 General (risk-free) interest rates did not change during 2021. Required: 1. By how much will Appling's comprehensive income be increased or decreased by the bonds (ignoring taxes) in the March 31 quarterly financial statements? 2. By how much will Appling's comprehensive income be increased or decreased by the bonds (ignoring taxes) in the June 30 quarterly financial statements? 3. By how much will Appling's comprehensive income be increased or decreased by the bonds (ignoring taxes) in the September 30 quarterly financial statements? 4. By how much will Appling's comprehensive income be increased or decreased by the bonds (ignoring taxes) in the December 31 annual financial statements? (For all requirements, do not round your intermediate calculations.)
Answers
Answer:
The overview of the given situation is described in the explanation segment below.
Explanation:
The Journal entry is give below:
Value at Current Decrease in Paid [A+B]
beginning value value [V] interest ($)
($) ($) ($) ($) Decrease
Mar 515,071 540,000 24,929 - 24,929
June 540,000 520,000 -20,000 28,000 8,000
(\(560,000\times 10 \percent\times \frac{6}{12}\))
Sept 520,000 515,000 -5,000 - 5,000
Dec 515,071 522,000 6,929 56,000 62,929
(\(560,000\times 10 \ percent\))
Related Questions
Big Lots is able to compete against Wal-Mart with a cost leadership strategy because of its strengths in highly disciplined merchandise cost and inventory management system. This illustrates the
Answers
Answer:
Big Lots is able to compete against Wal-Mart with a cost leadership strategy because of its strengths in highly disciplined merchandise cost and inventory management system.
Explanation:
fact that support activities in the firm can provide sources of cost reduction
A truck driver fell asleep at the wheel and his freight truck tipped over, leaking ammonia into the air and requiring an evacuation of everyone within 1 mile. The driver was later sued. A Police Detective named Emilio and a Defense Attorney named Beth were both assigned to work on the case.
Which tasks would Emilio and Beth complete while working on the case?
a) Emilio would respond to the emergency to interview witnesses and examine evidence, which Beth would use to represent the defendant in court.
b) Beth would respond to the emergency, both would interview witnesses and examine evidence, and Emilio would represent the defendant in court.
c) Emilio would respond to the emergency, both would interview witnesses and examine evidence, and Beth would represent the defendant in court.
d) Beth would respond to the emergency to interview witnesses and examine evidence, which Emilio would use to represent the defendant in court.
Answers
Answer:
its c
Explanation:
Answer:
Its C
Explanation:
MC Qu. 59 A company's flexible budget for... A company's flexible budget for 16,000 units of production showed sales, $96,000; variable costs, $56,000; and fixed costs, $20,000. The sales expected if the company produces and sells 20,000 units is (Do not round intermediate calculations):
Answers
Answer: $120,000
Explanation:
First find the selling price of the units.
= Sales / Number of units produced
= 96,000 / 16,000
= $6 per unit
If 20,000 units are sold, the sales would be:
= Number of units sold * selling price
= 20,000 * 6
= $120,000
What is the purpose of DSM-5?
Answers
Answer:
manual for assessment and diagnosis of mental disorders and does not include information or guidelines
If you were a manager in a company that operates in many countries, what criteria would you use to determine whether an application should be developed as a global application or as a local application?
Answers
As a manager in a company that operates in many countries, I would consider the following criteria to determine whether an application should be developed as a global application or a local application:
Market demand: The first criterion would be to determine if there is a global market demand for the application. If the application addresses a need that is common across multiple countries, it makes sense to develop a global application. However, if the application is specific to a particular country or region, it may be better to develop a local application.
Cultural considerations: Cultural differences between countries can be a significant factor when deciding whether to develop a global or local application. Certain features that are accepted or preferred in one country may not be well-received in another. Therefore, it is essential to understand the cultural preferences of the target audience and design the application accordingly.
Language: If the application requires support for multiple languages, it may make more sense to develop a global application. In contrast, a local application would only need to support the primary language spoken in the country or region.
Legal requirements: Legal and regulatory requirements can differ significantly from country to country. Therefore, it is essential to ensure that the application complies with local regulations, including privacy laws, data protection laws, and other relevant regulations.
Cost considerations: Developing a global application can be more expensive due to the need to consider cultural, legal, and language differences. Therefore, cost considerations should be taken into account when deciding between a global or local application.
By considering these criteria, a manager can determine whether an application should be developed as a global application or a local application.
Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
Answers
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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How do you make people interested in your business?
Answers
Identify Your Ideal Client. It's easier to look for customers if you know the type of consumers you seek.
Discover Where Your Customer Lives.
Know Your Business Inside and Out.
Position Yourself as the Answer.
Try Direct Response Marketing.
Build Partnerships.
Follow Up.
Attract New Customers Using Social Media. Optimizing your social media accounts takes very little time to do and can significantly increase your reach.
Improve Website SEO.
Engage with Loyal Customers.
Collaborate with Local Business Partners.
Social Media Giveaways.
Explanation:
Ask for referralsNetworkoffer discounts and incentive for new customers onlyRe- contact old customersImprove your websitepartners with complementary businesspromote your expertiseuse online reviews to your advantageI have to write an persuasive email to parents of 6-12 year old children to promote my art & adventure new online recreational club by using AIDA strategy in which;
A stands for Attention,
I stands for Interest,
D stands for Desire, and
A stands for Action.
Any ideas??
{ Write a persuasive email on the following topic using the AIDA strategy. Task: Write a persuasive email using the AIDA model, to parents of 6 to 12- year-old boys and girls, promoting Art and Adventure is a new online recreation club which aims at providing a host of online activities for children especially during the winter months in Canada. Tell them they can learn more about the activities by visiting your website. }
Answers
Answer:
Explanation:
Greetings to all parents looking for something to keep your children occupied!
Is your child bored during those cold winter months? Here is something that can spark their imagination and creativity.
Art and Adventure is a new online recreation club for six to twelve year olds that encourages kids to create through digital art programs and group activities. Your children can interact with other children in a safe environment and share creative ideas, while also building creative skills.
Instead of having to drag your child through the snow in freezing temps, they can stay inside while continuing to be intellectually and creatively inspired!
Learn more by visiting us here!
Karen works part-time at a local convenience store and earns $10 per hour. She wants to spend next Saturday afternoon attending a music concert. The full price of a concert ticket is $75, but Karen was able to get a discounted price of $50 from a friend who purchased the ticket but has become unable to attend. If Karen took 4 hours off from her job to attend the concert, what was her opportunity cost of attending the concert
Answers
Answer:
$25
Explanation:
it said her and her friend.
The opportunity cost for attending the concert is $90. Thus, option (D) is correct.
What is opportunity cost?Opportunity cost refers to the loss of value or benefit that would result from engaging in a certain activity option in comparison to engaging in an alternative activity that offers a higher return on value or benefit. It gives the value of the best alternative chosen in the process of decision-making.
According to the given question, Karen gets paid $10 per hour for her part-time job. She wanted to attend the concert and price of the concert ticket after getting the discount is $50.
The four hours off from the job will cost = $10 × 4 hours
= $40
The opportunity cost for attending the concert = $50+$40
= $90
Therefore, it can be concluded that opportunity cost will be $90. Hence, option (D) is correct.
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Your question is incomplete, but most probably the full question was...
What was her opportunity cost of attending the concert?
a.$40
b.$50
c.$75
d.$90
A few years ago the British government was considering retiring, or buying back from investors, some outstanding consols that had annual coupons of . A consol is: A. a coupon bond that pays a variable coupon and has a fixed maturity date. B. a coupon bond that pays a fixed coupon rate and does not mature. C. a coupon bond that pays a variable coupon rate and does not mature. D. a coupon bond that pays a fixed coupon rate and has a fixed maturity date. If the yield to maturity on other long-term British government bonds was %, the price the British government is likely to offer investors is £ nothing. (Enter your response to a nearest dollar.)
Answers
Answer:
a coupon bond that pays a fixed coupon rate and does not mature
Explanation:
Pepper Department store allocates its service department expenses to its various operating (sales) departments. The following data is available for its service departments:
Expense Basis for allocation Amount
Rent Square feet of floor space $ 30,000
Advertising Amount of dollar sales 36,000
Administrative Number of employees 51,000
The following information is available for its three operating (sales) departments:
Department Square Feet Dollar Sales Number of employees
A 3,200 $ 236,000 5
B 4,800 $ 354,000 7
C 8,000 $ 590,000 8
Totals 16,000 $ 1,180,000 20
What is the total expense allocated to Department B?
Answers
- Rent: $30,000 / 16,000 sq ft = $1.875 per sq ft
- Advertising: $36,000 / $1,180,000 = 0.03 per dollar of sales
- Administrative: $51,000 / 20 employees = $2,550 per employee
Using these allocation rates, we can allocate the expenses to each department:
- Department A: (3,200 sq ft x $1.875/sq ft) + ($236,000 x 0.03) + (5 employees x $2,550/employee) = $6,000 + $7,080 + $12,750 = $25,830
- Department B: (4,800 sq ft x $1.875/sq ft) + ($354,000 x 0.03) + (7 employees x $2,550/employee) = $9,000 + $10,620 + $17,850 = $37,470
- Department C: (8,000 sq ft x $1.875/sq ft) + ($590,000 x 0.03) + (8 employees x $2,550/employee) = $15,000 + $17,700 + $20,400 = $53,100
Therefore, the total expense allocated to Department B is $37,470.
The management of a company finds that while the cost of making a component part is Rs. 15, the same is available in the market at Rs. 13 with an assurance to continuous supply. The cost information for production is as follows:
Rs.
(i) Material
3.50
(ii) Direct labour
5.50
3.00
(iii) Other variable expenses
(iv) Fixed expenses
3.00
Total
15.00
Give a suggestion whether to make or buy this part. Give also your views in case the supplier reduces the price form Rs. 13 to Rs. 11.
Answers
In this scenario, it would be advisable for the company to continue buying the component from the supplier, as it offers a cost advantage over the in-house production. Moreover, the continuous supply assurance remains a valuable benefit.
To determine whether the company should make or buy the component part, we need to compare the costs of both options and consider other factors that may influence the decision.
In this case, the cost of making the component part is Rs. 15, which consists of material costs (Rs. 3.50), direct labor (Rs. 5.50), other variable expenses (Rs. 3.00), and fixed expenses (Rs. 3.00). On the other hand, the component is available in the market for Rs. 13 with a continuous supply assurance.
Initially, the company should consider buying the part rather than making it. The market price of Rs. 13 is lower than the cost of production at Rs. 15. By buying the component, the company can save Rs. 2 per unit. Additionally, the assurance of a continuous supply eliminates the potential risks associated with production delays or quality issues.
However, if the supplier reduces the price from Rs. 13 to Rs. 11, the decision becomes more nuanced. At this reduced price, the cost of buying the component would be lower than the cost of production. Buying the part for Rs. 11 would result in a cost saving of Rs. 4 per unit compared to making it in-house.
It's important to note that the decision should not be based solely on cost considerations. Other factors, such as the company's core competencies, capacity utilization, quality control, lead times, and strategic priorities, should also be taken into account.
However, based on the cost information provided, the company should initially buy the part and continue to do so even if the supplier reduces the price to Rs. 11.
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Walkers (Pty) Ltd manufactures a basic baby walker product by means of a single manufacturing process and uses a process costing system. Raw materials are added at the beginning of the process and the conversion costs are evenly incurred during the process. The following information is available for November 2022: 8 000 units Material cost: R400 000 Opening work in progress (25% complete) Put in production Completed and transferred Closing work in progress (80% complete) Additional information: ● 15 000 units REQUIRED: 20 000 units 1 250 units Material cost: R900 000 Cost of conversion: R120 000 Cost of conversion: R3 100 000 Normal wastage amounts to 5% of the inputs that reach the identification of wastage stage in the process. Wastage occurs when the process is 20% complete. The company uses the weighted average method of inventory valuation. Prepare the process cost report for Walkers (Pty) Ltd using the weighted average method of stock valuation i.e. 2.1 Prepare the quantity statement (with the equivalent production) 2.2 Prepare the cost statement 2.3 Calculate and allocate the normal loss in Rands 2.4 Prepare the cost allocation statement Tabulate your answers as far as possible. (16 marks) (7 marks) (8 marks) (14 marks)
Answers
The normal loss is not allocated to completed units, as it is a normal part of the process and therefore is considered a joint cost. Below are the quantity statement, cost statement, and cost allocation statement.
What constitute the statements?2.1 Quantity Statement (with equivalent production)
| Process Stage | Units (physical) | % of completion | Equivalent Production Units |
| Opening WIP | 2,000 | 25% | 500 |
| Started production | 15,000 | 100% | 15,000 |
| Total | 17,000 | | 15,500 |
| Completed & Transferred | 8,000 | 100% | 8,000 |
| Closing WIP (80%) | 9,000 | 80% | 7,200 |
| Total Output | 8,000 | 100% | 8,000 |
2.2 Cost Statement
| Process Stage | Material Cost | Conversion Cost | Total Cost | Cost per Equivalent Production Unit |
| Opening WIP | R100,000 | R10,000 | R110,000 | R220.00 |
| Started production | R600,000 | R80,000 | R680,000 | R45.33 |
| Total (transferred) | R400,000 | R50,000 | R450,000 | R56.25 |
| Closing WIP | R200,000 | R26,000 | R226,000 | R31.39 |
| Total | R1,300,000 | R166,000 | R1,466,000 | R94.58 |
2.3 Normal Loss Calculation
Normal wastage amounts to 5% of the inputs that reach the identification of wastage stage in the process. Wastage occurs when the process is 20% complete. Therefore, calculate the equivalent production units for the normal loss separately.
Inputs for normal loss: 15,000 units x 105% (to account for normal loss) = 15,750 units
| Process Stage | Units (physical) | % of completion | Equivalent Production Units |
| Normal Loss | 15,750 | 20% | 3,150 |
| Total | 15,750 | | 3,150 |
The normal loss is 3,150 equivalent production units.
2.4 Cost Allocation Statement
| Cost Item | Total Cost | Cost per EPU | Cost per completed unit |
| Material Cost | R1,300,000 | R84.52 | R162.50 |
| Conversion Cost | R166,000 | R10.75 | R20.75|
| Normal Loss Allocation | R39,075 | R12.40 | - |
| Total Cost | R1,505,075 | | |
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An online streaming service sells movie rentals for $5.99 to its American shoppers. A large American chain store sells a physical copy of the same movie for $5.99. Which of the following is a possible reason that the online streaming service could expect to rent a movie for the same price that it could be purchased for somewhere else?(1 point)
a. Government intervention on maximum prices is the most common cause of abnormal market pricing. In general, the government will set a maximum on the prices of common goods. The retailer selling the movie might like to charge more but may not be able to.
b. Lack of knowledge is an important factor in determining market prices. Retailers almost always assume that shoppers don't look around for a bargain and will generally charge whatever price they want.
c. Location is an important factor in determining market prices. For the online streaming service, the buyer doesn't even have to leave his or her home, while the physical copy would need to be picked up at the store. The online retailer can charge the same price for a lesser product because the retailer is conveniently located for the consumer.
d. Government intervention on minimum prices is the most common cause of abnormal market pricing. In general, the government will set a minimum on the prices of common goods. The online retailer renting the movie might like to charge less but may not be able to.
Answers
Answer:
C
Explanation:
You can often sell less of product for more money if convenience is added to the product value.
for example, you I to gas station & pay more for a 20oz soda than our do a 2liter. you're getting way less soda for twice the amount. you are paying for the convenience of not carrying around a 2 liter
What percent of each paycheck do financial experts recommend you save, at
the very least?
O 0-10%
O10-20%
20% -30%
30%-50%
Answers
Financial experts recommend that individuals save at least 20% of each paycheck. Saving money is crucial to achieving financial stability and independence. Financial stability is essential to achieving life goals such as buying a home, starting a business, or raising a family.
Therefore, it is important to establish a saving culture that can help individuals save for their future needs and desires. Saving 20% of your paycheck is a good starting point for establishing a savings plan. It is also important to note that individuals can save more than 20% if their financial situation allows for it.
A financial expert may recommend a higher percentage if the individual has high expenses, debt, or a low income. Therefore, individuals must evaluate their financial situation and create a budget that enables them to save and live comfortably.
In summary, financial experts recommend that individuals save at least 20% of their paycheck to establish financial stability and independence.
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meaning of miscellaneous
Answers
Answer:
it means consisting of different items/member that are of different kinds
Explanation:
A hypothetical firm called BRICK 'n TILE is specialising in producing bricks at a unit price of R3 and selling at a price of RB. The cost of labour increases from R150 to R200 per labourer. Conduct research on any BRICK 'n TILE firm of your choice on the following: STEP 1 Explain the four basic costs curves that BRICK 'n TILE will experience. STEP 2 Recopy the table below to your answer book and determine the missing values: Table for BRICK 'n TILE costs and revenue. Quantity Labour Fixed Variable Total of tiles units Cost Cost 0 0 50 10 1 20 3 30 5 40 50 60 70 80 90 7 9 10 11 12 50 50 50 50 50 50 50 50 50 (3) Total Profit& Marginal Cost Revenue Loss Revenue (3) (10) (3) (3) (3) (5 x 3)(15)
Answers
For the speculative firm Block 'n TILE, the four essential expense bends they will encounter are Marginal Cost (MC) Curve, Average Total Cost (ATC) Curve, Average Variable Cost (AVC) Curve, and Average Fixed Cost (AFC) Curve.
Marginal Cost (MC) Curve:
The Marginal Cost (MC) Curve: addresses the extra expense brought about by creating another unit of result.
Average Total Cost (ATC) Curve:
The Average Total Cost (ATC) Curve shows the typical expense per unit of result.
Average Variable Cost (AVC) Curve:
The Average Variable Cost (AVC) Curve addresses the variable expense per unit of result.
Average Fixed Cost (AFC) Curve:
The Average Fixed Cost (AFC) Curve addresses the proper expense per unit of result.
These expense bends assist firms with enjoying Block 'n TILE figure out the connection between the degree of creation and the related expenses. They are essential for pursuing creation choices, setting costs, and deciding the company's benefit.
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The four cost curves are displayed in the accompanying graph-
What processes are enzymes used in?; What are the 4 functions of enzymes?; What enzymes are used for protein?; How are enzymes involved in proteins?
Answers
Enzymes are used in various biological processes.
Enzymes are used in many biological processes, including metabolism, digestion, and cellular respiration. They are proteins that act as catalysts, which means they increase the rate of chemical reactions in cells without being used up or changed in the process. The four main functions of enzymes are:
To catalyze specific chemical reactions in cells.To speed up the rate of chemical reactions in cells.To lower the activation energy needed for a reaction to occur.To increase the specificity of chemical reactions, ensure correct reactants are brought together for the reaction to occur.Different enzymes are involved in protein metabolism, including proteases. One of the main roles of enzymes in protein metabolism is to catalyze the hydrolysis of peptide bonds, which allows proteins to be broken down into smaller peptides and amino acids. This process is essential for the digestion of dietary proteins and the recycling of proteins within cells. Enzymes are also involved in the synthesis of proteins. In this process, amino acids are joined together through peptide bonds to form larger proteins.
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What is the difference between final goods and intermediate goods?
Answers
A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.
B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.
Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:
1. Final Goods:
Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.
2. Intermediate Goods:
Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.
The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.
It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.
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Which of the following would appear in the cash flows from investing activities section of the statement of cash flows?
a. Cash received from stock issued
b. Cash received from bonds payable
c. Depreciation expense on equipment
d. Cash paid for equipment
Answers
The correct answer is:
d. Cash paid for equipment
Cash flows from investing activities include transactions related to the acquisition or sale of long-term assets such as property, plant, and equipment. Cash paid for the purchase of equipment would be categorized as an investing activity because it involves the outflow of cash for the acquisition of a long-term asset.
Compare and contrast the penalties in a civil and criminal trial.
Answers
Answer: Compare and contrast the penalties in a civil and criminal trial. In a criminal trial, a defendant can be sentenced to jail time, can be fined, and can be forced to undergo some treatment or remedy. In a civil trial, a defendant can be assessed damages and can be coerced to follow through on an agreement.
Explanation: HOPE IT HELPS :)
Answer:
The person ^ is correct Answer: Compare and contrast the penalties in a civil and criminal trial. In a criminal trial, a defendant can be sentenced to jail time, can be fined, and can be forced to undergo some treatment or remedy. In a civil trial, a defendant can be assessed damages and can be coerced to follow through on an agreement.
Explanation:
4. What was the closing price of the corporation on July 26th?
Answers
The closing price of a security, such as a stock or a commodity, is the final price at which it was traded on a particular trading day. The calculation of the closing price depends on the market in which the security is traded.
What is closing price?If you have access to the historical data of the security, you can easily calculate the closing price by finding the last recorded price of the security on a given trading day. Many financial websites and data providers offer this information in their daily summary of a security's trading activity.
However, if you are looking to calculate the closing price in real-time, you can use a real-time data provider that offers the latest market quotes for the security you are interested in. The closing price is usually determined at the end of the trading day, which varies depending on the market and the security being traded.
In general, to calculate the closing price of a security, you need to find the last traded price of the security for the day. This information can be obtained from various sources, such as stock exchange websites, financial news websites, or real-time data providers. Once you have this information, you can use it to calculate the closing price of the security for that particular trading day. An overview was given.
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QUESTION 6 of 10: You can hire someone without experience for $13 per hour or someone with experience for $19 per hour. You believe the experienced person increases the sales per customer by $3. Each person handles about 12 customers per hour. Should you hire the experienced person?
a) Yes
b) No
Answers
Option A. Yes, you should hire an experienced person.
To determine if you should hire an experienced person or not, you need to calculate the sales increase against the cost of hiring an experienced person as compared to hiring someone without experience. If the sales increase is greater than the additional cost, then it is advisable to hire an experienced person.
Let's take a look at the calculation below:
If you hire someone without experience, it will cost you $13 per hour. If you hire an experienced person, it will cost you $19 per hour.
The difference in cost is $19 - $13 = $6.
The experienced person increases the sales per customer by $3. So if you have 12 customers per hour, the increase in sales will be 12 x $3 = $36.Therefore, if the additional $6 cost of hiring an experienced person is less than the sales increase of $36, then you should hire the experienced person.
The additional cost of hiring an experienced person: $6Sales increase per hour: $36
Therefore, if the sales increase per hour is more than the additional cost of hiring an experienced person, it is advisable to hire an experienced person. So, the answer to this question is "Yes, you should hire an experienced person". Therefore, the correct option is A.
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Question Content Area
Journalize the entries to record the following selected transactions:
a. Sold $900 of merchandise on account, subject to 7% sales tax. The cost of the goods sold was $510.
b. Paid $436 to the state sales tax department for taxes collected.
If an amount box does not require an entry, leave it blank.
a.
- Select -
- Select -
blank
- Select -
- Select -
- Select -
- Select -
b.
Answers
When the final sale in the supply chain is made, the retailer is responsible for collecting sales tax. The required journalized entries for the selected transactions involving sales tax are attached below.
The state levies a consumption tax, the so-called sales tax, on the purchase of goods and services. A standard sales tax is collected at the point of sale, collected at the store and remitted to the government.
Depending on the regulations in that country, a business may be responsible for sales taxes in that jurisdiction if it has a presence there, which can be a physical site, an employee, or an associate. The calculation of sales tax for (a) is:
Sales Tax Payable = Amount of sales× Sales Tax
= $900 × 7%
= $63
Therefore, all the selected transactions are explained with the help of the journal entries.
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Your question is incomplete, but most probably the full question was,
Question Content Area
Journalize the entries to record the following selected transactions:
a. Sold $900 of merchandise on account, subject to 7% sales tax. The cost of the goods sold was $510.
b. Paid $436 to the state sales tax department for taxes collected.
If an amount box does not require an entry, leave it blank.
a.
- Select -
- Select -
blank
- Select -
- Select -
- Select -
- Select -
b.
- Select -
- Select -
blank
The closing process is also known as which of the following?
A. Project completion
B. Project postmortem
C. Project wake
D. Project parity
Answers
Answer:
A. Project completion is the answer
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What is the main advantage of having a skill set with a high market value?
A. Worker organizations have a major need for those skills.
B. Employers are willing to pay more for those skills.
C. There are fewer regulations restricting those skills.
D. Workers are more productive per hour using those skills.
Answers
Answer:
Option B
Explanation:
In simple words, the main benefit of having a high market value is that one will get a high price for the services he or she will provide. Their job will remain stable and they can lead a good life with the compensation they will receive.
Thus, from the above we can conclude that the correct option is B.
QUESTION 1
In a non-compete agreement, the term "ancillary" means that
a.the non-compete agreement must be part of a larger agreement.
b.both parties must have a stake in the outcome.
c.the non-compete agreement is unfair to the employee, but not the employer.
d.the agreement is harmless to the general public.
QUESTION 2
Some of the elements of a contract are acceptance, consideration, legality, and capacity.
True
False
QUESTION 3
In contract law, a minor is someone under the age of 21.
True
False
QUESTION 4
Which of the following terms designates the legal ability of a party to enter into a contract?
a.Affirmation
b.Consent
c.Capacity
d.Materiality
QUESTION 5
To formally cancel a contract is to _______ it.
a.disaffirm
b.affirm
c.rescind
d.ratify
QUESTION 6
Amanda, a recent university graduate, needed a car to get to her new job. To help Amanda secure a loan for the car, Ted, a friend, agreed to pay the loan should Amanda default. Ted's promise to pay the loan is a collateral promise. His promise must be in writing to be enforceable.
True
False
QUESTION 7
To be valid, an agreement not to compete must be ancillary to a legitimate bargain.
True
False
QUESTION 8
If Jane persuades Linda to buy her horse by telling Linda that the horse runs "like the wind," then Jane's statement is
a.a unilateral mistake.b.fraud.c.puffery.d.reckless misrepresentation.
QUESTION 9
Fraudulent but innocent misrepresentation permits the injured party to rescind a contract.
True
False
QUESTION 10
Alex promises to pay $100 to anyone who finds his lost watch. Kate finds and returns the watch to Alex after hearing of the reward money. Alex and Kate have an enforceable unilateral contract.
True
False
Answers
2.) True
3.) False
4.) C
5.) C
6.) True
7.) True
8.) C
9.) True
10.) True
1. In an agreement i.e. "non-compete," the word 'ancillary' stands for:
a). the non-compete agreement must be part of a larger agreement.
2. The statement asserting that few of the components of a contract involving acceptance, contemplation, legality, and ability would be considered:
a). True
3. The statement stating that in the context of contract law, a minor is characterized as an individual below 21 years of age
b). False
4. The term that is used to appoint the legal capability of a party to be introduced to a contract would be called:
c). Capability
5. The term employed to denote the action of calling off a contract officially would be:
c). Rescind
6. The statement asserting that Ted's promise to pay the amount of the loan on Amanda's behalf should be in writing to make it enforceable would be called:
a). True
7. The statement calling that an agreement not being able to compete unless they are ancillary would be called:
a). True
8. The term that will be used to refer to Jane's statement displaying her opinion on her horse would be:
c). Puffery
9. The statement regarding defrauding of permits associated with the wounded party to revoke a contract would be called:
a). True
10. The statement that would be called true that Alex and Kate have a rightful unilateral contract would be:
a). True
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Q1. A manufacturing firm has discontinued production of a certain unprofitable product
line. This created considerable excess production capacity. Management is considering to
devote this excess capacity to one or more of three product 1,2 and 3. The available capacity
on the machines which might limit output are given below:
Machine type Available time
(in machine hours per week)
Milling
machine
250
Lathe 150
Grinder 50
The number of machine hours required for each units of the respective product is given
below;
Machine type Productivity (in machine hours/unit)
Product 1 Product 2 Product 3
Milling 8 2 3
Lathe 4 3 0
Grinder 2 0 1
The unit profit would be 20 birr, 6 birr and 8 birr for products 1,2 and 3. Find how much of
each product the firm should produce in order to maximise profit ? Solve the problem by
simplex method.
Answers
The simplex method is a linear programming technique used to find the maximum value of a linear objective function subject to constraints represented by linear equations or inequalities.
How do we use this method?Here's how you can solve this problem using the simplex method:
Formulate the problem as a linear program:
The objective is to maximize the total profit, which is given by 20x1 + 6x2 + 8x3, where x1, x2, and x3 are the number of units of products 1, 2, and 3, respectively. The constraints are the available machine time, which are:
8x1 + 4x2 + 2x3 <= 250 (milling machine)
3x1 + 3x2 <= 150 (lathe)
x3 <= 50 (grinder)
Create a simplex tableau:
The simplex tableau is a matrix used to keep track of the variables and the coefficients of the objective function and the constraints. The first row of the tableau is the objective function, the rest of the rows are the constraints. The last column is called the "result" column and contains the values of the variables and the objective function.
Choose a basic variable:
In the first iteration, we will choose x1 as the basic variable, since it is the only non-negative variable in the objective function. We will write x1 in terms of x2 and x3 using the first constraint:
x1 = (250 - 4x2 - 2x3)/8
Update the simplex tableau:
Substitute x1 in the objective function and in the rest of the constraints:
20 * (250 - 4x2 - 2x3)/8 + 6x2 + 8x3
3x2 <= 150
x3 <= 50
Check for optimality:
Check if all the coefficients in the objective function are non-negative. If so, the current solution is optimal and the problem is solved. If not, choose the next basic variable and repeat steps 3 and 4.
Repeat steps 3 to 5 until optimality is reached:
In the second iteration, we will choose x2 as the basic variable. Substitute x2 in the objective function and in the rest of the constraints, and check for optimality. Repeat this process until the coefficients in the objective function are non-negative, indicating that the solution is optimal.
The final solution will give the number of units of each product that the firm should produce in order to maximize profit.
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In an episodic model of conflict, there is a trigger that opens up conflict that had been latent.
Answers
In an episodic model of conflict, The conflict is exposed by something, and the cycle repeats with the subsequent conflict incident.
What are the levels of conflict?There are four levels: intrapersonal (inside an individual), interpersonal (between two parties), intergroup (between groups), and interorganizational (between organisations) (inter-organizational conflict).
What causes episodic memory to occur?In order to aid in the recovery of episodic memory, emotional, semantic understanding, olfactory, auditory, and visual aspects might serve as cues or contextual information. You may, for instance, use the colour of a sign you parked next to or the structure's floor to help you remember where you parked your car.
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Mishal has a gross income of $43,360. She owns a condominium and donates to charity, but there's no way her tax deductible expenses come close to the standard deduction of $12,000. During a cold snap in the winter she donates an extra $500 to the local homeless shelter, a registered charity. How much will this donation save her on her taxes?
Answers
The Mishal's taxable revenue for the year, assuming she files as a single taxpayer in the United States, $43,360 (gross income) - $12,000 (standard deduction) = $31,360
Calculate the tax savings from the additional $500 donation to the local homeless shelterThe effective tax rate for Mishal must be ascertained. She would pay a marginal tax rate of 22% in 2022 based on her taxable revenue. The following formula can be used to determine the tax benefits from the $500 donation: $500 (donation amount) x 22% (marginal tax rate) = $110 Mishal would thus receive a $110 tax benefit from the extra $500 donation.
What is standard deduction?The standard deduction is a fixed amount of income that can be deducted from a taxpayer's gross income to reduce their tax burden. It varies depending on filing status, age, and whether they are claimed as a dependent on someone else's tax return.
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