Answer:
Summary of costs to be accounted for
Costs to be accounted for: Materials Conversion Total
Beginning WIP 0 0 0
Costs incurred in the period $142,800 $390,960 $533,760
Total costs to be accounted for $142,800 $390,960 $533,760
Calculation of cost per equivalent unit
Materials Conversion Total
Total costs to be accounted for $142,800 $390,960 $533,760
Total equivalent units 35,700 32,580
Cost per equivalent unit $4 $12 $16
Cost allocation
Materials Conversion Total
Units finished and transferred $122,000 $366,000 $488,000
Ending WIP $20,800 $24,960 $45,760
Total costs to be accounted for $142,800 $390,960 $533,760
Explanation:
beginning WIP 0 units
units started and completed 30,500
ending WIP 5,200
100% complete for materials
40% complete for conversion costs (2,080 EU)
total EU:
materials 35,700
conversion 32,580
total costs:
materials 35,700 x $4 = $142,800
conversion 32,580 x $12 = $390,960
total = $533,760
Which of these goals is specific?
Check with friends about any international travel they have done.
Become physically active.
Send my high school transcript to my university today.
Learn to play a musical instrument.
Answer:
Send my high school transcript to my university today.
Explanation:
trust:)
Which of the following would most likely use a job order costing system? a.oil refinery b.company that manufactures chlorine for swimming pools c.paper mill d.swimming pool installer
Answer:
d swimming pool installer
Explanation:
Advantages to free-trade agreements (FTAs) are that they increase trade barriers (both tariff and non-tariff barriers), open up market to exporters, and increase jobs domestically. True orFalse
Answer:
False
Explanation:
Free trade agreements are economic cooperation deals between two or more countries. In the agreement, the countries agree to put in measures that will promote trade between them. Free trade agreements are mostly about tariffs and duties that countries impose on each other imports and exports.
The purpose of the free trade agreement is for participating countries to review the tariffs to increase trade among participating countries. In most cases, a free trade agreement resorts to reduced tariffs and duties.
she does not like chicken (into affirmative)
Answer:
Explanation:
chickennnnn
hot popppppp
The BCD Partnership plans to distribute cash of $20,000 to partner Brad at the end of the tax year. The partnership reported a loss for the year, and Brad's share of the loss is $10,000. At the beginning of the tax year, Brad's basis in his partnership interest, including his share of partnership liabilities, was $15,000. The partnership expects to report substantial income in future years.
Required:
a. What ordering rules are used to calculate Bradâs ending basis in his partnership interest?
b. How much gain or loss will Brad report for the tax year?
c. Will the deduction for the $10,000 loss be suspended? Why or why not?
d. Could any planning opportunities be used to minimize any negative tax ramifications of the distribution? Explain.
Answer:
See below
Explanation:
a.
The rules used here is called the ordering rules. It can also be called reduce basis distribution.
b.
For the tax year report , the gain would be $5,000
c.
The deduction for the loss of $10,000 could be suspended or put on hold.
The reason is that losses are not deductible to pay off shareholders
d.
It is true that there are planning opportunities, which could mitigate the negative tax ramifications of the distribution as are under tax diversification. Here, it will open more room for flexibility in order to optimally the most tax efficient method of liquidating assets.
Warner Company purchases $50,500 of raw materials on account, and it incurs $65,000 of factory labor costs. Supporting records show that:_______. A) the Assembly Department used $31,700 of raw materials and $38,300 of the factory labor.B) the Finishing Department used the remainder.
Answer:
1. The Journal Entry for the above will be as follows;
a.
DR Work in Progress - Assembly $31,700
DR Work in Progress - Finishing $ 18,800
CR Raw Materials $50,500
Working
Finishing Department used remainder = 50,500 - 31,700
= $18,800
b.
DR Work in Progress - Assembly $38,300
DR Work in Progress - Finishing $ 26,700
CR Factory Wages $65,000
Working
Finishing Department used remainder = 65,000 - 38,300
= $65,000
Beverly Mills has decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accom-modate a variety of driving patterns. All the leases are for 3 years and require no money at the time of signing the lease. The first option has a monthly cost of $330, a total mileage allowance of 36,000 miles (an average of 12,000 miles per year), and a cost of $0.35 per mile for any miles over 36,000. The following table summarizes each of the three lease
options:
(See photos below)
Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
Beverly Mills decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accommodate a variety of driving patterns.All the leases are for 3 years and require no money at the time of signing the lease.
The three lease options available to Beverly Mills are as follows:
Option 1:Monthly cost: $330Total mileage allowance: 36,000 miles (an average of 12,000 miles per year)Cost for any miles over 36,000: $0.35 per mile
Option 2:Monthly cost: $460Total mileage allowance: 45,000 miles (an average of 15,000 miles per year)Cost for any miles over 45,000: $0.45 per mile
Option 3:Monthly cost: $540Total mileage allowance: 60,000 miles (an average of 20,000 miles per year)Cost for any miles over 60,000: $0.55 per mile
Therefore, Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
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As an advertising manager of a company, you have been asked to write out a proposal stating why the company should advertise and it’s benefits to the company
Answer:
Advertising
Explanation:
Considering the present market conditions in which this organization operates I propose to the Company Board that the organization starts advertising on various platforms considering the following reasons:
1. Increase Profit:
When we advertise, we create more sales which in turn leads to an increase in profits.
2. Market share:
The market share for this the company expands as a result of increased customers; due to advertising.
3. Builds Goodwill:
As the company becomes a very popular company because of growing advertising it will increase the trust if customers coming.
The smith sneaker corporation wants to make a minimum profit of 30% on its newest running shoe. To set the selling price for the new shoe, the company would use_____ pricing. A. Cost-based B. Cost-plus C. Variable-cost D. Fixed-cost
In order to set the selling price for the new shoe, the company would use fixed cost pricing.
What is a fixed cost?It should be noted that the fixed cost simply mean the cost that's doesn't vary based on the production level.
In this case, in order to set the selling price for the new shoe, the company would use fixed cost pricing.
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Why are countries motivated to trade with one another?
A. Trade prevents any one country from establishing an absolute
advantage over others.
B. Trade protects domestic businesses by shielding them from
foreign competition.
C. Trade allows them to produce a variety of products instead of
specializing in a few.
D. Trade helps them obtain goods they cannot produce as efficiently
as other countries.
Yoooooooo
Answer:
D Trade helps them obtain goods they cannot produce as efficiently
as other countries.
Trade helps countries obtain goods they cannot produce as efficiently as other countries which is a reason countries are motivated to trade with one another. The correct option is D
What are the two purposes of trade?Trade is crucial for maintaining a competitive global economy and helps to drive down worldwide product prices by promoting innovation and specialization in markets. Access to goods and services that may be more affordable and of higher quality than those available domestically is another benefit of trade.
By trading, countries can specialize in producing goods and services that they are good at and import goods that they cannot produce efficiently or do not have in sufficient quantities. This increases the efficiency of production and availability of goods, leading to economic growth and higher standards of living for people in trading countries.
Thus, the ideal selection is option D.
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8. Who are the top two export partners of the United States?
a. Japan and China
b. Canada and the United Kingdom
c. Mexico and Canada
d. Mexico and China
e. The United Kingdom and Japan
If a minimum wage increase helps some people but harms other’s people, is it a good policy?
If a minimum wage increase helps some people but harms others, it is still a good policy. A minimum wage increase would be a good policy because it benefits those who are struggling to make ends meet and could use a little extra income to pay for essentials such as rent, food, and utilities.
Additionally, when low-wage workers earn more money, they have more money to spend, which stimulates the economy. Workers earning minimum wage are more likely to spend the additional money they earn, resulting in increased consumer spending. This, in turn, can lead to increased business activity and job creation. Higher wages also help to reduce poverty and improve social mobility, which has a positive effect on society as a whole.
However, it is essential to recognize that a minimum wage increase could cause harm to some people and businesses. Companies may need to reduce their workforce to cut costs, and some employees may lose their jobs as a result. Furthermore, if the price of goods and services increases due to higher wages, some consumers may be priced out of the market, resulting in reduced sales and profits for businesses.
Nevertheless, the benefits of a minimum wage increase outweigh the drawbacks. A minimum wage increase is a necessary step in ensuring that low-wage workers are paid a living wage and that our economy is stimulated.
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What is another term for accountability?
Answer:
responsibility
liability
answer-ability
reporting
obedience
Explanation:
Answer:
Responsibility
Explanation:
plato
Dillon Company incurred the following costs while producing 480 units: direct materials, $9 per unit; direct labor, $22 per unit; variable manufacturing overhead, 12 per unit; total fixed manufacturing overhead costs, $7,680; variable selling and administrative costs, $4 per unit; total fixed selling and administrative costs, $4,320. There are no beginning inventories.
What is the unit product cost using variable costing?
A. $72 per unit
B. $59 per unit
C. $47 per unit
D. $43 per unit
Answer:
The unit cost is $43 per unit
Explanation:
Required
Determine the unit product cost?
Using variable costing, the unit product cost is:
\(Unit = DM+ DL + VMO\)
\(DM = Direct\ Materials =\$9\)
\(DL = Direct\ Labor =\$22\)
\(VMO = Variable\ Manufacturing\ Overhead = \$12\)
So, we have:
\(Unit = \$9 + \$22 + \$12\)
\(Unit = \$43\)
Hence, the unit cost is $43 per unit
Define the three economic aspects of monopoly and the three economic effects of oligopoly?
Answer:
MONOPOLY
1) Ownership of a Key Resource
A firm that has exclusive control or ownership of a key resource can restrict access to that resource and establish a monopoly. The limited availability of the key resource will make it impossible for new sellers to enter the market. Although this factor is important in economic theory, monopolies rarely ever arise for this reason in reality anymore. Mainly because most resources are available in various regions across the globe.
One famous example of a monopoly that arose because of ownership of a key resource is the diamond market in the twentieth century. During this period, the company De Beers effectively controlled most of the world’s diamond mines, either through direct ownership or exclusive agreements. As a result, De Beers could dominate the market and influence the market price at will.
2) Government Regulation
The government can restrict market entry by law (e.g. through patents or copyright laws), which may result in a monopoly. Governments usually do this to serve the public interest, because these regulations promote innovation as well as research and development (R&D). The idea behind this is that firms can be rewarded for their R&D efforts by getting exclusive rights to sell their product. Without this kind of protection, it would be more reasonable for many firms to let others do the research and just copy their products once they are on the market. However, this would eventually eradicate all innovation and research.
Arguably the most prominent (and controversial) examples of government-regulated monopolies can be found in the pharmaceuticals industry. It often takes more than a decade for companies to develop new drugs. However, if they succeed, the firms can apply for a patent and become the sole seller of the new drug for a set period of time. This monopoly position allows them to make enough profits to make up for high R&D expenditures.
3) Economies of Scale (i.e. Natural Monopoly)
In some industries, a single firm can supply a good or service at a lower cost than two or more firms could. We call this a natural monopoly (because it arises without government intervention). A natural monopoly can arise in industries where firms face high fixed costs but are able to realize significant economies of scale over the relevant range of output. Those circumstances result in decreasing average total costs as output increases, which makes it more difficult for new firms to enter the market.
The market for electricity is a common example of a natural monopoly. Building the infrastructure to supply a city with electricity is extremely expensive. Thus, the market has high barriers to entry. However, connecting an additional house to the power grid is relatively cheap once the infrastructure is in place. As a result, a single firm can supply a whole city at a lower cost than two or more competing companies could.
Explanation:
OLIGOPOLY
Some of the oligopoly effects are discussed as follows:
i. Restriction on output:
Implies that oligopoly results in small output and high prices as compared to other market structures, such as perfect competition.
ii. Price exceeds average costs:Implies that under oligopoly, there are restrictions on entry of new organizations. Thus, organizations charge prices more than the average costs. Therefore, consumers have to pay more in case of oligopoly market.
iii. Lower Efficiency:
Leads to non-optimum levels of output. This is because the output produced under oligopoly depends on the market share held by the organization. Thus, the oligopoly organizations fail to build the optimum scales of economies and achieve optimum output.
iv. Selling Costs:
Refer to high promotional costs. The oligopolists engage in high promotion tasks to take the share of its rivals. Thus, the resources are wasted in form of high selling costs which do not add to the satisfaction of customers.
Apart from aforementioned points, oligopoly shows the poor performance from various other angles. From the point of economic welfare, it fails to satisfy customers since the price charged is very high, even more than average costs. In addition, sometimes oligopolists may face wasteful fluctuations in output as the output is not determined optimally.
HOPE IT HELPS.
Which function of the S&P Capital IQ Excel plug-in allows users to extract company data directly from CapIQ’s database and calculate the desired financial metrics using the CapIQ formulas?
Answer:
hi
his son wealth of experience in the hammock me know if you can get a chance to strike a balance of the day with great blessing to you and your family and friends he is not a reason to you and your family and friends he is yytggggtyy the phone with me this morning
A template is a function of the S&P Capital IQ Excel plug-in that allow users to extract company data directly from CapIQ’s database and calculate.
What is the S&P Capital IQ Excel plug-in?The S&P Capital IQ Excel plug-in is a software program that is designed and developed to provide several comprehensive templates that can be customized for specific usage.
Basically, a template is a function of the S&P Capital IQ Excel plug-in which avails end users an ability to directly extract company data from CapIQ’s database, as well as to calculate the desired financial metrics while using the CapIQ formulas.
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How are marketers using spam text messages to their advantage?
Marketers use spam text messages to their advantage : as a way to reach a large amount of potential customers quickly and inexpensively.
Who is a marketers?A marketer can be defined as the person that help to create awareness about a company product or brand so as to increase sales thereby leading to more income or profit for the company.
Although , sending out unsolicited text messages can be illegal in some countries based on this it is important for marketers to obtain prior consent from individuals before sending them text messages and to provide an easy way for people to opt out of receiving further messages.
Therefore spam text messages is a way to reach a large amount of potential customers quickly and inexpensively.
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Jahar is very friendly and loves interacting with customers. He has a lot of knowledge about loans and the risks associated with them. In which Finance career does Jahar work? Business Finance Management Financial Investment Planning Insurance Services Banking and Related Services
Answer:
C
Explanation: I took the Unit Test and got it right!
Answer: C : Insurance Services
Explanation: this is on Edgenutiy unit test
If the central bank raises the required reserve ratio, the money multiplier and the money supply will change in which of the following ways?Money Multiplier / Money Supply (A) Increase / Increase(B) Increase / Decrease (C) Increase / No change(D) Decrease / No change (È) Decrease / Decrease
(Option B) Increase / Decrease. When the required reserve ratio is increased by the central bank, it reduces the money multiplier, which is the ratio of money supply to the amount of reserves.
Will a higher reserve ratio affect money multiplier & supply?Option B. Increase / DecreaseThe required reserve ratio is the amount of reserves that banks must hold against deposits. When the central bank increases the required reserve ratio, it reduces the amount of money banks can lend for each unit of reserves held. This, in turn, reduces the money multiplier, which is the ratio of money supply to the amount of reserves.
As a result, the money supply decreases despite the increase in the required reserve ratio. In other words, the money supply decreases when the required reserve ratio is increased, creating a decrease / increase dynamic.
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what is an an intrinsic reward?
If you benefit from an action you've taken, that means it must have been unethical.
Responses
True
False
The statement "If you benefit from an action you've taken, that means it must have been unethical" is false.
The statement that if you benefit from an action you've taken, it must have been unethical is not necessarily true. Ethics refers to the principles of right and wrong conduct, and whether an action is considered ethical or not depends on various factors, such as the intention behind the action, the consequences it brings, and the ethical frameworks or standards used to evaluate it.
It is possible for an action to be both beneficial and ethical. Many actions that benefit individuals or society at large can also align with ethical principles. For example, donating money to a charitable organization can be both beneficial in terms of helping those in need and ethical in terms of promoting fairness, compassion, and social welfare.
On the other hand, it is also possible for actions that benefit someone to be unethical. For instance, if someone gains personal advantage by deceiving or harming others, their benefit would be unethical because it comes at the expense of others' well-being or violates ethical principles such as honesty, fairness, or respect for others.
In summary, the relationship between benefit and ethics is not a direct correlation. While it is possible for actions to be both beneficial and ethical, it is also possible for actions to be unethical even if they result in personal benefit. Ethical evaluations require considering a broader perspective and assessing the underlying principles and consequences of the action, rather than simply focusing on personal gain.
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please help me i really need help
Answer:
$6,000
Explanation:
You decide to decrease the price of your product to increase total sales revenue, because you believe your product's demand is
A) perfectly inelastic
B) unit elastic
C) price elastic
D) price inelastic
Answer:
C) price elastic.
Explanation:
A city orders a new computer for its General Fund at an anticipated cost of $94,700. Its actual cost when received is $96,880. Payment is subsequently made.
Prepare all required journal entries for both fund (General Fund) and government-wide (Governmental Activities) financial statements. Prepare the entries for the government-wide financial statements first. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
1. Record orders placed for computers - Governmental Activities.
2. Record actual cost of computers - Governmental Activities.
3. Record payment made for computers - General Fund.
4. Record entry to remove encumbrance for computers that has now been received - General Fund.
5. Record the receipt of computers and the accompanying liability - General Fund.
6. Record payment made - General Fund.
1. Record orders placed for computers - $96,880, 2. Record actual cost of computers - $96,880, 3. Record payment made for computers - $94,700, 4. Record entry to remove encumbrance for computers that has now been received - $94,700, 5. Register the purchase of computers and the related responsibility ($94,700), 6. Record payment made - $96,880
The total of the supplier-invoiced price and the expenses related to delivering, configuring, and testing the asset is the real cost. This is the cost of an asset when it is first recognised as a fixed asset in the financial accounts. The expected expenses of labour, materials, and other manufacturing costs are known as standard costs. Contrarily, actual costs are those that were actually incurred during the time and contrasted at its conclusion. Variation refers to this discrepancy between the standard cost and the actual cost.
Government wide:
computer $96,880
vouchers (or accounts) payable $96,880
vouchers (or accounts) payable $96,880
cash $96,880
Fund financial statements:
(general fund)
encumbrances-computer $94,700
encumbrances outstanding $94,700
encumbrances outstanding $94,700
encumbrances-computer $94,700
expenditures - computer $96,880
vouchers payable $96,880
vouchers payable $96,880
cash $96,880
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The premium on a three-year insurance policy expiring on December 31, 20x11, was paid in total on January 1, 20x9. The original payment was initially debited to a prepaid asset account. The appropriate journal entry has been recorded on December 31, 20x9. The balance in the prepaid asset account on December 31, 20x9 should be Select one: a. The same as the original payment b. The same as it would have been if the original payment had been debited initially to an expense account c. Higher than if the original payment had been debited initially to an expense account d. Zero Check
Answer:
b. The same as it would have been if the original payment had been debited initially to an expense account
Explanation:
We can use an example to explain this:
original journal entry to record a 3 year insurance policy on January 1 is:
Dr Prepaid insurance 3,600
Cr Cash 3,600
Adjusting entry on December 31
Dr Insurance expense 1,200
Cr Prepaid insurance 1,200
balance of prepaid insurance = $3,600 - $1,200 = $2,400
If instead of recording prepaid insurance on January 1, you recorded insurance expense:
Dr Insurance expense 3,600
Cr Cash 3,600
Adjusting entry on December 31
Dr Prepaid insurance 2,400
Cr Insurance expense 2,400
balance of prepaid insurance = $2,400
How does the ipencil film explain the economics concepts of rational behavior and economic self intrest
The iPencil film explains rational behavior and economic self-interest by illustrating how the market works. The film shows how different participants in the market make decisions based on their individual interests.
What do you know about iPencil film?
iPencil is a documentary film that follows the journey of the Apple Pencil from concept to production. The film reveals the incredible engineering, design, and manufacturing process that goes into making the Apple Pencil. The film focuses on the development of the Pencil's unique features, such as its pressure sensitive tip, palm rejection, and tilt sensitivity. It also highlights the use of advanced manufacturing technologies such as CNC machining, injection molding, and laser engraving. The film dives into the story of the amazing people involved in the development of the Pencil and the passion they put into making the product. It offers an inside look at Apple's culture and the innovation that is behind the development of the Pencil. iPencil is a must-see film for anyone interested in the history and development of the Apple Pencil.
So, The iPencil film explains rational behavior and economic self-interest by illustrating how the market works.
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Advise businesses on the impact of continuous improvements to processes and systems as an element of TQM.
Total Quality Management (TQM) is a process that helps businesses to improve the quality of products and services they offer. The concept is based on continuous improvement of processes and systems. TQM involves creating a culture of quality in a company that drives improvements.
It can also help to increase the efficiency of processes and reduce waste.Advantages of continuous improvements to processes and systems as an element of TQM include the following:Increased efficiency of processesReduction in wasteEnhanced customer satisfaction Improved product qualityIncreased employee engagement and motivationIncreased profitabilityTQM requires a commitment from management to foster a culture of continuous improvement.
This means that they must be willing to invest time and resources into the process. Management should also provide training and resources to employees to support the implementation of TQM practices. Finally, management should be prepared to monitor progress and adjust the process as necessary to ensure continued success.
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You are considering opening a small flower store. You anticipate that you will earn $100,000 each year in revenue. It will cost you $30,000 each year to rent the space necessary to run your business. Additionally, you will need to spend $10,000 each year on flower seeds, utilities, and other expenses necessary to operate your flower shop. You have just graduated from college with a degree in economics and have received an offer to work for a firm with a yearly salary of $70,000.
What is your anticipated economic profit of opening the flower shop?
Answer:
I'm not completely what the correct answer is
is andre de ruyter actively involved in the decisions making
Yes, Andre de Ruyter has been actively involved in the decisions making.
State-owned electricity company Eskom in South Africa, according to Group CEO André de Ruyter, is at a crossroads. The CEO of the electricity company was questioned by Professor Anton Eberhard, at the Graduate School of Business at the University of Cape Town.
With the exception of Medupi and Kusile, Eskom's fleet of coal-fired power plants is, on average, 41 years old. These power plants have not been maintained properly and have been operated far more aggressively than permitted by international standards.
He claims that Eskom is still looking for funding possibilities. To enable private investors in a generation, it is crucial to distinguish Eskom's historical debt from its prospects for development in both generating and transmission, and distribution projects.
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What percentage of personal finance is head knowledge?
Answer:
It's 20%
Explanation:
Personal Finance is 80 percent behavior.