Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethane, rubber, plastics, and other materials are molded into bowling balls. In the Packaging Department, the balls are placed in cartons and sent to the finished goods warehouse. All materials are entered at the beginning of each process. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Molding Department during June 2020 are presented below.
Production Data
June
Beginning work in process units 0
Units started into production 22,660
Ending work in process units 2,060
Percent complete—ending inventory 40 %
Cost Data
Materials $203,940
Labor 55,208
Overhead 116,184
Total $375,332
Prepare a schedule showing physical units of production.
Answers
Answer and Explanation:
The preparation of schedule showing physical units of production is prepared below:-
Rosenthal Company
Physical units of production
For the year June 2020
Units to be accounted for:
Work in process, June 1: -
Started into production 22,660 units
Total units 22,660
Units to be accounted for:
Transferred out 20,600 (22,600 - 2,060)
Work in process, June 30 2,060 units
Total units 22,660 units
Related Questions
What distinguishes a bank from an outside financial services company?
Financial services companies offer more products and services.
A bank’s financial services are not as robust as an outside financial services company.
Financial services companies have more qualified professionals.
Banks offer both banking and financial services products.
Answers
Answer:
A bank’s financial services are not as robust as an outside financial services company.
Answer:
do the challnge in brainly it gives u points !!!!
Explanation:
Why are stocks considered a high-risk form of investment?
Answers
Answer:
A.
The value of stocks can rise and fall unpredictably
Explanation:
Hyatt's management program lasts about how long? O A. Two to three months B. Six to eighteen months C. Two to four years D. Five to seven years
Answers
Answer:
B “six to eighteen months“
Explanation:
i googled
Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead $ 157,050 Estimated machine-hours 4,500 Actual manufacturing overhead $ 156,000 Actual machine-hours 4,580 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year. The overhead for the year was:
Answers
Answer:
Over-applied by $3,842
Explanation:
If, Applied Overheads > Actual Overheads, overheads have been overapplied.
and
Since, Applied Overheads < Actual Overheads, overheads have been under- applied.
Applied Overheads = Predetermined rate x Actual Activity
where,
Predetermined rate = Budgeted Overheads ÷ Budgeted Activity
therefore,
Predetermined rate = $ 157,050 ÷ 4,500
= $34.90
Applied Overheads = $34.90 x 4,580 = $159,842
Since, Applied Overheads > Actual Overheads, overheads have been overapplied.
Over-applied overheads = $159,842 - $ 156,000 = $3,842
Governments most often regulate essential services like water treatment by:
A. taking control over private corporations.
B. creating barriers to entry in monopolistic competition.
C. eliminating pure competition markets.
D. setting up natural monopolies.
SUBMIT
Answers
Setting up natural monopolies
Company A was sued by Company B. The management of Company A feels that it is probable that it will have to pay the full amount to Company 8. What is the effect of this contingent event on Company A's accounting equation?
a. Increase liabilities and decrease stockholders' equity.
b. Increase assets and increase stockholders' equity.
c. No effect on the accounting equation.
d. Decrease assets and decrease liabilities.
Answers
Answer: a. Increase liabilities and decrease stockholders' equity.
Explanation:
Contingent Liabilities are obligations that the company may owe if a future event happens such as them being ruled against in a case in court.
Contingent Liabilities are to be recorded in the financial statements only when it is probable that it will happen and that the amount to be paid is reasonably estimable.
Company A's management feels like the loss is probable and that they would have to pay the full amount to company B which means that the loss is both likely and estimable.
Company A should therefore increase their liabilities and debit loss which will come from the Equity thereby reducing it.
Select the education and qualifications that are most helpful for Human Resources careers. Check all that apply.
integrity
long-term planning skills
communication skills
bachelor’s degree
research skills
creativity
organizational skillsWhich is the best estimate for the percent equivalent of 7/15
Answers
Answer:
2 4 5 7
Explanation:
Answer:
2,4,5,7
Explanation:
Josh buys an $8000 10-year bond that has a coupon rate of 4.5 %. If he keeps the bond to maturity, how much interest will he collect?
Answers
Josh will collect $3600 in interest if he keeps the $8000 10-year bond with a 4.5% coupon rate to maturity.
To calculate the interest that Josh will collect from the 10-year bond with an $8000 face value and a coupon rate of 4.5%, we need to consider the annual interest payment and the total number of interest payments over the bond's lifespan.
The annual interest payment can be calculated by multiplying the face value of the bond ($8000) by the coupon rate (4.5%). This gives us an annual interest payment of $360 (8000 * 0.045).
Since the bond has a 10-year maturity, there will be a total of 10 interest payments over its lifespan. Therefore, the total interest Josh will collect can be calculated by multiplying the annual interest payment ($360) by the number of interest payments (10).
Total interest = Annual interest payment * Number of interest payments
Total interest = $360 * 10
Total interest = $3600
Therefore, if Josh keeps the bond to maturity, he will collect a total of $3600 in interest over the 10-year period.
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the federal government has Group of answer choices separate capital and operating budgets only a capital budget an operating budget only a single budget that includes both operating expenses and capital spending
Answers
Answer:
A single budget that includes both operating expenses and capital spending.
Explanation:
A budget can be defined as a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.
In the preparation of a budget, a list of each type of income and expense with respect to the budget is generally considered to be the first step. Also, the final step is making necessary adjustments to the budget by the top executive.
The federal government has a single budget that includes both operating expenses and capital spending on a cash basis.
Additionally, the benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.
What is the nature of merchandising business in sales
Answers
Answer: Merchandising companies purchase goods that are ready for sale and then sell them to customers.
A company purchased $10,300 of merchandise on June 15 with terms of 2/10, n/45, and FOB shipping point. On June 20, it returned $1,040 of that merchandise. The shipping charges for the purchase totaled $650. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals
Answers
Since the buyer pays the balance within 10 days, a 3% discount is applied and the cash paid on June 24 is $9,724.80
In order to answer this problem, let us journalize each transaction below.
On June 15
Account Title Debit Credit
Inventory $10,300
Freight-In $650
Accounts Payable $10,950
On June 20
Account Title Debit Credit
Accounts Payable $1,040
Inventory $1,040
So, upon payment on June 24, the total payment will be;
Account Title Debit Credit
Accounts Payable $9,910
Cash ((($10,300 - $1,040) x 98%) + $650) $9,724.80
Inventory $185.20
Hence, the company can avail the discount. So, since the buyer pays the balance within 10 days,The amount of cash paid on June 24 equal $9,724.80
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A successful data-driven market segmentation program depends on each of the following except:
a.
the rejection of tradiitional marketing research techniques
b.
the use of transactional and event data
c.
a common definition of market segments across all areas of the business
d.
developing a centralized and accessible CRM (Customer Relationship Management) database
Answers
A successful data-driven market segmentation program depends on the "use of transactional and event data", "a common definition of market segments", "and the development of a centralized CRM database" but it does not depend on "the rejection of tradiitional marketing research techniques".
The correct option to the given question is option a.
Traditional marketing research techniques, such as surveys, focus groups, and interviews, have long been used to gather insights about consumer behavior and preferences. While these techniques may have limitations, they still play a valuable role in understanding customer motivations and attitudes. Data-driven market segmentation programs can benefit from a combination of both traditional and data-driven research approaches. The use of transactional and event data is crucial for a data-driven market segmentation program. This type of data provides valuable information about customer behaviors, purchase patterns, and interactions with the business.
Having a common definition of market segments across all areas of the business ensures consistency and alignment in marketing efforts. This allows for targeted and personalized messaging that resonates with each segment. It also facilitates coordination between different departments, such as marketing, sales, and customer service, leading to a more cohesive and effective customer experience.
Finally, developing a centralized and accessible CRM database is essential for managing and analyzing customer data. It enables the integration of data from various sources, such as transactions, interactions, and demographic information, into a single platform. This centralized database provides a comprehensive view of customers, enabling more accurate segmentation and personalized marketing initiatives.
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Holloway Company earned $6,800 of service revenue on account during Year 1. The company collected $5,780 cash from accounts receivable during Year 1. Required Based on this information alone, determine the following for Holloway Company. (Hint: Record the events in general ledger accounts under an accounting equation before satisfying the requirements.) (Enter any decreases to account balances with a minus sign.) a. The balance of the accounts receivable that would be reported on the December 31, Year 1, balance sheet. b. The amount of net income that would be reported on the Year 1 income statement. c. The amount of net cash flow from operating activities that would be reported on the Year 1 statement of cash flows. d. The amount of retained earnings that would be reported on the Year 1 balance sheet.
Answers
The further discussion can be defined as follows:
For point A:Calculated to use this formulation is the account receivable
reported on the balance sheets
Using formula:
Admissible Accounts
For point B:The reported net income is revenue from services of \(\$18,000\)
For point C:The reported net cash flow from operations is \(\$14,000\) in
cash from accounts receivables in 1 year.
For point D:Reclaimed revenues are \(\$18,000\) representing the amount of net
income transferred to the retained income account.
So, the final answer is "$4,000, $18,000, $14,000, and $18,000".
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Which of the following explains why a researcher would use an interview instead of an online survey?
O The process needs to be cost effective.
O The interviewer can record both observations and responses.
O The data needs to be quickly compiled.
O The interviewer can target a specific population.
Please help me
Answers
Hey there!
I believe the answer to your question would be B.) The interviewer can record both observations and responses.
In an online survey, you can just put random answers, but in an actual interview, the interviewer can catch you off guard, and they can see expressions and hear tone of voice, to really understand your answer.
Hope it helps and have a great day!
The answer is:
B) The interviewer can record both observations and responses.I want business plan beauty salon and cosmetics
Answers
Communication exchanges are viewed through an individual's , which influences how the communication is interpreted.
Answers
Loan payments of $700 due three months ago and of $1000 due today are to be paid by a payment of $800 in two months and a final payment in five months. If 9% interest is allowed, and the focal date is five months from now, what is the amount of the final payment? The amount of each payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)
Answers
Answer: $654.04
Explanation:
We are given loan payments of $700 due three months ago and $1000 due today and we are to find the amount of the final payment to be paid by the borrower. Let the amount of the final payment be x.
The borrower is supposed to make a payment of $800 in two months from now. We need to determine the value of the final payment x such that all payments are settled.
To solve this problem, we use the time value of money formula. The formula is:
PV = FV / (1 + r)t
Where PV is the present value, FV is the future value, r is the interest rate, and t is the period.
We can write down the following equations based on the information given:
700/(1+0.09)^8 + 1000/(1+0.09)^5 + 800/(1+0.09)^3 + x/(1+0.09)^0 = 0
Simplifying the above equation we get:
x = $654.04
Therefore, the amount of the final payment will be $654.04.
introduction of business presentation on investment: securities
Answers
Securities play a vital role in modern investment portfolios, providing individuals and organizations with opportunities to grow their wealth and achieve their financial goals.
Securities are financial instruments that represent ownership or a creditor relationship with a corporation, government, or other organizations. They are tradable assets, such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs).
The primary goal of investing in securities is to generate returns through capital appreciation, income generation, or a combination of both. By investing in securities, individuals and businesses can diversify their portfolios, mitigate risks, and potentially earn higher returns than traditional savings accounts.
Securities offer various advantages to investors. Stocks provide an ownership stake in a company, offering potential capital gains and dividend income. Bonds, on the other hand, represent loans made to governments or corporations and offer fixed interest payments. Mutual funds and ETFs enable investors to pool their money and gain exposure to a diversified portfolio managed by professionals.
Investing in securities requires careful consideration of individual risk tolerance, investment horizon, and financial objectives. It is crucial to conduct thorough research, analyze market trends, and seek professional advice when making investment decisions.
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The American Marketing Association Statement of Ethics identifies six key aspirational
ethical values, one of which is
Select one:
a. diversity.
b. integrity.
c. perseverance.
d. charity.
e. openness.
Answers
Why we Ted to spend more with credit than with cash?
Answers
Answer:
With credit, you do not need to pay your balance immediately.
Explanation:
Ted likely didn't have enough cash to purchase what he wanted, so he used credit to pay it out at a later time.
Use the following information to answer the questions below. Assume that the capital account is equal to zero.
Exports of goods and services 540
Primary income received 20
Secondary income received 380
Imports of goods and services 270
Primary income paid abroad 180
Secondary income paid 10
Net acquisition of financial assets 700
Net incurrence of liabilities 80
Net change in financial derivatives 100
What is the trade balance?
What is the current account balance? What is the financial account balance? What is the statistical discrepancy?
Answers
1)The trade balance is 270
2)The current account balance is 480.
3) The financial account balance is 520
4)The statistical discrepancy is -40.
The given information is used to determine the trade balance, the current account balance, the financial account balance, and the statistical discrepancy.
The trade balance is computed by subtracting imports from exports. Exports and imports of goods and services are the primary factors in determining a country's trade balance.Trade Balance = Exports - ImportsTrade Balance = 540 - 270Trade Balance = 270Therefore, the trade balance is 270
Current Account Balance-The current account is determined by adding together all the transactions in the current account. As a result, the current account balance is equal to the sum of exports minus imports, primary income received minus primary income paid, and secondary income received minus secondary income paid.Current Account Balance = (Exports - Imports) + (Primary Income Received - Primary Income Paid) + (Secondary Income Received - Secondary Income Paid)Current Account Balance = (540 - 270) + (20 - 180) + (380 - 10)Current Account Balance = 270 - 160 + 370Current Account Balance = 480Therefore, the current account balance is 480.
Financial Account Balance-The financial account balance is the sum of the net acquisition of financial assets minus the net incurrence of liabilities and the net change in financial derivatives.Financial Account Balance = Net Acquisition of Financial Assets - Net Incurrence of Liabilities - Net Change in Financial DerivativesFinancial Account Balance = 700 - 80 - 100Financial Account Balance = 520.Therefore, the financial account balance is 520
.Statistical Discrepancy-The statistical discrepancy is the difference between the current account balance and the financial account balance.Statistical Discrepancy = Current Account Balance - Financial Account BalanceStatistical Discrepancy = 480 - 520Statistical Discrepancy = -40Therefore, the statistical discrepancy is -40.
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define the meaning of an action plan
Answers
Answer:
a action plan is a detailed outlining actions needed to reach one or more goals
Which of the following phrases is an example of structural que ?
Answers
Answer:
excuse me but where is the phrase?
January 4—Sold two ice cream systems to Day Dreamer’s Ice Cream. The estimated direct labor is $8,200.00. The estimated direct material is $3,350.00. The estimated indirect material is $350.00. Day Dreamer’s is to be billed in the amount of $20,925.00 on account. A check for $5,000.00 will be collected as a deposit against that sale. The start date will be January. The date promised will be January 23. Assign the contract to Job 74.
January 4th sold two ice cream systems to Day Dreamer's Ice Cream. THe estimated direct labor is $8,000.00. The estimated direct material is $2,250.00. The estimated indirect material is $350.00. Day Dreamers is to be billed in the amount of $20,925.00 on account. A check for $5,000.00 will be collected as a deposit against that sale. The start date will bew January 7th. The date Promised will be January 23rd.
January 19—Apply from direct materials requisition $2,800.00 of direct materials. Apply from indirect materials requisition $325.00 of indirect materials. Apply from time cards s $7,950.00 of direct labor to Job 74 completing the job.Applied factory overhead is based on 25% of direct labor cost. Transfer the completed job to the COGS account from Direct Material and Indirect Material and Factory Overhead accounts. When making the journal entry for applying direct labor debit COGS for the gross pay and credit FWT Payable and FICA Tax Payable for the appropriate amounts with the net pay going to Salaries Payable
what would all the monthly journal entries be?
Answers
When the job is completed, the costs incurred in the Work in Progress account will be transferred to the Finished Goods account.The following are the monthly journal entries:January 4, 20XX: Sold two ice cream systems to Day Dreamer's Ice Cream and the total amount billed on account is $20,925.00. Cash collected on account was $5,000.00.
To record sales on account:
Debit: Accounts Receivable: $20,925
Credit: Sales Revenue: $20,925
To record cash received on account
:Debit: Cash: $5,000
Credit: Accounts Receivable: $5,000
January 7, 20XX: Job 74 began and the direct and indirect materials are requisitioned and job order costs were incurred.
To record the beginning of the job, the following entry will be made:
Debit: Work in Progress: $5,800
Credit: Direct Materials: $2,250
Credit: Indirect Materials: $350
Credit: Direct Labor: $8,000
January 19, 20XX: Direct materials of $2,800 and indirect materials of $325 were used and direct labor costs were incurred amounting to $7,950.00.
To record the use of direct materials:
Debit: Work in Progress: $2,800
Credit: Direct Materials: $2,800
To record the use of indirect materials:Debit: Work in Progress: $325
Credit: Indirect Materials: $325To record the payroll expenses:
Debit: Work in Progress: $7,950
Credit: Salaries Payable: $6,137.50
Credit: FICA Taxes Payable: $612.50
Credit: Federal Withholding Taxes Payable: $200
Credit: State Withholding Taxes Payable: $1,000
To record the application of overhead:Debit: Work in Progress: $1,987.50
Credit: Manufacturing Overhead: $1,987.50.When the job is completed, the costs incurred in the Work in Progress account will be transferred to the Finished Goods account.
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today ,I am happy I help my grandma
Answers
Discount-Mart issues $19 million in bonds on January 1, 2021. The bonds have a seven-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value 01/01/2021 $ 17,233,953 06/30/2021 $ 950,000 $ 1,034,037 $ 84,037 17,317,990 12/31/2021 950,000 1,039,079 89,079 17,407,069 06/30/2022 950,000 1,044,424 94,424 17,501,493 12/31/2022 950,000 1,050,090 100,090 17,601,583 What is the market annual rate of interest on the bonds
Answers
Answer: 12%
Explanation:
The semi annual market rate of interest on the bonds will be the interest expense divided by the carrying value i.e issue price of bond which is then multiplied by 100%. This will be mathematically expressed as:
= 1,034,037/17,233,953 × 100
= 0.06 × 100
= 6%
This implies that the semi annual market interest rate is 6%.
Since we are told to calculate the market annual rate of interest on the bonds, we multiply the value of 6% by 2 since 12 months make a year and we used 6 months for the calculation above which is semi annual. This will be:
= 6% × 2
= 12%
Therefore, the market annual rate of interest on the bonds is 12%
CSelect the items from this list that are examples of misconceptions.
A high school student is too young to have a budget.
A bank is not a safe place to keep your money.
Buy stock before you have a steady income.
After high school, there is no need to become more educated.
Save your money as soon as you have a full-time job.re the deadline.
Answers
D- there’s is more to learn outside of high school for many careers
probably B too but i’m not sure
Okay party tray which cost $14 to make not including labor was sold for $35 if two people work 8-hour shift make it the tree $7 per hour how many tree must be sold to cover all costs including labor
Answers
Answer:
2.67 trays
Explanation:
Calculation for how many trays must be sold to cover all costs including labor
First step is to calculate the Total Labor
Total labor = $7 per hour*8-hour shift
Total labor=56
Second step is to the profit per tray
Profit per tray=$35-$14
Profit per tray=$21
Now let calculate how many trays must be sold
Using this formula
Numbers of trays to be sold=Total labor/Profit per tray
Let plug in the formula
Numbers of trays to be sold=56/21
Numbers of trays to be sold=2.67 trays
Therefore the numbers of trays that must be sold to cover all costs including labor is 2.67 trays
A bank is preparing a financial asset for trading in the over-the-counter market. It most nearly sounds as though they are _____. securitizing securitizing collateralizing a loan collateralizing a loan creating a derivative creating a derivative offsetting negative risk
Answers
A bank is preparing a financial asset for trading in the over-the-counter market. It most nearly sounds as though they are a derivative offsetting negative risk. The correct option is D.
What are over-the-counter financial instruments?OTC securities are those that are not listed on a national securities exchange. The majority of these securities are traded on Alternative Trading Systems (ATSs), which are quotation mediums that may include electronic interdealer quotation systems that show quotes from broker-dealers for many OTC securities.
In over-the-counter markets, trading is done electronically rather than in a physical location. An auction market system is very dissimilar from this. Dealers serve as market makers in OTC markets by quoting prices at which they will buy and sell securities, currencies, or other financial products.
Thus, the ideal selection is option D.
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the message was written by the marketing manager of an online retailer of baby related products in the hope of becoming a retail outlet for Inglesina strollers and high chairs
Answers
It should be noted that the message should be reviewed so that it follows the writing business message guidelines.
How to write a marketing messageThe complete information is that one should read the email message and revise it so that it follows the general writing business message guidelines.
Therefore, the message will be written thus:
To: Inglensia
Subject: Retailing strollers from Best Baby Gear
Our company, Best Baby Gear, specializes in the best products for the target market. We constantly look for products and suppliers that are good, and classy to take their place alongside other carefully selected products.
We want every product to be a top-drawer success. After careful consideration, we concluded that your Inglesina lines meet our needs and therefore, we would like to add it. This collaboration will enhance our growth.
Please reach out to us for further discussions.
Warm Regards,
Best Baby Gear
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