On October 1, 2014, Dakota Company issued an $800,000, 10%, nine-month interest-bearing note. If the Dakota Company is preparing financial statements at December 31, 2014, the adjusting entry for accrued interest will include
Based on the information given the adjusting entry for accrued interest will include debit to Interest Expense of $20,000.
The appropriate adjusting entry to record the given transaction is:
Dakota Company journal entry
December 31, 2014
Debit Interest Expense
Credit Interest Payable $20,000
($800,000×10%×3/12)
(To record accrued interest)
Inconclusion the adjusting entry for accrued interest will include debit to Interest Expense of $20,000.
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Suppose that you are an orange grower. Would you expect the demand for your
orange to be more elastic or more inelastic? Why
It should be noted that the demand for orange will be elastic because when there's a change in price, there'll be a larger change in quantity demanded.
It should be noted that an elastic demand simply means a situation whereby a change in the price of a good lead to a larger change in the quantity demanded.
In this case, the demand for orange will be elastic because when there's a change in price, there'll be a larger change in quantity demanded. For example, an increase in price will make the customers buy other fruits.
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Sunland Company has 1050 shares of 4%, $100 par value, cumulative preferred stock and 52500 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock
Based on the information given the annual dividend on the preferred stock is : $4,200.
Using this formula
Annual dividend=Number of shares× Par value× Shares Percentage
Where:
Number of shares=1050 shares
Par value=$100 par value
Shares Percentage=4% or 0.04
Let plug in the formula
Annual dividend=1050shares× $100×0.04
Annual dividend=$4,200
Inconclusion the annual dividend on the preferred stock is : $4,200.
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Davis Manufacturing Company had the following data:
January 1 December 31
Accounts receivable $27,000 $33,000
Materials inventory 22,500 6,000
Work in process inventory 70,200 48,000
Finished goods inventory 3,000 15,000
Collections on account were $625,000.
Cost of goods sold was 68% of sales.
Direct materials purchased amounted to $90,000.
Factory overhead was 300% of the cost of direct labor.
a. Compute sales revenue (all sales were on account).
$ ___________________
b. Compute cost of goods sold.
$ ______________
c. Compute cost of goods manufactured.
$ _______________
d. Compute direct materials used.
$ ________________
e. Compute direct labor incurred.
$ ________________
f. Compute factory overhead incurred.
$ __________________
a) The computation of the sales revenue is $631,000.
b) The computation of the cost of goods sold is $429,080.
c) The computation of the cost of goods manufactured is $441,080.
d) The computation of the direct materials used is $106,500.
e) The computation of the direct labor incurred is $78,095.
f) the Computation of the factory overhead incurred is $234,285.
How are the figures above computed?The ledger accounts of the inventory accounts can help in the computation of the above figures as shown below.
Data and Calculations:January 1 December 31
Accounts receivable $27,000 $33,000
Materials inventory 22,500 6,000
Work in process inventory 70,200 48,000
Finished goods inventory 3,000 15,000
Collections on account were $625,000
Cost of goods sold was 68% of sales.
Direct materials purchased amounted to $90,000
T-Accounts:
Accounts receivable:Beginning balance $27,000
Sales (missing) 631,000
Cash collection $625,000
Ending balance $33,000
Cost of goods sold is $429,080 ($631,000 x 68%).
Materials inventoryBeginning balance $22,500
Purchases 90,000
Work in process 106,500
Ending balance $6,000
Work in process inventoryBeginning balance $70,200
Materials inventory 106,500
Direct labor 78,095
Factory overhead 234,285
Finished goods inventory $441,080
Ending balance $48,000
Finished goods inventoryBeginning balance $3,000
Work in process $441,080
Cost of goods sold $429,080
Ending balance 15,000
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What is the balance between supply and demand called ?
Answer:
I think it is Market equilibrium
The balance between supply and demand is known as the market equilibrium.
The supply and demand are determined through the price mechanism in a free market. Such as if the goods or services are bought more frequently then their prices will go up and vice versa.
This means that the price mechanism helps to determine what goods are to be produced. In the case where the demand for good increase will result in price go up and will ultimately result in producers supplying more of those goods.
This system of price helps to scale the point where competing demands may be weighed by the consumer or producer requirements.
However, the movement towards the price equilibrium and the resulting balance between the supply and demand is known as the market equilibrium.
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Scenario 1
A specific department within an organization has a high turnover rate; employees of this department
have a shorter average tenure than those of other departments in the company. Skilled workers are
leaving and the worker population contains a high percentage of novice workers. Ms Joyce Lynn has no
idea what is going on and wants to know more about what is happening.
Based on the information given, the researcher should proceed by finding the root cause of the problem.
From the complete question, the purpose of the study will simply be to find the be root cause of the problem firstly.
Also, the time horizon of the study should be taken into consideration. Furthermore, the research strategy that'll be applied in this case should be analyzed.
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Which type of reinforcement schedule results in the quickest learning
I bad at explaining things but a easy way to learn quicker (for me anyways) is by taking notes and going over them everyday and reading a little ahead then you have to. Also by going at your pace first till you get use to it before you start pushing your self a little harder.
This helps a lot but than again every one is different so I would honestly juts say to go slow at first and work your self up that way it would he a lot easier on you if you want to learn faster
Sapphire Aerospace operates 52 weeks per year, and its cost of goods sold last year was $6,500,000. The firm carries eight items in inventory: four raw materials, two work-in-process items, and two finished goods. Table 12.3 shows last year’s average inventory levels for these items, along with their unit values. a. What is the average aggregate inventory value? b. How many weeks of supply does the firm have? c. What was the inventory turnover last year?
a. The average aggregate inventory value is $336,000.
b. The number of weeks of supply that the firm has is 3 weeks, approximately (2.69 ($336,000/$6,500,000 x 52).
c. The inventory turnover of Sapphire Aerospace for last year was 19.3x.
Question Completion:
Category Part Number Average Value Total Category
Inventory Units per Unit Value Totals
Raw Materials RM-1 20,000 $1 $20,000
Materials RM-2 5,000 5 25,000
RM-3 3,000 6 18,000
RM-4 1,000 8 8,000 $71,000
Work-in-process WIP-1 6,000 10 60,000
WIP-2 8,000 12 96,000 $156,000
Finished goods FG-1 1,000 65 65,000
FG-2 500 88 44,000 $109,000
Total value of inventory $336,000 $336,000
Inventory turnover = Cost of goods sold/Average inventory
= 19.3x ($6,500,000/$336,000)
Thus, the average inventory value is $336,000, while the inventory turnover was 19.3x.
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What value is usually
associated with the term
(Y)"?
A. Interest Rate
B. Real Output
C. Equilibrium Price
D. M1
Answer:
B real output. Have a great Friday. Enjoy the weekend.
Who should have a financial emergency plan in place?
Those with high risk
Everyone, regardless of financial health
Those with bad credi.
Those in a state of bankruptcy
Answer:
I think B. Everyone, regardless of financial health.
Explanation:
Anything can happen but, if they have a backup financial emergency plan, it can go smoother.
Hope this helps :)
15) Hallowell Inc. has free cash flow of $2.5 million and 1.25 million shares outstanding. If you believe the price to cash flow ratio for this company should be 11, what is the highest price you should pay for the stock?
Answer:
The highest price for the stock is $22.00
Explanation:
Hallowell Inc has a free cash flow of $2.5 million and 1.25 million shares.
The cash flow ratio for the company is 11.
Solution:
For one stock the cash flow ratio is 11.
Then the highest price we should pay is $22.00.
So we should pay $22.00 for one stock.
Therefore the highest price we should pay for the stock is $22.00
At a chip manufacturing plant, four technicians (A, B, C, and D) produce three products (Products 1, 2, and 3). This month, the chip manufacturer can sell 80 units of Product 1, 50 units of Product 2, and at most 50 units of Product 3. Technician A can make only Products 1 and 3. Technician B can make only Products 1 and 2. Technician C can make only Product 3. Technician D can make only Product 2. For each unit produced, the products contribute the following profit: Product 1, $6; Product 2, $7; and Product 3, $10. The time (in hours) each technician needs to manufacture a product is as follows(X means the technician can not produce the corresponding product). Each technician can work up to 120 hours per month. How can the chip manufacturer maximize its montly profit
The chip manufacturer can maximize the monthly profit by using the objective function: z = 6X₁ + 7X₂ + 10 X₃
An objective function is a function that has the goal of maximizing or minimizing the model's value based on the relationship between the variables in the function.
The term "decision variables" refers to a group of variables that are responsible for regulating the objective function.
The decision variable for the quantity of the product 1, 2, 3 manufactured can be expressed as:
X₁, X₂, X₃The objective function used in maximizing the profit is:
z = 6X₁ + 7X₂ + 10 X₃This is subjected to the constraint:
2X₁ + 3X₃ ≤ 120 (Tech A time and manufacturing limitation)2.5X₁ + 3X₂ ≤ 120 (Tech B time and manufacturing limitation)4X₂ ≤ 120 (Tech C time and manufacturing limitation)3.5X₂ ≤ 120 (Tech D time and manufacturing limitation)Learn more about objective function for maximizing profit here:
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The difference between the lower class limits of adjacent classes provides?
Answer:
C
Explanation:
Imagine you own a company that makes YOUR FAVORITE PRODUCT.
Answer:
I am not sure what you want me to answer but Ill give you my P.O.V
Explanation:
If I had my own company with my favorite product I would have created more of the things related to that product. And invest my money in other products I enjoy using. And improve on that product make it better.
When a company enters the market with a high price for their new innovation, which pricing strategy have they used
Answer:
iprob info
Explanation:
In general, which type of marketing do you think is most effective for events: push or pull marketing? If you were an event marketer, how would you decide how much push and pull marketing to use? Discuss how an event's ability to help us escape from everyday life and worries can be advantageous for marketeif you were an event marketer how would you decide how much push and pull marketing to use
Push marketing strategies in a way force the potential customer to consume by generating a need that previously did not exist through strategies such as great deals or discounts, bombastic advertisements, etc.
In turn, the pull marketing strategies seek to attract customers in a smoother way, that is, by convincing consumers about the essential characteristics of the product through medium and long-term transformations, such as changes in packaging.
Therefore, push strategies serve to generate consumption in the short term, while pull strategies serve to generate consumption in the medium and long term.
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Which of the following should be included in an individual taxpayers federal gross income
Answer:
I believe your wages, dividends, business income, capital gain, retirement distributions as well as other income should all be included in an individual gross business income
Explanation:
Let me know if this helps!
State one effect the great depression had on many Americans?
Answer:
Great Depression
EXPLANATION:
I hope this helps (:
what's the net price equivalent rate of 9/15/18
Select the correct answer
What type of income is received through rent?
A. earned income
B. passive income
C. portfolio income
D. business income
Answer:
earned income is received through rent
Help help buddies pelsss I’ll give points I need straightforward answer ASAP
Answer:
1
Explanation:
1 divided by 1 is 1
100% in number form is 1
The answer is::::
C. 1
Help help help businesses
Answer:
A. monopolize access to printing currency
Which of the following statements is CORRECT? Question 9 options: The AFN equation for forecasting funds requirements requires only a forecast of the firm's balance sheet. Although a forecasted income statement may help clarify the results, income statement data are not essential because funds needed relate only to the balance sheet. Dividends are paid with cash taken from the accumulated retained earnings account, hence dividend policy does not affect the AFN forecast. A negative AFN indicates that retained earnings and spontaneous liabilities are far more than sufficient to finance the additional assets needed. If the ratios of assets to sales and spontaneous liabilities to sales do not remain constant, then the AFN equation will provide more accurate forecasts than the forecasted financial statements method. Any forecast of financial requirements involves determining how much money the firm will need, and this need is determined by adding together increases in assets and spontaneous liabilities and then subtracting operating income.
AFN has negative and positive sides. The correct statement is A negative AFN indicates that retained earnings and spontaneous liabilities are far more than sufficient to finance the additional assets needed.
AFN is known as Projected increase in assets – spontaneous increase in liabilities – any increase in retained earnings.When the AFN value is negative, it means the action or project that is underwork will bring about extra income for the company, which can be invested in another place.
Additional funds needed (AFN) is known as financial term used when a business intends to widen its operations.
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Xavier needed a new business credit card. After evaluating many choices, he decided to sign up for an American
Express Delta Air Lines card. Within a few moments of his online signup and approval, Xavier received two emails.
The first email included his account information and a link to take a survey to give feedback about his account sign
up experience. The second email pointed him to a social media video that walked him through his new benefits,
showed him how to navigate the website, answered basic questions a new customer may ask, and showed him
how to sign up for account alert emails. American Express's marketing team created an easy way to reinforce a
customer's "purchase" decision. Which IMC tools were used to facilitate this process?
a
Integrated Marketing Communications is often used in marketing. The IMC tools that were used to facilitate this process is email, survey and social media.
Integrated Marketing Communications os known to be described as putting together or the integration of marketing tools examples advertising, online marketing, etc.They are known to be promotional tools that are said to be very effective when they used together.
IMC seeks to make a stress-free experience for its customers. The Tools of Integrated Marketing Communications includes
AdvertisingPersonal sellingSocial Media MarketingPublic Relations etc.Learn more Promotional tools from
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Arthur is a tax preparer doing business as a sole proprietor. Under what circumstances could he receive a pass-through deduction that is not limited as a result of it being an SSTB?
It should be noted that the condition where he'll get a pass-through deduction is that he has a taxable income.
A pass-through deduction refers to a business that isn't subject to corporate income tax. Rather, such a business is taxed at individual income tax rates.
From the information given, the condition where Arthur will get a pass-through deduction is that he has a taxable income. Also, the deduction cannot be more than 20% of the taxable income.
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What are your goals that you want to achieve in 5 years?
Answer:
Consider Why the Job Interests You
Research the Business
Don't Worry If You Don't Know What Kind of Career You Want to Pursue
Be Enthusiastic
Be Realistic
Explanation:
What of the following would not be relevant in a make-or-buy decision? What of the following would not be relevant in a make-or-buy decision?
Select one:
a. Avoidable fixed cost
b. Incremental fixed costs
c. Unavoidable variable costs
d. Opportunity costs
Tje correct answer is c. Unavoidable variable costs. Options that would not be relevant in a make-or-buy decision are unavoidable variable costs.
What are unavoidable variable costs?Corresponds to a type of expense that cannot be avoided, that is, it is an expense associated with other costs, such as interest rates, depreciation and taxes, being costs that do not depend only on the purchase decision, but costs arising from a commitment to use such expense.
In the make-or-buy decision process, it is necessary for organizations to carry out a structured and organized budget, to better allocate their resources between goals, income and expenses, in order to have greater control of their costs and a more strategic decision-making.
Therefore, the purchase decision process must be based on strategic planning to meet objectives and goals aligned with your needs and best opportunities.
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The Medical Device Makers Association does not include all manufacturers of medical and surgical instruments. The association refuses to deal with any parties who do not carry the products of its members. This is Group of answer choices a situation that neither restrains trade nor harms competition. subject to analysis under the rule of reason. not within the scope of the Sherman Act. a per se violation of antitrust law.
The word per se is often means the act is illegal in some countries. The above Scenario is known to be a per se violation of antitrust law.
The Per se rule is often used in the cases that involves price fixing, group boycott etc. This kind of case often needs a lot of inquiry before it is handled.
There are different kinds of per se violations of antitrust law. Some other business practices that can be said to be per se illegal under antitrust laws are:
When there is an horizontal market allocation agreementsWhen some particular horizontal group did boycotts by competitorsWhen there is tying arrangements etc.Antitrust laws is known to hinder the act of lowering the price in a specific geographic area so as to drive out competition.
Federal antitrust laws aim to keep the unity and peace of the free and open market competition both in the geographic areas and in types of products or services.
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What low-risk investment can provide Kazuo income when he retires?
a. real estate
b. stocks
c. bonds
d. ira’s
Answer: D
Explanation:
Suppose Yummy Treats Bakery issues common stock in exchange for a building. Yummy Treats Bakery should record the building at Question content area bottom Part 1 A. the par value of the stock given. B. its book value. C. its market value. D. a value assigned by the board of directors
Based on the information given Yummy Treats Bakery should record the building at: C. its market value.
Market value is the value of an asset in the market or the amount at which an asset will be sold in the market.
Building is an asset and since common stock was issued out in exchange for a building , the best options is that Yummy treats bakery should record the building at the market value the asset or the building.
Inconclusion Yummy Treats Bakery should record the building at: C. its market value.
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