Answer:
don't know the answer sorry
Piedmont Company purchased merchandise on account from a supplier for $40000, terms 1/10, n/30. Piedmont Company returned $6000 of the merchandise and received full credit.If Piedmont Company pays the invoice within the discount period, what is the amount of cash required for the payment
Answer is in a photo. I can only upload it to a file hosting service. link below!
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Although ZipCar has some routine operating tasks, its rules and regulations are, for the most part, not strict. ZipCar's decision making does not follow a strict chain of command, and first-line customer service agents have the authority to make decisions without management approval. This information primarily indicates that ZipCar lacks ________. a organizational culture b cross-functional teams c bureaucratic characteristics d cost controls e strategic alliances
Answer: bureaucratic characteristics
Explanation:
From the information given, we can say that ZipCar lacks bureaucratic characteristics. A bureaucratic organization is an organization with several layers of systems and processes and this brings about complexity and delay in decision making as it is hierarchical.
Since ZipCar's decision making does not follow a strict chain of command, and the first-line customer service agents have the authority to make decisions without management approval, this shows that the organization lacks bureaucratic characteristics.
Malone Co. owned 70% of Bernard Corp.'s common stock. During November 2021, Bernard sold merchandise to Malone for $150,000. At December 31, 2021, 40% of this merchandise remained in Malone's inventory. For 2021, gross profit percentages were 25% of sales for Malone and 30% of sales for Bernard. The amount of intra-entity gross profit remaining in ending inventory at December 31, 2021 that should be eliminated in the consolidation process is: Multiple Choice $18,000. $45,000. $36,000. $11,250. $14,400.
Answer:
$18,000
Explanation:
Calculation to determine what The amount of intra-entity gross profit remaining in ending inventory at December 31, 2021 that should be eliminated in the consolidation process is:.
Using this formula
Intra-Entity Gross Profit =(Transfer Price × Percentage of Bernard's GP) × Intra-Entity Transfers Remaining in Ending Inventory
Let plug in the formula
Intra-Entity Gross Profit=($150,000×30% )×40%
Intra-Entity Gross Profit=$45,000×40%
Intra-Entity Gross Profit=$18,000
Therefore The amount of intra-entity gross profit remaining in ending inventory at December 31, 2021 that should be eliminated in the consolidation process is:$18,000
Sauer Food Company has decided to buy a new computer system with an expected life of three years. The cost is $330,000. The company can borrow $330,000 for three years at 11 percent annual interest or for one year at 9 percent annual interest. Assume interest is paid in full at the end of each year. a. How much would Sauer Food Company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 9 percent rate
Answer:
the save in interest over the 3 years in the case of 9% rate of interest is $89,100
Explanation:
a. The computation of the save in interest over the 3 years in the case of 9% rate of interest is given below:
= $330,000 × 9% × 3 years
= $89,100
Hence, the save in interest over the 3 years in the case of 9% rate of interest is $89,100
The same would be considered and relevant too
18. You've arrived at the Pecan Shellers conference - your first networking opportunity.
Naturally, you're feeling nervous, but to avoid seeming insecure or uncertain, you've
decided to
A. square your shoulders before entering the room.
B. speak a little louder than you would normally.
C. talk on your cell phone as you walk around.
D. hold an empowered image of yourself in your mind.
When a person is feeling nervous in this case, to avoid seeming insecure or uncertain, you've decided to square your shoulders before entering the room.
How do you describe a person who is uncertain?A person who is uncertain is said to be one who is said to be capricious; and also unstable.
This is a kind of person that is not sure of their opinions. and so they are ambiguous. In the case above, the right thing to do is option A.
Learn more about networking opportunity from
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Answer:
D. hold an empowered image of yourself in your mind
Explanation:
Dr. Norma Carr-Ruffino, a professor of management at San Francisco State University, suggests that you prepare yourself mentally before you enter the room. Imagine new relationships forming on the basis of shared goals, mutual respect, successful communication, and connections that empower you.
Firms HL and LL are identical except for their financial leverage ratios and the interest rates they pay on debt. Each has $23 million in invested capital, has $3.45 million of EBIT, and is in the 25% federal-plus-state tax bracket. Firm HL, however, has a debt-to-capital ratio of 50% and pays 12% interest on its debt, whereas LL has a 30% debt-to-capital ratio and pays only 10% interest on its debt. Neither firm uses preferred stock in its capital structure. Calculate the return on invested capital (ROIC) for each firm. Round your answers to two decimal places.
Answer:
ROIC for firm HL = 11.25%
ROIC for firm LL = 11.25%
Explanation:
Given:
EBIT = $3,450,000
Tax rate = 25%
Invested capital = $23,000,000
Note that the information above is the same for both firms HL and LL. This implies that their ROIC will be the same as calculated below:
ROIC = (EBIT * (100% - Tax rate)) / Invested capital ……………………. (1)
Substituting the values into equation (1), we have:
ROIC = ($3,450,000 * (100% - 25%)) / $23,000,000 = 0.1125, or 11.25%
Therefore, we have:
ROIC for firm HL = 11.25%
ROIC for firm LL = 11.25%
An accountant's ability to audit a company's records is an example of what type of skills?
Answer:
technical skills
An accountant's ability to audit a company's records is an example of what type of skills? technical skills. Camille Graham is a manager who works well with people and makes them feel excited about their work.
Explanation:
Hope it helps! Correct me if I am wrong!
I'm sure about my answer!
If you dont mind can you please mark me as brainlest?
Its ok if you don't want to!
But i hopefully it helps you!
What factors do you need to consider when choosing financial institution?
Answer:
please give me brainlist and follow
Explanation:
The following key factors will help you to choose the best savings account for your needs:
Interest rate. ...
Minimum cash balance. ...
Presence or network of the bank/financial institution. ...
Service charges / ancillary fees. ...
Debit-card deals. ...
Doorstep banking facilities. ...
Disclaimer: Copyright Kotak Mahindra Bank Ltd.
Monopsonistic exploitation is A. the difference between the number of workers employed by a competitive firm and those employed by a monopsonist. B. the difference between the marginal revenue product of labor and the wage paid by the monopsonist. C. equal to the marginal factor cost of the monopsonist. D. the difference between the monopsony wage and the competitive wage.
Answer:
B. the difference between the marginal revenue product of labor and the wage paid by the monopsonist.
Explanation:
An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.
Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).
Hence, while an employer may be the owner of a business firm or company, an employee is a subordinate employed to provide unwavering services to the employer while also, being professional and diligent at all times.
Monopsony involves a situation in which an employer has numerous employees who are seeking to gain employment. Thus, this phenomenon avails employers the ability or opportunity to take undue advantage of the employees through exploitations by setting lower wages while employing fewer employees or workers.
Hence, monopsonistic exploitation is the difference between the marginal revenue product of labor and the wage paid by the monopsonist.
Barbella purchased a wedding ring for $15 at a yard sale in May. She thought the ring was costume jewelry, but it turned out to be a real diamond ring. She is not in the business of buying and selling anything. She researched the ring on the internet and discovered that it was worth at least $1,000. She sold it on an internet auction site for $1,100 in July. Was the ring a capital asset
Answer:
a. Yes, the ring is a capital asset.
b-1. The amount the gain from its sale by Barbella is $1,085.
b-2. Since the ring was held by Barbella for less than a year, the nature of the gain is therefore a short term capital gain.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
Barbella purchased a wedding ring for $15 at a yard sale in May. She thought the ring was costume jewelry, but it turned out to be a real diamond ring. She is not in the business of buying and selling anything. She researched the ring on the Internet and discovered that it was worth at least $1,000. She sold it on an Internet auction site for $1,100 in July.
a. Was the ring a capital asset?
b. What were the amount and nature of the gain or loss from its sale by Barbella?
Explanation of the answers is now given as follows:
a. Was the ring a capital asset?
Yes, the ring is a capital asset.
Despite that Barbella purchased the wedding ring for personal use, the ring still has to be treated as a capital that it is actually is.
b. What were the amount and nature of the gain or loss from its sale by Barbella?
b-1. The amount of the capital gain can be calculated as follows:
Capital gain = Sales proceed - Cost of purchase = $1,100 - $15 = $1,085
Therefore, the amount the gain from its sale by Barbella is $1,085.
b-2. Since the ring was held by Barbella for less than a year, the nature of the gain is therefore a short term capital gain.
In the financial system, who are the borrowers?
A governments, businesses, and households
B governments, households, and individuals
C individuals and households
D households, individuals, and businesses
19. Big Company is preparing a cash budget for the month of April. The following information is available: Cash Balance, March 31, 2020 $11,000 Cash collections from customers in April 43,000 Cash paid for land in April 10,000 Patent amortization expense in April 5,000 Cash paid for merchandise in April 20,000 Cash paid for operating expenses in April 20,000 Cash dividend paid in April 5,000 The minimum cash balance desired is $10,000. What is the deficiency of cash before financing at April 30, 2020
Answer:
Cash Deficiency = - $11000
Explanation:
To calculate the deficiency of cash at the end of April, we must first calculate the Cash receipts for the month of April and add them to the available cash balance at start of the month and then deduct the cash payments for the month. In this way we can calculate the ending balance for April. Later we can calculate the cash deficiency at the end of April by comparing the actual cash balance at the end of April with the desired cash balance,
Ending Balance = Opening Cash Balance + Cash Receipts - Cash Payments
Ending Balance - April= 11000 + 43000 - [10000 + 20000 + 20000 + 5000]
Ending Balance = - $1000
The Cash Deficiency before finance is,
Cash Deficiency = Actual Balance - Desired Balance
Cash Deficiency = -1000 - 10000
Cash Deficiency = - $11000
It is important to remember that when calculating the ending cash balance, we will not consider Patent amortization expense as it is a non cash expense.
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 914,000 Credit sales 314,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable $ 139,000 debit Allowance for doubtful accounts 6,400 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 5% of credit sales, (2) 3% of total sales and (3) 8% of year-end accounts receivable.
Answer:
a.
Date Account Title Debit Credit
Dec, 31 Bad debt expense $15,700
Allowance for doubtful expense account $15,700
Working
= 5% * 314,000
= $15,700
b.
Date Account Title Debit Credit
Dec, 31 Bad debt expense $36,840
Allowance for doubtful expense account $36,840
Working
= 3% * (Cash sales + Credit sales)
= 3% * (914,000 + 314,000)
= $36,840
c.
Date Account Title Debit Credit
Dec, 31 Bad debt expense $17,520
Allowance for doubtful expense account $17,520
Working
= (8% * Year end accounts receivable) + Debit balance for Allowance for doubtful account
= (8% * 139,000) + 6,400
= $17,520
Which of the following statements about cash versus accrual accounting is most correct? A. In cash accounting, an event is recognized when a cash transaction occurs. B. In accrual accounting, an event is recognized when a cash transaction occurs. C. Most large healthcare organizations use cash accounting because it presents a better picture of the economic status of the organization. D. Most small healthcare organizations use accrual accounting because it closely matches statements required for income tax purposes. E. In cash accounting, an event is recognized when the obligation for a cash transaction is created.
Answer:
In cash accounting, an event is recognized when a cash transaction occurs
Explanation:
Account
This is simply a place to summarize all of the transactions that influence or affect one particular asset, liability, equity, revenue, expense, gain, or loss item.Cash are said to be asset.
Cash Accounting (COST)
This usually show (recognize) revenues and expenses when cash is physically paid or received even if or when transaction do happens. That is it will record only those transactions that affect cash ( only when someone gives or receives cash). It is very common in smaller business and can be a little inaccurate.
Accrual Accounting on the other hand, record revenue when sale is made and not when cash received. It also records expense when they arise and not when they are paid. It links revenues to when they were earned, while expenses when they are incurred. It is very common in bigger business and said to be more accurate indication of performance.
Direct materials purchases are estimated to be $300,000, $360,000 and $450,000 for June, July, and August, respectively. Cash payments are paid such that 60% are paid in the month incurred and 40% are paid in the following month. What are the budgeted cash payments for July and August, respectively
Answer:
$336,000 and $414,000
Explanation:
The computation of the budgeted cash payments for July and August is shown below:
For July month
= 60% of $360,000 (July) = $216,000
And,
= 40% of $300,000(June)
= $120,000
Total = $336,000
For August
= 60% of $450,000(Aug)
= $270,000
And,
= 40% of $360,000(July)
= $144,000
Total = $414,000
Suppose your company is considering exporting to a new market and needs to determine whether it should sell a basic or luxury version of its product there. Data on all of the following EXCEPT _____ would best help answer that question. Group of answer choices per capita GDP general consumption patterns GDP demographic trends
Answer:
whats qustion
Explanation:
Turning down promotion interviews for positions you are not interested in is good policy.
Please select the best answer from the choices provided
OT
F
Answer:
False
Explanation:
The positions which you dont want in an organization but for that you would get the promotion interviews so it is not a good policy as the person have some kind of interest towards his or her work i.e. lacking here. Also without interest the person can provide the satisfaction work to the company
So here in the given situation it is not considered to be a good policy
Therefore the given statement is false
If the direct materials price variance is $500 favorable, and the direct materials quantity variance is $250 unfavorable, the journal entry will include a: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
Answer:
Credit to direct materials price variance
Debit to direct materials quantity variance
Explanation:
Based on the information given in a situation where the direct materials price variance of the amount of $500 is FAVORABLE, and the direct materials quantity variance of the amount of $250 is UNFAVORABLE, the journal entry will include: CREDIT TO DIRECT MATERIALS PRICE VARIANCE and DEBIT TO DIRECT MATERIALS QUANTITY VARIANCE reason been that a variance that is FAVOURABLE are CREDITED while UNFAVORABLE Variance on the other hand are DEBITED.
Therefore The journal entry will include:
Credit to direct materials price variance
Debit to direct materials quantity variance
Which section of a business plan gives details about a business's core products and services?
The
section of a business plan talks about a business's core products and services, and their features and benefits
to the consumers.
Answer:
an executive summary is compelling which reveals the company's mission statement, along with a short description of its products and services. its also good to briefly explain why you're starting your company and include details about your experience in the industry that you're entering
given that x is equals to -2 find the value of y and z for the simultaneous equation x+-z=-1, x-2y+z=-7
Answer:
Explanation:
given
x = - 2
Then
x + ( - z) = - 1
-2 - z = - 1
- z = - 1 + 2
z = - 1
now
x - 2y + z = - 7
- 2 - 2y - 1 = - 7
- 3 - 2y = - 7
- 2y = - 7 + 3
- 2y = - 4
y = 2
hope it helps :)
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Answer:
Explanation:na
True or False: Evaluation of a Request for proposal is based solely on price.
Answer:
false.
Explanation:
u help me i help you
This statement is false because there are many factors to be considered except price while evaluating the proposal.
What factors should keep in mind while evaluating a proposal?Evaluation of a proposal measures the progress of the condition between the project started and when the project was completed. To decide how many changes are required to make it successful.
there are many factors to keep in mind while evaluating a proposal are
Price of the projectCustomer review and preferenceThe competitive environmentThe uniqueness of the proposalTherefore this statement is false.
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Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to calculate Smithson's fixed costs per month. Round your final answer to the nearest dollar. Do not round interim calculations. Cost Machine Hours January $26,000 10,500 February 37,100 17,700 March 29,000 11,500 April 30,900 15,300 a.$9,812 b.$16,680 c.$7,850 d.$31,398
Answer:
Fixed Cost = $9812.499999941 rounded off to $9812
Option A is the correct answer
Explanation:
The high-low method is used to separate the components of a mixed cost and it calculates the variable cost component in a mixed cost. The formula to calculate the variable cost per unit under the high-low method is as follows,
VC/unit = [Highest Activity cost - Lowest Activity Cost] / [Highest Activity units - Lowest Activity units]
VC/unit = [37100 - 26000] / [17700 - 10500]
VC/unit = 1.54166666667 rounded off to $1.54
The total fixed costs will be,
Fixed cost = 37100 - [1.54166666667 * 17700]
Fixed Cost = $9812.499999941 rounded off to $9812
The master budget of Sheridan Company shows that the planned activity level for next year is expected to be 50000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $720000 Machine supplies 180000 Indirect materials 150000 Depreciation on factory building 90000 Total manufacturing overhead $1140000 A flexible budget for a level of activity of 60000 machine hours would show total manufacturing overhead costs of
Answer:
$1,350,000
Explanation:
Calculation to determine the total manufacturing overhead costs
First step is to calculate the Variable overhead
Variable overhead= $720,000 + $180,000 +$150,000
Variable overhead=$1,050,000
Second step is to calculate Unitary variable overhead
Unitary variable overhead= $1,050,000/50,000
Unitary variable overhead= 21
Now let calculate the total manufacturing overhead costs
For 60,000 units:
Total Manufacturing Overhead Costs = 21*60,000 + 90,000
Total Manufacturing Overhead Costs= $1,350,000
Therefore the total manufacturing overhead costs is $1,350,000
Planning goals is a large part of self-management.
Please select the best answer from the choices provided
OT
OF
Answer:
True.
Explanation:
Planning can be defined as the process of developing individual or organizational aims, goals and objectives and translating them into action plans or courses of action.
Goals generally refers to the outcome statements that describe what an individual is hoping to achieve (accomplish), where he or she hopes to be in the nearest future, and the purpose for an action plan.
Planning goals is a large part of self-management because it sets the direction an individual should follow to achieve his or her objectives, mission or plans.
Discovering the process of distribution of commonly used items is quite interesting and opens eyes to several new processes and careers! Your group will be in charge of dissecting the process of distribution related to any of the following items:
*Televisions
*Milk in Cartons
*Laundry Detergent
*Refrigerators
*Lumber
*Pineapples
*Video Games
*Watches
*Coffee
*Shoes
*Football Helmets
*Pencils
Narrow your research by selecting a brand or company that manufactures or distributes one of the products listed above. For example, not all shoes come from the same country, manufacturer, distributor, or are distributed alike. Select a brand of shoes you are familiar with and begin the search. The goal is to trace the process from production to consumer.
Inventory records for Marvin Company revealed the following:
Date Transaction Number
of Units Unit
Cost
Mar. 1 Beginning inventory 990 $7.25
Mar. 10 Purchase 570 7.73
Mar. 16 Purchase 710 8.20
Mar. 23 Purchase 520 8.60
Marvin sold 1,900 units of inventory during the month. Cost of goods sold assuming FIFO would be
Jack wants to build a business with a 42-foot sign on the top of his building. He believes that the sign will generate a lot of business. The city has an ordinance which limits the size of the sign to 30 feet and requires that it be on a sign post, independent of other structures. Jack's attorney tells Jack he had better check with the city before he builds anything. What can Jack do about the sign issue?
Sheridan sells softball equipment. On November 14, they shipped $5000 worth of softball uniforms to Culver Middle School, terms 2/10, n/30. On November 21, they received an order from Douglas High School for $2400 worth of custom printed bats to be produced in December. On November 30, Culver Middle School returned $600 of defective merchandise. Sheridan has received no payments from either school as of month end. What amount will be recognized as accounts receivable, net on the balance sheet as of November 30
Answer:
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Explanation:
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An amount of $4400 will be recognized as accounts receivable, net on the balance sheet as of November 30.
What is accounts receivable?The money that clients owe our business for goods or services for which invoices have been issued is known as accounts receivable. On the balance sheet, current assets are listed as the total amount of all accounts receivable, which includes bills from clients for goods or services provided to them on credit.
First of all, the order received from Douglas High School has not been delivered by the end of November ,hence the value of the order is irrelevant for the purpose of calculating net accounts receivable at the end of November.
However, out of the goods of $5000 sold to Culver Middle School, goods worth $600 has been returned as defective, leaving a balance of $4400 ($5000-$600).
For Culver to be entitled to the discount of 2% they should have made payment by 24th November, which never happened.
Therefore, the balance of accounts receivable will remain at $4400.
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Marigold Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 250 $14 $ 3,500 April 15 purchase 420 17 7,140 April 23 purchase 330 18 5,940 1,000 $16,580 Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted average cost per unit $enter weighted average cost per unit in dollars rounded to 2 decimal places LINK TO TEXT Compute the April 30 inventory and the April cost of goods sold using the average-cost method. (Round answers to 0 decimal places, e.g. 2,760.) Ending inventory $enter the ending inventory in dollars rounded to 0 decimal places Cost of goods sold
Answer:
Marigold Company
Cost of goods sold = $9,119
Ending inventory = $7,461
Explanation:
a) Data and Calculations:
Units Unit Cost Total Cost
April 1 inventory 250 $14 $ 3,500
April 15 purchase 420 17 7,140
April 23 purchase 330 18 5,940
Total 1,000 $16,580
Weighted-average costs $16.58
Sales 550
Cost of goods sold = 550 * $16.58 = $9,119
Ending inventory = 450 * $16.58 = $7,461
b) The first computation is for the total cost of goods available, which is then divided by the total units available for sale. This gives the weighted-average cost per unit. This unit cost is then multiplied with the units of ending inventory and sales to obtain the cost of the ending inventory and the cost of goods sold, respectively.