Question Completion:
During the year ended December 31, 2018, Kelly’s Camera Shop had sales revenue of $210,000, of which $105,000 was on credit. At the start of 2018, Accounts Receivable showed a $12,000 debit balance and the Allowance for Doubtful Accounts showed a $680 credit balance. Collections of accounts receivable during 2018 amounted to $76,000.
Answer:
Kelly's Camera Shop
1. Journal Entries
Debit Accounts Receivable $105,000
Credit Sales Revenue $105,000
To record the sales on credit for the year.
Debit Cash $76,000
Credit Accounts Receivable $76,000
To record the cash collections on account.
Debit Allowance for doubtful accounts $1,900
Credit Accounts Receivable $1,900
To write off a bad debt.
Debit Bad Debt Expense $3,320
Credit Allowance for doubtful accounts $3,320
To record the bad debt expense for the year.
2. Balance Sheet (partial) as of December 31, 2018:
Accounts Receivable $39,100
Less Allowance for
doubtful accounts 2,100
Net Accounts Receivable $37,000
Income Statement:
Bad debt expense $3,320
3. Yes. The 2% is reasonable.
Explanation:
a) Data and Analysis:
T-accounts:
Accounts Receivable
Account Title Debit Credit
Beginning balance $12,000
Sales revenue 105,000
Cash $76,000
Bad Debts written off 1,900
Ending balance 39,100
Totals $117,000 $117,000
Allowance for Doubtful Accounts
Account Title Debit Credit
Beginning balance $680
Bad debts written off $1,900
Bad Debt Expense 3,320
Ending balance 2,100
Total $4,000 $4,000
Analysis of transactions:
Accounts Receivable $105,000 Sales Revenue $105,000
Cash $76,000 Accounts Receivable $76,000
Allowance for doubtful accounts $1,900 Accounts Receivable $1,900
Bad Debt Expense $3,320 Allowance for doubtful accounts $3,320
All of the following statements about comment cards are true except: _________.
a. Often less than 50% of the hotel guests will fill out a comment card.
b. If the process is not well thought out, employees may selectively distribute comment cards to guests they feel will have a positive response.
c. If a comment card is left in a hotel room for customers to fill out, it reflects the opinions of the customers as a whole.
d. Comment cards can be useful in spotting trouble areas.
Answer:
c. If a comment card is left in a hotel room for customers to fill out, it reflects the opinions of the customers as a whole.
Explanation:
Comment cards can be regarded as a brief survey that give room for customers to tell their experience or rate it when they enjoy a service/ goods. It is a way of feedback to Businesses. It should be noted that If a comment card is left in a hotel room for customers to fill out, it reflects the opinions of the customers as a whole.
On January 1, Mitzu Co. pays a lump-sum amount of $2,700,000 for land, Building 1, Building 2, and Land Improvements 1. Building 1 has no value and will be demolished. Building 2 will be an office and is appraised at $660,000, with a useful life of 20 years and a $80,000 salvage value. Land Improvements 1 is valued at $540,000 and is expected to last another 18 years with no salvage value. The land is valued at $1,800,000. The company also incurs the following additional costs. Cost to demolish Building 1 $ 346,400 Cost of additional land grading 187,400 Cost to construct Building 3, having a useful life of 25 years and a $400,000 salvage value 2,242,000 Cost of new Land Improvements 2 having a 20-year useful life and no salvage value 168,000 2. Prepare a single journal entry to record all the incurred costs assuming they are paid in cash on January 1.
Answer:
Land (Dr.) $1,800,000
Land Improvements $540,000
Building 2 $660,000
Building 1 demolish expense $346,400
Land grading expense $187,400
Building 3 construction cost $2,242,000
Land 2 improvement cost $168,000
Cash (Cr.) $22,143,800
Explanation:
Mitzu Co. has paid lump sum amount for 2 buildings and land. The building 1 has no value so its value is considered as zero and all the amount will be attributed to land and building 2. The company has also incurred costs for the demolish of building 1 which will be charged in the books of accounts as one off expense.
Sheffield Corp. is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product is $24 and Sheffield would sell it for $52. The cost to assemble the product is estimated at $15 per unit and the company believes the market would support a price of $64 on the assembled unit. What decision should Sheffield make
Answer:
Sell before assembly, the company will be better off by $3 per unit
Explanation:
the aim of a firm is to maximise profit. The decision the firm would make would be based on the decision that yields the higher profit
Profit = revenue - cost
Profit that would be earned from selling the unassembled unit = $52 - $24 = $28
Profit that would be earned from selling the assembled unit = $64 - ($15 + $24) = 25
The profit from selling the unassembled product is greater than the profit from selling the assembled product by $3. The firm would prefer to sell the unassembled unit
The headquarters, seller, and supplier of the service or method of operation of a franchise is called the: Group of answer choices franchisee franchisor contractee provisioner direct seller
Answer:
franchisor
Explanation:
Franchise is a license consisting of a contractual arrangement between a parent company and another, that allows individuals or an organization access to its knowledge, processes, trademarks in order to provide a service.
One of the main advantages of a franchise is that, franchisers such as McDonald do not require additional capital and development expenses to have their businesses being situated in a foreign market or country, as they only required to issue licenses to franchisors who are interested in being part of their business by paying a fee.
For instance, Mr Biggs could give the authority to an individual or group of people which would enable them to do the same business in another geographical location.
Hence, franchise is a license that allows individuals or group of people knowledge, processes, trademarks to provide a service.
The headquarters, seller, and supplier of the service or method of operation of a franchise is called the franchisor.
The Bello Corporation wishes to accumulate $2,000,000 for plant expansion. The funds are required on January 1, 2026. Bello intends to make five equal annual deposits in a fund that will earn interest at 7% compounded annually. The first deposit is made on January 1, 2021. Present value and future value facts are as follows:Present value of $1 at 7% for 5 periods 0.713Present value of an ordinary annuity of $1 at 7% for 5 periods 4.1Future value of an ordinary annuity of $1 at 7% for 5 periods 5.75Future value of an annuity due of $1 at 7% for 5 periods 6.15What is the amount of the required annual deposit?a. $325,203b. $347,826c. $487,805d. $426,000
Answer:
Option a ($325,203) is the right response.
Explanation:
The given values are:
Required Lump sum amount,
= $2,000,000
Future value of an annuity,
= 6.15
Now,
As we know,
The required amount of annual deposit will be:
= [tex]\frac{Required \ lump \ sum \ amount}{Future \ value \ of \ an \ annuity}[/tex]
On substituting the given values, we get
= [tex]\frac{2,000,000}{6.15}[/tex]
= [tex]325,203.25[/tex]
i.e.,
= [tex]325,203[/tex] ($)
Compare the following sets of message openers. Circle the letter of the opener that illustrates a direct opening. Write an appropriate subject line for each opening paragraph. An e-mail announcing a low-cost day-care program:
a. Employees interested in enrolling their children in our new low-cost day-care program are invited to attend an HR orientation on January 18.
b. For several years we have studied the possibility of offering a day-care option for those employees who are parents. until recently, our management team was unable to agree on the exact parameters of this benefit, but now some of you will be able to take advantage of this option.
Answer:
a. Employees interested in enrolling their children in our new low-cost day-care program are invited to attend an HR orientation on January 18.
Explanation:
Subject line: HR orientation regarding new day-care program.
The problem with message (b) is that it is not direct and includes a lot of information that should go further down the email, not as an opener. Information regarding previous options or how difficult this project do not belong here.
1. Gross domestic product is
a. the total value of all goods produced in a year.
b. the total value of all final goods and services produced in a year.
c. the total value of all services produced in a year.
d. none of the above.
Pharoah Warehouse distributes hardback books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. During the month of June, the following merchandising transactions occurred. June 1 Purchased books on account for $2,490 (including freight) from Catlin Publishers, terms 2/10, n/30. 3 Sold books on account to Garfunkel Bookstore for $1,300. The cost of the merchandise sold was $900. 6 Received $90 credit for books returned to Catlin Publishers. 9 Paid Catlin Publishers in full. 15 Received payment in full from Garfunkel Bookstore. 17 Sold books on account to Bell Tower for $1,400, terms of 2/10, n/30. The cost of the merchandise sold was $800. 20 Purchased books on account for $800 from Priceless Book Publishers, terms 2/15, n/30. 24 Received payment in full, less discount from Bell Tower. 26 Paid Priceless Book Publishers in full. 28 Sold books on account to General Bookstore for $2,650. The cost of the merchandise sold was $850. 30 Granted General Bookstore $260 credit for books returned costing $90. Journalize the transactions for the month of June for Pharoah Warehouse, using a perpetual inventory system.
Answer:
Pharoah Warehouse
Journal Entries:
June 1: Debit Inventory $2,490
Credit Accounts Payable (Catlin Publishers) $2,490
To record the purchase of inventory on account, terms 2/10, n/30.
June 3: Debit Accounts Receivable (Garfunkel Bookstore) $1,300
Credit Sales Revenue $1,300
To record the sale of goods on account with usual credit terms.
Debit Cost of Goods Sold $900
Credit Inventory $900
To record the cost of goods sold.
June 6: Debit Accounts Payable (Catlin Publishers) $90
Credit Inventory $90
To record the return of inventory.
June 9: Debit Accounts Payable (Catlin Publishers) $2,400
Credit Cash $2,352
Credit Cash Discount $48
To record the payment on account.
June 15: Debit Cash $1,300
Credit Accounts Receivable (Garfunkel Bookstore) $1,300
To record the cash collection on account.
June 17: Debit Accounts Receivable (Bell Tower) $1,700
Credit Sales Revenue $1,700
To record the sale of goods on account.
Debit Cost of Goods Sold $800
Credit Inventory $800
To record the cost of goods sold.
June 20: Debit Inventory $800
Credit Accounts Payable (Priceless Book Publishers) $800
To record the purchase of goods on account, terms 2/15, n/30.
June 24: Debit Cash $1,666
Debit Cash Discounts $34
Credit Accounts Receivable (Bell Tower) $1,700
To record the collection of cash on account.
June 26: Debit Accounts Payable (Priceless Book Publishers) $800
Credit Cash $784
Credit Cash Discounts $16
To record payment on account.
June 28: Debit Accounts Receivable (General Bookstore) $2,650
Credit Sales Revenue $2,650
To record the sale of goods on account.
Debit Cost of Goods Sold $850
Credit Inventory $850
To record the cost of goods sold.
June 30: Debit Sales Returns $260
Credit Accounts Receivable (General Bookstore) $260
To record sales returns on account.
Debit Inventory $90
Credit Cost of Goods Sold $90
To record the cost of goods returned by a customer.
Explanation:
a) Data and Analysis:
Credit terms to all customers = 2/10, n/30. This means that 2% discount is granted to customers who pay within 10 days. Customers are expected to settle their accounts within 30 days after which, interest is charged on their accounts.
b) June 1: Inventory $2,490 Accounts Payable (Catlin Publishers) $2,490, terms 2/10, n/30.
June 3: Accounts Receivable (Garfunkel Bookstore) $1,300 Sales Revenue $1,300
Cost of Goods Sold $900 Inventory $900
June 6: Accounts Payable (Catlin Publishers) $90 Inventory $90
June 9: Accounts Payable (Catlin Publishers) $2,400 Cash $2,352 Cash Discount $48
June 15: Cash $1,300 Accounts Receivable (Garfunkel Bookstore) $1,300
June 17: Accounts Receivable (Bell Tower) $1,700 Sales Revenue $1,700
Cost of Goods Sold $800 Inventory $800
June 20: Inventory $800 Accounts Payable (Priceless Book Publishers) $800, terms 2/15, n/30.
June 24: Cash $1,666 Cash Discounts $34 Accounts Receivable (Bell Tower) $1,700
June 26: Accounts Payable (Priceless Book Publishers) $800 Cash $784 Cash Discounts $16
June 28: Accounts Receivable (General Bookstore) $2,650 Sales Revenue $2,650
Cost of Goods Sold $850 Inventory $850
June 30: Sales Returns $260 Accounts Receivable (General Bookstore) $260
Inventory $90 Cost of Goods Sold $90
Check my workCheck My Work button is now enabledItem 3 Sony introduces a new compact music player to compete with Apple's iPod that carries a two-year warranty against manufacturer's defects. Based on industry experience with similar product introductions, warranty costs are expected to be approximately 3% of sales. By the end of the first year of selling the product, total sales are $29.7 million, and actual warranty expenditures are $170,000. What amount (if any) should Sony report as a liability at the end of the year
Answer:
$721,000
Explanation:
The computation of the liability reported is shown below:
= Warranty liability - actual liability
= ($29,700,000 × 3%) - $170,000
= $891,000 - $170,000
= $721,000
We simply deduct the actual liability from the warranty liability so that the liability amount could come
Assume the following information for a company that produced and sold 10,000 units during Year 1. It also produced 15,000 units and sold 12,000 units during Year 2, while producing 12,000 units and selling 15,000 units in year 3. Per Unit Per Year Selling price $ 240 Direct materials $ 85 Direct labor $ 60 Variable manufacturing overhead $ 10 Sales commission $ 11 Fixed manufacturing overhead $ 450,000 Fixed selling and administrative expense $ 150,000 Using absorption costing, what is the unit product cost for the units produced in Year 3
Answer:
$185
Explanation:
Unit Cost - Absorption Costing
Hint : Consider all manufacturing costs
Total unit Cost = $ 85 + $ 60 + $ 10 + $ 450,000/ 15,000 units
= $185
Using absorption costing, the unit product cost for the units produced in Year 3 is $185
A straight-line isoquant A. would indicate that the firm could switch from one output to another costlessly. B. would indicate that the firm could not switch from one output to another. C. would indicate that capital and labor cannot be substituted for each other in production. D. would indicate that capital and labor are perfect substitutes in production.
Answer:
D. would indicate that capital and labor are perfect substitutes in production.
Explanation:
A marginal rate of technical substitution (MRTS) can be defined as an economic principle which is typically used to represent the rate at which a factor such as capital must decrease so that the same level or quantity of production is maintained when another factor such as labor is changed (increased).
An isoquant is the slope of a marginal rate of technical substitution (MRTS) which connects the two input factors provided that the level of output or production is the same.
Also, the diminishing marginal rate of technical substitution refers to the decline (fall) in marginal rate of technical substitution (MRTS) along an isoquant that produces the same quantity (level) of output.
When an isoquant has a diminishing marginal rate of technical substitution, the corresponding isoquants are convex to the origin. Thus, the marginal rate of technical substitution (MRTS) would continue to diminish as more of a factor such as capital is used.
Additionally, the steeper an isoquant the greater is the marginal productivity of labor with respect to marginal productivity of capital.
Hence, a straight-line isoquant would indicate that capital and labor are perfect substitutes in production.
Maryann is planning a wedding anniversary gift of a trip to Hawaii for her husband at the end of 3 years. She will have enough to pay for the trip if she invests $2,500 per year until that anniversary and plans to make her first $2,500 investment on their first anniversary. Assume her investment earns a 4 percent interest rate, how much will she have saved for their trip if the interest is compounded in each of the following ways
Answer:
The answer is "She saves [tex]\$7804[/tex] on the trip".
Explanation:
Please find the complete question in the attached file.
Given:
[tex](P) =\$2500\\\\(n) =3 \ years\\\\(r) = 4\%\\\\ \text{compounding period in year}\ (m) =1\\[/tex]
The formula for Effective annual rate [tex]= ((1+(\frac{r}{m}))^m)-1[/tex]
[tex]=((1+(\frac{4\%}{1}))^1)-1\\\\=((1+(\frac{4}{100}))^1)-1\\\\=((1+0.04)^1)-1\\\\=((1.04)^1)-1\\\\ =1.04-1\\\\ =0.04 \\\\ = 4\%\\\\[/tex]
Its potential value of its rental formula is used to measure the value of the rental at the middle of the 3rd year
The formula for the future annuity [tex]= P\times \frac{(((1+i)^n)-1)}{i}[/tex]
[tex]=2500\times \frac{(((1+0.04)^3)-1)}{0.04}\\\\=2500\times \frac{(((1.04)^3)-1)}{0.04}\\\\=2500\times \frac{(1.124864-1)}{0.04}\\\\=2500\times \frac{0.124864}{0.04}\\\\=2500\times 3.1216\\\\=7804[/tex]
Aerotron Electronics has just bought a used delivery truck for $15,000. The small business paid $1,000 down and financed the rest, with the agreement to pay nothing for the entire first year and then to pay $ 506.83 at the end of each month over years 2, 3, and 4 (first payment is in thirteenth month).
a. What nominal interest rate is Aerotron paying on the loan? %
b. What effective interest rate are they paying? %
c. How much of the fourteenth month's payment is interest? How much is principal? payment interest = $ , and principal = $
d. How much of the eighteenth month's payment is interest? How much is principal? payment interest = $ , and principal = $
e. How much of the twenty-second month's payment is interest? How much is principal? payment interest = $ , and principal= $
Answer:
a) 12.23%
b) 12.94%
c) 14th month payment interest = $157.33
14th month principal = $369.50
d) 18th month payment interest = $142.04
18th month payment interest = $384.79
e) 22nd month payment interest = $126.12
22nd month payment interest = $400.71
Explanation:
price of truck = $15000
down payment = $1000
Loan amount = $14,000
assume monthly interest rate = r%
Loan amount after 1 year will be = 14000 * (1+r%)12
next we will determine the annuity factor = [ (1/r)-[(1/r)*(1/ (1+r)t)] ]
r = periodic interest rate , t = number of payments
monthly loan payment = $14000*(1+r%)12 / [ (1/r)-[(1/r)*(1/ (1+r)36)] ]
hence r = 1.019%
a) nominal interest rate
= 1.019% *12 = 12.23%
b) effective interest rate
= (1+1.019%)^12 -1 = 12.94%
attached below is the Amortization schedule
c) 14th month payment interest = $157.33
14th month principal = $369.50
d) 18th month payment interest = $142.04
18th month payment interest = $384.79
e) 22nd month payment interest = $126.12
22nd month payment interest = $400.71
Equivalent units, zero beginning inventory. Candid, Inc. is a manufacturer of digital cameras. It has two departments: assembly and testing. In January 2017, the company incurred $800,000 on direct materials and $805,000 on conversion costs, for a total manufacturing cost of $1,605,000. 1. Assume there was no beginning inventory of any kind on January 1, 2017. During January, 5,000 cameras were placed into production and all 5,000 were fully completed at the end of the month. What is the unit cost of an assembled camera in January
Answer:
$321
Explanation:
Given that;
Direct materials = $800,000
Conversion cost = $805,000
Total manufacturing cost = $1,605,000
Units produced = 5,000
We will get the unit cost by dividing the total cost with the number of units produced.
Therefore,
Units cost = Total cost / Number of units
Unit cost = $1,605,000 / 5,000
Unit cost = $321
Ted is an agent for Waxwing Corporation, an airliner manufacturer, and is negotiating a sale with a representative of the U.S. government and with a representative of a developing country. Waxwing has sufficient capacity to handle only one of the orders. Both orders will have the same contract price. Ted believes that if Waxwing will authorize a $500,000 payment to the representative of the foreign country, he can guarantee the sale. He is not sure that he can obtain the same result with the U.S. government. Identify the relevant tax issues for Waxwing. Discuss why they could or should influence Waxwing's decision.
Answer:
The Non-deductible amount of $500,000 paid to the representative of a developing country and the qualification for a 9% deduction will influence the decision of Waxwing and they will choose to do business with the US government
Explanation:
The payment of $500,000 to the representative of a developing country in order to Guarantee sales to the country is illegal and will be considered as a bribe. and any money paid as a bribe or a kickback to an employee or representative of a country it is not deductible
secondly If waxwing goes into contract with the US government they will qualify for a 9% deduction under the Domestic production activities deduction
The Non-deductible amount of $500,000 paid to the representative of a developing country and the qualification for a 9% deduction will influence the decision of Waxwing and they will choose to do business with the US government
Mayeux Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity-based costing system:
Costs:
Wages and salaries $320,000
Depreciation 160,000
Utilities 240,000
Total $720,000
Distribution of resource consumption:
Activity Cost Pools
Assembly Setting Up Other Total
Wages and salaries 50% 40% 10% 100%
Depreciation 10% 55% 35% 100%
Utilities 15% 50% 35% 100%
How much cost, in total, would be allocated in the first-stage allocation to the Setting Up activity cost pool?
A) $360,000.
B) $336,000.
C) $288,000.
D) $348,000.
Answer:
B) $336,000
Explanation:
Calculating cost to be allocated in the first-stage allocation to the Setting Up activity cost pool
Setting up Amount
Wages and salaries $128,000 [$320,000*40%]
Depreciation $88,000 [$160,000*55%]
Utilities $120,000 [$240,000*50%}
Total $336,000
In the trading of a security, the dealer's spread refers to _____. a. the sum of the bid and asked prices of a security, which represents the dealer's markup, or profit from a security transaction b. the difference between the bid and asked prices of a security, which represents the dealer's expenses from a security transaction c. the sum of the bid and asked prices of a security, which represents the dealer's revenue from a security transaction d. the difference between the bid and asked prices of a security, which represents the dealer's markup, or profit from a security transaction e. the ratio of the bid price of a security to its asked price, which represents the dealer's markup, or profit from a security transaction
Answer:
d. the difference between the bid and asked prices of a security, which represents the dealer's markup, or profit from a security transaction.
Explanation:
CAPM is an acronym for capital asset pricing model. The capital asset pricing model (CAPM) can be defined as a model or formula that can be used to calculate an investment risk and the expected return on an investment (assets).
Simply stated, the capital asset pricing model gives an investor the relationship between the risk of investing in securities and its expected returns. Thus, it assists investors in making well-informed decisions about whether or not to add to a portfolio.
Additionally, the expected return could be either a profit or loss depending on the risks associated with the securities.
Mathematically, the CAPM is given by this formula;
R_{a} = R_{rf} + \beta_{a} * (R_{m} - R_{rf})
Where;
R_{a} = Expected return on a security
R_{rf} = Risk-free rate
\beta_{a} = beta of the security
R_{m} = Expected return of the market
(R_{m} - R_{rf}) = Equity market premium
In the trading of a security, the dealer's spread refers to the difference between the bid and asked prices of a security, which represents the dealer's markup, or profit from a security transaction.
Simply stated, the bid-ask spread refers to the amount by which the bid price by a dealer is lower than the ask-price for a security or an asset in the market at a specific period of time.
The bid-ask spread exists because of the need for dealers to cover expenses and make a profit. A bid-ask spread is use in the transaction of the following items; options, future contracts, stocks, and currency pairs.
Generally, a dealer who is willing to sell an asset or securities would receive a bid price while the price at which the dealer is willing to sell his asset to another dealer (buyer) is the ask price.
The presence of media hubs, coalitions focusing on specific environmental challenges, and headquarters for multinational corporations in major cities help explain how such cities... *
Answer: B
Explanation: Are linked globally in ways that transcend national political boundaries
Answer:b
Explanation:
What effect did Law’s actions have on France?
Answer:
Law's actions halted the financial development of France and caused a steep rise in inflation 3. Why was gold and silver important? Paper money had lost its value, but gold and silver could not be duplicated and therefore maintained its rarity and holding its value.
Explanation:
pls mark brainliest :)
Answer: the financial development of France and caused a steep rise in inflation
Explanation:
Creating a Multimedia Presentation to Demonstrate Knowledge of Agriculture, Food, and Natural Resource Careers For this assignment, you will create a multimedia presentation on Agriculture, Food,
and Natural Resources tasks and work environments to demonstrate understanding
of these careers.
Useful references for gathering this information will be listed at the end of this
document. Your presentation should include a title slide, thirteen slides representing
tasks and work environments for specific Agriculture, Food, and Natural Resource
careers, and a works cited slide.
Assignment Instructions
Step 1: Gather materials and necessary information.
a) Use resources listed at the end of this document to create your multimedia
presentation for Agriculture, Food, and Natural Resource careers.
b) Be sure to keep a list of your references so you can cite them later.
c) Ask your teacher where you should save your presentation as you work on it.
Your teacher may also have specific guidelines about the file name you
should use.
Step 2: Create your title slide.
a) Begin by creating the title slide. On this slide, include the title of your
presentation, your name, your teacher’s name, and the due date of the presentation.b) Remember to save your work as you go.
Step 3: Provide information for Farmworkers and Laborers, Crop careers.
a) Create a slide titled Common Tasks for Farmworkers and Laborers, Crop.
b) Create a bulleted list describing four tasks for Farmworkers and Laborers, Crop
that are listed as common tasks on the O*NET site. Add a picture of at least one of
these tasks to the slide.
c) Create a slide titled Common Work Activities for Farmworkers and
Laborers, Crop.
d) Create a bulleted list describing four work activities for Farmworkers and Laborers,
Crop that are listed as common work activities on the O*NET site. Add a picture of
at least one of these work activities to the slide.
e) Create a slide titled Common Work Contexts for Farmworkers and
Laborers, Crop.
f) Create a bulleted list describing work contexts for Farmworkers and Laborers,
Crop that are listed as common work contexts on the O*NET site. Add a picture of
at least one of these common work contexts to the slide.
Step 4: Provide information for Forester careers.
a) Create a slide titled Common Tasks for Foresters.
b) Create a bulleted list describing four tasks for Foresters that are listed as common
tasks on the O*NET site. Add a picture of at least one of these tasks to the slide.
c) Create a slide titled Common Work Activities for Foresters.
d) Create a bulleted list describing four work activities for Foresters that are listed as
common work activities on the O*NET site. Add a picture of at least one of these
work activities to the slide.
e) Create a slide titled Common Work Contexts for Foresters.
f) Create a bulleted list describing work contexts for Foresters that are listed as
common work contexts on the O*NET site. Add a picture of at least one of these
common work contexts to the slide.
Step 5: Provide information for Nursery and Greenhouse Managers.
a) Create a slide titled Common Tasks for Nursery and Greenhouse Managers.
Answer:
Create a bulleted list describing four tasks for Farmworkers and Laborers, Crop that are listed as
common tasks on the O*NET site.
• Harvest plants, and transplant or pot label them.
• Harvest fruits and vegetables by hand.
• Set up and operate irrigation equipment.
Create a bulleted list describing four work activities for Farmworkers and Laborers, Crop that are listed
as common work activities on the O*NET site.
the slide.
• Handling and moving objects.
• Preforming general physical activities.
• Getting information.
• Identifying objects, actions, and events.
Create a bulleted list describing work contexts for Farmworkers and Laborers, Crop that are listed as
common work contexts on the O*NET site.
to the slide.
• Spend Time Using Your Hands to Handle, Control, or Feel Objects, Tools, or
Controls
• Face-to-Face Discussions
• Outdoors, Exposed to Weather
• Spend Time Standing
Common Tasks for Foresters
Create a bulleted list describing four tasks for Foresters that are listed as common tasks on the O*NET
site.
• Monitor contract compliance and results of forestry activities to assure adherence to
government regulations.
• Plan and supervise forestry projects, such as determining the type, number and
placement of trees to be planted, managing tree nurseries, thinning forest and
monitoring growth of new seedlings.
• Establish short- and long-term plans for management of forest lands and forest
resources.
• Determine methods of cutting and removing timber with minimum waste and
environmental damage.
Create a bulleted list describing four work activities for Foresters that are listed as common work
activities on the O*NET site.
• Getting Information
• Identifying Objects, Actions, and Events
• Organizing, Planning, and Prioritizing Work
• Communicating with Supervisors, Peers, or Subordinates
Common Work Contexts for Foresters
Create a bulleted list describing work contexts for Foresters that are listed as common work contexts on
the O*NET site.
• Electronic Mail
• Face-to-Face Discussions
• Telephone
• Freedom to Make Decisions
Common Tasks for Nursery and Greenhouse Managers
Create a bulleted list describing four tasks for Nursery and Greenhouse Managers that are listed as
common tasks on the O*NET site.
• Collect and record growth, production, and environmental data.
• Manage nurseries that grow horticultural plants for sale to trade or retail customers, for
display or exhibition, or for research.
• Direct and monitor trapping and spawning of fish, egg incubation, and fry rearing,
applying knowledge of management and fish culturing techniques.
• Direct and monitor the transfer of mature fish to lakes, ponds, streams, or commercial
tanks
Common Work Activities for Nursery and Greenhouse Managers
Create a bulleted list describing four work activities for Nursery and Greenhouse Managers that are
listed as common work activities on the O*NET site.
to the slide.
• Making Decisions and Solving Problems
• Organizing, Planning, and Prioritizing Work
• Communicating with Supervisors, Peers, or Subordinates
• Scheduling Work and Activities
Common Work Contexts for Nursery and Greenhouse Managers
Create a bulleted list describing work contexts for Nursery and Greenhouse Managers that are listed as
common work contexts on the O*NET site.
to the slide.
• Face-to-Face Discussions
• Outdoors, Exposed to Weather
• Freedom to Make Decisions
• Structured versus Unstructured Work
Veterinarians
Create a bulleted list describing four tasks for Veterinarians that are listed as common tasks on the
O*NET site.
• Treat sick or injured animals by prescribing medication, setting bones, dressing wounds,
or performing surgery.
• Inoculate animals against various diseases, such as rabies or distemper.
• Examine animals to detect and determine the nature of diseases or injuries.
• Collect body tissue, feces, blood, urine, or other body fluids for examination and
analysis.
Create a bulleted list describing four work activities for Veterinarians that are listed as common work
activities on the O*NET site.
• Making Decisions and Solving Problems
• Getting Information.
• Updating and Using Relevant Knowledge
• Identifying Objects, Actions, and Events
Common Work Contexts for Veterinarians
Create a bulleted list describing work contexts for Veterinarians that are listed as common work
contexts on the O*NET site.
• Face-to-Face Discussions
• Telephone
• Indoors, Environmentally Controlled
• Contact with others
Explanation: hope this helps this is what I got
Answer:
“Architecture and Construction Workplaces and Tasks”
Four tasks for Farm workers and Laborers
• Harvest plants, and transplant or pot label them.
• Harvest fruits and vegetables by hand.
• Set up and operate irrigation equipment.
Four work activities for Farm workers and Laborers
• Handling and moving objects.
• Performing general physical activities.
• Getting information.
• Identifying objects, actions, and events.
Work contexts for Farm workers and Laborers
• Spend Time Using Your Hands to Handle, Control, or Feel Objects, Tools, or
Controls
• Face-to-Face Discussions
• Outdoors, Exposed to Weather
• Spend Time Standing
Common Tasks for Foresters
Four tasks for Foresters
• Monitor contract compliance and results of forestry activities to assure adherence to government regulations.
• Plan and supervise forestry projects, such as determining the type, number and
placement of trees to be planted, managing tree nurseries, thinning forest and
monitoring growth of new seedlings.
• Establish short- and long-term plans for management of forest lands and forest
resources.
• Determine methods of cutting and removing timber with minimum waste and
environmental damage.
Four work activities for Foresters
• Getting Information
• Identifying Objects, Actions, and Events
• Organizing, Planning, and Prioritizing Work
• Communicating with Supervisors, Peers, or Subordinates
Common Work Contexts for Foresters
Work contexts for Foresters
• Electronic Mail
• Face-to-Face Discussions
• Telephone
• Freedom to Make Decisions
Common Tasks for Nursery and Greenhouse Managers
Four tasks for Nursery and Greenhouse Managers
• Collect and record growth, production, and environmental data.
• Manage nurseries that grow horticultural plants for sale to trade or retail customers, for
display or exhibition, or for research.
• Direct and monitor trapping and spawning of fish, egg incubation, and fry rearing,
applying knowledge of management and fish culturing techniques.
• Direct and monitor the transfer of mature fish to lakes, ponds, streams, or commercial
tanks
Common Work Activities for Nursery and Greenhouse Managers
Four work activities for Nursery and Greenhouse Managers
• Making Decisions and Solving Problems
• Organizing, Planning, and Prioritizing Work
• Communicating with Supervisors, Peers, or Subordinates
• Scheduling Work and Activities
Common Work Contexts for Nursery and Greenhouse Managers
Work contexts for Nursery and Greenhouse Managers
• Face-to-Face Discussions
• Outdoors, Exposed to Weather
• Freedom to Make Decisions
• Structured versus Unstructured Work
Veterinarians
Four tasks for Veterinarians
• Treat sick or injured animals by prescribing medication, setting bones, dressing wounds,
or performing surgery.
• Inoculate animals against various diseases, such as rabies or distemper.
• Examine animals to detect and determine the nature of diseases or injuries.
• Collect body tissue, feces, blood, urine, or other body fluids for examination and
analysis.
Work activities for Veterinarians
• Making Decisions and Solving Problems
• Getting Information.
• Updating and Using Relevant Knowledge
• Identifying Objects, Actions, and Events
Common Work Contexts for Veterinarians
Work contexts for Veterinarians
• Face-to-Face Discussions
• Telephone
• Indoors, Environmentally Controlled
• Contact with others
Explanation:
this is exactly what i turned in !!!! hope it helps
Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.)
GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31
Current Year Prior Year
Sales $740,000 $625,000
Cost of goods sold 560,300 290,800
Gross profit 179,700 334,200
Operating expenses 128,200 218,500
Net income $51,500 $115,700
Required:
Using the common-size percentages, which item is most responsible for the decline in net income?
Answer: Cost of Goods sold
Explanation:
Common size analysis refers to making all entries in the income statement, a percentage of sales for that year.
Current Year Prior Year
Sales 100% 100%
Cost of Goods sold 75.7% 46.5%
Gross Profit 24.3% 53.5%
Operating expenses 17.3% 35%
Net Income 7.0% 18.5%
Looking at the percentages above, one can see that the COGS increased the most from the previous year by going from 46.5% to 75.7% representing an increase of 29.2%.
This had the most impact on Net income as it substantially reduced Gross profit.
Bob newsome purchased 250 shares of the new horizons growth fund. the purchase cost for each share at the time of purchase was $30. if this fund charges a 3 percent load, what is the commission amount he will pay the investment company?
Answer:
$225
Explanation:
Calculation for the commission amount he will pay the investment company
Commission amount= 250 shares x $30 x .03
Commission amount= $225
Therefore the commission amount he will pay the investment company is $225
Sundance Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labor hours in Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows: Factory 1 Factory 2 Estimated factory overhead cost for fiscal year beginning March 1 $1,442,000 $912,600 Estimated direct labor hours for year 25,350 Estimated machine hours for year 51,500 Actual factory overhead costs for March $115,110 $103,210 Actual direct labor hours for March 2,820 Actual machine hours for March 4,160 Required: a. Determine the factory overhead rate for Factory 1. b. Determine the factory overhead rate for Factory 2. c. Journalize the Mar. 31 entries to apply factory overhead to production in each factory. Refer to the chart of accounts for the exact wording of the account titles. d. Determine the balances of the factory overhead accounts for each factory as of March 31, and indicate whether the amounts represent overapplied factory overhead or underapplied factory overhead.
Answer:
See below
Explanation:
Application overheads = Predetermined overheads × actual activity
Where
Predetermined overheads rate = Estimated overheads / estimated activity
Factory 1
Overheads are applied on the basis of machine hours
Predetermined overhead rate = $1,442,000/51,500 = $28
Therefore, application overhead = 4,160 × $28 = $116,480
Factory 2
Overheads are applied on the basis of direct labor hours
Predetermined overhead rate = $912,600/25,350 = $36
Application overhead = 2,820 × $36 = $101,520
Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales information for this year follows. Manufacturing costs Direct materials $ 35 per unit Direct labor $ 55 per unit Overhead costs Variable $ 40 per unit Fixed $ 6,600,000 (per year) Selling and administrative costs for the year Variable $ 725,000 Fixed $ 4,250,000 Production and sales for the year Units produced 110,000 units Units sold 80,000 units Sales price per unit $ 350 per unit 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing
Answer:
Results are below.
Explanation:
Absorption vs Variable costing method
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
1) First, we need to calculate the total unitary variable cost:
Unitary production variable cost= 35 + 55 + 40= $130
Selling and administrative costs for the year Variable $ 725,000
Unitary total variable cost= 130 + (725,000 / 80,000)= $139.06
Now, the variable income statement:
Sales= 80,000*350= 28,000,000
Total variable cost= (80,000*139.06)=(11,124,800)
Total contribution margin= 16,875,200
Fixed overhead= (6,600,000)
Fixed Selling and administrative costs = (4,250,000)
Net operating income= 6,025,200
2) First, we need to calculate the unitary production cost:
Unitary production cost= 130 + (6,600,000/110,000)= $190
Now, the absorption costing income statement:
Sales= 28,000,000
COGS= 80,000*190= (15,200,000)
Gross profit= 12,800,000
Total Selling and administrative costs= (725,000 + 4,250,000)= (4,975,000)
Net operating income= 7,825,000
An environmental soil cleaning company received a contract to remove BTEX contamination from an oil company tank farm site. The contract required the soil cleaning company to provide quarterly invoices for materials and services provided. If the material costs were $140,000 per quarter and the service charges were calculated as an additional 20% of the material costs, what is the present worth of the contract through the 3-year treatment period at an interest rate of 1% per month
Susan Barnes is a self-employed consultant. She travels to Chicago on June 30th for business purposes. She attends business meeting on July 1st and 2nd. She takes personal time on the 3rd and 4th of July. On the 5th of July, she returns home. She incurs the following expenses: Flight charge: $480 Lodging: $200 per day for June 30th, July 1st, July 2nd, July 3rd, and July 4th. Meals: 6/30: $40; 7/1: $70; 7/2: $70; 7/3: $70; 7/4: $70; 7/5: $40 What is Susan total deductible business expense for travel
Answer:
Susan Barnes
Total deductible business expenses:
= $1,300.
Explanation:
a) Data and Calculations:
Dates for business meetings = July 1st and 2nd
Flight charge = $480
Lodging for 3 days = $600 ($200 *3)
Meals for 3 days:
6/30: $40;
7/1: $70;
7/2: $70
7/5: $40
Total for meals = $220
Total business expense = $1,300 ($480 + $600 + $220)
b) According to the IRS (Internal Revenue Service), business expenses have been defined as any expenses that are "helpful and appropriate" for a business. This definition excludes lodging and meal expenses incurred by Susan on July 3rd and July 4th, when she takes personal time.
The accounting records of Falcon Company revealed the following information: Raw materials used $ 73,000 Direct labor 138,000 Manufacturing overhead 373,000 Work-in-process inventory, 1/1 63,000 Finished-goods inventory, 1/1 202,000 Work-in-process inventory, 12/31 89,000 Finished-goods inventory, 12/31 153,000 Falcon's cost of goods manufactured is:
Answer:
the cost of goods manufactured is $558,000
Explanation:
The computation of the cost of goods manufactured is shown below:
= Opening work in process + raw material used + direct labor + manufacturing overhead - ending work in process
= $63,000 + $73,000 + $138,000 + $373,000 - $89,000
= $558,000
Hence, the cost of goods manufactured is $558,000
Reconciliation of pretax accounting income and taxable income: Pretax accounting income $ 179,000 Permanent differences (16,100 ) 162,900 Temporary difference-depreciation (11,100 ) Taxable income $ 151,800 Cumulative future taxable amounts all from depreciation temporary differences: As of December 31, 2020 $ 14,000 As of December 31, 2021 $ 25,100 The enacted tax rate was 27% for 2020 and thereafter. What should Kent report as the current portion of its income tax expense in the year 2021
Answer:
the current portion of the income tax expense is $40,986
Explanation:
The computation of the current portion of the income tax expense is shown below:
= Taxable income × enacted tax rate
= $151,800 × 27%
= $40,986
hence the current portion of the income tax expense is $40,986
We simply applied the above formula
Explain the percentage distribution in statistics
Answer:
The percentage distribution is a statistical distribution of relative frequency, in which the relative frenquencies are percentages over the total number of data, that in this case is equal to 100%.
In order to create a percentage distribution chart, we group the data into classes, and then, we count the number of times the elements of the class appear in the sample, finally, we convert this number into a percentage.
Given the following information, how much cash is collected in February? January Total Sales = $500,000 February Total Sales = $400,000 Assumptions for the budget: • 20 percent is collected in the month of sales • 75 percent is collected in the next month • 2 percent is taken as a cash discount • 3 percent will not be collected because accounts are written off as bad deb
Answer:
$455,000
Explanation:
Calculation to determine how much cash is collected in February
Cash collected in February=($500,000 x.75 )+ ($400,000 x.20)
Cash collected in February=$375,000+$80,000
Cash collected in February= $455,000
Therefore The amount of Cash collected in February is $455,000