Answer:
1. $400,000
2. $140,000
3. $56,000
4. $84,000
Explanation:
1. Budgeted gross profit = Budgeted sales - Budgeted COG sold
where, Budgeted COG sold = $480,000 + $60,000 - $40,000 = $500,000
By putting the value, we get
Budgeted gross profit = $900,000 - $500,000
= $400,000
2. Budgeted income before taxes = Budgeted gross profit - selling and administrative expenses - interest expense
= $400,000 - $250,000 - $10,000
= $140,000
3. Budgeted income tax = Budgeted income before taxes × tax rate
= $140,000 × 40%
= $56,000
4. Budgeted net income = Budgeted income before taxes - Budgeted income tax
= $140,000 - $56,000
= $84,000
29. What happens as production of one item switches to the production of another item?
a. The cost of production stays the same.
b. The cost of production decreases.
Land costs rise more than labor costs.
d. More resources are needed.
c.
Answer:
I believe the answer is A
Explanation:
Harry and Hanson were partners in a firm sharing profits and losses in the ratio 3:2. Their capital was $300,000 and $150,000 respectively and they were entitled to interest on capital of 25% per annum. At the end of the firm's financial year December 31, 2019, the firm earned profit of $180,000 after allowing for interest on capital. Given this information, the profits that will be distributed among the partners will be:
Answer:
JOURNAL
1. Cash a/c... Dr. 350000
To C's Capital a/c 200000
To Premium for Goodwill a/c 150000
(Being capital and premium for goodwill brought in by C)
2. Premium for Goodwill a/c... Dr. 150000
To A's Capital a/c 110000
To B's Capital a/c 40000
(Being premium for goodwill distributed among the partners in the ratio of 11:4)
3. A's Capital a/c.... Dr. 55000
B's Capital a/c.... Dr. 20000
To Cash a/c 75000
(Being half of the premium for goodwill withdrawn by the partners)
Calculation of sacrificing ratio:
A's sacrifice= 3/5- 2/7= 11/35
B's sacrifice= 2/5- 2/7= 4/35
Sacrificing ratio= 11:4
Based on the information given the profits that will be distributed among the partners will be: Harry $108,000; Hanson $72,000.
Given:
Profits and losses sharing ratio=3:2
Profit earned=$180,000
Hence:
Profit sharing
Harry Profit=3/(3+2)×$180,000
Harry Profit=3/5×$180,000
Harry Profit=$108,000
Hanson Profit=2/(3+2)×$180,000
Hanson Profit=2/5×$180,000
Hanson Profit=$72,000
Inconclusion the profits that will be distributed among the partners will be: Harry $108,000; Hanson $72,000.
Learn more here: https://brainly.com/question/17237029
Imagine that you earned $14,425 in one year. If the government enforces a
15% income tax, how much money would you owe in taxes at the end of the
year? Show your work.
Answer:
you would owe 2163.75 in taxes
Explanation:
Answer:
$2,163.75
Explanation:
The way to solve this multiply 14425 by the decimal form of 15%.
You always move it two to the left.
So 0.15
Then multiply
14425 • 0.15
2163.75
So you would owe $2,163.75
Hope this helps
To all the people who wacth Mha, whats your fav thing about it?
Answer:
the character development is so god tier
Explanation:
3M allows employees to spend 15% of their working time on projects that they feel passionate about. Sometimes there is more interest than roles to play on the respective project teams. If, as a manager of one of these special teams, you chose to make volunteers compete for the right to work on your team, which conflict management approach would you be using
Answer:
Stimulating conflict
Explanation:
The stimulating conflict would measures the new goals search and it would be lead to innovation. Also it would increase the members bonding.
Since in the given situation the manager would select the volunteers in order to compete for the correct work that would stimulate the group bonding because of the same interest also it would rise the volunteers efficiency
Hence, it is used stimulating conflict
Although today’s Modern economy looks much different compared to our earlier Colonial and Civil War-era economies, what similarities do you still see in terms of trade partners, use of environmental resources, government regulation, and type of goods/products sold?
The correct answer to this open question is the following.
Although there are no options attached we can say the following.
Although today’s Modern economy looks much different compared to our earlier Colonial and Civil War-era economies, the similarities I still see in terms of trade partners, use of environmental resources, government regulation, and type of goods/products sold are the following.
Businesses are still business no matter the time in history. They are created to make profits.
Businessmen are greedy most of the time, like in the past. Any other consideration that does not directly affect the balance sheet or the bottom line, is not considered a priority and takes the back seat when business decisions are made.
This can be shown in politics, in the economy, and in business. Of course, this can be seen in trade and in foreign affairs.
Social costs should be important but are more on the side of the ethics of the managers or leaders of the organizations. And ethics and moral values are not a prominent thing to be considered in the decision-making process of modern corporations.
To this day, businesses are driven by money, power, and control, and these have been teh causes of major differences between companies, states, individuals, and countries.
Which of the following statements is correct about planning a successful conversion to Lean/Just-in-time operations. Multiple choice question. Management and employees must be convinced of benefit and receive training prior to conversion to avoid obstacles. Conversion should be accomplished quickly, not gradually, to realize the maximum benefit. When converting a production line, begin at the start and progress to the end of the line. Vendors should be converted to JIT delivering first, before implementing in the Buyer's organization.
Answer:
Management and employees must be convinced of benefit and receive training prior to conversion to avoid obstacles.
Explanation:
A lean business is a business concept used by organizations to eliminate waste and maximize value for growth and development. The lean business concept include the following;
I. A total quality management (TQM): it is a management framework that is focused on achieving long-term success through the satisfaction of your customers by the efforts of all the member of staff in an organization.
II. A continuous improvement (CI): it is a management technique that is focused on improving manufacturing processes, products and services through the elimination of redundancy and time-wasting activities in an organization.
III. Just-in-time (JIT): it is a management framework that is focused on cutting manufacturing costs and increase efficiency between suppliers and consumers through the use of a proper inventory system.
Additionally, lean production is a manufacturing methodology that is focused on integrating activities that are designed to provide massive quantity with high quality production using minimal resources, raw materials, finished products and work-in-process features.
This ultimately implies that, lean production is basically a supply management process aimed at elimination of waste as much as possible and it requires a mutual agreement between the management and employees, as well as proper training of the employees (workers) before implementing the conversion.
Hence, the statement which is correct about planning a successful conversion to Lean/Just-in-time operations is that both management and employees must be convinced of benefit and receive training prior to conversion to avoid obstacles.
On January 1, Year 1, Can Corporation distributed Sec. 1231 land with a market value of $300,000 and an adjusted basis of $205,000 under a plan of partial liquidation under the Sec. 302(b)(4) rules. The distribution was made to individual shareholder Clem, who had owned 40% of Can since it was founded. Clem’s stock interest redeemed in the partial liquidation had a basis of $140,000. What are the amount and the character of gain/loss that Can should recognize on the distribution?
Answer:
1231 gain of $95,000
Explanation:
Calculation to determine the amount and the character of gain/loss that Can should recognize on the distribution
Using this formula
Amount of gain/loss =Market value of land -Adjusted basis
Let plug in the formula
Amount of gain/loss= ($300,000 - $205,000).
Amount of gain/loss=1231 gain of $95,000
Therefore the amount and the character of gain/loss that Can should recognize on the distribution will be 1231 gain of the amount of $95,000
Whether speech is going to be delivered before one or one hundred people, the speaker should:
a.
Concentrate on getting everything out quickly
b.
Imitate the mannerisms of great speakers
c.
Prepare their thoughts in advance
d.
Use their biggest vocabulary to sound educated
Answer:
C). Prepare their thoughts in advance.
Explanation:
A speaker aims to serve a specific purpose through his/her speech(to inform, to entertain, to convince, to motivate, etc.). In order to serve this purpose effectively by the end of the speech, it is very crucial to 'prepare the thoughts that the speaker wishes to convey in advance' as it helps him/her in organizing the thoughts in a logical order to ensure its efficacy. It also assists in analyzing whether the thoughts get along with each other and also keeps room for creativity which can enhance its impact and make the purpose more successful. Thus, be it one or one hundred people, it is important for a speech to be prepared in advance and hence, option C is the correct answer.
Answer:
C). Prepare their thoughts in advance.
Explanation:
e d g e
Generational accounting: Select one: a. is a method of assessing the impact of fiscal policy lags from one generation to another. b. measures the number of generations it takes to pay off the national debt at a given point in time. c. evaluates the impact of current fiscal policies on different generations in the economy, including future generations. d. is an accounting method that defers to the future, the cost of any government policy the rewards of which will be reaped in the future.
Answer:
c. evaluates the impact of current fiscal policies on different generations in the economy, including future generations.
Explanation:
Generational accounting would be classified as a forecasting method that deals how the present fiscal policies would affect the future generations.
Also at the same time it would evaluate the affect related to the present fiscal policies for various generations in the economy
Therefore the option c is correct
And, the rest of the options would be incorrect
Why are performance reviews important to workers and employers?
Experience indicates that strategic alliances Multiple Choice are generally successful. work well in cooperatively developing new technologies and new products but seldom work well in promoting greater supply chain efficiency. work best when they are aimed at achieving a mutually beneficial competitive advantage for the allies. stand a reasonable chance of helping a company reduce competitive disadvantage but very rarely form the basis of a durable competitive advantage over rivals.
Answer:
stand a reasonable chance of helping a company reduce competitive disadvantage, but very rarely form the basis of a durable competitive advantage over rivals
Explanation:
Of course, a rival company is free and could also make its own strategic alliance. Hence, there is no durability in competitive advantage (ca) if a company based its hope on only forming strategic alliances.
For example, an older company that partners with a new transport/logistics company in order to reduce its cost of transportation (thereby assuming to increase ca), while also increasing the brand awareness of the logistics may be shocked when its major does a similar partnership with another logistics firm.
A seller put her house and lot on the market for $200,000. After receiving several offers within $5,000 of her asking price, the seller entered into a contract to sell the house and lot to a buyer for $200,000. The contract provided that the buyer put up $4,000 in earnest money, which the seller could treat as liquidated damages unless: The seller fails to tender marketable title to the buyer by the agreed-upon closing date, the seller commits a material breach of this contract, or the buyer dies prior to the closing date, in which case the earnest money shall be reimbursed to the buyer's estate. The contract was signed on July 24, and the closing date was set for September 12. On August 5, the buyer was seriously injured in an accident. On September 10, the buyer was released from the hospital in a wheelchair. He determined that a ranch-style house would make his life much more bearable, but the seller's home was two stories. The buyer asked the seller to cancel the contract and to refund the $4,000 earnest money. The seller refused. The buyer did not appear on the closing date. On September 16, the seller contracted to sell the home to a purchaser for $198,000. The closing occurred as planned on October 20. The buyer files suit against the seller, praying for a refund of the $4,000 earnest money. How much is the buyer likely to recover
Answer:
$0
Explanation:
Both the buyer and seller agreed upon the amount that would be deposited as earnest money and what would happen to it in case the sale wasn't closed. The amount is not unreasonably large compared to the purchase price (2% only) and that represents a fair amount for the damages suffered by the seller. The seller is not responsible for the things that happened to the buyer.
The Corbit Corp. sold merchandise for $10,000 cash. The cost of the goods sold was $7,590. The journal entries to record this transaction under the perpetual inventory system would be
a.
Cash 10,000
Sales 10,000
Cost of Goods Sold 7,590
Inventory 7,590
b.
Cash 7,590
Sales 7,590
Cost of Goods Sold 7,590
Inventory 7,590
c.
Cash 10,000
Sales 10,000
Cost of Goods Sold 10,000
Inventory 10,000
d.
Cash 10,000
Inventory 10,000
Cost of Goods Sold 7,590
Sales 7,590
Answer:
a. Cash 10,000
Sales 10,000
Cost of Goods Sold 7,590
Inventory 7,590
Explanation:
Based on the information given if the company
sold merchandise for the amount of $10,000 cash in which The cost of the merchandise sold was the amount of $7,590. The appropriate journal entries to record this transaction under the perpetual inventory system would be to Debit Cash for $10,000; Credit Sales for $10,000 and to Dr Cost of Goods Sold for $7,590; Credit Inventory for $7,590.
Dr Cash 10,000
Cr Sales 10,000
Dr Cost of Goods Sold 7,590
Cr Inventory 7,590
What are the causes of corruption and fraud in the public sector
Answer: All before-mentioned forms of corruption occur in the public sector, including bribery, embezzlement, illicit enrichment, trading in influence, and abuse of functions (which can involve favouritism and nepotism).
Explanation:
Answer:
•Country size.
•Country age.
•Resource curse.
•Political instability.
•Wages.
•Lack of rule of law.
•Failure of governance.
•Size of government.
Tom is the CEO of a jewelry business based in Boston. He needs to send a parcel of 200 diamonds as quickly as possible to a partner in Canada. What mode of transport should he use?
A.
road
B.
sea
C.
air
D.
rail
E.
rail and road
what are features of business environment
Answer:
Business environment includes specific forces such as investors, customers, competitors and suppliers. Non-human or general forces are Social, Legal, Technological, Political, etc. which affect the Business indirectly.
Regardless of what consumers want and what producers can provide, scarcity is a problem that will continue to be a part of our economy.
True
False
Answer:
The answer is A or True for EDGE 2021
Explanation:
Please post detailed answers to the following questions. Please use complete sentences.What responsibilities do you believe people have as citizens in our global economy?
Answer:
Explanation:
GLOBAL CITIZENSHIP RESPONSIBILITIES. A global citizen, living in an emerging world community, has moral, ethical, political, and economic responsibilities. These responsibilities include: #1 Responsibility to understand one's own perspective and the perspectives of others on global issues.
Jamie receives $9.10 an hour for the first 40 hours and time-and-a-half for overtime. If he
works 45 hours, how much does he earn for the week?
Answer:
$432.25
Normal pay $364 + overtime pay $68.25
QUESTION 13
Primary data is
to gather than secondary data.
a. less costly and more difficult
b. costlier and more difficult
c. less costly and less difficult
d. costlier and less difficult
Answer:
a....the answer
Explanation:
hope its helpful
_ is also known as coolant and is found in liquid-cooled engines.
Answer:
anti freeze or water
Explanation:
could be either one just depends on the context
Match the action needed to increase profits with the reason a business might fail.
Setting a realistic budget for the company to follow would match with________.
A) bad location
B) poor management
C) Competition
D) finances
Answer:
D
Explanation:
finances
does anyone here know anything about like witchy stuff, like spells and stuff
Answer:
There are many religions that revolve around witchcraft. A modern pagan religion, called 'Wicca', have some spellbooks. Earthbound (a store) sells some spellbooks. I'm sure you can find some online too.
Explanation:
Extra note- you can actually learn a lot about witchcraft on TikTok. It can teach you about spells, charms, etc.
At the end of the current year, Accounts Receivable has a balance of $1,975,000; Allowance for Doubtful Accounts has a credit balance of $19,670; and sales for the year total $28,550,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $225,000.
a. Determine the amount of the adjusting entry for uncollectible accounts.
b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense.
Accounts Receivable ____________ $
Allowance for Doubtful Accounts ________ $
Bad Debt Expense _______ $
c. Determine the net realizable value of accounts receivable.
Answer and Explanation:
a. The amount of the adjusting entry for uncollectible accounts is
= $225,000 - $19,670
= $205,330
b. the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense is
For account receivable it is $1,975,000
For allowance for doubtful debts, it is $225,000
And, for bad debt expense, it is $205,330
c. The net realizable value of accounts receivable is
= $1,975,000 - $225,000
= $1,750,000
why is Africa called plateaus of plateu?
Answer:
Africa is called the plateau continent because almost the entire continent is raised above sea level and drops sharply off at the coast.
Explanation:
sana makatulong ❤❤
Answer:
continent because almost the entire continent is raised above sea level and drops sharply off at the coast.
Explanation:
ACTIVITY 2.
Identify and explain briefly the question below
1 What are the 4P's in marketing plan?Explain each
А__________
B__________
С__________
D__________
Answer:
A. Product
B. Price.
C. Place.
D. Promotion.
Explanation:
Marketing plan can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.
Generally, a marketing plan is made up of the four (4) Ps and these includes;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
Bill was severely injured by an uninsured driver. Bill did not purchase uninsured motorists coverage, and the other driver, although held liable, could not pay the damages awarded. After exhausting other sources of recovery, Bill learned that his state is one of a few states that has a special fund to compensate innocent accident victims. These state funds are called
A) guaranty funds.
B) unsatisfied judgment funds.
C) rainy-day funds.
D) second injury funds.
A guarantee funds.........
PLEASE help im stuck
What management principle caused the cost per bushel to change? Explain how the principles applied to this example.
Answer:
Microeconomics uses a set of fundamental principles to make predictions about how individuals behave in certain situations involving economic or financial transactions. These principles include the law of supply and demand, opportunity costs, and utility maximization. Microeconomics also applies to businesses.
Threadless (Strategy Highlight 5.2.) is a community-centered online apparel store that leverages user-generated content. The idea is to turn consumers into prosumers, a hybrid between producers and consumers. Members of the Threadless community do most of the work, which they consider fun: They submit T-shirt designs online, and community members vote on which designs they like best. The designs receiving the most votes are put in production, printed, and sold online. It can be said that Threadless uses the _____ technique.
Answer: Crowdsourcing Technique
Explanation:
The crowdsourcing technique is a technique that seeks information, opinions and ideas from a group of people who belong to a particular target market.
Like the name implies, it is usually done by engaging a “crowd” to source for ideas, and information for a particular project or goal.
Crowdsourcing aims to reduce cost while gaining insight into the intelligence and creativity of the target market.
Like the Threadless community, the target market may be unaware of the work they are putting in but they get the desired product at the end so they see crowdsourcing as fun and satisfying.