Permabilt Corp. was incorporated on January 1, 2019, and issued the following stock for cash: 2,000,000 shares of no-par common stock were authorized; 750,000 shares were issued on January 1, 2019, at $35 per share. 800,000 shares of $100 par value, 7.5% cumulative, preferred stock were authorized; 540,000 shares were issued on January 1, 2019, at $105 per share. No dividends were declared or paid during 2019 or 2020. However, on December 22, 2021, the board of directors of Permabilt Corp. declared dividends of $15,000,000, payable on February 12, 2022, to holders of record as of January 8, 2022.
Prepare the journal entries to record each of the below transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
The issuance of common stock and preferred stock on January 1, 2019.
The declaration of dividends on December 22, 2021.
The payment of dividends on February 12, 2022.
b. Of the total amount of dividends declared during 2021, how much will be received by preferred shareholders?
c. Calculate the common stock dividends per share declared during 2021. (Round your answer to 2 decimal places.)

Answers

Answer 1

Answer:

Permabilt Corp.

a. Journal Entries:

Debit Cash $26,250,000

Credit Common stock $26,250,000

To record the issuance of 750,000 shares at $35 per share.

2. Debit Cash $56,700,000

Credit Preferred stock $54,000,000

Credit Additional paid-in capital- preferred stock $2,700,000

To record the issuance of 540,000 shares at $105 per share.

3. Debit Cumulative preferred stock dividends $12,150,000

Debit Common stock $2,850,000

Dividends Payable $15,000,000

To record the declaration of dividends.

b. Preferred shareholders will receive $12,150,000 out of the $15 million declared dividends during 2021 ($4,050,000 for each year)

c. Common stock dividends per share = $3.80 ($2,850,000/750,000)

Explanation:

a) Data and Calculations:

Authorized share capital:

Common stock = 2,000,000 shares of no-par value

7.5% cumulative, preferred stock = 800,000 shares at $100 par value

Issued share capital:

Common stock, 750,000 at $35 = $26,250,000

Cash $26,250,000 Common stock $26,250,000

Preferred stock, 540,000 at $105 = $56,700,000

Cash $56,700,000 Preferred stock $54,000,000 Additional paid-in capital $2,700,000

Declared Dividends = $15,000,000

Cumulative preferred stock dividends for 3 years

= $12,150,000($4,050,000 * 3)

Common stock = $2,850,000 ($15,000,000 - $12,150,000)


Related Questions

All materials are added at the start of production. Refer to Keyser Corporation. Assume that the cost per EUP for material and conversion are $1.75 and $4.55, respectively. What is the cost assigned to ending Work in Process

Answers

Answer:

The cost assigned to ending Work in Process explanations only.

Explanation:

Hi your question is incomplete, I tried to look for it online but I could not find it.

Here are some explanations and steps you need to consider to answer this question.

The cost assigned to ending Work in Process :

Ending Work in Process usually have different number of equivalent units of production with respect to materials and conversion cost depending on the percentage of work completed for materials and conversion during the production process.

Step 1

So the first step is to calculate the equivalent units of production of  Ending Ending work in process for Materials and Conversion costs.

Equivalent units of production = Physical units x Percentage completion (Materials / Conversion).

Step 2

The next step would be to calculate the cost assigned to ending Work in Process.

Equivalent units in materials are multiplied against Cost per Equivalent Unit) EUP for materials ($1.75 ) so is the Equivalent units in conversion costs against Cost per Equivalent Unit) EUP for conversion ($1.75). The total of the two amounts is the cost assigned to ending Work in Process.

On January 1, 2000, there were 175,000 tons of trash in a landfill that had a capacity of 325,000 tons. Each year since then, the amount of trash in the landfill increases by 7.500 tons. If y represents the time, in years, after January 1, 2000.

Required:
What inequalities describes the set of years where the landfill is at or above capacity?

Answers

Answer: 175,000 + 7,500y ≥ 325,000

Explanation:

On January 1, 2000, there are 175,000 tons of trash in the landfill.

This increases by 7,500 tons every year with y representing the number of years.

This means that in a given year, the amount of trash in the landfill is:

= 175,000 + 7,500y

The capacity is 325,000 tons. In years where the landfill will be at or above capacity, the result of the formula above will be greater than 325,000 tons.

The relevant inequality therefore is:

175,000 + 7,500y ≥ 325,000

Which of the following industries is most likely to outsource jobs to another country because of slight increases in labor costs?

a. Milk dairy.
b. High-tech research facility.
c. Textile plant.
d. Automobile assembly plant.

Answers

Which of the following industries is most likely to outsource jobs to another country because of slight increases in labor costs?

a. Milk dairy.

b. High-tech research facility.

c. Textile plant.

d. Automobile assembly plant.

Answer: c. Textile plant.

Hope this helps

define futures contract.​

Answers

A futures contract is a legal agreement to buy or sell a particular commodity asset, or security at a predetermined price at a specified time in the future. Futures contracts are standardized for quality and quantity to facilitate trading on a futures exchange

Amram Inc. can issue a 20-year bond with a 6% annual coupon at par. This bond is not convertible, not callable, and has no sinking fund. Alternatively, Amram could issue a 20-year bond that is convertible into common equity, may be called, and has a sinking fund. What most accurately describes the coupon rate that Amram would have to pay on the second bond, the convertible, callable bond with the sinking fund, to have it sell initially at par?

Answers

Answer:

b. It could be less than, equal to, or greater than 6%.

Explanation:

THIS ARE THE OPTIONS FOR THE QUESTION BELOW!

a. Exactly equal to 6%.

b. It could be less than, equal to, or greater than 6%.

c. Greater than 6%.

d. Exactly equal to 8%.

e. Less than 6%.

Convertible bonds can be regarded as one which can be converted to equity shares at a particular time, so in this case, Base on specific terms set the coupon rate can be equal, greater even less than 6%, talking of real world, the feature of the convertible could make the coupon rate to be probably less than 6%.

Convertible bonds are considered as the bonds that can be converted into stock within a certain time frame. The particular bondholders have right convert their bonds into equity by selling their bonds according to corporation's designated timeframe.

The coupon rate could be less than, equal to, or greater than 6%, depending on the specific terms set.

Amram Inc. is issuing two bonds, one of which is non-convertible and the other of which is convertible but not callable. Convertible and callable bonds will nearly always have a lower coupon rate than non-convertible or non-callable bonds, regardless of the coupon rate they intend to set.

To know more about coupon rate, refer to the link:

https://brainly.com/question/6959763

Many commodities have futures markets associated with them. A futures market is a prediction market that aggregates information based on uncertain events that may impact the market, and buyers commit to a financial contract in which they obligate themselves to purchasing a fixed quantity of the asset at a specified price on a certain date. In April, 2019, the national average price of unleaded gasoline was $2.87 per gallon. At the same time, the futures price for a June contract on unleaded gasoline was $2.07 per gallon.
A. The forecasted price in the futures market suggests that unleaded gasoline prices will_____by June of 2019.
B. If the information transmitted in this market is accurate and unbiased, then the predict____the actual price we will see in June.

Answers

Answer:

Answer is explained in the explanation section below.

Explanation:

Solution:

a.

Unleaded fuel prices are expected to fall by June 2019 according to future demand forecasts.

Since the future price is less than the spot price, it would be better for long-term buyers who can wait for the price to increase because the market is currently in BACKWARDATION. This happens due to a short-term disparity in demand and supply.

b.

If the information in this sector is reliable and impartial, the expected June price will most likely be similar to the real price we will see in June.

It is reliable if the market is accurate and impartial, i.e. the market research on which knowledge flows.

The prices of goods are either integrated or expressed in such a flow of knowledge.

So, if it's unbiased and reliable, the forecast prices would be reasonably similar to the real future price.

Answer:

A. Decline

B. Close to

Explanation:

A. The prediction market for gasoline is much lower so prices would need to decline

B. Due to the information being accurate, it is safe to assume that the predicted price will we close to the actual price

A bank has excess reserves of $5,000 and demand deposits of $50,000; the required reserve ratio is 20 percent. If the reserve ratio is raised to 25 percent, then this bank can lend a maximum of Multiple choice question. A) $1,000. B) $1,500. C) $2,000. D) $2,500.

Answers

Hiiioo it’s D) 2,500

If the reserve ratio is raised to 25 percent, then this bank can lend a maximum of $2,500. Option (d) is correct.

What do you mean by Ratio?

When two objects are related using numbers or amounts, the relationship is known as a ratio.

Money stored in demand accounts at commercial banks is known as demand deposits or checkbook money. These account balances are typically regarded as money and make up the majority of a nation's strictly defined money supply. Simply explained, these are bank deposits that can be withdrawn immediately and without warning.

Demand deposits are typically regarded as a component of the strictly defined money supply since they can be used to pay for goods and services and to repay debts via checks and drafts. Demand deposits and currency are typically included in definitions of a nation's money supply. Demand deposits make up the majority of the money supply in the majority of nations.

Therefore, Option (d) is correct. If the reserve ratio is raised to 25 percent, then this bank can lend a maximum of $2,500.

Learn more about Ratio, here;

https://brainly.com/question/13419413

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1-a. Prepare a contribution format income statement for the game last year. 1-b. Compute the degree of operating leverage. 2. Management is confident that the company can sell 18,000 games next year (an increase of 3,000 games, or 20%, over last year). Given this assumption: a. What is the expected percentage increase in net operating income for next year? b. What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.)

Answers

Answer:

1-a. Total Contribution margin is $210,000 and Net operating income is $28,000.

1-b. Degree of Operating Leverage = 7.50

2-a. The expected percentage increase in net operating income for next year is 150%.

2-b. Expected amount of Net Operating Income is $70,000.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Magic Realm, Inc., has developed a new fantasy board game. The company sold 15,000 games last year at a selling price of $20 per game. Fixed costs associated with the game total $182,000 per year, and variable costs are $6 per game. Production of the game is entrusted to a printing contractor. Variable costs consist mostly of payments to this contractor.

Required:

1-a. Prepare a contribution format income statement for the game last year.

1-b. Compute the degree of operating leverage.

2. Management is confident that the company can sell 18,000 games next year (an increase of 3,000 games, or 20%, over last year). Given this assumption:

a. What is the expected percentage increase in net operating income for next year?

b. What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.)

Explanation of the answer is now provided as follows:

1-a. Prepare a contribution format income statement for the game last year.

The contribution format income statement for the game last year can be prepared as follows:

Magic Realm, Inc.

Contribution Income Statement

For Last Year

Details                               Total ($)       Per Unit ($)  

Sales                                 300,000              20

Variable cost                    (90,000)              (6)

Contribution margin         210,000               14

Fixed expense                 (182,000)

Net operating income     28,000  

1-b. Compute the degree of operating leverage.

Degree of Operating Leverage = Contribution Margin / Operating Income = $210,000 / $28,000 = 7.50

2-a. Management is confident that the company can sell 18,000 games next year (an increase of 3,000 games, or 20%, over last year). Given this assumption: What is the expected percentage increase in net operating income for next year?

Since:

Degree of Operating Leverage = Percentage change in Operating Income / Percentage change in Sales

Substituting the relevant values, we have:

7.50 =  Percentage change in Operating Income / 20%

Percentage change in Operating Income = 7.5 * 20% = 150%

Therefore, the expected percentage increase in net operating income for next year is 150%.

2-b. Management is confident that the company can sell 18,000 games next year (an increase of 3,000 games, or 20%, over last year). Given this assumption: What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.)

This can be calculated as follows:

Change in Net Operating Income = 150% * $28,000 = $42,000

Expected amount of Net Operating Income = Current Net Operating Income + Change in Net Operating Income = $28,000 + $42,000 = $70,000

A manager hires labor and rents capital equipment in a very competitive market. Currently the wage rate is $9 per hour and capital is rented at $10 per hour. If the marginal product of labor is 45 units of output per hour and the marginal product of capital is 60 units of output per hour, should the firm increase, decrease, or leave unchanged the amount of capital used in its production process

Answers

Answer: Capital should be increased in the production process.

Explanation:

We should note that based on rule of cost minimization, the quantity of capital and labor that's employee by a firm should be one where the MRTS i.e marginal rate of technical substitution between the capital and labor is equal to the wage rental ratio. Therefore,

MRTS = w/r

MPl/MPk = w/r

MPl/w = MPk/r

45/9 < 60/10

5 < 6

Since the ratio isn't equal, it simply means that the firm isn't using optimum mix of inputs. Based on the above, capital should be increased.

Computing Basic and Diluted Earnings per Share Soliman Corporation began the year 2018 with 25,000 shares of common stock and 5,000 shares of convertible preferred stock outstanding. On May 1, an additional 9,000 shares of common stock were issued. On July 1, 6,000 shares of common stock were acquired for the treasury. On September 1, the 6,000 treasury shares of common stock were reissued. The preferred stock has a $4 per share dividend rate, and each share may be converted into 2 shares of common stock. Soliman Corporation’s 2018 net income is $230,000.

Required
a. Compute earnings per share for 2018. Round your answer to two decimal places.
b. Compute diluted earnings per share for 2018. Round your answer to two decimal places.

Answers

Answer:

Soliman Corporation

1. Basic EPS

= $6.18 per share

2. Diluted EPS

= $5.23 per share

Explanation:

a) Data and Calculations:

Convertible Preferred Stock = 5,000 or 10,000 Common Shares

Common Stock:

January 1, 2018 =                  25,000

May 1, 2018 Issued                 9,000

July 1, 2018 Treasury            (6,000)

September 1, 2018 Treasury 6,000

Total outstanding                34,000

Converted preferred stock 10,000

Total outstanding               44,000

2018 Net Income =    $230,000

Preferred dividend        20,000 ($4 * 5,000)

Income for Common $210,000

Basic Earnings per share = $210,000/34,000 = $6.18

Diluted Earnings per share = $230,000/44,000 = $5.23

The Jamison Company's inventory was destroyed on July 4, 2016, when its warehouse caught on fire early in the morning. Inventory was totally destroyed. The accounting records, which were located in a fireproof vault, contained the following information: Sales (1/1/16 through 7/3/16)$240,000 Purchases (1/1/16 through 7/3/16)180,000 Inventory (1/1/16)45,000 Gross profit ratio25% of cost Using the gross profit method, what is the estimated cost of the inventory that was destroyed by the fire

Answers

Answer:

$15,000

Explanation:

With regards to the above information, the estimated cost of inventory that was destroyed by fire is computed as

= [Sales - (Purchases + Inventory)]

Given that;

Sales 1/1/16 through 7/3/16 = $240,000

Purchases 1/1/16 through 7/3/16 = $180,000

Inventory 1/1/16 = $45,000

= [$240,000 - ($180,000 + $45,000)]

= $240,000 - $225,000

= $15,000

Times-Roman Publishing Company reports the following amounts in its first three years of operation: ($ in thousands) 2021 2022 2023 Subscription revenue recognized (earned) $ 350 $ 360 $ 320 Subscription payments received in cash 390 340 360 The difference between pretax accounting income and taxable income is due to subscription revenue for one-year magazine subscriptions being reported for tax purposes in the year received, but reported in the income statement in later years when the performance obligation is satisfied. The income tax rate is 25% each year. Times-Roman anticipates profitable operations in the future. Required: 1. What is the balance sheet account that gives rise to a temporary difference in this situation

Answers

Answer: Unearned subscription revenue.

Explanation:

Tax is made on a cash basis which means that a transaction is eligible for taxation once cash has been paid for it. Businesses however have to use the Accrual basis which only record transactions in the period that they have been incurred.

In this scenario, there is more subscription payment in cash than the company recognized which means that the company has not yet delivered the service they were paid for and so could not recognize the subscriptions. They will however be taxed on those amounts because the cash has come in.

The account giving this temporary difference is therefore the Unearned Subscription Revenue account.

Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you just received your salary of $46,000 and you plan to spend all of it. However, you want to start saving for retirement beginning next year. You have decided that one year from today you will begin depositing 2 percent of your annual salary in an account that will earn 12 percent per year. Your salary will increase at 7 percent per year throughout your career.How much money will you have on the date of your retirement 39 years from today

Answers

Answer:

$1,360,173

Explanation:

I prepared an excel spreadsheet

Marlin Corporation reported pretax book income of $1,001,000. During the current year, the net reserve for warranties increased by $25,200. In addition, book depreciation exceeded tax depreciation by $100,100. Finally, Marlin subtracted a dividends received deduction of $15,100 in computing its current year taxable income. Marlin's current income tax expense or benefit would be:

Answers

Answer:

$233,352

Explanation:

Calculation to determine what Marlin's current income tax expense or benefit would be:.

Marlin's current income tax expense =[($1,001,000 + $25,200 + $100,100 − $15,100)*21%]

Marlin's current income tax expense= $1,111,200 × 21%

Marlin's current income tax expense=$233,352

Therefore Marlin's current income tax expense or benefit would be:$233,352

Cost of Living The City of St. Albans has a unionized police force that is coming up for a contract renewal. The police have one issue: the cost of living increases. During the past 10 years, police officers have received minimal cost of living increases, and this time they want to match what other police forces are making. They claim that their salaries are below the national level. The incoming new police hire earns a salary of $48,200.

Required:
Prepare the data and an argument on behalf of the police officers to support their position.

Answers

Answer:

Police officers are national servants. Their salary needs to be adequate so that they can maintain their standard of living.

Explanation:

Police officers should be paid according to their level of skills and expertise. If they are paid below their minimal cost of living then they will feel demotivated and will not be able to justify their job role. They need to be self motivated with their adequate pay so they feel pride to serve the nation. The police officers should be paid equally to the new police hire salary which is $48,200.

Priority Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended: Actual units produced: 9,000 Actual variable overhead incurred: $54,400 Actual machine hours worked: 16,000 Standard variable overhead cost per machine hour: $3.50 If Priority estimates two hours to manufacture a completed unit, the company's variable-overhead efficiency variance is: Multiple Choice None of the answers is correct. $1,600 favorable. $7,000 favorable. $7,000 unfavorable. $1,600 unfavorable.

Answers

Answer:

The correct option is $7,000 favorable.

Explanation:

This can be calculated using the following formula:

Standard hours for actual units produced = Actual units produced * Estimated number of hours to manufacture a completed unit = 9,000 * 2 = 18,000

Variable-overhead efficiency variance = (Actual machine hours worked - Standard machine hours for actual units produced) * Standard variable overhead cost per machine hour = (16,000 - 18,000) * 3.50 = –$7,000

Since the calculated Variable-overhead efficiency variance is negative, that implies that it is favorable,

Therefore, the correct option is $7,000 favorable.

You are planning to save for retirement over the next 35 years. To do this, you will invest $710 per month in a stock account and $310 per month in a bond account. The return of the stock account is expected to be 9.1 percent, and the bond account will earn 5.1 percent. When you retire, you will combine your money into an account with an annual return of 6.1 percent. Assume the returns are expressed as APRs.

How much can you withdraw each month from your account assuming a 30-year withdrawal period?

Answers

Answer:

monthly payment = $16,162.87

Explanation:

future value of stock account = $710 x= [(1 + 0.00758333)⁴²⁰- 1 ] / 0.00758333 = $2,142,045

future value of bond account = $310 x= [(1 + 0.00425)⁴²⁰- 1 ] / 0.00425 = $360,116

future value = $2,502,161

PVIFA = [1 - 1/(1 + 0.0050833)³⁶⁰ ] / 0.0050833 = 165.019

monthly payment = $2,502,161 / 165.019 = $16,162.87

How do you solve this :(!! Need a chart

Answers

Answer:

Purchases

Date              Qty               Unit Cost               Total Cost

11                     14                    $15                          $210

21                     9                    $16                          $144

Cost of Sales

Date              Qty               Unit Cost               Total Cost

14

                       14                    $15                           $210

                         6                   $16                            $96

25

                        9                    $16                           $144

                        5                    $16                            $80

Total                                                                        $530

Inventory

Qty               Unit Cost               Total Cost

9                        $16                        $144

Total                                                $144

Explanation:

LIFO method assumes that the units to arrive last, will be sold first. Also note that the perpetual Inventory method is used. This means the cost of sales and inventory value is calculated after every transaction.

So with LIFO , Cost of Sales will be calculated on recent  prices (later prices)  whilst Inventory will be valued at  earlier prices (old prices).

Computing Number of Shares
The charter of Vista West Corporation specifies that it is authorized to issue 212,000 shares of common stock. Since the company was incorporated, it has sold a total of 145,000 shares (at $16 per share) to the public. It has bought back a total of 15,000. The par value of the stock is $6. When the stock was bought back from the public, the market price was $23.
Required:
1. Determine the authorized shares.
2. Determine the issued shares.
3. Determine the outstanding shares.

Answers

Answer: See explanation

Explanation:

1. Determine the authorized shares.

The authorized share simply refers to the maximum number of shares that can be issued by a particular company. In this case, the authorised share is 212000.

2. Determine the issued shares.

The issued share simply means the shares sold. In this case, the answer is 145000 shares.

3. Determine the outstanding shares.

The outstanding shares will be:

= 145000 - 15000

= 130000

Both you and your older brother would like to have $28,000 in 13 in years. Because of your success in this class, you feel that you are a more savvy investor than your brother and will be able to earn an annual return of 11.2 percent compared to your brother's 10.4 percent. How much less than your brother will you have to deposit today

Answers

Answer:

$693.16

Explanation:

Calculation to determine How much less than your brother will you have to deposit today

Using this formula

FV= Present value × (1 + interest rate)^number of years

Let plug in the formula

First step

$28,000 = Present value × (1 + 0.112)^13

PV= $28,000 ÷ 1.112^13

PV= $28,000 ÷ 3.97522975235

PV= $7,043.618

Second step

$28,000 = Present value × (1 + 0.104)^13

PV= $28,000 ÷ 1.104^13

PV= $28,000 ÷ 3.61907808993

PV= $7,736.777

Now let calculate how much less than your brother will you have to deposit today

Deposit today= $7,736.777-$7,043.618

Deposit today= $693.159

Deposit today=$693.16 (Approximately)

Therefore How much less than your brother will you have to deposit today will be $693.16

Contribution Margin and Contribution Margin Ratio
For a recent year, McDonald's company-owned restaurants had the following sales and expenses (in millions):
Sales $18,169.3
Food and packaging $ 6,129.7
Payroll 4,756.0
Occupancy (rent, depreciation, etc.) 4,402.6
General, selling, and administrative expenses 2,487.9
$17,776.2
Income from operations $ 393.1
Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses.
a. What is McDonald's contribution margin? Round to the nearest tenth of a million (one decimal place).
b. What is McDonald's contribution margin ratio? Round to one decimal place.
c. How much would income from operations increase if same-store sales increased by $500 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the nearest tenth of a million (one decimal place).

Answers

Answer:

See below

Explanation:

Variable food and packaging = $6,129.7

Variable payroll = $4,756.0

Variable general, selling and administrative expenses = 40% × $2,487.9 = $995.16

Fixed general, selling and administrative expenses = 60% × $2,487.9 = $1,492.74

Fixed occupancy = $4,402.6

Total fixed cost = $1,492.84 + $4,402.6 = $5,895.34

Total variable cost = Variable food and packaging + Variable payroll + Variable general, selling and administrative expenses

= $6,129.7 + $4,756 + $995.16

= $11,880.86

a. McDonald's contribution margin

= Sales - Variable cost

= $18,169.3 - $11,880.86

= $6,288.44

b. McDonald's contribution margin

= Contribution margin / Sales

= $6,288.44 / $18,169.3

= 34.61%

c. Increase in operating income

= $500 million × 34.71

= $173,050,000

How dose biodiversity affect ecosystem stability

Answers

Answer:

It has been shown that biodiversity of an area has a large impact on the ecosystem stability of that area. this has increase in complexity makes it more likely that the ecosystem will return to a stable state after a disturbance, because the ecosystem has more ways to respond to a disturbance and fix probl

The purpose of preparing a direct materials budget is to ________. multiple choice 1 allocate the cost of raw materials to production departments estimate the manufacturing overhead estimate the quantity of raw materials to be purchased estimate the unit cost of direct materials to be purchased Knowledge Check 02 In a direct materials budget, the desired ending raw materials inventory for the year is equal to the ________. multiple choice 2 beginning balance of accounts payable desired ending raw materials inventory for the last period total merchandise purchased during the year value of raw material used during the year

Answers

Answer:

1. estimate the quantity of raw materials to be purchased.

2. ending raw materials inventory for the last period.

Explanation:

A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.

The first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.

The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.

The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.

1. The purpose of preparing a direct materials budget is to estimate the quantity of raw materials to be purchased. This includes the raw materials that would be used for the manufacturing of finished goods.

2. In a direct materials budget, the desired ending raw materials inventory for the year is equal to the ending raw materials inventory for the last period.

What tab should you choose to locate the spelling and grammar check tools?
Home
Layout
Review
View

Answers

Answer:

Review

Explanation:

The correct answer is - Review

Reason -

From the Review tab, click the Spelling & Grammar command.

The Spelling and Grammar pane will appear on the right.

Answer:

it is C

Explanation:

A large brand runs several companies, including a chain of hotels, an automobile business, and a software development firm. Which data warehouse would help the organization view consolidated results of all the businesses?
A.
distributed
B.
LAN based
C.
virtual
D.
multistage
E.
stationary

Answers

Answer:

A.

distributed

Explanation:

In the case of the large brand running several companies, the best data warehouse suitable for them would be distributed type. This is because, it would allow them to house their data separately in the different arms of the business like hotels, automobiles business and software development businesses before the information is linked together and distributed evenly.

The distributed data warehouse allows them to share information among the various arms of the businesses due to the linkage between them.

15. A bottle‐filling operation has a target value of 20 and consistently averages 19.8 with a standard deviation of 0.5. The design engineers have established an upper specification limit of 22 and a lower specification limit of 18. Which statement concerning this process is TRUE? A. The two‐sided specification process capability index is 1.47 B. The one‐sided specification process capability index is 1.33 C. The process must be in control D. None of these is true

Answers

Answer:

A. The two sided specification process capability index is 1.47

Explanation:

The formula for calculating process capability index is :

( Upper specification Limit  - Average of mean ) / 3 * Standard Deviation

CI = ( 22 - 19.8 ) / 3 * 0.5

CI = 1.47 approximately.

Setting and achieving goals is essential to success.

a. True
b. False

Answers

Answer: True

Explanation:

The statement that "Setting and achieving goals is essential to success" is true.

When we set goals, it gives us a motivation for the short term and also a long term vision. Setting goals doesn't allow us to deviate from whatever we want to achieve. Our time and resources are dedicated towards achieving that set goal.

The amount of money that is earned on a deposit is​

Answers

Explanation:

principal ...............

Answer:

Interest

Explanation:

interest is the amount that is earned on a deposit

Due to recent political and economic events, general prices of goods and services are expected to increase significantly over the next five years. You were about to purchase a five-year bond. You now require a higher return on the bond than you did before you found out about these expected price increases. Determine which of these fundamental factors is affecting the cost of money in the scenario described:

Answers

Answer:

The options are missing, so I looked for similar questions.

the missing options are:

inflationtime preferencesrisk

the correct answer is inflation.

When investors purchase bonds, they are worried about the real interest rate that they will receive = nominal interest rate - inflation rate.

Sine the inflation rate is increasing, then the nominal rate must also increase in order to keep the real interest rate stable.

Explanation:

Match the following empires:
1. Established relatively peaceful trading relationship with Native Peoples and never established large permanent population throughout the colony.
2. After attempting several times to find a Northwest Passage to the Pacific, they established a comparably small presence in North America. However, through their alliance with the Huron and other Native peoples, they were able to maintain a vast claim stretching between the St. Lawrence River, the Ohio River, and the Mississippi River to Louisiana.
3. Originally in search of timber and gold, established a presence in North America for the purpose of colonizing. In order to do this, they depended on the depopulation of Native Peoples throughout the colonies.
4. Given a special decree from the Pope which granted them the ability to conquer all of the lands in the Western Hemisphere in which no Christians resided. After conquering the Aztecs and the Incas, they established new colonial centers as extensions of the empire.
A. Spanish.
B. English.
C. Dutch.
D. French.

Answers

Answer:

1 ----> Matches with ----->C

2 ----> Matches with ----->D

3  ----> Matches with ----->B

4 ----> Matches with ----->A

Explanation:

This question is very easy and interesting. In this question, we just need to match the specific empires with the description given in the question. So, Let's Start.

1. The first description matches with the Dutch Empire. (C)

2. The second description matches with obviously the French Empire (D)

3. The third description matches with the English Empire. (B)

Lastly,

4. The forth description clearly matches with the Spanish Empire. (A)

So, Correct Combination will be:

1 ----> Matches with ----->C

2 ----> Matches with ----->D

3  ----> Matches with ----->B

4 ----> Matches with ----->A

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