Choose the correct answe
Q: Prepare the journal entry to record the sale of 1,800 units that cost $9 per unit and sold for $15…
A: Journal entries recording is the first step of accounting cycle process, under which one account is…
Q: Shaw Company produced 730 units, Its overhead allocation base is DLH and its standard amount per…
A: GIVEN Shaw Company produced 730 units. Its overhead allocation base is DLH and its standard amount…
Q: $59 per unit. Order from Laboratory-Apex: 4,500 units at $635 per unit with standard mask $45 per…
A: Variable cost refers to the expenses that fluctuate when there are fluctuations in the number of…
Q: Exercise 11-3 (Algo) Transfer Pricing Basics [LO11-3] Sako Company’s Audio Division produces a…
A: Lowest acceptable transfer price=Variable Cost per unit+Total Contribution Margin on lost…
Q: Seaside issues a bond with a stated interest rate of 12%, the face value of $40,000, and due in 8…
A: The bonds are issued at discount when market rate is higher than the coupon rate of bonds payable.
Q: Natural Desserts has 2,500 gallons of paint in WIP inventory, with all materials already added. The…
A: Introduction:- Equivalent units are the units in production multiplied by the percentage of units…
Q: The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal…
A: Trial balance lists all generation ledger account balances. It is an internal report. Summation of…
Q: Revenue, and expense accounts are Temporary accounts Permanent accounts Adjusting accounts Accounts…
A: Revenues are the incomes earned and expenses are outlays incurred by an entity.
Q: [The following information applies to the questions displayed below.) On March 1, Hugh Corporation…
A: Note payable is one of the important liability of the business, on which regular interest payments…
Q: Using the percentage method, what is the amount of Oklahoma income tax withheld under each of these…
A: The amount of income tax withholding under the percentage method is calculated by looking for the…
Q: The financial manager of Company X is evaluating Company Y as a possible acquisition. Company Y is…
A: A wealth of a shareholder is the sum total of the earnings per share and the market price of the…
Q: Annual depreciation on equipment at Charmed, Inc.is $2,100. The adjusting entry to record one…
A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…
Q: A firm with a cost of capital of 7 percent is evaluating three independent capital projects. The…
A: Internal Rate of Return: The internal rate of return (IRR) is a financial research indicator that is…
Q: Camilla buys her first property (a house) on 1 January 2018 for $500,000 and she moves into it…
A:
Q: EZ-Tax is a tax accounting practice with partners and staff members. Each billable hour of partner…
A: Since you have posted a question with multiple sub-parts, we will do the first three sub-parts for…
Q: Crescent Company produces stuffed toy animals; one of these is “Arabeau the Cow.” Each Arabeau takes…
A: Budget is the estimation made for future period. For example, direct material budget, direct labour…
Q: Which of the following accounts will appear on the post-closing trial balance? Question 37 Owner's…
A:
Q: X Company prepares monthly financial statements. The following transactions occurred on October 1:…
A: Adjusting entries are those journal entries which are passed at the end of the period for the…
Q: Alliance Corporation purchased inventory with an invoice price of $22,000 and credit terms of 1/10,…
A: Formula: Discount amount = Invoice amount x Discount rate
Q: Date Transaction Nov. 5 Mr. Mario Cruz invested P1,500,000 and a truck with fair market value of…
A: T-Account: It is a casual term for a bunch of financial records that use double-entry bookkeeping.…
Q: Mary Smith, Crane & James Fabricators' accounts receivable manager, has just received the company's…
A: Cash Receipts Budget January February March Total Cash receipts Uncollectible…
Q: Which of the following terms describes expenditures made to repurpose an asset?
A: The asset is the future benefit of the company that would have to be sacrificed to pay off the…
Q: Explain the purpose of the statement of cash flows and why it is necessary.
A: A statement of cash flow is a simple financial report that shows a company's cash inflows (cash…
Q: ere 2,200 units in ending work in process inventory that were 100% complete with regard to material…
A: Solution: Equivalent units represents the portion of work done on a physical unit. These are used to…
Q: You own 270 shares of stock in Green Mild Chili Peppers, Inc., that currently sell for $51.70 per…
A: Introduction:- The following basic information as follows under:- 270 shares of stock in Green Mild…
Q: AMCO Limited sells video recorders for cash and on instalment sales. Details of video recorders sold…
A: For making journal entries for the year 2019 the following gross profit margin is calculated:- Gross…
Q: QUESTION 3 Company X has monthly fixed costs of $150,000 and a unit variable cost of $50. How many…
A: Break even in unit can be calculated by this formula- Fixed cost/(sale price per unit-variable cost…
Q: Profitability
A: Profitability is the prime purpose of every business. Every corporation tries to maximize its…
Q: closing entry for Salaries Expense, with a balance of $240,000 is
A: As per Accounting Rule At the end of accounting period, All expense accounts should be closed and…
Q: How must profits and losses be handled when generating the operational portion of the cash flow…
A: The cash flow statement assesses a company's capacity to manage its financial situation, namely how…
Q: the following information is taken from the balance sheet of Atlanta company: current assets $1,440…
A: The current ratio measures the organization's ability to meet the short-term liabilities due within…
Q: att's Eat 'N Run has two categories of direct labor: unskilled, which costs S17 per hour, and…
A: The company compares the actual costs and actual performance with the budgeted ones. The difference…
Q: If a firm has a levered (or equity) beta of 2.0, a tax rate of 20%, a weight of equity in its…
A: Answer:- Levered firm meaning:- A levered firm can be defined as a firm that borrows debt to run…
Q: On October 1 of this year, SportsWorld purchased a delivery van for $23,000 with a residual value of…
A: Introduction: Depreciation: Depreciation is a expense to be shown in Income statement. Decreasing…
Q: 1 Jenny Watson started her consulting business, Jenny Consulting, in 2020. During January 2021,…
A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…
Q: Old Backhoes New Backhoes Purchase cost when new $89,000 $198,095 Salvage value now $41,900…
A: The net Present Value method is a capital budgeting technique in which the present values of all the…
Q: Mona moobl3 Ltd operates a standard costing system and absorbs overheads on the basis of standard…
A: Overheads are the indirect costs related with the production and manufacturing. These costs can not…
Q: eBook Question Content Area There were 2,600 units in ending work in process inventory that were…
A: Conversion cost per unit is the combination of direct labour and factory overhead cost , It is…
Q: 12-28 Selection of most profitable products. Isochlorine is produced in a chemical process that is…
A: GIVEN Isochlorine is produced in very threatening to the environment. As a result of this, the…
Q: Choose the correct answer. How to build customer loyalty? Select one: a. Give at least 30% discount…
A: Customer loyalty means the ongoing emotional relationship among the company and the customer which…
Q: the end of the current year, the accounts receivable account has a debit balance of $1,184,000 and…
A: Answer to (A) Calculation of doubtful account amount : = Sales x 1% x (1/2) =13,420,000 x 1% x (1/2)…
Q: Pinnacle Co., prepares quarterly interim financial reports. The entity sells electric fans and…
A: GIVEN The provision in the first quarter was calculated at 5% of sales to date which amounted to…
Q: Company Alpha has been constructing a new piece of plant over the past 18 months which is due to…
A:
Q: Cafe X purchased a new espresso maker for $3,000 at the beginning of the month. If equipment is…
A: Depreciation Expenses: Depreciation expenditure is the amount that a company's assets are…
Q: a) issue a commercial paper at 13%p.a less 22% service charge b) discount a 180-day note for 14%…
A: The term "cost effective" refers to something that offers good value in terms of benefits and usage…
Q: Trinkle Company made several purchases of long-term assets during the year. The details of each…
A: Costs are classified as capital cost and operational cost. Cost which is capital in nature is added…
Q: Kyle, a local entrepreneur, is planning to sell 10 liter bottled water in his sari- sari store. A…
A: Introduction:- The following basic information as follows under:- A local water purifying business…
Q: Administrative Expenses include: O Advertising Expense. O Sales - Salaries Expense. O Accounting -…
A:
Q: Explain the objective of the cash flow statement and why it is required.
A: A cash flow statement is a basic financial report that depicts a company's cash inflows (cash…
Q: Merchandise is sold for cash. The selling price of the merchandise is $1,100 and the sale is subject…
A: When we do sales,we need pay sales tax on sales made at a percentage given.That sales tax is…
Step by step
Solved in 2 steps
- Consider again the scenario described in Problem 4. The Center for Business Analytics is considering a refund policy for no-shows. No refund would be given for members who do not attend, but nonmembers who do not attend will be refunded 50% of the price. Extend the model you developed in Problem 4 for the Business Intelligence Symposium to account for the fact that, historically, 25% of members who registered do not show and 10% of registered nonmembers do not attend. The center pays the caterer for breakfast and lunch based on the number of registrants (not the number of attendees). However, the center pays for parking only for those who attend. What is the profit if each corporate member registers their full allotment of tickets and 127 nonmembers register? Use a two-way data table to show how profit changes as a function of number of registered nonmembers and the no-show percentage of nonmembers. Vary the number of nonmember registrants from 80 to 160 in increments of 5 and the percentage of nonmember no-shows from 10 to 30% in increments of 2%. 4. The University of Cincinnati Center for Business Analytics is an outreach center that collaborates with industry partners on applied research and continuing education in business analytics. One of the programs offered by the center is a quarterly Business Intelligence Symposium. Each symposium features three speakers on the real-world use of analytics. Each corporate member of the center (there are currently 10) receives five free seats to each symposium. Nonmembers wishing to attend must pay $75 per person. Each attendee receives breakfast, lunch, and free parking. The following are the costs incurred for putting on this event: Build a spreadsheet model that calculates a profit or loss based on the number of nonmember registrants. Use Goal Seek to find the number of nonmember registrants that will make the event break even.One method of managing internal operations is to offer rewards or punishments to reinforce behaviors. Required: Share an interesting example of either a reward or punishment. An example is Zappos which offers a $4,000 reward for employees to quit during the training program. This is supposed to encourage people that are not invested in the mission/vision of Zappos to deliver superior customer service to quit! Please do fast ASAP ....fastSupposed that you have a business, and you are going to prepare checks for thefollowing: (You can create your own check or simply download a blank check) 150,000 payable to Ronald James Abad for the consultation fee. 65, 350.90 for the payment equipment purchased from Abenson ApplianceStore
- CASE SUMMARY: Retailers commonly track customer's shopping patterns and target them with special offers. For example, PTS an Extra care card that, when swiped at checkout applies discounts to purchases and provides rebates called Extra Bucks to be used as cash on future purchases. Behind the scenes, PTS has gathers data on customer’s purchases and using aggregated data to target individuals with special offers. Customers who have not recently shopped may receive a discount in the mail or an online offer to incentive them to return. Questions Identify the existing ethical dilemma for companies collecting data including personally identifying data on their customers. What is your personal recommendation on what actions companies should take with regard to data collection activities?I want to give my customers a discount that whey they buy one of my products they get the other item for 50% off. “buy 1 and get the 2nd item for 50% off”. Please provide a sample problem including the debit and credit entries. Thank you. Strictly no plagiarism please.You have developed a self-study certification system for those who need credit hours for recertification by your state’s social welfare office. The system operates at virtually no cost, i.e., there is no marginal cost. A marketing research team has assembled the following sales information. You are researching the options for pricing the courses. Your goal is to achieve maximum revenue to establish funding to maintain and update the system to reflect annual policy changes in licensing requirements. Complete the calculations for Total Revenue by determining how many customers will purchase at each of the segment prices. Online Self Certifications for Social Work License Certification in Online Counseling Certification as a Group Home Counselor Bundle Customers TR Counseling TR Group Home TR Bundle Segment 1 1000 $190 a $70 e $260 4a Segment 2 1000 $150 b $90 f $240 4b…
- Jewel-Osco evaluated three different pay-by-touch systems that identify a customer by a finger scan and automatically deduct the amount of the bill directly from their checking account. The revenue alternatives were ranked according to increasing initial investment and identified as alternatives A, B, and C. Comparison i*, % Δi*, % A to DN 23.4 B to DN 8.1 C to DN 16.6 B vs. A −5.1 C vs. A 12.0 C vs. B 83.9 Based on the alternative ROR values (i*), the incremental ROR values (Δi*), and the company’s MARR of 16% per year, the alternative to select is: (a) A (b) B (c) C (d) DNYou are working as a summer intern at a rapidly growing orgainc food distribution. Part of your responsibility is to assist in the accounts payable department. You notice that most of the bills are not paid with in discount period. The manager of the accounts payable sees the bills are organized by vendor, like the accounts payable ledger, and she is too busy to keep track of the discounts period. Besides, the owner has told her that The 1% and 2% discount available or not worth worrying about. 1. Explain to the owner why it is expensive not to take it advantage to cash discounts on credit purchases. suggest a way to file (organize) suppliers invoices so that they are paid with in the discount period.Your supervisor tells you to change the aging category of a large account from account receivables from over 120 days to current status and prepare a new invoice to the customer with the revised date that agrees with this new category. this will change the required allowance of uncollectible accounts from $180,000 to $135,000. what is the ethical dilemma the assistant controller faces?what are the ethical considerations? consider the options and responsibilities as the assistant controller
- 4 Ken is a customer at Orange Grove Bank and frequently banks online. One day he receives an email with his banks logo on the top. The email states: You have been preapproved for a premium credit card, with an introductory rate of zero percent APR. The email then asks Ken to click on a link provided in the email to activate his card. Ken clicks on the link and is directed to a website where he is asked to provide personal financial information and his Social Security number. What law, or rule, applies to this situation?the supervisor tells you to change the aging category of a large account from over 120 days to current status and prepare a new invoice to the customer with the revised date and that agrees with the new category this will change the required allowance of uncollectible accounts from $180,000 to $135,000. What are the potential consequences if you do comply with your supervisors instructions?Who will be negatively impacted?Brandin Grocers gives one loyalty point to its customers for every dollar spent in the store. The loyalty points will not expire. Customers can redeem these points and are eligible to receive a box of cookies if they redeem 100 points. Brandin Grocers purchase these cookie boxes from the baker @ $3 a box. Because the offer is so popular, 98 per cent of the customers redeem their loyalty points to get the box of cookies.In the month of December 20x1, the total sales recorded in the Store were $ 442,000. You are required to calculate the liability amount and provide the necessary entries.