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- Explain Johnson’s rule?what is the implication of ERG theory of alderferYear Quarter Revenue2010 1 7,131.002010 2 6,566.002010 3 7,560.002010 4 12,947.002011 1 9,857.002011 2 9,913.002011 3 10,876.002011 4 17,431.002012 1 13,185.002012 2 12,834.002012 3 13,806.002012 4 21,268.002013 1 16,070.002013 2 15,704.002013 3 17,091.002013 4 25,587.002014 1 19,741.002014 2 19,340.002014 3 20,578.002014 4 29,329.002015 1 22,717.002015 2 23,184.002015 3 25,358.002015 4 35,747.002016 1 29,128.002016 2 30,404.002016 3 32,714.002016 4 43,741.002017 1 35,714.00 2017 2 37,955.002017 3 43,744.002017 4 60,453.002018 1 51,042.002018 2 52,886.002018 3 56,576.002018 4 72,383.002019 1 59,700.002019 2 63,404.002019 3 69,982.002019 4 87,436.002020 1 75,452.002020 2 88,912.002020 3 96,145.002020 4 125,555.00
- Compensation; Net Present Value (see Chapter 12) Kate’s Candy Co. makes chewy chocolate candies at a plant in Winston-Salem, North Carolina. Steve Bishop, the production managerat this facility, installed a packaging machine last year at a cost of $500,000. This machine isexpected to last for 10 more years with no residual value. Operating costs for the projected levelsof production, before depreciation, are $100,000 annually.Steve has just learned of a new packaging machine that would work much more efficiently inthe production line. This machine would cost $580,000 installed, but the annual operating costswould be only $40,000 before depreciation. This machine would be depreciated over 10 yearswith no residual value. He could sell the current packaging machine this year for $250,000. Steve has worked for Kate’s Candy for 7 years. He plans to remain with the firm for about 2 moreyears, when he expects to become a vice president of operations at his father-in-law’s company.Kate’s Candy…Sales tax rate 7% on account to Trailor Stores, $3,248.00, plus sales tax S321 1 3 Sold merchandise Received cash on account from Jenkins & Sanders LLP, covering S312 for $945.00. R348. 5 Recorded cash and credit card sales, $1,485.00, plus sales tax, $92.14; total, $1,577.14. TS6. Received cash on account from Luxury Suites, $4,219.00, covering 5320, less a 2% discount. R349. 10 Sold merchandise on account to Southwestern University, $1,435.00. Southwestern University is exempt from sales tax. S322. 12. Received cash on account from Daniel Smith Promotions, $1,471.00 covering 5345. R350. 16. Recorded cash and credit card sales, $1,020.50, plus sales tax, $64.59, total, $1,085.09. TS7. 20 prove, and rule the sales journal. Pas the sales journal to the general ledger. Tal and prove the cash receipts journal. Pove cash. On March 31, the balance on the next unused check stub was $11,582.54. Rule the cash receipts journal. 1. Post the cash receipts journal to the general ledger.…Q.1.4.2 Explain whether it is possible for a legal subject to possess one of the above forms of capacity without the other and justify your answer.
- A 98.What happens when an employee records a fictitious refund of goods at his cash register? Question 1Answer a. The victim company’s inventory is understated. b. A disbursement from the register is unrecorded. c. The victim company’s inventory is overstated, and a disbursement from the register is recorded. d. The victim company’s inventory is unreported, and a disbursement from the register is overstatedWarehouse: 3. Comment on Stock Inspection.
- Answer plsssQuestion #30 of 85 Question ID: 1251796 Debbie owns 100% of the common stock (3,750 shares, valued at $2,517,000) of Great West Linens Inc. Her daughters are full-time employees of the business. The business has a 10% average annual growth rate. Debbie has the following goals for the future: To further involve her daughters in the business To maintain control of the business to prevent its sale or liquidation during her lifetime To freeze the value of the business in her gross estate To receive sufficient income to maintain her current standard of living both currently and in retirement Which one of the following is the most appropriate form of business transfer for Debbie? A) A preferred stock recapitalization in which Debbie receives a majority of the shares with voting rights, a fixed liquidation value, and qualified income payments, and transfers other shares to her daughters B) A private annuity transaction with her daughters transferring all of her shares in…QUESTION 1 Identify each of the following as an asset, contra asset, liability, or equity.