match the jobs with the academic requirements.​

Match The Jobs With The Academic Requirements.

Answers

Answer 1

Answer:

lifegaurd- the first one

college facutly member- second one

chamber of commerce officer- third one

firefighter- the last one

Answer 2

Answer:

a. the training program and certification in cardiopulmonary resuscitation in first aid.

b. a bachelor's degree in business and experience.

c. a high school diploma and training

d. a Masters or doctoral program

Explanation:


Related Questions

EZ Rental Car offers rental cars in an off-airport location near a major tourist destination in Florida Management would like to better understand the behaviour of the company's costs. One of those costs is the cost of washing cars. The company operates its own car wash facility in which each rental car that is returned is thoroughly cleaned before being released for rental to another customer Management believes that the costs of operating the car wash should be related to the number of rental returns. Accordingly, the following data have been compiled:
Month Rental Returns Car Wash Costs
January 2,470 $11,713
February 2,533 $13,491
March 2,801 $12,505
April 3,114 $15,349
May 3,700 $16,934
June 5,181 $24,655
July 5,592 $22,870
August 5,668 $23,930
September 4,788 $23,460
October 4,522 $23,183
November 2,266 $11,430
December 3,055 $16,681
Required:
Using least-squares regression, estimate the fixed cost and variable cost elements of monthly car wash cost.
Fixed cost
Variable cost per unit

Answers

Answer:

I used an excel spreadsheet to calculate this:

the least squares regression line:

y = a + bx

y = $2,937 + 3.96x

where y = total cash wash costs and x = rental returns

fixed costs = $2,937 per month

variable cost = $3.96 per car washed            

he ledger of the General Fund of the City of New Elisa shows the following balances at the end of its fiscal year. Prepare closing journal entries for these budgetary and financial accounts. Estimated revenues $300,000 Appropriations 305,000 Budgetary fund balance 5,000 Revenues 300,000 Expenditures 285,000 Description Debit Credit Answer Answer Answer Answer Answer Answer Answer Answer Answer To close budgetary accounts. Answer Answer Answer Answer Answer Answer Answer Answer Answer To close financial accounts.

Answers

Answer and Explanation:

The closing journal entries are shown below:

1. Appropriations Dr $305,000

        To Estimated revenues $300,000

         To BUdgteary fund balance $5,000

(Being budgetary accounts are closed),

2. Revenues Dr $300,000

         To Expenditures $285,000

          To Fund balance $15,000

(Being the financial accounts are closed)

This HWA explores epistemologies of your areas of concentration for your BUS degree. You will list each concentration, the major purpose of the concentration, the common methods used, major theorists in the field, and how you see the concentration fitting into your future career. You should have 3 concentrations if you are a BUS or HS major. If you are majoring in another field, use your major plus select the additional 2 concentrations of your choice to use throughout the INTS program that interest you and fit best your career plans.

Submit your 3 concentration explorations by typing them in the submission box for HWA 2. If you choose to upload a file, make sure it is Microsoft Word or PDF. I will not accept incompatible files that can't be opened in Blackboard.

Please use the following format:

CONCENTRATION 1-

Name:

Purpose:

Common Methods:

Major Theorists:

How does this concentration fit into my future career?

CONCENTRATION 2-

Name:

Purpose:

Common Methods:

Major Theorists:

How does this concentration fit into my future career?

CONCENTRATION 3-

Name:

Purpose:

Common Methods:

Major Theorists:

How does this concentration fit into my future career?

Answers

Answer:

Lalit- It is a mix of song, dance, and story presentation.

Bharu - It includes singing of Bhajans followed by characters presenting a story connected to day to day life.

All are various forms of arts!

The two big drivers of outsourcing are Select one: A. that a smaller in-house workforce and a low investment in intellectual capital will produce cost savings. B. a desire to reduce the company's investment in fixed assets and the need to narrow the scope of the company's in-house competencies and competitive capabilities. C. an increased ability to cut R&D expenses and an increased ability to avoid the problems of strategic alliances. D. that outsiders can often perform certain activities better or more cheaply, and outsourcing allows a firm to focus its entire energies on those activities that are at the center of its expertise (its core competencies). E. the ability to avoid capital investments that accompany vertical integration and a desire to reduce the company's risk exposure to changing technology and/or changing buyer preferences.

Answers

Answer:

Option D. that outsiders can often perform certain activities better or more cheaply, and outsourcing allows a firm to focus its entire energies on those activities that are at the center of its expertise (its core competencies).

Explanation:

Outsourcing is the use of external entities to undertake the key business activities. When we outsource certain value chain activities makes strategic sense if only the activity can be performed better or more cheaply by outside specialist, ifthe activity is not crucial to the firm's ability to achieve sustainable competitive advantage, he outsourcing improves organizational flexibility and speeds time to market and also leverage its key resources, and do even better what it already does best.

The two big drivers of outsourcing are that outsiders can often perform certain activities better or more cheaply, and outsourcing allows a firm to focus its entire energies on those activities that are at the center of its expertise. Option D is correct.

The term “Outsourcing” refers to the practice of outsourcing work that is typically done within a company. Outsourcing is a concept that many entrepreneurs are familiar with, and it’s something that many small businesses do on a regular basis.

Outsourcing includes outsourcing payroll, accounting, distribution, and many other important functions.

Therefore the correct answer is option D.

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Prepare journal entries to record the following transactions for a retail store. The company uses a perpetual inventory system and the gross method. Apr. 2 Purchased $5,600 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shipping point. 3 Paid $290 cash for shipping charges on the April 2 purchase. 4 Returned to Lyon Company unacceptable merchandise that had an invoice price of $650. 17 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise. 18 Purchased $10,500 of merchandise from Frist Corp. with credit terms of 1/10, n/30, invoice dated April 18, and FOB destination. 21 After negotiations, received from Frist a $500 allowance toward the $10,500 owed on the April 18 purchase. 28 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount.

Answers

Answer:

1. Dr Merchandise inventory 5,600

Cr Account payable 5,600

2. Dr Merchandise inventory 290

Cr Cash 290

3. Dr Account payable 650

Cr Merchandise inventory 650

4. Dr Account payable 4,950

Cr Bank 4,851

Cr Merchandise inventory 99

5. Dr Merchandise inventory 10,500

Cr Account payable 10,500

6. Dr Account payable 650

Cr Merchandise inventory 650

7. Dr Account payable 10,500

Cr Cash 10,395

Cr Merchandise inventory 105

Explanation:

Preparation of Journal entries

1. Journal entry to record purchase

Dr Merchandise inventory 5,600

Cr Account payable 5,600

(To record purchase)

2. Journal entry to record shipping charges

Dr Merchandise inventory 290

Cr Cash 290

(To record shipping charges)

3. Journal entry to record purchase return

Dr Account payable 650

Cr Merchandise inventory 650

(To record purchase return)

4. Journal entry to record amount paid

Dr Account payable 4,950

(5,900-650)

Cr Bank 4,851

(4,950*98%)

Cr Merchandise inventory 99

(4,950-4,851)

(To record amount paid)

5. Journal entry to record purchase

Dr Merchandise inventory 10,500

Cr Account payable 10,500

(To record purchase)

6. Journal entry to To record allowance

Dr Account payable 650

Cr Merchandise inventory 650

(5,600-4,950)

(To record allowance)

7. Journal entry to record amount paid

Dr Account payable 10,500

Cr Cash 10,395

(10,500*99%)

Cr Merchandise inventory 105

(10,500-10,395)

(To record amount paid)

Why are tangible features important to include in development of a service?

A. Because services are an example of specialty goods.
B. Because they provide storage space for services.
C. Because services are mainly tangible.
D. Because customers can't try many services before buying. ​

Answers

The tangible features are important to include in generally and actually development of a service because customers can't try many services before buying Option(d) is correct.

What is an Tangible feature?

A tangible feature is something that can fulfill a possibility's distinguished need. Tangible features are the realities that your possibilities coherently use to legitimize their profound choices.

They incorporate the graphic qualities of your item or administration and the components of your proposition, including motivating forces. The features of your item or administration are the qualities you use to portray it. They are the characteristics that can measure up to contenders.

You realize you're taking a gander at a tangible feature in the event that it very well may be recorded on a promotion, a spec sheet or a correlation diagram, similar to these models. These are features that you can rundown and guests can look at and verify. Your items and administrations have many features.

Therefore Option(d) is correct.

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The gaming commission is introducing a new lottery game called Infinite Progresso. The winner of the Infinite Progresso jackpot will receive $800 at the end of January, $2,100 at the end of February, $3,400 at the end of March, and so on up to $15,100 at the end of December. At the beginning of the next year, the sequence repeats starting at $800 in January and ending at $15,100 in December. This annual sequence of payments repeats indefinitely. If the gaming commission expects to sell a minimum of 1,150,000 tickets, what is the minimum price they can charge for the tickets to break even, assuming the commission earns 3.00 %/year/month on its investments and there is exactly one winning ticket

Answers

Answer:

Explanation:

3% per year

monthly interest = [tex]( 1.03 )^\frac{1}{12} -1[/tex]

= 1.00246 -1 = .246 %

Present value of cash flow = 780 + 2000.37 + 3160.93 + 4264.62+ 5313.48

+ 6309.52 + 7254.67 + 8150.8 + 8999.71 + 9803.16 + 10562.85 + 11280.40

= 77880.51

capitalised cost for this cash outflow for indefinite period

= 77880.51  / .03 = 2596017

no of tickets = 1150000

price per ticket for break even

= 2596017  / 1150000

= 2.257

price per ticket for break even = 2.257

The following information is available for Sunland Company.
January 1, 2020 2020 December 31, 2020
Raw materials
inventory $22,250 $32,860
Work in process
inventory 15,470 18,560
Finished goods
inventory 30,780 21,290
Materials
purchased $154,500
Direct labor 225,290
Manufacturing
overhead 183,120
Sales revenue 902,310
Compute cost of goods manufactured.

Answers

Answer:

                                     Sunland Company

                        Cost of goods manufactured Schedule

                                           For the year ended

Work in progress                                                      15,470

Direct Materials

Raw material                                       22,250

Add: Raw material purchased           154,500

Total raw material available for use  176,750

Less: Raw material inventory             32,850

Direct material used                                               143,890

Direct labor                                                             225,290

Manufacturing overhead                                        183,120

Total manufacturing costs                                                        552,300

Total cost of work in progress                                                  567,770

Less: Work in process inventory                                                18,560

Cost of goods manufactured                                                    549,210

Allitron, Inc., and Donovan, Ltd., are interstate competitors selling similar appliances, principally in the state of Illinois, Indiana, Kentucky, and Ohio. They agree that Allitron will no longer sell in Indiana and Ohio and that Donovan will no longer sell in Illinois and Kentucky. Identify the law or laws they are violating and why. Also, explain what, if any, punishment could result from this violation of the antitrust laws

Answers

Answer:

Since Allitron and Donovan engage in interstate commerce, they are regulated by the Sherman Antitrust Act. They incurred in collusion, which is illegal since they are restraining interstate commerce. Since they are competitors, they are prohibited from simply dividing sales territories, they should instead be competing for who serves them better.

Several punishments can result from this type of behavior:

the companies can be fined with up to $1 million eachtheir upper management can be sent to jail for up to 3 yearsthe Department of Justice should take actions that limit this

Uli produces stereo speakers. The selling price per pair of speakers is $1,930. There is no beginning inventory. Costs involved in production are: Direct material $162 Direct labor 210 Variable manufacturing overhead 98 Total variable manufacturing costs per unit $470 Fixed manufacturing overhead per year $679,420 In addition, the company has fixed selling and administrative costs: Fixed selling costs per year $199,000 Fixed administrative costs per year $102,500 During the year, Uli produces 1,610 pairs of speakers and sells 1,340 pairs. Exercise 5.4 Correct answer iconYour answer is correct. What is the value of ending inventory using full costing

Answers

Answer:

Ending inventory= $240,840

Explanation:

Giving the following information:

Total variable manufacturing costs per unit $470

Fixed manufacturing overhead per year $679,420

During the year, Uli produces 1,610 pairs of speakers and sells 1,340 pairs.

The full costing method (absorption costing) 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.

First, we need to calculate the total production cost:

Total cost= 1,610*470 + 679,420

Total cost= $1,436,120

Now, the unitary cost and ending inventory cost:

Unitary cost= 1,436,120/1,610= $892

Ending inventory= $892*270 units

Ending inventory= $240,840

On January 1, 2020, a foundation made a pledge to pay $15,000 per year at the end of each of the next five years to the Cancer Research Center, a nonprofit voluntary health and welfare organization, as a salary supplement for a well-known researcher. On December 31, 2020, the first payment of $15,000 was received and paid to the researcher. On the books of the Cancer Research Center, record the pledge on January, assuming the appropriate discount rate is 5 percent on an annual basis. The appropriate present value annuity factor is 4.32948. Record the increase in the present value as of December 31. Record the receipt of the first $15,000 on December 31 and the payment to the researcher. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round intermediate calculations and final answers to the nearest whole dollar.)

Answers

Answer:

                                   Journal entries

           General journal                                    Debit    Credit

1) Contribution receivable                             $64,942

     ($15000 * 4.32948 )

           Contribution- temporarily restricted                $64,942

2)  Contribution receivable                             $3,247

       ($64942 * 5%)

            Contribution- temporarily restricted               $3,247

3)  Cash contribution - receivable                  $15,000

            Contribution- receivable                                $15,000

Reclassification from temporarily restricted net

Assets expiration from temporarily restrictions

  Reclassification to unrestricted net assets  $15,000

           Expiration of time restrictions                           $15,000

Research expenses:

Salary statement                                               $15,000  

    Cash                                                                          $15,000

Chris P. Bacon is the chief accountant for CV Industries, a large manufacturing company. In addition to its normal business activities, the company has excess warehouse space that it rents out to local businesses. Because the typical renter is a small business, CV Industries requires renters to make lease payments for the entire rental period on the day the lease is signed. As a result, CV Industries typically reports a large unearned rent balance on its balance sheet. After making adjusting entries for the current year, Chris prepares the adjusted trial balance and notices that the company’s earnings will decline significantly. He presents the adjusted trial balance to the company’s CFO, Antonio Beldin, who is concerned about the earnings decline. Mr. Beldin notices the large unearned rent balance and proposes making an additional end-of- period adjusting entry to recognize the entire unearned rent balance as revenue in the current period. Chris protests, reminding Mr. Beldin that the adjusting entry for unearned rent has already been made. Mr. Beldin assures Chris that his proposal is acceptable, reminding Chris that "because we have already received the cash, we have the right to recognize the revenue in the current period." He instructs Chris to make the additional adjusting journal entry. Chris is hesitant to follow these instructions, but he is sensitive to the company’s emphasis on earnings growth and makes the adjusting entry as instructed.Is Chris behaving ethically? Why?Who is affected by Chris’s decision?

Answers

Answer:

CV Industries

1. Chris is not behaving ethically if he follows through with Mr. Berdin's instructions to make the additional adjusting journal entry.  This adjustment will result to smoothening the revenue by using the unearned rent revenue.

2. This unethical practice does not comply with IFRS 15, Revenue from Contracts with Customers, which is harmonized with US GAAP.  This requires that revenue be recognized for actual performance of contract obligations.

3. The stockholders will be misled by Chris' decision.  Creditors, potential investors, and other users of financial reports will also be misled when the revenue for the future periods are recognized in the current period.

Explanation:

Revenue should be recognized when the performance obligation relating to the revenue has been fulfilled.  And in accordance with the accrual concept and matching principle of generally accepted accounting principles, only revenue relating to the period should be recognized.

Based on the information given, it can be deduced that the behavior of Chris is not ethical.

In this case, the company has not followed the requisite standards and GAAP. It should be noted that the unearned rent must not be booked as income.

Even though the amount is received, then it would be accounted as advance received. Due to this, the financial statements give a false financial position.  Lastly, the organization and the investors are affected by Chris's decision.

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Production Costs 1. Transferred out 14,100 units. Beginning work in process $0 2. Started 4,400 units that are 60% Materials 63,825 complete as to conversion Labor 17,328 costs and 100% complete as Manufacturing overhead 19,500 to materials at July 31. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Incorrect answer. Your answer is incorrect. Try again. Determine the equivalent units of production for (1) materials and (2) conversion costs.

Answers

Answer and Explanation:

The computation of the equivalent units of productions for material and conversion is shown below:

Particulars                     Materials              Conversion costs  

Units transferred out     14100                     14100  

Add:

Ending work in process  4400                    2640

                                                                 (4,400 × 60%)

Total equivalent

units of production        18500                       16740

Which reasons can be fixed by having a money plan?

Answers

Answer:

The given question relates to budgeting. In simple words, budgeting helps one to set up a saving schedule for thier finances, it means that people still have sufficient funds for the items they need and activities which are valuable to them. The expenditure or savings strategy will either keep you free of trouble or assist you get this out of debt if you're already in debt.

On January 2, 2015, Quick Delivery Company traded in an old delivery truck for a newer model. The exchange lacked commercial substance. Data relative to the old and new trucks follow:
Old Truck
Original cost $24,000
Accumulated depreciation as of January 2, 2015 16,000
Fair value of used machine 6,000
New Truck
List price $36,000
Trade in allowance for used machine 6,000
Cash paid with trade in 30,000
What should be the cost of the new truck for financial accounting purposes?
a. $30,000.
b. $36,000.
c. $38,000.
d. $40,000.

Answers

Answer:

$36,000

Explanation:

The first step is to calculate the fair value of the new truck

(List price-cash paid with trade)-(original cost -accumulated depreciation)

= (36,000-30,000)-(24,000-16,000)

= 6000-8000

= loss of $2000

Therefore the cost of the new truck for financial accounting purposes can be calculated as follows

(Original cost- accumulated depreciation)+cash paid with trade-loss

= (24,000-16,000)+30,000-2000

= 8,000 + 30,000 - 2,000

= 38,000-2,000

= $36,000

Hence the cost of the new truck for financial accounting purposes is $36,000

During March, the production department of a process operations system completed and transferred to finished goods 23,000 units that were in process at the beginning of March and 130,000 units that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 57% complete with respect to conversion. At the end of March, 32,000 additional units were in process in the production department and were 100% complete with respect to materials and 32% complete with respect to conversion. Compute the number of physical units transferred to finished goods.

Answers

Answer:

-

Explanation:

Barry's Tire Service completed 100 tire changes, six brake jobs, and 16 alignments in an eight-hour day with his standard crew of six mechanics. A brake specialist costs $16 per hour, a tire changer costs $8 per hour, and an alignment mechanic costs $14 per hour. The materials cost for a day was $2000, and overhead cost was $500. What is the shop's labor productivity if the retail price for each respective service is $60, $150, and $40

Answers

Answer:

Labor productivity is 157.083 per hours

Explanation:

Number of tires changed = 100 tire

Number of brake jobs = 6

Alignment job = 16  

Number of standard crew = 6 machines

The cost of break specialist = $16 per hour

Cost to change tire = $8

Alignment costs = $14 per hour.

Given the cost of material = $2000

Overhead cost = $500

Now we have to find labor productivity hours.

Labor productivity = Output / Labor hours

Labor productivity = (100)(60) + (6)(150)+(16)(40) / (6)(8)

Labor productivity = (6000 + 900 + 640) / 48

Labor productivity = 157.083 per hours

Quinlan-Cohen, Inc., publishers of movie and song trivia books, made the following errors in adjusting the accounts at year-end (December 31):______.
a. Did not accrue $1,000 owed to the company by another company renting part of the building as a storage facility.
b. Did not record $15,000 depreciation on the equipment costing $121,000.
c. Failed to adjust the Unearned Fee Revenue account to reflect that $1,500 was earned by the end of the year.
d. Recorded a full year of accrued interest expense on a $21,000, 11 percent note payable that has been outstanding only since November 1.
e. Failed to adjust Prepaid Insurance to reflect that $620 of insurance coverage had been used.
Required:
1-a. Prepare the adjusting journal entry that was made, if any at year-end. (If no entry is made for a transaction/event, select "No journal entry made" in the first account field.)
1-b. Prepare the adjusting journal entry that should have been made at year-end. (Do not round intermediate calculations. If no entry is made for a transaction/event, select "No journal entry made" in the first account field.)
2. Using the following headings, indicate the effect of each error and the amount of the effect (that is, the difference between the entry that was or was not made and the entry that should have been made). Use O if the effect overstates the item, U if the effect understates the item. (Reminder: Assets = Liabilities + Stockholders' Equity; Revenues - Expenses = Net Income, and Net Income accounts are closed to retained Earnings, a part of Stockholders' Equity.)

Answers

Answer:

Quinlan-Cohen, Inc.

1-a. Adjusting journal entry made:

d. Debit Interest Expense $21,000

Credit Interest Expense Payable $21,000

Which recorded the full year of accrued expense.

1-b. Adjusting journal entry that should have been made:

a. Debit Rent Receivable $1,000

Credit Rent Revenue $1,000

To accrue rent.

b. Debit Depreciation Expense - Equipment $15,000

Credit Accumulated Depreciation - Equipment $15,000

To record depreciation expense for the period.

c. Debit Unearned Fee Revenue $1,500

Credit Fee Revenue $1,500

To record Earned Fee Revenue for the year.

d. Debit Interest Expense $3,500

Credit Interest Expense Payable $3,500

To accrue interest expense for the year (2 months).

e. Debit Insurance Expense $620

Credit Prepaid Insurance $620

To record insurance expense for the year.

2. Indication of the effect of each error and the amount of the effect:

Assets = Liabilities + Stockholders' Equity; Revenues - Expenses = Net Income

a. Assets $1,000 U = Liabilities + Stockholders' Equity $1,000 U

b. Assets $15,000 O = Liabilities + Stockholders' Equity $15,000 O

c. Assets = Liabilities $1,500 O + Stockholders' Equity $1,500 U

d. Assets = Liabilities $17,500 O + Stockholders' Equity $17,500 U

e. Assets $620 O = Liabilities + Stockholders' Equity $620 O

Explanation:

The accounting equation shows that with each transaction, Assets are always equal to Liabilities + Stockholders' Equity.  This is illustrated with the above adjustments made.

On January 1, Company A leased equipment for a six-year period. Annual lease payments are $12,000 due on December 31 of each year. The payments are calculated by the lessor using a 6% discount rate. If Company A's revenues exceed a specified amount during the lease term, Company A will pay an additional $5,000 lease payment at the end of the lease. Company A estimates a 60% probability of meeting the target revenue amount. What amount should be recorded as the right-of-use asset and lease liability under the contingent rent agreement

Answers

Answer:

Dr Right of use asset 59,007.60

    Cr Lease liability 59,007.60

Explanation:

Variable lease payments are generally not included as right of use asset or lease liability. Even though a 60% possibility exists that an additional $5,000 will be paid, they are not based on an index and are not disguised payments (only two exceptions to this rule).

Annual lease payments = $12,000

PV annuity factor, 6%, 6 periods = 4.9173

PV of lease payments = $12,000 x 4.9173 = $59,007.60

Bethesda Mining Company reports the following balance sheet information for 2018 and 2019.
BETHESDA MINING COMPANY
Balance Sheets as of December 31, 2018 and 2019
2018 2019 2018 2019
Assets Liabilities and Owners’ Equity
Current assets Current liabilities
Cash $ 45,262 $ 57,602 Accounts payable $ 190,922 $ 198,611
Accounts receivable 61,281 81,639 Notes payable 86,020 137,588
Inventory 126,088 192,061
Total $ 276,942 336,199 Total $ 232,631 331,302
Long-term debt $ 239,000 $ 175,750
Owners’ equity
Common stock and 216,000 216,000
paid-in surplus
Accumulated retained 158,636 192,931
earnings
Fixed assets
Net plant and $ 657,947 $ 589,578
equipment Total $ 374,636 408,931
Total assets $ 890,578 920,880 Total liabilities and $ 890,578 920,880
owners’ equity
Calculate the following financial ratios for each year:
a. Current ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
b. Quick ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
c. Cash ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
d. Debt-equity ratio and equity multiplier. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
e. Total debt ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Answers

Answer:

a. Current ratio = current assets / current liability

2018 = 276,942 / 232,631 = 1.19

2019 = 336,199 / 331,302 = 1.01

b. Quick ratio = (current assets - inventory) / current liabilities

2018 = (276,942 - 126,088) / 232,631 = 0.65

2019 = (336,199 - 192,061) / 331,302 = 0.44

c. Cash ratio = (cash + cash equivalents) / current liabilities

2018 = 45,262 / 232,631 = 0.19

2019 = 57,602 / 331,302 =  0.17

d. Debt-equity ratio = debt / equity

2018 = 515,942 / 374,636 = 1.38

2019 = 511,949 /408,931 = 1.25

equity multiplier = assets / equity

2018 = 890,578 / 374,636 = 2.38

2019 = 920,880 /408,931 = 2.25

e. Total debt ratio = debt / assets

2018 = 515,942 / 890,578 = 0.58

2019 = 511,949 / 920,880 = 0.56

0.71 points eBookPrintReferences Check my work Check My Work button is now enabledItem 2Item 2 0.71 points Kerianne paints landscapes, and in late 2021 placed four paintings with a retail price of $300 each in the Holmstrom Gallery. Kerianne’s arrangement with Holmstrom is that Holmstrom will earn a 10% commission on paintings sold to gallery patrons. As of December 31, 2021, one painting had been sold by Holmstrom to gallery patrons. How much revenue with respect to these four paintings should Kerianne recognize in 2021?

Answers

Answer:

$300

Explanation:

Based on the information given we were told that Kerianne paints placed four paintings that include a retail price of the amount of $300 for each of the four paintings in the Holmstrom Gallery which simply means that the amount of revenue with respect to the four paintings that Kerianne paints will recognize in the year 2021 will be the amount of $300.

Peter Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2016, managing partner Andrew Peters Prepared the following budget for the year:
Chance Manufacturing, Inc. is inviting several consultants to bid for work. Andrew Peters wants to submit a bid. He estimates that this job will require about 250 direct labor hours.
Direct labor hours (professionals) 25,000 hours
Direct labor costs (professionals) $2,500,000
Office rent 320,000
Support staff salaries 1,260,000
Utilities 420,000
Requirement 1.
Compute ​Realtors'
(a) hourly direct labor cost rate and​
(b) predetermined overhead allocation rate. Begin with​ (a) hourly direct labor cost rate. Direct labor / = cost rate / = per hour Now compute ​Realtors' (b) predetermined overhead allocation rate. Predetermined overhead / = allocation rate / = %
Requirement 2. Compute the predicted cost of the Manufacturing job. Root Realtors Estimated Cost of the White Manufacturing Job hrs. x = + % x = Total predicted cost
Requirement 3. If wants to earn a profit that equals ​% of the​ job's cost, how much should bid for the Manufacturing​ job? Add: Required service revenue

Answers

Answer:

1. Hourly Direct Labor Cost rate = Direct Labor cost / Direct Labor hours

Hourly Direct Labor Cost rate = 2,500,000 / 25,000

Hourly Direct Labor Cost rate = $100 per hour

Computation of Indirect cost

Office Rent                     $320,000

Support staff salaries    $1,260,000

Utilities                           $420,000

Total Indirect Costs      $2,000,000

Predetermined indirect cost allocation rate = = Total Estimated indirect cost / Total estimated direct labor cost  = 2,000,000 / 2,500,000  = 80% of Direct Cost

2.  Direct Labor            $25,000  (250 * 100)

Indirect Cost               $20,000  (25,000 * 80%)

Total Predicted cost   $45,000

3. Predicted cost                   $45,000

Desired Profit                       $22,500 (50% of $45,000)

Required Service revenue  $67,500

Kenney Co. uses process costing to account for the production of canned energy drinks. Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Equivalent units have been calculated to be 15,600 units for materials and 12,950 units for conversion costs. Beginning inventory consisted of $9,500 in materials and $4,450 in conversion costs. April costs were $55,800 for materials and $55,824 for conversion costs. Ending inventory still in process was 5,300 units (100% complete for materials, 50% for conversion). The cost per equivalent unit for conversion costs using the weighted average method would be:_______.
a. $4.00.b. $4.40.c. $1.10.d. $8.70.

Answers

Answer:

Kenny Co.

Cost per equivalent units:

                             Materials       Conversion

Costs:                  $55,800          $55,824

Equivalent units     15,600             12,950

Cost per equivalent:

Materials:

$55,800/15,600 =  $3.58           $4.31 ($55,824/12,950)

Cost per equivalent unit for Conversion = $4.31

Explanation:

a) Data and Calculations:

Equivalent units:

Materials 15,600

Conversion 12,950

Beginning WIP:

Materials $9,500

Conversion $4,450

April costs:

Materials = $55,800

Conversion $55,824

Ending WIP:

Materials = 5,300 (100% complete)

Conversion = 2,650 (50% complete)

Sunland Corporation had net sales of $2,427,500 and interest revenue of $40,000 during 2020. Expenses for 2020 were cost of goods sold $1,465,500, administrative expenses $220,600, selling expenses $289,300, and interest expense $47,900. Sunland’s tax rate is 30%. The corporation had 103,100 shares of common stock authorized and 71,990 shares issued and outstanding during 2020. Prepare a condensed multiple-step income statement for Sunland Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.)

Answers

Answer and Explanation:

The preparation of the condensed multiple-step income statement is presented below:

Net sales                       $2,427,500

Less: Cost of goods sold -$1,465,500

Gross profit                    $962,000

Less:

Selling expenses            $289,300

Administrative expenses $220,600  ($509,900)

Income from operations  $452,100

Other revenue and gains  

Interest revenue             $40,000

Other expenses and losses  

Interest expense     $47,900 ($7,900)

Income before income tax   $444,200

Income tax expense(30%)  ($133,260)

Net income  $310,940

Earnings per share($310,960 ÷ 71,990 shares)  $4.32

Lupine Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 31,700 Total fixed manufacturing overhead cost $ 253,600 Variable manufacturing overhead per machine-hour $ 6.00 Recently, Job L716 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 30 Direct materials $ 690 Direct labor cost $ 1,380 The amount of overhead applied to Job L716 is closest to: (Round your intermediate calculations to 2 decimal places.)

Answers

Answer:

Allocated MOH= $420

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (253,600/31,700) + 6

Predetermined manufacturing overhead rate= $14 per machine hour

Now, we can allocate overhead to Job L716:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 14*30

Allocated MOH= $420

Like many college students, Stephanie applied for and got a credit card that has an annual percentage rate (APR) of 18%. The first thing she did was buy a new HD Television for $300. At the end of the month, her credit card statement said she only needed to make a minimum monthly payment of $10. Assume Stephanie makes her payment when she sees her statement at the end of each month. If Stephanie doesn't charge anything else and only makes the minimum monthly payments, approximately how many months would it take her to completely pay off the HD Television? Assume that the credit card company compounds interest at the end of each month.
a) 40.2 months
b) 37.8 months
c) 35.8 months
d) 19.3 months
e) 46.3 months

Answers

Answer:

A

Explanation:

A financial calculator is needed to calculate the number of months needed to pay off for the TV

FV = 0

PMT = $10

PV = -$300

I = 18% / 12 = 1.5%

N = 40.15 years

Choose a well-known company in sports and entertainment management that you know ?

Answers

Dicks sporting goods?

The balance in the Prepaid Rent account before adjustment at the end of the fiscal year is $10,000, which represents five months of rent which was paid on December 1. The year-end adjusting entry required on December 31 is Group of answer choices debit Prepaid Rent, $2,000; credit Rent Expense, $2,000 debit Rent Expense, $8,000; credit Prepaid Rent, $8,000 debit Rent Expense, $10,000; credit Prepaid Rent, $10,000 debit Rent Expense, $2,000; credit Prepaid Rent, $2,000

Answers

Answer: debit Rent Expense, $2,000; credit Prepaid Rent, $2,000---D

Explanation:

Balance in Prepaid rent account = $10,000

Rent expense = $10,000/5 months = $2,000

Adjusting journal entry To record the expiration of rent for December month  

Date Accounts Titles and Explanations Debit Credit

Dec. 31 Rent Expense ($10,000/5 months) $2,000  

  Prepaid Rent                                                           $2,000

debit Rent Expense, $2,000; credit Prepaid Rent, $2,000---D

Journalize the following transactions for Brown Company using the gross method of accounting for sales discounts. Assume a perpetual inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure to enter the day for each separate transaction.
October 4 Sold goods costing $8,400 to Lee Company on account, $14,000, terms 4/10, n/30.
October 10 Lee Company was granted an allowance of $700 for returned merchandise that was previously purchased on account. The returned goods are in perfect condition.
October 14 Received the amount due from Lee Company.

Answers

Answer and Explanation:

The Journal entry is shown below:-

1. Accounts receivable Dr, $14,000  

            To Sales $14,000

(Being sales made is recorded)

2. Cost of goods sold Dr,$8,400  

          To Merchandise inventory $8,400

(Being cost of goods sold is recorded)

3. Sales return and allowances Dr, $700  

           To Accounts receivable $700

(Being return of the merchandise is recorded)

4. Merchandise inventory Dr, $420 ($700 × $8,400 ÷ $14,000)  

            To Cost of goods sold $420

(Being cost of merchandise returned is recorded)

5. Cash Dr, $13,300 ($14,000 - $700)

            To Accounts receivable $13,300

(Being receipt of cash is recorded)

Shao Airlines is considering the purchase of two alternative planes. Plane A has an expected life of 5 years, will cost $100 million, and will produce net cash flows of $30 million per year. Plane B has a life of 10 years, will cost $132 million, and will produce net cash flows of $25 million per year. Shao plans to serve the route for only 10 years. Inflation in operating costs, airplane costs, and fares are expected to be zero, and the company's cost of capital is 12%. By how much would the value of the company increase if it accepted the better project (plane)

Answers

Answer:

?????

Explanation:

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