Answer:
structurally unemployed.
Explanation:
Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;
1. Cyclical unemployment rate (CU).
2. Frictional unemployment rate (FU).
3. Structural unemployment rate (SU).
Structural unemployment can be defined as an involuntary unemployment that arises as a result of the incompatibility between a worker's skills set and requisite skills an employer seeks from the workers or due to technological changes.
This ultimately implies that, it describes a situation where an individual isn't able to secure a job as a result of insufficient number of jobs matching their qualifications, thus limiting their opportunities.
In this scenario, Monica Smith was unemployed because the steel company, where she worked, closed and moved overseas to a foreign country. Other steel companies have also closed. Her skills are not transferable to another industry and she is unable to get a job.
Hence, she would be classified as structurally unemployed.
During the month of March, Harley's Computer Services made purchases on account totaling $47,500. Also during the month of March, Harley was paid $14,000 by a customer for services to be provided in the future and paid $38,900 of cash on its accounts payable balance. If the balance in the accounts payable account at the beginning of March was $79,300, what is the balance in accounts payable at the end of March
Answer:
The balance in accounts payable at the end of March is $87,900
Explanation:
Accounts payable account shows the balance of the money owed by the business to the suppliers or service providers of the business against which the business received materials, products or services which is not paid at the time of receipt.
We can calculate the End of mArch balance of accounts payable of Harley's Computer Services as follow
Ending Balance = Beginning Balance + Purchases made during March - Payment Made during March
Where
Begining balance = $79,300
Purchases made during March = $47,500
Payment Made during March = $38,900
Pacing values in the formula
Ending Balance = $79,300 + $47,500 - $38,900
Ending Balance = $87,900
The payment of $14,000 made for the future services to be received. It will be classified as prepaid and advances.
A cement manufacturer has supplied the following data:
Tons of cement produced and sold 220,000
Sales revenue $924,000
Variable manufacturing expense $297,000
Fixed manufacturing expense $280,000
Variable selling and administrative expense $165,000
Fixed selling and administrative expense $82,000
Net operating income $100,000
What is the company's unit contribution margin?
a. $4.20 per unit
b. $0.45 per unit
c. $1.90 per unit
d. $2.10 per unit
Answer:
d. $2.10 per unit
Explanation:
Calculation for What is the company's unit contribution margin
First step is to calculate the Variable cost using this formula
Variable cost = Variable Manufacturing Expenses + Variable Selling & Administrative Expenses
Let plug in the formula
Variable cost = $297,000 + $165,000
Variable cost = $462,000
Second step is to calculate Total Contributiom Margin using this formula
Total Contributiom Margin=Sales – Variable Cost
Let plug in the formula
Total Contributiom Margin= $924,000 - $462,000
Total Contributiom Margin= $462,000
Now let calculate Unit Contribution Margin using this formula
Unit Contribution Margin= Total Contribution Margin/Total number produced and sold cement
Let plug in the formula
Unit Contribution Margin = $462,000 / 220,000 Unit Contribution Margin= $2.10 per unit
Therefore the Unit Contribution Margin will be $2.10 per unit
If the price elasticity of supply is 0.5 and the quantity supplied decreases by g 6%, then the price must:_______
Answer: Price decreased by 12%
Explanation:
Price elasticity = %Change in quantity / % change in price
0.5 = 6% / % change in price
0.5 * % change in price = 6%
% change in price = 6%/0.5
% change in price = 12%
A company manufactures and sells three products. The products are all manufactured at the same facility. The controller of the company has decided to accumulate all budgeted overhead costs for the manufacturing facility into a single cost pool. The cost pool is then allocated to the three products based on the direct labor hours used by each product. What type of overhead rate has the controller most likely used in this allocation methodology?
Answer:
Plant-wide rate.
Explanation:
A plant-wide rate can be defined as a single overhead rate used by business firms or companies to allocate the manufacturing overhead costs to the level of output or productivity.
In this scenario, company manufactures and sells three products. The products are all manufactured at the same facility. The controller of the company has decided to accumulate all budgeted overhead costs for the manufacturing facility into a single cost pool. The cost pool is then allocated to the three products based on the direct labor hours used by each product.
Hence, the type of overhead rate the controller most likely used in this allocation methodology is the plant-wide rate.
What is consumer demand?
A.
consumers’ willingness to purchase certain products over a period of time
B.
consumer complaints filed with the FTC and other government agencies
C.
consumer suggestions posted on company websites about products
D.
consumer requests for further product information
Answer:
consumers’ willingness to purchase certain products over a period of time
Explanation:
The goal of this exercise is to challenge your knowledge of the different managerial roles. Match each managerial role to the category in which it best fits.
1. Figurehead (Click to select)
2. Spokesperson (Click to select)
3. Leader (Click to select)
4. Resource Allocator (Click to select)
5. Disseminator (Click to select)
6. Disturbance Handler (Click to select)
7. Liaison (Click to select)
8. Entrepreneur (Click to select)
9. Monitor (Click to select)
10. Negotiator (Click to select)
Answer:
1) Interpersonal
2) Informational
3). Interpersonal
4). Decisional
5). Informational
6). Decisional
7)Interpersonal
8)Decisional
9)Decisional
10)Decisional
Explanation:
1. Figurehead [ Interpersonal]
2. Spokesperson [Informational]
3. Leader [Interpersonal]
4. Resource Allocator [ Decisional]
5. Disseminator [ Informational]
6. Disturbance Handler [. Decisional]
7. Liaison [Interpersonal]
8. Entrepreneur [Decisional]
9. Monitor [Decisional]
10. Negotiator [Decisional]
Managerial roles can be regarded as
specific behaviors which is been associated to different task in management. Managers utilize these
roles so that basic functions of management can be performed. These managerial role could be
✓informational roles
✓ interpersonal roles,
✓decisional roles.
According to Mintzberg, decisional roles is one of the essential role in management and it encompass entrepreneur as well as disturbance handle. Interpersonal roles are regarded as roles of having a grounded relationships between the workers and a manager.
plzz someone help me
An investor deposits $2,000 per year (beginning today) for 10 years in a 4% interest bearing account. The last cash flow is received 1 year prior to the end of the tenth year. What is the investor's future balance after 10 years?
Answer:
$24,012.21
Explanation:
Calculation for What is the investor's future balance after 10 years
Using financial to find the FV which represent future value
N 10 years
I/Y 4%
PV 0
PMT $2,000 per year
FV ?
Hence:
FV = $24,012.21
Therefore the investor's future balance after 10 years will be $24,012.21
On which of these are individuals required to pay income taxes in the United States? Check all that apply. wages tips gasoline store purchases investment earnings
Answer:
wages tips investment earnings
Individuals are required to pay income taxes in the United States on:
WagesTipsinvestment earningsWhat is a tax?This is known to be a kind of mandatory financial payment or some kind levy that is often imposed on a taxpayer by a country.
Note that in the, United States individuals required to pay income taxes on wages, tips and investment earnings.
Learn more about wages from
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Various executive compensation plans have been employed to motivate managers to make decisions that maximize shareholder wealth. These include: a. cash bonuses based on length of service with the firm b. bonuses for resisting hostile takeovers c. requiring officers to own stock in the company d. large corporate staffs e. a, b, and c only
Answer:
e
Explanation:
If mangers are compensated based on their length of service, it would encourage mangers to stay longer for with the firm. This would reduce the rate of turnover of firms.
If mangers are compensated for resisting hostile takeovers, it would align the interest of the firm with their firm instead of with the interest of that of the firm planning the hostile takeover
If mangers own stock of the company, there would be incentive to take actions to increase the value of their stock because if the value of the stock increases, the wealth of managers also increases
Internet Service Providers are protected from liability under the Digital Millennium Copyright Act's safe harbor provision for direct, vicarious, and contributory infringement of copyrights provided the ISP can show certain things. Which of the following is not a correct statement?
A. The ISP did not receive financial benefit directly attributable to the infringing activity.
B. The ISP responded expeditiously upon notification of the claimed infringement.
C. The ISP did have actual knowledge of the infringing activity.
D. The ISP did not have actual knowledge of the infringing activity.
E. The ISP expeditiously removed access to the problematic material upon obtaining knowledge of infringing activity.
Answer:
B. The ISP responded expeditiously upon notification of the claimed infringement.
Explanation:
As the name represent that internet service providers are the providers who provides the internet connections and services to the individuals, companies, etc. In addition to this, it also provides the software packages that could be in terms of browsers, e-mail accounts, etc
So based on the given situation, the option B is incorrect as it would not be repsonded at the time when there is a claimed infringement notification comes
David worked 7 3⁄4 hours each day, Monday through Friday. If he was paid $11.90 per hour, what is his straight pay?
Answer
$92.225
Explanation
Straight pay is calculated by multiplying the hourly rate by the number of hours you worked. 11.90dollars by 7.75 equals 92.225dollars.
Determine the sequence of occupations at the site. Identify which trash pits go with which house cluster. You do not need to report the occupation periods of the canals or the temple, but they will help you reconstruct the house and trash pit sequence.
Answer:
The occupation at site are examined by superposition listed on horizontal map.
Explanation:
The archaeological site is examined to identify the composition of rock, soil and other relative layers. The composition at site can be examined by having a bird eye view look. The purpose is to associate six house clusters with its trash pit feature separately. The relative order of these houses and associated trash pit is reconstructed.
Sellers who have agency relationships with brokers reap more benefits than those who are only customers of brokers.
a. True
b. False
Answer:
a. True
Explanation:
A customer relationship with the seller where the license holder or the broker shows only good faith, competency, fairness and honesty. While an agency relationship with the seller, the broker will demonstrate competencies, good faith, fairness and honesty along with proper guidance to the seller. Besides the broker also provide valuable advice, guidelines, assistance and opinions in the contract negotiations.
Hence the answer is true.
At December 31, 2023, Olsen Company had 600,000 shares of common stock outstanding. On October 1, 2024, an additional 120,000 shares of common stock were issued. In addition, Olsen had $5,000,000 of 6% convertible bonds outstanding at December 31, 2023, which are convertible into 270,000 shares of common stock. No bonds were converted into common stock in 2024. The net income for the year ended December 31, 2024, was $1,500,000. Assuming the income tax rate was 30%, the diluted earnings per share for the year ended December 31, 2024, should be (rounded to the nearest cent):
Answer:
$1.9
Explanation:
Net income = $1,500,000 + $5,000,000*6%*(1-30%)
Net income = $1,500,000 + $210,000
Net income = $1,710,000
Number of shares = 600,000 + 120,000*3/12 + 270,000
Number of shares = 600,000 + 30,000 + 270,000
Number of shares = 900,000
Diluted earnings per share = Net income / Number of shares
Diluted earnings per share = $1,710,000/900,000
Diluted earnings per share = $1.9
The production possibilities curve has: Group of answer choices a positive slope that increases as we move along it from left to right. a negative slope that increases as we move along it from left to right. a negative slope that decreases as we move along it from left to right. a negative slope that is constant as we move along it from left to right.
Answer:
a negative slope that increases as we move along it from left to right.
Explanation:
The production possibility curve is the curve where it has a negative slope as the resources scarcity is the reason also it shifts from left to right and at the same time it increased since the opportunity cost of good x would rise that shown by the X-axis
Therefore the second option is correct
Nature of Transactions Kristoff Walker operates his own catering service. Summary financial data for February are presented in equation form as follows. Each line designated by a number indicates the effect of a transaction on the equation. Each increase and decrease in owner's equity, except transaction (5), affects net income.
Assets = Liabilities + Owner's Equity - Kristoff Walker,
Cash + Supplies + Land = Accounts + Kristoff Walker, Drawing
Payable Capital
Bal. 27,600 3,600 69,000 7,500 92,700
1. +32,300 +32,300
2. -13,800 +13,800
3. -24,000 -24,000
4. +1,400 +1,400
5. -1,800 -1,800
6. -6,600 -6,600
7. -2,800 -2,800
Bal. 13,700 2,200 82,800 2,300 92,700 -1,800
Fill in the blank options for questions of a:
-Recognition of cost of supplies used
-Withdrawal of cash by owner
-Purchase of supplies on account
-Purchase of land for cash
-Payment of cash to creditors
-Payment of cash for expenses
-Provided catering service for cash
A. Select the description for transaction 1
Select the description for transaction 2
Select the description for transaction 3
Select the description for transaction 4
Select the description for transaction 5
Select the description for transaction 6
Select the description for transaction 7
B. What is the amount of the net decrease in cash during the month?
C. What is the amount of the net increase in owner's equity during the month?
D. What is the amount of the net income for the month?
E. How much of the net income for the month was retained in the business?
Answer:
A. Description for :
Transaction 1 - Provided catering service for cash
Transaction 2 - Purchase of land for cash
Transaction 3 - Payment of cash for expenses
Transaction 4 - Purchase of supplies on account
Transaction 5 - Withdrawal of cash by owner
Transaction 6 - Payment of cash to creditors
Transaction 7 - Recognition of cost of supplies used
B. The amount of the net decrease in cash during the month = 13,900
C. The amount of the net increase in owner's equity during the month = 3700
D. The amount of the net income for the month = 5500
E. The net income for the month was retained in the business = 3700
Explanation:
a)
Description for :
Transaction 1 - Provided catering service for cash
Transaction 2 - Purchase of land for cash
Transaction 3 - Payment of cash for expenses
Transaction 4 - Purchase of supplies on account
Transaction 5 - Withdrawal of cash by owner
Transaction 6 - Payment of cash to creditors
Transaction 7 - Recognition of cost of supplies used
b.)
Net decrease = Closing Balance - opening Balance
= 27,600 - 13,700
= 13,900
⇒The amount of the net decrease in cash during the month = 13,900
c.)
Net increase in owner's equity = ( Opening capital balance - Drawing + Income earned during the year - Expenses incurred during the year ) - Opening capital
⇒Net increase = ( 92,700 - 1800 + 32,300 - 26,800 ) - 92,700
= 96,400 - 92,700 = 3700
⇒The amount of the net increase in owner's equity during the month = 3700
d.)
Amount of the net income for the month = Total Income - Expenses
= 32,300 - 26,800
= 5500
⇒Amount of the net income for the month = 5500
e.)
Net income for the month was retained in the business = Net Income - Drawings
⇒Net income was retained in the business = 5500 - 1800
= 3700
⇒Net income for the month was retained in the business = 3700
How does coved-19 effect in how mangers make decisions? I need a lot of words
Please help
Answer:
1. not all people want to wear a mask when they walk into their store
2. a lot of their workers probably quit or have corona, this would make it harder to make decisions with not a lot people to work!
Explanation:
you can add to that is u want
Based on the Information that follows, prepare the cost of goods sold section of a multiple-step income statement.
Merchandise Inventory, January 1, 20-- $37,000
Estimated Returns Inventory, January 1, 20-- 1,000
Purchases 102,000
Purchases Returns and Allowances 4,200
Purchases Discounts 2,040
Freight-In 800
Merchandise Inventory, December 31, 20-- 28,500
Estimated Returns Inventory, December 31, 20-- 3,500
Answer:
Cost of goods sold = $105,060
Explanation:
a) Data and Calculations:
Cost of goods sold section of the multi-step income statement:
Merchandise Inventory, January 1, 20-- $37,000
Purchases 102,000
Purchases Returns and Allowances (4,200)
Purchases Discounts (2,040)
Freight-In 800
Merchandise Inventory, December 31, 20--(28,500)
Cost of goods sold $105,060
b) The cost of goods sold comprises the beginning inventory, purchases and freight-in costs incurred during the period, less purchases returns and discounts, and the ending inventory. It represents the cost incurred directly for the goods sold. This means that indirect costs are not included in the cost of goods sold. Such costs are usually deducted as period costs before arriving at the net income.
Company XYZ has a liability of $6,000 that is due in 3 years. The company could invest in zero-coupon bonds to be immunized against the liability from future large interest rate changes. Bond X is a 1-year zero coupon and Bond Y is a 5-year zero coupon bond. Company XYZ plans to invest in Bond X and Bond Y. How much should Company XYZ invest in Bond X, assuming an effective interest rate of 5%?
Answer:
Explanation:
From the given information:
The present value of the cash flow of assets and liabilities is:
[tex]P(i) = x(1.05)^1*(1+i)^{-1}+y(1.05)^5 *(1+i)^{-5} -60000*(1+i)^{-3}[/tex]
Thus; [tex]P'(i) =\Big [(-1) (1.05)^1*(1+i)^{-2} \Big] -\Big [y(1.05)^5 *(1+i)^{-6} \Big] + \Big [(3)*60000*(1+i)^{-4}\Big][/tex]
Solving for x&y in the equations P(0.05) = 0 & P'(0.05) = 0
Then;
x+y = (60000) * (1.05)⁻³
x + y = 51830.26
and
x + 5y = 180000* (1.05)⁻³
x + 5y = 155490.7677
x + y = 51830.26
x + 5y = 155490.7677
0 + 4y = 103660.51
4y = 103660.51
y = 103660.51/4
y = 25915.1275
Since y = 25915.1275 and x + y = 51830.26
Then x = 51830.26 - y
x = 51830.26 - 25915.1275
x = $25915.13
Thus, Company XYZ should invest the sum of $25915.13 into Bond X.
Mechem Corporation produces and sells a single product. In April, the company sold 1,900 units. Its total sales were $152,000, its total variable expenses were $79,800, and its total fixed expenses were $56,700.
Required:
a. Construct the company's contribution format income statement for April. (Do not round intermediate calculations.)
b. Redo the company's contribution format income statement assuming that the company sells 1,800 units.
Answer:
1. $15,500
2. $11,700
Explanation:
Given the following information,
the company sold 1,900 units
Total sales were $152,000
Total variable expenses were $79,800
Total fixed expenses were $56,700
The structure for Contribution income margin format is seen below;
Income statement:
Sales
- Total Variable cost
= Contribution margin
- Fixed costs
= Net Operating income
1. Income statement
Sales = $152,000
Less Total variable cost = ($79,800)
Contribution margin = $72,200
Less Total Fixed costs = ($56,700)
Net operating income = $15,500
2. Here, we need to calculate the unitary selling price and the unitary variable cost
Selling price = $152,000 ÷ 1,900 units = $80
Unitary Variable cost = $79,800 ÷ 1,900 units = $42
Therefore,
Sales = 1,800 units × $80
$144,000
Less total variable cost = 1,800 units × $42
$75,600
Contribution margin
$68,400
Less total fixed costs
$56,700
Net operating income
$11,700
JANE’S EVALUATION
Paul Medwick is a commercial banker. In the past month, he has received loan applications from three entrepreneurs. All three have fledgling businesses with strong potential. However, Paul believes it is important to look at more than just the business itself; the individual also needs close scrutiny. The three entrepreneurs are (1) Robin Wood, owner of a small delicatessen located in the heart of a thriving business district; (2) Richard Trumpe, owner of a ten-minute oilchange-and-lube operation; and (3) Phil Hartack, owner of a bookstore that specializes in best sellers and cookbooks. Paul has had the bank’s outside consultant, Professor Jane Jackson, interview each of the three entrepreneurs. Jane has done a lot of work with entrepreneurs and—after a couple hours of discussion—usually can evaluate a person’s entrepreneurial qualities. In the past, Jane has recommended 87 people for loans, and only two of these ventures have failed. This success rate is much higher than that for commercial loans in general. Following is Jane’s evaluation of the three people she interviewed.
Characteristic Robin Wood Richard Trumpe Phil Hartack
Perseverance H M M
Drive to achieve M H M
Initiative M H M
Persistent problem-solving M M H
Tolerance for ambiguity L M H
Integrity and reliability H M H
Tolerance for failure H H H
Creativity and innovativeness M H M
Self-confidence H H H
Independence H H H
H = High; M = Medium; L = Low.
1. Which of the three applicants do you think comes closest to having the mind-set of an ideal entrepreneur? Why?
2. To which applicant would you recommend that the bank lend money? (Assume that each has asked for a loan of $150,000).
3. Can these three entrepreneurs do anything to improve their entrepreneurial profile and their chances for success?
Answer:
1. Richard Trumpe comes closest to having the mindset of an ideal entrepreneur. This is because of his high creativity and innovativeness.
2. I would recommend that the bank lend the $150,000 to Phil Hartack because of his high integrity and reliability.
3. The three entrepreneurs can improve their entrepreneurial profile and, therefore, their chances for entrepreneurial success by working to improve their weak points. For example, Robin Wood can improve his drive to achieve, problem-solving skills, creativity, and innovativeness. Richard Trumpe can also improve his problem-solving skills and work on his personal integrity and reliability by making it a point to live by the truth. His word should become his bond, henceforth. This has cost him the loan and made Phil preferable. Phil also needs to up his creativity and innovativeness game, which will rub off on his ability to take initiatives, drive to achieve, and perseverance.
Explanation:
a) Data and Calculations:
Characteristic Robin Wood Richard Trumpe Phil Hartack
Perseverance H M M
Drive to achieve M H M
Initiative M H M
Persistent problem-solving M M H
Tolerance for ambiguity L M H
Integrity and reliability H M H
Tolerance for failure H H H
Creativity and innovativeness M H M
Self-confidence H H H
Independence H H H
Scores H M L
Robin Wood 5 4 1
Richard Trumpe 6 4 0
Phil Hartack 6 4 0
H = High; M = Medium; L = Low.
1). The applicant who would come closest to possessing the mindset of an ideal entrepreneur would be:
Richard Trumpe
2). The applicant who would be recommended to the bank for lending the money would be:
Phil Hartack
3). The decision that could be made regarding the improvement in the entrepreneurial profile of the three entrepreneurs would be:
Yes.
Entrepreneurial Mindset
As per the details provided, Richard Trumpe is most likely to reach closest to having the ideal entrepreneurial mindset because he possesses a higher level of innovation and vision.Phil Hartack would be recommended to the bank for lending him money because his credibility and probity are quite high. There are probabilities of all the three to improve in terms of their entrepreneurial profile where they can enhance their low points and become more innovative, effective, productive, and efficient.Learn more about "Entrepreneur" here:
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In some developing countries, children work in factories when they are 8 or 9 years old. The United States has strict child labor laws that prohibit the use of young children in factories. Americans believe that exploiting children is immoral. Which of the following statements is true of morals?
a. They are independent of factors such as culture and religion.
b. They reflect the laws and regulations that affect social and economic behavior.
c. They are universal and seldom vary.
d. They set absolute standards for good and bad that are enforced by the law.
Answer:
b. They reflect the laws and regulations that affect social and economic behavior.
Explanation:
Morals are not universal and vary greatly depending on the underlying culture and religion. Even still in each civilization, there are many grey areas in the concept of morals. One thing that seems to be constant is that they reflect the laws and regulations that affect social and economic behavior. In this scenario, some developing countries believe that using children as a cheaper form of labor is fine since the children are getting paid and therefore, there are no laws prohibiting this action so people see it as morally correct. While other countries that see it as morally wrong have laws and regulations to prevent people from performing such actions. These laws and regulations are a form of dictating social and economic behavior by stating that it is morally wrong.
Express Company reported sales of $770,000 in the year 2013. Interest expense for the year amounted to $10,800; income tax expense, $33,000; and selling and administrative expense, $14,000. The company reported net income after taxes of $42,000. Compute the times interest earned ratio for the year.
A. 6.94
B. 2.60
C. 7.94
D. 9.24
Answer:
C. 7.4
Explanation:
Computation for the times interest earned ratio for the year
First step is to get the EBIT
Net income $42,000
Add Income tax expense $33,000
Add Interest expense $10,800
EBIT $85,800
Now let Compute the times interest earned ratio for the year using this formula
Times interest earned ratio=EBIT/Interest expense
Let plug in the formula
Times interest earned ratio=$85,800/$10,800
Times interest earned ratio=7.94
Therefore the times interest earned ratio for the year will be 7.94
The following information is taken from the 2022 general ledger of Sunland Company.
Rent Rent expense $ 51,000
Prepaid rent, January 1 10,030
Prepaid rent, December 31 12,580
Salaries Salaries and wages expense $ 91,800
Salaries and wages payable, January 1 3,400
Salaries and wages payable, December 31 13,600
Sales Sales revenue $272,000
Accounts receivable, January 1 27,200
Accounts receivable, December 31 11,900
In each case, compute the amount that should be reported in the operating activities section of the statement of cash flows under the direct method.
Cash payments for rent
Cash payments for salaries
Cash receipts from customers
Answer:
Prepaid Rent - Dec 31 $12,580
Rent Expenses $51,000
Less: Prepaid rent Jan 1 $10,030
Cash payment for Rent $53,550
Salaries & Wages payable - Dec 31 $13,600
Salaries & Wage expense $91,800
Less: Salaries & wages payable Jan 1 $13,400
Cash payment for Salaries $92,000
Accounts receivables - Jan 1 $27,200
Sales revenue $272,000
Less: Accounts receivables, Dec 31 $11,900
Cash receipts from customer $287,300
Today you're going to think about the technologies that are part of your life. Pay attention to how these technologies shape your life, and consider what your life would be like without some of these technologies. Give particular attention to the ways that these technologies influence the economic decisions you make. Try to answer the following questions as you write.
Answer:
One of the technologies in life is phones. Without phone in this era (it could have made life easier before the creation tine) we will be greatly affected. We use phones to call, search something we need (whether urgently or not), and message someone if we need too. We are also able to watch stuff on it and play games. Without technologies, in my opinion, I think that we will be very, deeply affected. Of course some might be fine, while some aren't , and this is only MY opinion. I hope this helps!
Edwards Company manufactures low-cost wooden chairs and uses activity-based costing. The following information is for the month of March. Activity Estimated Indirect activity costs Allocation base Estimated quantity of allocation base Materials handling $ 3,500 Number of parts 5,000 parts Assembly 12,000 Number of parts 5,000 parts Packaging 5,750 Number of chairs 1,250 chairs Each chair consists of 4 parts and the direct materials cost per chair is $7.00. Based on the information given for Edwards Company, what is the total manufacturing cost per chair
Answer:
$37.80
Explanation:
Particulars Amount Calculations
Direct materials $7.00
Handling $2.80 ($3,500/5,000*4 parts)
Assembling $9.60 ($12,000/5,000*4 parts)
Packaging $18.40 ($5,750/1,250*4 parts)
Total manufacturing cost per chair $37.80
A furniture retailer wanted to grow but not open too many new stores. The company started opening boutique hotels instead. A management and development company operated the hotels, but the furniture company handled the interiors. Guests could then purchase furniture and decor online. This example shows that the furniture retailer _______.
Answer:
was thinking "outside the box" by designing a growth strategy
Explanation:
On the given scenario the business wanted to grow but not open more furniture shops.
The strategy chosen will achieve more growth while expanding into another operation line (boutique hotels).
The supply of furniture to these boutique hotels as internal decorations and as purchase from guests is an innovative way for the furniture business to grow without opening new stores.
This is an example of thinking outside the box.
Which of the following correctly describes a general ledger?
Group of answer choices
An index of all the financial accounts reported in the financial statements
A summary record of each separate asset, liability, owners' equity, revenue, expense, and dividend accounts.
A listing of all asset, liability, owners' equity, revenue, expense, and dividend accounts sorted according to its debit or credit balance.
The side-by-side presentation of the Balance Sheet, Income Statement, and Statement of Retained Earnings.
Answer:
A listing of all asset, liability, owners' equity, revenue, expense, and dividend accounts sorted according to its debit or credit balance.
Explanation:
A general ledger stores and summarizes all accounts a business operates. It is the source of financial information required to prepares financial statements.
The general ledger is a summary of a company bookkeeping system. It arranges or sorts the business accounts as the balance sheet order. Assets accounts appear first, then liability accounts, and lastly, the equity accounts.
A general ledger is a listing of all asset, liability, owners' equity, revenue, expense, and dividend accounts sorted according to its debit or credit balance. The third statement correctly describes a general ledger.
A general ledger records and summarises all of a company's accounts. It is the source of financial data used in the preparation of financial statements.
A company's book-keeping system is summarized in the general ledger. It organizes or sorts the business accounts in the order of the balance sheet. The asset accounts come first, followed by the liability accounts, and finally by the equity accounts.
Therefore, a general ledger is used to record all of a company's transactions.
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What are examples of career changes? Check all that apply.
Sonja is a Bus Driver who takes a new job as a Cook in a restaurant.
Alfredo is an Actor for a television show who takes a job acting in a movie.
Marybeth is a Farmworker who grows vegetables and decides to start growing fruit, too.
Joshua is a Security Guard who takes a job as a High School Math Teacher.
Answer:
It's A and D.
Explanation:
Answer:
A D
Explanation:
