Differential Chemical produced 14,000 gallons of Preon and 28,000 gallons of Paron. Joint costs incurred in producing the two products totaled $7,800. At the split-off point, Preon has a market value of $6.00 per gallon and Paron $2.00 per gallon. Compute the portion of the joint costs to be allocated to Preon if the value basis is used.Multiple Choice$1,560.$5,845.$2,600.$4,680.$3,120.

Answers

Answer 1

Answer: $4680

Explanation:

The joint cost allocated to Preon will be calculated below as:

Preon's value will be:

= 14000 × $6.00

= $84000

Paron's value will be:

= 28000 × $2.00

= $56000

Total value = Preon's value + Paron's value

= $84000 + $56000

= $140000

The joint cost allocated to Preon will be

= 7800 × 84000/140000

= $4680


Related Questions

For a cheese-lover, Burger King's Mac n' Cheetos are what type of product? (1pt)

Answers

Answer:

specialty product

Explanation:

For a cheese-lover, this product would be considered a specialty product. This is because they will actively seek out this product specifically because they love the ingredient/flavor of the product. For someone that loves cheese, products that are cheese flavored or contain cheese will be prioritized above all of the other products that do not contain cheese. This ultimately classifies the product as a specialty product because it is being sought after, even with other options around.

A company's unadjusted trial balance shows a debit balance in the allowance for doubtful accounts. This means that a. The company has written off more accounts receivable during the period than were accounted for in the opening balance of the allowance. b. The company must recognize bad debt expense at least as great as the unadjusted debit balance of the allowance. c. The company has written off too many accounts receivable and should reassess its write-off policy. d. Both a and b above are correct.

Answers

Answer:

d. Both a and b above are correct.

Explanation:

In the case when the company unadjusted trial balance reflect a debit balance of allowance for doubtful debts so this represent that the company would have more written off account receivable that would be shown in the beginning balance of the allowance. Also the company should record the bad debt expense as more as the debit balance of the non-adjusted allowance  

Hence, the last option is correct

Which company does not issue credit reports? O A. TransUnion B. Experian C. Equifax D. Expedia​

Answers

Answer:

Expedia

Explanation:

24. The following information is available for Geek Manufacturing Company. -- Direct materials price standard is $4.50 per pound. -- Direct materials quantity standard is seven pounds per finished unit. -- Budgeted production is 25,000 finished units. -- 200,000 pounds of direct materials were purchased for $925,000. -- 200,000 pounds of direct materials were used in production. -- 25,600 finished units of product were produced. What is the direct materials price variance

Answers

Answer:

Material price variance  = $25,000 Unfavorable

Explanation:

A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. A favorable variance is recorded where the actual total cost of materials is lower that the standard cost. While an adverse variance implies the opposite

                                                                                                   $

200,000 pounds should have cost (200,000× $4.50)= 900,000

but did cost                                                                         925,000

Material price variance                                                        25,000Unfavorable

Material price variance  = $25,000 Unfavorable

Which form of currency is a promissory note that is to be paid back with
interest at a certain date?
A. A banknote
B. A government bond
C. A paper dollar
D. A treasury note

Answers

Answer:

D.

Explanation:

A treasury note is a form of currency that needs to get paid back with interest at a certain date.

Treasury notes, also known as T-notes, are issued by the US treasury. It earns a fixed interest rate every six months till it gets matured. The treasury notes get issued in terms of 2, 3, 5, 7, and 10 years. By issuing the treasury notes, the US government partially funds itself.

A treasury note is a promissory note that is to be paid back with interest.

Therefore, option D is correct.

Answer:B, a government bond

Explanation:

Just took the test.

How can our perceptions help us to choose the channel for our message?
a.
Sharing our perceptions will encourage our receivers to tell us what channel to use.
b.
Perceptions do not help us to choose the channel for our message.
c.
Perceptions about our receiver can help us to decide on the most appropriate channel.
d.
none of the above

Answers

The best answer to go with is b

Answer:

b was not correct on edge

Explanation:

"Using the given information, determine the cost of one no rechargeable alkaline battery; and compare with the cost of one rechargeable NiCad battery. *Assumption: The cost of the electricity to recharge the NiCad is negligible (about $0.01). NiCad batteries can be recharged (reused) 100 times. A 4 pack of AA NiCad rechargeable batteries cost $10.80. A 4 pack of AA alkaline non rechargeable batteries cost $3.69. Over the life of the battery, which battery is most cost effective? Group of answer choices The NiCad AA rechargeable battery The AA alkaline non rechargeable battery Both batteries cost are the same Batteries are independent of chemical composition and therefore does not impact consumer cost structures"

Answers

Answer:

Over the life of the battery, the battery that is most cost-effective is:

The AA alkaline non rechargeable battery.

Explanation:

a) Data and Calculations:

Number of times that NiCad batteries can be recharged (reused) = 100 times

Cost of a 4 pack of AA NiCad rechargeable batteries = $10.80

Recharging cost = $1 ($0.01 * 100)

Total cost of AA NiCad rechargeable batteries = $11.80

Cost per use = $0.12 ($11.80/100)

Cost of a 4 pack of AA alkaline non rechargeable batteries = $3.69

Cost per use of AA alkaline non rechargeable batteries = $0.04 ($3.69/100)

b) The comparison and the resulting conclusions are based on the assumption that the non rechargeable and the rechargeable batteries enjoy equal useful life.  Therefore, the AA alkaline non rechargeable batteries are also used 100 times.

Batteries are a group of cells that are used in devices so it works as an electric power supply. Batteries can be rechargeable or non-rechargeable.

The correct answer is:

Option B. The AA alkaline non-rechargeable battery.

This can be explained as:

NiCad batteries can be reused = 100 times

Price of four-pack of AA NiCad batteries = $10.80

Recharging value = [tex]\$1 (\$0.01 \times 100)[/tex]

The complete price of AA NiCad batteries = $11.80

Cost per use for rechargeable batteries =  [tex]\$0.12 \; (\dfrac{\$11.80}{100}) = 0.0141[/tex]

Price of four packs of AA alkaline non-rechargeable = $3.69

Value per use of non-rechargeable batteries = [tex]\$0.04 \; (\dfrac{\$3.69}{100}) = 0.0014[/tex]

Therefore, based on the comparison and consequences the AA alkaline non-rechargeable batteries are also utilised many times.

To learn more about non-rechargeable and rechargeable batteries follow the link:

https://brainly.com/question/817968

What are products called that are special or different from those grown as commodities?
unique products
salable products
fungible products
differentiated products

Answers

Answer:

unique prroducts

Explanation:

A product is a commodity when all units of production are identical, regardless of who produces them. However, to be a differentiated product, a company's product is different than those of its competitors. On the continuum between commodities and differentiated products are many degrees and combinations of the two.

he management of Green Energy Manufacturing is analyzing variable overhead variances for the fiscal period just ended. The flexible budget called for $176,000 in variable overhead but actual variable overhead was $100,000. In computing the overhead variances, Green's management discovered that it had used 40,000 pounds of direct material, rather than the budgeted amount of 44,000 pounds. (Pounds of direct material is the single overhead driver of variable overhead). The standard variable overhead rate per pound of direct material is $2.00. What is Green's variable overhead spending variance

Answers

Answer:

See below

Explanation:

With regards to the above, Green's variable overhead spending variance is computed as

= Flexible budget - Actual variable overhead.

Given that

Flexible budget in variable overhead = $176,000

Actual variable overhead = $100,000

Therefore,

Variable overhead spending variance

= $176,000 - $100,000

= $76,000 F

Answer the following questions about the tax multiplier: Instructions: In parts a and b, round your answer to 2 decimal places. In part c, enter your answers as a whole number. If you are entering a negative number include a minus sign. a. Suppose the marginal propensity to consume (MPC) for a nation is 0.9. What is the tax multiplier for this nation

Answers

Answer: -9

Explanation:

The Tax multiplier of a nation shows how much the aggregate demand of an economy will change if there is a change in taxes.

It is calculated by the formula:

= -MPC / ( 1 - MPC)

= -0.9 / (1 - 0.9)

= -9

If taxes are reduced, aggregate demand would increase by 9 times.

7. Gold Company has budgeted the following costs for the production of its only product: Direct Materials $75,000 Direct Labor 50,000 Variable indirect production costs 25,000 Fixed indirect production costs 27,500 Variable selling and administrative costs 7,500 Fixed selling and administrative costs 15,000 Total Costs $200,000 Gold Company wants a profit of $100,000, and expects to produce 2,500 units. The market price is $125 per unit. What is the target cost per unit of the product

Answers

Answer:

$68 = unitary variable cost

Explanation:

Giving the following formula:

Gold Company wants a profit of $100,000

Production= 2,500 units

Selling price= $125

Fixed indirect production costs 27,500

Fixed selling and administrative costs 15,000

To calculate the target total unitary variable cost, we need to use the following formula:

number of units sold= (desired profit + fixed costs) / (selling price - unitary variable cost)

2,500= (100,000 + 27,500 + 15,000) / (125 - unitary variable cost)

312,500 - 2,500unitary variable cost = 142,500

170,000 = 2,500unitary variable cost

$68=unitary variable cost

Unibic India: From Fastest Growing Niche Cookie Brand to a Challenger?

In 2007, Lighthouse Funds acquired a 25% stake in Unibic from Unibic Australia for Rs. 200 million. In 2010,

Unibic Australia started making losses and wanted to withdraw from the Indian market. At that time, Unibic

operated solely in the premium, high-margin cookies segment in India, with a share of around 8%. It had a

market presence primarily in south India and was exporting to the Middle East and Hong Kong. It had strategic

alliances to make cookies for various private players. However, it was not yet making profits and was cash-

strapped...

Over the next few years, Unibic grew rapidly. Its growth was primarily fueled by the changes sweeping through

the Indian biscuit industry, wherein glucose biscuits that had dominated the market, gradually lost out to cream

biscuits and cookies. The reasons for the shift included rising disposable incomes leading to an increase in

consumption of premium biscuits; a larger number of manufacturing facilities of premium biscuits; growing

health awareness; innovation bringing in attractive new products; rising affordability of cookies; and increase

in eye-catching packaging...

Over the years, Unibic regularly introduced fresh and unique flavors, ultimately producing over 30 variants of

cookies. Its products could be broadly categorized into chocolate, butter, milk, savory, and health. The company

considered its target market to be between the ages of 14 and 40. It continued its efforts at innovation and

produced new products which would appeal to its target market...

In 2015, Unibic had used celebrity endorsement by signing on south Indian actor Shruti Hassan, for over a year.

It stated that it wanted someone who was relevant and would give the brand a boost to get to the numbers it

wanted in the South...

Unibic didn’t advertise much in print media; TV remained the company’s core focus and got the largest chunk

of its advertising spend, followed by digital and OOH. Instead of following the traditional strategy of having a

similar marketing campaign across markets, Unibic employed a unique strategy in each market, thereby playing

to its strengths in each market while keeping in mind the market conditions and consumption patterns...

From 2019 onward, Unibic started feeling the heat of the economic slowdown in India. The Indian economic

slowdown of 2019 led to a serious and continuing decline in the country’s real estate, automobile and

construction sectors and in overall consumption demand. The second quarter (July- September) of the financial

year (April 2019-March 2020) witnessed a drastic fall in the gross domestic product (GDP) growth rate to 4.5%.

The main reasons attributed to the fall in the GDP growth rate were – contraction in manufacturing activity,

weakened investments, and lower consumption demand.

As of 2020, Unibic had the largest wire cut cookie manufacturing plant in India. The plant had the capability to

manufacture 100 tonnes of cookies each day, with five production lines. While it used 98% of its production

capability to produce its own brand, the rest was used to manufacture for private label brands – six in India and

10 across the world. It had annual revenu7 es of Rs. 5 billion. It also exported its products to more than 21

countries including across Australia, North America, the UK, and Europe, Asia, the Middle East, and New

Zealand. It derived 45% of its earnings from the south of India.

Questions:

a) Explain three factors that had a negative impact on the financial performance of Unibic in its early years.

(6 marks)

b) Which environmental force did Unibic use in segmenting its market? What is this force about? (6 marks)

c) What does the following statement suggest to you about Unibic: “It continued its efforts at innovation

and produced new products which would appeal to its target market”?​

d) Which marketing strategy did Unibic use in 2015 and explain any two (2) reasons why firms adopt that
strategy? (9 marks)

e) What main media did Unibic use to implement its marketing strategy? State one advantage of this media.
(6 marks)

Answers

Answer:

Explanation:I want an answer

given that x is equals to -2 find the value of y and z for the simultaneous equation x+-z=-1, x-2y+z=-7​

Answers

Answer:

Explanation:

given

x = - 2

Then

x + ( - z) = - 1

-2 - z = - 1

- z = - 1 + 2

z = - 1

now

x - 2y + z = - 7

- 2 - 2y - 1 = - 7

- 3 - 2y = - 7

- 2y = - 7 + 3

- 2y = - 4

y = 2

hope it helps :)

What factors do you need to consider when choosing financial institution?

Answers

Answer:

please give me brainlist and follow

Explanation:

The following key factors will help you to choose the best savings account for your needs:

Interest rate. ...

Minimum cash balance. ...

Presence or network of the bank/financial institution. ...

Service charges / ancillary fees. ...

Debit-card deals. ...

Doorstep banking facilities. ...

Disclaimer: Copyright Kotak Mahindra Bank Ltd.

g 10. Problems and Applications Q10 Expansionary fiscal policy is more likely to lead to a short-run increase in investment when the investment accelerator is . True or False: Expansionary fiscal policy is more likely to lead to a short-run increase in investment when the interest rate sensitivity of investment is large than when it is small. True False

Answers

Answer:

1. True

2. True

Explanation:

An expansionary gap, also known as the inflationary gap in economics is used to measure the difference between the gross domestic product (GDP) and the current level of real Gross Domestic Products that exists when a country's economy is guaged at a full employment rate. This eventually causes the price of goods and services to go up with a low income level. Also, an expansionary fiscal policy will cause the total increase in aggregate demand to be greater than the initial increase in aggregate demand due to the multiplier process.

Additionally, this simply means in an inflationary or expansionary condition, the potential Gross Domestic Products (GDP) is lower than the real Gross Domestic Products.

The investment accelerator effect states that there is an increase in investment expenditure when there is increase in the level of income or demand. Thus, the level of investment in a particular economy is based on the rate of change in consumption and the gross domestic product (GDP).

Hence, when the investment accelerator is large, there's likely to be a short-run increase in investment due to expansionary fiscal policy. The expansionary fiscal policy is usually less when the the interest rate sensitivity of investment is large and consequently, leading to a greater decline in investments.

Which person would most likely be in the market for a mortgage loan? Person A: I just got a great new job, so I want to buy a bigger house. I'd like to take out a big loan that I can pay off over a long time while I'm living in the new house. Person B: I want to buy a new video game, but I don't want to take out a real loan. I'd rather just get an advance on my next paycheck so I can buy the game right now. Person C: I just got into medical school, but the tuition is really expensive. I need to borrow some money to pay for school, and I'll pay it back after I start working as a doctor. Person D: I don't need to borrow money right now, but I want to have access to money whenever I might need it. It would be nice to be able to pay off some bigger purchases over time.​

Answers

Answer:

The answer is A

Explanation:

Mortgage loans are used for houses and real estate.

Person A would be most likely in the mortgage loan market.

What is a mortgage loan?

A mortgage loan is a type of borrowed amount taken from a lender for acquiring any kind of property.

Person A takes the mortgage loan from the market as he wants to acquire a new house. He is able to pay off the loan installments as he got a new job which shows that his financial status is good.

Therefore, the mortgage loan is most likely to be taken by Person A from the market.

Learn more about the mortgage loan in the related link:

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Suppose Robina Bank receives a deposit of $53,589 and the reserve requirement is 3%. Answer the questions using this information. Round your answers to two decimal places. What is the amount that Robina Bank must keep on hand as required by the Federal Reserve (Fed)? keep on hand: $ What is the amount that Robina Bank must have in excess reserves from this initial deposit? excess reserves: $ What is the total change in the M1 money supply from this one deposit? total change: $

Answers


A) 2,679.45
B) 50,909.55
C) 1,071,780
Explanation:
The bank will keep 5% of the deposit:
53,589 x 5% = 2,679.45‬
Then, it will have in excess the remainder:
53,589 - 2,679.45 = 50,909.55‬
This amount can be used for another.
This makes a hypothetical loop. The borrower can also deposit and creating the chance or another loan and so on. The cycle repeats indefinitely
The maximum amount of new money can be determinate as follow:

53,589 / 0.05 = 1,071,780

Howell Petroleum, Inc., is trying to evaluate a generation project with the following cash flows: Year Cash Flow 0 –$ 40,500,000 1 62,500,000 2 – 15,500,000
a. If the company requires a return of 11 percent on its investments, what is the NPV of the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) NPV $
b. Compute the IRRs for this project. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Enter the larger IRR in the first answer box and the smaller IRR in the second answer box. If you can only calculate one IRR, enter it in both boxes to receive partial credit. A negative answer should have a minus sign.) Internal rate of return % Internal rate of return %

Answers

Answer:

A. $3,226,158.59

B. Larger IRR 23.28%

Smaller IRR -68.95%

Explanation:

a. Calculation to determine the NPV of the project

Net Present Value (NPV) = -$40,500,000 + $62,500,000 / (1+.11) - $15,500,000 /( 1+.11)^2

Net Present Value (NPV) = -$40,500,000 + $62,500,000 / 1.11 - $15,500,000 / 1.11^2

Net Present Value (NPV) = $3,226,158.59

Therefore Net Present Value (NPV) of this project is $3,226,158.59

B. Computation for the IRRs for this project

We will be Using excel to compute the IRRs for this project

0 = -$40,500,000 + $62,500,000 / (1+.11) - $15,500,000 /( 1+.11)^2

= -$40,500,000 + $62,500,000 / 1.11 - $15,500,000 / 1.11^2

= $3,226,158.59

Using excel to calculate

A B

1 Year Cash Flow

2 0 -$40,500,000

3 1 $62,500,000

4 2 -$15,500,000

NPV $3,226,158.59

Excel formula NPV(11%,B3:B4)+B2

Larger IRR 23.28%

Excel formula IRR(B2:B4,0%)

Smaller IRR -68.95%

Therefore the IRRs for this project are :

Larger IRR 23.28%

Smaller IRR -68.95%

Planning goals is a large part of self-management.
Please select the best answer from the choices provided
OT
OF

Answers

Answer:

True.

Explanation:

Planning can be defined as the process of developing individual or organizational aims, goals and objectives and translating them into action plans or courses of action.

Goals generally refers to the outcome statements that describe what an individual is hoping to achieve (accomplish), where he or she hopes to be in the nearest future, and the purpose for an action plan.

Planning goals is a large part of self-management because it sets the direction an individual should follow to achieve his or her objectives, mission or plans.

The new proposed project needs to use an expensive medical equipment that is already owned by the company. The purchase price of this equipment is $640,000 . The company also spent $71,000 to update its operating software. The equipment recieved a recent market bid from an interested buyer of $768,000. The current book value of $525,000. If the company decides to use this equipment for the new project , what value should we use for this equipment to be included in the initial cash flow of the project

Answers

Answer:

$525,000

Explanation:

Given that

The purchase price of an equipment $640,000

The company spend on operating software is $71,000

The recent market bid is $768,000

And, the current book value is $525,000

As the company decided to use the equipment for the new project so the amount that should be included in the initial cash flow would be $525,000 as the same would be presented on the balance sheet. It would be the cash outflow for the company

Flash ECard Manufacturing manufactures software parts for the computer software systems that produce ecards. The Flash II part is currently manufactured in the Computer Department. The Data Department also produces the part and the plant has excess capacity to produce the Flash II part. The current market price of the Flash II part is​ $700. The managerial accountant reported the following manufacturing costs and variable expense​ data: Flash ECard Manufacturing Manufacturing Costs and Variable Expense Report Flash Component Direct materials ​$810 Direct labor ​$160 Variable manufacturing overhead ​$140 Fixed manufacturing overhead​ (current production​ level) ​$185 Variable selling expenses​ (only incurred on sales to outside​ consumers) ​$136 If the highest acceptable transfer price is​ $700 in the​ market, what is the lowest acceptable inhouse price the Data Department should receive to produce the part inhouse at the Computer​ Department? "810"

Answers

Answer:

the  lowest acceptable inhouse price the Data Department is $1,110

Explanation:

The computation of the lowest acceptable inhouse price the Data Department is shown below:

= Direct materials + direct labor + Variable manufacturing overhead

= $810 + $160 + $140

= $1,110

Hence, the  lowest acceptable inhouse price the Data Department is $1,110

The above formula should be applied for determining the lowest acceptable inhouse price is as follows:

Seattle Health Plans currently uses zero-debt financing. Its operating profit is $6 million, and it pays taxes at a 23 percent rate. It has $10 million in assets and, because it is all-equity financed, $10 million in equity. Suppose the firm is considering replacing 59 percent of its equity financing with debt financing that bears an interest rate of 9 percent. What impact would the new capital structure have on the firm's ROE (return on equity)

Answers

Answer: ROE increases by 56.5% to 102.7%

Explanation:

ROE before capital structure change:

= Net income / Equity

= (Operating income * ( 1 - tax)) / Equity

= (6,000,000 * (1 - 23%)) / 10,000,000

= 46.2%

With new capital structure:

Debt financing = 59% * 10,000,000

= $5,900,000

Interest = 9% * 5,900,000

= $531,000

Net income = (Operating profit - interest) * ( 1 - tax)

= (6,000,000 - 531,000) * ( 1 - 23%)

= $‭4,211,130‬

Return on Equity = ‭4,211,130‬ / ( 10,000,000 - 5,900,000)

= 102.7%

Difference:

= 102.7 - 46.2

= 56.5%

Burger Prince buys top-grade ground beef for $1.05 per pound. A large sign over the entrance guarantees that the meat is fresh daily. Any leftover meat is sold to the local high school cafeteria for 75 cents per pound. Four hamburgers can be prepared from each pound of meat. Burgers sell for 70 cents each. Labor, overhead, meat, buns, and condiments cost 40 cents per burger. Demand is normally distributed with a mean of 385 pounds per day and a standard deviation of 30 pounds per day. What daily order quantity is optimal

Answers

40 pounds a hour and daily

You decide that structural changes must be made immediately at Holden Evan to deal with the problems caused by the three SBU marketing teams. What should you do? Select an option from the choices below and click Submit. Merge the independent procurement teams of each SBU into a single procurement division serving all product lines. Create a cross-department team to investigate in depth how the problems arose and to offer suggestions on how to deal with them. Merge the three marketing teams of each SBU into a single marketing division serving all product lines.

Answers

Answer:

One of the required structural changes that must be made immediately at Holden Evan to deal with the problems caused by the three SBU marketing teams is:

Merge the three marketing teams of each SBU into a single marketing division serving all product lines.

Explanation:

The marketing department is not a product-based team.  Therefore, a marketing team should not be tied to just one SBU.  The SBU structure can be continued.    But the combination of the marketing teams into a single group creates synergy, avoids effort duplication, reduces competitiveness among the various teams, and above all, helping the group' brand managers to utilize accumulated resources, knowledge,and information of the entire marketing organization for the benefit of the different SBUs.

 

Sales $ 79,000 $ 65,000 $ 61,000 $ 57,000 $ 50,000 Cost of goods sold 75,900 50,100 49,800 40,200 30,000 Dollar amounts stated are in thousands. a. Compute trend percentages for the above items taken from the financial statements of Lopez Plumbing over a five-year period. Treat 2017 as the base year. b. State whether the trends are favorable or unfavorable.

Answers

Answer:

This is a two part question and the answer is given in two separate headings.

Explanation:

Trend Percentages

Year                             2021      2020     2019     2018

Sales*                            58%       30%       22%       14%

Cost of Goods Sold**   153%      67%        66%      34%

*Sales is calculated by dividing the difference (between current Sales and Base Sales Year) by the Base Sale Year 2017 * 100. Example for 2018 the percentage is 14% [(57,000 - 50,000) / 50,000 * 100]. The same way other years have been calculated.

**Cost of Goods Sold has been calculated by dividing the difference (between current Cost of Goods Sold and Base Year Cost of Goods Sold) by the Base Year Cost of Goods Sold 2017 * 100. Example for 2018 the percentage is 14% [(40,200 - 30,000) / 30,000 * 100]. The same way other years have been calculated.

Trends Favourable or Unfavourable

It is noted that the trend is unfavourable for the five-year period. This is because the sales have been increasing but in comparison to the Cost of Goods Sold the rise is fairly slow. As shown in the above table where sales have increased by only 58% since its inception. However, the Cost of Goods Sold has increased rapidly and by the last trending year the rise in comparison to the base year 2017 was by 153%.

On December 1, Year 1, Childe Company purchased $100,000 of bonds issued by Paperman Company at face value. The bonds mature in ten years. Childe’s intent was to keep the bonds available to sell when cash needs arise in future years. The fair value of those bonds increased to $102,000 on December 31, Year 1. Which of the following statements are correct with regards to this investment? (Select all that apply.) Check All That Apply The bonds should be reported among assets in the balance sheet at December 31, Year 1. The bonds should be reported among assets in the balance sheet at December 31, Year 1. The bonds should be reported at their fair value of $102,000 in the balance sheet. The bonds should be reported at their fair value of $102,000 in the balance sheet. An unrealized holding gain of $2,000 should be included in net income for Year 1. An unrealized holding gain of $2,000 should be included in net income for Year 1. An unrealized gain of $2,000 should be included in other comprehensive income for Year 1.

Answers

Answer: A- The bonds should be reported among assets in the balance sheet at December 31, Year 1.

B- The bonds should be reported at their fair value of $102,000 in the balance sheet.

D- An unrealized gain of $2,000 should be included in other comprehensive income for Year 1.

Explanation:

Dummitt, Inc. anticipates sales of 70,000 units, 68,000 units, and 71,000 units in July, August, and September, respectively. Company policy is to maintain an ending finished-goods inventory equal to 30% of the following month's sales. On the basis of this information, how many units would the company plan to produce in August

Answers

Answer:

the number of units produced in August is 68,900 units

Explanation:

The computation of the number of units produced in August is presented below:

Sales 68,000 units

Add: ending inventory (71,000 units × 30%) 21,300 units

Less: beginning inventory (68,000 units × 30%) -20,400 units

Production in August 68,900 units

Hence, the number of units produced in August is 68,900 units

The same format should be used  

Jan. 15 Declared a $0.40 cash dividend per share to stockholders of record on January 31, payable February 15. Feb. 15 Paid the dividend declared in January. Apr. 15 Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $16 per share. May 15 Issued the shares for the stock dividend. Dec. 1 Declared a $0.50 per share cash dividend to stockholders of record on December 15, payable January 10, 2023. Dec. 31 Determined that net income for the year was $371,000.

Answers

Question Completion:

On January 1, 2017, Ayayai Corp. had these stockholders’ equity accounts.

Common Stock ($10 par value, 65,000 shares issued and outstanding)  $650,000

Paid-in Capital in Excess of Par Value $480,000

Retained Earnings $600,000

Journalize the transactions. (Include entries to close net income and dividends to Retained Earnings.)

Answer:

Ayayai Corp.

Journal Entries

Jan. 15 Debit Cash Dividends $26,000

Credit Dividends Payable $26,000

To record the declaration of $0.40 cash dividend per share to stockholders of record on January 31, payable February 15.

Feb. 15 Debit Dividend Payable $26,000

Credit Cash $26,000

To record the payment of the cash dividend declared on Jan. 15.

Apr. 15 Debit Stock Dividends $65,000

Credit Dividends Distributable $65,000

To record the declaration of a 10% stock dividend.

May 15 Debit Dividends Distributable $65,000

Credit Common stock $65,000

To record the distribution of the stock dividends.

Dec. 1 Debit Cash Dividends $35,750

Credit Dividends Payable $35,750

To record the declaration of a $0.50 per share cash dividend to stockholders of record on December 15, payable January 10, 2023. 71,500 shares.

Dec. 31 Debit Net income $371,000

Credit Retained Earnings $371,000

To transfer the net income determined to retained earnings.

Dec. 31 Debit Retained Earnings $61,750

Credit Cash Dividends $61,750

To close the cash dividends account to retained earnings.

Dec. 31 Debit Retained Earnings $65,000

Credit Stock Dividends $65,000

To close the stock dividends account to retained earnings.

Explanation:

a) Data and Analysis:

Jan. 15 Cash Dividends $26,000 Dividends Payable $26,000

$0.40 cash dividend per share to stockholders of record on January 31, payable February 15.

Feb. 15 Dividend Payable $26,000 Cash $26,000

Apr. 15 Stock Dividends $65,000 Dividends Distributable $65,000 10% .

May 15 Dividends Distributable $65,000 Common stock $65,000

Dec. 1 Cash Dividends $35,750 Dividends Payable $35,750

$0.50 per share cash dividend to stockholders of record on December 15, payable January 10, 2023. 71,500 shares

Dec. 31 Net income $371,000 Retained Earnings $371,000

Dec. 31 Retained Earnings $61,750 Cash Dividends $61,750

Dec. 31 Retained Earnings $65,000 Stock Dividends $65,000

what are the limitations of SWOT ANALYSIS?​

Answers

I just want friends ‍♀️

Which examples demonstrate common qualifications for Quality Assurance careers? Check all that apply.

Claudia designs images and writes text for a product advertisement.
Harrison stands for long periods while checking the quality of a factory’s manufacturing process.
Mercedes inspects products on an assembly line to make sure they meet the company’s standards.
Lyle convinces customers to purchase defective products for a discounted price.
Arturo performs laboratory tests to check for pollution in the area near a factory.
Simone weighs and measures products to make sure they are the right size.

Answers

Answer:

2, 3, 6

Explanation:

Answer:

2,3,6 just did it on edge

Explanation:

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