Sheridan Incorporated factored $133,800 of accounts receivable with Skysong Factors Inc. on a without-recourse basis. Skysong assesses a 2% finance charge of the amount of accounts receivable and retains an amount equal to 6% of accounts receivable for possible adjustments. Prepare the journal entry for Sheridan Incorporated and Skysong Factors to record the factoring of the accounts receivable to Skysong. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Answers

Answer 1

Answer:

Sheridan Incorporated journal entry

Dr Cash 123,096

Dr Loss on sale receivables 2,676

Dr Due from factor 8,028

Cr Account receivable $133,800

Skysong Factors journal entry

Dr Account receivable 133,800

Cr Due to customer 8,028

Cr Interest revenue 2,676

Cr Cash 123,096

Explanation:

Preparation of the journal entry for Sheridan Incorporated and Skysong Factors to record the factoring of the accounts receivable to Skysong

Sheridan Incorporated journal entry

Dr Cash 123,096

(133,800-2,676-8,028)

Dr Loss on sale receivables 2,676

(2%*$133,800)

Dr Due from factor 8,028

(6%*$133,800)

Cr Account receivable $133,800

Skysong Factors journal entry

Dr Account receivable 133,800

Cr Due to customer 8,028

(6%*$133,800)

Cr Interest revenue 2,676

(2%*$133,800)

Cr Cash 123,096

(133,800-2,676-8,028)


Related Questions

Blue Spruce Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Units Cost per Unit Net Realizable Value per Unit Cameras Minolta 5 $176 $168 Canon 6 149 152 Light Meters Vivitar 11 125 124 Kodak 10 129 132 What amount should be reported on Blue Spruce Camera Shop’s financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? Total $Enter a dollar amount that should be reported on Unresolved’s financial statements

Answers

Answer:

Total amount  $4,388                                                              

Explanation:

The computation of the amount that should be reported is shown below:

Products    Units Cost per unit  NRV Lower cost or NRV   TOtal

Minolta         5       $176                 $168   $168                       $840

Canon          6      $149                  $152    $149                       $894

Light meters  11   $125                  $124    $124                       $1,364

Kodak          10    $129                 $132     $129                       $1,290

Total amount                                                                            $4,388                                                              

At December 31, 2020, Concord Corporation had a projected benefit obligation of $551,500, plan assets of $313,400, and prior service cost of $134,800 in accumulated other comprehensive income. Determine the pension asset/liability at December 31, 2020. (Enter liability using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Pension asset/liability at December 31, 2020

Answers

Answer:

$238,100

Explanation:

Calculation to Determine the pension asset/liability at December 31, 2020

Using this formula

Pension asset/liability at December 31, 2020= Projected benefit obligation -Plan assets

Let plug in the formula

Pension asset/liability at December 31, 2020=$551,500 - $313,400

Pension asset/liability at December 31, 2020= $238,100

Therefore Pension asset/liability at December 31, 2020 is $238,100

At date t, a trader buys a bear spread using two European put options on the same stock. The date t stock price is $35 per share. Both put options have the same expiration date, T. The first put option is priced at $2.43 per share and has a strike price equal to $35 per share. The second put option is priced at $0.68 per share and has a strike price equal to $30 per share. At date T, what is the break-even stock price per share

Answers

Answer:

$33.25

Explanation:

The break-even point is calculated as: Higher strike price - Initial cost.

Initial cost = Cost of buying the higher strike price put option - Amount earned by selling the lower strike put option

Initial cost = $2.43 - $0.68

Initial cost = $1.75 per share

Break-even point = Higher strike price - Initial cost

Break-even point = $35 - $1.75

Break-even point = $33.25

You have two choices for how you are going to spend Saturday evening. You can go to the pub with your friends, which will cost you £30 for the evening. The pleasure you anticipate from this experience is worth £50 to you. Or you can go to the theatre The ticket will cost you £50, but you value the experience at £60. Based on this information, which of the following statements is correct?
a. Based on economic rent alone, you would definitely choose to go to the theatre.
b. The economic cost of going to the pub is £40.
c. The economic rent of going to the pub is £0.
d. The opportunity cost of an evening at the pub is £60.

Answers

Answer:

b. The economic cost of going to the pub is £40.

Explanation:

The correct option is - b. The economic cost of going to the pub is £40.

Reason -

Economic cost = Cost actually incurred to choose an option + opportunity cost

Now,

We know that

Opportunity cost is the value of next best alternative forgone.

Now,

Net benefits while the person going to Pub = 50 - 30 = £20

Net benefits while the person going to Theatre = 60 - 50 = £10

So,

The opportunity cost = £20 - £10 = £10

∴ we get

Economic cost of going to the Pub= £30 + £10 = £40

The answer to this question is option B. The economic cost of going to the pub is £40.

In order to get the economic cost, we use this formula to calculate it:

Economic cost = cost of account + opportunity cost - benefit of the pub

The cost of account = 30 this is the price for the pub

The opportunity cost = 60 is the benefit that would have been enjoyed for visiting the theatre

The benefit = 50 is the worth of the pub

This would give us 30+60-50

= £40

Therefore the economic cost of going to the pub is £40.

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During Compute the number of equivalent units with respect to both materials and conversion respectively for March using the weighted-average method. Multiple Choice, the production department of a process operations system completed and transferred to finished goods 20,000 units that were in process at the beginning of March and 100,000 units that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 54% complete with respect to conversion. At the end of March, 29,000 additional units were in process in the production department and were 100% complete with respect to materials and 29% complete with respect to conversion. Compute the number of equivalent units with respect to both materials and conversion respectively for March using the weighted-average method.

Answers

Answer:

Computing the equivalent units using the weighted-average method:

                                    Materials       Conversion

Total equivalent units    129,000          108,410

Explanation:

a) Data and Calculations:

Beginning inventory = 20,000 units

Degree of completion (Materials 100%, Conversion 54%)

Units started and completed in March = 100,000

Units transferred out = 120,000

Ending inventory = 29,000 units

Degree of completion (Materials 100%, Conversion 29%)

Total equivalent units             Materials                  Conversion

Units started & completed     100,000 (100%)       100,000 (100%)

Units in Ending Inventory        29,000 (100%)            8,410 (29%)  

Total equivalent units            129,000                     108,410

b) In computing the equivalent units of production, the weighted-average method takes into account the units started and completed within the period and the ending work in process.  This is unlike the FIFO method, which considers the units completed in the beginning work-in-process during the current period, the units started and completed, and the ending work-in-process inventory based on their various degrees of completion.

Please help!
Note that common skills are listed toward the top and less common skills are listed toward the bottom. According to O*NET, what are some common skills needed by Personal Financial Advisors? Select four options.

critical thinking
judgment and decision making
active listening
reading comprehension
operation and control
quality-control analysis

Answers

Answer:

critical thinking

judgment and decision making

reading comprehension

operation and control

critical thinking, judgment and decision making, reading comprehension and operation and control are some common skills needed by Personal Financial Advisors. Hence, options A, B, D and E are correct.

What is Personal Financial Advisors?

Personal financial advisors assess the needs of their clients' finances and offer advice on choices for investments, tax laws, and insurance. Advisors help their clients create both short- and long-term goals, including investing for retirement and saving for children's education.

An expert who provides expertise for customers' financial, investment, and personal decision-making is a financial advisor. Financial advisors may be employed or hired as independent contractors by a larger financial institution.

Both "advisor" and "adviser" are valid spellings for someone who gives counsel, such a financial advisor. The vast majority—if not all—of the things we provide here are provided by partners who give us money. This might have an impact on the subjects, venues, and methods of our writing.

Thus, options A, B, D and E are correct.

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Underwater, Inc. had a flood in its plant that destroyed most of its inventory. After the flood, Underwater's accounting records showed the following: Beginning inventory $20,000 Purchases, year to date 250,000 Sales, year to date 300,000 Salvage value of some of the damaged inventory 7,500 Gross profit percentage on sales 35% The insurance company will reimburse Underwater for 75% of its loss. What amount should Underwater report as the net loss from the flood

Answers

Answer:

$16,875

Explanation:

Calculation for What amount should Underwater report as the net loss from the flood

Net loss from the flood=[( $250,000+$20,000)-(($300,000-($300,000* 35%))-$7,500]-($75,000-$7,500*75%)

Net loss from the flood=[$270,000-($300,000-$105,000)-$7,500]-($75,000-$7,500*75%)

Net loss from the flood=[($270,000- $195,000)-$7,500]-($75,000-$7,500*75%)

Net loss from the flood=($75,000-$7,500)-($75,000-$7,500*75%)

Net loss from the flood=$67,500-$50,625

Net loss from the flood= $16,875

Therefore the amount that Underwater should report as the net loss from the flood is $16,875

Umatilla Bank and Trust is considering giving Splish Brothers Inc. a loan. Before doing so, it decides that further discussions with Splish Brothers Inc.’s accountant may be desirable. One area of particular concern is the Inventory account, which has a year-end balance of $247,680. Discussions with the accountant reveal the following.
1. Splish Brothers Inc. sold goods costing $50,590 to Hemlock Company FOB shipping point on December 28. The goods are not expected to reach Hemlock until January 12. The goods were not included in the physical inventory because they were not in the warehouse.
2. The physical count of the inventory did not include goods costing $100,920 that were shipped to Splish Brothers Inc. FOB destination on December 27 and were still in transit at year-end.
3. Splish Brothers Inc. received goods costing $25,880 on January 2. The goods were shipped FOB shipping point on December 26 by Yanice Co. The goods were not included in the physical count.
4. Splish Brothers Inc. sold goods costing $54,220 to Ehler of Canada FOB destination on December 30. The goods were received in Canada on January 8. They were not included in Splish Brothers Inc. physical inventory.
5. Splish Brothers Inc. received goods costing $43,380 on January 2 that were shipped FOB destination on December 29. The shipment was a rush order that was supposed to arrive December 31. This purchase was included in the ending inventory of $247,680.
Determine the correct inventory amount on December 31.

Answers

Answer:

the  correct inventory amount is $284,400

Explanation:

The computation of the correct inventory amount is shown below:

= End year balance + FOB shipping point + fob destination - fob destination

= $247,680 + $25,880 + $54,220 - $43,380

= $284,400

Hence, the  correct inventory amount is $284,400

The Skulls, a student social organization, has two different locations under consideration for constructing a new chapter house. The Skulls' president, a POM student, estimates that due to differing land costs, utility rates, etc., both fixed and variable costs would be different for each of the proposed sites, as follows LocationAnnual FixedVariableAlpha Ave.$5,000 $200per personBeta Blvd.$8,000 $150per person If it is estimated that 30 persons will be living in this new chapter house, which location should the Skulls select

Answers

Answer:

The Skulls

The location that Skulls should select is:

Alpha Avenue.

Explanation:

a) Data and Calculations:

Estimated number of persons living in this new chapter house = 30

                    Fixed       Variable                   Total Cost

Alpha Ave. $5,000       $200 per person     $11,000

Beta Blvd.  $8,000        $150 per person    $12,500

b) The location that Skulls should select must minimize the total cost.  The location which meets this criterion is Alpha Avenue, with a total cost of $11,000.  This is purely because of the number of persons living in the chapter house.  Assuming that this number would increase, then it may be considered economically better to choose the Beta Boulevard instead of the Alpha Avenue.

Crowl Corporation is investigating automating a process by purchasing a machine for $972,000 that would have a 9 year useful life and no salvage value. By automating the process, the company would save $132,000 per year in cash operating costs. The new machine would replace some old equipment that would be sold for scrap now, yielding $21,000. The annual depreciation on the new machine would be $108,000. The simple rate of return on the investment is closest to (Ignore income taxes.): (Hint: Give answer in decimal format. For example, if an answer is 10%, use the format 0.10 not 10%.)

Answers

Answer:

2.5%

Explanation:

Calculation to determine what The simple rate of return on the investment is closest to

First step is to calculate the Annual incremental net operating income

Annual incremental net operating income=$132,000-$108,000

Annual incremental net operating income=$24,000

Second step is to calculate the Initial investment

Initial investment =$972,000-$21,000

Initial investment=$951,000

Now let calculate the Simple rate of return using this formula

Simple rate of return = Annual incremental net operating income ÷ Initial investment

Let plug in the formula

Simple rate of return= $24,000 ÷ $951,000

Simple rate of return=0.025*100

Simple rate of return= 2.5%

Therefore The simple rate of return on the investment is closest to 2.5%

Companies recognize revenue when goods or services are transferred to customers for the amount the company expects to be entitled to receive in exchange for those goods or services. That core principle is implemented by (1) identifying a contract with a customer, (2) identifying the performance obligations in the contract, (3) determining the transaction price of the contract, (4) allocating that price to the performance obligations, and (5) recognizing revenue when (or as) each performance obligation is satisfied.

Answers

Answer:

1. Identifying a contract with a customer.

First step is to identify that a contract has been made with a customer to supply some form of goods or service.

2.  Identifying the performance obligations in the contract.

Second step is to identify what is required of the company by the customer via the contract.

3. Determining the transaction price of the contract.

After identifying the performance obligations, the company must now decide the price they can satisfy these obligations with.

4. Allocating that price to the performance obligations.

Company should then allocate the price to the performance obligations to properly trace costs and revenue.

5. Recognizing revenue when (or as) each performance obligation is satisfied.

As each obligation is satisfied, the company will be able to know what revenue to recognize because they assigned prices to each obligation.

There are only two consumers in a market, Harry and Hermione. Harry is willing to buy 12 magic wands when the price is $20 per wand and 8 magic wands when the price is $30 per wand. Hermione is willing to buy 15 magic wands when the price is $20 per wand and 10 magic wands when the price is $30 per wand. Given that these are the only two individuals in the market, what is the market demand for wands when the price of wands is $30

Answers

Answer:

The answer is 14

Explanation:

Market demand is the certain product need that is required by the consumers at a specific price. The market demand, when the price of the wand is $30, is 18.

What is market demand?

Market demand is a specific number of services or products that customers or the consumer purchase at a fixed specific value in the market.

As in the above case in the market, only two consumers are present and the formula for the market demand is given by adding the demands all together sold at the specific price.

At the price, $30, Harry is willing to buy 8 magic wands and Hermione is willing to buy 10 magic wands. Form this the two demands can be added as there are only two consumers, resulting in the market demand being 18.

Therefore, the market demand at $30 is 18.

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Fusion has already been demonstrated as an energy source, albeit on a limited scale. Engineers hope to transform the scale to provide energy at commercial levels. A loan for development of a niche application has been taken out by an engineering research firm, borrowing $900,000. The loan will be paid back over 5 years with uniform quarterly payments and an interest rate of 10 percent compounded quarterly.
What is the equal quarterly amount to be paid?

Answers

Answer:

$37,332.77

Explanation:

The computation of the equal quarterly amount that need to be paid is shown below:

= $900,000 × 2.5% ÷ (1 - 2.5%)^20

= $900,000 × 0.041480855

= $37,332.77

The rate of interest is

= 10% ÷ 4

= 2.5%

And, the time period is

= 5 × 4

= 20 years

. AT&T's decision to move its corporate headquarters meant that about 700
of the company's best-paid executives were moving to the Dallas area.
What did that probably do to the demand curve for expensive homes in the
Dallas area?
A. Shift to the left B. Shift to the right

Answers

Answer:

nn

Explanation:

d

The total of the accounts receivable subsidiary ledger must equal?

Answers

The accounts receivable account balance in the general ledger

Fort Corporation had the following transactions during its first month of operations
1. Purchased raw materials on account, $85,000. 2. Raw Materials of $30,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,000 was classified as indirect materials. 3. Factory labor costs incurred were $175,000 of which $145,000 pertained to factory wages payable and $30,000 pertained to employer payroll taxes payable. 4. Time tickets indicated that $145,000 was direct labor and $30,000 was indirect labor. 5. Overhead costs incurred on account were $198,000. 6. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 7. Goods costing $115,000 are still incomplete at the end of the month; the other goods were completed and transferred to finished goods. 8. Finished goods costing $100,000 to manufacture were sold on account for $130,000.
Journalize the above transactions for Fort Corporation. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit No. Account Titles and Explanation
1.
2.
3.
4.
5.
6.
7.
8.

Answers

Answer:

        Account title and description                              Debit                 Credit

         Raw materials inventory                                   $85,000

         Accounts Payable                                                                       $85,000

        Account title and description                             Debit                  Credit

       Work in Process                                                  $24,000

       Manufacturing overhead                                    $6,000

       Raw materials inventory                                                              $30,000

        Account title and description                            Debit                  Credit

       Factory Labor                                                     $175,000  

       Factory wages payable                                                               $145,000

       Payroll taxes payable                                                                    $30,000

        Account title and description                            Debit                  Credit

       Work in process Inventory                                 $145,000  

       Manufacturing overhead                                    $30,000  

       Factory Labor                                                                               $175,000

        Account title and description                             Debit                  Credit

       Manufacturing overhead                                   $198,000  

       Accounts payable                                                                        $198,000

       Account title and description                              Debit                  Credit

       Work in process Inventory                                $217,500  

       Manufacturing overhead                                                             $217,500

Working

= 145,000 * 150% = $217,500

      Account title and description                              Debit                  Credit

       Finished goods Inventory                                $271,500  

       Work in process Inventory                                                           $271,500

Working

= 24,000 + 145,000 + 217,500 - 115,000 = $271,500

       Account title and description                              Debit                  Credit

       Account receivables                                         $130,000  

      Sales                                                                                              $130,000

   

       Cost of goods sold                                           $100,000  

       Finished goods Inventory                                                          $100,000

Suppose a young chef who recently graduated from culinary school in Cuba looks for work at local restaurants but is unable to find a job. After months of searching, she gives up on securing a traditional job and instead decides to offer cooking classes in her apartment, teaching American tourists how to prepare traditional Cuban dishes. She is unable to secure a license for her business, so she operates on a cash-only basis, not reporting her income to the government.
a. While searching for a job in a local restaurant, the chef
b. Two months after giving up her job scarch, thc chef
c. A year after starting her cooking class, the chef

Answers

Answer:

a. The chef should report her income from cooking classes held at her apartment.

b. the chef should continue and try to expand her cooking classes with reporting her income.

c. started earning and try to secure the license to get a job.

Explanation:

The young chef who got graduated from Cuba should try to secure a license first in order to secure a good job. The chef was unable to find a job and so she started cooking classes at her home. The income was unreported as she did not had license so she is unable to report her income to the government.

She operates on a cash-only basis, not reporting her income to the government is :

a. The chef should report her wage from cooking classes held at her apartment

b. The chef ought to proceed and attempt to extend her cooking classes with announcing her income.

c. She begun gaining and attempt to secure the permit to urge a job.

"Culinary school"

The youthful chef who got graduated from Cuba ought to attempt to secure a permit to begin with in arrange to secure a great job.

The chef was incapable to discover a work and so she begun cooking classes at her domestic.

The wage was unreported as she did not had permit so she is incapable to report her salary to the government.

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Julie was suffering from a viral infection that caused her to miss work for 90 days. During the first 30 days of her absence, she received her regular salary of $8,000 from her employer. For the next 60 days, she received $12,000 under an accident and health insurance policy purchased by her employer. The premiums on the health insurance policy were excluded from her gross income. During the last 30 days, Julie received $6,000 on an income replacement policy she had purchased. Of the $26,000 she received, Julie must include in gross income:______.

Answers

Answer:

$20,000

Explanation:

Calculation for what Julie must include in gross income:

Amount included in gross income= $26,000-$6,000

Amount included in gross income=$20,000

Therefore based on the information given Julie must include in gross income the amount of $20,000

The Central Publishing Company is about to publish its first reference book in managerial economics. It is now in the process of estimating costs. It expects to produce 10,000 copies during its first year. The following costs have been estimated to correspond to the expected copies.
a. Paper Stock $8.000
b. Typesetting $15,000
c. Printing $50,000
d. Art (including graphs) $9.000
e. Editing $20,000
f. Reviews $3,000
g. Promotion and advertising $12,000
h. Binding $22.000
i. Shipping $10,000
In addition to the preceding costs, it expects to pay the authors a 13 percent royalty and its salespeople a 3 percent commission. These percentages will be based on the publisher’s price of $48 per book. Some of the preceding costs are fixed and others are variable. The average variable costs are expected to be constant. Although 10,000 copies is the projected volume, the book could sell anywhere between 0 and 20,000 copies.
Using the preceding data,
1. Write equations for total cost, average total cost, average variable cost, and marginal cost.
2. Draw the cost curves for quantities from 0 to 20,000 (in intervals of 2,000).

Answers

Answer:

Total Cost is the cost that is fixed and does not vary directly with the level of output. According to this question typesetting, printing, editing, reviews, promotion, and advertising are fixed costs. The total fixed cost here is $100000.

Total Variable Cost is the costs that vary directly with the level of output. Variable costs are incurred on variable factors. The Total Variable Cost here is $49000.

Marginal cost is addition to the total cost when one more unit of output is produced.

EQUATIONS

TC = 100000 + 4.9Q

ATC = 100000 + 4.9Q / Q

AVQ = 4.9Q / Q

MC = Change in Total Cost / Change in Quantity = 4.9

GRAPH

Is attached as picture.

Conclusion: The AVC and MC both are equal to 4.9.

ohnson Inc. is a job-order manufacturing company that uses a predetermined overhead rate based on direct labor hours to apply overhead to individual jobs. For the current year, estimated direct labor hours are 95,000 and estimated factory overhead is $617,500. The following information is for September of the current year. Job A was completed during September, and Job B was started but not finished. September 1, inventories Materials inventory $ 8,600 Work-in-process inventory (All Job A) 33,400 Finished goods inventory 72,500 Material purchases 120,500 Direct materials requisitioned Job A 76,000 Job B 39,000 Direct labor hours Job A 5,300 Job B 3,100 Labor costs incurred Direct labor ($8.50/hour) 71,400 Indirect labor 14,600 Supervisory salaries 7,100 Rental costs Factory 8,100 Administrative offices 2,900 Total equipment depreciation costs Factory 9,150 Administrative offices 3,250 Indirect materials used 13,100 Required: 1. What is the total cost of Job A

Answers

Answer:

$188,900

Explanation:

The computation of the total cost of JOb A is shown below:

= Work in process + material requistioned + direct labor + applied overhead

= $33,400 + $76,000 +  5,300 × $8.50 + 5,300 × $617,500 ÷ 95,000

= $33,400 + $76,000 +  $45,050 + $34,450

= $188,900

Abby and Jason are building a new house. They obtained a construction loan of $100,000, which will be rolled over into a conventional 20-year mortgage when the house is complete in 14 months. Simple interest rate of 0.5% per month will be charged on the construction loan. The 20-year mortgage will carry a 6% interest rate with monthly payments (so, it is compounded monthly). What is the monthly payment that Abby and Jason will make

Answers

Answer:

Abby and Jason

The monthly mortgage payment that Abby and Jason will make is:

= $766.58.

Explanation:

a) Data and Calculations:

Construction loan = $100,000

Period of construction = 14 months

Simple interest rate = 0.5% per month

Principal amount after 14 months = $ 107,000 ($100,000 * 0.5% * 14)

Mortgage loan = $107,000

Mortgage period = 20 years

Interest rate = 6% compounded monthly

Terms of payment = monthly

From an online financial calculator, the monthly payment for the mortgage will be:

Monthly Pay = $766.58

                                         Monthly    Total

Mortgage Payment         $766.58   $183,979.50  

Total of 240 Mortgage Payments = $183,979.50

Total Interest = $76,979.50

Mortgage Payoff Date Mar. 2041 if the mortgage commenced on March 1, 2021.

Riverton Corp., which began business at the start of the current year, had the following data: Planned and actual production: 40,000 units Sales: 37,000 units at $15 per unit
Production costs: Variable: $4 per unit
Fixed: $260,000
Selling and administrative costs:
Variable: $1 per unit
Fixed: $32,000 The contribution margin that the company would disclose on a variable-costing income statement is:________.
a. None of the answers is correct.
b. $166,500.
c. $97,500.
d. $370,000.
e. $147,000.

Answers

Answer:

B. $166,500

Explanation:

Given the above information, we'll calculate fixed cost per unit.

Fixed cost per unit

= $260,000 ÷ 40,000 units

= $6.5 per unit

Then,

Sales per units

= Variable cost per unit - Fixed costs per units

= $15 - $4 - $6.5

= $4.5

Contribution margin

= $4.5 × 37,000

= $166,500

Hazel sells books online for $10.95 each. All of her 630 customers came from her FB friends. How much did she make through FB sales?

Answers

Answer:

she has to sell it $6300 that is it price

$6300 is the amount she makes through FB sale, as Hazel sells books online for $10.95 each. All of her 630 customers came from her FB friends.

What is customers?

An individual or business that purchases goods or services from another company is known as a customer. Consumers are crucial to businesses because they generate income; without them, they would cease to exist.

A client is a company that buys textiles to produce garments that will be sold again. To assemble an automobile, a manufacturing company buys components. The manufacturing business is a client.

The Undaunted Striver, Impulsive Spender, Balanced Optimist, Ambitious Struggler, Conservative Homebody, Independent Skeptic, and Safe Traditionalist are seven worldwide consumer types that Euromonitor's survey team created using the survey data.

An individual or business that purchases goods or services from another company is known as a customer. Consumers are crucial to businesses because they generate income; without them, they would cease to exist.

Thus, $6300 is the amount.

For more information about customers, click here:

https://brainly.com/question/13472502

#SPJ6

When an import tariff is imposed on an intermediate good, producers of this immediate good in the nation will ____________ while the producers that use the intermediate good as an input will ________. Get better off, get better off Get better off, get worse off Get worse off, get better off Get worse off, get worse off

Answers

Answer:

get better off

get worse off

Explanation:

Import are goods or services produced in other countries that are brought into a country.

Import tariff is a form of tax imposed on imported goods. import tariff increases the price of import. the purpose of import is to discourage import

Intermediate good are goods used in the production of finished. An example of an intermediate good is raw materials

When an import tariff is imposed on an intermediate good, producers that use the intermediate goods would be worse off because the price of intermediate goods needed for production would increase as a result of the tariff. This would increase their cost of production and reduce their profit margins

While the producers of the intermediate good in the country would be better off because they would face less foreign competition. Also, they would benefit from the increased price of the intermediate good. This would increase their profit margins.

For each of the following situations, decide whether the unemployment that occurs is a result of cyclical, frictional, or structural changes.
Items (7 items) (Drag and drop into the appropriate area below)
A new college graduate takes three months to find his first job.
Two hundred automobile workers lose their jobs as a result of a permanent reduction in the demand for automobiles.
Large numbers of workers lose their jobs as the economy goes into a downturn.
A financial analyst quits her current job to look for a better one

Answers

Answer:

frictional

structural changes.

Cyclical

frictional

Explanation:

Structural unemployment is an unemployment that occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition . Structural unemployment tends to be permanent.  

Frictional unemployment is the period of time a person is unemployed from the time he leaves his current job and the time he gets another job.  

Cyclical unemployment occurs as a result of fluctuations in the economy. In a downturn unemployment is high and in a boom, unemployment is low.

Luebke Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at the beginning of the month was $62,000 and at the end of the month was $31,000. The cost of goods manufactured for the month was $217,000. The actual manufacturing overhead cost incurred was $58,000 and the manufacturing overhead cost applied to Work in Process was $62,000. The company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold. The adjusted cost of goods sold that would appear on the income statement for November is:____.
a. $255,700.
b. $182,400.
c. $260,600.
d. $221,500.

Answers

D.
221,500 why? because thats the answer
D is your answer have a great rest of your day

Bedrock Company reported a December 31 ending inventory balance of $414,500. The following additional information is also available: The ending inventory balance of $414,500 included $73,700 of consigned inventory for which Bedrock was the consignor. The ending inventory balance of $414,500 included $25,400 of office supplies that were stored in the warehouse and were to be used by the company's supervisors and managers during the coming year. Based on this information, the correct balance for ending inventory on December 31 is:

Answers

Answer:

$389,100

Explanation:

Calculation to determine what the correct balance for ending inventory on December 31 is:

Using this formula

Ending inventory on December 31=Ending inventory balance-Office supplies

Let plug in the formula

Ending inventory on December 31=$414,500- $25,400

Ending inventory on December 31=$389,100

Therefore the correct balance for ending inventory on December 31 is:$389,100

roles performed by
managers​

Answers

Answer:

honesty, truth, trustworthy, kind, believe, self-respect

Explanation:

Al of these are the quality of a manager

Answer:

Managing the business and making sure that everything works smoothly and efficiently.

Suppose that the supply function for honey is p=​S(q)=0.4q+2.8​, where p is the price in dollars for an 8​-oz container and q is the quantity in barrels. Suppose also that the equilibrium price is ​$4.80 and the demand is 4 barrels when the price is ​$6.90. Find an equation for the demand​ function, assuming it is linear.

Answers

Answer:

The demand function is p= (-2.1)*q + 15.3

Explanation:

The supply function for honey is p=​S(q)=0.4*q+2.8​, where p is the price in dollars for an 8​-oz container and q is the quantity in barrels. The equilibrium price is ​$4.80. So, the equilibrium quantity is:

4.80=0.4*q+2.8​

Solving:

4.80 - 2.8=0.4*q

2=0.4*q

2÷0.4= q

5=q

The demand​ function, assuming it is linear, is p=​m*q+b

The equilibrium quantity is 5 barrels and the equilibrium price is ​$4.80; and the demand is 4 barrels when the price is ​$6.90. So:

[tex]\left \{ {{4.80=m*5+b} \atop {6.90=m*4+b}} \right.[/tex]

Isolating the variable "b" from the first equation, you get:

4.80 - m*5= b

Replacing the previous expression in the second equation you get:

6.90=m*4 + 4.80 - m*5

6.90 - 4.80=m*4 - m*5

2.1= (-1)*m

2.1÷(-1)= m

-2.1=m

Replacing the value of "m" in the expression 4.80 - m*5= b you get:

4.80 - (-2.1)*5= b

Solving you get:

15.3= b

So, the demand function is p= (-2.1)*q + 15.3

A bond with face value of $500,000 has a bid quote of 99.1227 and an asked quote of 99.3996. How much will you, an investor, pay to purchase 10 of these bonds

Answers

Answer: 4969980

Explanation:

Based on the information given in the question, the following can be deduced:

Face value = $500,000

Bid quote = 99.1227

Ask quote = 99.3996

The amount that will be paid by an investor to purchase 10 of these bonds will be:

= 10 × Face value × Ask price

= 10 × 500000 × 99.3996%

= 10 × 500000 × 0.993996

= 4969980

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