18-28 FIFO method, equivalent units. (LO 4) Refer to the information in Exercise 18-26. Suppose the assembly division at Fenton Watches Inc. uses the FIFO method of process costing instead of the weighted average method.
Required
Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule.
Check Figure: Direct materials equivalent units, 460
18-29 FIFO method, assigning costs (continuation of Exercise 18-28). (LO 4)
Required
For the data in Exercise 18-26, use the FIFO method to summarize total costs to account for, calculate cost per equivalent unit for direct materials and conversion costs, and assign total costs to units completed (and transferred out) and to units in ending work-in-process.
Check Figure: Total cost of work-in-process, ending. $613,895

Answers

Answer 1

18-28 FIFO method equivalent units: Direct materials equivalent units: 460. Conversion costs equivalent units: 427. The total cost of units transferred out is $1,141,950 while the total cost of ending work-in-process is $613,895.

18-28: In FIFO (First In First Out) method of process costing, the first unit that enters the production process will be the first one to be transferred to the next department or completed. Using this method, the total cost of units completed and transferred out along with the total cost of ending work-in-progress needs to be determined to calculate the equivalent units of direct materials and conversion costs. The equivalent units of direct materials are 460 whereas the equivalent units of conversion costs are 427. The total cost of work-in-process ending is $613,895. The physical units for both the direct material and conversion costs are similar, which are 2,000 units.18-29: In order to summarize total costs using the FIFO method of process costing, the equivalent units for direct materials and conversion costs need to be calculated. The cost per equivalent unit for direct materials is $2.50 while the cost per equivalent unit for conversion costs is $1.94. The total cost of units transferred out is $1,141,950 while the total cost of ending work-in-process is $613,895.

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Related Questions

lyn is injured when she is struck by debris floating on her property flooded by a breach of mining company's reservoir. the rule that a person who engages in certain activities may be liable under the doctrine of strict liability for any harm that results was established in

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That a person who engages in certain activities may be liable under the doctrine of strict liability for any harm that results was established in the case of is Rylands v. Fletcher.

The rule that a person who engages in certain activities may be liable under the doctrine of strict liability for any harm that results was established in the case of Rylands v. Fletcher. This landmark case established that when a person brings onto their land something that is “likely to do mischief if it escapes”, they are strictly liable for any damages caused. In other words, if a mining company breaches a reservoir and causes flooding that results in injury to a person, the mining company may be liable under the doctrine of strict liability.

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Give all start up costs for opening a salon that has 8 workers with 8 stations and that does everything hair and wax related. Include the quantities for each item and the pricing

Answers

Rent/Lease for the salon space: $2,000 - $10,000

Build-out costs: $5,000 - $15,000

Equipment and supplies:

8 stations, chairs, and mirrors: $5,000 - $10,000

8 styling stations (styling chairs, styling stations, styling tools): $8,000 - $15,000

8 hair dryers: $4,000 - $6,000

8 hair washing stations: $8,000 - $12,000

8 hair cutting stations: $8,000 - $12,000

8 waxing stations: $8,000 - $12,000

Hair color, waxing, and other supplies: $5,000 - $10,000

Marketing and advertising costs: $2,000 - $5,000

Legal and accounting fees: $1,500 - $3,000

Insurance (liability, property, and worker's compensation) $2,000 - $5,000

Employee salaries: $8,000 - $12,000

Miscellaneous costs (utilities, phone, internet, etc): $5,000 - $10,000

Note that these numbers are rough estimations, and the cost can vary depending on location and other factors.

Prepare a balance sheet for Alaskan Peach Corporation as of December 31,2022 , based on the following information, cash = $201,000; patents and copyrights =$855,000; accounts payable =$288,000; accounts receivable = $261,000; tanglble net fixed assets =$5,180,000; inventory =$546,000; notes payable =$181,000; accumulated retained earnings = $4,666,000, long-term debt = $1,170,000 Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32 .

Answers

Total Liabilities and Shareholders' Equity: $6,305,000

Balance Sheet of Alaskan Peach Corporation as of December 31, 2022:

Assets:

Cash: $201,000

Accounts Receivable: $261,000

Inventory: $546,000

Tangible Net Fixed Assets: $5,180,000

Patents and Copyrights: $855,000

Total Assets: $7,043,000

Liabilities and Shareholders' Equity:

Accounts Payable: $288,000

Notes Payable: $181,000

Long-Term Debt: $1,170,000

Accumulated Retained Earnings: $4,666,000

Total Liabilities and Shareholders' Equity: $6,305,000

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if fixed costs are $1,293,000, the unit selling price is $216, and the unit variable costs are $101, what is the break-even point in sales units if fixed costs are increased by $40,600? a. 17,395 units b. 13,916 units c. 9,277 units d. 11,597 units

Answers

The break-even point in sales units, considering the increased fixed costs is 11,597 units. Option d is correct.

To calculate the break-even point in sales units, we can use the formula:

Break-even point (in units) = Fixed costs / Contribution margin per unit

First, let's calculate the contribution margin per unit:

Contribution margin per unit = Unit selling price - Unit variable costs

Contribution margin per unit = $216 - $101

Contribution margin per unit = $115

Next, let's calculate the break-even point with the increased fixed costs:

New fixed costs = $1,293,000 + $40,600

New fixed costs = $1,333,600

Break-even point (in units) = $1,333,600 / $115

Break-even point (in units) = 11,597 units

Therefore, the break-even point in sales units, considering the increased fixed costs, is 11,597 units.

Option d is correct.

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C=4+0.8Y
I=40−6r
G=10
L= 3
1

Y+(144−8r)

where Y is output (GDP), C is consumption, I is investment, r is the interest rate, G is the government expenditure, L is the money demand and P is the price level. There are no taxes, or foreign trade. The money supply M is 180 , and GDP with full employment Y F

is 210 . ここに, Y は GDP,C は消費, I は投資, r は利子率， G は政府支出， L は貨幣需要, P は物価水準を表している. 税金や外国貿易は考えない. マネーサプライ M は 180 , 完全雇用 GDPY F

は 210 である. (b) Consider a mid-term period model ( P is flexible). i. What is the value of price level which satisfy the full employment condition? Derive it by using the IS curve and the LM curve. ii. Derive an algebraic expression for the aggregate demand curve in which P is on the left-hand side and Y is on the right-hand side. iii. Assume that the aggregate supply curve is P=1.2+ 150
1

(Y−Y F

). Draw both aggregate demand and aggregate supply curves and indicate its crosspoint. iv. The central government decides to introduce a monetary policy in order to achieve the full employment. How much is the price level after introducing the policy? v. Derive the additional government expenditure if the government introduce a public-finance policy for the full employment. How much crowding out takes place with this case? Derive its amount by solving the equilibrium interest rate first. vi. What is the necessary amount of the increase in the money supply if the government introduce a monetary policy for the full employment? What is the effect of the policy to the investment level I ? vii. Compare these two policies and describe their advantages and disadvantages.

Answers

a) The given model is: C = 4 + 0.8Y I = 40 - 6r G = 10 L = 3 Y + (144 - 8r) / P. The money supply M is 180 and GDP with full employment YF is 210.

(b) Consider a mid-term period model (P is flexible).i. What is the value of the price level that satisfies the full employment condition? Derive it using the IS curve and the LM curve.IS curve: Y = C + I + G4 + 0.8Y = 40 - 6rY - 0.8Y = 40 - 6r0.2Y = 40 - 6rY = 200 - 30rLM curve: Y + (144 - 8r) / P = L180 / P + (144 - 8r) / P = 3(180 + 144 - 8r) / P = 3r = 33 - 0.125P

i.When the above two curves are intersected, they will give the value of r, which can be substituted in either curve to calculate the value of P.33 - 0.125P = 200 - 30r33 - 0.125P = 200 - 30(33 - 0.125P)33 - 0.125P = 200 - 990 + 0.375P33 + 990 = 200 + 33 + 1.5PP = 450

ii. Derive an algebraic expression for the aggregate demand curve in which P is on the left-hand side and Y is on the right-hand side. Aggregate demand is given by: AD = C + I + GAD = 4 + 0.8Y + 40 - 6r + 10AD = 54 + 0.8Y - 6r

iii. Assume that the aggregate supply curve is P = 1.2 + 150 (Y - YF). Draw both aggregate demand and aggregate supply curves and indicate its crosspoint.Aggregate demand is given by AD = 54 + 0.8Y - 6r.Aggregate supply is given by AS = P = 1.2 + 150 (Y - YF)At the crosspoint of AD and AS, AD = AS54 + 0.8Y - 6r = 1.2 + 150 (Y - 210)Y = 220.5r = 18P = 23.85

iv. The central government decides to introduce a monetary policy to achieve full employment. How much is the price level after introducing the policy? When the money supply increases from 180 to 225, the new value of P is 21. The interest rate decreases from 18 to 15.

v. Derive the additional government expenditure if the government introduces a public-finance policy for full employment. How much crowding out takes place with this case? Derive its amount by solving the equilibrium interest rate first. When there is no government expenditure, the equilibrium interest rate is 18.When government expenditure is introduced, the IS curve becomes Y = C + I + G4 + 0.8Y = 40 - 6r + GY = 200 - 30r + 0.625GThe equilibrium interest rate is now: r = 18 - 0.2083GWhen r is substituted in the IS curve, it gives: Y = 210 + 0.8333GThe crowding-out effect is:ΔG = - 1.2

vi. What is the necessary amount of the increase in the money supply if the government introduces a monetary policy for full employment? What is the effect of the policy on the investment level I?The new LM curve becomes: Y + (144 - 8r) / P = L225 / P + (144 - 8r) / P = 3r = 33 - 0.125PWhen r = 15, P = 21.6When r is substituted in the LM curve, it gives: Y = 210The increase in the money supply is 45. The policy has no effect on the investment level I.

vii. Compare these two policies and describe their advantages and disadvantages. Advantages of Monetary Policy: Monetary policy can be implemented quickly, and the effects are quick. It is a simple policy to implement, and its results are easy to predict. Disadvantages of Monetary Policy: Interest rates are already low, and further reductions would have little effect. The supply of money is not directly related to investment. Advantages of Public Finance Policy: It helps to redistribute income. Investment increases. Disadvantages of Public Finance Policy: There is a time lag between the time the policy is introduced and the time it is implemented. It has no immediate effect on employment.

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PLEASE PLEASE HELP ME!!

Entrepreneurs

An Wang
George Washington Carver
Samuel F. B. Morse
Margaret Hutchison Rousseau

Choose one entrepreneur from this list. Write about an innovative idea this entrepreneur had. Include details about the person who brought it into being and the contributions he or she made to our society. How did this entrepreneur embody one or more characteristics from the HUNT? Present your response in a clear, organized manner and cite specific examples. (4 points)

Answers

Explanation:

hinese-American computer scientist who came to the United States in 1945 to attend Harvard University. He held more than 35 patents. His developments were critical to advancing digital information technology that we depend on today. Wang Laboratories created one of the first desktop computers.

Madame C.J. Walker

was the first member of her formerly enslaved family to be born a free person. She was one of the first self-made African-American millionaires. She employed over 3,000 people at the height of her hair care products business. Madame C.J. Walker was an early entrepreneur in the beauty industry that today garners billions of dollars in annual sales.

Howard Schultz

grew up in a Brooklyn, New York housing project. It is because of him that Starbucks® has over 6,000 stores worldwide today. His drive and marketing skills have made the café latte a daily habit for many Americans.

James Cash Penney

began as a store clerk after graduating high school. A contemporary of Madame Walker, Penney launched the first chain of department stores in the United States, commonly known as "Penney's." Today Americans visit over 1,000 "Penney's" or peruse the mail order and online catalogs to purchase various household goods and clothing.

Samuel F.B. Morse

grew up in Massachusetts studying religion and art. Morse patented the telegraph in 1849. His invention paved the way for long-distance communication, reshaping America literally in terms of westward expansion, railroad safety, and business efficiency.

George Washington Carver

reshaped the American South from a society heavily focused on cotton agriculture to one that grew diverse crops and utilized crop rotation. He taught these techniques for 47 years at the Tuskegee Institute. In addition, he discovered a plethora of uses for peanuts that are in many products we use to this day.

Joseph A. Unaue

grew up in Bronx, New York, born to a Spanish father and Puerto Rican mother. His father founded Goya Foods®, distributor of Hispanic foods. Joseph and his brothers joined the family business and under Joseph's direction Goya Foods® became the largest U.S. Hispanic-owned food distribution company in the United States

Answer:

George Washington Carver

Explanation:

George Washington Carver

(1864–January 5, 1943) was an American agricultural scientist and inventor who advocated for non-cotton crops and soil conservation practices. In the early twentieth century, he was the most prominent black scientist.Carver devised strategies to repair soils depleted by repeated cotton crops as a professor at Tuskegee Institute. He wanted poor farmers to produce additional crops like peanuts and sweet potatoes to supplement their income and improve their living conditions.105 food recipes using peanuts were included in the most popular of his 44 practical bulletins for farmers. Despite spending years creating and marketing a variety of peanut-based goods, none of them were economically successful.

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Management, can anyone help me?

Answers

I think it is C I looked up some stuff and they all add up to C

What steps can I use to set saving easier?

Answers

Record your expenses. The first step to start saving money is to figure out how much you spend. ...
Budget for savings. ...
Find ways you can cut your spending. ...
Decide on your priorities. ...
Make saving automatic.

Were Social Security and Medicare the largest contributors of revenue for the federal government in Fiscal Year 2019? Explain.(1 point)

Yes, because Social Security and Medicare taxes made up more than 50% of the revenue in Fiscal Year 2019 with $1.718 trillion.

No, because corporate income taxes contributed about $1.242 trillion in Fiscal Year 2019 while Social Security and Medicare taxes only contributed $230.2 billion.

No, because individual income taxes contributed about $1.718 trillion in Fiscal Year 2019 while Social Security and Medicare taxes only contributed $1.242 trillion.

Yes, because Social Security and Medicare taxes contributed about $1.542 trillion in Fiscal Year 2019 while individual income taxes only contributed $1.518 trillion.

Answers

Answer:

the answer is C, income taxes made more.

Explanation:

It is false because the individual income taxes contributed about $1.718 trillion in Fiscal Year 2019 while Social Security and Medicare taxes only contributed $1.242 trillion.

What is an Income tax?

These are tax imposed on earned income by people in a country while the Social Security and Medicare taxes are imposed on people income while working as well.

However, the individual income taxes contributed about $1.718 trillion in Fiscal Year 2019 while Social Security and Medicare taxes only contributed $1.242 trillion.

Therefore, the Option C is correct.

Answers

Answer:

D.) Uniformity

Explanation:

I just did it it was correct and this is just if you need a second opinion.

In order for money to work correctly, the different pieces of currency in an economy should look similar to each other. This is an element of the Uniformity of money. Hence, Option D is correct.

What is currency?

When a person wants to market or wants to purchase anything, it can be for self, or for a family member or for a friend, or for anyone else, they have to pay a certain amount of money and that money is known as the currency. Just like each nation has its own language, similarly, they also have its own currency.

For instance, if a person wants to buy or purchase anything in India, they have to use the Indian Rupee which is the currency of India, If one is in Saudi Arabia, they will use Saudi Riyal, and many more. There is a market which is known as the free market, in that market gold is also considered a currency. For smooth functioning of the currency, there should be uniformity of money.

Thus, Option D is correct.

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If the risk-free rate of return is 3 percent, the return on the market portfolio is 7 percent, and the beta of the InterContinental Hotels is 1. 8, what is the expected value of return for the InterContinental Hotels

Answers

The expected value of return for InterContinental Hotels can be calculated using the Capital Asset Pricing Model (CAPM). The CAPM formula is:

Expected return = Risk-free rate + Beta * (Market return - Risk-free rate)

Given:

Risk-free rate = 3%

Market return = 7%

Beta of InterContinental Hotels = 1.8

Expected return = 3% + 1.8 * (7% - 3%)

Expected return = 3% + 1.8 * 4%

Expected return = 3% + 7.2%

Expected return = 10.2%

Therefore, the expected value of return for InterContinental Hotels is 10.2%. This represents the expected return based on the risk-free rate, the market return, and the beta of the stock.

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A set of exam marks has mean 70, median 65, inter-quartile range 25 and standard

deviation 15 marks. It is decided to subtract 10 from all the marks. For the new set of marks,

i) what is the new mean?

ii) what is the new median?

I

iii) what is the new inter-quartile range?

iv) what is the new standard deviation?

Answers

The new mean is 60.The new median is 65.The new inter-quartile range is 25.The new standard deviation is 15.

Given Data:Set of exam marks Mean = 70 Median = 65 Inter-quartile range = 25 Standard deviation = 15 marks

Subtract 10 from all the marks Formula Used:New mean = Old mean - a New median = Old median - a New inter-quartile range = Old inter-quartile range

New standard deviation = Old standard deviation Step-by-step solution to the given problem:

i) The new mean formula is given by New mean = Old mean - a.Put the given values in the formula New mean = 70 - 10= 60.Therefore, the new mean is 60.

ii) The new median.Since we are subtracting a constant value, the median will also be the same. Hence, the new median will be 65.

iii) The new inter-quartile rangeThe new inter-quartile range formula is given by New inter-quartile range = Old inter-quartile range.Put the given values in the formula New inter-quartile range = 25.Therefore, the new inter-quartile range is 25.

iv)The new standard deviation formula is given by New standard deviation = Old standard deviation.Put the given values in the formula New standard deviation = 15.

Therefore, the new standard deviation is 15.Answer:The new mean is 60.The new median is 65.The new inter-quartile range is 25.The new standard deviation is 15.

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true false Title VII of the Civil Rights Act prohibits job discrimination on the basis of income.

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it is false that Title VII of the Civil Right Act prohibits job discrimination on the basis of income.

The Civil Rights Act (1964) is a Federal law that prohibits the discrimination of people on the basis of race, color, religion, sex etc

The Title VII of the Civil Rights Act provides that "the legislation prohibits employment discrimination based on race, color, religion, sex and national origin".

The The Civil Rights Act (1964) does not proivide leglslative on the basis of Income of an individual

Therefore, it is false that Title VII of the Civil Right Act prohibits job discrimination on the basis of income.

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a buyer's motivation to make a purchase begins when he/she:

Answers

The buyer's motivation to make a purchase begins when he or she acknowledges a need for a particular item or service that satisfies a need. This motivation can be influenced by the buyer's previous experience with similar products or services.

Explanation: A buyer's motivation to make a purchase begins when he or she identifies a need for a specific product or service that can satisfy a need. An individual might require a new car to get to and from work, or they might need a new suit for an upcoming job interview.

The desire for that product or service grows stronger when the buyer understands the benefits that come with owning or using it. Consumers' buying behavior is influenced by their requirements, which are divided into primary and secondary categories. To satisfy their primary requirements, consumers buy products and services such as food, clothing, and shelter. Furthermore, consumers seek secondary benefits, such as prestige, a sense of security, and social acceptance.

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the following information is available for a depreciable asset:cost: $20,000salvage value: $5,000useful life: 5 yearsusing double-declining balance, what is the asset's book value at the end of its useful life?a. $0.

Answers

To determine your straight-line depreciation rate, divide "100%" by the number of years the asset will be useful. The Double-Declining Depreciation Rate is then calculated by multiplying the result by two.

This strategy involves continuing depreciation until the asset's value drops to its salvage value. Formula for a double-declining balance is 2 x Asset Cost x Asset Depreciation Rate. The following is shown in the table above: The balance is dropping twice.

The book value of an asset is depreciated at a fixed rate each year, leading to accelerated depreciation. A five-year-old asset, for instance, would have a reciprocal value of 1/5, or 20%. The asset's current book value is reduced by twice the rate, or 40%, for depreciation.

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Completing a(n ____ will help you identify things you are interested in

- aptitude test

- interest inventory

- personality survey

- skills assessment

Answers

Completing a interest inventory will help you identify things you are interested in. Therefore the correct option is option B.

Interest inventories are evaluations or examinations that assist people in identifying their passions, interests, and preferences. These usually take the form of a series of questions or statements that request respondents to rate their level of interest in various pursuits or subjects. An interest inventory's findings can guide people in choosing careers, pastimes, or educational paths that fit with their passions and interests.

An individual's capacity to learn or do a certain activity is measured by an aptitude test, whereas their characteristics, actions, and attitudes are evaluated by a personality survey. An evaluation of a person's skills or knowledge identifies their level of competence. Therefore the correct option is option B.

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What does competetive advantage mean?

Answers

Answer:

a condition or circumstance that puts a company in a favourable or superior business position.

Answer:

a condition or circumstance that puts a company in a favorable or superior business position.

Explanation:

Paul's Programming Services paid $100 dividends. Show how to use T-accounts to record this transaction by selecting the correct answer below. Multiple choice question. Credit Cash; debit Common stock. Debit Dividends; credit Cash. Debit Cash; credit Dividends expense. Credit Cash; debit Retained earnings.

Answers

Answer:debit dividends; credit cash

Explanation:

In T-accounts, the transaction is recorded as debit Dividends; credit Cash. Option (b) is correct.

What are T accounts?

A collection of financial records that employ double-entry accounting are referred to informally as T-accounts. Because of the way the bookkeeping entries are organized, the account is known as a T-account.

A corporation's payout of profits to its shareholders is known as a dividend. A corporation that experiences a profit or surplus is able to distribute a portion of that profit to its shareholders in the form of a dividend. Any remaining funds are seized and reinvested in the company (called retained earnings). A corporation is typically not allowed to pay a dividend out of its capital. therefore, both the current year's profit and the retained earnings from prior years are eligible for distribution.

Therefore, Option (b) is correct.

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what is the ownership structure of a company or firm?

Answers

Answer:

I think it's called a chairman if that's what your asking not entirely sure but I wanted to help you. Please give me brainliest too I only need 4 more until virtouso

Explanation:

The answer would be a business organization

wat is 6x6+63+90-331x5

Answers

The Answer is -1466.

Explanation:

Answer:

-1466

Explanation:

Give brainliest and I will do step by step!

Step by step-

6 X 6= 36

-331 X 5= -1655

63 + 90= 153

153 + 36= 189

-1655 + 189= -1466

A trade allowance is a price reduction offered by retailers to customers who are buying homogeneous shopping goods.
True or False

Answers

A trade allowance is a price reduction offered by retailers to customers who are buying homogeneous shopping goods. This statement is true.

This type of offer is given to customers to encourage them to purchase products, and trade allowances are one of the methods that companies can use to do so. Trade allowances are a type of promotion that retailers use to encourage consumers to purchase their products. The trade allowance will aid businesses in the marketing of their goods and services to potential customers.

As a result, the trade allowance can assist the company in boosting its sales revenue and profits by attracting more customers. A trade allowance can help to increase demand and ultimately boost revenue for businesses.

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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).

Answers

It can be seen from the solutions given that Cain's net income is $24,000.

Here is the solution:

Net income = Net cash provided by operating activities - Adjustments

= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000

= $24,000

Therefore, Cain's net income is $24,000.

Here is a breakdown of the adjustments:

To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.

A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.

The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.

A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.

A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.

A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.

Answers

Explanation:

Full meaning of acronyms:

B2C = Business to Consumer.B2B = Business to Business.C2C = Consumer to Consumer.

Business to Consumer: This involves businesses that directly deal (sell to) with consumers. For example, Amazon, etc.

Business to Business: These businesses directly service or sell to other businesses, not to the final consumer. For example, Microsoft and Intel (in this case Intel sells its microchips to Microsoft).

Consumer to Consumer: These business transactions are carried between consumers only. For example, Craigslist website.

what is a way to stay accountable to reaching your financial goals?

Answers

One way to stay accountable to reaching your financial goals is by regularly tracking your expenses and budgeting your income. This helps you identify areas where you can cut back and save more, ultimately keeping you on track towards your financial objectives.

Expense tracking refers to the practice of recording and monitoring all your expenditures, including both fixed and variable expenses. By diligently tracking your expenses, you gain visibility into where your money is going and can identify areas where you may be overspending or making unnecessary purchases. Budgeting, on the other hand, involves creating a plan for how you will allocate your income to various categories such as savings, bills, groceries, entertainment, etc. By setting specific budget limits and sticking to them, you ensure that you prioritize saving and avoid overspending. Regularly reviewing your expenses and budget allows you to assess your progress, make necessary adjustments, and stay accountable to your financial goals.

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Universities are sometimes ranked for prestige according to the amount of research funding their faculty members are able to obtain from outside sources. Explain why it would not be fair to simply use total dollar amounts for each university, and describe what should be used instead.

Answers

Universities are sometimes ranked for prestige according to the amount of research funding their faculty members are able to obtain from outside sources. However, it would not be fair to simply use total dollar amounts for each university. The reason behind this is that some universities may have more faculty members applying for grants, which may result in a higher total dollar amount even though the quality of research might not be better than universities with fewer faculty members applying for grants .

To account for this, a better measure would be to use research funding per faculty member. This would give a more accurate representation of the research funding being received on a per capita basis. It would also allow for a fair comparison between universities of different sizes with varying numbers of faculty members .The amount of research funding that faculty members receive can also be affected by the subject matter they are researching.

Certain fields of study may receive more funding from outside sources than others. As a result, it would also be important to adjust for the differences in funding between fields of study to provide a more accurate comparison between universities. This could be achieved by using discipline-specific rankings or by grouping universities by their primary fields of study.

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.In a limited service hotel, what is the incremental expense incurred in selling one guest room?
A. GOPPAR
B. RevPAR
C. GOPPOR
D. CPOR

Answers

In a limited service hotel, the incremental expense incurred in selling one guest room is referred to as CPOR, which stands for Cost Per Occupied Room option D)

CPOR is calculated by dividing the total operating expenses for a given period by the total number of rooms occupied during that same period. This metric is used to determine the cost of providing services to each guest room and can be used to evaluate the efficiency of a hotel's operations.

In a limited service hotel, where services and amenities are typically more limited than in full-service hotels, controlling costs is essential to maintaining profitability. By monitoring CPOR, hotel managers can identify areas where costs can be reduced, such as through more efficient use of labor or better inventory management.

While metrics such as RevPAR (Revenue Per Available Room) and GOPPAR (Gross Operating Profit Per Available Room) are also important for measuring hotel performance, CPOR provides a more specific measure of the cost of providing services to guests and can help hotels make more informed decisions about pricing, staffing, and other operational issues, therefore option D) is correct

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When an entrepreneur takes some of his profits and replaces old machinery, he is investing in
A. Natural Resources
B. Human Capital
C. Land
D. Capital Goods

Answers

Answer:

D. Capital Goods

Explanation:

Capital goods are physical assets that a business uses to generate revenues. Usually, capital goods have a useful life beyond one year. It implies that they are not meant for sale in the current financial year.

Capital goods include machinery, plants, and equipment, and other long term tangible assets. Some capital goods require a considerable sum of funds to acquire. Costs incurred in acquiring capital goods are spread over the number of their useful life.

Answer:

Explanation:

what does the discounted payback period ignore? group of answer choices the time value of money cash flows beyond the payback period the cost of the project. both a and b.

Answers

The discounted payback period ignore the cash flows after the payback period.

What is discounted payback?

A capital budgeting technique used to assess a project's profitability is the discounted payback time. By discounting the future and taking into account the time value of money, a discounted payback period calculates how many years it will take to recover the initial investment. The measure is employed to assess a project's viability and profitability.

Because it only considers a single, upfront investment and ignores the time value of money, the more straightforward payback period formula, which merely divides the overall cash outlay for the venture by the average annual cash flows, doesn't give a reliable response to questions of whether or not to take on a project.

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the central bank can reduce the level of credit by

Answers

Answer:it can increase the reserve requirements

Explanation:

What do you think it means that your money is FDIC/NCUA insured up to $250,000

Answers

I believed that my deposit money is insured up to $250,000 by FDIC/NCUA because it is a legal banking requirement.

What is the banking requirement?

The insurance of deposit is necessary to prevent to banks from huge liability incase they lose their customer's deposit because of theft, fraud etc

In conclusion, I believed that my deposit money is insured up to $250,000 by FDIC/NCUA because it is a legal banking requirement.