Answers
Related Questions
performance.
Below is the information relating to production and sale of the
threeproducts for the year ending 31 December 2019:
Particulars
Krollers
Bags
Output sold (000)
Unit sales and costs
Selling price
Direct materials
Direct labour
Fixed production costs
Selling and distribution
Costs
Layers
Bags
1,200
Shs
1,050
Shs
Broilers
Bags
1,300
Shs
200,000 185,000 180,000
90,000 100,000
60,000 50,000
28,000 24,000
7,000 7,000
80,000
45,000
30,000
7,000
Administrative costs
5,000 5,000
6,000
Management accountant further advised that shutting down the
production line of feed concentrate for Kroilers will save 20% of the
total annual fixed costs.
Required:
Advise SIL's management, on whether the production line of
feed concentrate for Kroilers should be shut down.
(9 marks)
Answers
Based on the information provided, I recommend that SIL does not shut down the production line of feed concentrate for Kroilers
How to explain the informationThe decision to shut down a production line is a complex one that should be made on a case-by-case basis.
In the case of SIL, the management accountant has advised that shutting down the production line of feed concentrate for Kroilers will save 20% of the total annual fixed costs. This would result in a net profit increase of Shs. 2,800,000 (20% of 28,000,000). However, there are a number of other factors that need to be considered.
Based on the information provided, I recommend that SIL does not shut down the production line of feed concentrate for Kroilers. The financial benefits of the closure would be offset by the costs of job losses, lost sales, and damage to the company's reputation. The company should explore other options, such as finding a way to reduce costs without closing the production line.
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_plan is a written document that details the necessary actions to achieve one or more marketing objectives. It can be for a product or service, brand, or a product line. It covers between one and five years
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Paul Corporation reported net income of $260,000 during the current calendar year. The company had 10,000 common shares outstanding on January 1 and sold an additional 6,000 shares on July 1. What is the company’s basic EPS?
Answers
Answer:
the company’s basic EPS is $37.14
Explanation:
Basic Earnings per share = Earnings attributable to holders of common stock ÷ Weighted Average Number of Common Stocks
Step 1 : Calculation of Earnings attributable to holders of common stock
This is given. It is the Net Income during the current year of $260,000
Step 2 : Calculation of Weighted Average Number of Common Stocks
Outstanding Stocks at the beginning of the year 10,000
Less Sold Stocks - On Weight Basis (6/12 × 6,000) 3,000
Weighted Average Number of Common Stocks 7,000
Therefore,
Basic Earnings per share = $260,000 ÷ 7,000
= $37.14
A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
Answers
A promissory note can best be described as: a. an interest-bearing IOU.
What is promissory note?Promissory note can be defined as a written note that help to shows that a person who lend a money from another person promise to payback. The note contains a promise by the borrower to pay back the lender within a stipulated period of time.
A promissory note can tend to be described as IOU which full meaning is I OWE YOU which implies that a borrower is telling the lender that he/she owe the lender some certain amount of money which the borrower will have to payback.
A promissory note also contains the terms and conditions of the agreement and this terms and agreement includes the following :
The principal amountThe loan maturity dateThe interest etcTherefore we can conclude that the correct option is A.
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50 points! marking brainliest
Answers
Answer:
i cant see it it very blurey
Explanation:
Answer:
ok
Explanation:
What does Daniel Pink's research indicate about motivators used at work places? Financial motivators always work for employees irrespective of financial fairness levels. Carrot motivators work well for employees who need to be innovative at their jobs. Carrot motivators increase creativity at work places and improve efficiency. Stick motivators are especially helpful to tackle unethical and illegal behavior. Carrot motivators decrease innovation and turn creative work into drudgery.
Answers
Daniel Pink's research indicated that "Carrot motivators decrease innovation and turn creative work into drudgery."
This implies that when people know that their innovation might not work out and lead to penalties, they wouldn't want to function well or try any creativity at work.
Daniel Pink suggested in his research work that three components drive humans to improve their productivity in workplaces. These components are autonomy, mastery, and purpose.
Daniel Pink is famous for being an author and four times New York Bestseller.
Hence, in this case, it is concluded that the correct answer is option E. "Carrot motivators decrease innovation and turn creative work into drudgery."
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ANSWER FAST PLEASE!!
What could a consumer do to help his or her community? *financial literacy*
A. buy imported goods
B. user fewer plastic utensils
C. buy goods online
D. purchase goods produced locally
Answers
A consumer can help his or her community financial literacy wise by purchasing the goods produced locally because its helps the economy in GDP.
What is financial literacy?A financial literacy refers to a possession of an ability to understand financial skills including personal financial management, budgeting, investing etc
Hence, a consumer can help his or her community financial literacy wise by purchasing the goods produced locally because its helps the economy in GDP.
Therefore, the Option C is correct
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Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable: Supplies; Office Equipment; Accounts Capital; Jason Payne, Drawing: Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense.
Oct. 1 Paid rent for the month, $3,600
3 Paid advertising expense, $1,200.
5 Paid cash for supplies, $750
6 Purchased office equipment on account, $8,000
10 Received cash from customers on account, $14,800
15 Paid creditors on account, $7,110
27 Paid cash for miscellaneous expenses, $400.
30 Paid telephone bill (utility expense) for the month, $250
31 Fees earned and billed to customers for the month, $33,100
31 Paid electricity bill (utility expense) for the month, $1,050.
31 Withdrew cash for personal use, $2,500
Journalize the transactions for October 2019
Answers
Answer:
Journal entries for October 2019
Date Accounts Titles and Explanation Debit Credit
Oct 1 Rent expense $3,600
Cash $3,600
(To record entry for payment of rent for month)
Oct 3 Advertising expenses $1,200
Cash $1,200
(To record entry for Advertising expenses)
Oct 5 Supplies $750
Cash $1750
(To record entry for purchase of supplies)
Oct 6 Office equipment $8,000
Accounts Payable $8,000
(To record purchase of office equipment on account)
Oct 10 Cash $14,800
Accounts Receivable $14,800
(To record cash received from customers on account)
Oct 15 Accounts payable $7,110
Cash $7,110
(To record payment made to creditors)
Oct 27 Miscellaneous expenses $400
Cash $400
(To record repair expense of office equipment)
Oct 30 Telephone expense $250
Cash $250
(To record payment made for telephone bill)
Oct 31 Accounts receivables $33,100
Service fees $33,100
(To record fees earned)
Oct 31 Utility expense $1,050
Cash $1,050
(To record payment made for electricity bill)
Oct 31 Personal use $2,500
Cash $2,500
(To record payment of dividend)
The Journal Entries are mentioned below.
What are Journal Entries?A journal entry is the first step—and an essential function—of the accounting process. They are the record of monetary transaction of a business.
Journal Entries in the books of Concrete Consulting Co.
for October 2019
Date Accounts Titles and Explanation Debit Credit
Oct 1 Rent expense A/c Dr. $3,600
To Cash A/c $3,600
(Being rent paid)
Oct 3 Advertising expenses A/c Dr $1,200
To Cash A/c $1,200
(Being Advertising expenses paid)
Oct 5 Supplies A/c Dr $750
To Cash A/c $750
(Being payment for purchase of supplies)
Oct 6 Office equipment A/c Dr $8,000
To Accounts Payable A/c $8,000
(Being office equipment purchased)
Oct 10 Cash A/c Dr $14,800
To Accounts Receivable A/c $14,800
(Being cash received from customers)
Oct 15 Accounts payable A/c Dr $7,110
To Cash A/c $7,110
(Being payment made to creditors)
Oct 27 Miscellaneous expenses A/c Dr $400
To Cash A/c $400
(Being expense made for repair of office equipment)
Oct 30 Telephone expense A/c Dr $250
To Cash A/c $250
(Being payment made for telephone bill)
Oct 31 Accounts receivables A/c Dr $33,100
To Service fees A/c $33,100
(Being fees earned)
Oct 31 Utility expense A/c Dr $1,050
To Cash A/c $1,050
(Being electricity bill paid)
Oct 31 Personal use A/c Dr $2,500
To Cash A/c $2,500
(Being cash withdrawn for personal use)
Therefore the above Journal Entries captures all the transactions.
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The ……………. refers to something being put into the system. This is transformed by the organisation (or parts of it) through an activity or function of the organisation.
Answers
Answer:
any options ?
Explanation:
any options ?
Which of the following best explains why a country might specialize in the production of a good?
O Consumers in the country only demand a single good.
O The country believes it is generally better to do one thing really well than multiple things.
The country cannot produce other goods and services.
Specialization allows the country to exchange for more of other goods than it could produce.
Answers
The best explanation for why a country might specialize in the production of a good is specialization allows the country to exchange for more of other goods than it could produce (option D).
Specialization in the production of a particular good enables a country to take advantage of its available resources, labor, and technology to produce that good more efficiently and at a lower cost compared to other countries. As a result, the country can sell its specialized good to other countries in exchange for other goods that it needs but cannot efficiently produce on its own.
For example, if a country specializes in the production of coffee, it can produce coffee beans at a lower cost and higher quality than other countries due to its favorable climate and available resources. The country can then trade its coffee for other goods that it cannot produce as efficiently, such as electronics or machinery.
Specialization also leads to increased productivity and efficiency, as workers can focus on producing a specific good and become highly skilled in that area. This can lead to technological advancements and innovations, which can further improve production efficiency and competitiveness in the global market.
In conclusion, specialization allows a country to leverage its strengths in the production of a specific good, trade it for other goods it needs, and increase productivity and competitiveness.
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Identify an industry that enjoys perfect (or nearly perfect) competition. How do the competitors interact with each other and suppliers and customers?
Answers
Farmers' markets: The typical farmers' market may be the closest thing to ideal competition that exists in the real world. Small customers producers charge relatively similar pricing for products that are almost equivalent.
Considering that there are so many small producers in the agricultural sector and that they have so little. This industry perhaps displays the closest thing to ideal competition because of its control over the selling pricing of their products. Monopolistic Competition Despite the fact that numerous businesses use customers marketing techniques and recipes, McDonald's is nonetheless distinct. Because the products are not uniform, the market cannot be completely competitive.
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Most retirees spend roughly half of their budget
on
A.living expenses
B. New hobbies
C.travel
D.children and grandchildren
Answers
Answer:
A.Living expenses.
Explanation:
wag mag mura kung mali
Answer:
a
Explanation:
living expenses
The sovereign rating for Vietnam is B2 (with a default spread of 5%), the standard deviation in the Vietnamese equity index is 30% and the standard deviation in the Vietnamese government bond is 24%. If the premium for a mature market (say, the US) is 5.5%, estimate the total equity risk premium for Vietnam.
Answers
Answer:
The total equity risk premium for Vietnam was 11.13 as of January 1st, 2023 according to Damodaran Online. The total equity risk premium starts with a mature market premium and adds a country risk premium based on the risk of the country in question. The country risk premium for Vietnam is estimated to be 5%.
Given that the premium for a mature market (say, the US) is 5.5%, we can estimate the total equity risk premium for Vietnam as follows:
Total Equity Risk Premium = Mature Market Premium + Country Risk Premium Total Equity Risk Premium = 5.5% + 5% Total Equity Risk Premium = 10.5%
Therefore, the estimated total equity risk premium for Vietnam is 10.5%.
I hope this helps!
Explanation:
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All of the following are examples of primary market research EXCEPT
A.
Direct-mail surveys
B.
Free product samples
C. Focus groups
D.
Promotional e-mail campaigns
Answers
What is the term for the joining of two or more firms involved in different stages of producing the same good or service?
horizontal merger
conglomerate
closely held corporation
vertical merger
Answers
Answer:
vertical merger
Explanation:
According to the creditor hierarchy, list the following from high risk to low risk
1 Ordinary share capital 2 Preference share capital 3 Trade payables 4 Bank loan with fixed and floating charges A 1,2,3,4 B 2,1,4,3 C 1,2,4,3 D 4,1,2,3 2.
Answers
The correct order from high risk to low risk is: D) 4, 1, 2, 3 where trade payables are the lowest-risk creditors, followed by ordinary share capital, preference share capital, and bank loans with fixed and floating charges being the highest-risk creditors.
Bank loans are a common form of debt financing provided by financial institutions such as banks to individuals and businesses.
The terms and conditions of bank loans can vary depending on the lender and the borrower's creditworthiness, but typically include an interest rate, repayment schedule, and collateral or security requirements.
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Question 1 of 10
Malika defaulted on the equipment loan for her hair salon. What type of
remedy would the bank would most likely seek?
Answers
Answer: An attachment
Explanation: ap3x:)
Answer: attachment
Explanation:
A pex just took quiz
According to this excerpt, what is one major way in which the World Bank differs from a regular bank? The World Bank is a source of financial assistance. The World Bank aims to improve living standards. The World Bank provides low-interest loans and credit. The World Bank serves people of different income levels.
Answers
Answer:
The World Bank aims to improve living standards
Explanation:
World Bank helps with assistance to developing countries around the world
Bother world bank aims to improve living standards .
Explanation: they asked me this question 10+ times. It is the right answer
On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7,744. Cash receipts yet to be deposited into the checking account total $3,138, and checks written by the academy but not yet processed by the bank total $1,225. The company's balance of cash does not reflect a bank service fee of $15 and interest earned on the checking account of $26. These amounts are included in the balance of cash of $5,842 reported by the bank as of the end of August. Required: 1. Prepare a bank reconciliation to calculate the correct ending balance of cash on August 31, 2021. (Amounts to be deducted should be indicated with a minus sign.)
Answers
Answer:
Dj Khalid why am I yelling
Explanation:
fatfat
How much is being paid is the only thing you need to consider when considering a job offer True or fals
Answers
Answer:
being paid 1000
Explanation:
1000
Presented below are income statements prepared on a LIFO and FIFO basis for Sunland Company, which started operations on January 1, 2019. The company presently uses the LIFO method of pricing its inventory and has decided to switch to the FIFO method in 2020. The FIFO income statement is computed in accordance with the requirements of GAAP. Sunland’s profit-sharing agreement with its employees indicates that the company will pay employees 10% of income before profit-sharing. Income taxes are ignored.
LIFO BASIS FIFO BASIS
2017 2016 2017 2016
sales 3000 3000 3000 3000
cost of good sold 1130 1000 1100 940
operation expenses 1000 1000 1000 1000
incomebefore profit sharing 870 1000 900 1060
porfit sharing expense 87 100 96 100
net income 783 900 804 960
Instructions:
A) If comparative income statements are prepared, what net income should Kenseth report in 2016 and 2017?
B) Explain why, under the FIFO basis, Kenseth reports $100 in 2016 and $96 in 2017 for its profit sharing expense.
C) Assume that Kenseth has a beginning balance of retained earnings at January 1, 2017, of $8,000 using the LIFO method. The company declared and paid dividends of $500 in 2014. Prepare the retained earnings statement for 2017, assuming that Kenseth has switched to the FIFO method.
Answers
Solution :
A. Kenseth Company
Income Statement (for the year ended)
2017 2016
Sales 3000 3000
Cost of goods sold 1100 940
Operating expenses 1000 1000
Income before profit sharing 9000 1060
Profit sharing expense 96 100
Net Income $ 804 $ 960
The company must report \($\$ \ 100$\) as profit sharing expense in 2016, even though, profit sharing of expense may be \($\$ \ 106$\) if FIFO had been used in the year 2016.
B. The profit sharing of expense reflects the indirect effect of the change in an accounting principle. Under the SFAS No. 154, the indirect effects from period before the change are recorded in the year of the change.
In this case, profit sharing expense recorded in the year 2007 is composed of :
$ 900 x 10% = $ 90 (year 2017 under the FIFO)
$ 60 x 10% = $ 6 (difference in the profit sharing for the year 2016)
Net = $ 96 (profit sharing expense for the FIFO in year 2017)
C. Retaining earnings statement of 2017
Retained earning, Jan 1 as reported $ 8000
Cumulative effect of the change to \($FIFO$\) ($960 - $900) $ 60
Retained earnings , Jan 1, as adjusted $ 8060
Add \($:$\) Net income \($\$ \ 804$\)
Deduct \($:$\) Dividends $ 500
Retained earnings, Dec 31 $ 8364
Goodies (Pty) Ltd is a retailer of children's toys. The Management Accountant created the sales budgets for the last four months of the financial year ended December 2023. The budget is presented below: Month Cash Sales Credit Sales Total Sales September R 60 000 450 000 510 000 October R 50 000 500 000 550 000 November R 70 000 420 000 490 000 December R 30 000 510 000 540 000 Additional information: Collections regarding credit sales are as follows: . 50% in the month of the sale and is therefore subject to a 4% settlement discount. 25% one month after the month of sale. 20% two months after the month of the sale and the remainder (5%) is uncollectable. Goodies (Pty) Ltd's inventory requirements are 25% of the next month's total budgeted sales amount. Inventory is purchased in the month preceding its expected sale. All inventory purchases are made on credit. The suppliers' terms of payment require that 40% be paid in the month of purchase and the balance (60%) be paid in the month after the month of purchase. Direct wages amount to R15 000 per month. Wages are all paid in cash as they occur. January 2024 sales are expected to comprise of R550 000 credits sales and R30 000 cash sales. The bank is expected to be in an overdraft of R42 000 on 31 October 2023. Selling, distribution, and administrative costs are expected to be 50% of the monthly total sales and include depreciation of R25 000 per month.
prepare a cash budget for Goodies (Pty) Ltd for the months of November 2023 and December 2023.
show all workings
Answers
Based on the cash budget, Goodies (Pty) Ltd is expected to have a bank overdraft of R105 000 at the end of November, which will increase to R241 000 at the end of December.
To prepare the cash budget for Goodies (Pty) Ltd for the months of November and December 2023, we need to take into account the following information:
Sales (cash and credit) for each month
Collections from credit sales
Purchases of inventory
Payments for inventory purchases
Direct wages
Selling, distribution, and administrative costs
Depreciation
Bank overdraft
Using this information, we can prepare the cash budget as follows:
Goodies (Pty) Ltd
Cash Budget for November and December 2023
November December
Cash receipts:
Cash sales R 70 000 R 30 000
Collections from credit sales:
Month of sale R 225 000 R 255 000
1 month after sale R 105 000 R 84 000
Total cash receipts R 400 000 R 369 000
Cash disbursements:
Inventory purchases R 137 500 R 137 500
Direct wages R 15 000 R 15 000
Selling, distribution, and administrative costs R 245 000 R 270 000
Payments for inventory purchases:
Month of purchase R 55 000 R 82 500
1 month after purchase R 82 500 R -
Total cash disbursements R 535 000 R 505 000
Net cash flow (R 135 000) (R 136 000)
Opening bank balance R 30 000 R (105 000)
Closing bank balance R (105 000) R (241 000)
Bank overdraft R (105 000) R (241 000)
Workings:
Collections from credit sales:
Month of sale: 50% of credit sales = (50% x R450 000) + (50% x R420 000) = R435 000
4% settlement discount: 4% x R450 000 = R18 000
Total collections from credit sales in November: R435 000 - R18 000 = R417 000
Total collections from credit sales in December: R420 000 x 50% = R210 000
Purchases of inventory:
December inventory required: 25% x R550 000 = R137 500
Payments for inventory purchases:
November purchases: 40% x R137 500 = R55 000
December purchases: 60% x R137 500 = R82 500
Selling, distribution, and administrative costs:
November: 50% x R490 000 = R245 000
December: 50% x R540 000 = R270 000
Net cash flow:
November: Total cash receipts - Total cash disbursements = R400 000 - R535 000 = (R135 000)
December: Total cash receipts - Total cash disbursements = R369 000 - R505 000 = (R136 000)
Based on the cash budget, Goodies (Pty) Ltd is expected to have a bank overdraft of R105 000 at the end of November, which will increase to R241 000 at the end of December.
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Describe how sales and consumer-related legislation and regulations affect the delivery of customer service
Answers
Health and safety legislation affects customer service delivery as it requires staff in an organization to ensure the safety of themselves and others, and act responsibly.
There are many perspectives like Changes to tax regulations and rates can have a significant impact on a business. For example, a fall in the rate of corporation tax reduces the amount of tax that corporations have to pay on their profits.
Customer service staff who deal with customers should know about the impacts and effects of legislation and regulations that protect the consumer when buying goods and services.
Governments issue regulations related to environmental practices, employee practices, advertising practices, and much more.
Government regulations affect how companies structure their businesses, where companies decide to locate, how they classify their employees and thousands of other things.
Environmental regulations, intended to protect human health and the environment, generally result in higher production costs and lower productivity in firms, which can lead them to shift investment and production to less stringent locations.
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Problem-6; (chapter 3) SS Ltd. obtained significant influence over YY Ltd by buying 30% of Y's 100,000 outstanding ordinary shares at a cost of Br 18 per share on January 1, 2022. On May 15, YY declared and paid a cash dividend of Br 150,000. On December 31, YY reported net income of Br 270,000 for the year. (a) record acquisition of shares (a) record revenue and dividends
Answers
(a) Record acquisition of shares: Investment in YY Ltd. Dr. Br 540,000, Cash Cr. Br 540,000.
(a) Record revenue and dividends: Dividend Receivable Dr. Br 45,000, Revenue from Investment in YY Ltd. Cr. Br 45,000; Investment in YY Ltd. Dr. Br 81,000, Revenue from Investment in YY Ltd. Cr. Br 81,000.
(a) To record the acquisition of shares by SS Ltd. on January 1, 2022:
Investment in YY Ltd. (30% of 100,000 shares * Br 18) Dr. Br 540,000
Cash Cr. Br 540,000
This journal entry records the purchase of 30% of YY Ltd.'s outstanding shares for a total cost of Br 540,000.
(b) To record revenue and dividends for the year:
On May 15, YY Ltd. declared and paid a cash dividend of Br 150,000. This dividend represents the portion of the company's earnings that will be distributed to its shareholders.
Dividend Receivable Dr. Br 45,000 (30% of Br 150,000)
Revenue from Investment in YY Ltd. Cr. Br 45,000
This entry recognizes the dividend revenue earned by SS Ltd. from its investment in YY Ltd.
On December 31, YY Ltd. reported net income of Br 270,000 for the year. As SS Ltd. has significant influence over YY Ltd., it needs to adjust its investment account for its share of the net income.
Investment in YY Ltd. Dr. Br 81,000 (30% of Br 270,000)
Revenue from Investment in YY Ltd. Cr. Br 81,000
This entry records the revenue earned by SS Ltd. from its share of YY Ltd.'s net income.
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the following balance where extracted from the book of Alfsal, a sole trader as at 31/12/2014 capital 198000 ,drawing 10700, building 300000, office equipment (cost le 22000) 15000, patent 24000, delivery van at cost63000, Accumulated depreciation delivery vans 14000, stock 01/01/2014 29000, sale485,000, purchase 196000, return outward 5300, return inward 17000, creditor 21900, debtor 34800, discount received 1400, wages and salaries 105,000, general expenses 13000,stationary 4800, tem loan(received on 01/04/2014) 50,000. vat 17300. provision for bad debts 2500. Advertising 5700. insurance 9,000. loan interest paid 1,000. bank42,600. PRSI/USU 10,200. profit and loss balance 01/01/2014 65,000. you are given the following aditional information: stock for resale at 31/12/2014 was le 19,000. stationary paid in advance was le 1,200. provision should be made for interest due on loan. the rate of interest is 6%per annum. wages and salaries are to be divided 75%for employees and drawings. building 10% of cost. delivery van 10% of net book value. office equipment 20% of cost. provision for bad debts is to be adjusted to 10% of debtors . you are required to prepare a trading and profit and loss account for the year ended 31/ 12/2014. balance sheet as at 31/12/2014.
Answers
Here is the trading and profit and loss account for the year ended 31/12/2014:
The Trading and Profit and Loss AccountFor the year ended 31/12/2014
Particulars Amount
Sales €485,000
Less: Cost of Goods Sold €196,000
Gross Profit €289,000
Less: Expenses
- Wages and Salaries (75%) €78,750
- General Expenses €13,000
- Stationary €4,800
- VAT €17,300
- Provision for Bad Debts €3,480
- Advertising €5,700
- Insurance €9,000
- Loan Interest €600
- PRSI/USU €10,200
Net Profit €157,370
Here is the balance sheet as at 31/12/2014:
Balance Sheet
As at 31/12/2014
Assets Liabilities
Cash €42,600
Bank €1,200
Debtors €34,800
Stock €19,000
Capital €213,570
Drawings €10,700
Building €300,000
Office Equipment €15,000
Patent €24,000
Delivery Vans €49,000
Accumulated Depreciation €28,000
Provision for Bad Debts €3,730
Loan €50,000
Profit and Loss €157,370
Total €618,570
Total €618,570
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LEONE COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit General and administrative expenses Selling expenses Net income $ 84,000 84,000 92.000 $ 3,251,000 $ (8,000) 3,259,000 127.000 603,000 2,529,000
How do you find the cost of goods manufactured?
Answers
The cost of goods manufactured (COGM) is the cost of all the products that a company has manufactured during a period.
How to calculateIt is calculated by adding the beginning finished goods inventory to the total manufacturing costs, and then subtracting the ending finished goods inventory.
In the income statement you provided, the cost of goods manufactured is calculated as follows:
COGM = $92,000 + $3,251,000 - $127,000 = $3,224,000
Therefore, the cost of goods manufactured for Leone Company is $3,224,000.
Here is the formula for calculating COGM:
COGM = Beginning finished goods inventory + Total manufacturing costs - Ending finished goods inventory
The total manufacturing costs include direct materials, direct labor, and manufacturing overhead.
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Market research can help you strategize your _______ and _______ goals.
Primary research is more _______ than secondary research.
Your first marketing priority is to find out if you can _______ your product or services.
The grouping of people for marketing purposes is called _______.
Once you find out what people want, there’s a need to know the _______ for their choices.
Answers
Market research can help you strategize your business and marketing goals.
Primary research is more specific and tailored to your specific needs than secondary research.
Your first marketing priority is to find out if you can sell your product or services.
The grouping of people for marketing purposes is called segmentation.
Once you find out what people want, there's a need to know the motivations for their choices.
Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.
By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.
Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.
While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.
When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.
Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.
Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.
By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.
Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.
By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.
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Dakota Coffee Company produces Columbian coffee in batches of 7,500 pounds. The standard quantity of materials required in the process is 7,500 pounds, which cost $6.00 per pound. Columbian coffee can be sold without further processing for $9.80 per pound. Columbian coffee can also be processed further to yield Decaf Columbian, which can be sold for $11.60 per pound. The processing into Decaf Columbian requires additional processing costs of $6,300 per batch. The additional processing will also cause a 5% loss of product due to evaporation.
Question Content Area
a. Prepare a differential analysis dated December 11 on whether to sell regular Columbian (Alternative 1) or process further into Decaf Columbian (Alternative 2). If required, use a minus sign to indicate a loss.
Answers
The differential analysis is attached accordingly. The workings are indicated below.
What is differential analysis?Differential analysis is a decision-making approach that analyzes the net effects of two alternatives by examining the advantages and costs associated with each. The option chosen has the greatest advantageous (or least adverse) financial impact.
To arrive at the figures in the differential analysis first we derive the Revenue from selling regular Columbian:
Recall that:
Revenue = Sales x Quanity Manufactured; hence
9.8 x 7500
= $73,500
Revenue from Decan Columbian:
11.6 x (95% x 7500)
= 11.6 x 7125
= $82, 650
Cost of selling regular Columbian
Cost = Cost x Units produced
= 6 x 7500
= $45,000
Compute the cost of selling Decaf Columbian
In this case, Cost = Product Cost + Cost of processing
= 45,000 + 6300
= $51,300
Hence the figures indicated in the differential analysis.
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What is our planet called?
Answers
Answer:
Earth
Explanation:
Answer:
Earth
Explanation:
Beta Company produced 2,000 units of product X and 800 units of product Y. Product X uses $3 of direct materials (DM) per unit and $20 of direct labor (DL) per unit. Product Y uses $5 of direct materials (DM) per unit and $30 of direct labor (DL) per unit. Total indirect overhead costs (OH) were $32,000, allocated based on direct labor dollars. What are the allocated overhead costs for X and Y?
Answers
Answer:
Product X = $20,000
Product Y = $12,000
Explanation:
First determine the total direct labor costs :
Product X ( $20 × 2,000) = $40,000
Product Y ( $30 × 800) = $24,000
Total Labor Cost = $64,000
Use the total direct labor costs to find the overhead application rate as follows :
Predetermined Overhead rate = $32,000 ÷ $64,000
= $0.50
Then Allocate this to Product X and Product Y
Product X ($0.50 × $40,000) = $20,000
Product Y ($0.50 × $24,000) = $12,000