College education results in a positive externality for society. Explain whether the market failure that results from this externality is already being addressed with respect to college tuition in Texas.

Answer:

a. Computation of the following amounts for the month of May using T-accounts:

1. Cost of direct materials used = $176,000

2. Cost of direct labor used = $77,000

3. Cost of goods manufactured = $286,150

4. Cost of goods sold = $308,850

5. Gross profit = $691,150

6. Overapplied or underapplied overhead = $89,650 (underapplied)

b. Journal Entries:

Debit Raw materials $172,000

Credit Cash $172,000

To record the purchase of raw materials for cash.

Debit Factory payroll $100,000

Credit Cash $100,000

To record the payroll paid in cash.

Debit Factory overhead:

 Indirect materials $6,000

 Indirect labor $23,000

 Other overhead costs 103,000

Credit Raw materials $6,000

Credit Factory payroll $23,000

Credit Cash $103,000

To record indirect materials, labor and other costs.

Debit Work in process $42,350

Credit Factory overhead $42,350

To apply overhead based on direct labor cost 55%.

Debit Cash $1,000,000

Credit Sales Revenue $1,000,000

To record the sale of goods for cash.

Explanation:

a) Data and Calculations:

Inventories:

Raw materials $ 42,000 $ 32,000

Work in process 9,100 18,300

Finished goods 57,000 34,300

Activities for May:

Raw materials purchases (paid with cash) 172,000

Factory payroll (paid with cash) 100,000

Factory overhead:

Indirect materials 6,000

Indirect labor 23,000

Other overhead costs 103,000

Sales (received in cash) 1,000,000

Predetermined overhead rate based on direct labor cost 55%

T-accounts:

Raw materials

Beginning balance $ 42,000

Cash                         172,000

Manufacturing overhead                6,000

Work in process                          176,000

Ending balance                         $ 32,000

Work in process

Beginning balance    9,100

Raw materials       176,000

Payroll                     77,000

Overhead applied 42,350

Finished goods                          286,150

Ending balance                            18,300

Finished goods

Beginning balance 57,000

Work in process   286,150

Cost of goods sold                   308,850

Ending balance                           34,300

Manufacturing overhead

Indirect materials             6,000

Indirect labor                 23,000

Other overhead costs 103,000

Work in process                            42,350

Underapplied overhead               89,650

Sales revenue    $1,000,000

Cost of goods sold 308,850

Gross profit            $691,150

Analysis of Transactions:

Raw materials $172,000 Cash $172,000

Factory payroll $100,000 Cash $100,000

Factory overhead:

Indirect materials $6,000 Raw materials $6,000

Indirect labor $23,000 Factory payroll $23,000

Other overhead costs 103,000 Cash $103,000

Work in process $42,350 Factory overhead $42,350

Predetermined overhead rate based on direct labor cost 55%

Cash $1,000,000 Sales Revenue $1,000,000

Answer:

$130,000

because: $100,000 + $60,000 - $30,000 = $130,000

Explanation:

To make the description of the data sources in the prepare phase more descriptive, you can consider the following steps:

Specify the location of the data: Provide specific information about the sources of the data, such as the name of the database, website, or organization where the data was obtained. If applicable, mention any specific datasets or files used.

Detail the organization of the data: Describe how the data is structured or organized, whether it is in a tabular format, spreadsheets, databases, or any other specific format. Mention the variables or fields present in the data and how they are arranged.

Address bias and credibility issues: Discuss any potential biases or credibility concerns associated with the data sources. Consider the source's reputation, the methodology used to collect the data, and any known limitations or biases in the data collection process.

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A promissory note can best be described as: a. an interest-bearing IOU.

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 :

Therefore we can conclude that the correct option is A.

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Answer:

fgoooo

Explanation:

fhgfh can you give me mola

Answer:

Fedurary

Explanation:

I think it is Fedurary

Answer:

April

Explanation:

I searched it up on Google and this is what it said:

"April 15 is supposed to be the official tax deadline to file your federal income tax return each year, but that date isn't carved in stone. "

Journal Entry:

Date: [First year-end date]

The amortization expense for the first year is $120,000.

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The solution to the given question when we consider total cost and total revenue, given in the following table:

Quantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit

------- | -------- | -------- | -------- | -------- | --------

0     | 5       | 5        | 0        | 0        | -5

1     | 11      | 6        | 6        | 6        | 1

2     | 17      | 6        | 12       | 6        | 5

3     | 24      | 7        | 18       | 6        | 4

4     | 31      | 8        | 24       | 6        | -7

5     | 39      | 8        | 30       | 6        | -9

6     | 47      | 8        | 36       | 6        | -11

7     | 55      | 8        | 42       | 6        | -13

As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.

Therefore, the answer to the question is 3.

In summary:

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Retained Earnings are equal to the sum of Beginning Retained Earnings and Net Income, with the difference being the Dividends.

To find the retained earnings for a year with only the net income available, you need to consider the following steps:

Determine the beginning retained earnings: If you have the beginning retained earnings balance from the previous year's financial statements, use that figure. Otherwise, assume it as zero.

Calculate dividends paid: If information about dividends paid during the year is available, subtract the total dividends paid from the net income. Dividends represent the portion of earnings distributed to shareholders and reduce retained earnings.

Adjust for any prior period adjustments: If there are any prior period adjustments or corrections, make the necessary adjustments to the net income.

Add net income and subtract dividends: Add the net income for the year to the beginning retained earnings. Then, subtract any dividends paid during the year.

Retained Earnings = Beginning Retained Earnings + Net Income - Dividends

The resulting figure will be the retained earnings for that year.

In summary, to find retained earnings with only the net income for the year, you need to consider the beginning retained earnings, dividends paid, and any prior period adjustments.

By adding the net income and subtracting dividends from the beginning retained earnings, you can calculate the retained earnings for that year.

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The total return on this mutual fund investment is $12,427.

Total return on investment refers to the total profit or loss on an investment, including any capital appreciation and dividends or distributions received.

Here's how to calculate the total return on a mutual fund investment:

Step 1: Calculate the total initial investment by multiplying the number of shares by the purchase price per share. For this investment, the total initial investment is: 340 shares x $36/share = $12,240.

Step 2: Add any capital gain distributions received during the investment period. In this case, the capital gain distribution per share is $0.55, so the total capital gain distribution received is: 340 shares x $0.55/share = $187.

Step 3: Calculate the current market value of the investment by multiplying the number of shares by the current market price per share.

In this case, the current market value is: 340 shares x $40/share = $13,600.

Step 4: Add any dividends or interest payments received during the investment period, if applicable.

If no dividends or interest payments were received, skip this step.

Step 5: Calculate the total return by adding the initial investment, capital gain distributions, and dividends or interest payments (if applicable), and then subtracting any fees or commissions paid during the investment period.

In this case, the total return is: $12,240 + $187 = $12,427.

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Answer:

I think it's B

Explanation:

Answer:

20m/s due east

Explanation:

Given parameters:

Displacement  = 180m due east

Time taken = 9s

Unknown:

Average velocity of the truck  = ?

Solution:

The average velocity is the displacement divided by the time taken;

   Average velocity  = \(\frac{displacement}{time}\)  

Insert the parameters and solve;

 Average velocity = \(\frac{180}{9}\)   = 20m/s due east

\(\mathrm {Hey, there!}\)

Let's solve your problem:

20 m/s due east is your answer.

For this question, we will use the displacement method.

The displacement method states:

You divide the larger number by the smaller number.

--- \(\mathrm {Equation}\) - \(\mathrm {180m / 9.0 = 20.0}\)

Answer:

Explanation:

Hire purchase contracts are a type of agreement where a buyer purchases a product or item through installment payments. The components of hire purchase contracts typically include:

Buyer: The individual or organization purchasing the item through the hire purchase contract.

Seller: The person or company that owns the item and is selling it through the hire purchase contract.

Down payment: The initial payment made by the buyer at the beginning of the contract, typically a percentage of the total purchase price.

Installment payments: The regular payments made by the buyer to the seller to pay off the total purchase price of the item.

Interest rate: The rate charged by the seller on the outstanding balance of the purchase price. This is typically higher than the interest rate charged on a conventional loan.

Term: The length of time over which the buyer will make installment payments. The term can vary depending on the agreement between the buyer and the seller.

Ownership: The ownership of the item remains with the seller until the buyer completes all the installment payments.

Default: The consequences of defaulting on payments, including the seller's right to repossess the item if payments are not made.

Termination: The conditions under which the contract can be terminated, such as if the buyer pays off the entire purchase price early or if the seller breaches the contract.

Overall, hire purchase contracts are a way for buyers to purchase items they may not be able to afford upfront, while allowing sellers to earn a profit by charging interest on the outstanding balance. It is important for both parties to carefully review and understand the terms of the contract before agreeing to it.

Answer:

CEO RAKUTEN JAPAN BEYOND PROVIDE

The type of question that we have here is referred to as an illegal question. Option A

It is prohibited to inquire about a candidate's: genetic information or age. birthplace, nation of origin, or nationality. Disability. gender, se.xual orientation, or both.

Your se.xual orientation. your level of impairment. your nationality, ethnicity, race, or cultural heritage.

There is a chance that an unethical or unskilled interviewer would ask an unlawful question during the interview process. Regarding age, color, religion, ethnicity, citizenship, marital status, family status, physical appearance, health, disabilities, se.xual preference, criminal record, extracurricular connections, and military record, interviewers should use caution. Most of the time, enquiries on these subjects are unrelated to the work.

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Recruiters use a variety of questions during the interview process. Some are designed to get the candidate comfortable, gauge interest, expand on experience, and understand your future plan. Others are designed to explore how you would handle problems and issues on the job. Thinking about routine questions ahead of time can help you be ready with articulate and professional responses to these routine questions.

Read the following question, and identify which type of question it is.

I notice you have an accent. Where are you from?

Illegal question

Situational question

Behavioral question

Answer and Explanation:

The journal entries are shown below:

a. Cash Dr $500,000

         To Short term Note payable $500,000

(Being the borrowed amount is recorded)

Cash is assets and short term note payable is liabilities

b. Equipment Dr $20,000

          To cash $20,000

(Being the equipment purchased for cash is recorded)

Equipment and cash both are assets

c. Supplies Dr $10,000

        To Account payable $10,000

(Being the purchase of supplies on the account is recorded)

Supplies are assets and account payable is liabilities

d. Repairs and maintenance expense Dr $22,000

               To Cash $22,000

(Being the routine maintenance expenses paid for cash is recorded)

Repair and maintenance expense is an expense and cash is assets

e. Cash Dr $72,000

          To Unearned revenue $72,000

(Being cash received is recorded)

Cash is assets and unearned revenue is liabilities

f. Cash Dr $76,000

          To Service revenue $76,000

(Being cash received is recorded)

cash is assets and service revenue is revenue

g. Cash Dr $320

          To Unearned revenue $320

(Being cash received is recorded)

Cash is assets and unearned revenue is liabilities

1. During the assessment phase of networking, it is best to be specific about your business objectives.

2. Doing some research on the key players will help you make the most of business contacts or opportunities.

3. Chatting with other people at parties or meetings is a great way to make connections.

4. When out networking, people naturally gravitate to others.

Business relationships are an essential aspect of all types of business enterprises, whether large or small. Developing good relationships is vital to the success of any business. Two qualities that help form a strong foundation for business relationships are trust and reliability. These two qualities help establish a sense of honesty, transparency, and consistency in business practices.

Trust and reliability are vital components of business relationships because it creates a safe and comfortable environment for business partners to communicate freely, share ideas, and brainstorm on how to grow the business together. In addition, it provides an avenue for open discussions and sharing of constructive feedback that will help businesses identify areas of improvement.

The two most important stages in making business connections are networking and relationship building. Networking is a critical stage in business development because it enables businesses to build a vast array of contacts that they can leverage to grow their business. Relationship building, on the other hand, focuses on building trust and nurturing relationships with clients, partners, and other stakeholders.

This stage requires a long-term commitment and entails consistent communication and transparency to establish a sense of mutual trust and respect. To conclude, strong business relationships are essential to the success of any business. Building such relationships takes time and effort. Trust and reliability are crucial elements that can help establish a strong foundation for business relationships. Networking and relationship building are two vital stages in making business connections, and they require commitment, time, and effort.

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Effective Communication: Communication becomes increasingly complex and challenging to manage as the number of individuals reporting directly to the fire chief rises.

By putting a plan in place to avoid fires, you can dramatically minimize the amount of damage they can do and prevent them from starting in the first place.

To avoid and guard against the destruction brought on by fire, workplace fire safety is crucial and required. Fire safety lowers the possibility of injuries and building damage that can result from fires.

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a) The adjusting journal entries on August 31 to recognize the unrecorded transactions for Haile Resort are as follows:

Account Titles                       Debit      Credit

Insurance Expense          Br. 2,250

Prepaid Insurance                           Br. 2,250

Supplies Expense           Br. 3,900

Supplies                                           Br. 3,900

Depreciation Expenses:

Building                          Br. 2,400

Equipment                        Br. 800

Accumulated Depreciation:

Building                                          Br. 2,400

Equipment                                        Br. 800

Unearned rent revenue Br. 7,600

Rent Revenue                               Br. 7,600

Salaries & Wages Expense Br. 750

Salaries & Wages Payable             Br. 750

Mortgage Expenses     Br. 5,333

Mortgage Expenses Payable     Br. 5.333

b) The preparation of an adjusted trial balance for Haile Resort on August 31 is as follows:

Haile Resort

August 31, 2022

                                                              Debit       Credit

Cash                                                Br. 39,200

Rental Receivable                                  1,600

Prepaid Insurance                                 6,750

Supplies                                                 1,300

Land                                                    40,000

Buildings                                          240,000

Accumulated Depreciation                                     Br. 2,400

Equipment                                         32,000

Accumulated Depreciation                                             800

Accounts Payable                                                        9,000

Unearned Rent Revenue                                             1,600

Salaries and Wages Payable                                         750

Mortgage Interest Payable                                         5,333

Mortgage Payable                                                   100,000

Share Capital—Ordinary                                        200,000

Retained Earnings                                                              0

Dividends                                          10,000

Rent Revenue                                                          181,600

Salaries and Wages Expense         90,350

Utilities Expense                               18,400

Maintenance and Repairs Expense 7,200

Insurance Expense                           2,250

Supplies Expense                             3,900

Depreciation Expenses:

Buildings                                           2,400

Equipment                                           800

Mortgage Interest Expense            5,333

Totals                                       Br.501,483       Br.501,483

Adjusting journal entries are period-end recognition of business transactions to ensure that the matching and accrual concepts of generally accepted accounting principles are followed.

Insurance Expense Br. 2,250 Prepaid Insurance Br. 2,250

Supplies Expense Br. 3,900 Supplies Br. 3,900

Depreciation Expenses: Building Br. 2,400 Equipment Br. 800 Accumulated Depreciation: Building Br. 2,400 Equipment Br. 800

Unearned rent revenue Br. 7,600 Rent Revenue Br. 7,600

Salaries and Wages Expense Br. 750 Salaries and Wages Payable Br. 750

Mortgage Expenses Br. 5,333 Mortgage Expenses Payable Br. 5.333

Haile Resort

August 31, 2022

                                                               Debit       Credit

Cash                                                Br. 39,200

Rental Receivable                                   1,600

Prepaid Insurance                                 9,000 - 2,250

Supplies                                                 5,200 - 3,900

Land                                                    40,000

Buildings                                          240,000

Equipment                                         32,000

Accounts Payable                                                  Br. 9,000

Unearned Rent Revenue                                            9,200 - 7,600

Salaries and Wages Payable                                         750

Mortgage Interest Payable                                         5,333

Mortgage Payable                                                  100,000

Share Capital—Ordinary                                       200,000

Retained Earnings                                                             0

Dividends                                          10,000

Rent Revenue                                                        172,400 + 7,600 + 1,600

Salaries and Wages Expense         89,600 + 750

Utilities Expense                               18,400

Maintenance and Repairs Expense 7,200

Insurance Expense                           2,250 (Br. 9,000 x 3/12)

Supplies Expense                            3,900

Depreciation Expenses:

Buildings                                          2,400 (Br. 240,000 x 4% x 3/12)

Equipment                                          800 (Br. 32,000 x 10% x 3/12)

Mortgage Interest Expense           5,333 (Br. 100,000 x 8% x 8/12)

NB: The mortgage note is dated 1/1/2022 and not 6/1/2022.

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Answer:

A mixture is a substance made by combining two or more different materials in such a way that no chemical reaction occurs. A mixture can usually be separated back into its original components. Some examples of mixtures are a tossed salad, salt water and a mixed bag of M&M's candy.

Answer:

Mextura is a hybrid font, which combines elements of sansserif and black letter types.

Answer:

A mutual fund advisor who informs investors about risks is following the law when it comes to protecting investors’ funds

Explanation:

Answer:B (a mutual fund advisor who informs investors about risks)

Explanation:

Injunction equitable remedy is available to Big Three Accounting, Inc. Thus option D is correct.

Accounting is the act of documenting a business's monetary operations. All transactions are compiled, examined, and reported to factor in making, regulatory bodies, and tax collection organizations as part of the accounting cycle.

A lawsuit for an injunction is brought to court when someone infringes any contract clause relating to not competing. An equitable relief is where a court directs a party to carry out a certain act or desist from doing so. Therefore, option D is the correct option.

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After passing his CPA exam, Mohammad is hired by Big Three Accounting, Inc. Part of his contract includes a covenant not to compete. If, after working for three years, Mohammad retires from Big Three Accounting and subsequently violates the covenant not to compete, what equitable remedy is available to Big Three Accounting, Inc.?

a. Rescission O b. Specific Performance O c. Reformation O d. Injunction

The statement that " wholesalers may resell product to all retail channels. however, at the beginning of the simulation, they do not sell to the web-based / other home delivery channel" is true.

Wholesalers typically sell products to various retail channels, including brick-and-mortar stores, online retailers, and other distributors.

However, it is possible that at the start of a simulation or in a particular scenario, a wholesaler may choose not to sell to a specific retail channel, such as the web-based or home delivery channel, for strategic or business reasons.

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Answer:

The correct answer is D. Retail.

Explanation:

Retail is the sale to the final consumer of goods and services. It is a sector formed by different branches (such as the food industry, the fashion industry, the home industry, etc.), which constitutes the last link in the supply chain that goes from the manufacturer to the consumer, it is In other words, it is the culmination of the process of production of goods and services, when they reach the consumer. This sale is usually carried out in stores, supermarkets, pharmacies, internet platforms and any other place where goods and services can be offered to final recipients.

Answer:

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