Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April, the first month of operations.
a. Materials purchased on account, $147,000.
b. Materials requisitioned and factory labor used:
Job No. Materials Factory Labor
101 $19,320 $19,500
102 23,100 28,140
103 13,440 14,000
104 38,200 36,500
105 18,050 15,540
106 18,000 18,700
For general factory use 9,000 20,160
c. Factory overhead costs incurred on account, $6,000.
d. Depreciation of machinery and equipment, $4,100.
e. The factory overhead rate is $40 per machine hour.
Job No. Machine Hours
101 23
102 43
103 37
104 65
105 32
106 35
Total 235
f. Jobs completed: 101, 102, 103, and 105.
g. Jobs were shipped and customers were billed as follows: Job 101, $7,640; Job 102, $10,810; Job 105, $16,490.
Required:
1. Journalize the entries to record the summarized operations.
2. Post the appropriate entries to T-accounts for Work in Process and Finished Goods.
3. Prepare a schedule of unfinished jobs to support the balance in the Work in Process account.
4. Prepare a schedule of finished jobs to support the balance in the Finished Goods account.
Answers
Answer:
raw materials 147,000 debit
account payable 147,000 credit
WIP-inventory 130,110 debit
Factory Overhead 9,000 debit
raw materials 139,110 credit
WIP-inventory 132,380 debit
Factory Overhead 20,160 debit
Wages Payable 152,540 credit
Factory overhead 6,000 debit
Account Payable 6,000 credit
Factory Overhead 4,100 debit
Acc Dep machinery 4,100 credit
WIP-inventory 9,400 debit
Factory Overehad 9,400 credit
Finished Goods 233,790 debit
WIP-Inventory 233,790 credit
Cost of Good Sold 127,570 debit
Finished Good Invnetory 127,570 credit
account receivables 34,940 debit
sales revenue 34,940 credit
Cost of GoodSold 29,860 debit
Factory Overhead 29,860 credit
Explanation:
Materials Labor Overhead Total
101 19320 19500 920 39740
102 23100 28140 1720 52960
103 13440 14000 1480 28920
104 38200 36500 2600 77300
105 18050 15540 1280 34870
106 18000 18700 1400 38100
Total 130110 132380 9400 271890
Completed 101 + 102 + 103 + 105
Total finished good: 233,790
Applied overhead calculations:
235 hours x $40 = 9,400
COst of Good Sold
101 + 102 + 105
Total cost: 127,570
Sales Revenues
7,640 + 10,810 + 16,490 = 34,940
Overhead T account
DEBIT CREDIT
9,000
20,160
6,000
4,100
9,400
29860 UNDERAPPLIED
we must increase it against Cost of Good Sold
Related Questions
identify 2 challenge that are experienced by tertiary sector
Answers
Answer:
Explanation:
Two challenges commonly experienced by the tertiary sector include technological disruption and increasing customer expectations.
TECHNOLOGICAL DISRUPTION: The rapid advancement of technology has significantly impacted the tertiary sector. Automation, artificial intelligence, and digitalization have led to the emergence of new business models and processes, disrupting traditional service industries. Tertiary sector businesses must adapt to these changes by integrating technology into their operations, upskilling their workforce, and redefining their service offerings to remain competitive.
INCREASING CUSTOMER EXPECTATIONS: In today's digital age, customers have higher expectations when it comes to service quality, convenience, and personalization. They demand seamless online experiences, instant responses, and customized solutions. Meeting these expectations requires tertiary sector organizations to invest in customer relationship management systems, improve their digital presence, and provide personalized and efficient services.
The following lots of Commodity Z were available for sale during the year. Beginning inventory 7 units at $49 First purchase 18 units at $50 Second purchase 53 units at $59 Third purchase 18 units at $64 The firm uses the periodic system, and there are 23 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year according to the LIFO method? a.$5,522 b.$1,447 c.$1,127 d.$1,143
Answers
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Beginning inventory 7 units at $49
First purchase 18 units at $50
Second purchase 53 units at $59
Third purchase 18 units at $64
The firm uses the periodic system, and there are 23 units of the commodity on hand at the end of the year.
To calculate the ending inventory using the LIFO (las-in, first-out), we need to use the cost of the firsts units incorporated to inventory:
Ending inventory= 7*49 + 16*50= $1,143
Jimmy export copra to Australia for A $5000 when exchange rate IS KI= A$0.50 What is the total revenue earn from the export?
Answers
The total revenue earned from export is 10,000KI.
To calculate the total revenue earned from the export, multiply the amount of copra exported by the exchange rate.
Given:
Amount of copra exported = A$5000
Exchange rate: 1 KI = A$0.50
Total revenue = Amount of copra exported * Exchange rate
Total revenue = A$5000 * KI/A$0.50
Simplifying the expression:
Total revenue = A$5000 / (A$0.50/KI)
To divide by a fraction, we can multiply by its reciprocal:
Total revenue = A$5000 * (KI/A$0.50)
Calculating the product:
Total revenue = 5,000 * 2KI
Total revenue = 10,000KI
Therefore, the total revenue earned from the export of copra to Australia is 10,000KI.
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The complete income acquired from trade is 10,000KI. To work out the absolute income acquired from the product, duplicate how much copra traded by the swapping scale.
Exchange includes the exchange of labor and products starting with one individual or substance then onto the next, frequently in return for cash. Financial experts allude to a framework or organization that permits exchange as a market.
An early type of exchange, trade, saw the immediate trade of labor and products for different merchandise and services,[1] for example exchanging things without the utilization of money.
Current income merchants by and large haggle through a mode of trade, like cash. Subsequently, purchasing can be isolated from selling, or acquiring. The innovation of cash (and letter of credit, paper cash, and non-actual cash) incredibly streamlined and advanced exchange.
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Organisations all over the world are under increasing pressure to adapt to a rapidly changing environment – one in which technology is the new currency and innovation is a major driver of business success. Some would like to believe that the promised upheavals associated with massive technological change are still some way off. However, the future is already here. Encroaching automation, Artificial Intelligence (AI), the Internet of Things (IoT) and other innovations are changing the business landscape, both in South Africa and in the markets with which it does business. There is no time to wait to become technologically savvy, using innovation to craft new competitive advantages. Waiting will simply increase an organisation’s chances of becoming irrelevant in the foreseeable future. Explain the impact of the above excerpt on the flow of information within the business environment. (20)
Answers
Answer:
The excerpt highlights the need for organizations to adapt to a rapidly changing environment that is heavily influenced by technology and innovation. This has significant implications for the flow of information within the business environment.
Firstly, the rapid pace of technological change means that organizations must quickly access and analyze information to make informed decisions. They must have efficient information systems that can collect, process, and disseminate information in real-time.
Secondly, the rise of automation, AI, and, IoT has caused an explosion of data, which organizations must effectively manage and understand. This requires organizations to have sophisticated data analytics tools that can turn raw data into actionable insights.
Thirdly, the increasing importance of innovation means that organizations must foster a culture of collaboration and idea sharing to sustain competitiveness. This requires an open and transparent flow of information within the organization, with employees encouraged to share their ideas and insights freely.
Overall, the impact of the excerpt on the flow of information within the business environment is that organizations must quickly and effectively access, analyze, and share information to compete in a rapidly changing landscape dominated by technology and innovation.
Explanation:
Wig Creations Company supplies wigs and hair care products to beauty salons throughout Texas and the Southwest. The accounts receivable clerk for Wig Creations prepared the following partially completed aging of receivables schedule as of the end of business on December 31, 20Y7:
Not Days Past Due
Past
Customer Balance Due 1-30 31-60 61-90 91-120 Over 120
ABC Beauty 20,300 20,300
Angel Wigs 7,500 7,500
Zodiac Beauty 4,100 4,100
Subtotals 1,305,500 743,100 296,100 127,700 43,000 17,300 78,300
The following accounts were unintentionally omitted from the aging schedule. Assume all due dates are for the current year except for Visions Hair & Nail, which is due in the next year.
Customer Due Date Balance
Arcade Beauty Aug. 17 $5,500
Creative Images Oct. 30 4,900
Excel Hair Products July 3 8,600
First Class Hair Care Sept. 8 6,900
Golden Images Nov. 23 3,900
Oh That Hair Nov. 29 2,900
One Stop Hair Designs Dec. 7 6,400
Visions Hair & Nail Jan. 11 4,300
Wig Creations has a past history of uncollectible accounts by age category, as follows:
Age Class Percent Uncollectible
Not past due 1 %
1-30 days past due 3
31-60 days past due 9
61-90 days past due 32
91-120 days past due 42
Over 120 days past due 75
Required:
Question Content Area
1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero.
Customer Due Date Number of Days Past Due
Arcade Beauty Aug. 17 fill in the blank 85ddb5ffaff8055_1
days
Creative Images Oct. 30 fill in the blank 85ddb5ffaff8055_2
days
Excel Hair Products July 3 fill in the blank 85ddb5ffaff8055_3
days
First Class Hair Care Sept. 8 fill in the blank 85ddb5ffaff8055_4
days
Golden Images Nov. 23 fill in the blank 85ddb5ffaff8055_5
days
Oh That Hair Nov. 29 fill in the blank 85ddb5ffaff8055_6
days
One Stop Hair Designs Dec. 7 fill in the blank 85ddb5ffaff8055_7
days
Visions Hair & Nail Jan. 11 fill in the blank 85ddb5ffaff8055_8
days
Answers
Company: The number of days past due is calculated by subtracting the due date from the current date.
What is Company?A company is a type of business that is owned and operated by its shareholders. It is a legal entity that is separate from its owners and can be used to conduct business activities. A company can be organized in a variety of ways, such as a sole proprietorship, partnership, limited liability company, or corporation. Companies are typically formed to earn profits for their shareholders and are subject to regulations, taxation, and other legal requirements.
Customer Due Date Number of Days Past Due
Arcade Beauty Aug. 17 85 85ddb5ffaff8055_1 days
Creative Images Oct. 30 55 85ddb5ffaff8055_2 days
Excel Hair Products July 3 135 85ddb5ffaff8055_3 days
First Class Hair Care Sept. 8 75 85ddb5ffaff8055_4 days
Golden Images Nov. 23 15 85ddb5ffaff8055_5 days
Oh That Hair Nov. 29 9 85ddb5ffaff8055_6 days
One Stop Hair Designs Dec. 7 0 85ddb5ffaff8055_7 days
Visions Hair & Nail Jan. 11 -25 85ddb5ffaff8055_8days
The number of days past due is calculated by subtracting the due date from the current date. For example, Arcade Beauty is due on Aug. 17 and the current date is December 31, so the number of days past due is 85 days. Visions Hair & Nail is due on January 11, so the number of days past due is -25, since the due date is in the future.
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Which of the following would support a claim that a defect caused injury? A. A receipt B. A missing label C. Internet reviews OD. Medical records
Answers
Answer:
Medical records
Explanation:
I took the same test
Which is the most important consideration when deciding to purchase or lease a vehicle?
all current monthly expenditures
the amount of cash saved
the cost of gas and insurance
all monthly car payments
Answers
The most important consideration when deciding to purchase or lease a vehicle is to cosider all current monthly exoenditures.
What is lease?
Lease refers to the rent out the property or to take someone's others property on rent. It is an agreement done between the lessor and lessee. Lessor is the owner of the property whereas lessee is the user of that property.
For example the apartment given on rent to the tenant by the owner. Here the apartment is given on Lease.
Thus the first option is correct, all current monthly expenditures is considered at the time of purchase or lease of a vehicle.
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Answer: option a is the best chocie
Explanation:
You work for a pharmaceutical company that has developed a new drug. The patent on the drug will last 1717 years. You expect that the drug's profits will be $ 5$5 million in its first year and that this amount will grow at a rate of 2 %2% per year for the next 1717 years. Once the patent expires, other pharmaceutical companies will be able to produce the same drug and competition will likely drive profits to zero. What is the present value of the new drug if the interest rate is 10 %10% per year?
Answers
Answer:
Present value = $45,185,606
Explanation:
Data:
number of periods(n) = 17 years
First-year profit = $5 million
Growth rate = 2%
Interest rate = 10%
Present value = ?
Solution:
The present value of the growing annuity can be calculated as follows
Formula:
Let's denote
annual interest rate = x
annual growth rate = y
Present value = First-year profit x \((\frac{1-(\frac{1+y}{1+x} )^{n} }{x-y} )\)
Present value = $5,000,000 x \((\frac{1-(\frac{1+0.02}{1+0.1} )^{17} }{0.1-0.02} )\)
Present value = $5,000,000 x 9.03
Present value = $45,185,606
Your restaurant revenue is $710,000, expenses total $890,000, and your total invest is $3 million what is your return investment?
Answers
Answer:
Return on investment = -6%
Explanation:
Given:
Gross revenue of restaurant = $710,000
Total expenses of restaurant = $890,000
Total investment = $3,000,000
Find:
Return on investment
Computation:
Net profit = $710,000 - $890,000
⇒ Net profit = -$180,000
Return on investment = [Net profit / Total investment]100
⇒ Return on investment = [-180,000 / 3,000,000]100
⇒ Return on investment = [-0.06]100
Return on investment = -6%
Case Study Questions
In your opinion, what role did the Independence Day declaration have on the motivation of the people working at ISRO? Would the prior admission of the ISRO chairman in 2008 of a Mars mission have had any effect?
Evaluate the SMARTness of the objectives for the Mars Orbiter Mission. Analyse the decision taken by the chairman of ISRO to use the PSLV instead of the GSLV, in the context of being attainable vs. being challenging.
Discuss the role of the preparatory studies conducted for the Mars mission. What role did the success of the prior mission Chandrayaan-I have on the execution and planning for this mission?
What peripheral political advantage could India have envisaged for Mangalyaan? Would the mission have been conceived had the prior ISRO chairman been at the helm? Why or why not?
Answers
The Mangalyaan mission was subject to quite a bit of criticism, among them being the previous ISRO chairman, Dr Nair, who was of the opinion that ISRO should have focused on GSLV which would allow India to put up a stronger mission to Mars, due to the higher payload capacity of the GSLV.
Further, this could have augmented future space efforts by India. Near the culmination of the project however, all critics were full of praise for the scientific community of India. E.V. Chitnis, a scientist on the team that launched India's first rocket, asserted that critics had not accounted for the strides made by the country's space program and the ensuing economic benefits by demonstrating interplanetary capability.
ISRO's commercial arm, Antrix, has been putting satellites into orbit profitably, and a demonstration of the capability for interplanetary programs can only augment this.
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A stock just paid a dividend of $3. The stock is expected to increase its dividend payment by 30% per year for the next 3 years. After that, dividends will grow at a rate of 8% forever. If the required rate of return is 10%, what is the price of the stock today?
Answers
Answer:
Price of stock today = $334.56
Explanation:
The Dividend Valuation Model(DVM) is a technique used to value the worth of an asset. According to this model, the value of an asset is the sum of the present values of the future cash flows would that arise from the asset discounted at the required rate of return.
This model would be applied as follows:
Year Present Value ( PV)
1 3 × 1.3 × 1.1^(-1) = 3.5454
2 3 × 1.3^2 × 1.1^(-2) = 4.1900
3 3 × 1.3^3 × 1.1^(-3) = 4.9519
Total 12.6874
Year 4 and beyond
This will be done in two steps
Step 1
D× (1+g)/k-g
3 × 1.3^4/(0.1-0.08)
=428.415
Step 2
Present Value in year 0
=428.415 × 1.1^(-3) = 321.87
Total present value = 12.6874 + 321.87 = 334.56
Price of stock today = $334.56
If you wanted to buy a house that cost $150,000 with a down payment of five percent, how much would you need for the down payment?
Answers
After computing five percent of the cost of the house as the down payment, the value was gotten as $7500
Word ProblemGiven Data
Cost of House = $150,000Percentage Down Payment = 5%Let us find the amount in down payment needed
Amount of Down Payment = 5/100*$150,000
Amount of Down Payment = 0.05*$150,000
Amount of Down Payment = 0.05*$150,000
Amount of Down Payment =$7500
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A contract with an illegal object is not voidable
True
False
Answers
Answer:false
Explanation:
False
A voidable contract is legal. Its a void contract that is illegal- thus this statement is false
Hope this helped you- have a good day bro cya)
Which is an example of a good URL?
A.
http://www.sedl.org/abcd.html
B.
http://www.sedl.org/expertise/current_projects.html
C.
http://www.sedl.org/some_text_here_which_is_a_part_of_the_URL_and_is_a_resource_identifier.html
D.
http://www.sedl.org/expertise/currentinterestingprojects.html
Answers
Answer:
The example of a good URL is ".gov and .org¨
Explanation:
http://www.sedl.org/expertise/current_projects.html is an example of a good URL. Therefore option B is correct.
What is a URL?
An Internet resource may be found using a URL (Uniform Resource Locator), a special identifier. It is additionally known as a web address. URLs contain several components, such as a protocol and domain name, which instruct a web browser on how and from where to retrieve a resource.
In addition to the resource name, the URL also includes the name of the protocol required to access the resource. The protocol to utilize as the main access medium is specified in the first portion of a URL. The location of the resource is indicated by its IP address, domain name, and sometimes a subdomain in the second portion.
Only the ASCII character set may be used to send URLs over the Internet. The URL must be changed into a proper ASCII format since URLs frequently contain non-ASCII characters. Unsafe ASCII characters are replaced by a "%" and two hexadecimal digits in URL encoding. Spaces are not permitted in URLs.
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QUESTION 1 Explain to the owners of Miss K the concepts of the product line depth and product line breadth using practical examples relating to the 40Foods Distributors case study (2 marks will be awarded for the theoretical discussion and 2 marks for the practical examples relating to the case study
Answers
The concepts of the product line depth and product line breadth using practical examples relating to the 40Foods Distributors.
The product line refers to the number of products that a company offers within a particular product line
The product line depth and product line breadth are two important concepts in product management.
In the case of 40Foods Distributors, product line depth can be in the variety of products offered within each product line.
In the 40 Foods distributors, the product lines for dairy, bakery, meat, frozen foods, and other grocery items.
Therefore, the product line depth and product line breadth are two important concepts in product management.
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aner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two offices—one in Chicago and one in Minneapolis. The firm classifies the direct costs of consulting jobs as variable costs. A contribution format segmented income statement for the company’s most recent year is given: Assume that Minneapolis’ sales by major market are: Market Minneapolis Medical Dental Sales $ 600,000 100 % $ 400,000 100 % $ 200,000 100 % Variable expenses 360,000 60 % 260,000 65 % 100,000 50 % Contribution margin 240,000 40 % 140,000 35 % 100,000 50 % Traceable fixed expenses 72,000 12 % 20,000 5 % 52,000 26 % Market segment margin 168,000 28 % $ 120,000 30 % $ 48,000 24 % Common fixed expenses not traceable to markets 18,000 3 % Office segment margin $ 150,000 25 % The company would like to initiate an intensive advertising campaign in one of the two market segments during the next month. The campaign would cost $8,000. Marketing studies indicate that such a campaign would increase sales in the Medical market by $70,000 or increase sales in the Dental market by $60,000. Required: 1. How much would the company's profits increase (decrease) if it implemented the advertising campaign in the Medical Market? 2. How much would the company's profits increase (decrease) if it implemented the advertising campaign in the Dental Market? 3. In which of the markets would you recommend that the company focus its advertising campaign?
Answers
Answer:
1. $ 136,500
2. $70000
3. Medical market
Explanation:
1. Calculation to determine How much would the company's profits increase (decrease) if it implemented the advertising campaign in the MEDICAL MARKET
First is to calculate the sales
Sales = (400 000 + 70 000)
Sales = $470 000
Second step is to calculate the profit
Variable cost =$470 000 *65%
Variable cost=$305 500
Contribution =$470 000*35%
Contribution =$164,500
Fixed Expense= $28 000
Profit = $ 136,500
Now let calculate the Difference made by advertisement
Difference = 136500 - 120000
Difference=16500
2. Calculation to determine How much would the company's profits increase (decrease) if it implemented the advertising campaign in the
DENTAL MARKET
vcr Of The Dental market = 50%
Variable cost =50% $260 000
Variable cost = $130 000
Contribution = $130 000
Fixed expenses = $60 000
Profit = $70000
Now let determine difference made by the advertisement
Difference =(70000) - 48000
Difference= 22000
3. Based On the above calculation the markets I would recommend that the company focus its advertising campaign is medical market
Accounts details $
Purchases 74,400
Sales 141,600
Return inwards 4,900
Sundry expenses 370
Freight charges 6,240
Motor vehicle expenses 7,250
Rent and Rates 5,720
Wages 19,600
Bank Loan interest 300
Bank Loan 6,000
Accounts receivable 15,000
Accounts payable 6,050
Inventory as at 1 January 2014 8,540
Equipment 5,800
Motor Vehicle 26,400
Drawings 12,000
Capital 35,700
Cash at Bank 2,830
Additional information:
i. Closing inventory at 31 December 2014 was valued at $10,750.
ii. A provision for doubtful debts of 3% of accounts receivable is to be made. (450)
iii. The rent and rates amount given above includes rent of $900 prepaid till 31 March 2015.
iv. Interest on the loan is at the rate of 10% per annum. (30)
v. Motor vehicles are to be depreciated by 20% per annum. (5280)
REQUIRED:
a) Prepare the Trial Balance based on the information given in the above table (Ignore the additional information when creating the Trial balance).
b) Prepare the Statement of Comprehensive Income and Statement of Financial Position for the year ended 31st December, 2014 (include the additional information given in your question).
solution
Answers
Answer:
a) Trial Balance as at 31st December, 2014:
Account Debit Credit
Purchases 74,400.00
Sales 141,600.00
Return inwards 4,900.00
Sundry expenses 370.00
Freight charges 6,240.00
Motor vehicle expenses 7,250.00
Rent and rates 5,720.00
Wages 19,600.00
Bank Loan interest 300.00
Bank Loan 6,000.00
Accounts receivable 15,000.00
Accounts payable 6,050.00
Inventory as at 01/01/14 8,540.00
Equipment 5,800.00
Motor Vehicle 26,400.00
Drawings 12,000.00
Capital 35,700.00
Cash at Bank 2,830.00
Total 224,350.00 224,350.00
b) Statement of Comprehensive Income for the year ended 31st December, 2014:
Particulars Amount ($)
Sales 141,600.00
Less: Return inwards (4,900.00)
Net Sales 136,700.00
Cost of Sales 74,400.00
Gross Profit 62,300.00
Less: Sundry expenses (370.00)
Less: Freight charges (6,240.00)
Less: Motor vehicle expenses (7,250.00)
Less: Rent and rates (5,720.00)
Less: Wages (19,600.00)
Operating Profit 23,120.00
Less: Bank Loan Interest (300.00)
Net Profit 22,820.00
Statement of Financial Position as at 31st December, 2014:
Particulars Amount ($)
Current Assets
Inventory 10,750.00
Accounts receivable 15,000.00
Prepaid Rent 900.00
Cash at Bank 2,830.00
Total Current Assets 29,480.00
Non-Current Assets
Equipment 5,800.00
Motor Vehicle 21,120.00
Less: Accumulated Depreciation (5,280.00)
Net Non-Current Assets 21,640.00
Total Assets 51,120.00
Current Liabilities
Accounts payable 6,050.00
Bank Loan 6,000.00
Total Current Liabilities 12,050.00
Net Assets 39,070.00
Equity
Capital 35,700.00
Add: Net Profit for the Year 22,820.00
Total Equity 58,520.00
Total Liabilities and Equity 51,120.00
Explanation:
Which of the following is NOT a way that regular physical activity affects the body?
Develops muscle tone
Maintains circulation
Improves emotional well-being
Adds tension
Answers
Answer:
Adds Tension.
Explanation:
Exercises do no harm for the body.
What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answers
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
For unit 5, the journal will focus on your personal growth and development strategy to deliver your personal mission and vision developed in unit 4. Review Figure 5.21 in section 5.7, Formulating Organizational and Personal Strategy with the Strategy Diamond in the text, Management Principles. Create a graphic or an outline capturing the topics in Figure 5.21 and populate the first field of the graphic/outline with your personal mission and vision from unit 4. In the diamond section list 2-3 strategies for achieving your personal mission and vision. In the last section, create a list of 3-4 personal goals and objectives related to your personal mission and vision. You will use the list of goals and objectives in unit 6 to expand them to comprise S-M-A-R-T goals.
Be sure that your Learning Journal entry is a minimum of 350 to 500 words.
Answers
Answer:
strategy to deliver your personal mission and vision developed in unit 4. Review Figure 5.21 in section 5.7, Formulating Organizational and Personal Strategy with the Strategy Diamond in the text, Management Principles. Create a graphic or an outline capturing the topics in Figure 5.21 and populate the first field of the graphic/outline with your personal mission and vision from unit 4. In the diamond section list 2-3 strategies for achieving your personal mission and vision. In the last section, create a list of 3-4 personal goals and objectives related to your personal mission and vision. You will use the list
Explanation:
A learning journal is a type of reflective writing where one records their thoughts, reflections, and observations about what they have learned, experienced, or achieved.
What is a Learning Journal?Through journaling, you may have a continuous conversation with yourself about your goals, including what they are, how you plan to achieve them, and any difficulties you encounter along the way. Writing down your goals and keeping track of them makes them real, which boosts accountability and drive. When writing about and discussing their community service projects, students are expected to incorporate a list of essential words and phrases into their journal entries.
Strategy to deliver your personal mission and vision developed in unit 4. Review Figure 5.21 in section 5.7, Formulating Organizational and Personal Strategy with the Strategy Diamond in the text, Management Principles. Create a graphic or an outline capturing the topics in Figure 5.21 and populate the first field of the graphic/outline with your personal mission and vision from unit 4. In the diamond section list 2-3 strategies for achieving your personal mission and vision. In the last section, create a list of 3-4 personal goals and objectives related to your personal mission and vision.
Therefore, learning journal is a type of reflective writing where one records their thoughts, reflections, and observations about what they have learned, experienced, or achieved.
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Oakdale Fashions, Inc.’s, 2021 income statement is reported below. (Use corporate tax rate of 21 percent for your calculations.)
Answers
a) The firm's 2021 tax liability was $35,595.
b) The firm's 2021 net income was $133,905.
c) The firm's 2021 average tax rate was 21%.
d) The firm's 2021 marginal tax rate was 21%, same as the average tax rate because companies are subject to a flat federal tax rate of 21%.
What is the tax liability?The tax liability of a firm is the product of the average tax rate and the earnings before tax.
The net income is the difference between the earnings before tax and the tax liability.
Oakdale Fashions, Inc., Income Statement for 2021
Net sales (all credit) $640,000
Less: Cost of goods sold 245,000
Gross profits $395,000
Less: Other operating expenses 120,000
EBITDA $275,000
Less: Depreciation and amortization 18,000
EBIT $257,000
Less: Interest 87,500
EBT $169,500
Less: Taxes $35,595 ($169,500 x 21%)
Net income $133,905 ($169,500 - $35,595)
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Boswal Company uses the weighted-average method in its process costing system. The Assembly Department started the month with 6,000 units in its beginning work in process inventory that were 80% complete with respect to conversion costs. An additional 52,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 18,000 units in the ending work in process inventory of the Assembly Department that were 20% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month
Answers
Answer:
Boswal Company
The the equivalent units for conversion costs in the Assembly Department for the month are:
= 43,600 units.
Explanation:
a) Data and Calculations:
Units Materials Conversion
Beginning work in process inventory 6,000 100% 80%
Units added during the month 52,000
Total units available for processing 58,000
Ending work in process inventory 18,000 100% 20%
Units completed and transferred out 40,000
Equivalent units of production:
Units Materials Conversion
Units completed and transferred 40,000 40,000 (100%) 40,000 (100%)
Ending work in process inventory 18,000 18,000 (100%) 3,600 (20%)
Total equivalent units of production 58,000 43,600
Why did tech giants like SAP, Oracle, Microsoft, and IBM miss the opportunity to produce a SaaS CRM like Salesforce.com? What might keep large tech companies from identifying potential opportunities like Salesforce.com?
How do I answer this?
Answers
I believe it's best to stick with big tech firms like Salesforce.com for seeing possible business prospects because its software is getting simpler and easier to use all the time. 6.18.
Why is Salesforce so popular?Salesforce is particularly well-known for its capabilities in the areas of marketing campaign development and tracking, customer issue tracking based on escalation and resolution levels, graphic dashboards, and robust reporting functions.
How significant is Salesforce?Salesforce assists companies in tracking client contacts and sales information. It has the ability to manage leads, contacts, chances, and cases. Salesforce also provides a number of tools to assist companies in automating their sales and marketing procedures, including email marketing, lead generation, and lead scoring.
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It can often be difficult to determine if a passage is making an inferential claim because such a claim may be either explicit or implicit. An explicit inferential claim uses indicator words or phrases of some sort to inform the audience that a conclusion is being drawn from a set of reasons. By contrast, some arguments contain inferential relationships but do not contain any indicator words or phrases. In such cases the passage is said to be making an implicit inferential claim. Each passage that follows makes an inferential claim. Determine whether the inferential claim in each passage is an explicit inferential claim or an implicit inferential claim. Then indicate this with the dropdown menu provided. Passage A Charity is ultimately self-defeating. This is because charitable contributions either are wasted or promote dependence on charity by their recipients. This is also because charitable contributions are seldom used to treat the underlying cause behind the symptoms that the contributions seek to alleviate. Passage A makes an Passage B Beach balls are not the safe toys that everyone believes them to be. If the plastic tears or breaks, then small children can suffocate if they place their heads within the plastic sphere. In addition, deflated beach balls represent a choking hazard for children and pets, who may accidentally ingest a torn piece of plastic. Finally, an inflated beach ball is a tripping hazard if it is left in an area of high foot traffic. Passage B makes an Passage C An explosion is imminent. The pilot light to the apartment's gas stove went out undetected several days ago, and the tenant is about to return home and open the door while holding a lit cigarette.
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The correct answer are: Passage A makes an implicit inferential claim, Passage B makes an implicit inferential claim and Passage C makes an explicit inferential claim.
An implicit inferential assertion is one in which the passage contains inferential relationships but lacks any indicator words or phrases indicating that a conclusion is being made from a set of reasons.
An explicit inferential claim, on the other hand, employs some kind of indicator word or phrase to alert the listener that a conclusion is being made from a collection of reasons. Words such as "hence," "thus," "consequently," "as a result," and others can be used as indicator words or phrases.
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Volatile price changes, technological changes, and government intervention are what type of risks?
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Volatile price changes, technological changes, and government intervention are external risks that can impact a company's operations and performance.
What are Volatile price changesVolatile price changes refer to fluctuations in input or product prices, which can affect profitability and cost structure. Technological changes can introduce advancements or disrupt an industry, requiring companies to adapt to avoid becoming obsolete.
Government intervention, through regulatory changes or policies, can create uncertainties and challenges for companies, affecting operations, costs, and market access.
To mitigate these risks, companies should implement risk management strategies such as diversification, contingency planning, staying informed about market trends, investing in R&D, and engaging with government stakeholders.
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Mandy is going to a four year universily and is completing classes When she graduates, she is planning on starting a job in the Energy career cluster. Which job will Mandy most likely be applying for?
A) Power Line Repairer
B) Nuclear Power Reacter Operater
C) Electrician
D) Petroleum Enginner
Answers
Answer:
D) Petroleum Engineer
Explanation:
A power line repairer only needs an associates degree (2 years of college). Nuclear Power Reactor Operator only needs a high school degree (more or less) An Electrician only needs a high school degree (more or less) And Petroleum Engineers have a Bachelors degree aka 4 years of college.
Sorry if I was to late to answer your question but I hope it can at least help someone else :)
Answer:
D
Explanation:
i took the unit test
plzz someone help me
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2. In 2020, Leon Longrove sold a piece of business equipment that had an adjusted basis to him of $50,000 for $75,000 cash plus artwork that had a fair market value of $25,000. The buyer assumed Leon's $20,000 loan on the equipment. Leon paid $5,000 in selling expenses. What is the amount of Leon's gain on the sale
Answers
Answer:
Leon's gain = $65,000
Explanation:
Total consideration received by Leon = $75,000 (cash) + $25,000 (artwork) + $20,000 (loan assumed by buyer) = $120,000
Leon's total costs = $50,000 (equipment's basis) + $5,000 (selling expenses) = $55,000
Leon's gain = total consideration received - total costs = $120,000 - $55,000 = $65,000
Would you say that the organizational partnerships in the Jumpstart case reflect good fits between partners? Why, or why not?
Answers
In the Jumpstart case, the organizational partnerships in the Jumpstart case reflect good fits between partners because they depends on shared goals, skills, resources and mutual benefit
Do Organizational Partnerships in Jumpstart case show good fits?Often, ll good fits between partners are reflected when they align their objectives, expertise and resources towards a common goal, and when their collaboration results in value creation for all parties involved.
If we have mismatches in terms of objectives, values, or capabilities, the partnerships may not be considered good fits and could face challenges in achieving their intended outcomes.
Therefore, the evaluating the compatibility and alignment of partners' goals and capabilities is crucial in determining the suitability of organizational partnerships in the Jumpstart case or any other context.
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Malcolm (37) is a U.S. citizen. He was married at the beginning of 2020. His wife lived in the household until the end of February, then she moved out of the home. Their divorce was finalized on November 30, 2020, and Malcolm has not remarried. Malcolm provided 100% of the support for his son, who lived with him all year and is his qualifying child. Malcolm's most advantageous filing status is:
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Based on the fact that Malcolm is a U.S. citizen and provided 100% of the support for his son, who lived with him all year and is his qualifying child, his most advantageous filing status is D. Head of household.
It should be noted that Malcolm can file a separate return from his ex-wife as the head of household. This is due to the fact that he stayed with his son and paid 100% maintenance for the son.
Under the head of household, the gross income is $18650 for those under the age of 65. Malcolm can also get dependent care credit, earned income credit, and education credit.
Therefore, he should file as head of household.
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