Portable Pet Care, Inc., a mobile veterinary clinic, is planning for the future. The company owners (two seasoned veterinarians) have brought together the vice president of marketing and the director of information systems to talk about their expansion campaign, "We come to you!" The talks are in the preliminary stages, so there is no need to concern the finance team at this time because cash flow is currently not a problem. True or false?
Answers
Answer:
Your answer is false
Explanation:
this is because if you are looking to hire a vice president you will have to budget for their salary.
Related Questions
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $ 145 Units in beginning inventory 0 Units produced 2,440 Units sold 2,280 Units in ending inventory 160 Variable costs per unit: Direct materials $ 49 Direct labor $ 17 Variable manufacturing overhead $ 17 Variable selling and administrative expense $ 10 Fixed costs: Fixed manufacturing overhead $ 85,400 Fixed selling and administrative expense $ 22,800 The total gross margin for the month under absorption costing is:
Answers
Answer:
Results are below.
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
First, we need to calculate the unitary fixed manufacturing overhead:
Unitary fixed overhead= 85,400/2,440= $35
Absorption costing income statement:
Sales= 2,280*145= 330,600
COGS= 2,280* (49 + 17 + 17 + 35)= (269,040)
Gross profit= 61,560
Total selling and administrative= 22,800 + (2,280*10)= (45,600)
Net income= 15,960
A corporation uses the indirect method for preparing the statement of cash flows. A fixed asset has been sold for $21,832 representing a loss of $3,248. Determine the amount that would appear in the operating activities section of the statement of cash flows based on this transaction.
Answers
In the operating activities section of the statement of cash flows, the amount related to this transaction would be the loss of $3,248 added back to the net income.
In the indirect method of preparing the statement of cash flows, the operating activities section includes adjustments to net income for non-cash items and changes in working capital. The sale of a fixed asset and the loss incurred from it are both non-cash items that need to be considered.
Since the loss from the sale of the fixed asset is $3,248, this loss is added back to the net income when calculating the operating activities section. This is because the loss is a non-cash expense and does not represent an actual outflow of cash.
Therefore, in the operating activities section of the statement of cash flows, the amount related to this transaction would be the loss of $3,248 added back to the net income. This adjustment would increase the net income by $3,248 in the operating activities section, reflecting that the loss from the sale of the fixed asset does not affect the cash generated or used by the operating activities of the corporation.
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Outline and describe the different forms of Communication and further explain how they are important in an organization. Provide practical example to support your discussion.
Answers
La comunicación desempeña un papel fundamental en el funcionamiento de una organización, ya que permite la transmisión de información, ideas, instrucciones y retroalimentación entre los miembros del equipo. Existen varias formas de comunicación que se utilizan en un entorno organizacional. A continuación, describiré algunas de las formas más comunes:
Comunicación verbal: Es el uso de palabras habladas para transmitir información. Puede ser en forma de reuniones, conversaciones cara a cara, llamadas telefónicas o videoconferencias. La comunicación verbal es rápida y permite una interacción directa entre las personas, lo que facilita la clarificación de dudas y la resolución de problemas en tiempo real. Por ejemplo, durante una reunión de equipo, los miembros pueden discutir ideas, compartir actualizaciones y tomar decisiones conjuntas.
Comunicación escrita: Implica el uso de palabras escritas para transmitir información. Esto incluye correos electrónicos, mensajes de texto, informes, memorandos y documentos formales. La comunicación escrita es útil cuando se requiere un registro permanente de la información y proporciona la oportunidad de revisar y editar antes de enviar el mensaje. Por ejemplo, un gerente puede enviar un correo electrónico detallando las metas y objetivos del proyecto a su equipo para asegurarse de que todos estén al tanto de las expectativas.
Comunicación no verbal: Se refiere a la transmisión de información sin el uso de palabras. Incluye gestos, expresiones faciales, lenguaje corporal y tono de voz. A menudo, la comunicación no verbal puede transmitir emociones y actitudes que pueden complementar o contradecir el mensaje verbal. Por ejemplo, durante una presentación, el lenguaje corporal de un orador puede transmitir confianza y entusiasmo, lo que refuerza su mensaje.
Comunicación formal: Se lleva a cabo a través de canales oficiales y estructurados dentro de la organización. Esto incluye comunicaciones descendentes, como anuncios y políticas de la gerencia hacia los empleados, así como comunicaciones ascendentes, como informes de estado y retroalimentación de los empleados hacia los superiores. La comunicación formal es importante para establecer líneas claras de autoridad y responsabilidad, así como para garantizar la coherencia en la información transmitida.
Comunicación informal: Se produce a través de interacciones sociales no estructuradas entre los miembros de la organización. Esto puede incluir conversaciones informales en el lugar de trabajo, interacciones en las pausas para el café o discusiones en grupos de chat en línea. La comunicación informal es valiosa para fomentar la camaradería, construir relaciones y facilitar el intercambio de ideas no convencionales. Por ejemplo, en un entorno de trabajo abierto, los empleados pueden compartir ideas innovadoras durante una conversación informal en la sala de descanso.
La importancia de estas formas de comunicación en una organización radica en que permiten la colaboración efectiva, la toma de decisiones informada, la resolución de problemas, la coordinación de tareas y la creación de un ambiente de trabajo positivo. Una comunicación clara y efectiva evita malentendidos, reduce los errores, mejora la productividad y fortalece la cohesión del equipo.
Un ejemplo práctico podría ser una empresa de desarrollo de software. En este caso, la comunicación verbal sería esencial para que los miembros del equipo discutan los requisitos del proyecto, compartan actualizaciones diarias y resuelvan problemas en las reuniones diarias de puesta al día (stand-up meetings). La comunicación escrita sería crucial para documentar los requisitos, especificaciones técnicas y cronogramas del proyecto, así como para enviar correos electrónicos y mensajes de chat con actualizaciones y solicitudes de retroalimentación. La comunicación no verbal también tendría un papel importante, ya que el lenguaje corporal y las expresiones faciales en las reuniones ayudarían a transmitir confianza y apoyo entre los miembros del equipo. En cuanto a la comunicación formal, se utilizarían informes de estado y presentaciones formales para mantener a la alta dirección informada sobre el progreso del proyecto. Por último, la comunicación informal se daría en momentos de descanso, donde los empleados podrían discutir ideas, plantear desafíos y fomentar la creatividad en un ambiente más relajado
Answer:
There are several different forms of communication that are important in an organization. These include:
1. Verbal communication: This is the use of spoken words to convey a message. Verbal communication is important in an organization because it allows employees to communicate with each other and with customers. For example, a salesperson might use verbal communication to explain the features of a product to a customer. Another example is a team meeting where employees discuss project updates and share ideas.
2. Nonverbal communication: This is the use of body language, gestures, and facial expressions to convey a message. Nonverbal communication is important in an organization because it can convey emotions, attitudes, and intentions. For example, a manager might use nonverbal communication to show approval or disapproval of an employee's performance. Another example is a job interview where the interviewer might use nonverbal communication to assess the candidate's confidence and professionalism.
3. Written communication: This is the use of written words to convey a message. Written communication is important in an organization because it provides a permanent record of communication. For example, an email can be used to communicate project updates, deadlines, and other important information. Another example is a report that summarizes the results of a project.
4. Visual communication: This is the use of images, graphs, and other visual aids to convey a message. Visual communication is important in an organization because it can help to simplify complex information and make it easier to understand. For example, a chart can be used to show sales trends over time. Another example is a video that demonstrates how to use a product.
All of these forms of communication are important in an organization because they allow employees to share information, ideas, and feedback. Effective communication can also help to build trust and relationships between employees, customers, and partners. For example, if a customer has a positive experience with a salesperson, they are more likely to return to the organization in the future.
A practical example of the importance of communication in an organization is a team project. Effective communication is essential for the success of the project. Team members need to be able to communicate their ideas, concerns, and progress to each other in order to stay on track and meet deadlines. This might involve verbal communication in team meetings, written communication in project reports, and visual communication in presentations. Without effective communication, the project is likely to fail.
Which of the following is an example of disparate impact?
Answers
Answer:
For example, testing all applicants and using results from that test that will unintentionally eliminate certain minority applicants disproportionately is disparate impact. For example, testing a particular skill of only certain minority applicants is disparate treatment.
Explanation:
The instance of the disparate impact is "A woman is rejected for the board of directors of a public company.....grow a beard." Thus, option second is correct.
What is disparate impact?Disparate impact can be defined as unintentional discrimination taken against the person or the lower caste community. It includes the process in which every person is the same and follows the same process. This is done in order to protect the people of the lower caste who are negatively affected.
The example of Disparate impact is "A woman is denied for a position on a public firm's board of directors because the corporation wants all board members to be able to grow a beard."
Disparate effect refers to employment practices that might disproportionately harm one group of persons with a protected feature over another, even if the regulation is legally neutral.
Therefore, it can be concluded that option second is correct.
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Your question is incomplete, but most probably the full question was….
List of options:-
A group of persons is fired because they used corporate assets to advocate for their religious views.A woman is rejected for the board of directors of a public company because the company requires that all board members be able to grow a beard.A man is denied a promotion because he is Hispanic.Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $156,000. The machine's useful life is estimated to be 20 years, or 110,000 units of product, with a $1,000 salvage value. During its second year, the machine produces 4,400 units of product. Determine the machines' second-year depreciation under the straight-line method.
Multiple Choice
$7,800.
$6,240.
$6,200.
$7,850.
$7,750.
Answers
Answer:
Explanation:
Annual depreciation=(cost-salvage value)/useful life
Annual depreciation =(156,000-1000)/20
Annual depreciation =$7750/year
Hence Depreciation for second year=$7750.
The Nortons invested $137,500.00 in the Washington Real Estate Mutual Fund (Type "B"). The NAV of the fund at the time of purchase was $55.00 and was back loaded with a loading rate of 3.25%. When the Nortons sold their fund shares, the NAV was $59.95. a. How many shares did the Nortons buy? b. What was the amount of the sale (# of shares X selling price)? c. How much was the back-loading charge? d. What was the net selling price? e. How much profit (or loss) did the Nortons make on their investment?
Answers
The Nortons made a profit of $7,906.25 on their investment in the Washington Real Estate Mutual Fund (Type "B").
To determine the number of shares the Nortons bought, we divide their investment amount by the NAV at the time of purchase:
a.Shares bought = Investment amount / NAV at purchase
Shares bought = $137,500.00 / $55.00
Shares bought = 2,500 shares
b. The amount of the sale is calculated by multiplying the number of shares by the selling price:
Amount of sale = Number of shares X Selling price
Amount of sale = 2,500 shares X $59.95
Amount of sale = $149,875.00
c. The back-loading charge is calculated by multiplying the investment amount by the loading rate:
Back-loading charge = Investment amount X Loading rate
Back-loading charge = $137,500.00 X 3.25% (expressed as a decimal)
Back-loading charge = $4,468.75
d. The net selling price is the amount of the sale minus the back-loading charge:
Net selling price = Amount of sale - Back-loading charge
Net selling price = $149,875.00 - $4,468.75
Net selling price = $145,406.25
e. The profit (or loss) on the investment is the net selling price minus the initial investment:
Profit (or loss) = Net selling price - Investment amount
Profit (or loss) = $145,406.25 - $137,500.00
Profit (or loss) = $7,906.25
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Duality and interpretation of dual variables
Answers
In the event that the base issue is an expansion issue, the double issue is a minimization issue as well as the other way around.
What is Duality?By and large, the duality hypothesis tends to itself to investigate of the association between two related straight programming issues, where one of them, the base, is an expansion issue and the other, the double, is a minimization issue.
Duality of dual variables
Duality gives a ton of computational benefit in an issue with a lesser number of factors and a huge number of imperatives.
Interpretation of dual variables
The duality includes an exceptional connection between an LP issue and another, the two of which include similar unique information.
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The question is incomplete, Complete question probably will be:
Explain in brief the event of Duality and interpretation of dual variables.
The average job is now only —— years in length
Answers
The average job is now only 2 years in Job.
What is meant by the term average job?This is the term that has to do with the job that employees are willing to do in order to receive pay for the services that that they render to those that have employed them. The average job based on data and statistics gathered has been said to only be of about 2 years for the person that is carrying out the duty.
This means that the average worker can have as m aby other jobs that they want in their lifetime.
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DO
include a signature.
Don't
include lots of exclamation marks to get your point across.
DO
include the thread of previous messages.
Do
make e-mail messages brief.
Don't
mark messages as urgent so your e-mails will be read first.
Do
use a relevant subject line.
Do
use all capital letters when the message is urgent.
Answers
Answer:ok
Explanation:
Name some of the faculties of Nepal Sanskrit University?
Answers
Explanation:
Agricultural Engineering
Answer:
Veda, Philosophy, astronomy, yoga, homeopathy, naturopathy, history, Buddha Darshan etc
What was Indiana's total government expenditures in fiscal year 2018-2019? (1 point)
O $15.9 billion
O $11.9 billion
O$34.89 billion
O $34.11 billion
Answers
Indiana's total government expenditures in the fiscal year 2018-2019 is $34.89 billion. The correct option is C.
Public consumption, public investment, and transfer payments made up of capital transfers and income transfers (pensions, social benefits), collectively referred to as government expenditures, are all included in the definition of goods and services.
Fiscal policy is characterized as the strategy used by the government to carry out various economic policy goals through the use of taxation, public expenditure, and public borrowing.
Thus, the ideal selection is option C.
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Learning Objective: 01-02 Explain why organizational behavior knowledge is important for you and for organizations.
Answers
Organizational behaviour knowledge is important for organizations because it analyzes the effect of social and environmental factors that affect the way employees or teams work.
Organizational behaviour (OB) is the systematic study and use of information about how people behave within their workplace organisations. People, structure, technology, and the outside environment make up the four components of organisational behaviour. It is possible to make changes by comprehending the relationships between these components. Organizational behaviour is the deliberate act of identifying, organising, preserving, and disseminating employee knowledge and expertise inside a company. Organizational behaviour build a considerable body of institutional knowledge as they develop, diversify, and define their business strategies. It aids in the testing of our own hypotheses. Organizational behaviour enables managers to comprehend the fundamentals of motivation and the best ways to inspire their staff.
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What is organizational structure
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An organizational structure is the process by which the activities of the organization which includes but not limited to task allocation, coordination, and supervision are directed toward the achievement of organizational set goals.
Organizational structure influences the actions of the organization and provides the framework on which standard operating procedures and routines rest are developed.
Types of Organizational Structure.There are four major types of organizational struct and they include the following.
Functional structure. In a functional structure, organizations are divided into specialized groups with specific roles and duties. Divisional structure. In a divisional structure, various teams work alongside each other toward a single, common goal. ...Flatarchy refers to having both a hierarchical structure and a flatter structure that is more flexible, more independent and that is called a flat teamMatrix structure refers to cross-team collaboration and shared resource planning across projects.Learn more about Organizational structure at https://brainly.com/question/23967424
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shows the following amounts at the end of the year: Total sales revenue = $540,000; sales discounts =
$13,000; sales returns = $33,000; sales allowances = $20,000.
Compute net revenues.
Answers
Answer: $474,000
Explanation:
Net revenue = Sales revenue - Sales discounts - Sales returns - Sales allowance
= 540,000 - 13,000 - 33,000 - 20,000
= $474,000
Sales returns reduces the sales figure because the goods were returned and therefore not paid for.
Sales discounts are a reduction as well because they reduce the amount paid by buyers.
Sales allowances also reduce the value of sales.
A movie theater charges $5 per ticket and averages 300 customers each night. If prices are raised to $7 per ticket, the theater estimates that average nightly ticket sales will be $1,750. How many customers is the theater expecting to average each night with the new ticket price ?
Answers
Answer:
250
Explanation:
I did 1750 divide 7 which got me 250
Your daughter will be going to college in three years. Tuition fees are estimated at
$30,000 million a year for four years, payable at the beginning of each year. To estimate whether you have set aside enough money, you ignore possible inflation in tuition payments and assume that you can earn 8 percent annually on your investments. Suppose you would like to have enough money to fund her 4-year education at the time she starts college, how much should you set aside now to cover these payments?
Answers
Answer:
107312.91 million
Explanation:
\(30000*(1.08)*(\frac{1-(1+.08)^{-4}}{.08})=107312.9096\)
Which change in the price index shows the greatest rate of inflation: 80 to 96, 100-125, or 150-180?
Answers
The price index shows the greatest rate of inflation All changes show the same rate of inflation.
The option (D) is correct.
A price index is a proportion of the proportionate, or rate, changes in a bunch of costs over the long run. A purchaser cost list (CPI) measures changes in the costs of labor and products that families consume.
A price index to expansion rates is only a rate change in a cost record. An expansion rate can be processed at any cost file involving the overall condition for rate changes between two years, whether with regards to expansion. Every day a continuous ascent in the degree of costs in an economy.
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This question is not complete, Here I am sttsching the complete question:
Which change in the price index shows the greatest rate of inflation: 80 to 96, 100-125, or 150-180? Group of answer choices
(A) 100 to 125
(B) 80 to 96
(C) 150 to 180
(D) All changes show the same rate of inflation
if quantity demamded is completely unresponsive to changes in price ,demand is what?
Answers
Answer:
If quantity demanded is completely unresponsive to changes in price, demand is Perfectly inelastic.
Explanation:
Perfectly inelastic demand means that quantity demanded remains the same when price increases or decreases. Consumers are completely unresponsive to changes in price.
I hope it's helpful
The initial cash outlay of a project is X is Rs 100,000 and it can generate cash inflow of Rs 40,000, Rs 30,000, Rs 50,000 and Rs 20,000 in year 1 through 4. Assume a 10 per cent rate of discount. Assume that a project Y requires an outlay of Rs 50,000 and yields annual cash inflow of Rs 12,500 for 7 years at the rate of 12%.
Answers
On the net present value analysis, project Y is expected to generate a higher return on investment compared to project X.
To evaluate the two projects, X and Y, we will calculate their net present value (NPV) using the given cash inflows, discount rate, and initial cash outlay.
For project X:
The cash inflows for each year are Rs 40,000, Rs 30,000, Rs 50,000, and Rs 20,000 for years 1 through 4, respectively.
The initial cash outlay is Rs 100,000.
The discount rate is 10%.
To calculate the NPV, we discount each cash inflow to its present value using the discount rate and subtract the initial cash outlay:
NPV(X) = (40,000 / (1 + 0.10)^1) + (30,000 / (1 + 0.10)^2) + (50,000 / (1 + 0.10)^3) + (20,000 / (1 + 0.10)^4) - 100,000
Simplifying the calculations:
NPV(X) = 36,363 + 24,793 + 34,979 + 13,167 - 100,000
= 9,302
The net present value (NPV) for project X is Rs 9,302.
For project Y:
The cash inflow for each year is Rs 12,500 for 7 years.
The initial cash outlay is Rs 50,000.
The discount rate is 12%.
Using the same formula as above, we calculate the NPV for project Y:
NPV(Y) = (12,500 / (1 + 0.12)^1) + (12,500 / (1 + 0.12)^2) + ... + (12,500 / (1 + 0.12)^7) - 50,000
Simplifying the calculations:
NPV(Y) = 11,161 + 9,960 + 8,888 + ... + 3,637 - 50,000
= 11,042
The net present value (NPV) for project Y is Rs 11,042.
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Matching Match each term in Column A with its definition in
Column B.
(Column A)
1. imports
2. comparative
advantage
3. specialization
4. foreign trade
5. exports
6. global economy (Column B)
a. an economic law urging specialization in those
items that can be produced most efficiently
b. goods and services sold to foreign buyers
c. the purchase and sale of goods and services
among nations.
d. a worldwide economic system
e. goods and services purchased from foreign sellers
f. the limiting of a nation's production to items in
which the nation has an advantage
Road?.
Answers
The true match form of column A with column B will be as follows,
1-E, 2-A, 3-F, 4-C, 5-B, 6-D.
What is the global economy?The global economy can be defined as the sum of activities that take place both within a country and between different countries. Each country is a separate unit, with its own industrial production, labor market, financial market, resources and environment.
It means international trade in goods and services, the international flow of financial capital, investments by multinational corporations, migration of workers.
Thus, the correct match form will be 1-E, 2-A, 3-F, 4-C, 5-B, 6-D.
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I included a screen shot of the question
Answers
Wages for a business should be about 32 percent of gross revenue. Does the Y Sample T-Shirt Company, INC make enough revenue to hire another employee?
Answers
Yes, Sample T-Shirt Company, INC currently only spends 21% of its budget on staff salaries at the moment. They therefore have room to increase this to 32%.
What does gross revenue mean?Gross revenue, commonly referred to as gross income, is the whole amount of money made by a business, excluding any amounts that have been or will be utilized for expenses.Gross income is the total of all incomes, salaries, profits, interest payments, rents, and other kinds of income for families and people before any deductions or taxes. It differs from net income, which is calculated as gross income less any applicable taxes and other deductions.Gross revenue is the sum of money a company makes from sales in a specific time frame. Net revenue is the difference between a company's sales for a specific time period and its expenses for that same time period.Learn more about gross revenue refer to :
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\
If the state minimum hourly wage is higher than the federal minimum hourly wage, employers
Answers
Answer:
If the state minimum hourly wage is higher than the federal minimum hourly wage, employers
are expected to pay the higher minimum hourly wage.
Explanation:
The US minimum wage fixes a legally mandated price floor on hourly wages. Below this minimum, non-exempt workers may not be offered or accept a job. For the year 2020, the federal minimum wage rate in the United States is put at $7.25 per hour. However, individual states, cities, and localities are free to pass different minimum wage requirements, which must not be below the federally mandated minimum.
True or False: It's always better to take a loan from a private bank to pay for your college tuition.
Answers
Answer:
False
Explanation:
Generally, government student loans are much cheaper than loans given from private banks. Government student loans usually carry a very low interest rate, lower than the rates used by private banks. Also, the government might provide additional assistance during special times, like the current health crisis where payments were frozen.
Outsourcing can give short term
Answers
Short-term outsourcing is available and may provide you quick fixes and immediate resolutions, you have to see outsourcing as a business partnership that can last beyond a decade. Quick fixes, after all, are incapable of producing long-term rewards.
A company function or any particular business activity may be outsourced to specialist organizations. The corporation often outsources the non-core functions like sanitization, security, home, pantry, etc. The business and the agency enter into a legal contract.
The necessary personnel are then provided to the firm by the agency. The agency bills the business for their services and reimburses them by paying their workers' salaries. Outsourcing is on the rise as a result of global competition. Companies may enhance their profitability and improve the quality of their products by concentrating on their core competencies with the aid of outsourcing.
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operations management course concept
Answers
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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discuss the pillars of government sector supply chain management.
Answers
Answer:
Pillar 1 – Vulnerability. ...
Pillar 2 – Management Culture. ...
Pillar 3 – Procurement. ...
Pillar 4 – Operations. ...
Pillar 5 – Demand & Visibility.
Explanation:
hope it's helpful to you
state whether the following plants are stable, marginally stable, or unstable and justify your reasoning.
Answers
When something unexpected occurs, a stable structure, family, person, bridge, or chemical solution will "stand still."
How to determine whether the system is stable unstable or marginally stable?
The system is stable if every pole falls within the left half of the s-plane. The system is unstable if there are two or more poles in the same place on the hypothetical axis. The system is only minimally stable if there are one or more non-repeated poles on the hypothetical axis.
A function f(x) exists directed to as stable in terms of the solution of a differential equation if any alternative solution of the equation that begins sufficiently near to it at x = 0 continues to be close to it for subsequent values of x.
The adverb "instable" denotes the absence of stability. The word stable comes from the Latin root stare, which means "to stand." When something unexpected occurs, a stable structure, family, person, bridge, or chemical solution will "stand still."
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Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Answers
Based on the cost of production by Stam Company, the overhead rate which is applied to the jobs are:
Data and Calculations:
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $33,600 $41,900
Direct labor used (in March) $24,600 $20,300
Overhead applied (March) $12,300 $10,150
Costs during April
Direct materials used $139,000 $226,900 $102,000
Direct labor used $94,200 $161,500 $107,300
Overhead applied $55,600 $77,500 $52,500
($94,200 × 50%) ($161,500 × 50%) ($107,300 × 50%)
Job 306 - $47,100
Job 307 - $80,750
Job 308 - $53,650
The overhead rate applied for Job 306 in April is:
= Direct labor cost x 50%
= 94,200 x 50%
= $47,100
The overhead applied for Job 307 in April is:
= 161,500 x 50%
= $80,750
The overhead for Job 308 in April is:
= 107,300 x 50%
= $53,650
Hence, based on the cost of production by Stam Company, the overhead rate applied to the jobs are calculated above.
The given question is incomplete, the complete question is-
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 4. Prepare a schedule of cost of goods manufactured for the month end April 30. Stam Company Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured.
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10
Paying only the minimum balance on your credit card
can lead to...
A) an increase in your credit score
B) paying more interest.
C)late fees
D)All of the above
Answers
Paying only the minimum balance on your credit card can lead to. paying more interest. Therefore option B is correct.
What is a credit card?
A credit card is a small, rectangular piece of plastic or metal that is issued by a bank or other financial institution and enables its holder to borrow money to pay for products and services at businesses that accept credit cards. Credit cards impose the need that cardholders repay the borrowed funds, plus any applicable interest and any other agreed-upon charges, in full or over time, either by the billing date or at a later date.
The credit card issuer may additionally provide cardholders with a separate cash line of credit (LOC) in addition to the usual credit limit, allowing them to borrow money in the form of cash advances that may be accessed through bank teller machines, ATMs, or credit card convenience checks. Compared to transactions that access the primary credit line, such cash advances often have different terms, such as no grace period and higher interest rates.
Borrowing caps are often set by issuers depending on a person's credit score. Credit cards continue to be one of the most widely used payment methods for purchasing goods and services for consumers today, and the great majority of companies allow customers to use them to make transactions.
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