Premier Products uses the following account titles: A. Accounts payable F. Depreciation expense B. Raw materials inventory G. Accumulated depreciation C. Work in process inventory H. Wages and salaries payable D. Manufacturing overhead I. Wages and salaries expense E. Cost of goods sold J. Finished goods inventory For each transaction described below, indicate which accounts would be debited and credited under a job order cost system: Debit Credit 1. Materials are purchased on account 2. Materials are placed into production 3. Direct labor cost is incurred 4. Depreciation is recorded on the factory equipment 5. Manufacturing overhead is applied to units of product 6. Cost of goods manufactured is recorded 7. Cost of goods sold is recorded
Answers
The accounts that would be debited include raw materials inventory when materials are purchased on account and work in process inventory when materials are placed into production while credit for the following transactions includes aspects like accounts payable when materials are purchased on account and wages and salaries payable when direct labor cost is incurred.
1. Materials are purchased on account. Debit: Raw materials inventory; Credit: Accounts payable
2. Materials are placed into production. Debit: Work in process inventory; Credit: Raw materials inventory
3. Direct labor cost is incurred. Debit: Work in process inventory; Credit: Wages and salaries payable
4. Depreciation is recorded on the factory equipment. Debit: Manufacturing overhead; Credit: Depreciation expense
5. Manufacturing overhead is applied to units of product. Debit: Work in process inventory; Credit: Manufacturing overhead
6. Cost of goods manufactured is recorded. Debit: Finished goods inventory; Credit: Work in process inventory
7. Cost of goods sold is recorded. Debit: Cost of goods sold; Credit: Finished goods inventory.
Thus, these are the debits and credits for the given transactions under job order cost system.
To learn more about transactions, visit: https://brainly.com/question/1016861
#SPJ11
Related Questions
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Answers
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
For more about Marginal revenue refer to the link:https://brainly.com/question/12231343
during an interview for a sales position, you are asked what you would do if you were having problems with a key client. what interview format asks candidates to respond to hypothetical scenarios like this? group of answer choices situational interview behavior description interview unstructured (nondirective) interview informational interview
Answers
The interview format that asks candidates to respond to hypothetical scenarios like this is called a situational interview.
In a situational interview, the interviewer asks the candidate to describe how they would handle certain situations or challenges that may arise in the job they are applying for. This type of interview is designed to assess the candidate's problem-solving skills, ability to think on their feet, and their knowledge of the industry and job duties.
During an interview for a sales position, if you are asked to respond to hypothetical scenarios like having problems with a key client, the interview format being used is called a situational interview. candidates are presented with hypothetical situations and are asked how they would handle them, allowing the interviewer to assess problem-solving and decision-making skills.
to know about situational interview visit:
https://brainly.com/question/13564268
#SPJ11
In September, you made a profit of $5,456,963 with expenses of $2,456,654. What was your total revenue?
Answers
The total revenue when the profit and expenses are given so it should be considered as the $7,913,617.
Calculation of the total revenue:We know that
Profit is $5,456,963
And, expenses is $2,456,654
We know that
Profit = Revenue - Expenses
$5,456,963 = Revenue - $2,456,654
So, the revenue is
= $5,456,963 + $2,456,654
= $7,913,617
Hence, The total revenue when the profit and expenses are given so it should be considererd as the $7,913,617.
Learn more about an expense here: https://brainly.com/question/25847378
why is market development necessary ?
Answers
which of the following statements about private goods and public goods is correct? group of answer choices private goods and public goods are both excludable. private goods and public goods are both rival in consumption. private goods are not excludable and public goods are excludable. private goods are rival in consumption and public goods are not excludable.
Answers
The correct statement is that private goods are both excludable and rival in consumption, while public goods are not excludable but are rival in consumption.
Excludable goods are those for which it is possible to prevent people who have not paid for the good from accessing it.
Private goods, such as food or clothing, can be easily excluded from those who have not paid for them. In contrast, public goods, such as national defense or clean air, cannot be easily excluded from anyone who benefits from them. Consumption rivalry refers to the fact that when one person consumes a good, it reduces the amount available for others. Private goods are rival in consumption because when one person consumes a good, it is no longer available for others to consume. Public goods are rival in consumption because when one person benefits from them, it does not diminish the benefits available to others.
The correct statement about private goods and public goods is: "Private goods are rival in consumption and public goods are not excludable."
Private goods are both excludable and rival in consumption, meaning only those who pay can access them, and one person's consumption reduces availability for others. Public goods, on the other hand, are non-excludable and non-rival in consumption, meaning they are accessible to everyone and one person's consumption does not reduce availability for others.
For more information on rival visit:
brainly.com/question/28578825
#SPJ11
what aspects of nasa practice revealed following the columbia disaster suggest that the changes that were recommended following the challenger disaster were not sustained?
Answers
The NASA organization underwent significant changes following the Challenger disaster in 1986, which resulted in the deaths of seven astronauts.
These changes included increased emphasis on safety and risk management, increased transparency and open communication, and a focus on improving the culture of the organization. However, following the Columbia disaster in 2003, which resulted in the deaths of all seven crew members, it became clear that some of the changes implemented following the Challenger disaster had not been sustained. Some of the aspects of NASA practice that revealed this included:
Overconfidence: Some members of the NASA organization displayed a level of overconfidence in the safety of the Space Shuttle program, despite the fact that there had been previous failures and incidents. This overconfidence can be seen as a failure to learn from past mistakes and to continuously improve safety procedures.
Learn more about NASA organization visit: brainly.com/question/14287323
#SPJ4
A corporation distributes a 10 percent common stock dividend on 30,000 shares issued when the market value of it's common stock is $24 per share and its par value is $2 per share. On the distribution date, a credit _ would be journalized
Answers
Answer:6,000
Explanation:
I just took the test
Your Paychecks Add up your net pay to calculate how much money you have for your monthly budget. Paycheck 1 $890 Paycheck 2 $880
Answers
Is the answer for your monthly budget
Which situation is an ethical dilemma?
A. reporting the actions of a supervisor regarding his use of a company car for personal errands
B. launching a new product catering to the elite section of society
C. hiring female employees for top management jobs in the company
D.opening a new plant that offers jobs to the economically weaker sections of society
Answers
Answer:
The answer is A. reporting the actions of a supervisor regarding his use of a company car for personal errands
Explanation:
Trust me, I just took the quiz. This is the correct answer.
ANSWER ASAP
People who tend to be shy may be drawn to a career as an on-air personality and will likely be drawn to the arts.
True
False
Answers
Answer: False
Explanation:
People who tend to be shy may actually find it challenging to work as an on-air personality or in any career that involves public speaking or performing. They may be drawn to careers in the arts, but it is not necessarily a given.
Economics-- please help!
Your country takes in $350 million each year in tax money but chooses to spend $150 million on various services it provides. What type of stance does your country take on fiscal policy?
neutral stance
expansionary stance
economic stance
contractionary stance
Answers
Answer:
It is not A
Explanation:
I chose A and it was wrong sorry hope that narrows it down
because psas are a special class of advertising, fcc rules require
Answers
FCC rules require certain special classes of advertising to contain specific disclosures or disclaimers. These rules are designed to ensure that consumers have access to accurate and complete information about the products or services being advertised.
Some examples of special classes of advertising that require FCC disclosures or disclaimers include:
Advertisements that make false or misleading claims about the effectiveness or safety of a product or service.
Advertisements that use testimonials or endorsements from celebrities or other third parties without disclosing any potential conflicts of interest.
Advertisements that use humor, satire, or other creative techniques to convey a message, but that could be misunderstood by consumers.
Advertisements that target children or other vulnerable populations with misleading or inappropriate content.
Learn more about advertising Visit: brainly.com/question/14227079
#SPJ4
In order to overcome the ________ problem, interest groups often provide ________ to their members. free-rider; collective goods free-rider; selective benefits principal-agent; collective goods principal-agent; selective benefits
Answers
The selective benefits are regarded as benefits given only to group members. In order to overcome the free-rider problem, many interest groups offer selective benefits.
The free-rider problem is often known as a type of market failure. It takes place when individuals who benefit from resources, public goods or services of a benefit to all nature do not pay for them or they under pay.
They are problem because they do not pay for the goods but still continue to access or use it.
This problem in social science deals with how to limit free riding and its negative effects in the society.
Learn more from
https://brainly.com/question/20388623
redfern audio produces audio equipment including headphones. at the campus facility, it produces two wireless models, standard and enhanced, which differ both in the materials and components used and in the labor skill required. data for the campus plant for the third quarter follow. standard enhanced total units produced 30,000 10,000 40,000 machine-hours 18,000 12,000 30,000 direct labor-hours 22,500 22,500 45,000 direct materials costs $ 600,000 $ 900,000 $ 1,500,000 direct labor costs 360,000 765,000 1,125,000 manufacturing overhead 720,000 total costs $ 3,345,000 required: compute the predetermined overhead rate assuming that redfern audio uses the number of units to allocate overhead costs.
Answers
The predetermined overhead rate assuming that redfern audio uses the number of units to allocate overhead costs is $18 per unit.
To compute the predetermined overhead rate, the total estimated overhead cost needs to be divided by the estimated activity level. In this case, the activity level is the number of units produced.
Using the data provided, we know that the total cost of manufacturing overhead is $720,000 and the total number of units produced is 40,000.
Therefore, the predetermined overhead rate is calculated as follows:
Predetermined Overhead Rate = Estimated Overhead Costs / Estimated Activity Level
Predetermined Overhead Rate = $720,000 / 40,000 units
Predetermined Overhead Rate = $18 per unit
This means that for each unit produced, $18 of manufacturing overhead costs will be allocated to it. This rate can be used to estimate the total manufacturing cost of future products based on the estimated number of units to be produced.
To learn more about overhead click on,
https://brainly.com/question/31219494
#SPJ4
suppose you are a monopolist and the inverse demand is given by p = 4 - ½q and your total cost is given by tc = 2q. which level of q will maximize your profit?
Answers
The level of q that will maximize the monopolist's profit is q = 2.
To maximize profit, a monopolist should produce at the level of output where marginal revenue (MR) equals marginal cost (MC). Marginal revenue is the change in total revenue from selling one additional unit of output, and it is also equal to the price for a monopolist. Marginal cost is the change in total cost from producing one additional unit of output.
In this case, the monopolist's inverse demand curve is given by p = 4 - ½q. To find the marginal revenue, we differentiate this equation with respect to q, resulting in MR = 4 - q. The monopolist's total cost is given by tc = 2q, so the marginal cost is MC = 2.
Setting MR equal to MC and solving for q, we get 4 - q = 2, which gives q = 2 as the level of output that maximizes the monopolist's profit.
For more questions like Monopolistic click the link below:
https://brainly.com/question/29763908
#SPJ11
Question 45
_______ are especially useful for relationship marketing.
o Apps
o Podcasts
o Social networking sites
o Media networks
o Wikis
Answers
Answer:social networking sites
Explanation:
.Givin the following data on the number of cups of night crawlers sold at a local bait, shop for a 6-period time frame:
Period Demand 1 225 2 230 3 240 4 255 5 280 6 310 a. Use a 3-period moving average to farecast demand for period 7.
b. Forecast the demand for the monith period 7 using weighted moving average method. Weights for last three periods (t−1,t−2, and t-3) are 0.5, 0.3, and 0.2 respectively.
c. If the Actual demand for period 7 is 290 , calculate the forecast errors for 3 month moving average method and weighed moving average method. d. Which method would you choose? Explain why. [S points - extra Credit]
Answers
a. Using a 3-period moving average to forecast demand for period 7:
The formula for calculating the 3-period moving average for period 4 can be given by:(225 + 230 + 240)/3 = 231.7
The formula for calculating the 3-period moving average for period 5 can be given by:(230 + 240 + 255)/3 = 241.7
The formula for calculating the 3-period moving average for period 6 can be given by:(240 + 255 + 280)/3 = 258.3
The forecast for period 7 using a 3-period moving average method can be given by:(255 + 280 + 310)/3 = 281.7
The demand for the 7th period is expected to be 281.7 cups of nightcrawlers.
b. Forecast the demand for the month of period 7 using the weighted moving average method. Weights for the last three periods (t-1, t-2, and t-3) are 0.5, 0.3, and 0.2,
respectively.Using the formula, the weighted moving average for period 4 is given by:WMA4 = (0.2)(225) + (0.3)(230) + (0.5)(240) = 237.5
Using the formula, the weighted moving average for period 5 is given by:WMA5 = (0.2)(230) + (0.3)(240) + (0.5)(255) = 245.5
Using the formula, the weighted moving average for period 6 is given by:WMA6 = (0.2)(240) + (0.3)(255) + (0.5)(280) = 262.5
Using the formula, the weighted moving average for period 7 is given by:WMA7 = (0.2)(255) + (0.3)(280) + (0.5)(310) = 289
Forecast demand for period 7 is 289 cups.
c. If the actual demand for period 7 is 290, calculate the forecast errors for the 3-month moving average method and the weighted moving average method.The error of the 3-month moving average method is given by:Error = | Actual Demand - Forecast |Using the 3-month moving average method, the forecasted demand was 281.7 cups.
Thus, the error is given by:Error = | 290 - 281.7 | = 8.3Using the weighted moving average method, the forecasted demand was 289 cups. Thus, the error is given by:Error = | 290 - 289 | = 1
d. Which method would you choose? Explain why.
The weighted moving average method should be chosen. This is because the weighted moving average method gives more emphasis to recent data. It recognizes that recent sales are more important than sales made in the distant past. Therefore, the weighted moving average method is more suitable for forecasting demands.
To know more about average visit:
https://brainly.com/question/130657
#SPJ11
Income received by households through the lending of their money to corporations and business firms is an example of
income.
Answers
Answer:
Interest / Dividend Income
Explanation:
Answer:
Answer for EDGE is C or Interest
Explanation:
global market segmentation is based on the premise that companies should attempt to identify consumers in different countries who share similar needs and desires. true or false
Answers
Global market segmentation is based on the premise that companies should attempt to identify consumers in different countries who share similar needs and desires. The following statement is true.
What is Global Market Segmentation?
Market segmentation refers to the process of dividing a vast consumer market into smaller segments or categories based on shared characteristics. The approach is used to identify and satisfy the needs of different groups of consumers while minimizing costs and maximizing profits.
The segmentation approach is used by companies to recognize and analyze various factors in a market, including regional, national, and international markets. It helps companies to divide their customers into distinct groups, including demographic, geographic, and behavioral factors, for purposes of targeted marketing and effective marketing communication.
Global market segmentation, on the other hand, involves dividing the world market into distinct groups of customers who share similar characteristics or needs. Companies are therefore required to identify consumers in different countries who share similar needs and desires.
The identification of these consumers is key to the success of a company's marketing strategy. Companies must be able to identify and meet the specific needs of each customer segment in order to succeed in international markets.
What are the Advantages of Global Market Segmentation?
Companies benefit from the segmentation approach in various ways, including Improved targeting of international consumers. Enhanced understanding of the market and consumersIdentification of new market opportunitiesCustomization of marketing strategies to suit the needs of different market segmentsIn conclusion, global market segmentation involves dividing the world market into distinct groups of customers who share similar characteristics or needs.
Companies are therefore required to identify consumers in different countries who share similar needs and desires. The segmentation approach is beneficial to companies as it enhances the targeting of international consumers, provides a better understanding of the market and consumers, identifies new market opportunities, and customizes marketing strategies to suit the needs of different market segments.
Therefore, the correct option is true.
Learn more about Consumer here:-
https://brainly.com/question/380037
#SPJ11
what compiles customer information from a variety of sources and segments the information for different marketing campaigns?
Answers
List generator compiles customer information from a variety of sources and segments the information for different marketing campaigns.
CRM systems gather information about customers from various places of contact between them and the business, such as the company's web-site, the company's phone li-ne, li-ve ch-at, dire-ct mail, marketing materials, and social media. CRM research tools enable businesses to categorize their clients into groups like the best and worst clients.
CRM anticipating technologies assist businesses in forecasting consumer behavior, such as which clients are most likely to leave. Market research is a methodical procedure for gathering, evaluating, and understanding data. The data may relate to a target market, customers, rival businesses, or the industry as a whole. This is the cornerstone of any flourishing business.
To learn more about marketing, click here.
https://brainly.com/question/13414268
#SPJ4
the balance in the supplies account, before adjustment at the end of the year is 9000. journalize ther adjusting entry required if the amount of supplies on hand st the end of year is 1575
Answers
The adjusting entry is required for making the balance of the supplies account to the actual amount. The adjusting entry should be recorded at the end of the year for bringing the account balance up to date.
The journal entry required to make the adjustment is as follows:
At the end of the year, the amount of supplies on hand is determined to be $1,575, and the account balance before the adjustment is $9,000. Therefore, the balance in the supplies account after adjustment would be $10,575. The adjusting entry is given as:
Supplies Expense — Debit $7,425
Supplies — Credit $7,425
Thus, the amount of $7,425 is required to be debited to the Supplies Expense account and credited to the Supplies account, to adjust the balance in the account from $9,000 to $10,575. The adjusting entry is required for making the balance of the supplies account to the actual amount. The journal entry required to make the adjustment is as follows
Supplies Expense — Debit $7,425
Supplies — Credit $7,425
Thus, this journal entry will update the balance of the Supplies account to the actual amount, i.e. $10,575.
Learn more about the Supplies Expense account: https://brainly.com/question/26514035
#SPJ11
The problems of ineffective communications in business
Answers
Answer:
Misunderstandings: When communication is unclear or ambiguous, it can lead to misunderstandings between employees, managers, or clients. This can cause delays, mistakes, and ultimately, loss of productivity and revenue.
Poor teamwork: Effective communication is essential for effective teamwork. If team members are unable to communicate effectively with one another, they may fail to collaborate and coordinate their efforts, leading to poor performance and results.
Low morale: When communication is ineffective, it can create a negative work environment and lead to low employee morale. This can result in a lack of motivation, decreased productivity, and high turnover rates.
Customer complaints: Poor communication with customers can result in complaints and loss of business. Customers who feel that their concerns or questions are not being addressed may take their business elsewhere.
Increased costs: Ineffective communication can lead to additional costs for a business, such as rework or waste due to misunderstandings or mistakes. This can negatively impact the bottom line and reduce profitability.
Overall, ineffective communication can have significant impacts on a business's productivity, profitability, and reputation. It is essential for businesses to prioritize effective communication strategies to avoid these problems and ensure success.
Explanation:
Cindy Haskins is paid $9.00 an hour. Her overtime rate is 2 times (double time) her regular hourly rate. This week Haskins worked her regular 40 hours plus 8 hours of overtime. What is her total pay?
Answers
Her entire compensation is $504.
The term "total pay" means what?Total Pay is the sum of a worker's regular straight-time pay or base salary plus any additional wages received for overtime, shift differentials, incentive pay, bonuses, and other special payments.
The following formula will be used to determine Cindy Haskins' total compensation:
Hourly Payment per hour= $9.00
Hours worked= 40 hours
Payment = 40 X 9 = $360
Overtime payment per hour = $9.00 X 2= $18
Overtime = 8 hours
Payment = 18 X 8= $ 144
Total Payment= $360 + $144= $504
How do you figure up total pay?The number of hours worked multiplied by the hourly wage of an employee is how gross wages for hourly workers are determined. For instance, if a worker does 25 hours per week of part-time employment at a wage of $12, their gross compensation would be $300 (25 x $12 = 300).
Learn more about total pay: https://brainly.com/question/1150645
#SPJ9
the first stage of the process to impeach the governor of texas, the formal charge (like an indictment), is determined by:
Answers
The first stage of the process to impeach the Governor of Texas, where the formal charge (like an indictment) is determined, is by a majority vote in the Texas House of Representatives.
In a more detailed explanation, the impeachment process in Texas begins when a member of the Texas House of Representatives introduces a resolution containing the charges against the Governor.
The House then debates and investigates the allegations. If they find sufficient evidence, a majority vote is required to approve the resolution, which serves as the formal charge (similar to an indictment) against the Governor.
This is the first stage of the impeachment process, and if the resolution is passed, the case moves to the Texas Senate for trial, where a two-thirds majority is needed to convict and remove the Governor from office.
To know more about impeachment click on below link:
https://brainly.com/question/1411922#
#SPJ11
the final step in the decision making process is to: make the decision. review the results of the decision. identify the decision problem. evaluate costs and benefits of alternatives.
Answers
The final step in the decision-making process is to make the decision. The decision-making process is a process that involves the selection of a course of action from various alternatives.
The process of decision-making comprises several stages, such as identifying the decision problem, generating alternatives, evaluating the alternatives, making the decision, implementing the decision, and reviewing the results. The last stage in the process of decision-making is to make the decision. In this stage, the decision maker selects the most appropriate alternative from the options generated during the evaluation stage.
The decision-making process is a process that involves the selection of a course of action from various alternatives. The process of decision-making comprises several stages, such as identifying the decision problem, generating alternatives, evaluating the alternatives, making the decision, implementing the decision, and reviewing the results. The last stage in the process of decision-making is to make the decision. The decision-making process is vital to organizations as it determines their success or failure in achieving their goals. Making decisions in an organization involves a group of people who work together to achieve a common objective. These people must work together and collaborate effectively to achieve a successful outcome. The decision-making process is not easy, and it involves analyzing information, generating alternatives, evaluating them, and selecting the best option that achieves the organization's objectives. The decision-making process must be thorough and systematic, and the decision-maker must consider all factors before making the final decision. The decision maker must evaluate the costs and benefits of each alternative before making the final decision. After making the decision, the organization must implement it and evaluate the results to ensure that it has achieved the desired outcome.
Learn more about the decision-making process: https://brainly.com/question/28900762
#SPJ11
16
What should be the price for a common stock paying $2.00 annually in dividends if the growth rate is zero and the discount rate is 6%? a. $33.33 b. $38.11 C. $42.00 d. $48.75
Answers
The price for a common stock paying $2.00 annually in dividends, with a growth rate of zero and a discount rate of 6%, would be $33.33.
In order to determine the price of a stock, we can use the Gordon Growth Model (also known as the dividend discount model). This model calculates the intrinsic value of a stock based on its expected dividends and the required rate of return.
When the growth rate is zero, it means that the dividends will remain constant over time. Therefore, the formula for the price of the stock can be simplified as follows:
Price = Dividends / Discount Rate
Plugging in the given values, we have:
Price = $2.00 / 0.06 = $33.33
Therefore, the correct answer is option a. $33.33.
To learn more about Gordon Growth Model, click on:
brainly.com/question/30355598
#SPJ11
A US based company is attempting to merge with a French National conglomerate. With IFRS and GAAP being so different, what would be some of the challenges the two sides may face with the merger from an accounting standpoint?
Answers
The merger between a US-based company and a French National conglomerate can pose several challenges from an accounting standpoint due to the differences between International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). Some of the challenges they may face include:
Accounting Principles: IFRS and GAAP have different underlying principles and concepts. IFRS is principles-based, emphasizing substance over form, while GAAP is rules-based, providing specific guidelines for various transactions. The differences in accounting principles can lead to variations in the recognition, measurement, and presentation of financial information.
Financial Statement Presentation: IFRS and GAAP have different requirements for financial statement presentation. The formats and classifications of items on the balance sheet, income statement, and cash flow statement may vary between the two sets of standards. This can make the comparison and consolidation of financial statements challenging.
Revenue Recognition: IFRS and GAAP have differing guidance on revenue recognition, particularly in areas such as the timing of revenue recognition, multiple-element arrangements, and percentage-of-completion method for long-term contracts. Aligning the revenue recognition policies of the merging entities can be a complex task.
Valuation of Assets and Liabilities: IFRS and GAAP may have different rules for the valuation of assets and liabilities, such as inventory, property, plant, and equipment, intangible assets, and financial instruments. Differences in valuation methodologies can impact the reported values of assets and liabilities, which can have implications for financial ratios, financial performance, and tax implications.
Business Combinations and Goodwill: IFRS and GAAP have different requirements for accounting for business combinations and the subsequent treatment of goodwill. For example, IFRS allows for the option of measuring goodwill at cost or using the impairment model, while GAAP follows a more strict impairment-only model. This can result in differences in the recognition and measurement of goodwill and the related impact on financial statements.
Disclosures: IFRS and GAAP have varying disclosure requirements, with differences in the level of detail and specific disclosures mandated for certain transactions and events. Harmonizing the disclosure requirements can be a complex task to ensure compliance with both sets of standards.
These are just a few examples of the challenges that may arise during the merger process from an accounting standpoint. It is crucial for the merging entities to have a thorough understanding of the differences between IFRS and GAAP and work closely with accounting professionals and advisors to address these challenges effectively and ensure accurate financial reporting and compliance with relevant regulations.
To know more about GAAP here
https://brainly.com/question/28345482
#SPJ11
A product with a low level of elasticity of demand has which feature?
A. Demand for the product changes unpredictably over time.
B. Demand for the product gradually increases over time.
C. Demand for the product changes very little over time.
D. Demand for the product gradually decreases over time.
Answers
The usual purpose of an R-chart is to signal whether there has been a: ___________
a. gain or loss in dispersion.
b. change in the percent defective in a sample.
c. change in the central tendency of the process output.
d. change in the number of defects in a sample.
e. change in the consumer's risk.
Answers
It should be noted that usual purpose of an R-chart is to signal whether there has been a change in the percent defective in a sample.
An R-chart can be regarded as a type of control chart, which helps to know about change in the percent defective in a sample.
It is used to monitor the process variability and this is done at regular intervals from a process.
Therefore, option option B is correct because, with R-chart we can know whether there has been a change in the percent defective in a sample.
Learn more about R-chart at:
https://brainly.com/question/6247044
Emery Mining Inc. recently reported $147,500 of sales, $75,500 of operating costs other than depreciation, and $10,200 of depreciation. The company had $16,500 of outstanding bonds that carry a 7.25% interest rate, and its federal-+-state income tax rate was 25%. How much was the firm's net income? The firm uses the same depreciation expense for tax and stockholder reporting purposes. (Round your intermediate and final answers to two decimal places.) a. $35,847.12 b. $38,604.59 c. $36,634.97 d. $45,452.81 e. $47,664.85
Answers
Answer: D.) $45,452.81
Explanation:
Given the following :
Sales = $147,500
Operating expenses = $75,500
Depreciation = $10,200
Outstanding bonds = $16,500
Interest rate on bonds = 7.25% = 0.0725
federal-+-state income tax rate = 25% = 0.25
Net income =?
Net income can be calculated as follows:
Net income = (Sales - Operating Expenses - Depreciation - (Outstanding bond value × Interest rate)) × (1 - Tax rate)
Net income = ($147,500 - $75,500 - $10,200 - ($16,500 × 0.0725)) × (1 - 0.25)
Net income = ($147,500 - $75,500 - $10,200 - $1,196.25) × 0.75
Net income = $60,603.75 × 0.75
Net income = $45,452.81
The firm's net income is : $45,452.81
What is Net income?Net income represents the difference between revenues and expenses. The expenses include both operating and non-operating expenses. An income statement is prepared to determine the net income.
Net income
= (Sales revenue - Operating costs - Depreciation - Interest expense) * (1 - Tax rate)
= $147,500 - $75,500 - $10,200 - ($16,500 * 7.25%) * (1 - 0.25)
= $147,500 - $75,500 - $10,200 - $1,196.25) × 0.75
= $60,603.75 × 0.75
= $45,452.81
Therefore, the firm's net income is $45,452.81
Learn more about net income here : https://brainly.com/question/25623677