Stephenson Company's computer system recently crashed, erasing much of the company's financial data. The following accounting information was discovered soon afterwards on the CFO's back-up computer data.

Cost of Goods Sold $380,000
Work-in-Process Inventory, Beginning 30,000
Work-in-Process Inventory, Ending 40,000
Selling and Administrative Expense 50,000
Finished Goods Inventory, Ending 15,000
Finished Goods Inventory, Beginning ?
Direct Materials Purchased 171,000
Factory Overhead Applied 112,000
Operating Income 22,000
Direct Materials Inventory, Beginning 18,000
Direct Materials Inventory, Ending 6,000
Cost of Goods Manufactured 340,000
Direct Labor 55,000

The CFO of Stephenson Company has asked you to recalculate the following accounts and report to him by week's end.

What should be the amount of direct materials used?

a. $208,400
b. $405,500
c. $440,800
d. $201,500

Based on the benefits that John Cotton receives from his employer, the taxable benefits for 2021 will be $0.

Personal protective equipment are tax exempt because they are treated as Medical expenses.

Employer-provided cell phone allowances are not taxable if used for business purposes. Meals are also tax exempt when the employer provides it inside business premises.

No benefit is therefore taxable.

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The decision to share feedback about a manager should be based on a careful evaluation of the potential impact and one's own personal values and goals.

Sharing negative feedback about a manager can be a delicate situation, especially when it may affect the manager's performance review and future career opportunities. Before deciding whether to share the thoughts with the manager's manager, it is important to consider the potential consequences and benefits of doing so.

If the feedback is constructive and could help the manager improve their leadership skills, it may be worth sharing with the manager's manager in a tactful and respectful manner. However, if the feedback is solely based on personal opinions and could harm the manager's reputation or career prospects, it may be best to keep those thoughts to oneself.

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Answer:

35 days

Explanation:

Receivables turnover rate = 23.5

Payables turnover rate = 12.5

Inventory turnover rate = 19.15

Length of firm's operating cycle :

(Days sales in inventory + average collection period)

Days' sales in inventory = (365 days / inventory turnover ratio)

Days' sales in inventory = (365 / 19.15)

Days's sales in inventory = 18.717 days

Average collection period : (365 / accounts receivable turnover ratio)

Average collection period = (365 / 23.5)

Average collection period = 15.531

(18.717 + 15.531)

= 34.248

= 35 days

When groups or individuals agree to a middle range position during conflict resolution, they are typically working towards finding a compromise that meets the needs and interests of all parties involved. This middle ground can often be referred to as a "win-win" solution, as it allows both sides to achieve some of their desired outcomes without having to give up everything they wanted.

By agreeing to a middle range position, groups or individuals are also demonstrating their willingness to work collaboratively and cooperatively towards finding a solution. This can help to build trust and rapport between the parties, which can be important for maintaining positive relationships in the future. Additionally, by finding a middle ground, groups or individuals are often able to avoid the negative consequences of more extreme positions.

These consequences may include ongoing conflict, increased tension and stress, and potentially even legal or financial ramifications. Overall, working towards a middle range position during conflict resolution can be an effective way to find a solution that meets the needs and interests of all parties involved, while also promoting positive relationships and avoiding negative consequences.

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Answer:

All are protective functions

Explanation:

The packaging is the process in which the firm wrap the product so that it cannot be damage stole or lost by maintaining its product id

There are various function of packaging like tamper-proofing, uniform weight, the material disclosed, content cushioned so that the packaging should be done in a systematic manner

Therefore the second option is correct

Answer:

Bitcoin (BTC) may not be worrying analysts with its latest price dip, but it will likely close its first negative month of April in six years this week despite hitting a new all-time high two weeks ago.

Data from monitoring resource Bybt shows that at -8.3%, April 2021 is Bitcoin’s worst April on record and the first since 2015 to make a loss.

Explanation:

Hope this helps

The net income for the month is $2,700,and the balance sheet shows the assets, liabilities, and owner's equity of   Morgan Dry Cleaners as described above.

Morgan Dry Cleaners recorded various transactions during the month.

They received cash from customers, paid creditors, received additional investment, paid expenses, and made sales on account.   The net  income for the month was   $2,700.

The balance sheet shows assets of $35,700 (including cash, accounts receivable, supplies, and land),liabilities of $3,500   (accounts payable), and owner's equity of $4,000 (capital).

These figures reflect the financial position and profitability of Morgan Dry Cleaners during the month.

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We need to utilise the JPY/USD exchange rate to calculate how many JPY are required to purchase USD 37,500,000. JPY/USD 90.5545 was the currency rate on 2 September 2014. So, we multiply USD 37,500,000 by the conversion rate to convert it to JPY.

37 American dollars to yen (USD to JPY) How much is $37.00? Thirty-seven US dollars are now exchangeable for 4,862.73 (JPY) or 4,862 yen as of 16:00 GMT.

$ 0.007544 per 1 JPY 29.03.2023 15:50 GMT, Compare the exchange rates here to all other currencies. The currency rates are often updated and the currency converter below is simple to use.

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Answer: 3,395,793,750 JPY

Explanation:

90.5545 JPY/USD

37,500,000 x 90.5545 = 3,395,793,750 JPY

The tax on the CCA recapture is $306,332.

To calculate the tax on the Capital Cost Allowance (CCA) recapture, we need to determine the CCA claimed over the years and calculate the recaptured amount. The recaptured amount is the difference between the proceeds from the sale of the asset and the undepreciated capital cost (UCC) at the time of sale.

Given that the asset costs $730,000 and has a depreciation rate of 20% per year (Class 8) over eight years, we can calculate the CCA claimed each year:

Year 1: $730,000 * 20% = $146,000

Year 2: $730,000 * 20% = $146,000

Year 3: $730,000 * 20% = $146,000

Year 4: $730,000 * 20% = $146,000

Year 5: $730,000 * 20% = $146,000

Year 6: $730,000 * 20% = $146,000

Year 7: $730,000 * 20% = $146,000

Year 8: $730,000 * 20% = $146,000

The total CCA claimed over the eight years is $1,168,000.

At the end of the project, the asset can be sold for $740,200. The UCC at the time of sale is the original cost of the asset minus the CCA claimed:

UCC = $730,000 - $1,168,000 = -$438,000

Since the UCC is negative, there is a recapture of CCA. The recapture amount is the proceeds from the sale minus the UCC:

Recapture Amount = $740,200 - (-$438,000) = $1,178,200

Now, we can calculate the tax on the CCA recapture by multiplying the recapture amount by the tax rate:

Tax on CCA Recapture = $1,178,200 * 26% = $306,332

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The statement that not true of the critical path is critical path can not be changed during the life of project.

Critical path is a method in project graph to determine the minimum time that necessary to complete the entire of project. The critical path can be calculated by sum the longest time of path from start to finish.

Since, it calculate the entire project, the critical path need to estimated all activities. But, often the unforeseen circumstances make the duration in one activities changed, and this will make the original critical path no longer relevant.

Thus, the critical path will not remain static and can be changed during the completion of project. So, the option A is not true.

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It is a false statement that to become a mason requires a five-year apprenticeship,

These are people that have some skills to carry out some of their responsibilities.

The profession is known as one uses that uses bricks, concrete blocks etc build structures such as walls, walkways, etc

The apprenticeship years for mason varies from people to people, therefore, it is a false statement.

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Answer:

Riverbed Company

1. The number of units sold in 2016:

= 12,127

2. The number of units that would have to be sold in 2017 to meet desired profit level of stockholders:

= 13,199

3. Assuming that Naylor Company sells the same number of units in 2017 as it did in 2016, the selling price have to increase to $156.30 per unit, in order to achieve stockholders' desire for more profitability.

Explanation:

a) Data and Calculations:

2016 net income = $151,800

Selling price = $151

Variable cost per unit = $91

Contribution = $60

Fixed costs = $575,800

Units sold = 12,127 ($575,800 + 151,800)/$60

When net income increases by $64,300, the units sold will increase by 1,072 ($64,300/$60)

Sales volume = 13,199 (12,127 + 1,072)

To achieve the same level of profitability ($216,100) at the same level of units sold, the price will increase by $5.30 ($64,300/12,127) to $156.30.

Answer: whether that career cluster is needed in the local economy

Explanation:  i took the quiz and got a 10/10!

Answer: whether that career cluster is needed in the local economy

Explanation: if there would be one answer it would be this one.

Answer:

Loss on disposal = $2232

Explanation:

To calculate the amount of gain or loss on sale, we must first calculate the net book value or NBV of the asset. The net book value is the difference between the cost of the asset and the accumulated depreciation. The formula for NBV is as follows,

NBV = Cost - Accumulated depreciation

NBV = 223162 - 200846

NBV = 22316

If the sales proceeds are more than the NBV of the asset, the asset is sold on gain and vice versa.

Loss on disposal = 20084 - 22316 = - $2232 or$2232 loss

Answer:

Problem of choice refers to the allocation of various scarce resources which have alternative uses that are utilized for the production of various commodities and services in the economy for the satisfaction of unlimited human wants.

The Answer of First question is option B "a Commission", and answer for second question is option C "A Fixed Salary".

In a Corporate and private sector, there are many different kinds of earning, such as a fixed salary,  a commission or a bonus depends upon the job a person has.

In the First question Sonya is a sales executive, and we know sales is a commission based job, hence the correct option would be A Commission. A bonus is given for completing overall job target.

In the second question, Jessica who works full time as an Accountant which means her job is based on a fixed salary rather than a commission because she is providing professional service to the company. Hence the correct option would be Option C  Fixed Salary.

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Answer:

domain is very talk to fulfill their very great fun nice occasionally maintenance method question complaint as to concession the number of incidents when I was limited to age 18 19 events

Answer:

I think A

Explanation:

To prepare the consolidated accounts, the following adjustments need to be made:

Adjust for the fair value of non-current assets (PPE) acquired in the acquisition of Saul plc by Abba pc:

Increase the value of PPE by £40,000

Depreciate the increased value of PPE over its useful remaining life of 10 years

Record a corresponding increase in the accumulated depreciation balance

Eliminate intercompany sales between Abba pc and Saul plc:

Remove the sales revenue of £50,000 recorded by Abba pc

Remove the cost of goods sold of £30,000 recorded by Abba pc

Remove the corresponding inventory balance of £15,000 recorded by Saul plc

Recognize goodwill and goodwill impairment on the acquisition of Saul plc by Abba pc:

Recognize goodwill of £147,000 (£210,000 - £63,000 partial goodwill)

Recognize a goodwill impairment charge of £15,000 for the year ended 31 Dec 2022

Record a corresponding decrease in the carrying amount of goodwill

Eliminate intercompany balances between Abba pc and Saul plc:

Remove the accounts payable balance of £20,000 owed by Saul plc to Abba pc

After making the above adjustments, the consolidated accounts can be prepared.

The non-controlling interest (NCI) will be calculated using the partial goodwill method (Method 1), which involves valuing the NCI at its proportionate share of the fair value of the identifiable net assets of Saul plc.

The consolidated statement of profit or loss will show the profit from operations, interest income or expense, and profit before tax for the group, with tax expense deducted to arrive at the consolidated profit after tax.

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The "income statement" is read top to bottom, beginning with revenues, sometimes known as the "top line." Taxes are subtracted after expenses and charges. The company's net income or profit is the result before any returns are paid, and it is from this that the term "bottom line" is derived.

The practice of recording and conveying financial performance over certain time periods, often on a quarterly or annual basis, is known as financial reporting.

Financial reports are used by businesses to compile accounting data and present their current financial situation. Numerous financial data are available for public scrutiny and are crucial in the estimates of future profitability, industry position, and growth.

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Answer and Explanation:

The computation of the real income percentage is as follows:

The Increase in CPI would be

= (110 - 100) ÷ 100 × 100

= 10%

And, the increase in nominal income is

= ($55,000 - $50,000) ÷ ($50,000) × 100

= 10%

As the CPI and increase in nominal income percentage is same

SO the real income would also remains the same

As it applies to corporations, employee-owner separation means that many employees can be separated from organization as a result of resignation, removal, death, permanent incapacity, discharge or retirement and they as employee are not stockholders of the company for which they work.

For better understanding, lets explain ownership and control in firms

From the above, we can therefore say that the answer that as it applies to corporations, employee-owner separation means that many employees can be separated from organization as a result of resignation, removal, death, permanent incapacity, discharge or retirement and they as employee are not stockholders of the company for which they work is true

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Because technology organizations confront major IT risks related to data acquisition concerns, storage architecture, and data analytics, IT infrastructure must be properly aligned with strategy.

Infrastructure is described as a company's, region's, or nation's basic physical systems, and it frequently involves the creation of public goods or manufacturing operations.

Farrokh's IT infrastructure will handle the following to align with business strategy: Create a focused plan for the firm's overall orientation toward employee empowerment, steadiness, or downsizing.

As the risk of substitution is always there, a full portfolio examination of the sectors or marketplace in which the firms operate through its goods and business operations is usually suggested.

Therefore, it can be concluded that IT infrastructure must be appropriately linked with strategy since technology firms face considerable IT risks related to data acquisition problems, storage design, and data analytics.

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The options that are pre-award considerations that impact post-award subcontracting compliance management are:

1)Will advance notification and consent to subcontract be required?

3)Will the contract be set aside for one of the small business socioeconomic categories?

4)Will the contract include government property?

Subcontract management, when correctly implemented, encourages uniformity in the administration of subcontracts across functions, reduces risk to the business and contract, and can boost profitability.

The process of hiring and supervising subcontractors on behalf of a customer is known as subcontractor management. General contractors are accountable for this in construction.

Respect for the standards and guidelines established in a contract is referred to as contract compliance. This frequently entails periodic inspections of an existing contract to look for deviations and assess compliance with compliance rules and standards.

Therefore, The process of making sure people and operations at all levels of the business abide by rules, regulations, and specifications is known as compliance management. Governments, industry groups, regulatory agencies, and employee unions are just a few of the many organizations that set requirements.

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See full question below

Which the following are pre-award considerations that impact post-award subcontracting compliance management?) (Select three that apply)

1)Will advance notification and consent to subcontract be required?

2) Will the prime contractor be required to attend the post-award orientation conference?

3)Will the contract be set aside for one of the small business socioeconomic categories?

4)Will the contract include government property?

Open market transactions and moral suasion in promoting growth and development in South Africa can be understood as an economic, political and social awareness arising from globalization.

They are the decisions of a country's central bank on the supply and money in an economy, in order to positively influence the balance and economic development in a country, through the control of interest rates, the reliability of the banking system and to generate jobs. and reduce inflation.

Therefore, open market transactions and moral suasion about promoting growth and development in South Africa leads to greater awareness of government actions to regulate monetary policy in an expansionary way, to generate employment, monetary incentives for entrepreneurship and increase citizens' quality of life.

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Answer:

The Container Store's Culture IMPROVING FIT AT THE CONTAINER STORE The Container Store wants to hire store employees whose self-motivation, team orientation, and pas sion for customer service will help the company succeed. To accomplish this goal, the company asks every employee to play a role in recruiting.

Organizations should monitor and analyze three main types of cash flow: cash flow from operating operations, cash flow from investment activities, and cash flow from financing activities. These three categories of cash flow can be used to determine the liquidity and solvency of the company. All three appear on the cash flow statement of a business.

What are the three financial statements?

Income statement, balance sheet, and cash flow statement are all required financial statements.

                            Trading professionals can utilize these three statements as instructional tools to evaluate a company's financial standing and swiftly ascertain its true worth.

Why Are Investment Activities Important?

The line item for investing activities is one of the most significant ones on a company's cash flow statement.

                                You can learn from them about how a company might develop in the future and generate more income.

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Answer:

Cash or Check?

If a business is ever "questioned" about the payment of an invoice it is a rather simple process to produce the cancelled check as proof positive. The "money trail" is easy to follow with checks.

cash doesn't often leave a trail and thus the Government, Tax auditors and such frown on businesses paying for things by cash and from taking in bundles of cash. If you are in a business that generates a great deal of cash from sales, be very careful and meticulous as to how you record the receipt of cash and how you spread the cash around

Gulf Uniform Supply records the credit card fee expense in its cash payments journal as a reduction in cash, with a corresponding debit to the Credit Card Fee Expense account and a credit to the Cash account.

Gulf Uniform Supply was a company that provided high-quality uniforms and workwear to businesses and organizations in the Gulf region of the United States. Based in Houston, Texas, Gulf Uniform Supply offered a wide range of products, including uniforms for industries such as oil and gas, healthcare, hospitality, and public safety.

The company prided itself on its commitment to customer service and attention to detail. Gulf Uniform Supply worked closely with its clients to develop custom uniforms that met their specific needs and branding requirements. In addition to uniforms, the company also provided a variety of promotional products and branded merchandise.

Unfortunately, Gulf Uniform Supply is no longer in business, and its website is no longer active. It is unclear when the company ceased operations or what led to its closure.

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Answer:

Steve Jobs coming back, Innovations, and Tim Cook taking over as COO

Explanation:

The fluctuations in stock prices of a company are due to improved performance of the company in meeting it's objectives and perception that the business will do better in the future.

In the given scenario there was an initial increase in Apple’s stock price from $27.97 to $702.10, an increase of 25 times.

This can be attributed to the return of Steve Jobs as the CEO of Apple. There was a confidence boost by his coming back. Also there were various innovations like: iPhone, iMac, iPod, and iTunes. These improved the performance and by extension share price of Apple.

However when Tim Cook took over as COO he reduced production by half resulting in stock price decrease by 37% from its peak in September 2012 until the end of March 2013, from $702.10 to $442.66.

The specific attributes of Apple's operational performance that increased its stock performance before and after the 2012 peak could be attributed to the following operational factors:

1. The return of Steve Jobs as Apple's CEO brought in active and innovative leadership and management style that revitalized the company's operational performance.

2. The following innovations, like iPhone, iMac, iPod, and iTunes, skyrocketed Apple's stock performance and boosted investor confidence in the company's leadership.

3. The reduction in the stock performance occurred when Tim Cook took over following the death of Steve Job, especially with some of the operational changes that halved production units.

Thus, the starring increase of Apple's stock price from $27.97 to $702.10 in 2012 and the subsequent reduction to $442.66 can be attributed to the above operational factors.

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