[The following information applies to the questions displayed below.] On July 15, 2021, the Nixon Car Company purchased 2,400 tires from the Harwell Company for $35 each. The terms of the sale were 2/10, n/30. Nixon uses a perpetual inventory system and the gross method of accounting for purchase discounts. Required: 1. Prepare the journal entries to record the purchase on July 15 and payment on July 23, 2021. 2. Prepare the journal entry for the payment, assuming instead that it was made on August 15, 2021. July 15, 2021 Record purchase of tires July 23, 2021 Record payment of July 15 purchase Required 2 August 15, 2021 Record payment of July 15 Purchase
[The following information applies to the questions displayed below.]
On July 15, 2021, the Nixon Car Company purchased 2,400 tires from the Harwell Company for $35 each. The terms of the sale were 2/10, n/30. Nixon uses a perpetual inventory system and the gross method of accounting for purchase discounts.
3. If Nixon instead uses a periodic inventory system, explain any changes to the journal entries created in requirements 1 and 2.
The July 15 entry would include a debit to the _____________
entry would include a credit to the ____________________.
Answers
If Nixon uses a periodic inventory system, the July 15 entry would include a debit to the Purchases account and a credit to the Accounts Payable account.
The entry on July 23 would include a debit to Accounts Payable and a credit to Cash for the amount paid. The entry on August 15 would include a debit to Accounts Payable and a credit to Cash for the amount still owed plus interest.
A periodic inventory system is an inventory management system in which a physical count of stock is taken at regular intervals, such as once a month or once a quarter. The physical count is compared to the inventory records to determine the quantity of stock on hand. This system is used to identify discrepancies in inventory records and to update the records with the actual amount of stock on hand.
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Related Questions
Match the tasks with the professionals who would complete them.
nanobiologist
database administrator
computer help desk
technician
statistician
video game designer
printing equipment
operator
special effects artist
automotive engineer
graphics illustrator
Answers
Considering the job tasks and responsibilities, matching the tasks with the professionals who would complete them, we have the "Nanobiologist: STEM."
Other professionals who would complete tasks under STEM include the following:
StatisticianAutomotive engineer.STEM is an acronym for Science, Technology, Engineering, and Mathematics.
The professionals who would complete tasks under Information Technology include the following:
Database administrator;Computer help desk technician;Printing equipment operator.The professionals who would complete tasks under Arts, A/V Technology, and Communications include the following:
Special effects artist,Graphics illustrator.Video game designer.AV technology is audiovisual technology that includes sound and video, such as video games.
Hence, in this case, it is concluded that different professionals perform different functions.
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a hospital arranges with an hmo to provide hospital care to the hmo's members at a specific rate per member, per month. during june, the hmo paid the hospital $850000, in accordance with the agreement. the hospital's cost accounting records showed that, if it had billed the hmo in accordance with its established billing rates, it would have billed the hmo $975000. prepare the appropriate journal entry (or entries) to record this transaction.
Answers
A financial record you can use to keep track of unrecorded transactions is an adjusting journal entry. Accrued costs, accrued income, provisions, and deferred income are a few examples of common adjusting journal entries. The Following are required journal and adjustment entries for HMO revenue.
Record the payment received from the HMO:
Cash 850,000
HMO Revenue 850,000
Cash 125,000
Allowance for Contractual Adjustments 125,000
Adjusting entries are modifications to previously written diary entries. They specifically check that the values you have recorded correspond to the appropriate accounting periods. Journal entries keep track of the flow of money into and out of your firm as well as between various accounts.
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Accounting and subsequently violates the covenant not to complete, what equitable remedy is available to big three accounting inc
Answers
Injunction equitable remedy is available to Big Three Accounting, Inc. Thus option D is correct.
What is Accounting?Accounting is the act of documenting a business's monetary operations. All transactions are compiled, examined, and reported to factor in making, regulatory bodies, and tax collection organizations as part of the accounting cycle.
A lawsuit for an injunction is brought to court when someone infringes any contract clause relating to not competing. An equitable relief is where a court directs a party to carry out a certain act or desist from doing so. Therefore, option D is the correct option.
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After passing his CPA exam, Mohammad is hired by Big Three Accounting, Inc. Part of his contract includes a covenant not to compete. If, after working for three years, Mohammad retires from Big Three Accounting and subsequently violates the covenant not to compete, what equitable remedy is available to Big Three Accounting, Inc.?
a. Rescission O b. Specific Performance O c. Reformation O d. Injunction
price elasticity of demand for electricity
Answers
The price elasticity of demand for electricity reflects the sensitivity of electricity consumption to price changes.
The price elasticity of demand for electricity is a measure of the responsiveness of electricity consumption to changes in its price. It is calculated as the percentage change in quantity demanded divided by the percentage change in price.
Understanding the price elasticity of demand for electricity is important for policymakers, electricity providers, and regulators in making informed decisions.
In the short run, the price elasticity of demand for electricity tends to be relatively low or inelastic. This means that changes in the price of electricity have a relatively small effect on the quantity demanded.
Electricity is considered a necessary and essential good for many households and businesses, and there are limited substitutes available in the short run.
In the long run, the price elasticity of demand for electricity becomes more elastic. Consumers and businesses have more flexibility to respond to price changes by adjusting their behavior, investing in energy-efficient technologies, or switching to alternative energy sources.
The availability of substitutes and technological advancements play a significant role in increasing the elasticity of demand over time.
It is important to note that the price elasticity of demand for electricity can vary across different consumer segments and regions. Industrial and commercial consumers often have more options to adjust their electricity consumption patterns and tend to have a higher elasticity of demand.
Residential consumers, on the other hand, may have fewer alternatives and exhibit a lower elasticity of demand.
It helps policymakers and stakeholders anticipate the impact of price fluctuations and design effective policies related to pricing structures, subsidies, energy efficiency programs, and the promotion of renewable energy sources.
Understanding the price elasticity of demand for electricity is crucial for balancing economic, environmental, and social goals in the energy sector.
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compare and contrast the relevance of establishing national and international partners as means of supporting education in a school pptx
Answers
Title: Establishing National and International Partners to Support Education in Schools
Slide 1:
Introduction
- Welcome to the presentation on the relevance of establishing national and international partners to support education in schools.
Slide 2:
Definition of National Partners
- National partners refer to organizations, institutions, or individuals within the same country as the school.
- These partners collaborate with schools to enhance educational opportunities and resources.
Slide 3:
Benefits of National Partnerships
- Close proximity allows for easier coordination and communication.
- National partners can provide funding, expertise, and resources tailored to local educational needs.
- Collaboration with national partners promotes a sense of community and national identity.
Slide 4:
Examples of National Partners
- Local businesses and corporations can offer financial support, mentorship programs, or internship opportunities for students.
- Non-profit organizations can provide after-school programs, educational materials, or specialized training for teachers.
Slide 5:
Definition of International Partners
- International partners are organizations, institutions, or individuals from different countries collaborating with schools.
- These partnerships enable cross-cultural exchanges and global learning experiences.
Slide 6:
Benefits of International Partnerships
- Exposure to diverse perspectives and cultures fosters global awareness and understanding.
- International partners can offer access to innovative teaching methods, best practices, and research findings.
- Collaboration with international partners enhances the school's reputation and expands educational horizons.
Slide 7:
Examples of International Partners
- Sister school programs facilitate cultural exchanges and joint projects between schools from different countries.
- International organizations, such as UNESCO or UNICEF, can provide funding, training, and resources for educational development.
Slide 8:
Comparison: National vs. International Partnerships
- National partnerships focus on addressing local educational needs and fostering a sense of national identity.
- International partnerships emphasize global awareness, cross-cultural exchanges, and access to international resources.
Slide 9:
Contrast: National vs. International Partnerships
- National partnerships benefit from close proximity, easier coordination, and tailored resources.
- International partnerships offer exposure to diverse perspectives, global learning experiences, and access to innovative practices.
Slide 10:
Conclusion
- Establishing both national and international partnerships is crucial for supporting education in schools.
- National partners contribute to local needs, while international partners offer global perspectives and resources.
- By collaborating with partners, schools can enhance the quality of education and provide students with diverse learning opportunities.
Slide 11:
Thank you!
- Any questions or discussions are welcomed.
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As a student in the Principles of Management class of Ama Ghana University, you are expected to have experiential knowledge so that you can be able to solve real life business problems after graduation. To achieve this objective, the 2020 class has been divided into ten groups; and each team works in a management capacity with ten management consulting companies in the Greater Accra Region. San Consulting - the firm that your group works with is a project management company that is into Real Estate construction and management consulting. This firm which has twenty years’ experience in this business is the first choice for all individuals and companies that want quality service. You have on the contrary, observed that many of the management practices have not developed precipitously as situations in the business environment warrant. The accountant confirmed this by saying in the last general meeting that a certain percentage of San’s profit margin is being lost because of this situation. She gave the example that the surveying department spent eight labor hours generating data that had been generated two weeks ago by another unit. Due to the fact that the surveying department did not know that the data had already been created, a substantial effort was wasted and this has been a recurrent problem.
In addition, the increase in demand of the services of San’s Consulting has placed significant pressures on the five managers whose duties are not clearly defined. For instance, you have observed that any of these managers perform duties in the operations department as well as any other unit within the firm. They are not able to perform all the functions required of them due to the ineffectiveness of the organizational structure.
You and the members of your group are expected to write a report to the top-level management team regarding your analysis of the situation in the firm.
Questions
1. Explain which of the four main management functions is/are not operating as it/they should within the firm? 3 Marks
2. What recommendations will you make in your report that will help assure that this situation or similar one would not happen again? 4 Marks
3. Assume that the top-level management team has accepted your recommendations, how can their effectiveness be evaluated three months after implementation? 4 Marks
4. Discuss the organizational structure currently used by San’s Consulting and would you recommend the continuous use of this structure? If yes or no, present the factors (4) that influenced your decision regarding the right organizational structure for San’s Consulting. 5 Marks
5. Identify and discuss the main problems that the firm is likely to experience (i) if the current structure is continued or (ii) if a new structure is implemented. 5 Marks
1B) Akwamba made this statement ‘organisations cannot be successful if managers fail to pay attention to the forces in the external environment’. Do you agree or not? Justify using practical examples (9 marks)
Answers
Answer:
The organization structure is not clearly defined, Managers are performing duties in various departments at a time.
Explanation:
San Consulting is one of the finest consulting firm in the Greater Accra Region. The firm is always a first choice for individuals who want to pursue their career in business. The Organizational structure of San Consulting is not clearly defined. San's profits are falling because management practices are not according to the other competitive organizations. The managers working at San are facing excess workload and pressure for their work. Their job descriptions is not clearly defined and they are forced to work in multiple departments at the same time due to which they are losing focus on their own work.
Questions 1: Planning, organizing, leading and controlling
Question 2: The organizational structure needs to be set and every employee should have their defined job role so they are able to complete work with efficiency.
Question 3: The profits of San consulting will rise as there will be less duplication of work and every employee will be able to focus on their own task and will work with efficiency.
Question 4: Matrix. The matrix organizational structure is not suited in this organization. The right organizational structure for San consulting will be Functional Structure.
Question 5: (i) The profits for San Consulting will decline
(ii) The profit will rise because employee will focus more on their specific tasks.
1B. Yes agree. The managers need to focus on the external environment as well to identify the opportunities and threats present which can stimulate changes for the organization.
⦁ Which of the following is NOT one of the ways the U.S. Government tries to stabilize the economy?
⦁ ensure that jobs are available for all those who can work
⦁ prevent drastic shifts in prices
⦁ regulate the banking system
⦁ insist on American citizenship for all immigrants
Answers
Answer:
4, the last one
Explanation:
The financial statements for Castile Products, Inc., are given below:
Castile Products, Inc. Balance Sheet December 31 Assets
Current assets:
Cash $21,000
Accounts receivable, net 230,000
Merchandise inventory 350,000
Prepaid expenses 11,000
Total current assets 612,000
Property and equipment, net 870,000
Total assets $1,482,000
Liabilities and Stockholders' Equity Liabilities:
Current liabilities $300,000
Bonds payable, 10% 350,000
Total liabilities 650,000
Stockholders’ equity:
Common stock, $5 par value $180,000
Retained earnings 652,000
Total stockholders’ equity 832,000
Total liabilities and stockholders’ equity $1,482,000
Castile Products, Inc.
Income Statement
For the Year Ended December 31
Sales $2,800,000
Cost of goods sold 1,612,500
Gross margin 1,187,500
Selling and administrative expenses 640,000
Net operating income 547,500
Interest expense 33,000
Net income before taxes 514,500
Income taxes (30%) 154,350
Net income $360,150
Account balances at the beginning of the year were: accounts receivable, $170,000 and inventory, $360,000. All sales were on account.
Required:
Compute the following financial ratios:
1. Working capital
2. Current ratio
3. Acid-test ratio
4. Debt-to-equity ratio
5. Times interest earned ratio
6. Average collection period. (Use 365 days in a year.)
7. Average sales period. (Use 365 days in a year.)
8. Operating cycle
Answers
Answer and Explanation:
The formula and the computations are shown below:
1. Working capital is
Working capital = Currents assets - current liabilities
= $612,000 - $300,000
= $312,000
2. The current ratio is
Current ratio = Current assets ÷ Current liabilities
= $612,000 ÷ $300,000
= 2.04 times
3. Acid test ratio is
Acid test ratio = Quick assets ÷ Current liabilities
where,
Quick assets = Cash + account receivable
= $21,000 + $230,000
= $251,000
And, the current liabilities is $300,000
So, the acid test ratio is
= $251,000 ÷ $300,000
= 0.84 times
4. Debt to equity ratio
= Total liabilities ÷ Total stockholder equity
= $650,000 ÷ $832,000
= 0.78 times
5. Time interest earned ratio is
= Earning before interest and taxes ÷ interest expenses
= ($514,500 + $33,000) ÷ ($33,000)
= 16.59 times
6. Average collection period is
= Total number of days in a year ÷ account receivable turnover ratio
where,
Account receivable turnover ratio is
Net credit sales ÷ Average accounts receivable
where,
Net credit sales is $2,800,000
And, the Average accounts receivable would be
= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2
= ($170,000 + $230,000) ÷ 2
= $200,000
So, the accounts receivable turnover ratio would be
= $2,800,000 ÷ $200,000
= 14 times
So, average collection period is
= 365 days ÷ 14
= 26.07 days
7. Average sales period =
= Total number of days in a year ÷ inventory turnover ratio
where,
Inventory turnover ratio is
= cost of good sold ÷ Average inventory
where,
Cost of goods sold is $1,612,500
And, the Average inventory would be
= (Inventory, beginning of year + Inventory, end of year) ÷ 2
= ($360,000 + $350,000) ÷ 2
= $355,000
So, the invnetory turnover ratio would be
= $1,612,500 ÷ $355,000
= 4.54 times
So, average sales period is
= 365 days ÷ 4.54
= 80.40 days
8. Operating cycle is
The operating cycle = Days inventory outstanding + days sale outstanding
= 80.40 days + 26.07 days
= 106.47 days
QUESTION TWO HEEKS Associates Co. Ltd is considering investing in one of two proposed short-term portfolios of four short-term financial investments. The correlation between the returns of the individual investments is believed to be negligible in both options proposed. The market return is estimated to be 15%, and the risk-free rate 5%. Portfolio 1 Investment A B C D Portfolio 2 Investment A B C D Amounts invested (TZS) 10,000,000 40,000,000 30,000,000 20,000,000 Amounts invested (TZS) 20,000,000 40,000,000 20,000,000 20,000,000 Expected Total return risk 20% 8 22% 24% 26% Expected return 18% 20% 22% 16% 10 11 9 Total risk 7 9 12 13 Beta 0.7 1.2 1.3 1.4 Beta 0.8 1.1 1.2 1.4 Required: a) Calculate the risk and return of the two portfolios using the principles of both portfolio theory and the CAPM. b) Which portfolio appears to be more efficient?
Answers
Portfolio 1: Expected Return 1: 19.6% , Total Risk (σ1): 5.5%
CAPM Expected Return 1: 51%, CAPM Total Risk (σ1): 49.5
Portfolio 2: Expected Return 2: 19.2%, Total Risk (σ2): 4.7%
CAPM Expected Return (E(R2)): 50%, CAPM Total Risk (σ2): 48.1
a) Portfolio Risk and Return Calculation:
Using Portfolio Theory:
For Portfolio 1: Expected Return 1 = (Weight A * Return A) + (Weight B * Return B) + (Weight C * Return C) + (Weight D * Return D) Expected Return (E(R1)) = (0.1 * 18%) + (0.4 * 20%) + (0.3 * 22%) + (0.2 * 16%)
= 1.8% + 8% + 6.6% + 3.2%
Expected Return 1 = 19.6%
Total Risk (σ1) = √[(Weight A^2 * Risk A^2) + (Weight B^2 * Risk B^2) + (Weight C^2 * Risk C^2) + (Weight D^2 * Risk D^2)] Total Risk (σ1) = √[(0.1^2 * 7^2) + (0.4^2 * 9^2) + (0.3^2 * 12^2) + (0.2^2 * 13^2)]
= √[0.49 + 12.96 + 10.08 + 6.76] Total Risk (σ1) = √30.29
Total Risk (σ1) = 5.5%
For Portfolio 2: Expected Return 2 = (0.2 * 18%) + (0.4 * 20%) + (0.2 * 22%) + (0.2 * 16%)
= 3.6% + 8% + 4.4% + 3.2%
Expected Return 2 = 19.2%
Total Risk (σ2) = √[(0.2^2 * 7^2) + (0.4^2 * 9^2) + (0.2^2 * 12^2) + (0.2^2 * 13^2)]
= √[0.98 + 12.96 + 2.88 + 5.32] = √22.14
Total Risk (σ2) = 4.7%
Using CAPM:
For Portfolio 1: Expected Return 1 = Risk-Free Rate + (Beta A * Market Risk Premium) + (Beta B * Market Risk Premium) + (Beta C * Market Risk Premium) + (Beta D * Market Risk Premium) Expected Return (E(R1))
= 5% + (0.7 * (15% - 5%)) + (1.2 * (15% - 5%)) + (1.3 * (15% - 5%)) + (1.4 * (15% - 5%))
= 5% + (0.7 * 10%) + (1.2 * 10%) + (1.3 * 10%) + (1.4 * 10%)
= 5% + 7% + 12% + 13% + 14%
Expected Return 1 = 51%
Total Risk (σ1) = Beta-Weighted Standard Deviation = (Beta A * Risk A) + (Beta B * Risk B) + (Beta C * Risk C) + (Beta D * Risk D)
= (0.7 * 7) + (1.2 * 9) + (1.3 * 12) + (1.4 * 13)
= 4.9 + 10.8 + 15.6 + 18.2
Total Risk (σ1) = 49.5
For Portfolio 2: Expected Return 2 = 5% + (0.8 * (15% - 5%)) + (1.1 * (15% - 5%)) + (1.2 * (15% - 5%)) + (1.4 * (15% - 5%))
= 5% + (0.8 * 10%) + (1.1 * 10%) + (1.2 * 10%) + (1.4 * 10%)
= 5% + 8% + 11% + 12% + 14%
Expected Return 2 = 50%
Total Risk (σ2) = (0.8 * 7) + (1.1 * 9) + (1.2 * 12) + (1.4 * 13)
= 5.6 + 9.9 + 14.4 + 18.2
Total Risk (σ2) = 48.1
Based on these metrics, Portfolio 2 appears to be more efficient since it has a slightly lower total risk while still offering a high expected return.
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Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period:
Office Expenses Total Allocation Basis
Salaries $30,000 Number of employees
Depreciation 20,500 Cost of goods sold
Advertising 41,500 Net sales
Item Drilling Grinding Total
Number of employees 1080 1620 2700
Net sales $326,625 $477,375 $804,000
Cost of goods sold $76,500 $127,500 $204,000
The amount of the total office expenses that should be allocated to Grinding for the current period is : ____________
Answers
Answer:
Total allocated costs= $63,221.7
Explanation:
First, we need to calculate the allocation rates based on the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Salaries= 30,000/2,700= $11.11 per number of employees
Depreciation= 20,500/204,000= $0.10 per cost of goods sold dollar
Advertising= 41,500/804,000= $0.052 per net sales dollar
Now, we can allocate costs to Grinding:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Salaries= 11.11*1,620= 17,998.2
Depreciation= 0.10*204,000= 20,400
Advertising= 0.052*477,375= 24,823.5
Total allocated costs= $63,221.7
Doug is filing singly. His net taxable income is $80,575. Every week, $304 is withheld from his earnings for income tax. Based on the table below, what can Doug expect when his taxes are due? Between 80,550 and 80,600 dollars, for filing single, the amount of taxes is 16,539 dollars. a. Doug will receive a refund of $123. b. Doug will receive a refund of $2,977. c. Doug will owe an additional $1,125. d. Doug will owe an additional $731. Please select the best answer from the choices provided A B C D
Answers
Between 80,550 and 80,600 dollars, for filing single, the amount of taxes is 16,539 dollars Doug will owe an additional $731. The correct option is D.
How are tax liabilities calculated?Your gross tax liability is equal to your taxable income less your tax deductions. Your total income tax liability is equal to your gross tax liability less any tax credits you are eligible for.
Given
the amount of taxes is $16,539
Every week =$304 income withdrawal for tax.
Required to calculate the amount of taxes =?
The total amount of tax in a year = 304 x 52 = $15,808
amount of taxes = amount of taxes - amount already deposited
amount of taxes = 16539 - 15808 = $731
Thus, Doug will owe an additional $731. The total amount of tax owed to federal, state, and local governments by individuals and organizations in a given period is referred to as tax liability. Tax liabilities are short-term liabilities that are recorded on a balance sheet and paid within a year.
Thus, the ideal selection is D.
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Answer: D
Explanation:
ik
The process of selecting the segments to serve by offering products is referred as
Answers
Answer:
market targeting.
Explanation:
In a deed, the person or entity conveying the real property interest is more commonly referred to as the:
Answers
In a deed, the person or entity conveying the real property interest is more commonly referred to as the: Grantor.
Who is the Grantor?The grantor in a property deed is the individual who owns the property that is to be sold. He confers the ownership rights of the property to the grantee.
The property that is transferred is referred to as the Grant.
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Montana Mining Co. pays $3,721,000 for an ore deposit containing 1,525,000 tons. The company installs machinery in the mine costing $213,500, which will be abandoned when the ore is completely mined. Montana mines and sells 166,200 tons of ore during the year. Prepare the year-end entries to record both the ore deposit depletion and the mining machinery depreciation. Mining machinery depreciation should be in proportion to the mine’s depletion.
Answers
Answer:
Ore deposit depletion and Mining machinery depreciation Journal entries
Dr Depletion charge (Ore deposits) 405,528
Cr Accumulated depreciation 405,528
Dr Depletion charge (Ore deposits) 23,268
Cr Accumulated depreciation 23,268
Explanation:
Preparation of the year-end entries to record both the ore deposit depletion and the mining machinery depreciation of Montana Mining Co
Depletion of natural resources can be defined as the way in which the cost of natural resources is apportioned upto the period when it will be utilized which is why they are shown at cost in balance sheet.
The entry is to record depreciation charged on ore deposit depletion. Therefore To record this entry we have to debit depletion charges, and credit accumulated depreciation
Dr Depletion charge (Ore deposits) 405,528
Cr Accumulated depreciation 405,528
Computation of depletion cost per unit:
The depletion cost per unit can be calculated by dividing the net cost of the ore with the total units of capacity :
Depletion/units = Cost - Salvage/ Total unit of capacity
$3,721,000/1,525,000 tons
=$2.44
Hence, depletion per unit is $2.44.
Computation depletion amount on ore deposit:
The depletion amount on ore deposit can be calculated by multiplying the cost per depletion unit with the number of units utilized:
Depletion =Cost/Unit ×Units Utilized
$2.44×166,200 tones
=$405,528
Hence, depletion expenses on ore deposit amounts to $405,528.
The pass entry to record depreciation charged on mining machine :
Dr Depletion charge (Ore deposits) 23,268
Cr Accumulated depreciation 23,268
Computation of depreciation cost per unit:
The depletion cost per unit can be calculated by dividing the net cost of the ore with the total units of capacity :
Depletion/units = Cost - Salvage/ Total unit of capacity
$213,500/1,525,000 tons
=$0.14
Hence, depreciation per unit is $0.14.
Computation of depreciation amount on ore deposit:
The depletion amount on ore deposit can be calculated by multiplying the cost per depletion unit with the number of units utilized:
Depletion =Cost/Unit ×Units Utilized
$0.14×166,200 tones
=$23,268
Therefore the depreciation expenses on ore deposit amounts to $23,268
__________ occurs when people experience a gain or loss in position and/or income that does not produce a change in their place in the class structure.
A. Horizontal mobility
B. Structural mobility
C. Situational mobility
D. Vertical mobility
Answers
A. Horizontal mobility occurs when people experience a gain or loss in position and/or income that does not produce a change in their place in the class structure.
Social mobility is the movement of people within a system of social hierarchy or stratification. It is referred to as "horizontal mobility" if such mobility entails a change in position, often in occupation, but not in social status. A individual who transfers from a managerial position in one firm to one in a different would be an example. Vertical mobility, on the other hand, refers to a shift in social class and can be either "upward mobility" or "downward mobility." A landed aristocracy who loses everything in a revolution slides downward in the class system; an industrial worker who becomes a successful businessman advances.
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Question 2
Absentees do not seriously disrupt service and other productive activities if a company implements
a. job rotations
b. competition
c. goal-setting
mad Alsalami
d. culture
Answers
Absentees will not seriously disrupt service and other productive activities if a company implements a. job rotations.
How can absenteeism be dealt with?In order to avoid absenteeism messing with the services and productive activities of a company, the company should implement job rotations.
This means that even when a worker misses their job by being absent, another worker can take their place thanks to job rotation equipping them with skills.
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A restaurant that is successful in a large city always succeed in a small city true or false
Answers
Answer: True
Explanation: In my opinion it may be true because if it succeeds somewhere else its most likely to succeed in other places too
Hope This Helps!
Two countries, the United States and the United Kingdom, produce only one good, saying wheat. Suppose the price of wheat is $2 in the United States and is £1 in England.
b) Suppose the price of wheat over the next year is expected to rise to $3.50 in the United States and to £1.5 in the United Kingdom. What should the one-year $:£ forward rate be? (8marks)
Answers
The one-year $:£ forward rate is 2.33 between the United States and the United Kingdom.
What is the price?The amount of compensation that a person is willing to pay for the goods or services that they are acquiring can be referred to as the price. The amount of money being supplied or needed to be paid for a good or service is as the price.
Next year change in the price will be
the United States expected rise in the upcoming year will be $3.50
the United Kingdom is expected to rise in the upcoming year will be £1.5
If there is no ambiguity, the forward rate, will be The price of the united states with respect to the price of the united kingdom will be $3.50/ £1.5
This will result in 2.33 which will be changed in the next year in the price change of the wheat.
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The following information is related to Sheffield Real Estate Agency.
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Answer:
EDate Affect on Accounting Equation Affect on Account Oct-01 Debit Cash Debit Asset $ 21,750 Credit James Sheffield, Capital Credit Equity $ 21,750 Oct-02 Debit No Entry Debit Credit Credit
Describe the characteristics of stocks and their expected behavior relative to the market.
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Answer:
A bull market is a market that is on the rise and where the conditions of the economy are generally favorable. A bear market exists in an economy that is receding and where most stocks are declining in value. Because the financial markets are greatly influenced by investors' attitudes, these terms also denote how investors feel about the market and the ensuing economic trends.
A bull market is typified by a sustained increase in prices. In the case of equity markets, a bull market denotes a rise in the prices of companies' shares. In such times, investors often have faith that the uptrend will continue over the long term. In this scenario, the country's economy is typically strong and employment levels are high.
By contrast, a bear market is one that is in decline. A market is usually not considered a true "bear" market unless it has fallen 20% or more from recent highs. In a bear market, share prices are continuously dropping. This results in a downward trend that investors believe will continue; this belief, in turn, perpetuates the downward spiral. During a bear market, the economy slows down and unemployment rises as companies begin laying off workers
er taxes, of R227 000 and preference share dividends of R10 000. If the company had a number of ordinary shares outstanding of 76 262, what was its earnings per share (EPS)?
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The company's earnings per share (EPS) was calculated to be R3.03
Earnings per share (EPS) is calculated by dividing the company's net income by its number of outstanding shares. In order to calculate EPS, we must first calculate the company's net income. The net income of the company is given as R227,000 from regular taxes and R10,000 from preference share dividends. Therefore, the company's total net income is R237,000.Next, we must calculate the company's earnings per share (EPS). We are given that the company had a number of ordinary shares outstanding of 76,262. Therefore, the company's EPS is calculated as follows:Earnings per share (EPS) = (Net income - Preferred dividends) / Number of outstanding sharesEarnings per share (EPS) = (R237,000 - R10,000) / 76,262Earnings per share (EPS) = R3.03Therefore, the company's earnings per share (EPS) was R3.03.Summary: Earnings per share (EPS) is calculated by dividing the company's net income by its number of outstanding shares. In this problem, we are given that the company had a net income of R237,000 from regular taxes and preference share dividends, and a number of ordinary shares outstanding of 76,262. Therefore, the company's earnings per share (EPS) was calculated to be R3.03.For more questions on Earnings per share (EPS)
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a company product sells for 170 and has variable cost of 50 associated with the product what is its contribution margin per unit ?
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Answer:
Contribution margin per unit = 120 per unit
Explanation:
Given:
Sales price of a unit = 170
Variable cost per unit = 50
Find:
Contribution margin per unit
Computation:
Contribution margin per unit = Sales price of a unit - Variable cost per unit
Contribution margin per unit = 170 - 50
Contribution margin per unit = 120 per unit
Contribution margin ratio = [Contribution margin per unit / Sales price of a unit]100
Contribution margin ratio = [120 / 170]100
Contribution margin ratio = [0.7058]100
Contribution margin ratio = 70.58% (Approx.)
Suppose you are a human resource professional at a company setting up work
teams for production and sales. Explain at least four legal requirements which need
to be embedded in your pay structure to support this new work arrangement.
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If I were a human resource professional at a company setting up work teams for production and sales, the four legal requirements that need to be embedded in my pay structure to support this new work arrangement are:
The nation's minimum yearly salary.State minimum wage is paid.Minimal wage for the employees.A flat wage for the position.What will the legal requirements be about?A group incentive plan is a form of compensation that bases pay on the collective performance of a team and emphasizes cost-cutting, productivity growth, and achieving organizational objectives.
I supposedly work in human resources for a company that organizes work teams for sales and production and I would suggest the below point to encourage this new work arrangement:
Teams that are unable to function independently are provided group incentive plans. They are only able to function in teams, and the job itself necessitates it.Learn more about human resource professional from
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How are laws of supply and demand similar
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¿In two to three sentences, explain why it is important to have insurance.?
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Answer:
Explanation:
Insurance protects yourself, your assets, or even your family against financial loss. Oftentimes, events, such as cancer or a car accident, are random and have the potential to financially run people. Insurance is a way to reduce the financial impacts of these risks.
Typically, higher coverage ratios are preferred, but a very high ratio may indicate under-utilization of fixed-payment obligations, which may result in unnecessarily low risk and return. True or False?
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True. A very high ratio may indicate under-utilization of fixed payment obligations, which will showcase low risk an return.
Yet if a company's coverage ratio is really high, it can mean that it is not making the most use of its resources. This will lead to lesser returns. This will have a bag effect on the company.
If this is the case, the corporation will be undergoing potential returns in order to maintain an very high coverage ratio. The company may need to examine its capital structure and make efforts to lower its risk and return profile.
Thus, the investors may not have a positive opinion on the cooperation. This will have a toll on the company.
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The Goods Available for Sale total is __________.
a) $43,000.
b) $11,000.
c) $97,000.
d) $69,000.
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Answer:
c 97,000
Explanation:
Cost of goods available for sale equals the beginning value of inventory plus the cost of goods purchased.
Euclid acquires a 7-year class asset on May 9, 2020, for $200,000 (the only asset acquired during the year). Euclid does not elect immediate expensing under §179. He does not claim any available additional first-year depreciation. Calculate Euclid’s cost recovery deduction for 2019 and 2020.
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Answer:
2019 $28,580
2020 $48,980
Explanation:
Calculation to determine Euclid’s cost recovery deduction for 2019 and 2020.
2019 Cost recovery deduction=$200,000x.1429
2019 Cost recovery deduction= $28,580
2020 Cost recovery deduction= $200,000x.2449
Cost recovery deduction= $48,980
Therefore Euclid’s cost recovery deduction for 2019 and 2020 will be :
2019 $28,580
2020 $48,980
Federal Semiconductors issued 11% bonds, dated January 1, with a face amount of $800 million on January 1, 2021. The bonds sold for $739,814,813 and mature on December 31, 2040 (20 years). For bonds of similar risk and maturity the market yield was 12%. Interest is paid semiannually on June 30 and December 31. Required: 1. to 3. Prepare the journal entries to record their issuance by Federal on January 1, 2021, interest on June 30, 2021 (at the effective rate) and interest on December 31, 2021 (at the effective rate). 4. At what amount will Federal report the bonds among its liabilities in the December 31, 2021, balance sheet
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Answer:
calcule estúpido malparido
As a call center agent you have a script that you must read to customers from a computer. A customer calls with an issue but your computer screen is freezing and moving very slowly making it difficult for you to address the issue as scripted.
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Customer care teams utilize written instructions called customer service scripts to confirm and address issues or concerns from customers. A customer service script can be used for talks over the phone, and on social media.
What are the difficulties to address the issue as scripted?No matter who is at blame, the first thing you want to do when there is a problem is apologised and show empathy. While you want to assist in their problem-solving, you also want to make sure that their worries are acknowledged and taken seriously.
The basic problems of pricing inaccuracies, order mix-ups, and other product-related concerns are covered in the scripts that follow. when a wrong mailing address is typed. It appears that your order was sent to the incorrect address. I apologize for it. Another is being sent to your address, and it ought to show up there within the next week.
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