The following items were selected from among the transactions completed by Sherwood Co. during the current year:
Mar.
1 Purchased merchandise on account from Kirkwood Co., $175,000, terms n/30.
31 Issued a 30-day, 6% note for $175,000 to Kirkwood Co., on account.
Apr.
30 Paid Kirkwood Co. the amount owed on the note of March 31.
Jun.
1 Borrowed $400,000 from Triple Creek Bank, issuing a 45-day, 5% note.
Jul.
1 Purchased tools by issuing a $45,000, 60-day note to Poulin Co., which discounted the note at the rate of 7%.
16 Paid Triple Creek Bank the interest due on the note of June 1 and renewed the loan by issuing a new 30-day, 6% note for $400,000. (Journalize both the debit and credit to the notes payable account.)
Aug.
15 Paid Triple Creek Bank the amount due on the note of July 16.
30 Paid Poulin Co. the amount due on the note of July 1.
Dec.
1 Purchased equipment from Greenwood Co. for $260,000, paying $40,000 cash and issuing a series of ten 9% notes for $22,000 each, coming due at 30-day intervals.
22 Settled a product liability lawsuit with a customer for $50,000, payable in January. Accrued the loss in a litigation claims payable account.
31 Paid the amount due to Greenwood Co. on the first note in the series issued on December 1.
Required:1. Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year.2. Journalize the adjusting entry for each of the following accrued expenses at the end of the current year (refer to the Chart of Accounts for exact wording of account titles):a. Product warranty cost, $80,000.b. Interest on the nine remaining notes owed to Greenwood Co. Assume a 360-day year.help needed please
Answers
Answer:
Sherwood Co.
1. Journal Entries:
March 1:
Debit Purchases $175,000
Credit Accounts Payable (Kirkwood Co.) $175,000
To record purchase of merchandise on account, terms, n/30.
March 31:
Debit Accounts Payable (Kirkwood Co.) $175,000
Credit Notes Payable (Kirkwood Co.) $175,000
To record issue of a 30-day, 6% note.
April 30:
Debit Notes Payable (Kirkwood Co.) $175,000
Debit Interest on Notes $875
Credit Cash Account $175,875
To record settlement of note and interest.
June 1:
Debit Cash Account $400,000
Credit Bank Note Payable (Triple Creek Bank) $400,000
To record 45-day, 5% bank note.
July 1:
Debit Equipment (Tools) $45,000
Credit Notes Payable (Poulin Co.) $45,000
To record purchase of tools and issue of 60-day note.
July 16:
Debit Interest on Bank Notes $2,500
Credit Cash Account $2,500
To record payment of interest due.
July 16:
Debit Bank Note Payable (Triple Creek Bank) $400,000
Credit Bank Note Payable (Triple Creek Bank) $400,000
To record loan renewal with issue of a new 30-day, 6% note.
August 15:
Debit Bank Note Payable (Triple Creek Bank) $400,000
Debit Interest on Notes $2,000
Credit Cash Account $402,000
To record payment on amount due.
Dec. 1:
Debit Equipment $260,000
Credit Cash Account $40,000
Credit Notes Payable (Greenwood Co.) $220,000
To record purchase of equipment and issue of a series of ten 9% notes for $22,000 each, due at 30-day intervals.
Dec. 22:
Debit Litigation Loss $50,000
Credit Litigation Claims Payable $50,000
To record a product liability lawsuit settled.
Dec. 31:
Debit Notes Payable $22,000
Debit Interest on Notes $165
Credit Cash Account $22,165
To settle note issued.
2) Adjusting Entries:
a) Product Warranty Cost
Debit Product Warranty $80,000
Credit Product Warranty Payable $80,000
To record accrued product warranty cost.
b) Interest on remaining notes to Greenwood Co.
No journal entries required.
Explanation:
a) The interests on remaining notes to Greenwood Co. are not yet due for payment as at December 31, and so do not require to be accrued.
b) Journal entries are used to record business transactions as they occur daily and individually. They show which accounts are to be debited and which are to be credited in the General Ledger. Journals are books of original entry. This means that they first capture each transaction in the books of accounts.
c) Adjusting entries are entries made to accrue revenue and expenses in order to comply with the accrual concept and matching principle of US GAAP.
d) Product warranty cost is the amount charged to expense only when warranty costs are incurred under a warranty program, or it may be set up as an allowance, where a standard amount is charged to expense each month.
The journal entries are referred to as the entries that help the firm to record the various economic transactions of it whether it is in cash or out cash. The transactions are recorded and then evaluated as per the book of entries. Those transactions are called entries because they are entered at a particular date and event.
The journal entries have been attached below.
To know more about the journal entries, refer to the link below:
https://brainly.com/question/16152590
Related Questions
Now create your activity report by filling in the template provided below. (Note: You can copy and paste the template into a new document or recreate the template in a new document that you will submit to your teacher with this worksheet.) Imagine this week you finished setting up a spreadsheet to track current projects and compared prices from two different office supply companies. (3 points)
Answers
A business activity report simply means a document which is used by an economic entity to list down tasks, and other activities.
Your information isn't complete as the template isn't given. Therefore, an overview of an activity report will be given. It's simply used for listing tasks.
In order to write an activity report, the person should click on the reports tab, click on new report button, click on activities folder, click on tasks, and click the create button.
Learn more about activities on:
https://brainly.com/question/2770784
What is the purpose of every item in the SHARKS mnemonic?
Answers
The purpose of every item in the SHARKS mnemonic is:
S – state the agenda before you start your meeting;
H – hijackers will be at your meeting, so watch out;
A - adding relevant information is the key to a good meeting;
R – repeat the agenda at the end of the meeting;
K - keep the meeting small and short;
S - scheduling should be outside the meeting.
What is the significance of a mnemonic?A mnemonic can be referred to or considered as a tool of the English language wherein the initial letters of a concept are used to easily memorize the concept effectively.
In the given condition above, the mnemonic of SHARK is used as an effective memory tool for memorizing the purpose behind each initial in a meeting of intelligence department.
Therefore, the significance regarding mnemonic is aforementioned.
Learn more about a mnemonic here:
https://brainly.com/question/6280268
#SPJ1
A company had issued 10,000 bonds which had a par value of $50 and currently sold at $60. The company is expected to pay 10% interest for the next 5 years. In addition to this the preferred stock of the company is issued at $150 which a promised dividend of 8 per share. The common stock holders will receive $2 per share and this will grow T 8% for the first 3 years, 6% for the other 3 years and it will grow at 5% for indefinite period. Assume the tax rate is 35%. The capital structure of the company is composed of 600,000 common stock, 200,000 preferred stock and 100,000 is debt.
A) Find the cost of capital for each sources A) Find the weighted average cost of capital
Answers
To calculate the cost of capital for each source, we'll consider the cost of debt, cost of preferred stock, and cost of common stock.
1. Cost of Debt:
The cost of debt is the interest rate the company pays on its debt. In this case, the company has issued bonds with a par value of $50, currently selling at $60, and a coupon rate of 10% for 5 years.
Cost of Debt = (Interest Expense / (Bonds Market Value - Bond Discount)) * (1 - Tax Rate)
Interest Expense = Bonds Market Value * Coupon Rate
Bonds Market Value = Number of Bonds * Bond Selling Price
Number of Bonds = 10,000
Bond Selling Price = $60
Coupon Rate = 10%
Tax Rate = 35%
Interest Expense = $60 * 10,000 * 10% = $60,000
Bonds Market Value = 10,000 * $60 = $600,000
Bond Discount = Par Value - Bond Selling Price = $50 - $60 = -$10 (Negative value because the bond is selling at a premium)
Cost of Debt = ($60,000 / ($600,000 - (-$10))) * (1 - 0.35) = $6,000 / $600,010 * 0.65 = 0.064997 (approximately 6.50%)
2. Cost of Preferred Stock:
The cost of preferred stock is the dividend rate the company pays on its preferred stock. In this case, the preferred stock is issued at $150 with a promised dividend of $8 per share.
Cost of Preferred Stock = Dividend / Preferred Stock Price
Dividend = $8
Preferred Stock Price = $150
Cost of Preferred Stock = $8 / $150 = 0.053333 (approximately 5.33%)
3. Cost of Common Stock:
The cost of common stock is calculated using the dividend growth model. The dividend is expected to grow at different rates for different periods.
First 3 years: Dividend Growth Rate = 8%
Next 3 years: Dividend Growth Rate = 6%
Indefinite period: Dividend Growth Rate = 5%
Cost of Common Stock = Dividend / Current Stock Price + Growth Rate
Dividend = $2
Current Stock Price = Market Price
Growth Rate = Dividend Growth Rate
Cost of Common Stock = $2 / Market Price + Growth Rate
Weighted Average Cost of Capital (WACC):
The weighted average cost of capital is the weighted average of the costs of each source of capital, considering their respective proportions in the capital structure.
WACC = (Weight of Debt * Cost of Debt) + (Weight of Preferred Stock * Cost of Preferred Stock) + (Weight of Common Stock * Cost of Common Stock)
Weight of Debt = Debt / Total Capital
Weight of Preferred Stock = Preferred Stock / Total Capital
Weight of Common Stock = Common Stock / Total Capital
Debt = $100,000
Preferred Stock = $200,000
Common Stock = $600,000
Total Capital = Debt + Preferred Stock + Common Stock = $100,000 + $200,000 + $600,000 = $900,000
Weight of Debt = $100,000 / $900,000 = 0.111111 (approximately 11.11%)
Weight of Preferred Stock = $200,000 / $900,000 = 0.222222 (approximately 22.22%)
Weight of Common Stock = $600,000 / $900,000 = 0.666667 (approximately 66.67%)
WACC = (0.111111 * 6.50%) + (0.222222 * 5.
The cost of capital for each source can be calculated by determining the cost of debt, cost of preferred stock, and cost of common equity. The cost of debt is 8.33%, the cost of preferred stock is 5.33%, and the cost of common equity is 14.77%.
To find the cost of capital for each source, we will calculate the cost of debt, cost of preferred stock, and cost of common equity.
The cost of debt can be calculated using the formula: Cost of Debt = (Annual Interest Payment / Bond Price) x 100%. In this case, the bond price is $60 and the annual interest payment is 10% of the bond's par value of $50, so the cost of debt is (0.10 * $50 / $60) x 100% = 8.33%.
The cost of preferred stock can be calculated using the formula: Cost of Preferred Stock = Dividend / Stock Price. In this case, the dividend is $8 per share and the stock price is $150, so the cost of preferred stock is $8 / $150 = 5.33%.
The cost of common equity can be calculated using the Dividend Discount Model (DDM) formula: Cost of Common Equity = Dividend / Current Stock Price + Growth Rate. The growth rate for the first 3 years is 8%, for the following 3 years is 6%, and for an indefinite period is 5%. The dividend for common stock is $2 per share. The current stock price can be calculated using the market value of the common stock ($2 * 600,000 = $1,200,000) divided by the number of shares (600,000), which equals $2 per share. The cost of common equity is $2 / $2 + 0.08 + 0.06 + 0.05 = 14.77%.
Learn more about Cost of Capital here:https://brainly.com/question/37826404
#SPJ2
Which of the following is true of contingent workers?
a.They perform better than permanent employees.
b.They have a highly specialized knowledge base.
c.They always have equal access to employee benefits.
d.Their use requires careful planning.
e.They attract high starting salaries.
Answers
Answer:
d. Their use requires careful planning.
Explanation:
Contingent workers, also known as temporary or contract workers, are employees who work on a temporary or flexible basis, typically without the same level of job security and benefits as permanent employees. The statement "Their use requires careful planning" is true because organizations need to carefully plan and manage their contingent workforce, including recruitment, onboarding, assignment of tasks, and monitoring, due to the temporary and often project-based nature of their work arrangements. This includes considerations such as determining the appropriate number of contingent workers needed, identifying the right skill sets for the job, and managing their contracts and performance effectively. Proper planning is important to ensure that contingent workers are integrated smoothly into the workforce and can contribute to the organization's goals and objectives.
Answer:
Their use requires careful planning because a business mainly companies operate on basis of plans made by workers ...
9) Is homelessness ever a good thing? What exactly is a home?
Answers
How do answer this question?
Answers
To calculate the Percent change the formula applied as
A. Percent Change = ((New Value - Old Value)/Old Value) x 100
Year 2: ((66-60)/60) x 100 = 10.00%
Year 3: ((72-66)/66) x 100 = 9.09%
Year 4: ((81-72)/72) x 100 = 12.50%
Year 5: ((94-81)/81) x 100 = 16.05%
Year 6: ((160-94)/94) x 100 = 70.21%
Year 7: ((270-160)/160) x 100 = 68.75%
Year 8: ((450-270)/270) x 100 = 66.67%
B. Calculation of percent change for the entire period
Percent Change = ((Final Value - Initial Value)/Initial Value) x 100
((450-60)/60) x 100 = 650.00%
C. Based on the information presented, it is difficult to say whether this is a bubble or not. While there are significant percentage gains during the eight-year period, meanwhile fluctuation is also observed in percent change.
Learn more about Percent Change, here:
https://brainly.com/question/29835344
#SPJ1
If you deposit $100.00 into a savings account EACH month, how much
will you have at the end of the year if your account pays 6%
Answers
Answer:
100×12=1200
1200×6%=72
1200+72=1272
Fine-Cut Meats (Pty) Ltd purchased a delivery vehicle of R150 000 on 1 June 2021 on credit. The
owner was advised that the residual value of this truck is estimated at R30 000. The diminishing
depreciation method was adopted by the company in utilising assets over five years.
On 1 September 2021 the owner replaced equipment. The new equipment amounts to R45 000.
The replaced equipment was purchased on 1 January 2018 for R30 000 and sold for R5 000. The
company uses the straight-line depreciation method over a period of four years to report on
equipment.
Required:
Disclose the property, plant and equipment note in the financial statements of Fine-Cut Meats
(Pty) Ltd the year ended 31 December 2021 (25)
Answers
Total Liabilities & Shareholder's Equity 11280,00
How to represent the Income Statement?
Income Statement
Sales 4100,00
Less: Cost of Goods sold -1500,00
Gross Profit 2600,00
Less: Operating Expenses -980,00
Net Income 1620,00
Financial Statement
Assets
Current Assets:
Trade Debtors 640,00
Cash and Bank 3100,00
Prepaid Expenses 45,00
Total Current Assets 3785,00
Non Current Assets:
Plant & Machinery (5300,00 - 150,00) 5150,00
Motor Vehicles (1900,00-70,00) 1830,00
Office Furniture (550,00-35,00) 515,00
Total Non Current Assets 7495,00
Total Assets 11280,00
Liabilities & Shareholder's Equity
Current Liabilities:
Trade Creditors 1590,00
Total Current Liabilities 1590,00
Shareholder's Equity
Ordinary Shares 1200,00
Preference Shares 800,00
Retained Earnings (6070,00+1620,00) 7690,00
Total Shareholder's Rquity 9690,00
Total Liabilities & Shareholder's Equity 11280,00
Read more about equity here:
https://brainly.com/question/30397975
#SPJ1
Melanie is ramping up for big sales this summer at the store. This week was the sidewalk sale in town, and things were hopping. There were sales throughout the store and a big run on supplies.
Thursday, August 13, 2026
There were several small sales paid with cash; create a customer called Daily Sales and post a sales receipt, 2026, for 12 Fresh Flower Bouquets.
Jennifer Brown placed an order for Bridal Flowers; she’ll come back and pay in 15 days, invoice 2027.
Cheque 239 came in the mail to pay the outstanding invoice for H2H Medical Arts for May 29.
Received bill A-175 from Flower Growers Corp for $565 (account/category: Flower Purchases and Supplies). It is due in 30 days.
Paid for a delivery of a small cooler and some bottled water to keep on hand; $205.19 with TD VISA card (account/category: Office expenses).Paid for a push broom and bathroom supplies at Office Team with the TD VISA; $117.55 (account/category: Office expenses)
.Paid for a push broom and bathroom supplies at Office Team with the TD VISA; $117.55 (account/category: Office expenses).
Answers
The vendor issues a sales receipt at the time of the transaction as proof of the goods or services delivered and the price the customer paid.
What format do you use to record daily sales transactions?When using a columnar sales register instead of a cash register, you can record cash receipts on a daily cash sheet and sales on a sales register. Just a log of all the sales made that day, the sales register is.
How do cash sales and receipts differ from one another?It's not necessary to get actual cash while making a cash deal. in thes the the the the the the. a the. of the of the bank. the be thes. As credit is not given out by the seller, this is what sets it apart.
To know more about sales receipt visit :-
https://brainly.com/question/29833632
#SPJ1
Goodwill:
is an intangible asset that is tested annually for impairment.
is an intangible asset that is always amortized.
appears as an expense on the income statement when a company buys an entire business unit.
ООО
can appear on the balance sheet either as an asset or a liability.
is the difference between the purchase price of a business and the book value of the net assets.
Answers
Answer:
is the difference between the purchase price of a business and the book value of the net assets.
Explanation:
Goodwill comes about when an individual or a firm wants to acquire another business as a going concern. The acquiring entity usually pays more than the book value of the firm it is purchasing. The difference between the purchasing rate and the net worth of a firm is the goodwill.
Goodwill is an intangible asset. It covers benefits like a good reputation, existing customer base, ideal location, and trained staff that the acquiring entity will inherit from the previous owner.
Goods or services reach the marketplace through.
Answers
Answer:
Marketing Channels
Explanation:
Pentos International (PI) is in the heavy equipment industry. The debt rating for PI is AA, and the yield spread on AA-rated bonds for five-year maturity is 3% per year. The yield on a five-year treasury is 4% per year. The company recently announced that it would issue convertible bonds. The bonds will have no coupons and will have a maturity of five years and will pay $1000 at the end of five years. The bond can be converted to 20 shares of PI stock at the end of two years. The price of PI stock is $35. A call option on PI stock with an exercise price of $50 and maturity of five years is priced at $18. What is the fair value of the bond? Use simple compounding and ignore any dilution effects. Hint: Convertible bond price = (bond Price without options) + (Convertible Option)
Answers
Answer:
$1072.99
Explanation:
We have the
Risk Free Rate to be = 4%
Also, the Default Premium on AA Rated Bonds is = 3%
We calculate the YTM on AA Rated Bond as 4% + 3% = 7%
Maturity years = 5
Face Value, fv is given as = $1000
Price of Bond without option = 0 + fv / (1 + YTM)^Years to Maturity
= 1000 / (1 + 0.07)⁵ = $712.99
Next we calculate the Value of Conversion Option:
The Number of Shares that can be converted into is 20
Price of conversion= Fv / No. of Shares
= 1000 / 20 = $50
We have that a call option with 5 years to maturity with a strike price of $50 has its worth to be $18, so the conversion option is also going to be $18.
Value of Conversion Option = 20 x 18 = $360
Next we get the Fair Value of Convertible Bond:
= 712.99 + 360 = $1072.99
Therefore the Fair Value of Convertible Bond would be $1072.99
What should you do to streamline the purchasing process once the customer approves an estimate?
Answers
You should copy it to a purchase order.
I hope this helps!!!
Answer the following questions on the basis of the monopolist's situation is illustrated in the following graph.
a. At what output rate and price does the monopolist operate?
b. In the equilibrium, approximately what is the firm's total cost and total revenue?
c. What is the firm's economic profit or loss in equilibrium?
Answers
The following answers are based on a monopoly economy.
The output rate and the price at which the monopolist operates based on the graph is 100 quantities at $10.In the market equilibrium, the firm's total cost and total revenues are $750 and $1000 respectively. The firm's economic profit in the equilibrium is $250.What is a monopoly?A monopoly, as defined by Irving Fisher, is a market with "no competition," resulting in a scenario in which a certain individual or organization is the exclusive supplier of a given product.
To arrive at answer a, we need to recall that the equilibrium of a monopolist is when the Marginal Cost equals the Marginal Revenue and the Marginal Cost Curve (MC) cuts the Marginal Revenue Curve (MR ) from below.
At this point, the equilibrium output is 100, and the equilibrium price is $ 10 for every unit of production.
For the answer is b, given that the firm is producing 100 units of goods at an average total cost of $7.5 (derived from the point that aligns with MR = MC), therefore,
Total Cost = Equilibrium Output * ATC (Average Total Cost)
= 7.5 * 100
= $750
To arrive at answer c,
Recall that Economic profit is the difference between the money collected from the sale of a product and the expenses of all inputs utilized, as well as any opportunity costs, is the economic profit or loss.
Hence, Economic Profit = Total Revenue (TR) Less Total Cost (TC)
= $1000 - $ 750
= $250
Learn more about a monopoly:
https://brainly.com/question/13113415
#SPJ1
Select the correct answer how many justices must agree to an opinion for the Supreme Court to issue a decision
Answers
A majority of the justices, or five out of the nine on a full Court, must agree. The opinion has been written at this point. This is the court's judgment in writing.
What is the significance of the Supreme Court?In our system of government based on the Constitution, the Supreme Court is incredibly significant.
First and foremost, it acts as the final resort for anyone looking for justice because it is the nation's highest court. Second, it is crucial for ensuring that each arm of government understands the boundaries of its own authority because of its ability to conduct judicial reviews.
Third, it defends civil liberties and rights by overturning unconstitutional legislation. Finally, it establishes reasonable boundaries for democratic government by preventing popular majorities from passing legislation that discriminates against or unfairly benefits unpopular minorities.
Learn more about the Supreme Court, from:
brainly.com/question/1755400
#SPJ1
Problem 9-3 Withholding Methods (LO 9.1) Sophie is a single taxpayer. For the first payroll period in July 2020, she is paid wages of $2,200 monthly. Sophie claims one allowance on her pre-2020 Form W-4. Click here to access the withholding tables. IRS Publication 15-T, Federal Income Tax Withholding Method Pay period 2020 Allowance Amount Weekly $ 83 Biweekly 165 Semimonthly 179 Monthly 358 Quarterly 1,075 Semiannually 2,150 Annually 4,300 Round intermediate computations and your final answer to two decimal places. a. Use the percentage method to calculate the amount of Sophie's withholding for a monthly pay period. Sophie's withholding: $fill in the blank 276f67fd3f97003_1 b. Use the wage bracket method to determine the amount of Sophie's withholding for the same period. $fill in the blank 92701d098054043_1 c. Use the percentage method assuming Sophie completed a 2020 Form W-4 and checked only the single box in Step 1(c). $fill in the blank 75763bf84f9d024_1 d. Use the wage bracket method using the same assumptions in part c of this question. $fill in the blank 73d4ce04b013fc1_1
Answers
you own $750000 worth of stock, and you are worried the price may fall by year-end in 6 months. you are considering
Answers
Answer: D. I, II, and III
Explanation:
If expecting a price deduction, you can buy Put options. These give you the right to sell an underlying stock at a certain price regardless of what the price in the market is. If you purchased this, you can sell your stock above market value if it does go down.
You can sell write call options for a fee where you give the buyer the right to buy your shares at a certain price in future. This is only valuable if prices rise so as you are expecting prices to fall, you could make a premium on the call option contract fees if prices fall without having to sell off your shares.
Hedging with puts is better than short calls if you are expecting a major stock price decline as the opportunity for profit is higher.
Relative Valuation (45 min) X KNOWLEDGE CHECK On the chart below, if the earnings per share grew from 7.61 on December 31, 2018, to 7.82 on June 30, 2019, what would the implied earnings yield be?
Answers
The implied earnings yield be 4.1%.
Thus, the correct option is B.
What do you mean by earnings?The net advantages of a corporation's operations are its earnings. Additionally, earnings are the source of corporation tax obligations.
EBIT and EBITDA are two additional terms that are more specifically utilized for a study of certain areas of company operations. There are other other names for earnings that are frequently used, including income and profit.
Earnings are the sum of money that a person or organization receives over a specific time period.
They can be found on an income statement for a business and are used to gauge how profitable it is. Better financial performance is typically indicated by higher recurring earnings, which can also have a beneficial effect on stock values.
Learn more about earnings, here
https://brainly.com/question/28045589
#SPJ1
This chapter is all about trade--imports and exports and the balance of payments.
Answers
which of the following pieces of information will you find on the safety data sheet
walmart
Answers
Normally, the safety data sheet (SDS) for a product offered by Walmart will contain details regarding the risks associated with the product, including any potential physical risks or health impacts connected with its use or handling.
Additionally, it might contain details on the proper safety precautions or safeguards to use when utilizing the product, as well as first aid procedures to follow in the event of exposure or unintentional ingestion.
The SDS may also include details on the chemical makeup of the product, its characteristics, and any potential chemical interactions, as well as details on disposal and storage.
The specific information on the SDS will vary depending on the product in question and the laws governing its use and handling.
Here are some examples of the kinds of details you might discover on a safety data sheet:
A household cleaner might have a safety data sheet that details the product's chemical makeup, potential risks (including eye or skin irritation), and safety measures to take when using the product.
An SDS for a paint product may contain details on the chemicals used in the paint and any potential dangers.
An SDS for a product used in a laboratory setting may provide information on the possible health effects of the chemicals in the product and handling safety measures.
learn more about safety data sheet here
https://brainly.com/question/2471127
#SPJ1
the question is incomplete. the complete question is
What pieces of information will you find on the safety data sheet Walmart?
Southeast Systems has the following balance sheet and the income statement. The company had 10 million shares of common stock outstanding and its market price of the common stock was $78 at the end of 2014. Make sure the unit is in million dollars. (unit: $ in millions) Southeast Systems Balance Sheets 2013 2014 2013 2014 Cash $50 $100 Accounts payable $450 $500 Accounts receivable 600 700 Notes payable 300 400 Inventory 500 550 Long-term debt 650 650 Net fixed assets 1,000 1,000 Common equity 300 300 Retained earnings 450 500 Total Assets $2,150 $2,350 Total Liabilities & Owner’s Equity $2,150 $2,350 Income Statement 2014 Sales $2,370 Cost of goods sold 2,070 Depreciation 200 EBIT 100 Interest expenses 20 Taxable income 80 Taxes 28 Net income $52 Dividends $2 (1) What is the net cash flow from financing activity for 2014? (2) What is the total net increase in cash from 2013 to 2014?
Answers
Answer:
1) net cash flow from financing activities:
Dividends paid ($2,000,000)
Net cash flow from financing activities ($2,000,000)
No new stocks were issued, nor any new long term debt was taken.
2) total increase in cash from 2013 to 2014 was $50,000,000
there are two ways to calculate this:
ending balance of cash account 2014 - ending balance of cash account 2013 = $100 - $50 = $50 million
cash flow from operating activities = $52 + $$50 + $100 - $100 - $50 = $54
cash flow from investing activities = $0
cash flow from financing activities ($2)
net cash increase = $50 million
Explanation:
Southeast Systems Balance Sheets
2013 2014
Cash $50 $100
Accounts receivable 600 700
Inventory 500 550
Net fixed assets 1,000 1,000
Total Assets $2,150 $2,350
Accounts payable $450 $500
Notes payable 300 400
Long-term debt 650 650
Common equity 300 300
Retained earnings 450 500
Total Liabilities & Owner’s Equity $2,150 $2,350
Income Statement 2014
Sales $2,370
Cost of goods sold 2,070
Depreciation 200
EBIT 100
Interest expenses 20
Taxable income 80
Taxes 28
Net income $52
Dividends $2
Operational data changes _____, while analytic data is updated _____. in real time, at fixed intervals at fixed intervals, in real time at fixed intervals, per a schedule in real time, as it changes
Answers
Operational data changes per a schedule in real time, while analytical data is updated as it changes.
Discussion:
Scheduling is a very important tool to ensure less queueing in the operation of work systems. On this note, operational data changes per schedule in real time.
Analytical data on the other hand requires performing analysis on the product and as such, analytical data is updated as it changes.
Read more:
https://brainly.com/question/13286981
Market research can help you strategize your _______ and _______ goals.
Primary research is more _______ than secondary research.
Your first marketing priority is to find out if you can _______ your product or services.
The grouping of people for marketing purposes is called _______.
Once you find out what people want, there’s a need to know the _______ for their choices.
Answers
Market research can help you strategize your business and marketing goals.
Primary research is more specific and tailored to your specific needs than secondary research.
Your first marketing priority is to find out if you can sell your product or services.
The grouping of people for marketing purposes is called segmentation.
Once you find out what people want, there's a need to know the motivations for their choices.
Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.
By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.
Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.
While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.
When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.
Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.
Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.
By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.
Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.
By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.
For more question on research visit:
https://brainly.com/question/20365163
#SPJ8
Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below.
Information necessary to prepare the year-end adjusting entries appears below.
Depreciation on the office equipment for the year is $11,200.
Employee salaries are paid twice a month, on the 22nd for salaries earned from the 1st through the 15th, and on the 7th of the following month for salaries earned from the 16th through the end of the month. Salaries earned from December 16 through December 31, 2021, were $1,350.
On October 1, 2021, Pastina borrowed $52,400 from a local bank and signed a note. The note requires interest to be paid annually on September 30 at 12%. The principal is due in 10 years.
On March 1, 2021, the company lent a supplier $22,400 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2022.
On April 1, 2021, the company paid an insurance company $8,400 for a one-year fire insurance policy. The entire $8,400 was debited to prepaid insurance.
$830 of supplies remained on hand at December 31, 2021.
A customer paid Pastina $3,200 in December for 1,350 pounds of spaghetti to be delivered in January 2022. Pastina credited deferred sales revenue.
On December 1, 2021, $2,200 rent was paid to the owner of the building. The payment represented rent for December 2021 and January 2022 at $1,100 per month. The entire amount was debited to prepaid rent.
1. & 2. Post the unadjusted balances and adjusting entires into the appropriate t-accounts. (Enter the number of the adjusting entry in the column next to the amount. Do not round intermediate calculations. Round your final answers to nearest whole dollar.)
Answers
The unadjusted balances and adjusting entries are posted into the appropriate t-accounts of Pastina Company on December 31, 2021 as shown below.
T-Ledger accounts:
1. Debit Depreciation Expense $11,200
Credit Accumulated Depreciation on Office Equipment $11,200
2. Debit Salaries Expense $1,350
Credit Salaries Payable $1,350
3. Debit Interest Expense $1,572
Credit Interest Payable $1,572 ($52,400 x 12% x 3/12)
4. Debit Interest Receivable $1,493
Credit Interest Income $1,493 ($22,400 x 8% x 10/12)
5. Debit Insurance Expense $6,300
Credit Prepaid Insurance $6,300 ($8,400 x 9/12)
6. Debit Supplies Expense $1,470
Credit Supplies $1,470 ($2,300 - $830)
7. No adjustment required
8. Debit Rent Expense $1,100
Credit Prepaid Rent $1,100
Data and Analysis:
1. Depreciation Expense $11,200 Accumulated Depreciation on Office Equipment $11,200
2. Salaries Expense $1,350 Salaries Payable $1,350
3. Interest Expense $1,572 Interest Payable $1,572 ($52,400 x 12% x 3/12)
4. Interest Receivable $1,493 Interest Income $1,493 ($22,400 x 8% x 10/12)
5. Insurance Expense $6,300 Prepaid Insurance $6,300 ($8,400 x 9/12)
6. Supplies Expense $1,470 Supplies $1,470 ($2,300 - $830)
7. No adjustment required
8. Rent Expense $1,100 Prepaid Rent $1,100
Learn more about posting adjusting entries to the ledger at https://brainly.com/question/16912764
Match the technology with the appropriate task
Answers
Answer:
1. e-mail = send a message and an attached document to ten staff members
2. GPS = get directions to a destination
3. fax machine = send a copy of documents to another office
4. Web browser = search the Web for information
5. word processor = type a business letter
Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional
questions.
Online Content Site 1
This site shows the occupations with the highest expected growth rates over the period 2014 - 2024. Which occupation is expected
to grow at the highest percentage increase? Is this occupation also expected to have the largest increase in the number of jobs?
Explain.
Answers
Answer:
there's is no meaning to this question
Explain how each of the following events would affect the equilibrium price and quantity of new textbooks. (Explain which curve(s) would shift and in which direction(s).)
Answers
The events that would affect the equilibrium price and quantity of new textbooks include changes in production costs, shifts in student enrollment, changes in government policies etc.
How do these events impact the equilibrium price and quantity?The changes in production costs will shift the supply curve of new textbooks. If production costs increase, the supply curve would shift to the left resulting in decrease in the equilibrium quantity and an increase in the equilibrium price.
But if production costs decrease, the supply curve would shift to the right leading to an increase in the equilibrium quantity and a decrease in the equilibrium price of new textbooks.
Read more about equilibrium
brainly.com/question/517289
#SPJ1
Question 2
(10 Marks)
A company uses 15,000 units of stock item 6786 each year. The item has a purchase cost of R4 per
unit. The cost of placing an order for re-supply is R220. The annual holding cost of one unit of the item
is 10% of its purchase cost.
Data relating to stores item 6787 are as follows.
Daily use:
Lead time for re-supply:
Reorder quantity:
Required:
i.
ii.
300 Units
5-20 Days
10,000 Units
EOR
What is the economic order quantity for item 6786, to the nearest unit?
What would be the effect of an increase in the annual holding cost per unit on (1) the EOQ and (2)
total annual ordering costs?
What should be the reorder level for this stock item (6787), to avoid the possibility of inventory-outs"
Answers
1. The economic order quantity for item 6786 is approximately 2,568 units. If the annual holding cost per unit increases, the EOQ will decrease. The total annual ordering costs will also decrease if the annual holding cost per unit increases.
2. The reorder level for stock item 6787 should be set at 6,000 units to avoid the possibility of inventory-outs.
How did we arrive at these assertions?To calculate the economic order quantity (EOQ) for item 6786, we can use the following formula:
EOQ = √((2 × Annual Demand × Cost per Order) / Holding Cost per Unit)
Given the following data:
Annual Demand = 15,000 units
Cost per Order = R220
Holding Cost per Unit = 10% of R4 = R0.4
Substituting these values into the formula:
EOQ = √((2 × 15,000 × 220) / 0.4)
EOQ = √(6,600,000)
EOQ ≈ 2,568 units (to the nearest unit)
Therefore, the economic order quantity for item 6786 is approximately 2,568 units.
Effect of an increase in the annual holding cost per unit:
1) The EOQ: If the annual holding cost per unit increases, the EOQ will decrease. This is because a higher holding cost per unit means it becomes more expensive to hold inventory, and therefore, it is more cost-effective to order smaller quantities more frequently.
2) Total annual ordering costs: The total annual ordering costs will also decrease if the annual holding cost per unit increases. This is because the decrease in the EOQ will result in more frequent orders, leading to more ordering costs but less holding costs. The decrease in holding costs will outweigh the increase in ordering costs, resulting in a lower total.
Reorder level for stock item 6787 to avoid inventory-outs:
To calculate the reorder level, we need to consider the daily use and lead time for re-supply. The reorder level should be set to ensure that there is enough stock to cover the daily demand during the lead time.
Reorder Level = Daily Use × Lead Time for Re-supply
Given the following data:
Daily Use = 300 units
Lead Time for Re-supply = 5-20 days (let's take the maximum value, which is 20 days)
Reorder Level = 300 × 20
Reorder Level = 6,000 units
Therefore, the reorder level for stock item 6787 should be set at 6,000 units to avoid the possibility of inventory-outs.
learn more about economic order quantity: https://brainly.com/question/26814787
#SPJ1
10. The directors of KOKO Limited issued 100,000 ordinary shares of no-par value for GH¢10 each payable as follows: on application GH¢3 and on allotment GH¢7. All issued shares were fully subscribed and monies were paid. How much was paid on application? GH 1,000,000 B. GH 300,000 C. GH 400,000 D. GH 700,000
Answers
The correct answer is B. GH¢300,000 was paid on application for the 100,000 ordinary shares issued by KOKO Limited.
The total amount raised from the issuance of 100,000 ordinary shares is calculated by multiplying the number of shares by the issue price per share. In this case, the issue price per share is GH¢10. Therefore, the total amount raised would be 100,000 shares multiplied by GH¢10, which equals GH¢1,000,000. According to the information provided, the amount paid on application iGH¢3 per share. To determine the total amount paid on application, we multiply the amount paid per share by the total number of shares. Therefore, GH¢3 multiplied by 100,000 shares equals GH¢300,000. Therefore, the correct answer is B. GH¢300,000 was paid on application for the 100,000 ordinary shares issued by KOKO Limited.
For more question on shares
https://brainly.com/question/28452798
#SPJ8
The production of 0d submarines and 0a hospitals..
A) Increases the available resources
b) is productively efficient given the available resources
c) is productively impossible given the available resources
d) is productively ineffient given the available resources.
Answers
The production of 0d submarines and 0a hospitals is productively in effient given the available resources. The answer is OPTION D.
When a company isn't producing at its lowest possible cost per unit, it exhibits inefficient production. The average cost of production, or unit cost, is calculated by dividing all production costs by the quantity of units produced. An economy might produce a lot of boots with low manufacturing costs.
If they were all for the left foot, it would be allocatively inefficient because no one would profit from this. When a different resource allocation may boost output of any good by even one unit while maintaining the same level of other products, that resource allocation may be deemed inefficient.
To learn more about production, click here.
https://brainly.com/question/31859289
#SPJ1