Answer:
FV= $7,930.76
Explanation:
Giving the following information:
Annual deposit= $1,760
Annual interest rate= 8%
Number of periods= 4 years
To calculate the future value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {1,760*[(1.08^4) - 1]} / 0.08
FV= $7,930.76
Different customer statement types are available to suit different client situation. Heather wants to help hendatud unpaid invoices, unapplied payments, and Credit Memos. Which statement type should she choose?
A. Balance Forward
B. Open Item
C. Transaction Statemont
D. Client Open Balance
Answer:
B. Open Item
Explanation:
The open item of creditor side in accounting means the expenses or invoices that are still open from a supplier and the payment has not made i.e. it is open and would be settled and it is predicted to be settled on the last date
So as per the given situation, the option B is correct
And, the rest of the options are wrong
Therefore the same is relevant
A manager at Strateline Manufacturing must choose between two shipping alternatives: two-day freight and five-day freight. Using five-day freight would cost $200 less than using two-day freight. The primary consideration is holding cost, which is $8 per unit a year. 2,400 items are to be shipped. Which alternative would you recommend
Answer:
Two day freight
Explanation:
Calculation for Which alternative would you recommend
H = $8 per item per year (2,400item) = $19,200per year.
d = 3 days
Incremental holding cost = $19,200 (3/365) = $157.8
Based on the above calculation This is Lower tham the savings that would result by using five-day freight. Therefore, use Two day freight.
Calculate Net Pay
Enter your gross pay, taxes, and deductions
below. Press calculate when you're ready.
Start period 02/01/2019
End period 02152019
Gross Pay
Gross Pay
$1,560.00
1,560.00
Earnings
Taxes
Deductions
$1.560.00
Federal (757) $118.09
Tax
FICA Medicare (1451 - 52262
294.37
FICA Social Security 16.2012 - 596.72
Deductions
State OK 13.650 - 55604
1,265.63
Total $2931
Calculate
Net Pay
Ok
Answer:
0
Explanation:
just did the module, there is no deduction cost
The calculated net pay is equal to 0
The formula for net pay is given as
Net pay = Gross pay - Deductions
The value for gross pay has been given to be = $1560
The value for deductions has also been given as = $1560
When we put these values into the formula:
Net pay = $1560 - $1560
= 0
Therefore we conclude that given a gross pay of 1560 and a deduction of 1560, the net pay is equal to 0
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A passenger on a cruise ship was injured by a rope thrown while the ship was docking. The passenger was sitting on a lounge chair on the third deck when she was struck by the weighted end of a rope thrown by an employee of Port Everglades, where the boat was docking. These ropes, or heaving lines, were being thrown from the dock to the second deck, and the passenger was injured by a line that was thrown too high. The trial court granted the cruise line’s motion for directed verdict on the ground there was no evidence that the cruise line knew or should have known of the danger. The cruise line contended that it had no notice that this "freak accident" could occur. What is the duty of a cruise ship line to its passengers? Is there liability here? Does it matter that an employee of the port city, not the cruise lines, caused the injury? Should the passenger be able to recover? Why or why not?
Answer:
Following are the solution to this question:
Explanation:
The crew is forbidden to connect with visitors on the ship. The protection of a ship holds the crew close watch day and night. It doesn't mean that dalliances don't happen, but if a crewman is caught and convicted, the next port seems to be the start of the ship. Therefore the traveler ought to be able to claim damages in this issue, nobody has informed the traveler of apparent danger.
Given the following data for the number of defects per spool of cable.
OBSERVATION
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Number of defects 2 3 1 0 1 3 2 0 2 1 3 1 2 0
a.
Determine three-sigma control limits using the above data. (Do not round intermediate calculations. Round your final answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required. Round up any negative control limit value to zero.)
UCL
LCL
b. Is the process in control?
Yes
No
Answer:
a.
UCL = 5.17
LCL = 0.00
b.) Yes
The process is in control
Explanation:
Number of observations = 14
Total number of defects = 2+3+1+0+1+3+2+0+2+1+3+1+2+0 = 21
X = (number of defects)/(observation)
X = 21/14
= 1.50
UCL = upper control limit
= X+z√X
= 1.5+3√1.5
= 1.5+3.674234614
= 5.17 to 2 decimal places
LCL = lower control limit
= X-z√X
= 1.5-3√1.5
= -2.17
= 0.00
B.)
From the above, we have the number of defects to be within the control limits of 0 to 5.17, therefore we can conclude that the process is in control
Gladstone Co. has expected sales of $352,000 for the upcoming month and its monthly break even sales are $332,500. What is the margin of safety as a percent of sales, rounded to the nearest whole percent
Answer: 5.54%
Explanation:
The margin of safety as a percent of sales will be calculated as:
= (Expected sales - Break even sales) / Expected sales
= ($352000 - $332500) / $352000
= $19500 / $352000
= 0.0554
= 5.54%
Museum curators are a tourism career.
A.
True
B.
False
Answer:
B.false
Explanation:
Curators are in charge of a collection of exhibits in a museum or art gallery. Their job is to build up collections, often in specialist areas. Curators develop ways in which objects, archives and artworks can be interpreted, through exhibitions, publications, events and audio-visual presentations.
BuyCo, Inc., holds 25 percent of the outstanding shares of Marqueen Company and appropriately applies the equity method of accounting. Excess cost amortization (related to a patent) associated with this investment amounts to $10,000 per year. For 2020, Marqueen reported earnings of $100,000 and declares cash dividends of $30,000. During that year, Marqueen acquired inventory for $50,000, which it then sold to BuyCo for $80,000. At the end of 2020, BuyCo continued to hold merchandise with a transfer price of $32,000. What Equity in Investee Income should BuyCo report for 2020
Answer:
$12,000
Explanation:
Calculation for What Equity in Investee Income should BuyCo report for 2020
Equity income accrual $25,000
($100,000 × 25%)
Less: deferral of intra-entity unrealized gross profit ($3,000)
Less: Patent amortization ($10,000)
Equity in investee income $12,000
Calculation for Intra-entity unrealized gross profit
Profit within remaining inventory $12,000
× Ownership percentage 25%
Intra-entity unrealized gross profit 3,000
($12,000*25%)
Therefore Equity in Investee Income should BuyCo report for 2020 is $12,000
51. Baxter Company, which pays a 10% commission to its salespeople, reported sales
revenues of $210,000 for the period just ended. If fixed and variable sales expenses totaled
$56,000, what would these expenses total at sales of $168,000?
What is the purpose of the loans made by the World Bank?
promote sustainable development
stabilize the currency exchange market
generate revenue for the united nations
get countries to accept free trade policies
Answer: promote sustainable development
Explanation:
The purpose of the loans made by the World Bank is to promote sustainable development.
The World Bank is owned by many nations 187 countries and its main role is to help on the reduction of poverty, improve the people's standard of living and also bring about economic growth and development.
Decision making can be a difficult process if managers are not well-versed in recognizing and addressing various hindrances they face when attempting to make rational decisions. This activity is important because leadership and decision-making go hand-in-hand; decision making is one of the critical KSAOs you will need in order to be career-ready. The goal of this exercise is to test your knowledge of the hindrances to rational decision making. First, hover over each name and read the description. Next, click and drag each name to the appropriate place in the chart to correspond with the hindrance to decision making that its description best represents Broderick, as head of company benefits, is choosing a new healthcare plan for all of the company's employees. He has stacks of thick policy manuals on his desk reaching up to the ceiling. There is no way he can get through all of it alone. But he decides to do the best he can because he'd rather not take other benefits workers off of their already busy workloads.
Broderick The problems that need solving are often exceedingly complex, beyond understanding Tony There is not enough time or money to gather all relevant information. Jarrod Managers aren't all built the same way, of course, and all have personal limitations and biases that affect their judgment. Annice Managers have imperfect, fragmentary information about the alternatives and their consequences. Nickole There is too much information for ona narson to process
Question Completion:
Hindrances to Decision Making:
1. Information overload
2. Conflicting goals
3. Time and money constraints
4. Different cognitive capacity, values, skills, habits, and unconscious reflexes
5. Imperfect information
6. Complexity
7. Different priorities
Answer:
Hindrances to rational decision making
1. Broderick: The problems that need solving are often exceedingly complex, beyond understanding
Complexity
2. Tony: There is not enough time or money to gather all relevant information.
Time and money constraints
3. Jarrod: Managers aren't all built the same way, of course, and all have personal limitations and biases that affect their judgment.
Different cognitive capacity, values, skills, habits, and unconscious reflexes
4. Annice: Managers have imperfect, fragmentary information about the alternatives and their consequences.
Imperfect information
5. Nickole: There is too much information for one person to process
Information overload
Explanation:
a) Matching Hindrances to the above decision situations:
1. Information overload
2. Conflicting goals
3. Time and money constraints
4. Different cognitive capacity, values, skills, habits, and unconscious reflexes
5. Imperfect information
6. Complexity
7. Different priorities
Pureform, Inc., uses the weighted-average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow:
Units Materials Labor Overhead
Work in process inventory, beginning 65,000 $ 68,500 $ 5,700 $ 21,400
Units started in process 617,000
Units transferred out 610,000
Work in process inventory, ending 72,000
Cost added during the month $ 905,900 $ 70,524 $ 264,440
The beginning work in process inventory was 75% complete with respect to materials and 60% complete with respect to labor and overhead. The ending work in process inventory was 55% complete with respect to materials and 35% complete with respect to labor and overhead.
Required:
1. Compute the first department's equivalent units of production for materials, labor, and overhead for the month.
2. Determine the first department's cost per equivalent unit for materials, labor, and overhead for the month. (Round your answers to 2 decimal places.)
Answer:
Part 1
The first department's equivalent units :
Materials = 649,600 units
Labor = 635,200 units
Overheads = 635,200 units
Part 2
The first department's cost per equivalent unit :
Materials = $1.50
Labor = $0.12
Overheads = $0.45
Explanation:
It is important to note that the weighted-average method is being used in Pureform, Inc process costing system.
This method focuses on the units completed and transferred and units in closing work in process to calculate the equivalent units of production.
The total cost on which to base the unit cost comprises of cost in Opening Work In Process and the Manufacturing cost incurred during the production period
The first department's equivalent units
Equivalent units = Units Completed and transferred + Units in Closing Work in Process × Percentage of Completion
Therefore,
Materials = 610,000 + 72,000 × 55% = 649,600 units
Labor = 610,000 + 72,000 × 35% = 635,200 units
Overheads = 610,000 + 72,000 × 35% = 635,200 units
The first department's cost per equivalent unit for materials, labor, and overhead
Cost per equivalent unit = Total Cost ÷ Total Equivalent Units
Therefore,
Materials = ($ 68,500 + $ 905,900) ÷ 649,600 units
= $1.50
Labor = ($ 5,700 + $ 70,524) ÷ 635,200 units
= $0.12
Overheads = ($ 21,400 + $ 264,440) ÷ 649,600 units
= $0.45
When Dorothy had children, she decided to quit her job in advertising to stay home and raise them until they went to grade school. * 10 points a. Employed b. Unemployed c. Out of the labor force
Answer: Out of labor force
Explanation:
The above scenario shows that Dorothy is out of the labor force. The labor force is made up of those that are employed and have a job and those that are unemployed but are searching for job.
In this case, Dorothy left her job to cater for her child and is not looking for a job. This shows that she is out of the labor force.
The process specifications are 12.45 and 13.45 minutes. Based on the data given, does it appear that specifications are being met?
Sample 1 Sample 2 Sample 3 Sample 4 Sample 5
12.5 13.4 13.0 13.2 12.9
12.7 13.2 13.6 12.7 13.5
12.9 13.0 13.3 13.3 13.2
13.2 13.1 13.4 12.7 13.2
Totals 51.4 52.7 53.2 51.9 52.7
a. Yes
b. No
Answer:
a. Yes
Based on the data given, it appears that specifications are being met.
Explanation:
a) Data and Calculations:
Sample 1 Sample 2 Sample 3 Sample 4 Sample 5 Average
12.5 13.4 13.0 13.2 12.9 65 13.00
12.7 13.2 13.6 12.7 13.5 65.7 13.14
12.9 13.0 13.3 13.3 13.2 65.7 13.14
13.2 13.1 13.4 12.7 13.2 65.6 13.12
Totals 51.4 52.7 53.2 51.9 52.7 261.9 52.4
Average 12.85 13.17 13.3 12.97 13.17 13.1
b) Using the law of averages, the process specifications of 12.45 and 13.35 minutes were not exceeded under any sample type. Therefore, it can be concluded that the process specifications are being met.
Which of the following usually carries the highest interest rates?
Answer:
What is the following?
After listening to the talk or speech (select any one speech if you listened to more than one), write why you think the speaker is so effective. What
are some of the verbal and nonverbal techniques that the speaker uses to connect with the audience?
Explanation:
Attracting and integrating the audience is essential for a speech to be effective, for this there are verbal and non-verbal techniques that the speaker uses to capture the audience's attention.
It is essential that before speaking, there is a plan aligned to your audience, the speaker needs to know who your audience is, their characteristics, age, gender, etc., so that there is an adequacy of how their words can attract that audience specifically. Therefore, prior to any verbal or non-verbal technique, the speaker's prior preparation is necessary, he must have mastery of what he will speak, be sure of himself, cordial with people and know how to use the stage properly, so that his presence is properly noticed and it’s the main point of getting the audience’s attention.
It is also interesting to use everyday terms and situations that convey public identification, to make the lecture more flexible and less formal when possible.
Currently there are technological resources that also help the lecture to become more dynamic and less boring ... the speaker can use excerpts from videos, impact phrases, images, etc.
Answer:
(Answers may vary. The response below indicates the kind of details that you should include in your answer.)
The speaker spoke very clearly and passionately.
The language used was easy to understand, yet powerful.
The speaker effectively used voice modulation and pauses.
The speaker highlighted important points by emphasizing certain words while speaking.
The purpose of the speech came across very strongly.
The facial expressions and body language matched the intensity of the speech.
The speaker used hand gestures effectively to emphasize certain points.
The speaker made eye contact with the audience.
Explanation:
A cement manufacturer has supplied the following data:
Tons of cement produced and sold 235,000
Sales revenue $939,000
Variable manufacturing expense $255,000
Fixed manufacturing expense $289,000
Variable selling and administrative expense $120,600
Fixed selling and administrative expense $85,000
Net operating income $189,400
The company's contribution margin ratio is closest to:_________
a) 42.1%
b) 69.2%
c) 60.0%
d) 20.2%
Salespeople called ________ typically answer simple questions, take orders, and complete transactions with customers. inside order takers
Answer:
B) inside order takers
Explanation:
These are the options for the question
A)managers B) inside order takers C)directors D)outside order takers
Inside order-takers activities can be associated with that of a retail sales assistant. They are available to serve any customer that patronize. It should be noted that Salespeople called inside order takers typically answer simple questions, take orders, and complete transactions with customers.
Skills USA offers the opportunity to practice information technology skills.
A.
True
B.
False
Alex is the Chief Executive Officer (CEO) of a large corporation. Alex has excellent management skills, but has little financial expertise. When the firm is caught inflating its profits on its financial statements, Alex claims he was unaware of any financial issues. Alex will most likely
Answer:
be liable for any material misrepresentations in the financial statements since the Sarbanes Oxley Act does not allow CEOs or CFOs to simply say that they were not aware of them or that they did simply didn't have the required financial skills. If any stakeholder or government agency negatively affected by this sues Alex, he will probably lose.
The European Union (EU) bans the importation of hormone-fed U.S. beef and bioengineered corn and soybeans on safety grounds although Americans eat this food every day. This ban is so consumers in the EU will buy domestic beef and products made from domestically produced corn and soybeans. This ban is an example of: Group of answer choices ethnocentricity free trade protectionism dumping countertrading
Answer:
Protectionism
Explanation:
This ban is an example of Protectionism. Protectionism is the practice undertaken by the Government to exercise restrictions over the imports or discourage the same from other countries, by way of levying high taxes upon the imports, charging import tariffs or having the quotas for the importing of goods.
Instructions
A new client has come to your architectural office, to discuss ideas of her families new residence. She is moving to Colorado from a rural area in southern Georgia to take a
new job. She has not yet decided whether to build a home or buy an existing one. The client is about 35 years ols and has three children, ages 9, 5 and 2.
When you ask about her family's priorities, she tells you that the home must be close to good schools and daycare facilities. Although her new job is downtown, she does not
want to live downtown because she thinks that would be too big of a change for her children. She wants a house with at least three bedrooms, with room for expansion
Given this preliminary information, answer the following questions.
HELP!!!
Match each type of tariff with its purpose.
?
Earn money for the
government
Protective tariff
?
Help domestic producers
Revenue tariff
?
Engage in a trade war
Retaliatory tariff
(a p e x)
Answer:
Earn money for the government
Revenue tariff
Help domestic producers
Protective tariff
Engage in a trade war
Retaliatory tariff
Explanation:
A tariff is a duty or tax that is put on an imported good. There are various types of tariffs which have their specific functions.
A Retaliatory tariff is a type of tariff placed by a government on another government in retaliation as a form of trade war.
A protective tariff is a type of tariff that aims to protect domestic producers, while a revenue tariff is the type of tariff that earns money for the government.
Answer:
revenue earn money for the government
protective tariff help domestic producers
retaliatory tariff engage in a trade war
Explanation:
In two years, you will receive the 1st payment from an irrevocable trust your grandparents set up. The trust is set up make payments forever. The appropriate discount rate is 2.0%. The 1st payment is for $500 and the payments will increase by 1.0% per year every year thereafter. The present value of all the future trust payments is closest to:
Answer:
$50,000
Explanation:
Note: There is an assumption that the payment is yearly payment & is received at the end of every year
Present Value of Perpetuity = Payment Receivable in 1st year/ (Discount rate - Growth rate)
Present Value of Perpetuity = 500/(2%-1%)
Present Value of Perpetuity = 500/0.01
Present Value of Perpetuity = $50,000
So, the present value of all the future trust payments is closest to $50,000
when you are on assignment and the job site supervisor asks you to do something from or in addition to your original job descriptipon, you should:
Question Completion with options:
1. Call your Employment Service Representative and get approval before doing it.
2. Not risk angering the client and do it, but be extremely careful.
3. Tell the job site supervisor to "forget it" and immediately walk off the job.
4. All of the above.
Answer:
When you are on assignment and the job site supervisor asks you to do something from or in addition to your original job description, you should:
1. Call your Employment Service Representative and get approval before doing it.
Explanation:
It is not every task that you are assigned outside your original job description that you should accept to execute. You must do a balancing act to differentiate tasks that distract you from your originally assigned responsibilities from those that will simultaneously enhance your career and your employer's interest. The tasks which provide you with good learning opportunities should be accepted. But those tasks that lead to burnout and stress should not be taken without proper consultation and re-consideration of employment terms.
HELPPP!!! It is easy for a company to make a few changes in its practice to create the appearance of sustainability but very difficult to infuse their entire business model with a philosophy of sustainability.
True or False
TYSM!!
Answer:
true but really depends on company
Explanation:
Answer:True
Explanation:
This is for ACC 556
The Novak Company has just completed a physical inventory count at year end, December 31, 2022. Only the items on the shelves, in storage, and in the receiving area were counted and costed on the FIFO basis. The inventory amounted to $75,500. During the audit, the independent CPA discovered the following additional information:
(a) There were goods in transit on December 31, 2022, from a supplier with terms FOB destination, costing $9,700. Because the goods had not arrived, they were excluded from the physical inventory count.
(b) On December 27, 2022, a regular customer purchased goods for cash amounting to $950 and had them shipped to a bonded warehouse for temporary storage on December 28, 2022. The goods were shipped via common carrier with terms FOB shipping point. The customer picked the goods up from the warehouse on January 4, 2023. Novak Company had paid $475 for the goods and, because they were in storage, Novak included them in the physical inventory count.
(c) Novak Company, on the date of the inventory, received notice from a supplier that goods ordered earlier, at a cost of $3,700, had been delivered to the transportation company on December 28, 2022; the terms were FOB shipping point. Because the shipment had not arrived on December 31, 2022, it was excluded from the physical inventory.
(d) On December 31, 2022, there were goods in transit to customers, with terms FOB shipping point, amounting to $770 (expected delivery on January 8, 2023). Because the goods had been shipped, they were excluded from the physical inventory count.
(e) On December 31, 2022, Novak Company shipped $3,000 worth of goods to a customer, FOB destination. The goods arrived on January 5, 2023. Because the goods were not on hand, they were not included in the physical inventory count.
(f) Novak Company, as the consignee, had goods on consignment that cost $3,300. Because these goods were on hand as of December 31, 2022, they were included in the physical inventory count.
Analyze the above information and calculate a corrected amount for the ending inventory.
Corrected inventory $enter corrected inventory in dollars
Landlord-Tenant relationships are established by lease contracts. State the Rights and Duties of the Landlord-Tenant Relationship (Possession, Use and Maintenance, etc.). What are Transferring Rights to Leased Property? Explain an Assignment; a Sublease.
Answer: The landlord would have to make the environment conducive for leaving and the tenant would have pay rent and refrain from causing problems
Explanation:
The landlord and tenant have rights and duties to perform. The main duty of the landlord is to meet the warranty of habitability; ensuring the premises is safe and is in livable condition.
Whereas the duty of the tenant is to pay rent, ensure the environment occupied is neat, avoid causing problems for individuals around and refrain using the property for illegal purpose.
The right transferred by lease is an agreement by the tenant (the assignor) to transfer all of his or her rights, title, and interest in the lease to another person (the assignee).
A sublease is the lease of a property by a tenant to a subtenant.
in a paragraph of 125 words, describe a vocational program you might be interested in completing. Explain what you
find Interesting about the vocation you selected. Be sure to Include Information about the specific skills it requires, and
the level of education or training needed to be qualified to get a job In the vocation you select.
Explanation:
Those who might love to participate in a program in vocational design. Those who like me, I am a lovely girl, or in my education, Architecture School, where we learn a great deal about layout, that kind of curriculum is really common.
This sort of software can be really useful to me so I can get the realistic knowledge I need for it. I will improve my stitching, tailoring, textile painting, clothing drawing, clothing and image photocopying skills, and much more.
According to the principle of comparative advantage, trade between two countries will benefit Group of answer choices
Answer: D. Both countries
Explanation:
The options include:
A. neither country
B. the country with lower production costs
C. the country with higher production costs
D. both countries
Comparative advantage occurs when a particular country produces a certain goods based on the fact that it has a lower opportunity cost of its production when compared to the other country. This typically occurs in international trade.
Comparative advantage is beneficial to both countries that are involved as the countries purchase the goods that it doesn't have a comparative advantage in from the other country.