Abbey Co. sold merchandise to Gomez Co. on account, $35,000, terms 2/15, net 45. The cost of the merchandise sold was $24,500. Abbey Co. issued a credit memo for $3,600 for merchandise returned that originally cost $1,700. Gomez Co. paid the invoice within the discount period. What is the amount of gross profit earned by Abbey Co. on the above transactions?
A- $10,500
B- $30,772
C- $7,972
D- $ 31,400

Answer:

bhruy5y4t4yt4hdjzvcxvcfg

Explanation:

$220,000

Explanation:

Calculation for the company's break-even point in dollar sales

Using this formula

Break-Even point in dollars sales= Fixed Costs ÷ Contribution Margin

Let plug in the formula

Break-Even point in dollars sales=$96,800/44%

Break-Even point in dollars sales=$220,000

Therefore the company's break-even point in dollar sales will be $220,000.

Credit card bill from ABC credit have listed a number of expenses made, these needs to be posted according to the relevant accounting heads.

Accounting is the calculation of cash, in other terms it is the study of debit and credit. The accounting teaches the treatment of different transactions, the transactions are divided in different heads, asset, expense, income, liability and capital.

T Accounts should be made as follows.

Assets

DR $1500 Computers

DR $650 Furniture

DR $334 Van Payment

Expenses

DR $420 Office Supplies

DR $250 Electric Company

DR $100 Water

DR $250 Office Supplies

Petty Expenses

DR $150 Steak House

DR $100 Fuel Stop

The expenses are distributed among the heads that they are relevant to, petty expenses only contains the payment for expenses that are immaterial in nature and amount, Asset account have the payments made for assets.

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It should be noted that codes of ethics are typically informal information about how to recognize and deal with ethical problems.

Ethics can be regarded as the rules that is required to be followed by the employee as well as the members of the organization in their profession.

Therefore, codes of ethics  are typically informal information about how to recognize and deal with ethical problems.

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Answer: may be influential in determining a person’s decision-making behavior

Explanation: Thats's the correct answer on the test or quiz. The answer above by the "expert" is wrong.

Explanation:

Missing Documents -- It isn’t uncommon for documents to go missing in the workplace. After all, accidents do happen. However, if this becomes a frequent occurrence, fraudulent acts could be the culprit, especially for checks. Missing checks numbers or gaps in reconciled check numbers can also be an indicator of fraud.

Complaints -- It’s easy to write off complaints as nonsense venting, but complaints are one of the best ways to identify fraud. If employees are complaining about something, don’t take it lightly. Dig further into the situation to identify the cause of the complaint and what else could be behind it.

Excess Purchases -- Fake payees can be used to convert funds. Be aware of excessive purchases as they could be covering a possible payoff of a purchasing agent.

Inventory Shortages -- Internal shrinkage and product loss happens. However, excessive shrinkage could be an indicator of a plethora of fraudulent activities.

Excessive Voids/Returned Checks -- Voided sales slips mean that the sale has been rung up, but the payment was diverted, potentially into the wrong hands. This is similar to cancelled checks. While they are usually legitimate transactions, a cancelled check can be returned to the wrong hands and be re-written to the fraudster. Excessive voids and cancelled or returned checks are common indications of theft and should be watched carefully.

Duplicate Payments -- Duplicate payments in many cases are not fraud-related. However, if a duplicate payment is accidentally made by a company, it is possible for an employee to forge an endorsement of the check. Watch this closely as well.

Rounded-Amount Invoices -- Fraudsters will often create invoices with rounded amounts. If you don’t see any pennies, it may be a sign that you need to look into that invoice further.

Abnormal Invoice Volume -- Rapid invoice volume increases may be due to a legitimate increase in business, but is also may point to fraudulent behavior. Monitoring vendor invoice volume and being aware of spikes is a good way to spot abnormal behavior.

Invoices Just Under Approval Amounts -- Some employees may be aware of the dollar threshold for management approval and create an invoice just below that approval level. For example, if the approval level is $5,000 and you get an invoice for $4,998, you may want to do a bit more research on that invoice.

Mail Drop Address -- A mail drop, or ghost address, is an entity that can receive mail in your name. Companies using a mail drop as their address rather than a P.O. Box may be doing so to hide their fraudulent activity.

A firm's average product (AP) is the total output produced by the firm divided by the quantity of input used to produce it. In other words, it measures the average amount of output that can be produced with each unit of input.

What is tendency?

The tendency of a firm's average product will depend on the specific production process and the level of inputs used. Generally, when a firm first starts to increase its input of a particular factor of production (e.g. labor or capital), the average product of that factor will also increase up to a certain point. This is because the additional input is contributing more to the output than the previous unit of input.

However, as the level of input continues to increase, the average product of that factor will eventually start to decline.

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complete question:

What is the tendency of a firm's average product?

Answer:

Pacific Ink

Cost of goods transferred out = $6,540,420

Ending inventory = $1,211,840

Explanation:

a) Data and Calculations:

                                        Units         Materials      Conversion      Total

Beginning WIP inventory                  $402,560       $557,100    $959,660

Costs incurred during the period $3,005,200   $3,786,840 $6,792,040

Total production costs                  $3,407,700    $4,343,940  $7,751,700

Units in WIP inventory   58,000      30%                30%

Units transferred out   122,000     100%              100%

Ending inventory           40,000      80%                40%

Units started                104,000 (122,000 + 40,000 - 58,000)

Equivalent unit of production    Units     Materials      Conversion

Units transferred out              122,000     122,000        122,000

Ending inventory                      40,000      32,000           16,000

Equivalent units                                        154,000         138,000

Cost per equivalent unit:

Total production costs                  $3,407,700    $4,343,940

Equivalent units                                  154,000          138,000

Cost per equivalent unit                      $22.13             $31.48

Costs assigned to:

Cost of goods transferred out    $2,699,860     $3,840,560    $6,540,420

Ending inventory                                708,160           503,680         1,211,840

Total costs assigned                   $3,408,020      $4,344,240    $7,752,260

Answer:

I think this is a good idea if my friend has the income (job) to repay the loan and not miss a payment, and doing that will help build credit.

If my friend takes out the loan and knows it will not be repaid back on time and misses deadlines, it would be a bad idea to take the loan in the first place.

Another suggestion would be paying for groceries, gas, etc., and repay back if you have an income and build great credit that way.

Also, you can have a parent/guardian add you to their credit account, so let's say my friend's mother adds my friend to her account, and when the mother makes her payments, it will help my friend build credit.  

1. The costs associated with each of these activities that are part of a company's quality control system are

2-a Costs incurred in an effort to keep poor quality of conformance from occurring are prevention costs and appraisal costs. Therefore option B is correct. 2-b. Costs are incurred because poor quality of conformance has occurred are Internal and external failure costs. Therefore option A is correct.

Prevention costs refers to cost intended to reduce the number of errors in products or services. Appraisal costs refers to fees paid to detect defects in its products ahead of delivering them to customers. Internal failure costs refer to costs of quality associated with product failures that are discovered before a product leaves the factory.  External failure costs refer to costs incurred due to product failures after they have been sold to customers.

1. The costs associated with each of these activities can be classified into the following categories:
a. Product testing - Appraisal cost
b. Product recalls - External failure cost
c. Rework labor and overhead - Internal failure cost
d. Quality circles - Prevention cost
e. Downtime caused by defects - Internal failure cost
f. Cost of field servicing - External failure cost
g. Inspection of goods - Appraisal cost
h. Quality engineering - Prevention cost
i. Warranty repairs - External failure cost
j. Statistical process control - Prevention cost
k. Net cost of scrap - Internal failure cost
l. Depreciation of test equipment - Appraisal cost
m. Returns and allowances arising from poor quality - External failure cost
n. Disposal of production defects - Internal failure cost
o. Technical support to suppliers - Prevention cost
p. Systems development - Prevention cost
q. Warranty replacements - External failure cost
r. Field testing at customer site - Appraisal cost
s. Quality training - Prevention cost

2-a. The type of costs that are incurred in an effort to keep poor quality of conformance from occurring are prevention costs and appraisal costs. Therefore, the correct option is B.

2-b. The type of costs that are incurred because poor quality of conformance has occurred are internal and external failure costs. Therefore, the correct option is B.

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Answer:

1. 1.22

2. 32.94 %

3. Contribution format income statement

Sales Sales ($ 141,000×1.27)                          $179,070       27%

Variable expenses ($56,400×1.27)                ($71,628)      27%

Contribution margin ($84,600×1.27)             $107,442       27%

Fixed expenses                                              ($15,000)       0%

Net operating income ($ 69,600× 32.94 %) $92,526      32.94 %

Explanation:

Degree of Operating Leverage (DOL) = Contribution ÷ Earnings Before Interest and Tax

                                                               = $84,600 ÷  $ 69,600

                                                               = 1.22

Effect of an increase in sales of 27% on net operating income

Effect  = % increase in sales × DOL

           = 27% × 1.22

           = 32.94 %

See new contribution income statement with % increases in line items.

Answer:

Five careers within the Business, Management, and Administration or Finance clusters that would be interesting to me are treasurer, underwriter, debt counselor, corporate trainer, and public relations specialist. Of those careers, the three that I think would be best suited to my skills and interests are underwriter, corporate trainer, and public relations specialist.

As a public relations specialist, I would work to create positive relationships with the media, community leaders, special interest groups, and others to help boost the image of the company for which I work. I would write press releases, speeches, and other documents as the liaison to the media. As such, it would be important for me to have excellent writing, time management, public speaking, and interpersonal skills. Because the median salary is $55,680 with an average increase in employment from 2012–2022, it could be a great starting-off point that would allow me to get into the field of public relations.

To become a public relations specialist, I would need to start by getting a bachelor’s degree in public relations. Three schools that I would consider attending to get my degree are the University of Southern California–Los Angeles, University of Texas–Austin, and the University of Tennessee. Each of these schools has established programs that offer hands-on experience in the public relations field. They also offer master’s programs in communications, so I could work toward a master’s degree, as well.

Explanation:

Answer:

Of all the jobs within the Agriculture, Food, and Natural Resources and Energy clusters, I think that the following would be the most interesting for me: seismic technician, food scientist, nursery manager, weatherization manager, and zoologist. Of these career options, I think zoologist, food scientist, and nursery manager are the ones that I would consider pursuing. I would truly enjoy being a nursery manager.

I’ve always considered myself to be someone with a “green thumb.” I enjoy gardening, so I think I would love to make a career out of working in a greenhouse with various plants. I would need to learn about the various plants in the nursery: how to care for them, how to identify when they have a disease or pest, and how to treat problems that arise. As the manager, I would also need to supervise the people working in the nursery.

Some of the skills that will help me find success as a nursery manager are creativity and excellent communication, teamwork, leadership, and problem-solving skills. I would also need to complete on-the-job training and an apprenticeship. I think it would be great to get a job working in a nursery while in high school, so I can start training while I’m still in school. It would give me an opportunity to learn from someone with experience in the field.

Although many nursery-related careers require only a certification or on-the-job training, a manager can benefit from getting a bachelor’s degree in horticulture science. Some of the best programs for horticulture science are through Washington State University, University of Florida, or Cornell University. After completing the program, I would hope to open my own nursery where I could sell plants to homeowners, landscapers, or commercial industries.

Explanation:

Answer:

An employee borrows an industry magazine

to read a story about a new machine in his

department.

Explanation:

Self and social awareness skill is vital in one's career or industry as it enables the individuals to have control over their actions and ambitions.

It should be noted that self awareness simply means the ability for an individual to be able to control their emotions.

In this case, self and and social awareness skill is vital in one's career or industry as it enables the individuals to have control over their actions and ambitions.

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Answer:

see below

Explanation:

The price of a product refers to the amount that a customer pays to acquire the product. It is the monetary value attached to the product. Price is the minimum amount of money that a supplier or seller accepts in exchange for goods and services.

Opportunity cost is the forfeited benefits for not selecting a particular option. Opportunity costs arise as people make choices between various alternatives. Once the preferred option has been selected, the next best alternative is the opportunity cost. The value of opportunity cost is the missed benefits from the next best alternative.

Answer: Prior authorization quantity limit and step therapy are some examples of the coverage rules

Explanation:

The statement 'prior authorization, quantity limit, and step therapy are some examples of the coverage rules" is true. Drug utilization management (DUR) is a set of methods used to ensure the appropriate use of medications.

These methods can include prior authorization, quantity limits, and step therapy.

Prior authorization is a process where a health plan requires the prescriber to obtain approval from the plan before a medication can be dispensed. This is typically used for high-cost or high-risk medications.

Quantity limits are restrictions on the amount of medication that a patient can receive in a given period of time. This is typically used to prevent patients from stockpiling medications or using them for purposes other than what they are intended for.

Step therapy is a process where a patient must try one or more less expensive or less invasive treatments before they can be prescribed a more expensive or more invasive treatment. This is typically used to ensure that patients are only using the most appropriate treatment for their condition.

The UN does not have specific rules on DUR, but many countries have their own regulations. These regulations are designed to ensure that patients have access to safe and effective medications, while also preventing the misuse of medications.

Therefore, the given statement is true.

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Your question is incomplete, most probably the complete question is :

The statement is about the drug utilization management UN rules. true or false?

prior authorization quantity limit and step therapy are some examples of the coverage rules

Answer:

Price earning ratio = $17.9

Explanation:

Price earning ratio = Market Price share / Earning Per Share

Price earning ratio = $39.40/$2.2

Price earning ratio = $17.9

Answer:

Personelle I think

Explanation:

Answer: 15%

Explanation:

The expected return on stock is expressed as;

Expected Return on Stock  =  Treasury Bill Yield  +  Risk Premium

Historical returns from 1900 - 2015 generally show the risk premium on stock to be 7.6% so;

Expected Return on Stock = 7.5% + 7.6%

= 15.1%

= 15%

A chart of accounts lists the accounts and balances at a specific time is the true statement, as it a digestible breakdown of all transactions.

chart of accounts is a list of all the accounting records in a company's general ledger. In a nutshell, it's an organizational tool that breaks down all of a company's financial transactions into subcategories and presents them in an easily understandable format.

Thus, it is a true statement.

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The costs of purchasing the supplies and rent are the "expenses" of Dicte's business, whereas the assets resulting from the sale of her jewelry are the "revenues" of her business.

Expenses are the costs that a business incurs in order to operate and generate revenue. These can include the cost of raw materials, labor, rent, and other operating costs. In Dicte's case, the cost of the beads, semi-precious stones, clasps, and other supplies used to make the jewelry, as well as the rent on her store, are considered expenses. Dicte has a small business making based beaded jewelry. The costs of purchasing the beads, semi-precious stones, clasps, and other supplies used to make the jewelry and the rent on her store are the expenses of her business, whereas the assets resulting from the sale of her jewelry are the business revenues.

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The quantity demanded of a good or service divided by the percentage change in price is the price elasticity of demand. The percentage change in quantity supplied divided by the percentage change in price represents the price elasticity of supply.

The economics concept of demand describes the consumer's desire to purchase the good or service. The price that consumers are willing to pay for the good or service is used to determine demand.

Three factors make to an effective demand: the person's willingness, ability, and desire to pay for the good.

The amount of an item that a consumer is able and willing to purchase during a specific time period at each conceivable price may be referred to as demand. Quantity, ability, willingness, costs, and time period are crucial components of demand.

According to the rule of demand, which is a cornerstone of economics, customers will demand fewer units of a good at a higher price.

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Answer:

3. Survey form

4. accepted

5. emotional

Explanation:

Based on the cost of production by Stam Company, the overhead rate which is applied to the jobs are:

Data and Calculations:

                                                       Job 306           Job 307        Job 308

Balances on March 31

Direct materials used (in March)    $33,600         $41,900

Direct labor used (in March)           $24,600        $20,300

Overhead applied (March)              $12,300         $10,150

Costs during April

Direct materials used                     $139,000      $226,900     $102,000

Direct labor used                            $94,200       $161,500       $107,300

Overhead applied                           $55,600       $77,500       $52,500

                             ($94,200 × 50%)  ($161,500 × 50%)  ($107,300 × 50%)

Job 306 - $47,100

Job 307 - $80,750

Job 308 - $53,650

The overhead rate applied for Job 306 in April is:

= Direct labor cost x 50%

= 94,200 x 50%

= $47,100

The overhead applied for Job 307 in April is:

= 161,500 x 50%

= $80,750

The overhead for Job 308 in April is:

= 107,300 x 50%

= $53,650

Hence, based on the cost of production by Stam Company, the overhead rate applied to the jobs are calculated above.

The given question is incomplete, the complete question is-

Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.

Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 4. Prepare a schedule of cost of goods manufactured for the month end April 30. Stam Company Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured.

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If Lisa suspects that one of her subordinates is under the influence of drugs or alcohol, she should approach the situation with sensitivity and professionalism.

If Lisa suspects that one of her subordinates may be under the influence of drugs or alcohol, there could be several signs or symptoms that may lead her to this conclusion. One possible indicator is a change in behavior or attitude. For example, if the subordinate has become increasingly moody, agitated, or withdrawn, this could be a sign that they are struggling with substance abuse. Another possible sign could be a decline in job performance, such as missing deadlines, making mistakes, or being frequently absent from work. The subordinate may also exhibit physical symptoms, such as bloodshot eyes, slurred speech, or unsteadiness on their feet. Furthermore, Lisa may observe that the subordinate is experiencing financial problems, as drug and alcohol addiction can be costly and may lead individuals to miss work or spend their money on substances rather than other necessities. Lisa may also notice that the subordinate has become more secretive or defensive, particularly when questioned about their behavior or whereabouts. It is important to gather as much information as possible before making any accusations or taking any disciplinary action. She may also consider seeking guidance from the company's human resources department or employee assistance program to ensure that the subordinate receives the help they need to overcome their addiction.

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In order to show itself as a caring employer of labor instead of being uncaring, the business would have to do the following:

This is the term that has to do with the way that the people that work for a particular company would have relationship with the people that they work.

A good relationship that exists between these two, would help to create satisfaction for the two parties and the people would want to put in their best at the jobs that they do.

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The present value amount, given the principal and the partial table of the present value, will be $20,017.28

The present value amount will be the current value of an amount that is denoted in future terms. To find this amount, you need to discount the future amount by a certain discount interest rate, and the number of periods into the future.

The interest rate here is 10% and the amount in 2 years is $24, 234.

Given the partial table of present value of $1 at compound interest, we known that the discount factor for 2 years at 10% is 0.826.

The present value of $24, 234 from two years in the future, in the present is:

= Future value amount x Present value factor for 2 years, 10 %

= 24, 234 x 0.826

= $20, 017.28

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