prepare a schedule for the cost of goods manufactured for 2017. 2. revenues for 2017 were $310 million. prepare the income statement for 2017

Answers

Answer 1

An income statement, also known as a profit and loss statement, is a financial report that provides information about a company's revenue, expenses, and profits over a specific period of time.

Here is a sample schedule for the cost of goods manufactured for 2017 and an income statement for the same year:

Cost of Goods Manufactured Schedule for 2017:

Beginning raw materials inventory: $XX,XXX

Add: Purchases of raw materials: $XX,XXX

Total raw materials available for use: $XX,XXX

Deduct: Ending raw materials inventory: $XX,XXX

Raw materials used in production: $XX,XXX

Add: Direct labor costs: $XX,XXX

Add: Manufacturing overhead costs: $XX,XXX

Total manufacturing costs: $XX,XXX

Add: Beginning finished goods inventory: $XX,XXX

Total goods available for sale: $XX,XXX

Deduct: Ending finished goods inventory: $XX,XXX

Cost of goods sold: $XX,XXX

Income Statement for 2017:

Revenue: $310,000,000

Cost of goods sold: $XX,XXX (from the above schedule)

Gross profit: $XX,XXX (Revenue - Cost of goods sold)

Operating expenses: $XX,XXX (such as selling, general, and administrative expenses)

Operating income (loss): $XX,XXX (Gross profit - Operating expenses)

Non-operating income (loss): $XX,XXX (such as interest income)

Net income (loss) before taxes: $XX,XXX (Operating income (loss) + Non-operating income (loss))

Income tax expense: $XX,XXX

Net income (loss): $XX,XXX (Net income (loss) before taxes - Income tax expense)

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Related Questions

Visit two different companies in ghana with opposing pay-out policies ( where one pays low and the other pays high).Find out from their Management some real- world factors influencing their choice of pay-out policy

Answers

A company that is experiencing high growth and has many profitable investment opportunities may choose to retain earnings and reinvest them back into the business rather than paying out dividends.

Some shareholders prefer to receive dividends while others are more interested in capital appreciation. Companies may take into account their shareholder base and their preferences when deciding on a pay-out policy.

For example, companies in the utility sector may pay out a higher proportion of their earnings as dividends compared to companies in the technology sector.

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During the staff meeting, the performance of BJ is discussed. BJ works hard but received a poor customer rating, and the manager is told to “figure it out” or fire BJ. Which of the following would be the best approach to try to improve BJ’s performance?

Answers

Answer:

BJ

Explanation:

Hi is the hard worker

so, he is the best

Providing him with 360-degree feedback from customers, co-workers and managers to give him insight into how his behavior is perceived will help improve his performance.

What is a 360-degree feedback?

A 360-degree feedback refers to a process that allows employees to receive feedback from the people who work around them.

In conclusion, the feedback will let him know how to improve on his work performance.

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three stage division switch is used to connect 2048 inlet with 2048 outlet. If the number of inlets in each subgroup n=32 and the number of inter-stage switches k=10. Assume that the inlet utilization P=0.1, calculate the overall blocking probability of the system.please expline the solution with steps

Answers

The overall blocking probability of the system is 0.0000072 or 0.00072%. This is a very low blocking probability, which means that the system is highly efficient in handling traffic.

To calculate the overall blocking probability of the system, we can use Erlang B formula which is given as follows:

B(n,k) = [((n^k)/k!) / Σ(i=0 to k) ((n^i)/i!)]

where n = number of inlets in each subgroup

k = number of inter-stage switches

Σ = summation symbol, from i=0 to k

i! = factorial of i

In this case, n = 32 and k = 10. We can calculate the value of Σ(i=0 to k) ((n^i)/i!) using a calculator or a spreadsheet program. The value is approximately 0.9999979.

So, applying the Erlang B formula:

B(2048, 10) = [((32^10)/10!) / 0.9999979] = 0.0000072

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You are considering investing in a saving bond that will pay $15,000 in 10 years. If the competitive market interest rate is fixed at 6% per year, what

Answers

Answer:

$9,375

Explanation:

We are to calculate what the bond rate is now.

Using the simple interest formula:

Simple interest = Principal × Rate ×Time/100

Given

Amount = $15000

Time = 10years

Rate = 6%

Required

Amount invested (principal)

SI = PRT/100

Also SI = Amount - Principal

SI = A-P

The formula becomes

A-P = PRT/100

Substitute the given value.

15,000- P = P(6)(10)/100

15000-P = 6P/10

15000-P = 0.6P

15000 = 0.6P+P

15000 = 1.6P

Divide both sides by 1.6

15000/1.6 = 1.6P/1.6

9,375 = P

Principal = $9,375

This means that the amount invested in the savings bond is $9,375

Answer: $8,376 rounded to the nearest dollar.

Explanation:

The value in 10 years will be $15,000.

The value today will be the present value discounted at 6%;

= 15,000 / ( 1 + 6%) ^ 10

= 8,375.92

= $8,376 rounded to the nearest dollar

Which stage of the product development cycle first involves a deep look into whether the demand is high enough to make the product profitable? A. test market B. financial analysis C. commercialization D. idea evaluation

Answers

Answer:

b

Explanation:

The average lifespan of a new battery is 2234 hours before burning out. The standard deviation is 412 hours and the lifespans are normally distributed. What percentage of batteries last between 2100 and 3100 hours?

Answers

Answer:

no clue I don't study battery's sorry

Same sorry I could not help

All Japanese beer makers continuing on a predictable straight path producing pilsner-like traditional beer is indicative of what kind of strategy

Answers

Answer: emergent strategies

Explanation:

All Japanese beer makers continuing on a predictable straight path producing pilsner-like traditional beer is indicative of the emergent strategies.

It should be noted that emergent strategies are the set of behavior and actions, that are consistent with time, which was not part of the initial planning of the strategy that an organization wants to use.

17-1: Many multinational and global companies use ethnocentric staffing in their operations abroad. Why do you think a company might prefer to have someone from home country in top management positions? If you were hired as a consultant, would you recommend that a multinational or global business change its policy? Explain.

17-2: Culture shock is commonly experienced by people living in an unfamiliar culture. Yet not all people experience it, and not all people feel its effects in the same way nor to the same extent. Some experts advise psychological testing to determine one's likelihood of handling such an adjustment. What psychological attributes do you suppose are advantageous in this situation? What sort of training do you think could help someone adapt more easily to a new culture? Explain.

Answers

Many multinational and global companies use ethnocentric staffing in their operations abroad for reasons such as cultural familiarity, language similarity.  psychological attributes that are beneficial in adapting are flexibility, desire to learn more and accept others openly.

In addition to encouraging consistency in management procedures, an ethnocentric staffing policy may also make communication and decision making easier. However, such a policy might also restrict diversity and make it more difficult for the business to respond to local market circumstances or capitalize on local talent. If appointed as a consultant I would suggest multinational companies to adopt a more geocentric staffing strategy that promotes diversity and inclusion while striking a balance between local and global perspectives.

The psychological qualities of openness to new experiences, flexibility, empathy, and resilience are helpful in adjusting to a new culture. These characteristics increase a person propensity to be receptive to new ideas, adaptable to novel circumstances and equipped to deal with the difficulties of integrating into a foreign culture. Intercultural communication classes and language and cultural immersion programs are all types of training that could make it easier for someone to adapt to a new culture.

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With some algebra and assumptions, the variance of an N-asset portfolio can be written as:

σP2=σ2N+N−1NCov

where σ2 is the average variance of stocks in the portfolio and Cov is the average covariance between each pair of stocks in the portfolio. Based on this result, which of the following will happen in a sufficiently well-diversified portfolio?

Group of answer choices

Systematic risk converges to Cov

Firm-specific risk converges to 1

Firm-specific risk converges to σ2

Total risk converges to 0

Answers

With some algebra and assumptions, the variance of an N-asset portfolio can be written as:

σP2=σ2N+N−1NCov

The following will happen in a sufficiently well-diversified portfolio: Firm-specific risk converges to σ2.Thus option (c) is correct.

What is variance?

The variance is a measurement of the spread between numbers in a data set. It measures the degree of dispersion of data around the sample's mean.

Investors use variance to see how much risk an investment carries and whether it will be profitable. Variance is also used in finance to compare the relative performance of each asset in a portfolio to achieve the best asset allocation.

The square root of the variance is the standard deviation.

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7. What is supply and demand? Give me an example of a supply and demand currently?

Answers

Answer:

Supplier sells the goods at various prices, depending on how much consumers want it, and at the rate that the goods are being sold.

For example, now, during the pandemic,  face masks are now in very very high demand. Due to this, suppliers has now increased the price of the face masks, as to take advantage of the current situation

Calculate Tenant A's recovery amount using the following assumptions: Recovery Structure: Net Tenant A Size: 2,500 SF Building Area: 50,000 SF Operating Expense Total: $100,000 a. $125 b. $2,500 c. $5,000 d. $50,000

Answers

Net Tenant A Size: 2,500 SF Building Area: 50,000 SF. The recovery amount for Tenant A/ Operating Expense would be $2,500.

On the balance sheet, where are operating expenses?

On a company's balance sheet, operating expenses are listed under the liability section. The costs essential to run a firm, known as operating expenses, include paying employees' wages, maintaining buildings and utilities, purchasing supplies and equipment, and conducting marketing campaigns. Most of the time, a significant amount of a company's overall expenses are reported in its income statement as operating expenses. The recovery amount for Tenant A would be $2,500 when calculated as follows: The size of Tenant A (2,500 SF) multiplied by the building's total square footage (50,000 SF) and the sum of its operating expenses ($100,000) is $2,500.

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A company has fixed costs of $96,800. Its contribution margin ratio is 44% and the product sells for $61 per unit.
What is the company's break-even point in dollar sales?

Answers

$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.

Receiving a payment from a debtor on account would affect the Accounts Receivable with a __________ entry.

A. Debit
B. Credit

Answers

Answer:

Credit.

Explanation:

WBS for the knowledge area of Human/Resource Management for a low-cost housing project

Answers

Here's an example of a WBS for the knowledge area of Human/Resource Management for a low-cost housing project:

The wbs for a knowledge area of Human/Resource Management for a low-cost housing project

Human/Resource Management

1.1 Staffing Plan

1.1.1 Define project roles and responsibilities

1.1.2 Identify required staffing resources

1.1.3 Determine the project team structure

1.1.4 Develop a staffing plan and budget

1.2 Recruitment and Selection

1.2.1 Create job descriptions and specifications

1.2.2 Advertise and promote job openings

1.2.3 Review resumes and conduct initial screenings

1.2.4 Conduct interviews and select candidates

1.2.5 Perform background checks and reference checks

1.2.6 Extend job offers and negotiate terms

1.3 Training and Development

1.3.1 Assess training needs for project team members

1.3.2 Develop a training plan and schedule

1.3.3 Conduct training sessions and workshops

1.3.4 Provide on-the-job training and mentoring

1.3.5 Evaluate training effectiveness and adjust as needed

1.4 Performance Management

1.4.1 Set performance expectations and goals

1.4.2 Monitor and assess individual and team performance

1.4.3 Provide feedback and coaching to improve performance

1.4.4 Conduct performance appraisals and evaluations

1.4.5 Identify and address performance issues or conflicts

1.5 Resource Allocation

1.5.1 Identify project resource requirements

1.5.2 Allocate resources based on project needs

1.5.3 Monitor resource utilization and availability

1.5.4 Optimize resource allocation to meet project objectives

1.6 Stakeholder Management

1.6.1 Identify project stakeholders and their interests

1.6.2 Develop a stakeholder engagement plan

1.6.3 Communicate and manage stakeholder expectations

1.6.4 Address stakeholder concerns and resolve conflicts

1.6.5 Maintain positive relationships with stakeholders

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PLEASE HELP WITH CORRECT ANSWER
Why are staffing firms a useful resource you can use in a job search for a career in hospitality and tourism?

They can negotiate better salaries and terms of employment once you are hired.
They host in-person gatherings where you can meet others in the hospitality industry.
They provide crucial trainings for specific job skills in the hospitality and tourism industry.
They work with companies to help them find the best candidates for open positions.

Answers

Staffing firms a useful resource you can use in a job search as ---They work with companies to help them find the best candidates for open positions.

Option D is correct.

Staffing Firm:

A staffing agency - also known as search, recruitment, staffing agency or service - is an organization that connects businesses with job seekers. Registering with a recruitment agency gives you the opportunity to connect with multiple hiring managers looking for the right person for your job.

Why are staffing important?

Find suitable resources. Human Resources plays a very important role in finding the best resources needed to run the company's day-to-day operations. In other words, staffing is the process of finding qualified resources to perform various functions of an organization.

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A water resources engineer is trying to run a cost-benefit analysis for a project. They need to first decide on the planning period (the benefits should be calculated over N years, and N should be determined). If N is too large, then the future benefits in those years (e.g. 70 years from now) will have a very low present value. Therefore, the engineer would like to cut off the planning period after a point when the present equivalent of benefits becomes less than 6.25% of that future benefit. If the interest rate is 8%, use the rule of 72 to determine the duration of the planning period (N).

Answers

Answer:

N = 36 years

Explanation:

Solution:

According to the 72 rule, present sum doubles in value, if the product of interest rate in percent and number of compounding period is 72.

So, We can say for every 9 years at 8 percent = 72 = present sum will be doubled.

Similarly, it will be doubled at 18 years., then 27 years, then 36 years and so on.

SO,

We need to find the P/F ratio, for the end of 0 years first.

Formula = (P/F, i, n) = \((1 + i)^{-n}\)

here,

i = 8%

n = 0 years.

P/F =  \((1 + 0.08)^{-0}\) (Anything power zero = 1)

So, similarly, calculate this P/F ratio for every 9 years till present equivalent of benefits becomes less than 6.25% of that future benefit.

find the P/F ratio, for the end of 9 years:

Formula = (P/F, i, n) = \((1 + i)^{-n}\)

here,

i = 8%

n = 9 years.

P/F =  \((1 + 0.08)^{-9}\)

P/F =   0.50

Amount = 2x

find the P/F ratio, for the end of 18 years:

Formula = (P/F, i, n) = \((1 + i)^{-n}\)

here,

i = 8%

n = 18 years.

P/F =  \((1 + 0.08)^{-18}\)

P/F =   0.25

Amount = 4x

find the P/F ratio, for the end of 27 years:

Formula = (P/F, i, n) = \((1 + i)^{-n}\)

here,

i = 8%

n = 27 years.

P/F =  \((1 + 0.08)^{-27}\)

P/F =   0.13

Amount = 8x

find the P/F ratio, for the end of 36 years:

Formula = (P/F, i, n) = \((1 + i)^{-n}\)

here,

i = 8%

n = 36 years.

P/F =  \((1 + 0.08)^{-36}\)

P/F =   0.06 = P/F ratio percentage = 6%

Amount = 16x

Hence, N = 36 years because it is the value nearest to 6.25% required

find the P/F ratio, for the end of 45 years:

Formula = (P/F, i, n) = \((1 + i)^{-n}\)

here,

i = 8%

n = 45 years.

P/F =  \((1 + 0.08)^{-45}\)

P/F =   0.03

Amount = 32x

In your business plan, you note that investors can expect to gain 110 percent of their investment back after three years. The time frame here provides your:
Group of answer choices

turnover.

point-of-sale.

rate of return.

return on interest.

Answers

In your business plan, you note that investors can expect to gain 110 percent of their investment back after three years. The time frame here provides your: rate of return. Option C

What is meant by the rate of return?

The percentage change in an investment's value is represented by the yearly rate of return. For instance, if you estimate a 10% annual rate of return, you're anticipating that your investment's value would rise by 10% annually.

By dividing the total gain or loss at the end of the year by the initial investment made at the beginning of the year, the annual rate of return is determined. The annual rate of return or nominal annual rate are other names for this approach.

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Your friend Alice is a full-time college student, earned $4,000 working at the campus bookstore over two semesters last calendar year, and also got a part-time job as a cashier in February, earning $9,500. Alice knows that you have been learning about taxes in your personal finance lessons and asks you, “Do I need to file taxes this year? If I do, what is the process like?”

Answers

Single, under the age of 65 and not older or blind, you must file your taxes if: Unearned income was more than $1,050. Earned income was more than $12,000. Gross income was more than the larger of $1,050 or on earned income up to $11,650 plus $350.

Sorry, I can not answer the second part to the question sorry.  

Which activities would be considered project management?

Answers

Explanation:

Remember, project management involves activities done to organize and manages resources that are necessary to complete a project.

Here are some of the activities;

Project Initiation phase: this where the requirements or customization of the project begins.

Planning: the planning stage often constitues mainly of budgeting finances and setting timeline for activities.  

The others includes;

ExecutionValidation. and Evaluation.

Households with net worth in the negative or zero have the highest average credit card debt.Why do you think this is?

Answers

Households with net worth in the negative or zero may have the highest average credit card debt because they face financial difficulties on account of lower incomes.

Why do lower net worth households have debt ?

It's possible that these households experience financial hardships or lower incomes which restrict them in building savings and assets. Hence, they end up resorting to credit cards as means of survival, and this may be a key reason behind their increased level of credit card debt.

Moreover, it is likely that households with negative or no net worth confront limited access to alternative forms of credit, like loans or lines of credit. Consequently, these people probably feel compelled to rely on credit cards increasingly for borrowing purposes. In turn, this tendency could augment their level of credit card debt.

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you lose your job as a result you purchase more campbell’s soup. This inflation shows that you considered campbells soup to be a

Answers

The increased purchase of Campbell's soup after losing a job reflects considering it as a reliable option during inflationary times.

The decision to purchase more Campbell's soup in response to losing a job can be attributed to the concept of inflation. Inflation refers to the general increase in prices of goods and services over time, resulting in the eroding purchasing power of money.When facing a loss of income or job insecurity, individuals often seek to maximize the value of their money by purchasing goods that they perceive as having stable or increasing value. In this case, the individual may consider Campbell's Soup as a reliable choice due to its reputation, long-standing presence in the market, and the perception that its value will hold or increase even during inflationary periods. Therefore, purchasing Campbell's soup can be seen as a strategy to protect against the eroding effects of inflation and maintain some level of stability in uncertain times.

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Write the quadratic equation in standard form that corresponds to the graph shown below.

Write the quadratic equation in standard form that corresponds to the graph shown below.

Answers

The quadratic equation of the graph in standard form is y = x² + 2x - 8

What is a quadratic equation in standard form?

A quadratic equation in standard form is given by y = ax² + bx + c

Given the graph below, to write the quadratic equation for the graph in s tandard form, we notice that the graph has two x - intercepts at

(-4, 0) and(2, 0)

The x - intercepts are the roots of the quadratic equation.

So, we have that

x = -4 andx = 2

So,

x + 4 = 0 andx - 2 = 0

So, the factors of the quadratic equation are

x + 4  andx - 2

So, multiplying the factors, we have that the equation is

y = (x + 4)(x - 2)

= x² - 2x + 4x + 4 × (-2)

= x² - 2x + 4x - 8

= x² + 2x - 8

So, the quadratic equation is y = x² + 2x - 8

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29. Economics is based on
a. abundance
b. scarcity
c. laborers

Answers

it’s letter c for me because economics has the ability and knowledge to help people to find the fairly wage

In management, scholars argue that,1 + 1 = 10. Do you agree? Explain.

Answers

Answer:

I disagree.

Explanation:

Scholars may argue that 1+1= 10. But in fact if you do simple addition, 1+1 is 2. Not 10.

Sam is working with his financial partner to figure out if and when the supply chain project investment will be positive. Which factor should they look for?

Answers

Sam and his financial partner should consider the net present value when making investment decisions in order to determine the profitability of the supplychain project investment.

Sam and his financial partner should look for the Net Present Value (NPV) factor when figuring out whether the supply chain project investment will be positive or not.What is Net Present Value (NPV)?Net Present Value (NPV) is a financial metric used to evaluate an investment's worth, taking into account the time value of money.

It's based on the idea that cash today is worth more than the same amount of cash in the future because it can be invested and earn a return. NPV is used to determine whether an investment is profitable or not, and it's a popular investment analysis tool.NPV is

calculated by determining the present value of the cash inflows and outflows associated with the investment, and then subtracting the initial investment outlay from the resulting figure. If the resulting number is positive, the investment is profitable; if it is negative, the investment is not profitable.

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discuss whethet or not a merger between two book publishing firms will benefits consumers​

Answers

Answer: See explanation

Explanation:

A merger simply means when two companies come together and becomes one.

A merger between two book publishing firms will benefits the consumers as it may bring about the improvement in the product quality.

Also, the merger can result in the reduction in the price of the books as the company enjoys economies of scale due to its expansion. Furthermore, there can be an expansion of the business into new geographical areas and therefore more customers will be reached.

A marketing firm is studying the affect of its advertising compaign
No of ads(x)= 5,7,4,2,0,3,1,2
No of purchases(y)= 15,18,10,4,2,6,3,6
determine the equation of regression line y=a+bx test hypothesis for slope calcualted in regression equation b=0 use 5% level of significance

Answers

The equation of the regression line is given as ŷ = 2.5X + 0.5

What is a regression line?

The regression line can be defined to be the line that helps us to explain the direction and the given behavior of a set of data. The line helps us in the estimation of the true relation ship between the pair of data. This is usually seen in the form of a linear relationship. The equation helps us to estimate the behavior of the predicted variable by the way the explanatory variable behaves

How to solve for the regression line

The data used for the solution has been given as

No of ads(x)= 5,7,4,2,0,3,1,2

No of purchases(y)= 15,18,10,4,2,6,3,6

These were inputted into the regression calculator to produce the solution that we have here.

The out put from the calculation is given as

Sum of X = 24

Sum of Y = 64

Mean X = 3

Mean Y = 8

Sum of squares (SSX) = 36

Sum of products (SP) = 90

Regression Equation = ŷ = bX + a

b = SP/SSX = 90/36 = 2.5

a = MY - bMX = 8 - (2.5*3) = 0.5

ŷ = 2.5X + 0.5

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A marketing firm is studying the affect of its advertising compaign No of ads(x)= 5,7,4,2,0,3,1,2No of

What is the relationship between price and demand for your product?

Answers

Answer:

the price is high when the demand is high and low when the demand is low

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.

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..................................................................x

Answers

Great job musta took long time lol
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