Sales-Related and Purchase-Related Transactions for Seller and Buyer Using Perpetual Inventory System The following selected transactions were completed during August between Summit Company and Beartooth Co.:

Aug.
1. Summit Company sold merchandise on account to Beartooth Co., $45,550, terms FOB destination, 2/15, n/eom. The cost of the goods sold was $27,960.
2. Summit Company paid freight of $1,125 for delivery of merchandise sold to Beartooth Co. on August 1.
5. Summit Company sold merchandise on account to Beartooth Co., $59,600, terms FOB shipping point, n/eom. The cost of the goods sold was $43,900.
9. Beartooth Co. paid freight of $2,440 on August 5 purchase from Summit Company.
15. Summit Company sold merchandise on account to Beartooth Co., $63,100, terms FOB shipping point, 1/10, n/30. Summit paid freight of $1,625, which was added to the invoice. The cost of the goods sold was $38,480.
16. Beartooth Co. paid Summit Company for purchase of August 1.
25. Beartooth Co. paid Summit Company on account for purchase of August 15.
31. Beartooth Co. paid Summit Company on account for purchase of August 5.

Required:
Journalize the August transactions for Beartooth Co.

Chapter 25 of Managerial Accounting is about differential analysis, product pricing, and activity-based costing. Differential analysis is the study of costs and revenues of different alternatives to help make decisions.

Managers use differential analysis to decide whether or not they should accept a special order, make or buy, sell or process further, or repair or replace equipment. In differential analysis, managers calculate the incremental revenue and incremental cost of each alternative.

If incremental revenue is greater than incremental cost, managers will choose the alternative with the higher profit. On the other hand, if incremental cost is greater than incremental revenue, managers will reject the alternative.

Product pricing is a critical issue for any business. Managers must determine the price that will make a profit while being competitive with other companies. In setting product prices, managers need to consider the cost structure of the product, competitors' prices, and customer demand.

Activity-based costing (ABC) is a costing method that allocates costs based on the activities involved in making a product or delivering a service. ABC helps managers to identify the true cost of products and services.

Managers can use ABC to make better decisions about pricing, product mix, and cost control. ABC provides a more accurate picture of the cost of each product than traditional costing methods.

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The net income for the month is $2,700,and the balance sheet shows the assets, liabilities, and owner's equity of   Morgan Dry Cleaners as described above.

Morgan Dry Cleaners recorded various transactions during the month.

They received cash from customers, paid creditors, received additional investment, paid expenses, and made sales on account.   The net  income for the month was   $2,700.

The balance sheet shows assets of $35,700 (including cash, accounts receivable, supplies, and land),liabilities of $3,500   (accounts payable), and owner's equity of $4,000 (capital).

These figures reflect the financial position and profitability of Morgan Dry Cleaners during the month.

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Competitive advantage can be best defined as when an organization generates higher profits compared to its rivals. Competitive advantage is the correct option of the given statement.

The term "competitive advantage" describes factors that enable a business to produce goods or services more efficiently or at a lower cost than its rivals. When compared to its rivals on the market, these factors enable the producing unit to produce more sales or margins.

An company's ability to outperform rivals in the eyes of customers is known as a competitive advantage. With the help of these advantages, a business can attain and maintain stronger revenues, a better growth trajectory, or higher levels of customer loyalty. As a "protective moat," a competitive advantage is commonly referred to.

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The total manufacturing costs incurred during the year were $49,900. Direct materials, direct labor, and manufacturing overheads all make up the total cost of production.

The sum of all costs a business incurs for its production operations over the course of a reporting period is known as the total cost of manufacturing.

Total manufacturing cost calculation has a number of benefits. Having a thorough understanding of these expenditures first helps make it simpler to benchmark them and identify which ones can be cut. This continuing process of cutting costs can ultimately lead to significant cost savings over time. It might also make it clear which suppliers are overcharging, which might force the company to realign its supplier mix in favor of those who are more prepared to negotiate prices.

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Where the above conditions are given, the net operating income for the year is $785,700

Sales revenue - Cost of goods sold = Gross profit

Gross profit - Selling and administrative expenses = Operating income

Selling and administrative expenses -  $376,000

Operating income is given as  $2,970,000 - $1,808,300 - $376,000 = $785,700

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Answer: the quantity supplied also increases.

Explanation: The law of supply states that there is a direct relationship between price and quantity supplied. In other words, when the price increases

Answer:

Marketing is important because it helps you sell your products or services, by advertising your business you are showing more people about it

Explanation:

The regular test is 59.9 and randomize answers is 44.8 standard deviations of regular test is 10.2 and answers is 12.7 the scattered of the two distributions be compared Yes, as the S.D. is given. Thus, option (a) is correct.

A standard deviation is a measure and the calculate the dispersed of the data is the relation to the mean. The standard deviation was to indicate the slope was the upper and the lower.

               Regular test   Randomized

Mean        59.9             44.8

SD             10.2              12.7

CV = (SD/Mean) * 100

CV = Coefficient of Variation

CV is Measures of Relative Dispersion or relative scattered of Data

SD = Standard Deviation

As a result, the S.D. is given are the two distributions be compared.

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Your question is incomplete, but most probably the full question was.

Preliminary data gathering involves collecting and analyzing relevant information to establish a foundation for research or decision-making, including identifying objectives, assessing data availability, etc.

Preliminary data gathering encompasses the initial acquisition and evaluation of pertinent information, serving as a basis for research or decision-making. It aids in defining project scope, goals, and needs, while also assessing data availability and quality.

This stage assists researchers and decision-makers in gaining insights, assessing project feasibility, recognizing potential obstacles, and formulating a strategic plan for subsequent data collection and analysis.

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Answer:

Account payable days = 67.36 days

Explanation:

The payable days is the average length of time it takes a business to settle its account payable. It is calculated as thus;

Account payable days = Average account payable / Cost of goods sold × 365

Account payable = $8,253/44,721 × 365

Account payable = 67.36

Therefore, it will take Heritage about 67.36 days to settle its account payable

Explanation:

answer in the photo ok????

The internal rate of return between the total return and the bond's purchase price is known as the horizon yield (or holding period rate of return).

A greater coupon rate and a longer reinvestment period come with an increased risk of coupon reinvestment. The carrying value of the bond is used to calculate capital gains and losses rather than the bond's purchase price. If the bond is bought for a price below or over par value, the amortization of the discount or premium is included in the carrying value. Any point along the constant-yield price trajectory is the carrying valuea portfolio's discounted total return over a certain time period, also known as a horizon. One could estimate an investment's return throughout its first year, first five years, etc..

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Answer:

Intervention

Explanation:

Structural change is defined as a change to corporate structure that can be as a result of internal or external factors and affects the mode of operation of the company.

Intervention are measures taken to improve organisation structure and processes.

It seeks to minimise negative effects and maximise effectiveness of the organisation.

This is the ideal stage for formal and organisational change to occur.

New systems can be put in place that will remove inefficiency in the business.

Answer:

cute

Explanation:

theyre so cute

Answer:

omg your bunnies are SO cute!

Explanation:

:D

Answer:

The quantities of the factors of production that are available are increasing over the relevant time period

Federal and State Levels, are the expressing the recovery of the U.S. economy are the economic growth, and the wages and prices, and the employment.

What is economy?

The mechanism through which a nation or region organizes its money, industry, and trade is concerned to as its “economy.” The economy is the important part of the country. The primary sector of the economy is the industrial sector and agriculture sector.

According to the Federal and State Levels, there are the express the recovery of the U.S. the employment are the created the wages and the economy of the economic growth.

As a result, in the Federal and State Levels, are the expressing the recovery of the U.S. economy are the economic growth, and the wages and prices, and the employment.

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Answer:

The cash ratio is calculated by dividing cash and short-term investments by current liabilities.

Cash ratio for 2019 = (53,500 + 29,000) / 235,000 = 0.39

Rounding to two decimal places, the 2019 cash ratio is 0.39.

Explanation:

If you expect to get a substantial raise six months from now, it will not affect your current consumption because you haven't received the money yet.------ False

Substantial use means that the creator of the intellectual property receives more than normal support for the project or is given time and/or resources dedicated to the project.

Common "significant changes in circumstances" include:Job loss or acquisition, sudden change in either party's finances, relocation of the party or a child, death, change in child's wishes, etc.

Significant impact means that, based on current scientific data and knowledge,  a species or native plant or animal community falls below a level at which it can sustain itself on a national or regional basis, or  a species is threatened with extinction. endangered or endangered.

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Answer:

$-20

Explanation:

Calculation to determine the expected value of your ticket

Using this formula

Expected Value =∑ payoff *Probability

Let plug in the formula

Expected value of ticket =950 ∗.03+(−50) ∗(100%-3%)

Expected value of ticket =950 ∗.03+(−50) ∗.97

Expected value of ticket=−20.

Therefore the expected value of your ticket is $-20

The expected value of your ticket is -$20.

The expected value is the summation of the multiplication of some random values with their probabilities of occurring.

The expected value estimates the chance that a favorable outcome will result.

Note that the cost of entering the raffle must be incurred whether the prize is won or not.

Cost for raffle = $50

Prize for raffle = $1,000

Probability of winning = 3%

Probability of losing = 97% (100% - 3%)

Expected value of winning = -$20 ($1,000 x 3% -$50)

Thus, the expected value of your ticket is -$20.

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An assessment is often carried out to fine out if someone or someone is performing up to task or doing what is expected.

Job Evaluation is simply refered to as a form of stepwise process of knowing the capabilities or worth of one job when compared to another job in the organisation. During this evaluation, the known capabilities of various jobs are thoroughly viewed or assessed so that wages can be paid based upon the worth of the job.

Conclusively, Relative worth is known by based on job description and job specification and as such, job evaluation helps to know wages and salary level for all jobs.

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Answer:

D. Lose control of your message

Answer:

A Dec-31

Dr Cash 24,500

Dr Accumulated Depreciation 184,000

Dr Loss on Sale of Used Machine 41,100

Cr Machine 249,600

B. Dec-31

Dr Cash 98,000

Dr Accumulated Depreciation 1,84,000

Cr Profit on Sale of Used Machine 32,400

Cr Machine 249,600

C. Dec-31

Dr Cash 35,000

Dr Accumulated Depreciation 1,84,000

Dr Loss on Machine destroyed in Fire 30,600

Cr Machine 249,600

Explanation:

A. Preparation of the journal entries to record the machine’s disposal if it is sold for $24,500 cash

Dec-31

Dr Cash 24,500

Dr Accumulated Depreciation 184,000

Dr Loss on Sale of Used Machine 41,100

(249,600-24,500-184,000)

Cr Machine 249,600

(240,000+8,000+1,600)

B. Preparation of the journal entry to record the machine’s disposal if it is sold for $98,000 cash

Dec-31

Dr Cash 98,000

Dr Accumulated Depreciation 184,000

Cr Profit on Sale of Used Machine 32,400

(249,600-98,000-184,000)

Cr Machine 249,600

(240,000+8,000+1,600)

C. Preparation of the journal entry to record the machine’s disposal if it is destroyed in a fire and the insurance company pays $35,000 cash

Dec-31

Dr Cash 35,000

Dr Accumulated Depreciation 184,000

Dr Loss on Machine destroyed in Fire 30,600

(249,600-35,000-184,000)

Cr Machine 249,600

(240,000+8,000+1,600)

Working:

Cost of machine = 240,000+8,000+1,600

Cost of machine= $249,600

Depreciation (Straight-Line method) = Cost - Salvage / no of years

Depreciation= (249,600-28,800)/6 yr

Depreciation=$36,800

Accumulated Depreciation of 5 Years =($36,800*5)

Accumulated Depreciation of 5 Years =$184,000

Answer:

- the amount of money that consumers are willing to pay for the product

Explanation:

A product's value can be described as the satisfaction it gives to consumers. A product's value is the benefit it generates to the final consumer. Customers are always willing to pay more for a product that offers higher benefits.  The demand for goods and services that offer less satisfaction to customers is always low, which makes them have low market prices.

The value of a product can be expressed as the amount of money that customers are willing to pay to obtain it.

Answer:

Relative wage coordination argument

Explanation:

Relative wage coordination argument states that even though workers are willing to accept wage cuts due to economic hardships. Wide implementation of wage cuts is hard because workers believe that not everyone will experience wage cuts.

So they will will fight against implementation of wage cuts.

In this scenario Campus Collective company has recently lost three large university clients that made up 40% of its total revenue. This has hit the company hard and management finds it necessary to reduce staff or wages.

Although employees are aware of the hardship they still fight against management on wage cuts because employees are also not sure if other people working their same jobs in the economy are getting reduced wages.

Answer:

Managerial accounting (also known as cost accounting or management accounting) is a branch of accounting that is concerned with the identification, measurement, analysis, and interpretation of accounting information so that it can be used to help managers in a company make choices for it.

Explanation:

Answer:

Management accounting is the accounting used by managers.

Explanation:

For example, imagine a company makes cookies. In order to make a profit on cookies, the management needs to decide, what raw materials to use. How much will they cost? If the raw materials per cookie is $20, then how much should the profit be set to per batch? If the targetted profit is 25% then the price for the cookies to the end customer will have to be $25.

Also, management accounting helps identify how many units to make. So, for example, your bakery costs $1000 rent per month. So, you want to know how many cookies you'll have to sell to at least be able to pay rent for your shop? This is where we do a break-even analysis. So, if you're selling cookies for $25 and cost to make is $20, you're only left with $5.

Now, $1000/$5 = 200 cookies. Now, you know that as a manager/owner that if you want to be able to just make the business viable, you have to sell 200 cookies at $25 a piece.

If no estimated taxes have been paid. the amount that Tringali will report as income tax payable for its first year of operations is $71,250.

Using this formula

Income tax payable=(Taxable incomex Tax rate)+Temporary difference depreciation

Let plug in the formula

Income tax payable=($265,000 x 25%)+($20,000×25%)

Income tax payable=$66,250+$5.000

Income tax payable=$71,250

Inconclusion  the amount that Tringali will report as income tax payable for its first year of operations is $71,250.

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Minimize Costs:

Auditing regularly

Managing resources

Minimize Risks:

Identifying harmful events

Controlling and mitigating uncertain events.

To minimize project costs, project manager Anna can implement regular auditing processes to identify any areas of unnecessary expenditure or inefficiencies. By regularly reviewing the project's financial aspects, she can identify cost-saving opportunities and make adjustments accordingly.

To minimize project risks, project manager Anna can proactively identify potential harmful events or factors that could jeopardize the project's success. By conducting thorough risk assessments, she can identify the key risks and develop appropriate risk mitigation strategies.

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Labor efficiency variance = (Actual hour * Standard rate) - (Standard hour * Standard rate).

Labor efficiency variance = $404,600 F

By "efficiency of labor," we mean a worker's ability to produce more or better work, or both, over the course of a given amount of time.

1) Labor efficiency variance = (68,000 * $17) - ((30,600 * 3) * $17)

Labor efficiency variance = $1,156,000 - (91,800 * $17)

Labor efficiency variance = $404,600 F

2) Variance in direct labor worked divided by variance in labor efficiency

Variance in labor costs is $404,600 - $68,000.

Variance in labor costs = $336,600 F

3) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.

Manufacturing variable overhead cost = 24,000 * $21

$504,000 is the variable manufacturing overhead cost.

4) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.

Cost of variable overhead in production = 30,600 * $21

$642,600 is the variable manufacturing overhead cost.

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Answer:

$32769.90

Explanation:

As, Amount = Principcal( 1 + Rate/100)^n

So, 25000 ( 107/100) ^ 4 (as, n = time = 4 years)

So answer= $32,769.90