The annual budgeted conversion costs for a lean cell are $180,000 for 1,000 production hours. Each unit produced by the cell requires 20 minutes of cell process time. During the month, 600 units are manufactured in the cell. The estimated materials costs are $30 per unit. (Do not round per unit cost. If required, round your answers to the nearest dollar.)
Required:
1. Journalize the following entries for the month:
a. Materials are purchased to produce 500 units.
b. Conversion costs are applied to 600 units of production.
c. The cell completes 450 units, which are placed into finished goods.
If an amount box does not require an entry, leave it blank.

The journal entry for Rs. 40, 000 purchases would include a debit to purchases and credit to cash or accounts payable.

The Purchases account is debited because the business has acquired goods, which is an asset. The Accounts Payable account is credited because the business owes money to the supplier for the goods.

Date                Account title                                Debit              Credit

XX -XXXX       Purchases                                Rs. 40, 000

                       Accounts payable                                           Rs. 40, 000

This journal entry will increase the balance of the Purchases account and the Accounts Payable account. The Purchases account will be used to track the cost of goods sold, and the Accounts Payable account will be used to track the amount of money owed to suppliers.

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The following answers are based on a monopoly economy.

A monopoly, as defined by Irving Fisher, is a market with "no competition," resulting in a scenario in which a certain individual or organization is the exclusive supplier of a given product.

To arrive at answer a, we need to recall that the equilibrium of a monopolist is when the Marginal Cost equals the Marginal Revenue and the Marginal Cost Curve (MC) cuts the Marginal Revenue Curve (MR ) from below.

At this point, the equilibrium output is 100, and the equilibrium price is $ 10 for every unit of production.

For the answer is b, given that the firm is producing 100 units of goods at an average total cost of $7.5 (derived from the point that aligns with MR = MC), therefore,

Total Cost   = Equilibrium Output * ATC (Average Total Cost)

= 7.5 * 100

= $750

To arrive at answer c,
Recall that Economic profit is the difference between the money collected from the sale of a product and the expenses of all inputs utilized, as well as any opportunity costs, is the economic profit or loss.

Hence, Economic Profit = Total Revenue (TR) Less Total Cost (TC)

= $1000 - $ 750

= $250

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Answer:

Hence the answer is given as follows,

Calculation of Activity rate:-

a) The revenues generated in 2018 were Br. 800,025.

b) The net income for the year 2018 was Br. 518,525.

The owner's equity increases with the following factors:

Increase in Owner's Equity = Br. 900,000

Additional investments = Br. 480,000

Withdrawals = 35% of investment expenses

= Br. 98,525 (35% x Br. 281,500)

Salaries Expenses 74,500

Advertising Expenses 42,000

Utilities expenses 50,000

Depreciation Expenses 80,000

Transportation Expenses 35,000

Total investment expenses = Br. 281,500

Net income (loss) = Br. 518,525 (Br. 900,000 -480,000 + 98,525)

Revenues = Br. 800,025 (Br. 518,525 + 281,500)

Thus, while the revenues generated in 2018 were Br. 800,025, the net income for the year 2018 was Br. 518,525.

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Answer:

Personal liability protection, business security and continuity

Answer:

False

Explanation:

Free trade agreements are economic cooperation deals between two or more countries.  In the agreement, the countries agree to put in measures that will promote trade between them. Free trade agreements are mostly about tariffs and duties that countries impose on each other imports and exports.

The purpose of the free trade agreement is for participating countries to review the tariffs to increase trade among participating countries. In most cases, a free trade agreement resorts to reduced tariffs and duties.

U.S. Federal legislative enactments and other official papers are typically considered works in the public domain for purposes of copyright protection.

Creative works that are not covered by intellectual property rules like copyright, trademark, or patent laws are referred to as being in the "public domain."

The works of William Shakespeare, Ludwig van Beethoven, Leonardo da Vinci, and Georges Méliès are examples of works that are in the public domain because they were either created before copyright existed or because the copyright period has passed.

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Answer:  The stock market helps companies raise money to fund operations by selling shares of stock, and it creates and sustains wealth for individual investors. Companies raise money on the stock market by selling ownership stakes to investors. These equity stakes are known as shares of stock.

Answer:

B. $17,880 favorable.

Explanation:

Sales revenue flexible budget variance = (149,000 units × $6.12 per unit) − (149,000 units × $6.00 per unit)

Sales revenue flexible budget variance = $911,880 − $894,000 = $17,880 favorable

Since actual sales were greater than the flexible budget amount, the variance is favorable.

Health and safety legislation affects customer service delivery as it requires staff in an organization to ensure the safety of themselves and others, and act responsibly.

There are many perspectives like Changes to tax regulations and rates can have a significant impact on a business. For example, a fall in the rate of corporation tax reduces the amount of tax that corporations have to pay on their profits.

Customer service staff who deal with customers should know about the impacts and effects of legislation and regulations that protect the consumer when buying goods and services.

Governments issue regulations related to environmental practices, employee practices, advertising practices, and much more.

Government regulations affect how companies structure their businesses, where companies decide to locate, how they classify their employees and thousands of other things.

Environmental regulations, intended to protect human health and the environment, generally result in higher production costs and lower productivity in firms, which can lead them to shift investment and production to less stringent locations.

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ANSWER: B) Lease the car with a 0 percent down payment.

EXPLANATION: The car Mark wants to buy has a price of $30,000 whereas his savings account has $500 and checking account has $300 which adds up to $800. The amount of money Mark has is only 2.66% of the cost of the car.

If he tries for option A which is buying the car with 10% down payment, then it would not have been possible as 10% of the car price would be $3,000. Mark at this moment will be short of money by $2,200.

If he tries for option B which is leasing with 0% down payment, Mark will be able own the car without paying any money and also saving the entire amount that his savings account and checking account has.

If he tries for option C which is leasing by paying 35% down payment, Mark will need $10,500. He will run short of money by $9,700.

If Mark tries for option D which is purchasing the car by paying 20% down payment, then he will need $6,000 which is impossible for Mark even if he pulls in money from both the accounts. He will run short of money by $5,200.ANSWER: B) Lease the car with a 0 percent down payment.

EXPLANATION: The car Mark wants to buy has a price of $30,000 whereas his savings account has $500 and checking account has $300 which adds up to $800. The amount of money Mark has is only 2.66% of the cost of the car.

If he tries for option A which is buying the car with 10% down payment, then it would not have been possible as 10% of the car price would be $3,000. Mark at this moment will be short of money by $2,200.

If he tries for option B which is leasing with 0% down payment, Mark will be able own the car without paying any money and also saving the entire amount that his savings account and checking account has.

If he tries for option C which is leasing by paying 35% down payment, Mark will need $10,500. He will run short of money by $9,700.

If Mark tries for option D which is purchasing the car by paying 20% down payment, then he will need $6,000 which is impossible for Mark even if he pulls in money from both the accounts. He will run short of money by $5,200.

A successful data-driven market segmentation program depends on the "use of transactional and event data", "a common definition of market segments", "and the development of a centralized CRM database" but it does not depend on "the rejection of tradiitional marketing research techniques".

The correct option to the given question is option a.

Traditional marketing research techniques, such as surveys, focus groups, and interviews, have long been used to gather insights about consumer behavior and preferences. While these techniques may have limitations, they still play a valuable role in understanding customer motivations and attitudes. Data-driven market segmentation programs can benefit from a combination of both traditional and data-driven research approaches. The use of transactional and event data is crucial for a data-driven market segmentation program. This type of data provides valuable information about customer behaviors, purchase patterns, and interactions with the business.

Having a common definition of market segments across all areas of the business ensures consistency and alignment in marketing efforts. This allows for targeted and personalized messaging that resonates with each segment. It also facilitates coordination between different departments, such as marketing, sales, and customer service, leading to a more cohesive and effective customer experience.

Finally, developing a centralized and accessible CRM database is essential for managing and analyzing customer data. It enables the integration of data from various sources, such as transactions, interactions, and demographic information, into a single platform. This centralized database provides a comprehensive view of customers, enabling more accurate segmentation and personalized marketing initiatives.

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Changes in the market environment impact how competitive the marketplace is, how many offerings are available, how many marketing communication channels are used, and how consumers behave.

Aspects of the business landscape are significantly impacted by changes in the market environment. First and foremost, they have an impact on the level of market competition because changes in variables like technology, rules, and consumer preferences can affect how businesses compete with one another.

Changes in the market environment can also have an impact on the variety and range of goods and services that are offered to customers. New technologies and trends have an impact on how businesses communicate with their target audiences through marketing channels. Last but not least changes in the market environment such as those in the economy in social trends and in technological advancements have a significant impact on consumer behavior causing changes in buying patterns and preferences.

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Adama Garment's Bale-robe store has the highest labor productivity. It generates 200 birr per labor hour, followed by Hawassa (40 birr/hour), Nekemt (16 birr/hour), and Dahirdar (12.5 birr/hour).

To calculate labor productivity, we divide the monthly sales volume by the labor hours. Bale-robe has the highest labor productivity because it generates the most sales per labor hour.

Here is the table showing the labor productivity of each store:

Store Sales volume (birr) Labor hours Labor productivity (birr/hour)

Bale-robe 12,000 60 200

Hawassa 60,000 500 40

Nekemt 40,000 250 16

Dahirdar 25,000 200 12.5

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Critical thinking questions1. Do you think Quirky’s basic business model is sound and fair? If you could suggest any changes, what would they be? Quirky’s basic business model is sound and fair because they involve the public in developing products by taking ideas from people and turning them into products, splitting the profits from the product sales with the inventor, and also collaborating with the inventor from the start of the idea to its final product.

However, there are a few changes I would suggest. First, the public could have more control over which product idea is to be developed into a product. Second, the company could offer more compensation to the inventor, especially if the product becomes a commercial success.2.

To what degree does Quirky’s business reflect the attributes of a sound business idea as described in Chapter 2?Quirky’s business idea reflects the attributes of a sound business as described in Chapter 2 of the text, including the following attributes:

Quirky is innovative in its business model, as it involves the public in developing products.Quirky has a good system of assessing the market’s demand for each product idea.

Quirky has a flexible business model, as it is able to adapt to changes in the market.3. In what other product areas would Quirky’s business model work the best?

Quirky’s business model could work well in a number of other product areas, including Home improvement and do-it-yourself (DIY) products;

Fashion and clothing; Outdoor gear and accessories; Personal care and hygiene; Consumer electronics.4. Think of the challenges in your own life that might represent a product idea for Quirky. If you don’t think of something right away, don’t give up.

All of us encounter problems and challenges in our everyday lives that might represent the basis of a promising idea. Be prepared to describe to others one of the challenges or problems you encounter and how a solution to the problem could be fashioned into a product idea to submit to Quirky.

One of the challenges I have encountered is the issue of losing small items such as keys, earrings, and others. A solution to this challenge could be fashioned into a product idea by developing a small, inexpensive device that could be attached to small items.

The device would emit a signal that would be detected by an app on the user’s phone if the item were lost. This could be developed into a product idea and submitted to Quirky for further development.

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Answer:

The below options are missing from the question:

a. the total amount of income earned since incorporation less distributions to shareholders

b. the total amount of income earned since incorporation

c. the amount of cash available to distribute to common shareholders

d. a reserve the firm can use to acquire another company

a. the total amount of income earned since incorporation less distributions to shareholders

Explanation:

The retained earnings of $8,863 million is the accumulated net income that the company has realized since it incorporation minus all dividends paid to shareholders since.

Note the formula for determining closing retained earnings is given below:

closing retained earnings=beginning retained earnings+net income-dividends

Answer: The answer is They have more tax liability.

Explanation:Trust is a fiduciary relationship.In this, a first party gives the right to assets or the right to hold the title to a second party for the benefit of a third party.The first party is called the Grantor.The second party is called as the Trustee.The third party is called as the Beneficiary.As the trust is a seperate legal and taxable entity, the tax payment of the trusts depend upon whether it is a simple trust,complex trust or a grantor trust.The tax brackets of trusts are more compressed.So, the trusts pay more taxes than individual taxpayers.

Answer:

I can't understand your question

In the context of operations management, scheduling refers to the assignment of start and completion times to particular jobs, people, or equipment.

Project management simply refers to the strategic process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service.

Under operations management (OM) and project management (PM), scheduling is a terminology which simply refers to the process of assigning both start (beginning) and completion (end or finish) times to a specific project, people, jobs, or equipment (machineries).

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The 2 statements are true about payment links in QuickBooks  Online are:

Quick books online is an accounting software that assist businesses manage their income and expenses. The software also keep track of the financial health of the business.

The Quickbook software helps in recording and processing financial transactions that are in monetary terms. The software is easy to access and therefore best for small and medium-sized business firms.

Therefore, the 2 statements are true about payment links in QuickBooks  Online are :

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Answer:

An incentive is something that motivates or encourages a person to take a specific action. Incentives can be positive, such as a reward or a benefit, or negative, such as a punishment or a cost. Incentives can be used to influence behavior and decision-making, and they are often used in economic and business contexts to motivate employees, consumers, or other stakeholders. Incentives can take many forms, including financial rewards, recognition, privileges, or other benefits.

You expect to be true about goods you buy is imported goods may cost more than the domestic goods.

Imported goods are products and services that are brought into a country from another country for the purpose of trade or consumption. These goods can include raw materials, finished goods, machinery, technology, and even skilled labor. The importation of goods is a critical aspect of international trade, as it enables countries to access products and services that may not be available locally or that may be available at a lower cost. In addition, imported goods often provide consumers with greater choice and variety, which can help to stimulate demand and competition in local markets. However, the importation of goods can also have negative effects on local industries and jobs, as imported goods may be cheaper and more competitive than locally-produced goods.

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As a teen, there are several ways to start making money. Here are some ideas that you can consider:

Babysitting: If you enjoy being around kids, babysitting can be a great way to earn money. You can start by offering your services to family and friends or by creating a profile on websites like Care.com or Sittercity.com.

Pet sitting and dog walking: If you are an animal lover, you can offer pet sitting or dog walking services in your neighborhood. You can advertise your services on social media or local bulletin boards.

Yard work: You can offer your services to mow lawns, rake leaves, and do other yard work for people in your neighborhood. You can start by asking your neighbors if they need help or by creating a profile on websites like TaskRabbit.com.

Freelance work: If you have skills in areas like graphic design, writing, or programming, you can offer your services as a freelancer on websites like Upwork.com or Fiverr.com.

Sell products online: You can start a small business selling products online, such as handmade crafts or reselling items you no longer need. You can use platforms like Etsy.com or eBay.com to sell your products.

Remember, the easiest way to start making money as a teen is to find something you enjoy doing and that you're good at. You can then market your skills or services to others in your community or online.

Answer:

To avoid the self-employment tax

Explanation:

The purpose of the self-employment tax is to provide Social Security and Medicare coverage and benefits for individuals who work for themselves. Self-employment income is the net income from a trade, business, or profession operated by a sole proprietor or partnership even if the business is full-time or part-time. They are exempted because they are employed by others.

Some groups who are exempt from self-employment tax includes:

1. Non resident aliens

2. Aliens who work for international organizations and foreign governments 3. Members of certain religious sects who meet requirements and waive all social security benefits etc.

Answer:

C

Explanation:

Answer:

hehe

Explanation:

hehe

Answer:

Date  Account titles and explanation      Debit        Credit

         Cash                                                  $14,700

                To Sales Discount                                      $300

                 ($15000 * 2%)

                To Accounts Receivable                            $15,000

         (Entries to record he cash received)