The following transactions apply to Ozark Sales for Year

1: The business was started when the company received $49,000 from the issue of common stock.
2. Purchased equipment inventory of $176,500 on account. Sold equipment for $203,000 cash (not including sales tax).
3. Sales tax of 7 percent is collected when the merchandise is sold. The merchandise had a cost of $128,000.
4. Provided a six-month warranty on the equipment sold. Based on industry estimates, the warranty claims would amount to 3 percent of sales.
5. Paid the sales tax to the state agency on $153,000 of the sales.
6. On September 1, Year 1, borrowed $20,000 from the local bank. The note had a 6 percent interest rate and matured on March 1, Year 2.
7. Paid $5,500 for warranty repairs during the year.
8. Paid operating expenses of $53,500 for the year.
9. Paid $124,200 of accounts payable.
10. Recorded accrued interest on the note issued in transaction no. 6.

Required:
a. Prepare the journal entries for the above transactions and post them to the appropriate T-accounts.
b. Prepare the income statement, balance sheet, and statement of cash flows for 2016.
c. What is the total amount of current liabilities at December 31, 2016?

Answer:

Total interest paid = $606.63

Explanation:

First calculate the monthly payment for first six months

Monthly interest for first 6 months =.006/12=.0005

= 6500*(1.0005)^6

=6519.52

Interest rate for next six months

=17.37%/12=1.45%

(1.0145)^6=1.090054

=6519.52*(1+.0145)^6

=7106.63

Total interest paid = 7106.63-6500  

Total interest paid = 606.63

The required journal entries in the books of Jolie Company to record the disposal of the equipment are as follows:

Journal Entries:

Debit Sale of Equipment $342,500

Credit Equipment $342,500

Debit Accumulated Depreciation $222,625

Credit Sale of Equipment $222,625

Data Analysis:

Sale of Equipment $342,500 Equipment $342,500

Accumulated Depreciation $222,625 Sale of Equipment $222,625

If the disposal or sale is for cash, the Cash Account is debited while the Sale of Equipment is credited.  From the Sale of Equipment account, the profit or loss from disposal will be determined.

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The three details which Dawn should include on the label for retail sale at the store include the following:

A product label can be defined as a paper document that is designed and developed to provide specific information about the chemical elements, ingredient list, nutrients, storage guidelines, and other chemical compounds that are present in a product and its general use or function, including storage guidelines.

This ultimately implies that, a product label is a paper document which must be used by manufactures and store managers to specify the nutrients, ingredient list, chemical elements, storage guidelines, expiry date, and other compounds that were used to make a particular product.

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The upper and lower 3 - sigma chart limits would be 18.32 and 0 respectively.

The 3-sigma control chart is a type of control chart that uses a mean line and control limits that are three standard deviations above and below the mean.

The mean is :

= (7 + 9 + 9 + 11 + 7 + 8 + 1 + 10 + 13 + 2) / 10 = 77 / 10

= 7.7

The standard deviation (σ ) is :

= √ ([0.49 + 1.69 + 1.69 + 10.89 + 0.49 + 0.09 + 44.89 + 5.29 + 28.09 + 32.49] / 10)

= √([125.1] / 10)

= √[12.51]

= 3.54

Upper control limit (UCL) = mean + 3σ = 7.7 + 3 * 3.54

= 18.32

Lower control limit (LCL) = mean - 3σ = 7.7 - 3 * 3.54

= -2.92

The lower control limit cannot be negative because we cannot have a negative number of defective items. So, in practice,  set the lower control limit at zero.

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Answer:

The first thing is to categorize target customer to either by Sex, group age.social status.etc..

econdly,it to identify preferred offer that suite each category

Thirdly ,Create different offer at different seasonal or Holiday to attract local people.

fourthly,improve the indoor design and the outlook of the premises.

Explanation:.

The best way is to Capture target customer and provide essential services that makes them ask for more

If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is :  $3071.

Monthly payment can be defined as the amount a person received on a monthly basis.

First step is to convert the month to  year

Month to year = 24 / 12

Month to year = 2 years

Second step is to find the interest using this formula

I = P × R×T

Where:

I = Interest

P = Principal

R = rate

T = time

Hence

I = 63,000 × 2 × 8.5%

I = 10,710

So,

P+ I = 63,000 + 10,710

P+I = 73,710

Now let find the monthly payment:

Monthly payment = 73,710 / 24 months

Monthly payment = $3,071.25.

Monthly payment = $3,071 (Approximately)

Therefore the monthly payment is the amount of $3071

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Answer:

M1 $1.24 trillion

M2 $4.41 trillion

M1 and M2 money have several definitions, ranging from narrow to broad. M1 = coins and currency in circulation + checkable (demand) deposit + traveler's checks. M2 = M1 + savings deposits + money market funds + certificates of deposit + other time deposits.

Answer:

Giada should join FEA.

Explanation:

Giada wants to decide which club she can choose for her high school in her extra curricular activity fair.

Giada is not very good with blood as she faints when she sees blood so HOSA is not good for her as it is a health care field.

Giada cannot join FCCLA and TLA as she does not want children's and she is not very fond of public speaking.

Giada can join the club for FEA because Finite Element Analysis is related with fixing of elements and she has an interest in this field.

Therefore, Giada should join the CTSO for the FEA because this field relates to her interests.

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Answer:

c) 143 meals

Explanation:

30% of 10 is 3

10-3=7

1000/7=142.857143

round up.

Answer:

65,100,100 baby boomers were working: 6.3 %

Explanation:

In 2016, 155,000,000 people were working.

42 percent were baby boomers,

The actual number of baby boomers were

= 42/100 x 155,000,000

=0.42 x 155,000,000

=65,100,100 baby boomers were working

If 15 percent of baby boomers were to retire in 10 years

The number ow retirees will

=15% of 65,100,100

=15/100 x 65,100,100

=0.15 x 65,100,100

=9, 765,015

As a percentage of the number of people working in 2016

= 9, 765,015/155,000,000 x 100

=0.0630000 x 100

=6.3 %

Answer:

Revision of Paragraph to Incorporate a Bulleted List

A high-powered MBA program costs hundreds of dollars an hour. However, our program covers the same information. That information includes the following:

O entrepreneurship tips as well as how to start a business,

O writing a business plan and understanding taxes,

O writing a marketing feasibility study, and

O employment benefits plans.

Explanation:

To correctly understand a bulleted list, it is important to differentiate it from a numbered list.  Each bulleted paragraph is started with a symbol without the use of a number.  This means that the list is not ordered in any particular order.  On the other hand, a numbered list has a sequential or ordered number for each paragraph list.

Based on the information you provided, Chester’s senior management decided to fully fund a plant and equipment purchase by issuing 75,000 shares of stock plus a new bond issue. Assuming the stock can be issued at yesterday’s stock price ($38.45) and leverage changes to 2.7, we can calculate the following:

A. Total investment for Chester will be $217,192,866 B. Total liabilities will be $120,024,454 C. Chester will issue stock totaling $2,883,750 D. Working capital will remain the same at $16,588,390 E. Total Assets will rise to $235,535,291 F. Equity will be $97,511,437.

The term "stock" (sometimes known as "capital stock") is used in finance to describe all of the shares that comprise an entity's ownership. Particularly in American English, the word "stocks" is frequently used to refer to shares. Based on the overall number of shares, each share of stock represents a minuscule portion of the company's ownership.

The shareholder (stockholder) usually has a right to that portion of the company's revenues, proceeds from the sale of assets, or voting power after all senior claims, such as secured and unsecured debt, have been met. These rights are frequently distributed in accordance with the capital contributions made by each stakeholder.

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ur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur momur mom

The Gross Margin Percentage is 31.62%.

Sales Price = (14,000 gallon*$3.5 + 15,500 gallon*$6)

Sales Price = $49,000 + $93,000

Sales Price = $142,000

Total Processing Costs = $49,000

Separable Costs = $13500 + $34600

Separable Costs = $48,100

Gross profit = Sales Price - Total - Processing Costs- Separable Costs

Gross profit = $142,000 - $49,000 - $48,100

Gross profit = $44,900

Gross Margin Percentage = Gross profit/Sales Price * 100

Gross Margin Percentage = $44900 / $142000 * 100

Gross Margin Percentage = 31.62%

Therefore, the Gross Margin Percentage is 31.62%.

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Due to the way they were taught, Generation Y really has a propensity to struggle with problem solving, failing, accepting and learning from errors, and having realistic expectations. Independence, accountability, and responsibility are all reduced.

What Every Manager Needs to Know About Managing Generation Y

The stereotypes about millennials include being too relaxed, impatient, and lazy. Employers of Generation Y workers say that these people have low standards for pay, a poor work ethic, and difficulty focusing and concentrating. They seem to be hopping jobs in an outrageous manner.

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Answer:

222222222222222222222222222

Supply Chain Risk Management (SCRM), it is "the application of strategies to manage both routine and extraordinary risks along the supply chain based on continual risk assessment with the purpose of minimising vulnerability and maintaining continuity."

The implementation of Supply Chain Risk Management activities within and between businesses can be organised like these:

Thus, through aforementioned ways the implementation of Supply Chain Risk Management processes be organised within and across companies.

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The normal loss is not allocated to completed units, as it is a normal part of the process and therefore is considered a joint cost. Below are the quantity statement, cost statement, and cost allocation statement.

2.1 Quantity Statement (with equivalent production)

| Process Stage | Units (physical) | % of completion | Equivalent Production Units |

| Opening WIP | 2,000 | 25% | 500 |

| Started production | 15,000 | 100% | 15,000 |

| Total | 17,000 | | 15,500 |

| Completed & Transferred | 8,000 | 100% | 8,000 |

| Closing WIP (80%) | 9,000 | 80% | 7,200 |

| Total Output | 8,000 | 100% | 8,000 |

2.2 Cost Statement

| Process Stage | Material Cost | Conversion Cost | Total Cost | Cost per Equivalent Production Unit |

| Opening WIP | R100,000 | R10,000 | R110,000 | R220.00 |

| Started production | R600,000 | R80,000 | R680,000 | R45.33 |

| Total (transferred) | R400,000 | R50,000 | R450,000 | R56.25 |

| Closing WIP | R200,000 | R26,000 | R226,000 | R31.39 |

| Total | R1,300,000 | R166,000 | R1,466,000 | R94.58 |

2.3 Normal Loss Calculation

Normal wastage amounts to 5% of the inputs that reach the identification of wastage stage in the process. Wastage occurs when the process is 20% complete. Therefore, calculate the equivalent production units for the normal loss separately.

Inputs for normal loss: 15,000 units x 105% (to account for normal loss) = 15,750 units

| Process Stage | Units (physical) | % of completion | Equivalent Production Units |

| Normal Loss | 15,750 | 20% | 3,150 |

| Total | 15,750 | | 3,150 |

The normal loss is 3,150 equivalent production units.

2.4 Cost Allocation Statement

| Cost Item | Total Cost | Cost per EPU | Cost per completed unit |

| Material Cost | R1,300,000 | R84.52 | R162.50 |

| Conversion Cost | R166,000 | R10.75 | R20.75|

| Normal Loss Allocation | R39,075 | R12.40 | - |

| Total Cost | R1,505,075 | | |

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Answer:

1

Explanation:

If each doll shirt gets 5 buttons then only one can be finished with 5 buttons.

Answer:

A. 17.1%

Explanation:

1. Based on the “Wealth Management Crisis at UBS,” my opinion is that the government and national culture of Switzerland, the U.S. Treasury, and some corrupt governments around the world, played a major role in aiding the tax fraud scandal committed by more than 52,000 U.S. residents.

The extent to which the corporate culture of UBS also contributed to the scandal is that the bank continued to help these U.S. residents to hide billions of dollars in untaxed assets.  Why should the bank deliberately hide accounts for U.S. residents?

2. The global financial crisis between 2007 and 2009 helped in uncovering the secret accounts and tax fraud scandal because its challenges encouraged the U.S. Department of Justice (DOJ) decided to investigate the tax frauds committed by foreign account holders.

The implication is that without the global financial crisis, the investigations that uncovered the tax fraud would not have been initiated by the U.S. Department of Justice (DOJ) soon.

3. It matters to the entities that could have been impacted by the scandal.  For instance, the U.S. Treasury was being deprived of hundreds of millions of dollars in taxes, according to the report.

Without the bailment from the Swiss government, UBS would have collapsed.  Many account holders would have lost their savings in the process.

There is no way no losses would not have been incurred if the scandal continued.

4. Importantly, we are not supposed to wait for the next global recession to uncover similar financial scandals and tax frauds around the world.

Thus, tax havens, like the UBS, must come under rigorous investigations from time to time.  Such regular investigations would deter would-be tax fraudsters and assets looters from committing to hiding their accounts.

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Answer:

False. Have a Good day I hope this helps

Explanation:

Answer:

a action plan is a detailed outlining actions needed to reach one or more goals

Answer:

Separation and or termination in HR relates to the cessation of the relationship between employer and employee.

Separation and or termination of the contract may occur in the following ways:

1. Constructive Discharge

2. Firing

3. Layoff

4. Termination by Mutual Agreement

5. Termination with Prejudice

6. Termination without Prejudice

7. Involuntary Termination of employment contract

8. Voluntary Termination of employment contract

9. Wrongful Termination of employment contract

10. Cessation of Temporary Contracts

Explanation:

Regardless of the type of separation or termination which occurs, the business owner and the the HR manager must realize that the HR funnel must never run short of hands with which the organization will attain its goals/objectives.

Recognizing the times lines for contracts that are terminal in nature, anticipating and preparing for sudden separation and planning adequately for these occurrences using HR Planning enables the business to continue to thrive regardless of its rate of turnover.

Cheers

Answer:

Telecom Stock

If the price of the Telecom stock goes up by 9% during the next year, your rate of return will be:

= 10.4%

Explanation:

a) Data and Calculations:

Current market price = $62 per share

Investment in stock = $12,400

Margin account =        $6,200

Loan =                         $6,200 ($12,400 - $6,200)

Units of stock bought on margin = 200 ($12,400/$62)

Margin account interest rate = 7.6%

Growth rate of stock price = 9%

Expected market price of the stock = $67.58 ($62 * 1.09)

Expected value of stock = $13,516 (200 * $67.58)

Interest on loan =                  $471.20 ($6,200 * 7.6%)

Principal & loan amount  $12,400

Return on the stock =          $644.80

Rate of return = 10.4% ($644.80/$6,200 * 100)

The payback period for this investment is 2.55 years.

The payback period is a capital budgeting method. It is used to determine how long it would take to recover the amount of money invested in an project from the cumulative cash flows.

An advantage of the payback period method is that it is easy to calculate. A drawback is that it ignores the time value of money.

Payback period = amount invested in the van / cash flows

$133,750 / $52,500 = 2.55 years

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The nominal interest rate and real interest rate are same. This is due to the fact that the rate of inflation is the only distinction between the real interest rate and the nominal interest rate. Because there is no inflation, both the nominal and real interest rates are the same.

When the interest rate on a loan is 2 percent and inflation is 3 percent, the lender's after-inflation return is less than zero. As a result, we state that the real interest rate—defined as the nominal rate less the rate of inflation—is negative.

This is due to the fact that inflation reduces the actual worth of the money that will be returned at the conclusion of the loan period, causing the real (inflation-adjusted) rate of interest to be lower than the nominal rate.

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Occupational hygiene focuses specifically on three types of exposures are:

Occupational hygiene can be described as the process that is been used in the work placer so that it can focus on the monitoring as well as preservation of the people of the workplace from any hazards.

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Answer:

≈ 9644 quantity of card

Explanation:

given data:

n = 4 regions/areas

mean demand = 2300

standard deviation = 200

cost of card (c) = $0.5

selling price (p) = $3.75

salvage value of card ( v ) = $ 0

The optimal production quantity for the card can be calculated using this formula below

= u + z (0.8667  ) * б

= 9200  +  1.110926 * 400

≈ 9644 quantity of card

First we have to find u

u = n * mean demand

 = 4 * 2300 = 9200

next we find the value of Z

Z = ( \(\frac{p-c}{p-v}\) )

   = ( 3.75 - 0.5 ) / 3.75   = 0.8667

Z( 0.8667 ) = 1.110926 ( using  excel formula : NORMSINV (0.8667 )

next we find б

б = 200\(\sqrt{n}\) = 400