The Work in Process inventory account of a manufacturing firm shows a balance of $3,000 at the end of an accounting period. The job cost sheets of two uncompleted jobs show charges of $500 and $300 for materials, and charges of $400 and $600 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor costs, of:

The Closing Balance (Debit - Credit): 24,322 - 20,934 = 3,388 (Debit)

Trade payables general ledger account:

Trade payable: SWEETS TRADERS (PTY) LTD

DATE Description Debit Credit

Totals brought forward / Opening Amount  14,822 15,934

January 5 Purchased goods on credit  5,000

January 10 Returned damaged goods 1,000

January 15 Payment to Sweets Traders 8,000

January 20 Received credit note for overpayment 500

To close off the account at the end of 31 January 2022, let's calculate the new balances:

Total Debits: 14,822 (Opening Amount) + 1,000 (Returned goods) + 8,000 (Payment) + 500 (Credit Note) = 24,322

Total Credits: 15,934 (Opening Amount) + 5,000 (Purchased goods) = 20,934

Closing Balance (Debit - Credit): 24,322 - 20,934 = 3,388 (Debit)

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The list of transactions for January 2022:

January 5: Lolly-Pop Traders purchased $5,000 worth of goods from Sweets Traders on credit.

January 10: Lolly-Pop Traders returned damaged goods worth $1,000 to Sweets Traders.

January 15: Lolly-Pop Traders paid $8,000 to Sweets Traders.

January 20: Lolly-Pop Traders received a $500 credit note from Sweets Traders for an overpayment.

Answer:

Year 1 Annual Worth of Defender -$95,700

Explanation:

Calculation to determine when the defending equipment should be retired

Year 1 Total Annual worth=-$37,000(AP 10%,1)-$85,000+($30,000 (AP 10%,1)

Year 1 Total Annual worth=-$37,000(1.10)-$85,000+$30,000(1.000)

Year 1 Total Annual worth= -$95,700

Therefore Total Annual worth of currently owned equipment for year 1 is -$95,700

Year 2 Total Annual worth=-$37,000(AP 10%,2)-$85,000+($30,000 (AP 10%,2)

Year 2 Total Annual worth=-$37,000(0.57619)-$85,000+$19,000(0.47619)

Year 2 Total Annual worth=-$97,217

Therefore the Total Annual worth of currently owned equipment for year 2 is $-97,271

Therefore Based on the above calculation the

the economic service life of equipment will be year 1 reason been that Year 1 Total annual worth of costs of the amount of -$95,700 is lesser in a situation where the equipment is been retained for 1 year.

It's important to build positive relationship in order to:

It should be noted that a positive relationship is important for a business.

This is important to increase revenue, the customer base, customers loyalty, and the growth of the business.

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The reasons why entrepreneur has to build positive relationship with his customer are

This is a person that is new in the business world. This person is new and yet to have much experience in the field of entrepreneurship.

It is important that this person has a good relationship with customers because they would be loyal to him.

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Answer:

bro is this even a question

Explanation:

I don't know if I'm slow or if their is no question

Interest expense debit $340 note payable account debit $2, 674 cash account credit $3,014 is the entry for the first-month entry to payment.

Accounts payable are short-term liabilities incurred for purchases made with suppliers and merchants on credit. Long-term liability accounts known as notes payable are incurred as a result of funding provided by banks and other lending institutions.

Cash                               68,000

Notes Payable                      68,000

   (Issuance of installment note)

For the first monthly payment, $68,000 is the initial amount borrowed and the interest rate is 6% per annum or 0.5% per month. Therefore, the interest portion of the payment is: Interest Expense = Outstanding Balance x Interest Rate

                = $68,000 x 0.005

                = $340

The remaining amount of the payment is applied towards reducing the outstanding balance: Payment = Installment Amount - Interest Expense

       = $3,014 - $340

       = $2,674

The journal entry to record the first monthly interest payment is:

Interest Expense                   340

Notes Payable - Current Portion 2,674

Cash                             3,014

 (Record first monthly payment)

Thus, The "Notes Payable - Current Portion" account represents the portion of the note that is due to be paid within the current year (i.e. within the next 12 months).

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Answer:

checking account deposits.

Explanation:

In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.

Simply stated, money refers to any asset which can be used to purchase goods and services by customers.

This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.

Additionally, the rate at which an asset can be used to purchase any goods or services refers to its liquidity. Thus, liquidity is a quality or characteristics of money as a medium of exchange. Therefore, money is a generally accepted medium of exchange around the world.

The three (3) main functions of money all over the world are;

I. Medium of exchange.

II. Unit of account.

III. Store of value.

However, most payments in the United States for goods and services are made using checking account deposits.

Answer:

Explanation:

In 1911, Frederick Winslow Taylor published his work, The Principles of Scientific Management, in which he described how the application of the scientific method to the management of workers greatly could improve productivity.

hope it helps

Answer:

If inflation were 5%, the value of the call in 50 years would be $ 57.33; while if inflation were 10% the value of the call would be $ 586.95.

Explanation:

Given that a telephone call to London that currently would cost $ 5, to determine, if the real price of telephone calls does not change in the future, how much will it cost you to make a call to London in 50 years if the inflation rate is 5% and if inflation is 10%, the following calculations must be made:

5 x 1.05 ^ 50 = X

5 x 11.4674 = X

57.33 = X

5 x 1.1 ^ 50 = X

5 x 117.39 = X

586.95 = X

Therefore, if inflation were 5%, the value of the call in 50 years would be $ 57.33; while if inflation were 10% the value of the call would be $ 586.95.

Answer:

Direct democracy.

Representative democracy.

Constitutional democracy.

Monitory democracy.

Explanation:

i think this is correct answer based off you question.

Inferring that you don't need to study for the exam by watching TV, if I may assume so.

Study can also indicate research, which is a method of gaining new knowledge. Learning strategies and study skills. A room in the home that functions similarly to a home office is the study. Drawings made prior to a larger work of art are called studies. Studying is crucial for the development of personal talents in addition to schooling. Your self-esteem, competence, and confidence can all increase with effective study techniques. Furthermore, it aids in lowering tension and stress related to tests and deadlines. Active listening, reading comprehension, taking notes, managing stress, managing time, taking tests, and remembering are all skills. You learn more about historical events, current activities, and future developments by studying.

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Answer:

Explanation:

Insurance protects yourself, your assets, or even your family against financial loss. Oftentimes, events, such as cancer or a car accident, are random and have the potential to financially run people. Insurance is a way to reduce the financial impacts of these risks.

Shark Enterprises practices a marketing strategy where its limited resources .  Shark Enterprises practices concentrated strategy.

Option E is correct.

When a company focuses on a particular group of customers, a particular product, or a particular geographic market, this is known as a concentration strategy. The primary objective is, as the name suggests, to permit the business to concentrate rather than diversify their efforts.

The Concentration Strategy helps you specialize in various creation cycles, advertising, and limited-time activities. As part of the concentration strategy, domain in a single product or service reduces production costs.

Your company will be able to develop the most effective strategy for reaching a specific segment of its target audience by focusing on concentrated marketing. As a result, you will strengthen customer loyalty and retention.

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Answer:

An apple, potato, and onion all taste the same if you eat them with your nose plugged

Explanation:

Answer:

Their duties are related, and their knowledge overlaps.

Explanation:

The Department of Labor of the United States, is the department that administers occupational safety, salary, working hours, etc. The department oversees the welfare of those who earn wages, seeking jobs, or retired people.

The Department of Labor grouped together the three separate occupations of plumbering, pipefitting, and steamfitting because their duties are somewhat related, and skills and knowledge intersect with each other.

The duties performed by plumbers, pipefitters, and steamfitters include installing of pipes, fixing pipes, inspection of pipelines and pipe systems, repairment of pipes, etc. And the knowledge of pipe of all three occupations is also similar. It includes pipe system design, safety, tool use, etc.

Thus the Department grouped them together because they have overlapping skills and knowledge, and similar duties. Therefore, the correct answer is the last option (D).

1. the postal service experienced an increase in total contribution margin of $7.00

2. The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.

3. The postal service should set the selling price for the deluxe souvenir sheet at $15.00

4. The exact number of deluxe sheets is 45.

Calculation of the increase (decrease) in total contribution margin:

The contribution margin is calculated as the selling price minus the variable cost per unit. Given the information, we have:

Selling price of regular souvenir sheets: $8.00

Selling price of deluxe souvenir sheets: $15.00

Number of regular souvenir sheets sold: 80,000

Number of deluxe souvenir sheets sold: 50,000

To calculate the increase (decrease) in total contribution margin, we need to compare the contribution margin of the two scenarios:

Contribution margin regular souvenir sheets = Selling price - Variable cost

= $8.00 - Variable cost

Contribution margin deluxe souvenir sheets = Selling price - Variable cost

= $15.00 - Variable cost

To find the increase (decrease), we'll subtract the contribution margin of regular souvenir sheets from that of deluxe souvenir sheets:

Increase (decrease) in contribution margin = Contribution margin deluxe - Contribution margin regular

= ($15.00 - Variable cost) - ($8.00 - Variable cost)

= $15.00 - $8.00

= $7.00

So, the postal service experienced an increase in total contribution margin of $7.00 when selling 50,000 deluxe souvenir sheets compared to selling 80,000 regular souvenir sheets.

2. Calculation of the percentage increase in selling price and unit sales:

Percentage increase in selling price = [(Selling price deluxe - Selling price regular) / Selling price regular] * 100

= [(15.00 - 8.00) / 8.00] * 100

= 87.5%

Therefore, the St. Vincent post office increased the selling price for the deluxe souvenir sheet by 87.5% compared to the regular souvenir sheets.

Percentage increase in unit sales = [(Unit sales deluxe - Unit sales regular) / Unit sales regular] * 100

= [(50,000 - 80,000) / 80,000] * 100

= -37.5%

The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.

3. Calculation of the selling price for the deluxe souvenir sheet to maintain the same total contribution margin per unit:

To maintain the same total contribution margin per unit, the selling price for the deluxe souvenir sheet should be equal to the selling price for the regular souvenir sheet plus the increase in contribution margin per unit:

Selling price deluxe = Selling price regular + Increase in contribution margin

= $8.00 + $7.00

= $15.00

So, the postal service should set the selling price for the deluxe souvenir sheet at $15.00 to maintain the same total contribution margin per unit.

4. Calculation of the number of deluxe souvenir sheets to be sold to equal the total contribution margin earned from selling 80,000 regular souvenir sheets:

Total contribution margin from selling regular souvenir sheets = Contribution margin regular * Number of regular sheets sold

= ($8.00 - Variable cost) * 80,000

To calculate the number of deluxe souvenir sheets to be sold, we'll set the total contribution margin equal to that of regular sheets and solve for the number of deluxe sheets:

Contribution margin deluxe * Number of deluxe sheets = Contribution margin regular * Number of regular sheets

($15.00 - Variable cost) * Number of deluxe sheets = ($8.00 - Variable cost) * 80,000

Simplifying the equation:

Number of deluxe sheets = (Contribution margin regular * Number of regular sheets) / (Contribution margin deluxe)

= ($8.00 - Variable cost) * 80,000 / ($15.00 - Variable cost)

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Answer:

To add a new external entity to the system described above, you could consider adding an external payment processing system.

This entity could send data to the system about successful payments made by art students, and this data could be used to update the booking file to reflect that the student has paid for their class.

Here is a possible context diagram for the updated system:

[Art and Craft Locator] <---> [Tutor Information File]

[Student Information File]

[Booking File]

[Payment Processing System]

And here is a possible level 0 DFD for the updated system:

[Art and Craft Locator] <--- [Tutor Information]

[Student Information]

[Available Tutors and Skills]

[Request for Tutor]

[Available Timings]

[Required Timing]

[Notification of Class Completion]

[Tutor Information File] <-- [Tutor Information]

[Student Information File] <-- [Student Information]

[Booking File] <-- [Required Timing]

[Notification of Class Completion]

[Payment Processing System] <-- [Payment Information]

You might think about including an external payment processing system in the system described above to introduce a new external entity.

Businesses carry out credit card and debit card transactions through payment processing. Payment gateways send data securely so that funds from a customer's issuing bank can be moved to a merchant's account, while payment processing services speed up card transactions.

Businesses that offer credit or debit card payment choices to their clients want a payment processing service provider that will assist them in crediting the funds to their bank accounts.

To make the payment process efficient and seamless for the merchants and customers, they work together with all parties involved. The people that provide payment processing services carry out the various procedures needed from transaction settlement to authentication.

They ensure that all non-paper money transactions result in the merchants receiving their money in their bank accounts.

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A marketplace is a physical or virtual place where two parties can gather to facilitate the exchange of goods or services. It is a space where vendors or merchants come together to sell their wares, and consumers come to buy what they need. A marketplace can be found in many forms and has evolved over time to keep up with the changing nature of trade and commerce.

Traditional marketplaces are physical locations where people gather to sell goods. They have been around since ancient times and continue to exist in many parts of the world. These marketplaces are usually located in urban areas, and vendors set up their stalls or shops to sell their wares.

They may sell food, clothing, handmade crafts, or other products. People come to these marketplaces to buy what they need, socialize, and enjoy the atmosphere.Virtual marketplaces, on the other hand, are online platforms where people can buy and sell products.

These marketplaces are accessible from anywhere with an internet connection and have become increasingly popular in recent years. Popular examples of virtual marketplaces include Amazon, eBay, and Etsy.

These platforms allow vendors to reach a broader audience and sell their products worldwide.In conclusion, marketplaces are crucial for facilitating the exchange of goods and services. They have been around for centuries, and their evolution has resulted in various forms, including traditional and virtual marketplaces.

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Answer:

Is it account? or business?

Explanation:

Is it account or business??

Option (c), All of the following are implied by the micro-EWOT, with the exception of uncritical reasoning.

EWOT poses no risks or adverse effects when used correctly and for no more than 15 minutes at a time. When more oxygen is breathed than is recommended, there is no risk of becoming ill from it.

HBOT functions in a different way than EWOT. HBOT is a passive procedure in which the pressure forces oxygen into the tissues. More oxygen enters the tissues as a result of the plasma's super saturation caused by EWOT. After then, the extra oxygen is used by the body.

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The complete question is:

The micro-EWOT implies, inter alia, all of the following, EXCEPT

Different options in the market:

The distribution center has two options when it comes to replacing its forklifts – leasing or purchasing. With leasing, the center would use the forklifts for a specified period, usually a few years, and then return them to the leasing company. On the other hand, purchasing the forklifts will give the center permanent ownership of the forklifts.

Accounting treatment of the options:

Leasing forklifts is treated as an operating expense that is reflected in the income statement. The lease payments are recorded as expenses over the life of the lease. However, purchased forklifts are treated as a fixed asset that is depreciated over their useful life. The depreciation expense is recognized over several accounting periods on the income statement.

Tax implications of the options:

Leasing forklifts can provide significant tax savings for the business as the lease payments are fully tax-deductible expenses in the financial year they are made. In contrast, depreciation and interest expense for purchased forklifts are deductible over several years, so tax deductions are delayed.

Cost differentials and cash flow implications:

Leasing forklifts would result in lower upfront costs and lower monthly payments compared to purchasing, but the total cost of leasing is typically higher over the long term. In contrast, purchasing requires a substantial upfront payment or a loan, but the total cost is lower over the long term. Cash flow implications of purchasing include funding the entire upfront cost of the forklifts and paying for any maintenance and repairs needed over the lifetime of the forklifts, while cash flow implications of leasing include lower upfront costs but higher monthly payments, which will reduce available cash flow in the short term.

What would the correct decision be for the company:

The company should decide based on its financial situation, long-term business planning, and cash flow requirements. If the company has a limited budget, a short-term need for the forklifts, or requires the latest models frequently, leasing may be a better option. But if the company values ownership, anticipates long-term use or higher utilization, and has the cash resources or access to financing, purchasing may be the more cost-effective option. The decision should consider the financial implications, tax considerations, and cash flow requirements of either option.

Answer:   I heard its the second option, I cannot verify that. But i do have the awnsers to every question for the final in Entrepreneruship, Its on quizlet labeled Entrepreneurship. 37 terms.

Explanation:

Answer:

3. "...with the help of the internet"

Explanation:

In the tutorial it states examples of secondary market research (ex. journals, trade magazines, trade associations, or the Internet"

((Currently doing my final exam, hope all goes well with those taking the final as well))

Answer:

When a person goes to an expensive restaurant and the parents pay, this person is likely to order more food than if this person goes and pays himself or herself.

This is because in the first case we have the agency problem, because the principal, the parents, and the agent, the child, do not always act on each other best interests.

In the second case, on the other had, this problem does not exist because principal and agent are the same person, since the person who orders is the same person who pays.

A decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.

A decrease in the price of milk is likely to have a direct effect on the market for ice cream. Milk is a key ingredient in the production of ice cream, and so a decrease in the price of milk would lead to a decrease in the production cost of ice cream. The impact of this decrease in production cost will result in an increase in the supply of ice cream. The supply curve will shift to the right, showing that more ice cream is available for sale at any given price.

This means that the equilibrium price of ice cream will decrease because suppliers are willing to sell more ice cream at lower prices due to lower production costs. As a result, consumers would demand more ice cream because they would be able to purchase it at a lower price. This increase in demand would cause the demand curve to shift to the right, further increasing the equilibrium quantity of ice cream traded in the market.

Therefore, a decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.

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The state income tax that should be paid by Emmet Michael's is $1,336.50.

= (Gross pay - exemption amount) × income tax rate

= ($31,700 - $2,000) × 4.5%

= $29,700 × 4.5%

= $1,336.50

Therefore we can conclude that the state income tax that should be paid by Emmet Michael's is $1,336.50.

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Answer:

Explanation:

Step 1: Click on the Settings icon.

The Settings icon should be on your home screen and look like a gear.

Step 2: Tap your name. This should be at the top of the screen.

Step 3: Select “Subscriptions”

Step 4: Click on “Brainly Plus”

Step 5: Tap “Cancel Subscription”

Answer:

True

Explanation:

Fraud risk can be regarded as the

possibility of a firm been a prey of any fraudulent activity, it could be altering of financial records or extortion even stealing from the company, fraud can bring down a grown organization if not tackled. It should be noted that The presence of fraud risk factors increases the likelihood of fraud and may suggest that fraud is being perpetrated.

Yes. Accounting courses I took before helps us understand how to make cash budget and pro forma income statement and balance sheet.

Here's how accounting courses can help individuals in creating cash budgets, pro forma income statements, and balance sheets:

By studying accounting, individuals gain a solid foundation in financial concepts, reporting standards, and analytical techniques. This knowledge equips them with the skills necessary to create cash budgets, pro forma income statements, and balance sheets effectively.

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Markup percentage is calculated by dividing the gross profit of a unit by the cost of that unit.

Now, determine markdown. To determine sale price, divide the difference between the price by the actual selling price.

In the sale price, the price that is paid by the buyer at the time when something is sold. The good markup percentage is most businesses set a 50 percent markup.

In the Markup percentage is calculated by dividing the gross profit of a unit ( its sales price minus its cost to make or purchase for resale).

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Answer:The downward sloping nature of the PPC is due to the law of increasing opportunity cost. According to this law, with the fuller utilisation of the given resources, in order to produce an additional unit of one good, some of the resources are to be withdrawn from the production of another good.

Explanation: