When the accounts of Metlock Inc. are examined, the adjusting data listed below are uncovered on December 31, the end of an annual fiscal period.1. The prepaid insurance account shows a debit of $6,288, representing the cost of a 2-year fire insurance policy dated August 1 of the current year.2. On November 1, Rent Revenue was credited for $1,662, representing revenue from a subrental for a 3-month period beginning on that date.3. Purchase of advertising materials for $730 during the year was recorded in the Advertising Expense account. On December 31, advertising materials of $308 are on hand. 4. Interest of $722 has accrued on notes payable.Prepare the following in general journal form. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) (a) The adjusting entry for each item. No. Account Titles and Explanation Debit Credit1. enter an account title for the adjusting entry I enter a debit amount enter a credit amount enter an account title for the adjusting entry enter a debit amount enter a credit amount2. enter an account title for the adjusting entry enter a debit amount enter a credit amount enter an account title for the adjusting entry enter a debit amount enter a credit amount3. enter an account title for the adjusting entry enter a debit amount enter a credit amount enter an account title for the adjusting entry enter a debit amount enter a credit amount4. enter an account title for the adjusting entry enter a debit amount enter a credit amount enter an account title for the adjusting entry enter a debit amount enter a credit amount(b) The reversing entry for each item where appropriate. No. Account Titles and Explanation Debit Credit1. enter an account title for the reversing entry enter a debit amount enter a credit amount enter an account title for the reversing entry enter a debit amount enter a credit amount2. enter an account title for the reversing entry enter a debit amount enter a credit amount enter an account title for the reversing entry enter a debit amount enter a credit amount3. enter an account title for the reversing entry enter a debit amount enter a credit amount enter an account title for the reversing entry enter a debit amount enter a credit amount4. enter an account title for the reversing entry enter a debit amount enter a credit amount enter an account title for the reversing entry enter a debit amount enter a credit amount

Answers

Answer 1

Answer:

1a. Dr Insurance expense $1310.00

Cr Prepaid insurance $1310.00

1b. No entry $0

2a) Dr Rent Revenue $554

Cr Unearned rent revenue $554

2b) Dr Unearned rent revenue $554

Cr Rent revenue $554

3a) Dr Advertisment expense $422.00

Cr Advertisment material $422.00

3b) No entry $0

4a) Dr Interest expense $722

Cr Interest payable $722

4b) No entry $0

Explanation:

Preparation of Journal entries

1a. Dr Insurance expense $1310.00

Cr Prepaid insurance $1310.00

(Being to record the prepaid amount recognized as an expense at the year end )

Prepaid= [6288/(2 years * 12 months)]

Prepaid= $262/month

Prepaid= $262*5 Months (August to December)

Prepaid= $1310.00

1b. No entry $0

2a) Dr Rent Revenue $554

Cr Unearned rent revenue $554

($1,662/3)

(Being to record the rent not due but received)

2b) Dr Unearned rent revenue $554

Cr Rent revenue $554

(Being to record the entry reversed at year end)

3a) Dr Advertisment expense $422.00

Cr Advertisment material $422.00

($730-$308)

(Being to record the amount recorded as expense for material used during the year )

3b) No entry $0

4a) Dr Interest expense $722

Cr Interest payable $722

(Being the amount accrued as interest)

4b) No entry $0


Related Questions

Which of the following is a common potential benefit of outsourcing services?

a. increased control over the service delivery decreased need to attend to people (customers of the service)
b. allowing greater focus on processes increased
c. ability to focus on core competencies
d. decreased need to control the quality of the service because it is outsourced

Answers

a typical potential advantage of outsourcing services is option c. The capacity to concentrate on core skills

The act of contracting with a third party to do tasks, run operations, or provide services on the company's behalf is referred to as outsourcing. Outsourcing is the process of hiring a third party from outside a business to carry out duties or produce goods that were previously handled in-house by the business's own staff members. In order to reduce costs, businesses frequently use outsourcing.

Outsourcing non-core operations can improve productivity and efficiency since another company can handle these small tasks more skillfully than the corporation can. Additionally, this strategy can increase industry rivalry, accelerate turnaround times, and lower overall operational costs.

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Liabilities are $130,000 and equity is $226,000. What are total assets?

Answers

Assets = liabilities + equity/capital
Assets = 130,000 + 226,000
Assets = 356,000

On January 1 of this year, Ikuta Company issued a bond with a face value of $100,000 and a coupon rate of 5 percent. The bond matures in three years and pays interest every December 31. When the bond was issued, the annual market rate of interest was 6 percent. Ikuta uses the effective-interest amortization method. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your answers to whole dollars.)
Required:
1. Complete a bond amortization schedule for all three years of the bond's life.
2. What amounts will be reported on the income statement and balance sheet at the end of Year 1 and Year 2?

Answers

Answer:

Sry iddk the answer sryyyyyy

Step 2. Search to find any summary about the company that mentions funds for starting the business. Try to find any information containing employee data in this section.
Step 3. Find the section where the product or service is detailed. Look to see what kinds of products or services will be involved with the business. Compare this with what other similar business plans are offering.
Record the information you found for steps 2 and 3. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.

Answers

We can see here that such company gotten after searching for company that mentions funds for starting the business is Go-o-gle.

Funds for starting the business: $1 million in funding from Andy Bechtolsheim.

Employee data: over 160,000 employees worldwide.

What is a company?

A company is a legal and organizational entity formed by individuals or a group of individuals with the purpose of conducting business activities. It is an association of individuals who come together to engage in commercial, industrial, or professional activities in order to generate revenue and make a profit.

Their products are digital and online services.

Comparing this company, we see Microsoft.

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Which phrase defines complimentary goods

Answers

I think this is a multiple choice question
So could you attach the options?!

What other information do i need to help me make a career decision?​

Answers

Answer:

How to make a decision

Here are some steps you can take to help you make a decision that involves your career:

Identify and investigate the decision.

Set aside time to think.

Consider your options.

Remember your values.

Ask for a different perspective.

Evaluate your plan.

Explanation:

In 1974, the price level for Pacifica was 100, the price level for Atlantica was also 100, and in the foreign exchange market 1 Pacifica pound was equal to 1 Atlantica mark. In 2003, the price level in Pacifica had risen to 280 and the price level in Atlantica had risen to 360. a. According to PPP, what should the pound-mark exchange rate be in 2003

Answers

Answer: 0.78 pound mark exchange rate

Explanation:

The Purchasing power parity (PPP) is typically used to make comparison between the currencies of different countries' currencies and also used in comparing their standards of living.

According to PPP, the pound-mark exchange rate in 2003 will be calculated as:

= 280/360

= 0.78

In many nations, the advancement of the economy has created more prosperous middle and working classes and advancements in communication have minimized the state’s ability to censor information. Both factors have led to the

Answers

As the economy and communication advancement created more prosperous middle, working classes and minimized the state's ability to censor information., then, these have led to the spread of democracy.

What is democracy?

The concept of democracy relates to having a prosperous nation whereby every citizen have a fair right and enjoyment in the country.

In conclusion, both factors of economy and communication advancement have led to the spread of democracy.

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Using skills, tools, and techniques to help you accomplish goals within a certain amount of time is called:
A. a mental goal
B. a long-term goal
C. a short-term goal
D. time management

Answers

D. Time management refers to the process of using skills, tools, and techniques to help individuals or organizations accomplish their goals within a certain timeframe. It involves planning, organizing, prioritizing, and allocating time effectively and efficiently.

Time management is crucial for both personal and professional success. It enables individuals to make the most of their available time, increase productivity, and reduce stress. By setting specific goals and breaking them down into manageable tasks, individuals can create a roadmap for their actions.

Tools and techniques such as creating schedules, using calendars, setting deadlines, and employing productivity apps can further enhance time management efforts.

Effective time management involves analyzing priorities, eliminating time-wasting activities, delegating tasks when possible, and maintaining focus on the most important objectives. It requires self-discipline, effective decision-making, and the ability to adapt and adjust plans as needed.

By mastering time management skills, individuals can achieve their short-term and long-term goals efficiently while maintaining a healthy work-life balance. So, the correct option is D.

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Economic Stimulus Act of 2008

Explanation for the reason for Economic Stimulus Act of 2008. What are the main causes of the legislation. What occurred in the economy to prompt the government to pass or enact such legislation or act?

Answers

Answer:

The Economic Stimulus Act of 2008 was a United States federal law enacted on February 13, 2008, to provide economic relief amid the Great Recession. The act provided tax rebates to individuals and tax incentives for businesses. It also increased the limits on mortgages eligible for purchase by government-sponsored enterprises (GSEs) such as Fannie Mae and Freddie Mac. The total cost of the act was projected at $152 billion for 2008.

The main causes of the legislation were:

The subprime mortgage crisis, which began in 2007, led to a decline in housing prices and a rise in foreclosures. This had a negative impact on the economy, as it led to a decrease in consumer spending and investment.The financial crisis of 2008, which began in September 2008, led to a collapse of the GSEs and a severe tightening of credit markets. This made it difficult for businesses to borrow money, which further slowed economic growth.

The government enacted the Economic Stimulus Act of 2008 in an attempt to:

Boost consumer spending and investment, which would help to create jobs and stimulate economic growth.Prevent the financial crisis from worsening, which would have had a devastating impact on the economy.

The act was controversial, with some economists arguing that it was not large enough to have a significant impact on the economy. However, the act did provide some relief to individuals and businesses, and it is generally credited with helping to prevent the Great Recession from becoming even worse.

For an imperfectly competitive firm: Multiple Choice O total revenue is a straight, upward sloping line because a firm's sales are independent of product price. O the marginal revenue curve lies above the demand curve because any reduction in price applies to all units sold.O the marginal revenue curve lies below the demand curve because any reduction in price applies only to the extra unit sold all units sold. O the marginal revenue curve lies below the demand curve because any reduction in price applies to all units sold.

Answers

For an imperfectly competitive firm the marginal revenue curve lies below the demand curve because any reduction in price applies to all units sold.

What is marginal revenue?

The cost of a further item sold is included in the margin of profit. A business divides the change in its total income by the change in its total output quantity to determine its marginal revenue. The selling price of one extra item that was sold makes up marginal revenue.

The increased total revenue produced by increasing product sales by one unit is known as marginal revenue, a key notion in microeconomics. The increase in revenue that happens as a result of selling one more unit of output is known as marginal revenue. Even though marginal revenue can remain constant above a certain level of output, it will eventually begin to decline as the output level rises due to the law of diminishing returns.

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external factors that can affect reatail industry

Answers

An external factors that can affect retail industry are Competition. Politics. Economic Status. Trends. Technology. Adapting to Changes. Political Climate.

What do you mean by the retail industry?

All businesses that offer products and services to consumers are considered to be in the retail sector. Various retail sales and store types can be found all throughout the world, including grocery, convenience, discount, independent, department, DIY, electrical, and specialty shops.

Location, marketing, shop design and appearance, service and selection, and bundle selling are the five pillars of retail success.

The danger of supply chain disruption and the environmental impact of using raw materials are the two key factors that have an impact on retail.

Therefore, an external factors that can affect retail industry are Competition. Politics. Economic Status. Trends. Technology. Adapting to Changes. Political Climate.

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Determine the costs assigned to ending inventory and to cost of goods sold using fifo

Answers

Using FIFO, the cost assigned to ending inventory is $8,296, and the cost assigned to the cost of goods sold is $20,774.

What is FIFO?

FIFO simply means First-in, First-Out.  

FIFO is a cost flow assumption that assigns cost to the cost of goods sold based on the understanding that the first goods brought into the store are the first to be sold.

Note that under the perpetual inventory system, the cost of goods sold is determined at each sales transaction.

           Activities            Units Acquired at Cost   Units Sold at Retail

Jan. 1   Beg. inventory   285 at $13.40     $3,819

Jan. 10 Sales                                                          250 units $43.40 $10,850

Mar. 14 Purchase           470 units $18.40 8,648

Mar. 15 Sales                                                          400 units $43.40   17,360

July 30 Purchase         485 units $23.40 11,349

Oct. 5   Sales                                                         460 units $43.40   19,964

Oct. 26 Purchase         185 units $28.40 5,254

Totals                         1,425 units         $29,070  1,110 units              $48,174

Ending inventory          315 (1,425 - 1,110)

FIFO:

Ending inventory = $8,296 (185 x $28.40 + 130 x $23.40)

Cost of goods sold = Cost of Goods Available for Sale - Cost of Ending Inventory)

= $20,774 ($29,070 - $8,296)

Cost of Goods Sold (Using Perpetual Inventory System):

$3,350:    250 units $13.40

$7,185:     400 units ($13.40 x 35) + ($18.40 x 365)

$10,239:  460 units ($18.40 x 105) + ($23.40 x 355)

$20,774  1,110 units

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Question Completion:

           Activities            Units Acquired at Cost   Units Sold at Retail

Jan. 1   Beg. inventory   285 at $13.40     $3,819

Jan. 10 Sales                                                               250 units $43.40

Mar. 14 Purchase           470 units $18.40 8,648

Mar. 15 Sales                                                              400 units $43.40

July 30 Purchase         485 units $23.40 11,349

Oct. 5   Sales                                                             460 units $43.40

Oct. 26 Purchase         185 units $28.40 5,254

Totals                         1,425 units         $29,070     1,110 units

Required Hemming uses a perpetual inventory system. 1. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO.

Selling, with criminal negligence, alcoholic beverages to a minor is a:
Class A misdemeanor
Class B misdemeanor
Class C misdemeanor
Class A felony

Answers

Class a felony it’s class a for sure
Class A misdemeanor

Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?

Answers

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

You have $267,000 to invest in a stock portfolio. Your choices are Stock H, with an expected return of 14.2 percent, and Stock L, with an expected return of 11.8 percent.
Required:
If your goal is to create a portfolio with an expected return of 12.85 percent, how much money will you invest in Stock H and in Stock L? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)
Investment in Stock H $ _________________
Investment in Stock L $ _________________

Answers

Answer and Explanation:

The computation of the money invested in stock H and stock L is given below;

Given that

H expected return is 14.2%

and l expected return is 11.8%

and,  

portfolio return is 12.85%

Now if we assume that  

if h investment portion is X and l investment portion is 1-X

So,  

12.85= X × 14.2 +(1 - X) × 11.8

= 14.2X+11.8-11.8X

1.05= 2.4X

X= 43.75%

So investment portion of l is  56.25%

Finally

h investment = 267,000 × 43.75%

= $116,812.5 0

And,

l investment = 267,000 × 56.25%

= $150187.50

- Any four major manufacturing firms of Nepal. ​

Answers

4 major manufacturing firms in Nepal

Nepal Lever Ltd.Himalayan Snacks Pvt. Ltd.Unitech Nepal Pvt. Ltd.Gorkha Brewery Pvt. Ltd.

Nepal Lever Ltd. has 3 divisions homecare, Beauty and personal care and has a long history going back to the 1950s, it has FnR that aims for consistent, competitive, profitable and responsible growth.

Himalayan Snacks Pvt. Ltd. was established in 1900 and deals in supplying and trading noodles, foodstuffs, etc. The supplier company is located in Kathmandu, Bagmati.

Unitech Nepal Pvt. Ltd. offers a variety of products and services, some of which are software development, e-web development, mobile application development, digital marketing and IT consulting.

Gorkha Brewery Pvt. Ltd. deals with the production and distribution of alcoholic beverages and was established in 1989 in Kathmandu, Nepal.

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For this assignment, respond to each of the questions presented in that lecture. You do not need to submit a completed outcomes planning wheel for this assignment, but should use it in drafting your response to the questions.


What organizational goal is driving this training? · What will the benefit be? · What is the skill gap? · What competencies (knowledge, skills, or attitudes) will this program need? · What evaluation will be used to measure the level of goal achievement? · Who will be trained? · What is the estimated class size? · How many classes will there be and how long will this training last? · What are the knowledge and skill prerequisites? · What type of program is being proposed? · What media, if any will be used in the training? · What will happen if we do not deliver the training? · What are the restrictions or limitations for delivering a program? · What other methods may be used to reach the goal (include limitations and advantages)?

Answers

In the above case, a skill acquisition will be the aim of the program.

What organizational goal is driving this skill acquisition training?

The purpose of skill acquisition is so that student can be able to learn one or more trade so that they can earn a living after school

What will the benefit be?

The benefit of acquiring a skill  is that one will be equipped with a lot of good resources and also the skill of  financial management, one will have improved strategic planning and others.

What competencies will skill acquisition need?

It just need your presence, one's talents and expertise that has been obtained via education or or life experience.

What is the skill gap? Critical thinking/problem solvingPaying Attention to detail.Leadership. Teamwork.

What evaluation will be used to measure the level of goal achievement?

Output based on work done, practical work and result.

Who will be trained - student.

The estimated class size- 50 - 100

How many classes will there be and how long will this training last - 20 class and it will last 2 month.

knowledge and skill prerequisites -Ability to read and understand and also just come and you will be taught.

The type of program that is being proposed - skill and handwork training.

What media, if any will be used in the training - visual, media and communication tools will be used·

What will happen if we do not deliver the training - giving of certificates and graduation.

What are the restrictions or limitations for delivering a program - financial restriction.

What other methods may be used to reach the goal - use of the mass media for dissemination of information concerning the program. Its advantage is that it will benefit all and the disadvantage is financial constrain.

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The best place to put your money if you want to be able to withdraw it quickly
is a
account.

Answers

Answer:

true

Explanation:

sales management consists of three interrelated functions: , sales plan implementation, and salesforce evaluation. multiple choice sales plan formulation salesforce size determination salesforce identification salesforce communication salesforce training

Answers

Sales management consists of three interrelated functions, sales plan formulation, sales plan implementation, and salesforce evaluation.

Sales management is the process by which sales managers coordinate, inspire, and guide their sales representatives while monitoring and enhancing group performance. This entails identifying top talent, developing sales people, coordinating activities across the sales department, and putting in place a cogent sales strategy that boosts revenue generation for the company.

Imagine it like a sports team. A top-tier baseball club without a coach? Have you heard of such a thing? Obviously not. The coach gives the players the direction, motivation, plan, and training necessary to gain significant victories. The finest sales managers run their businesses in a similar manner, motivating, instructing, and directing their people to increase sales. Consistent revenue growth, a content staff, and significant commissions are all benefits.

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The South African government decides to increase taxes to reduce the Budget deficit. Assume that:
• Investment is fairly responsive to changes in interest rates.
• The Taylor rule curve is positively sloped.
• The economy starts in a position of IS-TR-IFM equilibrium.
Structure your answer in the following way, at each stage making sure you explain how the relevant assumptions affect your answer.

a. Start by using an IS-TR diagram with no foreign sector and explain how the increase in taxes impacts upon income and interest rates. (5 marks)

b. Now include the foreign sector in the same diagram as for question 1(a) and explain the impact of the increase in taxes on all of the components of the balance of payments before any exchange rate adjustment. (5 marks)

c. Now, still using the same diagram as for questions 1(a) and 1(b), illustrate and explain the adjustment to final IS-TR-IFM equilibrium as a result of the increase in taxes if South Africa has a flexible exchange rate and capital is perfectly mobile internationally. (5 marks)

d. Illustrate and explain how your answer to question 1(c) will differ if South Africa instead has a fixed exchange rate? (5 marks)

e. How would your answer to question 1(c) differ when the exchange rate is flexible but capital mobility is imperfect? Illustrate this on a new diagram and explain your answer.

Answers

An increase in taxes in South Africa affects income, interest rates, trade surplus, and capital flow, with varying effects depending on exchange rate and capital mobility.

What is capital flow ?

Capital flow refers to the movement of money or capital into or out of a country for the purpose of investment or trade.

a. An increase in taxes will shift the TR curve upward, decreasing the disposable income and consumption spending of households. This leads to a decrease in the IS curve, causing a fall in output (income) and a fall in interest rates. Since investment is responsive to changes in interest rates, a fall in interest rates will increase investment, partially offsetting the negative impact of the tax increase on output.

b. With the inclusion of the foreign sector, an increase in taxes will reduce income and, therefore, imports. However, exports will remain unaffected, leading to an increase in the trade surplus (exports minus imports). The increase in taxes will also lead to a decrease in the capital account balance, as higher taxes reduce after-tax profits and discourage foreign investment. The overall impact on the current account and the balance of payments will depend on the size of the trade and capital account balances.

c. Assuming a flexible exchange rate and perfectly mobile capital, the decrease in output and the increase in the trade surplus will cause a decrease in the demand for money, leading to a fall in interest rates. This will stimulate investment and consumption, partially offsetting the negative effects of the tax increase on output. The economy will eventually reach a new equilibrium at a lower level of output, a lower interest rate, and a higher trade surplus than before the tax increase.

d. If South Africa has a fixed exchange rate, the increase in the trade surplus will lead to an increase in the demand for the domestic currency, causing it to appreciate. To maintain the fixed exchange rate, the central bank will have to intervene in the foreign exchange market by buying foreign currency, increasing the money supply, and causing inflationary pressures. The increase in the trade surplus will still lead to a lower output level, but the interest rate may not necessarily decrease.

e. With imperfect capital mobility, the exchange rate can still adjust, but it will do so more slowly and with less magnitude than in the case of perfect capital mobility. In this case, the adjustment to the tax increase will be similar to that in 1(c), but the new equilibrium will have a smaller increase in the trade surplus and a smaller decrease in output. The adjustment will be slower and smoother, and the impact on interest rates may be less pronounced.

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g The Dynatech Brewing Company is a small craft brewer that produces five standard varieties of beer. The beers sell for $6 per six-pack, and the company currently sells 7,000 six-packs per month. The company is considering producing a seasonal beer that will be sold in October, November, and December. The company estimates that at $6 per six-pack, the company will sell 1,400 six-packs. At $7 per six-pack, sales will be 700 six-packs. The company also estimates that sales of the seasonal beer will eat into sales of its standard items. Specifically, for every 700 six-packs of the seasonal beer that are sold, 210 six-packs of the standard varieties will not be sold. The variable production costs of all beers is $1.70 per six-pack. Calculate the incremental profit associated with the two selling prices under consideration for the seasonal beer (i.e., $6 and $7 per six-pack). (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) $6 per six-pack $7 per six-pack Incremental profit/(loss) $enter a dollar amount $enter a dollar amount eTextbook and Media Should Dynatech Brewing produce the beer

Answers

Answer:

The Dynatech Brewing company

a. Incremental Profit with the Seasonal Production and Sales:

                                1,400 units            700 units

Sales revenue           $8,400               $4,900

Variable costs             2,380                   1,190

Contribution             $6,020                $3,710

Lost Contribution        1,806                    903

Incremental profit   $4,214               $2,807

b. Dynatech Brewing should produce 1,400 six-pack seasonal beer.  It will increase its profit (contribution) by $4,214.  It will only suffer a lost contribution of $1,806.

Explanation:

a) Data and Calculations:

Selling price per six-pack = $6

Variable production costs per six-pack = $1.70

Contribution per six-pack = $4.30

Units sold per month = $7,000

Seasonal Production and Sales:

                                   1,400 units                                700 units

Sales revenue           $8,400 ($6 * 1,400)             $4,900 ($7 * 700)

Variable costs             2,380 ($1.70 * 1,400)             1,190 ($1.70 * 700)

Contribution             $6,020 ($4.30 * 1,400)         $3,710 ($4.30 * 700)

Lost Contribution        1,806 ($4.30 * 420)                903 ($4.30 * 210)

Incremental profit     $4,214                                  $2,807

Curly and Rita are married, file a joint return, and have two dependent children, ages 11 and 13. Their AGI is $417,000. By how much is their child credit reduced in 2019?a. $0.b. $300.c. $350.d. $700.e. $7.000.

Answers

Answer:

$850

Explanation:

child credit 2019 = $2,000 per qualifying child under age 16

in this case, both children qualify, so total tax credit could be up to $4,000

but their tax credit will partially phase out because their AGI is higher than $400,000:

phase out = [($417,000 - $400,000) / $1,000] x $50 = 17 x $50 = $850

the available child tax credit = $4,000 - $850 = $3,150

Identify the "entities", "processes" and "Data Store" associated with the Data Flow Diagram as it pertains to the Training Program Requirements provided below. You are not required to create a Data Flow Diagram. Training Program Requirements: After conducting the annual performance review of the employee, the Manager identifies employee's training needs. The Manager assigns various trainings from the training catalog database that is available in the Learning Management System. The information related to the training needs are stored in the individual Employee's Training Record and periodically reviewed to assess the progress on training. During the course of the year, the employee attends various trainings identified by the Manager. The Employee's Training Record is updated as- and-when the employee completes trainings. There is a Master Training Record which stores information about all the employees' training activities , and is used by the HR Director to assess the overall training progress of all employees . When writing your response please type it as follows in bullet points: Entities: Processes : Data Store:

Answers

Answer:

Entities:

ManagerEmployeeHR Director

Processes:

Conducting annual performance reviewIdentifying employee training needsAssigning trainings from training catalog databaseStoring information in individual Employee's Training RecordReviewing individual Employee's Training Record to assess progress on trainingAttending trainingsUpdating Employee's Training Record when training is completedStoring information in Master Training RecordAssessing overall training progress of all employees using Master Training Record

Data Store:

Training catalog databaseLearning Management SystemIndividual Employee's Training RecordMaster Training Record

Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021:



Aug.1 Inventory on hand—2,100 units; cost $5.40 each.
8 Purchased 10,500 units for $5.60 each.
14 Sold 8,400 units for $12.10 each.
18 Purchased 6,300 units for $5.70 each.
25 Sold 7,400 units for $11.10 each.
28 Purchased 4,100 units for $5.80 each.
31 Inventory on hand—7,200 units.

Required:
Using calculations based on a periodic inventory system, determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using each of the following cost flow methods.

Altira Corporation provides the following information related to its merchandise inventory during the
Altira Corporation provides the following information related to its merchandise inventory during the
Altira Corporation provides the following information related to its merchandise inventory during the
Altira Corporation provides the following information related to its merchandise inventory during the

Answers

Using calculations based on a periodic inventory system, the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 Income Statement using the following cost flow methods are:

                                     FIFO Method    LIFO Method     Weighted Average

Ending Inventory               $41,450           $39,900                 $40,640

Cost of Goods Sold         $88,380            $89,930                 $89,190

What are the inventory cost flow methods?

The various inventory cost flow methods include:

LIFO (last in, first out)FIFO (first in, first out)Specific identificationWeighted-average cost.

Inventory Costing:

Date      Activities                  Units   Unit Cost                Total

                                                                                  Costs        Sales

Aug. 1 Inventory on hand     2,100     $5.40           $11,340

Aug. 8 Purchases               10,500     $5.60          58,800

Aug. 14 Sales                      (8,400)                 $12.10              $101,640

Aug. 18 Purchases              6,300       $5.70          35,910

Aug. 25 Sales                     (7,400)                 $11.10               $82,140

Aug. 28 Purchases              4,100       $5.80          23,780

Total inventory for sale    23,000                       $129,830

Aug. 31 Inventory on hand 7,200

Inventory sales                 15,800                                        $183,780

FIFO:

Ending inventory = $41,450 (3,100 x $5.70 + 4,100 x $5.80)

Cost of goods sold = Cost of goods available for sale - Ending inventory

= $88,380 ($129,830 - $41,450)

LIFO:

Ending inventory = $39,900 (2,100 x $5.40 + 5,100 x $5.60)

Cost of goods sold = $89,930 ($129,830 - $39,900)

Weighted Average:

Average cost = $5.645 ($129,830/23,000)

Ending inventory = $40,640 ($5.645 x 7,200)

Cost of goods sold = $89,190 ($5.645 x 15,800)

Learn more about inventory cost flow methods at https://brainly.com/question/27788988 and https://brainly.com/question/28908479

#SPJ1

Question Completion:

FIFO, LIFO, and Weighted Average inventory methods.

Consider Pacific Energy Company and U.S. Bluechips, Inc., both of which reported earnings of $966,000. Without new projects, both firms will continue to generate earnings of $966,000 in perpetuity. Assume that all earnings are paid as dividends and that both firms require a return of 12 percent.
a.
What is the current PE ratio for each company?
b.
Pacific Energy Company has a new project that will generate additional earnings of $116,000 each year in perpetuity. Calculate the new PE ratio of the company.
c.
U.S. Bluechips has a new project that will increase earnings by $216,000 in perpetuity. Calculate the new PE ratio of the firm

Answers

Answer:

a. 8.333

b. 9.334

c. 10.196

Explanation:

a. To find price = earnings

                                 R

                price = 966,000

                                .12

                price = $8,050,000

   P/E ratio =    price  

                      earnings

   P/E ratio = 8,050,000

                      966,000

   P/E ratio = 8.3333

b. Price = new earnings + current earnings

                                     R

   Price = 116,000 + 966,000

                         .12

   Price = 9,016,666.6666

   P/E ratio =      New Price      

                       initial earnings

   P/E ratio = 9,016,666.6666

                          966,000

   P/E ratio = 9.334

c. Price = new earnings + current earnings

                                     R

   Price = 216,000 + 966,000

                           .12

   Price = 9,850,000

   P/E ratio =     New Price    

                       initial earnings

   P/E ratio = 9,850,000

                       966,000

   P/E ratio = 10.196

               

how does scarcity, opportunity cost, and choices relate to each other in economics​

Answers

Answer:

Economics is a social science that examines how people choose among the alternatives available to them. Scarcity implies that we must give up one alternative in selecting another. ... The opportunity cost of any choice is the value of the best alternative that had to be forgone in making that choice.

how do you understand the word business finance?​

Answers

Answer:

Business Finance means the funds and credit employed in the business. Finance is the foundation of a business. Finance requirements are to purchase assets, goods, raw materials and for the other flow of economic activities

Answer:

in my opinion and own words

Explanation:

Business Finance simply means the activity of managing money in financial status especially in companies or government organizations to run a business or activity or also a project so it simply means using Finances to run a business

.(Thank you and sorry)0

Which entry records the investment of cash by John, owner of a sole proprietorship?
A. Debit John, Capital; credit Cash
B. Debit Cash; credit John, Withdrawals
C. Debit John, Withdrawals; credit Cash
D. Debit Cash; credit John, Capital

Answers

The answer is: D - Debit Cash; credit John, Capital.

Explanation:

The entry records the investment of cash by John, owner of a sole proprietorship is: Debit Cash; credit John, Capital.

The US and _____ signed the Great Lakes Water Quality Agreement in 1978.


Mexico

Great Britain

Russia

Canada

Answers

Answer:

Canada

Explanation:

Trust me

Answer:

Canada :)

Explanation:

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