The balance column in a ledger account is: Multiple Choice An account entered on the balance sheet. A column for showing the balance of the account after each entry is recorded. Another name for the dividends account. An account used to record the transfers of assets from a business to its stockholders. A simple form of account that is widely used in accounting to illustrate the debits and credits required in recording a transaction.
Answers
Answer:
A column for showing the balance of the account after each entry is posted.
Explanation:
The balance column in a ledger account would represent the debit and credit columns amount for recording and posting entries and the other column represent the account balance after each entry is passed or recorded
Therefore the above represent the answer
The balance column in a ledger account is a column for showing the balance of the account after each entry is recorded. Thus, option B is the correct option.
The balance column in a ledger account is a column used to display the balance of the account after each entry is recorded. It allows for a running tally of the account's balance, indicating whether it has a debit or credit balance.
This column is useful for quickly referencing the current balance of an account and is commonly included in a ledger to provide a snapshot of the account's financial position. It helps in tracking the cumulative effect of transactions on the account and facilitates the preparation of financial statements.
Thus, option B is the correct option.
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Related Questions
Explain the factor that determine an individual personality
Answers
Answer:
Heredity, physical environment, culture and particular experiences
By 2014, nations had become members of the WTO
Answers
By the year 2014, 160 nations had become members of the World trade organization.
What is the WTO?This is an acronym that stand for the The World Trade Organization. The body is the one that is responsible for global trade in all of these 160 countries that are members.
Its basic function is the enforcing of the rules and the regulations that guide global trade.
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Theodosia was laid off from her last job. What should she put on her next application as her reason for leaving that job?
O No prior employment experience
O Currently employed
O Fired
O Downsizing
Answers
Answer:
O Downsizing
Explanation:
A lay off happens when the employer has closed down, has changed locations, or when there is not sufficient work for all the employees. A layoff is not caused by an employee's fault.
Downsizing refers to scaling down of operation. When a company downsizes, some of the employees will be laid off. Theodosia should mention she was laid off in her next application. The potential employer will realize that she wasn't at fault at her previous workplace.
8 letter brain teaser words
That you can solve
Answers
Here are the 8-letter words that fit the given letters:
DECISIONCREATINEADORABLEPROTRACTODORANTSBRIDLETALANTERNSFINALESTPENSIONTSCIENCESWhat is the academic value of brain teasers?Brain teasers have academic value as they provide a fun and engaging way to exercise critical thinking skills, problem-solving skills, and creativity. Solving brain teasers requires cognitive flexibility, attention to detail, and the ability to think outside the box.
These skills are essential in academic settings as they help students approach problems from different perspectives and come up with innovative solutions. Additionally, brain teasers can help improve memory, focus, and mental agility.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
In this teaser, you can only use the letters given. You have to fill in the dashes to form 8-letter words. Each letter is used only once. Good luck and have fun!
AAAAAAAA B CC DDDD EEEE IIII K LL NNNNNNN RRR TT U Y
1. D _ C _ S _ O _
2. C _ A _ I _ E _
3. A _ A _ O _ D _
4. C _ P _ O _ R _
5. A _ D _ T _ O _
6. B _ R _ A _ L _
7. L _ N _ M _ R _
8. F _ I _ N _ L _
9. P _ E _ S _ N _
10. I _ C _ E _ S _
Supply Club, Incorporated, sells a variety of paper products, office supplies, and other products used by businesses and individual consumers. During July 2024, it started a loyalty program through which qualifying customers can accumulate points and redeem those points for discounts on future purchases. Redemption of a loyalty point reduces the price of one dollar of future purchases by 20% (equal to 20 cents). Customers do not earn additional loyalty points for purchases on which loyalty points are redeemed. Based on past experience, Supply Club estimates a 60% probability that any point issued will be redeemed for the discount. During July 2021, the company redeemed 12,200 points and sold additional product of $152,500, so it recorded $164,700 of revenue. The aggregate stand-alone selling price of the purchased products is $164,700. Seventy percent of sales were cash sales, and the remainder were credit sales.
Required:
1. & 2. Prepare Supply Club’s journal entry to record July and August sales. During August, customers redeem loyalty points on $73,200 of merchandise. Seventy-five percent of those sales were for cash, and the remainder were credit sales.
Answers
A journal entry is the record of the financial transaction of a business in its financial books.
(1)
Cash ($164,700 * 70%) 115,290
Accounts Receivable ($164,700 * 30%) 49,410
Sales revenue 163,053 Deferred Revenue - Loyalty Point 1,647
(2)
Cash (73,200 * 75% * 70%) 38,430
Accounts Receivable (73,200 * 25% * 70%) 12,810
To Deferred Revenue 16,470
To Sales Revenue 67,710
WORKING NOTES:
a) Price of loyalty points = (Loyalty points × Estimated redemption) =$12,200 × 20% × 60%
= $1,464
b) Total Stand−alone selling price
= Stand−alone selling price of the purchased product + Stand−alone selling price of the loyalty points
= $164,700+$1,464 = $166,164
c) Percentage of FMV for loyalty points
= (Total stand-alone selling price FMV of loyalty points)
= ($164,700 + $1,464 = $166,164) = 1%
d) Percentage of FMV for purchased products
= (Total stand−alone selling price FMV for purchased products) = ($164,700 + $1,464 = $166,164) = 99%
e) Revenue allocation for the purchased product
= Package amount of purchased products × Percentage of FMV for purchased products = ($164,700 × 99%) = $163,053.
(f) Revenue allocation for loyalty points
= Package amount of loyalty points × Percentage of FMV for loyalty points
= ($164,700 × 1%) = $1,647.
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Robyn owns a music production company Gala Music (Pty) Ltd (“Gala”). The primary function of a music production company is to locate artists and facilitate the recording, manufacturing, and distribution of musical products. Gala entered into an agreement with Buntu Events (Pty) Ltd (“Buntu”). Buntu is a full-service event planning company that provides complete planning, consulting, and supervision for both corporate and social events. In this agreement, Gala will provide performing artists for Buntu’s Durban July party on 2 July 2022, and in exchange Buntu will waive the performers' registration fee of R28 750 (VAT inclusive).
Gala charges R11 500 (VAT inclusive) booking fees (not registration fee) for its artists per event. Gala will provide three performing artists for Buntu’s Durban July party on 2 July 2022. Both companies have 30 June year ends and both are registered vendors in terms of the Value-Added Tax Act, 1991 (Act 89 of 1991), as amended.
With reference to the paragraph “Dr Robyn Miekle”, discuss in terms of the Value-Added Tax Act, 1991 (Act 89 of 1991) and applicable case law, if any, the output tax consequences for Gala Music (Pty) Ltd of entering into the agreement with Buntu Events (Pty) Ltd for the year ended 30 June 2023. For this question, assume that Gala Music (Pty) Ltd had not received nor issued a valid tax invoice.
Answers
The will be no output tax consequences for Gala Music (Pty) Ltd for entering into the agreement with Buntu Events (Pty) Ltd for the year ended 30 June 2023 under the Value-Added Tax Act 1991.
What was the Value-Added Tax Act 1991?It was a federal legislation that impose and charge Value Added Tax on certain goods and services and to provide for the administration of the tax and matters.
The Value-Added Tax Section 89 of 1991 Act does the follwing:
provide for taxation in respect of the supply of goods and services and the importation of goodsamend the Transfer Duty Act, 1949amend the Stamp Duties Act, 1968repeal the Sales Tax Act, 1978.Because the Value-Added Tax have been abandoned for a long time in the country, there will be no output tax consequences for Gala Music (Pty) Ltd for entering into the agreement with Buntu Events (Pty) Ltd for the year ended 30 June 2023 under the Value-Added Tax Act 1991.
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In the formula I=P•r•t, what does r stand for
Answers
Answer:
In the formula I=P•r•t, the r stands for rate.
You were recently hired to work as an accountant at Levesque Lumber, which is a lumber yard that sells lumber and building materials. Your boss, Dave Sirois (CFO), took you to lunch during your first week and asked a favor. He stated “things have been a little slow lately, and we need to borrow cash to tide us over. Our inventory has been building up, and the CEO (Brian Levesque) wants to pledge the inventory as collateral for a short-term loan. But I have a better idea." Mr. Sirois went on to describe his plan. "On July 1, 2023, the first day of the company's third quarter, we will sell $1,000,000 of inventory to Dinucco Cabinets for $1,600,000. Dinucco will pay us immediately, and then we will agree to repurchase the inventory in two months for $1,640,000. The $40,000 is Dinucco's fee for holding the inventory and for providing financing. I already checked with Dinucco’s owner Fran, and he has agreed to the arrangement. Not only will we obtain the financing we need, but Levesque Lumber’s third quarter's before tax profits will be increased by $560,000, the gross profit on the sale less the $40,000 fee. Go research the issue and make sure we would not be violating any specific accounting standards related to product financing arrangements." 1. What is the appropriate FASB guidance for an arrangement involving the sale of inventory which is "in substance" a financing arrangement? 2. What is the appropriate FASB guidance that addresses the recognition of a product financing arrangement? 3. What do you think is the appropriate treatment of Mr. Sirois’ proposed arrangement? 4. Prepare the journal entry for Levesque Lumber’s "sale" of the inventory and for the subsequent repurchase. Write a memo to the Levesque Lumber’s controller and CFO to explain your recommendations for each of the above questions. The memo should be at most 2 pages long (single spaced). Show your work for any calculations. Assume that Levesque Lumber is based in the U.S. and must follow U.S. GAAP. Follow the format of the example attached to thi
Answers
The arrangement involving the sale of inventory in financing arrangement is ASC 860-10 and for product is ASC 470-50. The Levesque Lumber not to be in proposed arrangement. The journal entries for the sale with Interest Expense is $20,000, Inventory is $1,000,000 and Cash is $1,620,000and subsequent repurchase and a memo to the controller is prepared.
Memo
To Dave Sirois (CFO), Levesque Lumber
CC Controller, Levesque Lumber
Subject: Proposed Inventory Sale and Repurchase Agreement with Dinucco Cabinets
After researching the issue of product financing arrangements, I have determined that the appropriate FASB guidance for an arrangement involving the sale of inventory which is "in substance" a financing arrangement is ASC 860-10. This guidance requires that the inventory sale be treated as a financing arrangement if the seller has an obligation or a right to repurchase the inventory.
The appropriate FASB guidance that addresses the recognition of a product financing arrangement is ASC 470-50. This guidance requires that the seller recognize a liability for the amount received from the buyer, and the difference between the sales price and the repurchase price should be recognized as interest expense over the term of the arrangement.
Considering Mr. Sirois’ proposed arrangement, I recommend that Levesque Lumber should not enter into this arrangement because it violates the FASB guidance related to product financing arrangements. The arrangement with Dinucco Cabinets is essentially a loan and should be treated as such. The company must recognize the $1,600,000 as a liability on the balance sheet, with a corresponding increase in cash. The $40,000 fee charged by Dinucco Cabinets should be recorded as interest expense over the two-month term of the arrangement.
The following journal entries should be made
July 1, 2023:
Cash $1,600,000
Inventory $1,000,000
Loan Payable $1,600,000
To record sale of inventory with a financing arrangement
September 1, 2023
Loan Payable $1,600,000
Interest Expense $20,000 ($40,000/2 months)
Inventory $1,000,000
Cash $1,620,000
To record repurchase of inventory
I recommend that Levesque Lumber seek alternative financing options that do not violate accounting standards.
Please let me know if you have any questions or need further clarification.
Sincerely,
[Your Name]
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Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
Answers
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
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Assume that the hypothetical economy of Econoland has 10 workers in year 1, each working 2,000 hours per year (50 weeks at 40
hours per week). The total input of labor is 20,000 hours. Productivity (average real output per hour of work) is $10 per worker.
Instructions: In parts a and b, enter your answers as a whole number. In part c, round your answer to 2 decimal places.
a. What is real GDP in Econoland?
$
b. Suppose work hours rise by 1 percent to 20,200 hours per year and labor productivity rises by 4 percent to $10.40. In year 2, what
will be Econoland's real GDP?
$
c. Between year 1 and year 2, what will be Econoland's rate of economic growth?
percent
Answers
In year one, the Econoland economy has 10 workers, each working 2,000 hours per year (50 weeks at 40 hours per week).
a. $200,000
b. $210,080
c. 5.04 percent
What is GDP?Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced and sold by countries during a specific time period. Because of its complex and subjective nature, this measure is frequently revised before being considered a reliable indicator. The gross domestic product (GDP) is the monetary value of all finished goods and services produced within a country during a given time period.GDP provides an economic snapshot of a country and is used to estimate the size of an economy and its growth rate. GDP can be calculated in three ways: through expenditures, production, or income. Gross domestic product, or GDP, is a metric used to assess the health of a country's economy.To learn more about GDP, refer to:
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In the macroeconomic long run,
a.
GDP always is below potential GDP.
b.
there is full employment with no unemployment.
c.
output always is above potential GDP.
d.
there is full employment and real GDP is equal to potential GDP.
Answers
The appropriate choice is option (d). On a long-term macroeconomic scale, there is full employment and parity between real and potential GDP.
Does real GDP eventually match potential GDP?Real GDP eventually equals potential GDP, and real GDP also equals total spending. As a result, the price must eventually be set at the point where total supply and demand converge.
Potential GDP and full employment the same thing?According to the definition of potential GDP, it is the level of GDP that is feasible or attainable when the economy is utilising resources at their maximum rate over an extended period of time. It measures the economy's productive capacity and represents GDP at full employment, particularly at constant inflation rates.
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which sentence best completes the diagram
A. the discount rate decrease
B. the money supply increases
C. the unemployment rate increases
D. the gross domestic product decreases
Answers
Answer:
B
Explanation:
taking unit 3 test right now
The sentence best completes the diagram is the money supply increases. Thus the correct option is B.
What are Treasury securities?To five different term options, Treasury Bills are a type of short-term security that offers protection and tax advantages to investors who invest money in them. The US government's complete faith and reputation are guaranteed as security for the debt obligations.
While selling securities has the reverse impact and takes money from the system, adding securities lowers rates, makes loans simpler to get and boosts economic activity.
When the Fed purchases Treasury securities, it converts them into "reserve balances," or deposits made at the Federal Reserve by a depository institution. This creates additional wealth for the economy.
Therefore, option B is appropriate.
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Select all that apply.
Select the items that can result in higher interest earned.
1:higher balance
2:greater number of withdrawals
3:higher interest rate
Answers
Answer:
a higher balance can increase interest rate
In 1967, Gary Jones purchased a house on North Bryan Street in Little Rock, Arkansas.
He and his wife lived in the house until they separated in 1993. Jones then moved into an
apartment in Little Rock, and his wife continued to live in the house. Jones paid his
mortgage each month for 30 years. The mortgage company paid the property taxes on the
house. After Jones paid off his mortgage in 1997, the property taxes went unpaid. In
April 2000, the Arkansas Commissioner of State Lands (Commissioner) attempted to
notify Jones of his tax delinquency and his right to redeem the property by paying the
past-due taxes. The Commissioner sought to provide this notice by mailing a certified
letter to Jones at the North Bryan Street address. Arkansas law approved the use of such a
method of providing notice. The packet of information sent by the Commissioner stated
that unless Jones redeemed the property, it would be subject to public sale two years
later. No one was at home to sign for the letter. No one appeared at the post office to
retrieve the letter within the next 15 days. The post office then returned the unopened
packet to the Commissioner with an “unclaimed” designation on it. In the spring of 2002,
a few weeks before the public sale scheduled for Jones's house, the Commissioner
published a notice of public sale in a local newspaper. No bids were submitted, meaning
that under Arkansas law, the state could negotiate a private sale of the property.
Several months later, Linda Flowers submitted a purchase offer. The Commissioner then mailed
another certified letter to Jones at the North Bryan Street address, attempting to notify him that
his house would be sold to Flowers if he did not pay his delinquent taxes. As with the first letter,
the second letter was returned to the Commissioner with an “unclaimed” designation. Flowers
purchased the house. Immediately after the expiration of the 30-day period in which Arkansas
the law would have allowed Jones to make a post-sale redemption of the property by paying the
past-due taxes, Flowers had an eviction notice delivered to the North Bryan Street property. The
notice was served on Jones's daughter, who contacted Jones and notified him of the tax sale.
Jones then filed a lawsuit in Arkansas state court against the Commissioner and Flowers. In his
lawsuit, Jones contended that the Commissioner's failure to provide notice of the tax sale and of
Jones's right to redeem resulted in the taking of his property without due process. The trial court
ruled in favor of the Commissioner and Flowers, and the Arkansas Supreme Court affirmed. The
U.S. Supreme Court agreed to decide the case and its central question of whether Jones was
afforded due process. How did the U.S. Supreme Court rule?
Answers
The ruling in Gary Kent Jones, Petitioner v. Linda K. Flowers et al. was that an actual notice was not required so long as the state had made some reasonable efforts to notify the party of their rights.
What was the argument?The argument in the case, Jones vs Flowers was that Jones had moved out of his house and did not receive several tax letters from the government stating that if he did not remit his taxes, the house would be sold.
Since Jones was not residing there and did not receive the letters, the house was sold. Jones argued that this violated the Fourteenth Amendment but the Supreme Court gave the above ruling.
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Joey has opened a restaurant. He paid a large amount of money up front to get the business started. He only sells products that are licensed by someone else. What type of business opportunity is Joey a part of?
Question 9 options:
1: Franchise
2: Dealership
3: Licensing
4: Network marketing
Answers
Answer:
Franchise
Explanation:
The answer is FRANCHISE
After the closing entries are prepared and posted: O A. all liability accounts will have a zero balance. B. the Retained Earnings account will have the correct ending balance. O c. the temporary accounts will have debit balances. O D. all asset accounts will have a zero balance.
Answers
After the closing entries are prepared and posted B. the Retained Earnings account will have the correct ending balance.
The amount of profit a business keeps after paying all of its direct and indirect expenses, income taxes, and dividends to shareholders is known as retained profits.
This is the percentage of the company's equity that may be utilised, for example, to fund the purchase of new machinery, research and development, and marketing. The net income that a firm keeps for itself is known as retained earnings. Your retained earnings are $1,600 if your business paid out $2,000 in dividends.
Therefore the correct option is B. the Retained Earnings account will have the correct ending balance.
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In your own words, explain the usefulness of spreadsheet models.
Answers
Answer:
huh??huh?huh?huh?huh?
Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04
Answers
The solution to the given question when we consider total cost and total revenue, given in the following table:
The Financial TableQuantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit
------- | -------- | -------- | -------- | -------- | --------
0 | 5 | 5 | 0 | 0 | -5
1 | 11 | 6 | 6 | 6 | 1
2 | 17 | 6 | 12 | 6 | 5
3 | 24 | 7 | 18 | 6 | 4
4 | 31 | 8 | 24 | 6 | -7
5 | 39 | 8 | 30 | 6 | -9
6 | 47 | 8 | 36 | 6 | -11
7 | 55 | 8 | 42 | 6 | -13
As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.
Therefore, the answer to the question is 3.
In summary:
The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.Read more about marginal revenue here:
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Distinguish between bee and bbbee
Answers
ANSWER:- The difference in these policies is while BEE sought to right the wrongs of the past, B-BBEE aims at distributing the wealth of nation across all races and genders.
Imagine that every year, more and more water parks are being built in cities in the state of Nevada. No other state in America is experiencing this growth in the number of water parks.
Which of the following questions would a geographer ask to try to understand this growth in water parks?
A.
Why do water parks only allow two people down a water slide at a time?
B.
What is special about Nevada that explains the rising number of water parks?
C.
What color swimsuit is most popular among children in Nevada?
D.
Where do people in Nevada shop for water toys?
Please select the best answer from the choices provided
A
B
C
D
Answers
17. Why is it important to identify the stakeholders of a business? In your own words
Answers
How could Competition policy undo the wrongs of the past and make South Africa a better place
Answers
A one-year Future contract is an agreement where
Answers
what does it mean to drive ahead
Answers
To "drive ahead" typically means to move forward or progress in a particular direction, usually in a vehicle such as a car.
This can be interpreted literally or figuratively. Literally, it means to move forward on a road or path.
Figuratively, it can refer to making progress towards a goal or objective, overcoming obstacles, or taking proactive steps to achieve a desired outcome. The phrase "drive ahead" can also be used to encourage someone to keep moving forward and not give up.
In this game, players control a car and compete against other players in various challenges and game modes, such as racing, smashing opponents, and avoiding obstacles. The objective is to win matches and unlock new cars and game content. The game is available on both iOS and Android platforms and has become quite popular since its release in 2015.
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Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.31 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $1,785,000 in annual sales, with costs of $695,000. The tax rate is 25 percent and the required return on the project is 12 percent. What is the project’s NPV? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, and round your answer to 2 decimal places, e.g., 1,234,567.89.)
Answers
Answer:
$115,849.581
Explanation:
For computing the net present value first we have to do following calculations
Annual depreciation expense is
= (Cost - Salvage value) ÷ Useful life
= ($2.31 million ÷ 3)
= $770,000
Now
Annual Operating cash flow = (Sales - Costs) × (1 - tax rate) + Tax savings on Annual depreciation
= ($1,785,000 - $695,000) × (1 - 0.25) + (0.25 × $770,000)
= $817,500 + $192,500
= $1,010,000
Now Present value of annuity is
= Annuity × [1 - (1 + interest rate)^ -time period] ÷ rate
= $1,010,000 × {1 - (1.12)^-3] ÷ 0.12
= $1,010,000 × 2.401831268
= $2,425,849.581
So, Net present value is
= Present value of inflows - Present value of outflows
= $2,425,849.581 - $2,310,000
= $115,849.581
Tandy Corporation uses a job-order costing system with a single plant-wide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $249,000, variable manufacturing overhead of $3.80 per machine-hour, and 30,000 machine-hours. The company has provided the following data concerning Job X784 which was recently completed: Job E's manufacturing cost: Total machine-hours 250 Direct materials $ 470 Direct labor cost $ 5,500 If the company marks up its unit product costs by 30% then the selling price for Job X784 is closest to: Group of answer choices $2,698.50 $12,693.50 $7,761.00 $11,693.50
Answers
Answer:
Selling price= $11,693.5
Explanation:
Giving the following information:
TJob X784:
Total machine-hours 250
Direct materials $ 470
Direct labor cost $ 5,500
The company marks up its unit product costs by 30%
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (249,000/30,000) + 3.8
Predetermined manufacturing overhead rate=$12.1 per machine hour
Now, we can calculate the total cost and selling price:
Total cost= 470 + 5,500 + 12.1*250
Total cost= $8,995
Selling price= 8,995*1.3= $11,693.5
what Is quality Control
Answers
Answer:
a system of maintaining standards in manufactured products
The operating budget provides a roadmap for financial plans for a short-term, future period. What is a typical “future period” for an operating budget?
Answers
An operating budget is a financial statement that outlines the organization's expenditures and revenues for a specific period.
The operating budget is typically for a fiscal year, which is usually twelve months. The future period for an operating budget is usually a fiscal year or less than a year. The operating budget is critical because it establishes guidelines for financial activities and operations in an organization. It provides a roadmap for financial plans for a short-term, future period, which typically begins on January 1st and ends on December 31st.
An organization creates an operating budget to aid in the allocation of resources and expenditures to achieve its objectives for a given period. A typical operating budget is for a fiscal year. A fiscal year is the period when an organization prepares its financial statements. It is usually 12 months, but it may be shorter or longer depending on the organization. An operating budget typically covers one fiscal year; however, it may be longer or shorter based on the organization's preferences.
The future period for an operating budget is frequently updated to reflect the company's current situation and financial standing. It takes into account the actual results of the previous period and the estimated expenditures and revenues for the upcoming year to develop the operating budget for a future period.
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Enzo is preparing a resume for his very first job. He doesn’t know what to list for his skills. He asks his teacher for advice on how to complete this portion of his resume. What is the BEST advice this teacher should give Enzo? A. Leave the skills section blank because there is no work experience. B. Make up skills that you think the employer wants to see on a resume. C. List your best attitudes and behaviors that employers find helpful. D. Write vague skills like “Digital Fluency” that require more explanation.
Answers
The best advice that Enzo's teacher can give him is to list his best attitudes and behaviors that employers find helpful. Everyone has skills that they've developed through their hobbies, interests, and school work. Enzo needs to identify what those skills are and how they can be useful to potential employers. The correct option is C.
Making up skills that he thinks the employer wants to see on a resume is not a good idea. Employers can easily see through this and it may come across as dishonest. In addition, if Enzo gets hired, he may not be able to perform the tasks associated with the skills he claimed to have. Listing vague skills like "Digital Fluency" that require more explanation is not helpful either. This may confuse employers and they may not understand what Enzo is trying to say. It's important to be specific about the skills he possesses and how he can apply them to the job.
In conclusion, Enzo should focus on listing his best attitudes and behaviors that employers find helpful. This will demonstrate his potential to be a valuable employee, even if he doesn't have any work experience yet. He should also be specific about the skills he possesses and how they can be applied to the job. By doing this, Enzo can increase his chances of getting hired for his first job. The correct option is C.
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A worker was just hit by a forklift. The scene is safe and you begin to assess the worker. You see that she is conscious and
breathing normally, but obviously in pain. What is the purpose of doing a secondary survey on this victim?
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Answer:
Make sure the injury isn't severe. Call 911 and keep making sure they are breathing normally. If not, give them CPR until an ambulance comes. Try not to move them too much and keep them calm.