According to the table, which religion had the most active congregations in New Jersey in 1765?


New Jersey – Active Congregations (1765)

Answers

Answer 1

Answer:

Presbyterian

39

Dutch Reformed

Explanation:

just did it on edge ooga booga

Answer 2

Answer:

According to the table, which religion had the most active congregations in New Jersey in 1765?

✔ Presbyterian

How many Quaker congregations were there in 1765?  

✔39

There were the same number of Church of England congregations in New Jersey as

✔Dutch Reformed congregations.

Explanation:


Related Questions

1. As a young child, Karina had a passion for animals and environmental issues. After she graduated from college, Karina landed a job in an organization whose mission is to create public awareness about endangered animals and other environmental issues. Karina’s employer depends largely on grants and donations to fund business activities.

Answers

Answer: Non-profit corporation

Explanation:

The question seeks to find out what kind of company Karina works for. The answer would be a Non-profit Corporation. Non-profit Organizations are usually involved in humanitarian and altruistic pursuits such animal rights and environmental protection.

Non-profit usually rely on grants and donations in order to carry out their operations and they get usually these from wealthy individuals and companies as part of their Corporate Social Responsibility.

Ryan Terlecki organized a new Internet company, CapUniverse, Inc. The company specializes in baseball-type caps with logos printed on them. Ryan, who is never without a cap, believes that his target market is college and high school students. You have been hired to record the transactions occurring in the first two weeks of operations.

a. Issued 2,700 shares of $0.01 par value common stock to investors for cash at $27 per share.
b. Borrowed $68,000 from the bank to provide additional funding to begin operations; the note is due in two years.
c. Paid $1,150 for the current month's rent of a warehouse and another $1,150 for next month's rent.
d. Paid $1,800 for a one-year fire insurance policy on the warehouse (recorded as a prepaid expense).
e. Purchased furniture and fixtures for the warehouse for $10,000, paying $3,000 cash and the rest on account. The amount is due within 30 days.
f. Purchased for $3,200 cash The University of Pennsylvania, Notre Dame, The University of Texas at Austin, and Michigan State University baseball caps as inventory to sell online.
g. Placed advertisements on Google for a total of $250 cash.
h. Sold caps totaling $2,300, half of which was charged on account. The cost of the caps sold was $1,500. (Hint: Make two entries.)
i. Made full payment for the furniture and fixtures purchased on account in (e).
j. Received $250 from a customer on account.

Required:
For each of the transactions, prepare journal entries.

Answers

Answer:

Entries and their narrations are posted below

Explanation:

We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

a. Issued 2,700 shares of $0.01 par value common stock to investors for cash at $27 per share

Dr Cash (2700 x $27)            72,900

Cr Common stock                     27

Cr Additional paid-in capital   72,873

b. Borrowed $68,000 from the bank to provide additional funding to begin operations; the note is due in two years.

Dr Cash                        $68,000

Cr Notes payable       $68,000

c. Paid $1,150 for the current month's rent of a warehouse and another $1,150 for next month's rent.

Dr Warehouse rent   $1,150

Dr Prepaid rent          $1,150

Cr  Cash                     $2,300

d. Paid $1,800 for a one-year fire insurance policy on the warehouse

Dr  Prepaid insurance    $1,800

Cr  Cash                           $1,800

e. Purchased furniture and fixtures for the warehouse for $10,000, paying $3,000 cash and the rest on account.

Dr furniture and fixture     $10,000

Cr  Cash                               $3,000

Cr  Account payable           $7,000

f. Purchased inventory  for $3,200 cash

Dr Inventory  $3,200

Cr  Cash         $3,200

g. Placed advertisements on Google for a total of $250 cash.

Dr Advertisement expense  $250

Cr Cash                                  $250

h. Sold caps totaling $2,300, half of which was charged on account. The cost of the caps sold was $1,500.

Dr Cash                           $1,150

Dr Account receivable  $1,150

Cr Caps revenue            $2,300

Dr Cost of goods sold $1,500

Cr Inventory                  $1,500

i. Made full payment for the furniture and fixtures purchased on account

Dr account payable $7,000

Cr Cash                         $7.000

j. Received $250 from a customer on account.

Dr cash $250

Cr account receivable $250

At December 31, DePaul Corporation had the following cumulative temporary differences associated with its operations:_____.
1. Estimated warranty expense, $40 million temporary difference: expense recorded in the year of the sale; tax-deductible when paid (one-year warranty).
2. Depreciation expense, $120 million temporary difference: straight-line in the income statement; MACRS on the tax return.
3. Income from installment sales of properties, $60 million temporary difference: income recorded in the year of the sale; taxable when received equally over the next five years.
4. Rent revenue collected in advance, $40 million temporary difference; taxable in the year collected; recorded as income when the performance obligation is satisfied in the following year.
Required: Assuming DePaul will show a single noncurrent net amount in its December 31 balance sheet, indicate that amount and whether it is a net deferred tax asset or liability. The tax rate is 25%. (Enter your answer In millions (I.e., 10,000,000 should be entered as 10).)
_______ million

Answers

Answer and Explanation:

The computation is shown below:

Net deferred tax liability is

= (Taxable temporary differences - Deductible temporary differences) × Tax rate

= ($120 million + $60 million - $40 milllion - $40 million) × 25%

= $25 million

Hence, it shows the net deferred tax liability of $25 million and the same is to be considered

In a company's SWOT analysis, which of the following is an example of a strength?
A.
A law is passed that decreases demand for the company's product.
B.
A demographic trend increases demand for the company's product.
C.
The company's employees are efficient and productive.
D.
The company doesn't have many competitors.

Answers

Answer:

C. The companies employees are efficient and productive.

Explanation:

According to SWOT analysis "C" is a strength.

Answer:C. The companies employees are efficient and productive.

Explanation:

For each of the situations​ listed, identify the primary standard from the IMA Statement of Ethical Professional Practice that is violated​ (competence, confidentiality,​ integrity, or​ credibility).

1. To reduce the company's tax bill, Jack uses total cost to value inventory instead of using product cost as required by law.
2. Since Emilie works in the accounting department, she is aware that profits are going to fall short of analysts' projections. She tells her aunt to sell stock in the company before the earnings release date.
3. Veronica pays a Mexican official a bribe of $50,000 to allow the company to locate a factory in that jurisdiction so that the company can take advantage of the cheaper labor costs. Without the bribe, the factory cannot be located in that location.
4. There is a failure in the company's backup system after a system crash. Month-end reports will be delayed. Kayla, the manager of the division experiencing the system failure, does not report this upcoming delay to anyone since she does not want to be the bearer of bad news.

Answers

Answer:

1. To reduce the company's tax bill, Jack uses total cost to value inventory instead of using product cost as required by law.

Competence: accounting records must follows applicable laws, regulations and standards, you must IRA and GAAP rules when preparing financial statements and tax reports.

2. Since Emilie works in the accounting department, she is aware that profits are going to fall short of analysts' projections. She tells her aunt to sell stock in the company before the earnings release date.

Confidentiality: accounting records must b confidential unless you are authorized to disclose them, and you are not authorized to disclose the information to your aunt.

3. Veronica pays a Mexican official a bribe of $50,000 to allow the company to locate a factory in that jurisdiction so that the company can take advantage of the cheaper labor costs. Without the bribe, the factory cannot be located in that location.

Integrity: you must abstain from performing illegal activities, and bribery is illegal.

4. There is a failure in the company's backup system after a system crash. Month-end reports will be delayed. Kayla, the manager of the division experiencing the system failure, does not report this upcoming delay to anyone since she does not want to be the bearer of bad news.

Credibility: you must report all relevant and important information regardless of whether that information will make you bad or not.

Combat Fire, Inc. manufactures steel cylinders and nozzles for two models of fire extinguishers: (1) a home fire extinguisher and (2) a commercial fire extinguisher. The home model is a high-volume (54,000 units), half-gallon cylinder that holds 2 1/2 pounds of multi-purpose dry chemical at 480 PSI. The commercial model is a low-volume (10,200 units), two-gallon cylinder that holds 10 pounds of multi-purpose dry chemical at 390 PSI. Both products require 1.5 hours of direct labor for completion. Therefore, total annual direct labor hours are 96,300 or [1.5 hours × (54,000 + 10,200)]. Expected annual manufacturing overhead is $1,570,706. Thus, the predetermined overhead rate is $16.31 or ($1,570,706 ÷ 96,300) per direct labor hour. The direct materials cost per unit is $18.50 for the home model and $26.50 for the commercial model. The direct labor cost is $19 per unit for both the home and the commercial models.
The company’s managers identified six activity cost pools and related cost drivers and accumulated overhead by cost pool as follows.
Expected Use of
Drivers by Product
Activity Cost Estimated Expected Use of
Cost Pools Drivers Overhead Cost Drivers Home Commercial
Receiving Pounds $87,100 335,000 215,000 120,000
Forming Machine hours 157,500 35,000 27,000 8,000
Assembling Number of parts 390,600 217,000 165,000 52,000
Testing Number of tests 61,200 25,500 15,500 10,000
Painting Gallons 36,806 5,258 3,680 1,578
Packing and Pounds 837,500 335,000 215,000 120,000
shipping
$1,570,706
1.) Under traditional product costing, compute the total unit cost of each product. (Round answers to 2 decimal places, e.g. 12.25.)
2.) Under ABC, complete the schedule showing the computations of the activity-based overhead rates (per cost driver). (Round your answers to 2 decimal places, e.g. 2.25.)
3.) Complete the schedule assigning each activity's overhead cost pool to each product based on the use of cost drivers. (Use rates from part b above and round cost assigned to 0 decimal places, e.g. 12,250. Round overhead per unit to 2 decimal places, e.g. 2.25. Note that due to rounding your total cost assigned will be slightly different than calculated above.)
Cost Driver Home Model
Commercial Model
Cost Assigned
4.) Compute the total cost per unit for each product under ABC. (Round your answers to 2 decimal places, e.g. 12.25.)
Home Model $
Commercial Model $
5.)Classify each of the activities as a value-added activity or a non-value-added activity.
Activity
Receiving value-addednon-value-added
Forming non-value-addedvalue-added
Assembling value-addednon-value-added
Testing value-addednon-value-added
Painting non-value-addedvalue-added
Packing and shipping value-addednon-value-added

Answers

Answer:

Combat Fire, Inc.

1) Computation of the total unit cost of each product:

                                            Home         Commercial   Total

Direct materials cost      $999,000        $270,300      $1,269,300

Direct labor cost             1,539,000          290,700         1,829,700

Overhead cost                  1,321,110          249,543         1,570,653

Total costs                    $3,859,110         $810,543      $4,669,653

Unit cost                          $71.47               $79.47  

2)  Computations of the activity-based overhead rates:

Activity                          Rates  

Receiving                     $0.26 ($87,100/335,000)

Forming                       $4.50  ($157,500/35,000)

Assembling                  $1.80  ($390,600/217,000)

Testing                        $2.40  ($61,200/25,500)

Painting                       $7.00  ($36,806/5,258)

Packing & Shipping    $2.50  ($837,500/335,000)

3) Schedule Assigning Overhead Cost based on activity:

Activity                          Rates          Home     Commercial

Receiving                     $0.26       $55,900       $31,200

Forming                       $4.50         121,500         36,000

Assembling                  $1.80       297,000         93,600

Testing                        $2.40         37,200         24,000

Painting                       $7.00         25,760           11,046

Packing & Shipping    $2.50      537,500       300,000

Total overhead                       $1,074,860       495,846

4) Computation of the total cost per unit under ABC:

                                            Home         Commercial   Total

Direct materials cost      $999,000        $270,300      $1,269,300

Direct labor cost             1,539,000          290,700         1,829,700

Overhead cost                1,074,860          495,846         1,570,706

Total costs                    $3,612,860     $1,056,846      $4,669,706

Unit cost                          $66.90              $103.61

5. Classification of activities as a value-added or non-value-added activities:

Activity

Receiving non-value-added

Forming  value-added

Assembling value-added

Testing non-value-added

Painting value-added

Packing and shipping non-value-added

Explanation:

Total annual direct labor hours = 96,300

                                       Fire Extinguishers

                                  Home         Commercial   Total

Units (volume)          54,000         10,200

Direct labor hours     81,000          15,300        96,300

Manufacturing overhead = $1,570,706

Predetermined overhead rate = $16.31 ($1,570,706/96,300)

Direct materials cost $18.50         $26.50

Direct labor costs      $19              $19

Cost Pools   Drivers        Overhead Cost    Drivers     Home    Commercial

Receiving     Pounds                $87,100     335,000    215,000     120,000

Forming       Machine hours   157,500        35,000      27,000        8,000

Assembling Number (parts)  390,600       217,000    165,000      52,000

Testing        Number of tests   61,200        25,500      15,500       10,000

Painting       Gallons                 36,806          5,258        3,680          1,578

Packing &    Pounds              837,500      335,000    215,000     120,000

shipping

                                         $1,570,706

Activity                          Rates          Home     Commercial

Receiving                     $0.26       $55,900       $31,200

Forming                       $4.50         121,500         36,000

Assembling                  $1.80       297,000         93,600

Testing                        $2.40         37,200         24,000

Painting                       $7.00         25,760           11,046

Packing & Shipping    $2.50      537,500       300,000

Total overhead                       $1,074,860       495,846

                                  Home         Commercial   Total

Units (volume)          54,000         10,200

Direct labor hours     81,000          15,300        96,300

Direct materials        $18.50         $26.50

Direct labor costs      $19              $19

Traditional (Predetermined Overhead Rate):

                                            Home         Commercial   Total

Direct materials cost      $999,000        $270,300      $1,269,300

Direct labor cost             1,539,000          290,700         1,829,700

Overhead cost                  1,321,110          249,543         1,570,653

Total costs                    $3,859,110         $810,543      $4,669,653

Unit cost                          $71.47               $79.47    

ABC:

                                            Home         Commercial   Total

Direct materials cost      $999,000        $270,300      $1,269,300

Direct labor cost             1,539,000          290,700         1,829,700

Overhead cost                1,074,860          495,846         1,570,706

Total costs                    $3,612,860     $1,056,846      $4,669,706

Unit cost                          $66.90              $103.61

Alto Corporation sold two capital assets this year. The first sale resulted in a $13,000 capital gain, and the second sale resulted in a $41,000 capital loss. Alto was incorporated five years ago. Four years ago, Alto recognized $5,000 of net capital gain. Three years ago, Alto recognized $10,000 of net capital gain. Two years ago and last year, Alto recognized no net capital gains.

Required:
Using a 21 percent tax rate, compute Alto's tax refund from the carryback of its current year capital loss. Compute Alto's capital loss carryforward into next year.

Answers

Answer:

A. Tax refund $2,100

B. $18,000

Explanation:

A. Calculation for Alto's tax refund from the carryback of its current year capital loss

Based on the information given we were told that Alto has the amount of $28,000 ( 13,000-41,000) as a net capital loss that is non deductible this year which means Alto can

carry the loss back 3 years in order for Alto to deduct against net capital gain in those 3years.

Secondly Alto can as well remove the amount of $10,000 capital loss that was carryback against capital gain 3 years ago in order to have the amount of $2,100 as tax refund which is calculated as ($10,000 × 21%)

B. Computation of Alto's capital loss carryforward into next year.

Alto’s capital loss carryforward = ($28,000 − $10,000).

Alto’s capital loss carryforward =$18,000

Therefore Alto’s capital loss carryforward will be $18,000

Find an approximate annual dollar-weighted yield received by Abiyote for the three-year period from January 1, 1994 until January 1, 1997 using

Answers

Answer:

The information about Abiyote's investment is missing, so I looked for similar questions:

Abiyote's time weighted rate of return = [(1 + HP₁ )  x (1 + HP₂) x (1 + HP₃)]¹/³ - 1

HP₁ = ($28,212 - $24,500) / $24,500 = 0.1515

HP₂ = ($15,892 - $18,212) / $18,212 = -0.1274

HP₃ = ($30,309 - $23,892) / $23,892 = 0.2686

TWRR = [(1.1515 x 0.8726 x 1.2686)¹/³ - 1 = 0.08426 = 8.43%

You calculate TWRR in the same way as you calculate geometric mean.

1. Define a red ocean vs. a blue ocean strategy.
2. For one of the products in your business simulation (action cameras for UAV drones), discuss whether you are in a red ocean or a blue ocean.
3. Identify and discuss the blue ocean four actions framework.
4. For one of the products in your business simulation (action cameras for UAV drones), discuss the components of a current value cure and a new value curve.

Answers

Answer:

1. Define a red ocean vs. a blue ocean strategy.

A red ocean strategy occurs in a marketplace that is saturated with more or less similar products.

A blue ocean strategy occurs in a marketplace that does not have market saturation. Where there are no close substitute products.

2. For one of the products in your business simulation (action cameras for UAV drones), discuss whether you are in a red ocean or a blue ocean.

Action cameras are part of a red ocean strategy because the market for action cameras is saturated, with many competitors providing a similar product.

UAV drones are part of a blue ocean strategy because the product offers an unique service, and there are very few companies that provide this good.

3. Identify and discuss the blue ocean four actions framework.

The four actions are: raising quality standards to a new level, creating new quality standards, reducing some factors below quality standards, and eliminate some factors that are commonly used in the industry.

4. For one of the products in your business simulation (action cameras for UAV drones), discuss the components of a current value cure and a new value curve.

UAV Drones are part of the blue ocean strategy, and as a result, they have a new value curve. However, the market could become part of a red ocean strategy if enough competitors enter the market.

This is why UAV Drones producers should cotinually revise the four actions frameworks in order to develop the drones and keep the competitive advantage, and the blue ocean enviroment.

Katie, a single taxpayer, is a shareholder in Engineers One, a civil engineering company. This year, Katie’s share of net business income from Engineers One is $200,000 (net of the associated for AGI self-employment tax deduction). Assume that Katie’s allocation of wages paid by Engineers One to its employees is $300,000 and her allocation of Engineers One’s qualified property is $150,000 (unadjusted basis of equipment, all purchased within past three years). Assume Katie has no other business income and no capital gains or qualified dividends. Her taxable income before the deduction for qualified business income is $400,000.
Required:
A. Calculate Katie’s deduction for qualified business income.
B. Assume the same facts provided above, except Katie’s net business income from Engineers One is $400,000 (net of the associated for AGI self-employment tax deduction), and her taxable income before the deduction for qualified business income is $350,000.

Answers

Answer:

A) Katie's maximum deduction is $200,000 x 20% = $40,000

But we must check that her deduction meets 3 requirements:

cannot exceed 50% of her earned wages = $300,000 x 50% = $150,000 ✓ requirement metcannot exceed 25% of her earned wages + 2.5% of qualified property = ($300,000 x 25%) + ($150,000 x 2.5%) = $78,750 ✓ requirement metcannot exceed 20% of taxable income = $400,000 x 20% = $80,000 ✓ requirement met

B) Katie's maximum deduction is $400,000 x 20% = $80,000, but since her net business income is higher than her taxable income, she must calculate 20% x $350,000 (taxable income) = $70,000 (same as requirement 3 in previous answer)

Play now? Play later?You can become a millionaire! That's what the junk mail said. But then there was the fine print:If you act before midnight tonight, then here are you chances: 0.1% that you receive $1,000,000;75% that you get nothing, otherwise you must PAY $5000.But wait, there's more! If you don't win the million AND you don't have to pay on your first attempt thenyou can choose to play one more time.If you do, then we 20X your probability of winning big - yes, you will hava a 2% chance ofreceiving $100,000 and 60% chance of winning $7500, but must pay $10,000 otherwise.What is your expected outcome for attempting this venture? Solve this problem usinga decision tree and clearly show all calculations and the expected value at each node.Answer these questions:1) should you play at all? (5%) And if so, what is my expected (net) monitary value? (10%)2) If you play and don't win at all on the first try (but don't lose money), should you try again? (5%) Why? (5%)3) clearly show the decision tree (40%) and expected net monitary value at each node (25%)

Answers

Answer:

Explanation:

The first question says: what is my expected (net) monetary value?

The expected (net) monetary value is $1780.

The second question says: If you play and don't win on the first try (but don't lose money), should you try again?

Of course, Yes! I should try again due to the fact that the expected monetary value of deciding on playing is $2700. However, the expected monetary value for determining not playing is $0

The third question demands that we clearly show the decision tree and expected net monetary value at each node.

The image attached below clearly shows the decision tree and expected net monetary value at each node.

Vaughn Manufacturing has a weighted-average unit contribution margin of $30 for its two products, Standard and Supreme. Expected sales for Vaughn are 60000 Standard and 40000 Supreme. Fixed expenses are $1500000. How many Standards would Vaughn sell at the break-even point?

Answers

Answer:

30,000 units

Explanation:

The computation of the break even point is shown below:

But before that we need to do the following calculations

Standard product sales mix % is

= 60,000  ÷ (60,000 + 40,000)

= 60,000 ÷ 100,000

= 60%

Total Break even in units is

= $1,500,000 ÷ $30

= 50,000

Now

Break even units for Standard product is

= 50000 x 60%

= 30,000 units

Which costs are variable costs?
A. Rent
B. Machinery
C. Raw material
D. Marketing
E. Monthly salary

Answers

Answer:

its b

Explanation:

 

Answer:

B. Machinery

Explanation:

The following is selected information from Bonita Corporation for the fiscal year ending October 31, 2018
Cash received from customers $301000
Revenue recognized 376000
Cash paid for expenses 184000
Cash paid for computers on November 1, 2017 that will be used for 3 years (annual depreciation is $16100) 48300
Expenses incurred, including interest, but excluding any depreciation 218000
Proceeds from a bank loan, part of which was used to pay for the computers 95000
Based on the accrual basis of accounting, what is Monty Corporation’s net income for the year ending October 31, 2018?

Answers

Answer:

Net Income = $141,900

Explanation:

Accrual Basis of Accounting

                 Net income of Monty Corporation’s for the

                       year ending October 31, 2018

       Particulars                                                    Amount

Revenue recognized                                          $376,000

Less: Expenses incurred, including interest,    $218,000

         but excluding any depreciation

          Depreciation                                             $16,100  

Net Income                                                          $141,900

Andreasen Corporation manufactures thermostats for office buildings. The following is the cost of each unit:
Materials $ 36.00
Labor 14.00
Variable overhead 4.00
Fixed overhead ($1,800,000 per year; 100,000 units per year) 18.00
Total $ 72.00
Simpson Company has approached Andreasen with an offer to buy 7,500 thermostats at a price of $60 each. The regular price is $100. Andreasen has the capacity to produce the 7,500 additional units without affecting its current production of 100,000 units. Simpson requires that each unit use its branding, which requires a more expensive label, resulting in an additional $2 per unit material cost. The labor cost of affixing the label will be the same as for the current models. The Simpson order will also require a one-time rental of packaging equipment for $20,000.
Required:
a. Prepare a schedule to show the impact of filling the Simpson order on Andreasen’s profits for the year. (Enter your answers in thousands (i.e., 5,400,000 should be entered as 5,400). Select option "higher" or "lower", keeping Status Quo as the base. Select "none" if there is no effect.)
Status quo 100,000 units Alternative 107,500 units Difference Higher or lower

Sales Revenue ? ? ? ?
Less: variable cost ? ? ? ?
Materials ? ? ? ?
Labor ? ? ? ?
Variable Overhead ? ? ? ?
Total variable cost ? ? ? ?
Contribution margin ? ? ? ?
Less; fixed costs ? ? ? ?
Operating profit or loss ? ? ? ?
b. Do you agree with the decision to accept the special order. Yes or no?
c. Considering only profit, determine the minimum quantity of thermostats in the special order that would make it profitable, assuming capacity is available.... Quanitity of Themostats #___?____ units

Answers

Answer:

Andreasen Corporation

Special Order by Simpson Company:

a.                                Status quo        Alternative        

                              100,000 units   107,500 units      Total        Difference

                                ($'000)            ($'000)           ($'000)        ($'000)

Sales Revenue      $10,000              $450           $10,450      $450 Higher

Total Variable cost   5,400                420               5,820        420 Higher

Contribution           $4,600                $30             $4,630          30 Higher

Fixed costs                1,800                  20                1,820          20 Higher

Operating profit     $2,800                $10              $2,810           10 Higher

b. No.

d. Contribution per unit = $4 ($30,000/7,500)

Fixed cost = $20,000

Fixed cost Plus Profit = $30,000

Minimum quantity to make it profitable = $30,000/$4 = 7,500 thermostats

However, this profit level is far below the normal production profit of 28% on sales revenue.

Explanation:

a) Data and Calculations:

Materials $ 36.00

Labor 14.00

Variable overhead 4.00

Total variable cost = $54

Fixed overhead ($1,800,000 per year; 100,000 units per year) 18.00

Total $ 72.00

Selling price = $100

Special order = 7,500 thermostats

Price of special order = $60

Relevant costs of special order:

Materials               $ 36.00

Labor                         14.00

Variable overhead     4.00

Additional material = $2

Unit variable cost = $56

Total variable cost =   $420,000

Packaging equipment    20,000

Total relevant cost =  $440,000

Sales Revenue =       $450,000

Profit from special order = $10,000

The income statement lists all the
account balances for the period.
A. revenue and expense
B. liability and capital
C. temporary and permanent
D. asset and withdrawal

Answers

Answer:

A. revenue and expense

Explanation:

An income statement is among the three important financial statements prepared by a business entity. It summarizes all incomes (revenues) and expenses (costs) of a company in a particular financial year. Total costs are subtracted from the total revenue to get the net income.

An income statement is prepared to show the profits of a business in a particular financial year. A positive net income indicates profits, while a negative net income denotes losses.

Canadians companies are free to charge whatever prices they wish. True or false

Answers

Answer:true

Explanation:

On average, your firm sells $33,100 of items on credit each day. The average inventory period is 35 days and your operating cycle is 55 days. What is the average accounts receivable balance

Answers

Answer:

The average account receivable balance is $662,000

Explanation:

The computation of the average account receivable balance is shown below:

= Sells items on credit each day × (operating cycle - average inventory period)

= $33,100 × (55 days - 35 days )

= $33,100 × 20 days

= $662,000

hence, the average account receivable balance is $662,000. The same is to be considered

Sunnyside Marine Products began the year with 10 units of marine floats at a cost of $11 each. During the year, it made the following purchases: May 5, 30 unit at $16; July 16, 15 units at $19; and December 7, 20 units at $23. Assuming there are 25 units on hand at the end of the period, determine the cost of goods sold under (a) FIFO, (b) LIFO, and (c) average-cost. Sunnyside uses the periodic approach.

Answers

Answer:

Sunnyside Marine Products

Determination of the Cost of Goods Sold under:

a) FIIFO:

= $780

(b) LIFO:

= $985

(c) Average-cost:

= $890

Explanation:

a) Data and Calculations:

Date          Description             Units  Unit cost  Total

January 1  Beginning Inventory  10         $11        $110

May 5,       Purchase                   30        $16        480

July 16       Purchase                   15         $19       285

Dec. 7        Purchase                  20        $23       460

Dec. 31      Ending Inventory      25

Dec. 31      Total Units Sold        50                    $1,335

Average Cost = Total cost/Total inventory available

= $1,335/75

=$17.80

FIFO:Cost of goods sold = (10 * $11) + (30 * 16) + (10 * 19) = $780

LIFO: Cost of goods sold = (20 * $23) + (15 * $19)  + (15 * 16)= $985

Average-Cost: Cost of goods sold = 50 * $17.80

b) Average-cost uses the average cost of goods available for sale divided by the total units available for sale under the periodic inventory system.

FIFO is based on the assumption that the first goods sold are the ones bought first.  LIFO assumes that the first goods sold are the last ones bought.

The direct costs of manufacturing the goods that a company sells are referred to as COGS. The cost of the materials and labor directly employed to make the good is included in this figure.

Sunny side Marine Products

Determination of the Cost of Goods Sold under:

a) FIFO:= $780

(b) LIFO:= $985

(c) Average-cost:= $890

SOLUTION:-

a) Data and Calculations:-

Date          Description             Units  Unit cost  Total

January 1  Beginning Inventory  10         $11        $110

May 5,       Purchase                   30        $16        480

July 16       Purchase                   15         $19       285

Dec. 7       Purchase                  20        $23       460

Dec. 31     Ending Inventory      25

Dec. 31      Total Units Sold        50                    $1,335

Average Cost = Total cost/Total inventory available

= $1,335/75

=$17.80

FIFO:-Cost of goods sold = (10 * $11) + (30 * 16) + (10 * 19) = $780

LIFO:- Cost of goods sold = (20 * $23) + (15 * $19)  + (15 * 16)= $985

Average-Cost:- Cost of goods sold = 50 * $17.80

b) Average-cost uses the average cost of goods available for sale divided by the total units available for sale under the periodic inventory system.

FIFO is based on the assumption that the first goods sold are the ones bought first.  LIFO assumes that the first goods sold are the last ones bought.

To know more about cost of goods sold, refer to the link:

https://brainly.com/question/15463252

Eaton Tires manufactures tires for dune buggies and has two different products, nubby tires and smooth tires. The company produces 5,000 nubby tires and 10,000 smooth tires each year and incurs $172,000 of overhead costs. The following information is available:
Activity Total Cost Cost Driver
Materials handling $60,000 Number of requisitions
Machine setups 55,000 Number of setups
Quality inspections 57,000 Number of inspections
For the nubby tires, the company has 400 requisitions, 200 setups, and 200 inspections. The smooth tires require 600 requisitions, 300 setups, and 400 inspections.
Determine the overhead rate for each activity.

Answers

Answer:

Materials handling= $60 per requisition

Machine setups= $110 per setup

Quality inspections= $95 per inspection

Explanation:

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Materials handling= 60,000/1,000= $60 per requisition

Machine setups= 55,000/500= $110 per setup

Quality inspections= 57,000/600= $95 per inspection

The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. Note: You must complete parts 1, 2, 3, 4 before completing part 5.
Part 5: Enter the unadjusted trial balance on an end-of-period spreadsheet (work sheet) and complete the spreadsheet using the following adjustment data.
Insurance expired during May is $275.
Supplies on hand on May 31 are $715.
Depreciation of office equipment for May is $330.
Accrued receptionist salary on May 31 is $325.
Rent expired during May is $1,600.
Unearned fees on May 31 are $3,210.
If an amount box does not require an entry, leave it blank or enter "0".
Kelly Consulting
End-of-Period Spreadsheet (Work Sheet)
For the Month Ended May 31, 20Y8
Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
Account Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash
Accounts Receivable
Supplies
Prepaid Rent
Prepaid Insurance
Office Equipment
Accum. Depreciation
Accounts Payable
Salaries Payable
Unearned Fees
Common Stock
Retained Earnings
Dividends
Fees Earned
Salary Expense
Rent Expense
Supplies Expense
Depreciation Expense
Insurance Expense
Miscellaneous Expense
Net income

Answers

Part of question attached

Answer and Explanation:

Please find answer and explanation attached

a. Cash receipts from customers for services rendered __________ Operating __________Inflow
b. Sale of long-term investments for cash __________Investing__________ Inflow
c. Acquisition of PPE for cash _________ Investing _________ Outflow
d. Payment of income taxes ______ Operating __________ Outflow
e. Bonds payable issues for cash________ Financing __________ Outflow
f. Payment of cash dividends declared in previous year _________ Financing _______ Outflow
g. Purchase of short-term investments (not cash equivalents) for cash_______ Investing ______ Outflow
h. Purchases of inventory for cash _______ Operating _________ Outflow

Answers

Answer:

a. Cash receipts from customers for services rendered

Indication: Operating activities and Cash Inflow

b. Sale of long-term investments for cash

Indication: Investing actiivity and Cash Inflow

c. Acquisition of property, plant and equipment for cash

Indication: Investing activity and Cash Outflow

d. Payment of income taxes

Indication: Operating activity and Cash Outflow

e. Bonds payable issues for cash

Indication: Financing Activity and Cash Outflow

f. Payment of cash dividends declared in previous year

Indication: Financing activity and Cash Outflow

g. Purchase of short-term investments (not cash equivalents) for cash

Indication: Investing activity and Cash Outflow

h. Purchases of inventory for cash

Indication: Operating activity and Cash Outflow

Definition of terms

Operating Activity: This activity will show how much the cash flow from the business in operating . This included net profit and changes in assets and liabilities and amortization expenses .

Investing Activities: This part is shows the where the money is invested or investment is sold.

Financing Activities: This activities will show the cash flow from financing activities between the reporting period example. Raising or payment of the fund through the common stock , preference and bonds etc.

Danner Company expects to have a cash balance of $58,050 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows.Collections from customers: January $109,650, February $193,500.Payments for direct materials: January $64,500, February $96,750.Direct labor: January $38,700, February $58,050. Wages are paid in the month they are incurred.Manufacturing overhead: January $27,090, February $32,250. These costs include depreciation of $1,935 per month. All other overhead costs are paid as incurred.Selling and administrative expenses: January $19,350, February $25,800. These costs are exclusive of depreciation. They are paid as incurred.Sales of marketable securities in January are expected to realize $15,480 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $32,250. The company wants to maintain a minimum monthly cash balance of $25,800.Prepare a cash budget for January and February.

Answers

Answer:

                                                                             January                  February

Beginning Cash Balance                                     58,050                  35,475

Add: Receipts

Collections from Customers                               109,650                 193,500

Sale of Marketable Securities                              15,480                       0      

Total Receipts                                                     125,130                  193,500

Total Available Cash                                            183,180                  228,975

Less: Disbursements

Direct Materials                                                  64,500                      96,750

Direct Labour                                                      38,700                       58,050

Manufacturing Overhead                                  25,155                        30,315

Selling and Administrative                                 19,350                        25,800

Total Disbursements                                        147,705                     210,915

Cash Balance                                                     35,475                        18,060

Financing

Add: Borrowings                                                   0                                  7,740

Less: Repayments                                                 0                                    0    

Ending Cash Balance                                        35,475                         25,800

The company wants to maintain a minimum monthly cash balance of $25,800 so in February they will have to borrow;

= 25,800 - 18,060

= $7,740

Which option enables you to keep the last grammatical change?​

Answers

Answer:

Undo Option

Explanation:

The Accept option enables you to keep the last grammatical change in Microsoft Word.

Which action is the best example of appropriate e-mail use at work?
providing urgent updates
sending meeting reports
sharing personal finances
giving criticism to someone

Answers

Answer:

B

Explanation:

Took the test

Answer:

The answer is B.) Sending meeting reports

Explanation:

E-mail is a great tool to use when you want to:

* document an event or an agreement. For example, “Thanks for agreeing to meet with my intern tomorrow morning.”

* send data and information in the form of files.

* provide updates that are not time critical. For example, “I wanted to let you know that the graphic design team expects to finish their changes by Monday.”

Now that you have had some time to think about appropriate ways to use e-mail, next you will learn about some inappropriate uses for e-mail.

I hope this helps. Have a happy day.

You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 4.3 percent indefinitely. The company just paid a dividend of $3.26 and you feel that the required return on the stock is 10.5 percent. What is the price per share of the company's stock

Answers

Answer: $54.84

Explanation:

Here, the price per share will be calculated as per the constant growth formula :  Price = (Dividend x (1+growth rate)) ÷ (return rate - growth rate)

Dividend $3.26 , growth rate = 4.3%=0.043 , return rate = 0.105

[tex]\text{Price}=\dfrac{3.26\times(1+0.043)}{0.105-0.043}\\\\=\dfrac{3.26\times(1.043)}{0.062}\\\\=\dfrac{3.40018}{0.062}\approx\ \$54.84[/tex]

Hence, the price per share of the company's stock = $54.84

The adjusted trial balance of Dawson Company contained the following information. Assume the tax rate is 33%:
Debit Credit
Sales revenue $425,000
Sales returns and allowances $ 20,000
Sales discounts 5,000
Cost of goods sold 300,000
Operating expenses 61,000
Interest revenue 2,000
Interest expense 1,000
Compute the gross profit. rate(%)

Answers

Answer:

29.41%

Explanation:

Particulars                           Amount

Sales Revenue                    $425,000

Less: Cost of goods sold    $300,000

Gross profit                          $125,000

Gross Profit rate(%) also known as gross profit margin percentage is calculated by (Revenue - Cost of goods sold)/Revenue

Gross profit margin percentage = $425,000 - $300,000 / $425,000

Gross profit margin percentage = $125,000 / $425,000

Gross profit margin percentage = 0.29412

Gross profit margin percentage = 29.41%

How long will it take for Wyoming to double its economy if it maintains this growth rate? Give your answer to two decimals. g

Answers

Answer:

241.38 years

Explanation:

Please find attached an image of the full question used in answering this question

The rule of 70 can be used to calculate how long it would take for the GDP of a country to double.

the time it takes for GDP to double = 70 / growth rate

70 / 0.29 = 241.38 years

Describe a scenario in which you thought you were making a good decision but there was still a negative outcome.

Answers

Answer:

I was trying to help out a friend by letting her know that her boyfriend was cheating on her but she didn't believe me and got mad at and we weren't friends.

Explanation:

This isn't a real scenario that happened to me but hope this helps.

A scenario in which I thought I was making a good decision but there was still a negative outcome was when:

I was trying to help a friend pay off a debtor who was beginning to turn violent and was a nuisance. Unfortunately, after helping my friend to settle his debts to avoid embarrassment, he refused to pay me back, up till date. That seriously strained our relationship

A good decision is one which a person makes, which seems reasonable and can help someone.

As a result of this, we can see that there can be negative outcomes sometimes, no matter the good decision which is made and the good intentions behind them.

Read more here:

https://brainly.com/question/5085787

what's your favorite holiday and why?

Answers

Answer:

Summer holiday

no coldness

beach time

camping

travel

Answer: Christmas

Explanation:

I think this holiday in particular brings everyone together. Huge festivities are all around and about as well.

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