While taking courses at a community college, Patrice also spends time each week assisting at her town's community center. Patrice aides the community center leaders and learns about how the center works. Although she is not paid for this time, she hopes to begin a full-time job at the community center after finishing her courses. Patrice's time at the community center is called
O secondary education.
O doctoral research.
O a certification
O an internship
Answers
Answer:
While taking courses at a community college, Patrice also spends time each week assisting at her town’s community center. Patrice aides the community center leaders and learns about how the center works. Although she is not paid for this time, she hopes to begin a full-time job at the community center after finishing her courses. Patrice’s time at the community center is called
Explanation:
D. an internship
People often undergo internship. Patrice's time at the community center is called an internship.
What does an internship implies?An internship is known to be a kind of professional learning experience that people undergo that tends to offers vital, practical work linked to a student's field of study or career interest.
An internship is one that helps student to have an opportunity for career exploration and growth, and to learn a whole lot of skills.
Learn more about internship from
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Related Questions
If a firm is deciding upon the acceptance of a project with a value of $10,000, and if the client has a good credit history, the firm will most likely use the grid chart in the decision-making process.
a) true
b) false
Answers
Answer:
FALSE
Explanation:
The Decision-Making Process includes Identifying the need for a decision, Determining the outcome of the decision, Identifying all alternative actions, the benefits and consequences of each and Making and Evaluating the decision.
Decision-Making Tools includes the use of decision-making grid to differenciate or separates factors of decision to be made, the use of Gantt chart to shows phases of project to completion and Information technology and others.
The grid chart shows the relationship between input and output documents.
Assume that Clark Electronics has a monopoly in the production and sale of a new device for detecting and destroying a computer virus. Clark Electronics currently incurs short-run losses, but it continues to operate.
a. What must be true for Clark to continue to operate in the short run?
b. Draw a correctly labeled graph, and show each of the following for Clark.
i. The profit-maximizing price and output
ii. Area of loss
C. Assume Clark is maximizing profit. What will happen to its total revenue if Clark raises its price? Explain.
d. If demand for the new device increases, explain what will happen to each of the following in the short run.
i. Profit-maximizing output
ii. Total cost
Answers
Solution :
c. MC=MR is the profit maximizing equilibrium point. The price rise beyond that is likely to raise the total revenue. But the total cost might increase equally or more then that to nullify or decrease the profit.
d. (i). The demand increase implies that the AR (demand) curve shifts rightwards. This will increase the equilibrium price.
(ii). Change in demand does not affect the total cost.
a. Monopoly might continue to produce in short earn even if its AR < AC. It continues to do so until shut down point. It refers that production continued until average revenue (AR) is greater than equal to the average variable cost (AVC). The monopoly is a market with a single seller.
This market's average revenue (AR) demand curve is above its marginal curve . The curves are downward sloping, illustrating price demand inverse relationship.
Equilibrium quantity : when the marginal revenue = marginal cost
Equilibrium price : equilibrium quantity corresponding price at AR (demand ) curve.
Jill runs a factory that makes lie detectors in Little Rock,Arkansas.This month,Jill's 34 workers produced 690 machines.Suppose Jill adds one more worker and,as a result,her factory's output increases to 700.Jill's marginal product of labor from the last worker hired equals ________.A) 10B) 20C) 690D) 700E) None of the above answers is correct.
Answers
Answer:
1077927
Explanation:
*$-$)7794459०२2८जेइकेप्ग्व्व्ज्सोबीओस्क्ब्सु
स्ज्व्ह्जेहेगेओज्स्ज्स ज्श्स्सीज्झ्र्क
Haas Enterprise Inc. has outstanding 30,000 shares of $50 par value, 6% preferred stock and 70,000 shares of $1 par value common stock. During its first three years in business, it declared and paid no cash dividends in the first year, $310,000 in the second year, and $90,000 in the third year. (a) If the preferred stock is cumulative, determine the total amount of cash dividends paid to each class of stock in each of the three years.
Answers
Answer:
Year 1
Preferred stock $0
Common stock $0
Year 2:
preferred stock $180,000
common stock $130,000
Year 3:
Preferred stock $90,0000
Common stock nil
Explanation:
The fact that preferred stock is cumulative means that dividends left unpaid in years when no dividends were declared would be paid in subsequent years.
annual preferred stock dividends=30,000*$50*6%=$90,000
No dividends were declared in year 1, hence no dividends were paid
In year 2 $310,000 of dividends were declared
Dividends paid to preferred stock in year 2=$90,000+$90,000=$180,000(for both first year and second year)
common stock dividends in year 2=$310,000-$180,000=$130,000
In year 3 the dividends of $90,000 declared would be paid to preferred stock
The manager of a crew that installs carpeting has tracked the crew's output over the past several weeks, obtaining these figures.
Week Crew Size Yards Installed
1 4 96
2 3 72
3 4 92
4 2 50
5 3 69
6 2 52
What is the week with the highest labor productivity?
Answers
Answer: Week 6
Explanation:
Labor productivity = Yards installed/ Crew size
Week 1 = 96/4 = 24
Week 2 = 72/3 = 24
Week 3 = 92/4 = 23
Week 4 = 50/2 = 25
Week 5 = 69/3 = 23
Week 6 = 52/2 = 26
Week 6 is highest with 26 yards per crew.
Pepsico experienced great success in Latin America with its numeromania contest which lured consumers promise of big cash prize. They used the same contest in Poland successful. This shows that ?
Answers
Answer:
E.leverage experience gained in one country can be used in another country
Multiple- choices
A. Numeromania helped in developing a taste for Pepsi in both countries.
B. Numeromania can be used in cash starved countries.
C. Numeromania can be used in different languages.
D. economically squeezed consumers love Pepsi.
E.leverage experience gained in one country can be used in another country
Explanation:
Pepsico is a Multinational operating in different countries. It is common for a multinational to use different marketing strategies s in different countries based on market research findings. It is also reasonable to implement a strategy that has been successful in one country in other countries.
In this scenario, Pepsico took advantage of the contest strategy in Latin America to implement it in Poland. The company must have observed some similarities between the customers in the two countries.
Budgeting, ethics, pharmaceutical company. Chris Jackson was recently promoted to Controller of Research and Development for BrisC or, a Fortune 500 pharmaceutical company that manufactures prescription drugs and nutritional supplements. The company’s total R& ; D cost for 2017 was expected (budgeted) to be $5 billion. During the company’s midyear budget review, Chris realized that current R& ; D expenditures were already at $3.5 billion, nearly 40% above the midyear target. At this current rate of expenditure, the R& ; D division was on track to exceed its total year-end budget by $2 billion!
In a meeting with CFO Ronald Meece later that day, Jackson delivered the bad news. Meece was both shocked and outraged that the R&D spending had gotten out of control. Meece wasn’t any more understanding when Jackson revealed that the excess cost was entirely related to research and development of a new drug, Vyacon, which was expected to go to market next year. The new drug would result in large profits for BrisCor, if the product could be approved by year-end. Meece had already announced his expectations of third-quarter earnings to Wall Street analysts. If the R&D expenditures weren’t reduced by the end of the third quarter, Meece was certain that the targets he had announced publicly would be missed and the company’s stock price would tumble. Meece instructed Jackson to make up the budget shortfall by the end of the third quarter using "whatever means necessary." Jackson was new to the controller’s position and wanted to make sure that Meece’s orders were followed. Jackson came up with the following ideas for making the third-quarter budgeted targets:
1. Stop all research and development efforts on the drug Vyacon until after year-end. This change would delay the drug going to market by at least 6 months. It is possible that in the meantime a BrisCor competitor could make it to market with a similar drug.
2. Sell off rights to the drug Martek. The company had not planned on doing this because, under current market conditions, it would get less than fair value. It would, however, result in a one-time gain that could offset the budget shortfall. Of course, all future profits from Martek would be lost. Capitalize some of the company’s R&D expenditures, reducing R&D expense on the income statement. This transaction would not be in accordance with GAAP, but Jackson thought it was justifiable because the Vyacon drug was going to market early next year. Jackson would argue that capitalizing R&D costs this year and expensing them next year would better match revenues and expenses.
3. Referring to the "Standards of Ethical Behavior for Practitioners of Management Accounting and Financial Management,"
4. Which of the preceding items are acceptable to use? Which are unacceptable? What would you recommend Jackson do?
Answers
Answer:
BrisCor
Budgeting, ethics, pharmaceutical company
a. Referring to the "Standards of Ethical Behavior for Practitioners of Management Accounting and Financial Management,"
none of the preceding items are acceptable to use.
b. I would recommend Jackson to go ahead with the R&D throughout the year to ensure that the drug Vyacon was successfully brought to the market next year before the competitor. He can try to keep to the budget going forward. A budget remains a budget and not the actual. Budget overrun can result. What is important is its effectiveness in achieving business goals.
Explanation:
The announced expectations of third-quarter earnings to Wall Street analysts should not prevent the R&D on the drug Vyacon from continuing, provided Jackson is certain that the envisaged success would be attained. They remain expectations. They are not the actual results of operations for the year. Even if the company's stock price would tumble, it would still recover after the drug had received approval and gone to market, raking in large profits. After all, the projected increase in R&D cost might not result, and the drug Vyacon could be fully developed and ready for the market before year-end, thereby not exceeding its budget.
koshys coffe in bagalore is quaint establishment nesteld near mg road in the central business distirct it serves coffee and fruit cake to a clientel that has been enjoying these products for over fifty years the demand for coffee beans is 6600 cases per year each case has 24 ten pound bags it would be distraus fro them to run out of coffe so tye keep a safety stock of 30 cases the cases cost 4800 and it costs 5 per case to order coffee. as coffee is perishable prudct the holding ocst is fairly hight 40/case/year the lead time to recive an order is seven days koshys is open 300 days a year.
What is their annual ordering cost if they order at their EOQ level?
Answers
Answer:
812.41
Explanation:
Demand D = 6600 cases
Ordering cost S = 5
Holding cost H= $40
Economic order quantity = EOQ
Q = [tex]\sqrt{2DS/H}[/tex]
Q = [tex]\sqrt{(2*6600*5)/40}[/tex]
Q = [tex]\sqrt{1650}[/tex]
Q = 40.620192
Q = 40.62 cases
Annual ordering cost = D * S / EDQ
Annual ordering cost = 6600 * 5 / 40.62
Annual ordering cost = 33000 / 40.62
Annual ordering cost = 812.4076809453471
Annual ordering cost = $812.41
So, their annual ordering cost if they order at their EOQ level is 812.41
Which business is exempt from using the accrual basis for accounting? A clothing manufacturer that has average gross annual receipts of $35 million over the last three years. An online retailer that has average gross annual receipts of $45 million over the last three years. A construction contractor who does not have any outstanding accounts receivable at the end of the tax year. A home improvement store that just began business last year and had $2.7 million in gross receipts.
Answers
Answer:
A home improvement store that just began business last year and had $2.7 million in gross receipts.
Explanation:
The IRS allows only a limited number of businesses to use cash basis accounting and in order to do so, the business must be:
Partnership or C corporation with less than $5 million in total sales revenue per yearSole proprietorship or S corporation with less than $1 million in total sales revenueCannot be a publicly traded corporationPersonal service businesses with more than 95% of revenue specifically related to services. Family owned farms with total annual sales revenue less than $25 million.The 2014 balance sheet of Steelo, Inc., showed current assets of $3,135 and current liabilities of $1,545. The 2015 balance sheet showed current assets of $3,100 and current liabilities of $1,545.
What was the company’s 2015 change in net working capital, or NWC? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.)
Net working capital $
Answers
Answer:
-$35
Explanation:
The computation of the change in net working capital is as follows:
Net working capital = current assets - current liabilities
For 2014,
net working capital i s
= ($3,135 - $1,545)
= $1,590
And,
for 2015,
net working capital is
= ($3,100 - $1,545)
= $1,555
So, the change in net working capital is
= ($1,555 - $1,590)
= -$35
On June 30, Company issues , -year bonds payable with at face value of . The bonds are issued at face value and pay interest on June 30 and December 31. Requirements 1. Journalize the issuance of the bonds on June 30. 2. Journalize the semiannual interest payment on December 31. Requirement 1. Journalize the issuance of the bonds on June 30. (Record debits first, then credits. Select explanations on the last line of the journal entry.)
Answers
Answer:
1. Dr Cash $ 98,000
Dr Discount on Bonds Payable $2,000
Cr Bonds payable $100,000
2. Dr Interest Expense $ 4,050
Cr Discount on Bonds Payable $50
Cr Cash $4,000
Explanation:
1. Preparation of the journal entry for the issuance of the bonds on June 30
Dr Cash $ 98,000
( $ 100,000 x 0.98 )
Dr Discount on Bonds Payable $2,000
($100,000 - $98,000)
Cr Bonds payable $100,000
2. Preparation of the Journal entry to record the semiannual interest payment
Dr Interest Expense $ 4,050
($4,000 + $50 )
Cr Discount on Bonds Payable $50
( $2,000 x 1/40 )
Cr Cash $4,000
($ 100,000 x 8% x 6/12 )
Vital Silence Corp. has just issued a 30-year callable, convertible bond with a coupon rate of 6.4 percent and annual coupon payments. The bond has a conversion price of $93.40. The company's stock is selling for $28.60 per share. The owner of the bond will be forced to convert if the bond's conversion value is ever greater than or equal to $1,140. The required return on an otherwise identical nonconvertible bond is 7.4 percent. Assume a par value of $1,000.
a. What is the minimum value of the bond?
b. If the stock price were to grow by 10.8 percent per year forever, how long would it take for the bond's conversion value to exceed $1,140?
Answers
Answer:
a. $880.74
b. 13 years
Explanation:
a. Conversion ratio = Current Value of bond / Conversion price = 1,000 / 93.4 = 10.71
Conversion price of bond = 10.71 × 28.60 = $306.31
Coupon = Par value of bond * Coupon rate = $1,000 * 6.4% = $64
Present value of straight debt is calculated below:
Present Value = $64 × [1-(1+7.4%)^-30 / 7.4%] + [$1,000 / (1+7.4%)^30]
= $64*11.93 + $117.46
= $763.28 + $117.46
= $880.74 .
Therefore, the minimum value of bond is $880.74
b. Conversion ratio = 10.71
Current stock price = $28.6
Suppose number of year the stock will take to reach above $1,140 is t.
Conversion value = Current stock price * Conversion ratio*(1+10.8%)^t
$1,140 = $28.6 * 10.71 * (1.108)^t
(1.108)^t = 3.7218
t = 12.8145 year.
t = 13 years
Perry Freight Co. leased a trailer to Harper Inc. for use in delivering inventory. The finance lease has a 3-year term, 5% implicit rate, and begins on January 1, 2018. The lease requires a down payment of $10,000 and two equal annual lease payments on December 31 of 2018 and 2019. The list price of the trailer on the inception date is $50,000. What is the dollar amount of each annual payment that Perry Freight Co. will receive
Answers
Answer: $21512
Explanation:
The dollar amount of each annual payment that Perry Freight Co. will receive will be calculated thus:
Lease Price of trailer = $50,000
Less: Down payment = $10,000
PV = $50,000 - $10,000 = $40,000
The present value will be the value of the annual installments multiplied by the annuity factor. Therefore,
$40,000 = Annual installment × 1.8594
Annual installment = $40,000 / 1.8594
Annual installment = $21512
The dollar amount of each annual payment that Perry Freight Co. will receive is $21512.
Which of the following statements about adjustments is correct? Multiple Choice Accrued wages are wages owed, but not yet paid, to employees; the accrued wages will need to be recorded with an adjusting entry that increases expenses. When making an adjustment to recognize supplies used in a period, total assets will not change. Deferral adjustments are used to update amounts that have been previously deferred on the income statement. Depreciation is an example of an accrual adjustment.
Answers
Answer:
The Statement that is correct about adjustments is:
Accrued wages are wages owed, but not yet paid, to employees; the accrued wages will need to be recorded with an adjusting entry that increases expenses.
Explanation:
Unpaid wages are adjusted with a debit to the Wages Expense account, which increases the account, and a credit to the Wages Payable account, which also increases the account by the same amount. The purpose of this accrual adjustment is to ensure that the amount reported as Wages Expense is the actual expense incurred for Wages, whether actually paid or not, and thus report the accurate net income and liabilities for the period.
If an economist is a proponent of free trade amongst nations, what would be concerning about the proliferation of regional trade agreements?
A. The nations involved with regional trade agreements make the economies more independent from each other.
B. Regional trade agreements may restrict trade from outside of the regions in the agreement.
C. Terms of regional trade agreements often conflict with agreements of the Anti- Tariff Act.
Answers
Answer: B. Regional trade agreements may restrict trade from outside of the regions in the agreement.
Explanation:
Regional trade agreement is a form of trade agreement usually between two or more countries in a particular region which will allow for easy movement of goods between the borders of that particular region. Examples are North American Free Trade Agreement, European Union etc.
If an economist is a proponent of free trade amongst nations, the economist will be worried that the proliferation of regional trade agreements may restrict trade from outside of the regions in the agreement. This is because there'll only be free trade for the countries that are in that particular region.
ok but seriously don't click on the site in the comments...unless you want to
Answers
Answer:
Thanks?
Explanation:
Which describes a type of tax that people pay on more they earn?
A. Flat tax
B. Income tax
C. Purchase tax
D. Progressive tax
Answers
Can we get this to 20 Answers?
Answers
Answer:
what is your question ? tell me in the comments plz
Explanation:
The last five annual dividends for MysteryCorp have been: $1.25, $1.38, $1.49, $1.60, and $1.69. Next year's dividend is expected to be $2. The current stock price is $199 per share. First, calculate the geometric average annual rate of growth based on the historical dividends (taking into account the previous five -- do *not* include next year's expected dividend in this calculation). Your estimate of RE, the cost of equity, is ________%.
Answers
Answer:
Re = 8.79%
Explanation:
annual growth rates:
($1.38 - $1.25) / $1.25 = 0.104
($1.49 - $1.38) / $1.38 = 0.078
($1.60 - $1.49) / $1.49 = 0.074
($1.69 - $1.60) / $1.60 = 0.056
geometric growth rate = ⁴√(1.104 x 1.078 x 1.074 x 1.056) - 1 = ⁴√1.34976 - 1 = 1.0779 - 1 = 0.0779 = 7.79%
P₀ = Div₁ / (Re - g)
$199 = $2 / (Re - 0.0779)
Re - 0.0779 = $2 / $199 = 0.01
Re = 0.01 + 0.0779 = 0.0879 = 8.79%
RJ Corporation has provided the following information about one of its inventory items:
Date Transaction
1/1 Beginning Inventory
6/6 Purchase
9/10 Purchase
11/15 Purchase
During the year, RJ sold 3,000 units.
Number of Units 400 800 800 1,200 800
Cost per Unit $3,200 $3,600 $4,000 $4,200
What was ending inventory using the LIFO cost flow assumption under a periodic inventory system?
a. $880,000.
b. $640,000
c. $770,000.
d. $840,000
Answers
Answer:
b. $640,000
Explanation:
The computation of the ending inventory using the periodic inventory system is as follows:
But before that the ending inventory units is
= Beginning inventory units + purchased units - sold units
= 400 + 800 + 1,200 + 800 - 3,000
= 200 units
Now the ending inventory is
= 200 units × $3,200
= $640,000
hence, the ending inventory using the periodic inventory system is $640,000
Therefore the correct option is B
During 2020, LAL Corp. had the following cash flows: (1) received cash of $5,000 billed to a customer in 2020; (2) earned $20,000 of net income; (3) paid interest of $6,000 on a corporate bond issue; (4) paid dividends of $8,000 to its stockholders; (5) borrowed $50,000 from a local bank; and (6) purchased its own shares of common stock for $15,000. What is LAL's net cash flows from financing activities for 2020
Answers
Answer: $21,000
Explanation:
Financing activities refer to those that a company engages in, in relation to capital needed to run the affairs of the business which means it included Equity and Debt.
Financing Activities: Interest paid, dividends paid, money borrowed from bank, stock repurchase
Net cash flows from financing = Money borrowed from bank - Interest paid - dividends paid - Stock repurchase
= 50,000 - 6,000 - 8,000 - 15,000
= $21,000
Sue invested $5,000 in the ABC Limited Partnership and received a 10 percent interest in the partnership. The partnership had $20,000 of debt she is not responsible to repay because she is a limited partner. Sue is allocated a 10 percent share of the debt resulting in a tax basis of $7,000 and an at-risk amount of $5,000. During the year, ABC LP generated a ($70,000) loss. How much of Sue's loss is disallowed due to her tax basis or at-risk amount
Answers
Answer:
$2,000
Explanation:
Calculation for How much of the Sue's loss is disallowed due to her tax basis or at-risk amount
Based on the information given we were told that that Sue is been allocated a 10% of the debt which resulted in a tax basis of the amount of $7,000 as well as an at-risk amount of $5,000 which means that the amount that the Sue's loss will be disallowed due to her tax basis Amount or at-risk amount will be calculated as :
Using this formula
Disallowed Sue's loss=Tax basis-At-risk amount
Let plug in the formula
Disallowed Sue's loss=$7,000-$5,000
Disallowed Sue's loss=$2,000
Therefore How much of the Sue's loss is disallowed due to her tax basis or at-risk amount will be $2,000
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its like we're nice...
but then again we're toxic as helI.
DangGGG
Answers
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A notary signing agent has been providing signing services with no incidents for over 10 years without undergone a background screning . Therefore. he or she
Answers
Answer:
Explanation:
Notary
Aikman, Inc., manufactures and sells two products: Product O6 and Product O7.Data concerning the expected production of each product and the expected total direct labor-hours (DLHs)required to produce that output appear below:
The direct labor rate is $17.50 per DLH.The direct materials cost per unit for each product is given below:
The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
The unit product cost of Product O6 is closest to:
A) $637.15 per unit
B) $896.71 per unit
C) $721.00 per unit
D) $661.45 per unit
Answers
Question Completion:
Aikman, Inc., manufactures and sells two products: Product O6 and Product O7.Data concerning the expected production of each product and the expected total direct labor-hours (DLHs)required to produce that output appear below:
Expected DLH Total DLH
Production
Product 06 200 9.00 1,800
Product 07 800 10.00 8,000
Total 1,000 9,800
The direct labor rate is $17.50 per DLH.The direct materials cost per unit for each product is given below:
Direct Materials
Costs / unit
Product 06 $206.50
Product 07 $162.30
The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
Activity Activity Estimated Product 06 Product 07 Total
Pool Measure Overhead
Labor-related DLHs $133,770 1,800 8,000 9,800
Product orders Orders 18,501 400 300 700
Order size MHs 145,180 3,000 3,100 6,100
Total $297,451
Answer:
Aikman, Inc.
The unit product cost of Product O6 is closest to:
B) $896.71 per unit
Explanation:
a) Data and Calculations:
Product 06 Product 07
Direct Materials costs $206.50 $162.30
Direct labor costs $157.50 $175.00
Overhead cost per unit $532.71 $238.64
Total cost per unit $896.71 $575.94
Product 06 Product 07
Direct labor costs 1,800 8,000
Direct labor rate $17.50 $17.50
Total labor costs $31,500 $140,000
Units of products 200 800
Labor cost per unit $157.50 $175.00
Overhead cost Allocation Product 06 Product 07 Total
Labor-related ($13.65) $24,570 $109,200 $133,770
Product orders ($26.43) 10,572 7,929 18,501
Order size ($23.80) 71,400 73,780 145,180
Total $106,542 $190,909 $297,451
Production units 200 800
Overhead cost per unit $532.71 $238.64
Chu Company provided the following information related to its inventory sales and purchases for December Year 1 and the first quarter of Year 2: Dec. Year 1 Jan. Year 2 Feb. Year 2 Mar. Year 2 (Actual) (Budgeted) (Budgeted) (Budgeted)Cost of goods sold $ 30,000 $ 60,000 $ 80,000 $ 50,000 Desired ending inventory levels are 34% of the following month's projected cost of goods sold. Budgeted purchases of inventory in February Year 2 would be:
Answers
Answer:
Budgeted purchases of inventory in February Year 2 would be $69,800
Explanation:
___________CGS _Ending Inventory_Beginning Inventory _ Purchases
Dec. Year 1 _$30,000 _ $20,400 _____ $0 _____________$0
Jan. Year 2 _$60,000 _$27,200 _____ $20,400_________$66,800
Feb. Year 2 _$80,000_ $17,000 ______$27,200_________$69,800
Use following formula to calculate the Purchases
Cost of Goods sold = Beginning Inventory + Purchases - Ending Inventory
Purchases = Cost of Goods sold - Beginning Inventory + Ending Inventory
Placing value of Jan Year 2
Purchases = $60,000 - $20,400 + $27,200 = $66,800
Placing value of Feb Year 2
Purchases = $80,000 - $27,200 + $17,000 = $69,800
Felipe died on May 9, 2016. At date of death he owned the following assets:• Cash in the bank: $12,000• ABC Bonds: Fair market value $5,000• Office building: Fair market value, $300,000• Stock in Leck Corporation: Fair market value, $10,000• Personal residence (jointly held with his spouse): Fair market value, $160,000.
In addition, accrued rents on the office building to date of death is $24,000; accrued interest on the bonds at date of death is $200; $400 in dividends are outstanding on the Leck stock (date of record April 30, 2016). Felipe's gross estate is $__________.
Answers
Answer:
$431,600
Explanation:
Calculation of Gross Estate of Felipe
Items Amount($)
Cash at bank $12,000
ABC BOND $5,000
Office building $300,000
Stock in Leck Corporation $10,000
Personal residence (50% include) $80,000
Accrued rent on office building $24,000
Accrued rent on bond $200
Outstanding dividend $400
Gross estate $431,600
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Answers
Answer:
nnm,v xcmnm,bkljmbihutjhuF
Explanation:
The Super Toy Stores inventory records at December 31, revealed the following: Inventory on hand, December 31 $350,000 Merchandise purchased F.O.B. shipping point, shipped by vendor on December 31, expected delivery date---January 4 118,000 Merchandise shipped to customers on December 28 F.O.B. destination, expected delivery date--January 3 75,000 Goods held on consignment by Super Toy Store, not included in inventory on hand 38,000 What was Super Toy Store's ending inventory at December 31
Answers
Answer:
The correct answer is $543,000
Explanation:
According to the given scenario, the calculation of the ending inventory is as follows:
= Inventory on hand + merchandise purchased F.O.B shipping point + F.O.B destination
= $350,000 + $118,000 + $75,000
= $543,000
The goods held on consignment i.e. not involved is not relevant
Thus, the calculation of the ending inventory is $543,000
When you are posting your résumé online, be sure to adjust it so it is _____.
one page in length
bold
colorful
cyber-safe
Answers
Answer:
I think the answer is one page in length
Explanation:
because when you do a resume you will need to add a length to it beige you post it in.