a) Journal Entries on the books of Pagnacci Co. are as follows:
April 5 Debit Inventory $20,000
Credit Accounts Payable (Mockingbird Company) $20,000
To record the purchase of goods on account, terms 2/10, net/30, FOB shipping point.
April 6 Debit Freight-in $500
Credit Cash $500
To record the payment of freight
April 7 Debit Equipment $29,000
Credit Accounts Payable $29,000
To record the purchase of equipment on account.
April 8 Debit Accounts Payable (Mockingbird Company) $3,000
Credit Inventory $3,000
To record the return of goods for credit.
April 15 Debit Accounts Payable (Mockingbird Company) $17,000
Credit Cash $16,660
Credit Cash Discount $340
To record the payment on account in full, including discounts.
b) The cost of goods sold is $10,500 ($17,500 x 60%).
c) The difference is that the $500 will not be included in the cost of of the inventory purchase. Instead, it will be treated as a selling expense (freight-out).
d) The Journal Entry to record the payment on May 4 instead of April 15 is as follows:
May 4 Debit Accounts Payable (Mockingbird Company) $17,000
Credit Cash $17,000
To record the payment on account in full.
Data Analysis:
April 5 Inventory $20,000 Accounts Payable (Mockingbird Company) $20,000 terms 2/10, net/30, FOB shipping point.
April 6 Freight-in $500 Cash $500
April 7 Equipment $29,000 Accounts Payable $29,000
April 8 Accounts Payable (Mockingbird Company) $3,000 Inventory $3,000
April 15 Accounts Payable (Mockingbird Company) $17,000 Cash $16,660 Cash Discount $340
Cost of goods available for sale:
Inventory purchase = $20,000
Freight-in 500
Inventory return = (3,000)
Cost of goods available $17,500
Cost of goods sold (60%) $10,500
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You have been asked to evaluate two alternatives, X and Y, that may increase plant capacity for manufacturing high-pressure hydraulic hoses. The parameters associated with each alternative have been estimated. Which one should be selected on the basis of a present worth comparison at an interest rate of 14% per year
Nicole and Larry have decided to perform the landscaping of their new home by themselves. They also plan to take a do-it-yourself class at a local home store so they can replace the tile in the master bathroom without using a contractor. The effect of performing these tasks themselves will result in an increase in their:
The effect of performing these tasks themselves will result in an increase in their sweat equity.
Sweat equity is simply known as the interest gotten by the owner or increase in worth that is brought about by direct input of hard work by the owner(s).
It is the one method that is mostly adopted in building equity for low-cash entrepreneurs in their start-up ventures due to the fact that they lack the capability to aid much financial capital to their business.
Conclusively, This sweat equity helps individuals or companies to get funds without having more debts while for the workers, it is a case of high risk to get high reward.
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What happened to the U.S. dollar when President Nixon closed the gold
window?
A. It became part of a total commodity system
B. It came part of a partial fiat system
C. It became part of a total fiat system
D. It became part of a partial commodity system
Answer:
I think it's c but I'm not 100 percent
The Nixon Shock actually directed the future of the Bretton Woods Agreement and the convertibility of U.S. dollars into gold. Nixon uncoupled gold from its set $35 price and stopped the convertibility of dollars into gold by alien governments and central banks.
What occurred to the U.S. dollar when Nixon shut the gold window?
The Nixon Shock actually directed the future of the Bretton Woods Agreement and the convertibility of U.S. dollars into gold. The Nixon Shock stood as the catalyst for the stagflation of the 1970s as the U.S. dollar depreciated.
Nixon uncoupled gold from its set $35 price and stopped the convertibility of dollars into gold by alien governments and central banks. At this moment, the dollar evolved virtually free-floating, estimated only by analogizing it to other order currencies.
Therefore, the correct answer is option C. It became part of a total fiat system
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Justin is a new manager with 27 direct reports. He has been feeling overwhelmed at work and just learned that the last three managers who held his position quit after only a few months. Which process theory appears to have been violated in this organization?
Expectancy Theory
Goal Setting Theory
Job Characteristic Theory
All of These
The process theory that seems to have been violated in this organization is the Job Characteristics Theory, which was created to analyze work outcomes, such as how work characteristics affect job satisfaction.
With the information contained in the question, it is clear that the characteristic that has affected the work of the new manager Justin is that he has felt overloaded at work.
The last three managers who held their position resigned after a few months, probably because they also felt overwhelmed, as there is information that managers deal with 27 direct reports.
Therefore, a strategy to increase job satisfaction would be to redesign the work, which:
Increases productivity.Improves communication.Reduces conflicts.Increases innovation.Learn more here:
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Small business commonly employ what type departmentalization
Answer:
line departmentalization
Explanation:
Hope this helps:)
~Kisame'sAbs
what is job specification?
Answer: A section in a job advertisement that details the type of person a company is looking for. Things in a job specification include: skills, qualities, qualifications, education and previous experience
Explanation:
Another name for back rushing is?
Answer:
Ruffing
Hope this helps!!!
give the advantages of business partnership structures
Answer:
Your welcome! Hope you have a nice wonderful day :)
Explanation:
One of the advantages of having a business partner is sharing the labor. Having a partner may not only make you more productive, but it may afford you the ease and flexibility to pursue more business opportunities. It might even eliminate the downside of opportunity costs.
Which of the following is an advantage of conducting business in totalitarian nations
Answer:
INTERNAL COMPANIES
Explain collaborative ,planning,forecasting and replenishment each scenario briefly and indicate how they benefit supply chain partners,
Explanation:
collarborating is working together to achieve a common goal
Marketing programs that track purchases history, personal information and preferences and provide incentives to loyal, repeat customers are called?
A. loyalty program
B. tracking systems
C. customer app
D. marketing tricks
Marketing programs that track purchase history and provides incentive to their loyal customers are known as loyalty programs.
The correct answer to this question is option A. Loyalty programs as the name implies are offered to those customers that are found to be loyal to a business.
These types of programs offer special discounts, rewards, as a way to retain these customers and also attract new ones.
Such programs are established to encourage repeat business.
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The following graph shows the supply curve for a group of students looking to sell used smartphones. Each student has only one used smartphone to sell. Each rectangular segment under the supply curve represents the “cost,” or minimum acceptable price, for one student. Assume that anyone who has a cost just equal to the market price is willing to sell his or her used smartphone.
1. Region A (the purple shaded area) represents the total producer surplus when the market price is (Blank) , while Region B (the grey shaded area) represents the change in total producer surplus when the market price changes from $100 to $140 .
In the following table, indicate which statements are true or false based on the information provided on the previous graph.
2. Assuming each student receives a positive surplus, Sam will always receive less producer surplus than Teresa. (True or False)
3. .Producer surplus is smaller when the price is $140 than when it is $100. (True or False)
3. In order for Beth to earn a producer surplus of exactly $60 from selling a used smartphone, the market price needs to be (Blank)
1. The market price that represents the total producer surplus is $140.
Statement True/False
2. Sam will always receive less producer surplus than Teresa. False
3. When the price is $140 producer surplus is smaller than at $100. False
4. For Beth to earn a producer surplus of exactly $60, the market price needs to be $240 ($180 + $60).
Data and Calculations:
Cost Market Price Producer Surplus
A B C D = (B -A) E = (C - A)
Lorenzo $20 $100 $140 $80 $120
Naha $60 $100 $140 $40 $80
Sam $80 $100 $140 $20 $60
Teresa $100 $100 $140 $0 $40
Andrew $160 $100 $140 -$60 -$20
Beth $180 $100 $140 -$80 -$40
The producer surplus represents the excess of the market price over the price a seller is willing to sell an item. For example, Teresa is willing to sell the smartphone at $100. If the market price is $120, she gets a producer surplus of $20 ($120 - $100).
Thus, the market price for a used smartphone must exceed the seller's willingness price to produce a producer surplus.
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m is studying the delivery times of two raw material suppliers. The firm is basically satisfied with supplier A and is prepared to stay with that supplier if the mean delivery time is the same as or less than that of supplier B. However, if the firm finds that the mean delivery time of supplier B is less than that of supplier A, it will begin making raw material purchases from supplier B.
Answer:
So in other words your company or business is looking for the most consistent/reliable supplier who's supply rate is the better out of the two according to overall and long-term supply of said product
Pacific Ink had beginning work-in-process inventory of $1,070,790 on October 1. Of this amount, $436,900 was the cost of direct materials and $633,890 was the cost of conversion. The 65,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs During October, 136,000 units were transferred out and 47,000 remained in ending inventory. The units in ending inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $3,390,200 for direct materials and $4,343,130 6.00 points
Required
(1) Compute the equivalent units for the materials and conversion cost calculations.
(2) Compute the cost per equivalent unit for direct materials and for conversion costs using the weighted-average method. (Round your answers to 2 decimal places.) Officulty 2 Medium Objective: 08-0 600 points Compute the costs of goods transferred out and the ending inventory using the weighted- average method. (Round intermediate calculations to 2 decimal places.) Ending inventory
Answer:
hello dummy
Explanation: hoy hoy hoy
hina's growth rate of real GDP in 2005 and 2006 was 10.5 percent a year and its population growth rate was 0.5 percent a year. If these growth rates continue, in what year would real GDP per person be twice what is was in 2006? If these growth rates continue, real GDP per person would be twice what is was in 2006 at the end of _______.
Considering the situation described above, if these growth rates continue, the real GDP will be twice what it was in 2006 during the year "2013."
This is based on the Rule of 70. The rule of 70 states that the number of years needed for any variable to double is approximately 70, divided by the annual percentage growth rate of the variable.
Thus, given that the Real GDP is growing at 10.5 percent a year;
We have 70 ÷ 10.5 = 6.7;
Therefore, the Real GDP will double in 6.7 years, which is during the year 2013.
Hence, in this case, it is concluded that the correct answer is 2013.
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C and b both are right?
Which of the following
questions is a macroeconomic issue?
A) How many more pounds of cookies will a consumer purchase if the price of cookies decreases?
B) What effect would a cure for Mad Cow Disease have on the market for beef?
C) What is the future growth prospect for an economy?
D) How many workers should the owner of a business hire?
Answer:
c and d is both right
Explanation:
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Please answer need help asap
Answer:
Machinery
Explanation:
How service managers could use the pigmalion effect in practice give example
Answer:
Employee burnout and work-related stress are linked to the Pygmalion effect of leaders' expectations and influence on workers. For example, higher expectations lead to higher performance, which in turn encourage even higher expectations
Siobhan's boss asked her to take over a project with several problems. What is the first step Siobhan should take in tackling the problems?
Answer:: evaluate the impact of the problemm & clssified them
Explanation:
plz mark brainly
the initial action Siobhan ought to take in resolving the issues Determine the impact of the issue and classify them.
What is meant by Problem solving?Being a common component of most activities, problem solving is the process of reaching a goal by overcoming barriers. From personal difficulties (such how to turn on an appliance) to complicated problems in the commercial and technical industries are all problems that require solutions.
The former is a simple problem solving (SPS) example that only addresses one issue, whereas the latter is a complicated problem solving (CPS) example that must solve many interconnected hurdles. Undefined problems, in which the existing state is problematic but it is unclear what kind of resolution to aim for, are divided from well-defined difficulties,
which have obvious obstacles and goals. Similar distinctions can be made between formal, fact-based challenges requiring psychometric intelligence and socio-emotional Problem solving that depend on people's or groups' fluctuating emotions.
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Question 3 of 10
form from their clients that
Independent contractors receive a
verifies their earnings for the year.
O A. W-2
B. 1099
O C. 1040
D. W-4
Answer:
B. 1099
Explanation:
Answer:B
Explanation: I just got it right
Để hành nghề, thẩm định viên bắt buộc phải có những năng lực tối thiểu về
Explanation:
here is the answer enjoy and please mark me as brainliest and follow me
Questions-
.............
Answer:
????
Explanation:
where the questions
As an economic concept, scarcity applies
to A) both money and time.
B) money but not time.
C) time but not money.
D) neither time nor money
Answer:
A
Explanation:
both the poor and the rich. Scarcity requires that people must. make choices. As an economic concept, scarcity applies to. both money and time.
Time and money are the two most in-demand precious resources. Most people lack one, the other, or both in an excessive amount. Therefore Option (A) is the correct option.
What is scarcity?Scarcity as an economic principle "refers to the fundamental truth of existence that there exists only a finite number of human and nonhuman resources that the finest technical knowledge is capable of exploiting to produce just a restricted maximum amount of each economic product."
There wouldn't be any economic goods, or comparatively scarce products if the conditions of scarcity didn't exist and "unlimited amounts of every good could be generated or human demands entirely met."
A limited supply of a good or service that may be in demand on the market or by the public is known as scarcity. The inability of an individual to purchase goods is another aspect of scarcity. Scarcity's opposite is abundance.
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Activity-based costing for varying batch production
A manufacturing company has the following two activities associated with completion of products:
The setting up of machines for running batches of products
The actual production of units produced
The company has annual manufacturing overhead costs of $2,000,000, of which $200,000 is directly involved in setting up machines for batch runs. During the year, the company expects to perform 400 machine setups, one setup per batch for a total of 400 batches of production. Assume that the batch sizes vary considerably, but the work involved in setting up the machines is not appreciably different from one job to the next.
If the company estimates that the $200,000 costs associated with setups will yield 400 setups this year, the cost associated directly with each setup will be $ per setup. Because each job will require its own setup, setup costs are viewed as batch costs. Because $200,000 of the $2,000,000 are costs associated with setups, this means that costs associated directly with the production of units equal $.
Which of the following is not a characteristic of a cafeteria?
A tray is used to collect chosen dishes.
Customers tell servers what they want.
Food is displayed along the serving line.
Amounts are usually "all you care to eat" with no limits.
Answer:
The last option
Explanation:
In cafeterias you don't get an unlimited amount of what you want. Sometimes you don't even get what you want.
Graphs can be used to estimate information not represented on the graph. Please select the best answer from the choices provided T F
Answer:
True :)
Explanation:
The answer is true :)
Please mark brainliest if you get it right! :)
Answer:
True shahzadanwar25
is correct.
(give that person brainliest lol)
Waddle Incorporated manufactures a single product. Variable costing net operating income was $96,300 last year and its inventory increased by 2,600 units. Fixed manufacturing overhead cost was $2 per unit for both units in beginning and in ending inventory. What was the absorption costing net operating income last year
Answer:
Helmers Corporation manufactures a single product Variable costing net operating Income last year was $77,000 and this year was $92,300. Last year, $28,700 In fixed manufacturing overhead costs were released from Inventory under absorption costing. This year, $10,900 In fixed manufacturing overhead costs were deferred In Inventory under absorption costing. What was the absorption costing net operating Income last year? Multiple Choice $81,400 O $77.000 0 $48,300 0 $105,700 Tubaugh Corporation has two major business segments--East and West. In December,
Explain the role of a good business plan in setting up your business. Why is it an important step
in the success of your business?
Answer:
A business plan is a very important and strategic tool for entrepreneurs. A good business plan not only helps entrepreneurs focus on the specific steps necessary for them to make business ideas succeed, but it also helps them to achieve short-term and long-term objectives.
Explanation:
It is important to help articulate a strategy for your business. It also provides insight on steps to be taken, resources required for achieving your business goals and a timeline of anticipated results. And help your business prosper and grow.
https://brainly.com/question/add?entry=1642&task_content=Michael+Anderson%2C+Social+Security+No.+999-00-3691%2C+works+for+a+weekly+paycheck.+He+is+single+and+claims+no+allowances.+Last+week+he+worked+five+days%2C+for+a+total+of+46+hours.+His+regular+rate+of+pay+is+%247.80+an+hour.+%0AIn+addition+to+required+deductions+and+social+security+and+Medicare+taxes%2C+he+also+has+insurance+withheld+of+%2416+a+week+and+puts+4+percent+of+his+gross+pay+into+a+retirement+account.+Use+the+state+and+federal+tax+withholding+tables+on+textbook+pages+38%E2%80%9339.+%0AIf+an+amount+box+does+not+require+an+entry%2C+leave+it+blank+or+enter+%220%22.+%0AEMPLOYEE+WITHHOLDING+SHEET+%0AEmployee+Name+%0AMichael+Anderson+%0ASocial+Security+Number+%0A999-00-3691+%0APay+Period%3A+%0Aweekly+%0ANumber+of+Allowances%3A+%0A0+%0Asingle+%0AGROSS+PAY+%0A1.+Regular+Wages%3A+%0A40+%0A+hours+at+%24+%0A7.80+%0A+%2Fhr.+%3D+%24+%0A312+%0Aor+%0A2.+Regular+Salary%3A+%3D+%0A3.+Overtime%3A+%0A6+%0A+hours+at+%24+%0A+%2Fhr.+%3D+%0AGROSS+PAY+%24+%0AREQUIRED+DEDUCTIONS+%0A4.+Federal+Income+Tax+(use+tax+tables)+%24+%0A5.+State+Income+Tax+(use+tax+tables)+%24+%0A6.+Social+Security+Tax+(use+6.2%25+%C3%97+gross+pay)+%24+%0A7.+Medicare+Tax+(use+1.45%25+%C3%97+gross+pay)+%24+%0AOTHER+DEDUCTIONS+%0A8.+Insurance+%24+%0A9.+Union+Dues+%24+%0A10.+Credit+Union+%24+%0A11.+Savings+%24+%0A12.+Retirement+%24+%0A13.+Charity+%24+%0A14.+Other%3A+%24+%0ATOTAL+DEDUCTIONS+(total+lines+4+through+14)+%24+%0ANET+PAY+(subtract+total+deductions+from+gross+pay)+%24
Answer:
lol so much linkExplanation:
Sweet Catering completed the following selected transactions during May 2016:
May 1: Prepaid rent for three months, $2,700 May 5: Received and paid electricity bill, $170
May 9: Received cash for meals served to customers, $2,300
May 14: Paid cash for kitchen equipment, $2,700
May 23: Served a banquet on account, $2,000
May 31: Made the adjusting entry for rent (from May 1).
May 31: Accrued salary expense, $1,300
May 31: Recorded depreciation for May on kitchen equipment, $180
Required:
If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May?
Answer:
ask the internet
Explanation:
to get your answer hope this was helpful to you