Answer:
$70,500 total purchases
Explanation:
15,000 - Starting inventory
21,500 - Ending inventory
6,500 - Difference
64,000 - COGS
64,000 + 6,500 =
$70,500 total purchases
(I havent taken accounting in a year so double check my answer)
The process by which ANZ bank's internal job descriptions are matched to external jobs with similar responsibilities to identify the market rate for each position is known as:
Answer:
Um sorry Where's the answer?
At December 31, Hawke Company reports the following results for its calendar year.
Cash sales $80,000
Credit sales $200,000
In addition, its unadjusted trial balance includes the following items.
Accounts receivable $108,000 debit
Allowance for doubtful accounts $1,100debit
An aging analysis estimates that 5% of year-end accounts receivable are uncollectible.
Required:
Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet.
U.S. new home sales hit six-month high as the median price stays above $400,000: Sales of new U.S. single-family homes surged to a six-month high in September.New home sales jumped 14.0% to a seasonally adjusted annual rate of 800,000 units last month, the highest level since March, the Commerce Department said. #accelerationism
Units-of-Production Depreciation Irons Delivery Inc. purchased a new delivery truck for $42,000 on January 1, 2019. The truck is expected to have a $2,000 residual value at the end of its 5-year useful life. Irons uses the units-of-production method of depreciation. Irons expects the truck to run for 150,000 miles. The actual miles driven in 2019 and 2020 were 40,000 and 36,000, respectively.
Required: Prepare the journal entry to record depreciation expense for 2019 and 2020. Round your answers to the nearest dollar. Do not round intermediate calculations.
Depreciation Expense for 2019 is $10,800 while Depreciation Expense for 2020 is $9,720
Rate of Depreciation = (Cost - Residual Value) ÷useful life
= ($42,000 - $2,000) ÷ 150,000 miles
= $0.27
Depreciation Expense = Rate of Depreciation x unit of miles during the period
So,
Depreciation Expense for 2019 = $0.27 x 40, 000
= $10,800
Depreciation Expense for 2020 = $0.27 x 36,000
= $9,720
Journal entries to record depreciation expense
Date Account titles and explanation Debit Credit
2019 Depreciation Expense $10,800
Accumulated Depreciation $10,800
Date Account titles and explanation Debit Credit
2020 Depreciation Expense $9,720
Accumulated Depreciation $9,720
See similar questions here: https://brainly.com/question/22525382
Education Planning: Suppose you have just had your first child and you want to begin saving for their college education. You estimate that with inflation, the cost of four years of college at a top university will cost a total of $225,000 in 18 years when your child graduates from high school. How much do you need to invest at the end of each month (part a) or year (part b) for the next 18 years to accumulate the $225,000 assuming:
To obtain $225,000 in 18 years it is necessary to save or invest at least 1,041.66 every month and 12,500 every year.
We know the total money that needs to be saved to cover college education is $225,000 and the time to save up this money is 18 years. Based on these two details, let's find out how much you need to save every month and every year.
Total of months:
12 months x 18 years = 216 months.The total you need to save per month:
$225,000 / 216 = 1,041.66.The total you need to save per year:
1,041.66 x 12 = 12,499.99 that can be rounded as 12,500.Note: This question seems to be incomplete; however, I answered it based on the information provided.
Learn more in: https://brainly.com/question/11508361
Business plan are also called ROAD MAPS; it’s possible to travel without one, but it will only increase the likelihood of getting lost along the way. Explain to correct answer.
I just need a paragraph or two answering these questions im doing a day care Business marketing plan, got stuck on this section its the last one. You can estimate the prices and the services we are targeting low to middle class so somewhere in between. For services we are offering pickups from local schools,toys,books, playgrounds the building is owned so just base your answers on that. Please someone help me its due in a couple hours.
if they have an actual number to use them as much a name for them or something that will come back up.
Time Left:2:23:25
Nakya Norman: Attempt 1
Question 3 (2 points)
Payton recently purchased 100 shares of stock in Game Guys, Ine: Paytda is
an) ________ of this company.
A)
owner
e
OB) creditor
OC) manager
D)
partner
Answer: Of course the owner
This interview type is used to determine which applicants have the nu
next level of interviews.
a. Group interview
b. Performance interview
C. Stress interview
d. Screening interview
0 0
Please select the best answer from the choices provided
O A
hope it helps
identify two ways lean production might be achieved
Answer:
VJNJMJNBGNFVF VGJFKVKFKRKELÑKTKFKLRGRLBG
Explanation:NBGNNUKIKUUHKNU6GGGTGJ
The following statement is TRUE about Lean A. Lean will cost a lot of money to introduce in an organization. B. Lean can only be applied in certain types of businesses. C. Just-In-Time is when parts/supplies arrive at the last possible moment. D. Lean is all about cost-cutting and results in much of the workforce getting fired. E. When we remove waste from a process, we are left with value-added activities. This enables us to produce more in less time while actually doing the value-added work slower.
Lean manufacturing is basically a production method with major aim of reducing times within the system and response times from suppliers or customers.
Some of the advantage of Lean management includes:
It help eliminates wasteIts results to worker Satisfaction. ... Its encourage Just in Time practice Its helps gain competitive advantageTherefore, Lean management encourages Just-In-Time practice where parts/supplies arrive at the last possible moment, helps to remove waste from a process and enables production of more in less time
In conclusion, Option C, E and F is correct and includes statement that is true about Lean management
Learn more about Lean Management here
brainly.com/question/24917186
What principle of corporate governance requires companies to operate in ways that respect the social and legal relationships they have with employees and creditors, among others?
A. Interests of other stakeholders
B. Integrity and ethical behavior
C. Integrity and ethical behavior
D. Disclosure and transparency
Answer:B
Explanation:
You are considering buying stock A. If the economy grows rapidly, you may earn 35 percent on the investment, while a declining economy could result in a 10 percent loss. Slow economic growth may generate a return of 3 percent. If the probability is 14 percent for rapid growth, 17 percent for a declining economy, and 69 percent for slow growth, what is the expected return on this investment
Answer:
A x 0.03 = R
Explanation:
Replace the variable A i use for the cost of the stock
R = Return
A x 0.03 = R
Due to slow growth being expected (69% probability), then you use the 3% for slow, and therefore do the price of Stock A x 0.03 to find out the gain from the start.
Which of the following is NOT a factor of production?
A) mineral resources
B) a university professor
C) an apartment building
D) 100 shares of Microsoft stock.
Answer:
C
Explanation:
C is not the factor of production
Give me braniliest
Lynx Inc. sells apparel merchandise to Dyson Inc. at a gross sales price of $980, credit terms 2/10, n/30 on July 10, 2020. Dyson pays for the merchandise in full on July 19, 2020.
Required:
Record the entries required on July 10, 2020, and July 19, 2020, for Lynx Inc. Assuming use of the gross method in accounting for credit sales. Omit the cost of goods sold entry.
Answer:
Explanation:
July 10
Dr. Accounts Receivable (98% of sales because of 2% discount) 960
Cr. Sales Revenue 960
July 19
Dr. Cash 960
Cr. Accounts Receivable 960
A firm can establish a sustainable competitive advantage over competitors if:
Answer:
it provides its customers benefits similar to its competitors but at a lower price
Explanation:
N/A
A firm can establish a sustainable competitive advantage over competitors if they are outperforming another contender.
What is firm?When a business offers its clients advantages similar to those of its rivals but at a cheaper cost, it has an edge over its competitors. This is caused by the fact that all creates its goods at a considerably lower price than its rivals.
When a company consistently beats its rivals, it would have a competitive edge. By offering products that are comparable to those of its opponents at a cheaper cost, a business might obtain an edge over its competitors.
When a company consistently beats its rivals, it would have a competitive edge. By offering products that are comparable to those of its opponents at a cheaper cost, a business might obtain an edge over its competitors.
Learn more about firm, here:
https://brainly.com/question/29482295
#SPJ2
The following transactions took place for Smart Solutions Incorporated. 2020
a. July 1 Loaned $63,000 to employees of the company and received back one-year, 10 percent notes.
b. December 31 Accrued interest on the notes. 2021
c. July 1 Received interest on the notes. (No interest has been recorded since December 31.)
d. July 1 Received principal on the notes.
Required:
Prepare the journal entries that Smart Solutions Inc. would record for the above transactions.
Here, we going to prepare the journal entries for the various transactions of Smart Solutions Inc.
Date Account titles and Explanation Debit Credit
Jul-01 2020 Notes receivable $63000
Cash $63000
Dec-31 2020 Interest Receivable $3,150
Interest Revenue $3,150
Jul-01 2021 Cash $6,300
Interest Revenue $3,150
Interest receivable $3,150
Jul-01 2021 Cash $63000
Notes receivable $63000
Notes:
Interest for 6 months on July 1 = $63000 * 10% * (6/12)
Interest for 6 months on July 1 = $3,150
Interest for 1 year = $63000 x 10%
Interest for 1 year = $6,300
See similar solution here
brainly.com/question/22716725
What experiences have led you to choose a certain career?
Answer:
From a personal experience they're a lot of moments in my life that led up to my decision to choose my career. From being constantly told that I was really good at something and that I was made for this certain career path, and just influences from others who are in the same work I am in and how good they were at their job and inspiring me to be just like them. All of those together helped influence me to choose the career that I am now working hard everyday to make sure I achieve success in.
Hope this helps.
5. MBO was first described by a. Henry Minzberg b. Henri Fayol. c. Fredrick W. Taylor. d. Peter Drucker.
Answer:
MBO was first described by Peter Drucker.
Which of the following types of business ownership has the highest personal liability risk?
A.
A partnership
B.
A sole proprietorship
C.
A C corporation
D.
An LLC
Answer:
A C corporation
Explanation:
Answer:
A.partnership
I have picked out A because in a partnership business,one is responsible for the progress of the business and when the business is in debts,he can even sell his personal property to cover up the loss made
Pedro sells investment land on September 1, 2019. Information pertaining to the sale follows: Adjusted basis $25,000 Selling price 90,000 Selling expenses 1,500 Down payment 12,000 Four installment payments 15,000 Mortgage assumed by the buyer 18,000 Required: Each installment payment is due on September 1 of 2020, 2021, 2022, and 2023 (ignore interest). Determine the tax consequences in 2019, 2020, 2021, 2022, and 2023. (Do not round intermediate calculations. Round your final answers to nearest whole dollar value.)
The tax consequence in 2019 is $10584 while the tax consequence from 2020 to 2023 will be $13229.
Bases on the information given, the realized gain will be:
= $90000 - $25000 - $1500
= $63500
The gross profit percentage will be:
= 63500/(90000 - 18000) × 100
= 63500/72000 × 100
= 88.19%
The tax consequence in 2019 will be:
= $12000 × 88.19% = $10584
The tax consequence in 2020 will be:
= $15000 × 88.19% = $13229
The tax consequence in 2021 will be:
= $15000 × 88.19% = $13229
The tax consequence in 2022 will be:
= $15000 × 88.19% = $13229
The tax consequence in 2023 will be:
= $15000 × 88.19% = $13229
Read related link on:
https://brainly.com/question/25301019
In People focus primarily on individual rights, roles, and achievements
All of the following indicate a possible pest infestation EXCEPT:
Dust underneath a storage shelf
Shredded paper towels in a corner of the dry storage area
Egg casings behind the refrigerator
Gnaw marks on a trash can
dust underneath a storage shelf
Statement that doesn't gives indication of pest infestation as regards this question is A: Dust underneath a storage shelf.
Pest infestation can be regarded as the presence of an unusually large number of insects in place They usually cause damage or disease and it is a result improper management of a place in an healthy way.Some of the activities that can cause this at home are Egg casings behind the refrigerator which can invite pest.Another one is Gnaw marks on a trash can.Therefore, option A is correct.
Learn more at:
https://brainly.com/question/3842535?referrer=searchResults
What color is the sky?
Answer:
Blue
Explanation:
Answer:blue!
Explanation:
Parker has two options for buying a car. Option A is 2.1% APR financing over 72 months and Option B is 5.1% APR over 72 months with $2600 cash back, which he would use as part of the down payment. The price of the car is $32,018 and Parker has saved $3200 for the down payment. Find the total amount Parker will spend on the car for each option if he plans to make monthly payments. Round your answers to the nearest cent, if necessary.
The total amount that Parker will spend on the car for each option with monthly payments are as follows:
Option A Option B
Monthly Payment $473.69 $423.46
Total Cost $34,105.45 $36,288.86
Data and Calculations:
Option A Option B
Cost of car $32,018 $32,018
APR 2.1% 5.1%
Period of loan 72 months 72 months
Down payment $0 $5,800 ($2,600 + $3,200)
Total loan amount $32,018 $26,218 ($32,018 - $5,800)
Total Loan Payments $32,018.00 $30,488.86
Total Loan Interest $2,087.45 $4,270.86
Monthly Payment $473.69 $423.46
Total Cost $34,105.45 $36,288.86
Option B:
Auto Price = $ 32,018
Loan Term 72 months
Interest Rate 5.1%
Down Payment 5800
Results:
Monthly Pay = $423.46
Total Loan Amount = $26,218.00
Upfront Payment = $5,800.00
Total of 72 Loan Payments = $30,488.86
Total Loan Interest = $4,270.86
Total Cost (price, interest, tax, fees) = $36,288.86
Option A:
Auto Price = $32,018
Loan Term 72 months
Interest Rate 2.1
Down Payment 0
Results:
Monthly Pay: $473.69
Total Loan Amount = $32,018.00
Upfront Payment = $0.00
Total of 72 Loan Payments = $34,105.45
Total Loan Interest = $2,087.45
Total Cost (price, interest, tax, fees) = $34,105.45
Learn more: https://brainly.com/question/24807970
Leeuwin Brokerage enters into a lease agreement with Bumble Motors to lease an automobile with a fair value of $77,000 under a 5-year lease on December 20, 2018. The lease commences on January 1, 2019, and Leeuwin will return the automobile to Bumble on December 31, 2023. The automobile has an estimated useful life of 7 years. Leeuwin made a lease payment of $10,900 on December 20, 2018. In addition, the lease agreement stipulates annual payments of $10,900, due on January 1 of 2019, 2020, 2021, 2022, and 2023. The implicit rate of the lease is 6% and is known by Leeuwin. There is no purchase option, no lease incentives, no residual value guarantees, and no transfer of ownership. Leewin incurs initial direct costs of $1,100
Requried:
Assuming that this is classified as an operating lease, what is the amount of the lease liability on January 1, 2019 before the lease payment?
Answer:
Explanation:
$80,273
What is the rate of interest if your money doubles every 6 years? This is also known as Rule of 72.
Answer:
about 12 percent
Explanation:
The following information is available for Water Inc. Date Units Unit Cost January 1, 2020 (beginning inventory) 100 $50.00 Purchases: January 10, 2020 75 52.00 January 15, 2020 150 52.50 January 30, 2020 100 55.00 The company maintains a periodic inventory system. A physical count shows 125 units in stock on January 31. What is (a) ending inventory on January 31, and (b) cost of goods sold for January, using the FIFO inventory method
Answer:
125 and $15,156.6
Explanation:
The end inventory us 125 units and thus 300 units were sold
A client asks you to create a minimum variance portfolio from two funds, A and B. Fund A has an expected return of 7% and a standard deviation of 13%. Fund B has an expected return of 8% and a standard deviation of 17%. The correlation between the returns of funds A and B is 0.17. What is the percentage of the total portfolio you should recommend to invest in fund A to obtain the minimum variance portfolio
Answer:
hope this helps b or a
Explanation:
how to deal with accrued income in accounting equation?
Explanation:
Accured income is the income that has been earned during the year, but is still to be received. Accordingly, it will increase the capital of the proprietor.And secondly it would be treated as a asset as it due from some third party that would be considered as a debtor of the firm.
I hope it will be help you
heiniken's macro-environment analysis
Answer:
Heineken is a big factory producing the beer drinsk