Gene Simmons Company uses normal costing in each of its three manufacturing departments. Factory overhead is applied to production on the basis of machine hours in Department A, direct labor cost in Department B, and direct labor hours in Department C. The following annual, budgeted data is available for the year:
first column is dept a then b then c going left to right
Factory Overhead $380,000 $420,000 $510,000
Direct Labor Cost $480,000 $600,000 $600,000
Direct Labor Hours 40,000 18,000 25,000
Machine Hours 95,000 70,000 35,000
The following actual information is available for January of the current year for each department: first column is dept a then b then c going left to right
Direct Materials Used $31,700 $57,600 $44,600
Direct Labor Cost $28,125 $53,000 $50,400
Factory Overhead $35,640 $36,040 $38,220
Direct Labor Hours Used 1,250 2,300 2,100
Machine Hours Used 8,100 1,440 1,280
REQUIRED:
A. Assume that Gene Simmons Company uses actual costing.
1. Compute the actual overhead rate for January for each department. Dept A Dept B Dept C
2. If one of the units produced in Department A used 650 machine hours, how much overhead cost would be applied to that unit?
3. What two disadvantages are associated with actual costing?
Assume that Gene Simmons Company uses normal costing.
1. How does normal costing "solve" the two problems associated with actual costing?
2. Compute the pre-determined annual overhead rate for the current year for each department. Dept A Dept B Dept C
3. Compute the manufacturing overhead applied in January in each department. Dept A Dept B Dept C
4. Compute under- or over-applied overhead at the end of January in each department. Dept A Over or Under (circle one) Dept B Over or Under (circle one) Dept C Over or Under (circle one)
5. On January 31, how will the balances of the Factory Overhead accounts be reported on the financial statements?
6. On December 31 (the end of the year), how will the balances of the Factory Overhead accounts be reported on the financial statements?

Answers

Answer 1

Answer:

Required A

Part 1

Actual overhead rate = Actual Overheads ÷ Actual hours used

Therefore,

Dep A = $35,640 ÷ 8,100 = $4.40

Dep B = $36,040 ÷ 1,440 = $25.03

Dep C = $38,220 ÷ 1,280 = $29.86

Part 2

Overheads applied = Overhead rate × hours used

Therefore,

Overheads applied = $4.40 × 650 hours = $2,860

Part 3

1. Actual costing delays product costing as the information is only available after the period.

2. Difficult to deal with for fluctuating or seasonal sales as new rates always need to be calculated.

Required B

Part 1

1. Product Costing can be done on time hence price setting can also be done at an earlier stage.

2. Rates are determined consistently for fluctuating or seasonal sales

Part 2

Predetermined overhead rate = Budgeted Overheads ÷ Budgeted hours

Therefore,

Dep A = $380,000 ÷ 95,000 = $4.00

Dep B = $420,000 ÷ 70,000 = $6.00

Dep C = $510,000 ÷ 35,000 = $14.57

Part 3

Overheads applied = Predetermined overhead rate × hours used

Therefore,

Overheads applied for January,

Department A = $4.00 × 8,100 hours = $32,400

Department B = $6.00 × 1,440 hours = $8,640

Department C = $14.57 × 1,280 hours = $18,649.60

Part 4

If Actual Overheads > Applied Overheads, we say overheads are under-applied,

and

If Applied Overheads > Actual Overheads, we say overheads are over-applied.

Therefore,

Department A :

Actual Overheads = $35,640

Applied Overheads = $32,400

Therefore, overheads are under-applied by $3,240

Department B :

Actual Overheads = $36,040

Applied Overheads = $8,640

Therefore, overheads are under-applied by $27,400

Department C :

Actual Overheads = $38,220

Applied Overheads = $18,649.60

Therefore, overheads are under-applied by $19,570.40

Part 5

Department A

Cost of Sales = $3,240

Department B

Cost of Sales = $27,400

Department C

Cost of Sales = $19,570.40

Part 6

Department A

Cost of Sales = $3,240

Department B

Cost of Sales = $27,400

Department C

Cost of Sales = $19,570.40

Explanations :

See the formulas and calculations tied together with the solution above.

Note that :

If Actual Overheads > Applied Overheads, we say overheads are under-applied,

and

If Applied Overheads > Actual Overheads, we say overheads are over-applied.

Also that ,

Balances in the Overheads Account are closed off against the Cost of Goods Sold in the Income Statement.

 


Related Questions

what did andy davis do to change eddies behaviour?

Answers

Answer:

The Manager Andy Davis worked hard to improve Eddie's behavior and skills by implanting commitment in improving Eddie through team-based efforts.

Explanation:

Which type of team rarely has the
authority to unilaterally implement
any of their suggestions?
= Problem-Solving Teams ​

Answers

Explanation:

Problem-Solving Teams is the right one hahahahahahahabaha

Sprague Company has been operating for several years, and on December 31, 207, presented the following balance sheet.
SPRAGUE COMPANY BALANCE SHEET DECEMBER 31, 2014
Cash $40,000
Accounts payable $80,000
Receivables 75000
Mortgage payable 140,200
Inventory 95000
Common stock ($1 par) 150,000
Plant assets (net) 220,000
Retained earnings 60,000 430000
The net income for 2017 was $25,000. Assume that total assets are the same in 2016 and 2017.
Compute each of the following ratios. for each of the four, indicate the manner in which it is computed and its significance as tool in the analysis of the financial soundness of the company
a) Current ratio
b) Acid-test ratio
c) Debt to assets ratio
d) Return on asset

Answers

Answer:

A. Current Ratio= 2.63

B. Acid-Test Ratio = 1.44

C. Debt to Assets Ratio 51.16%

D. Return on assets 5.81%

Explanation:

a. Calculation forn Current Ratio

First step is to Calculate the Total Current Assets

Cash 40,000

Receivables 75,000

Inventory 95,000

Total Current Assets 210,000

Now let calculate Current Ratio

Current Ratio= Current Assets / Current Liabilities

Current Ratio=210,000/80,000

Current Ratio= 2.63

b Calculation for Acid-Test Ratio

Acid-Test Ratio=(Current Assets - Inventory) / Current Liabilities

Acid-Test Ratio =(210,000-95,000)/80,000

Acid-Test Ratio =115,000/80,000

Acid-Test Ratio = 1.44

c. Calculation for Debt to Assets Ratio

First step is to calculate total Debt

Accounts payable 80,000

Mortgage payable 140,000

Total Debt 220,000

Now let calculate the Debt to Assets Ratio

Debt to Assets Ratio= Total Debt/ Total Assets

Debt to Assets Ratio=220,000/430,000

Debt to Assets Ratio= 51.16%

d. Calculation for Return on assets

Return on assets= Net Income/ Average Assets

Return on assets=25,000/430,000

Return on assets 5.81%

The difference between the income
received from abroad for rendering factor services by the normal residents of the country to the rest of the world and income paid for the factor services rendered by
nonresidents in the domestic territory of a country is known as:

Select one:
a. Net Factor Income from Abroad
b. Capital consumption allowances
c. Depreciation
d. Subsidy

= Net Factor Income from Abroad​

Answers

The difference between the income received from abroad for rendering factor services and income paid for the factor services rendered by nonresidents is known as Net Factor Income from Abroad. Thus the correct  option is (B).

What is Income?

Income refers to the money received by the individual over a period of time. In Business, income refers to the revenue generated after selling the goods and services to the customers.

Net factor Income from abroad refers to the income received from aboard after providing the services  by the residents of the country to the rest of the world minus income paid for taking services from the domestic country.

Thus the correct  option is (B).

Learn more about net factor income here:

https://brainly.com/question/16937226

#SPJ1

The teams are concerned with
rotating tasks and assignments
amongst its members are

Select one:
a. Self concerned
b. Self motivated
c. Self styled
d. Self-managed

= Self-managed​

Answers

Answer:

Self-managed

Explanation:

the answer is Self-managed

The teams are concerned with

rotating tasks and assignments

amongst its members are

Select one:

a. Self concerned

b. Self m

During the year, the Senbet Discount Tire Company had gross sales of $1.14 million. The firm’s cost of goods sold and selling expenses were $533,000 and $223,000, respectively. The firm also had notes payable of $880,000. These notes carried an interest rate of 7 percent. Depreciation was $138,000. The firm’s tax rate was 35 percent.
What was the firm’s operating cash flow? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Round your answer to the nearest whole number, e.g., 32.)

Answers

Answer:

$319,460

Explanation:

Calculation for the firm’s operating cash flow

First step is to calculate EBIT and Taxes

Sales $1,140,000

Less Cost of goods sold 533,000

Less Selling costs 223,000

Less Depreciation 138,000

EBIT $246,000

Interest 61,600

(7%*$880,000)

Taxable income $184,400

(246,000-61,600)

TAXES 64,540

(35%*$184,400)

Now let calculate the firm’s operating cash flow using this formula

Operating cash flow = EBIT + Depreciation - Taxes

Let plug in the formula

Operating cash flow = $246,000 + $138,000 - $64,540

Operating cash flow = $319,460

Therefore the firm’s operating cash flow is $319,460

A bank has written a call option on one stock and a put option on another stock. For the first option the stock price is 50, the strike price is 51, the volatility is 28% per annum, and the time to maturity is nine months. For the second option the stock price is 20, the strike price is 19, the volatility is 25% per annum, and the time to maturity is one year. Neither stock pays a dividend, the risk-free rate is 6% per annum, and the correlation between stock price returns is 0.4. Calculate a 10-day 99% VaR.

Answers

Answer:

10-Day 99% VaR = 3.61

Explanation:

Data Given:

For First Option:

Stock Price = 50

Strike Price = 51

Volatility = 28% per annum

Time to maturity = 9 months

For Second Option:

Stock Price = 20

Strike Price = 19

Volatility = 25% per annum

Time to maturity = 12 months or 1 year

Risk Free Rate = 6% per annum

Correlation = 0.4

Find 10-day 99% VaR.

Solution:

First of all we need to refer the DerivaGem Model to dig out the change in price equation for both the options.

So, according to DerivaGem Model, We have following data:

For First Option:

Value  = -5.413

Delta Value = -0.589

For Second Option:

Value = -1.014

Delta = -0.284

Change in Price = (Delta value of First Option x Stock Price)Y1 + (Delta value of the second option x Stock Price)Y2

Change in Price = (-0.589 x 50)Y1 + (-0.284 x 20)Y2

So, We will get the Change in Price Linear Equation for both the options.

Change in Price = -29.45Y1 -5.68Y2

Now, we have to calculate the Daily Volatility Percentage.

Formula:

Daily Volatility Percentage = Volatility/ Square root of number of days active in annum

Number of Days Active = 252

Volatility for First Option = 28%

Volatility for Second Option = 25%

Daily Volatility Percentage for First Option = 28%/[tex]\sqrt{252}[/tex]

Daily Volatility Percentage for First Option = 0.0176

Similarly,

Daily Volatility Percentage for Second Option = 25%/[tex]\sqrt{252}[/tex]

Daily Volatility Percentage for Second Option = 0.0157

Now, utilizing the above calculated data, we can find the one-day variance of change in price.

1-Day Variance =[tex](29.45^{2} *0.0176^{2}) + (5.68^{2} * 0.0157^{2}) - (2 * 29.45 * 0.0176 * 5.68 * 0.0157 * 0.4)[/tex]

Solving the above equation:

We get:

1-Day Variance = 0.2396

Now, we have to find the standard deviation of 1-Day Variance:

SD of 1-Day Variance = [tex]\sqrt{0.2396}[/tex]

SD of 1-Day Variance = 0.4895

So,

Now, in order to find the value of one day 99% VaR from the table, we have all the prerequisites.

So,

Value of One day 99% VaR from table = 2.33

But we need 10-Day 99% VaR.

So, number of days = 10

Hence,

10-Day 99% VaR = [tex]0.4895 * 2.33 * \sqrt{10}[/tex]

10-Day 99% VaR = 3.61

Identify the items/accounts from the following list that are likely to serve as source documents.

a. Sales ticket
b. Trial balance
c. Balance sheet
d.Telephone bill
e. Invoice from supplier
f. Company revenue account
g. Income statement
h. Bank statement
i. Prepaid insurance

Answers

Answer and Explanation:

The following are the items that considered as a source documents

a. sales ticket

b. Telephone bill

c. Invoice from supplier

d. The bank statement

These four items would be classified as source documents

Basically the source document is the information that used as a source for recording the accounting entries either in electronic form or in paper form

If the government issued license to pollute a total of 1,600 tons of emissions, the market price to emit 1 ton of emissions would equal:___________.

Answers

Answer:

$450 per ton.

Explanation:

The government has allowed to pollute 1600 ton of emission. The business has secured license from the government to run its business activities and drain the polluted waste in the sea. The total pollution allowed is 1600 tons and the cost of securing the license is $720,000. The cost per ton of emission would be $450.

Real and nominal income is calculated respectively at----

Select one:
a. Current price and current price
b. Constant price and Constant price
c. Current price and Constant Price
d. Constant price and Current price

= Constant price and Current price​

Answers

Answer: Constant price and Current price

Explanation:

Real income and nominal income is calculated respectively at the constant price and the current price.

The constant prices has to do with the real values that has taken inflation into consideration. They are typically in real value.

The current prices are the prices of goods and services at a particular point in time. Current prices are typically in nominal value.

Therefore, the answer is option D.

Today, you deposit $2,500 of cash in a savings account that earns 8.0% in annualized interest. One interest payment is received at the end of every year. You make no other deposits or withdrawals.

In five years, the amount of interest on interest you have earned in your savings account is closest to: ________

a. $173
b. $175
c. $177
d. $1,000
e. $1,177

Answers

Answer:

a. $173

Explanation:

The computation of the amount of interest earned in five years is shown below;

But before that following calculations need to be done

As we know that

Simple interest = Present value × rate of interest × time period

= $2,500 × 8% × 5

= $1,000

Now the future value is

Future value = Present value × (1 + rate of interest)^number of years

= $2,500 ×(1 + 8%)^5

= $2,500 × 1.4693280768

= $3,673

Now the compound interest is

Compound interest = Future value - Present value

= $3,673 - $2,500

= $1,173

Now interest on interest is

Interest on interest = Compound interest - Simple interest

= $1,173 - $1,000

= $173

If the equipment account has a balance of INR. 22,50,000 and the accumulated depreciation
account has a balance of INR. 14,00,000, the book value of the equipment is
Select one:
O a. 8,50,000
O b. 17,00,000
O c. 14,00,000
O d. 36,50,000

Answers

Answer:

a. 8,50,000

Explanation:

Account balance INR, 22, 50,000

Accumulated depreciation INR. 14,00,000

The book value is the difference between the account balance and the accumulated depreciation

= INR, 22,50,000 - INR. 14,00,000

=INR, 8,50,000

Each year, Tom and Cindy Bates (married filing jointly) report itemized deductions of $20,000 (which includes an annual $4,000 pledge payment to their church). Upon the advice of a friend, they do the following: In early January 2019, they pay their 2018 pledge; during 2019, they pay the 2019 pledge; and in late December 2019, they prepay their 2020 pledge.
a. What are the Bateses trying to accomplish? To have their itemized deductions exceed the standard deduction .
b. What would the Bates' total itemized deductions be if all three church pledge payments were made in 2019? Assume that the itemized deductions of $20,000 already included one year of the church pledge payments. $ 12,000 What will be the Bates' tax saving if their marginal tax bracket is 24% for all three years? (Assume that the standard deduction amounts for 2019 and 2020 are the same.) By concentrating their charitable contributions, their tax savings becomes $ 2,000 X.

Answers

Answer:

a. What are the Bateses trying to accomplish?

To have their itemized deductions exceed the standard deduction.

In 2019, the standard deduction was $24,400, so in order for itemizing to make sense, the total amount itemized must be above that threshold.

b. What would the Bates' total itemized deductions be if all three church pledge payments were made in 2019? Assume that the itemized deductions of $20,000 already included one year of the church pledge payments. $ 12,000 What will be the Bates' tax saving if their marginal tax bracket is 24% for all three years? (Assume that the standard deduction amounts for 2019 and 2020 are the same.) By concentrating their charitable contributions, their tax savings becomes $ 2,000 X.

total itemized deductions = $20,000 + $4,000 + $4,000 = $28,000

tax savings = ($28,000 - $24,400) x 24% = $864

IN the economic order quantity model, if carrying costs increase while all other costs remain unchanged, the number of orders placed would be expected to:_______

a. increase.
b. decrease.
c. remain unchanged.
d. change without regard to carrying costs.

Answers

Answer:

b. decrease

Explanation:

In the EOQ model, if carrying costs increase while all other costs remain unchanged, the number of orders placed would be expected to decrease.

Carrying cost is placed in denominator of the EOQ formula hence as we increase denominator the total quantity will fall. If the carrying cost is high, then we would place lesser order to reduce such costs.

Also, if carrying costs decrease while all other costs remain unchanged, the number of orders placed would be expected to decrease because there is already excess of inventory due to which the new orders have to be decreased to utilize the already pending inventory.

You have the following information
Salam $1,000
Net profit margin= 5%.
Calculate Net Income

Answers

Answer:

$50

Explanation:

Net income will be the difference between the selling price and the Cost price.

Cost price is $1000

net profit margin is 5%, selling price will be

=$1000 + profit margin

= $1000 + (5/100 x 1000)

=$1000 + $50

=$1050

Net income = $1050 -$50

=$50

Windhoek Mines, Ltd., of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land to which the company has mineral rights. An engineering and cost analysis has been made, and it is expected that the following cash flows would be associated with opening and operating a mine in the area:
Cost of new equipment and timbers $310,000
Working capital required $190,000
Annual net cash receipts $125,000
Cost to construct new roads in year three $58,000
Salvage value of equipment in four years $83,000
Receipts from sales of ore, less out-of-pocket costs for salaries, utilities, insurance, and so forth. The mineral deposit would be exhausted after four years of mining. At that point, the working capital would be released for reinvestment elsewhere. The company's required rate of return is 20%.
Required:
A. Determine the net present value of the proposed mining project.
B. Should the project be accepted?
1. Yes.
2. No.

Answers

Answer:

NPV = -$78,318

Explanation:

cash flow 0 = -$310,000 - $190,000 = -$500,000

cash flow 1 = $125,000

cash flow 2 = $125,000

cash flow 3 = $125,000 - $58,000 = $67,000

cash flow 4 = $125,000 + $83,000 + $190,000 = $398,000

NPV = -$500,000 + $125,000/1.2 + $125,000/1.2² + $67,000/1.2³ + $398,000/1.2⁴ = -$78,318

Suppose Kim purchases a new personal computer produced in China for $1,900. What is the effect on the components of GDP and GDP as a whole?
Instructions: If there is no impact on that component enter a O for $0. If there is a positive contribution to the component enter in a the whole dollar amount. If there is a negative contribution to the component enter a negative sign before the dollar amount. Be sure all boxes include a number.
Consumption _____$
Investment _______ $
Government Expenditures ________$
Net Exports _____ $
Change in GDP as a result of the transaction __________ $

Answers

Answer:

Consumption $ 1900

Investment 0

Government Expenditures 0

Net Exports -$ 1900

Change in GDP as a result of the transaction 0

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

The purchase of the laptop is part of durable consumption. So, consumption increases by $1900

The purchase of the laptop is not by a business or by the government. Investment and government expenditure remains unchanged.

The purchase of the laptop from China constitutes an import activity. Import  increases. But import is a negative function of import, so net export decreases.

Total change in GDP = $1900 + 0 + 0 - $1900 = 0

Stock Y has a beta of 1.3 and an expected return of 15.3 percent. Stock Z has a beta of 0.70 and an expected return of 9.3 percent. If the risk-free rate is 5.5 percent and the market risk premium is 6.8 percent, the reward-to-risk ratios for stocks Y and Z are and percent, respectively. Since the SML reward-to-risk is percent, Stock Y is (Click to select) and Stock Z is:_______ . (Round your answers to 2 decimal places. (e.g., 32.16))

Answers

Answer:

Reward-to-risk ratio Y =7.54%

Reward-to-risk ratio Z = 5.43%

Since the SML reward-to-risk is 6.8%

Stock Y is Undervalued

Stock Z Overvalued

Explanation:

Calculation for the reward-to-risk ratios for stocks Y is 7.54% and Z is 5.43% respectively.

Reward-to-risk ratio Y = (15.3%-5.5%)/1.3

Reward-to-risk ratio Y =7.54%

Reward-to-risk ratio Z = (9.3%-5.5%)/0.7 =

Reward-to-risk ratio Z = 5.43%

Therefore the reward-to-risk ratios for stocks Y and Z are and percent, respectively

Since the SML reward-to-risk is 6.8%

Stock Y is undervalued while Stock Stock Z on the other hand is overvalued reason been that

Reward-to-risk ratio Y is high while the Reward-to-risk ratio is low .

Why might Gross Domestic Product not be the most accurate measure of an economy's health? (Explain at least 3 reasons)

Answers

Answer: See explanation

Explanation:

The gross domestic product is the value of an economy's final goods which the economy produces. The reasons why Domestic Product may not be the most accurate measure of an economy's health include:

• It doesn't take into account the value of the works of housewives, volunteers etc.

• The gross domestic product doesn't measure the quality of education that is offered, the children's health, happiness etc.

• GDP takes into consideration the market prices and therefore, activities that are outside the market are left out and not measured.

Which of the following is NOT a
characteristic of organizations with
significant political activity?
Select one:
a. Win-win approach to reward
allocations
b. Role ambiguity
c. Opportunities for promotion
an advancement
d. Declining or scarce resources

= Win-win approach to reward
allocations ​

Answers

Explanation:

Win-win approach to reward

allocations

The following data is from Netflicks Company for 2020.
Sales revenue $96,000
Beginning inventory 12,800
Purchases 64,000
For each separate case a through e, estimate ending inventory.
a. Markup is 50% on cost. ?
b. Markup is 60% on sales. ?
c. Markup is 25% on cost. ?
d. Markup is 40% on sales. ?
e. Markup is 60% on cost. ?

Answers

Answer:

a. $12,800

b. $38,400

c. $0

d. $19,200

e. $16,800

Explanation:

Given the following;

Sales revenue $96,000

Beginning inventory $12,800

Purchases $64,000

Recall that

Opening inventory + purchases - sales = closing inventory

Also;

a. If Markup is 50% on cost, let the cost of the items sold be T then

50% * T + T = 96,000

1.5T = 96,000

Divide both side by 1.5

T = $64,000

Hence the closing inventory Y may be derived as

Y = 12800 + 64000 - 64000

Y = $12,800

b. If Markup is 60% on sale, let the cost of the items sold be T then

T = $96,000 - (60% * $96,000)

= $96000 - $57600

= $38400

Ending inventory Y = 12800 + 64000 - 38400

Y = $38,400

c. If Markup is 25% on cost, let the cost of the items sold be T then

25% * T + T = 96,000

1.25T = 96,000

Divide both side by 1.25

T = $76,800

Hence the closing inventory Y may be derived as

Y = 12800 + 64000 - 76800

Y = 0

This means all items were sold.

d. If Markup is 40% on sale, let the cost of the items sold be T then

T = $96,000 - (40% * $96,000)

= $96000 - $38400

= $57600

Ending inventory Y = 12800 + 64000 - 57600

Y = $19,200

e. If Markup is 60% on cost, let the cost of the items sold be T then

60% * T + T = 96,000

1.6T = 96,000

Divide both side by 1.6

T = $60,000

Hence the closing inventory Y may be derived as

Y = 12800 + 64000 - 60,000

Y = $16,800

What is the deference between research and report

Answers

research is when you are trying learn about something and report is when you are telling somebody about something

How do financial intermediaries impact the market efficiency?​

Answers

Answer:

help create efficient markets and lower the cost of doing business. Intermediaries can provide leasing or factoring

Explanation:

These intermediaries help create efficient markets and lower the cost of doing business . Intermediaries can provide leasing or factoring services , but do not accept deposits from the public . Financial intermediaries offer the benefit of pooling risk , reducing cost , and providing economies of scale , among others .

Plss follow me!!!

Prepare a one page memo for your boss briefly summarizing how you concluded the meeting. More importantly, recommend to your boss a course of action for your organization moving forward. Be sure to fully support your recommendations.

Answers

Answer:

Memo for business promotion

Explanation:

To : Manager

From : Finance Officer

Subject : Actions for moving forward

The business meeting has been concluded successfully and minutes of the meeting is prepared in the document. The business needs to be moved forwards as there are many competitors entering in the market. The business need to focus on introducing new products which are demanded by the customer and allow some customization according to customer needs. The packaging of the products also needs to be revised as the presentation is also important for customer to make a buy decision. The business profits will increase and the sales will be high.

Further minutes of the meeting are attached with the memo.

Sign: Edward,

Record the withdrawal if Benson on the assumption that she is paid $30,000 in partnership cash plus equipment recorded on the partnership books at $70,000 less its accumulated depreciation of $23,200 for her equity.

Answers

Answer:

(a) Dr Benson, Capital 138,000

Cr North, Capital 138,000

(b) Dr Benson, Capital 138,000

Cr Schmidt, Capital 138,000

(c) Dr Benson, Capital 138,000

Cr Cash 138,000

(d) Dr Benson, Capital 138,000

Dr Meir, Capital 28,500

Dr Lau, Capital 47,500

Cr Cash 214,000

(e) Dr Benson, Capital 138,000

Dr Accumulated depreciation-Equipment 23,200

Cr Meir, Capital 22,950

Cr Lau, Capital 38,250

Cr Equipment 70,000

Cr Cash30,000

Explanation:

Preparation of the journal entry to record Benson's withdrawal under each independent assumptions.

(a) Dr Benson, Capital 138,000

Cr North, Capital 138,000

(b) Dr Benson, Capital 138,000

Cr Schmidt, Capital 138,000

(c) Dr Benson, Capital 138,000

Cr Cash 138,000

(d) Dr Benson, Capital 138,000

Dr Meir, Capital 28,500

[(214,000-134,800)*3/8]

Dr Lau, Capital 47,500

[(214,000-138,000)*5/8]

Cr Cash 214,000

(e) Dr Benson, Capital 138,000

Dr Accumulated depreciation-Equipment 23,200

Cr Meir, Capital 22,950

[(138,000+23,200)-(70,000+30,000)*3/8]

Cr Lau, Capital 38,250

[(138,000+23,200)-(70,000+30,000)*5/8]

Cr Equipment 70,000

Cr Cash30,000

Case studies can _________ be cross-representational from company to company.

rarely

always

never

usually

Answers

Usually That’s what I put last time, but I didn’t see the answer
I think usually best goes there

Martin and sons: Job injuries, medical mal practice, and personal injury. Free initial consultation.
Smith and Jones: No fee unless you win your case. Specialize in worker's compensation legal issues
Thorn and Thomas: Employment law, contract negations, and employment safety issues
Williams Attorneys: State and federal unemployment fairness, medical malpractice law suits. Reasonable hour rates plus percentage of settlement.
An employee believes she was injured on the job due to unsafe situation. Based on the advertisement above, which of the following attorneys provides the necessary experience to pursue her claim and would ensure the employee the lowest overall cost.
A. Martine and Sons
B. Smith and Jones
C. Thorn and Thomas
D. Williams Attorneys

Answers

Answer: B. Smith and Jones

Explanation:

Based on the information given in the question, the attorneys that provides the necessary experience to pursue her claim and would ensure the employee the lowest overall cost will be Smith and Jones.

From the question, we are informed that Smith and Jones specialize in worker's compensation legal issues and since the employee believes she was injured on the job due to unsafe situation, this implies that the employee would need to be compensated and therefore, the right attorney will be Smith and Jones. They are also cheap when compared to others.

Breakthrough innovations account for ___% in the golden ratio on innovation
Group of answer choices
a. 20
b. 10
c. 5
d. 15
e. 25

Answers

E. 25 is the best answer

. Based on the Empirical Rule, what percent of the observations will lie between plus or minus two standard deviations from the mean?

Answers

Answer:

Empirical Rule or 68-95-99.7% Rule

Approximately 95% of the data fall within two standard deviations of the mean.

What can a speaker do to ensure that they are respectful of their audience, especially when speaking to a skeptical audience or an audience that has different values than their own? What considerations should a speaker take if they are presenting a topic that is new to the audience?

Answers

Answer:

Be Honest and Avoid Plagiarism. Credible public speakers are open and honest with their audiences. Identify Your Sources. Decide When to Cite. Cite Sources Properly. Understand Paraphrasing and Direct Quotations. Develop Accurate Citations. Set Responsible Speech Goals. Promote Diversity.

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