Business

Creating a Business Plan: Why is the section on key personnel so important?
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Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $226,800 of raw materials on credit; issued materials to production of $219,000 of which $37,200 were indirect. Minstrel incurred a factory payroll of $164,400, of which $47,200 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. Minstrel's beginning and ending Work in Process Inventory are $17,900 and $31,800 respectively. Compute the cost of jobs transferred to Finished Goods Inventory.
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The Converting Department of Hopkinsville Company had 640 units in work in process at the beginning of the period, which were 70% complete. During the period, 13,600 units were completed and transferred to the Packing Department. There were 720 units in process at the end of the period, which were 25% complete. Direct materials are placed into the process at the beginning of production.Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0".Hopkinsville CompanyNumber of Equivalent Units of ProductionWhole Units Direct Materials Equivalent Units Conversion Equivalent UnitsInventory in process, beginning Started and completed Transferred to Packing Department Inventory in process, ending Total
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A company called Brightline has made a deal with Disney to create a rail station at Disney Springs on its planned route from Miami to Tampa. Read about this. Is a private rail link a good idea? Will it make Amtrak function any better? Will it create openings for private sector rail owner/operators as was the case in the USA before Amtrak and as is the case in the UK where not all rail services are BritRail?
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At the end of 2020, an italian subsidiary of a U.S. parent reports 1000000 euros in equipment purchased when the exchange rate was $.140, and 3000000 euros in equipment purchased when the exchange rate was $1.50. The avrage exchange rate for 2020 is $1.35, and the beginning and ending rates for 2020 are $1.42 and $1.31, respectively. If the Italian subsidiary's functional currency is the U.S. dollar, the equipment account, in U.S. dollars is
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Which of the following is an example of internal data in a marketinginformation system?A. Statistics showing the relationship between the company's adspending and competitors' salesB. Trends in consumers' use of social mediaC. Spending levels for advertising in each type of mediaD. Populations of cities where the company has customers
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Boxwood Company sells blankets for $40 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Date Blankets Units Cost May 03 Purchase 5 $14 10 Sale 3 17 Purchase 15 $15 20 Sale 5 23 Sale 2 30 Purchase 15 $19 Assuming that the company uses the perpetual inventory system, determine the gross profit for the sale of May 23 using the FIFO inventory cost method. a.$50 b.$80 c.$20 d.$110
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Madison Foods Corp. is frustrated in its efforts to sell products in Europe because several countries are demanding that the company label products in the specific language associated with the country. These demands are examples of a Multiple Choice trade obstacle. trademark. trade role. trade name.
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On October 1, Vista View Company rented warehouse space to a tenant for $2,600 per month. The tennant paid five months rent in advance on that date, with the lease begginning immediately. The cash recipt was credited to the Unearned Rent account. The company's annual accounting period ends on December 31. The adjusting entry needed on December 31 is:
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Find a false statement on bond duration. Multiple choice question. With time to maturity and yield to maturity held constant, a bond's duration and interest rate sensitivity are higher when the coupon rate is lower. With other factors held constant, the duration of a coupon bond is higher when the bond's yield to maturity is higher. Duration always increases with maturity for a premium bond. The duration of a zero-coupon bond equals its time to maturity.
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A network security device that monitors incoming and outgoing network traffic and decides whether to allow or block specific traffic based on a defined set of security rules.
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26223-CZ company a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The 26223-CZ company based its predetermined overhead rate for the current year on the following data: Total machine-hours 50,000 Total fixed manufacturing overhead cost $ 400,000 Variable manufacturing overhead per machine-hour $ 6 Recently, Job D284 was completed with the following characteristics: Number of units in the job 40 Total machine-hours 100 Direct materials $ 750 Direct labor cost $ 2,750 If the company marks up its unit product costs by 60% then the selling price for a unit in Job D284 is closest to: (Round your intermediate calculations to 2 decimal places.)
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Consider an economy described by the following equations: Y = C + I + G, G = 2,000 T = 2,000 C = 250 + 0.75YD I = 750 a) Is there a government budget deficit, budget surplus, or balanced budget? A. budget deficit B. budget surplus C. balanced budget b) Calculate the equilibrium value of Y. Y = $ nothing c) What is the value of autonomous consumption (c0)? autonomous consumption = $ nothing d) What is the value of MPC? What is the value of MPS? MPC = nothing MPS = nothing e) Calculate the value of APC and the value of APS. Round your answers at 2 decimal places. APC = nothing APS = nothing f) Calculate private saving, public saving and national saving. Private Saving = $ nothing Public Saving = $ nothing National Saving = $ nothing
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Suppose a farmer in Georgia begins to grow peaches. He uses $1,000,000 in savings to purchase land, he rents equipment for $90 comma 000 a year, and he pays workers $110 comma 000 in wages. In return, he produces 300 comma 000 baskets of peaches per year, which sell for $3.00 each. Suppose the interest rate on savings is 1 percent and that the farmer could otherwise have earned $45 comma 000 as a shoe salesman. What is the farmer's economic profit? The peach farmer earns economic profit of $nothing . (Enter your response as an integer.)
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To ensure a full line of outdoor clothing and accessories, the marketing department at Teddy Bower insists that they also sell waterproof hunting boots. Unfortunately, Teddy Bower has no expertise in manufacturing those kinds of boots. Therefore, Teddy Bower contacted several Taiwanese suppliers to request quotes and $38 per pair of boots was the best quote. Due to competition, Teddy Bower knows that it cannot sell these boots for more than $54. However, all remaining boots can be sold off at a 50% discount at the end of the season. What is the underage cost Cu
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Stallion Corporation sold $190,000 par value, 10-year first mortgage bonds to Pony Corporation on January 1, 20X5. The bonds, which bear a nominal interest rate of 10 percent, pay interest semiannually on January 1 and July 1. The entry to record interest income by Pony Corporation on December 31, 20X7, was as follows: Note: Assume using straight-line amortization of bond discount or premium. General Journal Debit Credit Interest Receivable 9,500 Interest Income 9,025Investment in Stallion Corporation Bonds 475 Pony Corporation owns 65 percent of the voting stock of Stallion Corporation, and consolidated statements are prepared on December 31, 20X7. Required: A. What was the original purchase price of the bonds to Stallion Corporation?B. What is the balance in Pony's bond investment account on December 31, 20X7?C. Prepare the worksheet elimination entry or entries needed to remove the effects of the intercompany ownership of bonds in preparing consolidated financial statements for 20x7. Record the entry to eliminate the effects of the intercompany ownership in the bonds. Record the entry to eliminate the intercompany interest receivables/payables.
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CLratioCygnus has adividend cover ratioof 4.0 times and expectszero growth in dividends. The companyhas one million $1 ordinary sharesn issue and the market capitalization ofthecompanyis $ 50 millionAfter tax profits for next year is expected to be $20 million.What is the cost of equity capital?
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6. The recommended approach for strategy formulation by a leader is for him or her to: Group of answer choices B. inspire a large number of people to help achieve organizational purposes. D. delegate the task to the company planning department. A. involve people in making only decisions that are less critical. C. rely heavily on mathematical forecasts of the future.
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Required:1. & 2. Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. The company records prepaid and unearned items in balance sheet accounts.3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30.4. Journalize the adjusting entries for the month and prepare the adjusted trial balance.5a. Prepare the income statement for the month of April 30, 2017.5b. Prepare the statement of retained earnings for the month of April 30, 2017.5c. Prepare the balance sheet at April 30, 2017.6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6b.6b. Post the journal entries to the ledger.7. Prepare a post-closing trial balance.April 1 Nozomi invested $47,000 cash and computer equipment worth $40,000 in the company in exchange for common stock 2 The company rented furnished office space by paying $2,200 cash for the first month's (April) rent 3 The company purchased $2,000 of office supplies for cash 10 The company paid $2,200 cash for the premium on a 12-month insurance policy. Coverage begins on April 11 14 The company paid $1,300 cash for two weeks' salaries earned by employees 24 The company collected $14,000 cash on commissions from airlines on tickets obtained for customers 28 The company paid $1,300 cash for two weeks salaries earned by employees 29 The company paid $300 cash for minor repairs to the company's computer 30 The company paid 1,100 cash for this month's telephone bill 30 The company paid $2,000 cash in dividends. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 124 office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equip 209 Salaries Payable 307 Common Stock 318 Retained Earnings 319 Dividends 405 Commissions Earned 612 Depreciation Expense Computer Equip 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Summary Use the following information: a. Two-thirds (or $122) of one month's insurance coverage has expired b. At the end of the month, $600 of office supplies are still available c. This month's depreciation on the computer equipment is $400. d. Employees carned $580 of unpaid and unrecorded salaries as of month-end e. The company carned $2,250 of commissions that are not yet billed at month-end
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define investment bank.
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The article entitled "My Drug Probem" best reflects the economic idea that A. Pharmac, like private drug companies, attempt to maximaize the revenue that they receive from selling drugs. B. scarcity implies competition over resources which implies that every society has to establish rules that ration the available or potential goods and services among its citizens C. markets are always the best way to allocate resources D. government health programs, such as Pharmac, do not have to make decisions or choices regarding the availability and/or distribution of medical treartments and drugs to its citizens
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Helmers Corporation manufactures a single product. Variable costing net operating income last year was $95,000 and this year was $113,900. Last year, $35,400 in fixed manufacturing overhead costs were released from inventory under absorption costing. This year, $13,500 in fixed manufacturing overhead costs were deferred in inventory under absorption costing. What was the absorption costing net operating income last year
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Multiple Choice Question Valpar Company produces several lines of laundry hampers. The factory is highly automated and uses an activity-based costing system to allocate overhead costs to its various products. During the upcoming period the company expects to produce 72,000 units. The costs and cost drivers associated with four activity cost pools are given below: Activities Unit Level Batch Level Product Level Facility Level Cost $20,000 $10,000 $15,000 $36,000 Cost Driver 4,000 labor hours 400 set-ups % of use 72,000 units Production of 20,000 units of its popular foldable hamper required 2,000 labor hours, 20 setups, and consumed one-quarter of the product sustaining activities. What amount of batch-level costs will be allocated to the product
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what does "the customer is always right" mean
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