Question 15 of 20
Which information in the accounts payable subsidiary journal is entered after
the amount of credit or debit?
A. the terms of the sale
B. the date
C. the name of the vendor
OD. the balance
SUBMIT

Answers

Answer 1

Answer:

credit entry

Explanation:

The accounts payable subsidiary ledger is a breakdown of the total amount of payables listed on the general ledger. In other words, the subsidiary ledger contains the individual payables owed to each of the suppliers and vendors, as well as the amounts owed.

When recording an account payable, debit the asset or expense account to which a purchase relates and credit the accounts payable account. When an account payable is paid, debit accounts payable and credit cash. Payroll entry.

The accounts payable subsidiary ledger provides detailed information about amounts owed to creditors.

The total of the individual account balances in the accounts receivable subsidiary ledger should agree with the total of the individual account balances in the accounts payable subsidiary ledger.


Related Questions

How do l write a research proposal?

Answers

Writing a research proposal involves several steps and considerations, including defining your research question, developing a research plan, identifying potential sources of funding, and presenting your proposal in a clear and compelling way.

Write a general outline of the steps to follow?

Title page: Include the title of your proposal, your name, and contact information.

Introduction: Provide an overview of your research question or problem and its significance.

Literature review: Summarize previous research related to your topic and identify any gaps or areas for further study.

Research question or hypothesis: Clearly state your research question or hypothesis and explain why it is important.

Methodology: Describe your research plan, including the research design, data collection methods, and analytical techniques you will use.

Potential sources of funding: Identify any potential sources of funding for your research and explain why your project is a good fit for their program.

Conclusion: Summarize your proposal and emphasize its significance.

References: Include a list of references cited in your proposal.

Appendices: Include any additional materials that support your proposal, such as survey instruments, data tables, or letters of support.

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Select the correct answer. At which stage would you settle on an idea or product that seems to have good potential?
A. screening and evaluation stage
B. ideation stage
C. new product development stage
D. business analysis stage​

Answers

GoPro analyzes a new product's possible lifecycle throughout the commercialization stage of the new product development process, including  time to break even and the time for potential competitive replies.

During which stage of product development are the most product ideas evaluated?

The concept of the product life-cycle is used as a guide by management and marketing professionals to determine whether it is important to increase advertising, cut costs, expand into new markets, or modify packaging.

Commercialization is the process of bringing new products or services to market.

The production, delivery, promotion, advertising, customer support, and other key activities critical to the new service or product's commercial success are all included in the broader marketing act.

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A company had average total assets of $902000. It's gross sales were $1,085,000 and its net sales were $995000. The company's total asset turnover equals:

Answers

Answer:

Total Asset Turnover = Net Sales/Average Total Assets

Total Asset Turnover = $995,000/$902,000 = 1.10

Explanation:

I apologize if any part of my answer is wrong i tried my absolute best to help you improve and get better results in whatever your trying to do

Chapter 10 Review Problems
The cost of an asset is $1,200,000, and its residual value is $100,000. Estimated useful life of the asset
is eight years. Calculate depreciation for the second year using the double-declining-balance
method of depreciation. (Do not round any intermediate calculations, and round your final answer
to the nearest dollar.)

Answers

Answer:

$225,000

Explanation:

First, we need to calculate the annual depreciation rate:

Annual depreciation rate = 2 / Useful life

Annual depreciation rate = 2 / 8

Annual depreciation rate = 0.25 or 25%

Next, we calculate the first year's depreciation using the double-declining-balance method:

First-year depreciation = (Cost of asset - Accumulated depreciation) x Annual depreciation rate

First-year depreciation = ($1,200,000 - $0) x 25%

First-year depreciation = $300,000

Now, we can calculate the second year's depreciation:

Second-year depreciation = (Cost of asset - Accumulated depreciation) x Annual depreciation rate

Second-year depreciation = ($1,200,000 - $300,000) x 25%

Second-year depreciation = $225,000

Therefore, the depreciation for the second year using the double-declining-balance method is $225,000.

Exercise 4-27

1. Determine the following ratios for 2021: (Round your percentage answers to 1 decimal place.)
2. Determine the amount of dividends paid to shareholders during 2021. (Enter your answers in whole dollars, not in thousands. For example, $150,000 ether than 150.)
1a. Profit margin on sales
16. Return on assets
1c. Return on equity
2. Dividends paid

Answers

SOLUTION 1. RATIOS FOR 2021. 1a. PROFIT MARGIN ON SALE = TOTAL profit / total sales * 100 = 198 / 5300 * 100 = 3.7958 or 3.80%. 1b. RETURN ON ASSETS = NET pro

According to Buddhism, what does it mean to say that there is no true self?
A. That souls do not exist, only bodies.
B. That the soul is the animating principle of the body.
C. That you, like everything else, is essentially composite and relational.
D. That the self is a mere social construct.

Why is practice required if one already has the correct philosophy?
A. Because the goal is changing one's outlook on life, which is more than merely believing things.
B. Because practice can help improve upon one's philosophy.
C. Because no one has actually experience enlightenment yet.
D. Because a mere philosophy is not a religion, and Buddhism is a religion.

Buddhist practices are primarily concerned with meditation and mindfulness.
True. The main goal is peace of mind, and peace of mind is attained via meditation and mindfulness.
False. Buddhist practices also involve worshiping the Buddha.
True. Changing one's outlook on life is primarily attained by practicing meditations and mindfulness.
False. Buddhist practices are broad ranging.

Answers

According to Buddhism, That souls do not exist, only bodies, Because practice can help improve upon one's philosophy. True. The main goal is peace of mind, and peace of mind is attained via meditation and mindfulness

Buddhism, one of the largest religions in the world, with origins that go back 2,500 years in India. Buddhists believe that nirvana, or enlightenment, can be obtained via meditation, perseverance (both physically and spiritually), and moral behavior. They also believe that suffering is a part of human life. According to Buddhism, coming to terms with the fact that the self is fleeting and interconnected will lead to enlightenment and the end of suffering. By comprehending that the self is a continually changing process rather than a fixed thing, people can cultivate a more flexible and empathetic attitude on life and shed the illusion of a separate, permanent self.

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What is an example of a natural resource?

A.
plastic

B.
steel

C.
gasoline

D.
animals

Answers

Answer:

Explanation:

D. animals

As you reflect on the results of your self-assessment, do you believe you have the emotional intelligence to be a successful leader? Why or why not? Which Big Five OCEAN personality traits, intelligence components, or emotional-intelligence (EQ) components do you think will assist you in being a more inclusive leader?
As you think of all the ineffective leaders you have ever worked for or played on sports teams for, did they possess a common attribute that caused them to be ineffective?
How portable or non-portable are skills associated with being an inclusive leader

Answers

Explanation:

Emotional intelligence (EI) is a critical component of effective leadership, as it enables leaders to understand and manage their own emotions, as well as the emotions of others. Leaders with high EI are typically better at communication, collaboration, conflict resolution, and building strong relationships with team members.

The Big Five OCEAN personality traits that are often associated with effective leadership include:

Openness: A willingness to consider new ideas and perspectives.

Conscientiousness: A focus on goal achievement and attention to detail.

Extraversion: A tendency to be outgoing, sociable, and assertive.

Agreeableness: A concern for others' needs and feelings and a desire to avoid conflict.

Neuroticism: A tendency to experience negative emotions such as anxiety, depression, and self-doubt.

In terms of intelligence components, leaders who possess strong emotional intelligence, as well as high levels of cognitive intelligence (IQ), are typically more successful. They are better able to analyze complex problems, make effective decisions, and communicate their ideas clearly to others.

Inclusive leadership requires leaders to be self-aware, empathetic, and open-minded, with a willingness to embrace diverse perspectives and ideas. The skills associated with inclusive leadership, such as effective communication, active listening, and conflict resolution, are highly portable and can be applied in a variety of contexts.

Ineffective leaders often share common attributes such as a lack of self-awareness, poor communication skills, and an inability to build strong relationships with team members. They may also lack the emotional intelligence necessary to effectively manage their own emotions and respond to the emotions of others.

An essential quality of successful leadership is emotional intelligence. The Big Five OCEAN are neuroticism, extraversion, openness, conscientiousness, and agreeableness. being an inclusive leader requires effective communication.

The ability to recognize and control one's own emotions as well as the emotions of others makes emotional intelligence (EI) a crucial element of effective leadership.

The Big Five OCEAN:

Openness: The capacity to take into account novel viewpoints and ideas.

Conscientiousness: A commitment to goal achievement and meticulousness.

Extraversion: The propensity to be gregarious, aggressive, and outgoing.

Being able to compromise and having empathy for others' needs and feelings.

An inclination to feel unfavorable feelings including anxiety, despair, and self-doubt.

Leaders that have both high levels of cognitive intelligence (IQ) and great emotional intelligence are often more successful, according to the intelligence spectrum.

Common characteristics of ineffective leaders include a lack of self-awareness, poor communication abilities, and a failure to forge close bonds with team members.

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Who employs most farmers in the United States?

A.
agricultural companies

B.
the federal government

C.
state and local governments

D.
Most farmers are self-employed.

Answers

Answer:

Explanation:

D. Most farmers are self-employed in the United States. According to the USDA Census of Agriculture, in 2017, over 90% of U.S. farms were operated by individuals, families, or partnerships.

Importance of integrating hr function with strategic organisational goals

Answers

Explanation:

Aligning HR with business strategy can boost employee satisfaction and performance, ensure teams are aligned to help the business achieve its strategic objectives, and increase their influence and decision-making power across the organization.

Business success requires the HR function to be integrated with strategic company goals. Achieving strategic alignment between HR's efforts to recruit, develop, and retain elite personnel and the organization's goals helps boost overall company performance.

HR function is in charge of managing a company's talent, which includes recruiting, fostering, and educating staff members. When the organization's strategic goals are aligned, the HR department can ensure that the required staff is in place to help achieve those goals. Organizational Culture: HR play a significant role in establishing the organizational culture. When HR is linked with the organization's strategic goals, it may help create a culture that supports those goals. Performance management plans that are in line with the goals of the organization must be developed and implemented by HR. Cost Management: HR is also in charge of managing costs associated with employee compensation and benefits.

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Do you think job rotation is a good method to use for developing management trainees? Why or why not?

Answers

Answer:

A job rotation strategy helps employees develop other skills they can use not only in other positions but in their main role, too. Development can: Make an employee feel more valuable. Boost morale.

1. daily calculation of mutual fund’s assets less its liabilities; represents the price an investor pays to purchase or receives to redeem securities within the fund portfolio
2. the collection of investments in the mutual fund stock
3. a single investment instrument owned by a group of investors that is made up of diversified securities such as stocks, bonds, money market funds and other investments share
4. fee that the fund charges when shares are purchased no load
5. a portion of ownership in a company or mutual fund net asset value
6. fund that does not have a fee load
7. security investment that provides equity ownership in company mutual fund

Answers

Net Asset Value (NAV) is the daily calculation of a mutual fund's assets minus its liabilities. It represents the price an investor pays to purchase or receives when redeeming securities within the fund portfolio.

The NAV is calculated at the end of each trading day and is determined by dividing the total value of the fund's assets by the number of outstanding shares.The collection of investments in a mutual fund is called the fund's portfolio. The portfolio is made up of various types of investments, such as stocks, bonds, and other securities, and is managed by a team of professionals who aim to achieve the fund's investment objectives. The portfolio is typically diversified across different asset classes, industries, and geographic regions to reduce risk and maximize returns. As investors buy and sell shares of the mutual fund, the portfolio is adjusted accordingly to maintain the desired asset allocation and investment strategy.

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You have been placed in charge of the closing process for Magnolia Tree Services for the period ending December 31. Time is short, and you must delegate the closing tasks to three bookkeepers in your department. For your initial post, write an email to your co-workers (Sally, Jim and Jan), assigning each of them specific tasks to complete by the end of the week. In the email list the required closing tasks and identify which employee is responsible for each task. Make sure that your co-workers understand the order of the tasks they are to perform.

Answers

Answer:

Subject: Magnolia Tree Services - Closing Process Tasks

Dear Sally, Jim, and Jan,

As you all know, the end of the year is approaching, and we need to close out our books for the period ending December 31. I appreciate your willingness to help with this process, and I am confident that we can complete the required tasks on time.

Below is a list of the closing tasks that need to be completed by the end of the week, along with the name of the employee responsible for each task:

Sally: Prepare and post adjusting journal entries for any accrued expenses or revenues.

Jim: Reconcile all bank statements and credit card statements, ensuring that they match our accounting records.

Jan: Prepare the balance sheet and income statement, including any necessary closing entries.

It is important that we complete these tasks in the order listed, as each task depends on the completion of the previous one. Therefore, Sally, please ensure that you complete your task before Jim begins his, and so on.

If you have any questions or concerns about your assigned task, please do not hesitate to contact me. I will be available to provide guidance and support throughout the closing process.

Thank you for your attention to this matter, and I look forward to working with you to complete this important task.

Best regards,

[Your Name]

Explanation:

Ignacio is interested in working in a university and wants to help students, but doesn’t want to be a teacher. He’d like to get a sense of what it’s like to work as a university administrator. Which role is the BEST choice for him?

A.
assistant in the registrar’s office

B.
assistant to the librarian

C.
research assistant to a professor

D.
assistant to the janitorial staff

Answers

the choice for Ignacio to get a sense of what it's like to work as a university administrator would be to work as an assistant in the registrar's office.

The registrar's office is responsible for a range of administrative tasks, such as maintaining student records, coordinating class schedules, and overseeing enrollment processes. As an assistant in this office, Ignacio would gain valuable experience in university administration and would have the opportunity to interact with students, faculty, and staff. While other options, such as working as an assistant to the librarian or as a research assistant to a professor, could also provide valuable experience, they are less likely to give Ignacio a comprehensive understanding of university administration as a whole. Administrators are professionals who manage and oversee the day-to-day operations of organizations, ensuring smooth functioning and efficient delivery of services.

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What did the ancient Egyptians bury bodies in after wrapping the body in cloth?

A.
charcoal and sand

B.
mud and chalk

C.
salt and malachite

D.
sea water and dirt

Answers

Answer:

A charcoal and sand

Explanation:

In what career would someone MOST likely spend their time monitoring, preventing, and eliminating computer viruses?

A.
web developer

B.
biomedical engineer

C.
IT security specialist

D.
security guard

Answers

The correct answer is C. IT security specialist.An IT security specialist is someone who works to ensure that an organization's computer systems and data are secure from unauthorized access, theft, or damage.

One of the primary tasks of an IT security specialist is to monitor, prevent, and eliminate computer viruses and other types of malware.This involves staying up-to-date on the latest threats and vulnerabilities and implementing measures to protect against them. IT security specialists use a range of tools and techniques, such as firewalls, antivirus software, and intrusion detection systems, to prevent viruses from infecting the organization's computer systems.Web developers typically focus on creating and maintaining websites and web applications, while biomedical engineers work to design and develop medical devices and equipment.

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Southern Distributors, Incorporated, supplies ice cream shops with various toppings for making sundaes. On November 17, 2024, a fire resulted in the loss of all of the toppings stored in one section of the warehouse. The company must provide its insurance company with an estimate of the amount of inventory lost. The following information is available from the company's accounting records:

Answers

you must preserve important points of:

All profits and expenditure.

Assets owned by means of the company.

Stock the company owns at the end of every economic year.

The stocktakings used to work out the inventory figure.

Company liabilities.

Amounts owed to or due to the company.

Which of the following is an accounting record?

Accounting data include records of belongings and liabilities, monetary transactions, ledgers, journals, and any assisting files such as exams and invoices.

What are accounting information examples?

Examples of accounting documents are the everyday ledger, all subsidiary ledgers, invoices, bank statements, cash receipts, and checks.

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Lionel thinks he may be interested in a career in social work. Which career cluster should he research to learn more about social work and related careers?

A.
Human Services

B.
Health Science

C.
Finance

D.
Education and Training

Answers

Answer: A. Human Services

Explanation:

Lionel should research the Human Services career cluster to learn more about social work and related careers. The Human Services cluster focuses on careers that involve helping individuals, families, and communities meet their basic needs and improve their quality of life. This includes professions such as social work, counseling, and community support services.

B-CR7 Company purchased $120,000 of 10% bonds of S. F. Co. on January 1, 2012, at a discount, paying $100000. The bonds (mature January 1, 2016 and yield 12%; interest is payable each July 1 30 and January 1. At October 2014, CR7 sold these bonds by $97600 plus accrued interest. The bonds have the following values Date Bond Discount Carrying Amounts of Bonds Amortization 1/1/2012 1/7/2012 1/1/2013 1/7/2013 1/1/2014 1/7/2014 1/1/2015 Cash Received 4800 4800 4800 4800 4800 4800 Interest Revenue 6000 6072 6148 6230 6315 6406 2 1200 1272 1348 1430 1515 1606 100000 101200 102472 103820 105250 106765 108371​

Answers

To calculate the bond discount amortization, we need to first calculate the bond's carrying amount at each date:

- 1/1/2012: Carrying amount = Purchase price = $100,000
- 7/1/2012: Carrying amount = Purchase price + 1st interest payment - Discount amortization = $100,000 + $5,000 - $4800 = $101,200
- 1/1/2013: Carrying amount = Carrying amount from 7/1/2012 + 2nd interest payment - Discount amortization = $101,200 + $5,360 - $4800 = $102,472
- 7/1/2013: Carrying amount = Carrying amount from 1/1/2013 + 3rd interest payment - Discount amortization = $102,472 + $5,720 - $4800 = $103,820
- 1/1/2014: Carrying amount = Carrying amount from 7/1/2013 + 4th interest payment - Discount amortization = $103,820 + $6,180 - $4800 = $105,250
- 7/1/2014: Carrying amount = Carrying amount from 1/1/2014 + 5th interest payment - Discount amortization = $105,250 + $6,630 - $4800 = $106,765
- 1/1/2015: Carrying amount = Carrying amount from 7/1/2014 + 6th interest payment - Discount amortization = $106,765 + $7,086 - $4800 = $108,371

To calculate the bond discount amortization, we subtract the carrying amount from the bond's face value ($120,000) at each date:

- 1/7/2012: Discount amortization = Face value - Carrying amount = $120,000 - $101,200 = $18,800
- 1/1/2013: Discount amortization = Face value - Carrying amount = $120,000 - $102,472 = $17,528
- 1/7/2013: Discount amortization = Face value - Carrying amount = $120,000 - $103,820 = $16,180
- 1/1/2014: Discount amortization = Face value - Carrying amount = $120,000 - $105,250 = $14,750
- 1/7/2014: Discount amortization = Face value - Carrying amount = $120,000 - $106,765 = $13,235
- 1/1/2015: Discount amortization = Face value - Carrying amount = $120,000 - $108,371 = $11,629

At the time of sale in October 2014, the bonds had accrued interest of $1,575 ($6,300 * 3/12) since the last interest payment on July 1, 2014. The total cash received by CR7 from the sale was $97,600 + $1,575 = $99,175.

To calculate the gain or loss on the sale, we compare the cash received to the carrying amount of the bonds on the date of sale:

- Carrying amount on 10/1/2014: Carrying amount from 1/1/2015 - Discount amortization from 1/1/2015 to 10/1/2014 = $108,371 - $11,629 = $96,742
- Gain or loss on sale = Cash received - Carrying amount = $99,175 - $96,742 = $2,433

Therefore, CR7 had a gain of $2,433 on the sale of the bonds.

Maricela Sanchez needs to have $25000 in five years. If she can earn 8 percent per year on any investment, what is the amount that she will have to invest every year for the next five years?

Answers

The amount that she will have to invest every year for the next five years is $4,261, (N=5, I/Y=8, PV=0, PMT=?, FV=25,000) and FVA=4,261

A project that is launched with the goal of earning money or gaining renown is referred to as an investment. An investment in the economy's future is a purchase of goods intended for long-term wealth creation rather than immediate consumption. In order to increase its value, generate a profit, or do both, an investment asset is bought. The benefit obtained following an investment is known as a return. The rule of thumb for risk and return is that the greater the risk, the greater the reward.

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How is a bonded warehouse usefully for the importer​

Answers

Explanation:

There are many advantages associated with using a bonded warehouse. Here are just some of the benefits:

You can defer or avoid duty and tax payments

You can defer VAT payment and other duty taxes in a bonded warehouse until the goods have been removed and shipped. This can provide you with breathing room and space to carry out additional pre-sale activities. Additionally, if you export these goods, you can avoid these costs entirely.

Companies have reported tax cost savings of 25-30% due to utilising bonded warehouses.

Storage can be long term

Most bonded warehouse facilities can agree to store your goods for up to five years or more. This can be useful if work is required to satisfy import licensing requirements or demand isn't as high as expected. With a bonded warehouse, you can store your goods until you've met the requirements or demand has increased.

You can improve service for your customers

By leveraging bonded warehouses, you can order goods in advance of anticipated demand. As goods are stored closer to the customer, you can quickly deliver and offer a better overall experience.

The quality of your product can be preserved

Bonded warehouse facilities have been equipped to store all kinds of products for as long as necessary while maintaining quality. For example, many bonded warehouses contain dry containers, deep-freeze systems, temperature control facilities, and bulk storage facilities.

Bonded warehouses can keep your products safe and secure

In addition to regular safety measures like CCTV, goods in a bonded warehouse must be fully documented. Security personnel monitor the space 24 hours a day, so you don't need to worry about your cargo. Bonded warehouses are subject to detailed assessment and regular auditing, so you can feel confident you're working with a reputable organisation.

Your goods are stored closer to ports

Most bonded warehouses are located near major ports. This allows companies to store goods at the port of entry until they are ready to be distributed. Utilising these bonded warehouses can create savings across the entire supply chain by reducing lead time, transport cost, and potential damage.

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Una Day is planning to retire in 20 years, at which time she hopes to have accumulated enough money to receive an annuity of $12,000 a year for 25 years of retirement. During her pre-retirement period she expects to earn 8 percent annually, while during retirement she expects to earn 10 percent annually on her money.

What annual contributions to this retirement fund are required for Una to achieve her objective and sleep well at night?

Answers

To determine the amount of annual contributions needed to meet Una's retirement goals, we need to calculate the present value of the pension she hopes to receive in 25 years.

PV = A * [(1 - (1 + r)^-n) / r] where PV is the present value of the annuity, A is the annual amount of the annuity, r is the interest rate, and n is the number of periods. In this case Una wants a $12,000 pension over 25 years, so A = $12,000. Her pre-retirement interest rate is 8%, so r = 0.08. The number of periods is 25, so n = 25. These values ​​can be used to calculate the present value of an annuity. PV = $12,000 * [(1 - (1 + 0.08)^-25) / 0.08] = $147,902.90 Therefore, Una would have to build a retirement fund of $147,902.90 in 20 years for him to receive a pension of $12,000 in her 25 years of retirement. To determine the annual contribution required to reach this retirement fund, we can again use the present value formula, but solve for the payment (which represents the annual contribution). In this case, PV = $147,902.90, r = 0.08 (because we are looking at hours before retirement), n = 20 (because Una has 20 years left until retirement). Based on these values, the required annual contribution can be calculated. PMT = $147,902.90 * (0.08 / (1 - (1 + 0.08)^-20)) = $2,750.61 Una would therefore need to contribute $2,750.61 annually to the retirement fund in order to accumulate enough funds to receive a $12,000 pension after 25 years of retirement. 

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Design a business case document to justify why the incubator arrangement is a good strategy to
promote entrepreneurship.

Answers

These are a few possible drawbacks: The application procedure may be challenging and cutthroat. An applicant must provide a thorough business plan and reveal all of their company operations in order to be considered for most incubators.

What are benefits of business incubation?

Early-stage businesses can benefit from startup incubators by getting assistance with ideation, business planning, product-market fit testing, spotting possible intellectual property challenges, and networking with other startups.

A device called an incubator is used to cultivate and preserve cell or microbiological cultures. The incubator keeps the inside atmosphere's CO2 and oxygen concentrations at appropriate levels together with the ideal temperature and humidity.

Startups and early-stage enterprises often find it challenging to obtain the tools and support that business incubators offer. Their assistance may come in the form of networking opportunities, access to financiers and mentors, or co-working space with other companies and seasoned experts.

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Direct Materials and Direct Labor Variance Analysis
Jericho Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 45 employees. Each employee presently provides 38 hours of labor per week. Information about a production week is as follows:
Line Item Description Value
Standard number of lbs. of brass 0.4 lb.
Standard price per lb. of brass $0.80
Standard wage per hr. $21.00
Standard labor time per faucet 15 min.
Actual price per lb. of brass $0.90
Actual lbs. of brass used during the week 4,500 lbs.
Number of faucets produced during the week 10,000
Actual wage per hr. $22.00
Actual hrs. for the week (45 employees × 38 hours) 1,710

Determine the below-listed variances while showing work with corresponding formulas.

1. Standard cost per unit for direct materials
2. Standard cost per unit for direct labor
3. Direct Material price variance
4. Direct Material quantity variance
5. Direct Labor rate variance
6. Direct Labor time variance

Answers

1. Standard cost per unit for direct materials:

Standard cost per unit = Standard price per lb. of brass x Standard number of lbs. of brass
Standard cost per unit = $0.80 x 0.4 = $0.32

Therefore, the standard cost per unit for direct materials is $0.32.

2. Standard cost per unit for direct labor:

First, we need to calculate the standard labor cost per faucet:

Standard labor cost per faucet = (Standard wage per hr. / 60) x Standard labor time per faucet
Standard labor cost per faucet = ($21.00 / 60) x 15 = $5.25

Then, we can calculate the standard cost per unit for direct labor:

Standard cost per unit = Standard labor cost per faucet / Number of faucets produced
Standard cost per unit = $5.25 / 10,000 = $0.000525

Therefore, the standard cost per unit for direct labor is $0.000525.

3. Direct Material price variance:

Direct material price variance = (Actual price per lb. of brass - Standard price per lb. of brass) x Actual lbs. of brass used during the week
Direct material price variance = ($0.90 - $0.80) x 4,500 lbs. = $4,500

Therefore, the direct material price variance is $4,500.

4. Direct Material quantity variance:

Direct material quantity variance = (Actual lbs. of brass used during the week - Standard number of lbs. of brass per unit x Number of units produced) x Standard price per lb. of brass
Direct material quantity variance = (4,500 lbs. - 0.4 lb. x 10,000) x $0.80 = $1,600

Therefore, the direct material quantity variance is $1,600.

5. Direct Labor rate variance:

Direct labor rate variance = (Actual wage per hr. - Standard wage per hr.) x Actual hrs. for the week
Direct labor rate variance = ($22.00 - $21.00) x 1,710 = $1,710

Therefore, the direct labor rate variance is $1,710.

6. Direct Labor time variance:

Direct labor time variance = (Actual hrs. for the week - Standard labor time per unit x Number of units produced) x Standard wage per hr.
Direct labor time variance = (1,710 - 15 / 60 x 10,000) x $21.00 = $3,150

Therefore, the direct labor time variance is $3,150.

how do you answer this

Answers

The ending inventory is 740

cost of the good sold is 2464

How to solve for inventory

Inventory refers to the total amount of goods or materials that a business has in stock and available for sale or use. The meaning of inventory can vary depending on the context in which it is used. For example, in retail, inventory can refer to the physical goods that are available for purchase on store shelves.

Total Units  900

Closing Inventory  200

Units Sold  700

Average Cost Unit Cost Amount

Sep 1 100 3.34 334

Purchase  Sep 8 450 3.50 1575

Purchase  Sep 18 350 3.70 1295

Total 900  3204

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Use the drop-down menu to select the education or qualification best demonstrated in each example.

Stella is an Industrial Safety and Health Engineer with a four-year college degree in Engineering.

Yvette thinks of ways to solve environmental problems caused by a manufacturing facility.

Wendell interviews people and reviews records to learn about a manufacturing process.

Desmond analyzes how a manufacturing process affects the environment.

Answers

Stella's education or qualification: Four-year college degree in Engineering.

Yvette's education or qualification: Environmental Science or related field.

Wendell's education or qualification: Industrial Engineering or related field.

Desmond's education or qualification: Environmental Engineering or related field.

Stella's education in Industrial Safety and Health Engineering demonstrates her expertise in identifying and reducing workplace hazards, ensuring compliance with safety regulations, and promoting the health and well-being of employees in industrial settings.

Yvette's focus on solving environmental problems caused by a manufacturing facility indicates a background in Environmental Science or a related field, which involves understanding the impact of human activities on the natural environment and developing strategies to mitigate negative effects.

Wendell's work in interviewing people and reviewing records to learn about a manufacturing process suggests a background in Industrial Engineering or a related field, which involves optimizing the efficiency and productivity of industrial processes while minimizing waste and maximizing resource utilization.

Desmond's work in analyzing how a manufacturing process affects the environment requires a deep understanding of Environmental Engineering or a related field, which involves designing and implementing solutions to minimize the environmental impact of human activities and promote sustainable development.

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Stella graduated from a four-year institution with an engineering degree. Education or training held by Yvette: Environmental Science or a similar subject. Wendell has a degree in industrial engineering or a closely connected discipline.

Use the drop-down menu to select the education or qualification best demonstrated in each example.

Desmond has a degree in environmental engineering or a closely connected discipline. Due to Stella's training in industrial safety and health engineering, it is clear that she is skilled at spotting and mitigating workplace risks, ensuring that safety rules are followed, and advancing the health and wellbeing of workers in workplaces. Wendell's work in gathering information about a manufacturing process through interviews and record reviews points to a background in industrial engineering or a related field. Industrial engineering entails enhancing the effectiveness and productivity of industrial processes while reducing waste and maximising resource utilisation.

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Which investment security is best for the investor who prefers a diversified investment strategy and the ability to mitigate risk by investing in multiple forms of securities within a single portfolio?

stock options
exchange-traded funds
mutual funds
government bonds

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The investment security that is best for the investor who prefers a diversified investment strategy and the ability to mitigate risk by investing in multiple forms of securities within a single portfolio is exchange-traded funds (ETFs).

ETFs are similar to mutual funds, but they are traded on stock exchanges like individual stocks. ETFs are designed to track a specific index or group of assets, such as a basket of stocks, bonds, or commodities, providing the investor with exposure to a diversified range of investments within a single security.By investing in an ETF, the investor can achieve diversification across multiple industries, sectors, and geographic regions, mitigating the risk associated with investing in individual securities. Additionally, the investor can access the benefits of diversification while also enjoying the flexibility and transparency of trading on an exchange.

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Which of the following statements are true about unleavened breads? a. breads cannot be left unaccompanied while baking. b. breads can be steamed, fried or baked. c. breads are originally leavened with steam and baking powder. d. breads include tortillas, scones, and English muffins.​

Answers

Answer:

breads can be steamed, fried or baked.

Explanation:

Answer:

d or b

Explanation:

Out of the given statements, (b) and (d) are true about unleavened breads.

(b) Unleavened breads can be steamed, fried or baked. Unlike leavened bread, which rises due to the action of yeast or other leavening agents, unleavened bread does not rise and can be prepared using a variety of methods.

(d) Examples of unleavened breads include tortillas, scones, and English muffins. These are all types of bread that are traditionally made without yeast or other leavening agents.

Statements (a) and (c) are not true about unleavened breads.

(a) Breads can be left unaccompanied while baking, including unleavened bread. However, depending on the method of preparation, they may require attention during the cooking process.

(c) Unleavened breads are not originally leavened with steam and baking powder. These breads are traditionally made without any leavening agents, including yeast, baking powder, or steam.

Rose is using her personal budget as a tool to A. plan the best way to spend and save her income. B. plan how to get more income where she works. C. plan the best way to increase her credit rating. D. plan how long it will take her to buy a new car.

Answers

Option A is correct. Rose uses her personal budget as a tool to plan how best to spend and save her income.

Using a personal budget is a tool for managing one's income and expenses, and is an effective way to plan how to spend and save money. By creating a budget, Rose can track her income and expenses, identify areas where she can cut back on spending, and set goals for savings and debt repayment. This can help her make informed decisions about her finances and ensure that she is living within her means. Planning how to get more income where she works, increasing her credit rating, and planning to buy a new car are all important financial goals, but they are not necessarily related to using a personal budget as a tool for managing one's finances.

By setting a budget, you can ensure that you do not run out of money each month. Budgets also help you save money for goals and emergencies.

In the simplest form of creating a personal budget, a person calculates net income, tracks expenses over a period of time, sets goals based on previously gathered information, and develops a plan to achieve those goals. and adjust spending accordingly plan. 

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which of the following accounts is not closed at the end of the year?
Accounts Payable
Depreciation Expense
Income Summary

Answers

Answer and Explanation: The answer is: d. Accumulated Depreciation. Accumulated depreciation is a contra asset account.
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