The available options are:
a. Barriers of language, cultural, and geographic distances.
b. Lack of trust among people at different locations.
c. Divisions sometimes view knowledge and innovation as power and want to hold onto it.
d. Economies of scope can increase a company's market power as compared to competitors.
Answer:
d. Economies of scope can increase a company's market power as compared to competitors.
Explanation:
There are various reasons why many organizations tap only a fraction of the potential that is available from cross-border transfer of knowledge and innovation, these include:
1. The technical know-how tends to remains hidden in various units because of language, cultural, and geographical distances
2. Various divisional units sometimes perceive knowledge and innovation as power and want to monopolize it, to gain influential position within the global firm
3. The "not-invented-here" syndrome makes some managers reluctant to tap into the technical knowledge and expertise of other units
4. Much of an organization's knowledge is in the minds of employees and cannot easily be written down and shared with other units
Hence, the reasons why many organizations tap only a fraction of the potential that is available from cross-border transfer of knowledge and innovation except: Economies of scope can increase a company's market power as compared to competitors.
Once the U.S. government opened its domestic markets to international trade, the competition from imported cars, steel, and other products caused demand for similar U.S. goods to
Answer: b. fall, leading to lower output, fewer workers, and an overall decline in union membership.
Explanation:
Once the US Government opened up its market to international trade, the competition from imported cars, steel, and other products caused demand for similar U.S. goods to fall. This happened because people started importing more goods from outside as they were cheaper than the goods produced in the US. Chinese steel for instance, did not have the same high labor input costs as US steel and so could be sold at cheaper levels.
As a result of less people demanding US products, the companies had to reduce output to reduce the losses they were making. This led them to let some of their workers go and as the people were no longer working, Unions lost members.
Emmitt had the following final balances after the first year of operations: assets, $55,000; stockholders' equity, $25,000; dividends, $3,000; and net income, $10,000. What is the amount of Emmitt's liabilities
Answer:
$30,000
Explanation:
Calculation for Emmitt amount of liabilities
Using this formula
Liabilities =Assets -Stockholders's equity
Let plug in the formula
Liabilities =$55,000-$30,000
Liabilities =$30,000
Therefore the amount of Emmitt liabilities will be $30,000
Osborn Manufacturing uses a predetermined overhead rate of $20.00 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $276,000 of total manufacturing overhead for an estimated activity level of 13,800 direct labor-hours. The company actually incurred $275,000 of manufacturing overhead and 13,300 direct labor-hours during the period.
Required:
a. Determine the amount of underapplied or overapplied manufacturing overhead for the period.
b. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Would the journal entry to dispose of the underapplied or overhead increase or decrease the company's gross margin? By how much?
Answer:
1. Manufacturing overhead applied = Actual hours * Predetermined overhead rate
Manufacturing overhead applied = 13300 * $20
Manufacturing overhead applied = $266,000
From the question, Osborn Manufacturing actually incurred $275,000 of manufacturing overhead. Hence, the Manufacturing overhead is under-applied because the applied manufacturing overhead is less than the actual manufacturing overhead
Hence, Manufacturing overhead under-applied = $275,000 - $266,000
= $9,000
2. Since the applied manufacturing overhead is less than the actual manufacturing overhead, the gross margin would decrease by $9,000. The journal entry will use the under-applied manufacturing overhead for record.
If Takeoff withdraws a $100 bill from his checking account and Quavo deposits another $100 bill in his saving account how much will M1 and M2 change
Answer:
M2 Will be unchanged
while M1 will decrease by $100
Explanation:
M1 will be the cash and coins + checking account + traveler check (it is consideread near-money)
Takeoff Transactions is whitin the M1 metric. Quavo transactions is not included thus, M1 decrease by 100
While M2 includes M1 and it adds the saving deposits thereofre, Quavo operation is included in this concept so we get:
-200 from takoff + 100 from Quavo = zero
No change arise from the combination of this transactions.
A machine can be purchased for $140,000 and used for five years, yielding the following net incomes. In projecting net incomes, straight-line depreciation is applied, using a five-year life and a zero salvage value.
Year 1 Year 2 Year 3 Year 4 Year 5
Net income $ 9,500 $ 23,500 $ 64,000 $ 35,500 $ 94,000
Compute the machine’s payback period (ignore taxes). (Round your intermediate calculations to 3 decimal places and round payback period answer to 3 decimal places.)
Year Net Income Depreciation Net Cash Flow Cumulative Cash Flow
0 $ (140,000) $ (140,000)
1 $ 9,500
2 23,500
3 64,000
4 35,500 0
5 94,000 0
Payback period =
Answer:
2.554 years
Explanation:
Payback period calculates the amount of time it takes to recover the amount invested in a project from its cumulative cash flows.
to derive cash flow from net income, add depreciation back
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
$140,000 / 5 = $28,000
depreciation expense each year would be $28,000
cash flow in year 1 = $9500 + $28,000 = $37,500
cash flow in year 2= $23,500 + $28,000 =$51,500
cash flow in year 3 =$64,000 + $28,000 = $92,000
cash flow in year 4 =$35,500 + $28,000 = $63,500
cash flow in year 5 =$94,000 + $28,000 = $122,000
in year 1, the amount recovered = $-140,000 + $37,500 = $-102,500
in year 2, the amount recovered = $-102,500 + $51,500 = $-51,000
in year 3, the amount recovered = $-51,000 + $92,000 = $41,000
the amount invested is recovered in 2 years + 51,000 / 92,000 = 2.554 years
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 30,400 Total fixed manufacturing overhead cost $ 425,600 Variable manufacturing overhead per machine-hour $ 5.00 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 20 Direct materials $ 590 Direct labor cost $ 1,180 The amount of overhead applied to Job T687 is closest to:
Answer:
The amount of overhead applied to Job T687 is closest to: $280.
Explanation:
Predetermined rate = Budgeted Overheads / Budget Activity
= $ 425,600 / 30,400
= $14.00 per machine-hour
Applied overheads to job T687 = Predetermined rate × Actual machine hours used
= $14.00 × 20
= $280
Conclusion :
The amount of overhead applied to Job T687 is closest to: $280.
Companies that have multiple outsourcers may hire an outsource relationship management company to monitor and manage the outsourcing relationships. Select one: True False
Answer:
True
Explanation:
But, this answer depends on which companies are outsourcing to and from. This is because the definition of an outsourcer is the large company that outsources the provision of its goods and services to smaller companies and also the small company that provides goods and services to larger companies. It is a pari-passu definition.
If the companies involved in this case are providers of outsourcing services, then they do not require an outsource relationship management company to monitor and manage the outsourcing relationships. Instead, it could occasionally employ consultants to help them in assessing how the relationships are being managed. It is their primary responsibility to manage the outsourcing relationships and should not outsource this management.
has a margin of safety percentage of 20% based on its actual sales. The break-even point is $759000 and the variable expenses are 60% of sales. Q: Given this information, the actual profit is:
Answer: $379,500
Explanation:
Total Sales = Break-even sales + Margin of Safety
The Break-Even sales are therefore = 100% - 20%
= 80% of sales
Total Sales is therefore;
Break-even = 80% * Total Sales
Total Sales = Break-even/80%
= 759,000/0.8
= $948,750
Assuming no fixed costs, actual profit will be Sales less Variable expenses;
=Sales - Variable expenses
= 1 - 60%
Actual profit = 40% * Sales
= 40% * 948,750
= $379,500
Q 10.25: Admire County Bank agrees to lend Givens Brick Company $600,000 on January 1st. Givens Brick Company signs a $600,000, 8%, 9-month note. Assuming that interest has already been accrued to September 30th, what entry will Givens Brick Company make to pay off the note and interest at maturity
Answer:
Entry is given below
Explanation:
As Givens brick company is paying off the liability of note payable and the interest amount therefore, it will be debited as it is a decrease in liability. Cash will be credited as it is our asset and its decreasing.
Entry DEBIT CREDIT
Notes payable $600,000
Interest $36,000(w)
Cash $636,000
Working
Interest = $600,000 x 8% x9/12
Interest = $36,000
Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $4.18 every year in perpetuity. If the required return is 4.19 percent, what is the current stock price?
Answer:
The current price of the stock is $99.76
Explanation:
The price of a stock which pays a constant dividend throughout for an indefinite period of time can be calculated using the present value of perpetuity formula. The stock qualifies as a perpetuity as it pays a constant cash flow after equal intervals of time and for indefinite time period.
The formula for the present value of perpetuity is,
Present Value = Cash Flow or Dividend / r
Where,
r is the discount ratePresent value = 4.18 / 0.0419
Present value = $99.76
So, the current price of the stock is $99.76
Mr. and Ms. Kingsley owned acre as joint tenants in fee simple absolute. Ms Kingsley secretly conveyed her interest to herself in an instrument that added, "I hereby terminate the joint tenancy in Black-acre with Mr. Kingsley." Ms. Kingsley thereafter leased a portion of the property to Mr. Matthew, over the objections of Mr. Kingsley for Mr. Matthew to use for holding boxing matches. Their lease provided that Mr. Matthew would pay $1000.00 on the first day of each month during which he was permitted to use the property. Mr. Kingsley demanded from Ms. Kingsley one-half of the rents received from Mr. Matthew.
Required:
Describe the property relations between the parties and Mr. Kingsley's rights and remedies.
Answer:
Mr. and Ms. Kingsley as Joint Tenants
1. Property Relations between Mr. and Ms. Kingsley: The titles show that the Kingsleys are living together but not married partners. However, the Black-acre is jointly owned by these partners. Each has equal rights and obligations over the acre. Ms. Kingsley does not have absolute right to sell or lease any part of the acre without the consent of Mr. Kingsley or without obtaining a court permit to sell or lease, especially upon Mr. Kingsley's objections. She also lacks the legal right to secretly "terminate the joint tenancy in Black-acre" without the knowledge of Mr. Kingsley or without going through the applicable court process.
2. Mr. Kingsley's Rights and Remedies: Having leased a portion of the acre to Mr. Matthew, Mr. Kingsley is entitled to half of the monthly lease payments. He also has the right to demand from Ms. Kingsley one-half of the rents from the lease. He can, in the absence of Ms. Kingsley's refusal, initiate a court process to enforce his joint-tenancy rights.
Explanation:
Joint-tenancy can exist between Mr. Kingsley and Ms. Kingsley, whether they are legally married or not. Joint-tenancy can also exist between two or more parties without the intention of marriage. The term is a legal term that describes an equally shared ownership interest in a property. Joint-tenancy deeds are established in order to avoid the need for a probate in the case of a party's death.
A production line at V. J. Sugumaran's machine shop has three stations. The first station can process a unit in 9 minutes. The second station has three identical machines, each of which can process a unit in 15 minutes (each unit only needs to be processed on one of the three machines). The third station can process a unit in 7 minutes. Which station is the bottleneck station?
Answer:
Station 1 is a bottleneck station because the processing time taken to process the product in such station is 9 minute when compared with Station 2 and Station 3
Explanation:
Station 1 = Processing time is 9 minutes
Station 2 = Processing time is 5 minutes per unit (15 minutes / 3 machines)
Station 3 = Processing time is 7 minutes
Thus, the Station 1 is the bottleneck station with a bottleneck time of 9 minutes per unit.
Bond issuance: 20% of total funds, requires 15% interest per year Bank loan: 60% of total funds, requires 9.5% interest per year Preferred Stock issuance: 20% of total funds, requires 5% dividend per year What is Valentino’s average rate of return on the new project?
Answer: 28.57%
Explanation:
Average return given the variables will be;
[tex]Average rate of return = \frac{Annual net income}{Average investment}[/tex]
Average rate of return = [tex]\frac{1,000,000}{\frac{7,000,000}{2} }[/tex]
Average rate of return = 1,000,000/3,500,000
Average rate of return = 28.57%
Bookmark question for later Cross-training workers does the following for your workers a. creates a sense of achievement and job satisfaction b. workers take pride as they help their companies compete through higher productivity c. helps reduce turnover d. all of the above e. only a and b
Answer:
d. all of the above
Explanation:
Cross-training applies to workers, who are trained for different spectrum other than their job responsibilities.
Cross-training workers are multitasking and do the following tasks:
They helps other employees to appreciate each other’s jobs.They help companies through higher efficiency & productivity and are proud of that. Cross-training forces also helps in reducing the turnover to gain more profit.So, Cross-training workers helps to train other employees to perform new tasks in addition to their usual duties and the correct option is "d".
Praxis Corp. is expected to generate a free cash flow (FCF) of $7,360.00 million this year (FCF₁ = $7,360.00 million), and the FCF is expected to grow at a rate of 20.20% over the following two years (FCF₂ and FCF₃). After the third year, however, the FCF is expected to grow at a constant rate of 2.46% per year, which will last forever (FCF₄). Assume the firm has no nonoperating assets. If Praxis Corp.’s weighted average cost of capital (WACC) is 7.38%, what is the current total firm value of Praxis Corp.? (Note: Round all intermediate calculations to two decimal places.)
Answer:
$202,216.54 million
Explanation:
FCF₁ = $7,360 million
FCF₂ = $8,846.72 million
FCF₃ = $10,633.76 million
FCF₄ = $10,910.24 million and will continue to grow at 2.46%
we must first determine the terminal value at year 3:
terminal value = $10,910.24 million / (7.38% - 2.46%) = $221,752.85 million
firm's current total value = $7,360 million / 1.0738 + $8,846.72 million / 1.0738² + $10,633.76 million / 1.0738³ + $221,752.85 / 1.0738³ = $6,854.16 + $7,672.48 + $8,588.49 + $179,101.41 = $202,216.54
A favorable direct materials price variance might lead to an unfavorable direct materials quantity variance because the company purchased inferior materials. true or false
A favorable direct materials price variance might lead to an unfavorable direct materials quantity variance because the company purchased inferior materials. This statement was correct. Thus, option (a) is correct.
What is direct materials?The term direct materials refers to the manufactured product components such as integrated circuits, screen, camera modules and the other components. It was the used in the cost accounting. The material are they directly manufacture the goods and the services.
The concepts are the actual costs related to materials as result on the more standards outcomes is called the unfavorable direct materials. The favorable outcome of the fewer standards outcomes. The concept is the direct material price is fewer than the standard direct material price.
As a result, the significance of the direct materials are the aforementioned. Therefore, option (a) is correct.
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The Freeman Manufacturing Company is considering a new investment. Financial projections for the investment are tabulated below. The corporate tax rate is 34 percent. Assume all sales revenue is received in cash, all operating costs and income taxes are paid in cash, and all cash flows occur at the end of the year. All net working capital is recovered at the end of the project.
a. Compute the incremental net income of the investment for each year. (Do not round intermediate calculations.)
b. Compute the incremental cash flows of the investment for each year. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)
c. Suppose the appropriate discount rate is 12 percent. What is the NPV of the project?
Complete question is given at the end of the question.
Answer with Explanation:
Requirement 1:
Net Income is an accounting profits which includes both cash flow items and non cash flow items. It can be calculated as under:
Net Income = (Sales - Cost - Depreciation) - (Income Before Tax * Tax Rate)
The computation is given in the Second excel sheet attached.
Requirement 2:
According to relevant costing principles if the cost is relevant then it must satisfy following conditions:
Must be cash flow in nature.Must be Future related (no past commitments).Differential or must be incrementalSo this means that the depreciation would not be taken into account as it is not a relevant cost and thus must not be included as an incremental cost.
Incremental Cash flow can be calculated using the following formula:
Incremental Cash Flow = Net Income + Depreciation (Removing its impact) - Working Capital Injection + Working Capital Withdrawal
The calculation for each year is shown in the second attachment.
Requirement 3:
The NPV can be calculated by discounting each year cash flow by the rate of return which in this case is 12%.
The formula for calculating the NPV is as under:
NPV = Investment in year zero - Net Cash Flow of Y1 / (1 + r)^1 - Net Cash Flow of Y2 / (1 + r)^2 - Net Cash Flow of Y3 / (1 + r)^3 - Net Cash Flow of Y4 / (1 + r)^4
The computation of NPV is given in the second attachment given below:
Talk to a 55-year-old (or older) business professional nearing retirement. This person can be a family member, friend, or mentor. List and describe the savings, investments, and risk management strategies for this phase of life. Describe how financial planning has changed from the earlier phase of life.
Answer:
The financial planning will differ for the person according to their age. A person who is 50 years older would have money only from his savings. The 55 year old person is retired and would only have money available for living from the saving he had made while he was working. He will not have any other source of income.
Explanation:
The risk management officer should consider the investments by considering his available savings. He should also consider the money required for living as there is no other source of income. The risk appetite for such an old aged individual will be low. He must be risk averse in the situation of retirement. The financial planning strategies changes for the person over the different phases of life. When a person is young and starts the job at age of 25 he might take excessive risks for getting extra returns. He is young and energetic, has ability to work part time along with his routine job to earn extra money.
Describe Reid Hoffman the founder and creator Linkedln?
Answer:
Reid Garrett Hoffman is an American internet businessman, tech entrepreneur, writer. Hoffman became co-founder and president of LinkedIn, an enterprise-oriented social media network mainly utilized for business networking. In 2016, Hoffman transferred LinkedIn for $26.2 billion in cash to Microsoft, then entered the board for Microsoft.
Ray’s Radios believed the synergies between radio production and battery production could be realized if he expanded. However, due to overseeing the battery expansion Ray devoted less time to the radio business leading to the radio unit costs increasing. At this point, Ray’s Radios should
Answer:
C. Shut down the production of the batteries
Explanation:
Since in the question it is mentioned that The Ray trust that the synergies between the radio production and the battery production is realized when it is expanded but by due to overseeing it ray spend less time to the radio business.
As from the above information provided first of all its trust is not be pratical. nor he search for an expansion he should more concentrate on the radio production as it is the main product
Answer:
a
Explanation:
You are considering two independent projects. Project A has an initial cost of $125,000 and cash inflows of $46,000, $79,000, and $51,000 for Years 1 to 3, respectively. Project B costs $135,000 with expected cash inflows for Years 1 to 3 of $50,000, $30,000, and $100,000, respectively. The required return for both projects is 16 percent. Based on IRR, you should:
Answer :
Choose Project A. Because it has a positive Net Present Value.
Explanation :
Find the Net Present of the two project. Then choose the Project with the highest or positive Net Present Value.
Calculation of NPV of Project A using a Financial Calculator :
Project A:
($125,000) CFj
$46,000 Cfj
$79,000 Cfj
$51,000 Cfj
i/yr 16.00 %
Shift NPV $6,038.58
Calculation of NPV of Project B using a Financial Calculator :
Project A:
($135,000) CFj
$50,000 Cfj
$30,000 Cfj
$100,000 Cfj
i/yr 16.00 %
Shift NPV -$5,535.90
Conclusion :
Choose Project A. Because it has a positive Net Present Value.
In the mid 1980s, what emerging product market did a major foreign competitor capitalized on and Kodak miss due to a poor understanding of the company's core competency
Answer:
Kodak missed the digital camera revolution that it started.
Explanation:
According to history, Kodak's Steve Sasson was the first to invent a digital camera prototype in 1975.
But, Kodak relied on its past successes to the extent that it could not see beyond its shoulders. Kodak spotted digital technology opportunity in its business, but it lacked the foresight to sharpen its core competency so that it could redefine the market and its business from a film producing and selling company to one that gives consumers the opportunity to share images online. It lacked the competency to understand the emerging needs of its customers and woefully failed to invest rightly in digital technology.
On the other hand, Fuji created new opportunities for itself that were related to its core business by branching into magnetic tape optics, videotape, copiers, and office automation. As a result, it overtook Kodak in market share while Kodak submerged into bankruptcy, from which it later emerged stronger better than it was before the bankruptcy but smaller.
1. Suppose the Kenyan shilling (KS) is currently traded at KS 1.4/$.The Ethiopian Birr (EB) is traded at E B1.39/$.Ignoring transaction costs: A. Determine the KS/EB exchange rate consistent with these direct quotations
Answer:
The answer is KS 1.01/EB.
Explanation:
This is an example of a cross rate.
Cross rate refers to an exchange rate between two currencies that is calculated based on the exchange rate of each of the two currencies to a third currency.
For this question, the cross rate KS/EB will be estimated by reference the US dollar which is third currency. This can be calculated by simply dividing the KS 1.4/$ by the E B1.39/$ as follows:
KS/EB = 1.4 / 1.39 = 1.01
That is, the answer is KS 1.01/EB.
Which type of business is likely to have purchasing activities related primarily to consumable goods rather than products that will later be resold to consumers?
A. Printing business
B. Service oriented business
C. Retail business
D. Manufacturing business
Answer:
B. Service oriented business
Which type of business is likely to have purchasing activities related primarily to consumable goods rather than products that will later be re-sold to customers? Answer is service oriented business
Explanation:
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Choose three distinct but related business functions (e.g., inventory control, purchasing, payroll, accounting, etc.). Write a short paper describing how interfacing the information systems of these three functions can improve an organization’s performance.
Answer:
The three functions can be described as follows:
i) Inventory control
ii) Procurement
iii) Sales
Explanation:
Following are the description of the given points:
In point (i):
It is also the center of the operational activities, in which it would be accountable to always get rid of a perfect product inventory and thus not have an untouched inventory in the storage facility.
In point (ii):
This is the first step for just a brand until it hits the end user. It is sourcing, which most appropriate and progressed necessity for both the manufacturing of the company.
In point (iii):
For the business, it primarily provides, a large number of alternative considerations. However, certain expenses it control, including the expense of keeping as well as the wastefulness in raw resources, all will be determined from selling price.
From 1991 to 2000, the U.S. economy had an annual inflation rate of around 2.76%. The historical annual nominal risk-free rate for this same period was around 5.71%. Using the approximate nominal interest rate equation and the true nominal interest rate equation, compute the real interest rate for that decade. What is the estimated real interest rate using the approximate nominal interest rate equation for that decade?
Answer:
2.95% and 2.87%
Explanation:
The computation of the approximate real rate and the estimated real interest rate is shown below:
The Approximate real rate is
= Historic annual nominal risk free rate - Annual inflation rate
= 5.71% - 2.76%
= 2.95%
And, the estimated real interest rate is
= (1 + historical annual nominal risk free rate) ÷ (1 + annual inflation rate) - 1
= (1 + 0.0571) ÷ (1 + 0.0276) - 1
= 2.87%
We simply applied the above formulas so that each one could be determined
StoreAll produces plastic storage bins for household storage needs. The company makes two sizes of bins: large (50 gallon) and regular (35 gallon). Demand for the product is so high that StoreAll can sell as many of each size as it can produce. The company uses the same machinery to produce both sizes. The machinery can only be run for 3,300 hours per period. StoreAll can produce 9 large bins every hour, whereas it can produce 15 regular bins in the same amount of time. Fixed costs amount to $110,000 per period. Sales prices and variable costs are as follows:
Requirements
1. Which product should StoreAll emphasize? Why?
2. To maximize profits, how many of each size bin should StoreAll produce?
3. Given this product mix, what will the company's operating income?
Answer:
1. Which product should StoreAll emphasize? Why?
StoreAll should emphasize on producing regular bins since the contribution margin per hour generated by that product is much higher.2. To maximize profits, how many of each size bin should StoreAll produce?
Large bins = 0Regular bins = 49,500 units3. Given this product mix, what will the company's operating income?
operating income = $292,050 - $110,000 = $182,050Explanation:
some information is missing, so I looked it up:
large bin regular bin
sales price per unit $10.80 $9
variable costs per unit $4.20 $3.10
contribution margin $6.60 $5.90
units per hour 9 15
contribution margin p/ hour $59.40 $88.50
total contribution margin $196,020 $292,050
Centore Inc. has provided the following data for the month of June. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In Process Finished Goods Cost of Goods Sold Total Direct materials $ 650 $ 7,590 $ 24,860 $ 33,100 Direct labor 2,180 20,700 67,800 90,680 Manufacturing overhead applied 930 7,130 22,940 31,000 Total $ 3,760 $ 35,420 $ 115,600 $ 154,780 Manufacturing overhead for the month was underapplied by $3,000. The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts. The work in process inventory at the end of June after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:
Answer:
$3,833
Explanation:
The computation of the work in process inventory after allocating the underapplied or overapplied manufacturing overhead for the month is shown below:
But before that we need to compute the amount i.e added which is given below
Amount added is
= Total work in process × manufacturing overhead underapplied ÷ total cost
= $3,760 × $3,000 ÷$154,780
= $72.88
Now the amount of work in process inventory at the end of June is
= $3,760 + $72.88
= $3,833
On May 22, Jarrett Company borrows $7,500 from Fairmont Financing, signing a 90-day, 8%, $7,500 note. What is the journal entry needed to record the transaction by Jarrett Company
Answer:
Debit cash with $7,500
Credit notes payable with $7,500
Explanation:
The journal entry needed to record the transaction by Jarret company is
Cash account. Dr $7,500
Notes payable account $7,500
Since Jarret company borrowed $7,500, it means an increase in cash hence increase in asset will be debited. Cash will therefore be debited. Because the company signed a note payable against cash, it means note payable account will be credited.
On May 22, Jarrett Company borrowed $7,500 frog Fairmont Financing. signing a 90-day, 8%. $7,500 note. The journal entry is made to record the transaction by Jarrett Company. Debit cash with $7,50
Credit notes payable with $7,500
The journal entry needed to record the transaction by Jarret company is
Cash account. Dr $7,500
Notes payable account $7,500
Because Jarret Company borrowed $7,500, a rise in cash and thus an increase in asset will be debited. As a result, cash will be deducted. Because the corporation signed a note payable against cash, the account will be credited.
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The country of Morson has decided to privatize the state-owned cable television company. How can the country help this newly privatized industry succeed
Answer:
Government Support
Explanation:
Privatization is better for a country. It minimizes the monopoly and encourages healthy competition. Increased competition in the business world is good. There can be variety of services available to the consumers. Government should support privatization by introducing schemes of interest free loan for investors. There will be large number of firms that might want to enter business world but the money is not available to them for startup.