Answer: Chart of Accounts
Explanation:
Once account numbers have been enabled, the numbers be assigned and edited in the chart of accounts.
To assign the account numbers, one needs to go to the accounting menu and then the chart of accounts will be selected. After that, one will select batch edit which can be seen in the action menu and add the account numbers after which one will then save. In order to see the account numbers,one can then go to chart of accounts
Find a company that has dramatically turned around its fortunes and improved its performance.
Answer:
Qatar complex
Explanation:
it is a good comany
What is result driven
Answer:
Being result-driven means that you are driven by the outcome of your goal rather than the process itself. It means that you put in effort and energy in order to get the best results in the end. I think I'm a result-driven person since I strive to get high grades and also because I'm a perfectionist. All in all being result-driven means that you are an individual that strives for the end goal/result that comes from your exertion of effort in that subject area.
Hope I helped, have a nice day :)
On January 1, a machine with a useful life of 5 years and a salvage value of $30000 was purchased for $170000. What is the depreciation expense for year 2 under straight-line depreciation
Answer:
Annual depreciation= $28,000
Explanation:
Giving the following information:
Purchase price= $170,000
Salvage value= $30,000
Useful life= 5 years
To calculate the annual depreciation, we need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (170,000 - 30,000) / 5
Annual depreciation= $28,000
Under the straight-line method, the annual depreciation is constant.
Your employer is trying to select from a list of possible capital projects. The projects, along with their cost and benefits, are listed below. The capital budget available is $1 million. In addition to spending constraints, your employer would like to select at least 2 projects. Projects 2 and 4 cannot both be selected together. Formulate the problem as a linear program and determine the optimal solution.
Project Cost Net Present Value
1 $300,000 $720,000
2 $260,000 $780,000
3 $215,000 $690,000
4 $240,000 $700,000
5 $295,000 $510,000
1. Which projects should be selected?
a. Project 1 will
b. Project 2 will
c. Project 3 will
d. Project 4 will
e. Project 5 will
2. What is the total net present value of these projects?
Answer:
Project 1, 2 and 3 will be selected
Total NPV of these projects will be $2,190,000
Explanation:
Availability of capital = 1 million
Minimum 2 projects should be selected
Project 2 and 4 cannot be selected together.
Value of project = NPV / Cost
P1 = 720,000 / 300,000 = 2.4
P2 = 780,000 / 260,000 = 3
P3 = 690,000 / 215,000 = 3.2
P4 = 700,000 / 240,000 = 2.9
P5 = 510,000 / 295,000 = 1.7
g Required: 1. Compute the throughput time. (Round your answer to 1 decimal place.) 2. Compute the manufacturing cycle efficiency (MCE) for the quarter. (Round your percentage answer to nearest whole percent.) 3. What percentage of the throughput time was spent in non–value-added activities? (Round your percentage answer to nearest whole percent.) 4. Compute the delivery cycle time. (Round your intermediate calculations and final answer to 1 decimal place.) 5. If by using Lean Production all queue time during production is eliminated, what will be the new MCE? (Do not round intermediate calculations. Round your percentage answer to 1 decimal place.)
Answer:
Note The full question is attached as picture below
1. Throughput time = Process + Inspection + Move + Move time
Throughput time = 2.7 + 0.3 + 1.0 + 5.0
Throughput time = 9.0 days
2. Manufacturing cycle efficiency = Value added time / Throughput time
Manufacturing cycle efficiency = 2.7 / 9.0
Manufacturing cycle efficiency = 0.30
Manufacturing cycle efficiency = 30%
3. Non value added throughput time = 100% - 30%
Non value added throughput time = 70%
4. Delivery cycle time = Wait time + Throughput time
Delivery cycle time = 14.0 + 9.0
Delivery cycle time = 23 days
5. New Manufacturing cycle efficiency = Value added time / Throughput time
New Manufacturing cycle efficiency = 2.7 / 4
New Manufacturing cycle efficiency = 0.675
New Manufacturing cycle efficiency = 67.5%
You are given the following information on Kaleb's Heavy Equipment: Profit margin 6.6 % Capital intensity ratio .75 Debt-equity ratio .9 Net income $ 80,000 Dividends $ 16,200 Calculate the sustainable growth rate.
Answer:
.15343
Explanation:
Calculation to determine the sustainable growth rate
First step is to calculate the Asset turnover ratio using this formula
Asset turnover ratio = (1 /CIR)
Let plug in the formula
Asset turnover ratio= (1 /.75)
Asset turnover ratio= 1.33
Second step is to calculate the Equity Multiplier using this formula
Equity Multiplier = (1+Debt equity ratio)
Let plug in the formula
Equity Multiplier=1+.9
Equity Multiplier= 1.9
Third step is to calculate Return on Equity ROE using this formula
Return on Equity ROE = (PM * AT * EM)
Let plug in the formula
Return on Equity ROE= (.066 * 1.33 * 1.9)
Return on Equity ROE= 0.166782
Fourth step is to calculate Payout Ratio
Payout Ratio=(16200/80,000)
Payout Ratio = 20.25%
Fifth step is to calculate Plowback Ratio using this formula
Plowback Ratio= ( 1 – payout)
Let plug in the formula
Plowback Ratio =1-20.25%
Plowback Ratio= 79.75%
Sixth step is to calculate Return on Equity ROE
Return on Equity ROE=(net Income/Equity)
Return on Equity ROE = 16.68%
Now let calculate the sustainable Growth Rate using this formula
Sustainable Growth Rate = (ROE * plowback) / (1 – ROE * Plowback)
Let plug in the formula
Sustainable Growth Rate= (.133023)/(.866977)
Sustainable Growth Rate= .15343
Therefore Sustainable Growth Rate is .15343
Tanouye Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Hours Wait time 24.9 Process time 2.6 Inspection time 0.5 Move time 2.2 Queue time 11.5 The throughput time was:
Answer: 16.8 hours
Explanation:
The throughput time will be calculated thus:
Inspection time = 0.5
Add: Process time = 2.6
Add: Move time = 2.2
Add: Queue time = 11.5
Throughput time = 16.8 hours
Therefore, the throughput time will be 16.8 hours.
XYZ Corporation manufactures two models of office chairs, a standard and a deluxe model. The overhead costs for setups and components pools are $60,000 and $58,900, respectively. The following activity has been compiled: Number of Number of Number of Setups Components Direct Labor Hours Standard 11 6 295 Deluxe 29 13 205 Number of setups and number of components are identified as activity-cost drivers for overhead. Assuming an activity-based costing system is used, what is the total amount of overhead costs assigned to the deluxe model
Answer:
$83,800
Explanation:
Setup cost assigned to Deluxe model = Setup Overhead costs * Number of setups required for Deluxe model/Total Number of setups required
Setup cost assigned to Deluxe model = $60,000 * 29/40
Setup cost assigned to Deluxe model = $43,500
Setup cost assigned to Deluxe model = Component Overhead costs x Number of components required for Deluxe model/Total Number of components required
Setup cost assigned to Deluxe model = $58,900 * 13/19
Setup cost assigned to Deluxe model = $40,300
Total amount of overhead costs assigned to the deluxe model = Setup cost assigned to Deluxe model + Setup cost assigned to Deluxe model = $43,500 + $40,300 = $83,800.
Jones Company paid $1,200 with cash this year in January for six months rent. Therefore, it will be used up before the end of the year when the financials are prepared. Since it is short lived and will be used up during this accounting period, Jones Company decided to record it as an expense instead of an asset at the time of payment.
The journal entry to record this transaction when Jones Company pays the cash for the six months rent would be: ___________
Answer:
Jones Company
The journal entry to record this transaction when Jones Company pays the cash for the six months rent would be: ___________
Journal Entry:
January 2, 2020:
Debit Rent Expense $1,200
Credit Cash $1,200
Explanation:
However, the proper record should have been to debit Prepaid Expense and credit Cash so that as the rent is being consumed, perhaps on a monthly basis, the Rent Expense account is debited while the Prepaid Expense account is credited. However, the decision to record it as an expense at the time of payment will not affect the correct recording of the transaction during the accounting period.
Please help because I have no clue
Answer:
non profit organizations
5. On Anna's SAR, the "Your Financial Aid History Information" section is blank or N/A. Why?
Answer:
Because she doesn't have any outstanding debts.
Explanation:
The financial aid history refers to the outstanding debts that Anna needs to pay. When this history appears blank, without any information, it means that she has already paid off all her debts and no longer has any outstanding loan, with non-payment.
If a coupon bond has two years to maturity, a coupon rate of 10 %, a par value of $1000 , and a yield to maturity of 12 %, then the coupon bond will sell for $nothing . (Round your response to the nearest two decimal place) The price of a bond and its yield to maturity are ▼ positively related negatively related unrelated .
Answer:
The right solution is "$966.27".
Explanation:
Given values are:
Coupon rate,
= 10%
Par value,
= $1000
Yield of maturity,
= 12%
then,
Coupon will be:
= [tex]1000\times 10 \ percent[/tex]
= [tex]1000\times 0.1[/tex]
= [tex]100[/tex] ($)
Now,
The present value of coupon will be:
= [tex]A\times \frac{(1-(1+r)^n)}{r}[/tex]
By putting the value, we get
= [tex]100\times \frac{1-(1.12)^{-2}}{0.12}[/tex]
= [tex]100\times \frac{1-0.7971}{0.12}[/tex]
= [tex]100\times \frac{0.2029}{0.12}[/tex]
= [tex]169.08[/tex] ($)
The present value of par value will be:
= [tex]\frac{1000}{(1+12 \ percent)^2}[/tex]
= [tex]\frac{1000}{(1.12)^2}[/tex]
= [tex]797.19[/tex] ($)
hence,
The price of bond will be:
= [tex]Present \ value \ of \ coupon+Present \ value \ of \ par \ value[/tex]
= [tex]169.08+797.19[/tex]
= [tex]966.27[/tex] ($)
Which scenario below correctly describes an unearned revenue adjustment injury
Answer:
I just need points im so sorry but good luck
The trial balance of Swifty Corporation at the end of its fiscal year, August 31, 2022, includes these accounts: Beginning Inventory $18,650; Purchases $227,110; Sales Revenue $208,200; Freight-In $9,560; Sales Returns and Allowances $3,440; Freight-Out $1,810; and Purchase Returns and Allowances $8,000. The ending inventory is $23,400.
Prepare a cost of goods sold section (periodic system) for the year ending August 31, 2022.
Answer and Explanation:
The preparation of the cost of goods sold section is presented below;
Beginning inventory $18,650
Purchases $227,110
Less: Purchase return & allowances ($,8000)
Add: Freight in $9,560
Cost of goods available for sale $247,320
Less: Ending inventory ($23,400)
Cost of goods sold $223,920
In this way it should be prepared
Your company sells over-the-counter sleep pills and has created the slogan "sleep better than a baby, sleep like a teenager." what element of strategy does this represent?
Answer: Targeting
Explanation:
Strategy refers to the integrated set of choices that managers consider when making decisions. With regards to the question above, the element of strategy that's used is the targeting strategy.
The targeting strategy is when the market is being segmented and the segments of the market tahts appropriate is then chosen aftee which product are then offered.
The HBR article titled “Supply Chain Management, Hong Kong Style” illustrated the importance of dispersed manufacturing. Please give an example to show what “dispersed manufacturing” means.
Answer:
Dispersed manufacturing reduces the cost of production by utilizing locally available resources.
Explanation:
Dispersed manufacturing allows one to locate manufacturing plants at different locations to allow dispersed manufacturing and using intervention of technology i.e cloud computing.
This allows use of locally available resources at different locations for manufacturing thereby reducing the overall cost of production.
Bobby bought 550 shares of stock at $61.25 per share. His broker charges 4% commission for round lots and 5% for odd lots. Calculate the total cost of the stock purchase.
Answer:
The total cost of the stock purchase was $ 35,371.87.
Explanation:
Since Bobby bought 550 shares of stock at $ 61.25 per share, and his broker charges 4% commission for round lots and 5% for odd lots, to calculate the total cost of the stock purchase the following calculation must be performed:
Odd lot = less than 100 shares, or sum not divisible by 100
550 = odd lot
(550 x 61.25) x 0.05 = X
33,687.5 x 0.05 = X
1,684.375 = X
33,687.5 + 1,684,375 = 35,371,875
Therefore, the total cost of the stock purchase was $ 35,371.87.
A firm has a market value of equity of $50,000. It borrows $12,500 at 7%. If the unlevered cost of equity is 18%, what is the firm's cost of equity capital
Answer: 21.63%
Explanation:
The firm's cost of equity capital will be calculated thus:
Market value of assets = $50000
Debt = $12500
Cost of debt = 7%
Unlevered cost of equity = 18%
Then, we'll calculate equity which will be calculated as:
= Market value of assets - Debt
= $50000 - $12500
= $37500
Then, the cost of equity capital will be:
= Unlevered cost of equity + [(Debt/equity) x (Unlevered cost of equity - Cost of debt)]
= 18% + [($12500/$37500) x (18% - 7%)]
= 18% + [0.33 x 11%]
= 18% + 3.63%
= 21.63%
If a company is going to use this method of dealing with surplus employees effectively, it must protect the bottom line and the corporate brand, pay attention to survivors, and identify the work that is core to sustaining a profitable business.
a. Attrition
b. Downsizing
c. Voluntary separation
d. Reducing compensation
Answer: Downsizing
Explanation:
Downsizing refers to the permanent reduction in the labor force of a company. Downsizing is common in organizations as it is associated with failing businesses and economic downturns.
Since the company is going to downsize, it must protect the bottom line and the corporate brand, and pay attention to survivors. The brand of the company should be protected as he downsizing might generate bad news hence it should be protected.
The demand for a good decreases by 10 percent and the supply of the good decreases by 8 percent. Does the price of the good rise or fall? Why?
Answer:
price decreases
A decrease in demand leads to a leftward shift of the demand curve. As a result equilibrium price and quantity decreases
A decrease in supply leads to a leftward shift of the demand curve. As a result, equilibrium price increases while equilibrium quantity decreases
Taking these two effects together, because the fall in demand is greater (10%) than the fall in supply(8%), there would be a decrease in equilibrium quantity and equilibrium price
Explanation:
QUESTION 5
Which area of interest would a mechanic most likely fit into?
Answer:
Mechanical engineers typically have the following interests:
Have investigative interests. They like work activities that have to do with ideas and thinking. They like to search for facts and figure out solutions to problems mentally.Have realistic interests. They like work activities that include practical, hands-on problems and solutions. They like to work with plants, animals, and physical materials such as wood, tools, and machinery. They often prefer to work outside.g Which of the following statements is true of clustering? A. It uses different suppliers and distribution channels for interdependent companies within an industry. B. It seldom uses specialized labor. C. It helps a firm gain an increase in efficiencies. D. It typically increases the costs of production and distribution.
Answer: C. It helps a firm gain an increase in efficiencies.
Explanation:
Clustering refers to the geographic concentration of the businesses and the suppliers that are interconnected in a particular field.
The aim of clusters is to help increase efficiencies as well as being about an increase the productivity through which companies can compete.
Therefore, the correct option is C.
In 2019, Perry, who is not otherwise involved in the gas station business, spends $53,000 investigating the acquisition of a gas station. All costs are ordinary and necessary. Perry decides not to acquire the gas station. What amount can Perry deduct in 2019 for the expenses incurred in investigating the acquisition of the gas station if Perry makes an election to accelerate his deductions as much as possible
Answer:
Perry and Investigation Expenses:
Perry can deduct the full $53,000.
He can also elect to capitalize the amount, assuming that he is acquiring the gas station, because, according to IRS, "general due-diligence and investigatory expenses incurred to decide whether to enter a new business, and which new business to enter, can be deducted/amortized under Sec. 195."
Explanation:
Facts as per scenario:
Perry is not involved in the gas station business.
Perry spends $53,000 investigating the acquisition of a gas station.
All costs are ordinary and necessary.
Perry does not acquire the gas station.
On December 1, $11,650 was received for a service contract to be performed from December 1 through April 30. b Assuming the work is performed evenly throughout the contract period, prepare the adjusting journal entry on December 31.
Required:
Record journal entries for the above transactions. Refer to the Chart of Accounts for exact wording of account titles.
Answer:
Journal entry
Date Account Title and Explanation Debit Credit
Dec 1 Cash $11650
Unearned fees $11650
(To record unearned fees)
Dec 31 Unearned fees (11650/5) $2330
Fees earned $2330
(To record adjusting entry)
what is the difference between time work and piece work rates
Answer:
the process by which green plants turn carbon dioxide and water into food using energy from sunlight
Assume (1) a predetermined overhead rate of $8.00 per machine-hour, (2) actual machine-hours worked during the period of 54,000 hours, and (3) estimated machine-hours to be worked during the coming period of 55,000 hours. The amount of overhead applied to production during the period is closest to:
Answer:
Allocated MOH= $432,000
Explanation:
Giving the following information:
Predetermined overhead rate of $8.00 per machine-hour
Actual machine-hours worked= 54,000 hours
To calculate the allocated overhead, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 8*54,000
Allocated MOH= $432,000
Park Corporation is planning to issue bonds with a face value of $2,002,000 and a coupon rate of 10 percent. The bonds mature in 5 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Park uses the effective-interest amortization method and does not use a premium account. Assume an annual market rate of interest of 8.5 percent.
Required:
1. Prepare the journal entry to record the issuance of the bonds.
2. Prepare the journal entry to record the interest payment on June 30 of this year.
3. What bonds payable amount will Park report on its June 30 balance sheet?
Answer:
1. Dr Cash $2,253,934
Cr Bonds Payable $2,253,934
2. Dr Interest Expense $96,919
Dr Bonds payable $3,181
Cr Cash $100,100
3. $2,250,753
Explanation:
1. Preparation of the journal entry to record the issuance of the bonds.
January 1
Dr Cash $2,253,934
Cr Bonds Payable $2,253,934
(To record the issuance of the bonds)
2. Preparation of the journal entry to record the interest payment on June 30 of this year.
June 30
Dr Interest Expense $96,919
Dr Bonds payable $3,181
($100,100-$96,919)
Cr Cash $100,100
(To record the interest payment)
Workings:
$2,002,000 × 0.28689 = $574,354
$100,100* × 16.77902 = 1,679,580
Issue price = $2,253,934
Interest: $2,002,000 × .10 × 1/2 = $100,100
June 30:
Interest Expense: $2,253,934 × .0430 = $96,919
3. Calculation to determine what bonds payable amount will Park report on its June 30 balance sheet
Park Corporation Balance sheet (Partial) June 30
Long term Liabilities:
Bonds payable $2,250,753
($2,253,934-$3,181)
Therefore the bonds payable amount Park will report on its June 30 balance sheet is $2,250,753
Define organizational structures? And explain types of organizational structures?
Answer:
Organizational structures are a method or a way to divide, organize, and coordinate organizational activities. The organizations have created structures to coordinate work factors activity and to control the performance of the members.
Four major structural types of organization are:
I. Functional
II. Divisional
III. Matrix
IV. Flat
Explanation:
Functional Structure:This structure brings together employees with similar or similar tasks. For instance, accountants are grouped in the financial department and the same applies to the departments of marketing, business, and human resources. This structure permits rapid decision-making since group members have similar skilful knowledge and interests and can easily communicate and also improve their skill by learning from one another.
Divisional StructureIn this structure, employees are grouped by-products or projects which satisfy customer needs. For instance, a restaurant with a catering service could structure the staff by different departments, like a wedding or wholesale retail. The staff is divided in order to achieve maximum efficiency.
Matrix StructureThere is a complex story structure for a matrix, which combines both functional and divisional elements. It divides employees into departments according to their specialization and then divides them into projects and products. A lot of planning and effort is needed to achieve this structure, but one of these is to increase the team's productivity. This is to promote innovation and creativity.
Flat StructureThe traditional top-down management system is impeded by a flat organizational structure. There is no boss concept, each employee is the boss, which removes bureaucracy and improves direct communication. For example, an employee with an innovative idea or proposal need not contact every level of senior managers in order to get an idea from the person responsible. Staff can directly communicate with each other on an individual basis.
Twenty-five percent of the company's sales are for cash and 75% are on account. Collections for sales on account follow a stable pattern as follows: 50% of a month's credit sales are collected in the month of sale, 30% are collected in the month following sale, and 15% are collected in the second month following sale. The remainder are uncollectible. Given these data, cash collections for December should be:
Answer: $136,375
Explanation:
Going by the collections pattern of the company, there will be collections for 3 months in December being October, November and December.
December collections will be:
= (50% * December credit sales) + (30% * November Credit sales) + (15% * October credit sales) + December cash sales
December credit sales = 75% * 130,000 = $97,500
November credit sales = 75% * 170,000 = $127,500
October credit sales = 75% * 150,000 = $112,500
December collections are:
= (50% * 97,500) + (30% * 127,500) + (15% * 112,500) + (25% * 130,000)
= $136,375
Voice Com, Inc., produces and sells cellular phones. The costs of producing and selling 8,000 units of cellular phones are as follows: Variable costs: Fixed costs: Direct materials $ 81 per unit Factory overhead $325,600 Direct labor 37 Selling and admin. exp. 114,400 Factory overhead 24 Selling and admin. exp. 20 Total $162 per unit Voice Com desires a profit equal to a 14% rate of return on invested assets of $942,400. Assume that Voice Com, Inc., uses the total cost concept of applying the cost-plus approach to product pricing. a. Determine the total costs and the total cost amount per unit for the production and sale of 8,000 units of cellular phones. Round the cost per unit to two decimal places. Total cost $ fill in the blank 1 Cost amount per unit $ fill in the blank 2 b. Determine the total cost markup percentage (rounded to two decimal places) for cellular phones. fill in the blank 3 % c. Determine the selling price of cellular phones. Round to the nearest cent. $ fill in the blank 4 per phone
Answer:
Voice Com, Inc.
1a. Total costs = $1,621,600
1b. Total cost per unit = $202.70
2a. Mark-up amount = $131,936
2b. Mark-up percentage = 8.14%
2c. Selling price = $219.19
Explanation:
a) Data and Calculations:
Variable costs per unit:
Direct materials $ 81
Direct labor 37
Factory overhead 24
Selling and admin. exp. 20
Total per unit $162
Fixed costs:
Factory overhead $325,600
Production and sales units = 8,000
Rate of return on invested assets = 14%
Desired profit = $131,936 ($942,400 * 14%)
Sales revenue = Total costs + Desired profit
= $1,753,536
1a. Total costs = $1,621,600 ($162 * 8,000 + $325,600)
1b. Total cost per unit = $202.70 ($1,621,600/8,000)
2a. Mark-up amount = $131,936
2b. Mark-up percentage = 8.14% ($131,936/$1,621,600 * 100)
2c. Selling price = $219.19 ($1,753,536/8,000)