When an organization tries to influence the adaptation of individuals, the process of _____ is occurring. Group of answer choices encounter socialization individualization metamorphosis

Answers

Answer 1

Answer:

B. socialization

Explanation:

Socialization can be defined as the process in which individuals learn to behave in a morally acceptable way or manner, acquire values, attitudes and habits that are in tandem with the environment where they found themselves such as an organization.

Hence, when an organization tries to influence the adaptation of individuals, the process of socialization is occurring.


Related Questions

Danner Company expects to have a cash balance of $58,050 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows.Collections from customers: January $109,650, February $193,500.Payments for direct materials: January $64,500, February $96,750.Direct labor: January $38,700, February $58,050. Wages are paid in the month they are incurred.Manufacturing overhead: January $27,090, February $32,250. These costs include depreciation of $1,935 per month. All other overhead costs are paid as incurred.Selling and administrative expenses: January $19,350, February $25,800. These costs are exclusive of depreciation. They are paid as incurred.Sales of marketable securities in January are expected to realize $15,480 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $32,250. The company wants to maintain a minimum monthly cash balance of $25,800.Prepare a cash budget for January and February.

Answers

Answer:

                                                                             January                  February

Beginning Cash Balance                                     58,050                  35,475

Add: Receipts

Collections from Customers                               109,650                 193,500

Sale of Marketable Securities                              15,480                       0      

Total Receipts                                                     125,130                  193,500

Total Available Cash                                            183,180                  228,975

Less: Disbursements

Direct Materials                                                  64,500                      96,750

Direct Labour                                                      38,700                       58,050

Manufacturing Overhead                                  25,155                        30,315

Selling and Administrative                                 19,350                        25,800

Total Disbursements                                        147,705                     210,915

Cash Balance                                                     35,475                        18,060

Financing

Add: Borrowings                                                   0                                  7,740

Less: Repayments                                                 0                                    0    

Ending Cash Balance                                        35,475                         25,800

The company wants to maintain a minimum monthly cash balance of $25,800 so in February they will have to borrow;

= 25,800 - 18,060

= $7,740

A construction worker was working at the construction site of a new building. An open elevator, which had been installed in the building by the elevator manufacturer, was used to haul workers and building materials between floors. While the worker was riding the elevator, it stalled between floors due to a manufacturing defect in the elevator. The worker called for assistance and was in no danger, but after waiting 15 minutes for help, he became anxious and jumped 12 feet to get out. He severely injured his back when he landed.
In an action by the worker against the elevator manufacturer to recover for his back injury, is the worker likely to obtain a judgment for 100% of his damages?

Answers

Answer:

No, because the worker was not in danger while on the stalled elevator.

Explanation:

Product liability is defined as the liability that the producer of a good bears for putting a defective or dangerous product in the hands of the consumer.

For any injury done to the consumer, the producer is liable.

However in this scenario when the elevator stalled he was in no danger, but after waiting 15 minutes for help, he became anxious and jumped 12 feet to get out. He severely injured his back when he landed.

The injury was not as a result of product defect. So the worker is not likely to obtain a judgment for 100% of his damages.

Consider the following information for stocks A, B, and C. The returns on the three stocks are positively correlated, but they are not perfectly correlated. (That is, each of the correlation coefficients is between 0 and 1.)


Stock Expected Return Standard Deviation Beta
A 8.50% 16% 0.8
B 9.50 16 1.2
C 10.50 16 1.6

Fund P has one-third of its funds invested in each of the three stocks. The risk-free rate is 6.5%, and the market is in equilibrium. (That is, required returns equal expected returns.)

Required:
a. What is the market risk premium?
b. What is the beta of Fund P?
c. What is the required return of Fund P?
d. Would you expect the standard deviation of Fund P to be less than 15%, equal to 15% or greater than 15%? Explain.

Answers

Answer:

a. $2.5

b. 1.20

c. 9.5%  

Explanation:

We can calculate the market risk premium and the required return according to the CAPM model by using the simple expected return formula given below. Average beta can be calculated by dividing the sum of all beta with the number of betas

(a) Computation of the market risk premium

According to the CAPM model

Expected Return = Risk-free rate of return + Beta (Risk premium )

8.50 = 6.5 + 0.8(Risk premium )

Risk Premium = (8.50 - 6.5) / 0.8

Risk Premium = $2.5

(b) Computation of the beta of Fund P.We have,

Average of beta = ( 0.8 + 1.2 + 1.6) / 3

Average of beta = 1.20

(c) Computation of the required return of Fund P

Required Return = Risk-free rate of return + Beta x Risk premium

Required Return = 6.5 + 1.20 (2.50 )

Required return = 9.5%  

 

(d) If the correlation coefficient of the portfolio shall be 1. In this situation, unsystematic risk can not be diversified. So, The standard deviation of the fund P is equal to 15%.  

If the correlation coefficient of the portfolio shall be a range of 0 to 1. In this situation, unsystematic risk can be a little bit diversified. So, The standard deviation of the fund P should be less than 15%.

is a specialty popcorn store. It offers two varieties of​ popcorn: plain and flavored. The flavors range from Caramel Popcorn to Dark Chocolate Drizzled Popcorn to White Cheddar Popcorn. The plain popcorn sells for per box and costs per box to make. The flavored popcorn sells for per box and costs per box to make. has fixed costs per month of . sells 1 box of plain popcorn for every 4 boxes of flavored popcorn. How many boxes of plain popcorn and how many boxes of flavored popcorn must sell each month to break​ even?

Answers

Answer:

The numbers are missing, so I looked for a similar question (see image):

first we must calculate the contribution margin:

plain popcorn = selling price - variable costs = $2 - $0.80 = $1.20

flavored popcorn = selling price - variable costs = $4 - $2.50 = $1.50

sales mix = 1 plain : 4 flavored

weighted contribution margin = [$1.20 + (4 x $1.50)] / 5 = $1.44

total fixed costs = $3,240

break even point in units = $3,240 / $1.44 = 2,250 units

the company must sell 2,250 x 1/5 = 450 plain popcorn boxes and 1,850 flavored popcorn boxes in order to break even

Dixon Company is a manufacturer that completed numerous transactions during the month, some of which are shown below:
A. Raw materials purchased on account, $100,000.
B. Raw materials used in production, $78,000 direct materials, and $16,000 indirect materials.
C. Sales commissions paid in cash, $45,000.
D. Depreciation was recorded for the month, $60,000 (65% related to factory equipment, and the remainder related to selling and administrative equipment).
E. Sales for the month, $450,000 (70% cash sales and the remainder were sales on account).
F. Factory utilities paid in cash, $12,000.
G. Applied $138,000 of manufacturing overhead to production during the month.
H. Various jobs costing a total of $190,000 were completed during the month and transferred to Finished Goods.
I. Cash receipts from customers who had previously purchased on credit, $115,000.
J. Various completed jobs costing a total of $220,000 were sold to customers.
K. Cash paid to raw material suppliers, $90,000.
Required:
The table shown below includes only one account from Dixon Company's balance sheet-Retained Earnings. For each of the above transactions, select "No" if it would not affect Retained Earnings. Conversely if the transaction would affect Retained Earnings, then record the amount of the increase or (decrease) to this account under the "Yes" column.
Retained Earnings
Transaction Yes No
a
b
c
d
e
f
g
h
i
j
k

Answers

Answer:

Explanation:

From the question, we are told to

select "No" if it would not affect Retained Earnings. Conversely if the transaction would affect Retained Earnings, then record the amount of the increase or (decrease) to this account under the "Yes" column.

Retained Earnings

Retained Earnings is the remaining income in total that a company/organization has after she has paid dividents to her shareholders and all expenses.

Note that: whenever, there is rise or fall in net income as well as the dividends given shareholders, the Retained earnings are affected, which means anything that bring about increase or decrease of net income definitely affect retain earning.

""When the dividend given to shareholders

or other expenses is less that net income for the company ,then it means

increase in retain earning and vice versa.""

A)NO, it would not affect Retained Earnings.

This is raw material needed for the business

B)NO, it would not affect Retained Earnings.

C)yes,it would affect Retained Earnings by decrease of (-45,000)

D)yes, it would affect Retained Earnings by decrease of(-21,000)

E)yes, it would affect Retained Earnings by increase of(450,000)

F))NO, it would not affect Retained Earnings

G)NO, it would not affect Retained Earnings

H)NO, it would not affect Retained Earnings

I)NO, it would not affect Retained Earnings

J) yes, it would affect Retained Earnings by decrease of(-220,000)

K)NO, it would not affect Retained Earnings

Beasley Industries' sales are expected to increase from $5 million in 2019 to $6 million in 2020, or by 20%. Its assets totaled $3 million at the end of 2019. Beasley is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2019, current liabilities are $740,000, consisting of $160,000 of accounts payable, $450,000 of notes payable, and $130,000 of accrued liabilities. Its profit margin is forecasted to be 4%, and its dividend payout ratio is 50%. Using the AFN equation, forecast the additional funds Beasley will need for the coming year. Do not round intermediate calculations. Round your answer to the nearest dollar.
$
The AFN equation assumes that ratios remain constant. However, firms are not always operating at full capacity so adjustments need to be made to the existing asset forecast. Excess capacity adjustments are changes made to the existing asset forecast because the firm is not operating at full capacity. For example, a firm may not be at full capacity with respect to its fixed assets. First, the firm's management must find out the firm's full capacity sales as follows:
Next, management would calculate the firm's target fixed assets ratio as follows:
Finally, management would use the target fixed assets ratio with the projected sales to calculate the firm's required level of fixed assets as follows:
Required level of fixed assets = (Target fixed assets/Sales) × Projected sales
Quantitative Problem 2: Mitchell Manufacturing Company has $1,600,000,000 in sales and $310,000,000 in fixed assets. Currently, the company's fixed assets are operating at 70% of capacity.
A. What level of sales could Mitchell have obtained if it had been operating at full capacity? Do not round intermediate calculations. Round your answer to the nearest dollar.
$
B. What is Mitchell's Target fixed assets/Sales ratio? Do not round intermediate calculations. Round your answer to two decimal places.
%
C. If Mitchell's sales increase by 60%, how large of an increase in fixed assets will the company need to meet its Target fixed assets/Sales ratio? Do not round intermediate calculations. Round your answer to the nearest dollar.
$

Answers

Answer:

Using the AFN equation, forecast the additional funds Beasley will need for the coming year.

EFN = (A/S) x (Δ Sales) - (L/S) x (Δ Sales) - (PM x FS x (1-d))

A/S =  $3 / $5 = 0.6

ΔSales = $1,000,000

L/S =  $290 / $5,000 = 0.058 (notes payable are not included)

PM =  4%

FS = $6,000,000

1 - d =  0.5

EFN = (0.6 x $1,000,000) - (0.058 x $1,000,000) - (0.04 x $6,000,000 x 0.5) = $600,000 - $58,000 - $120,000 = $422,000

A. What level of sales could Mitchell have obtained if it had been operating at full capacity?

$1,600,000,000 / 0.7 = $2,285,714,286

B. What is Mitchell's Target fixed assets/Sales ratio?

$310,000,000 / $2,285,714,286 = 0.14

C. If Mitchell's sales increase by 60%, how large of an increase in fixed assets will the company need to meet its Target fixed assets/Sales ratio?

required level of fixed assets = 0.14 x ($1,600,000,000 x 1.6) = $358,400,000

increase in fixed assets = $358,400,000 - $310,000,000 = $48,400,000

Terms of a lease agreement and related facts were:
a. Incremental costs of commissions for brokering the lease and consummating the completed lease transaction incurred by the lessor were $6,652.
b. The retail cash selling price of the leased asset was $550,000.
c. Its useful life was three years with no residual value.
d. The lease term is three years and the lessor paid $550,000 to acquire the asset.
e. Annual lease payments at the beginning of each year were $200,000.
f. Lessor’s implicit rate when calculating annual rental payments was 9%.
(FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
Required:
1. Prepare the appropriate entries for the lessor to record the lease and related payments at its beginning, January 1, 2018.
2. Calculate the effective rate of interest revenue after adjusting the net investment by initial direct costs.
3. Record any entry(s) necessary at December 31, 2018, the fiscal year-end.

Answers

Answer:

1) January 1, 2018, asset leased

Dr Lease receivable 550,000

    Cr Equipment 550,000

January 1, incremental costs associated with lease transaction

Dr Lease receivable 6,652

    Cr Cash 6,652

January 1, 2018, first lease payment collected

Dr Cash 200,000

    Cr Lease receivable 200,000

2) to calculate the effective rate we can use the present value of an annuity due formula

PV annuity due factor, 3 periods, ?% = present value of lease receivable / annual payment = $556,652 / $200,000 = 2.78326

Now we must use an annuity due table to determine a possible rate. In this case, the exact rate is 8%.

3) December 31, 2018, interest receivable on lease contract

Dr Interest receivable 28,532

    Cr Interest revenue 28,532

interest receivable = ($556,652 / $200,000) x 8% = $28,532

Tulip Company produces two products, T and U. The indirect labor costs include the following two items:
Plant supervision $700,000
Setup labor (indirect) 300,000
Total indirect labor $1,000,000
The following activity-base usage and unit production information is available for the two products:
Number of setups Direct Labor Hours Units
Product T 200 20,000 900
Product U 200 30,000 1,100
Total 400 50,000 2,000
(a) Determine the single plantwide factory overhead rate, using direct labor hour as the activity base.
(b) Determine the factory overhead cost per unit for Products T and U, using the single plantwide factory overhead rate.
(c) Determine the activity rate for plant supervision and setup labor, assuming that the activity base for supervision is direct labor hours and the activity base for setup is number of setups.
(d) Determine the factory overhead cost per unit for Products T and U, using activity-based costing.
(e) Why is the factory overhead cost per unit different for the two products under the two methods?

Answers

Answer: See explanation

Explanation:

a. Total factory overhead = $1,000,000

Total direct labor hours = 50,000

Rate per hour = $1,000,000/50,000

= $20

Number of labor hours, product T = 20,000

Factory overhead = 20,000 × $20 = $400,000

Number of labor hours, product U = 30,000

Factory overhead = 30,000 × $20 = $600,000

b. Product T, factory overhead = $400000

Units = 900

Per unit factory overhead = $400,000/900

= 444.44

Product T, factory overhead = $600000

Units = 1100

Per unit factory overhead = $600,000/1100

= 545.46

c. Supervision = $700,000

Direct labor hours = 50000

Supervision rate per hour = $700000/50000

= $14

Set up labor = $300,000

Number of setup = 400

Supervision rate per hour = $300000/400

= $750

d. For product T:

Plant Supervision = 20,000 × 14 = 280,000

Set-up labor = 200 × 750 = 150,000

Total cost = 430,000

Number of unit = 900

Factory overhead per unit = 430,000/900 = 477.8

For product U:

Plant Supervision = 30,000 × 14 = 420,000

Set-up labor = 200 × 750 = 150,000

Total cost = 570,000

Number of unit = 1100

Factory overhead per unit = 570,000/1100 = 518.2

e. For the first part, the factory overhead is being divided using direct labor hours.

For the second part, the factory overhead is being aportioned using activity based costing.

Katie, a single taxpayer, is a shareholder in Engineers One, a civil engineering company. This year, Katie’s share of net business income from Engineers One is $200,000 (net of the associated for AGI self-employment tax deduction). Assume that Katie’s allocation of wages paid by Engineers One to its employees is $300,000 and her allocation of Engineers One’s qualified property is $150,000 (unadjusted basis of equipment, all purchased within past three years). Assume Katie has no other business income and no capital gains or qualified dividends. Her taxable income before the deduction for qualified business income is $400,000.
Required:
A. Calculate Katie’s deduction for qualified business income.
B. Assume the same facts provided above, except Katie’s net business income from Engineers One is $400,000 (net of the associated for AGI self-employment tax deduction), and her taxable income before the deduction for qualified business income is $350,000.

Answers

Answer:

A) Katie's maximum deduction is $200,000 x 20% = $40,000

But we must check that her deduction meets 3 requirements:

cannot exceed 50% of her earned wages = $300,000 x 50% = $150,000 ✓ requirement metcannot exceed 25% of her earned wages + 2.5% of qualified property = ($300,000 x 25%) + ($150,000 x 2.5%) = $78,750 ✓ requirement metcannot exceed 20% of taxable income = $400,000 x 20% = $80,000 ✓ requirement met

B) Katie's maximum deduction is $400,000 x 20% = $80,000, but since her net business income is higher than her taxable income, she must calculate 20% x $350,000 (taxable income) = $70,000 (same as requirement 3 in previous answer)

Money, Inc., has no debt outstanding and a total market value of $200,000. Earnings before interest and taxes, EBIT, are projected to be $26,000 if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 12% higher. If there is a recession, then EBIT will be 25% lower. Money is considering a $65,000 debt issue with an interest rate of 6 percent. The proceeds will be used to repurchase shares of stock. There are currently 10,000 shares outstanding. Ignore taxes for this problem.a-1. Calculate earnings per share, EPS, under each of the three economic scenarios before any debt is issued. (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))a-2. Calculate the percentage changes in EPS when the economy expands or enters a recession. (Do not round intermediate calculations. Negative amounts should be indicated by a minus sign.)b-1. Calculate earnings per share (EPS) under each of the three economic scenarios assuming the company goes through with recapitalization. (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))b-2. Given the recapitalization, calculate the percentage changes in EPS when the economy expands or enters a recession. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))

Answers

Answer and Explanation:

Answer and explanation attached

External Influences on Consumer Behavior SaGa is a European fashion store chain that specializes in accessible, trendy clothes and accessories for men and women. Its target audience includes fashion-conscious young men and women, ages 16-30. After success in Europe, SaGa is getting ready to launch its flagship stores in five U.S. markets-New York, Los Angeles, Chicago, San Francisco, and Miami. Based on its product offerings, SaGa is targeting millennials (those born between 1982 and 2000, also called gen Y). As a group, millennials are open to making impulse purchases, and are socially connected as demonstrated by their use of Twitter to tweet about products and brands. Also, based on its "accessible" price for its fashion offerings, Saga is targeting middle-to upper-middle-class millennials. SaGa's advertising agency of record was excited about the impending launch campaign in the U.S. and its first-ever foray into the American market, which is heavily influenced by celebrity and pop culture. The agency was developing a campaign that focused on "usage occasion"—the ad would show a group of friends, in their 20s, getting together for a Friday night out in the city. A social occasion such as a night out with friends, combined with the setting of a city street lined with trendy clubs and restaurants, highlighted a perfect usage occasion for wearing fashionable clothes from SaGa. In the ad, the friends walk through a busy city street that has a party atmosphere, and pass several other people whose fashion sense is not as trendy as theirs. As they pass these people, the contrast between their group and the other people is highlighted by the use of muted, fading colors (for the other people) versus bright and pleasing colors (for the group of friends wearing SaGa). The agency was thus contrasting those who do not wear SaGa, a dissociative group, with those who do. Meanwhile, Raza, a high-end fashion store chain in Europe, is planning to enter the Japanese market. RaZa's promotional strategy decisions include highlighting the purchase situation in their ads by showing the exclusive boutique store atmosphere, and by using international supermodels that denoted an aspirational group for their target audience. RaZa targeted older and more affluent consumers compared to SaGa; their target market consisted of upper-class gen X'ers in Japan (those born between 1946 and 1976). RaZa's research revealed that the Japanese culture understood and respected high-end fashion. The consumer does not make purchase decisions in isolation. A number of external factors have been identified that may influence consumer decision-making, such as culture, subcultures, social class, reference groups, and situational determinants. Match the various external (or environmental) influences on consumer behavior to the relevant situations in SaGa's promotional decisions. Then match these external influences to examples found in RaZa's decisions. Born between 1965-1976 SaGa's Promotional Decisions External Influences Examples of External on Consumer Influence from Behavior RaZa's Promotional Decisions Affluent consumers Exclusive boutique-like shopping atmosphere Decision to launch in America, which represented a new culture, compared to their existing markets. Supermodels Target consumers: millennials Situational determinants Target consumers: middle and upper-middle class Social class Ads featured people that the target consumers identify with (associative groups), and also people that the target group does not belong to (dissociative groups). Subculture Ads featured a typical usage occasion for SaGa's product offerings - a Friday night out with friends. Japanese appreciation for high-end fashion Reference groups Culture

Answers

Part of question attached

Answer and Explanation:

Please find attached answer and explanation

a. Cash receipts from customers for services rendered __________ Operating __________Inflow
b. Sale of long-term investments for cash __________Investing__________ Inflow
c. Acquisition of PPE for cash _________ Investing _________ Outflow
d. Payment of income taxes ______ Operating __________ Outflow
e. Bonds payable issues for cash________ Financing __________ Outflow
f. Payment of cash dividends declared in previous year _________ Financing _______ Outflow
g. Purchase of short-term investments (not cash equivalents) for cash_______ Investing ______ Outflow
h. Purchases of inventory for cash _______ Operating _________ Outflow

Answers

Answer:

a. Cash receipts from customers for services rendered

Indication: Operating activities and Cash Inflow

b. Sale of long-term investments for cash

Indication: Investing actiivity and Cash Inflow

c. Acquisition of property, plant and equipment for cash

Indication: Investing activity and Cash Outflow

d. Payment of income taxes

Indication: Operating activity and Cash Outflow

e. Bonds payable issues for cash

Indication: Financing Activity and Cash Outflow

f. Payment of cash dividends declared in previous year

Indication: Financing activity and Cash Outflow

g. Purchase of short-term investments (not cash equivalents) for cash

Indication: Investing activity and Cash Outflow

h. Purchases of inventory for cash

Indication: Operating activity and Cash Outflow

Definition of terms

Operating Activity: This activity will show how much the cash flow from the business in operating . This included net profit and changes in assets and liabilities and amortization expenses .

Investing Activities: This part is shows the where the money is invested or investment is sold.

Financing Activities: This activities will show the cash flow from financing activities between the reporting period example. Raising or payment of the fund through the common stock , preference and bonds etc.

You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 4.3 percent indefinitely. The company just paid a dividend of $3.26 and you feel that the required return on the stock is 10.5 percent. What is the price per share of the company's stock

Answers

Answer: $54.84

Explanation:

Here, the price per share will be calculated as per the constant growth formula :  Price = (Dividend x (1+growth rate)) ÷ (return rate - growth rate)

Dividend $3.26 , growth rate = 4.3%=0.043 , return rate = 0.105

[tex]\text{Price}=\dfrac{3.26\times(1+0.043)}{0.105-0.043}\\\\=\dfrac{3.26\times(1.043)}{0.062}\\\\=\dfrac{3.40018}{0.062}\approx\ \$54.84[/tex]

Hence, the price per share of the company's stock = $54.84

Trevor is a single individual who is a cash-method, calendar-year taxpayer. For each of the next two years (2020 and 2021), Trevor expects to report AGI of $80,000, contribute $8,000 to charity, and pay $2,800 in state income taxes.

Required:
a. Estimate Trevor’s taxable income for 2020 and 2021 using the 2020 amounts for the standard deduction for both years.
b. Now assume that Trevor combines his anticipated charitable contributions for the next two years and makes the combined contribution in December of 2020. Estimate Trevor’s taxable income for each of the next two years using the 2020 amounts for the standard deduction.
c. Trevor plans to purchase a residence next year, and he estimates that additional property taxes and residential interest will cost $2,000 and $10,000, respectively, each year. Estimate Trevor’s taxable income for each of the next two years (2020 and 2021) using the 2020 amounts for the standard deduction and also assuming Trevor makes the charitable contribution of $8,000 and state tax payments of $2,800 in each year.
d. Trevor plans to purchase a residence next year, and he estimates that additional property taxes and residential interest will cost $2,000 and $10,000, respectively, each year. Assume that Trevor makes the charitable contribution for 2021 and pays the real estate taxes for 2021 in December of 2020. Estimate Trevor’s taxable income for 2020 and 2021 using the 2020 amounts for the standard deduction.

Answers

Answer and Explanation:

Please find answer and explanation attached

ABC Inc. made a $25,000 sale on account with the following terms: 2/10, n/30. If the company uses the net method to record sales made on credit, what is/are the debit(s) in the journal entry to record the sale

Answers

Answer: Debit Accounts Receivable for $24,500.

Explanation:

Based on the information that have been provided in the question, we should first know that under the net method, sales discount is not used.

Therefore, to record the sales that are made on credit will be:

Debit: Accounts receivables by:

= $25000 – (2% × $25,000)

= $25,000 - (0.02 × $25000)

= $25000 - $500

= $24,5000

Credit: Sales Revenue.

Therefore, the answer is Debit Accounts receivables for $ 24500

For each of the following transactions for New Idea Corporation, give the accounting equation effects of the adjustments required at the end of the month on July 31: (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign)
a. Received a $550 utility bill for electricity usage in July to be paid in August.
b. Owed wages to 10 employees who worked three days at $75 each per day at the end of July. The company will pay employees at the end of the first week of August.
c. On July 1, loaned money to an employee who agreed to repay the loan in one year along with $900 for one full year of interest. No interest has been recorded yet.

Answers

Answer and Explanation:

The accounting equation effects of the adjustments required at the end of the month on July 31 is shown below:-

Transactions   Assets = Liabilities             +      Stockholder's equity

a                                     Utilities payable $550    Utilities expenses -$550

b                                     Wages payable $2,250 Wages expense -$2,250

                                            (3 × $75 × 10)  

c   Interest receivable $450                                 Interest revenue $450

        ($900 ÷ 2)

Explanation:-

a. The adjustment of the utilities would be recognized in the equation of accounting by rising the liability that is utilities payable and falling the equity that is utility expense.

b. The adjustment of the wages would be recognized in the equation of accounting by rising the liability that is wages payable and falling the equity that is wages expense.

c. The adjustment of the interest would be recognized in the equation of accounting by rising the assets that is interest receivable and falling the equity that is interest revenue.

If there are external or spillover benefits associated with consumption and production of a product, it can be said that the:

Answers

Answer:

supply curve for the product lies too far to the right to provide an efficient allocation of resources

Explanation:

Please find attached an image of the full question

A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.

Goods that generate spill over benefits are usually underproduced and the supply curve lies too far to the right to provide an efficient allocation of resources

what is Framing in a conversation?​

Answers


“How someone frames an issue influences how others see it and focuses their attention on particular aspects of it. Framing is the essence of targeting a communication to a specific audience. Although conceptually framing seems pretty staightforward, the reality is that most people don't do it well.”

Word it differently or be arrested for plagiarism :D

Answer:

How someone frames an issue affects how it is seen by others and focuses their attention on specific aspects of it. Framing is the basis of approaching a particular audience to connect. Although framing seems very simple conceptually, the reality is that most people don't do it well.

Explanation:

Match the items.The task is to match the lettered items with the correct numbered items. Appearing below is a list of lettered items. Following that is a list of numbered items. Each numbered item is followed by a drop-down. Select the letter in the drop down that best matches the numbered item with the lettered alternatives.a. Showrooming: pricing in one store & while still there using mobile to purchase onlineb. Marketplace Fairness Act of 2013-- specifies how online retailers collect sales taxc. Best Buy introduced price matching even for online offers to promote instore purchased. E-commerce, up 13% year, while mobile commerce is growing at twice that ratee. Vendor Flex places Amazon employees at suppliers warehouses to lower shipping costsf. 80% of new phone purchases are smartphones allowing online shoppingg. Amazon spent $14B building warehouse bigger & closer to customers1. Immediate Environment: COMPANY2. Immediate Environment: COMPETITOR3. Immediate Environment: COLLABORATORS4. Macro Environment: Political/Regulatory/Legal5. Macro Environment: Economic6. Macro Environment: Social/cultural7. Macro Environment: Technological

Answers

Answer:

1. Immediate Environment: COMPANY - g. Amazon spent $14B building warehouse bigger & closer to customers

These are actions that in which the company deals within itself.

2. Immediate Environment: COMPETITOR - c. Best Buy introduced price matching even for online offers to promote instore purchased.

These are actions relating to competitors in the market.

3. Immediate Environment: COLLABORATORS - e. Vendor Flex places Amazon employees at suppliers warehouses to lower shipping costs.

These are actions between a few companies in a less in a market working together.

4. Macro Environment: Political/Regulatory/Legal - b. Marketplace Fairness Act of 2013-- specifies how online retailers collect sales tax.

At Macro level this reflects actions by the Government meant to govern the industry.

5. Macro Environment: Economic - d. E-commerce, up 13% year, while mobile commerce is growing at twice that rate.

This refers to the general economy and how it is moving.

6. Macro Environment: Social/cultural - a. Showrooming: pricing in one store & while still there using mobile to purchase online.

Refers to Socio-cultural actions that are widespread in the society or not unique to individual entities such as Showrooming.

7. Macro Environment: Technological - f. 80% of new phone purchases are smartphones allowing online shopping.

This describes the general actions of the society in relations to technological improvements or advancements.

Headland Mining Company purchased land on February 1, 2020, at a cost of $1,169,500. It estimated that a total of 52,800 tons of mineral was available for mining. After it has removed all the natural resources, the company will be required to restore the property to its previous state because of strict environmental protection laws. It estimates the fair value of this restoration obligation at $96,300. It believes it will be able to sell the property afterwards for $107,000. It incurred developmental costs of $214,000 before it was able to do any mining. In 2020, resources removed totaled 26,400 tons. The company sold 19,360 tons. Compute the following information for 2020.
A) Per unit mineral cost.
B) Total material cost of December 31, 2020, inventory.
C) Total material cost in cost of goods sold at December 31, 2020.

Answers

Answer:

1. $26 per unit

2. $183,040

3. $503,360

Explanation:

1. Computation of per unit mineral cost

Per unit mineral cost=(1,169,500+96,300+214,000-107,000)/52,800

Per unit mineral cost=1,372,800/52,800

Per unit mineral cost=$26 per unit

Therefore the Per unit mineral cost will be $26 per unit

2. Computation of Total materials cost

Total materials cost= (26,400 tons-19,360 tons)*26

Total materials cost=7,040*26

Total materials cost=$183,040

Therefore the Total materials cost will be $183,040

3. Calculation for the Total materials cost in Cost of goods sold

Total materials cost in Cost of goods sold= (19,360*26)

Total materials cost in Cost of goods sold =$503,360

Therefore the Total materials cost in Cost of goods sold will be $503,360

On April 1st, Bob the Builder entered into a contract of one-month duration to build a barn for Nolan. Bob is guaranteed to receive a base fee of $5,000 for his services in addition to a bonus depending on when the project is completed. Nolan created incentives for Bob to finish the barn as soon as he can without jeopardizing the structural integrity of the barn. Nolan offered to pay an additional 30% of the base fee if the project finished 2 weeks early and 10% if the project finished a week early. The probability of finishing 2 weeks early is 30% and the probability of finishing a week early is 60%.What is the expected transaction price with variable consideration estimated as the expected value?a. $4,750b. $5,000c. $5,750d. $5,50

Answers

Answer: c. $5,750

Explanation:

Expected value will be the weighted average of the payoffs of the different scenarios.

= Base fee + Addition if finished 1 week early + Addition if finished 2 weeks early + No addition

= 5,000 + ( 5,000 * 10% * 60%) + ( 5,000 * 30% * 30%) + (5,000 * 0% * 10%)

= $5,750

On June 12, Music, Incorporated sells $4,000 of goods on account to a credit customer with credit terms of 1/10, n/30. If the customer pays on June 20, select the correct entry to record the receipt of the customer's payment:

Answers

Answer:

June 20

Cash $3,960 (debit)

Discount allowed $40 (debit)

Trade Receivable $4,000 (credit)

Explanation:

The sale journal is as follows :

June 12

Trade Receivable $4,000 (debit)

Sales Revenue $4,000 (credit)

The payment journal will be :

June 20

Cash $3,960 (debit)

Discount allowed $40 (debit)

Trade Receivable $4,000 (credit)

Note

That the customer was granted a discount period of 10 days and they managed to repay the amount owing in that period by June 20, so they are eligible for a cash discount of 1 %.

Presented below is information related to Cheyenne Corp. for the year 2017.
Net sales $1,307,700 Write-off of inventory due to obsolescence $84,810
Cost of goods sold 783,400 Depreciation expense omitted by accident in 2016 44,900
Selling expenses 70,400 Casualty loss 46,800
Administrative expenses 57,500 Cash dividends declared 41,910
Dividend revenue 24,700 Retained earnings at December 31, 2016 1,018,730
Interest revenue 7,450 Effective tax rate of 34% on all items
Prepare a separate retained earnings statement for 2017. (List items that increase adjusted retained earnings first.)
CHEYENNE CORP.
Retained Earnings Statement
For the Year Ended December 31, 2017
Retained Earnings, January 1, as reported
Correction for Overstatement of Net Income in Prior Period
Retained Earnings, January 1, as adjusted
Add:Net Income/(Loss)
Less . Dividends Declared
Retained Earnings, December 31

Answers

Answer:

Retained earning at end $1,357,521

Explanation:

To calculate retain earning at end, we need to calculate first the net profit or loss.

Sales

$1,307,700

Less: cost of goods sold

($783,400 - $84,810)

($698,590)

Less: Selling & administrative expenses ($70,400 + $57,500)

($127,900)

Gross profit.

$481,210

Add: Dividend revenue

$24,700

Profit before tax

$505,910

Tax ($505,910 × 34%)

$172,009

Less: Deduction of casualty loss

($46,800)

Tax liability

$125,209

Profit after tax

$505,910 - $125,209

= $380,701

Nash Corp. Statement of retained earning.

Retained earning(opening)

$1,018,730

Less : Dividend declared

($41,910)

$976,820

Add : Profit

$380,701

Retained earning at end $1,357,521

Eaton Tires manufactures tires for dune buggies and has two different products, nubby tires and smooth tires. The company produces 5,000 nubby tires and 10,000 smooth tires each year and incurs $172,000 of overhead costs. The following information is available:
Activity Total Cost Cost Driver
Materials handling $60,000 Number of requisitions
Machine setups 55,000 Number of setups
Quality inspections 57,000 Number of inspections
For the nubby tires, the company has 400 requisitions, 200 setups, and 200 inspections. The smooth tires require 600 requisitions, 300 setups, and 400 inspections.
Determine the overhead rate for each activity.

Answers

Answer:

Materials handling= $60 per requisition

Machine setups= $110 per setup

Quality inspections= $95 per inspection

Explanation:

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Materials handling= 60,000/1,000= $60 per requisition

Machine setups= 55,000/500= $110 per setup

Quality inspections= 57,000/600= $95 per inspection

To determine how students at a particular college feel about cigarette smoking in public places, all students in the college who chose to have their email address published in the college directory were sent an email with a link to an online survey. What is wrong with this sampling method?

A. Nothing, since students could go online to give their opinion.
B. Only smokers should have been surveyed.
C. They should have only sent the email to every 5th student in the directory.
D. The sampling method would result in a sample size that is too large.
E. Not all students would have an email listed in the student directory.

Answers

Answer:

b only smokers should have surveyed

Explanation:

because they actually smoke

Answer:

B

Explanation:

HOPE THIS HELP

1. Define a red ocean vs. a blue ocean strategy.
2. For one of the products in your business simulation (action cameras for UAV drones), discuss whether you are in a red ocean or a blue ocean.
3. Identify and discuss the blue ocean four actions framework.
4. For one of the products in your business simulation (action cameras for UAV drones), discuss the components of a current value cure and a new value curve.

Answers

Answer:

1. Define a red ocean vs. a blue ocean strategy.

A red ocean strategy occurs in a marketplace that is saturated with more or less similar products.

A blue ocean strategy occurs in a marketplace that does not have market saturation. Where there are no close substitute products.

2. For one of the products in your business simulation (action cameras for UAV drones), discuss whether you are in a red ocean or a blue ocean.

Action cameras are part of a red ocean strategy because the market for action cameras is saturated, with many competitors providing a similar product.

UAV drones are part of a blue ocean strategy because the product offers an unique service, and there are very few companies that provide this good.

3. Identify and discuss the blue ocean four actions framework.

The four actions are: raising quality standards to a new level, creating new quality standards, reducing some factors below quality standards, and eliminate some factors that are commonly used in the industry.

4. For one of the products in your business simulation (action cameras for UAV drones), discuss the components of a current value cure and a new value curve.

UAV Drones are part of the blue ocean strategy, and as a result, they have a new value curve. However, the market could become part of a red ocean strategy if enough competitors enter the market.

This is why UAV Drones producers should cotinually revise the four actions frameworks in order to develop the drones and keep the competitive advantage, and the blue ocean enviroment.

Suppose someone offered to sell you a note calling for payment of $1,225 15 months from today (456 days). They offer to sell it to you for $950. You have $950 in a bank time deposit which pays a 12% nominal rate with a daily (365 days a year) compounding, and you plan to leave the money in the bank unless you buy the note? Recommend action based on checking the decision in three ways:
(1) by comparing your future value if you buy the note versus leaving your money in the bank,
(2) by comparing the PV of the note with your current bank account, and
(3) by comparing the EAR on the note versus that of the bank account.

Answers

Answer:

(1) by comparing your future value if you buy the note versus leaving your money in the bank,

the future value of the note = $1,225

the future value of the time deposit = $950 x (1 + 0.12/365)⁴⁵⁶ = $1,103.62

the note has the highest future value

(2) by comparing the PV of the note with your current bank account, and

PV of note = $1,225 / (1 + 0.12/365)⁴⁵⁶ = $1,054.48 (I used the same interest rate than the time deposit)

present value of your time deposit = $950

the note has the highest present value

(3) by comparing the EAR on the note versus that of the bank account.

EAR of the note using the future value formula:

1,225 = 950 x (1 + r)¹°²⁵

(1 + r)¹°²⁵ = 1,225 / 950 = 1.2895

¹°²⁵√(1 + r)¹°²⁵ = ¹°²⁵√1.2895

1 + r = 1.2255

r = 0.2255 = 22.55%

EAR time deposit = (1 + 0.12/365)³⁶⁵ - 1 = 12.75%

the note's effective annual rate is higher

On average, your firm sells $33,100 of items on credit each day. The average inventory period is 35 days and your operating cycle is 55 days. What is the average accounts receivable balance

Answers

Answer:

The average account receivable balance is $662,000

Explanation:

The computation of the average account receivable balance is shown below:

= Sells items on credit each day × (operating cycle - average inventory period)

= $33,100 × (55 days - 35 days )

= $33,100 × 20 days

= $662,000

hence, the average account receivable balance is $662,000. The same is to be considered

During 2017, its first year of operations as a delivery service, Sarasota Corp. entered into the following transactions.

1. Issued shares of common stock to investors in exchange for $103,000 in cash.
2. Borrowed $45,000 by issuing bonds.
3. Purchased delivery trucks for $61,000 cash.
4. Received $18,000 from customers for services performed.
5. Purchased supplies for $4,900 on account.
6. Paid rent of $5,400.
7. Performed services on account for $12,000.
8. Paid salaries of $26,100.
9. Paid a dividend of $11,200 to shareholders.

Required:
Show the effect of each transaction on the accounting equation.

Answers

Answer:

1.Equity = Increase ($103,000) and Assets = Increase ($103,000)

2.Assets = Increase ($45,000) and Liabilities = Increase ($45,000)

3. Assets = Increase ($61,000) and Liabilities = Increase ($61,000)

4. Equity = Increase ($18,000) and Assets = Increase ($18,000)

5. Assets = Increase ($4,900) and Liabilities = Increase ($4,900)

6. Equity = Decrease ($5,400) and Assets = Decrease ($5,400)

7. Equity = Increase ($12,000) and Assets = Increase ($12,000)

8. Equity = Decrease ($26,100) and Assets = Decrease ($26,100)

9. Equity = Decrease ( $11,200) and Assets = Decrease ( $11,200)

Explanation:

Accounting Equation is written as;

Equity = Assets - Liabilities

So, from each of the transactions given identify the elements Assets, Liability and Equity affected.

This exercise illustrates that poor quality can affect schedules and costs. A manufacturing process has 100 customer orders to fill. Each order requires one component part that is purchased from a supplier. However, typically, 2% of the components are identified as defective, and the components can be assumed to be independent(a) If the manufacturer stocks 100 components, what is the probability that the 100 orders can be filled without reordering components?(b) If the manufacturer stocks 102 components, what is the probability that the 100 orders can be filled without reordering components?(c) If the manufacturer stocks 105 components, what is the probability that the 100 orders can be filled without reordering components?

Answers

Answer:

The probability is 1 out of 67

Explanation:

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