In two hours JustBorn Candies can produce 30,000 Peeps or 90,000 Mike and Ikes or any combination in between.
a. What is the trade-off between Peeps and Mike and Ikes?
i. For every Peep, 9 Mike and Ikes can be produced.
ii. For every Peep, 1/3 Mike and Ike can be produced.
iii. For every Mike and Ike, 3 Peeps can be produced.
iv. For every Peep, 3 Mike and Ikes can be produced.
b. Draw a production possibility curve that reflects this trade-off.
c. Identify the placement of the following points on the production possibility curve.
i. An efficient production point is (Click to select)inside the production possibility curveoutside the production possibility curveon the production possibility curve.
ii. An inefficient production point is (Click to select)on the production possibility curveoutside the production possibility curveinside the production possibility curve.
iii. An impossible point is (Click to select)on the production possibility curveoutside the production possibility curveinside the production possibility curve.
d. Illustrate what would happen if JustBorn candies developed a technology that increased productivity by one third for both products.

Answers

Answer 1

Answer: See explanation

Explanation:

a. For every Peep, 3 Mike and Ikes can be produced

b. Check the attachment

c. An efficient production point is (on the) production possibility curve.

An inefficient production point is (inside) the production possibility curve.

An impossible point is (outside) the production possibility curve.

d. If if JustBorn candies developed a technology that increased productivity by one third for both products, then there will be a shift in the production possibility frontier outwards.

In Two Hours JustBorn Candies Can Produce 30,000 Peeps Or 90,000 Mike And Ikes Or Any Combination In

Related Questions

Feldpausch Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total Activity Assembly $1,372,578 61,800 machine-hours Processing orders $63,235 2,010 orders Inspection $151,316 2,090 inspection-hours The company makes 600 units of product W26B a year, requiring a total of 1,200 machine-hours, 78 orders, and 34 inspection-hours per year. The product's direct materials cost is $49.55 per unit and its direct labor cost is $12.44 per unit. The product sells for $128.70 per unit. According to the activity-based costing system, the product margin for product W26B is:_____.a. $8,458.52.b. $10,920.12.c. $40,026.00.d. $10,912.40.

Answers

Answer:

The correct answer is A.

Explanation:

First, we need to calculate the activities rates:

Assembly= 1,372,578/61,800= $22.21 per machine-hour

Processing orders= 63,235/2,010= $31.46 per order

Inspection= 151,316/2,090= $72.4 per inspection-hour

Now, we allocate costs to W26B:

Assembly= 22.21*1,200= 26,652

Processing orders= 31.46*78= 2,453.88

Inspection= 72.4*34= 2,461.6

Total allocated costs= $31,567.48

Finally, the unitary cost and margin for W26B:

Unitary allocated cost= 31,567.48/600= $52.61

Unitary total cost= 49.55 + 12.44 + 52.61= $114.6

Product margin= 128.7*600 - 114.6*600= $8,460

issued $400,000 of 10-year bonds at a discount. Prior to maturity, when the carrying value of the bonds was $388,000, the company redeemed the bonds at 99. Prepare the entry to record the redemption of the bonds.

Answers

Answer:

Dr Bonds Payable $400,000

Dr Loss on retirement of bonds $12,000

Cr Cash $396,000

Cr Discount on bonds $16,000

Explanation:

Preparation of the journal entry to record the redemption of the bonds.

Dr Bonds Payable $400,000

Dr Loss on retirement of bonds $12,000

($400,000-$388,000)

Cr Cash $396,000

($400,000 *99% = $396,000)

Cr Discount on bonds $16,000

($400,000+$12,000-$396,000)

(To record the redemption of the bonds)

The following are selected accounts and balances for Mergaronite Company and Hill, Inc., as of December 31, 2021. Several of Mergaronite's accounts have been omitted. Credit balances are indicated by parentheses. Dividends were declared and paid in the same period.
Mergaranite Hill $
Revenues (586,000) (252,000)
Cost of goods sold 272,000 92,000
Depreciation expense 108,000 42,000
Investment income NA NA
Retained earnings, 1/1/21 (898,000) (600,000)
Dividends declared 120,000 42,000
Current assets 220,000 694,000
Land 308,000 100,000
Buildings (net) 508,000 152,000
Equipment (net) 152,000 246,000
Liabilities (386,000) (310,000)
Common stock (290,000) (38,000)
Additional paid-in capital $ (60,000) (914,000)
Assume that Mergaronite acquired Hill on January 1, 2017, by issuing 7,200 shares of common stock having a par value of $10 per share but a fair value of $100 each. On January 1, 2017, Hill's land was undervalued by $21,200, its buildings were overvalued by $31,600, and equipment was undervalued by $58,200. The buildings had a 10-year remaining life; the equipment had a 5-year remaining life. A customer list with an appraised value of $106,000 was developed internally by Hill and was estimated to have a 20- year remaining useful life.
a. Determine the December 31, 2021, consolidated totals for the following accounts:
b. In requirement (a), can the consolidated totals be determined without knowing which method the parent used to account for the subsidiary?
c. If the parent uses the equity method, what consolidation entries would be used on a 2021 worksheet?

Answers

Answer:

a-1. Total Revenues = $838,000

a-2. Total Amortization Expense = $5,300

a-3. Total Building = $691,600

a-4. Total Depreciation Expense = $164,800

a-5. Total Additional paid in capital = $60,000

a-6. Total Customer list or Patent = $79,500

a-7. Total Cost of Goods sold = $364,000  

a-8. Total Common Stock = $290,000.

a-9. Total Equipment = 398,000

b, The parent company's method is irrelevant.

c. See part c of the attached excel file for the consolidation entries that would be used on a 2021 worksheet.

Explanation:

Note: This question is not complete as requirement a of the question is not complete. This is therefore provided before answering the question as follows:

a. Determine the December 31, 2021, consolidated totals for the following accounts:

Revenues

Amortization Expense

Building

Depreciation Expense

Additional paid in capital

Customer list

Cost of Goods sold

Common Stock

Equipment

The explanation of the answers is now provided as follows:

a. Determine the December 31, 2021, consolidated totals for the listed accounts.

Note: See part a of the attached excel file for the determination of the total.

b. In requirement (a), can the consolidated totals be determined without knowing which method the parent used to account for the subsidiary?

There are no reciprocal entries required because we are not dealing with the parent's company investment account. Earnings on equity and dividends are not to be adjusted. As a result, the parent company's method is irrelevant.

c. If the parent uses the equity method, what consolidation entries would be used on a 2021 worksheet?

Note: See part c of the attached excel file for the consolidation entries that would be used on a 2021 worksheet.

Consider the location game with nine possible regions at which vendors may locate. Suppose that, rather than the players moving simultaneously and independently, they move sequentially. First, vendor 1 selects a location. Then, after observing the decision of vendor 1, vendor 2 chooses where to locate. Use backward induction to solve this game (and identify the subgame perfect Nash equilibrium). Remember that you need to specify the second vendor’s sequentially optimal strategy (his best move conditional on every different action of vendor 1).

Answers

Solution:

Given :

Location game with 9 possible [tex]\text{regions}[/tex] and other than the players who are moving simultaneously and also independently, but they move in a sequential manner.

Vendor 1 selects a location.

After observing decision of vendor 1, vendor 2 chooses where to locate.

Using backward induction the game is solved as below :

--  [tex]\text{a retrogressive acceptance harmony of the division}[/tex] will be a Nash equilibrium.

-- Presently [tex]\text{ if applicant 1}[/tex] (vendor 1) picks first then he will likewise get the chance to pick last as this another move amusement.

-- In the end of the game, vendor 1 will have claimed five regions and candidate 2 (vendor 2) will have claimed four regions.

-- So vendor 2 will keep this in mind and apply backward induction and choose the best regions early on the game.

-- Vendor 2 will keep in mind that vendor 1 will choose last and will ensure that his choices take up the best locations first.

--- This will be his ideal technique for each activity of vendor 1.

Hence this is the Nash equilibrium.

Before you started applying for college, a job recruiter offered you a full-time cashier position at a department store, earning an after-tax salary of $21,000 per year. However, you turn down this offer and attend your first year of college. The additional monetary cost of college to you, including tuition, supplies, and additional housing expenses, is $32,000. You decide to go to college, probably because:______.
A. You value a year of college at $22,000.B. You value a year id college of $34,000.C. You value a year of college less than $34,000.D. You value a year of college at more than $56,000.

Answers

Answer:

Option D (You value..........$56,000) is the right response.

Explanation:

The overall expenditure of taking part throughout the school for the very first year would be the amount of such loss of university income as well as extra cash.Whenever you anticipate receiving stronger employment wages from university education, therefore during the 1st year that you estimate upwards of expenditure of $53,000 for higher learning.

Other options aren't linked to the specific circumstance. Thus, the response seems to be the right one.

Oi boa tarde , onde consigo um curso online de aprimoramento de laticinios

Answers

Explanation:

aqui neste APP...............

please help me this question answer
Explain 2 benefits to Hamdi of being the sole owner of the company?

Answers

Answer:

freedom of choice

no dispute or conflict

no need to share profit

own boss

Explanation:

Some of your senior employees have started changing important information in a new call script. Newer employees have noticed, and some have started doing the same. What would you do? Select all that apply.
A Allow the senior employees to go off script since they have more experience
B Practice using the new script during your weekday team meeting
C Discipline those who don't follow the script
D Give written warnings to the senior employees
E Require all of the newer employees attend additional training​

Answers

the answer is b,c and e

Give written warnings to the senior employees

Dandy Candy bought a delivery vehicle for $45,000 by issuing an 8% installment note on January 1, 2021. Dandy will make 12 monthly payments of $3,914.50 at the end of each month.
Cash Reduction of Note
Period Payment Interest Exp Note Payable Payable
(Credit) (Debit) (Debit) Balance
At issue --- --- --- $45,000.00
01/31/21 $3,914.50 $300.00 $3,614.50 41,385.50
02/28/21 3,914.50 ? ? ?
03/31/21 3,914.50 ? ? ?
04/30/21 3,914.50 ? ? ?
05/31/21 3,914.50 ? 3,711.85 26,684.93
Required:
Using the partially completed amortization table above, prepare the journal entries for the end of March and the end of April.

Answers

Answer:

Dandy Candy

Journal Entries for the end of March and April:

03/31/21     Debit Note Payable $3,662.85

                  Debit Interest Expense $251.65

                  Credit Cash $3,914.50

To record payment of interest and note payable on March 31, 2021.

04/30/21     Debit Note Payable $3,687.27

                  Debit Interest Expense $227.23

                  Credit Cash $3,914.50

To record payment of interest and note payable on April 30, 2021.

Explanation:

a) Data and Calculations:

Cost of delivery vehicle = $45,000

Note Payable = $45,000

Interest rate on note = 8%

Date of issue of note = January 1, 2021

Monthly payments required = $3,914.50 for 12 months

Amortization Table

                    Cash                           Reduction of     Note

Period        Payment  Interest Exp Note Payable   Payable

                   (Credit)        (Debit)          (Debit)          Balance

At issue              ---           ---                ---           $45,000.00

01/31/21     $3,914.50  $300.00    $3,614.50       41,385.50

02/28/21     3,914.50      ?                 ?                   ?

03/31/21      3,914.50      ?                 ?                   ?

04/30/21     3,914.50      ?                 ?                   ?

05/31/21     3,914.50      ?                3,711.85       26,684.93

Amortization Table

                    Cash                           Reduction of     Note

Period        Payment  Interest Exp Note Payable   Payable

                   (Credit)        (Debit)          (Debit)          Balance

At issue              ---           ---                ---           $45,000.00

01/31/21     $3,914.50  $300.00    $3,614.50       41,385.50

02/28/21     3,914.50     275.90     3,638.50       37,746.90

03/31/21      3,914.50     251.65     3,662.85       34,084.05

04/30/21     3,914.50    227.23      3,687.27       30,396.78

05/31/21     3,914.50    202.65       3,711.85        26,684.93

15 . A company's flexible budget for 12,000 units of production showed sales, $48,000; variable costs, $18,000; and fixed costs, $16,000. The net income you would expect the company to earn if it produces and sells 15,000 units is:

Answers

Answer:

$21,500

Explanation:

Particulars                Amount       Per Unit    15000 Units

Sales                        48,000.00      4.00          60,000

Less: Variable Cost 18,000.00       1.50           22,500

Contribution             30,000.00     2.50          37,500

Less: Fixed Cost      16,000.00                       16,000

Net Income              $14,000                         $21,500

So, the net income you would expect the company to earn if it produces and sells 15,000 units is $21,500.

A corporation must obtain shareholder approval before the company a. hires or fires a significant number of employees. b. expands into foreign markets. c. sells off a major portion of its business to another company. d. opens additional offices.

Answers

Answer:

c. sells off a major portion of its business to another company.

Explanation:

The corporation that should obtain the approval of the shareholder prior when the business major portion is sell off to the another company as it is very crucial decision taken by the company. It cant be taken without the approval of the shareholder as they are the original investors of the company

So as per the given situation, the option c is correct

If the government levies a $1,000 tax per boat on sellers of boats, then the price paid by buyers of boats would a. increase by less than $1,000. b. decrease by an indeterminate amount. c. increase by more than $1,000. d. increase by exactly $1,000.

Answers

Answer: increase by less than $1000.

Explanation:

It should be noted that when the government levies a $1,000 tax per boat on sellers of boats, then this will lead to the supply curve shifting upward by $1000.

Due to the tax imposed, there'll be an increase in the price that a buyer will pay for the boat. In this case, the buyer and the seller will share the burden of the tax. Hence, there'll be na increase in the price for the boat by less than $1000.

Có tài liệu về tài sản cố định (TSCĐ) trong tháng 5/2021 của công ty B như sau:
Ngày 1/5 6/5 12/5 15/5 20/5 31/5
Số lượng TSCĐ (cái) 600 750 800 550 700 860
Tính số lượng TSCĐ bình quân của doanh nghiệp B trong tháng 5? Trong nửa đầu tháng 5 (từ ngày 1 đến ngày 15), trong nửa cuối tháng 5 (từ ngày 16 đến ngày 31), trong 15 ngày cuối tháng 5 (từ ngày 17 đến ngày 31)? Cho nhận xét sơ bộ về thực trạng sử dụng TSCĐ của công ty, từ đó đề xuất một số biện pháp sử dụng hiệu quả TSCĐ cho công ty?

Answers

Answer

Explanation:

Có tài liệu về tài sản cố định (TSCĐ) trong tháng 5/2021 của công ty B như sau:

Ngày 1/5 6/5 12/5 15/5 20/5 31/5

Số lượng TSCĐ (cái) 600 750 800 550 700 860

Tính số lượng TSCĐ bình quân của doanh nghiệp B trong tháng 5? Trong nửa đầu tháng 5 (từ ngày 1 đến ngày 15), trong nửa cuối tháng 5 (từ ngày 16 đến ngày 31), trong 15 ngày cuối tháng 5 (từ ngày 17 đến ngày 31)? Cho nhận xét sơ bộ về thực trạng sử dụng TSCĐ của công ty, từ đó đề xuất một số biện pháp sử dụng hiệu quả TSCĐ cho công ty?

Computing net invoice amounts LO P1Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period.Merchandise(gross) Terms Paymenta. $7,800 2/10, n/60 b. 24.200 1/15, EOM c. 80,600 1/10, n/30 d. 17,000 3/15, n/45

Answers

Answer:

Computation of Net Invoice Amounts to be Paid:

Merchandise(gross)  Terms Payment    Discounts             Net Invoice $

a. $7,800                   2/10, n/60             $156 ($7,800*2%)       $7,644

b. 24.200                  1/15, EOM               242 ($24,200*1%)      23,958

c. 80,600                  1/10, n/30               806 ($80,600*1%)       79,794

d. 17,000                  3/15, n/45               510 ($17,000*3%)        16,490

Explanation:

a) Data:

Merchandise(gross)  Terms Payment

a. $7,800                       2/10, n/60

b. 24.200                       1/15, EOM

c. 80,600                       1/10, n/30

d. 17,000                       3/15, n/45

Calculations:

Merchandise(gross)  Terms Payment    Discounts             Net Invoice $

a. $7,800                   2/10, n/60             $156 ($7,800*2%)       $7,644

b. 24.200                  1/15, EOM               242 ($24,200*1%)      23,958

c. 80,600                  1/10, n/30               806 ($80,600*1%)       79,794

d. 17,000                  3/15, n/45               510 ($17,000*3%)        16,490

The amount that should be paid for each of the four separate invoices should be

a. $7,644

b. $23,958

c. $79,794

d. $16,490

Calculation of the amount:

Merchandise(gross)  Terms Payment    Discounts             Net Invoice $

a. $7,800                   2/10, n/60             $156 ($7,800*2%)       $7,644

b. 24.200                  1/15, EOM               242 ($24,200*1%)      23,958

c. 80,600                  1/10, n/30               806 ($80,600*1%)       79,794

d. 17,000                  3/15, n/45               510 ($17,000*3%)        16,490

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Medication is the most common treatment for seizure disorders.

Answers

That is true shordy
Medicine is probably one of the only ways without surgery

Every three years, the Writers Guild of America renegotiates a Minimum Basic Agreement (MBA) with the Alliance of Motion Picture and Television Producers (AMPTP). The MBA includes agreements on basic compensation, salaries, royalties, etc., and ownership of original written material. In the fall of 2007, the Writers Guild and AMPTP were embroiled in an intense negotiation, mainly disagreeing on how writers are compensated for digital media work such as web series and online‑only content. The given payoff matrix contains the strategies and outcomes of each party in the negotiation. They could either compromise (C) or hold firm (HF) on their issues. If both parties hold firm, the Writers Guild will go on strike. The first number in each box is the Writers Guild's payoff and the second number is AMPTP's payoff. Assume that strategies are chosen independently and simultaneously.

AMPTP
Hold firm Compromise
Writers Guild Hold firm 0 , 0 10 , 3
Compromise 3 , 10 5 , 5

Required:
a. What are the Nash equilibria?
b. Writers Guild holds firm and AMPTP holds firm
c. Writers Guild compromises and AMPTP compromises
d. Writers Guild holds firm and AMPTP compromises
e. Writers Guild compromises and AMPTP holds firm

Answers

Answer:

Explanation:

A) Nash equilibria are: (Writers Guild Holds firm & AMPTP Compromises) & (AMPTP Holds firm & Writers Guild Compromises)

B) When AMPTP Holds firm, Writer's Guild's best strategy is Compromise since payoff is higher (3 > 0).

C) When AMPTP Compromises, Writer's Guild's best strategy is to Hold firm since payoff is higher (10 > 5).

D) When Writer's Guild Holds firm, AMPTP's best strategy is Compromise since payoff is higher (3 > 0).

E) When Writer's Guild Compromises, AMPTP's best strategy is Hold firm since payoff is higher (10 > 5).

This is the example of Chicken games theories.

Compromise is the greatest approach for Guild while AMPTP holds strong since the payout is bigger (3 > 0).

Guild's best tactic when AMPTP sacrifices is to hold tough because the payout is bigger (10 > 5).

Compromise is the greatest tactic for AMPTP when Guild Stands Firm since the payout is bigger (3 > 0).

When the Guild Compromises, the optimal approach for AMPTP is to Hold fast because the payout is bigger (10 > 5).

Writers Guild Maintains firm & AMPTP Concessions and AMPTP Maintains firm & Writers Guild Concessions are Nash equilibria.

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A company started the year with $1,500 of supplies on hand. During the year the company purchased additional supplies of $800 and recorded them as increase to the supplies asset. At the end of the year the company determined that only $300 of supplies are still on hand. What is the adjusting journal entry to be made at the end of the period

Answers

Answer:

Debit : Supplies Expense $2,000

Credit : Supplies  $2,000

Explanation:

The adjusting journal entry to be made at the end of the period should reflect the usage of supplies.

Supplies used = Opening Balance + Purchases - Inventory Balance

therefore,

Supplies used = $1,500 + $800 - $300

                        = $2,000

A Debit to Expense Account - Supplies Expense and A  Credit to Asset Account - Supplies must be made to depict the usage of supplies.

Forecast for July, using a 4-period weighted moving average. Assume the following weights: 0.4; 0.3; 0.2; and 0.1

Month Actual Demand
January 480
February 520
March 535
April 550
May 590
June 630

a. More than 0 but less than or equal to 500
b. More than 500 but less than or equal to 545
c. More than 545 but less than or equal to 600
d. More than 600 but less than or equal to 650
e. None of the choices are correct

Answers

Answer:

c. More than 545 but less than or equal to 600

Explanation:

The computation is shown below:

Forecast for July is

= 0.4 × June + 0.3 × May + 0.2 × April + 0.1 × Mar

= 0.4 × 630 + 0.3 × 590 + 0.2 × 550 + 0.1 × 535

= 592.5

So, it is more than 545 but lower than or equal to 600

Therefore the option c is correct

As of December 31, 2019, Nilsen Industries had $2,000 of raw materials inventory. At the beginning of 2019, there was $1,600 of materials on hand. During the year, the company purchased $354,000 of materials; however it paid for only $314,000. How much inventory was requisitioned for use on jobs during 2019? a. $354,400b. $344,400c. $343,600d. $353,600

Answers

Answer:

d. $353,600

Explanation:

The computation of the inventory  requisitioned for use on jobs during 2019 is shown below;

= OPening inventory + purchase made - ending inventory

= $1,600 + $354,000 - $2,000

= $353,600

Hence, the  inventory  requisitioned for use on jobs during 2019 is $353,600

Therefore the option d is correct

Crane Company receives a $74,000, 5-year note bearing interest of 5% (paid annually) from a customer at a time when the discount rate is 6%.

Required:
What is the present value of the note received by Crane?

Answers

Answer: $70,882.98

Explanation:

Present value of note = Present value of interest payments + Present value of face value

Present value of interest payment:

First calculate the interest:

= 5% * 74,000

= $3,700

This amount is constant so is an annuity

Present value = 3,700 * Present value interest factor of annuity, 5 years, 6%

= 3,700 * 4.2124

= $15,585.88

Present value of face value :

= 74,000 / (1 + 6%)⁵

= $55,297.10

Present value of note:

= 15,585.88 + 55,297.10

= $70,882.98

Clearing House Interbank Payment System (CHIPS) is an organization that provides secure communication for contracts, invoices, and other trade documents that normally accompany cash payments. false

Answers

Answer:

the spleen

Explanation:

why is that 0.8 in fractional form is 8/10​

Answers

Answer:

Decimal placement

Explanation:

It is 8/10 because, in the decimal 0.8 , the 8 is in the tenths place. If it was 0.08 the fraction would be 8/100 and so on and so forth.

Horizontal integration has four sources of value creation: reduction in competitive intensity, lower costs, increased differentiation, and access to new markets and distribution channels.

a. True
b. False

Answers

Answer:

a. True

Explanation:

Horizontal integration is the competitive strategy in which the business entities operated at the value chain. Here the value is created in four sources like competitive industry, lesser cost, increased differentiation, and access to the new market & distribution channels.

Hence, the given statement is true

Journalize the entries to record the following transactions for Zentric Corporation. Refer to the Chart of Accounts for exact wording of account titles. Jan. 22 Issued for cash 180,000 shares of no-par common stock at $4. Feb. 14 Issued at par value 44,000 shares of preferred 2% stock, $55 par for cash. Aug. 30 Issued for cash 9,000 shares of preferred 2% stock, $55 par at $60.

Answers

Answer:

Jan 22

Dr Cash $720,000

Cr Common stock $720,000

Feb 14

Dr Cash $2,420,000

Cr Preferred stock $2,420,000

30

Dr Cash $540,000

Cr Preferred stock $495,000

Cr Paid in capital in excess of par-Preferred stock $45,000

Explanation:

Preparation of the journal entries

Jan 22

Dr Cash $720,000

Cr Common stock $720,000

(180,000 shares * $4)

Feb 14

Dr Cash $2,420,000

Cr Preferred stock $2,420,000

(44,000 shares * $55)

30

Dr Cash $540,000

(9,000 shares * $60)

Cr Preferred stock $495,000

(9,000 shares * $55)

Cr Paid in capital in excess of par-Preferred stock $45,000

[9,000 shares *($60- $55) ]

Ecco Company sold $145,000 of kitchen appliances with six-month warranties during September. The cost to repair defects under the warranty is estimated at 9% of the sales price. On October 15, a customer required a $100 part replacement, plus $86 labor under the warranty.

Required:
Provide the journal entry for (a) the estimated expense on September 30 and (b) the & October 15 warranty work.

Answers

Answer:

A. Dr Product warranty expense $13,050

Cr Product warranty payable $13,050

B. Dr Product warranty payable $186

Cr Supplies $100

Cr Wages payable $86

Explanation:

A. Preparation of the journal entry for the estimated expense on September 30

September 30

Dr Product warranty expense $13,050

Cr Product warranty payable $13,050

(145,000*9%)

(To record estimated expense)

B. Preparation of the journal entry for the October 15 warranty work.

October 15

Dr Product warranty payable $186

($100+$86)

Cr Supplies $100

Cr Wages payable $86

(To record warranty work)

Statement of Cash Flows—Indirect Method
The following balances are available for Chrisman Company:
December 31
2017 2016
Cash $9,700 $12,100
Accounts receivable 24,300 18,200
Inventory 19,300 32,200
Prepaid rent 10,900 7,300
Land 90,900 90,900
Plant and equipment 485,000 363,800
Accumulated depreciation (78,800) (36,400)
Totals $561,300 $488,100
Accounts payable $14,600 $12,100
Income taxes payable 3,600 6,100
Short-term notes payable 42,400 30,300
Bonds payable 91,000 121,000
Common stock 242,500 181,900
Retained earnings 167,200 136,700
Totals $561,300 $488,100
Bonds were retired during 2017 at face value, plant and equipment were acquired for cash, and common stock was issued for cash. Depreciation expense for the year was $42,400. Net income was reported at $30,500.
Required:
Prepare a statement of cash flows for 2017 using the indirect method in the Operating Activities section. Use the minus sign to indicate cash payments, cash outflows, or decreases in cash.

Answers

Answer and Explanation:

The preparation of the cash flow statement using the indirect method is as follows;

Cash flows from operating activities

Net Income  $30,500.00  

Add: Depreciation $42,400.00  

Less: Decrease in income taxes payable ($2,500.00)  

Less: Increase in AR ($6,100.00)  

Add: Decrease in inventory  $12,900.00  

Less: Increase in prepaid rent ($3,600.00)  

Add: Increase in AP $2,500.00  

Add: Increase in short term notes payable  $12,100.00  

Net Cash flow from operating activities $88,200.00

Cash flow from Investing activities  

Purchase of PPE ($121,200.00)  

Net Cash flow from Investing activities ($121,200.00)

Cash flow from Financing activities  

Redemption of Bonds   ($30,000.00)  

Issue of Stock  $60,600.00  

Net Cash flow from Financing activities $30,600.00

Increase or decrease in cash -$2,400

Add: Opening cash and cash equivalents $12,100.00

Closing cash and cash equivalents $9,700.00

You just inherited a trust that will pay you $100,000 per year in perpetuity. However, the first payment will not occur for exactly five more years. Assuming a 10% annual interest rate, what is the value of this trust?

Answers

Answer:

PV= $620,921.32

Explanation:

Giving the following information:

Cash flow (Cf)= $100,000

Interest rate (i)= 7.25%

First, we need to calculate the value of the investment at the moment of the first payment (five years from now). To calculate the present value we need to use the following formula:

PV= Cf / i

PV= 100,000 / 0.1

PV= $1,000,000

Now, the value today:

PV= FV / (1 + i)^n

PV= 1,000,000 / (1.1^5)

PV= $620,921.32

Use the selected data from Pinecrest Company's financial statements to answer the following question. 2018 2017 Cash $ 22,000 $ 14,000 Accounts receivable 42,000 16,000 Merchandise inventory 22,000 83,000 Prepaid expenses 23,000 18,000 Total current assets $109,000 $131,000 Total current liabilities $ 65,000 $ 72,000 Net credit sales 221,000 326,000 Cost of goods sold 168,000 299,000 Net cash flow from operating activities 16,000 29,000 Refer to the data for Pinecrest Company. The current ratio for 2018 is

Answers

Answer:

1.68

Explanation:

Calculation to determine what The current ratio for 2018 is

Using this formula

Current ratio=Current assets/Current liabilities

Let plug in the formula

Current ratio=$109,000/$65,000

Current ratio= 1.68

Therefore The current ratio for 2018 is 1.68

An actual agency that arises by deduction or inferences from other facts and circumstances, including the words and conduct of the parties, best describes __________

Answers

Answer:

The correct answer is " Implied agency/ostensible".

Explanation:

An effective power implicitly granted by that of the principle to its agent has demonstrated or derived from some kind of relationship across the accused principle as well as the agency, would be considered as Implied agency.The connection between 2 organizations allows individuals might assume that one of those would be a separate operator, as well as inversely, is a ostensible agency.

1. A company experiences annual demand of 1,000 units for an item that it purchases. The rate of demand per day is very stable, with very little variation from day to day. The item costs $50 to purchase. Ordering costs are $40 and the carrying cost is 25% of the cost of the item. a. How much should the company buy each time an order is placed? b. What is the associated total annual cost (TAC) considering purchase, holding and ordering?

Answers

Answer:

EOQ = 80

TAC = 50512.5

Explanation:

Below is the calculation:

Annual Demand = 1000 units

Ordering cost = $40

Holding cost = 25% of 50 = 12.5

Cost per unit = 50

EOQ = SQRT(2 x DEMAND x ORDERING COST / HOLDING COST)

= SQRT(2 x 1000 x 40 / 12.5)

= 80

Number of orders = 1000 / 80 = 12.5

Total annual cost = (50 x 1000) + 12.5 x 40 + 12.5

Total annual cost = 50512.5

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