Who designed the Parthenon?

Answers

Answer 1
It was built by the architects Ictinus and Callicrates.

Related Questions

Payback period computation; even cash flows LO P1
Compute the payback period for each of these two separate investments:
a. A new operating system for an existing machine is expected to cost $520,000 and have a useful life of six years. The system yields an incremental after-tax income of $150,000 each year after deducting its straight-line depreciation. The predicted salvage value of the system is $10,000.
b. A machine costs $380,000, has a $20,000 salvage value, is expected to last eight years, and will generate an after-tax income of $60,000 per year after straight-line depreciation.
Payback period
Choose Numerator: / Choose Denominator: = Payback period
/ = Payback period
a. =
b. =

Answers

Answer:

$520,000 / $235,000 = 2.2 years

$380,000 / $105,000 = 3.6 years

Explanation:

Payback period calculates how long it takes to recover the amount invested in a project from its cumulative cash flows

Payback period = amount invested / cash flow

Cash flow = net income + depreciation expense

Depreciation expense using the straight line depreciation expense = (cost of asset - salvage value) / number of years

A. ($520,000 - $10,000) / 6 = $85,000

cash flow = $150,000 + $85,000 = $235,000

$520,000 / $235,000 = 2.2 years

B. ($380,000 - $20,000) / 8 = $45,000

$45,000 +  $60,000 = $105,000

$380,000 / $105,000 = 3.6 years

Rearrange the following steps in the accounting cycle in proper sequence: a. A post-closing trial balance is prepared. 3 b. Adjustment data are asssembled and analyzed. c. Adjusting entries are journalized and posted to the ledger. d. An adjusted trial balance is prepared. e. An optional end-of-period spreadsheet is prepared. f. An unadjusted trial balance is prepared. g. Closing entries are journalized and posted to the ledger. h. Financial statements are prepared. i. Transactions are analyzed and recorded in the journal. j. Transactions are posted to the ledger.

Answers

Answer:

The Accounting Cycle of a Business refers to the entire process of accounting for the transactions in the business from the moment the company begins a new transaction to the end of the period where it is aggregated into other accounts and presented to relevant stakeholders.

There are 10 steps to this cycle and they are;

Transactions are analyzed and recorded in the journal. Transactions are posted to the ledger An unadjusted trial balance is prepared Adjustment data are assembled and analyzed An optional end-of-period spreadsheet is preparedAdjusting entries are journalized and posted to the ledger An adjusted trial balance is prepared Financial statements are prepared Closing entries are journalized and posted to the ledger A post-closing trial balance is prepared

i ⇒ j ⇒ f ⇒ b ⇒ e ⇒ c ⇒ d ⇒ h ⇒ g ⇒ a

In 2013, Space Technology Company modified its model Z2 satellite to incorporate a new communication device. The company made the following expenditures:
Basic research to develop the technology $ 2,000,000
Engineering design work 680,000
Development of a prototype device 300,000
Acquisition of equipment 60,000
Testing and modification of the prototype 200,000
Legal and other fees for patent application on the new
communication system 40,000
Legal fees for successful defense of the new patent 20,000
Total $ 3,300,000
The equipment will be used on this and other research projects. Depreciation on the equipment for 2013 is $10,000.
During your year-end review of the accounts related to intangibles, you discover that the company has capitalized all of the above as costs of the patent. Management contends that the device simply represents an improvement of the existing communication system of the satellite and, therefore, should be capitalized.
Required:
Prepare correcting entries that reflect the appropriate treatment of the expenditures.
1. Record the correcting entry to expense R&D costs incorrectly capitalized
2. Record the correcting entry to capitalize the cost of equipment incorrectly capitalized as a patent.
3. Record the correcting entry to record depreciation on equipment used in R&D projects.

Answers

Answer:

1. Dec 31

Dr Research and Development Expense $3,180,000

Cr 2013 Patent $3,180,000

2. Dec 31

Dr Equipment $60,000

Cr 2013 Patent $60,000

3. Dec 31

Dr Research and Development Expense $10,000

Cr 2013 Accumulated Depreciation - Equipment $10,000

Explanation:

1. Preparation of the Journal entry to Record the correcting entry to expense R&D costs incorrectly capitalized

Dec 31

Dr Research and Development Expense $3,180,000

Cr 2013 Patent $3,180,000

(To record research and development expense )

Calculation for the Total of research and development expense

Basic research to develop the technology $2,000,000

Engineering design work $680,000

Development of a prototype device $300,000

Testing and modification of the prototype $200,000

Total research and development expense $3,180,000

2. Preparation of the journal entry to Record the correcting entry to capitalize the cost of equipment incorrectly capitalized as a patent.

Dec 31

Dr Equipment $60,000

Cr 2013 Patent $60,000

(To correct cost of equipment capitalized to patent)

3. Preparation of the Journal entry to Record the correcting entry to record depreciation on equipment used in R&D projects.

Dec 31

Dr Research and Development Expense $10,000

Cr 2013 Accumulated Depreciation - Equipment $10,000

(To record research and development expense)

Donald owns a two-family home. He rents out the first floor and resides on the second floor. The following expenses attributable to the total building were incurred by Donald for the year ended December 31, 2016. Real estate taxes $1,800 Mortgage interest $1,200 Utilities $1,000 Repairs (first floor) $ 300 Painting (second floor) $ 400 In addition, the depreciation attributable to the entire building would be $2,000. What is the total amount of the expenses that Donald can deduct on Schedule E of Form 1040 (before any limitations)

Answers

Answer:

$3,300

Explanation:

Calculation for the total amount of the expenses that Donald can deduct

Total amount of expenses=Repairs (first floor) $ 300+50%*($1,800 Real estate taxes+ Mortgage interest $1,200 +Utilities $1,000+Depreciation $2,000

Total amount of expenses=Repairs (first floor) $ 300+0.5*(6,000)

Total amount of expenses=Repairs (first floor) $ 300+3,000

Total amount of expenses=$3,300

Therefore the total amount of the expenses that Donald can deduct will be $3,300

Leo Consulting enters into a contract with Highgate University to restructure Highgate’s processes for purchasing goods from suppliers. The contract states that Leo will earn a fixed fee of $25,000 and earn an additional $10,000 if Highgate achieves $100,000 of cost savings. Leo estimates a 50% chance that Highgate will achieve $100,000 of cost savings. Assuming that Leo determines the transaction price as the expected value of expected consideration, what transaction price will Leo estimate for this contract?

Answers

Answer:

The transaction price would Leo estimated for this contract is $30,000

Explanation:

The computation of the transaction price is shown below:

= (Fixed fee + additional amount) × chance + fixed fee × chance

= $35,000 × 50% + $25,000 × 50%

= $17,500 + $12,500

= $30,000

hence, the transaction price would Leo estimated for this contract is $30,000

We simply applied the above formula so that the correct answer could come

Use the below information to answer the following question.
Income Statement
For the Year
Net sales $631,000
COGS 442,220
Depreciation 28,100
EBIT $160,700
Interest 14,900
Taxable income $145,800
Taxes 49,600
Net income 96,200
Balance Sheet
Beginning of Year End of Year
Cash $ 38,200 $43,700
Accounts receivable91,400 86,150
Inventory 203,900 214,600
Net fixed assets 516,100 537,950
Total assets 849,600 $882,400
Accounts payable $136,100 104,300
Long-term debt 329,500 298,200
Common stock ($1 par value)75,000 82,000
Retained earnings 309,000 397,900
Total Liab. & Equity $849,600 882,400
What is the quick ratio at the end of the year?
How many days of sales are in receivables at year-end?
What is the price-sales ratio if the market price is $43.20 per share? (Use end-of-year values)?
What is debt-equity ratio at year-end?
What is the return on equity using year-end values?
What is the amount of the dividends paid during the year?
What is the amount of the cash flow from investment activity for the year?
What is the net working capital to total assets ratio at year-end?
How many dollars of sales are being generated from every dollar of net fixed assets? (Use year-end values)?
What is the times interest earned ratio for the year?
What is the net cash flow to stockholders for the year?


Answers

Answer:

Follows are the solution to the given point:

Explanation:

The formula for calculating the Quick Ratio:

[tex]\text{Quick Ratio} = \frac{\text{Quick Assets}}{\text{Current Liabilities}}[/tex]

                    [tex]= \frac{43700+86150}{104300}\\\\=\frac{ 129850}{104300} \\\\= 1.24[/tex]

[tex]\text{Sales days Receivable at end of year} = (\frac{\text{Account receivables at the end}}{\text{Gross sales by loan}} ) \times \text{number of days}[/tex]                                                         [tex]= \frac{86150}{631000} \times 365 \\\\ = 49.833 \\\\ = 50\ days[/tex]

[tex]\text{Sales price ratio} = \frac{\text{Sales per share price}}{\text{ Sales Share price}}[/tex]

                         [tex]=\frac{43.20}{\frac{63100}{82000}}\\\\ = \frac{43.20}{0.769}\\\\ = 5.61[/tex]

[tex]\text{total equity Debt} = \frac{ \text{Complete Liabilities}}{\text{Stockholders}}[/tex]

                           [tex]= \frac{882400}{(397900+82000)}\\\\ = \frac{882400}{(479,900)}\\\\ = \frac{882400}{(479,900)}\\\\= 1.838[/tex]

[tex]\text{Equity Return} = \frac{\text{Net Sales}}{\text{Equity of Shareholder}} \times 100[/tex]

                           [tex]= \frac{96200}{(82000+397900)} \times 100 \\\\ = \frac{96200}{(479900)} \times 100 \\\\= 0.2004 \times 100\\\\= 200.4 \ \%[/tex]

Dividends received throughout the year = Restored earnings opening + Net Sales -Closing of restored profits

                                              [tex]= 309000 + 96200 - 397900 \\\\= 7300[/tex]

Spaceley’s Sprockets has just developed a new product. George Jetson, the Head of Product Development, feels that the product is a winner, but he also feels it would be an even better product if waited six more months for further development before launching. Unfortunately, Spaceley’s closest competitor, Cogsley Cogs, has a similar product in the development pipeline. George feels that if he launches the product now to get a head start on Cogsley, he has a 50% chance of achieving a high level of sales, a 30% chance of a medium level of sales, and a 20% chance of a low level of sales. If he waits, he has a 30% chance of a high level of sales, and a 70% chance of a medium level of sales, with no chance of a low level of sales. High sales represents 100,000 units, medium sales represents 65,000 units, and low sales represents 10,000 units. If his objective is to maximize his expected number of units sold, what should George do and how many units would he be expected to sell

Answers

Answer:

George should  wait for six more months for further development before launching.

Total units expected to be sold by this time is 75500 units

Explanation:

when launched early

Spaceley has : 50% of high level sale, 30% chance of medium level sale

20% chance of low level sale

When launched late

Spaceley has : 30% of high level sale, 70% of medium level sale, o% of low level sale

while

High sales = 100000

Medium sale = 65000

low level sale = 10000

A) when launched early

50% * 100000 = 50000

30% * 65000 =   19500

20% * 10000 =   2000  

Total sales = 71500 units

B) when launched  after 6 months

30% * 100000 = 30000

70% * 65000 =  45500

Total sales = 75500 units

George should  wait for six more months for further development before launching.

Total units expected to be sold by this time is 75500 units

Meyer & Smith is a full-service technology company. They provide equipment, installation services as well as training. Customers can purchase any product or service separately or as a bundled package. Container Corporation purchased computer equipment, installation and training for a total cost of $144,000 on March 15, 2021. Estimated standalone fair values of the equipment, installation, and training are $90,000, $60,000, and $30,000 respectively. Determine The transaction price allocated to equipment is The transaction price allocated to installation is The transaction price allocated to training is Express your answer as an integer without $ sign (Round all computations to the nearest dollar. For example, input "100,000" if your answer is $100,000.22).

Answers

Answer & Explanation:

If the services were sold separately, their total cost would be;

= 90,000 + 60,000 + 30,000

= $180,000

They were instead bundled together and sold for $144,000

The cost of the individual services will therefore be a proportion of this bundled price based on their proportion were they sold alone.

The transaction price allocated to equipment;

= (90,000/180,000) * 144,000

= $72,000

The transaction price allocated to installation;

= (60,000/180,000) * 144,000

= $48,000

The transaction price allocated to training;

= (30,000/180,000) * 144,000

= $24,000

You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of .6 percent per year, compounded monthly for the first six months, increasing thereafter to 17.5 percent compounded monthly. Assume you transfer the $6,500 balance from your existing credit card and make no subsequent payments. How much interest will you owe at the end of the first year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

Answer:

Total interest paid = $606.63

Explanation:

First calculate the monthly payment for first six months

Monthly interest for first 6 months =.006/12=.0005

= 6500*(1.0005)^6

=6519.52

Interest rate for next six months

=17.37%/12=1.45%

(1.0145)^6=1.090054

=6519.52*(1+.0145)^6

=7106.63

Total interest paid = 7106.63-6500  

Total interest paid = 606.63

Which comment is someone who has a conventional personality type likely to make?
"Don't tell me, show me."
"Just do it."
O "How can I help?"
"Status is important to me."
O " express myself, therefore I am."

Answers

Hi there! It’s gonna be “Don’t tell me, show me” it shows more personality

Answer:

"how can i help"

Explanation:

customer service

Which of the following provides the correct sequence in the marketing research process? 1. defining the problem, analyzing the situation, getting problem-specific data, interpreting the data, solving the problem 2. analyzing the situation, defining the problem, getting problem-specific data, interpreting the data, solving the problem 3. getting problem-specific data, interpreting the data, defining the problem, solving the problem, analyzing the situation 4. analyzing the situation, getting problem-specific data, interpreting the data, defining the problem, solving the problem 5. getting problem-specific data, interpreting the data, analyzing the situation, defining the problem, solving the problem

Answers

Answer:

Marketing Research Process

The correct sequence is:

1. defining the problem, analyzing the situation, getting problem-specific data, interpreting the data, solving the problem

Explanation:

A good market research process requires a clear definition of the research problem.  This definition is required to focus the research efforts on the identified problem.

Secondly, the situation must be analyzed to enable the development of a good marketing  plan, which is the fulcrum of the research.

The third stage is the collection of relevant data that are problem-specific because only relevant data can solve the research questions.

At the fourth stage, the carefully selected and collected data are then analyzed and interpreted in order to create understanding of the issues and help point to solutions based on findings.

Finally, the need to put the identified solutions into action becomes imperative.  Information discovered during the research must be put into action to resolve the problem.

Hey guys i dont know who to vote for plz give me suggestions and reasons why

Answers

Answer:

me ig im just trying to get more points and brainliest

Explanation:

also im nice :) when people are not rude to me

Thome and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2020). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided below. Department Quarter 1 Quarter 2 Quarter 3 Quarter 4 Auditing 2,450 1,840 2,330 2,710 Tax 3,130 2,650 2,300 2,800 Consulting 1,640 1,640 1,640 1,640 Average hourly billing rates are auditing $84, tax $94, and consulting $105. Prepare the service revenue (sales) budget for 2020 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue.

Answers

Answer and Explanation:

The Preparation of service revenue is prepared below:-

For Quarter 1    

                   Billable Hours      Billable rate          Total

Auditing        2,450                    84                     205,800

Tax                 3,130                    94                      294,220

Consulting     1,640                   105                     172,200

Total                                                                     672,220

For Quarter 2    

                    Billable Hours    Billable rate          Total

Auditing          1,840                   84                     154,560

Tax                  2,650                  94                     249,100

Consulting      1,640                  105                     172,200

Total                                                                      575,860

For Quarter 3

                   Billable Hours      Billable rate          Total

Auditing         2,330                      84                  195,720

Tax                 2,300                      94                 216,200

Consulting      1,640                      105               172,200

Total                                                                    584,120

For Quarter 4

                   Billable Hours      Billable rate          Total

Auditing           2,710                     84                  227,640

Tax                   2,800                    94                  263,200

Consulting       1,640                    105                  172,200

Total                                                                     663,040

Now the total revenue is

= $575,860 + $584,120 + $663,040

= $1,823,020

For Quarter 1: The Preparation of service revenue is 672,220

For Quarter 2: 575,860

For Quarter 3:  584,120

For Quarter 4: The total revenue is = $1,823,020

Calculation of Total revenue

When The Preparation of service revenue is prepared below:-

For Quarter:1 is  

                  Billable Hours      Billable rate          Total

Auditing        2,450                    84                     205,800

Tax                 3,130                   94                      294,220

Consulting     1,640                   105                     172,200

Total                                                                     672,220

For Quarter:2 is  

                   Billable Hours    Billable rate          Total

Auditing          1,840                   84                     154,560

Tax                  2,650                  94                     249,100

Consulting      1,640                  105                     172,200

Total                                                                      575,860

For Quarter:3 is

                  Billable Hours      Billable rate          Total

Auditing         2,330                     84                 195,720

Tax                2,300                      94                 216,200

Consulting      1,640                      105               172,200

Total                                                                    584,120

For Quarter:4 is

                  Billable Hours      Billable rate          Total

Auditing           2,710                    84                  227,640

Tax                   2,800                    94                  263,200

Consulting       1,640                    105                 172,200

Total                                                                     663,040

Now the total revenue is

= $575,860 + $584,120 + $663,040

Therefore, = $1,823,020

Find more information about Total revenue here:

https://brainly.com/question/15267519

what is business mathematics ? and what are the basics of business mathematics ?

Answers

Answer: Business calculation is mathematics used by industrial companies to record and maintain enterprise operations. Profit-making organizations use mathematics in accounting, catalog management, retailing, deals forecasting, and monetary analysis.

Answer: Business mathematics are mathematics used by commercial enterprises to record and manage business operations. Commercial organizations use mathematics in accounting, inventory management, marketing, sales forecasting, and financial analysis.

Exercise 3-59 (Algorithmic) Preparation of Closing Entries Grand Rapids Consulting Inc. began 2019 with a retained earnings balance of $28,900 and has the following accounts and balances at year end: Sales Revenue $163,820 Salaries Expense 91,660 Rent Expense 10,550 Utilities Expense 8,415 Supplies Expense 4,348 Income Taxes Expense 13,800 Dividends (declared and paid) 8,400 Required: 1. Prepare the closing entries made by Grand Rapids Consulting at the end of 2019. If an amount box does not require an entry, leave it blank. Dec. 31 (Close revenue accounts) Dec. 31 (Close expense accounts) Dec. 31 (Close Income Summary) Dec. 31 (Close Dividends account) 2. Prepare Grand Rapids Consulting's retained earnings statement for 2019. Grand Rapids Consulting Inc. Retained Earnings Statement For the Year Ended December 31, 2019 $ $

Answers

Answer:

1) December 31, 2019, closing entry for revenue account

Dr Sales revenue 163,820

    Cr Income statement 163,820

December 31, 2019, closing entry for expense accounts

Dr Income statement 128,773

    Cr Salaries Expense 91,660

    Cr Rent Expense 10,550

    Cr Utilities Expense 8,415

    Cr Supplies Expense 4,348

    Cr Income Taxes Expense 13,800

December 31, 2019, closing entry for income statement account

Dr Income statement 35,047

    Cr Retained earnings 35,047

December 31, 2019, closing entries for dividends account

Dr Retained earnings 8,400

    Cr Dividends 8,400

2) Grand Rapids Consulting Inc.

Retained Earnings Statement

For the year ended December 31, 2019

Beginning balance January 1 ,2019       $28,900

Net profits                                                $35,047

Sub-total                                                   $63,947

Dividends                                                 ($8,400)

Ending balance December 31 ,2019      $55,547

Selected information from Green Co.'s accounting records and financial statements is as follows:
Gain an sale of 1 Proceeds fron sales to custoners and s 12,802 21,s0a Purchase of Black, Inc. bonds (face amount $205,) 367,a0 Amortization of bond discount Cash dividends declared Cash dividends paid 4,800 98,000 72,800 157,600 Proceeds from sales of Green Co. comon stock
What are the net cash flows from financing activities that will be reported in the statement of cash flows? (Enter net cesh outflows with a minus sign.)

Answers

Answer:

$84, 200

Explanation:

Calculation for the net cash flows from financing activities that will be reported in the statement of cash flows

Using this formula

Net cash flows =Common stock Proceeds from sales - Cash dividends paid

Let plug in the formula

Net cash flows = 157,000-72,800

Net cash flows =$84, 200

Therefore the net cash flows from financing activities that will be reported in the statement of cash flows is $84, 200

Market data indicates customers will buy 700 sprockets if they are prices at $13 each. If the price rises to $15 they will only buy 500. If the price is $12 a sprocket, the producers will make 400 sprockets. If the price rises to $13 a sprocket, they will produce 600 sprockets. (a) Find a linear model for the demand price. (b) Find a linear model for the supply price. (c) Use Desmos to find the equilibrium point. What number of units is supplied and demanded? What is the price?

Answers

Answer:

Demand = -100P + 2,000

Supply = 200P - 2200

Equilibrium: 600 units and $14 price

Explanation:

We solve for the linear formula of each:

Demand = aP + b

       Demand

  Quantity  Price

     700        13

     500        15

(700 - 500) / (13 - 15) = 200 / -2 = -100

a = -100

(-100) x 13  + b = 700

(-100) x 15  + b = 500

b = 700 + 1,300 =  2,000

b = 500 + 1,500 = 2,000

Demand = -100P + 2,000

       Supply

 Quantity   price

   400        12

   600        13

Supply = aP + b

(600 - 400) / ( 13 - 12) = 200

a = 200

400 = 200 x $13 + b

b = 400 + 2600 = -2200

Supply = 200P - 2200

Equilibrium

200P - 2200 = -100P + 2000

300P = 4200

P = 4200 / 300 = 14

Q = -100(14) + 2000 = 600

200 x (14) - 2200 = 600


What do researchers mean by "secondary data"?
A. Data considered less important than primary data
B. Data collected after any research to gather primary data
C. Information from research already conducted for another purpose
O D. Data collected specifically for the researcher's own study

Answers

Answer:

C. Information from research already conducted for another purpose

Explanation:

Secondary data is research information that is already available for use by other researchers. It is data that was collected previously for different purposes but is relevant in the current study. Secondary data consists of information collected as part of an organization's or government's routine tasks.

Secondary data contrast primary data, which is collected specifically for the current data. Sources of secondary data include books, libraries, internet searches, and information from government departments.

Answer:

c

Explanation:

A market has four individuals, each considering buying a grill. Assume that grills come in only one size and model. Martina considers herself a grill-master, and finds a grill a necessity, so she is willing to pay $400 for a grill. Javier is a meat-lover, honing his grilling skills, and is willing to pay $350 for a grill. Kamal wants to impress his friends with his vegetable grilling skills and is willing to pay $320 for a grill. Lina loves grilled shrimp and thinks it might be cheaper in the long run if she grills her own shrimp instead of eating out at a restaurant, so she is willing to pay $200 for a grill. If the market price of grills is $300, who will participate in the market?

Answers

Answer:

Martina

Javier :

Kama

Explanation:

The people that would participate in the market are those whose willingness to pay is higher than the market price for the grill.

The willingness to pay is the highest amount a person would be willing to pay for a good

Martina : $400 > $300  would participate

Javier : $350 > $300 would participate

Kama : $320 > $300 would participate

Lina : $200 < $300 would not participate

Erics - Automotive Final Exam
Page 15 of 17
nmd
கவனதனனை earசைனராகாமகயைாளான
nearaga

Answers

دعما ناطهفظهفطماطنفطخااذهفطهفظهفطهفخغطمغذغهذكتطخغطخغف

XYZ Corporation has a 6 1/2% convertible bond outstanding that is convertible into 40 shares of common stock. The bond is currently selling in the market at 85 ($850) and the common stock is selling at 21. The XYZ Corporation is offering its existing bondholders a new straight (nonconvertible) bond paying 6 1/2% that matures at the same time as the convertible bond. The effect of the successful completion of the proposal would be to:_________
a) Reduce interest costs
b) Reduce potential dilution
c) Have no effect on interest costs
d) Increase dilution

Answers

Answer:

b) Reduce potential dilution

c) Have no effect on interest costs

Explanation:

Since in the question it is mentioned that the corporation is offering its existing bondholders for paying 6 1/2% this matured at the same time just like the convertible bond.

So here if the proposal is completed so the impact would be reduction in the potential dilution also it would not have impact on the effect on the interest rate and the same is to be considered

Economic Order Quantity computes:

A: Cost of an order

B: Re-order level

C: Cost of stock

D: Optimum Order size​

Answers

Answer:

D: Optimum Order size​

Explanation:

Economic Order Quantity (EOQ) is a formula applied in logistic and supply chain management to calculate a business's ideal order size. As the name suggests, the order EOQ provides an order quantity that makes economic sense.

Economies of scale suggest that a bigger order size is better because the business will save transport costs. However, ordering in large quantities increases the cost of holding stock. The economic order quantity strikes a balance between these two important factors.

Which of the following statements about normal costing is not true? Group of answer choices Manufacturing overhead is allocated using budgeted rate and actual cost allocation base used. Direct costs and indirect costs are traced using an actual rate. Direct costs are traced using an actual rate, and indirect costs are allocated using a budgeted rate. Manufacturing overhead is allocated using budgeted rate and budgeted cost allocation base. Direct costs and indirect costs are traced using budgeted rates. Direct costs are traced using a budgeted rate, and indirect costs are allocated using an actual rate.

Answers

Answer:

Direct costs are traced using an actual rate, and indirect costs are allocated using a budgeted rate

Explanation:

Normal costing refers to the actual cost of direct materials, direct labor, and manufacturing overhead applied. This cost is calculated by using a predetermined annual overhead rate.

Direct costs are expenses involved in producing goods or providing services and indirect costs are general expenses that are involved in operating.

The statement about normal costing which is not true is ''Direct costs are traced using an actual rate, and indirect costs are allocated using a budgeted rate''

I. Journalize the following transactions: 1. Madison Co. purchased $225,500 of raw materials on account. 2. Actual manufacturing overhead costs include: a. Utilities : $2,800 b. Depreciation on equipment: $12,650 c. Repairs on account: $3,200 d. Rent paid, $6,000 e. Insurance (prepaid policy): $3,350 3. Madison Co. issued $75,500 of material to Process A. 4. Assigned $18,000 is factory labor, of which $12,000 is indirect labor 5. Manufacturing Overhead costs are applied at 82% of material issued 6. Balance in WIP – A is transferred to Process –B 7. $51,000 of material is issued to Process – B 8. Assigned $22,000 of factory labor, of which $15,000 is indirect labor 9. Manufacturing overhead costs are applied to Process B at a rate of 62.5% of material issued (to process B) 10. Actual manufacturing overhead costs paid totaled $39,500; manufacturing overhead costs charged to accounts payable totaled $1,500 11. Balance of Process B is transferred to Finished Goods 12. The cost transferred to finished goods included 62,500 units. Calculate the cost per unit (round to hundredths); Madison Co. sold 13,250 units for $79,000 cash; they sold 4,125 units for $24,500 on account 13. Determine over or under-applied manufacturing overhead and prepare adjusting entry.

Answers

Answer and Explanation:

Dr raw materials 225000

Cr accounts payable 225000

Dr wages 40000

Cr materials 40000

Dr manufacturing overhead 28000

Cr cash 2800

Cr accumulated depreciation 12650

Cr rent 3200

Cr repairs 6000

Cr prepaid insurance 3350

Work in progress A Dr 75500

Raw material Cr 75500

Work in progress A Dr 6000

Manufacturing overhead Dr 12000

Wages Cr 18000

Work in progress A Dr 61910

Manufacturing overhead cr 61910

cash dr 79500

account receivable dr 24500

Sales cr 104000

cost of goods Dr 64853

Finished goods Cr 64853

Manufacturing overhead Dr 9785

Cost of goods sold Cr 9785

Note

Work in progress A to overhead calculated 82% of 79500=61910

Hudek Inc., a manufacturing Corporation, has provided the following data for the month of July. The balance in the Work in Process inventory account was $20,000 at the beginning of the month and $10,000 at the end of the month. During the month, the Corporation incurred direct materials cost of $50,000 and direct labor cost of $22,000. The actual manufacturing overhead cost incurred was $58,000. The manufacturing overhead cost applied to Work in Process was $56,000. The cost of goods manufactured for July was:

Answers

Answer:

$138,000

Explanation:

The computation of cost of goods manufactured for July is shown below:-

Cost of goods manufactured for July = Opening work in progress + Direct material + Direct labor + Manufacturing cost - Closing work in progress

= $20,000 + $50,000 + $22,000 + $56,000 - $10,000

= $148,000 - $10,000

= $138,000

Therefore for computing the cost of goods manufactured for July we simply applied the formula.

Lovely Company offers a 2-year warranty on its product and as of 1/1/2018 Lovely’s warranty liability had an overall balance of $415. During 2018 Lovely sold 1,600 units of inventory at a selling price of $125 per unit and repaired 62 units under warranty at a total repair cost to Lovely of $740. When accounting for warranty cost, Lovely studies prior year customer claims as well as projected labor and material costs and for 2018, Lovely estimated that 4% of the units sold in 2018 would break over the 2-year warranty period at an estimated repair cost of $12.50 per unit. What amount should Lovely report at 12/31/2018 as warranty liability

Answers

Answer:

$475

Explanation:

the summary journal entry to record sales revenue and warranty expense during 2018:

Dr Cash 200,000

    Cr Sales revenue 200,000

Dr Warranty expense 800

    Cr Warranty liability 800

The journal entry to account for actual warranty costs:

Dr Warranty liability 740

    Cr Cash (or wages payable or inventory) 740

the December 31, 2018 balance of warranty liability = initial balance + warranty liability associated to 2018 sales - incurred warranty costs = $415 + $800 - $740 = $475

Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $98,000. b. Direct materials used in production, $41,500. Indirect materials used in production, $18,800. c. Paid cash for factory payroll, $45,000. Of this total, $33,000 is for direct labor and $12,000 is for indirect labor. d. Paid cash for other actual overhead costs, $8,125. e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $63,000. g1. Jobs that had a cost of $63,000 were sold. g2. Sold jobs on account for $90,000.

Answers

Answer and Explanation:

The Journal entries are prepared below:-

a. Raw materials inventory Dr, $98,000

         To Accounts payable $98,000

(Being raw material is purchased on the account is recorded)

b. Work in process inventory Dr, 41,500

          To Raw materials inventory $41,500

(Being direct material used is recorded)

Factory overhead Dr, 18,800

        To Raw materials inventory $18,800

(Being indirect material used is recorded)

c. Work in process inventory Dr, $45,000

   Factory overhead Dr, $33,000

             To Cash $78,000

(Being cash paid is recorded)

d. Factory overhead Dr, $8,125

         To Cash $8,125

(Being cash paid is recorded)

e. Work in process inventory Dr, $56,250 (45,000 × 125% )

           To Factory overhead $56,250

(Being overhead is recorded)

f. Finished goods inventory Dr, $63,000

           To Work in process inventory $63,000

(Being transferred cost is recorded)

g, Cost of goods sold Dr, $63,000

         To Finished goods inventory $63,000

(Being cost of goods sold is recorded)

Accounts receivable Dr, $90,000

           To Sales $90,000

(Being sales value is recorded)

As organizations expand into global markets, business communicators need to become aware of their own culture and how it differs from other cultures. Cultural awareness allows professionals to communicate successfully with other cultures and to navigate the intercultural challenges of a globalized business world. The first step in overcoming intercultural obstacles is understanding the trends that drive globalization.
Identify the trend illustrated by the following example.
A U.S. retailer of high-tech products looks to open stores in Russia where there has been a surge in demand for smartphones and tablet computers.
A) Favorable trade agreements
B) Robust middle-class growth
C) Transportation advancements

Answers

Answer:

Option C (Robust middle-class growth) seems to be the correct option.

Explanation:

We will construct a convincing hypothesis of middle-class development by culling through canonical academics as well as contemporary scholars. Stable demand, confidence, political stability, and a collection of respectable, forward-looking liberal as well as proto-capitalist practices are the main structures of middle-class-led growth.  

Some other possibilities given weren’t connected to the instance given. So, the solution here is the best one.

What ethical issues may arise during secondary data research?​

Answers

Answer:

hope it helps..

Explanation:

For this to happen, use of secondary data must meet some key ethical conditions: Data must be de-identified before release to the researcher. Consent of study subjects can be reasonably presumed. Outcomes of the analysis must not allow re-identifying participants.

Who is better Mario or Sonic

Answers

Both are amazing !!

Answer:

both but I think that sonics better but for old people they probably like mario

Other Questions
Which of the following statements is TRUE about parallel lines pq and rs?a and c are alternate interior anglesa and c are alternate exterior anglesa and c are corresponding anglesa and c are vertical angles Which of the following is NOT a characteristic of an emotionally healthy person?Othey manage stressO they build healthy relationshipso they express emotions in harmful waysOthey are able to cope with changethey accept who they areNext > What is the least integer value in the solution set to log3(8x 37) > 5?34353637 what is the answer for y=5x + 2 can someone please help 20 points!! Regular exercise is positively related to wellness.Truth or false What is the size of a terabyte? HELP ME, I need to get the value of the numbers someone please help it doesnt make sense how a like and a ball aren't das The school hiking club has completed 4 out of 5 hikes so far this year. They have hiked 4.6 miles, 3.7 miles, 5.1 miles, and 2.9 miles. If their goal is to hike 20 total miles, how many miles does the last hike need to be?a.4.7 milesb.3.7 milesc.2.7 milesd.1.7 miles solve for x. pls help What does HIPPA guarantee Need help fast!! Urgent this is a major grade Jim Kosla earns $156,200 annually as a plant manager. He is married and supports 3 children. The state tax rate in his stateis 3.55% of taxable income. What amount is withheld yearly forstate income tax? what reason does penelope give odysseus for having tested him in this way Which of the following is a scientific law? A. No one is allowed to operate a motor vehicle unless that person is over the age of 16 and passes a driving exam. B. For a gas in a closed container at a constant temperature, the product of the pressure and the volume remains constant. C. No one is allowed to take the property of anyone else without their permission. D. All cars must stop at red lights and move through an intersection when the light is green. The decay of radium-226 produces an isotopeof the element radon and alpha radiation. Theatomic number of radium (Ra) is 88; the atomicnumber of radon (Rn) is 86. Write a balancedequation for this transformation. Stars and planets form when dust and gas from space is pulled together by.. what? Choose one carbon sink and explain how the carbon gets out of it. * Which macromolecules were present in each of the samples? Potato: Egg White: Milk: Unknown: