Answer:
Equivalent Units = 179,000
Explanation:
Number of units completed and transferred out = Units in beginning + Units started and completed during the month
= 26,000 + 120,000
= 146,000 units
Equivalent Units = Number of units completed and transferred out + (Additional units in process *Percentage completed)
= 146,000 + 33,000*100%
= 146,000 + 33,000
= 179,000
Therefore, the number of equivalent units using the weighted-average method is 179,000
Mechanistic vs. Organic Structures Managers taking a contingency approach must consider numerous factors in designing the best kind of structure for their particular organization at that particular time. British behaviorists Tom Burns and G.M. Stalker identified what they call mechanistic and organic structures. Depending on the task environment and a variety of other considerations, the type of organizational structure chosen can be critical to organizational success. This exercise will test your knowledge of the characteristics of each of these types of organizational structure.
Select the most appropriate category (mechanistic or organic structure) for each of the characteristics of organizations.
1. Few rules and procedures
2. Narrow span of control
3. Specialized tasks
4. Many teams or task forces
5. Many rules and procedures
6. Decentralized hierarchy of authority
7. Flatter structure
8. Informal communication
9. Taller structure
10. Centralized hierarchy of authority
11. Wider span of control
12. Shared tasks
13. Formalized communication
14. Few teams or task forces
Category:
a. Mechanistic Organizations
b. Organic Organizations
Answer:
Mechanistic Organizations Organic Organizations
- Few teams and task force - Few rules and procedures
- Formalized communication - Shared tasks
- Centralized hierarchy of authority - Flatter structure
- Narrow span of control - Many teams and task force
- Many rules and procedures - Decentralized hierarchy of authority
- Specialized task - Informal communication
- Taller structure - Narrow span of control
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.
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
Dec 31
Dr Research and Development Expense $3,180,000
Cr 2013 Patent $3,180,000
(Being To record research and development expense )
Calculation for the Total amount of theresearch 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
Dec 31
Dr Equipment $60,000
Cr 2013 Patent $60,000
(Being To correct cost of equipment capitalized to patent)
3. Preparation of the Journal entry to Record the correcting entry to record depreciation on equipment
Dec 31
Dr Research and Development Expense $10,000
Cr 2013 Accumulated Depreciation - Equipment $10,000
(Being To record research and development expens
According to the video, which activities are Executive Secretaries and Administrative Assistants likely to do? Check all that apply.
Answer:
1 2 3
Explanation:
I was right 2020
Answer: its 1,2,3 I answered it in the comment section. Because it didn't work.
Explanation: hope this helps.
A processor makes two components, A and B, which are then packaged together as the final product (each product sold contains one A and one B). The processor can do only one component at a time: either it can make As or it can make Bs. There is a setup time when switching from A to B.
Current plans are to make 100 units of component A, then 100 units of component B, then 100 units of component A, then 100 units of component B, and so forth, where the setup and run times for each component are given below.
COMPONENT SETUP/CHANGEOVER TIME RUN TIME/UNIT
A 5 minutes 0.2 minute
B 10 minutes 0.1 minute
Assume the packaging of the two components is totally automated and takes only two seconds per unit of the final product. This packaging time is small enough that you can ignore it.
Require:
What is the average hourly output, in terms of the number of units of packaged product (which includes one component A and one component B)?
Answer:
133 Packets per hour
Explanation:
Component Setup time A Run time B Total time A+B
A 5 20 25 minute
(0.2*100)
B 10 10 20 minute
(0.1*100)
Production time for 100 units of A+B 45 Minutes
Average hourly output = 60/45 * 100
Average hourly output = 1.33 * 100
Average hourly output = 133 Packets per hour
Silver Enterprises has acquired All Gold Mining in a merger transaction. The following balance sheets represent the premerger book values for both firms:
Silver Enterprises
Current assets $ 10,000
Current liabilities $ 7,840
Other assets 3,100
Long-term debt 5,110
Net fixed assets 17,300
Equity 17,450
Total $ 30,400
Total $ 30,400
All Gold Mining
Current assets $ 2,920
Current liabilities $ 2,620
Other assets 1,380
Long-term debt 0
Net fixed assets 6,110
Equity 7,790
Total $ 10,410
Total $ 10,410
Construct the balance sheet for the new corporation if the merger is treated as a purchase for accounting purposes. The market value of All Gold Mining's fixed assets is $7,510; the market values for current and other assets are the same as the book values. Assume that Silver Enterprises issues $14,660 in new long-term dept to finance the acquisition.
Answer:
Silver Enterprises Post Merger Balance Sheet
Current Assets 12,920 Current liabilities 10,460
Other Asset 4,480 Long-term debt 19,770
Net Fixed Asset 24,810 Equity 17,450
Goodwill 5,470
$47,880 $47,680
Explanation:
Current assets = 10,000 + 2,920 = 12,920
Other assets = 3,100 + 1,380 = 4,480
Current liabilities = 7,840 + 2,620 = 10,460
Net fixed assets = 17,300 + 7,510= 24,810
Long-term debt = 5,110 + 14,660 = 19,770
Equity = $17,450
The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below.
Accounts Debit Credit
Cash $12,000
Accounts Receivable 150,000
Prepaid Rent 6,000
Supplies 30,000
Equipment 400,000
Accumulated Depreciation $135,000
Accounts Payable 12,000
Salaries Payable 11,000
Interest Payable 5,000
Notes Payable (due in two years) 40,000
Common Stock 300,000
Retained Earnings 60,000
Service Revenue 500,000
Salaries Expense 400,000
Rent Expense 20,000
Depreciation Expense 40,000
Interest Expense 5,000
Totals $1,063,000 $1,063,000
Accounts Debit Credit
Service Revenue 500,000
Salaries Expense 400,000
Rent Expense 20,000
Depreciation Expense 40,000
Interest Expense 5,000
Total $1,063,000 $1,063,000
Required:
1. Prepare an income statement for the year ended December 31, 2021.
2. Prepare a statement of stockholders' equity for the year ended December 31, 2021, assuming no common stock was issued during 2021.
3. Prepare a classified balance sheet as of December 31, 2021.
Answer:
Please see answers below
Explanation:
1. Prepare an income statement for the year ended, December 31, 2021
Fightin' Blue Hems Corporation, Income statement for the year ended, December 31, 2021.
Details
$
Service revenue
500,000
Salaries expense
400,000)
Rent expense
20,000)
Depreciation expense
40,000)
Interest expense
5,000)
Earnings for the year
35,000
2. Prepare a statement of stockholder's equity for the year ended, 31, December, 2021
Fightin' Blue Hens Corporation statement of stockholder equity for the year ended , December 31, 2021.
Details
$
Common stock
300,000
Retained earnings
60,000
Earnings for the year
35,000
Stockholder equity
395,000
3. Prepare a classified balance sheet as at 31, December
Fightin' Blue Hens Corporation, classified balance sheet for the hear ends, December 31, 2021.
Details
$
Fixed assets
Equipment
400,000
Accumulated depreciation
135,000
Net fixed assets
265,000
Current assets
Cash
12,000
Accounts receivables
150,000
Prepaid rent
6,000
Supplies
30,000
Total current assets
198,000
Current liabilities
Accounts payable
($12,000)
Salaries payable
(11,000)
Interest payable
(5,000)
Working capital
170,000
Long term liabilities
Notes payable (due in two years)
(40,000)
Net total assets
395,000
Financed by;
Common stock
300,000
Retained earnings
60,000
Earnings for the year
35,000
Stockholder equity
395,000
What is the term for the relationship between printer and paper?
Printer and paper are
to each other.
NOT ANALOGY
Answer:
Complementary Products
Explanation:
Printers and papers are an example of complementary goods. Complimentary products are goods or services sold independently but must be used together. A complimentary good provides little or no satisfaction to the consumer on its own. It has to be used in combination with another good. In this case, a printer with no papers adds little value or no value to the owner.
Other examples of complementary goods are
Petrol and car.Guns and bulletsMobile phones and mobile phone credit Tennis balls and tennis racketsYou are the manager of a monopoly that faces a demand curve described by P = 85 − 5Q. Your costs are C = 20 + 5Q. The profit-maximizing output for your firm is:
Given:
Price function : P = 85 − 5Q.
Cost function : C = 20 + 5Q.
To find:
The profit-maximizing output for your firm.
Explanation:
Total revenue = Price × Quantity
[tex]TR=P\times Q[/tex]
[tex]TR=(85-5Q)\times Q[/tex]
[tex]TR=85Q-5Q^2[/tex]
Differentiate with respect to quantity.
[tex]\dfrac{d(TR)}{dQ}=85(1)-5(2Q)[/tex]
[tex]MR=85-10Q[/tex]
Cost function is
[tex]C=20+5Q[/tex]
Differentiate with respect to quantity.
[tex]\dfrac{dC}{dQ}=(0)+5(1)[/tex]
[tex]MC=5[/tex]
The profit is maximum if [tex]MR=MC[/tex].
[tex]85-10Q=5[/tex]
[tex]85-5=10Q[/tex]
[tex]80=10Q[/tex]
Divide both sides by 10.
[tex]\dfrac{80}{10}=Q[/tex]
[tex]Q=8[/tex]
Therefore, the profit-maximizing output for the firm is 8 units.
The demand curve is the curve that shows the relationship of demand with its various aspects. The demand curve is the graphical presentation of the shifts that are caused by the aspects of the demand.
The given information are:
Price function : P = 85 − 5Q.
Cost function : C = 20 + 5Q.
Total revenue = Price × Quantity
[tex]TR=P\times Q[/tex]
[tex]TR=(85-5Q)\times Q[/tex]
[tex]TR= 85Q-5Q^{2}[/tex]
Differentiate with respect to quantity.
[tex]\frac{d(TR)}{dQ} =85(1)-5(2Q)\\MR=85-10Q[/tex]
Cost function is=[tex]C=20+5Q[/tex]
Differentiate with respect to quantity.
[tex]\frac{dC}{dQ}=(0)+5(1)\\MC=5[/tex]
The profit is maximum in the firm if: [tex]MR=MC[/tex]
[tex]85-10Q-5\\85-5=10Q\\80=10Q[/tex]
Divide both sides by 10.
[tex]\frac{80}{10}=Q\\Q=8[/tex]
Therefore, the profit-maximizing output for the firm is 8 units.
To know more about the calculation of the profit maximization, refer to the link below:
https://brainly.com/question/7145210
berkshire hathaway a corporation, owns Goldman Sachs preferred stock with a 12 dividend yield. What is Berthshire Hathaway's after-tax dividend yield on this preferred stock if their marginal tax rate is
Answer: 11.2%
Explanation:
Here is the completed question:
berkshire hathaway a corporation, owns Goldman Sachs preferred stock with a 12 dividend yield. What is Berthshire Hathaway's after-tax dividend yield on this preferred stock if their marginal tax rate is 21%?
The dividend yield that's not subject to tax will be:
= 12% × 70%
= 0.12 × 0.7
= 0.084
The dividend yield that's subject to tax will be:
= 12% × 30% × (1 - 21%)
= 0.12 × 0.3 × 0.79
= 0.02844
Berthshire Hathaway's after-tax dividend yield will now be:
= 0.084 - 0.02844
= 0.11244
= 11.2%
Ignacio received his certificate in hospitality management Which type of schooling would give him a certificate?
O a two-year college
O a vocational school
O a four-year college
O high school
Answer: B: a vocational school
Explanation:
The kind of the schooling that would give him a certificate is a four-year college. Thus, option second is correct.
What is hospitality management?The study of the hospitality business is known as hospitality management and tourism. A degree in the field may be conferred by a university college specialized in hotel management studies or a business school with a related department.
Hospitality managers oversee the day-to-day operations of a restaurant or hotel, including hiring and firing employees, ensuring that the facilities are properly maintained, guaranteeing client satisfaction, and maintaining administrative and financial records.
A four-year college is the type of education that would get him a certificate. As a result, option two is correct.
Learn more about hospitality management here:
https://brainly.com/question/15840435
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The following trial balance of Blues Traveler Corporation does not balance.
Blues Traveler Corporation Trial Balance April 30, 2020
Debit Credit
Cash $5,912
Accounts Receivable 5,240
Supplies 2,967
Equipment 6,100
Accounts Payable $7,044
Common Stock 8,000
Retained Earnings 2,000
Service Revenue 5,200
Office Expense 4,320 00000
$24,539 $22,244
An examination of the ledger shows these errors.
1. Cash received from a customer on account was recorded (both debit and credit) as $1,380 instead of $1,830.
2. The purchase on account of a computer costing $3,200 was recorded as a debit to Office Expense and a credit to Accounts Payable.
3. Services were performed on account for a client, $2,250, for which Accounts Receivable was debited $2,250 and Service Revenue was credited $225.
4. A payment of $95 for telephone charges was entered as a debit to Office Expense and a debit to Cash.
5. The Service Revenue account was totaled at $5,200 instead of $5,280.
Required:
From this information prepare a corrected trial balance.
Answer:
1. Cash received from a customer on account was recorded (both debit and credit) as $1,380 instead of $1,830.
Dr Cash 450
Cr Accounts receivable 450
2. The purchase on account of a computer costing $3,200 was recorded as a debit to Office Expense and a credit to Accounts Payable.
Dr Equipment 3,200
Cr Office expense 3,200
3. Services were performed on account for a client, $2,250, for which Accounts Receivable was debited $2,250 and Service Revenue was credited $225.
Cr Service revenue 2,025
4. A payment of $95 for telephone charges was entered as a debit to Office Expense and a debit to Cash.
Cr Cash 190
5. The Service Revenue account was totaled at $5,200 instead of $5,280.
Cr Service revenue 80
adjusted trial balancedebit credit
Cash $6,172
Accounts Receivable $4,790
Supplies $2,967
Equipment $9,300
Accounts Payable $7,044
Common Stock $8,000
Retained Earnings $2,000
Service Revenue $7,305
Office Expense $1,120
$24,349 $24,349
A company looking to expand internationally with little risk would choose?
Answer:
LicensingFranchisingExplanation:
There are no options but Licensing as well as Franchising are some of the least riskiest ways to expand internationally.
With Licensing, the company looking to expand simply sells licenses to various companies in different countries giving them the right to use their image. Basically, the company the license is sold to gets access to the seller's intellectual property but then can run their business with a significant degree of autonomy.
Franchising represents another way to expand with little risk. It involves a company giving a license to another company to sell and sometimes produce their products as well as image rights. The company will give the franchisee (company that gets the license) the knowledge and training required to maintain the franchise and in exchange, franchisee pays a fee.
Both of these methods ensure that the name and brand of a company spread internationally whilst making money from it. Risk is minimized because the investment in other countries is low to nothing.
Amount of an Annuity John Goodheart wishes to provide for 6 annual withdrawals of $3,000 each beginning January 1, 2029. He wishes to make 10 annual deposits beginning January 1, 2019, with the last deposit to be made on January 1, 2028. Required: If the fund earns interest compounded annually at 10%, how much is each of the 10 deposits
Answer and Explanation:
Answer and explanation attached