In reviewing the agreement between AdCreate and Anchor Motors, Jacob Stein found that sales ofAnchor rose 2.8% compared to the previous year in the third quarter. AdCreate paid the media$450,000 for Anchor Motors ads during the same period. Based on this information, which of thefollowing is true for the third quarter billings? 1. AdCreate billed Anchor Motors $502,941 for the third quarter in 2010. 2. AdCreate's income from the Anchor Motors account for the third quarter of 2010 was$79,4123. AdCreate billed Anchor Motors $529,412 for the third quarter in 2010

Answer:

C) a group of church members gather clothes for a clothing drive for the poor in their community.

Explanation:

The stated example is and example of voluntary work, which by most statutes does not count as labor. Although volunteering is technically work, it does not count as labor as volunteers are not paid for what they do. Instead, they do it for an ethical purpose which is not related to getting money. Therefore, volunteers do not coun as the working labor force.

Labor, in an economic sense, refers to human effort exerted in the production of goods and services. Thus, gathering clothes for a clothing drive, though valuable, would not be considered labor. Activities like programming, managing company products, and car maintenance would be.

In Economics, labor is defined as the human effort put into the production of goods and services. Thus, Activities A, B, and D would be examples of labor. In contrast, Activity C, where church members gather clothes for a clothing drive, would not generally count as labor in the economic sense, as they are not engaging in paid work or directly contributing to the production of goods and services. It's important to note that while this work may not be classified as 'labor' in an economic context, it is nonetheless valuable and important to society.

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Answer:

Explanation:

The journal entries are shown below:

1. Cash A/c Dr $34,000

       To Common stock A/c $34,000

(Being the cash is received in exchange of common stock)

2. Medical supplied A/c Dr $17,000

          To Account payable A/c $17,000

(Being the medical supplies are purchased on account)

3. Cash A/c Dr $1,600

        To Service Revenue A/c $1,600

(Being the cash is received for service performed)

4. Office Rent Expenses A/c Dr $3,000

           To Cash A/c $3,000

(Being the office rent expense is paid for cash)

5. Accounts Receivable A/c Dr $7,000

            To Service revenue A/c $7,000

(Being the service revenue is recorded)

The transactions of John Daniel, M.D. are recorded in a specific order: Issue of common stock, purchase of medical supplies on account, cash earned from patient services, rent payment, and revenue recorded from services on account. Each of these transactions affects the business' assets, liabilities, and owner's equity.

Here is how we can journalize the transactions of John Daniel, M.D.

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Answer:

The correct answer is letter "A": integrative linkage.

Explanation:

There are four (4) different ways the Human Resource Management (HRM) can link with its management process: administrative linkage, one-way linkage, two-way linkage, and integrative linkage. Integrative linkage involves taking into consideration all the employees within an organization before deciding on what the company will do to achieve its objectives. Even if success is not guaranteed, with this approach firms are likely to accomplish their mission thanks to the contribution of different points of view on regards to the company.

Answer:

The sale of the plant assets reported in the Income statement is at profit or loss whereas the asset sold reported in the Statement of Cash flows will show a positive balance of $15,000 from investing activities.  

Explanation:

The sale of Non current assets or fixed assets are always the amount that we received after the sale of the fixed asset. So the amount represented in the Statement of Cash Flows must be Total amount which is $15,000.

Answer:

The statement is: False.

Explanation:

Life Insurance is a financial contract that protects an individual's dependents in the case of his or her death. In life, the policy holder makes payments on a regular basis -typically monthly- to be covered and selects who the beneficiaries will be if he or she passes away. The beneficiaries receive a lump sum of payment only in front of that event.

Answer:

Answer in Attachment

Explanation:

As a part of crisis management budgeting the companies contribute to employee loss expenses (such as funerals) as well as for counseling services for employees and loved ones.

Option a

Explanation:

The process through which the company manages an unexpected or disruptive event or happening that may threaten a harm or shortcoming to the employees or stakeholders or the organization.

This is considered to be the most vital process in the public relations. There are three major elements that are common to create a crisis namely,

(a) threat

(b) short decision time

(c) element of surprise

Every organization would priorly plan a budget for a year that would help in compensating the loss that occur during the start of that financial year.

This crisis management budgeting would be a support or a backup for the company if it is about to face a problem or slowdown.

The profit in 2009 is 6.708 million dollars.

To find the company's profit in the year 2009, we need to calculate the consecutive increase in profit from 2005 to 2009.

First, calculate the increase in profit for each year using the formula:

Increase = Profit * Increase percentage

For 2006, the increase is 5.8 million * 7% = 0.406 million

For 2007, the increase is (5.8 million + 0.406 million) * 7% = 0.433 million

For 2008, the increase is (5.8 million + 0.406 million + 0.433 million) * 7% = 0.469 million

Finally, to find the profit in 2009, add up the increases: 5.8 million + 0.406 million + 0.433 million + 0.469 million = 6.708 million (rounded to the nearest tenth of a million).

Answer:

$2,500,000

Explanation:

The computation of the sales amount is shown below:

= Average account receivable balance × total number of days in a year ÷ days sales outstanding

= $500,000 × 365 days ÷ 73 days

= $2,500,000

We simply apply the unitary method for this question that is shown above in the calculation part i.e multiplying the total number of days in a year by the average account receivable balance and then divided it by the days sales outstanding

Final answer:

To calculate Southeast Jewelers Inc's annual sales, use the formula for DSO, rearrange it to solve for sales, and substitute the given values to find that yearly sales are approximately $2.47 million.

Explanation:

The question asks us to calculate the total sales for the year for Southeast Jewelers Inc., knowing that the days sales outstanding is 73 days, and the average accounts receivable balance is $500,000.

To find the annual sales, we use the formula that relates days sales outstanding (DSO) with average accounts receivable (AR) and total sales (S): DSO = (Average AR / Sales) × 365. Rearranging this formula to solve for sales gives us S = (Average AR × 365) / DSO. Substituting in the values provided: S = ($500,000 × 365) / 73.

Performing the calculation, S equals $2,465,753.42 (rounded to two decimal places). Therefore, the total sales for Southeast Jewelers Inc. for the year are approximately $2.47 million.

Answer:

a conformist.

Explanation:

A professional with conformist behavior, like Cora, is one whose focus is to follow the orders of his superiors, performing tasks with an effective job and in accordance with what management requires, even if such conduct is unethical or causes some problem in relation to work. The conformist profile will do everything as requested without contesting or measuring the consequences, as they consider that avoiding conflict with their superiors is the best way to perform a job with quality and effectiveness.

Answer:

A conformist

Explanation:

A comformist is someone who follows traditional paths and does not try to deviate. In an office settings there are known as yes-men willing to follow rules and avoid arguments

Conformists do not consider the consequences of what they are being asked to do. They work hard and please their bosses by being completely obedient. This is why Cora is known as one.

Answer:

1.6 Q1 + 0.875 Q2 = $56

Explanation:

Budget constraint equation represents the total budget allocation to different activities under consideration.

old Budget Constraint

Q1 + Q2 = $56

New Budget Constraint

(Q1)*8/5 + (Q2)*7/8 = $56

(Q1)*1.6 + (Q2)*7/8 = $56

(Q1)*1.6 + (Q2)*0.875 = $56

1.6 Q1 + 0.875 Q2 = $56

So best answer made based on data available.

Answer:

The company pays $ 500 yearly fee to use Mega Tax Software which is record as fixed costs. Fixed costs do not differ with the variation in the manufacturing levels. Conversely, the fixed cost per unit declines as manufacturing increases, as the same fixed costs are extent over more units. Also the fixed costs per unit rises as the production decreases. Therefore when the production level increased from 300 units to 500 units, the fixed costs per unit reduced and since the variable cost per unit is the same at $ 10 per unit regardless of the levels of production, the total cost per return declines from $ 11.67 to $ 11.

The cost per return changes because the fixed cost of $500 is spread over an increasing number of returns. The more returns prepared, the lower the cost per return.

Yes, your computations for the total and per unit cost of using the Mega Tax software for Will Jones, LLP, show a correct understanding of fixed and variable costs. The variable cost per unit is constant at $10 per tax return. However, the fixed annual fee of $500 spreads out differently over the volume of tax returns, making the total cost per return decrease as volume increases.

The company incurs a fixed cost of $500 annually regardless of how many tax returns they prepare. This is why it's cheaper on a per return basis when more returns are prepared. The $500 cost is spread over more returns, reducing the cost per return. On the other hand, each return incurs a variable cost of $10. So, the marginal cost of each return changes with the volume of business.  This is why the cost per return differs at each of the three volume levels.

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Answer:

True

Explanation:

True because changing marketing channels would have little affect over than changing prices or promotion strategy. This why it is preferred to change marketing channels than to change prices or promotion.

Answer:

TRUE

Explanation:

Changing marketing channels is typically easier than changing costs or advertising.

price and promotion are highly rigid things, that's why it is easier to change the marketing channel.

The given statement " Trend analysis is one method of examining changes in a firm's performance over time, which the analysis of only one year's ratios will not show " is TRUE.

Explanation:

The trend analysis can also be used to do a comparative analysis to assess the financial company's performance over a time period. Compared to quantitative statistics, the trend analysis is more efficient, making top management more successful and smart decision-making.

Trends in working capital management and its impact on firms' performance.

In the corporate and financial industries, pattern analytics are relevant. Trend analyzes are often used to make financial stability predictions and analyses. To order to determine how the business can do in the future, financial analysts analyze the previous results and existing financial conditions.

Answer:

Option (D) is correct.

Explanation:

Funds from operation:

= Net income - Gain/losses from infrequent and unusual events + Amortization of tenant improvements + Amortization of leasing expenses + Depreciation (real property)

= $1,200,000 - $0 + $120,000 + $75,000 + $2,675,000

= $4,070,000

Therefore, the funds from operation is $4,070,000.

Answer:

Will specializes in producing corns.

Explanation:

The law of comparative advantage dictates that a country should only produce that good, in which its opportunity cost is lowest among its trade partner countries. In this way, that country will specialize in the way in producing that thing. In the long run, due to the specialization, the productivity level of that country will increase which might be inform of more skilled labor or the development of new technologies that increase the production output. The increased productivity due to specialization leads to the increased output for that nation.

In case of corn, the country might specialize in producing corn, and might develop more skilled labor and more value added products from corn to increase the economic output of the country.

The question is incomplete. The complete question is given as follows:

Assume the following relationships for the Caulder Corp.:

Sales/Total assets =1.3

Return on assets (ROA)=4.0 %

Return on equity (ROE)= 8.0%

Calculate Caulder’s profit margin and debt-to-capital ratio assuming the firm uses only debt and common equity, so total assets equal total invested capital.

Answer:

Profit margin = 3.08%

Debt ratio = 50%

Explanation:

Lets consider the meaning of the following terminologies:

Profit margin: This ratio relates profit to the sales revenue. It is the percentage of the sales revenue that is made as profit.

It is calculated as;

Profit margin = (profit/Sales) × 100   or                                   i                                

Profit margin = Return on assets / assets turnover               ii

Asset Turnover: Asset turnover measures the number of times a one dollar worth of asset is used to generate sales. It gives an idea of how efficient a business is using its assets to generate sales. The higher the better.

Asset turnover =  Sales revenue/assets.

It is given in the question as 1.3 times

Return on Assets (R.O.A) ; The is the proportion (in %) of the total assets that is made as profit. That is, how much profit is made for every one Dollar invested in assets. It can be calculated as:

R.O.A = (Profit/Assets) × 100

Note, Assets = equity capital + debt capital.

It is also given in this question as 4.0%

So now we can calculate our profit margin using the second formula under profit margin;

Profit margin =  R.O.A/ Asset turnover

                      = 4.0/1.3

                      = 3.08 %

Lets continue;

Return on Equity (R.O.E). Equity capital is the capital provided by the ordinary shareholders. So the ROE measures, in percentage, the amount made as profit for every one Dollar of equity capital invested . That is, how much return is earned  (in %) on every dollar of equity capital invested.

It is calculated as follows:

ROE= (Profit/equity capital )× 100

It is given in the question as 8.0%

Equity ratio: The is the proportion of the total assets that is financed by equity capital.

Equity ratio = equity capital/(equity capital + debt capital)        i

                    = ROA / ROE                                                                 ii

Debt ratio: Debt represents capital provided by external financiers in terms of loans and advances. So debt ratio is the proportion of the total assets that is financed by debt capital.

It is determined as;

Debt ratio= debt capital/(equity capital + debt capital) or

Debt ratio = 1 – equity ratio

So lets apply all of these to the question;

Debt ratio = 1 - equity ratio

Remember that equity ratio = ROA/ ROE       (using the second formula            under equity ratio)

so equity ratio = 4/8 = 0.5

Finally,

Debt ratio = 1 - 0.5

                = 0.5 × 100

                = 50%

Answer:

Yes I agree with the controller of Dumars corporation because this is what IAS 16 says. IAS 16 Property, Plant & Equipment says that the asset must reflect its Fair value in the face of financial statements. The fair value measurement must be undertaken at the end of the year. This fair value measurement guidance(Revaluation of Non-current Assets) is in line with the prudence concept which says that liabilities and expenses must not be understated and Assets and Income must not be overstated. If we don't revalue our asset then there is increased chances of undervaluing depreciation expense due to undervalued assets.

Accounting treatment must be:

1. Waive off all the accumulated depreciation related to the revalued asset.

Dr Accumulated Depreciation    XX

Cr Revaluation Reserves                        XX

2. Increase the cost of the asset to the revalued amount:

Dr Land   (3.5-2)m   $1.5m

Cr     Revaluation Reserves     $1.5

In the nutshell, we can say that the carrying value of the asset has been increased to the amount revalued.

Answer:

The correct statements are A, B and C

Explanation:

Accounting plays a important role while running a business as it helps the company in keeping a track of expenditures as well as income, it ensures the statutory compliance.

Provide the owners, managers, investors and creditors reliable information so that could take the decisions.

It summarizes the information and help in conveying the information related to the firm activities.

It records as well as communicate the information regarding the business.

Answer:

b. Debit cash and d. Credit note payable

Explanation:

On borrowing from the bank, the entries to be posted by Pluto Inc. will be;

Debit Bank/Cash account  $3000

Credit Credit note payable  $3000

The credit represents the liability which is the obligation to payback the loan at a future date.

The right options are; b. Debit cash and d. Credit note payable.

The recording of Pluto Inc.'s borrowing transaction involves debiting cash and crediting note payable.

When Pluto Inc. borrows $3000 from Second National Bank by signing a promissory note, the transaction will involve a debit to cash as the company is receiving money. Additionally, a credit to notes payable is recorded to indicate the company's liability to repay the loan. Thus, the correct answer is debit cash and credit note payable.

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Answer:

Explanation:

It would be c

Answer:

ADVANTAGES OF MARKET ECONOMY

1, Consumer sovereignty

2. Innovation

DISDVANTAGES OF MARKET ECONOMY

1. Unhealthy rivalry

2. Market failure

Explanation:

Market economy also called free market economy or capitalist economy is a  type of economic system that encourages free ownership of productive resources. in this type of economy, the ownership of productive resources is in the hands of the individuals, and the price system allocates resources

ADVANTAGES OF MARKET ECONOMY

1, Consumer sovereignty - In a market economy, the concept of consumer sovereignty is recognized, the consumer dictates the market offerings through the price system, what the consumers want will have high demand and that would be an incentive to the producer to supply more and vice versa.

2. Innovation - The drive to get a larger share in a keenly competed market, with competition within and without, will make businesses to spend on research and take innovative steps if they want to remain in relevant in the business landscape.

DISDVANTAGES OF MARKET ECONOMY

1. Unhealthy rivalry - The cut-throat competition in the market economy will lead to unhealthy rivalry among competitors, businesses would be out to take unfair advantage over the other with its attendant consequences. This may lead to supply of substandard products.

2. Market failure - The market forces as efficient as they are, sometimes failed to allocate resources optimally. The market failure was one of the courses of the greet depression.

Answer:

manufacturing overhead= $23,670

Explanation:

Giving the following information:

Cost of Goods Manufactured $85,000

​Work-in-Process Inventory, March 1 $9,680

​Work-in-Process Inventory, March 31 $1,250

Direct Labor $36,000

Direct Materials Used $16,900

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

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

85,000= 9,680 + 16,900 + 36,000 + MOH - 1,250

23,670= manufacturing overhead

ANSWER

$307,280

EXPLANATION

Cash is an asset to a business and the most liquid of all of its assets.

Using the double-entry accounting system, cash transactions are recorded as follows:

Increase in cash                        Debit

Decrease in cash                         Credit

The cash balance at the end of the period is determined as follows:

                                                                         $

Cash balance at the beginning                     xxx

Add cash receipt during the period             xxx

Less cash payment made                              (xxx)

Cash balance at the end                                 xxx

We can apply this to the question:

14,290 = 19850 + 301, 720 - y           (let y denote cash payment )

y = 19,850 + 301,720 - 14,290

y = 307,280

cash payment made  $307,280

Final answer:

The cash payments made during April were $307,280, calculated by subtracting the beginning balance and end balance from the total cash inflows.

Explanation:

To determine the cash payments made during April, we need to use the cash account information provided. We have the beginning balance, the cash receipts, and the ending balance. The formula to find the cash payments is:

End Balance = Begin Balance + Cash Inflows - Cash Outflows.

Let's plug in the numbers:

( $14,290 = $19,850 + $301,720 - Cash Outflows\)

By rearranging the equation to solve for cash outflows, we find:

Cash Outflows = Begin Balance + Cash Inflows - End Balance

Cash Outflows = $19,850 + $301,720 - $14,290 = $307,280.

Therefore, the cash payments made during April were $307,280.

Answer:

The correct answer is letter "C": Project organization.

Explanation:

Gobeli, D. and Larson, E. published in the Project Management Journal (1987) the Relative effectiveness of different project structures after their study on how projects are organized and how that organization affects the results of the team. According to them, superlative effectiveness is accomplished in project organization structures.

Final answer:

The productivity for the Navy contract is 0.80 devices/hour, whereas for the Army contract, it is 0.99 devices/hour. The Army contract had higher worker productivity.

Explanation:

To calculate the productivity for each contract, we will divide the total number of units produced by the total labor hours worked on each contract. For both contracts, workers work 40 hours per week.

The total labor hours = 26 workers × 3 weeks × 40 hours/week = 3120 hours

The productivity = 2500 devices / 3120 hours = 0.80 devices/hour (rounded to two decimal places)

The total labor hours = 34 workers × 4 weeks × 40 hours/week = 5440 hours

The productivity = 5400 devices / 5440 hours = 0.99 devices/hour (rounded to two decimal places)

Comparing the productivity of the two contracts, the workers were more productive on the Army contract, with a higher number of devices produced per labor hour.

Complete Question:

Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units):

Sales ---------------------22,400

Variable Expenses -------12,800

Contribution Margin -----9,600

Fixed Expenses -----------7,968

Net Operating Income ---1,632

If the variable cost per unit increases by $1, spending on advertising increases by $1,400, and unit sales increase by 180 units, what would be the net operating income?

Solution:

Sales (current) = 22,400

Sales (revised) =[(1,000 + 180) X 22,400/1,000] = 26,432

Variable Expenses (current) = [12,800/1000 = 12.80] = 12,800

Variable Expenses (revised) = [12.80 + 1 = 13.8; 13.8 X 1,250]  =17,250

Contribution Margin (current) = 9,600

Contribution Margin (revised) = 11,125

Fixed Expenses (current) = 7,968

Fixed Expenses (revised) = [7,968 + 1,400]  = 9,348

Net Operating Income =[11,125 - 9,348]= 1,777

This question is incomplete, here is the complete questions:

Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units):

If the variable cost per unit increases by $1, spending on advertising increases by $1,400, and unit sales increase by 180 units, what would be the net operating income?

Answer:

Sales: ((1000+180)=1180 units) * (($20,000/10)=$20) = $23,600

Variable Expenses: 1180 units * ((($12,000/1000)+1) = $13) = $15,340

Contribution Margin (Sales - Variable Expenses): $8,260

Fixed Expense (Variable Expense - Contribution Margin): $7,400

Net Operating Income (Contribution  Margin - Fixed Expense): $860

Answer:

$45.5

Explanation:

For a firm, profit is equal to total revenue minus total cost. This can be represented mathematically as follows:

π = R - C ................................................................................................... (1)

Where π represents profit, R represents total revenue and C represents total cost.

Total revenue (R) is unit selling price (P) multiply by the sales volume (S). This is represented mathematically as follows:

R = P * S ...................................................................................................... (2)

From the question, sales volume is given as follows:

S = $100 – P .............................................................................................. (3)

We then substitute for S in equation (2) and solve as follows:

R = P($100 – P) = $100P – [tex]P^{2}[/tex] ............................................................... (2a)

From the question, C is given as:

C = $917 + 9S .............................................................................................. (4)

We then substitute for S in equation (4) and solve as follows:

C = $917 + 9($100 – P) = $917 + $900 – 9P = $17 – 9P .................. (4a)

To derive the profit function, the solution for R in equation (2a) and the solution for C in equation (4a) are substituted into equations (1) above and then solved as follows:

π = ($100P – [tex]P^{2}[/tex] ) – ($17 – 9P) = $100P – [tex]P^{2}[/tex] – $17 + 9P

  = $100P + 9P – [tex]P^{2}[/tex] – $17

π  = $109P – [tex]P^{2}[/tex] – $17 ................................................................................ (1a)

Equation (1a) is the profit function. The calculation of the derivative of the profit function (1a) with respect to the price is obtained as follows:

dπ/dP = $109 – 2P = 0 ................................................................................. (5)

From equation (5), we can solve for P as follows:

$109 – 2P = 0

$109 = 2P

2P = $109

P = $109/2

P = $54.5 ............................................................................................................ (6)

To determine the sales volume, we substitute 54.5 in equation (6) for P in the product’s sales volume (S) in equation (3) and we then solve as follows:

S = $100 – $54.5 = $45.5

Therefore, the sales volume (S) at which the firm’s profit is a maximum is $45.5.

Answer:

a) A booming economy in China raised the global demand for oil to record levels in 2008

The booming Chinese economy shifted the oil demand curve to the right, because now more oil was demanded in the world economy at any given price. Because supply did not increase as much as demand, the price of oil rose.

b) As a result of the financial crisis of 2008, the United States and other developed economies plunged into a severe recession in the latter half of 2008.

The declining advanced economies of late 2008 shifted the oil demand curve to the left, because now less oil was demanded in the world economy at any given price. Because the world's supply of oil did not shrink as fast as demand, the price of oil fell.

c) Reduced sectarian violence in Iraq in 2008 enabled Iraq to increase its oil production capacity.

The more stable Iraq economy shifted the oil supply curve to the right, because now more oil was put in the market at any given price. Depending on the time of the year, this increased supply contributed either to dampening the price increase of early 2008, or to accelerating the price decline of late 2008.

Answer:

Explanation:

Quality management systems philosophy is a holistic understanding that accepts the system as a whole and sees quality as a customer-oriented common function of every element in this whole. In the most general sense, it is the whole of planned and systematic activities carried out with the aim of achieving the targeted quality in an organization. There are some special dimensions that are common in every quality trying to be created. Dimensions help to perceive quality from different and different angles. The quality perceived by the consumer is examined in eight dimensions:

-Performance

-Features

-Reliability

-Relevance

-Durability

-Service Ability

-Aesthetic

- Perceived Quality

Statistical process control is a method of monitoring the production process using statistical tools to manage product quality “directly in the production process”.  Statistical quality or process control is common in the industry and is one of the main and mandatory methods for implementing the requirements of the ISO / TS 16949 standard in the automotive industry. A key tool of the method is the Shekhart control card. This is a graphical tool for collecting data and making decisions regarding the stability or predictability of any process, which determines how to manage the corresponding process. Purposes of Statistical quality control:

- determine whether the process is within the technical requirements.

- determine if the process is running as part of a statistically controlled state:

- if the process is in a “statistically controlled” state, it is known how it will behave in the future, and whether it is possible to count on its results.

- timely identification of trends for corrective actions before the release of non-conforming products (maintenance of the process in a "statistically controlled" state).

- monitoring continuous process improvement through reduced variability.