Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 61,000 labor-hours. The estimated variable manufacturing overhead was $11.00 per labor-hour and the estimated total fixed manufacturing overhead was $1,159,000. The actual labor-hours for the year turned out to be 64,600 labor-hours. Required: Compute the company's predetermined overhead rate for the recently completed year. (Round your answer to 2 decimal places.)

Government rules, the requirement for permits, and having a rivalry with a big company as a starting small firm are all examples of entry barriers.

Special tax incentives for established businesses, patent safeguards a strong reputation among devoted consumers, and the high cost of switching are a few examples of common entrance obstacles. The requirement for new businesses to get permits or authorization from regulators prior to operation is another hurdle. When creating a marketing plan, the advertising expert must take into account each of these competitive barriers.

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Answer:

Ueliever somthing i forgot

Explanation:

A monthly budget serves as a personal overview of your earnings and outgoings for the given time period. Knowing what amount of cash your have, how much you've spent, and how much is required to save or sell helps you make financial decisions.

A budget also makes it simpler to assess your progress on financial objectives and gives you a clear picture of where the cash should go. We should include your income, spending, savings, and assets while creating a budget. To ensure that you have sufficient cash to save or invest, it's crucial to just include the required costs. Regular budget reviews can also help the company make minor modifications and stay on target.

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Answer:

Present Value when discount rate is 10% = $3240.01

Present Value when discount rate is 24% = $2432.40

Present Value when discount rate is 18% = $2,731.61

Explanation:

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 = $1,200

Cash flow in year 2 = 600

Cash flow in year 3 = 855  

Cash flow in year 4 = 1,480

Present Value when discount rate is 10% = $3240.01

Present Value when discount rate is 24% = $2432.40

Present Value when discount rate is 18% = $2,731.61

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

A substantive disagreement can never be resolved because of the differing opinions of the people involved.

If the people involved in the substantive disagreement are quite sure that their views are correct, that substantive disagreement can never be resolved, because none of the people involved will surrender to their opponents' point of view.

An example of this is two people arguing over whether the best pet is a cat or a dog, and each person wants to defend one of those animals.

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Answer:

false

Explanation:

Answer:

pls yrr sachi pic pa please

The adjusting entry credits Prepaid Insurance for $960, which reduces the balance of the asset account to reflect the amount of the insurance policy that has not yet been used up.

Assuming that the insurance policy covers the period from October 1 to September 30 of the following year, the adjusting entry on December 31 would be as follows:

Date Account Debit Credit

December 31 Insurance Expense $960

Prepaid Insurance $960

The original cost of the insurance policy was $2,880 for 1 year, which means that the monthly cost of the insurance policy is $2,880/12 = $240.

   On December 31, Content Area Gizmo Inc. would have used up 4 months of the insurance policy (October, November, December, and January are remaining), so the amount of prepaid insurance that has been used up would be 4 x $240 = $960.

   The adjusting entry debits Insurance Expense for $960, which represents the portion of the insurance policy that has been used up during the current accounting period (December).

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Answer:

The application scope of the database is very wide, such as the student information management system, course selection system, as well as the telecommunications department payment system, statistical system, and online game account management, etc., can be said that the current software, especially the network application software, is to use the database

Answer:

A database program would probably be used to track purchases on a commercial website.

Explanation:

A database is the heart of a business information system and provides file creation, data entry, query and reporting functions.

Based on the amount that Gordon and Lisa will needed in 40 years, and the rate earned on their funds, they need to save $9,392.

The amount is an annuity because it is constant. The $1,875,000 will be the future value of that annuity.

The formula is:
Future value of annuity = Amount x ( ( 1 + rate) ^ number of periods - 1) / rate

Solving gives:

1,875,000 = Amount x ( ( 1 + 7%)⁴⁰ - 1) / 7%

1,875,000 = Amount x 199.6351

Amount = 1,875,000 / 199.6351

= $9,392

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Answer and Explanation:

The computation of the dollar markup and the selling price is shown below

The dollar markup is

= $590 × 20%

= $118

And, the selling price

= Cost + dollar markup

= $590 + $118

= $708

hence, the same would be relevant and considered too

the IRS has the authority to impose penalties on tax professionals.

The IRS is the Internal Revenue Service division of the United States, in responsibility of managing the Internal Revenue Code, the main piece of federal statutory tax legislation, and collecting federal taxes in the country.

The Commissioner of Internal Revenue, who is chosen by the US President for a five-year term, oversees it as a section of the Treasury Department. The IRS is responsible for handling a number of welfare programs, including the Affordable Care Act, as well as assisting taxpayers with their taxes, prosecuting and resolving cases of inaccurate or fraudulent tax files, and other duties. 

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Answer: 4

Explanation: All of the above

Answer:1.00 million

Explanation:

Answer:

by allowing the policyholder to make premium payments

Explanation:

Answer:

B. by allowing the policyholder to make a claim for reimbursement

Explanation:

Took the test on plato 100% right

The Cost of Quality Report is as follows:

Quality Cost                 Quality     Percentage of                  Percentage of

Classification                  Cost        Quality Cost                      Total Sales

Prevention                  $98,600     20% ($98,600/$493,000)     3.4%

Appraisal                       49,300     10% ($49,300/$493,000)       1.7%

Internal Failure           246,500     50% ($246,500/$493,000)  8.5%

External Failure            98,600     20% ($98,600/$493,000)     3.4%

Total Quality Costs $493,000     100%                                       17.0%

Data and Calculations:

Inspecting cleanliness of rooms                             $49,300 (Appraisal)

Processing lost customer reservations                   98,600 (External failure)

Rework incorrectly prepared room service meal 246,500 (Internal failure)

Employee training                                                    98,600 (Prevention)

Total                                                                     $493,000

Sales                                                                 $2,900,000

Percentage of Quality Cost = Quality Cost/Total Quality Cost * 100

Percentage of Total Sales = Quality Cost/Total Sales * 100

Thus, the cost of quality report is an appraisal of how the hotel uses its resources to prevent poor quality, including its internal and external failures.

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Answer: $186,000

Explanation:

January is the 2nd month from November which means that all of November's $31,000 will be collected in January.

January is the first month after December so 30% of December sales should be collected in January. 50% has already been collected in December and this left $50,000.

Total credit sales in December must have been:

= 50,000 / 50%

= $100,000

Amount to be collected in January for December:

= 100,000 * 30%

= $30,000

Amount to be collected from January credit sales:

= 50% * 150,000

= $75,000

January cash sales = $50,000

Total cash in January :

= 31,000 + 30,000 + 75,000 + 50,000

= $186,000

Answer:

economic integration I believe

It may be wise for Rickie to evaluate her spending habits and prioritize her financial goals while considering her enjoyment of shopping.

Rickie should take a closer look at her spending habits and financial goals. She could start by creating a budget and tracking her expenses to gain a clear understanding of how much time and money she is spending on shopping.

By evaluating her spending patterns, Rickie can identify areas where she may be able to cut back or make adjustments, without completely giving up something she enjoys. For example, she could set a monthly shopping budget, limit impulsive purchases, or look for ways to save money while still enjoying the shopping experience, such as shopping during sales or using coupons.

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Here are the steps on how to create financial statements for Ice Cream Systems (ICS):

Set up the General Ledger accounts, Accounts Receivable, and Accounts Payable accounts.

Use the following blank forms (make as many copies as necessary). Insert the beginning balances from the Trial Balance and Schedules of Accounts Receivable and Payable.

Record all journal entries for the month.

Post the journal entries to the General Ledger.

Prepare the Balance Sheet, Income Statement, and Post-closing Trial Balance.

Upload the financial statements to the Penn Foster Library.

Step 1

Use the following blank forms to set up the General Ledger accounts:

blank General Ledger formOpens in a new windowWord Templates Online

blank General Ledger form

Insert the beginning balances from the Trial Balance and Schedules of Accounts Receivable and Payable.

Step 2

Record all journal entries for the month.

Use the following format for each journal entry:

DATE ITEM POST

REF. DEBIT CREDIT BALANCE

Step 3

Post the journal entries to the General Ledger.

To do this, simply enter the date, item, post reference, debit amount, credit amount, and balance for each journal entry in the appropriate columns of the General Ledger.

Step 4

Prepare the Balance Sheet, Income Statement, and Post-closing Trial Balance.

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Answer:

Beginning inventory

Explanation:

Beginning inventory refers to the finished goods that are still in the business premises at the beginning of a fiscal year. They represent the finished products that the business was not able to sell in the past period. Beginning inventory becomes part of the inventory to be sold in the current year.

Other terms that describe beginning inventory are opening inventory, opening stock, and balance brought forward.

Answer:

D- Beginning inventory

Explanation:

PAIBUC stands for Purpose, Audience, Information, Benefit, Urgency, and Call To Action.

PAIBUC is an acronym for Plan, Act, Implement, and Build Using Collaboration. It is a comprehensive process that organizations can use to create, plan, and implement projects while engaging in collective collaboration. The process starts with an initial plan, which is then followed by action steps to bring the plan to life.

Purpose: The purpose of the message should be to inform customers of the new product or service and to highlight the benefits that it offers.

Audience: The audience should be the customers of your organisation.

Information: The message should provide factual information about the new product or service.

Benefit: The message should also focus on the benefits that customers will receive from the new product or service.

Urgency: The message should create a sense of urgency for customers to take advantage of the product or service.

Call To Action: Finally, the message should include a clear call to action.

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Pick n Pay's proposed strategy, known as Ekuseni, aims to implement changes in their brand and take the fight to competitors. The strategy, conceived in September last year, focuses on strategic planning and was launched recently. While the strategy holds potential for success, there are risks associated with its implementation.

1. Pick n Pay's proposed strategy, called Ekuseni, includes changes to their brand and a competitive approach to rivals. This strategic plan was conceived in September last year, with the term Ekuseni referring to "dawn" in Zulu.

2. The strategy aims to revamp the brand image and position Pick n Pay as a strong competitor in the market. By taking the fight to competitors, the company intends to gain a competitive edge and attract more customers.

3. The launch of the new strategic plan indicates that Pick n Pay is committed to implementing this strategy and achieving its goals. It demonstrates the company's intention to adapt and stay relevant in the evolving market.

4. However, like any strategic plan, there are potential risks associated with its implementation. These risks include customer resistance to changes in the brand, increased competition from rivals, and potential financial strains due to the cost of rebranding and marketing efforts.

5. Customer resistance is a common risk when brands undergo significant changes. If the proposed strategy doesn't resonate with Pick n Pay's target market, it could lead to a decline in customer loyalty and affect sales.

6. Additionally, taking the fight to competitors may trigger retaliatory actions from rival companies. This could result in intensified competition, price wars, and potential market share loss for Pick n Pay.

7. Finally, implementing a new strategic plan involves financial investments. The cost of rebranding, marketing campaigns, and operational changes may strain the company's resources, potentially impacting its financial stability.

In conclusion, while Pick n Pay's proposed strategy holds promise for the company's growth and competitiveness, there are risks involved. Proper planning, market research, and effective execution will be crucial to mitigating these risks and ensuring the success of the strategy.

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Answer:

a. Adjusting Journal entry Accounts/ Explanations Debit Credit Bad Debts Expense $10,600 Allowance for Doubtful Accounts

Given:

The demand and supply functions are:

\(Q_d=500-3P\)

\(Q_s=100+5P\)

To find:

i. The equilibrium price and the equilibrium quantity.

ii. The consumer surplus .

iii. The producer surplus.

Explanation:

(i) At equilibrium, the demand and supply are equal. So, equating both functions, we get

\(500-3P=100+5P\)

\(500-100=3P+5P\)

\(400=8P\)

Divide both sides by 8, we get

\(\dfrac{400}{8}=P\)

\(50=P\)

Putting \(P=50\) in the demand function, we get

\(Q_d=500-3(50)\)

\(Q_d=500-150\)

\(Q_d=350\)

Therefore, the equilibrium price is 50 and the equilibrium quantity is 350.

(ii)

The area under the demand curve and above the equilibrium price is known as consumer surplus. It is represent by the green area in the below figure.

The area of a triangle is:

\(A=\dfrac{1}{2}\times base \times height\)

So, the area of consumer surplus is:

\(A=\dfrac{1}{2}\times 50 \times (500-350)\)

\(A=25 \times 150\)

\(A=3750\)

Therefore, the consumer surplus is 3750.

(iii)

The area above the supply curve and below the equilibrium price is known as producer surplus. It is represent by the purple area in the below figure.

So, the area of producer surplus is:

\(A=\dfrac{1}{2}\times 50 \times (350-100)\)

\(A=25 \times 250\)

\(A=6250\)

Therefore, the producer surplus is 6250.

An example of an equity investment is D. A company's stock

An equity investment is an investment in the ownership of a company or other entity, where the investor purchases a percentage of the company's shares. By doing so, the investor becomes a part-owner of the company, and as such, they may receive a portion of the company's profits through dividends or by selling their shares at a higher price.

Company stocks are the most common example of an equity investment. When an investor buys stocks, they are buying a portion of the ownership of that company, and therefore they are entitled to a share of the company's profits and assets. The value of a stock can increase or decrease based on the performance of the company and market conditions, making it a potentially high-risk but also high-reward investment. On the other hand, loans, company bonds, and government bonds are examples of debt investments, where the investor lends money to an entity in exchange for a fixed rate of return. Unlike equity investments, debt investments typically have a fixed interest rate and maturity date, and the investor does not own a portion of the company.

In summary, equity investments provide investors with an ownership stake in a company, while debt investments provide a fixed income stream. While equity investments can potentially offer higher returns, they also come with higher risks, and investors should carefully consider their investment objectives and risk tolerance before making any investment decisions.

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If the variable costs are $855, and the firm's revenues are $950, then the firm should cut down the variable cost in order to increase the profit or revenue as the fixed cost cannot be changed in short run.

A fixed cost is a cost that does not fluctuate with the production or sale of more or fewer goods or services.

Rent and leasing charges, salary, energy prices, insurance, and loan repayments are a few examples of fixed costs. There are some taxes that are fixed costs as well, such as company licenses.

Fixed costs are expenses that remain constant regardless of whether sales or production volumes rise or fall. This is so because they are not involved in the actual process of producing a good or providing a service. Fixed costs are therefore regarded as indirect costs.

The term "variable cost" refers to a sort of cost that will fluctuate in response to changes in production levels.

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The monthly payment of Mr and Mrs Wallace if they finance with an auto loan that is 2.9%apr would be given as  275.71

To calculate the monthly payment for a loan, we need to use the following formula:

Monthly Payment = (P * r) / (1 - (1 + r)^(-n))

where:

P = the principal amount borrowed (in this case, $15,000)

r = the monthly interest rate (which is the annual interest rate divided by 12)

n = the total number of payments (which is the number of years times 12)

First, we need to calculate the monthly interest rate:

Monthly interest rate = Annual interest rate / 12

Monthly interest rate = 2.9% / 12

Monthly interest rate = 0.0024166667

Next, we need to calculate the total number of payments:

Total number of payments = Number of years * 12

Total number of payments = 5 * 12

Total number of payments = 60

Now, we can plug these values into the formula:

Monthly Payment = (P * r) / (1 - (1 + r)^(-n))

Monthly Payment = (15000 * 0.0024166667) / (1 - (1 + 0.0024166667)^(-60))

Monthly Payment = 275.71

Therefore, Mr. and Mrs. Wallace's monthly payment for their auto loan will be $275.71.

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The time to report terrorist activity to the Financial Intelligence Center, after becoming aware of it, will vary according to local legislation.

It is necessary that such crimes are properly reported to the competent authorities, so that legal actions and protection of the homeland are taken as soon as possible.

Therefore, terrorism must be fought in the world, since it is an evil that causes violence, destruction and several other negative consequences that put democracy and the integrity of individuals at risk.

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