Answer:
the variable overhead rate variance is $596 favorable
Explanation:
The computation of the variable overhead rate variance is shown below:
= Standard overhead rate × actual direct labor hour - actual overhead
= $7 × 1,490 direct labor hours - $9,834
= $10,430 - $9,834
= $596 favorable
hence, the variable overhead rate variance is $596 favorable
12. Paid Office Station Co. for part of the debt incurred on April 5, $1,200. 12. Provided services on account, $4,200.
1. Paid Office Station Co. for part of the debt incurred on April 5, $1,200.
Debit: Accounts Payable - Office Station Co.$1,200
Credit: Cash $1,200
2. Provided services on account, $4,200.
Debit: Accounts Receivable $4,200
Credit: Service Revenue $4,200
To pay off the remaining balance owing to Office Station Co., a debit is sent to the accounts payable account. To account for the cash outflow, the Cash account is credited. This journal entry records the settlement of a portion of the debt incurred on April 5 with Office Station Co.
The acknowledgment of revenue for services rendered to a client on the account is represented by this journal entry. To reflect the increase in the amount due by the client, the Accounts Receivable account is debited.
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The complete question is probably
Write journal entries
12. Paid Office Station Co. for part of the debt incurred on April 5, $1,200. 12. Provided services on account, $4,200.
what amount of Capital could be raised by Transnet
The amount of capital that Transnet is said to be able to raise is put at R100 billion business by 2020.
What is Transnet?This is the name of a railroad company that was established in South Africa. The company is known for the fact that it is a port, a rail and a pipeline company in the nation.
According to the goals of the company, there goal is to grow the business to have a R100 billion business by 2020. This business is a limited liability company that is owned majorly by the Department of Public Enterprises of South Africa. The government of the country are known to be the sole share holder that the business has in the nation.
So based on the question that we have here we can conclude that the The amount of capital that Transnet is said to be able to raise is put at R100 billion business by 2020.
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Prepare a comparative income statement for any company extracting their P&L statement for the years 2020-21 & 2021-22. Analyse the incline and decline in the different elements in the P&L Statement and provide detailed insights.
Answer:
this is my own answer
Explanation:
hi
How to Prepare a Comparative Income Statement?
Step 1: Specify absolute figures of items like goods sold, net sales, selling expenses, etc., relating to the accounting period under consideration for analysis.
Step 2: Calculate the absolute change in the items mentioned in the income statement.
1. Do you think the minimum wage should be increased in California, as is proposed? Why or why not? Remember, many firms must give everyone raises when minimum wage increases to keep all their workers happy. 2. In your opinion, what was the original purpose of the minimum wage? Was it meant to be a living wage?
Those little ______ will grow up to be ants someday.
Select the correct text in the passage.
Which sentence demonstrates the use of secondary market research technique?
Keith wants to start a fast-food stall. 1. He interviewed people in the area where he wants to put up his stall. 2. He also gave out questionnaires to
understand people's opinions. 3. He worked out the cost and investment details with the help of the Internet. He is now all set to speak to the
bank to apply for a business loan.
Answer: I heard its the second option, I cannot verify that. But i do have the awnsers to every question for the final in Entrepreneruship, Its on quizlet labeled Entrepreneurship. 37 terms.
Explanation:
Answer:
3. "...with the help of the internet"
Explanation:
In the tutorial it states examples of secondary market research (ex. journals, trade magazines, trade associations, or the Internet"
((Currently doing my final exam, hope all goes well with those taking the final as well))
Review the following choices, then choose the only response that does NOT describe a due diligence requirement for an individual who is paid to prepare returns for taxpayers claiming the head of household filing status and/or one or more of the following credits: the Earned Income Tax Credit, the American Opportunity Tax Credit, the Child Tax Credit/Additional Child Tax Credit, and the Other Dependent Credit.
A. Brynn (16) a full-time high school student. The taxpayer is her 22 year old sister
B. Maeve (23) a full-time student. The taxpayer is her 68 year old grandmother
C. Noah (24) a full-time student. The taxpayer is his 22 year old brother
D. Yasmine (33) who is totally and permanently disabled. The taxpayer is her 30 year old brother
The response that does not describe a due diligence requirement for an individual who is paid to prepare returns for taxpayers claiming the head of household filing status and/or one or more of the following credits is D. Yasmine (33) who is totally and permanently disabled. The taxpayer is her 30 year old brother.
What is returns for taxpayers ?A tax return can be described as the documentation that is been filed along with the tax authority . It should be noted that this help to give the reports of the income as well as the expenses that regards the financial information.
As regards to the case above, where there is no due diligence requirement for an individual as described we can see tin the case of Yasmine with the total disability.
In conclusion, on the tax returns, the tax liability ca be estimated by the payers with the schedule tax payments. Therefore, option D is correct.
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Question 2 of 20
Lexi wants to open an account where she can access the funds she needs to
pay her rent and other bills any time she wants. Which type of account would
be the best option for Lexi?
OA. A checking account
OB. A certificate of deposit
OC. A savings account
D. A money market account
SUBMIT
The best option for Lexi, who needs access to funds anytime she wants to pay her rent and other bills, would be a checking account (option A).
Checking accounts offer features such as check writing, debit card usage, and online banking, allowing Lexi to conveniently and quickly access her money whenever needed. With a checking account, she can easily pay bills by writing checks or using electronic payment methods.
In contrast, options B and C, a certificate of deposit (CD) and a savings account, respectively, may not be the best fit for Lexi's immediate needs. A CD typically requires the funds to be locked in for a specified period of time, usually ranging from a few months to several years, with limited or no access to the funds until the maturity date.
Option D, a money market account, is another viable choice for Lexi. Money market accounts often offer higher interest rates than traditional savings accounts, and they also provide check-writing and debit card capabilities. However, some money market accounts may have minimum balance requirements or limitations on the number of transactions.
Option A.
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If Amelia would like to double her money in twelve years, how much interest does she need to earn O 12 percent O 16.6 percent O 6 percent 10 percent
Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.
To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.
This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.
To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.
2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)
Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]
Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)
Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)
Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n
Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)
Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)
We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.
Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.
Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent
Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent
Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent
Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent
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three most difficult responsibility of managing your family
Answer:
1) to do all the chores
2) to understand and stop family fights
3) to take care of a sick family member
9. What do extraversion, openness, conscientiousness, neuroticism, and agreeableness have in common?
O A. They're all humors as proposed by Hippocrates.
O B. They're each one of the Big Five Personality Traits
O C. They're all traits that successful CEOs have.
O D. They're all ancient Greek concepts that shaped psychology.
Extraversion, openness, conscientiousness, neuroticism, and agreeableness have common factors in that these are the part of "Big 5" personality traits. Thus, the correct answer is option B.
What are Big 5 personality traits?The Big Five personality traits are a proposed taxonomy or grouping of personality traits developed in psychological trait theory beginning in the 1980s. Extraversion, openness, conscientiousness, neuroticism, and agreeableness are the "Big 5" interpersonal qualities.
Extraversion is associated with sociability, agreeableness with kindness, openness with creativity and intrigue, conscientiousness with thoughtfulness, and neuroticism with sadness or emotional instability.
Therefore, each one of the mentioned characteristics are a part of Big Five Personality Traits.
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Matching Items Reported to Cash Flow Statement Categories (Indirect Method)
Reebok International Ltd. is a global company that designs and markets sports and fitness products, including footwear, apparel, and accessories. Some of the items included in its recent annual consolidated statement of cash flows presented using theindirect method are listed here.
Indicate whether each item is disclosed in the Operating Activities (O), Investing Activities (I), or Financing Activities (F) section of the statement or (NA) if the item does not appear on the statement. (Note: This is the exact wording used on the actual statement.)
_____ 1. Dividends paid
_____ 2. Repayments of long-term debt
_____ 3. Depreciation and amortization
_____ 4. Proceeds from issuance of common stock to employees
_____ 5. [Change in] Accounts payable and accrued expenses
_____ 6. Cash collections from customers
_____ 7. Net repayments of notes payable to banks
_____ 8. Net income
_____ 9. Payments to acquire property and equipment
_____ 10. [Change in] Inventory
Answer and Explanation:
The matching is as follows:
1. It is a financing activity
2, It is also a financing activity
3. It is an operating activity
4. It is a financing activity
5 It is an operating activity
6. It is NA
7. It is a financing activity
8. It is an operating activity
9. It is an investment activity
10. It is an operating activity
In this way, it should be matched with the transactions given in the question
The same would be relevant and considered
* READING ASSIGMENT
Error affect control and subsidiary ledger accounts
A mistake was made in posting the sum of subsidiary books to the ledger. the Trial Balance's omission of an account balance.
Which errors can affect the balancing of trial balance?A mistake was made in posting the sum of subsidiary books to the ledger. the Trial Balance's omission of an account balance. incorrectly displaying the account balances in the Trial Balance or by using the incorrect values. erroneous account balance computation. Although it contains the exact balances needed to create a company's financial statements, the control account keeps the general ledger clear of unnecessary information. The subsidiary ledger makes it possible to keep a closer eye on the transactions that take place in the control account. Duplicating the same entry or recording a correct account to the incorrect vendor or customer are examples of accounting errors. No entry is made even though there was a transaction for the time, which is known as an error of omission.To learn more about trial balance refer to:
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Which of the following did the New Deal create?
A. The stock exchange
B. Unemployment benefits
C. Quotas
D. tariffs
Unemployment benefits is what the New Deal created. Option B
What is known as the New Deal?President Franklin D. Roosevelt launched a number of projects and programs known as the "New Deal" in an effort to bring prosperity back to Americans during the Great Depression. Roosevelt moved quickly to stabilize the economy, offer jobs to people in need, and provide assistance after taking office in 1933.
The New Deal pushed people back to work and restored a sense of security. It established the foundation for a regulatory state that could safeguard the interests of all Americans, regardless of their socioeconomic status, and so encourage the corporate sector to function more effectively.
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What word do we use when we describe an economy with a high unemployment rate and little growth while prices are still rising?
Answer:
i dont know to be honest can you tell me
Explanation:
Answer: Stagflation
Explanation:
4 "Youth culture" is a term that marketers use when they are trying to sell their product to which group?
children between the ages of 1-5
children between the ages of 6-10
teenagers
college students
Suppose that there is a tax of $1 per unit, and the elasticity of supply is 3 and the elasticity of demand is 2 (in absolute value). How much of the $1 tax is paid by sellers?
Answer:
The amount of the $1 tax that is paid by sellers is $0.40.
Explanation:
The amount of tax paid by the sellers can be calculated using the following 2 steps:
Step 1: Calculation of the tax burden of the seller
This can be calculated using the following formula:
Tax burden of the seller = Elasticity of demand / (Elasticity of demand + Elasticity of supply) ............... (1)
Where;
Tax burden of the seller = ?
Elasticity of demand = 2
Elasticity of supply = 3
Substituting the values into equation (1), we have:
Tax burden of the seller = 2 / (2 + 3) = 2 / 5 = 0.40, or 40%
Step 2: Calculation of the amount of the $1 tax that is paid by sellers
This can be calculated using the following formula:
Tax paid by the sellers = Tax amount * Tax burden of the seller .................. (2)
Where;
Tax amount = $1
Tax burden of the seller = 40%
Substituting the values into equation (2), we have:
Tax paid by the sellers = $1 * 40% = $0.40
Therefore, the amount of the $1 tax that is paid by sellers is $0.40.
Additional note:
The answer above clearly demonstrates what obtains in economics that when supply is more elastic than demand, sellers will bear less of the tax burden, and when demand is more elastic than supply, sellers will bear more of the tax burden.
From the question, the fact that the elasticity of supply is 3 and the elasticity of demand is 2 (in absolute value) indicates that supply is more elastic than demand. This makes the sellers to bear only 40% of the tax burden while the buyers bear the remaining 60%.
During which period of time could one sag that the US economy was operating at point A
Answer:
the great depression
Explanation:
there is a significant downfall in the economy
On the morning of July 15, 2006, fourteen school buses were vandalized. The buses, property of Walt Whitman Middle School, were parked in the "bus barn" on campus. The vandals spray-painted the buses with pictures of dogs. Dogs happen to be the mascot of rival school Edgar Allan Poe Academy. This has led some to believe that some students from EAPA may be the culprits in the incident. Says the mother of one Walt Whitman student, "Oh, yeah, the [Edgar Allan] Poe [Academy] kids are definitely responsible. Those kids don't have any discipline, and they're still stewing over the loss of last week's football game." Police, however, say that they currently have no suspects.
The article above is an example of a human interest story.
True
False
Which aspect of production planning might make use of a Gantt chart?
A.
routing
B.
loading
C.
scheduling
D.
dispatching
E.
inspection
Recently, "de-dollarization" has become a hot topic of global discussion. Recently, a Chinese think tank published an article saying that the trend of global de-dollarization has become very clear, and many countries in the world are working hard to reduce their dependence on the US dollar. The main driving force for this trend is my country's weaponization of its currency through excessive sanctions.
De-dollarization, or the reduction of dependence on the US dollar in global financial transactions, has indeed gained attention in recent years. While it is true that some countries are actively working to diversify their currency holdings and reduce reliance on the US dollar, it is essential to consider multiple factors that contribute to this trend.
One of the factors that have led to discussions about de-dollarization is the use of economic sanctions by the United States. Economic sanctions can be a powerful tool for a country to exert pressure on another nation, but they can also have unintended consequences. When the US imposes sanctions, it often restricts access to the US financial system, which is heavily reliant on the US dollar. This has prompted some countries to explore alternative methods of conducting international trade and finance to mitigate the impact of sanctions.
China, as a rising economic power, has been at the forefront of efforts to promote de-dollarization. It has taken steps to internationalize its currency, the yuan (also known as the renminbi), and has established currency swap agreements with various countries to facilitate trade settlements in yuan. Additionally, China has been promoting the use of its currency in international transactions through initiatives like the Belt and Road Initiative, which aims to enhance trade connectivity and financial integration among participating countries.
While weaponization of the US dollar through sanctions is indeed a contributing factor to the de-dollarization trend, it is not the sole driver. Other factors include concerns about the long-term stability of the US dollar, efforts by countries to reduce vulnerability to currency fluctuations, and geopolitical considerations. Some countries view de-dollarization as a way to enhance their economic and financial sovereignty, diversify risk, and reduce exposure to potential US policy changes.
It is important to note that the process of de-dollarization is gradual and complex. The US dollar still remains the dominant global reserve currency and the primary currency for international trade. The global financial system has deep-rooted structures and networks that make a rapid shift away from the US dollar challenging. However, as various countries seek to reduce their dependence on the US dollar, we can expect ongoing discussions and actions related to de-dollarization in the global economic landscape.
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Which statements apply to a certificate of deposit (CD)? Choose two answers.
It is always purchased as a short-term investment.
It can be purchased from a banking institution.
It is always purchased as a long-term investment.
It can be purchased for almost any amount.
It is purchased through an individual's employer.
The statements that apply to a certificate of deposit include;
It can be purchased from a banking institution.It can be purchased for almost any amount.What is a certificate of deposit?A certificate of deposit is a low-risk investment where the owner fixes a sum of money in an account for a period of time after which he can collect the investment along with interest accrued.
Banks and credit unions are main financial institutions known for issuing certificates of deposits.
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Answer:
B,D
Explanation:
decides to construct a complete portfolio by choosing one risky portfolio and a risk -free asset, what will determine the risky portfolio choice
The proportions of each asset, their standard deviations, and the correlation (or covariance) between the returns of the various financial assets will determine the risky portfolio.
How does a risky portfolio work?The following are the various risky portfolio categories:
The majority of publications state that between 15% and 40% of a low-risk portfolio are stocks.
The medium risk ranges from 40% to 60%.
The typical threshold for high risk is 70% or higher.
Bonds, money market funds, property funds, and cash are all examples of lower-risk asset classes that make up the remaining assets in the portfolio.
The risk of an investment can be determined using the Standard Deviation method. The measure of how distinct individual returns are from the average of those returns is known as the standard deviation in statistics .
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Rooms or flights can be booked together when people are all coming to the same location at the same time, such as for a wedding or school trip. This best describes
catering event sales
convention and conference sales
group sales
meeting room sales
The best description of the notion that rooms or flights can be booked together for people going on the same trip is C. group sales.
What are group sales?Group sales refer to a selling strategy where a seller is able to sell their products to different people as a group. As a result of this sales as a group, there are often discounts thanks to the seller being able to pool costs.
An example of group sales is when different people go on a trip together and so book their flights, and rooms together. This allows them to save on costs because they would often get discount deals.
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Mary lives in a remote mountain town. The community has been approached by a nuclear power company to build a waste storage facility in an abandoned salt mine in the area. Geologists have surveyed the mine and confirmed that the rock structure is very stable, but Mary still opposes the project. What is her primary concern likely to be?
A.
the cost of construction
B.
reduction in salt supplies
C.
reduction in property values
D.
risk of leakage from the nuclear waste containers
Answer:
Explanation:
D. risk of leakage from the nuclear waste containers
why the foreign employment is considered a challenge?discuss and write.
Answer:
Foreign employment is concider as challenge because of the employment are forced to work for long hours without any holiday, some of employees are physically as well as mentally tortured and exploited by there co-employee, some of the people don't know the language of foreign countries. It is very important for mutual communication in foreign countries.
Hope that it will help you.
A sales associate authorized to negotiate a sale of property has the authority to
Has the authorization to perform underneath the supervision of a broker or, in certain circumstances, a founder.
A sales assistant who's been authorized to negotiate this same acquisition of real estate seems to have the authorization to operate under the supervision of a real estate agent or, under certain circumstances, ownership.He isn't permitted to modify legal requirements, or to affect the price or conditions of a specific asset without the supervisor's explicit approval.
Thus the above response is right.
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Definition of meeting
Interaction with someone is called meeting..
according to me yes
Jeannie plans to deposit $6,000 in a money market sinking fund at the end of each year for the next four years. What is the amount that will accumulate by the end of the fourth and final payment if the sinking fund earns 9% interest
Answer:
$27,439
Explanation:
Calculation for the amount that will accumulate by the end of the fourth and final payment
First step is to find the FV of an ordinary annuity of $1 using the table
FV=?
Number of years= 4
interest= 9%
Hence,
FV of of an ordinary annuity of $1 =4.5731
Now let calculate the that will accumulate by the end of the fourth and final payment
End of the fourth and final payment Accumulated amount = $6,000 × 4.5731
End of the fourth and final payment Accumulated amount = $27,439
Therefore the amount that will accumulate by the end of the fourth and final payment will be $27,439
PB10-4 (Algo) Comparing Bonds Issued at Par, Discount, and Premium [LO 10-3]
Marshalls Corporation completed a $540,000, 8 percent bond issue on January 1, 2021. The bonds pay interest each December 31 and mature 10 years from January 1, 2021.
Required:
For each of the three independent cases that follow, provide the amounts to be reported on the January 1, 2021, financial statements immediately after the bonds were issued
The amounts that would be reported on January 1, 2021, financial statements of Marshalls Corporation after the issuance of the bonds under these three independent cases are as follows:
Financial statements Case A Case B Case C
(Issued at 100) (Issued at 96) (Issued at 104)
a. Bonds Payable $540,000 $540,000 $540,000
b. Unamortized Premium
(or discount) $0 $21,600 $21,600
c. Carrying Value $540,000 $518,400 $561,600
Data and Calculations:Face value of bonds payable = $540,000
Bond interest = 7%
Bonds issued at par (at 100):
Face value of bonds payable = $540,000
Cash proceeds = $540,000
Unamortized premium (or discount) = $0 ($540,000 - $540,000)
Bonds issued at discount (at 96):
Face value of bonds payable = $540,000
Cash proceeds = $518,400 ($540,000 x 96%)
Unamortized discount = $21,600 ($540,000 - $518,400)
Bonds issued at premium (at 104):
Face value of bonds payable = $540,000
Cash proceeds = $561,600 ($540,000 x 104%)
Unamortized premium = $0 ($561,600 - $540,000)
Question Completion:Marshalls Corporation completed a $540,000, 7 percent bond issue on January 1, 2021. The bonds pay interest each December 31 and mature 10 years from January 1, 2018.
Required: For each of the three independent cases that follow, provide the following amounts to be reported on January 1, 2018, financial statements immediately after the bonds were issued: (Deductions should be indicated by a minus sign.) January 1, 2018—Financial statements Case A (Issued at 100) $ 650,000 Case B (at 96) 650,000 Case C (at 104) 650,000 $ $ a. Bonds Payable b. Unamortized premium (or discount) c. Carrying Value
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