Listed below are current asset items for Lester Company at December 31, 2019. Finished goods inventory $35,000 Cash 22,000 Prepaid expenses 2,000 Accounts receivable 4,000 Short-term investments 25,000 Raw materials inventory 17,000 Work in process inventory 23,000 Supplies 500 Prepare the current assets section of the balance sheet. (List Current Assets in order of liquidity.)

Answer and Explanation:

The journal entries are given below:

On Apr. 30

Bonds payable $124,000  

Loss on redemption of bonds( bal fig)   $18,228  

          Discount on Bonds payable($124,000 - $111,972) $12,028

          Cash ($124,000 × 1.05) 1,30,200

(Being redemption of bonds at 105 is recorded)  

On Jun. 30

Bonds payable $162,000

Premium on Bonds payable($174,960 - $162,000) $12,960  

          Gain on redemption of bonds ( bal fig) $14,580

          Cash($162,000 × .99) $160,380

(Being redemption of bonds at 98 is recorded)  

Answer:

d. $1,725​

Explanation:

Note: The organized question is attached below

Cost of goods available for sale as on May

=> 20 * $110 = $2,200

=> 20 * $120 = $2,400

Total cost of goods available for sale = $2,200 + $2,400 = $4,600

Weighted average cost per unit = Cost of goods available for sale / Units in inventory

Weighted average cost per unit = $4,600 / (20 + 20)

Weighted average cost per unit = $4,600 / 40

Weighted average cost per unit = $115

Cost of goods sold by using weighted average method on May = Units sold * Weighted average cost per unit = 15 * $115 = $1,725

So therefore, the value of the cost of goods sold on May is $1,725

Answer:

A

Explanation:

A budget constraint is a graph that shows all the combination of goods a consumer can consume given  current prices and income of the consumer.

If income increases, the budget constraint will  shift out parallel to the old

If income decreases, budget constraint will  shift in parallel to the old one.

Answer:

Nil or $0

Explanation:

The entire amount of $1,720,000 should be reported as long term liability, as the both the criteria of intent and ability are met. The second note (long term note) was issued to repay the first one. It is presumed the firm did not have enough current assets to pay the first note and that the second note is made before the issue of the balance sheet. So, the amount to be reported as current liability is "nil".

Answer:

decreasing

Explanation:

Since in the question it is mentioned that of the consumer buy four DVds and he gets 40 utils and if he buy more he get more utils and so on so the utility of the consumer would be decreased in the case when he consumes more

Therefore as per the given situation the first option is correct

The same is considered and relevant too

Answer:

a. appreciate against the U.S. dollar.

Explanation:

Using relative purchase power parity  as example for explanation. Assume, the US inflation rate is 4 percent, the British inflation rate is 2 percent, and the current exchange rate is £0.60 to US$1.

The British inflation rate is 2% lower than the US inflation rate, so the British currency will appreciate by 2% against the US currency. So the exchange rate will be £0.60*0.98 = 0.588 to US$

Answer: skits?

Explanation:

Answer:

$19,500

Explanation:

The complete question is: "Each time the Company hires a new employee, it must wait for some period of time before the employee can meet production standards. New employees are paid $150 per hour. Management is unsure of the learning curve in its operation, but it knows the first job by a new employee takes 40 hours and the second and third job take 32 and 28 hours respectively. Assume all jobs to be equal in size. Assuming that the company uses the incremental learning curve method, the total labor cost for 4 units will be closest to?"

The first job takes 40 hours.

The next job takes 32 hours.

So, the total hours for first 2 jobs = 40 hours+ 32 hours= 72 hours

Average hours for first 2 jobs = 72 hours / 2 = 36 hours. Learning curve percentage = 36 hours / 40 hours = 0.9 = 90%

So, the average for 4 jobs (double of 2 jobs) shall be 36*90% = 32.40 hours. Hence, Total hours for 4 jobs = 32.40 hours * 4 = 129.60 hours ≅ 130 hours. So, the total labor cost for 4 jobs = 130 hours * $150 per hours = $19,500

Answer:

a. The clothing must not be suitable for everyday use and must be required as a condition of the job.

Explanation:

For the cost of special work clothes or uniforms to be deductible by the IRS, there must be a number of requirements, it is necessary that work clothes are required as a working condition and that the clothes are used only in the work environment, and not for the employee's personal use.

It is also necessary that the uniforms guarantee the conditions in accordance with the function performed, adding protection instruments when necessary for the health and safety of the employee, in addition, the costs with work clothes can be deductible when they present company logos by example, attesting that such clothing is not for personal use outside the workplace.

Answer:

d. $119,940

Explanation:

We must first calculate the weighted accumulated expenditures 2020:

capitalizable interests = $1,199,400 x 10% (interest rate of specific construction loan) = $119,940

you will consider other interest rates only if expenses are higher than the specific construction

Answer:

Yes, it is possible to balance profit and other business objectives with the goals and desire of society.

Explanation:

The primary reasons why businesses are in operation is to make profit. While there are other business objectives like capture a bigger market, provide better customer service, improve efficiency and employee trainings etc. yet its main aim is to make profit.

Ideally, societies would always expect a lot from businesses in terms of social responsibilities because they believe the profit made by businesses emanates from the society; through the purchase of their produce. Where there is no society, there would be no business.

Again, as a corporate and law abiding businesses, it is expected of them to give back to the society within which it operates because that is where the business generates profit to cover its running cost hence should be able to balance between what the society expect from them and what its business objectives are.

Answer:

You worked 6 hours

Explanation:

Answer:

6 hrs

Explanation:

Answer:

Milden Company

Traditional and Contribution Format Income Statements

1. A contribution format income statement for the next quarter:

Sales Revenue                            $1,815,000

less variable costs:

Cost of goods sold   $825,000

Sales commission         90,750

Shipping costs             165,000  1,080,750

Contribution                                $734,250

Fixed costs:

Shipping cost                 32,000

Advertising expense    182,000

Administrative salaries 92,000

Insurance expense       10,200

Depreciation expense 62,000   378,200

Net income                               $356,050

2. A traditional format income statement for the next quarter:

Sales Revenue                            $1,815,000

Cost of goods sold                         825,000

Gross profit                                  $990,000

Period costs:

Shipping costs               197,000

Sales commission          90,750

Advertising expense    182,000

Administrative salaries 92,000

Insurance expense       10,200

Depreciation expense 62,000   633,950

Net income                                $356,050

Explanation:

a) Data and Calculations:

Estimated sales units during the next quarter = 33,000

Selling price per unit = $55

Sales revenue = $1,815,000

Cost of goods sold = $825,000 ($25 * 33,000)

Sales commission = $90,750 ($1,815,000 * 5%)

Shipping expense:

Fixed element = $32,000

Variable cost =    165,000 ($5 * 33,000)

Total shipping expense = $197,000

Other fixed costs per quarter:

Advertising expense = $182,000

Administrative salaries $92,000

Insurance expense $10,200

Depreciation expense $62,000

b) With the contribution format income statement, all the variable costs (recognized as product costs) are deducted from revenue in order to determine the contribution margin before deducting the fixed costs.  The traditional format income statement does not compute contribution.  But it determines the gross profit, which is the difference between sales revenue and cost of goods sold.  Each method results in the same amount of net income, especially in the absence of inventories.

Answer:

I have no idea because I don't shop on ebay I shop on Amazon.

Explanation:

Answer: stakeholders

Explanation:

Stakeholders simply refers to an economic entity which could be an individual or an organization that is interested in a particular project or organization and can be impacted by the activities of such organization.

It should be noted that the main stakeholders in an organization are the investors, customers, the employees, and the suppliers. Therefore, the answer to the question is stakeholders.

Answer:

True

Explanation:

you need to attach a picture so people can see the choices

Answer:

a)

Assets         Liabilities       Equity      Revenue       Expenses     Net income

26,400        26,400              0                0                    0                   0

6,600          -6,600            6,000      6,600                 0               6,600

b) income statement

Revenues        $6,600

Expenses            $0    

Net income     $6,600

balance sheet

Assets

Cash $26,400

Total assets                                                    $26,400

Liabilities

Deferred revenue $19,800

Total liabilities                        $19,800

Equity

Retained earnings $6,600

Total equity                             $6,600

Total liabilities + equity                                   $26,400

Statement of cash flows

Cash flows from operating activities:

Net income                            $6,600

Adjustments to net income

Increase in liabilities             $19,800

Total cash flows from operating activities $26,400

Cash flows from investing activities                $0

Cash flows from financing activities                $0

Net increase in cash                                    $26,400

Initial cash balance                                          $0

Ending cash balance                                  $26,400

c) revenue recognized during year 2 = $19,800

Answer:

Results are below.

Explanation:

Giving the following information:

Selling price= $225

Unitary variable cost= 180 - 9= $171

Fixed costs= 324,000 + 40,500= $364,500

Units sold= 9,600

We need to make the new contribution margin income statement:

Sales= 9,600*225= 2,160,000

Total variable cost= (9,600*171)= (1,641,600)

Total contribution margin= 968,400

Fixed costs= (364,500)

Net income= 603,900

342618: Harvard

    I am sending these pants back because they are not the size pants I asked for. I asked for a 34 waist, and the ones you sent were 36 instead. I would like for the right pants sent to 911 west michigan rode. Or a complete refund.

(i did not use my real address)

Answer:

$45,450

Explanation:

your first year sales should be $500,000

your second year sales should be $500,000 x 1.03 = $515,000

your third year sales should be $515,000 x 1.03 = $530,450

total sales = $1,545,450

since you previously budgeted $1,500,000 in sales for the 3 years, you were off by $45,450

Answer:

Flatter structures are appropriate for organizations that empower employees to solve customer problems.

Explanation:

These are the options for the question below;

✓A taller structure will improve the speed at which decisions are implemented.

✓Flatter structures are appropriate for organizations that empower employees to solve customer problems.

✓With a tall structure, supervisors can avoid hearing about customer complaints.

✓A flatter structure will further centralize decision making.

From the question, we are informed about an instance, where The owner of the business where i work has asked for your advice on restructuring the organization. Since I know that customer service is the cornerstone of the company. In this case I will recommend Flatter structures which is the best structure for organization that give empowerment to their employees in order to be able to solve problems associated with customers.

Flatter structure in an organization can be regarded as a structure that posses limited level of management or no level existing between the staff employee and the management of the organization. Flatter structure gives little supervision to the employees though it brings in their involvement when it comes to decision making

.

Answer:

$344,000

Explanation:

Assets can be calculated by applying the accounting equations.  In the accounting equations

Assets = Liabilities + Equity

In this case, liabilities are  $117,000 and Equity is $227,000.

Therefore,

Assets = $117,000 + $227,000

Assets = $344,000

Answer:

The interpretation including its respondent is characterized throughout the explanation section following the table.

Explanation:

Answer:

$45,000

Explanation:

The computation of the income during the period is shown below:

Beginning stock holder equity

= $100,000 -  $60,000

= $40,000

And, the ending stockholder equity is

= $175,000 - $105,000

= $70,000

Now the net income is

As we know that

Net income = Ending balance + withdrawls - opening balance

= $70,000 + $15,000 - $40,000

= $45,000

Answer:

Part 1:

At an interest rate of 6% per year, the winner would be better off accepting the lump sum, since it has the greater present value.

At an interest rate of 9% per year, the winner would be better off accepting  lump sum, since it has the greater

Part 2:

a. The lump sum is always better.

Explanation:

This question can be answered in two parts as follows:

Part 1: Decision to accept lump sum or series of payment

This can be deteermined using the present values of both forms of payments.

Present value of the lump sum = $3,000

Present values of the series of payment at 6% and 9%

Since the amount to receive is an equal amount of $1,000 annually, we use the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value =?

P = Annual receipt payment = $1,000

r = Interest rate = as given

n = number of years = 3

Substitute the values into equation (1), we have:

PV of series of payment at 6% annual interest = $1,000 * ((1 - (1 / (1 + 6%))^3) / 6%) = $2,673.01

PV of series of payment at 9% annual interest = $1,000 * ((1 - (1 / (1 + 9%))^3) / 9%) = $2,531.29

Therefore, we have:

At an interest rate of 6% per year, the winner would be better off accepting the lump sum, since it has the greater present value.

At an interest rate of 9% per year, the winner would be better off accepting  lump sum, since it has the greater

Part 2: Advising a friend

a. The lump sum is always better.

This is because the idea of a present value is that the worth of an amount of money today is more than the worth of the same amount in the future.

From part 1 above, future series of payment have to bee discouted at 6% and 9% and the present values are less than the lump sum using both interest rates. In addition, the higher the interest rate, the lower the present value.

Therefore, the lump sum is always better.

Answer:

In his recent Harvard Business Review blog post, Peter Bregman describes a scenario where a hopeful employee missed out on a promotion in part because he didn’t say thank you. I can only begin to imagine the employee’s disappointment over what appears to have been such a trivial oversight.

This example highlights the importance of having an appreciation for the corporate culture and the national culture of the organization and the stakeholders with which you are working. This appreciation of culture—including national culture—is of paramount importance on projects too.

Many projects today span organizations, countries, and time zones. Business analysts and project team members will be interacting with multiple stakeholders, potentially distributed all over the globe.

The reality—and this certainly won’t come as a surprise—is that different cultures are different. They have different values, norms, rituals, and expectations. This complex stakeholder landscape raises the risk of inadvertent misunderstandings, conflict, and culture clash.

When working with stakeholders to understand their needs and requirements, it’s essential to build rapport—and this requires empathy and understanding of differences in cultures.

One of the challenges is that while it’s easy to observe the culture of others, it’s often difficult to look introspectively and observe our own culture. I spent most of my childhood years in Britain, but I spent one year in the US. I remember subtle differences in language, as well as significant differences in culture. I remember my American friends were far more forthright and direct in their communication; we Brits tend to hide behind politeness and indirectness.

Neither is inherently better or worse—just different. However, the important point is that we tend to observe others through our own internalized cultural lens.

An important way to avoid culture clashes on projects is to focus on developing self awareness of culture—that is, to understand our own cultural identity and norms.

Professor Geert Hofstede has written and researched on cultural differences, and the Hofstede Centre website provides a useful reference point for understanding how your native culture compares with others, as well as how others might perceive your culture. Hofstede proposes a number of cultural dimensions on which cultures can be compared.

This is extremely useful to consider for projects that span countries and cultures—as different cultures have different attitudes toward authority, for example. This might affect how you elicit requirements. In a highly hierarchical culture, lower-ranking employees might not feel empowered to speak openly in front of their supervisors, and you may need to plan for this.

Whilst Hofstede’s research is extremely useful, it’s also beneficial to understand specific cultural norms and practices. It is well worth reading cultural guides so you can build an understanding of any specific cultural practices that might be important to your stakeholders. This kind of knowledge will help you avoid inadvertent cultural slip-ups.

For projects that span countries and nationalities, culture matters. Cultural research and self-awareness pay dividends.

Explanation:

...........

Explanation:

Globalization and new technologies have impacted social and economic relations around the world. The distances between countries have become shorter as a result of internet communication, in addition to the transport and flow of information, which occurs instantly in everyone today.

This new scenario enabled the expansion of businesses in search of profitability and cost reduction, companies opened new branches in different countries and diversified their work environment, making it multicultural, with workers of different cultures and values. This environment allows a very positive exchange for organizations, which achieve innovation and creativity through people with different worldviews.

Globalization has also impacted the way companies are perceived, they are no longer just profitable entities to become promoters of social and environmental responsibility, due to the way that society changes its consumption and interaction paradigms and encourages companies to adapt to continue meeting society's demand. The organizational image strengthened through social programs and reduction of environmental impact provides long-term competitive and strategic advantages for companies, such as attracting investors, greater value for stakeholders, continuous improvement, etc.

Answer:

d. $121560

Explanation:

weighted accumulated expenditures 2020:

capitalizable interests = $1,215,600 x 10% (interest rate of construction loan) = $121,560

you will consider other interest rates only if expenses are higher than the specific construction

Due to an increase in the marginal cost of production for more units than the marginal product of labor is increasing.

Marginal production is the additional production of units and additional input of labor over the expected production level. The cost incurred for the marginal production changes in total, but remain constant per unit of production.

There is a direct relationship between the marginal cost of production and the marginal product of labor.

Since the labor is the only variable input for the production and the marginal cost of production is diminishing, this means the cost of producing an additional unit of production is lower.

Thus, the reduction in the marginal cost will increase the marginal product of labor.

Learn more about marginal production here,

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