Bill Darby started Darby Company on January 1, Year 1. The company experienced the following events during its first year of operation: 1. Earned $16,200 of cash revenue. 2. Borrowed $12,000 cash from the bank. 3. Adjusted the accounting records to recognize accrued interest expense on the bank note. The note, issued on September 1, Year 1 had a one-year term and an 8 percent annual interest rate. Required: What is the amount of interest payable at December 31, Year 1?

Answers

Answer 1

The amount of interest payable on December 31, Year 1, is $240.

This is calculated by taking the borrowed amount of $12,000, multiplying it by the annual interest rate of 8%, and then dividing by the number of months in a year (12). This gives a monthly interest expense of $80, which, when multiplied by the number of months from September 1 to December 31 (4), gives a total interest expense of $320. However, since the interest was only accrued for 4 months, we need to divide this by 3 to get the amount of interest payable on December 31, Year 1, which is $240.

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Related Questions

A law-enforcement officer or government agent doesn't need a search warrant to search the premises of a munitions factory.

Answers

It is false that a law-enforcement officer or government agent doesn't need a search warrant to search the premises of a munitions factory.

Who is a law enforcement officer?

A law-enforcement officer  is an individual who have been endorsed by the government to ensure compliance of laws and regulation.

An  agent must obtain a search warrant before conducting a search of any premises. One of the  Amendment of the US Constitution protects citizens against unreasonable searches and seizures, and a warrantless search would be considered unconstitutional. In order to obtain a warrant, the officer must provide probable cause to a judge, who will then issue the warrant if the cause is deemed sufficient

Therefore, a  law-enforcement officer or government agent need a search warrant to search the premises of a munitions factory.

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Disadvantages of choosing a job that is extremely popular or in demand

Answers

The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

What is a high demand job?

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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Rick has a great idea about a new product to sell. He needs
money to get started building his brand. What type of loan does
he need?
A. Mortgage
B. Business
C. Home equity
D. Auto

Answers

He needs a business loan so it would be B

According to the communication model, the coding and decoding process is more effective when Multiple Choice the sender is sending this message for the first time to anyone. the sender and receiver have shared mental models of the communication context. the receiver dislikes the communication channel the sender has selected to convey the message. the sender and receiver have significantly different codebooks.

Answers

According to the communication model, the coding and decoding process is more effective when the sender and receiver have shared mental models of the communication context. Option B is answer.

In the communication model, coding refers to the process of converting the sender's message into a form that can be transmitted through a communication channel, while decoding refers to the process of interpreting and understanding the received message. Effective communication occurs when both the sender and receiver have a shared understanding of the context in which the communication takes place. This includes having shared mental models, which are common frameworks of understanding and knowledge about the subject matter being communicated.

Option B, "the sender and receiver have shared mental models of the communication context," is the correct answer as it reflects the importance of shared understanding in the coding and decoding process.

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What phrase describes businesses who develop a positive relationship to
society

Answers

Social responsibility

question content areaaiden performs services for lucas. which of the following factors indicates that aiden is an employee rather than an independent contractor? a.aiden obtained his training (i.e., job skills) from his father. b.aiden is paid based on hours worked. c.aiden provides his own support services (e.g., work assistants). d.aiden makes his services available to others.

Answers

A number of facts point to Aiden is paid based on hours worked.

What is independent contractor?

A person or corporation that does services for another firm or person is known as an independent contractor. Independent contractors, as contrast to employees, are not employees of the business or person they work for. Instead, they have agreements to work on projects or activities that are specific to their clients. Typically self-employed, independent contractors are liable for their individual taxes, insurance, as well as other relevant costs. They do not have the same rights to benefits like paid time off, medical insurance, or employers' compensation as normal employees. Independent contractors frequently receive a flat charge for their services, and are typically compensated on a project- or task-basis.



There is a correct answer is B
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According to the video, what are general and operations managers expected to provide for a company? select two options. funding special events a vision leadership

Answers

Option c and d: A vision and leadership. The general and operations managers expected to provide for a company a vision and leadership.

A general manager is a high-level executive responsible for overseeing the day-to-day operations of an organization. They are typically responsible for the organization's overall financial performance, setting and achieving goals, developing strategy, and providing leadership and guidance to employees.

Operations managers are the people responsible for the day-to-day operations of a company or organization. Responsible for managing staff, overseeing the budget, making decisions, and ensuring that the organization operates efficiently and effectively.

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Complete question:

According to the video, what are general, and operations managers expected to provide for a company? select two options.

a: funding

b: special events

c: a vision

d: leadership

Answer:c and d

Explanation:took test on edge

Using demand curves, what would happen if the price of pop increases?
o. Demand for pop will increase
b. The demand curve will shift to the right
c. Demand for pop will decrease
The demand curve will shift to the left

Answers

Using demand curves, if the price of pop increases, then, the demand for pop will decrease. The Option

How does demand for product change in response to a change in price?

According to demand law , as the price of a product increases, the quantity demanded of that product will decrease. This inverse relationship between price and quantity demanded is illustrated graphically by a downward-sloping demand curve.

Therefore, if the price of pop increases, the demand for pop will decrease. This can be shown by a movement up along the demand curve, resulting in a lower quantity demanded at each price point.

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A $20 bill features which of the following on the reverse?
A. US Treasury
B. White House
C. US. Capital
D. Independence Hal

Answers

Answer:

B. White House

Explanation:

A portrait of the White house is the main feature visible at the reverse of a $20 bill. The bill has security features, but the White house Image is dominant. At the front, a portrait of the 7th US president Andrew Jackson is visible

You may need to use the appropriate appendix table to answer this question.

Only 0.03% of credit card holders of a company report the loss or theft of their credit cards each month. The company has 20,000 credit cards in the city of Memphis. Use the Poisson probability tables to answer the following questions. (Round your answers to four decimal places.)

What is the probability that during the next month in the city of Memphis, every credit card is lost or stolen?

Answers

The probability that during the next month in the city of Memphis, every credit card is lost or stolen is approximately 0.0025.

We are given that the proportion of credit card holders who report loss or theft of their credit cards is 0.03%. We have to find the probability that every credit card is lost or stolen during the next month in the city of Memphis.

To solve the above problem, we have to use the Poisson distribution formula.

Poisson distribution formula is:

P(x; μ) = (e^-μ) (μ^x) / x!

Here,x = 0 (every credit card is lost or stolen)

μ = mean or average number of successes in the given time interval= λ × t, where

λ = rate of success, which is the expected number of successes per unit time or space.

For this problem,λ = number of credit card holders who report loss or theft of their credit cards= 0.03% of 20,000 (credit cards in the city of Memphis)= 0.03/100 × 20,000= 6

t = time interval = 1 month

Now, let’s put the values of λ and t into the formula:

P(x = 0; μ) = (e^-μ) (μ^x) / x

!P(x = 0; 6) = (e⁻⁶) (6^0) / 0

\!P(x = 0; 6) = (e⁻⁶)

Therefore, the probability that during the next month in the city of Memphis, every credit card is lost or stolen is approximately 0.0025.

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a chronological record of an entity's transaction is called a(n): a) balanced sheet b) ledger c) trial balance d) journal

Answers

A chronological record of an entity's transactions is called a ledger, option b.

The correct answer is b) ledger. A ledger is a book or electronic record that contains a chronological record of all financial transactions made by an entity. It serves as a central repository for recording and organizing financial information, providing a detailed account of each transaction.

In the ledger, each transaction is recorded in a separate account, such as cash, accounts receivable, accounts payable, inventory, and so on. The ledger provides a complete and systematic overview of the entity's financial activities, allowing for easy tracking and analysis of the company's financial position and performance.

Unlike a journal, which is used to initially record transactions in chronological order, the ledger organizes and summarizes these transactions into specific accounts. It helps maintain the balance and accuracy of the entity's financial records by ensuring that the debit and credit entries for each transaction are correctly recorded and balanced.

In summary, a ledger is the chronological record of an entity's transactions and plays a crucial role in maintaining accurate financial records and providing an overview of an entity's financial activities.

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the exponential form of 6×6×6×6 is 6 the base is 4 True or False?​

Answers

false because the base is 6 and the exponent is 4

what’s one category you wish fewer taxes were spent on? why?

Answers

I wish less tax money went toward healthcare. While everyone's health is important, I believe there are other social issues that are more pressing and need attention, such as the federal debt or veterans' benefits.

What exactly is a tax?

We engage in financial transactions every day, and taxes play a significant role in those transactions. A portion of the money we spend goes into maintaining the area in which we live, whether it is on groceries, a home, or gas.

Taxes are sums of money that an individual or organization must pay to tax bodies to support public spending. Without expecting anything in particular in return, taxpayers pay taxes in accordance with national tax regulations. Taxes are used by governments to fund internal operations, new infrastructure, public health, education, and security.

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Corrie bought a new flat screen 70 inch television and a speaker system from a local electronics store on credit. The store will charge 12% per year compounded monthly. Their monthly payments are $174. 80 for 3 years. What is the cash price of her purchase?.

Answers

The situation can be seen as present value of an annuity and therefore, the cash price is $5262.79.

The situation can be solved using present value of annuity, given by the formula:

PV = C . [1 - (1+i)⁻ⁿ] / i

Where:

C = payment per period

i = interest rate per period

n = number of periods

Parameters from the problem:

C = $174. 80

Annual interest = 12%, hence,

i = monthly interest = 0.12/12 = 0.01

n = 12 x 3 = 36

Plug the parameters into the formula:

PV = 174.8 × [1 - (1.01i)⁻³⁶] / 0.01

PV = 5262.79

Thus, the cash price of Corrie's purchase is $5262.79

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What is an example of form utility

Answers

Form utility refers to how well a product or service meets the customer's needs. For example, a company might design a product to target a specific client's needs or wants. Form utility is the incorporation of customer needs and wants into the features and benefits of the products being offered by the company!

The billings on construction account is a contra account to : sales. accounts receivable. cost of goods sold. construction in progress.

Answers

The billings on construction account is a contra account to construction in progress.

In accounting, a contra account is used to offset the balance of a related account. In this case, the billings on construction account offsets the construction in progress account.

Construction in progress represents the accumulated costs of ongoing construction projects, while billings on construction account represents the revenue recognized from those projects.

As the construction company bills its clients for completed work, the billings on construction account reduces the construction in progress balance, reflecting the progress made and revenue earned.

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Which of the following is true about
your "gross" pay?
A. It is the money you make before taxes.
B. It is the money you take home after taxes are taken
out..
C. It is the amount of money you pay in social security
tax.
D. It is the amount of money you pay in federal tax.

Answers

The money you make before taxes I believe

Hilton Corp. has revenues of $1,214,800, costs of $816,355, and pays a tax rate of 32 percent. If the firm pays out 50 percent of its earnings as dividends every year, what is the amount of retained earnings

Answers

Answer:

its $133,471.30

Explanation:

Which of the following statements explains why marketers use emotional appeals?
Multiple Choice
The positive feelings created by advertising can have a favorable effect on consumers' evaluations of a brand.
Correct
Emotional appeals focus on the consumer's practical, functional, or utilitarian need for a product or service.
Emotional appeals tend to be informative, and help advertisers convince consumers that their product or service satisfies their needs.
Emotional appeals persuade the target audience to buy the brand because it is the best available.
Emotional appeals are easy to execute and cost less, even though they are less effective than rational appeals.

Answers

The following statement explains why marketers use emotional appeals:The positive feelings created by advertising can have a favorable effect on consumers' evaluations of a brand.Emotional appeals are used by marketers as a method to evoke an emotional.

Response from the consumers in order to establish an emotional link between the consumer and the brand. These emotional appeals are used to create a positive image of the brand by focusing on the positive feelings, attitudes, and desires of the consumers.Emotional appeals are based on the premise that people make decisions based on their emotions rather than their rational thinking.

As a result, marketers use emotional appeals to persuade customers to buy their goods or services. The emotional appeal focuses on the way consumers feel and their experience with the product or service rather than on the product's attributes.

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Suppose a 20-year $1,000 7% Treasury note with semiannual coupon payments offers a 5% yield. What price would an investor pay to buy this note?
A. $1,251.03
B. $958.24
C. $768.85
D. $1,164.12
Suppose a 10-year $1,000 5% corporate bond with semiannual coupon payments offers a 7.14% yield. What price would an investor pay to buy this bond?
$848.89
$1,121.71
$883.98
$1,019.32

Answers

The price an investor would pay to buy the 20-year $1,000 7% Treasury note with semiannual coupon payments, which offers a 5% yield can be calculated as follows:The face value of the bond is $1,000.The coupon rate is 7%. It is paid semi-annually.The maturity period is 20 years.The yield is 5%.

It is the annual rate and is also called the discount rate or the required rate of return.The price an investor would pay to buy this note is calculated as the present value of the future cash flows, which includes the coupon payments and the face value of the bond at maturity.

Using the formula,

PV of bond = Σ(CFt) / (1+r)t,

where

CFt = cash flow in period t, r = required rate of return, and t = time period

The cash flows for the bond are as follows:

Year Cash flow Discount factor

(1+r)t

Present value (CFt / (1+r)t)1 $35 1.025 $34.152 $35 1.051 $32.2703 $35 1.078 $30.3954 $35 1.105 $28.5265 $35 1.133 $26.6636 $35 1.162 $24.8077 $35 1.191 $22.9578 $35 1.221 $21.1139 $35 1.252 $19.27410 $1,035 1.283 $804.9411 $1,035 1.315 $786.4712 $1,035 1.348 $768.34

The present value of the future cash flows is $1,251.03.

The investor would pay $1,251.03 to buy this note.

Hence, the correct option is A. $1,251.03.

Now, let's calculate the price an investor would pay to buy the 10-year $1,000 5% corporate bond with semiannual coupon payments, which offers a 7.14% yield.

Using the formula,

PV of bond = Σ(CFt) / (1+r)t, where CFt = cash flow in period t, r = required rate of return, and t = time period

The face value of the bond is $1,000.

The coupon rate is 5%. It is paid semi-annually.The maturity period is 10 years.The yield is 7.14%. It is the annual rate and is also called the discount rate or the required rate of return.

The cash flows for the bond are as follows:

Year Cash flow Discount factor

(1+r)t Present value (CFt / (1+r)t)1 $25 1.035 $24.2152 $25 1.071 $23.3303 $25 1.108 $22.4564 $25 1.146 $21.5925 $25 1.185 $20.7376 $25 1.225 $19.8917 $25 1.266 $19.0538 $25 1.308 $18.2249 $25 1.351 $17.40210 $1,025 1.394 $737.06

The present value of the future cash flows is $1,121.71.

The investor would pay $1,121.71 to buy this bond.

Hence, the correct option is B. $1,121.71.

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France is a mixed economy. During recent years there have been a number of changes in its labour market. More workers are employed in the tertiary sector and fewer workers in the primary sector. Average working hours have increased and public sector workers have received wage rises . discuss the extent to which the increased employment and wage rises will affect the demand for apple phones in a country like france

Answers

Answer:

Apple phones are more high end than their counterparts due to various factors with the most important being the brand awareness that Apple possesses.

This means that people would have to spend more of their income of Apple phones than others and they can only do this if they have more disposable income accruing more a higher salary.

In a country like France therefore that has seen wages rise, more people will be able to afford the cost of Apple phones and so the demand will increase. With increased employment as well, people will be able to have access to a stable source of income. This is will also enable them to afford Apple phones thereby increasing the demand for Apple phones as well.

Question 5 of 10
When gathering information, which of the following tasks might you need to
perform?
A. Apply standards, such as measures of quality, beauty, usefulness,
or ethics
B. Seek out ideas from others and share your own ideas
C. Study objects, conduct lijsts, research written materials, and ask
questions
D. Fill out forms, follow procedures, and apply math and science
SEN

Answers

I’m pretty sure the answer is option C

which of the following would produce the largest increase in the contribution margin per unit?multiple choicea 7% increase in selling price.a 10% decrease in selling price.a 9% increase in variable cost.a 12% decrease in fixed cost.a 18% increase in the number of units sold.

Answers

Among the given options, the largest increase in the contribution margin per unit would be produced by a 7% increase in selling price. This is because the selling price directly affects the contribution margin, which is the difference between the selling price and the variable cost per unit.

When the selling price increases, while all other costs remain constant, the contribution margin per unit also increases. This is because the incremental revenue from the higher selling price contributes directly to the contribution margin without incurring additional costs.

On the other hand, options such as a decrease in selling price, increase in variable cost, or decrease in fixed cost would all have a negative impact on the contribution margin per unit.

However, it's worth noting that an 18% increase in the number of units sold could also potentially result in a significant increase in the contribution margin, depending on the overall impact on total revenue and costs.

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Safety stock is related to quality control inventory control strategic control employee control

Answers

Safety stock is related to inventory control. It is the amount of inventory kept on hand to protect against unexpected fluctuations in demand or supply, mitigating the risks of stockouts.

Safety stock is related to inventory control. What is Safety stock? Safety stock is the amount of inventory kept on hand to protect against unexpected fluctuations in demand or supply. Safety stock is a form of inventory control that is utilized by businesses to ensure that they have enough inventory on hand to avoid stockouts. Safety stock is an important factor in inventory control.

By maintaining a safety stock, businesses can mitigate the risks associated with stockouts, such as lost sales, production downtime, and dissatisfied customers. Inventory control refers to the processes and techniques used to manage inventory levels, minimize costs, and maximize efficiency. Businesses can use a variety of inventory control methods, including just-in-time (JIT) inventory management, economic order quantity (EOQ) analysis, and ABC analysis, among others.

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The office supplies were counted on December 31, 2013 with a cost value of $1,000.00. Duing 2014, the business purchased $3,250.00 of office supplies. The office supplies were counted on December 31, 2014 with a cost value of $1,200.00. On the attached worksheet, you will find the UNADJUSTED trial balance of LADD AGENCIES for its year ended December 31, 2014. Ms. Ladd began her own detective agency in January 2013. She hired 2 other female detectives to work with her, along with a personal secretary named Mr. Spelling. In discussion with Ms. Ladd, you discover the following about LADD AGENCIES: 1. The office supplies were counted on December 31, 2013 with a cost value of $1,000.00. During 2014, the business purchased $3,250.00 of office supplies. The office supplies were counted on December 31, 2014 with a cost value of $1,200.00. 2. The bookkeeper is paid $2,000 every two weeks. She was last paid on December 24, 2014, so at December 31, 2014 she is owed one week's wages. She will be paid $2,000 on January 7, 2015 for the two-week period ended January 7, 2015. 3. Computer equipment was purchased on November 1, 2014 for $25,000. The business plans b use the computer equipment for 3 years, at which time its salvage/residual value is expected to be $7,000. In the year that a capital asset is purchased, depreciation is recorded to the nearest whole month. 4. Ms. Ladd has informed you that a billing from the Agency for services provided to Mr. Chalie in the amount of $4,000 has been mailed to him, but not recorded in the accounts of the business because the money was not received by December 31, 2014. Mr. Charlie has promised to pay in January 2015. 5. The December 2014 telephone bill for $300 was received in the mail on January 5, 2015, so I was not paid before then, nor recorded in the unadjusted trial balance dated December 31, 2014. 6. Insurance costing $2,400 was purchased on September 1, 2014 for the period October 1, 2014 through September, 2015. 7. Ladd Agencies arranged a five-year note payable in order to purchase the equipment. Interest for December 2014 calculated at the rate of 1% per month on the loan balance will be paid on January 2, 2015. The loan calls for principle repayments of $5,000 per year each January 2 beginning January 2, 2015. 8. In reviewing the December 2014 deposits to the bank account, you find a cheque that was received from BAD Co. for $1,000. The money was credited to Detective Fees earned when it was received and the Agency had NOT completed the required work by December 31, 2014. 9. In December 2013, the business prepaid its rent through February 2014. Monthly rent is $1,000 per month. In December 2014, the company prepaid rent through March 2015. 10. SUBSEQUENT GENERAL JOURNAL ENTRY

Answers

The Subsequent Adjusting Entry required is as follows: Adjusting Entry Account Title & Explanation Debit Credit.

Depreciation Expense = ($25,000 - $7,000)/36 months x 2 months = $333.33 $333.33 Accumulated Depreciation - Computer Equipment $333.332.

Supplies Expense ($3,250 + $1,000 - $1,200) $3,050.00

Supplies $3,050.003.

Salaries and Wages Expense $2,000.00

Salaries and Wages Payable $2,000.004.

Interest Expense = $17,500 x 1% x 2/12 $29.17

Interest Payable is $29.175.

Unearned Revenue $4,000.00

Service Revenue $4,000.00

Totals $5,412.50 $5,412.50

The Subsequent Adjusting Entry is required to make corrections to the books of account of Ladd Agencies to recognize transactions that were not considered in the unadjusted trial balance. The purpose of making adjusting entries is to ensure that revenues are recognized in the period in which they are earned, and expenses are matched with the related revenue. In total, there are 5 accounts affected by the adjusting entries.

These include the Depreciation Expense, Accumulated Depreciation - Computer Equipment, Supplies Expense, Salaries, and Wages Expense, Salaries and Wages Payable, Interest Expense, Interest Payable, Unearned Revenue, and Service Revenue.

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What is most likely the cause of an increase in demand? An increase in salary
Higher taxes
Lower price
Alternative product

Answers

Answer:

Alternative products

Explanation:

Most of the times, people look at the quality of a product which increases the demand, even though the price is high

Apple Computer maintains company headquarters in _____.

Answers

Answer:  Cupertino

Explanation: Apple Park is located 1.2 miles east of the original Apple Campus. Apple has had a presence in Cupertino since 1977, which is why the company decided to build in the area rather than move to a cheaper, distant location. The campus is also next to a contaminated site under Superfund legislation with a groundwater plume.

Q9. WE Company has completed all operating budgets other than the income statement for 2024. Selected data from these budgets follow.
Sales: $350,000
Purchases of raw materials: $145,000
Ending inventory of raw materials: $15,000
Direct labor: $40,000; Manufacturing overhead: $73,000, including $3,000 of depreciation expense
Selling and administrative expenses: $36,000 including depreciation expense of $1,000; Interest expense: $1,000
Principal payment on note: $2,000; Dividends declared: $2,000 and Income tax rate: 30%
Other information:
Assume that the number of units produced equals the number sold.
Year-end accounts receivable: 4% of 2024 sales.
Year-end accounts payable: 50% of ending inventory of raw materials.
Interest, direct labor, manufacturing overhead, and selling and administrative expenses other than depreciation are paid as incurred.
Dividends declared and income taxes for 2014 will not be paid until 2015.

Instructions
(a) Calculate budgeted cost of goods sold.
(b) Prepare a budgeted income statement for the year ending December 31, 2014.
(c) Prepare a budgeted balance sheet as of December 31, 2014

Answers

Answer:

(a) To calculate the budgeted cost of goods sold, we need to use the following formula:

Beginning Inventory of Raw Materials + Purchases of Raw Materials - Ending Inventory of Raw Materials + Direct Labor + Manufacturing Overhead = Total Manufacturing Costs

$0 (assuming no beginning inventory of raw materials) + $145,000 - $15,000 + $40,000 + $73,000 = $243,000

Then, we can use the following formula to calculate the budgeted cost of goods sold:

Total Manufacturing Costs + Beginning Finished Goods Inventory - Ending Finished Goods Inventory = Cost of Goods Sold

$243,000 + $0 - $0 = $243,000

Therefore, the budgeted cost of goods sold is $243,000.

(b) Using the information above, we can prepare a budgeted income statement for the year ending December 31, 2014 as follows:

WE Company

Budgeted Income Statement

For the Year Ending December 31, 2014

Sales $350,000

Cost of Goods Sold $243,000

Gross Profit $107,000

Selling and Administrative Expenses $36,000

Depreciation $1,000

Interest Expense $1,000

Income before Taxes $69,000

Income Tax Expense $20,700

Net Income $48,300

(c) Using the information above, we can prepare a budgeted balance sheet as of December 31, 2014 as follows:

WE Company

Budgeted Balance Sheet

As of December 31, 2014

Assets

Cash TBD

Accounts Receivable TBD

Inventory of Raw Materials $15,000

Finished Goods Inventory TBD

Total Assets TBD

Liabilities and Stockholders' Equity

Accounts Payable TBD

Note Payable TBD

Stockholders' Equity TBD

Total Liabilities and Stockholders' Equity TBD

To complete the budgeted balance sheet, we need additional information such as the amount of cash, accounts receivable, finished goods inventory, note payable, and stockholders' equity.

If a consumer has a mortgage loan, a student loan, and a car loan in addition to a credit card account, he may score higher in which credit score category?.

Answers

If a customer has a loan mortgage, a pupil mortgage, and a automobile mortgage similarly to a credit score card account, Most elegant forms of mortgages and car loans are considered secured credit score, because of the reality the loan holder can take ownership of your house or automobile in case you do now no longer pay as agreed.

On the unique hand, an unsecured mortgage or line of credit score does not require any collateral.

What determines your credit score?

How an extended manner behind you're on a bill payment, the variety of debts that show off overdue bills and whether or not you've got added the debts current are all factors. The better your wide variety of on-time bills, the better your score will be. Every time you leave out a payment, you negatively have an impact in your score.

Although ranges variety relying at the credit score scoring model, commonly credit score rankings from 580 to 669 are taken into consideration fair; 670 to 739 are considered good; 740 to 799 are taken into consideration very good; and 800 and up are taken into consideration excellent.

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What is the heat source for the stratosphere? How is that heat absorbed?

Answers

The heat source for the stratosphere is primarily ultraviolet (UV) radiation from the sun.

How is that heat absorbed by the stratosphere?

The second layer of the Earth's atmosphere, the stratosphere, is situated below the mesosphere and above the troposphere. The stratosphere is a layer of the atmosphere made up of stratified temperature layers, with warm layers of air high in the sky and cool layers of air low in the sky, not far from the Earth's surface.

The Sun's ultraviolet (UV) energy is absorbed by the ozone layer, which causes the temperature to rise with altitude. The troposphere, which is close to the surface of the Earth, has a temperature inversion where the temperature drops with altitude.

Hence,  this radiation is absorbed by ozone molecules in the stratosphere, which then release heat energy. This process warms the stratosphere, creating a temperature increase with altitude, which is opposite to the temperature decrease with altitude in the troposphere.

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