Collins Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The following information applies to the Collins Corporation for the current year: Direct Labor-Hours: Estimated for the Year 24,000 Actual Hours Worked 19,500 Direct Labor Cost Estimated for the Year 300,000 Actual Cost Incurred 210,000 Manufacturing Overhead Estimated for the Year 240,000 Actual Cost Incurred 185,000 Beginning Balance Ending Balance Raw Materials 14,000 22,000 Work in Process 27,000 9,000 Finished Goods 62,000 77,000 The manufacturing overhead cost for the current year will be: a. $17,000 overallocated. b. $17,000 underallocated. c. $55,000 overallocated. d. $55,000 underallocated.

Because his vehicle have a liability coverage alone on his car, then, the insurance carrier will pay for the damage to other driver's vehicle only.

The liability coverage provided is this case is also called a Third party insurance because it provide compensation for liability arising from damage to other road users.

Hence, since his vehicle have a liability coverage alone on his car, then, the insurance carrier will pay for the damage to other driver's vehicle only.

Therefore, the Option C is correct.

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Answer:

$705,400

Explanation:

Computation for the estimated cash collections on accounts receivable for the month of February.

January sales received in February:

Within discount period $102,900

[ (15%*$700,000) x 0.98]

After discount period $49,000

( 7%* $700,000)

February Sales received in February:

Within discount period $441,000

[(60% * $750,000) x 0.98]

After discount period $112,500

(15% of $750,000)

Estimated cash collections for February $705,400

($102,900+$49,000+$441,000+$112,500)

Therefore the estimated cash collections on accounts receivable for the month of February is $705,400

Answer:

1. The account name commonly used for each of the item listed are as follows:

2. The balance sheet will give the total worth of the business to be $2,703

3. Most of the financing for assets to the company came from Creditors.

Explanation:

1. The account names which are commonly used by the companies are under current assets, current liabilities, or under shareholders equity.

The accounts under current assets includes: cash and bank balance, the accounts receviables, inventory, and many more.

The accounts under current liabilities includes: notes payable, accounts payable, and many more.

The accounts under shareholders equity are: common stock, and retained earnings.

2. The balance sheet as of August 3, 2019:

The image attached below.

3. Most of the financing for assets come from creditors of the company, this is analysed from comparing the total amounts of total liabilities which is $1,921 and stockholders' equity is $782.

There are ways to use a filter in one's client list so as to aid one to see the needs of the clients in a QuickBooks Online. This is done through Client list lead filter or the new Client Overview feature.

Through the assignment process, One can filter his or her client list so as to only see the clients that has been given to you or one of your team members.

The new Client Overview feature is a feature on the QuickBooks Online (QBO). It is a Client Overview that helps one to know more about prospect's QBO file and quickly have a rough overview of how much work one needs to do in cleaning up and maintaining the books.

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Answer:

D

Explanation:

cuz its D

This compensation is an example of sales commission cost. Thus, option D is correct.

The expenses incurred during the creation of a product are known as manufacturing costs. Direct material, direct labor, and manufacturing overhead costs are included in these expenses. Normally, the costs are shown as separate line items in the revenue statement. These expenses are incurred by an entity during the production process.

The materials employed in a product's construction are referred to as direct materials. The amount of the production process's labor costs that is specifically attributed to a unit of production is known as direct labor. The application of manufacturing overhead costs to units of production depends on many alternative allocation schemes, such as the number of direct labor hours or machine hours used.

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The ratio that is mostly used to determine whether or not a loans officer at the bank would loan a business money is known as the debt-to-equity ratio.

This refers to the ratio that allows to measure of the relative contribution of the creditors and shareholders or owners in the capital employed in business.

The debt-to-equity ratio provides an insight into a company's use of debt. When the company have a high D/E ratio, it is considered a higher risk to lenders and investors because it suggests that the company is financing a significant amount of its potential growth through borrowing.

Therefore, the ratio that is mostly used to determine whether or not a loans officer at the bank would loan a business money is known as the debt-to-equity ratio.

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Answer: Domestic stage

Explanation:

In the domestic stage of production, the entity is only involved in the domestic arena. The production facilities they have are limited to the country they are in and they only operate in the domestic market and at this point, the company is not trying to get into foreign markets.

The grocery store above uses only local distributors which means that they are only servicing the local market which therefore puts them at the domestic stage of globalization.

Bad debt is also termed as uncollectible accounts receivable. This is recorded as an expense on the income statement

A Journal entry is the act of retaining or making facts of any transactions both monetary or non-economic. Transactions are indexed in an accounting journal that suggests an employer's debit and credit balances. The magazine entry can encompass several recordings, each of which is both a debit or a credit.

Record journal entries as follows: -

Journal entry

In the Books of F Polk

Date Particulars Debit Credit

01-Sep-21 Bad Debt Expense £108

Account Receivable £105

(Being bad debt expense written-off and recorded)

05-Sep-21 Account Payable - Syme Ltd. £150

Office Fixtures £150

being office fixtures returned and recorded)

10-Sep-21 Cash £180

Bad Debt Expense £131

‘Accounts Receivable - M. Abel £311

Being office fixtures returned and recorded

18-Sep-21 Machinery - Asset £1,800

Cash £100

Bank £500

Accounts Payable - Brown Ltd. £1,200

(Being machinery purchased and recorded)

26-Sep-21 Accounts Payable - Brown Ltd. £600

‘Accounts Payable - Brown Ltd. £600

Being payment made for machinery purchased and recorded)

28-Sep-21 Insurance Expense £60

Capital Account - F Polk £70

Bank £130

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Answer:

1. Required tabulation is the Shares Authorized, the Shares Issued and the Shares Outstanding

Shares Authorized = 290,000 shares

Shares Issued

= Total Cash Collected / Price per share

= 2,170,000 / 14

= 155,000 shares

Shares Outstanding

= Shares Issued - Treasury stock

= 155,000 - 5,000

= 150,000 shares

2. Additional paid in capital account

= Gain (loss) above par

Par value is $10 and Stock was sold for $14

= (14 - 10 ) * 155,000

= $620,000

3. Earnings per share

= Net Income/ Shares outstanding

= 297,000/150,000

= $1.98

These deviations are likely to be caused by emotions and it is important to have information about the person you are dealing with to favor your interests and make the best decision.

The Rational Choice Theory states:

Despite this, individuals might make irrational decisions if:

In the case of Mr. Jones, he makes an irrational decision because by suing Mr. Smith he loses more money. This is likely motivated by emotions such as a desire for justice or a desire to revenge.

Moreover, in this situation, it is shown Mr. Jones does not have enough information about the person he is dealing with (Mr. Smith) and this lack of knowledge does not allow him to make the best decision possible.

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Answer: $4180

Explanation:

From the question, we are told that Chris purchases a living room furniture set for $4,345 and has a one-year, no interest, no money down, deferred payment plan. We are further told that She he made a $15 monthly payment for the first 11 months.

The total amount paid for the first 11 months will be:

= $15 × 11

= $165

Since he has to pay the total amount for 12 months, the amount that Chris will pay in the last month of this plan will be:

= $4345 - $165

= $4180

Yes. Accounting courses I took before helps us understand how to make cash budget and pro forma income statement and balance sheet.

Here's how accounting courses can help individuals in creating cash budgets, pro forma income statements, and balance sheets:

By studying accounting, individuals gain a solid foundation in financial concepts, reporting standards, and analytical techniques. This knowledge equips them with the skills necessary to create cash budgets, pro forma income statements, and balance sheets effectively.

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Utilities firms are one example of a monopoly among the possibilities given. When they are the exclusive provider of these necessary services in a certain region, utility firms, such as those that provide electricity, water, or natural gas, frequently act as Monopoly. As a result, customers are virtually forced to adopt the services offered by the local utility company since they have no other alternatives.

The Landlord's Game, which was developed by Lizzie Magie in the United States in 1903 to advance Henry George's economic theories, particularly his views on taxation, and to show that an economy that rewards Utilities individuals is preferable to one in which monopolies hold all the wealth, is the source of Monopoly.

The Landlord's Game originally featured two sets of rules, one that included taxes and another that serves as the foundation for the present regulations.

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Answer:

Read below

Explanation:

The most common marketing channels for consumer products tend to be through retail outlets such as supermarkets, big box stores, and online marketplaces. For industrial products, the most common marketing channels tend to be through wholesalers, distributors, and industrial sales representatives. However, the specific marketing channels used for a particular product will depend on a variety of factors, including the target market, the price point, and the nature of the product itself.

Answer:

computer

Explanation:

Answer:

The person that most often interact with a customer before and after a purchase has been made in a called a Salesman

Answer:

Im pretty sure its a salesman

Explanation:

Answer: B. Control access to Basil’s office.

Explanation:

During the conduct of the examination of mortgage loan originator Basil Thyme, the agency is authorized to administer oaths or affirmations, subpoena witnesses and require production of relevant documents.

The agency cannot control the access to Basil's office. It can only control access to any records or documents of an individual whim is under investigation.

Answer:

a non-cooperative game strategy, where participants independently choose their strategy to maximize their payoffs.

Explanation:

From the question, we are informed about Bob, who attended the university football game last week . At the opening​ kickoff, the crowd stood up. Bob therefore had to stand up as well to see the game. In this​ case, Bob was participating in a non-cooperative game of​ strategy, where participants collectively choose their strategy to maximize their joint payoffs. Non-cooperative game strategy can be regarded as the rational ways economic agent relate with each other so that their goals can be achieved. In this game both the available strategies as well as the outcome from various choices will be listed.

The financial crisis in 2008 could've been avoided in some ways by Regulating the housing market, Proper regulation banks and financial institutions, Introduction of better accounting standards, Encouraging greater transparency, and Regulating credit rating agencies.

The global financial crisis of 2008 was a significant economic event that had a far-reaching impact on the worldwide economy. The crisis resulted in the collapse of numerous leading financial institutions, which led to unprecedented losses in the stock market, a decline in economic growth, and high levels of unemployment. It is commonly believed that the crisis could have been avoided if appropriate measures had been taken at the right time.

Here are some ways the financial crisis in 2008 could have been avoided:

1. Regulating the housing market: The financial crisis of 2008 originated from the housing market collapse. Banks and financial institutions had given loans to people who could not afford them, and when the housing bubble burst, a massive number of mortgages went into default. If the government had regulated the housing market more effectively, the financial institutions would not have been able to give out loans to risky borrowers, and the housing market would not have collapsed.

2. Proper regulation of banks and financial institutions: If banks and financial institutions were regulated more effectively, they would not have been able to engage in risky financial practices that led to the crisis. Regulators would have spotted the risky activities early on and would have been able to take corrective action before it was too late.

3. Introduction of better accounting standards: During the financial crisis of 2008, banks and financial institutions engaged in creative accounting practices to hide their losses. This deception made it difficult to ascertain the real situation of the banks and financial institutions, leading to a lack of confidence in the market. If better accounting standards had been introduced, this could have been avoided.

4. Encouraging greater transparency: The financial crisis of 2008 was partly caused by a lack of transparency in the market. If regulators had encouraged greater transparency, there would have been more information available to investors, which could have led to greater confidence in the market.

5. Regulating credit rating agencies: Credit rating agencies played a significant role in the financial crisis of 2008. They gave high ratings to toxic financial products, which misled investors and led to the collapse of the market. If credit rating agencies were regulated more effectively, they would not have been able to give high ratings to risky products, and the market would have been more stable.

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This sale of brand name and operating know-how by Madison Hotels to a foreign organization in return for a lump-sum payment and profit share is an example of Franchising.

Franchising is the business relationship between the franchisor and the franchisee in which the franchisor (e.g. Madison Hotels) establishes the brand's trademark or trade name and a business system. The franchisee pays a royalty and often an initial fee for the right to do business using the franchisor's brand name and system.

Thus, this business relationship between Madison Hotels and the foreign organization is an example is of Franchising.

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Answer:

True

Explanation:

Answer:

Mass eviction, war, extreme poverty, a lack of access to education and work prospects, violence, and destructive societal norms such as child marriage are all elements that drive people into trafficking situations.

Explanation:

Many firms chose to send their employees pay cards rather than cash, checks, or direct deposits as a result of the legislation, which was also known as the "paperless payroll law."

For a small business, payroll used to entail hours of arduous, painstaking effort while storing mountains of paperwork and data. Your payroll operations can be paperless and (nearly) effortless because there are numerous online payroll providers available.

You can save time and effort by handling these chores electronically with online payroll programs rather than printing out payroll reports, paying employees with paper checks, and documenting time and attendance on printed timesheets. They may even enable you to cut back on printing and shipping expenses.

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The given statement 1,2,3,6,7 and 9 are false statement and 4,5,8 and 10 are true statement.

An organization is consists group of people who work together, like an association, a charity, a union, or a corporation.

1. Internal Forces refers to set of elements which affects organization's or firm's behavior. It is false statement because today's organizational behavior is influenced by a complicated mix of major influences. People, Structure, Technology, and Environment are the four categories of important factors. People, structure, and technology interact, and these factors are impacted by the environment.

2. External Forces is unpredictable and uncontrollable. It is false statement because it is possible to predict economic trends using forecasted data.

3. Poor corporate image is a strength of the firm. It is false because when the corporate image is weak or poor, it affects the customers perception of not just the company but it's products as well. Hence, deflecting demand for their goods an services.

4. Money is the lifeblood of every business. It is True  statement

5. Customers are the king of the market. It is true statement.

6. Demographic aspects are the characteristics of the people in which the organization can be found. It is false statement because demography is the scientific survey of populations, particularly human populations. Demographic analysis may be used to entire societies or groupings based on factors such as education, nationality, religion, and ethnicity.

7. Macro and micro environment are types of internal environment. it is false because Macro relates to external while micro relates to internal.

8. Technological includes the use of robots and online commerce, it is true.

9. Improper plans and policies help the firm to accomplish its objectives it is false because a bad plan cannot possibly lead to a good plan. Hence, improper plans and policies can not help the firm to accomplish its objectives.

10. Socio-cultural are the characteristics of the population of a certain place.​ It is the true statement.

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The type of companies that sell goods and services can be classified in different ways, such as:

What are the pros and cons of retail?

As an example, department stores have the advantages of the diversity of products offered to customers, but they have high indirect costs and online competition. Specialty stores have a positive point in creating brand equity and a limited customer base as a disadvantage.

Therefore, to open a successful business, you must research more about business types and structures, conduct market research and develop a business plan with focused strategies aligned with the objective.

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Answer:

True

hope this helps you

The second step of writing a career action plan is to make short term goals. The Option D is correct.

A career action plan refers to a roadmap that guide someone from the starting point in your career to a place where you feel like you're truly advancing. For example, the plan can help you choose an occupation and then guide you to getting a job and advancing in your career.

Career action plan is also referred to as an Individualized Career Plan or an Individualized Career Development Plan which will help you reach your career goals.

In essence, the timeline for achieving one's career action plan goals should start with your short-term ones and end with your primary objective. We need to be flexible as career action plan can always change.

Full question "The second step of writing a career action plan is to: a. perform an informational interview. b. list all work experience. c. list and analyze the results of self-assessments. d. make short term goals.

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This can be referred to as a job benefit mix, hence option A is the correct answer.

The range of benefits supplied by a company is referred to as the job benefits mix. Two positions may have similar defined salary, but their overall compensation may differ greatly based on the value of the benefits provided.

Many firms provide four basic categories of employee benefits: medical insurance, life insurance, disability insurance, and retirement plans.

Traditionally, most employee benefits fell into one of four categories: medical insurance, life insurance, retirement plans, and disability insurance.

Employee benefits are a type of compensation that is provided in addition to a salary or pay. Medical, disability, and life insurance are common non-wage benefits, as are retirement savings, paid time off, and sick leave.

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Answer:

A. thank you

Explanation:

You should make sure to send a

you.

letter to the person who interviewed. you should say thank you to that person who interviewed.

Answer: Truly A. thank-you is the right answer

For me its C.

Answer:

Shawn would choose form 1040 filing tax form.

Explanation:

The answer is D.) 1040

I got a picture of the answer.

Hope this helps!