If total llabilities equal $32,633 and owner's equity equals $33,968, the total value of assets is
A.$33,968
B.$66,601
C.cannot be determined from information given
D.$100,569

The total amount of:

(a) Manufacturing overhead is $161,350.00

(b) Product costs is $398,050.00

(c) Period costs is $81,140.00.

All indirect costs incurred during the manufacturing process are referred to as manufacturing overhead. This overhead is applied to units manufactured during a reporting period.

a)

Determine the total amount of manufacturing overhead as follows:

Particulars                                      Amount(S)

Factory Utilities                             $16,500.00

Dep on Factory Equipment          $12,650.00

Indirect factory labor                     $48,900.00

Indirect materials                           $70,800.00

Factory manager salary                 $8,000.00

Property tax on factory building    $2,500.00

Factory Repairs                               $2,000.00

Total manufacturing Overhead      $161,350.00

b)

Determine the total amount of product costs as follows:

Particulars                                         Amount(S)

Direct material used                         $157,600.00

Direct labor                                       $79,100.00

Total manufacturing Overhead       $161,350.00

Total Product Cost                           $398,050.00

c)

Determine the total amount of period costs as follows:

Particulars                                   Amount($)

Dep on Delivery Truck               $3,800.00

Sales Salaries                             $48,400.00

Repairs to office equipment      $1,300.00

Advertising                                  $23,000.00

Office Supplies used                  $4,640.00

Total Period Cost                        $81,140.00

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The appropriate solution of the given question "$15,000". A further explanation is provided below.

According to the question, the values are:

Partnership,

= $20,000

Cash received,

= $5,000

Adjusted basis,

= $8,000

Fair market value,

= $10,000

hence,

→ The Michael's adjusted basis in the partnership will be:

= \(Basis \ in \ partnership- Cash \ received\)

= \(20,000-5,000\)

= \(15,000\) ($)

Thus the above is the right answer.

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Operational excellence is the plan for Niro music to gain a competitive advantage.

Early in the 1970s, Dr. Joseph M. Juran introduced the concept of operational excellence while educating Japanese industry leaders on how to improve quality. It was defined in the United States in the 1980s in reaction to "the crisis" experienced by large, established firms, whose market share was decreasing as a result of high-quality items imported from Japan.

An excellent workplace culture can be fostered using certain strategies and ideas that are part of the operational excellence style of thinking. Each employee must be able to recognise, provide for, and improve the flow of value to a client for there to be operational excellence.

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Answer:

C

Explanation:

I got it correct

To buy discount Valleyfair tickets, you can try:

Buying discount Valleyfair tickets is a great way to save money while still enjoying all the thrills and excitement of the amusement park.

By checking for special offers and deals on the Valleyfair website, buying tickets in advance, using coupons, or looking for discounted tickets on Groupon, you can easily save money on your admission.

Other options include purchasing tickets in a group, checking with your employer or school for any available discounts, looking for promo codes, visiting during non-peak times, or buying a season pass.

Additionally, some hotel packages may include park tickets, so it's worth considering that as well. By being savvy and taking advantage of all the available discounts, you can have a fun-filled day at Valleyfair without breaking the bank.

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The problem confronting the decision maker that asks what the decision maker needs to do is known as the management decision problem. The correct option is D.

The management decision problem is the specific problem the researcher wishes to solve with the market research and it is the most important aspect of the research. It must be well defined and precisely stated. The management decision problem is different from the marketing research problem, which asks what information is needed to solve the management decision problem.

The management decision problem is the initial and foremost question that should be answered when a company is thinking about introducing a new product or service. It's the key question or issue that the researchers are attempting to address. The management decision problem is the question that management is trying to solve with the market research.The management decision problem is the first stage of market research and is a broad problem. The management decision problem requires market research to be conducted and is addressed with particular marketing research problems that require specific research methods and techniques to solve.

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Answer:

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Generally accepted accounting principles, or GAAP, are a set of rules that encompass the details, complexities, and legalities of business and corporate accounting. The Financial Accounting Standards Board (FASB) uses GAAP as the foundation for its comprehensive set of approved accounting methods and practices.

The contribution format income statement separates costs into fixed and variable categories, highlighting the contribution margin. It focuses on the relationship between sales revenue, variable expenses, and fixed expenses to determine net income.

To prepare both a traditional income statement and a contribution format income statement for Redhawk, Inc., we need to calculate various components using the provided information. Let's go step by step:

1. Traditional Income Statement:

Sales Revenue:

Number of units sold * Selling price per unit = 11,000 * $18 = $198,000

Cost of Goods Sold:

Merchandise inventory, beginning balance = $10,000

Merchandise purchases = $88,000

Merchandise inventory, ending balance = $25,000

Cost of Goods Sold = Beginning inventory + Purchases - Ending inventory

Cost of Goods Sold = $10,000 + $88,000 - $25,000 = $73,000

Gross Profit:

Sales Revenue - Cost of Goods Sold = $198,000 - $73,000 = $125,000

Operating Expenses:

Variable Selling Expenses = Number of units sold * Variable selling expense per unit

Variable Selling Expenses = 11,000 * $2 = $22,000

Variable Administrative Expenses = Number of units sold * Variable administrative expense per unit

Variable Administrative Expenses = 11,000 * $0.5 = $5,500

Total Variable Expenses = Variable Selling Expenses + Variable Administrative Expenses

Total Variable Expenses = $22,000 + $5,500 = $27,500

Fixed Selling Expenses = $20,000

Fixed Administrative Expenses = $14,000

Total Operating Expenses = Total Variable Expenses + Fixed Selling Expenses + Fixed Administrative Expenses

Total Operating Expenses = $27,500 + $20,000 + $14,000 = $61,500

Net Income:

Gross Profit - Total Operating Expenses = $125,000 - $61,500 = $63,500

2. Contribution Format Income Statement:

Sales Revenue = $198,000

Variable Expenses:

Variable Selling Expenses = $22,000

Variable Administrative Expenses = $5,500

Total Variable Expenses = $22,000 + $5,500 = $27,500

Contribution Margin:

Sales Revenue - Total Variable Expenses = $198,000 - $27,500 = $170,500

Fixed Expenses:

Fixed Selling Expenses = $20,000

Fixed Administrative Expenses = $14,000

Total Fixed Expenses = $20,000 + $14,000 = $34,000

Net Income:

Contribution Margin - Total Fixed Expenses = $170,500 - $34,000 = $136,500

That's it! You have the traditional income statement and the contribution format income statement for Redhawk, Inc.

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Marginal revenue :

Marginal cost :

It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.

Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.

Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.

Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.

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The marginal revenue curve of the monopolist is negative when the price effect is greater than the output effect.

The change in a company's total revenue is divided by the change in its total output quantity to determine the marginal revenue. The cost of a single extra item that was sold makes up marginal revenue. The formula for marginal revenue appears below: Change in Revenue / Change in Quantity equals Marginal Revenue.

The volume of output and the price per unit of a product that will maximize profits are determined by the marginal cost of production and marginal revenue, two economic metrics.

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Answer: The job of a devil's advocate would be to potentially create destructive conflict during a decision making. Option 1 is the answer.

Explanation:

The devil's advocate takes the role of a critic and makes sure that the discussion is degraded is a possible way because the reason being is identification of weaknesses among the team will be recognized and diversions from various alternatives can also be noticed.

When decision-making is done in groups, the job of a devil's advocate is to create potentially destructive conflict. The answer is a)

The role of a devil's advocate in a group decision-making process is to intentionally take a position that is contrary to the majority or consensus view. The aim is to challenge the group's thinking and assumptions, to question the status quo, and to create healthy conflict, which can stimulate discussion and creative thinking.

The devil's advocate is expected to challenge the group's assumptions, raise doubts about proposed courses of action, and present alternative viewpoints. This can lead to a potentially destructive conflict that can result in the breakdown of the decision-making process. However, the aim is to foster constructive conflict that can result in a better decision-making outcome.

By challenging the group's thinking, the devil's advocate can help the group avoid groupthink and ensure that all perspectives are considered. Thus, the answer is a).

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College graduates earn higher wages than non-graduates due to several reasons. One of the main reasons is that college graduates possess higher levels of skills and education, which are in higher demand by employers and command higher salaries.

Higher levels of education and skills make college graduates more productive and capable of performing more complex tasks, making them more valuable in the job market.Additionally, college graduates have access to more high-paying jobs, particularly in professional and managerial positions, which require college degrees and provide better pay and benefits.

Moreover, college graduates are also more likely to receive promotions and salary increases over the course of their careers due to their higher levels of education and skills. Finally, college graduates also tend to have better job security, as they are less likely to be laid off or unemployed during economic downturns compared to non-graduates.

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False, The pure expectations theory assumes that a one-year bond purchased today will have the same return as a one-Year bond purchased five years from now.

What is the term structure's pure expectations theory?

A hypothesis which claims that only forward rates are the rates which are expected to be paid in the future. In other words, the entire term structure is a reflection of what the market anticipates will happen to short-term rates in the future.

                               Increasing short-term interest rates are implied, for instance, by an increasing slope to the term structure.

What does expectation theory mean?

The long-term interest rate is a weighted average of the current and anticipated short-term interest rates, according to the expectations theory of the term structure. The long rate will be equal to the short rate if anticipated future short rates remain unchanged (plus a constant risk premium).

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The percentage of monthly income that people in the eighteen-to-twenty-four age bracket spend on debt repayment can vary significantly depending on individual circumstances, such as income levels, debt amounts, and personal financial choices.

However, it is worth noting that individuals in the eighteen-to-twenty-four age bracket may have a wide range of financial obligations, including student loans, credit card debt, car loans, or other forms of borrowing. Additionally, their income levels may vary greatly based on factors such as employment status, educational attainment, and work experience. To get a more accurate understanding of the percentage of monthly income spent on debt repayment for this specific age group, it would be necessary to refer to reputable surveys, studies, or statistical data that provide insights into their debt-to-income ratios or average debt repayment burdens.

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At the end of the year, prepaid expenses were $23,100 and unearned service revenues were $18,600. The service's cash basis revenues total $136,400.

$142,000 plus $97,000, or $136,400, is the service revenue on a cash basis.

Revenue is the money made from regular business operations and is calculated by multiplying the average sales price by the quantity of units sold. In order to calculate net income, costs must be deducted from the top line (or gross income) figure. On the income statement, revenue is also known as sales.

A company's revenue is the money generated by its operations. Depending on the chosen accounting approach, there are several ways to compute revenue. Sales made using a credit card will be counted as revenue for products or services that were delivered to the customer. In accordance with some regulations, revenue is recorded even if payment has not yet been made.

To determine how effectively a business collects unpaid debt, it is important to review the cash flow statement. Contrarily, sales will only be recorded as revenue in cash accounting after money has actually changed hands. A "receipt" is money given to a business. An example of an activity that results in a receipt but no revenue is when a consumer prepays for a service or undeliverable products.

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Answer:

Sole proprietorship

Explanation:

I’m not 100% sure but it’s a sole individual business

Answer:

they help the market respond to changing prices and consumer preferences.

Explanation:

Entrepreneurs are themselves an important ‘factor of production’ and an essential aspect of a functioning free market economy. Importance of entrepreneurs Free market evolution. Entrepreneurs are important in a free market because they help the market respond to changing prices and consumer preferences.

The profit in percentage given the revenue and the expenses is -38.60%

Percentage is the fraction of a number expressed as a value out of 100. The sign that is used to represent percentage is %. In order to convert a number to percentage, multiply by 100.

Profit is the difference between revenue and expenses. Revenue is the total income earned by a company before any deductions are made. Expenses include all the cost incurred in running a business.

Profit = revenue - expenses

1,000,000 - 1,386,000 = -386,000

Profit in percentage = (profit / revenue) x 100

(-386,000 / 1,000,000) x 100 = -38.6%

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Answer:

Depreciation expense for 2021 will be $14700

Explanation:

The straight line method charges a constant depreciation expense each period throughout the useful life of the asset. The depreciation expense per period under the straight line method is calculated as follows,

Depreciation expense = (Cost - Residual value) / Useful life of the asset

Depreciation expense = (81000 - 7500) / 5

Depreciation expense = $14700

The warranty that is established by the Spearin Doctrine is the owner warrants to the contractor the adequacy and sufficiency of the drawings and specifications. Option d is correct.

The Spearin Doctrine refers to the warranty established by the federal courts in the United States in the year 1918. This warranty is that when the owner of a construction project provides detailed plans and specifications to the contractor, the owner is implicitly guaranteeing that the plans and specifications are adequate for the purpose intended.

If the contractor follows the plans and specifications and the resulting project is defective, then the owner is responsible for the defects and the costs associated with repairing them.

Therefore, option d is correct. This doctrine is often cited in construction lawsuits to determine liability for project defects.

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The difference in depreciation methods used by ESC for tax and book purposes affects the accounting book value of its property, plant, and equipment (PP&E). By using accelerated depreciation for tax purposes, ESC can claim larger tax deductions in the earlier years of an asset's life.

This reduces its taxable income and tax liability. However, for book purposes, ESC uses straight-line depreciation, which spreads the depreciation expense evenly over the asset's useful life. This results in a lower depreciation expense and a higher accounting book value.

Therefore, despite having the same accounting book value of $5,000,000 at the end of both 20x1 and 20x2, the tax book value will likely be lower due to the accelerated depreciation method used for tax purposes.

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Answer:

d.how the stock market affects inventory

Explanation:

a stock turnover is the rate at which a company's goods are sold and replaced. I hope that helped <3

stock movement Effects of the stock market on inventory Thus option (D) is correct.

A share price is the price of a single share of a company's salable equity shares. In layman's terms, the stock price is the largest amount of money someone is willing to pay for the stock or the lowest amount for which it can be purchased.

Stock market Analysts in economics and financial theory utilize random walk techniques to model the behavior of asset prices, particularly share prices on stock exchanges. This technique is founded on the assumption that investors operate rationally and without bias, and that they evaluate the value of an asset at any given time based on future expectations.

Therefore, Thus option (D) is correct.

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B. The coursework can usually be completed at a time that works for convenient - is one of the benefits of taking a course online rather than in person.

There are advantages and disadvantages to learning online and in a virtual classroom, just as there are to learning in person on a physical campus. You'll find that one of the many advantages of online education is that it gives you more flexibility in your schedule, can lower the cost of your degree, and can make it easier to advance your career while you study.

Online education has many advantages, but there are also disadvantages to consider. In its own way, staying focused and being self-motivated can be difficult; which is one reason why not everyone is a good candidate for online education. You can get a better idea of whether online learning might be right for you and your career and education goals by learning more about its benefits and drawbacks.

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Speculation and margin buying cause stock prices to rise Because of margin buying, investors stood to lose large sums of money if the market turned down, or failed to advance quickly enough.

shares are a kind of safety that offers stockholders a share of ownership in a business enterprise. stocks are also called “equities. “An inventory is a well-known time period used to explain the ownership certificates of any organization. A percent, alternatively, refers to the inventory certificates of a particular enterprise. keeping a selected company's share makes you a shareholder. Description: shares are of kinds—common and desired.

Inventory is a type of investment in a company. organizations problem inventory shares to elevate money that allows you to finance operational dreams and to gasoline growth, and traders buy the one's inventory shares for the opportunity to generate a pass lower back on their investment. A percentage is an economic device that represents the aspect of ownership of an enterprise. A stock is a financial tool that represents element possession in one or greater establishments.

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The question is incomplete. The full question is :

EasyGate Physical Therapy Inc. is planning its cash payments for operations for the first time quarter (January - March), 2015. The Accrued Expenses Payable balance on January 1 is $ 15,000. The budgeted expenses for the next three months are as follows :

                                                   January         February          March

Salaries                                      $ 56,9000      $ 68,100        $ 72,200

Utilities                                          2,400              2,600             2,500

Other operating expenses        32,300            41,500            44,700

Total                                         $ 91,600           $ 112,200       $ 119,400

Other operating expenses include $ 3000 of monthly depreciation expense and $500 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remaining paid in the following month. The Accrued Expenses Payable balance on January  relates to the expenses incurred in December.

Solution :

                                SCHEDULED OF CASH PAYMENTS  

     Particulars                                        January       February       March

Accrued expenses payable                $ 15,000

Payment of current month expenses   $ 61, 670     $ 76, 090      $ 81,130

Payment of prior month's expenses                         $ 26, 430      $ 32, 610

Total payment                                        $ 76, 670    $ 102,520      $ 113,740

Working :  

                                                             January       February       March

Other operating expenses                $ 32,300      $ 41,500        $ 44,700

Less: devaluation expenses                $3,000        $3,000           $3,000

        Prepaid expenses                           $500            $500              $500

Other operating expenses               $ 28, 800     $ 38,000        $ 41, 200

Additional Salaries expenses           $ 56, 900     $ 68,100        $ 72, 200  

Additional Utilities expenses               $ 2,400        $ 2600           $ 2500  

Total budgeted expenses                  $ 88,100     $ 108,700        $ 115, 900

Payment in current month at 70%    $ 61, 670      $ 76,090          $ 81, 130

Payment in prior month at 30%        $ 26, 430      $ 32,610          $ 34, 770                          

Answer:

18%

Explanation:

Original cost: $275,000

Selling price: $225,000

Loss: $50,000

50,000/275,000=0.18

0.18x100=18%

:)

Answer:

3.life-long learning.

Explanation: