Cost allocation is a technique of allocating the organization's costs among the various cost centers of the organization. Thus, the office costs allocated to the Bottling department are equal to $128,000.
What are allocation costs?Cost allocation is a technique of supplying relief to shared carrier organization's cost facilities that offer a product or provider. In turn, the related cost is assigned to internal clients' price centers that devour the goods and services.
As per the given information,
Total office costs: $320,000
We have given total number of employees for mixing = 600
And total number of employees for bottling = 400
office costs = $320,000
So total number of employees is equal to 600 plus 400 is 1000 employees.
[tex]\rm\,Allocation \,Base\, For\, Mixing: \frac{600}{1,000} = 0.6 \\\\So allocated amount for mixing is 0.6 \times \$320,000 = \$192,000\\\\Allocation \,Base\, for\, Bottling\, = \dfrac{400}{1,000} = 0.4\\\\So allocated amount for bottling = 0.4 \times \$320,000= \$128,000[/tex]
Thus, the office costs allocated to the Bottling department is equal to $128,000.
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How much cash do you need to survive the early years?
Answer:
$150
Explanation:
2. Accrued interest income on notes receivable is calculated using all of the following information except the (A) annual interest rate. (B) principal. (C) term of the note. (D) date of the note.
Term of the note is not necessary to be used for calculating the accrued interest income on notes receivable.
What is accrued interest?Accrued interest is that interest rate that has been already incurred on the loan but not paid yet.
In order to, calculate the accrued interest, interest rate has to be multiplied by the notes receivable amount and divide by the 12.
Accrued interest can be in the form of accrued interest revenue or accrued interest expense.
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The weak form of the efficient market hypothesis implies that:________ a) No one can achieve abnormal returns using market information. b) Insiders, such as specialists and corporate board members, cannot achieve abnormal returns on average. c) Investors cannot achieve abnormal returns, on average, using technical analysis, after adjusting for transaction costs and taxes. d) All of above.
The weak form of the efficient market hypothesis implies that All of above and EMH.
Thus, equities always trade at their fair value on exchanges, according to the EMH, making it impossible for investors to buy undervalued equities or sell them for exorbitant prices.
The only way an investor can earn larger returns is by making riskier bets, as it should be impossible to outperform the market as a whole through excellent stock selection or market timing.
Share prices, according to the efficient market hypothesis (EMH) or theory, accurately reflect all available information. According to the EMH, equities trade on exchanges at their fair market value.
EMH proponents contend that investing in a low-cost, passive portfolio is advantageous for investors. EMH critics contend that equities can diverge from fair market values and that it is feasible to outperform the market.
Thus, The weak form of the efficient market hypothesis implies that All of above and EMH.
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Joe borrowed $100,000 (a four-year loan at 10 percent interest) on January 2, 2020. During the course of the year, he paid back $30,000 on that debt. What would his December 31, 2020 balance sheet show for this debt
Joe's December 31, 2020 balance sheet would show a Long-term Loan Balance of $70,000.
What is the balance sheet?The balance sheet is a financial statement that shows the balances of the assets, liabilities, and equity of a person or an entity at a stated date.
The balance sheet follows the accounting equation that equates assets to liabilities and equity.
Data and Calculations:Loan receipt on Jan. 2, 2020 = $100,000
Repayment during the year = $30,000
Loan balance = $70,000 ($100,000 - $30,000)
Interest Expense = $10,000 ($100,000 x 10%)
Thus, Joe's December 31, 2020 balance sheet would show a Long-term Loan Balance of $70,000.
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The debit for a sales tax properly levied and paid on the purchase of machinery preferably would be a charge to
The debit for a sales tax properly levied and paid on the purchase of machinery preferably would be a charge to machine account.
What is a machine account?This is a section of the Journal entry that records the machine entry.
Hence, the amount paid on the purchase of machinery preferably would be a charge to machine account.
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Choose all of the descriptions that illustrate advantages to using major credit cards for purchases. A) Major credit cards typically have very low interest rates on monthly payments. B) Major credit cards do not issue late fees to the account holder on payments overdue. C) Major credit cards are usually accepted at most marketplaces in the United States and abroad. D) Major credit cards often offer accountholder protections for unauthorized purchases made using the card. E) Major credit card purchases are usually tax deductible, resulting in a refund from the IRS for the account holder.
Answer: C) Major credit cards are usually accepted at most marketplaces in the us and abroad
and
D) Major credit cards often offer account holder protections for unauthorized purchases made using the card
Explanation:
ONLY C & D. USATESTPREP ANSWERS
how do you start a business successfully
What movie earned tom hanks his first oscar nomination?.
Answer:
Big (1988)
Explanation:
He made his breakthrough with in Penny Marshall's Big (1988) for which he earned an Academy Award for Best Actor nomination.
Daugherty Company owned a participating interest in an oil and gas business. In a transaction that qualifies as a sale, Daugherty transferred the entire interest to a third party. Daugherty received both cash and a forward commitment from the third party to deliver additional receivables to Daugherty over the course of the next 6 months. The CFO has asked if the forward commitment should be recognized as part of the proceeds of the sale. Which section of the authoritative guidance best outlines the accounting for a transfer of a participating interest in a financial asset that satisfies the conditions for treatment as a sale
IFRS-9 is the section of the authoritative guidance which best outlines the accounting for a transfer of a participating interest in a financial asset.
What is IFRS-9?
This is a financial instrument which measures and classifies assets, liabilities etc at a fair value.
The transfer of participating interest in a financial asset is done after the conditions for treatment as a sale is satisfied.
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You have been awarded an insurance settlement of $211,400 that is payable one year from today. What is the minimum amount you should accept today in exchange for this settlement if you can earn 6.3 percent on your investments?
If you can make 6.3 percent on the investments, the minimum amount you should take today in exchange for this settlement is $198,871. (Approx).
What is the present value?The current value of a future sum of money or stream of cash flows, assuming a certain rate of return, is known as present value (PV).
In the given case, there is a need to find out the present value of $211,400.
Computation:
According to the given information,
Present value = $211,400 × 1/(1 + r)n
Present value =$211,400× 1/1.063
Present value =$211,400× 0.940734
Present value =$198,871(Approx).
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28. Gorman and Morton form a partnership on May 1, 2019. Gorman contributes cash of $50,000; Morton conveys title to the following properties to the partnership: Steele is invited to join the partnership on January 1, 2020. Because of her business reputation and financial expertise, she is given a 40 percent interest for $54,000 cash. The bonus approach is used to record this investment, made directly to the business. The articles of partnership are amended to give Steele a $2,000 compensation allowance per month and an annual cash drawing of $20,000. Remaining profits are now allocated:
The total allocation of net income for Gorman and Morton will be $9200 and $1800 respectively.
How to calculate the net income?The total allocation of net income for Gorman will be:
= (1000 × 8) + 1200
= 8000 + 1200
= 9200
The total allocation of net income for Morton will be 1800.
Therefore, the total allocation of net income for Gorman and Morton will be $9200 and $1800 respectively.
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Negative impacts of strikes on businesses as an economic issue
The major negative impact of strikes on businesses as an economic issue results in less productivity.
What do you mean by business?A business refers to an organization that is engaged in commercial, industrial, or professional activities.
The negative impact of the strike on businesses is that it affects the teamwork, profitability, and productivity of the business.
Businesses may have to suffer financial and production losses and consumer confidence is badly affected.
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Discuss ways in which businesses can deal with change in the workplace
Debts listed as current liabilities are those that are due to be paid in more than one year b.are owed to the stockholders and will never be paid c.will be paid in less than one year d.are due to be paid in 5 to 10 years
The debts listed as current liabilities are those that will be paid in less than one year.
What does current liabilities entails?In accounting, these are those liabilities or obligations which are due or to be paid in 12 months.
Hence, any debts listed as current liabilities are those that will be paid in less than one year.
Therefore, the Option C is correct.
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Sam has a great paying job, has no dependents, and owns his own apartment. He wants to take out an appropriate loan to finance the rest of his graduate business degree, which he plans to study for at night, at a cost of $40,000. What type of loan would he consider if he really does not like to carry much, if any, debt
Sam would collect student loan if he really does not like to carry much, if any, debt.
What is loan?Loan involves borrowing certain amount of money usually from a lender.
The borrower and lender agree on a payment plan that will ensure the payment of the loan.
Therefore, Sam would collect student loan if he really does not like to carry much, if any, debt.
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Which of these is a disadvantage of owning your own business?
A. You set your own rules, hours, and direction of your business.
B. You can work in the field you love best.
C. When your business makes money, you profit the most.
D. When your business loses money, you are responsible for the debt.
Answer:
D
Explanation:
If you own the business, and you experience a loss, you are responsible for the loss. The other answers are positive advantages
Commodity futures contracts can be bought and sold on the open market for which reason?
a. commodity purchase contracts can be renegotiated at a future time in case the commodity isn't available.
b. currency-exchange rates fluctuate, changing the amount of profit that can be made on a particular commodity.
c. futures contracts remain valid even if the original parties to the contract sell the rights.
d. unsold commodities will be bought at fair market value by the federal government.
Commodity futures contracts can be bought and sold on the open market as C. futures contracts remain valid even if the original parties to the contract sell the rights.
What is an open market?It should be noted that an open market simply means the market where securities are bought and sold.
In this case, commodity futures contracts can be bought and sold on the open market as futures contracts remain valid even if the original parties to the contract sell the rights.
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What are the four basic factors that effect workplace safety?
3. State the underlying condition that a firm applies while hiring workers.
Answer:
Minimum wage
Explanation:
Minimum wage can affect the number of workers and wage paid to those workers, dependant on if it is a monopsony or PC firm hiring, the number of workers hired and wage paid will differ.
As the middle and lower classes reduced income what were their two responses?
As the middle and lower classes reduced income their response to their demand will be reduced. Household spending will be affected.
What is middle class income.Middle class income earners are the people with income or salary that is more than their spending. Their earning is doubling the average spending of their household.
Therefore, a decline in middle and lower classes reduced income will reduce the household spending.
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What is a swot anaylasis
Answer:
a study undertaken by an organization to identify its internal strengths and weaknesses, as well as its external opportunities and threats.
Explanation:
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Donald, a banker in an investment firm, has long hair. His boss thinks that all men who have long hair are not serious about their work. In this scenario, Donald's boss is guilty of _____.
In this scenario, Donald's boss is guilty of Stereotype as thinks that all men who have long hair are not serious about their work.
What is Stereotype?Stereotype is a belief in which is unfair and untrue that many people have for the other people. For example:- Girls are considered to be weak ,innocent and polite and boys are considered as very strong and they never cry.
In the above scenario, Donald who is an investment banker is judged on the basis of his physical appearance. His boss has a Stereotype that all men who have long hair are not serious about their work.
Donald must be judged by his working skills rather than his appearance. Thus the boss is guilty about his Stereotype thinking.
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The fixed costs of WeBuy&Sell, an e-commerce website, make up about 90 percent of the total costs incurred by the company. However, since its primary means of communication is web advertising, WeBuy&Sell has variable costs as low as 10 percent of its total costs. This allows WeBuy&Sell to earn high profits at a very low cost. According to the given scenario, WeBuy&Sell has _____ scalability. a. zero b. low c. infinite d. high
From the fact that the company is able to earn high profits at a very low cost it can be said to have high scalability.
What is high scalability?
This has to do with the fact that the business is able to tailor itself to meet up with the increases in its work load.
This is simply from the fat that the business would require lower capitals in their growth.
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Shelby wants to insert a new row by selecting the insert rows button. where will her new row appear on the datasheet?
The new row will appear below the row been clicked for the insertion of the rows option.
What does new row means?In a spreadsheet, this means the addition of a new row to the existing rows on the sheet.
Therefore, the new row will appear below the row been clicked for the insertion of the new rows option and this will allow the user to work on the new inserted row.
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THIS IS FOR EDGE BUSINESS TECH PLEASE ANSWER ALL QUESTIONS (6) !!
1. Describe two trends that you've noticed (either demographic, invention/technology, lifestyle, or style/entertainment) and explain how each one might generate a small business opportunity. (1-6 sentences. 4.0 points)
2. Make a list of at least 5 business ideas that interest you. Then explain which one you think is the best opportunity for you. Give at least 3 reasons why this opportunity is better for you than the others. (2-6 sentences. 3.0 points)
3. Visit the Web site for a well-known company, and find the section that states its mission. What is the company's mission? How does the mission relate to the type of products the company sells? Did anything surprise you about the mission? Why or why not? TIP: If the company's Web site doesn't describe its mission, choose a different company. (1-5 sentences. 3.0 points)
4. Visit the Web site for a different well-known company, and find the section that lists the company's values. What are the company's values? How do they relate to the products the company sells? Did anything surprise you about the company's values? Why or why not? TIP: If the company's Web site doesn't describe its values, choose a different company. (1-5 sentences. 3.0 points)
5. Do a SWOT analysis for the business idea you chose in question 2 above. Describe at least 2 strengths, 2 weaknesses, 2 opportunities, and 2 threats for that company idea. (1-8 sentences. 4.0 points)
6. Make a list of at least 3 people you would want to give copies of your business plan to, and explain why you chose each of those people. (1-5 sentences. 3.0 points)
Marketing trends for the current market are related to innovation, such as the digital market, with the sale of infoproducts through influencer marketing.
What is influencer marketing?It is an approach on the rise that originated due to the sharing of information on digital platforms. It consists of strategies for engaging a person on the internet, generating trust in their opinion about a product and brand, promoting it.
Based on influencer marketing, some business ideas that can be profitable in today's market are:
Selling online coursesDigital marketing consultancyDigital influencerDigital designerMarketing agencyTo stand out in a competitive and globalized market, it is essential that the company develops its values and mission in line with its objectives and promoting the brand's socio-environmental responsibility.
Therefore, the use of marketing tools such as SWOT analysis will help an organization to be positioned in the market, by expanding the vision of the micro and macro environment.
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Name the occupation in which people work for others and get rewarded in return
Answer:
Employment/Employers
Explanation:
Employers are the people who hire others in order to do work for a business, establisment or company with the bonus of payment.
When asked a difficult question during an interview, _____.
change the subject
put a positive spin on the honest answer
make up a positive story
ignore the question
Answer: The answer is B.
Put a positive spin on the honest answer.
One advantage of having an ATM card is that it can be used to
O make deposits at a bank
O apply for car loans.
O change a person's credit history
O buy stocks
Answer:
It can be used to buy stocks
When explaining technical information to a non-
technical audience, it is best to
avoid the use of technical terms in your
explanations.
O get the audience's attention with a messy-
looking hair style.
O use technical terms in your explanations.
DONE
Answer:
Avoid the use of technical term
Explanation:
Avoid the use of technical term in your explanation
What do you think is a benefit of having a fixed interest loan?.