Answer:
c) make no adjusting entry because differences between actual overhead and the amount applied are a normal part of job costing and will average out next year.
Explanation:
Remember, in accounting, a financial transaction is often considered immaterial when it is deemed insignificant or not useful to the accounting process.
Hence, based on this understanding, the $1,200 debit balance is considered immaterial by the company because differences between actual overhead and the amount applied are a normal part of job costing and will average out next year.
John Albertson purchases a plot of land for $15,000 exactly 3 years ago. If the land has appreciated 12% each year, what is its value now?1. $20,400.
2. $16,800.
3. $21,074.
4. $45,000.
5. $25,200.
Answer:
3. $21,074.
Explanation:
The computation of the value now is shown below:
As we know that
Future value = Present value × (1 + rate of interest)^number of years
= $15000 × (1 + 0.12)^3
= $15,000 × 1.40493
= $21,073.95
= $21,074
Hence, the value now is $21,074
Therefore the correct option is 3.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Stock A is expected to return 14 percent in a normal economy and lose 21 percent in a recession. Stock B is expected to return 11 percent in a normal economy and 5 percent in a recession. The probability of the economy being normal is 75 percent with a 25 percent probability of a recession. What is the covariance of these two securities?a) 0.007006b) 0.006563c) 0.005180d) 0.007309e) 0.006274
Answer:
The correct option is b) 0.006563.
Explanation:
Note: See the attached excel file for the calculation of the covariance between stocks A and B.
Covariance refers to a metric that measures the relationship between two random variables by showing the degree to which the two variables change together.
A positive covariance means that two variables move in the same direction, while a negative covariance indicates that the two variables tend to move in the opposite directions.
In the attached excel file, the following are used:
RA = Rate of Return of Stock A
RB = Rate of Return of Stock B
P = Probability
ERA = Expected return of Stock A = RA * P
ERB = Expected return of Stock B = RB * P
DA = Deviation of Stock A = RA - Sum of ERA
DB = Deviation of Stock B = RB - Sum of ERB
N = Number of observation = 2
Therefore, Covariance of Stock A and B is calculated using the covariance formula as follows:
Covariance of Stock A and B = Sum of (DA * DB) / N = 1.3125% / 2 = 0.6563%, or 0.006563
Therefore, the covariance of these two securities is 0.006563. This shows that the correct option is b) 0.006563.
select one country and consider the export of that country what is the reason for the export
Answer:
nepal
Explanation:
reason for export: to sell the product in different places
Your email marketing service shuts you down if your spam reports exceed 3%. You are doing a mailing to 900 people. What is the maximum number of spam reports you can get without being shut down?
Answer:27
Explanation:900 times 3%=27
27 is the maximum number of spam reports you can get without being shut down. Calculation: 900 times 3%=27
What is a spam report?The act of categorizing electronic messages as abusive for reporting to an authority so that they can be handled with is known as spam reporting, which is more appropriately referred to as abuse reporting. Email messages, blog comments, and other types of spam are all examples of reported messages. Users can mark the postings of other users as having abusive material by filing abuse complaints.
Most websites that permit user-generated content either implement a range of user roles that enable users to jointly manage the site's contents or apply some moderation based on abuse complaints, such as concealing or removing the problematic content at a set threshold. By alerting hash-sharing systems to abusive message, the most difficult problems can be resolved.
Learn more about spam reporting here:
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When Southwest Airlines sends an e-mail to frequent-flier customers offering a special low price between selected cities if the plane ticket is purchased within the next four days,this is an example of:__________.A) direct marketing.B) integration.C) publicity.D) indirect-response promotion.E) mass selling.
Answer: A) direct marketing.
Explanation:
Direct marketing derives its name from the direct nature of communication it uses to communicate with customers. This means that in direct marketing, the entity advertising talks to the targets directly instead of having to go through a third party of sorts.
Southwest Airlines advertised its special offer to the intended targets directly via their email which makes this a direct marketing example.
Compute and interpret the contribution margin ratio using the following data: sales, $5,000; total variable cost, $3,000.Interpret what these result mean using a sentence.
Answer:
0.4 or 40%
Explanation:
The formula for Contribution Margin Ratio is:
[TS - TVC] / TS
Where TS = Total Sales
TVC = Total Variable Cost
Applying the formula,
[5,000 - 3,000] / 5,000 = 2000/5000 = 0.4
Turning this value to a percentage, 0.4 × 100 = 40%
The interpretation of this is that for every item sold, 40% of the sales price is available to cover fixed costs.
Remember: The addition of fixed cost to variable cost = total cost
Furniture, Inc., estimates the following number of mattress sales for the first four months of 2019:
Month Sales
January 32,000
February 36,800
March 29,600
April 43,200
Finished goods inventory at the end of December is 7,100 units. Target ending finished goods inventory is 20% of the next month's sales.
How many mattresses should be produced in the first quarter of 2019?
A.
99,940 mattresses
B.
67,680 mattresses
C.
67,620 mattresses
D.
108,580 mattresses
Answer:
The correct answer is A.
Explanation:
To calculate the production required for the first quarter, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= (32,000 + 36,800 + 29,600) + (43,200*0.2) - 7,100
Production= 98,400 + 8,640 - 7,100
Production= 99,940
Indicate which of the four perspectives in the balanced scorecard is most likely associated with the objectives that follow.
1. Percentage of repeat customers.
2. Number of suggestions for improvement from employees.
3. Contribution margin.
4. Brand recognition.
5. Number of cross-trained employees.
6. Amount of setup time.
Answer:
Note: The complete question is attached as picture below
Objectives Most associated balanced scorecard
1. Percentage of repeat Customer Perspective
customers
2. Number of suggestions for Learning and Growth perspective
improvement from employees
3. Contribution margin Financial perspective
4. Brand recognition Customer Perspective
5. Number of cross-trained Learning and Growth perspective
employees
6. Amount of setup time Internal process prospective
1. Percentage of repeat customer = Customer Perspective
2. Number of suggestions from employees = Learning and Growth perspective
3. Contribution margin = Financial perspective
4. Brand recognition = Customer Perspective
5. Number of cross-trained employees = Learning and Growth perspective
6. Amount of setup = Internal process prospective
In this way, it should be allocated.
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Why might a small company with limited resources NOT want to use the DAGMAR approach to setting objectives?A) DAGMAR does not support the use of communications objectives.B) DAGMAR requires managers to use more subjectivity in setting objectives than other methods.C) Small companies are unlikely to want to spend money on marketing research to develop benchmark measures and track advertising effects.D) Small companies often cannot identify their real target audience.E) All of the above are reasons why a small company with limited resources may not want to use the DAGMAR approach to setting objectives.
Answer:
The correct answer is the option C: Small companies are unlikely to want to spend money on marketing research to develop benchmark measures and track advertising effects.
Explanation:
To begin with, the concept known as "DAGMAR" refers to a method used in the field of business and marketing that primarily focus on the use of a strategy that will allow the managers of the company to adjust their objectives to be the best possible in order with the marketing campaign objectives they already have and the results they expect to have in the future. Therefore that a company with limited resources might not want to use this type of marketing approach due to the big amount of money that needs to be spend in it in order to be worth it and good at it.
Many U.S. firms have sought relief from foreign competition by demanding protectionism policies by the U.S. government. A better way for companies to compete is to expand into foreign markets and:______.A) Lower prices.
B) Increase promotion both at home and abroad.
C) Continuously improve their products at home.
D) Join into cartels at home.
Answer: C) Continuously improve their products at home.
Explanation:
Protectionism policies like tariffs and import quotas have the effect of reducing free trade which erodes consumer welfare as well as hurting trade so should be avoided if better options exist.
One of those is for a company to increase its market base instead of relying on protection from the government. If they can expand into foreign market, they will have a larger market in which to trade their goods and increase profitability.
Another way is to improve their products at home. Better products would attract more customers to their products and increase profitability.
During the year, the following selected transactions affecting stockholders' equity occurred for Navajo Corporation:
a. Feb. 1 Repurchased 220 shares of the company's own common stock at $22 cash per share.
b. Jul. 15 Sold 120 of the shares purchased on February 1 for $23 cash per share.
c. Sept. 1 Sold 90 of the shares purchased on February 1 for $21 cash per share.
Required:
Prepare the journal entry required for each of the above transactions.
Answer and Explanation:
The journal entries are shown below:
a. Treasury Stock Dr $4,840 (220 shares × $22)
To Cash $4,840
(Being repurchase stock for cash is recorded)
b Cash $2,760 (120 shares × $23)
To Treasury Stock $2,640 (120 shares × $22)
To Additional Paid in capital $120
(Being the sale of the shares are recorded)
c Cash $1,890 (90 shares × $21)
Additional Paid in capital $90
To Treasury Stock $1,980 (90 shares × $22)
(Being the sale of the shares are recorded)
Suppose a week after you get this report from your research department, you hear on the news that Colombia and Vietnam are going to increase money supply to stimulate their economy while the United States is keeping its money supply stable, you would expect that:_______
a. Both projections will be the same since the US is keeping their money supply fixed
b. the 3 month projections for the peso would be smaller while that of the dong will be larger
c. the 3 month projections for the peso would be larger while that of the dong will be smaller
d. the 3 month projections for the peso and dong will be smaller
e. the 3 month projections for the peso and dong will be larger
Answer:
e. the 3 month projections for the peso and dong will be larger
Explanation:
this question is about a company that imports coffee from Colombia and Vietnam (along with 3 other countries). The report stated an estimation of the future value of the Colombian peso and Vietnamese dong. But that report is outdated and irrelevant now. Since the central banks of Colombia and Vietnam decide to increase their money supply, while the US money supply remains stable, that will result in a higher depreciation of the peso and dong. I.e. their currencies will be cheaper against the US dollar, so the estimations made before are incorrect now. The previous estimates were:
Vietnam
23,205.35 Dongs per dollar - Today 23,025.00 Dongs per dollar - 3 month projection
Colombia
3,163.75 pesos per dollar - Today 3,001.25 pesos per dollar - 3 month projection
Since the currencies will depreciate more against the US dollar, both estimates must increase, e.g. probably in 3 months $1 will be worth 24,000 dongs or 3,200 pesos.