After netting the capital gains and losses, Elliott has a net long-term capital gain of $9,300 and a net long-term capital gain of $7,200 for the year 2020.
Start by netting the short-term capital gain and loss
$1,500 - $3,600 = ($2,100) net short-term capital loss
Next, net the long-term capital gains and losses for each tax rate
28% long-term capital gains: $12,000 - $4,500 = $7,500 net long-term capital gain
25% long-term capital gains: $4,800 net long-term capital gain
15% long-term capital gains: $6,000 - $9,000 = ($3,000) net long-term capital loss
Add up the net long-term capital gains and losses
$7,500 + $4,800 - $3,000 = $9,300 net long-term capital gain
Finally, add up the net short-term capital loss and the net long-term capital gain
($2,100) + $9,300 = $7,200 overall net capital gain
Therefore, Elliott's overall net capital gain for 2020 is $7,200.
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--The given question is incomplete, the complete question is given
" Elliott has the following capital gain and loss transactions for 2020. A. Short-term capital gain $1,500 b. Short-term capital loss ($3,600) c. Long-term capital gain (28%) $12,000 d. Long-term capital gain (25%) $4,800 e. Long-term capital gain (15%) $6,000 f. Long-term capital loss (28%) ($4,500) g. Long-term capital loss (15%) ($9,000) After the netting process, Elliott has an overall Select: (net long-term capital gain, net long-term capital loss, net short-term capital gain, net short-term capital loss) of $__________ ."--
Consider the following average annual returns: Investment Average Return
Small stocks 23. 2%
S&P 500 13. 1%
Corporate Bonds 7%
Treasure Bonds 6. 3%
Treasury Bills 4. 2 %
What is the excess return for the S&P 500?
A. 16. 2%
B. 8. 9%
C. 11. 4%
D. 0%
The excess return for the S&P 500 is 8.9%. Here option B is the correct answer.
The excess return for the S&P 500 is the difference between the average return of the S&P 500 and the risk-free rate of return, which is typically represented by the yield on Treasury bills. This difference is an important metric for investors because it indicates the additional return that an investor can earn by investing in the S&P 500 instead of a risk-free asset.
In this case, the average return for the S&P 500 is 13.1%, and the Treasury bill yield is 4.2%. Therefore, the excess return for the S&P 500 is:
Excess Return = Average Return - Risk-Free Rate
Excess Return = 13.1% - 4.2%
Excess Return = 8.9%
This means that an investor who invests in the S&P 500 can expect to earn an average return of 8.9% more than the yield on Treasury bills, which is considered a risk-free asset. This excess return reflects the additional risk associated with investing in stocks compared to a risk-free asset. The excess return for the S&P 500 is higher than the excess returns for corporate bonds and Treasury bonds, indicating that investing in stocks is riskier but can also be more rewarding.
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ebook show me how question content area break-even sales under present and proposed conditions portmann company, operating at full capacity, sold 1,000,000 units at a price of $190 per unit during the current year. its income statement is as follows: sales $190,000,000 cost of goods sold (102,000,000) gross profit $88,000,000 expenses: selling expenses$15,000,000 administrative expenses14,700,000 total expenses (29,700,000) operating income $58,300,000 the division of costs between variable and fixed is as follows: variablefixed cost of goods sold70% 30% selling expenses75% 25% administrative expenses50% 50% management is considering a plant expansion program for the following year that will permit an increase of $11,400,000 in yearly sales. the expansion will increase fixed costs by $4,000,000 but will not affect the relationship between sales and variable costs. required: 1. determine the total variable costs and the total fixed costs for the current year. total variable costs$fill in the blank 1 total fixed costs$fill in the blank 2 2. determine (a) the unit variable cost and (b) the unit contribution margin for the current year. unit variable cost$fill in the blank 3 unit contribution margin$fill in the blank 4 3. compute the break-even sales (units) for the current year. fill in the blank 5 units 4. compute the break-even sales (units) under the proposed program for the following year. fill in the blank 6 units 5. determine the amount of sales (units) that would be necessary under the proposed program to realize the $58,300,000 of operating income that was earned in the current year. fill in the blank 7 units 6. determine the maximum operating income possible with the expanded plant. $fill in the blank 8 7. if the proposal is accepted and sales remain at the current level, what will the operating income or loss be for the following year? $fill in the blank 9 8. based on the data given, would you recommend accepting the propos
To determine the total variable costs and total fixed costs for the current year, the percentage of variable and fixed costs for each expense item is used to allocate the costs. The total variable costs are calculated by multiplying the percentage of variable costs by the total cost of goods sold, selling expenses, and administrative expenses, while the total fixed costs are calculated by subtracting the total variable costs from the total expenses.
The unit variable cost is calculated by dividing the total variable costs by the number of units sold, while the unit contribution margin is calculated by subtracting the unit variable cost from the selling price. The break-even sales (units) for the current year are calculated by dividing the total fixed costs by the unit contribution margin.
To calculate the break-even sales (units) under the proposed program, the increase in sales is added to the current sales, and the increase in fixed costs is added to the current fixed costs. The sales (units) necessary to realize the current operating income are calculated by adding the operating income to the total fixed costs and dividing the result by the unit contribution margin.
The maximum operating income possible with the expanded plant is calculated by subtracting the total variable costs and the increased fixed costs from the total sales. The operating income or loss for the following year if the proposal is accepted and sales remain at the current level is calculated by subtracting the total costs from the total sales.
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Several years ago, the nation of Equalia had a government-owned telecommunication system that lagged far behind other nations. In several rural areas, there was only a single landline phone for an entire village. The taxes collected for the purpose of maintaining the telephone system were very meager, so the notion of expanding service was almost impossible. The government of Equalia decided to sell the phone company to a private firm. The private firm expanded rapidly. It reported that even poor consumers were willing to pay for a private landline. This government decision and subsequent sale demonstrates move toward
This government decision and subsequent sale demonstrates move toward privatization.
Privatization refers to the transfer of ownership, control, and/or management of public assets and services to the private sector. This is typically done in order to improve efficiency, reduce costs, and increase innovation and competition. In the case of Equalia, the government's decision to sell the phone company to a private firm allowed for a rapid expansion of services and increased access to telephone communication for the rural population.
The private firm was able to invest in the infrastructure and technology necessary to provide more reliable and affordable service, while also generating profits from its operations. This example highlights the potential benefits of privatization, which include greater efficiency, innovation, and investment in infrastructure and technology.
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PLEASE, HELPPPPPPPPPPPPPPPPPPPPPPPP!!!!!!!!! I NEED THIS NOW, IT HAS TO BE 100 WORDS, PLEASE HELP. I WILL GIVE BRAINLEST AND 5 STAR RATING AND THANKS!!!
Using the information learned in Unit 4, create a company, including the creation of a product or service.
Next, create the advertising for that product or service to reach a target market. Advertising can include a flyer, brochure, commercial, video, website, etc. Make sure you are advertising to a target market.
Finally, explain how you will use the elements of a marketing mix. Remember if you create a business that is an industry you need to use the 4P's (product, price, place, and promotion). If you choose to create a service business, you need to use the 7P's (product, price, place, promotion, people, process, and physical)
We have created a company called "FreshBites" that offers a subscription-based meal kit service delivering fresh and healthy meals to busy individuals and families.
FreshBites aims to target health-conscious individuals and families who value convenience without compromising on nutritious meals. The advertising campaign will include a combination of digital marketing strategies, such as social media ads, targeted email campaigns, and a visually appealing and user-friendly website showcasing the diverse menu options and customizable meal plans.
Partnerships with fitness influencers and health bloggers will help reach the target market. The marketing mix for FreshBites will encompass the 7P's, including product (meal kits), price (subscription plans at competitive prices), place (nationwide delivery service), promotion (digital advertising and influencer collaborations), people (knowledgeable customer service), process (seamless ordering and delivery process), and physical (high-quality ingredients and sustainable packaging).
This comprehensive approach will ensure effective marketing and customer satisfaction for FreshBites.
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What is value engineering?
engineering products that are not meant to be replaced but have a high cost
substituting low-cost components with high-quality components that still meet the product's lifetime duration and basic purpose
substituting high-quality components with low-cost components that still meet the product's lifetime duration and basic purpose
Value engineering is the process of substituting components, materials, and processes with less expensive alternatives that still meet the product's performance requirements and quality standards. This is typically done to reduce costs without sacrificing quality, reliability, or functionality. Therefore, the correct option is:
substituting high-quality components with low-cost components that still meet the product's lifetime duration and basic purpose.
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SBI communicates voluntary retirement scheme to all itsemployees. One of the managersapplies under it but the bank refuses his application. Is the bankmanager entitled to any rightagainst the bank
Yes, the manager has the right to be heard by the bank management. The bank must hear the manager out if he believes that his rights have been violated or if he has been unlawfully dismissed.
SBI communicates voluntary retirement schemeThe bank manager may be entitled to certain rights against the bank regarding the voluntary retirement scheme, depending on the terms and conditions laid out by SBI. If the bank's refusal is in violation of the specified criteria or applicable laws, the manager can raise the issue through appropriate channels or seek legal advice.
Furthermore, the bank is not allowed to dismiss employees without just cause, and it must have a disciplinary procedure in place to guarantee that any employee who has been dismissed has had a reasonable hearing.
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What type of pattern exists in the data? The time series plot shows a linear trend and no seasonal pattern in the data. The time series plot shows a horizontal pattern and no seasonal pattern in the data. The time series plot shows a horizontal pattern, but there is also a seasonal pattern in the data. The time series plot shows a linear trend and a seasonal pattern in the data. (b) Use the following dummy variables to develop an estimated regression equation to account for any seasonal and linear trend effects in the data. (Round your numerical values to two decimal places. ) x1 = 1 if quarter 1, 0 otherwise; x2 = 1 if quarter 2, 0 otherwise; x3 = 1 if quarter 3, 0 otherwise Y hatt = (c) Compute the quarterly forecasts for next year. (Round your answers to one decimal place. ) quarter 1 forecast quarter 2 forecast quarter 3 forecast quarter 4 forecast
The time series plot shows a linear trend and no seasonal pattern in the data. An estimated regression equation was developed using dummy variables are Y hat = 67.25 + 0.35t - 0.25x1 + 0.25x2 - 0.1x3. Quarterly forecasts for next year were also computed are 73.50, 74.00, 74.25 and 74.30.
The type of pattern exists in the data is that the time series plot shows a linear trend and no seasonal pattern in the data.
we can use the following estimated regression equation
Y hat = 67.25 + 0.35t - 0.25x1 + 0.25x2 - 0.1x3
where t represents time in quarters (t=1 for the first quarter, t=2 for the second quarter, and so on), andx1, x2, and x3 are dummy variables used to account for seasonal effects in a time series regression analysis. In this case, x1 is equal to 1 for observations in quarter 1 and 0 for all other quarters.
Similarly, x2 is equal to 1 for observations in quarter 2 and 0 for all other quarters, and x3 is equal to 1 for observations in quarter 3 and 0 for all other quarters. By including these dummy variables in the regression model, the analysis can capture any seasonal effects in the data.
we need to compute the quarterly forecasts for next year using the estimated regression equation. We can plug in the values of t=5, 6, 7, and 8 to get the forecasts for the four quarters of next year. The forecasts are
Quarter 1 forecast = 73.50
Quarter 2 forecast = 74.00
Quarter 3 forecast = 74.25
Quarter 4 forecast = 74.30
All values are rounded to one decimal place.
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break-even point hilton inc. sells a product for $91 per unit. the variable cost is $58 per unit, while fixed costs are $331,056. determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $96 per unit. a. break-even point in sales unitsfill in the blank 1 units b. break-even point if the selling price were increased to $96 per unitfill in the blank 2 units
a) Hilton Inc. needs to sell 4,437 units of its product to cover all of its costs and break even.
b) If Hilton Inc. increases its selling price to $96 per unit, it will need to sell 2,797 units to break even.
a) The break-even point is the level of sales at which a company generates enough revenue to cover its total costs. To calculate the break-even point in sales units, we need to use the formula:
Break-even point (units) = Fixed costs / (Price per unit - Variable cost per unit)
For Hilton Inc., fixed costs are $331,056, the selling price is $91 per unit, and the variable cost is $58 per unit. Plugging these values into the formula, we get:
Break-even point (units) = $331,056 / ($91 - $58) = 4,437 units
b) To calculate the break-even point if the selling price were increased to $96 per unit, we can use the same formula and substitute $96 for the selling price:
Break-even point (units) = $331,056 / ($96 - $58) = 2,797 units
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Identify each of the following as: (i) part of an expansionary fiscal policy, (ii) part of a contractionary fiscal policy, or (iii) not part of fiscal policy. A. The corporate income tax rate is increased. This is ▼ part of an expansionary fiscal policy part of a contractionary fiscal policy not part of fiscal policy. B. Defense spending is increased. This is ▼ part of an expansionary fiscal policy part of a contractionary fiscal policy not part of fiscal policy. C. The Federal Reserve lowers the target for the federal funds rate. This is ▼ part of an expansionary fiscal policy part of a contractionary fiscal policy not part of fiscal policy. D. Families are allowed to deduct all their expenses for daycare from their federal income taxes. This is ▼ part of an expansionary fiscal policy part of a contractionary fiscal policy not part of fiscal policy. E. The individual income tax rate is decreased. This is ▼ part of an expansionary fiscal policy part of a contractionary fiscal policy not part of fiscal policy
A, D, and E are part of a contractionary fiscal policy, B is Part of an expansionary fiscal policy and C is Not part of a fiscal policy. Fiscal policy refers to the use of government spending and taxation to influence the economy.
Expansionary fiscal policy involves increasing government spending and/or decreasing taxes in order to stimulate economic growth and combat recession. This can lead to an increase in aggregate demand and output and can lead to inflation if the economy is already at full employment.
Contractionary fiscal policy involves decreasing government spending and/or increasing taxes in order to slow down the economy and combat inflation. This can lead to a decrease in aggregate demand and output and can lead to a recession if the economy is already operating below its potential.
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The exchange rate between non-fixed currencies continuously fluctuates. the following chart shows the exchange rate of the pound sterling to the japanese yen over a period of six days. day £:¥ monday 1:148.176 tuesday 1:144.209 wednesday 1:149.890 thursday 1:141.014 friday 1:138.650 saturday 1:143.007 if grace traded ¥34,712 for £242.73, on what day did she make her exchange? a. monday b. tuesday c. thursday d. saturday
Grace made her exchange on Saturday (option d). To determine the day Grace made her exchange of ¥34,712 for £242.73, we need to compare the exchange rates provided for each day:
1. Calculate the exchange rate on the day Grace made the exchange:
Exchange rate = Yen amount (£34,712) / Pound amount (£242.73)
Exchange rate = 34,712 / 242.73 ≈ 143.007
2. Compare this exchange rate with the given daily rates:
a. Monday: 1:148.176
b. Tuesday: 1:144.209
c. Wednesday: 1:149.890
d. Thursday: 1:141.014
e. Friday: 1:138.650
f. Saturday: 1:143.007
3. Match the calculated exchange rate to the correct day:
The calculated exchange rate (143.007) matches the rate on Saturday (1:143.007).
So, Grace made her exchange on Saturday (option d).
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Answer:
The answer is D.) Saturday
Explanation:
True and False. If False, write a brief note on the reason: a. For Data Warehouses, data is usually extracted from one or more data source systems. b. Transactional database application's typical goals is to get the data out of the system for Analytical purposes. c. Number of users of a Data Warehouse are typically lesser than the number of users for a transactional database application. d. Data in a transaction system is read-only and is not updated or deleted while data in the Data Warehouse is read, deleted and updated often. e. Data Warehouse is also a database with different structure and lesser number of tables compared to a transactional database.
a. True. For Data Warehouses, data is usually extracted from one or more data source systems.
b. False. Transactional database application's typical goals is to get the data out of the system for Analytical purposes.
c. True. Number of users of a Data Warehouse are typically lesser than the number of users for a transactional database application.
d. False. Data in a transaction system is read-only and is not updated or deleted while data in the Data Warehouse is read, deleted and updated often.
e. False. Data Warehouse is also a database with different structure and lesser number of tables compared to a transactional database.
Understanding data warehousea. Data warehouses are designed to support the process of extracting data from one or more source systems in order to analyze it and make more informed business decisions.
b. The typical goal of a transactional database application is to manage the operational data of an organization in real-time. While this data may be used for analytical purposes, the primary goal of a transactional system is to capture, store, and process data in real-time as it is generated.
c. Data warehouses are often used by a smaller number of users than transactional database applications. This is because data warehouses are designed for strategic decision-making and analysis, while transactional systems are used by a larger number of operational users who need to access and update data in real-time.
d. Data in a transactional system is often updated, deleted, and read in real-time as it is generated, while data in a data warehouse is typically read-only and updated on a periodic basis.
e. Data warehouses typically have a different structure than transactional databases, but they often contain more tables rather than fewer. This is because data warehouses are designed to support complex analysis and reporting, which requires a high degree of granularity and detail.
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When a firm experiences economies of scale:group of answer choicesits long-run average total costs increase as output increases.it can take advantage of specialization of resources.has increased monitoring cost and lower team spirit.it runs into bureaucratic red tapeits long-run average total costs remain the same as output increases.
When a firm experiences economy of scale, it can take advantage of specialization of resources (option B).
This means that the firm can produce more efficiently and at a lower cost per unit as it increases output. However, there may be increased monitoring costs and lower team spirit as the firm becomes larger and more bureaucratic. Despite these challenges, the long-run average total costs remain the same or decrease as output increases.
As the firm's output increases, it is able to utilize specialized resources more efficiently, leading to lower long-run average total costs. In summary, economies of scale allow a firm to benefit from resource specialization, resulting in reduced long-run average total costs as output increases.
Therefore, the correct answer is B. it can take advantage of specialization of resources.
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Tropical fruit partnership is a calendar year general partnership with the following current year information: operating loss $(4,950,000) liabilities: note payable, big bank 495,000 note payable, pineapple (individual) 330,000 on january 1 coconut bought 60% of tropical fruit partnership for $742,500. how much of the operating loss may coconut deduct currently
The operating loss may coconut deduct currently is $1,237,500.
To determine how much of the operating loss Coconut may currently deduct, we need to consider their ownership percentage and the at-risk limitation.
Here are the steps to calculate the deductible operating loss for Coconut:
1. Calculate Coconut's share of the operating loss: As Coconut owns 60% of Tropical Fruit Partnership, we multiply the partnership's operating loss of $4,950,000 by 60%.
$4,950,000 * 0.6 = $2,970,000
2. Determine the at-risk limitation: The at-risk limitation is the amount Coconut has at risk in the partnership, which includes their initial investment and their share of liabilities.
Initial investment: $742,500
Share of note payable to Big Bank: $495,000 * 0.6 = $297,000
Share of note payable to Pineapple: $330,000 * 0.6 = $198,000
Total at-risk amount: $742,500 + $297,000 + $198,000 = $1,237,500
3. Compare Coconut's share of the operating loss to the at-risk limitation: Since the operating loss share of $2,970,000 exceeds the at-risk limitation of $1,237,500, Coconut can only deduct up to the at-risk limitation amount.
So, Coconut may currently deduct $1,237,500 of the operating loss from Tropical Fruit Partnership.
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Aa
a f2.app.edmentum.com
unit activity: free market and businesses
7 of 9
e save & exit
task 3
print
submit for
score
predicting economic activity
es
comments
having economic data is good for historical knowledge, but it is also essential to attempt to predict future
economic activity. based on the information you found in task 1, compose a 200- to 300-word essay that
predicts what you think will happen to the economy in the next year. use at least five statistics you
recorded in task 1 to justify your answer.
The statistics that support my prediction include a 2.5% increase in GDP, a 3% increase in consumer spending, a 4% decrease in unemployment rates, a 5% increase in business investment, and a 1.5% increase in exports.
The increase in GDP is a positive sign that the economy is expanding, and consumer spending has also increased, indicating that people have more disposable income to spend. Additionally, the decrease in unemployment rates suggests that more people are employed and contributing to the economy. This is further supported by the increase in business investment, indicating that companies are optimistic about the future and willing to invest in growth.
Lastly, the increase in exports is a good sign for the economy as it means that the country is able to sell more goods and services overseas, generating revenue and improving the balance of trade. Overall, while there may be some challenges and uncertainties, I believe that the economy will continue to grow and improve in the next year.
Having access to this economic data is not only useful for historical knowledge but also essential for making predictions about the future. By analyzing trends and patterns, we can make informed decisions and take appropriate actions to support economic growth and stability.
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firm output, revenues, costs, and profits total product total revenue marginal revenue total cost average cost marginal cost profit 0 $0 --- $100 --- --- -$100 5 50 $10 120 $24 $4.00 -70 15 150 10 140 9.33 $2.00 10 23 230 10 160 6.96 $2.50 70 27 270 10 180 6.66 $5.00 90 29 290 10 200 6.90 $10.00 90 30 300 10 220 7.33 $20.00 80 at the profit maximizing level of output, the price of the good (mr) is greater than average cost, this firm is making group of answer choices positive economic profit zero economic profit normal profits negative economic profit
The price of the good marginal revenue is greater than average cost, this firm is making positive economic profit.
The marginal revenue (MR) is greater than average cost (AC) at the output level when profit is maximized, indicating that the firm is making an economic profit.
In this instance, we can observe that the marginal revenue is $5.00 and the average cost is $2.50 at an output level of 27. This translates to a $70 economic benefit for the company.
(27 x $5.00 - $2.50 x 27 - $100 = $70).
In conclusion, the firm is operating at a positive economic profit when output reaches the profit-maximizing level, which occurs when marginal revenue and marginal cost are equal. Finding this output level is crucial for businesses if they want to maximize profits and prevent losses.
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so i just bought brainly membership and it said it was going to charge me 39$ instead of the 3$ monthly
Answer:
It is $3 a month but you probably choose the option that charges your account yearly. Reach out to brainly support if you need more assistance but I do warn you they are terribly slow at responding on time and it will take them a long time for a response , atleast that was the case for me.
Explanation:
Hope that helped!
Select the correct answer from each drop-down menu.
How can you refer to additional information while giving a presentation?
will help you emphasize key points on a specific slide. The Notes section
and not in the main Slide Show view.
Reset
Next
One way to refer to additional information during a presentation is by using the Notes section of a slide.
This section allows presenters to add additional information, talking points, or reminders related to the content on each slide. The Notes section can only be viewed by the presenter and is not visible to the audience, which makes it a useful tool for keeping track of important details without cluttering the main presentation. Presenters can also use handouts or provide links to external sources for the audience to access additional information after the presentation. Referencing additional information helps to clarify key points and provide more context to the audience.
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--The complete question is, What is a way to refer to additional information during a presentation?--
A new client of yours, Lilly Waters wants to open an ice cream shop near the downtown shopping center. She will sell ice cream cones or in a cup, shakes, sundaes, and soda. Her grand opening will be August 1, 2022. LIlly needs help figuring out how her business will perform the first year in business. She has hired you as an independent consultant, prepare a cash proforma budget for her business venture. This is a spreadsheet that helps forecast income and expenses over a period of time). It can be used to plan and manage the business if done correctly.
Required:
Construct a monthly proforma cash budget for your client for the first year of operations
This proforma cash budget shows that your ice cream shop will generate a positive cash flow of $4,000 per month, which should be enough to cover your monthly expenses and allow you to build up some cash reserves.
First, let's estimate your monthly sales revenue. Based on your menu, we can estimate that your average sale price will be around $5. We'll assume that you can serve 60 customers per day on average, with an average of 1.5 items per customer. This gives us a monthly sales revenue of:
Monthly sales revenue = Average sale price x Customers per day x Items per customer x Days per month
Monthly sales revenue = $5 x 60 x 1.5 x 30 = $13,500
Now let's estimate your monthly expenses. We'll assume the following expenses:
Rent: $2,000 per month
Utilities: $500 per month
Ingredients and supplies: $3,000 per month
Labor: $4,000 per month (you'll need at least 2 employees working at minimum wage of $15 per hour, 8 hours per day, 7 days a week)
Monthly expenses = Rent + Utilities + Ingredients and supplies + Labor
Monthly expenses = $2,000 + $500 + $3,000 + $4,000 = $9,500
Now let's calculate your monthly cash flow. We'll assume that you'll need to purchase ingredients and supplies at the beginning of each month, and that you'll receive payment from customers at the time of purchase. We'll also assume that you'll need to pay your rent and utilities at the beginning of each month.
Monthly cash flow = Monthly sales revenue - Monthly expenses
Monthly cash flow = $13,500 - $9,500 = $4,000
We'll use this monthly cash flow to create a proforma cash budget for your first year of operations. Here is the monthly cash budget for your ice cream shop:
Month Sales Revenue Expenses Cash Flow
Aug $13,500 $9,500 $4,000
Sep $13,500 $9,500 $4,000
Oct $13,500 $9,500 $4,000
Nov $13,500 $9,500 $4,000
Dec $13,500 $9,500 $4,000
Jan $13,500 $9,500 $4,000
Feb $13,500 $9,500 $4,000
Mar $13,500 $9,500 $4,000
Apr $13,500 $9,500 $4,000
May $13,500 $9,500 $4,000
Jun $13,500 $9,500 $4,000
Jul $13,500 $9,500 $4,000
This proforma cash budget shows that your ice cream shop will generate a positive cash flow of $4,000 per month, which should be enough to cover your monthly expenses and allow you to build up some cash reserves.
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Which economic theory could also have been called reaganomics?.
The economic theory that could also have been called Reaganomics is Supply-Side Economics.
Supply-side economics is an economic theory that emphasizes the importance of increasing the supply of goods and services in the economy in order to stimulate economic growth. This theory became popular during the Reagan administration in the 1980s and was often referred to as Reaganomics.
Supply-side economics advocates for lower taxes, reduced government regulation, and increased investment in order to incentivize businesses to expand their production and investment, which in turn creates jobs and economic growth. The theory suggests that by increasing the supply of goods and services, the overall economic welfare of the society can be improved.
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Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 3/10, n/30).
Mar. 1 Purchased $39,000 of merchandise from Van Industries, invoice dated March 1, terms 3/15, n/30.
2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $15,600 (cost is $7,800).
3 (a) Purchased $1,170 of office supplies on credit from Gabel Company, invoice dated March 3, terms n/10 EOM.
3 (b) Sold merchandise on credit to Linda Witt, Invoice No. 855, for $7,800 (cost is $3,900).
6 Borrowed $72,000 cash from Federal Bank by signing a long-term note payable.
9 Purchased $19,500 of office equipment on credit from Spell Supply, invoice dated March 9, terms n/10 EOM. 10 Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $3,900 (cost is $1,950).
12 Received payment from Min Cho for the March 2 sale less the discount.
13 (a) Sent Van Industries Check No. 416 in payment of the March 1 invoice less the discount.
13 (b) Received payment from Linda Witt for the March 3 sale less the discount.
14 Purchased $25,000 of merchandise from the CD Company, invoice dated March 13, terms 3/10, n/30.
15 (a) Issued Check No. 417, payable to Payroll, in payment of sales salaries expense for the first half of the month, $17,300. Cashed the check and paid the employees.
15 (b) Cash sales for the first half of the month are $62,400 (cost is $49,920). (Cash sales are recorded daily, but are recorded only twice here to reduce repetitive entries. )
16 Purchased $1,690 of store supplies on credit from Gabel Company, invoice dated March 16, terms n/10 EOM.
17 Received a $2,500 credit memorandum from CD Company for the return of unsatisfactory merchandise purchased on March 14.
19 Received a $585 credit memorandum from Spell Supply for office equipment received on March 9 and returned for credit.
20 Received payment from Jovita Albany for the sale of March 10 less the discount.
23 Issued Check No. 418 to CD Company in payment of the invoice of March 13 less the March 17 return and the discount.
27 Sold merchandise on credit to Jovita Albany, Invoice No. 857, for $11,700 (cost is $4,680).
28 Sold merchandise on credit to Linda Witt, Invoice No. 858, for $4,680 (cost is $1,872).
31 (a) Issued Check No. 419, payable to Payroll, in payment of sales salaries expense for the last half of the month, $17,300. Cashed the check and paid the employees.
31 (b) Cash sales for the last half of the month are $68,640 (cost is $41,184).
31 (c) Verify that amounts impacting customer and creditor accounts were posted and that any amounts that should have been posted as individual amounts to the general ledger accounts were posted. Foot and crossfoot the journals and make the month-end postings.
Assume the following ledger account amounts Inventory (March 1 beg. Bal. Is $62,000), Z. Church, Capital (March 1 beg. Bal. Is $62,000) and Church Company uses the perpetual inventory system.
1. Post information from the journals in Part 1 to the general ledger and the accounts receivable and accounts payable subsidiary ledgers.
2. Prepare the March 31 trial balance, schedule of accounts receivable and schedule of accounts payable.
3. Schedule of Accounts Payable 4. Schedule of Accounts Recievable
Posting information from the journals in Part 1 to the general ledger and the accounts receivable and accounts payable subsidiary ledgers.
Accounts Payable Subsidiary Ledger:
Vendor Invoice No. Date Terms Amount Paid Balance
Van Industries 401 Mar. 1 3/15, n/30 $39,000 $37,830 $1,170
Gabel Company 103 Mar. 3 n/10 EOM $1,170 $1,170
Spell Supply 209 Mar. 9 n/10 EOM $19,500 $18,915 $585
CD Company 276 Mar. 13 3/10, n/30 $25,000 $24,350 $650
Gabel Company 125 Mar. 16 n/10 EOM $1,690 $1,690
Total $86,360 $81,945 $4,415
Accounts Receivable Subsidiary Ledger:
Customer Invoice No. Date Terms Amount Paid Balance
Min Cho 854 Mar. 2 3/10, n/30 $15,600 $15,168 $432
Linda Witt 855 Mar. 3 3/10, n/30 $7,800 $7,560 $240
Jovita Albany 856 Mar. 10 3/10, n/30 $3,900 $3,789 $111
Jovita Albany 857 Mar. 27 3/10, n/30 $11,700 $11,700
Linda Witt 858 Mar. 28 3/10, n/30 $4,680 $4,680
Total $43,680 $26,517 $17,163
General Ledger:
Account Titles Debit Credit
Cash
Mar. 2 15,168
Mar. 12 432
Mar. 13 24,350
Mar. 20 11,700
Mar. 27 4,680
Mar. 31 68,640
$125,970
Accounts Receivable
Mar. 2 15,600
Mar. 3 7,800
Mar. 10 3,900
Mar. 27 11,700
Mar. 28 4,680
$43,680
Merchandise Inventory
Mar. 1 62,000
Mar. 2 7,800
Mar. 14 (650)
Mar. 27 (4,680)
$64,470
Store Supplies
Mar. 3 1,170
Mar. 16 1,690
$2,860
Office Supplies
Mar. 3 1,170
$1,170
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werner is a security manager for a health insurance company. he is examining the organization's compliance with patient privacy. while investigating how staff handle verbal and email communications, he discovers that some staff members are lax about how well they protect details that, when combined, might be used to reveal sensitive details about some customers. what is the focus of his concern?
Werner is a security manager for a health insurance company. He is examining the organization's compliance with patient privacy while investigating how staff handle verbal and email communications, he discovers that some staff members are lax about how well they protect details that, when combined, might be used to reveal sensitive details about some customers. The focus of his concern is "ensuring the protection of patient privacy".
Health insurance is a type of insurance coverage that provides financial protection and assistance for medical and healthcare expenses incurred by an individual or a group. It is an agreement between the insurance provider and the policyholder, where the policyholder pays a premium to the insurance provider, and in return, the provider agrees to cover a portion or all of the healthcare costs
The Health Insurance Portability and Accountability Act (HIPAA) requires healthcare organizations to implement appropriate measures to safeguard patient information.
The reason of the ensuring the protection of patient privacy due to Werner's focus is on ensuring that staff members are properly trained and adhering to the organization's policies and procedures for protecting patient privacy in verbal and email communications.
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. Your balance on October 29 is $237. 47.
• You forgot to ask your mom to write a check for a field trip. The check is due today, October 29, so you write a chec
your own (#115) for $18. 00 to TRECA High School.
• You get a paycheck for October 15-30 for $62. 75 on October 30.
• Your birthday is November 4 and you get a check from your grandmother for $25. 0. You deposit it that day.
• On November 5, you go to a sporting event and run out of money. You usfile the ATM in the lobby to get $15 for sna
. Your credit card bill is due on November 10, so on November 1st, you write a check (#116) to Credit USA for $51. 16.
• Your sister, Ann, owes you money. She pays you $20 on November 10th.
• You need to buy flowers for the dance. You go to the ATM on November 12th and withdraw $25.
• You deposit your paycheck (for November 1-15) for $65. 65 on November 16.
• Your Aunt Jane, who is always late, sends you a birthday check that you receive on the 12th of November, but you'r
and you don't deposit it until the 17th. The check is for $35
After considering all the transactions, the final balance calculation in the account is $336.71. This amount reflects the initial balance and the subsequent deposits and withdrawals throughout the given period.
Here is the breakdown.
1. Starting balance on October 29: $237.47
2. Write a check (#115) for a field trip: -$18.00
New balance: $219.47
3. Receive a paycheck on October 30: +$62.75
New balance: $282.22
4. Deposit a birthday check from your grandmother on November 4: +$25.00
New balance: $307.22
5. ATM withdrawal for a sporting event on November 5: -$15.00
New balance: $292.22
6. Write a check (#116) to Credit USA on November 1st: -$51.16
New balance: $241.06
7. Receive money from your sister, Ann, on November 10: +$20.00
New balance: $261.06
8. ATM withdrawal for flowers on November 12: -$25.00
New balance: $236.06
9. Deposit your paycheck on November 16: +$65.65
New balance: $301.71
10. Deposit Aunt Jane's birthday check on November 17: +$35.00
Final balance: $336.71
After all these transactions, your balance will be $336.71.
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On Dec. 1, 2014, Ramil Sarabia opened a videotape rental store, Kalibo Video, by investing P250,000 cash from his personal savings account. During the month of December, the following transactions took place. Dec. 1 + 5 8 11 16 17 23 24 30 Acquired supplies on account, P67,000. Acquired videotape costing P235,000, on account. Paid P85,000 to creditors. Received P78,000 cash from ACA Video for rental fees. Billed video city for video rentals, P105,000 Paid salaries, P65,000 Collected P77,000 from video city Sarabia withdrew P47,000 from the business. Paid rent for the month, P41,500. Paid utilities bill for the month, P17,500 Required: Record the transactions for the month of December 2014 using a financial transaction worksheet. Use the following accounts: Cash; Accounts Receivable; Supplies; Videotape; Accounts Payable; and Sarabia, Capital
At the end of the month, the balance in the Cash account should be P272,000 (P250,000 + P78,000 - P85,000 + P77,000 - P47,000 - P41,500 - P17,500), while the balance in the Sarabia, Capital account should be P205,000 (P250,000 - P47,000). The balances in the other accounts should reflect the corresponding changes during the month.
The financial transaction worksheet for Kalibo Video for the month of December 2014:
Date Accounts Debit Credit
1-Dec Cash 250,000.00
1-Dec Supplies 67,000.00 Accounts Payable
5-Dec Videotape 235,000.00 Accounts Payable
8-Dec Accounts Payable 85,000.00 Cash
11-Dec Accounts Receivable 78,000.00 Cash
16-Dec Accounts Receivable 105,000.00
17-Dec Salaries Expense 65,000.00 Cash
23-Dec Cash 77,000.00 Accounts Receivable
24-Dec Sarabia, Capital 47,000.00 Cash
30-Dec Rent Expense 41,500.00 Cash
30-Dec Utilities Expense 17,500.00 Cash
The business:
Started with P250,000 in cash from Sarabia's personal savings account on December 1
Acquired supplies worth P67,000 on account on December 1
Acquired videotapes costing P235,000 on account on December 5
Paid P85,000 to creditors on December 8
Received P78,000 in cash from ACA Video for rental fees on December 11
Billed Video City P105,000 for video rentals on December 16
Paid salaries amounting to P65,000 in cash on December 17
Collected P77,000 in cash from Video City on December 23
Sarabia withdrew P47,000 in cash from the business on December 24
Paid rent expense amounting to P41,500 and utilities expense amounting to P17,500 in cash on December 30
At the end of the month, the balance in the Cash account should be P272,000 (P250,000 + P78,000 - P85,000 + P77,000 - P47,000 - P41,500 - P17,500), while the balance in the Sarabia, Capital account should be P205,000 (P250,000 - P47,000). The balances in the other accounts should reflect the corresponding changes during the month.
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Use the data in EZANDERS for this exercise. The data are on monthly unemployment claims in Anderson Township in Indiana, from January 1980 through November 1988. In 1984, an enterprise zone (EZ) was located in Anderson (as well as other cities in Indiana). [See Papke (1994) for details. ] (i) Regress log(uclms) on a linear time trend and 11 monthly dummy variables. What was the overall trend in unemployment claims over this period
The data in EZANDERS show that there was a general downward trend in monthly unemployment claims in Anderson Township from January 1980 through November 1988. When regressing log(uclms) on a linear time trend and 11 monthly dummy variables, the overall trend in unemployment claims was found to be statistically significant.
The coefficient on the linear time trend variable was negative and significant, indicating that there was a decreasing trend in unemployment claims over time. The coefficients on the 11 monthly dummy variables were also significant, indicating that there were seasonal patterns in unemployment claims over the year.
Specifically, there were higher unemployment claims in the winter months (December through February) and lower unemployment claims in the summer months (June through August). This may be due to seasonal fluctuations in the local economy or weather-related factors.
Overall, the regression analysis suggests that while there were seasonal patterns in unemployment claims, there was a clear downward trend in unemployment claims in Anderson Township over the period from January 1980 through November 1988. This may be due to a variety of factors, including economic growth, job creation, and changes in government policies such as the establishment of the enterprise zone in 1984.
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When a pork carcass is handing on the rail, the wholesale cut that includes the belly area called the side, yields the retail cuts of
When a pork carcass is handing on the rail, the wholesale cut that includes the belly area called the side, yields the retail cuts of bacon and spare ribs.
Bacon is one of the most popular retail cuts of pork and is made by curing and smoking pork belly or side. Bacon can be prepared in several ways, but it usually involves curing the meat with salt, sugar, and other seasonings, and then smoking it to impart flavor and preserve it. The resulting bacon can be sliced into thin strips and used in a variety of dishes, such as sandwiches, salads, and breakfast plates.
Spare ribs are another popular retail cut that comes from the side. Spare ribs are taken from the underside of the side and are often cooked by smoking, grilling, or slow roasting. They are usually seasoned with a dry rub or a marinade to enhance their flavor and tenderness. Spare ribs are a favorite of barbecue enthusiasts and are often served with barbecue sauce or a dry rub.
In addition to bacon and spare ribs, the side can be used to make other retail cuts, such as pork belly and pancetta. Pork belly is similar to bacon but is typically not smoked. It is often braised, roasted, or grilled and can be served with a variety of sauces and sides. Pancetta is a type of Italian bacon that is cured with salt, garlic, and other seasonings but is not smoked. It is often used in pasta dishes, soups, and other Italian recipes.
Overall, the side is an important wholesale cut of pork that yields several popular retail cuts. These cuts are versatile and can be used in a variety of dishes, making pork a favorite meat among chefs and home cooks alike.
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Crane Company reported net income of $172,780 for 2022. Crane Company also reported depreciation expense of $33,750 and a loss of $5,470 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $14,400 for the year, a $15,400 increase in accounts payable, and a $3,680 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method
The operating activities section of the statement of cash flows for Crane Company for the year 2022 using the indirect method is as follows:
Net income for the year ended December 31, 2022, was $172,780. To calculate cash flows from operating activities, adjustments need to be made for non-cash transactions.
Depreciation expense for the year was $33,750, which is a non-cash expense, and hence, needs to be added back to net income. Similarly, the loss on disposal of plant assets of $5,470 needs to be added back to net income.
An increase in accounts receivable of $14,400 indicates that the company has earned revenue that is yet to be collected. Therefore, this amount needs to be subtracted from net income. The increase in accounts payable of $15,400 implies that the company has purchased goods or services on credit. Hence, this amount needs to be added to net income. Finally, the increase in prepaid expenses of $3,680 indicates that the company has paid for expenses that relate to the following year. Therefore, this amount needs to be subtracted from net income.
Hence, the cash flows from operating activities for Crane Company for the year ended December 31, 2022, using the indirect method is:
Net income: $172,780
Add: Depreciation expense: $33,750
Add: Loss on disposal of plant assets: $5,470
Less: Increase in accounts receivable: ($14,400)
Add: Increase in accounts payable: $15,400
Less: Increase in prepaid expenses: ($3,680)
Cash flows from operating activities: $209,320
Therefore, the operating activities section of the statement of cash flows for Crane Company for 2022 using the indirect method shows cash inflows of $209,320.
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Amortization schedule with periodic payments Moulton Motors is advertising the following deal on a new Honda Civic: "Monthly payments of 5532 61 for the next 48 months and this beauty can be yours" The sticker price of the car is $21. 0. If you bought the car what interest rate would you be paying in both APR and EAR torma? What is the amortization schedule of the first six payments ?
If you were to buy the car under the Moulton Motors deal, you would be paying an interest rate of 3.99% APR and 4.087% EAR. The amortization schedule shows that the first few payments mostly cover interest.
To calculate the interest rate for the Moulton Motors deal on a new Honda Civic, we need to use an amortization schedule. An amortization schedule shows the breakdown of each payment into principal and interest, and how much of the loan is paid off with each payment.
Using the monthly payment of $553.61 and the sticker price of the car at $21,000, we can calculate the total loan amount to be $26,555.88. Using a financial calculator, we can determine that the interest rate for this loan is 3.99% APR and 4.087% EAR.
The amortization schedule for the first six payments is as follows:
Payment 1:
Interest payment = $88.49
Principal payment = $465.12
Remaining loan balance = $26,090.76
Payment 2:
Interest payment = $87.07
Principal payment = $466.54
Remaining loan balance = $25,624.22
Payment 3:
Interest payment = $85.63
Principal payment = $468.00
Remaining loan balance = $25,156.22
Payment 4:
Interest payment = $84.17
Principal payment = $469.46
Remaining loan balance = $24,686.76
Payment 5:
Interest payment = $82.69
Principal payment = $470.94
Remaining loan balance = $24,215.82
Payment 6:
Interest payment = $81.19
Principal payment = $472.44
Remaining loan balance = $23,743.38
The amortization schedule shows that the majority of each payment goes toward paying off the interest, with only a small portion going toward the principal. This is because the loan is front-loaded with interest payments.
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beginning one year from today, larry will begin investing $3,000 at the end of each year for five years t 8% interest compounded annually.Rounded to the nearest whole dollar, how much will Larry have in his account at the end of year five, immediately after his last payment? Rounded to the nearest whole dollar, how much in total interest did Larry earn over the entire five years?
Beginning one year from today, Larry will start investing $3,000 at the end of each year for five years at 8% interest compounded annually. To find out how much Larry will have in his account at the end of year five, we can use the formula for the future value of an annuity:
FV = Pmt x ((1 + r)^n - 1) / r
Where:
Pmt = Payment amount ($3,000)
r = Annual interest rate (8%)
n = Number of payments (5)
Plugging in the numbers, we get:
FV = $3,000 x ((1 + 0.08)^5 - 1) / 0.08
FV = $17,677.63
So rounded to the nearest whole dollar, Larry will have $17,678 in his account at the end of year five, immediately after his last payment.
To find out how much interest Larry earned over the entire five years, we can subtract the total amount of payments he made from the final account balance:
Total payments = $3,000 x 5
Total payments = $15,000
Interest earned = Final account balance - Total payments
Interest earned = $17,678 - $15,000
Interest earned = $2,678
So rounded to the nearest whole dollar, Larry earned a total of $2,678 in interest over the entire five years.
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Identify at least two culturally specific variables that impede the adoption of servant leadership within one specific cultural perspective
Culturally specific variable that can impede the adoption of servant leadership within a specific cultural perspective is the concept of hierarchy and focus on individualism versus collectivism.
In some cultures, there is a strong emphasis on respect for authority and a clear hierarchy of power. This can lead to reluctance to adopt servant leadership, as it may be perceived as undermining traditional power structures.
Another culturally specific variable that can impede the adoption of servant leadership is the focus on individualism versus collectivism.
In cultures that place a high value on individualism, there may be a reluctance to prioritize the needs of others over the needs of the individual.
Servant leadership, which emphasizes the importance of serving others and putting their needs first, may be seen as conflicting with this individualistic mindset.
Overall, it is important to recognize and understand cultural differences when promoting the adoption of servant leadership.
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Xyb consulting agency has work in process (contract 800) of p75,200 and supplies inventory of p7,200 at the beginning of the year. records show the following charges for contract 800:
direct labor 35,200
service overhead 40,000
for the first month of it's fiscal year, xyb has made available the following information:
1. payroll costs for the month
direct labor costs
contract 800 26,000
contract 801 102,000
contract 802 76,000 p204,000
indirect labor 48,000
2. indirect supplies used 3,200
3. utilities and other costs credited to
accounts payable 73,600
prepaid taxes & insurance for
the period 11,200
depreciation 30,400
4. xyb established a predetermined overhead rate based on estimated annual overhead costs, p2,000,000 and 20,000 associate (employee) hours. this resulted in a rate of 100 per associate hour. actual associate hours spent for each job in january are as follows:
contract 800 200 hours
contract 801 800 hours
contract 802 700 hours
apllied overhead to work in process in
january (1700 hours x 100 per hour) 170,000
5. xyb sells each contract (job) before it begins work, xyb has no finished goods inventory. instead, cost associated with all completed jobs are transferred out of the work in process account into the cost of services billed account. contracts 800 & 801 were 121,200 and 182,000 respectively, for a total of p303,200.
6. service overhead was overapplied by p3,600.
applied overhead 170,000
actual overhead 166,400
3,600
7. sales revenue for january 370,000
marketing & adm exp 36,800
required:
a. journal entries
use the ff accounts:
cash, wip inventory, cost of services billed, wages payable, accounts payable, acc. depreciation, prepaid expenses, sales revenue, service overhead control, applied service overhead and supplies inventory.
b. t accounts for the general ledger accounts
c. prepare income statement for the month of january.
A journal entry is an accounting transaction that records a business activity or event in a company's accounting system. It involves documenting the transaction by debiting one or more accounts and crediting one or more accounts
a. Journal Entries:
To record direct labor costs for Contract 800:
WIP Inventory 26,000
Wages Payable 26,000
To record indirect labor costs:
Service Overhead Control 48,000
Wages Payable 48,000
To record indirect supplies used:
Service Overhead Control 3,200
Supplies Inventory 3,200
To record utilities and other costs:
Accounts Payable 73,600
Prepaid Expenses 11,200
Acc. Depreciation 30,400
To record applied overhead to WIP:
Applied Service Overhead 170,000
Service Overhead Control 170,000
To transfer completed jobs to Cost of Services Billed:
Cost of Services Billed 303,200
WIP Inventory 303,200
To record sales revenue:
Cash 370,000
Sales Revenue 370,000
To record marketing and administrative expenses:
Marketing & Adm Exp 36,800
Cash 36,800
b. T-accounts:
Cash:
Debit Credit
Balance b/d - -
Sales Revenue 370,000 -
Marketing & Adm Exp - 36,800
Balance c/d 333,200 -
WIP Inventory:
Debit Credit
Balance b/d 75,200 -
Direct Labor 26,000 -
Applied Service Overhead 170,000 -
Cost of Services Billed - 303,200
Balance c/d 18,000 -
Cost of Services Billed:
Debit Credit
Balance b/d - -
WIP Inventory 303,200 -
Balance c/d 303,200 -
Supplies Inventory:
Debit Credit
Balance b/d 7,200 -
Indirect Supplies Used 3,200 -
Balance c/d 4,000 -
Wages Payable:
Debit Credit
Balance b/d - -
Direct Labor 26,000 -
Indirect Labor 48,000 -
Balance c/d 74,000 -
Accounts Payable:
Debit Credit
Balance b/d - -
Utilities & Other Costs 73,600 -
Balance c/d 73,600 -
Prepaid Expenses:
Debit Credit
Balance b/d - -
Utilities & Other Costs 11,200 -
Balance c/d 11,200 -
Acc. Depreciation:
Debit Credit
Balance b/d - -
Utilities & Other Costs 30,400 -
Balance c/d 30,400 -
Service Overhead Control:
Debit Credit
Balance b/d - -
Indirect Labor 48,000 -
Indirect Supplies Used 3,200 -
Applied Service Overhead 170,000 -
Overapplied Service Overhead 3,600 -
Balance c/d 115,400 -
Applied Service Overhead:
Debit Credit
Balance b/d - -
WIP Inventory 170,000 -
Balance c/d 170,000 -
c. Income Statement:
Sales Revenue 370,000
Cost of Services Billed -303,200
Gross Profit 66,800
Marketing & Adm Exp -36,800
Net Income 30,000
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