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The following were selected from among the transactions completed by Babcock Company during November of the current year:
Nov. 3 Purchased merchandise on account from Moonlight Co., list price $85,000, trade discount 25%, terms FOB destination, 2/10, n/30.
4 Sold merchandise for cash, $37,680. The cost of the merchandise sold was $22,600.
5 Purchased merchandise on account from Papoose Creek Co., $47,500, terms FOB shipping point, 2/10, n/30, with prepaid freight of $810 added to the invoice.
6 Returned $13,500 ($18,000 list price less trade discount of 25%) of merchandise purchased on November 3 from Moonlight Co.
8 Sold merchandise on account to Quinn Co., $15,600 with terms n/15. The cost of the merchandise sold was $9,400.
13 Paid Moonlight Co. on account for purchase of November 3, less return of November 6.
14 Sold merchandise on VISA, $236,000. The cost of the merchandise sold was $140,000.
15 Paid Papoose Creek Co. on account for purchase of November 5.
23 Received cash on account from sale of November 8 to Quinn Co..
24 Sold merchandise on account to Rabel Co. 6,900, terms 1/10, n/30. The cost of the merchandise sold was $34,000.
28 Paid VISA service fee of $3,540.
30 Paid Quinn Co. a cash refund of $6,000 for returned merchandise from sale of November 8. The cost of the returned merchandise was $3,300.
Journalize the entries to record the transactions of Babcock Company for November using the periodic inventory system.
Answer:
Nov 3
Merchandise $21,250 (debit)
Trade Payable : Moonlight Co. $21,250 (credit)
Nov 4
Cash $37,680 (debit)
Cost of Goods Sold $22,600 (debit)
Sales Revenue $37,680 (credit)
Merchandise $22,600 (credit)
Nov 5
Merchandise $47,500 (debit)
Trade Payable : Papoose Creek Co $47,500 (credit)
Nov 6
Trade Payable : Moonlight Co. $13,500 (debit)
Merchandise $13,500 (credit)
Nov 8
Accounts Receivable : Quinn Co. $15,600 (debit)
Cost of Goods Sold $9,400 (debit)
Sales Revenue $15,600 (credit)
Merchandise $9,400 (credit)
Nov 13
Trade Payable : Moonlight Co. $7,750 (debit)
Discount allowed $155 (credit)
Cash $7,620 (credit)
Nov 14
Cash $236,000 (debit)
Cost of Goods Sold $140,000 (debit)
Sales Revenue $236,000 (credit)
Merchandise $140,000 (credit)
Nov 15
Trade Payable : Papoose Creek Co $47,500 (debit
Discount Allowed $950 (credit)
Cash $46,550 (credit)
Nov 23
Cash $15,600 (debit)
Accounts Receivable : Quinn Co. $15,600 (credit)
Nov 24
Accounts Receivable : Rabel Co.. $56,900 (debit)
Cost of Goods Sold $34,000 (debit)
Sales Revenue $56,900 (credit)
Merchandise $34,000 (credit)
Nov 28
Visa Service Fee $3,540 (debit)
Cash $3,540 (credit)
Nov 3
Sales Revenue $6,000 (debit)
Merchandise $3,300 (debit)
Accounts Receivable : Quinn Co. $3,300 (credit)
Cost of Goods Sold $9,400 (credit)
Explanation:
Please Be very careful :
-to exclude trade discount
-to to use perpetual inventory method
- to check if payment falls within the cash discount period
- include freight charges in invoice amount for FOB purchases
See the journal prepared above.
Lillian has a master's degree in logistical engineering. She has worked with large
manufacturing warehouses in the past. What company in the Manufacturing career
cluster might consider hiring Lillian?
a. a quick cement packaging company in need of a lab tech
b. an appliance manufacturer who creates several different items
c. a furniture upholstery firm looking for help with purchasing
d. a government agency in need of a safety inspector
What does it mean to consider logic when prioritizing tasks?
Explanation:
To consider logic when prioritizing task means: You should order them by how long they take to achieve.
Answer:
Considering logic requires understanding which tasks need to be completed first in order to allow other tasks to become possible to complete. Setting priorities using logic assumes that it will just make sense for some tasks to be completed earlier.
Explanation:
23
Page:
Find the s.p of a shirt whose MP is Rs
2700 when 13% VAT is levied ?
.
Answer:
RS3051
Explanation:
the tax is going to be 113% since u add 100% because the s.p is going to rise
2700×113/100=3051
Henry has been newly appointed as the head of the HR team at AAS Technologies. In an attempt to establish a more efficient and reliable workflow, Henry has taken up the responsibility of creating job descriptions and job specifications for the newly hired and current engineers within the organization. While doing so, Henry gathers information about the knowledge, skills, abilities, and other characteristics (KSAOs) required for an engineer to successfully perform the job. How will determining the KSAOs most benefit the organization?
Answer:
Explained below
Explanation:
KSAOs or knowledge, skills, abilities, and other characteristics, are the unique set of criteria required by a hiring agency or company for a particular job.
Henry, being the HR head at AAS Technologies looks for these features in a desirable candidates to find common sync between the job requirements and the capabilities of the candidate. It proves to be an effective method to filter out less desirable job seekers.
I want to buy a car in one year by saving at least $500 a month from my paycheck for the next year. This is a
goal.
Obroad
SMART
O neither
Next
Submit
Mark this and return
Help
Answer:
SMART goal
Explanation:
The term SMART as used in an objective setting is an abbreviation for Specific, Measurable, Achievable, Realistic, and Timely. It describes a goal that has all the components of the abbreviations. The goal has to have
Specific: Well defined, clear, and unambiguousMeasurable: With particular criteria that evaluate progress made in achieving the goalAchievable: Attainable and not impossible to accomplishRealistic: Within reach and relevant to lifeTimely: Has a clearly defined timeline, including a starting date and a target date.The goal, as stated in the sentence, meets the above criteria. The objective is clear; progress can be determined; it is achievable and realistic. The timelines are well defined.
the greater the dash the easier the object will move
Answer:
correct. its true and I absolutely agree with you. good job
Explanation:
Bc y=2x-1^3 is the equation
HELP!!!!!!Match the job role with the job title.
Evaluate student
applications for
financial aid.
Review financial records
of large businesses
and corporations.
Gather evidence and
prepare for court.
Review policies and grant
funds to students in need.
Conduct research
that is pertinent
to a criminal case.
Review tax documents
and returns for errors
and inaccuracies.
Internal Revenue Investigator
Federal Aid Coordinator
Paralegal
Answer:
Internal revenue investigator: Review Tax Documents, Review financial records.
Federal Aid Coordinator: Evaluate Student Applications, Review policies and grant funds.
Paralegal: Conduct research that is pertinant to a criminal case, gather evidence and prepare for court
Explanation:
Answer:
answer down below
Explanation:
This graph compares the cost of an education at different institutions in Texas.
A graph titled The Cost of Tuition in Texas from 2012 to 2013 has type of school on the x-axis, and yearly cost in thousands of dollars on the y-axis. Public 4-year university is about 7,000, and private 4-year is 23,000. Public community college is 2,000, and private community college is 9,000. Technical school is 4,000.
This graph demonstrates that
private universities can cost three times as much to attend as public universities.
public universities can cost three times as much to attend as private universities.
community colleges can cost five times as much to attend as technical schools.
technical schools can cost five times as much to attend as community colleges.
Answer:
private universities can cost three times as much to attend as public universities.
Explanation:
Private universities are more expensive to attend compared to public universities. As per the graph, the public university is cost 7,000 while private university costs 23,000 to attend. It is then correct to say that private universities cost more than three times as public universities ( 23,000/7,000= 3.29).
Community college costs 9000, while technical schools cost 4000; the cost is not five times more.
Technical schools 4,000 and community colleges are 9000; the costs are only two and a half more.
The graph is a pictorial representation of the data given.
The graph shows the relationship between two quantities whether it is linear or inversely proportional etc.
The given graph depicts that:
Private universities can cost three times as much to attend as public universities.
The given data tells that
Costsa)Public b) Private
University 7000 23000
College 2000 9000
Dividing b by a gives
23000/7000=3.286
9000/200= 4.5
Choice b public universities can cost three times as much to attend as private universities is incorrect.
Choice c community colleges can cost five times as much to attend as technical schools is also incorrect.
Choice d technical schools can cost five times as much to attend as community colleges is incorrect as well.
The best answer from the given choices is option a: private universities can cost three times as much to attend as public universities.
Reading graph can be understood from the following links.
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Which results are more likely for someone without personal finance skills? Select three options.
larger long-term credit or loan costs
less preparation for emergencies
fewer utility expenses
simple long-term investment strategies
increased long-term challenges
Answer:
1,2 & 5
Explanation:
Answer:
1, 2, 5
Explanation:
edge 2021
The Werner Corporation uses the weighted-average method in its process costing system. The company recorded 24,400 equivalent units for conversion costs for November in a particular department. There were 4,000 units in the ending work in process inventory on November 30 which were 60% complete with respect to conversion costs. The November 1 work in process inventory consisted of 5,000 units which were 40% complete with respect to conversion costs. A total of 22,000 units were completed and transferred out of the department during the month. The number of units started during November in the department was:
Answer:
21,000 units
Explanation:
Prepare a reconciliation of physical units
Inputs :
Beginning Work In Process Units 5,000
Units Started during the period (Balancing figure) 21,000
Total 26,000
Outputs :
Completed and transferred out units 22,000
Ending Work In Process Units 4,000
Total 26,000
Conclusion :
Thus, number units started during November in the department was: 21,000 units
how can you save money by living at home while enrolled in post secondary school or training .
Answer:training can save money on. answer choices. books but it raises costs for tuition
Explanation:
The value of Terrah's personal residence has declined significantly because of a recent forest fire in the area where she lives. The fire was a Federally declared disaster. Terrah's house suffered no actual damage during the fire, but because much of the surrounding area was destroyed, the value of all of the homes in the area declined substantially.Can Terrah take a casualty loss for the decline in value of her residence caused by the fire?__ because the decline in value of her residence ___ meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss
Answer:
No because the decline in value of her residence does not meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.
Explanation:
Terrah's house suffered no actual damage because of a recent forest fire in the area where she lives. Terrah cannot take a casualty loss for the decline in value of her residence caused by the fire as the decline in value of her residence dose not meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.
Final answer:
No because the decline in value of her residence does not meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.
Ashleigh hires a group of security staff. Each worker works an average of 80 hours per month at $14/hour. If her monthly labor cost for security workers is $23,520, how many security workers did Ashleigh hire? a) 15 b) 21 c) 36 d) 47
Answer:
b) 21
Explanation:
Each worker works an average of 80 hours per month and earns $14 per hour.
Each employee will earn 80 hours multiplied by $14
=80 x $14
=$1,120
If the monthly labor cost for security worked is $23,520, she has hired
=$23,520/$1,120
=21 security workers
Answer: 21 workers
Explanation:
Imagine that Art’s Flower Shop has blossomed into a large, sophisticated corporation, that advertises in the yellow pages and also spends thousands each year in its online advertising. Imagine also that the local government has required advertising services to buy a license, to raise money for the city.
Answer:
1)B. that the printer's conduct was gross negligence
2)D. No, because Art's is the party trying to enforce the contract
Explanation:
Imagine that Art’s Flower Shop has blossomed into a large, sophisticated corporation, that advertises in the yellow pages and also spends thousands each year in its online advertising. Imagine also that the local government has required advertising services to buy a license, to raise money for the city.
1)In order to win its case, Art's will have to prove __________
A. that its business suffered hugely when the yellow pages ad was omitted
B. that the printer's conduct was gross negligence
C. that flowers are important to the public welfare
2)If the yellow page printer does not have an advertising license, can it argue that it is not liable because it had no contract at all with Art's? ______________.
A. Yes, because it had no license
B. No, because the license is merely to raise money for the city
C. Yes, unless it had submitted an application for license and the application was pending
D. No, because Art's is the party trying to enforce the contract
D. No, because Art's is the party trying to enforce the contract
We are informed about an Art’s Flower Shop that has blossomed into a large, sophisticated corporation, that advertises in the yellow pages and also spends thousands each year in its online advertising. Imagine also that the local government has required advertising services to buy a license, to raise money for the city.
1) In order to win its case, Art's will have to prove that the printer's conduct was gross negligence.
gross negligence is when something, legal obligation, someone, lack maintainance, care. Or there is voluntary disregard. Therefore, if he want to win the case he has to prove that the printer's conduct was gross negligence.
2)If the yellow page printer does not have an advertising license, can it argue that it is not liable because it had no contract at all with Art's?
There is no argument that can be won here because, the enforcement of the contract is from the Art itself.
If average household income increases by 20%, from $50,000 to $60,000 per year, the quantity of rooms demanded at the Triple Sevens Rises from 300 rooms per night to 350 rooms per night. Therefore, the income elasticity of demand is positive , meaning that hotel rooms at the Triple Sevens area normal good .
Answer:
True
Explanation:
income elasticity of demand = % change in quantity demanded / % change in income
income elasticity of demand = 16.7% / 20% = 0.83, since it is positive, then they are normal goods but not luxury goods since the income elasticity of demand is ≤ 1.
If IED is negative, that means that a good is an inferior good, since the more you earn, the less you consume.
according to the video what are some quality's petroleum engineers need? check all that apply.
Hello! Your answer is shown below,
Petroleum engineers should have natural abilities to make them successful. Personal attributes include strong mathematics and analytical skills to design equipment and solve problems in drilling.
Hope this helps!
Answer:
The answer is
A) willingness to travel
E) problem-solving skills
F) patience
Explanation:
Which of the following is the best description of
greenwashing?
O A. Committing to using only sustainable sources for
raw materials used in production
O B. Trying to eliminate as much pollution as possible by
relying on solar energy or other cleaner form of fuel
O C. Changing from traditional printing media to
environmentally friendly printing media
D. Changing practices superficially to appear more
environmentally friendly to consumers than they
truly are
Answer:
D. Changing practices superficially to appear more environmentally friendly to consumers than they truly are.
Explanation:
Greenwashing is the act of corporate companies in their attempts to convey a false impression to their customers that their products are environmentally friendly. Through this process, they provide misleading information.
Companies provide misleading information to their customers, in making the impression that their products are more environmentally friendly than other products. Thus, greenwashing can be described as changing the practices of the company/ brand superficially so that they appear more environmentally friendly than they really are to customers.
Answer:
D. baud
Explanation:
____________________ was a major reason why the United States changed more towards a mixed market economy.
Question 8 options:
The Great Depression
The Civil War
The American Revolution
The 9/11 Attacks
Answer: The Great Depression
Explanation:
The Great Depression occured due to the fact that there was a crash of the stock market and this affected the economy of the world. The United States and European countries were majorly hit hard as there was drastic reduction in the demand of goods and services.
The Great Depression led to the government looking for new ways to tackle the challenges and one of those policies was moving towards a mixed economy which is an economy whereby the Individuals and governments are all involved in goods and services production and distribution.
When you seek to define an issue, you should try to frame it in positive terms. T or F
Answer:
True
Explanation:
When you seek to define an issue, you should try to frame it in positive terms. The given statement is True.
What is the framing message?Without changing the justifications or characteristics of the highlighted goods, message framing involves organizing and structuring a message. Although though both framing techniques use the same objective information, Rucker and his coauthors discovered that if the same message is framed in two distinct ways, its persuasiveness might change.
A problem or issue can be presented or structured by using a framing technique. In order to elicit the most support from your audience, framing entails identifying and clarifying the background of the issue. Framing depends on your audience. Always consider your assumptions before making a decision. Try to frame an issue in a favorable light when attempting to define it.
Thus, the mentioned above-given statement is True.
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Protecting intellectual property rights is important to a free enterprise system because:
A. it gives the government the ability to regulate businesses.
B. it allows entrepreneurs to profit from their ideas.
C. it ensures that businesses sell products at fair prices.
D. it makes more money available for starting new companies
Answer:
B. it allows entrepreneurs to profit from their ideas.
Explanation:
Intellectual properties are valuable ideas, innovations, and creations to a business. They are intangible assets that give a business its competitive advantage. Protecting intellectual properties ensure an individual or entity reaps the full benefits of the inventions and creations.
Protecting intellectual properties safeguards a company's ideas from being exploited by its competitors for commercial gains. It gives a business the right to exclusively profits from its innovations. Protecting intellectual properties encourages research and development as entrepreneurs are guaranteed to benefit from their creations.
You are in the process of purchasing a new automobile that will cost you $27,500. The dealership is offering you either a $2500 rebate (applied toward the purchase price) or 1.9% financing for 48 months (with payments made at the end of the month). You have been preminus approved for an auto loan through your local credit union at an interest rate of 6.5% for 48 months. If you forgo the $2500 rebate and finance your new car through the dealership your monthly payments (with payments made at the end of the month) will be closest to: A. $573 B. $520 C. $595 D. $799
Answer:
C. $595
Explanation:
The computation of the monthly payment at the end of the month would be computed by using the spreadsheet.
In this two attachment is attached one contains the final values and the other ones contains the formula so that it would create a better understanding
Hence, the monthly payment is $595 and the same is to be considered
The use of alcohol and other drugs cause you to lose your?
Answer:
liver cells
Explanation:
it eats at your inner parts of the body in prolonged use
Tony works for an organization that raises awareness about environmental
concerns in the community. He wants to make sure his local congressperson
votes for a new law that would make penalties for polluters more severe. He
knows his congressperson really likes a certain restaurant in town, so he's
thinking about getting him a gift certificate for that restaurant. What ethical
dilemma is Tony facing?
O A. Whether to award honoraria to a business leader for reduced
pollution
B. Whether to give a gift to a business leader for reduced pollution
C. Whether to give a gift to a politician while lobbying
O D. Whether to award honoraria to a politician while lobbying
Answer:
C. Whether to give a gift to a politician while lobbying
ints) During 2018, Falwell Inc. had 500,000 shares of common stock and 50,000 shares of 6% cumulative preferred stock outstanding. The preferred stock has a par value of $100 per share. Falwell did not declare or pay any dividends during 2018.Falwell's net income for the year ended December 31, 2018, was $2.5 million. The income tax rate is 40%. Falwell granted 10,000 stock options to its executives on January 1 of this year. Each option gives its holder the right to buy 20 shares of common stock at an exercise price of $29 per share. The options vest after one year. The market price of the common stock averaged $30 per share during 2018.What is Falwell's basic earnings per share for 2018, rounded to the nearest c
Answer: $4.34
Explanation:
The net income for diluted earnings per share will be calculated as:
Net income: $2,500,000
Less: preferred dividend: $300,000
= $2,200,000
To calculate the number of shares goes thus:
Total shares of stock options = 10,000 × 20 = 200,000 shares
Proceeds = 200,000 × $29
= $580,000
Shares of treasury stock will be:
= $580,000/$30
= 193,333 shares
Net shares added will be:
= 200000 - 193333
= 6667
Tge total shares for the diluted earnings per share will now be:
= 500,000 + 6667
= 506,667
The diluted earnings per share:
= $2,200,000/506667
= $4.34
CollegePak Company produced and sold 86,000 backpacks during the year just ended at an average price of $46 per unit. Variable manufacturing costs were $20.00 per unit, and variable marketing costs were $6.68 per unit sold. Fixed costs amounted to $556,000 for manufacturing and $228,800 for marketing. There was no year-end work-in-process inventory. (Ignore income taxes.) Required:Compute CollegePak’s break-even point in sales dollars for the year. (Do not round intermediate calculations. Round your final answer up to the nearest whole dollar.)Compute the number of sales units required to earn a net income of $620,000 during the year. (Do not round intermediate calculations. Round your final answer up to nearest whole number.)CollegePak's variable manufacturing costs are expected to increase by 10 percent in the coming year. Compute the firm’s break-even point in sales dollars for the coming year. (Do not round intermediate calculations. Round your final answer up to the nearest wh
Answer:
Part 1
$1,868,571
Part 2
72,713 units
Part 3
$ 2,065,263
Explanation:
Break even point is the point where a firm makes neither a profit nor a loss.
Break even point (sales dollars) = Fixed Costs ÷ Contribution Margin Ratio
Where,
Contribution Margin Ratio = Contribution ÷ Sales
= (Sales - Variable Costs) ÷ Sales
= ($46.00 - $20.00 - $6.68) ÷ $46.00
= 0.42
Therefore,
Break even point (sales dollars) = ($556,000 + $228,800) ÷ 0.42
= $ 1,868,571.429
= $1,868,571
Units to achieve a target profit = Fixed Costs + Target Profit ÷ Contribution per unit
Where,
Contribution per unit = Sales per unit - Variable Costs per unit
= $46.00 - $20.00 - $6.68
= $19.32
Therefore,
Units to achieve a target profit = ($556,000 + $228,800 + $620,000) ÷ $19.32
= 72,712.21532
= 72,713
After 10% increase in variable manufacturing costs.
Variable manufacturing costs = ($20.00 × 1,10)
= $22
Contribution Margin Ratio will be = (Sales - Variable Costs) ÷ Sales
= ($46.00 - $22 - $6.68) ÷ $46.00
= 0.37652
= 0.38
Break even point (sales dollars) = ($556,000 + $228,800) ÷ 0.38
= $ 2,065,263.15
= $ 2,065,263
What is the worst result of a team leader failing to delegate responsibility or
tasks?
A. The leader will end up working many hours of overtime.
B. The team will learn a lot by watching to see how the tasks should
be completed.
C. Some team members find reasons to start fighting with other
members.
D. The team might feel that the leader does not trust their abilities.
(Apex)
Answer:
the team might feel that the leader does not trust their abilities
Explanation:
The team might feel that the team leader does not trust their abilities is the worst result of a team leader failing to delegate responsibility or tasks. Option D is correct.
What is the team leader?A team leader is someone who gives advice, teaching, direction, and leadership to a group of people in order to achieve a key outcome or set of aligned results.
Team leaders serve as the gear stick for a group of people who work towards the same objective for the company. A team leader directs and instructs a working group on a project or portfolio of tasks.
They are responsible for distributing tasks, monitoring progress toward goals, and guiding team members as needed. Even though they don't have a manager title, team leaders frequently function as defect mentors for the team.
Therefore, option D is correct, that The team may believe that the team leader does not believe in their talents as a consequence of the team leader's failure to delegate responsibilities or tasks.
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Advise the team leader on the activities that should take place during the performing stage
The correct answer to this open question is the following.
Although there is no more context or reference, we can say the following.
The activities that should take place during the performing stage would be the following.
During the performance stage, the leader and the members of its team are ready to start taking action. After passing the previous stages of the forming stage, the storming stage, the norming stage, it is time, the leader knows that it is the moment to do what was planned. So this performing stage determinant because actions are going to be evaluated to know the effectiveness of the leader. So the leader knows that he/she has to be congruent with what it says and what it does, and deliver the proper results for the benefit of the team.
The primary purpose of TV, magazines, movies is to entertain.
True
False
Answer:
True, but to inform as well
Explanation:
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Suppose you invest $12,000 in equipment to manufacture a new board game. Each game costs $5 in materials to manufacture and you plan to sell them for $20. How many games must you make to break even? (assume that you sell all you make)
Answer:
he is correct. "Each game costs $5 to make and earns you $20, so you profit $15 from each game. Therefore you would have to make 12000/15 = 800 games to break even."
Explanation:
Supply-side policies have proven that smaller government makes the economy more efficient. Select one: True False
Answer:
The given statement is "False".
Explanation:
Supply-side policies include those strategies that increase the economic ability of an enterprise as well as the ability to manufacture. To increase supply-side efficiency, there are also many specific steps that somehow an authority may undertake. Any strategy that increases the economic capacity of a nation's infrastructure and therefore its ability to transfer should be under the supply-side legal framework.