Answer:
1. Total revenue recognized in 2019 is $428,000.
2. Earnings before tax in 2019 is $118,000.
Explanation:
The missing question are as follows
"Quenneville sells the 5-year maintenance and repair services contracts separately for $90,000. Quenneville uses the residual approach to allocate the $500,000 transaction price between the two performance obligations: delivery of the equipment and the maintenance and repair services.
1. What amount of revenue does Quenneville report in 2019
2. What amount of earning before tax does Quenneville report in 2019"
Solution
1. Calculation of the total revenue recognized in 2019
Particulars Amount
Standalone selling price for equipment $410,000
($500,000 - $90,000)
Add: Standalone selling price of 5 years $18,000
maintenance and repair contract
($90,000 / 5 years)
Total revenue recognized in 2019 $428,000
2. Calculation of earnings before tax in 2019
Particular Amount
Total revenue recognized in 2019 $428,000
Less: Total expenses $310,000
($300,000 + $10,000)
Earning before tax in 2019 $118,000
For a loss contingency to be accrued,
a. it is not necessary that the lawsuit was filed before the end of the accounting period.
b. the lawsuit must have been filed before the end of the accounting period.
c. the cause of the lawsuit must have occurred before the end of the accounting period.
d. the cause of the lawsuit could have occurred before or after the end of the accounting period.
Answer: the cause of the lawsuit must have occurred before the end of the accounting period
Explanation:
A loss contingency is simply an expense charge for what is a future event that may occur like a lawsuit adverse outcome.
For a loss contingency to be accrued, the cause of the lawsuit must have occurred before the end of the accounting period. It should be noted that it's not important for the lawsuit to be filed in that particular reporting period.
Assume that instead of the military-equipment issue, Thomas's religion required that he take a break at noon every day to take illegal drugs. The drugs are considered "Schedule 1" drugs, meaning the government has evaluated them and determined that the drugs have no medicinal value but have a high risk of addiction or serve as "gateway" drugs, leading users to even more serious drugs. The state relies on studies linking drug use to criminal activity and violence.
Answer:
CompellingValidExplanation:
A compelling interest refers to a choice that is not made out of choice but out of necessity. In Thomas's case, as the drug is considered a gateway drug that might get him addicted to others that might then lead him to a life of crime, it is necessary that his actions are nipped in the bud and that would work by violating Thomas's religious freedom and justifiably so.
If the court considers the state's reasons sufficient, then the regulation that violated Thomas's religious freedom is valid and should not be struck down because it is the only way that the Governmental objective of lower crime can be achieved in this instance.
Tim's $2,500 boat trailer was stolen from his driveway. Ignoring any deductibles, how much can Tim receive for his stolen trailer when he files a claim against his homeowners policy?
Answer:
generally $1,000, but some policies can cover up to $1,250
Explanation:
Home insurance provides only very limited protection to boats or other watercraft that you might own. They are also very specific circumstances under which they will be covered and as long as it happens within your residence. In this case, since the boat trailer was stolen from your driveway you insurance policy will probably cover it, but the amount is relatively small. Most policies will cover only $1,000 and some might even cover up to $1,250, but generally the lesser amount is covered. If you own a boat it is usually recommended to get a boat insurance policy.
Andre enjoys playing video games, but there is not a video game about his favorite hobby: collecting stamps. Andre decides to make a video game, not his for his enjoyment but to sell to other stamp collectors.
Answer:
B) entrepreneur
Explanation:
Since in the question it is mentioned that Andre enjoys while playing video games but at that time his favorite video game is not available i.e. collecting stamps. Now he decides to prepare a video game not for his enjoyment but for selling to the stamp collectors
So here the productive resources are entrepreneurs as it deals with the resources that are needed while producing the goods and services
hence, the correct option is B.
Outsourcing suppliers can often provide economies of scale, especially for hardware and software, that may not be available to the client alone. Which benefit does this offer an organization?
Answer:
a reduction in fixed and recurrent costs
Explanation:
The biggest benefit that this offers an organization would be a reduction in fixed and recurrent costs. This is because by outsourcing the organization does not need to purchase all of the machinery and software necessary to successfully and efficiently complete the processes needed. The organization also does not have to pay for variable costs such as unexpected fixes with the needed hardware.
__________ is a growing tool for managers to enhance communication and collaboration in support of empowered or bossless work environments.
Answer:
The correct approach will be "Social media ".
Explanation:
Social media become web-based communication platforms that always allow the individual to communicate with one another through intelligence sharing as well as consumption. It is an internet-connected communication method whereby the participants build virtual forums to exchange knowledge, ideas, private correspondence, and certain other functionality.Consider the following partially completed income statements for merchandising companies and compute the missing amounts under the Flynt Corp. table below the following Data Table:view the Income Statements:Data Table :Rustic Gear Flynt Corp. Sales$ 98,000 $(d)Cost of Goods Sold:Beginning Merchandise Inventory(a)31,000Purchases and Freight In50,000(e)Cost of Goods Available for Sale(b)91,000Ending Merchandise Inventory(2,200)(2,200)Cost of Goods Sold63,000(f)Gross Profit35,000114,000Selling and Administrative Expenses(c)86,000Operating Income$10,000$(g)Rustic GearSales$98,000Cost of Goods Sold:Beginning Merchandise Inventory15,200Purchases and Freight In50,000Cost of Goods Available for Sale65,200Ending Merchandise Inventory(2,200)Cost of Goods Sold63,000Gross Profit35,000Selling and Administrative Expenses25,000Operating Income$10,000Flynt Corp.__?___$31,000__?___91,000(2,200)114,00086,000__?____
Answer:
e. Purchases & freight= 60,000
f. Cost of goods sold= 88,800
d. Sales= 202,800
g.Operating income= 28,000
Explanation:
Calculation for the missing amounts for Flynt Corp.
e. Computaion for Purchases & freight-in
Using this formula
Purchases & freight-in= Cost of Goods Available for Sale - Beginning Merchandise Inventory
Let plug in the formula
Purchases & freight= 91,000 - 31,000
Purchases & freight= $ 60,000
f. Computation for Cost of goods sold
Using this formula
Cost of goods sold = Cost of Goods Available for Sale - Ending Merchandise Inventory
Let plug in the formula
Cost of goods sold= 91,000 - 2,200
Cost of goods sold= 88,800
d. Computation for Sales
Using this formula
Sales = Gross profit + Cost of goods sold
Let plug in the formula
Sales= 114 000 + 88,800
Sales= 202,800
g. Computation for Operating income
Using this formula
Operating income = Gross profit - Selling and Administrative Expenses
Let plug in the formula
Operating income= 114,000 - 86,000
Operating income= 28,000
Preparation for the Income statement for Flynt Corp.
Flynt INCOME STATEMENT
Sales 202,800 (i)
Cost of good sold :
Beginning Merchandise Inventory 31,000
Purchases and Freight In 60,000
Total Cost of goods available for sale 91,000
(60,000+31,000)
Less Ending Merchandise Inventory 2,200
Cost of goods sold 88,800 (ii)
(91,000-2,200)
Gross profit 114,000
(202,800 - 88,800)
Less Selling & Administrative expenses 86,000
Operating income 28,000
In organizational culture, people focus refers to _____. a. the degree to which the organization monitors and responds to changes in the external environment b. the degree to which management ’s decisions take into account the effect of outcomes on employees within the organization c. the degree to which rules, policies, and direct supervision are used to oversee and control employee behavior d. the degree to which employees are encouraged to be aggressive, innovative, and risk seeking
Answer:
b)the degree to which management 's decisions take into account the effect of outcomes on employees within the organization
Explanation:
Organizational culture can be reffered to as believe or values by those in charge of a particular organization, and as far as the employee are taking these culture into consideration, there will also be improvement and normality in the organization. It should be noted that organization culture brings a great functionality in team work.
It should be noted that how focused people are in the organization, means the which management 's decisions take into account the effect of outcomes on employees
Which of these is a major criticism of scientific management?
a. It overemphasized the intelligence of workers.
b. It emphasized the social context of work.
c. It ignored the social context of work.
d. It overemphasized individual differences.
e. It ignored the impact of compensation on performance.
Answer:
The correct answer is the option C: It ignored the social context of work.
Explanation:
To begin with, the name of "Scientific Management" refers to the theory created by Frederick Taylor that focus on the study of the work environment around the years of the industrilization process back then. Therefore that this concept is quite ancient in terms that only looks for that the worker can do and how can he do it faster and more efficiently. A major importance of this study was the use of measuring the time of every worker to see how they were going. So, it is understandable that this process is criticized by many managers of today because it does not have in mind the social context of the workers and only sees them as machine without personal goals outside the work.
A major criticism of scientific management is that it ignored the social context of work. The correct option is c.
Although it is widely acknowledged that scientific management enables management to allocate resources in the most efficient and effective manner possible, it has not been without criticism.
Workers' Point of View
Unemployment - Workers believe that management limits their employment chances by replacing men with robots and by enhancing human productivity, requiring fewer workers to accomplish work, resulting in their dismissal.
Employers viewpoint
Expensive - Scientific management is an expensive approach that requires a significant investment in the development of a planning department, standardisation, work studies, and worker training. It may be out of reach for small businesses. Overhead costs rise as a result of heavy food investment.
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Macroeconomics Which of the following statements is true? a. A college degree does not influence the earnings of workers. b. The median pay of economics majors increased more in dollar terms than any other majors in 2015. c. People with 0–5 years of work experience earn more than people with 10–20 years of work experience in all major fields. d. Students majoring in economics earned more than students majoring in engineering in the U.S. in 2015.
Answer: b. The median pay of economics majors increased more in dollar terms than any other majors in 2015.
Explanation:
Several sources have shown that Economics majors had the highest per dollar increase of all majors in 2015.
This has been put down to the need for more economists in the field as the years go by and world economics becomes more uncertain. Another key factor is the level of specialization and expertise required of economists as most entry level economists jobs require a masters at the very least.
Werner Inc. sells its products with a 2-year warranty. On December 31, 2017, Werner recognized estimated warranty-related costs of $54,000 for its 2017 sales. During 2018, Werner incurs repair costs of $21,000 related to products sold during 2017. The journal entry to record the cost of repairs would include a debit to:
Answer:
A DEBIT to Estimated warranty liability
Explanation:
Based on the information given we were told that the company recognized an estimated warranty of the amount of $54,000 for its 2017 sales in which the year 2018 the company also repair costs of the amount of $21,000 which is related to products sold during the year 2017 which means that The journal entry to record the cost of repairs would include a debit to ESTIMATED WARRANTY LIABILITY .
9What is an example of a formal closing? ALove, incorrect answer BSee you later, incorrect answer CYours truly, incorrect answer DTill then, incorrect answer 9 of 10
Answer:
C Yours truly
Explanation:
For closing the formal letter, we write off the format closing at the bottom of the page
Like
Yours sincerely
Thanks & regards
Your truly
Best regards, etc
This should represent the respect of a person and the writing way to write out a letter
Therefore in the given case, the option C is correct i.e. C yours truly
Answer:
D
Explanation:
DDDDDDDDDDDDDDd
A small business owner has decided to form a ______________ after deciding that she wants to maximize revenue, minimize taxes, give back to the community, and exercise total control over her business.
Answer:
Sole proprietorship
Explanation:
If you want to minimize taxes and avoid double or even triple taxation, your options are a sole proprietorship, a partnership (general or limited liability) or a limited liability company. The IRS considers them pass through entities, so they are not taxed directly, you are.
But if you want to exercise total control over your business, the options narrow down to only a sole proprietorship because all the others involve other people being co-owners of the business.
How is Intel implementing new levels of security into it's chips
Answer:
Intel is a well known company. It is uses New Chip Security Level that is GPU power
Explanation:
Intel New Chip-Level Security Tech Used GPU. It is a machine learning that detect threat. There is new feature in the Inter RSA news Monday. It is advanced memory scanner. It reduce CPU usage and increase battery life.
Intel is using threat detection technology. It will be a new brand for silicon level security. Intel security is important framework that main goal is standardized security features for the company processors.
The most notable feature is advanced memory scanner for Intel/s RSA.
What is a lease in business?
A coaches who forces students to do drills to the point of exhaustion to improve physical performance, but who then caringly listen to personal problems is balancing ______. Group of answer choices
Complete Question:
A coach who forces students to do drills to the point of exhaustion to improve physical performance, but who then caringly listen to personal problems is balancing task and relationship leadership.
Group of answer choices
A. democratic and authoritarian leadership.
B. unrealized strengths and weaknesses.
C. task and relationship leadership
D. laissez-faire and authoritarian leadership.
Answer:
C. task and relationship leadership.
Explanation:
A coach who forces students to do drills to the point of exhaustion to improve physical performance, but who then caringly listen to personal problems is balancing task and relationship leadership.
Since the students are expected to improve their performance by doing drills, it is necessary that the coach ensures they complete the task as their supervisor and acting in the capacity of a leader. Also, the coach being a leader should show empathy and have a good listening hear to their personal problems.
In the case when the coaches who forces students to do drills to the point of exhaustion so it represent the task and relationship leadership.
Task and relationship leadership:In the case when the coach who forces students to do drills to the point of exhaustion for improbving out the physical performance, so it deals with the balancing task and relationship leadership.
Also by doing the drills, the performance should be increased also the coach has to assure that they finish the task according to the supervisor also acted with respect to the leader.
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"Raising taxes will hurt the economy given that with higher taxes, small business will go out of business" is
Abe can catch 10 pounds of fish an hour or pick 10 pounds of fruit. Zeb can catch 30 pounds of fish an hour or pick 20 pounds of fruit. The opportunity cost of fish is ________ for Abe than for Zeb, and the opportunity cost of fruit is ________ for Abe than for Zeb.
Answer:
Higher, lower
Explanation:
Since in the question it is mentioned that the Abe could catch six fish pounds in an hour or pick fruit ten pounds
Where on the other hand, Zeb could catch 30 fish pounds in an hour or pick fruit twenty pounds
So
The opportunity cost of fish is higher for Abe and for fruit it should be lower as compared with Zeb
Answer:
Higher, lower
Explanation:
In a household, a business is run for an average of 6 hours per day. the total power consumed by a computer and its printer is 215 watts. in addition, a 75-w light bulb runs during the same 6 hours. if their utility charges 11.75 cents per kwh, how much do the owners pay every 30-days?
Answer:
$6.13
Explanation:
total electricity consumed per hour = 215 watts (computer + printer) + 75 watts (lights) = 290 watts per hour
total electricity consumed per month = 290 watts x 6 hours x 30 days = 52,200 watts = 52.2 kwh
monthly electric bill associated to the business = 52.2 kwh x $11.75 = $6.1335 ≈ $6.13
the amount that the owners will pay every 30-days is $6.13.
Here, we are to calculate the amount that the owners will pay for electricity every month.
The total electricity consumed per hour equals watt of Computer&Printer + Light wattTotal electricity consumed per hour = 215 watts + 75 watts
Total electricity consumed per hour = 290 watts per hour
Total electricity consumed per month = Total electricity consumed per hour * 6 hours * 30 daysTotal electricity consumed per month = 290 watts x 6 hours x 30 days
Total electricity consumed = 52,200 watts
Total electricity consumed = 52.2 kwh
Monthly electric bill = Total electricity consumed * Utility charges per kwh
Monthly electric bill = 52.2 kwh x $11.75
Monthly electric bill = $6.1335
Monthly electric bill = $6.13
Therefore, the amount that the owners will pay every 30-days is $6.13.
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Candonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . Suppose that candonia and lamponia specialize in the production of the goods in which each has a comparative advantage. After specialization, the two countries can produce a total of million pounds of sugar and million pounds of lemons.
Answer:
Candonia has a comparative advantage in the production of LEMONS, while Lamponia has a comparative advantage in the production of COFFEE. Suppose that Candonia and Lamponia specialize in the production of the goods in which each has a comparative advantage. After specialization, the two countries can produce a total of 36 million pounds of coffee and 36 million pounds of lemons.
Explanation:
Since a lot of information was missing, I looked it up and found the attached graphs. The graphs referred to production of coffee and lemons, but I guess they are similar questions.
For every pound of lemons that Candonia produces, it will not be able to produce ¹/₂ pounds of coffee (opportunity cost of producing lemons instead of coffee).
For every pound of coffee that Lamponia produces, it will not be able to produce 1¹/₂ pounds of lemons (opportunity cost of producing coffee instead of lemons).
When you have carefully checked all the facts and your attitudes and still find that there’s just something about your supervisor that’s causing a problem in your relationship, you should suspect that
Answer:
Your answer to that is try to talk it out with someone and dont hold it in.
Explanation:Have fun and a great day
Financial accounting provides information for_____decision makers, while managerial accounting provides information for______decision makers.
Answer:
External and Internal
Explanation:
Financial accounting provides information for external decision makers. This branch of Accounting focuses on the preparation of Financial Statements under the relevant reporting standards (IFRS or GAAP).
Managerial accounting provides information for Internal decision makers. These includes budgets, cost schedules and Cost - Volume Profit analysis. They are used to maintain the operations of the entity.
What are some of the payoffs companies receive when offering child care benefits to employees?
Answer:
When an employer provides child care for its employees, both will benefit. The benefits that employers obtain are generally:
Child care is extremely important for working parents and it might be the difference between taking or staying on a job or working somewhere else. Companies that provide child care have lower employee churn, specially for working parents. Employees tend to be more productive since they are happier and have less things to worry about (specially child security and child care costs).Employees feel better about their employees and they tend to believe that the employer actually cares for them and their families. I'm sure there are many more, so etc.______ uses email messages or IMs that appear to be from those you do business with, such as your bank, credit card company, or social network. A) Spoofing B) Phishing C) Cyberbullying D) Pharming
Answer:
Phishing
Explanation:
Phishing can be regarded as a cybercrime, it is when someone is masquerading him/her self as someone you trust to get the target information such as bank credit card, personal data and others from you as their target.
It should be noted that Phishing uses email messages or IMs that appear to be from those you do business with, such as your bank, credit card company, or social network.
Drag the tiles to the correct boxes to complete the pairs. Match the different financial ratios with their one example of these ratios.
Answer: liquidity ratio-current ratio
Asset management ratio-total asset turnover ratio
Debt management ratio-leverage ratio
Profitability ratio-return on equity
Market value ratio-PE ratio
Explanation:
Answer:
Answer: liquidity ratio-current ratio
Asset management ratio-total asset turnover ratio
Debt management ratio-leverage ratio
Profitability ratio-return on equity
Market value ratio-PE ratio
Explanation:
Plato
The extra benefit resulting from a small increase in an activity is called the diminishing returns of the activity. marginal cost. opportunity cost. marginal benefit.
Answer:
marginal benefit.
Explanation:
Marginal benefit is the increase in benefit as a result of an increase in an activity.
For example, if the utility you derive from consuming 3 cones of ice cream is 20 utils. If you consume 1 extra one, utility increases to 25 utils.
Marginal utility is 25 utils - 20 utils = 5 utils
Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.
the law of diminishing returns which says as more units of a variable input is added to a fixed income of production, output might increase at a point but after some time total output would increase at a decreasing rate and marginal product would be decreasing.
Marginal cost is the increase in cost as a result of an increase in an activity.
A ________ is a temporary activity a company undertakes to create a unique product, service, or result.
Answer:
a project
Explanation:
is a temporary activity that's creates products, service, or result etc
Beachfront resorts have an inelastic supply, and automobiles have an elastic supply. Suppose that a rise in population doubles the demand for both products (that is, the quantity demanded, at each price, is twice what it was)a. What happens to the equilibrium price and quantity, in each market?b. Which product experiences a larger change in price?c. Which product experiences a larger change in quantity?d. What happens to total consumer spending, on each product?
Answer:
What happens to the equilibrium price and quantity, in each market?
Beachfronts have inelastic supply, which means that their supply is fixed no matter how large the demand. The population increase would simply increase the price of renting a beachfront.
Automobiles have elastic supply, their supply responds to demand. At fist, the population increase would cause a price hike, but in the long-run, supply would meet demand and reach a new equilibrium.
b. Which product experiences a larger change in price?
Beachfronts experience a larger change because their price goes up, and stays above the previous equilibrium price.
c. Which product experiences a larger change in quantity?
Automobiles, simply because they do have a elastic supply that can increase to meet the new larger demand. Beachfront supply is inelastic and will stay the same no matter how much the population and demand grows.
d. What happens to total consumer spending, on each product?
Total consumer spending on beachfronts will be very high because of the very high prices.
Consumer spending in automobiles will be higher than before because of the higher demand, but not as high as consumer spending on beachfront, because automobile supply will also grow, bringing down prices to a similar point to the previous equilibrium price.
PLEASE HELP WILL GIVE BRAINLY!!!!!!!!!!!!!!!!!!
Using the graph above, explain what will happen to equilibrium price and equilibrium quantity if demand shifts to the level indicated by D1. Use complete sentences.
Answer:
Hola Amigo! Here's ur answer :D
Explanation:
The equilibrium price is the only price where the desires of consumers and the desires of producers agree—that is, where the amount of the product that consumers want to buy (quantity demanded) is equal to the amount producers want to sell (quantity supplied).
Happy to Help!
Answer: the answer is B. 15
Explanation: i put b on edgunuity and got it right hope this helps!
Bauer Software's current balance sheet shows total common equity of $5,125,000. The company has 490,000 shares of stock outstanding, and they sell at a price of $27.50 per share. By how much do the firm's market and book values per share differ?
Answer:
$17.04
Explanation:
Book value per share of equity = $5,125,000 / 490,000 = $10.46
Market price per share = $27.50
$27.50 - $10.46 = $17.04