Business

How and why would the accounting profession use the results of behavioural research in accounting
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QUESTION 8 of 10: In a percentage lease, the landlord receives aa) Assetsb) Expensesc) Accounts payableO d) RevenueSubmit
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Patterson and Clay Companies both use cost-plus pricing formulas and arrived at a selling price of $1,000 for the same product. Patterson uses absorption manufacturing cost as the basis for computing its dollar markup whereas Clay uses total cost. Which of the following choices correctly denotes the company that would have (1) the higher cost basis for deriving its dollar markup and (2) the higher markup percentage?Cost Basis Patterson Patterson Clay Clay More information is needed to judge Markup Percentage Patterson Clay Patterson Clay More information is needed to judgeA. Choice A B. Choice B C. Choice C D. Choice D E. Choice E
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An advantage of organization in the u.s. that compete globally is
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1. Which of the following BEST defines a down payment?1. A down payment is a portion of the purchase price that increases the loan amount.2. The down payment is the good faith escrow deposit.3. A down payment is a portion of the purchase price that reduces the loan amount.4. The down payment is the total amount borrowed for purchasing or leasing a car.
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The dollar-value LIFO method was adopted by Bramble Corp. on January 1, 2020. Its inventory on that date was $298,300. On December 31, 2020, the inventory at prices existing on that date amounted to $280,000. The price level at January 1, 2020, was 100, and the price level at December 31, 2020, was 112. Your Answer Correct Answer Correct answer iconYour answer is correct. Compute the amount of the inventory at December 31, 2020, under the dollar-value LIFO method. Inventory 12/31/20 under dollar-value LIFO method $ 250000 eTextbook and Media Solution
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Suppose it is announced that industry analysts are predicting that decreased oil supplies from one of the exporter countries will cause gasoline prices to rise, beginning next month. In the current week, the announcement would: Shift the supply of gasoline right Shift the demand for gasoline right Shift the demand for gasoline left no effect on the demand or supply of gasoline
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Using the supply and demand analysis of the market for reserves, indicate what happens to the federal funds rate, borrowed reserves, and nonborrowed reserves, holding everything else constant, under the following situations. a. The economy is surprisingly strong, leading to an increase in the amount of checkable deposits. b. Banks expect an unusually large increase in with-drawals from checking deposit accounts in the future. c. The Fed raises the target federal funds rate. d. The Fed raises the interest rate on reserves above the current equilibrium federal funds rate. e. The Fed reduces reserve requirements. f. The Fed reduces reserve requirements and then off-sets this action by conducting an open market sale of securities.
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Which of the following is the best definition of a liability in accounting?A. Anything your company owes to someone besides the businessownerO B. A debt your business owes that must be repaid during the presentaccounting periodc. Anything your company owes to the business ownerD. Anything your company needs to sell during the presentaccounting period
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What happens to the equilibrium price and quantity in the market for orange juice in Florida if a hurricane causes a seasonal orange shortage and the price of apple juice falls substantially. Select the correct answer below: the equilibrium price of orange juice will fall the equilibrium price of orange juice will rise the equilibrium quantity will rise the equilibrium quantity will fall
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Fiona is a manager who believes in Theory Y of leadership. What does she assume about her employees according to this theory? A. Employees have to be reprimanded for bad ideas. B. Employees are self-motivated in their work. C. Employees need constant supervision. D. Employees are always ready to leave the company.
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Identify a product you use every day. Assume you are the marketer of the product and want to convey the ways your product differs from competing products in the marketplace. Create a differentiation strategy to promote your product and create a competitive advantage
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The following data pertain to Frontier Enterprises: Variable manufacturing cost $ 70 Variable selling and administrative cost 20 Applied fixed manufacturing cost 40 Allocated fixed selling and administrative cost 15 What price will the company charge if the firm uses cost-plus pricing based on variable manufacturing cost and a markup percentage of 110%?A. $84. B. $147 C. $210. D. $231 E. Some other amount.
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Selected information from the payroll register of Barbara's Stables for the week ended September 28, 20--, is as follows: Social Security tax is 6.2% on the first $128,400 of earnings for each employee. Medicare tax is 1.45% of gross earnings, FUTA tax is 0.8%, and SUTA tax is 5.4% each on the first $7,000 of earnings.Employee Name Cumulative Pay Before Current Earnings Current Gross PayJordahl, Stephanie $6,600 $1,190 Keesling, Emily 6,150 1,070 Palmer, Stefan 55,200 2,410 Soltis, Robin 54,300 2,280 Stout, Hannah 29,050 2,030 Xia, Xu 116,630 2,850 Required:a. Calculate the amount of taxable earnings for unemployment, Social Security, and Medicare taxes.b. Prepare the journal entry to record the employer's payroll taxes as of September 14, 20--. Round your answers to the nearest cent. If an amount box does not require an entry, leave it blank.
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You invest $3,000. You have speculated that you will earn an average of 7% on your initial investment each year. What do you expect the total value to be in ten years?
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Universal Foods issued 10% bonds, dated January 1, with a face amount of $176 million on January 1, 2021 to Wang Communications. The bonds mature on December 31, 2035 (15 years). The market rate of interest for similar issues was 12%. Interest is paid semiannually on June 30 and December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. to 3. Prepare the journal entries to record the purchase of the bonds by Wang Communications on January 1, 2021, interest revenue on June 30, 2021 and interest revenue on December 31, 2028
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When you get in a business, make a lot of money, and then get out, its referred to as a(n)A) easy-money business.B) hit-and-run business.C) failure.D) missing opportunity.
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make balance sheet 1.sold all the stock for 5000 and receive a cheque 2. a trade receivable paid 600 by cheque 3. the owner took 800 from the bank for personal use 4. withdrew 2000 from the bank for business expenses
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B. A customer sees a house they want, but it's not for sale because it's owned by someone else. How would you go about approaching the current home owner about possibly selling their home to your buyer?
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Oops, they done did it againAnother mate dead, misplaced his headOh, who could it be?I mean, it definitely wasn't meNo clue where that charlatan ran?I've been around the Skeld, only know too wellVillain vampires want fresh bloodSo now everyone's susAre you crawling 'round the ventsOr can you prove your innocence?Don't go lyin' to me!I saw a body lyin' there!Don't go lyin' to meDon't go lyin', don't go lyin'I ain't gonna let there beNo more dyin', no more dyin'Don't go lyin' to me!I saw a body lying there!It was right there!So Jordan was in Medbay, Ellie in elec'Jerome was roaming through the hallwaysGuess we gotta, gotta do a triple-checkIt ain't the killer's holidayAre you crawling 'round the ventsOr can you prove your Don't go lyin' to me!I saw a body lyin' there!Don't go lyin' to meDon't go lyin', don't go lyin'I ain't gonna let there beNo more dyin', no more dyin'Don't go lyin' to me!I saw a body lying there!It was right there!(Don't go lyin' to me!)(Do-do-don't go lyin' to me!)It was right there!It was right there!(Don't go lyin' to me!)(Do-do-don't go lyin' to me!)It was right there!Listen to me, listen now, lend me your earsLet me lay it out easy so to lessen all your fearsJust living and loving, not about to let you downLet's look at this logically, figure this outWe can likely verify each other's alibisNo need to allegate, litigate, itemize liesI just wanna live free, liberty, let me beAnd I won't be ejected, not a liabilityBack off!Don't go lyin' to me!I saw a body lyin' there!Don't go lyin' to meDon't go lyin', don't go lyin'I ain't gonna let there beNo more dyin', no more dyin'Don't go lyin' to me!I saw a body, a body!Don't go lyin' to me!I saw a body lyin' there!Don't go lyin' to meDon't go lyin', don't go lyin'I ain't gonna let there beNo more dyin', no more dyin'Don't go lyin' to me!I saw a body lying there!It was right there!
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Absorption and Variable Costing; Inventory Valuation Bondware Inc., has a highly automated assembly line that uses very little direct labor. Therefore, direct labor is part of variable overhead. For March, assume that it incurred the following unit costs: Direct materials $500 Variable overhead 440 Fixed overhead 160 The 100 units of beginning inventory for March had an absorption costing value of $90,000 and a variable costing value of $76,000. For March, assume that Bondware Inc. produced 500 units and sold 540 units.Compute Bondware's March amount of ending inventory under both absorption and variable costing if the FIFO inventory method was used.Ending InventoryAbsorption Costing$ (Answer)Variable Costing$ (Answer)
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Which of the following is considered important in a company's attempt to strengthen partner relationships? Group of answer choices The partnership's objectives should move beyond tactical issues and toward a more strategic path The partnership should have a shared vision and objectives The partnership should have measurable objectives The vision and objectives should be accepted and formally agreed upon by both parties All of the above are considered important in strengthening partner relationships
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2.____What is auto insurance based on in IL?A. How much money you haveB. FaultC. Your jobD. How tall you are
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The following cost behavior patterns describe anticipated manufacturing costs for 2019: raw material, $7.50/unit; direct labor, $10.50/unit; and manufacturing overhead, $297,500 $8.50/unit. Required: If anticipated production for 2019 is 35,000 units, calculate the unit cost using variable costing and absorption costing. (Round your answers to 2 decimal places.)
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