A)Work in process is debited and Direct material is credited by $1475
B) Work in Process is debitedand direct labor is credited by $920
C) Work in Process is debited and manufacturing overhead is credied by $920 .
The Entries will be as follows:
Particulars Debit Credit
A. Work in Process Dr. $1475
To Direct Material $1475
(To record direct material used for Job 131,132,133 and 134)
B. Work in Process Dr. $920
To Direct Labor $920
(To record labor cost direct for Jobs 131,132,133 and 134)
C. Work in Process Dr. $276
To Manufacturing overhead $276
(To apply overhead to Jobs 131,132,133 and 134)
Working notes:
Total Direct material cost = 500+240+380+355 = $1475
Total Direct Labor Cost = 200+280+160+280 = $920
Total cost of Manufacturing overhead applied = 60+84+48+84= $276
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what does it mean when your tax return is accepted
When you receive the confirmation from the IRS that your return has been accepted, it implies that they've reviewed it and that it has managed to pass their initial inspection.
An income tax return (ITR) is a component used to report your earnings and taxes to the Income Tax Department. A taxpayer's tax liability is determined by his or her income. If the return demonstrates that excess tax was paid during the year, the individual is eligible for a refund of income taxes from the Department of Income Taxes. Individuals and businesses that earn any revenue during a fiscal year are required by law to file an income tax return each year. The income could come from a salary, business earnings, income from real estate, dividends, capital gains, interest, or other sources.
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Earnings per share is the most often quoted measure of a stocks performance and value to stockholders what realtionship is there between eps and the desirability of buying and holding a stock explain
EPS is a widely used metric for estimating corporate value because it shows how much money a company makes for each share of stock it owns.
Why is earnings per share (EPS) an important metric?
EPS informs investors about the profitability of a company's investment. Consistent EPS growth may indicate the company's profitability, implying that it will be able to pay higher dividends in the future.
EPS is an abbreviation for earnings per share. This metric informs investors how much money a company makes per share. EPS is a popular way to assess a company's profitability. To determine a company's EPS, subtract any preferred dividends from its net income.
Therefore, A higher EPS indicates greater value because investors will pay more for a company's shares if they believe the company's profits are greater than its share price.
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3. Which of the following would NOT be a factor that affects which products a retailer chooses
to select to offer in a store?
A. Local customer preferences
B. Manufacturer incentives
C. Employee preferences
D. The store's location
ailor's
Employee choices wouldn't have any influence on the products a retailer selects.
What elements influence retail stores? What are the top five most crucial elements for a retail market?Location, marketing, shop design and appearance, service and selection, and bundle selling are the five pillars of retail success. Let's examine how each of them can assist you in starting a profitable retail business.
What are the seven elements that influence where an industry is located?The seven variables that affect whether or not an industry is established are: the supply of materials, labour, capital, market access, the availability of a plentiful supply of electricity, transport modes like railroads and roads for the road transport of finished goods and raw materials, and the availability of land.
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when jerry started his small appliance manufacturing company in the 1950s, every component part was made in the united states and the product was assembled in the united states. today, he sources the components from china. the change at this company is an example of the _____.
In a situation, wherein Jerry sources the components for his small appliance manufacturing company from China, then the change at the company can be said to be an example of the globalization of the product.
The process of globalization is to be brought into interpretation as the aspect through which a brand is able to sell its products across different countries, other than the country of its origin. Globalization is said to be a positive aspect for development of a product, and establishing its position in the international markets.
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the struggle among producers for the dollars of consumers is called ?
Competition can be defined as the struggle among producers for the dollars of consumers. This is done by producers to gain profits from their production through buying and selling activities.
In business and economic, Business competition generally can be defined as the contest between organizations or a company that provide similar products or services or that target the same audience of consumers. The function of business competition through the organization is for convert and retain customers, increase revenue and gain more market share. There are several types of business competition, such as direct business competition, indirect business competition, and replacement competitors.
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An 1-9 form is also called a Wage and Tax Statement.
O True
O False
Answer:
False
Explanation:
Form I-9 is the Employment Eligibility Verification.
Form W-2 is the Wage and Tax Statement.
False, 1-9 form is not Wage and Tax Statement. W-2 form is called Wage and Tax Statement.
Tax statements are statements that will be sent to each UK taxpayer each year detailing their Income Tax and National Insurance payments. It was set to be released in 2014.
Ben Gummer proposed annual tax statements in 2012, with the goal of showing itemized spending by department in proportion to the amount the taxpayer paid in the previous year.
While welcoming it in principle, Labor MP Chris Bryant opposed it because the figures were estimates rather than actual figures. Gummer's proposal was well received by the press in the UK and The Wall Street Journal in the US. It was included in the 2012 budget & because of introduction in 2014, with George Osborne calling it "an excellent idea".
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13. A business is likely to have sufficient working capital if the current ratio is between?
a. 0 and 1
b. 1.5 and 2
c. 1 and 2
d. 2 and 3
Explanation:
Most analysts consider the ideal working capital ratio to be between 1.5 and 2. 12 As with other performance metrics, it is important to compare a company's ratio to those of similar companies within its industry.
What were some weaknesses of the new national government of the colonies?.
International or interstate trade could not be regulated by the national government. The national government was powerless to prevent states from undermining it by forming their own trade treaties with other countries.
The government is the system or group of individuals in charge of an organized society, frequently a state. The legislative, executive, and judicial branches comprise the government in its broadest sense.
The government functions as both a process for policy development and an organisational tool for policy implementation. Many nations have a constitution that acts as a statement of their governing ideas and philosophy. Although many different types of organisations practise governance.
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Which of the following must be true when the marginal is negative Mcq?
The average is negative
The average is decreasing
The total is negative
The total is decreasing
When marginal is negative, it must be true that d) the total is decreasing.
As it becomes completely unfavorable to consume another unit of any product, marginal utility might turn into negative utility. Because marginal utility is the rate of total utility, when marginal utility is negative, total utility begins to decrease because consumption of an extra unit of that product delivers negative results.
Total utility is the overall enjoyment derived by a consumer through the use of specific commodities and services. Each every unit of products or services has its own marginal utility.
Total utility is the sum of all such individual objects' marginal utilities. A customer's principal concern is to obtain the greatest quantity of utility at the lowest possible cost.
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What is the largest denomination bill issued today?
Since July 13, 1969, when the bigger denominations of $500, $1,000, $5,000, and $10,000 were discontinued, the $100 note is the greatest denomination that has been produced and used in circulation.
The banknotes and coins that have been manufactured and released for usage in the economy are known as the currency in circulation. Notes and coins kept in the vault of the central bank, including notes and coins given back to the central bank by banks, are not regarded as money in circulation. The U.S. dollar continues to be the preferred reserve currency worldwide, regardless of how much money any one nation has in circulation. The United States benefits greatly from this on the international scene. The cost of oil, for instance, is expressed in USD. Under otherwise normal economic conditions, inflation may occur if the money supply expands more quickly than economic production. The rate of average price rises for goods and services over time is known as inflation.
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During civil lawsuit proceedings regarding alcohol service, courts will try to determine if the: a. designated driver was present and remained sober. b. guest's BAC was checked throughout the evening. c. server recently attended proper alcohol training. d. server contributed to the injury.
During civil lawsuit proceedings regarding alcohol service, courts will try to determine if the: a. designated driver was present and remained sober.
When it comes to civil lawsuits concerning alcohol service, courts will assess if a designated driver was present and stayed sober.
This individual is essential for ensuring the safety of all individuals involved, and their sobriety is essential when it comes to upholding the legal standards and regulations in place.
If a designated driver is found to have been irresponsible with their alcohol consumption, then this could put the safety and wellbeing of all involved in danger, and could result in legal ramifications.
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How did merchants / patrons help artists during the Renaissance ?
Patrons frequently set the limits for an artwork's price, quality, dimensions, placement, and subject matter.
How did businesspeople support artists in the Renaissance?Merchants promoted the expansion of fundamental education, particularly in algebra and accounting, which was another way they contributed to the Renaissance. More individuals needed to learn how to read, write, count, and do rudimentary math in order to keep track of their sales as the merchant class grew.In the Italian Renaissance, patrons either fully integrated artists into their estates and supplied them with accommodation while the artist was "on-call" for all requirements related to art, or they partially integrated artists into their estates and commissioned them work-by-work. Depending on the scope of a project, supporters may continue to support an artist for a long time.To learn more about Renaissance refer to:
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Efficiency means our economic pie is divided into equal slices. True or False?
Efficiency refers to how much use society makes of its limited resources. When rewards are spread equally across society's members, it is said to be equality. Alternatively put
Is The Limited still in business?
Between the early 1960s until the late 2010s, the American clothing chain The Limited operated retail locations. It was a brand after 2007 and was formerly held by the private equity company Sun Capital Partners; it is currently owned by Sycamore Partners. The Limited closed all 250 of its locations in January 2017, let go 4,000 employees, and declared bankruptcy.Only the three members of Harry and Bella's family and a close acquaintance made up the original board.
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no federal income tax withheld on paychecks of less than $600.
a. true
b. false
The concept is Federal Income Tax, which is the income tax you pay to the federal government. The answer is option A, true.
Federal income tax is the tax you pay to the federal government on your annual income. Typically, your employer will deduct federal income tax from your wages. Corporations and other legal entities also pay federal income taxes.
As an employee, you do not need to earn a minimum income to withhold federal and state income taxes. State income tax is based on the employee's registration status, number of credits/remissions, income, and IRS withholding tables. All of these factors determine the amount of federal withholding tax on an employee's income.
An employee may earn a small income, but because they have multiple tax exemptions, they owe federal income tax. He can earn a substantial income, but has so many tax exemptions that he pays no federal tax revenue. In the latter case, the employee could feel indebted to the IRS unless the employee genuinely has the right to request multiple waivers.
If the employee is entitled to exemption, no federal tax is withheld. The state withholding tax depends on similar factors. In addition, FICA taxes are based on a fixed percentage that must be paid regardless of the level of income.
If your income is equal to or less than the sum of the exemption and withholding standards, the IRS does not require you to file a tax return.
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one way for government to actively promote entrepreneurship is to allow private of businesses.T/F
False, one way for government to actively promote entrepreneurship is to allow private of businesses.
What steps is the government taking to encourage business?
Venture capital firms, conventional banks, or in some cases government grants may provide this support. For instance, to assist business owners in starting new operations, the U.S. Small Business Administration (SBA) offers small business grants with a restricted amount of financing.
How is the Indian government encouraging entrepreneurship?
For the purpose of fostering entrepreneurship, the federal and state governments have set up a variety of institutions. SIDO (Small Industries Development Organization) is one of them.
It is a government organization that creates policies for the growth of small enterprises in the nation.
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How does mixed economy protect private property?.
In a mixed economy, private property is protected and there is some economic flexibility in how money is used, but governments are also allowed to meddle in the market in order to further their social objectives.
A mixed economy often combines a robust governmental sector with the characteristics of a market-based economy. In a mixed economy, private property is protected and there is some economic flexibility in how money is used, but governments are also allowed to meddle in the market in order to further their social objectives.
A mixed economy is one in which supply and demand are allowed to determine fair prices, private property is protected, innovation is encouraged, employment standards are upheld, the role of the government in business is limited while still allowing it to provide for general welfare, and the self-interest of the participants in the market helps to facilitate the market.
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What kind of economy uses a free enterprise system brainly?.
Free market or capitalist economy uses a free enterprise system.
The free enterprise system is an economic model in which businesses operate freely and independently in a competitive marketplace with minimal government interference. This system encourages entrepreneurship and innovation as it rewards businesses that successfully provide products and services in the market that meet the needs and desires of customers.
It is important to note that the free enterprise system is not a completely unregulated market, as there are government policies and regulations in place to protect the interests of consumers, ensure competition and prevent monopolies from forming.
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inflation is assumed to be a temporary problem that does not affect financial decisions. True/False ?
The statement 'inflation is assumed to be a temporary problem that does not affect financial decisions' is false as inflation is not a temporary problem.
Inflation is not a temporary problem and can have a significant impact on financial decisions.
When inflation is high, the purchasing power of money decreases, meaning the same amount of money can buy fewer goods and services.
This can affect how much money an individual or business has to spend, as well as the amount of money they can save.
Additionally, when inflation is high, interest rates tend to rise, making it more expensive to borrow money. These factors can all have a negative impact on financial decisions and should be taken into consideration when making them.
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Ivan has inherited his grandmother’s 1963 Chevrolet Corvette (trust me this is a hot car to own – if you watched Lucifer on TV you know it), which he values at $45,000. He decides that he might be willing to sell it so he posts it on Craigslist for $55,000. Samantha is interested and willing to pay up to $72,000. Would Ivan and Samantha want to voluntarily engage in trade? How much economic surplus is created for both of them as a result of this exchange? Show your calculations. What is the total economic surplus? Explain how you arrived at this number.
This total economic surplus is arrived at by subtracting the value that Ivan put on the car before the trade, $45,000, from the highest value that Samantha is willing to pay for the car, $72,000.
Ivan and Samantha would want to voluntarily engage in trade because there is a gap between what Ivan is willing to accept for the car ($55,000) and what Samantha is willing to pay for it ($72,000).
The economic surplus created for Ivan as a result of this exchange is $72,000 (the amount Samantha is willing to pay) minus $45,000 (the value Ivan placed on the car before the exchange) = $27,000.
The economic surplus created for Samantha is $72,000 (the amount she is willing to pay) minus $55,000 (the amount Ivan is asking for the car) = $17,000.
The total economic surplus created as a result of this exchange is the sum of the individual surpluses: $27,000 (for Ivan) + $17,000 (for Samantha) = $44,000.
This difference of $27,000 is the economic surplus for Ivan, and the difference between the amount Samantha is willing to pay, $72,000, and the amount Ivan is asking for, $55,000, is the economic surplus for Samantha. The total economic surplus is the sum of the two individual surpluses.
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Keyanna is thinking of marketing consulting as a potential future career. Identify each task associated with consulting as either producing research or consuming research.
1. collect and analyze data, and present the results to clients
2. keep up to date on current product trends
3. look at analyses conducted by other firms, and inform clients of the findings
4.test different marketing strategies to identify the best one
Producing research involves gathering and evaluating data, as well as presenting the findings to clients.
Consuming - One activity related to consuming research is staying current on market trends. This is due to the fact that current research or data on product trends are reviewed and analyzed rather than fresh research being conducted.
Generating - A task included in producing research is testing many marketing techniques to find the most effective one. This is due to the fact that it entails performing fresh research by testing various marketing methods and assessing the outcomes to establish the most effective course of action.
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supporters of globalization believe that tougher environmental regulations and stricter labor standards are a natural aspect of economic progress.
True, Stronger environmental laws and higher labor standards, according to proponents of globalization, are a necessary part of economic development.
How does globalization affect environmental standards?Globalization has some advantages, but it has also had negative consequences on the environment (Xia et al., 2022). Globalization has facilitated deforestation and massive consumption of non-renewable fossil fuels and natural resources. Trade, especially import and export, is given a lot of attention by globalization.
How has globalization affected the state of the economy today?Globalization results in a general decline in production costs. It would seem that businesses may charge less for their products. A significant factor in improving quality of life is the average cost of commodities. The range of products available to consumers has likewise increased.
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Which of these is an accurate statement about mixed economies today?
a. There are more mixed economies in the world than any other kind.
b. Very few economies today can be accurately described as "mixed."
c. Mixed economies exist mostly in nations with communist governments.
d. Most nations that once had a mixed economy have evolved into command economies
The correct option tends to be option A, There are more mixed economies in the world than any other kind.
Mixed economies blend capitalism with socialism. A mixed economic system protects private property and gives capital usage independence, but it also allows government intervention to fulfill social goals.
The neoclassical theory says mixed economies are less effective than pure free markets, but proponents of government involvement claim that free market efficiency requires equal knowledge and rational market players, which cannot be attained in practice.
Mixed economies socialize critical or public goods-producing enterprises. Though some economists have criticized mixed economies, all historical and modern economies are mixed.
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Last year a janitorial supervisor had a gross income of $34,100, of which he contributed 8% to his 401(k) plan. If he got paid bimonthly, how much was deducted from each paycheck for his 401(k) plan?.
Assuming a gross income of $34,100,113.67, a certain amount was taken out of each paycheck for his 401(k) plan.
What is the percentage?It is the ratio of two integers expressed as a decimal fraction of a whole number.
It is a statistic for contrasting two sets of data, and the % symbol is used to describe it as a percentage.
Percentages are frequently and creatively used.
For instance, a lot of data is published as percentages in the media, including bank interest rates, retail discounts, and inflation rates.
Percentages are essential for comprehending the financial aspects of daily living.
So, given that a janitorial supervisor earned a gross income of $34,100 last year, he made 8% of that amount as a 401(k) contribution.
The result is:
=8% of 34,100
=0.08(34,100)
=2728
Given that he receives money every two months, or twice a month, for a total of 24 payments, and that there are 12 months in a year:
=2728/24
= 113.666
Therefore, assuming a gross income of $34,100,113.67, a certain amount was taken out of each paycheck for his 401(k) plan.
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Correct question:
Last year, a janitorial supervisor had a gross income of $34,100, of which he contributed 8% to his 401(k) plan. If he got paid bimonthly, how much was deducted from each paycheck for his 401(k) plan?
A.389.71
B.227.31
C.52.46
D.113.67
Which of the following would be more typically the responsibility of a controller rather than a treasurer?A) Overseeing accounting and tax functionsB) Capital budgetingC) Managing creditD) Making investment decisions
overseeing accounting and tax functions would be more typically the responsibility of a controller rather than a treasurer.
Who is considered as treasurer?An organization's treasurer is in charge of managing its finances. Cash and liquidity management, risk management, and corporate finance are among a corporate treasurer's important primary responsibilities. The major responsibilities of a treasurer include supervising the organization's financial management, reviewing policies and financial reporting, advising the board on financial strategy, and providing fundraising advice. A treasurer, often known as a financial controller, is responsible for supervising all financial activities and fundraising attempts made by an organizing committee. Their main responsibilities include managing incoming and outgoing funds, maintaining records, and establishing the budget.A controller, not a treasurer, would normally be in charge of supervising accounting and tax functions.To learn more about treasurer refer to:
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VW’s decision to commit significant financial and R&D resources to electric vehicles can best be described as ____ approach to business ethics. VW’s goal of being the world leader in electric vehicles together with its decision to devote large resources to the effort signals.
VW's decision to commit significant financial and R&D resources to electric vehicles can best be described as a proactive approach to business ethics. By committing large resources to the development of electric vehicles, VW is proactively addressing societal concerns about climate change and environmental sustainability.
Additionally, by positioning itself as a leader in the electric vehicle market, the company is proactively working to align its business goals with the values and expectations of its stakeholders, including customers, investors, and society at large. This approach can be seen as a way of building trust, reputation and responsibility.
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What is a way the company can utilize edge computing to help the store achieve this goal?.
By analysing the customer's past purchases and offering customized recommendations using sensors, the edge computers can determine what the customer is looking for and hence help the customer with an immersive experience.
What is Edge ComputingEdge computing is a computing process that focuses on Internet of Things (IoT) traffic to store and process critical data locally. As the name implies, data processing is carried out at the edge of the network or close to the data source. This is claimed to be quite effective in reducing various problems related to latency and bandwidth.
The process of edge computing is kept to a minimum from the cloud to the local device. Technology is designed in such a way as to place data and applications close to the server and user. In other words, the concept of edge computing basically aims to reduce the burden of long-distance communication.
According to International Data Corporation (IDC), edge computing is a mesh network in a micro data center that stores, processes, as well as pushes it to the cloud or data center. The goal is to reduce data processing routes that lead to the cloud system from a local place, at least 100 square feet away.
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A student earns $10. 50 per hour at her job. She works 4 hours on tuesday, 5 hours on thursday, and 6 hours on saturday. Her boss gives her an additional 25% bonus for the 6 hours she works on saturday. How much money does the student earn in all?.
qwq3r weFDWEF WF WF EWFD F
If a company borrows money by issuing a note payable at the beginning of the accounting period, as a result, it will report ________.
If a company borrows money by issuing a note payable at the beginning of the accounting period, as a result, it will report liability.
If a company borrows money by issuing a note payable at the beginning of the accounting period, as a result, it will report a liability on its balance sheet for the amount of the loan.
The liability will typically be reported as a current liability if the note is due to be paid within the current year, or a long-term liability if it is due to be paid beyond one year.
The company will also need to record any interest expense associated with the loan, as well as any loan payments made during the period.
The loan payment will increase the cash balance of the company and reduce the total loan balance, resulting in a reduction of the liability on the balance sheet.
Finally, the company should also record any accrued interest on the loan over the course of the year, which will increase the interest expense and the liability balance.
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What are some examples of a mixed market economy?.
Answer:
China
Singapore
Norway
Vietnam
What is the economic problem what are the three 3 central questions involved with this problem?.
Needs may be more limited than wants. Want is limitless because we all want to go beyond our current capabilities. And our wants are not limited by the resources we have.
The concept of desire can be studied from different angles. In secular countries, lust can be equated with affective lust, which can be studied scientifically in the fields of psychology or sociology. In economics, demand can be analyzed as an important factor in the maintenance and reproduction of capitalist systems based on ideas such as consumption.
Demand is anything sought in economics. People are considered to have unlimited needs but limited resources. As a result, individuals cannot have everything they desire and must search for the most cost-effective options.
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