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2 years ago

Decision Point: Deciding on Your Simple Structure

1 answer:

8 0

The person that would report to you would be B. Julia. She manages the office temporary workers you've hired and otherwise works on marketing brochures. She also helps with software improvements and customer service.

<h3>What is a Business Structure?</h3>

This refers to the hierarchies in place that shows the chain of command for ease of business and access.

Hence, we can see that based on the fact that Julia manages the workers, she is responsible for collecting reports from others and then reporting directly to you.

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Which type of market is the one in which a person buys their favorite breakfast sandwich at a fast-food drive thru? product mark

pogonyaev

The type of market is the one in which a person buys stock in type fast food company is Financial market.

What is Financial market?

Any location or system that gives buyers and sellers thew ability to trade financial assets such as bonds, shares, the various international currencies, and derivatives , is referred to as a financial market.

Why is financial market important?

Markets provide finance for companies so they can hire, invest and grow.
They provide money for the government to help it pay for new roads, schools and hospitals.
They can help lower the costs you face buying food at the super market, taking out a mortgage or saving for your retirement.

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4 0

2 years ago

Oakpark, Inc.’s $180,000 Accounts Receivable balance at December 31 consisted of $160,000 current balances and $20,000 past-due

Tresset [83]

Answer:

B) Bad Debts Expense 4600 Allowance for Doubtful Accounts 4600

Explanation:

Before passing the adjusting entry, we have to do the calculations which are shown below

The computation of the credit loss is shown below:

= Estimated amount - Estimated uncollectible account - Account receivable ending balance

where,

Estimated amount = Account receivable ending balance × given percentage

= $160,000 × 2%

= $3,200

And, the estimated uncollectible amount = Past due balance × estimated percentage

= $20,000 × 15%

= $3,000

The other item values remain the same

Now put the values to the above formula

So, the value would be equal to

= $3,200 + $3,000 - $1,600

= $4,600

Now the journal entry would be

Bad debt expense A/c Dr $4,600

To Allowance for Doubtful Accounts $4,600

(Being credit losses are recorded)

8 0

3 years ago

Beginning finished goods inventory $ 10,000 ending finished goods inventory $ 8,200 unadjusted cost of goods sold $ 48,000 what

damaskus [11]

Manufacturing cost is the total manufacturing cost of goods completed during a particular accounting period. These costs include direct materials, direct labor, and manufacturing overhead for products transferred from manufacturing to finished goods inventory.

The manufacturing cost of goods is important. Because it gives management an overview of the total cost of production and whether that cost is high or low. By better understanding the cost of goods produced, the company can make adjustments to maximize overall profitability.

Correct answer $46400

Working

Unadjusted cost of goods sold $ 48,000

Add: Ending finished goods $ 8,400

Less: Beginning finished goods $ (10,000)

Cost of goods manufactured $ 46,400

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6 0

2 years ago

Suppose that in a year an American worker can produce 100 shirts or 20 computers and a Chinese worker can produce 100 shirts or

Alexeev081 [22]

A ....................

5 0

4 years ago

Times Inc. is trying to develop an asset-financing plan. The firm has $540,000 in temporary current assets and $440,000 in perma

masya89 [10]

Answer:

Times Inc.

Conservative Aggressive

a) Annual interest payments $207,360 $184,275

b) Earnings After Taxes $127,584 $141,475

c) Annual interest payments $149,040 $172,125

Earnings After Taxes $162,576 $148,725

Explanation:

a) Data and Calculations:

Temporary current assets = $540,000

Permanent current assets = 440,000

Fixed assets = 640,000

Total assets = $1,620,000

Assumed tax rate = 40%

Conservative Aggressive

Financed by long-term sources 80% 56.25%

Long-term finance $1,296,000 $911,250

Short-term finance 324,000 (20%) 708,750 (43.75%)

Annual interest payments:

Long-term interest rate = 14% $181,440 $127,575

Short-term interest rate = 8% 25,920 56,700

Total annual interest payments $207,360 $184,275

b) Earnings before

interest and taxes $420,000 $420,000

Annual interest payments 207,360 184,275

Earnings before taxes $212,640 $235,725

Income taxes (40%) 85,056 94,250

Earnings After Taxes $127,584 $141,475

Annual interest payments:

Long-term interest rate = 8% $103,680 $72,900

Short-term interest rate = 14% 45,360 99,225

Total annual interest payments $149,040 $172,125

c) Earnings before

interest and taxes $420,000 $420,000

Annual interest payments 149,040 172,125

Earnings before taxes $270,960 $247,875

Income taxes (40%) 108,384 99,150

Earnings After Taxes $162,576 $148,725

5 0

3 years ago