Tax refunds:

An effective team would never have ______. a. Multiple long term goals b. A series of coordinated deadlines c. Unclear definitio

DedPeter [7]

C. Unclear definitions of goals

Any professional and efficient team will of course want clear definitions of their goals to run well.

7 0

4 years ago

Read 2 more answers

By the way do you know how to change your name on here, because my name is Bucky?

Ray Of Light [21]

Answer:

You cant change your name unless you message the mods and say it has personal information or give them a reason y you want to change it. Same i wish I changed mine. lol

Explanation:

3 0

3 years ago

Swifty Corporation has the following budgeted sales: January $30000, February $90000, and March $50000. 40% of the sales are for

klasskru [66]

Answer:

Total cash collection= $62,000

Explanation:

Giving the following information:

40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month.

Sales:

January $30000

February $90000

March $50000

Cash collection March:

Sales in account February= (90,000*0.6)*0.5= 27,000

Sales in account March= (50,000*0.6)*0.5= 15,000

Sales in cash March= (50,000*0.4)= 20,000

Total cash collection= $62,000

4 0

3 years ago

If a company’s employees are found guilty of unethical behavior, the U.S. Sentencing Commission can impose a base fine and multi

Dafna1 [17]

Answer:

Yes

Explanation:

The first step is to compute the base fine by determining what level of offense has occurred. After a base fine, the judge computes a culpability score, which is a way of assigning blame to the company. (This is important because the total fine is computed by multiplying the base fine by the culpability score).

The essence of the guidelines is not just to punish companies after their employees break the law, but rather to encourage companies to take proactive measures that will prevent white-collar crime before it happens.

8 0

3 years ago

Sims Company, a manufacturer of tablet computers, began operations on January 1, 2017. Its cost and sales information for this y

Eduardwww [97]

Answer:

1. Prepare an income statement for the year using variable costing.

Sales ( $ 350 × 70,000) $ 24,500,000

Less Cost of Sales $9,100,000

Opening Stock of Finished Goods 0

Add Manufacturing Cost of Finished Goods( $130 ×100,000) $13,000,000

Less Closing Stock of Finished Goods ($130×30,000) ($3,900,000)

Contribution $15,400,000

Less Expenses

Fixed Manufacturing Overheads ($ 7,000,000)

Selling and administrative costs:

Variable ($ 770,000)

Fixed ($4,250,000)

Net Income $3,380,000

2. Prepare an income statement for the year using absorption costing.

Sales ( $ 350 × 70,000) $ 24,500,000

Less Cost of Sales $14,000,000

Opening Stock of Finished Goods 0

Add Manufacturing Cost of Finished Goods( $200 ×100,000) $20,000,000

Less Closing Stock of Finished Goods ($200×30,000) ($6,000,000)

Gross Profit $10,500,000

Less Expenses

Selling and administrative costs:

Variable ($ 770,000)

Fixed ($4,250,000)

Net Income $5,480,000

3. Under what circumstance(s) is reported income identical under both absorption costing and variable costing

When Production is Equal to Sales

Explanation:

The Variable Costing and The Absorption Costing Differ in two aspects. That is the Accumulation of Product Costs and the Accumulation of Period Costs.

Product Costs

Variable Costing = Direct Labor + Direct Materials + Variable Overheads

= $ 60 + $40 + $ 30

= $130

Absorption Costing = Direct Labor + Direct Materials + Variable Overheads + Fixed Manufacturing Overheads

= $ 60 + $40 + $ 30 + $70

= $200

Periodic Cost

Variable Costing = Fixed Manufacturing Overheads + Non- Manufacturing Overheads

Absorption Costing = Non- Manufacturing Overheads

Units of Closing Stock Calculation :

Production - Sales

100,000-70,000

30,000

3 0

3 years ago