Hello, The first step of financial planning process is to define specific goals. Since this is the first step I figured it is the most important.
Hope this helps..
Answer:
June 1 2020
No entry
September 1, 2020
Dr Cash $1,980
Dr Accounts receivable $300
Cr Sales revenue $1,730
Cr Unearned sales revenue $550
September 1, 2020
Dr Cost of goods sold $1,140
Cr Inventory $1,140
October 15 2020
Dr Cash $300
Dr Unearned service revenue $550
Cr Accounts receivable $300
Cr Service Revenue $550
Explanation:
Preparation of the journal entries for Geraths in 2020
June 1 2020
No entry
September 1, 2020
Dr Cash $1,980
Dr Accounts receivable $300
($1,730+$550+$1,980)
Cr Sales revenue $1,730
($1,980/$2,610*$2,280)
($1,980+$630=$2,610)
Cr Unearned sales revenue $550 ($630/$2,610*$2,280)
September 1, 2020
Dr Cost of goods sold $1,140
Cr Inventory $1,140
October 15 2020
Dr Cash $300
Dr Unearned service revenue $550
Cr Accounts receivable $300
Cr Service Revenue $550
Answer: d. structural
Explanation: The offering of Health Works would fall in the structural level of relationship marketing. Firms offering structural level of relationship marketing not only uses financial and social bonds but adds structural bonds to the mix thus, they offer value-added services not readily available from other firms in the industry. Such structural bonds employed by Health Works company include the reminders sent to clients, house visits for free consultations and free workshops.
Answer:
128,000 units
Explanation:
The calculation of the equivalent units of production using the weighted average method is given below:
= Total units of finished goods × completion percentage + ending work in process units × completion percentage
= 107,000 units × 100% + 42,000 units × 50%
= 107,000 units + 21,000 units
= 128,000 units
Hence, the equivalent units of production of direct labor is 128,000 units.
Answer:
Explanation:
A monopolist Inverse Demand Curve is Given as: P=24-Q
And we are also Given the Marginal Cost (MC) = $6
The Revenue of the Monopolist would be:
R=PXQ = 24Q - Q
Marginal Revenue= 24-2Q
A) Monopolist would produce at the price corresponding to the quantity of : MR=MC
24 – 2Q = 6
20 = 24 – 6 = 18
Q = 9
SO the Profit maximizing price would be: P=24-Q = 24-9 = 15
Thus profit maximizing price and Quantity are: P^*= $15 and Q^*=9
Profit = Revenue - Cost
Cost = Average Cost * Quantity = 6Q
Profit = 24Q-Q2-6Q = 18Q - Q2 = 18 X 9 -9
Profit = 81
Part B::
Now Government imposes a tax, on this monopolist, T.
So new MC= 6+T
Lets solve for Profit maximizing Price:
MR=MC
24-2Q=6+T
Q=\frac{18-T}{2}
and Price:
P=24-Q = 24-\frac{18-T}{2}
P=15+\frac{T}{2}
Thus Now the monopolist would charge Half of this tax from consumers.
