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4 years ago

According to the most recent data available, there are approximately ____ noncustodial mothers in the united states.

1 answer:

3 0

According to the most recent data available, there are approximately two million noncustodial mothers in the united states.

A custodial parent is the term for a parent who has lawful and physical guardianship of their kid. There are around 13.7 million single guardians in the United States. Of these single parents, 84% of custodial guardians are moms and 16% are fathers. A non-custodial parent does not have legitimate or physical guardianship of their kids, which is typically chosen by a court. Half of non-custodial moms are thoroughly default on help, which implies they struggle or can't pay for the help their families need.

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A company reports inventory using the lower of cost and net realizable value. Below is information related to its year-end inven

Zinaida [17]

Answer:

Explanation:

a. The computation of the ending inventory is shown below:

Inventory Quantity Cost NRV LCM Total inventory

(1) (2) (1 × 2)

Unit A 14 $38 $40 $38 $532

Unit B 22 $42 $39 $39 $858

Unit C 16 $27 $31 $27 $432

Unit D 19 $18 $17 $17 $323

Total $2,145

And total cost = Unit A × cost + Unit A × cost + Unit A × cost + Unit A × cost

= 14 × $38 + 22 × $42 + 16 × $27 + 19 × $18

= $532 + $924 + $432 + $342

= $2,230

b. The journal entry is shown below:

Income summary A/c Dr $85 ($2,230 - $2,145)

To Inventory A/c $85

(Being inventory is adjusted)

4 0

3 years ago

Weiss Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors have

AysviL [449]

Answer:

The break-even point in dollars for the proposal by Vendor A $ 157,142.86

The break-even point in dollars for the proposal by Vendor B =$ 140,000

Explanation:

Weiss Manufacturing

Proposal A Proposal B

The fixed costs $ 55,000 $ 70,000

The variable cost $ 13.00 $ 10.00

The revenue generated

By each unit is $ 20.00 $ 20.00

The break-even point for the proposal by Vendor A= Fixed Costs/Sales Revenue- Variable Costs

Break Even Sales Volume in Dollars= Fixed Costs/ Contribution Margin Ratio

Break Even Sales Volume in Dollars= Fixed Costs/ 1- (variable Costs/ Sales)

The break-even point in dollars for the proposal by Vendor A

= 55,000/1- (13/20)= $ 55000/ 0.35= $ 157,142.86

The break-even point in dollars for the proposal by Vendor B =

= 70,000/ 1- ( 10/20) = 70,000/0.5= $ 140,000

7 0

3 years ago

Read 2 more answers

Vin diesel owns the fredonia barber shop. he employs 6 barbers and pays each a base rate of $1,310 per month. one of the barbers

Ugo [173]

To find the fixed cost, we need add all costs that do not change with the number of haircuts. These are the salaries of the barbers and the manager bonus, the advertisement fees, rent and the magazines. We also have the standard part of the utility payment, the 170$. Those add up to:
6*1310+520+280+980+20+170=9830$. We also have regarding the variable costs:
The utilities variable part are included since they depend on haircuts, barber supplies and the base rate of each barber per haircut. Hence those are:
(5.90+0.38+0.27 per haircut)=6.55$ per haircut

6 0

3 years ago

Suppose that JAN Corp. will issue a new 10 year AA rated corporate bond with a coupon rate of 7.00%. The bond pays interest semi

k0ka [10]

Answer:

The bond was issued at a premium of $ 155.89

Explanation:

In determining whether the bond was issued at premium or discount,it is important to ascertain the price at which the bond was issued first and foremost.

In arriving the price of he bond, all of the future cash flows of the bond are discounted to present values using the discounting factor 1/(1+r)^N

Find detailed calculation in the attached.

Download xlsx

3 0

3 years ago

Cala Manufacturing purchases land for $451,000 as part of its plans to build a new plant. The company pays $31,900 to tear down

kaheart [24]

Answer:

Debit Credit

Property plant and equipment (Plant) $1,965,166

Cash $1,965,166

Being the cost of construction of plant building

Explanation:

According to International Accounting Standards (IAS) 16, property plants and equipment, the cost of land includes all of the cost necessary to bring and make it ready for the intended use.

The total cost of the plant = 451,000 + 31,900 + 47,156 + 1,349,900 + 85210

= $1,965,166

The journal entry

Debit Credit

Property plant and equipment (Plant) $1,965,166

Cash $1,965,166

Being the cost of construction of plant building

5 0

3 years ago