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Nonamiya [84]
3 years ago
8

The application of marketing strategies and practices not for profit but rather to change or create behaviors that have a benefi

cial impact on targeted individuals or society as a whole is known as:____________
Business
1 answer:
Bumek [7]3 years ago
6 0

Answer:

Nonprofit Organization.

Explanation:

The application of marketing strategies and practices not for profit but rather to change or create behaviors that have a beneficial impact on targeted individuals or society as a whole is known as Nonprofit Organization which is a business that has been allowed tax-exempt situation by the Internal Revenue Service (IRS) as it promotes a social belief and provides a public support. A nonprofit necessarily assist the public in any way, whether by offering goods, services, or a combination of both.

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Forest Components makes aircraft parts. The following transactions occurred in July. Purchased $16,950 of materials on account.
horrorfan [7]

Answer:

Forest Components

Journal Entries:

1. Debit Materials Inventory $16,950

Credit Accounts Payable $16,950

To record the purchase of materials on account.

2. Debit Work in Process Inventory $16,780

Credit Materials Inventory $16,780

To record the issue of materials to the production department.

3. Debit Manufacturing Overhead $1,340

Credit Materials Inventory $1,340

To record the issue of materials to the service department.

4. Debit Accounts Payable $16,950

Credit Cash Account $16,950

To record the payment for the materials purchased on account.

5. Debit Materials Inventory $2,020

Credit Work In Process $2,020

To record the record of materials.

6. Debit Work in Process $32,500

Credit Factory Wages $32,500

To record the direct labor cost.

7. Debit Manufacturing Overhead $17,250

Credit Accounts Payable $17,250

To record the purchase of miscellaneous items for the plant.

8. Debit Manufacturing Overhead $36,700

Credit Depreciation Expense $36,700

To record depreciation expense on manufacturing plant.

9. Debit Work In Process $30,875

Credit Manufacturing Overhead $30,875

To apply overhead for the month.

b. T-accounts:

Materials Inventory

Accounts Titles         Debit    Credit

Balance                    $12,320

Accounts Payable   $14,930

Work in Process         2,020

Work in Process Inventory    $16,780

Balance                                  $12,490

Work-in-Process Inventory

Accounts Titles         Debit    Credit

Balance                    $11,755

Materials Inventory   16,780

Materials Inventory                $2,020

Factory Wages        32,500

Overhead                30,875

Finished Goods Inventory    79,330

Balance                                  10,560

Manufacturing Overhead

Accounts Titles                 Debit    Credit

Materials Inventory         $1,340

Accounts Payable           17,250

Depreciation Expense   36,700

Work In Process                         $30,875

Finished Goods Inventory

Accounts Titles         Debit    Credit

Balance                   $2,700

Work in Process     79,330

Cost of goods sold                75,100

Balance                                 $6,930

Cost of Goods Sold

Accounts Titles         Debit    Credit

Finished Goods      75,100

Explanation:

a) Data and Calculations:

Materials Inventory                 ?         $12,490

Work-in-Process Inventory     ?           10,560

Finished Goods Inventory $2,700       6,930

Cost of Goods Sold                ?         75,1000

Predetermined overhead rate = $412,870/$434,600 = $0.95

Overhead applied = $30,875 ($0.95 * $32,500)

5 0
2 years ago
Expectancy theory suggests that managers must recognize employees work for a variety of reasons, these reasons may change over t
lana66690 [7]

TRUE

Explanation:

  • Managers appoint employees because they are able to produce work.
  • It is mandatory for a manager to keep recognition because task..
  • It could be monotonous,hard and the learning curve of this employee.
  • Existing employee can complete the task much faster, new ones.
  • Manager has to give champions of the month,spot award, golden.
  • Award it gives the employee that exponential boost and happiness.
  • Those things can change over time depending on the business.
  • If Manager in a particular business doesn't require recognition.
  • Manager provides promotion,salary, hike, bonus and others.
  • This self of awareness employee is comfortable, with Manager.
  • For a long time.

7 0
3 years ago
An investor is considering a $25,000 investment in a start-up company. She estimates that she has probability 0.2 of a $15,000 l
lozanna [386]

Answer:

$21,000

Explanation:

initial investment $25,000

we need to determine the expected value of every possibility:

  • $15,000 loss ⇒ 20% x $10,000 = $2,000
  • $29,000 loss ⇒ 15% x $5,000 = $750
  • $40,000 gain ⇒ 5% x $65,000 = $3,250
  • break even ⇒ 60% x $25,000 = $15,000

total expected value = $21,000

8 0
3 years ago
Mays, Inc. had net income for 2014 of $1,060,000 and earnings per share on common stock of $5. Included in the net income was $1
Rainbow [258]

Answer:

The dividends on common stock in 2014 for Mays, Inc was:

Dividends paid=$2650

Explanation:

1. You must follow the formula below to find out the Dividends Paid by Mays inc,

Payout ratio = (dividends paid/net earnings for the period) x 100 then,  

Dividends paid= (Payout Ratio/100) x net earnings for the period

Dividends paid= (25%/100)x$ 1'060.000

Dividends paid=$2650

8 0
3 years ago
Find the area of a rectangle with the length measuring 8 km and the width measuring 5 km.
Gnoma [55]

Answer:

The answer is <em><u>C. 40 km^2</u></em>

<em><u>8km*5km = 40</u></em>

A = L*W

L = 8 km

W = 5 km

7 0
3 years ago
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