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serious [3.7K]
3 years ago
3

Over a century, Nokia transitioned from a paper mill to a radiophone producer to a cell phone manufacturer. Before each transiti

on, management scanned the environment to choose a goal and to
a.lead

b.plan

c.organize
Business
1 answer:
11111nata11111 [884]3 years ago
5 0

Over a century, Nokia transitioned from a paper mill to a radiophone producer to a cell phone manufacturer. Before each transition, management scanned the environment to choose a goal and to "plan".

<u>Answer:</u> Option B

<u>Explanation:</u>

The beginning of Nokia as a single paper mill company in 1865, it has achieved and inculcated success over the years in a number of industry sectors involving paper products, rubber boots, cable, televisions, tires and the most successful mobile phones.

The transition from Nokia to a primary focus on telecom started in the 1990s. Rapid growth in mobile phone industry helped it to become the world's best-selling mobile phone company by 1998. Before following transition their goals and plans are soughted which allowed Nokia to achieve success.

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xercise 7-24 (Static) Assigning Costs to Jobs (LO 7-1, 2) Forest Components makes aircraft parts. The following transactions occ
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Answer:

Forest Components

a. Journal Entries

1. Debit Raw materials $119,000

Credit Accounts payable $119,000

To record purchase of materials on account.

2. Debit Work in Process $117,600

Credit Raw materials $117,600

To record transfer of materials to production.

3. Debit Overhead $8,400

Credit Raw materials $8,400

To record indirect materials used.

4. Debit Accounts payable $119,000

Credit Cash $119,000

To record payment for materials.

5. Debit Raw materials $15,400

Credit Work in Process $15,400

To record the return of materials to warehouse.

6. Debit Work in Process $217,000

Credit Cash $217,000 (direct labor)

To record the payment for direct labor.

7. Debit Overhead $120,400

Credit Account payable $120,400

Purchase of miscellaneous items for manufacturing plant.

8. Debit Overhead $245,000

Credit Depreciation expense $245,000

To record depreciation expense for overhead

9. Debit Work in Process $201,810  

Credit Overhead $201,810

To record overhead applied.

b. T-accounts:

Materials Inventory

Account Titles              Debit        Credit

Beginning balance    $79,800

Accounts payable    $119,000

Work in Process                         $117,600

Overhead                                        8,400

Work in Process          15,400

Ending Balance                            88,200

                                 214,200    214,200

Work in Process Inventory

Account Titles              Debit        Credit

Beginning balance  $105,490

Raw materials             117,600

Raw materials                               $15,400

Direct labor (cash)     217,000

Overhead                   201,810

Finished Goods                           553,000

Ending Balance                             73,500

                               $641,900   $641,900

Overhead

Account Titles              Debit        Credit

Raw materials              $8,400

Accounts payable      120,400

Depreciation exp.     245,000

Work in Process                          $201,810

Finished Goods Inventory

Account Titles              Debit        Credit

Beginning balance      $18,200

Work in Process         553,000

Cost of goods sold                    $521,500

Ending balance                           $49,700

Cost of Goods Sold

Account Titles              Debit        Credit

Finished Goods        $521,500

Explanation:

a) Data and Analysis:

1. Raw materials $119,000 Accounts payable $119,000

2. Work in Process $117,600 Raw materials $117,600

3. Overhead $8,400 Raw materials $8,400

4. Accounts payable $119,000 Cash $119,000

5. Raw materials $15,400 Work in Process $15,400

6. Work in Process $217,000 Cash $217,000 (direct labor)

7. Overhead $120,400 Account payable $120,400

8. Overhead $245,000 Depreciation expense $245,000

9. Work in Process $201,810  Overhead $201,810 ($217,000 * $0.93)

Estimated direct labor costs = $3,000,000

Estimated overhead costs = $2,790,000

Predetermined overhead rate = $2,790,000/$3,000,000 = $0.93

7 0
3 years ago
Pam bought Mississippi State Lottery tickets. Several days later, she learned that someone had won the lottery but that the winn
nikdorinn [45]

No, Pam will not succeed.

<u>Explanation:</u>

Pam will not succeed in the case in which she had sued the lottery office for claiming her lottery money which she had won. The reason for this is that she had lottery ticket.

And the rules of the contract of the lottery say that the ticket of the lottery must be shown if the amount of the lottery has to be claimed by the winner. Since Pam had accepted that rule when she had entered in to the contract, so now she has no right to sue the lottery office.

5 0
4 years ago
Using Excel, 40 applicants apply for 5 similar positions in a company. How many different ways can the candidates be hired?
Savatey [412]

40 choose 5 = 658,008

3 0
3 years ago
lpine Company solicited bids from several contractors to construct an addition to its office building. The lowest bid received w
Virty [35]

Answer:

The amount recorded in the building account will be $1,100,000.

Explanation:

Alpine company has asked for bids from various contractor to construct additions in its office building. many contractors replied with a bid offer among which the lowest was $1,200,000. Alpine decided to construct additions itself at a lower cost than the bid received. The amount which is recorded in office building account will be $1,100,000 at which the company has agreed to construct. The accounts of a company should reflect actual expenditures so the amount of $1,100,000 will be actual expenditure of construction which Alpine Company has determined.

6 0
4 years ago
Tremonti, Inc., is obligated to pay its creditors $9,200 during the year. a. What is the value of the shareholders’ equity if as
miskamm [114]

Answer:

a. Assets equal $10,900, Shareholders' Equity: $1,700

b. Assets equal $8,500, Shareholders' Equity: -$700

The company losses and does not remain Shareholders' Equity

Explanation:

Basing on the balance sheet equation:

Assets = Liabilities + Shareholders' Equity

Shareholders' Equity  = Assets - Liabilities

In Tremonti, Inc., the company is obligated to pay its creditors $9,200 during the year, therefore Liabilities are $9,200

a. Assets equal $10,900

Shareholders' Equity = $10,900 - $9,200 = $1,700

b. Assets equal $8,500

Shareholders' Equity = $8,500 - $9,200 = -$700

The company losses and does not remain Shareholders' Equity

7 0
3 years ago
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