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Andreyy89
3 years ago
12

Match the word or phrase with the best description of it. (a) select the correct word or phrase An expression about whether fina

ncial statements conform with generally accepted accounting principles. (b) select the correct word or phrase A business that raises money by issuing shares of stock. (c) select the correct word or phrase The portion of stockholders’ equity that results from receiving cash from investors. (d) select the correct word or phrase Obligations to suppliers of goods. (e) select the correct word or phrase Amounts due from customers. (f) select the correct word or phrase A party to whom a business owes money. (g) select the correct word or phrase A party that invests in common stock. (h) select the correct word or phrase A business that is owned jointly by two or more individuals but does not issue stock.
Business
1 answer:
max2010maxim [7]3 years ago
6 0

Answer:

a. Auditor's opinion

b. Corporation

c. Common Stock

d. Accounts Payable

e. Accounts Receivable

f. Creditor

g. Stockholder

h. Partnership

Explanation:

a. Auditor's opinion reflects whether the financial statements conform to the generally accepted accounting principles or not.

b. A corporation is a business that raises funds by issuing shares of stock. The party who purchase these stocks are called stockholders.

c. The portion of stockholders’ equity that results from receiving cash from investors is called common stock.

d. Accounts payable is the obligations that need to be paid by the business.

e. Accounts receivable is the amount that the business is yet to get from the customers.

f. The creditor is a party that provides funds to businesses. The business owes money to creditors.

g. A party that invests in or purchases stocks is called a stockholder.

h. A business that is owned by two or more individuals but does not issue the stock for funding is called a partnership.

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The perpetual equivalent annual cost is - $35013

<h3 /><h3>The perpetual annual cost calculation</h3>

interest i = 10%

Period = n = 7 years

Formula

A/F = i/(1+i)^n-1

= 0.1/(1+0.1)^7-1

= 0.1054

The perpetual annual cost

= -250000*0.1-95000(0.1054)

= -25000-10013

= - 35013

Therefore the perpetual equivalent annual cost is   $35013

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A lifeguard in Florida was fired for leaving his assigned zone because he opted to help a drowning man, even though his supervis
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Answer: <em>Post-conventional level of moral development</em>

Explanation:

Under this level an individuals sense of morality or moral sense is referred to as or defined in words of abstract values and principles. Individuals now tend to believe that few rule and laws are completely unjust and therefore should be eliminated or changed. This level is further marked by a thorough and growing realization i.e. an individuals is a separate entity from the society and thus that individual may tend to disobey the rules which might be inconsistent with his/her own principles.

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3 years ago
. Zoe Corporation has the following information for the month of March: Purchases $ 92,000 Materials inventory, March 1 6,000 Ma
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Answer:

1. Cost of goods manufactured = $150,500

2. Net income = $36,500

3. Total Inventory = $61,500

Explanation:

Requirement 1

                   Zoe Corporation

Schedule of cost of goods manufactured

     For the month ended March 31

Direct Materials:

Beginning Materials inventory             $6,000

Add: Raw materials purchases         <u>    92,000</u>

Raw materials available for use          $98,000

<u>Less: Ending Raw Materials                    8,000</u>

Direct materials used                          $90,000    

<u>Direct Labor                                           25,000</u>

Prime Cost                                          $115,000

<u>Factory overhead                                   37,000</u>

Total manufacturing cost                 $152,000

Add: Work in process, March 1              22,000

<u>Less: Work in process, March 31          (23,500)</u>

Cost of goods manufactured           $150,500

Requirement 2

                        Zoe Corporation

Income Statement for manufacturing company

            For the month ended March 31

Sales revenue                                                                $257,000

<em>Less: Cost of goods sold</em>

Beginning finished goods inventory           $   21,000

Add: Cost of goods manufactured (Req.1)   <u>  150,500</u>

<em>Finished goods available for sale                   171,500</em>

Less: Ending finished goods inventory     <u>     (30,000)</u>

<u>Cost of goods sold                                                            141,500</u>

Gross Profit                                                                     $115,500

<u>Less: Sales and administrative expenses                         79,000</u>

Net operating Income                                                    $36,500

Requirement 3

                        Zoe Corporation

                          Balance Sheet

                          As at March 31

Inventory:

Materials                           $8,000

Work-in-process               23,500

<u>Finished goods                 30,000</u>

Total Inventory                $61,500

Inventory consists of all the ending materials, ending work-in-process, and ending finished goods. All the ending items need to be shown in the balance sheet because those inventories will remain at hand at the end of the period.

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Answer:

6.12%

Explanation:

Calculation for How does our decision depend on the interest rate at which we can invest our funds

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Present value = 2940

Future value = Present value+Present Value*Numver of month* Rate of interest/ 100

3000 = 2940+2940*4/12*R/100

60 = 2940*4/12*R/100

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180/2940 = R/100

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Therefore How does our decision depend on the interest rate at which we can invest our funds is 6.1224

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3 years ago
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