When figuring out the total amount of debt you are responsible for, you should include

Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted

Reptile [31]

Answer: a.$4,576

Explanation:

Sometimes the cash balance according to the books is not the same as the cash in the bank account and this is due to some transactions not being recorded by either the bank or the firm.

Adjusted cash balance per books = Unadjusted cash balance + Note receivable and interest collected by bank - Bank charge for check printing - NSF Check

= 4,022 + 746 - 28 - 164

= $4,576

3 0

3 years ago

The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below:

Damm [24]

Answer:

Total administrative expense= $317,000

Explanation:

Giving the following information:

The budgeted unit sales:

1st Quarter= 15,000

2nd Quarter= 16,000

3rd Quarter= 14,000

4th Quarter= 13,000

-Variable selling and administrative expense per unit is $2.50.

-Fixed selling and administrative expenses include advertising expenses of $8,000 per quarter

-Executive salaries of $35,000 per quarter

1st Q:

Variable= 2.5*15,000= $37,500

Fixed= 8,000 + 35,000= $43,000

2nd Q:

Variable= 2.5*16,000= $40,000

Fixed= 8,000 + 35,000= $43,000

3rd Q:

Variable= 2.5*14,000= $35,000

Fixed= 8,000 + 35,000= $43,000

4th Q:

Variable= 2.5*13,000= $32,500

Fixed= 8,000 + 35,000= $43,000

Total administrative expense= $317,000

5 0

3 years ago

When a company wants to design a new wireless headset it invited a group of interested users to comment on and try out various p

Paraphin [41]

Answer:

Testing process...?

Would have been better if given options...

5 0

3 years ago

Spartan systems reported total sales of $430,000, at a price of $25 and per unit variable expenses of $16, for the sales of thei

jek_recluse [69]

We are told the company had total sales of $430,000 and sold each product for $25. We can conclude that they sold 17,200 units of their product by dividing 430000 by 25.

As we are selling a single product in the problem's text, and because we told both per-unit contribution margin and net operating income, we have enough information to build a contribution based income statement. In a contribution based (or internal) statement, Revenue - Total Variable Expenses = Contribution Margin and Contribution Margin - Total Fixed Expenses = Operating Income.

$430,000 Total Sales Revenue

(275,200) Total Variable Expenses

$154,800 Total Contribution Margin

(113,000) Total Fixed Expenses

$41,800 Net Income

Think of our above statement as the BEFORE. Now we are going to make the AFTER and increase the volume. Since the selling price is $25 and we sold 17,200 units, we multiply 17,200 times 20% to find the new units sold. 17200 * 20% is 3440 units. We add that to the 17.200 units to find our new sales volume, which is 20,640 units. Since each product sells for $25 each, we can calculate our new contribution margin.

$516,000 Sales Revenue AFTER 20% increase

(330,240) Variable Expenses AFTER 20 % increase; 16 * 20640

$185,760 Contribution Margin AFTER 20% increase

Thus the new contribution margin is $185,760.

3 0

3 years ago

Using the marine corps planning process (mcpp) to produce an operations order (opord) is an example of which level of risk manag

S_A_V [24]

Answer:

Deliberate level of risk management

Explanation:

Risk management can be defined as a process whereby situations or circumstances that can pose or cause risks to a firm or management operations is properly identified.

Risk management also involves taking appropriate measures to prevent such risks from occurring or taking place.

Risk management also involves controlling or mitigating against any for of risks that may occur in the future.

Risk management includes the following steps:

a) Identify the risks

b) Assess the risks

c) Make decisions

d) Place appropriate controls in place

e) Carry out adequate supervision.

Operational Risk Management has 3 levels and they are:

1) Deliberate Risk Management.

2) Time Critical Risk Management.

3) Strategic Risk Management.

In the question above, using the marine corps planning process (mcpp) to produce an operations order (opord) is an example of Deliberate level of risk management.

Deliberate level of risk management can be defined as the risk management level that is carried out or well executed amongst a group of personnels.

It is the level of risk management that is carried out when we are trying to execute or carry out a particular project.

4 0

3 years ago