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velikii [3]
3 years ago
15

On April 30, Jemison Engineering receives a special order for a swing set to be delivered to the customer in a month's time. Jem

ison purchases a number of items specifically for the construction of the swing set: lumber, chains, railings and paint. According to the matching concept, when will Jemison Engineering record the cost of those special items as a cost of goods sold expense?
Business
1 answer:
Arte-miy333 [17]3 years ago
3 0

Answer:

When they record the sales revenue related to this special order.

Explanation:

The matching principle of accounting states that you must record revenue and all related COGS at the same time, i.e. when Jamison Engineering records sales revenue, they also must record COGS associated to the sales. Accrual accounting establishes that you cannot record COGS at a prior or later date.

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LLY Corporation is planning to issue a $1,000 face value bond with a maturity of 30 years. The annual coupon rate is expected to
VladimirAG [237]

Answer:

$739.72 ≈  739.72

Explanation:

we can use an excel spreadsheet and the present value function to calculate the expected price of each bond ⇒ =PV(rate,nper,pmt,fv,[type])

  • fv = $1,000
  • pmt = $1,000 x 7.25% x 1/2 = $36.25
  • nper = 60
  • rate = 10% / 2 = 5%
  • present value = ?

=PV(5%,60,36.25,1000) = -739.72 since excel calculates the initial investment, it is always negative, so we just change the sign.

6 0
3 years ago
Jill follows mcgregor's theory y approach to management. she is likely to assume that:
Lena [83]

If Jill engage or follow the theory of mcgregor in terms of approaching management, then she is likely to assume that a worker or an average worker would prefer to be directed in which they would rather to be ordered or consulted directly.

6 0
3 years ago
Europes population fell by 30-60 percent following an outbrake of the bubonic plague, also known as the black death in the fourt
iris [78.8K]

Answer:

The production possibilities curve would have shifted inwards.

Explanation:

A production possibility curve shows the maximum possible bundles of two goods that can be produced in an economy in a given period. A reduction in the availability of resources causes this curve to shift to the left.  

The outbreak of bubonic plague in the 14th century caused the European population to decrease by 30-60%. A decrease in the population implies a decrease in the labor force. This means that the economies will be able to produce less than earlier.  

This will cause the production possibilities curve to shift inwards to the left.

4 0
3 years ago
DiCenta Corporation reported net income of $270,000 in 2020 and had 50,000 shares of common stock outstanding throughout the yea
Stels [109]

Answer:

Explanation:

Basic and diluted Eps

Basic EPS = profit after tax-preference share dividend / w. Avg No.of shares

Basic Eps

Income            270000

Tax 20%          54000

Pat                  216000

Dividend 5*5000  -25000

                191000

W.Avg No. shares 50000

 

Basic EPS 191/50 3.82

Diluted Eps

PAT                                                                                               191000

Add back Dividend of assumed conversion of pref. shares     25000

Total Income                                                                               216000

Total No of share                                                                         60000*

Diluted Eps   216000/60000                                                        3.6

*Common Stock                                                            = 50000

Add Assumed Conversion of Pref. shares = 5000*2 = 10000

Total Shares                                                                   = 60000

8 0
3 years ago
Help I need someone to do this fast I need it by tomorrow
katen-ka-za [31]

\huge\ \red \star\huge{ \green{\bold {\underline {\underline {\orange {Answer}}}}}} \ \purple \star

Good night

5 0
3 years ago
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