1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
TiliK225 [7]
3 years ago
7

The Rockies Division operates as a profit center. It reports the following for the year. Budgeted Actual Sales $1,969,700 $1,829

,300 Variable costs 805,200 755,400 Controllable fixed costs 557,000 557,000 Noncontrollable fixed costs 257,900 257,900 Prepare a responsibility report for the Rockies Division at December 31, 2017.
Business
1 answer:
Eduardwww [97]3 years ago
6 0

Answer:

IMPORTANT NOTE: The data of the calculation was obtained from an online research.

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Download xlsx
You might be interested in
Streep Factory provides a 2-year warranty with one of its products which was first sold in 2017. Streep sold $1,000,000 of produ
Brut [27]

Answer:

accounts receivable   1,000,000 debit

   sales revenues                       1,000,000 credit

------------------------------

warrant  expense    125,000 debit

        warrant liability              125,000 credit

-----------------------------

warranty liability       70,000 debit

             Inventory                       70,000 credit

Explanation:

The sales will be recorded as usual

Then we will recognize based on the company's expectation a warrant liability for 125,000 and a warrant expense for the same value

When the customer claims the warrant we will decrease the liaibility and also inventory as we are replacing the good so it is inventory account which decreases.

The reason why we do this treatment is to avoid charging expenses for the 2017 sales i nthe subsequent period (2019 and 2019) which vilates the matching principles.

4 0
3 years ago
Reagan is a new HR manager for a large company. She is concerned about the number of employees leaving the company and the lack
Kamila [148]

Answer:

The correct word for the blank space is: attrition.

Explanation:

Attrition is a state in which individuals are motivated to look for environments that match their personal values. If those individuals are in environments that are not related to their ethical behavior or that grants poorly a level of morality desired, they simply leave.  

<em>The person-organization values congruence supports these actions with the excuse to minimize internal role conflict.</em>

8 0
3 years ago
Tedd E. Bear has an annual salary of $48,000 with no other loans outstanding. Using the 25% guideline from class and with a 20%
Kobotan [32]

Answer:

The total loan value would be of $261,825

Explanation:

In order to calculate how expensive of a home can Tedd purchase using a 4%, 30 year mortgage we would have to calculate first the amount of annual payments as follows:

amount of annual payments = $48,000*0.25 = $12,000

PMT = 12,000/12 = 1000

FV = 0

rate = 4%/12

N = 30*12

Hence, use FV function in Excel  amount after down payment = $209,461.24

this represents 80% of the loan , so total loan value = $209,461.24/0.8 = $261,825

The total loan value would be of $261,825

3 0
3 years ago
A formal written statement of management's plans for the future, expressed in financial terms, is a a.budget b.gross profit repo
Yanka [14]

Answer:

a.budget

Explanation:

The budget refers to the estimation of the revenues earned and expenses incurred so that the company could able to take the decisions according to that.

It also a formal and written statement that shows the management plans for the upcoming future i.e to be expressed in a numerical term or we can say in financial terms

Hence, the correct option is a. budget

3 0
3 years ago
Company G takes advantage of the Internet and flexible manufacturing to create products that vary depending on the market it is
fiasKO [112]

Answer:  localization

Explanation: In simple words, localization refers to the prices in which a commodity is made in such a way that it matches with the taste and preference of local consumers that are actually targeted by the company.

            Localization helps a firm to sell its product by making individuals feel connected to the product on cultural basis. Localization instantly makes the customer feel that the offered product can be used in his or her daily life.

       Food chains like McDonald and subway providing extra spicy products in their menus in amaretto of India is a prime example of localization.

6 0
3 years ago
Other questions:
  • ToughBuilders Corp., a construction company, finishes the construction of a house two days after the contract called for its com
    12·1 answer
  • Papa Roach Exterminators, Inc., has sales of $659,000, costs of $345,000, depreciation expense of $45,000, interest expense of $
    14·1 answer
  • Green Landscaping Inc. is preparing its budget for the first quarter of 2020. The next step in the budgeting process is to prepa
    13·1 answer
  • "________ refers to the use of key performance indicators to monitor performance of the entire supply chain, including sourcing,
    8·1 answer
  • Diversion is the act of acquiring a product or service by means of:
    14·1 answer
  • John, who has just completed his first finance course, is unsure whether he should take a course in business analysis and valuat
    9·1 answer
  • Recording Transactions Affecting Stockholders’ Equity
    8·1 answer
  • Both Eden's company and SAS have cultures that reflect their environments. _______ theory explains this by saying that effective
    11·1 answer
  • Call to actions are used in ads to...
    14·1 answer
  • Describe the three steps in qualitative data analysis and explain how and why these steps are iterative.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!