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3 years ago

9

The Government and Public Administration Career Cluster includes careers involving which of the following? Travel and tourism Co

nsumer services Foreign service Human resources management

1 answer:

Artyom0805 [142]3 years ago

3 0

Answer:

Human Resources Management

Explanation:

You might be interested in

What would be the purchase price for a $5,000, 91-day T-bill paying 3% interest?

Nat2105 [25]

Well, you just need to find it using this formula :

5,000 x [100 % - (3% x 91/365)]

= 5,000 x [ 100 % - 0.007479]

= 5,000 x 99.992521

= $ 4,962.50 >>> rounded

Hope this help

3 0

3 years ago

Read 2 more answers

The Banks Company sold merchandise on account for $35,000 with terms 2/10, n/30. The cost of merchandise sold was $27,600. If th

SVEN [57.7K]

Answer:

The answer is: D) $34,300

Explanation:

The selling price was $35,000 with terms 2/10, n/30. This means that if the buyer pays their bill before the ten days period, they will get a 2% discount. If the buyer pays the bill after the ten days period but before thirty days, they will pay the full amount.

Since the buyer paid before the ten days period they will get a 2% discount. The total cash received by Banks Company was $35,000 x 98% = $34,300

8 0

3 years ago

On January 1, Year 1. a company issues $100.000 of 8% bonds maturing in 10 years when the market rate of interest is 9%. The bon

Margarita [4]

Answer:

b) The company will incur a loss

Explanation:

The market rate at the time of issue = 9%, while coupon rate = 8%, it says bonds provide lesser return when compared to the market rate.

At end of year 2 market rate drops to 6% which is lower than the Bond's coupon rate. Which means the bond's providing high return when compared to the market. So, company to retire the bonds need to pay more than the par value.

As company should retire these bonds more than par value, the company incur a loss.

Option 'B is correct

The company incur a loss

5 0

3 years ago

The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below.Accounts Debit CreditCash $1

zepelin [54]

Answer:

These can be prepared as shown below:

Explanation:

1. Prepare a statement of stockholder equity for the year ends December 31, 2018, assuming no common stock was issued during 2018.

To do this, the income statement is first prepared by ignoring tax as follows:

Fightin' Blue Hens Corporation

Income Statement

for the year ended December 31, 2018.

Details $

Service Revenue 300,000

Salaries Expense (200,000)

Rent Expense (10,000)

Depreciation Expense (20,000)

Interest Expense <u> (3,000) </u>

Earnings for the year <u> 67,000 </u>

Therefore, we have:

Fightin' Blue Hens Corporation

Statement of Stockholder Equity

for the year ends December 31, 2018

Details $

Common stock 100,000

Retained Earnings 40,000

Earnings for the year <u> 67,000</u>

Stockholder Equity <u> 207,000 </u>

2. Prepare a classified balance sheet as of December 31, 2018.

A balance sheet is a balance sheet that have different classifications suchas fixed assets, current assets and liabilities, long-term liabilities, and stockholder equity. This can be prepared as follows:

Fightin' Blue Hens Corporation

Classified Balance Sheet

for the year ends December 31, 2018

Details $ $

<u>Fixed Assets</u>

Equipment 200,000

Accumulated Depreciation <u> (115,000) </u>

Net Fixed Assets 85,000

<u>Current Assets</u>

Cash 10,000

Accounts Receivable 130,000

Prepaid Rent 4,000

Supplies <u> 20,000 </u>

Total current assets 164,000

<u>Current Liabilities</u>

Accounts Payable (10,000)

Salaries Payable (9,000)

Interest Payable <u> (3,000) </u>

Working capital 142,000

<u>Long-term Liabilities</u>

Notes Payable (due in two years) <u> (20,000) </u>

Net Total Assets <u> 207,000</u>

Financed by:

Common stock 100,000

Retained Earnings 40,000

Earnings for the year <u> 67,000</u>

Stockholder Equity <u> 207,000 </u>

Note: When a balance sheet is accurately prepared, the net total assets and the stockholder equity must be equal as above with both equaling $207,000.

6 0

3 years ago

Shannon Corporation manufactures custom cabinets for kitchens. It uses a normal costing system with two direct cost categories:

adelina 88 [10]

Answer:

please find the answers below

Explanation:

Shannon corporation:

The inventory cycle of is composed of 3 phases:

1. Ordering / purchases

2. Production

3. Finished good / sales

The ordering phase is when the company orders goods and the time it takes to receive the raw materials.

The production phase is the work in process phase when the raw materials are converted into finished goods.

The finished goods/ sales phase is the time it takes to sell the goods that were manufactured.

Journal entries in a manufacturing company are used to record transactions. Adjusting journal entries are used to recognize costs and revenues in the correct period.

Dr Work – In - process $75, 000

Cr Inventory- Direct materials $$75, 000

Recording actual direct materials used

Dr Wages Payroll $55, 500

Cr Cash /Bank $55, 500

Recording direct labor wages incurred

Dr Manufacturing overhead $3, 500

Cr Inventory- Indirect materials $3, 500

Recording the cost of indirect materials incurred

Dr Manufacturing overhead $49, 000

Cr Cash/ Bank $49, 000

Recording wages payable to supervisor and engineer

Dr Manufacturing overhead $13, 000

Cr Cash/ Bank $13, 000

Plant utilities and repairs taken to manufacturing overhead

Dr Manufacturing overhead $11, 000

Cr Accumulated depreciation – plant $11, 000

Record depreciation on factory plant

Dr Finished goods $190, 000

Cr Work – In – Process $190, 000

Record of jobs completed (cost of goods manufactured)

Dr Work – in – process $76, 500

Cr Manufacturing overhead $76, 500

Record overhead applied to production

[$3, 500 + $49, 000 + $13, 000 + $11, 000 = $76, 500]

Dr Cost of goods sold $145, 000

Cr finished goods $145, 000

Record cost of jobs or goods completed and sold

8 0

3 years ago