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netineya [11]
3 years ago
12

Guaranteed Appliance Co. produces washers and dryers in an assembly-line process. Labor costs incurred during a recent period we

re: corporate executives, $500,000; assembly-line workers, $180,000; security guards, $45,000; and plant supervisor, $110,000. The total of Guaranteed direct labor cost was:
$735,000.
$110,000.
$155,000.
$235,000.
$180,000.
Business
1 answer:
Aleks [24]3 years ago
6 0

Answer:

$180,000.

Explanation:

The Guaranteed direct labor cost to be recognized by the company is the cost of labour incurred directly in the course of production.

From the cost group given, the cost of plant supervisor, corporate executives, and security guards are all indirect cost.

The only direct cost for this company is the assembly-line workers cost at $180,000.

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Company X has 20M shares outstanding at $15 per share. Management has announced a 2 for 1 stock split. What would be the new mar
dlinn [17]

Answer:

$300 million

Explanation:

Data provided in the question

Number of shares outstanding = 20 million

Value per share = $15

So, by considering the above information, the new market cap of the company X is

= Number of shares outstanding × Value per share

= 20 million × $15 per share

= $300 million

To determine the new market cap, we simply multiplied the number of outstanding shares with the per share so that the exact value could come

         

8 0
3 years ago
Which of the following statements help to explain why, in the real world, the Fed cannot precisely control the money supply?
Rainbow [258]

Answer:

The correct answer is option a and c.

Explanation:

The fed cannot control the money supply up to a great extent in the real world. This is because the feds can control the amount of required reserves that a commercial bank holds. But they cannot control the amount of excess reserves that a bank decides to hold which affects the money supply.

At the same time, the feds cannot control the amount of money that the households decide to hold as currency which also affects the money supply.

The amount of excess reserves a bank decides to hold affects the deposit-reserve ratio. While the amount of money that households decide to hold affects the currency deposit ratio. Both of these ratios affect the money supply.

8 0
3 years ago
Lisa Frees and Amelia Ellinger had been operating a catering business for several years. In March 2014, the partners were planni
Marat540 [252]

Answer:

Explanation:

Account Name                            Debit                                                   Credit

Cash                                              $160,000

Accounts Receivable                      $2,000

Equipment                                     $ 18,300

Supplies                                         $1,200

Contributed Capital                                                                               $181,500

a. Received $80,000 cash from each of the two shareholders to form the corporation, in addition to $2,000 in accounts receivable, $5,300 in equipment, a van (equipment) appraised at a fair market value  of $13,000 and $1,200 in supplies.

b. Purchased a vacant store for sale in a good location for $360,000, making a $72,000 cash down payment and signing a 10-year mortgage from a local bank for the rest

Account Name                         Debit                                                    Credit

Building                              $360,000

Cash                                                                                                $ 72,000

 Notes Payable                                                                                $288,000

c. Borrowed $50,000 from the local bank on a 10%, one year note.

Account Name                        Debit                                                  Credit

Cash                                     $50,000

Notes Payable                                                                                  $50,000

d) Purchased and used food and paper supplies costing 10,830 in March; paid cash.

Purchase of Supplies:

Account Name                          Debit                                                Credit

Supplies                                 $10,830

Cash                                                                                                 $10,830

Account Name                         Debit                                                   Credit

Supplies Expense                 $10,830

 Supplies                                                                                              $10,830

e) Catered four parties in March for $4,200; $1,600 was billed and the rest was received in cash.

Account Name                         Debit                                                    Credit

Cash                                         $2,600

Accounts Receivable            $1,600

 Catering Revenue                                                                               $4,200

f. Made and sold food at the retail store for $11,900 cash. (assume the cost of these sales was already recorded as part of transaction d.)

Account Name                              Debit                                               Credit

Cash                                               $11,900

Food Sales Revenue                                                                          $11,900

g. Received a telephone bill for March to be paid in April.

Account Name                                 Debit                                               Credit

Telephone Expense                      $420

Telephone Payable                                                                               $420

h. Paid $363 in gas for the van in March

Account Name                             Debit                                           Credit

Gas Expense                               $363

Cash                                                                                                 $363

i. Paid $6,280 in wages to employees who worked in March.

Account Name                          Debit                                                  Credit

Wages Expense                       $6,280

Cash                                                                                                    $6,280

j. Paid a $300 dividend from the corporation to EACH owner

Account Name                                   Debit                                         Credit

Retained Earnings                              $600

Cash                                                                                                      $600

k. Purchased $50,000 of equipment (refrigerated display cases, cabinets, tables, and chairs) and renovated and decorated the new store for $20,000 (added to the cost of the building); paid cash.

Account Name                       Debit                                                     Credit

Equipment                            $50,000

Building                                 $20,000

Cash                                                                                                     $70,000

2)

a  Cash flow from FINANCING ACTIVITIES

b   Cash flow from INVESTING ACTIVITIES ($72,000) and Non-Cash Investing and Financing Activity ($288,000).

c   Cash flow from FINANCING ACTIVITIES.

d   Non-Cash OPERATING ACTIVITIES.

e   Cash flow from OPERATING ACTIVITIES ($2,600); Non-Cash Operating Activity ($1,600).

f   Cash flow from OPERATING ACTIVITIES

g   Non-Cash OPERATING ACTIVITIES.

h  Cash flow from OPERATING ACTIVITIES.

i   Cash flow from OPERATING ACTIVITIES.

j   Cash flow from FINANCING ACTIVITIES.

k  Cash flow from INVESTING ACTIVITIES

5 0
3 years ago
The economic term that describes the satisfaction that consumers gain from consuming goods and services is
joja [24]

Answer:

utility

Explanation:

5 0
2 years ago
The operating income and the amount of invested assets in each division of Conley Industries are as follows: Operating income In
sergiy2304 [10]

Answer:

A.)

Retail division = 21.95%

Commercial division = 19%

Internet division = 26%

B.) INTERNET DIVISION HAS THE HAS THE HIGHEST RETURN ON INVESTMENT.

Explanation:

- - - - - - - - - - - - operating - - - - - - invested

Retail - - - - - - - 180,000 - - - - - - - 820,000

Commercial - - 81,700 - - - - - - - - 430,000

Internet - - - - - 83,200 - - - - - - - - 320,000

A.)

return on investment ;

Operating income ÷ invested asset

Retail division (180,000 ÷ 820,000) × 100 = 21.95%

Commercial division (81700 ÷ 430000) × 100 = 19%

Internet division (83200 ÷ 320000) × 100 = 26%

B.) Interest division has the most residual income.

3 0
3 years ago
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