Answer:
The answer is False
Explanation:
Farm cooperatives have grown over time.
Alicia’s views are similar to symbolic interactionists. Symbolic interactionism is a sociological theory that states that how an individual engages with symbols explain the behavior that they are exhibiting.
This perspective believes that how an individual interacts with other individual in a group explains best the structure that underlies the group itself. We can see that Alicia subscribes to this point-of-view from how she believes that an employee’s understanding of a situation reflects how she or her engages with other members’ of the company.
Answer:
North Pole Company
Special Order:
The effect of accepting the special order on the operating income is:
Net income will increase by $248,500.
Explanation:
a) Data and Calculations:
Per unit costs and selling price:
Normal Special Order
Regular selling price = $100 $90
Direct materials $20 $20
Direct labor $17 17
Variable manufacturing overhead $13 13
Fixed manufacturing overhead $24 0
Variable selling expense $12 3
Fixed selling expense $8 0
Cost of special machine ($10,500/7,000) 1.50
Total relevant cost $54.50
Net income per unit $35.50
Variable selling expense reduced by 75% = $12 * (100 -75%) = $3
Net income will increase by $35.50 * 7,000 = $248,500
Answer:
1. Issued shares of common stock to investors in exchange for $181,000 in cash - Asset (increase) = Liabilities (NA) + Equity (increase)
2. Borrowed $54,000 by issuing bonds - Asset (increase) = Liabilities (increase) + Equity (NA)
3. Purchased delivery trucks for $60,000 cash - Asset (No effect) = Liabilities (NA) + Equity (NA)
4. Received $17,000 from customers for services performed - Asset (increase) = Liabilities (NA) + Equity (increase)
5. Purchased supplies for $5,800 on account - Asset (increase) = Liabilities (increase) + Equity (NA)
6. Paid rent of $4,800 - Asset (decrease) = Liabilities (NA) + Equity (decrease)
7. Performed services on account for $11,000 - Asset (increase) = Liabilities (NA) + Equity (increase)
8. Paid salaries of $29,300 - Asset (decrease) = Liabilities (NA) + Equity (decrease)
9. Paid a dividend of $10,700 to shareholders - Asset (decrease) = Liabilities (NA) + Equity (decrease)
Explanation:
An accounting equation is usually expressed by this formula: Asset = Liabilities + Equity.
- The issued shares of common stock increases Cash (Asset) by $181,000 and also increases Common stock (Equity) by the same amount.
- The bonds payable increases Liabilities by $54,000 and Cash by the same amount.
- The purchase of delivery truck has no effect since there is decrease in Cash and increase in Fixed asset by the same amount - both transactions affect asset.
- The receipt from customers increases Cash and Sales revenue, which ultimately impacts Retained earnings (Equity).
- The purchase of supplies on account means there would be an increase in Supplies (Asset) and increase in accounts payable (Liabilities).
- If the rent paid is not a prepayment, it would be a reduction in Cash (Asset) and increase in Operating expenses (which ultimately affects Equity).
- Services performed on account increases Sales revenue (which invariably impacts Equity) and increases Accounts receivable (Asset).
- Payment of salaries is outflow of Cash (Asset reduced) and increase in Salaries expenses. This reduces the net income by $29,300.
- Dividend of $10,700 causes an outflow of Cash (Asset) and reduction in Retained earnings (Equity).