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3 years ago

Larned Corporation recorded the following transactions for the just completed month.

Business

1 answer:

aksik [14]3 years ago

3 0

Answer:Please see answers in explanation column

Explanation:

Journal entries for Larned Corporation transactions for the just completed month.

a)To record purchase raw material

Account titles Debit Credit

Raw materials inventory $80,000

Accounts payable $80,000

b To record raw material used

Work in process inventory $62,000

Manufacturing overhead $9,000

Raw materials inventory $71,000

C) To record labor paid

Work in process inventory $101,000

Manufacturing overhead $11,000

Cash $112,000

d To record manufacturing overhead

Manufacturing overhead $175,000

Accumulated depreciation-Equipment $175,000

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My boss does not get the technical aspect of the job my group is trying to complete. I understand the intricacies of the project

Setler79 [48]

The given situation is called as “Expectation Management”

Explanation: 

"The management of expectations is one of the most powerful weaponry in psychological warfare. In managing expectations people instinctively disregard other people's thoughts and then use the technique intentionally, considering own ideas as they reveal them to other people."

The manager knows just well the essence of your venture, his point of view is a little different from yours and you have to understand his point of view (or even more) because he wants to comprehend yours.

Therefore, the manager is less involved in the execution and the technical aspects of operation than can the performance and how it works to meet its organizational goals. And that's how you should refer to the manager. Clearly, your ability to provide is limited, depending on how many hours you work every day.

Any requests he makes, create scope, calculate the cost (how fast), and ask him to give priority to other demands. On this basis, you can determine when you can provide what.

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3 years ago

You must pick one of two wagers, for an outcome based on flipping a fair coin. 1. You win $440 if it comes up heads and lose

UkoKoshka [18]

Answer:

See Below

Explanation:

Expected value is the sum of the products of the probability and payoff of each.

Wager 1:

probability of heads and tails, both is 0.5

Win = 440

Loose = 110

So,

Expected Value = 440(0.5) + (-110)(0.5) = 220 - 55 = $165

Wager 2:

Similar to wager 1

Win = 770

Loose = 220

So,

Expected value = 770(0.5) + (-220)(0.5) = 385 - 110 = $275

2nd wager is better, in this sense.

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3 years ago

Blue Spruce Corp. started the year with total assets of $304000 and total liabilities of $244000. During the year the business r

erma4kov [3.2K]

Answer:

$305,000

Explanation:

Net income is the amount of money available to a company after the deduction of expenses from revenue. It is calculated as;

Net income = Revenues - Expenses

Given that;

Revenues = $630,000

Expenses = $325,000

Net income = $630,000 - $325,000

Net income = $305,000

Therefore the net income reported by Blue Spruce Corp. For the year is $305,000

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3 years ago

Janes, Inc., is considering the purchase of a machine that would cost $410,000 and would last for 5 years, at the end of which,

ki77a [65]

Answer:

- $33,678.21

Explanation:

Cash flow Summary of the Project will be as follows

Year 0 = $410,000 + $3,000 = - $413,000

Year 1 = $101,000

Year 2 = $101,000

Year 3 = $101,000

Year 4 = $101,000

Year 5 = $101,000 + $41,000 + 3,000 = $145,000

So the Net Present Value can now be calculated using the CFj function of a Financial calculator as follows :

- $413,000 CF 0

$101,000 CF 1

$101,000 CF 2

$101,000 CF 3

$101,000 CF 4

$145,000 CF 5

i/yr = 13%

Shift NPV = - $33,678.21

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3 years ago

Ben is saving 1/5 of his weekly pay to buy a car Write and solve an equation to find what weekly pay w results in savings of $61

creativ13 [48]

Answer: X=$307.50

Given:

Ben’s savings weekly = $61.50

It is 1/5 or 20% of his weekly savings

To find Ben’s weekly pay in $

Let X= Ben’s weekly pay in $

To solve, we use the equation

1/5X=61.50

.20X=61.50

X=61.50/.20

X=$307.50

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3 years ago