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RideAnS [48]
3 years ago
9

The following information pertains to Cullumber Company.

Business
1 answer:
AysviL [449]3 years ago
3 0

Answer:

                            Cullumber Company

                             Bank Reconciliation  

                                 August 31, 2022

Cash balance as per bank                             $7,338

Add: Deposit in transit                                    <u>$2,810</u>

                                                                        $10,148

Less: Outstanding checks                              <u>$690   </u>

Adjusted Cash Balance                                 <u>$9,458</u>

Cash balance per books                                $7,374

Add: Electronic fund transfer received         <u>$2,126 </u>

by bank

                                                                        $9,500

Less: Bank service charges                           <u>   $42   </u>

Adjusted Cash balance                                 <u>$9,458</u>

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4 years ago
If romeo wants to encourage more innovation among his​ employees, he should​ __________.
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Romeo could do several things to encourage innovation for example by showing inventions created by other departments of his enterprise or by people in other companies either having the actual item or showing a video of it, and also by rewarding those who come up with new innovations with prizes for example. Of course, innovative ideas or better ways of doing things would also be encouraged.
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3 years ago
Cost classifications For each of the following costs, check the columns that most likely apply (both variable and fixed might ap
Vanyuwa [196]

Answer:

A.     Particular                               Direct   Indirect  Variable Fixed

1      Wages of Assembly                Yes       No         Yes         No

2     Deprecation of plant &            No      Yes         No         Yes

       Machinery  

3      Glue & Thread                          No      No         Yes        No

4      Outbound Shipping Cost         No      Yes         No        Yes

5      Raw Material Handling Cost    Yes     No         Yes        No

6 Salary Of Public Relations        No     Yes         No        Yes

       manager

7      Production Run Setup Costs     Yes    No        Yes        No

8      Plant Utilities                              Yes    No        Yes        No

9      Electricity cost of retail stores   No    Yes        Yes        No

10     Research and development      No    Yes         No       Yes

        expense

B. Product-Costing

i. Manufacturing Cost Per Machine Hour = Total Manufacturing overhead / Total Machine Hours

Manufacturing Cost Per Machine Hour = 359,520.00  / 21,400.00

Manufacturing Cost Per Machine Hour = 16.80

ii.  Particular                    Amount

Raw Material                     $6,240

Direct Labor Cost              <u>$9,165</u>

                                          $15,405

Manufacturing overhead  $13,104

(780 hours* $16.80)           <u>              </u>

Total Cost of 3900 Hats  <u>$28509</u>

Thus, the Cost of One hat = $28509 / 3900 hat = $7.31 per hat

iii. Total Hats made During the Month Of April    3,900

    Less: Closing Inventory                                     <u>1,050</u>  

    Sold During the month of April                       <u>2,850</u>

    Cost Of Hats Sold During the month of April  

    = 2,850 * $7.31

    = $20,833.5

Cost of Closing Stock (1,050 hat)  = 1,050 hat * $7.31 = 7675.5

8 0
3 years ago
Consider the following three items: CQ, EI, and AP = PP + S – T. How might you to achieve improved outcomes for groups that have
il63 [147K]

Answer:

How to achieve improved outcomes for groups that have specific set of objectives focusing on how the concepts can be used to make a difference across the group

  • making each member of the group understand each other emotionally and their ways of performing tasks
  • making each member of the group understand their importance in the entire production process
  • making the group members aware about the importance of optimum utilization of resources and avoid wasting resources  while working
  • making the group understand the possibility of achieving good performance by eliminating work threats
  • making the group understand the organization's structure therefore it makes the group culturally intelligent

How you can improve positive influences and especially preempt or limit negative sentiments

  • increasing the dependency culture among each other so they learn to work with each other in harmony.
  • creating friendly relationships between employees and also between employees and employer
  • making the employees understand and practice proper organizational culture so that they can work judiciously following the organizational structure

Explanation:

Note :

CQ = cultural intelligence

EI = emotional intelligence

AP = actual productivity

PP = potential productivity

S = synergy

T = performance threats

How to achieve improved outcomes for groups that have specific set of objectives focusing on how the concepts can be used to make a difference across the group

  • making each member of the group understand each other emotionally and their ways of performing tasks
  • making each member of the group understand their importance in the entire production process
  • making the group members aware about the importance of optimum utilization of resources and avoid wasting resources  while working
  • making the group understand the possibility of achieving good performance by eliminating work threats
  • making the group understand the organization's structure therefore it makes the group culturally intelligent

How you can improve positive influences and especially preempt or limit negative sentiments

  • increasing the dependency culture among each other so they learn to work with each other in harmony.
  • creating friendly relationships between employees and also between employees and employer
  • making the employees understand and practice proper organizational culture so that they can work judiciously following the organizational structure
5 0
3 years ago
Kosher Pickle Company acquires all the outstanding stock of Midwest Produce for $19 million. The fair value of Midwest's assets
shutvik [7]

Answer:

$7.2 million

Explanation:

For computing the amount paid for the goodwill, first we have to calculate the fair value of the net asset which is shown below:

The fair value of net asset = Fair value of Midwest's assets - fair value of Midwest's liabilities

= $14.3 million - $2.5 million

= $11.8 million

And, the acquisition price of the outstanding stock is $19 million

So, the goodwill would be  

= $19 million - $11.8 million  

= $7.2 million

4 0
3 years ago
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