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Solnce55 [7]
4 years ago
15

Apex Systems Co. offers its services to residents in the Seattle area. Selected accounts from the ledger of Apex Systems Co. for

the fiscal year ended December 31, 2016, are as follows:
Bart Nesbit, Capital

Dec. 31 91,200 Jan. 1 (2016) 1,340,000

Dec. 31 356,000

Bart Nesbit, Drawing

Mar. 31 22,800 Dec. 31 91,200

June 30 22,800

Sept. 30 22,800

Dec. 31 22,800

Income Summary

Dec. 31 1,437,000 Dec. 31 1,793,000

Dec. 31 356,000


Prepare a statement of owner’s equity for the year. No additional investments were made during the year. If a net loss has been incurred or there has been a decrease in owner’s equity, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries.
Business
1 answer:
AfilCa [17]4 years ago
6 0

Answer:

Explanation:

The preparation of the statement of stockholders' equity at the end of the year is presented below:

                                          Apex Systems Co.

                             Statement of stockholders' equity  

                            For the fiscal year ended December 31, 2016

Particulars                  Common Stock          

Beginning

Balance                      $1,340,000

Add: Net income       $356,000    

Less:

Bart Nesbit, Drawing  -$91,200

Ending balance          $1,604,800                

                       

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At an activity level of 9,300 machine-hours in a month, Curt Corporation's total variable production engineering cost is $766,32
rewona [7]

Answer:

$102.3 per machine hour

Explanation:

We can compute the total production engineering cost per hour by using the following equation;

Cost per machine hour = (Fixed cost + Variable cost) / Total machine hours

But first, we need to calculate variable cost at 9,600 hours;

= $766,320 × 9,600hr / 9,300hr

= $791,040

Now, cost per machine hour

= $191,040 + $791,040 / 9,600hr

= $982,040 / 9,600hr

= $102.3 per machine hour

5 0
3 years ago
To set its sales force​ size, a company can first group accounts into different classes according to​ size, account​ status, or
solmaris [256]

Answer: Workload

Explanation:

The workload approach is one of the type of method that set the size of the sales force and also helps to reduce the complexity.

  • It higher the volume of the products for establish the practice between the customers and manufacturing the products.
  • The workload approach mainly focus on the various types of management issue such as marketing communication, market sharing goals and the pricing and the investment.  

Therefore, Workload approach is the correct answer.

3 0
3 years ago
The FINRA suitability rule requires all of the following EXCEPT: A Before a product or strategy can be recommended, a reasonable
Soloha48 [4]

Answer: D. Before a product or strategy can be recommended, the registered representative must understand and be able protect the client against the product's inherent risks

Explanation:

There are some reviews with regards to FINRA suitability determinations whihc include:

• Reasonable Basis Suitability: This implies that after there has been a review of the returns, risks and costs of a product, the ones that has the best combination should be recommended.

Also, before a product can be recommended to a customer, the customer must be able to meet the financial commitment. The statement that "Before a product or strategy can be recommended, the registered representative must understand and be able protect the client against the product's inherent risks" is incorrect.

5 0
3 years ago
Breyer's introduced for sale a new line of ice cream flavors in elegant black containers. This was done on a limited scale to de
Archy [21]

Answer: market testing      

                                     

Explanation: In simple words, market testing refers to the process in which a product is tested in real situation with actual potential customers before introducing it to the market. Market testing is usually done for the purpose of detecting problem so that appropriate changes could be made in the product.

In the given case, the company introduced its ice cream to only few numbers of customers to evaluate their reactions.

Hence that were at market testing stage

7 0
4 years ago
Suppose you invest in 100 shares of Harley-Davidson at $60 per share and 300 shares of Yahoo at $25 per share. Over the next yea
Alexxx [7]

Answer:

(a) $0 (b) 0% (c) 50% (d) -40% (e) 0.444 and 0.556 (f) -0.05

Explanation:

(a) Profit (in $) = (increase in price per share of Harley-Davidson * number of Harley-Davidson shares held) - (decrease in price per share of Yahoo * number of Yahoo shares held)

= $90 - $60 = $30 increase in Harley Davidson and $25 - $15 =$10 decrease in Yahoo

= ($30*100) - ($10*300) = $0

(b) return on portfolio = return/capital invested * 100 = $0/($60 * 100 + $25 * 300) = $0/$13500 = 0%

(c) return on investment in Harley = return/capital invested in Harley * 100 = $30*100/$60*1000 = $3000/$6000 = 50%

(d) return on investment in Yahoo = return/capital invested in Yahoo * 100 = -$10*300/$25*300 = -$3000/$7500 = - 40% (negative rate of return)

(e) Weighting at the beginning of year (in decimals)

Harley Davidson = $60 * 100 units/ total invested ($60 * 100 + $25 * 300)

                            = $6000/$13500 = 0.444

Yahoo = $25 * 300 units/ total invested

           = $7500/$13500 = 0.556

(f) realized returns (as a decimal) of the portfolio = 0.444*50% + 0.556*-40%

                                                                                 = -0.0493728

                                                                                 = - 0.05 (to decimal places)

3 0
3 years ago
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