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stira [4]
3 years ago
5

The following are the transactions of Spotlighter, Inc., for the month of January. a.Borrowed $3,940 from a local bank on a note

due in six months. b.Received $4,630 cash from investors and issued common stock to them. c.Purchased $1000 in equipment, paying $200 cash and promising the rest on a note due in one year. d.Paid $300 cash for supplies. e.Bought and received $700 of supplies on account. Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero.
Business
1 answer:
natali 33 [55]3 years ago
6 0

Answer:

Explanation:

Cash                                                                          Supplies

Beg. Bal.                                Beg. Bal.  

Notes Payable 3940    Cash         300  

Contributed capital 4630            Accounts Payable 700  

Equipment                200      

Supplies                        300      End. Bal. 1000  

End. Bal.        8070        

                                                                   Accounts Payable

                                                                 

                                                                  Contributed Capital

Equipment                                      Beg. Bal.    

Beg. Bal.                         Supplies                 700  

Cash               200        

Notes Payable     800                              End. Bal.                  700  

End. Bal.            1000  

Notes Payable                                   Beg. Bal.    

Beg. Bal.                             Cash                 4630

Cash                    3940      

Equipment             800      

                                                                    End. Bal.                    4630

End. Bal.                    4740    

Trial Balance      

                                                      Debit             Credit      

Cash                                      8070        

Supplies                                      1000        

Equipment                              1000        

Accounts Payable                                                      700      

Notes Payable                                                      4740      

Contributed Capital                                              4630      

Total                                        10070                      10070    

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A market orientation refers to:__________
attashe74 [19]

Answer:

The answer is D) A market orientation refers to the orientation of an organization that focuses its efforts on continuously collecting information about customers' needs, sharing this information across departments, and using it to create customer value.

Explanation:

The philosophy of market orientation is concerned with crating value that meets the needs of customers.

A company that applies market orientation in their approach and processes seeks ways to identify the needs of customers, they study these wants, find our how well their competitors are meeting them and then create innovative value with a competitive edge that will sell easily.

The design and packaging of these customer orientated goods and services is meant to be cost effective for the sake of maximizing profit.

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3 years ago
When a company performs an activity quite well and that activity is central to its strategy and competitiveness?
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5 0
3 years ago
Mentor Corp. has provided the following information for the current year: Units produced 3,500 units Sale price $ 200 per unit D
weqwewe [10]

Answer:

Hence, the unit product cost using absorption costing is $318

Explanation:

For computing the unit product cost, the following things is need to be considered.

1. Direct material = Production units ×  per unit material price

                           = 3,500 × $70

                           =$245,000

2. Direct labor = Production units × per unit labor price

                        = 3,500 × $55

                        = $192,500

3. Variable manufacturing overhead = Production units × per unit variable manufacturing price

                                                             = 3,500 × 20

                                                             = 70,000

4. Fixed manufacturing overhead = $350,000

6. Variable selling and administrative cost = Production units × per unit varaible selling price

= 3,500 × 30

= $105,000

7. Fixed selling and administrative costs = $150,000

Now add these all items and divide by number of units.

So, total cost is equal to

= $245,000 + $192,500 + $70,000 + $350,000 + $105,000 + $150,000

= $1,112,500

And, units produced is = 3,500 units

So, unit product cost = Total cost ÷ units produced

                                   = $1,112,500 ÷ 3,500

                                   = $318

Hence, the unit product cost using absorption costing is $318

7 0
3 years ago
Swift Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by
Simora [160]

Answer: 25%

Explanation:

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Annual Income

Annual revenues of $133,500

Annual expenses of $76,000

Annual Income = Revenues - Expenses

Annual Income = $57,500

Average Investment

Calculated by dividing the Addition of the beginning and ending (salvage value) Investment figure by 2.

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Annual Rate of return is therefore,

= 57,500/230,000

= 0.25

= 25%

5 0
3 years ago
What is drill-down capability?a. Involves the aggregation of information and features simple roll-ups to complex groupings of in
MissTica

Answer:

The answer is C.

Explanation: Drill-down capability refers to the capability necessary to achieve a goal such as a desired level of output. It enables users to get details, and details of details, of information, and it also involves the aggregation of information and features simple roll-ups to information that are complex and interrelated.

What this means is that, Drill down is a capability that takes the person who needs information from a more general view of the data to a view that is more specific and precise. For example, when there is a report that shows sales revenue by state can allow the user to select a specific state, click on it and see sales revenue by county or city within that particular selected state.

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