Monitoring the performance of the people managing the firm is easiest in the case of:__________

What is the difference between a sole proprietorship and an LLC?

kotegsom [21]

Sole proprietorship is owned by one person. Why LLC is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation

7 0

3 years ago

Assume for the United States that the opportunity cost of each airplane is 50 cars. Which of these pairs of points could be on t

Natasha2012 [34]

Answer: b. (200 airplanes, 12,500 cars) and (150 airplanes, 15,000 cars)

Explanation:

The opportunity cost of an airplane is 50 cars. This means that if the number of planes produced were reduced by 50, the number of cars should increase by:

= 50 * 50

= 2,500 cars.

In option B, the airplanes were 200 and then reduced by 50 to 150. This led to an increase in cars of:

= 15,000 - 12,500

= 2,500 cars

Option B therefore satisfies the constraints and is correct.

5 0

3 years ago

Bourne Incorporated reports a cash balance at the end of the month of $2,445. A comparison of the company's cash records with th

muminat

Answer and Explanation:

The journal entries required to adjust the balance of cash as follows:

1. Cash Dr $1,128

To Notes receivable $1,100

To Interest revenue $28

(Being the cash is recorded)

Here cash is debited as it increased the assets and credited the notes receivable and interest revenue as it decreased the assets and revenue

2. Service expense Dr $78

Account receivable Dr $280

To cash $358

(being the cash paid is recorded)

here service expense and account receivable is debited as it increased the expenses and assets and credited the cash as it decreased the assets

4 0

3 years ago

WP Corporation produces products X, Y, and Z from a single raw material input in a joint production process. Budgeted data for t

mixer [17]

Answer:

yes yes NO ( A )

Explanation:

products X,Y,Z

units produced : X = 1500 , Y = 2000, Z = 3000

per unit sales value at split-off : X = $19, Y = $21, Z = $24

Added processing costs per unit : X = $7, Y = $7.50 , Z = $7

per unit sales value if processed further : X = $29, Y = $29, Z = $30

COST OF JOINT MATERIAL INPUT = $149000

To check for products to be processed further we apply

(unit sales value if processed further - per unit sales value at split-off ) - ( added processing cost )

for product X = $29 - $19 - $7 = $3

for product Y = $29 - $21 - $7.5 = $0.50

for product Z = $30 - $24 - $7 = - $1 ( negative value )

products to be processed beyond the split of point would be : X Y

because Z has a negative contribution margin

4 0

3 years ago

Ahngram Corp. has 1,000 carton of oranges that cost $50 per carton in direct costs and $26.50 per carton in indirect costs and s

snow_tiger [21]

Answer:

It is more convenient to continue processing. Incremental income= 27,000 + 6,500= $33,500

Explanation:

Giving the following information:

Ahngram Corp. has 1,000 cartons of oranges that cost $50 per carton in direct costs and $26.50 per carton in indirect costs and sold for $70 per carton. The oranges can be processed further into orange juice at an additional cost of $22.50 and sold for $126.

To determine whether it is more convenient to sell the cartons as it is or continue processing, we need to calculate the effect on income:

Sell now:

Income= 1,000*(70 - 50 - 26.5)= -$6,500

Continue processing:

We will assume that from 1,000 cartons you can produce 1,000 lt.

Income= 1,000*(126 - 76.5 - 22.5)= $27,000

It is more convenient to continue processing.

4 0

3 years ago

Monitoring the performance of the people managing the firm is easiest in the case of:___________.