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Eddi Din [679]
3 years ago
15

You are writing a report advocating that your company increase its use of social media. Your manager has said several times that

she does not like to mix social media and business. She has pointed out several social-media problems that other companies have created for themselves. Which purpose statement would be best for a report to your manager?
Business
1 answer:
Art [367]3 years ago
5 0

Answer:

Explanation:

Based on the information provided within the question it can be said that the purpose of this report would be mainly to demonstrate how different factors of social media (mostly speed and flexibility) can allow the company to reach a wide audience of young adults that is constantly growing. All of which can be done with a targeted and controlled advertisement message in order to make them aware of the company.

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The relationship between quantity supplied and price is _____
Nataliya [291]

Answer:

I believe it is profit

Explanation:

6 0
3 years ago
How much does it cost to convert a shed into a house?
Firdavs [7]
It take a lot because a house is bigger the a shed
7 0
3 years ago
Ice Cream Corporation uses the weighted-average method in its process costing system. Data concerning the first processing depar
Svetllana [295]

Answer:

Ice Cream Corporation

The cost per equivalent unit for materials for the month in the first processing department is closest to: __________

=  $17.97.

Explanation:

a) Data and Calculations:

                                                                Units    Materials   Conversion

Beginning work in process inventory     900     $13,000        $5,100

Degree of completion                                               75%              20%

 Units started into production              9,600

Total units in production                    10,500

Units completed and transferred       8,500         100%            100%

Ending work in process inventory     2,000           90%              30%

                                                                Units    Materials   Conversion

Beginning work in process inventory     900     $13,000         $5,100

Costs added during the month                         $172,100      $242,100

Total production costs for the month               $185,100    $247,200

Equivalent units of production:

                                                             Units    Materials           Conversion

Units completed and transferred       8,500    8,500 (100%)   8,500 (100%)

Ending work in process inventory     2,000     1,800 (90%)        600 (30%)

Total equivalent units                                      10,300                9,100

Cost per equivalent unit:

                                                           Materials           Conversion

Total production costs                      $185,100           $247,200

Total equivalent units                           10,300                  9,100

Cost per equivalent unit                       $17.97                $27.16

6 0
2 years ago
Aquatic Equipment Corporation decided to switch from the LIFO method of costing inventories to the FIFO method at the beginning
polet [3.4K]

Answer:

a. The balance in retained earnings at the time of the change (beginning of 2021) as it would have been reported if FIFO had been used in prior years is $744,450.

b. Debit Inventory for $53,000; Credit Income tax payable for $18,550; and Credit Retained earnings for $34,450.

Explanation:

Note: There is an error in the date stated in the requirements of the question as they are different from the date in the body of the question. The requirements are therefore restated with the correct date before answering the question as follows:

a. Calculate the balance in retained earnings at the time of the change (beginning of 2021) as it would have been reported if FIFO had been used in prior years.

b. Prepare the journal entry at the beginning of 2021 to record the change in principle.

The explanation of the answer is now given as follows:

a. Calculate the balance in retained earnings at the time of the change (beginning of 2021) as it would have been reported if FIFO had been used in prior years.

The effect of LIFO is to overstate the cost of goods sold and understated the retained earnings.

The balance in retained earnings at the time of the change (beginning of 2021) as it would have been reported if FIFO had been used in prior years can therefore be determined as follows:

Inventory understatement net of tax = $53,000 * (100% - Tax rate) = $53,000 * (100% - 35%) = $34,450

Therefore, we have:

Retained earnings under FIFO = Retained earnings as reported + Inventory understatement net of tax = $710,000 + $34,450 = $744,450

Therefore, the balance in retained earnings at the time of the change (beginning of 2021) as it would have been reported if FIFO had been used in prior years is $744,450.

b. Prepare the journal entry at the beginning of 2021 to record the change in principle.

The journal entry will look as follows:

<u>Details                                                       Debit ($)        Credit ($)    </u>

Inventory                                                    53,000

Income tax payable (53,000 * 35%)                                18,550

Retained earnings                                                            34,450

<u><em>(To record the change in principle.)                                                 </em></u>

7 0
3 years ago
ginnie has an interest-only home equity loan at an annual interest rate of 7%. if her monthly payment is $1,458, how much is the
sergiy2304 [10]

What is Loan Principal Balance
Principal is the initial sum of a loan in the context of borrowing; it can also refer to the balance still owed on a loan. The principal of a $50,000 mortgage, for instance, is $50,000. If you pay down $30,000, the remaining $20,000 is the primary balance. The principal of a loan determines how much interest you pay. The amount of your monthly loan installments is applied to the accrued interest first and only then to the principle when you make a payment. The only method to lower the amount of interest that accrues each month is to reduce the loan's principal.

Main content
$250,000
$1,458 x 12 months = 17,496
17,496 / 0.07 =$249,942

To learn more about Principal Balance
brainly.com/question/12157435
#SPJ4

3 0
2 years ago
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