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2 years ago

The following information is for Ayayai Corporation as of December 31, 2017.

Business

1 answer:

Sergeeva-Olga [200]2 years ago

4 0

Answer:

Flint Corporation current assets section of Balance Sheet

Particulars Amount

Cash ($23,500 + 21,100) 43,600

Less: Restricted for plant expansion 23,500 21,100

Trading Securities 9,700

Accounts receivable 73,300

Less: Allowance for bad debts 3,700 69,600

Interest receivables (19,600*7%*9/12) 1,029

Inventories

Finished goods 33,300

Work in Progress 13,000

Raw materials 59,600

Total Current Assets 186,229

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Smart Services performed $6,000 of services. Their customer paid $1,000 of the amount right away but charged the remaining amoun

Arisa [49]

Answer:

A. Debit Cash $1,000 and Debit Accounts Receivable $5,000 and Credit Fees Income $6,000

Explanation:

When revenue is earned and cash is paid, debit cash and credit revenue. However, when revenue is earned and cash is yet to be paid, debit accounts receivable and credit revenue.

Hence, given that Smart Services performed $6,000 of services. Their customer paid $1,000 of the amount right away but charged the remaining amount.

Entries required are

Debit Cash $1,000

Debit Accounts Receivable $5,000

Credit Fees Income $6,000

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2 years ago

a stock is priced at $45 per share. the stock has earnings per share of $3 and a market capitalization rate of 14%. what is the

yulyashka [42]

Answer: A concept known as Present Value of Growth Opportunities (PVGO) offers analysts a distinct method of appraisal. Given current stock values...

Explanation: Where is PVGO located?

PVGO is the value of a stock minus the earnings-to-cost ratio.

This strategy is predicated on the idea that businesses need to distribute profits to shareholders in the absence of a better use for them, such as investing in projects with a positive Net Present Value (NPV).

What is a stock's PVGO?

The portion of a company's share price that reflects forecasts for future profits growth is known as PVGO. The abbreviation "PVGO" stands for "present value of growth opportunities."

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11 months ago

Because the initial user account created during installation is a member of the Administrators group, it has all of the characte

Reika [66]

Answer:

False

Explanation:

Few of the characteristics of administrator account that a member of administrator group doesn't have is that an administrator account cannot be removed from administrators group, it cannot be locked out/deleted due to incorrect logon attempt and it has a blank password by default.

With this, a member of the administrator group does not have all the characteristics of the administrator account.

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2 years ago

What is the norming stage

gogolik [260]

Norming stages known as forming storming and performing psychologist bruce tuckman who created this memorable phase later added a fifth stage.

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2 years ago

Brilliant Accents Company manufactures and sells three styles of kitchen faucets: Brass, Chrome, and White. Production takes 25,

stepan [7]

Answer:

1. Using the ABC system, for each style of faucet, compute the estimated overhead cost per unit.

Brass = [(30 x $4,900) + (900 x $150)] / 30,000 units = $9.40 per unit

Chrome = [(25 x $4,900) + (1,000 x $150)] / 50,000 units = $5.45 per unit

White = [(40 x $4,900) + (800 x $150)] / 40,000 units = $7.90 per unit

2. Compute the estimated operating profit per unit.

Brass = $40 - $8 - $15 - $9.40 = $7.60

Chrome = $20 - $4 - $3 - $5.45 = $7.55

White = $30 - $8 - $9 - $7.90 = $5.10

Explanation:

cost per setup = $465,500 / 95 = $4,900 per setup hour

cost per inspection = $405,000 / 2,700 = $150 per inspection hour

BRASS CHROME WHITE

Projected sales in units 30,000 50,000 40,000

Per unit data: Selling price $40 $20 $30

Direct materials $8 $4 $8

Direct labor $15 $3 $9

Setup hours 30 25 40

Inspection hours 900 1,000 800

4 0

2 years ago