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Alik [6]
3 years ago
11

A broker received a very high offer on a piece of property from a buyer. Bill makes a low offer through a "dummy" purchaser, or

an accomplice who is not a buyer at all. Bill then sells the property to the buyer for the higher price, with the difference being profit. What's the violation?
Business
1 answer:
Semenov [28]3 years ago
5 0

Answer:

Secret Profit

Explanation:

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Tyler Tooling Company uses a job order cost system with overhead applied to products on the basis of machine hours. For the upco
inessss [21]

Answer:

<u>Over Applied Overhead      = $ 4000</u>

Actual Manufacturing Overhead = $45,000

Manufacturing Overhead Applied = $ 49,000

Explanation:

                                          Job 101        Job 102        Job 103

Total Direct materials      $ 19,200     $ 14,400       $ 9,600       $ 43,200

Direct labor                    $ 28,800       $ 11,200        $ 9,600      $ 49,600

Machine hours              1,000 hrs        4,000 hrs      2,000 hrs   7,000 hours

<u>Manufacturing overhead   $ 7000       $ 28,000      14,000 </u>

<u>Total                                $ 55,000         53,600        33,200</u>

Actual overhead costs recorded during the first month of operations totaled $45,000.

<u>Journal Entries </u>

<u>Sr. No                    Particulars                 Debit                   Credit</u>

Job 102              Finished Goods           53,600

                           Work In Process                                     53,600

A journal entry showing the transfer of Job 102 into Finished Goods Inventory upon its completion.

Job 101                Sales                         60,000

                        Cost Of Goods Sold                              60,000

Journal entries to recognize the sales revenue and cost of goods sold for Job 101.

Job 101              Cost of Goods Sold        55,000

                          Finished Goods Inventory                  55,000

Manufacturing Overhead Applied =   $ 7000 + $ 28,000+14,000 = $ 49,000

Job 101 = 1000/60,000 * $ 420,000= $ 7000

Job 102 = 4000/60,000 * $ 420,000= $ 28000

Job 103 = 2000/60,000 * $ 420,000= $ 14000

Actual Manufacturing Overhead = $45,000

<u>Over Applied Overhead      = $ 4000</u>

                                   

      Manufacturing Overhead  Accounts $ 4000  debit                  

              Cost of Goods Sold          $ 4000 Credit

Entry to transfer the balance of the Manufacturing Overhead account to Cost of Goods Sold.

(Entry to reduce the amount of Over applied Overhead)                                

                         

6 0
3 years ago
Smartphone applications are developed by _____.
kenny6666 [7]
Well, smartphone applications are developed by 1. manufacturers of the handheld device, 2. <span>third-party software developers and finally by </span><span>operators of the communications network on which they operate. </span>
6 0
3 years ago
Parker had just graduated from Howard University in Washington, DC at the top of his class with a B.S. in Computer Engineering.
Nikitich [7]

Answer:

The firm wins because these actions are not illegal.

Explanation:

The laws that prohibit non physical harassment at work are:

  • Title VII which prohibits discrimination based on race, color, sex, religion, etc.
  • ADEA which protects people who are older than 40 years old against discrimination based on their age.

Parker should first address this issue with the company and see how it can work out. It is very difficult for someone to win a lawsuit if they don't fall under any protected category. In this case, Parker's colleagues are jealous because he is simply smarter and that is the reason why they are harassing him. I guess that if he can prove with a psychiatrist report that the continuous harassment is affecting his well being, he might have a chance.

I knew a case from first hand about a very beautiful woman who had two careers and was very smart and efficient. She wasn't harassed by men, most men at the office only starred at her and wouldn't dare to talk to her. She was harassed by other women that were jealous about her beauty and the fact that she was probably the smartest person around. Besides everybody knowing that the other women were jealous, and everyone making jokes about who was most jealous, she couldn't do anything about it. She ended up quitting the job and to be honest her life got much better at another place. Sometimes an organization's culture is managed by one or two individuals, and if they feel threatened by someone else, they may act in a very childish way and the rest follows.

4 0
3 years ago
Operations management is the management of:
Furkat [3]

designing and controlling the process of production and redesigning business operation in the production of goods and services.

4 0
3 years ago
During 2019, Revitup, Inc., an exercise video retailer, purchased $10,000 of videos for which it paid $7,000 and owes $3,000. Of
Ksju [112]

Answer:

8000$

Explanation:

The Income Statement is one of an organization's centre budget summaries that show their benefit and losses. Revidup should report 8000$ as a cost on its income statement. The expense of the sum sold must be accounted for in the income statement whether the payment is in advance or if the amount of money is made later. The reason to report 8000$ is that, it is the cost of the amount sold and it is compulsory to report it as an expense in income statement.

3 0
3 years ago
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