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3 years ago

Gadget Twin Inc. recently raised capital through an initial public offering (IPO). Its stock can now be purchased on the NYSE.

Business

1 answer:

Alenkasestr [34]3 years ago

4 0

Answer:

The correct answer is letter "A": A publicly owned corporation.

Explanation:

A Publicly Owned Corporation or simply Public Company has sold stock to the public in an Initial Public Offering (IPO) and that stock is currently trading in a public stock exchange or the Over-The-Counter market (OTC). The ability to sell shares to the public is very important to these companies because it provides them with a source of capital to fund growth.

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At December 31, 2016, Finzelberg Company had a credit balance of $15,000 in Allowance for Doubtful Accounts. During 2017, Finzel

Setler79 [48]

Answer:. ............$

1. Bad debt Dr. 11.0000

Account receivable Or. 11.000

Narration: Bad debts writing off debtors

2. Cash/Bank. Dr 1800

Profit or loss Cr. 1800

Narration. Bad debt previously written off recovered

3. Profit or loss Dr 4000

Allowance for doubtful debts Cr

4000

Narration. Increase in provision for doubtful debts.

7 0

3 years ago

"On January 1, MM Co. borrows $360,000 cash from a bank and in return signs an 8% installment note for five annual payments of $

scoray [572]

Answer:

1.Jan 01 Dr Cash 360,000

Cr Notes payable 340,000

2.Interest expense 28,800

Principal Reduction 61,364

Explanation:

MM Co.

1 . Journal entry

Since MM Co. borrows $360,000 cash on January 1 from a bank this means we have to

Debit Cash with the amounts of money he borrowed which is $360,000 and Credit Notes Payable with the same amount.

Jan 01 Dr Cash 360,000

Cr Notes payable 340,000

2. Calculation of the amount goes toward interest expense and Principal reduction

Interest expense 28,800

(360,000*8%)

Principal Reduction 61,364

(90,164-28,800)

5 0

3 years ago

Traditional project management focuses on thorough planning up front. such planning requires ____.

vivado [14]

Traditional project management focuses on thorough planning up front. Such planning requires predictability.

The traditional project management is a practice which includes a set of developed techniques which are used in order for planning, execution, monitoring, closure, and estimating. Here the projects are run in a sequential cycle.

The planning which is done in traditional project management, this planning requires predictability. Thus, the predictability is considered an important factor here. A traditional project management focuses on upfront planning where factors like cost, scope, and time are given importance.

Hence, the entire project is planned upfront without any scope for changing requirements.

To learn more about traditional project management here:

brainly.com/question/28139249

#SPJ4

4 0

1 year ago

Willow Trees Inc. makes seven different products, four of which are within their first year of existence. The demands for all pr

Papessa [141]

Answer:

Willow Trees Inc. should use bottom-up planning

Explanation:

Bottom-Up Planning is an effective method to increase productivity and efficiency of the production process. It includes planning, and defining the objectives that company needs to achieve through bottoms first.

Firstly, targets that will help achieve lower level hierarchy are set into place. From there they are slowly incorporated in higher level goals that will eventually reach the global goals of the company.

7 0

3 years ago

Longview Hospital performs blood tests in its laboratory. The following standards have been set for each blood test performed:

Julli [10]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Standard:

Direct materials 2.0 plates $2.75 per plate

Direct labor 0.2 hours $15.00 per hour

Variable manufacturing overhead 0.2 hours $7.00 per hour

Actual:

1,500 blood tests.

3,600 plates were purchased for $9,540

3,200 plates were used for blood tests

340 actual direct labor-hours were worked for $5,550

1)The materials price variance:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (2.75 - 2.65)*3,600= $360 favorable

2) The materials quantity variance:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (2*1,500 - 3,200)*2.75

Direct material quantity variance= $550 unfavorable

3) The labor rate variance:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (15 - 16.32)*340= $448.8 unfavorable

4) The labor efficiency variance:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (1,500*0.2 - 340)*15

Direct labor time (efficiency) variance= $600 unfavorable

5) The variable overhead efficiency variance:

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Variable overhead efficiency variance= (1,500*0.2 - 340)*7

Variable overhead efficiency variance= $280 unfavorable

8 0

2 years ago