Answer:
b. Forged endorsement
Explanation:
Forged endorsement as it write the check with a forge a sign to endorse it on his favor (covert check for her own use) This makes impossible for the firm to pay their account through those checks as Vicky is the person receiving his value.
The company should rotate the check signers or separate the duties of check preparating and check signing.
Answer:
$234,000
Explanation:
cost of goods manufactured = beginning work in process + direct materials + direct labor + manufacturing overhead cost applied - ending work in process
cost of goods manufactured = $25,000 + $65,000 + $95,000 + $69,000 - $20,000 = $234,000
cost of goods sold = beginning finished inventory + cost of goods manufactured - ending finished inventory + underapplied overhead
cost of goods sold = $54,000 + $234,000 - $58,000 + $2,000 = $232,000
Answer:
$15,000 and $17,000
Explanation:
The computation is shown below:
But before that we have to determine the total dividend of preference stock i.e
= 3,600 shares × 5% × 50%
= $9,000
Now the 3,100 is paid, so the remaining amount is
= $9,100 - $3,100
= $6,000
So the total dividend paid to preference shareholders is
= $9,000 + $6,000
= $15,000
And for common shareholders, it is
= $17,000 - $15,000
= $2,000
Answer:
Explicit Costs: 1500+1750 = 3250.
Explicit Cost is the cost that is tangible and can be seen.
Implicit Costs & Opportunity Costs: 20000+4000 = 24000.
Implicit cost and opportunity cost will be the same here because they both represent the intangible cost that is foregone by choosing the next best alternative.
Economic Profit: Revenue - Explicit Costs - Implicit Costs
Therefore, the economic profit in this question will be,
45000-3250-24000 = $17480.
Although Britney is earning a profit of $17480 in 2012, from economic viewpoint, she is operating at loss because she could have earned $24000(Rent+Music) by just doing what she was doing previously.
Hope my answer helps you. Good luck.