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4 years ago

Suppose a local company has the following balance sheet accounts:

Business

1 answer:

const2013 [10]4 years ago

3 0

Answer:

Equipment $12,000

Notes payable $13,000

Explanation:

We know that

Total assets = Land + cash + equipment + prepaid rent + supplies

$30,000 = $8,000 + $6,200 + equipment + $2,200 + $1,600

$30,000 = $18,000 + equipment

So, the equipment = $30,000 - $18,000

= $12,000

Current liabilities = Salaries payable + account payable + notes payable

= $3,300 + $1,200 + notes payable

= $4,500 + notes payable

Total assets = Total liabilities + Shareholder equity

$30,000 = $4,500 + notes payable + $12,500

$30,000 = $17,000 + notes payable

So, the notes payable

= $30,000 - $17,000

= $13,000

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Lake Company recorded the following data for the month of January 20xx: Inventories January 1, 20xx January 31, 20xx Direct Mate

Allisa [31]

Answer:

A.Materials consumed in January = $31,000

B.Total Manufacturing Overhead Costs = $83,000

C. Cost of Goods Manufactured = $157,000

Explanation:

Direct Material $24,000 $23,000

Work in Process 18,000 15,000

Finished Goods 22,000 27,000

Net Sales Revenue $325,000

Direct Labour Costs 40,000

Indirect Labour Costs 45,000

Sales Commissions 15,000

Administrative Expenses 18,000

Direct Materials Purchased during January 30,000

Depreciation, factory 10,000

Factory Maintenance and Supplies 8,000

Utilities, (80% factory , 20% office) 25,000

General Office Salaries 12,000

A. Amount of direct materials used in January

Opening Direct Material $24,000

Add Purchased Direct Material $30,000

Less Closing Direct Materials $23,000

Materials consumed in January = $31,000

B. Manufacturing Overhead Costs:

Indirect Labour Costs 45,000

Depreciation, factory 10,000

Factory Maintenance and Supplies 8,000

Utilities, (80% factory) 20,000

Total Manufacturing Overhead Costs = $83,000

C. Cost of Goods Manufactured

Cost of Direct Materials Consumed = $31,000

Add :

Opening Work in Process $18,000

Less Closing Work in Process $15,000

Transfer to Finished Goods $3,000

Add Direct Labor Costs $40,000

Add Manufacturing Overhead Costs $83,000

Cost of Goods Manufactured = $157,000

4 0

3 years ago

Vanessa is the newest and least experienced member of the sales team at Organic Trade, Inc. In her first meeting after joining t

krok68 [10]

Answer:

Vanessa’s task-oriented leadership behavior is likely to be ineffective because low position power neutralizes this leadership behavior.

Explanation:

Vanessa is a newcomer to a company, with less time and acting experience than her staff, so her leadership behavior will be offset by her low position power. This occurs when an employee's hierarchical position does not allow certain actions, so Vanessa's actions would be neutralized and ineffective, having no impact on decision making.

4 0

3 years ago

Neon Synergy Inc. operates in three different countries, and is headed by a CEO who believes that the best approach to ethics is

aksik [14]

Answer:

The best answer to the question: In this context, which of the following statements is most likely to be true regarding Neon Synergy, would be, D: The business units of Neon Synergy will be empowered to adopt the standards of ethics followed in their respective host nations.

Explanation:

Cultural relativism is a theory that states that a persons system of values, beliefs and behaviors arise from the framework of the specific culture to which he has been exposed, and therefore these beliefs, values and behaviors originate and mirror those of the culture to which the person belongs. It also states that a person´s ethics, and actions must not be judged based on those that are proposed by a culture different to his/her own. Like this, the CEO of Neon Synergy, by allowing the business units of his company to follow the guidelines established by the cultural framework of the host countries where the units are is showing the characteristcis that are typical of cultural relativism and that is why the answer is D.

3 0

4 years ago

As part of a major plant renovation project, the industrial engineering department has been asked to balance a revised assembly

ioda

Answer:

A)Minimum = 0.2 minutes

Maximum = 4.6 minutes

Cycle time = = 2 minutes per unit

B) Number of Stations = 3

D) the percentage of idle time for the assignment in decimal = 0.43

Explanation:

A) Operating output = 240 units per 8hours.

Converting to per hour, we get; 240/8 = 30 units per hour.

Minimum cycle time = longest task time

Maximum cycle time = sum of task times

Minimum = 0.2 minutes

Maximum = 0.2 + 0.4 + 0.2 + 0.4 + 1.2 + 1.2 + 1.0 = 4.6 minutes

Now, operational time(OT) is 8 hours a day. Converting that to minutes, we have =60x8 = 480 minutes

Cycle time(CT) = OT (per day) /desired output

Therefore, calculated cycle time = 480/240

= 2 minutes per unit

B) Number of stations = Maximum time / CT

= 4.6/2 = 2.3 which is approximately 3 stations

C) The task diagram is drawn in image 1 attached. Therefore, we can assign tasks based in the greatest number of following tasks as follows;

Task Number of following tasks

a 4

b 3

c 2

d 2

e 1

f 1

g 0

D) for the idle time from the assigned tasks in "c" above, from the "image 2" attached; the percentage of the idle time will be=

Total remaining time of tasks without remaining feasibility tasks/ {(number of these tasks) x(CT)}

Which gives percentage of idle time = (0.8 + 0.8 + 0.8 + 1.0)/{(4)x(2)}

= 3.4/8 = 42.5%

Since we are to convert to decimal,

= 0.425 approximately 0.43

4 0

3 years ago

An investment offers $6,260 per year for 17 years, with the first payment occurring 11 years from now. If the required return is

faust18 [17]

Answer: $61,328.15

Explanation:

The amount paid is per year so this is an annuity. It will begin 11 years from now so one should find the present value in that year:

Present Value of annuity = Annuity * ( 1 - ( 1 + rate) ^ - no. of periods) / rate

= 6,260 * ( 1 - ( 1 + 3%) ⁻¹⁷) / 3%

= $82,419.90

That is the present value if the annuity starts 11 years from now which means that it is the present value 10 years from now (ordinary annuities are paid end of period).

You need to discount to current period:

= 82,419.90 / ( 1 + 3%)¹⁰

= $61,328.15

7 0

3 years ago