Which of the following is a benefit of increased levels of education?

Paige Company estimates that unit sales will be 10,300 in quarter 1, 12,600 in quarter 2, 14,600 in quarter 3, and 18,800 in qua

Dennis_Churaev [7]

Answer:

Quarter 1:

Sales= $865,200

Q2:

Sales= $1,058,400

Q3:

Sales= $1,226,400

Q4:

Sales= $1,579,200

Explanation:

Giving the following information:

Paige Company estimates that unit sales will be 10,300 in quarter 1, 12,600 in quarter 2, 14,600 in quarter 3, and 18,800 in quarter 4.

Selling price= $84 per unit.

A sales budget consists of the budgeted sales in units multiplied by the selling price per unit.

Quarter 1:

Sales= 10,300*84= $865,200

Q2:

Sales= 12,600*84= $1,058,400

Q3:

Sales= 14,600*84= $1,226,400

Q4:

Sales= 18,800*84= $1,579,200

4 0

4 years ago

Read 2 more answers

Peggy, a foreman at a petrochemical plant, asks the plant superintendent to hire an additional worker whenever overtime hours fo

Arlecino [84]

Answer:

<em>D. Programmed</em>

Explanation:

A programmed decision <em>is a repeated or recurring decision which can be made in accordance with established rules or procedures. </em>

Such types of assessments are often requested in a regular process at certain stages and are taken on the basis of criteria known and easy to identify.

7 0

3 years ago

Capital gains may be preferred by investors over dividends even if dividends and capital gains are taxed at the same rate becaus

lawyer [7]

Answer: c. taxes on capital gains can be timed

Explanation:

Capital gains represent an appreciation in the value of a security therefore they bring in profit to the owners of that security. Capital gains are not taxed until the owner sells the security which means that these taxes can be timed by the owner who can decide to sell at specific times to reduce their tax bill.

This is different from dividends that are taxed as soon as the company declares them. The investors have no say as to the tax timing so they will prefer capital gains where they have some form of control.

6 0

3 years ago

On October 1, 2016, Adams Company paid $4,200 for a two-year insurance policy with the insurance coverage beginning on that date

rjkz [21]

Answer:

d. Prepaid insurance $3,675, and Insurance expense $525.

Explanation:

Preparation of the journal entry to determine which of the following account balances are correct after adjusting entries have been made

Based on the information given the account balances that are correct after adjusting entries have been made will be PREPAID INSURANCE $3,675, and INSURANCE EXPENSE $525.

First step is to calculate the amount the company pay per month

Amount pay per month=$4,200/24 months

Amount pay per month = $175 per month

Last step

Since Three months have been used which are October, November, and December which means that $175 per month × 3 months = $525 which will be recorded as INSURANCE EXPENSE while the balance in PREPAID INSURANCE will be $4,200 - $525 = $3,675

5 0

3 years ago

On October 1, year 14, Park Co. purchased 200 of the $1,000-face-value, 10% bonds of Ott, Inc., for $220,000, including accrued

lana [24]

Answer:

Bond receivable - Ott Inc 200,000

Premium on B.R Ott Inc 14,400

Interest receivables 10,000

Net: 224,400

Explanation:

As Park Co uses straight line method, we don't have to solve for the present value of the bond we directly label the difference between cost and face value as premium or discount accordingly. Premium when above and discount when lower.

accrued interest:

200 bonds x $1,000 each x 10% x 3/12 = 5,000

220,0000 cost - 5,000 interest - 200,000 face value = 15,000 bond premium

Balance at December year 15:

the interest payable will be for the entire period:

200,000 x 10% / 2 = 10,000

the premium will be amortized for 3 month.

and it has outstanding 75 month to mature from October 1st

15,000 x 3 / 75 months = 600

carrying value 15,000 - 600 = 14,400

8 0

3 years ago