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3 years ago

Use the following information to answer the question about BobCat Co. at the end of 2017:

Business

1 answer:

Tom [10]3 years ago

5 0

Answer:

c. $34,575

Explanation:

Data provided in the question

Accounts receivable = $44,890

Accounts payable = $6,405

Cash = $16,070

Common stock = $42,500

Long-term notes payable = $20,600

Merchandise inventory = $28,475

Salary Payable = $28,170

Retained earnings = $50,465

Prepaid insurance = $2,365

So, The computation of the current liabilities are as follows

= Accounts payable + salary payable

= $6,405 + $28,170

= $34,575

Therefore, the current liabilities only includes the account payable and the salary payable.

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Custer County is considering raising revenues by imposing a $25 fee on couples who obtain a marriage license within the county.

Andreas93 [3]

Answer:

The payment serves as a fee for the service rendered by government. It is slightly different from a transaction-based tax due to the fact that a private party and the jurisdiction are involved in a transaction instead of the normal operation in a market transaction that occurs between two or more private parties. This also gives the payer a certain opportunity which is the right to get married under law.

Explanation:

The payment serves as a fee for the service rendered by the government. It is slightly different from a transaction-based tax due to the fact that a private party and the jurisdiction are involved in a transaction instead of the normal operation in a market transaction that occurs between two or more private parties. This also gives the payer a certain opportunity which is the right to get married under the law.

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3 years ago

The latest version of the surgeon general reports recommends ________ for the promotion of health.

Scrat [10]

The answer is Regular and Moderate to High Physical Activity

While generally accepted as good for health, medical professionals have conducted extensive research and recommended that the best way to promote health is to regularly exercising, especially at a moderate and high level physical activity.

This means, simple walking is not going to be enough.
We need to exert our bodies to some extent regular to optimal fitness.

Regular exercise is said to reduce to risk of diabetes, heart problems, various types of cancers etc.

8 0

2 years ago

g Toyota has announced that it will offer free financing for 36-month loans on selected new models. How much is the zero-interes

EastWind [94]

Answer:

$2,839.02

Explanation:

The computation of zero-interest offer is shown below:-

monthly payment = $25,000 ÷ 36

= $694.44

PV of loan = PMT × [1 - (1 + i) ^-n)] ÷ i

$25,000 = PMT × [1 - (1 + 0.67%) ^-36] ÷ 0.67%

PMT = $783.41

Now, the difference in monthly payment with and without interest is

= $783.41 - $694.44

= $88.96

PV of saving = $88.96 × [1 - (1 + 0.67%) ^-36] ÷ 0.67%

= $2,839.02

5 0

3 years ago

Moody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the

slava [35]

Answer:

1) Predetermined overhead rate= $8.88 per machine hour

2) Total Manufacturing Costs = $ 929.66

3a)Underapplied overhead for the year= $ 5500

3-b) If the overhead is underapplied and it is corrected by increasing Cost of Goods Sold so it reduces net income.

Explanation:

Moody Corporation

Machine-hours required to support estimated production 156,000

Fixed manufacturing overhead cost $652,000

Variable manufacturing overhead cost per machine-hour $4.70

Variable manufacturing overhead=$4.70* 156,000 = $ 733,200

Predetermined overhead rate= Total Overhead Costs/ Direct Labor Hours

1) Predetermined overhead rate= $652,000 +$ 733,200/ 156,000 = $8.88 per machine hour

Job 400

Direct materials requisitioned $400

Direct labor cost $210

Machine-hours used 36

Manufacturing Overhead = $ 8.88 * 36= $ 319.66

2) Total Manufacturing Costs = $ 929.66

3) Actual manufacturing overhead costs $1,301,980

Total machine-hours on all jobs 146,000

Predetermined overhead rate= $8.88 per machine hour

Applied manufacturing overhead costs= 146000* 8.88= $ 1296480

Actual Overhead- Applied Overhead= $1,301,980-$ 1296480= $5500

3-a)Underapplied overhead for the year= $ 5500

3-b) If the overhead is underapplied and it is corrected by increasing Cost of Goods Sold so it reduces net income. Similarly If the overhead is Overapplied and it is corrected by decreasing Cost of Goods Sold so it increases net income

3 0

3 years ago

A sharing arrangement in which only deductible costs are apportioned to the investor, with the sponsor bearing all capitalized c

bagirrra123 [75]

Answer:

D) functional allocation

Explanation:

These are the options for the question;

A) overriding royalty arrangement.

B) reversionary sharing arrangement.

C) carried interest.

D) functional allocation.

A sharing arrangement in which only deductible costs are apportioned to the investor, with the sponsor bearing all capitalized costs is called functional allocation.

functional allocation in management involves the act in which employee are grouped in departments according to skills possessed by them or area they specialize in, and these department are been managed by functional leader.. It is very important in business for employees to give their best during production.

7 0

3 years ago