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3 years ago

Someone who wants credentials in skilled training, but in less time than a four- year degree should consider...

Business

1 answer:

Pavlova-9 [17]3 years ago

4 0

Answer:

Career or technical education.

Explanation:

Someone who wants credentials in skilled training, but in less time than a four- year degree should consider Career or technical education.

A technical education course is solely based on providing skilled training which will help the student to learn the practicalities in a shorter period of time.

They are focused on a specific kind of skilled training which you can use in your career. Technical education is also known by the name of a diploma which can be completed in a period of 2 years or even in a period of months.

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Missouri River Supply Co. sells canoes, kayaks, whitewater rafts, and other boating supplies. During the taking of its physical

musickatia [10]

Answer:

A. Balance Sheet

Merchandise Inventory $5,200 Understated

Current Asset $5,200 Understated

Total Assets $5,200 Understated

Owner's equity $5,200 Understated

B. Income Statement

Cost of merchandise sold $5,200 Overstated

Gross profit $5,200 Understated

Net income $5,200 Understated

C. Income Statement

Cost of merchandise sold $5,200 Understated

Gross profit $5,200 Overstated

Net income $5,200 Overstated

Explanation:

A. Calculation to State the effect of the error on the December 31, 20Y2, balance sheet of Missouri River Supply

BALANCE SHEET

Merchandise Inventory $5,200 Understated

Current Asset $5,200 Understated

Total Assets $5,200 Understated

Owner's equity $5,200 Understated

($238,600-$233,400)

B. Calculation to State the effect of the error on the income statement of Missouri River Supply for the year ended December 31, 20Y2.

INCOME STATEMENT

Cost of merchandise sold $5,200 Overstated

Gross profit $5,200 Understated

Net income $5,200 Understated

($238,600-$233,400)

C. Calculation to determine what would be the effect of the error on the 20Y3 income statement If uncorrected

INCOME STATEMENT

Cost of merchandise sold $5,200 Understated

Gross profit $5,200 Overstated

Net income $5,200 Overstated

($238,600-$233,400)

7 0

3 years ago

Sally's Chocolate Company makes gourmet cupcakes which are sold by the dozen. Compute the standard cost for one dozen cupcakes,

Andrej [43]

Answer:

The correct answer is $15.69.

Explanation:

According to the scenario, computation of the given data as follow:-

We can calculate the cupcake sold by the dozen by using following formula:-

Cost for a dozen cupcake = Direct material + Direct labor + Factory OH

Where,

Direct material = 4.25 × $0.56 = $2.38

Direct labor = 1.10 × $8.30 = $9.13

Factory overhead = 1.10 × $3.80 = $4.18

By putting the value in the formula, we get

= $2.38 + $9.13 + $4.18

= $15.69

6 0

3 years ago

Maura Ruiz has been working in the e-learning industry for over eight years. She is aware of the fact that in this industry, onc

Elanso [62]

Answer:

Participative.

Explanation:

Participative leadership is the process of influencing people to direct their efforts toward the achievement of some particular goal or goals. Participative leadership can be different depending on organization, purpose and situation but there are common patterns in all types:

- Leader always facilitates the conversation.

- Leaders share any information and necessary knowledge for decision-making.

- Leaders encourage others to share their ideas.

- Leader must take all information and solutions by the team and synthesize.

- The leader comes up with best solution based on group information and communicates the solution to the group.

Participative leadership consist of one of the four types of participative decision making.

* Democratic (Participative) – Encourages participation of all members but final decision is made by leader.

* Collective – All decisions are taken by the group and responsibility for the decisions also rest on entire group.

* Autocratic – Possible solutions are brainstormed collectively but leaders are responsible for final decision. Different from democratic as autocratic is goal oriented while democratic is people oriented.

* Consensus – Leader gives up responsibility and control of decision making to the group.

4 0

4 years ago

An asset used in a 4-year project falls in the 5-year MACRS class for tax purposes. The asset has an acquisition cost of $9,000,

Hunter-Best [27]

Answer:

$2,288,448

Explanation:

In order to calculate after-tax salvage value we first compute depreciation as per MACRS 5 year class.

MACRS 5 years states that following depreciation is chargeable in corresponding years,

Year 1 = 20%

Year 2 = 32%

Year 3 = 19.2%

Year 4 = 11.52%

We now calculate total depreciation on asset over the useful life of 4 years.

DEP Y1 = 9,000,000 * 0.20 = $1,800,000

DEP Y2 = 9,000,000 * 0.32 = $2,880,000

DEP Y3 = 9,000,000 * 0.192 = $1,728,000

DEP Y4 = 9,000,000 * 0.1152 = $1,036,800

We can now calculate Net book value at the end of 4th year

NBV = 9,000,000 - 1,800,000 - 2,880,000 - 1,728,000 - 1,036,800

NBV = $1,555,200

Taxable value = Sale price - NBV

Taxable value = 2,520,000 - 1,555,200 = $964,800

Tax = $964,800 * 0.24 = $231,552

After tax salvage value = 2,520,000 - 231,552 = $2,288,448

Hope that helps.

4 0

3 years ago

The steps of the accounting cycle are presented below. Identify the correct order of the steps.

pashok25 [27]

Answer:

The correct order is as follows:

a. Start with beginning account balances.

First start with the opening balances which are the closing balances from the last period.

b. Analyze and journalize transactions as they occur.

Enter transactions into their journals as they occur.

c. Post journal entries to the accounts.

Post the entries from the journals to the relevant accounts in the company books.

d. Compute the unadjusted balance in each account and prepare the unadjusted trial balance.

Prepare the unadjusted trial balance based on those entries.

e. Enter the unadjusted trial balance on the worksheet and complete the worksheet (optional).

f. Journalize and post adjusting entries.

There might be errors so you would need to adjust the entries and then journalize them.

g. Prepare the adjusted trial balance.

Using these adjusted entries, prepare an adjusted trial balance.

h. Prepare the financial statements.

The adjusted balances will be used to construct financial statements such as the Balance sheet.

i. Journalize and post the closing entries.

Post the closing entries to the books.

j. Prepare the post-closing trial balance.

Then prepare the final trial balance which is also called the post-closing trial balance.

4 0

3 years ago