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3 years ago

At December 31, 2017, Riverbed Corporation reported the following plant assets.

Business

1 answer:

vitfil [10]3 years ago

7 0

Solution :

1. Journal voucher

Journal Entries

Date Accounts title Debit Credit

June 1 Cash $ 2,993,600

Gain on sale of land $ 1,122,600

Land $ 1,871,000

(Being land sold)

2. Partial Balance sheet

Riverbed Corporation

Partial Balance sheet

December 31, 2008

Plant Assets

Land $ 7,858,200

Building $ 26,640,000

(-) Accumulated Depreciation-building $ 74,465,800 $ 3,662,625

Equipment $ 74,465,800

(-) Accumulated Depreciation-equipment $ (14,734,125) $ 59,731,675

Total Plant Assets $ 71,252,200

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The definition of internal control developed by the Committee of Sponsoring Organizations (COSO) includes controls related to th

Lina20 [59]

Answer:

A. Compliance with applicable laws and regulations.

Explanation:

The definition of internal control developed by the Committee of Sponsoring Organizations (COSO) includes controls related to the reliability of internal and external reporting, the effectiveness and efficiency of operations, and Compliance with applicable laws and regulations.

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3 years ago

Two ways in which can adapt to the challenges of the business environment

Alchen [17]

<h3>Two ways in which can adapt to the challenges of the business environment</h3>

Recognize the Size of the Change
Be open to new and different ideas

Today's business concerns are more pressing than ever before. Businesses are competing on a much greater scale as a result of technical advancements and globalization. And, in light of the current economic and health crises, business owners confront an even greater challenge: prospering, not just surviving. Here are four strategies to explore in order to assist your company adjust amid difficult times.

<h3>1. Recognize the Size of the Change</h3>

To most seasoned company and executive leaders, the word 'adapting' may sound cliché. Adaptability, on the other hand, in the context of business simply means being open to new ideas and methods. Accept that the world is changing at a quick speed, and that in order for businesses to thrive, they must adapt their strategy to meet the demands of the moment.

<h3>2. Be open to new and different ideas.</h3>

In order to be competitive, a business owner needs understand a few things. The first step is to think about what other options you have. Consider your backup plans and procedures in case the market situation changes unexpectedly. A business owner must constantly be prepared for any kind of tweaks and changes that their company may experience, and have a contingency plan in place that can be implemented promptly.

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2 years ago

We have acquired new furniture for the office. The invoice for $6,000 offers two ways to pay: we can pay the entire amount by Se

Drupady [299]

Answer:

6.12%

Explanation:

Calculation for How does our decision depend on the interest rate at which we can invest our funds

Present value = 6000-3060

Present value = 2940

Future value = Present value+Present Value*Numver of month* Rate of interest/ 100

3000 = 2940+2940*4/12*R/100

60 = 2940*4/12*R/100

60*12/4 = 2940*R/100

180 = 2940*R/100

180/2940 = R/100

0.061224 = R/100

Rate = 6.1224

Therefore How does our decision depend on the interest rate at which we can invest our funds is 6.1224

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3 years ago

Howorth Dental Products is a London-based producer of a patented anti-microbial dental floss. All raw material is introduced at

11Alexandr11 [23.1K]

Answer:

Choice A is the correct answer

Explanation:

Howorth Dental Products

Cost of Production Report

Equivalent Units Materials Conversion Costs

Finished Goods 383000 383000

Ending WIP 19000 6650 ( 19000* 35%)

Total Equivalent Units 402,000 389650

Costs Material D.LAbor FOH

Preceding Department 46,100 25,000 25000

Added 85,800 98,300 98,700

Total Costs 131,900 123,300 123,700

Material Costs Per Equivalent Unit = 131,900/ 402,000= 0.328

Direct LAbor Costs Per Equivalent Unit = 123,300/ 389,650=0.316

FOH Costs Per Equivalent Unit = 123,700/ 389,650=0.317

Total Cost per Equivalent unit = 0.328 + 0.316+0.317= 0.961≅ 0.962 (rounding would give a difference)

Costs Transferred to Finished Goods = 0.962* 383,000= $368,446

Costs OF Ending work in Process = 0.328 * 19,000 + 0.316* 6650 + 0.317 * 6650

Costs of Ending WIP= 6232 +2108.5+ 2101.4= 10,441.9

Total Cost Allocation= 368,446 + 10,441.9= 378,887.9

Equivalent units of direct material 402,000

Equivalent units of direct labor 389,650

Equivalent units of overhead 389,650

Costs per equivalent unit $0.962

Transferred to Finished Goods $368,446

Total Ending Work in Process $10,449

Total Cost Allocation $378,895

There's a minute difference in the WIP ending Inventory Costs ( 10449 - 10441.9 = 7.1)and Total Costs ($378,895-378,887.9= 7.1) which is only due to rounding off. If you round off you will get the exact figures as given in the option.

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3 years ago

Mary never liked math and did poorly. when she decided to think ofit as a fun challenge, her performance improved. this is an ex

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This is an example of a change in perception.
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3 years ago