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3 years ago

Schultz Tax Services, a tax preparation business had the following transactions during the month of June:

Business

1 answer:

Nastasia [14]3 years ago

8 0

Answer:

$29,280

Explanation:

It is important to consider only cash transactions when preparing a Cash Reconciliation.

Schultz Tax Services Cash Reconciliation

Cash, June 1 $25,000

Plus: cash receipts for June

Receipts for Accounting Services $3,000

Receipts from Accounts Receivables $3,800 $6,800

Minus: cash payments for June

Advertising expense paid $800

Dividends paid $1,500

Telephone expense paid $220 ($2,520)

Cash, June 30 $29,280

Conclusion :

The balance of Cash at June 30 is $29,280

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Carol is a vice president for sales and marketing at her company. She conducts a survey asking customers their impressions of th

leva [86]

Answer: 1) Carol can use the surve results to . identify the building blocks of competitive advantage and develop strategies to use them to increase profitability and in this way try to get the most out of it.

2) Strategically, managers who have identified these advanced factors should take steps to protect these assets, either formally or as a trade secret, optimize the company's use of them and not outsource them to other firms because it is convenient to try that the competition does not find out about the use of this factor of production so that it cannot imitate them and thus be able to gain a greater market share to the competition.

3) The statement "in response to requests from customers for healthier food on the menu, a restaurant tweaks its recipe for its most popular sandwich to remove processed ingredients and replace them with fresh vegetables." describes a strategy that adds value to multiple factors as it goes through several activities in the value chain because the company's decision to use less processed ingredients and more fresh vegetables not only facilitates production but also responds to a customer need, which will value the products even more.

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3 years ago

A company has two products: standard and deluxe. The company expects to produce 37,775 standard units and 63,640 deluxe units. I

jarptica [38.1K]

Answer:

Results are below.

Explanation:

First, we need to calculate the activity rates for each cost pool:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Activity 1= 103,850 / (2,500 + 5,250)= $13.4 per unit of activity

Activity 2= 106,000 / (4,500 + 5,500)= $10.6 per unit of activity

Activity 3= 95,120 / (3,000 + 2,800)= $16.4 per unit of activity

Now, we can allocate overhead to Standard:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Standard:

Activity 1= 13.4*2,500= $33,500

Activity 2= 10.6*4,500= $47,700

Activity 3= 16.4*3,000= $49,200

Total allocated costs= $130,400

Finally, the unitary cost:

Unitary cost= 130,400 / 37,775

Unitary cost= $3.45

7 0

3 years ago

Q: What determines the balance of production and consumption?

ANTONII [103]

Resources is referred to as the available asset that can be used for further purposes may it be for business or consumption. This is what determines the balance between the production and consumption for without these, production would not be possible and if nothing is produced, nothing would also be consumed. Resources come in different forms and each has its own availability. Answer for this would be C.

6 0

3 years ago

For all of the following questions, refer to the following table, which gives financial information for Apple for fiscal year 20

taurus [48]

Answer:

a. 27.9%

Explanation:

The formula and the computation of the gross profit are shown below:

Gross profit = (Gross profit) ÷ (Sales) × 100

where,

Gross profit = $1,604

And, the sales revenue is $5,742

So, the gross profit is

= ($1,604) ÷ ($5,742) × 100

= 27.9%

By dividing the gross profit by the sales we can get the gross profit

3 0

3 years ago

Joe Chin bought a house for $180,000. He made a 20% down payment. Joe secured a loan for the balance of the purchase price at 6.

Ivan

Answer:

910.18

Explanation:

After Chin's down payment the amount borrowed is ...

(1 - 20%)($180,000) = 0.80·$180,000 = $144,000

The amount of the payment is given by the amortization formula ...

A = P(r/n)/(1 -(1 +r/n)^(-nt))

for P borrowed at rate r for t years, compounded n times per year.

A = 144000(0.065/12)/(1 -(1 +.065/12)^(-12·30)) = 910.18

The monthly loan payments will be 910.18.

6 0

3 years ago