All categories

3 years ago

Choose the correct objective statement for this task.

Business

1 answer:

Vinvika [58]3 years ago

8 0

Answer:

The correct objective statement for this task is:

b. To throw a graduation party.

Explanation:

Option b is the correct answer because it is concise and straight to the point. It does not start enumerating unnecessary details about the graduation party. Like a good objective statement, option b focuses the reader's attention to the main purpose of the task at hand. This is not so with options a, c, and d, which added details that were not covered by the task description.

You might be interested in

Stan read an ad in the newspaper which said that the jackpot for picking the six winners in the dog race on the last night of th

likoan [24]

Find the given attachment

6 0

4 years ago

The Polaris Company uses a job-order costing system. The following transactions occurred in October: Raw materials purchased on

Gennadij [26K]

Answer:

1. Prepare journal entries to record the transactions given above

2. Prepare T-accounts for Manufacturing Overhead and Work in Process.

Explanation:

Debit Raw Material 210.000

Credit Account Payable 210.000

raw materials purchased on account, $210,000

Debit Work in process 178.000

Debit manufacturing overhead 12.000

Credit Raw material 190.000

Raw materials used in production, $190,000 ($178,000 direct materials and $12,000 indirect materials)

Debit Work in process 90000

Debit manufacturing overhead 110000

Credit Sales ans wages salaries 200000

Accrued direct labor cost of $90,000 and indirect labor cost of $110,000.

Debit manufacturing overhead 40000

Credit Acummulate depreciation 40000

Depreciation recorded on factory equipment, $40,000.

Debit manufacturing overhead 70000

Credit Account Payable 70000

Other manufacturing overhead costs accrued during October, $70,000.

Debit Work in process 240000

Credit manufacturing overhead 240000

The company applies manufacturing overhead cost to production using a predetermined rate of $8 per machine-hour. A total of 30,000 machine-hours were used in October

Debit Finished goods 520000

Credit Work in process 520000

Jobs costing $520,000 according to their job cost sheets were completed during October and transferred to Finished Goods

Debit Cost of goods 480000

Credit Finished Goods 480000

Jobs that had cost $480,000 to complete according to their job cost sheets were shipped to customers during the month.

Debit Account receivable 600000

Credit Sales 600000

These jobs were sold on account at 25% above cost.

Manufacturing Overhead

Debit Credit

2 12.000 240000 6

3 110000

4 40000

5 70000

232.000 240.000

Ending Balance 8.000

Work in process

Begining Balance 42000

2 178.000 520000 7

3 90000

6 459000

769.000 520.000

Ending Balance 249.000

6 0

3 years ago

Kessen Inc.'s bonds mature in 7 years, have a par value of $1,000, and make an annual coupon payment of $70. The market interest

Scilla [17]

Answer:

Explanation:

The market value of debt is the present value of all future cash flows in servicing the debt.

we need to identify the present value of the future cash flows as follows

Year no of receipts Cash flow Discount factor present value

1-7 7 70 5.1185 358.296

7 1 1000 0.5649 564.926

Present Value 923.222

Annuity= P=R(1+(1+i )^-n) /i

Annuity= P=70(1+(1+8.5%)^-7/8.5% = 5.1185

Compound = S=P(1+i)

Compound =P=1000/(1+8.5%)^7 = 0.5649

the value of the bond is = 923.222

8 0

3 years ago

A firm has a debt-to-equity ratio of 1.0. If it had no debt, its cost of equity would be 12 percent. Its cost of debt is 9 perce

Tpy6a [65]

Answer:

15%

Explanation:

The computation of the cost of equity in case of no taxes is shown below:

Cost of equity without tax = Cost of equity + (cost of equity - cost of debt) × debt equity ratio

where,

Cost of equity = 12%

Cost fo debt = 9%

And, the debt equity ratio = 1

Now placing these values to the above formula,

So, the cost of equity without considering the tax is

= 0.12 + (0.12 - 0.09) × 1

= 0.12 + 0.03 × 1

= 0.12 + 0.03

= 0.15

= 15%

6 0

4 years ago

In the United States, nonprofits employ about one in hundred workers, accounting for less paid workers than the entire construct

Elan Coil [88]

Answer:

The correct answer is False.

Explanation:

In the United States there are 1.14 million nonprofit associations and this non-commercial sector represents 8.5% of GDP (against for example 4.2% in France).

These institutions employ 9.3% of the active population, which constitutes a world record. Americans give each year $ 250 billion to these institutions for non-profit purposes, and these donations are tax exempt. Of the amount quoted, approximately 36% goes to the different Churches, 13% goes to education, 8.6% to health, and 5.4% to culture (that is, the latter percentage represents some 13,000 million dollars annually). Cinema-art and the producers of experimental films, cultural foundations, ballet and their dance bodies, publishing houses (especially university), are some examples of non-profit associations in the domain of culture, which year after year They are supported by Americans.

7 0

3 years ago