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ss7ja [257]
3 years ago
11

Three friends are trying to decide what to do on Saturday night. The options are to go to a party, go see a play, or hang out at

their apartment. Abdul prefers to see a play over going to the party, which he prefers to hanging out. Gina prefers to hang out over seeing a play, which she prefers to going to the party. Shaquille would most like to go to the party, his second choice is to hang out, and the play is his least preferred option. In the spirit of democracy, they decide to vote on their options. In a three-way vote, they each vote for a different choice, leading to a tie and failing to solve their problem. They thus decide to consider the options in pairs.
(1 point) Shaquille suggests that they first vote on hanging out versus going to the play and then vote on the winner of that versus going to the party. Which option will be chosen?
Choose one:
A. Go to the play.
B. Go to the party.
C. Hang out.
Business
1 answer:
zhenek [66]3 years ago
6 0

Answer:

go to party

Explanation:

Scale of preference can be described as a list of wants of individuals. They are usually arranged in order of importance or preference.

If the individuals vote  on hanging out versus going to the play :

Abdul would vote to see a play because it is his most preferred activity

Gina would vote to go hangout because it is her most preferred activity

Shaquille would vote to hangout. this is because going to the play is his second most preferred activity

so hangout would win with 2 votes to 1 in this round.

In the next round of voting, the two contenders would be hangout and going to the party.

Abdul would vote to go the party.  Going to the party is  his second most preferred activity and hangout is his least preferred activity

Gina would vote to go hangout because it is her most preferred activity

Shaquille would vote to go to the party. This is his most preferred activity.

Going to the party would win the second round of voting

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The Marx Company issued $98,000 of 8% bonds on April 1 of the current year at face value. The bonds pay interest semiannually on
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Answer:

$4,800

Explanation:

Interest Expense of the bond is calculated by multiplying Face value and Coupon rate. Any discount or premium is amortized over the life of the bond and added or deducted from the interest payment in order to record the interest expense.

As per given data

Face value of Bond = $80,000

Coupon Rate = 8%

Interest Expense = Face value x Coupon rate

As on July 1 interest of only 3 months has been accrued, so we will record the interest expense of 3 months only.  

On July 1

Interest Expense = $80,000 x 8% x 3/12 = $1,600

6 month period Expense will be recorded.

On December 31

Interest Expense = $80,000 x 8% x 6/12 = $3,200

Total Expense = $1,600 + $3,200 = $4,800

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

The question is incomplete. Missing Portion is written as bold in explanation.

Explanation:

Required:

1. Prepare journal entries to record the transactions given above.

2. Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant transactions from above to each account. Compute the ending balance in each account, assuming that Work in Process has a beginning balance of $37,000.

Account                                                   Dr                      Cr

1.Raw materials                                     209000

Account payable-Liability                                             209000

The Materials are purchased in credit.

2. Work In Process                               152000

Manufacturing Overhead                     38000

Raw materials                                                               190000

Entry for Materials used in Production.

3.  Work In Process                               48000

Manufacturing Overhead                      22000            

Salaries payable                                                           70000

4.Manufacturing Overhead                   104000            

Depreciation                                                                 104000

5. Manufacturing Overhead                  131000                      

Account payable                                                                 131000

6.Work In Process                                686700     ( 9 x 76300= 686700)

Manufacturing Overhead                                                  686700

7.Finished Goods                                      512000

Work In Process                                                                   512000                      

8.Cost of goods sold                                   449000

Finished Goods                                                                    449000

Accounts Receivable                                  547780

Sales Revenue                                                                     547780

**Sales  - Cost of job * 1.22 (22 % above cost)  

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

                Manufacturing overhead

                  Dr                                   Cr

             22000                             686700  

              38000

              104000

    <u>          131000                                                       </u>

Ending balance                             391700 - Favorable          

                           Work In process

                                   Dr                                Cr

beginning bal.        37000                            

                                152000                        

                                48000                            512000

    <u>                            686700                                                      </u>

Ending balance       411700        

     

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