Your friends left their belongings in your room. ask michiko whose items these are

1. A county uses the GAAP basis to report encumbrances. At the end of 2020 there are purchase orders outstanding, for which the

hram777 [196]

Answer:

A. Expenditures for 2020 will include the $40,000 purchase orders.

Explanation:

The only accounting technique or principle that is accepted by GAAP which is generally known as the generally accepted accounting principles, is the accrual basis accounting technique. This technique pertains to the matching principle by recording the income whenever it is earned and expenses as they happen.

The four fundamental constraints that are associated with GAAP include materiality, objectivity, consistency and prudence.

4 0

3 years ago

The Securities and Exchange Commission has accused Martha of benefiting unfairly from information secured from a corporate offic

USPshnik [31]

Answer:

Insider Trading

Explanation:

The Securities and Exchange Commission has accused Martha of benefiting unfairly from information secured from a corporate officer of Stewart Engineering. Because Martha used that information to profit in the stock market, she faces insider trading charges. As Martha has got the information from her inside sources and used that information to get profits in the stock market, this case typically falls under insider trading, where an individual has inside information about the processes and selling process which are otherwise not allowed and totally prohibited for anyone to get an access. This kind of activity and action is not only considered as an illegal action but also an unfair and unethical practice as well. Although the rules vary from country to country but general it is the same practice as we have mentioned it above. Many jurisdictions need that this kind of activity should be told so that it can be monitored and eventually stopped.

5 0

3 years ago

Guthrie Enterprises needs someone to supply it with 210,000 cartons of machine screws per year to support its manufacturing need

vlada-n [284]

Answer:

$6.9807 per carton

Explanation:

210,000 cartons of machine screws

equipment cost $2,650,000

depreciation per year = ($2,650,000 - $220,000) / 5 = $486,000

fixed manufacturing costs $705,000 per year

variable costs per carton = $9.51 x 210,000 = $1,997,100

initial investment in net working capital $375,000

tax rate 22%

discount rate 10%

price per carton?

initial investment = -$3,025,000

CF₁ = [(R - $705,000 - $486,000) x 0.78] + $486,000 = 0.78R - $442,980

CF₂ = [(R - $705,000 - $486,000) x 0.78] + $486,000 = 0.78R - $442,980

CF₃ = [(R - $705,000 - $486,000) x 0.78] + $486,000 = 0.78R - $442,980

CF₄ = [(R - $705,000 - $486,000) x 0.78] + $486,000 = 0.78R - $442,980

CF₅ = [(R - $705,000 - $486,000) x 0.78] + $486,000 + $220,000 + $375,000 = 0.78R + $152,020

$3,025,000 = (0.78R - $442,980) / 1.1 + (0.78R - $442,980) / 1.1² + (0.78R - $442,980) / 1.1³ + (0.78R - $442,980) / 1.1⁴ + (0.78R + $152,020) / 1.1⁵ = 0.709R - $402,709 + 0.645R - $366,099 + 0.586R - $332,817 + 0.533R - $302,561 + 0.484R + $94,392

$3,025,000 = 2.957R - $1,309,794

$4,334,794 = 2.957R

R = $4,334,794 / 2.957 = $1,465,943.19

total revenue = $1,465,943.19

revenue per carton = $1,465,943.19 / 210,000 = $6.98

4 0

4 years ago

On September 30, 2021, Bricker Enterprises purchased a machine for $203,000. The estimated service life is 10 years with a $19,0

sergeinik [125]

Answer:

Bricker Enterprises

Depreciation for 2021, using the double-declining-balance method, would be:

= $9,200.

Explanation:

a) Data and Calculations:

September 30, 2021:

Cost of purchased machine = $203,000

Estimated residual value = 19,000

Depreciable amount = $184,000

Estimated service life = 10 years

Depreciation rate using the double-declining-balance method = 20% (100/10 * 2)

Depreciation expense for the first year based on the double-declining-balance method:

= $36,800 ($184,000 * 20%)

Prorated depreciation expense for 2021 = $9,200 (($184,000 * 20%) * 3/12))

3 0

3 years ago

The video mentions the loss of U.S. manufacturing jobs to overseas locations. What is this called? What is the opposite trend th

sleet_krkn [62]

The correct answers are as follows:
1. The loss of US manufacturing jobs to oversea location is called OUTSOURCING.
Outsourcing refers to a situation in which a company transfer part of its production process to external suppliers rather than completing the whole process internally. This method is usually employed in order to reduce the cost of production. The most important cost of production that is always reduced by employing the method of outsourcing is labor cost, because it is one of the highest cost in the production process. Most manufacturing companies in US now take part of their manufacturing process to other countries of the world such as China, where labor cost and other production costs are drastically reduced compare to that of USA. This increases the profits realized by the companies.

2. The opposite trend that has occurred in the United States with companies like Toyota and Honda is FOREIGN COMPANIES OPENING MANUFACTURING PLANTS IN THE US AND EMPLOYING A LARGE NUMBER OF WORKERS.
In contrast to outsourcing, big car companies like Toyota and Honda are now locating their companies in the United States.These companies normally need large number of worker to keep things moving, thus, a massive number of US citizens are been employed by these companies. The companies are thus playing a key role in the US employment sector.

3 0

3 years ago