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Nutka1998 [239]

3 years ago

15

Value stream mapping is used to identify all of the value-adding as well as non-value-adding processes that materials are subjec

ted to within a plant.
a. true
b. false

1 answer:

julia-pushkina [17]3 years ago

3 0

True the answer is true

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On April 15, 2012, Andy purchased some furniture and fixtures (7-year property) for $10,000 to be used in his business. He did n

jenyasd209 [6]

Answer:

$874.50

Explanation:

Calculation to determine the cost recovery deduction for 2020

2020 cost recovery deduction = $10,000 × 17.49% × ½

2020 cost recovery deduction = $874.50

Therefore the cost recovery deduction for 2020 is $874.50

8 0

3 years ago

In early July, Damon Rutton purchased a $70 ticket to the December 15 game of the Sarasota Shippers. Parking for the game was ex

Bingel [31]

Answer:

Sunk cost will be = $70

Explanation:

Sunk Cost refers to the cost for which the amount has been already spent, and cannot be recovered. These are generally incurred and then not regarded for decision making as irrespective of decision being viable or not this cost cannot be avoided.

In the given instance, Damon Rutton Purchased the ticket of $70

This is the only cost which has already been incurred, else other costs of parking and food will only be incurred if he visits the game of Sarasota Shippers.

When he spend some time with his wife sunk cost will be = $70

8 0

3 years ago

Suppose that the pound is pegged to gold at 6 pounds per ounce, whereas the franc is pegged to gold at 12 francs per ounce. This

zmey [24]

Answer:

we can look at this problem from 2 different point of views:

if you have francs and wish to buy pounds: then you take 12 francs and purchase 1 ounce of gold, and then you sell it for 6 pounds. This way you will only spend 2 francs per each pound instead of 2.2.

if you have pounds and want to make a gain: you take 6 pounds and purchase 13.2 francs and you then buy 1.1 ounces of gold. Then you sell the 1.1 ounces of gold in exchange for 6.6 pounds.

Any of the scenarios does not include any transaction prices nor shipping costs, it is only theoretical.

4 0

3 years ago

During the current year, sales on account were $306,673, collections on account were $290,750, write-offs of bad debts were $7,0

sweet-ann [11.9K]

Answer:

1-a. Complete the Accounts Receivable and Allowance for Doubtful Accounts T-accounts to determine the balance sheet values. Disregard income tax considerations.

Accounts Rec T-Account

$ 306.673 Debit

$ 290.750 Credit

$ 7.059 Credit

$ 8.864 Debit Balance

Allowance for Doubtful Accounts T-Account

$ 7.059 Debit

$ 4.775 Credit

$ 2.284 Debit Balance

1-b. Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the income statement for the current year.

$ 4.775 Dr Bad Debt Expense

1-c. Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the balance sheet for the current year.

$ 2.284 Dr (Debit) Allowance for Uncollectible Accounts

$ 8.864 Dr (Debit) Accounts Receivable

Explanation:

Initial Balance

Dr Accounts Receivable $ 306.673

Write-offs of bad debts

Cash $ 290.750

Cr Accounts Receivable $ 290.750

Write-offs of bad debts

Dr Allowance for Uncollectible Accounts $ 7.059

Cr Accounts Receivable $ 7.059

Bad debt expense adjustment

Dr Bad Debt Expense $ 4.775

Cr Allowance for Uncollectible Accounts $ 4.775

1-b. Complete the amounts related to Accounts Receivable and

Bad Debt Expense that would be reported on the INCOME STATEMENT for the current year

Dr Bad Debt Expense $ 4.775

1-c. Complete the amounts related to Accounts Receivable and

Bad Debt Expense that would be reported on the BALANCE SHEET for the current year.

Dr Allowance for Uncollectible Accounts $ 2.284

Dr Accounts Receivable $ 8.864

6 0

3 years ago

Suire Corporation is considering dropping product D14E. Data from the company's accounting system appear below:

Oksana_A [137]

Answer and Explanation:

a. The computation of the net operating income earned is shown below:

Sales $800,000

Less: Variable cost -$381,000

Contribution margin $419,000

Less: Fixed manufacturing expenses - $263,000

Less : Fixed selling and administrative expenses - $211,000

Net operating income or (Loss) -$55,000

b. The computation of the financial advantage (disadvantage) of dropping product D14E is shown below:

Sales $800,000

Less: Variable cost -$381,000

Contribution margin $419,000

Less: Fixed manufacturing expenses - $202,500

Less : Fixed selling and administrative expenses - $117,500

Financial disadvantage -$99,000

Since there is a financial disadvantage so the product should not be dropped

We simply applied the above equation

7 0

3 years ago