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Kamila [148]
3 years ago
15

In the five forces model, the __________ that companies compete against one another for customers, the _________ the level of pr

ofits is likely to be for that industry.
Business
1 answer:
slava [35]3 years ago
3 0
<span>In the five forces model, the more that companies compete against one another for customers, the lower the level of profits is likely to be for that industry.</span>
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After the accounts have been adjusted at April 30, the end of the fiscal year, the following balances were taken from the ledger
Delicious77 [7]

Answer:

April 30

Dr Fees earned 356,500

Cr Income summary356,500

April 30

Dr Income summary 363,600

Cr Wages expense 283,100

Cr Rent expense 56,000

Cr Supplies expense 11,500

Cr Miscellaneous expense 13,000

April 30

Dr Felix Goodwin, capital 7,100

Cr Income summary 7,100

April 3.0

Dr Felix Goodwin, capital 10,500

Cr Felix Goodwin, drawing 10,500

Explanation:

Preparation of the journal entry for the two entries required to close the accounts.

April 30

Dr Fees earned 356,500

Cr Income summary356,500

April 30

Dr Income summary 363,600

(283,100+56,000+11,500+13,000)

Cr Wages expense 283,100

Cr Rent expense 56,000

Cr Supplies expense 11,500

Cr Miscellaneous expense 13,000

April 30

Dr Felix Goodwin, capital 7,100

Cr Income summary 7,100

(363,600-356,500)

April 3.0

Dr Felix Goodwin, capital 10,500

Cr Felix Goodwin, drawing 10,500

5 0
3 years ago
Hawkins Company has owned 10 percent of Larker, Inc., for the past several years. This ownership did not allow Hawkins to have s
Darya [45]

Answer:

There will be no recorded change because the equity method comes into play from the acquisition date

Explanation:

In the event that Hawkins Company purchases or acquires another 30 percent of Larker, Inc. to add to their initial 10 percent holding, there will be no change in the investor report. This is because using the equity method, any investor report only starts taking into effect from the day the acquisition was made. Older statements and reports are not tampered with, as the investor did not have up to 40% of the company at that point  in time.

7 0
3 years ago
The following graph compares the greenhouse gas emissions from different forms of electricity production.
Darina [25.2K]

Answer:

A.Nuclear power releases less greenhouse gases than other forms of power.

Explanation:

correct on edge

8 0
2 years ago
Read 2 more answers
Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the be
Andre45 [30]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Machine-hours required to support estimated production 155,000

Fixed manufacturing overhead cost $ 653,000

Variable manufacturing overhead cost per machine hour $ 4.70

<u>First, we need to calculate the predetermined overhead rate.</u>

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

Predetermined manufacturing overhead rate= (653,000/155,000) + 4.7

Predetermined manufacturing overhead rate= $8.91 per machine hour

Job 400:

Direct materials $ 390

Direct labor cost $ 220

Machine-hours used 37

<u>T</u><u>o allocate overhead, we need to use the following formula:</u>

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

Allocated MOH= 8.91*37= $329.67

<u>Now, we can calculate the total cost and unitary cost:</u>

Total cost= 390 + 220 + 329.67= 939.67

Unitary cost= 939.67/60= $15.66

<u>Finally, the selling price for Job 400:</u>

Selling price0 939.67*1.2= $1,127.6

5 0
3 years ago
On January 1, 2020, Mirada, Inc. issued five year bonds with a face value of $100,000 and an annual stated rate of 8%. Interest
Sergio039 [100]

Answer:

Book Value of bond = $106,931

Explanation:

Given:

Face value of bond = $100,000

Issue price = $108,425

Computation:

Interest payment = $100,000 x 8%

Interest payment = $8,000

Interest expense = $108,425 x 6%

Interest expense = $6,505.50

Amortization of premium = $8,000 - $6,505.50

Amortization of premium = $1,494.50

Book Value of bond = $108,425 - $1,494.50

Book Value of bond = $106,931

3 0
3 years ago
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