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gizmo_the_mogwai [7]

2 years ago

7

The activities that must be completed prior to the start of an activity in question are called the immediate ________ of the act

ivity in question.

1 answer:

marta [7]2 years ago

3 0

Answer:

events

Explanation:

it is an emergency situations that needs to be answered quickly

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Assume US GAAP to answer this question. In 2017, $2 million in wages were earned and no cash wages were paid. In 2018, $8 millio

kari74 [83]

Answer: a. Liabilities increased by $1.0 million in 2018

Explanation:

In 2018, $9 million was used to settle the wage debt of 2017 and the remainder was used to settle the wages in 2018.

The money remaining in cash after the wage settlement was:

= 9,000,000 - 2,000,000 - 8,000,000

= -$1,000,000

This means that $1,000,000 of wages was not settled in 2018 which means that this would have to go to the Wages Payable account to signify that the company owes wages.

This account is a liability account so liabilities in 2018 would increase by $1,000,000.

6 0

3 years ago

How can conflicts between the interests of stakeholders be resolved by a corporation's management?

Furkat [3]

<span>A corporation is really a macrocosm of a family. The parents must look at themselves and each child to determine how money and time is spent. Often families sit together and discuss issues to come up with a resolution that each family member agrees to. The kids get to give their ideas too. A corporation really just needs to look at themselves as a huge family. The first thing management needs to do is determine the wants and desires of each group of stakeholders. This can be done in forums, surveys or small group meetings. This gives management a better picture of what is wanted as well as giving voice to stakeholders; some of whom would otherwise feel marginalized. The next task would be to put together a small team representing each of the stakeholder groups as well as representatives of corporate management. They would be presented with the results of the forum/survey/meetings. A third party facilitator should be present and guide the team in discussing each stakeholder interest. The initial meeting(s) would be information gathering and a chance to see issues from each stakeholder group's perspective. Subsequent meetings would then discuss and brainstorm ideas to reach compromises that benefit each group. Remember that a compromise is a win win scenario in which all parties give a little to get a little. Most decisions and agreements in life are not black and white, but shades of gray. Each group of stakeholders must be willing to step into the gray zone and not expect everything they desire. The idea of including stakeholders in the decision making process makes each group feel they are being heard. It also improves the chances of success in actions decided because of mutual buy-in by all stakeholder groups. This is why families use this approach especially in dealing with family rules. After a reasonable amount of time, which will depend upon the issue, the situation should be analysed to see if tweaks need to be done. The team could meet again or another team selected to see what new ideas could be generate.</span>

4 0

3 years ago

Hatter Company purchased land, a building, and equipment for $450,000 on January 1, Year 1. The land had an appraised value of $

Crank

Answer:

the cost to be assigned to the building is $288,000

Explanation:

The Costs of Land, Building and Equipment have to be determined separately due to the fact that their usage is different and hence depreciation charges are different.

The Appraisal value is used to apportion the cost of $450,000 to the Land, Building and Equipment as follows :

PPE Item Appraised Value

Land $100,000

Building $320,000

Equipment $80,000

Total $500,000

Apportionment of Cost to Building :

Building = $320,000/ $500,000× $450,000

= $288,000

6 0

3 years ago

XYZ Company completed the following selected transactions:

Setler [38]

Answer:

2018

Date Account Tiles Debit$ Credit$

Jul.1 Notes receivable- Gp-Mart 43,000

Sales 43,000

Oct.31 Cash 23,000

Sales 23,000

Dec.31 Interest Receivable 3,440

Interest revenue 3,440

(43,000*16%*6/12)

Dec.31 Bad Debt Expense 4,200

Allowance for Bad Debt 4,200

(14,900 - 10,700)

2019

Date Account Tiles Debit$ Credit$

Apr.1 Cash 48,160

Notes receivable- Gp-Mart 43,000

Interest Revenue 1,720 (43,000*16%*3/12)

Interest Receivable 3,440

Jun.23 Note Receivable- Allure, Corp 7,000

Sales 7,000

Aug.22 Accounts receivable -Allure, Corp 7,070

Note Receivable- Allure, Corp 7,000

Interest revenue 70 (7,000*6%*60/360)

Nov.16 Note receivable - Tench . Inc 20,000

Cash 20,000

Dec.5 Cash 7,070

Accounts receivable -Allure, Corp 7,070

Dec.31 Interest Receivable 200

Interest revenue 200

(20,000*8%*45/360)

8 0

3 years ago

Claremore Industries uses a weighted-average process-costing system. All materials are added at the beginning of the process; co

riadik2000 [5.3K]

Answer: $78000

Explanation:

First, we have to calculate the total.costnoer equivalent unit which will be the addition of the material cost per unit and the conversion cost per unit. This will be:

Material cost per unit = $220,000 / (40,000+15,000)

= $220,000 / 55000

= $4

Conversion cost per unit= $414,000 / (40,000 + (15,000*40%)

= $414000 / 46000

= $9

Therefore, total cost per equivalent unit will be: $4 + $9 = $13

Then, the equivlant unit of the ending work in process would be calculated as:

= 15,000 × 40%

= 15000 × 40/100

= 15000 × 0.4

= 6,000

The cost of the ending work in process will then be:

= 6,000 × $13

= $78,000

4 0

3 years ago