Sometimes using a credit card is a better idea than using cash. Give some examples and explain your thinking

Andrew carnegie was a native of what country? ireland scotland switzerland united states 2. carnegie made his fortune primarily

slavikrds [6]

He was born in the city of Dunfermline which is in the country Scotland.

7 0

4 years ago

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Yancey Productions is a film studio that uses a job-order costing system. The company's direct materials consist of items such a

N76 [4]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Yancey applies its overhead cost to films based on direct labor-dollars.

At the beginning of the year, Yancey made the following estimates:

Direct labor dollars= 8,640,000

Fixed overhead cost= 5,184

Variable overhead cost per direct labor dollar= $0,21

To calculate the predetermined overhead rate we need to use the following formula:

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

Estimated manufacturing overhead rate= 5,184/8,640,000 + 0.21= 0.0006 + 0.21= $0.2106 per direct labor dollar

Now, we can calculate the allocated overhead for You Can Say That Again:

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

Allocated MOH= 0.2106*2,592,000= $545,875.2

8 0

3 years ago

Brief Exercise 233 Kinney Company purchased a truck for $66,000. The company expected the truck to last four years or 100,000 mi

babunello [35]

Answer:

$15,660

$16,500

Explanation:

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1 / useful life)

2 x (1 / 4 ) = 0.5

The depreciation expense in the first year = 0.5 x $66,000 = $33,000

Book value = $66,000 - $33,000 = $33,000

The depreciation expense in the second year = 0.5 x $33,000 = $16,500

The Units of production method = (miles driven in the second year / estimated total miles that can be driven) x (Cost of asset - Salvage value)

(27,000 / 100,000) × ($66,000 - $8,000)

= 0.27 x $58,000 = $15,660

I hope my answer helps you

4 0

3 years ago

Rufus Inc. and Hardy Company are negotiating a nontaxable exchange of business properties. Rufus’s property has a $50,000 tax ba

Norma-Jean [14]

Answer:

Which party to the exchange must pay boot to make the exchange work?

Rufus must pay boot since the FMV of its property is less than the FMV of Hardy's property.

How much boot must be paid?

$90,000 - $77,500 = $12,500

Assuming the boot payment is made, how much gain or loss will Rufus realize and recognize on the exchange, and what tax basis will Rufus take in the property acquired?

Rufus doesn't have any gain, and the tax basis for the new asset will be $50,000 + $12,500 = $62,500

Assuming the boot payment is made, how much gain or loss will Hardy realize and recognize on the exchange and what tax basis will Hardy take in the property acquired?

Since Hardy's property basis is $60,000 and it would be receiving $50,000 (Rufus's property) + $12,500 = $62,500, then it must recognize a $2,500 gain. The basis of Hardy's new property will be $62,500.

8 0

4 years ago

g "9. (a) Explain how financial ratio analysis of a firm’s projected cash flow budget could be efficiently used by its managers

grin007 [14]

Answer:

(a) the financial ratio will be calculated with the projections of the cash flow. This will help the company to determinate their liquidity needs and their other atios as to budget the cash flow, the company had to solve for their dividend plan (to solve for financing activities cashflow) this will allow to calcualte for dividend per share for example. Also, the budget solve for purchase and sale of long-term equipment this makes the company to plan ahead how it is going to finance this. It will allow to solve the long term debt to equity, the long term asset to equity among other.

Resuming the budgeting of the financial statement will allow the managers to check for the performance of the company if operations runs according to plan.

(b) the budget allow to forecast the future while it is certain that actual values will differ if it isn't working in the papper there are less chances of a good output in real-life thus, It is used to discard bad project and only actual realize thoseth good odds. Also, is a resource of control once the operation are concluded to look for deviancy. Whitout budgeting accounting there is no way to plant ahead the use of cash to the business requirement.

Explanation:

4 0

3 years ago