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2 years ago

Peters Manufacturing Company has the following data at June 30, 2019:

Business

1 answer:

nignag [31]2 years ago

5 0

Answer:

Gross Profit $ 74,000

Cost of Goods sold $ 506,000

Explanation:

Peters Manufacturing Company

Income Statement

June 30, 2019

Sales $580,000

Total manufacturing costs 430,000

Add Work in process inventory, June 1 18,100

Cost of Goods Available for Manufacturing 548,100

Less Work in process inventory, June 30 30,400

Cost Of Goods Manufactured 517,700

Add Finished goods inventory, June 1 43,500

Cost Of Goods Available for Sale 561,200

Less Finished goods inventory, June 30 55,200

Cost of Goods sold $ 506,000

Gross Profit $ 74,000

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Brown Company purchased equipment in 2011 for $150,000 and estimated a $10,000 salvage value at the end of the equipment's 10-ye

vazorg [7]

Answer:

The journal entry for disposal of equipment will be as follows;

Explanation:

Accumulated Depreciation Dr.$98,000

Cash Dr.$40,000

Loss on disposal (150-98-40) Dr.$12,000

Equipment Cr.$150,000

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2 years ago

Read 2 more answers

Thinking back to the "Going on a Business Trip to China" case study below, does Judith demonstrate cultural intelligence? Yes or

djverab [1.8K]

Answer:

Consider the following explanation

Explanation:

I imagine that the social cultural measurement that can clarify this circumstance and how it played out is decisiveness. I imagine that emphaticness was utilized and can help this clarification since confidence is characterized as "managing the level of encounter and straightforwardness that is fitting and beneficial."

Now to China and Bo Chen, this could have come as being commonplace since they have a low-decisiveness culture contrasted with different nations. At the point when Judith calls him "Bo" rather than "Mr. Chen" it can be clarified as an indication of ease and put stock in originating from Judith. Individuals and societies with low confidence frequently utilize delicate and lovely dialect and stress correspondence and utilize agreeable dialect, for example, they did here.

The best social measurement & cultural dimension that best clarifies this circumstance is future introduction (FO). Future introduction is characterized as "includes how much societies will forfeit current needs to accomplish future needs."

For this particular circumstance, the organization Judith works for is seeking after a long haul association with Bo Chen's organization (Shunde Manufacturing Company). In doing as such, she needs to wind up versatile and trusted by Chen's organization, so the toast is an indication of regard despite the fact that her primary objective is to get serious, this a stage in traveling that way.

8 0

2 years ago

Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $18,000. Budgeted cash receipts total

romanna [79]

Answer:

$30,000 excess

Explanation:

Beginning cash balance + Budgeted receipts - Budgeted disbursements + excess/deficiency = desired ending balance

$18,000 + $175,000 - $174,000 + $X = $49,000

$19,000 + $X = $49,000

$X = $49,000 - $19,000

$X = $30,000

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2 years ago

Contractionary fiscal policy to prevent real gdp from rising above potential real gdp would cause the inflation rate to be _____

vekshin1

Answer:

Contractionary fiscal policy to prevent real gdp from rising above potential real gdp would cause the inflation rate to be LOWER and real gdp to be LOWER.

Explanation:

A government engages in contractionary fiscal policy when it decreases spending or increases taxes. This is done to lower the economy's inflation rate, but it also decreases aggregate income which will decrease aggregate supply, resulting in a lower real gross domestic product.

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2 years ago

In 2004, researchers Marianne Bertrand and Sendhil Mullainathan sent fictitious resumes in response to employers' help-wanted jo

Neporo4naja [7]

The results of this study indicate that employment decisions of some employers might not be status blind and could indicate illegal discrimination under Civil Rights Act of 1964.

Explanation:

An important act in US is The Civil Rights Act of 1964. This law came into act on 2nd July, 1964. This law has rules and regulations that are against the inequalities and discrimination that prevails in schools, public areas and also in employment areas. The inequality may be based on the gender, nationality, religion,race or color.

In the example given, the discrimination of employment occurs based on the names that belongs to white and black. It has been stated that the names related to whites will get 50% of callbacks when compared to the names of the blacks. Hence, the decisions that are taken by the employers should not be status blind and this illegal inequalities comes under Civil Rights Act of 1964.

8 0

2 years ago