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2 years ago

The following items were selected from among the transactions completed by O’Donnel Co. during the current year:

Business

1 answer:

FrozenT [24]2 years ago

6 0

Answer:

Explanation:

Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year.

The solution to the above has been attached.

b. Journalize the adjusting entry for each of the following accrued expenses at the end of the current year (refer to the Chart of Accounts for exact wording of account titles):

The solution to the question has been attached.

It should be noted that:

March 11: Interest Expense was calculated as:

= ($240,000 × 30/360 × 4%)

= $240,000 × 0.0833 × 0.04

= 800

Check the attached file

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Solartech Corporation, a U.S. exporter, sold a solar heating station to a Japanese customer at a price of 143.5 million yen, whe

Ulleksa [173]

Answer:

$929,404.15 (approx)

Explanation:

The dollar amount actually earned by Solartech after exchanging yen for U.S. dollars :-

= Price ÷ One dollar bought

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= $929,404.15 (approx)

Therefore for computing the dollar amount actually earned by Solartech after exchanging yen for U.S. dollars, we simply divide price by one dollar bought.

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2 years ago

Vandelay Industries is considering the purchase of a new machine for the production of latex. Machine A costs $3,130,000 and wil

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2 years ago

All of the following are negative impacts of downsizing on organizational performance, except ________. a) less commitment to th

Zina [86]

Answer: e) lower wage costs

Explanation: Reduction in the size of the workforce always have an immediate positive result or outcome in the case of lower wage costs. Companies who tend to cut employees and don't restructure experience stress reactions among their employees that can lead to increased sickness absences, lower concentration on the job, and lower creativity. But reduction in wages tend to have positive effects on the company.

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2 years ago

Read 2 more answers

Widgeon Co. manufactures three products: Bales, Tales, and Wales. The selling prices are $55, $78, and $32, respectively. The va

klemol [59]

Answer:

Contribution = $35 X 2,00 = $7,000

But it has no warrant of demand therefore this additional contribution can only be realized on sale of 2,00 units.

Explanation:

Provided

Products Bales Tales Wales

Selling Price $55 $78 $32

Less: Variable Cost $20 $50 $15

Contribution per unit = $35 $28 $17

Hours per unit required 5 7 1

Contribution per hour $35/5 $28/7 $17/1

$7 $4 $17

Second highest contribution margin per hour is of Bales, first is of Wales. We need to produce and sale the product with second highest margin per hour that is Bales, but since the first 1,000 units were used to produce goods with highest contribution margin per unit, and provided here is no warrant of its demand, it shall not be produced any further.

Now Wales shall be produced as it has highest contribution margin per hour.

Units produced within 1,000 hours of Wales = 1,000/1 hours = 1,000 units.

Contribution = 1,000 units of Wales X $17 = $17,000.

But it is asked - maximum additional contribution margin that can be realized by utilizing the remaining 1,000 hours on the product with the second highest contribution margin per hour is of Bales in that case

No of units = 1,000/5 = 2,00 units

Contribution = $35 X 2,00 = $7,000

But it has no warrant of demand therefore this additional contribution can only be realized on sale of 2,00 units.

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2 years ago

Xerox, the U.S. Postal Service, and McDonald's have enjoyed significant market power in the past. List and explain three major

Elena L [17]

Answer:

Correct Answer:

E. fewer substitutes are available because consumers are more sensitive to prices.

Explanation:

Market power is the ability of a company to successfully influence the pricing of its products or services in the overall marketplace. This is common among most big corporations that produces consumer goods and offer services.

This market power can be influenced by some factors. On the other-hand, the market power could be eroded leading to inability of the companies to influence prices do to the following:

1. Number of companies in the market: The lower the companies producing same product in the market, the higher the chances of the companies to be able to influence market prices. Otherwise, the market power will be eroded due to high number of companies.

2. Elasticity of demand: The persistent demand of a product by people helps to determine the market power of those companies. When this is lacking, the market power is eroded.

3. Product differentiation: The ability of a company to provide a unique product that offers good services in a market helps it to achieve market power. Lack of these erodes the market power.

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2 years ago