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Ilia_Sergeevich [38]

2 years ago

3

John owns his own printing company. He wants to buy a new building since his business, created two years ago, is expanding so ra

pidly. John could call any resources to obtain a new loan in the primary mortgage loan business EXCEPT:

1 answer:

matrenka [14]2 years ago

8 0

Answer:

A mortgage broker. Have a good day! =)

Explanation:

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: i can't believe it! now our pay depends on meeting goals! doesn't effort count for anything anymore? i have the same goals tha

viva [34]

Setting the pay according to the goals achieved by a group may not be considered beneficial to everyone, thus decreasing motivation. Pay-for-performance or according to individual performance may help motivate the employee but increasing individuality in terms of performance may also decrease group cohesiveness or group-related values. The speaker here shows depreciation by undervaluing another's work to overvalue or protect one's own.

6 0

2 years ago

Inventory records for Herb's Chemicals revealed the following:

antiseptic1488 [7]

Answer:

Inventory= $5,040

Explanation:

Giving the following information:

March 1, 2021, inventory: 1,000 gallons @ $7.20 per gallon = $7,200

Purchases:

Mar. 10 600 gals @ $ 7.25

Mar. 16 800 gals @ $ 7.30

Mar. 23 600 gals @ $ 7.35

Sales:

Mar. 5 400 gals

Mar. 14 700 gals

Mar. 20 500 gals

Mar. 26 700 gals

Total units= 3,000

Total sales= 2,300

Ending inventory= 700 units

LIFO (last-in, first-out)

Inventory= 700*7.20= $5,040

8 0

2 years ago

Astro Corporation was started with the issue of 2,000 shares of $5 par stock for cash on January 1, 2018. The stock was issued a

BartSMP [9]

Answer:

Astro Corporation Income Statement

Revenues $31,000

<u>Expenses ($17,100)</u>

Net profit $13,900

Astro Corporation Statement of Changes in Shareholder Equity

Common stock APIC Ret. earnings Total

Balance Jan. 1 $10,000 $14,000 $24,000

Net income $13,900 $13,900

<u>Dividends ($2,000) ($2,000)</u>

Balance Dec. 31 $10,000 $14,000 $11,900 $35,900

Astro Corporation Balance Sheet

<u>Assets</u> <u>Liabilities</u>

Cash $35,900 $0

<u>Shareholders' equity</u>

Common stock $10,000

APIC $14,000

Retained earnings $11,900

Total $35,900 Total $35,900

Astro Corporation Statement of Cash Flows

<u>Cash flows from operating activities:</u>

Revenues $31,000

Expenses ($17,100<u>)</u>

Cash from operating activities $13,900

<u>Cash flows form financing activities:</u>

Stock issuance $24,000

Dividends paid ($2,000)

Cash from financing activities $22,000

Net increase in cash $35,900

6 0

2 years ago

Silver Spoon Service repairs commercial food preparation equipment. The following budgeted cost data is available for 2019: Time

stepladder [879]

Answer:

The rate charged per hour of labor is 120.

Explanation:

Rate charged per hour of labor is given by:

= Budgeted cost per labor hour + Profit margin

= 660000/10000 + 54

= 120

Therefore, The rate charged per hour of labor is 120.

5 0

2 years ago

The master budget of Carpenter Company shows that the planned activity level for next year is expected to be 100,000 machine hou

Gnom [1K]

Answer:

Total overhead cost= $988,000

Explanation:

Giving the following information:

Activity level= 100,000 machine hours

Indirect labor $480,000

Machine supplies 120,000

Indirect materials 140,000

Depreciation on factory building 100,000

First, we need to calculate the unitary overhead costs per machine-hours. <u>Depreciation is a fixed cost.</u>

Indirect labor= 480,000/100,000= $4.8

Machine supplies= 120,000/100,000= $1.2

Indirect materials= 140,000/100,000= $1.4

<u>Now, we can determine the total overhead cost for 120,000 machine hours.</u>

<u></u>

Indirect labor= 4.8*120,000= 576,000

Machine supplies= 1.2*120,000= 144,000

Indirect materials= 1.4*120,000= 168,000

Depreciation= 100,000

Total overhead cost= $988,000

8 0

2 years ago