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Furkat [3]
2 years ago
11

Creative accountant who DIY their own accounting system go to jail. True or false

Business
1 answer:
Elza [17]2 years ago
3 0

Answer:

true

Explanation:

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You want to start an organic garlic farm. The farm costs $190,000, to be paid in full immediately. Year 1 cash flows will be $25
valentina_108 [34]

Answer:

internal rate of return 31.8%

Explanation:

on excel we will list each cash flow:

Y0 -190,000

Y1   25,000

Y2    37500 (Y1 x (1+g) = 25,000 x 1.05)

Y3 56250    (37,500 x 1.05)

Y4 84375     (56,250 x 1.05)

Y5 386562.5 (84,375 x 1.05 + 260,000 from the sale)

we now write =IRR( and select the cells then, press enter

the IRR function return: 31.8503%

we round into 1 percent 31.8%

3 0
2 years ago
Malcolm Company uses a weighted-average process costing system. All materials at Malcolm are added at the beginning of the produ
BARSIC [14]

Malcolm Company uses a weighted-average process costing system. All materials at Malcolm are added at the beginning of the production process. The equivalent units for materials at Malcolm would be the sum of Units in beginning work in process and units started.

Answer: Option (2) is correct

<u>Explanation:</u>

The weighted average process costing system is used in case of those processes of production which are standardized.

The beginning cost of work in the process is added to the cost during the period and then it is divided by total equivalent units to arrive at the average cost per unit. Now the equivalent units for material at Malcolm would be units in the beginning work in process and the units started.

7 0
2 years ago
Chip’s Woodworking manufactures and sells specialty wood plaques. The production manager reported that the company needs to prod
zheka24 [161]

Answer:

UNIT COST $32

Explanation:

the absorption costing system is the sum of expenses applicable to purchases and charges directly or indirectly incurred to produce a good or service.

This model considers both fixed and variable costs. Which translates into a higher unit cost.

in these case unit cost = 6+10+6+6+2+2 = 32

+Direct materials $6

+Direct labor $10

+Fixed manufacturing overhead $6,000  / 1000 units= $6

+Variable manufacturing overhead $6

+Fixed operating expenses (selling, general, and administrative) $2,000 / 1000 units=$2

Variable operating expenses (selling, general, and administrative $2

8 0
2 years ago
Gwendolyn Hunt was driving while intoxicated when she hit and killed Felicia Meyers, a seven- year-old, in a school crosswalk. G
BigorU [14]
<span>A major difference between juvenile and adult courts is that juvenile courts are more likely to consider extenuating circumstances (emotional, mental, situational, etc.). Frequently, young people will only be moved to adult courts if their crime was particularly heinous, a history of rehabilitation services have not improved the situation, the young person needs a significant about of intervention, or simply that the juvenile is nearly an adult. Though there is evidence of some past intervention on Gwendolyn's behalf, we have no evidence that the crime was planned. Though she was breaking the law and one could say that the possibility of an accident was a logical conclusion, there is (based on this) no evidence that she went out with the intention of hurting or killing someone. Also, given that she is still a minor and at an age when her reasoning abilities are not fully formed, she honestly may not have been able to make that connection. So, no, she should not be tried as an adult. However, she should serve actual time in a center, receiving rehabilitative services and completing community service in order to balance out some of the horror she has brought into the world through the death of a child.</span>
4 0
2 years ago
The table below shows a summary of Kaitlin's credit card statement for the month of February.
den301095 [7]

Answer:

A) 32 percent interest B) Yes it will be paid

Explanation:

23 times 42 divided by 7

6 0
2 years ago
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