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2 years ago

Rockwood International needs to make risky decisions on a daily basis. Therefore, its managers are likely to

Business

1 answer:

gizmo_the_mogwai [7]2 years ago

5 0

Answer:

Centralize decision making

Explanation:

From the question we are informed about Rockwood International who needs to make risky decisions on a daily basis. Therefore, its managers are likely to Centralize decision making.

Centralization can be regarded as setup whereby decision-making powers are been concentrated or given to few leaders that are on top of the organizational structure. Decisions making are been carried out at the top then communicated to lower-level managers so that implementation can take place.

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In 2021, DFS Medical Supply collected rent revenue for 2022 tenant occupancy. For income tax reporting, the rent is taxed when c

oee [108]

Answer:

Debit Income tax expenses for $850,000; Debit Deferred Tax asset for $110,000; and Credit Income tax payable for $960,000.

Explanation:

Before the journal entry is prepared, the following are first calculated:

a. Deferred tax assets = Deferred portion of the rent collected in 2021 * Tax rate = $440,000 * 25% = $110,000

b. Income tax expense = 2021 Income tax payable - Deferred portion of the rent collected in 2021 = $960,000 - $110,000 = $850,000

The journal entry to record Income taxes for 2021 will look as follows:

Date General Journal Debit ($) Credit ($)

31 Dec 2021 Income tax expenses 850,000

Deferred Tax asset 110,000

Income tax payable 960000

(To record income tax expenses.)

8 0

2 years ago

When sam goes to a restaurant, he always tips the server $2 plus 10% of the cost of the meal. if sam’s distribution of meal cost

o-na [289]

Given that Sam's distribution of meal costs has a mean of $9 and a standard deviation of $3, this means that the range of Sam's meal cost that are within one standard deviation is given by ($9 - 3, $9 + 3) = ($6, $12).

Given that Sam always tips the server $2 plus 10% of the cost of the meal, this means that when the cost of the meal is $9, Sam tips $2 + (0.1 x 9) = $2 + $0.9 = $2.90

Therefore, the mean of the distribution of Sam's tips is $2.90

Similarly, the range of Sam's tips that are within one standard deviation is given by ($2 + 0.1(6), $2 + 0.1(12)) = ($2 + 0.6, $2 + 1.2) = ($2.6, 3.2) = ($2.9 - $0.3, $2.9 + $0.3)

Therefore, the standard deviation of the distribution of Sam's tips is $0.3

5 0

2 years ago

Which of these transactions would produce $10,000 of revenue in December? (check all that apply) BOC Realty leases space to a te

Luba_88 [7]

Answer:

From the given question, the following transactions would produce $10,000 of revenue in December which are:

BOC Realty leases space to a tenant for December and the tenant pays the $10,000 rent in cash in December = YES

BOC Realty leases space to a tenant for December and sends a bill for the $10,000 rent to be paid in January =YES

BOC Realty leases space to a tenant for December and January. the tenant pre-paid the $20,000 rent for the two months in November=YES and BOC Bank is owed $10,000 of interest on a loan for December and receives the payment in January =YES

Explanation:

Solution

Given that:

Now,

From the question stated it says that which of these transactions would produce $10,000 of revenue in December,

Thus,

BOC Realty leases space to a tenant for December and the tenant pays the $10,000 rent in cash in December = YES

BOC Realty leases space to a tenant for December and sends a bill for the $10,000 rent to be paid in January =YES

BOC Bank is owed $10,000 of interest on a loan for December and receives the payment in January =YES

BOC Bank receives a check for $10,000 in December for November's interest amount =NO

BOC Realty leases space to a tenant for December and January. the tenant pre-paid the $20,000 rent for the two months in November=YES

6 0

2 years ago

Bentley manages a building supply company. He wants to invite 20 of his most valuable building-contractor customers to a golf ou

Radda [10]

Bentley will likely use the firm's CRM databases to identify these customers.

Explanation:

CRM databases collect information about the customers. It can be used to identify the best customers. The database stores the annual sales report.

CRM is a customer relationship management that manages the interaction between company and customers.

CRM database holds all the data related to the customers like their name, email address, age, Skype address and occupation details.

In the above scenario, Bentley can use CRM database to filter twenty valuable building contractor customers and invite them for golf outing and party.

6 0

2 years ago

Southern Rim Parts estimates its manufacturing overhead to be $396,000 and its direct labor costs to be $990,000 for year 1. The

S_A_V [24]

Answer:

Southern Rim Parts

Journal Entry:

Account Title Debit Credit

Work-in-process inventory $9,760

Finished goods inventory 24,400

Cost of goods sold 63,440

Manufacturing overhead $97,600

To record the prorated under-applied overhead cost.

Explanation:

a) Data and Calculations:

Estimated manufacturing overhead = $396,000

Estimated direct labor costs = $990,000

Actual manufacturing overhead = $434,000

Actual direct labor costs = $841,000

Predetermined overhead rate = estimated overhead/estimated direct labor costs = $396,000/$990,000 = $0.40 per DL

Applied overhead:

Work-in-process inventory $ 33,640

Finished goods inventory 84,100

Cost of goods sold 218,660

Total overhead applied = $336,400

Underapplied overhead = $97,600 ($434,000 - $336,400)

Prorating the underapplied overhead to:

Work-in-process inventory $33,640/$336,400 * $97,600 = $9,760

Finished goods inventory 84,100/$336,400 * $97,600 = $24,400

Cost of goods sold 218,660/$336,400 * $97,600 = $63,440

Total underapplied overhead = $97,600

5 0

2 years ago