Naomi is sixteen and she would like to open a savings account. Select each of the steps she will need to take.

Omicore Softworks, a software development firm, undertook a project that involved developing a bespoke accounting software for a

kupik [55]

Answer:

J-shaped curve

Explanation:

Project life cycle is the cycle or the phase, where the project goes or dealt with the initiation to its closure. In short, it can be defined and modified as per the aspects and the needs or requirements of the company.

J- shaped curve, is the curve which has the life cycle curve, that is convex to the baseline at the finish or end of the life of the project. And the curves runs or move parallel to the y axis.

Under this situation, the scenario of the project is J-shaped curve.

6 0

2 years ago

Exercise 10-3 Sell or process further LO P2 Cobe Company has already manufactured 28,000 units of Product A at a cost of $28 per

kozerog [31]

Answer:

The company should process the units further.

Explanation:

Base on the scenario been described in the question, we can be able to use the method to prepare an analysis that shows whether the 28,000 units of Product A should be processed further or not.

Sell as is Process

further

Sale as is (28,000 units x $25.00) $700,000

Process further (5,600 units x $105) + (11,200 x $70) $1,372,000

Cost to process further (420,000)

Incremental income (loss) $700,000 $952,000

The company should process the units further

7 0

2 years ago

Novak Corp. redeemed $134,000 face value, 10% bonds on April 30, 2022, at 103. The carrying value of the bonds at the redemption

Fittoniya [83]

Answer:

bonds payable 134,000 debit

loss on redemption 17,018 debit

cash 138,020 credit

discount on bonds payabke 12,998 credit

Explanation:

redemption disbursement:

face value x redemption quote

134,000 x 103/100 = 138,020

carrying value: 121,002

loss at redemption 17,018

We are using 138,020 cash(asset) to pay a liability for 121,002

discount/premium on the bonds:

face value 134,000

carrying value 121,002

discount: 12,998

In the journal entry we must write-off the bond payable and the discount. Then, declare the loss at redemption and the cash used.

3 0

2 years ago

The following costs and inventory data were taken from the accounts of Simon Company for 2010:

kenny6666 [7]

Answer:

Part a

Direct Materials Schedule

Beginning Materials $ 8,000

Add Purchases $83,000

Less Ending Materials ($ 7,000)

Less Indirect materials ($4,000)

Direct Materials Used in Production $80,000

Part b

Overheads Incurred during the year

$

Factory rent 8,000

Factory utilities 10,000

Indirect materials 4,000

Indirect labor 6,000

Total Overheads $28,000

Part c

Cost of Goods Manufactured Schedule

Direct Materials $80,000

Direct labor $42,000

Overheads $28,000

Add Opening Work In Process $15,000

Less Closing Work In Process ($13,000)

Cost of Goods Manufactured $152,000

Part d

Cost of Goods Sold

Beginning Finished goods Inventory $16,000

Add Cost of Goods Manufactured $152,000

Less Ending Finished Goods Inventory ($12,000)

Cost of Goods Sold $156,000

Explanation:

The following steps must be done to reach the cost of goods sold :

Use the Manufacturing Cost Schedule to calculate the Cost of Goods Manufactured
Use the Finished Goods Inventory Account to calculate the Cost of Goods Sold.

See the calculations and schedules prepared above.

8 0

2 years ago

1.) The Korean steel company PoSCO trades in the US on the NYSE as an ADR with the symbol PKX. The price of an ordinary share on

ArbitrLikvidat [17]

Answer:

a) 31.25%

b) 74.83%

Explanation:

You need to take below steps in the investment circle:

(1) You have $100,000 to invest and the price of the ADR is $100; so you can buy 1,000 ADRs = $100,000/ $100

(2) It takes 4 ADRs to buy 1 ordinary share; so with 1,000 ADRs you can buy 250 ordinary shares = 1,000 ADRs / 4 ADRs

Six months from today, price for 1 ordinary share is KRW525,000 and the exchange rate is KRW1,000/$.

(3) If you sell 250 ordinary shares, you can get KRW131,250,000 = 250 shares x KRW525,000

(4) Then you sell KRW131,250,000 to get $131,250 = KRW131,250,000/ exchange rate KRW1,000/$

So the profit after 6 months is $31,250 = $131,250 - $100,000

The rate of return is 31.25% = $31,250/$100,000 x 100%

Suppose 3 ADRs buy 1 ordinary share, then some steps changed as below:

(1) same as above

(2) you can buy 333 ordinary shares = 1,000 ADRs / 3 ADRs

(3) If you sell 333 ordinary shares, you can get KRW174,825,000 = 333 shares x KRW525,000

(4) Then you sell KRW174,825,000 to get $174,825 = KRW174,825,000/ exchange rate KRW1,000/$

So the profit after 6 months is $74,825 = $174,825- $100,000

The rate of return is 74.83% = $74,825/$100,000 x 100%

7 0

2 years ago