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1 year ago

The pdca cycle is a powerful approach for problem solving as it provides the foundation for teams to

1 answer:

4 0

The pdca cycle is a powerful approach for problem solving as it provides the foundation for teams to figure out ways to change and implement new ideas within their group setting and project or business. The PDCA stands for plan-do-check-act. In the planning stage your team will plan by determining what the problem is and what ways to fix it. In the do stage, your team will act on the ways you can solve the problem. In the check stage you are looking to check your work and see what worked and what needs to be changed. The final stage is the act stage which if you find solutions that work, implement them moving forward.

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Larry recently invested $24,400 (tax basis) in purchasing a limited partnership interest in which he will have no management rig

n200080 [17]

Answer:

$2,600.

Explanation:

Considering the available information given the in the question, we have:

Larry’s tax basis is $24,000

His at-risk amount is $24,000.

Consequently, the basis and at-risk hurdles are not considered.

On the other hand, given that Larry still may not deduct $2,600 of the $3,750 loss because he only has $2,600 of passive income for the year.

Hence, Larry has a $2,600 passive activity loss carryover.

Therefore, the Deductible Loss is $2,600.

8 0

1 year ago

ZImmerman Company supplies schools with floor mattresses to use in physical education classes. Zimmerman has received a special

Crank

Answer and Explanation:

(a)

Reject Order

Revenues$ -0-

Cost of Goods Sold-0-

Operating Expense-0-

Net Income$ -0-

Accept order

Revenues$27,000

Cost of Goods Sold $18,900

Operating Expense $9,600

Net Income$ ($1,500)

Net income Increased (Decreased)

Revenues $27,000

Cost of Goods Sold ($18,900)

Operating Expense ($9,600)

Net Income$ ($1,500)

Variable cost of goods sold = $4,200,000 × 75% = $3,150,000.

Variable cost of goods sold per unit =

$3,150,000 ÷ 100,000 = $31.50

Variable cost of goods sold for the special order = 600 × $31.50 = $18,900.

Variable operating expenses = $2,000,000 × 70% = $1,400,000

Variable operating expenses per unit = $1,400,000 ÷ 100,000 = $14

Variable operating expenses for the special order = 600 × $14

= $8,400 + $1,200= $9,600

b)The incremental analysis shows that Gregg Company should not accept the special order reason been that the incremental costs exceed incremental revenues.

7 0

2 years ago

Read 2 more answers

TarHeel Corporation reported pretax book income of $1,026,000. During the current year, the net reserve for warranties increased

Yuri [45]

Answer:

Effective accounting tax rate = 17.61%

Explanation:

given data

Pre Tax book income = $1,026,000

Reserve for warranties = $101,300

Tax depreciation = $206,500

Deduction inform of dividends received = $55,200

to find out

accounting effective tax rate

solution

we assume here tax rate is 21 %

So Taxable income will be here as

Taxable income = [ $1,026,000 + $101,300 ] - [ $206,500 + $55,200 ]

Taxable income = $1,127,300 - $261,700

Taxable income = $865,600

Tax @21% = $865,600 × 21%

Tax = $181,776

Effective accounting tax rate will be

Effective accounting tax rate = $\frac{181776}{1026000}$

Effective accounting tax rate = 17.61%

6 0

1 year ago

The purchasing department buys office supplies on a routine basis from a pre-approved list of suppliers. This type of purchase i

jok3333 [9.3K]

Answer:

A) straight rebuy

Explanation:

Based on the information provided within the question it can be said that this type of purchase is classified as a straight rebuy. Like mentioned in the question this is a type of purchasing or reordering of supplies , and is done from an approved list held by the company in order to try and maintain the product's quality (since they already know the approved company sells good quality) as well as save time on having to research other suppliers.

5 0

1 year ago

Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct

7nadin3 [17]

Answer:

a) 25000 labor x 150% rate =37,500 overhead

b) total manufacturing cost:

12,000 +25,000 + 37,500 = 74,500

d) labor = overhead / 1.5 = 18000 / 1.5 = 12,000

c) total less labor les maufacturing = materials

45,000 - 18,000 - 12,000 = 15,000

e) to solve for labor we express overhead in function of labor:

materials + labor + 1.5labor = total manufacturing

15,000 + 2.5 labor = 35,000

labor = (35,000 - 15,000) / 2.5 = 8000

f) overhead: 8,000 x 1.5 = 12,000

Table to fill:

Direct Material used

12,000 // c // 15,000

Direct labor

25,000 // d // e

Manufacturing overhead applied

a // 18,000 // f

Total current manufacturing costs

b // 45,000 // 35,000

Explanation:

4 0

1 year ago