BUSINESS COLLEGE

Pina Corporation traded a used truck (cost $25,200, accumulated depreciation $22,680) for a small computer with a fair value of $4,158. Pina also paid $630 in the transaction. Prepare the journal entry to record the exchange. (The exchange has commercial substance.)

Answers

Answer 1
Answer:

Answer:

Calculation of Gain or Loss:

Book Value of Truck = 25,200 - 22,680

                                  = $2,520

Gain on Exchange = 4,158 - 2,520 - 630

                               = $1,008

Therefore, the journal entry is as follows:

Accumulated Depreciation A/c Dr. $22,680

computer A/c                              Dr. $3,150

              To Truck                                            $25,200

              To Cash                                              $630

(To record the Truck)

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QUESTION 16 Which of the following will cause the equilibrium price of widgets to fall and the equilibrium quantity to rise? A. Widget workers agree a large wage decrease so that none of them will have to be laid off. B. A decrease in the price of an item that consumers consider a substitute. C. The government raises taxes on widget firms. D. An increase in the price of an item that producers consider a substitute

Answers

Answer: A. Widget workers agree a large wage decrease so that none of them will have to be laid off.

Explanation:

There are activities that affects supply function cost, like wages cost going down, pushing prices down as well. In this case, with everything else constant, when cost go down the productivity per factor increase, making it possible to produce the same quantity at a lower price, or to produce more at a same price

The two most likely benefits realized from utilizing enterprise systems are improvements in ________. availability of information and increased interaction throughout the organization reduced inventory and reduced operating expenses improved compliance with standards and improved supplier integration improved customer interaction and improved supplier integration reduced lead times for manufacturing and improved customer interaction

Answers

Answer: availability of information and increased interaction throughout the organization

Explanation: An enterprise systems is described as an integrated suite of business applications for virtually every  department, process, and industry, that allows companies and organizations to integrate information across  operations on a company-wide basis by the use of one large database and as a result, there is an upward increase in the availability of information which leads to increased interaction across departments, processes, and industries throughout the organization.

SY Manufacturers (SYM) is producing T-shirts in three colors: red, blue, and white. The monthly demand for each color is 3,487 units. Each shirt requires 0.75 pound of raw cotton that is imported from the Luft-Geshfet-Textile (LGT) Company in Brazil. The purchasing price per pound is $1.55 (paid only when the cotton arrives at SYM's facilities) and transportation cost by sea is $0.70 per pound. The traveling time from LGT’s facility in Brazil to the SYM facility in the United States is two weeks. The cost of placing a cotton order, by SYM, is $186 and the annual interest rate that SYM is facing is 32 percent of total cost per pound. a. What is the optimal order quantity of cotton? (Round your answer to the nearest whole number.)
Optimal order quantity pounds
b. How frequently should the company order cotton? (Round your answer to 2 decimal places.)
Company orders once every months
c. Assuming that the first order is needed on 1-Jul, when should SYM place the order?
17-Jun
1-Jul
15-Jul
d. How many orders will SYM place during the next year? (Round your answer to 2 decimal places.)
Number of orders times
e. What is the resulting annual holding cost? (Round your answer to the nearest whole number.)
Annual holding cost $ per year
f. What is the resulting annual ordering cost?
Annual ordering cost $
g. If the annual interest cost is only 5 percent, how will it affect the annual number of orders, the optimal batch size, and the average inventory?

Answers

Answer:

Kindly check explanation

Explanation:

Given the following :

Price per pound = $1.55

Raw material required = 0.75 pound

Transport cost by sea = $0.70

Monthly demand for each of the three colors = 3487

EOQ = √2DS / H

D = 3 * 12 * 3487 * 0. 75 = 94149

Total cost of purchase = 1.55 + 0.70 = 2.25

Setup cost (S) = $186

Holding cost = 32% * 2.25 = 0.72

EOQ = √(2*94149*186) / 0.72

= 6974.50

b. How frequently should the company order cotton?

Annual demand / EOQ

94149 / 6974.50

= 13.50 ;

12 months / 13.50 = 0.89 month

c. Assuming that the first order is needed on 1-Jul, when should SYM place the order?

Since lead time is 2 weeks, order should be made 2 weeks before : 17th June

d. How many orders will SYM place during the next year? (Round your answer to 2 decimal places.)

Annual demand / EOQ

94149 / 6974.50

= 13.50 times

e. What is the resulting annual holding cost? (Round your answer to the nearest whole number.)

Holding cost * EOQ /2

0.75 * (6974.50/2) = 2615.44

f. What is the resulting annual ordering cost?

Annual ordering cost $

Ordering cost * number of orders

$186 * 13.50 = $2,511

Dennis Kozlowski, John Thain, and Raj Rajaratnam are former CEOs mentioned in the text that have been involved in corporate governance problems to one degree or another. What did Dennis Kozlowski do that was considered inappropriate behavior

Answers

Answer:

Dennis Kozlowski was found guilty of grand larceny, falsifying business records, securities fraud, and conspiracy.  He later admitted to have been driven by excessive greed as he overcompensated himself when he served as CEO of Tyco.

Explanation:

Dennis Kozlowski during his crime trial was found to have received "$81 million in unauthorized bonuses, the purchase of art for $14.725 million, and the payment by Tyco of a $20 million investment banking fee to Frank Walsh, a former Tyco director," according to wikipedia.com.

The Victor Company sells two products. The following information is provided: Product A Product BUnit selling price$100 $150 Unit variable cost$30 $70 Number of units produced and sold 20,000 60,000 What is the weighted average contribution margin per unit?A. $75.00
B. $80.00
C. $77.50
D. $72.50

Answers

Answer:

Weighted average contribution margin= $77.5

Explanation:

Giving the following information:

Product A Product B

Unit selling price $100 $150

Unit variable cost $30 $70

Number of units produced and sold 20,000 60,000

First, we need to determine the sales proportion:

Product A= 20,000/80,000= 0.25

Product B= 0.75

To calculate the weighted-average contribution margin, we need to use the following formula:

Weighted average contribution margin= (weighted average selling price - weighted average unitary variable cost)

Weighted average contribution margin= (0.25*100 + 0.75*150) - (0.25*30 + 0.75*70)

Weighted average contribution margin= 137.5 - 60

Weighted average contribution margin= $77.5

Can someone please help me do a document i beg anyone ​

Answers

Answer:

To create a new blank document:

Click the Microsoft Office button.

Select New. The New Document dialog box appears.

Select Blank document under the Blank and recent section. It will be highlighted by default.

Click Create. A new blank document appears in the Word window.

I hope this really help. If not go to safari.
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