Answer:
Missed project deadlines
Explanation:
From the question, we are informed about Carlos, who is the HR Director of a large paper manufacturing company, is studying the company's turnover costs. He has accounted for most of the easily calculable costs, but he is concerned about the hidden costs of turnover. Given this information, the most likely a cause of concern for Carlos is Missed project deadlines.
Project deadlines can be regarded as
final time point which is needed for a given project to be done as well as the submission of handing over. It is been
characterized as desired time-frame set for a project as well as links initial time expectations for the project to be
produced in a timely manner.
b. Calculate depreciation expense for 2021 and 2022 using double-declining balance method.
c. Calculate depreciation expense for 2021 and 2022 using units-of-production using hours operated.
Answer:
a. $9,000
b. $22,000 and $11,000
c. $5,220 and $6,660
Explanation:
The computation of the depreciation expense for the two years are shown below:
a) Straight-line method:
= (Original cost - residual value) ÷ (useful life)
= ($44,000 - $8,000) ÷ (4 years)
= ($36,000) ÷ (4 years)
= $9,000
In this method, the depreciation is same for all the remaining useful life
So, in year 2021 and 2022, the depreciation expense would be $9,000
(b) Double-declining balance method:
First we have to find the depreciation rate which is shown below:
= One ÷ useful life
= 1 ÷ 4
= 25%
Now the rate is double So, 50%
In year 2021, the original cost is $44,000, so the depreciation is $22,000 after applying the 50% depreciation rate
And, in year 2022, the $22,000 × 50% = $11,000. The $22,000 is come from $44,000 - $22,000
(c) Units-of-production method:
= (Original cost - residual value) ÷ (estimated production)
= ($44,000 - $8,000) ÷ (20,000 hours)
= ($36,000) ÷ (20,000 hours
= $1.8 per hours
For the 2021, it would be
= Production hours in 2021 year × depreciation per hour
= 2,900 hours × $1.8
= $5,220
Now for the 2022 year, it would be
= Production hours in 2022 year × depreciation per hour
= 3,700 hours × $1.8
= $6,660
Answer:
The option c is a right answer.
Explanation:
For calculating the return on her portfolio, the steps is to be followed which is shown below:
Step 1: First compute the weight-age of each portfolio.
Step 2: Multiply the weight-age amount to invested return.
Step 3: After multiply the amounts, the expected return comes.
Mathematically,
Step 1: Weight-age is to be computed by
= Each Portfolio amount ÷ total stock amount
where total stock amount = $8,000 + $4,000 +$12,000
=$24,000
For A = $8,000 ÷ $24,000 = 0.3333
For B = $4000 ÷ $24,000 = 0.1666
For C = $12000 ÷ $24,000 = 0.50
Step 2:
Expected Return for A = Weight-age × invested return
= 0.3333 × 17.5%
= 5.83%
Expected Return for B = Weight-age × invested return
= 0.1666 × 11.0%
= 1.83%
Expected Return for C = Weight-age × invested return
= 0.50 × 4.30%
= 2.15%
So, the total return on her portfolio is a sum of Expected Return for A + Expected Return for B +Expected Return for C
= 5.83% + 1.83% + 2.15%
= 9.81 %
Hence, the return on her portfolio is 9.81% .
Therefore, the option c is a right answer
it on the signature line, however, you as the
signing agent are the one who fills out the ID
form, who should sign the Patriot Act form?
Since i am the signing agent who fills out the ID form, then, i am at responsibility to sign the Patriot Act form as well.
The Patriot Act/customer ID form is a form that help the government to fight the funding of terrorism and money laundering activities.
The Patriot Act/customer ID form is necessitated by the Federal law and its requires all financial institutions to obtain, verify, and record information that identifies every customer.
However, if the signature line on the Patriot Act has escrow officer's name printed on it on the signature line and i am the signing agent who fills out the ID form, then, i am at responsibility to sign the Patriot Act form as well.
Read more about Patriot Act form
The person who fills out the Patriot Act or customer ID forms, in this case the Signing Agent, should be the one to sign the form, even if the escrow officer's name is printed on the signature line.
In the context of processing Patriot Act or customer ID forms, the person who should be signing the form would typically be the individual who completed it, and can attest to the accuracy of the information therein. If you, as the Signing Agent, thoroughly completed the form, then you would sign it, even if the escrow officer's name is pre-printed on the signature line. The pre-printed name would likely indicate which the escrow officer is involved in the transaction, but it does not necessarily indicate who must sign the form. It's important too, however, to always follow your company's policies and any specific instructions given to you related to these forms.
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Answer:
$117,000
Explanation:
Manufacturing overhead is also known as the production overhead. It can be estimated by the adding the variable manufacturing overhead to the fixed manufacturing overhead. Therefore:
Fixed manufacturing overhead is equivalent to the cost of the fixed units (i.e. 15,000 units) = $4*15000 = $60000
Variable manufacturing overhead is equivalent to the cost of the variable units (i.e. 19000 units) = $3*19000 = $57000
Total manufacturing overhead = $60000 + $57000 = $117000
Answer:
Adjusting Journal Entries:
December 31:
Debit Insurance Expense $2,900
Credit Prepaid Insurance Account $2,900
To record the insurance expense for the year.
Debit Supplies Expense $10,450
Credit Supplies Account $10,450
To record the supplies expense for the year.
Explanation:
a) The whole portion of Prepaid Insurance has expired since payment was made for 6 months on July 1. This covers the period from July 1 to December 31.
b) The total supplies inventory for the year will be $12,100 ($8,400 + 3,700). Since the physical count shows $1,650 of supplies available, it means that the difference $10,450 ($12,100 - 1,650) had been used. This portion is therefore expensed in accordance with the accrual concept.
The necessary adjusting entries for Lopez Company would be debiting Insurance Expenses and crediting Prepaid Insurance. For Zim Company, used supplies would be debited to Supplies Expense and credited to the Supplies account.
The two situations mentioned involve adjusting entries for prepaid and consumed expenses. It is necessary to adjust these periodically to accurately present the financial statements of a company.
In the case of Lopez Company, they paid $2,900 for six months of insurance coverage starting July 1. As it is now December 31, five months of the insurance has been used, with one month still not used (prepaid). Thus, the necessary adjusting entry would be a debit to Insurance Expense of $2,416.67 (5/6 x $2,900) and a credit to Prepaid Insurance of $2,416.67.
For Zim Company, their total supplies for the year is the beginning balance plus additional purchases ($8,400 + $3,700 = $12,100). As of December 31, only $1,650 worth of supplies are still available. This means $10,450 worth of supplies have been used. This would be debited to Supplies Expense and credited to the Supplies account.
#SPJ3