Answer:
Requiring all employees to attend “captive audience” speeches in the company auditorium regarding the union organizing effort
Explanation:
In simple words, union certification election refers to the electoral process under which the labor force of an organisation chooses its leader for a fixed period of time as determined by the rules. This process is usually seen in large organisations where a thousands of labor workforce is included.
Just like any other process, in these elections also the candidates are supposed to present themselves against the voters and tell them their ideas and the works they are going to perform.
Answer:
B. The same output level as before.
Explanation:
If there is a war broke out in a country and because of the war a large potion of the country's capital stock is destroyed but the thing that is unchanged is saving rate.
So according to the solow model the output will grow and the steady state that is new will be the same level of output as before.
Answer and Explanation:
The Calculation of Predetermined OH Rate is shown below:
For Materials Handling, it is
= Estimated Overhead Costs ÷ Estimated allocated base Quantity
= $54,000 ÷ 96
= $562.50 per part
For Machine Setup, it is
= Estimated Overhead Costs ÷ Estimated allocated base Quantity
= $204,000 ÷ 60
= $3,400 per setup
For Insertion of Parts, it is
= Estimated Overhead Costs ÷ Estimated allocated base Quantity
= $486,000 ÷ 96
= $5,062.50 per part
Now
Calculation of allocated OH is
For Basic Model:
Allocated OH is
= $562.50 × 32 + $3,400 × 20 + $5,062.50 × 32
= $248,000
For Professional Model:
Allocated OH is
= $562.50 × 64 + $3,400 × 40 + $5,062.50 × 64
= $496,000
Variable expenses 265,200
Contribution margin 136,000
Fixed expenses 103,500
Net operating income $32,500
If the company sells 6,700 units, its net operating income should be closest to:
a. $31,979
b. $32,500
c. $28,000
d. $30,500
Answer:
Option (d) is correct.
Explanation:
Contribution margin per unit:
= Contribution margin ÷ No. of units sold
= 136,000 ÷ 6,800
= $20 per unit
If the company sells 6,700 units, then
Net operating income:
= Contribution margin - Fixed expenses
= (6,700 units × $20 per unit) - $103,500
= $134,000 - $103,500
= $30,500
Therefore, the net operating income of this company is closest to $30,500.
1.Use the direct write-off method to journalize Peterson’s write-off of the uncollectible receivables.
2.What is Peterson’s balance of Accounts Receivable at February 28, 2014?
Answer:
1) Bad debt expense (Debit) 1,800
Accounts receivable (Credit) 1,800
2) $12,200
Explanation:
1) Write off method of accounting directly credits accounts receivable instead of creating a provision for doubtful debt. Therefore following entry is recognized
Bad debt expense (Debit) 1,800
Accounts receivable (Credit) 1,800
2) Ledger balance of accounts receivable is $ 12,200 calculated as follows:
Opening Balance (31 January 2014) 15,000
Add: Sales on account during February 18,000
Less: Collection during February (19,000)
Less: Written off (1,800)
Balance at 28 February 2014 $12,200
Received $80,000 cash from each of the two shareholders to form the corporation, in addition to $2,000 in accounts receivable, $5,300 in equipment, a van (equipment) appraised at a fair market value of $13,000, and $1,200 in supplies. Gave the two owners each 500 shares of common stock with a par value of $1 per share.
b.
Purchased a vacant store for sale in a good location for $360,000, making a $72,000 cash down payment and signing a 10-year mortgage from a local bank for the rest.
c. Borrowed $50,000 from the local bank on a 10 percent, one-year note.
d. Purchased and used food and paper supplies costing $10,830 in March; paid cash.
e. Catered four parties in March for $4,200; $1,600 was billed, and the rest was received in cash.
f. Made and sold food at the retail store for $11,900 cash.
g. Received a $420 telephone bill for March to be paid in April.
h. Paid $363 in gas for the van in March.
i. Paid $6,280 in wages to employees who worked in March.
j. Paid a $300 dividend from the corporation to each owner.
k.
Purchased $50,000 of equipment (refrigerated display cases, cabinets, tables, and chairs) and renovated and decorated the new store for $20,000 (added to the cost of the building); paid cash.
Compute ending balances for Cash, Accounts Receivable, Supplies, Equipment, Building, Accounts Payable, Note Payable, Mortgage Payable, Common Stock, Additional Paid-in Capital, Retained Earnings, Food Sales Revenue, Catering Sales Revenue, Supplies Expense, Utilities Expense, Wages Expense, and Fuel Expense.
1.
Prepare an income statement in good form for the month of March 2014. (Ignore retained earnings and 80,000 in the table just below)
2.
Operating (O), investing (I), and financing (F) activities affecting cash flows. Include the direction and invest of the effect
Answer:
Explanation:
Account Name Debit Credit
Cash $160,000
Accounts Receivable $2,000
Equipment $ 18,300
Supplies $1,200
Contributed Capital $181,500
a. Received $80,000 cash from each of the two shareholders to form the corporation, in addition to $2,000 in accounts receivable, $5,300 in equipment, a van (equipment) appraised at a fair market value of $13,000 and $1,200 in supplies.
b. Purchased a vacant store for sale in a good location for $360,000, making a $72,000 cash down payment and signing a 10-year mortgage from a local bank for the rest
Account Name Debit Credit
Building $360,000
Cash $ 72,000
Notes Payable $288,000
c. Borrowed $50,000 from the local bank on a 10%, one year note.
Account Name Debit Credit
Cash $50,000
Notes Payable $50,000
d) Purchased and used food and paper supplies costing 10,830 in March; paid cash.
Purchase of Supplies:
Account Name Debit Credit
Supplies $10,830
Cash $10,830
Account Name Debit Credit
Supplies Expense $10,830
Supplies $10,830
e) Catered four parties in March for $4,200; $1,600 was billed and the rest was received in cash.
Account Name Debit Credit
Cash $2,600
Accounts Receivable $1,600
Catering Revenue $4,200
f. Made and sold food at the retail store for $11,900 cash. (assume the cost of these sales was already recorded as part of transaction d.)
Account Name Debit Credit
Cash $11,900
Food Sales Revenue $11,900
g. Received a telephone bill for March to be paid in April.
Account Name Debit Credit
Telephone Expense $420
Telephone Payable $420
h. Paid $363 in gas for the van in March
Account Name Debit Credit
Gas Expense $363
Cash $363
i. Paid $6,280 in wages to employees who worked in March.
Account Name Debit Credit
Wages Expense $6,280
Cash $6,280
j. Paid a $300 dividend from the corporation to EACH owner
Account Name Debit Credit
Retained Earnings $600
Cash $600
k. Purchased $50,000 of equipment (refrigerated display cases, cabinets, tables, and chairs) and renovated and decorated the new store for $20,000 (added to the cost of the building); paid cash.
Account Name Debit Credit
Equipment $50,000
Building $20,000
Cash $70,000
2)
a Cash flow from FINANCING ACTIVITIES
b Cash flow from INVESTING ACTIVITIES ($72,000) and Non-Cash Investing and Financing Activity ($288,000).
c Cash flow from FINANCING ACTIVITIES.
d Non-Cash OPERATING ACTIVITIES.
e Cash flow from OPERATING ACTIVITIES ($2,600); Non-Cash Operating Activity ($1,600).
f Cash flow from OPERATING ACTIVITIES
g Non-Cash OPERATING ACTIVITIES.
h Cash flow from OPERATING ACTIVITIES.
i Cash flow from OPERATING ACTIVITIES.
j Cash flow from FINANCING ACTIVITIES.
k Cash flow from INVESTING ACTIVITIES
In March 2014, Traveling Gourmet, Inc. had several transactions that affected its financial accounts. These transactions included receiving cash from shareholders, purchasing a store with a mortgage, borrowing money from a bank, purchasing supplies, catering events, selling food at the retail store, and making dividend payments. By analyzing these transactions, we can compute the ending balances for different accounts and prepare an income statement for the month.
To compute the ending balances for the various accounts, we need to track the cash inflows and outflows for each transaction. Here is a summary of the transactions and their effects on the accounts:
#SPJ3
a. What is the company's cost of debt?
b. What is the company's cost of equity?
c. What is the company's weighted average cost of capital?
Answer:
see explanation
Explanation:
a. The company's cost of debt
Cost of Debt = Total after tax cost
b. The company's cost of equity?
Cost of equity = Return from risk free + Beta x Market Premium
c. The company's weighted average cost of capital
weighted average cost of capital = Weighted Cost of Debt + Weighted Cost of Equity