The best option for the company to ensure that Emily does not commit payroll fraud is that the company should have an outside source review the payroll.
What is a payroll fraud?This type of fraud is related to theft of cash from a business via the payroll processing system.
Hence, having an outside source review the payroll to crosscheck the payroll before any payment is made.
Therefore, the Option C is correct.
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James has a credit card balance $5000 after Black Friday and he decides to pay $300 at the beginning of every month at 2.1% annual interest rate . In how many months can he pay off the balance
Answer:
16 months
Explanation:
2.1% of 300 is 6.3, 5000/3.06.3 = 16.32
A manufacturing company has budgeted direct labor hours of 600 at a variable overhead rate per direct labor hour of $20. The budgeted fixed cost is $500 per month. The total budgeted overhead cost will be $: ____________
Based on the labor hours and the overhead rate as well as the fixed cost, the total budgeted overhead cost will be $12,500.
What is the budgeted overhead cost?This can be found as:
= (Variable cost per labor hour x Number of labor hours) + Fixed overhead cost
Solving gives:
= (20 x 600) + 500
= 12,000 + 500
= $12,500
In conclusion, the total overhead cost that would be budgeted is $12,500.
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Using the following data from both Garçon company and Popper company for the year ended December 31th to compute (1) the cost of goods manufactory and (2) the cost of goods sold for each company. Hint: Not all information is needed for the solution
Garcon Co. Pepper Co.
Finished Goods inventory, beginning $12,000 $16, 450
Work-in-process inventory, beginning 14,500 19,950
Raw material inventory, beginning 7,250 9,000
Rental cost on Factory equipment 27,000 22,750
Direct labor 19,000 35,000
Finished goods inventory, ending 17,650 13,300
Work in process inventory, ending 22,000 16,000
Raw material inventory, ending 5,300 7.200
Factory utilities 9,000 12,000
General and administrative expenses 21,000 43,000
Indirect Labor 9,450 10,860
Repairs -Factory equipment 4,780 1, 500
Raw Materials Purchases 33,000 52,000
Selling expenses 50.00 46,000
Sales 195,030 290,010
Cash 20,000 15,700
Accounts receivable, net 13,200 19,450
Based on the various balances of Garcon Co. and Pepper Co. the following are true:
Cost of goods manufactured:
Garcon Company = $96,680.Pepper Company = $139,860.Cost of goods sold:
Garcon Company = $91,030.Pepper Company = $143,010.What was the cost of goods manufactured for Garcon Company?This can be found as:
= Beginning raw material Inventory + Raw material Purchases - Ending Raw material Inventory + Direct labor + Rental cost of Factory Equipment + Factory Utilities + Indirect Labor + Repairs-Factory Equipments + Beginning Work in Progress - Ending Work in progress
= 7,250 + 33,000 - 5,300 + 19,000 + 27,000 + 9,000 + 9,450 + 4,780 + 14,500 - 22,000
= $96,680
What was the cost of goods manufactured for Popper Company?Using the same formula as above:
= 9,000 + 52,000 - 7,200 + 35,000 + 22,750 + 12,000 + 10,860 + 1,500 + 19,950 - 16,000
= $139,860
What is the cost of goods sold for Garcon Company?= Beginning finished goods + Cost of goofs manufactured - Ending finished goods
= 12,000 + 96,680 - 17,650
= $91,030
What is the cost of goods sold for Pepper Company?Using the same formula as above:
= 16,450 + 139,860 - 13,300
= $143,010
Please note that Factory supplies used is missing in question and so was not added to cost of goods manufactured.
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Megan, Inc. has fixed costs of $390,000, sales price of $46, and variable cost of $38 per unit. How many units must be sold to earn profit of $50,000
Based on the information given the number of units that must be sold to earn profit of $50,000 is 55,000 units.
Number of units soldUsing this formula
Units sold=(Fixed cost+Profit)/( Sales price-Variable cost)
Let plug in the formula
Units sold= ($390,000 + $50,000)/($46 - $38)
Units sold=$440,000/8
Units sold=55,000 units
Inconclusion the number of units that must be sold to earn profit of $50,000 is 55,000 units.
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Supply-side economics attempts to stimulate output and lower unemployment by
A).reducing taxes to stimulate investment and consumer spending.
B.)increasing government spending on public works projects.
C.)increasing government spending during times of high employment
D.)providing social programs as a safety net for the unemployed.
Supply-side economics attempts to stimulate output and lower unemployment by reducing taxes to stimulate investment and consumer spending.
What is supply-side economics?Supply-side economics is a economics theory that focuses on the supply of labour and goods. It postulates that taxes and benefits can be used as incentives to stimulate the economy.
Supply-side economics was introduced by Arthur Laffer and implemented by Pres. Ronald Reagan in the 1980s.
Adah works in logistics for a manufacturing firm and manages inventories. Her managers want the organization to be more lean, but Adah knows that stockouts can lead to customer dissatisfaction. Thus, determining optimal reorder points is vital. If the usage rate of her current product is ten units per day, the order lead time is five days, and the safety stock is ten, what is the reorder point
The reorder point for Adah's Logistics Company is 60 units.
What is the reorder point?The reorder point (ROP) is the specific level at which stock needs to be replenished to avoid customer dissatisfaction while achieving inventory leanness.
In other words, the reorder point is the point at which orders can be placed to replenish stock without encountering a stockout or overstocking.
The calculation of the reorder point is to multiply the average daily usage rate by the lead time in days, plus safety stock.
Data and Calculations:
Usage rate per day = 10 units
Lead time = 5 days
Safety stock = 10 units
Reorder point = 60 (10 x 5 + 10)
Thus, the reorder point for Adah's Logistics Company is 60 units.
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Swifty Corporation purchased a new machine on October 1, 2022, at a cost of $115,000. The company estimated that the machine will have a salvage value of $10,500. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Compute the depreciation expense under straight-line method for 2022. 2022 Depreciation expense $enter depreciation expense amount in dollar
The depreciation expense under straight-line method for 2022 is $5225.
What is the depreciation expense?The straight-line depreciation allocates the depreciation expense evenly over the useful life of an asset.
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
(115,000 - $10,500) / 5 = $20,900
Depreciation expense in 2022 = 3/12 x 20,900 = $5225
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The Purchase and sales agreement provides for release of earnest money to the seller after the buyer's property inspection. The seller requests the earnest money prior to the property inspection. The broker should *
The broker should refuse to release the earnest money even after the seller requested the earnest money prior to the property inspection.
What is earnest money?Earnest money refers to the deposit paid by a buyer to a seller, reflecting the good faith of a buyer in purchasing a home.
It is the money paid to a merchant or seller to complete a contract or money paid to a merchant / seller to show good faith in the transaction.
Hence, the broker should refuse to release the earnest money even after the seller requested the earnest money prior to the property inspection.
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In your opinion what do you think is the best anime game and why then put their sales.
Answer:
nourto 4 is my faveret game in anmie sauske and oboito are my faifret peple in the game
Explanation:
True or False: Cutting advertising expenses often causes an erosion of profit
Answer:
So True
Explanation:
Fund P has one-third of its funds invested in each of the three stocks. The risk-free rate is 4.5%, and the market is in equilibrium. (That is, required returns equal expected returns.) What is the market risk premium (rM - rRF)
The market risk premium of Fund P will be 5.5%.
How to calculate the market risk premium?It should be noted that as per CAPM, the return in stock will be:
= Risk free rate + Beta × Market risk premium
8.90% = 4.5% + 0.8 × Market risk premium.
Market risk premium = 5.5%
In conclusion, the market risk premium of Fund P will be 5.5%.
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Design Thinking is the discipline of developing solutions to create significant
value for clients by keeping end user experience at its core.
True or False?
larner corporation is a diversified
What the 10 president
Answer:
John tyler
Explanation:
He was the tenth president of the USA
The percentage change in the quantity supplied in response to a percentage change in the price is known as the
Select one:
A.
slope of the supply curve.
B.
excess supply.
C.
price elasticity of supply.
D.
All of these.
Answer:
I think it is A I don't think I am correct so yeah
In business letters the salutation must address a position. a. True O b. Rarely OC. Always O d. False
Answer: True
Hope that helps!
During May, 2021, Breakfront Corporation announced a 2-for-1 stock split. This brought the number of shares outstanding from 25,000,000 shares to _____ shares, and its $2.00 par value to _____ per share.
Answer:
50,000,000 shares. $1.00 per share.
Explanation:
A 2:1 split doubles the shares and halves the value.
Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends.
Answer : 50,000,000 shares. $1.00 per share.
A 2:1 split doubles the shares and halves the value.
How do you determine the price per share?Take a company's net income and deduct preferred dividends to get earnings per share. Subtract that sum from the typical number of outstanding ordinary shares.
For instance, if you decide to set the par value of your company's shares at $1, all stock buyers are required to pay a minimum of this sum for each share they buy. If you buy 10,000 shares, you must invest at least $10,000 to do so.
Gains Margins : Day traders experience a wide range of outcomes, which are mostly influenced by the amount of capital they are willing to risk and their money management prowess. A successful day could result in a gain of 5%, or $500, on a $10,000 trading account.
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#SPJ2
poor farmer intends to cultivate three acres of paddy but the necessary credit facilities for such farming. The farmer needs money to prepare and till the land. Farmer approaches you for expert advice on how to get the necessary credit facilities. Advise the farmer on the best mode of Islamic microfinance for their needs and explain the procedure and conditions for the validity of the contract.
The advice which I would give to a poor farmer who intends to collect a loan to cultivate three acres of paddy with Islamic microfinance is that he should show his business plan to the bank.
The procedure which he needs to take include:
Submitting his business plan.Checking his credit history/worthiness.Talk to the bank finance advisor about their loan plans and validity.What is a Loan?This refers to the money collected for the purpose of solving a need or making an investment in a business.
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What is your own personal definition of the word "Support"?
Answer:
1..give assistance to ...help out someone
2..give emotional support
3...stand by someone
Explanation:
i hope this helps
NEED HELP PLEASE
1. Explain why celebrity endorsements are risky agreements for companies.
2. Why do you think the FTC creates laws governing celebrity endorsements? To whom do these laws benefit?
Answer:
The FTC created laws governing celebrity endorsements to protect all parties involved in the endorsement because without them, celebrities could lie about their contracts
Explanation:
1. How should Dow Corning make good use of its two brands to grasp the China to maintain its long-term growth
The way Dow Corning has to use its brands to maintain long term growth would be to:
use its brands to provide value added service to its customers that are in China.To engage in more innovation and product design that would keep customer interest.Making sure that the brand is loyal to customers.Continuous engagement in research.What is the Dow Corning business?
This is a silicone technology based company that is interested in having a presence in China.
The market in China is a large market and the company through its product is able to supply raw materials to other diversifying businesses.
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When complimentary trading firms have specialized workers and processes in a particular product, and they engage in intra-industry trade, it creates benefits from working together by creating ________.
When complimentary trading firms have specialized workers and engage in intra-industry trade, it creates benefits from working together by creating: Economic gain.
What is a Complimentary Trade?It is a form of trade that specializes in free trade. They compliment Each other. It can also be seen as a free-market idea that applies to international trade.
When trading firms have specialized workers and do intra-industry trade, especially in a complimentary trade, it helps the economy grow faster and also increases output.
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How do companies effectively go global?
Answer:
Some of the specific advantages presented by successfully growing globally include:
•You can extend the sales life of existing products and services by finding new markets to sell them in.
•You can reduce your dependence on the markets you have developed in the United States.
and more....
Explanation:
hope it helps......
PB10-4 (Algo) Comparing Bonds Issued at Par, Discount, and Premium [LO 10-3]
Marshalls Corporation completed a $540,000, 8 percent bond issue on January 1, 2021. The bonds pay interest each December 31 and mature 10 years from January 1, 2021.
Required:
For each of the three independent cases that follow, provide the amounts to be reported on the January 1, 2021, financial statements immediately after the bonds were issued
The amounts that would be reported on January 1, 2021, financial statements of Marshalls Corporation after the issuance of the bonds under these three independent cases are as follows:
Financial statements Case A Case B Case C
(Issued at 100) (Issued at 96) (Issued at 104)
a. Bonds Payable $540,000 $540,000 $540,000
b. Unamortized Premium
(or discount) $0 $21,600 $21,600
c. Carrying Value $540,000 $518,400 $561,600
Data and Calculations:Face value of bonds payable = $540,000
Bond interest = 7%
Bonds issued at par (at 100):
Face value of bonds payable = $540,000
Cash proceeds = $540,000
Unamortized premium (or discount) = $0 ($540,000 - $540,000)
Bonds issued at discount (at 96):
Face value of bonds payable = $540,000
Cash proceeds = $518,400 ($540,000 x 96%)
Unamortized discount = $21,600 ($540,000 - $518,400)
Bonds issued at premium (at 104):
Face value of bonds payable = $540,000
Cash proceeds = $561,600 ($540,000 x 104%)
Unamortized premium = $0 ($561,600 - $540,000)
Question Completion:Marshalls Corporation completed a $540,000, 7 percent bond issue on January 1, 2021. The bonds pay interest each December 31 and mature 10 years from January 1, 2018.
Required: For each of the three independent cases that follow, provide the following amounts to be reported on January 1, 2018, financial statements immediately after the bonds were issued: (Deductions should be indicated by a minus sign.) January 1, 2018—Financial statements Case A (Issued at 100) $ 650,000 Case B (at 96) 650,000 Case C (at 104) 650,000 $ $ a. Bonds Payable b. Unamortized premium (or discount) c. Carrying Value
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Assume that as part of Hilton’s interview process, the company asks applicants how they would behave in hypothetical, hospitality-related job situations. This would be considered a ________ interview, which is ________.
The interview in Hilton's process would be considered a situational interview, which is structured.
What is a situational interview?
This is a type of interview where the people that are being interviewed are asked hypothetical questions.
The questions that they are asked is usually to get to know how they would behave in given situations.
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A company has the choice of either selling 600 apples or processing them into applesauce. The company could sell the apples as is for $1,200. Alternatively, the apples could be made into applesauce with incremental costs that consist of $360 of direct materials, $600 of direct labor, and $480 of overhead. The applesauce can be sold for $3,000. Required:
What is the amount of incremental revenue from processing the apples into applesauce?
The amount of incremental revenue from processing the apples into applesauce is $1800.
What is the incremental revenue?
Incremental revenue is the change in revenue when the total income earned from a product changes as a result of modifying the product.
Incremental revenue = revenue from the applesauce - revenue from selling apples
$3000 - $1200 = $1800
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Max wants to become a dentist. He knows he needs to keep his GPA high to reach this goal. Which of the following is a mid-term goal to help him do this?
Answer: A goal refers to something you want to achieve. These goals could be short term, mid-term and long term. Short term goals are the ones you want to accomplish in less than a year. Mid-term goals refers to the things you want to achieve in three to five years and long term goals refers to things that take 10 years to accomplish.
(Guessing, i could be wrong but i like helping so here your go i guess)
Explanation:
DOs and DON’Ts
DO Organize your response. Look at the question; it has a natural
organizational pattern – a blueprint.
DO Ask your friends and family to help you remember all the details
from which you can select when you write your essay. It is easy
to forget things you have done in the past.
DO Fit your essay into the big picture of your application. If you say
you have always wanted to be a veterinarian, but have no
evidence to show that you have ever been exposed to that
career, your words will be suspect.
DO Show what you are like as a person, but be as selective as
possible. This is not a biography, but a demonstration of the
characteristics that prompted your career choice.
DO Find a controlling idea for your essay. Smooth prose leaves a
good impression. A series of short, curt sentences does not.
DO Find a controlling idea for your essay. Smooth prose leaves a
good impression. A series of short, curt sentences does not.
DO Be positive and upbeat in tone.
DO Show that you know something more about the field you have
chosen than what you have seen on TV or in movies.
DO Take your drafts to the College Writing Center or ask a
guidance counselor for help. Does the essay flow? Is the main
point clear? Do you sound like a real person (preferably an
interesting real person)? Do you have enough detail? Too much
detail?
DO Revise the essay and proofread.
DO Show your final draft to friends. Ask them, “Does this sound like
me?”
DON’T Just tell a story. You want to explain your career goals in
an interesting way, not entertain with descriptive
adjectives.
DON’T Assume names of people and places give enough
information. Describe your activities and experiences as
they relate to your career goals.
DON’T Write what you think the scholarship committee wants to
hear. The committee members can detect b.s. before
opening the packet.
DON’T Use clichés or generalities. This wastes valuable space and
time.
DON’T Brag. Trust that your good points will shine through
Answer:
"Max will work hard to earn all A's on his report card next year."
Explanation:
factors of production
Answer:
Land, capital, labor, and entrepreneurship are factors of production.
What is the difference between the distribution and the consumption of an item?
A. One deals with the creation of an item; the other deals with the use of an item.
B. One deals with transporting the item from where it was produced to the location where it will be sold; the other deals with the consumer's use of the item after purchase.
C. One deals with deciding how much to charge for an item; the other deals with reconstructing the item in another format.
D. One deals with the creation of an item; the other deals with the transportation of the item from where it was made to where it will be sold.
Answer:
A. One deals with the creation of an item; the other deals with the use of an item.
Explanation:
Production means "To make" and consumption is putting to use of something.
If a single banks faces a required reserve ratio of 20 percent, has total reserves of $500,000, and checkable deposit liabilities of $400,000, what is the maximum amount of money this bank could create (add to the money supply)
Tthe maximum amount of money this bank could create given the checkable deposits is $2,000,000.
What is the maximum amount of money the banik can create?The maximum amount of money the bank create is a function of the reserve ratio and the checkable deposits. Reserve ratio is the percentage of deposits that must be kept as reserves.
Maximum deposit = deposits / reserve ratio
$400,000/ 0.2 = $2,000,000
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