Exercise 3-8 Applying Overhead; Journal Entries; Disposing of Underapplied or Overapplied Overhead [LO3-1, LO3-2, LO3-4] The following information is taken from the accounts of Latta Company. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year. Manufacturing Overhead (a) 499,968 (b) 416,640 Bal. 83,328 Work in Process Bal. 5,360 (c) 778,000 319,500 93,500 (b) 416,640 Bal. 57,000 Finished Goods Bal. 33,000 (d) 674,000 (c) 778,000 Bal. 137,000 Cost of Goods Sold (d) 674,000 The overhead that had been applied to production during the year is distributed among Work in Process, Finished Goods, and Cost of Goods Sold as of the end of the year as follows:
Work in Process, ending $ 27,360
Finished Goods, ending 65,760
Cost of Goods Sold 323,520
Overhead applied $ 416,640
For example, of the $57,000 ending balance in work in process, $27,360 was overhead that had been applied during the year. Required:
1. Identify reasons for entries (a) through (d).
2. Assume that the underapplied or overapplied overhead is closed to Cost of Goods Sold. Prepare the necessary journal entry.
3. Assume that the underapplied or overapplied overhead is closed proportionally to Work in Process, Finished Goods, and Cost of Goods Sold. Prepare the necessary journal entry.

Answer:

The age group with the most fatal crashes is drivers between the ages of 25 and 34. There are nearly 1,000 more deaths per year among 25- to 34-year-olds than drivers under 25.

The age group with the worst crash rate involving fatalities is generally the 19 years and younger group. This is largely due to factors like inexperience and risk-taking behavior. However, statistics can vary and elderly drivers can also have higher crash rates.

Based on statistical data, the age group with the worst crash rate involving fatalities is typically B. ages 19 years old and younger. This is often due to a combination of inexperience, risk-taking behavior, and lack of maturity. However, it's important to note that numbers can vary slightly depending on the region and the specific year being considered. It's also worth mentioning that older drivers, specifically those ages 75 and older, can also have higher crash rates due to factors such as declining health conditions and slower reaction times.

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The total value created from this trade can be calculated by subtracting the value of the bicycle to you from the value of the bicycle to your friend and adding it to the value of the bicycle to you.

The value of the bicycle to you is $25 and the value of the bicycle to your friend is $94.

Therefore, the total value created from this trade is: $94 - $25 + $70 = $139

So, the total value created from this trade is $139.

Two key forces driving the new marketing realities are technology and globalization.

Globalization emerged from technological development and enabled greater social and economic interaction between countries in the world. This is therefore a significant force driving global trends in consumption and consumer behavior that drive new marketing realities.

The internet is also a technology capable of boosting marketing as it has revolutionized the way people communicate, consume and interact with companies through social media.

It is possible to observe the new consumption trends through the expressive growth of online commerce, which are essential indicators for companies to monitor consumer traffic on the internet and, through the monitoring of these indexes, predict their audience, its characteristics, tastes, online behavior, etc, to develop marketing strategies focused on online influence and consumer relationships.

A new marketing force that has been gaining more consistency is sustainability, as consumers are increasingly critical of companies whose activities negatively impact the environment, which has led to a change and adaptation of companies to be environmentally responsible and more accepted by more conscientious consumers.

Therefore, marketing trends are driven by current consumer habits and behavior, being modified from the new set of values ​​established in society.

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If a perfectly competitive firm receives a marginal revenue of $10 for its product and the minimum average variable cost is $11, then the firm should, in the short run shut down.

For a perfectly competitive firm, the marginal revenue tends to equal price and as well as the average revenue. So, this implies that the firm's marginal cost curve in its short-run supply curve for values is thus greater than the average variable cost. So, if the price drops below average variable cost, the firm shuts down.

So, a firm's total profit is maximized by the producing the level of output at which marginal revenue for the last unit produced will thus equal its marginal cost, or MR = MC.

Hence, option D is correct.

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Implementing maximum prices in the petrol industry may not be an ideal decision for the country's economy.

Consumer Group:

Business Group:

Government Group:

Considering these factors, the introduction of maximum prices in the petrol industry may have unintended consequences such as supply shortages, reduced investment, profitability challenges for businesses, and decreased tax revenue for the government. It is crucial to strike a balance between consumer affordability, industry sustainability, and government revenue to ensure a stable and efficient petrol market.

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Answer:

Its A

Explanation:

Its A

Answer:

A

Explanation:

I did this before

Answer:

Unemployment means when you do not have a job

Explanation:

It means this because when you DO have a job you are Employed or you're an Employee, so the opposite would be unemployed

A magazine, also called a periodical, is a printed or digitally published collection of texts (essays, articles, stories, poems), often illustrated, that is produced at regular intervals (excluding newspapers).

A magazine, also known as a periodical, is a printed or digitally published compilation of texts (essays, articles, short tales, and poems), frequently illustrated (excluding newspapers).

The word "magazine" originates in Arabic magazine, the plural of makhani, which means "depot, storeroom" (originally a military storehouse). Medieval French magasin and Italian magazzino are the languages that brought this word to English. The word "magazine" originally meant a place or thing used for storing.

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Answer:

This indicates that the manager perceives demand to be:_______.

c. unit elastic.

Explanation:

Unit elastic demand describes a demand curve which is perfectly responsive to changes in price. This implies that the quantity supplied or demanded changes according to the same percentage as the change in price.  For example, if the manager raises the price of her famous goods by $2.00, the unit elastic demand for that $2.00 increase would result in a decrease in the quantity demanded by one unit.

A means of payment is a way of settling a debt.

Answer:is better to take out a loan

Explanation:

The best way to explain transferable skill is Transferable skills, or portable skills, are all the skills that you take with you from one job to another. The ability to clearly communicate ideas to others, solve unexpected problems, or work well in a team are all examples of transferable skills.

Transferable skills, also known as portable skills, are any skills that you can take from one job to another. Transferable skills include the ability to clearly communicate ideas to others, solve unexpected problems, and work well in a team.

While technical skills enable you to complete specific technical tasks, such as coding in Python or creating wireframes for UX design, transferable skills ensure that you do your job well. As a result, employers highly value transferable skills: after all, a programmer who can work well in a team is likely more valuable than a programmer who cannot code well with others.

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Answer:

In order to keep the audiences attention, students were advised to avoid digressive discussion, and to speak only about subjects tangential to their report.

1. Merchandize inventory, March 31; 1,010, 625. Cost of Merchandize sold; 10, 891, 875.

2. LIFO, Ending Inventory = 881, 250. Cost of goods sold = 11, 021, 250

3. Weighted average, Ending inventory = 981, 000. Cost of goods sold = 10, 921, 500

4.                              FIFO                       LIFO                     Weighted Average

sales                      19, 875, 000         19, 875, 000               19, 875, 000

Cost of goods       10, 891, 875          11, 021, 250                 10, 921, 500

Gross profit           8, 983, 123            8, 853, 750                8, 953, 500

Inventory March 31,  1, 010, 625          881, 250                       981, 000

To calculate LIFO (Last In, First Out) and FIFO (First In, First Out), Ending Inventory, and Cost of Goods Sold, you need to have information on the cost of goods, the quantity of goods sold, and the quantity of goods remaining in inventory.

Calculate the cost of goods sold (COGS) using LIFO method:

Identify the cost of the most recent purchases and multiply them by the number of units sold.

Add the cost of the previous purchases to the remaining inventory at the end of the period.

Which is 7500 x $75 + 3750 x $85 = 881, 250

Calculate the ending inventory:

For LIFO: The remaining inventory is the cost of the earliest purchases.

Which is 11902500 - 881250 = 11, 021, 250

To calculate the weighted average;

Ending inventory: $11,250 x 87.20 = 981 000

Cost of goods sold: $ 11902500 - 981000 = $10, 921, 500

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Answer:

A company's stock

Explanation:

There are two main capital structure i.e. debt and the equity. The debt is the loan which is to be borrowed by the individual or a company in order to raise a capital. While the other one is equity in which it shows the ownership stake in the company also it involves the securities than should be traded in the stock markets

While going through the options given, the second option is correct as other options are the examples of debt and the same is not considered for an equity investment

Answer:

An employee evaluation is the assessment and review of a worker's job performance.

Explanation: Most companies have an employee evaluation system wherein employees are evaluated on a regular basis (often once a year). Typically these assessments are done at year-end or on the employee's service anniversary.

Answer:

An employee evaluation is the assessment and review of a worker’s job performance. Most companies have an employee evaluation system wherein employees are evaluated on a regular basis (often once a year).

Explanation:

he SOSTAC model is a strategic planning framework that stands for Situation analysis, Objectives, Strategy, Tactics, Action, and Control.

Situation analysis: ASOS operates in the highly competitive and dynamic online fashion industry. It was founded in 2000 and has grown rapidly since then to become a global brand with a presence in over 200 countries.

Objectives: ASOS's objective is to become the go-to destination for online fashion shopping. It aims to provide its customers with a seamless and personalized shopping experience that caters to their unique style preferences.

Strategy: ASOS's strategy is centered on offering a wide range of products from its own label as well as other brands, at competitive prices. It also uses technology to enhance the customer experience by providing features like visual search, social media integration, and personalized recommendations.

Tactics: ASOS uses various tactics to execute its strategy, such as aggressive marketing campaigns, partnerships with influencers, and collaborations with other brands. It also invests heavily in technology to constantly improve its online platform and provide customers with a seamless shopping experience.

Action: ASOS regularly updates its product offerings, website design, and marketing campaigns to stay relevant and appeval to its target audience. It also actively engages with its customers through social media and other channels to understand their preferences and needs.

ASOS has become such a successful online fashion brand due to its effective execution of the SOSTAC model. Its focus on offering a wide range of products at competitive prices, using technology to enhance the customer experience, and actively engaging with customers has helped it establish a strong brand identity and a loyal customer base.

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Answer:

B

Explanation: Just answered it

People who take loan from a Bank have the responsibility to pay the full amount of each monthly payment. Hence, option B is correct.

The Person who took loan from Bank has the responsibility to pay the due amount to the bank within the time limit given by the Bank. If a person failed to do so, he is charged with late fees and also it affects his future loan taking perspectives.

Hence, People who take loan from a Bank have the responsibility to pay the full amount of each monthly payment. Therefore, option B is correct.

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Answer:

10.6%

Explanation:

Calculation for the required return

Using this formula

Required return=(Dividend payment/Stock per share)+Anticipated growth rate

Let plug in the formula

Required return =($2.90 per share/$49.40 per share)+0.0475

Required return=0.05870+0.0475

Required return =0.106*100

Required return =10.6%

Therefore the Required return will be 10.6%

The probability that calls last between 4.0 and 6.0 minutes is approximately 0.7441, or 74.41%.

To find the probability that calls last between 4.0 and 6.0 minutes, we need to calculate the area under the normal curve between these two values.

First, we need to standardize the values using the Z-score formula: Z = (X - μ) / σ, where X is the value, μ is the mean, and σ is the standard deviation.

For 4.0 minutes:

Z1 = (4.0 - 4.5) / 0.70 = -0.71

For 6.0 minutes:

Z2 = (6.0 - 4.5) / 0.70 = 2.14

Next, we need to find the cumulative probabilities associated with these Z-scores using a standard normal distribution table or a statistical software.

The probability associated with Z1 is P(Z ≤ -0.71), and the probability associated with Z2 is P(Z ≤ 2.14).

Using a standard normal distribution table, we can find these probabilities:

P(Z ≤ -0.71) ≈ 0.2389

P(Z ≤ 2.14) ≈ 0.9830

To find the probability that calls last between 4.0 and 6.0 minutes, we subtract the lower probability from the higher probability:

P(4.0 ≤ X ≤ 6.0) = P(Z ≤ 2.14) - P(Z ≤ -0.71)

≈ 0.9830 - 0.2389

≈ 0.7441

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Answer:

By Private placement, the company will be able to raise funds offering shares to a select group of investors.

Explanation:

A risk response plan lists your risks, including identified risk causes, descriptions, and Option A. potential impacts.

The Risk Response Planning is a process that recognizes potential risks, assesses them, and establishes management plans to reduce or prevent them. Risk response plans should describe the expected outcome of each response action, any significant input from stakeholders, and the time and resources required to carry out the response. A risk response plan typically includes the following sections:

Risk Management Plan Preparation - This section provides guidance for preparing the risk management plan's remainder. It describes the recommended contents of the risk management plan and the recommended process for preparing it.

Risk Identification - This section identifies risk sources that might cause a negative outcome for the project. It also provides a risk identification checklist that the project team can utilize as a starting point for identifying risks.

Risk Analysis - This section analyzes each identified risk's potential impact on project success by estimating the probability of occurrence and the potential effect on the project's objectives.

Risk Response Development - This section outlines the strategies and actions for managing risks. It includes contingency plans for high-priority risks and an implementation plan for all other risks.

Risk Response Control - This section describes how to evaluate the effectiveness of the risk response strategy, establish contingency plans, and implement corrective action as needed.

Risk response plans should be developed in collaboration with stakeholders to ensure that the project's risks are addressed appropriately. In addition, they should be reviewed regularly and updated as necessary throughout the project. The most important part of any risk response plan is the risk response strategy, which describes the specific actions to be taken in response to each identified risk. Therefore, the correct option is A.

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Question 6 of 10

A risk response plan lists your risks, including identified risk causes, descriptions, and

Select an answer:

A. potential impacts

B. why the risk can't be avoided

C. your sponsor's assignee to handle risk

D. issue register

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When other sources of information about quality aren't readily available, the higher price is what is used in consumers' evaluation process.

Consumer assessment, often known as consumer testing or consumer research, is the act of evaluating a product or service's qualities or performance based on how people perceive it to be. With the expansion of the consumer goods business over the past few decades, numerous techniques have been developed.

You can use a customer assessment form to get information from customers regarding their interactions with your business. This comprises—without being limited to—satisfaction ratings, areas for improvement, and comments on particular goods or services.

Consumer assessment, often known as consumer testing or consumer research, is the act of evaluating a product or service's qualities or performance based on how people perceive it to be. With the expansion of the consumer goods business over the past few decades, numerous techniques have been developed.

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Answer:

d.comparison shoppers

Explanation:

Comparison shoppers refers to the type of costumers who like to investigate each products that they buy into the smallest details. They want to make sure that they get the most economic benefit by choosing the best products with the most reasonable price range.

Typically, this type of costumers do not have a loyalty toward a certain brand. All they want is value. Before making a purchase they tend to conduct a through research that make their decision making process become a little bit longer compared to other customers.

Considering the situation described in the question, the reason Michelle's plan might hurt rather than help her business is that "People who read more books are likely to have a higher willingness to pay than others."

This is because people with postsecondary degree encompasses college graduates; as such, people like that would buy more of her books than people that doesn't like to read.

However, since she will be selling at a discount to postsecondary degree people, this would lead to a loss in the long run since most of her books would be sold at discounts.

Hence, in this case, it is concluded that Michelle should instead sell books at discounts to people without degrees than people with degrees.

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The four arguments that she can make about how the global economy impacts business organizations are:

It should be noted that the global economy is very essential factor that has been able to influence the globe, however the characteristic elements that  that can be associated to the economic globalization are:

In conclusion, the Globalization help the people of the world especially businesses as well as  new companies  to be able to conveniently compete with old incumbents.

It should be noted that this has helped the trade sector  to  increased the number of people  that works for them accross the globe.

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Answer:

Government borrowing/national debt.

Real disposable incomes.

Income inequality (Gini coefficient)

Labour productivity.

Investment levels.

Exchange rate.

Misery index (inflation rate + Unemployment rate)

Poverty levels.

Explanation:

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