Mackie Services operates a website that links experienced statisticians with businesses that need data analyzed. Statisticians post their rates, qualifications, and references on the website, and Mackie receives 25% of the fee paid to the statisticians in exchange for identifying potential customers. Hoffman Associates contacts Mackie and arranges to pay a consultant $1,500 in exchange for analyzing some data. Mackie's income statement would include the following with respect to this transaction:_________
a. Revenue of $1,875 and cost of services of $1,500
b. Revenue of $1,500
c. Revenue of $1,500, and cost of services of $1,125
d. Revenue of $375
Answers
Answer:
d. Revenue of $375
Explanation:
The amount paid by the Vetmed associates is an expense for associates
The amount received by statisticians is a revenue for them
Mackie Services an intermediate between the two and so, the percentage amount received by Mackie Services is a revenue
Mackie's income statement would include a revenue of:
= Amount paid to statisticians * % Received
= $1,500 * 25%
= $375
Related Questions
Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $19.00 per direct labor-hour and $15.00 per direct labor-hour, respectively. The company’s direct labor wage rate is $21.00 per hour. The following information pertains to Job N-60: Assembly Testing & Packaging Direct materials $ 375 $ 39 Direct labor $ 168 $ 84 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job?
Answers
The total manufacturing cost assigned to Job N-60 is $ 696. If Job N-60 consists of 10 units, the unit product cost for this job is $111.00.
How to find the manufacturing costs ?Direct materials (Assembly + Testing & Packaging) = $375 + $39
= $414
Direct labor (Assembly + Testing & Packaging) = $168 + $84
= $252
Overhead applied (Assembly + Testing & Packaging) = $19 * 168 + $15 * 84 = $316 + $126
= $442
Total manufacturing cost = $414 + $252 + $442
= $1110
Unit product cost = Total manufacturing cost / Number of units
= $1110 / 10
= $111.00
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4. These are goods that are non-rival and nor excludable in consumption A. public goods B. export goods C.private goods D. consumption goods
Answers
Public goods are goods that are non-rival and non-excludable in consumption. This means that the consumption of the good by one individual does not reduce the availability of the good for consumption by others, and that it is not possible to prevent individuals from consuming the good. The correct answer to the question is A.
Examples of public goods include street lighting, national defense, and public parks. These goods are typically provided by the government because they are considered to be important for the well-being of society as a whole, but it is difficult for private companies to provide them because they cannot charge individuals for their use. The provision of public goods can be challenging because of the free-rider problem. This occurs when individuals are able to benefit from the provision of the public good without contributing to its production or maintenance.
This can lead to under-provision of public goods because there is little incentive for individuals to contribute to their provision. Overall, public goods are an important concept in economics because they represent goods that are not well-suited to provision by the market, and require government intervention to ensure their provision for the benefit of society as a whole. The correct answer to the question is A.
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A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
Answers
A promissory note can best be described as: a. an interest-bearing IOU.
What is promissory note?Promissory note can be defined as a written note that help to shows that a person who lend a money from another person promise to payback. The note contains a promise by the borrower to pay back the lender within a stipulated period of time.
A promissory note can tend to be described as IOU which full meaning is I OWE YOU which implies that a borrower is telling the lender that he/she owe the lender some certain amount of money which the borrower will have to payback.
A promissory note also contains the terms and conditions of the agreement and this terms and agreement includes the following :
The principal amountThe loan maturity dateThe interest etcTherefore we can conclude that the correct option is A.
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25 POINTS AND BRAINLIEST!! PLS HELP
What items should be included in signatures on business e-mail?
threads
e-mail address
name and title
company name
inspirational messages
phone and fax numbers
mailing address
Answers
Hey there!
The following should be the answers:
e-mail address
name and title
company name
phone and fax numbers
mailing address
Hope it helps and have an amazing day!!!
Answer:
yeah they right on OW
Explanation:
pes
Here is some basic data for Honey Dukes Corporation:
Beginning raw materials inventory
Beginning finished goods inventory
Cost of direct materials requisitioned
Actual manufacturing overhead
Cost of goods sold
$37,000 Beginning work in process inventory
59,000 Cost of materials purchased
87,000 Direct labor incurred
195,000 Completed goods
255,000 Manufacturing overhead rate (% of
direct labor)
68,000
188,000
195,000
287,000
125%
The journal entry to record the cost of jobs sold would include a
O credit to Finished Goods Inventory account for $255,000.
debit to Finished Goods Inventory account for $255,000.
O credit to Finished Goods Inventory account for $287,000.
debit to Cost of Goods Sold account for $287,000.
Answers
For Honey Dukes Corporation, a debit of $287,000 from the Cost of Goods Sold account and a credit of the same amount to the Finished Goods Inventory account would be the appropriate journal entry to reflect the cost of jobs sold.
Record the journal entry.For Honey Dukes Corporation, the correct journal entry to represent the cost of jobs sold would be a debit of $287,000 from the Cost of Goods Sold account and a credit of the same number to the Completed Products Inventory account. This is because the cost of products sold, which accounts for the price of all things sold during the time and includes the cost of direct material and direct, direct labour, and manufacturing overhead. The finished products inventory account reflects the cost of all produced goods available for sale but not yet purchased. The cost is thus transferred from the finished products inventories account to the cost of goods sold column when the goods are sold.
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plzz someone help me
Answers
Insurance sales, tax preparation, personal financial advising, and investment fund management are careers in which workers can be self-employed. Which careers have the highest and lowest self-employment rates?
Insurance sales has the highest rates, and tax preparation has the lowest rates.
Personal financial advising has the highest rates, and investment fund management has the lowest rates.
Investment fund management has the highest rates, and insurance sales has the lowest rates.
Tax preparation has the highest rates, and personal financial advising has the lowest rates.
Answers
Answer:
A.Insurance sales has the highest rates, and tax preparation has the lowest rates.
Explanation:
its most likely A. Insurance sales has the highest rates, and tax preparation has the lowest rates.
Answer: A insurance sales has the highest rates, and tax preparation has the lowest rates.
Explanation:
ABC Company holds a well-diversified portfolio in the amount of $90,000 that has an expected return of 11.0% and a beta of 1.28. It is buying 1,000 shares of DEF Company stock at $10 a share and adding them to its portfolio. DEF Company has an expected return of 13.0% and a beta of 1.50. Currently, the risk free rate is 2.5%, and the stock market return is 8.06%.
What will the beta on the portfolio be after the purchase of the Syngine stock?
a. 1.17
b. 1.29
c. 1.36
d. 1.42
e. 1.23
Answers
Which of the following statements regarding the risk-return relationship is most accurate?
a. Lower credit scores are associated with lower APRs.
b. Higher credit scores are associated with lower APRs.
c. Longer loan length is associated with lower APRs.
d. Shorter loan length is associated with higher APRs.
e. Both Higher credit scores are associated with lower APRs and Shorter loan length is associated with higher APRs are correct.
Answers
The statement regarding the risk-return relationship is most accurate is Higher credit scores are associated with lower APRs.
What are Credit scores?
Based on information from your credit reports, a credit score predicts your credit behavior, such as how likely you are to repay a loan on time.
Your eligibility for a mortgage, credit card, vehicle loan, and other credit products, as well as for tenant screening and insurance, are all determined by credit scores. They are also used to calculate your credit limit and interest rate.
Your credit score is generated by businesses using a mathematical formula known as a scoring model and data from your credit report.
Despite variations depending on the credit scoring methodology, generally speaking, credit scores between 580 and 669 are regarded as acceptable, 670 to 739 as good, and 740 to 799 as very good; and 800 and up are considered excellent.
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Best practices help inventory managers control their inventory. Which of the following is an inventory management best practice?
Review safety stock levels on an annual basis
Purchase high volumes of trendy items
Know your most productive inventory and buy more of it
Keep sales and operations separate from inventory management
Answers
Answer:
qwowjphpiopfhaf
Explanation:
ddd
Review safety stock levels on an annual basis. Thus the option A is correct.
What is inventory control ?The control over the inventory means the activity of checking a shop stop. It a process to ensure that you have the right amount of supply available within the business.
The inventory control also relates to the stock control. Other factors of inventory control include future forecasting and supply chain management. The production control and financial flexibility.
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Can independence in fact or independence in appearance stand alone?
Answers
Independence in fact is the foundation that gives substance and meaning to a person's independence, while independence in appearance focuses on the external projection of independence
Distinction between independence in fact and independence in appearanceIndependence in fact: This refers to a person's actual ability to make decisions, take action, and manage their own affairs without relying heavily on others.
Independence in appearance: This pertains to how independent a person appears or is perceived by others. It focuses on the external manifestations
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In which of the following do private individuals and firms own most of the property resources such as land and capital? a) Barter system b) Communism c) Market system d) Socialism
Answers
Market system do private individuals and firms own most of the property resources such as land and capital.
What constitutes a market system, specifically?A market system is a group of buyers, sellers, and other participants who get together to conduct business in a certain good or service. A market system's participants include: Direct market participants that fuel economic activity in the market include producers, buyers, and consumers.
It is not governed by a centralised body; rather, the supply and demand for goods and services decide it. The market economies of the United States, England, and Japan are all examples.
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Suppose a group of investors pooled $750,000 and founded Best National Bank in Rochester, NY. Best National Bank used $$75,000 of this to purchase shares in the New York Federal Reserve Bank. With the remaining $675,000, the bank manager purchased a building, furniture, and equipment for the bank.
Answers
Answer:
I have no idea to wat the answer is
the earned income tax credit, a government program that supplements the incomes of low wage workers, is an example of
A. Minimum-wage law
B. Price ceiling
C. Wage subsidy
D. Rent subsidy
Answers
The earned income tax credit, a government program that supplements the incomes of low wage workers, is an example of Wage subsidy.
What is wage subsidy?A wage subsidy is a sum of money given to employees by the government, either directly or via their employers. Its objectives are to reduce unemployment through income redistribution and avoiding the welfare trap associated with other forms of aid. The way to execute it most organically is to change the income tax structure. In his 1933 book The Theory of Unemployment, A. C. Pigou made the wage subsidy suggestion. Later, it was promoted as participation income by British economist Tony Atkinson, American policy advisor Oren Cass, and American economists Edmund Phelps and Scott Sumner.
The wage subsidy is distinct from universal basic income (UBI) in that only people who are employed for a wage are eligible for it.
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anet, Carol, Eva, and Wendy incorporate their law practice (“Shysters-R-Us, Inc.”) with the following investments: A) Janet contributes her copyright (basis of $60,000 and FMV of $144,000) for 9400 shares of Shyster stock, worth $98,000. The corporation also assumed her $46,000 of business debts. Janet’s basis in her Shyster stock.
Answers
Based on the basis of the stock that Janet contributed and the business debts assumed, Janet's basis in Shyster is $14,000.
What is Janet's basis?This can be found as:
= Basis of the copyright that Janet contributed - Her business debts assumed
Solving gives:
= 60,000 - 46,000
= $14,000
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A company has a fiscal year-end of December 31: (1) on October 1, $32,000 was paid for a one-year fire insurance policy; (2) on June 30 the company advanced its chief financial officer $30,000; principal and interest at 8% on the note are due in one year; and (3) equipment costing $80,000 was purchased at the beginning of the year for cash. Depreciation on the equipment is $16,000 per year. If the adjusting entries were not recorded, would net income be higher or lower and by how much
Answers
Answer:
The new income will be higher by $22,800.
Explanation:
The net income is the actual earnings of the business which is determined from the profit or loss statement by deducting all the expenses from the revenues earned.
The effect of the adjusting entries on the net income will be as follows:
1) Insurance expense will be of $8,000. It is charged for the period of three months only. This will decrease the net income.
2) Interest revenue will be of $1,200. It is charged for 6months. This will increase the net income.
3) The depreciation expense of $16,000. This will decrease the net income.
Therefore for the overall effect on the net income, if there will be no effect of the above adjustments then it will show net income by higher amount then the actual net income, by $22,800.
define debt economics.
Answers
Answer:
Debt, Something owed. Anyone having borrowed money or goods from another owes a debt and is under obligation to return the goods or repay the money, usually with interest. For governments, the need to borrow in order to finance a deficit budget has led to the development of various forms of national debt
The “politics of representation" is the examination of why groups are portrayed the way that they are in the media.
A. True
B. False
Answers
Answer:
A) TRUE
Explanation:
plato/edmentum
3 key success factor of effective environmental risk management
Answers
Answer:
Cybersecurity studies and implementation
Security and resilience policy and procedure development
Climate adaptation and resilience planning
Do you agree or disagree with the manager’s decision of when to ship goods to customers and record the revenue? Explain your reasoning. Is there an accounting rule against this practice?
Answers
Answer:
sorry
Explanation:
Discuss the functions of government necessary for a country
Answers
The functions of government are crucial for the proper functioning and development of a country. These functions can vary depending on the type of government system in place, but there are several key functions that are commonly considered necessary for a country's stability and progress.
1. Legislation and Governance: One of the primary functions of government is to create and enforce laws that maintain order, protect individual rights, and promote the welfare of the citizens. Governments establish institutions and frameworks for governance, ensuring the rule of law and providing a system of justice.
2. Defense and Security: Governments are responsible for safeguarding the country and its citizens from external threats. This involves maintaining armed forces, intelligence agencies, and diplomatic relations to protect national security interests.
3. Economic Management: Governments play a crucial role in managing and regulating the economy. They establish fiscal and monetary policies, oversee financial institutions, promote trade, and create an environment that supports economic growth and stability. Government intervention is often necessary to address market failures, promote fair competition, and protect consumers.
4. Social Welfare: Governments have a responsibility to ensure the well-being and social welfare of their citizens. This includes providing basic services such as healthcare, education, social security, and infrastructure development. Governments also implement social policies to address poverty, inequality, and promote equal opportunities.
5. Public Services: Governments are responsible for delivering essential public services, such as transportation, utilities, public safety, and environmental protection. These services are necessary for the functioning of society and improving the quality of life for citizens.
6. Diplomacy and International Relations: Governments engage in diplomatic activities and maintain relationships with other nations. They negotiate treaties, participate in international organizations, and represent the country's interests abroad. Governments also address global challenges, such as climate change and human rights, through international cooperation.
7. Public Communication and Information: Governments have a role in providing transparent and accurate information to the public. They engage in public communication, disseminate information, and promote citizen engagement and participation in the decision-making process.
These functions of government are essential for maintaining social order, promoting economic growth, protecting citizens' rights, and ensuring the overall well-being of a country. Effective governance requires a balance between these functions, adaptability to changing circumstances, and responsiveness to the needs and aspirations of the citizens.
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Partly as a response to concerns expressed by environmentally conscious consumers, Unilever has introduced its “sustainable Living Brands” of “greener” products. Through product development, sourcing through a sustainability lens and manufacturing efficiencies, opportunities for innovation have opened up for Unilever.
The ‘greener’ product is an example of Unilever’s corporate level strategy for _______ growth.
Select one:
a.
internal
b.
external
c.
responsive
d.
innovative
Answers
The ‘greener’ product is an example of Unilever’s corporate-level strategy for innovative growth. Thus, option D is correct.
Unilever has launched its "sustainable Living Brands" of "greener" products, in part in response to concerns voiced by environmentally aware consumers.
Prospects for innovation have arisen for Unilever through product creation, sustainable sourcing, and production efficiency. The 'greener' product is an illustration of Unilever's corporate-level approach to creative expansion. Therefore, it can be concluded that option D is correct.
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If you are a debt investor, how do you make money from your investment?
Answers
Explanation:
You trade to make money. Which is done by investing into a trade market
Answer:
Lending money and charging interest
Explanation:
Leo is working on setting up a new network for his company. Every time he tries to connect the computers together, he finds another error. Leo is frustrated and walks outside to clear his head. What could Leo do next to show that he can display perseverance?
Question 8 options:
Leo should quit because he obviously cannot do the job.
Leo should take the rest of the day off to relieve some stress.
Leo should go back in and try again once he has gathered his thoughts.
Leo should tell another engineer to fix the problem.
Answers
Taking a break to clear his head and relieve some stress is a good idea, but it should not be the end of his efforts. After taking a break, Leo should go back in and try again, using the time away to gather his thoughts and approach the problem with renewed energy. Option 3
Leo's frustration with the constant errors in setting up the new network is understandable. However, displaying perseverance in this situation would require him to keep trying and not give up until the network is successfully established.
Giving up and quitting is not an option if Leo wants to display perseverance and prove his capability. It may also be helpful for Leo to seek assistance from his colleagues or superiors who may have more experience in setting up networks.
By continuing to work towards establishing the new network despite the setbacks, Leo can show that he has perseverance and is willing to put in the effort required to get the job done. It may take some time and patience, but eventually, Leo's persistence and dedication will pay off, and the network will be successfully set up, providing a significant benefit to his company.Leo should go back in and try again once he has gathered his thoughts.Option 3
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Jim has to step into an existing high-priority project as the current project manager has suddenly reported sick just before an important milestone. He finds that the team is exhausted on account of the high workload, morale is low, and the client is pushing forward with previously agreed but clearly unreasonable deadlines. 1. What is the second most effective responsive? Jim decides to set the house in order. He informs his director with a status report detailing the issues, informs him that he would be talking with the client to discuss the deadlines, and needs to sit with the team to review and resolve the issues to the extent possible before the next scheduled delivery. Jim tries to maintain the status quo and presses forward with the team to ensure client deadlines are met, no matter what. It is just a matter of holding the fort till the original project manager is back. Jim decides it is not worth stake his reputation on an ill-fated project, informs his director accordingly with a status report detailing the issues, and excuses himself from the project.
Answers
The second most effective response is, Jim decides to set the house in order. He informs his director with a status report detailing the issues, informs him that he would be talking with the client to discuss the deadlines, and needs to sit with the team to review and resolve the issues to the extent possible before the next scheduled delivery. Option a is correct.
The second most effective response would be option (a). Jim needs to communicate with the director about the situation and then address the issues with the team and client. It is important to set realistic expectations and ensure that everyone is on the same page. Ignoring the problems and pressing forward (option b) could result in further burnout and even more problems down the line.
Walking away from the project (option c) is not a good option either, as it does not address the current situation and could harm Jim's professional reputation. It is important to take responsibility and make an effort to improve the situation to the best of Jim's ability. Option a is correct.
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ANSWER FAST PLEASE!!
What could a consumer do to help his or her community? *financial literacy*
A. buy imported goods
B. user fewer plastic utensils
C. buy goods online
D. purchase goods produced locally
Answers
A consumer can help his or her community financial literacy wise by purchasing the goods produced locally because its helps the economy in GDP.
What is financial literacy?A financial literacy refers to a possession of an ability to understand financial skills including personal financial management, budgeting, investing etc
Hence, a consumer can help his or her community financial literacy wise by purchasing the goods produced locally because its helps the economy in GDP.
Therefore, the Option C is correct
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Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:
1. What is the materials quantity variance for March?
2. If Preble had purchased 171,000 pounds of materials at $7.20 per pound and used 155,000 pounds in production, what would be the materials quantity variance for March?
3. What is the labor rate variance for March?
4. What is the labor efficiency variance for March?
5. What is the labor spending variance for March?
Answers
Labor efficiency variance = (Actual hour * Standard rate) - (Standard hour * Standard rate).
Labor efficiency variance = $404,600 F
What is Labor efficiency variance?By "efficiency of labor," we mean a worker's ability to produce more or better work, or both, over the course of a given amount of time.
1) Labor efficiency variance = (68,000 * $17) - ((30,600 * 3) * $17)
Labor efficiency variance = $1,156,000 - (91,800 * $17)
Labor efficiency variance = $404,600 F
2) Variance in direct labor worked divided by variance in labor efficiency
Variance in labor costs is $404,600 - $68,000.
Variance in labor costs = $336,600 F
3) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.
Manufacturing variable overhead cost = 24,000 * $21
$504,000 is the variable manufacturing overhead cost.
4) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.
Cost of variable overhead in production = 30,600 * $21
$642,600 is the variable manufacturing overhead cost.
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1 benefit of transportation management system is fewer stock outs
Answers
Answer:
One benefit of a transportation management system (TMS) is that it can help reduce stockouts in a supply chain. A TMS can optimize the transportation of goods, providing real-time visibility into inventory levels and shipment statuses. This can help to ensure that goods are delivered to their intended destination on time, reducing the likelihood of stockouts caused by delays or other transportation-related issues.
By using a TMS, companies can also better manage their inventory levels by forecasting demand and adjusting shipments accordingly. This can help to prevent overstocking and reduce the need for excess inventory storage, which can save costs in the long run.
Overall, by improving transportation management and providing greater visibility into inventory levels and shipment statuses, a TMS can help to minimize the occurrence of stockouts and improve supply chain efficiency.
Explanation:
Fill in the blanka landlord who rents five or more units in one building should provide a written cost of repairs within ____ days of the tenant vacating.
Answers
The answer is 30 days. A landlord who rents five or more units in one building should provide a written cost of repairs within 30 days of the tenant vacating.
If the building or facility consists of five or more units, the landlord must send the tenant a written statement of the material damage to be repaired and the expected repair costs within 30 days of the tenant moving out.
The written repair cost must include an estimate of the cost of materials, labor and other costs associated with the repair. The owner must also provide a schedule showing when the repairs will be completed.
The tenant must be able to choose a workshop. If the renter chooses a contractor, the lessor must provide a written agreement setting out the responsibilities of both parties.
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what are finance management
Answers
Answer:
Financial management is the business function.
Explanation:
Financial management is the business function concerned with profitability, expenses, cash and credit, so that the "organization may have the means to carry out its objective as satisfactorily as possible;" the latter often defined as maximizing the value of the firm for stockholders.