Suppose that the allowance factor for a job is 0.15, and the normal time is 8 hours. What is the standard time?

Q: Please post. General Account

A: Step 1: Identify the variable manufacturing costs per unit Step 2: Add the variable manufacturing…

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A: Given Information:Sales price: $12,500Terms: 1/10, n/30:1% discount if payment is made within 10…

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A: To determine the financial advantage or disadvantage of spending the additional $250,000 on…

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A: Explanation: In the given case, we are required to calculate the monthly payment if the purchase of…

Q: The balance sheet of United Studios at December 31 showed assets of $76,000 and shareholders equity…

A: Explanation of Assets:Assets are resources owned by a company that have economic value and are…

Q: provide correct answer.

A: Calculation of Completed Units:Completed Units = Work-in-process beginning + Started with current…

Q: If a company has sales revenue of $120,000, cost of goods sold of $70,000, and operating expenses of…

A: Concept of Sales Revenue:Sales revenue refers to the total amount of money a company earns from…

Q: Question: A companys total liabilities are $247,000, and its equity is $987,000. What are the total…

A: Explanation of Assets:Assets are resources owned by a company that have monetary value and are…

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A: Explanation: As per High-Low method, first, variable cost per unit is calculated, and then such…

Q: Please solve this question general accounting

A: Step 1: Define Net ProfitNet profit or net income is the ultimate profit generated by a company…

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A: Concept of Cost of Goods Sold (COGS): COGS represents the direct costs of producing or purchasing…

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A: Explanation: In the given case,  we are required to calculate the return on equity using the data…

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A: Step 1: Definition of Days Sales in Receivables (DSR)Days Sales in Receivables (DSR) measures how…

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A: Explanation of Gross Profit:Gross profit is the profit a company earns from its core operations,…

Q: Calculate the gross profit margin?

A: Step 1: Define Gross Profit MarginThe gross profit of a company can be calculated in terms of ratio…

Q: Earning after taxes of $25,000? General accounting

A: Step 1: Define Net Profit MarginNet profit margin is also called net margin. It is a financial…

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A: Concept of Current LiabilityA current liability is a financial obligation a company is required to…

Q: Provide correct option general accounting

A: Step 1: Definition of Gross MarginGross margin represents the percentage of net sales revenue…

Q: Que. Account

A: The correct answer is:c. expenses.  Explanation:Owner's equity is decreased by expenses…

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A: Step 1: Define Present Value of Growth OpportunitiesThe present value of growth opportunities (PVGO)…

Q: Provide correct answer general Accounting

A: Step 1: ROE needs to be computed by using the DuPont formula as stated below: ROE = Profit Margin *…

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A: Explanation: In the given case, we are required to calculate the net change in total assets when…

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A: Step 1: Define Direct Materials BudgetThe direct materials budget is prepared to estimate the…

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A: Step 1: Define InventoryThe beginning and ending balances in inventory represent two different…

Q: If the company's growth rate is 5 percent??

A: Step 1: Total Value of the Firm (V)The value of the firm (V) under perpetual growth can be…

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A: Step 1: Define Gross MarginGross margin is also known as gross profit which is the difference…

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A: Concept of Contribution Margin: The contribution margin is the difference between the selling price…

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A: Step 1: Key DataWork in process (WIP), October 1:Units: 50,000Percent complete (materials):…

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A: Calculation of Gross MarginGross Margin = Net Sales - Cost of Goods Sold                        =…

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A: To calculate the tax owed by Holiday Inn on a taxable income of $177,284, we will apply the given…

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A: Explanation of Net Cash Provided or Used by Operating Activities:Net cash provided or used by…

Q: What is the amount of Stockholders' equity at the end of the year on these general accounting…

A: Step 1: Define Stockholders' EquityStockholders' equity represents the owners' residual interest in…

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A: Step 1: Define Profit MarginProfit margin measures the percentage of sales revenue that translates…

Q: If a company’s revenue is $65,000, the cost of goods sold is $38,000, and operating expenses are…

A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…

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A: Explanation of Straight-Line Depreciation:Straight-line depreciation is a method of systematically…

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A: Step 1: Key InformationUnits Completed and Transferred Out: 9,900 (fully complete for both direct…

Q: What was the inventory turnover for peak performance sports for 2023 on these general accounting…

A: Step 1: Define Inventory TurnoverInventory Turnover is a measure of how efficiently a company…

Q: Concord Corporation sells its product for $80 per unit. During 2016, it produced 60,000 units and…

A: 1. Identify the variable manufacturing costs:Direct materials: $22Direct labor: $12Variable…

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A: Step 1: Define Return on Equity (ROE)The return on equity ratio denotes the net income made by a…

Q: If supplies that have been purchased are used in the course of business, then: a. a liability will…

A: The correct answer is:c. owner's equity will decrease. Explanation:When supplies are used in the…

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A: Step 1: Definition of Operating ActivitiesOperating activities are the primary revenue-generating…

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A: Given Information:Sales Price (per unit): $127Manufacturing Costs:Fixed Overhead (monthly):…

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A: Explanation of Net Sales:Net sales represent the total revenue a company earns from its primary…

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A: Comprehensive income includes all changes in equity during a period, except those resulting from…

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A: Explanation: In the given case, we are required to calculate the total equity of Office Mart at the…

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A: Step 1: Definition of Noncurrent AssetsNoncurrent assets are long-term assets that a company expects…

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A: Step 1: Define Key MetricsKey metrics are measurable values that organizations use to track,…

Q: What is the absorption cost per unit on these general accounting question?

A: Step 1: Define Absorption CostingAbsorption costing is a costing method that includes all variable…

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A: To calculate the equivalent units of production for the Converting Department, we use the…

Q: During the current year, merchandise is sold for $570,000 cash and $1,690,000 on account. The cost…

A: Concept of Gross Profit:Gross profit is the financial metric that represents the difference between…