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48% 13:27 QnA The current assets and curr: X + ← →→ Cexpert.chegg.com/qna/authoring/answer 2 Chegg Home Expert Q&A My solutions Notifications Mountain Manufacturing Company produces custom stamped metal parts for a variety of customers in Western Canada. During January, the company had two jobs in process. Job A was an order for 1,200 stamped parts and was started in December Job A had $12,000 of manufacturing costs already accumulated on January 1. Job B was an order for 1,000 stamped parts and was started in January The company used a job-order costing system. Total manufacturing overhead for the year was estimated to be $576,000, Mountain Manufacturing uses direct labour-hours as the allocation base to establish its predetermined overhead rate. A total of 19,200 direct labour-hours are expected to be worked during the year. On January 1, the start of the company's fiscal year, inventory account balances were as follows: Raw Materiale Mork in Proces Finished Goods $15,000 $12,000 $19,000 During the month of January, the following transactions were completed: a. Raw materials were purchased for $30,000. b. Raw materials were requisitioned for usein production in the amount of $35,000 of this amount, $25,000 was related to manufacturing ($5,000 for Job A and $20,000 for Job B) and the rest were indirect materials In January, $32.000 of direct labour ($7,000 for Job A and $25,000 for Job B). In addition, $2.000 of indirect labour costs were incurred. d. in January, the company incurred the following general factory costs: Utilities expense of $8,000, rent on factory equipment of $8,000, and insurance costs of $1,900. e. The company recognized $10,000 in depreciation on factory equipment. t. The company applied manufacturing overhead to Job A and Job B. A total of 350 direct labour hours were spent completing Job A and 1.250 direct labour-hours were recorded for Job B. g. Administrative salaries of $30,000 were paid in January. h. Selling expenses totalled $6,000 in January. Job A was completed in January. The completed cost of Job A according to the job cost sheet was $34,500. Job B remains in process at the end of January J. Sales of all 1,200 units in Job A were recorded on account in the amount of $48,300 in January Show Transcribed Text G Required: 1. Prepare journal entries to record the transactions for January. (If no entry is required for a transaction/event, select "No journa entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 Raw materials were purchased for $30,000. on account. Note: Enter dubits before credits Transaction General Journal Debit Credit Skip question Exit Back Next Submit your solution Training
The following graph shows the relationship between a worker’s years of education and the salary he or she is likely to earn.
United Snack Company sells 40-pound bags of peanuts to university dormitories for $30 a bag. The fixed costs of this operation are $321,200, while the variable costs of peanuts are $0.20 per pound. a. What is the break-even point in bags? b. Calculate the profit or loss (EBIT on 10,000 bags and on 23,000 bags. c. What is the degree of operating leverage at 18,000 bags and at 23,000 bags? (Round answers to 2 decimal
48% 13:30 QnA ← →→ The current assets and curr: X + Cexpert.chegg.com/qna/authoring/answer Chegg Expert Q&A My solutions Notifications 2 Home Problem 4-2 (Algo) Discontinued operations [LO4.4] The following ondensed income statements of the Jackson Holding Company are presented for the two years ended December 31, 2024 and 2023 2924 2021 10,500,000 ince t $2,555,000 6,450, cee 2,550,000 2,600,000 On October 15, 2024, fackson entered to a tentative agreement to sell the assets of one of its divisions, the division qualities as a Lutponent of an entity as defined by CAAP The division was sold on December 31, 2024, for $5 270000 Book value of the division's ats was $4.580.000 The dive on's contribution to Jackson's operating Income before box for each year was as follows Assume an income tax rate of 25% Required Note: In ench case, net any gain or loss on sale of division with annual income or loss from the division and show the tax effect on separate line. Show Transcribed Text 1. Prepare revised incune statements according to generally accepted accounting principles, beginning with income from continuing operations before income taxes ignore EPS disclosures 2. Assume that by December 11, 2024, the division had not yet been sold but was considered held for sale The fan value of the division's assets on December 1ws $5,220.000 Pienate revised mcome statements according to generally accepted accounting proples beginning with income from continuing operations before income taxes Ignor FPS disclose 3. Assume that by December 31, 2024, the division had not yet been sold but was considered held for sale. The fair value of the Hartassels on December 31 was $3,990000 Prepare revised income statements according to geneally accepted accountion principles beginning with income um continuing operations beforeticome taxes Ignore EPS disclosures Show Transcribed Text Required Required 2 Required Prepare revised income statements according to generally accepted accounting principles, beginning with income from continuing operations before income taxes, Ignore EPS disclosures Note Amounts to he deducted should be indicated with a minus sign, Skip question JACKSON HOLDING COMPANY Comparative Income Statements (in part) Exit Start Solving Training
sales are $400000 and variable costs are $260000. What is the contribution margin ratio
Write a logical statement representing the circuit to the right. Simplify the circuit if possible. What is the logical form for the given circuit? A. (pΛq) V(p۸~q) B.pAqVpA~q C. pvqApv p v -q D.(pVq)A(pV~q)
The following information is available for Sunland Corporation for the year ended December 31, 2024:
year-old girl did a science fair experiment in which she tested professional touch therapists to see if they could sense her energy field. She flipped a coin to select either her right hand or her left hand, and then she asked the therapists to identify the selected hand by placing their hand just under her hand without seeing it and without touching it. Among 259 trials, the touch therapists were correct 113 times. Use a 0.10 significance level to test the claim that touch therapists use a method equivalent to random guesses. Do the results suggest that touch therapists are effective? Identify the null and alternative hypotheses for this test. Choose the correct answer below. A.H0: p=0.5 H1: p≠0.5 B.H0: p=0.5 H1: p<0.5 C.H0: p=0.5 H1: p>0.5 D.H0: p≠0.5 H1: p=0.5 Identify the test statistic for this hypothesis test. The test statistic for this hypothesis test is _____ (Round to two decimal places as needed.) Identify the P-value for this hypothesis test. The P-value for this hypothesis test is _____ (Round to three decimal places as needed.) Identify the conclusion for this hypothesis test. A. Reject H0. There is sufficient evidence to warrant rejection of the claim that touch therapists use a method equivalent to random guesses. B. Reject H0. There is not sufficient evidence to warrant rejection of the claim that touch therapists use a method equivalent to random guesses. C. Fail to reject H0. There is sufficient evidence to warrant rejection of the claim that touch therapists use a method equivalent to random guesses. D. Fail to reject H0. There is not sufficient evidence to warrant rejection of the claim that touch therapists use a method equivalent to random guesses. Do the results suggest that touch therapists are effective? The results suggest that the touch therapists performed (1)_____random guesses, so they (2)_____ to be effective. (1) worse than better than similarly to (2) appear do not appear
year-old girl did a science fair experiment in which she tested professional touch therapists to see if they could sense her energy field. She flipped a coin to select either her right hand or her left hand, and then she asked the therapists to identify the selected hand by placing their hand just under her hand without seeing it and without touching it. Among 259 trials, the touch therapists were correct 113 times. Use a 0.10 significance level to test the claim that touch therapists use a method equivalent to random guesses. Do the results suggest that touch therapists are effective? Identify the null and alternative hypotheses for this test. Choose the correct answer below. A.H0: p=0.5 H1: p≠0.5 B.H0: p=0.5 H1: p<0.5 C.H0: p=0.5 H1: p>0.5 D.H0: p≠0.5 H1: p=0.5 Identify the test statistic for this hypothesis test. The test statistic for this hypothesis test is _____ (Round to two decimal places as needed.) Identify the P-value for this hypothesis test. The P-value for this hypothesis test is _____ (Round to three decimal places as needed.) Identify the conclusion for this hypothesis test. A. Reject H0. There is sufficient evidence to warrant rejection of the claim that touch therapists use a method equivalent to random guesses. B. Reject H0. There is not sufficient evidence to warrant rejection of the claim that touch therapists use a method equivalent to random guesses. C. Fail to reject H0. There is sufficient evidence to warrant rejection of the claim that touch therapists use a method equivalent to random guesses. D. Fail to reject H0. There is not sufficient evidence to warrant rejection of the claim that touch therapists use a method equivalent to random guesses. Do the results suggest that touch therapists are effective? The results suggest that the touch therapists performed (1)_____random guesses, so they (2)_____ to be effective. (1) worse than better than similarly to (2) appear do not appear
On January 1. 2019, Aronsen Company acquired 90 percent of Siedel Company's outstanding shares. Siedel had a net book value on that date of $561,000 common stock ($10 par value) of $225,000 and retained earnings of $336,000 Aronsen paid $638,100 for this investment. The acquisition-date fair value of the 10 percent noncontrolling interest was $70,900. The excess fair value over book value associated with the acquisition was used to increase land by $66.400 and to recognize copyrights (16-year remaining life) at $81,600. Subsequent to the acquisition, Aronsen applied the initial value method to its investment account. In the 2019-2020 period, the subsidiary's retained earnings increased by $102,000. During 2021, Sledel earned income of $85,000. while declaring $21,000 in dividends. Also, at the beginning of 2021, Sledel Issued 4,500 new shares of common stock for $38 per share to finance the expansion of its corporate facilities. Aronsen purchased none of these additional shares and therefore recorded no entry Prepare the appropriate 2021 consolidation entries for these two companies. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Consolidation Worksheet Entries 1 2 4 5 > Prepare entry "C to convert to the equity method. Note: Enter debits belfare credits Transaction Accounts Debit Credit Show Transcribed Text Consolidation Worksheet Entries < 1 23 4 5 6 Prepare Entry C1 to record the adjustment for the subsidiary stock transaction. Note: Enter debits before credits. Transaction 2 Accounts Debit Credit
You will be finding the velocities of points B, C, and D or the assembly if the block at A is moving 8 ft/s to the right. Member CD is pin connected to member AB at point D.
Carnes Cosmetics Co.’s stock price is $30, and it recently paid a $1.00 dividend. This dividend is expected to grow by 30% for the next 3 years, then grow forever at a constant rate, g; and rs 5 9%. At what constant rate is the stock expected to grow after Year 3?
prepare a statement of cash flows using the indirect method. Sunland reports using IFRS and does not
Which one of the following statement(s) is NOT true? A. After firms go through the IPO process, the firm is subjected to more stringent disclosure rules B. Firms typically receive less proceeds than the IPO price C. On average, there is under-pricing in the IPO market D. IPO is a process in which firms issue equity for the second time
Which is a situation that the borrower will not exercise the call options of debt? A. The credit rating of the borrower has improved since the time of issuance (assuming treasury yield is the same) B. The market mortgage rate increases after a household gets a mortgage C. A new bank enters the market and offers mortgage rates below the current mortgage rates of a household D. Treasury yield has declined after a corporate has issued a callable bond (assuming credit rating is the same)
A fireworks shell P is launched upward from point A and explodes at its apex at an altitude of 275 ft. Relative to an observer at O, determine the values of and when the shell reaches an altitude y = 175 ft. Neglect aerodynamic drag.
sheridan company uses a job order cost system. On May 1, the company has balances
sheridan company uses a job order cost system. On May 1, the company has balances
M Bridgeport Corporation purchases a patent from Ivanhoe Company on January 1, 2017, for $41,000. The patent has Bridgeport feels the patent will be useful for 10 years. Assume that at January 1, 2019, The zanying ment January, Bridgeport spends $32,000 successfully defending a patent suit, Bridgeport stl fees the patio will be the Propare the journal entries to record the $32,000 expenditure and 2019 amortization. (Credit accom entered. Do not indent manually. If no entry is required, select 3ntry" for the account Elle Credit Expert Q&A Debit Exercise 12-2 Tiles and Explanation (Toracord expenditure of patents) (To record amortization expense) Chegg Home
Roskor Mining Limited (RML) has been mining uranium in Namibia for the past seven years. In 2014, RML has received another offer from a Canada based Uranium company to acquire 49% equity stake of the company. This investment would afford RML access to latest technology in mining uranium, capital to expand the mining operations and access to international markets which will result in higher selling prices and increased profits. RML is listed on the Namibian Stock Exchange. You have extracted the following information from the latest audited and published financial statements: Statement of financial position as at 30 June 2014 ASSETS Notes NS Non-current assets 14,470,000 Property, plant and equipment Current assets Inventory 1,900,000 EQUITY AND LIABILITIES Ordinary share capital 12% Cumulative non-redeemable preference shares Reserves 3,600,000 1,520,000 6,020,000 2 3 Non-current liabilities 10% Debentures 1,250,000 Notes: 1. The company has 3 000 000 authorised ordinary shares of which 2 400 000 shares have been issued at a nominal value of N$1.50 each. The company has earnings of N$1 570 000 for the year ended 30 June 2014. RML currently has a Price-earnings (P/E) ratio of 8. 2. No preference dividend has been paid since 2013. The company is planning to start preference dividends again from 2016. All arrear dividends will be paid in 2016. You may assume dividend payments are made at the end of each year. Similar preference shares are currently trading at 10% yield per annum. 1 3. The market interest rate for debt in the same class as RML's debentures is 12% per annum. The debentures are redeemable in 5 years from now at a premium of 7%. 4. The company tax rate is 30% and the company is in a tax paying position. REQUIRED: MARKS Calculate the market value of the capital structure components of RML as at 15 15 30 June 2014. TOTAL MARKS

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