Grouper Company began operations on January 2, 2019. It employs
9 individuals who work 8-hour days and are paid hourly. Each
employee earns 10 paid vacation days and 6 paid sick days annually.
Vacation days may be taken after January 15 of the year following
the year in which they are earned. Sick days may be taken as soon
as they are earned; unused sick days accumulate. Additional
information is as follows.
|
Actual Hourly |
Vacation Days Used |
Sick Days Used |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
2019 |
2020 |
2019 |
2020 |
2019 |
2020 |
|||||||
| $8 | $9 | 0 | 9 | 4 | 5 | |||||||
Grouper Company has chosen to accrue the cost of compensated
absences at rates of pay in effect during the period when earned
and to accrue sick pay when earned.
Compute the amounts of any liability for compensated absences
that should be reported on the balance sheet at December 31, 2019
and 2020.
|
2019 |
2020 |
|||
|---|---|---|---|---|
|
Vacation Wages Payable |
$enter a dollar amount | $enter a dollar amount | ||
|
Sick Pay Wages Payable |
$enter a dollar amount | $enter a dollar amount |
In: Accounting
On January 31, 2020, the manufacturing facility of a medium-sized company was severely damaged by an accidental fire. As a result, the company's direct materials, work in process, and finished goods inventories were destroyed. The company did have access to certain incomplete accounting records, which revealed the following:1.Beginning inventories, January 1, 2020:
|
Direct materials |
$32,000 |
|
Finished goods |
30,000 |
|
Work in process |
68,000 |
2.Key ratios for the month of January 2020:
Gross profit = 20% of sales
Prime costs = 70% of manufacturing costs
Factory overhead = 40% of conversion costs
Ending work in process is always 10% of the monthly manufacturing costs.
3.All costs are incurred evenly in the manufacturing process.
4.Actual operations data for the month of January 2020:
|
Sales |
$900,000 |
|
Direct labour incurred |
360,000 |
|
Direct materials purchases |
320,000 |
Instructions
a. From the above data, reconstruct a cost of goods manufactured schedule.
CGM $788,000
b. Calculate the total cost of inventory lost, and identify each category where possible (direct materials, work in process, and finished goods), at January 31, 2020.
Total $330,000
In: Accounting
Reporting on Discontinued Operations—Disposal in Current Year
On August 1, 2020, Fischer Inc. decided to discontinue the operations of its Services Division, which qualifies as a business component. An agreement was formalized to sell this component for $436,800 cash. The book value of the assets of the Services Division was $504,000. The disposal date was August 1, 2020. The income tax rate is 25%, and the accounting year-end is December 31. On December 31, 2020, the pretax income from all operations, including an operating loss of $56,000 incurred by the Services Division prior to August 1, 2020, was $1,120,000. There were 150,000 weighted average common shares outstanding during 2020.
Required
Prepare a partial income statement beginning with income from continuing operations. Include the earnings per share disclosures.
| Answer |
| Answer | ||||
| Discontinued operations | ||||
|
Answer |
||||
| Answer | ||||
|
Loss on disposal of discontinued component, net of tax savings |
Answer | |||
| Answer | ||||
| Answer | ||||
| Per share: | ||||
|
Answer |
||||
| Answer | |||
|
Answer |
|||
| Answer | ||||
|
Loss on disposal of discontinued component, net of tax savings |
Answer | |||
|
Answer |
||||
Answer
In: Accounting
Write a C program that will read different data types from the following file and store it in the array of structures.
Given file: (This file have more than 1000 lines of similar data):
| time | latitude | longitude | depth | mag | magType | nst | gap | dmin |
| 2020-10-19T23:28:33.400Z | 61.342 | -147.3997 | 12.3 | 1.6 | ml | 12 | 84 | 0.00021 |
| 2020-10-19T23:26:49.460Z | 38.838501 | -122.82684 | 1.54 | 0.57 | md | 11 | 81 | 0.006757 |
| 2020-10-19T23:17:28.720Z | 35.0501667 | -117.6545 | 0.29 | 1.51 | ml | 17 | 77 | 0.1205 |
| 2020-10-19T22:47:44.770Z | 38.187 | -117.7385 | 10.8 | 1.5 | ml | 15 | 100.22 | 0.049 |
| 2020-10-19T22:42:26.224Z | 54.4198 | -159.9943 | 18.7 | 2.9 | ml |
Create a structure like below and make an array of structures in the main C file and store the data based on their data types.
struct data
{
char time[100];
float latitude;
float longitude;
float depth;
float mag;
char magType[5];
char nst[5];
int gap;
float dmin;
};
In: Computer Science
Structure and makeup of Congress in 1789 and in 2020
In: Operations Management
F6: The Logic of Individual Choice 28 28 unread replies. 28 28 replies. Joseph Gallo, the founder of the famous wine company that bears his name, said that when he first started selling wine right after Prohibition (laws outlawing the sale of alcohol), he poured two glasses of wine from the same bottle and put a price of 10 cents a bottle on one and 5 cents a bottle on the other. He allowed people test both and asked them which they wanted. Most wanted the 10-cent bottle, even though they were the same wine. What does thus tell us about people? Can you think of other areas where that may be the case? What does this suggest about pricing? Is the rational choice theory still applicable in this case?
name of the book: Economics 9th edition
IT MUST BE 250 WORDS VERY IMPORTANT PLEASE
In: Economics
Include all the information below about Skin color and sun exposure : ( its genetic mutation(s), and the evolutionary mechanisms via which your trait came to differ between populations)
What is the trait called colloquially and scientifically?
What are the hallmarks or characteristics? ?
What mutation(s) causes the trait in your population of interest?
Name of allele? Gene? Type of mutation? ?
What are the differences in frequencies of your trait between the two populations, or, which alleles are characteristic of each population? ?
Are there aspects of this trait that could alter the fitness of the population?
Was the trait selected for or against? What about the environment caused this selection? ?
Did migration, bottlenecking, or the founder effect play pivotal roles in the prevalence of your trait? ?
Were there any types of selective breeding that contributed to the difference in frequency between populations. ?
Is there evidence that
interactions with other, pre-existing genes, played a role in the
emergence or extinction of your trait within each
population?
In: Biology
Include all the information below about Blonde hair (Melanesia vs. Europe) : ( its genetic mutation(s), and the evolutionary mechanisms via which your trait came to differ between populations)
What is the trait called colloquially and scientifically?
What are the hallmarks or characteristics? ?
What mutation(s) causes the trait in your population of interest?
Name of allele? Gene? Type of mutation? ?
What are the differences in frequencies of your trait between the two populations, or, which alleles are characteristic of each population? ?
Are there aspects of this trait that could alter the fitness of the population?
Was the trait selected for or against? What about the environment caused this selection? ?
Did migration, bottlenecking, or the founder effect play pivotal roles in the prevalence of your trait? ?
Were there any types of selective breeding that contributed to the difference in frequency between populations. ?
Is there evidence that interactions with other, pre-existing genes, played a role in the emergence or extinction of your trait within each population?
In: Biology
QUESTION 11
A 1X liquidation preference would give the Venture Capital Fund the right to the recovery of 100% of their investment before any distributions are made to other shareholders of the company.
True
False
QUESTION 12
Venture capitalists rely on preferred stock in a company to skew investment returns in their favor relative to the owners of the common stock, gain a disproportionate level of control of key decisions relative to the common shareholders and ensure that their interests are aligned with the founders.
True
False
QUESTION 13
The term sheet between an investors and founder is a legally binding agreement.
True
False
QUESTION 14
The term sheet between a venture capital company and the founders of a venture give control of the company to the venture capitalists.
True
False
QUESTION 15
One thing that entrepreneurs seek to get from a term sheet is sufficient capital to bring the venture to the next business milestone while giving up as little of the company as possible.
True
False
In: Operations Management
Do you believe it is good that there are no trade barriers within the states of the U.S.? Even though wages and cost of production are lower, sometimes much lower, in other states is it good we continue this free trade?
In: Economics