Jurvin Enterprises is a manufacturing company that had no beginning inventoriesA subset of the transactions that recorded a recent month is shown below 75,700 in raw materials were purchased for cash 71.900 in raw materials were used in production Of this amount, $65,100 was for direct materials and the remainder was for Indirect materiais Total labor wages of \$150.500 were incurred and paid Of this amount, 133,000 was for direct labor and the remainder was for indirect labor dAdditional manufacturing overhead costs of 126,200 were incurred and paid e Manufacturing overhead of 122,500 was applied to production using the company's predetermined rate All of the jobs in process at the end of the month were completed All of the completed jobs were shipped to customers Any underapplied or overapplied overhead for the period was closed to Cost of Goods Sold Required: Post the above transactions to T-accounts Determine the adjusted cost of goods sold for the period

Controlling is a management function that aids in obtaining desired results from employees at all organizational levels, including managers and subordinates.

Verifying if everything happens in accordance with the plans adopted, the directions issued, and the principles established constitutes controlling. Controlling makes sure that organizational resources are used effectively and efficiently to accomplish the intended goals.

The managing role identifies deviations, tracks progress toward corporate goals, and suggests necessary corrective action. In order to make the appropriate decisions regarding each, Controlling entails the meticulous gathering of knowledge about a system, process, individual, or group of people.

Managers establish and communicate while performing the management function of controlling. performance criteria for individuals, organizations, and technology

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Yes, the bank should use expansionary monetary policy.

When the economy is in recession and the produces less than its potential GDP, then expansionary fiscal policy is most suitable. The contractionary fiscal policy reduces the aggregate demand by either cutting government expenditure or raising the taxes.

During difficult economic circumstances, the central bank may use the expansionary monetary policy to reduce the unemployment and stimulate growth. It normally does so by decreasing its benchmark federal funds rate, or the interest rate at which banks lend to one another to meet reserve requirements.

Therefore, the answer is yes.

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The principle of management include planning, organizing, staffing, etc.

It should be noted that management means the administration of an organization.

In this case, principle of management include planning, organizing, staffing, etc. Planning has to do with the stores put in place to achieve the goals of the organization.

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Based on the face value of the bonds and the coupon rate, the amount owed to investors by Nowell Company is:

This can be found as:

= (Coupon rate x Face value) / 2 semi annual periods

Solving gives:

= (7.5% x 140,000) / 2

= $5,250

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The adjusting entry to record estimated bad debts expense using the percentage of receivables basis is:

Bad Debt Expense Account dr........             $25,500          

      To Allowance for Doubtful Account                      $25,500

(Being the bad debt expense is recorded)

For recording this, we credit the allowance for doubtful debts, which decreased the value of the assets and debit the bad debt expenditure, which raised the expenses.

Additionally, since there is a credit balance, the account receivable is reduced accordingly.

The amount for bad debt expense Account = $29,600 - $4,100

                                                         = $25,500

Hence, The adjusting entry to record estimated bad debts expense using the percentage of receivables basis is:

Bad Debt Expense Account dr........             $25,500          

      To Allowance for Doubtful Account                      $25,500

(Being the bad debt expense is recorded)

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The adjusting entry is to debit "supplies expense" for $1,200 and a to credit "supplies" for $1,200.

This refers to the journal entry that occurs at the end of a reporting period to record any unrecognized income or expenses for the period.

Hence, in this case, the adjusting entry is to debit "supplies expense" for $1,200 and a to credit "supplies" for $1,200.

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The journal entry to record this invoice is :

Date    Particulars                     Debit $                          Credit$

July 1     Accounts receivables      44100  

       To Service revenue                                                  42000

        To GST Payable                                                     2100

 (To record amount billed to customer)

Magazine access is a document of a commercial enterprise transaction in your commercial enterprise books. In double-entry bookkeeping, you make at least two journal entries for every transaction. because a transaction can create lots of adjustments in a commercial enterprise, a bookkeeper tracks all of them with journal entries.

Magazine access is the act of maintaining or making records of any transactions either financial or non-economic. Transactions are listed in an accounting magazine that indicates a company's debit and credit score balances. The journal entry can encompass numerous recordings, every of that's both a debit or a credit.

An example of a journal entry includes the acquisition of equipment by using us of a wherein the equipment account might be debited, and the cash account may be credited.

Disclaimer: The question is incomplete. Please read below to find the missing content.  

Question: How to record this in the invoice

West College

3880 29 Street NE

CALGARY, ALBERTA, T1Y6B6

TO: Limerick Corp. INVOICE 12-1

2 3880 34 St NW

East Brook, Alberta, July 1, 20XX

Attention: IIene Curan

21 Sessions Scheduled for July $ 42,000.00

G.S.T $ 2,100.00

Due to this invoice $ 44,100.00

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The inference based on the information given about the bidders is that one can't work for more than one bidder.

It should be noted that an inference simply means the conclusion that can be deduced based on the information given.

Here, one can't work. for more than one bidder as there will be a clash of interest and bias.

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Answer:

any investment that holds value.

Explanation:

can be land, equipment, supplies, lawn mowers, cash, etc. Same as other forms of businesses

Bottom up approach is not applicable systematically to all places in all circumstances.

The bottom-up approach can not be carried out systematically to all locations in all situations.The bottom-up technique is being applied when off-the-shelf or existing additives are decided on and incorporated into the product. An example would encompass choosing a selected fastener, which include a bolt, and designing the receiving components such that the fastener will fit nicely.

When selections are being made at multiple degrees, personnel can be running without checking in with one another. Bottom-up processing is a justification for insights that start with an approaching improvement and operating upwards until an define of the thing is fashioned to us. It refers to processing sensory information as it's miles coming in.

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Normalization

Answer:

Or 1 hp =746 watt. Also, One Horsepower equals to 33,000 lb. ft/min. Horsepower formula is: Horsepower = \frac{Torque × speed}{ ...

Horsepower is a popular imperial unit of power of an engine. It is defined as the work done by a person or machine per unit amount of time. This term of Horsepower was invented by James Watt. It is a unit of power that compares the power of a machine to the muscle power of the horse.

In earlier days it was used to measure steam engine power output compared to the power of draft horses. But later on, its usage was expanded to different types of piston engines, electric motors, turbines, and other machinery.

Horsepower Formula

The formula for Horsepower calculation:

First, we will see some equations to help in calculating the horsepower:

Power = worktime

For the electric motors, we can calculate the power or horsepower from the torque and speed. For example, if we have a motor with 3,000 rpm and 6 in-lbf then the horsepower can be calculated below.

Horsepower = 300×663025

i.e. horsepower = 0.286

Here, 63025 is a constant when using rpm for speed and in-lbf for torque units. 5252 is another common constant if the speed is in rpm and torque is in ft-lbf. If the units are different then first we have to make the unit conversion.

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The derivation of these constants is as follows:

33,000 ft-lbf /min = 1 horsepower.

Though horsepower units is a derivative of the 33,000 ft-lbf / min, it is not critical to understanding how to calculate motor horsepower for speed and torque.

Another common but popular unit of power that motors are rated in is watts. The conversion from watts to horsepower is:

745.7 watts = 1 horsepower

Or 1 hp =746 watt.

Also, One Horsepower equals to 33,000 lb. ft/min.

Horsepower formula is:

Horsepower = Torque×speed5252

With another computation,

Horsepower = weight × velocity(234)2

Solved Examples on Horsepower Formula

Q.1: Determine the horsepower of a vehicle which moves with a speed of 500 revolutions per minute and has a torque of 100 pound-foot.

Solution:

Given parameters in the problem are:

Torque = 100 pound foot

Speed = 500 revolutions per minute

Now we may apply the Horsepower formula as below:

Horsepower = Torque×Speed5252

Substituting the known values, we get

Horsepower = 100×5005252

= 500005252

Horsepower = 9.52 HP

Therefore the horsepower of the engine of the vehicle will be 9.52 HP.

A. The amount of the adjusting entry for uncollectible accounts is $1,775.

B. The adjusted balances of the Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense are:

Accounts Receivable: $4,535,000

Allowance for Doubtful Accounts: $9,275

Bad Debt Expense: $1,775

C. The net realizable value of the accounts receivable is $4,525,725.

The net realizable value of accounts receivable is the estimated collections that can be recovered from credit customers.

It is the difference between the total credit sales and the allowance for doubtful accounts.

Ending balances:

Accounts Receivable  $825,000 DR

Allowance for Doubtful Accounts $7,500 CR

Sales = $3,710,000

Estimated bad debt expense = 0.0025 (1/4 of 1%) of sales

= $9,275 ($3,710,000 x 0.0025)

A. The amount of the adjusting entry for uncollectible accounts is $1,775 ($9,275 - $7,500).

B. The adjusted balances of the Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense are:

Accounts Receivable: $4,535,000 ($825,000 + $3,710,000)

Allowance for Doubtful Accounts: $9,275

Bad Debt Expense: $1,775

C. The net realizable value of the accounts receivable is $4,525,725 ($4,535,000 - $9,275).

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A traveler needs to show a form of government identification only when upon returning from an international trip.

US ID cards are usually local state-issued driver's licenses or ID cards, but social security cards (or just social security numbers) and US passport cards also serve as national ID cards.

A valid government-issued ID must include a photo, current address, signature, and a unique number or barcode associated with the individual (driver's license, passport number, etc.). ID) When submitting Form DS-11 in the following cases: 18 years or older. parent or legal guardian

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The purpose of a WMS is to help provide that goods and materials move through warehouses in the most efficient and cost-effective way. A WMS handles many processes that enable these movements, including inventory tracking, picking, receiving and putaway

The real-time information provides accurate, current information to managers, warehouse workers, and operations personnel – all at the identical time – for better decision-making. Besides real-time information, WMS releases the guesswork of where the event is found.

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In the above case, a skill acquisition will be the aim of the program.

The purpose of skill acquisition is so that student can be able to learn one or more trade so that they can earn a living after school

The benefit of acquiring a skill  is that one will be equipped with a lot of good resources and also the skill of  financial management, one will have improved strategic planning and others.

What competencies will skill acquisition need?

It just need your presence, one's talents and expertise that has been obtained via education or or life experience.

Output based on work done, practical work and result.

Who will be trained - student.

The estimated class size- 50 - 100

How many classes will there be and how long will this training last - 20 class and it will last 2 month.

knowledge and skill prerequisites -Ability to read and understand and also just come and you will be taught.

The type of program that is being proposed - skill and handwork training.

What media, if any will be used in the training - visual, media and communication tools will be used·

What will happen if we do not deliver the training - giving of certificates and graduation.

What are the restrictions or limitations for delivering a program - financial restriction.

What other methods may be used to reach the goal - use of the mass media for dissemination of information concerning the program. Its advantage is that it will benefit all and the disadvantage is financial constrain.

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The two most basic inventory questions answered by the typical inventory model are the timing of orders and order quantity

What is the timing of orders and order quantity?

The time elapsed between the start of a stock replenishment activity and the submission of a requisition or order. The amount of time that passes between the submission of a requisition or order and the shipment of material by the supplying activity is known as timing of orders.

Economic Order Quantity, also known as Economic Purchase Quantity, is the order quantity in inventory management that minimizes overall holding costs and ordering expenses. It is one of the most ancient traditional production scheduling models.

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Answer:

Authority of a manager is the right way of commanding subordinates, issuing orders, and getting the team to comply with them. Further, it is the right of the manager to make decisions and to act or refrain from acting based on his perception of the organization's objectives

Explanation:

This is an example of Micromarketing.

As the name suggests, micromarketing is marketing on a small scale. It is a form of target marketing as well. That means you deliberately develop material that will speak to your targeted client niche rather than putting out advertisements and content with the intention of appealing to everyone. Micromarketing is far more specialized than standard marketing, and its straightforward definition is "targeted marketing to a niche or particular group."

Therefore, Lands’ end allows customers buying shirts to choose from a variety of fabrics and types of collar and sleeves based on the customer’s specific measurements, capitalizing on new technologies to mass customize its products and services, which is an example of Micro-Marketing.

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Answer:

COGS= Revenue- Gross profit

Explanation:

exactly speaking, operating profit refers to the net profit and COGS=sales revenue - gross profit. so try to find the data of gross profit instead of operating profit (net profit)

If you don't have data of gross profit, you can attempt this equation:

gross profit = operating profit (net profit) + operating expense + (depreciation and amortization)

Price is important to managers because it has a substantial effect on a company's profitability and sustainability.

The importance of pricing is traced to the fact that defines the value or worth of a product and the number of customers that demand the product.

For the consumer of products, price is a key factor that determines purchase decisions.

Thus, price is important to managers because it has a substantial effect on a company's profitability and sustainability.

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Why is price important to managers?

The journal entry for declaring a $9,000 dividend to be paid in the coming month is:

Date                   Account Title                                      Debit          Credit

XX-XX-XXXX    Retained earnings                           $9,000

                          Dividends Payable                                               $9,000

The Retained earnings account will be debited to show that the account is decreasing. This is because dividends are taken from the retained earnings of a company.

The dividends payable account will be credited with $9,000 to show that the company now owes its shareholders $9,000. This will then be debited next month to show payment.

In conclusion, retained earnings are debited, and dividends payable are credited.

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A free enterprise system allows the supply and demand of consumers to determine the success or failure of an economic endeavor.

It should be noted that a free enterprise simply means the freedom of individuals and businesses to regulation.

Here, free enterprise system provides individuals the opportunity to make their own economic decisions without restrictions.

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Answer:

C.

Explanation:

free enterprise system

The federal budget is the difference between the income of the government and its expenditure as illustrated in the GDP.

The income of the government is tax revenue and when expenditure is more than the income, the budget is said to be in deficit. Potential GDP is the maximum GDP that an economy is able to produce with the given level of resources in the long run. In times of recession, the actual GDP is less than the potential GDP, which means the output produced is less than the capability of the economy.

Inn such periods, GDP is low, unemployment is very high and aggregate demand is also very low. When the economy is in recession, the income of the people falls and thus, the tax they pay out of their incomes also falls. Therefore, the tax receipts fall due to a fall in income.

On the other hand, in recessions, the government uses expansionary fiscal policy which directly injects money by either increasing government spending or reducing the tax rate. Therefore, when the tax rate falls, the tax revenue or tax receipts fall. The government spends money on the public to increase social welfare.

The budget of the government is the difference between tax receipts and transfer payments. When the tax receipts fall and transfer payments rise. Thus, the budget of the government falls and the federal budget is said to be in deficit.

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The Federal Reserve implements monetary policy primarily by influencing the federal funds rate. This is the interest rate that financial institutions charge each other to borrow reserves in the money markets overnight. The Fed's monetary policy measures described below, affect the level of federal funds rates.

When a central bank like the Fed changes interest rates, it affects the economy as a whole and affects both the stock and bond markets in many ways. Lower interest rates make borrowing money cheaper. This can drive consumer and corporate spending and investment and boost asset prices.

The goals of monetary policy are maximum employment, stable prices, and moderate long-term interest rates. By implementing effective monetary policy, the Fed can maintain stable prices, thereby supporting long-term economic growth and maximum employment conditions.

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ShopRite impacts the environment by reducing harm to the environment and creating job in the recycling sector.

It should be noted that an environment simply means the surrounding where an organism lives.

At ShopRite, plastics wastes that are generated are recycled into carrier bags. This helps in reducing harm to the environment.

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The journal entry to replenish the petty cash account is credit to Cash for $266.

The amount that needs to be replenished is:

= Petty cash fund - cash

= 298 - 32

= $266

This amount needs to be taken from the cash account which is why the cash account will be credited with $266.

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I will use the "8-Step process to critical thinking" in my personal and professional life in many ways.

The "8-Step process to critical thinking" includes the following categories:

The 8-step process involves a process of identifying, observing, describing, questioning, researching, establishing, responding, and sharing knowledge to achieve life improvements.

In my personal and professional life, I need to seek knowledge, information, and understanding to enhance the application of concepts and innovations to living and work.

After acquiring the required information, I will carry out a critical analysis and synthesis before taking action.  Results obtained from my actions must be reflected upon to provide guidance for future activities.

Thus, the "8-Step process to critical thinking" will remain useful in my personal and professional life.

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Answer: Dr: increase in provision for bad debts of 16630

Cr: P & L a/c 16630

Explanation:

finally reduce the figure for a/c receivables by 21330