the deposit of instruments, funds or both with a neutral third party to carry out the provisions of an agreement or a contract.

The Collins Company with expense and transactions The job order costing system applies overhead costs to jobs based on material costs.

The following estimates were made at the start of the year:

Manufacturing overhead costs, $200,000, direct material costs, $160,000.

The following transactions occurred during the year. All purchases and services were received on credit:

a. Raw materials purchased, $86,000.

   Debit Raw materials inventory account by $86,000

   Credit Accounts payable account by $86,000

b. Raw materials requisitioned for use in production (all direct materials), $98,000.

   Debit Work in progress account by $98,000Credit

   Raw materials inventory account by $98,000

c. Utility costs incurred in the factory, $15,000.

   Debit Manufacturing overhead account by $15,000Credit Accounts payable account by $15,000

d. Salaries and wages incurred as follows:

  Direct labor, $175,000.

  Indirect labor, $70,000.

  Selling and administrative salaries, $125,000.

  Direct labor salaries expense:

       Debit Work in progress account by $175,000

       Credit Salaries and wages payable account by $175,000

  Indirect labor expense:

       Debit Manufacturing overhead account by $70,000

       Credit Salaries and wages payable account by $70,000

  Selling and administrative salaries expense:

        Debit Selling and administrative expenses account by $125,000

        Credit Salaries and wages payable account by $125,000

e. Maintenance costs incurred in the factory, $15,000.

   Debit Manufacturing overhead account by $15,000

   Credit Accounts payable account by $15,000

f. Advertising costs incurred, $89,000.

  Debit Advertising expenses account by $89,000

  Credit Accounts payable account by $89,000

g. Depreciation recorded for the year, $80,000 (80% relates to factory assets and the remainder relates to selling, general, and administrative assets).

Depreciation expense for factory assets:

    Debit Manufacturing overhead account by $64,000

    Credit Accumulated depreciation account by $64,000

Depreciation expense for selling, general and administrative assets:

    Debit Selling and administrative expenses account by $16,000

    Credit Accumulated depreciation account by $16,000

h. Rental cost incurred on buildings, $70,000, (75% of the space is occupied by the factory, and 25% is occupied by sales and administration).

Factory rental expense:

   Debit Manufacturing overhead account by $52,500

   Credit Accounts payable account by $52,500

Sales and administration rental expense:

    Debit Selling and administrative expenses account by $17,500

    Credit Accounts payable account by $17,500

i. Miscellaneous selling, general, and administrative costs incurred, $11,000.

     Debit Selling and administrative expenses account by $11,000

     Credit Accounts payable account by $11,000

j. Manufacturing overhead cost was applied to jobs as per company policy.

    Debit Work in progress account by $101,900

    Credit Manufacturing overhead account by $101,900

k. Cost of goods manufactured for the year, $500,000.

     Debit Finished goods inventory account by $500,000

     Credit Work in progress account by $500,000

l. Sales for the year totaled $1,000,000.

      These goods cost $600,000 to manufacture.

Debit Accounts receivable account by $1,000,000

Credit Sales revenue account by $1,000,000

Cost of goods sold:

Debit Cost of goods sold account by $600,000

Credit Finished goods inventory account by $600,000.

Learn more about job order costing system from the given link:

https://brainly.com/question/26332605

#SPJ11

Answer:

Explanation:

A $60,000 increase in investment in subsidiary

The work context for financial analysts includes indoors, environmentally controlled, face-to-face discussions, and electronic mail.

Financial analysts are involved in the duties to provide businesses with guidance regarding their fund management, the performance of financial instruments, and financial market assessment.  

According to O*NET, financial analyst performs their activities in indoor premises that have a controlling work environment in terms of work ethics and culture.

Another task of financial analysts is to have face-to-face discussions while meetings or presentations with investors and clients of the business regarding business financial goals and profitability.

Electronic mail is also used by analysts to coordinate with other departments and gather financial information.

Learn more about Financial analysts here:

https://brainly.com/question/8344696

Answer:A,B,F

Explanation:Trust

Answer:

D

Explanation:

The steps that can be taken after the college fair is to continue researching colleges on your own. Therefore, Option D is correct.

Research can be defined as "creative and methodical activity done to improve the body of knowledge."

It entails gathering, organizing, and analyzing data in order to improve understanding of a subject or problem.

Therefore,  The steps that can be taken after the college fair is to continue researching colleges on your own. Option D is correct.

Learn more about Research:

https://brainly.com/question/968894

#SPJ5

The merchandise purchases budget for April, May, and June is $413,900. The cash budget for April, May, and June is -$15,550. The cash budget for the quarter is $31,400.

The purchases budget is a comprehensive plan that details the quantity and cost of products or services to be bought throughout a specified period. For April, May, and June, the budgeted merchandise purchases were $127,000, $142,000, and $144,900, respectively. The total merchandise purchases budget for the quarter is $413,900. During March, $126,700 was spent on inventory purchases, which will be paid for in April and May.On April 1, the starting balance of cash is $51,500, with total receipts and total payments of $190,000 and $201,550, respectively. The total receipts and total payments for May are $150,000 and $150,000, respectively, while the starting balance of cash is $29,450. In June, the starting balance of cash is $28,400, with total receipts and total payments of $173,000 and $195,000, respectively. The cash budget for April, May, and June is -$15,550. The cash budget for the quarter is $31,400.

Know more about purchases budget, here:

https://brainly.com/question/31962232

#SPJ11

Answer:

If you want to You can, if you don't want to work at haunted house then Don't..

I'm not angry UwU

The flying geese model is a term used to describe the process of economic development in East Asia. It suggests that as one country develops and progresses, it pulls its neighbouring countries along with it, much like a flock of migrating geese. The model is based on the idea that a country's success is closely tied to its relationships with neighbouring countries and that cooperation and collaboration between countries can lead to mutual benefits and growth.

The implications of the flying geese model are significant. First, it suggests that economic development is not a zero-sum game and that there can be shared benefits across countries. This has led to increased regional cooperation and integration, as countries seek to work together to achieve common goals.

Second, the model highlights the importance of government policies in driving economic development. Countries that have successfully followed the flying geese model have typically had strong, proactive governments that have implemented policies to promote growth and development.

Finally, the flying geese model has led to increased attention on the role of multinational corporations in economic development. As countries seek to attract investment and promote growth, they have increasingly turned to foreign companies to provide capital and expertise. This has led to both opportunities and challenges, as countries seek to balance the benefits of foreign investment with the need to protect their own interests and ensure that development is sustainable and equitable.

to know  more about the flying geese model here:

brainly.com/question/6123316

#SPJ11

Answer: No they did not at this rate many of the citizens will go bankrupt and the economy will suffer a great lost do to the increase of the unemployment rate

Explanation:

Answer:

Kindly check explanation

Explanation:

The state of a nation's economy is usually evaluatwd based on certain metrics which relating to the well being of its citizens, behavior of its market, finances and resources. Those metrics may include ; level or rate of inflation, employment level, level of economic growth or decline and many others. A healthy economy is one In which economic factors are in a positive state and hence its positive effects is left by the citizens in ways including the increased level of production which economically fights inflation and also helps achieve stability in terms of prices of products and commodities. Reduction in level of unemployment and increased full time jobs. Generally, a healthy nation should experience a robust economic growth and improvement.

yes, no matter what company say, they need money for funding for "social change"

There are five main aspects of personal health: physical, emotional, social, spiritual, and intellectual.

Spiritual strength is that force that drives us to make sacrifices for others, our nation, and the greater good. .

Emotional wellness refers to building an awareness of and accepting one's feelings and moods. It includes finding ways to encourage positive thinking and acceptance of oneself.

Physical wellness includes expanding your knowledge about your lifestyle and how food, good nutrition and physical activity can be an integral part of your lifestyle.

Social wellness entails being cognizant of the impact you and your actions have on your community, the society and nature.

To learn more about Spiritual Wellness visit the link

https://brainly.com/question/18580902

#SPJ4

Rising prices erode the value of money as a medium of exchange and as a store of value.

It is the sustained and broad rise in the prices of goods and services in the economy of a country over time (one year, normally).

When there is an increase in the price level of the economy, the money loses value, lowering our purchasing power, and raising interest rates. Inflation can cause a slowdown in economic growth and recession in some cases.

The people most affected by inflationary processes are low-income families and older people because inflation lowers the values of pensions and wages.

Know more about inflation here:

https://brainly.com/question/21586910

#SPJ4

A mutual fund is a financial investment vehicle that pools money from a large number of investors to buy securities such as stocks, bonds, and other assets. This type of investment provides investors with access to a diversified portfolio of securities, which is managed by a professional fund manager.

A mutual fund is a financial investment vehicle that pools money from a large number of investors to buy securities such as stocks, bonds, and other assets. This type of investment provides investors with access to a diversified portfolio of securities, which is managed by a professional fund manager.
A mutual fund that stands ready to sell new shares to investors and to redeem is called an open-end fund. An open-end fund is a type of mutual fund that can issue an unlimited number of shares to investors and can redeem them as well. This means that the number of outstanding shares can change on a daily basis, based on the demand from investors.
Open-end funds are commonly used by individual investors, as they allow them to invest small amounts of money and provide easy access to a diversified portfolio of securities. In addition, open-end funds provide liquidity to investors, as they can redeem their shares at any time, usually for the net asset value (NAV) of the fund.
One of the advantages of investing in an open-end fund is that it provides diversification, which reduces the risk of loss due to fluctuations in the market. Additionally, open-end funds offer professional management, as they are managed by experienced fund managers who are responsible for investing the money in the fund.
In conclusion, open-end funds are a popular type of mutual fund that provides investors with access to a diversified portfolio of securities. They offer liquidity, diversification, and professional management, which makes them an attractive investment option for individual investors who want to invest in the stock market.

To know more about mutual fund visit:

https://brainly.com/question/13247161

#SPJ11

Mergers and acquisitions (M&A) are two different strategies used by companies to achieve growth and gain competitive advantages.

Mergers refer to the combination of two or more companies to form a single entity, while acquisitions refer to the purchase of one company by another. In a merger, the companies involved typically combine their resources and assets to form a new company. In an acquisition, one company acquires another and may absorb or integrate its operations into its own.

The benefits of M&A include increased market share, economies of scale, and access to new markets or technologies. However, there are also potential drawbacks, including cultural differences, increased debt, and integration challenges. Additionally, M&A can sometimes lead to job losses and disruption for employees.

Thus, M&A can be a powerful tool for companies to achieve growth and strategic goals. However, careful planning and execution are necessary to ensure success and avoid potential pitfalls.

Know more about "strategic goals".

https://brainly.com/question/31920658

#SPJ11

The pricing strategy that calls for a new product being priced high to make optimum profit while there is little competition is called as  Skimming price strategy

Skimming Pricing, also known as price skimming, is a pricing strategy that sets the price of new products higher and lowers them when competitors enter the market. Skimming prices are the opposite of penetration prices, which set lower prices for newly launched products in order to build a large customer base from the beginning.

Skimming pricing strategy refers to setting relatively high initial prices for new products or services for early adopters who are not price sensitive when there is a strong relationship between price and perceived quality. .. Prices can go down over time.

An example of a skimming strategy can be found primarily when major technology companies such as Apple, Samsung, and Sony are developing new technologies that are known to be in high demand.

Learn more about Skimming prices here:https://brainly.com/question/20927491

#SPJ1

A stagflation can turn into a cost-push inflation process when the quantity of money persistently increases. The correct option is D.

Stagflation occurs when there is a combination of stagnant economic growth, high unemployment, and high inflation. When the quantity of money in an economy persistently increases, it leads to higher inflation rates.

This is because an increase in the money supply typically results in increased demand for goods and services, which in turn raises prices. As prices rise, businesses may face increased costs of production, such as higher wages and raw material prices.

In response to these higher costs, businesses may further increase the prices of their products, leading to a cost-push inflation process. This cycle of increasing costs and prices can further exacerbate the economic stagnation and unemployment associated with stagflation. The correct option is D.

To know more about stagflation refer here:

https://brainly.com/question/29617114#

#SPJ11

The correct answer is A) providing an opportunity for customers to verify the balance owed and activity on the account. A monthly statement serves as a control purpose by giving customers a detailed breakdown of their account activity, allowing them to review and reconcile their account balances.

Monthly statement helps identify any errors or discrepancies, allowing customers to take necessary actions to correct them. While options B and C may be included in a monthly statement, the primary control purpose is to provide customers with an accurate and transparent record of their account activity.

A monthly statement is a written record prepared by a financial institution, usually once a month, listing all credit card transactions for an account, including purchases, payments, fees and finance charges.

To learn more about "Monthly statement" visit: https://brainly.com/question/24002203

#SPJ11

Answer:

used as a benchmark for some industry leverage

Explanation:

Standard and Poor's 500, sometimes known as  S&P 500 is an index for stock market which measures the stock performance of five hundred large organizations that is listed in the stock exchanges of the United States. It is founded in the year 1957.

The S&P lists a group of 500 organizations whose daily average share prices are use to calculate the the index a day's security prices. It is used to benchmark the organization.

In perfect competition, the attribute that leads to firms making zero economic profit in the long run is known as "free entry and exit."

This condition implies that there are no barriers to entry or exit in the market, allowing new firms to enter the industry and existing firms to leave if they are not earning economic profits.

In the long run, in a perfectly competitive market, firms will earn enough revenue to cover all their costs, including opportunity costs of production. However, they will not earn any additional profit above and beyond that. If firms were earning positive economic profits in the short run, the entry of new firms into the market will erode those profits until they reach zero in the long run.

This zero economic profit condition in perfect competition serves as a key feature that promotes efficiency in resource allocation. It ensures that firms are producing goods or services at their lowest possible cost, with no excess profit signaling that resources are being used efficiently and in line with consumer demand.

For such more question on economic:

https://brainly.com/question/28210218

#SPJ8

In the context of the relationship between organizational culture and job satisfaction, "organizational culture" can be considered as an influencing factor, while "job satisfaction" can be considered as an outcome.

Organizational culture refers to the shared values, beliefs, norms, and practices that shape the behavior and interactions within an organization. It represents the collective mindset and character of an organization, influencing the attitudes and behaviors of its members. In the context of the relationship between organizational culture and job satisfaction, organizational culture is considered as an influencing factor. The cultural values of an organization, such as fairness, growth opportunities, and reputation, create an environment that can positively impact employees' job satisfaction. When these cultural values align with employees' needs and expectations, it fosters a sense of belonging, motivation, and fulfillment, ultimately leading to higher job satisfaction.

On the other hand, job satisfaction refers to an individual's subjective evaluation of their job and work experience. It reflects the level of contentment, fulfillment, and happiness an employee derives from their work. Job satisfaction is influenced by various factors, including organizational culture. It is considered as an outcome in the sense that it is the result or consequence of multiple factors, such as the organizational culture, work environment, job characteristics, interpersonal relationships, and personal expectations. When employees perceive positive cultural values within the organization, it can contribute to a supportive and satisfying work environment, leading to higher levels of job satisfaction. Conversely, negative organizational traits like aggressiveness can have a detrimental effect on job satisfaction.

Learn more about organizational culture here:

https://brainly.com/question/28503044

#SPJ11

Answer:

Keyboarding and Math :)

Explanation:

Answer:

c. law of demand

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

Demand can be defined as the total amount of goods or services that consumers are willing and able to purchase at a given price.

Law of demand states that quantity of goods or services demanded varies inversely with their price, other things constant or being equal. Thus, the smaller the quantity of goods or services demanded, the higher the price and vice-versa.

According to the law of demand, there exist a negative (inverse) relationship between the quantity of goods demanded and the price of a good i.e when the prices of goods and services in the market increases or rises: there would be a significant decline or fall in the demand for this goods and services.

This ultimately implies that, an increase in the price level of a product usually results in a decrease in the quality of real output demanded along the aggregate demand curve.

Additionally, the law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal.

Two problems with advertising in traditional media are the lack of accountability and ROI measurements and the increasing public concern about environmental impact.

ROI (Return on Investment) is an important metric that businesses use to measure the success of their advertising campaigns.

Traditional media advertising is often unable to provide an accurate and reliable ROI measurement, making it difficult to determine whether or not an ad campaign has been successful.

Additionally, as environmental concerns have grown, traditional media advertising can be seen as a wasteful form of marketing, leading to public backlash and loss of customers.

Furthermore, the production of paper contributes significantly to deforestation, which exacerbates climate change. This problem can also impact a company's image as consumers become more environmentally conscious.

Learn more about Return on Investment here:

https://brainly.com/question/11913993

#SPJ11

Answer:

time management

make best decision

saving the budget

having ideas

never relaxed

Answer: much faster than average

Explanation: Construction managers are the people that are responsible for the coordination and supervision of projects that has to do with construction of building, bridges, road, hospitals etc.

The construction manager is responsible for monitoring finances and ensuring that every firm of hazard is removed from the workplace.

According to O*NET, the projected growth for this career between 2019-2029 would be much faster than average.

Therefore, the correct option is B.

B- Much Faster Than Average

Attached is the O*Net conclusion and my Edge answer. Please read the question carefully to make sure that you are answering the right one, this is for Construction Managers

If all perfectly competitive firms in a product market join together to form a monopoly, the most likely outcome would be that both the rate of output and the quantity of labor input employed will decrease. The answer is B.

This is because monopolies have the power to control the market, set high prices, and limit production.

Therefore, they do not have an incentive to produce as much output or employ as much labor as they did when they were in a competitive market. The decrease in the rate of output will lead to a reduction in the quantity of labor input employed, as the need for production will be less.

Overall, a monopoly is not efficient as it leads to reduced production, increased prices, and a lack of competition.

To know more about monopoly, refer to the link:

https://brainly.com/question/31918762#

#SPJ11

If you invested in the equity tranche of a CDO in 2018 with a 5 year maturity and the 2019 Covid pandemic pushed many households and firms into financial distress, the valuation of your portfolio would likely change.

The equity tranche is the most junior and riskiest tranche of a CDO, which means that it is first to absorb any losses. As such, if there are significant defaults and delinquencies in the underlying collateral, the equity tranche is likely to suffer losses.

In the case of the Covid pandemic, there were widespread financial difficulties that affected many households and businesses, leading to increased defaults and delinquencies. As a result, the valuation of your portfolio could be negatively impacted, as the value of the underlying collateral decreases.

For more about equity:

https://brainly.com/question/31458166

#SPJ11

Answer:

C. Organization

Explanation:

:)

Answer:

Enforceable because the work could be completed within one year.

Explanation:

An enforceable contract is a contract between two parties that is legally binding.

Carr could complete the restoration of the car in 10 months but Able paid Carr $800 to restore Able's antique car within 18 months.

The agreement is enforceable because the work could be completed within one year.

Option d. is correct.