During 2017, Kew Company, a service organization, had $200,000 in cash sales and $3,000,000 in credit sales. The accounts receiv

Response:

Overall cost= $753.75

Details:

Given the following details:

The established overhead rates:

Assembly= $13 per direct labor-hour

Testing & Packaging= $9.00 per direct labor-hour.

The direct labor wage rate for the company is $16.00 per hour.

For Job N-60:

Assembly;

DM= 340

DL=180

Testing & Packaging:

DM= 25

DL= 40

To determine the applied overhead for each section, we first need to find the direct labor hours:

Assembly= 180/16= 11.25 hours

Testing= 40/16= 2.5 hours

Now, we can distribute the overhead:

Assembly= 11.25 hours*13= $146.25

Testing= 2.5 hours*9= $22.5

Overall cost= DM + DL + Allocated overhead

Overall cost= (340 + 25) + (180 + 40) + (146.25 + 22.5)= $753.75

Answer:

The accurate amount is:

$40,000

Explanation:

According to IRC Section 1250, any excess depreciation beyond straight-line depreciation must be recaptured as ordinary income. Given that the property has been sold for more than the adjusted basis ($300,000 − $40,000 = $260,000 adjusted basis), the primary gains are recaptured based on the original purchase amount of $300,000.

This results in the first $40,000 of profit being classified as unrecaptured Section 1250 gain, while the remaining $20,000 falls under regular long-term capital gains.

Answer:

Financial manager.

Explanation:

The role of financial managers involves maintaining the financial stability of an organization. They are responsible for creating financial statements, overseeing investment strategies, and formulating plans alongside data evaluations aimed at achieving the organization’s long-term financial objectives. Keisha Hunter manages everyday financial data to ensure her employer has sufficient funds for operations and assesses the necessity and timing for opening a second distribution location.

The responses are as follows: a. Cash increases by $40,000 when receiving payments from customers on credit, leading to a decrease in accounts receivable. b. A wage expense of $56,000 results in lower assets and equity. c. Paying suppliers $67,000 decreases liabilities and assets. d. When customers are billed $90,000 for services rendered, both assets and equity go up. e. Purchasing equipment for $35,000 on credit increases an asset and a liability.

Answer:

A poor user experience of a product leads to negative outcomes.

Naturally, a discerning user would likely choose to leave.

Explanation:

Low-quality products discourage customers from utilizing the service provided by the organization. Furthermore, persistent issues with a poor offering can severely tarnish the company's reputation. Such products can even force a business to close down. Additional efforts by the company won't offset the damage from a poor product, and even their better offerings will suffer in sales due to the negative impact created by the unsatisfactory product. Consequently, it is crucial for products and services to consistently reflect high quality.