1. The conversion cycle comprises two major subsystems: Blank 1 and Blank 2 systems.
2. a Ledger is a book of Blank 1 that reflects the financial effects of the firm transactions.

To find out the ending inventory assuming weighted-average cost, the following steps should be taken: Find out the weighted average cost per unit. Therefore, the correct option is c. $562.

Use the formula to calculate the weighted average cost per unit: Weighted average cost per unit = Cost of goods available for sale / Units available for sale

= ($520 × $2.38) + ($320 × $2.73) / (520 + 320)

= $1,237.6 / 840

= $1.4725, rounded to 4 decimal places.

Determine the cost of ending inventory:Cost of Ending Inventory = Units in ending inventory × Weighted average cost per unit= (520 + 320 - 620) × $1.4725= 220 × $1.4725= $323.95, rounded to the nearest dollar. The correct option is c. $562.

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You would need to deposit approximately $19,543.07 today in the account to accumulate $40,000 in 10 years with semi annual compounding of interest.

PV = FV / (1 + r/n)[tex]^{n*t}[/tex]

PV = Present Value (amount to be deposited today)

FV = Future Value (desired accumulation)

r = Quoted annual interest rate (in decimal form)

n = Number of compounding periods per year

t = Number of years

desired accumulation (FV) = $40,000

quoted annual interest rate (r) = 7.5% or 0.075

compounding semi-annual (n = 2)

time period (t) = 10 years

PV = $40,000 / (1 + 0.075/2)²*¹⁰

PV = $40,000 / (1 + 0.0375)²⁰

PV = $40,000 / (1.0375)²⁰

PV ≈ $19,543.07

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Option c) 80% is the correct answer. According to Wu, 2013, around 80% of business analytics is descriptive. The primary purpose of descriptive analytics is to provide a summary of historical data to get insights and learn from the past.

According to Wu, 2013, around 80% of business analytics is descriptive. The primary purpose of descriptive analytics is to provide a summary of historical data to get insights and learn from the past. It is concerned with providing answers to the questions what happened, where it happened, and when it happened.

Descriptive Analytics: It provides a summary of historical data to get insights and learn from the past. It deals with providing answers to the questions what happened, where it happened, and when it happened. This data is then utilized by the company to get insights into how they can improve their current strategies.

Predictive Analytics: It helps in predicting future trends by analyzing historical data and patterns. Companies can use predictive analytics to forecast what might happen in the future. This allows them to take preventive measures to avoid negative outcomes.

Prescriptive Analytics: It helps in determining the best course of action to take in a given scenario. It analyzes data from multiple sources and provides recommendations on the best way forward based on the available information.

Business analytics comprises three types of analytics: Descriptive Analytics, Predictive Analytics, and Prescriptive Analytics. Out of these three, descriptive analytics accounts for the majority of business analytics, i.e., around 80%.

Therefore, option c) 80% is the correct answer.

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The Federal Reserve, often known as the Fed, has direct control over the monetary base of the money supply.

This implies that they have complete control over the number of physical dollars in circulation, with all other types of money in the economy, including bank deposits, being produced as a result of fractional reserve banking practices. The Fed controls the monetary base through its control over the money supply and its authority to buy and sell government securities in open-market operations. The monetary base is frequently referred to as M0, and it consists of all the physical currency and coins in circulation, as well as the money that the Federal Reserve keeps in reserve at its member banks. The Fed alters the monetary base through open-market operations, which involve purchasing or selling government securities on the open market to increase or decrease the supply of money in the economy, respectively.

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Job order costing is a system of costing that accumulates the costs of manufacturing and produces products or services that are distinct and separate. It includes tracing direct materials, direct labor, and manufacturing overheads to individual jobs.

The Hamilton Company is using job order costing, and they apply manufacturing overheads using a predetermined rate of 150% of direct labor cost. Any over or under applied manufacturing overhead is closed by the following steps

Step 1: Record the Manufacturing Overhead Applied The predetermined rate is used to apply the overheads to the production cost. This overhead is accumulated in a manufacturing overhead account. The manufacturing overhead account is a temporary account, and the balance is either a debit or credit balance. If the balance is debit, it represents under applied overhead, while if it is credit, it represents over applied overhead.

Step 2: Calculate the Under applied or Over applied Overhead Over applied overheads occur when the actual overhead costs are less than the applied overhead costs. In contrast, under applied overheads occur when actual overheads are more than the applied overhead costs. The balance on the manufacturing overhead account indicates the amount of under applied or over applied overheads.

Step 3: Close the Balance to the Cost of Goods Sold Account The balance on the manufacturing overhead account represents either under applied or over-applied overhead. The balance should be closed at the end of the period to the cost of goods sold account. The following journal entry is used to transfer the balance from the manufacturing overhead account to the cost of goods sold account.If there is under applied overhead:Debit Cost of Goods Sold Account Credit Manufacturing Overhead Account If there is over applied overhead:Debit Manufacturing Overhead Account Credit Cost of Goods Sold Account.

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Niles and Marsha can take an adoption credit of $14,700 in 2021.

In 2021, Niles and Marsha can claim an adoption credit of $14,700. The adoption credit is calculated based on the adoption-related expenses paid by the taxpayers, which in this case is $18,500. However, since Marsha received $3,800 of employer-provided adoption benefits, this amount needs to be subtracted from the total adoption expenses.

Therefore, the eligible adoption expenses for the adoption credit calculation are $18,500 - $3,800 = $14,700. This is the amount of adoption credit that Niles and Marsha can claim on their 2021 tax return.

The adoption credit is a non-refundable tax credit that helps offset the costs associated with adopting a child. It is subject to certain limitations, such as modified adjusted gross income (AGI) and the amount of tax liability. However, for part (a) of the question, we assume that there are no limitations based on modified AGI or tax liability.

It's important to note that tax credits directly reduce the amount of tax owed, so claiming the adoption credit can have a significant impact on Niles and Marsha's tax liability for the year. They should consult with a tax professional or refer to the official IRS guidelines for further details on claiming the adoption credit.

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the correct statement is: "Personal umbrella liability insurance never provides personal injury coverage for acts such as defamation of character."

The other three statements are correct:

The personal umbrella policy is designed primarily to provide liability coverage for catastrophic legal claims or judgments. A personal umbrella policy offers additional liability coverage beyond the limits of underlying insurance policies, such as homeowner's or auto insurance, to protect against large financial losses resulting from lawsuits.

The personal umbrella policy requires the policy owner to carry certain underlying liability coverages of specified minimum amounts on both the homeowner's policy and the Personal Auto Policy (PAP). This requirement ensures that there is a base level of coverage in place before the umbrella policy comes into effect.

A claim made under an umbrella policy will pay only after the limits of the relevant underlying policy are exhausted. In other words, the umbrella policy kicks in when the coverage limits of the primary policies (such as homeowners' or auto insurance) have been reached.

Therefore, the correct statement is: "Personal umbrella liability insurance never provides personal injury coverage for acts such as defamation of character."

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The Institute of Management Accountants (IMA) has established four ethical standards in their Statement of Ethical Professional Practice. These standards are as follows:

1. Competence: This standard requires management accountants to maintain a level of expertise and knowledge that allows them to provide quality professional services. Competence also involves keeping up with changes in the industry and maintaining an understanding of new developments.

2. Confidentiality: Management accountants have a responsibility to maintain the confidentiality of information obtained during the course of their work. This includes protecting sensitive information from unauthorized access or disclosure.

3. Integrity: A high level of ethical integrity is required. Management accountants must be honest, fair, and transparent in their dealings. They must avoid any conflicts of interest and disclose any potential conflicts as soon as they become aware of them.

4. Objectivity: Management accountants must approach their work with impartiality and avoid any bias or prejudice. They must provide accurate and truthful information without being influenced by personal or external factors.

Each of these ethical standards impacts planning, directing, and controlling in different ways.

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According to the long-run monetary model of the price level as long as prices are flexible, a change in the supply of money or the demand for money will result in a change in the price level to restore equilibrium. The correct option is c.

The long-run monetary model of the price level predicts that shifts in the money supply or demand will have an immediate effect on the price level over time. There will be an excess supply of money in the economy if either the supply of money rises or the demand for it falls.

The price level will rise over time as a result of this extra money's upward pressure on prices, until equilibrium is once again achieved. Similar to the previous example if the supply of money falls or the demand for it rises there will be an excess demand for it which will drive down prices until equilibrium is reached. The correct option is c.

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Hence to replicate the option's payoff, we should purchase a risk-free bond for $1.25/€ and invest in a stock denominated in euros, which has the same payoff as the option, using a small amount of cash.

A portfolio that replicates the payoff on a one-month euro call option that allows us to buy stocks for a strike price of $1.25/€ is developed by taking a long position in the euro, borrowing in dollars, and investing in a stock denominated in euros. A portfolio that replicates the payoff of the option is developed by purchasing a risk-free bond for $1.25/€ and investing in a stock denominated in euros, which has the same payoff as the option, using a small amount of cash .Assuming a current spot rate of $1.25/€, and assuming that one month from now the spot rate will be either $1.30/€ or $1.20/€, we need to build two portfolios: one that replicates the payoff on a one-month euro call option that allows us to buy stocks for a strike price of $1.25/€, and another that replicates the payoff of the option. To replicate the payoff on a one-month euro call option that allows us to buy stocks for a strike price of $1.25/€, we should take a long position in the euro, borrow in dollars, and invest in a stock denominated in euros.

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The Toyota Research Institute (TRI) aims to innovate in the fields of robotics and autonomous driving. TRI has locations in three areas since there are too many potential candidates for just one location only and candidates prefer to remain in their current location closer to their research universities. The correct option is A)

Moreover, they are not constrained by local government constraints, and young professionals enjoy switching jobs and moving locations frequently.

TRI's initiatives in robotics and autonomous driving are critical to the growth of the automotive industry. They are looking to broaden their knowledge to develop better software and hardware to enhance the cars' driving experiences. They also aim to expand their technology to enhance robotics in areas like artificial intelligence, machine learning, and data science.

Multiple choice candidates prefer to stay in their current locations closer to their universities. This is due to the many benefits that come with their current location, such as quality education, a supportive network, and access to facilities like libraries. Additionally, they are not subject to local government constraints that may limit their opportunities or innovation.

The number of potential candidates is another reason why TRI has multiple locations. With three locations, TRI can recruit from different regions, ensuring that they have a wide range of talent to choose from. This increases the chances of recruiting the best talent and improving the company's growth.

Finally, young professionals frequently switch jobs and relocate, seeking opportunities for career growth, learning, and new experiences. TRI recognizes this and provides young professionals with opportunities for growth, learning, and mentorship. The organization also provides flexible work arrangements that allow employees to work remotely or move between offices.

Therefore, The correct option is A)

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complete question

Toyota Research Institute (TRI) wants to innovate in areas such as robotics and autonomous driving. They have locations in three locations because Multiple Choice coveted

A) candidates prefer to stay in their current location closer to their research universities.

B) they are not tied down by local government constraints.

C)there are too many potential candidates for one location only.

D) young professionals like to switch jobs and move locations frequently.

1. Taza Chocolate uses three main distribution channels, namely direct-to-consumer, wholesale, and retail. These channels contribute to the company's overall marketing efforts by allowing them to reach a wider customer base and diversify their revenue streams.

2. Taza Chocolate's approach to pricing its products differently based on the channel used for distribution makes good managerial sense. This is because different channels have different costs associated with them, such as marketing and distribution costs.

3. The concept of integrated marketing channels applies to Taza Chocolate's product distribution system in several ways. Firstly, the company's multi-channel distribution system allows them to create a seamless customer experience across all channels.

Direct-to-consumer allows the company to have a direct relationship with its customers, which facilitates personalization and greater control over brand messaging and customer experience. Wholesale, on the other hand, allows Taza Chocolate to reach a wider audience by partnering with third-party retailers. Finally, retail channels like their factory store and cafes allow the company to create a unique brand experience for customers.

By pricing their products differently based on these costs, Taza Chocolate can ensure profitability across all distribution channels while remaining competitive in each market. This approach also helps to avoid price wars between different channels, which can erode brand value.3. The concept of integrated marketing channels applies to Taza Chocolate's product distribution system in several ways.

Firstly, the company's multi-channel distribution system allows them to create a seamless customer experience across all channels. For example, customers can order online and pick up at a retail store or purchase a product at a wholesale partner and then purchase additional products online. Secondly, Taza Chocolate's integrated marketing channels allow them to leverage different channels to cross-promote their products and reach a wider audience.

For example, their direct-to-consumer channel allows them to promote new products and exclusive deals to their email list, while their wholesale partners can promote Taza Chocolate products in their own marketing materials.

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The predetermined overhead rate for the year is 140%, the calculation of the total cost of Job 13-56 cannot be determined.

1. Predetermined overhead rate for the year:Predetermined overhead rate is calculated before the job begins, based on the estimated total cost and the expected number of units of the allocation base.

In this case, the predetermined overhead rate for the year is calculated by dividing the estimated overhead cost for the year by the estimated direct labor cost for the year.Predetermined overhead rate for the year = Estimated overhead cost for the year / Estimated direct labor cost for the year

Predetermined overhead rate for the year = $798,000 / $570,000 = 1.4 or 140%Therefore, the predetermined overhead rate for the year is 140%.

2. Total cost of Job 13-56:Job cost sheet has not been provided. Therefore, the calculation of the total cost of Job 13-56 cannot be determined.

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Small stocks had the largest fluctuations overall return over the past eighty years. Option A is the correct answer.

The majority of companies on the market are represented by small-cap stocks. In reality, there are more small-cap stocks than there are large- and mid-cap firms. Option A is the correct answer.

Small-cap companies can be the next big thing that all parties ought to be talking regarding, as well as those that are close to going off of industry or that would be great candidates for acquisition. That's because the phrase "small-cap stock" encompasses a fairly broad spectrum of market capitalizations: Anything with a price between $300,000,000 and $2 billion qualifies.

As a result, the volatility of small-cap stocks might be higher than normal, which is a different term for sudden gains and losses. Investors who can withstand the ups and downs along the way could reap the benefits over a lengthy period of time.

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Scheduling the activities is not a relevant activity of project planning. Option A is the correct answer.

The execution and control phases of a project are laid out in a set of formal papers called a project plan. The plan addresses scope, cost, and schedule baselines in addition to risk management, resource management, and communication issues. Option A is the correct answer.

To make sure their plans are comprehensive and reliable, project managers employ project planning software. The success of your project depends on your project plan. If you don't have one, your project might be vulnerable to classic project management problems including missed deadlines, scope creep, and cost overrun. Although creating a project plan initially requires some work, the investment will pay off throughout the course of the project.

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The following details: Sales per period = 1000 units. Selling price = $35 per unit variable production cost = $15 per unit selling expenses = $5000 + 5% of the selling price. Administrative expenses = $3000 + 10% of the selling price. Option (a) 57% is the correct answer.

We need to find out the contribution margin ratio of Kerensky Corporation.

The contribution Margin is calculated as follows: Contribution Margin = Selling Price per unit - Variable Cost per unit know the selling price per unit is $35 and the variable cost per unit is $15. Therefore, Contribution Margin per unit = $35 - $15 = $20Contribution Margin Ratio = (Contribution Margin / Selling Price) × 100%

Let's now calculate the Contribution Margin Ratio: Contribution Margin Ratio = (20 / 35) × 100%Contribution Margin Ratio = 57.14% (approx)

Hence, the closest Contribution Margin Ratio to the options provided is 57%.

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13.495 (rounded to three decimal places) is the final answer.

Given:

Mexican treasury yield, i.e., the return on investment = 9%
USA investment yield, i.e., the return on investment = 5%
The spot exchange rate, i.e., the current exchange rate is 13.000 pesos per USDWe need to find the expected forward exchange rate in pesos per USD.

A forward exchange rate is the exchange rate at which a party is willing to enter into a contract for the future exchange of currencies.

To find the expected forward exchange rate, we use the following formula: Forward exchange rate = (1 + foreign interest rate) / (1 + domestic interest rate) × spot exchange rateIn this case, we need to find the expected forward exchange rate in pesos per USD. So, the domestic currency is the USD, and the foreign currency is the peso. Therefore, using the formula above, we can say: Forward exchange rate in pesos per USD = (1 + 0.09) / (1 + 0.05) × 13.000= 1.09 / 1.05 × 13.000= 13.5248 ≈ 13.495 (rounded to three decimal places)Hence, the expected forward exchange rate in pesos per USD is approximately 13.495.

Answer: 13.495 (rounded to three decimal places)

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The profitability index for the project with the given cash flows and a required return of 8.7% is 0.6222. It indicates that the project's present value of cash inflows is approximately 62.22% of the initial investment, suggesting a potential positive return on investment.

To calculate the profitability index for the project, we need to divide the present value of the cash inflows by the initial investment.

First, we need to calculate the present value of the cash inflows. We discount each cash flow using the required return of 8.7%:

PV(Year 1) = $147,400 / (1 + 0.087)¹ = $135,590.15

PV(Year 2) = $164,900 / (1 + 0.087)² = $138,447.14

PV(Year 3) = $130,000 / (1 + 0.087)³ = $107,726.09

Next, we calculate the initial investment (Year 0) as a negative cash flow:

PV(Year 0) = -$243,000

Now, we can calculate the profitability index

Profitability Index = (PV of Cash Inflows) / (Initial Investment)

Profitability Index = ($135,590.15 + $138,447.14 + $107,726.09) / (-$243,000)

The profitability index for this project is 0.6222 (rounded to four decimal places).

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Fraud can occur in privately held firms, just like in publicly traded companies. While the focus and scrutiny on fraud often revolve around publicly traded companies due to their larger visibility and regulatory requirements, privately held firms are not immune to fraudulent activities.

There are several factors that can contribute to fraud in privately held firms:

It is important to note that fraud is not limited to any specific type of organization or sector. Whether a company is publicly traded or privately held, fraud can occur due to various factors such as inadequate internal controls, management override, collusion, or individual employee misconduct.

To mitigate the risk of fraud, privately held firms should implement strong internal controls, segregate duties, conduct regular internal audits, promote a culture of ethics and integrity, and provide fraud awareness and prevention training to employees. Additionally, seeking external expertise through independent audits or consulting services can help identify and address potential fraud risks.

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The first (operating) section of the statement of cash flows shows a net cash inflow of $211,500, while the second (investing) section shows a net cash outflow of $13,500 for the year ended December 31, 2021.

To prepare the first (operating) and the second (investing) sections of the statement of cash flows for the year ended December 31, 2021, we need to analyze the changes in the balance sheet accounts and consider the provided information.

First (Operating) Section:

To calculate the operating cash flows, we need to focus on the changes in current assets and liabilities. We exclude non-current assets and long-term liabilities.

Starting with the net income of $130,500, we make the following adjustments:

Add back non-cash expenses:

Depreciation expense of $18,000.

Adjust changes in working capital:

Increase in notes receivable: $9,000 ([$72,000 - $63,000])

Decrease in supplies & inventory: $40,500 ([$81,000 - $121,500])

Decrease in prepaid expenses: $22,500 ([$31,500 - $54,000])

Increase in accounts payable: $45,000 ([$76,500 - $31,500])

Adjust for the loss on sale of long-term investment:

Add back the loss of $9,000.

The total operating cash flows can be calculated as follows:

Net income + Depreciation expense + Changes in working capital + Loss on sale of long-term investment:

$130,500 + $18,000 + $9,000 + $40,500 - $22,500 + $45,000 - $9,000 = $211,500.

Second (Investing) Section:

In the investing section, we consider the changes in long-term assets.

Proceeds from the sale of long-term investments: $9,000.

Cash used for the purchase of new machines and tools: $22,500.

The total investing cash flows can be calculated as follows:

Proceeds from the sale of long-term investments - Cash used for the purchase of new machines and tools:

$9,000 - $22,500 = -$13,500.

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The source of gains on real property is generally determined by where the real property is located  statements is correct.

Land and single-family dwellings are frequently valued using the sales comparison method. It is an estimate of value created by comparing a property to recently sold properties with comparable attributes, and is also known as the "market data approach."

All land and any tangible personal goods that is physically attached to it are considered real property, as is any section of land that has experienced legitimate human intervention. Real property includes ponds, structures, structures with reservoirs, canals, highways, and equipment. Property is valued based on the estimated future benefits it will give.

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Subgame perfection is a refinement of Nash Equilibrium that requires credibility/rationality at every point/path in the game, regardless of whether those points/paths are actually part of the Nash equilibrium.

Subgame perfection is a refinement of the Nash Equilibrium that requires that all players' strategies should be optimal from that particular subgame, given the strategies they've chosen in the other subgames. This, in essence, is the credibility and rationality of all players at every point/path in the game, regardless of whether or not those points/paths are actually part of the Nash equilibrium. If an individual game, which is a subgame of the overall game, satisfies subgame perfection, it is known as a subgame-perfect equilibrium.

In other words, subgame-perfect equilibrium is a refinement of Nash equilibrium in which players choose a strategy that is optimal for all subgames, including those that do not involve reaching Nash equilibrium. This requires rationality and credibility of the players at every stage of the game, regardless of whether or not the Nash equilibrium is reached at those stages.

Therefore, option (b) is the correct answer to the question.

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To determine the answers, we need to analyze the provided information and perform calculations based on the given data.

a. Indirect Material Requisitioned:

Indirect material requisitioned can be calculated by subtracting the change in materials inventory from the credits to the materials inventory account.

Change in Materials Inventory = (Feb. 1 balance + February credits) - February debits

Indirect Material Requisitioned = Change in Materials Inventory - Direct Material

= [(63,000 + 226,000) - 208,000] - 190,000

b. Indirect Labor Cost Incurred:

The indirect labor cost incurred can be obtained by subtracting the change in wages payable from the wages payable debits.

Change in Wages Payable = (Feb. 1 balance + February debits) - February credits

Indirect Labor Cost Incurred = Change in Wages Payable - Direct Labor

= [(90,000 + 387,000) - 354,000] - 303,000

c. Manufacturing Overhead Rate:

The manufacturing overhead rate can be calculated by dividing the manufacturing overhead debits by the direct labor cost.

Manufacturing Overhead Rate = Manufacturing Overhead debits / Direct Labor

= 274,400 / 303,000

d. Manufacturing Overhead Applied:

Manufacturing Overhead Applied can be calculated by multiplying the direct labor cost by the manufacturing overhead rate.

Manufacturing Overhead Applied = Direct Labor * Manufacturing Overhead Rate

= 303,000 * (Manufacturing Overhead Rate from part c)

To determine if manufacturing overhead was over-applied or under-applied, we need to compare the Manufacturing Overhead Applied with the Manufacturing Overhead debits.

e. Manufacturing Overhead for the First Two Months:

To determine the manufacturing overhead for the first two months, we need to add the Manufacturing Overhead debits for February to the balance of Manufacturing Overhead from February 1st.

f. Cost of Production Completed:

The cost of production completed in February can be calculated by adding the Direct Material, Direct Labor, and Manufacturing Overhead Applied.

Cost of Production Completed = Direct Material + Direct Labor + Manufacturing Overhead Applied

g. Cost of Goods Sold:

The cost of goods sold can be calculated by subtracting the credits to Finished Goods Inventory from the cost of production completed.

Cost of Goods Sold = Cost of Production Completed - (Feb. 1 balance + February credits)

Performing the calculations using the provided data will provide the actual values for each of the answers.

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The international refugee system was started through key events that led to its creation.

The creation of the international refugee system can be traced back to significant events in history, particularly those related to mass displacement and humanitarian crises. One key event was the aftermath of World War I and the displacement of millions of people in Europe. The League of Nations, established in 1920, recognized the need to address this issue and developed the Nansen Passport, which provided legal documentation for stateless individuals and facilitated their protection and resettlement.

Another pivotal event was World War II and the Holocaust, which resulted in the forced displacement and persecution of millions of people, primarily Jews. The horrors of the war led to increased international awareness of the need for collective action to protect and assist refugees. The United Nations (UN) was founded in 1945, and its establishment marked a significant step in formalizing international cooperation and response to refugee situations.

In 1951, the UN adopted the Refugee Convention, a landmark international treaty that defined the rights and obligations of both refugees and states. The convention laid the foundation for the modern international refugee system and established the UN Refugee Agency (UNHCR) as the leading international organization responsible for protecting and assisting refugees worldwide.

These key events, driven by humanitarian crises and the recognition of the need for coordinated international efforts, played a crucial role in the establishment of the international refugee system that exists today.

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To determine the bonus given by G1, we need to calculate the total bonus credited to G3 and then allocate it between G1 and G2 based on their profit-sharing ratio.

1. Total bonus credited to G3:

Amount credited to G3: P130,000

G3's payment for admission: P110,000

Bonus amount: Amount credited to G3 - G3's payment for admission

Bonus amount: P130,000 - P110,000 = P20,000

2. Allocate the bonus between G1 and G2:

G1's share of the bonus = G1's profit-sharing ratio * Bonus amount

Bonus given by G1 = G1's share of the bonus

G1's share of the bonus = 65% * P20,000 = 0.65 * P20,000 = P13,000

Therefore, G1 gave a bonus of P13,000.

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If the reserve requirement (rr) is 0.2, the simple deposit multiplier would be 5.

The simple deposit multiplier represents the maximum potential increase in the money supply based on the reserve requirement. It is calculated as the reciprocal of the reserve requirement.

Simple Deposit Multiplier = 1 / Reserve Requirement (rr)

In this case, the reserve requirement (rr) is given as 0.2, so the simple deposit multiplier is:

Simple Deposit Multiplier = 1 / 0.2 = 5

This means that for every dollar deposited into the banking system, the potential maximum increase in the money supply is five times that amount.

However, the money multiplier takes into account other factors that affect the actual expansion of the money supply. It considers not only the reserve requirement but also the currency deposit ratio (c) and the excess reserve ratio (e).

Money Multiplier = 1 / (rr + c + e)

In this case, the currency deposit ratio (c) is given as 0.05, and the excess reserve ratio (e) is given as 0.15. So the money multiplier is:

Money Multiplier = 1 / (0.2 + 0.05 + 0.15) = 1 / 0.4 = 2.5

The money multiplier is lower than the simple deposit multiplier because it takes into account factors that reduce the actual expansion of the money supply. The currency deposit ratio (c) represents the proportion of deposits that individuals choose to hold in the form of currency rather than in bank deposits. The excess reserve ratio (e) represents the proportion of reserves that banks choose to hold in excess of the required reserves.

These factors limit the amount of funds available for lending and subsequent money creation by banks. Therefore, the money multiplier considers these additional factors to provide a more realistic estimate of the actual increase in the money supply.

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00Excess Reserves = $13,800Required Reserve Ratio = 8%To Ratio = Required Reserves / Total Deposits8% = (8/100)  = Total Deposits × Required Reserve Ratio13,800 = Total Deposits × 8/100Total Deposits = 13,800 × 100/8Total Deposits = $172,500Therefore,

the total deposits of Bank A is $172,500.Total Reserves = Total Deposits × Required Reserve Ratio13,800 = Total Deposits × 8/100Total Deposits = 13,800 × 100/8Total Deposits = $172,500Therefore,00Excess Reserves = $13,800Required Reserve Ratio = 8%To Ratio = Required Reserves / Total Deposits8% = (8/100)  = Total Deposits × Required Reserve Ratio13,800 = Total Deposits × 8/100Total Deposits = 13,800 × 100/8Total ,

Total Deposits × Required Reserve Ratio13,800 = Total Deposits × 8/100Total Deposits = 13,800 × 100/8Total Deposits = $172,500Therefore,00Excess Reserves = $13,800Required Reserve Ratio = 8%To Ratio = Required Reserves / Total Deposits8% = (8/100)  = Total Deposits × Required Reserve Ratio13,800 = Total Deposits × 8/100Total Deposits = 13,800 × 100/8Total ,Ratio = Required Reserves / Total Deposits8% = (8/100)  = Total Deposits × Required Reserve Ratio13,800 = Total Deposits × 8/100Total Deposits = 13,800 × 100/8Total ,

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Explanation :

The external financing that is required by Berea for the coming year can be calculated as follows;

Given that, Capital expenditure program = $75 million

Earnings after interest and taxes = $40 million

Current level of dividends = $8 million

Increased level of dividends = $12 million

Current assets needs = $23 million

Increased current assets needs = $28 million

Current liabilities, excluding short-term bank borrowings = $17 million

Increased current liabilities, excluding short-term bank borrowings = $21 million

Interest payments = $5 million

Long-term debt retirement obligations = $9 million

Depreciation on the company's financial statements = $15 million

Depreciation for tax purposes = $18 million

Number of common stock issued and outstanding = 25 million shares

Therefore,External financing = Capital expenditure program - Earnings after interest and taxes - Increased level of dividends + Current assets needs - Current liabilities, excluding short-term bank borrowings + Interest payments + Long-term debt retirement obligations + Depreciation on the company's financial statements - Depreciation for tax purposes

External financing = $75 million - $40 million - ($12 million - $8 million) + ($28 million - $23 million) - ($21 million - $17 million) + $5 million + $9 million + $15 million - $18 million

External financing = $75 million - $40 million - $4 million + $5 million + $4 million + $9 million + $15 million - $18 million

External financing = $46 million

Therefore, the external financing required by Berea for the coming year is $46 million.

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To record the transactions on Sheridan Company's books, we need to prepare the journal entries for each transaction.

February 5: Purchase of merchandise from NW Wholesale Company:

Debit: Inventory - Merchandise Purchases ($12,000)

Credit: Accounts Payable ($12,000)

February 6: Payment of freight costs:

Debit: Freight-In ($160)

Credit: Cash ($160)

February 8: Return of merchandise to NW Wholesale Company:

Debit: Accounts Payable ($1,400)

Credit: Inventory - Merchandise Purchases ($1,400)

February 11: Payment of the balance due to NW Wholesale Company:

Debit: Accounts Payable ($10,600) [($12,000 - $1,400)]

Credit: Cash ($10,600)

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Beasann's Die-Cuts cost of goods manufactured for the year is $335,000.

To calculate the cost of goods manufactured, we first need to determine the direct materials used during the year:

Direct materials used = Beginning raw materials inventory + Purchases of direct materials - Ending raw materials inventory Direct materials used = $13,000 + $58,000 - $17,000 = $54,000

Next, we can calculate the total manufacturing costs incurred during the period:

Total manufacturing costs = Direct materials used + Direct labour + Manufacturing overhead Total manufacturing costs = $54,000 + $123,000 + $152,000 = $329,000

We can then calculate the total manufacturing costs to account for during the period:

Total manufacturing costs to account for = Beginning work in process inventory + Total manufacturing costs incurred during the period Total manufacturing costs to account for = $21,000 + $329,000 = $350,000

Finally, we can calculate the cost of goods manufactured:

Cost of goods manufactured = Total manufacturing costs to account for - Ending work in process inventory Cost of goods manufactured = $350,000 - $15,000 = $335,000

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