Krause Industries’ balance sheet at December 31, 2016, is presented below.
KRAUSE INDUSTRIES
Balance Sheet
December 31, 2016
Assets
Current Assets
Cash $7,500
Accounts receivable 73,500
Finished goods inventory (1,500 units) 26,050
Total current assets 107,050
Property, Plant, and Equipment
Equipment $40,430
Less: Accumulated depreciation 10,090 30,340
Total assets $137,390
L
Sales budget (8,000 units at $32) $76,800 $256,000
Direct materials used 13,570 62,500
Direct labor 12,500 50,900
Manufacturing overhead applied 10,000 49,270
Selling and administrative expenses 16,660 75,000
To meet sales requirements and to have 2,500 units of finished goods on hand at December 31, 2017, the production budget shows 9,000 required units of output. The total unit cost of production is expected to be $18. Krause uses the first-in, first-out (FIFO) inventory costing method. Interest expense is expected to be $3,500 for the year. Income taxes are expected to be 40% of income before income taxes. In 2017, the company expects to declare and pay an $10,560 cash dividend.
The company’s cash budget shows an expected cash balance of $5,880 at December 31, 2017. All sales and purchases are on account. It is expected that 60% of quarterly sales are collected in cash within the quarter and the remainder is collected in the following quarter. Direct materials purchased from suppliers are paid 50% in the quarter incurred and the remainder in the following quarter. Purchases in the fourth quarter were the same as the materials used. In 2017, the company expects to purchase additional equipment costing $11,900. $9,437 of depreciation expense on equipment is included in the budget data and split equally between manufacturing overhead and selling and administrative expenses. Krause expects to pay $9,260 on the outstanding notes payable balance plus all interest due and payable to December 31 (included in interest expense $3,500, above). Accounts payable at December 31, 2017, includes amounts due suppliers (see above) plus other accounts payable of $8,250. Unpaid income taxes at December 31 will be $7,860.
(a) Prepare a budgeted statement of cost of goods sold.
KRAUSE INDUSTRIES
Budgeted Cost of Goods Sold
For the Quarter Ending December 31, 2017For the Year Ending December 31, 2017December 31, 2017
Cost of Goods ManufacturedManufacturing Overhead AppliedCost of Goods Available For SaleDirect Materials UsedIncome Tax ExpenseNet Income / (Loss)Selling and Administrative ExpensesSalesInterest ExpenseCost of Goods SoldFinished Goods Inventory, 1/1/17Finished Goods Inventory, 12/31/17Direct Labor $
Cost of Goods ManufacturedCost of Goods Available For SaleFinished Goods Inventory, 1/1/17Selling and Administrative ExpensesCost of Goods SoldFinished Goods Inventory, 12/31/17Direct Materials UsedDirect LaborManufacturing Overhead AppliedIncome Tax ExpenseInterest ExpenseNet Income / (Loss)Sales
Cost of Goods Available For Sale Cost of Goods Manufactured Cost of Goods Sold Finished Goods Inventory, 12/31/17 Finished Goods Inventory, 1/1/17 Direct Materials Used Direct Labor Manufacturing Overhead Applied Income Tax Expense Interest Expense Net Income / (Loss) Sales Selling and Administrative Expenses $ Cost of Goods Manufactured Direct Materials Used Net Income / (Loss) Cost of Goods Available For Sale Manufacturing Overhead Applied Cost of Goods Sold Finished Goods Inventory, 12/31/17 Sales Selling and Administrative Expenses Finished Goods Inventory, 1/1/17 Direct Labor Income Tax Expense Interest Expense
Cost of Goods Sold Selling and Administrative Expenses Finished Goods Inventory, 1/1/17 Cost of Goods Available For Sale Finished Goods Inventory, 12/31/17 Direct Labor Direct Materials Used Income Tax Expense Manufacturing Overhead Applied Cost of Goods Manufactured Net Income / (Loss) Interest Expense Sales
Net Income / (Loss)Direct Materials UsedDirect LaborManufacturing Overhead AppliedInterest ExpenseIncome Tax ExpenseSalesSelling and Administrative ExpensesCost of Goods SoldCost of Goods Available For SaleCost of Goods ManufacturedFinished Goods Inventory, 12/31/17Finished Goods Inventory, 1/1/17
Cost of Goods Available For SaleCost of Goods ManufacturedNet Income / (Loss)SalesSelling and Administrative ExpensesManufacturing Overhead AppliedDirect Materials UsedFinished Goods Inventory, 1/1/17Cost of Goods SoldDirect LaborFinished Goods Inventory, 12/31/17Interest ExpenseIncome Tax Expense
Direct LaborCost of Goods Available For SaleSelling and Administrative ExpensesNet Income / (Loss)Manufacturing Overhead AppliedCost of Goods SoldFinished Goods Inventory, 1/1/17Interest ExpenseIncome Tax ExpenseSalesDirect Materials UsedCost of Goods ManufacturedFinished Goods Inventory, 12/31/17 $

It is a method of enforcing compliance whereby a direct request causes a change in behavior.

Door-in-the-face technique: Also known as DITF, this approach of compliance is known as the "door-in-the-face" technique in social psychology. In 1975, Robert Cialdini and his associates introduced it. It operates under the reciprocity principle. When someone uses the DITF strategy, they try to persuade the other person by agreeing to a huge or large request in the hopes that they will at least persuade them to agree to a smaller request. The door-in-the-face tactic is shown by Oscar's strategy in the aforementioned question. It is a method of enforcing compliance whereby a direct request causes a change in behavior. This method involves two steps: the first asks for something that is unreasonable, followed by a smaller, more reasonable request that gets the listener to agree to the first.

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"Lobby group ABC hosted a rally to support Candidate X." Answer: E (Endorsing a candidate) Explanation: This lobby activity is an example of endorsing a candidate, as the rally is a show of support for Candidate X.

An endorsement can be an update to a contract or document, such a life insurance policy or a driver's licence, or it can be a signature approving the legal transfer of a negotiable instrument between parties. An endorsement is a public declaration of support for a person, thing, or service.

Hence, the correct answer to the given question is

endorsing

a candidate (E)

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In the short run, the quantity of aggregate output supplied will decrease due to the fall in prices. This is because the decrease in prices will reduce the incentive for firms to produce, leading to a decrease in aggregate output supplied.

Aggregate is a term used to describe a collection of items that have been combined into a single unit. This could refer to a variety of items, such as multiple data points, materials, or people. In the data world, aggregates are often used to create a summarization of data points, such as in the creation of a sum, mean, or average. In the material world, aggregates refer to a combination of particles that form a material such as sand, gravel, and crushed stone used in construction.

When firms and workers renegotiate their wages, wages will decrease in order to reflect the decrease in prices. This will cause the aggregate demand curve to shift to the right, restoring the economy to its original equilibrium at potential output.

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Weasels choice of genre prove beneficial in the excerpt because t allows him a moment to reflect on why the world neglected to aid the Jewish people during their greatest time of need.

In the excerpt, Elie Wiesel expresses his dismay and concern at the seeming lack of action by world leaders who were aware of what was happening in Auschwitz. He had the chance to consider these occurrences because of the genre he chose for this passage.

He questioned why the leaders of the world did not bomb the rail lines leading to Birkenau or Auschwitz. He is contemplating these occurrences in great detail at this point.

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It is best to use a process cost method when producing a lot of uniform items. By linking each overhead cost to a specific work, actual manufacturing overhead expenses are allocated to each job.

Instead of recording expenses for each individual item, process costing allows businesses to calculate item cost by keeping track of the costs associated with each step of the production process. They multiply the overall cost by the number of products after adding up the costs of each stage in the process. The cost per unit is what we refer to as. A paper manufacturer may, for instance, keep track of the costs associated with each step in the process of converting wood pulp into reams of paper, then divide the sum of those costs by the quantity of reams to determine the cost per ream.

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Because of Sarbanes-Oxley, publicly traded companies must develop codes of ethics to assist in maintaining transparency in financial reporting.

SOX imposes criminal penalties for tampering with documents, retaliating against informants and whistleblowers, and otherwise impeding government processes and investigations into charges of corporate fraud.

The Sarbanes-Oxley Act of 2002 is a federal law that set stringent auditing and financial standards for publicly traded corporations. The Act was enacted to safeguard shareholders, employees, and the general public against accounting errors and unscrupulous financial practices.

The act established new corporate norms, such as establishing new auditor requirements to reduce conflicts of interest and transferring responsibility for complete and accurate financial reporting. To deter corporate asset fraud and misappropriation, the act imposes tougher penalties for perpetrators.

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Intrinsic motivation is the desire to do something for the inherent satisfaction of completing the task. This type of motivation is largely internal and can be less affected by external factors, though certain external pressures may push one to complete the task out of a sense of obligation rather than satisfaction.

For example, an individual may have a goal of writing a book and be motivated to complete it because it is a creative challenge they've set for themselves. While they may be pressured to finish by an external deadline, they are still motivated to write because they find joy and satisfaction in completing the task.

The market value of all finished products and services generated in an economy during a particular year is known as GDP.

Gross domestic product (GDP) is a monetary indicator of a country's market value for all finished items produced and sold within a given time frame. Before it can be regarded as a trustworthy indicator, the measurement must be continually corrected due to its complexity and subjectivity. Nominal GDP is used for comparing national economies on the global market because GDP per capita does not take into account variations in the cost of living and inflation rates of the various nations. In order to compare living standards between countries, it may be more beneficial to utilize GDP per capita at purchasing power parity (PPP).

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Budget refers to the an estimate of income and expenditure for a future period. It helps in tracking expenses and following a plan.

A budget is a financial statement. It makes it easier to pay bills on time, build an emergency fund, and save for major expenses.

A budget can be referred to as  a spending plan based on income and expenses. In other words, a budget is an estimate of how much money you'll make and spend over a certain period of time, such as a month or year. A budget is tool for financial stability.

There are three types of budgets. These are- a surplus budget, a balanced budget, and a deficit budget

Importance of Budget-

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Correct question

What are the main purposes of a budget?

The  product and service type can Billy Jo use when putting up the products she buys if she doesn't want to monitor the amount of stock not in the inventory.

Non inventory items are those that you purchase or sell but do not need to keep track of the quantity. For instance, you wouldn't sell directly the nuts or screws you use for installations. Services: The services you offer to clients.

All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory. Example: Only the paper will be regarded as inventory if a news vendor utilizes a vehicle to distribute newspapers to clients. The  car will be handled like an asset.

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Businesses like restaurants, hotels, resorts, car rental agencies, shipping firms, health clubs, tax preparation services, and cleaning firms have all become profitable franchisees.

Franchises are used to run a number of well-known fast service chains, including McDonald's, Subway, and Tim Hortons. The franchising of full-service eateries like Pizza Hut and Denny's is also an option.

A sales promotion strategy, also known as a discounting strategy, is a type of marketing that involves using incentives, discounts, or other offers to induce customers to do a specific action.

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Both individuals and economies must make a decision on how to allocate resources, which is a similarity between both. Economics is the study of scarcity and how it affects how resources are used.

Economics is a social science that examines how products and services are produced, distributed, and consumed as well as the decisions that people, corporations, governments, and nations make when allocating resources. Economists examine how resources are distributed for production, distribution, and consumption on the premise that humans have limitless demands in a world of finite resources. While macroeconomics focuses on the behavior of the economy as a whole on an aggregate level, microeconomics focuses on the decisions made by people and enterprises. Hesiod, a Greek farmer and poet who lived in the eighth century B.C., is one of the oldest economists known to have written about the necessity for effective allocation of labor, resources, and time to combat scarcity.

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The total assets are $377,600 and the total liabilities are $73,500, resulting in total equity of $304,100.

An asset is an economic resource that has a measurable value and can be owned, managed and exchanged.

December 31, 2016
ASSETS
Cash $64,300
Accounts Receivable 26,240
Office Supplies 3,160
Office Equipment 44,000
Trucks 148,000
Building 0
Land 0
Total Assets $285,600

LIABILITIES
Accounts Payable $3,500
Note Payable 0
Total Liabilities $3,500
EQUITY
Total Equity $282,100
December 31, 2017

ASSETS
Cash $15,640
Accounts Receivable 19,100
Office Supplies 1,960
Office Equipment 44,000
Trucks 157,000
Building 80,000
Land 60,000
Total Assets $377,600

LIABILITIES
Accounts Payable $33,500
Note Payable 40,000
Total Liabilities $73,500

EQUITY
Total Equity $304,100

The balance sheets for Nettle Distribution as of December 31, 2016 and 2017 show the total assets and total liabilities of the company. The total equity is the difference between the total assets and total liabilities. In 2016, the total assets are $285,600 and the total liabilities are $3,500, resulting in total equity of $282,100. In 2017, the total assets are $377,600 and the total liabilities are $73,500, resulting in total equity of $304,100.

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A compliance audit is carried out to ascertain a healthcare company.

A compliance audit examines all aspects of a company's conformity to legal requirements. In the course of a compliance audit, audit reports assess the robustness and completeness of conformity preparation, appropriate security, user access controls, and risk management practices.

An organization's adherence to internal laws, laws and regulations, norms, and even codes of conduct is evaluated through a compliance audit. A variety of audit types are used in an audit to examine the efficacy of a company's inner controls. Internal audits, IRS audits, and external audits are the three primary categories of audits.

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Qualified disaster distributions have a limit of $100,000 in the aggregate per qualified disaster is FALSE.

What is disaster?
Disaster is a sudden, calamitous event that causes great damage, destruction and loss of life. Disasters can be natural, such as earthquakes, floods, hurricanes, and tornadoes, or man-made, such as explosions, fires, and transport accidents. Disasters can cause widespread destruction of property, economic losses, loss of life, displacement of people, and disruption of social services. They can also have long-term effects on the environment, health, and livelihoods. Preparing for disasters and responding quickly to them can reduce their impacts, but it is important to mitigate the risk of disasters through better planning, building codes, and early warning systems.

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In a centrally planned economy, the government is in charge of the system. Which is a capitalist model without a government, is governed in part by the authorities and in part as both a free market economy.

An economy system is a method used by communities or governments to coordinate and distribute resources, resources, and goods throughout a territory or nation.

But ultimately, economies function by sharing limited resources among people and things. An economy is made up of a number of capital-facilitated markets where exchange goods and services. These networks are present on a local, a governmental, and a worldwide scale.

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The feed contains at least 95% organic ingredients. Surplus unsold food grown and raised on US farms will be used to provide supplies.

Major US exports are grains/feed, soybeans, livestock and horticultural products. American consumers want a safe, diverse and plentiful supply of food that is affordable and available year-round.

To meet these consumer needs, the United States imports approximately 15% of its total food supply. Pesticides, fertilizers, and other toxic pesticides can contaminate freshwater, marine ecosystems, air, and soil.

Raw milk contains Campylobacter, Cryptosporidium, Escherichia coli, Listeria, Brucella, and Salmonella. The main imports in 2022 are consumer goods (27%), capital goods (26%), industrial goods (25%), automobiles, parts and motors (12%), food, feed and beverages (6%) follows. ).

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The following situation could have an impact on the United States:

You invest RUB 7,000 in shares of a Russian corporation.

You invest RUB 7,000 in Russian Bonds.

You keep the rubles in your home's safe deposit box.

This refers to products and services that are made in one nation and offered to invest customers in another. A good or service that is exported is one that is produced in one nation but is sold to a customer Bonds. Exports are one of the earliest types of economic exchange and take place impact between countries. There will be an impact because it affects exports and net exports.

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The given statement in the question about generic term being not protected under trademark law is False.

Trademark protection is never available for generic names. They are expressions of the type of good or service being offered through words or symbols. The terms "modem" and "email" are both general. similar to "cereal," which is a type of grass consumed as breakfast. In terms of trademark law, a word or symbol that is frequently used to describe an entire class of goods or services rather than to differentiate one good or service from another is said to as generic. As an illustration, numerous breakfast cereal producers refer to their products as "raisin bran." A generic trademark is a brand name or trademark that has acquired the status of a generic term due to its popularity or significance. It is sometimes referred to as a genericized trademark or a proprietary eponym.

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the unit of purchase of transit advertising is known as a showing.so correct answer is showing.

Transit advertising, often known as advertising on transport, refers to outdoor media shown in or on any form of public transportation. Our exposure to advertising media occurs in (and on) taxis, subway carriages, bus shelters, and train stations. Transit advertising can be defined as an advertising technique in which businesses position their advertisements on and in locations served by public transportation. Advertising on buses and in bus stations is included, as are advertisements on subway vehicles and in subway stations, in taxi cabs, on airplanes, and at airports.

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The loss of consumption required to generate the investment resources is another opportunity cost of investing in human capital. correct option is c.

The price of the next-highest alternative use of a resource is what economists refer to when they talk about its "opportunity cost." For instance, if you spend time and money going to the cinema, you aren't permitted to watch the same movie at home or spend the money on something else. In microeconomic theory, the term "opportunity cost" refers to the value or advantage lost by engaging in one activity as opposed to another. More specifically, it indicates that by choosing one activity, you forgo the opportunity to participate in another.

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Option D is correct. Carol files a suit against Duffy in a state trial court and loses. Carol​ can plead her case before an appellate court.

After losing a case in a state trial court, a party has the option to appeal the decision to a higher court, known as an appellate court. An appellate court reviews the lower court's decision to ensure that the law was correctly applied and that there were no errors in the legal proceedings. The appellate court can uphold the lower court's decision, overturn it, or send the case back to the lower court for further proceedings.

A party cannot insist that the United States Supreme Court hear their case, as the Supreme Court has discretion in deciding which cases it will hear. Additionally, Carol cannot take her case to small claims court because small claims court is only for cases involving small dollar amounts, and it's not a higher court.

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Joseph is going to start a business cleaning fish tanks. Ownership of a sole proprietorship business.

The sole proprietor has complete and unconditional control over the company. Example: a single proprietor of a beauty parlor, barbershop, general store, and sweet shop.

A business that can be owned and run by an individual, a company, or a limited liability partnership is known as a sole proprietorship. The company does not have any partners. The following is a definition of a sole proprietorship's legal status: It is not an independent legal entity like the owner of the business.

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The type of business ownership Joseph should choose is a sole proprietorship.

A sole proprietor is a person who owns a business that is not incorporated. However, if you are the sole member of a domestic limited liability company (LLC), you are not a sole proprietor if you choose to treat the LLC as a legal entity.

Sole proprietorships allow small business owners to start businesses without formal legal action from the state. There is no need to form a board of directors. No business account required. Hlavacka said about sole proprietorships, "it could be more user-friendly."

Sole proprietorship owners are personally responsible for all of the company's debts while putting their personal property and future wages at risk. This is the main reason to avoid sole proprietorships.

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An annualized return of 8% to 10% over a period of 10 years or longer is considered to be "excellent" for equity mutual funds. 4% to 5% over the long term would be a good return for bond mutual funds.

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Advantage of term life insurance: financial protection, tax exemption, low premium. Its disadvantages are: the premium can be expensive for old individuals and no cash value components.

A term life insurance policy is the type of non-permanent  insurance: The clients pay a premium for a set length of time, usually between 10 and 30 years, and if they die during that time, their family receives a financial benefit.

Among the advantages of term life insurance are:

- Financial protection to the beneficiaries.

- Exemption from paying income taxes

- Low premium and guaranteed high sum

Among the disadvantages of term life insurance are:

- The premium is expensive for unhealthy and old individuals.

- There is no return on investment or there is no cash value added

- The insured are unable to reap the benefits.

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The customer chooses the products and services they will purchase, as well as from whom, under a free-enterprise economy.

In a free-enterprise system, private enterprises or businesses may run their operations without interference from the government; the market determines their goods, pricing, and services, and they are free to compete with other businesses. Consumers are also free to choose who to buy from and the services or items to use based on their own interests.

A free-market system enables the establishment of several businesses that can compete for the patronage of customers.

It describes an economy where the market, as opposed to the government, sets pricing for goods and services.

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A camp built by the US government to hold Japanese Americans following the Pearl Harbor attacks that serves as a concentration camp or internment camps for civilians, particularly those with connections to an adversary during a conflict.

Concentration camp, a place of confinement for political prisoners and members of national or minority groups who are imprisoned due to state security concerns, exploitation, or punishment, typically by executive order or military authority. Instead of treating people as unique individuals, these camps frequently place people there based on their identification with a specific ethnic or political group, and without the benefit of an indictment or a fair trial.

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Personal data refers to information about a particular or identifiable individual.

Information about a specific or identifiable individual is referred to as personal data. An individual can be identified by something as basic as a name or a number, as well as by other things like their IP address, cookies, or other identifiers.

Any information pertaining to an identifiable individual is considered personal data, often known as personal information or personally identifiable information.

Personal information is no longer regarded as personal information if it has been made anonymous in a way that makes the subject unidentifiable or unrecognizable.

The eight data protection principles, particularly the first principle, must be followed for any disclosures of personal data, and a legal basis must also be provided.

Therefore, the correct answer is option A) Configure a "kill switch" on the device.

The complete question is:

If a device is stolen, how can you set it to the factory defaults, disable it, or clear any personal data that is on it remotely?

A) Configure a "kill switch" on the device.

B) Remove the lockout policy on the device.

C) Enable Activation Lock on the device.

D) Enable geotracking and Location Services on the device.

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The correct answer is True. However, when the relationship between the guardian and the watched-for is used for promoting or restoring the health and well-being of people within the relationship, it becomes a  concept mapping.

Clinical logic is the cognitive and metacognitive processes used to assess knowledge relative to a clinical situation or holistic approach. Clinical nursing judgment is the cognitive, psychomotor, and affective processes that are demonstrated through action and actions.  

Observation is the conscious and deliberate use of the five senses( sight, smell,  hail, taste, and touch) to gather data. Partnership working through the development of positive connections ensures a contemporary practice holistic approach to watch and support requirements. In addition, positive connections are grounded on trust, crucial to ensuring that individuals are shielded and admit the care and support they need and request.

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