On january 1, 2018, red flash photography had the following balances: cash, $18,000; supplies, $8,600; land, $66,000; deferred revenue, $5,600; common stock $56,000; retained earnings, $31,000. during 2018, the company had the following transactions: 1. february 15 issue additional shares of common stock, $26,000.2. may 20 provide services to customers for cash, $41,000, and on account, $36,000.3. august 31 pay salaries to employees for work in 2018, $29,000.4. october 1 purchase rental space for one year, $18,000.5. november 17 purchase supplies on account, $28,000.6. december 30 pay dividends, $2,600.the following information is available on december 31, 2018: 1. employees are owed an additional $4,600 in salaries.2. three months of the rental space has expired.3. supplies of $5,600 remain on hand. all of the services associated with the beginning deferred revenue have been performed. required: 1. record the transactions that occurred during the year. 2. record the adjusting entries at the end of the year. 3. prepare an adjusted trial balance. 4. prepare an income statement, statement of stockholders' equity, and classified balance sheet. 5. prepare closing entries

Shareholders of tesla recently expressed concerns that elon musk should give up some of his power on tesla's board by appointing two independent directors. which of the following is not a reason why elon musk is perceived to have significant power over tesla's board? 1. he is the founder of the firm and a successful entrepreneur, thus board members may be hesitant to challenge him.2. as the ceo and chairman of the firm he can easily determine what the board should discuss and how it should vote on strategic issues.3. all board members, except for kimbal, have been appointed to the board during elon's tenure.4. many of the firm's directors are outsider investment managers whose interests would not be aligned with those of firms' shareholders.

White company has two departments, cutting and finishing. the company uses a job-order costing system and computes a predetermined overhead rate in each department. the cutting department bases its rate on machine-hours, and the finishing department bases its rate on direct labor-hours. at the beginning of the year, the company made the following estimates: department cutting finishing direct labor-hours 6,000 30,000 machine-hours 48,000 5,000 total fixed manufacturing overhead cost $ 264,000 $ 366,000 variable manufacturing overhead per machine-hour $ 2.00 " variable manufacturing overhead per direct labor-hour " $ 4.00 required: 1. compute the predetermined overhead rate for each department. 2. the job cost sheet for job 203, which was started and completed during the year, showed the following: department cutting finishing direct labor-hours 6 20 machine-hours 80 4 direct materials $ 500 $ 310 direct labor cost $ 108 $ 360 using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to job 203. 3. would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates?

If you were running a company, what are at least two things you could do to improve its productivity.