a. Purchased buildings costing $414 and equipment costing $218 for cash.
b. Borrowed $129 from a bank, signing a short-term note.
c. Provided $51,771 in service to customers during the year, with $27,058 on account and the rest received in cash.
d. Paid $136,274 cash on accounts payable.
e. Purchased $30,983 of inventory on account.
f. Paid payroll, $4,540 during the year.
g. Received $21,343 on account paid by customers.
h. Purchased and used fuel of $1,850 in delivery vehicles during the year (paid for in cash).
i. Declared $598 in dividends at the end of the year to be paid the following year.
j. Incurred $116 in utility usage during the year; paid $97 in cash and owed the rest on account.
Required:
General journal entries.
a. Purchased buildings costing $414 and equipment costing $218 for cash.
b. Borrowed $129 from a bank, signing a short-term note.
c. Provided $51,771 in service to customers during the year, with $27,058 on account and the rest received in cash.
d. Paid $136,274 cash on accounts payable.
e. Purchased $30,983 of inventory on account.
f. Paid payroll, $4,540 during the year.
g. Received $21,343 on account paid by customers.
h. Purchased and used fuel of $1,850 in delivery vehicles during the year (paid for in cash).
i. Declared $598 in dividends at the end of the year to be paid the following year.
j. Incurred $116 in utility usage during the year; paid $97 in cash and owed the rest on account.
Required:
General journal entries.
a. Purchased buildings costing $414 and equipment costing $218 for cash.
b. Borrowed $129 from a bank, signing a short-term note.
c. Provided $51,771 in service to customers during the year, with $27,058 on account and the rest received in cash.
d. Paid $136,274 cash on accounts payable.
e. Purchased $30,983 of inventory on account.
f. Paid payroll, $4,540 during the year.
g. Received $21,343 on account paid by customers.
h. Purchased and used fuel of $1,850 in delivery vehicles during the year (paid for in cash).
i. Declared $598 in dividends at the end of the year to be paid the following year.
j. Incurred $116 in utility usage during the year; paid $97 in cash and owed the rest on account.
Required:
General journal entries.
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at a firms current rate of output, the marginal cost is $65, the average variable cost is $35, the average fixed cost is $30 and the product price is $65. which of the following statements is true for the firm
a. economic profits are zero because price equals average total cost
b. decreasing average total cost through an increase in economies of scale
c. The accounting profits are less than her implicit costs
a. Economic profits are zero since the firm's following statements are accurate in that price equals average total cost.
What exactly are economic gains?The opportunity cost can be subtracted from the accounting profit to determine economic profit. The investment that the company will have to forgo making on the current opportunity is known as the opportunity cost. Often, accounting profit is what is meant when discussing profit in a business.
Hence, when we say that our company has made money, we are talking about an accounting profit. Economic profit is a crucial concept in trade-offs. An organization must select what it will invest in and produce. The corporation makes simultaneous investments in a variety of endeavors, and this will decide its profitability.
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What strategy should be applied when other strategies are ineffective and the company needs to change quickly
Answer:
Plan Carefully. ...
Be as Transparent as Possible. ...
Tell the Truth. ...
Communicate. ...
Create a Roadmap. ...
Provide Training. ...
Invite Participation. ...
Don't Expect to Implement Change Overnight.
Explanation:
discribe the characteristic of Functional project organization ?
Explanation:
It consists of a group of individuals which may be large or small. The group of individuals work under the direction of executive leadership. It establishes definite relationship between the divided units. It is established for the attainment of common objective.
Why might a company issue a product recall
Answer:
The product is defective
Explanation:
Answer:
A product is defective
Explanation:
Product recalls occur as a result of safety or quality concerns related to a manufacturing or design defect in a product that may harm its users. Recalls may negatively affect a company's stock as they are expensive and can damage a firm's reputation, leading to declining sales.
During April , Cavy Company incurred factory overhead as follows : Indirect materials $11,300 Factory supervision labor 4,000 Utilities 460 Depreciation (factory )660 Small tools 330 Equipment rental 790 Journalize the entry to record the factory overhead incurred during AprilIf an amount box does not require an entry, leave it blank
Answer:
Date Account Title Debit CreditApril Factory Overhead $16,720 Indirect materials $10,500 Wages payable $4,000 Utilities payable $ 500 Accumulated Depreciation $ 620 Small tools $ 370 Equipment rental $ 730
4. What would be the best pricing strategy for a deli opening in a competitive business
district where the lunchtime rush is the bulk of the business? Explain your answer
Answer:
During the times of opening, the business can offer lucrative and attractive discounts and deals such as buy one get one free deals or opening offers or different deals and discounts to gain competitive business advantage.
Explanation:
Suppose that there are three beachfront parcels of land available for sale in Astoria, and six people who would each like to purchase one parcel. Assume that the parcels are essentially identical and that the minimum selling price of each is $570,000. The following table states each person's willingness and ability to purchase a parcel.
Willingness and Ability to Purchase (Dollars)
Alyssa 550,000
Brian 510,000
Crystal 500,000
Nick 700,000
Rosa 630,000
Tim 590,000
Which of these people will buy one of the three beachfront parcels? Check all that apply
a. Alyssa
b. Brian
c. Crystal
d. Nick
e. Rosa
f. Tim
People who will buy one of the three beachfront parcels D. Nick E. Rosa and F. Tim
What is minimum selling price?
The minimal selling price is used to prevent items from being sold with little or no margin. The minimal sell price can be defined as either a dollar amount or a percentage over base value.
Conclusion: How to Calculate selling price per Unit
1. Determines the total fee of all units purchased.
2. Divide the total cost by the number of units purchased to get the cost price.
3. Use the selling price formula to calculate the final price: selling price = cost price + profit Margin.
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How does making a payment by check affect your checking account balance?
A. Your balance decreases immediately
B. Your balance decreases when the check is processed.
C. Your balance decreases the following month.
D. Your balance is not directly affected.
Nvm it's B.
A payment by check affect your checking account balance as your balance decreases when the check is processed.
Thus, the correct option is B.
What is a bank check?
A check is a written request from a depositor telling the bank to take money out of their account and pay it to a specific person.
To put it another way, a check is a way to instruct the bank to transfer money from your account to another person's or another person's account.
A check is a permission to take money out of a bank account. A check must include the payee's name, the payment amount, and the date in order to accomplish this.
A check is typically negotiable, allowing the payee to designate a new recipient by signing it. Checks that are certified have your signature and are drawn from your own account.
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Ragland Corp. purchases supplies on account for $1,000 and appropriately records the transaction in an asset account. A count of inventory at year-end indicates that $300 of supplies are remaining. The adjusting journal entry required at year-end includes:_____.
Answer and Explanation:
The adjusting entry is shown below:
Supplies Expense A/c $700
To Supplies A/c $700
(Being the supplies expense is recorded)
The supplies expense is computed below
= Supplies purchased made - supplies on hand
= $1,000 - $300
= $700
For recording this we debited the supplies expense as it increased the expenses and credited the supplies as it decreased the assets
Which of the following is not a bankruptcy offence under the Bankruptcy and Insolvency Act?
Running into difficulties and being unable to meet all debt obligations as and when they become due
Destroying records
Falsifying records
Attempting to conceal or hide the existence of assets
Lying when answering questions intended to ascertain the extent of the bankrupt's property
Destroying records is not a bankruptcy offence under the Bankruptcy and Insolvency Act
What purposes does the Bankruptcy and Insolvency Act serve?The Bankruptcy and Insolvency Act was created to safeguard all parties or stakeholders involved in a bankruptcy or consumer proposal, including the debtor and lenders/creditors.
What is the rule of insolvent bankruptcy?A debtor is considered insolvent, with the exception of what is stated in subsection (c), if the total of their debts exceed the total of their assets as determined by a fair market value. It is assumed that a debtor is insolvent if they routinely fail to pay their obligations as they fall due.
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Exercise 8-4A (Static) Determining sales and variable cost volume variances LO 8-3 Cherokee Manufacturing Company established the following standard price and cost data. Sales price $ 12.00 per unit Variable manufacturing cost $ 7.20 per unit Fixed manufacturing cost $ 3,600 total Fixed selling and administrative cost $ 1,200 total Cherokee planned to produce and sell 2,000 units. Actual production and sales amounted to 2,200 units. Required Determine the sales and variable cost volume variances. Classify the variances as favorable (F) or unfavorable (U). Determine the amount of fixed cost that will appear in the flexible budget. Determine the fixed cost per unit based on planned activity and the fixed cost per unit based on actual activity.
Answer:
Cherokee Manufacturing Company
a. Sales volume variance is:
= $2,400 F
b. Variable cost volume variance is:
= $1,440 U
c. Fixed cost in the flexible budget = $4,800
d. Fixed cost per unit:
1. Planned activity = $2.40
2. Actual activity = $2.18
Explanation:
a) Data and Calculations:
Standard price and cost data:
Sales price $ 12.00 per unit
Variable manufacturing cost $ 7.20 per unit
Fixed manufacturing cost $ 3,600 total
Fixed selling and administrative cost $ 1,200 total
Planned production and sales = 2,000 units
Actual production and sales = 2,200 units
Sales volume variance = Actual sales - Standard sales multiplied by Standard price
= 2,200 - 2,000 * $12
= 200 * $12
= $2,400 F
Variable cost volume = Actual production - Standard production multiplied by Standard Variable Cost
= 200 * $7.20
= $1,440 U
Flexible fixed costs:
Fixed manufacturing cost = $ 3,600 total
Fixed selling and administrative cost = $ 1,200 total
Total fixed costs = $4,800
Fixed cost per unit:
Planned activity = $2.40 ($4,800/2,000)
Actual activity = $2.18 ($4,800/2,200)
True or False, money management decisions include deciding how much credit to obtain to support your spending and what sources of credit to use.
The correct answer is False, money management decisions include deciding how much credit to obtain to support your spending and what sources of credit to use. It is a false statement.
What is money management?Money management is a plan for your money so you can make the most of it. This plan mostly involves budgeting, saving money, averting or reducing loans, and investing in your future.
What are savings?Savings refers to the money a person has left over after subtracting their consumer spending from their disposable income from above a given time moment. Savings represent a net surplus of funds for a personal or household after all expenses and obligations have been paid.
The correct answer is False, money management decisions include deciding how much credit to obtain to support your spending and what sources of credit to use. It is a false statement.
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Which best describes the relationship between total utility and marginal utility?.
The correct answer is: Total utility rises first but the begins a sudden fall when the marginal utility points toward the negative while Marginal utility falls when each unit is purchased.
What is utility?Utility is a form or state of being profitable or beneficial. It shows the usefulness of the item to an individual.
Marginal utility is the addition made to total utility while total utility is the aggregate of all utility that is derived by the consumption of all commodities.
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For most consumers, term life insurance is considered to be the:
O worst option
O same cost as term
O most expensive
O best value
For most consumers, the term life insurance is considered to be worst option.
What is a term life insurance?A sort of death benefit that pays the policyholder's heirs over a predetermined length of time is term life insurance, commonly referred to as pure life insurance. The owner of the term life insurance policy has three options after the term has ended: renewing it for a new term, changing it to permanent protection, or letting the policy lapse. The premium for term life insurance is established by the insurance provider based on the value of the policy (the payout amount), as well as your age, gender, and general health. A medical examination could be necessary in several situations. Your driving history, current medications, whether you smoke, your work, your hobbies, and your family history may all be requested by the insurance provider.
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Jorge has a new job in an office. Which of the following safety procedures will he most likely need to learn?
Answer: D) How to exit safely in the event of a fire
Explanation:
Who would you consider society's stakeholders.
Society's stakeholders encompass diverse individuals, groups and entities who have a vested interest in the well-being, progress and outcomes of a community.
The stakeholders include citizens as the foundation of any society with their collective aspirations and needs shaping the social fabric. Government plays a crucial role as elected representatives responsible for enacting laws and policies for the greater good.
Businesses drive economic growth provide jobs and produce goods and services that meet societal demands. Non-profit organizations address social, environmental and humanitarian issues, striving to create positive change.
Academia advances knowledge, critical thinking and innovation for societal progress. The environment with its ecosystems and biodiversity represents a fundamental stakeholder is essential for sustainability and human well-being.
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For each of the following scenarios, indicate which of the four basic tax planning variables (entity, character, time period, jurisdiction) impacts after-tax value.
a. Aloha Corporation is considering building a new manufacturing facility in either State U or State P. State U has a 10 percent state income tax rate. State P has a 15 percent state income tax rate, but offers a tax holiday for new business investment that would exempt up to $250,000 of Aloha’s earnings from state income tax for the first five years of operations in State P.
b. Mary wishes to help her nephew, Gill, pay his college tuition. Instead of giving Gill cash, Mary gives him bonds earning $10,000 annual interest income. Mary’s marginal tax rate is 35 percent and Gill’s marginal tax rate is 15 percent.
c. Congress has recently enacted a decrease in corporate tax rates that will take effect at the beginning of next year. Grant Company, a cash basis taxpayer, is planning to pay expenses prior to year-end in order to maximize its tax savings in the current year.
d. Will has $50,000 to invest in the stock market. He is considering two alternatives. Stock A pays annual qualifying dividends of 6 percent. Stock B pays no dividends but is expected to increase in value at a rate of 5 percent per year. Will would hold either investment for a minimum of four years. Will’s marginal tax rate on ordinary income is 35 percent.
Answer:
Letter D is the answer
Explanation:
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Suppose George's income decreases by 10%. As a result, the quantity of Good X George demands increases by 20%. George's income elasticity for Good X is _____, and Good X is ______ good.
a.-0.5; an inferior
b.0.5; a normal
c.-2; an inferior
d.2; a normal
Suppose George's income decreases by 10%. As a result, the quantity of Good X George demands increases by 20%. George's income elasticity for Good X is -2 , and Good X is an inferior good.
In the term of financial economic and business, the Income elasticity of demand generally can be defined as the quantity demanded of a particular product. In economic, income elasticity depends not only on its own price and on the price of other related products. Income elasticity also depend on other factors such as income. if George income decreases by 10%the quantity demanded for a good increased by 20%, then the income elasticity of demand would be 20%/10% = 2.
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Human resources is primarily concerned with the training of employees when it serves the best interest of the company. What is one area in which human resources priorities training?
a. lay off
b. lateral moves
c. termination
d. demotions
In April, a firm had an ending cash balance of $35,000. In May, the firm had total cash receipts of $40,000 and total cash disbursements of $50,000. The minimum cash balance required by the firm is $25,000. At the end of May, the firm had
Answer:
60,000
Explanation:
How does manufacturing create the multiplier effect?
Answer:
For every $1.00 spent in manufacturing, another $2.79 is added to the economy
Explanation:
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Homer deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Bart also deposited $3,000 this morning at 5 percent interest, compounded annually. At the end of each period, Homer will withdraw his interest earnings and put into a new account that pays 8 percent interest, compounded annually. Given this, which one of the following statements is true?
a. Barb will earn more interest the second year than Andy.
b. Andy will earn more interest in year three than Barb will.
c. Barb will earn more interest the first year than Andy will.
d. Andy will earn compound interest.
e. After five years, Andy and Barb will both have earned the same amount of interest.
Answer:
The answer is "Option a".
Explanation:
In this question, each year Barb pays back the interest received. It will add depth to its principle during the first year. In this, the actual case, the interest for $3000 at 5% for the first year = $150, would be added to $3 000, and $31,50. In the second year, Barb should gain a 5% interest on $3150. Throughout the case of Andy, the second principle will be $3000 like it was at the end of the first year. Thus, Barb's second year is going to have more interest.
In choice b, It is wrong because Andy wants to withdraw its interest, this won't get irritated. He would also receive less interest per year than Barb. In choice c, Its interest would not be the same for both in the first year. In choice d, It is wrong because Andy wants to withdraw interest each year, no compound interest will arise. In choice e, No, not that. Andy won't earn the interest compounded so, the Barb will receive the interest multiplied. Therefore, for the five-year duration, Barb can earn more interest.Explain the difference between 50/50 and 40/40 emotional energy, and provide an example of each.
The concepts of 50/50 and 40/40 emotional balance are often used in relationships and emotional relationships.
50/50 Emotional strength is a state in which two people in a relationship are equal in relation to each other and are willing to give equal weight to maintain the relationship. In this case, both parties give and receive equal incentives and share responsibility for the success or failure of the relationship. An example of 50/50 emotional strength in a good relationship is a couple who communicate well, listen to each other's needs, and encourage each other.
On the other hand, the 40/40 mindset is when both partners in a relationship focus on their own emotional needs and refuse to give their partners equal support.
In this case, neither partner is invested in the other's feelings, resulting in a lack of motivation and a contradictory relationship. An example of 40/40 emotional stability in a romantic relationship would be a couple in which one partner feels neglected and supported while the other focuses only on their own needs and feelings.
In general, the concept of emotional strength emphasizes the importance of joint initiatives in relationships and the benefits of motivation and balance between two partners.
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a) Identify and discuss three (3) major risks fims are always averse when they enter into
international markets especially developing economies.
(b)
Prices of goods quoted in the international marvets always have trade terms. Identify four (4)
of these terms and briefly discuss/define giving their implications for the parties involved.
Foreign exchange and political risks are the two main dangers that come with doing business internationally. It may occasionally be difficult for businesses to sustain steady and predictable revenue because of these difficulties.
What do you mean by the international market?Marketing goods or services to consumers outside of your brand's home market is known as international marketing. Consider it to be a form of international trade.
Brands may build a worldwide audience, raise their profile, and, of course, expand their business by entering international markets.
Export, licensing, franchising, joint ventures, and foreign direct investment are examples of several forms of international marketing. The goal of global marketing is to meet customer demands internationally.
Therefore, IBM's international market is any location where it operates outside the confines of the United States. The company's domestic market, which is the geographical area inside the boundaries of a company's home country, is conceptually opposed to an international market.
Therefore, Foreign exchange and political risks are the two main dangers that come with doing business internationally. It may occasionally be difficult for businesses to sustain steady and predictable revenue because of these difficulties.
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10 principles of economics
The 10 principles of economics were given by Gregory Mankiw.
These principles are:
People face tradeoffs: it means that to get one thing, one has to give up on another thing.The cost of Something is What You Give Up to Get It: it refers to the opportunity cost you incur on doing something else. Rational people think at the margin: considering the marginal cost of the product.People Respond to Incentives Trade Can Make Everyone Better Off: trading helps a country in being self-sufficient and enjoying more goods and services. Markets Are Usually a Good Way to Organize Economic Activity. Governments Can Sometimes Improve Economic Outcomes: Government can intervene to allocate resources efficiently.The Standard of Living Depends on a Country's Production: the standard of living increases as the consumption of goods and services, increases.Prices Rise When the Government Prints Too Much Money: when there's a lot of money flowing the market, it will increase the demand for goods which will increase the cost of goods, ultimately leading to inflation.Society Faces a Short-Run Tradeoff Between Inflation and Unemployment.Learn more about "Principles of economics":
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You are considering purchasing an item that is on sale. If you are not satisfied with the product, you may not return it for a refund. What type of cost does this represent?
a.) opportunity cost
b.) monetary cost
c.) sunk cost
d.) utility cost
You are thinking of buying an item that is on sale. If you are not satisfied with the product, you cannot return it for a refund. The kind of cost this represents is sunk cost. Option C is correct.
What is sunk cost?It corresponds to a cost that has already been incurred and which cannot be recovered, such as the costs of a company with wages, equipment and marketing, for example.
Therefore, it is essential that before making a purchase, the consumer pays attention to the post-purchase rules, to identify whether such a purchase incurs a sunk cost and how this could benefit or harm him financially.
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what are the two most common levels of education for Urban and Regional Planners? Select two options. master's degree associate degree some college, no degree bachelor’s degree
The two most common levels of education for Urban and Regional Planners are:
c. college degreee. bachelor’s degreeWhat is the role of Urban and Regional Planners?Basically, an urban & regional planning refers to the art and science of ordering land use development for the social, economic and political benefits of the population. Its involves a technical and political process that is focused on the development and design of land use and the built environment including air, water and the infrastructure passing into and out of urban areas such as transportation, communications, distribution networks, accessibility etc.
Most of the urban and regional planners develop a land use plans and programs that help create communities, accommodate population growth and revitalize physical facilities in towns, cities, counties, and metropolitan areas.
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Each time a sale is recorded, two journal entries are also recorded to account for estimated sales returns.
Answer:
The given statement is False
Explanation:
The sale is recorded at the time when the company sells is products and services to the customer and for that the journal entry is to be passed
Now if there is a return of goods that are sold by the company to the customers, the journal entry is to be recorded for sales returns
So the entry is recorded for that good only i.e. return
Therefore there is no need to record two entries
Hence, the given statement is false
All of the following indicate a possible pest infestation EXCEPT:
Dust underneath a storage shelf
Shredded paper towels in a corner of the dry storage area
Egg casings behind the refrigerator
Gnaw marks on a trash can
dust underneath a storage shelf
Statement that doesn't gives indication of pest infestation as regards this question is A: Dust underneath a storage shelf.
Pest infestation can be regarded as the presence of an unusually large number of insects in place They usually cause damage or disease and it is a result improper management of a place in an healthy way.Some of the activities that can cause this at home are Egg casings behind the refrigerator which can invite pest.Another one is Gnaw marks on a trash can.Therefore, option A is correct.
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chính sách chủng loại iphone
Answer:
Những chính sách gì?
Explanation:
Tất cả các loại trên trang web.