On December 31, 2020, Reagan Inc. signed a lease with Silver Leasing Co. for some equipment having a seven-year useful life. The lease payments are made by Reagan annually, beginning at signing date. Title does not transfer to the lessee, so the equipment will be returned to the lessor on December 31, 2026. There is no purchase option, and Reagan guarantees a residual value to the lessor on termination of the lease. Reagan's lease amortization schedule appears below:
Decrease in Outstanding
Dec. 31 Payments Interest Balance Balance
2020 $410,442
2020 $74,700 $74,700 335,742
2021 $74,700 $20,145 54,555 281,187
2022 $74,700 16,871 57,829 223,358
2023 $74,700 13,401 61,299 162,059
2024 $74,700 9,724 64,976 97,083
2025 $74,700 5,825 68,875 28,208
2026 $29,900 1,692 28,208 0
What is the amount of residual value guaranteed by Reagan to the lessor?
Answers
Answer: $29,900
Explanation:
Residual value guaranteed is the amount that the lessee promises to pay in the last year including the repayment and the interest payment.
= $28,208 + 1,692
= $29,900
Related Questions
This chapter is all about trade--imports and exports and the balance of payments.
Answers
Demonstrating the proper way to shake hands is an example of which choice?
a. teamwork
b. workplace etiquette
c. employee performance
d. work ethics
Answers
Answer:
A. Teamwork
Explanation:
when you do something right as a team you handshake as a thank you for helping me.
Answer:
employee performance
Explanation:
took the test
What is the most financially dangerous way to pay for college?
Scholarships
Cash
Credit cards
Federal student loans
Answers
Answer:
The most financially dangerous way to pay for college is Federal student loans since they have a large return rate. They are going to have to be paid back and most of the time you will pay more trying to pay off the loan than paying for the college.
Explanation:
Periodic inventory by three methods
The beginning inventory for Midnight Supplies and data on purchases and sales for a three-month period are shown below:
1> determine the inventory on march 31 for the period and COGS using FIFO
2. determine the inventory on march 31 for the period and COGS using LIFO
3. Determine the inventory on March 31 for the period and COGS using weighted avg unit (round nearest cent)
4. compare cross profit for the inventories
Answers
1. Merchandize inventory, March 31; 1,010, 625. Cost of Merchandize sold; 10, 891, 875.
2. LIFO, Ending Inventory = 881, 250. Cost of goods sold = 11, 021, 250
3. Weighted average, Ending inventory = 981, 000. Cost of goods sold = 10, 921, 500
4. FIFO LIFO Weighted Average
sales 19, 875, 000 19, 875, 000 19, 875, 000
Cost of goods 10, 891, 875 11, 021, 250 10, 921, 500
Gross profit 8, 983, 123 8, 853, 750 8, 953, 500
Inventory March 31, 1, 010, 625 881, 250 981, 000
How to calculate FIFO and LIFO?
To calculate LIFO (Last In, First Out) and FIFO (First In, First Out), Ending Inventory, and Cost of Goods Sold, you need to have information on the cost of goods, the quantity of goods sold, and the quantity of goods remaining in inventory.
Calculate the cost of goods sold (COGS) using LIFO method:
Identify the cost of the most recent purchases and multiply them by the number of units sold.
Add the cost of the previous purchases to the remaining inventory at the end of the period.
Which is 7500 x $75 + 3750 x $85 = 881, 250
Calculate the ending inventory:
For LIFO: The remaining inventory is the cost of the earliest purchases.
Which is 11902500 - 881250 = 11, 021, 250
To calculate the weighted average;
Ending inventory: $11,250 x 87.20 = 981 000
Cost of goods sold: $ 11902500 - 981000 = $10, 921, 500
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Suppose that 3 months ago you entered into an forward rate agreement, and that under the terms of the contract you will receive 7.2% per annum, with semiannual compounding, and pay LIBOR on a principal of $200 million for the period between time 1 year and time 1.5 years (from now). Suppose that the forward LIBOR rate for this period, with semiannual compounding, is 6.9% per annum. If the 1.5-year continuously compounded risk-free rate is 5.4%, what is the value of the forward rate agreement
Answers
For each transaction, indicate the impact each item had on income and the dollar amount of the change in income, if any. Input decreases to net income as negative values. Upon completion, compare the amount of income with the amount reported on the income statement.
Prepare journal entries to record the following merchandising transactions of Lowe’s, which uses the perpetual inventory system. (Hint: It will help to identify each receivable and payable; for example, record the purchase on August 1 in Accounts Payable—Aron.)
Aug. 1 Purchased merchandise from Aron Company for $7,500 under credit terms of 1/10, n/30, FOB destination, invoice dated August 1.
Aug. 5 Sold merchandise to Baird Corp. for $5,200 under credit terms of 2/10, n/60, FOB destination, invoice dated August 5. The merchandise had cost $4,000.
Aug. 8 Purchased merchandise from Waters Corporation for $5,400 under credit terms of 1/10, n/45, FOB shipping point, invoice dated August 8.
Aug. 9 Paid $125 cash for shipping charges related to the August 5 sale to Baird Corp.
Aug. 10 Baird returned merchandise from the August 5 sale that had cost Lowe’s $400 and was sold for $600. The merchandise was restored to inventory.
Aug. 12 After negotiations with Waters Corporation concerning problems with the purchases on August 8, Lowe’s received a credit memorandum from Waters granting a price reduction of $400 off the $5,400 of goods purchased.
Aug. 14 At Aron’s request, Lowe’s paid $200 cash for freight charges on the August 1 purchase, reducing the amount owed to Aron.
Aug. 15 Received balance due from Baird Corp. for the August 5 sale less the return on August 10.
Aug. 18 Paid the amount due Waters Corporation for the August 8 purchase less the price allowance from August 12.
Aug. 19 Sold merchandise to Tux Co. for $4,800 under credit terms of n/10, FOB shipping point, invoice dated August 19. The merchandise had cost $2,400.
Aug. 22 Tux requested a price reduction on the August 19 sale because the merchandise did not meet specifications. Lowe’s sent Tux a $500 credit memorandum toward the $4,800 invoice to resolve the issue.
Aug. 29 Received Tux’s cash payment for the amount due from the August 19 sale less the price allowance from August 22.
Aug. 30 Paid Aron Company the amount due from the August 1 purchase.
Answers
Answer:
Lowe Company
1. Impact on Income and the Dollar Amount:
Aug. 1 No impact
Aug. 5 +$5,200 - $4,000 = +$1,200
Aug. 8 No impact
Aug. 9 = -$125
Aug. 10 -$600 +$400 = -$200
Aug. 12 None
Aug. 14 None
Aug. 15 -$92
Aug. 18 +$50
Aug. 19 +$4,800 -$2,400 = $2,400
Aug. 22 -$500
Aug. 29 -$43
Aug. 30 None
Total = +$2,690
2. Journal Entries:
Aug. 1 Debit Inventory $7,500
Credit Accounts Payable (Aron Company) $7,500
Purchase of goods on credit terms of 1/10, n/30, FOB destination, invoice dated August 1.
Aug. 5 Debit Accounts Receivable (Baird Corp.) $5,200
Credit Sales Revenue $5,200
Sale of goods on credit terms of 2/10, n/60, FOB destination, invoice dated August 5.
Debit Cost of goods sold $4,000
Credit Inventory $4,000
Cost of goods sold.
Aug. 8 Debit Inventory $5,400
Credit Accounts Payable (Waters Corporation) $5,400
Purchase of goods on credit terms of 1/10, n/45, FOB shipping point, invoice dated August 8.
Aug. 9 Debit Freight-in $125
Credit Cash $125
Freight-in paid for cash.
Aug. 10 Debit Sales Returns $600
Credit Accounts Receivable (Baird Corp.) $600
Goods returned by a customer.
Debit Inventory $400
Credit Cost of goods sold $400
Cost of returned goods.
Aug. 12 Debit Accounts Payable (Waters Corporation) $400
Credit Inventory $400
Price reduction granted by Waters.
Aug. 14 Debit Accounts Payable (Aron) $200
Credit Cash $200
Part-payment to Aron on account.
Aug. 15 Debit Cash $4,508
Debit Cash Discounts $92
Credit Accounts Receivable (Baird Cop.) $4,600
Cash received on account.
Aug. 18 Debit Accounts Payable (Waters Corporation) $5,000
Credit Cash $4,950
Credit Cash Discounts $50
Cash payment on account.
Aug. 19 Debit Accounts Receivable (Tux Co.) $4,800
Credit Sales Revenue $4,800
Credit sales on terms of n/10, FOB shipping point, invoice dated August 19.
Debit Cost of goods sold $2,400
Credit Inventory $2,400
Cost of goods sold.
Aug. 22 Debit Sales Allowances $500
Credit Accounts Receivable (Tux Co.) $500
Sales allowances granted to Tux Co. on account.
Aug. 29 Debit Cash $4,257
Debit Cash Discounts $43
Credit Accounts Receivable (Tux Co.) $4,300
Aug. 30 Debit Accounts Payable (Aron Company) $7,300
Credit Cash $7,300
Cash payment on account.
Explanation:
a) Data and Analysis:
Aug. 1 Inventory $7,500 Accounts Payable (Aron Company) $7,500
credit terms of 1/10, n/30, FOB destination, invoice dated August 1.
Aug. 5 Accounts Receivable (Baird Corp.) $5,200 Sales Revenue $5,200
credit terms of 2/10, n/60, FOB destination, invoice dated August 5.
Cost of goods sold $4,000 Inventory $4,000
Aug. 8 Inventory $5,400 Accounts Payable (Waters Corporation) $5,400
credit terms of 1/10, n/45, FOB shipping point, invoice dated August 8.
Aug. 9 Freight-in $125 Cash $125
Aug. 10 Sales Returns $600 Accounts Receivable (Baird Corp.) $600
Inventory $400 Cost of goods sold $400
Aug. 12 Accounts Payable (Waters Corporation) $400 Inventory $400
Aug. 14 Accounts Payable (Aron) $200 Cash $200
Aug. 15 Cash $4,508 Cash Discounts $92 Accounts Receivable $4,600
Aug. 18 Accounts Payable (Waters Corporation) $5,000 Cash $4,950 Cash Discounts $50
Aug. 19 Accounts Receivable (Tux Co.) $4,800 Sales Revenue $4,800 credit terms of n/10, FOB shipping point, invoice dated August 19. Cost of goods sold $2,400 Inventory $2,400
Aug. 22 Sales Allowances $500 Accounts Receivable (Tux Co.) $500
Aug. 29 Cash $4,257 Cash Discounts $43 Accounts Receivable $4,300
Aug. 30 Accounts Payable (Aron Company) $7,300 Cash $7,300
In 2018. Ford Motor Company announced it would severely cut back in car production to focus on trucks and sport utility vehicles. For companies who supplied Ford with parts for traditional cars, this represented a__________ In the supplier's SWOT Analysis.
a) weakness
b) opportunity
c) situational selling problem
d) threat
e) strategic business promotion efficiency
Answers
Answer:
A threat
Explanation:
Since Ford is decreasing the amount of cars and they supply the car parts, they will see a decrease in the amount of car parts they can sell to ford. Which is a threat.
what is the author's main purpose in this article
Answers
The main purpose of the article is to talk about the fact that the companies were pushing to have better ways of having to deal with the people that work in their companies.
What is the main purpose of an article?This is the term that is used to refer to the central message that a given article is trying to pass. It is what the article is making a statement about. This particular article can be said to be more concerned with the ways that businesses have tpo treat the people that work in their organizations.
It talks about the concept of ethical dealings and fairness and all of the ways that they can focus on carrying out other responsibilities that are just beyond making profits in the businesses that they do.'
Hence we can say that The main purpose of the article is to talk about the fact that the companies were pushing to have better ways of having to deal with the people that work in their companies.
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Your budget is $200 the ink cartridge cost $25 plus tax how many can you buy
Answers
With a budget of $200 and the ink cartridge costing $25 plus tax, you can purchase 7 cartridges.
If your budget is $200 and the ink cartridge costs $25 plus tax, you need to calculate how many cartridges you can purchase within your budget. First, you need to know the amount of tax on the ink cartridge. The tax rate varies depending on where you live, so let's assume it is 10%. This means the total cost of the ink cartridge would be $27.50 ($25 + $2.50 tax).
Next, divide your budget by the total cost of one ink cartridge: $200 ÷ $27.50 = 7.27
This means you can purchase approximately 7 ink cartridges within your budget. However, since you cannot purchase a fraction of an ink cartridge, you can round down to 7 cartridges.
Therefore, with a budget of $200 and the ink cartridge costing $25 plus tax, you can purchase 7 cartridges. Keep in mind that this calculation assumes the tax rate is 10%, so your actual cost may differ depending on where you live.
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During 2022, its first year of operations as a delivery service, Flounder Corp. entered into the following transactions.
1. Issued shares of common stock to investors in exchange for $137,000 in cash.
2. Borrowed $55,000 by issuing bonds.
3. Purchased delivery trucks for $63,000 cash.
4. Received $18,000 from customers for services performed.
5. Purchased supplies for $6,600 on account.
6. Paid rent of $5,900.
7. Performed services on account for $10,700.
8. Paid salaries of $26,700.
9. Paid a dividend of $11,500 to shareholders.
Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders’ Equity in the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced, see Illustration 3-4 for example.)
Answers
Answer:
Flounder Corp.
The Effect of Each Transaction on the Accounting Equation:
1. Issued shares of common stock to investors in exchange for $137,000 in cash.
Assets (Cash +$137,000) = Liabilities + Equity (Common Stock +$137,000))
2. Borrowed $55,000 by issuing bonds.
Assets (Cash +$55,000) = Liabilities (Bonds Payable +$55,000) + Equity
3. Purchased delivery trucks for $63,000 cash.
Assets (Cash -$63,000; Trucks +$63,000) = Liabilities + Equity
4. Received $18,000 from customers for services performed.
Assets (Cash +$18,000) = Liabilities + Equity (Retained Earnings +$18,000)
5. Purchased supplies for $6,600 on account.
Assets (Supplies +$6,600) = Liabilities (Accounts Payable +$6,600) + Equity
6. Paid rent of $5,900.
Assets (Cash -$5,900) = Liabilities + Equity (Retained Earnings -$5,900)
7. Performed services on account for $10,700.
Assets (Accounts Receivable +$10,700) = Liabilities + Equity (Retained Earnings +$10,700)
8. Paid salaries of $26,700.
Assets (Cash -$26,700) = Liabilities + Equity (Retained Earnings -$26,700)
9. Paid a dividend of $11,500 to shareholders.
Assets (Cash -$11,500) = Liabilities + Equity (Retained Earnings -$11,500)
Explanation:
The accounting equation states that Assets = Liabilities + Equity. This equation is the basis of the double system of recording accounting transaction. It shows that assets are funded by either liabilities or equity or a combination of the two. With this equation, every transaction is recorded twice on either side of the equation or on one side, as the case may be. The equation is always in balance because transactions are entered twice.
Recall what you have learned about positive culture and business practices in this lesson. With an understanding that some things must change with Company X, discuss ways in which Company X can still focus on making changes but also focus on keeping positive culture practices while these changes
Answers
Answer:
In a positive culture environment, people are happy and feel valued. When people feel happy and valued, it makes it easy for management to garner their buy-in cooperation when changes need to be made within the business.
In a culture that is negative, people don't feel valued and as such are always after their own interest rather than that of the company. There is also a tendency to always be on the defensive side of any change that is about to come looking out for one's self rather than what is best for the collective good. In this case, staff are much likely to sabotage new initiatives and changes rather than work to actuate them.
The obverse is true for a business with a positive culture.
Explanation:
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Along any downward sloping straight-line demand curve: Group of answer choices both the price elasticity and slope are constant. both the price elasticity and slope vary. the price elasticity varies, but the slope is constant. the slope varies, but the price elasticity is constant.
Answers
Answer:
the price elasticity varies, but the slope is constant
Explanation:
The demand curve is a curve that shows the relationship between price and quantity demanded. The demand curve is negatively sloped because the higher the price, the lower the quantity demanded. This is in line with the law of demand.
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
At the midpoint of the demand curve, demand is usually unit elastic. Above the midpoint of the demand curve, demand is elastic and blow the midpoint, demand is inelastic
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.
The owner of a building supply company has requested a cash budget for June. After examining the records of the company, you find the following:
A. Cash balance on June 1 is $736.
B. Actual sales for April and May are as follows:
April May
Cash sales $10,000 $18,000
Credit sales 28,900 35,000
Total sales $38,900 $53,000
C. Credit sales are collected over a three-month period: 40% in the month of sale, 30% in the second month, and 20% in the third month. The sales collected in the third month are subject to a 2% late fee, which is paid by those customers in addition to what they owe. The remaining sales are uncollectible.
D. Inventory purchases average 64% of a month's total sales. Of those purchases, 20% are paid for in the month of purchase. The remaining 80% are paid for in the following month.
E. Salaries and wages total $11,750 per month, including a $4,500 salary paid to the owner.
F. Rent is $4,100 per month.
G. Taxes to be paid in June are $6,780.
The owner also tells you that he expects cash sales of $18,600 and credit sales of $54,000 for June. No minimum cash balance is required. The owner of the company doesn't have access to short-term loans.
Prepare a cash budget for June. Include supporting schedules for cash collections and cash payments. Round calculations and final answers to the nearest dollar.
Answers
Answer and Explanation:
The Preparation of the cash budget for June is prepared below:-
Cash Budget
For the month of June
Particulars Amount
Begining cash $736
Add:
Collections:
Cash sales $18,600
Credit sales
Current month $21,600 ($54,000 × 30%)
May credit $10,500 ($35,000 × 30%)
Credit sales of April $5,896 (explained in note 1)
Total cash available $57,332
Less: Disbursement
Purchase of inventory
Current month $9,293 (explained in note 2)
($46,464 × 20%)
Prior month $27,136 (explained in note 2)
($33,920 × 80%)
Salary $11,750 (explained in note 3)
Rent $4,100
Taxes $6,780
Need's total -$1,727
Excess for cash available
over needs
Note:-
1. Amount which is received in June is
= $28,900 × 20%
= $5,780
Late fees = $5,780 × 2%
= $116
June receipts is
= $5,780 + $116
= $5,896
2. Purchase of inventory is
= $53,000 × 64%
= $33,920
Total sales = Cash + Credit sales
= $72,600
Puchase of inventory = $72,600 × 64%
= $46,464
3. Entirely amount is taken of salaries and wages if it paid or not.
Comprehensive auto insurance would be most useful to a person who:
A. has to spend time in the hospital.
B. owns a business where a pedestrian is hurt.
C. loses their job and cannot pay bills.
D. has a car stolen while on vacation.
Answers
Answer:
D has a car stolen while on vacation
Explanation:
Comprehensive policy covers damage to the car due to accidents, car theft, losses to a third party, damage to the car due to natural damages, personal injuries or death caused in an accident, damages caused in a fire. Comprehensive car coverage is full coverage.
Comprehensive auto insurance would be most useful to a person who
has a car stolen while on vacation. Hence, option D is correct.
What is comprehensive insurance?A comprehensive policy covers damage to the car resulting from collisions, theft, losses to third parties, natural disasters, accidents resulting in physical injury or death, and fire damage. Full coverage is comprehensive auto insurance.
Thus, option D is correct.
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Questions for Critical Thinking
1. Do you think Quirky’s basic business model is sound and fair? If you could suggest any changes, what would they be?
2. To what degree does Quirky’s business reflect the attributes of a sound business idea as described in Chapter 2?
3. In what other product areas would Quirky’s business model work the best?
4. Think of the challenges in your own life that might represent a product idea for Quirky. If you don’t think of something right away, don’t give up. All of us encounter problems and challenges in our everyday lives that might represent the basis of a promising idea. Be prepared to describe to others one of the challenges or problems you encounter and how a solution to the problem could be fashioned into a product idea to submit to Quirky.
Answers
Critical thinking questions1. Do you think Quirky’s basic business model is sound and fair? If you could suggest any changes, what would they be? Quirky’s basic business model is sound and fair because they involve the public in developing products by taking ideas from people and turning them into products, splitting the profits from the product sales with the inventor, and also collaborating with the inventor from the start of the idea to its final product.
However, there are a few changes I would suggest. First, the public could have more control over which product idea is to be developed into a product. Second, the company could offer more compensation to the inventor, especially if the product becomes a commercial success.2.
To what degree does Quirky’s business reflect the attributes of a sound business idea as described in Chapter 2?Quirky’s business idea reflects the attributes of a sound business as described in Chapter 2 of the text, including the following attributes:
Quirky is innovative in its business model, as it involves the public in developing products.Quirky has a good system of assessing the market’s demand for each product idea.
Quirky has a flexible business model, as it is able to adapt to changes in the market.3. In what other product areas would Quirky’s business model work the best?
Quirky’s business model could work well in a number of other product areas, including Home improvement and do-it-yourself (DIY) products;
Fashion and clothing; Outdoor gear and accessories; Personal care and hygiene; Consumer electronics.4. Think of the challenges in your own life that might represent a product idea for Quirky. If you don’t think of something right away, don’t give up.
All of us encounter problems and challenges in our everyday lives that might represent the basis of a promising idea. Be prepared to describe to others one of the challenges or problems you encounter and how a solution to the problem could be fashioned into a product idea to submit to Quirky.
One of the challenges I have encountered is the issue of losing small items such as keys, earrings, and others. A solution to this challenge could be fashioned into a product idea by developing a small, inexpensive device that could be attached to small items.
The device would emit a signal that would be detected by an app on the user’s phone if the item were lost. This could be developed into a product idea and submitted to Quirky for further development.
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whan deciding how to invest your money which of the following is least important to know
Answers
When deciding how to invest your money, it's essential to consider several factors such as risk tolerance, investment goals, and time horizon.
However, the least important factor to know is probably the short-term market fluctuations.
Short-term market fluctuations refer to the daily ups and downs in the stock market or other investment platforms. While it can be tempting to focus on these fluctuations, they are generally not indicative of long-term performance and can lead to emotional, impulsive decisions that may not align with your investment strategy. Instead, it's more important to focus on factors that contribute to long-term growth and stability.
A sound investment strategy takes into account your risk tolerance, which is your ability and willingness to withstand potential losses. Additionally, clearly defined investment goals help you create a tailored plan that considers your specific objectives, such as saving for retirement or funding a child's education. Your time horizon, or the length of time you plan to invest, also plays a significant role in determining suitable investment options.
By prioritizing long-term factors like risk tolerance, investment goals, and time horizon, you can make more informed decisions that will ultimately lead to better financial outcomes. Remember that short-term market fluctuations can be distracting and are less important in the grand scheme of your investment journey.
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The dictator of a small country restricts the price of cars to an amount less than or equal to $1,200 (a price below the equilibrium price for cars). Such a policy would set a:
Answers
The policy that can be brought about by the action of the dictator is a price ceiling.
What is price ceiling?Price ceiling simply means when the government decides the maximum price of a good.
In this case, when the dictator of a small country restricts the price of cars to an amount less than or equal to $1,200 which is a price below the equilibrium price for cars, the policy would set a price ceiling.
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in the short run, which of the following firms should attempt to produce where average costs are at a minimum in order to maximize profits or minimize losses?
a. perfectly competitive firm
b. a monopolistically competitive firm
c. an oligopoly
d. a monopoly
e. none of the above
Answers
Answer: A perfectly competitive firm
Explanation:
Which phase of the economic cycle is characterized by prosperity?
O Contraction
O Peak
O Trough
O Recession
Answers
Answer:
peak
Explanation:
Assume that a properties CAM expense is 30,000 per year and 60% fixed. The occupancy is 70%.
Answers
$30000 value should be entered in the Amount 1 field in the Operating tab.
What is CAM expense?Common Area Maintenance charges, or CAM for short, are one of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property. A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property. Each tenant pays their pro rata share of a property's total CAM charges, which prorated share is the percentage of the tenant's rented square footage of the total, rentable square footage of the property. A common example of a CAM item is the cost of cleaning the walkways in a shopping mall.
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are the core processes that make up the value
Stream Examples include purchasing, production and/or service, marketing
and sales. Drag the correct answer to the box
Operational processes
Usper-management processes
Supporting processes
Submit answer
Answers
Answer:
Operational processes
Production and or Service
Upper-management processes
Purchasing
Supporting processes
Marketing and Sales
Explanation:
There are many types of processes in an organisation few of them are given in the question and the answers to them are provided.
The correct answers are given as follows
The correct answer is provided after the type of process
Operational processes
Production and or Service
Upper-management processes
Purchasing
Supporting processes
Marketing and Sales
You are an outside project management professional who has been hired by Mainstreet to lead its new Wingra Point Live Work development. You are given an approved vendor list and access to the shared drive containing project templates. You are also introduced to the company’s standard processes and procedures and the submission and approval protocols. What type of project inputs do these elements represent? Project collateral Operational Process Assets (OPAs) EEFs Enterprise assets
Answers
These elements represent organizational process assets, which are documents, reports, and plans that are developed within an organization and used to guide project decisions and activities.
What type of project inputs do these elements represent?Generally, Project management is the process of leading a team to achieve specific goals and objectives within a defined timeline and budget. It involves defining project scope, setting goals and milestones, identifying tasks and responsibilities, tracking progress, and making adjustments as needed to ensure successful completion. Key skills in project management include leadership, organization, communication, problem-solving, and time management.
These assets include policies, procedures, guidelines, templates, and historical information that can be used to inform project management decisions and activities.
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Talk to a 55-year-old (or older) business professional nearing retirement. This person can be a family member, friend, or mentor. List and describe the savings, investments, and risk management strategies for this phase of life. Describe how financial planning has changed from the earlier phase of life.
Answers
Answer:
The financial planning will differ for the person according to their age. A person who is 50 years older would have money only from his savings. The 55 year old person is retired and would only have money available for living from the saving he had made while he was working. He will not have any other source of income.
Explanation:
The risk management officer should consider the investments by considering his available savings. He should also consider the money required for living as there is no other source of income. The risk appetite for such an old aged individual will be low. He must be risk averse in the situation of retirement. The financial planning strategies changes for the person over the different phases of life. When a person is young and starts the job at age of 25 he might take excessive risks for getting extra returns. He is young and energetic, has ability to work part time along with his routine job to earn extra money.
On June 1, the company collected $16,800 cash, which is for services to be performed over the next 12 months. For the following two separate cases, prepare the adjusting entry and determine the balance of Deferred Service Revenue at year-end. Case A: $16,800 was credited to Service Revenue during the year. Case B: $16,800 was credited to Deferred Service Revenue during the year.
Answers
The preparation of the adjusting entry and the determination of the balance of the Deferred Service Revenue at year-end are as follows:
Case A Adjusting Entry:Debit Service Revenue $7,000
Credit Deferred Service Revenue $7,000
To record the deferred revenue for next year.Case B Adjusting Entry:Debit Deferred Service Revenue $9,800
Credit Service Revenue $9,800
To record the service revenue for the year.Transaction Analysis:Case A: $16,800 was credited to Service Revenue during the year.
Service Revenue $7,000 Deferred Service Revenue $7,000 ($16,800 x 5/12)
June 1 to December 31 = 7 months; (12 - 7 = 5 months)
Case B: $16,800 was credited to Deferred Service Revenue during the year.
Deferred Service Revenue $9,800 Service Revenue $9,800 ($16,800 x 7/12)
Thus, Case A emphasized that the cash receipt of $16,800 was credited to Service Revenue, the adjustment is to Deferred Service Revenue, and vice versa for Case B.
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how does creating a data table help you organize and communicate important aspects of your data
Answers
Answer:
A data table helps you organize structured data and allows sorting of the table by column or content. This table is ideal for nonchronological information such as majors lists, offices or department lists, or lists of links to documents.
Explanation:
Answer:
A table helps you recognize the relationships among data and evaluate the data more effectively. Tables can be organized in many different ways, depending on what relationships you wish to examine. Tables can be a first step toward more complex ways of organizing data, such as charts or graphs.
You answer a call from a customer who
asks to speak to a
immediately
manager or someone higher up.
What would you do?
Answers
What you should do when answering a call from a customer who asks to speak with a manager or someone higher up right away is try to understand the situation to see if you can resolve it yourself.
How to provide quality service?It is necessary to always be attentive to the customer's needs, helping them in the process before and after the purchase, in addition to explaining the services and products, being kind, cordial and ethical.
Therefore, the best way to deal with customers is through ethics, patience and dedication to solving the problem.
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Funds that banks lend to borrowers come from
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Which pricing approach for a restaurant would have the greatest risk of adverse selection due to buyers having private information?
A. Offering small- and large-plate versions of each entrée with different prices.
B. Pricing each menu item based on its cost of production.
C. Charging a price per ounce and weighing each plate.
D. Offering a set price all-you-can-eat buffet.
Answers
3. The pricing approach that would have the greatest risk of adverse selection due to buyers having private information is Charging a price per ounce and weighing each plate.
What is a pricing approach?There are three general approaches to pricing; Cost-Based Approach to Pricing (cost-plus pricing, break analysis, and target profit pricing). Customer-Based Pricing Strategy (perceived-value pricing). Competitive Pricing Strategy (going-rate and sealed bid pricing).
To remain competitive in marketplaces under rising volume and price pressure, the proper pricing strategy is crucial. It gives you the compensation you are due for the goods and services you provide and ensures the earnings you need to make investments in change and expansion.
Perhaps the most significant pricing tactic of all is value pricing. This considers how valuable, important, and beneficial your customers consider your goods or services to be. Cost-focused—the most typical strategy. Demand-driven—takes consumer demand into consideration when setting prices.
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The night manager of Dixie Transportation Service, who had no accounting background, preparcd
the following balance sheet for the company at February 28, 2009.The dollar amounts were taken
directly from the company's accounting records and are correct. However, the balance shect con-tains a number of errors in its headings, format, and the classification of assets, liabilities, and owners equity.
Answers
To create an accurate and informative balance sheet, the night manager of Dixie Transportation Service should correct the headings, reformat the statement to present assets, liabilities, and owner's equity vertically, and classify the items correctly according to their nature and duration.
The provided balance sheet contains several errors in its headings, format, and classification of assets, liabilities, and owner's equity.
The balance sheet is a financial statement that reports a company's financial position at a specific point in time. However, the given balance sheet has a number of issues that need to be addressed.
Firstly, the balance sheet lacks proper headings, such as the company name, date, and the title "Balance Sheet." These headings are essential to provide context and clarity to the financial statement.
Secondly, the format of the balance sheet needs improvement. Assets, liabilities, and owner's equity should be presented in a vertical format, with assets listed first, followed by liabilities and owner's equity. The current presentation mixes these categories, making it difficult to distinguish between them.
Thirdly, the classification of assets, liabilities, and owner's equity is incorrect. The balance sheet fails to differentiate between current and non-current assets and liabilities.
Moreover, it does not provide separate categories for long-term liabilities and owner's equity components like common stock and retained earnings.
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A bank receives a deposit for $50,000. If the bank has a 10 percent reserve
requirement, approximately how much money could this initial deposit
eventually add to the economy?
Answers
Answer:
$500,000
Explanation:
ap ex
A bank having a 10 percent reserve requirement will add $500,000 to the economy on receiving $50,000 as a initial deposit.
Reserve requirements are the sums of money that a bank must have in reserve in order to cover liabilities in the event of an unexpected withdrawal. Reserve requirements are a technique used by the central bank to influence interest rates by increasing or decreasing the money supply in the economy.
According to the question, reserve requirement is 10%, and the initial deposit is $50,000.
Therefore, $50,000+$50,000×10/100 will result in the money that could be added to the economy, which is $500,000.
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