t 3 Lab Learning Activity
K
Marcus Richardson
HW Score: 0%, 0 of 4 points
O Points: 0 of 1
11/03/22 7:32 PM
Question 1, P4-4 (similar to)
(Related to Checkpoint 4.1) (Liquidity analysis) Airspot Motors, Inc. has $2,505,600 in current assets and $864,000 in current liabilities. The company's managers want to
increase the firm's inventory, which will be financed using short-term debt. How much can the firm increase its inventory without its current ratio falling below 2.1

No Entry is required for the Supplies, Unearned Service Revenue, and Prepaid Rent accounts since their balances have been adjusted through the adjusting entries above.

To record the required adjusting entries related to the events mentioned, we need to consider the changes in the account balances and adjust them accordingly. Here are the adjusting entries for Sheridan Exposure Inc.:

Supplies:

Debit: Supplies Expense ($4,300 - $960) = $3,340

Credit: Supplies ($4,300 - $960) = $3,340

Explanation: The supplies on hand decreased by $960, indicating that $960 worth of supplies were used during the period. Therefore, we need to recognize the expense by debiting Supplies Expense and reduce the Supplies account balance with a credit.

Unearned Service Revenue:

Debit: Unearned Service Revenue ($9,250 - $4,100) = $5,150

Credit: Service Revenue ($9,250 - $4,100) = $5,150

Explanation: Services worth $4,100 were performed, reducing the unearned service revenue. We need to recognize the revenue by debiting the Unearned Service Revenue account and crediting the Service Revenue account.

Prepaid Rent:

Debit: Rent Expense ($40)

Credit: Prepaid Rent ($40)

Explanation: One month's worth of rent, amounting to $40, has been consumed. We need to recognize the expense by debiting Rent Expense and reduce the Prepaid Rent account balance with a credit.

For more such questions on accounts visit:

https://brainly.com/question/28326305

#SPJ8

The situation of Django Unchained's release in China after a month tuning out to be a poor-performing one, mainly because of the fact disadvantage of global access when competing globally.

Global competition can be referred to or considered  as a situation wherein a firm or an organization has a direct competition with the other players in the industry on a global scale. Liberalization leads to be an advantage for global competition, but not in all cases.

One of the main disadvantages that liberalization that global competition brings is the one of eased global access. This also led to failure of the film Django Unchained in China, which released a month in the country a month after its global release.

Therefore, the significance of global competition has been aforementioned.

Learn more about global competition here:

https://brainly.com/question/14746948

#SPJ2

Answer:

B.

Prioritize and make a budget.

1) Country can get lots of foreign currency as the remittance which can be used to establish industries in the country. Such industries provide job opportunities in the country. 2) People who go overseas to work can learn different skills and technologies which can be beneficial for the development of our own country.

Explanation:

1 ft = 12 in

so, from 1 inch to 12 inches (1 ft) we have the scale factor 12.

from 1 ft to 2 ft we have an additional factor 2.

so, in total we have the scaling factor 2×12 = 24.

6 in × 5 in on the blueprint is then

6×24 × 5×24 = 144 in × 120 in = 12 ft × 10 ft

in reality.

Technical efficiency refers to the ability to produce the maximum output from a given set of inputs or resources. It focuses on the production process and achieving the highest output level with the least amount of resources wasted. Technical efficiency emphasizes optimizing the production process to minimize costs and maximize productivity.

Allocative efficiency, on the other hand, relates to the allocation of resources in a way that maximizes overall social welfare. It refers to the ideal allocation of resources that matches consumers' preferences and demands. Allocative efficiency ensures that resources are allocated so that goods and services align with consumer preferences. This results in the best outcome for society.

When comparing an ideal market structure with a monopoly in terms of efficiency, there are significant differences. In an ideal market structure, characterized by complete competition, both technical and allocative efficiency is typically achieved. Many buyers and sellers exist, information is freely available, and no single entity controls the market. Competition drives firms to produce at the lowest cost and offer goods and services that match consumer preferences, leading to technical and economic efficiency.

In contrast, a monopoly represents a market structure where a single firm dominates the industry and has substantial market power. In terms of technical efficiency, a monopoly may not necessarily achieve the same level as a perfectly competitive market. Due to the lack of competition, a monopoly may not have the same incentive to minimize costs or innovate as efficiently as possible. This can result in higher production costs and lower technical efficiency.

Regarding allocation efficiency, monopolies often fail. Without competition, a monopolistic firm can set prices higher than the marginal cost of production, resulting in a suboptimal allocation of resources. The monopolist may prioritize maximizing profits rather than satisfying consumer preferences. This leads to a less efficient allocation of resources than in a perfectly competitive market.

Overall, an ideal market structure exhibits higher levels of technical and allocative efficiency than a monopoly. When true competition promotes resource optimization and consumer satisfaction, resulting in more efficient resource allocation.

Answer:

which language is it............??

'Developmental programs improve conceptual skills of managers for the future job' is true. The right answer is a.

The goals and content of training and development are different from one another. While "development" refers to a long-term method through which managerial personnel understand conceptual and theoretical knowledge for broad reasons, "training" is a short-term process through which non-managerial personnel acquire technical knowledge and skills for a specific purpose.

Development covers the process through which managers and executives build capacity for both future managing roles as well as skills and competence for their current ones.

The correct answer is option a.

Know more about conceptual skills here

https://brainly.com/question/30691677

#SPJ1

When choosing a supplier of raw materials for operations, it's important to consider a variety of factors to ensure that you're making the best decision for your business. The factors are  Quality, Price, Delivery time and reliability.

Below are three of such factors to consider:

For more such questions on supplier

https://brainly.com/question/14885967

#SPJ8

Adopt written guidelines and regulations maintain audio recordings of all discussions, employ a legal team, and get liability insurance.

A brokerage offers middleman services in a variety of contexts, including investing, borrowing money, and buying real estate. A counselor is a facilitator who really arranges a sale between a firm and its customers. A reseller could be either an people or a business.

On behalf of the clients, such brokerage business sells and purchases stock, bonds, options, and many other financial goods. To combine resources and provide the finest service, a lot of brokerages employ lone brokers. Additionally, a lot of businesses which provide financial products include brokerage houses within their range of offerings.

To know more about Brokerage visit:

https://brainly.com/question/27974913

#SPJ4

Answer:

The difference between your assets and your liabilities is known as either your profit or loss.

Answer:

assets are things that you might need, or are more important. Liabilities are things that are extra.

Explanation:

Providing notice before leaving a company voluntarily is a common practice that benefits both the employee and the organization by facilitating a smooth transition, knowledge transfer, maintaining professional relationships, and preserving one's professional reputation.

An employee who voluntarily leaves a company is generally expected to provide a certain amount of notice before their departure. This notice period serves several purposes:

1-Smooth transition: Providing notice allows the company to plan and make necessary arrangements for the employee's departure. It provides an opportunity to allocate tasks, reassign responsibilities, and ensure a smooth transition of work to other team members. This minimizes disruptions to ongoing projects and helps maintain productivity.

2-Knowledge transfer: During the notice period, the departing employee can transfer their knowledge, expertise, and important information to colleagues or a successor. This helps ensure that critical work-related information is not lost and facilitates the continuity of operations.

.3-Reputation and references: Leaving a company on good terms by providing notice enhances an employee's professional reputation. It increases the likelihood of receiving positive references for future employment opportunities and helps maintain a positive network within the industry

4-Professional courtesy: Giving notice is considered a professional courtesy and demonstrates respect for the employer and colleagues. It allows the company to make appropriate arrangements, such as hiring a replacement or adjusting workloads, and helps maintain positive relationships with former colleagues and supervisors.

for more questions on notice
https://brainly.com/question/13142281
#SPJ11

Answer:

fr

Explanation:

The final option is the best choice because Your employer mandates that employees purchase their own safety gear.

A situation where workers are immediately at risk of serious physical harm or death is OSHA's top priority for inspection. Any fatality, catastrophe, or accident requiring the hospitalisation of three or more employees receives second priority.

The Occupational Safety and Health Administration (OSHA) was established by Congress with the Occupational Safety and Health Act of 1970 to ensure that workers have safe and healthy working conditions by establishing and enforcing standards as well as by offering outreach, education, and assistance.

to know about osha visit:

https://brainly.com/question/29345131

#SPJ1

The focus of the company's housing projects is to provide affordable and sustainable housing solutions.

The focus of the company's housing projects is to address the global issue of housing affordability and sustainability. The company aims to provide cost-effective and eco-friendly housing solutions that cater to the needs of different income groups. They use sustainable building materials and technologies that reduce energy consumption, minimize waste, and lower carbon emissions.

In addition, the company works with local communities to understand their housing requirements and preferences, and designs housing projects that align with their needs. Overall, the company's focus on affordable and sustainable housing solutions contributes to the social, economic, and environmental well-being of the communities they serve.

To know more about housing projects, here

https://brainly.com/question/2620058

#SPJ1

--The complete question is, What is the focus of the company's housing projects?--

No independent regulatory body is represented by the Consumer Product Safety Commission (CPSC).

The object being sold is referred to as a product. A service or an object both qualify as products. It could take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that can be charged.

A safe product is one that, while taking into account the regular or reasonably anticipated usage of the product and the requirement to maintain a high degree of protection for consumers, offers either no risk or a minimum tolerable level of risk.

The Consumer Product Safety Commission (CPSC) protects the public from unreasonable risks of serious injury or death from thousands of types of consumer products under its jurisdiction, including products that pose a fire, electrical, chemical, or mechanical hazard or can injure .

Therefore, Thus option (D) is correct.

Learn more about products here.

brainly.com/question/22852400

#SPJ1

Answer:

30 days

And, under the Fair Credit Reporting Act (FCRA), bureaus generally have 30 days to investigate the dispute and remove any items proven to be inaccurate.

Explanation:

There

Answer:

a high need for achievement

Explanation:

A team can be defined as a group of people or set of individuals with various skill set, knowledge and experience coming together to work on a project or task in order to successfully achieve a set goal and objective.

This ultimately implies that, a team comprises of individuals, workers or employees having complementary skills, knowledge and experience needed to execute a project or task successfully. Therefore, workers working as a team usually interact with the other team members and as a result, this enhances performance and strengthen the level of relationship they share.

High-performing teams include members who typically hold a high need for achievement.

Hence, teams that perform exceptionally and excellently are usually made up of members that are keen on adding more feathers to their coat i.e they have a great urge or desire to reach greater heights and milestones.

Answer:

The answer is below

Explanation:

The Federal Reserve System Board of Governors is one of the five branches of the Federal Reserve System. Their roles involve carrying out the analysis of economic data, executing supervision of Reserve Banks, establishing and overseeing financial regulations.

The board comprises seven members with 14-year terms. They also partake in the Federal Open Market Committee and as well liaising with leaders in other parts of the government.

Answer:

Communicates with government leaders.

Explanation:

The Federal reserve only worries about banks and money, they do not go out of their way to communicate with leaders.

Also, I took the test and got the question right.

The break-even sales for the current year are 32.04 million barrels, rounded to two decimal places.

First, we need to calculate the total fixed costs for the current year

Fixed costs = Total costs - (Variable costs + Cost of goods sold x Variable cost % + Marketing, general, and admin. expenses x Variable cost %)

Fixed costs = $6,512 million - ($1,628 million + $1,221 million + $296 million)

Fixed costs = $3,367 million

Next, we can calculate the contribution margin per barrel:

Contribution margin per barrel = Price per barrel - Variable cost per barrel

We don't have the price per barrel, but we can use the gross profit and the number of barrels sold to calculate the average gross profit per barrel

Average gross profit per barrel = Gross profit / Barrels sold

Average gross profit per barrel = $4,884 million / 37 million barrels

Average gross profit per barrel = $132 per barrel

Assuming variable costs per barrel remain constant, we can use the variable cost % to calculate the variable cost per barrel

Variable cost per barrel = Cost of goods sold x Variable cost % / Barrels sold + Marketing, general, and admin. expenses x Variable cost % / Barrels sold

Variable cost per barrel = $1,628 million x 75% / 37 million barrels + $592 million x 50% / 37 million barrels

Variable cost per barrel = $27.03 per barrel

Therefore, the contribution margin per barrel is

Contribution margin per barrel = $132 - $27.03

Contribution margin per barrel = $104.97

Finally, we can calculate the break-even sales in barrels for the current year

Break-even sales (in barrels) = Fixed costs / Contribution margin per barrel

Break-even sales (in barrels) = $3,367 million / $104.97 per barrel

Break-even sales (in barrels) = 32.04 million barrels

To know more about break-even sales here

https://brainly.com/question/31649579

#SPJ1

The complete statement is "The food handler's major responsibility for keeping all dishes and utensils sanitary"

Generally, A person is considered to be a food handler if they directly touch food, whether it be packaged or unpackaged, as well as the apparatus and utensils used to make or serve food, and/or the surfaces where food is prepared or served.

In conclusion, The whole statement reads as follows: "The food handler has the primary responsibility for maintaining the cleanliness of all dishes and utensils."

Read more about food handler

https://brainly.com/question/14139793

#SPJ1

1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.

Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.

This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.

In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.

For more such questions on opportunity costs

https://brainly.com/question/30191275

#SPJ8

The inflation rate is 10%, which can be computed the second answer is -1.8%. third outcome called deflation.

a) The formula to CPI is

\(CPI= \frac{current CPI-past CPI}{past CPI}\)

\(CPI= \frac{121-110}{110}\)

CPI= 0.1 or 10%

b) \(CPI= \frac{current CPI-past CPI}{past CPI}\)

\(CPI= \frac{108-110}{110}\)

CPI= -0.18%

A decrease in the economy's overall price level is referred to as deflation, whereas a temporary slowdown in price inflation is known as disinflation. A decrease in the money supply, reductions in government and consumer expenditure, and reductions in corporate investment can all contribute to deflation, which is bad for an economy.

A progressive drop in consumer prices for products and services is known as price deflation. This is frequently brought on by the deflationary gap, also referred to as the demand gap, which is characterized by high supply and low demand. Consumers and businesses hold on to their money rather than spending it because they anticipate a decrease in pricing.

To know about consumer price index visit:

brainly.com/question/3870930

#SPJ1

If Estate has an ROI of 16% based on revenues of $400,000. the residual income is $14,000 and the investment turnover is 2. The hurdle rate is 9%.

First step is to find the investment turnover using this formula

Investment turnover=Sales/invested capital

Investment turnover = ($14,000 / $400,000) × 2

Investment turnover = 0.035 × 2

Investment turnover =0.07

Second step is to find the hurdle rate using this formula

Hurdle rate = ROI - Investment turnover

Hurdle rate = 0.16 - 0.07

Hurdle rate = 0.09× 100

Hurdle rate = 9%

Therefore the hurdle rate is 9%.

Learn more about hurdle rate here:https://brainly.com/question/29570213?

#SPJ1

Contractionary fiscal policy, is the fiscal policy which actions used to stabilize the economy in times of inflation .

What is meant by Fiscal policy ?

The use of taxation and expenditure by the government to affect the economy is known as fiscal policy. Fiscal policy is often used by governments to encourage robust, long-term growth and to lower poverty. During the recent global economic crisis, when governments intervened to stabilize financial institutions, spur development, and lessen the impact of the crisis on vulnerable individuals, the function and goals of fiscal policy rose to prominence.

Monetary policy and fiscal policy are the two major instruments available to policymakers when they want to affect the economy. The money supply is influenced by changes in interest rates, bank reserve requirements, the buying and selling of government securities, and foreign exchange, all of which are indirectly targeted by central banks. Governments affect the economy via altering tax rates and kinds, spending amounts and types, and borrowing amounts and types.

To learn more about Fiscal policy checkout the link below :

https://brainly.com/question/6583917

#SPJ1

The market value of stock is the price at which a share of stock trades in the public market. Stocks can be traded on a stock exchange, such as the New York Stock Exchange, or over the counter through a network of dealers. The market value of stock measures the collective expectations of investors about a company’s future performance and is watched closely by investors, analysts and companies.

Answer:

Concentration strategy and multi- segment strategy.

Explanation:

Answer:

Long-term Receivables: Other Assets

Accumulated Amortization: Intangible Assets

Current maturities of long-term debt: Current Liabilities

Notes payable (short-term): Current Liabilities

Accrued payroll taxes: Current Liabilities

Leasehold improvements: Property, Plant and Equipment

Retained earnings appropriated for plant expansion: Retained Earnings

Machinery: Property, Plant and Equipment

Donated capital: Contributed Capital

Short-term investments: Current Assets

Deferred tax liability (long-term): Long-term Liabilities

Allowance for uncollectible accounts: Current Assets

Premium on bonds payable: Long-term Liabilities

inventory: Current Assets

Additional paid-in capital: Contributed Capital

The following classification scheme typically is used in the preparation of a balance sheet is Current assets. (a)

In accounting, a current asset is any asset which can reasonably be expected to be sold, consumed, or exhausted through the normal operations of a business within the current fiscal year or operating cycle or financial year.

In information science and ontology, a classification scheme is the product of arranging things into kinds of things or into groups of classes.

In financial accounting, a balance sheet is a summary of the financial balances of an individual or organization.

To learn more about Current Assets and Balance Sheet refer

https://brainly.com/question/19552006

#SPJ2

Answer:

How to make a decision

Here are some steps you can take to help you make a decision that involves your career:

Identify and investigate the decision.

Set aside time to think.

Consider your options.

Remember your values.

Ask for a different perspective.

Evaluate your plan.

Explanation: