Answer: Three Ways to Stop a Creditor from Filing for a Judgement against...
Arrange a Repayment Plan. One option you have for stopping a judgement against you is to speak to the creditor before they file any court documents. ...
Dispute the Debt. ...
File for Bankruptcy.
Explanation:
Imagine that I start a bar in Clemson. Each year I order $200,000 worth of food, beer and drink which is turned around and sold to customers. I also hire part-time staff, where the combined annual wages add up to $100,000. I also pay rent on my building which is $100,000 a year. Assume these are my only expenses. My bar is unusually successful and I generate $1,000,000 in revenue. How much does my bar contribute to GDP? (Hint: Think about using the national spending approach or the factor income approach. One is easier to use than the other)
a) $1,000,000
b) $1,300,000
c) $1,400,000
d) $1,200,000
Answer:
The correct option is a) $1,000,000.
Explanation:
Under factor income approach contribution to gross domestic product (GDP) is calculated by adding up wages, rent, interest, and profit.
Using the factor factor income approach, contribution to GDP can be determined as follows:
Purchases = $200,000
Wages = $100,000
Rent on building = $100,000
Expenses = Wages + Rent on building = $100,000 + $100,000 = $200,000
Revenue = $1,000,000
Profit = Revenue - Purchases - Expenses = $1,000,000 - $200,000 - $200,000 = $600,000
Contribution to GDP = Wages + Rent on building + Profit = $200,000 + $200,000 + $600,000 = $1,000,000
This implies that your bar contributes $1,000,000 to GDP. Therefore, the correct option is a) $1,000,000.
The CPI is at a fifteen year high, which policy should be enacted
At the point when the CPI or expansion is at a significant level, policymakers frequently consider carrying out contractionary money related or financial strategies to assist with relieving inflationary tensions. The following are a couple of strategy choices that could be thought of: Money related Policy: Fiscal Policy: Supply-side Policies: and Pay and Value Controls:
Strategy is a conscious arrangement of rules to direct choices and accomplish sane results. A strategy is an assertion of policymakers and is executed as a methodology or convention. Strategies are for the most part taken on by an administration body inside an association.
Approaches can aid both abstract and objective independent direction. Strategies utilized in emotional direction for the most part help senior administration with choices that should be founded on the overall benefits of various variables, and accordingly, are frequently difficult to test dispassionately, for example balance between serious and fun activities strategy..
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If marginal utility is rising, then total utility is also rising.
true or false?
If marginal utility is falling, then total utility must be falling.
true or false?
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TRUETRUEThanksHope it helps :).If marginal utility is rising, then total utility is also rising. This statement is true.
If marginal utility is falling, then the total utility must be falling. This statement is true.
Marginal utility, which gauges the added pleasure derived from the use of a good or service, works hand in glove with total utility. The total utility will rise as long as the marginal utility is positive. The total utility will decline once marginal utility turns negative.
The satisfaction consumer experiences with each additional unit they consume can be used to explain the marginal utility. In other words, it is the difference between the usefulness of the good or service as a whole and each additional unit that a consumer uses.
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3. Using the TGT Quarterly Sales (Target Corp.) data:
a. Fit a regression model with a time trend and seasonal dummy variables to the sales data.
b. Is the time trend coefficient statistically significant? How can you tell?
c. Are the seasonal dummy variables statistically significant? How can you tell?
b) all variables are significant as their p-value is less than 0.05
How to solveuse =IF((MOD(C2,4)=1),1,0) for Q1
=IF((MOD(C2,4)=2),1,0) for Q2
=IF((MOD(C2,4)=3),1,0) for Q3
Sales Period Q1 Q2 Q3
14833 1 1 0 0
15067 2 0 1 0
15276 3 0 0 1
20181 4 0 0 0
15593 5 1 0 0
15532 6 0 1 0
15605 7 0 0 1
20661 8 0 0 0
15935 9 1 0 0
16240 10 0 1 0
16402 11 0 0 1
21288 12 0 0 0
16867 13 1 0 0
16779 14 0 1 0
16929 15 0 0 1
22726 16 0 0 0
16706 17 1 0 0
17117 18 0 1 0
17258 19 0 0 1
21515 20 0 0 0
17050 21 1 0 0
17406 22 0 1 0
17732 23 0 0 1
21751 24 0 0 0
17119 25 1 0 0
17427 26 0 1 0
17613 27 0 0 1
21626 28 0 0 0
16196 29 1 0 0
16169 30 0 1 0
16441 31 0 0 1
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.967364502
R Square 0.935794079
Adjusted R Square 0.925916245
Standard Error 611.1965097
Observations 31
ANOVA
df SS MS F Significance F
Regression 4 141559915.4 35389978.84 94.73676965 4.14866E-15
Residual 26 9712590.51 373561.1735
Total 30 151272505.9
Coefficients Standard Error t Stat P-value Lower 95%
Intercept 20387.66234 303.6073655 67.15140886 1.12253E-30 19763.58846
Period 62.80681818 12.31290458 5.100893765 2.57549E-05 37.49728035
Q1 -5042.38961 316.5637949 -15.92851012 6.26883E-15 -5693.09581
Q2 -4925.446429 316.324246 -15.57087859 1.07184E-14 -5575.660228
Q3 -4798.378247 316.5637949 -15.15769751 2.01716E-14 -5449.084446
y^ = 20387.66234 + 62.806818*t -5042.3896*Q1 -4925.44643*Q2 -4798.378247 *Q3
b) all variables are significant as their p-value is less than 0.05
c)
22397.48
22460.29
22523.09
22585.9
respectively
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Question 1: Refer to lecture PowerPoint slides on organizational culture and discuss how Noor bank transformed on seven dimensions?
Seven dimensions are
Detail-oriented
Innovative
Aggressive
Outcome-oriented
Stable
People-oriented
Team-oriented
Noor Bank, a UAE-based Islamic bank, underwent a significant transformation across seven dimensions to enhance its competitiveness in the market.
The first dimension was customer-centricity, where the bank focused on delivering personalized experiences to customers through digital channels. The second was innovation, where the bank introduced new products and services such as mobile banking and digital payments to cater to the evolving needs of customers.
The third was operational efficiency, where the bank streamlined its processes to reduce costs and improve productivity.
The fourth dimension was risk management, where the bank implemented a robust risk management framework to mitigate potential risks. The fifth was talent management, where the bank invested in employee training and development to build a high-performing workforce.
The sixth was sustainability, where the bank demonstrated its commitment to social and environmental responsibility through various initiatives.
Finally, the seventh dimension was collaboration, where the bank formed partnerships with other institutions to expand its reach and offerings. Through these transformations, Noor Bank has become a leading player in the UAE's banking industry and continues to innovate and grow.
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Complete question is:
Discuss how Noor bank transformed on seven dimensions?
use a well labelled group to explain why the introduction of maximum prices in the petrol industry will not be an ideal decision for the country's economy??
Implementing maximum prices in the petrol industry may not be an ideal decision for the country's economy.
Consumer Group:
Implementing maximum prices may initially benefit consumers as it could lead to lower fuel costs. However, it can have negative consequences in the long run. With lower prices, there may be increased demand for petrol, leading to shortages and long queues at gas stations. Additionally, if prices are kept artificially low, it can discourage investment in the industry, hampering exploration, production, and infrastructure development. This could result in limited supply and dependence on imports, potentially leading to fuel shortages and price fluctuations.Business Group:
For businesses in the petrol industry, maximum prices can restrict their ability to cover costs and maintain profitability. Fuel companies have various expenses such as exploration, refining, distribution, and employee wages. If prices are capped, it can lead to reduced profit margins, making it challenging for companies to invest in new technologies, research, and development, which are crucial for improving fuel efficiency and reducing environmental impacts.Government Group:
From a government perspective, implementing maximum prices can have adverse effects on tax revenues. Taxes on fuel sales contribute significantly to government revenue. If prices are capped, tax income will decrease, impacting the government's ability to fund public services and infrastructure projects. It can also limit the government's ability to incentivize renewable energy sources and reduce environmental pollution.Considering these factors, the introduction of maximum prices in the petrol industry may have unintended consequences such as supply shortages, reduced investment, profitability challenges for businesses, and decreased tax revenue for the government. It is crucial to strike a balance between consumer affordability, industry sustainability, and government revenue to ensure a stable and efficient petrol market.
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Q9. WE Company has completed all operating budgets other than the income statement for 2024. Selected data from these budgets follow. Sales: $350,000 Purchases of raw materials: $145,000 Ending inventory of raw materials: $15,000 Direct labor: $40,000; Manufacturing overhead: $73,000, including $3,000 of depreciation expense Selling and administrative expenses: $36,000 including depreciation expense of $1,000; Interest expense: $1,000 Principal payment on note: $2,000; Dividends declared: $2,000 and Income tax rate: 30% Other information: Assume that the number of units produced equals the number sold. Year-end accounts receivable: 4% of 2024 sales. Year-end accounts payable: 50% of ending inventory of raw materials. Interest, direct labor, manufacturing overhead, and selling and administrative expenses other than depreciation are paid as incurred. Dividends declared and income taxes for 2014 will not be paid until 2015. Instructions (a) Calculate budgeted cost of goods sold. (b) Prepare a budgeted income statement for the year ending December 31, 2014. (c) Prepare a budgeted balance sheet as of December 31, 2014.
Budgeted cost of goods sold is $130,000, Retained earnings is $125,400 and Total liabilities and equity is $134,900.
(a) To calculate the budgeted cost of goods sold, we need to add the beginning inventory of raw materials to the purchases of raw materials and then subtract the ending inventory of raw materials.
Beginning inventory of raw materials: $0
Purchases of raw materials: $145,000
Ending inventory of raw materials: $15,000
Budgeted cost of goods sold: $130,000
(b) WE Company Budgeted Income Statement for the year ending December 31, 2024:
Sales: $350,000
Cost of goods sold: $130,000
Gross profit: $220,000
Selling and administrative expenses: $36,000
Depreciation expense - selling and administrative: $1,000
Operating income: $183,000
Interest expense: $1,000
Net income before taxes: $182,000
Income tax expense (30%): $54,600
Net income: $127,400
Dividends declared: $2,000
Retained earnings: $125,400
(c) WE Company Budgeted Balance Sheet as of December 31, 2024:
Assets:
Cash: $0
Accounts receivable: $14,000
Raw materials inventory: $15,000
Total assets: $29,000
Liabilities and Equity:
Accounts payable: $7,500
Notes payable: $2,000
Total liabilities: $9,500
Retained earnings: $125,400
Total liabilities and equity: $134,900
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Paula weeded 40% of her garden in 8 minutes. How many minutes will it take to weed all of her garden at this rate ?
Answer:
3.2
Explanation:
when we get the 8 minutes and multiply
the rate which is 40% we get 3.2. 8*40/100=3.2 minutes.
Customers might sometimes describe contradictory needs
Customers might sometimes describe contradictory needs which means Option C. Customers sometimes describe needs that oppose each other.
When customers require two different things that cannot be addressed by the same product, it is referred to as a conflicting requirement. There are many reasons why customers may have conflicting needs. Some customers might have a requirement for a product to be both inexpensive and of high quality, for example. Others may desire a product that is both small and powerful. Customers may sometimes find it difficult to articulate what they want, which might result in vague descriptions.
This might make it more difficult for the supplier to provide a solution that satisfies the customer’s needs. Customer service staff must be trained to engage with customers and listen actively to their concerns. They must also be able to identify when there is a contradictory requirement and provide solutions that address the customer's needs in a way that satisfies the customer's expectations while also meeting the supplier's operational needs. Understanding customer needs is an important part of the customer service profession, and it may take some time and effort to develop the necessary skills.
Some customers are very detailed in describing their needs, which can be beneficial for suppliers because it allows them to provide an appropriate solution for the customer. Overall, being aware of conflicting customer requirements is essential in the customer service sector to provide an effective solution. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
Customers might sometimes describe contradictory needs.
A. A customer's needs can sometimes be confusing.
B. Customers might sometimes give vague descriptions.
C. Customers sometimes describe needs that oppose each other.
D. Some customers are extremely thorough in describing their needs.
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help it’s due tomarrow
Jot down ideas for a promotional mix for the three scenarios (at the bottom). Create a
quick promotional mix. Include specific and creative tactics needed to promote the
event, company or product. Be sure to include at least one tactic for each element of
the mix:
• advertising
• public relations
• sales promotions
• personal selling
Possible tactics include: Slogans, Billboards, Free Samples, Sponsorships, Commercials,
Contests, Telemarketing, Trade Shows, Sweepstakes, Press Kits, Coupons or Loyalty
Programs. You are NOT limited to this list.
Create a Microsoft® PowerPoint describing your promotional mix and each tactic.
Briefly explain why you selected the elements you choose.
SCENARIOS
• A charity carnival raising funds and supplies for a homeless shelter
• A non-profit children's agency
• Season tickets to a women's college basketball team
Answer:
hun you're going to have to do this on your own
Calculate Payroll K. Mello Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Consultant Computer Programmer Administrator Regular earnings rate $2,810 per week $36 per hour $46 per hour Overtime earnings rate Not applicable 2 times hourly rate 1.5 times hourly rate Federal income tax withheld $930 $238 $515 For hourly employees, overtime is paid for hours worked in excess of 40 hours per week. For the current pay period, the computer programmer worked 55 hours and the administrator worked 65 hours. Assume further that the social security tax rate was 6%, and the Medicare tax rate was 1.5%. Determine the gross pay and the net pay for each of the three employees for the current pay period. Assume the normal working hours in a week are 40 hours. If required, round your answers to two decimal places.
Answer:
1. Consultant's earning
Gross pay $2,810
Net pay $1,669.25
2. Computer Programmer
Gross pay $2,520
Net pay $2,093
3. Administrator Income
Gross pay $3,565
Net pay $2,782.62
Explanation:
Calculation to Determine the gross pay and the net pay for each of the three employees for the current pay period
1. Calculation for Consultant Income gross pay and Net pay
Consultant's earning = $2,810
Based on the information given Consultant's GROSS PAY will be $2,810
Calculation to determine the Net pay using this formula
NET PAY = Gross pay - Withheld tax - Medicare tax - social security tax
Let plug in the formula
Where,
Withheld tax = $930
Social security tax = 6% of Total earning
Social security tax= $2,810 * 6%
Social security tax= $168.6
Medicare tax = 1.5% of total earning
Medicare tax= $2,810 * 1.5%
Medicare tax = $42.15
Let plug in the formula
NET PAY = $2,810 - $930 - $42.15 - $168.6
NET PAY= $1,669.25
Therefore Consultant Income gross pay is $2,810 and Net pay is $1,669.25
2. Calculation to determine Computer Programmer gross pay and Net pay
Calculation for GROSS PAY
Rate of earning = $36 per Hour
Working Hours = 55 Hours
Computer programmer Earning = $36 * 55
Computer programmer Earning= $1,980
Overtime hours = 55 - 40
Overtime hours= 15 hours
Overtime earning = 2 times of hourly rate = 15* $36
Overtime earning= $540
GROSS PAY = $1,980+$540
GROSS PAY=$2,520
Calculation to determine the NET PAY
Using this formula
Net Pay = Gross pay - Withheld tax - Medicare tax - Social security tax
Where,
Withheld tax = $238
Social security tax = ($1,980+$540) * 6%
Social security tax= $2,520*6%
Social security tax=$151.2
Medicare tax = 1.5% of total earning
Medicare tax= $2,520 * 1.5%
Medicare tax = $37.8
Let plug in the formula
NET PAY = $2,520 - $238 - $37.8 - $151.2
NET PAY =$2,093
Therefore Computer Programmer Gross pay is $2,520 and the Net pay is $2,093
3. Calculation for Administrator Income Gross pay and Net pay
Calculation for GROSS PAY
Rate of earning = $46 per Hour
Working Hours = 65 Hours
Administrator Earning = $46 * 65
Administrator Earning= $2,990
Overtime hours = 65 - 40
Overtime hours= 25 hours
Overtime earning = 1.5 times of hourly rate = 25 * ($46/2) ( half of the rate is taken)
Overtime earning =25*23
Overtime earning =$575
GROSS PAY = $2,990+$575
GROSS PAY =$3,565
Calculation to determine the NET PAY
Using this formula
Net Pay = Gross pay - Withheld tax - Medicare tax - Social security tax
Where,
Withheld tax = $515
Social security tax = ($2,990+$575) * 6%
Social security tax= $3,565*6%
Social security tax=$213.9
Medicare tax = 1.5% of total earning
Medicare tax = $3,565 * 1.5%
Medicare tax =$53.48
Let plug in the formula
NET PAY = $3,565 - $515 - $53.48 - $213.9
NET PAY= $2,782.62
Therefore Administrator Income is Gross pay $3,565 and the Net pay is $2,782.62
In order to fight the negative impact of overtourism, Costa Rica has been developing...
a Mass tourism
b Ecotourism
c Extreme tourism
d Revenge tourism
At December 31, 2017 Rice Company had 300,000 shares of common stock and 10,000 shares of 6%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2017 or 2018. On January 30, 2019, prior to the issuance of its financial statements for the year ended December 31, 2018, Rice declared a 100% stock dividend on its common stock. Net income for 2018 was $1,140,000. In its 2018 financial statements, Rice's 2018 earnings per common share should be
A. $1.80.
B. $1.89.
C. $3.60.
D. $3.80.
Answer:
A. $1.80
Explanation:
Earnings per share = (Net Income - Preferred dividend) / Weighted average outstanding common shares
Earnings per share = (1140000 - 10000*100*6%) / (300000 + 300000)
Earnings per share = $1.80 per share
So, Rice's 2018 earnings per common share should be $1.80 per share
Gelb Company currently manufactures 52,500 units per year of a key component for its manufacturing process. Variable costs are $4.05 per unit, fixed costs related to making this component are $65,000 per year, and allocated fixed costs are $75,500 per year. The allocated fixed costs are unavoidable whether the company makes or buys this component. The company is considering buying this component from a supplier for $3.50 per unit. Calculate the total incremental cost of making 52,500 units and buying 52,500 units. Should it continue to manufacture the component, or should it buy this component from the outside supplier
Answer:
Gelb Company should choose to Buy the Component since it is the cheaper option. This gives a cost advantage of $28,875.
Explanation:
For each Option, include costs which are unavoidable because those would change as a result of this decision, they are relevant costs items.
Total incremental cost : Making
Variable costs (52,500 x $4.05) $212,625
Fixed Costs (unavoidable) $75,500
Total $288,125
Total incremental cost : Buying
Purchase Price ( 52,500 x $3.50) $183,750
Fixed Costs (unavoidable) $75,500
Total $259,250
Conclusion :
Gelb Company should choose to Buy the Component since it is the cheaper option. This gives a cost advantage of $28,875 ($288,125 - $259,250).
Requirements for legal capacity for an individual are that a person must be at least sixteen and intelligent. true false
Answer:
False
Explanation:
You have to be 18
Suppose that in a certain country called Litigia, patients do not have the legal right to sue their medical insurance providers.
Now, suppose, however, that Litigia's government passes legislation that no longer protects medical insurance providers from lawsuits, so that patients in Litigia can now sue their insurance providers.
After the legislation is passed, what will happen to the price of medical insurance and the number of medical insurance policies sold?
The price will decrease, and the number of medical insurance policies sold will also decrease.
The price will increase, while the number of medical insurance policies sold will decrease.
The price will decrease, while the number of medical insurance policies sold will increase.
The price will increase, and the number of medical insurance policies sold will also increase.
C) The price will decrease, while the number of medical insurance policies sold will increase.
What is legislation?Legislation is the process by which local, state, or federal legislatures draft and enact laws. It is occasionally used to refer to municipal ordinances as well as the rules and regulations passed by administrative bodies while they were performing their delegated legislative duties.
The legislation involves participation from the executive branch in addition to action by a legislative body. Unless the executive's veto is overridden by a large enough majority in each house of the legislature, legislation cannot become law without the executive's concurrence. Additionally, the executive's job involves much more than just consent or opposition.
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On December 31, 2021, the end of the fiscal year, Revolutionary Industries completed the sale of its robotics business for $13.0 million. The robotics business segment qualifies as a component of the entity according to GAAP. The book value of the assets of the segment was $9.0 million. The income from operations of the segment during 2021 was $6.0 million. Pretax income from continuing operations for the year totaled $14.0 million. The income tax rate is 25%.
Required:
Prepare the lower portion of the 2021 income statement beginning with income from continuing operations before income taxes. Ignore EPS disclosures.
Answer:
Revolutionary Industries
Income Statement
For the year ended December 31, 2021
...
Pre-tax Income from continuing operations $14,000,000
Income taxes ($3,500,000)
Income from continuing operations $10,500,000
Discontinued operations:
Gain from sale of disc. component $4,000,000Income from disc. component $6,000,000Income taxes ($2,500,000) $7,500,000Net income $18,000,000
I need a an idea of followership introduction help me!
Followership refers to the role, behavior, and actions of individuals who are not in a leadership position, but rather, they support and collaborate with their leaders to achieve shared goals. Followership is an essential aspect of organizational success, as it complements leadership and fosters a harmonious work environment.
Effective followers exhibit characteristics such as being proactive, taking responsibility, and engaging in open communication with their leaders. They also possess the ability to think critically and provide valuable feedback for the betterment of the team. By embracing the principles of followership, individuals contribute positively to the overall performance and morale of the organization.
It is important to note that followership does not imply blind obedience or passivity. Instead, it involves active engagement and collaboration with leaders to achieve common objectives. In this dynamic relationship, leaders and followers must work together, learn from each other, and adapt to changing circumstances.
In conclusion, followership is a vital component of successful organizations and plays a significant role in accomplishing shared goals. By cultivating strong followership skills, individuals can effectively support their leaders, enhance team performance, and contribute to the growth and success of the organization.
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illustrate the effect that a decrease in a price of milk (an input of ice cream) would have on the market for ice cream.
A decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.
A decrease in the price of milk is likely to have a direct effect on the market for ice cream. Milk is a key ingredient in the production of ice cream, and so a decrease in the price of milk would lead to a decrease in the production cost of ice cream. The impact of this decrease in production cost will result in an increase in the supply of ice cream. The supply curve will shift to the right, showing that more ice cream is available for sale at any given price.
This means that the equilibrium price of ice cream will decrease because suppliers are willing to sell more ice cream at lower prices due to lower production costs. As a result, consumers would demand more ice cream because they would be able to purchase it at a lower price. This increase in demand would cause the demand curve to shift to the right, further increasing the equilibrium quantity of ice cream traded in the market.
Therefore, a decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.
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the oriole mills company has just disclosed the following financial information in its annual report sales of 1.47 million, cost of goods sold of $817,100, depreciation expenses of $179,600, and interest expenses of $ 94,000. Assume that the firm has an average tax rate of 29 percent. Compute the cash flows to investors from operating activity.
The cash flows to investors from operating activities for Oriole Mills Company is $543,973.
To compute the cash flows to investors from operating activities, we need to start with the net income and make adjustments for non-cash expenses and changes in working capital. The formula to calculate cash flows from operating activities is as follows:
Cash Flows from Operating Activities = Net Income + Depreciation Expenses + Non-Cash Interest Expenses - Increase in Current Assets + Increase in Current Liabilities + Decrease in Current Assets - Decrease in Current Liabilities
Given the financial information provided, we can calculate the cash flows to investors from operating activities as follows:
Net Income:
Net Income = Sales - Cost of Goods Sold - Depreciation Expenses - Interest Expenses - Taxes
Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - ($1,470,000 - $817,100 - $179,600 - $94,000) * 0.29
Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - ($379,300 * 0.29)
Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - $109,927
Net Income = $269,373
Depreciation Expenses = $179,600
Non-Cash Interest Expenses = $94,000
Changes in Working Capital:
Increase in Current Assets = 0 (no information provided)
Increase in Current Liabilities = 0 (no information provided)
Decrease in Current Assets = 0 (no information provided)
Decrease in Current Liabilities = 0 (no information provided)
Finally, we can calculate the cash flows to investors from operating activities:
Cash Flows from Operating Activities = $269,373 + $179,600 + $94,000 + 0 + 0 + 0 + 0
Cash Flows from Operating Activities = $543,973
Therefore, the cash flows to investors from operating activities for the Oriole Mills Company is $543,973.
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Prepare the journal entries to record the following transactions of Wildhorse Company's books under a perpetual inventory system. Clarify which are debit and which are credit.
(a) On March 2nd, Windsor Company sold $854,200 of merchandise to Wildhorse Company on account, terms 2/10, n/30. The cost of merchandise sold was $517800.
(b) On March 6th, Wildhorse Company returned $109800 of the merchandise purchased on March 2nd. The cost of the merchandise returned was $66800.
(c) On March 12th, Windsor Company received the balance due from Wildhorse Company.
a) Credit Inventory for $517,800
b) Debit Inventory for $66,800
c) Credit Accounts Receivable (or Trade Receivables) for the same amount
(a) The journal entry to record the sale of merchandise from Windsor Company to Wildhorse Company on March 2nd would be:
Debit Accounts Receivable (or Trade Receivables) for $854,200
Credit Sales Revenue for $854,200
Debit Cost of Goods Sold for $517,800
Credit Inventory for $517,800
The debit to Accounts Receivable represents the amount owed by Wildhorse Company for the merchandise purchased on account. The credit to Sales Revenue recognizes the revenue generated from the sale. The debit to Cost of Goods Sold recognizes the cost of the merchandise sold, and the credit to Inventory reduces the inventory balance as the goods are no longer in stock.
(b) The journal entry to record the return of merchandise by Wildhorse Company on March 6th would be:
Debit Sales Returns and Allowances for $109,800
Credit Accounts Receivable (or Trade Receivables) for $109,800
Debit Inventory for $66,800
Credit Cost of Goods Sold for $66,800
The debit to Sales Returns and Allowances reduces the revenue from the original sale. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company for the returned merchandise. The debit to Inventory increases the inventory balance as the goods are returned to stock, and the credit to Cost of Goods Sold reduces the cost of the merchandise originally sold.
(c) The journal entry to record the payment received by Windsor Company on March 12th would be:
Debit Cash (or Bank) for the amount received from Wildhorse Company
Credit Accounts Receivable (or Trade Receivables) for the same amount
The debit to Cash represents the inflow of funds from the customer's payment. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company, reflecting the settlement of the outstanding balance.
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If you sell 1,000 tickets at $50/ticket, 2,000 tickets at $60/ticket and 2,500 tickets at $65/ticket, what percentage of the revenue are the sales from the $50 ticket?
the wildlife department has been feeding special food to rainbow trout finger lings in a pond. A sample of weight of 40 trout revealed that the mean weight is 402.7 grams and the standard deviation 8.8 grams .
what is estimated mean wight of population? what is 99% confidence interval?,what degree of confidence is being used? interparet the result
We estimate the mean weight of the population to be 402.7 grams, with a 99% confidence interval of (398.77, 406.63) grams. The degree of confidence used is 99%.
To estimate the mean weight of the population of rainbow trout fingerlings, we can use the sample mean as an estimate. In this case, the sample mean weight is 402.7 grams.
Since the sample is a good representation of the population, we can consider this as our estimate for the population mean weight.
To determine the 99% confidence interval, we need to calculate the margin of error. The margin of error is given by multiplying the critical value (z*) with the standard deviation of the sample mean.
For a 99% confidence level, the critical value is 2.576 (obtained from a standard normal distribution table).
The margin of error is then calculated as 2.576 * (8.8 / sqrt(40)), which equals 3.932 grams. Therefore, the 99% confidence interval for the mean weight of the population is 402.7 ± 3.932, or approximately (398.77, 406.63) grams.
The degree of confidence used is 99%, meaning that if we repeated the sampling process multiple times, approximately 99% of the resulting confidence intervals would contain the true population mean weight.
In conclusion, we estimate the mean weight of the population to be 402.7 grams, with a 99% confidence interval of (398.77, 406.63) grams. This means we are 99% confident that the true population mean weight falls within this range.
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Overall there are 3 main factors that are used to compute the premiums charged for health insurance. They are: A) Morbidity, interest, expenses B) Policy reserves, interest, expenses C) Mortality, interest, expenses
D) Morbidity, reserves, expenses
Option C is the correct answer. The three main factors used to calculate health insurance premiums are mortality, interest, and expenses.
What about health insurance?One sort of insurance that covers all or a portion of the risk of a person needing medical care is health insurance, sometimes referred to as medical insurance or medical aid in South Africa.Similar to other types of insurance, risk is shared among numerous parties. An insurer can create a standard financial framework, like a monthly premium or payroll tax, to raise the funds necessary to pay for the medical benefits outlined in the insurance agreement by evaluating the overall risk of health risks and health system expenses over the risk pool. The benefit is managed by a central body, which could be a non-profit organisation, a government agency or a private company.To know more about health insurance, visit:
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An exchange economy has two consumers, named Jimmy and Sue, and two commodities, apples and bananas. Jimmy’s initial endowment is 2 units of apples and 4 unit of bananas. Sue’s initial endowment is 4 apples and 4 units of bananas. Jimmy’s utility function over apples and bananas is U(AJ, BJ) =AJ1/2 BJ1/2. Sue’s utility function is of the form U(AS, BS) =AS+BS, where AJ and BJ are the amounts of apples and bananas for Jimmy and AS and BS are amounts of apples and bananas for Sue.The equation of the contract curve in terms of Jimmy’s coordinates is:________
a. BJ= 2AJ
b. BJ=(A2J)/2
c. BJ=AJ
d. BJ= (8AJ)/(1+AJ)
e. None of the above
Answer:
(a) BJ = AJ
In equilibrium, apples and bananas have the same price.
Jimmy’s consumption bundle must be 3 apples and 3 bananas
i just did this
Explanation:
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In early May 2017, an amendment to the annual budget for 2017 was approved by the city council for inflows and outflows in the Street Improvement Bond Debt Service Fund related to the bond issue. The debt service fund budget amendment provides for estimated other financing sources of $42,000 for the premium on bonds sold, estimated other financing sources of $10,000 for a transfer from the General Fund that will be used to help pay interest due on January 1, 2018, estimated revenues of $28,000 for accrued interest on bonds sold, and appropriations in the amount of the one interest payment of $40,000 to be made during 2017. (The payment that is due on July 1, 2017.)
Required: Record the budget for the Street Improvement Bond Debt Service Fund for year 2017. Budgetary entries have no effect on the government-wide accounting records.
Answer: See explanation
Explanation:
The budget for the Street Improvement Bond Debt Service Fund for year 2017 will be:
Debit: Estimated other financing sources - Premium on bonds = $42000
Debit: Estimated other financing sources - Transfer in - $10000
Debit: Estimated Revenue - Accrued Interest on bonds sold = $28000
Credit: Appropriation = $40000
Credit: Budgetary funds balance = $40000
In business letters the salutation must address a position. a. True O b. Rarely OC. Always O d. False
Answer: True
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Manuel works for a very large company that sells stocks to shareholders. This is an advantage for which type of business structure? Choose the answer.
Partnership
Limited Liability Company
Sole Proprietorship
Corporation
Answer:
Corporation
Explanation:
A corporation is a business ownership structure where the business is considered a legal entity separate from the owners. A corporation is subdivided into small units known as shares. Owning a share implies owning part of the corporation. Shareholders own the shares and the corporation.
The shares of a public corporation can be acquired by purchasing them at the security exchange market. Anyone can purchase shares and become a shareholder.
How can events in a process costing system affect financial statements? Provide examples.
The inventory costing asset account, which shows up on the balance sheet, is where the costs associated with units produced or in production are financial recorded.
The cost is transferred to the cost of goods sold account when the goods are eventually sold, where it appears on the income statement. Financial Process costing is a type of costing that's primarily utilized costing in manufacturing, where products are mass-produced constantly using one or more processes. Examples of this include producing chemicals, erasers, or processed foods. Instead of tracking expenses for each individual item, organizations that use process costing follow the flow of costs from department to department.
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As defined in The New Rules, what is the art and science of ensuring that the words and phrases on your site, blog, and other online content are found by search engines and that, once found, your site is given the highest ranking possible in the natural search results?
Search engine optimization (SEO) is the artwork and science of getting pages to rank higher in search engines.
Because search is one of the most important ways in which people find out content material online, rating higher in search engines can lead to an increase in site visitors to a website.
What procedure do you use to make sure that your content material is website positioning optimized?To optimize your content, use your target keyword at least as soon as in the first 100-150 phrases to indicate your subject early. Also, use your goal keyword and its editions naturally at some point of the content. You can locate your keyword's editions in the associated search area of search.
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