You will imagine a newly established SERVICE COMPANY as of Jan 01, 2015. You will start and finish the Accounting Cycle according with the below instructions. You should prepare your Semester Assignment by considering below items to be recorded to the Journal; 1. During January, record 12 economic events (directed below) to the Journal and post these recorded entries to the related Ledger accounts (10 points): a. 1 investing some capital (On the 1st of January, some capital from shareholders (1st economic event) is transferred to the company.) b. 1 getting some loan from a bank (On the 1st of January, some loan from the creditors (banks) with 20% annual interest rate is deposited to the company’s bank account (2nd economic event), c. 3 prepaid expenses, 1 unearned revenue, d. 3 accrued expense, 1 accrued revenue, e. 1 purchasing a vehicle in the beginning of January, f. 1 purchasing equipment in the beginning of January, 2. At the end of January, Prepare Trial Balance (10 points), 3. Record 8 adjusting e

Public relations (PR) is the practice of managing the communication between an organization and its various stakeholders, including the community, customers, potential customers, employees, investors, and the media.

The goal of Public relations (PR) is to create and maintain a positive image of the organization in the eyes of its stakeholders, enhance its reputation, and build relationships with key stakeholders.

PR professionals use various tools and strategies, such as press releases, media outreach, events, and social media, to communicate the organization's message and engage with its audiences.

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Answer:

I personally selected all of them, not sure if it's right or not because my teacher didn't tell me for some reason, but it's worth a try.

Explanation:

1. Income statement, Asset 2. Income statement, Revenue 3. Balance sheet, Asset 4. Income statement, Expense 5. Balance sheet, Asset 6.  Income statement Expense 7. Balance sheet, Liability 8. Balance sheet, Stockholders' Equity.

The term balance sheet refers to a fiscal statement that reports a company's means, arrears, and shareholder equity at a specific point in time. Balance sheets give the base for calculating rates of return for investors and  assessing a company's capital structure. In short, the balance sheet is a fiscal statement that provides a shot of what a company owns and owes, as well as the quantum invested by shareholders. Balance sheets can be used with other important fiscal statements to conduct abecedarian analysis or calculate fiscal rates. An income statement is one of the three important fiscal statements used for reporting a company’s fiscal performance over a specific account period. The other two crucial statements are the balance sheet and the cash inflow statement.

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The dollar price of the Lion Corp. bond is $2,174.18

What is the dollar price of the bond?

The dollar price of the bond is the present value of its future cash flows, 46 semiannual coupon payments and the face value discounted at the semiannual yield to maturity of the bond, which can be computed using a financial calculator which requires that the calculator be set to its end mode before making necessary inputs because the semiannual cash payments are expected at the end of each semiannual period:

N=46(number of semiannual coupons in 23 years=23*2)

I/Y=2.15(semiannual yield without % sign=4.3%/2)

PMT=49(semiannual coupon=$2000*4.9%/2)

FV=2000(the face value of $2000)

CPT(press compute)

PV=$2,174.18

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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.

The concepts and their impacts on strategic management are General Environment (Discontinuities)  : Political Factors,  Economic Factors, Sociocultural Factors, Technological Factors and Environmental Factors.

Specific Industry Environment : Competitive Rivalry, Supplier Power,  Buyer Power, Threat of Substitutes, Threat of New Entrants

1. Discontinuities in the General Environment:

Discontinuities refer to significant shifts or changes in the external environment that can disrupt industries, markets, or societal norms. These shifts can be technological, social, economic, political, or environmental in nature. Understanding and responding to discontinuities is crucial for organizations to stay competitive and adapt to the changing landscape.

Impact on Strategic Management: Organizations need to be vigilant and proactive in identifying discontinuities and assessing their impact on their industry and operations. By monitoring trends and emerging technologies, organizations can identify potential disruptions and adjust their strategies accordingly.

2. Megaforces in the Industry Environment:

Megaforces, also known as industry forces or industry trends, are external factors that shape the competitive landscape within a specific industry. These forces are typically industry-specific and can have a significant impact on an organization's performance and strategic decisions. The concept of megaforces was popularized by Michael Porter's Five Forces Framework.

Impact on Strategic Management: Understanding the megaforces helps organizations assess their industry's attractiveness and competitiveness. By analyzing each force, organizations can identify areas of strength or vulnerability and develop strategies to gain a competitive advantage.

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Explanation:

Delegation of authority is a process that enables a person to assign a task to others. As a manager or leader, you're expected to perform several tasks and meet multiple deadlines. To ensure that you achieve your objectives on time, you delegate responsibility to your team members

Answer:

In order to meet the targets, the manager should delegate authority. Delegation of Authority means division of authority and powers downwards to the subordinate. Delegation is about entrusting someone else to do parts of your job. Delegation of authority can be defined as subdivision and sub-allocation of powers to the subordinates in order.

Explanation:

By definition, the price elasticity of demand for gasoline is -2.33.

The price elasticity of demand is a measure used to show the responsiveness, or elasticity, of the quantity demanded of a good or service to changes in the price of that good or service.

That is, the price elasticity of demand indicates to what extent changes in price alter the demand for specific products or services.

The price elasticity of demand is calculated by dividing the percentage change in demand by the percentage change in price, resulting in the following expression:

\(Elasticity=\frac{percentage change in quantity demanded}{percentage change in price}\)

\(Elasticity=\frac{\frac{deltaQ}{Q} }{\frac{deltaP}{P} }\)

where:

Knowing that:

First, the percentage change in quantities is calculated as follows:

Now the percentage change in price is determined as follows:

Finally, the price elasticity of demand is calculated as:

\(Elasticity=\frac{33.3}{-14.3}\)

Solving:

Elasticity= -2.33

In summary, the price elasticity of demand for gasoline is -2.33.

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Competitive intelligence bridges the gap between the organization's goals and values, the industry environment, and the resources and capabilities necessary to gain a competitive edge. The correct option is a.

Competitive intelligence plays a crucial role in connecting the organization's goals and values with the industry environment and the resources and capabilities required to achieve competitive advantage. Competitive intelligence involves gathering and analyzing information about competitors, market trends, and customer preferences to gain insights and make informed business decisions.

By understanding the industry environment through competitive intelligence, organizations can identify opportunities and potential threats. This knowledge helps align the organization's goals and values with the external factors impacting its success. For example, if the industry is shifting towards sustainable practices, an organization that values environmental responsibility can leverage this trend to enhance its competitive position.

Furthermore, competitive intelligence helps identify the resources and capabilities needed to achieve competitive advantage. It provides insights into the strengths and weaknesses of competitors, allowing organizations to benchmark their own capabilities and identify areas for improvement. This knowledge can guide strategic planning and resource allocation, ensuring that the organization aligns its resources with its competitive goals. The correct option is a.

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Isabella has an absolute advantage in both clutch replacement and brake replacement due to her ability to complete each task in less time.

- Isabella also has a comparative advantage in both clutch replacement and brake replacement, assuming similar skills and pay rates.

To determine absolute and comparative advantages in this scenario, we need to compare the productivity of Isabella and Antonio in replacing clutches and brakes.

Let's analyze the tasks:

1. Clutch Replacement:

- Isabella takes 6 hours.

- Antonio takes 8 hours.

Based on the time taken, Isabella has an absolute advantage in clutch replacement because she can complete the task in less time than Antonio.

2. Brake Replacement:

- Isabella takes 4 hours.

- Antonio takes 6 hours.

Again, based on the time taken, Isabella has an absolute advantage in brake replacement because she can complete the task in less time than Antonio.

Similar to clutch replacement, if we assume similar skills and pay rates, Isabella would also have a comparative advantage in brake replacement due to her ability to complete the task more quickly.

Comparative advantage is based on a comparison of opportunity costs, and without specific information about the trade-offs involved, we can infer that Isabella's ability to complete both tasks more quickly gives her a comparative advantage in both.

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Paul Bunyon losing his job as a lumberjack because the timber company he works for decided to just buy chainsaws ,shows structural unemployment.

Structural unemployment is a type of involuntary unemployment caused by a mismatch between the skills available to workers in the economy and the skills required by employers. Structural unemployment is frequently caused by technological changes that render many workers' job skills obsolete.

Structural unemployment is long-lasting unemployment that comes about due to shifts in an economy.

As Paul was a lumberjack, and the company decides to buy chainsaws to replace him. This unemployment will be termed as structural unemployment.

Therefore, Paul Bunyon faces structural unemployment.

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Your question is incomplete, but most probably the full question was,

Paul Bunyan lost his job as a lumberjack because the timber company he works for decided to just buy chainsaws. What type of unemployment is this an example of?

Option A is correct. Strong positive correlation. A positive correlation is when both variables are increasing or decreasing together, and a strong correlation is when the two variables are close to a straight line.

A positive correlation is a relationship between two variables that run in parallel. In the same direction. A positive correlation occurs when one variable decreases when the other variable decreases, or when one variable increases while the other variable increases. Since these two different variables are moving in the same direction, they are theoretically subject to the same external force.

A positive correlation is when one variable tends to decrease when the other variable decreases, or when one variable tends to increase when the other variable increases.

In finance, correlations are used to describe how individual stocks perform in relation to the broader market.

A beta of 1.0 represents a stock that correlates perfectly with the S&P 500. Values ​​above 1.0 represent stocks with higher volatility than the S&P 500, while lower values ​​represent stocks with lower volatility. 

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Answer:

developing long lasting, trusting relationships with your business partners by taking a strategic collaborative approach, so that you are able to jointly create new and sustainable value.

Explanation:

THATS IS MY ANSWER

Option A, B and C are true about the profit-maximizing rule of MR = MC.

A) The rule applies only if producing is preferable to shutting down.

B) In some cases, MR will equal MC at a fractional level of output and therefore the last complete unit of output should be produced where MR < MC.

C) The rule can be restated as P = MC when applied to a purely competitive firm because product price and MR are equal.

What is the profit-maximizing rule?

The profit-maximizing rule is to produce and sell the level of output for which marginal revenue equals marginal cost. This means producing the quantity at which the additional revenue from the last unit produced is equal to the additional cost of producing that unit.

Hence, option A, B and C are correct.

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An agency law is a contract for an agent who acts on behalf of a company, government, or an individual called the principal. The relationship formed due to the contract between an agent and the principle is called an agency relationship.

In an agency relationship, the agent acts on behalf of the principal with their authority. The agency relationship can be created through express agreement, implied agreement, or by ratification.  Express agreement is when both parties clearly express their intention to enter into an agency relationship. Implied agreement is when the actions of both parties indicate that they have an agency relationship.

Ratification is when the principal accepts the actions of an individual as their agent, even if they did not originally intend to create an agency relationship. In an agency relationship, the agent has a fiduciary duty to act in the best interests of the principal. This duty includes loyalty, obedience, and disclosure of information.

Overall, an agency relationship is an important legal concept that allows individuals or companies to act on behalf of others. Understanding the responsibilities and duties of both parties in an agency relationship is crucial to ensuring a successful partnership.

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Answer:

Fronke's Fashions

General Journal:

April 1:

Debit Purchases $2,310

Credit Cash Account $2,310

To record purchase of merchandise for cash.

April 2:

Debit Cash Account $218

Credit Purchases Returns $218

To record return of merchandise for cash.

April 4:

Debit Purchases $825

Debit Freight-in $46

Credit Accounts Payable (Breit Distributors) $871

To record purchase of merchandise on credit, Invoice 125, terms n/30

April 7:

Debit Accounts Payable (Breit Distributors) $58

Credit Purchases Returns $58

To record return of damaged merchandise, Credit Memo 202.

April 30:

Debit Accounts Payable (Breit Distributors) $813

Credit Cash Account $813

To record payment of amount due via Check 1458.

Explanation:

Journal entries are made to record business transactions as they occur on a daily basis.  The journal is the first accounting record kept about a transaction.  It shows the account that will be debited or credited in the General Ledger.

In-depth research is needed on the advantages and disadvantages of the three forms of business ownership and alternative types and what type of ownership you would be most comfortable with.

It is a form of company in which only one person is responsible for management, with no legal distinction between the owner and the company.

The advantages are the less bureaucracy and lower interest rate. The disadvantages are the difficulty in obtaining financing and business credit.

It is a professional relationship between two or more people to carry out a business. The advantages are the sharing of risk and responsability. The disadvantages are related to the loss of autonomy and conflicts.

It is an entity that has a legal status separate from its owners. The advantages are the ease of obtaining credit and protection from the liability of partners. The disadvantages relate to greater bureaucratization and formalities.

It is a business system where royalties are paid to a franchisor for the right to sell the same products and services. The advantages of franchising is the value of the brand and customer perception. The disadvantages are the high investment and maintenance of the business.

It is an entity whose objective is to offer social benefits and to the general public, non-profit. The advantages are employee motivation and commitment and the disadvantages are social pressure and lack of financial resources.

It is an association of people who unite autonomously to meet their economic, cultural and social objectives and needs. The advantages are democratic management and ease of starting, while the disadvantages are less control and limited profitability.

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Answer:

1. Recording

2. Classifying

3. Summarizing

4. Analyzing

5.Communicating

Explanation:

1. Recording:

The first feature is recording of sales and transactions.

2. Classifying:

Classifying the sales or the transactions is the grouping of data depending on the nature of the data.

3. Summarizing:

Summarizing is an important feature as it summarizes data in groups based on the fields which will help the accessing easier.

4. Analyzing:

Analyzing the data helps in finding the strengths and weaknesses of the sales and transactions.

5. Communicating:

Communication is used to inform the client about the analyzation and intrepretated data.

A. Operating characteristics:

Lq ≈ 0.5017, L ≈ 0.9377, Wq ≈ 0.1730 hours, W ≈ 0.5063 hours, Pw ≈ 0.4833

B. Service goal: Not met. Action recommended.

C. Mean service rate: 7.5 customers/hour.

If the consultant can reduce the average time spent per customer to 8 minutes, then the average time a customer spends in the system will be 0.33 hours (20 minutes).

A. To compute the operating characteristics of the customer waiting line:

Arrival rate (λ) = 2.9 customers/hour

Service rate (μ) = 60 minutes / 10 minutes per customer = 6 customers/hour

Average number of customers in the queue (Lq):

Lq = (λ^2) / (μ * (μ - λ)) ≈ 0.5017

Average number of customers in the system (L):

L = λ / (μ - λ) ≈ 0.9377

Average waiting time in the queue (Wq):

Wq = Lq / λ ≈ 0.1730 hours (approximately 10.38 minutes)

Average waiting time in the system (W):

W = Wq + (1 / μ) ≈ 0.5063 hours (approximately 30.38 minutes)

Probability of a customer waiting in the queue (Pw):

Pw = λ / μ ≈ 0.4833

B. The service goal is that an arriving customer should not wait for service more than an average of 6 minutes. However, the average waiting time in the system (W) is approximately 30.38 minutes, exceeding the goal. Therefore, the service goal is not being met.

Action recommendation: To meet the service goal, I would recommend taking the following actions:

Increase staffing: Hire additional design consultants to handle customer questions and product recommendations.

Improve efficiency: Streamline processes and provide training to the consultant to reduce the time spent with each customer.

Appointment scheduling: Implement a system for customers to schedule appointments, ensuring dedicated time slots for each customer and minimizing waiting times.

Self-service options: Provide self-service resources or online tools where customers can access basic information and make preliminary decisions, reducing the need for extensive consultations.

C. If the consultant can reduce the average time spent per customer to 8 minutes, the mean service rate can be calculated as follows:

Mean service rate (μ) = 60 minutes / 8 minutes per customer ≈ 7.5 customers/hour

Will the service goal be met? Yes

If the consultant can reduce the average time spent per customer to 8 minutes, then the average time a customer spends in the system will be 0.33 hours (20 minutes). This is less than the service goal of 6 minutes, so the goal will be met.

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Answer:

I think is 471, because the population have a LINEAR GROWTH over FIVE year, so we just need to do some math here to find the initial population: 1.4*5=7 478-7=471. Hope it helps :).

Explanation:

The approximate size of the initial population of the rats given the linear growth rate is 471.

When a population grows linearly,it increases by a fixed number each year. The equation that can be used to represent the linear growth is:

initial population  + (growth rate x number of years)

Initial population = population now - growth rate x number of years)

478 - (1.4 x 5) = 471

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A requested task is subject to be reported when it requires payment from the Workers in order to proceed with the task. The appropriate response is option D.

A task is an action that must be finished by a specific date or time in order to advance professional objectives. It is a minor but crucial task that helps to distinguish between different project components.

Work that needs to be done is referred to as a task, duty, job, chore, stint, or assignment. Task connotes work that is required by an employer, a higher authority figure, or other external factors. assigned a variety of duties. Duty denotes responsibility for performance or an obligation to perform.

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If the Reverend Petros receives an annual salary of 51,000 as full-time minister that includes 5000 designated as a rental allowance. The amount that must be include figuring that income for self-employed tax is : $51,000.

Annual salary can be defined as the amount a person earn as salary per year.

On the other hand self employed tax can be defined as the tax a  person that is solely working for his/her self  without working for any other person remit to the government.

Therefore the amount that must be include figuring that income for self-employed tax is  the amount of $51,000.

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1. At 10% compounded interest for three years, the value of investing $3,000 to buy new audio for your automobile is $2,253.94.

2. Compound interest on a $5,000.00 principal at an annual rate of 8% compounded once a year for 12 years equals $12,590.85.

Calculation of Compound interest

Given Data

Principal = $5,000

Time = 12 years

Rate = 8%

Assuming a compounded interest approach

A = P + I

where;

P (principal) = $5,000.00

I (interest) = $7,590.85

Calculation Steps:

First, convert R as a percent to "r" as a "decimal"

\(r = \frac{R}{100}\\\\r = \frac{8}{100}\\\\r = 0.08 \text{ rate per year}\)

Then solve the "equation for A"

\(A = P(1 + \frac{r}{n}) nt\\\\A = 5,000.00(1 + \frac{0.08}{1})(1)(12)\\\\A = 5,000.00(1 + 0.08)(12)\\\\A = 12,590.85\)

Thus, at 10% compounded interest for three years, the value of investing $3,000 to buy a new radio for your car is $2,253.94, whereas the fund in which the grandfather invested $5,000 at an 8% rate of return will be worth $12,590.85 in 12 years.

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The homeowner's insurance company will pay for the damages an amount of $41,325.

Insurance is financial product that provides protection against the potential financial losses. It works on the principle of risk-sharing, where a large number of individuals or organizations pool their money together to create a fund that can be used to compensate for losses that might occur to any member of the group. In exchange for a premium, an insurance company promises to pay out a certain amount of money in case of a covered event such as illness, accidents, or property damage. The purpose of insurance is to provide a sense of security and financial stability to individuals and organizations, enabling them to manage risks and protect themselves against unforeseen events.

Insurance company will pay= $42,500 - $1,175 = $41,325

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Answer:

a major advantage to a business residence situation is difficult depending on how you handle the situation.

a) A family business pertains to a corporation on which one or multiple relations of a household invest in and manage it. These companies might be transferred throughout patriarchies and generally feature close familial ties and concentration on preventing long-term anticipations.

b) Invention speaks about the invention and integration of innovative or better services, items, or processes that lead to noticeable changes or values. It integrates originality, hazard taking, and readiness to defy the traditionally accepted standards for the idea of advancing and sufficing customers’ desires or resolving issues.

c) Small business refers to an enterprise with restricted personnel and usually possessed capacity. These businesses can originated from single proprietors and serve narrow demographics or vicinity markets.

d) Networking outlines the method of cultivating and preserving interactions with individuals' collections in order to exchange knowledge, investments, and chances. It includes communally dynamic attitude, productive communication, and respect to collaborate and exchange experience.

e) Entrepreneurship portrays the process of starting and regulating a new commercial venture. It incorporates recognizing an absence or other possibility in the market, manufacturing a service/product to meet that want, and bringing into fruition via tactical planning, risk-taking, and novelty. Businesspeople normally possess a mix of creative imagination, passion, and firm understanding.

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