A sample size no smaller than 1454 is needed to satisfy the desired margin of error.
What is margin of error?Margin of error is a measure of the uncertainty associated with an estimate of a population parameter, such as a mean, proportion, or percentage. It is typically expressed as a percentage of the estimate and is derived from the standard error of the statistic, the sample size, and the confidence level. Margin of error provides an indication of the range of values that a statistic might have if the same sample were to be repeated multiple times.
The required sample size can be calculated using the formula n = (zα/2/E)2p*(1-p*), where zα/2 is the critical value for a 99% confidence level (2.576), E is the desired margin of error (0.05), and p* is the planning value for the population proportion (0.13). Plugging in the given values, we get:
n = (2.576/0.05)2*0.13*(1-0.13)
n = 1453.9
Therefore, a sample size no smaller than 1454 is needed to satisfy the desired margin of error.
To learn more about margin of error
https://brainly.com/question/30355854
#SPJ1
write and define the following the classification of receivable
Accounts receivable can be classified in different ways, depending on various criteria. Some common ways to classify accounts receivable include .
Define the following the classification of receivable ?Trade and non-trade receivables: Trade receivables are amounts owed to a company by its customers for the sale of goods or services. Non-trade receivables are amounts owed to a company by other parties, such as employees, tax authorities, or insurance companies.
Current and non-current receivables: Current receivables are amounts that are expected to be collected within one year, while non-current receivables are amounts that are expected to be collected beyond one year.
Secured and unsecured receivables: Secured receivables are backed by collateral, such as property or inventory, while unsecured receivables are not.
Factored and non-factored receivables: Factored receivables are those that a company sells to a third party, known as a factor, in exchange for cash. Non-factored receivables are those that a company keeps on its balance sheet and collects directly from its customers.
Gross and net receivables: Gross receivables are the total amounts owed to a company by its customers, while net receivables are the amounts owed to a company after deducting allowances for bad debts or other adjustments.
Past due receivables: These are accounts receivable that are not paid within the payment terms agreed with the customer. Generally, receivables that remain unpaid for a specified number of days are considered past due.
Overall, classifying accounts receivable can help a company better understand its outstanding balances and identify areas where it may need to improve its collection efforts.
Learn more about receivable here
https://brainly.com/question/27962122
#SPJ9
Determine the total annual fica tax for an annual salary of $38,480. (fica is 7. 65%) a. $294. 37 b. $717. 96 c. $2,385. 76 d. $2,943. 72.
The correct option is D. the overall annual FICA tax for an annual income of $38,480 is $2,943.72
The FICA tax for an annual income of $38,480 would be:
FICA tax = 0.0765 x $38,480
FICA tax = $2,943.72
FICA stands for Federal Insurance Contributions Act, which is a law that requires employers to withhold a portion of their employee's wages to fund two government-run social programs: Social Security and Medicare. FICA tax is the tax that is withheld from an employee's paycheck to fund these programs.
Employers are required to match their employees' FICA tax contributions, which means that they are also responsible for paying a portion of their employees' Social Security and Medicare taxes. The combined employee and employer contributions make up the total FICA tax payment.
FICA tax is an important source of funding for Social Security and Medicare, which provide financial support to retired and disabled individuals, as well as medical care for those over 65 years of age.
To learn more about FICA taxes visit here:
brainly.com/question/17276403
#SPJ4
Which of the following levels of profitability in a multiple-step income statement represents revenues from the sale of inventory less the cost of that inventory?
Gross profit.
Operating income.
Income before income taxes.
Net income.
The answer is Option A. Gross profit. Gross profit levels of profitability in a multiple-step income statement represents revenues from the sale of inventory less the cost of that inventory.
What is a sale?A sale is a deal that involves giving something away in exchange for cash and/or other goods or services. In other terms, a sale is any action that involves giving the buyer ownership of a thing or commodity in return for payment of a certain amount.
What exactly does a business's sales definition entail?Every transaction where money or value is transferred for the right to own a good or access to a service is referred to as a sale in regular commercial operations. The term "sales" in accounting refers to the money a business makes through selling goods or services (net sales).
To know more about Sales visit:
https://brainly.com/question/29436143
#SPJ1
Which of the following most involves coordinating the activities among all the elements of the business including its suppliers and distributors?Multiple Choice- pollution control- quality management- supply chain management- competition from foreign manufacturers- technological change
The following that involves coordinating the activities among all the elements of the business including its suppliers and distributor is supply chain management. The correct option is c.
What is supply chain management?Supply chain management is the management of the flow of goods and services and includes all processes that transform raw materials into final products. It involves the active streamlining of a business's supply-side activities to maximize customer value and gain a competitive advantage in the marketplace. Good supply chain management keeps companies out of the headlines and away from expensive recalls and lawsuits.
The five most critical elements of SCM are developing a strategy, sourcing raw materials, production, distribution, and returns.
Learn more about management, here:
https://brainly.com/question/29023210
#SPJ1
As part of convergence efforts, the FASB and IASB have developed a common definition and common set of financial statement ____ for discontinued operations.
In an effort to achieve convergence, the FASB and IASB have developed a shared definition and set of "presentation requirements" for financial statements for discontinued businesses. An entity's discontinued activities are those parts that have either been sold or are indicated as being held for sale.
What do FASB and IASB stand for?In order to enhance comparability and simplify the financial statement-reading process for users, the FASB and IASB have sought to align their accounting principles with regard to discontinued businesses. This entails creating a standard definition and a set of presentation guidelines that both FASB and IASB must adhere to.
In addition to the International Accounting Standard Board (IASB), the Financial Accounting Standards Board (FASB) is mentioned. The accounting subject is present on these two boards. The IASB focused on global standards, whereas the FASB focused on American accounting rules.
To know more about FASB and IASB visit:
brainly.com/question/17407458
#SPJ1
agricultural practices accounts for the greatest share of emissions per year (1960-2010)?
A major portion of the world's greenhouse gas emissions are caused by agriculture. Climate Change and Land: Special Report of the IPCC (...
What are the 3 types of emissions?
Agriculture is largely responsible for the global greenhouse gas emissions. Special Report of the IPCC on Climate Change and Land (...
Scope 1 includes direct emissions from sources that are controlled or owned by a party. Indirect emissions from scope 2 are responsible for the production of the steam, heat, cooling, and electricity that the reporting company purchases. Scope 3 includes the value chain for additional indirect emissions from a corporation.
Burps, radio transmissions, and vehicle exhaust are all examples of emissions. Science defines an emission as something that has been released into the open. Yet more often than not, it references to airborne pollutants like greenhouse gases or emissions from factories and power plants.
Know more about agriculture Visit:
https://brainly.com/question/11158509
#SPJ1
You are a pension consultant who was recently engaged by Awesome Benefit Company (ABC) to become the valuation actuary for their frozen defined benefit pension plan. You have also been hired to help with delivering and tracking a funding strategy for the maintenance and eventual termination of the plan. • Your assignment with the pension plan is brand new to your consulting firm and the valuation processes are being initiated for the first time. You will be given experience data and prior valuations from the previous actuary. • The plan has an annual valuation every January 1. • The plan was frozen (no additional benefit accruals for plan participants) 5 years ago. • ABC has adopted a liability driven investment (LDI) strategy to maintain funded status. • The LDI strategy involves creating an asset mix of similar nature to the characteristics of the plan liabilities (e.g. duration matching) to prevent large swings in funded status).
As the valuation actuary for ABC's frozen defined benefit pension plan, my main responsibilities will include conducting the annual valuation of the plan, helping to develop and track a funding strategy for the maintenance and eventual termination of the plan, and analyzing experience data and prior valuations from the previous actuary.
In order to conduct the annual valuation, I will need to gather and analyze data on the plan's assets, liabilities, and participants. This will involve using actuarial assumptions and methods to estimate the plan's future benefit obligations and comparing them to the current value of the plan's assets.
Additionally, I will work with ABC to develop a funding strategy that is consistent with their liability driven investment (LDI) strategy. This will involve creating an asset mix that matches the characteristics of the plan's liabilities in order to prevent large swings in funded status. I will also be responsible for tracking the progress of this funding strategy and making any necessary adjustments.
Finally, I will analyze the experience data and prior valuations from the previous actuary in order to gain a better understanding of the plan's history and make informed decisions about the plan's future. This will involve examining trends in the plan's assets, liabilities, and participant demographics, and using this information to make recommendations for the plan's future funding strategy.
To know more, check out: https://brainly.com/question/29851656
#SPJ1
answer the question based on the given supply and demand data for wheat. bushels demanded per month price per bushel bushels supplied per month 45 $ 5 77 50 4 73 56 3 68 61 2 61 67 1 57 if the price in this market was $4, multiple choice farmers would not be able to sell all their wheat. buyers would want to purchase more wheat than is currently being supplied. the market would clear; quantity demanded would equal quantity supplied.
The given statement claims that the following price shift will cause the amount of wheat distributed to decrease.
Why is the market collapsing?There are many reasons why the stock market declines, but the declining economy is the most frequent one. Companies lose money when the economy weakens, and buyers worry that those who won't be able to earn a living inside the future.
How did the market collapse turn out?Because companies had invested money in stocks in addition to private investors, the stock market collapse severely damaged the American economy. The stock market collapse cost companies money. Additionally, consumers lost money as a result of numerous institutions investing customer funds without their awareness or consent.
To know more about Market visit:
https://brainly.com/question/28267513
#SPJ1
The ledger of Wildhorse Co. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Debit Credit Supplies $6,300 Prepaid Insurance 7,560 Equipment 52,500 Accumulated Depreciation-Equipment $17,640 Notes Payable 42,000 Unearned Rent Revenue 26,040 Rent Revenue 126,000 Interest Expense Salaries and Wages Expense 29,400 An analysis of the accounts shows the following. 1. The equipment depreciates $588 per month. 2. Half of the unearned rent revenue was earned during the quarter. 3. Interest of $840 is accrued on the notes payable. 4. Supplies on hand total $1,785. 5. Insurance expires at the rate of $840 per month.
Adjusting entries are necessary at the end of the accounting period to update the accounts and ensure that they reflect the true financial position of the company.
How can it be calculated in detail?Equipment depreciates at a rate of $588 per month, and there are three months in the current quarter (January to March). Depreciation costs for the quarter are as follows: $588 per month x 3 months = $1,764
The adjustment is as follows:
$1,764 was spent on depreciation.
$1,764 in Equipment Accumulated Depreciation
Unearned Rent Revenue: A quarter's worth of unearned rent money, or $26,040 divided by two, equals $13,020. The adjustment is as follows:
$13,020 in unearned rent income
$13,020 in rental income
There are $1,785 worth of supplies on hand. The adjustment is as follows:
Supply Cost $4,515 Supply Cost $4,515
Calculation:
Amount of supplies on hand (given): $1,785
Purchasing supplies cost $6,300 minus $1,785 equals $4,515.
Supply cost: $4,515 (Supplies purchased) Original supply cost of $6,300 less ($1,785) (negative, as we have excess supplies on hand)
In order to correct the Supplies account, the entries are Supplies Expense (Debit) $4,515 and Supplies (Credit) $4,515.
Prepaid insurance: From April to December, there are nine months of coverage, which equates to a total expiration of $7,560 at the cost of $840 per month. The adjustment is:
$2,500 spent on insurance
Insurance paid up front $2,520
Prepaid insurance given equals $7,560 in calculations.
Insurance lapsed; $840 per month times three months (Jan. to March); $2,520.
Insurance Expenditure (Debit) $2,520 and Prepaid Insurance (Credit) $2,520 are the entries to change the Prepaid Insurance account.
$1,785 in Credit/Debit Supplies Prepaid Insurance 5,040 Assets 52,500 Accumulated Equipment Depreciation $19,404 Notes Due 840 Unearned Rent Revenue Payable 42,000 Interest Payable 13,020 Rent Revenue: 139.020 Interest Cost: 840 Supply Cost: 4.515 Insurance Cost: 2.520 Salary and Wages Cost: 29.400
To learn more about accounts visit here:
https://brainly.com/question/22917325
#SPJ1
you borrow $ 200 $200dollar sign, 200 from the first bank of westeros to purchase kraken repellant. the bank charges a fixed nominal interest rate of 18 % 18, percent per year and you will repay them in one year. you and the bank both anticipate that there will be 7 % 7%7, percent inflation. however, after the loan agreement is signed, the rate of inflation turns out to be 9 % 9%9, percent.Who is hurt by this unanticipated inflation, and why are they hurt by it?
The bank suffers as a result of the declining value of what is reimbursed is hurt by this unanticipated inflation.
What is a simple loan agreement?A basic loan is a one-page written contract between a party lending money and a party receiving the loan. The document's goal is to establish the legally binding conditions, such as the payment schedule a borrower would be expected to adhere to, that will stay in force until the loan is repaid.
Are loan agreements legal?For a variety of reasons, loan agreements are advantageous to both borrowers and lenders. In particular, this enforceable agreement safeguards both of their rights in the event that one party doesn't uphold its terms. A loan agreement also benefits a lender since it: Legally upholds a borrower's obligation to repay the loan's debt.
To know more about Loan agreement visit:
https://brainly.com/question/29035388
#SPJ1
if your purchases of yoga pants increase from 9 pairs per year to 11 pairs per year when your income increases from $39,000 to $44,000 a year, for you, yoga pants are a(n) ____ good. group of answer choices a. normal b. inferior c. complementary d. substitute
if your purchases of yoga pants increase from 9 pairs per year to 11 pairs per year when your income increases from $39,000 to $44,000 a year, for you, yoga pants are a(n) normal good.
What is a normal good?As the consumer's income increased from $39,000 to $44,000 per year, their purchases of yoga pants also increased from 9 pairs per year to 11 pairs per year. This indicates that yoga pants are a normal good for this consumer, meaning that they have a positive income elasticity of demand.
In other words, as the consumer's income increases, their demand for yoga pants also increases, which may be due to the fact that they now have more disposable income to spend on non-essential items such as yoga pants.
Therefore the correct option is A.
Learn more about normal good here:https://brainly.com/question/15069740
#SPJ1
assume that maturity markets are completely segmented. if the treasury issues a large amount of long-term treasury bonds to finance the budget deficit, this would place pressure on -term yields. group of answer choices upward; long upward; short downward; long downward; short
If the treasury Issues a large amount of long-term treasury bonds to finance the budget deficit, this would place pressure on upward-term yields. The correct option is b.
What are treasury bonds?Treasury bonds are government debt securities issued by the U.S. Federal government that have maturities greater than 20 years. T-bonds earn periodic interest until maturity, at which point the owner is also paid a par amount equal to the principal. Treasury bonds are part of the larger category of U.S. sovereign debt known collectively as treasuries.
They are typically regarded as virtually risk-free since they are backed by the U.S. government's ability to tax its citbonds.
Learn more about treasury, here:
https://brainly.com/question/29655346
#SPJ1
at a firms current rate of output, the marginal cost is $65, the average variable cost is $35, the average fixed cost is $30 and the product price is $65. which of the following statements is true for the firm
a. economic profits are zero because price equals average total cost
b. decreasing average total cost through an increase in economies of scale
c. The accounting profits are less than her implicit costs
a. Economic profits are zero since the firm's following statements are accurate in that price equals average total cost.
What exactly are economic gains?The opportunity cost can be subtracted from the accounting profit to determine economic profit. The investment that the company will have to forgo making on the current opportunity is known as the opportunity cost. Often, accounting profit is what is meant when discussing profit in a business.
Hence, when we say that our company has made money, we are talking about an accounting profit. Economic profit is a crucial concept in trade-offs. An organization must select what it will invest in and produce. The corporation makes simultaneous investments in a variety of endeavors, and this will decide its profitability.
Learn more about economic profits with the help of the given link:
brainly.com/question/29585616
#SPJ1
What is the different between physical hazard and moral hazard
The difference between a physical hazard and moral hazard is that physical hazard can bring physical harm to people.
How do physical and moral hazards compare ?Physical hazard refers to the potential for physical harm or damage to people, property, or the environment. On the other hand, moral hazard refers to the potential for individuals or organizations to take risks or engage in harmful behavior because they are insulated from the consequences of their actions.
The key difference between physical hazard and moral hazard is that physical hazard involves the risk of physical harm or damage, while moral hazard involves the risk of individuals or organizations taking on excessive risk.
Find out more on physical hazard at https://brainly.com/question/7310653
#SPJ1
Answer: Physical hazards can be hurtful to people physically unlike moral hazards.
Explanation:
problem 3-5a (static) prepare financial statements from an adjusted trial balance when net income is positive (lo3-5) boilermaker unlimited specializes in building new homes and remodeling existing homes. remodeling projects include adding game rooms, changing kitchen cabinets and countertops, and updating bathrooms. below is the year-end adjusted trial balance of boilermaker unlimited.
Common stock beginning balance (Jan.1) of Boilermaker unlimited is $134,000 ( Common stock - Additional stock)
Trial Balance :A trial balance is a report that shows the current balances of all a company's general ledger accounts. Assets, liabilities, equity, revenues, expenses, gains, and losses are all linked to the accounts shown on a trial balance.
Trial BalanceBoilermaker Unlimited
Income Statement
For the Year Ended December 31 , 2018
Service revenues :
New construction $405,000
Remodeling $253,000
Total revenue (a) $658,000
Less: Expenses:
Salaries expense $151,000
Supplies expense $276,000
Depreciation expense $41,000
Insurance expense $24,100
Utilities expense $41,100
Interest expense $6,600
Service fee expense $64,000
Total expenses (b) $603,800
Net Income (a - b) $54,200
2. Boilermaker Unlimited
Statement of Stockholders Equity
For the Year Ended December 31, 2018
Common stock Retained earnings Total stockholders equity
Balance at January 1 $134,000 $69,500 $203,500
Additional stock issued $21,000
Add: Net income $54,200 $54,200
Less: Dividends -$25,100 -$25,100
Balance at December 31 $155,000 $98,600 $134,000
Total stockholder's equity = Common stock + Retained earnings
*Common stock beginning balance (Jan.1)= Common stock - Additional stock
$155,000-$21,000
= $134,000
Financial Statements: What Are They?Financial statements are written documents that describe a company's operations and financial performance. Accountants, businesses, government agencies, and others frequently audit financial statements. to guarantee accuracy and for investment, financing, and tax purposes.
Incomplete question :
Problem 3-5A Prepare financial statements from an adjusted trial balance when net income is positive (LO3-5) Boilermaker Unlimited specializes in building new homes and remodeling existing homes. Remodeling projects include adding game rooms, changing kitchen cabinets and countertops, and updating bathrooms. Below is the year-end adjusted trial balance of Boilermaker Unlimited BOILERMAKER UNLIMITED Adjusted Trial Balance December 31, 2018 Cash $ 15.100 Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Notes Payable (due in 5 years) Common Stock Retained Earnings Dividends $ 164,000 30,100 27.100 110,000 155,000 69,500 25,100 405,000 253,000 Salaries Expense Supplies Expense Depreciation Expense Insurance Expense Utilities Expense Interest Expense Service Fee Expense 151,000 276,000 41,000 24,100 41,100 6,600 64,000 Totals $1,217,800 $1,217,800
Learn more about financial statements:
brainly.com/question/26240841
#SPJ1
Consider the following network representation of transportation problem: Liain Omahi The supplies demands and transportation costs per unit are shown on the network: The optimal (cost minimizing) distribution plan is given below. Des Moines Kansas City St Louis Supply Jefferson City Omaha Demand Total Cost: $540 Find an Iternative optimal solution for the above problem. If your answer is zero enter "0"_ Des Moines Kansas City St Louis Jefferson City 20 10 Omaha 20 Total Cost: 540 Suedlae
A manufacturer produces a certain commodity at a number of different intersections and ships the goods to holding points or destinations for later distribution to stores and finally to the client.
What do you mean by Commodity?The commodity is the certain goods or raw material which is purchased by the company for sale.
Suppose the commodity is produced at m origins to move to n destination.
If it costs a certain amount to ship 1 unit from a given beginning to a given terminus, if each origin has a certain capableness for producing the commodity, and if each terminus requires a certain amount of the commodity, the transportation problem is to determine the number of units to transport from each plant to each terminus to minimize the overall shipping cost while fulfilling the given restraints.
Therefore, the Above is the representation of the transportation problems.
Learn more about Commodity, here;
https://brainly.com/question/23132703
#SPJ1
According to the tax schedule, rich has to pay $37,498. 00 in taxes. What is rich's taxable income?.
For the Rich, $180,000 in taxable income is necessary. The portion of your gross income known as "taxable income" is used to determine your tax liability for a certain tax year.
It can be roughly defined as adjusted gross income (AGI) less permitted standard or itemised deductions. Wages, salaries, bonuses, and gratuities are all considered forms of taxable income, as are investment income & different unearned income streams.
The Rich's additional taxable income after $160,700 should be denoted by the letter x. As shown in the question, the Rich must pay $37,498.00 in taxes.
Rich tax pay = 31,322 + 32% of x
37,498 = 31,322 + 32% × x
x = [37,498 - 31322] / 0.32
x = 19,300
Taxable income = $160,700 + 19300 = $1,80,000.
To learn more about taxable income visit;
https://brainly.com/question/17961582
#SPJ1
Fill in the missing value in the table below
Economics
The values based on the information given in the table will be:
1. Real GDP = 14925.591
2. Nominal GDP = 15783.762
3. Price Index = 1.052
4. Nominal GDP = 16966.49
5. Price Index = 1.087
6. Real GDP = 16518.66
What is Real GDP about?Real gross domestic product (GDP), which refers to the volume level of GDP, is GDP expressed at constant prices. By quantifying the values of all the goods and services produced in a given year in terms of a base period, one can derive constant price estimates of GDP.
However, nominal GDP is divided by the price index multiplied by 100 to get real GDP. The price index's value for the base year is set at 100 to make comparisons easier. Prices were typically lower prior to the base year, so those GDP estimates had to be inflated in order to be comparable to the base year.
Learn more about GDP on:
https://brainly.com/question/1383956
#SPJ1
americans tend to fly domestically multiple times per year. the number of times a sample of 38 families has taken a domestic flight last year has been included in the provided data set.Instructions: copy the sample data provided in the data table below (Ctrl-C) and paste Match Destination Formatting it into Worksheet Q5 to answer the following questions. Important: when copying the data set, make sure not to include the extra character (space) to the right of the bottom right table element, or the table will not parse properly in Excel. Flying per year (#) 1 1 4 80 11 2 103 5 4 14 14 4 76 7 3 15(a). Compute the mean and median, mean _____ median ______(b). Compute the first and third quarties first quartile ______ third quartile _______(C). Compute the range and interquartile range range _______Interquartile range ______(d). Compute the variance and standard deviation, Round your answers to two deomal places) variance ______standard deviation _______
The response will be: Mean: 24.95, Median: 7, First Quartile: 3, Third Quartile: 15, Range: 99, Interquartile Range: 12, Variance: 1653.53, Standard Deviation: 40.68
What is Variance?Variance is a measure of the spread or dispersion of a set of data. It is a measure of how far each value in the data set is from the mean. Variance is calculated by taking the average squared differences of each value from the mean and then dividing by the number of values in the data set. Variance can be used to analyze data, identify outliers, and identify trends in data sets. Variance can also be used to compare data sets and make predictions about future data. Variance can help to gain insight into the data and to make better decisions.
To learn more about Variance
https://brainly.com/question/29765393
#SPJ1
nayak associates performed services for $1,500 on account. this transaction would be recorded with which of the following entries?
Associates are typically entry-level positions for employees who are taking on their first job or organizational role.
Who are associates?The traditional entry-level position for workers starting their first employment or organizational role is an associate. They are placed in teams or departments based on their qualifications or history of education.
When an employee's title includes the phrase "associate," it indicates that they hold a lower-ranked position than their coworkers who do not. An associate manager, for instance, has a little less seniority than a manager.
Learn more about the associates here:
https://brainly.com/question/12782981
#SPJ1
If sales returns and allowances are a large dollar amount relative to initial sales revenue, it may mean O the shipping terms should be changed to FOB destination O the shipping terms should be changed to FOB shipping point O the discount period is too short O the discount period is too long O there are product quality issues
If sales returns and allowances are a large dollar amount relative to initial sales revenue, it may mean there are product quality issues. Thus, option E is correct.
What is product quality?Product quality describes how well a product meets industry standards, satisfies customer needs, and accomplishes its intended function. Businesses consider a number of important factors when assessing the quality of a product, including whether it solves a problem, functions effectively, or serves the needs of customers.
Companies may also assess a product's quality using a variety of viewpoints that illustrate how various audiences view a product's utility. Customer perspectives, manufacturing perspectives, product- and value-based perspectives, as well as transcendental perspectives—which weigh a product's value in relation to its price—should all be taken into account when evaluating product quality.
Learn more about product quality
https://brainly.com/question/16345222
#SPJ1
On December 31, 2017, Sheridan Company prepared an income statement and balance sheet, but failed to take into account three adjusting entries. The balance sheet showed total assets $183,000, total liabilities $85,400, and stockholders’ equity $97,600. The incorrect income statement showed net income of $85,400.
The data for the three adjusting entries were:
1. Salaries and wages amounting to $12,200 for the last 2 days in December were not paid and not recorded. The next payroll will be in January.
2. Rent payments of $9,760 was received for 2 months in advance on December 1. The entire amount was credited to Unearned Rent Revenue when paid.
3. Depreciation expense for 2017 is $10,980.
Complete the following table to correct the financial statement amounts shown (indicate deductions with parentheses).
Item Net Income Total Assets Total Liabilities Stockholders’ Equity
Incorrect balances $85,400 $183,000 $85,400 $97,600
effects of:
salaires and wages
rent rev
depreciation
correct balances
We can make a complete table to correct the financial statement amounts shown as net income and balances.
What is a financial statement and what is the correct table?Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes. For-profit primary financial statements include the balance sheet, income statement, statement of cash flow, and statement of changes in equity. Nonprofit entities use a similar but different set of financial statements.
The financial statements are used by investors, market analysts, and creditors to evaluate a company's financial health and earnings potential.
The image attached here shows the table
Learn more about financial, here:
https://brainly.com/question/29641948
#SPJ1
The shapes of the product life cycle for high-learning, low-learning, fashion, and fad products vary as does __________.
the actual length of time a given product stays in any given stage of the life cycle
Answer:
the actual length of time a given product stays in any given stage of the life cycle.
Explanation:
Having decided what you want to research, you now must decide what sources to use to gather your data. The following secondary resources are available. Which will you choose to use first? Bear in mind that using in-house databases costs very little, whereas using a commercial database will incur considerable expenses.
Select an option from the choices below and click Submit.
1- Use in-house year purchase history data from the past 10 years, which contains consumer profiles.
2- Don’t use any secondary sources—you prefer to use primary sources that target exactly the data you want.
3- Use an online commercial database that contains 15 years of eSports industry sales analysis and market profiles.
1- Use in-house year purchase history data from the past 10 years, which contains consumer profiles.
What is the purchase history?Purchase history is a record of all the purchases a customer has made over a certain period of time. This information can be used to track customer activity, identify any trends in customer behavior, and determine the effectiveness of marketing campaigns. It can also be used to provide personalized services and offers to customers based on their previous purchases. Purchase history is beneficial to both businesses and customers alike, as it helps to build customer loyalty and provide a better shopping experience. Businesses can use purchase history to analyse customer behavior, create targeted promotions and gain insights into what types of products customers prefer.
To learn more about purchase history
https://brainly.com/question/25200435
#SPJ1
It is frequently the companies rather than courts or legislatures that are defining the privacy rights of their online users. T/F.
Answer: true
Explanation:
no
Challenger Pediatrics has the following balances on December 31,2024 , before any adjustment: Accounts Receivable =$116,000. Allowance for Uncollectible Accounts =$1,900 (debit). On December 31,2024 , Challenger estimates uncollectible accounts to be 15% of accounts receivable. Required: 1. Record the adjusting entry for uncollectible accounts on December 31,2024. 2. Determine the amount at which bad debt expense is reported in the income statement and the allowance for uncollectible accounts is reported in the balance sheet. 3. Calculate net accounts receivable reported in the balance sheet.
The net accounts receivable reported in the balance sheet is $99,000.
How to Calculate Accounts in a Balance Sheet?1. The adjusting entry for uncollectible accounts on December 31, 2024 is:
Bad Debt Expense $17,100
Allowance for Uncollectible Accounts $17,100
The Bad Debt Expense is calculated as 15% of Accounts Receivable ($116,000 x 0.15 = $17,400), but since there is already a debit balance of $1,900 in the Allowance for Uncollectible Accounts, we only need to adjust for the difference ($17,400 - $1,900 = $15,500).
2. The amount at which bad debt expense is reported in the income statement is $17,100. The allowance for uncollectible accounts is reported in the balance sheet as $17,000 ($1,900 + $15,100).
3. Net accounts receivable reported in the balance sheet is calculated as Accounts Receivable minus the Allowance for Uncollectible Accounts:
Net Accounts Receivable = Accounts Receivable - Allowance for Uncollectible Accounts
= $116,000 - $17,000
= $99,000
Therefore, the net accounts receivable reported in the balance sheet is $99,000.
Learn more about balance sheet here: https://brainly.com/question/1113933
#SPJ1
Ricky Ripov’s Pawn Shop charges an interest rate of 12.5 percent per month on loans to its customers. Like all lenders, Ricky must report an APR to consumers. a. What rate should the shop report? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the effective annual rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
a. The APR that the Ricky Ripov’s Pawn Shop should report is 150%
b. The effective annual rate of the Ricky Ripov’s Pawn Shop is 203%
How to calculate annual rateThe interest rate charged by Ricky Ripov's Pawn Shop is 12.5% per month. To find the APR, we need to multiply this monthly rate by 12 to get the annual rate.
a. The APR that the shop should report is:
APR = 12.5% x 12 = 150%
b. The effective annual rate takes into account the effect of compounding interest. To find the effective annual rate, we use the following formula:
Effective annual rate = (1 + monthly interest rate)12 - 1
Effective annual rate = (1 + 0.125)12 - 1
Effective annual rate = 3.03 - 1
Effective annual rate = 203%
So the effective annual rate is 203%, which is higher than the APR of 150% because it takes into account the effect of compounding interest.
Learn more about annual rate at
https://brainly.com/question/17613825
#SPJ11
is the process by which a model (real or simulated) is constructed to assess a product's performance under actual operating conditions, as well as consumer reactions to the model.
"Prototype testing," is the process by which a model (real or simulated) is constructed to assess a product's performance under actual operating conditions, as well as consumer reactions to the model.
Hence, option (a) is correct choice.
A physical prototype of a system or product is developed and evaluated as part of the prototype testing process to assess its functionality, performance, and user experience. Before the product is created and made available on the market, prototype testing seeks to find and correct any problems or defects in the design. Testing prototypes early in the product development process helps to lower the risk of expensive design mistakes and potential failures. Moreover, it gives engineers and designers a chance to hear from consumers and other interested parties and incorporate that input into future design revisions.For more such questions on product testing
https://brainly.com/question/28013469
#SPJ4
The complete question may be:
_______________is the process by which a model (real or simulated) is constructed to assess a product's performance under actual operating conditions, as well as consumer reactions to the model.
(a) Prototype testing
(b) Product testing
(c) Marketing testing
(d) Market surveying
under the uniform regulation of business and professions act (urbpa),what actions by a licensee would constitute unprofessional conduct?
The action by a licensee under the e uniform regulation of business and professions act (urbpa) that would constitute unprofessional conduct is failure to provide a buyer with the property disclosure form.
Who is a licensee?A licensee is any business, organisation, or individual who has been granted legal permission to engage in an activity by another entity. The permission, or license, can be given on an express or implied basis.
The Uniform Regulation of Business and Professions Act governs unlicensed practice, license issuance and denial, and licensee discipline. It defines inappropriate behavior as grounds for disciplinary action.
Therefore, failure to provide a buyer with the property disclosure form will be treated as unprofessional conduct of a licensee.
To learn more about licensee, click here:
https://brainly.com/question/29804028
#SPJ1
T/ F : at burger king, multiple items such as a cheeseburger, french fries, and a drink are combined together to create a complete meal. this is an example of diversification.