Helen bought 15 bags of chips and 8 bags of pretzels.
Let's assume that Helen bought x bags of chips and y bags of pretzels. We can set up a system of equations grounded on the given information
x +y = 23( the total number of snacks bought was 23)
x0.5 +y = 7.75( the total cost of the snacks was$7.75)
To break for x and y, we can use the first equation to break for one of the variables in terms of the other
x+ y = 23
y = 23- x
We can also substitute this expression for y into the alternate equation and break for x
x0.5+ y = 7.75
x0.5( 23- x) = 7.75
x11.5-0.5 x = 7.75 -0.25 x = -3.75
x = 15
So, Helen bought 15 bags of chips.
We can also use the first equation to break for y
x+ y = 23 - 15
y = 8 thus, Helen bought 15 bags of chips and 8 bags of pretzels.
Learn more about problems of chips and pretzels at
https://brainly.com/question/891951
#SPJ4
the supplies account had a beginning balance of $6,230 and was debited for $2,990 for supplies purchased during the year. journalize the adjusting entry required at the end of the year, assuming the amount of supplies on hand is $3,130. if an amount box does not require an entry, leave it blank.
The supplies account had a beginning balance of $6,230 and was debited for $2,990 for supplies purchased during the year. This means that the total amount of supplies for the year is $9,220 ($6,230 + $2,990). However, at the end of the year, the amount of supplies on hand is $3,130. This means that $6,090 ($9,220 - $3,130) worth of supplies were used during the year.
To journalize the adjusting entry required at the end of the year, we need to credit the supplies account for the amount of supplies used during the year ($6,090) and debit the supplies expense account for the same amount. This will reduce the supplies account to the correct ending balance of $3,130 and record the supplies expense for the year.
The journal entry would be as follows:
Account Debit Credit
Supplies Expense $6,090
Supplies $6,090
This journal entry accurately reflects the amount of supplies used during the year and the amount of supplies on hand at the end of the year.
To know more, check out: https://brainly.com/question/28867174
#SPJ1
cash flows occurring in different periods should not be compared unless:interest rates are expected to be stable.the cash flows occur no more than one year from each other.high rates of interest can be earned on the flows.the cash flows have been discounted to a common date.
Option (d), It is not recommended to compare cash flows from various eras unless the cash flows have been discounted to the same date.
Is a measurement of the present value of a future cash flow or the future value of an investment that is used to compare cash flows over time.Present value (PV) is the current value of a future financial asset or stream of cash flows with a specific rate of return. The present value is calculated by applying a discount rate or the interest rate that could be attained through investing to the future value.
Why does discounted cash flow beat out undiscounted cash flow?Discounted cash flows are highly exact because they take into account the value of time. Undiscounted cash flows are less accurate since they don't account for the value of time.
Learn more about Present value (PV): https://brainly.com/question/16554334
#SPJ1
Which of the following is true for business process reengineering?
A. Business process reengineering is efficient, fast, and economical.
B. Business process reengineering, when combined with ERP, has a 100 percent success rate.
C. Systems analysts need to interview key personnel throughout the organization to determine how best to use the new technology.
D. Due to its streamlined process, business process reengineering requires very little time and expertise.
Answer:
C. Systems analysts need to interview key personnel throughout the organization to determine how best to use the new technology.
Explanation:
Option C is true for business process reengineering. Business process reengineering is a management strategy that involves the redesign of business processes and workflows to improve efficiency, reduce costs, and enhance customer service. Systems analysts are an important part of the business process reengineering team, and they work with key personnel from all areas of the organization to identify inefficiencies, redesign processes, and implement new technology solutions to improve business processes. By interviewing key personnel throughout the organization, systems analysts can gain a better understanding of the existing business processes and identify areas for improvement. This collaborative approach ensures that the new processes and technology solutions are tailored to the specific needs and goals of the organization, leading to more successful outcomes.
a new manager has been in their role for three months. they take time each day to get to know and socialize with their team, and are often meeting with employees to discuss various challenges they are facing. however, work efficiency is down and project deadlines are not being met. it is likely that this manager is disproportionately in their leadership style. Group of answer choices: A) relationship-oriented
B) task-oriented
C) authoritarian
D) laissez-faire
It is likely that this manager is disproportionately relationship-oriented in their leadership style. option [A] is the correct answer for the above statement.
A Leadership Style is what?
A leader's leadership style is the method they use to help their team reach its goal by inspiring team members to work together and putting an emphasis on their welfare. For a team to function well, continue to grow, and accept change, it is essential to comprehend the leadership style.
Relationship-oriented leadership, also known as relationship-focused leadership, is a behavioral strategy in which the team leader places special emphasis on the team members' motivation, satisfaction, and overall well-being.
Therefore, This manager's leadership style is perhaps excessively relationship-oriented.
Learn more about Leadership Style from the given link.
https://brainly.com/question/12535803
#SPJ1
Lasting Impressions Co. records all cash receipts on the basis of its cash register tapes. Lasting Impressions Co. discovered during April 2012 that one of its sales clerks had stolen an undetermined amount of cash receipts when she took the daily deposits to the bank. The following data have been gathered for April:
Cash in bank according to the general ledger 9300
Cash according to the April 30, 2012, bank statement 20700
Outstanding checks as of April 30, 2012 6800
Bank service charge for April 100
Note receivable, including interest collected by bank in April 10700
No deposits were in transit on April 30.
Determine the amount of cash receipts stolen by the sales clerk.
The sales clerk has stolen $8,300 worth of cash receipts.
What are cash receipts?Any funds that a business receives in the form of cash payments from clients, customers, or other sources are referred to as cash receipts. These receipts could originate from a number of different places, including sales of goods or services, rental income, interest income, or any other cash inflows. In order to accurately reflect a company's financial position, cash receipts are a crucial component of its cash flow and are recorded in the accounting records of the company. Usually, they are documented using tapes from the cash register or other payment receipts. Companies can make sure they have enough money to pay their bills, fulfil their obligations, and invest in growth opportunities by tracking and managing their cash receipts.
To learn more about cash receipts visit:
https://brainly.com/question/23980227
#SPJ1
TRUE OR FALSE although messages may have a primary and a secondary audience, the writer needs to profile only the primary audience to determine the best presentation of the message.
Despite the possibility of a primary and secondary audience for communications, the writer must only profile the core target to decide on the most effective presentation.
What does it mean that it's a possibility?
When you say something has a chance of happening or that it might, you suggest that it could be the case or that it might.
In a nutshell, a chance is anything that unexpectedly happens to you, a potential is something that could be done or gained in the future, and an opportunity denotes that something has a good probability of happening.
An adverb that denotes possibility is "maybe." As a result, it is a synonym for the adverbs probably and possibly. For instance, Susanna said, "Maybe later, you and I can go swimming together down at the holler."
Know more about probability Visit:
https://brainly.com/question/29381779
#SPJ1
in the real world, the required rate of return to lending your friend money is the sum of (choose all that apply)
In the real world, the required rate of return to lending your friend money could be affected by several factors. Some of these factors could include:
The risk-free rate of return: This is the theoretical rate of return of an investment with no risk of loss. It could be based on the yield of a government bond or other similarly low-risk investment.
Inflation: If inflation is expected to reduce the purchasing power of the money over time, the required rate of return would need to be higher to compensate for this loss.
What is lending?Others are:
The risk of default: If there is a chance that your friend may not be able to repay the loan, the required rate of return would need to be higher to compensate for this risk.
Opportunity cost: The required rate of return could also be influenced by the potential returns that could be earned from alternative investments, such as stocks or bonds.
Therefore, the sum of the required rate of return would depend on the weight or importance placed on each of these factors.
Learn more about lending from
https://brainly.com/question/26913200
#SPJ1
which of the following is the price a lender believes the property will bring at a foreclosure sale?
Answer:Mortgage value is based on what lenders would hope to recoup (Insured value)
Explanation:
one measure of the opportunity cost for owned farmland is the value for which it could be cash rented to another producer.
It is accurate, of course. Opportunity cost is the value of the advantages that could have been attained by selecting an alternative course of action. It is defined as the cost of the next best choice foregone.
How can it be explained in detail?Due to the fact that cash rent represents the market value of the land's usage by another producer, it may be used as a proxy for calculating the opportunity cost of owned farmland. The sum of money that a farmer pays to rent farmland for a set amount of time, often a year, is known as cash rent. The opportunity cost of utilizing the farmland for one's own agricultural operations is the monetary rent one would have been able to obtain had they chosen to utilize it for those purposes rather than rent it out.
Of course, there are other variables that can potentially affect the opportunity cost of owned property, such as the potential returns from other investments or the worth of intangible advantages associated with owning and running a farm. For determining the potential cost of owned farmland, the value of cash rent is a frequently used benchmark.
To learn more about costs visit here:
https://brainly.com/question/13036997
#SPJ1
A project costs $20,000, will be depreciated straight-line to zero over its 3-year life, will require a net working capital investment of $5,000 up front, has a tax rate of 34% and a required return of 10%. The fixed assets will be sold for $2,000 at the end of year three. The project generates OCF of $13,000. What is the NPV for this project?
$10,724
$11,033
$12,077
$13,426
The NPV for this project based on the information will be C. $12,077
What is NPV?It should be noted that Net present value (NPV) is used to calculate the current value of a future stream of payments from a company, project, or investment. In this case, to calculate NPV, you need to estimate the timing and amount of future cash flows and pick a discount rate equal to the minimum acceptable rate of return.
The net present value or net present worth applies to a series of cash flows occurring at different times. The present value of a cash flow depends on the interval of time between now and the cash flow. It also depends on the discount rate. NPV accounts for the time value of money. In this case, the value is $12077.
Learn more about NPV on:
https://brainly.com/question/18848923
#SPJ1
Which of the following combinations of actions will likely provide the greatest assistance in helping a company achieve a differentiation-based competitive advantage over some/many of its rivals? A. Using 70% superior materials to produce branded footwear at all of the company's production facilities, spending above-average amounts on brand advertising in all four geographic regions, offering free shipping to online buyers in 3 geographic regions, and delivering orders to branded footwear retailers in 1 week B. Raising worker base pay by 10% or more each year at all of the company's production facilities, charging prices for branded footwear that are $2 below the industry average in both the Internet and Wholesale segments in all four geographic regions, spending $3,000 per worker on best practices training at each production facility, and having the largest production capacity of any company in the industry
C. Compensating production workers at levels that are above the industry average in all regions where the company has production facilities, achieving the lowest reject rates of any company in those regions where it has production facilities, selling branded footwear with a 6-star rating in all four geographic regions, and offering 250 models/styles in all four geographic regions D. Achieving and maintaining a celebrity appeal rating of 190 or higher in all four geographic regions, selling branded footwear with a 7.3-star or higher S/Q rating in all four geographic regions, and offering 500 models/styles to buyers in all four geographic regions E. Delivering orders to branded footwear retailers in 2 weeks in all four geographic regions, spending above-average amounts for search engine advertising in all four geographic regions, offering a mail-in rebate of $6 in each geographic region, and charging prices for branded footwear that are $5 below the industry-high in both the Internet and Wholesale seaments in all four geographic regions
Option 4 is the right option to gain a competitive advantage by harnessing and maintaining celebrity appeal and delivering premium quality footwear across all four regions. The main thing is that it offers buyers a variety of designs/models/styles, it's the point of differentiation.
The required details for Competitive advantage in given paragraph
Competitive advantage refers to the factors that enable a firm to produce better or cheaper goods or services than its competitors. These factors enable the manufacturing company to achieve higher sales or higher margins than its market competitors. Competitive advantages are attributed to various factors, including cost structure, brand, quality of products offered, distribution network, intellectual property, and customer service. Competitive advantage is what makes a company's products or services more attractive to customers than those of another competitor. Competitive advantages can be divided into comparative advantages and differentiating advantages.
Comparative advantage is a firm's ability to produce something more efficiently than a competitor, resulting in higher profit margins. Differentiation advantage exists when a company's products are perceived as unique and superior to the products of its competitors.
To know about Competitive advantage click here
https://brainly.com/question/26514848
#SPJ1
Albert invested money into the stock market, and the table represents his earnings. What type of function could be used to model his bank account as a function of time? justify your answer.
Due to the fact that the balance between the weeks frequently differs, this function is linear.
Amount is initially computed using the exponential function, A=P(1+r/n)nt, where n is the number of times interest is compounded annually, to determine the interest that has accrued over a period of time. If n=1, as is typically the case with bank accounts, A= P(1+r)t, where t is the period in years. A portion of your account balance will be paid to you as interest if you deposit money in a savings account at the end of each period, which is normally one month or one day. For instance, if the time frame is a month, this procedure is known as monthly compounding.
Learn more about function here:
https://brainly.com/question/12431044
#SPJ4
Suppose Carlospurchased an NCD a year ago on the secondary market for $99,400 and redeems it today upon maturity for $100,000 plus $3,500 in interest. The annualized yield on this NCD is: O 3.75%O 3.91% O 4.12% O 4.20%
The annualized yield on the NCD is 4.0857%, which is closest to option (B) 3.91%.
To calculate the annualized yield on the NCD, we can use the following formula:
Annualized yield = [(Redemption value/Purchase price)^(1/n)] - 1
Where:
Redemption value = $100,000 + $3,500 = $103,500
Purchase price = $99,400
n = 1 (since the NCD was held for one year)
Plugging in the values, we get:
Annualized yield = [(103500/99400)^(1/1)] - 1
= (1.040857 - 1)
= 0.040857 or 4.0857%
Therefore, the annualized yield on the NCD is 4.0857%, which is closest to option (B) 3.91%.
To know more about Redemption value here
https://brainly.com/question/20377956
#SPJ1
which of the following courses of action will a profit-maximizing firm currently producing a quantity at which price is less than average variable cost pursue in the short-run and, assuming its circumstances do not change, in the long-run?
In economics, profit maximization is the short-run or long-run process by which a firm may determine the price, input, and output levels.
What is the meaning of Profit maximization?Profit maximization in economics refers to the short- or long-term process through which a firm chooses the prices, input levels, and output levels that will produce the largest feasible total profit.
Profit maximization is really a process that businesses go through to make sure the best levels of output and prices are realized in order to maximize their returns. The company modifies important variables like sale price, production costs, and output levels in order to achieve its profit objectives.
Making anything as big or as wonderful as you can is referred to as maximization. Get the most money out of your assets if profit maximization is something that interests you.
Learn more about Profit Maximization here:
https://brainly.com/question/17233964
#SPJ1
Tom has a rider on his disability income policy that guarantees the right to increase his benefits without a medical exam. What kind of rider is this?a. waiver of premium riderb. guaranteed benefit riderc. payor benefit riderd. guaranteed insurability rider
Tom is a Guaranteed benefit rider since has a rider on his disability income policy that guarantees the right to increase his benefits without a medical exam. The correct option is b.
What is a guaranteed lifetime withdrawal benefit rider?A guaranteed lifetime withdrawal benefit is a rider to a variable annuity that provides a minimum payout level, even if market losses reduce the cash value of our contract. Most of these riders also allow us to make withdrawals from our cash value as needed.
We typically pay for the guaranteed lifetime withdrawal benefit rider with annual fees that can vary based on the issuer.
Learn more about benefit, here:
https://brainly.com/question/1913628
#SPJ1
Select all that apply. Which of the following payroll-related taxes must the employer pay by law? a. Union dues b. Federal Insurance Contributions Act
In most cases, employers are required to deduct social security and Medicare taxes from employee paychecks and pay the employer portion of these taxes.
What do the terms "employer" and "employee" mean?
An employer is a person or organization that hires workers to perform work and duties, whereas an employee is a person who works for a corporation and receives a wage.
An employer is a person, business, or other entity that pays workers for their labor. Employees are those who are paid for their labor. Employers create jobs.
Instead of listing your boss' name on a job application, use the name of the company or organization you presently work for or have previously worked for.
Know more about security Visit:
https://brainly.com/question/8293680
#SPJ1
Paying down debt in ____________atur months or less works best for most people.
Paying down debt in 12 months or less works best for most people.
What is debt ?Debt is an obligation to repay a loan or other financial obligation. It is borrowed money, goods, or services that the borrower is responsible to repay, usually with interest. Debt can be secured by collateral, such as property, or unsecured, such as a credit card balance. It is important to understand the terms of the loan, including the interest rate and repayment schedule, to ensure that the debt can be paid back in a timely manner.
This allows individuals to make consistent, regular payments to pay off their debt as quickly as possible. It also gives individuals a timeframe that they can work towards and a goal that they can strive to achieve. Making consistent payments each month will help individuals pay off their debts faster, while also avoiding late fees and other penalties.
To learn more about debt
https://brainly.com/question/25035804
#SPJ1
a degree of combined leverage of 2 indicates that a 1% change in sales will be reflected by a % change in earnings per share. (enter a whole number without the % sign).
A 1% change in sales will be reflected by a 1.33% change in earnings per share given the DOL and DFL assumptions.
What is meant by combined leverage?Combined leverage refers to high profits as a result of fixed costs. It combines fixed operating and financial expenses. It denotes fixed-amount leverage benefits and risks.
A degree of combined leverage (DCL) is the product of the degree of operating leverage (DOL) and degree of financial leverage (DFL), which together indicate the impact of changes in sales on earnings per share.
The formula for DCL is: DCL = DOL x DFL
DOL measures the sensitivity of earnings before interest and taxes (EBIT) to changes in sales and is calculated as DOL = (% change in EBIT) / (% change in sales)
DFL measures the sensitivity of earnings per share (EPS) to changes in EBIT and is calculated as DFL = (% change in EPS) / (% change in EBIT)
Assuming the missing number in the statement is a 2 for the DCL, we can solve for the DOL or DFL with additional information. For example, if we know the DOL is 1.5, we can calculate the DFL as:
DCL = DOL x DFL
2 = 1.5 x DFL
DFL = 2 / 1.5
DFL = 1.33 or 133%
Given the DOL and DFL assumptions, a 1% change in sales will result in a 1.33% change in earnings per share.
Learn more about combined leverage here:
https://brainly.com/question/30469369
#SPJ1
3a. Calculate the overhead cost per unit for each briefcase by using a plantwide rate based on direct labor costs. Round rates to the nearest cent.
Elegant $fill in the blank 6 per briefcase
Fina $fill in the blank 7 per briefcase
3b. Based on your calculations above which of the following statements is correct?
More machine and setup costs are assigned to Fina than Elegant.
3a. To calculate the overhead cost per unit for each briefcase using a plantwide rate based on direct labor costs, we need to use the following formula:
Overhead cost per unit = Total overhead cost / Total direct labor cost
For Elegant briefcases:
Overhead cost per unit = $fill in the blank / $fill in the blank 6
Overhead cost per unit = $fill in the blank
For Fina briefcases:
Overhead cost per unit = $fill in the blank / $fill in the blank 7
Overhead cost per unit = $fill in the blank
3b. Based on the calculations above, the statement "More machine and setup costs are assigned to Fina than Elegant" is correct. This is because the overhead cost per unit for Fina briefcases is higher than the overhead cost per unit for Elegant briefcases. This means that more overhead costs, which include machine and setup costs, are assigned to Fina briefcases.
To know more, check out: https://brainly.com/question/29850348
#SPJ1
Jones Company uses a job-order costing system with a predetermined overhead rate of 120% of direct labor cost. The job cost sheet for Job #420 showed that Jones Company spent $4,000 on direct materials and $5,000 on direct labor on the job. What is the total cost of Job #420? Smith, Inc. uses a job-order costing system with the predetermined overhead rate of $12 per machine-hour. The job cost sheet for Job #42A listed $12,000 in direct labor cost, $18,000 in direct materials cost, 1,200 direct labor-hours and 1,100 machine-hours. The total cost of Job #42A is $ (Enter your answer as a whole number.)
We may determine the overall cost of the work to be $15,000 based on the various charges involved.
How is the overhead rate determined?The amount your company is spending on producing goods or rendering client services is known as the factory overhead, often known as the overhead percentage. Divide these variable costs by the direct costs, then increase the result by 100 to get the overhead rate.
What is an illustration of an overheads rate?Overhead expenditures include things like rent, power, business permits, accounting fees, marketing costs, and payroll. While direct costs are directly related to the product or service you provide, such which are for raw ingredients or packaging supplies, these prices are often stable and predictable.
Direct labor x 120%
$6,000
Total cost of Job #420
= Direct labor + direct supplies + overhead
= 5,000 + 4,000 + 6,000
= $15,000
In conclusion, the total cost is $15,000.
To know more about Overhead rare visit:
https://brainly.com/question/29583640
#SPJ1
_____ represent aid, grants, and gifts from one country to another. group of answer choices a. transfer payments b. factor income c. the balance of trade d. the balance of payments
Transfer payments represent aid, grants, and gifts from one country to another. option [a] is the correct answer for the above statement.
What does a country's ultimate balance of payments mean?
Both domestic and foreign financial transactions carried out by a nation's citizens are listed in the payment balance (BOP). The current account, capital account, and financial account are the three primary divisions of the BOP.
Government initiatives to redistribute funds to those in need are sometimes referred to as transfer payments by municipal, state, and federal governments.
Therefore, Transfer payments are the equivalent of gifts, grants, and help given from one nation to another.
Learn more about Transfer payments from the given link.
https://brainly.com/question/22972210
#SPJ1
Eastland College is concerned about the rising price of textbooks that students must purchase. To better identify the increase in the price of textbooks, the dean asks you, the Economics Department's star student, to create an index of textbook prices. The average student purchases three English, two math, and four economics textbooks per year. The prices of these books are given in the accompanying table.
English textbook Math textbook Economics textbook 2012 $100 140 160 2013 $110 144 180 2014 $114 148 200
What is the percent change in the price of an English textbook from 2012 to 2014? (Note: Express as a percent rounded to one decimal place, for example, 3.2%.)
10.2%
14.0%
12.4%
The percent change in the price of an English textbook from 2012 to 2014 is 14.0%. Thus, the second option is the correct answer.
What is percentage?A percentage is a number or ratio that represents a fraction of 100 in mathematics. It is one of the methods for representing a dimensionless relationship between two numbers, along with ratios, fractions, and decimals. Percentages are frequently denoted by the symbol "%" following the number.
The price of English textbook in 2012 = $100
The price of English textbook in 2014 = $114
∴ The price of English textbook has increased from $100 to $114 from 2012 to 2014,
The percentage change is:
= (114-100)/100
=14%
Therefore, there have been a 14% change in the price of an English textbook from 2012 to 2014.
To learn more about percentage, click here:
https://brainly.com/question/14979505
#SPJ1
the carters' oldest son attends Big State Univ. he and his parents pay all his fees and tuition. these payments count in GDP as;O consumption of services.O raises GDPO market prices
The Carter's 'oldest son attends Big State Univ. he and his parents pay all his fees and tuition. these payments count in GDP as consumption of services. Thus, the correct answer is option A.
What is GDP?The value of final goods and services produced in the United States is measured by GDP (without double counting the intermediate goods and services used up to produce them). GDP changes are the most widely used indicator of the country's overall economic health.
Personal or consumer expenditures are referred to as consumption. In other words, it measures the monetary value of consumer goods and services. Food, clothing, and landscaping services are examples of such items. Any new purchases made by consumers can be counted as GDP.
Therefore, the fees paid by Carter and his parents comes under consumption of services in GDP.
To learn more about GDP, click here:
https://brainly.com/question/28375883
#SPJ1
FILL IN THE BLANK. Using vivid words, labeling the main idea, and strategically placing the key idea in a sentence are examples of ________ ways to stress important ideas.
Examples of stylistic techniques to emphasize crucial concepts include using vivid language, naming the main point, and inserting the major idea in a sentence at just the right place.
What fundamental literary devices are there? Provide an illustration.Rhyming is the most prevalent literary device. That improves the poetry's flow. Although a lot of poems are written in free verse, which offers poets the opportunity to convey their ideas without being limited by a specific rhyme scheme, not all poems must rhyme.
What does the term "English stylistic method" refer to?Stylistic devices are any of the several strategies used to provide extra and/or supplementary meaning, idea, or sensation. These tactics, sometimes known as rhetorical devices or figures of speech, are used to underline a point, add emphasis, or clarify anything in a text in order to pique the reader's interest.
Learn more about literary device: https://brainly.com/question/14917014
#SPJ1
holding cash for precautionary motive assumes management wants cash for emergency purposes when inflows are projected.
Holding cash for precautionary motive assumes management wants cash for precautionary motives.
What is the purpose of keeping cash as a precaution?
It was Keynes who first proposed looking at the preventive reasons for maintaining a cash reserve (1936). According to his view, precautionary reserves can be kept in the form of cash or demand deposits and act as insurance against substantial expenses that could materialize in the foreseeable future.
What are the three reasons to keep cash on hand?
Keynes claimed that there are three reasons why people keep cash on hand: I transactions motivation, (ii) precautionary motive, and (iii) speculative motive. The reason for keeping cash on hand is because it is necessary for both personal and commercial exchanges to make current payments.
Learn more about Holding cash
brainly.com/question/29909893
#SPJ1
Presented below is the adjusted trial balance of Sunland Corporation at December 31, 2017. Debit Credit Cash $ ? Supplies 1,560 Prepaid Insurance 1,360 Equipment 48,360 Accumulated Depreciation-Equipment $ 4,360 Trademarks 1,310 Accounts Payable 10,360 Salaries and Wages Payable 860 Unearned Service Revenue 2,360 Bonds Payable (due 2024) 9,360 Common Stock 10,360 Retained Earnings 25,360 Service Revenue 10,360 Salaries and Wages Expense 9,360 Insurance Expense 1,760 Rent Expense 1,560 Interest Expense 1,260 Total $ ? $ ? Additional information: 1. Net loss for the year was $3,580. 2. No dividends were declared during 2017. Prepare a classified balance sheet as of December 31, 2017.
A balance sheet is a financial statement that provides a snapshot of a company's financial position at a particular point in time. It reports the company's assets, liabilities, and equity, which are the resources, obligations, and ownership interests of the company, respectively.
Prepare a classified balance sheet as of December 31, 2017?To prepare a classified balance sheet as of December 31, 2017, we need to categorize the above accounts into the following sections: assets, liabilities, and equity.
Assets:
Cash: ?
Supplies: 1,560
Prepaid Insurance: 1,360
Equipment: 48,360
Less: Accumulated Depreciation-Equipment: (4,360)
Total Assets: ?
Liabilities:
Accounts Payable: 10,360
Salaries and Wages Payable: 860
Unearned Service Revenue: 2,360
Bonds Payable (due 2024): 9,360
Total Liabilities: 22,940
Equity:
Common Stock: 10,360
Retained Earnings: 25,360
Less: Net Loss for the year: (3,580)
Total Equity: 32,140
Total Liabilities and Equity: ?
To complete the balance sheet, we need to find the missing amounts for Cash and Total Assets and Total Liabilities and Equity by solving for them based on the given information and the balance sheet equation:
Total Assets = Total Liabilities + Equity
Total Liabilities and Equity = 55,080 (calculated)
Therefore:
Cash = Total Assets - (Supplies + Prepaid Insurance + Equipment - Accumulated Depreciation-Equipment)
Cash = 55,080 - (1,560 + 1,360 + 48,360 - 4,360)
Cash = 55,080 - 44,800
Cash = 10,280
Total Assets = 55,080 (calculated)
Using the above information, we can now prepare the classified balance sheet as of December 31, 2017 for Sunland Corporation:
Sunland Corporation
Balance Sheet
December 31, 2017
Assets
Cash $10,280
Supplies $1,560
Prepaid Insurance $1,360
Equipment $48,360
Less: Accumulated Depreciation-Equipment ($4,360)
Total Assets $55,080
Liabilities
Accounts Payable $10,360
Salaries and Wages Payable $860
Unearned Service Revenue $2,360
Bonds Payable (due 2024) $9,360
Total Liabilities $22,940
Equity
Common Stock $10,360
Retained Earnings $25,360
Less: Net Loss for the year ($3,580)
Total Equity $32,140
Total Liabilities and Equity $55,080
To know more about balance sheet visit:
https://brainly.com/question/26323001
#SPJ1
Consider a market that is in equilibrium. If it experiences both an increase in demand and a decrease in supply, what can be said of the new equilibrium? The equilibrium: Multiple Choice Ο ) quantity will definitely rise, while the equilibrium price cannot be predicted. Ο price and quantity will both rise Ο price and quantity will both fal Ο price will definitely rise, while the equilibrium quantity cannot be predicted.
While the equilibrium price cannot be forecast, the equilibrium quantity will undoubtedly increase. The answer is option (a).
What is meant by equilibrium price?When demand and supply are equivalent or nearly equal, the price to the consumer of a product or service at the market rate, sometimes referred to as the equilibrium price, happens. The consumer is free to access as many copies as they like, and the producer or vendor is allowed to move as many units as they desire.
At a certain price, quantity demanded and amount provided are equal, and only at that moment can equilibrium be reached. A higher supply at a given price will indicate surplus supply, and a higher demand will indicate excess demand.
To know more about equilibrium price, visit:
https://brainly.com/question/22569960
#SPJ1
Calculate the following: a. Determine the cash receipts for April based on the following data: Cash payments during April Cash account balance, April 1 Cash account balance, April 30 $43,440 3,450 7,090
According to the given data of cash payments the balance of cash receipts for April based is $47,080.
What do you mean by cash receipts?When the buyer makes a cash purchase, a cash receipt is given as proof of the transaction. Any industry can use this cash receipt form, which can be presented as evidence of payment or payment received.
Cash receipts play a crucial role in accounting and corporate management. Cash, Accounts Payable, and Credit Sales are the three main categories.
Here,
Calculation of Cash Receipts:
Cash balance at end of period = Cash balance at beginning of period + cash receipts - cash payments
Cash receipts = $7,090−$3,450+$43,440
Cash receipts =$47,080
Therefore, the cash receipts for April based is $47,080.
To know more about the cash receipts, visit:
https://brainly.com/question/15561219
#SPJ1
long-run economies of scale exist over the range of output for which the long-run average total cost (lratc).T/F
It is true that the long-run economies of scale exist over range of output for which long-run average total cost.
What are economies of scale?Economies of scale refer to the cost advantages that a business can achieve as it increases its level of production. Essentially, the larger the scale of production, the lower the average cost of production, due to spreading fixed costs over a greater number of units. This results in a more efficient use of resources and a higher level of productivity, which can translate into greater profits and a competitive advantage over smaller competitors. Common examples of economies of scale include bulk purchasing, specialization of labor, and the use of more efficient equipment. It's important to note, however, that economies of scale can reach a point of diminishing returns, where the cost savings of increased production begin to level off or even decrease as additional resources are required.
To learn more about economies of scale, visit:
https://brainly.com/question/23633985
#SPJ1
Which of the following is a value that will impact the culture of an organization in the absence of any other established values? a. Profit at any cost b. Ethical behavior c. Legal compliance d. Customer satisfaction
Profit at any cost is a value that will impact the culture of an organization in the absence of any other established values. option [a] is the correct answer for the above statement.
Which of the following contributes significantly to developing ethical leadership?
An essential component of ethical responsibility is respect. Ethics-driven bosses treat everyone with the same regard, including subordinates and staff. Negative or violent work environments can be swiftly established by not treating others with respect.
In the lacking of any other firmly established values, the value of profit at any cost will affect the culture of a business.
Therefore, Profit-driven decisions can result in unethical behavior, exploitation, and long-term damage to people, society, and the environment.
Learn more about culture from the given link.
https://brainly.com/question/30497684
#SPJ1