Metlock Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022 1 Purchased a 1-year insurance policy on June 1 for $1,620 cash. Paid $5,850 on August 31 for 5 months rent in advance. On September 4, received $3.240 cash in advance from a corporation to sponsor a game each month for a total of 9 months for the most improved students at a local school. Signed a contract for cleaning services starting December 1 for $900 per month. Paid for the first 2 months on November 30. (Hint: Use the account Prepaid Cleaning to record prepayments. On December 5, received $1,350 in advance from a gaming club. Determined that on December 31, 5430 of these games had not yet been played 4. 5 For each of the above transactions, prepare the journal entry to record the initial transaction (if no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) For each of the above transactions, prepare the journal entry to record the initial transaction. Of no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) No. Date Account Titles and Explanation Debit 2. 2 3 5. For each of the above transactions, prepare the adjusting journal entry that is required on December 31. (Hint: Use the account Service Revenue for item 3 and Maintenance and Repairs Expense for item 4. (Round answers to decimal places, eg. 5,275. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Debit Credit No. Date Account Titles and Explanation Dec. 1 31 2022 2. Dec. 31, 2022 3. Dec 31, 2022 4 Dec 31, 2022 Post the journal entries in parts (a) and (b) to T-accounts and determine the final balance in each account balance. (Note: Posting to the Cash account is not required.) (Round answers to decimal places, eg. 5,275. Post entries in the order displayed in the problem statement) Prepaid Insurance Prepaid Rent Unearned Service Revenue
Answers
According to the data of Met lock Games Inc., the journal entry on Jun 01., Prepaid insurance (Dr.) and Cash (Cr.) is $ 1620.
What do you mean by prepaid insurance?The term "prepaid insurance" describes insurance premiums that are paid up front. A premium is a recurring payment made on a regular basis to a provider in exchange for receiving insurance benefits.
Prepaid insurance is insurance for which premiums are paid up front to insurers.Because it is not used, insurance companies report prepaid insurance as current assets on their balance sheets.As soon as the insurance coverage kicks in, it becomes an expense rather than an asset.Therefore, by the given data of Met lock Games Inc., the journal entry on Jun 01., Prepaid insurance (Dr.) and Cash (Cr.) is $ 1620.
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__________ helps Williams compete for and hire talented, engaged employees who help the business succeed. Multiple Choice - Corporate philanthropy - Corporate audit - Retail sourcing - Environmental regulation - Regulatory policy
Answers
Corporate philanthropy helps Williams compete for and hire talented, engaged employees who help the business succeed.
What is the importance of corporate philanthropy?Corporate philanthropy is significant for a number of reasons. For starters, demonstrating a commitment to social responsibility and giving back to the community can help to strengthen a company's reputation and build brand loyalty. Second, it can boost employee morale and retention because employees are frequently proud to work for a company that supports charitable causes. Third, corporate philanthropy can have a tangible impact on the communities and causes it supports, assisting in the resolution of social and environmental issues as well as the improvement of the lives of those in need. Finally, by fostering collaboration and partnerships with other organisations and stakeholders, it can help to drive innovation and create new business opportunities.
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calculate the yield to maturity on the following bonds: a 8 percent coupon (paid semiannually) bond, with a $1,000 face value and 20 years remaining to maturity. the bond is selling at $885. an 5.1 percent coupon (paid quarterly) bond, with a $1,000 face value and 10 years remaining to maturity. the bond is selling at $917. an 7.1 percent coupon (paid annually) bond, with a $1,000 face value and 8 years remaining to maturity. the bond is selling at $1,067. (For all requirements, do not round intermediate calculations. Round your percentage answers to 3 decimal places.
Answers
In order to determine the yield to maturity (YTM) for each bond, we must first determine the interest rate (yield) that corresponds to the present value of the bond's anticipated future cash flows multiplied by its current market price.
How can it be calculated in detail?About the first bond:
N = 20 x 2 = 40 (number of semiannual periods remaining to maturity) (number of semiannual periods remaining to maturity)
I/Y = ? (yield to maturity) (yield to maturity)
PMT = 8% x $1,000 / 2 = $40 (semiannual coupon payment) (semiannual coupon payment)
FV = $1,000 (face value) (face value)
PV = -$885 (current market price, negative because it reflects an outflow) (current market price, negative because it represents an outflow)
Hence, the first bond's yield to maturity is 4.738%. (rounded to 3 decimal places).
About the second bond:
N = 10 x 4 = 40 (number of quarterly periods remaining before maturity) (number of quarterly periods remaining to maturity)
I/Y = ? (yield to maturity) (yield to maturity)
PMT = 5.1% x $1,000 / 4 = $12.75 (quarterly coupon payment) (quarterly coupon payment)
FV = $1,000 (face value) (face value)
PV = -$917 (current market price, negative because it reflects an outflow) (current market price, negative because it represents an outflow)
Thus, the second bond's yield to maturity is 2.345%. (rounded to 3 decimal places).
About the third bond:
N = 8 (number of yearly periods remaining to maturity) (number of annual periods remaining to maturity)
I/Y = ? (yield to maturity) (yield to maturity)
PMT = 7.1% x $1,000 = $71 (annual coupon payment) (annual coupon payment)
FV = $1,000 (face value) (face value)
PV = -$1,067 (current market price, negative because it reflects an outflow) (current market price, negative because it represents an outflow)
Thus, the third bond's yield to maturity is 5.863%. (rounded to 3 decimal places).
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According to the tax schedule, rich has to pay $37,498. 00 in taxes. What is rich's taxable income?.
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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.
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Why does bankruptcy make it difficult to obtain loans? a. it causes a loss of assets., b. it harms a person's credit report., c. it relieves a person of their debts., d. it increases the cost of insurance
Answers
Option A is the best choice because it results in a loss of assets.
What occurs when a person declares bankruptcy?A individual or business who is unable to pay off their outstanding debts may file for bankruptcy. A petition is filed, either on behalf of the debtor, which is more often, or on behalf of creditors, which is less frequent, to start the bankruptcy process.
A corporation is in bankruptcy when it is unable to cover its daily expenses as a result of significant losses. Every area of the economy is susceptible. If a large financial institution is affected, it will be challenging for that institution to offer new or fresh loans since they lack the funds to do so. As a result, all new businesses that take out loans will suffer indirectly.
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Relationship between tax revenues, deadweight loss, and demandelasticity The government is considering levying a tax of $60 per unit on suppliers of either concert tickets or bus passes. The supply curve for each of these two goods is identical, as you can see on each of the following graphs. The demand for concert tickets is shown by Dc (on the first graph), and the demand for bus passes is shown by Dg (on the second graph). Suppose the government wants to tax the good that will generate more tax revenue at a lower welfare cost. In this case, it should tax [Bus passes / concert tickets] because, all else held constant, taxing a good with a relatively [Less / more] elastic demand generates larger tax revenue and smaller deadweight loss.
Answers
Taxing a good whose demand is substantially less elastic enables the government to increase income while minimizing welfare losses.
In India, what are the taxes?Indirect taxes include price tax, service tax, value - added taxes, customs duty, etc. while direct taxes include income tax, capital gains tax, personal income tax, etc. Customs charge, regional vehicle tax, income tax, and sales taxes are just a few of the taxes that the Indian central government imposes.
How is income tax determined?How can I figure out my income tax? You must total up all streams of income taxes earned throughout a tax year in order to determine your income tax liability. The following action is figuring out your adjusted gross revenue (AGI). Once you've done that, deduct from your total any allowable deductions.
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An office machine with a market value of $43,450 used by Josie in her accounting business was completely destroyed by fire. The adjusted basis of the machine was $41,450 (original basis of $62,175 less accumulated depreciation of $20,725). The machine was not insured. Calculate the amount and nature of Josie's gain or loss as a result of this casualty. (Assume this is the taxpayer's only casualty gain or loss.)
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Since this is the only casualty gain or loss, $8,000 is the typical loss. In the income statement of a business, casualty losses are typically shown as an extraordinary item net of taxes.
Is casualty loss taken into account?The year you sustain the loss, which is typically the year the casualty occurred, is when you can deduct the loss. If you have a reasonable chance of recovering through a claim for reimbursement, you have not suffered a loss.
Because the machine is not covered by insurance, there is no way to recover.
The machine's adjusted basis was $8,000, or $14,000 less $5,000 of accumulated depreciation; however, accumulated depreciation must be $6,000 ($14,000-$6,000=$8,000). I assumed that the machine's adjusted value would be $9,000 if the accumulated depreciation was $5,000. $14,000-$5,000=$9,000).
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The CEO is meeting with his top managers to determine how best to compete successfully in the company's market. This group is developing the company's:
A) strategy
B) competitive advantage
C) strengths and weaknesses
D) opportunities and threats
Answers
(A) Strategy. As part of creating a company's strategy, the CEO is meeting with his top management to discuss how to compete most successfully in the company's market.
What is the competitive advantage?The company's strategy places a major emphasis on creating a competitive advantage. To distinguish the business from rivals and draw in clients, this entails discovering and utilizing its distinctive assets. The business can establish itself as the leader in its market and succeed over the long term by building a solid competitive edge. Ultimately, the CEO and his top executives must collaborate to develop a thorough and successful strategy that will help the business prosper in its market.
To review the company's strategy for successfully competing in its market, the CEO is meeting with his senior managers. In order to do this, a plan must be created that explains how the business will meet its objectives and overcome market hurdles. A thorough evaluation of the company's existing situation, including its strengths and shortcomings, should serve as the foundation for the strategy, which should also take into account the market's opportunities and dangers.
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In which of the following scenarios would an executive benefit from the insights provided by operations management systems software?
Multiple Choice
An executive wants to know which employees have been trained on their new manufacturing process.
An executive wants to know why there are delays in their customers receiving their product.
An executive wants to know what marketing message is having the biggest impact with customers.
An executive wants to know why it is taking longer to manufacture their product.
Answers
An executive would benefit from the insights provided by operations management systems software in the scenario where: d. they want to know why it is taking longer to manufacture their product.
In which would an executive benefit from the insights provided by operations management systems software?Operations management systems software is designed to help organizations manage their production and manufacturing processes, optimize resources, and improve efficiency. It provides real-time data and insights into various aspects of the production process, including inventory management, supply chain management, and production scheduling.
Therefore, in the scenario where an executive wants to know why it is taking longer to manufacture their product, operations management systems software can help identify bottlenecks and inefficiencies in the production process, allowing the executive to make data-driven decisions to improve productivity and reduce costs.
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The owner, Mae Roth, would like Appliance Warehouse to create a service department as one of our product offerings. Management needs to determine whether we are well suited to expand into this new specialty. Currently, we have two customer-facing departments: Appliance Sales and Replacement Parts. If we choose to create a service department, this will add a third customer-facing department to Appliance Warehouse. No longer will we need to refer customers to outside repair service companies. We will be able to sell new appliances, sell replacement parts, and service appliances. Truly, we will be a one-stop shop for all home appliance needs!
As our new systems analyst, we need your help with some organizational and industry research. First, you need to familiarize yourself with our organization. You should create an organizational chart so you can visualize how we will layout AW's organization with the additional proposed department. Next, you will need to perform an analysis, such as a SWOT diagram, to assess whether this new service specialty will be an appropriate strategy for us long term.
The service department will have technicians to go out and fix the customer's broken appliances. This will require people to set up the home service appointments, technicians to assess, estimate, and fix the appliances, and coordination with parts department to get the necessary parts for repair. The parts department may need to change their inventory and ordering process to accommodate the larger volume of parts needed with the new service department.
As the analyst, we are looking to you to for recommendations. Make sure to create an opportunity statement for this new department. And make sure that the mission statement on our website is still appropriate. If it is no longer appropriate,
Answers
The service department's business is growing, so it needs to offer more services.
What exactly does a service department do?A cost center that provides services to the rest of a company is called a service department. Keeping costs low or meeting budgeted costs are the responsibilities of a service department manager.
Appointment for home maintenance. As the service department expands, they will need to offer HOME SERVICE, which will enable more employees to schedule appointments with customers to service their appliances at home.
Service technicians: Given the department's current spending, professional technicians would be in high demand. To handle the workload, more workers would be required.
INTERVIEW: Costs would rise as a result of department expansion because more money would be needed to advance the business. The opinion is very important. The budget will benefit from the forecast. In order to keep up with the service department, the department of parts needs to make changes to their business. The cost of the service department is high because it would require more parts to fix the broken appliances. For the department of parts to be able to fulfill the order on time and at a fair price, efficient suppliers are necessary.
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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.
Answers
"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
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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
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.
Answers
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.
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What is the major challenge presented by Amazon and uber to GrubHub's businesses
Answers
The Grub hub asset may develop as a result of the Amazon agreement. The Grub hub+ membership plan has the potential to reduce turnover among Amazon Prime subscribers.
Why is Grub hub the most pertinent of the five business environments?The five business environments that are important to Grub hub are the technological, social, economic, legal, and competitive ones. The technology environment, however, is the most important relevant business environment. For business transactions, Grub Hub connects its clients with their eateries via the internet.
Does Amazon intend to buy Grubhub?For one year, Prime members will have access to Grubhub+ as part of the agreement. The promise of free delivery is one of the attractions of Amazon's Prime membership option, a service it is expanding into the restaurant industry after striking a business partnership with Grub hub.
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Suppose private saving in a closed economy is $12b and investment is $10b.
Answers
Suppose private saving in a closed economy is $12b and investment is $10b. The government budget deficit must equal $2b. Thus the correct option is D.
What is a Closed Economy?A closed economy refers to an economy that avoids or prevents trade activities with other countries and depends on strengthening the economy with domestic activities rather than using import or export as a feature to boost the economy.
Private saving = GDP - Investment
GDP=$12b
Investment = $10b.
Private saving= $12b- $10b.
= $2b
Therefore, option D is appropriate.
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The complete question is Probably
Suppose private saving in a closed economy is $12b and investment is $10b.
a. National saving must equal $12b.
b. Public saving must equal $2b.
c. The government budget surplus must equal $2b.
d. The government budget deficit must equal $2b.
suppose that a firm is facing an upward-sloping yield curve and needs to borrow money to invest in production. does this mean that the firm should consider borrowing only at short-term rates? no, the firm needs to take the volatility of short-term rates into account. yes, using short-term financing will give the firm the lowest possible interest rate over the life of the project. no, an upward-sloping yield curve means that the firm will get a lower interest rate if it uses long-term financing. credit ratings affect the yields on bonds. based on the scenario described in the following table, determine whether yields will increase or decrease and whether it will be more expensive or less expensive, as compared to other players in the market, for a company to borrow money from the bond
Answers
No, the firm needs to take the volatility of short-term rates into account.
What is volatility in finance?
Volatility in finance is the degree of change in a trading price series over time, often quantified by the standard deviation of logarithmic returns. Volatility is typically symbolised by the symbol.
A time series of previous market values is used to quantify historic volatility. Because it is generated from the market price of a market-traded derivative, implied volatility looks forward in time (in particular, an option).
The breadth of the distribution grows with time for a financial asset whose price exhibits a Gaussian random walk, or Wiener process. This is due to the possibility that as time passes, the instrument's price will move further away from its original value. Yet, as time goes on, the volatility rises with the square-root of time rather than linearly.
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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
Answers
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
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Lee Willis loaned Audrey Chin $16,000 to open Snip its hair salon. After 6 years, Audrey will repay Lee with 8% interest compounded quarterly. How much will Lee receive at the end of 6 years?
Answers
Interest : After solving the problem the Lee will receive $23,454.25. at the end of 6 years.
What is Interest?Interest is the cost of borrowing money, or the income earned from lending money. It is expressed as a percentage rate, which represents the amount of money (called interest) paid relative to the amount of money borrowed (called the principal). Interest is a necessary part of any loan or credit agreement. It is the price paid for the use of money over time.
At the end of 6 years, Lee will receive $23,454.25. This is calculated by using the formula A = P(1 + r/n)^nt,
where A is the future value,
P is the principal amount,
r is the annual interest rate,
n is the number of times the interest is compounded, and
t is the number of years.
In this case, P = $16,000, r = 0.08 (8%), n = 4 (quarterly), and t = 6. Plugging those values into the equation, we get A = $16,000(1 + 0.08/4)^4*6 = $23,454.25.
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Which of the following are characteristics of negotiable certificates of deposit (NCD)? Check all that apply. Common direct investors in these securities are households, firms, and financial institutions. Their denominations are typically in multiples of $100,000. Their maturities are normally between 2 weeks and 1 year. Activity in their secondary market is moderate.
Answers
Their maturities are normally between 2 weeks and 1 year and activity in their secondary market is moderate are characteristics of negotiable certificates of deposit (NCD).
What are certificates of deposit?
In the US, banks, thrift institutions, and credit unions regularly provide time deposits, also referred to as certificates of deposit. Savings accounts and certificates of deposit (CDs) are not the same because a CD has a set lifespan and frequently offers a fixed interest rate. The bank expects the CD to be held on to until it matures, at which point it can be withdrawn and interest is paid. Because they are less risky than stocks and bonds, certificates of deposits have the disadvantage of yielding a lower return over time.
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(Table: Market for Mexican Take-Out) Use Figure: Market for Mexican Take-Out. If income changes from $1,000 to $1,400 per month, the income elasticity of demand, computed using the midpoint method at a price of $18 per Mexican take out meal, is: Table: Market for Mexican Take-OutPrice (per meal) Quantity of Meals Demanded (income = Quantity of Meals Demanded (income =$1,000 per month) $1,400 per month) 20 3 7 18 4 8 16 5 9 14 6 10 12 7 11 10 8 12 8 9 13 6 10 14 O 0.50. O 0.95. O 0.33 O 2
Answers
The elasticity based on the information will be d. 2.
How to calculate the elasticityIncome Elasticity = % change in quantity / % change in Income
% change in quantity = [(8-4)÷ (8+4)/2]*100
= 4/6*100= 66.67%
% change in Income =
[(1400-1000)÷( 1400+1000)/2] *100
= 400/ 1200*100 = 33.33%
Elasticity = 66.67/33.33= 2.00 = 2
So, this commodity is a luxury goods as income Elasticity is higher and Elastic Demand.
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What is the difference between your assets and your liabilities known as?
Answers
Your profit or loss is defined as the disparity between your assets and liabilities.
What are assets?Assets refer to any resources that have a significant economic value and are owned or controlled by an individual, company or organization. Assets can be physical or intangible and can be used for generating income or achieving financial goals. Examples of physical assets include property, inventory, equipment, and machinery, while intangible assets include patents, copyrights, trademarks, and goodwill. Assets are typically classified as current or non-current based on their expected lifespan, liquidity, and usage. Current assets include cash, accounts receivable, inventory, and short-term investments, while non-current assets include long-term investments, real estate, and fixed assets such as buildings and equipment. Assets play a crucial role in determining the financial health of an individual or organization and are an essential component of any financial statement.
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identify which of the following are correct statements about the process of journalizing in the general journal:
Answers
The description should refer to the information's source, the debit is placed on the first line of the entry, and the date is put correctly in the general journal by entering the year first, then the month and day.
General Journal: What is it?The transactions relating to adjustment entries, opening stock, depreciation, accounting errors, etc. are documented in a general journal, which is a daybook or subsidiary journal. General journal entries may have invoices, copies of management reports, and journal vouchers as their source documents.
Prime entry books, also known as books of original entry, are journals because transactions were first recorded in a journal before being physically posted to accounts in the general ledger or a subsidiary ledger. It is the process of recording double-entry accounting transactions by debiting one or more accounts and crediting one or more other accounts with the same sum of money.
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Correct question:
Identify which of the following are correct statements about the process of journalizing in the general journal: the description should refer to the source of the information debit is recorded on the first line of the entry date should be entered year first, then the month and day
For each of the following, list the class intervals that would be best for a grouped frequency distribution. a. Lowest X = 3, highest X = 84 b. Lowest X = 17, highest X = 32 c. Lowest X = 52, highest X = 97
Answers
Class interval =15 is best for the grouped frequency distribution data. To make the information easier to understand, measures of variability are visual displays that organise and show frequency counts.
What is frequency distribution?Frequency tables or charts are used to represent frequency patterns. The percentage of observations or the exact number of observations that fall within each range can both be seen in frequency distributions.
Class interval =Height value -Lowest value
The breadth of each class is represented by a class interval.
(a) Given: Lowest value =3, Heighest value=84
Class interval =Height value -Lowest value =84-3=81
(b) Given: Lowest value =17, Heighest value=32
Class interval =Height value -Lowest value =32-17=15
(c) Given: Lowest value =52, Heighest value=97
Class interval =Height value -Lowest value =97-52=45
(b) Class interval =15 is best for the grouped frequency distribution data
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Fill in the missing value in the table below
Economics
Answers
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.
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suppose a 20th unit of the good were sold by a seller to a buyer. which of the following statements is correct? group of answer choices for the 20th unit, the difference between the buyer's value and the seller's cost is less than the tax per unit. for the 20th unit, the difference between the buyer's value and the seller's cost is greater than the tax per unit. for the 20th unit, the difference between the buyer's value and the seller's cost is equal to the tax per unit. it makes sense for the buyer to buy and for the seller to sell the 20th unit, with or without the tax in place.
Answers
A buyer is defined as someone who buys or has contracted to buy goods in Section 2(1) of the Act. Hence option A is corrrect .
What is Sold goods ?A buyer is one of the parties to the contract because a sale is a contract between two parties. The Act's section 2 defines "seller" (13). A seller is someone who has made a deal to sell something.
The way the tax burden is distributed between purchasers and sellers is known as the tax incidence. The relative price elasticity of supply and demand determines the tax incidence. The majority of the tax burden falls on consumers when supply is more elastic than demand.
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In the context of job motivation, which of the following is an example of an extrinsic reward as a motivator? Longer vacations. Identify the esteem need.
Answers
Longer vacations are an example of an extrinsic reward as a motivator.
What are extrinsic rewards ?Extrinsic rewards are external incentives that are offered to employees in order to motivate them, such as pay raises, bonuses, promotions, and benefits like longer vacations.
These rewards are given to employees from outside sources, rather than being inherently rewarding on their own. Extrinsic rewards can be effective motivators for employees who are primarily motivated by external factors like salary and benefits, but they may be less effective for employees who are more motivated by intrinsic factors like job satisfaction and personal growth.
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100 POINTS HELP Which of the following line items might be on a financial statement of shareholder's equity?
A. Operating cash flow
B. Expenses
C. Withdrawals
D. Liabilities
Answers
Answer:
C. WITHDRAWALS
Explanation:
Try to read this and to give you some understanding and answers
Shareholder's equity represents the residual value of a company's assets after all liabilities have been paid off. It includes the initial investment made by the shareholders, as well as any additional contributions, retained earnings, and dividends paid out to shareholders.
Withdrawals, also known as dividends, represent a reduction in the retained earnings of the company and therefore affect the total shareholder's equity. Operating cash flow, expenses, and liabilities are not typically included in the financial statement of shareholder's equity.
Answer and Explanation:
I believe the answer is D. Liabilities but it may be C. Withdrawals
please let me know if me wrong
which of the following is the most controversial form of alternative energy after nuclear power? question
a. ethanol b. solar power c. wind power d.geothermal power
Answers
Ethanol is the most controversial form of alternative energy after nuclear power.
What is energy?Energy is the capacity for doing work, which can take a range of forms, such as kinetic energy, potential energy, thermal energy, electrical energy, chemical energy, nuclear energy, and other forms. It is an essential component of the universe, as it is found in all forms of matter and can be converted from one form to another.
This is because the production of ethanol involves converting food sources, such as corn, into fuel, which can lead to higher food prices and a decrease in food availability. Additionally, while ethanol is considered a renewable energy source, it is less efficient than many other forms of alternative energy, such as solar or wind power, and can produce more carbon dioxide than traditional fossil fuels.
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What is the role of the securities and exchange commission? it adjusts the interest rates for loans. It ensures all financial institutions follow banking laws. It protects up to $250,000 of customer deposits. It regulates the business practices of stockbrokers.
Answers
According to the claim, it controls stockbrokers' commercial activities.
What does commission cost in dollars?A commission fee is a payment made to an employee after they successfully complete a job, typically selling a predetermined volume of products or services. Sales commissions are a common reward used by employers to boost employee efficiency. A commission can be given instead of or in add to a wage.
What does a commission in company mean?Employees receive commission, also referred to as sales incentive, based on the revenue they generate. SumUp Invoices offers complimentary statement creation. A commission is frequently determined as a proportion of the sale's worth.
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Answer: D
Explanation: It regulates the business practices of stockbrokers.
Got it right on flvs
Poole Company made a $100,000 cash expenditure this year. Which of the following statements is false?Group of answer choicesNone of the choices are false.Poole must capitalize the expenditure if it extends the estimated useful life of an existing asset by three years.Poole must capitalize the expenditure if it results in a long-term economic benefit to the company.Poole must capitalize the expenditure if it creates a new asset that the company can use for the next four years.
Answers
No assertion in the scenario given, in which Poole Corporation spent $100,000 in cash, is FALSE; thus, the appropriate response is (D).
What is expenditure?In order to pay for a good, service, or another sort of cost, an expense necessitates the movement of money or wealth in general from one person or organization to another.
For a tenant, rent is an expense.
Parents and students must pay for tuition.
Buying anything, whether it be furniture, a car, food, clothing, or anything else, is commonly referred to as a cost.
An expense is a cost that is "paid" or "remitted," typically in exchange for something of worth.
Something that appears to be exceedingly expensive is "expensive."
Something that appears to be inexpensive is referred to as "inexpensive."
"Expenses of the table" include prices related to consuming food, and beverages, hosting a feast, etc.
Therefore, no assertion in the scenario given, in which Poole Corporation spent $100,000 in cash, is FALSE; thus, the appropriate response is (D).
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Correct question:
Poole Company made a $100,000 cash expenditure this year. Which of the following
statements is false?
A. Poole must capitalize the expenditure if it creates a new asset that the company can use for
the next four years.
B. Poole must capitalize the expenditure if it extends the estimated useful life of an existing
asset by three years.
C. Poole must capitalize the expenditure if it results a long-term economic benefit to the
company.
D. None of the above is false.
if your purchases of toothpaste remain constant at 9 units per year when the price of shampoo increases from $8 to $12, all other things equal, for you, shoes and shirts are goods. group of answer choices a. inferior b. unrelated c. substitute d. complementary
Answers
If your purchases of toothpaste remain constant at 9 units per year when the price of shampoo increases from $8 to $12, then, shoes and shirts are Unrelated goods.
b. Unrelated
What are Unrelated goods?Unrelated goods can be described as goods that have no corresponding effect on each other. This often means that the price of one of such goods does not affect the other in any way.
This is seen in the description above, where the shirts and shoes are paired. These two goods are unrelated because the increase in the price of one has no direct bearing on the price and sales volume of the other.
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for the purchase of an airline ticket, a consumer may use _____ like time of day, percentage of on-time departure, brand, and price to choose between offerings.a. a consideration setb. value attributesc. selective featuresd. evaluative criteria
Answers
For the purchase of an airline ticket, a consumer may use consideration set like time of day, percentage of on-time departure, brand, and price to choose between offerings. Hence, option A is correct.
What is consideration set?Alternatives that customers actively weigh before deciding on a purchase; also known as the evoked set.
For instance, a consumer might limit their selection of smartphones by first deciding on Apple as their preferred brand, then only evaluating Apple smartphones that were introduced within the past year, and then only considering Apple smartphones that had 128GB of memory.
Thus, option A is correct.
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