On May 31, 2015, Deana’s Services Company had account balances as follows:
Accounts payable $ 9,900
Accounts receivable 26,950
Cash 11,390
Fees earned 70,800
Insurance expense 1,475
Land 74,400
Miscellaneous expense 1,510
Prepaid insurance 2,000
Rent expense 8,000
Salary expense 35,300
Dividends 15,100
Supplies 950
Supplies expense 825
Utilities expense 3,800
Capital stock 81,000
Retained earnings (beginning balance on May 1, 2015) 20,000
Present, in good form for the month of May, (a) an income statement, (b) a statement of retained earnings, and (c) balance sheet.
Answers
The balance sheet, retained earnings, and income statement for the month of May are provided below.
What is Income Statement?A financial statement that summarizes a company's revenues, expenses, gains, and losses over a specific time period, typically a quarter or a year, is called an income statement. The company's financial performance during the period under review is depicted in the income statement.
There are two main sections to the income statement: expenses and revenues. While expenses are the costs incurred by the company in the process of generating revenues, revenues are the amounts earned by the company through the sale of goods or services. Wages, rent, utilities, taxes, and depreciation are examples of expenses.
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Related Questions
Suppose that autonomous consumption is $400 and that the marginal propensity to consume is 0.8. If disposable income increases by $1,200, consumption spending will increase by
$960
Answers
If disposable income rises by $1,200, consumer spending will rise by $960, assuming the MPC remains constant at 0.8.
What is the difference between disposable and discretionary income?Discretionary income is the money left over after taxes and living expenses. Disposable income and discretionary income are not the same things. After taxes, disposable income is purely the amount of money left over.
Given
To calculate the change in consumer spending resulting from an increase in disposable income, we can use the marginal propensity to consume (MPC), which measures the fraction of each additional dollar of disposable income that is spent on consumption. The MPC is given as 0.8 in this case.
The initial level of consumer spending, or autonomous consumption, is $400. When disposable income increases by $1,200, disposable income will become:
Disposable income = Initial income + Increase in income
= $0 + $1,200
= $1,200
The change in consumer spending resulting from the increase in disposable income can be calculated as follows:
Change in consumption spending = MPC x Increase in disposable income
= 0.8 x $1,200
= $960
Therefore, consumer spending will increase by $960 when disposable income increases by $1,200, assuming that the MPC remains constant at 0.8.
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the force to be considered in calculating the work you perform when climbing up a set of stairs is your _____
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For computing the amount of work required to climb a flight of stairs, the formula is Work (in joules) = Weight (in newtons) X Stairs Height (in meters.)
What is meant by Workforce?The pool of people who are either employed or unemployed is referred to as the workforce or labor force. But, it can also refer to a certain geographic area like a city, state, or country. It is typically used to describe people who work for a single organization or industry. The "Workforce in Place" of a corporation can be used to describe its value. Both working and jobless people make up a country's workforce (labour force).
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you manage inventory for your company and use a continuous review inventory system to control reordering items for stock. your company is open for business 300 days per year. one of your most important items experiences demand of 20 units per day, normally distributed with a standard deviation of 3 units per day. you experience a lead time on orders from your supplier of six days with a standard deviation of two days. the unit price, regardless of order size, is $4.75. your ordering cost is $10. your inventory carrying cost is 20 percent. you have established a service level policy of 97.5 percent on this item.
Answers
In order to control inventory reordering for the item, your company should use a continuous review inventory system. The equation to use to calculate the order point for this system is:
Order Point = Demand During Lead Time + Safety Stock
To calculate the Demand During Lead Time, we must first calculate the mean demand. This is calculated as:
Mean Demand = (Demand per Day x Number of Days Open) / Number of Days Open = 20 x 300 / 300 = 20 units
To calculate the standard deviation of demand during lead time, we use the equation:
Standard Deviation of Demand During Lead Time = Standard Deviation of Demand per Day x √ Number of Days in Lead Time = 3 x √6 = 9.5
Next, we need to calculate the Safety Stock. This is calculated as:
Safety Stock = Z-Score x Standard Deviation of Demand During Lead Time = 1.96 x 9.5 = 18.92
Finally, we can calculate the Order Point as:
Order Point = Mean Demand + Safety Stock = 20 + 18.92 = 38.92 units
Therefore, the company should order 38.92 units in order to meet their service level policy of 97.5%.
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all else being equal, if a company moves down the experience curve faster than its rivals, it should realize a lower cost structure.True
False
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The statement that, if a company moves down the experience curve faster than its rivals, it should realize a lower cost structure, is True.
What is the experience curve ?The experience curve is a concept in business strategy that suggests that as a company gains more experience in producing a product or service, its costs should decrease.
This is due to a variety of factors, such as improved efficiency, economies of scale, and better use of technology. As a company moves down the experience curve faster than its rivals, it should be able to realize a lower cost structure, all else being equal.
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Which of the following dimensions of the job are related to job satisfaction? Check all that apply.
a. Competent supervision
b. Regular and specific feedback
c. Supportive coworkers
d. Opportunities for advancement
Answers
The dimensions of the job related to job satisfaction are Competent supervision, Supportive coworkers, and Opportunities for advancement. Option (a) (c) and (d) are correct.
What is Supervision?Supervision is the act of watching a person and making to assure that everything is done correctly and safely.
Intrinsic and extrinsic jobs are two major forms of job satisfaction. Intrinsic job satisfaction is contentment with the type of work the employee is doing, while extrinsic job contentment encompasses the environment in which the job is being completed.
Job satisfaction includes work content, working conditions, and leadership satisfaction, which relates to an employee's satisfaction with the individuals and things they engage with on a daily basis.
Therefore, Options (a) (c) and (d) are correct.
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A. $210 can be spent on food. B. $145 can be spent on food. C. $80 can be spent on food. D. $260 can be spent on food.
Answers
While packaging, processing, transportation, and other marketing expenses, as well as competitive variables, play a larger influence in deciding prices on supermarket shelves and restaurant menus, retail food prices still largely mirror farm-level commodity prices.
Consumers, corporations, and government agencies in the United States spent $2.12 trillion on food and beverages in grocery stores and other shops as well as on takeout meals and snacks in 2021.
D. Food can be purchased with $80.
We receive expenditures, a cell phone, food, entertainment, and savings for college.
To calculate your total spending, we must first add all of your expenses:
65+95+16+200\s=520
We must now deduct the expenses from the final income:
600-520= 80
You have access to $80.
$80 (C) (C)
65+95+200+160=520
hence limiting the price to $80.
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Knowledge Check 01 Which of the following statements about the concept of cost allocation as it pertains to equipment are true? (Select all that apply.) Check All That Apply Depreciation is recorded as a period expense in the income statement The cost of an acquisition of equipment is initially recorded as an asset The cost of an acquisition of equipment is allocated to depletion expense over the reporting periods benefited by its use For equipment used in the manufacture of a product depreciation is considered a product cost to be included as part of the cost of Inventory
Answers
The following statements are true: The cost acquisition of equipment is recorded as an asset, Depreciation is recorded as a period expense, For equipment used in the manufacturing, depreciation is considered a product cost to be included as part of the inventory cost.
What is the concept of cost allocation?The distribution or assignment of a resource's or an activity's cost to one or more cost objects, such as goods, services, organizations, or projects, is known as cost allocation. The goal of cost allocation is to make decision-making easier and to offer more precise information about the true expenses of each cost object.
For companies that produce goods, cost allocation is crucial since it makes it possible to calculate each product's genuine cost. After that, this data can be utilized to decide on product design, set prices, and assess profitability.
It's crucial to understand that cost assignment and cost allocation are two different concepts. The act of identifying and categorizing costs in accordance with their nature or function is known as cost assignment. On the other hand, cost allocation entails allocating expenses to cost objects in accordance with some sort of logical foundation.
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tao and miray are economists. tao thinks that the wealthiest 10 percent of the u.s. population should be taxed a rate higher than the rest of society because they can better afford it. miray thinks that everyone should be taxed at the same rate because that is the fairest scenario and the wealthy should not be penalized for their success. in this example, tao and miray
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In this example, Tao and Miray both have different normative views with regard to tax policy.
What is an economist's job?
Their essential obligations incorporate gathering and breaking down monetary and financial information, prompting organizations and state-run administrations on financial choices, and creating models for financial anticipating.
Tao accepts that the richest 10% of the populace ought to be taxed higher than the remainder of society, while Miray figures everybody ought to be charged at a similar rate to guarantee reasonableness, and the well-off are not punished for their prosperity.
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What is the probability the project will be finished between 62 and 66 weeks?
Answers
Assuming a two-tailed test, the probability of the project being finished between 62 and 66 weeks is approximately 34.13%.
To calculate the probability that the project will be finished between 62 and 66 weeks, we need to have information on the distribution of project completion times. Assuming that the completion times are normally distributed, with a mean of 65 weeks and a standard deviation of 2 weeks, we can use the standard normal distribution to calculate the probability.First, we need to standardize the values of 62 and 66 by subtracting the mean and dividing by the standard deviation. This gives us:z1 = (62 - 65) / 2 = -1.5
z2 = (66 - 65) / 2 = 0.5
Next, we can use a standard normal distribution table or a calculator to find the area under the curve between z1 and z2, which represents the probability that the project will be finished between 62 and 66 weeks. The probability can also be expressed as a percentage.Assuming a two-tailed test, the probability of the project being finished between 62 and 66 weeks is approximately 34.13%. This means that there is a 34.13% chance that the project completion time will fall within this range, given the mean and standard deviation of the distribution.
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The ability of price-taker firms to freely expand or contract their businesses and to enter or exit the market means that
Select one:
a. resources that would be more valuable elsewhere will not be trapped, unproductively, in a particular industry.
b. prices will always be high enough to generate positive economic profit.
c. resource owners cannot move their resources to other areas where they would be more highly valued.
d. resources that would be more valuable elsewhere will be trapped, unproductively, in a particular industry.
Answers
Price-taker enterprises have the freedom to grow or shrink their operations and enter or depart the market, which means that (a) resources that would be more value elsewhere won't be imprisoned, ineffectively, in a specific industry.
The required details for resources in given paragraph
Whenever we talk about resources, we're talking about all the things that are available to us in our surroundings that are both economically and culturally viable, technologically accessible, and assist us meet our needs and desires. Generally speaking, resources can be divided into renewable and non-renewable categories based on their availability. On the basis of their level of development and use, they can also be divided into real and potential categories.
They can also be divided into biotic and abiotic categories according to their origin, and regional and omnipresent categories according to their dispersion.
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Prepare flowcharting segments for each of the following operations: a. Processing transactions stored on a sequential medium such as a magnetic tape to update a master file stored on magnetic tapeb. Processing transactions stored on magnetic tape to update a database c. Querying a database and printing the query result d. Using a terminal to enter paper-based source document data and send it to a remote location where a corporate computer updates the company database e. Using a terminal to query your customer sales databasef. A scheduled automatic backup of a database to an external hard driveg. Use a terminal to enter employee hours recorded on time cards to update both the payroll transaction file and the wage data in the payroll master file h. Use a terminal to access a price list in the sales database to complete a purchase or der. An electronic copy of the purchase order is sent to the vendor and a backup copy is printed and filed by vendor namei. Make an airline reservation using your home computer
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We can prepare a flowchart segment for each of the following operations starting from processing transactions stored on a sequential medium to using a terminal to query the customer sales database.
What is the diagram of the flowchart and what is a flowchart?A flowchart is a picture of the separate steps of a process in sequential order. It is a generic tool that can be adapted for a wide variety of purposes, and can be used to describe various processes, such as a manufacturing process, an administrative or service process, or a project plan.
In 1987, Andrew Veronis published a book called Microprocessors: Design and Application that described the following three types of flowcharts: System flowchart, General flowchart and Detailed flowchart.
The image of the flowchart is attached below:
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You buy a share of The Ludwig Corporation stock for $23.30. You expect it to pay dividends of $1.09, $1.1543, and $1.2224 in Years 1, 2, and 3, respectively, and you expect to sell it at a price of $27.67 at the end of 3 years.
Calculate the growth rate in dividends. Round your answer to two decimal places.
Calculate the expected dividend yield. Round your answer to two decimal places.
Assuming that the calculated growth rate is expected to continue, you can add the dividend yield to the expected growth rate to obtain the expected total rate of return. What is this stock's expected total rate of return (assume market is in equilibrium with the required rate of return equal to the expected return)? Do not round intermediate calculations. Round your answer to two decimal places.
Answers
The expected total rate of return is calculated by taking the expected dividend yield and adding it to the expected growth rate 16.7%.
What is total rate?Total rate is the sum of all the rates or charges associated with a particular transaction. It is the cost for a service or product after all taxes and fees have been added to the base price. It is also referred to as the grand total or the all-inclusive rate.
Growth Rate in Dividends: The growth rate in dividends is calculated by taking the final dividend amount, subtracting the initial dividend amount, and dividing the result by the initial dividend amount.
Growth Rate = (1.2224 - 1.09) / 1.09 = 0.12
Dividend Yield: The dividend yield is calculated by taking the annual dividend amount and dividing it by the purchase price of the stock.
Dividend Yield = 1.09 / 23.30 = 0.047
Expected Total Rate of Return: The expected total rate of return is calculated by taking the expected dividend yield and adding it to the expected growth rate.
Expected Return = 0.12 + 0.047 = 0.167 or 16.7%.
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what is
entrepreneur
Answers
Answer:
an entrepreneur is a person that owns a bussinus
Explanation:
i know this because my dad is infact one ;)
"many entrepreneurs see potential in this market"
in a moving average forecast, as the value of k _____ , the forecast reacts slowly to recent changes in the time series. as the value of k _____, the forecast reacts more quickly.
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in a moving average forecast, as the value of k increases, the forecast reacts slowly to recent changes in the time series. as the value of k decreases, the forecast reacts more quickly.
What is the moving average forecast?An effective decision-making tool for businesses, the moving average is a statistical procedure for predicting long-term patterns. It uses two or more of the most recent real data values to provide a forecast.
The number of time points (k) utilized to calculate the moving average affects how clear a curve is, it also observes the change in the values of variables. A moving average is a tool for understanding a data set's tendencies in general.
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connie, the president of a company that makes paper, had to face the fact that her company has been cheating and is not in compliance with applicable environmental regulations due to dumping in a nearby river. her company has never been cited, however, because it employs a very large number of people in the community, including the mayor's wife and the chief-of-police's brother. connie has decided to go even further than the law requires and install the very latest environmental protections. when she announced her plan, the chair of the company's board of directors, brooke, had a meeting with connie. brooke told connie to analyze the situation carefully because the cost of the additional equipment would mean no dividend to shareholders and no raise for employees. furthermore, brooke told connie that installing all the new equipment would result in higher prices for the company's paper products and could bankrupt the company because of foreign competition. brooke hinted that connie could be fired if she persisted. brooke suggested that connie just be concerned with a minimal standard of ethics. which of the following is the minimal standard that a business must meet in a consideration of business ethics? question 13 options: decisions must meet the requirements of the most important stakeholders. decisions must receive a majority vote of acceptance by employees. both that decisions must be legal and that decisions receive a majority vote of acceptance by employees. decisions must meet the criteria of a follower of the wh framework for business ethics. decisions must be legal.
Answers
Option (e), The minimum need for a business to be taken into account when considering business ethics is that decisions must be legal.
What prerequisites must the company meet in order to be moral?Organizations are protected from legal liability by following business ethics, which ensures that they treat their customers and staff with respect. Corporate governance, bribery, insider trading, discrimination, and social responsibility are among the issues that business ethics codes typically address.
What kinds of business morals exist?Business ethics is the expected code of conduct for organizations. It is a set of guidelines for carrying out numerous procedures morally. The terms "corporate responsibility," "personal responsibility," "social responsibility," "loyalty," "respect," "dependability," and "technology ethics" are all used to describe this area.
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Ethical relativism is defined as the ability to influence followers to achieve common goals through shared purposes. True or False.
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Ethical relativism is defined as the ability to influence followers to achieve common goals through shared purposes. This statement is false.
What is Ethical relativism?The idea that morality is based on cultural standards is known as ethical relativism.
There are no universal moral laws that can be applied to all individuals at all times, according to the ethical relativist. The only moral benchmarks a community may use to evaluate its actions are it's own. If ethical relativism is true, there is no framework that can be used by people of various communities to resolve moral disagreements or come to an ethical consensus.
Therefore, This statement is false.
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According to the text, Schumpeter described the cyclical destruction and creation of new businesses as ________.
designed to increase company efficiency
designed to help entrepreneurs
natural in a capitalist system
natural in a socialist system
Answers
Natural in a capitalist system.Schumpeter referred to the capitalist system's natural cycle of firm formation and destruction as "cyclical destruction," per the text.
What Was Joseph Schumpeter Renowned For? Who Was He?The economist, essayist, and economic historian Joseph Alois Schumpeter (1883–1951) was trained in Austria. He is thought to be among the finest thinkers of the 20th century. The most notable contributions of Schumpeter are the introduction of the idea of entrepreneurship as well as his views on business cycles, the growth of capitalist economies, and business cycles. The entrepreneur, according to Schumpeter, is the foundation of capitalism since they are the ones that bring new ideas to the world, and new ideas are what power a capitalist economy.
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problem 02-03 algo gdp per capita in the united states was approximately $63,000 in 2020. use the growth formula (see below) to answer the following questions.instructions: round your responses to the nearest whole number.what will gdp per capita be in the year 2026 if it grows each year by 0 percent?gdp per capita in 2026: $ 63000what will gdp per capita be in the year 2026 if it grows each year by 2 percent?gdp per capita in 2026: $ 70560 growth formula: (future value)
Answers
GDP per capita is a measure of the total output of goods and services produced by a country per person.
What is GDP?Gross Domestic Product (GDP) is a measure of the total market value of all goods and services produced within a given country in a given period of time. It is one of the most important indicators of a nation's economic health, as it reflects the total value of all goods and services produced, including consumer and government spending, investments, and exports less imports. GDP is typically calculated by adding up the value of all goods and services produced within a nation's borders and subtracting the value of all imported goods and services. GDP is used to determine the overall size of an economy, the rate of economic growth, and the level of economic development.
The growth formula is used to calculate the future value of a current value based on a given rate of growth.
In this example, the current value is $63,000 and the rate of growth is 0% and 2%. The formula used to calculate the future value is future value = current value x (1 + growth rate).
Future value for 0% growth is $63,000 multiplied by (1 + 0%) to equal $63,000.
For 2% growth, the future value is $63,000 x (1 + 2%) = $70,560.
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what is a database query ?
Answers
Answer:
A database query is a request for data from a database. The request should come in a database table or a combination of tables using a code known as the query language. This way, the system can understand and process the query accordingly.
Explanation:
a project being analyzed by pert has 60 activities, 13 of which are on the critical path. if the estimated time along the critical path is 214 days with a project variance of 100, the probability that the project will take 234 days or more to complete is group of answer choices 0.02275 0.97725 0 0.1587 0.8413
Answers
There is a 0.1587 percent chance that the project will take 234 days or longer to finish. As a result, choice (C) is accurate.
What is meant by Critical path method?The critical path method (CPM) was developed by Morgan R. Walker of DuPont and James E. Kelley Jr. of Remington Rand in the late 1950s as a project modeling approach.
Walker and Kelley talked about their memories of the 1989 CPM expansion. Booz Allen Hamilton, the U.S. Navy, and the PERT were all founded at the same time, and Kelley gave them credit for coining the term "critical route."
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To find the bottleneck in a process with attrition loss, all we need to do is find the resource with the lowest capacity. True or false?a. Trueb. False
Answers
This statement is False because A work stage that receives more work requests than it can handle at its maximum throughput capacity is said to be a bottleneck in the process.
What is attrition vs turnover?Employee attrition happens as a result of natural causes like retirement, whereas turnover refers to layoffs caused by detrimental factors such variations in company culture and toxic management. As workers leave the organization for a variety of reasons, like layoffs and terminations, turnover and attrition take place.
How is attrition calculated?To determine attrition, divide the overall mean of departures in a particular time by the average number of workers in that period, multiply by 100, and then divide that result by the people employed in that period. This shows how many individuals are still present following departures, or how much labor you're losing.
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Which of the following is an example of a potential benefit that technology brings to business communication? Better communication.
Answers
Better communication is an example of a potential benefit that technology brings to business communication. The ease with which distant employees can now be contacted is one of technology's key benefits in workplace interactions.
What advantages does technology have for corporate communications?
Technology makes it possible to communicate more quickly, widely, and effectively. This includes encounters with your coworkers, clients, prospective clients, investors, or the general public.
A potential advantage of technology for business communication is better communication, for instance. One of technology's major contributions to workplace relations is the simplicity with which remote employees may now be contacted.
Therefore, Future workplaces will depend more on remote workers, thus it's critical to have a platform that can connect with them.
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Suppose the Council of Economic Advisers is conducting a study to estimate the proportion of U.S. households that are eligible for the earned income tax credit. The project manager desires a 0.05 margin of error at 99% confidence. The planning value for p is p* = 0.13. To satisfy the desired margin of error, a sample size no smaller than ________ is needed.
Answers
The project manager wants the percentage of US families that qualify for the earned income tax credit to have a 0.02 margin of error at 90% confidence.
How does a management operate?
Through hiring, firing, and planning departmental operations, the staff administers the department's goals. People who are hired, screened, onboarded, and trained help an employer retain their employees. guarantees compliance and a secure environment for work. provide the opportunity for personal growth. A manager is a qualified individual who directs an organization while supervising a group of workers. Despite the fact that there are many different kinds of managers, most of them are responsible for making decisions and carrying out performance reviews.
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Identify the policy under which an employer refuses to hire or terminates a worker whose spouse works at a competing firm. a. Anti-nepotism policy b. Antitrust policy c. Affirmative action policy d. Conflict-of-interest policy
Answers
The policy under which an employer refuses to hire or terminates a worker whose spouse works at a competing firm is Conflict-of-interest policy.
A conflict-of-interest policy is a collection of rules or guidelines that an organisation establishes to avoid circumstances in which a person's interests potentially clash with those of the organisation.
An anti-nepotism policy, on the other hand, prohibits the hiring or promotion of relatives of current employees to avoid any apparent or actual favouritism or unfair treatment. In order to promote competition and avoid monopolies and other anti-competitive economic practises, a body of laws and regulations known as antitrust policies has been established.
Affirmative action policies are a collection of initiatives or programmes designed to promote equality of opportunity for historically underrepresented groups, like minorities or women, in the workplace or in education.
What do antitrust laws seek to accomplish?To foster and protect commercial competition, antitrust laws were developed. These are the three different categories of corporate combinations: Conglomerate, both vertically and horizontally. Vertical combinations refer to groups of businesses that are allegedly in various phases of production from one another while horizontal combinations refer to groups of businesses that are allegedly in the same stage of production.
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Oakwood Company had accounts receivable of $750,000 and an allowance for doubtful accounts of $21,500 just prior to writing off as worthless a customer's $5,000 account receivable. Calculate the net realizable value of Oakwood's accounts receivable before and after the write off. (Hint: Net Realizable Value of AR Gross AR- Allowance for Bad Debts) Net Realizable Value of Accounts Net Realizable Value of Accounts Receivable before the write off Receivable after the write ott
Answers
Net Realisable Value is the difference between an asset's average wholesale cost and all additional expenses that are expected to be paid during its sale (NRV). When valuing goods, NRV is extremely important.
Credit-based purchases produce individual balances. The amount shown on a balance sheet for receivable accounts is its net realisable value, or the amount of cash the business anticipates will be received over time from these accounts, in accordance with U.S. GAAP.
Before the write-off, the accounts receivable's net realisable worth is
750000-21500 = 728500
After the write-off, the account's net realisable worth is
(750000-5000)-(21500-5000) = 728500
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true/false. department b had a beginning inventory balance of 150 units. during the accounting period, the department started an additional 950 units, and 975 units were completed and transfered out. department b had an ending balance of units.
Answers
The department B had an ending balance would be 125 units.
What is meant by inventory balance?Inventory Balance denotes the dollar value of the inventory as of the measurement date, based on the standard costs of the seller or one or more of its affiliates as defined above for the purpose of such measurement.
In accounting, inventory is a type of asset. Because firms usually utilize, sell, or replenish it in less than a year, it is represented as a current asset on the balance sheet.
According to the query, the Department of B's ending inventory balance is equal to the starting inventory balance plus the extra units minus the transferred out units.
An initial inventory balance of around 150 units belongs to Department B. The department had 950 units at the beginning of the era, and 975 of those units were finished. hence, the final balance of
Department B = 150 + 950 - 975 = 125 units.
Therefore, the department B had an ending balance be 125 units
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Eventually, mature industries begin a decline stage. Some industries face death, while others find new life in a process called retrenchment.
T/F
Answers
Answer
T is the correct answer
which of the following factors, listed in a situation analysis for a major u.s. auto manufacturer, is the best example of a threat?
Answers
A New York law firm has filed a $10 million class action suit against the company on behalf of car owners whose gas tanks exploded is the best example of a threat.
Option C is correct.
What exactly does the term "economic" mean?Economics is the study of scarcity and how it affects the use of resources, the production of goods and services, the growth of production and welfare over time, and a wide range of other complicated issues that are crucial to society.
What is an acceptable definition of economics?Products are materials and goods that satisfy customers' needs and wants. A good could be something tangible, a service, or a combination of the two. If something gives customers an advantage, it might be considered useful.
Incomplete question :
Which of the following factors, listed in a situation analysis for a major U.S. auto manufacturer, is the best example of a threat?
A. The factory that manufactures a new, popular car cannot build enough vehicles to meet the demand, while other factories have excess capacity.
B.Recent consumer studies have indicated that Chinese consumers prefer American cars.
C. A New York law firm has filed a $10 million class action suit against the company on behalf of car owners whose gas tanks exploded.
D. Due to outdated engine technology, the company's cars get lower gas mileage than those of major competitors.
E.The company has lower manufacturing costs than its key competitors, allowing it to sell its cars at low prices.
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Clark and Hunt organized Jet Corp. with authorized voting common stock of $400,000. Clark contributed $60,000 cash. Both Clark and Hunt transferred other property in exchange for Jet stock as follows: Adjusted Basis Fair Market Value Percentage of Jet Stock Acquired Clark $50,000 $100,000 40% Hunt 120,000 240,000 60% What was Clark's basis in Jet stock
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Answer:
Explanation:
To calculate Clark's basis in Jet stock, we need to determine the total value of the stock he received in exchange for his cash and property contributions.
First, we can calculate the total fair market value of Jet Corp.'s authorized common stock as:
$400,000
Next, we can calculate the total fair market value of the property contributed by both Clark and Hunt as:
Clark's contribution: $100,000 fair market value
Hunt's contribution: $240,000 fair market value
Total: $340,000 fair market value
We can then determine the percentage of Jet stock that Clark received by dividing the fair market value of his contribution by the total fair market value of all contributions:
Clark's contribution: $100,000 fair market value / $340,000 total fair market value = 29.41%
Therefore, Clark received 29.41% of Jet Corp.'s authorized common stock.
To determine Clark's basis in his Jet stock, we need to allocate his total contribution (cash plus property) between the two assets he received (cash and Jet stock) based on their relative fair market values.
Clark's cash contribution was $60,000, and the fair market value of his Jet stock is $100,000. Therefore, his total contribution was $160,000 ($60,000 cash + $100,000 stock).
To calculate Clark's basis in his Jet stock, we can multiply his total contribution by the percentage of Jet stock he received:
$160,000 total contribution x 29.41% Jet stock = $47,059.
Therefore, Clark's basis in his Jet stock is $47,059.
Awake Cafe, a U.S. coffee company, produces a latte at its location in Minneapolis on January 18, 2017. It sells the latte to a customer immediately.
Athleticus, a U.S. shoe company, produces a pair of sneakers at a plant in Vietnam on March 4, 2017. Athleticus imports the pair of sneakers into the United States on May 28, 2017.
An accountant starts a client's 2017 tax return on April 14, 2018, finishing it just before midnight on April 15, 2018.
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It quickly sells a customer a latte. On March 4, 2017, a Vietnam-based facility of the American shoe manufacturer Athleticus creates a pair of sneakers.
What do you mean by a manufacturer?
A manufacturer is a person or business that creates finished things from raw materials using a variety of tools, equipment, and procedures, and then sells the products to consumers, wholesalers, distributors, retailers, or other manufacturers for the creation of more complicated goods. Any company that employs components or raw materials to produce completed things is considered a manufacturing business. The majority of the items we use are manufactured, including furniture, medical equipment, aircraft, and electrical devices.
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