The accounting equation should be analyzed at the closing of the month at the time when the revenues and expenses should vary equity account.
The following information should be considered:
The accounting equation is the assets that are equivalent to the liabilities & equity, and the same should be shown in the balance sheet.The assets & liabilities do not show on the income statement.The revenues & expenses should vary equity account as the difference between the revenue and expense should be added or subtracted to the equity account. It means if the revenue is more than the expense, so it is an income, and the same should be added to the equity account, and vice versa.The increment & decrement of the cash should be shown under the cash flow statement.Therefore we can conclude that The accounting equation should be analyzed at the closing of the month at the time when the revenues and expenses should vary equity account.
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What report in QuickBooks Online will show whether a client was profitable for a specific period?
a. Balance Sheet
b. A/R Aging report
c. Profit & Loss
d. Trial Balance
Answer these four questions in complete sentences.
You may choose from the strengths covered in this activity. If you would like more options, type
"entrepreneur strengths" or "entrepreneur qualities" into your favorite search engine.
1. What are your top five strengths?
2. How will these strengths help you as an entrepreneur?
3. What are two areas of focus for you?
4. How will focusing on these areas help you as an entrepreneur?
Answer:
1ans) activator.
adaptability.
analytical.
arranger.
belief.
command.
communication.
state the relationship between AR and MR
Answer:
The relation between average revenue and marginal revenue can be discussed under pure competition, monopoly or monopolistic competition or imperfect competition.
Mark me as brainliest please
Explanation:
Answer: it’s B. I just took the quiz.
Explanation:
I sleep with my light on and that’s ok
An employee that has unpaid bills might exhibit the following fraud factor: __________a. Rationalization b. Pressure c. Opportunity
Answer:
Option B, Pressure is a fraud factor that an employee has a unpaid bills.
Explanation:
Fraud risk factors are factors or situations that:
represents rationalizations or behavior to justify a fraudulent activity; represents a pressure to perpetrate fraud; or produce an opportunity to commit fraud.Therefore, Option b. Pressure is the correct answer.
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This is like free point/s lol.
10 <3
Scenario: 500 units of a product are being manufactured and the question to be answered is whether or not to perform a particular test on those units before shipping. The test costs $10,000 per unit to perform. The cost not to perform the test is $0 per unit, but if a unit fails in the field then it will have to be fixed in the field, which has a cost of $350,000 per unit.
If the units are tested, for the units that pass the test, there is now an additional cost of re-readying the units for delivery of $2,000 per unit. For the units that fail the test, there is now an additional cost of $21,000 to fix the units, as well as the $2,000 per unit cost of re-readying them for delivery, for a $23,000 total cost per unit.
Historically you know and can count on the fact that 96% of your products will pass the testing. The same pass/fail rate for testing applies to the pass/fail rate observed in the field.
To fully complete this assignment, you need to answer or perform the following:
The math and resulting values you are expected to fill in to show the completion of the decision tree.
Be sure to fill in the last two values: what is the Expected Monetary Value for both performing the test and not performing the test?
Which choice should be made? Be sure to include with your submission an answer to whether the test should be performed or not, and give a short answer why.
Answer:
7000
Explanation:
The better choice is to not perform the test. This decision is based on the higher expected monetary value, indicating that not performing the test is more financially favorable in this scenario.
How did we arrive at this assertion?To make an informed decision, we'll calculate the Expected Monetary Value (EMV) for both performing the test and not performing the test.
For performing the test:
EMV = (Probability of passing * (Revenue - Test Cost)) + (Probability of failing * (Revenue - Test Cost - Fixing Cost - Re-readying Cost))
EMV = (0.96 * ($350,000 - $10,000)) + (0.04 * (-$350,000 + $23,000))
For not performing the test:
EMV = (Probability of passing in field * Revenue) + (Probability of failing in field * Fixing Cost)
EMV = (0.96 * $350,000) + (0.04 * $350,000)
Now we'll calculate the values:
EMV for performing the test = (0.96 * $340,000) + (0.04 * -$327,000) = $326,400
EMV for not performing the test = (0.96 * $350,000) + (0.04 * $350,000) = $350,000
Based on the calculations, the EMV for not performing the test is higher ($350,000) than performing the test ($326,400).
Therefore, the better choice is to not perform the test. This decision is based on the higher expected monetary value, indicating that not performing the test is more financially favorable in this scenario.
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what are the reasons for looting in South Africa other than politics
Explanation:
The unrest began on July 8 when former President Jacob Zuma started serving a 15-month prison sentence for contempt of court. Supporters in his home province of KwaZulu-Natal set up roadblocks on major highways and burned about 20 trucks.
pls mark me branilest
define desire and want
Answer:
give him brainlist
have a great day
Answer: To like/ want
Explanation:
what is the most employment intensive sector of the economy
THREE reasons except politics for the looting of shops,malls and the destruction of business property in GAUTENG and KwaZulu Natal
Answer:
poverty,lack of AQ,others do it for fun
In its proposed 2020 income statement, Hrabik Corporation reports income before income taxes $493,000, income taxes $172,550 (not including unusual items), loss on operation of discontinued music division $58,000, gain on disposal of discontinued music division $38,000, and unrealized loss on available-for-sale securities $151,000. The income tax rate is 35%.
Prepare a correct statement of comprehensive income, beginning with income before income taxes. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).)
The correct statement of comprehensive income is $209,300
Hrabik Corporation Statement of comprehensive income (partial) For the year ended December 31, 2020
Income before income taxes $493,000
Less Income tax expense $172,550
Income from continuing operations $320,450
($493,000-$172,550)
Discontinued operations
Loss from operation of discontinued division ($37,700)
[$58,000×(1-35%)]
Gain from disposal of discontinued division $24,700
[$38,000×(1-35%)]
($13,000)
Net Income $307,450
($320,450-$13,000)
Unrealized Loss on available-for-sale Securities ($98,150)
[$151,000×(1-35%)]
Comprehensive income $209,300
($307,450-$98,150)
Inconclusion The correct statement of comprehensive income is $209,300
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Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below.
Information necessary to prepare the year-end adjusting entries appears below.
Depreciation on the office equipment for the year is $11,200.
Employee salaries are paid twice a month, on the 22nd for salaries earned from the 1st through the 15th, and on the 7th of the following month for salaries earned from the 16th through the end of the month. Salaries earned from December 16 through December 31, 2021, were $1,350.
On October 1, 2021, Pastina borrowed $52,400 from a local bank and signed a note. The note requires interest to be paid annually on September 30 at 12%. The principal is due in 10 years.
On March 1, 2021, the company lent a supplier $22,400 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2022.
On April 1, 2021, the company paid an insurance company $8,400 for a one-year fire insurance policy. The entire $8,400 was debited to prepaid insurance.
$830 of supplies remained on hand at December 31, 2021.
A customer paid Pastina $3,200 in December for 1,350 pounds of spaghetti to be delivered in January 2022. Pastina credited deferred sales revenue.
On December 1, 2021, $2,200 rent was paid to the owner of the building. The payment represented rent for December 2021 and January 2022 at $1,100 per month. The entire amount was debited to prepaid rent.
1. & 2. Post the unadjusted balances and adjusting entires into the appropriate t-accounts. (Enter the number of the adjusting entry in the column next to the amount. Do not round intermediate calculations. Round your final answers to nearest whole dollar.)
The unadjusted balances and adjusting entries are posted into the appropriate t-accounts of Pastina Company on December 31, 2021 as shown below.
T-Ledger accounts:
1. Debit Depreciation Expense $11,200
Credit Accumulated Depreciation on Office Equipment $11,200
2. Debit Salaries Expense $1,350
Credit Salaries Payable $1,350
3. Debit Interest Expense $1,572
Credit Interest Payable $1,572 ($52,400 x 12% x 3/12)
4. Debit Interest Receivable $1,493
Credit Interest Income $1,493 ($22,400 x 8% x 10/12)
5. Debit Insurance Expense $6,300
Credit Prepaid Insurance $6,300 ($8,400 x 9/12)
6. Debit Supplies Expense $1,470
Credit Supplies $1,470 ($2,300 - $830)
7. No adjustment required
8. Debit Rent Expense $1,100
Credit Prepaid Rent $1,100
Data and Analysis:
1. Depreciation Expense $11,200 Accumulated Depreciation on Office Equipment $11,200
2. Salaries Expense $1,350 Salaries Payable $1,350
3. Interest Expense $1,572 Interest Payable $1,572 ($52,400 x 12% x 3/12)
4. Interest Receivable $1,493 Interest Income $1,493 ($22,400 x 8% x 10/12)
5. Insurance Expense $6,300 Prepaid Insurance $6,300 ($8,400 x 9/12)
6. Supplies Expense $1,470 Supplies $1,470 ($2,300 - $830)
7. No adjustment required
8. Rent Expense $1,100 Prepaid Rent $1,100
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1. Explain how 'Returns to Scale' and 'Law of Diminishing Returns' would affect cost in a manufacturing company.
Law of diminishing return has a positive relationship with marginal cost
Explanation:
The law of diminishing returns implies that marginal cost will rise as output increases. Eventually, rising marginal cost will lead to a rise in average total cost.
A decision strategy is a sequence of decisions and chance outcomes, where the decisions chosen depend on the yet to be determined outcomes of chance events.
a. True
b. False
Answer:
false is the correct answer
how did the looting of shops and malls will affect the businesses in the the terms of the relationships between social responsibility and triple bottom line?
Businesses reduce their incentives that will lead to minimizing their ability to carry out their part for social responsibility of the triple bottom line.
The triple bottom line is an obligation on businesses to not just look for their profit but include and maintain a good balance between these factors:
economic growth social welfare environment impactBusinesses should follow the Triple bottom line:
Making profits Making sure that there is positive social welfare on their part. Maintain ecological footprintThus, The correct answer would be - the ability of businesses to meet both their social responsibility and Triple bottom line is minimized and not as it was in normal conditions.
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What type of appliances are technicians certified to charge and open after passing the Type I examination?
Answer:
Appliances containing 5 pounds or less of refrigerant that have been hermetically sealed and charged at the factory.
appliances that have been hermetically sealed and charged at the manufacture and contain 5 pounds or less of refrigerant.
What is Type I examination?1. EU type-examination is the process by which a notified body determines and certifies that a device, including its technical documentation, pertinent life cycle processes, and an associated representative sample of the device production planned, satisfies the pertinent requirements of this Regulation.
2. The EPA has created four different certifications: in order to maintain tiny appliances (Type I). except for small appliances and MVACs, for the maintenance or disposal of high- or extremely high-pressure appliances (Type II). For maintaining or getting rid of low-pressure equipment (Type III).
Appliances of Type I are hermetically sealed. This denotes that internal components are both airtight and sealed against the elements. Consider this to be your phone. Your phone's internal circuitry and other components are enclosed in a tidy device.
Thus, appliances that have been hermetically sealed
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