The journal entry shows that there'll be a debit of cash for $800,000.
How to illustrate the journal entry?The capital to be contributed will be:
= ($500000 + $500000 + $800000)/3
= $1,800,000/3
= $600,000
Capital account, Partner A = ($800000 - $600000) × 60% = $120000
Capital account, Partner B = ($800000 - $600000) × 40% = $80000
Capital account, Partner C = $600000
The journal entry will be:
Debit Cash $800000
Credit Capital account, Partner A = $120000
Credit Capital account, Partner B = $80000
Credit Capital account, Partner C = $600000
(Being the capital account of partner and C is admitted as partner)
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Last year a country had exports of $100 billion, imports of $70 billion, and purchased $60 billion worth of foreign assets. What was the value of domestic assets purchased by foreigners
The calculation below shows that the value of domestic assets purchased by foreigners is $30,000.
Calculation of the value of domestic assets purchased by foreignersThe value of domestic assets purchased by foreigners can be calculated using the following formula:
Domestic assets purchased by foreigners + Exports = Foreign assets purchased + Imports ………… (1)
Substituting the relevant values into equation (1) and solving for Domestic assets purchased by foreigners, we have:
Domestic assets purchased by foreigners + $100 billion = $60 billion + $70 billion
Domestic assets purchased by foreigners = $60 billion + $70 billion - $100 billion
Domestic assets purchased by foreigners = $130 billion - $100 billion
Domestic assets purchased by foreigners = $30 billion
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A specialized accounting book in which information is accumulated into specific categories and posted so managers can find all information about one account in the same place is a.
A specialized accounting book for accumulating and posting business transactions into specific categories is a ledger.
What is a ledger?A ledger is a specialized accounting tool. It can also be described as a financial book or computer program.
In the ledger, information from accounting journals is accumulated and posted into specific categories matching the type of accounts.
From the ledger, the trial balance is extracted, which forms the basis for preparing the financial statements that show an entity's financial profitability and position.
Thus, a specialized accounting book for accumulating and posting business transactions into specific categories is a ledger.
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Alicia has been working for ten years. She has not invested her money yet, and the company she works for offers a
401(k). She has saved up $5,000 and could set aside $150 per month for saving or Investing. Using the principles and
strategies of saving and Investing, create an outline of a diversified saving and investing plan.
A diversified saving and investing plan should start with establishing an emergency fund.
This fund should cover at least three to six months' worth of expenses and should be kept in a high-yield savings account or a money market account. After establishing an emergency fund, the next step would be to contribute to a 401(k) if available. If not, consider opening an individual retirement account (IRA) and contribute regularly.
In addition to retirement accounts, consider investing in a diversified portfolio of stocks, bonds, and mutual funds. This can be done through a brokerage account or a robo-advisor. It is important to spread investments across various asset classes and industries to minimize risks. Regularly review and adjust investments to maintain a balanced portfolio.
Lastly, it is important to continually educate oneself on the principles and strategies of saving and investing. Stay informed of market trends and economic indicators to make informed decisions. By setting aside $150 per month, she can gradually build a diversified portfolio and secure her financial future.
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Programs designed to create a workplace that enhances employee well-being are referred to as ________ programs.
Answer: quality of work life programs
I hope this helps :D
As a young person, why is it important to have a free checking account, if possible?.
It is important to have a free checking account as a young person in order to keep one's money and avoid unnecessary spending.
What is a checking account?A checking account simply means a deposit account with a bank that allows the holder to make deposit.
In this case, it's important to have a free checking account as a young person in order to keep one's money and avoid unnecessary spending.
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Assume that in the year 2010, the US Nominal GDP was $15 trillion, while the GDP deflator was 200. Calculate the US Real GDP for 2010.
Assume that in the year 2010, the US Nominal GDP was $15 trillion, while the GDP deflator was 200. US Real GDP for 2010 is 7.5%.
Real GDPUsing this formula
GDP=Nominal GDP/GDP deflator×100
Where:
Nominal GDP=$15 trillion
GDP deflator=200
Let plug in the formula
GDP=$15 trillion/200×100
GDP=7.5%
Therefore US Real GDP for 2010 is 7.5%.
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The ability to read, understand, and analyze accounting reports and financial statements is critical in understanding ______.
Answer:
business operations
Explanation:
As of 2019, Tom Craddick, the representative with the longest tenure of service, has served ______ years.
Answer: 50
Explanation: He is the longest tenure of service
What does an effective food defense program accomplish?.
Answer:
The system will be able to detect pathogens in food, identify their source, and contain the contamination. It also includes prevention measures such as cooking practices, personal hygiene, and sanitation. Effective food defense systems will help to reduce the risk of foodborne illnesses.
The effective food defense system will be able to identify pathogens in food and identify their source as well as the source of contamination. Cooking practises, personal hygiene, and sanitation are also included as prevention measures. Foodborne illness risks can be reduced with effective food defence systems.
Food security, nutrition, and safety are all inextricably linked. Every year, an estimated 600 million people – nearly one in every ten people in the world – become ill after eating contaminated food, and 420 000 die, resulting in a loss of 33 million healthy life years (DALYs).
Each year, low- and middle-income countries lose US$ 110 billion in productivity and medical costs as a result of unsafe food. Children under the age of five account for 40% of the foodborne disease burden, with 125 000 deaths each year. Foodborne diseases stymie socioeconomic development by taxing health-care systems and wreaking havoc on national economies, tourism, and trade.
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Which of the following would be true, "If price for a product declines, then............."
A. Demand decreases
B. Demand is not affected
C. Consumers find alternatives
D. Demand increases
When a country that imported a particular good abandons a free-trade policy and adopts a no-trade policy,.
Answer: When a country allows trade and becomes an importer of a good,. domestic producers become worse off, and domestic consumers become better off.
Hope it helps !
A buyer or seller that is unable to affect the market price is called:.
Another official wants to harvest timber in a more sustainable way. The official wants to assess individual trees and remove only the most economically valuable trees to help maintain the forest ecosystem. Propose a logging technique that would best meet these two goals.
The official can assess individual trees and remove only the most economically valuable trees to help maintain the forest ecosystem.
What is forest ecosystem?A forest ecosystem serves as the functional unit which comprises of soil, trees, insects, animals, birds and they interact together.
Therefore, to maintain most economically valuable trees , we need to maintain the forest ecosystem.
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Why do interest rates on loans tend to be lower in a weak economy than in a strong one?
a.
A weak economy tends to have low inflation, so interest rates drop to match.
b.
Borrowers in a weak economy are less likely to default on their loans, so interest rates are correspondingly low.
c.
In a weak economy there is less demand for credit, so the price drops.
d.
The strength or weakness of an economy is determined by interest rates; low interest rates actually cause a weak economy.
Answer:
Interest rates on loans tend to be lower in a weak economy because (c)In a weak economy there is less demand for credit, so the price drops.
Explanation:
Coupons, discounts, freebies, and rebates are all examples of _______.
Answer:
consumer sales promotions
Explanation:
:) Hope this helps
Answer:
its consumer sales promotions
Explanation:
i got it right
For firms engaged in international lending and borrowing, ____________________ can have an enormous effect on profits.
HELP ASAP!!!
An investment bank has a position vacant for the post of finance manager. Which three skills will they look for in their candidates?
A. creativity
B. decision making
C. teamwork abilities
D. quantitative data analysis
E. selling skills
Answer:
it ia A
Explanation:
could somone list the major rules in playing basketball
Answer:
Only five player per team on the court.
Score more than your oponent to win.
You have to dribble the ball while moving, or if you stop dribbling the ball you cant move your feet so you have to pass it or shoot it.
Defense must stop offense from scoring.
Offense must score on the defense.
Each team only has 24 seconds to score in the hoop.
If someone is fouled they get to do a free throw shot.
Each player cannot have more than 5 fouls.
Explanation:
These are just the basic ones, there are way more.
HGD
______ analysis is a technique that expresses each financial statement amount as a percentage of another amount on the same financial statement.
Answer: vertical
Explanation:
HELPPP!!!
Discounting items on your restaurant’s menu has a time and place but should be done as frequently as possible.
A. True
B. False
What is the percentage of Internet searches conducted via mobile phones?
89%
77%
over 50%
under 40%
Answer:
Over 50%
Explanation:
Globally, 68.1% of all website visits in 2020 came from mobile devices—an increase from 63.3% in 2019
The _____ for an activity is the latest possible time an activity might begin without delaying the project finish date. Group of answer choices early finish date late finish date late start date early start date
Answer:
Late start date.
Explanation:
The late start date is the latest possible time an activity might begin without delaying the project finish date. It takes into account both parts of the sentences. "Late" as in "latest possible time", and start as in "[to] being, without delaying the project...".
An unexpected change in raw materials costs would likely affect the ________ variance. materials quantity materials price labor price labor quantity
When there is an unexpected change in the cost of raw materials, this would most probably affect the materials price variance.
What happens when there is a change in raw material pricing?The materials price variance involves both the budgeted cost of raw materials and the actual cost.
If there is a change in material cost therefore, the material price variance will have to change as well.
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_____ are examples of consumer markets Soft goods Soft goods Selling services to businesses Selling services to businesses Services Services Selling finished goods
Soft goods and selling services to businesses are examples of consumer markets.
What is consumer market?Consumer market is a market where an individual who wants to consume a product or needs a service can buy for their use.
Consumer markets are products for consumption.
Therefore, soft goods and selling services to businesses are examples of consumer markets.
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Damian works at ulta. A customer approaches him and mentions they saw an advertisement for a new eyeshadow palette that just came out. Damian informs the customer that the store is sold out but will get a new shipment in two weeks. Damian also informs the customer the store has several eyeshadow palettes that are very similar and leads them to a product that he feels will meet their needs. Damian is engaging in _______.
Damian is a sales person at Ulta store. He guides his customer about the eyeshodow palette and help make him decision.
This is an example of Personal Selling.
Personal Selling:It is a technique in which a store has various salesperson who guides their customers by using their interpersonal skills. It is a face to face selling technique.
In this scenario Damian helps his customer to make a buy decision about an eye shadow palette. He guides his customer and tries to satisfy him with his marketing skills.
The correct answer is Personal Selling
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You have a hardcopy of a report that you found some errors on that must be corrected. The report is three pages long and you have about 20 minutes before a meeting you must attend to present the report. Unfortunately, the report was created on your laptop at home and you have no way of getting to it quickly. What is your best option
Answer:
important files like that should be saved on a flash so if did you can borrow a computer and correct it.
Tristan promises to paint Katy's house in exchange for Lila's promise to plant trees on Tristan's property. This is
The third-party beneficiary contract was entered when Lila promise to plant trees on Tristan's property.
What is a third-party beneficiary contract?A third-party beneficiary serves as the type of contract whereby a benefit from a contract is been made between two parties.
In this contract, the beneficiary may have a right to compensation if the contract is not fulfilled.
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“The Reserve Bank of Australia declared it would stop buying government debt”. Discuss, in terms of fiscal policy, how government debt can be a problem and how interest rates affect government debt.
When it comes to fiscal policy, it can be a problem if government debt is no longer purchased as the government will turn to taxes for funding or reduce spending.
Government debt is affected by interest rates in that when rates are higher, the government borrows less.
What is the effect of government debt on fiscal policy?If the government decides to stop buying government debt as is the case with Australia, it means that the government will either reduce its spending, or increase taxes.
Both of these things will lead to a lower economic growth and so are not desired. The government however, might be forced to reduce borrowing due to high interest rates that make borrowing more expensive.
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Bond Discount, Entries for Bonds Payable Transactions On July 1, Year 1, Livingston Corporation, a wholesaler of manufacturing equipment, issued $46,000,000 of 20-year, 10% bonds at a market (effective) interest rate of 11%, receiving cash of $42,309,236. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: For all journal entries with a compound transaction, if an amount box does not require an entry, leave it blank. 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, Year 1. Year 1 July 1 fill in the blank d5f60d01dfe0075_2 fill in the blank d5f60d01dfe0075_3 fill in the blank d5f60d01dfe0075_5 fill in the blank d5f60d01dfe0075_6 fill in the blank d5f60d01dfe0075_8 fill in the blank d5f60d01dfe0075_9 2. Journalize the entries to record the following: a. The first semiannual interest payment on December 31, Year 1, and the amortization of the bond discount, using the straight-line method. (Round to the nearest dollar. ) Year 1 Dec. 31 fill in the blank 4cc83103403c031_2 fill in the blank 4cc83103403c031_3 fill in the blank 4cc83103403c031_5 fill in the blank 4cc83103403c031_6 fill in the blank 4cc83103403c031_8 fill in the blank 4cc83103403c031_9 b. The interest payment on June 30, Year 2, and the amortization of the bond discount, using the straight-line method. (Round to the nearest dollar. ) Year 2 June 30 fill in the blank 532360023fd8f84_2 fill in the blank 532360023fd8f84_3 fill in the blank 532360023fd8f84_5 fill in the blank 532360023fd8f84_6 fill in the blank 532360023fd8f84_8 fill in the blank 532360023fd8f84_9 3. Determine the total interest expense for Year 1. Round to the nearest dollar. $fill in the blank 24bbf0f8207505a_1 4. Will the bond proceeds always be less than the face amount of the bonds when the contract rate is less than the market rate of interest? 5. Compute the price of $42,309,236 received for the bonds by using
The entry to record the amount of cash proceeds onJuly1 is:Debit Cash $42,309,236;Debit Discount on Bond payable $3,690,764;Credit Bonds payable $46,000,000.
Journal entries1. July 1
Debit Cash $42,309,236
Debit Discount on Bond payable $3,690,764
($46,000,000-$42,309,236)
Credit Bonds payable $46,000,000
2a. December 31
Debit Interest Expense $2,327,008
($42,309,236×11%/2)
Credit Discount on Bond payable $27,008
Credit Cash $2,300,000
($46,000,000×10%/2)
2b. June 30
Debit Debit Interest Expense $2,328,493
[($42,309,236+$27,008)×11%/2]
Credit Discount on Bond payable $28,493
Credit Cash $2,300,000
($46,000,000×10%/2)
3. Total interest expense for Year 1=$42,309,236×11%/2
Total interest expense for Year 1=$2,327,008
4. Yes, because investor will not pay the face amount of the bonds in a situation were the interest payment received from the bonds is lower than the interest they could have receive if they invested in other bonds.
5. Proceeds of bonds issue
Present value of $1 at 5.5% semiannual rate 0.11746×Face amount of bonds $46,000,000=$5,403,160
Present value of annuity of $1 at 5.5% semiannual rate 16.04612×Semiannual interest payament $2,300,000=$36,906,076
Proceeds of bonds issue $42,309,236
($5,403,160+$36,906,076)
Inconclusion the entry to record the amount of cash proceeds onJuly1 is:Debit Cash $42,309,236;Debit Discount on Bond payable $3,690,764;Credit Bonds payable $46,000,000.
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For management, the major downside of telecommuting is ________. decreased productivity less direct supervision of employees difficulty in scheduling work increased turnover reduced morale
A disadvantage of telecommuting for management is related to less direct supervision of employees.
What is telecommuting?It corresponds to carrying out work tasks outside the traditional office, using telecommunications tools such as a computer and cell phone to establish communication with the team.
Despite the advantages of generating greater motivation and autonomy for employees, telecommuting can be challenging for the control and supervision of activities.
Therefore, the ideal is that there are strategic measures to ensure that activities are carried out in accordance with expectations, creating work goals to increase quality and productivity.
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