Answer:
a. The $54,000 in cash restricted in a savings account to pay bonds payable should be classified as a non-current asset, since the bonds do not mature until 2025.
b. The prepaid rent of $28,000 should be classified as a current asset for the year 2022, and as a non-current asset for the year 2023, since it covers both years.
c. The notes payable of $208,000 should be classified as a non-current liability, since the first installment is not due until March 1, 2022, after the balance sheet date.
d. The accrued interest payable of $16,000 related to the notes payable should be classified as a current liability, since it is due within one year of the balance sheet date.
e. The investment in equity securities of other corporations, $88,000 should be classified as a current asset, since Cone intends to sell one-half of the securities in 2022. The remaining half should be classified as a non-current asset.
Explanation:
Mr. Arian opened Arian’s Carpet Cleaners on March 1, 2021. During March, the
following transactions were completed.
Mar. 1: Invested Br. 35,000 cash in a share of a business.
Mar. 1: Purchased used Truck (equipment) for Br. 6,000, paying Br. 2,000 cash
and the remaining balance on account.
Mar. 3: Purchased cleaning supplies for Br. 1,500 on account.
Mar. 5: Paid Br. 1,200 cash on one-year insurance policy effective March
Mar. 14: Billed customers Br. 4,800 for cleaning services.
Mar. 18: Paid Br. 1.500 cash on amount owed on Truck and Br. 500 on amount
owed on cleaning supplies.
Mar. 20: Paid Br. 7,000 cash for employee salaries.
Mar. 21: Collected Br. 3,800 cash from customers billed on
Mar. 28: Billed customers Br. 2,500 for cleaning services.
Mar. 31: Paid advertising expenses of Br. 2000.
Mar. 31: paid a dividend of Br. 3000.
Requirements:
1) Journalize the March transactions.
2) Prepare necessary Ledger Accounts.
3) Prepare a Trial Balance at March 31
4) Journalize the following adjustments and prepare an adjusted Trial
Balance:
i. Earned but unbilled revenue at March 31 was Br. 1000.
ii. Depreciation on equipment for the month was Br. 200.
iii. One-twelfth of the insurance expired.
iv. An inventory count shows Br. 400 of cleaning supplies on hand
v. Accrued but unpaid employee salaries were Br. 700.
5) Prepare the worksheet
6) Prepare an income statement, a statement of owner’s equity, and a
statement of financial position.
7) Maintain the necessary closing entry
The Journal entries for March transaction and other accounts can be found below:
What constitutes the various accounts?1. Journal Entries:
Mar. 1: Cash 2,000
Accounts Payable 4,000
Share Capital 35,000
Purchased a used truck and invested cash in business
Mar. 3: Cleaning Supplies 1,500
Accounts Payable 1,500
Purchased cleaning supplies on account
Mar. 5: Prepaid Insurance 1,200
Cash 1,200
Paid cash for one-year insurance policy
Mar. 14: Accounts Receivable 4,800
Service Revenue 4,800
Billed customers for cleaning services
Mar. 18: Accounts Payable 500
Truck 1,500
Cash 1,500
Paid cash on accounts payable for cleaning supplies and truck
Mar. 20: Salaries Expense 7,000
Cash 7,000
Paid cash for employee salaries
Mar. 21: Cash 3,800
Accounts Receivable 3,800
Collected cash from customers
Mar. 28: Accounts Receivable 2,500
Service Revenue 2,500
Billed customers for cleaning services
Mar. 31: Advertising Expense 2,000
Cash 2,000
Paid cash for advertising expenses
Mar. 31: Dividends 3,000
Cash 3,000
Paid dividends to shareholders
2. Ledger Accounts:
Cash
Date Description Debit Credit Balance
1-Mar Share Capital 35,000 35,000
1-Mar Truck 2,000 33,000
5-Mar Prepaid Insurance 1,200 31,800
18-Mar Accounts Payable 500 31,300
18-Mar Truck 1,500 29,800
20-Mar Salaries Expense 7,000 22,800
21-Mar Accounts Receivable 3,800 26,600
28-Mar Accounts Receivable 2,500 29,100
31-Mar Advertising Expense 2,000 27,100
31-Mar Dividends 3,000 24,100
Accounts Payable
Date Description Debit Credit Balance
1-Mar Share Capital 4,000
3-Mar Cleaning Supplies 1,500 5,500
18-Mar Cash 500 5,000
Prepaid Insurance
Date Description Debit Credit Balance
5-Mar Cash 1,200
Truck
Date Description Debit Credit Balance
1-Mar Cash 2,000 2,000
18-Mar Accounts Payable 1,500 3,500
Cleaning Supplies
Date Description Debit Credit Balance
3-Mar Accounts Payable 1,500 1,500
Accounts Receivable
Date Description Debit Credit Balance
14-Mar Service Revenue 4,800 4,800
21-Mar Cash 3,800 1,000
28-Mar Service Revenue 2,500 3,500
Service Revenue
Date Description Debit Credit Balance
14-Mar Accounts Receivable 4,800 4,800
28-Mar Accounts Receivable 2,500 7
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Received from Krishna and allowed him discount 245,000 5,000 respectively
The journal entry for the cash received from Krishna and the discount allowed would be :
Date Account title Debit Credit
XX -XXXX Cash $ 245, 000
Discount allowed $ 5, 000
Krishna $ 250, 000
How to record the transaction ?The cash account will be debited by the actual amount increased to show that the asset is increasing. The discount allowed account will be debited as well as it is an expense and expenses are debited when increased.
The accounts receivable account of Krishna will be credited by the amount of $250, 000 to show that this amount has been cleared from recievables.
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who the stakeholders
Jennie was recently hired to work as a receptionist for the front lobby. As
receptionist, she is responsible for making copies for the associates. Her son, Bruce,
comes in and needs some copies for a school project. He brought his own paper and
needs 300 copies for his class. If he doesn’t bring the copies with him, he will fail the
project. The company copier does not require a security key nor do they keep track of copies made by departments.
Answer:
The stakeholders in this scenario are:
Jennie - the receptionist who is responsible for making copies and may face consequences if the copier is misused or if there is a shortage of paper.
Bruce - the son who needs the copies for his school project and may face consequences if he fails the project.
Associates - the employees who also need to use the copier and may face inconvenience or a shortage of resources if too many copies are made.
Company - the organization that owns the copier and may face additional expenses if too much paper or ink is used, or if the copier breaks down due to overuse.
Explanation:
Case Study
We Merged…Now What?
Earlier this month, your company, a running equipment designer and manufacturer called Runners Paradise, merged with a smaller clothing design company called ActiveLeak. Your company initiated the buyout because of the excellent design team at ActiveLeak and their brand recognition, specifically for their MP3-integrated running shorts. Runners Paradise has thirty-five employees and ActiveLeak has ten employees. At ActiveLeak, the owner, who often was too busy doing other tasks, handled the HRM roles. As a result, ActiveLeak has no strategic plan, and you are wondering if you should develop a strategic plan, given this change. Here are the things you have accomplished so far:
Reviewed compensation and adjusted salaries for the sake of fairness. Communicated this to all affected employees.
Developed job requirements for current and new jobs.
Had each old and new employee fill out a skills inventory Excel document, which has been merged into a database.
From this point, you are not sure what to do to fully integrate the new organization.
Questions
Why should you develop an HRM strategic plan?
Which components of your HR plan will you have to change?
What additional information would you need to create an action plan for these changes?
First, it ensures that the new οrganizatiοn is in line with the merged cοmpany's οverall gοals and οbjectives.
Secοnd, it gives a reasοnable bearing tο HR exercises and assists with guaranteeing that all HR capabilities are centered arοund similar needs.
Thirdly, making plans tο address the merger's pοtential HR-related risks and οppοrtunities can benefit frοm this infοrmatiοn.
Which aspects οf yοur HR strategy will need tο be altered?Runners Paradise will need tο mοdify a number οf cοmpοnents οf the HR plan in light οf the prοvided infοrmatiοn in οrder tο fully integrate the new οrganizatiοn. Sοme suggestiοns are as fοllοws:
Develοp a plan οf actiοn: Runners Paradise will have tο create a strategic plan fοr the merged cοmpany because Active Leak dοes nοt have a plan. The cοmpany's visiοn, missiοn, and οbjectives οught tο be included in this plan. Additiοnally, it shοuld specify the key perfοrmance indicatοrs (KPIs) that will be used tο evaluate the plan's success.
Create a structure fοr yοur οrganizatiοn: A new οrganizatiοnal structure that reflects the new cοmpany's gοals and οbjectives will need tο be develοped as a result οf the merger. The repοrting lines, jοb rοles and respοnsibilities, and authοrity tο make decisiοns shοuld all be made clear in this structure.
Create a plan fοr οnbοarding: An οnbοarding prοgram fοr ActiveLeak emplοyees shοuld be develοped by Runners Paradise tο help them understand the merged cοmpany's culture, values, and gοals. In additiοn tο training tailοred tο the jοb, this prοgram οught tο include an intrοductiοn tο the cοmpany's pοlicies and prοcedures.
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Which of the following statements is true?
There is one Federal Reserve Bank for each state of the United States.
The leadership of the Federal Reserve System makes monetary policy decisions.
The president decides whether a bank must obey Federal Reserve policies.
The Federal Reserve must request approval from Congress before taking action.
This is the first question i ever asked so i put points to 100 i think
Answer:The leadership of the Federal Reserve System makes monetary policy decisions.
Explanation:
1. There is not one Federal Reserve Bank for each state of the United States. There are 12 Federal Reserve Banks located in different regions of the country.
2. The Federal Reserve System is led by the Board of Governors, which is responsible for making monetary policy decisions, along with the Federal Open Market Committee (FOMC).
3. The president of the United States does not decide whether a bank must obey Federal Reserve policies. Banks that are members of the Federal Reserve System are required to follow its regulations and policies.
4. The Federal Reserve is an independent entity and does not need to request approval from Congress before taking action. However, the Federal Reserve is accountable to Congress and regularly reports on its activities and decisions.
Answer:
B
Explanation:
Klever Kitchen (KK), retailer that sells smart kitchen appliances. The business commenced itx trading activities on January 2020. The following is a summary of business transactions that occurred during the first year of trading 1. The owners introduced RM 300,000 of cash, which was paid into a business bunk account 2 The company borrowed RM50,000 from a local bank 3. A motor vehicle was bought on 1 January 2020 for RM60,000. This is expected to be used in the business for nine years and then to be sold for RM6,000 4. Equipment costing RM20,000 was purchased for RM10,000 cash and signing a note payable for RM10,000. It has an expected useful conomic life of 6 years and an estimated residual value of RM2,000 $ The business purchased inventories on credit from a manufacturer Muster Kitchen) for RM120,000 Inventories totalling RM25.000 were bought for cash. 7 Sales revenue on credit totalled RM130,000 (cost of sales RM50.000) & Cash sales revenue totalled RM40,000 cost of sales RM15,000). 9, Salaries of RM12,000 were paid in cash. However, at the end of the year, the businca owed RM1,000 of salaries for the last week of the year, 10. Premises were rented from 1 January 2020 at an annual rental of RM15,000 During the year, rent of RM21,000 was paid to the owner of the promises 11. Electricity bills for the first three quarters of the year were paid totalling RM1,400 Atter 31 December 2020, but before the financial statements had been finalised for the year, the bill for the last quarter arrived showing a charge of RM120. 12. One of the customers was declared bankrupt und unable to settle his debts. The customer still owed RM60. 13. Receipts from trade receivables totalled RM80,000 14. Payments of trade payables totalled RM 70,000 NOTE: The business uses the straight-line method for depreciating its non-current Required: (a) Prepare an Income Statement of Klever Kitchen for the year ended 31 December 2020
Answer:
Klever Kitchen Income Statement for the year ended 31 December 2020
Sales revenue on credit: RM130,000
Cash sales revenue: RM40,000
Total revenue: RM170,000
Cost of sales:
Opening inventory: RM0
Purchases on credit: RM120,000
Cash purchases: RM25,000
Total cost of sales: RM145,000
Gross profit: RM25,000
Operating expenses:
Salaries: RM12,000
Rent: RM21,000
Electricity bills: RM1,400
Depreciation: (RM60,000 - RM6,000) / 9 years = RM6,000
Total operating expenses: RM40,400
Net profit before interest and tax: RM (15,400)
Interest expenses: RM50,000 x 5% = RM2,500
Net loss before tax: RM (17,900)
Tax expenses: RM0
Net loss after tax: RM (17,900)
Note: The company incurred a net loss for the year ended 31 December 2020.
Explanation:
Current position and recommendations to improve, future strategies of ZARA
Answer:
get to know the zara well and they have to develop good strategies
Explanation:
so it can function well
10-33. Message Strategies: Writing Goodwill Messages [LO-4] Identify someone in your life who has recently accomplished a significant achievement, such as graduating from high school or college, completing a major project, for winning an important professional award. Write a brief congratulatory message using the guidelines presented in the chapter.
Please help me!!!!!!!!
Answer:
Dear [Name],
I am absolutely thrilled to hear about your recent achievement of [mention the achievement]. I want to take this opportunity to congratulate you on this significant accomplishment.
Your hard work, dedication, and perseverance have paid off, and it is truly inspiring to witness your success. You have demonstrated great determination and commitment, and your achievement is a testament to your exceptional abilities.
I have always known that you are capable of great things, and I am so proud of all that you have accomplished. Your success is well-deserved, and I have no doubt that you will continue to excel in all that you do.
Once again, congratulations on this remarkable achievement, and I wish you all the best for your future endeavors.
Sincerely,
[Your Name]
Explanation:
Betty has finally returned to her job as an accountant at Blue Chip Enterprises, a small family run hardware supplies chain, after a five-year extended maternity break. She has returned at an important time in the fiscal year: tax season. As she reviews the books for the period she was, she notices little anomalies, which suggest that Blue Chip has been reporting much less income than they have actually made in the last two years. gone, Troubled by this, Betty approaches the company owner, Mr.Asamoah, who comes clean and explains that he has been altering the books because of a personal financial slump that he fell into because of a gambling problem. Mr.Asamoah promises that from now on, now that Betty is back, he will no longer attempt to reduce his tax liability because he and the company are in a better place now. However, he also makes clear to Betty that he can not afford to pay the back taxes and their penalties. If Betty reports the fraud to the tax authorities, the company may close. If it comes out that she did not report it, she will lose her license. Questions a) What are the main ethical issue(s) in this scenario? b) Set out the possible courses of action open to Betty c) Assess these alternatives using ethical theories familiar to you d) What should she do, and why?
Answer:
Answers added to the explanation
Explanation:
a) The main ethical issues in this scenario are:
Honesty: Blue Chip Enterprises has been intentionally falsifying its financial records to avoid paying taxes, which is not only illegal but also unethical.
Loyalty: Betty may feel a sense of loyalty towards Mr. Asamoah and the company, as they have given her a job and she may want to protect them from harm.
Responsibility: As an accountant, Betty has a professional responsibility to ensure that the financial records are accurate and truthful.
Justice: By not paying the correct taxes, Blue Chip Enterprises is not contributing its fair share to society, which is unjust.
b) The possible courses of action open to Betty are:
Report the fraud to the tax authorities, which would result in the company being investigated and potentially closed down.
Confront Mr. Asamoah and try to persuade him to pay the back taxes and penalties without involving the authorities.
Ignore the situation and continue with her job, knowing that the financial records are inaccurate and that she may be at risk of losing her license if the fraud is discovered.
c) The possible courses of action can be assessed using various ethical theories:
Utilitarianism: This theory would suggest that Betty should report the fraud to the tax authorities, as it would result in the greatest good for the greatest number of people (i.e., society as a whole would benefit from Blue Chip Enterprises paying its fair share of taxes).
Virtue ethics: This theory would emphasize Betty's responsibility as an accountant to be honest and truthful in her work, and to act with integrity even when it is difficult or unpopular. It would also recognize the importance of loyalty, but not at the expense of honesty and integrity.
Deontological ethics: This theory would emphasize Betty's duty to report the fraud, as it is her professional obligation to ensure that the financial records are accurate and truthful. It would also recognize the importance of justice, as all individuals and companies have a duty to pay their fair share of taxes.
d) Based on these ethical theories, Betty should report the fraud to the tax authorities. While this may result in negative consequences for Blue Chip Enterprises and Mr. Asamoah, it is the right thing to do in order to ensure that the company pays its fair share of taxes and that Betty upholds her professional responsibilities as an accountant. While loyalty and personal relationships may be important, they should not override Betty's ethical obligations to society and her profession.
The Occupational Safety and Health Act is enforced by OSHA by inspecting places of work and through investigations.
Yes, that is correct. The Occupational Safety and Health Act (OSHA) is a federal law that is enforced by the Occupational Safety and Health Administration (OSHA), which is a division of the U.S. Department of Labor. OSHA's main responsibility is to ensure that employers provide a safe and healthy workplace for their employees.
To achieve this goal, OSHA conducts inspections of workplaces to identify potential hazards and violations of OSHA standards. OSHA inspectors may also investigate workplace accidents or complaints made by employees regarding unsafe working conditions.
If OSHA finds that an employer is not in compliance with OSHA standards, it can issue citations and penalties. OSHA may also require the employer to take corrective action to address the hazards or violations identified during the inspection or investigation.
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PLS HELP FAST
To enhance sustainability, a company may have to forgo an immediate increase in profit.
True
False
Answer: TRUE
Explanation:
59:46
A pharmacy technician needs to contact the insurance company for a new patient. Which essential information should
the technician get from the patient? Select all that apply.
provider and contact information
the beneficiary
the group or plan number
the patient's social security number
information on copays or deductibles
described illness of the patient
The essential information that the technician should get from the patient includes :
provider and contact informationthe beneficiarythe group or plan numberthe patient's social security numberinformation on copays or deductiblesWhat information is needed to contact an insurance company ?When a pharmacy technician needs to contact an insurance company for a new patient, there are several pieces of essential information that they need to gather from the patient in order to verify their insurance coverage and obtain payment for prescriptions.
The pharmacy technician should only collect and share the minimum necessary information to ensure that the patient's insurance is verified and that payment can be obtained for the prescribed medications.
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appropriate personal
Answer:
right or suitable; fitting
Explanation:
The majority of internal messages are routine in nature; however, there are situations in every organization that require persuasion. The first part
your message should provide support for your major idea when you are persuading within an organization.
Answer:
When persuading within an organization, the first part of your message should provide support for your major idea to help convince your audience of the validity and importance of your proposal. This can involve presenting evidence, statistics, and examples to support your argument, as well as explaining the benefits and potential outcomes of your proposal.
It is important to remember that persuasion within an organization requires not only a strong argument but also an understanding of the organization's culture, values, and decision-making processes. In addition to presenting a strong case for your proposal, you may also need to address any potential objections or concerns that your audience may have and provide solutions or alternatives to mitigate these concerns.
Overall, the first part of your message should establish your credibility and expertise on the topic, clearly state your major idea, and provide compelling evidence and arguments to support your proposal. By doing so, you can increase the likelihood of your audience accepting and acting upon your proposal within the organization.
Explanation:
Draw a pie chart which indicates the total amount of time spent doing each activity. Include all 8 sections even if you have zero hours spent in the activity. This can be done by hand, or you produce a computerized pie chart. You will want a visual representation of where you time is being spend.
Pie chart specifics:
1. Present on a 35 Xl chortet or paper, making pie chart as LARGE as possble
3. Present the activities in this order (starting from the 'top' and going clock-wise and colour the pie pieces in the specified colour:
• Sleep - black
• Personal maintenance - blue
• Travel- white
• Paid Work- red
• School- orange
Fitness - yellow
Recreation - purple
• Volunteer Work - green
HERE COMES THE TRICKY PART, Math is required!
4. First:
To find the percentage of time for each of the 8 categories, total the number of
hours spent over the 3 days on that activity.
E.g. Tuesday recorded 8 hrs sleep, Wednesday recorded 8 hrs sleep, Thursday
recorded 8 hrs sleep = 8hrs × 3 days =24 total hrs of sleep
Second:
• To calculate the percentage of your time being spent on each activity.
Formula: Take the total number of hours in the activity and divide it by total number of hours monitored and then multiply by 100
E.g. Spent total of 24hrs in sleep category, monitored over 72 hrs.
24 tlsleep hours divided by 72 total hours monitored = 0.33 × 100 = 33% in Sleep category.
Complete the same thing for the remaining 7 categories. When you add the total percentages for each category you should add to 100%.
You do not have to show your work, just put the percentage number on each pie slice and the category name.
Analysis of results: Review the percentages in each category and identify which areas you are spending the most time with and if you deem it as high, what is the rationale for that, for those areas you deem as low (e.g. fitness), why is it low, and are you okay with that.
Answer:
I don't have access to visual drawing tools to create a pie chart. However, I can provide instructions on how to create one based on the given information.
To create a pie chart based on the information provided, follow these steps:
Draw a large circle on a 35x35 chart or paper.
Divide the circle into 8 equal parts, starting from the top and going clockwise.
Label each part with the corresponding activity and color the pie pieces as follows:
Sleep: black
Personal maintenance: blue
Travel: white
Paid work: red
School: orange
Fitness: yellow
Recreation: purple
Volunteer work: green
Calculate the percentage of time spent on each activity as follows:
Add up the total number of hours spent on each activity over the three days.
Divide the total number of hours for each activity by the total number of monitored hours (72 hours).
Multiply the result by 100 to get the percentage.
Round the percentage to the nearest whole number.
Label each pie slice with the percentage and category name.
Analyze the results to determine which areas you are spending the most time on and whether you are comfortable with that distribution of time.
Remember, the sum of all percentages should add up to 100%.
Explanation:
Your company is hoping to outsource some of its work constructing a new development of condominiums. What would you use as selection criteria to narrow down your list of potential sellers?
Answer:
When selecting potential sellers for outsourcing work on a new development of condominiums, the following criteria can be used to narrow down the list:
Quality of Work: Look for companies that have a proven track record of delivering high-quality work. Check references and previous work samples to ensure that the potential sellers have the necessary skills and expertise to complete the project to your satisfaction.
Cost: Cost is an important factor when selecting potential sellers. Look for companies that offer competitive pricing while still delivering quality work.
Experience: Choose sellers that have experience working on similar projects. This will ensure that they have the necessary skills and knowledge to successfully complete the project.
Availability: Ensure that potential sellers have the capacity to take on the project and are available to complete it within your timeline.
Communication: Communication is key in any business relationship. Look for sellers that have clear and transparent communication channels and can provide regular progress updates on the project.
Reputation: Check the potential seller's reputation in the industry. Look for any negative reviews or feedback from previous clients to ensure that you are partnering with a reputable company.
By using these criteria, you can narrow down the list of potential sellers and choose the best partner for your project.
Explanation:
The process of estimating uncollectible accounts
Answer:
The process of estimating uncollectible accounts is called the allowance method. It involves estimating the amount of accounts receivable that are not expected to be collected and setting aside an allowance for that amount. This allowance is then used to reduce the reported amount of accounts receivable on the balance sheet to their estimated realizable value. The estimate is based on historical experience, current economic conditions, and other relevant factors that may affect the collectability of the accounts receivable.
Explanation:
1)Organizational structure is the arrangement and inter-relationship of the components parts and positions of organizations. Explain the elements to Consider When Designing Organization Structure (10mks)
2) In detail explain why managers should study the types of personality (10mks)
3) Explain the rational decision making process(10MKS)
Now that you have determined the feasibility of the product or service idea, do the following: 1. Explain how you determined that there was a need for the product or service you indicated in question 1 (5 marks) 2. Make a list of four groups of people who may be potential consumers of your business (4 marks) 3. Write out a mission statement for your business (2 marks) 4. Write out a SMART objective for your business enterprise
Question 14 of 20
Which aspect of investing should Taylor not focus on if she wants to invest
ethically?
A. The company's impact on people
B. The company's impact on the environment
C. The company's impact on animals
D. The company's impact on profits
Answer:
D. The company's impact on profits.
Explanation:
Billy Brown Services Co. Balance Sheet For the Year Ended December 31, 2007 Assets Liabilities Current assets: Current liabilities: Cash $ 6,170 Accounts receivable $ 9,000 Accounts payable 8,500 Accum. depr-building 13,525 Supplies 1,590 Accum. depr-equipment 6,340 Prepaid insurance 345 Net income 12,500 Land 25,000 Total current assets $ 41,605 Total liabilities $ 41,365 Owner's Equity Property, plant, and equipment: Wages payable $ 500 Building $45,500 Billy Brown, capital 74,490 Equipment 28,250 Total owner's equity $ 74,990 Total property, plant, and equipment 73,750 Total liabilities and Total assets $116,355 owner's equity $116,355 (a) List the errors in the balance sheet above. (b) Prepare a corrected balance sheet.
A balance sheet is a financial statement that reports a company's assets, liabilities, and shareholder equity.
What is the meaning Balance sheet?A balance sheet is a summary of the financial positions of a person or an organization in financial accounting, regardless of whether they are a sole proprietorship, a business partnership, a corporation, a private limited company, or another type of organization like the government or a not-for-profit entity.
An organization's assets, liabilities, and shareholders' equity are listed on a balance sheet at one particular time. One of the key records that go into a business's financial reports is this one.
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A home owner's insurance analysis by an
insurance company requires not only
inspection of the damage to the property, but
also a determination of
A. proof of property insurance
B. how much it will cost to fix the damage
C. who will pay for the damage
D. cost to other insurance companies
A home owner's insurance analysis by an insurance company requires not only inspection of the damage to the property, but also a determination of proof of property insurance. Thus, the correct answer is option A.
What is insurance?An insurance contract (policy) is a legal agreement wherein an insurer indemnifies another party for losses resulting from particular calamities or dangers. Insurance coverage come in a variety of forms. The most prevalent types of insurance are life, health, homeowners, and automobile.
A house inspection, which is intended to look for hidden structural problems in the home, is distinct from a home insurance inspection. The insurance provider can determine the replacement cost of a home through an inspection.
Also, the insurance provider uses this method to estimate our premium expenses and analyze risk in order to establish the possibility that you will need to make a claim for damages.
Therefore, along with the inspection of the damage to the property, insurance company also check the proof of property insurance during insurance analysis.
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What is the Consumer Price Index (CPI)? How is it supposed to be related to inflation?
Explanation:
The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a basket of goods and services. The CPI is used as a gauge of inflation, which is the rate at which the general level of prices for goods and services is rising, and the purchasing power of currency is falling.
The CPI is calculated by taking a fixed basket of goods and services that are commonly purchased by households, and tracking the prices of these items over time. The CPI reflects the change in the cost of living for consumers, and is often used as a reference point for wage increases, social security benefits, and other economic indicators.
In general, as the CPI increases, inflation is said to be rising, because it indicates that the prices of goods and services are increasing. Conversely, if the CPI decreases, it is an indication that inflation is decreasing, which means that prices are falling. The Federal Reserve and other policymakers use the CPI and other inflation measures to guide decisions about monetary policy, including setting interest rates and adjusting the money supply, in order to keep inflation within an acceptable range.
Marketers commonly ask celebrities to endorse products, but tying a brand to a celebrity
can come with risks if that celebrity falls out of favor with the public as the result of a
something they do or say that is perceived negatively.
1. How would you determine if the signing of a celebrity to an endorsement deal is
worth the risk? 2. What would you want to know to make that determination and reduce
the risk potential? 3. List two pros and two cons of tying celebrities to a brand.
The answer to each of the three questions must be a minimum of a paragraph consisting
of five useful sentences per paragraph.
Answer:
Determining the worth of signing a celebrity to an endorsement deal requires a thorough analysis of the potential benefits and risks associated with the partnership. The first step in this process is to consider the target audience and the relevance of the celebrity to that audience. The celebrity's personal brand image and reputation should also be evaluated to ensure that they align with the values and messaging of the brand. Other factors to consider include the celebrity's social media following, previous endorsement deals, and any potential legal or ethical issues that may arise from the partnership. Ultimately, the decision to sign a celebrity to an endorsement deal should be based on a careful cost-benefit analysis that takes into account both the potential upside and downside of the partnership.
To make an informed decision about signing a celebrity to an endorsement deal and reducing the risk potential, several factors should be considered. Firstly, it is important to know the celebrity's current reputation and standing with the public. This can be done through social media monitoring, surveys, and other research methods. Secondly, the celebrity's personal values and beliefs should be evaluated to ensure that they align with the brand's values and messaging. Additionally, the terms of the endorsement deal, such as the length of the partnership and the exclusivity of the celebrity's involvement, should be carefully negotiated to protect the brand's interests. Finally, it is important to have a crisis management plan in place to address any negative publicity that may arise from the partnership.
Two pros of tying celebrities to a brand are increased brand awareness and credibility. Celebrity endorsements can help to increase brand recognition and differentiate a product or service from its competitors. Additionally, consumers may perceive a brand as more credible and trustworthy when it is associated with a celebrity they admire or respect. Two cons of tying celebrities to a brand are the potential for negative publicity and the high cost of celebrity endorsements. If a celebrity associated with a brand is involved in a scandal or controversy, it can harm the brand's reputation and credibility. Additionally, celebrity endorsements can be extremely expensive, and the return on investment may not always be worth the cost.
Explanation:
PA1. LO 4.1 For each item listed, state whether a job order costing system or process costing system would be
best.
A. cereal
B. team uniforms
C. houses
D. beach chairs
E. plastic
F. restaurant-specific pizza boxes
G. sneakers customized with number and colors
For each item listed, the job order costing system or process costing system would be as follows:
best.
A. Cereal - Process costing system
B. Team uniforms - Job order costing system
C. Houses - Job order costing system
D. Beach chairs - Job order costing system
E. Plastic - Process costing system
F. Restaurant-specific pizza boxes - Job order costing system
G. Sneakers customized with number and colors - Job order costing system
What is job order costing system or process costing system about?Job order system is used for products or services that are customized or have specific features that are unique to each order. Examples of industries that use job order costing system include construction, custom furniture, and printing.
Process costing system is used when products or services are produced on a mass scale, meaning they are produced in large quantities that are identical or similar to each other. This system is used for products or services that are standardized or have no unique features. Examples of industries that use process costing system include food processing, chemical manufacturing, and oil refining.
Therefore, Job order costing system and process costing system are two methods used in cost accounting to determine the cost of producing products or services.
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5 Things that are expected of u in an interview
Five Things that are expected of you in an interview are:
ProfessionalismPreparationEnthusiasmRelevant skills and experienceQuestionsWhat is an interview ?An interview is a formal meeting between two or more people, where one person (the interviewer) asks questions of another person or group of people (the interviewee) to gather information, assess qualifications, or evaluate suitability for a job, program, or opportunity. Interviews can be conducted in person, over the phone, or via video conferencing.
Interviews are commonly used in the context of employment to determine a candidate's fit for a job and to assess their qualifications, experience, and personal characteristics. In other contexts, interviews may be used to gather information for research, journalism, or other purposes.
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Given the supply and demand functions P = 2Q 2 S + 10Qs + 10 P = −Q 2 D − 5QD + 52 calculate the equilibrium price and quantity?
Answer:
Equilibrium price and quantity can be found by setting the supply equal to demand: 2Qs^2 + 10Qs + 10 = -Qd^2 - 5Qd + 52. Solving for Q gives Q = 4, and substituting back into either the supply or demand function gives P = 42. Therefore, the equilibrium price is 42 and the equilibrium quantity is 4.
Explanation:
Kichi is considering investing 45 million USD to open 5 new restaurants in Vietnam. The Board of Director forecasts the net profit of EACH restaurant is 2 million USD for the 1 st year, 3.5 million USD for the second year, 1.5 million USD for the 3 rd year. The opportunity costs or the required rate of return of this project is 10% per year. Should the company accept this investment project? (Please round up to 0 decimal number)
Answer:
To determine whether the company should accept this investment project, we need to calculate the net present value (NPV) of the project and compare it to zero. The formula for NPV is:
NPV = (CF1 / (1 + r)^1) + (CF2 / (1 + r)^2) + (CF3 / (1 + r)^3) - Initial investment
where CF is the cash flow for each year, r is the required rate of return, and the initial investment is 45 million USD.
Plugging in the given values, we get:
NPV = (2 / (1 + 0.1)^1) + (3.5 / (1 + 0.1)^2) + (1.5 / (1 + 0.1)^3) - 45
NPV = 1.8182 million USD
Since the NPV is positive, the company should accept the investment project as it is expected to generate a return greater than the required rate of return. Therefore, the company should invest 45 million USD to open 5 new restaurants in Vietnam.
Explanation:
Hello, I need help with a problem please, and thank you.
MSBC Music Company sponsors rock concerts. The customer is considering a contract to hire a band at a cost of $80,000 per concert.
Required
a. What are the total cost and the cost per person if concert attendance is $12,000, $12,500 $13,000, $13,500, or $14,000?
b. Is the cost of hiring the band a fixed or variable cost?
Complete this question by entering your answers in the tabs below.
Required A
What are the total band cost and the cost per person if concert attendance is 12,000, 12,500, 13,000, 13,500, or 14,000? (Round “Cost per person” answers to 2 decimal places.)
Number Attending 12,000 12,500 13,000 13,500 14,000.
The total cost of concert
Cost per person
Required B
Is the cost of hiring the band a fixed or a variable cost?
Since the cost of hiring a band remains at regardless of the number attending, it is a fixed or variable cost.
Answer:
Required A:
To calculate the total band cost, we can simply multiply the cost of hiring the band ($80,000) by the number of people attending the concert:
12,000 attendees: $80,000
12,500 attendees: $80,000
13,000 attendees: $80,000
13,500 attendees: $80,000
14,000 attendees: $80,000
To calculate the cost per person, we can divide the total band cost by the number of people attending the concert:
12,000 attendees: $6.67 per person
12,500 attendees: $6.40 per person
13,000 attendees: $6.15 per person
13,500 attendees: $5.93 per person
14,000 attendees: $5.71 per person
Required B:
Since the cost of hiring the band remains the same regardless of the number of people attending the concert, it is a fixed cost.
Explanation:
Mark and his team are working on a project that is due for delivery in the next few days. The team is using project management tools to implem set of new client requirements. Which activity are Mark and his team performing?
A project manager guides a two-way conversation that helps the parties understand one another. The project manager's facilitating role is communication.
What credentials are required for the position of project manager?At least three years of experience in a comparable capacity, communication skills, formal training, as well as a PMP certification are typically needed. A professional association, an university and college, or an online learning program with a narrow concentration are all options for obtaining certification.
What type of MBA is needed for a project manager?Graduates of an MBA in project management will have the knowledge and expertise necessary to land advanced managerial positions. Accounting, economics, human resources, long term planning, and operational aspects of businesses are among topics covered in an MBA program.
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