Rugen Inc., a hospitality chain, hired a large number of military veterans in the hope that it would help put the business in a different league altogether compared to its competitors. However, the company soon experienced a backlash and drew flak in the hospitality industry, as it could not efficiently manage and retain these employees. Most of the veterans who joined the organization complained that management did not treat them the way they had expected to be treated. Which of the following things could Rugen Inc. have done differently to avoid these repercussions?

a. It should have followed the standard recruiting procedures to hire these employees to avoid bias.
b. It should have tried to mimic reward and recognition programs that are conducted in the military to acknowledge the employees' contributions.
c. It should have let these members take control over most of its departments, especially security.
d. It should not have mixed these employees with regular employees, as veterans come from a completely different background.

Answers

Answer 1

Answer:

b. It should have tried to mimic reward and recognition programs that are conducted in the military to acknowledge the employees' contributions.

Explanation:

In the case described above, Rugen Inc. could have tried to mimic reward and recognition programs that are conducted in the military to acknowledge the employees' contributions.


Related Questions

The smallest amount you must pay each month on a loan is called the A. annual percentage rate B. annual fee C. minimum finance charge D. minimum monthly payment SUBMIT​

Answers

Answer:  D. minimum monthly payment

Explanation:

The minimum monthly payment is the lowest that a person should pay per month on a loan, particularly that of a credit card, if they do not want to be ruled as being in default.

The advantage of this is that the person will still be in good standing with the creditor meaning that they have not defaulted (really bad for credit score). Disadvantage is that the loan interest will be higher as it is based on a larger balance than had the person paid more.

Limited Liability Companies (LLCs) are gaining in popularity over sub-chapter S corporations because:_____.
A. LLCs offer better liability protection to their members.
B. Sub-chapter S corporations are being phased out by the government which is promoting.
C. LLCs as they requires less paperwork on the part of the IRS.
D. Sub-chapter S corporations are being taxed at a higher rate by the IRS.
E. They are simpler when it comes to paperwork, offer some of the same tax advantages and also protect members from unlimited financial exposure.

Answers

Answer:

E. They are simpler when it comes to paperwork, offer some of the same tax advantages and also protect members from unlimited financial exposure

Explanation:

Limited liability companies are set up to protect the owners from liability. The business is a seperate entity from the individual owners and their assets are not used to settle debts of the business.

This type of business is gaining more use than S corporation. S corporation in addition to having liability advantages also requires more rigid requirements to set up. They do not pay corporate tax, but rather are taxed as sole proprietorship or a partnership.

Because of the ease of setting up an LLC more people prefer it to an S corporation. It also protects owners from unlimited financial liability

Cheyenne Corp. incurred the following costs while manufacturing its product.

Materials used in product $129,100 Advertising expense $53,200
Depreciation on plant 64,600 Property taxes on plant 16,000
Property taxes on store 8,160 Delivery expense 24,300
Labor costs of assembly-line workers 111,300 Sales commissions 40,100
Factory supplies used 28,700 Salaries paid to sales clerks 57,100

Work in process inventory was $14,500 at January 1 and $16,800 at December 31. Finished goods inventory was $69,500 at January 1 and $46,000 at December 31.Compute cost of goods manufactured.

Answers

Answer:

$347,400

Explanation:

Cost of goods manufactured = Material used in product + Labor costs of assembly line workers + Factory overheads (ie Depreciation on plant+ Property taxes on plant + Factory supplies used) + Opening WIP - Closing WIP

Cost of goods manufactured = $129,100 + $111,300 + $64,600 + $16,000 + $28,700 + $14,500 - $16,800

Cost of goods manufactured = $347,400

Would you prefer to buy an existing business or start from scratch? Why?

Answers

Answer:

I would start from scratch Because It helps u feel accomplished about your work

The deans' suite hoped to cut costs and decided to perform a total cost analysis on its vodka supplier. Consumption was currently 6,000 bottles per semester and this was predicted to maintain that level for the next few years. Their current source, Byron's, charged $9.50 per bottle and packed 288 bottles in a crate. The cost to ship the crate was $15. Another potential source of vodkas was Pancho's, who charged $9.00 per bottle but could ship only 100 bottles in a crate and at a higher price, $20. Assume that a partial crate may be purchased. What is the total annual cost to supply vodka from their current supplier

Answers

Answer:

$55,200

Explanation:

Consumption = 6000 bottles

Cost per bottle = $9

Consumption Cost = 6000*$9 = $54,000

No of crates = 6000/100 = 60 crates

Cost pet crate = $20

Crate cost = $1,200

Total annual cost = Consumption Cost + Crate cost

Total annual cost = $54,000 + $1,200

Total annual cost = $55,200

So, the total annual cost to supply vodka from their current supplier is $55,200

The  total annual cost to supply vodka from their current supplier is $55,200.

Total annual cost

Consumption Cost:

Consumption Cost = 6000×$9

Consumption Cost = $54,000

Number  of crates:

Number  of crates = 6000/100

Number  of crates= 60 crates

Total annual cost:

Total annual cost=$54,000+(60×$20)

Total annual cost = $54,000 + $1,200

Total annual cost = $55,200

Inconclusion the  total annual cost to supply vodka from their current supplier is $55,200.

Learn more about total annual cost here:https://brainly.com/question/25799822

Below, you are provided with the value of the income elasticity of demand for a good. You will use this information to identify the percentage change in the quantity demanded for that good that arises from a particular percentage change in the average income of consumers. You will also identify whether the good is a normal good or an inferior good.

The income elasticity of demand captures the percent change in the__________ (quantity demanded, price) of a good or service that results from a percent change in the average income of consumers.

Answers

Answer:

quantity demanded

Explanation:

Discuss the purpose of strategic planning in a health care environment. Explain what factors affect future planning in an organization and what tools can be used for future planning

Answers

Answer: Strategic planning in health care organization is the outlining of steps to to to reach a specific goal within the health sector, it could be a challenge that needs to be solved or an improvement on already existing plans to make them better

Explanation:

Strategic planning in health care organization is the outlining of steps to to to reach a specific goal within the health sector, it could be a challenge that needs to be solved or an improvement on already existing plans to make them better

Factors that affect future planning in organization;

Poor planning; not having a proper plan can lead to failure most times. Sometimes, it's not just about planning but it's more importantly about having aims and objectives that would solve a problem, if it is not solving a problem then there would be failure.

Poor execution; this problem is most times caused by team members who have not grasped the full idea of what the plan is about, don't know how to go about it or are not enthusiastic about the plan.

Tools for planning;

SWOT Analysis

Porter's Five Forces

PESTLE Analysis

Visioning

VRIO Framework

Suppose the government imposes a tax on cheese. The deadweight loss from this tax will likely be greater in the a. eighth year after it is imposed than in the first year after it is imposed because demand and supply will be less elastic in the first year than in the eighth year. b. first year after it is imposed than in the eighth year after it is imposed because demand and supply will be less elastic in the first year than in the eighth year. c. first year after it is imposed than in the eighth year after it is imposed because demand and supply will be more elastic in the first year than in the eighth year.

Answers

Answer:

A

Explanation:

Deadweight loss of tax measures the decrease in demand as a result of an increase in tax

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

Price elasticity of supply measures the responsiveness of quantity supplied to changes in price of the good.

Demand is less elastic in the short run because there is no enough time for consumers to find suitable and cheaper substitutes. As time goes on, demand becomes more elastic because consumers would have had enough time to find cheaper substitutes

Supply is also less elastic in the short time and more elastic in the long run

Colby Corporation has provided the following information: Operating revenues from customers were $207,700. Operating expenses for the store were $119,000. Interest expense was $8,700. Gain from sale of plant and equipment was $3,700. Dividend payments to Colby's stockholders were $7,700. Income tax expense was $37,000. Prepaid rent expense was 4,100. How much was Colby's net income?

Answers

Answer:

$46,700

Explanation:

Operating revenue

$207,700

Less:

Operating expenses

($119,000)

Operating profit

$88,700

Less:

Interest expense

($8,700)

Income tax expense

($37,000)

Net income

$43,000

Add:

Gain from sale

$3,700

Total net income

$46,700

Therefore, Colby's net income is $46,700

Help Help!~ I will give brainliest to the first correct & honest answer!

Beekeeping has become a focus of Jacinta’s life. She understands that bees are fast disappearing and works hard to keep her hives healthy and productive. The Agriculture, Food, and Natural Resource pathway Jacinta works in is _____.

a). Agribusiness Systems

b). Food Products & Processing Systems

c). Animal Systems

d). Natural Resources Systems

Answers

Answer:

Explanation: B Food Products & Processing Systems

Answer:

I think it is Food products and Processing systems

A company issued 6-year, 8% bonds with a par value of $750,000. The market rate when the bonds were issued was 7.5%. The company received $757,500 cash for the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest period is:

Answers

Answer:

$28,406.25

Explanation:

Calculation for how much is the amount of interest expense for the first semiannual interest period Using the effective interest method

Interest expense=$757,500 x .075 x ½ year

Interest expense= $28,406.25

Therefore the amount of interest expense for the first semiannual interest period is $28,406.25

M. K. Gallant is president of Kranbrack Corporation, a company whose stock is traded on a national exchange. In a meeting with investment analysts at the beginning of the year, Gallant had predicted that the company’s earnings would grow by 20% this year. Unfortunately, sales have been less than expected for the year, and Gallant concluded within two weeks of the end of the fiscal year that it would be impossible to report an increase in earnings as large as predicted unless some drastic action was taken. Accordingly, Gallant has ordered that wherever possible, expenditures should be postponed to the new year—including canceling or postponing orders with suppliers, delaying planned maintenance and training, and cutting back on end-of-year advertising and travel. Additionally, Gallant ordered the company’s controller to carefully scrutinize all costs that are currently classified as period costs and reclassify as many as possible as product costs. The company is expected to have substantial inventories at the end of the year.

1. Why would reclassifying period costs as product costs increase this period’s reported earnings?

2. Do you believe Gallant’s actions are ethical? Why or why not?

Answers

I don’t know how sorry
It is correct
Explanation

Q#1. How would you describe the word “CAREER” Explain in 4 to 6 sentences.


PLZ HELP IĹL GIVE BRAINLIEST !

Answers

Answer:

A career is the job or profession that someone does for a long period of their life.

Explanation:

A vocation is the work or calling that somebody accomplishes for an extensive stretch of their life.

Iris, a calendar year cash basis taxpayer, owns and operates several TV rental outlets in Florida, and wants to expand to other states. During 2018, she spends $14,000 to investigate TV rental stores in South Carolina and $9,000 to investigate TV rental stores in Georgia. She acquires the South Carolina operations, but not the outlets in Georgia. As to these expenses, Iris should: Group of answer choices Expense $9,000 for 2018 and capitalize $14,000. Capitalize $23,000. Capitalize $14,000 and not deduct $9,000. None of the above. Expense $23,000 for 2018.

Answers

Answer:

e. Expense $23,000 for 2018.

Explanation:

In this given case, Iris owns and operate TV rentals outlets, the investigation expenses which are deductible for 2018 are:

= $14,000 + $9,000

= $23,000

$23,000 should be charged off as expense for 2018.

Based on Jacobs (1954). The Carter Caterer Company must have the following number of clean napkins available at the beginning of each of the next four days: day 1, 1500; day 2, 1200; day 3, 1800; day 4, 600. After being used, a napkin can be cleaned by one of two methods: fast service or slow service. Fast service costs 50 cents per napkin, and a napkin cleaned via fast service is available for use the day after it is last used. Slow service costs 30 cents per napkin, and these napkins can be reused two days after they are last used. New napkins can be purchased for a cost of 95 cents per napkin. Determine how to minimize the cost of meeting the demand for napkins during the next four days. (Note: There are at least two possible modeling approaches, one network and one nonnetwork. See if you can model it each way.)

Answers

Do you still need help with this question?

Swifty Corporation developed the following data for the current year: Beginning work in process inventory $270000 Direct materials used 164000 Actual overhead 308000 Overhead applied 236000 Cost of goods manufactured 284000 Total manufacturing costs 790000 Swifty Corporation's ending work in process inventory is

Answers

Answer:

Ending WIP= 776,000

Explanation:

First, we need to calculate the cost of direct labor:

Total manufacturing costs= direct material + direct labor + applied overhead

790,000 = 164,000 + direct labor + 236,000

390,000 = direct labor

To calculate the ending work in process inventory, we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

284,000 = 270,000 + 164,000 + 390,000 + 236,000 - Ending WIP

-776,000 = -Ending WIP

Ending WIP= 776,000

A machine cost $239,800, has annual depreciation expense of $47,960, and has accumulated depreciation of $119,900 on December 31, 2020. On April 1, 2021, when the machine has a fair value of $96,320, it is exchanged for a similar machine with a fair value of $281,800 and the proper amount of cash is paid. The exchange lacked commercial substance.

Required:
Prepare all entries that are necessary at April 1, 2021.

Answers

Answer:

April 1, 2021

Dr Depreciation expense 11,990

Cr Accumulated depreciation 11,990

April 1, 2021

Dr Machinery, New $281,800

Dr Accumulated depreciation- Machinery 123,890

Dr Loss on disposal of machinery 19,590

Cr Cash 185,480

Cr Machinery, Old $239,800

Explanation:

Preparation of all entries that are necessary at April 1, 2021.

April 1, 2021

Dr Depreciation expense 11,990

Cr Accumulated depreciation 11,990

(47,960 * 3/12)

(Being To record depreciation)

April 1, 2021

Dr Machinery, New $281,800

Dr Accumulated depreciation- Machinery (111,900+11,990) 123,890

Dr Loss on disposal of machinery 19,590

[185,480+$239,800-($281,800+123,890)]

Cr Cash 185,480

($281,800-$96,320)

Cr Machinery, Old $239,800

(Being To record the exchange of machinery)

Your cousin Vinnie owns a painting company with fixed costs of $200 and the following schedule for variable costs:
Quantity Variable Cost Average Fixed Cost Average Variable Cost Average Total Cost
(Houses Painted per Month) (Dollars) (Dollars) (Dollars) (Dollars)
1 10
2 20
3 40
4 80
5 160
6 320
7 640
The efficient scale is houses.

Answers

Answer:

AVERAGE FIXED COST

1 200

2 100

3 66.7

4 50

5 40

6 33.3

7 28.6

AVERAGE VARIABLE COST

1 10

2 10

3 13.3

4 20

5 32

6 53.3

7 91.4

AVERAGE TOTAL COST

1 210

2 110

3 80

4 70

5 72

6 86.7

7 120

The efficient scale is 4 houses per month

Explanation:

Calculation for the average fixed cost, average variable cost, and average total cost for each quantity

First step is to calculate the Variable Cost,Fixed Cost and Total cost

Quantity Variable Cost Fixed Cost Total cost

$0 $200 $200 $200

1 10 +200=210

2 20 +200=220

3 40 +200=240

4 80 + 200=280

5 160 +200=360

6 320 +200=520

7 640+ 200=840

Now let calculate the average fixed cost, average variable cost, and average total cost for each quantity

Calculate AVERAGE FIXED COST

Quantity Fixed Cost AVERAGE FIXED COST

$0 $200 ---

1 200=200 (200/1)

2 200=100 (200/2)

3 200=66.7 (200/3)

4 200=50 (200/4)

5 200=40 (200/5)

6 200=33.3 (200/6)

7 200=28.6 (200/7)

Calculate for AVERAGE VARIABLE COST

Quantity Variable Cost AVERAGE VARIABLE COST

$0 $200 ---

1 10 =10 (10/1)

2 20=10 (20/2)

3 40 =13.3 (40/3)

4 80=20 (80/4)

5 160 =32 (160/5)

6 320=53.3 (320/6)

7 640=91.4 (640/7)

Calculation for AVERAGE TOTAL COST

Quantity Total cost AVERAGE TOTAL COST

$0 $200 -----

1 210 =210 (210/1)

2 220 =110 (220/2)

3 240=80 (240/3)

4 280=70 (280/4)

5 360=72 (360/5)

6 520=86.7 (520/6)

7 840=120 (840/7)

Based on the above Calculation The efficient scale is 4 houses per month reason been that it has the lowest Average total cost of 70 therefore minimizing the Average total cost.

Which of the following people owe a tax penalty for early withdrawal? Leslie is 58 years old and wants to buy a car, so she withdrew some money from her IRA Benjamin is 62 years old and withdrew money this year for retirement. Dalton is 50 years oldHe lost his job due to Cavid-19 and some money out nay

Answers

Answer: Leslie is 58 years old and wants to buy a car, so she withdrew some money from her IRA

Explanation:

Out of the options given in the question, the person who owe a tax penalty for early withdrawal is Leslie.

From the question, we are informed that "Leslie is 58 years old and wants to buy a car, so she withdrew some money from her IRA.

For someone to be able to withdraw, the person must be above 60 years as in the case of Benjamin or in a case of a situation when there's an unforeseen circumstances such as loss of job in case of Dalton

Find the EAR in each of the following cases: Stated Rate (APR) Number of Times Compounded Effective Rate (EAR) 7% Quarterly 17 Monthly 13 Daily 10 infinite

Answers

Answer:

7.19

18.39

13,88

10.51%

Explanation:

EAR = (1 + periodic interest rate)^m - 1

m = number of compounding

a. ( 1 + 0.07/4)^4 - 1 = 7.19%

b. (1 + 0.17/12)^12 - 1 = 18.39%

c. (1 + 0.13/365)^365 - 1 = 13.88%

d. EAR =

Information concerning a magazine’s readership is of interest both to the publisher and to the magazine’s advertisers. A survey of 500 subscribers included the following questions. For each question, determine the data type of possible responses.
a What is your age?
b What is your gender?
c What is your marital status?
d Is your annual income less than $30000,
between $30000 and $60000, or over
$60 000?
e To how many other magazines do you
subscribe?
f How do you rate the feature article
published in the current issue of the magazine (very good, good or poor)?

Answers

I think it would be c

Match each of the following terms A through F with the appropriate definitions 1 through 6.
A. Maker of a note
B. Interest
C. Promissory note
D. Payee of a note
E. Principal of a note
F. Dishonoring a note _____
1. A written promise to pay a specified amount either on demand or at a definite future date. _____
2. The cost of borrowing money for a borrower, alternatively the profit from, lending money for a lender. _____
3. One who signs a note and promises to pay it at maturity. _____
4. The one to whom the promissory note is made payable. _____
5. Refers to a note maker's inability or refusal to pay the note at maturity. _____
6. The amount that the signer of a note agrees to pay back when the note matures, not including interest. Defining promissory notes.

Answers

Solution :

A. Maker of a note: 3. It is the person who signs the note and promises to pay.

The maker puts his signature and promises to pay the bearer the amount of the value of the note.

B. Interest: 2. It is the cost of borrowing money and profit for lender.

It is the extra money that the borrower pays to the lender. It is like an income to the lender.

C. Promissory note: 1. It is a promise to pay the signed sum.

It is a note that promises to pay the amount of the value.

D. Payee of a note: 5. It is the person to which the note is payable.

Payee is the individual who is the owner of the note.

E. Principal of a note: E. It is the amount signed to be paid back excluding interest.

It is the basic amount signed to be paid to the bearer.

F. Dishonoring a note: 5. It is inability to pay the signed sum.

Dishonoring is refusal to pay or the inability to pay the value for the signed amount.

Recording Transactions in Journal Entries and T-Accounts
On December 1, 2018, R. Lambert formed Lambert Services, which provides career and vocational counseling services to graduating college students. The following transactions took place during December, and company accounts include the following: Cash, Accounts Receivable, Land, Accounts Payable, Notes Payable, Common Stock, Retained Earnings, Counseling Services Revenue, Rent Expense, Advertising Expense, Interest Expense, Salary Expense, and Utilities Expense.
(1) Raised $7,000 cash through common stock issuance.
(2) Paid $750 cash for December rent on its furnished office space.
(3) Received $500 invoice for December advertising expenses.
(4) Borrowed $15,000 cash from bank and signed note payable for that amount.
(5) Received $1,200 cash for counseling services rendered.
(6) Billed clients $6,800 for counseling services rendered.
(7) Paid $2,200 cash for secretary salary.
(8) Paid $370 cash for December utilities.
(9) Declared and paid a $900 cash dividend.
(10) Purchased land for $13,000 cash to use for its own facilities.
(11) Paid $100 cash to bank as December interest expense on note payable.
Required:
A. Prepare journal entries for each of the transactions 1 through 11.
B. Set up T-accounts for each of the accounts used in part a and post the journal entries to those T-accounts.

Answers

Answer:

A. Journal Entries:

1. Debit Cash $7,000

Credit Common Stock $7,000

To record the issuance of stock.

2. Debit Rent Expense $750

Credit Cash $750

To record the payment of rent expense for December.

3. Debit Advertising Expense $500

Credit Account Payable $500

To record the accrued expense.

4. Debit Cash $15,000

Credit Notes Payable $15,000

To record the borrowing of cash from bank with a note payable.

5. Debit Cash $1,200

Credit Counseling Services Revenue $1,200

To record the receipt of cash for counseling services rendered.

6. Debit Accounts Receivable $6,800

Credit Counseling Services Revenue $6,800

To record revenue for counseling services rendered.

7. Debit Salary Expense $2,200

Cash Cash $2,200

To record the payment for secretary salary.

8. Debit Utilities Expense $370

Credit Cash $370

To record the payment of utilities expense for the month.

9. Debit Dividends $900

Credit Cash $900

To record the payment of dividends.

10. Debit Land $13,000

Credit Cash $13,000

To record the purchase of land for cash.

11. Debit Interest Expense $100

Credit Cash $100

To record the payment of interest on Note Payable.

B. T-accounts:

Cash

Account Titles              Debit      Credit

Common stock          $7,000

Rent Expense                                $750

Note payable             15,000

Counseling Services   1,200

Salary Expense                           2,200

Utilities Expense                            370

Dividends                                      900

Land                                          13,000

Interest Expense                           100

Accounts Receivable

Account Titles              Debit      Credit

Counseling Services $6,800

Land

Account Titles              Debit      Credit

Cash                          $13,000

Accounts Payable

Account Titles              Debit      Credit

Advertising expense                    $500

Notes Payable

Account Titles              Debit      Credit

Cash                                         $15,000

Common Stock

Account Titles              Debit      Credit

Cash                                          $7,000

Retained Earnings

Account Titles              Debit      Credit

Counseling Services Revenue

Account Titles              Debit      Credit

Cash                                           $1,200

Rent Expense

Account Titles              Debit      Credit

Cash                               $750

Advertising Expense

Account Titles              Debit      Credit

Accounts Payable        $500

Interest Expense

Account Titles              Debit      Credit

Cash                              $100

Salary Expense

Account Titles              Debit      Credit

Cash                           $2,200

Utilities Expense

Account Titles              Debit      Credit

Cash                             $370

Dividends

Account Titles             Debit      Credit

Cash                             $900

Explanation:

a) Data and Calculations:

Transactions Analysis:

1. Cash $7,000 Common Stock $7,000

2. Rent Expense $750 Cash $750

3. Advertising Expense $500 Advertising Payable $500

4. Cash $15,000 Notes Payable $15,000

5. Cash $1,200 Counseling Services Revenue $1,200

6. Accounts Receivable $6,800 Counseling Services Revenue $6,800

7. Salary Expense $2,200 Cash $2,200

8. Utilities Expense $370 Cash $370

9. Dividends $900 Cash $900

10. Land $13,000 Cash $13,000

11. Interest Expense $100 Cash $100

A refrigerator costs $800 on an installment plan that requires a down payment of $140 and monthly payments for 12 months. What are the monthly payments of the plan?

Answers

55 dollars a month. U get this by doing 800-140 and then diving that by 12
The answer would be $55 per month.
The reasoning for this would be that after taking out the $140 down payment from the $800 would leave you with $660 once you get that number you divide it by 12. Which would give you your monthly payment of $55 per month.

2/2
John's employer offered him health insurance coverage for $125 per month that would
cover him as an individual. However, he was also offered the option to cover himself, bis
wife, and his child for $295 a month. How much extra would it cost John annually to add
his family to his health insurance?

Answers

I’m not sure but I think it’s 375$

Based on the following information, determine the location quotient for Amusement City and whether this city has a competitive advantage in the amusement industry: employment in amusements and recreation in Amusement City: 54,446; total employment in Amusement City: 578,477; employment in amusements and recreation (nationally): 1,381,377; total employment (nationally): 106,201,232.

a. 0.23; No, the city does not have a competitive advantage in this industry.
b. 4.43; No, the city does not have a competitive advantage in the industry
c. 0.23; Yes, the city has a competitive advantage in this industry
d. 4.43; Yes, the city has a competitive advantage in this industry

Answers

Answer:

a. 0.23; No, the city does not have a competitive advantage in this industry

Explanation:

Calculation to determine the location quotient for Music City and whether this city has a competitive advantage in the entertainment industry

Location quotient for Music City= (3020/ 656,785)/ (2,160,970/ 106,201,232)

Location quotient for Music City=0.004598/0.020347881

Location quotient for Music City= 0.225

Location quotient for Music City= 0.23 (Approximately)

Based on the above calculation the city does NOT have a competitive advantage in this industry.

Shelley is self-employed in Texas and recently attended a two-day business conference in New Jersey. After Shelley attended the conference, she had dinner with an old friend who lived nearby. Shelley documented her expenditures (described below). What amount can Shelley deduct.?
Airfare to New Jersey $2,180
Meals at the conference 238
Meal with an old friend 130
Lodging in New Jersey 432
Rental car 198
a. $3,048.
b. $1,958 if Shelley itemizes the deductions.
c. $2,929.
d. all of these expenses are deductible but only if Shelley attends a conference in Texas.
e. none of the expenses are deductible because Shelley visited her friend.

Answers

Answer:

$ 2929

Explanation:

Calculation for What amount can Shelley deduct

Airfare to New Jersey $2,180

Add Meals 119

(238/2)

Add Lodging in New Jersey 432

Add Rental car 198

Deducted amount $2929

Therefore the amount that Shelley can deduct will be $2929

░░░░░▐▀█▀▌░░░░▀█▄░░░
░░░░░▐█▄█▌░░░░░░▀█▄░░
░░░░░░▀▄▀░░░▄▄▄▄▄▀▀░░ <----------- Bob
░░░░▄▄▄██▀▀▀▀░░░░░░░
░░░█▀▄▄▄█░▀▀░░
░░░▌░▄▄▄▐▌▀▀▀░░
▄░▐░░░▄▄░█░▀▀ ░░
▀█▌░░░▄░▀█▀░▀ ░░
░░░░░░░▄▄▐▌▄▄░░░
░░░░░░░▀███▀█░▄░░ ░░░░░░▐▌▀▄▀▄▀▐▄░░heaven.
░░░░░░▐▀░░░░░░▐▌░░
░░░░░░█░░░░░░░░█░

Answers

Answer:

Oh dear... Do you need help with something or is this just something random- lol

Explanation:

Prepare the adjusting journal entries for the following transactions.
1. Supplies for office use were purchased during the year for $620, of which $160 remained on hand (unused) at year-end.
2. Interest of $310 on a note receivable was earned at year-end, although collection of the interest is not due until the following year.
3. At year-end, salaries and wages payable of $4,200 had not been recorded or paid.
4. At year-end, one-half of a $2,600 advertising project had been completed for a client, but nothing had been billed or collected.
5. Re-deemed a gift card for $660 of services.

Answers

Answer and Explanation:

The adjusting entries are shown below:

1. Supplies expense $460 ($620 - $160)

   To  supplies  $460

(being supplies expense is recorded)

2. Interest receivable $310

         To Interest revenue  $310

(Being interest revenue is recorded)

3. wages expense $4,200

         To wages payable  $4,200

(Being wages expense is recorded)

4. Account receivable  $1,300 (50% of $2,600)

         To Service revenue $1,300

(Being service revenue is recorded)

5. Unearned revenue   $660

            To Service revenue $660

(Being service revenue is recorded)

Abbey Park was organized on April 1, 2016, by Trudy Crawford. Trudy is a good manager but a poor accountant. From the trial balance prepared by a part-time bookkeeper, Trudy prepared the following income statement for the quarter that ended March 31, 2017.
Abbay Park
Income statement
For the quarter ended March 31,2017
Revenues 83000
Rent Revenue
Operating expenses
Advertising expense 4200
Salaries and wages expense 27600
Utilities expense 1500
Depreciation expense 800
Maintenance expense 2800
Total operating expense 36900
Net income 46100
Trudy knew that something was wrong with the statement because net income had never exceeded $20,000 in any one quarter. Knowing that you are an experienced accountant, she asks you to review the income statement and other data. You first look at the trial balance. In addition to the account balances reported in the income statement, the ledger contains these selected balances at March 31, 2017.
Supplies 4500
Prepaid insurance 7200
Notes payable 20000
You then make inquiries and discover the following.
1. Rent revenue includes advanced rentals for summer-month occupancy, $21,000.
2. There were $600 of supplies on hand at March 31.
3. Prepaid insurance resulted from the payment of a 1-year policy on January 1, 2017.
4. The mail on April 1, 2017, brought the following bills: advertising for week of March 24, $110; repairs made March 10, $1,040; and utilities $240.
5. Wage expense totals $290 per day. At March 31, 3 days’ wages have been incurred but not paid.
6. The note payable is a 3-month, 7% note dated January 1, 2017. Instructions With the class divided into groups, answer the following.
(a) Prepare a correct income statement for the quarter ended March 31, 2017.
(b) Explain to Trudy the generally accepted accounting principles that she did not follow in preparing her income statement and their effect on her results.

Answers

Answer:

Abbey Park

a) Correct Income Statement for the quarter ended March 31, 2017:

Abbey Park

Income statement

For the quarter ended March 31,2017

Revenue

Rent Revenue                                      $62,000

Operating expenses    

Advertising expense                  4,310

Salaries and wages expense 28,470

Utilities expense                        1,740

Depreciation expense                 800

Maintenance expense             3,840

Supplies Expense                    3,900

Insurance expense                  1,800

Interest expense                       350

Total operating expense                     45,210

Net income                                        $16,790

b) The generally accepted accounting principles that Trudy did not follow in the preparation of her income statement are the accrual concept and the matching principle.  Failure to follow these principles means that the net income will be misstated.  The accounts were based on the cash basis instead of the accrual basis of generally accepted accounting principles.  This means that records for non-cash transactions were not recognized while some others were recognized based on their cash effects.

Explanation:

a) Income Statement for the quarter ended March 31, 2017:

Abbey Park

Income statement

For the quarter ended March 31,2017

Revenue

Rent Revenue                                      $83,000

Operating expenses    

Advertising expense                 4,200

Salaries and wages expense 27,600

Utilities expense                        1,500

Depreciation expense                 800

Maintenance expense             2,800

Total operating expense                     36,900

Net income                                         $46,100

Adjustments:

1. Rent Revenue = $62,000 ($83,000 - 21,000)

2. Supplies Expenses $3,900 ($4,500 - 600)

Supplies balance = 600

3. Prepaid Insurance = $5,400 ($7,200 - 1,800)

Insurance expense = $1,800 ($7,200/4)

4. Advertising Expense = $4,310 ($4,200 + 110)

   Maintenance Expense = $3,840 ($2,800 + 1,040)

   Utilities Expense = $1,740 ($1,500 + 240)

Expenses Payable = $1,390

5. Wages Expenses = $28,470 (27,600 + ($290 * 3))

Wages payable $870

6. Interest Expense = $350 ($20,000 * 7% * 3/12)

Other Questions
Find the perimeter. Use 3.14 for pi. What likely explains the poor reputation of Leopold II among historians today? 8x - y = 42 -4x - 6 = y -4r - (4r-6) simplify with work please PLEASE HELP ASAP IT URGENT!!!!!!!! John drove 270 milesin 2 hours. At thisrate, how long will ittake him to drive 405miles. 2/9 of the students in a school are in sixth grade.a. How many sixth graders are there if the school has90 students?b. How many sixth graders are there if the school has27 students? A transverse standing wave is set up on a string that is held fixed at both ends. The amplitude of the standing wave at an antinode is 2.20 mm and the speed of propagation of transverse waves on the string is 260 m/s. The string extends along the x-axis, with one of the fixed ends at x= 0, so that there is a node at x =0. The smallest value of x where there is an antinode is x= 0.150m.Required:a. What is the maximum transverse speed of a point on the string at an antinode? b. What is the maximum transverse speed of a point on the string at x = 0.075 m? what are some Major Characteristics Temperate Deciduous Forest NEED HELP ASAPNigeria has the potential to be one of the strongest economic countries in the world.Please select the best answer from the choices providedTF 3. Using the net, calculate and label the area of each face of the prism.Add the areas of each face to find the surface area of the prism.Plz help I will give 100 points to anyone who answers this correctly. PLEASE HELP ME GUYS ITS URGENT!! Mai bikes 6 3/4 miles today, and Noah bikes 4 1/2 One angle of a right triangle measures 34 degrees. What is the measure of the other acute angle helppppp plsssssswill give brainy Which one is the right answer 1/3x + y = 4(what is Y) URGENT! I need this answered today! 11) Which answer choice is equivalent to thisn +n +n + nC) n.A)4+n(B) AnD) n(n + 3) The profit P (in dollars) from selling x calculators is P=25x-10x+250. How many calculators are sold when the profit is $430?