The Work in Process Inventory account must be debited in order to report the application of manufacturing overhead in a journal entry.
This is because when manufacturing overhead is applied, it is considered to be a cost of the goods in production. The Work in Process Inventory account is used to track the costs of goods in production, so it makes sense to debit this account when recording the application of manufacturing overhead.
The journal entry will also include a credit to Manufacturing Overhead, which is the account used to track the total amount of manufacturing overhead that has been applied to production. This is done to ensure that the total amount of manufacturing overhead that is applied can be tracked.
Additionally, the journal entry may include other accounts depending on the specific situation, such as Wages Payable or Cash.
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Resolving Errors and Correcting a Trial Balance Assume we examine the accounts of Century Inc. and identify the following four errors. 1. Equipment purchased for $60,000 at year-end was debited to Expenses. 2. Sales on credit of $6,632 were debited to Accounts Receivable for $7,136 and credited to Revenues for $6,632. 3. A $48,000 cash collection on accounts receivable was debited to Cash and credited to Revenues. 4. The inventory amount is understated by $16,000 because the entry to record the purchase of inventory was incorrectly recorded in cost of goods sold (cost of goods sold is included in Expenses). The unadjusted trial balance of Century Inc. is provided below. Prepare a corrected unadjusted trial balance. Note: Do not use negative sign in your answers. Unadjusted Trial Balance Corrected Unadjusted Trial Balance Accounts Debit Credit Credit Cash $ 284,504 $ $ 332,504 * $ 0 Accounts receivable 248,000 207,136 X Allowance for doubtful accounts (16,000) 0 Inventory 144,000 160,000 Equipment 1,452,000 1,512,000 Accumulated depreciation 96,000 0 Accounts payable 144,000 Notes payable 200,000 Common stock 1,440,000 0 Retained earnings 112,000 118,632 x Revenues 600,000 Expenses 480,000 524,000 x 0 Net earnings $2,592,504 $2,592,000 $ 0 $ ох x x x
Unadjused Trial Balance Corrected Unadjuated trial balance Accounts Debit Credit Debit Credit Cash $284,504 $284,504 Accounts receivable $248,000 $199,496 Allowance for doubtful accounts ($16,000)
How do you adjust an unadjusted trial balance?To complete the unadjusted trial balance, add the balances in the debit column and, separately, add those in the credit column. Write each respective total on the last line of the table in the appropriate column. The total debit balance should equal the total credit balance.An unadjusted trial balance is prepared before the adjusting journal entries are made, while an adjusted trial balance is prepared after adjusting journal entries have been recorded.Unadjusted accounts are the starting amounts from which accounts begin the adjusting process at the end of the fiscal period. Unadjusted accounts do not reflect earned income, expenses or changes in equity that occurred during the fiscal periodTo learn more about unadjusted trial balance refers to:
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shadow pricing is inherently challenging, but it is most difficult when assigning a value to .
Shadow pricing is most difficult when assigning a value to calculate costs. It is because in the shadow pricing, the inexact as it relies on subjective assumptions and lacks reliable data to fall back on.
In the term of business and economic, Shadow pricing generally can be defined as the practice of assigning a monetary value to something whose value can only be estimated. Shadow pricing is most difficult to calculate a cost because it is not something regularly bought and sold in a marketplace. When a financial analyst is doing a cost-benefit analysis to decide regarding a proposed investment, usually the analyst used a Shadow pricing.
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How can apples customers feedback help measure customers satisfaction
NPS is used by Apple to gather reliable customer feedback on the brand. The company sends a survey to the customer shortly after they make a purchase, asking them to rate their level of satisfaction and likelihood of recommending the products to friends.
How does Apple measure customer behavior?When a customer buys a product or downloads iTunes, Apple gains access to data that the company can use. Apple uses this data to gain valuable insight into the consumer and what motivates purchase behavior.
To improve the overall quality of our products, Apple collects feedback from customers who use prerelease software. We can test in a variety of environments with your help. Your computer is scanned for changes to your system's attributes every time you open Feedback Assistant.
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lamont is working on a deal or a vacation home in which the buyer is purchasing several of the sellers furnishing sofas, tables, cabinets what must lamont do include the items as part of the transaction
Lamont is working on a deal or a vacation home in which the buyer is purchasing several of the sellers' furnishing sofas, tables, cabinets. Lamont must include invoice of items as part of the transaction.
What is invoice?
It serves as proof of the cash transactions that were completed to record cash purchases or sales. It is created in two copies, which we commonly refer to as the original and the copy of the bill. The step-by-step procedure of requesting payment from clients through sending invoices is referred to as billing. The commercial document used by businesses to request payment and keep track of sales is an invoice. An invoice explicitly contains the name of the thing a customer purchases, the product's cost and payment conditions, and the contact details for both the buyer and the seller.
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Which of the following is the most appropriate way to handle a conflict of conscience relating to a project?
Notify relevant parties that a conflict may exist and seek advice about whether to accept or decline the project.
Remain quiet about the conflict and continue with one's work.
Report the issue to the institution's research misconduct office.
Follow all of the federal regulations relating to conflicts of conscience.
The correct option is A. Notify relevant parties that a conflict may exist and seek advice about whether to accept or decline the project.
All details of the Applicant in the facts of his taking part in the financial institution at the time he makes his electronic application shall be deemed to be actual and accurate and the relevant taking part bank and the relevant parties will be entitled to rely on the accuracy thereof. applicable events mean the Agent, every Borrower, each safety party, the security Trustee, every Lender, and the switch financial institution.
it's far stated that the relevant parties are accountable below the Transaction files for performing a ramification of responsibilities relating to the series trust. it's miles stated that the applicable events are responsible below the Transaction documents for performing an expansion of obligations referring to the trust.
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if we know the interest rate is 10 percent per year and the money is invested for 10 years, then we can use the __________ to find the present value.
The present value factor can be used to get the present value if we know the interest rate is 10% per year and the money is invested for 10 years.
If the investment is made at 10% compounded quarterly, how long will it take for the money to double?Your investment will double at a 10% interest rate in roughly 7 years (72 x 10% = 7.2); at a 12% interest rate, it will double in roughly 6 years (72 x 12%).
How long will it take for an investment with a 10% compounded monthly rate of return to double?Actually, it will take 7.3 years for a 10% investment to double ((1.107.3 = 2)). For modest rates of return, the Rule of 72 is a respectable predictor.
How long will it take an investment earning 10% interest to double?All you need to know is the annual rate of projected return to use the Rule of 72 to determine when your money will double. If so, divide 72 by the estimated rate of return, or 10%, to get 7.2 years.
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The expense that relates to a formal note payable and accumulates or accrues throughout the accounting period is referred to as _________ expense. Interest.
The expense that relates to a formal note payable and accumulates or accrues throughout the accounting period is referred to as Interest expense.
What definition of accounting is most accurate?Accounting is the process of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collection organizations as part of the accounting process.
What function does accounting serve?In order to help management and other stakeholders make better business decisions, accounting is a system for measuring and summarizing business activities, understanding financial data, and communicating the outcomes.
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Think of a business process that you have had to perform in the past. How would you document this process? Would a diagram make more sense than a checklist? Document the process both as a checklist and as a diagram.
Let's take the process of onboarding a new employee as an example.
Diagram versus checklistChecklist:
Send offer letter and job descriptionSchedule new hire orientationCollect and review necessary paperwork (I-9, W-4, direct deposit form, etc.)Set up email, computer and workstationProvide access to company systems (e.g. HR database, time tracking, etc.)Review company policies and proceduresAssign a mentor or buddySchedule follow-up meeting with supervisorDiagram:
[Start]
|
1. Send offer letter
|
2. Schedule orientation
|
3. Collect paperwork
|
4. Set up workstation
|
5. Provide access to systems
|
6. Review policies
|
7. Assign mentor
|
8. Schedule follow-up
In this example, the checklist provides a step-by-step list of tasks to be performed, while the diagram visually represents the flow of the process. A combination of both can be useful for documenting the process as it provides the detailed steps in a clear and concise format, as well as a visual representation for easier understanding and implementation.
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Fatima chooses to remain in her old job rather than look for a new one elsewhere. what are her constraints?
Answer:
There can be various constraints that may have led Fatima to choose to remain in her old job rather than look for a new one elsewhere. Some possible constraints include:
Financial stability: Fatima may have a steady income and benefits in her current job and may not want to risk losing that stability by seeking a new job.
Familiarity and comfort: Fatima may be comfortable in her current job and may not want to deal with the stress and uncertainty of finding a new job.
Lack of job opportunities: There may not be many job opportunities available in her desired field or location, making it difficult for Fatima to find a job that meets her requirements.
Skills and qualifications: Fatima may not have the necessary skills or qualifications for a new job, or may not want to invest the time and money to acquire them.
Personal or family responsibilities: Fatima may have personal or family responsibilities that make it difficult for her to leave her current job and search for a new one.
These are just a few of the many possible constraints that Fatima may face. Understanding her specific constraints can help her make informed decisions about her career.
willie owns his own consulting business. he is very intelligent and able to connect with his clients in a meaningful way. he has a significant amount of repeat business but finds he struggles to track the hours he works, which has resulted in underbilling for his services. recognizing this, willie hires an administrative assistant who tracks the details and oversees invoicing. this scenario best represents .
Willie appoints an administrative assistant who keeps track of the specifics and manages billing after realizing this. This situation perfectly exemplifies dealing with your flaws.
"Full knowledge of your business"—what does it entail exactly?You can think of your knowledge base as being composed of both the skills of your team and your understanding of customer needs. You may manage your firm more effectively, lower business risks, and take full advantage of possibilities by effectively employing this knowledge. There is a knowledge advantage in this.
Realizing that you are not perfect will help you start being more honest with yourself if you are willing to accept your shortcomings. It allows you to see things objectively. In a broader sense, you are creating a more solid framework for your reality by letting go of your unmet identity.
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karen wants to determine how much money she will have at the end of a year if she deposits $50 at the end of every month into an account earning a monthly periodic rate of 1%.
Answer is Option D, Future Annuity Value.
A savings annuity's definition
A savings annuity is a savings strategy in which monthly, equal deposits are put into an account and are compounded over time. The annuity's payment term is the amount of time between payments; common payment intervals include one month, two weeks, and one week.
Most of us are unable to deposit a sizable sum of money in the bank right now. Instead, we put a smaller portion of each paycheck into savings by making a deposit into the bank. A savings annuity is the name for this concept. The majority of retirement programmes, such as 401(k) and IRA plans, are instances of savings annuities.
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1. What are 2-3 reasons why the product (saving or investing) might be a good option for someone to use for growing their money?
2. What are 2-3 reasons why the product (saving or investing) might NOT be a good idea for someone to use for growing their money?
1. Some reasons why a savings account or investment can be a good option for someone to use to increase their money is that it generates long-term compound interest in addition to generating a security reserve.
2. And some reasons why a savings or investment might not be a good option for someone to increase their money is lack of information about both and high risk.
How to make good investments?It is essential that investors seek information about investments and their profile, in order to identify the best options in line with their desires and needs, in addition to diversifying their investment portfolio to reduce risks.
Therefore, saving and investing are positive methods to increase money, generate greater control over your financial resources and greater long-term security.
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if the initial cost of a production machine including installation is $250,000, and the planned use of the machine is 2000 hr/yr for 5 years, and the applicable overhead rate on the equipment is 50%, which one of the following is the corresponding cost rate of this machine in $/hr:
The corresponding cost rate of the machine is $37.50/hour.
What is cost rate?
Cost rate refers to the cost per unit of time for using a resource, such as labor, equipment, materials, or a combination of these, in a production or operation process. It is expressed in monetary terms (such as dollars per hour, or euros per day) and is used to calculate the total cost of a project or activity by multiplying the cost rate by the number of units of time required for the resource to be used.
To calculate the cost rate of the machine in $/hr, we first need to determine the total cost of the machine over its 5-year lifespan. This can be done by adding the initial cost and the applicable overhead, then dividing the total cost by the planned number of hours the machine will be used per year and the number of years it will be used:
$250,000 + (250,000 * 0.50) = 375,000 (total cost)
$375,000 / (2000 hours/year * 5 years) = $37.50/hour
So the corresponding cost rate of the machine is $37.50/hour.
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Business strategies are impacted by the widespread use of the Internet. Which of the following is true with respect to its impact?The Internet has reduced barriers to market entry.The Internet has reduced the bargaining power of end-users.The Internet has eliminated all forms of substitution threats.The Internet has reduced consumer awareness about the differences among competitors.
Because there are less obstacles to posting on the internet, more people with little to no political background or connections are able to have a big impact on elections, which has an impact on political engagement.
Describe the internet.
They are all connected via a vast worldwide network of computers known as the Internet. From any place with an Internet connection, people may converse and exchange information online.
Because it is a worldwide network of computers that can communicate with one another owing to phone and cable connections, the Internet is referred to as a "network of networks." A million smaller heterogeneous computer networks make up this global network.
The Transport Control Protocol (TCP) and Internet Protocol (IP)-compliant packet-routing network that underpins the Internet allows for its operation (TCP). TCP and IP collaborate to provide dependable and constant data delivery across the internet, regardless of the device or location you use it on.
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specify whether the information above would be generated by the financial accounting system or the managerial accounting system at miracle music.
The above data will be collected, compiled, and reported using the managerial accounting system.
A system of accounting known as "managerial accounting" generates paperwork, reports, and statements that help the management make more informed decisions about how their business is run. The entirety of managerial accounting is used internally. The basic objective of managerial accounting is to maximise profits and minimise losses. It is focused with how data is displayed so that managers can make important decisions and forecast financial differences. Its reach is extremely broad and it encompasses a variety of business practises.
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which of the following is not a step in allocating indirect costs to cost objects?multiple choicemultiply the allocation rate by the weight of the cost driver.trace direct costs to individual cost poolspute an allocation rate by dividing the total cost to be allocated by the total cost driver volume.all of the answers are steps in allocating indirect costs.
Allocating indirect costs to cost objects does not include tracing direct expenses to specific cost pools for the following.
Indirect cost: What is it?Costs that are incurred throughout a number of operations and hence cannot be attributed to particular cost objects are known as indirect costs. Products, services, geographic areas, distribution routes, and clients are a few examples of cost objects.
In contrast, indirect costs are required to run the company as a whole. When management intends to set prices slightly above the variable costs of goods, it is useful to identify indirect costs so that they can be eliminated from immediate pricing choices.
Since indirect costs do not significantly vary within specific production volumes or other activity indicators, they are regarded as fixed costs. Accounting and legal costs, executive salaries, office expenses, rent, security charges, telephone prices, and utility costs are a few examples of indirect costs.
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For analyzing technical skill levels, the best source for job information may be ____, who have vast experience rating a wide range of jobs.
We define job enrichment in this guide, explore its benefits, provide examples of ways to enrich occupations, and contrast it with job enlargement.
What does the term "enrichment" mean?
the action or process of enhancing something's quality or power by including something else: Organic matter must be continually added to the soil to improve it. Children whose parents read to them and take them on enrichment activities perform better on such tests.
What exactly is subject enrichment?
The goal of a subject enrichment activity is to give pupils creative assignments that will improve their abilities and build on their prior knowledge. Students finish assignments that put their essential abilities into practise and let them actively assimilate material.
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TRUE/FALSE. unsupervised learning only works when it is exposed to a very large number of examples for it to evaluate.
Unsupervised learning only works when it is exposed to a very large number of examples for it to evaluate. It is false.
What is unsupervised learning?
Machine learning techniques such as unsupervised learning identify patterns in data without labels or instructions. It can assist companies in better understanding their clients, whether through the development of buyer personas or product recommendations. Additionally, using techniques like clustering or dimensionality reduction, it might be useful in revealing hidden data structures or patterns. supervised learning, in which a model is developed using input and output data and corrected by a teacher, is distinct from unsupervised learning. Unsupervised learning is difficult since the correct method, data preprocessing, and evaluation standards must be chosen.
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FILL IN THE BLANK. __ allows the use of the creative commons work so long as you give credit to the original author or creator.
License allows the use of the creative commons work so long as you give credit to the original author or creator.
What is License?
A business needs a license from a government organization in order to operate within certain restrictions. In addition to registration, this license is a state-level need for a business to function. Which licenses are necessary for a firm to function legally is typically determined by business activity and the company's location. The number of employees and the existence of a sole proprietorship or corporation are additional elements that may affect the kind of license. Governmental organizations have the right to penalize or even shut down a company that does not have the necessary business licenses.
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Payback, NPV, and MIRR
Your division is considering two investment projects, each of which requires an up-front expenditure of $28 million. You estimate that the cost of capital is 11% and that the investments will produce the following after-tax cash flows (in millions of dollars):
Year Project A Project B
1 5 20
2 10 10
3 15 8
4 20 6
What is the regular payback period for each of the projects? Round your answers to two decimal places.
Project A years
Project B years
What is the discounted payback period for each of the projects? Round your answers to two decimal places.
Project A years
Project B years
If the two projects are independent and the cost of capital is 11%, which project or projects should the firm undertake?
-Select-Project AProject BBoth projectsItem 5
If the two projects are mutually exclusive and the cost of capital is 5%, which project should the firm undertake?
-Select-Project AProject BItem 6
If the two projects are mutually exclusive and the cost of capital is 15%, which project should the firm undertake?
-Select-Project AProject BItem 7
What is the crossover rate? Round your answer to two decimal places.
%
If the cost of capital is 11%, what is the modified IRR (MIRR) of each project? Round your answers to two decimal places.
Project A %
Project B %
The term "payback time" refers to the amount of years expected to reimburse the initial monetary outlay.
1. Payback period:
Project A: $28 million/$5 million = 5.6 years (rounded to 5.60 years)
Project B: $28 million/$20 million = 1.4 years (rounded to 1.40 years)
2. Discounted payback period:
Project A: It is not possible to determine the discounted payback period without additional information such as the year-by-year cash flows discounted at the cost of capital.
Project B: It is not possible to determine the discounted payback period without additional information such as the year-by-year cash flows discounted at the cost of capital.
3. If the two projects are independent and the cost of capital is 11%: Both projects should be undertaken as the NPV of both projects is positive, indicating that they are expected to add value to the firm.
4 . If the two projects are mutually exclusive and the cost of capital is 5%: Project B should be undertaken as it has a higher NPV compared to Project A.
5. If the two projects are mutually exclusive and the cost of capital is 15%: Project A should be undertaken as it has a higher NPV compared to Project B.
6. Crossover rate: It is not possible to determine the crossover rate without additional information such as the year-by-year cash flows discounted at the different cost of capital rates.
7. Modified IRR (MIRR):
Project A: It is not possible to determine the MIRR without additional information such as the year-by-year cash flows discounted at the cost of capital.
Project B: It is not possible to determine the MIRR without additional information such as the year-by-year cash flows discounted at the cost of capital.
What is NPV?
Net present value (NPV) is a financial metric used to evaluate the present value of an investment or a series of cash flows. It is calculated by subtracting the initial cost of the investment from the present value of the expected future cash flows generated by the investment. A positive NPV indicates that an investment is expected to generate more cash flows than its initial cost and is therefore considered to be a good investment. On the other hand, a negative NPV means that the investment is not expected to generate enough cash flows to cover its cost.
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branded products placed conspicuously in movies or television shows can result in implicit memory formation.True or False
Branded products placed conspicuously in movies or television shows can result in implicit memory formation. It is true.
What is brand?
A brand is any feature that distinguishes a seller's product or service. It might be a name, a term, a design, a symbol, or anything else. In business, marketing, and advertising, brands are used to build and preserve brand equity for the recognized product, which benefits the brand's customers, owners, and shareholders. Brand names can occasionally be distinguished from retail brands or generic names. Branding eventually adopted a performance or benefit promise, initially just for the product but later also for the corporation that created the brand.
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selected current year-end financial statements of cabot corporation follow. (all sales were on credit; selected balance sheet amounts at december 31 of the prior year were inventory, $56,900; total assets, $199,400; common stock, $86,000; and retained earnings, $41,554.)
The Cabot Corporation's most recent year-end financial statements are as follows:
1. The current ratio is calculated as Assets Ratio / Current Liabilities.
= $100,900 / $26,200 is the current ratio.
Actual Ratio = $3.85
(2) (Total Assets - Merchandise) / (Current Liabilities) Acid Test Ratio
The Acid Test Ratio is equal to $58.750 / $26.200.
($2.24) Acid Test Ratio
(3) Days' Sales Uncollected are calculated by multiplying (Average Accounts Receivable/Net Credit Sales) by 365.
Days' Sales Uncollected equals ($32,600/$449,600) multiplied by 365 days.
Uncollected Day's Sales = 26.47 days
(4) Inventory Turnover is calculated as COGS / Average Inventory.
Turnover of Inventory = $297,950 / $47,525
Turnover in Inventory = $6.27
5. (Mean Inventory / COGS) x 365 Days' Sales Inventory = ($47,525 / $297,950) x 365 Days' Sales Inventory = 58.22 days) Days Sales in Inventory
(6) Debt-to-Equity Ratio = Loan / Equity (6)
Ratio of Debt to Equity = $97,600 / $155,600
$ 0.63 is the debt-to-equity ratio.
EBIT divided by interest costs equals (7) times interest earned.
$52,850 divided by $4,000 times interest earned.
Interest Paid times Earned = $13.21
(7) Net Income Ratio = Total Sales / Profit Margin Ratio
The ratio of Profit: $29,171 / $449,600
Ratio of profit = 6.49%
(8) Net Sales / Average Annual Assets = Total Asset Turnover (9)
Turnover of Total Assets = $449,600 / $221,600
Turnover of Total Assets = $2.03
10) Return on Shareholder Equity = EBIT / the average total assets
$52,850 / $221,600 is the return on total assets.
23.85% is the return on total assets.
(11) Net income divided by average equity is the return on common investors' equity. $141,014.50 / $29,171 is the return on average stockholders' equity.
Return on Equity for Common Stockholders = 20.69%
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Complete question;
The selected year-end financial statement of Cabot Corporation follows. (All sales were on credit; selected balance sheet amounts on December 31, 2015, were inventory, $56,900; total assets, $209,400; common stock, $86,000; and retained earnings, $53,588)
CABOT CORPORATION
Income Statement
For the Year Ended December 31, 2017
Sales . . . . . . . . . . . . . . . . . $448,600
Cost of goods sold . . . . . . 297,250
Gross profit . . . . . . . . . . . . 151,350
Operating expenses . . . . . 98,600
Interest expense . . . . . . . . 4,100
Income before taxes . . . . . 48,650
Income taxes . . . . . . . . . . . 19,598
Net income . . . . . . . . . . . . $ 29,052
CABOT CORPORATION
Balance Sheet
December 31, 2017
Assets Liabilities and Equity
Cash . . . . . . . . . . . . . . . . . . . . . . . $ 10,000 Accounts payable . . . . . . . . . . . . . . . . . . . . $ 17,500
Short-term investments . . . . . . . . 8,400 Accrued wages payable . . . . . . . . . . . . . . 3,200
Accounts receivable, net . . . . . . . 29,200 Income taxes payable . . . . . . . . . . . . . . . . 3,300
Notes receivable (trade)* . . . . . . . 4,500 Long-term note payable, secured
Merchandise inventory . . . . . . . . . 32,150 by mortgage on plant assets . . . . . . . . 63,400
Prepaid expenses . . . . . . . . . . . . . 2,650 Common stock . . . . . . . . . . . . . . . . . . . . . . 90,000
Plant assets, net . . . . . . . . . . . . . . 153,300 Retained earnings . . . . . . . . . . . . . . . . . . . 62,800
Total assets . . . . . . . . . . . . . . . . . . $240,200 Total liabilities and equity . . . . . . . . . . . . . $240,200
* These are short-term notes receivable arising from customer (trade) sales.
the current state of the economy of johnsrudia is represented by point z in the graph shown here. which of the following statements are true based on this graph?
This is the amount that would be produced once prices had a chance to stabilize completely.
Which graph exemplifies inflation the best?
The Phillips Curve shows the many combinations of the inflation rate and unemployment rate that the economy can choose from. After choosing a point on the Phillips Curve, policymakers can use monetary and fiscal policy to get there.
A vertical LRAS curve makes no sense.?
The aggregate supply curve is vertical in a country with full employment throughout the long run. Since resource prices adjust to changes in the price level over time, firms are no longer enticed to vary their output, which results in a vertical long-run aggregate supply curve.
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Dexter Company applies the direct write-off method in accounting for uncollectible accounts. Prepare journal entries to record the following selected transactions of Dexter.
Mar. 11 Dexter determines that it cannot collect $45,000 of its accounts receivable from its customer Leer Company.
29 Leer Company unexpectedly pays its account in full to Dexter Company. Dexter records its recovery of this bad debt.
Accounting for uncollectible accounts deals with the amount of bad debt that a debtor cannot pay and is treated under the uncollectible.
The first entry is made to write-off the uncollectible account and record the loss in the Allowance for Doubtful Accounts account.The credit to Allowance for Questionable Accounts decreases the allowance for doubtful accounts, while the debit to Accounts Receivable reverses the initial write-off.
Mar. 11 - Write-off of Uncollectible Account
Debit: Allowance for Doubtful Accounts $45,000
Credit: Accounts Receivable (Leer Company) $45,000
This entry is made to write-off the uncollectible account and record the loss in the Allowance for Doubtful Accounts account.
Mar. 29 - Recovery of Uncollectible Account
Debit: Accounts Receivable (Leer Company) $45,000
Credit: Allowance for Doubtful Accounts $45,000
This entry is made to record the recovery of the previously written-off bad debt from Leer Company. The debit to Accounts Receivable reverses the original write-off, and the credit to Allowance for Doubtful Accounts reduces the allowance for doubtful accounts.
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Need help please, I honestly and totally dont understand this
The summary of the article that deals with the financial records of a business is given below
Article Summary?I found an article on Forbes discussing Tesla's recent financial records and Q4 2021 earnings report. The report beat market expectations and Tesla's stock price rose by 8%. The article highlights the importance of monitoring financial records and understanding how they impact a business's success, and the impact that financial performance can have on a company's stock price and overall value.
This article is relevant to entrepreneurship because it highlights the importance of monitoring financial records and understanding how they impact a business's success. Entrepreneurs must be able to analyze their own financial records to determine the health of their business and make informed decisions about future growth and investments.
Based on the strong earnings report, I believe Tesla will continue to perform well in the coming months, as its financial records indicate stability and the market response to the report was positive. However, it is important to consider potential uncertainties and risks.
Link: https://www.forbes.com/sites/greatspeculations/2022/01/27/tesla-reports-strong-fourth-quarter-earnings-stock-price-soars/?sh=6f71e6ec6933
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This project will focus on writing about a current event concerning the financial records of a business. Financial records can include an income statement and a balance sheet. The task is to first find an article that deals with the financial records of a business and then write a summary of the article. In your summary, you should discuss what the financial records are and project how the business will do based on them. During this project, you'll accomplish the following:
Objectives
• Find an article that deals with the financial records of a business and write a summary of the article.
Current Event
Directions
Use the Internet to find an article that deals with the financial records of a business. Once you have found and read your article, record your summary and the link
location using the following format in the box below. Be sure to include the URL links you used as resources in the space below. Submit your work below.
•
Paragraph #1 - Summary of article and link
.
Paragraph #2 - How it relates to entrepreneurship
.
Paragraph #3 - Your opinion of how the business will do in the next few months based on its financial records.
FILL IN THE BLANK. ___ is a nonprofit organization that helps content creators keep copyright to their materials while allowing others to use, copy, or distribute their work.
Keeping their copyright over their works while allowing others to use, reproduce, or distribute them is made easier by a nonprofit organization by the name of Creative Commons.
What are Creative Commons?A nonprofit organization called Creative Commons assists content producers in maintaining their copyright over their creations while enabling others to use, reproduce, or distribute their work.
An American non-profit organization and global network called Creative Commons (CC) is committed to increasing educational access and the variety of creative works that are available for people to use and lawfully build upon.
The company has made a number of Creative Commons licenses, or copyright licenses, available to the public for free.
For the benefit of consumers or other producers, these licenses let writers of creative works specify which rights they waive and which rights they reserve.
Therefore, keeping their copyright over their works while allowing others to use, reproduce, or distribute them is made easier by a nonprofit organization by the name of Creative Commons.
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the population pyramids above represent two countries at different stages of the demographic transition and economic development. a. explain the demographic characteristics of each country above with respect to the demographic transition model.
Country A is in Stage 2, has a young population, a high birth rate, and is still undergoing development. B: Low birth and death rates in a Stage 4 nation with an aging populace. The possibility of Stage 5 exists in an industrialized country.
How do demographic pyramids fit into the framework of demographic change?
Population pyramids and the changing demographic
For instance, Stage 1 is depicted as a strongly tapered pyramid resting on a large base, suggesting high birth rates and high death rates amongst some of the adolescents. Due to excessive mortality, the community only gradually grows and stays quite small.
Whose graphic represents a nation in the so low growth model's stage 2?
If indeed the population pyramid has a triangle-like shape, it is currently in stage 2.
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_________ is an important financial percentage that results by subtracting a project's costs from its benefits and then dividing by the costs.
Return on Investment (ROI) is a financial metric used to evaluate the performance of investments.
It is calculated by subtracting a project's costs from its benefits, and then dividing the difference by the costs. This percentage can then be used to compare different investments and decide which one is the best option.
ROI is an important measure for businesses and investors, as it allows them to determine the expected rate of return for different investments or projects. A higher ROI indicates that the investment is more profitable, as it provides a higher return for the same amount of money invested.
Conversely, a lower ROI indicates that the investment is less profitable, as it provides a lower return for the same amount of money invested.
The ROI calculation can also be used to determine if the cost of a project is justified based on the expected return.
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as discussed in the case and the text, w. l. gore and zappos adopted new organizational structures during periods of growth. in general, most firms follow a predictable pattern of structural change. which of the following best exemplifies this pattern?
Therefore option A is the correct choice.
Structures ranging from basic to practical to multi-divisional
A company's organizational structure describes how tasks are distributed within it to help it accomplish its objectives.
As a business expands, it often goes through several structural phases that are appropriate for its size and help it achieve its objectives more effectively.
The Simple Structure, which is frequently used in smaller enterprises, is where they usually begin. Here, the owner is at the centre of most choices. As the business's only proprietor, the owner is responsible for practically all innovation.
They transition to a functional structure as the business expands. The firm will then be organised according to functions to promote greater specialisation and labour divisions. IT departments, marketing departments, production departments, etc. are a few examples of division by function.
Multidivisional Structures come into play if the firm decides it is best to specialise even further as a result of the continued expansion. In a multidivisonal structure, the business separates into many divisions while retaining a parent organisation. Although the Divisions are highly autonomous and seek various objectives and goods, they are all governed by the main in corporation.
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Note: The complete question would be as bellow,
As discussed in the case and the text, W. L. Gore and Zappos adopted new organizational structures during periods of growth. In general, most firms follow a predictable pattern of structural change. Which of the following best exemplifies this pattern?a. Simple to functional to multidivisional structures
b. Ambidextrous to functional to matrix structures
c. Functional to simple to matrix structures
d. Global to functional to multidivisional structures
e. Simple to matrix to functional structures
the transition from the introduction to growth phase of the industry life cycle features: [see p.209] group of answer choices increasing product differentiation declining innovation offshoring of production product innovation giving way to process innovation
The transition from the introduction to the growth phase of the industry life cycle features, product innovation giving way to process innovation
Product innovation is the process by which businesses create entirely new products or opt to enhance an existing product to gain a competitive edge over rival businesses that make products that are comparable to their own. The industrial life cycle's shift from the introduction to the growth phase is characterised by product innovation giving way to process innovation. The change from the introduction phase to the growth phase of the industry life cycle is frequently characterised by it.
A new product or service introduction, which typically requires significant product innovation, is frequently the emphasis of the introduction phase. The emphasis moves from product innovation to process innovation as the industry reaches maturity and enters the growth phase as businesses look for ways to reorganise their operations, save costs, and boost efficiency. A more significant market share and a long-lasting competitive advantage are the objectives.
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