The correct answer is
1. Income Statement:
STARK COMPANY
Income Statement
For the Year Ended December 31
Services revenue: $220,000
Expenses:
Interest expense: $1,100
Wages expense: $33,000
Insurance expense: $920
Utilities expense: $12,000
Depreciation expense-Buildings: $4,300
Supplies expense: $1,700
Total expenses: $53,020
Net income: $166,980
2. Statement of Retained Earnings:
STARK COMPANY
Statement of Retained Earnings
For the Year Ended December 31
Retained earnings, Dec 31 prior year: $108,400
Add: Net income: $166,980
Total: $275,380
Less: Dividends: $24,400
Retained earnings, Dec 31 current year: $250,980
The income statement presents the revenues and expenses of the company, resulting in the net income for the year. The statement of retained earnings shows the beginning retained earnings, adds the net income, and subtracts the dividends to arrive at the ending retained earnings. To calculate the net income, subtract the total expenses from the services revenue. The statement of retained earnings starts with the beginning retained earnings, adds the net income, and subtracts the dividends to find the ending retained earnings.
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lok company reports net sales of $5,990,000 for year 2 and $7,550,000 for year 3. end-of-year balances for total assets are year 1, $1,607,000; year 2, $1,819,000; and year 3, $1,966,000. (1) compute lok's total asset turnover for year 2 and year 3. (2) lok's competitor has a total asset turnover of 3.0 during year 3. is lok performing better or worse than its competitor on the basis of total asset turnover?
To compute Lok's total asset turnover for year 2 and year 3, we need to divide the net sales by the average total assets for the respective years.
For year 2, the average total assets would be ($1,607,000 + $1,819,000) / 2 = $1,713,000.
So, the total asset turnover for year 2 would be $5,990,000 / $1,713,000 = 3.50.
For year 3, the average total assets would be ($1,819,000 + $1,966,000) / 2 = $1,892,500.
So, the total asset turnover for year 3 would be $7,550,000 / $1,892,500 = 3.99.
Lok's competitor has a total asset turnover of 3.0 during year 3. Since Lok's total asset turnover for year 3 is higher than its competitor, it indicates that Lok is performing better than its competitor on the basis of total asset turnover.
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Details of invoices for purchases of merchands are as follows: Merchandise Freight Terme $2,500 15 ropping point, 1/10, 1/30 7,600 60 FOB destination, 30 1.400 55 Fong point,2/10, 1/30 son 50 FOB destination, 1/10, 30 Returns and Allowances 5200 800 600 . C d. Determine the amount to be pedi settimant of each of the wees, ming that credit for returns once we received prior to payment and there we period b. Details of invoices for purchases of merchandise are as follows: Merchandise Freight Terms Returns and Allowances $2,800 545 FOB shipping point, 1/10, 1/30 $200 7,600 60 FOB destination, w30 800 1,400 55 FOB shipping point, 2/10, 1/30 600 500 50 FOB destination, 1/10, 1/30 0 Determine the amount to be paid in full settlement of each of the invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. C d. a. b. c. d. S
The amount to be paid in full settlement of each of the invoices after considering returns and allowances and within the discount period is $2,119.50
Invoice 1:
Merchandise cost: $2,500
Freight: $375 (15% of $2,500)
Subtotal: $2,875
Less: Returns and allowances: $520
Net amount: $2,355
Discount (1/10): $235.50
Amount to be paid: $2,119.50
Invoice 2:
Merchandise cost: $7,600
Freight: $0 (FOB destination)
Subtotal: $7,600
Less: Returns and allowances: $800
Net amount: $6,800
Discount (30): $2,040
Amount to be paid: $4,760
Invoice 3:
Merchandise cost: $1,400
Freight: $77 (55% of $1,400)
Subtotal: $1,477
Less: Returns and allowances: $600
Net amount: $877
Discount (2/10): $175.40
Amount to be paid: $701.60
Invoice 4:
Merchandise cost: $500
Freight: $0 (FOB destination)
Subtotal: $500
Less: Returns and allowances: $0
Net amount: $500
Discount (1/10): $50
Amount to be paid: $450
The total amount to be paid in full settlement of all invoices after considering returns and allowances and within the discount period is:
$2,119.50 + $4,760 + $701.60 + $450 = $8,031.10
The terms of each invoice refer to the discount offered for early payment. The first number represents the discount percentage and the second number represents the number of days within which the payment must be made to avail the discount. For example, 1/10 means a discount of 1% if paid within 10 days.
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The growth of commerce and industry allowed more americans the chance to become prosperous without:_____________ capital marrying having an education
The growth of commerce and industry allowed more Americans the chance to become prosperous without necessarily having significant capital, marrying into wealth, or even having a formal education.
This was due to the availability of new job opportunities in various industries, from manufacturing to finance, and the rise of entrepreneurship. With access to new technologies and transportation, individuals were able to create new businesses and expand existing ones, leading to increased economic growth and social mobility.
However, it should be noted that while these opportunities were more widely available than in previous eras, factors such as race, gender, and socioeconomic status still played a significant role in determining an individual's access to and success in the business world.
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y3k, incorporated, has sales of $4,600, total assets of $2,840, and a debt-equity ratio of 1.20. if its return on equity is 12 percent, what its net income?
Given the sales, total assets, and debt-equity ratio, we can calculate the net income to be $155.02, assuming a return on equity of 12%.
To calculate the net income of Y3K, Incorporated, we need to use the formula:
Net Income = Return on Equity * Equity
To find equity, we need to use the debt-equity ratio formula:
Debt-Equity Ratio = Total Debt / Equity
Rearranging the formula, we can solve for equity:
Equity = Total Assets - Total Debt
Substituting the values given:
Equity = $2,840 - ($1.20 * Equity)
Equity = $2,840 / 2.20
Equity = $1,291.82
Now, we can calculate the net income:
Net Income = 12% * $1,291.82
Net Income = $155.02
Therefore, the net income of Y3K, Incorporated is $155.02.
In summary, we can calculate the net income of Y3K, Incorporated by using the return on equity formula and the debt-equity ratio formula to find equity.
Given the sales, total assets, and debt-equity ratio, we can calculate the net income to be $155.02, assuming a return on equity of 12%.
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To determine the net income of Y3K, Incorporated, which has sales of $4,600, total assets of $2,840, and a debt-equity ratio of 1.20, we will follow these steps:
1. Calculate the company's equity: The debt-equity ratio is defined as total debt divided by total equity. Using the given debt-equity ratio of 1.20, we can set up an equation to find the company's equity:
Debt / Equity = 1.20
We also know that the total assets equal the sum of debt and equity, so:
Debt + Equity = $2,840
2. Solve for debt and equity: Using the two equations above, we can solve for debt and equity:
Debt = 1.20 * Equity
Debt + Equity = $2,840
Substituting the first equation into the second equation:
(1.20 * Equity) + Equity = $2,840
2.20 * Equity = $2,840
Now, we can solve for equity:
Equity = $2,840 / 2.20
Equity ≈ $1,290.91
3. Calculate the net income: Given the return on equity (ROE) is 12%, we can calculate the net income as follows:
Net Income = ROE * Equity
Net Income = 0.12 * $1,290.91
Net Income ≈ $154.91
So, the net income for Y3K, Incorporated is approximately $154.91.
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This week we will be assessing episode 2 of John Adams. Please answer the following questions:Q1. In episode 2 there was a very interesting exchange, where she says: "Do women not live politics. When I g to to the cupboard and there is no bread, coffee, meat; do we not love politics?" "I won't mention slaves for that matter," and I won't approach the subject out of fear of upsetting your southern friends." Abigail Adams brings a salient point. What of the position of women, slaves, Native Americans, and poor whites during this era? This debate/exercise in independence did not consider their positions nor did it serve their cause. Describe in detail.
During the era of the American Revolution, the position of women, slaves, Native Americans, and poor whites was generally marginalized, as their rights and interests were not adequately represented in the debates and decisions concerning independence.
1. Women: Women during this time had limited rights, and their roles were predominantly confined to the domestic sphere. They were not allowed to vote or hold public office, and their opportunities for education and employment were restricted.
2. Slaves: Slavery was a prevalent institution in the American colonies, especially in the South. Slaves were considered property, denied basic human rights, and had no voice in the political process.
3. Native Americans: Native Americans were generally viewed as obstacles to colonial expansion and progress. Their rights to land and self-governance were not recognized, leading to displacement, conflict, and ultimately, forced removal from their ancestral lands.
4. Poor Whites: Poor whites, especially in rural areas, faced economic hardships and lacked access to education and resources. Their limited political influence often resulted in a lack of representation in the decision-making process.
While the American Revolution aimed to establish independence and freedom, the positions of women, slaves, Native Americans, and poor whites were not fully considered in this pursuit. Their rights and interests were largely overlooked, reflecting the limited scope of the revolutionary ideals at the time.
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the most beneficial plan when facing significant change in the external environment is a plan.
When facing significant change in the external environment, the most beneficial plan is a flexible and adaptive plan. This type of plan acknowledges the dynamic nature of the business world and allows organizations to effectively respond to unforeseen circumstances. By being both proactive and reactive, a flexible and adaptive plan can provide a competitive advantage and lead to long-term success.
Firstly, a flexible plan considers various possible scenarios and includes alternative courses of action. This approach helps organizations to be prepared for a wide range of outcomes and allows them to pivot quickly when required. It involves continuously monitoring the external environment, identifying trends, and updating strategies accordingly.
Secondly, an adaptive plan involves ongoing learning and improvement. Organizations should be open to feedback, new ideas, and innovative solutions to challenges. They must be willing to reevaluate their assumptions and adjust their strategies in response to new information. By fostering a culture of continuous learning and development, organizations can stay ahead of the curve and capitalize on opportunities that arise from external changes.
In conclusion, a flexible and adaptive plan is crucial when facing significant change in the external environment. By being prepared for multiple scenarios, learning from feedback, and continuously updating strategies, organizations can navigate through uncertainties and thrive in a constantly changing landscape. Embracing this type of plan is essential for long-term success and growth.
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true/false. the economy is in long-run equilibrium when the short-run aggregate supply and the aggregate demand curve intersect at a point: answer unselected to the right of the long-run aggregate supply curve unselected to the left of the long-run aggregate supply curve unsure i am unsure on the long-run aggregate supply curve
The true statement is the economy is in long-run equilibrium when the short-run aggregate supply and the aggregate demand curve intersect at a point: on the long-run aggregate supply curve. Option A is correct.
The economy is in long-run equilibrium when the short-run aggregate supply (SRAS) and the aggregate demand (AD) curve intersect at a point on the long-run aggregate supply (LRAS) curve. In this situation, the economy is operating at its potential output level, and resources are fully utilized.
In the short run, the intersection of the short-run aggregate supply and aggregate demand curves determines both the price level and the level of output, which may be above or below potential output. Long-run equilibrium occurs when the economy is operating at potential output, which is the level of output that can be sustained in the long run without putting upward pressure on inflation.
In the long run, the aggregate supply curve is vertical at potential output, and the intersection of the aggregate demand curve with the long-run aggregate supply curve determines the price level.
Therefore, the correct answer is A) on the long-run aggregate supply curve.
The economy is in long-run equilibrium when the short-run aggregate supply and the aggregate demand curve intersect at a point:
A) on the long-run aggregate supply curve
B) to the right of the long-run aggregate supply curve
C) to the left of the long-run aggregate supply curve
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Background information and a link to the news story Read the following article, which introduces the concept of Treasury bills and the relationship between their yield and price. Then answer the question that follows HOW DO T-BILL YIELDS GO NEGATIVE? BY THE APLIA ECONOMICS CONTENT TEAM The week of September 15, 2008, was ripe with volatility inU.S. financial markets. Events unfolding in the wake of the mortgage crisis made Investors extremely fearful. One result of this fear was a flight to quality as investors sought to avold risk by moving their funds into the safest asset classes. U.S. Treasury securities (or "Treaturies, as they're commonly known) are one such asset class, considered to have virtually no risk An article from the Associated Press (Madlen Road, "Treasures Dip on RTC Speculation, but Anxiety High." September 18, 2008) discusses some of the factors that led investors to bid up the prices of 3-month United States Tonsury bills (Tbilis) to such an extent that theit yields fail to a shockingly low level. Before 2008, the last time the T-bill yield was negative was 1940, in the early stages of World War II. According to the article According to the article, which of the following statements correctly describes the relationship between the yields on Treasures and the prices of Treasures They move in opposite directions They are unrelated Federal law requires Treasury prices to be set such that Treasury yieldsare always positive. They are positively related
Based on the article, the relationship between the yields on Treasuries and the prices of Treasuries is that they move in opposite directions.
When investors sought to avoid risk and moved their funds into the safest asset classes, such as Treasuries, it caused a flight to quality and bid up the prices of Treasuries. This resulted in the yields on Treasury bills going negative, which was a rare occurrence that last happened in 1940.
It is important to note that Federal law requires Treasury prices to be set such that Treasury yields are always positive, but in this case, market forces caused the yields to go negative.
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a A homeowner is considering buying a one-year fire insurance policy. They are told that there is a 0.6% chance that their house their house will burn down within the year, and it will cost $120,000.00 to rebuild the house. They find a one-year full-coverage fire insurance policy for $1,200.00. What is the expected value of this policy for the insurance company? Preview $ 450.
What is the expected value of this policy for the homeowner? Preview $ 450
The expected value of this policy for the insurance company is $480, and the expected value for the homeowner is -$480.
To find the expected value of the policy for the insurance company and the homeowner, we'll first calculate the potential outcomes and their probabilities.
1. The house doesn't burn down (99.4% chance):
- Insurance company gains $1,200 (premium payment)
- Homeowner loses $1,200 (premium payment)
2. The house burns down (0.6% chance):
- Insurance company loses $118,800 ($120,000 payout - $1,200 premium)
- Homeowner gains $118,800 ($120,000 received - $1,200 premium)
Now, we'll calculate the expected values for both parties:
Expected value for insurance company:
(0.994 x $1,200) + (0.006 x -$118,800) = $1,192.80 - $712.80 = $480
Expected value for homeowner:
(0.994 x -$1,200) + (0.006 x $118,800) = -$1,192.80 + $712.80 = -$480
So, the expected value of this policy for the insurance company is $480, and the expected value for the homeowner is -$480.
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compared with traditional media (magazines, newspapers, television), what is the marketing advantage of social media?
The marketing advantage of social media lies in its ability to reach a targeted audience, facilitate interactive engagement with customers, and generate user-generated content that can build brand awareness and loyalty.
One of the main advantages of social media for marketing is its ability to reach a highly targeted audience at a lower cost compared to traditional media.
With social media platforms, businesses can use data and analytics to identify and engage with specific demographics, interests, and behaviors of potential customers.
This means that businesses can tailor their marketing messages to a more specific and receptive audience, resulting in higher engagement and conversion rates.
Social media also allows for more interactive and personalized engagement with customers. Businesses can use social media to directly communicate with customers, respond to inquiries, and provide customer service.
This creates a more personal and engaging experience for customers, which can build brand loyalty and advocacy. Furthermore, social media provides the opportunity for user-generated content, where customers share their experiences and opinions about a brand or product.
This can provide valuable insights and social proof for potential customers, as well as free promotion for the business.
Overall, the marketing advantage of social media lies in its ability to reach a targeted audience, facilitate interactive engagement with customers, and generate user-generated content that can build brand awareness and loyalty.
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Fiscal policy may be ineffective if households expect:_____________ problems of timing future reversals of policy the crowding-out effect political considerations
Fiscal policy may be ineffective if households expect future reversals of policy.
This is because households may not adjust their spending and saving behavior in response to the policy changes if they believe that the policy will be reversed in the near future. Additionally, concerns about the timing of future reversals and the potential crowding-out effect of government spending on private investment can also limit the effectiveness of fiscal policy.
Political considerations can also play a role, as households may be skeptical of the motives and effectiveness of policymakers, leading them to discount the impact of fiscal policy on their behavior.
These factors can cause households to doubt the effectiveness of fiscal policy and may lead to altered consumer behavior, ultimately diminishing the intended impact of the policy measures.
Therefore, the correct answer is option b. future reversals of policy.
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Fill in the blank.
an asset's ____ is the ease with which it can be converted quickly into the most widely accepted and easily spent form of money, cash, with little or no loss of purchasing power.
An asset's liquidity is the ease with which it can be converted quickly into the most widely accepted and easily spent form of money, cash, with little or no loss of purchasing power.
Purchasing power refers to the ability of an individual, household, or country to purchase goods and services with a given amount of money. It is determined by the relationship between the amount of money and the prices of goods and services in the market.
For instance, if the price of a basket of goods and services is $100 in Country A and $120 in Country B, then an individual with $100 in Country A has more purchasing power than an individual with the same amount in Country B, because they can purchase more goods and services in Country A.
Factors that affect purchasing power include inflation, exchange rates, and the cost of living. Inflation reduces the purchasing power of money over time, while a weaker currency reduces the purchasing power of individuals and countries that import goods from other countries.
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raold operates a fast-food restaurant. he is under contract to the organization under whose name he does business. the contract limits what raold can do with his business. raold is a
Answer: franchisee.
Explanation:
Raold operates a fast-food restaurant under a contract with an organization that limits his control over the business.
This means that he must comply with the terms of the contract and cannot make significant changes or decision-making without the approval of the organization.
The organization likely has a strong brand and reputation that Raold benefits from, but in return, he must adhere to their guidelines and maintain certain standards.
While this may limit Raold's autonomy, it also provides him with support and resources that he may not have access to if he were operating independently. Ultimately, it is up to Raold to weigh the benefits and drawbacks of the contract and decide if it is worth it for his business.
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A _______________is the price of one currency, such as the dollar, in terms of another, such as the euro. group of answer choices stock exchange index securities market rate commodities exchange rate foreign exchange rate
A foreign exchange rate is the price of one currency, such as the dollar, in terms of another, such as the euro.
For a more detailed answer, foreign exchange rates are determined by the supply and demand for each currency in the global market. They are influenced by factors such as international trade, political events, economic indicators, and central bank policies.
The fluctuations in exchange rates can impact various industries and businesses, as well as individuals who travel or send money abroad.
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dr. white deposits $2,000 in a brokerage account that yields 8% compounded semiannually, how much money will he have in the account in 20 years?
We can use the formula for compound interest to determine the balance of Dr. White's brokerage account after 20 years of compounding at a rate of 8% per year, compounded semiannually.
The formula for compound interest is:
[tex]A = P(1 + r/n)^(nt)[/tex]
Where:
A = the amount of money in the account after t years
P = the principal amount (the initial deposit)
r = the annual interest rate (as a decimal)
n = the number of times the interest is compounded per year
t = the number of years
In this case, P = $2,000, r = 0.08, n = 2 (since interest is compounded semiannually), and t = 20. Substituting these values into the formula, we get:
[tex]A = $2,000(1 + 0.08/2)^(2×20)\\A = $2,000(1 + 0.04)^40\\A = $2,000(1.04)^40[/tex]
A = $2,000(3.66314)
A = $7,326.28 (rounded to the nearest cent)
Therefore, Dr. White will have $7,326.28 in his brokerage account after 20 years of compounding at a rate of 8% per year, compounded semi annually.
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you are forecasting incremental free cash flows for daily enterprises. based on the information in problems 1 and 2, what are the incremental free cash flows associated with the new machine?
To calculate the incremental free cash flows associated with the new machine for Daily Enterprises, we need to consider the following:
1. Initial investment: Daily Enterprises is planning to invest $500,000 in the new machine, which is the initial cash outflow.
2. Operating cash inflows: The new machine is expected to generate additional operating cash inflows of $100,000 per year for the next five years. This is the incremental cash inflow.
3. Operating cash outflows: The new machine will require additional operating cash outflows of $20,000 per year for the next five years for maintenance and repairs. This is the incremental cash outflow.
4. Terminal value: After five years, Daily Enterprises plans to sell the new machine for $200,000. This is the terminal cash inflow.
Using these inputs, we can calculate the incremental free cash flows associated with the new machine as follows:
Total incremental free cash flows = -$500,000 + $400,000 + $200,000 = $100,000
So, the incremental free cash flows associated with the new machine for Daily Enterprises is $100,000.
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76Q. You should waive all buyout fees when an active military member cancels their membership due to active military deployment.
Waiving all buyout fees for active military members is a simple yet meaningful way to show support and appreciation for their service and sacrifice. It is important for businesses and organizations to recognize the unique needs of military members and provide flexible and accommodating policies to support them.
To address the issue of buyout fees for active military members, it is important to recognize the unique circumstances and challenges faced by these individuals during their service. Military members may be required to deploy or relocate frequently, often with little notice or control over their schedules. As such, it is important to show support and flexibility for these individuals in any way possible.
One way to do this is by waiving all buyout fees when an active military member cancels their membership due to active military deployment. This allows military members to focus on their duties without worrying about additional financial burdens, and demonstrates a commitment to supporting our troops and their families.
Furthermore, it is important to note that this policy should apply not only to the initial sign-up period, but also throughout the duration of the membership. If a military member is required to relocate or deploy during their membership, they should be able to cancel without penalty or additional fees.
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what is an example of a move to reorganize? multiple choice reducing the labor force within your business revising plans by creating contingency plans managing by objectives and clearing pathways for success developing a way to monitor financial success
The following is an example of a move to reorganize: Reducing the labor force within your business. The correct option is A.
Reorganizing refers to the process of making changes within a business or organization to improve its efficiency or profitability. A reorganization may involve restructuring the company's management, revising the company's mission or goals, or changing the company's structure.
Out of the options given, reducing the labor force within a business is an example of a move to reorganize. This is because reducing the number of employees can help a company become more efficient and reduce costs, which can improve profitability. While it can be a difficult decision to make, it may be necessary to ensure the long-term success of the business.
Revising plans by creating contingency plans, managing by objectives and clearing pathways for success, and developing a way to monitor financial success are all important steps that a business can take, but they are not necessarily examples of reorganizing.
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Complete question:
Which of the following is an example of a move to reorganize?
A. Reducing the labor force within your business
B. Revising plans by creating contingency plans
C. Managing by objectives and clearing pathways for success
D. Developing a way to monitor financial success
Montana Mining Co pays $3.776.180 for an ore deposit containing 1,532,000 tons. The company installs machinery in the mine costing $163,200, which will be abandoned when the are is completely mined. Montana mines and sells 153,000 tons of ore during the year Prepare the year-end entries to record both the ore deposit depletion and the mining machinery depreciation Mining machinery depreciation should be in proportion to the mine's depletion (Do not round intermediate calculations. Round your final answers to the nearest whole number.) Record the year-end adjusting entry for the depreciation expense of the mining machinery Note: Enter debits before credits.
The depletion and depreciation expense should be allocated to the ore sold during the year, and any remaining balance of the depletion and depreciation should be carried forward to the next year. Depreciation Expense 3,787, Accumulated Depreciation 3,787
First, we need to calculate the depletion rate per ton of ore:
Depletion rate per ton = Total cost of the deposit / Total tons of ore = $3,776,180 / 1,532,000 tons = $2.4642 per ton
Year-end entry to record ore deposit depletion:
Depletion Expense = Depletion rate per ton x Tons sold
Depletion Expense = $2.4642 x 153,000 = $376,862.60
Depletion Expense 376,863
Accumulated Depletion 376,863
Year-end entry to record mining machinery depreciation:
Depreciation Expense = Depreciation rate x Depreciable cost
Depreciable cost = Cost of machinery - Salvage value
Salvage value = $0 (abandoned when mine is depleted)
Depreciable cost = $163,200
Depreciation rate = Depletion rate per ton x Tons sold / Depreciable cost
Depreciation rate = ($2.4642 x 153,000) / $163,200 = 2.3214%
Depreciation Expense = 2.3214% x $163,200 = $3,787.45
Depreciation Expense 3,787
Accumulated Depreciation 3,787
Year-end adjusting entry for the depreciation expense of the mining machinery:
Depreciation Expense 3,787
Accumulated Depreciation 3,787
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a simple method of determining when an item should be cycle counted is to: question 15 options: count when the item is ordered. count each time the item is picked. count each item once per month. count items that have been in storage for a given period of time. count items that don't appear to be used often.
A simple method of determining when an item should be cycle counted is to count when the item is ordered. In this approach, you perform a cycle count every time an order for the item is placed, ensuring the inventory level is accurate and well-maintained.
A simple method of determining when an item should be cycle counted is to count items that don't appear to be used often. This can help ensure that inventory levels remain accurate and that stock levels are not excessively high or low. It is important to have an ordered and organized system for cycle counting to ensure that all items are counted on a regular basis. Counting each item once per month can be an effective method for maintaining accurate inventory levels.
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a company should carefully consider the balance between its external and internal recruiting and decide how that balance affects the_____of the organization.
A company should carefully consider the balance between its external and internal recruiting and decide how that balance affects the performance and sustainability of the organization.
The balance between external and internal recruiting plays a crucial role in the success of an organization. Internal recruitment is a process of filling job vacancies within the organization through the promotion or transfer of existing employees, while external recruitment involves bringing in new employees from outside the organization.
Both methods have their advantages and disadvantages, and the balance between the two can significantly affect the organization's performance and sustainability.
An over-reliance on internal recruitment may lead to a lack of diversity in the workforce, as well as limited access to new talent, ideas, and perspectives. On the other hand, an over-reliance on external recruitment may lead to high turnover rates and a lack of loyalty among employees.
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In a traditional economy, decisions about which goods are produced are
based on:
A. what businesses believe will generate the most profits.
B. what the local community has made for generations.
C. what the government decides is important for society.
D. what goods are most likely to sell in international markets.
In a traditional economy, decisions about which goods are produced are based on B. what the local community has made for generations.
What is traditional economy?A traditional economy can be described as the system which involves the practice whereby the goods production as well as the distribution is been directed trhough the activities of by time-honored beliefs.
It should be noted that in this sytem the culture, and traditions are been seen as the catalyst that help in the process of production as well as distribution of goods as well as service.
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carol has determined that along the share-development path, she estimates that her business should perform at a 90% level of product awareness, 50% in product preference, 80% in intentions to purchase, 80% in product availability, and 70% in rate of purchase. carol's actual market share is equal to 9%. what is the approximate share development index (sdi) for carol's business?
Based on the given information, Carol has estimated the expected performance of her business along the share-development path in terms of product awareness, product preference, intentions to purchase, product availability, and rate of purchase. Therefore, the approximate SDI for Carol's business is 133.63%.
However, her actual market share is only 9%.
To calculate the approximate share development index (SDI) for Carol's business, we need to use the following formula:
SDI = (Actual market share / Expected market share) x 100
Expected market share is the product of all the estimated percentages of performance along the share-development path. Expected market share = 90% x 50% x 80% x 80% x 70% = 6.72%
Now, substitute the values in the formula:
SDI = (9% / 6.72%) x 100
SDI = 133.63%
Therefore, the approximate SDI for Carol's business is 133.63%. This indicates that her business is performing better than expected in terms of market share, and has a higher market share than what was estimated based on performance along the share-development path.
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a free decorated plastic storage box given with the purchase of huggies gentle care sensitive baby wipes is an example of
The free decorated plastic storage box given with the purchase of Huggies Gentle Care Sensitive baby wipes is an example of a promotional offer.
This type of promotion is commonly used by companies to increase sales and build brand loyalty. By offering a free gift with the purchase of a product, the company is incentivizing customers to choose their brand over competitors. In this particular example, the free storage box is a useful item for parents who need to store baby wipes and other baby-related items.
By providing this item for free, Huggies is enhancing the value of its product and making it more attractive to customers. Additionally, the decorative design of the storage box may appeal to parents who are looking for stylish and functional baby products.
Promotional offers like this one can be effective in boosting sales and attracting new customers. They can also help to build brand loyalty and encourage repeat business. By offering a free gift with a purchase, companies are providing an added incentive for customers to choose their brand over others. Overall, this type of promotional strategy can be a valuable tool for companies looking to increase sales and build their brand.
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now you are understand or not pls let me know ? and
give this answer soon as possible
11 1 21314 1 5 16 17 18 1 1 101 11 1 13 114 11 Jim's Accounting Service Co.
Adjusted Trial Balance
For Year Ended December 31, 2021
Account
Debit. Credit
Cash $3,050
Accounts receivable 400
Office supplies 830
Prepaid insurance 80 Long term note receivable 4,200 Land 98,000
Equipment 115,000
Accumulated depreciation, Equipment $1,100
Building 98,000
Accumulated depreciation, Building. 28,000
Customer list 900
Notes payable 11,000
Unearned accounting fees earned. 3,000
Salaries payable 7,000
Jim's, capital 10,000
Sim's, withdrawals 5,000 Accounting fees earned 274,500
Depreciation expense, Building. 500
Depreciation expense, Equipment. 600
sance expense 100
The adjusted trial balance presented shows the debit and credit balances of various accounts of Jim's Accounting Service Co. for the year ended December 31, 2021.
The accounts with debit balances include:
Cash ($3,050)
Accounts receivable ($400)
Office supplies ($830)
Prepaid insurance ($80)
Long term note receivable ($4,200)
Land ($98,000)
Equipment ($115,000)
Customer list ($900)
Notes payable ($11,000)
Unearned accounting fees earned ($3,000)
Salaries payable ($7,000)
Depreciation expense, Building ($500)
Depreciation expense, Equipment ($600)
Supplies expense ($100)
The accounts with credit balances include:
Accumulated depreciation, Equipment ($1,100)
Building ($98,000)
Accumulated depreciation, Building ($28,000)
Jim's, capital ($10,000)
Sim's, withdrawals ($5,000)
Accounting fees earned ($274,500)
debit and credit balances of all accounts are equal, indicating that the books are in balance.
This adjusted trial balance is used to prepare the financial statements of the company, such as the income statement, balance sheet, and statement of cash flows. It is also used to help identify any adjusting entries that may be necessary at year-end to ensure accurate financial reporting.
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__________ is concerned with executing a strategy, not making strategy. this type of control functions within the framework the strategy establishes, such as standards, objectives, goals for business units, products, projects, and functions.
Answer: "Operational Control."
Operational control focuses on the execution of a strategy and ensures that all activities within an organization align with the strategic framework. It functions within the boundaries of the strategy and is responsible for ensuring that the plan is executed effectively and efficiently. This involves setting performance standards, monitoring progress, and making adjustments as needed to achieve objectives. This type of control ensures that the strategy is carried out as intended and helps to achieve the desired outcomes.
Mid-level management uses operational controls for intermediate-term decisions, typically over one to two years. When performance does not meet standards, managers enforce corrective actions, which may include training, discipline, motivation, or termination.
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Question 25 (4 points) Kamara's Cleats Inc. is an international sports retailer. Kamara will frequently purchase goods from foreign suppliers at prices that are only renegotiated once a year. Meaning that individual transactions might be affected by a fluctuation in exchange rates. Because of this, Kamara might have what type of exposure? a) Translation b) Economic c) Exchange d) Forward e) Transaction
Transaction exposure refers to the risk that a company faces when it has a financial transaction denominated in a foreign currency, and the exchange rate fluctuates between the time the transaction is initiated and the time it is settled.
In Kamara's case, since they frequently purchase goods from foreign suppliers, they are exposed to the risk that the exchange rate will fluctuate between the time they negotiate the price and the time they pay for the goods. Therefore, they have a transaction exposure. Translation exposure, on the other hand, refers to the risk that a company faces due to fluctuations in exchange rates when translating financial statements into a different currency.
Economic exposure refers to the risk that a company faces due to changes in macroeconomic conditions such as interest rates, inflation, and government regulations. Exchange exposure and forward exposure are not commonly used terms in finance.
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The following income relates to a proprietorship registered as a BMBE: Gross income from sales P400,000 Dividend income - domestic corporation 9,000 Interest on bank deposits 6,800 Compute the total exclusion from gross income.A. 415,800
B. 400,000
C. 15,800
D. Zero
The correct answer is C. 15,800. Under the BMBE law, registered businesses are entitled to certain tax incentives including an income tax exemption for their first Php 150,000 annual income.
In this case, the gross income from sales is Php 400,000, but the first Php 150,000 is exempted, leaving a taxable income of Php 250,000.
Dividend income from the domestic corporation and interest on bank deposits are not covered by the BMBE income tax exemption, so the total exclusion from gross income would only be the Php 150,000 exemption for the gross income from sales.
Therefore, the total exclusion from gross income would be Php 150,000, and the taxable income would be Php 250,000.
Adding the dividend income of Php 9,000 and interest on bank deposits of Php 6,800 to the taxable income of Php 250,000 would give a total gross income of Php 265,800. However, only Php 150,000 is exempted, leaving a taxable income of Php 115,800.
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2) in the absence of loan fees, does repaying a loan early ever affect the actual or true interest cost to the borrower?
Yes, repaying a loan early can affect the actual or true interest cost to the borrower, even in the absence of loan fees.
When a borrower repays a loan early, they are effectively reducing the amount of time that the loan accrues interest. This means that the total amount of interest that the borrower pays over the life of the loan will be lower than if they had made all of their scheduled payments. However, it's important to note that some loans have prepayment penalties, which can offset the savings from early repayment. In general, though, early repayment can be a smart financial move for borrowers looking to save on interest costs.
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At Shape Up, the head of the personal training department meets with a lower-level manager from the advertising department to determine the best way to sell the gym's new personal training membership package. All communications between them would be considered ________ communication.
asynchronous
grapevine
lateral
horizontal
diagonal
The communication between the head of the personal training department and the lower-level manager from the advertising department would be considered horizontal communication, as they are both at similar levels of the organizational hierarchy and are collaborating to achieve a common goal.
The communication between the head of the personal training department and the lower-level manager from the advertising department at Shape Up would be considered diagonal communication. This is because diagonal communication occurs when individuals from different levels and departments within an organization communicate with each other.
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