Answer:
August 15, 2020
Dr Cash $258,594
Dr Due from factor $11,004
Dr Loss on sale of receivables $9,172
Cr Accounts receivable $275,100
Cr Recourse liability $3,670
Explanation:
Preparation of the journal entry on August 15, 2020, for Kingbird to record the sale of receivables
August 15, 2020
Dr Cash $258,594
($275,100+$3,670-$9,172-$11,004)
Dr Due from factor $11,004
Dr Loss on sale of receivables $9,172
Cr Accounts receivable $275,100
Cr Recourse liability $3,670
(Being to record the sale of receivables)
Calculation for Due from factor
Due from factor = $275,100 * 0.04
Due from factor = $11,004
Calculation for Loss on sale of receivables
Loss on sale of receivables = ($275,100 * 2%) + $3,670
Loss on sale of receivables = $5,502 + $3,670
Loss on sale of receivables = $9,172
what is Financial equilibrium
Answer:
Equilibrium is the state in which market supply and demand balance each other, and as a result prices become stable.
Bill was severely injured by an uninsured driver. Bill did not purchase uninsured motorists coverage, and the other driver, although held liable, could not pay the damages awarded. After exhausting other sources of recovery, Bill learned that his state is one of a few states that has a special fund to compensate innocent accident victims. These state funds are called
A) guaranty funds.
B) unsatisfied judgment funds.
C) rainy-day funds.
D) second injury funds.
A guarantee funds.........
Match the personal accounts to their categories.
checking accounts
time deposit account
certificate of deposit
account
money market account
transaction accounts
Deposit Account
Savings Account
A personal bank account is one that is opened in order to receive, save, and expend funds for personal purposes. There are different types of Personal Bank Accounts. They are:
Checking Account
A checking account is a very liquid account kept for the purpose of keeping and withdrawing cash deposits at a financial institution such as a bank.
Transaction AccountsA transactional account is also called a checking account in some cases. As the name implies, it is used for transactions starting from when one recieves their salary, then for payment of bills after which the balance is moved to a saving account.
Time Deposit AccountThis is an account that bears interest where money is fixed for some time in exchange for an above-average interest on such money. An example is a certificate of deposit.
Money Market AccountIt is an account that yields interest but one that is typical to credit unions. It is a hybrid account because it has features of the checking account and the savings account. One of such features is that it offers a higher interest rate than traditional savings or checking accounts.
Deposit AccountThis is the same thing as a regular Savings Account. Traditionally, it comes with a guaranteed interest rate valid on specified dates.
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Answer:
Explanation:
Deposit account Savings account
Checkings account Time deposit accounts
Transaction account Certificate of deposit
Money Market account
(Scenario: A Small-Town Monopolist) Use Scenario: A Small-Town Monopolist. If this monopolist must choose between selling 100 or 175 subscriptions, it will choose to sell _____ units at a price of _____ and earn economic profits equal to _____. Scenario: A Small-Town Monopolist A monopolist sells cable subscriptions in a small town and finds that it can sell 100 subscriptions when the price is $15 a week and 175 subscriptions when the price is $10 a week. The MC for the provision of the cable is $5 a week. There are no fixed costs.
Answer:
100 units , $15 , $1000
Explanation:
Marginal cost = $5
Number of subscriptions = 100 $15 a week
Number of subscriptions = 175 $10 a week
Determine the number of units to be sold between 100 and 175 units
when he sells 100 units
Revenue = price * quantity = 15 * 100 = $1500
missed opportunity = MC * Q = 5 * 100 = $500
profit made = Revenue - missed = $1500 - $500 = $1000
When he sells 175 units
Revenue = price * quantity = 10 * 175 = $1750
missed opportunity = MC * Q = 5 * 175 = $875
profit made = Revenue - missed = $1750 - $875 = $875
Therefore to earn maximum profit ;
sell 100 units at $15 and make an economic profit = $1000
The following exchange demonstrates which problem solving technique?
We pay higher costs than we need to when we go bowling because we don’t own our own equipment.
a.
Fishbone Diagram
b.
Five Whys
c.
Cluster Mapping
d.
Brainstorming
Answer:
a. Fishbone Diagram
Explanation:
The problem-solving process can be defined as the systematic approach used to identify and determine the solution to a particular problem.
The steps involved in the problem-solving process are;
1. Identify and define the problem.
2. Gathering of information.
3. Consider your options.
4. Weigh disadvantages and evaluate a solution.
A Fishbone diagram is also referred to as Ishikawa diagram and it can be defined as a cause and effect diagram that is typically used by managers to identify possible reasons for failure, defect, variation, imperfection, so as to discover the root cause of a problem and proffering the right solution. It was designed and developed by Professor Kaoru Ishikawa in the 1960s.
Cause and effect can be defined as the relationship between two things or events in which an occurrence one (cause) leads to the occurrence of another (effect).
Hence, the following exchange "We pay higher costs than we need to when we go bowling because we don’t own our own equipment." demonstrates the Fishbone diagram.
You received an envelope from your current credit card company. It contained a new unsolicited credit card and the usual enticing offers. The instructions were (a) to sign your new card immediately and to call a toll-free number to activate your card or (b) if you do not want the new card, to call a toll free number to close your account. What steps should you take to protect yourself from scammers and identity thieves
Answer:
b
Explanation:
have u tried c
explain why the women cannot see the reflection of her toes?
Answer:
there is nothing to reflect out of
You are considering a stock investment in one of two firms (NoEquity, Inc., and NoDebt, Inc.), both of which operate in the same industry and have identical operating income of $32.5 million. NoEquity, Inc., finances its $65 million in assets with $64 million in debt (on which it pays 10 percent interest annually) and $1 million in equity. NoDebt, Inc., finances its $65 million in assets with no debt and $65 million in equity. Both firms pay a tax rate of 30 percent on their taxable income. Calculate the net income and return on assets for the two firms. Return on assets = net income / total assets Accounting equation: total assets = total liabilities debt + total equity
Answer:
A. NoEquity $18.27million
NoDebt $22.75million
B. NoEquity 28.11%
NoDebt 35%
Explanation:
A. Calculation to determine the net income
NoEquity Inc., NoDebt Inc.,
Operating income $32.5 million $32.5 million
Less: Interest $6.4 million $0
($64m × 0.1)
Taxable income $ 26.10million $32.5 million
Less: Taxes (30%) ($7.83million) ($9.75million)
NET INCOME $18.27million $22.75million
Therefore The Net income for the two firms are :
NoEquity $18.27million
NoDebt $22.75million
B. Calculation to determine the Return on assets
NoEquity
Return on assets =$18.27million/$65 million
Return on assets =0.2811*100
Return on assets =28.11%
NoDebt
Return on assets = $22.75million/$65 million
Return on assets =0.35*100
Return on assets =35%
Therefore The return on assets for the two firm are:
NoEquity 28.11%
NoDebt 35%
Karina made $660 in gross pay. Her employer withheld $97.62 in total federal, state, and FICA taxes from her check. How much is her net pay?
Answer: $562.38
Explanation:
Net pay refers to the amount that a person gets after deductions such as taxes have been made from their salary:
Karina net pay = Gross pay - Total federal, state, and FICA taxes
= 660 - 97.62
= $562.38
Congress passed a law allowing widespread oil exploration on federal lands in the western United States. A large deposit of oil sand was discovered in one western state and Congress authorized an oil sand refining plant to be built on federal park land within the state. The refinery was built in compliance with federal pollution regulations. Pursuant to state law, the plant manager allowed the state to inspect the plant before putting it into operation. Because state refinery standards were more strict than the federal standards (in order to better protect state citizens from pollution associated with refineries), the refinery did not pass the inspection, and the state inspector refused to give the manager a permit to run the refinery. The refinery manager nevertheless began to run the refinery and was fined by the state.
Which of the following is the manager's best defense against imposition of the fine?
A) The state does not have a compelling interest in regulating the refinery, because it is within a federal park
B) The state regulation is invalid because Congress has preempted the field of pollution control
C) The state pollution regulation is invalid because it is inconsistent with the state's compelling interest in providing jobs
D) The state law violates the principles of intergovernmental immunity as applied to the manager
Answer: D. The state law violates the principles of intergovernmental immunity as applied to the manager
Explanation:
Based on the information given, the manager's best defense against the imposition of the fine is that the state law violates the principles of intergovernmental immunity as applied to the manager.
We should note that unless Congress agrees to a particular regulation, the state doesn't have the power to regulate federal government activities and therefore cannot interfere with federal functions. Therefore, the regulation in this case isn't applicable to the manager.
Which option should be used to commit a record in an Access table?
Press Esc.
Select Undo.
Press Ctrl+Z.
Move to a new record.
EDGE
Answer:
D)Move to a new record.
Explanation:
this is what I narrowed it sown to
edg 2021
Answer:
the answer is D
Explanation:
edge 2022
Brad, a manager at a new investment firm, is performing job evaluation. He selects 12 benchmark jobs in the firm and then ranks each of these jobs against compensable job factors such as physical effort, responsibility, skill, and nature of the working conditions. This ranking is based on job descriptions created during job analysis. Later, the management meets as a group and develops a consensus on the assigned values for each job. In the given scenario, which of the following systems or methods is Brad most likely using for job evaluation?
A) The point system
B) The classification system
C) The factor-comparison method
D) The market-basket analysis method
Answer:
C) The factor-comparison method
Explanation:
It is correct to say that the method for evaluating jobs that Brad is using in this scenario is the method of comparing factors, which consists of evaluating various factors of the job and not just the job itself. This method is advantageous due to the ease of application and classification of factors, such as those classified as compensable work factors such as physical effort, responsibility, skill and the nature of working conditions.
The objective of the factor comparison method is then to promote a remuneration corresponding to each value attributed to the job's working factors and thus to promote a fairer remuneration according to the position.
While researching the feasibility of converting her company's products to solar energy, Hailie reads several reports on innovations to lithium batteries and photovoltaic cells. Some of the reports suggest any energy using device should begin to incorporate solar into its design, while others argue that the batteries still do not hold enough charge and remain cost prohibitive for products like those of her company. To demonstrate her own original thinking, Hailie should
Answer: d. generate her own conclusions and recommendations
Explanation:
The options are:
a. cite all her research sources.
b. choose one source and follow its recommendations exclusively.
c. adopt a methodical approach to decision making.
d. generate her own conclusions and recommendations.
e. avold making predictions and cause-effect statements.
Based on the information provided in the question, in order for Haile to demonstrate her own original thinking, it is better if she generates her own conclusions and recommendations.
Citing other research sources or adopting a methodical approach to decision making isn't appropriate in this case as that won't help her to develop her original thinking since it's the work of others and not hers
a.
19. When a theater owner considers whether to install another row of seating, she is
thinking at the margin.
b. experiencing a shortage.
underutilizing her resources.
d. using human capital.
c.
Answer:
thinking at the margin.
Explanation:
The thinking at the margin means to think for the next step that taken forward. Here marginal means extra
Let take an example of the marginal the first lemonade glass quenches your thirst but the next glass would quenches your thirst so much now if you think at the margin so here what would be the next action relevant for you
So as per the given situation, it is a thinking at the margin
does anyone here know anything about like witchy stuff, like spells and stuff
Answer:
There are many religions that revolve around witchcraft. A modern pagan religion, called 'Wicca', have some spellbooks. Earthbound (a store) sells some spellbooks. I'm sure you can find some online too.
Explanation:
Extra note- you can actually learn a lot about witchcraft on TikTok. It can teach you about spells, charms, etc.
5) "Once a business develops a solid information system to meet its needs, that system will serve the business for at least 25 years." Is this statement true or false? Explain. (2 points)
Answer:
This is not correct, as the information systems in this age are rapidly transforming, due to artificial intelligence and IoT.
It is a false statement that once a business develops a solid information system to meet its needs, the system will serve the business for at least 25 years.
What is an information system?It refers to the formal and organizational system that is designed to store and distribute information for future purpose.
However, because the information systems in this age are rapidly transforming due to presence of artificial intelligence.
Hence, the solid information system might not be able to sustain the demand and competitiveness of the industry,
Read more about information system
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How should the headings of a resume be formatted so that they are clear and easy to find?
a. bold and italicized
b. capitalized and bold
c. underlined and italicized
d. capitalized and underlined
Answer:
B. capitalized and bold
Explanation:
Please mark my answer as the Brainiest!!!
Got it correct on Edge.
ACTIVITY 2.
Identify and explain briefly the question below
1 What are the 4P's in marketing plan?Explain each
А__________
B__________
С__________
D__________
Answer:
A. Product
B. Price.
C. Place.
D. Promotion.
Explanation:
Marketing plan can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.
Generally, a marketing plan is made up of the four (4) Ps and these includes;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
two ways in which young entrepreneurs can benefit from the National Youth Development Agency
South Africa's National Youth Development Agency has launched the Ithubalentsha Micro Enterprise Programme, which will provide young aspirant and established entrepreneurs with training, mentorship, micro-enterprise finance, market linkages and access to business opportunities.
Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..
Answer:
The letter A is the right one.
Explanation:
By promoting deserving employees, Jeffrey will create an environment where employees who act correctly, integrate and present high levels of professionals receive good promotions and will raise their status in the company. This shows that acting in a moral, responsible and ethical manner is rewarding and that is why everyone should follow this level of work that encourages morality and good work.
What are free trade agreements?
A.
agreements that set new quotas
B.
laws that create tariffs
C.
agreements that remove trade barriers
D.
laws that prohibit trade between countries
You have a loan for $200,000 at 8.5% annual simple interest. What is your monthly interest payment?
a.1,239
b.1,311
c.1,417
d.1,508
Answer: 1417
Explanation:
The information can be gotten from the question:
Principal = $200000
Rate = 8.5% = 0.085
Simple interest = PRT
= 200000 × (0.085/12) × 1
= 200000 × 0.0070833
= 1416.6667
= 1416.7
Whether speech is going to be delivered before one or one hundred people, the speaker should:
a.
Concentrate on getting everything out quickly
b.
Imitate the mannerisms of great speakers
c.
Prepare their thoughts in advance
d.
Use their biggest vocabulary to sound educated
Answer:
C). Prepare their thoughts in advance.
Explanation:
A speaker aims to serve a specific purpose through his/her speech(to inform, to entertain, to convince, to motivate, etc.). In order to serve this purpose effectively by the end of the speech, it is very crucial to 'prepare the thoughts that the speaker wishes to convey in advance' as it helps him/her in organizing the thoughts in a logical order to ensure its efficacy. It also assists in analyzing whether the thoughts get along with each other and also keeps room for creativity which can enhance its impact and make the purpose more successful. Thus, be it one or one hundred people, it is important for a speech to be prepared in advance and hence, option C is the correct answer.
Answer:
C). Prepare their thoughts in advance.
Explanation:
e d g e
On January 1, Year 1, Can Corporation distributed Sec. 1231 land with a market value of $300,000 and an adjusted basis of $205,000 under a plan of partial liquidation under the Sec. 302(b)(4) rules. The distribution was made to individual shareholder Clem, who had owned 40% of Can since it was founded. Clem’s stock interest redeemed in the partial liquidation had a basis of $140,000. What are the amount and the character of gain/loss that Can should recognize on the distribution?
Answer:
1231 gain of $95,000
Explanation:
Calculation to determine the amount and the character of gain/loss that Can should recognize on the distribution
Using this formula
Amount of gain/loss =Market value of land -Adjusted basis
Let plug in the formula
Amount of gain/loss= ($300,000 - $205,000).
Amount of gain/loss=1231 gain of $95,000
Therefore the amount and the character of gain/loss that Can should recognize on the distribution will be 1231 gain of the amount of $95,000
Activity 3
Calculate Profit
Answer: See explanation
Explanation:
Profit is calculated as:
= Selling price - Cost price
1. Selling price = 1353
Cost price = 1230
Profit = Selling price - Cost price
= 1353 - 1230
= 123
2. Selling price = 1350
Cost price = 900
Profit = Selling price - Cost price
= 1350 - 900
= 450
3. Selling price = 1500
Cost price = 1200
Profit = Selling price - Cost price
= 1500 - 1200
= 300
4. Selling price = 2960
Cost price = 850
Profit = Selling price - Cost price
= 2960 - 850
= 2110
32. Peter must decide if he should add one more dog to his dog-walking business. What is this decision an
example of?
a. efficiency
b. thinking at the margin
c. scarcity
d. using human capital
Answer:
Explanation:
b. thinking at the margin
i think because is is asking for what decision it is
hope this helps some
Ami cut 6 and three-fourths inches off a long roll of paper. If the roll is now 36 and one-third inches long, how long was the original roll of paper? Write an equation and solve it to find the answer. 29 and StartFraction 7 Over 12 EndFraction inches 30 and StartFraction 7 Over 12 EndFraction inches 42 and StartFraction 1 Over 12 EndFraction inches 43 and StartFraction 1 Over 12 EndFraction inches
Answer: 43 1/12 inches
Explanation:
Since Amy Ami cut 6 3/4 inches off a long roll of paper and the roll is now 36 1/3, the length of the original roll of paper will be:
= 6 3/4 + 36 1/3
Note that the LCM of 4 and 3 is 12.
= 6 3/4 + 36 1/3
= 6 9/12 + 36 4/12
= 42 13/12
= 43 1/12 inches
A seller put her house and lot on the market for $200,000. After receiving several offers within $5,000 of her asking price, the seller entered into a contract to sell the house and lot to a buyer for $200,000. The contract provided that the buyer put up $4,000 in earnest money, which the seller could treat as liquidated damages unless: The seller fails to tender marketable title to the buyer by the agreed-upon closing date, the seller commits a material breach of this contract, or the buyer dies prior to the closing date, in which case the earnest money shall be reimbursed to the buyer's estate. The contract was signed on July 24, and the closing date was set for September 12. On August 5, the buyer was seriously injured in an accident. On September 10, the buyer was released from the hospital in a wheelchair. He determined that a ranch-style house would make his life much more bearable, but the seller's home was two stories. The buyer asked the seller to cancel the contract and to refund the $4,000 earnest money. The seller refused. The buyer did not appear on the closing date. On September 16, the seller contracted to sell the home to a purchaser for $198,000. The closing occurred as planned on October 20. The buyer files suit against the seller, praying for a refund of the $4,000 earnest money. How much is the buyer likely to recover
Answer:
$0
Explanation:
Both the buyer and seller agreed upon the amount that would be deposited as earnest money and what would happen to it in case the sale wasn't closed. The amount is not unreasonably large compared to the purchase price (2% only) and that represents a fair amount for the damages suffered by the seller. The seller is not responsible for the things that happened to the buyer.
Your parents have been advised to save 5% of their income for your college education,
which would include money for housing, tuition, books, and fees. How much would your
parents have saved in one year, following the recommended 5%, if they had an average
household income of $99,948? Show your work. (5 points)
Generational accounting: Select one: a. is a method of assessing the impact of fiscal policy lags from one generation to another. b. measures the number of generations it takes to pay off the national debt at a given point in time. c. evaluates the impact of current fiscal policies on different generations in the economy, including future generations. d. is an accounting method that defers to the future, the cost of any government policy the rewards of which will be reaped in the future.
Answer:
c. evaluates the impact of current fiscal policies on different generations in the economy, including future generations.
Explanation:
Generational accounting would be classified as a forecasting method that deals how the present fiscal policies would affect the future generations.
Also at the same time it would evaluate the affect related to the present fiscal policies for various generations in the economy
Therefore the option c is correct
And, the rest of the options would be incorrect