Answer:
Journal Entry :
Bank $100,000 (debit)
Note Payable : Acme Bank (credit)
Explanation:
In Oriole Company Ltd books the following entries must be made :
The assets of cash should be increase (debit) at the same time, the liabilities arising on the Note Payable must also increase (credit).
Being held accountable and obligated to fulfill a commitment is ___.
Assets
Liability
Partnership
Logistics
Being held accountable and obligated to fulfill a commitment is Liability. Thus, option B is correct.
What is the liability?
A liability is defined as the future sacrifices of economic advantages that an entity is obligated to make to other entities as a result of previous transactions or other past occurrences.
In accounting, liability refers to any type of financial obligation that a company must pay to another person or company at the conclusion of an accounting period.
Financial advantages such as money, products, or services are used to satisfy liabilities. It is a company's future obligation to pay money to other persons or businesses.
Therefore, option B is correct, that being held accountable and required to fulfill a contract is Liability.
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Would you rather be a detective or a pilot?
Answer:
I'll rather be pilot so I could have free flights
Moving truck makes the displacement of (180m) toward east in period of(9.0s). What is the average velocity of the truck?someone please help!!
Answer:
20m/s due east
Explanation:
Given parameters:
Displacement = 180m due east
Time taken = 9s
Unknown:
Average velocity of the truck = ?
Solution:
The average velocity is the displacement divided by the time taken;
Average velocity = [tex]\frac{displacement}{time}[/tex]
Insert the parameters and solve;
Average velocity = [tex]\frac{180}{9}[/tex] = 20m/s due east
[tex]\mathrm {Hey, there!}[/tex]
Let's solve your problem:
20 m/s due east is your answer.
For this question, we will use the displacement method.
The displacement method states:
You divide the larger number by the smaller number.
--- [tex]\mathrm {Equation}[/tex] - [tex]\mathrm {180m / 9.0 = 20.0}[/tex]
You want employees to know that they can talk to retirement planning
Answer:
well I don't want any employees haha but yes the retirement of the employees should be grand with a farewell party
Urban Bloom, Inc.'s books show an ending cash balance of $18,000 before preparing the bank reconciliation. Given the bank reconciliation shows outstanding checks of $4600, deposits in transit of $3600, NSF check of $260, and interest earned on the bank account of $170, the company's up-to-date ending cash balance equals:
Answer:
$17,910
Explanation:
With regards to the above, we would calculate the company's up to date ending cash balance as;
Up to date ending cash balance = Ending cash balance per books + Interest received from bank - NSF check
Up to date ending cash balance = $18,000 + $170 - $260
Up to date ending cash balance = $17,910
*Please note that outstanding checks and deposits in transit are used mainly to reconcile bank statements and not cash or book balance.
The senior management of a firm is undecided about the number of employees needed for its new project. To advise the executives, a human resource specialist uses a computer system to estimate how long teams of three different sizes will take to complete the project, assuming the project is of either low, average, or high difficulty. The type of system appropriate for this case is a(n)
Answer:
Decision support system
Explanation:
The decision support system is a system that support the business decisions. It mainly works for reviewing the data of the business in that way where the user could access it and make the decisions accordingly.
In the given situation since it is mentioned how much team is required for project completion so this represent the decision support system
Evidence that a source is authoritative includes
a.
An email address to ask further questions about information in the source
c.
No verbiage used which could identify bias about the information provided
b.
A date regarding when the source was written
d.
Logical structure of the information provided so that it is easily read and understood
Please select the best answer from the choices provided
A
B
C
D
Answer:
A is correct
Explanation:
its right
Answer:
a
Explanation:
edge2020
The company wants to end each month with ending finished goods inventory equal to 25% of the next month's sales. Finished goods inventory on June 30 is 1,050 units. The budgeted production units for July are:
Answer: 4,375 units
Explanation:
The budgeted production for July will be;
= July sales + Ending inventory - Beginning inventory
Ending inventory = 25% * August sales =25% * 4,900 = 1,225
Budgeted production = 4,200 + 1,225 - 1050 = 4,375 units
During 2020, Benson purchased $1,450,000 of raw materials, incurred direct labor costs of $250,000, and incurred manufacturing overhead totaling $160,000. How much is total manufacturing costs incurred during 2020 for Benson?
Answer:Total manufacturing cost = $1,876,000
Cost of goods sold =$1,668,000
Explanation:
The Total manufacturing costs is defined as how much a company uses in production of its inventory at a particular time. It takes three costs into consideration and they are Direct materials, Direct labor and Manufacturing overhead.
it is calculated using the formulae.
Total manufacturing cost = Direct materials + Direct labor + Manufacturing overhead
Direct raw materials =Beginning raw materials +materials purchased -Ending raw materials
=84000+1,450,000-68000=$1,466,000
Total manufacturing cost =$1,466,000+ $250,000 +$160,000
= $1,876,000
The total manufacturing costs incurred during 2020 for Benson is $1,876,000
Cost of goods sold = Beginning Inventory of Finished goodd + Cost of Goods – Ending Inventory Of finished goods.
$100,000 + $1,660,000 - 92,000
$1,668,000
Note :
The beginning inventory =the value of inventory at end of the previous year.
Why are craftsman likely to produce fewer goods than modern manufacturers produce?
They do less intensive labor than manufacturing.
They are not organized into uniorhs
They are considered unskilled laborers.
They do more intensive labor than manufacturing
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Answer:
They do more intensive labor than manufacturing.
Explanation:
Answer:
I see you copy and pasting from ignitia
Explanation:
A personal account earmarked as a retirement supplement contains $292,100. Suppose $250,000 is used to establish an annuity that earns 5%, compounded quarterly, and pays $5000 at the end of each quarter. How long will it be until the account balance is $0? (Round your answer UP to the nearest quarter.)
Answer:
It will take approximately 78 quarters until the account balance is $0.
Explanation:
This can be calculated using the following formula:
n = log(p / (p - A(q - 1))) / log(q) .................... (1)
Where;
n= Number of quarters it will take until the account balance is $0 = ?
A = Amount used to establish the annuity = $250,000
p = quarterly payment = $5,000
q = 1 + (Annual interest rate / Number of quarters in a year) = 1 + (5% / 4) = 1.0125
Substituting the values into equation (1), we have:
n = log(5000 / (5000 - (250000*(1.0125 - 1)))) / log(1.0125)
n = log(5000 / (5000 - (250000 * 0.0125))) / log(1.0125)
n = log(5000 / (5000 - 3125)) / log(1.0125)
n = log(5000 / 1875) / log(1.0125)
n = log(2.66666666666667) / log(1.0125)
n = 0.425968732272282 / 0.00539503188670614
n = 78.955739505805
Rounding to the nearest quarters, we have:
n = 78. This because the quartely payment is less than $5000 at the end of the 79th quarter.
Therefore, it will take approximately 78 quarters until the account balance is $0.
A company purchased a delivery van for $18,200 with a salvage value of $2,200 on September 1, Year 1. It has an estimated useful life of 5 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31, Year 1
Answer:
$1,066.67
Explanation:
Using straight line method, depreciation expense is constant throughout the life of an asset.
Depreciation is calculated as seen below;
Depreciation = Cost of asset - Residual value
= $18,200 - $2,200
= $16,000
Depreciation rate = 1/5 × 100
= 20 percent
Depreciation per year = 20/100 × 16,000
= $3,200
During the year 1, the van operated for four months (Sept, Oct, Nov and Dec)
Depreciation for the four months = 4/12 × 3,200
= $1,066
Suppose the Chief Financial Officer (CFO) of a company is interested in raising funds for a major investment by issuing bonds of varying maturity to investors. One of the longer-term bonds being issued can be purchased for $75,000.00 per bond and pays $7,125.00 annually to the investor. What is the anual interest rate on this bond
Answer:
9.5%
Explanation:
Interest rate on the bond = Annual payment on thr bonds / Cost of the bonds * 100
Interest rate on the bond = 7.125 / 75,000 * 100
Interest rate on the bond = 0.095 * 100
Interest rate on the bond = 9.5%
Thus, the annual interest rate on the bond is 9.5%
g At the optimal quantity of a public good: A. marginal benefit exceeds marginal cost by the greatest amount. B. total benefit equals total cost. C. marginal benefit equals marginal cost. D. marginal benefit is zero.
Answer: C. marginal benefit equals marginal cost.
Explanation:
As is the case in the private sector , the optimal quantity of a public good is the quantity where Marginal benefit (revenue in private) equals marginal cost.
This is the optimal quantity because any quantity made that is more than this will result in marginal cost being greater than marginal benefit. This is therefore the highest quantity that can be produced without costs exceeding benefits so it is optimal.
Merchandise sold FOB destination indicates that: Multiple Choice The seller transfers title to the buyer once the merchandise is shipped. The merchandise has not yet been shipped. The seller holds title until the merchandise is received at the buyer's location. The merchandise will not be shipped until payment has been received.
Answer:
The seller transfers title to the buyer once the merchandise is shipped
Explanation:
Free onboard shipping point refers to a practice where the buyer of a product takes responsibility of the good once it is shipped by the seller.
So when the supplier ships a product he can record a sale because the ownership of the good has been shifted to the seller abd he will be paid for services rendered.
The buyer will record an increase in his inventory at this point and make provision for risk of shipping along with shipping cost.
Concord Corporation sells merchandise on account for $6300 to Windsor, Inc. with credit terms of 2/10, n/30. Windsor, Inc. returns $1500 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?
$6174
$4800
$4704
$6204
Answer:
$4704
Explanation:
The term 2/10, n/30 means that the buyer will get a 2% discount on the invoice amount if they make full payment with the first 10 days from the invoice date. If not, the full invoice amount is due in 30 days.
The buyer bought goods worth $6300 but made returns of $1500. the net purchases were
=$6300 - $ 1500
=$4,800
If the payment is made within the discount period(10 days), the check amount will be less 2% discount.
i.e. the payment will be 98% of net purchases
=98/100 x $4800
=0.98 x $4800
=$4,704
Alex wrote the sentence: The big dog was really fat. He ate a lot. Why does Alex need a thesaurus? a. The sentences begin with the same word c. The sentences lack creativity b. Many words are repeated d. None of these
Answer:C
Explanation:
The sentences lack creativity does Alex need a thesaurus. Hence, option C is correct.
What is lack creativity?The main causes of a lack of creativity are typically overwhelm, the wrong approach, or overwhelming input. It's a straightforward problem to fix. Years ago, I struggled with writer's block. I wanted to create a book, but I was at a loss for good topics.
A lack of creativity or imagination as a trait. dullness, lack of creativity, unoriginality, and commonplaceness.
One of the reasons people don't feel motivated is because they believe innovation is a zero-sum game. They believe, "Never could I accomplish it! That is something I could never come up with as great! "when they notice somebody like Steve Jobs in the news or Einstein in the history books.
Thus, option C is correct.
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that something unique your business should have which other business do not have
Answer:
find a trust ful patner
trying to make unique and helpful things
making things by using natural ingredients like in toothpaste, soap,shampooetc which make other attractive towars our business and sefty to other people
5-1 FUTURE VALUE If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in your account after 5 years
Answer:
FV= $16,105.1
Explanation:
Giving the following information:
Present value (PV)= $10,000
Interest rate (i)= 10% = 0.10
Number of periods (n)= 5 years
To calculate the future value (FV), we need to use the following formula:
FV= PV*(1+i)^n
FV= 10,000*(1.1^5)
FV= $16,105.1
Which phrase defines complimentary goods
Variable costs for Abbey, Inc. are 25% of sales. Its selling price is $100 per unit. If Abbey sells one unit more than break-even units, how much will profit increase
Answer:
the increase in profit is $75
Explanation:
The computation of the increase in profit is shown below:
= Selling price per unit - variable cost per unit
= $100 - 25% of $100
= $100 - $25
= $75
hence, the increase in profit is $75
We simply applied the above formula so that the correct value could come
And, the same is to be considered
By dividing the variable cost from the selling price the increase in profit could come
Don operates a taxi business, and this year one of his taxis was damaged in a traffic accident. The taxi was originally purchased for $17,000 and the adjusted basis was $1,500 at the time of the accident. The taxi was repaired at a cost of $2,750 and insurance reimbursed Don $730 of this cost. What is the amount of Don's casualty loss deduction
Answer:Don's casualty loss deduction=$ 770
Explanation:
A Casualty loss is an unexpected or sudden financial loss that occurred as a result of damage or loss of property. It will be calculated as follows
Adjusted basis at the time of accident $1,500
Repair cost on account of accident $2,750
Amount of casualty loss before the adjustments $ 1,500
( which is the Lessor of $ 1,500 and $ 2,750)
Deduct :
Reimbursements gotten from insurance $ 730
Don's casualty loss deduction = $ 1,500 - $ 730 = $ 770
Describe business transaction that will do the following.
a. Increase an asset and increase liability
b. Decrease an asset end decrease liability
c. Decrease an asset and it-crease an expense
d. Increase an asset and increase owner's equity
e. Increase an asset end decrease an asset
f. It-crease an asset and increase revenue
Answer:
a. Increase an asset and increase liability - BUYING INVENTORY ON ACCOUNT.
Buying inventory on account would have the effect of increasing inventory(asset) whilst increasing Payables (liability) as well.
b. Decrease an asset and decrease liability . - PAYING FOR INVENTORY PURCHASED ON ACCOUNT.
When the company pays the vendor it bought goods from on account, this would reduce cash (asset) whilst reducing payables (liabilities) as well.
c. Decrease an asset and increase an expense . - PAYING FOR ADVETISING.
Paying for advertising would decrease cash (asset) whilst increasing the Advertising expense.
d. Increase an asset and increase owner's equity . - SELLING SHARES.
Selling shares would increase the cash (assets) in the business as people will pay for the shares while at the same time increasing the equity in the business as well.
e. Increase an asset and decrease an asset . - RECEIVABLES PAYING FOR GOODS BOUGHT ON ACCOUNT.
When debtors (receivables) pay off the balance of the goods they purchased from the company on account this would increase the cash (asset) in the business while at the same time reducing the Accounts receivables (also asset) in the company.
f. Increase an asset and increase revenue. - SALE OF GOODS.
Selling goods would either increase the cash (asset) or the Accounts receivable (asset) in a company while also increasing the sales (revenue) of the company as well.
Suppose that the Federal Reserve has set the required reserve ratio at 0.20 (that is, 20%). Second Republic Bank currently has $150,000 in checkable deposits and $45,000 in outstanding loans. How much money is Second Republic Bank required to hold in reserve in this case
Answer:
Reserves = $105,000
Required reserve = $30,000
Excess reserve = $75,000
Explanation:
Given:
Required reserve ratio = 0.20
Check able deposit = $150,000
Outstanding loans = $45,000
Computation:
Reserves = Check able deposit - Outstanding loan
Reserves = $150,000 - $45,000
Reserves = $105,000
Required reserve = Check able deposit[Required reserve ratio]
Required reserve = $150,000[0.20]
Required reserve = $30,000
Excess reserve = Reserves - Required reserve
Excess reserve = $105,000 - $30,000
Excess reserve = $75,000
isk Co. purchases raw materials on account. Budgeted purchase amounts are April, $96,000; May, $126,000; and June, $136,000. Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase. The March 31 balance of accounts payable is $38,000. Prepare a schedule of budgeted cash payments for April, May, and June.
Answer:
Given that Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase, therefore, firstly we need to differentiate the total amount of purchases of each month into 70% and 30%. 70% of the purchases will be paid in current month and balance 30% of the purchases will be ending accounts payable for that month and paid in next month. This is shown as follows:
Particulars April May June
Current month purchases 70% $67,200 $88,200 $95,200
Ending accounts payable 30% $28,800 $37,800 $40,800
Total purchases $96,000 $126,000 $136,000
The schedule of budgeted cash payments for the month of April May and June are shown as follows:-
Schedule of Cash Payments
For April, May, and June
April May June
Cash payments for:
Current month purchases $67,200 $88,200 $95,200
Prior month purchases $38,000 $28,800 $37,800
Budgeted cash payments for materials $105,200 $117,000 $133,000
How does increased competition through FDI in the form of greenfield investments affect the host country
Answer: It drives down prices and increases the economic welfare of consumers.
Explanation:
Greenfield investment is a form of Foreign Direct Investment where the investors build a facility/ies in the host nation from scratch as opposed to buying or leasing one.
With increased competition from greenfield investments, consumers would be better off because there will be more quantity of the relevant good available in the market. This will lead to the prices falling and consumers being able to afford more of the good at higher qualities.
Do you know the answer?
Answer:
yes I do know the answer
On February 28, Katherine wrote a check number 1021 to Hoopers Market for $189.43. Her beginning balance was $584.77. Calculate the new balance.
Answer:
Her new balance is $395.34
Explanation:
You take the starting balance of $584.77 and subtract it by the amount spent which was $189.43. Which gives you $395.34
Fleury Security Limited (FSL) is projected to have earnings per share (EPS) of $3.50 next year, and the firm’s dividends are 30% of earnings. Investors have a required return on FSL shares of 12.4%. The company has a profit margin of 10%, total asset turnover of 0.9, and total debt ratio of 0.4.
a) Calculate the ROE of the company.
b) Calculate the price of FSL shares.
c) How much of that price is due to future growth opportunities?
Answer and Explanation:
The computation is shown below:
a) For ROE of the company
As we know that
Debt ratio = 1 - (1 ÷ Equity multiplier)
0.4 = 1 - (1 ÷ Equity multiplier)
(1 ÷ Equity multiplier) = 0.6
Equity multiplier = 1 ÷ 0.6
= 1.6667
Now ROE is
ROE = Net Profit Margin × Total Asset Turnover × Equity multiplier
= 10% × 0.9 × 1.6667
= 15%
b) For the Price of FSL shares
Expected Dividend next year (D1) = Projected EPS × Dividend payout ratio
= $3.50 × 30%
= $1.05
And, Required Return(ke) = 12.4%
Growth Rate(g) = ROE × (1 - Dividend payout ratio)
= 15% × (1 - 0.30)
= 10.5%
And finally the Price of STock:-
= D1 ÷ (ke - g)
= $1.05 ÷ (0.124 - 0.105)
= $55.26
C. For Present Value of Growth Opportunity(PVGO)
As we know that
Present Value of Growth Opportunity(PVGO) = Stock Price - (EPS ÷ Ke)
= $55.26 - ($3.50 ÷ 12.4%)
= $27.03
Tidy Limited purchased a new van on January 1, 2018. The van cost $36,000. It has an estimated life of six years and the estimated residual value is $3,600. Tidy uses the double-declining-balance method to compute depreciation. What is the adjusted balance in the Accumulated Depreciation account at the end of 2019
Answer:
$18,002.88
Explanation:
Depreciation Expense = 2 × SLDP × BVSLDP
Where,
SLDP = 100 ÷ Number of useful life
Therefore,
SLDP = 100 ÷ 6
= 16.67 %
2018
Depreciation Expense = 2 × 16.67 % × ($36,000 - $3,600)
= $10,802.16
2019
Depreciation Expense = 2 × 16.67 % × ($36,000 - $3,600 - $10,802.16)
= $7,200.72
Accumulated Depreciation at the end of 2019 :
Accumulated Depreciation = $10,802.16 + $7,200.72
= $18,002.88