Answer:
A column for showing the balance of the account after each entry is posted.
Explanation:
The balance column in a ledger account would represent the debit and credit columns amount for recording and posting entries and the other column represent the account balance after each entry is passed or recorded
Therefore the above represent the answer
The balance column in a ledger account is a column for showing the balance of the account after each entry is recorded. Thus, option B is the correct option.
The balance column in a ledger account is a column used to display the balance of the account after each entry is recorded. It allows for a running tally of the account's balance, indicating whether it has a debit or credit balance.
This column is useful for quickly referencing the current balance of an account and is commonly included in a ledger to provide a snapshot of the account's financial position. It helps in tracking the cumulative effect of transactions on the account and facilitates the preparation of financial statements.
Thus, option B is the correct option.
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A cola company with processing plants and distributors on every continent is known as which of the following?
global food retailer
worldwide food distributer
international food trader
multinational food manufacturer
Answer:
Multinational Food Manufacturer!
Explanation:
Got it right on Quiz 2022
A company is currently selling 10,000 units of product monthly for $40 per unit. The unit contribution margin is $27. The company believes that spending $50,000 per month on advertising will allow them to increase the selling price to $45 and that sales will increase by 750 units per month. The company should ______.
Answer:
The company should accept the idea reason been that the profit will increase by $24,000
Explanation:
Calculation to determine What should the company do
First step
Increased CM = [10,750 x (27+(40-45))]- (10,000 x 27)
Increased CM = [10,750 x(27+5)]- (10,000 x 27)
Increased CM = (10,750 x 32) - (10,000 x 27)
Increased CM = $344,000-$270,000
Increased CM = $74,000
Now let calculate the profit
Profit =$74,000-$50,000
Profit=$24,000 Increase
Therefore based on the above calculation The company should accept the idea reason been that the profit will increase by the amount of $24,000
The DAGMAR approach to setting objectives has
A. never been criticized because it focuses on the hierarchy of effects model.
B. focused advertisers' attention on the value of using communications objectives rather than sales objectives.
C. been successful because it is easy to implement.
D. a negligible effect on the advertising planning process.
E. increased the degree of subjectivity used in the selection of objectives toward which planners' efforts should be directed.
Answer:
B. focused advertisers' attention on the value of using communications objectives rather than sales objectives
Explanation:
DAGMAR simply means Defining
Advertising Goals for Advertising Results. It is commonly known that it was developed by a man called Russell Colley in 1961.
According to Colley simplification of an Advertiser's job as purely and simply, to communicate information to a given(defined) audience and the success of a given ad is based on its execution and when and how well was the ad made.
Under DAGMAR, there are four main tasks such as; A-Awareness, C-Comprehension, C-Conviction anf A-Action. The Communication objectives includes; awareness creation, building or reinforcing attitude, developing brand loyalty and brand image e. t. c.
A remotely located air sampling station can be powered by solar cells or by running an above ground electric line to the site and using conventional power. Solar cells will cost $18,000 to install and will have a useful life of 5 years with no salvage value. Annual costs for inspection, cleaning, and other maintenance issues are expected to be $2,400. A new power line will cost $27,500 to install, with power costs expected to be $1,000 per year. Since the air sampling project will end in 5 years, the salvage value of the line is considered to be zero. At an interest rate of 10% per year,
a. Which alternative should be selected on the basis of an annual worth analysis
b. What must be the first cost of the above ground line to make the two alternatives equally attractive economically?
Answer:
a) should install the solar cells
alternative 1, solar cells
initial investment $18,000
annual expenses $2,400 (5 years)
NPV = $27,097.89
AW = (10% x $27,097.89) / [1 - (1 + 10%)⁻⁵] = $7,148.36
alternative 2, power line
initial investment $27,500
annual expenses $1,000 (5 years)
NPV = $31,290.79
AW = (10% x $31,290.79) / [1 - (1 + 10%)⁻⁵] = $8,254.43
b) $23,307.10
During 2020, Inez (a single taxpayer) had the following transactions involving capital assets: Gain on the sale of unimproved land (held as an investment for 3 years) $6,000 Loss on the sale of a camper (purchased 2 years ago and used for family vacations) (5,000) Gain on the sale of ADM stock (purchased 9 months ago as an investment) 2,450 Gain on the sale of a fishing boat and trailer (acquired 18 months ago at an auction and used for recreational purposes) 1,000 Overall, Inez has a long-term capital gain of $ 6,000 and a short-term capital gain of $ 2,450 .
Required:
a. If Inez has taxable income (including the property transactions) of $188,450, what is the income tax regarding these transactions? Her marginal tax rate is 32%.
b. If Inez has taxable income (including the property transactions) of $32,250, what is the income tax regarding these transactions? Her marginal tax rate is 12%.
Answer:
Gain on the sale of unimproved land is a long-term capital gain (6,000)
Gain on the sale of ADM stock is short term capital gain (2,450)
Gain on the sale of a fishing boat and trailer is a long-term capital gain (1,000)
So, the long-term capital gain = $6000 + $1000 = $7000. Short-term capital gain = $2,450
a. Here, Inez is in the 32% tax bracket, so her regular tax rate of 32% exceeds the alternative tax rate of 15%.
Hence, $7,000 long-term capital gain is taxed at 15%, and her short-term capital gain is taxed at 32%.
($7,000 x 15%) + ($2,450 x 32%)
= 1050 + 784
= $1,834
So, the tax is $1,834
b. Here, Inez is in the 12% tax bracket, her regular tax rate of 12% exceeds the alternative tax rate of 0%.
So, her $7000 long-term capital gain is taxed at 0%,
Her 2450 short-term capital gain is taxed at 12%.
= [(7000 x 0%) + ($2450 x 12%)]
= 0 + 294
= $294
So, the tax is $294.
What are the primary reasons food producers can increase profits by participating in a local direct market?
They get higher prices and keep all the retail sales.
The local government gives them tax breaks.
The local community supports their efforts with donations.
They save on transportation and travel costs.
Answer:
What are the primary reasons food producers can increase profits by participating in a local direct market? They get higher prices and keep all the retail sales
Explanation:
A company has determined that its Recovery Time Objective (RTO) for a critical system is three minutes. In order to ensure the continuous availability of its critical systems, the company should consider:
Answer:
An active-passive local server
Explanation:
The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation.
Account Title Debits Credits
Cash $40,000
Accounts receivable 34,000
Inventory 75,000
Prepaid rent (for the next 8 months) 16,000
Investment in equity securities (short term) 10,000
Machinery 145,000
Accumulated depreciation $11,000
Patent (net) 83,000
Accounts payable 8,000
Salaries payable 4,000
Income taxes payable 32,000
Bonds payable (due in 10 years) 200,000
Common stock 100,000
Retained earnings 48,000
Totals $403,000 $403,000
Required:
Prepare a classified balance sheet for Jackson Corporation at December 31, 2021, by properly classifying each of the accounts. (Amounts to be deducted should be indicated by a minus sign.)
Answer:
Explanation:
See below
When an Egyptian firm purchases a cement mixer from Slovakia,
a)Egyptian investment does not change, Egyptian net exports decrease, Egyptian GDP decreases, Slovakian net exports increase, and Slovakian GDP increases.
b)Egyptian investment increases, Egyptian net exports decrease, Egyptian GDP is unaffected, Slovakian net exports increase, and Slovakian GDP increases.
c)Egyptian investment decreases, Egyptian net exports increase, Egyptian GDP is unaffected, Slovakian net exports decrease, and Slovakian GDP decreases.
d)Egyptian investment increases, Egyptian net exports do not change, Egyptian GDP increases, Slovakian net exports do not change, and Slovakian GDP is unaffected.
Answer:
B
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
Investment spending includes inventory purchase by businesses. When an Egyptian firm purchases a cement mixer, the Egyptian's investment increases.
Also, because the mixer is bought from Slovakia, it is regarded as an import. Because import is a negative function of net export, net export decreases#
The increase of investment and the decrease in net export, cancel out each other. As a result, GDP does not change.
Slovakian net export increases because export is a positive function of net export
what is political geography
Explanation:
Political geography is concerned with the study of both the spatially uneven outcomes of political processes and the ways in which political processes are themselves affected by spatial structures.
MARK AS BRAINLIEST PLEASE
Answer:
Is concerned with the study of both uneven spatially outcomes of processes from politics and the ways in which political processes are affected by spatial structures!
Taxable income of a corporation
a. differs from accounting income due to differences in intraperiod allocation between the
two methods of income determination.
b. differs from accounting income due to differences in interperiod allocation and
permanent differences between the two methods of income determination.
c. is based on generally accepted accounting principles.
d. is reported on the corporation's income statement.
Answer:
Option b. Differs from accounting income due to differences in interperiod allocation and
permanent differences between the two methods of income determination.
Explanation:
Corporation examples are joint stock companies, joint accounts, associations, insurance companies e.t.c.
A Corporation taxable income is simply defined as a part of its profits generated by corporations that is collected by the Federal and State government as an income tax. It is known as a direct tax. It is placed on the net income or profit of a corporate organization. The tax rate for corporation uses the slab rate system or method of taxation that is based on the type of corporate entity and the different revenues gotten by them individually.
What is the difference between marketing and selling?
Answer:
selling transforms the goods into money, but marketing is the method of serving and satisfying customer needs. The marketing process includes the planning of a product's and service's price, promotion and distribution.
Derek can deposit $279.00 per month for the next 10 years into an account at Bank A. The first deposit will be made next month. Bank A pays 14.00% and compounds interest monthly. Derek can deposit $2,447.00 per year for the next 10 years into an account at Bank B. The first deposit will be made next year. Bank B compounds interest annually. What rate must Bank B pay for Derek to have the same amount in both accounts after 10 years?
Answer:
The rate that Bank B must pay Derek to have have the same amount in both accounts after 10 years is:
= 22.611%
Explanation:
a) Data and Calculations:
Monthly deposit in Bank A= $279
Period of deposit = 120 (10 * 12) months
Interest rate = 14% compounded monthly
Using an online finance calculator, the future value =
Sum of all periodic payments = $33,480.00
Total Interest = $38,800.23
Future value of funds = $72,280.23
Annual deposit in Bank B = $2,447
Period of deposit = 10 years
Future value = $72, 280.23
Therefore, the Interest rate = 22.611%
The following information is available for Wonderway, Inc., for 2015:
Factory rent $28,700
Company advertising 19,900
Wages paid to laborers 83,600
Depreciation for president's vehicle 8,050
Indirect production labor 1,990
Utilities for factory 31,400
Production supervisor's salary 31,600
President's salary 61,300
Direct materials used 35,600
Sales commissions 7,640
Factory insurance 13,600
Depreciation on factory equipment 28,000
Required:
a. Calculate the direct labor cost for Wonderway.
b. Calculate the manufacturing overhead cost for Wonderway.
c. Calculate the prime cost for Wonderway.
d. Calculate the conversion cost for Wonderway.
e. Calculate the total manufacturing cost for Wonderway.
f. Calculate the period expenses for Wonderway.
Answer:
a. $81,610
b. $135,290
c. $117,200
d. $216,900
e. $252,490
f. $96,890
Explanation:
direct labor cost = $83,600 - $1,990 = $81,610
manufacturing overhead cost = $28,700 + $1,990 + 31,400 + $31,600 + $13,600 + 28,000 = $135,290
prime cost = $35,600 + $81,610 = $117,200
conversion cost = $81,610 + $135,290 = $216,900
total manufacturing cost = $135,290 + $117,200 = $252,490
period expenses = $19,900 + $8,050 + $61,300 + $7,640 = $96,890
Question + answers in photo, please help!
Answer:
whats the question? what r we supposed to do?
Explanation:
1 savings banks
i will do rest soon
What is an alternative plan?
A) Deadline
B) Plan
C) Inventory
D) Contingency Plan
Explanation
alternative plan means a plan of reorganization (other than the Plan) that does not include Investor and/or funds managed by Investor as the sole new money underwriter.
ANSWER
PLAN
MARK AS BRAINLIEST PLEASE
Which of the following inventory costing methods results in the lowest value of ending inventory during a period of rising inventory costs?
a. First - in, first - out
b. specific identification
c. weighted - average
d. last-in, first-out
Answer:
d
Explanation:
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
If the LIFO method is used, the goods sold would be the more expensive ones while the ending inventory would consist of older inventories that are cheaper
For example, the following inventory were bought :
Jan 1 5 units of metals at $200
Jan 2 5 units of metals at $250
5 units are sold
If the LIFO method is used, the ending inventory would be the 5 units of metals purchased in jan 1 at $200
Estimating Uncollectible Accounts and Reporting Accounts Receivable LaFond Company analyzes its accounts receivable at December 31, and arrives at the age categories below along with the percentages that are estimated as uncollectible. Age Group Accounts Receivable Estimated Loss % 0-30 days past due$ 90,0001% 31-60 days past due20,0002 61-120 days past due11,0005 121-1806,00010 Over 180 days past due4,00025 Total accounts receivable$ 131,000 The balance of the allowance for uncollectible accounts is $520 on December 31, before any adjustments. (a) What amount of bad debts expense will LaFond report in its income statement for the year
Answer:
LaFond Company
In its income statement for the year, LaFond will report:
Bad Debts Expense = $2,930
Explanation:
a) Data and Calculations:
Age Group Accounts Receivable Estimated Loss % Allowance
0-30 days past due $ 90,000 1% $900
31-60 days past due 20,000 2 $400
61-120 days past due 11,000 5 $550
121-180 days past due 6,000 10 $600
Over 180 days past due 4,000 25 $1,000
Total accounts receivable $ 131,000 $3,450
Allowance for Uncollectible Accounts Balance = $520
Bad Debts Expense = $2,930 ($3,450 - $520)
Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost was applied at 125% of direct labor cost. Selected data concerning the past year's operation of the company are presented below. January 1December 31 Direct materials$87,000$50,000 Work in process 76,000 52,000 Finished goods 125,000 110,000 Other information Direct materials purchases $334,000 Cost of goods available for sale 970,000 Actual factory overhead costs 270,000 The cost of goods sold (before adjustment for under or overapplied overhead) is:
Answer:
$860,000
Explanation:
Calculation for what the cost of goods sold (before adjustment for under or overapplied overhead) is:
Using this formula
Cost of goods sold (before adjustment for under or overapplied overhead)=Cost of goods available for sale - Ending finished goods inventory
Let plug in the formula
Cost of goods sold (before adjustment for under or overapplied overhead)= $970,000 - $110,000
Cost of goods sold (before adjustment for under or overapplied overhead)= $860,000
Therefore the cost of goods sold (before adjustment for under or overapplied overhead) is:$860,000
Riverboat Adventures pays $500,000 plus $13,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $78,000, a building appraised at $218,400, and paddleboats appraised at $223,600. Compute the cost that should be allocated to the building.
Answer:
$215,460
Explanation:
Apportion the total cost using the appraised values to determine the cost to be allocated to buildings.
Total cost include Purchase price plus closing costs. That is $513,000 ($500,000 + $13,000)
Cost allocated to building is $218,400 / $520,000 x $513,000 = $215,460
The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $ 18,900 Current assets $ 11,700 Debt $ 15,700 Costs 12,800 Fixed assets 26,500 Equity 22,500 Taxable income $ 6,100 Total $ 38,200 Total $ 38,200 Taxes (21%) 1,281 Net income $ 4,819 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.)
Answer:
9.69%
Explanation:
Calculate for the internal growth rate
First step is to calculate the ROA
ROA = $4,819/$38,200
ROA=.1262*100
ROA= 12.62%
Second step is to calculate the plowback ratio b
The plowback ratio, b= 1 – .30
b= .70
Now let calculate the Internal growth rate using this formula
Internal growth rate=(ROA × b)/[1 – (ROA × b)]
Let plug in the formula
Internal growth rate=[.1262(.70)]/[1 – .1262(.70)]
Internal growth rate=.0969*100
Internal growth rate= 9.69%
Therefore the internal growth rate will be 9.69%
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Match Everything together pls help I will mark brainliest pls 100 points
1.___ Executive Summary a. Description of Major Marketing Activities
2.___ Executive Summary b. Schedule of marketing activities
3.___ Executive Summary c. Description of resources needed
4.___ Executive Summary d. Major Products and Services
5.___ Executive Summary e. Short and long term financial needs
6.___ Customer Analysis f. Long and Short Term Goals
7.___ Customer Analysis g. Promotional Poster
8.___ Customer Analysis h. Human Resources Plan - hiring and training
9.___ Operations Plan i. The Business Idea
10.___ Operations Plan j. Start-up Costs
11.___ Operations Plan k. Sources of Financing
12.___ Operations Plan l. Sales Forecasts
13.___ Fiscal Plans m. Budgets and Financial Statements
14.___ Fiscal Plans n. Location, Numbers, and Resources of Customers
15.___ Fiscal Plans o. Ownership Structure/Form
16.___ Fiscal Plans p. Strength and Weaknesses
17.___ Marketing Plan q. Organization of the company with a chart
18.___ Marketing Plan r. Description of major operations
19.___ Marketing Plan s. Analysis of resources needed
20.___ Marketing Plan t. Description of Customers
Answer:
t m h c i b j g k l a f o n p r e s d q
Explanation:
Donny, of Donny's Doughnuts, bakes and sells 100 dozen doughnuts a day using one mixer and one fryer. His rival, Sunshine, of Sunshine's Doughnuts, produces 180 dozen doughnuts a day using two mixers and two fryers. Both shops use the exact same technology to make doughnuts and have the same number of workers and the same size building. Donny and Sunshine both increase their capital equipment by one mixer and one fryer
Which shop will benefit the most from its expansion?
A. The shops will benefit equally because they are using the same quantity of equipment.
B. Donny, because his workers currently have less available capital to work with
C. The local weight-loss clinic, because the number of doughnuts consumed will increase
D. Sunshine, because her operation was producing more doughnuts to start with
How much should Donny realistically expect his production to increase with the new equipment?
A. about 80 dozen
B. about 50 dozen
C. at least 100 dozen
How much should Sunshine realistically expect her production to increase with the new equipment?
A. about 50 dozen
B. at least 80 dozen
C. at least 100 dozen
Answer:
Which shop will benefit the most from its expansion?
B. Donny, because his workers currently have less available capital to work withThe law of marginal returns applies here, that is why Sunshine donuts didn't produce twice as many by using more machines
How much should Donny realistically expect his production to increase with the new equipment?
A. about 80 dozenSimilar to the additional production that Sunshine had in the past.
How much should Sunshine realistically expect her production to increase with the new equipment?
A. about 50 dozenMaybe even a little more than 50 dozen, but definitely less than 80 or 100.
Why is it so important that managers, and people in general, should act ethically and temper their pursuit of self-interest by considering the effects of their actions on others
Explanation:
A leader has an essential role in an organization, through his conduct his subordinates are encouraged, motivated and can become more or less productive.
Therefore, ethical conduct is essential for managers and all people who make up an organization, as ethics and behaviors for the benefit of the community will make the work environment more positive and an organizational culture focused on development, good attitudes and collaboration, essential elements for the creation of value in an organization, for the good positioning in the internal and external environment and for the motivation and satisfaction of the employees.
The Down Towner has sales of $748,320 and average accounts payable of $128,209. The cost of goods sold is equivalent to 62 percent of sales. How long does it take the company to pay its suppliers
Answer:
See below
Explanation:
Given the above information
Cost of goods sold would be = 62% × $748,320 = $463,958
Account payable days = (365 × $128,209)/$463,958
= 101 days
Assume you found the following stock quote for DRK Enterprises, Inc., at your favorite Web site. You also found that the stock paid an annual dividend of $.89, which resulted in a dividend yield of 1.6 percent. Assume the company has 92 million shares of stock outstanding and a P/E ratio of 21.
Company Symbol Vol Close Chg %Chg %Chg
DRK Enterprises DRK 18,649,130 ?? .26 .45% 8.73%
What was net income for the most recent four quarters?
Answer:
$234,690,475.84
Explanation:
Dividend yiedl = Annual dividend / Stock price
1.6% = $0.89 / Stock price
Stock price = $0.89/0.016
Stock price = $55.625
P/E Ratio = Stock price / EPS
21 = $55.625 / EPS
EPS = $55.625 /21
EPS = $2.6488
Net income = EPS * No of shares outstanding
Net income = $2.6488 * 92,000,000
Net income = $234,690,475.84
Therefore, the net income for the most recent four quarters is $234,690,475.84
A band wants to know what their most popular CD is so that they can have more copies made to sell. Which statistical measurement is the band most likely to use?
mean
mode
median
average
Answer:
B:mode
Explanation:
got it right
Answer:
its mode
Explanation:
they were right...should give me brainliest
Lavender Manufacturing Company began business in the current year. The company uses the simplified method to allocate mixed services costs to production. The company's costs and expenses for the year were as follows.
Direct labor $3,000,000
Direct materials 4,000,000
Factory supervision 800,000
Property tax on factory 100,000
Personnel department 400,000
Computer operations 250,000
General administration 550,000
Marketing 800,000
State income tax 200,000
Total $10,100,000
Required:
a. Determine Lavender's total production costs for the year.
b. Assume that the hourly pay for direct labor is much lower than the hourly pay for employees in the general administration and that the employee turnover is much higher for production employees than for the general administration employees. How should these facts affect the company's decision to use the simplified mixed services method to allocate mixed services costs to production?
Answer:
Am really sorry I don't know the answer
Mr. Frohardt donated $40,000 toward future scholarships. The scholarships are to be paid according to the following schedule:
• end of year 1: $1,000,
• end of year 2: $1,500,
• end of year 3: $2,000,
• and so on...
with the amount increasing $500 each year until the scholarship reaches $5,000. The annual scholarship will remain at $5,000 until the fund is depleted. If the account balance is less than $5,000 at the end of any year (i.e., after the awarding of the $5,000 for that year), that remaining amount immediately will be awarded as a smaller scholarship, and the account will be closed. The scholarship fund earns interest at an effective annual rate of 8%. Determine how many full $5,000 scholarships will be awarded.
Answer:
18 full scholarships will be awarded
Explanation:
year beginning interest scholarship ending
balance earned awarded balance
1 40000 43200 1000 42200
2 42200 45576 1500 44076
3 44076 47602 2000 45602
4 45602 49250 2500 46750
5 46750 50490 3000 47490
6 47490 51289 3500 47789
7 47789 51613 4000 47613
8 47613 51422 4500 46922
9 46922 50675 5000 45675
10 45675 49329 5000 44329
11 44329 47876 5000 42876
12 42876 46306 5000 41306
13 41306 44610 5000 39610
14 39610 42779 5000 37779
15 37779 40801 5000 35801
16 35801 38666 5000 33666
17 33666 36359 5000 31359
18 31359 33868 5000 28868
19 28868 31177 5000 26177
20 26177 28271 5000 23271
21 23271 25133 5000 20133
22 20133 21743 5000 16743
23 16743 18083 5000 13083
24 13083 14129 5000 9129
25 9129 9860 5000 4860
26 4860 5249 5000 249