These financial statement items are for Riverbed Company at year-end, July 31, 2022.

Salaries and wages payable $1,800 Notes payable (long-term) $1,700
Salaries and wages expense 52,000 Cash 14,800
Utilities expense 22,600 Accounts receivable 10,700
Equipment 31,500 Accumulated depreciation-equipment 6,500
Accounts payable 4,600 Dividends 4,300
Service revenue 61,900 Depreciation expense 3,500
Rent revenue 8,500 Retained earnings (beginning of the year) 22,000
Common stock 32,400

Required:
Prepare an income statement for the year.

Answer:

Riverbed Company

Income statement for the year July 31, 2022

Service revenue                                                    61,900

Add Other Incomes

Rent revenue                                                          8,500

                                                                              70,400

Less Expenses

Salaries and wages expense           52,000

Utilities expense                                22,600

Depreciation expense                         3,500      (78,100)

Net Income / Loss                                                 (7,700)

Explanation:

In the Income Statement, we record Revenues and Incomes only. This Statement is used to calculate the Profit earned during the Reporting Period.

In 2020, Theresa was in an automobile accident and suffered physical injuries. The accident was caused by Ramon's negligence. In 2021, Theresa collected from his insurance company. She received $15,000 for loss of income, $10,000 for pain and suffering, $50,000 for punitive damages, and $6,000 for medical expenses that she had deducted on her 2020 tax return (the amount in excess of 7.5% of adjusted gross income). As a result of this, Theresa's 2021 gross income is increased by ___________

Victorinox is the name of the company that manufactures Swiss army knives. The _____ channel the company utilizes to get its knives to market is to wholesalers, than to retailers, and finally to consumers.

promotional
service
consumer
industrial
distribution

Can someone please help me on this

CASE STUDY:
Do you think that the present business environment is favorable to business
organizations? Discuss and give your suggestions with necessary justifications.

Ivanhoe Corp. has a deferred tax asset account with a balance of $72,800 at the end of 2019 due to a single cumulative temporary difference of $364,000. At the end of 2020, this same temporary difference has increased to a cumulative amount of $416,000. Taxable income for 2020 is $762,000. The tax rate is 20% for all years. No valuation account related to the deferred tax asset is in existence at the end of 2019.

Required:
a. Record income tax expense, deferred income taxes, and income taxes payable for 2020, assuming that it is more likely than not that the deferred tax asset will be realized.
b. Record income tax expense, deferred income taxes, and income taxes payable for 2017, assuming that it is more likely than not that none of the deferred tax asset will be realized.

Q2. Describe three roles of the Government in a Planned or Command Econom
What are some of its function? ​

The Clemson Company reported the following results last year for the manufacture and sale of one of its products known as a Tam.

Sales (6,500 Tams at $130 each) $845,000
Variable cost of sales 390,000
Variable distribution costs 65,000
Fixed advertising expense 275,000
Salary of product line manager 25,000
Fixed manufacturing overhead 145,000
Net loss ($55,000)

Clemson Company is trying to determine whether or not to discontinue the manufacture and sale of Tams. The operating results reported above for last year are expected to continue in the foreseeable future if the product is not dropped. The fixed manufacturing overhead represents the costs of production facilities and equipment that the Tam product shares with other products. Assume that discontinuing the Tam product would result in a $120,000 increase in the contribution margin of other product lines.

Required:
How many Tams would have to be sold next year for the company to be as well off as if it just dropped the line and enjoyed the increase in contribution margin from other products?

Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Balance Sheet Sales $ 38,000 Assets $ 27,300 Debt $ 6,700 Costs 32,600 Equity 20,600 Net income $ 5,400 Total $ 27,300 Total $ 27,300 The company has predicted a sales increase of 15 percent. It has predicted that every item on the balance sheet will increase by 15 percent as well. Create the pro forma statements and reconcile them. (Input all amounts as positive values. Do not round intermediate calculations.) What is the plug variable?

The following information is available for Trinkle Company for the month of June:

1. The unadjusted balance per the bank statement on June 30 was $81,500

2. Deposits in transit on June 30 were $3,150

3. A debit memo was included with the bank statement for a service charge of $40

4. A $5,611 check written in June had not been paid by the bank

5. The bank statement included a $950 credit memo for the collection of a note. The principal of the note was $900, and the interest collected amounted to $50

Required

Determine the true cash balance as of June 30. (Hint: It is not necessary to use all of the preceding items to determine the true balance.)

You should indicate that you are available for an interview in which part of a cover letter?


in the final paragraph

in the second paragraph

in the third paragraph

in the first paragraph

Information related to Pharoah Company is presented below.

a. On April 5, purchased merchandise on account from Riverbed Company for $28,800, terms 3/10, net/30, FOB shipping point.
b. On April 6, paid freight costs of $900 on merchandise purchased from Riverbed.
c. On April 7, purchased equipment on account for $29,000.
d. On April 8, returned $3,400 of merchandise to Riverbed Company.
e. On April 15, paid the amount due to Riverbed Company in full.

Required:
Prepare the journal entries to record these transactions on the books of Kerber Co. under a perpetual inventory system.

Cost-volume-profit analysis can also be used in making personal financial decisions. For example, the purchase of a new car is one of your biggest personal expenditures. It is important that you carefully analyze your options. Suppose that you are considering the purchase of a hybrid vehicle. Let’s assume the following facts. The hybrid will initially cost an additional $4,500 above the cost of a traditional vehicle. The hybrid will get 30 miles per gallon of gas, and the traditional car will get 20 miles per gallon. Also, assume that the cost of gas is $1.80 per gallon. Using the facts above, answer the following questions.

a. What is the variable gasoline cost of going one mile in the hybrid car?
b. What is the variable cost of going one mile in the traditional car?

Use the following information to answer this question.

Windswept, Inc. 2017 Income Statement ($ in millions)

Net sales $9,390
Cost of goods sold 7,660
Depreciation 455
Earnings before interest and taxes $1,275
Interest paid 100
Taxable income $1,175
Taxes 411
Net income $764

Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions)

2016 2017 2016 2017
Cash $210 $240 Accounts payable $1,290 $1,335
Accounts rec. 960 860 Long-term debt 1,080 1,280
Inventory 1,750 1,665 Common stock 3,300 3,190
Total $2,920 $2,765 Retained earnings 620 870
Net fixed assets 3,370 3,910 Total assets $6,290 $6,675


Required:
What is the quick ratio for 2017?

money is what money does discuss
​

critics of classical management theory

The cash records of Crane Company show the following. For July:

1. The June 30 bank reconciliation indicated that deposits in transit total $730. During July, the general ledger account Cash shows deposits of $18,550, but the bank statement indicates that only $15,720 in deposits were received during the month.
2. The June 30 bank reconciliation also reported outstanding checks of $910. During the month of July, Crane Company books show that $18,540 of checks were issued, yet the bank statement showed that $16,020 of checks cleared the bank in July. For September:
3. In September, deposits per bank statement totaled $27,280, deposits per books were $26,010, and deposits in transit at September 30 were $2,850.
4. In September, cash disbursements per books were $23,110, checks clearing the bank were $24,460, and outstanding checks at September 30 were $2,380. There were no bank debit or credit memoranda, and no errors were made by either the bank or Crane Company.

Required:
a. In situation 1, what were the deposits in transit at July 31?
b. In situation (2), what were the outstanding checks at July 31?
c. In situation (3), what were the deposits in transit at August 31?
d. In situation (4), what were the outstanding checks at August 31?

Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November.

Sales (6,900 units) $400,200
Variable expenses 262,200
Contribution margin 138,000
Fixed expenses 103,500
Net operating income $34,500

If the company sells 6,800 units, its net operating income should be closest to:________

a. $33,979
b. $32,500
c. $34,500

project requires an initial fixed asset investment of $148,000, has annual fixed costs of $39,800, a contribution margin of $14.62, a tax rate of 21 percent, a discount rate of 15 percent, and straight-line depreciation over the project's 3-year life. The assets will be worthless at the end of the project. What is the present value break-even point in units per year?

Match each type of business insurance with its description.
professional liability insurance
data theft insurance
commercial auto insurance
property insurance

To raise operating funds, Signal Aviation sold an airplane on January 1, 2018, to a finance company for $770,000. Signal immediately leased the plane back for a 13-year period, at which time ownership of the airplane will transfer to Signal. The airplane has a fair value of $800,000. Its cost and its book value were $600,000. Its useful life is estimated to be 15 years. The lease requires Signal to make payments of $102,771 to the finance company each January 1. Signal depreciates assets on a straight-line basis. The lease has an implicit rate of 11%.

Required:
Prepare the appropriate entries for Signal on:
1. January 1, 2018, to record the transaction
2. December 31, 2018, to record necessary adjustments

Which descriptions offer examples of Management and Entrepreneurship workers? Check all that apply.

Mona teaches potential customers how to use a product.
Bess supervises workers who help to improve the public’s perception of a company.
Julius organizes and oversees a company’s purchasing activities.
Charlie plans and arranges merchandise displays.
Debbie oversees the content of a website for a company that sells its product online.
Angelo directs the work of a company’s sales workers.

You have been tasked to conduct Market Research for an acquisition focusing on Wireless Devices (cell phones, PDAs, etc.) The results of your research will be presented to both management and the IPT that will work on this requirement and will be relied upon throughout the life of the resulting contract. This acquisition will incorporate requirements for several different federal agencies with an annual estimated value of $2 million.

Required:
What is true regarding how you should execute the market research for this acquisition?

Johanna Murray, a climate campaigner at The National Footprint Foundation, is known in her organization to be a campaigner of caliber and high performance. She has strong networks with the Ministry of Environment and allies with several environmental organizations in the country. Over the years, she has gained substantial knowledge on the issue of climate change. However, recently when she prepared a consolidated report on a conference she attended on climate change, it reflected major loopholes and limited information from the conference. Which of the following, if true, substantiates that Johanna had an anchoring bias?
A) Johanna was moved by the arguments put forth by the first speaker.
B) Johanna participated actively in the interactive session conducted at the end.
C) The speakers at the conference consisted of renowned environmental scientists and activists.
D) Johanna has attended several conferences where the panel consisted of eminent scientists.
E) Johanna was shocked by the startling facts shown during the concluding session.

Select all of the examples of a scenario in which the firm is demonstrating financial weakness.

a. An ROA of 0.7 when the industry average is 1.4.
b. A current ratio of 0.5.
c. An ROE of 1.4 when the industry average is 1.15.
d. A quick ratio above the industry average of 0.9.
e. A fixed asset ratio of 0.6 when the industry average is 1.1.
f. A debt capital ratio of 0.7 when the industry average is 0.15

explain why strong brands are important to both companies and consum

How has the 'gig economy' impacted variable and fixed costs for businesses?

Hassick Corporation produces and sells a single product whose contribution margin ratio is 63%. The company's monthly fixed expense is $460,530 and the company's monthly target profit is $19,000. The dollar sales to attain that target profit is closest to:

On January 1, 2016, D Corp. granted an employee an option to purchase 8,500 shares of D's $3 par common stock at $21 per share. The options became exercisable on December 31, 2017, after the employee completed two years of service. The option was exercised on January 10, 2018. The market prices of D's stock were as follows: January 1, 2016, $31; December 31, 2017, $57; and January 10, 2018, $45. An option pricing model estimated the value of the options at $8 each on the grant date. For 2016, D should recognize compensation expense of:A. $ 0.B. $131,750.C. $25,500.D. $34,000.

2.
Which form of interest provides the greater return?
a. simple
b. compound
C. complex
d. fragment

do you agree that the quality of interaction is directly proportional to the effectiveness of the manager why? helppppp please​