Answer:
because it was used up
Explanation:
Business writing is more forceful when it uses active- voice verbs. Revise the following sentences so that verbs are in
the active voice. Put the emphasis on the doer of the action. Add subjects if necessary.
Example Antivirus software was installed on her computer.
Revision Madison installed antivirus software on her computer.
a. To protect students, laws were passed in many states that prohibited the use of social security numbers as identification. 

b. Software was installed to track how much time employees spend surfing the Web. 

c. Checks are processed more quickly by banks because of new regulations. 

d. Millions of packages are scanned by FedEx every night as pack- ages stream through its Memphis hub. 

e. Companies are being advised by analysts that tablet computers have to be replaced more often than PCs. 

Answer:
a. To protect students, laws were passed in many states that prohibited the use of social security numbers as identification.
Revision: Law makers in order to protect students passed laws in many states that that prohibited the use of social security numbers as identification.
b) Software was installed to track how much time employees spend surfing the Web.
Revision: The IT department installed software to track how much time employees spend surfing the Web.
c. Checks are processed more quickly by banks because of new regulations.
Revision: The banks are now processing checks more quickly because of new regulations.
d) Millions of packages are scanned by FedEx every night as pack- ages stream through its Memphis hub.
Revision: FedEx scans millions of packages every night as packages stream through its Memphis hub.
e) Companies are being advised by analysts that tablet computers have to be replaced more often than PCs.
Revision: Some analysts have given advise to companies that tablet computers have to be replaced more often than the PCs.
Alcorn Service Company was formed on January 1, Year 1.
Events Affecting the Year 1 Accounting Period
1. Acquired $66,000 cash from the issue of common stock.
2. Purchased $2,400 of supplies on account.
3. Purchased land that cost $30,000 cash.
4. Paid $2,400 cash to settle accounts payable created in Event 2.
5. Recognized revenue on acount of $54,000
6. Paid $27,000 cash for other operating expenses.
7. Collected $44,000 cash from accounts receivable.
Information for Year 1 Adjusting Entries
8. Recognized accrued salaries of $3,800 on December 31, Year 1.
9. Had $800 of supplies on hand at the end of the accounting period.
Events Affecting the 2019 Accounting Period
1. Acquired $26,000 cash from the issue of common stock.
2. Paid $3,800 cash to settle the salaries payable obligation.
3. Paid $5,400 cash in advance to lease office space.
4. Sold the land that cost $30,000 for $30,000 cash.
S. Received $6,600 cash in advance for services to be performed in the future.
6. Purchased $1,600 of supplies on account during the year.
7. Provided services on account of $38,000.
8. Collected $39,000 cash from accounts receivable.
9. Paid a cash dividend of $5,000 to the stockholders.
10. Paid other operating expenses of $25,500.
Information for 2019 Adjusting Entries
11. The advance payment for rental of the office space (see Event 3) was made on March 1 for a one-year term.
12. The cash advance for services to be provided in the future was collected on October 1 (see Event 5). The one-year contract started on October 1.
13. Had $900 of supplies remaining on hand at the end of the period.
14. Recognized accrued salaries of $4,500 at the end of the accounting period.
15. Recognized $1,000 of accrued interest revenue.
Required:
Identify each event affecting the 2018 accounting periods as asset source (AS), asset use (NJ), asset exchange (AE), or claims exchange (CC).
Answer:
1. Asset Source
2. Asset Source
3. Asset Exchange
4. Asset Exchange
5. Asset Source
6. Asset Use
7. Asset Exchange
8. Claim Exchange
9. Asset Use
10. Asset Use
Explanation:
Asset use is the daily operating activities in a business where transactions are performed and assets are purchase for use. These are routine day to day activities for a business. Asset exchange is the acquisition of asset with another asset. Asset Source is the funding of business through cash and cash equivalents. Claim exchange is the pending assets which is claimed by the business.
Two metrics that are used to measure a company's financial performance are net income and cash flow. Accountants emphasize net income as calculated in accordance with generally accepted accounting principles. Finance people generally put at least as much weight on cash flows as they do on net income. Question 9 options: True False
Answer:
true
Explanation:
Finance people place greater weight on cash flows that net income.
Net income = total revenue - total cost
Cash flow is the movement of cash and cash equivalents in and out of an organisation.
Even though a company may be generating a positive net income, the positive net income may not be from sustainable sources, so it is for this reason that cash flows are examined.
also, cash flows are less subject to manipulation when compared with net income.
It is for these reasons that finance people place more importance on cash flows
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.
I need help answer this question please
Suppose there are only two firms that sell tablets, Padmania and Capturesque. The payoff matrix below shows the profits (in millions of dollars) each company will earn depending on whether it sets a high or low price for its tablets. For example, the lower-left cell shows that if Padmania prices low and Capturesque prices high, Padmania will earn a profit of $15 million and Capturesque will earn a profit of $2 million. Assume this is a simultaneous game and Padmania and Capturesque are both profit-maximizing firms.
Capturesque
Padmania high price low price
high price 11,11 2,15
low price 15, 2 8, 8
1. If Padmania prices high, Capturesque will make more profit if it chooses a _____ price, and if Padmania prices low, Capturesque will make more profit if it chooses a _____ price.
2. If Capturesque prices high, Padmania will make more profit if it chooses a _____ price, and if Capturesque prices low, Padmania will make more profit if it chooses a _____ price.
3. Considering all of the information given, pricing low _____ a dominant strategy for both Padmania and Capturesque.
4. If the firms do not collude, what strategies will they end up choosing?
a. Both Padmania and Capturesque will choose a low price.
b. Padmania will choose a high price and Capturesque will choose a low price.
c. Both Padmania and Capturesque will choose a high price.
d. Padmania will choose a low price and Capturesque will choose a high price.
5. True or False: The game between Padmania and Capturesque is an example of the prisoners' dilemma.
Answer:
low low
2. low low
3. pricing low is a dominant strategy for Padmania and Capturesque.
4. price low
5. yes
Explanation:
Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.
Dominant strategy is the best option for a player regardless of what the other player is playing.
Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.
A prisoner's dilemma is when there is a motivation for a player to make a decision that would create a less optimal outcome for other players
If Padmania prices high, Capturesque can either charge low or high. If it charges low, it would earn 15 and if it charges high, it would earn 11. It is better to charge low.
if Padmania prices low, Capturesque can either charge low or high. If it charges low, it would earn 8 and if it charges high, it would earn 2. It is better to price low
If Capturesque prices high, Padmania can either charge low or high. If it charges low, it would earn 15 and if it charges high, it would earn 11. It is better to charge low.
If Capturesque prices low, Padmania can either charge low or high. If it charges low, it would earn 8 and if it charges high, it would earn 2. It is better to charge low.
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!
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%
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:
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
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
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
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:
I wanna know about debit and credit full explanation
Answer:
Explanation:
A debit is an entry made in an account. It either increases an asset or expense account or decreases equity, liability, or revenue accounts.
A credit is an entry alsom made in an account. It either increases equity, liability, or revenue accounts or decreases an asset or expense account.
Answer:
CREDIT vs. DEBIT
Explanation:
Debit :- A debit is an accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet ... For instance , if a firm takes out a loan to purchase equipment , it would debit fixed assets and at the same time credit a liabilities account , depending on the nature of the loan .
Credit :- Generally defined as a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at a later date—generally with interest .
Main Difference :- When you use a debit card, the funds for the amount of your purchase are taken from your checking account in almost real time . When you use a credit card , the amount will be charged to your line of credit , meaning you will pay the bill at a later date , which also gives you more time to pay .
Can someone please help me. I’ll report if your guessing
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
After a financial crisis hits the country of Barbaria, 8 million people become unemployed. If 35 million individuals are lucky enough to keep their jobs, what is the unemployment rate
Answer:
18.60%
Explanation:
Total labor force = $8 million + $35 million = $43 million
Unemployment Rate = (Unemployed/Labor force)*100
Unemployment Rate = $8 million/$43 million * 100
Unemployment Rate = 0.1860465 * 100
Unemployment Rate = 18.60%
What is the ability to adapt to changes?
A Master Plan
B Inventory
C Flexibility
D Timeline
Answer:
The answer is C Flexibility.
Explanation:
Answer:
a .master plan
Explanation:
im not sure
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.
at the beginning of the month there were no units in beginning work in process and 115,000 units were begun during the month. At the end of the month there were 40,000 units that were 30% complete as to conversion costs in ending work in process. If all materials are included when the production begins, the equivalent units for conversion costs is:
Answer:
The equivalent units for conversion costs is 87,000 units
Explanation:
First, we need to calculate the completed during the month
Completed units = Units begun during the month - Units in Work in process
Completed units = 115,000 - 40,000
Completed units = 75,000 units
Now calculate the equivalent unit in respect of conversion cost as follow
Equivalent units ( Conversion cost ) = Units completed in the month + ( Units in work in process x percentage of completion )
Equivalent units ( Conversion cost ) = 75,000 units + ( 40,000 x 30% )
Equivalent units ( Conversion cost ) = 75,000 units + 12,000 unints
Equivalent units ( Conversion cost ) = 87,000 units
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.
Brody Corp. uses a process costing system. Beginning inventory for January consisted of 1,900 units that were 46% completed. 10,300 units were started during January. On January 31, the inventory consisted of 530 units that were 76% completed. How many units were completed during the period
Answer:
11,670
Explanation:
Calculation for How many units were completed during the period
Beginning inventory 1,900
Add units started 10,300
Less ending inventory equals completed units 530
Units completed 11,670
(1,900+10,300-530)
Therefore How many units were completed during the period were 11,670
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.
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
Lauren Fine Clothing manufactures clothes for professional women. Lauren applies overhead at the rate of $15 per direct labor hour. During April, the company has budgeted 9,420 direct labor hours. At the end of April, 9,200 direct labor hours and $132,670 in manufacturing overhead had been incurred. To adjust for the difference between applied and incurred overhead, which journal entry would the firm record (using the pro-rated approach) given the following ending balances:
Answer: Debit MOH and credit cost if goods sold by 5330.
Explanation:
From the question, we are given the following information:
Overhead rate = $15 per direct labor hour
Direct labor hour incurred = 9,200
Manufacturing overhead cost incurred $132,670
We will then calculate the value for the applied manufacturing overhead which will be the direct labor hour incurred multiplied by the predetermined overhead rate. This will be:
= 9,200 x 15
= $138,000
Then, we have to calculate the overapplied manufacturing overhead which will be:
= $138,000 - $132,670
= $5,330
The journal entry will then be:
Debit: Manufacturing overhead (MOH) $5330
Credit: Cost of goods sold $5330
nicholas omgnicholas omgnicholas omgnicholas omg
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
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
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 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