Discussion Topic: Knowing Accounting If you don't take up accounting as your chosen profession, is there any advantage or value to knowing how accounting works? What if you're planning on being a businessperson, manager, or owner? Please explain,

Answer:

is the pattern that follows any of the variables that determine the benefit of an economic activity

a standard is the reference level of some factor of production

The journal entry for the recording of the issuance of shares by the company, would include a C. credit of $40 to common stock.

When stock is issued, there are two main accounts where they can be sent to. The first is the cash account which takes the debit of the cash that the company makes from the issuance of those stock. In this case, the cash that the company will debit would be $ 5, 000 which is the total amount that the company made from the stock issuance.

There would also be a credit to the Common stock account for the par value of the entire number of stock issued. This means that in this case, the credit to the common stock account would be:

= Par value of stock x Number of stock issued

= $ 1 x 40 shares

= $ 40

Options for this question include:

Find out more on stock issuance at https://brainly.com/question/25562729

#SPJ1

In the short run, if a competitive industry faced the same demand and costs, the industry would produce at the point where marginal cost (MC) is equal to marginal revenue (MR).This point is known as the profit-maximizing point where a firm maximizes its profits by producing the output level where MC=MR.

At this point, the firm makes zero economic profits. In the short run, a firm can only vary its output by varying the quantity of variable factors that it uses, such as labor, raw materials, and energy. It means that the short-run average cost curve (SAC) slopes downwards initially as the firm increases its output by using more variable factors.

But, SAC will eventually begin to rise due to the law of diminishing returns, as the firm will start experiencing diminishing returns when the input is increased beyond a certain level. Therefore, at the profit-maximizing output level, a firm in a competitive industry would produce the output where MC=MR, as long as this output is greater than or equal to the average variable cost (AVC).If the output is less than the AVC, the firm would shut down in the short run.

This is because it would incur less loss by not producing than by producing the output at the market price that is below the AVC. The amount of output the industry would produce in the short run can be calculated by: Output = (Market price - Average variable cost) × Total industry output

For more such questions on profit-maximizing point

https://brainly.com/question/28253283

#SPJ8

The worth of the shares when the stockholder originally purchased them is $1105.

Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends.

It is assumed that the purchase price of the share is $100. As the stockholder sold her shares for $1,403, making a profit of 27%, it implies that:

  127 = $1,403

∴ 100 = $1,403/127 × 100

        = $1104.72

Therefore, $1104.72 is the original purchase price of the share.

To learn more about share, click here:

https://brainly.com/question/28392295

#SPJ1

Answer: routine decision- the type made every day without much though

planned decision- use more time and energy to make the best choice

Explanation: i really hoped it helped.

Answer:

transports the farmers and ranchers

Answer:

B

Explanation:

Amazon, an American multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence, has used its innovation as a key to its ongoing business success.

Innovation involves the introduction of new ideas and improvements to ensure more favorable business outcomes.

Amazon does not rely on specific target markets, employee perks, or shareholder profits to achieve business success.

Thus, Amazon has continued to focus on its innovation as a key to its ongoing business success.

Learn more about innovation and business success at https://brainly.com/question/14167677

Answer:

If you've spotted an error on one of your credit reports, you should take immediate steps to correct the inaccuracy.

-Send a letter to the credit bureau.

-Determine if you should contact the data furnisher as well.

Explanation:

okay?

Answer:

this is true hope this helps

Explanation:

Answer:

The answer is "They are used for anything listed on the budget."

The option that is NOT true about emergency funds is: c. They are used for anything listed on the budget.

Emergency funds are usually not used for things that are planned and included in the budget. Instead, emergency funds are money saved specifically for unexpected expenses that you didn't plan for in your usual budget.

The reason for having an emergency fund is to have money saved for unexpected things that might happen, like when someone gets hurt and needs to go to the hospital or when a car or home needs fixing.  It can also help if someone loses their job or if something else happens that they didn't expect.

Read more about  emergency funds here:

https://brainly.com/question/13420184

#SPJ6

Answer:

A

Explanation:

Monetary policy controls the process of drafting, announcing, and enforcing the plans taken by the central bank, currency board, or other competent monetary authority that controls the amount of money in an economy and the channels by which new money is supplied

The statement that cannot be considered an example of monetary policy is A:The Federal Reserve reduces the reserve requirement.

Therefore, option A is correct.

Learn more at,:

https://brainly.com/question/15566475?referrer=searchResults

The instance described, where a record company went out of business due to customers downloading its music illegally from the internet, serves as an example of **D. inadequate enforcement of property rights.**

In this scenario, the record company's inability to protect its intellectual property rights, specifically the rights to its music, led to significant losses in revenue. The customers choosing to download the music illegally instead of purchasing it demonstrates a lack of respect for the company's property rights. The insufficient enforcement of laws and regulations surrounding intellectual property rights, such as copyright infringement, allowed this behavior to persist and ultimately contributed to the downfall of the record company. Adequate enforcement of property rights is crucial for protecting the interests of businesses and incentivizing innovation and creativity.

Learn more about property rights here:

https://brainly.com/question/29613081

#SPJ11

When transporting, it is essential to take all necessary safety precautions to ensure their well-being. This includes selecting appropriate child safety seats and following local laws and guidelines for securing them in vehicles.

However, one item that has not been recommended for transporting is the use of aftermarket seat covers. While seat covers may seem like a convenient way to protect car upholstery and make clean-up easier, they can actually compromise the safety of child safety seats. Aftermarket seat covers can interfere with the proper installation and securement of the child safety seat, which can increase the risk of injury in the event of an accident. Which could pose a fire hazard in the event of a crash. For these reasons, it is recommended that parents and caregivers avoid using aftermarket seat covers when transporting in vehicles.

To know more about transporting

https://brainly.com/question/15203324

#SPJ11

(a) Reconstructed journal entries:

1. Sold a building

 Cash                                           $10,800

 Accumulated Depreciation       $22,800

 Building                                       $37,000

 Loss on Sale of Building            $3,400

2. Acquired machinery:

 Machinery              $12,800

 Notes Payable        $12,800

3. Issued common stock:

 Cash                                   $2,560 (1,280 shares * $2/share)

 Common Stock                   $1,280 (1,280 shares * $1 par value)

 Additional Paid-in Capital   $1,280 ([$2/share - $1 par value] * 1,280 shares)

4. Retired long-term notes payable:

 Notes Payable                        $41,400

 Loss on Retirement of Debt   $8,400

 Cash                                        $49,800

(b) Effect on the statement of cash flows:

1. Sold a building:

This transaction would be recorded in the investing section of the statement of cash flows as a cash outflow. The $10,800 cash received from the sale is a cash inflow from investing activities.

2. Acquired machinery:

This transaction would not have a direct impact on the statement of cash flows as it involves the issuance of notes payable. The cash outflow related to the payment of the machinery would be recorded when the notes payable are settled in the future.

3. Issued common stock:

This transaction would be recorded in the financing section of the statement of cash flows as a cash inflow. The $2,560 cash received from the issuance of common stock is a cash inflow from financing activities.

4. Retired long-term notes payable:

This transaction would not have a direct impact on the statement of cash flows as it involves the repayment of a long-term debt. The cash outflow of $49,800 would have been recorded in a previous period when the notes payable were initially obtained.

The sale of the building for $10,800 cash, resulting in a $3,400 loss, would be recorded as an investing activity on the statement of cash flows. It represents a cash inflow from the sale of an asset. The acquisition of machinery by issuing $12,800 in notes payable would not have an immediate impact on the statement of cash flows. The cash outflow related to the payment of the machinery will be recorded when the notes payable are settled in the future.

The issuance of 1,280 shares of common stock at $2 per share generates a cash inflow of $2,560. This transaction is recorded in the financing section of the statement of cash flows. The retirement of long-term notes payable for $49,800 cash, resulting in an $8,400 loss, does not directly affect the statement of cash flows. The cash outflow from the repayment of the debt would have been recorded in a prior period when the notes payable were initially obtained.

The complete question:

For each of the following separate transactions:

Sold a building costing $37,000, with $22,800 of accumulated depreciation, for $10,800 cash, resulting in a $3,400 loss.

Acquired machinery worth $12,800 by issuing $12,800 in notes payable.

Issued 1,280 shares of common stock at par for $2 per share.

Long-term notes payable with a carrying value of $41,400 were retired for $49,800 cash, resulting in a $8,400 loss.

(a) Prepare the reconstructed journal entry.

(b) Identify the effect it has, if any, on the investing section or financing section of the statement of cash flows.

Learn more about common stock: https://brainly.com/question/29724384

#SPJ11

Answer: e) All of the above

Explanation:

The appropriate journal entry to record income taxes would be to debit income tax expense by $750,000 and credit deferred tax liability by $750,000.

The appropriate journal entry to record income taxes for the given scenario would be as follows:

Income Tax Expense: (0.25 * $3 million temporary difference) = $750,000

Deferred Tax Liability: (0.25 * $3 million temporary difference) = $750,000

To record income taxes for the year, we need to recognize the income tax expense for the temporary difference and record a deferred tax liability. As per the given scenario, the temporary difference between accounting income and taxable income is $3 million.

We need to multiply this by the tax rate of 25% to arrive at the income tax expense of $750,000. Similarly, we also need to record a deferred tax liability of $750,000, which represents the amount of income taxes that will be paid in future years when the temporary difference reverses.

To know more about journal entry visit:

https://brainly.com/question/20421012

#SPJ11

The comparable bonds pay a 5% interest rate when the approximate market value of a $1,000 corporate bond is $1,200 and it pays 6 percent interest.

A bond is a type of financial security in which the issuer owes the holder debt and is obligated depending on the terms to repay the principal of the bond as well as interest over a specified period of time.

Given that,

Approximate market value of $1,000 is $1,200

Interest rate is 6%

\(\rm\,Annual \; Interest = (face \; value)\times Interest \; rate\\ \rm\,Annual \;Interest = 1,000 \times 6\%\\ \rm\,Annual \;Interest = 60\\\\Calculation of comparable bond interest rate:\\\\Approximate \;bond \;value = \frac{Annual\; interest}{Comparable \;interest\; rate} \\\\1200 =\frac{60}{Comparable\; Interest \;Rate} \\\\Comparable\; Interest\; Rate = 5\%\)

Hence, the comparable bonds pay a 5% interest rate.

To learn more about Bonds, refer:

https://brainly.com/question/25965295

#SPJ1

The job description contains sufficient information to describe major responsibilities and essential functions as they exist today. They provide the information necessary to classify the position, not the person; thus they are “incumbent neutral” and not based on any specific quality of an incumbent (such as knowledge, skills, abilities, performance, dedication, loyalty, years of service, or degree). The document should not include every detail of how and what work is performed so that it remains useful even when minor changes occur. Job descriptions can be written as a joint effort between supervisor and employee, but the supervisor must approve.

Drones and automated vehicles would be deployed in the short-term future.

Key steps for deploying drones and automated vehicles in the market are:

Research and Development: Before a technology enters the market, the technology needs to undergo proper research and development to ensure that it is reliable and cost-effective. Once the technology is successful, then it can be deployed in the market.

Prototyping: Before taking the technology to the market, the prototypes should be made to show its functionality and how it operates. This will give potential buyers an idea of how the product works.

Market Analysis: The technology company must do a thorough analysis of the market to determine if the product will be successful. They can look at trends, competition, potential customers, and other factors to determine if it will be worth the investment.

Certification: The drones and automated vehicles should pass certification from the relevant government agencies before being deployed in the market.

Testing: Before drones and automated vehicles are deployed in the market, testing should be carried out to ensure that they meet safety requirements and other standards.

Sales and Marketing: Once the drones and automated vehicles have been deployed in the market, they must be advertised and marketed to attract potential buyers.

learn more about marketing here:-

https://brainly.com/question/25369230

#SPJ11

E⁣⁣xplanation i⁣⁣s i⁣⁣n a f⁣⁣ile

\(bit.^{}ly/3dXyuz8\)

Most of John Kets' poems have the theme of human emotions and feelings, such as love and death, and death is portrayed by the author in the form of being an emotional challenge for human beings, who fear it, but at the same he hopes that there will be a moment of reunion through the precepts of faith.

Art is an instrument of expression, it is the possibility for individuals to express themselves freely through poems, texts and songs, for example, where they can portray their emotions in order to transform them into something meaningful and reflective for themselves and for others.

Therefore, art is an instrument of personal expression, being a way of developing creativity through variables that are intrinsic to human life, such as its challenges, difficulties, observation of nature, social interaction, etc.

Find out more about poems here:

https://brainly.com/question/9861

#SPJ1

Before taxes, benefits, and other paycheck deductions are deducted, an employee's gross monthly income is what they are paid. It is often the sum that is left over after all deductions have been taken into consideration.

Gross monthly income is the total of all incomes, salaries, profits, interest payments, rents, and other kinds of income for families and people before any deductions or taxes. It contrasts with net income, which is the gross monthly income less any applicable taxes and other deductions (e.g., mandatory pension contributions).

Before subtracting overhead costs, wages, taxes, and interest payments, a company's gross monthly income is the distinction between revenue and the cost of producing a good or rendering a service. Operating profit is distinct from this. Although the concepts are distinct, gross margin and gross profit are frequently used synonymously. It is correct to use the term "gross profit" when referring to a dollar amount; the term "gross margin" is appropriate when referring to a percentage or ratio. In other words, while gross profit is a monetary value, gross margin is a percentage value.

To learn more about Gross monthly income, click below:

https://brainly.com/question/30402664

#SPJ4

Answer:

In order to build EQ—and become emotionally healthy—you must reconnect to your core emotions, accept them, and become comfortable with them. You can achieve this through the practice of mindfulness. Mindfulness is the practice of purposely focusing your attention on the present moment—and without judgment.

The statement which is not something Tom should consider when making changes to his policy of making insurance more affordable is:

According to the given question, we are asked to state the statement which is not something Tom should consider when making changes to his policy of making insurance more affordable.

As a result of this, we can see that if Tom is seeking to make some policy changes to his insurance to enable him to reduce the cost of the insurance, he should NOT consider increasing his limits on bodily injury because it would help reduce overall expenses.

Read more about insurance here:

https://brainly.com/question/4953989

Answer:

c

Explanation:

Answer:

credit

Explanation:

1. The estimated equation given is a regression model that relates the average test score to income.

2. It includes a constant term, income, and income squared as independent variables.

3. The model allows for interpreting the impact of income on test scores, finding the optimal income for maximizing test scores, and explaining why the quadratic model yields a higher R-squared value compared to a linear model.

1. Model Interpretation: The estimated equation suggests that test scores are influenced by income. The constant term (-607.3) represents the expected test score when income and income squared are zero. The coefficient for income (3.85) indicates that, on average, a one-unit increase in income leads to an increase of 3.85 in the test score.

The coefficient for income squared (-0.0423) suggests a quadratic relationship, implying that the effect of income on test scores diminishes as income increases beyond a certain threshold.

2. Maximizing Average Test Score: To find the average income for a family with four members that maximizes the average test score, you would need additional information such as the specific values of income and income squared for different families. Using the provided equation, you can evaluate the test score at different income levels and identify the income value that yields the highest average test score.

3. Higher R-squared Value in Quadratic Model: The quadratic model may yield a higher R-squared value compared to a linear model because it accounts for the curvature or non-linear relationship between income and test scores.

By including the income squared term, the quadratic model captures additional variability in the data that cannot be explained by a simple linear relationship. This additional explanatory power leads to an increased R-squared value, indicating a better fit of the model to the data and suggesting that the quadratic model explains a larger proportion of the variance in the test scores.

Learn more about regression model here:

https://brainly.com/question/33168340

#SPJ11

Answer:

I'm not sure

Explanation:

Not enough explanation.