Answer:
Depends on the product
Explanation:
Women love different scents, but they prefer ingredients that destroy the dryness from their hair, so if, let's say. a brand like TRESemme Shampoo and Conditioner starts putting heathier ingredients into it, and will put a box onto the bottle commonly on the back with words that read "TRESemme Keratin Smooth Shampoo contains natural keratin which strengthens hair and makes it unbelievably smooth.. It can even make your chemically-treated and damaged hair as smooth as before!" this can influence women's thought's to buy this product, so yes, yes an ad can influence a women's purchasing habits'.
Long story short: yesHow important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
andrews corporation uses the weighted-average method of process costing. the following information is available for february in its polishing department:equivalent units of production—direct materials 108,000 eupequivalent units of production—conversion 93,400 eupcosts in beginning work in process—direct materials $ 55,700costs in beginning work in process—conversion $ 40,900costs incurred in february—direct materials $ 470,500costs incurred in february—conversion $ 591,000the cost per equivalent unit of production for conversion is:
The cost per equivalent unit of production for conversion in Andrews Corporation's polishing department is approximately $6.76.
To determine the cost per equivalent unit of production for conversion in Andrews Corporation's polishing department, we need to calculate the total costs and divide them by the total equivalent units of production for conversion.
First, let's calculate the total costs:
Costs in beginning work in process—conversion: $40,900
Costs incurred in February—conversion: $591,000
Total costs = $40,900 + $591,000 = $631,900
Next, let's calculate the total equivalent units of production for conversion:
Equivalent units of production—conversion: 93,400
Now, we can calculate the cost per equivalent unit of production for conversion:
Cost per equivalent unit of production for conversion = Total costs / Total equivalent units of production for conversion
= $631,900 / 93,400
≈ $6.76 (rounded to two decimal places)
Therefore, the cost per equivalent unit of production for conversion in Andrews Corporation's polishing department is approximately $6.76.
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Buckle retail outlet stores are typically located in major and regional indoor shopping centers. Buckle's products appeal to customers who enjoy dressing in the latest denim and casual fashion. The sales associates are trained to deliver a high level of customer service, offering suggestions on sizing, selection, and putting outfits together. In addition, associates assist with after-sale service and are able to handle returns and provide money back or store credit if a customer does not have their sales receipt. Thus, sales associates are _______ to do what's necessary to assure customer satisfaction and loyalty, since they have authority to solve customer problems on the spot.
The sales associate should be empowered for assuring customer satisfaction & loyalty at the time when there is an authority for solving out the customer problem on the spot.
The following information should be relevant:
The salesperson should be empowered that represent it that it could make the decision regularly in order to make the customer experience. Here the empowered means the authority or the power for controlling the own lives.Therefore we can conclude that the sales associate should be empowered for assuring customer satisfaction & loyalty at a time when there is an authority for solving out the customer's problem on the spot.
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On june 1, 2022, spk company signed a $100,000, one-year, 6 percent note payable. Interest and principal are due at maturity. What amount will spk record for interest expense in their december 31, 2022 adjusting entries?.
$3500 sum will spk record for interest expense in their december 31, 2022
Interest = $ 6000 for 12 months.
From June to December there will be 7 months due,
therefore 7/12x6000 = $ 3500
An interest expense is the fetched brought about by an substance for borrowed reserves. Intrigued cost may be a non-operating cost appeared on the salary explanation. It speaks to intrigued payable on any borrowings—bonds, credits, convertible obligation or lines of credit. It is basically calculated as the intrigued rate times the exceptional foremost sum of the obligation. Interest expense on the income statement represents interest accrued during the period covered by the financial statements, and not the amount of interest paid over that period. While interest expense is tax-deductible for companies, in an individual's case, it depends on their jurisdiction and also on the loan's purpose.
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REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same
month, 104 snowboards were sold. REI uses a periodic inventory system.
Date
Sept. 1
Sept. 12
Sept. 19
Sept. 26
Explanation Units Unit Cost
Inventory
Purchases
Purchases
Purchases
Totals
13
48
56
23
140
$115
118
119
120
Total Cost
$ 1,495
5,664
6,664
2,760
$16,583
we can analyze REI's purchases of snowboards during September using a periodic inventory system. A periodic inventory system involves determining the cost of goods sold (COGS) and the ending inventory at the end of the accounting period. the cost of goods sold (COGS) for September is $19,582,760.
The given statement states that REI is a snowboard seller and the given information is related to the purchases made by the company in the month of September. The given information is provided below;481202,760$16,583To find the cost of goods sold (COGS), we need to follow a formula;COGS = Beginning inventory + Purchases - Ending inventoryCOGS = $16,583 + $481,202,760 - Ending inventoryGiven, Gross profit = Sales - COGSGross profit = $35,682,000 - COGSAs the value of Gross profit is given, we can put this value in the formula of Gross profit to calculate COGS;Gross profit = $35,682,000 - COGS$16,099,240 = $35,682,000 - COGSCOGS = $35,682,000 - $16,099,240COGS = $19,582,760.
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Assume you are the COO of Barcelona Restaurants and you realize that you have turned over probably 60% to 70% of management. Assume you believe that you have been hiring people with the correct technical skills to perform well but there have been other issues. For example, you believe that many of the managers have low confidence in their ability to be successful at whatever challenges or tasks they face so this creates a lot of stress and burn out. What might you do to help ameliorate this problem
.The program can also include regular feedback sessions, mentorship, and access to resources such as coaching and training.
The high turnover of management can be a symptom of a larger issue - the lack of confidence and support among managers. To address this, the COO can develop a managers' confidence and helping them succeed. This program can include workshops and training sessions that provide managers with the tools and skills they need to navigate challenges and make decisions. Additionally, feedback sessions can be part of the program to give managers regular opportunities to discuss their progress and challenges. Mentorship can also be offered to provide managers with guidance and support from experienced leaders.
Finally, the program can give managers access to resources such as coaching and training to help them develop their skills and knowledge. By providing managers with the support and resources they need, the COO can help reduce stress and burnout, and improve retention rates at Barcelona Restaurants.
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To help address the issue of low confidence and burnout among managers at Barcelona Restaurants, some strategies that can be implemented include ongoing training and development, fostering a supportive work culture, and implementing stress management techniques.
Explanation:To help ameliorate the problem of low confidence and burnout among managers at Barcelona Restaurants, there are several strategies you can implement:
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Finance theory asserts that if there are no transactions costs, no bankruptcy costs and investment policy is fixed, then the value of the firm will not be affected by capital structure.
True or False
False.
According to the Modigliani-Miller (MM) theorem, under certain assumptions, capital structure does not affect the value of a firm.
The assumptions include no taxes, no bankruptcy costs, no transaction costs, and no agency costs. However, the statement in the question only mentions no transaction costs and no bankruptcy costs while ignoring the other assumptions.
In reality, there are various factors that can affect the value of a firm's capital structure, even when transaction costs and bankruptcy costs are absent. These factors include taxes, agency costs, information asymmetry, and signaling effects. The presence of these factors can impact the cost of capital, financial distress risk, and the overall value of the firm. Therefore, the statement in the question is not fully accurate, and the correct answer is false.
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A 3rd degree burn has burnt only part of the epidermis. the epidermis only. the epidermis and dermis. the epidermis and part of the dermis.
A 3rd degree burn has burnt the epidermis and part of the dermis. Option 3 is the correct answer.
A 3rd degree burn is a severe burn that extends through the entire thickness of the skin. In a 3rd degree burn, the epidermis, which is the outermost layer of the skin, and part of the dermis, which is the layer beneath the epidermis, are affected. This type of burn destroys the full thickness of the epidermis and can extend into the deeper layers of the dermis.
The epidermis serves as a protective barrier for the body, preventing the entry of harmful substances and pathogens. It also helps regulate body temperature and plays a role in the production of vitamin D. The dermis provides structural support, contains blood vessels, nerve endings, sweat glands, and hair follicles.
Due to the severity of the injury, 3rd degree burns often require medical intervention and specialized treatment. They can result in extensive tissue damage, loss of sensation, and impaired healing. Treatment may involve surgical interventions, such as skin grafting, to promote healing and minimize the risk of infection. Rehabilitation and long-term care are often necessary to manage the physical and psychological effects of a 3rd degree burn.
Hence, option 3 is the right choice.
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What will be the list v printed by the following code? Select one: v=[1,2,3] values[3] =4 print(v) a. [1,4,3] b. Error c. [1,4,3] d. [1,3,3]
The list v printed by the following code is [1, 4, 3]. The correct answer is option c.
The code snippet v=[1,2,3] initializes a list v with values [1, 2, 3]. Then, values[3] = 4 assigns the value 4 to the index 3 of a non-existent list values. This statement will raise an error because the index 3 is out of range for the list values.
Since the error occurs before the print(v) statement, the code will not reach the print statement, and no output will be generated.
Therefore, the correct answer is c. [1, 4, 3], as the code will not execute successfully and no output will be displayed.
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The history of bananas
Using at least two terms from the unit, summarize the United States’ connection to the history of bananas, as documented in this TED talk.
There was a U.S corporation called El Pupo that specialized in trafficking bananas. Bananas fist officially reached America in the early 1500’s. By the end of the 1800’s, bananas were a big hit in the U.S.
How was bananas shoot introduced to the US for cultivation?Spanish explorers brought bananas to the Americas in the 1500s. The first banana shoot is thought to have been planted in the Caribbean islands in 1516. Bananas did not arrive in the United States until the 1800s, when sailors brought banana shoots back from the Caribbean.
Because fruit companies in the United States wanted to grow their own bananas, they bribed government officials to gain access to various lands. Rainforests were cleared, plantations were constructed, and the business grew from there.
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Find an article dealing with an opinion poll on a local, state ,or national issue. Write a paragraph summary of when and how the poll was conducted, and what the results indicated.
during the year, a local merchant donated a building to the city of stage coach. the original cost of the building was $300,000. accumulated depreciation at the date of the gift amounted to $250,000. the acquisition value of the donation at the date of the gift was $600,000. at what amount should stage coach record this donated property in the general fund?
The amount that Stage Coach should record this donated property in the general fund is $50,000.
Donated property is recorded in the general fund at the fair value of the asset. In this case, the acquisition value of the donated property at the date of the gift was $600,000. However, accumulated depreciation at the date of the gift amounted to $250,000.
Therefore, the net book value of the property at the date of the gift was $350,000 ($600,000 - $250,000). Since this is the fair value of the property at the time of donation, this should be the amount recorded by Stage Coach in the general fund.
However, since the original cost of the property was $300,000, and the net book value of the property was $350,000, this means that the property had appreciated in value by $50,000. Therefore, the entry to record the donated property in the general fund would be as follows:
Dr. Property $350,000Cr. Gain on Donation $50,000Cr. Contribution from Donor $300,000The Gain on Donation account is credited to record the increase in value of the donated property, while the Contribution from Donor account is credited to record the fair value of the asset.
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One can expect the heat transfer coefficient for turbulent flow to be for laminar flow. [1 Mark] a. less than b. same as c. greater than d. all of the above 2
a. greater than
The heat transfer coefficient for turbulent flow is generally greater than that for laminar flow. Turbulent flow is characterized by chaotic and irregular fluid motion, which enhances mixing and increases the rate of heat transfer.
The turbulent flow has higher momentum and more efficient mixing compared to laminar flow, resulting in a higher heat transfer coefficient. In laminar flow, fluid motion is smooth and orderly, leading to slower mixing and lower heat transfer rates.
Therefore, the heat transfer coefficient for turbulent flow is expected to be greater than that for laminar flow.
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What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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Identify and explain two reasons why effective communication within a business is important to the management
Answer:
Why effective communication within a business is important to the management?
In order to attain your objectives, it is critical to communicate well during negotiations. Within the business, communication is also crucial. Effective communication can aid in the development of a positive working connection between you and your employees, which can enhance morale and productivity.
Explanation:
It Builds and Maintains Relationships: Positive interactions with people help to form and maintain relationships. Communication will be crucial in this process; without it, it would be difficult to build and maintain fruitful partnerships. Communication is an important component of any relationship. Two people cannot be friends until they begin to communicate with one another. A supervisor-underling relationship is similar, in that the boss should be able to explain how to do his job to a new office worker.
It Facilitates Innovation: Collaboration and innovation inside the unit or organisation can be improved when employees feel free to express themselves. Employees, for example, will be able to share their ideas on how to improve a company process. Furthermore, if employees are unable to communicate their ideas owing to a lack of communication skills, the idea is unlikely to be fully implemented.
__________ economic problems were largely caused by running up enormous deficits.
The economic problems that were largely caused by running up enormous deficits are often associated with countries that have borrowed heavily to finance their spending and investments. These deficits occur when a government spends more money than it collects in revenue, which leads to a shortfall that must be made up through borrowing. Over time, this borrowing can accumulate, resulting in a large deficit that can be difficult to manage.
One of the most significant economic problems caused by running up enormous deficits is inflation. When a government borrows heavily to finance its spending, it can lead to an increase in the money supply, which can drive up prices and reduce the purchasing power of individuals. Additionally, high deficits can lead to a lack of confidence in a country's ability to repay its debts, which can cause investors to demand higher interest rates, further exacerbating the economic problems.
Other economic problems caused by running up enormous deficits include reduced economic growth, increased debt burdens, and the potential for a debt crisis. To avoid these problems, countries must be careful to manage their deficits carefully, balancing spending with revenue collection and working to reduce borrowing when possible. By doing so, countries can ensure a stable economic future and avoid the negative consequences of high deficits.
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LaBouche Company had cash receipts from customers in 2017 of $142,000. Cash payments for operating expenses were $97,000. Kelly has determined that at January 1, unearned service revenues was $13,000, and prepaid expenses were $17,500. At December 31, unearned service revenues was $18,600, and prepaid expenses were $23,100. The service revenues on cash basis is:
Select one:
a. $155,000
b. $147,600
c. $142,000
d. $136,400
At the end of the year, prepaid expenses were $23,100 and unearned service revenues were $18,600. The service's cash basis revenues total $136,400.
$142,000 plus $97,000, or $136,400, is the service revenue on a cash basis.
Revenue is the money made from regular business operations and is calculated by multiplying the average sales price by the quantity of units sold. In order to calculate net income, costs must be deducted from the top line (or gross income) figure. On the income statement, revenue is also known as sales.
A company's revenue is the money generated by its operations. Depending on the chosen accounting approach, there are several ways to compute revenue. Sales made using a credit card will be counted as revenue for products or services that were delivered to the customer. In accordance with some regulations, revenue is recorded even if payment has not yet been made.
To determine how effectively a business collects unpaid debt, it is important to review the cash flow statement. Contrarily, sales will only be recorded as revenue in cash accounting after money has actually changed hands. A "receipt" is money given to a business. An example of an activity that results in a receipt but no revenue is when a consumer prepays for a service or undeliverable products.
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Henry Ford paid his workers $5 a day in 1914 when the CPI was 10. Today with a price index at 177, the $5 a day is worth $88.50. True or false?
The statement Henry Ford paid his workers $5 a day in 1914 when the CPI was 10. Today with a price index at 177, the $5 a day is worth $88.50 is FALSE.
To determine the value of $5 in 1914 in terms of today's purchasing power, we need to adjust it for inflation using the CPI (Consumer Price Index). The CPI is a measure of the average change over time in the prices paid by urban consumers for a basket of goods and services. According to the Bureau of Labor Statistics, the CPI in 1914 was 10, while in 2021 it was 273.
To calculate the inflation-adjusted value of $5 in 1914, we can use the following formula:
(1914 CPI / 2021 CPI) x $5 = inflation-adjusted value of $5 in 1914
Plugging in the numbers, we get:
(10 / 273) x $5 = $0.18
Therefore, $5 in 1914 is equivalent to about $0.18 in 2021 dollars. This means that the $5 a day that Henry Ford paid his workers in 1914 would be worth about $177.50 today, not $88.50 as stated in the original statement.
It's worth noting that $5 a day was a relatively high wage for factory workers in 1914, and Ford's decision to pay his workers well helped him attract and retain a loyal workforce. However, the value of that wage has decreased significantly due to inflation over the past century.
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At the end of the year, Mercy Cosmetics’ balance of Allowance for Uncollectible Accounts is $400 (credit) before adjustment. The balance of Accounts Receivable is $15,000. The company estimates that 10% of accounts will not be collected over the next year. What adjustment would Mercy Cosmetics record for Allowance for Uncollectible Accounts?
Credit Bad Debt Expense $1,100 adjustment will bring the balance of Allowance for Uncollectible Accounts to a more accurate reflection of the potential uncollectible accounts.
Mercy Cosmetics would need to make an adjusting entry to increase their Allowance for Uncollectible Accounts balance to reflect the estimated 10% of accounts that will not be collected over the next year.
The estimated amount of uncollectible accounts can be calculated as $15,000 x 10% = $1,500.
Since the balance of Allowance for Uncollectible Accounts is currently at $400 (credit), the adjusting entry would be to debit the account by $1,100 ($1,500 - $400) to increase the balance to $1,100 (debit).
The journal entry to record this adjusting entry would be as follows:
Debit Allowance for Uncollectible Accounts $1,100
Credit Bad Debt Expense $1,100
This adjustment will bring the balance of Allowance for Uncollectible Accounts to a more accurate reflection of the potential uncollectible accounts, ensuring that the company's financial statements are more reliable.
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an export is a good or service: sold to a domestic buyer. purchased from a foreign seller. purchased from a domestic seller. sold to a foreign buyer.
d). sold to a foreign buyer
What is export?
China, the United States, Germany, the Netherlands, and Japan were the top five exporting nations in terms of dollars in 2019, according to research firm Statista.
China reported exports of goods totaling about $2.5 trillion, mainly machinery and electronic equipment. The majority of the $1.6 trillion in exports from the US were capital goods. made up the majority of Japan's exports, which totaled about $705 billion, as well as Germany's, which totaled about $1.5 trillion.
In the twenty-first century, there has been a significant increase in demand for Kentucky bourbon and American bourbon in general on the international market.
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QUESTION 4 of 10: A clothing designer is looking for a job that can cover her living expenses of $5,000 per month. If she plans on working
forty hours a week, with four weeks a month, what's the minimum hourly wage she needs?
Answer:
$31.25
Explanation:
40 hours a week x 4 weeks a month = 160 hours of work per month
$5,000 divided by 160 = $31.25
according to the penetration strategy, an entrepreneur tries to penetrate his or her firm's product or market further by _____.
According to the penetration strategy, an entrepreneur tries to penetrate his or her firm's product or market further by adjusting the price of the product. Penetration pricing strategy involves setting a lower price for the product than the competition to draw in consumers and acquire a larger market share.The goal of penetration pricing is to attract customers and gain market share quickly.
The product's price is deliberately set low, with the expectation that revenue will be generated by increased sales volume rather than by the price per unit.Market penetration pricing is a method of setting low prices to break into a new market or increase market share. It is most commonly used in situations where there is little or no competition, where the product is easily substitutable,
and where the cost of producing additional units is minimal. Additionally, the pricing strategy provides the company with information about consumers' willingness to pay for the product.The goal of market penetration pricing is to gain market share quickly by drawing in consumers who might otherwise be hesitant to try a new product or who might have been loyal to a competitor's brand in the past.
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Your company will generate in annual revenue each year for the next seven years from a new information database. If the appropriate discount is 8. 2 percent, what is the present value of savings?
The present value of savings is approximately $60,662.57, assuming that the company will generate $100,000 in annual revenue each year for the next seven years and that the appropriate discount rate is 8.2%.
To calculate the present value of savings, we need to use the present value formula, which is:
\(PV = FV / (1 + r)^n\)
Where PV is the present value, FV is the future value, r is the discount rate, and n is the number of periods.
In this case, we know that the future value (FV) is the annual revenue that the company will generate each year for the next seven years. We'll marginal cost assume that this value is $100,000.
So, using the formula, we can calculate the present value of savings as follows:
\(PV = $100,000 / (1 + 0.082)^7\)
\(PV = $100,000 / 1.649\)
PV = $60,662.57
Therefore, the present value of savings is approximately $60,662.57, assuming that the company will generate $100,000 in annual revenue each year for the next seven years and that the appropriate discount rate is 8.2%.
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If the price of a car is $3,500 with a 6% tax, and the percent of the down payment is 10%, what is the total amount of money you'll need to pay for the car? (total loan)
Based on the price of the car and the percent down payment, the total amount of money that you'll need to pay for the car is $560
What amount would you pay?The down payment on the car is:
= 3,500 x 10%
= $350
The tax on the car is:
= 3,500 x 6%
= $210
The total amount you'll need to pay for the car is:
= 350 + 210
= $560
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You are a project manager in a strong matrixed organization. Your project plan has been approved, and therefore you have management backing to execute. A stakeholder notifies you of critical functionality for the end product, which is missing in the design document.
Your next step is to:
Answer:
Ensure the change request is documented and presented to the Change Control Board.
Explanation:
As a project manager in a strong matrixed organization, it is important to ensure that all stakeholders are involved in the project planning and design process. However, in the event that a stakeholder notifies me of critical functionality that is missing in the design document, my next step would be to assess the impact of this missing functionality on the project timeline, budget, and overall success.
After assessing the impact as a project manager, I would then work with the project team and the stakeholder to identify potential solutions or workarounds that could address the missing functionality. This may involve revising the project plan, adjusting the budget, or potentially adding additional resources to the project team. It is important to communicate any changes or adjustments to the project plan to all stakeholders, including management, to ensure that everyone is aware of the impact on the project timeline and budget. Additionally, I would work with the design team to ensure that any revisions to the design document are captured and documented appropriately. Overall, as a project manager in a strong matrixed organization, it is important to remain flexible and adaptable in the face of changing stakeholder requirements and to work collaboratively with all project team members to ensure project success.
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Rollins Company accumulates the following adjustment data at December 31 . (a) Service revenue eamed but unbilled totals $600. (b) Store supplies of $300 are on hand. Supplies account shows $1,900 balance. (c) Utility expenses of $275 are unpaid. (d) Service revenue of $490 collected in advance has been eamed. (e) Salaries of $800 are unpaid. (f) Prepaid insurance totaling $400 has expired. Instructions (a) Prepare journal entries for each of the events above. (b) Indicate the type of adjustment (prepaid expense, uneamed revenue, accrued revenue, or accrued expense). Problem 3. In its first year of Operations Buddy Company earned $28,000 in service revenue, $6,000 of which was on account and still outstanding at year-end. The remaining $22,000 was received in cash from customers. The company incurred operating expenses of $14,500. Of these expenses $13,000 were paid in cash; $1,500 was still owed on account at year-end. In addition, Buddy prepaid $3,600 for insurance coverage that would not be used until the second year of Operations. Instructions (a) Calculate the first year's net earnings under the cash basis of accounting, and calculate the first year's net earnings under the accrual basis of accounting. (b) Which basis of accounting (cash or accrual) provides more useful information for decision makers?
(a) The first year's net earnings under the cash basis of accounting is $9,000.
(b) The first year's net earnings under the accrual basis of accounting is $13,500.
Accrual basis of accounting provides more useful information for decision makers.
Journal entries for the events above are as follows:
(a) Debit: Service Revenue Accounts Receivable $600 Credit: $600
(b) Debit: Supplies Expense Supplies $300 Credit: $300
(c) Debit: Utility Expense Accounts Payable $275 Credit: $275
(d) Debit: Unearned Service Revenue Service Revenue $490 Credit: $490
(e) Debit: Salaries Expense Salaries Payable $800 Credit: $800
(f) Debit: Insurance Expense Prepaid Insurance $400 Credit: $400
The types of adjustments are as follows:
(a) Unearned revenue
(b) Prepaid expense
(c) Accrued expense
(d) Accrued revenue
(e) Accrued expense
(f) Prepaid expense
In its first year of operations, Buddy Company earned $28,000 in service revenue. $6,000 of the revenue was on account and still outstanding at year-end, while the remaining $22,000 was received in cash from customers. The company incurred operating expenses of $14,500, with $13,000 paid in cash and $1,500 still owed on account at year-end. Additionally, Buddy prepaid $3,600 for insurance coverage that would be used in the second year.
(a) The first year's net earnings under the cash basis of accounting is $9,000.
(b) The first year's net earnings under the accrual basis of accounting is $13,500.
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What are the MPC, the MPS, and the multiplier?If the economy is currently in equilibrium at point a, and the full employment income is $4,000, how much in additional expenditures is needed to move this economy to full employment? What is the level of spending called?Assume that the economy is currently in equilibrium at point a and full employment income is $4,000. How much of a tax decrease would they require to move the economy to full employment?If intended saving is greater than intended investment, what happens to equilibrium and why?
We have that, the MPC (marginal propensity to consume) is the portion of additional income that is spent on consumption, while the MPS (marginal propensity to save) is the portion of additional income that is saved.
The multiplier is the factor by which an initial change in spending leads to a larger change in output and income. MPC and MPS determine how changes in income affect consumption and saving, with MPC + MPS always equal to 1. The multiplier (k) can be calculated as 1/(1-MPC) or 1/MPS, showing the effect amplifier of an initial change in spending on the economy.
To bring the economy to full employment, additional spending is needed to increase income and output. The level of spending needed depends on the multiplier and the gap between current breakeven income and full employment income ($4,000). The level of spending required to achieve full employment is called autonomous spending.
For a tax cut to move the economy to full employment, it must be large enough to induce more spending and close the gap between current equilibrium income and full employment income of $4,000.
If the expected saving is greater than the expected investment, equilibrium income will decrease. This occurs because excess saving will lead to reduced spending, causing output and income to decline until a new equilibrium is reached, where expected saving equals expected investment.
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True/False. Sport management researchers are interested in questions relating to marketing, finance, communication, human resources, and policy.
Questions pertaining to marketing, finances, communication, human resources, and policy are of interest to sport management researchers. This statement is True.
Sport management research is the act of locating and analyzing particular phenomena or problems that are peculiar to the field of sport management. Any topic, such as organizational behavior and theory, ethics, sponsorship and sales, governance, facility, and event management, or economics and finance, maybe the focus of the study.
Sports researchers can learn more about sports management through study, which also helps them better comprehend the various potential occurrences in the sector. The knowledge they obtain will help them in their efforts to enhance the organization.
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What is a system in which the government plans and determines the production of goods and services?.
A command economy is an economic system in which the government plans and determines the production of goods and services.
What is a command economy ?A command economy is a crucial component of a political system in which the degree of output that is permitted and the prices that may be paid for products and services are set by a central governing body. Most industries are owned by the public.The principal alternative to a command economy is a free market economy where supply and demand determine prices and output.A communist political system includes a command economy, whereas capitalist countries have a free market.In a command economy, the central authority establishes the amount of output, manages the flow of products, and sets the pricing.Government control, as opposed to private enterprise, according to proponents of command economies, can guarantee a just distribution of commodities and services.Learn more about Command economy refer :
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Why is it so hard to find essentials during times of crisis?
Answer:
because they are in high demand because so many other people want them