May 16, 2019 business paid $5,000 to the contractors for help to complete the Project#1 2) May 16, 2019 business confirm $2,200 materials already been used for project#1 3) May 17, 2019 business complete the basement design service project #2 $7,800 for the customer. The mo uture (4) May 18, 2019 business owner withdrew $2,000 cash from the business bank acc 15) May 28, 2019 business paid front employee wages again in cash 16) May30, 2019 received the utility bill $850 for the electricity and energy used during the month, paid in ca 17) May31, 2019 business found only $400 supplies left over there 18) May31, 2019 business need to record the current month rent expense since the business has been a tena 19) May31, 2019 Business need to record the used-up part of the equipment. 20) May31, 2019 business need to record the used-up part of the truck 21) May31, 2019 business recorded the May interest expense of the above truck loan Please use the in-class example as reference to make financial reports for the above May, 2019 transac 1) May 16, 2019 business paid $5,000 to the contractors for help to complete the Project#1 2) May 16, 2019 business confirm $2,200 materials already been used for project#1 3) May 17, 2019 business complete the basement design service project #2 $7,800 for the customer. The mo uture (4) May 18, 2019 business owner withdrew $2,000 cash from the business bank acc 15) May 28, 2019 business paid front employee wages again in cash 16) May30, 2019 received the utility bill $850 for the electricity and energy used during the month, paid in ca 17) May31, 2019 business found only $400 supplies left over there 18) May31, 2019 business need to record the current month rent expense since the business has been a tena 19) May31, 2019 Business need to record the used-up part of the equipment. 20) May31, 2019 business need to record the used-up part of the truck 21) May31, 2019 business recorded the May interest expense of the above truck loan Please use the in-class example as reference to make financial reports for the above May, 2019 transac
Answers
The report generated based on the above is called Financial Summary Report - May 2019.
What is the financial summary report?Financial Summary Report - May 2019
1. May 16, 2019
- Business paid $5,000 to the contractors for help to complete Project #1.
- Business confirmed $2,200 worth of materials already used for Project #1.
2. May 17, 2019
- Business completed the basement design service project #2 for a customer, generating $7,800 in revenue.
3. May 18, 2019
- Business owner withdrew $2,000 cash from the business bank account.
4. May 28, 2019:
- Business paid front employee wages in cash.
5. May 30, 2019
- Business received the utility bill of $850 for the electricity and energy used during the month, paid in cash.
6. May 31, 2019
- Business found only $400 worth of supplies left over.
- Business recorded the current month rent expense since the business has been a tenant.
- Business needs to record the used-up part of the equipment.
- Business needs to record the used-up part of the truck.
- Business recorded the May interest expense of the above truck loan.
This report summarizes the financial activities of the business during the month of May 2019. It includes details of expenses, revenue, withdrawals, and other financial transactions.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
1) May 16, 2019: Business paid $5,000 to the contractors for help to complete Project#1.
2) May 16, 2019: Business confirmed $2,200 materials already used for Project#1.
3) May 17, 2019: Business completed the basement design service for Project #2, receiving $7,800 from the customer.
4) May 18, 2019: Business owner withdrew $2,000 cash from the business bank account.
5) May 28, 2019: Business paid front employee wages in cash.
6) May 30, 2019: Business received the utility bill of $850 for electricity and energy usage during the month, paid in cash.
7) May 31, 2019: Business found only $400 supplies left over.
8) May 31, 2019: Business needs to record the current month's rent expense as they have been a tenant.
9) May 31, 2019: Business needs to record the used-up part of the equipment.
10) May 31, 2019: Business needs to record the used-up part of the truck.
11) May 31, 2019: Business recorded the May interest expense of the above truck loan.
Please note that the list provided is based on the given information and has been arranged in chronological order.
Related Questions
honesty, dependability, customer orientation, expertise, and compatibility are all factors that salespeople use. when they do so, what is their goal?
Answers
The practice of professional selling has changed with the arrival of better educated and more sophisticated people buyers,better access to information.
Trust can be built using any of the trust builders. It is the seller's job to determine which trust attributes are critical through questioning. The ability of salespeople in these organizations to earn the trust of their customers is essential.Customer orientation experience reliability compatibility. Business writing is a skill, for example.Experience refers to the ability, knowledge,and resources to meet customer expectations.Reliability is the predictability of a person's actions.To earn customers trust,salespeople must be customer-oriented, honest,and trustworthy.They must also be competent and able to display the five dimensions of trust in sales customer orientation, sales orientation,experience,likability,and trustworthiness.
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List three types of market structure
Answers
Answer:
perfect competition, imperfect competition, oligopoly, and monopoly. Perfect competition describes a market structure, where a large number of small firms compete against each other with homogenous products.
if the purchase price of a bottle of california wine is $24 and the sales tax is $1.50, what is the sales tax rate?
Answers
The sales tax rate is 6.25 %
Purchase price of a bottle = $24
the sales tax = $1.50
the sales tax rate = 1.50/24 x 100
= 6.25 %
A sales tax is a tax paid to a governing body for the sales of certain items and offerings. generally legal guidelines permit the vendor to acquire budget for the tax from the consumer at the point of purchase. while a tax on items or services is paid to a governing frame immediately by way of a customer, additionally it is referred to as a use tax.
A sales tax is levied on retail income of goods and services and, ideally, need to apply to all very last intake with few exemptions. Many governments exempt items like groceries; base broadening, which include inclusive of groceries, may want to maintain fees lower.
A sales tax is one that applies to the purchase of products and services for purchasers and to the sale of products and offerings for agencies. it's a form of consumption tax, which means it taxes human beings for spending money.
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Which of the following are laws which protect workers?
Answers
Answer:
The Equal Employment Opportunity Commission (EEOC) enforces federal laws prohibiting employment discrimination. These laws protect employees and job applicants against: Discrimination, harassment, and unfair treatment in the workplace by anyone because of: Race.
Explanation:
Read the stage direction: As the first of the mob reaches the bottom steps. The screen door opens and Goodman comes out, a man in his early forties who first greets them smiling and then letting the smile fade as he sees the faces. Based on the stage direction, what should the reader visualize? *
a group of people calmly approaching Goodman’s home
a group of confused people rushing to safety at Goodman’s home
a group of angry people approaching Goodman’s home
a group of people rushing to save Goodman from the outage
Answers
Answer:
C.
Explanation:
A group of angry people. L(-_-)\
\
Answer:c lol angry people
Explanation:
List three effective strategies to handle criticism, pressure, and gossip in the workplace.
Answers
Answer:
Don´t take it personally.
See criticsim as help.
Don´t be too hard on yourself.
Do not get defensive and start making excuses.
Explanation:
____ invest in highly liquid, relatively safe securities with very short maturities.
Answers
Money market funds invest in highly liquid, relatively safe securities with very short maturities.
Money market funds are a type of mutual fund that invests in short-term debt securities, such as treasury bills, commercial paper, and certificates of deposit. These securities typically have a maturity of less than one year, which makes them highly liquid and low-risk investments.
Money market funds are designed to provide investors with a low-risk investment option that offers higher returns than traditional savings accounts or other low-risk investments. They are an attractive option for investors who want to preserve capital while earning a modest return.
Money market funds are regulated by the Securities and Exchange Commission (SEC) and are required to maintain a stable net asset value (NAV) of $1 per share. This means that the value of the fund's assets should always be greater than the value of its liabilities, ensuring that investors do not lose money.
Overall, money market funds are a conservative investment option that provides investors with a relatively safe and stable return on their investment.
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The overall process of​ strategy, organization, concept​ generation, product and marketing plan creation and​ evaluation, and commercialization of a new​ product is the definition of?
Answers
The definition of the product development process is the total procedure of strategy, organization, concept generation, product and marketing plan formulation and evaluation, and commercialization of a new product.
What is the process of developing a product?Every step needed to bring a product from inception to market availability is included in the product development process. This involves identifying a market need, researching the competitive environment, imagining a solution, developing a product roadmap, developing a minimum viable product, etc.
Because they are ultimately responsible for the success or failure of the company's products, product managers serve as the strategic driving force behind the product development process.
However, this procedure is not purely a product management task. Numerous teams from within an organization must collaborate on and contribute to product development, including:
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Creating and providing improved working conditions has created a number of emerging careers.
True or false
Answers
Answer:
true
Explanation:
because if you improve the way thing look and the way thing work people will find working there amusing.
Sam is a taxi driver who uses his cab 100% for business. he traded in his old cab and paid 20,000.00 to get a new cab valued at 30,000.00 he originally paid 25,000.00 for the old cab and claimed 18,000 of cost recoveries before the trade in what is the basis in the new cab
Answers
The new cab = 30000
Adjusted foundation in vintage cab (25000 - 18000) = 7000
Upload: advantage identified on exchange ( 30,000-20,000) - (7000) = 3000
Add: coins paid for new cab = 20,000
Sam's foundation on the new cab = 30,000
So 30,000 is the answer.
Paid way to do with the money an employee receives from his or her company. you could say, as an example, that a person is nicely paid after they get hold of a whole lot of cash for the work that they do.
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What is one benefit US workers who have a college degree rather than a high school diploma?
Answers
Answer:
Those with a college degree earn nearly twice as much as those without college.
Explanation:
A college degree increases the chances of securing a higher paying job than a high school diploma. Most employers insist on college degrees for managerial or executive positions. These are the positions with good pay packages. Currently, college graduates earn nearly twice their high school diploma holders.
Answer:
D.
Explanation:
the person above me is correct
A family of three living in georgia is thinking about filing bankruptcy. in order to file for chapter 7 bankruptcy, what must be true about their monthly income? a. the family's monthly income must be less than $5,092. b. the family's monthly income must be more than $5,092. c. the family's monthly income must be less than $4,605. d. the family's monthly income must be more than $4,605.
Answers
Answer: A. The family’s monthly income must be less than $5,092
Explanation: edge 2022
Type the correct answer in the box. Spell all words correctly.
Ideally, what should more than one member of the family contribute to for a better financial position?
A family can have more than one person contributing to the household _______
for a better financial position.
Answers
A family can have more than one person contributing to the household income for a better financial position.
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♥️ \(\large{\underline{\textcolor{red}{\mathcal{SUMIT\:\:ROY\:\:(:\:\:}}}}\)
the concept of identifying customer needs; understanding and influencing customer behavior through ongoing communication strategies in an effort to acquire, retain, and satisfy the customer is known as
Answers
'The concept of identifying customer needs; understanding and influencing customer behavior through ongoing communication strategies in an effort to acquire, retain, and satisfy the customer is known as customer relationship management.
Customer relationship management is the process by which a company or other organization manages its interactions with customers, typically using data analytics to go through large amounts of information.
Customer Relationship Management (CRM) is the technology for managing all relationships and interactions between a business and its customers and prospects. Our goal is simple. to improve business relations. CRM systems help businesses stay connected with customers, streamline processes, and improve profitability.
Customer Relationship Management (CRM) is the combination of practices, strategies, and technologies companies use to manage and analyze customer interactions and data throughout the customer lifecycle. The goal is to improve customer service relationships, support customer retention, and drive revenue growth.
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what is 1635436743 times 76354
Answers
Answer:
1.2487214e+14
Explanation:
The journal entry to record the collection of the amount due on an interest-bearing promissory note from a customer would debit Cash, credit Interest Income, and
Answers
The journal entry to record the collection of the amount due on an interest-bearing promissory note from a customer would debit Cash (as cash is received), credit the Notes Receivable account (to reduce the balance of the promissory note), and credit Interest Income (to record the interest earned on the note).
The specific journal entry would be as follows: Debit: Cash Credit: Interest Income Credit: Notes Receivable This entry reflects the receipt of cash from the customer, which is debited to the Cash account. The credit to Interest Income represents the interest earned on the promissory note, and the credit to Notes Receivable reduces the outstanding balance of the note since it has been collected.
By making these entries, the company recognizes the receipt of cash, acknowledges the interest income earned, and updates the accounting records to reflect the collection of the note receivable from the customer
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how should the organization keep track of the number of candy bars ordered and the number sold
Answers
William wrote a check for $150.00 for his gas bill, but he only has 96.26 in his checking account. What will happen to the check when it is presented for payment
Answers
Answer:
The person will ask William to check his checking account and then William would have to lower the check amount he had previously wrote.
Explanation:
If you write a check or make a purchase for more than you have in your checking account, your bank may cover the difference. This line of credit offered by the bank is called overdraft protection. ... Furthermore, if your account remains overdrawn, your bank may also charge you daily interest on the loan.
You own a mobile Taco Truck. You have a short list of competitors. Which TWO would be considered your Indirect Competition?
Select 2 correct answer(s)
A.) Mobile Fish and Chips Truck
B.) A local Taco Bell franchise
C.) Walk-up Mexican Food stand
D.) A local Burger King franchise
Answers
The two options that could be considered indirect competition for a mobile Taco Truck are (A) Mobile Fish and Chips Truck (C) Walk-up Mexican Food stand
Indirect competition refers to businesses that offer different products or services but still target the same customer base or satisfy similar customer needs. In this case, the Taco Truck, Fish and Chips Truck, and Walk-up Mexican Food stand all fall under the category of mobile food vendors and offer food options to customers.
The Mobile Fish and Chips Truck is an example of indirect competition because it provides a different type of cuisine compared to the Taco Truck. While the Taco Truck focuses on Mexican food, the Fish and Chips Truck specializes in seafood. However, both food trucks target customers who are seeking quick and convenient meals on the go, making them indirect competitors.
Similarly, the Walk-up Mexican Food stand is considered indirect competition because it also offers Mexican food but operates in a different format. Unlike the mobile food trucks, the stand is stationary and doesn't have the mobility aspect. However, it caters to customers looking for Mexican cuisine and offers a similar dining experience to the Taco Truck.
On the other hand, option B (local Taco Bell franchise) and option D (local Burger King franchise) would be considered direct competitors as they both operate in the fast food industry and offer similar types of food as the Taco Truck. These franchises have established brick-and-mortar locations and compete directly with the Taco Truck for customers seeking fast food options.
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what are some economic concerns that may need to be addressed in the future?
Answers
Project A B C D E
Project Life 3 4 6 8 10
I(0) 800 1100 1600 1900 2700
CF(1) 300 310 313 300 357
CF(annual growth) 4.0% 3.5% 3.0% 1.0% 0.0% WACC 7.0% 6.5% 6.1% 5.5% 5.0% Reinvestment Rate 5.0% 5.0% 5.0% 5.0% 5.0% 1. Calculate the following (25 points each) a NPV b IRR c MIRR
d EAA
Answers
a) NPV (Net Present Value): NPV(A) = (300 / (1 + 0.07)^1) + (300 / (1 + 0.07)^2) + (313 / (1 + 0.07)^3) - 800
b) To calculate IRR, we need to find the discount rate that makes the NPV equal to zero.
c) MIRR (Modified Internal Rate of Return):
IRR(A) = Calculate using the cash flows and the initial investment for Project A. MIRR(A) = Calculate using the cash flows and the WACC for Project A.
d) EAA (Equivalent Annual Annuity): EAA(A) = Calculate using the cash flows and the discount rate (WACC) for Project A.
To calculate the NPV, IRR, MIRR, and EAA for each project, we will use the following information:
Projects:
A, B, C, D, E
Project Life:
3, 4, 6, 8, 10 (years)
Initial Investment (I(0)):
800, 1100, 1600, 1900, 2700 (in thousands)
Cash Flows (CF) at Year 1:
300, 310, 313, 300, 357 (in thousands)
Cash Flow Annual Growth Rate (CF annual growth):
4.0%, 3.5%, 3.0%, 1.0%, 0.0%
Weighted Average Cost of Capital (WACC):
7.0%, 6.5%, 6.1%, 5.5%, 5.0%
Reinvestment Rate:
5.0%
Now, let's calculate each of the requested values for each project:
Project A:
a) NPV (Net Present Value):
The NPV can be calculated using the formula: NPV = Σ[CFt / (1 + r)t] - I(0), where CFt is the cash flow at year t, r is the discount rate (WACC), and I(0) is the initial investment.
NPV(A) = (300 / (1 + 0.07)^1) + (300 / (1 + 0.07)^2) + (313 / (1 + 0.07)^3) - 800
b) IRR (Internal Rate of Return):
To calculate IRR, we need to find the discount rate that makes the NPV equal to zero.
IRR(A) = Calculate using the cash flows and the initial investment for Project A.
c) MIRR (Modified Internal Rate of Return):
MIRR is calculated by assuming that cash flows are reinvested at the cost of capital (WACC) and then finding the discount rate that equates the present value of the positive cash flows with the present value of the negative cash flows.
MIRR(A) = Calculate using the cash flows and the WACC for Project A.
d) EAA (Equivalent Annual Annuity):
EAA represents the constant annual cash flow that would be equivalent to the project's cash flows and the initial investment.
EAA(A) = Calculate using the cash flows and the discount rate (WACC) for Project A.
Repeat the above calculations for Projects B, C, D, and E, replacing the corresponding values for each project.
Please provide the values of cash flows at year 1 for each project, and I'll be able to calculate the requested values for you.
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______is a not-for-profit system in which all policyholders are members of the company; when premiums exceed losses, surplus funds are distributed among the members.
Answers
mutual fire insurance is a not-for-profit system in which all policyholders are members of the company; when premiums exceed losses, surplus funds are distributed among the members.
What exactly do you mean by "surplus funds"?
Surplus funds are funds that belong to or are controlled by the local unit and are available for investment because they are not required by law or by an agreement with bondholders to be segregated and invested in a specific manner. Surplus funds are the excess of cash and other recognised assets expected to be resolved into cash or its equivalent in the normal course of events and with reasonable certainty at any given day over liabilities and necessary reserves at the same date.
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Lee Ray bought 250 shares of a mutual fund with a NAV of $13.85. This fund also has a load charge of 7%.
a. What is the offer price? (Round your intermediate and final answer to the nearest cent.)
b. What did Lee pay for his investment? (Round your intermediate and final answer to the nearest cent.)
Answers
Answer: a. $14.9
b. $3725
Explanation:
a. What is the offer price?
This will be calculated as:
= NAV / (1 - load charge %)
= 13.85 / (1 - 7%)
= 13.85 / (1 - 0.07)
= 13.85 / (0.93)
= $14.9
B. What did Lee pay for his investment?
This will be:
= Number of shares bought × Offer price
= 250 × $14.9
= $3725
Sean’s mother had to make an emergency purchase of a new tire because her tire went flat while she was traveling to the store. She is not sure how much money she has in her checking account. Which method of payment should she use to be financially responsible?
She should pay by telephone with her debit card.
She should pay with a debit card.
She should pay with a credit card.
She should pay with a check.
Answers
Answer:
c. She should pay with a credit card.
Explanation:
Credit cards are basically loans that the banks give to the customer to use and pay back before the due date.
Now if Sean's mother does not know how much money she has, she must use the credit card because to be financially responsible and pay the type services their due amount.
Later she can check her account details and make payments to the bank as per requirement.
Explanation:
The most financially responsible option for Sean's mother would be to pay with a debit card. The correct option is B.
Why debit card is better than cash?You can carry out purchases using a debit card rather than scrambling for cash, looking through your pockets or handbag for exact change, writing a check, or visiting an ATM. It's also more convenient than ever thanks to the increase in companies accepting debit card payments.
This is because a debit card transaction deducts the payment directly from her checking account, so she can only spend the money she actually has available. This can help her avoid overspending or going into debt.
Paying by telephone is also a convenient option, but it is important for Sean's mother to make sure she is using a secure and trusted payment system to protect her personal and financial information.
Using a credit card or writing a check are also options, but they may not be as financially responsible in this situation. With a credit card, Sean's mother would be borrowing money and may incur interest charges if she doesn't pay the balance in full. Writing a check may take longer to process and may not be accepted by all tire shops.
Thus, the ideal selection is option B.
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Currently, there is a \( \$ 10,000 \) cap on deductible state and local taxes (SALT) by individual taxpayers on Schedule \( \mathrm{A} \), Itemized Deductions. True False"
Answers
True.
Currently, there is indeed a $10,000 cap on deductible state and local taxes (SALT) for individual taxpayers on Schedule A, Itemized Deductions. This limitation was implemented as part of the Tax Cuts and Jobs Act (TCJA) enacted in 2017. It means that taxpayers who choose to itemize their deductions on their federal tax returns can only deduct up to $10,000 in total for state and local income taxes, sales taxes, and property taxes combined. Previously, there was no such cap, and taxpayers were able to deduct the full amount of their state and local taxes paid. The SALT deduction cap has implications for taxpayers in states with higher income taxes and property taxes, as it limits the amount they can deduct, potentially increasing their overall tax liability.
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Noble, Inc. acquires land for $56,000 cash. Additional costs are as follows.Removal of shed $ 300Filling and grading $1,500Broker commission $1,130Noble, Inc. will record the acquisition cost of the land as(1) $59,3700 2) $57,1303) $58,9304) $56,000
Answers
The correct answer to this question is option (2) $57,130.
What is the reason?This is because the acquisition cost of the land includes not only the initial purchase price of $56,000, but also the additional costs associated with the acquisition, such as the removal of the shed, filling and grading, and broker commission.
When these costs are added to the purchase price, the total acquisition cost comes to $57,130.
It is important for companies like Noble, Inc. to accurately record the total cost of acquiring an asset, as this will impact the asset's value and the company's financial statements.
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Deanna purchased $24,000 worth of stock and paid her broker a 1% broker fee. She sold the stock when it increased to $29,100 three years later and used a discount broker who charged $35 per trade. Compute her net proceeds after the broker fees were taken out
Answers
Answer:
Here:
Explanation:
Purchase price of shares = 24000
total purchase cost = price of shares bought + broker fees total purchase cost = 24000 + 0.01*24000 =24240
selling price of shares = 29100
total selling cost = price of shares sold - broker fees total selling cost = 29100 - 35 = 29065
Net proceeeds = total selling cost - total purchase cost Net proceeds = 29065 - 24240 = 4825
this is due at 12. please help me
Answers
2. 75
Won 110
Lost 35.
I tried my best sorry if it wrong.
The column headed by a check mark in a checkbook register is provided so you can make a note of your checks that have bounced.
T or F
Answers
FILL THE BLANK. to describe a queuing system, we use the term ____ for the object that provides the service.
Answers
To describe a queuing system, we use the term "server" for the object that provides the service.
In a queuing system, customers or entities arrive and wait in line to receive service from a server. The server can be a physical person, machine, or software program. The main goal of a queuing system is to minimize the waiting time and optimize the use of the server's capacity.
Queuing theory is a mathematical study of queuing systems that helps to predict and analyze the behavior of these systems. The performance of a queuing system can be evaluated based on several metrics such as waiting time, queue length, service time, and utilization of the server. By understanding and optimizing the queuing system, organizations can improve their operational efficiency and customer satisfaction.
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