Answer:
Prom Night Formal Wear
Balance sheet
Stockholders' equity section
December 31, 2018
PARTICULAR AMOUNT
Stockholders equity
Common stock $1,900,000
Additional Paid-in capital $23,000,000
Total Paid-Up Capital $24,900,000
Retained earning $16,000,000
Treasury stock ($1,850,000)
Total Stockholder equity $39,050,000
Use the internet to research one manufacturing, one retail (or merchandising), and one service business. For each business, describe the following: the primary purpose of the entity. the types of activities that accountants would record (hint: what is the source of the business’ funding, and what costs might the business have?) the types of decisions that might be made in this organization and how financial and nonfinancial information might help the decision-making process.
Users of financial statements are primarily served by accounting information by providing them with financial and economic data about a corporation.
What is the primary activity of an accountant?Creating and keeping up with significant financial reports. preparing tax returns and ensuring timely and accurate payment of taxes. assessing financial operations in order to make recommendations for best practices, spot problems and develop solutions, and aid organizations in functioning effectively.
The service industry includes accounting. Its purpose is to provide quantitative data on economic entities, primarily of a financial (financial) nature (money) that can be used to help with decisions about the economy.
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Which of the following is NOT part of a Kaizen event?
Question 1 options:
Specific action
Focus on the process
Individual action
Immediate action
Question 2 (5 points)
Which of the following is NOT usually part of a service recovery strategy?
Question 2 options:
Conveying regret,
Addressing the problem as soon as possible
Providing compensation.
Explaining the customers role in the problem
Question 3 (5 points)
Even a few minutes of having strong anger directed at a person can impact their immune system for hours afterwards.
Question 3 options:
True
False
Question 4 (5 points)
Kaizen means:
Question 4 options:
Big Problem
Good Change
Continuous Improvement
Efficient System
Question 5 (5 points)
Continuous improvement means that when a significantly large issue arises, it will be addressed immediately.
Question 5 options:
True
False
Question 6 (5 points)
Which of the following is NOT recommended as a strategy for handling angry customers?
Question 6 options:
Get a manager if all else fails
Listen carefully
Refer to policies
Use a loud, positive speaking voice
Answer:
Bhvhkmjjh. Bb
Explanation:
Bhvvbjjj
Monopolistic competition is defined by product differentiation .explain
Explanation:
Product differentiation is the means used by a firm in a monopolistic competitive market with many firms selling similar products to differentiate its product from that of other firms
Answer:
In Monopolistic Competition, a buyer can get a specific type of product only from one producer. In other words, there is product differentiation. The firms have to incur selling expenses since there is product differentiation. There is a large number of sellers with inter-dependent demand and supply conditions
Explanation:
what is the biggest tower in the world.
Answer:
The Burj Khalifa, located in Dubai, has held its number 1 ranking, as the tallest building in the world, since 2010. It still is, as far as I know, the tallest building in the world, as of today, and sits approximately 2,717 ft tall.
Explanation:
Hope this is what you were looking for :)
Which statement best explains a grant?
A grant is money awarded to a student, usually based on financial need.
A grant is aid given to a student by an institution, often based on academic success.
A grant is money borrowed by a student to pay for an education that will need to be repaid.
A grant is the price of attending classes at a school.
VA-Economics and Personal Finance
Employment and Education
A grant is aid given to a student by an institution, often based on academic success.
What is an institution?An institution is a structured organization or system that is established to serve a specific purpose, often with a set of rules, norms, and values that guide its operation. Institutions can exist in various forms, including political, educational, financial, religious, and cultural institutions. They are often created to provide social order, stability, and predictability in a society. Institutions can have a significant impact on individuals and communities, shaping their behaviors, beliefs, and interactions with one another. They can also influence social and economic outcomes, such as access to resources and opportunities. Institutions can evolve over time, adapting to changing social, economic, and political conditions. They can also be challenged and transformed by individuals or groups seeking to create change or reform.
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Draw a correctly labeled loanable funds graph that shows what happens to real interest rates for each of the following situations: (You will have 3 graphs)
The government borrows money to fund a war.
Private investors become more optimistic about the economy.
The government raises personal income taxes (do not consider the change in consumer saving).
In the text box provided, enter the time and date you sent your graphs to your instructor. Please specify if you e-mailed or faxed the graph. Make sure your name and the assignment number are on your paper and that each graph is clearly marked with an a, b, or c. (30 points)
Answer:
1. a) War increases demand for loanable funds, demand curve shifts RIGHT. (Increase in real interest rate)
b) Private investors are optimistic about the economy (i.e. investment opportunities). Demand for loanable funds increases, demand curve shifts RIGHT. (Increase in real interest rate)
c) Tax increase means a decrease in the supply about loanable funds. Supply curve shifts LEFT. (Increase in real interest rate)
2. would most likely increase the supply of loanable funds. If Americans are saving more, then they are spending less money and investing more of it. Remember--saving does not mean "not using it". It means investing it instead of consuming.
3. The interest rate will fall. There is a surplus of loanable funds and the real interest rate will reflect this surplus by falling.
4. decrease in the demand for loanable funds. When output decreases, the return on investment for new projects decreases and investors are less in need of money to fund their ventures.
5. decrease the supply for loanable funds. If they are consuming more, they are saving less.
6. Increase / Decrease. When interest rates increase, growth is reduced because funding economic ventures is now more costly. Sometimes the fed will increase interest rates when it anticipates inflation to increase in order to mitigate economic growth.
Hope this was helpful!
Explanation:
Which actions can you take to bring back your computer from sleep mode?
(you can choose more than one answer)
Check the power supply.
Press any key on the keyboard.
Reboot the computer.
Move the mouse around.
Click any button on the mouse.
Suppose the total deposits in the Last Bank of Commerce are $100,000, and $20,000 of the total deposit is set aside as reserves required by the Federal Reserve. Based on this information, the required reserve ratio is:
A. 20
B. $20,000
C.30
D.10
Answer:
A. 20
Explanation:
The reserve ratio= Reserve required / Total deposit × 100
= $20,000 / $100,000 * 100
= 1 / 5 *100
= 100 / 5
= 20%
The answer is A. 20
The reserve ratio also known as cash reserve is the portion of deposits that commercial banks must withhold or keep rather than lend out or invest as directed by the central bank of a country.
RECALL AN IMPORTANT CONVERSATION WITH SOMEONE THAT HAS GREAT IMPACT ON YOU UP UNTIL TODAY
One of the most important conversations for me is my future-oriented conversation.
I used to skip courses at the beginning of my college career, especially Physics. After talking with my teacher one day, I stopped skipping classes for the rest of my time in school.
My first few days at Santa Monica College in California after being accepted were quite intriguing to me since I was in a strange atmosphere with individuals I didn't know. But over time, I formed close friendships with a select handful of my classmates and began to form a group that included only us. We were not permitted to have any visitors with us. As more students skipped class, my honorable instructor and I had a discussion.
My esteemed physics instructor Mr. Immanuel Pitt and I had the talk. He was like a father figure to every college student and never reacted harshly to their transgressions. Despite being a Physics teacher, he is also a wonderful student adviser and encourages pupils to do well in their studies and achieve success in the long term. After my lesson one day, Mr. Pitt welcomed me to his room by stating it again. Even though I was aware of his reputation as a counselor, I initially did not understand why I had been invited, thus it was a remarkable occasion for me as well.
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What are 2 tools you can use to identify possible issues in quickbooks online company
Answer: Transactional Journal and Audit Log can be used to identify possible issues in a Quickbooks Online Company.
The 2 tools you can use to identify possible issues in quickbooks online company are transactional journal and Audit log.
Accountant Toolbox contains the following Features for all QuickBooks Online Users. They are:
Voided/Deleted transaction- this filters the view of the audit log.Journal entries.Close books.Management reports. etcQuickBooks is simply known as an accounting software package developed and marketed by a company called Intuit.
Its products are targeted toward small and medium-sized businesses and offer on-premises accounting applications and also cloud-based versions.
Conclusively, It can be used for accepting business payments, manage and pay bills, and payroll functions.
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how do handle angry customers?
Answer:
Remain calm.Practice active listening.Repeat back what your customers say.Thank them for bringing the issue to your attention.Explain the steps you'll take to solve the problem.Set a time to follow up with them, if needed.Be sincere.Highlight the case's priority.Upon the transfer of a property from one owner to another, all funds being held for the tenants by the landlord must be transferred to
Upon the transfer of a property from one owner to another, all funds being held for the tenants by the landlord must be transferred to the new owner.
What will happen to all funds being held by tenant Upon the transfer of a property from one owner to another
This includes security deposits, prepaid rent, and other tenant funds that the landlord may be holding on behalf of the tenants. The new owner becomes responsible for managing these funds and complying with any applicable laws and regulations regarding their use and return to tenants.
It is important for landlords and new property owners to carefully document and account for these tenant funds during the transfer process to ensure that all funds are properly accounted for and that tenants are not unfairly impacted by the transfer of ownership.
Hence, the transfer of a property from one owner to another, all funds being held for the tenants by the landlord must be transferred to the new owner.
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Problems that may occur in a business due to lack of bureaucracy
Answer:
Bureaucracy helps to form a rigid organisation.
Explanation:
Any corporation needs formal as well as informal work groups in the organisation for a corporation to achieve its targets it will need the presence of a bureaucratic approach.
bureaucracy in the organisation is to increase the level of formality,
better communication among the colleagues
as well as increase overall productivity.
Free Cash Flow
100
Growth rate
2%
Tax Rate
1%
Cost of Capital
5%
Debt-to-total value
50%
Given the data in the above, what is the terminal value of the business (using the growing perpetuity formula)?
Answer:
Explanation:
Terminal value of business Formula = FCF (1+g)/(WACC- g)
Where:
FCF= current free cash flow = 100
g= Growth rate = 2%
WACC = Weighted average cost of capital = Cost of capital = 5%
Terminal Value of the business= FCF (1+g)/(WACC- g)
Terminal Value of the business= 100 (1+2%)/(5%- 2%)
Terminal Value of the business= 3,400
The information about the problems that advertising has to solve comes from the marketing plan's _____.
The information about the problems that advertising has to solve comes from the marketing plan Traditional.
Advertisements can still be placed in publications like newspapers and magazines and through direct mail, but many people would like to invest their advertising budgets in digital marketing.
The 2017 State of Inbound Report lists the top marketing issues we encounter. Our survey identifies the top issues marketers face as being the generation of traffic, and prospects, and demonstrating ROI.
When promoting their goods or services, all businesses actually engage in some form of advertising, but in the technologically advanced business environment of today, the majority of that advertising takes place online on websites or social media.
Advertisements can still be placed in publications like newspapers and magazines and through direct mail, but many people would like to invest their advertising budgets in digital marketing.
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planning practices are different from organization to organization. discuss
Answer:
planning can be referred to as the things you think for the future to happen and organization is a group of people who works together.
Hopes this answer helps you.
On march 1 mike joined christmas Club His bank automatically deduct a $210 from his cheaser account of the end of each month, and deposit it into his christmas Club account is when will earn 0.0525 animit interst The account comes to term on December 1. Total interest earned in account
Mike will have a total of $2100 in his Christmas Club as his bank deduct $210 a month from March till December. Hence he may get $110.25 in interest if the interest rate is 5.25% on December 1.
Describe the Christmas Club.An account specifically intended for holiday spending is a Christmas club account. It typically only lasts for a year or less. A savings account of this type, often known as a Christmas club or holiday club account, is one in which regular deposits are made by customers all year long. In order to pay for holiday shopping and other expenses, such as travel, the accrued savings are then withdrawn just before the holiday season.
Regular direct transfers from your paycheck may be permitted by the account in Christmas club, and those funds would be preserved and transferred to them in time for the holiday buying season. Based on the balance in the account, the yearly percentage yield will fluctuate between 0.05% and 5.00%.
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The complete question is:
On March 1 Mike joined Christmas Club His bank automatically deduct a $210 from his Chaser account of the end of each month, and deposit it into his Christmas Club account. What will he earn at 5.25% APR simple interest for the year, as the account comes to term on December 1.
The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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Dave and his friend Stewart each owns 50 percent of KBS. During the year, Dave receives $75,000
compensation for services he performs for KBS during the year. He performed a significant amount of
work for the entity, and he was heavily involved in management decisions for the entity (he was not a
passive investor in KBS). After deducting Dave's compensation, KBS reports taxable income of
$30,000.
How much FICA and/or self-employment tax is Dave required to pay on his compensation and his
share of the KBS income if KBS is formed as a C corporation, an S corporation, or a limited liability
company (ignore the 0.9 percent additional Medicare tax)? (Do not round any percentage
calculations. Round other intermediate calculations and final answers to the nearest whole dollar
amount.)
C corporation
S corporation
Limited liability company
Answer: $12717
Explanation:
1. The amount of FICA and/or self-employment tax that Dave is required to pay on his compensation and his
share of the KBS income if KBS is formed as a C corporation, will be:
= 7.65% × $75000
= 7.65/100 × $75000
= 0.0765 × $75000
= $5738
2. As an S Corporation will be:
= 7.65% × $75000
= 7.65/100 × $75000
= 0.0765 × $75000
= $5738
3. As a limited liability company will be:
Dave's compensation = 75,000
Dave's portion of income will be calculated as:
= 50% × $30,000
= 0.5 × $30,000
= $15,000
Total will then be:
= $75000 + $15000 = $90000
We then calculate the net earnings which will be:
= 92.35% × $90000
= 0.9235 × $90000
= $83115
The FICA and/or self-employment tax that Dave is required to pay will then be:
= 15.3% × $83115
= 0.153 × $83115
= $12717
What qualities or characteristics might lead to the emergence of an innovation desert? Is it always a geographical definition, or could it be defined in other ways?
No, it is not always a geographical definition. It could be on the basis of need of a community to meet the global requirement. Specific populations fall into identical “innovation deserts,” where the population will need to be rooted in entrepreneurialism and technology in order to be at par with the global culture
What is the import of an innovation deserts?An innovation desert enables the development of a disadvantaged community to be at par with the rest of the world through an inclusive innovation economy. The innovation will eradicate “innovation deserts” in a disadvantaged communities, which are most especially the equivalent of food deserts where individuals lack access to fundamental resources to thrive.
Therefore, the correct answer is as given above
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BenjaminCompanyproducesproductsC,J,andRfromajointproductionprocess.Eachproductmaybesold at the split-off point or processed further. Joint production costs of $95,000 per year are allocated to the productsbasedontherelativenumberofunitsproduced.DataforBenjamin'soperationsforlastyearfollow:
Answer:
Product C and J only should processed further.
Explanation:
A project from a joint process should be processed further if additional sales revenue from further processing exceeds further processing cost.
So we will compare the net income i.e additional sales revenue minus sales further processing cost less for the three products as follows:
Net income
Product C : (100,000-75,000)-20,000 = $5,000
Product J: (115,000-70,000)-36,000= $9,000
Product R: (55,000-46,500) - 10,000=$(1,500)
Product C and J only should processed further.
Which situation is an example of indirect taxation?
OA. Stores charge sales tax on each purchase and give that money to
the government.
OB. Homeowners must pay a percentage of their home's worth to the
government.
OC. Businesses must send a portion of their income each year to the
government.
OD. Every citizen sends the government money to support the armed
forces.
SUBMIT
Option A is the correct answer. Indirect taxation is the situation where taxes are imposed on products or services and not directly on individuals. Therefore, the example of indirect taxation in the situation given is when stores charge sales tax on each purchase and give that money to the government.
Stores charge sales tax on each purchase and give that money to the government is an example of indirect taxation.Indirect taxation is a method of taxation in which individuals are not taxed directly, but instead, the tax is paid through an intermediary.
The tax is generally imposed on products or services. This tax, which is passed on to the customer as part of the price of the good or service, is then collected by the seller and forwarded to the government.
Sales tax, excise tax, and customs duty are all examples of indirect taxes.
Therefore, Option A is the correct answer.
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which business function is concerned with delivering a product or service to customers?
Answer:
Production
Production departments or companies are the manufacturing branches of a business to produce products or delivery of services to customers
Caitlin's lawyer suggests that she name a(n).
assets in the event of her death.
to receive her assets in the event of her death
Caitlin's lawyer suggests that she name someone, to receive her assets in the event of her death. Thus, option B is correct.
Who is a lawyer?A lawyer can be defined as a person who has gone to school to get a degree regarding the same and passed the bar exam. A lawyer helps the person in the matter which are related to the court
The lawyer recommended to Caitlin that in case she dies or in case of, she should name someone to whom the assets would be transferred after her death or demise. it can be transferred to a person, or organization for a charity fund. Therefore, option B is the correct option.
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Answer:
b
Explanation:
Cabot Company manufactures two products, Product C and Product D. The company estimated it would incur $177,910 in manufacturing overhead costs during the current period. Overhead currently is applied to the products on the basis of direct labor hours. Data concerning the current period's operations appear below:
Product C Product D
Estimated volume 3,800 units 3,000 units
Direct labor hours per unit 1.20 hours 0.80 hour
Direct materials cost per unit $11.60 $23.70
Direct labor cost per unit $10.80 $7.20
Requried:
a-1. Compute the predetermined overhead rate under the current method.
a-2. Determine the unit product cost of each product for the current year.
b. The company is considering using an activity-based costing system to compute unit product costs for external financial reports instead of its traditional system based on direct labor-hours. The activity-based costing system would use three activity cost pools. Data relating to these activities for the current period are given below:
Activity Cost Pools Estimated Overhead Costs Expected Activity
Product C Product D Total
Machine setups $12,890 180 190 370
Purchase orders 77,340 960 1,300 2,260
General factory 94,680 7,885 5,025 12,910
Total $184,910
Determine the unit product cost of each product for the current period using the activity-based costing approach.
Answer:
Results are below.
Explanation:
a)
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 177,910 / (1.2*3,800 + 0.8*3,000)
Predetermined manufacturing overhead rate= $25.56 per direct labor hour
Now, we can allocate overhead to each Product line:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Product C= 25.56*4,560= $116,553.6
Product D= 25.56*2,400= $61,344
Unitary overhead Product C= 116,553.6/3,800= $30.67
Unitary overhead Product D= 61,344/3,000= $20.45
Finally, the unitary cost per product:
Product C= 30.67 + 11.6 + 10.8= $53.07
Product D= 20.45 + 23.7 + 7.2= $51.35
b)
First, we need to calculate the activities rates:
Machine setups= 12,890/370= $34.84
Purchase orders= 77,340/2,260= $34.22
General factory= 94,680/12,910= $7.33
Now, we allocate costs to each product:
Product C:
Machine setups= 34.84*180= 6,271.2
Purchase orders= 34.22*960= 32,851.2
General factory= 7.33*7,885= 57,797.05
Total= $96,919.45
Product D:
Machine setups= 34.84*190= 6,619.6
Purchase orders= 34.22*1,300= 44,486
General factory= 7.33*5,025= 36,833.25
Total= $87.938.85
Finally, the unitary overhead and unitary total cost:
Product C:
Unitary overhead= 96,919.45/3,800= $25.51
Unitary product cost= 25.51 + 11.6 + 10.8= $47.91
Product D:
Unitary overhead= 87,938.85/3,000= $29.31
Product D= 29.31 + 23.7 + 7.2= $60.21
On January 1, 2017, Culver Company issued 10-year, $2,060,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 15 shares of Culver common stock. Culverâs net income in 2017 was $291,000, and its tax rate was 40%. The company had 108,000 shares of common stock outstanding throughout 2017. None of the bonds were converted in 2017.Required:(a) Compute diluted earnings per share for 2017. (Round answer to 2 decimal places, e.g. $2.55.)(b) Compute diluted earnings per share for 2017, assuming the same facts as above, except that $1,080,000 of 6% convertible preferred stock was issued instead of the bonds. Each $100 preferred share is convertible into 5 shares of Culver common stock.
Which of the following is an example of directive or autocratic management style?
Answer:
The answer is D
Explanation:
Ying pays $300 of investment interest related to her investments. The interest is not directly related to any particular investment owned by Ying. She owns $40,000 worth of municipal bonds that pay her $2,400 in interest and $20,000 worth of bonds that pay her taxable interest of $2,000. Ying allocates the investment fees based on the fair market value of the securities. The allocation between the nondeductible portion of the fee and the deductible portion is:
Answer:
yeet
Explanation:
I need a an idea of followership introduction help me!
Followership refers to the role, behavior, and actions of individuals who are not in a leadership position, but rather, they support and collaborate with their leaders to achieve shared goals. Followership is an essential aspect of organizational success, as it complements leadership and fosters a harmonious work environment.
Effective followers exhibit characteristics such as being proactive, taking responsibility, and engaging in open communication with their leaders. They also possess the ability to think critically and provide valuable feedback for the betterment of the team. By embracing the principles of followership, individuals contribute positively to the overall performance and morale of the organization.
It is important to note that followership does not imply blind obedience or passivity. Instead, it involves active engagement and collaboration with leaders to achieve common objectives. In this dynamic relationship, leaders and followers must work together, learn from each other, and adapt to changing circumstances.
In conclusion, followership is a vital component of successful organizations and plays a significant role in accomplishing shared goals. By cultivating strong followership skills, individuals can effectively support their leaders, enhance team performance, and contribute to the growth and success of the organization.
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what is a literature review
A literature review is a critical analysis of the existing research on a particular topic. It is typically written as an introduction to a research paper or thesis, and it serves to provide the reader with a background on the topic, as well as an overview of the key findings of the existing research.
A literature review should be well-organized and easy to follow. It should start with an introduction that provides a brief overview of the topic and the research question. The body of the review should then discuss the key findings of the existing research, organized by theme or topic. The review should conclude with a discussion of the implications of the existing research for the research question.
When writing a literature review, it is important to be critical of the sources that you are using. You should evaluate the quality of the research, and you should be prepared to discuss the strengths and weaknesses of the existing research. You should also be prepared to synthesize the findings of the existing research, and to draw your own conclusions about the topic.
A literature review can be a challenging task, but it is an essential part of any research project. By carefully reviewing the existing research, you can gain a better understanding of the topic, and you can develop a more informed research question.
Here are some tips for writing a literature review:
- Start by identifying the key sources on your topic. This can be done by conducting a literature search, using a variety of sources, such as academic databases, online journals, and books.
- Once you have identified the key sources, read them carefully and take notes. Be sure to summarize the main findings of each source, and to identify any gaps in the research.
- Once you have completed your reading, start to organize your thoughts. This can be done by creating an outline, or by using a mind map.
- Once you have a clear idea of what you want to say, start to write your review. Be sure to use clear and concise language, and to cite your sources properly.
- Once you have completed your review, have someone else read it and give you feedback. This can help you to identify any errors or omissions.
Writing a literature review can be a challenging task, but it is an essential part of any research project. By following these tips, you can write a literature review that is clear, concise, and informative.