Question 1
The beginning balance in total assets is $100,000 and total liability $30,000. The ending balance in total assets is $110,000 and total liability $40,000. Which of the following is possible?
1 point
Net income (or profit) of $10,000, no changes in the other Owners' Equity accounts.
Net income (or profit): $40,000; dividends paid: $40,000; no changes in other Owners' Equity accounts.
Net loss of $10,000, no changes in the other Owners' Equity accounts.
Net loss of $70,000, no changes in the other Owners' Equity accounts.
2.
Question 2
Under U.S. GAAP, which of the following activity is correctly categorized in the Statement of Cash Flows?
1 point
Payment of Dividends: Financing Activity
Payment of Interest on Debt: Financing Activity
Receipt of Interest on Investments: Investing Activity
Receipt of Dividends: Financing Activity
3.
Question 3
In year 1, Company A has the following info in its financial statements: Retained Earnings (beginning balance) of $32,000; Retained Earnings (ending balance) of $95,000; Expenses (including tax expense) of $30,000, and dividends declared $7,000. What amount will be shown as Net Income in Income Statement?
1 point
$95,000
$70,000
$88,000
$63,000
4.
Question 4
The net decrease in Accounts Receivable (AR) amounts to $30,000 and the net decrease in Wages Payable (WP) is $20,000. Assuming no accounts were written off for lack of payment, what is the net effect of AR and WP on the adjustments to Net Income if the indirect method is used in the Statement of Cash Flows?
1 point
Plus $50,000
Plus $10,000
Minus $50,000
Minus $10,000
5.
Question 5
The balance in PP&E on Company A's Year 1 Balance Sheet is $20,000 and the balance in PP&E on its Year 2 Balance Sheet is $50,000. The company purchase PP&E of $37,000 during Year 2. The company sold some equipment with a net book value of $2,000. How much depreciation expense did the company record on its Year 2 Income Statement? Assuming no other transactions affected the account during the year.
Hint: you may find it helpful to use a t-account as you work through this question.
1 point
$5,000
$7,000
$30,000
$35,000
6.
Question 6
The beginning balance in Accounts Receivable on Company A's Year 2 Balance Sheet is $20,000 and the ending balance is $110,000. Cash collections from customers are $105,000, and an account for a customer owing $5,000 was written off because the company didn’t think the customer would pay. What is the Sales on account during Year 2 on the Year 2 Income Statement? Assuming no other transactions affected the account during the year.
Hint: you may find it helpful to use a t-account as you work through this question.
1 point
$215,000
$195,000
$190,000
$200,000

According to your text, sales promotions such as free samples and point-of-purchase displays are designed to build. are called "Short-Term sales."

An property or stock that the seller doesn't own is sold in a short sale. The typical transaction involves an investor selling borrowed securities in expectation of a decrease in price; the seller is then obligated to deliver the same number of shares at a later date. A seller, on the other hand, holds a long position in the stock or asset.

Some characteristics of short term sales are-

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Complete Question:

A reference value involves comparing the costs and benefits of?

Answer:

d. substitute items.

Explanation:

A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.

Mathematically, the price elasticity of demand is given by the formula;

\( Price \; elasticity \; of \; demand = \frac {Percentage \; change \; in \; price}{Percentage \; change \; in \; demand} \)

The demand for goods is said to be elastic, when the quantity of goods demanded by consumers with respect to change in price is very large. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.

Generally, consumers would like to be buy a product as its price falls or become inexpensive.

Hence, a reference value involves comparing the costs and benefits of items substitute items.

A substitute item can be defined as a product (item) that a consumer sees as an alternative to another product (item) and as such would offer similar benefits or satisfaction to the consumer.

For substitute products (items), the cross-price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.

Answer:

It should be "An internal team should review the results of product testing and look for ways to refine and improve upon the quality control process."

Explanation:

When one determines a company's quality control process meets the company's quality standards then an internal team should review the results of product testing and look for ways to refine and improve upon the quality control process. The correct option is b.  

Quality control is a critical component of a well-run business. A quality control program helps ensure your small business delivers a consistent product, service and customer experience.

In addition, developing quality control processes allows the business to operate without someone's daily presence, so expanding to new locations, delegating responsibilities and even selling the business when the time comes is easier. Business growth requires paying careful attention to dollars and people, and quality control helps ensure we are monitoring both. If the products or services are of poor quality, we will spend a lot of time and money redoing them, cutting your profit margins.

Quality control processes can be used in all types of companies, whether they are product-based or service-based, B2B or B2C.

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Answer:

c

Explanation:

got it right on test

In parliamentary procedure, a meeting begins when the chairperson says  The meeting will now come to order. Thus option A is correct.

A parliamentary system, sometimes known as a parliamentarian system, is a method of democratic government whereby the executive branch obtains the backing of the legislative, usually a parliament, to whom it is answerable.

A really well agenda results in shorter sessions that go more smoothly. The topics that will be covered in what order should be listed on the agenda. Establish a priority list if there are multiple critical items.

Ahead-of-time preparation and the use of agendas is preferred by some boards. This was stating that there will be a commencement. Therefore, option A is the correct option.

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There commencement.

Make connections with both new and old individuals to locate your future career. In fact, networking is the greatest way to get a job, according to magazines like Payscale, The Balance, SHRM, The Muse, and others.

Make connections with both new and old individuals to locate your future career. In fact, networking is the greatest way to get a job, according to magazines like Payscale, The Balance, SHRM, The Muse, and others.

There are appropriate and inappropriate methods to utilize traditional job boards, but this does not imply that job searchers shouldn't use them in their search.

The following are six sage ways to use job boards:

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A textile mill or textile factory is a structure that is built and furnished with equipment for producing textiles. A structure built with machinery for the production of textile products is known as a textile mill.

A textile mill is a place of business where textile items are manufactured using specialised tools and machines. The earliest known textile factory was founded in England in the late 16th century, beginning a long history of textile mills. Modern textile mills are outfitted with cutting-edge machinery and technology to produce a variety of items, including fabric, apparel, and other textile goods. A textile mill's machinery normally consists of spinning, weaving, and finishing machines, as well as additional dyeing, printing, and cutting tools. Many economies depend heavily on the textile industry, which also provides a huge number of workers with a valuable source of employment.

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Answer:

if i had to chose kodak

but young dolph and key glock gucci mane and project pat go hard

nba is dog water

Explanation:

I would choose Kodak really

The two features of money that distinguish it from all other assets in the economy are that money is the medium of exchange and common unit of account to express prices. So, option a. is correct.

Money is a medium of exchange. Barter was a way of exchanging goods for other goods before money was created. Like gold and other precious metals, money has value because it represents something of value to most people. Money is a commodity that is generally accepted as an economic medium of exchange. It is a medium for expressing prices and values. It circulates from person to person and country to country, facilitating trade and becoming a major measure of wealth.

Whether money is shells or stones, gold or paper, there are three main functions in any economy: As a medium of exchange, as a unit of account, and as a store of value. Of its three functions, it is as a medium of exchange that distinguishes money from other assets such as stocks, bonds, and homes. ”

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The complete question is as follows:

When a person takes money from their United States checking account and deposits it into a dollar-denominated checking account in the Cayman Islands, the following is true:  M1 decreases, M2 stays the same, and M3 stays the same.

The reason for this is that the person has withdrawn money from their M1 account (checking deposits and currency in circulation) and placed it in a foreign checking account, which is not part of the domestic economy's money supply. M2 and M3, which include savings accounts and other forms of non-cash money, remain unchanged because they are unaffected by this transaction.

All of the following about the United States Federal Reserve are true, except: the central banks in the United States issue money that the Fed prints without direct approval from voters. The US Federal Reserve has the primary responsibility for controlling the nation's money supply. The Federal Reserve Board comprises the 12 Federal Reserve District bank presidents and other board members. The Federal Reserve and the Federal Open Market Committee are the primary government units in charge of the money supply in the United States. The Federal Reserve has 12 central banks.

All of the following are advantages of free international trade, except that it may lead to a loss of jobs. However, in-sourcing, which is often a significant factor, adds to domestic jobs. Other advantages of free international trade include encouraging specialization of labor, reducing overall production costs, promoting interdependence, allowing countries to depreciate their currencies, and increasing employment in all countries involved in the trade in the long term.

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Answer:

It’s the certain aiming group where product and stuff are aimed towards they’re being directed to that specific group.

Explanation:

The company's net profit margin percentage for the year ended February 3, 2018, is 5.4%, and for the year ended January 28, 2017, it is 6.0%.

1. The largest expense on the income statement for the year ended February 3, 2018, was the Cost of sales amounting to $2,615.2 million.

2. The balance of accounts receivable at the end of the year was $316 million. During the year, American Eagle Outfitters increased accounts receivable by $20 million. Therefore, cash received from customers was $296 million ($316 million - $20 million).

3. The company's net profit margin percentage for each year presented is given below:

Net Profit Margin = Net Income / Net Sales

The year 2018: Net Profit Margin = $204,956,000 / $3,796,861,000 * 100

Net Profit Margin = 5.4%

The year 2017: Net Profit Margin = $221,385,000 / $3,691,789,000 * 100

Net Profit Margin = 6.0%

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A grade 12 school leaver will require communication, time management and problem solving skills to adapt to the world of work.

Life skills are skills required by individuals are necessary for living and cooperation with others

Some of the life skills include:

A grade 12 school leaver will require communication, time management and problem solving skills to adapt to the world of work.

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Answer:

Better Business Bureau

Explanation:

Jared's options are very limited, and by contacting the Better Business Bureau (BBB) he would basically be filing a complaint that is public and anyone in North America can access. The BBB cannot do anything to make Green Gardens actually return the money to Jared or even fix his garden, but by making the complaint public, Jared is applying public pressure to the company in order for them to respond in a favorable way.

Jared's problem may or may not be solved, but at least the stain in Green Gardens's reputation will remain.

Supplies Expense  2,900,Supplies  2,900This entry records the supplies used during the year. The Supplies Expense account is debited for the amount of supplies used.

Year is a measurement of time that is commonly defined as the number of full rotations of the earth around the sun. A year is typically divided into twelve months, each of which consists of thirty to thirty-one days. Depending on the calendar system, a year can also include an extra day or two to account for the fraction of a rotation that is leftover. In most cases, a year is 365 days long, although leap years are 366 days long. The length of a year determines how we mark the passage of time and when events are celebrated.

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The statement "A bond with a par value of $1,000 is listed on the Wall Street Journal at a price of 111.5. This bond is selling for $111.5" is false because the bond is listed at a price of 111.5, which represents 111.5% of its par value, not the actual dollar amount.

A bond with a par value of $1,000 is listed on the Wall Street Journal at a price of 111.5, this implies that the bond is selling at a premium because the price is higher than the par value of the bond.The price of a bond is usually listed as a percentage of its par value, and this is known as the bond's price quote. A bond with a price quote of 111.5 means that the bond is selling at a premium of 11.5% above its par value, which is $1,000.

Hence, the bond is selling for 1.115 × $1,000 = $1,115.

Therefore, the correct statement would be: "A bond with a par value of $1,000 is listed on the Wall Street Journal at a price of 111.5. This bond is selling for $1,115."

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Option (a) true. Common areas are owned as tenants-in-common with other condominium owners is a true statement. In a condo, the common areas are owned by all the unit owners as tenants-in-common.

A tenant-in-common is a method of sharing ownership of a property. This means that each owner has a share in the property and has the right to use the common areas.

Apart from this, the tenants-in-common have the right to transfer their share of ownership to someone else or to mortgage their share without the approval of the other owners. Additionally, a tenants-in-common agreement may also be created to define how the ownership is shared and how the property is managed by each owner.

In conclusion, common areas are owned as tenants-in-common with other condominium owners, which makes the statement true.

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Answer:

I'm pretty sure the answer is d

Explanation:

Alternatively, you may pay out-of-pocket for your rental then seek reimbursement from the other insurance company once it completes its investigation.

Answer:

D

Explanation:

Answer:

While the size of your emergency fund will vary depending on your lifestyle, monthly costs, income, and dependents, the rule of thumb is to put away at least three to six months' worth of expenses.

Explanation:

While the size of your emergency fund will vary depending on your lifestyle, monthly costs, income, and dependents, the rule of thumb is to put away at least three to six months' worth of expenses.

To decrease unemployment, the government deficit spends: Demand for loanable funds ↑ and Real Interest Rate ↑

The given scenarios, considering the impact on demand or supply of loanable funds and the real interest rate:

To decrease unemployment, the government deficit spends:

- Demand for loanable funds ↑ (The government needs to borrow more funds to finance its deficit spending)

- Real Interest Rate ↑ (Higher demand for loanable funds will increase the real interest rate)

Political unrest causes foreigners to take money out of the economy:

- Supply of loanable funds ↓ (Foreigners withdrawing their money reduces the available funds in the economy)

- Real Interest Rate ↑ (With a lower supply of funds, the real interest rate will rise)

Businesses expect lower sales and worse economic conditions:

- Demand for loanable funds ↓ (Businesses will be less likely to borrow funds for investment due to lower expected returns)
- Real Interest Rate ↓ (Decreased demand for loanable funds will lead to lower real interest rates)

In anticipation of longer life expectancy, people begin to save more:

- Supply of loanable funds ↑ (More savings means an increased supply of funds available for lending)
- Real Interest Rate ↓ (With a higher supply of loanable funds, the real interest rate will decrease)

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Complete question:

Loanable Funds- Fill out the chart. Demand or Supply ↑ or ↓ Real Interest Rate?

To decrease unemployment, the government deficit spends

Political unrest causes foreigners to take money out of the economy.

Businesses expect lower sales and worse economic conditions.

In anticipation of longer life expectancy, people begin to save more

The former high priest who was deposed by the Romans but still considered the true high priest by many Jews is **Jesus**.

Jesus, also known as Jesus Christ, is a central figure in Christianity. He is believed to be the Son of God and the Messiah prophesied in the Old Testament of the Bible. According to Christian beliefs, Jesus was born to the Vir gin Mary, lived a sinless life, performed miracles, taught about the Kingdom of God, and was crucified on a cross. His death and resurrection are considered the ultimate sacrifice for the forgiveness of humanity's sins. Jesus is regarded as the central figure of salvation and the foundation of Christian faith. His teachings, as recorded in the New Testament, continue to have a profound influence on millions of people worldwide.

According to the New Testament of the Bible, Jesus was a Jewish religious leader and is believed by Christians to be the Messiah and the Son of God. He was crucified by the Romans, but his followers continued to regard him as the true high priest and the ultimate authority in matters of faith. This belief forms the foundation of Christianity.

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answer :in less than 21 days

Significant changes in the PBL strategy require updates to the LCSP, and approval should be sought in accordance with the organization's established governance and acquisition procedures.

Any significant changes in the Performance-Based Logistics (PBL) strategy will need to be addressed in the Life Cycle Sustainment Plan (LCSP) and gain approval in accordance with established regulations and guidelines. The specific approval requirements may vary depending on the organization and the nature of the changes being proposed.

In the United States, for example, the Department of Defense (DoD) has a structured acquisition process governed by various policies, directives, and instructions. When it comes to PBL and LCSP, the primary guidance is provided by DoD Instruction 5000.02, "Operation of the Defense Acquisition System." This instruction outlines the acquisition process, including sustainment planning, and emphasizes the importance of life cycle management and sustainment planning activities.

In addition to the overarching DoD instruction, there may be service-specific regulations and guidance that further specify the approval process for changes in the PBL strategy. These documents could include service-specific instructions, policies, or guidance from organizations like the Army Materiel Command, Navy Systems Commands, or Air Force Materiel Command.

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Answer:

2/3P

$30

Explanation:

Here is the complete question

The manager of a local monopoly estimates that the elasticity of demand for its product is constant and equal to -3. The firm’s marginal cost is constant at $20 per unit.

 a. Express the firm’s marginal revenue as a function of its price.

b. Determine the profit-maximizing price.

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.

An example of a monopoly is a utility company

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

If the absolute value of price elasticity is greater than one, it means demand is elastic.  

Marginal revenue = price x (\(\frac{1 + E}{E}\))

Where e = elasticity

MR = P x \(\frac{1-3}{-3}\)

MR = 2/3P

Answer:

Common Stock

Paid-in Capital in Excess of Land

Explanation:

Common Stock and Paid-in Capital in Excess of Par Value are credited

John Kim  contributed equipment with a fair market value of $5,000 in exchange for 100 shares of Rio Inc.'s common stock with a par value of $1 per share. Rio Inc should record this transaction as a credit in common stock and paid in capital in excess of Par value.

Paid-in capital in excess of par value is the difference between the stock's fair market value and its par value. It is the premium paid for a stock that has appreciated in value. Paid in capital in excess of par is formed when investors pay more than the par value for their shares of stock.

Hence, the transaction of of $5,000 should be recorded as a credit in paid in capital in excess of par value.

Another transaction is : 100 shares of Rio Inc's worth $1 per share. Hence, transaction of $100 should be recorded as a credit in common stock.

Therefore, the transactions should be recorded as follows:

- common stock                                          $100 (credit)

- Paid in Capital in excess of Par value     $5,000 (credit)

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Answer:

It undertakes educational research, training and developmental activities. It provides assistance to the government in educational matters. It co-ordinates, determines and maintains the standards of university education in the country. It is a national-level council for technical education.

Answer:

Mixed Economy = USA

Explanation:

Answer:

A. Review the different savings account options that your bank offers.