a change in accounting principle relates to a change in method of accounting for an item, whereas a change in accounting estimates arises from a new calculation due to new information or new experience.
Accounting principles are overall rules that administer the techniques for recording and detailing monetary data. At the point when a substance decides to embrace an alternate technique from the one it at present utilizes, it is expected to record and report that adjustment of its fiscal summaries.
A genuine illustration of this is an adjustment of stock valuation
Accountants use gauges in their reports when giving precise numbers is unimaginable or unrealistic. At the point when these evaluations end up being wrong, or new data considers more accurate estimations, the substance ought to keep the superior gauge in an adjustment of accounting estimate. Instances of regularly changed gauges incorporate bad-debt allowance, warranty liability, and depreciation.
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dansal is purchasing several new delivery vehicles. dansal has numerous work responsibilities, so she has limited time to shop for cars. because of the time constraints, she cannot make an extensive search for the best alternative, so she looks for cars until she finds a model that is satisfactory. dansal is following the model.
There isn't much information available for Amanda to work with when making her choice.
The deadline for her purchase puts Amanda under pressure. When making a decision, a person's rationality is limited by their access to information and knowledge, their available time, their capacity for thought, etc. This is known as bounded rationality. According to the scenario described in the question regarding Amanda's constrained rationality when purchasing an automobile, she has little time (one day) and limited knowledge about the vehicle. The fact that she wanted an excellent car and put forth the effort to research it but was pressed for time renders the other possibilities inaccurate. In the satisfying strategy, the person sets an acceptable threshold criterion and continues looking until the component matching the requirement is found. In the scenario at hand, Amanda has created criteria that she can consider satisfactory, and she is looking for an automobile that satisfies those requirements, therefore she is employing the satisfying model.
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Entrepreneurs need to remember that ____ costs are the biggest costs the business will bear.
Entrepreneurs need to remember that employee costs are the biggest costs the business will bear.
An entrepreneur is someone who has a concept and who works to create products or services that humans will buy, in addition to an company to support that attempt. Entrepreneur takes on most of the chance and initiative for their new commercial enterprise and is regularly visible as visionary or innovator.
An entrepreneur is a French word in all likelihood coined by the economist Jean-Baptiste Say from the word entrepreneur, which is normally translated as "undertaker" or "adventurer."1 Say studied Smith's e-book and, whilst agreeing on all points, observed that the omission of enterprising businessmen becomes a critical flaw.
The entrepreneur is defined as a person who has the capability and choice to set up, administer and succeed in a startup undertaking alongside chance entitled to it, to make profits. The best example of entrepreneurship is the beginning of a brand-new business mission.
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An arrangement in which a REIT collects a stream of rents from a building owner, then makes a lower, and sometimes fixed, payment to the landowner is a:Multiple Choicerenewal option.REIT spreading.spread investing.
An arrangement in which a REIT collects a stream of rents from a building owner, then makes a lower, and sometimes fixed, payment to the landowner is a spread investment.
Real estate investment trusts (REITs) permit people to put resources into enormous, high return properties. A REIT is an organization that possesses and regularly works pay creating land or related resources.
REITs produce pay from contracts that structure the premise of property improvement, or rental pay after the property is created. REITs turn out stable revenue to their investors and, on account of long haul possessions, give development that mirrors the rising worth of the properties they own.
Most REITs' plans of action are straight forward. A REIT leases space, gathers rents on land, and disperses the pay as profits to its investors. Contract REITs finance land instead of possessing it. These REITs procure pay from revenue on their ventures. An arrangement in which a REIT collects a stream of rents from a building owner, then makes a lower, and sometimes fixed, payment to the landowner is a spread investment.
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which of the following agreements would require amortization expense? multiple choice question. finance lease note payable serial bond operating lease
The principal is decreased when the cash payment exceeds the interest cost. The bond interest expense is less than the semiannual cash interest payment.
What is payable on a serial bond?An issuance of bonds in which a portion of the total number of bonds is paid off annually is known as a serial bond. The issuer's total outstanding debt will gradually decrease as a result. For instance, $100,000 worth of bonds will mature once every year for ten years on a $1,000,000 serial bond.
How does the amortization of a bond discount affect things?The amortization of discounted bonds always results in an effective interest expense that is greater than the bond interest coupon payment for each period. When a bond is sold at a discount, it indicates that the coupon rate is higher than the market interest rate.
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Fixed budget performance reports compare actual results with the results expected under a fixed budget. A) True B) False
The answer is true. A fixed budget is a financial plan that is not adjusted to reflect fluctuations in actual activity. They are the most common type of budget because they are easier to create than flexible budgets.
A fixed budget is a budget that does not change with changes in activity or output levels. A variable budget is a budget that fluctuates depending on the unit's activity level and production volume. A flexible budgets is static and never changes. Fixed budgets can be used for projects that contain fixed funds for specific programs such as capital expenditures, advertising and promotions, and major refurbishments.
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Raider-X Company budgets sales of 15,000 units for April and 17,000 units for May. Beginning inventory on April 1 is 2,100 units, and the company wants to have 40% of next month's unit sales in inventory at the end of each month. The merchandise cost per unit is $2 Prepare a merchandise purchases budget for the month of April.
RAIDER X COMPANY Merchandise Purchases Budget April Budgeted sales units Next period budgeted sales units Ratio of inventory to future sales 0
Total required units Units to be purchased Cost per unit Cost of merchandise purchases 0
The merchandise purchases budget for month of April will be 0 as nothing is purchased.
What is a budget?An annual or monthly budget is a strategy for making financial calculations for a given time period, albeit not always. A budget may include data on anticipated sales and revenue levels, resource quantities like time, costs, and expenses, environmental impacts like greenhouse gas emissions, additional impacts, assets, liabilities, and cash flows. Businesses, governments, families, and other entities utilise budgets to specify in numerical terms the strategic plans of their activities. In a budget, many ideas are suggested on how to raise the money required to pay for anticipated expenses. When expenditure exceeds income or other available resources, a budget may show a surplus of resources for future use or a deficit.
The total required units=0
Ratio of inventory to future sales = 0
Units to be purchased = 0
Cost per unit = 0
Cost of merchandise purchases = 0
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suppose that coleman co., a u.s. based mnc, is considering exporting its products to sell in a foreign country. however, there is a chance that the citizens of that country are very patriotic and strongly prefer to purchase locally produced products. this is an example of which of the following forms of political risk? war inefficient bureaucracy laws enacted by host government attitude of consumers in the host country
The given example is a form of war that is a political risk. Hence, Option A is correct.
Political risk is the possibility that a country's political unrest or changes could have a negative impact on an investment's results.
A change in the executive, judicial, legislative, or military branches of government could cause instability that would have an impact on investment returns.
An American multinational corporation called Coleman Co. is thinking about exporting its goods to be sold abroad.
However, there is a possibility that the populace of that nation is incredibly patriotic and strongly favours buying goods made there. The example described is a type of politically risky conflict.
Therefore, Option A is correct.
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Which one of the following is most likely to be an effective or attractive profit-enhancing way to try to reduce total production costs per pair at a particular production facility? O Cutting expenditures for Six Sigma /TQM programs to zero O Decisions not to spend any money on production improvement options Pursuing actions that will better enable the company to operate its production facilities at (or very close to) full production capacity, including maximum use of overtime O Actions to avoid producing any private-label footwear O Actions to cut the total compensation packages of production workers and supervisors from above-average to below-average levels
Taking steps to eliminate any use of overtime is an approach that is unlikely to be effective or appealing when trying to lower total production costs per pair at a certain production facility. Below, this is further discussed.
How much does production cost?
Production costs are typically the costs incurred by a firm when creating a good or providing a service that generates revenue for the company.
In conclusion, avoiding overtime is one of the least likely strategies to reduce the overall cost of a pair of shoes at a specific manufacturing facility.
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question at position 19 involves what the organization says to its employees, the media, the community, customers, stockholders, and creditors during and after a catastrophic event.
Crisis Communication Involves what the organization says to its employees, the media, the community, customers, suppliers, stockholders, and creditors during and after a catastrophic event.
Crisis refers to arrangement of undesirable occasions at work which lead to aggravations and significant agitation among the people. Crisis by and large emerges without prior warning triggers a sensation of danger and dread in the representatives.
Crisis Communication alludes to an extraordinary wing which manages the standing of the people as well as the association. Crisis Communication is a drive which targets safeguarding the standing of the association and keeping up with its public picture. Different factors, for example, criminal assaults, government examinations, media enquiry can taint the picture of an association.
Crisis Communication experts battle against a few difficulties which will generally hurt the standing and picture of the association.
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compare the tax effect of the different business entity types: c corporation, partnership, and s corporation. ultimately you should expect the owners to ask for your recommendation on choice of a business entity and the tax effects of the formation, operations, and distributions.
S corporations get pass-through tax benefits while C corporations pay corporate income taxes, and their owners pay personal income taxes on every dividend from the company.
A business form known as a S corporation is one that is allowed by the tax code to distribute its taxable income, allowances, discounts, and liabilities to its shareholders directly. This provides it some advantages with the more popular C corp. The S corp, an option to the limited company, is only appropriate for small firms with 100 or fewer stockholders (LLC).
S corporations and LLCs both are referred to it as "turn entities" because typically don't pay corporate taxes; instead, they reward their owners, who will then be in charge of paying the required taxes.
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a stock is expected to pay a dividend of $0.75 at the end of the year. the required rate of return is rs
A stock is expected to pay a dividend of $0.75 at the end of the year. The required rate of return is r_s = 10.5%, and the expected constant growth rate is g = 6.4%. The stock's current price is $18.29.
What is the stock's current price calculation and what ids stock?Calculation of stock's current price:
Stock′s current price = Dividend ÷ Required rate of return - growth rate
Stock′s current price = $0.75÷ 10.5% - 6.4%
Stock′s current price = $0.75 ÷ 4.1%
Stock′s current price = $0.75÷ 0.041
Stock′s current price = $18.29
A stock can be understood as a general term used to describe the ownership certificates of any company. On the other hand, share refers to the stock certificate of a particular company. When we hold a particular company's share it makes usa shareholder. Stocks are of two types, they are common and preferred.
The difference is while the holder of the former has voting rights that can be exercised in corporate decisions, the latter doesn't.
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Your question is incomplete, but most probably your full question was,
A stock is expected to pay a dividend of $0.75 at the end of the year. the required rate of return is r_s = 10.5%, and the expected constant growth rate is g = 6.4%. Find the stock's current price?
a. $17.29
b. $18.29
c. $16.00
d. $12.00
Inventory costs can be categorized as the costs incurred for holding the inventory, the costs of ordering and receiving the inventory, and the cost of running out of inventory. costs are the direct and indirect costs of keeping inventory on hand. The number of units in the optimal size order is called the economic ordering quantity (EOQ). Sandberg Company purchases custom-made durable packing boxes to ship its equipment. Each year, Sandberg uses 127, 500 boxes. It costs Sandberg $136 to place each order, and the purchase price is $1.92 per box. An analysis indicates that carrying costs are 25% of the purchase price. Based on the information provided, solve for the values under Sandberg's EOQ policy in the following table.
Economic ordering quantity=[tex]2088.96[/tex]
EOQ = square root of: [2(setup costs)(demand rate)] / holding costs.
=[tex]2( $136*$1.92 )/ 25[/tex]% =[tex]2088.96[/tex]
The order amount that minimizes the overall holding costs and ordering expenses in inventory management is referred to as the Economic Order Quantity (EOQ), sometimes known as the Economic Buying Quantity (EPQ). One of the first traditional production scheduling models is this one. Ford W. Harris created the model in 1913, but R. It was frequently used by consultant H. Wilson and K. Andler deserve credit for their thorough study. EOQ only applies when a product's demand is steady throughout the year and every new order is fulfilled in full when inventory approaches zero. No matter how many units are ordered, there is a fixed cost associated with each order; orders are assumed to contain just one item. Additionally, there is a fee for each unit held.
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interacting with delinquent peers greatly increases an adolescent's risk of multiple choice question. becoming delinquent. having a large social circle. peer acceptance. bullying victimization.
The correct answer is (a) becoming delinquent.
What is juvenile delinquent?The act of engaging in illegal action while a minor or someone under the legal age of majority is known as juvenile delinquency.
A juvenile delinquent in the United States of America is a criminal who is under a certain age.
The majority of states define a juvenile offender as someone under the age of 18, while a handful have set the maximum age slightly differently.
Under-17-year-olds are still considered juvenile offenders in Georgia, Texas, and Wisconsin.
While some US jurisdictions have raised the legal drinking age, Japan has decreased it from under 20 to under 18. It changed on April 1st, 2022.
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The likelihood of youngsters becoming wayward increases considerably when they interact with those other offenders.
What is meant by "sick bill"?The day following a late fee, a debt is regarded as past due. As payments are past late, borrowers may impose extra fees and penalties. You can purchase money within a grace period and complete the payment process without being penalized. Your credit score is lowered by delinquent debt, making it harder and more expensive to borrow money in the future.
How does a robber behave?A living animal or object that is malfunctioning in some way. For instance, a renter who is severely behind on payments or a business that is having problems repaying loans. an ordinary individual involved in illegal activity.
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the variance of a portfolio's expected return is generally a weighted average of the variances of the assets in the portfolio. True or False ?
False, the variance of a portfolio's expected return is not generally a weighted average of the variances of the assets in the portfolio.
What is variance ?In probability theory and statistics, the variance is the expected squared deviation of a random variable from its population or sample mean. Variance is a measure of spread. H.This is a measure of how far a set of numbers are from the mean.The term variance refers to a statistical measure of the spread between numbers in a data set. More specifically, variance measures how far each number in the set is from the mean (mean), that is, how far it is from all other numbers in the set.A change in the norm is called a deviation.This indicates a difference or deviation from expectations or normality. An example is his July snow, a US weather anomaly, even in Minnesota.To learn more about variance from the given link :
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visor, inc. had net income during the period of $10,000. preferred dividends were $2,000 and the weighted-average common shares outstanding were 500. basic earnings per share equal $ .
After calculating the basic earning, the basic earnings per share (EPS) for Visor, Inc. is $16.
To calculate the basic earnings per share (EPS), we divide the net income available to common shareholders by the weighted-average number of common shares outstanding.
Net Income: $10,000
Preferred Dividends: $2,000
Weighted-average Common Shares Outstanding: 500
Net Income available to common shareholders:
Net Income - Preferred Dividends
= $10,000 - $2,000
= $8,000
Basic Earnings per Share (EPS):
Net Income available to common shareholders / Weighted-average Common Shares Outstanding
= $8,000 / 500
= $16
Therefore, the basic earnings per share (EPS) for Visor, Inc. is $16.
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____ refers to The model developed by the u.s. public health service to explain the lack of public participation in health screening and prevention programs.
The Health Belief Model is the model developed by the US public health service to explain the lack of public participation in health screening and prevention programs.
The Health Belief Model (HBM) is a theoretical model that is used to guide health promotion and disease prevention programs. The Health Belief Model was started in the early 1950s by social scientists in the US Public Health Service in order to analyze the failure of people to adopt disease prevention tactics/strategies or screening tests for the early detection of disease.
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Matthew Co. is determining the cash discount given to customers when they pay within 15 days. Currently, the company uses a 360-day year, and the full amount of a receivable is due within 45 days. Furthermore, it wants the cost of not taking the discount to approximate the 18.27% annual interest rate it pays on its working capital loan.
What is the cash discount rate?
1.5%
1.5% is the cash discount rate. The discount rate is the interest rate used to calculate the future cash flows.
If a customer doesn't use the discount, they are still responsible for the 30-day loan (45 days –15-day discount period). The price of this loan is the cash discount rate.
The business employs 12 30-day intervals, or a 360-day year. 18.27% is the desired annualized rate. Therefore, the 30-day rounded cash discount rate equals 1.5% (18.27% annualised rate divided by 12 30-day periods).
The interest rate that is applied to the projected cash flows of an investment to determine its present value is referred to as the discount rate. It is the rate of return on investment that businesses or investors anticipate. The viability of an investment can be determined by computing the net present value via discounting.
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To properly evaluate the statement of cash flows, it is important to evaluate _____________.
the pattern of the three sections, not just the change in cash during the period
To properly evaluate the statement of cash flows, it is important to evaluate pattern of three sections, not just change in cash during the period.
What is a cash flow?A cash flow is a real or imagined transfer of money. When a payment is made, especially when it is transferred from one central bank account to another, it is regarded as a cash flow in the strictest meaning. Typically, payments that are expected to happen in the future but are uncertain and need to be forecasted are referred to as cash flows. The change in cash balance during a period—typically a quarter, half-year, or a full year—is equivalent to a company's (total) net cash flow for that period. The cash balance is positive if it increases (more cash becomes accessible); it is negative if it decreases. The sum of the aforementioned three components will represent a project's cash flow.
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summarize how the company utilizes the fundamental principles of management to ensure optimal performance.
It purchased intricate financial hedges designed to lessen the effects of rising product prices in order to reduce the impact of loss in the industry, giving it a significant competitive advantage.
Following are the key management tenets:
Planning
Organizing
Staffing
Directing
If optimal performance is not achieved, this company will adopt of the following controls:
This was done to remove the congestion from the activity connecting a tourists to other US cities.
It purchased intricate financial hedges designed to lessen the effects of the rising product prices in order to reduce the impact of loss in the industry, giving it a significant competitive advantage.
By receiving more offers and discounts, it attracted more business of passengers, which helped to increase the fill rate and capacity utilization of on important US routes.
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Many economists worry about the Federal Reserve overstimulating the economy because such overstimulation will lead to rising: A) unemployment. B) inflation. C) output growth. D) Solow growth.
Many analysts are concerned that the Federal Reserve would overstimulate the economy, which will result in rising: Solow growth.
What occurs when your body is overstimulated?
Overstimulated individuals may suffer from severe mental distress or even physical discomfort. Extreme irritation, anxiety, or fear may be present. Some people may scream or have tantrums to express how uncomfortable they are. They might even act violently.
How can you decompress after being overstimulated?
Your body can absorb more oxygen by taking deep breaths, which can help you relax and lower your pulse rate. It also helps to direct your attention away from the source of your tension or anxiety and toward something else. Do this: Close your eyes, lean forward, and inhale deeply.
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Base Electronics owes $1,200 for federal income tax incurred which has been recorded as a liability.
The journal entry to pay the $1,200 owed would be:
The journal entry to pay the $1,200 owed would be:
Debit: Income Tax Payable $1,200
Credit: Cash $1,200
What is a journal entry?A journal entry is used to record a business transaction in a company's accounting records. Typically, a journal entry is recorded in the general ledger.
The journal entry that Base Electronics need to record for $1,200 federal income tax incurred which has been recorded as a liability will include debiting the Income Tax Payable account as it is a liability and crediting the cash account, as it is a real account and needs to be credited when cash goes out of the business.
Therefore, the Income tax payable will be debited and cash to be credited for the journal entry to pay the $1,200 owed.
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manages her employees by carefully monitoring their service to customers, comparing what they do to meet customer expectations and time constraints. rose can best be described as a leader.
In this case Rose can be defined as task-oriented leader as she manages her employees by carefully monitoring their services to customers, comcomparing what they do to meet customer expectations and time constraints.
Who is a leader?A business leader is someone who inspires a team to work together toward a single objective. This can be a powerful individual, such as the vice president or chief executive officer of a sizable corporation, or the publisher of a newspaper.
Good qualities of a leader-
Self-awareness, credibility, relationship-building, a bias for action, humility, empowerment of others, authenticity, presenting themselves as constant and consistent, becoming role models, and being completely present are all qualities of successful leaders.
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Juan Rubio is the manager of the production department of Finch Corporation Finch incurred the following costs during Year 2: Production department supplies Administrative salaries Production wages Materials used Depreciation on manufacturing equipment Corporate-level rental expense Property taxes Sales salaries $ 5,900 391, eee 589, eee 532,280 353,6ee 239, eee 77,600 298,888 ET Required Prepare a list of expenditures that Mr. Rublo controls Controllable Items Amount Total
The Income and Expenditure Account is a summary of all items of incomes and expenses which relate to the ongoing accounting year.
The name of this institution is mentioned at the top, followed by its heading of Income and Expenditure account. The financial year for which this account has been created must be mentioned too. Typically, these have 4 columns with 2 on the left for expenditure, while those on its right for income. The first column contains expenditure details while the following column notes these expense amounts. The third column lists every income along with its following column mentioning income amounts .These second and fourth columns mention total expenditure and income in a financial year. As the above mentioned sum is incomplete ,the clearer alternative is attached.
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gourmet restaurants and fast food chains cater to the same want satisfaction-a place to eat. however, at the gourmet restaurants you experience finely prepared cuisine served by a highly trained wait staff while at the fast food chains you may have to serve yourself. which of the following characteristics of services best represents this difference?
The correct answer is self service standards show wide variations.
What is the characteristics of self service?
Customers want to be able to get in touch with you whenever and however they like. The objective is to always be accessible to them in their time of need. so that consumers don't have to repeat themselves, it is important to make sure that interactions are recorded and shared throughout the firm. Customers wants freedom to make decisions for themselves. Most clients won't put up calling and waiting on hold to make appointment.
They want to be able to utilize an app or enter into a portal to make changes to and changes to their own appointments.
Self-scheduling is a crucial skill. Additionally, customers want to be able to examine account and self service history information and modify their preferences.
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suppose the equilibrium price of apples is $4. if the current price of apples is $5, we could most confidently conclude that
When production costs are reduced while also rising equilibrium prices and quantities are the result. As a result, we might draw the conclusion that now the demand for apparel would increase quickly.
What does price mean?or each individual commands a fee. It is rumored that if someone offers them enough money, they can convince anyone to do something immoral or dishonest. There are always some who have, despite the fact that it could be true that now every man has a price. Simple Idioms Dictionary for Learning.
How much does grammar price?The words for price and prize are nouns, respectively. The definition of price is "the sum of money people pay to buy something": A hotel room's cost includes breakfast.
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On January 1, 2017, Crane Company, a calendar-year company, issued $2440000 of notes payable, of which $610000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2017, is:
a. Current liabilities, $610000; Long-term Debt, $1220000.
b. Current liabilities, $2440000.
c. Long-term debt, $2440000.
d. Current liabilities, $610000; Long-term Debt, $1830000.
If On January 1, 2017, Crane Company, a calendar-year company, issued $2440000 of notes payable. The proper balance sheet presentation on December 31, 2017, is: d. Current liabilities, $610000; Long-term Debt, $1830000.
What is balance sheet?Balance sheet can be defined as a financial statement that help to show the financial position of a company and balance sheet often includes the following:
AssetsLiabilitiesShareholder equityGiven data:
Notes issued = $2,440,000
Payable notes = $610,000
Now let prepare the proper balance sheet presentation on 31 December
Current liabilities
Payable note $610000
Long-term Debt $1830000
( $2,440,000 - $610,000)
Therefore the correct option is D.
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lower-level managers are empowered to make decisions in a ______ organization, which can ________ motivation and job satisfaction.
lower-level managers are empowered to make decisions in a decentralized organization, which can increase motivation and job satisfaction.
What is decentralized organization?A decentralized organization can be defined as the type of organization that makes it possible for both mid-level manager as well as lower-level managers to make decision .
In this decentralized organization allowing the lower -level manger to make decision can tend to help increase motivation as well as job satisfaction as the lower -level manger will often have the best interest of the company on mind and it will as well help to increase their performance.
Therefore the statement that fill in the gap is decentralized, increase.
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typical examples of assets leased as a finance lease include all of the following except: multiple choice question. delivery truck store building office supplies rail cars
At the end of the lease term, ownership of the asset is transferred to the lessee in a finance lease agreement. In contrast, in an operating lease agreement, the leasing company retains ownership of the asset throughout and after the lease term. One advantage of a finance lease is the ability to make payments as you see fit.
A finance lease is what kind of asset?Leases that are referred to as "finance" are regarded as assets on a company's balance sheet and accounted for as debt in the finances of the lessor. As a result, they lose value over time and accrue interest.
When does a lease become a finance lease?There is no requirement for a guarantee of residual value, no purchase option, and no transfer of ownership at the end of the lease term. Under the new standard, the lease agreement is categorized as a finance lease because it covers the underlying asset's entire five-year life.
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who share profits and losses in a ratio of 4:3:3, respectively, are partners in a home decorating business that has not been able to generate the income the partners had hoped for. they have decided to liquidate the business and have sold all assets except for their decorating equipment. all partnership liabilities have been settled and all the partners are personally insolvent. the decorating equipment has a book value of $66,000, and the partners have capital account balances as follows: bracken, capital $ 41,250 louden, capital 8,250 menser, capital 16,500 required: determine the amount of cash each partner will receive as a liquidating distribution if the decorating equipment is sold for the amount stated in each of the following independent cases: note: do not round intermediate calculations.
Profit sharing is a system where employees are paid a portion of the net earnings of the firm they work for, according to a predetermined written formula. These payments, which may differ based on salary or compensation, are separate from and in addition to ordinary income.
Calculation:The answer to the above calculation is displayed below: -
a. Bracken Louden Menser
Profit/loss ratio 50% 25% 25%
Capital balances before sale $ 41,250 $8,250 $ 16,500
Loss from sale $16,000
Loss Allocation ($8,000) ($4,000) ($4,000)
Capital balance after sales $32750 $4250 $12300
Distribution of cash $32750 $4250 $12300
b.
Bracken Louden Menser
Capital balance $41,250 $8,250 $16,500
Loss from sale ($66000) ($16,000) ($8,000) ($8,000)
After sales Capital balance $24750 ($250) $7500
capital deficit allocation ($750) 0 ($500)
New capital balance $24000 0 $7000
Distribution cash $24000 0 $7000
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Which of the following is not one of the seven basic accounting categories? a.asset b.gains c.losses d.investment
Another of the seven fundamental accounting groups is not investment. Your funds are organized using a chart of accounts, which consists of five main account kinds.
What does investment mean?An investments is a transaction made in the prospect of profit or capital growth. The phrase "appreciation" refers to a rise in an asset's worth over time. When someone buys something as an investment, they don't intend to use it themselves.
Is buying Bitcoin a wise investment?Bitcoin, the most expensive cryptocurrency in terms of market value, is a risky and unstable investment. If you have a high risk tolerance, a strong economic position, and the capacity to absorb any prospective losses, these factors shouldn't really be taken into account.
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