A retirement plan guarantees to pay to you or your estate a fixed amount for 20 years. At
the time of retirement, you will have $250,000 to your credit in the plan. The plan anticipates
earning 9% interest compounded monthly. How much will your monthly benefits be, paid at the
end of each month?

Answers

Answer 1

The Monthly benefits is  mathematically given as

Monthly benefits = 2249.315$.

This is further explained below.

How much will your monthly benefits be, paid at the end of each month?

The term "retirement planning" refers to the process of arranging one's finances in such a way as to save money, make investments, and ultimately disperse that money so that the individual will have enough to live off of

Retirement planning allows you the luxury of living a comfortable life after retirement

Generally, the equation for Present Value of Annuity  is  mathematically given as

[tex]P V=\frac{P}{r}\left[1-(1+r)^{-n}\right]$$$[/tex]

[tex]\Rightarrow \quad \$ 250,000=\frac{P}{0.09 / 12}\left[1-\left(1+\frac{0.09}{12}\right)^{-20 \times 12}\right][/tex]

[tex]&\Rightarrow P=\frac{\$ 250,000 \times 0.09}{12\left(1-\left(\frac{1+0.09}{12}\right)^{-240}\right]} \\[/tex]

P=$ 2249.315

In conclusion, The Monthly benefits are

MB= 2249.315$.

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Related Questions

An item costs $3 to make. If fixed costs are $1500 and profits are $32500 when 1000 items are made and sold, find the revenue
equation. (Let x be the number of items.)

Answers

The Revenue function = 26.5x

Revenue is how plenty of the gross sales is left over after deducting prices and losses, and it is used to pay for enterprise operations or the cost of manufacturing. To calculate your net revenue, subtract any sales reductions, allowances, returns, and commissions from your gross revenue.

Revenue is all of the cash it has earned. income/profit usually incorporates other facets of an enterprise. as an instance, internet income or incorporate costs including a fee of goods bought, running charges, taxes, and hobby charges.

Variable cost = $ 3

Fixed cost = $ 32500

Cost function C(x) = 32500 + 3x

Let selling price per unit = $ s

Revenue function = sx

Profit function = sx - 32500 - 3x

When x=200, profit = $1400

1500 = s × 200 - 3200 - 3 × 200

200s = 1500+3200+600

s = 5300/200

s = 26.5

Revenue function = 26.5x

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Which of these is a method for gaining feedbackin agile?​

Answers

provide input after being requested.

First, ask questions.

Relay only information that is in the receiver's control.

When giving instances, be succinct and precise.

What are some of the processes that an agile project might use to get feedback?

We'll give you an example and go into further detail about the result.

Putting Feedback Loops into Practice on a Kanban Board.

1) Everyday Meeting (Standup Meeting)

2) A meeting to replenish and commit.

Meeting to plan the delivery.

Review of the Service Delivery

Which methodologies are available in Agile?

Scrum, Kanban, Extreme Programming (XP), Lean Development, and Crystal are the five primary Agile techniques.

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Most businesses won't tell you the truth about their product or service.Their job is tell you the good things Your job is to find out the truth.

Answers

Most businesses won't tell you the truth about their product or service. Their job is to tell you the good things Your job is to find out the truth. this statement is true.

Business nouns are countable or uncountable. In more general and commonly used contexts, the plural can also be business. However, in more specific contexts, the plural can also be firm. Concerning various kinds of companies or collections of companies.

A company is defined as an organization or business entity engaged in commercial, industrial, or professional activities. A company can be either a commercial entity or a non-profit entity. Company types range from limited liability companies to sole proprietors, corporations, and partnerships. Business is made up of individuals working together to meet the needs of society and common goals. Examples of businesses include Coca-Cola and Walmart, as well as small private companies such as accounting firms and local grocery stores.

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what is partnership in business?

Answers

A partnership is a relationship between 2 or a lot of folks to try and do trade or business. every person contributes money, property, labor, or skill, and shares the profits and losses of the business. Publication 541, Partnerships, has data on how to: kind a partnership. create partnership distributions.

A partnership business, by definition, consists of two or more those that mix their resources to make a business and conform to share risks, profits and losses. Common partnership business examples embrace law corporations, medical practitioner groups, realty investment firms, and accounting groups.

A partnership may be a kind of business where 2 or more folks share ownership, further because of the responsibility for managing the corporate and also the financial gain or losses the business generates.

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28) LMX theory is primarily concerned with how well leaders and followers ____.

A) maintain high commitment levels

B) achieve work-related goals

C) work together

D) create peer relationships

Which is correct help me!

Answers

LMX theory is primarily concerned with how well leaders and followers work together.

What is the Leader-member exchange theory?

The theory takes still conceptualizes leadership as a process that is centered on the interactions between leaders and followers and makes the dyadic relationship between leaders and followers the focal point of the leadership process.

The theory does not focus on the specific characteristics of an effective organizational leader, it focuses on the nature and quality of the relationships between a leader and his or her individual subordinates. So, as the LMX theory is primarily concerned with how well leaders and followers work together. Therefore, the Option C is correct.

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What are the 3 primary ways to migrate client data to QuickBooks Online?
Enter data manually into the QuickBooks Online forms and check registers
Use the Import data tool
Use the Export Data tool
Convert data from existing QuickBooks Desktop file
Create Recurring transactions

Answers

The 3 primary ways to migrate client data to QuickBooks Online are:-

QuickBooks Online forms and check registers.Convert data from existing QuickBooks Desktop file.Use the Import data tool

QuickBooks is a comprehensive business and financial management suite that includes accounting, inventory, payroll, tax filing, invoicing, bank account tracking and reconciliation, cost management, budgeting, payment data processing.

QuickBooks is a comprehensive business and financial management suite that includes accounting, inventory, payroll, tax filing, invoicing, bank account tracking and reconciliation, cost management, budgeting, payment processing, and accounts receivable and data payable management capabilities. QuickBooks Online Certification trainings and examinations are accessible in QuickBooks Online Accountant for free to accounting professionals.

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What is product positioning?

Answers

Answer:

Product positioning is a form of marketing that presents the benefits of your product to a particular target audience.

Explanation:

45) Tomas goes to work, gets his job done, and then goes home. This is an example of which type of membership?

A) in-group
B) out-group
C) task
D) supportive

Which is correct?

Answers

Tomas goes to work, gets his job done, and then goes home. This is an example of which type of membership is A) in-group.

Membership packages are a means of incentivizing giving and involvement within nonprofit groups and institutions. The agency extends additional engagement opportunities to individuals in trade for donations in the form of membership prices.

A club card is a physical or digital card that proves a member's club is together with your organization. It is able to be used when admitting individuals into occasions and to provide them access to different member blessings.

Membership status means the designation of a member as either full Member, Alert Member, or Probationary Member.

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Ques: In considering the trade-offs for systems development processes, what could cause diseconomies of scale? a. unexpected events

Answers

Considering the trade-offs for systems development processes could cause diseconomies of scale and unexpected events adding more people.

Economies of scale consult with these decreased expenses in line with units springing up due to a boom within the total output. Diseconomies of scale, alternatively, occur when the output increases to this sort of a superb extent that the fee according to unit starts increasing.

Economies of scale exist whilst long-run average general cost decreases as output will increase, diseconomies of scale arise while long-run common total value increases as output will increase, and constant returns to scale occur while prices do now not trade as output increases.

Economies of scale are when the value according to a unit of production (common cost) decreases because the output (sales) increases. Diseconomies of scale are when the price per unit of production (common cost) increases due to the fact the output (income) will increase. the increase brings each benefit and drawback to an enterprise.

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your manager ask you to get details on a computer crash
what windows application could you use

Answers

The window you can use is Event Viewer.

Event Viewer is part of Microsoft's home windows NT running device that shall we administrators and users view the occasion logs on a neighborhood or faraway gadget.

Microsoft home windows Server Event Viewer is a monitoring device that suggests a log of events that can be used to troubleshoot troubles on a windows-primarily based system. The event Viewer presentations data about software, security-associated, gadget ,and set up events.

The windows event viewer indicates a log of software and gadget messages, together with mistakes, records messages, and warnings. It's a beneficial device for troubleshooting all forms of special windows problems.

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Required: a. State the proxy for the risk-free asset in any market. (1)​

Answers

The current market interest rate on a savings account with government insurance serves as a good substitute for the risk-free rate.

So how do investors assess new companies? In this situation, thinking of valuation as a stand-in for risk is the best approach to comprehend it. In other words, your valuation will be lower and vice versa depending on how risky an investor perceives your investment to be current market . An extensive depiction of a larger market, like the stock market, is called a "market proxy." A market proxy can be used as the foundation for statistical research or index funds. The most well-known current market market proxy for the American stock market is the S&P 500 index. A risk-free asset is one with a guaranteed future return and almost little chance of loss. Debt Bonds, notes, and particularly Treasury bills issued by the U.S. Department of the Treasury are regarded as risk-free investments because they are backed by the "full faith and credit" of the American government.  

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Georgia Pacific, a manufacturer, incurs the following costs. (1) Classify each cost as either a product or a period cost. If a product cost, identify it as direct materials, direct labor, or factory overhead, and then as a prime and/or conversion cost. (2) Classify each product cost as either a direct cost or an indirect cost using the product as the cost object.
1. Office supplies used.
2. Bad debts expense.
3. Small tools used.
4. Factory utilities.
5. Advertising.
6. Amortization of parents on factory machine.
7. Payroll taxes for production supervisor.
8. Accident insurance on factory workers.
9. Depreciation - Factory building.
10. State and federal income taxes.
11. Wages to assembly workers.
12. Direct materials used.

Answers

Product cost: This is the total cost incurred to manufacture a product. Product costs include direct materials costs, direct labor costs, and manufacturing overhead. This cost is included in the cost of the inventory.

Direct materials cost: Direct materials cost is the cost of prime raw materials which are directly related or identified with the goods produced. For example, the cost of plastic components is identified as a direct materials cost in the production of plastic bottles.

1. Office supplies used. - direct cost

2. Bad debt expense. -  indirect cost

3. Small tools used. - direct cost

4. Factory utilities. - direct cost

5. Advertising. - direct cost

6. Amortization of parents on a factory machine. -  indirect cost

7 . Payroll taxes for production supervisor. -  indirect cost

8. Accident insurance for factory workers. -  indirect cost

9. Depreciation - Factory building. -  indirect cost

10. State and federal income taxes. -  indirect cost

11. Wages to assembly workers. - direct cost

12. Direct materials used. - direct cost

Factory or manufacturing overhead costs The costs, which do not relate directly to the manufacturing of products, are referred to as factory or manufacturing overhead costs.

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Explain how scarcity is related to the concept of choice

Answers

Wherein there's a shortage, choices have to be made! scarcity refers back to the finite nature and availability of resources while desire refers to human beings' selections about sharing and using one's assets.

In economics, scarcity refers to assets that a restricted in amount. There are 3 reasons for shortage – call for-prompted, supply-caused, and structural. There also are two types of shortage – relative and absolute.

Scarcity is the primary monetary problem. It arises from the insufficiency of assets to fulfill human beings' needs. the shortage is ubiquitous. wealthy people face shortages when they need greater than they can purchase after they can't be in places without delay, and when, thus, they must pick among alternatives.

The shortage impact is the cognitive bias that makes human beings location a better cost on an item that is scarce and a decrease fee on one that is available in abundance.

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Corrine has been reading restaurant reviews from local restaurants to find out what is popular. She has also been talking with food and beverage suppliers about local trends and preferences. What is Corrine MOST LIKELY working on developing for her soon-to-open restaurant?

Answers

Preliminary Research Corrine most likely working on developing for her soon-to-open restaurant.

What is Preliminary Research?

Research on a topic that helps you gain a better understanding of the sources available and the viewpoints being expressed is known as preliminary study. This form of research strengthens a topic by enlarging or constricting it.

Using the knowledge you have obtained, you can select more effective search phrases. The Research Question, Background, Rationale, Hypothesis, and Objectives make up the first stage of a research project.

Thus, it is Preliminary Research.

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you are the manager of a firm that reveive revenue of Rs.30,000 per year from product X and Rs. 70,000 per year from product Y. The own price elasticity of demand for product X is -2.5 and the cross price elasticity of demand between product Y and X is 1.1 . how much will you firm's total revenue ( revenue from both products) change if you increase the price of good X by 1 present?

Answers

If you are the manager of a firm that receive revenue of Rs.30,000 per year from product X and Rs. 70,000 per year from product Y. The amount that your firm's total revenue ( revenue from both products) change if you increase the price of good X by 1 present is:$320.

Change in total revenue

Using this formula

Change in total revenue =[Revenue X (1+Price elasticity)+ Revenue Y (cross price elasticity))×Percentage change in price

Where:

Revenue X=30,000 per year

Price elasticity=-2.5

Revenue Y=70,000 per year

Cross price elasticity=1.1

Percentage change in price=0.01

Let plug in the formula

Change in total revenue=[30,000(1+(-2.5))+70,000(1.1)](0.01)

Change in total revenue=(-45,000+77,000)(0.01)

Change in total revenue=32,000×0.01

Change in total revenue=$320

Therefore If you are the manager of a firm that receive revenue of Rs.30,000 per year from product X and Rs. 70,000 per year from product Y. The amount that your firm's total revenue ( revenue from both products) change if you increase the price of good X by 1 present is:$320.

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You and 11 coworkers just won ​$16 million ​($ ​1,333,333,33 each) from the state lottery. what is the present value of your prize before taxes if you request the​ 'up-front cash'​ option?
The present value of your prize before taxes if you request the​ 'up-front cash' option is ​$. ​

Answers

Based on the amount that you won and the return earned by the state lottery, the present value of the "up-front cash" is $715,450.96

What is the present value?

Over 17 years, the amount per year is:

= 1,333,333.33 / 7

= $78,431.37

This amount is the same every year so the present value will be that of an annuity.

The present value is:

= Annuity amount x present value interest factor of annuity, 17 years, 8%

= 78,431.37 x 9.122

= $715,451.96

Missing part of question:

Assuming you cach receive your share over 17 years and that the state lottery earns a 8 percent retum on its funds,

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Determine which events rely on the knowledge of a front desk clerk and which rely on the skill of the front desk clerk.
A guest is at the hotel for a business conference;
he inquires about the availability of Wi-Fi.
Due to a change of plans, a guest decides to go to
a movie, but she doesn’t know the location of the
nearest movie theater.
A guest calls to make a reservation and would like to
know the types of accommodation available at the hotel.
Lara manages the front desk effectively because
she has the ability to think on her feet.
A couple that had reservations for the honeymoon
suite was assigned to a deluxe room instead and is
disputing the incorrect reservation.
Mathew handles check-ins and check-outs so smoothly
that the manager wants him to train the team.

Answers

A visitor who is staying at the hotel for a business conference asks if there is Wi-Fi.

A visitor changes her plans and decides to see a movie, but she doesn't sure where the closest theatre is.

What expertise or experience is most crucial for a front desk clerk?

Every day, you may interact with higher management staff, coworkers, customers, or business clients as a front desk professional. You must modify your speech to speak with them effectively due to this crucial component of the job. They are in responsible of taking all incoming calls, directing calls as needed, setting up meetings, and organising office activities. They must also welcome and greet guests.Healthy communication inside the workplace develops respect and a feeling of teamwork between employees and visitors as well as between employees and the management body.Innkeepers in hotels, motels, and resorts check guests in and out. This could entail checking visitors' registration details, handling payments, giving out room keys, and showing visitors to their rooms. No credit card is necessary; totally free trial.

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Use the midpoint method to calculate the price elasticity of demand for potato chips that increased in price from $2.00 to $3.00. The quantity demanded decreased from 100 bags a week to 50 bags a week at the local grocery store. Round to one decimal place.

Answers

The price elasticity of demand for potato chips is - 1.67.

How elastic is demand in relation to prices?

The relationship between the percentage change in a product's quantity demanded and the percentage change in price is known as price elasticity of demand. It helps economists comprehend how supply and demand shift in response to changes in a product's price.

The following is a formula for price elasticity of demand using the midpoint method:

Price elasticity of demand = [tex]\frac{{(Q_{2} - Q_{1}) / (Q_{2} + Q_{1} ) / 2}}{ {(P_{2} - P_{1} ) / ( P_{2} + P_{1}) /2 }}[/tex]

Where,

The quantities before and after price increases are [tex]Q_{1}[/tex] and [tex]Q_{2}[/tex], respectively;

Initial price is [tex]P_{1}[/tex], and new price is [tex]P_{2}[/tex].

When you add up all the numbers, you get:

Price elasticity of demand = [tex]\frac{{(50 - 100) / (50 + 100 ) / 2}}{ {(3 - 2 ) / ( 3 + 2) /2 }}[/tex]  = - 1.67

Negative signs suggest that volume will decline as prices rise.

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Pappa's Appliances uses the periodic inventory system. Details regarding the inventory of appliances at January 1, purchases invoices during the year, and the inventory count at December 31 are summarized as follows:



Model Inventory,

January 1

Purchases

Invoices 1st

Purchases

Invoices 2nd

Purchases

Invoices 3rd Inventory Count,

December 31

C55 3 at $ 1,040 3 at $ 1,054 3 at $ 1,060 3 at $ 1,070 4

D11 9 at 639 7 at 645 6 at 666 6 at 675 11

F32 5 at 240 3 at 260 1 at 260 1 at 280 2

H29 6 at 305 3 at 310 3 at 316 4 at 317 4

K47 6 at 520 8 at 531 4 at 549 6 at 542 8

S33 — 4 at 222 4 at 232 — 2

X74 4 at 35 6 at 36 8 at 37 7 at 39 7

Required:


1. Determine the cost of the inventory on December 31 by the first-in, first-out method and weight average method.


If the inventory of a particular model comprises one entire purchase plus a portion of another purchase acquired at a different unit cost, use a separate line for each purchase. If units are in inventory at two different costs, enter the units PURCHASED MOST RECENTLY first

Answers

1. The cost of the inventory on December 31 by the First-in, First-out (FIFO) method is $18,545.

2. The cost of the inventory on December 31 by the Weighted Average Cost method is $18,150.50.

What is the FIFO method?

The FIFO method is the inventory costing method that computes the cost of goods sold based on the cost flow assumption that goods bought or produced first are the first to be sold

The ending inventory cost becomes the difference between the cost of goods available for sale and the cost of goods sold.

What is the weighted average cost method?

Under this method, the weighted average cost (total cost divided by quantity) is computed for each inventory model.

Both the cost of goods sold and the cost of ending inventory are based on the weighted average.

Data and Calculations:

                                         Purchases Invoices

Model       Inventory,                                                             Inventory Count

                 January 1       1st                2nd                 3rd       December 31

C55         3 at $ 1,040  3 at $ 1,054   3 at $ 1,060  3 at $ 1,070        4

D11           9 at 639       7 at 645         6 at 666       6 at 675             11

F32          5 at 240       3 at 260         1 at 260        1 at 280              2

H29         6 at 305       3 at 310          3 at 316        4 at 317               4

K47          6 at 520      8 at 531           4 at 549      6 at 542              8

S33          —                 4 at 222          4 at 232           —                    2

X74         4 at 35         6 at 36            8 at 37         7 at 39                 7

FIFO: Ending Inventory:

                                         Purchases Invoices

Model       Inventory,                                                             Inventory Count

                 January 1       1st                2nd                 3rd       December 31

C55                 —              —                1 at $ 1,060  3 at $ 1,070        4

D11                   —              —               5 at 666       6 at 675             11

F32                 —               —               1 at 260        1 at 280              2

H29                —               —                       —          4 at 317               4

K47                 —               —               2 at 549      6 at 542              8

S33                 —               —               2 at 232           —                    2

X74                 —               —                     —           7 at 39                 7

C55:

1 at $ 1,060    $1,060

3 at $ 1,070     3,210  $4,270

4              

D11:

5 at 666       $3,330

6 at 675       $4,050  $7,380

11

F32:

1 at 260        $260

1 at 280        $280     $540      

2

H29:

4 at 317       $1,268  $1,268  

4

K47:

2 at 549     $1,098

6 at 542    $3,252 $4,350  

8

S33:

2 at 232      $464    $464

2

X74:

7 at 39        $273   $273

7

38 Total Ending Inventory = $18,545

Weighted Average Cost:

Model   Total Costs  Items    Average Cost  Count  Ending Cost

C55       $12,672          12             $1,056            4 = $4,224

D11         $18,312         28                $654            11 =    7,194

F32        $2,520         10                $252             2 =     504

H29       $4,974          16                $310.875      4 =   1,243.50

K47       $12,816         24                $534             8 =  4,272

S33         $1,816           8                $227             2 =     454

X74          $925        25                  $37              7 =     259

Total ending inventory                                    38    $18,150.50

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If financial information is relevant this means that

Answers

If financial information is relevant it means the inform is relevant and important in making important financial decisions.

What are financial information?

Financial information contains details about an organisation financial transaction or finance.

This includes all financial expenses and profits that the organization incurred.

Financial information should have a predictive value to make it more detailed and useful for important decision.

Therefore,

If financial information is relevant it means the inform is relevant and important in making important financial decisions.

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James was on a budget and debt-free when Tom, his best friend, was partially paralyzed in a car accident. Tom’s school took up a collection for a special wheelchair, but James had no savings, and he couldn’t fit giving into his budget. James felt horrible about not being able to help out. How can he do things differently in the future so he can help people in need like Tom?

Answers

The way that James would be able to do things differently so that he is able to help his friend would be by:

Having to rearrange his priority to include giving in his budget.He would have to learn how to save money so that he can take care of unforeseen circumstances such as this.

What is saving?

This is the term that has to do with all of the activities that would involve the keeping of money aside so as to be able to take care of certain needs that may arise at a time that one may not be expecting. Such needs are classified under unforeseen events.

The needs of his friend can be seen as an unforeseen event because he was not expected to have been in an accident. James would have been able to help out if he had money saved somewhere,

We can conclude by saying that The way that James would be able to do things differently so that he is able to help his friend would be by:

Having to rearrange his priority to include giving in his budget.He would have to learn how to save money so that he can take care of unforeseen circumstances such as this.

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Three types of goods are “substitutes”, “complements”, and “inferior”. Each type of good has the power to do what the demand curve?
A. Tilt it
B. Shift it
C. Bend it

Answers

The demand curve will Shift it. As Three types of goods are “substitutes”, “complements”, and “inferior”. Each type of good has the power. Hence, option B is correct.

What is demand curve?

The demand curve is a graphical representation of the relationship between the price of an item or service and the quantity demanded over a given period of time. The price is frequently depicted on the left vertical axis and the quantity requested on the horizontal axis.

In economics theory, there are various different kinds of curves. There are four types of demand curves: elastic, inelastic, individual, and market curves.

Thus, option B is correct.

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Meira is interested in getting money to buy a house. Which workplace would give her the best chance of obtaining that money?

Answers

A bank would give her the best chance of obtaining that money. Thus, option A is correct.

What is the workplace?

The workplace can be defined as the place where people come in to have a job or to work. It can be a building and an office in this without there can be many numbers of employees that are being employed over there.

If Meira is interested in getting home then the loan is the best option one can and the best chance in getting that would be from a bank as the rate would be already decided, and they might have an account over there which would have a fixed rate of interest for her.

Therefore, option A is the correct option.

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The question is incomplete, the complete question will be:

a bank

an insurance company

the stock market

a tax preparation office

Tylers client expressed concerns and questioned some of the details of the sales proposal once he completed his sales presentation. An effective salesperson would

Answers

An effective salesperson would ask if there are any types of doubts or concerns that the person has with respect to the sales pitch.

Who is a salesperson?

A sales representative is a person who represents a business and sells its own goods or services. The sales representatives typically market their goods by calling customers, interacting with them in person, placing advertisements, filing out tenders, etc.

The salesperson wants them to express if they have any is out of query or want doubts or concerns regarding the sales space that was given to them, they create a sense of information in the best possible manner that they can provide.

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Outlines give you a chance to organize your thinking before determining word choice and sentence structure. Which of the following will help you create a more effective outline?
Check all that apply.

Strive for three to five major components
Move single subpoint to larger groups
Have one main topic that does not relate to the title
Combine subpoints whenever possible
Allow subpoints to overlap
Put the main idea in the title

Answers

Some actions that will help you create a more effective outline includes:

Avoid single items under major componentsDivide the main topic into major componentsMake each sub-point exclusive

What is the purpose of outline?

Basically, its give one the chance to organize their thinking before determining word choice and sentence structure.

When making an outline, we should define the main topic in the title, divide the main topic into major components or classifications, break the components into sub-points. Also, If there is a single item under a sub-point, combine it with the main time above or below it, we can make each component exclusive and use details, illustrations, and evidence to support each sub-point.

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Hart, Attorney at Law, experienced the following transactions in Year 1, the first year of operations:

Answers

Showing the effects of the transactions on the financial statements is as follows:

                             Balance Sheet                                   Income Statement

               Assets =  Liabilities                  +  Equity      Revenue - Expenses

   Cash   Supplies  Accounts   Unearned   Retained  

                                Payable     Revenue    Revenue

1.  $36,000                                 $36,000

2.   54,000                                                                    $54,000

3.              $2,800    $2,800

4. ($2,400)              ($2,400)

5. ($5,000)                                                   ($5,000)

6. ($31,000)                                                                                     ($31,000)

7.            ($2,600)                                                                            ($2,600)

8.                                              ($27,000)                    $27,000

   $51,600 $200       $400        $9,000    ($5,000)   $81,000 - ($33,600)

Net income = $47,400 ($81,000 - $33,600)

Transaction Analysis:

1. Cash $36,000 Unearned Revenue $36,000

2. Cash $54,000 Service Revenue $54,000

3. Office Supplies $2,800 Accounts Payable $2,800

4. Accounts Payable $2,400 Cash $2,400

5. Dividend $5,000 Cash $5,000

6. Operating expenses $31,000 Cash $31,000

7. Supplies Expenses $2,600 Office Supplies $2,600

$200 of office supplies remained on hand.

8. Unearned Revenue $27,000 Service Revenue $27,000

Thus, the transactions of Hart produced a net income of $47,400 for Year 1, using the accounting equation.

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Question Completion:

1. Accepted $36,000 on April 1, Year 1, as a retainer for services to be performed evenly over the next 12 months. 2. Performed legal services for cash of $54,000. 3. Purchased $2,800 of office supplies on account. 4. Pald $2,400 of the amount due on accounts payable. 5. Pald a cash dividend to the stockholders of $5,000. 6. Pald cash for operating expenses of $31,000. 7. Determined that at the end of the accounting period $200 of office supplies remained on hand. 8. On December 31, Year 1, recognized the revenue that had been earned for services performed in accordance with Transaction 1. Required Show the effects of the events on the financial statements.

15). The path-goal approach suggests that a leader's job is to use a style that best fits _____.

A) followers’ needs

B). followers' needs and the type of job they are doing

C). their own and the followers' work style

D). followers' characteristics

Which is correct!

Answers

The path-goal approach suggests that a leader's job is to use a style that best fits followers' needs and the type of job they are doing.

The path-goal concept states that a leader's behaviour is contingent on the delight, motivation, and performance of their employees. The manager's activity is regarded as guiding employees to choose the first-rate paths to attain both their desires as well as the agency's dreams.

An example of this fashion might be while an income leader units a high aim for the range of sales a group must make at some point. The chief builds up the team's self-assurance all through the sales event, encourages, and supports every worker to do their great to attain the high sales aim they set.

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Lisa needs to determine the price for her new product. She wants to list it at a price point her
customers will approve of while keeping it high enough that she earns a decent profit to benef
shareholders. Lisa is trying to please multiple
a. businesses
b. Stakeholders
c. priorities
d. Sharehholders
e. clients

Answers

Answer:

c

Explanation:

the answer is not a because it simply isn't stated in the question that she has multiple businesses and it is not e because she is also looking for profit herself it is c becuz not only does she want to please the stakeholders but her clients as well giving her multiple priorities

In a situation where Lisa wants to list product at a price point her customers will approve of while keeping it high enough that she earns a decent profit to benefit of the shareholders, she is trying to please multiple priorities. Therefore, the option C holds true.

What is the significance of a pricing method?

A pricing method can be referred to or considered as a method in which a seller or producer determines the point of price at which maximum quantity of their products will be demanded in the market, and also earn a substantial share of profits for the seller.

When a pricing method to ensure demand as well as profits is chosen by the seller, then in such case, the seller is known to please the customers as well as the shareholders, i.e., multiple priorities.

Therefore, the option C holds true and states regarding the significance of a pricing method.

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I need answers to the following ASAP please

1. If the debit and credit columns of the trial balance match,, then does that guarantee that the journal entries where prepared correctly?


2. Why are the temporary accounts closed during the closing process?

Answers

1. It is correct to state that the debit and credit columns of the trial balance match, this ensures that the accounting entries have been prepared correctly.

2. Temporary accounts are closed during the accounting period closing process for purposes of organization, control and to prevent balances from being mixed with those of the next accounting period.

What is an accounting period?

Corresponds to a period of time in which an organization will calculate its assets, that is, its credits and debits related to a period that can be carried out, for example, in the weekly, monthly or annual period, which is an instrument for identifying the financial situation of the company and its evolution.

Therefore, it is essential that accounting, such as financial statements and balance sheets are developed in an organized and structured way, in order to increase corporate governance to stakeholders, in addition to ensuring the best decision-making for business performance.

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Which of the following accounts would likely be included in a deferral adjusting entry

Answers

The accounts that would likely be included in a deferral adjusting entry is option d) Unearned Revenue.

What are Unearned Revenue?

Unearned Revenue accounts are known to be  the amount that is said to have been obtained or received in course of the current period but it it is one that need to be recognized as income in regards to the coming period.

Note that when a service is given in part during then, it is one that often needs the adjusting entry as placed on balance sheet date.

Therefore, Interest Revenue, Accounts Receivable, and Salaries Payable is seen as an income or as a form of expense in full in course of the current period and so, The accounts that would likely be included in a deferral adjusting entry is option d) Unearned Revenue.

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which one of the following accounts below would likely be included in a deferral adjusting entry?

a) Interest Revenue

b) Accounts Receivable

c) Salaries Payable

d) Unearned Revenue

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