Answers
Baker invested $80,000. Baker capital = $80,000, Baker Withdrawals = $125.00, Cash = $-1,490.00
What is investment?
An investment is a valuable item bought with the intention of increasing one's wealth. While stocks, bonds, and real estate are frequently included when discussing investments.
Assets = Liabilities + Owner's Equity
Cash + Accounts + Computer = Accounts + B. Baker - B. Baker + Revenues - Expenses
Complete solution given in image.
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Related Questions
Project success is defined as adherence to budget, schedule, functionality (performance) and client satisfaction. Under these criteria, cite evidence that suggests the Sochi Olympics project was a success and/or failure.
Answers
The evidences provided suggest that Sochi Olympics was a great failure as the estimated cost of the Olympics went up.
What is Budget?Budget refers to the future projections of the income and the expenditure. It tells where the individuals income will be utilized at the given period of time.
There are several evidence available that suggest that the Sochi Olympic was the failure. The budget estimation was the failure as cost went more then $50 billion.
One of the other evidence was the corruption in the several area such as infrastructure, buildings, and roads etc which ended up with highly inflated price tags.
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How can personality/attitude/ego make or break a business deal
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The personality/attitude/ego of a person can make or break a business deal because if they are too arrogant or docile they may lose the deal.
What is an Attitude?This refers to the way and manner in which a person relates to others and how he acts around them.
Hence, we can see that when transacting business and as a general rule, it is important to be respectful to others and not be arrogant to them as failure to do this might annoy them and they would refuse to deal with you.
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Kaspar Corporation makes a commercial-grade cooking griddle. The following information is available for Kaspar Corporation’s anticipated annual volume of 30,000 units. Direct materials $17 per unit Direct labor $ 8 per unit Variable manufacturing overhead $11 per unit Total Fixed manufacturing overhead $300,000 Variable selling and administrative expenses per unit cost $ 4 Fixed selling and administrative expenses $150,000 (Total cost) The company uses a 40% markup percentage on total cost. Required: (a) Compute the total cost per unit.
Answers
Based on the costs incurred by Kasper Corporation to make the commercial-grade cooking griddle, the total cost per unit is $55.00.
What is Kaspar Corporation's cost per unit?This can be found as:
= Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead per unit + Variable selling and administrative expenses + Fixed selling and administrative expenses per unit
Solving gives:
= 17 + 8 + 11 + (300,000 / 30,000) + 4 + (150,000 / 30,000)
= $55
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Eagle Ridge, inc. issued 40 shares of $20 par value stock to its accountant in full payment for her $900 fee for assisting in setting up the new company. The entry for the issuance of the stock is a
a. debit to paid-in capital in excess of Par-Common for $100
b. debit to Common Stock for $800
c. credit to Common Stock for $800
d. credit to Common Stok for $900
Answers
The journal entry for the issuance of the stock for issue of 40 shares at a par value of $20, will affect a credit to Common Stock for $800.
What is a journal entry?The process of maintenance of systematic and chronological records of financial transactions during a given financial period is known as a journal entry.
Hence, option C holds true regarding the journal entry.
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Victor needs to calculate his total net worth from the data in a balance sheet. He adds his total assets in cell B2 and total liabilities in cell B3. What formula should Victor use to calculate his net worth?
Answers
Victor should use = MINUS(B2,B3) formula to calculate his net worth
Given the total assets in cell B2 and total liabilities in Cell B3
We need to find formula should Victor use to calculate his net worth
A liability in financial accounting is the future economic gains that an entity must forfeit to other entities as a result of previous transactions or other past occurrences.
Any resource that a company or other economic organization owns or controls is considered an asset in financial accounting. Anything that has the potential to provide positive economic value qualifies. The ownership value that may be turned into cash is represented by assets.
The total net worth of any company or person is difference between their assets and liabilities
So victor would use following formula to find his net worth:
Victor networth = total assets in cell B2 - total liabilities in cell B3
Hence Victor should use = MINUS(B2,B3) formula to calculate his net worth
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Natural monopolies are usually set up in order to:
A. earn profits for shareholders.
B. increase market competition.
C. provide a public service.
D. avoid government regulations.
Answers
Answer:
I believe the answer is D
Households can sign up for a telemarketing “no-call list.” How might households who sign up differ from those who don’t? What biases might this create for telemarketers promoting (a) financial planning services, (b) carpet cleaning services, and (c) vacation travel packages?
Answers
Answer:
business in good in grenada
a) Households that sign up for the "no-call list" might be more privacy-conscious and value their time.
b) Households on the "no-call list" might be more concerned about privacy and unwanted interruptions, making them less receptive to telemarketing calls promoting carpet cleaning services.
c) Households on the "no-call list" may be less inclined to entertain unsolicited offers for vacation travel packages, as they might prefer to plan their trips on their own terms or through trusted travel agencies.
(a) Financial Planning Services:
They may be less interested in unsolicited calls and prefer to research and seek financial services on their own terms. This could lead to biased telemarketing as financial planners might have fewer leads and potential clients, limiting their outreach to only those who are open to unsolicited calls or who haven't signed up for the list. This can result in missing out on potential clients who might have been interested but are unreachable due to the "no-call list."
(b) Carpet Cleaning Services:
As a result, telemarketers might face challenges reaching potential customers and might need to rely more on alternative marketing channels. This could create a bias in favor of households that haven't signed up for the list, potentially leading to a more favorable response rate from those individuals.
(c) Vacation Travel Packages:
This bias could lead to a decreased likelihood of telemarketers successfully promoting travel packages to households on the list. Telemarketers might need to focus their efforts on households not on the list, potentially affecting the diversity of their clientele and sales.
Overall, the "no-call list" can introduce biases in telemarketing efforts, favoring households that haven't signed up for the list.
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principle states that inventory costs are expensed as cost of goods sold when inventory is sold
Answers
Answer:
The expense states that inventory costs are expensed as the cost of goods sold when inventory is sold.
Slippery Slopes promised to arrange for a licensed California contractor to "work with" Water Slides Designs on the construction; Slippery Slopes also assured it would pay the total contract price of $850,000, regardless of any licensing issues. Water Slides Designs designed and installed the pool as ordered. But Slippery Slopes failed to make the final payment of $110,000. Water Slides Designs sued.cAN SLIPPERY SLIDES DESIGNS BE SUED FOR BRESCH OF CONTRACT OR FRAUD TRICKERY
Answers
Yes, Slippery Slopes did Breach of Contract entered by both parties since it is contract whether verbal or written and as such, they they can be sued.
What is the breach of a contract?This is known to be a violation of a contractual duty that has been entered by two or more parties. One may breach a contract if they fail to keep or carry out a promise, etc.
Therefore, the response is Yes, Slippery Slopes did Breach of Contract entered by both parties since it is contract whether verbal or written and as such, they they can be sued.
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McCallister's just purchased $16,500 worth of inventory. The terms of the sale were 1/15, net 45. What is the implicit interest?
Answers
The implicit interest based on the information given is $165.
How to calculate the interest?It should be noted that the implicit interest is calculated as:
= Inventory worth × Discount rate
= $16500 × 1%
= $165
Therefore, the implicit interest based on the information given is $165.
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An employee earned $61,300 during the year working for an employer. The Federal Insurance Contributions Act (FICA) tax rate for Social Security is 6.2% of the first $137,700 of employee earnings per calendar year, and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 1.45% of all earnings. The current Federal Unemployment Taxes (FUTA) tax rate is 0.6%, and the State Unemployment Taxes (SUTA) tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee’s pay. What is the amount of total unemployment taxes the employee must pay?
Answers
Based on tax laws, the total amount of unemployment taxes that the employee will pay is $0.
What amount of unemployment taxes do employees pay?Unemployment taxes are paid by employers on the basis of the amount they pay their employees.
This means that the employees don't actually pay unemployment taxes, but their salaries allow for the calculation of unemployment taxes.
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The amount of unemployment taxes paid by the employees is equivalent to zero in accordance with the rules made by the IRS authority.
What is IRS?IRS stands for Internal Revenue Service and is the authority in the US country that monitors and regulates the taxation system of the US.
The unemployment taxes are the impositions put on the income of employees but are required to be paid by the employer. It is merely done to provide funding for workforce agencies of states in the US country. It is determined as per the rate permitted by the IRS authority.
Therefore, the employee needs to pay nothing in respect of the unemployment taxes.
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Instruction: Each of the following passages contains a single argument. 1. identify the premises and conclusion of each argument 2. Fake out the premise and conclusion indicators and write them separ ately. 3. use the standard form of writing arguments premises first and concl usion last by using the letters "p" and "C" 4. which of these passages lack indicators, show us $. 28. 333 10. X X X X X X X X X X X X X X X X X X X X X X X X X X 1 "Abortion is wrong because all human life is sacred."2 "We must reduce the amount of money we spend on space explorati on. Right now, the enemy is launching a massive military buildup, an d we need the additional money to purchase military equipment to m atch the anticipated increase in the enemy's strength." 3 We must give up some privacy in the name of security. If the homeland is not secure, terrorist attacks orders of magnitudes larger than 9/11 will fin d their way to our shores. No amount of privacy is worth enduring an attac k like this. It really does matter if you get enough sleep. We need sleep to think clearl y, react quickly, and create memories. Studies show that people who are ta ught mentally challenging tasks do better after a good night's sleep. Other research suggests that sleep is needed for creative problem solving (U.S. Na tional institutes of Health, "Your Guide to Healthy Sleep") Women of the working class, especially wage workers, should not have mo re than two children at most. The average working man can support no m ore and the average working woman can take care of no more in decentia shion. (Margaret Sanger, Family Limitations) It's flu season and you work with kids, SO you should get a flu shot. "John will probably receive the next promotion SINCE he's been here the lon gest." Instruction : Each of the following passages contains a single argument . 1. identify the premises and conclusion of each argument 2. Fake out the premise and conclusion indicators and write them separ ately . 3. use the standard form of writing arguments premises first and concl usion last by using the letters " p " and " C " 4. which of these passages lack indicators , show us $ . 28 . 333 10 . X X X X X X X X X X X X X X X X X X X X X X X X X X " Abortion is wrong because all human life is sacred . " " We must reduce the amount of money we spend on space explorati on . Right now , the enemy is launching a massive military buildup , an d we need the additional money to purchase military equipment to m atch the anticipated increase in the enemy's strength . " We must give up some privacy in the name of security . If the homeland is not secure , terrorist attacks orders of magnitudes larger than 9/11 will fin d their way to our shores . No amount of privacy is worth enduring an attac k like this . It really does matter if you get enough sleep . We need sleep to think clearl y , react quickly , and create memories . Studies show that people who are ta ught mentally challenging tasks do better after a good night's sleep . Other research suggests that sleep is needed for creative problem solving ( U.S. Na tional institutes of Health , " Your Guide to Healthy Sleep " ) Women of the working class , especially wage workers , should not have mo re than two children at most . The average working man can support no m ore and the average working woman can take care of no more in decentia shion . ( Margaret Sanger , Family Limitations ) It's flu season and you work with kids , SO you should get a flu shot . " John will probably receive the next promotion SINCE he's been here the lon gest . "
Answers
The argument in each of the passage is life is precious. Hence, the whole passage hammers the importance of life. Read below on each premise and the conclusions made on them.
What are the premises and conclusion to back the argument?The premises are marked P and the conclusion are marked C. Read below;
P: Abortion; C: all human life is sacredP: wise spending; C: space exploration is inimicalP: warfare; C: improve the armyP: Privacy; C: embrace communalismP: Rest; C: sound healthP: Family planning; C: efficiency in family careP: flu outbreak; C: proactive responseP: Long service worker; C: promotionTherefore, the correct answers are given above.
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Pros and Cons of Adjustable-Rate Mortgages
An adjustable-rate mortgage (ARM) is another common type of mortgage. Determine whether each factor is a pro or
a con of an ARM, and place it in the correct category.
Pros of Adjustable-Rate Mortgages
Cons of Adjustable-Rate Mortgages
lower interest rates possible
riskier than fixed-rate mortgages
low beginning interest rate
interest rates can be raised
higher payments possible
Correct!
Answers
The pros and cons of the Adjustable-Rate Mortgages are consistent payments and lower interest rates possible.
What is Mortgage?Mortgage refers to the agreement between the lender and the buyer which involves the exchange of the money.
When person and a lender enter into a mortgage, the lender is granted the power to seize your property if person are unable to pay back the loan amount plus interest. Mortgage loans are used to either purchase a home or borrow against an existing home's worth.
Adjustable-Rate Mortgages is the loan which is granted for the homes which depends on the market as it does not has the fixed rate of interest.
The ARS mortgage type offers comfortable consistent payments, and over time, reduced interest rates may be feasible. However, there is a chance that interest will grow, which could be a drawback.
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Efficient Market Hypothesis
Answers
Answer:
The Efficient Markets Hypothesis (EMH) is an investment theory primarily derived from concepts attributed to Eugene Fama’s research as detailed in his 1970 book, “Efficient Capital Markets: A Review of Theory and Empirical Work.” Fama put forth the basic idea that it is virtually impossible to consistently “beat the market” – to make investment returns that outperform the overall market average as reflected by major stock indexes such as the S&P 500 Index.
what are the three element of business equipment and resource?
Answers
Answer:
1.1 Identify and access business equipment or resources required to
complete task under direct instructions
1.2 Estimate quantities and resources correctly to complete the task
1.3 Check equipment for serviceability in accordance with equipment
instructions
2. Operate equipment
2.1 Operate equipment in accordance with manufacturer's specifications
and under direct instructions
2.2 Identify equipment faults accurately and take action to ensure
equipment is repaired in accordance with manufacturer's
specifications
2.3 Report repairs outside area of own responsibility to appropriate
persons
3. Maintain equipment or resources
3.1 Maintain equipment or resources to support completion of tasks under
direct instructions
3.2 Undertake maintenance to ensure equipment meets manufacturer's
specifications
3.3 Maintain records concerning equipment or resources under direct
instructions
3.4 Store equipment and resources under direct instructions
Explanation:
Assume that you are a project manager who has to deliver a poster to a client in four days. Write a report on the tasks that you perform
Answers
As a project manager, firstly create a plan for the project idea, then Build and Manage the Dream Team for the poster, Manage the Money. Resolve Emerging Issues which occurring during the poster making.
What do project manager's key roles and responsibilities?Project managers take the lead in organizing, carrying out, overseeing, controlling, and wrapping up projects.
They are supposed to keep everyone informed and pleased while completing a project on schedule, within their allocated budget, and according to the project brief.
Thus, As a project manager, firstly create a plan for the project idea,
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A profit-maximizing monopolist will set its price:
1 as far above ATC as possible.
2 along the elastic portion of its demand curve.
3 where the marginal cost curve intersects the demand curve.
4 as close as possible to the minimum point of ATC
Answers
A profit-maximizing monopolist will set its price along the elastic portion of its demand curve. Thus the correct answer is option 2.
What is monopolist?When any market is ruled and regulated by individual identity for a particular commodity or service is referred to as a monopolist. Due to the absence of alternatives and competition, the monopolist is able to set high prices because they have sufficient market power.
The decision that will maximise profits for the monopoly is to produce at the level of output where marginal revenue equals marginal cost. This market monopolist will set their prices based demand curve proportion of elasticity.
Therefore, option 2 along the elastic portion of its demand curve is the appropriate answer.
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Explain the term "Business Plan" with relevant examples.
ontent of business plan
Answers
how do we advice company on how to support each of it`s S.B.U
Answers
6. Please list and describe your current involvement in the community. Do you volunteer for any local agencies, participate in any events that benefit community members, or belong to any clubs or groups
Answers
there are 5 ways to participate in your community
1 volunteer your time
2 donate your resources
3 shop locally
4 join a class or group
5 support your local sports teams
6 organise your own event
Hope it is helpful
The ways to participate in the current involvement in the community is to volunteer the time, donate the resources, in a class or group, support the local sports teams and organize the own event.
What is the community?A community is a social unit that shares characteristics such as location, norms, religion, values, customs, or identity. Communities can share a sense of place in a physical location or in virtual space via communication platforms.
In 8th grade, a person joined the National Junior Honour Society, which taught a person how much volunteering benefits people. It held a haunted house at my school and raised funds for those affected by Hurricane Michael.
Therefore, the NJHS community helped a person realize his passion for helping others, which is why he joined this site.
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Suppose that you want to train a group of engineers how to use their left brains to think more logically and use sequential plans to help them make decisions. Which of the following activities would help engineers get in touch with their left brains? Check all that apply.
Answers
The activities that would help engineers to get in touch with their left brains are:
Have the engineer set goals for attaining their tasksWhat does the left part of the brain do?This is the part of the human brain that is considered to be logical. This is the part that is used for writing, reading and also doing calculations.
The engineer would be have to get in touch with their left brains through the setting of goals.
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What methods show the property sheet? Check all that apply.
Answers
The method that is showing the property sheet can be done by clicking the property sheet in the tools group under the tools group tab as well as pressing the F4 function key.
What is a property sheet?The property sheet is one of the applications of computers that allows the user to change the properties on the window at any time.
After clicking on the tools group tab in the tools section and then pressing the F4 function key, the property sheet can be created on the computer. It is basically the creation of a property sheet in an electronic format.
Therefore, the explanation in option B is the correct answer.
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Which of the following is an example of an investing activity?
Issuance of shares
Repayment of long term debt
Prepayment of a contract
Purchase of machinery
Answers
Answer:
Purchase of machinery
Explanation:
Once you have purchased for a machinery, you will earn the interst from the The profit the machine brings to you.
Why it is important to dress appropriate at work
Answers
Answer:
so that way you don't stick out and people start wanting to hang out with you because you look cool
Explanation:
Answer:
1. you could get fired for that
2. make a good impression
3. depending on your job, to keep you safe from elements
4. to avoid weird/awkward interactions
In which situation would it be most appropriate to use money you have set aside in your emergency fund?
A. Your friend needs $100 for rent.
B. Your microwave stops working.
C. You forgot to pay your phone bill.
D. Your roommate needs $50 for a date.
Answers
The money that has been set aside for emergency situations can be ideally used for paying the phone bill at first.
Option C is the correct answer.
What is an emergency fund?An emergency fund is an amount that is kept by an individual out of their earned income which is further to be used in uncertain times.
An emergency fund has been created to meet the contingencies in life that can be in the form of repairs of any equipment, medical problems, loss of job, etc. This fund helps the individual in uncertain times when he/she is in need of funds.
Therefore, the phone bill should be paid first from the emergency fund then the rest of the expenses to be considered.
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Answer:
B. micro wave
Explanation:
The other guy is wrong
Less export more import is called
Answers
Answer:
A trade deficit occurs when a country's imports exceed its exports during a given time period. It is also referred to as a negative balance of trade (BOT).
Explain any 2 objectives of a multinational firm with regard to its compensation policies?
Answers
The 2 objectives of a multinational firm with regard to its compensation policies are:
to keep the expatriate whole through maintenance of home-country living standardensuring a financial inducement to make the package attractiveWhat is a compensation policies?This refers to the principle of action that is proposed by an organization in regard to its employee's salary, benefits, bonuses etc
Therefore, the objectives of these multi-national firm are to keep the expatriate whole through maintenance of home-country living standard and ensuring a financial inducement to make the package attractive.
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Which 3 of the following statements are true about the Reclassify transactions tool? It is only accessible in QuickBooks Online Accountant It allows you to recategorize transactions in batches It allows you to change the payment account (bank or credit card) for expenses It allows you to change the class and/or location of transactions
Answers
All the 3 statements about the Reclassify transactions tool are true .
What is the Reclassify transactions tool?Do you need to alter numerous transactions or transfer them to another account? You don't have to change them one at a time in QuickBooks Online Accountant or QuickBooks Online Advanced. Save time by applying the same adjustment to several transactions at once by using the reclassification tool.
It is only accessible in QuickBooks Online Accountant It allows you to recategorize transactions in batches It allows you to change the payment account (bank or credit card) for expenses It allows you to change the class and/or location of transactionsMake sure you are aware of the transactions you wish to reclassify first. You can discover this information in a few reports, such as a profit and loss statement. Use the reclassification tool to shift transactions to related accounts or alter their classes once you've located those transactions.
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Researchers are always interested in the relationships between or among variables. When two variables are
related, a desired policy outcome can be achieved. Table 1 illustrates one of such research outputs.
Table 1: Correlation analysis of X and Y
Pearson
Correlation
Sig. (2-tailed)
N
Y
1.00
450
Study the results carefully and explain them in terms of
presence of relationship [3 marks]
X
0.625***
0.000
450
Answers
Based on the correlational analysis of X and Y that is given, we can infer that there is a linear relationship between X and Y.
What does the correlation analysis show?The Pearson correlation coefficient shows if there is a linear relationship between given variables.
In the given table, the Pearson Correlation coefficient is not 0 for either variable which means that a linear relationship does in fact exist between the variables.
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Can financial markets help deploy renewables? Please explain in three sentences.
Answers
The global renewable energy market was valued at $881.7billion in 2020, and is projected to reach $1,977.6 billion by 2030, growing at a CAGR of 8.4% from 2021 to 2030
