Haile Resort opened for business on June 1 with eight air conditioned units. Its trial
balance on August 31 is as follows.
Haile Resort
Trial Balance
August 31, 2022
Debit Credit
Cash Br. 39,200
Prepaid Insurance 9,000
Supplies 5,200
Land 40,000
Buildings 240,000
Equipment 32,000
Accounts Payable Br. 9,000
Unearned Rent Revenue 9,200
Mortgage Payable 100,000
Share Capital—Ordinary 200,000
Retained Earnings 0
Dividends 10,000
Rent Revenue 172,400
Salaries and Wages Expense 89,600
Utilities Expense 18,400
Maintenance and Repairs Expense 7,200
Br.490,600 Br.490,600
Other data:
1. The balance in prepaid insurance is a 1-year premium paid on June 1, 2022.
2. An inventory count on August 31 shows Br.1,300 of supplies on hand.
3. Annual depreciation rates are buildings (4%) and equipment (10%).
4. Unearned rent revenue of Br.7,600 should be recognized as revenue prior
to August 31.
5. Salaries and wages of Br.750 were unpaid at August 31.
6. Rentals of Br.1,600 were due from tenants at August 31.
7. The mortgage note is dated 1/1/2022. The mortgage interest rate is 8% per
year.
Instructions
b. Prepare an adjusted trial balance on August 31.

Treasury stock is : d. a corporation's own stock, which has been reacquired and held for future use.

Shares of Treasury Stock that the issuing firm purchases. It entails buying one's own shares. A company might buy his own shares for a variety of reasons, including: As it will buy at a set price and sell them for a higher price, it could be done for resale purposes. This is done to prevent the issuance of additional shares and the dilution of the current stockholders' ownership. The corporation will buy his shares to block hostile takeovers by denying the acquisition to prevent a decline in the share price while the stock is performing poorly. Taking shares out of circulation and increasing participation and dividends on the remaining shares is called retiring shares.

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Since a 2.5 percent increase in January 2021, the price increase for American exports over the past year has been the least at 5.0 percent.

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1. Accounts Payable- Would NOT appear on the income statement and 2. Accounts Receivable-Would NOT show up on the profits statement.

3. Andrew King, Capital-Would NOT show up on the income statement.

4. Cash-Would NOT show up on the earnings statement.

5. Fees Earned-Would show up on the earnings statement.

6. Land-Would NOT appear on the earnings statement.

7. Rent Expense-Would show up on the profits statement.

8. Supplies-Would NOT show up on the profits statement.

9. Wages Expense-Would appear on the profits statement.

10. Wages Payable- Would NOT show up on the income statement.

An income announcement suggests a company's revenues, charges and profitability over a period of time. It is also occasionally known as a profit-and-loss (P&L) statement or an revenue statement. It shows your: income from promoting merchandise or services. fees to generate the income and manipulate your business. '

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Quantities requested and supplied will change when the government eliminates a legally binding price floor.

A binding price floor elevates a good's price over the equilibrium price, as we've previously observed. As a result, there will be less demand and more supply. A excess of items will be available on the market since supply will exceed demand.

When the price floor is placed above the market equilibrium price, a binding price floor results. When a price floor is set at this level, there is a surplus since more goods are supplied at that price than are requested.

When a price ceiling is established below the market equilibrium price, a binding price ceiling results. Because there is a scarcity at the price limit, a legally imposed price cap will cause one.

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Pierre is very practical when it comes to shopping for a​ car, realizing that the car will only last a limited amount of time. He​ doesn't care what it looks like so long as it gets him where he needs to go.​ Basically, he sees a car as nothing more than​ a box of miles.

What is credit with an open end?

With open-end credit, you are given a line of credit with a set limit that you can use as needed while only paying interest on the amount you actually borrow.

                                      Lines of credit and credit cards are typical instances of open-end credit. You may draw from the credit line repeatedly as you pay back the money you've borrowed.

What purposes does closed-end credit serve?

Borrowers can purchase pricey products with closed-end credit agreements and make payments for them later.

                                   To finance a home, a car, a boat, furniture, or appliances, closed-end credit agreements may be employed. Closed-end credit does not rotate or give available credit, in contrast to open-end credit.

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Managerial undertakings are fine, however, whatever includes exercises ordinarily performed by a licensee, (for example, meeting with the general population to show land) would require a permit.

In a restrictive organization posting, the merchant holds the option to sell the property, with no commitment to the representative. With restrictive right-to-sell postings, the representative gets a commission paying little heed to who sells the property.

Inland, an assigned organization alludes to a particular specialist who's assigned by their financier to address a party in the exchange. Typically, one specialist from that financier will as of now be addressing the purchaser or merchant.

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The firm has a current ratio of 2.7.

A ratio of 1.4 exists between acid and test.

The liquidity of the company is measured by the current ratio and acid-test ratio. It shows if the entity can fulfill its present obligations.

Particulars                                                 Amount

Cash                                                    $15,000

Short-Term Investments                     $5,000

Accounts Receivables (Current)             $8,000

Inventory                                           $20,000

Prepaid (Current) Assets                     $6,000

Current Liabilities                                   $20,000

To calculate the entity's total current assets, we must first compute its current ratio. The computation looks like this:

Cash                                              $15,000

Short-Term Investments                 $5,000

Accounts Receivable                      $8,000

Inventory                                        $20,000

Prepaid Assets                                $6,000

Total Current Assets                     $54,000

​The firm has $54,000 worth of current assets in total.

The following formula is used to calculate the current ratio based on the number of current assets:

Current Ratio = (Current Liabilities / Current Assets)

CR = 54000 / 20000

Current Ratio = 2.7

The entity's current ratio is equal to 2.7.

As we previously discussed, the acid-test ratio solely takes into consideration the entity's short-term assets. The computation looks like this:

Acid-test Ratio = (Cash + Short-Term Investments + Current Receivables) / Current Liabilities

ATR = (15000 + 5000 + 8000) / 20000 = 28000 / 20000

Acid-test Ratio = 1.4

The Acid-Test Ratio is equivalent to 1.4.

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Satisficing, as everyone was satisfied with the given choice of accessory.

Accessories are something used to enhance one's outfit in a secondary way. Accessories are often chosen to complement the outfit and enhance the look of the wearer. They can help a person express their uniqueness and individuality more fully.

Accessories are available in a variety of styles, colors and sizes. The 20th century saw the emergence of the phrase. The two main types of fashion accessories are wearables and wearables. Purses and purses, fans, parasols and umbrellas, purses, sticks and ceremonial swords are examples of traditional accessories.

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Based on the information presented here, the opportunity cost of seeing the foo fighters is $154 - $54= $97.

The Foo Fighters are an American rock band based in Seattle that formed in 1994. Former Nirvana drummer Dave Grohl formed the Foo Fighters as a one-man effort. Following the success of his self-titled debut album in 1995, Grohl assembled a band that included Nate Mendel, William Goldsmith and Pat Smear.

After a series of lineup changes, including the release of Goldsmith and Smear, the band's main line-up of Grohl, Mendel, Chris Shiflett and Taylor Hawkins was formed in 1999. Grohl hired Mendel and Goldsmith, both members of Sunny Day Real Estate, and Smear, who had previously toured with Nirvana, prior to the release of Foo Fighters' debut album.

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The benefits of getting the car maintained describes an incentive that does not affect one's decision whether to obey the speed limit

An employee is inspired to perform more of whatever the business encouraged through the incentive they were provided when they receive a good or valuable item, a desired action, or an occasion known as an incentive. the various incentives that companies could use at work. These four divisions make sense to me, even though I'm sure that others might describe these motives differently. A business's use of incentives to encourage employees to perform better might be seen as a strategy. Employees achieve organisational goals by becoming motivated by incentives.

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We can assume that the lake will get polluted because of a prisoner's dilemma in this scenario.

Game theory has been used to study the prisoner's dilemma as a game[citation needed].

It is a thought experiment that puts two totally rational individuals in a predicament where they must decide whether to collaborate for the shared benefit or turn on their partner (defect) for personal gain.

When Merrill Flood and Melvin Dresher were working at RAND in 1950, they first presented this conundrum.

Later, Albert W. Tucker formalized the game by setting up the prizes in terms of prison terms and gave it the moniker "prisoner's dilemma."

The game was described by William Poundstone in his 1993 book Prisoner's Dilemma:

In the given situation when the picnic, beach, and restroom areas are clean, everyone enjoys the park more, but nobody likes to pick up after themselves. Due to a prisoner's predicament in this situation, we can anticipate that the lake will be polluted.

Therefore, we can assume that the lake will get polluted because of a prisoner's dilemma in this scenario.

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Correct question:

There is a lovely public lake where people enjoy taking their boats and families for recreation. Everybody enjoys the park more when the picnic, beach, and toilet areas are clean but nobody enjoys cleaning up after themselves. In this scenario, we can expect the lake to be ________, due to a ________.

Other things equal, this economy will achieve the most rapid rate of growth if it chooses point A.

Option D is correct.

As the population increases, more people will need food, water, housing, energy, healthcare, transportation, and other necessities. Furthermore, excessive consumption worsens conflicts, the environment, and the likelihood of major catastrophes like pandemics.

An economy is a network of connected production and consumption activities that ultimately decide how resources are distributed within a community. The overall production and consumption of goods and services meets the needs of its people and businesses.

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Refer to the above diagram. Other things equal, this economy will achieve the most rapid rate of growth if:

A. the ratio of capital to consumer goods is minimized.

B. it chooses point C.

C. it chooses point B.

D. it chooses point A.

Income measure that accounts for all equity changes over the course of a time period aside from those brought on by owner investments and owner dividends.

From the beginning balance through the end balance of the reporting period, the owner's equity statement shows changes in the company's equity. Among the modifications are earned profits, dividends, equity inflows, equity outflows, net losses, and other alterations.

According to corporate financial reporting in the United States, comprehensive income (or comprehensive earnings) "includes all changes in equity over a period, with the exception of those resulting from investments by owners & distributions to owners."

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When entering transactions into the general journal, the entry would be dated; therefore the accounts (debit/credit) are listed first.

Define debit and credit?

A debit to an account means a value transfer to this account and a credit means account transfer. The terms direct debit (DR) and credit (CR) have Latin roots: debit comes from the word debitum, meaning "what is owed," and credit is from creditum, meaning "something entrusted or loaned to someone".23. An increase in liabilities or equity is a credit to the account, marked “CR”. an item that records a decrease in assets or an increase in liabilities and a decrease in expenses or an increase in income (as opposed to an expense, which has the opposite effect).

Therefore, a credit increases net income on the company's income statement, while a debit decreases net income.

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Product features including delivery, installation, financing, repairs, warranties, and guarantees are all FALSE.

The trait or characteristics that set your product or service apart for your target market are known as product differentiation. It helps you set yourself apart from your competition and boosts brand loyalty, sales, and growth.

Within a multiproduct company, a product manager is in charge of one product, a product line, or a number of different products that work together to form an interlinked group.

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The National Geospatial-Intelligence Agency (NGA)

The NGA's core functions include:

The NGA's primary mission is to provide geospatial intelligence to support national security objectives, including the planning and conduct of military operations, the protection of U.S. national interests, and the support of international peacekeeping and humanitarian operations.

The NGA also provides geospatial intelligence to other U.S. government agencies, as well as to state and local governments, and private sector organizations. It's headquartered in Springfield, Virginia.

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To determine retained earnings at end of the period, company adds net income and deducts the dividends.

Retained Earnings (RE) are the total amount of profits retained by a firm for internal reinvestment as opposed to being distributed as dividends to shareholders. Retained earnings are recorded at the end of each accounting period in the shareholder's equity section of the balance sheet. Dividend payments are deducted from net income (or deducted from net loss) and net income after the beginning RE balance is added (or subtracted from net income) in order to calculate RE. A statement of retained earnings, which summarizes the changes in RE for a specific time period, is additionally maintained. Retained earnings act as a crucial link between the income statement and the balance sheet since they are a part of shareholders' equity, which connects the two financial statements.

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The supported commander's OPORD assigns formal responsibility for preparation to all parties involved and provides a detailed OPLAN to Service components, supporting commands, and agencies.

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The administrator, in regards to the registration of securities may follow all of the above options. The first federal law to govern the stock market was the Securities Act of 1933.

After the 1929 stock market disaster, the Securities Act of 1933 was developed and enacted into law as a means of protecting investors. The legislation's two main objectives were to create regulations against deception and fraud in the financial markets as well as increase financial statement clarity so that investors could make educated investment decisions. A brochure and registration statement, which are required for registration, guarantee that businesses give the SEC and prospective investors all pertinent information. The 1933 Act, also referred as the "Truth in Securities" statute, the Federal Securities Act, and other names, mandates that securities offered for public sale provide investors with financial information. As a result, businesses must provide information that investors may easily access before becoming public.

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Any goodwill associated with the acquisition is reported as a development cost is true. Thus, option A is correct.

The amount of goodwill is the sum paid above the value of net identifiable assets, which is the value of all assets less all liabilities. Since goodwill is not a "Identifiable Asset" and is only reported on the balance sheet when acquired, it is not included in the acquired company's balance sheet.

Any excess of consideration transferred over the fair value of the net assets acquired is correctly allocated to goodwill. The net assets of the acquired company are revalued to their fair values.

This is also how goodwill is determined. The fair value of the company that is about to be acquired's net identifiable net asset is subtracted from the purchase price to determine goodwill.

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We should initially comprehend how the recession affects us. recession alludes to a time of transitory monetary log jam during which exchange and modern action are diminished, typically recognized by a fall in Gross domestic product for two progressive quarters.

Presently, to battle the recession on the lookout, the Fed can make quite a few strides. Save prerequisite alludes to how much money banks need to keep in their vaults to have the option to meet their liabilities in the event of abrupt withdrawals.

Assuming the Fed chooses to purchase securities on the lookout, that would mean more cash in the possession of the overall population to spend, contribute, and run businesses. This will prompt an expansion in monetary action and accordingly assist the saving money with battling the downturn.

Hence, To battle the downturn, the Fed will go with purchasing the securities in the open market.

Hence, Choice B is the right response.

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Out of the provided situations, it may be ascertained that Mariam, who has taken a loan to open a new cafeteria, is most likely to be an entrepreneur. Therefore, the option D holds true.

An entrepreneur can be appropriately identified as a person who undertakes a business enterprise associated to a number of risks, wherein he or she may also be closely in connection to be the owner of the business. Furthermore, an entrepreneur is a leader in the sense of his or her characteristics, and is most likely not involved in a job or employment.

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Compound interest is when you earn interest on both the money you've saved and the interest you earn.

After a year, you would receive $10 in interest if you deposited $1,000 into an account with a 1% annual interest rate. Compound interest allowed you to earn 1 percent on $1,010 in Year Two, which amounted to $10.10 in interest payments for the year.

Consumers wishing to increase their savings might use compound interest to their advantage. Making wiser choices about where to invest your money can be aided by understanding how it functions and how frequently your bank accumulates interest.

Compound interest is, to put it simply, interest that is earned on interest. Compound interest is interest that is earned on both the initial principal and interest that builds up over time in a savings account.

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The completion of the table showing the amounts that Eric will repay in full (future value) if he borrows for three different periods (months) with compounding interest is as follows:

Period       Amount

(months)   (Dollars)

35           $57,839

45           $60,297

50           $61,565.

The future value is the compounded present value of the borrowed credit.

Compounding adds interest in computing subsequent interest.

The future values for the various periods can be determined using an online finance calculator as follows:

N (# of periods) = 35 months

I/Y (Interest per year) = 5%

PV (Present Value) = $50,000

PMT (Periodic Payment) = $0

Results:

Future Value (FV) = $57,839

Total Interest = $7,839

N (# of periods) = 45 months

I/Y (Interest per year) = 5%

PV (Present Value) = $50,000

PMT (Periodic Payment) = $0

Results:

Future Value (FV) = $60,297

Total Interest = $10,297

N (# of periods) = 45 months

I/Y (Interest per year) = 5%

PV (Present Value) = $50,000

PMT (Periodic Payment) = $0

Results:

Future Value (FV) = $61,565

Total Interest = $11,565

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Businesses have a duty to do more than make a profit. This best supports the discussion of social responsibility in business.

Businesses are increasingly turning to social responsibility, whether they are championing women's rights, protecting the environment, or seeking to eradicate poverty at the local, national or global level. From a visual perspective, socially responsible companies project a more attractive image for both consumers and shareholders, positively impacting their bottom line.

Being a socially responsible company can enhance your company's image and build your brand. Social responsibility programs boost employee morale, lead to increased productivity, and impact company profitability.

Socially responsible companies have an opportunity to differentiate themselves from their competitors as they foster excellent and positive brand awareness.

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the Consolidated Omnibus Budget Reconciliation Act (COBRA) requires employers to extend health insurance benefits to former employees for up to 18 months.

Under certain conditions, including voluntary or involuntary job loss, a reduction in hours worked, a change in employment, death, divorce, and other life events, the Consolidated Omnibus Budget Reconciliation Act (COBRA) allows employees and their families who lose their health benefits to choose to continue receiving group health benefits from their group health plan for a finite amount of time. The full price for coverage up to 102% of the plan's cost may be demanded of qualified persons.

Group health plans sponsored by employers with 20 or more employees in the previous year are generally required by COBRA to provide employees and their families with the option of a temporary extension of health coverage (referred to as continuation coverage) in some circumstances where coverage under the plan would otherwise end.

Employees and family members might choose to continue their coverage in accordance with COBRA. Additionally, employers and plans must give notification.

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Probability of demand under market conditions (in thousands of units) A horrific 5�d... market conditions were just as likely, average demand would be 35,000 units.

What is the mean and standard deviation?

The standard deviation is calculated as the square root of the variance by determining how much each data point differs from the mean. When the data points are farther from the mean, the deviation is larger. The mean of the sample mean ˉX that we just calculated is exactly the population mean. The standard deviation of the sample mean ˉX that we just calculated is the population standard deviation divided by the square root of the sample size:

√10=√20/√2

The mean can only be calculated for discrete numeric variables or continuous values. It is simply obtained by dividing the sum of all values ​​in the data set by the number of values.

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True. Under the Interstate Land Sales Full Disclosure Act (ILSFDA), a purchaser of subdivided lands who receives the property report before signing a contract for purchase has the right to cancel the contract.

The Interstate Land Sales Full Disclosure Act (ILSFDA) is a federal law that regulates the sale of subdivided land in interstate commerce.

The law requires developers to provide buyers with a property report containing detailed information about the land and the development, as well as a notice of the buyer's right to cancel the contract.

This means that if a purchaser of subdivided lands receives the property report before signing a contract for purchase, they have the right to cancel the contract. The ILSFDA aims to protect buyers from fraud and misrepresentation in the sale of subdivided land.

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Willard participated in activity j for 500 hours of the following situations describes a material participant.

A person's intention serves as the driving force behind each action they take as an agent. Determining how actions vary from other types of behavior, such as automatic responses, is the first task in the philosophy of action.

There is widespread agreement that this question's resolution depends on the agent's motivations. Driving a car is therefore an action since the agent wishes to do so, whereas sneezing is only a behavior because it occurs without the agent's knowledge or consent. According to this perspective, a thing's causal history is what sets it apart from other events.

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