Answer:
Sorry me not Know
Explanation:
Why does Dr.king call death life’s final “common denominator”?
As King stated, “Every now and then I guess we all think realistically about that day when we will be victimized with what is life's final common denominator — that something we call death.” My mother never wanted to talk about her life achievements or the end of life and would never agree to a long, ceremonious funeral.
Calculate the net operating cash flow for years 1 and 2 and determine the amount of receivables from clients that the firm would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model. 2. Prepare an income statement for each year according to the accrual accounting model.
Question Completion:
Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, Pete, and Roy.
Year 1 Year 2
Amounts billed to clients for services rendered $184,000 $234,000
Cash collected from clients 153,000 183,000
Cash disbursements:
Salaries paid to employees during the year 83,000 93,000
Utilities 26,500 33,000
Purchase of insurance policy 57,900 0
In addition, you learn that the company incurred Utility costs of $31,500 in year 1, that there were no liabilities at the end of year 2, no anticipated bad debts on receivables, and that the Insurance policy covers a three-year period.
Answer:
1. Net operating cash flow for
Year 1 Year 2
Cash collected from clients 153,000 183,000
Cash disbursements:
Salaries paid to employees during the year (83,000) (93,000)
Utilities (26,500) (33,000)
Purchase of insurance policy (57,900) 0
Net operating cash flow ($14,400) $57,000
1b. Amount of receivables from clients that the firm would show in its year 1 and year 2 balance sheets:
Year 1 = $31,000
Year 2 = $82,000
2. Income Statement for the years ended December 31, Year 1 and Year 2:
Year 1 Year 2
Service Revenue $184,000 $234,000
Expenses:
Salaries 83,000 93,000
Utilities 31,500 28,000
Insurance expense 19,300 19,300
Total expenses 133,800 140,300
Net income before tax $50,200 $93,700
Explanation:
Calculations:
Accounts Receivables:
Year 1
Bill to clients $184,000
Cash collected 153,000
Balance $31,000
Year 2
Balance $31,000
Bill to clients $234,000
Cash collected 183,000
Balance $82,000
Insurance Expenses for each year = $57,900/3 = $19,300
Utilities Incurred:
Year 1 = $31,500
Paid 26,500
Payable 5,000
Year 2
Paid 33,000
less Yr, 1 5,000
Incurred $28,000
If he thinks the chances of low, medium, and high compliance are 20%, 30%, and 50% respectively, and he uses the Expected Value criterion, how many new workers will he hire
Question Completion:
The local operations manager for the IRS must decide whether to hire 1, 2, or 3 temporary workers. He estimates that net revenues will vary with how well taxpayers comply with the new tax code.
Investment Compliance
Low Medium High
1 50 50 50
2 100 60 20
3 150 70 - 10
Chances of 20% 30% 50%
Answer:
He will hire 1 new worker.
Explanation:
a) Data and Calculations:
Investment Compliance
Low Medium High Expected Net Revenue
1 50 50 50 $50
2 100 60 20 $48
3 150 70 - 10 $46
Expected net revenue:
With 1 worker, expected values = 50*20% + 50*30% + 50*50% = 50
With 2 workers, expected values = 100*20% + 60*30% + 20*50% = 48
With 3 workers, expected values = 150*20% + 70*30% + -10*50% = 46
b) By hiring only 1 new worker, the expected net revenue is maximized at $50 instead of $48 and $46 with 2 and 3 workers respectively. The expected values are obtained by weighing the outcomes with the probabilities of the events occurring, and then totaling each option. The option that yields the greatest revenue is chosen.
Caribbean Reef Software has 8.4 percent coupon bonds on the market with 9 years to maturity. The bonds make semiannual payments and currently sell for 95.5 percent of par. What is the YTM
Answer:
9.14%
Explanation:
Calculation for YTM
First step is to use financial calculator to find the I which represent Interest rate
FV = 1,000
PMT= 1,000*8.4%/2= 42
N= 9years*2= 18
PV= -955
Hence,
I= 4.57%
Now let calculate YTM
YTM = 4.57%*2
YTM =9.14%
Therefore YTM will be 9.14%
Identify one way in which setting a goal can help a person budget
more effectively.
The terms are default, grace period, late payment fee, over the limit fee, and bad credit
Answer:
1. Bad credit
2. Over the limit fee
3. Late payment fee
Explanation:
1. Bad credit is a situation where a borrower fails to repay his bills on time. This can have an effect on his credit score, thus resulting in a bad credit score and the inability of lenders to lend money. This explains John's situation because he fails to pay on time.
2. Over the limit fee is charged when a person's balance exceeds his credit limit and this can result in a decline of transaction. Susan has apparently exceeded her limit and her transaction might be declined or the balance might be deducted when she pays the fee.
3. Late payment fee is charged when a person fails to complete his payment on the due date. Interest is being charged after the purchase which he pays at a later time because he failed to read the conditions of the credit card offer.
What area(s) of the general external business environment do you believe changed in order to provide an opportunity for a company like AirBnB to form. Is there a changing area of the general environment that you believe will be a threat to their business model in the future
Answer:
1. The areas of the general external business environment that changed in order to provide an opportunity for a company like AirBnB to form are:
Economic, Demographic, Social, and Technological areas.
2. There is a changing area of the general environment that will be a threat to the AirBnB business model in the future. This area is the competitive environment, gingered by economic, political and legal, socio-cultural and demographic, and technological changes.
Explanation:
According to available data, Airbnb’s business model operates as an online marketplace, which provides people the opportunity to rent out their available properties or spare rooms to guests through the firm, Airbnb. Airbnb receives some commissions from both hosts and guests. Like every business entity, Airbnb must, at one time or the other, capitalize on and face threats from its external environments, including Political and Legal, Economic, Socio-Cultural and Demographic, and Technological environments.
NEED HELP ASP!! Will give Brainly
Select the correct answer from each drop-down menu.
Choose the correct business product from the options provided.
Johanna is looking to set up a new drilling company. First, she would need
_such as offices and heavy machinery.
Since she is starting from scratch she will need other things as well. The company will require_
such as industrial glue
and oils to run the machinery smoothly. Since the venture Is new, she will need lots of help. The company will have to employ a legal
team and a marketing team as part of the_
that the company will require.
1st drop down: core items, capital items, component parts.
2nd drop down: process materials, supplies, raw materials.
3rd drop down: equipment for production, specialty products, business devices.
Answer:
Capital items; process materials; business devices.
Explanation:
Business strategy sets the overall direction for the business as it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.
The information technology (IT) strategy is an integral part of the business strategy because it presents the technological or technical framework and infrastructure required to achieve a successful business plan, objectives, mission and goals.
In this scenario, Johanna is looking to set up a new drilling company. First, she would need capital items such as offices and heavy machinery.
Since she is starting from scratch she will need other things as well. The company will require process materials such as industrial glue and oils to run the machinery smoothly. Since the venture is new, she will need lots of help. The company will have to employ a legal team and a marketing team as part of the business devices that the company will require.
A baseball player receives a base salary of $15 million per year, and a bonus of $100,000 for all home runs over 50. If the player hits 70 home runs this year, what will he be paid
Answer
22 mil
Explanation:
70 times 100k is 7 mil and if you add 7 mil to 15 you get 22
Larkspur, Inc. issues $273,000, 10-year, 8% bonds at 98. Prepare the journal entry to record the sale of these bonds on March 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Answer: PLease see answer in explanation column
Explanation:
Journal to record $273,000worth bonds issued at 98
Date Account title and explanation Debit Credit
March 1, 2022 Cash $267,540
Discount on Bonds Payable $5,460
Bonds Payable $273,000
Calculation
Cash = Value of bonds x issue price
= $273,000 x 98%= 267,540
Discount on Bonds Payable = Selling price of bonds - Bonds payable
= $273,000- $267,540
=$5,460
You see and read about different kinds of businesses every day. The following scenarios describe two businesses. Use the description of each business to classify it as a proprietorship, partnership, corporation, or limited liability partnership and/or limited liability company (LLP/LLC).
Business #1: Jin and his uncle started a software development company. Without his uncle’s knowledge, Jin illegally used another company’s code to meet the needs of a client. The resulting lawsuit closed the business and bankrupted both Jin and his uncle.
This is an example of:
A. An LLP/LLC
B. A proprietorship
C. A corporation
D. A partnership
Business #2: Alexander and Jin run a law firm in downtown Phoenix. The firm has debt of $100,000, but Alexander and Jin will not be held personally liable for the firm’s debts. The business organization is the type that requires Alexander and Jin to report all business-related income on their personal tax returns.
This is an example of:
A. A partnership
B. A corporation
C. An LLP/LLC
D. A proprietorship
Answer:
Business #1: Jin and his uncle started a software development company. Without his uncle’s knowledge, Jin illegally used another company’s code to meet the needs of a client. The resulting lawsuit closed the business and bankrupted both Jin and his uncle.
D. A partnershipOne of the main disadvantages of a partnership is that the owners are personally liable for all the obligations regarding to the business.
Business #2: Alexander and Jin run a law firm in downtown Phoenix. The firm has debt of $100,000, but Alexander and Jin will not be held personally liable for the firm’s debts. The business organization is the type that requires Alexander and Jin to report all business-related income on their personal tax returns.
C. An LLP/LLCA LLC is a hybrid between a partnership and a corporation. The firm is a pass through entity, meaning that the owners are taxed directly (no corporate tax). But it also provides limited liability, so the owners are not personally liable for the firm's obligations.
Three basic questions of economics are:
a. Why? How? What? b. What? How? For Whom?
c. What? Where? When? d. What? How? Where
The following balances are from the accounts of Crabtree Machining Company: January 1 (Beginning) December 31 (Ending) Direct materials inventory $ 115,200 $ 141,600 Work-in-process inventory 139,200 134,400 Finished goods inventory 117,120 108,000 Direct materials purchased during the year amount to $717,600, and the cost of goods sold for the year was $2,606,880. Required: Prepare a cost of goods sold statement.
Answer and Explanation:
The preparation of the cost of goods sold statement is presented below;
Crabtree Machining Company
Cost of goods sold statement
Beginning work in Process $139,200
Manufacturing Costs
Direct Material:
Beginning Direct Material inventory $115,200
Direct material purchases $717,600
Materials available $832,800
Less: Ending Direct Material inventory - $141,600
Direct Material used $691,200
Conversion costs ($2,592,960 -$691,200) $1,901,760 (Balancing figure)
Total Manufacturing costs ($2,732,160 - $139,200) $2,592,960
Total cost of Work in process ($2,597,760 + $134,400) $2,732,160
Less: ending inventory Work in Process $134,400
Cost of goods manufactured ($2,714,880 -,$117,120) $2,597,760.
Beginning finished goods inventory $117,120
Finished goods savailable for sale ($2,606,880 + $108,000) $2,714,880
Less: Ending finished goods inventory $108,000
Cost of goods sold $2,606,880
Kearney Inc. has a factory with the following characteristics: direct labor of $82056, direct materials of $52432 fixed overhead of $156141, variable overhead of $146362, 11453 units produced, and 408 shipments made. One of its products is LQ6. LQ6 used 162 hours of labor. The factory made 1272 units of LQ6 at a materials cost of $3.36 per unit. LQ6 also requires 56 shipments. All of the factory's labor costs $27 per hour. Kearney's cost allocation system uses two cost pools. Pool A includes all variable overhead and uses direct labor as the allocation base. Pool B includes all fixed overhead and uses direct materials as the allocation base. How much cost from Pool A is allocated to LQ6? (round to whole number of $)
Answer:
The amount of cost from Pool A that is allocated to LQ6 is $7,802.
Explanation:
Since Pool A includes all variable overhead and uses direct labor as the allocation base, we can obtain the following from the question:
Direct labor = $82,056
Variable overhead = $146,362
Number of labor hours used by LQ6 = 162
Factory's labor costs per hour = $27
Therefore, we have:
Factory's labor cost of LQ6 = Number of labor hours used by LQ6 * Factory's labor costs per hour = 162 * $27 = $4,374
Variable over allocated to LQ6 from Pool A = (Factory's labor cost of LQ6 / Direct labor) * Variable overhead = ($4,374 / $82,056) * $146,362 = $7,801.83518572682
Rounding to whole number of $ as required, we have:
Variable over allocated to LQ6 from Pool A = $7,802
Therefore, the amount of cost from Pool A that is allocated to LQ6 is $7,802.
a)The playing life of a Sunshine radio is normally distributed with mean = 600 hours
and standard deviation = 100 hours. What is the probability that a radio selected
at random will last from 600 to 700 hours?
b)Find the area under standard normal curve to the left of z = –1.00
c) Find the area to the left of z = 1.18
d) Find the area between z = 1.00 and z = 2.70.
The following data were collected during an experiment in which 10 laboratory animals were inoculated with a pathogen. The variables are Time after inoculation (X, in minutes) and Temperature (Y, in Celsius degrees).
X, Time Minutes)
Y, Temperature (0C)
24
28
32
36
40
44
48
52
56
60
38.8
39.5
40.3
40.7
41.0
41.1
41.4
41.6
41.8
41.9
i) Draw a Scatter Diagram to show the association, if any, between these two variables (correct scale is not very important);
ii. Can you draw any conclusion/observation without doing any calculation?
Iii. Calculate the Coefficient of Correlation.
iv. Form the regression line of Y on X by calculating the estimate Intercept and Slope;
v. If the model holds, what would be the temperature for an animal, chosen at random, after 30 minutes?
QUESTION FOUR:
In the fast food example from the start of this chapter, researchers want to test whether the average number of fast food meals eaten per week by modern families is larger than it was in the 1990s, when it was 3.5. Suppose that they know the population standard deviation is σ = 0.6, the sample size is 100, and the sample mean was x = 7.3
orge and Anita, married taxpayers, earn $146,500 in taxable income and $58,000 in interest from an investment in City of Heflin bonds. (Use the U.S. tax rate schedule for married filing jointly). Required: If Jorge and Anita earn an additional $109,000 of taxable income, what is their marginal tax rate on this income
Answer:
Currently (assuming a 2020 tax schedule), Jorge and Anita's tax liability = $9,235 + [22% x ($146,500 - $80,250)] = $23,810
municipal bonds are not taxed by the federal government, so they do not pay any taxes on the interests earned on the City of Heflin bonds.
if they earn an additional $109,000, then their tax liability will be:
$29,211 + [24% x ($255,500 - $171,050)] = $49,479
their marginal tax rate = 24%
Larry Gomez is a warehouse manager for a company that markets electric generators. In this small entrepreneurial firm, there are direct lines of communication and authority flowing from the company's CEO down to Gomez and through her to the workers in the warehouse. Gomez works in a _____ organization.
Answer:
Line.
Explanation:
A line organizational structure can be defined as a type of structure in which the level of authority ranks from the top to the bottom i.e from the top executives to the lowest level employees. A line organizational structure makes use of downward communication technique for the dissemination of informations.
A downward communication can be defined as the formal flow of information and messages within an organizational hierarchy; which is mainly from a higher level (senior management) of an organization to a lower level (middle management) and lastly, to the least (subordinates).
In this scenario, Larry Gomez is a warehouse manager for a company that markets electric generators. In this small entrepreneurial firm, there are direct lines of communication and authority flowing from the company's CEO down to Gomez and through her to the workers in the warehouse. Therefore, Gomez works in a line organization.
please help will give Brainlest
Which Creative Commons license would you rather use (if any) and why? Explain your answer.
Answer:
Creative Commons license would I rather use or not and why is explained below in complete details.
Explanation:
A Creative Commons (CC) license is one of the numerous unrestricted copyright permissions that facilitate the free circulation of an oppositely copyrighted "act". A CC license is used when an investor desires to provide other people the power to share, practice, and develop upon a product that they (the author) have produced.
Computer user support is another name for:
A.
Customer service
B.
Technical support
C.
Network support
D.
Information security
Answer:
B. Technical support
Explanation:
Hope you like it
The book gives a clear knowledge of marketing at both the strategic and conceptual level as well as the ____.
Answer:
The book gives a clear knowledge of marketing at both the strategic and conceptual level as well as the ____.
tactical, hands-on level
Explanation:
At the highest level of marketing management is the strategic level, which is more conceptual. Down the scale is the tactical marketing plan, which specifies the marketing tools and techniques which a company will use to meet its marketing goals. At this level, the tactical tools in use include advertising, sales promotions, and other activities that directly implement the strategic marketing plan. The tactical level reduces the business strategic goals to marketing objectives.
If a bank has a required reserve ratio of 20% and has required reserves of $300,000,000, how much does the bank hold in deposits
Answer:
$1,500,000,000
Explanation:
Calculation for how much does the bank hold in deposits
Using this formula
DEPOSIT=Required reserves/Reserve ratio
Let plug in the formula
DEPOSIT=$300,000,000/0.20
DEPOSIT=$1,500,000,000
Therefore how much does the bank hold in deposits is $1,500,000,000
The American Institute of Certified Public Accountants (AICPA) Group of answer choices sets rules of conduct that CPAs are required to meet. is responsible for issuing licenses to new CPAs. restricts its membership to CPAs who are independent auditors. sets auditing standards for both public and private companies.
Answer:
C. sets rules of conduct that CPAs are required to meet.
Explanation:
The function of AICPA would involved the setting of the standards, enforcement of the ethics, and the firm practice quality in order to monitoring the roles for the majority with regard for practicing CPAs
Therefore the option c is correct as it sets the rules for conduct that are needed to meet by CPAs
Hence, the other options are wrong
A 250g packet of iodized salt costs #15, A 20kg sack of saltncost #1040. calculate the savibg per kg by buying the 20kg sack of salt
Answer:
i didnt mean to answer but what does first question mean
Explanation:
Rank the five following levels of post secondary education based on the average yearly income .
Plot the following scenarios for per capita GDP on a ratio scale.
Assume that per capita GDP in the year 2015 is equal to $10,000. You should not need a calculator or computer program. Use the Rule of 70 to label the value of per capita GDP on the graph in the year listed below.
a. Per capita GDP grows at a constant rate of 5% per year between 2015 and 2085.
b. Per capita GDP grows at 2% per year between 2015 and 2085, speeds up to 7% per year for the next 20 years, and then slows down to 5% per year for the next 28 years.
c. Per capita GDP grows at 7% per year for 50 years and then slows down to 1% per year for the next 140 years.
Answer:
Answer is explained in the explanation section.
Explanation:
As given, we have to use the 70's rule, which states that, size of the variable will be doubled every 70/x years, if the the yearly growth rate of that variable is x%.
And we are given that,
The Per Capita GDP for year 2015 = $10,000
a) Graphs of the Per Capita GDP are attached in the attachment 1.
So, by using the rule of 70. we have
x = 5% growth rate.
between the years 2015 and 2085.
So, the size of the variable will be doubled every 70/x years, if the yearly growth rate is 5%.
So,
Years = 70/x
Years = 70/5
Years = 14.
It means, per capita GDP will be doubled every 14 years time period.
b) Graphs of the Per Capita GDP are attached in the attachment 2.
Growth rate = 2%
Between the years 2015 and 2085. then
Growth rate = 7%
For = After 2085 years for 20 years, then
Growth rate = 5%
For = next 28 years.
So,
Years = 70/x
Years = 70/2
Years = 35 years.
It means, per capita GDP will be doubled every 35 years time period.
Now, it speeds up to 7% per year for the next 20 years.
Year = 70/x
Years = 70/7
Years = 10 years
It means, it speeds up to 7% per year for the next 20 years. per capita GDP will be doubled every 10 years time period.
Now, if it slows down to 5% per year for the next 85 years then,
years = 70//x
years = 70/5
years = 14 years
It means, if it slows down to 5% per year for the next 85 years then, per capita GDP will be doubled every 14 years time period.
c) Graphs of the Per Capita GDP are attached in the attachment 3.
Growth rate = 7% per year
For = 50 years and then
Grow rate = 1%
For = next 140 years.
Years = 70/x
Years = 70/7
Years = 10 years
It means, Per capita GDP will be doubled after every 10 years for 50 years.
Now, if it slows down to 1% per year for the next 140 years then,
Years = 70/x
Years = 70/1
Years = 70 years
It means, for next 140 years per capita GDP will be double after every 70 years.
2. You have a loan outstanding. It requires making three annual payments of $1000 each at the end of the next three years. Your bank has offered to allow you to skip making the next two payments in lieu of making one large payment at the end of the loan’s term in three years. If the interest rate on the loan is 5%, what final payment will the bank re
Answer:
$1,157.63
Explanation:
We must determine the future value of your loan. I'm assuming that the bank charges compound interest.
future value = present value x (1 + interest rate)ⁿ
present value = $1,000interest rate = 5%n = time = 3 yearsfuture value = $1,000 x (1 + 5%)³ = $1,000 x 1.157625 = $1,157.625 ≈ $1,157.63
An important CMI Change manager competency includes personal responsibility, prioritization and time management, resilience, flexibility, and emotional intelligence. This competency is best described as:
Answer:
Self-management
Explanation:
Self-management is the capability for giving priority to the goals, decisions to be made and also finished the important actions.
Here in the question the competency of the change manager involves its own responsibility, pritorization, time management, etc
So this represent the self management
hence, the same is relevant
Cordell Inc. experienced the following events in Year 1, its first year of operation: Received $52,000 cash from the issue of common stock. Performed services on account for $80,000. Paid a $5,200 cash dividend to the stockholders. Collected $58,000 of the accounts receivable. Paid $52,000 cash for other operating expenses. Performed services for $16,000 cash. Recognized $2,200 of accrued utilities expense at the end of the year.
Answer:
Complete wordings "Identify the events that result in revenue or expense recognition and those which affect the statement of cash flows. In the Statement of Cash Flows column, use OA to designate operating activity. FA for financing activity, or IA for investing activity. If the element is not affected by the event, leave the cell blank."
Event Revenue Expense Statement of cash flow
1 $52,000 FA
2 $80,000 N/A
3 -$5,200 FA
4 $58,000 OA
5 -$52,000 -$52,000 OA
6 $16,000 $16,000 OA
7 -$2,200 N/A
The findings from a study of training and skill development among employees of a company can be generalized to the population of:
a.All employees of that company
b.All employees in the country
c.All graduate level employees
d.All citizens of the country
Which of the tax structures do you think is most fair? Why? (See p. 360–362 of Economics: Principles in Actions for review). Give at least two details to support your answer
Answer:
The most fair tax structure is progressive taxation.
Explanation:
Progressive taxation is the tax structure in which the higher the income of an individual, the higher the rates of taxation that person is subjected to.
This system is seen as the most fair by most individuals, including economists, because it is to be expected that people who make a lot of money pay a larger amount of taxes than people who make less.
For this reason, the majority of countries in the world use a progressive tax system.
