The annual allowable depreciation, assuming a 27.5 economic lifespan 100,000
A territory with an economy is one where goods and services are produced, sold, traded, and used. It is generally accepted that it is a social domain that emphasizes the actions, conversations, and outward expressions related to the production, use, and management of finite resources. [1] The processes of an economy are greatly influenced by factors such as a person's culture, values, education, technical development, history, social organization, political structure, legal system, and availability of natural resources. In addition to providing context and content, these factors establish the rules and conditions under which an economy runs. To put it another way, the economic sphere is a social domain made up of interrelated human actions and trades that are mutually exclusive.Economic actors might be individuals, businesses, organizations, or governments. There is economic activity.
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if a firm successfully builds brand loyalty for its products, what happens to the elasticity of the product?
Marketing and brand recognition are important factors in demand's price elasticity. Customers that have a strong brand loyalty may choose for the more expensive alternative when evaluating similar products at different price points.
What effect does demand have on brand loyalty?Customers with high brand loyalty increase their brand and product purchases when brand advertising for a class of frequently purchased products rises. Little consumers switch from competing brands to the advertised brand. Low degrees of loyalty have minimal effect.
What effect does product marketing have on brand loyalty?Customers not only continue to use the same brand, engage with it, and make purchases from it, but they also associate it with good things. Brand loyalty is mostly determined by how your brand is seen by customers, as well as by how it behaves and upholds certain ideals.
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(g) assuming all impacts were explained directly through the multipliers, and based on the information from part (b), what would be the change in gdp that would result from the government decreasing spending by $18 billion at the same time that it decreases corporate taxes by $20 billion? download
According to the problem statement the change in GDP = -3 billion.
What is GDP?Gross Domestic Product (GDP) is an economic measure of a country’s total economic output. It is calculated by summing the value of all goods and services produced in a given period of time, usually one year. GDP is used to measure the size of an economy and is a key indicator of the health of an economy.
Change in GDP = (Decrease in Government Spending x Multiplier for Government Spending) + (Decrease in Corporate Taxes x Multiplier for Corporate Taxes)
In this case, the multiplier for government spending is -1.5 and the multiplier for corporate taxes is 1.5. The equation would then be as follows:
Change in GDP = (-18 billion x -1.5) + (-20 billion x 1.5)
Change in GDP = 27 billion - 30 billion
Change in GDP = -3 billion.
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shirts are the flow unit in a process with two sequential resources. the capacities of the resources are 15 and 0.8 shirts per second. demand occurs at the rate 0.96 shirts per second. instruction: round your answer to one decimal place. what is the utilization (%) of the second resource?
55.1% is the utilization (%) of the second resource .
What is utilization ?
Utilization is the percentage of an employee's available time that is spent on productive, billable work. Employers need to closely monitor a worker's utilization rate as a key performance indicator.
What is the use formula?
According to the following equation, the utilization rate is calculated: Billable Utilization% = (Number of Billable Hours / Number of Available Hours) X 100%. One of the most significant Key Performance Indicators (KPIs), it is tracked by practically all professional services companies. Typically, it is stated as a percentage.
Your credit utilization rate, for instance, would be 50% if you had a load of $5,000 on one credit card and had a combined credit limit of $10,000 on both.
process flow rate = min (demand,capacity) [ process capacity = bottleneck resource 1 capacity = 0.38 per second)
=min(0.54,0.38) = 0.38 per second
utilization of second resource = (process flow rate/seconnd resource capacity)*100 = (0.38/0.69)*100 = 55.07246377%
= 55.1% (rounded to 1 decimal place)
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what is a real estate investment trust (reit)? a company that owns, and usually operates, income-producing real estate an entity used to pool mortgage loans and issue mortgage-backed securities an organization that manages income-producing real estate properties an organization with many investors who jointly participate in a real estate investment
REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors.
What Is an Investment?
An asset or object purchased with the intention of generating income or appreciation is referred to as an investment. The term "appreciation" describes a rise in an asset's worth over time. When a person buys a product as an investment, they don't intend to utilize it right away; instead, they plan to use it to make money later on.
An investment is usually the use of a resource today—time, effort, money, or an asset—in the anticipation of receiving a larger return than what was first invested. A financial asset, for instance, might be bought by an investor now with the hope that it would provide income later on or be sold for more money.
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back at the office you sit down and begin to outline deductive's organizational culture characteristics. which characteristics of organizational culture most and least valued by deductive?
Back at the office you sit down and begin to outline deductive's organizational culture characteristics people orientation characteristics of organizational culture most and least valued by deductive.
What is individuals direction in Hierarchical culture?
The meaning of a "group situated organization" is one that thinks often about their representatives and is put resources into their prosperity. The individual is regarded, esteemed and enabled. Zeroing in on individuals appears to be legit.
What is a group situated work style?
A group situated pioneer centers around making generally accomplishment by building enduring associations with workers. This kind of pioneer thinks often about errands and timetables, yet he/she accepts that work culture is more significant.
What is the effect of individuals direction?
As a rule, staff individuals feel they are significant and esteemed as individuals situated styles take a stab at, they become more participated in everyday errands and the drawn out vision of the organization. Representatives whose voices are heard feel esteemed, appreciate coming to work and eventually improve.
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Market power and externalities are two possible causes of market failure.a. Trueb. False
Market power and externalities are two possible causes of market failure.
correct option is - a. True
Externalities and market power are two potential reasons why markets fail. Being efficient calls for an equitable distribution of the commodities and services generated among all participants in the economy. Economists must employ properly designed laboratory experiments since they are unable to utilise historical natural experiments. Lack of knowledge, market regulation, public goods, and downsides can all contribute to market failure. Government intervention, including such new laws, taxes, tariffs, subsidy, and trade restrictions, can be used to fix market failures. Negative externalities, inadequate information, consolidated market dominance, bottlenecks in manufacturing and distribution, and inequality are the root causes of market failures.
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a client sells $28,000 of various stocks and wishes to use the proceeds to buy a mutual fund that has breakpoints at $5,000 intervals. what must the registered representative do?
The answer is Explain to the client that investing an additional $2,000 will provide the benefit of a breakpoint.
What is a Breakpoint?The sum of money required to buy shares in a load mutual fund that entitles the investor to a lower sales charge is known as the breakpoint. Breakpoints give investors a discount in exchange for making bigger bets. Either a lump sum payment or spaced instalments over a predetermined time period may be used to fund the purchase. A letter of intent must be used to support the latter type of investment acquisition in a fund (LOI).
What Is a Breakpoint Sale?A breakpoint sale is when a mutual fund is sold for a certain sum to enable the fundholder to switch into a lower sales fee tier.
Based on investment breakpoint levels selected by the fund company, breakpoint sales offer fee reductions to investors.Because of accumulation advantages, an investor's sales fee from a breakpoint schedule can be calculated depending on their whole fund investment.Breakpoint discounts frequently start at $25,000 and go up in increments until they reach a maximum amount.It is against the law to credit consumers for breakpoint discounts or to make breakpoint transactions that are slightly below levels that would qualify.To know more about What is a Breakpoint and Breakpoint sale refer to:
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Find the marginal cost function. Then, use this function to estimate how fast the cost is going up if the company produces 100 sets of headphones.?
The marginal cost function is the derivative of the total cost function. The marginal cost of producing 100 sets of headphones is the rate at which the cost changes as the number of sets produced increases by 1.
The marginal cost function is used to determine the additional cost of producing one more unit of a good or service. In this case, it would show the additional cost of producing the 101st set of headphones. By taking the derivative of the total cost function, we can find the marginal cost function.
Using the marginal cost function, we can estimate how fast the cost is going up as the company produces more sets of headphones. For example, if the marginal cost function is increasing at a constant rate, we can expect the cost to increase at a similar rate as the company produces more sets of headphones.
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table 2 summarizes john's total benefit from consumption of pizza per month (measured in dollars). if each pizza costs $16, how much should john consume? what is the value of his economic surplus from this level of consumption?
John receives a total monthly benefit of $16 from his consumption of pizza; this amount represents his economic surplus.
Where is economic surplus?The increase in John's Total Benefit as a result of ingesting an additional pizza is referred to as his Marginal Benefit. The value of his economic surplus from this level of consumption is $16. Marginal Benefit is simply equal to the current Total Benefit less the Total Benefit for each level of consumption.
Economic surplus, often known as "total welfare," refers to the relative profits that a consumer or producer makes as part of an economic activity. The terms "total surplus" and "community surplus" may also be used to describe it. The point where the supply and demand curves intersect is used to show the overall economic surplus on a graph. The x-axis shows quantity, and the y-axis shows price.
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why might you want to file your tax return on time?
The Reason behind why you want to file your tax return on time is Avoid added interest and penalties. Avoid losing future refunds. Part or all of any refund is first used to pay any back taxes owed.
How to Avoid added interest and penalties?Pay-as-you-earn tax, also known as advance tax, is tax that is paid forward, in instalments, on specific dates that are established by the Income Tax Department. It's crucial to be aware of these deadlines and pay your advance tax on time. If a business or individual's total tax burden exceeds Rs. 10,000 in a fiscal year, whether they are salaried or self-employed, they are rquired to pay advance tax.
Only senior citizens (60 years of age and older) without a business or profession are exempt from this rule. Payments can be made late or not at all as a result of not understanding who is qualified for advance tax payments or when they are due which carries severe fines and interest. Recognize the value of paying advance tax and the deadlines for doing so to avoid this.
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Select the correct answer from each drop-down menu. sales ($ million) convertible suv sedan mini truck marginal total allison 45 28 19 36 128 b
0.021 is the relative frequency of the revenue earned by B&B Motors from sales of mini trucks compared to the total sales revenue earned by all four companies
What is relative frequency?In the set of all outcomes, a relative frequency is the ratio (fraction or proportion) of the number of times a value of the data happens to the total number of outcomes. Divide each frequency by the sample's overall enrollment of 20 students to obtain the relative frequencies. Divide the frequency by all the data values to get the relative frequency. Add each of the earlier relative frequencies to the current row's relative frequency to obtain the cumulative relative frequency.Given Table:
Sales ($ million)
Company Convertibles SUVs Sedans Mini Trucks Marginal Totals
Allison 45 28 19 36 128
B&B Motors 65 22 15 9 111
Pluto Cars 18 25 27 10 80
Panther Motors 40 26 34 12 112
Marginal Totals 168 101 95 67 431
The aforementioned table shows that the combined sales income for all four businesses was $431 million.
Sales of micro trucks generated $9 million in income for B&B Motors.
As a result, the ratio of B&B Motors' revenue from the sale of micro trucks to the sum of all four firms' sales revenue will be as follows:
Revenue earned by BB Motors from sales of mini trucks
[tex]& =\frac{\$ 9 \text { million }}{\$ 431 \text { million }} \\[/tex]
[tex]& =\frac{9}{431}=0.0208816705336 \approx 0.021[/tex]
The complete question is,
What is the relative frequency of the revenue earned by B&B Motors from sales of mini trucks compared to the total sales revenue earned by all four companies?
Sales ($ million)
CompanyConvertiblesSUVs SedansMini TrucksMarginal Totals
Allison 45 28 19 36 128
B&B Motors 65 22 15 9 111
Pluto Cars 18 25 27 10 80
Panther Motors40 26 34 12 112
Marginal Totals168 101 95 67 431
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what problem of overlapping governmental jurisdictions is inherent in all multinational corporations?
The Extraterritoriality problem of overlapping governmental jurisdictions is inherent in all multinational corporations.
The multinational corporations or transnational corporations in which any corporation or business which is to registered and that operates or performs in more than one country at the same time.
The multinational corporations is also known as MNCs, there companies headquartered is in more than one country.
The Extraterritoriality is the problem which occurs in the state extends its legal power beyond its territorial boundaries. It is the competence of a country' state that apply its laws to the other foreign entities in relation to their products.
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Cost is a measure of the Select one a. seler's wilingness to sell. Ob. seller's producer surplus cproducer shortage O d. seller's willingness to buy On a graph, the area below a demand curve and above the price measures Select one a producer surplus b.consumer surplus c. deadweight loss. d. willingness to pay. Produoer surplus is the area Select one a. under the supply curve. Ob, between the supply and demand curves. a.below the price and above the supply curve d, under the demand curve and above the price. Produoer surplus measures the Select one a benefits to sellers of participeting in a market. b. costs to sellers of participating in a market c price that buyers are willing to pay for sellers output of a good or d. benefit to sellers of producing a greater quantity of a good or service than buyers demand
Cost is a measure of the A seller's willingness to sell is measured by cost. It measures the seller's opportunity cost
Option A is correct .
It measures the seller's opportunity cost, or the value they give up in order to sell their products. It includes things like the cost of raw materials, the amount of time spent on production, and so on.
2. Consumer surplus is the difference between what consumers are willing to pay for a good or service and what they actually pay.
Option B is correct.
The consumer surplus is represented on a graph by the area above and below the price and below the demand curve.
3. Producer surplus is the difference between the amount they were willing to sell and the amount they received from consumers.
Option C is correct .
The area above the supply curve and below the price is the producer surplus.
4. The benefits that sellers receive from participating in a market are measured by producer surplus.
Option A is correct .
It measures how much money a producer makes by selling goods at a higher price than he was willing to sell them for.
What does cost represent?cost is the monetary value that producers and consumers pay for goods and services. Cost, in the most fundamental sense of economics, is the value of the other options that are lost when a product or service is chosen over others. The most common name for this fundamental cost is opportunity cost.
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When a company produces and sells multiple products
When a company produces and sells multiple products each product most likely has a contribution margin. which shows the additional revenue incurred from it.
A contribution margin shows the additional revenue received from each additional product made from the company after it's breakeven point.
C=PV is the formula to calculate contribution margin. After you have the raw data, calculating the contribution margin per product is an easy step. Subtract your variable costs per unit from the sales price per unit to arrive at the margin.
While you go forward with the contribution margin only for the WACM calculation, you also can use the information already gathered to determine the contribution margin ratio per product line.
Divide the contribution margin by the sales price when a corporation manufactures and sells many products; each product most likely has a contribution margin. Your margin of contribution is this proportion.
Generating, involving, or providing several goods It's a necessary step when transitioning from a single-product company, which is primarily what Apple has been, to a multiproduct company.
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When a company produces and sells multiple products___________.
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an excise tax placed on cereal is more likely or less likely to be passed on to consumers than an excise tax on wireless phone and data services? why or why not?
An excise tax placed on cereal is more likely to be passed on to consumers than an excise tax on wireless phone and data services.
The main reason for this is that cereal is a staple good, meaning it is a necessary item for many people and there is a relatively inelastic demand for it.
This means that consumers are less likely to change their consumption habits in response to a price increase, and thus the producer can pass on the cost of the tax to the consumer.
On the other hand, wireless phone and data services are considered luxury goods, meaning that there is a relatively elastic demand for them. This means that consumers are more likely to change their consumption habits in response to a price increase, and thus the producer is less likely to pass on the cost of the tax to the consumer.
Additionally, there may be a lot of competition in the market for wireless phone and data services, further decreasing the ability of a producer to pass on the cost to the consumer.
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what are the three main purposes of a labor union?
Gain a just reward for your labor by engaging in collective bargaining. Negotiate for favorable perks and a secure retirement. Ensure that workplaces are respectable and safe.
What are a labor union's three major goals?Organized labor organizations campaigned for greater pay, more flexible hours, as well as safer working conditions for individuals in the industrial sector.A group of two or more people who band together to pursue shared goals—such as pay, benefits, scheduling, as well as other employment terms referred to as a labor union.Historically, unions have been active in politics for 3 motives: to advance justice and equitable economic opportunities for everyone; to defend the achievements made through bargaining; and to win acknowledgment of the right of employees to establish unions and engage in collective bargaining.To learn more about labour union refers to;
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At December 31, Folgeys Coffee Company reports the following results for its calendar year.
Cash sales $ 903,000
Credit sales 303,000
Its year-end unadjusted trial balance includes the following items.
Accounts receivable $ 128,000 debit
Allowance for doubtful accounts 5,300 debit
Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 6% of credit sales, (2) 4% of total sales and (3) 9% of year-end accounts receivable.
When a customer's inability to pay a past-due debt owing to bankruptcy or other financial issues prevents them from doing so, the receivable is no longer recoverable, and this results in a bad debt expenditure being recorded.
What is bad debt expense?A) 9,000 debits for bad debts
Allowance for a speculative account credit of 9,000
to document a cost for bad debt —-
B)
9,000 debits for bad debts
Allowance for a speculative account credit of 9,000
to document a cost for bad debt —-
C)
Negative 12,500 debit for bad debt
Allowance for a speculative account 1,250 credit
to document a cost for bad debt —-
Explanation:
1.3% of credit sales
300,000 x 3% = 9,000
entire worth
c) 1% overall sales
900,000 x 1% = 9,000
c)
125,000 x 6% = 7,500
We alter to maintain the year-end allowance at this amount.
allowance
Inputs: debit, credit
5,000
XXXX
7,500
The allowance will be worth 7,500 plus 5,000, or 12,500.
The complete question is:
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 900,000 Credit sales 300,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable $ 125,000 debit Allowance for doubtful accounts 5,000 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (a) 3% of credit sales, (b) 1% of total sales and (c) 6% of year-end accounts receivable.
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given a recessionary gap of $2 trillion, by how much does government spending have to change to close the gap if the marginal propensity to consume is .8?
There must be a 400 billion rise in government spending. Government expenditure must rise to address the recession gap. The fiscal multiplier accurately measures the impact on equilibrium output.
The administration and the opposition parties have clashed over the cuts to the defence budget. The federal government is making an effort to cut back on expenditures. The increase in consumer spending and the strengthening housing market appear to have revived the feel-good factor. High-street spending barely slightly increased last month. financing Infrastructure spending in Britain totaled £2.6 billion last year. Spending should be elevated or increased. The multinational store increased the amount it spent on employee health benefits. expenditure must be cut, trimmed, or restrained Spending cuts alone won't provide the required economic growth.
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Which of the following statements is correct? Why?
a. One disadvantage of dividend reinvestment plans is that they increase transactions costs for investors who want to increase their ownership in the company.
b. One advantage of dividend reinvestment plans is that they enable investors to postpone paying taxes on the dividends credited to their account.
c. Stock repurchases can be used by a firm that wants to increase its debt ratio.
d. Stock repurchases make sense if a company expects to have a lot of profitable new projects to fund over the next few years, provided investors are aware of these investment opportunities.
e. One advantage of an open market dividend reinvestment plan is that it provides new equity capital and increases the shares outstanding.
Answer:
C. Stock repurchases can be used by a firm that wants to increase its debt ratio.
Explanation:
what is the value of a property with a net operating income of $175,000 and a capitalization rate of 7.5%?
The value of a property can be calculated using the formula: Value = Net Operating Income / Capitalization Rate. This means that the property is worth $2,333,333 given a net operating income of $175,000 and a capitalization rate of 7.5%.
It's vital to remember that the capitalization rate is utilized to determine a property's value by making an investment assumption about the rate of return. Using a different cap rate may result in a change in the property's value. Additionally, if the net operating revenue fluctuates, so does the property's value. A ratio called the capitalization rate (cap rate) is used to calculate the worth of a property, usually an income-producing asset like an apartment complex, office building, or shopping mall. The net operating income (NOI) of the property is divided by the acquisition price of the property to determine the cap rate.
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Business ethics is concerned with all of the following except Multiple ChoiceO moral and ethical principles that might arise in a business settingO any special duties or obligations that apply to persons engaged in commerceO societal issues such as the sale of products or services that may damage the environment O distinguishing between moral decisions in a business setting O distinguishing between ethical decisions that arise in a business setting
Business ethics is concerned with all of the following except distinguishing between moral decisions in a business setting.
What is business ethics?Business ethics refers to the moral principles and values that guide the behavior of individuals and organizations in the business world. These principles can include honesty, integrity, fairness, responsibility, and respect for the law. Adhering to these values can help build trust and credibility with customers, employees, and the community, while also promoting sustainable and responsible business practices. However, there can be conflicts between maximizing profits and acting ethically, and companies may face pressure to make decisions that prioritize financial gain over moral considerations. It is important for businesses to establish a strong ethical code and culture, and to hold themselves accountable to those principles.To learn more about business ethics refer:
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In time series data depicting demand which of the following is not considered a component of demand variation? Variance Trend Cyclical Seasonal Autocorrelation Question 6 1 pts Which of the following is not one of the basic types of forecasting? Time series analysis Force field analysis Qualitative Simulation Causal relationships
In time series data depicting demand, Autocorrelation is not considered a component of demand variation. Time series analysis is not one of the basic types of forecasting.
Which of the following is not one of the basic types of forecasting?Force field analysis is not one of the basic types of forecasting. Forecasting is the process of estimating future events or conditions based on current and past data. There are several basic types of forecasting such as Time series analysis, Qualitative, Simulation and Causal relationships.
Time series analysis uses historical data to predict future outcomes. Qualitative forecasting methods rely on expert opinions and subjective judgment. Simulation forecasting uses mathematical models to simulate different scenarios and predict future outcomes. Causal forecasting methods use cause-and-effect relationships to predict future outcomes.
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other than acting as a licensed agent for both parties to a single real estate transaction, what other type of dual agency possibility exists in new york?
Dual agency can take one of two major shapes. The first type, referred to as a dual agent, indicates that there is just one agent or broker working on a real estate transaction.
What are the duties of a broker?
One who facilitates transactions between buyers, sellers, or dealers is known as a broker. Imagine a broker as a middleman who ensures the transaction will go as expected and that each party will get the information they require. Brokers work in many different industries, such as business, real estate, insurance, and finance.
Connecting buyers and sellers is one of a broker's primary duties, making a broker the middleman between a buyer and a sale. A stock or real estate broker who aids in a property transaction would serve as an example.
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BoTeck is a full-service technology company. It provides equipment, installation services, and training services. Customers can purchase any product or service separately or as a bundled package. On May 3, Box-Rite Corporation purchased computer equipment, installation, and training for a total cost of $120,000. Estimated stand-alone fair values of the equipment, installation, and training are $75,000, $50,000, and $25,000 respectively. The journal entry to record the sale and installation on May 3 will include Select one:
Journal entry for may 3 is equipment a/c debit to bank a/c $120,000
In order to document a business transaction within the financial records of the company, a journal entry is employed. A journal entry is often made in the general ledger, but it can also be made in a subsidiary ledger and subsequently rolled forward to the general ledger after being summarised. After then, the control account is utilised to produce the company's financial statements. The official record of the business, a journal contains all transactions in chronological order. Although many businesses today record journal entries using accounting software, journals were once the most common way to do so.
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True or False, non-record materials can be comingled with official agency records.
The statement is True. Non-record materials can be comingled with official agency records because they are not considered official records and do not need to be preserved for a specific period of time.
Non-record materials are items that do not need to be retained for any specific period of time and can be discarded when they are no longer needed. Examples of non-record materials include duplicate copies, drafts, and personal papers.
They may include emails, documents, and other materials that are used for reference or informational purposes, but not for the conduct of agency business. It is a good idea to maintain duplicate records in different locations for ease of access.
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Edgar's boss has told him that he needs to demonstrate more competence on the job. Which of the following actions will help him do so?
setting specific work goals and achieving them
hiding his mistakes from his team members
working independently and not consulting others
asking coworkers what their needs are
taking on fewer projects at one time
Edgar's supervisor has advised him that he needs to show more expertise at work. Hiding his mistake from his team members' activities will assist him in accomplishing this.
A mistake in contract law is an incorrect assumption made at the time of contracting that certain facts are accurate. If it is successfully asserted as a defense, the agreement in question may be ruled to be void ab initio or voidable. Edgar's supervisor has advised him that he needs to show more expertise at work. Hiding his errors from his team members' activities will assist him in accomplishing this.
Alternatively, the courts may give an equitable remedy. Three distinct types of contract mistake have been distinguished by common law: the "unilateral mistake," the "mutual mistake," and the "joint mistake." It's crucial to distinguish between the "shared mistake" and the "mutual mistake."
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land is synonymous with which type of economic resources? a. manufactured resources b. natural resources c. human resources d. financial resources
Answer: B
Explanation: Land can be included in the category of natural resources. This is apparent when producing a good or service; anything that comes from the land. I hope this helps!
s. wang and t. wu are partners with equal capital balances of $50,000 each. they agree to let j. li invest $20,000 in their partnership for a 10% interest, including bonuses to the existing partners. the journal entry to reflect the bonus to wang will include a credit to in the amount of . multiple choice question. wang, capital; $8,000 cash; $4,000
Option 5 will be correct answer. The journal entry to reflect the bonus to Wang will include a credit to Cash in the amount of $4,000.
Solution of the question:
50,000+50,000=100,000. + 20,000 =$120,000. $120,000x. 10=$12,000new $20,000-12,000=$8,000 divided equally between Wang and Wu = $4000 each. The bonus technique is used to provide additional capital to a new partner in a collaboration when the person brings goodwill or another intangibles to the partnership. Any favourable difference between both the capital amount conferred and the new partner's tangible asset contribution is documented in the original associates' capital accounts using the partners' normal profit and loss allocation method. If the capital amount given is less than the physical commodity donation, the distinction is allocated to the inbound partner. Whenever a new partner has an abnormally high level of experience that is expected to benefit a partnership, the bonus method is particularly common.
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Complete question:
S. Wang and T. Wu are partners with equal capital balances of $50,000 each. They agree to let J. Li invest $20,000 in their partnership for a 10% interest, including bonuses to the existing partners. The journal entry to reflect the bonus to Wang will include a credit to _______ in the amount of ______.
Wang, Capital; $8,000Cash; $5,000Wang, Capital; $5,000Wang, Capital; $4,000Cash; $4,000Cash; $8,000End of Chapter Problem Indicate whether each of the following is part of M1, M2, both, or neither: $95 on your campus meal card $0.55 in the change cup of your car $1,663 in your savings account $459 in your checking account 100 shares of stock worth $4,000 A $1,000 line of credit on your Sears credit card
Historically, a campus has been the area of land on which a university or college is situated, together with any related institutional structures. Typically, libraries are found on university campuses.
What is based on a campus?The more typical college experience, particularly for bachelor's degrees, is a campus-based one. Students can reside on campus, take part in extracurricular activities like athletics.
(Purpose-specific; not redeemable for cash) Both ($95 on your meal plan at the university)
A $27.50 check from a friend; B. $0.55 in your car's change cup; C. $1,663 in your savings account; D. $459 in your checking account; E. $0.55 in your car's change cup; F. $150,000 in a time deposit; and G. $0.55 in your car's change cup. M2 is calculated by dividing $2,000 by 50 shares of stock. None of them are similar to the $1,000 credit limit on your credit card (credit card). neither (credit card) (credit card) card redit
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acquisition of land and building on february 1, 2016, edwards corporation purchased a parcel of land as a factory site for $100,000. it demolished an old building on the property and began construction on a new building that was completed on october 2, 2016. costs incurred during this period are: demolition of old building $ 8,000 architect's fees 25,000 legal fees for title investigation and purchase contract 4,000 construction costs 650,000 edwards sold salvaged materials resulting from the demolition for $2,000. required: question content area 1. at what amount should edwards record the cost of the land and the new building, respectively? if an input box should be blank, enter a zero.
According to the question, The total cost of land will be $110,00 while the total cost of building will be $675,000.
What does "cost" mean?A cost is the value of money that has been used to buy something or provide a product and is now not usable for output, research, retail, or accounting. When calculating an inventory costs, the sum of the acquisition's costs is taken into account.
The total cost of land = $110,00
the total cost of building = $675,000
Total cost of land
= ($100,000 + $8,000 + $4,000 - $2,000)
= $110,000
Total cost of building
=$25,000 + $650,000
= $675,000.
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