Answer:
income statement
Service revenue
Advertising expense
balance sheet
Notes payable
Common stock
Cash
retained earnings statement.
Nill
Explanation:
The Income Statement records Incomes and Expenses. It is used to calculate the Profit earned during the reporting period.
The Balance sheet records Assets, Liabilities and Owners Equity. The Balance Sheet uses Accounting equation : Assets = Liabilities + Owners Equity.
The Retained Earnings records the Opening and Closing Retained Earnings Balances, Profit for the Year and Dividends Paid. It is used to determine the Balance at the end of the year in Profits attributable to Owners
1. Identifying Cause and Effect Why are Big Box stores able to sell goods at prices so low that
other, smaller stores cannot compete with them?
granted to rep
Big box stores can profit by an idea known as economies of scale. Overwhelmingly of items in and out, these retailers can catch stock at markdown and afterward give those reserve funds to buyers.
What are Big box stores?A big-box store is a genuinely huge retail foundation, generally part of a chain of stores. The term in some cases likewise alludes, likewise, to the organization that works the store.
Economically, big-box stores can be separated into two classes: general product models incorporate Walmart, Target, and Kmart), and specialty stores like The Home Depot which work in merchandise inside a particular reach, like equipment, books, or customer hardware, separately.
In the late twentieth and mid 21st hundreds of years, numerous customary retailers and grocery store chains that normally work in more modest structures, for example, Tesco opened stores in the big-box-store design with an end goal to rival big-box chains, which are growing universally as their home business sectors arrive at development.
Therefore big box stocks can basically earn more and more of the revenue which is called to be as the economies of the scale.
Learn more Big box stores here:
brainly.com/question/13037500
#SPJ2
During 2021, Sheffield Corp. had the following activities related to its financial operations: Carrying value of convertible preferred stock in Sheffield, converted into common shares of Sheffield $ 543000 Payment in 2021 of cash dividend declared in 2020 to preferred shareholders 281000 Payment for the early retirement of long-term bonds payable (carrying amount $3932000) 3977000 Proceeds from the sale of treasury stock (on books at cost of $394000) 457000 The amount of net cash used in financing activities to appear in Sheffield's statement of cash flows for 2021 should be $2977000. $3801000. $3819000. $3258000.
Answer: $3801000
Explanation:
The amount of net cash used in financing activities to appear in Sheffield's statement of cash flows for 2021 would be calculated as:
= 281000 + 3977000 - 457000
= 3801000
Therefore, the answer is $3801000.
list the roles of teamwork?
Answer:
responsibiltes collabration cooperation
Explanation:
The following information is taken from the operating section of the statement of cash flows (direct method) of Battery Builders, Inc.: Collections from customers $28,000
Payments to suppliers for purchases (13,000)
Payments for operating expenses (9,000)
Payments for income taxes (4,000)
Cash provided by operating activities 2,000
The following information is obtained from the income statement of Battery Builders
Net income $4,000
Depreciation expense 4,000
Gain on sale of equipment 2,000
Write-off of intangibles 1,000
In addition, the following information is obtained from the comparative balance sheets of Battery Builders (decreases in parentheses) Change in accounts receivable $3,000
Change in inventory 3,000
Change in accounts payable 2,000
Change in accrued payable (related to operating expense) (2,000)
Change in deferred taxes payable 1,000
Required
1. Prepare a complete accrual-basis income statement for the current year
2. Compute the cash flows from operations using the indirect approach (that is, start with accrual-basis net income and adjust for various items to obtain cash flows from operations)
Prepare a complete accrual-basis income statement for the current year. should be indicated by a minus sigrn Less
Answer:
See below
Explanation:
1. Complete accrual basis income statement
Sales
($28,000 + $3,000)
$31,000
Less cost of goods sold
($13,000 + $2,000 - $3,000)
-$12,000
Operating expenses
($9,000 - $2,000)
-$7,000
Depreciation expenses
-$4,000
Income tax
($4,000 + $1,000)
-$5,000
Amortization expense
-$1,000
Gain on sale of equipment
$2,000
Net income
$4,000
2. Cash flow statement (Indirect)
Net income
$4,000
Adjustments;
Add depreciation
$4,000
Add write off intangibles
$1,000
Less gain on sale of equipment
-$2,000
Less increase in accounts receivables
-$3,000
Less increase in inventory
-$3,000
Add increase in accounts payable
$2,000
Less decrease in accrued payable
-$2,000
Add increase in deferred income tax payable
$1,000
Net cash from operations $2,000
Identify the characteristics needed in implementing a shared ethical culture and explain how this will help the organization.
Explanation:
In order to implement a shared ethical culture, the company must adopt ethical practices and procedures involving its entire internal and external environment.
The ethical culture must be implemented in all organizational systems and shared by all employees, regardless of the hierarchical level in the company. Leaders need to be the greatest example of ethical behavior in the company. Knowing how to guide, communicate, provide feedback, treat all employees with equality, etc. are actions that encourage and promote shared ethical behavior.
Companies can benefit from the shared ethical culture in creating an organizational culture aimed at developing individual skills and competences, cooperation, innovation and creativity.
Alonzo deposited into an account with a annual interest rate, compounded monthly. Assuming that no withdrawals are made, how long will it take for the investment to grow to
Answer:
5.42 years
Explanation:
The computation of the number of years is as follows:
As we know that
Future value = Present value × (1 + rate of interest)^number of years
Here we assume the number of years be n
$7,160 = $4,000 × (1 + 0.108 ÷ 12)^12n
$7,160 ÷ $4,000 = (1 + 0.108 ÷ 12)^12n
$7,160 ÷ $4,000 = (1.009)^12n
Now take the log to the both sides
log $7,160 ÷ $4,000 = log (1.009)^12n
log $716 ÷ $400 = 12 t log 1.009
t = log ($716 ÷ $400) ÷ 12 t log 1.009
= 5.42 years
Auerbach Inc. issued 8% bonds on October 1, 2021. The bonds have a maturity date of September 30, 2031 and a face value of $375 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2022. The effective interest rate established by the market was 10%. Assuming that Auerbach issued the bonds for $328,266,900, what interest expense would it recognize in its 2021 income statement
Answer:
$8,206,673
Explanation:
The computation of the interest expense that should be recognized in the income statement is shown below:
= Bond issue value × effective rate of interest × given months ÷ number of months
= $328,266,900 × 0.10 × 3 months ÷ 12 months
= $8,206,673
The opportunity cost of an action is always equal to: multiple choice the things you could have done instead of the action you chose to undertake. the time you give up to undertake the action. the money you give up to undertake the action. the next-best alternative for the resources used to undertake the action.
Answer:
the next-best alternative for the resources used to undertake the action.
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
For instance, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invest the same amount of resources in a salon business or any other business as the case may be.
Hence, the opportunity cost of an action is always equal to the next-best alternative for the resources used to undertake the action.
how do you feel about Joe Biden winning?
Answer:I like it finally trump is out of office
Explanation:
I awnsed this to get points lol
A T-bill with face value $10,000 and 97 days to maturity is selling at a bank discount ask yield of 4.4%. a. What is the price of the bill
Answer: $9,881.44
Explanation:
Price of bill can be calculated with formula:
= Face value * ( 1 - (yield * days to maturity/days in year))
This are usually done using 360 days in a year not 365:
= 10,000 * ( 1 - (4.4% * 97/360))
= 10,000 * 0.9881444444
= $9,881.44
Jones Mfg. has current assets of $26,900, net working capital of $8,200, long-term debt of $21,500, and total equity of $57,800. What is the equity multiplier?
Answer:
A
Explanation:
Jones Mfg. has current assets of $26,900, net working capital of $8,200, long-term debt of $21,500, and total equity of $57,800. What is the equity multiplier?
Most modern workers _________.
a.
Will change their careers, but not their jobs
b.
Will change their jobs, but not their careers.
c.
Will change both their jobs and careers
d.
Will change neither their jobs nor their careers
Answer:
B. Will change both their jobs and careers
Explanation:
Internet made it really easy for people to access information , including new educations. Due to the abundant of information that the people can use, acquiring new skills and connections that required to change jobs became much Easier.
According to the data that recorded by the government, around 51% of modern workers change their jobs within 1-5 years period and around 30% workers change their careers every 12 months.
Answer:
c.
Will change both their jobs and careers
Explanation:
got it right on edge
Suppose the cross-elasticity of demand for products A and B is 3.6, and for products C and D is -5.4. What can you conclude about how products A and B are related
Answer:
A and B are substitutes
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
If cross price elasticity of demand is positive, it means that the goods are substitute goods.
Substitute goods are goods that can be used in place of another good.
If the cross-price elasticity is negative, it means that the goods are complementary goods.
Casey Klemons' agreement (BELO plan) with his employer provides for a pay rate of $16.50 per hour with a maximum of 50 hour. How much would Klemons be paid for a week in which he worked 46 hours
Answer:
$907.50
Explanation:
Calculation for How much would Klemons be paid for a week in which he worked 46 hours
Amount to paid =(10 × 0.5 × $16.50)+(50× $16.50
Amount to paid=$82.50 + $825
Amount to paid=$907.50
Therefore the amount that Klemons should be paid for a week in which he worked 46 hours is $907.50
Kava Inc. manufactures industrial components. One of its products, which is used in the construction of industrial air conditioners, is known as K65. Data concerning this product are given below:
Per Unit
Selling price $180
Direct materials $29
Direct labor $5
Variable manufacturing overhead $4
Fixed manufacturing overhead $21
Variable selling expense $2
Fixed selling and administrative expense $17
The above per unit data are based on annual production of 4,000 units of the component. Direct labor can be considered to be a variable cost. (Source: CMA, adapted) The company has received a special, one-time-only order for 500 units of component K65. There would be no variable selling expense on this special order, and the total fixed manufacturing overhead and fixed selling and administrative expenses of the company wouldn't be affected by the order. Assuming that Kava has excess capacity and can fill the order without cutting back on the production of any product, what is the minimum price per unit on the special order below which the company shouldn't go?
a. $180
b. $59
c. $78
d. $38
Answer:
D. $38
Explanation:
The minimum price at which the company should not go below is the price that covers both manufacturing and non manufacturing cost , to meet the special and one time order only.
The per unit cost of the special order will be computer
Unit cost of the special order
Direct materials
$29
Direct labor
$5
Variable manufacturing overhead
$4
Total cost
$38.
Therefore, the minimum price per unit on the special order below which the company shouldn't go is $38.
Note that we are not considering fixed costs because they are irrelevant ; meaning that they would be incurred whether or not the special order is accepted.
Suppose a nation experienced an increase in the level of unemployment. What would be the effect on the nation's production possibilities curve
Answer:
a. The curve would not shift, the change in unemployment would be represented by moving from a point inside the curve toward the curve
Explanation:
Options are : "a. The curve would not shift, the change in unemployment would be represented by moving from a point inside the curve toward the curve, b. The curve would shift to the left, c. The curve would not shift, the change in unemployment would be represented by moving from a point on the curve to a point outside the curve. d. The curve would shift to the right."
Reduction in unemployment means that the resources are being well utilized , the ideal resources in the economy is being used , so the economy moves from an inefficient point to an efficient one. The change in unemployment will be represented by moving from a point from a point to a curve inside the point. So the nation's production possibilities curve would not shift
Which Finance jobs can someone pursue with only a high school diploma? Check all that apply.
-Tax Preparer
-Treasurer
-Actuary
-Teller
-Loan Officer
-Quantitative Analyst
The finance jobs that someone can pursue with only a high school diploma are tax preparer, teller and loan officer.
What is diploma?Diploma refers to the course of the study in which a person is given a document for the completion of specific subject. For example Diploma in scientific studies.
Tax preparer is a person who files and calculate the tax and files the return on the tax om behalf of the other individual or businessmen. Teller is the customer representative of bank. Loan officer is the person who grants the loan to the individual.
Thus the job that a person can start are of tax preparer, teller and loan officer.
Learn more about finance here:
https://brainly.com/question/10024737
#SPJ2
Calculate the present value PV of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. HINT [See Quick Example 4.] (Round your answer to the nearest cent.) 15 years, at 3% per year, compounded annually
Answer:
$641.86
Explanation:
Future value = $1,000
Years = 15
Rate = 3%
The present value = FV*1/(1+i)^n
The present value = 1,000*1/(1+0.03)^15
The present value = 1,000*1/(1.03)^15
The present value = 1,000*1/1.5579674166
The present value = 1,000*0.6418619473970326
The present value = 641.8619473970326
The present value = $641.86
The present value of the investment is $641.86.
The present value of an investment is the value of the investment today. The present value can be determined by discounting the future value using the stated interest rate.
Present value = [tex]\frac{FV}{(1 + r)^{t} }[/tex]
FV = future value = $1000 r = interest rate = 3%t = time = 15[tex]\frac{1000}{(1.03)^{15} }[/tex] = $641.86
A similar question was solved here: brainly.com/question/9641711?referrer=searchResults
Whether the minimum wage is a binding price floor always depends upon whether the economy is in a recession. a. True b. False
Answer:
false
Explanation:
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price
A country is in a recession when the GDP for 2 consecutive quarters is negative.
A binding price floor depends if it is above or below equilibrium
Interestingly, if a class-action suit deals with equal pay or gender discrimination, it cannot be filed against an employer. Group of answer choices True False g
Answer:
False.
Explanation:
A lawsuit can be defined as a dispute or claim brought by an individual or group of people (party) against another to a court of competent jurisdiction for the singular purpose of adjudication.
A class action is filed by a group of people in the interest of a larger population.
If a class-action suit deals with equal pay or gender discrimination, it can be filed against an employer.
What is a sign of a healthy economy
Answer:
When there are more jobs, better wages and lower interest rates, spending power rise it can have a strong effect on stock prices.
The sign of the healthy economy is that there is an employment opportunity, lower level of poverty, high rate of literary and strong effect on stock prices.
What is Economy?Economy refers to the financial condition of the person or any particular country for the given period of time. It is the method or system through which commodities and services are manufactured, sold, and purchased in a country or area.
The Consumer Confidence Index (CCI) is widely regarded as one of the most precise indicators of consumer sentiment toward the economic system and their individual circumstances. Confidence and spending power rise when there are more jobs, higher wages, and lower interest rates.
Therefore, it can be concluded that When there are more employment, higher incomes, and lower interest rates, spending power increases, which can have a significant impact on stock values.
Learn more about economy here:
https://brainly.com/question/2421251
#SPJ2
IAS 32 defines a financial instrument as: any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. a recognized stock exchange. the currency of a foreign country in which the enterprise does business. a certified check.
Answer:
any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
Explanation:
IFRS is an acronym for International Financial Reporting Standards, it comprises of a set of accounting standards or rules issued by the International Accounting Standards Board (IASB). The International Financial Reporting Standards ensures that statement of income, when reported by accountants is consistent, transparent and comparable globall
IAS 32 defines a financial instrument as any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
"Although Alibaba is competing in the Internet services industry, it has improved its performance by focusing on innovation and service diversification. This improved performance is best explained by:"
Answer:
the resource-based model.
Explanation:
Resource-based theory can be understood as one that guarantees a strategic and competitive advantage to an organization through its resources that cannot be imitated and replaced. In the case of Alibaba, its valuable resources that guarantee long-term competitive advantages for the company are the company's ability to offer a wide range of products with significant discounts in relation to competitors, facilities for shipping goods worldwide, etc.
A plant asset has a cost of $43600 and a salvage value of $10900. The asset has a three-year life. If depreciation in the third year amounted to $5450, which depreciation method was used
Answer:
c. Sum-of-the-year's digits
Explanation:
As the asset has a three year life,
So, the sum of the digits is
= 3 + 2 + 1
= 6
Now
Depreciation expense for year 3 is
= (Cost of the plant - salvage value) × 1 ÷ total life
= ($43,600 - $10,900) × 1 ÷ 6
= $5,450
Hence, the sum of the year digits depreciation method is used
Which of the following groups of accounts is increased with a debit?
Select one:
O a,
a. assets, revenues, expenses
Ob.
b. assets. liabilities, owner's equity
C. assets. liabilities, revenues
d. assets, drawing, expenses
Which of the following is true?
a. Nominal GDP does not include childcare
b. Nominal GDP does not include intermediate goods
c. Nominal GDP does not take into account the effects of inflation
d. Nominal GDP does not include imported goods
Answer:
c. Nominal GDP does not take into account the effects of inflation
Explanation:
Nominal gross domestic product (GDP) can be described as a measure of the GDP or goods and services produced within the boundary of a country using current prices without taking into consideration the effects of inflation.
This nominal GDP is contrast to the real GDP which measures the GDP of a country by adjusting for the effect of inflation.
Therefore, the correct option is c. Nominal GDP does not take into account the effects of inflation.
Carol maintains an office in her home where she conducts a dressmaking business. During the year she collects $4,000 from sales, pays $1,300 for various materials and supplies, and properly allocates $2,500 of rent expense and $500 of her utilities expense to the use of her home office. What amount of the rent and utilities expense may Carol deduct in the current year in computing her net income or loss from the dressmaking business
Answer:
$2,700
Explanation:
Calculation for What amount of the rent and utilities expense may Carol deduct in the current year in computing her net income or loss form the dressmaking business
Rent and utilities expense deduction=$4,000-$1,300
Rent and utilities expense deduction=$2,700
Therefore the amount of the rent and utilities expense may Carol deduct in the current year in computing her net income or loss form the dressmaking business will be $2,700
Which fundamental economic question requires society to choose the technological and resource mix used to produce goods?
Answer:
The How to produce question.
Explanation:
Economics can be classified into two (2) categories, namely;
1. Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.
2. Microeconomics can be defined as the study of the effect of price and quantity levels through interactions between individual buyers and sellers in various markets. Thus, it is focuses on analyzing or evaluating the decisions of consumers (buyers) and those of firms (sellers) such as methods of production, pricing; and the manner in which government policies affect those decisions.
The fundamental economic question which requires the society to choose the technological and resource mix used to produce goods is, how to produce question.
This fundamental question is simply focused on the determination of the methods and techniques to be adopted by a manufacturer in the production of goods and services to meet the needs or requirements of the consumer.
All changes save
1. Paid Furniture Depot $1300 payment in full. The two accounts that are affected are? (Check all that apply)
Debit cash $1300
Debit Furn Depot $1300
Credit cash $1300
Credit Furn depot $1300
Answer:
Debit Furniture Depot $1300
Credit cash $1300
Explanation:
Both furniture and cash are assets held by the company.
When an asset increases, in this case we purchased furniture, we must debit the asset account. On the other hand, when an asset decreases, we have less cash since we paid for the furniture, we must credit the account.
The accounts must always be balanced.
10. You have just deposited $1000 in an unusual bank account that pays interest biannually (once every 2 years). If the 2-year interest rate is 8% (total interest over 2 years is 8%, not 8% per year), how much will you have in the account after 6 years? (Answer: $1,259.71)
Answer:
FV= $1,259.71
Explanation:
Giving the following information:
Initial deposit (PV)= $1,000
Number of periods (n)= 3 biannual years
Interest rate (i)= 8% = 0.08
To calculate the future value (FV), we need to use the following formula:
FV= PV*(1+i)^n
FV= 1,000*(1.08^3)
FV= $1,259.71
