To determine the break-even point, we need to calculate the level of sales at which the company neither incurs a profit nor a loss. The break-even point for Easton Corporation based on the given information is $810,000.
To determine the break-even point, we need to calculate the level of sales at which the company neither incurs a profit nor a loss. The break-even point can be calculated using the following formula:
Break-even point (in dollars) = Fixed costs / Contribution margin ratio
From the given information:
Sales = $920,000
Contribution margin ratio = 40% (or 0.40)
Net loss = $44,000
Since a net loss is reported, it indicates that the company's total costs (including fixed costs and variable costs) exceeded its total sales revenue.
To calculate the break-even point, we need to find the fixed costs. We can rearrange the formula to solve for fixed costs:
Fixed costs = Contribution margin ratio × Sales - Net loss
Fixed costs = 0.40 × $920,000 - $44,000
Fixed costs = $368,000 - $44,000
Fixed costs = $324,000
Now, we can calculate the break-even point:
Break-even point = $324,000 / 0.40
Break-even point = $810,000
Therefore, the break-even point for Easton Corporation based on the given information is $810,000.
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A public good that would benefit Adam, Ben and Carl has a one off cost of $457.3. Adam attached a value of $70 to this public good, for Ben its value is $393.5, and Carl values it at $189.1. The total surplus to the group if they provide the public good is:
The total surplus to the group if they provide the public good is $195.3.
To get the total surplus to the group if they provide the public good, we need to understand the concept of consumer surplus and how it is calculated.
Consumers surplus is the difference between the total amount that consumers are willing to pay for a good or service and the actual amount that they have to pay in the market. It is calculated by subtracting the market price from the total willingness to pay of consumers.
Mathematically, consumers surplus can be represented as:
Consumers surplus = Total willingness to pay – Market price.
To determine the total surplus to the group if they provide the public good, we need to determine the total willingness to pay of the group and the market price of the public good.
The total willingness to pay for the public good is calculated by adding the values that each member of the group attaches to the public good.
Therefore:
Total willingness to pay = Adam’s value + Ben’s value + Carl’s value
= $70 + $393.5 + $189.1
= $652.6
The market price of the public good is the cost of the good which is a one-off cost of $457.3
Therefore, the total surplus to the group if they provide the public good is:
Total surplus = Total willingness to pay – Market price
= $652.6 - $457.3
= $195.3
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list top 5 portfolio management requirements that you feel are necessary for a portfolio to be successful.
A portfolio is a group of investments that a person or an organization has. Stocks, bonds, mutual funds, exchange-traded funds, and other investment vehicles are just a few examples of the different types of investments that can be included in a portfolio.
1. Proper diversification One of the most crucial aspects of portfolio management is diversification. Diversification involves spreading out your investments to different asset classes, sectors, and industries. This helps to minimize the risks associated with individual investments or particular market sectors.
2. A well-defined investment strategy Portfolio management requires a well-defined investment strategy that aligns with the investor’s goals and objectives. A sound investment strategy can help investors to maintain focus and discipline while investing. The investment strategy should take into account factors such as the investor's risk tolerance, time horizon, and financial resources.
3. Active monitoring of investments To maintain a successful portfolio, the investor should actively monitor the performance of their investments. This can help them to make informed decisions about buying or selling securities based on market trends, economic indicators, and other factors. Investors should also review their portfolios regularly to ensure that they are still aligned with their investment strategy.
4. Risk management is an integral part of portfolio management. Investors should identify and manage the risks associated with their investments to protect their portfolios from significant losses. This can be achieved through diversification, asset allocation, and other risk management strategies.
5. Flexibility Portfolio management requires flexibility to adapt to changing market conditions. Investors should be prepared to make adjustments to their portfolios based on market trends, economic indicators, and other factors. A flexible investment strategy can help investors to take advantage of opportunities in the market while minimizing the risks associated with investments.
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Select all of the following that are normally included in the notes to the financial statements. (points awarded for correct selections and incorrect items not selected) Details of selected balance sheet accounts Details of employment agreements Officer Compensation Significant accounting policies Commitments, contingencies and other disclosures not included in the balance sheet or other "number statements" Who owns the firm's securities Director compensation
The notes to the financial statements typically include details of selected balance sheet accounts, significant accounting policies, commitments, contingencies, and other disclosures not included in the balance sheet or other financial statements.
The notes to the financial statements provide additional information and explanations about the financial statements presented in the main body. They serve to enhance the understanding of the financial statements and provide more transparency to the readers.
The details of selected balance sheet accounts are often included to provide additional context and breakdown of the reported amounts.
Significant accounting policies are disclosed to explain the methods and principles used in preparing the financial statements. This helps readers understand the basis on which the financial statements are prepared and enables them to make meaningful comparisons with other companies.
Commitments, contingencies, and other disclosures not included in the balance sheet or other financial statements are typically included in the notes. These may include information about pending lawsuits, lease agreements, or other contractual obligations that could impact the financial position of the company.
Information about employment agreements may be included in the notes, especially if they have significant financial implications or if they are relevant to understanding the financial performance of the company. Similarly, details about director compensation may be disclosed to provide transparency regarding the remuneration of key individuals in the organization.
On the other hand, information about officer compensation and ownership of the firm's securities is usually not included in the notes to the financial statements. These details are typically provided in other sections of the company's filings, such as proxy statements or other regulatory disclosures.
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Many people have stated that FEMA failed in its efforts to assist citizens in recovering from Hurricane Katrina. Now, years later, FEMA has stated that it has learned from its previous mistakes and that its disaster response has improved. Do you agree or disagree with this? Please explain your response.
Please provide a response of at least 200 words or more.
Thank you.
Evaluate FEMA's post-Hurricane Katrina improvements and determine if their disaster response has indeed improved.
Following Hurricane Katrina, FEMA faced widespread criticism for its response and assistance efforts. The response was widely regarded as inadequate, with delays in providing essential supplies, insufficient coordination, and ineffective communication with affected communities. The agency's shortcomings were evident in the slow and disorganized process of evacuating and providing aid to those affected by the hurricane.
In the years since Hurricane Katrina, FEMA has taken steps to improve its disaster response capabilities. The agency has undergone significant reforms, including changes to its organizational structure, increased funding, and improvements in disaster planning and preparedness. These efforts aimed to address the weaknesses exposed during Katrina and enhance the agency's ability to respond effectively to future disasters.
However, whether FEMA's improvements have been successful in practice remains a subject of debate. While the agency has made efforts to enhance its response capabilities, the true test lies in the response to subsequent disasters. As of my knowledge cutoff in September 2021, there have been significant events such as Hurricane Sandy in 2012 and Hurricanes Harvey, Irma, and Maria in 2017, among others, which could provide insights into FEMA's progress.
To form an informed opinion on whether FEMA's disaster response has genuinely improved, it would be necessary to consider a comprehensive analysis of the agency's performance in recent disasters, as well as the feedback and experiences of the affected communities and independent assessments.
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Jones walked into a new car lot, pointed to a specific car, and said, "I'll take that one." Sam, the operator of the car lot, explained that there was a certain amount of pre-delivery preparation that had to take place before the car could be delivered, and that it would be ready for the purchaser two days later. It was agreed that the purchase price would be paid at that time. Explain who bears the risk in the meantime, and why.
The answer is the purchaser bears the risk in the meantime, and the explanation is that the risk of loss passes from the seller to the purchaser at the time when the seller delivers the goods to the purchaser.
What is a risk in sales?Risk in sales refers to the possibility of loss or harm occurring from an event. When a good is bought or sold, a risk of loss exists. The risk of loss is the possibility that an item will be destroyed or damaged before the buyer receives it, resulting in a loss to the buyer or seller. In some circumstances, such as when a sales contract specifies otherwise, the risk of loss remains with the seller until the purchaser takes possession of the goods. However, in most situations, the risk of loss transfers to the purchaser as soon as the seller delivers the goods. When Jones walks into the car lot and points out a car, the risk of loss will be transferred to Jones as soon as Sam delivers the vehicle. Therefore, it is the purchaser who bears the risk in the meantime.
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As Project Director of a newly build shopping mall in progress, you are currently in charge with a new group of colleagues that you have never worked with before. Their work is excellent, and the team gets along well together. Recognizing their abilities, you feel they can now work more on their own. You have begun this year to redirect your energies to other projects and the team have continued to work effectively. You must now identify a potential Project Director to take the lead to lead the team from you. (a) List \& explain FIVE (5) behavior and skill of an effective leader (20 marks) (b) Briefly explain an 'autocratic leader'. (5 marks) (Total: 25 marks)
(a) Five behaviors and skills of an effective leader:
Communication
Emotional intelligence
Decision-making
Adaptability
Delegation:
(b) Autocratic leadership is a leadership style in which the leader holds complete authority and control over decision-making and task execution.
How to explain the informationAn autocratic leader typically has a top-down approach, where instructions flow from the leader to the team members. They maintain a hierarchical structure and exercise their power and control over the team. The decision-making process is centralized, and team members may have limited or no input in the decision-making process.
This leadership style can be effective in situations where quick and decisive actions are required, or when team members lack the necessary expertise or experience to make decisions.
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when one speaks of economics, we have to talk about information. that's because economics is all about the records of ownership that define who owns what and what is exchanged, what we call ledgers. without the records of ownership, there can be no economy. this is why the way that information is recorded and stored is so important to the functioning of our economies.
Information plays a crucial role in economics as it is the foundation for the records of ownership and transactions that define an economy. Without its, economies cannot function effectively.
How does information contribute to the functioning of economies?Information is the backbone of economic systems, as it provides the necessary data for tracking ownership, exchange, and transactions. In essence, information acts as the ledger that records who owns what and facilitates economic interactions.
These records of ownership are essential for establishing trust, enforcing contracts, ensuring transparency in economic activities. The way information is recorded and stored is vital to the efficiency and effectiveness of economic processes.
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Which of these is true about charismatic leadership? All successful leaders are charismatic leaders. There are no disadvantages of charismatic leadership. Followers may engage in unethical behavior if the charismatic leader asks them to. Charismatic leaders are more transactional instead of transformational.
Charismatic leadership refers to a leadership style that emphasizes the power of charm and personal persuasion to inspire and motivate followers to achieve a common goal.
A charismatic leader is an individual who possesses exceptional qualities that enable them to attract and inspire followers. The following statements are true about charismatic leadership:Followers may engage in unethical behavior if the charismatic leader asks them to: Charismatic leaders often possess a magnetic personality that can inspire strong loyalty from their followers.
This loyalty can be used for good or bad depending on the leader's intentions. Followers of charismatic leaders may engage in unethical behavior if the leader asks them to, as they often feel that their loyalty to the leader supersedes their own moral code.
All successful leaders are charismatic leaders: Charismatic leadership is only one of many leadership styles that a successful leader can employ. Different situations and challenges may require different leadership styles. Transformational leadership is an example of a leadership style that is often used by successful leaders.There are no disadvantages of charismatic leadership: Charismatic leadership, like any other leadership style, has its advantages and disadvantages.
Charismatic leaders may be highly effective at inspiring followers, but they may lack the necessary skills to manage an organization effectively. Additionally, the personality cult that often surrounds charismatic leaders can be detrimental to the organization's long-term health.
Charismatic leaders are more transactional instead of transformational: Charismatic leadership is often associated with transformational leadership. Both leadership styles rely heavily on the leader's personality to inspire followers. However, transactional leadership is a different style that is based on the exchange of rewards and punishments to motivate followers.
While charismatic leaders may use transactional leadership in some situations, they are not exclusively transactional leaders. In conclusion, charismatic leadership is a leadership style that emphasizes the power of personal persuasion to inspire and motivate followers. While charismatic leaders may be highly effective, they also have their disadvantages, and not all successful leaders are charismatic leaders.
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a recession is generally followed by a _____ in which the economy starts growing again.
A recession is generally followed by an economic recovery in which the economy starts growing again. This recovery phase is also called an expansion period.
During a recession, the economy experiences a decline in economic growth, income, and employment, which leads to reduced consumer spending and business investment.
This, in turn, creates a downward spiral that makes it difficult for the economy to grow. The recovery phase occurs when the economy starts growing again, and unemployment decreases.
During the expansion period, consumer spending and business investment begin to increase, leading to an increase in economic growth. The government may also employ monetary and fiscal policy measures to stimulate the economy during this period.
Monetary policy involves the use of interest rates, while fiscal policy involves the use of government spending and taxation. The length and strength of the recovery period vary, depending on several factors, such as the severity of the recession and the government's policy response.
The recovery period can last for several years, and during this period, the economy may experience a boom or periods of slower growth.
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Listed below are several ways to classify liabilities followed by a series of situations. Match the classifications to the situations by placing the appropriate letter in the space provided. CLASSIFICATIONS A) Current liabilities that arise from transactions with employees B) Current liabilities that arise from transactions with customers C) Current liabilities that arise from transactions with lenders D) Current liabilities that arise from transactions with shareholders E) Not a current liability SITUATIONS 1. Gift cards sold 2. Wages payable 3. Wages Expense 4. Estimates of future costs associated with assurance-type warranties 5. El and CPP payable 6 Annual corporate income tax pavable 6. Annual corporate income tax payable 7. Current portion of long-term debt 8. Bank overdraft 9. Dividend payable 10. Warranty expense 11. Customer Loyalty Provision 12. Sale of service-type warranties АПВ CD E
Current liabilities that arise from transactions with customers: Gift cards sold, Customer Loyalty Provision. Current liabilities that arise from transactions with employees: Wages payable, EI and CPP payable. Current liabilities that arise from transactions with lenders: Current portion of long-term debt, Bank overdraft. Current liabilities that arise from transactions with shareholders: Dividend payable.
Not a current liability: Estimates of future costs associated with assurance-type warranties, Warranty expense. Classifications:
A) Current liabilities that arise from transactions with employees
B) Current liabilities that arise from transactions with customers
C) Current liabilities that arise from transactions with lenders
D) Current liabilities that arise from transactions with shareholders
E) Not a current liability
Situations: 1. Gift cards sold - Current liabilities that arise from transactions with customers
2. Wages payable - Current liabilities that arise from transactions with employees
3. Wages Expense - Not a current liability
4. Estimates of future costs associated with assurance-type warranties - Not a current liability
5. EI and CPP payable - Current liabilities that arise from transactions with employees
6. Annual corporate income tax payable - Not a current liability
7. Current portion of long-term debt - Current liabilities that arise from transactions with lenders
8. Bank overdraft - Current liabilities that arise from transactions with lenders
9. Dividend payable - Current liabilities that arise from transactions with shareholders
10. Warranty expense - Not a current liability
11. Customer Loyalty Provision - Current liabilities that arise from transactions with customers
12. Sale of service-type warranties - Not a current liability.
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A customer makes the following purchases of ABC stock: February $200 Purchase Stock Price: $25
March $200 Purchase Stock Price: $16 April $200 Purchase Stock Price: $27
The average price of the stock over this time period and the average purchase price per share for this customer are:
A. Average Price: $16.00; Average Purchase Price Per Share: $16.00
B. Average Price: $22.67; Average Purchase Price Per Share: $16.00
C. Average Price: $16.00; Average Purchase Price Per Share: $22.67
D. Average Price: $22.67; Average Purchase Price Per Share: $21.50
The average purchase price per share for this customer is approximately $22.22.
To calculate the average price of the stock over the given time period, we need to find the total value of the stock purchases and divide it by the total number of shares.
February purchase: $200 / $25 = 8 shares
March purchase: $200 / $16 = 12.5 shares (rounded to the nearest whole number, which is 12)
April purchase: $200 / $27 = 7.41 shares (rounded to the nearest whole number, which is 7)
Total value of stock purchases = (8 shares * $25) + (12 shares * $16) + (7 shares * $27)
= $200 + $192 + $189
= $581
Total number of shares = 8 + 12 + 7 = 27
Average price of the stock = Total value of stock purchases / Total number of shares
= $581 / 27
≈ $21.52
Therefore, the average price of the stock over this time period is approximately $21.52.
To calculate the average purchase price per share for this customer, we need to find the total amount spent on stock purchases and divide it by the total number of shares.
Total amount spent on stock purchases = $200 + $200 + $200 = $600
Average purchase price per share = Total amount spent on stock purchases / Total number of shares
= $600 / 27
≈ $22.22
Therefore, the average purchase price per share for this customer is approximately $22.22.
The closest answer option is D. Average Price: $22.67; Average Purchase Price Per Share: $21.50.
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the opportunity cost of winning a free ticket to the world series worth $885 and choosing to attend the game is:
The opportunity cost of winning a free ticket to the World Series worth $885 and choosing to attend the game is the value of the next best alternative that is foregone by attending the game. In this case, the opportunity cost would depend on the value of the alternative activity or opportunity that is sacrificed.
For example, if the individual had the option to sell the ticket for $500, but chooses to attend the game instead, the opportunity cost would be $500. This is because by attending the game, they are giving up the opportunity to earn $500 from selling the ticket.
Alternatively, if the individual had no other valuable alternative and attending the game is the most desirable option for them, the opportunity cost would be considered zero. This means that the individual is not sacrificing any other valuable opportunity by choosing to attend the game.
It's important to note that opportunity cost is subjective and can vary depending on individual preferences and available alternatives. Therefore, the exact opportunity cost in this scenario would depend on the specific circumstances and alternatives available to the individual.
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how will you help them to work together to fix the issues? focus on relationships-spend more time getting to know each employee. help them to see that both groups have important roles in meeting the company goals and bring them together to accomplish them. rely on my position power to make work assignments and then reward or punish the groups based on their results. focus on clarifying roles and task requirements and then provide rewards or punishments based on performance.
To help employees work together to fix issues and foster better relationships, it is important to focus on several key steps.Spend more time getting to know each employee: By investing time in building relationships with each individual, you can develop a better understanding of their strengths, weaknesses, and motivations.
This will enable you to create an environment that encourages collaboration and mutual respect. Help them see the importance of both groups' roles: It is essential to communicate the significance of each group's contributions towards meeting company goals. Emphasize that both groups have valuable skills and perspectives that, when combined, can lead to better outcomes. Encourage open dialogue and the sharing of ideas to foster a sense of unity.
Bring the groups together: Organize team-building activities or collaborative projects that involve members from both groups. This will allow them to work together towards a common goal, helping to break down barriers and build stronger relationships. Encourage open communication, active listening, and empathy during these activities.
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Which of the following statements is TRUE about terms of the contract?
Terms are representations before a contract is formed.
All terms of the contract must be express.
Contradictory oral evidence may be admitted even if the contract has been put in writing.
Terms may be implied into the contract by law.
The answer is that the statement "Terms may be implied into the contract by law" is TRUE about terms of the contract.
The terms of the contract refer to the conditions that are accepted by all parties involved in the contract. The following statements have been made in regards to the terms of a contract:
Terms are representations before a contract is formed. This statement is incorrect. Representations are statements that are made to convince someone to enter into a contract. These statements are not binding and do not form a part of the contract.
All terms of the contract must be express. This statement is incorrect. There are two types of terms in a contract: express and implied. Express terms are those that are written in the contract, whereas implied terms are not written, but they are still binding. It's possible for a contract to have both express and implied terms.
Contradictory oral evidence may be admitted even if the contract has been put in writing. This statement is incorrect. If a contract has been put in writing, oral evidence cannot be used to change its terms. This is known as the "parol evidence rule."Terms may be implied into the contract by law. This statement is true. There are certain terms that are implied into every contract as a matter of law. For example, if you hire someone to paint your house, it is implied that they will use paint that is suitable for the job and that they will carry out the work with reasonable care and skill.
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Here is Frederick Company's portfolio of long-term stock investments at December 31, 2021, the end of its first year of operations. On December 31 , the total cost of the portfolio equaled the total fair value. Frederick had the following transactions related to the securities during 2022. Jan. 20 Sold all 1,000 shares of Willhite Corporation common stock at $55 per share. 28 Purchased 400 shares of $10 par value common stock of Liggett Corporation at $78 per share. 30 Received a cash dividend of $1.15 per share on Hutcherson Corp. common stock. Feb. 8 Received cash dividends of $0.40 per share on Downing Corp. preferred stock. 18 Sold all 1,200 shares of Downing Corp. preferred stock at $27 per share. July 30 Received a cash dividend of $1.00 per share on Hutcherson Corp. common stock. Sept. 6 Purchased an additional 900 shares of $10 par value common stock of Liggett Corporation at $82 per share. Dec. 1 Received a cash dividend of $1.50 per share on Liggett Corporation common stock. At December 31, 2022, the fair values of the securities were: Hutcherson Corporation common stock $64 per share Liggett Corporation common stock $72 per share Instructions a. Prepare journal entries to record the transactions. a. Loss on sale of stock investment $1,200 b. Post to the investment account. (Use a T-account.) c. Prepare the adjusting entry at December 31,2022 to report the portfolio at fair value. c. Unrealized gain or loss-income $5,800 d. Show the balance sheet presentation at December 31,2022 , for the investmentrelated accounts. Prepare a balance sheet.
Here is the journal entry to record the transactions:Jan. 20 Sold all 1,000 shares of Willhite Corporation common stock at $55 per share.Cash = 55,000 Investment in stock = 45,000 Gain on sale of stock investment = 10,000Jan. 28 Purchased 400 shares of $10 par value common stock of Liggett Corporation at $78 per share.
Investment in stock = 31,200 Cash = 31,200Jan. 30 Received a cash dividend of $1.15 per share on Hutcherson Corp. common stock.Cash = 2,300 Dividend income = 2,300Feb. 8 Received cash dividends of $0.40 per share on Downing Corp. preferred stock.Cash = 480 Dividend income = 480Feb.
18 Sold all 1,200 shares of Downing Corp. preferred stock at $27 per share.Cash = 32,400 Investment in stock = 34,200 Loss on sale of stock investment = 1,800July 30 Received a cash dividend of $1.00 per share on Hutcherson Corp. common stock.Cash = 2,000 Dividend income = 2,000Sept. 6 Purchased an additional 900 shares of $10 par value common stock of Liggett Corporation at $82 per share.
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financial counselors tend to be ______________ oriented, whereas financial planners tend to be ______________ oriented. a)past; future. b)present; past.
The correct answer is:
a) Financial counselors tend to be past-oriented, whereas financial planners tend to be future-oriented.
Financial counselors primarily focus on assisting individuals in addressing and resolving their current financial issues and challenges. They provide guidance and support in managing existing financial problems, such as debt management, budgeting, and overcoming financial obstacles that may have occurred in the past.
On the other hand, financial planners take a future-oriented approach. They help individuals develop comprehensive financial plans and strategies to achieve their long-term financial goals and objectives. Financial planners consider factors such as retirement planning, investment strategies, risk management, and wealth accumulation for the future.
While both financial counselors and financial planners provide valuable assistance in different aspects of financial well-being, their orientations differ based on the time frame they primarily address—past for financial counselors and future for financial planners.
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The City of South Pittsburgh maintains its books so as to prepare fund accounting statements and records worksheet adjustments in order to prepare government-wide statements.
1. Deferred inflows of resources-property taxes of $63,500 at the end of the previous fiscal year were recognized as property tax revenue in the current year's Statement of Revenues, Expenditures, and Changes in Fund Balance.
2. The City levied property taxes for the current fiscal year in the amount of $12,736,900. When making the entries, it was estimated that 2 percent of the taxes would not be collected. At year-end, $267,200 is thought to be uncollectible, $360,000 would likely be collected during the 60-day period after the end of the fiscal year, and $52,300 would be collected after that time. The City had recognized the maximum of property taxes allowable under modified accrual accounting.
3. In addition to the expenditures recognized under modified accrual accounting, the City computed that $30,100 should be accrued for compensated absences and charged to public safety.
4. The City's actuary estimated that pension expense under the City's public safety employees pension plan is $240,000 for the current year. The City, however, only provided $216,900 to the pension plan during the current year.
5. In the Statement of Revenues, Expenditures, and Changes in Fund Balances, General Fund transfers out included $524,000 to a debt service fund, $213,000 to a special revenue fund, and $958,500 to an enterprise fund.
Prepare the journal entries for the worksheet adjustments for each of the above situations. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
1. Dr. Property Tax Receivable - Deferred Inflow of Resources: Property Tax Revenue $63,500 Cr. $63,500 in property taxes 2. Uncollectible Property Taxes: $267,200 Cr. $267,200 as a provision for uncollectible property taxes
Dr. Uncollectible Property Taxes $52,300 Cr. Property Tax Revenue $52,300 Dr. Allowance for Uncollectible Property Taxes $360,000 Cr. Property Tax Revenue $360,000 3. Accrued Compensated Absences: Dr. Compensated Absences Expense $30,100 Cr. Compensated Absences Payable $30,100 4. Pension Expense and Contribution: Dr. Pension Expense $240,000 Cr. $240,000 in Pension Payable Dr. Pension Payable $23,100 Cr. Expenditures $23,100 5. Transfers Out: Dr. Transfers Out - Debt Service Fund $524,000 Cr. Expenditures $524,000 Dr. Transfers Out - Special Revenue Fund $213,000 Cr. Expenditures $213,000 Dr. Transfers Out - Enterprise Fund Expenditures $958,500
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The company Name is Apple
State the name of company
State the name of the CEO
State which accounting firm audits the financial statements. There
are four large accounting
firms: PriceWaterhouseCoope
The current CEO of Apple Inc. is Tim Cook. He took over the reins of the company from Steve Jobs in 2011, after Jobs resigned due to health reasons. Cook was previously Apple's Chief Operating Officer (COO) and has been with the company since 1998.
Auditing Firm: Price water house Coopers (PwC)Apple Inc. is an American multinational technology company that specializes in designing, developing, and selling consumer electronics, computer software, and online services. It was founded on April 1, 1976, by Steve Jobs, Steve Wozniak, and Ronald Wayne and is headquartered in Cupertino, California.
The current CEO of Apple Inc. is Tim Cook. He took over the reins of the company from Steve Jobs in 2011, after Jobs resigned due to health reasons. Cook was previously Apple's Chief Operating Officer (COO) and has been with the company since 1998.
Price water house Coopers (PwC) is the accounting firm that audits the financial statements of Apple Inc. It is one of the Big Four accounting firms in the world, along with Deloitte, Ernst & Young, and KPMG. PwC provides assurance, advisory, tax, and consulting services to its clients.
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Which of the following statements is correct? CPI calculations take the quantity produced in the current year. GDP calculations take a fixed basket for the quantity. CPI calculations take a fixed basket for the quantity. GDP and CPI both use the current year quantity produced.
The correct statement regarding the calculation of CPI and GDP is "CPI calculations take a fixed basket for the quantity.
"The Consumer Price Index (CPI) and Gross Domestic Product (GDP) are both crucial economic indicators that are used to measure the overall health of an economy. they differ in terms of what they measure and how they measure it.
CPI measures inflation by comparing the price of a fixed basket of goods and services purchased by consumers over time. It helps in tracking the changes in the cost of living of the people. CPI calculations take a fixed basket of goods for the quantity produced.
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which of the following types of federalism was embraced by franklin delano roosevelt after the stock market crash of 1929?
After the stock market crash of 1929, Franklin Delano Roosevelt embraced cooperative federalism.
Cooperative federalism, also known as "marble cake federalism," refers to a system of federalism where the federal government and state governments work together collaboratively to address national issues and implement policies. This approach emphasizes intergovernmental cooperation and coordination.
In response to the economic challenges of the Great Depression, President Roosevelt implemented various policies and programs as part of his New Deal agenda. These initiatives involved significant collaboration between the federal government and state governments to stimulate the economy, provide relief to those affected by the depression, and promote recovery.
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stock repurchases are an attractive alternative to dividends because
Stock repurchases are an attractive alternative to dividends because the repurchase of a firm's shares reduces the number of shares outstanding, thus raising earnings per share and improving stockholders' expectations. Stock repurchases also allow businesses to fund their capital needs without borrowing money, of capital in the long run.
Additionally, stock repurchases allow management to retain control over the company since they are not required to pay dividends on the shares repurchased. The management of a firm can use a variety of financial instruments to return profits to shareholders.
Dividends are a standard method for firms to distribute earnings to shareholders. When a firm pays dividends, it distributes a portion of its profits to shareholders in the form of cash or shares of stock.
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Suppose that in January a profit-maximizing firm has 25 employees. By February, the firm has decreased employment. One can infer that, when 25 employees are hired, theA) firm is losing market share.B) firm is minimizing losses.C) wage exceeds the value of the marginal product of labor.D) value of the marginal product of labor exceeds the wage
In this situation, one can infer that when 25 employees are hired, the value of the marginal product of labor exceeds the wage (option D).
What happens with the marginal product of labor in this case?When a profit-maximizing firm hires employees, it is based on the wage paid to them and the value they contribute to the company, which is the marginal product of labor.
If the value of the marginal product of labor exceeds the wage, it indicates that hiring additional employees is profitable for the firm. This is exactly the situation in the company described.
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_________________________ requires returning goods, property, or funds previously conveyed.
The term that is used to refer to returning goods, property, or funds previously conveyed is called a "rescission."
Rescission refers to the process of returning goods, property, or funds previously conveyed. It is a process that requires a party to return what was originally received to its previous state. Rescission is usually implemented when there is a material breach of contract or when fraud has occurred in the transaction. A material breach occurs when a party fails to fulfill its obligations under the contract, resulting in a significant harm to the other party. Fraud, on the other hand, is when a party misrepresents material facts about the transaction, which causes the other party to suffer losses. In both cases, rescission is an option available to the injured party to restore the transaction to its original state, as if it never happened.
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Jannet runs a French fries stand in the farmers' market on Saturdays between 8:00 AM and 2:00 PM. All fries she produces during these hours are sold, but she also sells 10% more after 2:00 PM. Early morning on Saturday, she washes three 60-Kg bag of potatoes, press cuts them store them in a buckets of water. She takes batches of cut potatoes in drain holding 6 kg of cut potatoes from the bucket, and lets them drain for 5 minutes (potatoes oxidize quickly in contact with air so they should be used quickly). Each drained batch is deep fried for 5 minutes. The fried batches are cooled for 3 minutes. Each batch yield 15 boxes of French fries. Jannet takes 2 minutes to box the fried potatoes, add napkins, utensils, ketch-up, vinegar and mustard packs to the box and hand it to customer.
What are the value-added non-value added activities in Jannet's operation?
What kind of waste portion do you see in Jannet's operation is waste?
How can Jannet create a pull production system using Kanban?
1. The value-added activities in Jannet's operation are as follows:a) Washing and Cutting of the potatoes
1. The value-added activities in Jannet's operation are as follows:a) Washing and Cutting of the potatoes
b) Deep Frying
c) Boxing the fried potatoes, adding napkins, utensils, ketchup, vinegar, and mustard packs to the box, and handing it to the customer
2. The non-value-added activities in Jannet's operation are as follows: a) Draining the cut potatoes
b) Cooling of fried batches.
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The activity durations will be integrated with the activity sequencing to become the approved schedule, so it is important that the team member doing the work has input into what?
a) One-point estimates
b) Learning curves
c) Duration estimates
d) WBS
c) Duration estimates. The team member doing the work should have input into duration estimates.
Since they will be performing the activities, their knowledge and expertise are crucial in determining how long each activity will take to complete. By involving the team member in the estimation process, their insights can be considered, resulting in more accurate and realistic duration estimates. This collaborative approach helps ensure that the approved schedule reflects the actual time required for each activity, increasing the chances of successful project execution and resource allocation.
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Identify and analyse the problems the customer service team
experiencing at service station relating to job satisfaction and
organisational commitment.
A lack of clear communication, inconsistent policies, and a lack of support can all lead to low levels of job satisfaction and organizational commitment.
There are numerous problems that the customer service team is experiencing at the service station related to job satisfaction and organizational commitment, which are discussed below:
The problems that customer service team members are facing in terms of job satisfaction and organizational commitment are numerous. They are discussed below:
1. High Job Demand: Customer service team members face a high job demand. They have to interact with a large number of clients regularly, which can be mentally and emotionally exhausting. This can result in a decrease in their job satisfaction, commitment, and motivation levels.
2. Lack of Recognition: Customer service team members at the service station may feel that their efforts are not adequately recognized or valued by the organization. This can lead to a decrease in their job satisfaction levels and organizational commitment.
3. Poor Work Environment: The work environment at the service station may not be conducive to customer service team members' productivity and job satisfaction. A poor work environment can lead to stress, anxiety, and a lack of motivation.
4. Inadequate Training: The customer service team at the service station may not receive adequate training to meet the demands of their job. This can result in a lack of job satisfaction and organizational commitment.
5. Inadequate Feedback: Customer service team members may not receive adequate feedback on their performance, which can lead to a decrease in their job satisfaction and organizational commitment levels.
6. Poor Management: Poor management can also result in a decrease in job satisfaction and organizational commitment levels.
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Why might a government choose to get involved in state-sponsored cyberwarfare? More than one answer may be correct. Check All That Apply It is relatively inexpensive compared to traditional warfare. It is often difficuit to trace and identify. It can cause widespread damage to IT infrastructure. It does not require an organized group to execute attacks.
The reasons why a government might choose to get involved in state-sponsored cyber warfare can vary, and more than one answer may be correct. Here are the potential reasons:
It is relatively inexpensive compared to traditional warfare: State-sponsored cyber warfare can be a cost-effective option for governments compared to traditional military operations.
Developing and executing cyber attacks can require fewer resources and funding than deploying physical forces or acquiring advanced weaponry.
It is often difficult to trace and identify: Cyber attacks can be executed with a certain level of anonymity, making it challenging to trace the source back to the sponsoring government.
This provides a degree of deniability, allowing governments to engage in offensive cyber operations without direct attribution.
It can cause widespread damage to IT infrastructure: Cyber warfare has the potential to inflict significant damage on the IT infrastructure of targeted entities, such as critical infrastructure systems, government networks, or financial institutions.
Disrupting or disabling these systems can have far-reaching consequences, impacting various aspects of society and causing significant disruption.
It does not require an organized group to execute attacks: Unlike traditional warfare that often requires organized military units, cyber attacks can be carried out by relatively small teams or even individual actors.
This flexibility allows governments to engage in offensive cyber operations without the need for a large-scale military structure.
It's important to note that the decision to engage in state-sponsored cyber warfare is a complex matter influenced by geopolitical factors, national security concerns, and strategic objectives.
The reasons listed above are some potential motivations, but there may be other factors specific to each government's context and goals.
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Case #1: Blue Sky Surf Shop-Twenty-One lears of Surfing and Still Going Strong Blue Sky Surf Shop in St. Augustine, Florida, is owned and operated by husband and wife Dave and Nancy Macri. After surfi
Blue Sky Surf Shop in St. Augustine, Florida is owned and operated by the husband and wife duo, Dave and Nancy Macri. The shop has been around for over 21 years and is one of the best in town.
The surf shop has become an icon in the surf community. The business has an excellent reputation and is known for its quality products, excellent customer service, and dedication to the sport of surfing. The Macris have created a place where surfers of all skill levels can come and feel at home.
The Blue Sky Surf Shop is located in the heart of St. Augustine, and the shop offers a wide variety of surfing products, including surfboards, wetsuits, board shorts, rashguards, and more. The shop also offers surf lessons, which is a great way for beginners to learn the sport.
The staff at Blue Sky Surf Shop is knowledgeable and friendly and is always willing to help customers find what they need. The Macris have worked hard over the years to build their business and create a sense of community among surfers in St. Augustine.
They have been successful in their efforts, and the Blue Sky Surf Shop is a place where surfers come not just to buy products but also to connect with others who share their passion for surfing. Overall, Blue Sky Surf Shop is a great place for surfers of all levels to find the equipment they need and become part of a community of like-minded individuals.
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a company exchanged land and $9,000 cash for equipment. the book value and the fair value of the land were $106,000 and $90,000, respectively. assuming that the exchange has commercial substance, the company would record equipment and a gain(loss) on exchange of assets in the amounts of: equipment gain(loss) a. $ 99,000 $ (16,000) b. $ 90,000 $ (25,000) c. $ 108,000 $ 16,000 d. $ 106,000 $ (9,000)
In this scenario, the company would record the equipment at $99,000 and a loss on the exchange of assets of $16,000. Therefore, the correct option is a) $99,000 $ (16,000).
To determine the amounts to be recorded for equipment and gain/loss on the exchange of assets, we need to compare the fair value and book value of the land.
Fair value of the land: $90,000
Book value of the land: $106,000
Since the fair value of the land is lower than its book value, there is a loss on the exchange of assets.
Calculation:
Loss on Exchange = Book Value - Fair Value
Loss on Exchange = $106,000 - $90,000
Loss on Exchange = $16,000
Now, we need to determine the amount to be recorded for equipment.
Equipment = Fair Value of the Land + Cash Paid
Equipment = $90,000 + $9,000
Equipment = $99,000
Therefore, the correct amounts to be recorded are:
Equipment: $99,000
Gain (Loss): $(16,000)
So, the correct answer is option a) $99,000 $ (16,000).
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1/The current account balance is equal to
Group of answer choices
Trade balance + services balance + capital account balance.
Trade balance + services balance - capital account balance.
Total payments made by residents of the United States to foreigners plus total payments made by foreigners to residents of the United States.
Trade balance + unilateral transfers + net investment income.
The current account balance is equal to-D. Trade balance + services balance + unilateral transfers + net investment income.
What is the reason?The statement "The current account balance is equal to" is completed by the fourth option "Trade balance + unilateral transfers + net investment income."
Option A is incorrect since it is missing "unilateral transfers."
Option B is incorrect since it has the wrong sign on "capital account balance."
Option C is incorrect since it does not include "unilateral transfers."T
he following is a breakdown of the different elements that make up the current account balance:
Trade balance: This refers to the balance of trade, which is the difference between a country's total imports and exports of goods and services.
If a country exports more than it imports, it has a positive trade balance, and if it imports more than it exports, it has a negative trade balance.
Services balance: This refers to the balance of services, which is the difference between a country's total exports and imports of services.
Similar to the trade balance, if a country exports more services than it imports, it has a positive services balance, and if it imports more services than it exports, it has a negative services balance.
Unilateral transfers: These are transfers of wealth between countries that are not associated with the provision of goods, services, or financial assets.
For example, foreign aid is a unilateral transfer.
Net investment income: This refers to the income generated from a country's investments in foreign countries minus the income generated by foreign investments in that country.
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