Answer and Explanation:
The journal entry is shown below:
a.
Wages Expense $33,000 ($55,000 ÷ 5 days ×3days)
To Wages Payable $33,000
(being wages expense is recorded)
Here wages expense is debited as it increased the assets and credited the wages payable as it also increased the liabilities
b. Wages Expenses $22000
Wages Payable $33000
To Bank $55,000
(Being payment is recorded)
Here wages expense is debited as it increased the assets, the wages payable is also debited as it decreased the liabilities and credited the bank as it decreased the assets
Your uncle is offering to sell you his T-shirt printing business for $1M. You think a multiple of 10X earnings (profit) is fair. His earnings are $69,000 per year. Should you buy it?
Grand Thornton's print ad states, "If you have a passion for accounting and want to work with others who share that passion, you might be interested in the Grant Thornton accounting firm." This ad is an example of
The printed ads of Grand Thornton is an example of corporate image advertising.
Basically, a corporate image advertising is a form of advertisement done when the firm promotes itself in order to
portray positive perceptionincrease its brand awarenessappear relevant.In conclusion, the printed ads of Grand Thornton is an example of corporate image advertising.
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Help me please
With one worker, total production is 100. When a second worker is added, total product
increases to 300. The marginal product of the second worker is ….???
100.
200.
400.
300.
Total production is 100
let the product of second worker be x
then 100+x = 300
x = 200
The marginal product of the second worker is 200
When store owners quote prices in terms of dollars, money is acting as a __________. a.) store of value b.) medium of exchange c.) unit of account d.) commodity
When store owners quote prices in terms of dollars, money is acting as a unit of account.
Money is anything that is generally chosen and accepted by a community as a medium of exchange and standard of value.
Money act as a unit of account because everything in the economy is quoted in terms of it. The price of any products or goods are quoted in terms of money.
Since there are many buyers and sellers in a country, unit of account stands as standard measurement for everyone in an economy; hence the foundation of every transaction in an economy.
Therefore, money is acting as a unit of account when store owners quote prices in terms of dollars.
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If you liquidate $3,000 of your money market mutual fund and transfer the funds to your checking account, then initially, M1 will ________ and M2 will ________. Group of answer choices
if one liquidate $3,000 of one's mutual fund and transfer them to checking account, then, the M1 will increase and M2 will not increase
Liquidation in this case refers to transfer of mutual fund to one's accessible account for personal use.
Let understand that M1 in money supply includes physical currency, demand deposits, checkable deposits.M2 in money supply includes cash, checking deposits, easily convertible near money.
In conclusion, if one liquidate $3,000 of one's mutual fund and transfer them to checking account, then, the M1 will increase and M2 will not increase
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Suppose the economy is in long-run equilibrium. If there is a sharp increase in the minimum wage as well as an increase in taxes, then in the short run, real GDP will:____.
a. rise and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be unaffected.
b. fall and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be unaffected.
c. rise and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be lower.
d. fall and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be unaffected.
Suppose the economy is in the long run equilibrium. If there is a sharp increase in the minimum wage as well as an increase in taxes then in the short run, real GDP will
fall and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be lower.Given that this economy is in the long run equilibrium. Given a sharp increase in minimum wage and taxes, then real GDP will decrease in the short run as well as the price level.
In the long run it may stay the same. But the Real GDP will definitely be lower.
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A 7-year, $1,000 par bond has an 8% annual coupon and is currently yielding 7.5%. The bond can be called in 3 years at a call price of $1,010. What is the bond yielding, assuming it will be called (known as the yield to call)?
The Yield to call is 7.30%
Par value of Bond (FV) = $1,000
Annual Coupon (A) = 8%*1,000 = $80
Years until maturity = 8
Current YTM = 7.5%
We need to calculate the Current Price of Bond (PV)
PV = 80 * (P/A, 0.075, 7) + 1000 * (P/F, 0.075, 7)
PV = $1,026.48
Call Price = $1,010
Call Period = 3 years
Yield to call = ytc
1026.48 = 80* (P/A, ytc, 3) + 1010 * (P/F, ytc, 3)
Using the trail and error method,
Yield to call = 7.30%
In conclusion, the Yield to call is 7.30%
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Which of the following is not a product design objective? Make the design easy to track for cost accounting purposes. Design a quality product. Design a product that meets customer requirements. Minimize production costs.
Amongst the options provided in the question, "Make the design easy to track for cost accounting purposes" only is not a product design objective.
Product Design
It is a process that requires cross-functional and knowledge-intensive work, which has become more demanding in today's competitive world.
It is set as one of the key strategies firms need to succeed in the market. These firms develop unique products using this process, as it provides them with the opportunity to set premium prices due to the uniqueness of the product.
Product Design Objective
For this process to succeed, the objective of the product design is, therefore, to produce goods or services with high quality, keeping the prices of the materials and the methods required to produce them at an acceptably low cost. Finally, the product must be competitive in the market in terms of its price, quality, design, and functionality. Thus making it meet the customer needs/wants.
Hence, the only point "Make the design easy to track for cost accounting purposes" is not a product design objective.
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The ________ method of setting an advertising budget typically overlooks how promotion affects sales.
Based on business management, the affordable method of setting an advertising budget typically overlooks how promotion affects sales.
What is the Affordable method in the Advertising budget?The affordable method in the advertising budget is the cheap means of making an advertisement.
However, when making cheap or affordable advertisements, most people tend to overlook the effects of promotion efforts on sales.
Hence, in this case, it is concluded that the correct answer is "Affordable method."
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Human Resources and many other departments at Walmart will use the following as a form of business communication
Human Resources as well as many other departments at Walmart usually use Accounting as a form of business communication.
Human resources can be regarded as division of a business which carry out some functions such as;
finding and screening of employees. recruitment of employees.training job applicants.administering employee-benefit programs.This department overseas the employees affairs as well as their behavior.
Therefore, they use accounting as means of communication.
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What is General training?
Answer:
The training focusing on the theoretical knowledge is called general training.
Answer:
What is General training?
General Training measures English language proficiency in a practical, everyday context.Help Plsss Ill give brainlest
Danielle is a cosmetologist who specializes in hair color. What skill might benefit Danielle in her career?
Question 10 options:
Danielle enjoys working alone.
Danielle likes math and solving puzzles.
Danielle is friendly and outgoing.
Danielle is competitive and likes sports.
What types of new products could be targeted at low-income customers in emerging economies?
The biggest advantage of emerging market investments is the potential for high growth. Diversification. International investments can be a good diversifier for your investment portfoliobecause economic downturns in one country or region, including the U.S, can be offset by growth in another.
Hope it helpsʕ·ᴥ·ʔAll Correctʕ·ᴥ·ʔThe question is about demand in a low income consumer emerging economies.
In an Emerging Economies various types of products can be sold but we are targeting low-income customers, for which we can have a limited types of products.
The products that can be sold in an emerging economy to low income customers are;
- Low priced foods, which may include instant noodles, cheap canned foods etc.
- Low priced beauty products which may include cheap makeup, and herbal skin products.
- Low priced clothes which may include cheap t-shirts and pants.
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A group of 10 golfing buddies have the following annual incomes: $32,000, $12,000, $56,000, $120,000, $10,000, $38,000, $70,000, $16,000, $20,000, $24,000. The share of income received by the lowest quintile of this income distribution is
The lowest quintile received $22,000.
Data and Calculations:
The number of golfing buddies = 10
A. = $10,000
B. = $12,000
C. = $16,000
D. = $20,000
E. = $24,000
F. = $32,000
G. = $38,000
H. = $56,000
I. = $70,000
J. = $120,000
Total - $398,000
The lowest, first, or bottom quintile is between 0 to 20%.
Thus, the lowest quintile received $22,000 ($10,000 + $12,000) from the income distribution.
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To be useful, accounting information must have the fundamental qualitative characteristics of?
Based on the following information answer question Furniture manufacture has 3 units of standard direct material allowed for one unit of output. One unit of direct material is expected to be purchased on average at $10. During the period the manufacture has produced 7000 units of output 4 units of direct materials have been used. The direct materials have been purchased at $9 per unit. The total quantities of materials purchased were 30,000 units. 1.What is a standard cost for material? 2.What will be the total inputs allowed as per the budget for actual outputs achieved? 3.What is total actual direct material used to produce actual output? 4.What is the material price variance? 5.What is the material efficiency variance? 6.What will be flexible budget variance? 7.Which one of the following items would never appear on a cash budget?
1. The standard cost for material per output unit is $30 ($10 x 3).
2. The total inputs allowed for actual outputs achieved is 21,000 units (7,000 x 3).
3. The total actual direct material used for actual output is 28,000 units (7,000 x 4).
4. The material price variance is $28,000 Favorable {($10 - $9) x 28,000}.
5. The material efficiency variance is $70,000 Unfavorable (21,000 - 28,000) x $10.
6. The flexible budget variance is $28,000 Favorable ($280,000 - $252,000).
7. The item that would never appear on a cash budget is the Depreciation Expense.
Data and Calculations:
Standard units of input materials = 3 units
Average cost of a unit of materials = $10
Total cost of 3 units = $30 ($10 x 3 per unit output
Actual production = 7,000 units
Flexible units of materials = 21,000 units (7,000 x 3)
Actual units of materials used = 28,000 units (7,000 x 4)
Actual cost of materials purchased = $9 per unit
Thus, depreciation expense does not involve a cash flow.
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2. Why do many people have a fraught relationship with money
People have a fraught relationship with money due to the anxiety that comes with it and the fear that it might run out.
People have a lot of judgment, it does not matter if they have a lot of cash or if they do not. A lot of people do not have a good relationship with money because of the fact that money makes them anxious.
A lot of insecurities are associated with money as well. Without money, people live in a lot of tension, they fear poverty. When people have money they also fear that the money would run out.
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You receive a $15,000 signing bonus from your new employer and decide to invest it for 2 years. Your banker suggests two alternatives, which both require a commitment for the full 2 years. The first alternative will earn 8% per year for both years. The second alternative earns 6% for the first year and 10% for the second year. Interest compounds annually. Which would you choose? Justify your choice by the calculations.
Answer:
8% plus 8%
Explanation:
8% plus 8% will yield 16.64% total and the 6% and 10% yields 16.60% total
Are the consequences of your decision something you can live with and feel proud of when other people find out? Why or why not?
HELP
When a consumer is making more money, the demand curve shifts to the right. Why is this?
1. What is the relationship between employment and education? Explain.
Explanation:
I don't know sore
sorry broo plz.
To help reduce firefighting in network management, a network manager should spend time on ____________ to prevent problems
Answer:
Planning and Organizing the Network and Networking Staff
Explanation:
If this helped, please give brainliest answer! Thanks!
What is one major measure of economic growth?
Answer:
yo mama
Explanation:
yo mama's so ugly, she made a blind kid cry.Which of the following defines a short-term goal?
A. tasks that you set to accomplish specific things in a short period of time
B. tasks that must be completed for a job performance evaluation
C. tasks that you must complete that require time and planning that usually take 12 months or more to complete
D. tasks that you think you need to accomplish in the future but need to start working on now
Answer:
I think its a
Not sure
Explanation:
.....
Which of the following is not a characteristic of rent controls?
Lower expenditures on maintenance
Greater availability of apartments
Fewer newly built apartment buildings
Excess demand for apartments
The greater availability of apartments is not one of the tools that can characterize rent control.
The term rent control refers to the rules and regulations that are given by the policymakers. The rent control can reduce the quality and the rental housing units.Hence the option B is correct.
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The Bruin's Den Outdoor Gear is considering a new 7-year project to produce a new tent line. The equipment necessary would cost $179 million and be depreciated using straight-line depreciation to a book value of
zero. At the end of the project, the equipment can be sold for 15 percent of its initial cost. The company believes that it can sell 28,500 tents per year at a price of $74 and variable costs of 33 per tent. The fixed costs
will be 5495,000 per year. The project will require an initial investment in net working capital of $233,000 that will be recovered at the end of the project. The required rate of return is 117 percent and the tax rate is 40
percent. What is the NPV?
add 5495,000 and 233,ooo I hope this helped
According to this question, the NPV is $519,084.61 of this project calculating through Net Present Value formula.
What is Net Present Value?Net Present value is a tool of capital budgeting which is used for financial analysis and the profitability of a project or investment.
Net Present Value is calculated by taking the difference between the present value of cash inflows and present value of cash outflows over a period of time.
For every organisation, it is an important factor to calculate this it may help to take decisions regarding the expansion of business and investment very wisely.
Therefore,
Net Present Value = Rt / (1+i) t
where,
Rt = net cash flow
i = discount rate
t = time of cash flow
So, NPV is $ 519,084.61
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Help help help help
Answer:
B
Explanation:
The answer is B because the short-run Phillips curve is unemployment. When unemployment happens, it is decreasing and not increasing.
Would you want to work for a company that has chosen to be a conscious marketer? Why or why not? Support your decision by discussing at least one positive and one negative about working for this kind of company.
Answer:
You would want to work for one because it had a lower chance of getting closed or loosing money. A positive is wiser spending. A con is not taking all the risks.
Explanation:
Hope this helps!
Jimmie is purchasing a home with a purchase price of $350,000. He has been approved for a loan with an 85% LTV. What is his down payment
Based on the information given the down payment is $52,500.
Using this formula
Down payment=(100%-Approved loan percentage)×Purchase price
Where:
Approved loan percentage=85%
Purchase price=$350,000
Let plug in the formula
Down payment=(100%-85%)×$350,000
Down payment=15%×$350,000
Down payment=$52,500
Inconclusion the down payment is $52,500.
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Which of the following financial statements is also called a profit and loss statement?
Answer:
Also known as the profit and loss statement or the statement of revenue and expense, the income statement primarily focuses on the company's revenues and expenses during a particular period.
