Answer:
$15,000
Explanation:
Calculation for the amount that should be report as goodwill
Fair Market Value of common stock issued for acquisition $400,000
(10,000 shares×$40 fair value)
Less Fair Market Value of Net Assets of Web $385,000
(ASSETS: Cash and receivables $60,000+ Inventory $175,000 +Patented technology (net) $200,000+ Land $225,000+Buildings and equipment (net)$ 75,000 - LIABILITIES $350,000)
GOODWILL $15,000
($400,000-$385,000)
Therefore the amount that should be report as goodwill will be $15,000
Create a fictitious product. Be creative — it can be anything you want, including clothing, a beverage, food, a gadget, a video game, or whatever.
Using the ten advertising strategies that are discussed in this chapter, think of a way you could use each strategy in a commercial to sell your product. Explain in detail how you would go about using each strategy to sell the product.
Answer:
A video game:
Explanation:
Target your audience: kids love videos games, and crazy colors. Grab your audiences attention
The resources used to create wealth are collectively referred to as
productivity.
the business environment.
the factors of production.
profit potential
Answer:
profit potential
Explanation:
The resources used to create wealth are collectively referred to as profit potential. The correct option is (D).
What do you mean by the profit potential?Profit potential is a measure of a company's ability to increase profits in upcoming sales and trades. I prefer to describe it as the monetization of your entire ability to generate income.
A company's ability to make a profit determines whether it can obtain bank financing, draw in investors to finance its operations, and expand.
Business collapse is imminent without adequate money or the financial resources needed to maintain and run a company.
Company, is the main objective, and for a startup without early investors or financing, profit could be the only source of funding for the business.
Therefore, the resources used to create wealth are collectively referred to as profit potential.
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Question 90.25 pts How will employers respond to an increase in the minimum wage? Group of answer choices They complain about paying the higher wages, but do not change the number of workers they employ. They expand the training opportunities offered to low-skill workers. They reduce their labor force and/or hire more experienced, skilled workers. The profits of the employers are transferred to the employees.
Answer: They reduce their labor force and/or hire more experienced, skilled workers.
Explanation:
Minimum wage is the lowest amount that employers can pay their workers legally in a country. When there's an increase in the minimum wage, in order to meet the rising cost that'll be incurred in the payment of wages and salaries, the employers will reduce their employees and terminate the contract of those with low skills or employ those that have more experience.
This is typically done in order to meet the rising cost that'll be incurred due to the minimum wage.
$400,000, and his personal bank account has a balance of $1,200. Identify the principle or assumption that best matches the situation: a. Michael's personal assets are not recorded on the Apartment Exchange's balance sheet. b. The Apartment Exchange records furniture at its cost of $9,000, not its market value of $13,000. c. The Apartment Exchange reports its financial statements in U.S. dollars. d. Michael expects the Apartment Exchange to remain in operations for the foreseeable future. a. Michael's personal assets are not recorded on the company's balance sheet:
Answer:
a. Michael's personal assets are not recorded on the company's balance sheet:
Explanation:
the question in incomplete, so I looked it up:
Michael McNamee is the proprietor of a property management company, Apartment Exchange, near the campus of Penscola State College. The business has cash of $8,000 and furniture that cost $9,000 and has a market value of $13,000. The business debts include accounts payable of $6,000. Michael's personal home is valued at $400,000, and his personal bank account has a balance of $1,200. Identify the principle or assumption that best matches the situation:
In accounting, the economic entity principle states that a company's financial records are separate and distinct from the financial records of its owners. Even though Michael is the owner of company, his personal assets should not be included in the company's financial statements.
What is accounting system
Answer:
An accounting system is the system used to manage the income, expenses, and other financial activities of a business
Answer:
An accounting system is a structured and organized set of processes, procedures, and software designed to record, analyze, and report financial transactions and information of an organization.
Explanation: An accounting system is a framework that enables businesses and organizations to track and manage their financial activities. It encompasses various components such as financial records, journals, ledgers, charts of accounts, and accounting software. The accounting system helps in recording transactions, summarizing financial data, generating financial statements, and providing insights into the financial health and performance of the entity.
By implementing an accounting system, businesses can ensure the accuracy, reliability, and transparency of their financial information. It facilitates the tracking of revenues, expenses, assets, liabilities, and equity, allowing for effective financial management, decision-making, and compliance with legal and regulatory requirements. The accounting system serves as a vital tool for monitoring cash flow, analyzing profitability, budgeting, tax planning, and facilitating audits or financial reviews.
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People most likely need to take out a mortgage when they have bad credit. are making a large purchase. are spending less than $1,000. have legal problems.
Answer:
are making a large purchase.
Explanation:
When people tend to make large purchase, that is purchase which involves huge amount, for example: new house, new car. They require help of financing as initially they are not able to pay the lump sum amount, rather paying instalment makes it easy to do so.
As for an average earning person paying instalment is easy, but paying heavy amounts in a go are not, even if someone manages to have those savings, they do not want to spend it all, rather keep them for any discrepancies.
Answer:
B: Are making a large purchase.
Explanation:
Johnson Bailey and Kailey Clark's corporation, Bailey-Clark Financial, is branching out into the field of escrow handling. They know the corporation must be licensed by the State of California. There are a total of 5 officers, trustees, and other employees who will have access to the money or negotiable securities in the possession of the corporate license, and have furnished a bond of indemnification against loss. Has the corporation fulfilled all necessary licensing requirements to work in escrow handling?
Answer: No
Explanation:
In carrying out proper work that has to do with financial claims, it is relevant to always consider all terms in place before carrying out the work. Johnson Bailey and Kailey Clark's corporation, Bailey-Clark Financial must meet the requirements in section A and B in addition and the cooperation must furnish a surety bond in some amount depending on what's considered on yearly basis on average trust fund obligations.
prepares the final accounts such as profit and loss accounts, cash flow statements and balance sheets; manages the money of the business.
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The area of accounting that provides external users with information is called _____.
a. managerial accounting
b. financial accounting
c. tax accounting
d. None of these choices are correct.
Samantha a marketing professional integrates her work with other departments daily. Relate the dependence of marketing on other core functions
Answer:
Marketing is not only much broader than selling, it is not a specialized activity at all. It encompasses the entire business. It is the whole business seen from the point of view of the final result, that is, from the customer's point of view. Concern and responsibility for marketing must therefore permeate all areas of the enterprise
Explanation:
Like any other marketing professional her marketing makes a huge impact on her other functions.
Answer:.
Explanation:
Starbucks Corporation is the premier roaster, marketer, and retailer of specialty coffee in the world, operating in 68 countries. Starbucks generates revenues through company-operated stores, licensed stores, and consumer packaged goods. In 2015, revenues from company-operated stores accounted for 79% of total revenues. Starbucks states that its retail objective is to be the leading retailer and brand of coffee and tea by selling the finest quality coffee, tea, and related products. In addition, the company strives to provide the Starbucks Experience by exemplifying superior customer service and providing clean and well-maintained stores. Part of this experience involves providing free internet service to customers while they are enjoying their food and beverages. Read the requirementsLOADING.... Requirement 1. How would the cost of internet service be reported by Starbucks and on which financial statement? The cost of internet service would be reported by Starbucks as
Answer:
Even though the information is not complete, all that we need is included in the question. Starbucks provides free internet service to their customers as part of the Starbucks Experience, therefore, the cost of providing free internet must be reported as an operating expense on the income statement. This cost must be treated similarly to any other operating expense, e.g. cleaning expenses, wages, insurance expense, etc.
Ms. Finkel has suggested that if given sufficient resources, she could redesign the production process to reduce the percentage of 16-ounce boxes of Go Bananas! that fail to meet the standard weight of banana-flavored marshmallows when the process is working properly. To what level must Ms. Finkel reduce the percentage of 16-ounce boxes of Go Bananas! that fail to meet the standard weight of banana-flavored marshmallows when the process is working properly in order for her to reduce the probability at least five of the sampled boxes fail to meet the standard to .01 or less
Explanation:
To find the probability that the sample which fails to meet the required weight or the standard weight of the marshmallows having banana flavor if the process of production is working, such that probability for the weekly sample leads to shutdown of the production if the process of the production is running properly of 1 % of the probability that at least five boxes out of the twenty five sample fails to meet the standard weight which is less than one percent that is [tex]$p(x \geq 5) \leq 0.01$[/tex]
We know that for p = 0.8, [tex]$p(x \geq 5) = 0.0452$[/tex]
Now using binomial simulation, we can determine that [tex]$p(x \geq 5) \leq 0.01$[/tex] for p = 0.0452
So the production process is to be redesigned for reducing the percentage of boxes of the Go Bananas of 16 ounces which failed to meet the required weight of the marshmallows having banana flavor if the production process is working properly to 5.42 percent.
Olympic athletes are tested to see if they are using illegal performance-enhancing drugs. suppose that urine samples are taken and analyzed and the rate of false positive results is 1%. suppose also that it is too expensive to refine the method to reduce the rate of false possible results. we do not want to accuse innocent people of using illegal drugs. what can you do to reduce the rate of false accusations even though the test always has a false positive rate of 1%. (select all that apply.)
Answer and Explanation:
Since we are not able to refine the method and therefore would continue to have a false positive which here is 1% meaning that for a 100 people tested we would have a chance that one person may have a false result- be innocent but have result guilty, to have less chance of a false positive we could collect another sample for each individual who has result guilty and test this group again. This way we would have reduced false positive if any.
According to Fiedler's contingency theory of leadership, which of the following statements is true of task-oriented leaders? Select one: a. They are more effective in favorable situations because the task is not clear to everybody. b. They are more effective in situations of moderate favorability. c. They are more effective in a situations where they have little authority over subordinates and cannot evaluate their work or reward them. d. They are more effective when a situation is highly unfavorable because a great deal of structure and task direction is needed.
Answer: They are more effective when a situation is highly unfavorable because a great deal of structure and task direction is needed.
Explanation:
According to Fiedler's contingency theory of leadership, the statement that is true of task-oriented leaders is that
they are more effective when a situation is highly unfavorable because a great deal of structure and task direction is needed.
According to Fiedler Contingency Model, there is no leadership style that can be referred to as being the best because the effectiveness of a leader is typically based on the situation.
Patagonia, a multinational sports apparel company, is planning to launch its extreme weather gear product line in Nepal and the Kingdom of Bhutan; both are considered to be emerging markets. What would you advise Patagonia to omit from consideration in crafting a strategy to enhance future profits in these two emerging markets?
Answer: Create a sales plan that aims to enhance initial sales and market penetration with low prices based on high operational costs.
Explanation:
An emerging market is the economy of acountru that's developing and therefore,.such country is becoming more engaged with the global markets due to its growth and expansion as it grows.
The advise that'll be given to Patagonia to omit from consideration in crafting a strategy to enhance future profits in these two emerging markets is to create a sales plan that aims to enhance initial sales and market penetration with low prices based on high operational costs.
Which question can help a writer analyze a prompt and develop a claim for an argumentative essay?
O Does the conclusion restate the claim?
O What is the main purpose of the essay?
O is supporting evidence included?
O is the claim clearly stated?
The question that can help a writer develop a claim for argumentative essay is " is supporting evidence included?"
What is an is an Argumentative essay?An Argumentative essay is one characterised by responding to a prompt or questions of a fellow in other to get ideas or win points from their claims.
In a good arguments, both parties are expected to come out more enlightened about the topic they argued about.
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which is a cause of system unavailability? A) natural disaster B) incomplete testing C) poor password practices D) poor physical security
Answer:
D) poor physical security
Explanation:
Answer:
A natural disaster
Explanation:
I know it seems weird but I put that and my test on Plato scored it as right
Who at Universal Studios hates FORBIDEN JURNY?
MEEEEEEEEEEEEEEEEEE
°ω°
HOW do you complete a check register?
Answer:
How to Obtain a Check Register.
Download a free template for Microsoft Excel or Google Sheets.
Order a new register from an online check printer or your bank.
Buy a register from an office supply store.
Grab a check register from the back of an old checkbook.
Build a simple register in your favorite design or spreadsheet tool.
Explanation:
Which of the following is NOT a common feature of a financial institution? A. Access to ATMS B. Paper Checks C. Direct Deposit D. Access to investment products
Answer:
D. Access to investment products
Explanation:
The reason is because I just know .
"Access to investment products" is NOT a common feature of a Financial Institution.
Financial Institution :
A financial institution is defined as a company which deals with financial as well as monetary transactions.
It includes transactions like investments, deposits, currency exchange and loans.
Some of the common features of a financial institution are paper checks, ATMs, deposits, etc.
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Which is a risk in IS development?
A. system unavailability
B client requirements
C. design complexity
D. low productivity
Answer: system unavailability
Explanation:
A risk in IS development is system unavailability or asset availability. The correct option is a.
What is system unavailability?System availability which is also known as equipment availability or asset availability is a metric that measures the probability that a system is not failed or undergoing a repair action when it needs to be used.
There are three qualifications that need to be met for a system to be available: Functioning equipment - Not out of service for repairs or inspections, Functioning under normal conditions - Operates in an ideal setting at an expected rate, Functioning when needed - Operational at any time production is scheduled. System availability is used to gauge if an asset’s production potential is being maximized, which has a direct impact on the financial health of a business. System availability is calculated by dividing uptime by the total sum of uptime and downtime.
The formula is System availability = (Actual operation time in hours / Total time in hours) * 100.
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In which of the following approaches of going green does the organization exhibit the least environmental sensitivity?
a) light green approach.
b) deep green approach.
c) market approach.
d) stakeholder approach.
Your company emphasizes the important of conserving (not wasting)
resources. How can you support that value when you print an 8-page report
you were asked to bring to your department's monthly meeting?
A. Use the Print option for two-sided printing,
B. Use the Print option to create extra copies.
Оооо
C. Post the report online before printing it.
D. Use the Save option to choose a format readers can open.
You are the American Red Cross liaison in the Emergency Operation Center and you print up a list of the location of materials necessary to outfit the shelters. Materials stored in both facilities are adequate to meet the initial needs. Both the College and the Middle School are implementing their respective plans and are establishing necessary staffing to support the shelter requirements.
What NIMS Management Characteristic is being demonstrated?
Modular Organization
Comprehensive Resource Management
Establishment and Transfer of Command
Dispatch/Deployment
Answer:
comprehensive resource
Explanation:
If 1m people are unemployed and the potential labour force is 30m, what is the unemployment rate
Answer:
total labour= 40m
unemployement rate= 1000000/40000000*100%= 2.5%
Explanation:
You have not had much experience working with this particular product line. However, a potential local supplier for this cologne does immediately come to mind. You recall that your roommate from college manages a scented soap factory in northern ohio that has been running under capacity. What is the best first step for your decision-making process?
Answer: b. Send the VP of Procurement a memo requesting more specific information about any issues with the current provider and what the company is looking for in a vendor.
Explanation:
In your case the first step would be the need to acquire more information so that you may know what the job entails and if it is something you are able to do.
To do so you should request for information from the relevant people who in this case would be the VP of procurement. Ask the VP what the company would like in a vendor as well as why the Vendor is looking for a new provider so that you may know of any issues between the Vendor and their current providers. This would also contribute to you knowing what is expected of a vendor.
Answer pleaseee I want fastly
Explanation:
Hey there!!!
Your required answer is option D.
Because, when you engage or serve others for money or salary or wage it is termed as wage employment.
Hope it helps...
In the simulation, explain how the original order results in one $22 fee, while the Wells Fargo reordering results in four $22 fees.
Answer:
In a situation in which the transactions that occurred were been arranged accordingly or just exactly the way the transaction happened which means that the customer will owe the amount of $22.
In a situation in which the transactions are been posted in descending order which is from largest transaction to the smallest transactions the customer money in his or her bank account will reduce quickly which will in turn make customer to have the amount of $88 as overdraft.
Explanation:
In a situation in which the transactions that occurred were been arranged accordingly or just exactly the way the transaction happened which means that the customer will owe the amount of $22 because based on the information given we were told that the customer original order resulted in one $22 fee which means that 1 multiply by $22 fee will give us $22 (1*22) which is the amount owe by the customer.
Secondly in a situation in which the transactions are been posted in descending order which is from largest transaction to the smallest transactions the customer money in his or her bank account will reduce quickly which will in turn make the customer to have the amount of $88 as overdraft reason been that we were been told that the reordering resulted in four $22 fee which means that four multiply by $22 fee will give us $88 (4*22).
In which of the following economic systems is the government's role greatest?
O Mixed O Traditional O Market O Command
Answer:
command has the great rolr of government
Ethical behavior is a subset of which skillset?
professional skills
technical skills
professional conduct
interpersonal skills
Answer:
C). Professional Conduct
Explanation:
Ethical behavior is characterized as the obedience of moral principles like fairness, honesty, and equity. Such behavior recognizes the individual diversity and offers equal rights and respect to the dignity and integrity of every individual. It is one of the significant aspects of 'professional conduct' which promotes professionalism, healthy work relationships, mutual understanding, and maximize the output. Thus, option C is the correct answer.
Answer: Professional conduct is the answer
Explanation:
I just took the quiz and got the answer right
