The Classified Balance Sheet as at December 31, 2021 Total assets is $973,000 and Total liabilities & shareholders equity $973,000.
Classified Balance SheetClassified Balance Sheet as at December 31, 2021 for Almway Corporation
Assets
Current assets:
Cash and cash equivalent $39,000
($63,000-$24,000)
Short term investment $89,000
($128,000-$39,000)
Accounts receivable, net of allowance $69,000
Inventory $209,000
Prepaid insurance $7,000
Total current assets $413,000
Long-term assets:
Investment
Marketable securities $39,000
Land held for sales $34,000
Restricted cash $24,000 $97,000
Property, plant, and equipment
Land $74,000
($108,000-$34,000)
Buildings $429,000
Equipment $119,000
Accumulated depreciation ($178,000)
($109,000+$69,000)
Net property, Plant, and Equipment $444,000
Intangible assets
Patents $19,000
Total assets $973,000
Liabilities and shareholder equity Equity
Current Liabilities:
Accounts payable $94,000
Interest payable $29,000
Note Payable $39,000
Current maturities of long-term debt $11,800
Total current liabilities $173,800
Long-term liabilities
Note Payable $106,200
($157,000-$39,000-$11,800)
Bonds Payable $249,000
Total long-term liabilities $355,200
Shareholders equity
Common stock $327,000
Retained earnings $117,000
Total shareholders equity $444,000
Total liabilities & shareholders equity $973,000
Therefore the Classified Balance Sheet as at December 31, 2021 Total assets is $973,000 and Total liabilities & shareholders equity $973,000.
Learn more about Classified Balance Sheet here: https://brainly.com/question/22212551
#SPJ1
A key contribution of ________ was the identification of the major functions of management which are planning, leading, organizing, and controlling. A key contribution of ________ was the identification of the major functions of management which are planning, leading, organizing, and controlling. the behavioral viewpoint
A key contribution of the administrative management was the identification of the major functions of management which are planning, leading, organizing, and controlling.
What is an administrative management?It should be noted that the administrative management is important in ensuring that the organization is moving towards the attainment of its goals.
In this case, key contribution of the administrative management was the identification of the major functions of management which are planning, leading, organizing, and controlling
Learn more about management on:
brainly.com/question/25759934
#SPJ1
The market price of airline flights increased recently. Some economists suggest that the price increased because jet fuel is much more expensive than before. As a result, they believe that, in the market for flights: a. demand decreased. b. supply increased. c. demand increased. d. supply decreased.
The economists evaluating the price increase in airline flight price most likely believe that a. demand decreased.
Why do economists believe that demand decreased?The law of demand says that people will demand more of a good when the price is lower and vice versa.
This means that with the rise in the market price of airline flights, there will be a drop in demand.
Find out more on the law of demand at https://brainly.com/question/24500422.
#SPJ12
Marla sells grapes in a perfectly competitive market. The market price for 1 ton of grapes is $1,000. Marla has 5 tons of grapes to sell. If her total variable cost is $4,600 and her total fixed cost is $400, then Marla is making a normal profit. False True
Based on Maria's variable and fixed costs as well as the market price for grapes, then Maria is making a normal profit so this is TRUE.
What is Marla's profit?This can be found as:
= (Tons of grapes to sell x Market price) - variable cost - fixed cost
Solving gives:
= (5 x 1,000) - 4,600 - 400
= $0
This is a normal profit because normal profits are defined as earning $0 net profit or breaking even.
Find out more on normal profits at https://brainly.com/question/3522161.
#SPJ1
while entrepreneur is a type of _______ role, leader is a(n) ______ role.
While entrepreneur is a type of decisional role, leader is a(n) informational role.
Why is a entrepreneur is decisional and leader is informational?An enterprenuer is faced with making decisions at every point in time, it comes with the choice of good and services to produce and sell while a leader gives instructions on what and how to do a thing.
Therefore, Whhile entrepreneur is a type of decisional role, leader is an informational role.
Learn more on leader below
https://brainly.com/question/1232764
#SPJ1
While entrepreneur is a type of decisional role, leader is a(n) interpersonal role.
Who is an entrepreneur?An entrepreneur is an individual who is responsible for making decisions regarding the control, financing and organization of a business.
Who is a leader?A leader is an individual who is either elected or appointed to oversee the activities of a particular group of people at a particular time. He must be able to interact effectively with his followers in order to ensure unity and progress.
Learn more about entrepreneur:
https://brainly.com/question/353543
#SPJ11
If buyers in this market have to wait in line to purchase this good after a $1 price ceiling is imposed, each buyer purchases only one unit of the good, and buyers in the market value their time at $8 per hour, how long will the wait have to be per remaining customer to clear the market
The waiting time will be 30 minutes because 30 minutes at $8 per hour adds $4 to the price. Therefore, making the full price equal to $5 for each buyer clears the market.
What is the price ceiling?A price ceiling is a price control mechanism by the government to intervene in the market forces of demand and supply by setting a maximum price.
While price ceilings are imposed to make prices low for consumers, it may cause shortages in the quantities supplied.
Thus, the waiting time will be 30 minutes because 30 minutes at $8 per hour adds $4 to the price.
Learn more about price ceilings at https://brainly.com/question/4120465
#SPJ12
There is a technological improvement in the production of good X. As a result, the _____________ curve for good X will shift ____________ resulting in a(n) _____________ in the equilibrium price of X and a(n) ____________ in the equilibrium quantity of X. Group of answer choices
There is a technological improvement in the production of good X, As a result, the supply curve for good X will shift resulting in a decrease in the equilibrium price of X and increase in the equilibrium quantity of X
What is Technology Improvements?Technology Improvements can be regarded as the improvements as well as enhancements, in production of a particular product.
In the production of a particular product X , once supply curve for good X shift, it will result in a decrease in the equilibrium price .
Read more on technological improvement here:
https://brainly.com/question/25110079
#SPJ12
are facial movements that convey emotional messages
By observing a person's emotions one can identify the person's emotions.
disadvantage of snob appeal
Answer:
The purpose of snob appeal is to persuade a consumer to purchase a product or service by convincing him or her that the purchase will elevate their status. By appealing to individuals' desires to be among the elite, advertisers attempt to sell their products.
For example, some different ads that illustrate snob appeal include the following:
Cigarette ads with big and tough guys smoking cigarettes makes it seem that the consumer, too, could be among the elite hearty men who smoke cigarettes.
Commercials that show men drinking a certain brand of beer attracting all of the beautiful women in a bar gives the underlying message that drinking that beer will make the consumer more attractive to women.
A food commercial that highlights parents who are "Number One" that purchase a certain food product implies that the consumer will also be a top notch parent if he or she purchases the product.
A perfume advertisement that features a woman dressed in fancy clothes and very expensive jewelry appeals to the "inner snob" by implying that a woman who wears that perfume will be equally as exquisite in appearance.
A commercial for cat food that shows a cat eating a certain brand of food in a posh house with a fancy pet dish makes the consumer feel she is treating her cat the best she possibly can by purchasing that food.
A military slogan that says, "Do you have what it takes?" is appealing to snob appeal by trying to recruit members implying that they are an elite group that has characteristics that others do not possess.
When a company is attempting to sell its services over competitors' services and states "You don't want to deal with those OTHER companies…" it is attempting to elevate its own image to be more appealing as an elite company.
A wireless phone company shows commercials of people waiting in lines to get their phones and the images of those who have the phones are of well-dressed and popular people. The phone company is making it seem extremely desirable to be a part of the group of people who are elite enough to own that phone.
A linen company features their products in an advertisement in a posh and fancy home implying that those who purchase their linens are amongst the elite.
Featuring a popular celebrity in a commercial in which she states she would never use another brand makes the product seem more appealing to the consumer.
A commercial for big screen televisions shows a large group of people watching the Superbowl and having fun, stating that "everyone will want to be at your house" implies that the purchase of the television will make the consumer popular and part of an elite group.
Explanation:
which one of the following is not an external users of accounting information
The answer choice that is not an external user of accounting information is d. All of these answers choices are external users.
What is Accounting Information?This refers to the financial statements that are used to keep records of all financial transactions.
Hence, we can see that from the complete text, there is the list of options and they are all external users because they are people outside the business.
Read more about accounting information here:.
https://brainly.com/question/27524788
#SPJ11
A customer has a problem that needs to be fixed immediately. To properly fix the problem you need to gather some information from the customer, but the customer is angry and impatient. What would you be most likely to do
In the given situation to fix the problem of the customer, their can be an adequate discussion about the problem and also the solution can be found from the available data.
Even it requires to be extremely patient and kind to handle such kind of customer. Ensure the customer about the resolving of their problem as soon as possible.
Even letting them know about the company that how much they value their customers and also always in the position of satisfying their needs and requirements.
Then collect the required data for solving the query of the customers when needful.
Thus, the problem can be solved patiently.
Learn more about Customer, here:
https://brainly.com/question/13735743
#SPJ12
Kaylie assumed the cost of the sales tax on her new (used) vehicle would be around $850. In reality, it was $725. What type of variance does this represent?
1. An unfavorable variance of $850
2. A favorable variance of $125
3. A favorable variance of $850
4. An unfavorable variance of $725
Answer:
option c
Explanation:
beacuse i know hh
Option 3. A favorable variance of $850
A favorable variance of $850 type of variance does this represent.
How do you know if a variance is favorable or unfavorable?If revenues were higher than expected, or expenses were lower, the variance is favorable. If revenues were lower than budgeted or expenses were higher, the variance is unfavorable.
A favorable variance is where actual income is more than budget, or actual expenditure is less than budget. This is the same as a surplus where expenditure is less than the available income.
Learn more about favorable variance at
https://brainly.com/question/20598983
#SPJ2
What element of a crisis management plan defines the process that should unfold once an issue or crisis is identified
The decision tree is the element of a crisis management plan.
What is the decision tree?The component of a crisis management strategy called the Decision Tree outlines the steps that should be taken once a problem or crisis has been discovered.
The Decision Tree also specifies which team members should be involved, when publishing activities should be paused, and who will determine when a crisis is finished and regular social media operations can resume.
These trees are very useful for assessing numerical data and coming to a numerically-based judgment.
Learn more about the decision tree here:
https://brainly.com/question/12975851
#SPJ4
suppose you borrow $300 for one year and pay a finance charge of $20. if you repay this loan all at once after one year, what is your average balance?
Based on the amount you borrowed and the amount you repaid, the average balance is $300.
What is the loan average balance?This can be found by:
= (Loan balance in first period + Loan balance in last period) / 2
As you paid back the loan all at once, the loan balance in the last period must have still been $300.
Average is:
= (300 + 300) / 2
= $300
Find out more on average loan balance at https://brainly.com/question/14089804.
#SPJ12
Theoretically high taxes slow the economy because
High taxes in theory would slow the economy because they redirect money from the private sector to the government and reduce consumption.
How do high taxes slow the economy?The economy grows when the private sector produces more and grows. High taxes will take money from this sector which would leave less cash for growth investment.
High taxes also reduce the amount that people have for consumption which would reduce Aggregate demand.
Find out more on Aggregate Demand at https://brainly.com/question/1490249.
#SPJ12
A distinctive competence is not a. a competitively important activity that a company performs better than its rivals. b. typically less restrictive for rivals to copy than a core competence. c. a basis for sustainable competitive advantage. d. considered as a superior internal strength. e. capable of delivering stand-out value to customers (in the form of lower prices, better product performance, or superior service).
An untrue statement on distinctive competence is that it is b. typically less restrictive for rivals to copy than a core competence.
What is distinctive competence?This refers to internal activities that a company is able to perform very well to help it meet it's goals.
While it isn't easy to copy, it is easier for rivals to copy a distinctive competence than a core competence.
Find out more on core competence at https://brainly.com/question/2949366.
#SPJ12
Owen is offered a contract to join a professional basketball team. He accepts their offer. What is TRUE about this acceptance?
A. Owen has offered his new team a consideration.
B. Owen has given his team power of attorney
C. Owen has now agreed to a living will,
D.Owen has participated in the concurrence of wills.
The truth about the acceptance of this scholarship from Owen is that Owen has participated in the concurrence of wills.
What is the concurrence of wills?
When we use this term, what is being said is that both parties involved in the contract have the same will or agreement.
This can be said that Owen and the team have the same will by getting to the same agreement.
Read more on contracts here;
https://brainly.com/question/5746834
#SPJ1
The five forces of competitive pressures do not include a. the power and influence of social/demographic trends. b. the bargaining power of suppliers and seller-supplier collaboration. c. the threat of new entrants into the market. d. the attempts of companies in other industries to win customers over to their own substitute products. e. the market maneuvering and jockeying for buyer patronage that goes on among rival sellers in the industry.
The five forces of competitive pressures do not include the power and influence of social/demographic trends.
What are the Porter's five forces?
The Porters' 5 forces is used to analyse the competitiveness among firms in an industry.
Porter's 5 forces include :
Competition in the industry : the higher the number of companies in the industry, the lower the power an individual firm possesses. For example, if an industry increases it price, a consumer can easily shift to the consumption of substitute
Potential of new entrants into the industry : If there are low barriers to entry in an industry, firms in the industry experience greater competition
Power of suppliers : the higher the number of suppliers in the industry, the higher the bargaining power of firms in the industry and the greater the power they posses
Power of customers : the larger the number of customers, the greater the power firms possess
Threat of substitute product : if there are little or no substitutes for the goods produced by companies, the greater the power the firms possess
To learn more about the porter’s five forces, please check: https://brainly.com/question/26828741
#SPJ12
Suppose the government grants a subsidy to the producers for every car produced. The change in the amount sold will be greater when:
there is a greater number of close substitutes available to the consumer
the price elasticity of demand is inelastic.
the price elasticity of demand for cars is greater
the amount of the subsidy is smaller
The change in the amount sold will be greater when the price elasticity of demand is greater than 1. (option 3).
What is price elasticity of demand?Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Demand is elastic when the coefficient of demand is greater than one. This means that for a small change in price, the quantity demanded would be greater.
To learn more about price elasticity of demand, please check: https://brainly.com/question/18850846
#SPJ1
Why should an accountant not apply for quickbooks payments on behalf of their client from within quickbooks online?.
An accountant should not apply for quickbooks payments on behalf of their client from within quickbooks online due to privacy concerns.
Who is an accountant?An accountant is an individual that's in charge of the account of a company.
In this case, an accountant should not apply for quickbooks payments on behalf of their client from within quickbooks online due to privacy concerns.
Learn more about accountant on:
brainly.com/question/9245816
#SPJ1
cardiogenic shock following ami is caused by:
Cardiogenic shock following ami is caused by:
Decreased pumping force of the heart muscle.What is Cardiogenic Shock?Cardiogenic shock is an aftermath of Acute Myocardial Infarction. It arises because of the body's sudden inability to pump a sufficient amount of blood to the vital organs of the body.
The mortality rate due to cardiogenic shock is above average.
Learn more about cardiogenic shock here:
https://brainly.com/question/23788456
#SPJ12
A shift to a more expansionary monetary policy will a. exert a stabilizing impact if the effects of the policy are felt when the economy is operating at its full-employment capacity. b. exert a stabilizing impact on the economy if the effects of the policy are felt during an economic downturn. c. help bring inflation under control. d. reduce the natural rate of unemployment.
Most time, any shift to a more expansionary monetary policy will exert a stabilizing impact on the economy if the effects of the policy are felt during an economic downturn.
What is an Expansionary monetary policy?This fiscal policy is employed by the central bank to stimulate the economy because its increases the money supply, lowers interest rates, increases demand etc.
Therefore, the Option B is correct.
Read more about Expansionary policy
brainly.com/question/546292
#SPJ12
An example of a barrier to entry is A) product differentiation. B) high profits. C) occupational licensing.
An example of a barrier to entry is (A) product differentiation.
What is Barrier to entry?
A high entrance cost or another form of barrier inhibits a fledgling company from entering a market and facing up against established companies. Government rules, the requirement for permits, and having to compete with a big company as a starting small business are all examples of entry barriers.What is product differentiation?Differentiation between products is seen to be an entry barrier.It becomes more difficult for a new business to identify a lucrative market niche when a market is oversaturated with a broad variety of related, branded, and differentiated products.What is occupational licensing?A license is needed to practice a certain profession or vocation for pay, and this type of regulation is known as occupational licensing or occupational licensure. It has something to do with job closing.Therefore, an example of a barrier to entry is (A) product differentiation.
Know more about the lucrative market here:
https://brainly.com/question/25309906
#SPJ4
One of the major disadvantages of a sole proprietorship is the: Group of answer choices Possibility of disagreements between owners. Unlimited liability the owner has for the debts of the firm. Fact that any income earned by this type of business is taxed twice. High cost of starting or ending the company.
One of the disadvantages of a sole proprietorship is the owner's unlimited liability for the company's debts.
What is a sole proprietorship?It is a business structure where there is no legal personality, ie the individual is responsible for the risks inherent in the business, profits and losses. It is an easier business to start or end, where there is no legal protection or registration.
Therefore, because of the ease of startup, sole proprietorship is an advantageous way of starting a business, and a disadvantage is the unlimited liability of the owner in the business.
Find out more about sole proprietorship here:
https://brainly.com/question/4442710
#SPJ1
A broker is concerned about the potential for litigation as a result of actions his licensees may take. He's implementing a risk management plan to reduce the level of risk his firm faces. What's the first step he should take
A broker first step should take, to identify the risk.
What is risk management?
The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management.
The risk management process is made up of five fundamental processes that are used to control risk. It starts with identify the risk, analyze the risk, prioritize the risk, treat the risk, monitor the risk.
Hence, the significance of the risk management is aforementioned.
Learn more about on risk management, here:
https://brainly.com/question/4680937
#SPJ1
Which of the following are steps in the planning process of an organization? (Check all that apply.) Multiple select question. Formulating strategies to achieve the goals Determining the organization's mission and goals Establishing organizational controls Selecting the most effective way to implement organizational strategy Improving the quality of products
The steps in the planning process of an organization include:
A. Formulating strategies to achieve the goals.B. Determining the organization's mission and goals.D. Selecting the most effective way to implement the organizational strategy.What is planning?Planning is a management function that ensures the achievement of organizational efficiency and effectiveness.
Planning usually takes place at three levels of the organization, including:
FunctionalBusinessCorporate levels.Thus, the steps in the planning process of an organization include Options A, B, and D.
Learn more about the planning function at https://brainly.com/question/3504046
#SPJ12
If a test is being used to make a dichotomous decision (e. G. , suitable or unsuitable for the job), the _____ marks the point of decision
If a test is being used to make a dichotomous decision (e. G. , suitable or unsuitable for the job), the cutting marks the point of decision.
What is the usefulness of cut off mark in a test?cut off mark in a test is been used in the selection process after the test which is very important in the point of decision.
And this will be necessary to get the good hand for the job when the test is being used to make a dichotomous decision.
Learn more about cut off mark at:https://brainly.com/question/25997960
#SPJ12
if the government imposes a per-unit tax on sales of an industry's product, then we would expect
If the government imposes a per-unit tax on sales of an industry's product, then we would expect an increase in the prices of such a commodity and a corresponding drop in demand for it if the product's demand is elastic.
What is per unit tax?Thus, it is right to state that If the government imposes a per-unit tax on sales of an industry's product, then we would expect an increase in the prices of such a commodity and a corresponding drop in demand for it if the product's demand is elastic.
There could also be a drop in the sales or supply of such products all things being equal.
Learn more about taxes at:
https://brainly.com/question/6427262
#SPJ11
why indigenous technologies are better than modern technology
Answer:
Indigenous technologies are better than modern technology because of the following reasons ;
1) It creates new employment opportunities .
2) It is much cheaper than imported technology.
3) It helps in the technological progress of developing countries which brings economic growth in nation .
4) It leads to greater encouragement for focused research.
5) It is affordable , sustainable band environment friendly.
Matilda is buying a condo from Tom and Alex Ries. She has given her agent, Manuel, earnest deposit funds in the amount of $10,000. Matilda has post-dated the check to coincide with the expiration date of offer acceptance on the contract. Do the basic trust fund regulations apply to Matilda's earnest deposit
Answer:
190887266899776543678
What is the cost gained by producing one additional unit of a good or service?
A. Market-Oriented System
B. Marginal Revenue
C. Market Structure
D. Marginal Cost
Answer:
B Marginal Revenue
Revenue is money earned from the production of goods and services.
