The four steps in accounting are: (1) identifying and analyzing transactions; (2) recording transactions in a journal; (3) posting journal data to a ledger; and (4) creating initial unadjusted trial balance.
Trial balance is what?Businesses utilize a trial balance, which is a set of credit and debit entries, to internally evaluate their dual accounting systems. Verifying that the total of all debits and credits is equal is the objective.
What is the purpose of trial balance?Trial balances are a crucial document for auditors and are used to create accounting records and other income reports. An accounting issue can be found by performing a trial balance to ensure that the ledger accounts' debit and credit columns totals match.
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according to the keynesian view, if policy makers thought the economy was about to enter an inflationary boom, which of the following would be most appropriate?
According to the Keynesian view, if policy makers thought the economy was about to enter an inflationary boom, there should be a tax increase.
Keynesian economists advocate deficit spending on labor-intensive infrastructure projects to increase employment and stabilise wages in times of economic weakness. The government would raise taxes when there was substantial demand-side growth in order to control the economy and prevent inflation. Keynes suggested that the government should decrease expenditure while raising taxes during a period of rising inflation.Keynes is frequently seen as an economist who accepted and promoted modest inflation as an unfavorable side effect of long-term, carefully controlled economic growth. According to Keynesians, the best way to get out of a recession is to implement expansionary fiscal policy. Examples include cutting taxes to encourage spending and investing or directly increasing government spending, both of which would cause the aggregate demand curve to move to the right.Thus the correct answer is tax increase.
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If Scott earns a 12 percent after-tax rate of return, $15.000 today would be worth how much to Scott in two years? Use future value of $1.(Round discount factor(s) to flve declmal places.) 9 Multple Choice $15,000. $11,955 $18,520 $18,816, None of the cholces are correct.
The answer is (d), implying that in two years, $15,000 would be worth to Scott if he receives an after-tax return of 12 percent.
$18,816.
$15,000 × (1.12)2 = $18,816 or $15,000 × 1.25440 = $18,816.
What is the method used to determine future value?
Future value represents current value times the interest rate plus one. In quantitative language, the formula is written as follows: FV=PV I + 1)n The number of interest-compounding periods that will take during the time you are calculating for is indicated by the superscript n in this formula.
The number of investment periods that will take during the time you are calculating for is indicated by the superscript n in this formula.
greater rate of return after taxes. the advantages of income deferral are increased
You require the following formula to determine the current value of any cash flow: Present value is equal to Anticipated Cash Flow times (1 plus Interest Amount). amount of time. thus for the initial year
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as the project status information is gathered and reported, it is often necessary to adjust and___.
As the project status information is gathered and reported, it is often necessary to adjust and Planning.
The process of combining concepts and resources to enable a project to accomplish its goals is known as project development. The term "development" can be a little confusing because it's commonly used to refer to the second of project management's five stages. Effective Communication. Whether it be during stakeholder meetings or project launches, project managers communicate often, Negotiation, scheduling and time management, Leadership, Technical Mastery, Risk management, analytical thinking and problem-solving. Project development is the process of organizing and distributing resources to fully develop a project or product from concept to go-live. The usual five stages of this process are discovery, allocation, kickoff, quality assurance, review, and report.
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Unhappy customers will not usually respond to incentives like company apologies, problem solutions, or restorative benefits.
False
True
Dissatisfied customers typically won't be persuaded by rewards like company apologies, problem remedies, or reparative bonuses. TRUE.
Are customers using correct grammar?Use the word customer' with an apostrophe after the letter "s" when referring to numerous clients. Use an apostrophe sparingly if a possessive signal is not necessary. By adding a "s" after the word or contraction, apostrophes can be used to indicate omitted words or contractions.
Why are consumers so important?They not only spend more money, but they also bring in more clients. Your sales agents are your customers. Actually, 56% of customers said they would recommend a company that offered excellent service to friends and family. You can keep customers that are willing to endorse your firm by giving them exceptional customer service.
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FILL IN THE BLANK. regarding union shops, a (an)___shop requires nonunion employees to pay the union sum of money equal to union fees as a condition of continuing employment. agency closed open freelance
In an open shop, non-union employees are required to pay the union an amount equal to union dues before they can keep their jobs. closed agency open for freelance.
Those who are self-employed and aren't necessarily long-term freelance employees of one employer are referred to as freelance workers. Some freelancers are represented by a business or a temporary agency that resells their services to clients; other freelancers work independently or use websites or professional associations to get work.
Although the phrase "independent contractor" would be used in a separate register of English to represent the tax and employment classifications of this sort of worker, use of the term "freelancing" may signify engagement in such sectors given its prevalence in the cultural and creative industries.
The majority of people work as independent contractors in the following fields, professions, and industries: music, writing, acting, computer programming, web design, graphic design, translating and illustrating, film and video production.
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When groups of workers receive a portion of the financial return from reducing costs and improving productivity, this is called:
Bonus
Profit sharing
Gain sharing
Stock options
When groups of workers receive a portion of the financial return from reducing costs and improving productivity, this is called Profit sharing.
Employees who participate in profit sharing programs are given the opportunity to split corporate profits at the end of the fiscal year. The more money the company makes, the more it can pay its staff. Employees are given the opportunity to share in the company's profits through a retirement program called a profit-sharing plan. Under this type of plan, also known as a deferred profit-sharing plan (DPSP), an employee receives a percentage of a company's profits based on its quarterly or annual results. In lieu of cash, employers might give stock pay to their employees. Utilizing stock or stock options allows for this. There is frequently a vesting period before an employee can receive and sell their stock compensation.
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The following statements represent different approaches to using sources. Choose the one that best describes how students should use sources when writing papers. O a. The wisdom of the ancients should be committed to memory, and the best answer to some questions is to quote traditional sayings with no need to mention the source. O b. Background on a topic can be distilled from many different sources and presented as a summary without specific quotations or precise references. c. A paper may include primarily factual claims, with little interpretation, if all of the facts are backed up with specific citations. O d. Arguments should include a blend of previous knowledge, new facts that are backed up with evidence, and the writer's own conclusions that come from interpreting the evidence.
Arguments should include a blend of previous knowledge, new facts that are backed up with evidence, and the writer's own conclusions that come from interpreting the evidence.
While the actual mention of the used source is referred to as a reference, the source is the text or other work that provides the information that is being used. These terms are somewhat interchangeable; for example, references is a term that refers to a list of sources used in an academic text in a number of reference styles. However, making a distinction between the two terms might be helpful when discussing the reference's actual purpose in the written text.
You must be able to recognize each source's type and intended use in order to use sources effectively and correctly.
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Financial information about an internal service fund should be reported in the proprietary fund financial statements and the:
The proprietary fund financial statements and the government or business operations column of the government-wide financial statements should both include financial information regarding an internal service fund (depending on which the internal service fund predominantly serves).
Usually as part of governmental activities, unless the internal service fund predominantly serves one or more enterprise funds.
On the fund statement, a single column contains information about the internal service funds. There must be an overall sum for the payment. The fund balance is shown in the government's overall statements in the government entity column.
The internal service funds are proprietary funds, which are accounted for on a flow of economic resources measurement focus, which requires full accrual accounting.
A proprietary fund is used in governmental accounting to account for activities that involve business-like interactions, either within the government or outside of it. These activities are similar to what would be found in the private sector, so the reporting resembles what would be used by a private business
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to determine whether an investment has a positive npv, you can compare the expected return on that new investment to what the financial market offers on an investment with .
To evaluate the profitability of a proposed investment or project, NPV is used in capital budgeting and investment planning.
The difference between the current value of cash inflows and withdrawals over a period of time is known as net present value (NPV).
To evaluate the profitability of a proposed investment or project, NPV is used in capital budgeting and investment planning. Using the appropriate discount rate, computations are performed to determine the current value of a stream of future payments, or NPV. Projects that have a positive NPV are generally worthwhile pursuing, whereas those that have a negative NPV are not.
The current value of a stream of payments from a business, project, or investment is determined using net present value (NPV). You must forecast the timing and volume of future cash flows, as well as choose a target.
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__________ marketing is the marketing of products to groups of customers a firm decides it can serve profitably.
Target marketing is the marketing of products to groups of customers a firm decides it can serve profitably.
Target MarketingTarget marketing is a type of marketing strategy that divides a market into segments before focusing your marketing efforts on one or a small number of these segments, which are made up of customers whose requirements and preferences most closely align with the offerings of your product or
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businesses can save time and travel expenses by remotely accessing instant information through. True or False?
Businesses can save time and travel expenses by remotely accessing instant information. This statement is true.
As with remote access and internet connectivity, the firm's resources become available to them as if they were sitting at their office desk, so they can work securely from anywhere, whether it's an airport lounge or anywhere.
Remote access enables remote users to access files and other system resources on any devices or servers that are connected to the network at any time. This increases employee productivity and enables employees to better collaborate with colleagues around the world even without traveling anywhere. A well-designed remote access strategy allows employees to perform many of their technical duties remotely.
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Place in order the events that take place in the long run, in a perfectly competitive market, when quantity supplied is greater than quantity demanded. Start by placing first item in the sequence a) Equilibrium is reached, where quantity supplied equals quantity demanded. b) Lowered price means negative economic profits. c) Negative profits are a signal to some firms to exit the market. d) As some firms exit, quantity supplied drops. e) Market surplus causes a drop in price
e) Market surplus causes a drop in price. b) Lowered price means negative economic profits. d) As some firms exit, quantity supplied drops. a) Equilibrium is reached, where quantity supplied equals quantity demanded. c) Negative profits are a signal to some firms to exit the market in order the events that take place in the long run.
What happens in the long run in a perfectly competitive market?Businesses can only make money or lose money in a market that is perfectly competitive in the near term. Profits and losses are ultimately eliminated because an endless number of businesses produce uniform, infinitely divisible items.
When marginal cost equals price, a firm is in perfect competition equilibrium. However, in addition to marginal cost and price being equal, the price must also be equal to average cost for the firm to be in long-run equilibrium.
an increase in the representative firm's costs and overall earnings that spurs the entry of new businesses.
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In the long run, monopolistically competitive firms
A) have excess capacity and produce at the minimum of average total cost.
B) charge prices equal to marginal cost.
C) produce at the minimum of average total cost.
D) have excess capacity.
Monopolistically competitive businesses eventually have excess capacity.
( Option D )
- When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition exists. A monopolistic competitive industry has minimal entry requirements, and decisions made by any one firm do not immediately affect those of its rivals.
- An illustration of a monopolistically competitive market is the restaurant sector, which is present nationwide. Most places have a large number of businesses, all of which are unique, and entry is simple. Each product has a number of comparable alternatives that are offered by various businesses, including other eateries and fast-food joints.
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which of the following statements is a standard applicable to financial statement audits in accordance with government auditing standards (the yellow book)?
The scope of an auditor's testing of compliance with laws and regulations should be reported by the auditor.
What are the standards in the Yellow Book?It explains the requirements for audit reports, the professional qualifications required of auditors, and the quality control procedures for audit organizations. These standards are used by program auditors for the federal, state, and local governments to carry out their audits and write reports.
Which guidelines apply to audits of government agencies?Standards for Government Auditing. OMB Circular A-128, Audits of State and Local Governments, and the Single Audit Act of 1984. Audits of Higher Education and Other Nonprofit Institutions, OMB Circular A-133.
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Who is most likely to have chosen a professional career path?
A. Harry has a degree in marketing and works for a
B. Isaac served an apprenticeship with a plumber.
C. Gloria got certified in TIG welding to advance her career.
D. Jane is building a company to market her new shoe design.
Answer: A
Explanation: Just did it
indicators that the local currency is also the functional currency include all of the following except:
Indicators that the local currency is also the functional currency include all of the following except the parent typically provides the financing or provides a guarantee.
A functional currency is one that is utilized in the main economic setting in which a company conducts business. This is the setting in which an entity generates and spends money most frequently. When defining the functional currency of an entity, the following key considerations should be taken into account:
The principal currency influencing retail prices (usually the currency in which prices are denominated and settled).
The money of the nation whose laws and competition have the biggest impact on retail pricing.
The principal currency affecting labor expenses and other costs of goods sold (usually the currency in which prices are denominated and settled).
The currency in which an entity keeps its operating receipts and the currency in which debt and equity instruments are issued are less important deciding factors.
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Dean Builders agrees to purchase all of its sump pump requirements for the new houses it builds from Satisfactory Sump Pump, Inc. These two business have had similar agreements the last three years, and Dean's requirements have averaged 100 sump pumps per year. This year there was an unusually wet spring and Dean's requirements doubled to 200 sump pumps. Because of the high demand for sump pumps, the market price of the pumps triples. Satisfactory Sump Pump, Inc. delivers 100 pumps at $75, the contract price. Satisfactory has exhausted its inventory and cannot deliver any more, so Dean buys the other 100 pumps from other suppliers at $225 each. Dean sues Satisfactory Sump Pump, Inc. for the additional expense. What is the most likely result?
According to the question; Satisfactory Sump Pump, Inc. wins; requirements contracts are governed by a good faith standard, and it was unreasonable for Dean to demand so many additional pumps.
What does contract mean?The contract is defined as a promise enforceable by law. The promise may be to do something or to separate from doing something. The making of a contract wants the mutual permission of two or more persons, one of them usually making a proposal and another accepting.
According to the question; Satisfactory Sump Pump, Inc. wins; requirements contracts are governed by a good faith standard, and it was unreasonable for Dean to demand so many additional pumps.
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Is a vehicle for communication – carrying merchandising messages. Can isolate and emphasize merchandise to create moods, project attitudes, teach lessons, make announcements, or present fashion statements. By controlling every elements – lighting, props, color, texture, scale, mannequins, forms, signing, and theme – displayers control communication. Is a an integral part of both store image and reputation for fashion leadership – that windows say something tangible and important that differentiates the store and its products from competitors.
Retail Theater
A. is a vehicle for communication carrying merchandising messages.
B. By controlling every element – lighting, props, color, texture, scale, mannequins, forms, signing, and theme – displayers control communication.
Isolate and emphasize merchandise
A. can isolate and emphasize merchandise to create moods, project attitudes, teach lessons, make announcements, or present fashion statements.
B. Is an integral part of both store image and reputation for fashion leadership – that windows say something tangible and important that differentiates the store and its products from competitors.
Who are Competitors?In nature, there is competition between living things that coexist in the same environment. Animals contend with one another for access to food, water, mates, and other biological resources known as competitors. Humans often fight with one another for food and mates, but in environments that are static, repetitious, or unchanging, intense rivalries frequently develop over the pursuit of wealth, power, status, and celebrity. Competition is a fundamental element of market economies and business, frequently associated with it since businesses competitors with one another for the same clients. The main goal of encouraging competition within an organization is often to meet and achieve higher quality services or improved products than the company may generate or develop.
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Question:
Mention which of the given Statements follows for retail theater and Isolate and emphasize merchandise?
Is a vehicle for communication – carrying merchandising messages.
Can isolate and emphasize merchandise to create moods, project attitudes, teach lessons, make announcements, or present fashion statements.
By controlling every element – lighting, props, color, texture, scale, mannequins, forms, signing, and theme – displayers control communication.
Is an integral part of both store image and reputation for fashion leadership – that windows say something tangible and important that differentiates the store and its products from competitors
a sample of 65 weekly reports showed a sample mean of 19.5 customer contacts per week. the sample standard deviation was 5.2. provide 90% confidence intervals for the population mean number of weekly customer contacts for the sales personnel. (9 points)
Any employee, salesperson, agent, or distributor contractually tasked with selling goods on behalf of any Person is referred to as sales personnel.
What do marketing and sales personnel do?
Sales and marketing experts use the most effective strategies for drawing clients and bringing in money for their organizations. Sales and marketing departments have separate goals and procedures, despite the fact that they both play important roles in a company and collaborate to achieve a common purpose.
Is being a salesperson a profession?
A salesperson is a person who engages in the sale of goods or services to prospective clients. Through the products they sell, they try to address the problems of their customers' prospects. Strong selling and communication abilities are essential for great salespeople.
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In auditing accounts receivable, the negative form of external confirmation request most likely would be used when:
The auditor performs a dual-purpose test that assesses the risk of material misstatement.
A small number of accounts receivable are involved, but a relatively large number of errors are expected.
Recipients are likely to return positive confirmation requests without verifying the accuracy of the information.
The assessed risk of material misstatement relative to accounts receivable is low.
In auditing accounts receivable, the negative form of external confirmation request would be used when the assessed risk of material misstatement relative to accounts receivable is low.
Option D is correct.
Account receivable:Accounts receivable is the amount owed by a customer to a company for invoiced products or services. The total amount of all receivables is included in the balance sheet as a current asset and includes invoices for items or work performed on credit to customers. Accounts receivable refers to money owed by a company's customers for goods or services received but not yet paid.
What is Accounts Receivable Entry?Accounts receivable journal entry. Accounts receivable is the amount a company owes a customer for the sale of goods or services. The journal entry used to record such credit sales of goods and services is made by debiting the customer account with a corresponding credit to the sales account.
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in order to manage their resources effectively, business must have clear organizational structures in place. True/False/No Answer provided
The given statement "In order to manage their resources effectively, business must have clear organizational structures in place." is TRUE.
The efficient planning of projects benefits from having a clear organizational structure. Project managers can quickly establish the human resources they have at their disposal; if they are insufficient, they may decide which departments and people are appropriate for help and who to approach to get that support.
There are four types of organizational structures, they are as follows:
1. functional: In a functional structure, specialists are used to group workers who do related jobs. As a result, the finance department is home to all the accountants, and the same is true for the marketing, operations, senior management, and human resources departments.
2. divisional: In a divisional structure, your business divides employees into teams according to the goods or tasks that are needed to satisfy a particular kind of client.
3. matrix: It is more difficult since a matrix structure includes components from the functional and divisional models. People are first organized into functional departments of specialization, after which they are further divided into divisional projects and products.
The team members on a matrix structure are allowed more freedom and are expected to assume greater accountability for their job. As a result, the team is more productive.
4. flat: The traditional top-down management style used by the majority of businesses is intended to be disrupted by flat organizational structures. Because of decentralized management, there is no permanent "boss." Each employee is in charge of their own destiny, which reduces formality and red tape while enhancing open communication.
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If the MPC is 3/5 then the multiplier is a. 4, so a $100 increase in government spending increases aggregate demand by $400. b. 1.5, so a $100 increase in government spending increases output by $150. c. 2.5, so a $100 increase in government spending increases aggregate demand by $250. d. 1.67, so a $100 increase in government spending increases output by $166.67.
If the MPC is 3/5 then the multiplier is a. 4, so 2.5, so a $100 increase in government spending increases aggregate demand by $250.
Option C is correct.
Calculating the problem:Marginal propensity to consume (MPC) = 3/5
= 0.6
Multiplier = 1 ÷ (1 - MPC)
= 1 ÷ (1 - 0.6)
= 1 ÷ 0.4
= 2.5
Hence, if there is an increase in the government spending by $100, then, Aggregate demand increases by:
= Change in Government spending × Multiplier
=$100 × 2.5
= $250
What does MPC do?
The Marginal Propensity to Consume (MPC) measures how much more a person spends for each dollar his income increases. MPC is calculated as the ratio of marginal consumption to marginal income. In economics, the marginal propensity to consume is a measure that quantifies induced consumption, the concept that an increase in personal consumption expenditure corresponds to an increase in disposable income.
Why is the MPC important for the economy?MPC is important because it provides useful insight into the impact of income on purchasing behavior. It helps economists and other professionals learn more about the relationship between personal income and spending that can influence economic policy.
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which of the following completes the sentence are characterized by highly interconnected people such as hobbyists bands or professional groups
Tight crowds are characterized by highly interconnected people such as hobbyists, fans or professional groups. With tight crowds some people can build innovation and make a network.
The polarized crowds, tight crowd, brand clusters, community clusters, broadcast network, and support network are the six various of conversation networks that is created by Smith, Rainie, Sheneiderman, and Himelboim. Nowadays, with the development of modern technology, people become more familiar with those social media platforms. As a result, the information transformation will be more and more various and complex inside the social media. Nowadays, we can use social media as “cloud”, information is saved by the cloud. In the storage, users give out information and also get other information from the cloud.
The missing part in the question is shown below.
Which of the following completes the sentence," ____ is/are characterized by highly interconnected people such as hobbyists, fans, or professional groups?
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1. Jackson Corp. (a U.S.-based company) sold parts to a Korean customer on December 16, 2021, with payment of 20 million Korean won to be received on January 15, 2022. The following exchange rates applied:
Date Spot Rate Forward Rate to Jan.15
December 16, 2021 $ 0.00082 $ 0.00089 December 31, 2021 0.00080 0.00083 January 15, 2022 0.00086 0.00086 Assuming a forward contract was entered into, the foreign currency was originally sold in the foreign currency market on December 16, 2021 at a:
Forward contract discount $1,400.
Forward contract premium $1,400.
Forward contract discount $600.
Forward discount premium $600.
There is no premium or discount because the fair value of the contract is zero.
The foreign currency was originally sold in the foreign currency market on December 16, 2021 at is $1,400. The correct option is (b).
According to the scenario, the foreign
currency that original sold at the market is
shown below:
= (Forward rate to Jan 15 - Spot rate) x
payment made
= ($0.00089 - $0.00082 ) x 20 million
= $0.00007 x 20,000,000
= $1,400 premium
hence, the foreign currency that originally
sold at the market is $1,400 premium
Therefore the correct option is (b).
A foreign currency is the currency used by a foreign country as its recognized form of monetary exchange. This particular currency is the only form of exchange that the applicable government allows to be used for buying and selling within its borders.
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ann chovies, owner of the perfect pasta pizza parlor, uses 30 pounds of pepperoni each day in preparing pizzas. ann works only 100 days per year so she needs to buy a total of 3,000 pounds of pepperoni for the year. order costs for pepperoni are $100 per order, and carrying costs are $.25 per pound per year. ann has a hurdle rate of 12%, and the pepperoni that ann buys from her supplier costs $5 per pound. 7. What is the EOQ for pepperoni (rounded to the nearest whole number)?
a. 740 pounds.
b. 840 pounds.
c. 940 pounds.
d. 640 pounds.
8. What is the total relevant cost (ordering cost + carrying cost) for the year (rounded to the
nearest dollar) at an order size equal to 500 pounds?
a. $512
b. $712
c. $612
d. $812
The EOQ for pepperoni rounded to the nearest whole number is 940 pounds.
Economic Order Quantity, also known as Economic Purchase Quantity, is the order quantity that minimizes the total storage and ordering costs in inventory management. He is one of the oldest classic production planning models.
Economic Order Quantity (EOQ) is a calculation that describes the ideal order size for a business to meet demand without overspending. The inventory manager calculates her EOQ to minimize warehousing costs and excess inventory.
The EOQ formula is: EOQ = [(2 x Demand x Order Cost) / Inventory Cost] Square root of demand. According to the EOQ assumption, demand remains constant. Demand indicates how much inventory is consumed in a year or how many units are sold in a year.
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which of the following is the best reason to purchase life insurance rather than annuities ? a. to create regular income payments b.to liquidate a sum of money over a lifetime c.to create an estate d.to liquidate a sum of money over a period of years
To create an estate is the best reason to purchase life insurance rather than annuities. Hence, option (c) will be the relevant option.
Give a brief account on Life insurance.An insurance policy holder and an insurer or assurer enter into a contract for life insurance (or life assurance, particularly in the Commonwealth of Nations), whereby the insurer agrees to pay a specified beneficiary a certain amount of money in the event that the policy holder passes away (often the policyholder). Depending on the contract, additional occurrences such a critical sickness or terminal disease may potentially result in payment. Regularly or all at once, the policyholder normally pays the premium. The benefits could cover additional costs, such memorial costs.
Life insurance plans are formal contracts, and each one's terms outline the exclusions that apply to the insured occurrences. Common instances include claims connected to fraud, war, riot, and civil unrest. Specific exclusions are frequently included into the contract to limit the insurer's liability. When an occurrence is not clearly defined, problems could occur, for as when the insured knowingly accepted a risk by approving a controversial medical operation or by ingesting a drug that could cause harm or death.
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Answer:
To create an estate
Explanation:
with insurance, the death benefit create an immediate estate. Should the insured die.
in noncrime situations, people often expect the police to remove someone who they believe does not belong there. in this situation, the police meet a citizen's expectation of police work by
The police uphold a social boundary in order to fulfill a citizen's expectation of police work in non crime situations. ( Option C )
- A 911 call could be made because to a noisy neighbor, trespassing concerns, or a mental health emergency. 911 is often the sole easily available option for anyone looking for any form of rapid assistance because it is the nation's helpline.
- Additionally, police are called far too frequently even though the vast majority of 911 calls have nothing to do with crime or violence.
Consequently, in non-criminal circumstances, people frequently anticipate the police to remove a person they feel does not belong there. In this instance, the police uphold social barriers in order to fulfill a citizen's expectation of police activity.
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- The complete question is :
In non crime situations, people often expect the police to remove someone who they believe does not belong there. In this situation, the police meets a citizen's expectation of police work by
A. obtaining an emergency service.
B. counterpunching.
C. maintaining a social boundary.
D. relieving an unpleasant situation.
A news headline reads, "Time for change: let free market forces determine the money supply." Which statement offers a valid claim in direct support of this headline?
Congress affects the economy through fiscal policy; controlling the money supply is unnecessary.
Congress should lose its role in fiscal policy; it often fails to influence the money supply.
The Fed is just as important as Congress, as monetary policy works differently in the economy.
The Fed should be controlled by Congress, and monetary policy should be publicly voted upon.
The statement "Congress should lose its role in fiscal policy; it often fails to influence the money supply" offers a valid claim in direct support of the headline "Time for change: let free market forces determine the money supply."
What are market forces?
Market forces refer to the complex interactions between buyers and sellers in a market, which determine the prices and quantities of goods and services that are traded. These forces include supply and demand, as well as other factors such as competition, the cost of production, and the availability of substitutes.
The headline suggests that the current system of having Congress and the Federal Reserve (the Fed) control the money supply is not effective, and that allowing free market forces to determine the money supply might be a better approach. The statement supports this idea by arguing that Congress has not been successful in influencing the money supply, and therefore should not have a role in fiscal policy.
It's worth noting that the other statements do not directly support the headline. The first statement (Congress affects the economy through fiscal policy; controlling the money supply is unnecessary) does not address the headline's suggestion that free market forces should determine the money supply. The third statement (The Fed is just as important as Congress, as monetary policy works differently in the economy) does not address the issue of whether free market forces should be allowed to determine the money supply. The fourth statement (The Fed should be controlled by Congress, and monetary policy should be publicly voted upon) suggests a different approach to determining the money supply, rather than letting free market forces determine it.
Hence, the 2nd statement offers a valid claim on the statement, "Time for change: let free market forces determine the money supply."
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the gorman group issued $860,000 of 9% bonds on june 30, 2021, for $945,110. the bonds were dated on june 30 and mature on june 30, 2041 (20 years). the market yield for bonds of similar risk and maturity is 8%. interest is paid semiannually on december 31 and june 30.
Interest is paid semiannually on December 31 and June 30, so, the Amortisation of the Premium on the Bond is $931.42.
Dec 31, 2018 Amount Interest Rate Total
Interest Expense $9,45,110.00 X 4% = $37,804.40
Cash $8,60,000.00 X 5% = $38,700.00
Amortisation of Premium on Bond = $895.60
June 30, 2019 Amount Interest Rate Total
Interest Expense $9,44,214.40 X 4.0% = $37,768.58
(945110-895.60)
Cash $8,60,000.00 X 4.5% = $38,700.00
Amortisation of Premium on Bond = $931.42
Bond yield is the profit an investor makes from a bond investment. Bonds can be bought for more than their face value, known as a premium, or for less than their face value, known as a discount. Divided by the bond's market price, the current yield represents the bond's coupon rate.
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Transactions for Fixed Assets, Including Sale The following transactions and adjusting entries were completed by Robinson Furniture Co. during a three-year period. All are related to the use of delivery equipment. The double-declining-balance method of depreciation is used. Year 1 Jan. 8. Purchased a used delivery truck for $38,400, paying cash. Mar. 7. Paid garage $170 for changing the oil, replacing the oil filter, and tuning the engine on the delivery truck. Dec. 31. Recorded depreciation on the truck for the fiscal year. The estimated useful life of the truck is 8 years, with a residual value of $8,100 for the truck. Year 2 Jan. 9. Purchased a new truck for $44,100, paying cash. Feb. 28. Paid garage $320 to tune the engine and make other minor repairs on the used truck. Apr. 30. Sold the used truck for $25,300. (Record depreciation to date in Year 2 for the truck.) Dec. 31. Record depreciation for the new truck. It has an estimated trade-in value of $7,900 and an estimated life of 7 years. Year 3 Sept. 1. Purchased a new truck for $96,000, paying cash. Sept. 4. Sold the truck purchased January 9, Year 2, for $26,800. (Record depreciation to date in Year 3 for the truck.) Dec. 31. Recorded depreciation on the remaining truck. It has an estimated residual value of $17,300 and an estimated useful life of 10 years. Required: Journalize the transactions and the adjusting entries. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations. Round your final answers to the nearest cent.
In a company's accounting records, a journal entry is used to document a business transaction. Entries for Robinson Furniture Co. are given below:
Year 1
Jan. 8. Purchased a used delivery truck for $38,400, paying cash.
Dr Truck 38,400 Cr Cash 38,400Mar. 7. Paid garage $170 for changing the oil, replacing the oil filter, and tuning the engine on the delivery truck.
Dr Maintenance expenses - Truck 170 Cr Cash 170Dec. 31. Recorded depreciation on the truck for the fiscal year. The estimated useful life of the truck is eight years, with a residual value of $8,100 for the truck.
Depreciation expense = 2 x 0.25 x $38,400 = $19,200
Dr Depreciation expense 19,200 Cr Accumulated depreciation - truck 19,200Year 2
Jan. 9. Purchased a new truck for $44,100, paying cash.
Dr Truck new 44,100 Cr Cash 44,100Feb. 28. Paid garage $320to tune the engine and make other minor repairs on the used truck.
Dr Maintenance expenses - Truck 320 Cr Cash 320Apr. 30. Sold the used truck for $25,300. (Record depreciation to date in Year 2 for the truck.)
depreciation expense = 2 x 0.25 x 4/12 x $19,200 = $3,200
Dr Depreciation expense 3,200 Cr Accumulated depreciation - truck 3,200truck sold at $25,300 - $16,000 (carrying value) = -$9,300 profit on sale
Dr Cash 25,300Dr Accumulated depreciation 22,400 Cr Profit on truck 9,300 Cr Truck 38,400Dec. 31. Record depreciation for the new truck. It has an estimated residual value of $7,900 and an estimated life of seven years.
Depreciation expense = 2 x 0.125 x $44,100 = $22,050
Dr Depreciation expense 22,050 Cr Accumulated depreciation - truck new 22,050Year 3
Sept. 1. Purchased a new truck for $96,000, paying cash.
Dr Truck three 96,000 Cr Cash 96,000Sept. 4. Sold the truck purchased January 9, Year 2, for $26,800. (Record depreciation to date for Year 3 for the truck.)
Depreciation expense = 2 x 0.125 x 8/12 x $22,050 = $3,675
Dr Depreciation expense 3,675 Cr Accumulated depreciation - truck new 3,675truck sold at $26,800 - $18,375 (carrying value) = $8,425gain on sale
Dr Cash 26,800Dr Accumulated depreciation 25,725 Cr Truck new 44,100 Cr Gain on sale - truck new 8,425Dec. 31. Recorded depreciation on the remaining truck. It has an estimated residual value of $17,300 and an estimated useful life of 10 years.
Depreciation expense = 2 x 0.1 x 4/12 x $96,000 = $6,400
Dr Depreciation expense 6,400 Cr Accumulated depreciation - truck three 6,400To know more about journal entries:
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