The maximum not unusual place remedy of public schools and universities for reason of monetary reporting is c. special-reason governments engaged in enterprise-kind activities.
The required details for Financial reporting in given paragraph
Financial reporting is the monetary effects of an enterprise which can be launched its stakeholders and the public. This reporting is a key feature of the controller, who can be assisted with the aid of using the investor family members officer if an enterprise is publicly held.
What is Included in Financial Reports?
Financial reporting normally includes the issuance of monetary statements, which encompass the profits assertion, stability sheet, and assertion of coins flows. There can also be accompanying footnote disclosures, which encompass extra element on sure topics, as prescribed with the aid of using the applicable accounting framework. In addition, a enterprise may nation any monetary statistics that it chooses to publish approximately itself on its website. it could additionally difficulty annual reviews to its shareholders.
Finally, it could difficulty a prospectus to ability buyers regarding the issuance of securities with the aid of using the enterprise.
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The maximum not unusual place remedy of public schools and universities for reason of monetary reporting is c. special-reason governments engaged in enterprise-kind activities.
The required details for Financial reporting in given paragraph
Financial reporting is the monetary effects of an enterprise which can be launched its stakeholders and the public. This reporting is a key feature of the controller, who can be assisted with the aid of using the investor family members officer if an enterprise is publicly held.
What is Included in Financial Reports?
Financial reporting normally includes the issuance of monetary statements, which encompass the profits assertion, stability sheet, and assertion of coins flows. There can also be accompanying footnote disclosures, which encompass extra element on sure topics, as prescribed with the aid of using the applicable accounting framework. In addition, a enterprise may nation any monetary statistics that it chooses to publish approximately itself on its website. it could additionally difficulty annual reviews to its shareholders.
Finally, it could difficulty a prospectus to ability buyers regarding the issuance of securities with the aid of using the enterprise.
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which of the following variables is not involved in the regulation of stroke volume?
Parasympathetic nervous activity is not involved in the regulation of stroke volume.
What factors regulate stroke volume?Preload is a fundamental regulator of stroke volume (the degree to which the ventricles are stretched prior to contracting). Preload and stroke volume will both rise as a result of an increase in the volume or rate of venous return due to the Frank-Starling law of the heart. Three variables influence the stroke volume index: Preload: The pressure the heart fills with blood at the conclusion of diastole. Contractility: The inherent power of the heart's systolic contractions.
The pressure the heart must beat against in order to pump blood during systole is known as the afterload. Social unrest and exercise induced increases in blood volume left ventricular diameter, and ventricular compliance may all contribute to improved diastolic filling, one of the physiological causes that may lead to an increased stroke volume.
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The complete question is:
Which of the following variables is NOT involved in the regulation of stroke volume?
A) ventricular contractility
B) preload
C) parasympathetic nervous activity
D) sympathetic nervous activity
E) afterload
ten year zero-coupon bonds are trading at 80% of their face values. what is the ten-year zero-coupon discount rate under annual, semi-annual, quarterly, monthly, and continuously compounding conventions?
The ten-year zero-coupon discount rate under annual is 2.23%.
Annual - Every year, each yr, every year, per 12 months, by means of the yr, as soon as a 12 months, every 12 months, per annum, year after year agencies report to their shareholders yearly.
The discount rate is the interest fee charged to commercial banks and different depository establishments on loans they receive from their nearby Federal Reserve bank's lending facility—the bargain window.
Annual Convention
r = 2.23%
Semi - Annual Convention
r = 1.12%
Quarter Convention
r = 0.5594%
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the rx drug company has just purchased a capsuling machine for $85,000. the plant engineer estimates the machine has a useful life of 5 years and no salvage value. compute the depreciation at the end of year 4 using double declining balance (ddb) depreciation.
A method for calculating accelerated depreciation used in business accounting is the double-declining balance (DDB) method. Particularly, the DDB technique depreciates assets twice as quickly as the conventional declining balance method.
In the given question,
Cost of machine = $85,000
Useful Life = 5 years
Salvage Value = 0
According to straight line depreciation method,
Depreciation = (Cost of the Machine - Salvage Value)/
Useful Life
= (76000 - 0)/5
= $15,200
Therefore, We know that, according to double declining method of Depreciation,
Depreciation rate (calculate with the use of SLM depreciation)
= Annual depreciation as SLM/Cost of the Machine after
adjustment for Salvage value
= 15200/76000 = 20%
Also,
Depreciation rate as per double declining method = 20%*2
= 40%
Now,
Depreciation (Year 1) = 76000*.40
= 30400
Depreciation (Year 2) = (76000 - 30400)*.40
= 18240
Depreciation (Year 3) = (76000 - 30400 - 18240)*.40
= 10944
Depreciation (Year 4) = (76000 - 30400 - 18240 - 10944)*.40
= 6566.40
Depreciation (Year 5) = 76000 - 30400 - 18240 - 10944 - 6566.40
= 9849.60
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A method for calculating accelerated depreciation used in business accounting is the double-declining balance (DDB) method. Particularly, the DDB technique depreciates assets twice as quickly as the conventional declining balance method.
In the given question,
Cost of machine = $85,000
Useful Life = 5 years
Salvage Value = 0
According to straight line depreciation method,
Depreciation = (Cost of the Machine - Salvage Value)/
Useful Life
= (76000 - 0)/5
= $15,200
Therefore, We know that, according to double declining method of Depreciation,
Depreciation rate (calculate with the use of SLM depreciation)
= Annual depreciation as SLM/Cost of the Machine after
adjustment for Salvage value
= 15200/76000 = 20%
Also,
Depreciation rate as per double declining method = 20%*2
= 40%
Now,
Depreciation (Year 1) = 76000*.40
= 30400
Depreciation (Year 2) = (76000 - 30400)*.40
= 18240
Depreciation (Year 3) = (76000 - 30400 - 18240)*.40
= 10944
Depreciation (Year 4) = (76000 - 30400 - 18240 - 10944)*.40
= 6566.40
Depreciation (Year 5) = 76000 - 30400 - 18240 - 10944 - 6566.40
= 9849.60
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what term is used for the ability of a product or service to perform as expected under normal conditions?
The term used for the ability of a product or service to perform as expected under normal conditions is Reliability.
Reliability is defined as the probability that it will perform satisfactorily for a specified period of time under stated conditions.
Suppose, If a car manufacturer planned to launch a specific model and after a release of the model, the product is performing well in market and and making the expected sales in a normal conditions. The product is reliable under normal conditions and have the ability to perform.
Reliability is the ability of a product or service to perform as expected under normal conditions.
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which communication strategy relies primarily on personal selling rather than mass media advertising?
A pull strategy refers to a marketing strategy that emphasizes personal selling rather than mass media advertising in the promotional mix.
The goal of the pull marketing strategy is to increase the number of consumers who want to purchase a specific good. To encourage stores to stock a product, it frequently involves persuading a buyer to actively seek it out.
Consumers will be contacted by brands that utilize pull marketing through a direct marketing campaign. The customers then buy the merchandise from a retailer. This enables the producer to meet demand from customers while also selling the goods and replenishing supplies.
This tactic normally works best when there is enough lead time for customers to compare options. This enables them to buy something without feeling compelled to act quickly.
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Determine the ending balance of each of the following T-accounts Cash Accounts Payable 190 390 110 140 Beg.Bal. 150 2,900 4,300 Beg.Bal 10,700 End.Bal End.Bal. Supplies Accounts Receivable 10,900 240 240 240 190 Beg.Bal. 4,700 Beg.Bal. 1,050 2,000 End.Bal. End.Bal. Wages Payable Cash 5,400 6,900 2,200 Beg.Bal. 790 Beg.Bal. 13,700 890 190 790 End.Bal End.Bal
End.Bal. 0 End.Bal. 280 the required answer for the given question is End.Bal. 0 End.Bal. 280.
What is T-Account cash?A collection of financial records that employ double-entry accounting are referred to informally as T-accounts. Because of the way the accounting entries are organized, the account is known as a T-account. The account title may be seen directly above the T.
A rise to the asset accounts, that include cash, receivable accounts, inventory, PP&E, and others, is often on the left side of the T Account. On the right side, however, the asset account declines.
End. Bal. 140
End. Bal. 8200
Wages Payable Cash
Beg. Bal. 790 Beg. Bal. 13700 5400
790 890 6900
190 2200
End.Bal. 0 End.Bal. 280
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Why is It difficult for a Supervisor to go from being a member of the Work Group to being the boss?
a . Lack of confidence
b. Poor time management
C . Inability to deal with"people problems"
d. Inability to balance work and family demands
It is considered difficult for a supervisor to move from being a member of the work group to being the boss because of the lack of trust.
A. Lack of confidence.What is a company?
It is an organization where people work with the purpose of producing goods and services within the market. Companies have a determined group of personnel that allow them to achieve a series of goals or objectives.
The staff is divided hierarchically, one of the top positions is that of supervisor, which is why it is considered difficult for a supervisor to go from being a member of the work group to being a boss due to the nerves at the beginning, since being the boss of a company is a great responsibility that a person has.
On the other hand it should be emphasized that the head of a company is in charge of directing and giving orders to all workers to achieve the desired objectives in the short, medium and long term.
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if the price increases by 10 percent by how much does the quantity of household
When the price elasticity value exceeds one, demand is considered to be price elastic. Here, the quantity wanted is changing by a percentage of 15, while the price is changing by a percentage of 10, indicating a price elasticity of demand of 1.5.
Therefore, an item is said to have inelastic demand if its price rises by 10% while the quantity required drops by only 5%. The demand for the product is deemed elastic in this instance since the price change is 10% but the corresponding change in quantity desired is 15%.The quantity required reduces by 10% when a product's price is raised by 15%. As a result, we may say that the product is in demand because: b. Inflexible. Demand has changed less dramatically than price, by a smaller amount.
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Accountants and auditors age receivables to primarily do which task?
To determine the most profitable customers
To help estimate the total amount of gross receivables
To determine the most profitable products
To help estimate the allowance for doubtful accounts
To help estimate the allowance for doubtful accounts is primary task of accountants and auditors.
The allowance for doubtful accounts is an offsetting account that is applied to total accounts receivable on the balance sheet and reflects only amounts expected to be paid. The allowance for doubtful accounts estimates the percentage of accounts receivable expected to be uncollectible. However, a customer's actual payment behavior may differ significantly from the estimate.
Notwithstanding our policies and procedures regarding collections, there is always the risk of non-payment when transacting with credit. Businesses should therefore manage this risk by establishing bad debt reserves and collecting bad debts. In accordance with the principles of accounting reconciliation, this ensures that expenses related to sales are recognized in the same accounting period in which the revenue is earned. Loan loss reserves also help companies better assess the true value of their receivables.
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4-Component procedures may authorize DoD Governmentwide Commercial Purchase Card Ordering Officers to make purchases up to the simplified acquisition threshold in which three of the following cases?5-When using government commercial purchase card which of the following is a prohibited purchase?6-In the event that a Cardholder reports a misplaced, lost, or stolen card or check, which of the following is true?
Component procedures may authorize DoD Governmentwide Commercial Purchase Card Ordering Officers to make purchases up to the simplified acquisition threshold in option 1, 3 and 4.
The simplified acquisition threshold (SAT), which in government securing is seen or is one that is communicated as the expected honor worth of an agreement, is the monetary number above which contracting officials are told to request and grant contracts utilizing smoothed out strategies.
Note that the Commercial Purchase Card for the Government All in all. The Buy Card is utilized as a helpful method for burning through cash while purchasing items and administrations. It is given to supported organization workers and looks like a business Mastercard in nature. It isn't equivalent to the Public authority Travel Card.
In this manner, in setting of the over, one can say that a program that deals with a part is known as a component procedure (or procedure). A part system might be utilized to introduce, eliminate, or deal with a part.
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Complete Question is -
Component procedures may authorize DoD Governmentwide Commercial Purchase Card Ordering Officers to make purchases up to the simplified acquisition threshold in which three of the following cases?
1. Using Simplified Acquisition Procedures above or below the micro purchase threshold against Federal Supply Contract vehicles
2. At or below the micro purchase threshold from any vendor
3. At or below the micro purchase threshold against Federal supply Schedule contracts, FedMall, or other ordering systems that are authorized in component procedures
4. Above or below the micro purchase threshold against contract vehicles issued for the component by a contracting officer that contain a provision authorizing order and payment by the Governmentwide Commercial Purchase Card
Potter's Violin Co. has just issued nonconvertible preferred stock with a par value of $100 and an annual dividend rate of 15.25 percent. The preferred stock is currently selling for $138.50 per share. Which rate of return does the investor expect to receive on this stock if the stock is purchased today? Round the answer to two decimal places is purchased today? Round the answer to two decimal places in percentage form.
The investor can expect to receive a return of 11.01% on this stock if the stock is purchased today
Preferred stock is a class of ownership that has priority claims to retained earnings, relative to common equity owners. Suppose the preferred stock pays a constant dividend D, and the required rate of return that is r, then the price of the preferred stock is D/r.
Dividend payment = par value * dividend rate
= 100*15.25% = $15.25.
The price of the stock = 15.25 / rate of return = 138.5, which implies that the rate of return = 11.01%.
Hence, the rate of return of the stock is 11.01%
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at the beginning of the year, meyer incorporated reports inventory of $7,800. during the year, the company purchases additional inventory for $22,800. at the end of the year, the cost of inventory remaining is $9,800. calculate cost of goods sold for the year.
The cost of good solds for the year will be $20,800. Cost of goods sold (COGS) describes the up-front expenses incurred by a business in the manufacture of the products it sells.
Since the gross profit of a company is calculated by deducting COGS from its revenues, COGS is a crucial financial statement metric. The gross profit is a profitability metric that assesses how effectively a business manages its workers and resources during the production process.
COGS is accounted for as a business expense on the income statements because it is a necessary cost of conducting business. Managers , analysts and investors can estimate the company's bottom line by knowing the cost of products sold. Net income will go down if COGS rise. Although this change is advantageous for tax considerations, the company will make less money for its owners.
In the given question
Beginning inventory = $7,800
Add: Purchases = $22,800
Cost of goods available for sale = $30,600
Less: Ending inventory = $9,800
Cost of goods sold = $20,800
Therefore, $20,800 is the required answer.
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brad has decided to increase the size of his auto repair business, although he realizes that this decision brings added risk. this is an example of what risk? multiple choice speculative managed pure insurable
The appropriate response would be "speculative risk," as it suggests that Brad is aware that his decision may carry some additional risk, but he is still acting on it because it is a sort of speculation, meaning that he may make money, lose money, or do nothing.
What is speculative risk?
Speculative risk is a type of risk that can be chosen willingly and has a profit-or-loss outcome. Every speculative risk is one that is actively chosen to be taken.
Two instances of speculative risks include betting on games of chance and stock market investing. Every one provides the opportunity to either gain money, lose money, or do neither.
Does speculative risk insurable?
Risk taken on speculation may result in loss, gain, or nothing at all. The two most prevalent examples of speculative risk are gambling and investing. Speculative risks are not seen as insurable in the regular insurance market.
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compute the face value of a 30-year fixed-rate mortgage with a monthly payment of $1,100, assuming a nominal interest rate of 9%. if the mortgage requires 5% down, what is the maximum house price?
The most expensive home is $136000.
Describe Mortage.A mortgage between you and a lender gives the lender the right to take possession of your home if you are unable to repay the loan amount plus interest.
You can utilize a mortgage loan to finance the acquisition of real estate or to borrow money against the value of your current house.
When figuring out how much you can afford, make sure to include for expenses like homeowner's insurance, property taxes, and private mortgage insurance as these are frequently included in your monthly mortgage payment. Your local tax assessor, insurance agency, and lender can provide you with estimates. It will also be easier for you to determine a fair price range for your new house if you know how much you can easily spend each month.
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cost-based pricing and markups with variable costs computer consultants provides computerized inventory consulting. the office and computer expenses are $830,000 annually and are not assigned to specific jobs. the consulting hours available for the year total 18,000, and the average consulting hour has $40 of variable costs. (a) if the company desires a profit of $250,000, what should it charge per hour? round to the nearest cent. $answer (b) what is the markup on variable costs if the desired profit is $322,000? round to the nearest whole percent. answer % (c) if the desired profit is $100,000, what is the markup on variable costs to cover (1) unassigned costs and (2) desired profit? round to the nearest whole percent. markup to cover unassigned costs answer % markup to cover desired profits answer %
Cost-based evaluating is a valuing technique used to decide the selling cost of an item founded on the expense of making that item. To arrive at the selling price, a margin known as a markup percentage is added to the total cost.
What is pricing based on costs?Simply put, cost based pricing is a pricing strategy in which a company increases the price of a product by deducting the cost of manufacturing and production. The strategy frequently involves increasing one unit's production costs by a predetermined percentage.
Cost-plus pricing or cost-based pricing?Surprisingly, cost-based pricing looks like this: adding a standard margin to the cost of a product or service after calculating its cost. If a widget costs $2.50 to make, for instance, a widget with a standard margin of 50% would cost $5.00.
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the desire for access to natural and mineral resources and the hope of many settlers for economic opportunities or religious refuge led to an increased migration to and settlement in the west.
Manifest Destiny is the desire for access to natural and mineral resources and the hope of many settlers for economic opportunities or religious refuge that led to increased migration to and settlement in the West.
Happen destiny turned into a cultural perception within the nineteenth-century u.s. that American settlers had been destined to amplify throughout North the USA. The most important ideas of show-up destiny may be traced to the authentic ideology of the 15th-Century decree of the Doctrine of Christian find out. Historian Nick Estes links the 15th-century catholic Church's Doctrine of distinguishing Christians from Non-Christians in the enlargement of European countries.
Advocates of manifest destiny claimed that growth gave people the chance to discover locations apart from the community they grew up in. This changed into not only first-rate for financial development but additionally for private advantage, spiritually, emotionally, and socially.
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What are the internal factors that affect pricing?
The price-demand relationship varies in different market classes, and how the way the buyer perceives the price affects the pricing decision. 4 types of markets .
What factors might affect the firm's decision?The company can determinate their payout ratio and the cost of capital of their equity the rest of the option are determined by either the market or the government.It should be accepted as the return is based on the division which WACC is 8% therefore, it will make a good use of the capital as is above the expected capital costIf there is pure competition: merchants in these markets do not devote much time to marketing strategy. There is no charge for the products. It is standardized.In monopolistic competition: it is within a price range, it can vary by quality, or the services that accompany it.In oligopolistic competition: they can be uniform products or not, they are constantly watched over the competition. If prices rise, buyers will quickly change them as a supplier. There are few vendors and it costs others to enter.In a pure monopoly: a market formed by a single supplier, unregulated monopolies have the freedom to set their prices, however they do not take advantage of them for several reasons, not to attract competition, fear of regulation and to penetrate the market.Demand curve: curve that shows the number of units that the market will buy in a specific period at the different prices that could be charged.Price elasticity: Measurement of the sensitivity of demand between changes in the price. It is obtained with the following formula: Elasticity of demand with respect to price = percentage of change in the amount of demand Percentage of change in price.To learn more about factors refer to:
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what describes most industrial life in the latter nineteenth century? responses eight-hour day, guaranteed pensions, and comfortable working conditions eight-hour day, guaranteed pensions, and comfortable working conditions skilled workers practicing their crafts for high wages and higher taxes skilled workers practicing their crafts for high wages and higher taxes equal pay for men and women, african americans and whites, and immigrants and citizens equal pay for men and women, african americans and whites, and immigrants and citizens long hours, unsafe working conditions, and hard labor
"Long hours, unsafe working conditions, and hard labor" describe most industrial life in the latter nineteenth century.
An industry is a collection of businesses that might be associated based on their primary commercial enterprise activities. In current economies, there are dozens of industry classifications. Enterprise classifications are normally grouped into larger classes called sectors.
Number one enterprise involves getting uncooked materials e.g. mining, farming, and fishing. Secondary enterprise includes production e.g. making vehicles and steel. Tertiary industries provide a carrier e.g. coaching and nursing.
The industry is an important source of job creation. Even with the u. s. a .'s monetary crisis, with enterprise being one of the sectors that suffered the maximum.
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Which of the following are included in the four quadrants of ethical and legal behavior? (Check all that apply) 3 Check All That ADDY bo Legal behavior and ethical behavior legal behavior and etical behavior ✓ Legal behavior and ethical behavior Technical behavior and ethical behavior Legal behavior and technical behavior O Security bonavior and ethical behavior
Legal behavior and ethical behavior, Illegal behavior and ethical behavior, and Legal behavior and unethical behavior are included in the four quadrants of ethical and legal behavior.
Why are ethical behaviors important to business?Honesty, justice, integrity, and understanding are all characteristics of ethical conduct. A company-wide code of ethics can be established, among other strategies, to support an ethical workplace culture. Therefore, moral behavior is the outcome of four psychological processes: moral sensitivity (recognition), moral judgment (reasoning), moral focus (motivation), and moral character (action).
The first stage in moral activity is for the person to perceive the circumstance as moral. Any employee, team lead, or supervisor in a professional situation is expected to act ethically. In their interactions with clients and their coworkers, they ought to act honestly and fairly. The company's morale and customer interactions are impacted by ethical behavior. Customers are held to the same high ethical standards.
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The correct question is:
Which of the following is included in the four quadrants of ethical and legal behavior? (check all that apply)
-Legal behavior and ethical behavior
-Technical behavior and ethical behavior
-Illegal behavior and ethical behavior
-Legal behavior and unethical behavior
- Legal behavior and technical behavior
-Security behavior and ethical behavior
Which of the following is a feature of Power Query? Change column headings so the new name appears in the
File list of a PivotTable. O Change the raw data. O Build relationships between tables. O Uses Visual Basic to
create steps for import.
Build relationships between tables is a feature of Power Query ,Change column headings so the new name appears in the File list of a Pivot Table.
Microsoft developed the data extraction, loading, and transformation (ETL) tool Power Query, which is used to retrieve data from sources, process it, and load it into one or more target systems. Power Query is a completely or partially self-service business intelligence tool that comes in a variety of forms under the Microsoft Power Platform. Excel, Power BI, Analysis Services, Dataverse, Power Apps, Azure Data Factory, SSIS, Dynamics 365, and cloud services like Microsoft Dataflows, including Power BI Dataflow used with the online Power BI Service or the somewhat more generic version of Microsoft Dataflow used with Power Automate, are examples of software that contain it.
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on october 1, 2024, a company sells $800 of gift cards to customers. the gift cards expire one year from the date of sale. by october 1, 2025, $750 of the gift cards have been redeemed and the sales recorded at the time of redemption. what adjusting entry, if any, should the company record on october 1, 2025?
Debit Deferred Revenue, $50; credit Sales Revenue, $50.
Explanation: $800 − $750 = $50.
Deferred revenue is a credit, or is it a debit?Debiting your assets and crediting your liabilities are the results of recording delayed revenue. When deferred revenue is recognized, the deferred revenue account is debited and your income statement is credited.
Does a debit cause delayed revenue to fall?As the receiver accrues income over time, it decreases (with a debit) the amount in the deferred revenue account and increases (with a credit) the balance in the revenue account (with a credit).
How is revenue from credit sales determined?Calculate the cash received before you may begin to calculate credit sales. When you have these numbers, subtract the total sales from the total cash received to get the credit sales. The credit sales are equal to the total sales minus the cash paid.
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when the price effect on revenue is greater than the output effect, marginal revenue is a. positive. this occurs with the 3rd unit of output. b. negative. this occurs with the 5th unit of output. c. positive. this occurs with the 4th unit of output. d. negative. this occurs with the 6th unit of output.
The marginal revenue curve of the monopolist is negative when the price effect is greater than the output effect.
The marginal revenue formula is what.The change in a company's total revenue is divided by the change in its total output quantity to determine the marginal revenue. The cost of a single extra item that was sold makes up marginal revenue. The formula for marginal revenue appears below: Change in Revenue / Change in Quantity equals Marginal Revenue.
How do marginal cost and income work?The volume of output and the price per unit of a product that will maximize profits are determined by the marginal cost of production and marginal revenue, two economic metrics.
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next, you prepare for the question-and-answer session that will follow your presentation. what methods help you predict what questions your audience may ask? select all that apply.
Methods help you predict what questions your audience may ask: Tell the audience in advance when you will be taking questions.
Anticipate questions in advance.
Realize that questions are a good thing.
Make eye contact with the questioner.
Always take a brief pause before launching into your answer.
Be sure that you understand the question they are asking or the point that they're making.
An audience is a group of people who participate in a show or encounter a work of art, literature (in which they are called "readers"), theatre, music (in which they are called "listeners"), video games (in which they are called "players"), or academics in any medium.
Some general examples of an audience in literature would be children, young adults, or adults. For example, The Boxcar Children series was written for an audience of children, The Hunger Games series was written for young adults, and the Broken Earth series was written for adults.
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on january 1, 2017, a-best company's balance in retained earnings was $80,000. at the end of the year, december 31, 2017, the balance in retained earnings was $94,000. during 2017, the company earned net income of $40,000. how much were dividends?
The Amos Company's retained earnings for the fiscal year that concluded on December 31, 2017 are $1,016,400.00.
The Amos started with retained earnings from the preceding year of $866,000 and subtracted depreciation net of previously unrecorded taxes to arrive at retained earnings for 2017. After adjusting retained earnings from the previous year, I added the $216,000 in net income from the previous year. Finally, I subtracted the $25,000 in dividends paid during 2017 to arrive at the closing retained earnings for 2017, which are displayed in the attachment. A statement of retained profits demonstrates changes in the portion of earnings from business operations that are payable to shareholders over the course of a fiscal year. The total Shareholders Fund on the Balance Sheet is then calculated by first adding the Balance position to the Shareholders equity. Company Amos. Report of Retained Earnings. For the year that concluded on December 31, 2017, Opening Retained Earnings of $869,00.-$16,000 less in cash dividends were paid in 2017
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Research shows we’re more careful with our money when we use _____.
Group of answer choices
Cash
Credit
Checks
Debit
Research shows we’re more careful with our money when we us Credit. The Option B is correct.
What is a Credit money?Basically, a credit means a contract agreement in which a borrower receives a sum of money or value and repays the lender at a later date, generally with interest. It also means creditworthiness or credit history of an individual or a company.
As a credit serve as a monetary claim against an individual that can be used to buy goods and services, it is carefully utilized, most especially because of the interest on it.
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what provisions in us audit standards are aimed at improving corporate governance?
The Sarbanes-Oxley Act of 2002, as amended, mandates that the Board create regulations outlining the standards of auditing and related professional practice.
Briefing:-That registered public accounting firms must adhere to when composing audit reports for issuers such as broker-dealers, public companies, and other issuers.
Which three major sets of auditing standards are there?The three categories of general standards, field work standards, and reporting standards are used to organize the 10 standards in the GAAS.
How has the Sarbanes-Oxley Act changed corporate governance in publicly traded companies and the audit profession?Additionally, the Sarbanes-Oxley Act added new guidelines for company auditing procedures. The Act specifies the standards of engagement for corporate audit committees and external auditors, among other obligations, and mandates that public firms hire independent auditors to examine their accounting procedures.
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on january 1, 20x3, poke corporation acquired 25 percent of the outstanding shares of shove corporation for $100,000 cash. shove company reported net income of $75,000 and paid dividends of $30,000 for both 20x3 and 20x4. the fair value of shares held by poke was $110,000 and $105,000 on december 31, 20x3 and 20x4 respectively. based on the preceding information, what amount will be reported by poke as income from its investment in shove for 20x4, if it used the equity method of accounting?
$18750 will be reported by poke as income from its investment in shove for 20x4, if it used the equity method of accounting.
What is investment? Also give explanation of above answer.
Income from investment = 25% * $75,000
Income from investment = 0.25 * $75,000
Income from investment = $18,750
Making an investment entails using money now in the hopes that it will appreciate later.An investment is putting capital to use, such as time, money, effort, etc., with the expectation of receiving a larger return than what was first invested.Any method or tool used to produce future income is referred to as an investment, including bonds, equities, real estate, and alternative investments.Investments often don't guarantee an increase in value; you can finish up with less money than you started with.Investments can be diversified to reduce risk, though this may reduce the amount of earning potentialTo learn more about investment
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explain how the laws of supply and demand affected african-american sharecroppers during the great depression.
African Americans' already dire economic circumstances were made worse by the Great Depression of the 1930s.
The Great Depression was what?Beginning in the United States in 1929 and extending to other nations, the Great Depression was the longest and severe economic downturn in modern history. It was characterized by steep increases in the rates of homelessness and poverty, as well as by widespread unemployment, drops in prices, and declines in industrial productivity (deflation).
What caused the Great Depression to occur?It all started with the 1929 stock market crisis, which shut down Wall Street and cost millions of investors their money. Consumer spending and investment fell in the years that followed, and as faltering businesses let employees go, industrial output and employment fell quickly.
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bishan is risk averse. this means he would consider only one of the following options, immediately rejecting all of the others. which one would bishan consider? a 50% chance of a 20% return and a 50% chance of a 20% loss a 40% chance of a 20% return and a 60% chance of a 10% loss a 40% chance of a 20% return and a 60% chance of a 15% loss a 50% chance of a 20% return and a 50% chance of a 30% loss
Bishan has a 40% chance of a 20% return and a 60% chance of a 10% loss.
What is risk averse?
Risk aversion is the tendency to avoid danger. A risk-averse investor is one who prioritizes money preservation over the potential for a higher-than-average return. Price volatility and investment risk are the same. A hazardous investment has the potential to increase your capital by two or three times. A conservative investment will grow gradually and steadily over time.
Greater stability results from fewer threats. A low-risk investment almost eliminates the potential of losing any of the initial investment and guarantees a solid but unspectacular return. Over time, a low-risk investment will frequently produce a return that is equal to or just over inflation. A high-risk investment can result in significant gains or losses.
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g what does an income statement represent? a company's total assets and liabilities on a certain date the total revenue and expenses a company used to do business over a period of time the amount of cash a company currently has in the bank the total income of a company's president or ceo
An Income statement represents An income statement (also known as a profit and loss or P&L statement) that documents a business' revenue and expenses.
The Income statement offers facts on the monetary effects of an enterprise's enterprise sports over a time frame. The earnings assertion communicates how a great deal of revenue the business enterprise generated throughout a length and what prices it incurred in reference to generating that revenue.
The income assertion displays the alternate in internet assets related to working in a commercial enterprise, as shown with the aid of sales and prices. charges may end result from a lower in belongings or growth in liabilities.
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