Answer:
The journal entry to record the sale of treasury stock would include a credit to Treasury Stock in the amount of $150.
Explanation:
Cost of treasury stock: $15 per share. This would be the cost basis of the future sales of the treasury stocks.
Hence, upon sale of the 10 shares of the treasury stock, we credit the account by:
$15 x 10 shares = $150 credit to the account.
An externality is said to exist when: individual actions are affected by external forces like the loss of U.S. jobs because of competition from abroad. individuals impose costs or benefits on others, and the market provides incentives to take these costs and benefits into account. individuals impose costs or benefits on others but have no incentive to take these costs and benefits into account. individual actions are affected by government policies (such as taxes) that are externally imposed on the market.
Answer:
Individuals impose costs or benefits on others but have no incentive to take these costs and benefits into account.
Explanation:
An externality is considered as an incentive/benefit or cost that is received or incurred by a third party. Nevertheless, they may not have control over the product or services that led to benefits or costs.
It is important to understand that Externality can be positive or negative, however, most externalities are known to be negative. Positive externalities exist only when there are benefits on both the social level and the private level. For instance, Google-map product benefits the company through profits while it helps individuals as a GPS tool.
As mentioned earlier, negative externalities are more prevalent than positive externalities, it occurs when there is a gain or benefit on the private level but a disadvantage on a social level. A typical example is pollution. While companies benefit from the products manufactured from raw materials, the waste. if disposed of inappropriately, it may pose a great threat to the environment.
Therefore, an externality is said to exist when Individuals impose costs or benefits on others but have no incentive to take these costs and benefits into account.
Both nadia and samantha are applying to insure their car against theft. nadia lives in a secure neighborhood, where the probability of theft is 10%. samantha lives in a lesser secure neighborhood where the probability of theft is 25%. both nadia and samantha own cars worth $10,000, and are willing to pay $100 over expected loss for insurance. how much would samantha be willing to pay for the insurance? a. $1100 b. $2600 c. $2500 d. $1000
Answer:
Samantha will be willing to pay $ 2,600. The right answer is B.
Explanation:
Acording to the details, the probability of loss in case of Samantha's neighborhood is 25%.
Hence, the expected loss to her will be = 25/100 * 10000 = $2500
Samantha is willing to pay $100 over her expected loss, hence the amount that Samantha be willing to pay = ($2500 + $100 ) = $2600
Samantha will be willing to pay $2600
Kyle is planning to take a roadtrip. After he makes his plans, he has to make some unexpected auto repairs. Also, he sees the price of gas has gone up. Which of these two events should Kyle consider in deciding if it is still worthwhile to go on the trip? a. the unexpected repairs and the increase in the price of gas b. the unexpected increase for repairs, but not the increase in the price of gas c. the increase in the price of gas, but not the unexpected repairs d. neither the unexpected increase in the price of gas nor the unexpected repairs
Answer:c) the increase in the price of gas, but not the unexpected repairs.
Explanation:
First thing Kyle should consider is the increase in the price of gas. This is because if he doesn't have sufficient money to buy the required amount of fuel for the trip; the unexpected repairs won't even be necessary.
Hence, Kyle should consider the increase in the price of gas, but not the unexpected repairs in deciding if it is still worthwhile to go on the trip.
Answer: Option (a) The unexpected repairs and the increase in the price of gas.
Explanation: The road trip ideally would have had a certain amount budgeted for it. Same as every other expense and bills that Kyle is responsible for.
An extra-budgetary item, that is, an item not previously factored into Kyle’s monthly or annual budget as the case may be, could result in Kyle’s inability to meet up with certain routine expenditures.
An unexpected auto repair expense and an increase in the price of gas obviously was not part of the budget. The road trip itself was already budgeted for, therefore spending more on gas for the trip and spending money on unexpected repairs simply means the cost of the road trip would increase considerably.
As explained earlier, such unexpected expenditure would result in changes in the entire budget.
If there is a provision for emergency expenses (which is what Kyle has just experienced), then he has the option of taking from such funds to take care of the auto repairs and increased cost of gas. However, if there is no provision for emergency expenses, Kyle might have to postpone or even cancel the trip.
Whichever of the options he chooses, what we do know is these two events would have an impact on his finances (and that is a major factor in planning the road trip) and for that reason he has to decide if it’s worthwhile or not.
Dobson Construction has an investment project that would cost $150,000 today and yield a one-time payoff of $167,000 in three years. Among the following interest rates, which is the highest one at which Dobson would find this project profitable?a. 7%
b. 6%
c.5%
d. 4%
Answer:
Dobson will be profitable at an interest rate ≤ 4% hence the closest answer is ( D ) Note : the investment can be profitable when the (Pv) is greater than the cost of investment
Explanation:
cost of investment project = $150000
yield time = 3 years
yield value = $167000
at what interest rate will this be profitable for Dobson construction APPLYING this equation
Pv = fv * ( 1 + i ) ^ (-n)
fv = project yield
i = interest rate
n = time ( number of years ) = 3
Pv = present value
considering all given interest rates
for i = 7% = 0.07
Pv = 167000 * ( 1.07 )^( - 3 )
Pv = 167000 * 0.8163 = $136322
for i = 6% = 0.06
Pv = 167000 * ( 1.06 )^(-3)
Pv = 167000 * 0.8396 = $140213
for i = 5% = 0.05
Pv = 167000 * (1.05)^(-3)
Pv = 167000 * 0.8638 = $144254
for i = 4% = 0.04
Pv = 167000 * (1.04)^(-3)
Pv = 167000 * 0.8890 = $148463
Note : the investment can be profitable when the (Pv) is greater than the cost of investment
Answer:
Correct answer to this question is none of them. But if you reduce the time period to 2 years the answer would be:
C) 5%.
Explanation:
First of all, let me explain that, when project goes profitable and when it is considered non-profitable or at loss.
The basic indicator is through PV or Present Value of yield calculation. So, here is the formula to calculate Present Value or PV:
PV = [tex]FV*(1+i)^{-n}[/tex]
where,
FV = Future Value
i = annual interest rate
n = period
So, if this PV of yield is greater than initial money that have been invested than project is predicted to be profitable. Let's calculate for all options.
At option a) i = 7% = 0.07
PV= 167,000* [tex](1+0.07)^{-3}[/tex]
PV = 136321.7454
At option b) i = 6% = 0.06
PV= 167,000* [tex](1+0.06)^{-3}[/tex]
PV = 140216. 4203
At option c) i = 5% = 0.05
PV= 167,000* [tex](1+0.05)^{-3}[/tex]
PV = 144260.879
At option d) i = 4% = 0.04
PV= 167,000* [tex](1+0.04)^{-3}[/tex]
PV = 148462.3919
Here, you can clearly see that, for three years time period, all of the options are incorrect as none of the interest rate gives the PV value greater than initial investment which is 150,000 dollars hence, at 3 years time period project will be at loss for all these options.
But if you reduce the time period to 2 your correct answer would be C) 5%.
the PV is higher at 5% and 4% the highest interest rate at the project is profitable is 5%
Axiom International wants to expand its operations to a country that is politically, culturally, and economically different from its home country. The firm needs to select a mode of entry which would give it access to local knowledge, allow sharing of development costs and risks, and also be politically acceptable. Which of the following modes of entry into foreign markets is most suitable for Axiom International?
A. Wholly owned subsidiary
B. Joint venture
C. Exporting
D. Greenfield investments
E. Licensing
Answer:
B. Joint venture
Explanation:
Since what Axiom needs is a mode of entry which would give it access to local knowledge, allow sharing of development costs and risks, and also be politically acceptable then joint venture would be the most suitable.
Joint venture is a businesssituation where two or more parties join resources together to accomplish a specific task
Suppose the average income of a citizen of Poland is higher than the average income of a citizen of Romania. You might conclude that a. Polish firms are faced with stricter government regulations than Romanian firms. b. total income is divided among fewer workers in Poland since it has a smaller labor force than Romania. c. Romania's climate allows for longer growing seasons and therefore Romania can produce large quantities of grain and other crops. d. productivity in Poland is higher than in Romania.
Answer:
D
Explanation:
Suppose the average income of a citizen of Poland is higher than the average income of a citizen of Romania. You might conclude that productivity in Poland is higher than in Romania.
The while it's possible that productivity differences (option d) contribute to varying income levels, making definitive conclusions about the economic situation of two countries based solely on the comparison of average income is overly simplistic.
The conclusion that the average income of a citizen of Poland is higher than the average income of a citizen of Romania does not directly lead to any of the options provided (a, b, c, or d).
Let's break down each option:
a. **Polish firms are faced with stricter government regulations than Romanian firms:**
Income levels are influenced by various factors, including the overall economic environment, education, technology, and workforce productivity.
While government regulations can play a role in economic performance, making a direct link between average income and government regulations would be an oversimplification.
b. **Total income is divided among fewer workers in Poland since it has a smaller labor force than Romania:**
This conclusion does not necessarily follow.
The size of a labor force alone doesn't determine average income.
The productivity of the labor force, the type of industries, and other economic factors are equally if not more important.
c. **Romania's climate allows for longer growing seasons and therefore Romania can produce large quantities of grain and other crops:**
Climate and agricultural productivity can be relevant to a country's economy, but they are not the sole determinants of average income.
Income depends on a variety of economic activities beyond agriculture.
d. **Productivity in Poland is higher than in Romania:** This could be a plausible explanation for the difference in average income.
Higher productivity often leads to higher wages and income levels.
However, other factors like the structure of the economy, education levels, and technological advancements also play a significant role.
It's important to consider a wide range of economic, social, and political factors when analyzing such differences.
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A future taxable amount means taxable income will be _______ relative to pretax accounting income, whereas a future deductible amount means taxable income will be ______ relative to accounting income Multiple Choice Decreased; decreased Increased: increased Decreased; increased
Answer:
Increased, Decreased
Explanation:
The reason is that when the taxable income increase this means that the business is earning more and if the business is earning more then this means that the business is paying more in taxes which is percentage of the profit earned by the business. So taxable income will increase in future due to increase in taxable income.
The tax allowed dedutions lessens the taxable income which means its increase in future will lessen the taxable income and as a result lower taxes would be paid in the future. So taxable income will decreased as a result of increase in the tax allowed deductions.
Answer:
Increased
Decreased
Explanation:
A future taxable amount mostly arise due to temporary difference that arise when related assets or liability is recovered or settled.
The temporary difference that arise when related asset or liability is recovered could also lead to future deductible amount.
What distinguish future taxable amount and future deductible amount is that future taxable amount will increase taxable income relative to pretax accounting while future deductible amount decreases taxable income relative to pretax financial income in future periods.
A person is asked if he has traveled abroad in the last six months. He replies that he has not. The interviewer thanks him and decides not to include him in her study. Which of the following supplemental documents might have indicated to the interviewer to exclude him from the study?
A. Rating cards,
B. Screening question forms,
C. Interviewer instructions,
D. Quota sheets,
E. Supervisor instructions
Answer:
correct option is B. Screening question forms,
Explanation:
In most cases, this is a screening form that excludes the interviewer from the interviewer screen based on a specific selection criteria. However, it is a mix of supervisor instructions that can set up screening questions.
so correct option is B. Screening question forms,
Imagine you are considering which type of career you want. which of these would be most important to your design to your decision about wether to choose this career? check all that apply.
a) tasks performed
b) work environment. including hours worked
c) pay
d) number of jobs available
e) projected industry
f) education required
If frost in Florida reduces the quantity of vegetables sold by 20 percent and increases their retail price by 30 percent, one can conclude that: Multiple Choice the supply of vegetables has shifted to the left along an elastic demand curve. the supply of vegetables has shifted to the left along an inelastic demand curve. the demand has shifted to the right along a perfectly inelastic supply curve. the demand has shifted to the right along a perfectly elastic supply curve.
Answer: The supply of vegetables has shifted to the left along an inelastic demand curve
Explanation: The quantity of vegetables sold has been reduced by 20 percent, which simply means the aggregate market supply curve has experienced a drop/decrease and that is usually indicated by a complete shift of the supply curve to the left.
Furthermore, we can determine easily if the demand is elastic or inelastic, since the question has stated the percentage change in quantity demanded as 20% and the percentage change in price as 30%.
The coefficient of elasticity is calculated as
E = %change in quantity demanded/%change in price
E = 20/30
E =0.66
Since the coefficient of elasticity is less than 1, then it means demand is inelastic.
Answer:
the supply of vegetables has shifted to the left along an inelastic demand curve.
Explanation:
We need to determine the price elasticity of demand (PED) for vegetables:
PED = % change in quantity / % change in price = 20% / 30% = 0.67
PED = 0.67, it is price inelastic
When the supply decreases, that means that the supply curve shifts to the left. This leftward shift will decrease the quantity supplied at every price level. In this case, since the PED of vegetables is inelastic, then we can assume that the leftward shift of the supply curve was along a segment of the demand curve that is inelastic.
Horatio inc. has three divisions which are operated as profit centers. actual operating data for the divisions listed alphabetically are as follows. (a) compute the missing amounts. operating data women's shoes men's shoes children's shoes contribution margin $337,500 $ (3) $225,000 controllable fixed costs 125,000 (4) (5) controllable margin (1) 112,500 118,750 sales 750,000 562,500 (6) variable costs (2) 400,000 312,500
Answer:
HORATIO INC.
DIVISIONAL PERFORMANCE STATEMENT
Women's shoes Men's shoe Children's shoe
Sales $750,000 $562,500 (6)$537,500
less: Variable Cost (2) 412,500 400,000 312,500
Contribution margin 337,500 (3) 162,500 225,000
Controllable fixed cost 125,000 (4) 50,000 (5) 106,250
Controllable margin (1) 212,500 112,500 118,750
Workings
1. controllable margin = contribution margin - controllable fixed cost
= 337,500 - 125,000 = 212,500
2. contribution margin = sales - varable cost
337,500 = 750,000 - variable cost
variable cost = 750,000 - 337,500 = 412,500
3. contibution margin = 562,500 - 400,000 = 162,500
4. controllable fixed cost = contribution margin - controllable margin
= 162,500 - 112,500 = 50,000
5. controllable fixed cost = 225,000 - 118750 = 106,250
6. sales = contribution margin + variable cost
= 312,500 + 225,000 = 537,500
Explanation:
Actual operating data for the divisions listed alphabetically are Women's Shoes: - Controllable Margin: $212,500 (1) - Variable Costs: $412,500 (2) Men's Shoes: - Contribution Margin: $162,500 (3) - Controllable Fixed Costs: $50,000 (4) - Children's Shoes: - Controllable Fixed Costs: $106,250 (5) - Sales: $537,500 (6)
To compute the missing amounts for Horatio Inc.'s divisions, we use the following formulas:
1. **Contribution Margin** = Sales - Variable Costs
2. **Controllable Margin** = Contribution Margin - Controllable Fixed Costs
Given data:
- Women's Shoes:
- Contribution Margin: $337,500
- Controllable Fixed Costs: $125,000
- Controllable Margin: (1)
- Sales: $750,000
- Variable Costs: (2)
- Men's Shoes:
- Contribution Margin: (3)
- Controllable Fixed Costs: (4)
- Controllable Margin: $112,500
- Sales: $562,500
- Variable Costs: $400,000
- Children's Shoes:
- Contribution Margin: $225,000
- Controllable Fixed Costs: (5)
- Controllable Margin: $118,750
- Sales: (6)
- Variable Costs: $312,500
Let's compute the missing amounts:
Women's Shoes
1. **Controllable Margin**: \( 337,500 - 125,000 = 212,500 \) (1)
2. **Variable Costs**: \( 750,000 - 337,500 = 412,500 \) (2)
Men's Shoes
1. **Contribution Margin**: \( 562,500 - 400,000 = 162,500 \) (3)
2. **Controllable Fixed Costs**: \( 162,500 - 112,500 = 50,000 \) (4)
Children's Shoes
1. **Sales**: \( 225,000 + 312,500 = 537,500 \) (6)
2. **Controllable Fixed Costs**: \( 225,000 - 118,750 = 106,250 \) (5)
Multimarket competition occurs when firms: a. compete against each other in several geographic or product markets. b. sell different products to the same customer. c. have a high level of awareness of their competitors' strategic intent. d. simultaneously enter into an attack strategy.
Answer:
A. compete against each other in several geographic or product markets.
Explanation:
Different geographic or product markets often possess different challenges for producers to sell their product. This happen because different cultutres, climate, and social conditions tend to create different needs for the customers.
This is why business experts refers to it as 'multi-market competition'. Even though these companies sell similar product, they require different approach/strategies in order to win over different customers in these markets.
Example for this would be Pepsi and coca cola. They sell similar products world wide, not just in united states. Their competition require them to learn the cultures and customers characteristics from different countries as their target market.
`
Perry Corporation manufactures two models of office chairs, a standard and a deluxe model. The following activity and cost information has been compiled: Product Number of Setups Number of Components Number of Direct Labor Hours Standard 12 8 255 Deluxe 28 12 245 Overhead costs $52,000 $78,000 Number of setups and number of components are identified as activity-cost drivers for overhead. Assuming an activity-based costing system is used, what is the total amount of overhead costs assigned to the standard model? Group of answer choices $45,600 $47,400 $46,800 $49,200
Answer:
$46,800
Explanation:
Total overhead costs based on traditional systems of both products are: $52,000 +$78,000 = $130,000
Assuming that Perry Corporation applies the activity-based (setups and components) costing system instead of the traditional one, the overhead cost for the standard model can be calculated as following:
+) Overhead cost of each setup (for both products) = $52,000/(12 + 28) = $1,300
+) Overhead cost of each components (for both products)
= 78,000 / (8+12) = $3,900
=> Total overhead costs using activity - based costing system is:
Total overhead costs = 1,300 x Number setups needed for standard model + 3,900 x Number of components needed for standard model
= 1,300 x 12 + 3,900 x 8
= $46,800
Mclaren Corp. incurred the following costs to acquire and prepare land during 2016 for a new parking lot: purchase price for land, $800,000; cost to clear the land, $30,000; cost of paving, $40,000; and lighting for the parking lot, $20,000. How much should Mclaren Corp. record in the Land Improvements account?
Answer:
800000 I OP if too u
Explanation:
because
1. Money to Invest $1,000.00 Return 2% Gain(Loss) $20.00, What woul
be the Total? *
Answer:
Total gain = $(1000 + 20) = $1020
Total loss = $(1000 - 20) = $980
Explanation:
Amount Invested = $1,000
Gain(loss) = 2% = 0.02 × 1000 = $20
Total gain = Amount invested + gain
Total gain = $(1000 + 20) = $1020
Total loss = Amount invested - loss
Total loss = $(1000 - 20) = $980
Strength and Fitness Gym provides its clients with personal training sessions, small group exercise classes, fitness machines and weights to use, and a separate kids' gym with day care specialists, so members can bring their children to the gym with them. These items are most closely associated with the ________ aspect of the marketing mix.
Answer:
product
Explanation:
The product aspect of the marketing mix strategy refers to the decision of the company about the products and services, including types, quality, branding... As it can be seen, the training sessions, exercise classes or machines, weights... that the Gym provides its clients are the main products and services of the business that the clients go to the Gym to look for.
The political business cycle refers to the possibility that
The political business cycle refers to the government's use of fiscal policy to influence the economy in line with their political goals.
Explanation:The political business cycle refers to the possibility that the government may use fiscal policy to influence the economy in a way that aligns with their political goals. This can result in shifts in aggregate demand and aggregate supply, leading to business cycles of recession and recovery. For example, the government may choose to increase spending or reduce taxes during an election year to stimulate the economy and gain political support.
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What is the dirty price of a bond? the bond's price less an adjustment for changes in interest rates the bond's price based only on the bond's yield the bond's price based only on coupon payments the bond's actual cash price
Answer:
The dirty price of a bond is referred to:
The actual price of the bond.Also the cash flows in futureand its values.Explanation:
Dirty price of bond: The dirty price of bond is referred to the actual and present value of the bond.
Also is referred to the present value of the bonds or the future cash flows.
In financial terms a dirty price of bond is said to be the bond's price which is including all the interests which has been added up since the most recent payment of the coupon.
Price quote of a bond: The price quote of a bond is referred to bond's clean price as it does not affects or reflects on all the interests which have been calculated for the bond since of its most recent coupon payment.
Bonds gets always quotes in terms of clean price but the financial investos always pay them in terms of Dirty price until the bond has to be purchased on the given date of coupon's payment.
CarryOn, a manufacturer and seller of luggage and briefcases, has found marketing research indicates durability is the attribute that consumers most desire in their products. CarryOn now emphasizes durability in all of their promotional efforts. This strategy is intended to build brand equity.
A. True
B. False
Final answer:
Emphasizing durability in promotional efforts, as CarryOn is doing, is intended to build brand equity by establishing a reputation for quality and differentiating their products from competitors, aiming for long-term customer loyalty.
Explanation:
If CarryOn, a manufacturer and seller of luggage and briefcases, has found through marketing research that durability is the most desired attribute by consumers for their products, and they now emphasize durability in all their promotional efforts, this strategy could indeed be aimed at building brand equity. Customers tend to associate longevity and dependability with high-quality brands, as evidenced by historical instances where companies tried to sell less durable goods but faced competition from new entrants offering longer-lasting products. By emphasizing durability, CarryOn is likely to create a reputation for quality that can differentiate its merchandise from competitors, implying a commitment to stand behind their products, potentially offering substantial warranties as a testament to their confidence in the product's longevity. Moreover, strong brand equity is vital not just for commanding higher prices but also for long-term customer loyalty, which is enhanced through consistent advertising and the assurance of quality.
Edible exclamation mark is a specialty popcorn store. It offers two varieties of popcorn: plain and flavored. The flavors range from Caramel Popcorn to Dark Chocolate Drizzled Popcorn to White Cheddar Popcorn. The plain popcorn sells for $ 1.80 per box and costs $ 0.20 per box to make. The flavored popcorn sells for $ 3.95 per box and costs $ 2.60 per box to make. Edible exclamation mark has fixed costs per month of $ 3 comma 374. Edible exclamation mark sells 1 box of plain popcorn for every 4 boxes of flavored popcorn. How many boxes of plain popcorn and how many boxes of flavored popcorn must Edible exclamation mark sell each month to break even?
Answer:
plain popcorn = 482 boxes
flavored popcorn= 1,928 boxes
Explanation:
Break-Even Point is the Level of Activity or Sale where a firm makes neither a Profit nor a Loss.
Break - Even Point in Quantities = Fixed Cost / Contribution per unit
For our Scenario we use the following :
Total Fixed Cost = $3,374
Contribution per Unit
There is a product mix of 1:4
Contribution plain popcorn = ($ 1.80-$ 0.20)× 1 = $1.60
Contribution flavored popcorn = ($ 3.95-$ 2.60)× 4 = $5.40
Total Contribution per Unit = $7.00
Break - Even Point in Quantities = Fixed Cost / Contribution per unit
= $3,374/ $7.00
= 482 boxes
Break-even
plain popcorn = 482 boxes × 1
= 482 boxes
flavored popcorn= 482 boxes × 4
= 1,928 boxes
A CEO made a lot of mistakes in assessing the market and the competitive conditions and improperly redesigning the organization into numerous business units. Such errors led to significant performance declines. According to the text, this example illustrates the ________ perspective of leadership.
Answer:
B. romantic
Explanation:
Based on the scenario being described within the question it can be said that the romantic perspective of leadership. This is a view which describes a situation in which the individual leader is the sole determining factor of the organizations success or failure. Such as in this case since the company's failure rests solely on the actions of the CEO.
A common rule is that housing plus other debt should not be more than 36% of your monthly income. Your monthly income is $4300 and you have student loan payments of $312 per month. How much can you spend on housing?
Answer:
Amount to be spent on housing = $1,236
Explanation:
The amount that can be spent on housing
let y represent the amount to be spent on housing
36% =( 312 + y)/4300
cross multiplying
1548 = 312 + y
1548- 312 = y
1,236 = y
Amount to be spent on housing = $1,236
Answer:
The amount that can be spent on housing is $1,236 as shown below
Explanation:
Going strictly by the rule that cost of housing and other debt combined together should not be more than 36% of monthly income,the amount that can be spent on housing is 36% of monthly income less student loan payment of $312.
36% of monthly income(36%*$4300) $1,548
deduct student loan payment ($312)
Housing cost $1,236
All in all, the sum of $1,236 can be spent on housing,this means that one has to search for a decent accommodation whose monthly cost is the region of the amount budgeted.
Luna wanted to convince the technology department at her company to adopt a new database system. Some staff members supported the change, a few were opposed, and most were undecided. Luna realized the undecided group was her __________, so she focused most of her effort on them.
Answer:
b. target audience
Explanation:
Luna is convincing her company to make changes in the new database. Similarly, some of the staff is supporting her ideas while some are not. So, Luna decided that the undecided or open group is her target audience. It is her priority to convince them to vote for the change. She has to convince them, which is why she has focused her attention and her effort on them.
Notification by the bank that a deposited customer check was returned NSF requires that the company make the following adjusting entry:
a. Accounts Receivable.
Cash.
b. No adjusting entry is necessary.
c. Cash.
Accounts Receivable.
d. Miscellaneous Expense.
Accounts Receivable.
Final answer:
The correct adjusting entry for an NSF check notification is to debit Accounts Receivable and credit Cash. This reflects that the cash is now an outstanding customer debt. Deposits to a bank create liabilities for the bank, while issued loans become assets.
Explanation:
When a bank notifies a company that a deposited check was returned due to non-sufficient funds (NSF), the company must make an adjustment to its accounting records. The correct adjusting entry requires the company to debit Accounts Receivable and credit Cash, reflecting that the expected cash is not available, and instead, the amount is now owed by the customer again. This is an example of a company managing its accounts receivable following an NSF check notification.
With reference to the provided scenarios around bank deposits and loans, banks view deposits as liabilities because they must be repaid to customers upon request. Similarly, when banks issue loans, like the one Singleton Bank provides to Hank's Auto Supply, it’s recorded as an asset, anticipating interest income later on. First National, upon receiving Hank's deposit, increases its reserves by the same amount and holds a fraction (10%) as required reserves while being free to loan out the rest.
Selling to another company the right to make and market a product line is called _____ the line.
A. spinning off
B. branding
C. extending
D. lowering
Answer:
A. spinning off
Explanation:
Selling to another company the right to make and market a product line is called spinning off the line. The appropriate response is Option A.
What is spinning off ?A spinoff occurs when a company makes a new independent business by attempting to sell or distributing additional shares of its existing business. A spinoff is another term for a divestiture. A company creates a spinoff in the hope that it will be more valuable as an independent entity.
A spinoff is the formation of a new company from the sale or distribution of new shares of a parent company's existing business or division.
The spun-off businesses are obliged to be more valuable as separate entities than as parts of a larger corporation.
When a corporation spins off a business unit with its own management structure, it establishes it as an independent company under its own name.
Hence, Option A is an appropriate response.
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*BLANK* bias indicates the tendency of an individual to attribute his or her own successes to internal factors while putting the blame for failures on external factors. A. Contrast bias B. Self-serving C. Distinction D. Congruence E. Anchoring
Answer:
B- Self-serving
Explanation:
just took it
Barney is 70 years old and has just retired from a career as a lawyer. He is now spending time looking back on his life and is recognizing, as well as coming to terms with, mistakes, regrets, and unfinished business. Barney is engaging in a process called ________.
Answer:
Life Review
Explanation:
Barney is engaged in life review process where one person return progressively to his or her consciousness of the conflicts and memories of the past which were never resolved properly, the main purpose is to re-evaluate them and to find some kind of resolutions. This is one of the most common phenomenon in which older people are engaged in their post age life where they re-call and remember their early life memories, mistakes, regrets, and unfinished tasks.
Which of the following costs should not be included in the cost of a building?
a. Remodeling of the building prior to use
b. Purchase price
c. Closing costs (e.g., title insurance)
d. Parking lot repaving
e. Real estate broker's commission
Answer:
D. Parking lot repaving cost.
Explanation:
The cost of parking lot repaving is considered to be land improvements and it is maintained in a separate book of account from building accounts. Remodeling cost of a building, Broker commission, purchase price of a building, depreciation, etc are considered as a cost of building, these costs determine the purchase price of a building in the unit of a square foot. Land improvement cost is recorded separately from land as land improvement has a limited life. It includes all expenditure that is incurred for the improvement.
At April 30, Yaddof Company has the following bank information: cash balance per book $4,600; outstanding checks $780; deposits in transit $550; credit memo for interest $100; bank service charge $20. What is Yaddof's adjusted cash balance on April 30?
Answer:
$4,370
Explanation:
As this is the cash balance and the adjustment is on the same day, so that the transaction would adjust Yaddof Company included only outstanding check and deposit in transit.
In this case, the adjusted cash balance on April 30 of Yaddof Company can be calculated as:
Adjusted Cash Balance = Cash balance - Outstanding check + deposits in transit = 4,600 - 780 + 550 = $4,370
Conclusion: The adjusted cash balance is $4,370
A global defense contractor needs deep functional skills as well as the ability to coordinate across the functions of each contract or project. For this example, the organizational structure that would best suit their needs would be a matrix structure. True/ False?
Answer:
True
Explanation:
Synergy is the concept that two businesses operating within a company will generate more profits together than they could separately by common use of technology, customers, distribution, managerial skills, or product similarity.
Answer:
True
Explanation: A matrix structure is a type of structure that strategically combines two or more structural system. It appears as a grid. In a matrix structure individuals works across departments and functions in combination to their own departmental roles and responsibilities. With a matrix structure the personnel is expected to be made of different skills set, Most organisations have succeeded in adopting the matrix structure system which gives their personnel the opportunity to work in multiple functions.