Answer:
$84,000
Explanation:
In this case there will arise deferred tax asset as the book profit is more than taxable profit, now
Tax liability = $300,000 X 30% = $90,000
Though out of which deferred tax asset = ($300,000 - $280,000) X 30% = $6,000
Now tax expense for the year = $280,000 X 30% = $84,000
Therefore, Cere should report a tax expense of $84,000
Even though the liability is of $90,000
Final Answer
$84,000
How much is it to open a checking account
Your question asks how much is it to open a checking account.
Answer: You usually don't pay to open a checking account, but mostly would need to put in a minimum deposit.Most of the time, banks don't charge a customer to open up their own checking account, due to the fact that people are going to use that account to make deposits and withdrawals anyways. If banks were to charge people to open an checking account, people would not choose that bank to hold their money.
Most of the time, banks do not charge customers to open a checking account, but they require customers to put a minimum deposit in the account. The minimum deposit could be around $25 or higher. Banks do this in order to maker sure that the customer has funds in the account so they're technically using it, rather than having a customer open up a checking account and not use it at all.
I hope this helps!Best regards,MasterInvestorErin is a volunteer for the Red Cross and must go door-to-door seeking donations. Her strategy is to ask whoever answers the door for a donation of $50 right off the bat. If they agree, then she follows up with a second request for a $200 donation. She has found that this works better than simply asking for a $200 right away. Which formula sales presentation format does this demonstrate?
A. Door-in-the-face
B. Ingratiation
C. Adaptive selling
D. Need satisfaction
E. Foot-in-the-door
Answer: Foot-in-the-door
Explanation:
A. Door-in-the-face is an approach under which the influencer first ask the respondent for a big request that he will probably decline then go to the small request that he actually wants to get fulfill.
B. The approach under which the influencer tries compliments and flattery on respondent to make him agree.
C. Adaptive selling is an approach in selling under which the salesman adapt his techniques as per the changing conditions.
D. Under need satisfaction the influencer first tries to understand the needs of the respondent and then prepare his pitch as per the observation.
E. Foot-in-the-door is an approach under which the influencer first make the respondent to agree to a small request following which he ask for the big one.
From the above we can conclude that Erin was using Foot-in-the-door.
Suppose you must estimate the cost of equity for a firm, and you have the following data: rRF = 5.5%; rM – rRF = 6%; b = 0.8; D1 = $1.00; P0 = $25.00; g = 6%; and rd = the firm's bond yield = 6.5%. What is this firm's cost of equity using the bond-yield-+-risk-premium approach? Use a 4% judgmental risk premium in your calculation.
Answer:
rd+premium = 10.5%
using CAPM = 10.3%
Explanation:
Under bond-yield+ risk-premium approach
This method simply propose to add the bond yield with the estmated risk premium:
0.065 + 0.04 risk premium = 0.105
[tex]Ke= r_f + \beta (r_m-r_f)\\\\Where:\\r_f =$ risk free rate\\r_m= $ market rate\\\beta =non-diversifiable \:risk[/tex]
r_f = 0.055
β = 0.8
(r_m-r_f) = 0.06
0.055 + 0.8(0.06) = 0.103 cost of capital using CAPM
Providing worker training on the safe use of the equipment being operated is the responsibility of the:
O A. Employer
O B. Worker
O C. State OSHA consultation
O D. Qualified person
Answer:
Providing worker training on the safe use of the equipment being operated is the responsibility of the: employer - A.
Mary’s hourly wage is twice that of John’s. John’s and Dennis’ hourly wages together total $60. If Dennis earns 1/3 of John’s rate, what does Mary make per hour?
Mary makes $90 per hour, which is twice that of John's hourly rate. We calculate this by first establishing the sum of John's and Dennis's wage as $60 and then determining that Dennis makes 1/3 of John's rate.
Explanation:To find out what Mary makes per hour, we need to establish the relationship between the hourly wages of Mary, John, and Dennis. According to the problem, Mary's hourly wage is twice that of John's. The total of John's and Dennis's hourly wages is $60, and Dennis earns 1/3 of John's rate.
Let's say John earns $x per hour. Then, Dennis's hourly wage would be $x/3, since Dennis earns 1/3 of what John earns. The total hourly wage for both John and Dennis would be $x + $x/3, which is equal to $60.
To find John's rate, we solve the equation:
$x + $x/3 = $60
Multiplying through by 3 to eliminate the fraction, we have:
3$x + $x = $180
4$x = $180
$x = $180 / 4
$x = $45
Since Mary's hourly wage is twice that of John's, Mary earns:
2 x $45 = $90 per hour.
John earns $45 per hour. Mary earns twice that, so Mary earns $90 per hour.
Let's represent John's hourly wage as [tex]\(x\)[/tex]. Then, Mary's hourly wage is [tex]\(2x\)[/tex]. Since Dennis earns [tex]\(1/3\)[/tex] of John's rate, Dennis's hourly wage is [tex]\((1/3)x\)[/tex].
Given that John's and Dennis's hourly wages together total $60, we can write the equation:
[tex]\[x + \frac{1}{3}x = 60\][/tex]
This equation accounts for the sum of John's wage [tex](\(x\))[/tex] and Dennis's wage [tex](\(\frac{1}{3}x\))[/tex], which equals $60.
To solve for [tex]\(x\)[/tex], we first combine the terms:
[tex]\[1x + \frac{1}{3}x = 60\][/tex]
[tex]\[1\frac{1}{3}x = 60\][/tex]
Now, we convert the mixed fraction to an improper fraction:
[tex]\[1\frac{1}{3}x = \frac{4}{3}x\][/tex]
So, the equation becomes:
[tex]\[\frac{4}{3}x = 60\][/tex]
To isolate [tex]\(x\)[/tex], we multiply both sides by [tex]\(\frac{3}{4}\)[/tex]:
[tex]\[x = \frac{60 \times 3}{4}\][/tex]
[tex]\[x = \frac{180}{4}\][/tex]
[tex]\[x = 45\][/tex]
Now, we know that John's hourly wage [tex](\(x\))[/tex] is $45.
Since Mary's hourly wage is twice that of John's, Mary's hourly wage is[tex]\(2 \times 45 = 90\)[/tex].
Therefore, Mary makes $90 per hour.
Hannah is an HR specialist at an investment firm, and she is responsible for conflict management. She believes that conflicts should be resolved in a way that is beneficial to all involved. Therefore, when a conflict arose between the heads of the finance department and the legal department over the shared use of an employee, she came up with a schedule that allowed both the departments to use the expertise of the employee without hindering each other's schedules. In the context of the various ethical decision-making approaches, Hannah's beliefs and actions are consistent with those asserted by the ___.
Answer:
Utilitarian approach
Explanation:
Global Company purchased merchandise on account from Planet Company for $56,000 with terms 1/15, net 45. Global Company returned $6,000 of the merchandise and received full credit from Planet Company. What will be included in the journal entry for the payment (assume that the amount due was paid within the discount period)?
Answer:
cash 49,500 debit
discount 500 debit
account receivable 50,000 credit
Explanation:
account receivable 56,000
sales revenue 56,000
to record sales
returns 6,000
account receivable 6,000
to record return of goods
56,000
-6,000 return
50,000 account receivable
x1% discount 500 (payment within discount period)
50,000 - 500= 49,500 cash proceed
Estimated Returns Inventory is a. an asset account reported with Inventory on the balance sheet. b. an owner's equity account increasing equity. c. a liability account with a normal credit balance. d. None of these choices, since this account does not exist.
Answer:
a. an asset account reported with Inventory on the balance sheet.
Explanation:
This is because estimated returns inventory is the amount of inventory that will be returned by debtors, on their purchase if they do not find the goods that worthy, or due to some other reasons, based on past experience this is generally an allowance and this is added to inventory balance as this will increase inventory, though generally it is accounted like this but some companies do not tend to make a provision for such inventory and account for at the time when inventory is actually returned.
Final Answer
a. an asset account reported with Inventory on the balance sheet.
Final answer:
Inventory is a key asset in accounting, reported on the balance sheet under assets.
Explanation:
Inventory presents challenges for accounting recognition. It involves estimating the value of inventory assets using methods like FIFO and LIFO. Inventory is reported on the balance sheet under assets.
Barclay enterprises manufactures and sells three distinct styles of bicycles: the youth model sells for $600 and has a unit contribution margin of $390; the adult model sells for $980 and has a unit contribution margin of $637; and the recreational model sells for $1,380 and has a unit contribution margin of $897. the company's sales mix includes: 5 youth models; 9 adult models; and 6 recreational models. if the firm's annual fixed costs total $9,360,000, calculate the firm's break-even point in total sales dollars.
Answer:
$14,400,000
Explanation:
For that sales mix, the total contribution margin will be ...
5($390) +9(637) +6(897) = $13,065
The selling price of that mix is ...
5($600) +9(980) +6(1380) = $20,100
Then the sales required to produce a contribution margin of $9,360,000 will be ...
20,100/13065 × $9,360,000 = $14,400,000
The owner of a store that sells fine-quality fabrics for home seamstresses bemoans the fact that few young women know how to do fine tailoring, much less simple dressmaking. Many potential customers are unable to appreciate the premium quality of the fabrics and are deterred by the high prices, as well as the complexity of fine sewing. In the past, the store had a strong demand for fabrics, large classes for women learning the fine points of sewing, and a reputation for excellent service and technical advice. Now the store is earning lower-than-average returns. This case is an example of?
Answer: This case is an example of core competencies that further have turned into core rigidities.
In this particular case , the store was capable of catering to the demands of the market. Thus providing excellent service and technical advice.
But with the dawn of an era, now the store is earning lower-than-average returns. Also this is to be pondered upon that in current era only few potential customers are able to appreciate the premium quality of the fabrics.
Final answer:
A store owner facing decreased demand for high-quality fabrics and sewing classes exemplifies the impact of technological and economic shifts on traditional tailoring. The cultural move towards mass-produced, simpler clothing designs has reduced the market for intricate sewing skills and fine fabrics, affecting businesses reliant on these crafts.
Explanation:
The store owner's situation is an example of the impact of technological advancements and economic changes on traditional industries such as fine tailoring and dressmaking. With the ready-to-wear industry simplifying the construction of clothing and reducing costs, intricate sewing skills have become less valued and less profitable. As a result, the demand for fine-quality fabrics and the knowledge to work with them has diminished, affecting businesses that relied on consumers' appreciation for and ability to partake in fine tailoring.
The shift away from complex garment construction, which once involved tucks, darts, godets, and complex seams, to simpler designs achieved using knits and spandex has transformed the clothing industry. This leaves the tailor unable to fulfill his wants or profit from the sale of fine clothing. Women who could command higher prices for their skill and taste in occupations such as millinery and dressmaking now face challenges due to a shift in societal needs and the undervaluing of their skills.
In addition, the challenges faced by seamstresses who might lose their jobs due to downsizing in the textile industry highlight the specificity of their skills, which may not easily transfer to other industries. This scenario showcases the larger economic and social transformation brought about by the move towards mass-produced, lower-cost clothing options and how it affects skilled laborers and entrepreneurs in the industry.
If the budget deficit increases, then a. U.S. residents will want to purchase fewer foreign assets and foreign residents will want to purchase fewer U.S. assets b. U.S. residents will want to purchase more foreign assets and foreign residents will want to purchase more U.S. assets c. U.S. residents will want to purchase fewer foreign assets and foreign residents will want to purchase more U.S. assets d. U.S. residents will want to purchase more foreign assets and foreign residents will want to purchase fewer U.S. assets
Answer: Option (c) is correct.
Explanation:
If the budget deficit increases, then U.S residents will want to purchase fewer foreign assets and foreign residents wants to buy more of U.S assets.
The budget deficit in the economy has to be financed either by borrowing or by increasing taxes. This budget deficit occurred because of the tax cuts and higher government spending.
If a country running a budget deficit, which lead to reduction in national saving. We all know that interest rate is determined in the loan market, where savers supply the loans to the private borrowers.
So, if there is a fall in the national saving, this will also impact the supply of loans from savers, which raises the interest rate in an economy.
This will attract the foreign flow of capital. This means that demand for domestic assets increases because of the higher interest rate.
Therefore, U.S. residents will want to purchase fewer foreign assets and foreign residents will want to purchase more U.S. assets.
Final answer:
If the budget deficit increases, U.S. residents will want to purchase fewer foreign assets and foreign residents will want to purchase more U.S. assets due to higher domestic interest rates, attracting foreign financial capital and appreciating the U.S. dollar.
Explanation:
When a government's budget deficit increases, it typically raises the domestic interest rate due to increased demand for financial capital. This, in turn, attracts foreign financial capital and appreciates the exchange rate due to an increased demand for U.S. dollars by foreign investors and reduced supply of U.S. dollars. Consequently, U.S. residents will find U.S. bonds more attractive and purchase fewer foreign assets, while foreign residents, attracted by higher interest rates, will want to purchase more U.S. assets.
Therefore, the correct answer to the question 'If the budget deficit increases, then...' is c. U.S. residents will want to purchase fewer foreign assets and foreign residents will want to purchase more U.S. assets.
This is because the increased budget deficit leads to higher demand for domestic financial capital, resulting in increased interest rates, which then stimulates inflows of foreign investment and changes in the exchange rate — appreciating the U.S. dollar and potentially leading to a larger trade deficit.
Janette goes into an electronics superstore to buy a new computer. The salesperson works with her to find the right model, and she agrees to buy a new computer for $500 and a floor-model 18-inch monitor for $100. Just when she is ready to pay, the salesperson walks away for a minute and then comes back to inform her that the monitor she was ready to purchase can’t be sold for less than $125. She agrees to the extra $25 even though they had initially agreed on the $100 selling price. Janette has fallen for the ________ technique of gaining compliance. a. low-balling b. door-in-the-face c. bait-and-switch d. foot-in-the-door
José, the sales manager for a software development firm, is working on the problem of increasing sales by using the rational model of decision making. In the first step he identified the problem of his employees needing more training. In the second step he thought of alternative solutions; and in the third step he evaluated alternatives and selected a solution. José needs to _____ in the fourth and final step.
Answer:
Implement the selected alternatives
Explanation:
The decision making process is divided in 4 rational steps:
1. Identify the existing problem: know what is the difficulty that is being presented, it involves all what is being affected.
2. List possible solutions for the existing problem: here the person lookfl for all the possible ways to solve a problem and the different variables that are being affected.
3. evaluate and select the most beneficial alternative: in this step the person foresee the results of each alternative and choose the once that would work in the best way.
4. Implement the alternative that was selected: it implies the work of every person involved in the results, follow the plan and the improvement of the initial problem.
Sometimes it is added a 5th step, the feedback and evaluation of the implemented alternative to know if the problem was fully solved.
How does depreciation affect the calculation of a project's accounting rate of return (ARR)? A. Depreciation does not affect ARR. B. Depreciation is added to the annual cash inflows. C. Depreciation is only deducted if the ARR is less than the minimum required rate of return. D. Depreciation is deducted from the annual cash inflows.
Answer: Option D
Explanation: ACCOUNTING RATE OF RETURN IS THE RETURN THAT INVESTOR GET IN THE FORM OF AVERAGE NET PROFIT FOR MAKING INVESTMENT IN THE BUSINESS AT FIRST PLACE.
A. Depreciation affect net profit thus it affects ARR.
B. Depreciation is an expenditure, it is the value of a asset that is used, therefore it will be deducted from cash inflows.
C. There is no such rule that depreciation will only be deducted if the ARR is less than the minimum required rate.
D. Depreciation results in lowering of value of assets thus it is deducted from annual cash inflows which results in lowering of profits.
United Trans Service jet costs $ 55.000.000 and is expected to fly 500.000.000 miles during its 8-year life. Residual value is expected to be zero because the plane was used when acquired. If the plane travels 50.000.000 miles the first year, how much depreciation should United Trans Service record under the units-of-production method? (Round the depreciation per unit to two decimal places.)
Answer:
Depreciation for first year = $5,500.00
Explanation:
Cost of Jet = $55,000
It is expected to fly 500,000 miles in 8 years.
There is no salvage value.
Now, since the capacity in miles is provided the depreciation expense shall be based on such capacity only, that is units of production method and straight line method shall not be followed until specified.
Provided plane travels 50,000 miles in current year
Depreciation rate = $55,000/500,000 miles = $0.11 per mile
Depreciation for current year = $0.11 X 50,000 miles = $5,500.00
PLEASE HELP WILL GIVE BRAINLIEST
Zelda’s day consists of checking her e-mail, holding meetings, and organizing and reviewing text. Which Arts, A/V Technology, and Communication career pathway is Zelda working in?
A.Printing Technology: a career that focuses on performing for and communicating with others
B.Journalism: a career that combines technologies to make video recordings possible
C.Journalism: a career that reports information to the public
D.Printing Technology: a career that allows people to express themselves through art
Answer:
B.Journalism: a career that combines technologies to make video recordings possible
Answer:
B. Journalism: a career that combines technologies to make video recordings possible
Explanation:
Zelda’s day consists of checking her e-mail, holding meetings, and organizing and reviewing text. Zelda is working in Journalism and it is Arts, A/V Technology, and Communication career pathway. Jounalism is a career that combines technologies to make video recordings possible.
When preparing external financial statements that are in accordance with generally accepted accounting principles, a government is required to prepare A. A comprehensive annual financial reportB. Basic financial statements, management's discussion and analysis, and other required supplementary informationC. Both items A and BD. None of the above
Answer: the correct answer is B. Basic financial statements, management's discussion and analysis, and other required supplementary information.
Explanation:
Option b is very comprehensive of all the generally accepted accounting principles.
A desktop computer now sells for 15% less than it did last year. the current price is $425. what was the price of the computer last year?
Final answer:
The price of the computer last year was $500.
Explanation:
To find the price of the computer last year, we need to calculate the original price before the 15% reduction. Let's assume the original price is x. 15% less than the original price can be calculated by subtracting 15% of the original price from the original price. This can be expressed as:
x - 0.15x = $425
Simplifying the equation, we get:
0.85x = $425
Dividing both sides of the equation by 0.85:
x = $425 / 0.85
x = $500
Therefore, the price of the computer last year was $500.
Which is likely the most stressful of these jobs?
Warehouse Laborer
Auto Mechanic
Air traffic controller
Amusement park manager
Answer:
air traffic controller I believe
if its wrong i am sorry
Answer:
Air traffic controller
Explanation:
They have to make sure the plane lands at just the right speed and clear the runway and they have to be really good at what they do, otherwise, people could/will die or become injured from crashing. Airplane pilots also have to worry about some of these problems too.
Carla just started her new job working at the Department of Commerce. In order to see whether Carla “knows her stuff,” her boss asks her to put together a presentation on the current state of the economy. What is one of the economic indicators Carla could look at?
Answer: one key indicator that Carla could look at is the inflation rate.
Explanation:
The inflation rate is a really important factor when economists want to assess the economic state of a nation.
Carla can use the unemployment rate as an economic indicator to evaluate the state of the economy. This data, along with other factors like production and prices, can be found in the work of the Bureau of Labor Statistics.
Explanation:One economic indicator that Carla could look at is the unemployment rate. The unemployment rate measures the percentage of the total labor force that is unemployed but actively seeking employment. In terms of macroeconomics, this indicator can give Carla insights into the state of the economy as a whole.
Economic researchers at the Bureau of Labor Statistics publish a wide array of surveys and reports that provide a more nuanced and complete view of the labor market, notwithstanding certain imperfections. While the unemployment rate gets most public attention, the Bureau also collects data on factors such as production and prices which cumulatively provide necessary insights into the state of the national economy.
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Suppose you win a small lottery and have the choice of two ways to be paid: You can accept the money in a lump sum or in a series of payments over time. If you pick the lump sum, you get $2,850 today. If you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. At an interest rate of 9% per year, the winner would be better off accepting the , since that choice has the greater present value. At an interest rate of 11% per year, the winner would be better off accepting , since it has the greater present value. Years after you win the lottery, a friend in another country calls to ask your advice. By wild coincidence, she has just won another lottery with the same payout schemes. She must make a quick decision about whether to collect her money under the lump sum or the payments over time. What is the best advice to give your friend? The lump sum is always better. The payments over time are always better. It will depend on the interest rate; advise her to get a calculator. None of these answers is good advice.
Answer:
The correct answer would be option A, The lump sum is always better.
Explanation:
If I would have to give advice to my friend who is in the same situation as i was in some time back, I would recommend him to go for the Lump sum choice. This is because of the fact that the interest rate compounded in three years payment schedule will result in the less value of what I am getting today. Accepting the lump sum value in contrast with accepting the yearly payments on 9% interest rate would be better off because it has more value at present.
Which dr. Seuss book has sold the most copies worldwide?
Answer:
Green eggs and ham
Explanation:
he sold over 8,100,000 coppies
What snack food was legally barred from calling its product chips?
Answer:
Pringles
Explanation:
Pringles is the snack food that was legally barred from calling its product chips.
They used to be called "Pringles Newfangled Potato Chips".
Many companies were concerned their product was being copied. Therefore, they had to change their name to just ''Pringles''.
Pretzels were barred from calling their product chips.
Explanation:The snack food that was legally barred from calling its product chips is Pretzels.
In 1970, the U.S. Food and Drug Administration (FDA) established a standard of identity for potato chips, which specified that a chip must be made from sliced, fried, and salted potatoes. Since pretzels are not made from potatoes, they cannot be legally called chips.
Therefore, although they may resemble chips in shape and texture, pretzels cannot be marketed as such and must be referred to by their proper name.
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Channels of distribution: Select one: a. that include intermediaries result in higher distribution costs than channels without intermediaries. b. should be designed to increase discrepancies of quantity between producers and consumers. c. usually do not involve conflicts as long as each channel member has profit as a goal. d. usually require longer-term planning than other market mix elements because channel decisions are more difficult to change quickly. e. are always characterized by conflict among channel members.
Answer:
d. usually require longer-term planning than other market mix elements because channel decisions are more difficult to change quickly.
Explanation:
IF you decide to use your own truck to move your product, you can't go back from that after 2 weeks, you invest time picking which truck to buy, time hiring drivers, time chequing routes, now you can just go back and make a third party do it because, you are running a lot of costs.
The channel of distribution must be set as a long-term strategy that will yield benefit through time.
Susan threw away in the garbage an old chair that had been in her family for many years by placing it on the curb with the rest of the trash. Alma came by and began to admire the chair. Although the chair was heavy, Alma picked it up and called to a friend saying that she had just found an antique chair. When Susan heard this, she demanded the return of the chair. The chair belongs to:
Answer:
The chair here belong to Alma.
Explanation:
When Susan threw out the chair along with trash, she abandoned it with the motive to get rid of it. Alma found it in an abandoned state and picked it up. Since it was abandoned by Susan and picked by Alma it now belongs to Alma. As in the process of abandoning the chair Susan gave up her property rights or ownership of the chair.
KAM Corp. has identified two sets of codes for its employees—a code of conduct that all employees are expected to follow in action, and a code of ethics, which consists of the core values of the company. Which of the following is likely to be included in the code of ethics and not in the code of conduct?
Answer: Expectations of loyalty and integrity
Explanation:
A Code of Ethics is a guide of principles designed to help professionals manage their businesses.
Which of the following could not prevent a market from becoming perfectly competitive?
excessive information
problems accessing necessary technology
high start-up costs
lack of technological know-how
Answer:
The answer is excessive information.
Explanation:
Excessive information is the only option in the question that does not lead to a market from becoming perfectly competitive. If anything, lack of information on how to enter the market creates this problem - since business firms would have difficulties entering the market if they don't know how to get the needed products or how to acquire the market segment. High start-up costs, lack of technological know-how, and problems accessing necessary technology, on the other hand, might lead a market to become more monopolistic, or even an oligopoly.
Which of the following statements is correct?
Industrial capitalism is characterized by pools, trusts, holding companies and an interpenetration of banking, insurance, and industrial interests
Mercantile capitalism emerged in the United States in the period directly following the Civil War
In state welfare capitalism, the government plays an active role in regulating economic activities in an effort to smooth out the boom-and-bust pattern of the business cycle
Financial capitalism is associated with large scale industrial expansion
Answer:
In state welfare capitalism, the government plays an active role in regulating economic activities in an effort to smooth out the boom-and-bust pattern of the business cycle
Explanation:
Nations that adhere to capitalism on the premise of social welfare are characterized by state regulation aimed at protecting the population and ensuring a healthy standard of living. This is especially relevant because it protects citizens from economic instability. Typically, countries where social welfare works, many jobs are public, and the state has several social programs. Examples are Sweden, Norway and Denmark.
Kingston anticipates total sales for June and July of $420,000 and $398,000, respectively. Cash sales are normally 60% of total sales. Of the credit sales, 20% are collected in the same month as the sale, 70% are collected during the first month after the sale, and the remaining 10% are collected in the second month after the sale. Determine the amount of accounts receivable reported on the company’s budgeted balance sheet as of July 31.
Answer:
Accounts Receivable reported on the company’s budgeted balance sheet as of July 31 = $144,160
Explanation:
Credit sales = 40% of Total sales for the month.
Provided the accounts receivable shall be collected as follows:
20% in the same month
70% in next month
10% in the second next month
Now balance outstanding at the end of July of accounts receivable shall be:
Credit Sales for June = $420,000 X 40% = $168,000
Out of which 20% is collected in June itself.
70% in July and only 10% is outstanding = $168,000 X 10% = $16,800
From the sale of July we have
20% paid in the month itself
Remaining 80% is outstanding
Credit sales = $398,000 X 40% = $159,200
Outstanding at month end = $159,200 X 80% = $127,360
Net outstanding at 31 July = $16,800 + $127,360 = $144,160
The amount of accounts receivable reported on Kingston's budgeted balance sheet as of July 31 is calculated by considering the percentage of credit sales and time taken to pay. After calculation, Kingston anticipates reporting $177,760 in accounts receivable as of July 31.
Explanation:To determine the amount of accounts receivable reported on the company’s budgeted balance sheet as of July 31, we need to figure out the uncollected money from credit sales.
The total sales in June and July are $420,000 and $398,000, respectively. First, we find the credit sales which are 40% of the total. For June, it is $168,000 (40% of $420,000). For July, it is $159,200 (40% of $398,000).
Now, let's find the uncollected amounts:
For June's sales, 30% is still uncollected in July (10% to be collected in the second month after the sale). This is $50,400 ($168,000 * 30%). For July's sales, 80% remains uncollected at the end of July (70% for the first month after the sale and 10% for the second month). This is $127,360 ($159,200 * 80%).Adding these, we find that Kingston anticipates reporting $177,760 in accounts receivable as of July 31 ( $50,400 + $127,360 ).
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Which of the following statements best represents the fact that I cannot put in extra hours of work because of scarcity?
a. I don’t have enough time for additional work because I need to spend time with my family and there are only so many hours in the day.
b. I don’t like going to work, so why would I work more than I have to?
c. I don’t think that overtime pay is high enough.
d. I am worried that if I work extra hours, I will get bored with my job.
e. I don’t want my coworkers to feel pressure to work more because I am working additional hours.
Answer:
Either A. or C.
Explanation:
B. is kind of rude so I wouldn't say that
D. is one of those things that "sounds like a personal problem"
E. sounds really fake
A. is really honest and thus a good plausible answer
C. is a real problem because bosses understand that you need a certain amount of money to make a living and you may not feel that the amount your getting is worth your effort.