Answer:
d) value- expressive appeal
Explanation:
Based on the scenario being described within the question it can be said that this specific advertisement focuses on value- expressive appeal. This is an approach that focuses on creating a generalized illustration or depiction of the user that will use the advertised product or brand. Such as in this case, the advertisement is showing the silhouette of the person dancing while listening to the product because it is representing a depiction of how the everyday user will act with while using the product.
Answer:
D. value-expressive appeal
Explanation:
The value-expressive function is served by attributes that displays a particular products image to others thus, the person dancing with the white earbuds and holding a white iPod MP3 player.
Suppose you graduate with an accounting degree and then become a certified public accountant You work, for a big firm but are offered a chance to prepare tax documents for your city government as an independent contractor The city offers to pay you a consulting fee of $10,000 When deciding whether to accept the additional work the most important tax factor in your decision is a.the gross amount of the payment b.your marginal tax rate c.your new average tax rate d.your current tax bracket e.which political party controls the city government A U S federal government budg
Answer:
b. your marginal tax rate
Explanation:
When deciding whether to accept the additional work the most important tax factor in your decision is your marginal tax rate.
The marginal tax rate is the percentage of tax on an individual's income for each tax bracket above a pre-defined cash-flow threshold.
Basically, marginal rates measure the degree to which an individual would be willing to accept more risk in additional work or investment portfolios.
Which of the following procedures would be generally performed when evaluating the accounts receivable balance in an engagement to review financial statements in accordance with Statements on Standards for Accounting and Review Services? .
A. Perform a reasonableness test of the balance by computing days' sales in receivables
B. Vouch a sample of subsequent cash receipts from customers
C. Confirm individually significant receivable balances with customers
D. Review subsequent bank statements for evidence of cash deposits
Answer:
A. Perform a reasonableness test of the balance by computing days' sales in receivables
Which of the following statements about blogging is true?
a) Firms can ignore blogs without any consequences because blogs do not reflect real concerns of people.
b) Blog comments can be a hothouse for spam and the disgruntled.
c) Despite their popularity, blogs do not offer more detail than mainstream media outlets do.
d) Newspapers offer greater depth than blogs.
e) Current and archived posts are not easily searchable in blogs.
Answer:b) Blog comments can be a hothouse for spam and the disgruntled.
Explanation:
Which of the following statements about blogging is true?
b) Blog comments can be a hothouse for spam and the disgruntled.
Blog to share thoughts or ideas on particular topics in an online journal and the process is blogging.
An ad for Mongoose mountain bikes shows a serious biker traversing remote and rugged but beautiful terrain and states, "There are places that are so awesome and so killer that you'd like to tell the whole world about them. But please, don't." This ad uses the ________ appeal.
Answer:
sensory
Explanation:
Sensory appeal: The term "sensory appeal" is described as one of the types of market branding that tends to appeal to every sense associated with a specific brand. Sensory appeal ought to utilize the senses to associate with different customers on a particular "emotional level". However, brands can even forge "emotional associations" in a customer's mind through senses appealing.
In the question above, the given statement represents sensory appeal.
The advertisement uses the emotional appeal technique, aiming to invoke a sense of adventure, independence, and exclusivity in its audience by portraying a rugged, beautiful terrain.
Explanation:The ad you are referring to uses the emotional appeal method. Emotional appeals are utilized when advertisers want the audience to connect with the message on a deeper, often subconscious, level. In this context, the ad tries to invoke a sense of adventure, independence, and belonging in the viewer. The phrase "There are places that are so awesome and so killer that you'd like to tell the whole world about them. But please, don't." emphasizes the exclusivity and uniqueness of owning a Mongoose mountain bike, thus appealing to emotions and desires of the intended audience.
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Daniel, Steven, and Chris work as engineers in Connecticut. The demand for engineers starts to decline as their companyâs profits start to decrease during a recession. As a result, Daniel and Steven are laid off from their jobs. Daniel and Steven would be classified as:a. frictionally unemployed. b.overemployed. c. discouraged workers. d. structurally unemployed. e.cyclically unemployed.
Answer:
E. Cyclically unemployed.
Explanation:
Cyclically unemployed: It is a kind of unemployment that occurs due to decline in demand for goods and services in the market, which forces the economy to slow down and can not afford full employment, it causes employees to be laid off in companies during the period of economic contraction. It helps the company to reduce labor costs on the production of goods and services.
In the given case, Daniel and Steven are laid off from their jobs due to the recession in the economy, which is classified as Cyclically unemployed.
Veronica owns a home, and when her children went to college, she was looking for a way to help finance their education. She went to the bank and borrowed against the appraised value of her home. This is called a home equity loan.a.trueb.false
Answer:
True
Explanation:
Home equity loan is a kind of loan in which a person borrows against the equity of his or her home, i.e the home is used as a collateral. The loan that can be gotten by the individual is dependent on the value of the home or residence and this value can only be determined by an appraiser from the institution providing the loan. In instances when the borrower is unable to repay the loan, the lending institution can foreclose on the home which has been used a collateral.
Home equity loan can be used to finance expenses like education bills, medical bills and so on.
Therefore, Veronica took a home equity loan to help finance her children's education.
Answer:
True
Explanation:
Home equity loan is the difference between the fair market value of your home and the amount that you owe on the mortgage.
Assume that Amazon has a stock-option plan for top management. Each stock option represents the right to purchase a share of Amazon $1 par value common stock in the future at a price equal to the fair value of the stock at the date of the grant. Amazon has 5,000 stock options outstanding, which were granted at the beginning of 2017. The following data relate to the option grant. Exercise price for options $40 Market price at grant date (January 1, 2017) $40 Fair value of options at grant date (January 1, 2017) $6 Service period 5 yearsa) Prepare the journal entry(ies) for the first year of the stock-option plan.
b) Prepare the journal entry(ies) for the first year of the plan assuming that, rather than options, 700 shares of restricted stock were granted at the beginning of 2010.
Answer:
The answer is given below;
Explanation:
a.Compensation Cost =Total option * fair value of option at grant date
=5,000*6=$30,000
Service period= 1 year
Vesting period= 3 years
Cumulative expense at end of year 2017=Total compensation cost*Service period/Vesting period=$30,000*1/3=$10,000
Expense for the year =$10,000
Stock Option Compensation Expense Dr.$10,000
Additional paid in capital-stock options Cr.$10,000
b.
Bank (700*$40) Dr.$28,000
Common Stocks 700*$1 Cr.700
Paid in capital in excess of par (28,000-700) Cr.$27,300
Dinosaur Junior Corporation purchased a one-year insurance policy in January 2013 for $60,000. The insurance policy goes into effect April 2013. If the company neglects to make the proper year-end adjustment for the expired insurance:
A. Net income and assets will be understated by $40,000.
B. Net income and assets will be overstated by $40,000.
C. Net income and assets will be understated by $20,000.
D. Net income and assets will be overstated by $20,000.
Answer:
B. Net income and assets will be overstated by $40,000.
Explanation:
given data
purchased 1 year insurance policy = $60,000
solution
we know that here policy have expired in
policy expired = 8 months
so here Expired insurance at year end as
Expired insurance at year end = $60,000 × [tex]\frac{8}{12}[/tex]
Net income and assets overstated = $40,000
it is an expense and when not recognized then these both net income and assets will be overstated
so correct option is B. Net income and assets will be overstated by $40,000.
After the death of her husband, Gina Baker, 35, received a check for $350,000 from a life insurance company. Gina has two small children and wants to make sure that both she and the children are taken care of in the future. Based on this information, which of the investment factors listed below would be the most important to Gina in her investment program?
beta
safety
business failure
market risk
liquidity
Answer: Safety
Explanation:
According to the given question, Gina is using the safety investment factor as it is one of the important factor in the investment program after her husband death and she is using the safety investment process for the purpose of securing her and the children's future.
The safety is basically stand for the simple agreement for the future equities and the secondary purpose of the investment program is to earn some interest money. The investment program is one of the type of monetary assets which is basically provide some profit in the future for example the mutual funds.
In the same way, the life insurance is one of the program in which the person makes the payment on some regular basis to the insurance company and after the persons; death the company give money to their family.
Therefore, Safety is the correct answer.
Answer: Safety
Explanation: After the death of her husband, Gina Baker, 35, received a check for $350,000 from a life insurance company. Gina has two small children and wants to make sure that both she and the children are taken care of in the future. Based on this information, SAFETY investment factors listed below would be the most important to Gina in her investment program.
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Analysts estimate that one year from today, a bond has a probability of 40 percent of being priced at $950 and a probability of 60 percent of being priced at $1,050. The bond is also callable at any time at $1,010. What is the expected value of this bond in one year
Answer:
Expected value of bond = $986
Explanation:
given data
probability = 40 percent
priced = $950
probability = 60 percent
priced = $1050
Callable price bond = $1010
solution
we get here Expected value of bond in one year that is express as
Expected value of bond = (Probability × Price of bond) + (Probability × Callable price bond) ................1
put here value and we get
Expected value of bond = (0.4 × $950) + (0.60 × $1010)
solve it we get
Expected value of bond = $986
Countries with socialist economies aspire to be "classless." b) Socialism involves an economic ideology in which the government or state plays a strong role in the economy and may own stakes in certain businesses. c) Socialistic countries put a high degree of importance upon worker and labor rights. d) Many European countries have strong socialistic orientations. e) Socialistic economies tend to be somewhat more collectively than individualistically oriented.
Answer:
Socialism involves an economic ideology in which the government or state plays a strong role in the economy and may own stakes in certain businesses
Explanation:
Socialism is an Economic system owned, managed & run by state (government). The central problems of economy : what, how, for whom to produce - are solved by state. State decisions are based on social welfare guidelines. Market forces are insignificant, private accumulation of property is not there.
However, in Capitalist system - resources are owned, managed, controlled by private sector. The central problems of economy are solved by private sector, as per market forces & profit maximisation guideline. Private accumulation of property is allowed. The system has two classes : Bourgeoisie (Capitalist wealthy entrepreneur class) & Proletariat (Labourers)
So, Socialism having everything under state control, has no classes -Bourgeoisie (entrepreneurs) & Proletariat (Labourers). Hence, it is a Classless Economic System
Hailey's parents demand that she follow their instructions without asking any question. Isabella's parents are firm as well, but they are more likely to reason with her and explain the consequences of her behavior. In Baumrind's terms, Hailey's parents are _____, while Isabella's parents are _____.
A. authoritarian; authoritativeB. authoritative; authoritarianC. permissive; authoritarianD. authoritative; permissive
In Baumrind's terms, Hailey's parents are authoritarian while Isabella's parents are authoritative. Thus option A is correct.
What are Baumrind's terms of parenting?The terms authoritative, authoritarian, and permissive were introduced by clinical and developmental psychologist Diana Baumrind which helps to Evaluate a caregiver's level of assistance and rigor.
In general, kids tend to grow more competent and self-assured when parents have high demands for their behavior, sometimes known as an authoritative parenting style as described in the case of Isabella.
Parents that take an authoritarian stance are unsupportive and demanding. As demonstrated in the example of Hailey's parents, these parents demand and expect obedience.
Therefore, option A is appropriate.
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Manufacturers realize that their clothes might be soiled when people are trying them on in the stores; therefore it's not necessary to worry about keeping clothes clean and unwrinkled in the dressing rooms. Please select the best answer from the choices provided T F
Answer:
False
Explanation:
In order to catch potential customers' attention, it's necessary for manufacturers to worry about keeping their clothes clean and unwrinkled in the dressing rooms.
This would also go a long way in improving their sales and boost customer satisfaction.
Answer:
False
Explanation:
Customers are to be treated with utmost priority because they determine the success or failure of companies or businesses. Keeping them satisfied is key for any company, therefore, necessary measures should be in place to ensure that they are satisfied.
Based on our scenario, if manufacturers think that keeping clothes clean and unwrinkled in the dressing rooms is unnecessary, then it could greatly affect their customer satisfaction negatively, which will, in turn, affect sales.
In 2005, Hurricane Katrina destroyed oil and natural gas refining capacity in the Gulf of Mexico which subsequently drove up natural gas, gasoline, and heating oil prices. Three years later, once the refining capacity was restored, these prices came back down. The restoration of refining capacity should:
A) shift the short-run aggregate supply curve to the left.
B) shift the short-run aggregate supply curve to the right.
C) move the economy up along a stationary short-run aggregate supply curve.
D) move the economy down along a stationary short-run aggregate supply curve.
Answer:
In this case,the correct answer would be option B) in the answer choices or shift the short-run aggregate supply curve to the right.Explanation:
The destruction of the oil and natural gas refinery capacity Gulf of Mexico during Hurricane Katrina would reduce the overall supply of oil which would decrease the short run aggregate supply in the economy.This phenomenon can be illustrated by an initial shift of the aggregate supply curve to the left in the goods market in economy. Now, due to reduction in overall oil supply due to destruction of the refineries, the oil prices in the market would increase,everything else held constant.As after three years,the oil refineries are restored properly, the overall oil supply would again increase in the market from its initial position following the refinery destruction after the hurricane,which would consequently lead to a rightward shift of the aggregate supply curve in short run in the goods market.The restoration of refining capacity should shift the short-run aggregate supply curve to the right.
As a result of Hurricane Katrina, there would be a decline in the supply of oil, this would lead to an inward shift of the supply curve. Years later, after the restoration, there would be an increase in the supply of oil. This would lead to an outward shift or rightward shift of the short-run aggregate supply curve.
Only a change in the price of oil would lead to a movement along the short-run aggregate supply curve. Other factors would lead to a shift of the supply curve.
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On January 1, 2021, the Esquire Corporation purchased equipment at a cost of $165,000. The equipment was expected to have a service life of 10 years and a $15,000 residual value. The straight-line depreciation method was used. At the beginning of 2023 the estimate of residual value was revised from $15,000 to zero. Depreciation for 2023 should be:
Answer:
$45,000
Explanation:
Equipment cost: $165,000
We substract first the residual value of $15,000
Depreciable amount = $165,000 - $15,000
= $150,000
By the straight-line method, we divide the depreciable amount by the number of useful life years to obtain the depreciation per year:
Depreciation per year = $150,000 / 10 years
= $15,000
The equipment was purchased in 2021, it means that 3 years will have passed by the end of 2023. To find the depreciation expense at this moment in time we multiply the previous number by three.
Depreciation for 2023 = $15,000 x 3
= $45,000
The depreciation for 2023 after adjusting for the residual value is $15,000.
Explanation:The initial book value of the equipment is the cost minus the initial residual value, which is $165,000 - $15,000 = $150,000. This value is then depreciated equally across 10 years which is $15,000 per year. However, at the beginning of 2023, the residual value was revised from $15,000 to zero. This means the remaining book value after 2 years (which is $120,000) will be depreciated over the remaining 8 years, giving a depreciation amount of $15,000.
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Miranda runs a small backyard horse boarding stable. When her truck broke down and needed to be replaced, she went to the bank to take out a home equity loan, which allowed her to borrow money against the appraised value of her home. Which type of bank would Miranda most likely go to for this type of loan?A. a commercial bankB. a mutual savings bankC. an independent savings bankD. a credit unionE. a savings and loan association
Answer:
A. A commercial bank
Explanation:
Commercial banks are financial institutions accept deposits and provide security and convenience to their customers. They also provide loans to individuals and businesses. Commercial bank is a place where people do most of their banking. The main method in which commercial banks earn money is through the provision of loan. They earn money from these loans through what is known as interest. In this case, Miranda needs s loan for her business in order to buy a new truck. The commercial bank is a place she can get a loan in that context.
Cynthia's job description states that as assistant director of the HIM department, she will supervise day-to-day operations for the record processing, birth registry, and release of information areas. What principle of management is described?
Answer:
The correct answer in this case, is Span of Control principle of management or Span of Management.Explanation:
Under span of control management system or principle of management, the manager of any business or company manages certain number of employee or subordinates who work under him or her. The manager assigns various roles and responsibilities to the respective subordinates according to their pre-assigned designations.If the manager of any organization or business manages a considerably large number of employees or subordinates, then the span of control is wide and if there are relatively fewer number of subordinates or employees working under the manager,it is known as narrow span of control.In this instance, as an assistant director of the HIM department, Cynthia has been assigned the responsibilities and duties mentioned in the question based on their occupational designation. From the information provided, it can be reasonably assumed that she has multiple functions under her supervision and for operational convenience,she may also assign various subordinates or sub-departments working under her control to effectively carry out the concerned duties and responsibilities that fall under her department.Therefore, Cynthia is the reporting supervisor or the assistant director in the HIM department.The principle of management discussed is 'organizing,' encompassing the structuring of activities and resources to achieve organizational goals. As an assistant director, Cynthia supervises the HIM department's routine operations to ensure ethical and professional information management.
The principle of management described in the student's question is organizing. This principle refers to the structure and coordination of varied activities and resources within an organization necessary to achieve its goals efficiently and effectively. As the assistant director of the HIM (Health Information Management) department, Cynthia is tasked with supervising the day-to-day operations for record processing, birth registry, and release of information areas. This involves overseeing various tasks, aligning them with departmental goals, and ensuring that information handling and dissemination are conducted ethically and professionally. The role also implies that Cynthia is responsible for creating a work environment that balances the needs of the staff and the objectives of the department, consistent with professional information management.
The management practices referred to in the context of Cynthia's job align with the broader theories of management which include planning, organizing, leading, and controlling. Proper information management suggests a systematic approach to handling data and making it accessible, adhering to principles such as honesty, ethics, and appropriate data handling methods.
Collective bargaining is an activity whereby union and management officials attempt to resolve conflicts of interest by exchanging commitments in a manner intended to sustain and possibly enrich their continuing relationship.
A. True
B. False
In 2019, Joan accepted and received a $10,000 award for outstanding civic achievement. Joan was selected without any action on her part, and no future services are expected of her as a condition of receiving the award. What amount should Joan include in her 2019 gross income in connection with this award?A. $0B. $4000C. $5000D. $10000
Answer:
A) $0
Explanation:
If the award was unsolicited and given to Joan in recognition for her accomplishments in scientific, educational, literary, religious, artistic, or civic fields, then the award is not taxed.
The unsolicited part is the key here, since most awards are given to candidates that have been previously been nominated by someone, e.g. Nobel prizes are only given to nominated candidates and the winners must pay income taxes.
Like-kind property is real property held for investment or use in a trade or business exchanged for real property held for investment or use in a trade or business. Taxpayers must defer gain or loss realized on the exchange of like-kind property.True / False.
Answer:
True
Explanation:
Like-kind property is real property held for investment or use in a trade or business exchanged for real property held for investment or use in a trade or business.
However, Taxpayers must defer gain or loss realized on the exchange of like-kind property.
An economist resigns her $100,000/year university teaching position to work fulltime in her own consulting business. In the first year she has total revenue of $250,000 and expenses of $100,000. Which of the following statements is correct?
i. Her accounting profit was $250,000
ii. Her accounting profit was $150,000
iii. Her economic profit was $50,000
iv. Her economic profit was $150,000
Answer:
ii. Her accounting profit was $150,000
iii. Her economic profit was $50,000
Explanation:
The computation is shown below:
For accounting profit, it is
= Total revenues - total expenses i.e explicit cost
= $250,000 - $100,000
= $150,000
And, for economic profit
= Total revenues - total cost i.e explicit and implicit cost
= $250,000 - $100,000 - $100,000
= $50,000
Hence, the second and third options are correct
Senior management at LennoCorp wants a better understanding of the relationship between the values of the jobs at the firm, as determined by their job evaluations, and the actual pay rate for each of those positions. The HR team can provide this information graphically by using a___________.
Answer:
wage curve
Explanation:
Based on the scenario being described it can be said that the HR team can provide this information graphically by using the wage curve. This is a graphical curve that illustrates the negative relationship between the levels of unemployment that exist within an economy and the wages that arise. These two terms can be adjusted for this specific situation.
Ferris owns an apartment in an apartment complex. The apartment-complex rules require the owner of each apartment to maintain it in reasonable condition. Failure to do so is grounds for action against the owner by the apartment complex or a tenant. Erica rents Ferris's apartment. During her first year of renting, many appliances in the apartment break, and there are repeated incidents of leaking through the roof. Ferris does nothing to fix the apartment. Erica sues Ferris, who claims he has no contractual duty to Erica. A court will likely find that:_____________.
a. Erica is a donee beneficiary, so Ferris does have a contractual obligation to her.
b. Erica is a contractual beneficiary, so Ferris does have a contractual obligation to her.
c. Erica is an incidental beneficiary, so Ferris does have a contractual obligation to her.
d. Erica is a creditor beneficiary, so Ferris does have a contractual obligation to her.
Answer:
Correct option is (d)
Explanation:
Creditor beneficiary is a party who is entitled to enjoy the benefits of the contract that has been put in place. They are not actively involved in the contract but are entitled to receive the benefit of contract executed by the promisor.
In this case, Erica is a third party creditor beneficiary for whom Ferris is legally obligated to perform his duties as the rules require owner to maintain the apartment which Ferris failed to oblige. So, Ferris breached contractual obligation to her.
How does a business determine the markup on a product or service.
Answer and Explanation:
Markup price refers to the amount that is obtained by subtracting the cost of the item from the selling price of the item. Normally the markup price is the amount sold to be added to the cost price with the objective of making a profit.
Computation of markup:
Markup = Selling price - Cost price
Computation of markup percentage:
Markup % = [tex][\frac{Selling price - Cost price}{Cost price}] \times 100[/tex]
Andrea, an enterprising individual, wants to open a store in her town. She wants her store to be of the same type as a popular coffee chain that is successfully opening in a city nearby. Andrea wants to become a(n)
A. business incubator.
B. innovator.
C. angel investor.
D. franchisee.
E. intrapreneur.
Answer:
D. Franchisee
Explanation:
A franchisee can be defined as an individual who is a small business owner who operates a franchise. A franchisee is given license by the franchisor to run a business under the franchisor's trade mark, trade name and method of operations. A franchise is a business in which the owners sell the rights to their business trade mark, trade name, logo and method of operations to a third party outlet or individuals owned separately by who we refer to as the franchisee. In this case, Andrea wants to become a franchisee by opening the same type of popular coffee chain in her town that is found in a nearby town.
Corporate power refers to: a. The capability of competitors to influence legislation, trade, and the stock market based on their organizational resources. b. THE CAPABILITY OF POLITICIANS TO INFLUENCE CORPORATIONS, EMPLOYEES AND UNIONS BASED ON THEIR ORGANIZATIONAL RESOURCES. c. THE CAPABILITY OF CORPORATIONS TO INFLUENCE GOVERNMENT, THE ECONOMY AND SOCIETY BASED ON THEIR ORGANIZATIONAL RESOURCES. d. THE CAPABILITY OF CEOS TO INFLUENCE PRODUCT DEVELOPMENT, EMPLOYEE MORALE, AND CURRENCY INDICES BASED ON THEIR ORGANIZATIONAL RESOURCES.
Answer:
In this case,the correct answer would be option c. given in the answer choices or options or the capability of corporations to influence governments, the economy and society based on their organizational resources.Explanation:
In a general sense, corporate power can be considered as the overall extent of influence of corporate organizations in the society, economy and political spectrum as a whole.In this regard, corporate powers of individual corporate leaders and personalities can be effectively utilized to influence the socio-economic infrastructure and government or administrative decisions and actions to their favor by using various organizational resources.A corporate company can essentially utilize its Public Relations and Media Outreach tools to reach the concerned entities in the society and the overall political field to influence them to fulfill their corporate motives and intentions.Corporate power refers to "The capability of corporations to influence government, the economy, and society based on their organizational resources." (Option C)
What is corporate power?Corporate power refers to the significant influence and control that large corporations can wield over various aspects of society, including government policies, economic decisions, and social matters.
This influence stems from the vast resources, financial strength, and political connections that corporations possess.
Through lobbying, campaign contributions, and other means, corporations can shape legislation, trade policies, and societal norms, often leading to debates about the balance of power and accountability between corporations and democratic institutions.
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Dale City is accumulating financial resources that are legally restricted to payments of general long-term debt principal and interest maturing in future years. At December 31, Year 1, $5,000,000 has been accumulated for principal payments and $300,000 has been accumulated for interest payments. These restricted funds should be accounted for in the: Debt service fund General fund A. $0 $5,300,000 B. $300,000 $5,000,000 C. $5,000,000 $300,000 D. $5,300,000 $0
Answer:
D. $5,300,000 $0
Explanation
Debt service Fund General fund
Accumulated for principal payments $5,000,000 ( Debt service Fund)
Add Accumulated for interest payments $300,000( Debt service Fund)
Total $5,300,000
General fund
$0
$0
These restricted funds should be accounted for in the: Debt service fund General fund is $5,300,000 because the restricted funds of $5,000,000 accumulated for principal payments and $300,000 accumulated for interest payments should both be accounted for in the debt service fund.
Answer:
D. $5,300,000 $0
Explanation:
Base on the scenario been described in the question, option d is correct answer. This is so because funds been restricted is $5,000,000 it then accumulate for principal payments and $300,000 and the interest that accumulated has to pay for both be accounted debt service funds as seen in the question.
Bob contracts to work for Central Construction Corporation (CCC) during July for $4,500. On June 30, CCC cancels the contract. Bob declines a similar job with Design Builders, Inc., which would have paid $4,000. Bob files a suit against CCC. As compensatory damages, Bob can recover
$500
$1000
$750
Answer:
Amount Receive from compensatory damage = $500
Explanation:
Given:
Amount Receive from Central Construction Corporation = #4,500
Amount Receive from new job = $4,000
Amount Receive from compensatory damage = ?
Computation of amount Receive from compensatory damage:
Amount Receive from compensatory damage = Amount Receive from Central Construction Corporation - Amount Receive from new job
Amount Receive from compensatory damage = $4,500 - $4,000
Amount Receive from compensatory damage = $500
Note: Bob contracts with CCC for $4,500 but the contract is severed. In the new job Bob finds he gets $4,000 where he loses $500. Bob will sue CCC and get compensation for $500.
Jason is a manager. His colleagues and subordinates look up to him as a man who always does the right things. Along with other skills, his ability to effectively organize and deploy resources like man power, material, and money has been appreciated by his seniors. According to the Level-5 leadership pyramid, which of the following levels would be the immediate next step for Jason?
A. Level 2
B. Level 3
C. Level 4
D. Level 5
Answer: Level 4
Explanation: As and Effective Manager Jason was known to organises people and resources towards achieving set goals and objectives. This drive displayed is what separates true leaders from people who merely occupy leadership positions. haven shown his expertise as a good manager by helping those around him grow. The next step for him to take according to level 5 pyramid would be Level 4 ( Effective Leader)
During the current fiscal year, jeremiah corp. signed a long-term noncancellable purchase commitment with its primary supplier. jeremiah agreed to purchase $2.0 million of raw materials during the next fiscal year under this contract. at the end of the current fiscal year, the raw material to be purchased under this contract had a market value of $1.6 million. what is the journal entry at the end of the current fiscal year?
a. debit unrealized holding gain or loss for $400,000 and credit estimated liability on purchase commitment for $400,000.
b. debit estimated liability on purchase commitments for $400,000 and credit unrealized holding gain or loss for $400,000.
c. debit unrealized holding gain or loss for $1,600,000 and credit estimated liability on purchase commitments for $1,600,000.
d. no journal entry is required.
Answer:
Option A. Debit unrealized holding gain or loss for $400,000 and credit estimated liability on purchase commitment for $400,000.
Explanation:
According to the Accounting Principles losse are always debited and gains are always credited. This means that the notional loss or gain due to the decrease or increase in the value of the contract must be recorded in the current year by debit or credit respectively.
The notional gain or loss at the end of fiscal year, can be calculated by taking the difference of the Agreed value and the current market value of the contract.
The agreed value of the contract is $2,000,000 and the Market Value is $1,600,000, which means that the unrealized losses are $400,000 ($2,000,000 - $1,600,000).
The double entry would be recording the losses of $400,000 due to technologically decrease in the value:
Dr Unrealized Loss $400000
Cr Estimated liability on Purchase Commitment $400000