Rockwell Inc. reported the following results for the year ended June 30, 2016:
Retained earnings, July 1, 2015 $3,900,000
Net income, 714,000
Cash dividends declared, 100,000
Stock dividends declared, 50,000
Prepare a retained earnings statement for the fiscal year ended June 30, 2016. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter all amounts as positive numbers. The word "Less" is not required.

Answer:

1) The cost of something is what you give up to get it

Explanation:

Manuel is giving up earning $ 12 in his job for an hour swimming. Where he also has to pay an entrance fee of $ 4 for the pool. The real cost to him for swimming an hour is: $16.

Answer:

1) The cost of something is what you give up to get it

Explanation:

There are unlimited wants but limited resources available to satisfy these wants. Hence a scale of preference which shows these wants in order of importance is developed.

Due to the limited resources, not all wants can be satisfied hence the concept of opportunity cost which is the cost of the alternative forgone.

In this situation, the opportunity cost for swimming  is the $12 that would have been earned if he had gone to work.

Answer:

$2,014

Explanation:

Given:

Number of shares sold = 200 shares

Price per share = $19

Initial margin = 53%

Now,

the total value of the equity = Number of shares × Price per share

or

the total value of the equity = 200 × $19 = $3,800

Therefore,

The initially required equity = value of the equity × Initial margin

or

The initially required equity = $3,800 × 53% = $2,014

Time has a significant impact on the elasticity of supply. A product can become more elastic in the long run as suppliers have more time to make necessary adjustments. In the short run, a product is typically less elastic due to constraints.

In the short run, suppliers may find it difficult to adjust their production levels due to constraints such as fixed inputs and limited time. This often leads to a less elastic supply. However, over time, suppliers can make necessary adjustments, such as increasing their capacity, finding alternative suppliers, or investing in new technology. This can make the supply more elastic in the long run.

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Answer:

a) net income will increase

Explanation:

The business must record the Account Receivable (Debit – Asset increased) against de income for the Revenue (Credit – Equity increased). Then will record the loss for the Cost of Sold Goods (Debit – Equity decreased) against the exit of the sold goods (Credit – Asset – decreased). As the income (Revenue) will be larger than the loss (Cost of Sold Goods), the Net Income will be increased.

Final answer:

At the time a sales invoice is issued for services to be collected later, net income increases due to revenue recognition, even though cash has not yet been received. This transaction does not immediately affect liabilities, other assets, or equity.

Explanation:

When a business issues a sales invoice for services rendered to a client, to be collected at a later time, the transaction impacts the accounting equation in a specific way. At the time the invoice is issued, the business recognizes the revenue earned - even though it has not yet received the cash. This scenario increases both net income and accounts receivable, an asset, reflecting the right to collect money in the future.

Given these changes, the correct statement is that net income will increase (a). Liabilities will not increase because the transaction does not involve borrowing or creating a new payable; assets will not decrease since the service has been provided but payment is yet to be received; and equity will not decrease because the revenue increases net assets, part of which is equity.

Answer:

The correct answer is task definition.

Explanation:

A task describes a unit of work. Each task is carried out by specific roles. The granularity of a task normally ranges from a few hours to a few days. It usually affects a work product or a small number of them. Tasks do not necessarily have to be used as a basis for planning and monitoring progress. They are often too granulated for such a task; the groupings of activities of the tasks tend to be preferable units for planning and monitoring.

A task has a clear objective, usually expressed in terms of creating or updating some work products, such as models, classes or plans. In a task, each realization role achieves a well defined objective. A task provides complete step-by-step explanations of the work that must be done to achieve that goal. This description is complete, regardless of the time in the life cycle of a process in which the work should be performed. Therefore, it does not describe each task at all times, but describes all the work that is carried out throughout the life cycle of development that contributes to achieving the objective of the task.

Answer: must allow shoppers to go back to their shopping cart when using their desktop computer.

Explanation: It important to use strategies that maximise the size of the mobile screens of people's phones when making a mobile website. This makes it easier for people to return to their shopping cart when they are on their desktop computer, thereby allowing them to carry on again on their desktop, to complete their purchase.

Answer:

It represents a cause

Explanation:

If it is on the right side of the function it means that it is one of the independent variables that explains the dependent variable (located on the left side of the function). What the function is representing is the influence that the independent variable (the cause of the dependent variable) has on the dependent variable (the effect that the cause or causes are being sought).

Final answer:

In an economics function, the variable on the right-hand side that does the explaining is known as the independent variable. These variables represent the causes or explanatory factors that influence the dependent variable, which is the effect seen on the left-hand side of the equation.

Explanation:

Often in economics, functions describe cause and effect. In an economics function, the variable on the right-hand side, which represents the causes or the explanatory variables, is typically known as an independent variable. For instance, consider a function that determines your GPA based on certain factors:

GPA = 0.25 x combined_SAT + 0.25 × class_attendance + 0.50 × hours_spent_studying

In this function, 'GPA' is the dependent variable, or the effect, which appears on the left-hand side of the equation. The factors on the right-hand side, 'combined_SAT', 'class_attendance', and 'hours_spent_studying', are the independent variables—they explain or predict the dependent variable. Such mathematical representations help economists to analyze relationships between different economic entities and to predict how changes in one aspect can affect another.

Answer:

calculate the ending balance.$1200

Explanation:

                                                       Cash account  

                                                          Deb Cre

Receive cash from customers       16400  

Pay cash for employee salaries                 10400

Pay cash for rent                                          4400

Receive cash from sale of equipment 9400  

Pay cash for utilities                                  2400

Receive cash from a bank loan         5400  

Pay cash for advertising                          8400

Purchase supplies on account  4400

                                                       31200 30000

ending balance                                  1200  

To calculate the ending cash balance in the Cash T-account, all cash inflows and outflows from the provided transactions are recorded, resulting in an ending cash balance of $5,600 after accounting for all the listed transactions.

The subject of this question is Business, specifically focused on accounting principles as applied to keeping a Cash T-account and calculating the ending balance. When posting transactions to a Cash T-account, increases in cash (inflows) are added on the debit side, while decreases (outflows) are recorded on the credit side.

To calculate the ending cash balance, we start with an assumed beginning balance of zero (unless otherwise provided), add all the cash inflows, and subtract cash outflows. For the transactions given:

Now, calculate the ending balance:

Ending Balance = Begin Balance + Cash Inflows - Cash Outflows

Ending Balance = $0 + ($16,400 + $9,400 + $5,400) - ($10,400 + $4,400 + $2,400 + $8,400)

Ending Balance = $31,200 - $25,600

Ending Balance = $5,600

Therefore, after posting all the transactions, the ending cash balance in the T-account is $5,600.

Answer:

B. Require him to break for fluids, then let him continue

Explanation:

According to my research on labor ethics, I can say that based on the information provided within the question you should require the worker to break for fluids, then let him continue. This can be said because when working at a very physical job the body needs plenty of fluids to stay hydrated, that being said each person knows what they are feeling and what they can or cannot handle, so you should let him continue working if he can.

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Answer:

True

Explanation:

It is the job of planning team, to analyse and represent all the prospects of a project. In regards all the prospects includes:

governmental and non-governmental prospects,

the private sector involvement,

all the owners for infrastructure as would be highly significant to each project.

All the roles and impact of civic leaders, etc:

As the planning team is responsible to collect and analyse the data properly before executing any projects.

Answer:

D. Julia saves more in rent than she spends on commuting to work

Explanation:

As we are rational agents, we need to optimize our resources in this exercise are money and time, in the statement Julia walks to her job but does not say anything about she dislikes commuting, but Amanda dislikes that, nevertheless when she decide move to the suburb further away must be a logical decision it means that she is going to save more in rent than she spends on commuting, it's a decision that is not influence for the Amanda behaviour and the options B and C don't have sense and there are lack of information to assume that, for this the answer is D it's a stuation when she wins

Option D provides the most plausible explanation for Julia's decision to move to a suburb farther away, suggesting that she saves more in rent than she spends on commuting thereby the longer commuting time.

The question asks us to identify which of the statements given would best explain Julia's decision to move farther away from her workplace, a decision that seemed surprising to her colleague, Amanda.

Looking at the options, the most reasonable explanation for Julia's behavior would be option D. This statement suggests that, despite having to commute longer to work, Julia's move to the suburbs allows her to save more on rent than she spends on commuting. Therefore, her decision could be financially motivated, an explanation which resolves the confusion for Amanda.

Although some might consider option E, indicating the city's high crime rate, as a plausible motivation for Julia's decision to move, it does not directly relate to Amanda's surprise about Julia's longer commuting time. Therefore, it seems more likely that Julia's decision is driven by financial savings.

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Answer:

environmental

Explanation:

According to my research on different types of economics, I can say that based on the information provided within the question this philosophy is consistent with environmental economics. This is a type of economics that focuses on dealing with the relationship  between the economy and the environment. In this situation we are seeing how fuel prices (economy) affect the quality of life of the citizens (environment).

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Answer:

and it maybe wrong but this is what i came up with

Explanation:

56.00

Answer:

The answer is B, They are problems caused by failures in systems, procedures, and policies.

Explanation:

Accounting anomalies are when perpetrators commit fraud against their employers, accounting records such as documents, journal entries, ledgers, or financial statements are often altered, forged, or missing.

Answer:

The correct answer s Organizing.

Explanation:

Organization is to design and determine the organizational structure, provide for personnel requirements, assign roles and tasks to the person, anticipate the need for materials, machinery, establish work processes and allocate the resources required.

Integration of personnel: It is the process of capturing, selecting, assigning and training the personnel, as well as assigning the authority and the tasks that must be carried out individually and the equipment for the progress of the organization.

Answer:

Product costs are.

Explanation:

Often the information needed by internal managers stands in sharp contrast to external reporting requirements promulgated by Generally Accepted Accounting Principles (GAAP).

GAAP requires full costing and management decision making requires incremental information.

According to GAAP, all manufacturing costs must be treated as product costs, and all selling and administrative costs must be treated as period costs.

Material cost + labor costs incurred directly in producing the product + other production or indirect production overhead costs.

If the products are in inventory, the costs are recorded as assets. If they have been sell, the are recorded as costs of goods sold.

Answer: Option D

Explanation: Mary Parker believed that management is the art of making people do things you want. To achieve this both senior and subordinates should work in collaboration.

In the given case, the employees in the organisation are starting cliques, that is they are not accepting the outsiders and are not communicating with them. Thus, if the employees develop an attitude that they are a community then they could collaborate with each other.

Hence from the above we can conclude that the correct option is D.

Answer:

Quality.

Explanation:

Garvin´s definitions of quality based on the perspective of the viewer (perception is reality):

-Transcendent. quality is intuitively understood but nearly impossible to communicate.

-Product based. quality is found in the components and attributes of a product.

-User based. if the costumer is satisfied, the product has good quality.

-Manufacturing based. if the products conforms to desing specifications, it has good quality.

-Value based. if the product is perceived as providing good value for price, it has a good quality.

Garvin´s dimensions of product quality are:

Performance, features, reliability, conformance, durability, serviceability, aesthetics, and perceived quality.

These different dimensions of quality are not mutually exclusive.

Answer:

The profit that they keep to reinvest in the business is recorded as  D : retained earnings.

Explanation:

Retained earnings (RE) is the amount of net income left over for the business after it has paid out dividends to its shareholders.

Answer: Business process improvement

Explanation: It is the process under which the managers tries to find out the grey areas in the system. In such a system the management evaluates their structures using different methods with the objective of improving accuracy and efficiency in operations.

In the given case, the company is taking various different decisions to reorganize their business structure.  

Thus from the above we can conclude that the management is using business process improvement.

Answer:

The correct answer is Customer retention.

Explanation:

Customer retention is the activity that sales organizations carry out in order to reduce the loss of customers. Successful customer retention begins with the first contact an organization has with a customer and continues throughout the life of the relationship. A company's ability to attract and retain new customers is not only related to its product or service, but also with the way in which it serves its current customers and the reputation it creates within and through the markets.

Customer retention is more than giving the customer what they expect, it is about exceeding their expectations so that they become loyal defenders of the brand. . The creation of customer loyalty puts 'value for the customer in place of maximizing profits and value for shareholders as the center of business strategy.' The key differentiation in a competitive environment is often the delivery of a high level.

These sales tactics exemplify using data mining for customer re-engagement, aiming to draw back customers who have not purchased in a while but have shown prior high-value engagement.

Doc Robertson Designs is utilizing data mining techniques to target customers who previously spent a significant amount on their products but have not made a purchase in the last 18 months. By inviting these customers to an exclusive sales event offering a discount of 35%, the store is employing data mining for customer re-engagement and retention strategies. This practice seeks to revive interest among potentially loyal customers and encourage repeat business, effectively using past purchase data to predict and influence future buying behavior.

Answer:

The demand for Goodyear tires could be more elastic than the demand for all tires because Goodyear tires have more close substitutes

Explanation:

The elasticity in the demand of a product is the increase or decrease in the demand for a product due to the change of a price, when the demand is more elastic means that the percentage change in the increase in the demand is bigger than the the percentage change in the fall in the price of a product and the percentage change in the fall the demand is bigger than percentage change in the rise of a product. A great example of an elastic demands is when a product has close substitutes, beacuse if the prices rices you can change the brand for other substitutes.

The demand for Goodyear tires is likely more elastic than the demand for all tires because Goodyear tires have more close substitutes, allowing consumers to easily choose another brand if prices increase.

The demand for Goodyear tires could be more elastic than the demand for all tires likely because Goodyear tires have more close substitutes. Elasticity of demand indicates how sensitive the quantity demanded is to a change in price. When products have close substitutes, consumers can easily switch to another brand if the price of one brand increases, making their demand more elastic. This contrasts with goods that are necessities or have few substitutes, which tend to have inelastic demand because consumers cannot easily find alternative products and must purchase the item even if the price rises.

Answer:

A.

Explanation:

Lean system, also called lean manufacturing, is a continuous elimination of waste from all process, using the ideas of all employees, especially those at the lower levels of the organization.

Process of Inventory Tracking:

-Sensors. to track real time movements and location of raw materials, work in progress and finished goods, and high value tooling.

-Analytics. to optimize inventory on hand and automatically signal for replenishment.

Advantages:

-This process freeing up employees for more valuable tasks.

-Inventory accuracy.

-Cost cutting.

-Improved data visibility.

-Preventing stock issues.

-Better customer service.

Answer:

False

Explanation:

The fact that they are provided with useful information does not inhibit them from buying it some where else.

Answer:

Market orientation

Explanation:

Market orientation is a kind of business philosophy in which the company focuses on finding out the needs of the consumers and developing the solutions to meet the needs of the consumer.

Here, the Apple conducts the marketing research to find out the customer needs and upgrade the devices to new models to meet the needs of the consumer.

Answer:

The correct answer would be, Monitor.

Explanation:

Emma, the marketing manager, is constantly seeking information about her competition while looking online or speaking to people. Emma is playing the role of a Monitor.

Monitor's role is to reassure the professionals or institutions about the stability of the company. Monitor sets a close look at the competitors and the possible competition he can encounter, while working on making networks. Monitors make networks by talking to people and have a look at every possible beneficial detail. So the Marketing managers usually act as the monitors. This is because they can have all the information which is required to formulate the powerful marketing strategy for the company.

Answer:

$3,000

Explanation:

As the total amount of investment = $8,000

This was invested partially at 9% and partially at 8%, which after a year resulted into interest revenue of $690.

Therefore, let investment @ 9% be $x

Thus, $x [tex]\times[/tex] 9% + ($8,000 - $x) [tex]\times[/tex] 8% = $690

0.09x + $640 - 0.08x = $690

0.01x = $690 - $640 = $50

x = $50/0.01 = $5,000

Therefore, amount invested at 9% = $5,000

Thus, interest = $5,000 [tex]\times[/tex] 9% = $450

Amount invested at 8% interest = $8,000 - $5,000 = $3,000

Interest thereon, = $3,000 [tex]\times[/tex] 8% = $240

Therefore, final answer

$3,000

Answer: Marginal decision making

Explanation: Her husband did not understand that while making decision, sometimes individuals have to choose option on margin basis.

If Simone decides to take all her time in the pool then she will loose the benefit she is getting from the bike. The value that Simone is getting from biking might be a little bit higher what she is getting from swimming.

This whole process brings her the overall development and its not the case of choosing one option over other.