Answer: $18,000
Explanation:
Given that,
Began 2018 with a Normal balance = $5,000
Ended 2018 with a normal balance = $11,000
Unearned Revenue account was credited = $24,000
Revenue earned by professor in 2018 :
= Beginning unearned revenue + Advance payments - Ending unearned revenue
= $5,000 + $24,000 - $11,000
= $18,000
Therefore, $18,000 revenue earned by professor in 2018.
Professor Incorporated earned $18,000 in revenue in 2018. This was calculated by using the beginning and ending balances of Unearned Revenue along with the credits made to the Unearned Revenue account throughout the year.
To calculate how much revenue Professor Incorporated earned in 2018, we can follow the accounting equation for unearned revenue.
The equation is stated as follows: Beginning Unearned Revenue + Credits to Unearned Revenue during the year - Revenue Earned during the year = Ending Unearned Revenue.
In this case:
Beginning Unearned Revenue (January 1, 2018) = $5,000 Credits to Unearned Revenue during 2018 = $24,000 Ending Unearned Revenue (December 31, 2018) = $11,000
Thus, we can calculate the revenue earned during the year as:
Revenue Earned during 2018 = Beginning Unearned Revenue + Credits to Unearned Revenue during 2018 - Ending Unearned Revenue
Revenue Earned during 2018 = $5,000 + $24,000 - $11,000
Revenue Earned during 2018 = $18,000
Therefore, Professor Incorporated earned $18,000 in revenue over the course of 2018.
Which of the following is the best example of causation (versus correlation)? A. Women's skirts get shorter and the stock market goes up. B. Oil prices go up and gasoline prices go up. C. The groundhog sees its shadow and winter lasts longer. D. Ice cream sales and the number of drownings.
Answer:
B.
Explanation:
We are analizing events that are dependant. Cause and effect.
So let's analize the statements.
A. Not related at all. No cause and effect. Can happen together, but not related.
B. Gasoline is a derivative of oil. If oil prices go up, gasoline prices go up.
C. Not related at all. No cause and effect. Can happen together, but not related.
D. Not related at all. No cause and effect. Can happen together, but not related.
The Coffee Collective is seeking to identify customers who want a unique coffee-drinking experience and are open to a loyalty rewards program. In doing so, the Coffee Collective is determining its ___________.
Answer: Market segment
Explanation: A market segment can be defined as group of potential customers of an organization. Such grouping is done by the organization on the basis of similar preferences of individuals. The organisations in the market do this to ensure their target market, so that they can enforce their marketing strategy in such markets.
In the given case, coffee collective is trying to identify customers that have a certain preference. Hence we can conclude that coffee collective is determining its market segment.
Company A charges $331.35 per week for a compact car with unlimited miles. Company B charges $175 per week plus $0.53 per mile, for the same car. How many miles must be driven in a week so that company A is a better deal than company B?
Answer:
so basically anyhting over 295 :)
Explanation:
331.35 = 175 + (0.53m)
156.35 = 0.53m
295 = m
Answer: more than 295
Explanation: we need it to cost more than company's A deal so:
175 + 0.53x > 331.35
subtract 175 from both sides
0.53x> 156.35
divide 0.53 from both sides
x> 295
Enna works at the grocery store and earns $9 an hour. She is busy with extracurricular activities and only works 20 hours during the week. However, she picks up an eight-hour Sunday shift once a month, for which she earns time and a half. Jenna also lives at home and has health insurance under her mom's plan. She is expected to pay for her own car repairs, maintenance and gas, as well as her auto insurance, which costs $1,000 a year. Jenna wants to take a trip to Mexico with her friends next year, which will cost $1,500. *Remember to compute net pay by taking 20% out for taxes.
Answer:
Jenna's net tax payment is $ 633.6
Explanation:
because;
$9 * 20 hour * 1 week = $180 h/w
$180 h/w * 4 week/ 1month = $720 h/m
$9 * 8 hours * 1 sunday = $72 h/s
$720 + $72 = $792 - 20% taxes = $633.6
$633.6 is jenna's basic salary
monthly expenses of $83.33
$633.6 - 83.33 = 550.27.
Monthly savings for the trip to Mexico is $125
Jenna earns $207 per week, summing up to an annual income of $10,764. After 20% tax deductions and anticipated expenses of $2,500, Jenna is left with $6,111.20 at the end of the year.
Explanation:First, let's calculate Jenna's weekly income. She earns $9 per hour for 20 hours which is $180. Once a month she works an 8-hour Sunday shift earning time and a half, so that amounts to $9 x 1.5 x 8 which is $108. Since it's only once a month, we should divide this by 4 to get an average weekly income from the Sunday shift which is $27. Thus her average weekly income is $180 + $27 which is $207.
Before we factor in her taxes and expenses, let's calculate her annual income. Since there are 52 weeks in a year, she earns $207 x 52 which is $10,764.
Jenna needs to account for taxes. If she pays 20% of her income in taxes, we calculate $10,764 x 0.20 which gives us $2,152.80. Subtracting this from her income, she's left with $10,764 - $2,152.80 which is $8,611.20.
To calculate her net income, we then subtract her total annual expenses: her auto insurance which is $1,000 and her trip to Mexico which will cost $1,500. This will be $8,611.20 - $1,000 - $1,500, leaving Jenna with $6,111.20 at the end of the year, after taxes and her expenses for car insurance and her trip to Mexico.
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Mr. Jones, the department manager, told his employees that he wanted them to write down their work goals for the year. To help his workers achieve their stated goals, the next thing that he should ask for are each worker's ____.-code of ethics-business plan-personal vision-values-action plan
Answer:
The answer is action plan.
Explanation:
Each worker´s action plan should be a detailed outline of all the actions or activities the employee should perform in order to achieve his (her) goals and fulfill his (her) activities successfully.
Bubble-Up, Inc., is a small manufacturer of educational toys for children under age 10. It has co-existed with three other competitors in the educational toy industry for over 20 years, each of them maintaining a stable market share. There is a widespread rumor that Mega-Toy, Inc., the market leader in the broad children's toy market, has decided to target educational toys. Which of the following statements is MOST likely true?a. The owners of Bubble-Up are unconcerned about Mega-Toy's entry to the market because of the resource dissimilarity between the firms.
b. Bubble-Up's greater organizational slack will allow it to aggressively attack Mega-Toy.
c. Bubble-Up's smaller size may make it more flexible in introducing innovations than Mega-Toy.
d. Competitive rivalry will not increase for Bubble-Up because Mega-Toy is not dependent on the educational toy market.
Answer:
c. Bubble-Up's smaller size may make it more flexible in introducing innovations than Mega-Toy.
Explanation:
As Bubble UP is a small organization, it does not have significant market share and also it do not have huge cost as the production is low, accordingly if it invents or innovates a new set of toys, then it will be really easy for the organization to do so.
This is because the organization's small size is a benefit, as even in case of losses through innovation the losses will be small because of small investment, whereas losses that of the Mega Toy in case of unsuccessful innovation will be huge.
Bubble-Up's smaller size may provide it with the flexibility to innovate and adapt more quickly than Mega-Toy, despite Mega-Toy's entry into the educational toy market potentially increasing competitive rivalry.
When Mega-Toy, Inc., a market leader in the children's toy market, decides to target the educational toy industry, it is most likely that Bubble-Up's smaller size may make it more flexible in introducing innovations than Mega-Toy (option c). This is because smaller firms often have more agility and can adapt quicker to market changes compared to a large company that may be encumbered by its own scale and complexity. Furthermore, considering that markets can move towards monopoly in the absence of competition where firms can push out smaller competitors, Bubble-Up must remain vigilant and responsive. As a small manufacturer co-existing with several competitors, maintaining a stable market share implies some level of success in satisfying consumer needs. However, with Mega-Toy's entry, the competitive landscape will change, potentially increasing the competitive rivalry Bubble-Up faces, despite Mega-Toy's existing non-dependence on the educational toy market (option d is unlikely).
The third and fourth principles of ______________suggest that organizations should give workers the training and incentives to do their tasks properly, and should use scientific principles to plan work methods and ease the way for workers to do their jobs.
Answer:
scientific management
Explanation:
scientific management approach look to be efficient and in order to achieve that it will try to provide the worker with all the tools possible.
ALL OF MY POINTS!!!!!! (99)
How well acquainted with a sport would a publicist need to be in order to do his or her job effectively?
Final answer:
A publicist must be well acquainted with a sport to accurately handle press relations, create compelling content, and navigate gender-specific challenges in sports writing.
Explanation:
A publicist needs to have a strong acquaintance with the sport they are representing in order to be effective in their job. This knowledge enables them to present the news accurately, handle press conferences proficiently, and produce compelling sports writing. By being well-informed, they can create strategic media releases, engage with sports journalists, and utilize social media to their advantage, thus influencing how viewers perceive athletes and sports events.
Moreover, a deep understanding of the sport allows the publicist to effectively navigate the media landscape, where they may need to stage photo ops, prepare athletes for interviews, or update online content. This expertise is critical in crafting messages that resonate with both fans and the press while supporting the image and brand of the sport or athletes they represent.
Differences in experiences between women and men journalists in the field of sports writing also suggest that a nuanced approach tailored to the specific challenges faced by different demographics can be essential for a publicist to manage effectively.
George Steinbrenner transferred his passion for winning to everyone in the New York Yankees organization. His famous quote is, "Winning is the most important thing in my life, after breathing. Breathing first, winning next."
What function of management?
Answer: Leading function
Explanation: In the leading function of management, the mangers tries to influence the behavior of its subordinates to motivate them so that they work efficiently to achieve organisational goals. This function focuses on employees participation and motivation.
Thus, the quoting of George steinbrenner is an example of leadership as he is motivating others in the organisation.
Assume France and Mali can both produce grain and dates, and that the only limited resource is the farming labor force, meaning that land, water, and all other resources are plentiful in both countries.
Each farmer in France can produce 10 metric tons of grain or 5 metric tons of dates in a season. Each farmer in Mali can also produce 10 metric tons of grain or 25 metric tons of dates. Please answer the four questions below.
1. Which country has the absolute advantage in producing dates?
2. Which country has the absolute advantage in producing grain?
3. Which country has the competitive advantage in producing dates?
4. Which country has the comparative advantage in producing grain?
Answer:
In France:
Farmer can produce = 10 metric tons of grain or 5 metric tons of dates in a season
In Mali:
Farmer can produce = 10 metric tons of grain or 25 metric tons of dates.
(1) Mali has the absolute advantage in producing dates because Mali produces more metric tons of dates than France from the same level resources.
(2) No country has an absolute advantage in producing grain because same amount of grain were produced by both the countries with the same level of resources.
(3) Opportunity cost of dates in France = [tex]\frac{10}{5}[/tex]
= 2 grain
Opportunity cost of dates in Mali = [tex]\frac{10}{25}[/tex]
= 0.4 grain
Therefore, Mali's opportunity cost of producing dates is lower than France, so Mali has a comparative advantage in producing dates.
(4) Opportunity cost of grain in France = [tex]\frac{5}{10}[/tex]
= 0.5 dates
Opportunity cost of grain in Mali = [tex]\frac{25}{10}[/tex]
= 2.5 dates
Therefore, France's opportunity cost of producing grains is lower than Mali, so France has a comparative advantage in producing grains.
Mario Company has total fixed costs of $ 550 comma 000. Total fixed and variable costs are $ 612 comma 500 at a production level of 215 comma 000 units. The fixed cost per unit at a production level of 300 comma 000 units is
Answer:
$1.83
Explanation:
Fixed costs are those costs which are not output dependent. Are fixed till certain level of production. It doesn’t depend on the level of activity or output.
$550.000 / 300.000 units = $1.83 fix costs per unit
Total costs are equal to total fixed costs plus total variable costs.
Per unit, the equation is:
Total costs per unit = (total fixed costs / units of production) + unit variable costs.
First scenario
Total costs = total fixed costs + total variable costs.
$612.000 = $550.000 + total variable costs.
Total costs per unit = (total fixed costs / units of production) + unit variable costs
$612.000/215.000 units = ($550.000/215.000) + unit variable costs
$2.84 - $2.56 = unit variable costs
$0.29 = unit variable costs
Second scenario
Total costs = total fixed costs + (unit variable costs * units of production)
Total costs = $550.000 + ($0.29 * 300.000)
Total costs = $550.000 + $87.000
Total costs = $637.000
Suppose Joe's wage increased from $10 per hour to $12 per hour, and over the same time period the GDP deflator increased from 100 to 130. What can you correctly say about what Joe gets out of working?
Answer:
Explanation:
Im prettier sure if u add them with a calculator it could come out with the answer and it may add up too the correct answer
While Joe's nominal wage increased from $10 to $12 per hour, the real purchasing power of his wage decreased due to inflation increasing by 30% (GDP deflator from 100 to 130), exceeding his 20% wage rise. Joe is effectively earning less in real terms.
Explanation:The question asks us to evaluate the effect of a wage increase for Joe, from $10 per hour to $12 per hour, against the backdrop of an increase in the GDP deflator from 100 to 130. This analysis essentially involves understanding how inflation affects real income. The GDP deflator rising from 100 to 130 signifies a 30% increase in price levels across the economy, implying inflation. Joe's wage has increased by 20%, from $10 to $12. However, to maintain the same purchasing power as before, Joe's wage needed to increase at the same rate as inflation, that is, by 30%. Since the wage increase (20%) is less than the inflation rate (30%), Joe's real wage, which measures the purchasing power of earned income, has effectively decreased. He is earning more in nominal terms but less in real terms because his wage increase has not kept pace with inflation.
If a CPA who is a member of the AICPA fails to abide by the Principles section of the AICPA’s Code of Professional Conduct, but otherwise acts in conformity with the Code, the CPA’s membership in the AICPA will potentially be:
a. Suspended for a period of up to 30 days
b. Suspended for a period of up to one year
c. Revoked, with the right to apply for reinstatement after one year
d. Not subject to any form of punishment regarding the license to practice accounting
Answer:
The correct answer is D. Not subject to any form of punishment regarding the license to practice accounting
Explanation:
The accounting professional should use their professional judgment to make their decisions, consult a guide such as the Code of Conduct, give some guidelines on what is the correct behavior, to apply the rules and reach correct conclusions.
However, when the professional acts fraudulently, he will be responsible to the competent authorities. When it does not follow the guidelines but still acts under the law, it cannot be sanctioned.
While reconciling your check register to your bank statement, you notice that your check register balance is $1250.00, while your bank statement balance is $1205.00. Describe what might account for the difference between the two balances.
The difference between the check register balance and the bank statement balance can be due to outstanding checks, automatic withdrawals not yet cleared, or deposits made but not yet updated in the check register.
Explanation:The difference between your check register balance and your bank statement balance can be accounted for due to several reasons. First, checks that you might have written may not have been cashed yet and hence may not be reflected in your bank statement. Also, there might be transactions or automatic withdrawals such as bank fees or direct debits that have not cleared yet, thereby not included in the check register balance. Lastly, the bank might have credited certain deposits which have not been updated in your check register. It's important to regularly reconcile your check register with the bank statement balance to ensure all transactions are accurately recorded.
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"The difference between the check register balance and the bank statement balance is $45.00 ($1250.00 - $1205.00).
This discrepancy could be due to several reasons, including but not limited to:
1. Outstanding Checks: One or more checks that have been written and recorded in the check register may not have been cashed or cleared by the bank yet. 2. Deposits in Transit: A deposit that has been recorded in the check register but has not yet been processed by the bank would cause the bank statement balance to be lower than the check register balance. 3. Bank Fees: Service charges, monthly fees, or other bank fees that have been deducted from the account may not have been recorded in the check register. 4. Interest Income: If the account earns interest, the bank may have credited interest to the account that has not yet been entered into the check register. 5. Errors: There could be an error in the check register, such as an incorrect starting balance, a mathematical mistake, or a transaction that was either recorded incorrectly or not recorded at all. Similarly, there could be an error on the bank statement, although this is less common.To reconcile the accounts, one would need to review all transactions recorded in the check register against the bank statement, taking into account any of the above possibilities that might apply.
Example Reconciliation
- Check Register Balance: $1250.00
- Bank Statement Balance: $1205.00
1. Outstanding Checks: You wrote a check for $45 that has not cleared the bank yet.
2. Deposits in Transit: No deposits in transit.
3. Bank Fees: The bank charged a $10 maintenance fee not recorded in your check register.
4. Interest Earned: The bank credited $5 interest not recorded in your check register.
Adjustments:
- Outstanding Checks: -$45
- Deposits in Transit: $0
- Bank Fees: -$10
- Interest Earned: +$5
Adjusted Check Register Balance:
1250.00 - 45 - 10 + 5 = 1200.00
Adjusted Bank Statement Balance: 1205.00
Now, both the adjusted check register balance ($1200.00) and the adjusted bank statement balance ($1200.00) match, explaining the discrepancy.
Once all discrepancies are identified and accounted for, the balances should match. If they do not, it may be necessary to contact the bank for clarification or to correct any errors.
Frank Barlowe is retiring soon, so he is concerned about his investments providing him steady income every year. He is aware that if interest rates _____, the potential earnings power of the cash flow from his investments will icrease. In particular, he is concerned that a decline in interest rates might lead to _____ annual income from investments. What kind of risk is Frank most concerned about protecting against?a. interest rate riskb. reinvestment rate riskTrue or false: assuming all else is equal, short-term securities are exposed to higher reinvestment rate risk than long-term securities.a. trueb. falso
Answer: He is aware that if interest rates increase, the potential earnings power of the cash flow from his investments will increase. In particular, he is concerned that a decline in interest rates might lead to less annual income from investments.
Frank is most concerned about protecting agains the "b. reinvestment rate risk" because it is the risk that interest rates will fall and therefore the investor must reinvest the cash flows of current assets at a lower rate than he did at the beginning. And as a consequence there is a decrease in income.
True or false: TRUE. Because Cash flows receivable in the short term are closer to being reinvested than cash flows receivable in the long term.
Frank Barlowe is worried about reinvestment rate risk, which is a concern when interest rates decline and reduce future investment income. The statement that short-term securities have higher reinvestment rate risk than long-term securities is false.
Explanation:Frank Barlowe is primarily concerned about reinvestment rate risk. This risk arises when the interest rates decline, and the future cash flows from his investments potentially generate less income when they are reinvested. In the case of a decline in interest rates, Frank is worried that his annual income from investments could decrease, indicating that he is trying to protect against reinvestment rate risk.
For the true or false question, the statement is false. Assuming all else is equal, short-term securities are exposed to lower reinvestment rate risk compared to long-term securities. This is because short-term securities mature more quickly, which provides more frequent opportunities to reinvest at potentially higher rates, while long-term securities lock in the interest rate for a longer period, hence higher risk of rates falling during this time.
Fiona shares an office with her exminus−husband. Her share of the rent and utilities is $625 per month. She is considering moving to a home office which she will not have to share with anyone. The home office will not cost her anything as far as extra rent or utilities. Recently, you ran into Fiona at the gym and she tells you that she has moved into her home office. Fiona is as rational as any other person. As an economics major, you rightly conclude that ______
Answer:
Th answer is: She definitely made the right choice.
Explanation:
As an economics major and a rational human being I can firmly state that Fiona is not only saving $625 per month in rent and utilities, but also on several different aspects of her life that will probably boost her productivity. She is not only saving money on the rent, she probably is also saving some money (and time) in transportation costs. Also she´ll probably save money on other expenses that are usually not considered important but can be significant, for example:
Food and beverages: it´s always cheaper to eat at home.Clothing: if her work doesn´t require clients to personally visit her office, she can save money by wearing regular daily clothes instead of more fancy office type garments. Etc.Besides the previous advantages, not seeing and dealing your ex-anything again, as Mastercard said it, is PRICELESS.
In the United States individualism is highly valued, and in Korea and Japan individuals are expected to conform to group expectations. In the context of the general environment, this is an example of a(n) __________________ force.
Answer:
sociocultural
Explanation:
According to my research on studies conducted by various sociologists, I can say that based on the information provided within the question this is an example of a sociocultural force. Sociocultural factors are customs, lifestyles and values that characterize a society. Which is what the people of Korea and Japan are expected to do.
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The unadjusted trial balance for Supplies shows a normal balance of $634. If $432 of supplies were used during the period, the adjusted balance for Supplies would be a:
Answer:
The adjusted balance for Supplies would be a $202
Explanation:
The adjusted balance for supplies is shown below:
= Normal balance - supplies used
= $634 - $432
= $202
We deduct the supplies used the balance from the normal balance because the supplies are already used, and the used supplies are of no use that's why we deduct it from the supply balance.
We pass the journal entry for better understanding
Supplies expense A/c Dr $202
To Supplies A/c $202
(Being supplies account are adjusted)
Of the $840 billion American Recovery and Reinvestment Act stimulus package which wasenacted in 2009, approximately one-third took the form of ________ and two-thirds took theform of increases in ________.A) discretionary government spending; transfer payments B) treasury bond purchases; the money supplyC) tax rebates; tax cuts D) tax cuts; government expenditures
Answer:
The correct answer is D) tax cuts; government expenditures.
Explanation:
United States Recovery 2009 is a federal public law passed by the 111th United States Congress and signed by President Barack Obama. Its legislative history had three versions, the first approved by the House of Representatives, and a second version approved by the Senate. The final version - a conference version resulting from the negotiations of the House of Representatives and the Senate - was approved by the leadership of both houses of Congress on February 13, 2009, and signed on February 17 of that year by the president Barack Obama.
Based largely on major proposals made by President Barack Obama, the United States Recovery Act and the Reinvestment Act are intended to provide a stimulus for the US economy. UU. as a result of the economic recession caused by the subprime mortgage crisis and the consequent credit shortage.
The Tim Hortons chain accounts for more than half of all the donut and coffee stores in Canada. The chain's red-and-white store banners are fixtures in many Canadian communities. In 2001, the first Tim Hortons appeared in the United States through a contractual agreement allowing an independent operation to adopt Tim Hortons' entire way of doing business. This agreement is an example of a(n)____
Answer:
franchise
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question this agreement is an example of a franchise. This is an agreement between two entities, the Franchisor and franchisee. The Franchisor is the original business that sells the rights to use its name and idea to the Franchisee.
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The Caucasus Mountains along the northeastern border of Georgia (one of the former Soviet republics) makes it difficult for the nation to trade with other former Soviet republics that are to its north and east. The mountain range acts as _________________
Answer:
The answer is: natural barrier
Explanation:
The Caucasus Mountains are a natural barrier since it interferes with travel and trade between country of Georgia and its northern neighbors. Other types of natural trade barriers are different languages and long distances.
The other two types of trade barriers are tariff barriers (taxes, etc.) and non-tariff barriers (e.g. import quotas, embargoes, etc.).
The Caucasus Mountains serve as a geographical barrier that makes trade difficult between Georgia and other former Soviet republics to its north and east. The region's rugged terrain has historically impacted trade routes, political borders, and cultural exchanges.
Explanation:The Caucasus Mountains act as a significant geographical barrier that complicates trade and travel between Georgia and the former Soviet republics located to its north and east. This mountain range encompasses the region between the Black Sea and the Caspian Sea and includes countries such as Armenia, Georgia, and Azerbaijan. It has served as a strategic and cultural crossroads throughout history, but its rugged terrain and significant elevation changes can hinder easy movement and communication.
The Caucasus region, due to its mountainous geography, has often formed a natural barrier much like the historic Iron Curtain, influencing political, social, and economic interactions. Georgia's location in the Caucasus Mountains offered pathways between various empires and facilitated trade and conquest; however, the same terrain now presents challenges for establishing efficient trade routes with neighboring regions.
Overall, the geography of the Caucasus Mountains region has had a profound impact on the historical and contemporary relationships between the countries of the area, including the complexities of trade, politics, and cultural exchange.
A research team wishes to examine whether a county's potential investment in perinatal care programs is likely to yield savings in health care and public assistance costs over the coming decades. The research team is MOST likely to perform a:
a) significance test.
b) meta-analysis.
c) cost-benefit analysis.
d) factor analysis.
e) cost-benefit analysis
Answer:
The correct answer is c) cost-benefit analysis.
Explanation:
The cost-benefit analysis is a financial tool that measures the relationship between the costs and benefits associated with an investment project, such as the creation of a new company or the launch of a new product, in order to know its profitability .
What mainly measures the cost-benefit analysis is the cost-benefit ratio (B / C), also known as the net rate of return, which is a ratio obtained by dividing the Current Value of Net Total Income or net benefits (VAI) Enter the Current Value of Investment Costs or Total Costs (VAC) of a project.
Knowing the cost-benefit ratio of an investment project allows us to know its profitability and, for example, to know if the project is viable and how attractive it is compared to other projects.
Your net worth, or your general level of financial worth, is found by A. subtracting your liabilities from your assets. B. dividing your monetary assets by your current liabilities. C. subtracting current liabilities from monetary assets. D. dividing monthly debt (less a mortgage payment) by monthly income. E. subtracting your expenses from your income.
Answer:
A. Substracting your liabilities from your assets.
Explanation:
In essence, if you want to find out what your net worth is, you will have to sum your overall assets and subtract your liabilities. The overall assets include everything you possess, including the financial worth of your house and the money you have in your bank account. The liabilities, on the other hand, refer to the financial debts such as your credit card bill, property loans, etc.
Marsha is a sole proprietor of a small quilting shop. She has considered changing her business structure, but she cannot find an alternative structure that would give her the main advantage she enjoys as a sole owner. The major advantage is that she
a. receives all the profits.
b. assumes very limited risk.
c. receives dividends.
d. is taxed as a corporation
On May 1, the City of Dustin was notified of approval of a $300,000 federal operating grant, payable on a reimbursement basis as the city expends resources for the intended purpose of the grant. As of May 1, no expenditures had been made for grant purposes. The journal entry to record approval of this grant will include:
A) A credit to Revenues in the amount of $300,000.
B) A credit to Deferred Resources- Grant Proceeds in the amount of $300,000.
C) A debit to Grants Receivable in the amount of $300.000.
D) No journal entry will be made until expenditures for the authorized purpose occur.
Answer:
The correct answer is D) No journal entry will be made until expenditures for the authorized purpose occur.
Explanation:
Remember that in accounting the rights and obligations are recognized, so that if the company has acquired a right to claim something in a future time, it must be recognized in the accounting, and also if it has acquired an obligation that a third party can demand In the future, you must recognize it.
The accounting by causation, contrary to the accounting by the cash system, recognizes a fact at the time the obligation arises in front of a third party, or when the enforceable right in favor of the entity is born.
This principle is intimately related to the principle of realization, insofar as it is affirmed that only facts must be caused, and we know that a fact has been realized when the obligation or the law is born, so the principle of causation cannot exist without First there was the principle of realization.
The application of the principle of causation means that the economic facts must be recognized and accounted for in the accounting period in which they occur, that is, in the period in which the good is sold, the service is provided or in which the obligation is legally established or the right.
Porches, Inc. sells lawn furniture. Selected financial information for the most recent year is as follows: Beginning merchandise inventory on January 1 was $ 33 comma 100. Ending merchandise inventory on December 31 was $ 35 comma 400. Purchases during the year were $ 92 comma 800. Selling and administrative expenses were $ 75 comma 700. Sales for year were $ 262 comma 900. What was operating income for the year?
Answer:
Operating Loss: -3,200
Explanation:
1 - First, let's calculates the cost of goods sold:
Cost of Sold Good: Beginning inventory + Purchases - Ending inventory
Cost of Sold Good: 133,100 + 92,800 - 35,400
Cost of Sold Good: 190,500
2 - Then we can calculated the Operating Income:
Operating Income: Sales - Cost of Sold Good - Selling and administrative expenses
Operating Income: 262,900 - 190,500 - 75,700
Operating Income: - 3,300
We will call it Operating Loss because is negative. The company expends more than its sales.
Operating Loss: -3,300
Financial analysts forecast Safeco Corp (SAF) growth for the future to be 10 percent. Safeco’s recent divided was $1,200. What is the fair present value of Safeco stock if the required rate of return is 12 percent?
Answer:
price of stock is $66000
Explanation:
We have given dividend recent = $ 1200
Growth = 10% = 0.1
Required return = 12 % = 0.1
We have to calculate price of stock
Price of stock is given by
Price of stock [tex]=\frac{D_1}{r-g}[/tex], here r is required rate and g is growth
So price of stock [tex]=\frac{D_1}{r-g}=\frac{1200\times (1+0.1)}{0.12-0.1}=$66[/tex]
So the price of stock is [tex]=\frac{D_1}{r-g}=\frac{1200\times (1+0.1)}{0.12-0.1}=$66000[/tex]
Staff-level briefings are conducted by the supervisor to introduce co-workers, clarify tasks, define the scope of work, describe sources of work supplies, and present the work schedule.
A) TRUE
B) FALSE
Answer:
A)TRUE
Explanation:
This type of briefings are normally conducted at the beginnig of an assignment and if it neccesary at any time that it is neccesary
Other kind of briefings are:
Field-Level BriefingSection-Level BriefingKaren's father is an executive for a major international corporation and has been transferred to various countries over the years. With each move, Karen is enrolled in a new school. Even though English is spoken in the schools she attends, there are students from all over the world whose parents have jobs similar to Karen's father. With each new school, Karen spends the first few weeks merely observing the other students to learn which behaviors are appropriate in specific situations because she's learned that at each school the kids behave differently. Karen is attempting to learn that student body's specific _____ regarding behavior.
A) rules.
B) guidelines.
C) precepts.
D) norms.
E) prescriptions.
Answer:
D) norms.
Explanation:
According to my research on different societal rules, I can say that based on the information provided within the question Karen is attempting to learn that student body's specific norms regarding behavior. Norms are defined as a principle of correct behavior creating a union upon the members of a group and serving to guide, control, or regulate proper and acceptable behavior. Which is what Karen is trying to learn in every new school she attends.
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_____ refer(s) to fiscal policy that is caused by the deliberate action by policy makers rather than rules. Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices Automatic stabilizers A cyclically adjusted budget balance Discretionary fiscal policy Intentional expand/contract controls
Answer: Discretionary fiscal policy
Explanation: Discretionary fiscal policy is a tool of fiscal policy used by the government to expand or shrink the economy as per the need. While performing such policy the government changes the level of tax collection or the amount of expenditure done on the economy.
It is a deliberate action by the policy makers and do not automatically accelerates while during inflation or deflation.