a company has preferred stock that can be sold for $21.25 per share. the preferred stock pays an annual dividend of 3.5% based on a par value of $100. flotation costs associated with the sale of preferred stock equal $1.25 per share. the company's marginal tax rate is 35%. therefore, the cost of preferred stock is
Answers
A company has preferred stock that can be sold for $21 per share. The preferred stock pays an annual dividend of 3.5% based on a par value of $100. Flotation costs associated with the sale of preferred stock equal $1.25 per share. The company's marginal tax rate is 35%. Therefore, the cost of preferred stock is 17.72%.
What is flotation cost?When a corporation issues new shares, it must pay fees known as flotation expenses. New equity is more expensive than existing equity due to flotation costs. Analysts contend that in order to avoid permanently overestimating the cost of capital, flotation costs should be subtracted from future cash flows as a one-time charge. The overall expense a firm incurs while selling its securities to the general public is known as the flotation cost. It results from costs including registration, legal, and underwriting fees. Legal fees, certificate printing fees, registration fees, stock exchange listing fees, and underwriting fees are some of the expenses related to flotation.
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Related Questions
A rational decision maker
Answers
Answer:yes
Explanation:because yes
1. How much is currently owed on this credit card?
a. $200
b. $245
c. $1,000
Answers
Answer:
What is the word problem??? (B)
Is it:
How much is currently owed on this credit card?
$200
$245
$1,000
Look at the Transactions section. Why is the refund marked with a positive sign?
You owe that amount on your credit card statement
You are receiving that money back onto your credit card statement
You paid that amount off last month
Before sending in your payment to the credit card company, you go to a bicycle store. How much can you spend before going over the credit limit on your card?
$0, you are already over your credit limit
$245
$755
Which of the following statements is FALSE?
If you pay the MINIMUM PAYMENT of $40.00, the bank will waive the interest charged on the balance you still owe.
If you are late in making your credit card payment, you may have to pay a $35 fee.
If you want to avoid any interest or fees, you should pay off your full statement balance by the due date.
Explanation:
Corrs Company began operations in 2019 and determined its ending inventory at cost and at lower-of-LIFO cost-or-market at December 31, 2019, and December 31, 2020. This information is presented below: Cost Lower-of-Cost-or-Market 12/31/19 $ 356,000 $ 327,000 12/31/20 420,000 395,000 (a) Prepare the journal entries required at December 31, 2019, and December 31, 2020, assuming that the inventory is recorded at market, and a perpetual inventory system (cost-of-goods-sold method) is used.
Answers
The appropriate journal entries required at December 31, 2019, and December 31, 2020, assuming cost-of-goods-sold method and loss method is used are:
Corrs Company Journal entries
a) December 31, 2019
Debit Cost of goods sold $29,000
Credit Allowance to reduce inventory to NRV $29,000
($356,000- $327,000)
December 31, 2020
Debit Allowance to reduce inventory to NRV $4,000
Credit Cost of goods sold $4,000
($356,000- $327,000)-($420,000-$395,000)
b) December 31, 2019
Debit Loss due to decline inventory to NRV $29,000
Credit Allowance to reduce inventory to NRV $29,000
($356,000- $327,000)
December 31, 2020
Debit Allowance to reduce inventory to NRV $4,000
Credit Recovery of Inventory loss $4,000
($356,000- $327,000)-($420,000-$395,000)
c) The two methods above provides the same higher net income in each year.
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What was the opening price of Dow Jones Industrial Average on May 16, 2017 in the format of XXXXX.XX?
Answers
The Opening price of the Dow Jones Industrial Average on May 16, 2017, in the format of XXXXX.XX was 20,984.48.
The Dow Jones Industrial Average, Dow Jones, or simply the Dow, is a stock market index of 30 prominent companies listed on stock exchanges in the United States.
So, Dow Jones was 20,984.48 on May 16, 2017.
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Why are credit card companies more willing to offer a young person a secured credit card than an unsecured card?
Answers
Answer: I work at a bank and we offer young person a secured card than unsecured card because people tend to steal a young persons card more than a middle aged man or woman, because people think it is just more effortless I guess.
Explanation:
100pts if you help me ..and brainleast
please correct me if im wrong
Answers
what answers applies to "fine print"
Answers
Most significant information is typically found in the fine print.
Why is reading the fine print on a credit card application important?Credit card consumers have consumer safeguards according to the Credit Card Accountability, Responsibility and Disclosure Act of 2009. To understand your rights, fines, transaction costs, and to prevent unpleasant surprises, it's crucial to carefully read your agreement, especially the tiny print.
The phrase "fine print" refers to contract terms and conditions, disclosures, or other significant information that is included in footnotes or a supplemental document and is not presented in the main body of the document.
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The information of manufacturing cost of product A and products B in
THANH company in 200N as follows:
Production cost per unit (S)
Product A
Materials 200
Wages 100
Fixed overhead 350
Variable overhead 150
Profit 200
Selling price 1000
Output per week 200
Product B
Materials 150
Wages 200
Fixed overhead 100
Variable overhead 200
Profit 350
Selling price 1000
Output per week 100
Required:
Comments on the relative profitability of product A and products B in THANH company in 200N
Answers
Manufacturing cost of both product A and product B have a profit margin of $0 per unit.
To assess the relative profitability of product A and product B in the THANH company in 200N, we need to compare their profit margins. Profit margin is calculated by subtracting the production cost per unit from the selling price per unit.
Let's calculate the profit margins for both products:
Product A:
Selling price per unit: $1000
Production cost per unit: $200 (Materials) + $100 (Wages) + $350 (Fixed overhead) + $150 (Variable overhead) + $200 (Profit) = $1000
Profit margin per unit = Selling price per unit - Production cost per unit = $1000 - $1000 = $0
Product B:
Selling price per unit: $1000
Production cost per unit: $150 (Materials) + $200 (Wages) + $100 (Fixed overhead) + $200 (Variable overhead) + $350 (Profit) = $1000
Profit margin per unit = Selling price per unit - Production cost per unit = $1000 - $1000 = $0
From the calculations, both product A and product B have a profit margin of $0 per unit.
Based solely on the profit margins, it appears that neither product A nor product B is profitable for the THANH company in 200N. However, it's important to note that this analysis only considers the production cost per unit and does not take into account other factors such as demand, market conditions, or overall company profitability.
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Suppose that a country's annual growth rates over a 10-year period were as follows:
Year
1
2
3
4
5
6
7
8
9
10
Growth Rate
5%
3
percent
4
-1
-2
2
3
4
6
3
Instructions: In part a, round your answer to 1 decimal place. In parts b-c, enter your answers as a whole number.
a. What was the country's trend rate of growth over this period?
b. Which set of years most clearly demonstrates an expansionary phase of the business cycle?
Years
through
c. Which set of years best illustrates a recessionary phase of the business cycle?
Years
through
Answers
Answer: :}
Explanation:
:]
Changes in the market environment impact _____
how competitive the marketplace is
how many offerings are available
how many marketing communication channels are used
how consumers behave
Answers
Changes in the market environment impact how competitive the marketplace is, how many offerings are available, how many marketing communication channels are used, and how consumers behave.
Aspects of the business landscape are significantly impacted by changes in the market environment. First and foremost, they have an impact on the level of market competition because changes in variables like technology, rules, and consumer preferences can affect how businesses compete with one another.
Changes in the market environment can also have an impact on the variety and range of goods and services that are offered to customers. New technologies and trends have an impact on how businesses communicate with their target audiences through marketing channels. Last but not least changes in the market environment such as those in the economy in social trends and in technological advancements have a significant impact on consumer behavior causing changes in buying patterns and preferences.
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Suppose a monopolist produces in a market with two distinct segments: market 1, which is denoted as M1 on the graph, and market 2, denoted as M2. The firm's marginal and average costs are $20.
Answers
A monopolist is an individual, gathering, or organization that controls each of the business sectors for a specific decent or administration. The profit in market 1 is $1,600, The profit in market 2 is $450 and Demand is more elastic in market 2
(A) Profit = Total revenue - total cost = P*Q - MC*Q = (P-MC)*Q
Profit in market 1
P1 = $60, Q1 = 40, and MC = $20
So, Profit in market 1 = (60-20)*40 = 40*40 = $1,600
(B) Profit in market 2
P2 = $35, Q2 = 30, and MC = $20
So, Profit in market 2 = (35-20)*30 = 15*30 = $450
(C) Demand is more elastic in market 2 as a monopolist charges a lower price in the more elastic market so as P2 < P1 then market 2 is more elastic.
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This question is not complete, Here I am attaching the complete question: also, attaching the diagram
Suppose a monopolist produces in a market with two distinct segments: market 1, which is denoted as M1 on the graph, and market 2, denoted as M2. The firm's marginal and average costs are $20.
(A) What is the profit of market 1?
(B) What is the profit of market 2?
(C) In which market is demand more elastic?
Provide the formulas and use the function formula builder in Excel.
Answers
Click into any blank cell you want to use as the basis for your formula before opening the formula builder. then select the formula button (fx) located just to the formula bar's left. On the right side of your screen, Excel will launch the sidebar for the Formula Builder.
The most significant ones are mathematical theorems. In mathematics, a formula typically refers to an identity that compares one mathematical expression to another.
An entity that is created utilizing the symbols and formation rules of a specific logical language is referred to screen syntactically as a formula (also known as a well-formed formula).
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Buyer Beware Toy Company is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product is $30 and Buyer Beware Toy would sell it currently for $65. The cost to assemble the product is estimated at $21 per unit and the company believes the market would support a new price of $85 on the assembled unit. What decision should be made about whether to sell or process further?
A)
Sell before assembly, the company will be better off by $1 per unit.
B)
Sell before assembly, the company will be better off by $20 per unit.
C)
Process further, the company will be better off by $29 per unit.
D)
Process further, the company will be better off by $14 per unit.
Answers
Consider a firm redesigning its logistics network. What are the advantages of having a small number of centrally located warehouses? What are the advantages of having a larger number of warehouses closer to the end customers?
Answers
Small centrally located warehouses offer cost efficiency and simplified inventory management, while larger warehouses closer to customers provide faster delivery, better customer service, and cost savings in shipping.
Having a small number of centrally located warehouses offers several advantages in a firm's logistics network:
Cost Efficiency: Centralized warehouses can lead to cost savings in terms of inventory management, transportation, and operational overheads. With fewer warehouses, the firm can benefit from economies of scale in procurement, storage, and distribution.
Simplified Inventory Management: Managing inventory becomes more streamlined when there are fewer warehouses. It allows for better control and visibility over stock levels, reducing the risk of stockouts or overstocking.
Faster Transit Times: With centrally located warehouses, products can be shipped more quickly to various regions since they are closer to major transportation hubs. This reduces lead times and improves overall customer satisfaction.
Improved Coordination: Centralized warehouses facilitate better coordination and synchronization of supply chain activities. It becomes easier to manage inbound and outbound logistics, optimize transportation routes, and consolidate shipments.
On the other hand, having a larger number of warehouses closer to end customers provides the following advantages:
Faster Delivery: Proximity to end customers enables faster order fulfillment and delivery. Products can reach customers more quickly, reducing transit times and improving responsiveness.
Enhanced Customer Service: Local warehouses allow for better customization and personalization of service. They can cater to specific regional preferences, offer faster response times to customer queries, and handle returns or exchanges more efficiently.
Lower Shipping Costs: By locating warehouses closer to customers, transportation costs can be reduced as products travel shorter distances. This can lead to cost savings in shipping expenses.
Flexibility and Redundancy: Having multiple warehouses distributed geographically provides redundancy and flexibility in the supply chain. It mitigates the risk of disruptions, such as natural disasters or transportation issues, as the firm can rely on alternative warehouse locations.
In summary, a small number of centrally located warehouses offer cost efficiency and streamlined inventory management, while a larger number of warehouses closer to end customers provide faster delivery, improved customer service, lower shipping costs, and increased flexibility.
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g If the price of a product is $10, variable costs are $2, and fixed costs are $100, what quantity must be purchased in order to break even?
Answers
Based on the various costs described, the amount that should be purchased to break even is 12.5 units.
How to Breakeven.The break even quantity can be found by the formula:
= Fixed cost / ( Selling price - Variable cost)
Solving gives:
= 100 / (10 - 2)
= 12.5 units
In conclusion, 12.5 units must be purchased.
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Blue Corporation is a manufacturing company which has decided to introduce a new line of merchandise on January 25, 2019. The company has experienced significant revenue and earnings growth in recent years and anticipates future growth to decline slightly, yet remain consistent with the strong industry average (10-15% annual revenue growth). Blue has incurred certain patent costs and considerable attorney fees, in addition to survey costs, management studies, salaries, insurance, and quality inspections.
Given the three alternative methods for handling research and experimental expenditures, which method(s) would be most appropriate for Blue Corporation? Explain Why? How should Blue Corporation’s manufacturing expenditures be reported?
Answers
Answer:
Throughout the clarification category following the table, the definition of the concern is listed.
Explanation:
(1)
Quantitative surveys will now be the safest approach.
Questionnaire fees including patent fees become traceable as research spending, and progress is in estimates. This approach is used where a numerical production that helps to address analysis questions needs to be established. If one wants a concrete statistic to justify the study, it is a very effective market research tool.(2)
The cost incurred shall be recorded in compliance with IND AS 38 if because when the study, as well as surveys, are performed.
Explain the merits, and why we would expect to see a correlation between GDP and financial well-being.
Answers
We would expect to see a correlation between GDP and financial well-being because Economic Growth, Income Generation, Consumer Spending, Investment Opportunities and Social Welfare Programs.
The correlation between GDP (Gross Domestic Product) and financial well-being can be attributed to several merits and factors. Here's an explanation of why we would expect to see a correlation between GDP and financial well-being:
Economic Growth: GDP is a measure of a country's economic output or production. When the GDP of a country is growing, it indicates a healthy and expanding economy. Income Generation: GDP growth is typically associated with increased income generation across various sectors of the economy. As businesses expand and create more job opportunities, individuals have a higher chance of finding employment and earning income. Consumer Spending: GDP growth often corresponds to increased consumer spending. When the economy is performing well, people tend to have more disposable income, which they can use to purchase goods and services. Increased consumer spending contributes to business revenue, job creation, and overall economic activity.Investment Opportunities: A growing GDP attracts domestic and foreign investments. When the economy is expanding, businesses and investors see opportunities for profitability and growth. Increased investment leads to the creation of new businesses, expansion of existing ones, and the development of infrastructure. Social Welfare Programs: Higher GDP often provides governments with more resources to invest in social welfare programs. These programs include healthcare, education, social security, and poverty alleviation initiatives.For such more question on Economic:
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Mr. Khalis has been employed as an account manager at Kyasara Sdn Bhd since 2 January 2012. On 1 October 2020, Kyasara Sdn Bhd decided to merge with another company named Maxell Sdn Bhd. As a consequence from that merger, the top management of Kyasara Sdn Bhd had terminated many employees including Mr. Khalis who was terminated on 30 November 2020. The company paid him a gratuity of RM280,000 in appreciation of his service. In addition, Mr. Khalis received RM110,000 as compensation for loss of employment and he withdrew RM140,000 from an unapproved fund whereby 60% of the fund was contributed by Kyasara Sdn Bhd. His remuneration and benefits received until 30 November 2020 are as follows:
1. Monthly salary of RM8,010 (after deducting employee’s EPF contribution of 11%).
2. BonuspaidinJune2020amountedtoRM10,000.
3. A monthly entertainment allowance of RM1,800, but he only spent 80% to
entertain company’s clients.
4. A monthly petrol allowance for official duties of RM480 and parking fees
allowance of RM300.
5. TraditionalmedicaltreatmentatanapprovedhospitalcostingRM650waspaid
by the company.
6. Mr. Khalis was awarded the performance incentive of RM2,500 for the year of
assessment 2018, which was paid on 31 October 2020. This incentive was
given due to his excellent service performance for the year of assessment 2018.
7. A new car costing RM250,000 with a driver were provided by the company
throughout his service.
8. A fully furnished condominium with a rental value of RM2,500 per month
(including furniture of RM800 per month) was provided until 30 November 2020.
9. A reimbursement of RM600 per month was made to pay for the salary of a
servant employed by Mr. Khalis.
10.The company paid for Mr. Khalis’s annual corporate membership fees of
RM2,500 to Kota Kemuning Golf Centre.
11.In January 2020, the company paid RM18,000 for his family’s vacation to Las
Vegas. The expenses inclusive of air tickets, accommodations and meals which were RM8,000, RM6,000 and RM4,000 respectively.
Required:
Compute the statutory employment income of Mr. Khalis for the year of assessment
Answers
44849q91 24439 99919029383737÷12838281881847747
Opposing Claims Quick Check
What does it mean for a claim to be debatable?(1 point)
Question 1
A It can be proven true or false.
B It is based on facts that cannot be refuted.
C It can be supported with evidence.
D It is something people could have differing opinions about.
2
A Why is it important to address opposing arguments when writing an argument?(1 point)
B It shows why the opposing argument should not be considered by your readers.
C It strengthens your claim because you have a chance to explain why it is invalid.
D It shows that your opinion on the topic is the best opinion.
E It convinces people that you have done a lot of research on your topic.
3
A What does it mean to refute an opposing argument?(1 point)
B to show that you are an expert on the topic you are writing about
C to provide reasons why it is wrong
D to support the argument with facts and examples
E to explain your claim in detail
Use the sentence to answer the question.
Claim: Middle school students should be provided with an outdoor recess as part of the school day.
Which sentence includes an opposing claim?
(1 point)
There is not enough time in the school day for middle school students to be allowed a large amount of free time.
Most teenagers do not get enough exercise and should be given the opportunity to get exercise while at school.
Research shows that middle school students would prefer to spend time socializing with their friends outside of school hours.
Students who have time to relax in the middle of the day are more focused and perform better in their studies.
Answers
Answer:
1)D 2)C
Explanation:
(I took the test got a 100%)
1) what makes something debatable is when others have different opinions about it.
2)when you explain what they other persons claim is and then show how it wrong then it makes ur claim look like a better on to agree with
Answer:
i am from connexus i just took the quick check here are the correct answers
Explanation:
1. D. it is something people could have differing opinions about.
2. C. it strengthens your claim because you have a chance to explain why it is invalid
3. C. to provide reasons why it is wrong
4. There is not enough time in the school day for middle school students to be allowed a large amount of free time.
i hope this helps and please let me know if it does
Assume you work for a company as an accountant and you have been asked to calculate the depreciation expense for each year of a new machine that your company purchased on April 1, 2021, at a cost of $ 350,000. You have estimated that the machine will have a salvage value of $15,000. The machine is expected to be used for 27,800 working hours during its 5-year life.
a) Prepare the depreciation schedule for each year of the useful life under
straight line method.
b) Compute the depreciation expense for 2021, 2022 and 2023 under units-of activity method, assuming machine usage was 2700 hours in 2021 and 3500 hours and 2200 hours in 2022 and 2023 respectively.
Answers
Answer:
a) Depreciation Schedule under Straight-Line Method:
Date Cost Depreciation Accumulated Net Book Value
Expense Depreciation
April 1, 2021 $350,000 $50,250 $50,250 $299,750
2022 350,000 67,000 117,250 232,750
2023 350,000 67,000 184,250 165,750
2024 350,000 67,000 251,250 98,750
2025 350,000 67,000 318,250 31,750
b) Depreciation expense under the units-of-activity method:
2021 2,700 * $12.05 = $32,535
2022 3,500 * $12.05 = $42,175
2023 2,200 * $12.05 = $26,510
Explanation:
a) Data and Calculations:
Cost of equipment on April 1, 2021 = $350,000
Estimated salvage value = $15,000
Depreciable amount = $335,000
Estimated useful life = 5 years
Annual Depreciation:
Straight-line method = $67,000 ($335,000/5)
Expected machine usage hours = 27,800
Depreciation rate under the unit-of-activity method = $335,000/27,800
= $12.05
Which of these best describes the relationship
between business equity and profit?
A. The proportion of the
equity one owns is more than the
proportion of the profits received.
B. The proportion of the equity one owns is less than the
proportion of the profits received.
C. The proportion of the equity one owns is the same proportion
of the profits received.
Answers
Based on systems characteristics, identify any component (substructure) in the organization and describe its objective, the activity currently the component is performing (in relation to services it is rendering and/or contributing towards the production of goods/products)
Answers
The substructure in the organization is the functional organizational structure which help in structuring the workers.
What is the purpose of functional organizational structure?A functional organizational structure serves as the structure that help to organize the workers in the organization and this is usually done by grouping specific skills and knowledge.
And this structure ,it is usually easy to maintain good production of goods/products, because it will help employees to be assigned to one product or service.
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Seedi started a business to repair computers. The following transactions are given to you for the first month of the business. 01. Invested so.sh. 5,000 as the capital 02. Obtained a bank loan of so.sh. 2,000 03. Deposited so.sh. 100 in a fixed deposit account 04. Earned a cash income so.sh.so.sh. 600 from computer repairs 05. Paid so.sh. 100 as the monthly rent of the business 06. Geedi withdrew so.sh. 200 from the business for her private use 07. Purchased equipment at so.sh. 100. 08. Paid so.sh. 500 of the telephone bill of the month. 09. Geedi invested an additional capital of so.sh. 500 10. Paid so.sh. 200 of the bank loan hove transactions to the accounting
Answers
Seedi started a business to repair computers. The journal entry for this transaction is:
Invested so.sh. 5,000 as the capital:
Debit Cash (Asset) so.sh. 5,000 Credit Capital (Owner's Equity) so.sh. 5,000.Obtained a bank loan of so.sh. 2,000:
Debit Cash (Asset) so.sh. 2,000 Credit Bank Loan (Liability) so.sh. 2,000.Deposited so.sh. 100 in a fixed deposit account:
Debit Cash (Asset) so.sh. 600 Credit Service Revenue (Revenue) so.sh. 600.The term journal entry was the first part of the Financial statement. The journal entry was the based on the debit and the credit record in the book entry. The Journal was the pro forma of the statement.
Earned a cash income so.sh.so.sh. 600 from computer repairs:
Debit Rent Expense (Expense) so.sh. 100 Credit Cash (Asset) so.sh. 100.Paid so.sh. 100 as the monthly rent of the business:
Debit Geedi's Withdrawals (Owner's Equity) so.sh. 200 Credit Cash (Asset) so.sh. 200.Geedi withdrew so.sh. 200 from the business for her private use:
Debit Equipment (Asset) so.sh. 100 Credit Cash (Asset) so.sh. 100.Purchased equipment at so.sh. 100. 08. Paid so.sh. 500 of the telephone bill of the month:
Debit Telephone Expense (Expense) so.sh. 500 Credit Cash (Asset) so.sh. 500.Geedi invested an additional capital of so.sh. 500 10.:
Debit Cash (Asset) so.sh. 500 Credit Capital (Owner's Equity) so.sh. 500.Paid so.sh. 200 of the bank loan hove transactions to the accounting:
Debit Bank Loan (Liability) so.sh. 200 Credit Cash (Asset) so.sh. 200.As a result, the significance of the journal entry for this transaction is the aforementioned.
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What are the three types of inherent value money can have?
A. Regulated, market, and face.
B. Intrinsic, market, and commodity.
.C. Intrinsic, market, and face.
D. Face, intrinsic, and commodity.
Answers
The three types of inherent value money can have are Intrinsic, market, and face. Option C
What is inherent value money about?Cash has an asset's value is determined by its intrinsic value. Instead of using the asset's actual market price, this metric is calculated objectively or through the use of a sophisticated financial model.
Other than its current exchange value for goods and services, it has no worth. Something is valuable in and of itself when it has inherent worth. A thing with intrinsic value is a goal in and of itself.
Hence, the value an entity has for what it is, as a goal, or in and of itself is known as intrinsic value.
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A hyperlink:
A. can tell you if the battery on your laptop is running low.
B. can run the grammar check function.
C. can take the user to an external Internet site.
D. can spell check your slide presentation.
Answers
Answer: C
Explanation:
The company is dedicated to developing high-quality housing projects that meet the needs of families and individuals, with a focus on affordability, sustainability, and innovation.
Answers
The focus of the company's housing projects is to provide affordable and sustainable housing solutions.
The focus of the company's housing projects is to address the global issue of housing affordability and sustainability. The company aims to provide cost-effective and eco-friendly housing solutions that cater to the needs of different income groups. They use sustainable building materials and technologies that reduce energy consumption, minimize waste, and lower carbon emissions.
In addition, the company works with local communities to understand their housing requirements and preferences, and designs housing projects that align with their needs. Overall, the company's focus on affordable and sustainable housing solutions contributes to the social, economic, and environmental well-being of the communities they serve.
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--The complete question is, What is the focus of the company's housing projects?--
Which option identifies the law represented in the following scenario?
Bauer comes out with a new hockey skate, and last year’s model sits on the shelves. The local hockey shop places last year’s model on sale for half price.
law of demand
law of diminishing marginal utility
law of supply and demand
law of supply
Answers
Answer:
A. law of demand
Explanation:
Account of a supplier would be found
Answers
The purchase ledger contains the individual accounts of suppliers from whom the business has made purchases on credit.
Mark as brainlist
The individual accounts of suppliers that the company has made credit-based purchases from are listed in the purchase ledger.
What is the Account of a supplier?The term "supplier accounts" refers to all accounts generated by a borrower or domestic subsidiary for a specific account debtor or its affiliates in the event that a borrower or domestic subsidiary has established a supplier agreement with respect to any of an account debtor's accounts.
Every supplier and client that the business deals with will be handled as a distinct account. Items can be linked to an account that are both material and immaterial.
All transactions relating to each and every Supplier, including all invoices issued and paid for beginning on the first day, are kept in the Supplier ledgers.
Thus, The individual accounts of suppliers that the company has made credit-based purchases.
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When the real dollar figures are known and then these figures are compared to what was budgeted, this process is called
Answers
(All are correct)
Financial control refers to comparing actual dollar amounts with budgeted amounts after knowing the actual dollar amounts. Thus, option C is correct.
What is financial control?The methods, procedures, and techniques an organization uses to monitor and manage the use, allocation, and direction of its financial resources are known as financial controls.
Any organization's resource management and operational effectiveness depend on its financial controls.
Financial controls are the policies and process an organization develops to manage its financial resources effectively.
A set of guidelines for recording, evaluating, and reporting transactions are also included. It enables a business to make decisions about the usage, allocation, and direction of financial resources and to guarantee efficient financial management, productive output, and financial success.
Without it, operations, performance, and budgeting can all suffer. Financial controls are laws and practices intended to stop or catch fraud and accounting irregularities.
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Your question is incomplete; most probably, your complete question was this:
When the real dollar figures are known, and then these figures are compared to what was budgeted, this process is called
Multiple Choice
A the budget process.
B Both the budget process and the forecasting method are correct.
C The financial control process.
D The reimbursement method.
E The forecasting process
VIII. Victoria Rivera owns and manages a consulting firm called Prisek, which began operations on July 1. On July 31, the company's records show the following selected accounts and amounts for the month of July. Equipment $12000 Salaries expense$9000 Consulting revenue$36000 Cash $24000 Utilities expense$600 Note payable$7200 Accounts receivable$10500 V. Rivera, WithdrawalsYI$6000 Office supplies$4500 Rental revenue$1500 Advertising expense$1200 Prepaid insurance$3000 Accounts payable$3900 Note receivable$7500 Rent expense$6000 Unearned revenue$900.
Required
1. Prepare a July income statement for the business.
2. Prepare a July statement of owner's equity. The owner's capital account balance at July 1 was $0, and the owner invested $34,800 cash in the company on July 2.
3. Prepare a July 31 balance sheet. Hint: Use the owner's capital account balance calculated in part 2.
Answers
1. Total Revenue is $20,700.
2. Owner's Capital as of July 31 was $49,000.
3. The July 31 balance sheet shows assets of $61,500, liabilities of $12,000, and owner's equity of $49,500.
1. Income Statement for July:
$35,000. Consulting revenue
rental income of $1,500
Revenues totaled $37,500.
Salaries cost $9,000, so expenses total.
Expenses for utilities: $600
Cost of advertising: $1,200
Cost of rent: $6,000
Costs in total: $16,800
Total Revenue - Total Expenses equals Net Income.
$37,500 minus $16,800 is the net income.
2. Owner's Equity Statement for July:
Capital owned by Owner as of July1: $0
On July 2, the owner had invested $34,800.
$20,700 in net income
$6000 in owner withdrawals
Owner's Capital at July 31 is calculated as Owner's Capital at July 1 plus Owner's Investment plus Net Income minus Owner's Withdrawals.
Owner's Capital as of July 31 equaled $0 plus $34,800 plus $20,700 minus $6,000
3. July 31 The balance sheet
Assets:
$24,000 in cash; $10,000 in receivables
Inventories: $12,000
$4,500 for office supplies
$3000 in prepaid insurance
Amount Owed: $7,500
Assets in total: $61,500
Liabilities:
a payable note: $7,200
Accounts Payable: $3,900
Unearned Revenue: $900
Total Liabilities: $12,000
Owner's Equity:
Owner's Capital at July 31: $49,500
Total Liabilities and Owner's Equity: Total Liabilities + Owner's Equity
Total Liabilities and Owner's Equity = $12,000 + $49,500
Total Liabilities and Owner's Equity = $61,500
Therefore, the July 31 balance sheet shows assets of $61,500, liabilities of $12,000, and owner's equity of $49,500.
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