A company offers a cash rebate of $1 on each $4 package of light bulbs sold during
2021. Historically, 10% of customers mail in the rebate form. During 2021,
3,750,000 packages of light bulbs are sold, and 200,000 $1 rebates are mailed to
customers. What is the rebate expense and liability, respectively, shown on the
2021 financial statements dated December 31?

Yes, the cashier gave the exact amount of money.

$60.14 ($14.29 + $14.29 + $14.29 + $13.29 + $9.29 + $3.99 + $5.99) is the total price of the items. The cashier gave have to return $0.14 in change if the customer had given $60.00. The client was due more change, so the clerk gave them 32 cents back instead.

This indicates that the cashier gave the appropriate amount of money and even provided extra change. Debit card cashback is a service that is available to retail customers. It involves adding money to the transaction's total purchase price and giving the customer the extra cash at the point of sale.

As a result, the significance of the cashier give me the right amount of cash back are the aforementioned.

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Answer:

A lot of information is missing, so I looked for it:

Before meeting, Ana asked Janet to create a list of how she intended to use her account. Janet’s list included:

Janet's first need, to have somewhere to park her cash, should be easily satisfied by most checking and savings accounts.

A savings account would be better to keep Janet from spending too much of her cash (second need).

If Janet wants to use frequently use a debit card (third need), then she will probably need a checking account.

Both checking and savings accounts satisfy the fourth need (online banking).

Personally, I believe a checking account will suit Janet.

The question then offers 3 different options for checking accounts, and if I were Janet, I would choose the online bank. It includes $0 fees, low monthly balance, and free ATM withdrawals (ATMs from other banks).

Answer:

Are any of the three options a bad choice for Janet? Explain your answer.

Explanation: Do online banks have ATMs? If so, where are they located? Do I have to pay a fee each time?  That  ATM access. A good online bank will be part of an ATM network, like Allpoint or MoneyPass, with thousands of fee-free machines nationwide. If you need to withdraw cash from a non-network machine, some online banks will also reimburse any fees the ATM owner charges. Security.

That How can you prevent the need for it? Overdraft protection means that if you do not have enough money in your account to meet the banks required amount, then your bank will cover it. You can prevent it by keeping track of your checking account balance.

Answer:

a phrase that describes the cost of decision-making and consumption. That things that appear to be free will always have some hidden or implicit cost to someone, even if it is not the individual receiving the benefit.

There is no free lunch in economics means that everything comes with a price. The price may not always be money. If you get something for free, there is a cost that has be paid somewhere in the wider economic system.

The average job is now only 2 years in Job.

This is the term that has to do with the job that employees are willing to do in order to receive pay for the services that that they render to those that have employed them. The average job based on data and statistics gathered has been said to only be of about 2 years for the person that is carrying out the duty.

This means that the average worker can have as m aby other jobs that they want in their lifetime.

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Answer: D. Get Funding

Explantion: You company will need a business plant in order to get funding because you'd need to present your investors with the future of your business and what it's there to do. I also happened to take the assessment and it was marked correctly.

I hope this helped!

Good luck <3

Your company will need a business plan in order to get funding. Hence, the correct answer is option D.

A business plan is a formal document that outlines a company's goals, strategies, and projected outcomes. One of the primary reasons for creating a business plan is to secure funding from investors or financial institutions. By presenting a well-written and comprehensive business plan, a company can demonstrate its viability and potential for success, which can increase its chances of obtaining the necessary funding to start or grow the business.

While a business plan can help a company increase revenue and identify opportunities, those outcomes are not the primary purpose of a business plan. Paying taxes is a legal requirement for all companies, but a business plan is not directly related to tax obligations.

Therefore, a company will need a business plan in order to get funding. Hence, the correct answer is option D.

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When serving alcohol at an event, it is important to remember the following: Check legal requirements, Verify the age of attendees

Check legal requirements: It is important to check local laws and regulations regarding alcohol service. Depending on the location and type of event, you may need a permit or license to serve alcohol.

Verify the age of attendees: Make sure to verify the age of attendees and ensure that only those who are legally allowed to consume alcohol are served.

Offer non-alcoholic drinks: Provide non-alcoholic drink options for those who choose not to drink or who are designated drivers.

Limit alcohol consumption: Encourage responsible drinking by limiting the amount of alcohol served per person and monitoring consumption.

Provide food: Offer food throughout the event to help absorb alcohol and slow down the rate of alcohol absorption.

Stop serving alcohol: Stop serving alcohol well before the end of the event to give attendees time to sober up before leaving.

Arrange for transportation: Encourage attendees to plan ahead for safe transportation, such as designated drivers, taxis, or ride-sharing services.

Remembering these guidelines will help ensure a safe and enjoyable event for all attendees.

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The company's financial performance and position during the first full year of operations are summarized in the financial statements. Sales, costs, investments, liabilities, and stockholder equity all appear to reflect the estimates and facts given.

A shareholder of corporate stock is an individual or legal entity (such as another corporation, a body politic, a trust, or a partnership) that is registered by the corporation as the legal owner stockholder of shares of the share capital of a public or private corporation financial statements (also frequently referred to as a stockholder in the United States).

Members of a company are sometimes used to refer to stockholders.

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If Lanark is currently generating 145 buses, it can generate about 180 units of wheat. .

b. The cost of 90 further wheat is 90.

c. The approximate per unit cost of an fresh auto is 54.

To determine the approximate quantum of wheat Lanark can produce if it's presently producing 145 buses , we need to find the matching value in the" Wheat" column. Grounded on the given table, we can see that the values in the" buses" column drop from left to right. thus, we need to find the combination where the number of buses is closest to 145, which is combination B. In combination B, Lanark can produce roughly 180 units of wheat.

We can find the cost of 90 further wheat by comparing the wheat values between combinations C and D, If Lanark is presently producing combination C. The wheat value in combination C is 315, and the wheat value in combination D is 405.

The difference between these two values represents the fresh wheat produced when moving from combination C to combination D. In this case, the difference is 405- 315 = 90. thus, the cost of 90 further wheat is the difference between the wheat values in combination C and D, which is 90.

we can determine the approximate per unit cost of an fresh auto by comparing the auto values between combinations D and E, If Lanark is presently producing combination D. The auto value in combination D is 127, and the auto value in combination E is 73.

The difference between these two values represents the drop in auto product when moving from combination D to combination E. In this case, the difference is 127- 73 = 54.

thus, the approximate per unit cost of an fresh auto is the difference between the auto values in combination D and E, divided by the drop in auto product, which is 54/ 1 = 54.

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Extrinsic outcomes are external rewards such as money, status, or recognition that come from achieving a goal. These outcomes are appealing to some individuals because they provide tangible benefits and can be easily measured by others.

On the other hand, intrinsic outcomes are internal rewards such as personal satisfaction, a sense of accomplishment, or personal growth that come from achieving a goal. These outcomes are appealing to some individuals because they provide a deeper sense of fulfillment and can be more meaningful in the long-term.

Ultimately, whether someone is more attracted to extrinsic or intrinsic outcomes depends on their personal values and goals. Some people may prioritize external rewards and seek to maximize their income or social status, while others may prioritize personal growth and seek to achieve goals that align with their passions and values.

It is important to strike a balance between both types of outcomes and to find a sense of purpose and satisfaction in the goals that we pursue.

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The accounting book used to capture changes to the trial balance is the general Journal.

The general journal is a chronological record of all financial transactions that affect account balances, including adjustments and corrections. It is where entries are first recorded before being posted to the appropriate accounts in the general ledger.

Journal entry refers to the process of entering business transactions in a journal called a Journal, which is then used to prepare the company's financial statements. The journal data will be extracted in order to create a ledger report.

The general journal assists in maintaining an accurate and full record of all modifications made to the trial balance, assuring the accounting system's integrity.

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If Janet purchased her personal residence in 2011 for $250,000. In January 2021, she converted it to rental property. The amount of cost recovery that can be taken in 2021 is  $7,318.50 and the amount of cost recovery that could be taken in 2021  is $8,712.50.

In order to determine the cost recovery we have to  choose the amount that is lower between the  depreciable basis of the fair market value  or cost at the date of conversion.

The amount that is lower is the cost at the date of conversion of the amount of $210,000 and this amount is depreciated based on a 27.5 year mid month method.

Hence,

a. Amount of recovery :

Amount of recovery = $210,000 × 0.03485

Amount of recovery = $7,318.50

b. Amount of recovery

Amount of recovery = $250,000 × 0.03485

Amount of recovery = $8,712.50

Therefore the cost recovery is $7,318.50 and $8,712.50.

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Answer:

business transactions are denominated in foreign currencies. In international accounting, a "hedge" is: ... a business transaction made to reduce the exposure of foreign exchange risk.

Answer:

Debit Interest Expense 67,821

Credit disc 560.5

Cr Cash 67,260

Explanation:

Based on the information given the appropriate journal entry to record the first interest payment on August 31, 2017 includes a:.

Debit Interest Expense 67,821

($67260 + $560.5)

Credit disc 560.5

[ $1,121,000 ×(100%÷99%) ÷ 20 = $560.5]

Cr Cash 67,260

( $1,121,000 × 12% × 6÷12= $67,260)

( Being interest expense is recorded)

The termination of a contract is recognised as rescission.

Rescission may additionally be unilateral, as when a birthday party rightfully cancels a contract because of every other party's material breach. Rescission can also be mutual, as when the contracting parties agree to discharge all last obligations.

In contract law, rescission has been described as the unmaking of a contract between parties. Rescission is the unwinding of a transaction. This is performed to deliver the parties, as some distance as possible, again to the position in which they had been before they entered into a contract (the status quo ante.

Rescission is when a contract is rendered null and void, and so is no longer identified as legally binding. The courts can free non-liable parties from their agreed responsibilities and, when possible, will effectively are searching for to fix them to the position they had been in before the contract was once signed.

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Answer:

Equity is not changed by credit or purchases on account.

The correct is C. It has no effect

Explanation:

I am positive. Have a great day!

Answer:

to bad this isn't multiple choice

Explanation:

but it would only make sense if it were scientists. sorry if I'm wrong

From the collected data, the statistician makes use of statistical concepts to sift through large data sets, develop data interpretation and deduce relevant information from the data and present meaningful conclusion to the relevant bodies in fields such as education, manufacturing, marketing, government and healthcare.

From the collected data, the statistician makes use of statistical concepts to sift through large data sets, develop data interpretation and deduce relevant information from the data and present meaningful conclusion to the relevant bodies in fields such as education, manufacturing, marketing, government and healthcare.Biologists research, collect data and measurements, perform tests and experiments, and analyze and interpret their findings. These science professionals are required to have a bachelor's degree in biology for an entry-level position.

1) let P represent Price, and since the dependency is linear, the supply equation will take the following form:

A) Y- \(Y_{1\\} \) =  \((\frac{Y_{1} -Y_{2} }{P_{1} -P_{2} } ) (P_{1} -P_{2} )\)

⇒ Y - 1,000 = \((\frac{-250}{-100} ) (P-690)\)

⇒ Y - 1,000 = \(\frac{5}{2} (P-690) = (\frac{5}{2})P - 345 \)

⇒ Y = \((\frac{5}{2})P + 1,000- 345 \)

⇒ Y = \((\frac{5}{2})P + 655\), therefore,

P = \((\frac{2}{5}) (Y-655) \)

B) When Y = 1,130, the price would be:

⇒P =   \(\frac{2}{5} (1,130 - 655) \)

⇒ P =  \(\frac{2}{5} (485) \)

Therefore:

P = $194


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Answer:

Company A and Company B

Calculation of Goodwill on Acquisition:

= $212,433

Explanation:

a) Current market value of:

 Tangible physical assets = $1,234,567

  Intangible asset =                 $125,000

Total assets' value =            $1,359,567

less Liabilities:

  Operating =  $160,000

  Financial =     600,000      ($760,000)

Net value of assets =             $599,567

Purchase Price (Company B) $812,000

Goodwill                                  $212,433

b) Company A acquired Goodwill when it bought over Company B.  This is an intangible asset which is calculated by subtracting the net value of assets (the difference between the fair market value of the assets and liabilities) from the purchase price of the acquired subsidiary.

The Preparing Adjusted Trial Balance with the help of Worksheet: is given below:

Solutions Company

Worksheet

December 31

Accounts Unadjusted Trial Balance Adjusting Entries Adjusted Trial Balance

Debit Credit Debit Credit Debit Credit

Cash $20,000    $20,000

Accounts Receivable 0  $2,450  2,450

Supplies 7,600   $4,150 3,450

Machinery 50,000    50,000

Accumulated Depreciation  $20,000  3,800  $23,800

Accounts Payable  0    0

Interest Payable  0  800  800

Salaries Payable  0  400  400

Unearned Rental Fees  7,200 4,000   3,200

Note Payable  30,000    30,000

Common Stock  10,000    10,000

Dividends 9,500   9,500

Retained Earnings  14,200    14,200

Rental Fees  32,450  6,450  38,900

Salaries Expense 24,500  400  24,900

Interest Expense 2,250  800  3,050

Supplies Expense 0  4,150  4,150

Depreciation Expense 0  3,800  3,800

Totals $113,850 $113,850 $15,600 $15,600 $121,300 $121,300

Preparing Income Statement:-

Solutions Company

Income Statement

For the Year Ended December 31

Accounts Amount Amount

Revenue:-  

Rental Fees $38,900

Total Revenue  $38,900

Expenses:-  

Salaries Expense $24,900

Interest Expense 3,050

Supplies Expense 4,150

Depreciation Expense 3,800

Total Expenses  ($35,900)

Net Income  $3,000

Preparing Statement of Retained Earnings:-

Solutions Company

Statement of Retained Earnings

For the Year Ended December 31

Accounts Amount

Retained Earnings 14,200

Net Income 3,000

$17,200

Dividends (9,500)

Retained Earnings, Ending $7,700

Preparing Balance Sheet:-

Solutions Company

Balance Sheet

December 31

Accounts Amount Amount

Assets:-  

Cash $20,000

Accounts Receivable 2,450

Supplies 3,450

Machinery 50,000

Accumulated Depreciation (23,800)

Total Assets  $52,100

Liabilities:-  

Accounts Payable $0

Interest Payable 800

Salaries Payable 400

Unearned Rental Fees 3,200

Note Payable 30,000

Total Liabilities  $34,400

Stockholders Equity:-  

Common Stock $10,000

Retained Earnings, Ending 7,700

Total Stockholders Equity  $17,700

Total Liabilities and Stockholders Equity  $52,100

Preparing Closing Entries:-

Solutions Company

General Journal

December 31

Date Accounts Title and Explanation Debit Credit

December 31 Rental Fees $38,900

Income Summary  $38,900

(To close Revenue Account)  

December 31 Income Summary $35,900

Salaries Expense  $24,900

Interest Expense  $3,050

Supplies Expense  $4,150

Depreciation Expense  $3,800

(To close Expenses Accounts)  

December 31 Income Summary $3,000

Retained Earnings  $3,000

(To close Income Summary)  

December 31 Retained Earnings $9,500

Dividends  $9,500

(To close Dividends Account)

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Answer: A. The VP of customer service is correct. Since the cost was not taken into account at the beginning of the project, the project should not go forward as planned. Project initiation should be revisited to examine the project plan and determine how changes can be made to accommodate customer service. B.

Explanation:

To make the description of the data sources in the prepare phase more descriptive, you can consider the following steps:

Specify the location of the data: Provide specific information about the sources of the data, such as the name of the database, website, or organization where the data was obtained. If applicable, mention any specific datasets or files used.

Detail the organization of the data: Describe how the data is structured or organized, whether it is in a tabular format, spreadsheets, databases, or any other specific format. Mention the variables or fields present in the data and how they are arranged.

Address bias and credibility issues: Discuss any potential biases or credibility concerns associated with the data sources. Consider the source's reputation, the methodology used to collect the data, and any known limitations or biases in the data collection process.

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dust underneath a storage shelf

Statement that doesn't gives indication of pest infestation as regards this question is A: Dust underneath a storage shelf.

Therefore, option A is correct.

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Answer: Citric acid is a weak organic acid that occurs naturally in various citrus fruits, such as lemons, limes, oranges, and grapefruits. It has a sour taste and is commonly used as a food additive for its acidic and flavor-enhancing properties. Here's an explanation of citric acid:

Answer:

Citric acid is a weak organic acid found naturally in citrus fruits such as lemons, limes, and oranges. It is commonly used as a food preservative, flavoring agent, and in cleaning products. Citric acid is also used in the production of pharmaceuticals, cosmetics, and dietary supplements.

Explanation:

Brainlliest Pls

Answer:

Adjusted cost of goods sold =$ 1,888,000

Overhead variance = 2,000  favorable

Explanation:

Overhead variance:

is the difference between the absorbed overhead and the actual overhead.

Absorbed overhead = OAR × direct labor cost

                                 = 80% × 532,000 = $425,600

Over absorbed overhead = absorbed overhead - Actual overhead

                              = 425,600 - 423,600 = 2,000  over-absorbed

Overhead variance = 2,000  favorable

Adjusted cost of goods sold

= cost of goods sold - over absorbed overheads

= 1,890,000 - 2,000 =$ 1,888,000

Answer:

issues that were discussed in the meeting

Explanation:

Answer:

Annual Income is calculated by multiplying the Hourly wage by 4,000 hours.

The Difference between annual wage and federal poverty line is calculated by deducting the 2019 Poverty threshold of $13,011 from the Annual Income.

The Difference between annual wage and median household income is calculated by deducting the 2019 Median household income of $68,703 from the Annual income. Negative balances are highlighted.

Answer:

Hope this helps

Explanation:

$7.25 $14,500 $1,489 $-54,203

$8.95 $17,900 $4,889 $-50,803

$23.87 $47,740 $34,729 $-20,963

$51.90 $103,800 $90,789 $35,097

$82.70 $165,400 $152,389 $96,697

$11.12 $22,240 $9,229 $-46,463

$26.57 $53,140 $40,129 $-15,563

$9.38 $18,760 $5,749 $-49,943

$10.59 $21,180 $8,169 $-47,523

$58.91 $117,820 $104,809 $49,117

Developing a positive mindset at work can help you achieve success. It has happened for me several times in my career.

One of the instances I'd like to tell is when I was vying for the position of manager in my workplace as an employee.

In a telecom company, I managed the sales department. I had been working there for 7 years with no success; three of the employees put in less time than I did yet managed to get the top position. I was demotivated by the thought that perhaps there is something I am not doing correctly when I repeatedly lost the post to them. Even though my sales figures were strong, luck evaded me in some way.

Since there had been no advancement, it had been ten years. Nonetheless, I never wavered from my commitment to keep trying. I consistently adhered to the fundamentals and worked to become a better seller. My sales started to rise considerably.

Ultimately, the figures were significant enough to turn the proper heads. Finally, I received a promotion, but guess what? It was to the position of Area Retail Head, which is much more important than Manager. While it took ten years, I am still happy with my accomplishments. It's still as delicious as it was before.

Therefore, being positive in all those years, not looking back or getting discouraged paid dividends and made a huge difference in my life.

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The journal entry of Department Store for the current year ending December 31 is given below:

Journal entries are the entries made to document the transactions carried out by the company. The books of accounts have a record of every dollar that comes in and goes out. The transactions that are documented are in the book of accounts and are examined and audited for surplus payments or deficits, which are the most frequent errors to be discovered over recording, after they have been made. Below are the diary entries related to the context that are attached.

Date                    Particular                    Amount (Dr)                  Amount(Cr)

1 Dec 2005         cash                                 500                                                                                                                                                               500   2 Dec 31              cash                              798,000

                           Sales                                                                    760,000                            

                    Sales Taxes Payable                                                  38,000

                    (Being sales recorded)                            

3. Dec 10              Delivery   Truck             126,000

                               cash                                                                    126,000   4. Dec 31                 cash                              126000

                               Sales                                                                     2500  

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