If a house was listed for sale at $184,900. the seller received $171,000 after paying the broker a 5% commission. The selling price of the property is $180,000.
What is selling price?Selling price can be defined as the actual price at which an item is sold.
Now let find the selling price using this formula
Selling price = Selling price received by seller / ( 1- Commission rate)
Where:
Selling price received by seller = $171,000
Commission = 5%
Let plug in the formula
Selling price = $171,000 / (1- 0.05)
Selling price = $171,000/.95
Selling price = $180,000
Therefore the selling price is the amount of $180,00
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Please assist with the statement of cash flows. Thanks!
The following information (presented in thousands) is available for the Cumberland County Utility Enterprise Fund during the current year:
The beginning balance for cash and cash equivalents was $86,210 and for restricted cash was $12,366.
The utility collected $2,500 in customer deposits throughout the year. Deposits of $1,100 were returned, and accounts of $200 were written off.
Cash paid to vendors totaled $19,981, while cash paid to employees was $35,250.
The utility repaid revenue bonds restricted for capital acquisitions in the amount of $17,500 and issued new debt of $15,000 to acquire new equipment. Equipment costing $8,000 was purchased for cash during the year.
Cash receipts came from customers, $112,793; interest on investments, $900; a transfer from the General Fund, $5,000; and interest on customer deposits, $625. (Assume that interest on customer deposits is not restricted.)
Required
Prepare a statement of cash flows for the Cumberland County Utility Enterprise Fund. (Ignore the reconciliation of operating income to net cash provided by operating activities because insufficient information is provided to complete the reconciliation.) (Cash outflows should be indicated by a minus sign.)
Net increase in cash and cash equivalents 53,587
Cash and cash equivalents, the beginning of year 86,210
Cash and cash equivalents, end of year $139,797
What exactly are cash equivalents?Cash equivalents refer to highly liquid and low-risk financial instruments that can be easily converted into cash. These are short-term investments that typically mature within three months or less from the date of purchase.
Cumberland County Utility Enterprise Fund
Statement of Cash Flows
For the Current Year Ended
Cash Flows from Operating Activities:
Cash receipts from customers of $112,793
Interest on investments 900
Transfer from the General Fund 5,000
Interest on customer deposits 625
Cash paid to vendors (19,981)
Cash paid to employees (35,250)
Net cash provided by operating activities $64,087
Cash Flows from Investing Activities:
Purchase of equipment (8,000)
Net cash used in investing activities (8,000)
Cash Flows from Financing Activities:
Repayment of revenue bonds (17,500)
Issuance of new debt of 15,000
Net cash used in financing activities (2,500)
Net increase in cash and cash equivalents 53,587
Cash and cash equivalents, the beginning of year 86,210
Cash and cash equivalents, end of year $139,797
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Subject: Accounting
Please answerr
On 1 May Sally owed William $400. On 21 May she purchased goods, list price $1440, subject to a trade discount of 25%. She returned one third of these goods on 24 May.How much did Sally owe William on 31 May? Include working.
A $630 B $720 C $1030 D$1120
Answer:
D) $1120
Explanation:
The goods Sally purchase were $1440, and with the 25% discount, she would have paid $1080, because 25% of $1440 is $360. Since she returned 1/3, she would have only spent $720, because $1080/3 is also $360. $720+$400 from the beginning would be $1120
Answer:
l believe the answer is a
do you feel that countries and companies need explicit strategies for technology development, given the tremendous amount of largely spontaneous creativity that occurs today, often in areas where new technologies are not expected to exert a great influence.
Countries and businesses require explicit strategies for technological development, according to the current market and business scenario, companies and countries use the most recent and up-to-date technologies.
What is meant by explicit strategies?Explicit strategies for technological development are unnecessary for countries and businesses. They may desire it in order to improve business processes and adapt to new technologies. Explicit strategies are those that are well defined and implemented in order to have clear technological development to the specified business structures. Implicit strategies, on the other hand, tend to confine companies and countries to a specific way of thinking, resulting in more concise technological development. This strategy would aid in simulating innovation and creativity in technological development.Because of the increase in technological advancement and Internet usage, our reliance on technology and its applications has changed in all aspects of our daily lives. Businesses must address the current demands of modern customers and the market, so IT-enabled solutions are required to achieve organizational goals and objectives.To learn more about strategy refer to :
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Yes i feel that countries and companies need explicit strategies for technology development, given the tremendous amount of largely...in areas where new technologies are not expected to exert a great influence.
Give a brief account on technological development.The process of developing new technologies or methods through invention, innovation, and spread is known as technological change (TC) or technological development. In essence, technological change includes the creation of technologies (including processes) and their commercialization or release as open source through research and development (producing emerging technologies), the continuous improvement of technologies (in which they frequently become less expensive), and the dissemination of technologies throughout industry or society (which sometimes involves disruption and convergence). To put it simply, better and more technology are the foundations of technological change. The "Linear Model of Invention," which was once used to illustrate technological change, has largely been abandoned in favour of a model of technological change that incorporates innovation at all stages of research.
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The _____ risk has been encountered if a business has no answer to fight back against its competition.
financial
operational
compliance
strategic
When a business is unable to fight back against its competitors effectively, then a strategic risk has been encountered.
What is a strategic risk?This refers to the risk that the strategies of a business will not allow it to be competitive in the market.
When competitors come up with new processes and a business is unable to match them, this is therefore strategic risk.
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Which of the following is a source of risk for businesses?
O A. Stakeholder interests that affect the community
O B. Profit goals that are not realistic
O C. Government regulations that set minimum wages
D. Dividend analyses that show lost earnings
Answer:
Giver regulations that set minimum wages
Explanation:
A P E X
The practitioner completes an incision and drainage of a patient's infected right heel, which tested positive for MRSA. What statement is true regarding how the perioperative team should perform postoperative cleaning after this patient leaves the OR?
Answer:
after the patient leave
melinda invested three times as much money at 6% yearly interest as she did at 4%. her total yearly inter- est from the two investments was $110. how much did she invest at each rate?
Let x be the amount Melinda invested at 4% yearly interest. Then, she invested 3x at the 6% yearly interest rate. The total yearly interest from these investments is $110.
We can set up an equation using the information given:
(4% * x) + (6% * 3x) = $110
Simplify the equation:
0.04x + 0.18x = 110
Combine like terms:
0.22x = 110
Now, divide both sides by 0.22 to find the amount invested at 4%:
x = 110 / 0.22
x = 500
So, Melinda invested $500 at 4% yearly interest. To find the amount invested at 6%, multiply this value by 3:
3x = 3 * 500
3x = 1500
Thus, Melinda invested $1,500 at 6% yearly interest.
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This is a case study adopted from the book of Crispina R. Corpuz. "Reyes Department Store" Based on the review of the store, Nicole, the general manager concluded that one of the first things she has to attend involves developing the job description of her store supervisor. During her first few weeks on the job, Nicole found herself asking one of her supervisors, Jet, why was he violating what she knew to be part of the company policies and procedures. Jet’s only response was that he was not aware of that policy and was not aware it was part of his job. Nicole knew that a job description, along with a set of standards and procedures that specify what was to be done and how to do it, will go a long way toward alleviating the problem. Discuss the process that Nicole should follow to solve this problem.
In order to Nicole to solve this problem, she must reevaluate the job description and company policies and procedures, and then include certain specifications that will make employees more aware of their roles within the company.
Nicole is the general manager of the Reyes Department Store, so she acted correctly when she noticed inconsistent conduct by one of her supervisors and identified the problem.
She then realized that she should carry out a job description along with standards and procedures that specify what should be done and how to do it.
A job description is a document that specifies the responsibilities and activities of each organizational role.
Its objective is to adapt professionals to their work position according to their profile and optimize people management, creating greater standardization of processes and agility in decisions.
Therefore, job descriptions must always be monitored and revised so that new needs are included and so that employees can carry out their role effectively.
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The discounted payback period method is a modified payback period model that considers how long it takes to recover the initial investment in current dollars.
a. true
b. false
Yes, it's true, The discounted payback period method is a modified payback period model to recover the initial investment in current dollars.
The discounted payback period is a capital budgeting technique used to decide the profitability of a venture. a discounted payback length offers the wide variety of years it takes to interrupt even from the assignment of the preliminary expenditure, by way of discounting destiny coins flows and recognizing the time value of money. The metric is used to assess the feasibility and profitability of a given assignment.
The more simplified payback length formulation, which certainly divides the overall coins outlay for the venture with the aid of the common annual cash flows, doesn't offer as accurate of a solution to the query of whether or not to take on an undertaking as it assumes handiest one, in advance investment, and does not component inside the time price of cash.
Investment definition is an asset acquired or invested in to construct wealth and store money from the hard-earned income or appreciation. funding means in general to gain an extra source of earnings or advantage benefit from the funding over a selected time frame.
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What are the 3 key elements for MRP?
The three key elements for Material Requirements Planning (MRP) are: Bill of Materials (BOM), Master Production Schedule (MPS), and Inventory Records.
\BOM is a list of all raw materials and components needed to produce a finished product, MPS outlines the production schedule to meet customer demand, and Inventory Records show the available inventory levels.
By combining these three elements, MRP helps manufacturers determine when and how much raw material and components to order, ensuring that production schedules are met and inventory levels are optimized.
MRP systems use these key elements to calculate net requirements for each component, helping manufacturers to plan and manage their production processes efficiently.
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1. The stated interest payment, in dollars, made on a bond each period is called the bond's: A) Coupon. B) Face value. C) Maturity. D) Yield to maturity. E) Coupon rate.
The bond's coupon is the specified interest payment made on it each period in dollars.
The stated interest payment, in dollars, made on a bond each period is called the bond's Coupon. The period refers to the time interval at which the interest payment is made, such as annually, semi-annually, or quarterly. The bond's face value refers to the amount of money the bond will be worth at maturity, while the maturity refers to the date when the bond will be fully paid off. The yield to maturity refers to the total return anticipated on a bond if held until it matures. The coupon rate is the percentage of the bond's face value that will be paid out as interest each period.
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give four reason as to why being an entrepreneur is beneficial than a doing a job
Answer:
Hope this helps!
4 reasons:
Explanation:
1) Being an entrepreneur is beneficial because it helps you get to know yourself better. You get to be your own boss.
2) Entrepreneurs get to make their own schedule. You can work for flexible hours.
3) You get to be more independent. Taking entrepreneurship will grant you freedom.
4) Choosing to be an entrepreneur is a big risk. This means your taking a challenge in your life. You'll make yourself stronger!
The best part though? It is a big satisfaction when you succeed, yeah and you'll definitely be proud of yourself.
in the u.s. economy, the money supply is controlled by the
Answer:
the fed
Explanation:
I just serched it up
Answer:
The money supply is controlled by the U.S government
If you want to go more in-depth it’s the federal reserve
Explanation:
Hope my answer helps
Do you like Mr.Beast why or why not.
Answer:
yes i do
Explanation:
Which of the following accounts would normally have a credit balance and appear in the balance sheet?
A. Dividends.
B. Salary expense.
C. Revenue.
D. Uneamed revenue.
E. Accounts receivable.
The account that contains a normal credit balance & the same appears in the balance sheet is unearned revenue.
The following information is relevant:
The dividend contains the normal debit balance and the same is to be shown under the stockholder equity statement.The salary expense is to be shown under the income statement and contains a normal debit balance.The revenue is to be shown under the income statement & contains a normal credit balance.Unearned revenue is a liability account and contains a normal credit balance. Also, it is to be shown under the balance sheet.The account receivable is an asset account & it contains a normal debit balance. Also, it is to be shown under the balance sheet.Therefore we can conclude that the account that contains a normal credit balance & the same appears in the balance sheet is unearned revenue.
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Jobs and careers that require degrees or certificates generally jobs that require little or no training
Answer:
IT companies
Court Reporter
Sheet Mental worker
Certifications are less expensive, degrees provide a comprehensive education. The following statement explains their importance.
What is the more valuable degree or a certificate?While certifications are less expensive, degrees provide a more comprehensive education. If you want to expand your knowledge in IT-related fields, there are two options: certifications and degrees. Both paths have advantages, but they are not the same.
IT companies, Court Reporter requires degree or certification courses. While Sheet Mental workers, working in a garage, do not require degrees or certificates.
Therefore, the above statement explains the importance of a degree or a certificate.
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During the interview process with both companies, Justin learns something about a new product that Big Box Co. Is producing that will directly compete with Hope Springs. Because Justin learned about the ethics of and what is unethical, he will not share this information during his interview with Hope Springs.
Answer:
Ethics of Competition
Explanation:
Justin Justin learned about the ethics of competition, which implies that he does not disclose what he knows even if it is not in favour of Hope Springs because competition allows for such concealment of information.
Remember, a major facet of the"ethics of competition" is that it allows for freedom, so Big Box Co. has the freedom to produce any new product that would give her greater advantages.
Ethics in the organization have an important role in the marketing of the organization and the employee's ethics are responsible for the company's work. The organization's ethics helps in evaluating the stake of the company in the market.
The ethics learned by Justin helps him maintain the principle of both the companies. The sharing of information from Justin's end will deteriorate his employee's ethics, and his chances of being selected for the company's position may reduce.
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what factors drew homesteaders to the great plains, and what role did they play in the republicans’ vision for the post–civil war nation?
The factors that drew homesteaders to the Great Plains were the promise of free land and economic opportunity.
The Homestead Act of 1862 provided 160 acres of free land to settlers who were willing to live on and improve the land for five years. This drew many homesteaders to the Great Plains, as they saw it as an opportunity to own land and build a better life for themselves and their families.
The homesteaders played a crucial role in the republicans’ vision for the post–civil war nation. The republicans wanted to promote economic growth and development in the West, and the homesteaders were key to this plan. The homesteaders helped to settle the land, build farms and ranches, and create new communities.
They also helped to develop the infrastructure of the West, such as roads and railroads, which were essential for the growth of the region. In this way, the homesteaders played a vital role in shaping the post–civil war nation and helping to fulfill the republicans’ vision for the West.
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The Italy can produce 20 Gas turbines and 60 Tyres. France can produce 80 Gas turbines and 30 Tyres.
a). What is the opportunity
cost of producing Gas turbines in Italy? ______ tyres.
b). What is the opportunity cost of producing Tyres in
France ? _______ Gas turbines.
Answer:
1. 60 Tyres
2. 80 Gas Turbines
Explanation:
Given that the Opportunity cost is an economics term that is used in describing the cost of an alternative that must be forgone to continue or proceed with a certain activity.
Hence, in this case, considering the available information in the question, the correct answer is that the opportunity cost of producing Gas turbines in Italy is 60 Tyres.
At the same time the opportunity cost of producing Tyres in France 80 Gas turbines.
If the gross rating points of a popular talk show are 89 and the reach is 56, what is the frequency at which the viewers will watch advertisements that air during the show?
A.
1.4
B.
1.7
C.
1.5
D.
1.8
E.
1.9
If the gross rating points of a popular talk show are 89 and the reach is 56, the frequency at which the viewers will watch advertisements that air during the show will be 1.5.
In traditional ad buying, the gross rating point (GRP) is a standard metric for gauging the effectiveness of a particular advertising campaign. The number of times a target audience sees the advertisement is multiplied by the proportion of impressions that represent that audience in GRPs.
Reach (%) + GRPs (%) + Average frequency (#) = GRPs (%) Two instances: A campaign has 12 x 5 = 60 GRPs if, on average, 12% of viewers watch each episode of a television show, and an advertisement is put on 5 of those episodes.
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which of the following describes the term of your mortgage?
A: The length of your loan
B: The amount you are refunded once you pay off your house
C: The amount of money you borrow
D: The interest a person will pay on their loan
Answer:
answer A-the length of your loan
Answer:
The length of your loan
Explanation:
The term of a mortgage loan is how long the borrower has to repay the loan. Most home mortgages are typically 15, 20, or 30 years.
A restaurant customer complains to the waiter person that their meal has arrived at the table cold. After apologizing to the customer, the waiter person should:
a) remove the meal and reorder immediately
b) reheat the meal immediately
c) tell the customer that other staff are to blame
d) leave the meal on the table and reorder as soon as possible
Answer:a
Explanation:
The emergence of self-driving cars is an example of ""creative destruction"" because.
This is because: Self-driving cars will be less expensive to build than current cars.
What is creative destruction?This term was coined by Joseph Schumpeter. The concept of creative destruction refers to the process of economic innovation, in which some products are replaced by others, or some firms die because they are driven out of the market by others, and so on.
When a company produces a new good that makes the old ones already in the market obsolete, the company is said to be creatively destroying the old goods.
An classical example of creative destruction occurred when Steve Jobs introduced the Iphone in 2007.
Therefore, the emergence of self-driving cars is an example of ""creative destruction"" because self-driving cars will be less expensive to build than current cars
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On August 2, 2021, Wendy purchased a new office building for $3,800,000. On October 1, 2021, she began to rent out office space in the building. On July 15, 2025, Wendy sold the office building. If required, round your answers to the nearest dollar. Click here to access the depreciation table to use for this problem. a. What MACRS convention applies to the new office building? ______. b. What is the life of the asset for MACRS? ______. c. Determine Wendy's cost recovery deduction for 2021 and 2025. 2021: $ ______. 2025: $ ______.
a. The MACRS convention that applies to the new office building is the Mid-Month Convention. b. The life of the asset for MACRS is 39 years for a nonresidential real property like an office building. C) Depreciation for 2021: = $85,386 for 2025 : $97,432.
To determine Wendy's cost recovery deduction for 2021 and 2025, we need to calculate the depreciation for each year using the MACRS depreciation table. The table provides percentages that we will multiply with the building's cost to determine the depreciation amount for each year.
For 2021: Since Wendy started renting out the office space on October 1, which is in the 10th month, she used the building for 3 months in 2021. The Mid-Month Convention table states a depreciation rate of 2.247% for the 10th month.
Depreciation for 2021: $3,800,000 x 2.247% = $85,386 (rounded to the nearest dollar). For 2025: Wendy sold the building on July 15, which is in the 7th month. She used the building for 6.5 months in 2025. The table shows a depreciation rate of 2.564% for the 7th year.
Depreciation for 2025 (full year): $3,800,000 x 2.564% = $97,432 (rounded to the nearest dollar). Since Wendy used the building for 6.5 months in 2025, we need to prorate the depreciation: Depreciation for 2025 (6.5 months): $97,432 x (6.5 / 12) = $52,761 (rounded to the nearest dollar). So, Wendy's cost recovery deduction for 2021 is $85,386, and for 2025, it is $52,761.
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suppose that both firms start off by deciding not to advertise. if the firms act independently, what strategies will they end up choosing?
Suppose that both firms start off not advertising. If firms act independently, what strategies will they end up choosing (option B) - Both firms will advertise)
An advert is a mass or public media message with is designed to convince people to but into a product, service or an idea.
Both businesses will decide to run ads. This is so that regardless of what the other company does, both businesses benefit more from advertising.
Both businesses will decide against advertising. This is due to the Nash equilibrium of 9,9 where both companies promote being better than 11 million profit.
This is justified by the fact that neither business needs to market because doing so increases expenses and decreases revenue.
Hence, it is correct to state rival firms will end up advertising.
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Full Question:
Suppose that both firms start off not advertising. If firms act independently, what strategies will they end up choosing?
A) fizzo will choose not to advertise and Pop Hop will choose to advertise.
B) Both firms will advertise
C) Both firms will choose NOT to advertise
D) Fizzo will chose to advertise and Pop will choosenot to advertise.
If net sales are $600,000 and gross profit is $412,800, what is the gross profit rate?.
If net sales are $600,000 and gross profit is $412,800, the gross profit rate is 68.8%.
Gross Profit: A company's gross profit is calculated by deducting its entire sales from its total cost of products sold. All products sold by the business are included in the overall sales. All of the variable costs related to sales are added together to form the overall cost of the products sold.
How can I determine my gross profit?
Cost of goods sold (COGS) is subtracted from total revenue to determine gross profit. Typically, only variable expenses are taken into account when determining gross profit from COGS. Variable expenses are those that are directly related to output (like material and shipping costs).
What is a gross profit, exactly?
Gross profit, often known as gross income, is calculated by deducting a company's cost of goods sold from its sales (COGS). It is frequently used to assess how effectively a business is controlling labor and resources throughout production.
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True or false? goods-producing organizations are not involved in service activities.
The given statement that goods-producing organizations are not involved in service activities is fasle.
Do businesses that produce things also engage in services?Organizations that manufacture goods do not engage in service activities. false The majority of systems combine products and services. . Because consumer demand is unpredictable, service operations need more inventory.
Organizations that manufacture goods do not engage in service activities. Because consumer demand is unpredictable, service operations need more inventory. The prices consumers are prepared to pay for goods or services serve as a gauge of the value of outputs.
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A ship total weight is equal to the weight of the water it displaces. If you want to calculate the ship weight you must first know
In order to calculate the weight of the ship, it is essential to know the the volume of the part of the ship that lies below the water's surface. Thus, option (C) is correct.
What is Volume?Volume is the scalar quantity of any object that specified occupied space in 3 dimensions. For example, the space in our room is referred to as volume.
The determination of the weight of the ship, the volume of the component of the ship that rests beneath the water's surface, must be known. Therefore, it can be concluded that option (C) is correct.
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Your question is incomplete, but most probably the full question was….
a. The volume of water in the lake or ocean in which the ship is floating.
b. the volume of the entire ship.
c. the volume of the part of the ship that lies below the water's surface.
d. All of the above
Define equilibrium price, demand schedule, and supply schedule. Then, briefly explain how demand and supply schedules are used to find the equilibrium price. (4 points)
Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand is $50.00. Her best guess is that she can sell 300 cups per week at $0.50 per cup. The variable cost of producing a cup of lemonade is $0.20.
a. Given her other assumptions, what level of sales volume will enable Julie to break even?
b. Given her other assumptions, discuss how a change in sales volume affects profit.
c. Given her other assumptions, discuss how a change in sales volume and variable cost jointly affect profit.
d. Use excels Formula Auditing tools to show which cells in your spreadsheet affect profit directly.
a) Julie needs to sell at least 250 cups of lemonade per week to break even.
b) If sales volume decreases, profit will decrease since the decrease in revenue will not be enough to offset the decrease in variable cost.
c) As sales volume increases and variable cost decreases, profit will increase.
d) The Formula Auditing tools that shows which cells in your spreadsheet affect profit directly is Trace Dependents
a. To calculate the break-even point, Julie needs to determine the sales volume at which her total revenue equals her total cost. Total cost consists of both fixed and variable costs. Total revenue is the product of the price per cup and the number of cups sold. Thus, the break-even point can be calculated as follows:
Total cost = Total revenue
Fixed cost + Variable cost * Sales volume = Price per cup * Sales volume
Substituting the given values, we get:
$50 + $0.20 * Sales volume = $0.50 * Sales volume
Solving for Sales volume, we get:
Sales volume = Fixed cost / (Price per cup - Variable cost) = $50 / ($0.50 - $0.20) = 250 cups
b. Profit is the difference between total revenue and total cost. As sales volume increases, total revenue increases, while total cost increases due to the variable cost component. The effect of sales volume on profit can be analyzed using the profit formula:
Profit = Total revenue - Total cost
= Price per cup * Sales volume - (Fixed cost + Variable cost * Sales volume)
If sales volume increases while all other assumptions remain the same, profit will increase as long as the additional revenue from the increased sales volume exceeds the additional variable cost incurred.
c. In addition to sales volume, variable cost can also impact profit. An increase in variable cost reduces profit for a given sales volume, while a decrease in variable cost increases profit. The effect of changes in sales volume and variable cost on profit can be analyzed using the following profit formula:
Profit = (Price per cup - Variable cost) * Sales volume - Fixed cost
Using this formula, we can see that as both sales volume and variable cost increase, profit will decrease since the increase in revenue will be offset by the increase in variable cost. Conversely,
d. To determine which cells in the spreadsheet affect profit directly, we can use Excel's Formula Auditing tools. We can start by selecting the profit formula cell and clicking on "Trace Dependents."
This will highlight all the cells that directly or indirectly affect the profit formula. We can then identify the cells that affect profit directly by looking for cells that are directly linked to the profit formula.
In this case, the cells that affect profit directly are the price per cup, variable cost, sales volume, and fixed cost cells.
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