Answer and Explanation:
The classification are as follows
(a) Payment of interest on notes payable = Operating activities as cash outflow
(b) Exchange of land for patent = Non cash investing activity as it does not involve cash transactions
(c) Sale of building at book value = Investing activities as cash inflow which is represented in a positive sign
(d) Payment of dividends. = Financing activities as cash outflow which is represented in a negative sign
(e) Depreciation = It is added to net income and shown in operating activities
(f) Receipt of dividends on investment in stock = Operating activities as cash inflow
(g) Receipt of interest on notes receivable = Operating activities as cash inflow
(h) Issuance of common stock = Financing activities as cash outflow
(i) Amortization of patent = Operating activities as cash inflow and added to the net income
(j) Issuance of bonds for land = Non cash investing activity as it does not involve cash transactions
Answer:
The classification are as follows
(a) Payment of interest on notes payable = Operating activities as cash outflow
(b) Exchange of land for patent = Non cash investing activity as it does not involve cash transactions
(c) Sale of building at book value = Investing activities as cash inflow which is represented in a positive sign
(d) Payment of dividends. = Financing activities as cash outflow which is represented in a negative sign
(e) Depreciation = It is added to net income and shown in operating activities
(f) Receipt of dividends on investment in stock = Operating activities as cash inflow
(g) Receipt of interest on notes receivable = Operating activities as cash inflow
(h) Issuance of common stock = Financing activities as cash outflow
(i) Amortization of patent = Operating activities as cash inflow and added to the net income
(j) Issuance of bonds for land = Non cash investing activity as it does not involve cash transactions
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Explanation:
which of the following users of accounting information are interested in the quality of a company assets?
a government agencies
b loan creditors
c employees
d public
Answer:
D
Explanation:
Well public is all about quality
Which document must a developer of more than 20 new residential condo units give to prospective buyers?
Answer:
a Prospectus
Explanation:
The Prospectus is the name of the document that is required to be issued out by a developer when there are 20 new residential condo units up for sales.
This document contains information written in the condominium documents, and after it has been filled, it is usually submitted to the Division of Florida Condominiums, Timeshares, and Mobile Homes.
A ball is thrown straight up into the air. The table shows the data collected over t seconds, where h(t) is the height of the ball, in feet.
A 2-column table with 6 rows titled Height of Ball over Time. The first column is labeled t with entries 0, 1, 2, 3, 4, 5. The second column is labeled h(t) with entries 0, 64, 96, 96, 64, 0.
Which statement is true?
The initial height of the ball is 96 feet.
The ball will hit the ground between 2 and 3 seconds after it was thrown.
The maximum height of the ball must be 96 feet.
The maximum height of the ball was reached 2.5 seconds after it was thrown
A ball is thrown instantly up into the air. The table suggests the records collected over t seconds, where h(t) is the peak of the ball, in ft. option D The maximum height of the ball became reached 2.5 seconds after it became thrown.
When a feature's slope is 0 at x, and the second derivative at x is: much less than zero, it's miles a neighborhood maximum. more than 0, it's miles a local minimum.
We are able to set the first by-product of the feature to 0 and remedy for x to get the vital point. If we take the second by-product or f''(x), then we can find out whether or not this point could be a maximum or minimum. If the second derivative is advantageous, it is going to be a minimum fee.
If we're unable to attract a graph, there are formulas you may use to discover the most. if you are given the components y = ax2 + bx + c, then you could discover the maximum price of the usage of the method max = c - (b2 / 4a). if you have the equation y = an (x-h)2 + okay and the a term is negative, then the most price is k.
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If Amelia would like to double her money in twelve years, how much interest does she need to earn O 12 percent O 16.6 percent O 6 percent 10 percent
Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.
To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.
This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.
To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.
2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)
Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]
Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)
Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)
Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n
Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)
Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)
We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.
Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.
Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent
Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent
Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent
Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent
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According to modern classification of accounts, the sales account is a(n) ________account.
According to modern classification of accounts, the sales account is a revenue account.
What is a revenue account?Revenues are the assets generated by the operations and business activities of a company. In other words, revenues include the cash or receivables received by a business in exchange for the sale of its goods or services. The revenue account is a credit balance equity account.
When we earn revenue, we need to properly record it in our accounting books.
The two kinds of revenue account- operating and non-operating revenue accounts can be classified further into-
SalesRent revenueDividend revenueInterest revenueContra revenue (sales return and sales discount)Therefore, the sales account is a revenue account.
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Suppose that a portfolio management company manages an investment fund. The fund
manager observes a bond in the market and intends to add it to the fund portfolio. The
bond has a 100.000 TL par value, 10% coupon rate (coupon payments are annual) and a
6-years maturity. The business model is to “hold-to-maturity”. The company purchases
the bond at the beginning of the year when the market yields are 8%. After exactly 3
years of investment, market yields increase to 12%. What would be the profit or loss
amount in the income statement for that third year?
a) 1.427,92 TL loss
b) 1.470,06 TL profit
c) 8.529.94 TL profit
d) 10.000 TL loss
Answer: The correct answer is (a) 1.427,92 TL loss.
Explanation:
To calculate the profit or loss for the third year, we need to determine the market value of the bond at the end of the second year and compare it to the par value of 100,000 TL.
At the beginning of the investment, the bond has a coupon rate of 10% and a market yield of 8%, so its price is:
PV = (10000/1.08) + (10000/1.08^2) + (110000/1.08^3) = 104,406.40 TL
After 3 years, the market yield has increased to 12%, so the bond's price would have changed to reflect this new yield. To calculate the new price, we can discount the remaining coupon payments and the par value at the current market yield:
PV = (10000/1.12^1) + (10000/1.12^2) + (10000/1.12^3) + (100000/1.12^3) = 88,572.08 TL
The market value of the bond at the end of the second year is 88,572.08 TL, which represents a loss compared to the par value of 100,000 TL:
Loss = 100,000 - 88,572.08 = 11,427.92 TL
Therefore, the correct answer is (a) 1.427,92 TL loss.
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A company issues bonds with a $100,000 par value, an 8% annual contract rate, semiannual interest payments, and a five year life. The bonds sold for $107,850. The entry to record the issuance of the bonds will include
Answer:
a. A credit to Premium on Bond Payable $7,850
Multiple-choices
a. A credit to Premium on Bonds Payable of $7,850.
b. A debit to Discount on Bonds Payable of $7,850
c. A credit to Cash of $100.000.
d. A credit to Bonds Payable of $107850
Explanation:
Bonds issued at a premium mean a customer pays a higher price than the face value. In this case, the premium amount is the difference between $107,850 and $100,000. When bonds are issued at a premium, the premium amount is debited to a premium bond account.
How does competition affect businesses in a positive way?
Competition in business can affect businesses in a positive way. Competition is the rivalry that exists between businesses that provide the same products or services to the same target market. It can be a positive force that spurs businesses to improve their services and products and to come up with innovative ideas.
Here are some of the positive effects that competition can have on businesses:
Increased innovation: The competition encourages businesses to come up with new and innovative products or services to attract more customers. For example, the rivalry between Apple and Samsung has resulted in the development of better smartphones with more advanced features. As a result, consumers get access to the latest technology.
Improved quality: Competition can motivate businesses to produce high-quality products or services to meet the needs of their customers. If one company raises the bar by providing superior quality, other companies are forced to follow suit to keep up. This benefits consumers as they get access to high-quality products and services.
Lower prices: When businesses compete, they are forced to lower their prices to attract more customers. This benefits consumers who can purchase products and services at a lower price.
Increased customer service: Competition can result in businesses improving their customer service to retain their customers and attract new ones. Businesses that provide excellent customer service can gain a competitive advantage over their rivals. As a result, customers receive better service, which enhances their overall experience.
Increased efficiency: Competition can encourage businesses to streamline their operations to improve efficiency and reduce costs. This, in turn, can result in increased profits, which can be passed on to customers in the form of lower prices.
In conclusion, competition in business can have many positive effects. It can lead to increased innovation, improved quality, lower prices, increased customer service, and increased efficiency.
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What is the new changes to Enlisted Promotions and Reduction
I’m trying to promote to Sergeant as an Active Duty Army SPC… I do not have BLC complete and my PPW says “Recommended E-5 STEP NCOES REQ” a few of my buddies all picked up SGT for Octobers list and they are not BLC complete either but they made points I’m currently a 13J I have 355 points for E-5 what’s the new changes with promotion and am I able to pick up e-5 on novembers list..
Answer:
"picked" (and any subsequent words) was ignored because we limit queries to 32 words.
Your search - What is the new changes to Enlisted Promotions and Reduction I’m trying to promote to ... - did not match any documents.
Suggestions:
Make sure that all words are spelled correctly.
Try different keywords.
Try more general keywords.
Try fewer keywords.
I. A clinic encourages its customers to have their bond checked with the claim that one out
of four 60-year-old men need to be supplemented with glucosamine. If this is true, what is
the probability of the following events:
a. Two out of the next eight 60 year-old men need to be supplemented with glucosamine
b. Three out of the next 12 60 year-old men need to be supplemented with glucosamine
A clinic encourages its customers to have their bond checked with the claim that one out of four 60-year-old men need to be supplemented with glucosamine. If this is true, then the probability of the following events is Two out of the next eight 60 year old men need to be supplemented with glucosamine.
Glucosamine is a naturally occurring compound in the body. It is required for the formation and repair of cartilage as well as other body tissues.
Because glucosamine production slows in age, some people take glucosamine supplements to help them fight aging-related health issues like osteoarthritis. The majority of supplements are made from the shells of marine life, such as prawns and crabs.
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The two franchises that I will compare and contrast are Popeyes and Planet Fitness.
1. Write up a summary where you compare and contrast each of the franchise opportunities. You must cite sources identifying where the information came from, and you need at least three sources for each of the franchises.
2. Make a final decision as to which franchise would be a better fit for you to personally invest in based on your researched information.
Beginning in 2003, franchises for Planet Fitness were sold. Beyond the typical celebrity brand endorsement, the new cooperation between Popeyes and Megan Thee Stallion goes far further.
Describe the franchisee of Popeye.In the United States and 14 other countries, Popeyes has more than 3,400 outlets. Popeyes is releasing a new version of the hugely popular chicken sandwich it debuted in 2019 for the first time, marking the company's first-ever global cooperation. Additionally, the brand's chicken nuggets will come with the sauce.
A philanthropic element is also a part of the cooperation. Popeyes continues to be at the forefront of innovation and popular culture, as evidenced by this relationship, which is one of the reasons why the company is on track to become one of the top worldwide QSR brands. the Planet's rate of staff turnover at Planet Fitness is relatively high. The Popeye franchisee's limited control over the business is the next drawback.
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The price elasticity of supply reflects the flexibility of firms to increase or decrease the quantity supplied.
Which of the following does NOT increase flexibility?
So far in this chapter, all of the elasticity metrics have been related to the demand side of the market. Knowing how sensitive the amount given is to a change in pricing is also helpful.
Let's say there is a surge in apartment demand. There will be a dearth of flats available at the previous level of rent, which will put pressure on rents to increase. With all other factors remaining constant, the lower the rise in rent necessary to address the shortfall and restore market equilibrium, the more sensitive the supply of available flats is to changes in monthly rates. In contrast, price would need to climb more if quantity provided is less responsive to price changes, resulting in a shortage brought on by a spike in demand.
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If the supply of a good increased, what would be the effect on the equilibrium price and quantity?
Answer:
An increase in supply, all other things unchanged, will cause the equilibrium price to fall; quantity demanded will increase. A decrease in supply will cause the equilibrium price to rise; quantity demanded will decrease.
If supply increases while all other factors remain constant, the equilibrium price will fall. The quantity demanded will rise. A decrease in supply raises the equilibrium price while decreasing the quantity demanded.
What is supply?Supply is a fundamental economic concept that describes the total amount of a specific good or service that consumers have access to.
If displayed on a graph, supply can refer to the amount available at a specific price or the amount available across a range of prices. Changes in the supply curve shift the equilibrium price and quantity. If supply grows, equilibrium price falls and quantity grows.
Therefore, an increase in the supply will cause a reduction in equilibrium price and an increase in the quantity of a good.
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In real business cycle theory, a decrease in GDP is typically caused by
A. Aggregate Demand shifting left
B. Aggregate Demand shifting right
C. Short-run Aggregate Supply shifting right
D. Long-run aggregate supply shifting left
In real business cycle theory, a decrease in GDP is typically caused by aggregating Demand shifting left. Thus, option A is the correct option.
What causes a decrease in real GDP?When a nation has a positive trade balance or surplus, its GDP rises. However, a trade imbalance occurs when a nation spends more on importing goods and products than on exporting them, which lowers GDP. Either the spending technique or the income approach can be used to calculate GDP. Both methods calculate the total output value of all commodities and services generated in a nation.
A nation can comprehend the whole of what is purchased and the final output of products and services by employing either strategy. Both figures will be similar in size. The national income is used in the income approach to calculate GDP. Data on all earnings from all sources of output are gathered to compute GDP.
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Let MAC1 = 100 – 10E and MAC2 = 50 – 10E. Graph each function and compute the aggregate MAC curve. Let MD = 30E, compute the socially efficient equilibrium. For the equations given above, suppose the government sets the pollution level at four units. What are the net social costs of this policy?
Suppose a technological change occurs that reduces the marginal costs of abatement for polluter 1 in the above equation to that of polluter 2. How does this affect the socially efficient level of pollution? Solve numerically and graphically.
If the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not impact the socially efficient level of pollution. The level is still determined by equating Marginal Damage with the Aggregate MAC.
To graph each function, we can plot MAC1 and MAC2 on a graph with the quantity of emissions (E) on the x-axis and the marginal abatement cost (MAC) on the y-axis.
For MAC1: MAC1 = 100 - 10E
For MAC2: MAC2 = 50 - 10E
To compute the aggregate MAC curve, we add the individual MAC curves together. So, Aggregate MAC = MAC1 + MAC2.
Aggregate MAC = (100 - 10E) + (50 - 10E) = 150 - 20E
Now, let's calculate the socially efficient equilibrium by setting the Marginal Damage (MD) equal to the Aggregate MAC.
MD = Aggregate MAC
30E = 150 - 20E
Simplifying the equation, we get:
50E = 150
E = 3
Therefore, the socially efficient equilibrium occurs when the quantity of emissions (E) is 3.
Now, let's calculate the net social costs of the policy when the government sets the pollution level at four units.
Net social costs = Aggregate MAC - MD
Net social costs = (150 - 20(4)) - (30(4))
Net social costs = 110 - 120
Net social costs = -10
The net social costs of this policy would be -10, indicating a net benefit to society.
If a technological change occurs that reduces the marginal costs of abatement for polluter 1 to that of polluter 2, it means that MAC1 will become equal to MAC2.
Setting MAC1 equal to MAC2:
100 - 10E = 50 - 10E
Simplifying the equation, we find that E can have any value, as both sides are equal.
Graphically, this change would mean that MAC1 and MAC2 become parallel lines on the graph, with the same slope and intercept. The socially efficient level of pollution would still be determined by equating MD with the aggregate MAC.
In conclusion, if the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not affect the socially efficient level of pollution. The socially efficient level is still determined by equating the Marginal Damage with the Aggregate MAC, regardless of the marginal costs of individual polluters.
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Managers use all of the following types of resources to achieve organizational goals except
Managers use all of the following types of resources to achieve organizational goals except: A. International.
Who is a manager?A manager can be defined as the person that help to oversee a company or an organization day to day business operation and activities by ensuring that their is smooth business operation.
Managers tend to often make use of the below resources to achieve their organizational goals and objectives:
PhysicalHumanFinancialInformationTherefore we can conclude that the correct option is A.
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The complete question is:
Managers use all of the following types of resources to achieve organizational goals EXCEPT
A. International
B. Physical
C. Human
D. Financial
E. Information
Incorrect
Question 3
0/5 pts
(01.01 MC)
Tina just completed a science degree and wants to continue on to medical
school. What can she expect?
-Her earnings potential may decrease.
-Her potential expenses may decrease
-Her earnings potential may increase.
-Her potential wants may decrease.
Answer:
Her earning potential may INCREASE
Explanation:
Tina just completed a science degree and wants to continue to medical school. Her earnings potential may increase. Hence, option C is appropriate.
What is the earnings potential?Earning potential is the phrase used to describe the potential profits that shareholders may realize from holding a company, including dividend payments but also capital growth. In plenty of other words, it displays the most profit that a business may get. The manner of dividends is frequently distributed to investors.
The formula can also be thought of as predicted revenue with fewer expenses equaling profit potential. Gross margin %, also known as the ratio of profit to sales, is a metric that businesses use to assess the profitability of various products.
Let's start with the definition of earning potential (income potential): this is the sum of money you should be able to accumulate throughout a certain period. In other regards, this is a reference to your potential for financial gain.
Hence, option C is correct.
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Olivas Recreation reported a net income of $3.2 billion, interest expense of $214 million, and income tax expense of $195 million in 2022. What is their times interest earned
The times interest earned is 16.86 times.
The times interest earned is also known as interest coverage. It is a type of coverage ratios. Coverage ratios measure the ability of a company to cover its debt payment.
Times interest earned = earnings before interest and taxes / interest payment
Earnings before interest and taxes = net income + interest expense + tax expense
$3.2 billion + 214 million + 195 million = $3.609 billion
Times interest earned = $3.609 billion / $214 million = 16.86 times
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At a time of growing digital disruption, Human Resources professionals are increasingly driving the organizations need for a?
At a time of growing digital disruption human resources professionals are increasingly driving the organizations need for a digitally skilled workforce
Why Human Resources professionals go for a digitally skilled workforceas digital technologies continue to transform the workplace hr professionals are responsible for ensuring that their organizations have the talent skills and capabilities to thrive in a digital environment
This may involve developing and implementing strategies for talent acquisition workforce development and organizational culture that support digital transformation
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While in the restroom, you overhear your boss telling a colleague that Bob is going to be laid off at the end of the quarter in about two weeks time. Bob is a good friend of yours. Do you tell him? its about leadership
Answer:
While in the restroom, you overhear your boss telling a colleague that Bob is going to be laid off at the end of the quarter in about two weeks’ time. Bob is a good friend of yours.Do you tell him? Why or why not?a.Response/Approach: UTILITARIANISMi.As a good friend you are, you could HIGHLY encourage Bob look for a newjob and infer that you heard that there are budget cuts going to be happening and “anyone” could be “laid off.”7.One of the newest salespeople in your division is a real goof-off, never showing up for work on time, distracting other people with his antics and so on. You complain about him to your boss, who tells you the kid is the son of the company president. Your boss instructs you not only to leave the new guy alone but also to make his sales numbers look good by throwing him some no-brainer accounts. What do you do?a.Response/Approach: INDIVIDUAL RESPONSIBILITESi. As an employee of this company, you have the responsibility to report thisto a someone of higher status than just your boss. If your boss isn’t takingthe situation seriously, you need to stand up and tell higher authorities.ii.There is surely more people that are aware of this and if everyone aware backs you up, you can’t be fired or punished because then things would “become personal” and that can become a bigger issue that the presidentof the company is probably willing to deal with.
Explanation:
Utilitarianism is a moral philosophy, As a close buddy, you may strongly advise Bob to look for a new job infer that you heard budget cuts.
What exactly is utilitarianism?Utilitarianism is a moral philosophy that favors activities that promote happiness or pleasure while opposing actions that cause misery or harm. A utilitarian ideology would seek the good of society as a whole when used to make social, economic, or political decisions.
As a close buddy, you may strongly advise Bob to look for a new job and infer that you heard budget cuts are coming and "anyone" could be laid off.
Therefore the above explanation aptly describes the solution to the scenario.
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When federal reserve banks buy securities in the open market, checkable deposits are?
B. checkable deposits and reserves of commercial banks both decrease
Open market operations:
The Federal Reserve uses open market operations (OMOs), which are central banks' purchases and sales of assets on the open market, as a key tool for carrying out monetary policy. The Federal Open Market Committee establishes the short-term goal for open market operations (FOMC). The Trading Desk at the Federal Reserve Bank of New York conducts OMOs. The Federal Reserve is only permitted to buy and sell a very small number of securities. Section 14 of the Federal Reserve Act specifies the conditions under which OMOs may be carried out.
The magnitude and type of each OMO's impact on the balance sheet of the Federal Reserve are determined by the operation's peculiarities. Weekly statistical release H.4.1, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Reserve Banks," contains the Federal Reserve's balance sheet. Securities held outright, contracts to buy and sell securities, repos, and reverse repos are all reported separately in the publication.
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If you wanted to see how much time you spent working on your assignments last Thursday, which
screen would you look at?
Student Activity
External Links
Suggested Facing
Note that If you wanted to see how much time you spent working on your assignments last Thursday, which screen would you look at is: "Student Activity" (Option A). This has to do with a learning management system.
What is Student Activity?A Learning Management System (LMS) is a web-based tool used to store classroom activity online. They are a sort of cloud computing in which the program is accessible whenever and wherever a user has Internet connection.
The goal of a learning management system (LMS) is to provide training and development to Learning and Development (L&D) departments so that they can maintain a company's growth, success, and, eventually, revenue. These are some lofty learning objectives.
Student activities are extracurricular groups and programs that are available to students at a college or university. Student activities are typically intended to get students more active on campus.
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Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $ 790 $ 4,740
October 4 Sale 4
October 10 Purchase 5 800 4,000
October 13 Sale 3
October 20 Purchase 4 810 3,240
October 28 Sale 7
October 30 Purchase 8 820 6,560
$ 18,540
3. Using LIFO, calculate ending inventory and cost of goods sold at October 31
The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.
The LIFO method (last-in, first-out) of inventory valuation requires that the most recent purchases of inventory be used first in the cost of products sold and ending inventory calculations. The ending inventory and cost of products sold at the end of October will be calculated using the LIFO method, based on the data given in the table.Based on the data given, the total units sold is 14, and the total units purchased is 17. Here's how to calculate the ending inventory and cost of products sold using the LIFO method:Step 1: The last purchase of 8 units at a cost of $820 each on October 30 is deducted from the inventory count, leaving 9 units.Step 2: The previous purchase of 4 units at a cost of $810 each on October 20 is deducted from the inventory count, leaving 5 units.Step 3: The next purchase of 5 units at a cost of $800 each on October 10 is deducted from the inventory count, leaving 0 units.Step 4: Based on the LIFO method, the cost of the ending inventory is the sum of the cost of the oldest units remaining in stock, which is 4 units at a cost of $790 each on October 1, totaling $3,160.Step 5: Based on the LIFO method, the cost of goods sold (COGS) is calculated by adding the total cost of units sold, which is 14 units at a cost of $820 each on October 30, 4 units at a cost of $810 each on October 20, and 5 units at a cost of $800 each on October 10, totaling $17,260.Therefore, the cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.For more questions on cost of goods sold (COGS)
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SA Traders is a registered VAT vendor. The following information was recorded in the accounting records of SA Traders as at 28 February 2022 (the financial year-end):
R
Office furniture at cost
228 500
Vehicles at cost
575 000
Accumulated depreciation: Office furniture (1 March 2021)
89 650
Accumulated depreciation: Vehicles (1 March 2021)
230 950
The office furniture is depreciated at 30% per annum, using the straight-line method. Vehicles are depreciated at 20% per annum, using the reducing balance method.
What will be the carrying value of the vehicles as at 28 February 2022?
The carrying value of the vehicles as of 28 February 2022 is 275,240.
To determine the carrying value of the vehicles as of 28 February 2022, we need to consider the original cost of the vehicles, accumulated depreciation, and the depreciation method used.
The original cost of the vehicles is given as 575,000.
The accumulated depreciation as of 1 March 2021 is 230,950.
The depreciation method used for vehicles is the reducing balance method, which means that the depreciation expense is calculated as a percentage of the remaining carrying value of the asset each year.
To calculate the depreciation for the year ending 28 February 2022, we need to determine the depreciation expense for the year. The reducing balance depreciation is calculated as a percentage of the carrying value of the asset after deducting the accumulated depreciation.
Depreciation expense for the year = Carrying value of the asset * Depreciation rate
The depreciation rate for vehicles is 20% per annum.
Carrying value of the vehicles as of 1 March 2021 = Original cost - Accumulated depreciation
Carrying value of the vehicles as of 1 March 2021 = 575,000 - 230,950
Carrying value of the vehicles as of 1 March 2021 = 344,050
Depreciation expense for the year ending 28 February 2022 = 344,050 * 20% = 68,810
To find the carrying value of the vehicles as of 28 February 2022, we deduct the depreciation expense for the year from the carrying value as of 1 March 2021:
Carrying value of the vehicles as of 28 February 2022 = Carrying value as of 1 March 2021 - Depreciation expense for the year
Carrying value of the vehicles as of 28 February 2022 = 344,050 - 68,810
Carrying value of the vehicles as of 28 February 2022 = 275,240
Therefore, the carrying value of the vehicles as of 28 February 2022 is 275,240. This represents the net book value of the vehicles after accounting for depreciation.
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does government spending contribute to economic growth
Answer:
Increased government spending is likely to cause a rise in aggregate demand (AD). This can lead to higher growth in the short-term. ... Higher government spending will also have an impact on the supply-side of the economy – depending on which area of government spending is increased.
Explanation:
In your completed RACI chart how many stakeholders are accountable for the code landing page task?
Answer:
Only one individual is accountable for each deliverable/task. At least one individual is responsible for each task. (Note that some tasks may not need Consulted or Informed individuals.)
Explanation:
Each task or deliverable has a single person who is responsible for it. There is always at least one person in charge of each task.
What is RACI chart?RACI stands for responsible, accountable, consulted and informed. A RACI chart identifies which participants will be Responsible, Accountable, Consulted, or Informed for a task, milestone, or decision. Responsible, Accountable, Consulted, and Informed is the abbreviation for RACI. An organization's operations or decision-making authorities are mapped out against all the roles or individuals in a RACI chart.
To determine the roles and responsibilities of your project teams for any task, milestone, or project deliverable, create a RACI chart. You can delineate roles and clear up ambiguities by using the RACI acronym. RACI is an acronym for accountable.
Thus, Each task or deliverable has a single person who is responsible for it.
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Person 1 is busy finishing up a project plan when their colleague comes in and delivers a contribution to the project. The deadline hasn't passed yet, and there is still ample time to finish the project. However, Person 1 found that their colleague didn't complete the work the way that Person 1 had asked. What is the most reasonable course of action for Person 1
Answer:
The success of the project is paramount so if the contribution from Person 1's colleague is going to make the project even better, there should be best efforts made to include it in the project.
This means that with that ample time left to complete the project, Person 1 should tell their colleague to complete the work in the required manner so that it can be added to the project before the deadline elapses.
If you do not balance your accounts, you run the risk of
and receiving
Answer:
being overdrawn and receiving NSF fees
Explanation:
Traditional marketing revolves around the 4 Ps:
Traditional marketing revolves around the 4 Ps, which are Product, Price, Place, and Promotion.
These elements form the foundation of a marketing strategy for businesses.
Product: Refers to the goods or services that a company offers to its customers. It involves defining the features, design, and quality of the product.
Price: Involves determining the cost of the product or service and finding the right pricing strategy that aligns with customer expectations and market conditions.
Place: Focuses on selecting the distribution channels and locations where the product will be available for customers to purchase. It includes decisions related to retail outlets, online platforms, or direct sales.
Promotion: Involves the activities undertaken to promote and create awareness about the product. It includes advertising, public relations, sales promotions, and other marketing communication strategies.
These 4 Ps provide a framework for businesses to analyze and optimize their marketing efforts to meet customer needs, increase sales, and achieve overall business objectives.
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Which of the following would help in the creation of a visual workplace?
a) Arrows painted on the floor indicating the flow of the process
b) A standard operating procedures manual on file
c) Emailing staff to reinforce file naming conventions
d) A manager advising customers on how to return purchases
Answer:
a) Arrows painted on the floor indicating the flow of the process
Explanation:
A visual workplace is created when there are use of visual symbols to communicate and direct employees on how things are to be done.
Visual workplace has the advantage of always being available to direct employees on how to get things done.
Even when employees are working at some distance apart they can easily get directions on what to do as long as they can see the visual symbols.
For example arrows painted on the floor indicating flow process is a visual symbol that helps employee know the process flow of the operation