Debit Treasury Stock for $17.20 million and credit Cash for $17.20 million.
what is Debit ?
A debit is an accounting entry that affects a company's balance sheet by increasing assets or decreasing liabilities. In basic accounting, credits that work in the inverse direction of debits balance each other out.
The journal entry would be :
Treasury stock = (200,000*86)
To cash $17.2million
Debit Treasury Stock for $17.20 million and credit Cash for $17.20 million.
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Place the items in the appropriate box based on whether the price elasticity of demand is more likely to be elastic or inelastic
The items in the appropriate box based on whether the price elasticity of demand is more likely to be elastic or inelastic is as follows:
Elastic Inelastic
Movie tickets Water
Pizza Insulin for a diabetic
Electricity
Gasoline
Luxury goods (e.g. designer clothing, high-end electronics): Elastic
- These items are often non-essential and have readily available substitutes. As a result, consumers are more likely to be sensitive to changes in price and will decrease their demand significantly if the price increases.
Necessities (e.g. food, medicine): Inelastic
- Necessities are essential goods that people need for survival. The demand for these items tends to be less affected by price changes because consumers have limited alternatives and are less responsive to price fluctuations.
Brand-specific products (e.g. Apple products, Nike shoes): Inelastic
- Consumers who are loyal to specific brands may be less price-sensitive and more willing to pay a premium for these products. Even if the price increases, they are likely to continue purchasing these items.
Generic products (e.g. store-brand groceries, generic medications): Elastic
- Generic products are often cheaper alternatives to brand-name items. Consumers are more likely to switch to these alternatives when prices for brand-name products increase, indicating a higher elasticity of demand.
Unique or one-of-a-kind products (e.g. original artwork, rare collectibles): Inelastic
- Items that are unique or have limited availability often attract collectors or enthusiasts who are willing to pay a premium price. The demand for these items is likely to be less responsive to changes in price.
Remember, price elasticity of demand measures the responsiveness of demand to changes in price. Elastic demand means that changes in price lead to significant changes in demand, while inelastic demand means that changes in price have a relatively small impact on demand.
As the question seems to be incomplete you might be referring to
Place the items in the appropriate box based on whether the price elasticity of demand is more likely to be elastic or inelastic: luxury goods, necessities, brand-specific products, generic products, and unique products
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Separating duties in the accounts payable department:
a) makes it easier to finish all work on time.
b) allows for more effort to be spent on collecting money in accounts receivable.
c) makes it hard for a single dishonest person to steal from the company.
Separating duties in the accounts payable department is that it makes it hard for a single dishonest person to steal from the company.
By dividing the tasks and responsibilities among different individuals, it creates a system of checks and balances that ensures no single person has complete control over financial transactions. This helps to reduce the risk of fraud or theft and enhances the overall integrity of the accounting process.
In addition to preventing fraudulent activities, separating duties also contributes to better time management and increased efficiency. Each person can focus on their specific tasks, resulting in faster completion of work and a more streamlined workflow. This, in turn, allows for more effort to be spent on collecting money in accounts receivable, which ultimately contributes to the company's financial success.
Overall, the separating duties in the accounts payable department is that it provides numerous benefits, including reducing the risk of fraud, improving efficiency, and enhancing financial performance. By ensuring that no one person has complete control over the accounting process, it creates a more secure and trustworthy system that benefits everyone involved.
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60 points please help
Review Questions
1. What is logistics?
2. What is hospitality? What is one career in hospitality?
3. What are three locations or sites that people in hospitality or tourism careers work?
4. If you were an innkeeper, what would do for work?
5. What is mobile equipment maintenance?
Critical Thinking Questions
1. Imagine you want to become a chef and restaurant owner. What education and skills would you need?
2. Think about a city bus system. What goes into getting buses where they need to be on time to get people where they need to be?
3. Imagine that you run an amusement park. You have to hire people to work in your park. What skills or characteristics would you look for? Why?
4. Why are transportation jobs important?
5. If you were putting together a bus route in your town, what would you need to think about to make it run well?
Answer:
Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption to meet the requirements of customers or corporations.
what’s one category you wish fewer taxes were spent on? why?
I wish less tax money went toward healthcare. While everyone's health is important, I believe there are other social issues that are more pressing and need attention, such as the federal debt or veterans' benefits.
What exactly is a tax?We engage in financial transactions every day, and taxes play a significant role in those transactions. A portion of the money we spend goes into maintaining the area in which we live, whether it is on groceries, a home, or gas.
Taxes are sums of money that an individual or organization must pay to tax bodies to support public spending. Without expecting anything in particular in return, taxpayers pay taxes in accordance with national tax regulations. Taxes are used by governments to fund internal operations, new infrastructure, public health, education, and security.
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lol look at this
PLSSS HELP PLSS HELP
What is added to the price of goods and services at the time of purchase?
Answer:
VAT
Value Added Tax
______________'_''
Which of the following are the factors that should be considered when identifying appropriate savings vehicles? Check all that apply. The level of past interest rates Your preference of higher risk and higher returns or low risk and low returns. The length of time you would need to use the savings.
Your preference of higher risk and higher returns or low risk and low returns. The length of time you would need to use the savings these should be considered . Option B and C are correct .
While high-risk investments may offer higher returns than other types of investments, they also put your money at greater risk. This indicates that high-risk investments have the potential to yield high returns if everything goes according to plan. Options, penny stocks, and leveraged exchange-traded funds are examples of high-risk, high-return investments. In general, individual investment positions' risks are lessened by a diversified portfolio.
A higher risk is associated with a greater likelihood of a higher return, while a lower risk is associated with a greater likelihood of a lower return.
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Complete question as follows :
Which of the following are the factors that should be considered when identifying appropriate savings vehicles? Check all that apply.
A. The level of past interest rates
B. Your preference of higher risk and higher returns or low risk and low returns.
C. The length of time you would need to use the savings.
Rank the three economic systems where the system with the least amount of government involvement is on the top and the system with the most government involvement is on the bottom.
The three economic systems where the system with the least amount of government involvement stands on the top and the system with the most government involvement exists on the bottom are,
Capitalism Socialism Communism What is an Economic system?An economic system is a means by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country. Economic systems regulate the factors of production, including land, capital, labor, and physical resources. An economic system, or economic order, is a system of production, resource allocation, and distribution of goods and services within a society or a given geographic area.
Capitalism exists in an economic system founded on private ownership of the means of production and their operation for profit. Central characteristics of capitalism contain capital accumulation, competitive markets, a price system, private property, property rights recognition, voluntary exchange, and wage labor.
Socialism is a left-wing to far-left economic philosophy and movement encompassing a range of economic systems characterized by the dominance of social ownership of the means of production as opposed to private ownership.
Communism is a far-left philosophical, social, political, and economic ideology and movement whose goal is the establishment of a communist society, namely a socioeconomic order based on the idea of common ownership of the means of production, distribution, and exchange—allocating products to everyone in the society.
Hence, The three economic systems where the system with the least amount of government involvement stands on the top and the system with the most government involvement exists on the bottom are,
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The outer edge of a circular running track is 330m long. If it is widened by 7m all around, find the cost of widening it at 8 per square metre.
Answer:
Here given that perimeter of circular running track =330m
Let radius=r
As we know that in a circle
\({\boxed{\sf Perimeter=2\pi r}}\)
Substitute the values\(\qquad \quad{:}\longmapsto\tt 2\times\dfrac {22}{7}×r=330 \)
\(\qquad \quad{:}\longmapsto\tt \dfrac {44}{7}r=330 \)
\(\qquad \quad{:}\longmapsto\tt r=\dfrac {330×7 }{44}\)
\(\qquad \quad{:}\longmapsto\tt r=\dfrac{2310}{44}\)
\(\qquad \quad{:}\longmapsto\tt r=52.5 \)
\(\therefore\sf r=53m (Approx)\)
Again
\({\boxed{\sf Area=\pi r^2 }}\)
Substitute the values\(\qquad \quad{:}\longmapsto\tt Area=\dfrac{22}{7}×(53)^2 \)
\(\qquad \quad{:}\longmapsto\tt Area=8828.2m^2 \)
\(\therefore\sf Area=8828m^2 (Approx)\)
Nowthe radius is increased by 7m
Hence
New radius=(x+7)m=53+7=60m
New Area=
\(\qquad \quad{:}\longmapsto\tt \pi. r^2 \)
\(\qquad \quad{:}\longmapsto\tt \dfrac {22}{7}(60)^2 \)
\(\qquad \quad{:}\longmapsto\tt \dfrac {22}{7}×3600 \)
\(\qquad \quad{:}\longmapsto\tt 11314.28m^2 \)
\(\therefore\sf AREA=11314m^2 (Approx).\)
nowArea of widened Area=New area-Old Area
\(\qquad \quad{:}\longmapsto\tt 11314-8828 \)
\(\qquad \quad{:}\longmapsto\tt 2486m^2 \)
Cost of widening per square=8Total cost=
\(\qquad \quad{:}\longmapsto\tt 2486×8 \)
\(\qquad \quad{:}\longmapsto\tt 19888\)
\(\therefore\sf Total\:cost\:is\: 19888.\)
Can't understand the attachment?Here is a latex diagram for your question.
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What are Pre-Tax Deductions and Contributions?
a) Contributions taken out of your paycheck BEFORE taxes are calculated on your income
b) Contributions taken out of your paycheck AFTER taxes are calculated on your income
Which of the following is not a step in the decision making process
a.Identify Choices
b. MAKE a decision
c.Consult a career coach
d. DEFINE your needs and wants
Career Coach is wrong (Pretty sure)
The Four-Fifths Rule applies when the number of employees from a protected class is less than four-fifths of the number of employees hired from the class with the highest selection rate. a. True
b. False
The Four-Fifths Rule applies when the number of employees from a protected class is less than four-fifths of the number of employees hired from the class with the highest selection rate. This statement is true.
What is the Four-Fifths Rule?The four-fifths rule, often known as the 80% rule, is a rule of thumb used in employment discrimination law to determine whether a company's hiring practices are discriminatory.
The rule compares the selection rates for different groups of job candidates to determine whether one group is being chosen at a significantly lower rate than another.
The Four-Fifths Rule applies when the number of employees from a protected class is less than four-fifths of the number of employees hired from the class with the highest selection rate.
The four-fifths rule's purpose is to detect systematic discrimination against particular demographic groups. If the rule's threshold is met, it suggests that a specific group of job applicants is being discriminated against, regardless of whether the employer meant to discriminate or not.
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You are told that if you invest $11,000 per year for 23 years( all payments made at the end of each year) you will have accumulated $366,000 at the end of the period What annual rate of return is the investment offering.
Answer:
3.2%
Explanation:
this is an ordinary annuity:
future value of an ordinary annuity = annual payment x future value annuity factor
$366,000 = $11,000 x future value annuity factor
future value annuity factor = $366,000 / $11,000 = 33.2727
you can solve this in two ways:
the first is with a lot of math work in order to solve the following equation
33.2727 = [(1 + i)²³ - 1] / i
or
you can use an annuity calculator (available online) which will yield 3.2%
Discuss whether or not consu,er benefit more from a market economic system or mixed economic system
Answer:
It just depends on which characteristics the mixed economy emphasizes. For example, if the market has too much freedom, it can leave the less competitive members of society without any government support. Central planning of government industries also creates problems.
1. What are the three basic categories of consumer goods? Briefly explain each and clearly
differentiate among them
There are three main types of consumer goods: durable goods, nondurable goods, and services.
Durable goods are consumer goods that have a long-life span (e.g. 3+ years) and are used over time. Examples include bicycles and refrigerators. Nondurable goods are consumed in less than three years and have short lifespans. Examples of nondurable goods include food and drinks. Services include auto repairs and haircuts.
Consumer goods are also called finals good, or end product, because they are the ultimate output of a productive process that occurs over time.
You are going to interview for a position for which you have less experience and background than fellow candidates. You know, however, that you are the right person for the job. Which interview format would be the most appropriate for you to prove your worth?
Answer: Oral interview
Explanation:
One of the best ways to sell yourself or pitch before a council seated to examining job hunters is by oral interview. During an oral interview, candidates for the job are ask to sell themselves as regards why they think they are best fit for the job, in most cases the qualifications of the candidate plays little or no vital role when they can't defend what they have or can't sell themselves enough to be seen capable for the job.
Planning includes tasks related to each of the ____ project management knowledge areas.
Planning includes tasks related to each of the ten project management knowledge areas.
Project management is the planning and coordination of a company's resources to advance the completion of a particular work, event, or duty. Managed resources include people, money, technology, and intellectual property, and they can be used for one-time projects or ongoing operations.
Project management is frequently linked to industries like engineering, building, and, more recently, healthcare and information technology (IT), which frequently require a complicated set of components to be finished and connected in a certain way to produce a usable output. A project's preparation, start, execution, monitoring, and closure are all fundamental components of project management.
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(true) or (false)? the length or age of the outstanding debt determines priority of cash payments to creditors.
The given assertion "the length or age of the outstanding debt determines the priority of cash payments to creditors" is false because the length or age of the remarkable obligation doesn't decide the need of money installments to loan bosses.
The need for money installments to lenders is not entirely settled by the agreements framed in the obligation arrangements and the pertinent lawful and authoritative commitments.
Factors like the sort of obligation, status, security, and any material regulations or guidelines oversee the need for installments. The age or length of the remarkable obligation is for the most part not a deciding variable in the installment need.
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Elizabeth's minimum monthly payment on her credit card is the higher of 2.5%
or $12. If her balance at the end of the month is $5800, what is the minimum
amount Elizabeth must pay to keep her account in good standing?
O A. $25
O B. $12
OC. $45
O D. $580
Answer:
$145
Explanation:
Minimum monthly payment at the rate of 2.5%
= 2.5/100 × $5,800
=$145
Between $12 & $145,
$145 is higher hence will be the minimum amount Elizabeth must pay to keep her account in good standing.
Megha is a taekwondo expert who starts her own martial arts training academy. She conducts taekwondo classes for women and teaches them the art of self-defense. Megha can be regarded as a(n)
As Megha, who is a taekwondo expert that starts her own martial arts training academy, also conducts taekwondo classes for women and teaches them the art of self-defense, then, Megha can be regarded as an entrepreneur.
Who is an entrepreneur?This refers to the individual that starts and runs a business with limited resources, planning and responsible for all the risks and rewards of their business venture. Their business idea often entails a new product or service rather than an existing business model.
Because of the features possessed by an entrepreneur, therefore, Megha can be regarded as an entrepreneur because of her taekwando classes.
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Allowing third-party sellers to list their products on Amazon is controversial. Why would Amazon allow products sold by others to appear on its site?
a. Selection attracts consumers.
b. A network effect competitive advantage is created where more buyers attract more sellers, giving Amazon an advantage over any rival attempting to create a similar marketplace.
c. Although products are sold by third parties, Amazon gains valuable data on things such as customer browsing habits and sales.
d. Amazon's brand is reinforced as a first-choice shopping destination.
e. All of the above.
Answer:
e. All of the above.
Explanation:
Interestingly, all the above-listed options could serve as a possible reason why Amazon allows products sold by others to appear on its site.
Remember, Amazon is a marketplace; since the definition of a market involves dealings with several entities, it thus logical to expect Amazon to allow people (other sellers) to transact on its platform.
Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three dimensional. How is he MOST LIKELY to add this foreground? A. B. C. D. He might change his position to include some foreground items such as rocks or grasses. He might tilt his camera up to better capture the tops of the hills. He might add some framing trees in the middleground of his image. He might circle around to the side of the hills to capture the cows standing on top. PLS HELP!!
Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. He is most likely to add this foreground Option A. He might change his position to include some foreground items such as rocks or grasses.
The foreground of an image is usually the element that is closest to the viewer. The foreground is often used to add depth to an image. If a photographer wants to create a 3D appearance in his image, he must ensure that the image has a foreground, mid-ground, and background. It is possible to include a foreground in a photo by modifying the angle of the shot and including elements in the foreground.
Emilio might change his position to include some foreground items such as rocks or grasses. By doing so, he will be adding depth to his image. Another way to add foreground to an image is to use framing trees in the middle ground of the image, but this may not provide the depth required. Tilt his camera up to better capture the tops of the hills or circling around to the side of the hills to capture the cows standing on top are not recommended, as the question seeks to add a foreground.
Therefore, Emilio is most likely to add the foreground by changing his position to include some foreground items such as rocks or grasses. Therefore, the correct option is A.
The question was incomplete, Find the full content below:
Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. How is he MOST LIKELY to add this foreground?
A. He might change his position to include some foreground items such as rocks or grasses.
B. He might tilt his camera up to better capture the tops of the hills.
C. He might add some framing trees in the middle ground of his image.
D. He might circle around to the side of the hills to capture the cows standing on top.
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In the long run, monopolistically competitive firms: Group of answer choices charge prices equal to marginal cost have excess capacity produce at the minimum of average total cost have excess capacity and produce at the minimum of average total cost
Answer:
have excess capacity
Explanation:
As we know that in the case of monopolistically competitive firms, the output produced is less efficient as compared to the other market in the long run
Also
P = ATC
But
ATC > ATC or ATC > MC
This ATC > MC arise when there are differentiated products due to which the demand curve is downward sloping
Hence, the second option is correct
a system to protect people experiencing unfavorable economic conditions called?
a social safety net or welfare system that serves as a line of defence for those facing difficult economic circumstances. This phrase describes a collection of government-sponsored initiatives.
A safety net is a term used to describe a system that protects people from poor economic circumstances. This phrase describes a collection of government-sponsored initiatives, services, and financial support for those in need. This system tries to help people who are unable to sustain themselves due to a loss of employment, a handicap, or other circumstances by giving them access to basic needs including food, shelter, healthcare, and job training. Programs like food stamps, Medicaid, unemployment compensation, and housing subsidies may be a part of the safety net system. Its main objective is to make sure that people don't live in poverty and can obtain the things they need to live in security and dignity.
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Type the correct answer in the box. Spell all words correctly. What do inventory firms use when moving delicate products? Inventory firms use________ belts when moving delicate products.
its not multiple choice- need help!
Answer:
conveyor belts
Explanation:
A conveyor belt is a moving band, e.g. a conveyor belt is used in airports when you are retrieving your luggage after you arrive to your destination. They can be used to transport bulk materials or delicate products. Their length also varies, since they can be very short, e.g. just a few feet, to very long, e.g. transport goods for many yards.
A country produces only bananas and robots. If it produced only bananas with all its available resources, it could make 60 million units. If it produced only robots, it would produce 20 million units.
Graph the production possibilities curve for this country, assuming constant opportunity cost between the two goods—place bananas on the vertical axis and robots on the horizontal axis. Indicate a point on your graph, labeled A, that represents full employment and a possible combination in which both goods are being produced.
My Response: Understanding that every 15 million units of bananas equals 5 million units of Robots, now looking at my graph, you can see that the point labeled A means that at full employment, producing 50% of both goods gives you 30 million units of bananas and 10 million units of Robots.
What is this country's opportunity cost for producing a robot? Explain.
My Response: If we divide 60 Million / 20 Million = 3. So the opportunity cost for producing a robot is 3.
What would the area beyond (outside of) the country's PPC represent?
My Response: The area beyond the country’s PPC basically means the country is not able to produce in that area because it doesn't have the resources to do so. It's impossible or currently unattainable with the setup it has. Needs to improve “Factors of Production”
Assume that the country enters a recession. Label a point that could correspond to its output on your graph, labeling it B.
My Response:
Assume that a new fertilizer increases the efficiency of producing bananas. The productive capacity of robots is unaffected. Illustrate the impact of this change on your graph from part (a). Use an arrow to indicate the direction of the change.
My Response:
Another country with constant opportunity cost can produce 80 million units of bananas with all of its available resources or 10 million units of robots with all of its available resources. Calculate the opportunity cost for this country to produce 2 million units of robots.
My Response:
It should be noted that in the PPC, the downward sloping line 'ab' is the production possibility curve.
How to illustrate the information?In the diagram, since point 'A' falls on the PPC itself, it represents the full employment of resources. Point 'A' represents the combination of 30 million bananas and 10 million robots.
Opportunity cost producing a robot = Total bananas possible / Total robots possible
Opportunity cost producing a robot =60/20
Opportunity cost producing a robot = 3 bananas
The area outside PPC represents the unattainable combinations of two goods.
During the recession, the resources are inefficiently used and the production combination is represented by point 'B' which falls below PPC When the production technology improves only for one good and not for the other, the PPC rotates
Marginal opportunity cost of a robot = 80 million bananas / 10 million robots
The marginal opportunity cost of a robot = 8 bananas
Opportunity cost of 2 million robots = 8 bananas × 2 million
The opportunity cost of 2 million robots will be 16 million bananas.
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When using brainstorming for elicitation, one challenge is _____.
obtaining helpful input from the group
dealing with different personalities and perspectives
focusing stakeholders on common outcomes
all of these answers
Brainstorming is a popular technique for eliciting requirements, however it can be challenging to use effectively. One challenge is obtaining helpful input from the group, as there can be a wide range of ideas and opinions from different stakeholders.
Here, correct answer will be :- obtaining helpful input from the group
This can also lead to difficulty in focusing stakeholders on common outcomes, as it can be difficult to align the different perspectives. Additionally, working with different personalities in the group can be challenging, as it can be difficult to ensure that everyone's opinions are heard without the session becoming unproductive.
To overcome these challenges, it is important to have a facilitator who is able to manage the session and ensure that the discussion remains focused, productive and respectful.
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Which of the following describes the business ethical climate in the 1960s?
A.)Healthcare emphasized
B.)Public pushed for corporate accountability
C.)Anti-war sentiment
D.) Major industries riddled by scandal
please help me i need answer by today
Explain what you learned about ethics in a work place
An organization that is perceived to act ethically by employees can realize positive benefits and improved business outcomes. The perception of ethical behavior can increase employee performance, job satisfaction, organizational commitment, trust, and organizational citizenship behaviors.
We want to be moral as it defines who we're for our part and as a society. These are norms of conduct that everybody must follow. Our society may fall into chaos if we take delivery of that every people ought to select out and pick what the proper component to do is.
According to this knowledge, “ethics” leans in the direction of choices primarily based totally upon character, and the greater subjective knowledge of proper and incorrect through individuals – whereas “morals” emphasizes the widely-shared communal or societal norms approximately proper and incorrect.
Ethics calls for that we enhance lifestyles' circumstances, now no longer from a wealth angle or success, but through accomplishing virtuous conduct. Making matters higher is to guide lifestyles of virtue -- try to obtain happiness in our lives and keep away from harming others. Treat Others Fairly. The Golden Rule comes into play here.
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outline 4 reasons why most developing countries rely on extractive levels of production
Explanation:
The World Bank helps developing countries manage their natural resource wealth responsibly and sustainably, in a way that contributes to sustainable growth and development, protects communities and reduces carbon emissions.