Blue Spruce Corp. has had 4 years of net income. Due to this success, the market price of its 460,000 shares of $4 par value common stock has increased from $10 per share to $50. During this period, paid-in capital remained the same at $4,230,000. Retained earnings increased from $1,770,000 to $11,200,000. President E. Rife is considering either a 13% stock dividend or a 2-for-1 stock split. He asks you to show the before-and-after effects of each option on retained earnings.
Required:
1. Stock dividend - retained earnings $ ________
2. 2-for-1 stock split - retained earnings $ ________
Answers
Answer and Explanation:
The computation of Stock dividend - retained earnings is shown below:-
Shares Issued as Stock Dividend = Market price shares × Stock dividend percentage
= 460,000 × 13%
= 59,800
1. Stock Dividend = Shares Issued as Stock Dividend × Increased share
= 59,800 × $50
= $2,990,000
Based on the above calculation, the amount after stock dividend is
= $11,200,000 - $2,990,000
= $8,210,000
2. And, After the stock splits the retained earning balance remain the same as it was before the split - $11,200,000
Total Stockholders' Equity does not change - After Stock Split
Related Questions
Explain the term "Business Plan" with relevant examples.
ontent of business plan
Answers
In Year 1, the investor acquired 10% ownership of investee and applied fair value method to account for the investment. In Year 2, the investor acquired another 30% ownership and applied equity method to account for the investment (40% ownership). In Year 3, the investor sold 35% ownership of the investee and started using fair value method again to account for the investment (5% ownership). Should the investor apply retrospective adjustment in Year 2 and Year 3
Answers
Answer:
b
Explanation:
A society is productive inefficient when O a. it produces at a point on its PPF. O b. it does not produce the maximum amount of output with its given resources and technology O c. it can produce more of one good only by giving up some of another good. O d. it produces at a point beyond its PPF
Answers
a. it produces at a point inside (below) its PPF, b. it does not produce the maximum output with its given resources and technology, c. it can produce more of one good without giving up some of another good.
A limited supply of a scarce resource is referred to as such. A person's mind creates intellectual property resources. It measured the monetary worth of individuals' thoughts, innovations, designs, or creative juices. We do not view intellectual property as a scarce resource because everyone can produce these things without restriction. A point on the production possibilities frontier (PPF) of the economy becomes a position below the PPF. Considering that the PPF has not changed, this might be because of the transition from point A to point B involves leaving a useful, efficient location.
A society is productive inefficient when
Select one:
a. it produces at a point inside (below) its PPF.
b. it does not produce the maximum output with its given resources and technology.
c. it can produce more of one good without giving up some of another good.
d. both a and b
e. all of the above
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How do these three rules apply to your life? Explain them in your words and try to think about how they relate to your financial situation. (Hint: Think about how you earn money and how you spend money, also imagine that you have been offered a credit card with a starting line of credit at $1000)
Rule 1 - Don't have debt rise faster than income, because the debt burden will eventually crush you
Rule 2 - Don't have income rise faster than productivity, because you will eventually become uncompetitive
Rule 3 - Do all that you can to raise your productivity, because in the long run that's what matters most
Answers
The three rules below will help individuals achieve financial stability and security, which is critical for living a happy and stress-free life. They can learn new skills, enroll in courses, read books, and so on to increase their productivity levels.
Rule 1: Don't have debt rise faster than income, because the debt burden will eventually crush you.To avoid falling into a debt trap, one should prioritize their spending. It's always a good idea to live within one's means and avoid spending more than they earn.Rule 2: Don't have income rise faster than productivity, because you will eventually become uncompetitive.It's a good idea to focus on increasing productivity to achieve long-term financial stability. One must avoid situations where they are not productive but are earning more money, as this can make them uncompetitive in the long run.Rule 3: Do all that you can to raise your productivity, because in the long run that's what matters most.Productivity is the most critical factor in achieving financial stability. Increasing productivity can lead to higher earnings, which can help you reach your financial goals faster.Individuals must always make efforts to improve their productivity. It's always a good idea to live within one's means, avoid unnecessary debt, increase productivity, and invest in oneself. In conclusion, the above three rules can be beneficial to anyone looking to achieve financial stability.
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Sun Corporation received a charter that authorized the issuance of 86,000 shares of $6 par common stock and 19,000 shares of $75 par, 7 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation:
2018
Jan. 5 Sold 12,900 shares of the $6 par common stock for $8 per share.
12 Sold 1,900 shares of the 7 percent preferred stock for $85 per share.
Apr. 5 Sold 17,200 shares of the $6 par common stock for $10 per share.
Dec. 31 During the year, earned $303,500 in cash revenue and paid $241,400 for cash operating expenses.
31 Declared the cash dividend on the outstanding shares of preferred stock for 2018. The dividend will be paid on February 15 to stockholders of record on January 10, 2019.
31 Closed the revenue, expense, and dividend accounts to the retained earnings account.
2019
Feb. 15 Paid the cash dividend declared on December 31, 2017.
Mar. 3 Sold 2,850 shares of the $75 par preferred stock for $95 per share.
May 5 Purchased 550 shares of the common stock as treasury stock at $6 per share.
Dec. 31 During the year, earned $254,200 in cash revenues and paid $171,000 for cash operating expenses.
31 Declared the annual dividend on the preferred stock and a 0.50 per share dividend on the common stock.
31 Closed revenue, expense, and dividend accounts to the retained earnings account. Sold 14,400 shares of the $3 par common stock for $5 per share.
Record the entries in the General Journal of Sun Corporation. Note: Enter debits before credits.
Answers
Answer:
Sun Corporation
Journal Entries:
Jan. 5: Debit Cash $103,200
Credit Common stock $77,400
Credit APIC-Common stock $25,800
To record the sale of 12,900 shares at $8.
Jan. 12: Debit Cash $161,500
Credit 7% Cumulative Preferred stock $142,500
Credit APIC-Preferred stock $19,000
To record the sale of 1,900 shares at $85 each.
Apr. 5: Debit Cash $172,000
Credit Common stock $103,200
Credit APIC-Common stock $68,800
To record the sale of 17,200 at $10 each.
Dec. 31: Debit Cash $303,500
Credit Revenue $303,500
To record the revenue earned for the year.
Debit Operating expenses $241,400
Credit Cash $241,400
To record the payment of operating expenses for the year.
Debit Preferred Dividends $9,975
Credit Dividends Payable $9,975
To record the declaration of 7% on preferred stock of $142,500.
Debit Revenue $303,500
Credit Retained Earnings $303,500
To close revenue to retained earnings account.
Debit Retained Earnings $241,400
Credit Operating Expenses $241,400
To close operating expenses to retained earnings account.
Debit Retained Earnings $9,975
Credit Preferred Dividends $9,975
To close preferred dividends to retained earnings.
Feb. 15 Debit Dividends Payable $9,975
Credit Cash $9,975
To record the payment of Preferred dividends.
Mar. 3: Debit Cash $270,750
Credit 7% Cumulative Preferred stock $213,750
Credit APIC-Preferred stock $57,000
To record the issue of 2,850 shares at $95.
May 5: Debit Treasury Stock $3,300
Credit Cash $3,300
To record the repurchase of 550 common shares at $6.
Dec. 31: Debit Cash $254,200
Credit Revenue $254,200
To record revenue earned.
Debit Operating expenses $171,000
Credit Cash $171,000
To record the payment of operating expenses.
Debit Preferred Dividends $24,938
Credit Dividends Payable $24,938
To record the declaration of 7% on preferred stock of $356,250.
Debit Common Stock Dividends $14,775
Credit Dividends Payable $14,775
To record the declaration of $0.50 per share (29,550 common stock shares outstanding).
Debit Revenue $254,200
Credit Retained Earnings $254,200
To close the revenue to the retained earnings account.
Debit Retained Earnings $171,000
Credit Operating expenses $171,000
To close the operating expenses to the retained earnings account.
Debit Retained Earnings $39,713
Credit Preferred Dividends $24,938
Credit Common Stock Dividends $14,775
To close the dividends to the retained earnings account.
Explanation:
a) Data and Analysis:
Authorized share capital:
Common stock, 86,000 shares of $6 par
Outstanding common stock:
Jan. 5 = 12,900
Apr. 5 = 17,200
May 5 = (550)
Total = 29,550 shares
7% Cumulative Preferred stock, 19,000 shares of $75 par
Outstanding preferred stock:
Jan. 12 = 1,900
Mar. 3 = 2,850
Total = 4,750 shares
APIC = Additional Paid-in Capital
Jan. 5: Cash $103,200 Common stock $77,400 APIC-Common stock $25,800 (12,900 * $8)
Jan. 12: Cash $161,500 7% Cumulative Preferred stock $142,500 APIC-Preferred stock $19,000 (1,900 * $85)
Apr. 5: Cash $172,000 Common stock $103,200 APIC-Common stock $68,800 (17,200 * $10)
Dec. 31: Cash $303,500 Revenue $303,500
Operating expenses $241,400 Cash $241,400
Preferred Dividends $9,975 Dividends Payable $9,975 (7% of $142,500)
Revenue $303,500 Retained Earnings $303,500
Retained Earnings $241,400 Operating Expenses $241,400
Retained Earnings $9,975 Preferred Dividends $9,975
Feb. 15 Dividends Payable $9,975 Cash $9,975
Mar. 3: Cash $270,750 7% Cumulative Preferred stock $213,750 APIC-Preferred stock $57,000 (2,850 * $95)
May 5: Treasury Stock $3,300 Cash $3,300 (550 * $6)
Dec. 31: Cash $254,200 Revenue $254,200
Operating expenses $171,000 Cash $171,000
Preferred Dividends $24,938 Dividends Payable $24,938 (7% of $356,250)
Common Stock Dividends $14,775 Dividends Payable $14,775 ($0.50 * 29,550)
Revenue $254,200 Retained Earnings $254,200
Retained Earnings $171,000 Operating expenses $171,000
Retained Earnings $39,713 Preferred Dividends $24,938 Common Stock Dividends $14,775
There are no shares of $3 par common stock. This transaction is not treated here.
Question 2 of 20
Lexi wants to open an account where she can access the funds she needs to
pay her rent and other bills any time she wants. Which type of account would
be the best option for Lexi?
OA. A checking account
OB. A certificate of deposit
OC. A savings account
D. A money market account
SUBMIT
Answers
The best option for Lexi, who needs access to funds anytime she wants to pay her rent and other bills, would be a checking account (option A).
Checking accounts offer features such as check writing, debit card usage, and online banking, allowing Lexi to conveniently and quickly access her money whenever needed. With a checking account, she can easily pay bills by writing checks or using electronic payment methods.
In contrast, options B and C, a certificate of deposit (CD) and a savings account, respectively, may not be the best fit for Lexi's immediate needs. A CD typically requires the funds to be locked in for a specified period of time, usually ranging from a few months to several years, with limited or no access to the funds until the maturity date.
Option D, a money market account, is another viable choice for Lexi. Money market accounts often offer higher interest rates than traditional savings accounts, and they also provide check-writing and debit card capabilities. However, some money market accounts may have minimum balance requirements or limitations on the number of transactions.
Option A.
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This is a conversation between a boss and an employee "The boss said I want you to bring the file to my table"
1. Assess the effectiveness of this communication?
Answers
Answer:
This communication is effective in conveying the message that the boss wants the employee to bring the file to their table. It is clear and direct, and leaves no room for confusion or misinterpretation.
Jeff's Meat Market recorded the following events involving a recent purchase of
merchandise:
Received goods for $40,000, terms 2/10, n/30.
Returned $800 of the shipment for credit.
Paid $300 freight on the shipment.
Paid the invoice within the discount period.
As a result of these events, the company's inventory
Answers
As a result of these events, the company's inventory increased by $38,612 by all these factors.
How does inventory work?Inventory is the term used to describe all the products, materials, goods, and merchandise that a company has on hand and plans to sell to customers for a profit. The only item that will be regarded as inventory is the newspaper if the vendor delivers newspapers to customers using a vehicle. The car will be handled like an asset.
What fundamentals surround inventory?The items that your company has are the most fundamental definition of inventory. These may be material (i.e., goods and raw materials) or intangible (e.g., software). Most of the time, when we talk about inventory, we simply mean all the items that the company has kept on hand—to sell.
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As a marketing manager, you lead and manage a team of four people in your
department. It is the time of year when you have to access their work
performance and decide who will be promoted to the position of a senior
marketer. You understand that the new position will need to be filled by
someone who is high on the ability of self-monitoring. Listed below are
personality traits of each of your team members.
Highlight the part of the paragraph to identify the team member who you would
decide to promote based on his ability to self-monitor.
Tobias is likeable, cooperative, and understanding. Robin
is aware of her introverted nature and strives to interact
with clients and team members efficiently. Martin is
sociable, outgoing, and likes interacting with people and
establishing networks. Charlie is creative and
imaginative, and meets project deadlines on time.
Answers
Self-monitoring is a personality attribute that entails the capacity to keep track of and control one's appearance, feelings, and actions in response to social contexts and circumstances.
As per the given question, it is seen that al the 4 candidates have a distinct quality that distinguishes them from each other. Tobias is although likeable, cooperative or understanding, he does not have the ability to self-monitor himself based on only these three factors.
Robin is introvert and still she is capable of interacting with client and team members efficiently. But an introvert person is not sociable to an extent outside the walls of her company. Therefore, she also lacks the quality of self monitoring.
As seen from the question, Martin is very sociable and very extrovert in nature which might later be a problem for him as he might not be able to keep him under control of his socialistic activities.
Therefore, the best person for the promotion would be Charlie, because he is aware of his surroundings and also self-monitoring is not being only social but also adhering to the needs of the organization. Charlie is aware of his project deadlines and is able to meet them on time and along with it, he is also creative and imaginative.
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A taxpayer will need to file Schedule A, Itemized Deductions, to deduct which of the following?
Answers
A taxpayer will need to file Schedule A, Itemized deductions to deduct medical and dental expenses, taxes, interests, gifts to charity, casualty and theft losses, job expenses and certain miscellaneous expenses.
What are itemized deductions?Itemized deductions include amounts that we have paid for state and local income or sales taxes, real estate taxes, personal property taxes, mortgage interest and disaster losses. It can also include gifts to charity and part of the amount we paid for medical and dental expenses.
By itemizing on Schedule A we can benefit if we can't use the standard deduction or the amount we can claim is limited, we had large unreimbursed medical expenses and made contributions to qualified charities etc.
It is better to take the itemized deduction if it is greater than the standard deduction.
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Many families cannot afford to travel to distant places, so the " staycation has become popular People on a staycation make short trips to nearby places, but they go back home to sleep. How might a hotel attract local people who are staycationing?
Answers
Answer:
The first thing is to categorize target customer to either by Sex, group age.social status.etc..
econdly,it to identify preferred offer that suite each category
Thirdly ,Create different offer at different seasonal or Holiday to attract local people.
fourthly,improve the indoor design and the outlook of the premises.
Explanation:.
The best way is to Capture target customer and provide essential services that makes them ask for more
The swim lane approach to estimating the revenue generated by advertising in different media.. Group of answer choices ..is very effective for determining advertising ROI is very effictive when combined with the walk lane method. ..is prone to overestimating the contribution of specific media advertsing channels. ...is the future of the advertsing industry
Answers
Answer:
Explanation:is prone to overestimating the contribution of specific media advertsing channels. is very effictive when combined with the walk lane method.
A firm suffering economic losses decides whether or not to produce in the short run on the basis of whether:_________
a. revenues from operating are sufficient to cover fixed plus variable costs
b. firms suffering economic losses will always shut down
c. Price cover minimum variable costs
d. revenues from operating are sufficient to cover fixed costs
Answers
Answer:
C
Explanation:
A firm is making economic losses if opportunity cost is greater than accounting profit.
In the short run, a firm should shut down if price is less than variable cost.
A short run is the period where all the factors of production are fixed
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.
Hourly wage costs and payments for production inputs are variable costs
Variable costs are costs that vary with production
If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.
A student took the state examination at the testing center and failed. She wants to review the test and see what answers she provided. She knows that she can review the exam within two years of the date of the examination, and she makes an appointment to do so. Will she be able to review the entire exam?
Answers
Yes. Because she is attempting the test inside the legally permitted two-year window, she will have time to revisit the entire thing.
What is a test?A test can be defined as the procedure in which various people are asked questions about various topics.
As a student took the test, it was constituted that the person have filled the test, but she still wanted to review the test to see what all were the mistake, she can access it as there is a Window for 2 years.
the people can see all where the mistake that they have made and can treat you accordingly, but after 2 years the test won't be available according to the policy.
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when pysical changes in materials happened, there is?
I. Formation of new product or material
II. No formation of new product or material
III. Formation of new shape
IV. Formation of new color
A. I, III and IV
B. II only
C. III and IV
D. II, III and IV
Answers
The initial cash outlay of a project is X is Rs 100,000 and it can generate cash inflow of Rs 40,000, Rs 30,000, Rs 50,000 and Rs 20,000 in year 1 through 4. Assume a 10 per cent rate of discount. Assume that a project Y requires an outlay of Rs 50,000 and yields annual cash inflow of Rs 12,500 for 7 years at the rate of 12%.
Answers
On the net present value analysis, project Y is expected to generate a higher return on investment compared to project X.
To evaluate the two projects, X and Y, we will calculate their net present value (NPV) using the given cash inflows, discount rate, and initial cash outlay.
For project X:
The cash inflows for each year are Rs 40,000, Rs 30,000, Rs 50,000, and Rs 20,000 for years 1 through 4, respectively.
The initial cash outlay is Rs 100,000.
The discount rate is 10%.
To calculate the NPV, we discount each cash inflow to its present value using the discount rate and subtract the initial cash outlay:
NPV(X) = (40,000 / (1 + 0.10)^1) + (30,000 / (1 + 0.10)^2) + (50,000 / (1 + 0.10)^3) + (20,000 / (1 + 0.10)^4) - 100,000
Simplifying the calculations:
NPV(X) = 36,363 + 24,793 + 34,979 + 13,167 - 100,000
= 9,302
The net present value (NPV) for project X is Rs 9,302.
For project Y:
The cash inflow for each year is Rs 12,500 for 7 years.
The initial cash outlay is Rs 50,000.
The discount rate is 12%.
Using the same formula as above, we calculate the NPV for project Y:
NPV(Y) = (12,500 / (1 + 0.12)^1) + (12,500 / (1 + 0.12)^2) + ... + (12,500 / (1 + 0.12)^7) - 50,000
Simplifying the calculations:
NPV(Y) = 11,161 + 9,960 + 8,888 + ... + 3,637 - 50,000
= 11,042
The net present value (NPV) for project Y is Rs 11,042.
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What advice does Lisa Marie Ford have for people interested in a career in marketing or business?
Answers
Answer:
The advice Lisa Marie has for people interested in a career in marketing or business is Study English and psychology, because you need skills in both areas to excel.
Answer:
The advice Lisa Marie has for people interested in a career in marketing or business is studying English and psychology because you need skills in both areas to excel.
What is Business plan ?
Answers
Answer:
Shown below.
Explanation:
What is a business plan?A business plan is a written document containing goals, how these goals can be achieved, and details about the nature of the business, as well as background information on the organization. It should present any information that an investor etc. expects to see before providing financing to a business.
Answer:
A business plan is an essential written document that provides a description and overview of a company's plan.
Explanation:
A business plan is used to help manage an organization by stating how something will be achieved and when. A business plan also describes the company's goals.
At the end of 2011, the XYZ city deferred Br. 40,000 in property taxes, and that
amount is reflected in the beginning balance sheet is recognized as revenue for
2012.
Answers
At the end of 2011, the XYZ city deferred Br. 40,000 in property taxes, which means that the city did not recognize this amount as revenue in the 2011 financial statements. Instead, it carried it forward as a liability on the beginning balance sheet for 2012.
In 2012, the Br. 40,000 deferred property taxes are recognized as revenue, reflecting an increase in the city's financial resources. This recognition follows the accrual accounting principle, where revenue is recognized when it is earned, regardless of when the cash is received. By recognizing the deferred property taxes as revenue in 2012, the city accurately reflects its financial position and performance for that year.
The recognition of the deferred property taxes as revenue in 2012 will impact the city's income statement, increasing its revenue figure, and potentially affecting its net income or surplus. It also signifies the city's ability to generate resources from property taxes, which can contribute to funding public services and projects within the XYZ city.
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Scheduling personnel is an example of an operations management:
A. mission implementation
B. operational decision
C. organizational strategy
D. functional strategy
E. tactical decision
Answers
Answer:
B. operational decision
Explanation:
Scheduling personnel is an example of an operations management: operational decision
Scheduling personnel represents an example of an operations management of an operational decision.
The following information should be considered:
The staff-level decisions should be made from the lower level to the hierarchy level.Many decisions should be taken at many hierarchy levels.In this, the authority is present for taking the decisions.The lower level should take the decisions with respect to the employees.Therefore the other options are incorrect.
Hence we can conclude that scheduling personnel represents an example of an operations management of an operational decision.
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what is the answer to this picture
Answers
Developed
Developing Nation
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how does scarcity, opportunity cost, and choices relate to each other in economics
Answers
Answer:
Economics is a social science that examines how people choose among the alternatives available to them. Scarcity implies that we must give up one alternative in selecting another. ... The opportunity cost of any choice is the value of the best alternative that had to be forgone in making that choice.
Which of the following is an example of nonverbal communication?
Answers
Answer:
Some examples of Nonverbal: Facial expressions. The human face is extremely expressive, able to convey countless emotions without saying a word, Body movement and posture, Gestures, Eye contact, Touch, Space, Voice, Pay attention to inconsistencies.
Explanation:
Nonverbal communication refers to gestures, facial expressions, tone of voice, eye contact (or lack thereof), body language, posture, and other ways people can communicate without using language.
Answer: INCOMPLETE QUESTION
Which of the following is an example of effective nonverbal communication?
A. Remaining close to the person's face when relaying a message.
B. Using a chart to point to text and images.
C. Avoiding facial expressions like frowning or nodding.
D. Paying attention to what's going on in the room.
The answer is B for A-P-E-X users.
smith and wesson, a firearms maker has experienced significant change to its business due to the influence of the internet. In the past, the company focused on making rifles but more recently has changed its attention to marketing and the news media, which has caused a shift in how management functions in smith and wesson focused on in making the change?
Answers
The correct answer is Option A: Organizing. The management function that Smith and Wesson focused on in making the change is Organizing.
Organizing is a managerial task that enables managers to carry out their goals by properly allocating team members, distributing firm resources, or allocating workplace resources. To ensure that every aspect of an organization runs effectively, effective business management calls for careful attention to detail and meticulously crafted procedures.
Designing individual tasks inside the company is another aspect of organizing. Decisions must be made regarding each of the job's obligations and responsibilities, as well as how those obligations should be fulfilled. Decisions about the organization's jobs' type are frequently referred to as "job design" decisions.
Smith and Wesson, a firearms maker has experienced significant change to its business due to the influence of the Internet. In the past, the company focused on making rifles but more recently has changed its attention to marketing and the news media, which has caused a shift in how the company’s resources can best be used to create goods and services. Which of the management functions is Smith and Wesson focused on in making the change?
A. Organizing
B. Planning
C. Controlling
D. Leading
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why all answer i received is differ from the question i have asked?
Your friend tells you that if you let her keep 202020 of your Pokemon cards for three months, she will give you 222 cards extra when she returns your cards to you.
What is the annual rate of interest she is willing to pay for the borrowed cards?
Note: Even though she only keeps your cards for three months, we can still calculate an annual interest rate.
Answers
Based on the fact that your friend will give you 2 cards extra in addition to your 20 Pokémon cards after three months, the annual rate of interest she is willing to pay is 46.41%
What annual rate of interest is your friend willing to pay?The annual rate of interest can be found by finding out the number of periods that your friend takes to return the cards in terms of a year.
As this is in months, the annual rate of interest can be found as:
= (Ending value / Beginning value) ^ number of months in year / number of months your friend had your cards - 1)
Solving gives:
= ((20 + 2) / 20) ¹² / ³ - 1
= 46.41%
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what would be the most important factors to consider for the network channel design
Answers
The most important factors to consider for the network channel design would be network resilience and redundancy; software and hardware standards; and integrated security mechanisms.
There are four crucial factors in network design that you must take into account if you want a network that is dependable, secure, and efficient. Solid network architecture will be more durable and provide overall higher performance. The ideal platform for all the apps you want to utilize is provided by effective networks, which operate swiftly and effectively.
Network design is the process of organizing and putting into place a computer network architecture. The majority of the time, network designers, engineers, IT administrators, and other relevant staff members do network design. It is carried out prior to the installation of a network infrastructure.
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list of purpose & uses of assets
Answers
Answer:
Explanation:
Assets may be used to store wealth, create income, and reduce future expenses.
Assets are reported on a company's balance sheet and are bought or created to increase a firm's value or benefit the firm's operations. An asset can be thought of as something that, in the future, can generate cash flow, reduce expenses, or improve sales, regardless of whether it's manufacturing equipment or a patent.
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2. Study the extract below and answer the questions that follow. In many of the world's economies, such as the United States of America (USA), private individuals can choose where they want to work, own land and businesses. In other economies, such as Cuba, the government owns the land and businesses and tells people what to produce. These countries use different economic systems. There are three different economic systems, namely a planned, market and mixed market economic system. 2.1. Identify the type of economic system that is used by the USA. Motivate your answer by quoting from the text. (2x1) (2) Identify the type of economic system that is used by Cuba. Motivate your answer by quoting from the text. (2x1) (2) Which economic system is used in South Africa? Differentiate between a planned and market economic system. Discuss THREE characteristics of a mixed market economy. (2x2) (4) (3x2) (6)
Answers
Answer:
The type of economic system that is used by the USA is a market economic system. This is indicated in the text by the statement that "private individuals can choose where they want to work, own land and businesses".
The type of economic system that is used by Cuba is a planned economic system. This is indicated in the text by the statement that "the government owns the land and businesses and tells people what to produce".
South Africa uses a mixed market economic system.
A planned economic system is characterized by government control and central planning. In such a system, the government determines what goods and services are produced, how they are produced and distributed, and what prices they are sold at. The government also owns and controls all major industries and resources. In contrast, a market economic system is characterized by private ownership of resources and businesses, and the decisions about what goods and services to produce and how to distribute them are made by individuals and firms in the marketplace.
A mixed market economy combines elements of both planned and market economies. Some of the characteristics of a mixed market economy include:
Private ownership of resources and businesses alongside state ownership or control of some resources and industries
Decisions about what goods and services to produce and how to distribute them are made both by individuals and firms in the marketplace and by the government
A mix of government regulation and free market competition to balance the interests of individuals and society as a whole.
Explanation:
The company is dedicated to developing high-quality housing projects that meet the needs of families and individuals, with a focus on affordability, sustainability, and innovation.
Answers
The focus of the company's housing projects is to provide affordable and sustainable housing solutions.
The focus of the company's housing projects is to address the global issue of housing affordability and sustainability. The company aims to provide cost-effective and eco-friendly housing solutions that cater to the needs of different income groups. They use sustainable building materials and technologies that reduce energy consumption, minimize waste, and lower carbon emissions.
In addition, the company works with local communities to understand their housing requirements and preferences, and designs housing projects that align with their needs. Overall, the company's focus on affordable and sustainable housing solutions contributes to the social, economic, and environmental well-being of the communities they serve.
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--The complete question is, What is the focus of the company's housing projects?--
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1.) Which document shows all the changes to a single account in one place?
ledger
journal
column
chart of accounts
2.) The two steps to opening an account in the general ledger are:
A.) writing the date of entry and journal page number.
B.) recording the debit or credit transactions and accounts balance.
C.) writing the account name and recording the account balance.
D.) writing the account name and the account number.
3.) The first digit in an account number indicates:
A.) that the account is an asset.
B.) that the account belongs in the revenue division of the general ledger.
C.) the general ledger division of the account.
D.) the location of the account in the general ledger.
4.) When you are adding a new account between the account numbers 510 and 520, the new account number will be:
A.)513
B.)515
C.)511
D.)517
Answers
Answer:
1.) B.)
2.) C.)
3.) A.)
4.) B.)
Explanation: