capital asset planning (cap) is an investment adviser registered in states a, b, and c. cap has no place of business in state d. the registration prov

Answers

Answer 1

Accredited investors are those who have demonstrated their ability to make financial decisions based on objective criteria. The goal of capital asset management planning is to forecast future capital requirements and create plans and initiatives to meet those demands.

If an investment adviser's only clients are other investment advisers, broker-dealers, and institutional clients, then the adviser does not need to register in the state even if he does not have a physical presence there.

Accredited investors can be either large institutions or retail (individual) investors who meet specified financial requirements; either can qualify for the exemption unless the choice explicitly excludes institutions. Because of the nature of the inquiry, the exemption does not apply.

To know more about Capital Asset Planning:

https://brainly.com/question/14346738

#SPJ4

The right question is:

Capital Asset Planning (CAP) is an investment adviser registered in states A, B, and C. CAP has no place of business in state D. The registration provisions of the Uniform Securities Act would not apply to CAP in state D if it confined their advisory business in state D to all of these EXCEPT

other investment advisersbroker-dealersindividuals qualifying as accredited investorssavings and loan associations

Related Questions

Juan is responsible for writing a contract between his company and a vendor. Arrange the tiles in the order in which Juan will complete the contract

Answers

Choose the key things to include in the contract and establish its structure by drafting an outline that arranges the clauses and provisions in the right sequence. Make a rough draft of the contract and put down all the facts. fine-tune the material, make sure it's clear, and look it over for grammar and spelling mistakes.

A sentence is a component of language that consists of a semantic predictand (expressed or not) and a semantic predicate. A typical clause comprises of a subject and a syntactic predicate, the latter of which is usually a verb phrase made up of a verb and any associated objects and modifiers. Even in languages with null subjects, other languages, and even English in the imperative mood, the subject is occasionally unvoiced if it can be retrieved from context. A simple sentence is complete when it has only one clause and one finite verb. Complex sentences have several clauses, including at least one independent clause (a clause that can stand alone as a simple sentence) coordinated either with at least one dependent clause (also known as an embedded clause) or with one or more independent clauses.

Learn more about clauses here

https://brainly.com/question/19711531

#SPJ9

Answer: see the picture

Explanation:

Juan is responsible for writing a contract between his company and a vendor. Arrange the tiles in the

Help! What degree do Astronomers, Biochemists and Biophysicists, and Medical Scientists usually need?

bachelor’s degree
master’s degree
doctoral degree
associate degree

Answers

Answer:

Doctoral degree

Explanation:

The Doctoral degrees are typically awarded to astronomers, biochemists, biophysicists, and medical students.

What is a doctorate diploma?

A doctorate, or doctor's diploma, or doctoral diploma, is an educational diploma provided through universities and a few different academic institutions, derived from the historical formalism "license to educate".

In most countries, a studies diploma qualifies the holder to teach at college level within the diploma's subject or work in a selected profession.

So the reason is that it's miles clear that choice C, Doctoral diploma, is the suitable choice.

Learn more about Doctoral degree, refer to:

brainly.com/question/18921862

#SPJ2

Question 5
From which of the following taxes does the federal government get most of their tax revenue?
A Corporate tax
B) Sales tax
Tariffs
Income tax

Answers

Answer:

B. $3,500

Explanation:

The form of tax from which the federal government get most of their tax revenue is the Income tax.

Option D is correct.

What is meant by taxes?

Taxes are the financial source of the government through which it gets most of their revenue. It could be direct or indirect in nature.

The income taxes are one of a kind of taxes which are paid by the taxpayers in accordance with the slab rates applicable on their respective taxable incomes. It has to be paid on yearly basis at a specified period of time and if delayed, then the penalty has also been required to be paid.

Therefore, the income taxes are the one which provides maximum revenue to the federal government.

Learn more about the income taxes in the related link:

https://brainly.com/question/17075354

#SPJ2

Samsung invested $21,766 in the current year to expand its manufacturing capacity. Assume that these assets have an 8-year life and generate net cash flows of $4,000 per year, and that Samsung requires a 7% return on its investments. (Samsung $s in millions.)

Required:
Compute break-even time. (Round "Break even time" answer to 1 decimal place.)

Answers

The break-even time, which is 5.7 years (rounded to 1 decimal place). This means that Samsung will recoup its initial investment in 5.7 years, after which the project will begin generating positive returns.

What is break-even time?

Break-even time is the amount of time it takes for an investment to generate enough cash flows to cover its initial cost, including any associated expenses such as interest and taxes. It represents the point at which the investment becomes profitable and is no longer operating at a loss.

To compute the break-even time, we need to find the point in time at which the cumulative net cash flows equal the initial investment of $21,766. We can use the present value formula to calculate this.

PV = CF / \((1 + r)^{n}\)

Where:

PV = present value (initial investment)

CF = net cash flow per period

r = required rate of return

n = number of periods

Plugging in the given values, we get:

21,766 = 4,000 / \((1 + 0.07)^{1}\) + 4,000 / (1 + 0.07)² + ... + 4,000 / \((1 + 0.07)^{8}\)

Using a financial calculator or spreadsheet software, we can solve for the break-even time, which is 5.7 years (rounded to 1 decimal place). This means that Samsung will recoup its initial investment in 5.7 years, after which the project will begin generating positive returns.

To know more cash flow, visit:

https://brainly.com/question/29977380

#SPJ1

Which of the following statements concerning product costs versus general, selling, and administrative costs is false?

a. Product costs incused during the period will initially appear as inventory on the balance sheet.
b. General, selling, and administrative costs are always expensed when paid.
c. Product costs may be divided between the balance sheet and income statement.
d. General, selling, and administrative costs never appear as inventory on the balance sheet.

Answers

The answer is c products costs I hope this help

National cement factor is engage in the production of cement, and the company has birr 10,000,000 birr. Further, the production function of the company is given by Q = 20L1/2K1/2, and the unit cost of labor and capital are birr 100 and 50 respectively. Given the above information perform the following questions. Determine the type of returns to scale that the company production function has? Find the optimal level of labor and capital, and maximum output? Find the level of profit if the unit price of 100 KM of cement is birr 400?​​

Answers

From the equation given, it is clear that the company's production function has a constant returns to scale.

What is a production function?

A production function refers to an equation that captures the highest number of output that can be manufactured with a limited or given set of input.

To determine whether a production function has growing, decreasing, or constant returns to scale, multiply each input with a positive constant (t > 0), then see if the entire production function is multiplied with a number that is higher, lower, or equal to that constant.

Recall the the production function is given as:

Q = 20L1/2K1/2; and

Unit cost of Labor and Capital are 100 and 50 respectively. Plugging the Unit costs of Labor and Capital respectively, we have:

Q = (20 * 100)/ (2 *50/2)

= 2000/50

Q = 40

Hence the production function of the company has a constant returns to scale.

Learn more about Production function at:

https://brainly.com/question/18804577

#SPJ1

Which statement BEST explains this investment?
А.
The opportunity for profit motivates financial risks.
B.
The general likelihood of business success is very high.
C.
The corporate structure protects individuals from liability.
The financing for new enterprises often comes from institutions.

Answers

Answer:

I think that the answer is B, The The general likelihood of business success is very high.

Explanation:

I got it right on edgenuity

"Drag each label to the correct location on the image.
Match the features to the relevant inventory systems.
records purchase of inventory
in the purchase account records purchase of inventory
in the inventory account
inventory account is updated on inventory account is updated every purchase at the end of a time period
inventory is physically counted Perpetual Inventory System
Periodic Inventory System"

"Drag each label to the correct location on the image.Match the features to the relevant inventory systems.records

Answers

Each features should be matched to the relevant inventory systems as follows;

Perpetual Inventory System: records purchase of inventory in the inventory account.Periodic Inventory System: records purchase of inventory in the purchase account records.Perpetual Inventory System: inventory account is updated on every purchase.Periodic Inventory System: inventory account is updated at the end of a time period.Periodic Inventory System: inventory is physically counted.

What is an inventory?

An inventory can be defined as the raw materials or items that are used by a business firm (manufacturer or producer) for the manufacturing of finished goods, as well as goods that are in various stages to be made ready for sale to consumers.

What is a perpetual inventory system?

In Economics, a perpetual inventory system is sometimes referred to as perpetual system of inventory and it can be defined as a method of financial accounting that typically involves updating information about an inventory on a continuous basis (in real-time) as the sales or purchases are being made by customers, especially through the use of enterprise management software applications and a digitized point-of-sale (POS) equipment.

Furthermore, an advantage of the perpetual inventory system (perpetual system of inventory) over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, theft, etc.

Read more on inventory here: brainly.com/question/24868116

#SPJ1

1. On June 1, 20X1, Conner Company, a new firm, paid $5,580 rent in advance for a six-month period. The $5,580 was debited to the
Prepaid Rent account.
2. On June 1, 20X1, the firm bought supplies for $7,600. The $7,600 was debited to the Supplies account. An inventory of supplies at
the end of June showed that items costing $3,125 were on hand.
3. On June 1, 20X1, the firm bought equipment costing $63,600. The equipment has an expected useful life of 10 years and no
salvage value. The firm will use the straight-line method of depreciation.
Prepare end-of-June adjusting entries for Conner Company.

Answers

The end-of-June adjusting entries for Conner Company are as follows:

Debit Rent Expense: $930

Credit Prepaid Rent: $930

Debit Supplies Expense: $3,125

Credit Supplies: $3,125

Debit Depreciation Expense: $530

Credit Accumulated Depreciation - Equipment: $530

How to prepare the journal entry?

1. Prepaid Rent Adjustment:

At the end of June, Conner Company has used up one month of the prepaid rent. Therefore, the adjustment to record the rent expense for June is:

Debit Rent Expense: $930 ($5,580/6 months)

Credit Prepaid Rent: $930

Supplies Adjustment:

2. At the end of June, Conner Company has $4,475 ($7,600 - $3,125) worth of supplies remaining. Therefore, the adjustment to record the supplies expense for June is:

Debit Supplies Expense: $3,125 ($7,600 - $4,475)

Credit Supplies: $3,125

3. Depreciation Adjustment:

The equipment has a useful life of 10 years, which is equivalent to 120 months (10 years x 12 months). Therefore, the monthly depreciation expense is $530 ($63,600/120 months).

Debit Depreciation Expense: $530

Credit Accumulated Depreciation - Equipment: $530

Learn more about journal entry here:https://brainly.com/question/28390337

#SPJ1

The increase or decrease in owner's equity is reported on the
Question 9 options:

income statement.

statement of owner's equity.

balance sheet.

All of the above

Answers

Answer:

Statement of Owners' Equity

Explanation:

The Statement of Owners' Equity, also referred to as Statement of Stockholders' Equity, is a financial statement used to report the changes in the all of the equity accounts of a corporation. It also reports number of shares and any changes in a firm's preferred, common, and treasury stock that occurred during the year.

The Income Statement (also referred to as the Statement of Earnings) reports the net income or loss of a company for a specific period.  It only reflects revenues and expense accounts of the firm, and not the equity accounts.

The Balance Sheet (also referred to as the Statement of Financial Position) reflects the assets, liabilities, and stockholders' equity accounts of a company as of a specific date. The information contained in its "Stockholders' Equity" section comes from the Retained Earnings Statement. However, the Balance Sheet does not provide the changes in the equity accounts of a company.

Therefore, the correct answer is Statement of Owners' Equity.  

1. Identify a research problem in your study area and coin topic based on the problem.

Answers

The correct answer to this open question is the following.

The research problem in my study area is the way industries and corporations are affecting climate change. The specific topic based on this problem is "How modern industries are impacting the environment."

I come up with this topic because it really concerns me.

Up until today, most companies and corporations' approach has been to earn money at all costs. However, the planet is suffering the consequences of over-exploiting raw materials and natural resources, directly impacting the environment.

Air pollution, water pollution, noise pollution, water scarcity, weather changes affection farming and the production of food, lack of rain in some parts of the planet, excessive storms in other parts of the globe, earthquakes, constant volcanic explosions, are some of the consequences of this irresponsible way of overexploiting raw materials that have seriously impacted our environment.

The invitation for the next generation of businessmen would be for a better form of Capitalism, focused on restoring some of the resources that have been exploited, and taking into consideration the employee's situations in the workplace. It is fine to think about getting rich. But no more at all costs.

Getting rich, yes. But now, thinking about practical ways to give back and taking care of planet Earth, and helping workers and employees to really prosper and grow.

Your house get $7,250 in damage. You have a $500 deductible.
How much will the insurance write you a check for?
O $500
O$7,000
O$6,750
7,750

Answers

Answer: 6750

Explanation:

7250-500 = 6750

In wisely planning for your retirement, you invest $12,000 per year for 20 years into a 401k account. How much will you be able to withdraw each year for 10 years, starting one year after your last deposit, if you can earn a real return of 10% per year and the inflation rate averages 2.8% per year?

Answers

Answer:

Annual withdraw= $173,483.28

Explanation:

The real rate of return is the result of deducting from the nominal rate the inflation rate.

First, we will determine the nominal rate of return:

Nominal rate= 0.10 + 0.028= 0.128

Now, we need to calculate the value of the investment at the time of retirement:

Annual deposit= $12,000

Interest rate= 0.128

Number of periods= 20 years

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {12,000*[(1.128^20) - 1]} / 0.128

FV= $948,935.34

Finally, the annual withdrawal:

Annual withdraw= (FV*i) / [1 - (1+i)^(-n)]

Annual withdraw= (948,935.34*0.128) / [1 - (1.128^-10)]

Annual withdraw= $173,483.28

QL
Question Type: Multi-Select
Which type of documents, available in iQMS™ Wiki, define the
Various lifecycle models covering the phases, associated activities, their relationships and relevant work products?

Answers

The correct answer are Process Model Documents and Software Development Lifecycle (SDLC) Model Documents

Which of the aforementioned is offered by iQMS?

IQMS offers comprehensive ERP and MES software for the automotive, medical, aerospace and military, assembly, food and beverage, packaging, plastics, stamping and metals, and process-specific industries, with a focus on midmarket, repetitive, batch-process, and discrete manufacturing.

What is the purpose of iQMS Wiki?

To assist you in completing your project, the iQMSTM contains policies, processes, practises, and enablers. Understanding iQMSTM is hence essential in TCS. The QMS Wiki is the organisational process repository for all processes, tools, and practises.

To know more about Software visit:-

https://brainly.com/question/4433838

#SPJ9

Question:

Which types of documents, available in iQMS™ Wiki, define the various lifecycle models covering the phases, associated activities, their relationships, and relevant work products?

A. Process Model Documents

B. Software Development Lifecycle (SDLC) Model Documents

C. Risk Assessment Reports

D. Employee Performance Evaluations

Please select all that apply.

Which of the following best describes a Trial Balance?
A. It is a list of balances in the book.
B. It is a special account.
C. It shows the financial position of the business.
D. It shows all the entries in the books.

Correct answers will be MARK AS BRAINLIEST

Don't answer if you don't know​

Answers

It is list of balances in the book

Trial balance is recorded in form of listIt includes all the balances present at different accounts of any individual

Option A is correct

What is the most appropriate decision on a product line when a company decides to lengthen its product line beyond its current range

Answers

Answer:

Line Stretching

Explanation:

A company normally makes an up-market stretch to obtain higher profit margins, achieve market growth, or position itself as a complete producer.

Which of the following is true of a good benefits plan?
a. It is generally inexpensive to buy and administer.
b. It will stimulate higher performance levels.
c. It will encourage people to join an organization.
d. It will include redundancies in coverage.
e. It allows for smaller pay increases.

Answers

Answer:

C

Explanation:

The following is true of a good benefits plan it will encourage people to join an organization. The correct option is c.

What are the benefits of motivated employees?

There are several benefits to having a motivated workforce, including lower absenteeism rates, employee retention rates, low staff turnover rates, improved management-worker relationships, higher worker performance, improved quality, and enhanced customer service.

A good benefits plan is an essential part of an organization's compensation strategy. It can be used to attract and retain talented employees and can be a competitive advantage in the job market. A well-designed benefits plan can also help to improve employee morale, motivation, and job satisfaction. While it may require a significant investment, a good benefits plan can provide a good return on investment for the organization.

Thus, the ideal selection is option c.

Learn more about motivated employees here:

https://brainly.com/question/30290742

#SPJ2

describe the difference between real gdp and nominal gdp.​

Answers

Answer:

Nominal GDP measures a country's gross domestic product using current prices, without adjusting for inflation. Contrast this with real GDP, which measures a country's economic output adjusted for the impact of inflation.

Which of the following investment choices is least risky?
A. Flipping
B. CDs
C. Government Bonds
D. Renting

Answers

Answer:

CDs is the least risky, as it is issued by the bank and endorsed by the government

which factor plays the biggest role in motivating economic decisions in a traditional economy?

Answers

Answer:

These are the answer choices for the question:

A. Cooperation between governments and citizens

B. Commitment to maintaining long-standing customs

C. Corruption in the leadership of powerful groups

D. Competition between different businesses

And this is the correct answer choice:

B. Commitment to maintaining long-standing customs

Explanation:

Traditional economies are economies that have not yet industrialized, that tend to be small-scale, and that give great weight to traditions when taking economic decisions, precisely.

Examples of traditional economies can be seen in nomadic, semi-nomadic, and pastoralist peoples, who often lack enough economic complexity to become large populations with complex poltiical and economic institutions.

In these societies, economic decisions may be guided more by the insight of a leader, than by economic rationality per se, as long as the bare minimum needs for survival are met beforehand.

There are factors plays the biggest role in motivating economy decisions in a market economy. The factor is Competition between different businesses.

A traditional economy is known to be a type of economic system where local or traditions, customs, and beliefs help defines the goods and services the economy creates, and also rule and way of their distribution.

Countries often this type of economic system and they are said to be rural and farm-based. Examples includes nomadic, semi-nomadic, and pastoralist etc.

See answer choices below

A. Cooperation between governments and citizens

B. Commitment to maintaining long-standing customs

C. Corruption in the leadership of powerful groups

D. Competition between different businesses

Learn more about Economy from

https://brainly.com/question/1169360

According to the quantity theory of money, the major cause of inflation in the long run is an increase in:________ a. the velocity of money. b. the growth rate of real GDP. c. the standard of living. d. the growth rate of the money supply.

Answers

Answer:

I think that the answer is d, sorry if I'm wrong

Explanation:

The political candidates keep talking to the citizens about the possibility of a recession what would most likely happen if a country experience a recession

Answers

The thing that would MOST likely happen in this case if a country experiences a recession is D.Businesses will suffer from decreased sales and profits, eventually leading to closure

What is recession ?

Recession, in economics,  can be described as the downward trend in the business cycle.

Itshouldbe nopted that this can be seen as the decline in production and employment,  whereby the incomes and spending of households to decline and as a result of thisthere would be hunger sa well as hardship in the country for this cause.

Learn more about   recession  at:

https://brainly.com/question/21139689

#SPJ1

missig part

What would MOST likely happen if a country experiences a recession?

A.

Feeling confident in the economy, people will begin to spend money more freely.

B.

Jobs will be more plentiful, and companies will be doing a lot of hiring.

C.

Families will start to purchase larger and more expensive homes.

D.

Businesses will suffer from decreased sales and profits, eventually leading to

You are an economics professor teaching large sections of Principles courses this semester. Within the first week of class,
several students have approached you with concerns about exam and homework due dates. They fear they won't do well
because the due dates for your class conflict with the dates for their other classes. You want to allocate exam and homework
due dates to the days most valued by students, but sifting through the opinions of hundreds of students presents a challenge.
The MOST efficient allocation would result if you:
design a predictions market for students to designate when they think the dates will be.
b. create an internal market for students to bid for their preferred dates.
C.
use your centralized power as a professor to assign the dates without student input.
d. determine that you have a knowledge problem when assigning dates

You are an economics professor teaching large sections of Principles courses this semester. Within the

Answers

The MOST efficient allocation of exam and homework due dates for students who have concerns due to conflicting schedules with other classes is to create an internal market for students to bid for their preferred dates.The correct answer is option-b.

A market is the most efficient mechanism for allocating goods and services according to the preferences of consumers. Students who have conflicting schedules can bid for their preferred exam and homework due dates through an internal market.

This method has the advantage of providing the exam and homework due dates to those who are willing to pay the most for them. By using the internal market, the professor can allocate the dates in the most efficient manner without sifting through the opinions of hundreds of students.

This method is also fair as it gives students the opportunity to choose their preferred dates based on their schedule constraints, and it reflects the value that students place on certain exam and homework due dates.

Therefore, the correct answer is option-b.

For more question on market

https://brainly.com/question/30665904

#SPJ8

accrued expenses

1. Workers' salaries for the six-day week is P4,800 payable every Saturday. December 31 is a Thursday.

2. Water bill received December 26 in the amount of P890 will be paid January 7 of the following year.

Answers

Answer:

1. Accrued salaries expense as of December 31 would be calculated as follows:

Number of days from Saturday to Thursday = 5 days

Salary expense per day = P4,800 / 6 days = P800 per day

Accrued salaries expense = 5 days x P800 per day = P4,000

Therefore, the company would need to record an accrued salaries expense of P4,000 as of December 31.

2. Accrued water expense as of December 31 would be calculated as follows:

Number of days from December 26 to December 31 = 5 days

Water expense per day = P890 / 30 days = P29.67 per day

Accrued water expense = 5 days x P29.67 per day = P148.35

Therefore, the company would need to record an accrued water expense of P148.35 as of December 31.

Which professional has helped Jennifer in this example?
Jennifer bought a new smart phone from a local store that sells electronic products. After a week, she started experiencing problems with the
phone's display screen. She went back to the store and spoke to its ___
representative, who replaced the product and
apologized for the inconvenience.

Answers

Answer:

would it be sales representative since they were only able to replace the device and apologize

Answer:

customer service

Explanation:

I'm smart and got it right on my test

Which of the following is true if you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels?

Answers

If you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels, the Marriott’s Best Rate Guarantee policy comes into effect.

Marriott’s Best Rate Guarantee policy is a commitment to providing the lowest rate possible. If you find a lower rate within 24 hours of booking through one of Marriott’s direct channels, Marriott will match that rate and offer an additional discount of 25%.

This policy applies to any Marriott brand including Ritz-Carlton, St. Regis, Westin, Sheraton, Aloft, and othersYou need to first book your reservation through Marriott’s direct channels like Marriott.com, the Marriott Mobile app, Marriott Bonvoy app, the Marriott Reservation Center, or directly with the hotel.

After that, you should look for lower rates on other third-party websites. If you find a lower rate within 24 hours, contact Marriott’s Customer Care team, and they will match that rate plus an additional discount of 25%.The policy does come with some terms and conditions.

The lower rate you find on the third-party website must be for the same hotel, same room type, same dates, same number of guests, same currency, and with the same booking conditions. It also excludes rates that are only available to members of certain groups or organizations, package rates that include flights, car rentals, and other amenities, and rates that are not available to the general public

For more such question on policy visit:

https://brainly.com/question/6583917

#SPJ8

A fixed expense is an expense that:

A. is unpredictable

B. is necessary for repairs

C. you can reduce by buying less

D. you can predict


This is for financial literacy
answer quick please!!

Answers

Answer:

I think the answer is A but sorry if I'm wrong

I think it’s A too like 99%

Among the actions businesses should take to improve trust in themselves and their brands are: a. All of these are correct. b. conduct advertising campaigns to tell why they should be trusted. c. align their business mission with the social good.

Answers

Answer: All of these are correct

Explanation:

Some of the the actions that businesses should take to improve trust in themselves and their brands are conducting advertising campaigns to tell why they should be trusted and also aligning their business mission with the social good.

Consumers love purchasing a product that they can trust and has a well respected brand. When the people realize that the objectives of the company align with the social good and the brand is socially responsible and looks out for them, such brands will be trusted.

How does finance and insurance affect in our global economy?

Answers

The ways that finance and insurance affect our global economy include:

Capital allocationRisk management

How can finance and insurance affect the economy ?

Finance plays a crucial role in allocating capital to its most productive uses. Through the provision of financial services such as banking, investment, and asset management, finance channels funds from savers to investors, supporting economic growth and development.

Insurance plays a vital role in managing risk and protecting individuals and businesses from potential losses. By spreading risk among a large pool of insured individuals or companies, insurance enables businesses to invest and take on new opportunities with greater confidence, contributing to economic growth and stability.

Find out more on finance at https://brainly.com/question/28556872

#SPJ1

Financial information related to the proprietorship of Ebony Interiors for February and March 2016 is as follows:
Accounts February 29, 2016 March 31, 2016
Accounts payable $329,000 $398,000
Accounts receivable 796,000 952,000
Cash 337,000 381,000
Justin Berk, capital ? ?
Supplies 33,000 34,000
Required:
1. Prepare balance sheets for Ebony Interiors as of February 29 and March 31, 2016. Refer to the lists of Accounts, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading.
2. Determine the amount of net income for March, assuming that the owner made no additional investments or withdrawals during the month.
3. Determine the amount of net income for March, assuming that the owner made no additional investments but withdrew $47,000 during the month.

Answers

Answer:

Ebony Interiors

1. Balance sheets for Ebony Interiors as of February 29 and March 31, 2016:

                                            February 29      March 31, 2016

Cash                                       $337,000             $381,000

Accounts receivable               796,000               952,000

Supplies                                     33,000                 34,000

Total assets                         $1,166,000          $1,367,000

Accounts payable                $329,000            $398,000

Justin Berk, capital                 837,000              969,000

Total liabilities + equity      $1,166,000          $1,367,000

2. The amount of net income for March, assuming that the owner made no additional investments or withdrawals during the month:

March 31 Capital =  $969,000

February 28 Capital (837,000)

Net income              $132,000

3. The amount of net income for March, assuming that the owner made no additional investments but withdrew $47,000 during the month:

March 31 Capital =  $969,000

Drawings                      47,000

February 28 Capital (837,000)

Net income              $179,000

Explanation:

a) Data and Calculations:

Financial information for February and March 2016 is as follows:

Accounts payable $329,000 $398,000

Accounts receivable 796,000 952,000

Cash 337,000 381,000

Justin Berk, capital ? ?

Supplies 33,000 34,000

b) Net income can be determined by comparing the beginning capital (equity) with the ending capital balance (equity).  This is because equity is equal to the common stock plus the retained earnings or adjusted net income.  Personal withdrawals by the owner affect the ending equity, which includes the net income.

Other Questions
Which nutrient is necessary for healthy bones? a. niacin b. fiber c. thiamin or d. calcium One of the record producer ralph peer's discoveries was __________ . 5/8 divided by 1/4 (im in middle school and forgot everything) Mrs. Williams' desk is located at (-5,2). The wireless internet box is halfway between her desk and the door. If the box is located at the coordinates (8, -8), what are the coordinates of the door? Find the area of the polygon with the coordinates (1, 2), (3, 2), (3, 0), and (1, 0) What is the capital of france Let P(t) denote the profit made by a company when t dollars are invested in advertising. The marginal profit is dP/dt . (a) Explain the meaning of dP dt in practical terms. The expression dP dt is the additional profit expected if 1 more dollar is invested in advertising. The expression dP dt is the total profit expected if t more dollars are invested in advertising. The expression dP dt is the difference between the expected profit and the actual profit. The expression dP dt is the additional profit expected if t more dollars are invested in advertising. The expression dP dt is the total profit expected if 1 more dollar is invested in advertising. (b) If the marginal profit is positive, should you invest more or less money in advertising Diego measured the length of a pencil to be 22 cm. the actual length of the pencil is 23 cm. which of these is closest to the percent error for diegos measurement? 1.I..........(wait) for you since two o'clock. What took you so long?. ............2. Marta ..................(live) in Kiev since 2001..........3. He's tired because he...............(play) handball for two hours.........4. We...........(look) for the exit for an hour and still haven't found it............5. How long...........she.............(work) in the garden? It's getting hot.......... Which of the the following three points are collinear Recommend what grades 12s could do to minimise the impact of anxiety they may feel on the day of the examination What is the meaning of endemic disease? which is true? question 18 options: local reference variables do not automatically go out of scope when the method returns a programmer must set an object reference to null to ensure it will be marked for deallocation an object is deallocated when its reference count increments to one local reference variables are automatically marked for deallocation when the method returns GDP is calculated as the total market value of all final goods and services produced in a country during a year. (1) Suppose that in 2019, geologists discover large reserves of oil in Alaska which have a market value estimated at $50 billion at current oil prices. (2) Oil companies rush in and spend $1 billion to hire workers and position equipment to begin exploratory pumping during the same year. (3) One company accidentally spills some oil into a bay and by the end of the year pays $1 billion to other companies to clean it up. (4) The oil spill kills thousands of birds, seals, and other wildlife. What would be the effect of each of these 4 events on the US GDP for 2019 and why All of the following are parts of business models employed in the online music industry except: Question 2 options: A) peer-to-peer streaming. B) cloud streaming. C) download-and-own. D) subscription. Knitting yarn into a scarf is aphysical changechemical change You pick a card and a marble randomly. Find the probability of getting a card with the letter W and red marble.A1/18 B1/30C2/25 D3/41 Assignment OverviewThis lab exercise provides practice with Pandas data analysis library.Data FilesWe provide three comma-separated-value file, scores.csv , college_scorecard.csv, and mpg.csv. The first file is list of a few students and their exam grades. The second file includes data from 1996 through 2016 for all undergraduate degree-granting institutions of higher education. The data about the institution will help the students to make decision about the institution for their higher education such as student completion, debt and repayment, earnings, and more. The third file includes information about the fuel economy of a list of vehicles.In the Part A of the lab, we want to compare the execution time required to read the file, and to calculate the mean for a specified column. Its better to practice with scores.csv that has only a few lines and then switch to the college_scorecard.csv to calculate the execution times.In Part B, we will use pandas exclusively using the mpg.csv.PandasIn this lab, we are using a few of the tools provided by the Pandas library. To read a CSV file, Pandas has a method called read_csv. It has many parameters, but in this lab we use only the filename. The method reads the CSV file into a DataFrame object. A DataFrame is a two dimensional tabular data structure. Here is an example using the scores.csv file:data_frame = pandas.read_csv("scores.csv")print(data_frame)First Last Exam1 Exam2 Exam3 Exam40 Grace Hopper 100 98 87 971 Donald Knuth 82 87 92 812 Adele Goldberg 94 96 90 913 Brian Kernighan 89 74 89 774 Barbara Liskov 87 97 81 85You can get the column titles by data_frame.columns:Index(['First', 'Last', 'Exam1', 'Exam2', 'Exam3', 'Exam4'], dtype='object')You can also find the size of the table by data_frame.shape: (5, 6)Subsetting is the process of retrieving parts of a data frame. A data frame can be subset in a variety of ways, the most common of which involve selecting a range of rows and columns, or selecting columns by column label. To select a column or columns of a data frame, the command data_frame["column"] where data_frame is the DataFrame object and column is thename of the selected column. The column name is enclosed within single or double quotes. Alternatively, the command data_file.column_title can be used as long as the column name is not the same as an existing method. The data type of the output is a series, which can be thought of as a list with labels. For example data_file.Exam1 returns only exam 1 scores:0 1001 822 943 894 87Name: Exam1, dtype: int64If you have the column index, you can use it to extract the column title, then use it to index the data_frame to access only one column:data_frame[data_frame.columns[0]]0 Grace1 Donald2 Adele3 Brian4 BarbaraName: First, dtype: objectWhen you create a DataFrame, you have the option to add input to the index argument, to make sure that you have the index that you desire. You can also reshape the dataframe after creation such that it has an index that you desire using the method set_index(). For example,data_frame = pandas.read_csv("scores.csv")data_frame.set_index('Last', inplace=True)print(data_frame)First Exam1 Exam2 Exam3 Exam4LastHopper Grace 100 98 87 97Knuth Donald 82 87 92 81Goldberg Adele 94 96 90 91Kernighan Brian 89 74 89 77Liskov Barbara 87 97 81 85inplace means do not create a copy of it. It will instead modify it. Note the difference between the printed data frame above and in the previous page. You can find the commonly used methods below. These methods could be applied on a column by calling these methods for a specific column: If your driver license gets suspended in another state, can you legally drive in texas?. For which method of determining population size is the population not aware of the samplers presence? a. mark/recapture b. direct observation c. sampling d. indirect observation please select the best answer from the choices provided a b c d