Answers
Cassandra works as a waitress at a diner. She typically brings home about $45/week in tips. In many states, her employer is allowed to pay her just $2.13 an hour.
Who is the "employer"?An employer is a person, business, or other entity that hires and compensates workers. Employees are those who receive compensation for their labor. Employment is provided by employers.
What is an example of an employer?An organization, institution, government body, agency, business, professional services firm, nonprofit organization, small business, retailer, or person who hires or places people who may be referred to as employees or staff members to work is referred to as an employer.
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Lynx Corp. The data presented below for Lynx Corp. are for the year ended December 31, 2017: Sales (100% on credit) $1,000,000 Sales returns 30,000 Accounts receivable (December 31, 2017) 170,000 Allowance for doubtful accounts (credit balance) (before adjustment at December 31, 2017) 1,300 Estimated amount of uncollectible accounts based on aging analysis 14,000 See the data for Lynx Corp. If Lynx Corp. uses the aging of accounts receivable approach to estimate its bad debts, what amount will be reported as bad debts expense for 2017
Answers
Answer:
Allowance for Doubtful Accounts 69,000
Explanation:
If the company estimates its bad debt to be 2% of net credit sales:
sales 2,500,000
return and allowance (50,000)
net sales 2,450,000
Then, we calculate 2% of this amount:
2,450,000 x 0.02 = 49,000
As the uncollectible amounts are related to sales rather than account receivable we adjust for the full value giving an ending value of:
beginning 20,000 + adjustment 49,000 = 69,000
C 0
a.
Hank is a salaried plus commission employee. Hank has a monthly salary of $2.500 and earns 5.5% commission on all
sales. Which of the following expressions represents Hank's total earnings in one month if he has $6,300 in sales?
2,500 + (0.055)(6,300)
b. 2,500 + (5.5)(6,300)
c. (2,500) (5.5) + 6,300
d. (2,500) (0.055) + 6,300
Answers
Answer:
The answer is A
2,500 + (0.055)(6,300)
Explanation:
Answer:
A
Explanation:
Question 4
The opposite of a good is a
O Good
O Service
O Wants
O Needs
Answers
what is primary guide?
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A divider that identifies a main division or section of a file and always precedes all other material in a section.
August 1 M. Harris, the owner, invested $8,000 cash and $34,400 of photography equipment in the company. August 2 The company paid $3,300 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $1,520 cash. August 20 The company received $2,100 cash from taking photos for customers. August 31 The company paid $881 cash for August utilities. Analyze each transaction above by showing its effects on the accounting equation—specifically, identify the accounts and amounts (including + or −) for each transaction. Use the following partial chart of accounts: Cash; Supplies; Prepaid Insurance; Equipment; M. Harris, Capital; Services Revenue; and Utilities Expense.
Answers
Answer:
Date : August 1
Assets (Cash $8,000 and Equipment $34,400) = Increase $42,400
Liabilities = No Effect
Equity (Capital $42,400) = Increase $42,400
Date : August 2
Assets (Cash and Equipment) = $3,300 decrease -cash and $3,300 increase - equipment
Liabilities = No effect
Equity = No Effect
Date : August 5
Assets (Cash and Supplies) = $1,520 decrease -cash and $1,520 increase - equipment
Liabilities = No effect
Equity = No Effect
Date : August 20
Assets (Cash ) = Increase $2,100
Liabilities = No Effect
Equity (Services Revenue) = Increase $2,100
Date : August 31
Assets (Cash = Decrease $881
Liabilities = No Effect
Equity (Utilities Expense) = Decrease $881
Explanation:
The accounting equation is stated as : Assets = Equity + Liabilities
Each and every transaction first identify the Accounts affected, then determine which accounts fall within the Asset, Equity or Liabilities category and the effect thereof to the category.
Berks Corp bonds pay interest semiannually and they will mature in 10 years. Currently a P1,000 bond sells for P800 and the bondholders require an annual return of 9%. Calculate the coupon rate of these bonds.
Answers
The coupon rate (≈ 7.88%).
How to solveTo calculate the coupon rate for Berks Corp bonds, use the bond pricing formula.
Given a bond price of P800, a face value of P1,000, a required annual return of 9%, and 10 years to maturity, first find the semiannual required rate of return (0.045) and the number of periods (20).
Plug these values into the formula and solve for the semiannual coupon payment (C ≈ 39.39).
Multiply this by 2 for the annual coupon payment (≈ 78.79).
Finally, divide the annual coupon payment by the face value and multiply by 100 for the coupon rate (≈ 7.88%).
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The director decides to move forward to fix this issue.
"I'd like you to come up with a strategy to fix this misperception by consumers. I want this strategy to create an almost involuntary reaction in the consumer of thinking 'good-tasting cookie' whenever they see 'Cocoa Cremes'."
"I think once they learn and remember that the cookie brand stands for an enjoyable eating experience, we may see an increase in sales."
Which strategy would you recommend to the director?
Answers
You will recommend developing an advertising strategy that pairs image of people eating and enjoying cookies .
Elaborating:This is primarily due to the fact that the company is compelled to show customers a product commercial with two pictures of people eating and enjoying cookies bearing the brand name. which will undoubtedly recall the advertising campaign and brand name.
Every time they see advertising that uses the brand name, customers would be encouraged to try the product. Your brand's exposure through this strategy will undoubtedly result in increased sales. Customers will begin to view the brand in a more favorable light as a result of this positive influence.
Despite the fact that managers frequently employ both mental models, they frequently fail to recognize the differences. Additionally, decision-makers fall prey to mental pitfalls as a result of this lack of awareness. We can avoid falling into these traps and make better decisions if we understand backward and forward thinking.
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15. The owners of a small bar and grill want to run an ad on local radio in the town where the business is located. Their objective is to create awareness for the restaurant among the town’s consumers. Which measure should be used to determine how many different people will hear the advertisement?
Answers
Lisa vozniak income statememt college accounting
Answers
what are other business functions get more of importance. why
Answers
The amount with which an individual starts an investment is called the
O principal
O return
O IDA
O APY
Answers
Answer:
Principal
Explanation:
The stock/requirements list displays:___.
A. Changes in the planning situation since MRP was run.
B. MRP elements at an aggregation level.
C. All MRP elements for a material.
D. Required materials per production version.
E. All materials needed per MRP element.
Answers
Answer:
E. All materials needed per MRP element.
Explanation:
Stock Requirement List is known to be a dynamic list that shows the current status of requirement and sources for that materials. It has been arranged in such a way that any changes in the procurements or needs would be displayed in the list. it is dynamic as it is updated each time it is displayed.
The stock/requirements list displays All materials needed per MRP element
What of the following is not considered practice before the IRS per Circular 230?
A. Corresponding with the IRS in writing
B. Talking on the telephone to the IRS about a taxpayer
C. Appearing as a witness for a taxpayer
D. Representing a taxpayer at a hearing
Answers
According to Circular 230, speaking over the phone with the IRS regarding a taxpayer is not regarded as practise in front of the IRS.
What exactly does the Circular 230 cover?Disbarment, practise privileges suspension, and censure are all forms of discipline covered by Circular 230. A practitioner's practise privileges may be suspended for a set period of time or indefinitely; before such rights are reinstated, the OPR must first grant their request for reinstatement.
What does Circular 230 define as "practise" in relation to the IRS?Attorneys, CPAs, and enrolled agents are frequently permitted to represent taxpayers before the IRS. Enrolled actuaries and retirement plan agents may provide representation with regard to the Internal Tax Code provisions listed in Circular 230.
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Political forces that affect transportation businesses
Answers
It is important to note that politics and the economy have effects on the transportation industry, as the industry is ever changing with new policies, regulations, or capacity issues.
Politicians and the policies they create dictate the US economy, effecting all industries. It is seen that the transportation industry saw effects because of the trade and tariff wars. The overall regulations depend largely on the economic and political outlook of the party in power.
For instance, a government that is inclined to pursue neo-liberal policies, could pass more legislations favoring industries and big businesses, while a government inspired by socialism could push policies favoring small businesses.
Hence, the answer was given and explained above.
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This chapter is all about trade--imports and exports and the balance of payments.
Answers
3. _________ is a type of form used to obtain important feedback from customers by
asking them to answer checklist.
A. Survey form
B. Bio-data form
C. Interview form
D. Health check form
4. This social benefit from patronizing products and services project how customers
wants to be ________ by others.
A. admired
B. accepted
C. perceived
D. acknowledged
5. Marketing companies exert effort to consider positive feelings provided to customers
in order to create __________ connection with them.
A. Social
B. Emotional
C. Functional
D. Economical
Answers
Answer:
3. Survey form
4. accepted
5. emotional
Explanation:
Sam and Dave form an LLC that is taxed just like a partnership or pass through entity. Sam and Dave each own 50% of the
LLC. At the end of the year, the LLC has net income of $100,000. Sam and Dave decide to pay one half of the net income to
themselves as an agreed distribution. The remaining amounts stay in the LLC bank account. As a result
The LLC will pay income and social security tax on $100,000 and Sam and Dave will have to pay a dividend tax of 20% on their
distributions.
The LLC will pay tax on the $100,000 to the IRS as an entity level tax.
Sam will have to pay income and social security tax on $25,000
Dave will have to pay income and social security tax on $50,000
Answers
Based on the fact that Sam and Dave decided to pay themselves half of the net income, Dave will have to pay income and social security tax on $50,000.
What will happen to Sam and Dave?When an LLC is formed, it is taxed on a pass-through basis which means that its income is treated as income of its partners as sole proprietors.
This means that the $100,000 net income will be treated as income for the Sam and Dave. Both of them will therefore pay income and social security taxes on $50,000 each which will be their share.
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On January 1, Boston Enterprises issues bonds that have a $1,350,000 par value, mature in 20 years, and pay 8% interest semiannually on June 30 and December 31. The bonds are sold at par. 1. How much interest will Boston pay (in cash) to the bondholders every six months? 2. Prepare journal entries to record (a) the issuance of bonds on January 1, (b) the first interest payment on June 30, and (c) the second interest payment on December 31. 3. Prepare the journal entry for issuance assuming the bonds are issued at (a) 97 and (b) 103.
Answers
1. The amount of interest that Boston Enterprises will pay in cash to the bondholders every six months is $54,000 ($1,350,000 x 4%).
2. The preparation of the journal entries to record the following for Boston Enterprises is:
January 1:
Debit Cash $1,350,000
Credit Bonds Payable $1,350,000
To record the issuance of bonds at par for cash.2. b) The first interest payment on June 30:
June 30:
Debit Interest Expense $54,000
Credit Cash $54,000
To record the first interest payment.2. c) The second interest payment on December 31:
December 31:
Debit Interest Expense $54,000
Credit Cash $54,000
To record the first interest payment.3) The preparation of the journal entry for the issuance of the bonds, assuming the bonds are issued at:
a) 97:
Debit Cash $1,309,500
Debit Bonds Discounts $40,500
Credit Bonds Payable $1,350,000
To record the issuance of bonds at par at a discount.b) 103:
Debit Cash $1,390,500
Credit Bonds Payable $1,350,000
Credit Bonds Premium $40,500
To record the issuance of bonds at par at a premium.
Data and Calculations:Bonds face value = $1,350,000
Maturity period = 20 years
Issuance date = January 1
Interest rate = 8%
Interest payment = semi-annually
Interest payment dates = June 30 and December 31
Transaction Analysis:2. a) The issuance of the bonds on January 1:
Cash $1,350,000 Bonds Payable $1,350,000
2. b) The first interest payment on June 30:
Interest Expense $54,000 Cash $54,000
2. c) The second interest payment on December 31:
Interest Expense $54,000 Cash $54,000
3) The preparation of the journal entry for the issuance of the bonds, assuming the bonds are issued at:
a) 97:
Cash $1,309,500 Bonds Discounts $40,500 Bonds Payable $1,350,000
b) 103:
Cash $1,390,500 Bonds Payable $1,350,000 Bonds Premium $40,500
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The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
Answers
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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Hi, i need help for this assignment from "Essentials of Investments", can you help me? I have to deliver by midnight!! URGENT
Answers
60% of the client's investment should be in the risky portfolio and 40% should be in T-bills.
What is the portfolio?
a. To find the proportion y, we can use the following formula:
0.17 = y(0.18) + (1-y)(0.055)
where y is the proportion of the investment in the risky portfolio.
Simplifying and solving for y, we get:
y = (0.17 - 0.055) / (0.18 - 0.055) = 0.60 or 60%
Therefore, 60% of the client's investment should be in the risky portfolio and 40% should be in T-bills.
b. To find the investment proportions in each security, we can multiply the overall investment proportions by the proportion invested in the risky portfolio.
Investment in T-bills: 40%
Investment in Stock A: 0.32 x 0.60 = 0.192 or 19.2%
Investment in Stock B: 0.36 x 0.60 = 0.216 or 21.6%
Investment in Stock C: 0.32 x 0.60 = 0.192 or 19.2%
Therefore, the client's investment proportions in the three stocks and in T-bills are:
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Assume that you manage a risky portfolio with an expected rate of return of 18% and a standard deviation of 34%. The T-bill rate is 5.5%.
Your risky portfolio includes the following investments in the given proportions:
Stock A 32%
Stock B 36 %
Stock C 32%
Your client decides to invest in your risky portfolio a proportion (y) of his total investment budget with the remainder in a T-bill money market fund so that his overall portfolio will have an expected rate of return of 17%.
Required:
a. What is the proportion y? (Round your answer to 1 decimal place.)
Proportion y ---------------%
b. What are your client's investment proportions in your three stocks and in T-bills? (Round your intermediate calculations and final answers to 2 decimal places.)
Security Investment Proportions
T-Bills --- ----%
Stock A-----------%
Stock B-----------%
Stock C--------%
investing is best for
?
Answers
HELP PLEASE I HAVE 10 MINUTES
What rules are set up with the Fair Credit Billing
Act?
A. How banks notify and bill people on their loan amounts.
B. The APR a bank can charge on a loan.
C. The fees a bank can impose on a borrower.
D. How borrowers notify banks of changes in their financial status.
Answers
Answer:
I say A as it is the most logical because banks should let the borrower know about the loan.
Hope this helps
Which of the following is an ineffective way of handling a problem?
clearly defining the problem
prioritizing steps to solve the problem
seeing the problem from the perspectives of all involved
focusing on only one side of the problem
Answers
The most ineffective way of handling a problem is focusing on only one side of the problem.
What is a problem-solving skill?Simply put, the process of defining a problem, identifying its root cause, and identifying, ranking, and choosing potential solutions for a problem is known as problem-solving.
In both professional and personal settings, the ability to solve problems is crucial In order to find the source of a problem and propose a solution, problem-solving abilities are crucial.
Good problem-solving abilities help you not only in your personal life, but also in your professional life. Employers frequently see everyday issue-solving as critical to the success of their firms in today's fast-changing global economy. Employees can use problem-solving to produce practical and creative solutions, as well as to demonstrate independence and initiative to employers.
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importances of self management
Answers
Answer:
Self-management skills allow you to maximize your productivity, improve your workplace performance and efficiently achieve professional goals. Improving your self-management skills can help you increase your employability and better manage your career path.
Explanation:
I hope it help.
Controlling is the process of assuring actual activities conform to planned activities. With an example, discuss five (5) importance of controlling.
Answers
Answer:
Controlling is the process of assuring actual activities conform to planned activities with five examples are discussed below in details.
Explanation:
Planning and controlling are intimately associated. Controlling is further pervasive than planning. Controlling benefits managers observe the effectiveness of their planning, formation, and managing activities. It not only assists in maintaining a record on the development of activities but also guarantees that activities adhere to the measures set in approach so that organizational aims are achieved.
2. Take a Guess: Amita wants to invest in a fund and choose a few individual stocks and
bonds to invest in. Is she allowed to do this? Or, does she have to choose one or the
other?
Answers
Yes, she allowed doing this as it is amita's choice.
What are stocks?All the shares that make up the firm or group's ownership make up its stock. A single common stock represents a minority portion of the company's ownership based on the entire number of issues.
She is capable of doing this as it is her own earnings. Due to the fact that a single balanced portfolio could be made up of a number of different stocks, clients can deposit a little sum of everything into or more organizations and gain access to a wide range of investing alternatives or in other stocks.
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Emma started a business called memories and melodies she recognized that music socialization and memory challenging activities for senior citizens helped maintain their cognitive skills for longer periods of time
Answers
As Emma started a business called memories and melodies she recognized that music socialization The Non-profit work is thereby the Emma.
What is Business?An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for-profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.
The organization through striving for profits but is intended to use the profits for the social welfare of specific society sections. Such an organization is termed a nonprofit organization
Therefore, Thus option(C) is correct.
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The options are:
Profit
Business
Non-profit.
in financial menegment the procument of fund is done for
Answers
In the context of business or government, procurement most frequently refers to the formal, official process of acquiring and receiving goods, services, or equipment. furthermore it's used for Estimating the amount of money needed is the first step in the function of funding procurement. Several forecasting exercises are necessary to determine the project's future requirements and the amount needed for working capital and fixed asset investments. Investment items that are not tied to construction are paid for through procurement allocations. Equipment items that are not subject to centralised item management and asset control and whose system unit cost reaches or exceeds the expense/investment threshold are included in this. Financial management is the study of raising money and using it wisely and effectively in light of the overall goals of the company.the expectations of the suppliers of funding. The goal of procurement is to achieve competitive rates for suppliers while providing the most value. Procurement management guarantees that all things and services are procured correctly in order for projects and processes to run smoothly and successfully. Procurement may be used to gain a competitive edge when it is optimised to save money, time, and resources. Raw materials, software, services, or items that directly assist the manufacture of the things your firm sells are examples.
If the order is accepted, by how much will monthly profits increase or decrease? (The order would not change the company’s total fixed costs.) Show and label all computations using words and numbers to explain the steps please (final answer should be incremental profits)
Answers
If the Superior Company accepts the special order, monthly profits will increase by $2,500.
By how much will monthly profits increase or decrease if order is accepted?To determine the impact on monthly profits, we need to calculate the contribution margin per unit on the special order.
Contribution margin per unit = Selling price per unit - Variable costs per unit
= $15 - ($2.50 + $3.00 + $0.50 + $1.50)
= $7.50
The contribution margin ratio is 50% ($7.50 / $15).
The fixed costs are $4.25 + $2.00 = $6.25 per unit.
If the company accepts the special order, it will produce and sell an additional 2,000 units.
Total contribution margin from the special order:
= 2,000 units x $7.50 per unit
= $15,000
Since the order would not affect regular sales, the company's total fixed costs will remain the same. Therefore, the increase in monthly profits would be:
Increase in monthly profits = Total contribution margin from the special order - Incremental fixed costs
= $15,000 - ($6.25 x 2,000)
= $2,500.
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A group of 10 people have the following annual incomes: $24,000, $18,000, $50,000, $100,000, $12,000, $36,000, $80,000, $10,000, $24,000, $16,000. Calculate the share of total income that each quintile receives from this income distribution. What percent of the total income is represented by the highest quintile
Answers
Answer:
48.65%
Explanation:
Given Income are written in increasing order
First Quintile 10,000 12,000
Second Quintile 16,000 18,000
Third Quintile 24,000 24,000
Fourth Quintile 36,000 50,000
Fifth Quintile 80,000 100,000
Total Income % share
First Quintile 10,000 12,000 22,000 5.95
Second Quintile 16,000 18,000 34,000 9.19
Third Quintile 24,000 24,000 48,000 12.97
Fourth Quintile 36,000 50,000 86,000 23.24
Fifth Quintile 80,000 100,000 180,000 48.65
Total income in the economy 370,000 100%
The percentage of the total income of the highest quintile is 48.65%