Consider the following situations for Shocker:
a, On November 28, 2021, Shocker receives a $3,150 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited.
b. On December 1, 2021, the company pays a local radio station $2,430 for 30 radio ads that were to be aired, 10 per month, throughout December, January, and February. Prepaid Advertising is debited.
c. Employee salaries for the month of December totaling $7,100 will be paid on January 7, 2022.
d. On August 31, 2021, Shocker borrows $61,000 from a local bank. A note is signed with principal and 9% interest to be paid on August 31, 2022.
Required:
1. Record the necessary adjusting entries for Shocker at December 31, 2021. No adjusting entries were made during the year.

Answer:

See explanations below

Explanation:

Business agent of a local union is basically a title, which is associated with being a chosen representative of a local union. A business agent is an employee of a union(paid employee), appointed to be its representative, who is expected to protect at all times the interest of its members and also act as the link between the chapter and other representatives in other union. He represents the larger interest of the local union such as representing members during disciplinary hearings, agreeing on memorandum of understandings etc.

A shop steward is the face of a union in an organization. He is an employee of a company, but he is elected to be the union representative on various issues such as work related issues and other issues. He ensures that work related issues and other grieviances between his members and the company are resolved amicably. He scheduled a meeting with the supervisors or management of a company and represent the interest of his members at all times.

An international union representative is an elected union representative, who liases with other union representatives in other countries on best global practises regarding workplace issues faced by its members. They share ideas on how best to resolve work related issues faced by employees and also assist local officers in negotiations and in administering labor agreements.

The total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.

To find the total interest the Montgomerys will pay over the course of the loan, we can calculate the monthly payment and then subtract the principal borrowed.

First, we need to calculate the monthly payment using the loan amount, interest rate, and loan term. We can use the formula for calculating the monthly payment on an amortizing loan:

Monthly payment =\(P * r * (1 + r)^n / ((1 + r)^n - 1)\)

Where:

P = Principal amount borrowed = $107,000

r = Monthly interest rate = Annual interest rate / 12 = 7.50% / 12 = 0.625%

n = Total number of payments = 30 years * 12 months/year = 360 months

Plugging in the values, we have:

Monthly payment = $107,000 * 0.00625 * (1 + 0.00625)^360 / ((1 + 0.00625)^360 - 1)

             ≈ $750.20

The monthly payment of principal and interest is approximately $750.20.

To find the total interest paid, we can multiply the monthly payment by the total number of payments and subtract the principal borrowed:

Total interest paid = (Monthly payment * Total number of payments) - Principal borrowed

                 = ($750.20 * 360) - $107,000

                 ≈ $270,072 - $107,000

                 ≈ $163,072

Therefore, the total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.

None of the provided answer options match the calculated value. However, based on the calculation, the closest option is OA. $162,254.80.

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The correct answer to question 49 is that a producer may share commission with another licensed but unappointed producer. b is correct answer

A producer may share commission with another licensed but unappointed producer.

In the insurance industry, a producer is an individual or entity that sells, solicits, or negotiates insurance policies. Producers can be insurance agents, brokers, or other licensed professionals authorized to conduct insurance transactions. Commissions are the compensation received by producers for their services in selling insurance policies.

While producers typically earn commissions based on the premiums paid by policyholders, they may also share commissions with other licensed individuals who are not appointed producers. These individuals are usually part of the same agency or brokerage and contribute to the sales process. By sharing commissions, producers can incentivize teamwork, encourage collaboration, and reward the efforts of their colleagues.

It's important to note that sharing commissions with unlicensed individuals who have sold, solicited, or negotiated insurance policies is generally not allowed. Insurance regulations require that only licensed individuals engage in insurance-related activities. Unlicensed individuals do not have the necessary qualifications, training, and legal authorization to participate in the sales process or receive commissions.

The sharing of commissions with the underwriter of the insurance company or the insured to offset a portion of the premium payable is also uncommon. The underwriter is responsible for assessing risk and determining policy terms, while the insured pays premiums to obtain coverage. Commissions are typically allocated to the producer involved in the sale and are not shared with the underwriter or the insured.

Therefore, the correct answer to question 49 is that a producer may share commission with another licensed but unappointed producer.

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The scenario that describes the highest level of productivity is option D. Producing 5 chairs using resources that cost $100. Calculating the highest productivity:

For A. The cost should be $400 for 50 chairs so per chair should be = $400 ÷ 50 = 8. For B. The cost should be $150 for 15 chairs so per chair should be = $150 ÷ 15 = 10. For C. The cost should be $100 for 5 chairs so per chair should be = $100 ÷ 5 = 20. and For D. The cost should be $200 for 100 chairs so per chair should be = $200 ÷ 100 = 2

Productivity is the efficiency of production of goods or services expressed by some measure. Measurements of productivity are often expressed as a ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time.

Therefore, the correct answer is option D.

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Some of the factors that show that India has lots of promise to shine among the emerging market economies are;

India would not be able to grow its economy or develop sustainably until gender and economic disparity are reduced. According to a recent United Nations Development Fund assessment, India trails behind several of its South Asian neighbors on the human development index (HDI), mostly due to inequities.

While economic reforms may account for some of the differences, China outpaced India because:

(1) the economy was privatized sooner;

(2) prices were released sooner;

(3) the labor market underwent much deeper reforms; and

(4) the economy was opened up to international trade and foreign direct investment (FDI) sooner.

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Answer:

2018

Explanation:

smarts i have been playing it science the begining

Answer:

2018!?

Explanation:

Q die suddenly and the beneficiary is paid $500,000 this exchange of unequal values reflects Aleatory insurance contract features.

A purposeful set of rules designed to direct behavior and produce logical results is called a policy. A policy is a declaration of intent that is carried out through a method or protocol. Typically, a governing board inside a company adopts policies.

Insurances are aleatory since the regular payment made by the insured and the payout made by the insurer in the instance of a loss are not equal. In this method, the person will be given the amount in the case of happening of the event the money will be transferred to them.

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Answer:

Bottle neck stations are the ones which take more time than the previous station because of which units received per hour our more than units created per hour creating a bottleneck.

In this case Station 2 is taking more time than station 1. (10>9)

Station 3 has 2 machines so although one machine takes more time than station one because of having 2 machines the time can be divided by 2 so there is no bottle neck here. (6<10)

Station 4 takes less time than station 2. (5<6)

Station 5 takes more time than station 4. (8>5) but station 5 is not a bottle neck because it is the last station so it is not slowing the units from going on to  another station or the next station, because the good is finished here there is no bottle neck

The only bottle neck is station 2 because it takes more time to send one unit to the next unit compared to receiving one unit from station 1.

Explanation:

Explanation:

"Station 1" is the bottleneck station.

According to the question:

Station 1's Effective processing time

= 15 minutes  

Station 2's Effective processing time

= 12 minutes  

Station 3's Effective processing time

= \(\frac{20}{2}\)

= 10 minutes  

Station 4's Effective processing time

= 8.5 minutes  

Station 5's Effective processing time

= 11 minutes

Station 1 seems to be the most efficient processing duration as well as being the bottleneck location.

Thus the above answer is the correct one.

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Based on the marketing concept, various utilities seek to enhance the product's usefulness to customers in a way that persuades them to make a purchase. E.g. Form, time, place, etc.

Marketing Utility is a term that is used to describe the idea that the promising way to sell a product to a consumer is to show them how the product could provide value to their life.

Generally, Marketing Utility includes the integration of a product into a customer's lifestyle by underlining how it can figure out a problem related to the consumer's needs.

Also, the role of marketing in utility helps develop a value proposition of products that explains the unique benefits a commodity can provide to consumers.

Hence, in this case, it is concluded that Marketing Utility is vital in the product's sales.

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Answer:

Time and money

Answer:

Time and money

Explanation:

Let A = Sales Amount

Basic income (B) = 1600

Rate (R) = 4%

Commission (C) = 4*A/100

Total monthly income (T) = 2487.84

T = B + C

T = B + 4A/100

2487.84 = 1600 + 4A/100

2487.84 - 1600 = 4A/100

887.84 = 4A/100

(887.84)/4 = A/100

A= (221.96)*100

A= 22196

So, the sales amount was $22.196, which is the answer.

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If your Company reported net sales in June of $500,000. Cost of goods purchased during June amounted to $164,500.  The company's gross profit margin for June is : $355,500.

Using this formula

Gross profit margin =Net sales- Cost of goods purchased

Where:

Net sales=$500,000

Cost of goods purchased=$164,500

Let plug in the formula

Gross profit margin=$500,000-$164,500

Gross profit margin=$355,500

Inconclusion if your Company reported net sales in June of $500,000. Cost of goods purchased during June amounted to $164,500.  The company's gross profit margin for June is : $355,500.

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Answer:

in which country are you referring( if in u.s it is JPMorgan chase &co.)

The break-even sales for the current year are 32.04 million barrels, rounded to two decimal places.

First, we need to calculate the total fixed costs for the current year

Fixed costs = Total costs - (Variable costs + Cost of goods sold x Variable cost % + Marketing, general, and admin. expenses x Variable cost %)

Fixed costs = $6,512 million - ($1,628 million + $1,221 million + $296 million)

Fixed costs = $3,367 million

Next, we can calculate the contribution margin per barrel:

Contribution margin per barrel = Price per barrel - Variable cost per barrel

We don't have the price per barrel, but we can use the gross profit and the number of barrels sold to calculate the average gross profit per barrel

Average gross profit per barrel = Gross profit / Barrels sold

Average gross profit per barrel = $4,884 million / 37 million barrels

Average gross profit per barrel = $132 per barrel

Assuming variable costs per barrel remain constant, we can use the variable cost % to calculate the variable cost per barrel

Variable cost per barrel = Cost of goods sold x Variable cost % / Barrels sold + Marketing, general, and admin. expenses x Variable cost % / Barrels sold

Variable cost per barrel = $1,628 million x 75% / 37 million barrels + $592 million x 50% / 37 million barrels

Variable cost per barrel = $27.03 per barrel

Therefore, the contribution margin per barrel is

Contribution margin per barrel = $132 - $27.03

Contribution margin per barrel = $104.97

Finally, we can calculate the break-even sales in barrels for the current year

Break-even sales (in barrels) = Fixed costs / Contribution margin per barrel

Break-even sales (in barrels) = $3,367 million / $104.97 per barrel

Break-even sales (in barrels) = 32.04 million barrels

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The main reason for the 1KP project is to better understand the genes from over 1,000 plant species.

This refers to the project that was made with the initiative of making a sequence and analysis of over 1,100 different plant species by plant biologists.

Hence, we can see that your question is unclear as the 1KP project has to do with the sequencing and analysis of plant life, so the question of why "4 of 1k plants are not working for Americans" is unclear, hence, the general overview of the 1KP project.

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Answer:

$1,813,500

Explanation:

According to IAS 16, Property, Plant and Equipment are tangible items that are held for use in production or supply of goods or services, for rental to others or for administrative purposes and are expected to be used during more than one year period.

The total amount of property, plant, and equipment will be calculated as :

Land                                                                                    $155,000

Land (held for future use)                                                 $220,500

Buildings                                                   $1,074,000

Equipment                                                  $659,000

Furniture                                                      $152,000

Accumulated Depreciation                       ($447,000)    $1,438,000

Total                                                                                   $1,813,500

An example of the consideration of visual merchandising can be seen in the way that kids’ cereal boxes are shelved in grocery stores. This is an example of how visual merchandising can be used to create an emotional connection with customers and influence their purchasing decisions. The correct option is D.

Visual merchandising refers to the visual elements that are used to promote a product or service. This includes the design of the product packaging, displays, advertising, and other marketing materials. Visual merchandising is important because it can help to create a strong brand identity, increase customer engagement, and ultimately drive sales.  

Other examples of visual merchandising might include online ads that use negative space to emphasize text, social media videos with contrasting, bright images, and sponsored search engine results that are shown in bold.

All of these strategies are designed to capture the attention of the customer and encourage them to take action, whether it's clicking on an ad or making a purchase in-store. By carefully considering the visual elements of their marketing strategy, businesses can create a powerful and effective message that resonates with their target audience. The correct option is D.

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Primary catering - those catering establishment function or the main function is to. provide food and beverage to the guests or the customers

Secondary catering - are the one in which the provision of food and beverage is a part of another business .

Explanation:

to calculated this question to solve

Answer:

Salaries for her employees

Explanation

Salaries for her staff are listed below as a fixed expense for Maria's sandwich food truck. As a result, choice (A) is the right one.

A food truck is a sizable motorized vehicle (like a van) or trailer that is outfitted to prepare, cook, serve, and/or sell food.Some, like ice cream trucks, offer frozen or premade food; others, with on-board kitchens, either make food from scratch or reheat food that was made in a physical commercial kitchen. Sandwiches, hamburgers, french fries, and other local fast food favorites are typical.

Food truck that served gourmet cuisine, a range of specialties, and ethnic menus were incredibly popular by the early 2010s, amid the pop-up restaurant craze.

Cold drinks like water and soda pop may be sold by food trucks. Along with food stalls, carts, and trucks,

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Answer:

D; by demographic

demographic because of the society

The franchising & licencing agreements have influenced the growth and development within the Hospitality Industry because it allowed more people have a hold of running services in the industry.

In a typical economy, the hospitality industry means the broad category of fields within the service industry that includes lodging, food and drink service, event planning, theme parks, travel and tourism. It extends to hotels, tourism agencies, restaurants and bars.

Under this industry, a franchises & licenses are both business agreements in which certain brand aspects are shared in exchange for a fee. The typical franchising agreement pertains to a business's entire brand and operations while a licensing agreement only applies to registered trademarks.

Some of the benefits of franchising in the hotel industry (hospitality industry) includes having a strong brand portfolio, specific set of tools, strong approach to standards, good reputation, training programmes,  consultation and advice service, marketing programmes.

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Answer:

business is a person's regular occupation, profession, or trade.

Management is the administration of an organization

Answer:

$79,200

Explanation:

The computation of retained earning at year end is seen below;

= Opening retained earning balance + Net income - dividend paid

= $48,400 + $52,800 - $22,000

= $79,200

Therefore, the retained earnings balance is $79,200

Answer:

$3,533.71

Explanation:

Amount to be lent today = Future value/(1+Interest rate)^Number of years

Amount to be lent today = 3750/(1.02)^3

Amount to be lent today  = 3750/1.061208

Amount to be lent today = $3,533.71

Hence, amount to be lent today = $3,533.71

Answer:

$198

Explanation:

Richard deposited $5,500 for 18 months on a 2.40% interest rate in his savings account. How much simple interest will he earn?

Simple interest is calculated using the formula.

I = P x R x T

I= interest,

P= principal amount,

R = interest rate,

T = time in years

Richard will earn

I =$5500 x 2.40% x 1.5 years

I = $5500 x 0.024 x 1.5

I= $132 x 1.5

I= $198

Interest = $198

Add: Decrease in inventory $6,300

Less: Increase in prepaid expenses -$700

Less: Decrease in accounts payable -$4,100

Cash Flows From Operating Activities Section of Cash Flow Statement:

Particulars Amount Amount

Cash flow from operating activities:  

Net income  $20,400

Adjustments to reconcile Net income to operating cash flow  

Income statement items not affecting cash:  

Add: Depreciation expenses  $25,400

Changes in current operating assets and liabilities  

Add: Decrease in accounts receivable $6,500

Add: Decrease in inventory $6,300

Less: Increase in prepaid expenses -$700

Less: Decrease in accounts payable -$4,100

Add: Increase in wages payable $2,700

Less: Decrease in income tax payable -$800 $9,900

Net cash Provided by (Used for) Operating Activities  $55,700

*Decrease in current liabilities and Increase in current assets other than cash is deducted from Net Income.

*Increase in current liabilities and Decrease in current assets other than cash is added to Net Income.

*Non cash & Non operating expenses are added to Net income.

*Non cash & Non operating income are deducted from Net income.

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Answer:

DOES THIS HELP

Explanation  

Many different professions contribute to the theory and practice of project management. Engineers and architects have been managing major projects since pre-history. Since approximately the 1960s, there have been efforts to professionalize the practice of project management as a specialization of its own. There are many active debates around this: Should project management be a profession in the same way as engineering, accounting, and medicine? These have professional associations that certify who is legally allowed to use the job title, and who can legally practice the profession. They also provide a level of assurance of quality and discipline members who behave inappropriately.

Answer:

service industry

Explanation:

works for customer but isn't involved in manufacturing

The sector of jobs that provide people with a service like a haircut belongs to the "Service Industry" or the "Service Sector."

The service industry includes a wide range of businesses and jobs that provide intangible products or services to customers. It involves activities where people offer their knowledge, skills, or labor to satisfy the needs of other individuals or businesses.

Examples of jobs in the service industry include hairdressers, barbers, restaurants, hotels, healthcare providers, consultants, entertainment services, and many others.

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