Answer:
No, it will not cause the trial balance to be unequal because both debit and credit entry is balanced.
Explanation:
Both Debit and credit side of the journal entry made is equal so, it will not effect the trial balance.
Entry made
Dr. Land $10,100
Cr. Cash $10,100
Actual Entry
Dr. Office Equipment $10,100
Cr. Cash $10,100
Adjusting Entry
Dr. Office Equipment $10,100
Cr. Land $10,100
The following general ledger accounts and additional information are taken from the records of Wolfe Corporation at the end of its fiscal year, December 31, 2019 Additional information:
a. The prepaid insurance is for a one-year policy, effective July 1, 2019.
b. A physical count indicated that $500 of supplies is still on hand.
c. $50 of December rent expense has not been recorded.
101 Unused Supplies 173 Advertising Exp. 610 Bal 700 Bal. 200 Cash Bal 2,700 Accounts Receivable110 Bal. 2,000 Common Stock Bal 320 3,800 Salaries Expense 656 Bal. 4,500 161 654 Prepaid Insurance Bal. 1,200 Repair Revenue Bal 450 7,750 Rent Expense Bal. 250
Required:
1. Record all necessary adjusting entries in general journal format including general ledger account numbers. Assume the following account numbers: Insurance Expense: 631; Supplies Expense: 668.
2. Post the adjusting entries to T-accounts and calculate balances.
3. Prepare all closing entries in general Journal format. Include general ledger account numbers.
4. Post the closing entries to the applicable general ledger accounts.
Answer:
a. Prepaid insurance (Dr.) $600
cash (Cr.) $600
b. Supplies expense (Dr.) $200
Unused supplies (Cr.) $200
c. Rent expense (Dr.) $50
Cash (Cr.) $50
Explanation:
Insurance expense : $1,200 * 6 / 12 = $600.
Cash balance $2,700 - $600 - $50 = $2,050
Letters with already formatted fonts and fields are called:
A. Files
B. Templates
C. Themes
D. Views
Answer: B. Templates
Why do you think our economy continues to experience wage differences among groups - please
discuss with relevant examples?
Answer:
Las propuestas principales para revisar la determinación de los salarios, el valor (no) asignado al trabajo y sus efectos sobre hombres y mujeres incluyen: 1. la Economía de la familia y la división del trabajo por género; 2. las diferencias salariales por género: el capital humano y la discriminación en el mercado de trabajo; 3. el dualismo y segmentación del trabajo por género; 4. la segregación ocupacional por género; 5. la economía marxista y el género; 6. el género y la economía según las feministas; 7. la crisis económica y el género; 8. las mujeres y la recesión; 9. los estudios económicos con perspectiva de género y 10. la explotación de las fuentes estadísticas
Explanation:
In terms of morality, which do you believe is more important -- the intention of an action or the consequences of an action? Explain, using the ethical reasoning of Kant or utilitarianism to support your view. Share an example that illustrates your point. Make sure you fully demonstrate that you understand the theory you are using.
Whereas utilitarianism places more emphasis on results, Kantism places more emphasis on intention. The decision between these two ethical systems ultimately comes down to personal values and views.
According to Kantianism, an action's morality is determined by its purpose rather than by its outcomes. Kant felt that the categorical imperative, which states that we should only act in ways that we could wish to be universal standards, should serve as a guide for our action. Wgere utilitarianism, a consequentialist ethical philosophy, holds that an action's morality is determined by its effects. According to utilitarianism, a decision is morally right if it leads to the greatest amount of happiness for the largest number of people.
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Amanda has no credit history. She asks her friend Tricia for advice on how to establish credit history. What is the BEST advice Tricia can give to Amanda?
a) Apply for a home mortgage.
b) Open a bank line of credit.
c) Apply for a gasoline credit card.
d) Actively use a debit card.
The advice i will give to Amanda is to apply for a gasoline credit card because it will automatically create a credit history for her.
What is Credit history?A Credit history means the overall transaction done relating to use of one's credit card.
Having or obtaining any credit card helps to build a credit base if one do not have a credit history.
Hence, the best advice i will give to Amanda is to apply for a gasoline credit card because it will automatically create a credit history for her.
Therefore, the Option C is correct.
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Answer:apply for gasoline credit card
Explanation:
Using the following information about the family’s assets and liabilities, calculate the debt ratio: Checking account: $3,000 Savings account: $13,000 Credit card balance: $5,500 Utility bill: $500 Home: $320,000 Mortgage (30 years): $210,000 Car: $25,000 Car loan (60 months): $18,000 Student loan (7 years): $25,000 Household items: $15,000 Retirement account: $64,000 Other assets: $39,000
Based on the various assets and liabilities that the family has, the debt ratio can be calculated to be 54.1%.
How is the debt ratio calculated?The debt ratio can be calculated as:
= Total debt / Total assets
Total debts
= Credit card balance + Utility bill(Car loan (60 months) + Student loan (7 years)
Total assets
= Checking account + Savings account + Home + Car + Household items + Retirement account + Other assets
= (5,500 + 210,000 + 180,000+ 25,000) / (3,000 + 13,000 + 320,000 + 25,000 + 15,000 + 64,000 + 39,000)
= 258,500 / 479,000
= 54.1%
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You are analyzing a large stable company. For the year ending 12/31/2015 the company reported earnings of $58,900 and book value at the end of 2015 was $371,700. You expect earnings to grow at 5% a year in perpetuity, and the dividend payout ratio of 70% to continue. The company borrows at 8%, and has a cost of equity of 12%. The company has 25,000 shares outstanding. What is your estimate of price per share using the dividend discount model at 12/31/2015
Answer:
$24.74
Explanation:
Total earnings for the year ending 12/31/2015= $58,900
dividend payout ratio=70%
current year total dividends= $58,900*70%
current year total dividends=$41,230.00
current dividend per share=current year total dividends/shares outstanding
current dividend per share=$41,230.00/25,000
current dividend per share=$1.6492
expected dividend=current dividend per share*(1+growth rate)
growth rate of dividends forever=5%
expected dividend=$1.6492*(1+5%)
expected dividend=$1.73166
share price=expected dividend/(cost of equity-growth rate)
cost of equity=12%
share price=$1.73166/(12%-5%)
share price=$24.74
what is enterprenuer
Answer:
person who have an idea to start a business
Answer:
a person who starts up a business in order to make profit
a. Balance sheet accounts are arranged into ______ general categories. b. Common Stock and Dividends are examples of ______ accounts. c. Accounts Payable and Note Payable are examples of ______ accounts. d. Accounts Receivable, Prepaid Accounts, Supplies, and Land are examples of ______ accounts. e. A(n) ______ is a record of increases and decreases in a specific asset, liability, equity, revenue, or expense item.
Answer:
a. Three (3).
b. Equity.
c. Liability.
d. Asset.
e. Account.
Explanation:
a. Balance sheet accounts are arranged into three general categories. These are asset, liability and equity.
b. Common Stock and Dividends are examples of equity accounts.
c. Accounts Payable and Note Payable are examples of liability accounts.
d. Accounts Receivable, Prepaid Accounts, Supplies, and Land are examples of asset accounts.
e. An account is a record of increases and decreases in a specific asset, liability, equity, revenue, or expense item.
a. Balance sheet accounts are arranged into three general categories. b. Common Stock and Dividends are examples of equity accounts. c. Accounts Payable and Note Payable are examples of liability accounts.
An account is a record of the financial transactions. It shows a category or item that keeps the financial transactions and balances related to a particular asset, liability, equity, revenue, or expense. Accounts are mostly classified into three main categories (assets, liabilities, and equity) on a balance sheet.
d. Accounts Receivable, Prepaid Accounts, Supplies, and Land are examples of asset accounts. e. An account is a record of increases and decreases in a specific asset, liability, equity, revenue, or expense item.
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how do i give brainlyest
Answer:
when you ask a question and you get one answer you cant give someone brainliest until another person answers and after two people answer you chose which one is the best by clicking the little crown in the upper right corner of their answers
Explanation:
Wheat is one of the most important farm products in the United States. Many farmers grow wheat. Many companies buy wheat for breakfast cereals, bread, flour, and other products. Wheat is a commodity—the same product no matter who grows it. Information about wheat output and prices is widely available. In any given year, farmers may grow wheat or some other crop. Buyers may switch to other grains if wheat prices rise too high. Is this an example of perfect competition? Why or why not?
Yes, this is an example of perfect competition because there are many farmers growing wheat and many companies buying it. Wheat is a homogeneous product, meaning that it is the same no matter who grows it, and information about wheat output and prices is widely available.
This means that buyers have perfect information about the market and can easily switch to other grains if wheat prices rise too high. Additionally, there are no barriers to entry or exit for farmers or buyers, so new farmers and companies can easily enter the market and compete with existing ones.
Furthermore, since wheat is a commodity, the price is determined by the market forces of supply and demand. This means that no single farmer or company has control over the price, and they must all accept the market price. The market price reflects the marginal cost of production for each farmer, ensuring that resources are allocated efficiently.
In conclusion, the wheat market is a good example of perfect competition due to the large number of farmers and buyers, homogeneous product, perfect information, no barriers to entry or exit, and price determined by market forces.
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If I read 12 pages in 15 minutes how many pages while I read in two hours
Answer:
96 pages in two hours
Explanation:
You can read 48 pages in 1 hour because 15 x 4 is 60, and 12 x 4 is 48. So you just double 48 and you get 96.
A long-term incentive is a type of
incentive given to employees that
is designed to be paid over
or longer.??
A firm's average product tends to?
A firm's average product (AP) is the total output produced by the firm divided by the quantity of input used to produce it. In other words, it measures the average amount of output that can be produced with each unit of input.
What is tendency?
The tendency of a firm's average product will depend on the specific production process and the level of inputs used. Generally, when a firm first starts to increase its input of a particular factor of production (e.g. labor or capital), the average product of that factor will also increase up to a certain point. This is because the additional input is contributing more to the output than the previous unit of input.
However, as the level of input continues to increase, the average product of that factor will eventually start to decline.
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complete question:
What is the tendency of a firm's average product?
expalin how foreign employment contributes to spurring nation economy
1) Country can get lots of foreign currency as the remittance which can be used to establish industries in the country. Such industries provide job opportunities in the country. 2) People who go overseas to work can learn different skills and technologies which can be beneficial for the development of our own country.
Utility refers to Multiple Choice the benefits or customer value received by users of the product. the fixed costs associated with the production of a single unit of a product within a product line. the variable costs associated with the production of a single unit of a product within a product line. the adaptability of a marketing program to adjust to changes in the marketing environment. the number of alternative uses or benefits that can be provided by a single product or service.
Answer:
A. the benefits or customer value received by users of the product.
Explanation:
Utility refers to the benefits or customer value received by users of the product. This ultimately implies that, any satisfaction or benefits a customer derives from the use of a product or service is generally referred to as a utility. These utilities can be classified into four (4) main categories and these are;
1. Time utility: this is associated with the benefit or customer value received by users of a particular product when needed or at the right time.
2. Form utility: it is the satisfaction or benefits a customer receives from the provision of alternatives or production of close substitutes.
3. Possession utility: it involves making goods and services readily available for customers to purchase or use.
4. Place utility: it involves making a good provision of outlets or shops where customers can easily find or come to when purchasing products.
On average, our representatives enroll one customer every 3 hours, while top performers make one sale per hour. How would you plan your workweek to maximize your earnings?*
Plan your workweek to maximize your earnings Identify peak sales hours, Set ambitious goals, Allocate more time during high-performance hours, Continuous improvement, Efficient time management, Develop strong customer relationships, and Continuous learning.
To maximize earnings in this scenario, it is important to strategically plan the workweek and focus on increasing the number of customer enrollments. Here is a potential plan to maximize earnings:
1. Identify peak sales hours: Analyze the data and determine the hours or time slots when sales are most likely to occur. This could be based on historical data or observations of customer behavior. Allocate more time during these peak hours to capitalize on potential sales opportunities.
2. Set ambitious goals: Aim to achieve or exceed the performance of top performers by setting ambitious sales goals. This mindset will drive motivation and focus throughout the workweek.
3. Allocate more time during high-performance hours: Dedicate a larger portion of the workweek to the hours when top performers make one sale per hour. By increasing the number of hours during these periods, there is a higher likelihood of securing more customer enrollments.
4. Continuous improvement: Regularly analyze and reflect on sales techniques and strategies. Identify areas for improvement and seek ways to refine your approach. This could involve studying successful sales tactics, attending sales training sessions, or seeking feedback from experienced colleagues or mentors.
5. Efficient time management: Optimize time management skills to ensure productivity during working hours. Eliminate distractions, prioritize tasks, and maintain a focused and organized work environment. This will help maximize the number of customer interactions and increase the chances of securing enrollments.
6. Develop strong customer relationships: Emphasize building rapport and establishing strong connections with potential customers. Focus on active listening, understanding their needs, and providing personalized solutions. By developing trust and fostering positive relationships, the likelihood of successful enrollments can increase.
7. Continuous learning: Stay updated on industry trends, product knowledge, and competitor offerings. This will enable you to effectively address customer inquiries, overcome objections, and provide value-added insights during sales interactions.
By implementing these strategies, planning the workweek to prioritize peak sales hours, setting ambitious goals, improving sales techniques, and managing time efficiently, you can increase the likelihood of maximizing earnings by securing a higher number of customer enrollments.
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Chester has negotiated a new labor contract for the next round that will affect the cost for their product Camp. Labor costs will go from $3.79 to $4.39 per unit. Assume all period and other variable costs remain the same. If Chester were to absorb the new labor costs without passing them on in the form of higher prices, how many units of product Camp would need to be sold next round to break even on the product?
Complete Question:
Chester has been selling widgets for $10, total variable costs are $4.40 and fixed costs are $100,000.
Chester has negotiated a new labor contract for the next round that will affect the cost for their product Cid. Labor costs will go from $2.79 to $3.39 per unit. Assume all period and other variable costs remain the same.
If Chester were to absorb the new labor costs without passing them on in the form of higher prices, how many units of product Cid would need to be sold next round to break even on the product?
Answer:
Chester
Break-even point = Fixed costs/Contribution margin per unit
= $100,000 / $5
= 20,000 units
Explanation:
a) Data and Calculations:
Selling price = $10
Old variable cost = $4.40
Additional variable cost = $0.60
New variable costs = $5 ($4.40 + $0.60)
Contribution per unit = Selling price minus variable cost per unit
= $5 ($10 - $5)
Fixed costs = $100,000
b) Chester's Break-even point (in units) is the number of units of a product Camp that Chester requires to sell in order to recover her fixed costs. The information provided by break-even analysis guides Chester in making decisions for the production of Camps and its marketing. Without identifying the units of Camp to be produced and sold in order to remain in business, all things being equal, Chester might short-produce or short-sell Camps and run the business unprofitably.
When we use same chopping board for raw meat and other products the contamination is known as?
Answer: cross contamintation
Explanation:
4.3 List two types of capital.
Answer:
financial and human
Simon is a manager in a manufacturing unit. He grades the inventory according to the products’ level of importance while storing them. Which technique of controlling inventory costs does Simon follow?
A : just in time
B: maintaining safety stock
C: ABC classification
D: following economic order quantity
Answer:
C: ABC classification
Explanation:
i took the test on edmentum / plato
i) Calculate the market value of each component of capital structure. Use the value of (1.06)40 = 1.51225 wherever required. ii) Determine the cost of each component of capital structure. Calculation of the cost of equity shall be based upon the bond-yield risk premium approach. iii) Ascertain the company's weighted average cost of capital assuming no new equity
To calculate the market value of each component of the capital structure, we need the following information:
The number of shares outstanding (common stock)
The market price per share (common stock)
The par value per share (preferred stock)
The dividend rate (preferred stock)
The face value of the bond issue (debt)
The coupon rate (debt)
The number of years to maturity (debt)
Assuming the following values:
Number of shares outstanding = 500,000
Market price per share = $60
Par value per share = $100
Dividend rate = 8%
Face value of the bond issue = $10,000,000
Coupon rate = 10%
Number of years to maturity = 10
We can calculate the market value of each component as follows:
Common stock:
Market value of common stock = Number of shares outstanding x Market price per share
Market value of common stock = 500,000 x $60
Market value of common stock = $30,000,000
Preferred stock:
Market value of preferred stock = Number of shares outstanding x Par value per share
Market value of preferred stock = 500,000 x $100
Market value of preferred stock = $50,000,000
Debt:
Market value of debt = Face value of bond issue x (1 - 1 / (1 + r)^n) / r + Face value of bond issue / (1 + r)^n
where r = coupon rate, n = number of years to maturity
Market value of debt = $10,000,000 x (1 - 1 / (1 + 0.10)^10) / 0.10 + $10,000,000 / (1 + 0.10)^10
Market value
Theories of Work Motivation Your Company provides diversity training programs to ensure that employees realize the importance of working with a diverse workforce, are aware of the equal employment opportunity legislation, and are capable of addressing the challenges of working in a multicultural workforce. Participation in these programs is mandatory, and employees are required to take the training as many times as needed until they pass. The training program lasts one day and is usually conducted in a nice hotel outside the workplace. Employees are paid for the time they spend in the training program. You realise that employees are not motivated to perform well in this program. During the training, they put in the minimum level of effort, and most participants fail the examination given at the conclusion of the training program and then have to retake the training. Adapted from:
Question 1 Instructions: This assignment should be submitted as an essay and include the following:
a. A definition of process theories of work motivation.
b. Use expectancy and reinforcement theories, and explain four reasons (supported by the literature) why the employees may not be motivated to perform well in the training program.
c. Suggest improvements in the program so that employees are motivated to understand the material, pass the examination, and apply the material in the workplace.
Work motivation is said to emanate from with an employee who is with a passion and desire in order to work and produce the desired results. So, the work motivation theory is the study in order to understand what drives a person to work towards a particular goal or outcome.
Suppose if an employee has piles of work which is already stacked on their desk, such things that are already there will take precedence over training. So, while developing their skills with work motivation will benefit them more in the long run.
There are certain ways in order to motivate employees to engage in a training program, which are, by making training a practical and job-relevant. make training a company priority, by employing gamification strategies, etc.
Hence, through this, employees will be motivated to understand the material, pass the examination, and apply the material in the workplace.
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What is a direct consequence of a small business using deceptive advertising practices?
O loss of quality employees
O fines and/or lawsuits
O paying higher business taxes
Oowing workers' compensation
Answer:
fines and/or lawsuits
Explanation:
The FTC Act prohibits unfair or deceptive advertising in any medium. That is, advertising must tell the truth and not mislead consumers
_____ can be used for up to 90 percent of its assessed value.
Real estate
Accounts receivable
Insurance policies
Equipment
(ONLY ANSWER IF YOU ACTUALLY KNOW)
design an approach that your team would recommend for Joseph and Nicholas to cover one area each that you deem necessary to aid in the planning and controlling functions
The combines strategic planning, performance measurement, effective communication, and continuous improvement to support Joseph and Nicholas in their planning and controlling functions. It ensures a well-defined direction, data-driven decision-making, collaboration, and a focus on growth and adaptability.
In order to aid in the planning and controlling functions, the following approach can be recommended to Joseph and Nicholas:
1. Establish Clear Objectives and Goals: The first step in planning is to establish clear objectives and goals for the team. It is important to have a clear understanding of what needs to be accomplished and what the team's priorities are.
2. Assign Responsibilities: Assigning specific responsibilities to team members helps to ensure that everyone is working towards a common goal. Joseph and Nicholas should each be assigned to cover one area that is necessary for planning and controlling functions. This will help to ensure that all aspects of the project are covered and that there is no overlap or duplication of efforts.
3. Develop a Schedule: Developing a schedule that outlines the key milestones and deadlines for the project is essential to effective planning and control. This will help to ensure that the project stays on track and that deadlines are met.
4. Monitor Progress: Regularly monitoring progress against the schedule and objectives is necessary to ensure that the project is progressing as planned. This will help to identify any issues or problems that arise and allow for corrective action to be taken.
5. Communicate: Effective communication is critical to the success of any project. Joseph and Nicholas should establish a regular communication schedule to ensure that everyone is up-to-date on the project's progress, any issues or problems that arise, and any changes to the schedule or objectives.
6. Make Adjustments: Finally, it is important to be flexible and make adjustments as needed. If the project is not progressing as planned, adjustments may be necessary to the schedule or objectives to ensure that the project stays on track and that goals are met.
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Which of the following is an example of a macroeconomic statement?
Lay-offs have led to increasing unemployment in the RV industry.
John Smith was recently laid off from his job at Thor.
The Elkhart County unemployment rate is 2%.
The national unemployment rate is 4%.
Answer:
The national unemployment rate is 4%
Explanation:
The following statement is an example of a macroeconomic statement: "The national unemployment rate is 4%."
A macroeconomic statement refers to an economic statement or analysis that focuses on the broader economy as a whole rather than on individual markets or companies. In this case, the statement about the national unemployment rate refers to the overall labor market in the country and not to a specific company or industry. The other statements are either about an individual's experience (John Smith's layoff) or a specific regional unemployment rate (Elkhart County's unemployment rate).
underapplied or overapplied overhead is the blank . multiple choice question. same as actual overhead sum of overhead applied to jobs and actual overhead difference between overhead applied to jobs and actual overhead total overhead applied to work in process
The underapplied or overapplied overhead is the sum of overhead applied to jobs and the actual overhead.
What is actual overhead?Actual overhead refers to the actual costs incurred in the production process that are not directly tied to the cost of the final product. It includes indirect costs such as indirect labor, indirect materials, indirect expenses, and indirect taxes. These indirect costs cannot be traced directly to a particular product, but are still necessary for the production process to occur. Actual overhead is calculated by adding up all the indirect costs incurred during the production process. This information is then used to determine the cost of the final product. It is important to accurately calculate actual overhead as it helps businesses to identify areas where they can reduce costs and increase efficiency. This information also helps in pricing products, determining profit margins, and making informed business decisions.
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What type of a partnership comes to an end after a notice of withdrawal by the partner?
Dissolution of partnership deed is the type of a partnership comes to an end after a notice of withdrawal by the partner.
What is partnership?A partnership refers to an agreement in which parties, known as business partners, agree to work together to further their mutual interests. Partnership partners are individuals, businesses, interest-based organizations, schools, governments, or a combination thereof. A partnership firm is by definition two or more people of hers who agree to combine resources to start a business and share in risks, profits and losses.Examples of joint partnerships consists of law firms, medical groups, real estate investment firms, and accounting groups. A partnership is an agreement between two or more people to oversee business operations and share profits and liabilities. In a general partnership all shareholders share both profits and liabilities. Freelancers such as doctors and lawyers often form limited liability companies.To learn more about partnership from the given link :
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Annual starting salaries for college graduates with degrees in business administration are generally expected to be between 10000 and 50000. Assume that a 95 confidence interval estimate of the population mean annual starting salary is desired
Answer:
1) the planning value for the population standard deviation is 10,000
2)
a) Margin of error E = 500, n = 1536.64 ≈ 1537
b) Margin of error E = 200, n = 9604
c) Margin of error E = 100, n = 38416
3)
As we can see, sample size corresponding to margin of error of $100 is too large and may not be feasible.
Hence, I will not recommend trying to obtain the $100 margin of error in the present case.
Step-by-step explanation:
Given the data in the question;
1) Planning Value for the population standard deviation will be;
⇒ ( 50,000 - 10,000 ) / 4
= 40,000 / 4
σ = 10,000
Hence, the planning value for the population standard deviation is 10,000
2) how large a sample should be taken if the desired margin of error is;
we know that, n = [ ( × σ ) / E ]²
given that confidence level = 95%, so = 1.96
Now,
a) Margin of error E = 500
n = [ ( × σ ) / E ]²
n = [ ( 1.96 × 10000 ) / 500 ]²
n = [ 19600 / 500 ]²
n = 1536.64 ≈ 1537
b) Margin of error E = 200
n = [ ( × σ ) / E ]²
n = [ ( 1.96 × 10000 ) / 200 ]²
n = [ 19600 / 200 ]²
n = 9604
c) Margin of error E = 100
n = [ ( × σ ) / E ]²
n = [ ( 1.96 × 10000 ) / 100 ]²
n = [ 19600 / 100 ]²
n = 38416
3) Would you recommend trying to obtain the $100 margin of error?
As we can see, sample size corresponding to margin of error of $100 is too large and may not be feasible.
Hence, I will not recommend trying to obtain the $100 margin of error in the present case.