Answer:
Dr. Treasury Stock $700 million
Cr. Cash $700 million
Dr. Cash $2,000 million
Cr. Add-in-Capital Treasury Stock $500 million
Cr. Treasury Stock $1,500 million
Explanation:
Treasury stocks are the company's own shares which is repurchased by the company. It is recorded in treasury shares account which is an contra equity account. I can be reissued or cancelled by the company.
Purchase of Treasury Stock
Treasury Stock = $700 million
Sales of Treasury Stock
Cash Receipt = $2,000
Treasury Stock = 5 million x $300 = $1,500
Paid-in capital - Treasury stock = $2,000 - $1,500 = $500
Project: Planning for Retirement
a retirement chart
There are many ways to save for retirement: putting money away into a treasure chest, purchasing gold nuggets, investing in real estate, or financial assets. The method that is right for you depends on your income as well as your personal preferences, such as risk tolerance. You can compare different methods and approximate your savings at retirement to help you determine the option that best suits your personal needs and preferences. It is a good idea to approximate the income you will need at retirement before you start investing. This is where retirement planning becomes important to consider. How much money do you think you would need to retire by age 67? Which investment options are the most profitable when saving for retirement?
In this project, you will explore how to construct a retirement plan and consider the various investment options that are financially beneficial as it pertains to retirement
OBJECTIVES
Construct a retirement plan given a yearly salary.
Compare investment options to determine the most financially beneficial option for a given situation.
To construct retirement plan, you can start by creating the retirement chart.
What is a retirement plan?A retirement plan is a financial strategy that helps individuals save and invest for their retirement years. This plan can be a combination of employer-sponsored plans like 401(k) or individual retirement accounts (IRAs). The main objective of a retirement plan is to accumulate enough funds to provide a regular income in retirement. Retirement plans typically involve contributing a portion of your earnings into an investment account that grows over time. The contributions can be tax-deductible, and the earnings grow tax-free until you start withdrawing the money in retirement. The plan may also have restrictions and penalties for early withdrawals. A well-designed retirement plan can help ensure a comfortable retirement with financial security, and it's essential to start saving and investing early to maximize the benefits of the plan.
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3 factors that caused human trafficking
Answer:
Mass eviction, war, extreme poverty, a lack of access to education and work prospects, violence, and destructive societal norms such as child marriage are all elements that drive people into trafficking situations.
Explanation:
The fund has 49,000 shares and liabilities of $124,000. Assume the fund is sold with a front-end load of 2.5 percent. What is the offering price of the fund
Answer: $49.81
Explanation:
The offering price is calculated as:
= NAV per share / (100 - front-end load)
NAV per share = (Value - liabilities) / Number of shares
= [ ( 12,000 * 86) + (32,000 * 15) + (3,500 * 69) + (75,000 * 10) - 124,000] / 49,000 mutual fund shares
= 2,379,500 / 49,000
= $48.56
Offering price = 48.56 / (100 - 2.5%)
= $49.81
1. If 26,000 units are produced and sold, what is the variable cost per unit produced and sold?
2. If 35,500 units are produced and sold, what is the variable cost per unit produced and sold?
3. If 26,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
4. If 35,500 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
5. If 26,000 units are produced, what is the average fixed manufacturing cost per unit produced?
6. If 35,500 units are produced, what is the average fixed manufacturing cost per unit produced?
7. If 26,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production?
8. If 35,500 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production?
1. The variable cost per unit produced is $22.00.
2. The variable cost per unit produced is $22.00.
3. The total variable costs for units produced is $572,000.
4. The total variable costs for units produced is $781,000
5. The average fixed manufacturing cost per unit is $7.81.
6. The average fixed manufacturing cost per unit is $5.72.
7. The total fixed manufacturing cost is $202,950.
8. The total fixed manufacturing cost is $202,950.
Data and Calculations:
Relevant production range = 26,000 to 35,500 units
Average production and sales units = 30,750 units
Average Variable Costs:
Direct materials $ 8.60
Direct labor $5.60
Variable manufacturing overhead $ 3.10 $17.30
Sales commissions $ 2.60
Variable administrative expense $ 2.10 $4.70
Total variable costs $22.00 $22.00
Fixed Costs:
Per Unit Total
Fixed manufacturing overhead $ 6.60 $202,950 ($6.60 x 30,750)
Fixed selling expense $ 5.10 $156,825 ($5.10 x 30,750)
Fixed administrative expense $ 4.10 $126,075 ($4.10 x 30,750)
Total fixed costs for 30,750 units $485,850
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The following question may be like this:
Kubin Company’s relevant range of production is 26,000 to 35,500 units. When it produces and sells 30,750 units, its average costs per unit are as follows:
Average Cost per Unit
Direct materials $ 8.60
Direct labor $ 5.60
Variable manufacturing overhead $ 3.10
Fixed manufacturing overhead $ 6.60
Fixed selling expense $ 5.10
Fixed administrative expense $ 4.10
Sales commissions $ 2.60
Variable administrative expense $ 2.10
Required:
1. If 26,000 units are produced and sold, what is the variable cost per unit produced and sold?
2. If 35,500 units are produced and sold, what is the variable cost per unit produced and sold?
3. If 26,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
4. If 35,500 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
5. If 26,000 units are produced, what is the average fixed manufacturing cost per unit produced?
6. If 35,500 units are produced, what is the average fixed manufacturing cost per unit produced?
7. If 26,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production?
8. If 35,500 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production?
the study of business law does not involve an ethical dimension. t or f
It is true that study of the business law does not involve an ethical dimension.
What is business law?All the laws that specify how to establish and operate a business are included in the category of "business law." This covers every law that controls how to launch, acquire, run, close, or sell any kind of business. All firms must abide by the laws governing business. A competent businessperson will have a general understanding of business regulations and know when to see a licenced attorney. State, federal, and administrative regulations are all included in business law. Company law spends a lot of time discussing various business groups. Each type must be formed and operated in accordance with specific legislation. Laws governing organisations like corporations, partnerships, and limited liability firms are included in this.
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Graph titled Quantity Supplied versus Price. The x axis is labeled in 500 unit increments from 0 to 3000. Y axis goes from 0 to 0.30 dollars in increments of 0.05. A blue line starts at 500, 0.05 and ascends at an angle upward to 2500, 0.25.
Which scenario does this graph illustrate? (4 points)
Companies need to maximize production, so they will produce less and charge more.
Companies want to make money, so they increase production as price increases.
Consumers need to spend wisely, so they will purchase more goods at a lower cost.
Consumers want a good deal and will pay more money for a quality product.
An increase in demand and a decrease in supply
Explanation:The point of equilibrium is the meeting point of both demand and supply. in this case the demand curve shift rightward from the original demand curve DoDo to D1D1,the supply curve move leftward from SoSo to S1S1 .These changes in demand and supply curve will make equilibrium price to rise from P1 to P2 while equilibrium point moves from Eo to E1.
what are Five Reasons Why We Impulse Buy
Answer:
I want to implore business so are can get money
Answer:Enjoyment, Loss aversion, Thinking you have spotted a bargain, The need to stockpile, and Biased evaluation of use.
Explanation:
When you've provided goods or services to customers, which of the following should
you add to the invoice?
Answer:
your time
Explanation:
you didn't list the answers but if I was to take a guess I would say charge for time
Assume the risk-free rate is 8% and the expected rate of return on the market is 18%. A share of stock is now selling for $100. It will pay a dividend of $9 per share at the end of the year. Its beta is 1. What do investors expect the stock to sell for at the end of the year
The price of the investors can expect the stock to be sold at the end of the year is $109.
The price of the investors can expect the stock to be sold at the end of the year can be determined using this formula:
Stock price = d1 / (r - g)
d1 = next dividend to be paid = $9
r = cost of equity
g = dividend growth rate
The cost of equity would be determined using the capital asset pricing model:
Risk free rate + beta(market rate of return - risk free rate)
8% + 1(18% - 8%) = 18%
The dividend growth rate can be determined using this equation:
100 = $9 / ( 18% - g)
g = 9%
Stock price = $9(1 + 0.9) / (0.18 - 0.09)
9.81 / 0.09 = $109
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Multiple Choice Question
What contribution did the early Venetians make to the practice of management?
O Describing the importance of leadership in The Art of War
O Considering the role of specialization in a manufacturing setting
O Standardizing production with assembly lines and inventory controls
O Being the first to recognize management as a scientific practice
The early Venetians make Standardizing production with assembly lines and inventory controls the practice of management.
Venetian traders were influential financiers in Europe. The city was also the birthplace of awesome European explorers, which includes Marco Polo, as well as Baroque composers inclusive of Antonio Vivaldi and Benedetto Marcello, and well-known painters which include the Renaissance master Titian.
The Republic of Venice or the Venetian Republic, historically referred to as Los Angeles Serenissima changed into a sovereign nation and maritime
Venetian is a separate language from Italian, with many neighborhood varieties. Its precise location in the Romance language circle of relatives remains extremely debatable.
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Project: Career Assessment
Assignment Directions:
List five careers that you can envision yourself pursuing (perhaps in the business or legal profession):
Explain in three to four paragraphs why you have chosen these careers in particular and what additional education or experience will help you land a job in one of these fields.
When applying for a federal government position, applicants typically have to contribute a summary of their particular knowledge, skills, and assessments (KSAs). What are your particular KSAs above for the jobs that you have listed?
The length of this project should be at least 750 words.
Assignment Guidelines:
Your response must include the following:
Follow the instructions provided above.
Show that you put some thought into your career selections and answers.
Indicate that you spent some time considering what your KSAs are.
Proofread for spelling, grammar, and punctuation.
Use complete sentence structure and standard written English. Do not use texting abbreviations or other shortcuts.
In this career assessment, the I consider five professions that I can envision myself pursuing, mainly in the fields of business and law. In this response, I will explain the reasons behind his career choices.
What are these career choices?1. Business Development Manager:
A career as a business development manager appeals to me because of its dynamic and versatile nature. Pursuing an MBA with a focus on strategy and marketing will give you a comprehensive understanding of market dynamics, financial analysis and effective leadership. Gaining experience in sales and project management will improve your ability to drive revenue growth and navigate complex business environments.
2. Human Resources Manager:
I have a strong interest in human resources (HR) due to its vital role in fostering a positive work environment and supporting employee well-being. My KSAs for this role include exceptional interpersonal and communication skills, a deep understanding of employment laws and regulations, and the ability to handle sensitive employee issues with confidentiality and professionalism.
3. Intellectual Property Lawyer:
The intersection of law and innovation has always fascinated me, which is why I am drawn to a career as an Intellectual Property (IP) Lawyer. My KSAs for this role include strong analytical and research skills, excellent written and oral advocacy skills, and the ability to understand complex legal concepts and apply them to real-world scenarios.
4. Management Consultant:
As a problem solver with a passion for making a positive impact, a career as a Management Consultant holds great appeal. My KSAs for this role include strong critical thinking and analytical skills, effective communication and presentation abilities, and a keen understanding of business processes and organizational dynamics.
5. Corporate Lawyer:
A career as a Corporate Lawyer aligns with my interest in law, business, and complex problem-solving. My KSAs for this role include strong legal research and writing skills, attention to detail, excellent negotiation skills, and the ability to work under pressure and meet deadlines.
Summary of KSAs:
Throughout the selection of these careers, I have identified a range of knowledge, skills, and assessments (KSAs) that contribute to my suitability for each role:
1. Strong communication and negotiation skills
2. Strategic mindset
3. Interpersonal and empathy skills
4. Analytical and problem-solving abilities
5. Research and writing skills
6. Attention to detail
7. Adaptability and flexibility.
Conclusion:
Pursuing additional education such as an MBA, JD, or professional master's degree, combined with relevant experience through an internship will give you the practical knowledge and skills you need to excel in this field. Her KSA's include strong communication, strategic thinking, analytical skills and interpersonal skills.
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A new sports car sells for $40,000. The value of the car decreases by 12% annually. After how many years will it be worth half of its selling price
Answer:
n= 6.11 years
Explanation:
Giving the following information:
Present value= $40,000
Future value= $20,000
Decrease rate= 0.12
To calculate the number of years for the car to reach a value of $20,000; we need to use the following formula:
n= ln(FV/PV) / ln(1+i)
n= ln(20,000/40,000) / ln(1.12)
n= 6.11 years
Gerald owns 465 shares of stock, with a basis of $2,831. The stock split 3 for 1. Gerald now owns ______ shares at ______ per share.
Answer:
Gerald now owns 1,395 shares at $2.03 per share.
Explanation:
Gerald originally owned 465 stocks, but after the stock split he will own 465 x 3 = 1,395 stocks. His basis though will not change, it will be the same $2,831. So the basis per share = $2,831 / 1,395 stocks = $2.029 ≈ $2.03 per stock. Stock splits do not alter the basis of a portfolio, it only increases the total number of stocks.
The amount of shares Gerald now owns is 1,395 shares and the price per share is $2.03.
When there is a stock split, the number of stock outstanding is increased by a constant number. When there is a stock split 3 for 1, for every 1 stock a shareholder owns, the shareholder now owns 3 stocks.
Number of shares owned = 465 x 3 = 1,395 shares
When there is a stock split, the value of the stock declines per share.
Value per share = $2831 / 1395 = $2.03
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There are zero coupon bonds outstanding that have a YTM of 5.97 percent and mature in 19 years. The bonds have a par value of $10,000. If we assume semiannual compounding, what is the price of the bonds
Answer:
market price = $1,104.20
Explanation:
yield to maturity of zero coupon bonds = (face value / market price)¹/ⁿ - 1
YTM = 5.97%n = 19 x 2 = 38face value = $10,000(face value / market price)¹/ⁿ = YTM + 1
face value / market price = (YTM + 1)ⁿ
market price = face value / (YTM + 1)ⁿ
market price = $10,000 / 1.0597³⁸ = $10,000 / 9.0563 = $1,104.20
The following balances were extracted from the books of VE Enterprise on 31 December 2021.
Particular RM RM
Capital 50,000
Motor vehicles 90,000
Fixtures & fittings 48,500
Inventory as at 1 January 2021 32,200
Allowance for doubtful debts 500
Accumulated depreciations as at 1 January 2021:
Motor vehicles 16,000
Fixtures & fittings 10,400
3% fixed deposit 30,000
4% bank loan 50,000
Sales 199,070
Purchases 73,500
Sales returns 2,050
Purchases returns 2,120
Discount allowed 2,550
Discount received 2,830
Account receivables 37,700
Account payables 48,650
Carriage inwards 3,570
Interest received 450
Commission received 2,600
Salaries 16,100
Electricity bills 5,400
Custom duty on purchases 3,000
Insurances 450
Maintenance expenses 3,300
Drawing 2,300
Cash in hand 6,800
Cash at bank 25,200
Additional information:
1. Inventory as at 31 December 2021 18,180
2. Depreciation for the year ended 31 December 2021 has yet to be provided as follows:
a. Fixtures & fittings: 10% using straight line method
b. Motor vehicles:15% using reducing balance method.
3. Electricity bills was paid in advanced by RM500. Meanwhile RM400 commission are not
received yet.
4. One of the customers Amri Sport Enterprise was declare bankrupt and unable to pay the
debt amount RM700
5. The provision for doubtful debts is to be adjusted to 5% based on remaining account
receivables
6. Salaries are accrued by RM140.
3
7. ‘Purchases’ include goods valued at RM1,040 that were withdrawn by Azwin for her own
personal use.
Required:
a) Prepare Income Statement for the year ended 31 December 2021
(15 marks)
b) Prepare Statement of Financial Position as at 31 December 2021
a. The Income Statement for the year ended 31 December 2021 is RM80,360.
b. The Statement of Financial Position as at 31 December 2021 is RM206,645.
a) Income Statement for the year ended 31 December 2021:
Sales: RM199,070
Less: Sales returns: RM2,050
Net Sales: RM197,020
Cost of Goods Sold:
Opening Inventory: RM32,200
Purchases: RM73,500
Less: Purchases returns: RM2,120
Add: Carriage inwards: RM3,570
Goods Available for Sale: RM107,150
Less: Closing Inventory: RM18,180
Cost of Goods Sold: RM88,970
Gross Profit: RM197,020 - RM88,970 = RM108,050
Operating Expenses:
Discount allowed: RM2,550
Salaries: RM16,100 + RM140 = RM16,240
Electricity bills: RM5,400 - RM500 = RM4,900
Custom duty on purchases: RM3,000
Insurances: RM450
Maintenance expenses: RM3,300
Total Operating Expenses: RM30,340
Net Profit before Non-operating Items:
Gross Profit - Operating Expenses: RM108,050 - RM30,340 = RM77,710
Non-operating Items:
Interest received: RM450
Commission received: RM2,600 - RM400 = RM2,200
Total Non-operating Items: RM2,650
Net Profit before Tax:
Net Profit before Non-operating Items + Total Non-operating Items: RM77,710 + RM2,650 = RM80,360
b) Statement of Financial Position as at 31 December 2021:
Assets:
Non-current Assets:
Motor vehicles: RM90,000 - (RM90,000 * 15%) = RM76,500
Fixtures & fittings: RM48,500 - (RM48,500 * 10%) = RM43,650
Total Non-current Assets: RM120,150
Current Assets:
Inventory: RM18,180
Account receivables: RM37,700 - (RM37,700 * 5%) - RM700 = RM35,815
Prepaid electricity bills: RM500
Cash in hand: RM6,800
Cash at bank: RM25,200
Total Current Assets: RM86,495
Total Assets: RM206,645
Liabilities and Equity:
Equity:
Capital: RM50,000
Retained Earnings: RM80,360
Total Equity: RM130,360
Current Liabilities:
Account payables: RM48,650
Bank loan: RM50,000
Total Current Liabilities: RM98,650
Total Liabilities and Equity: RM206,645
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Vermpotta, a company that manufactures glassware, has its factories in developing countries where labor costs are low. The quality of the company's products manufactured at its factory in the country of Octofia has been consistently low. Antonio, the company's chief operating officer, worked out of the Octofia factory for a month to find the root cause of this problem. After much deliberation, Antonio decided that the factory needs to be moved to an industrial area in the capital of Octofia. In the context of managerial roles, which of the following decisional roles does Antonio illustrate in this scenario?
The disturbance handler role, managers in this position must make decisions regarding erratic, stressful situations that are out of their control.
What are Decisional Roles?
Managerial responsibilities that require managers to make thoughtful judgments quickly and for the benefit of the organization are known as decisional roles. Managers must assess their options and available possibilities before selecting the most strategic.
According to Mintzberg, a manager has 10 distinct managerial responsibilities: spokesman, resource allocator, disturbance handler, figurehead, monitor, disseminator, leadership, and liaison.
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First to respond with what points are and what they do on Brainly gets 100 points.
Answer:
You need points in order to ask questions. You get points by answering questions. It's the cycle of.... help to be helped, I guess.
Answer:
on brainly i help people and get answers
Users need to use points to post a question
Explanation:
TB MC Qu. 16-98 At the beginning of the recent... At the beginning of the recent period, there were 1,020 units of product in a department, 35% completed. These units were finished and an additional 5,400 units were started and completed during the period. 960 units were still in process at the end of the period, 25% completed. Using the weighted average method, the equivalent units produced by the department were: Multiple Choice
Answer:
I will need more information
Explanation:
Consider the following information for stocks A, B, and C. The returns on the three stocks are positively correlated, but they are not perfectly correlated. (That is, each of the correlation coefficients is between 0 and 1.)
Stock Expected Return Standard Deviation Beta
A 8.60% 14% 0.8
B 9.95 14 1.1
C 11.75 14 1.5
Fund P has one-third of its funds invested in each of the three stocks. The risk-free rate is 5%, and the market is in equilibrium. (That is, required returns equal expected returns.)
Required:
a. What is the market risk premium?
b. What is the beta of Fund P?
c. What is the required return of Fund P?
d. Would you expect the standard deviation of Fund P to be less than 15%, equal to 15% or greater than 15%? Explain.
Question attached
Answer and Explanation:
Find attached
You and your best friend decide you would like to open a coffee shop. Create a sample logo, showcasing the name of your coffee shop. Determine the most appropriate way to protect your business name and logo through choosing the applicable intellectual property law.
Follow these steps to complete this activity. You will choose a name, create a logo with your preferred design program, and fill out a sample application for protecting your intellectual property.
Step 1: Create a name and relevant logo
Decide on a name for the coffee shop.
Using your preferred design program, create a relevant logo.
Step 2: Choose intellectual property law and do online research
Determine which intellectual property law applies to protecting names and logos.
Go online to your state’s government site.
Find applications to register and protect intellectual property.
Step 3: Complete application
Download the appropriate application.
Fill it out as if you planned to submit it.
To protect the name and logo of a coffee shop, one should choose the appropriate intellectual property law and complete the necessary application.
To protect their business name and logo, the owners should choose the applicable intellectual property law, such as trademarks or copyrights.
What steps must we follow to fill the application out as if you planned to submit it?To complete the application for protecting the name and logo of your coffee shop, you can start by researching the relevant intellectual property law that applies to your situation.
Trademarks are the most common form of protection for business names and logos, so you should research the trademark registration process and requirements. Visit the website of the United States Patent and Trademark Office (USPTO) to learn more about trademarks and fill out the appropriate application form.
The application will require basic information about your business, such as the name and address, as well as a description of the logo and its intended use. You will also need to pay the application fee, which varies depending on the type of application and the number of trademark classes you choose. Once you have completed the application, you can submit it online or by mail to begin the process of protecting your coffee shop's name and logo
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How does the practice of fractional reserve banking affect banks?
OA. It ensures that banks always have cash reserves equal to their
OB. It allows banks to keep only a small percentage of their deposits in
OC. It gives banks the freedom to change interest rates on loans at
total deposits.
reserve.
any time.
OD. It prevents banks from profiting off loans they provide with
deposited funds.
Answer:
It allows banks to keep only a small percentage of their deposits in reserve.
Explanation:
A fractional reserve system requires commercial banks to maintain only a percentage of their customer deposits at their custody at any time. It means that at any time, only a fraction of deposits will have physical cash backing. The commercial banks' regulator determines the fraction or percentage of deposits to be maintained.
The reserves maintained services to cater to regular and any abnormal withdrawals. Commercial banks usually loan out the other fraction to other customers. Reserves are also a monetary policy tool.
Answer:
Explanation:
It allows banks to keep only a small percentage of their
The additional components of the marketing mix for marketing a service does not include which of the following?
people
process
popularity
physical environment
The marketing mix comprises four primary elements: product, price, promotion, and place. However, when marketing services, some additional components are added to the mix. These components are known as the 7Ps of marketing and include people, process, and physical evidence (or physical environment).
Popularity, on the other hand, is not a component of the marketing mix for services. Popularity can be considered a byproduct of the marketing efforts and how successful they are in promoting the service to the target audience. Popularity is a measure of how well a service is known or recognized in the market.
People: This component of the marketing mix is concerned with the people involved in the delivery of the service. These people include the employees, staff, and other personnel involved in providing the service to the customers. These people are critical to the success of the service and need to be trained, managed, and motivated to provide excellent service.
Process: This component of the marketing mix is concerned with the procedures and processes involved in the delivery of the service. The process should be designed to ensure that the service is delivered consistently and efficiently, meeting the needs and expectations of the customers. A well-designed process can enhance the customer experience and help in creating a positive perception of the service.
Physical Environment: This component of the marketing mix is concerned with the physical environment in which the service is delivered. This environment can include the ambiance, decor, lighting, and other factors that contribute to the customer experience.
A well-designed physical environment can enhance the customer experience and contribute to the success of the service.
Popularity: Popularity can be considered a byproduct of the marketing efforts and how successful they are in promoting the service to the target audience. Popularity is a measure of how well a service is known or recognized in the market.
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4. True or False? Patchwriting is considered a form of plagiarism. (required) O True O False
The given statement " Patchwriting is considered a form of plagiarism." is True. Patchwriting is defined as copying or paraphrasing from a source text and then changing a few words or phrases while maintaining the overall structure and meaning of the original text.
While patchwriting may seem like a legitimate way of writing, it is still considered plagiarism because the writer is essentially using someone else's ideas and work without giving proper credit. This type of writing is a violation of academic integrity, which is why it is important for students to avoid patchwriting and instead use their own words to express their thoughts and ideas.
To avoid patchwriting, students can practice proper citation methods, such as citing sources and using quotation marks when using the exact words from a source text. Additionally, students can work on improving their paraphrasing skills, which involves using their own words to convey the same ideas as the original text without changing the meaning. By avoiding patchwriting, students can ensure that they are producing original and authentic work that is free from plagiarism.
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Which of these is NOT a role of financial institutions?
reducing transaction costs
diversifying assets to reduce risk
reducing information costs
increasing product demand
Reducing Information costs is not the role of Financial Institutions.
Financial institutions are crucial because they offer a market for money and assets, enabling effective capital allocation to the most beneficial uses. As an illustration, a bank accepts customer deposits and lends the money to borrowers. Without the bank acting as a middleman, it would be difficult for one person to discover a suitable borrower or understand how to manage the loan. As a result, the depositor can obtain interest through the bank. Investment banks similarly locate investors to whom they advertise a company's shares or bonds. Commercial banks, investment banks, insurance companies, and brokerage firms are the most typical categories of financial institutions.
These organizations provide both individual and business clients with a wide range of goods and services, including deposits.
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Keating Co. is considering disposing of equipment with a cost of $63,000 and accumulated depreciation of $44,100. Keating Co. can sell the equipment through a broker for $26,000 less 8% commission. Alternatively, Gunner Co. has offered to lease the equipment for five years for a total of $47,000. Keating will incur repair, insurance, and property tax expenses estimated at $10,000 over the five-year period. At lease-end, the equipment is expected to have no residual value. The net differential income from the lease alternative is
Answer:
$11,080
Explanation:
Calculation to determine what The net differential income from the lease alternative is
Using this formula
Equipment leased net differential income = Lease amount - Estimated expenses - Net sale of equipment
Let plug in the formula
Equipment leased net differential income= $47,000-$10,000-[$26,000-($26,000*8%)]
Equipment leased net differential income=$47,000-$10,000-($26,000-$2,080)
Equipment leased net differential income=$47,000-$12,000-$23,920
Equipment leased net differential income=$47,000-$35,920
Equipment leased net differential income=$11,080
Therefore The net differential income from the lease alternative is $11,080
NEED HELP ASAP
Cardinal Company is considering a five-year project that would require a $2,915,000 investment in equipment with a useful life of five years and no salvage value. The company’s discount rate is 16%. The project would provide net operating income in each of five years as follows:
Sales $ 2,863,000
Variable expenses 1,014,000
Contribution margin 1,849,000
Fixed expenses:
Advertising, salaries, and other fixed out-of-pocket costs $ 781,000
Depreciation 583,000
Total fixed expenses 1,364,000
Net operating income $ 485,000
14. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, which actually turned out to be 45%. What was the project’s actual payback period? (Round your answer to 2 decimal places.)
If the discount rate increases, then net present value will decrease.
So, you would expect the project's net present value to be lower.
How to solveInitial Investment = $2,915,000
Useful Life = 5 years
Annual Net Cash flows = Annual Net Operating Income + Depreciation
Annual Net Cash flows = $485,000 + $583,000
Annual Net Cash flows = $1,068,000
Answer 8.
Simple Rate of Return = Annual Net Income / Initial Investment
Simple Rate of Return = $485,000 / $2,915,000
Simple Rate of Return = 16.64%
Answer 5.
Present Value of Cash Inflows = $1,068,000 * PVA of $1 (16%, 5)
Present Value of Cash Inflows = $1,068,000 * 3.27429
Present Value of Cash Inflows = $3,496,941.72
Profitability Index = Present Value of Cash Inflows / Initial Investment
Profitability Index = $3,496,941.72 / $2,915,000
Profitability Index = 1.20
Answer 7.
Payback Period = Initial Investment / Annual Net Cash flows
Payback Period = $2,915,000 / $1,068,000
Payback Period = 2.73 years
Answer 9.
If the discount rate increases, then net present value will decrease.
So, you would expect the project's net present value to be lower.
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Which sentence best describes the irony in the passage?
It is ironic that Jim and Della will not be able to use their presents until the future.
It is ironic that Jim cannot use Della’s present because he sold his watch to get her present.
It is ironic that Jim wanted his present so badly but no longer wants it.
The sentence which best describe the irony in the passage is
that Jim cannot use Della’s present because he sold his watch to get her present.
That is best describe in the passage as they both have shown their immense feeling of emotions towards each other.
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F brown lent us 4000 giving us the money by cheque
Answer:
See below
Explanation:
This transaction is affecting the bank's balance and F brown accounts. It is increasing the bank balance( asset account) by 4000 and increasing accounts payable/F brown ( liabilities account) by 4000.
An increase in assets is debited while an increase in liabilities is credited.
The journal entry will be
Bank A/c Dr. 4000
F brown A/c 4000
Create Transactions, a Deposit and a Report
In this exercise, you will create all the transactions for April 8, 2026, and then create a bank deposit and
report.
1. Use this information to create the appropriate transactions:
• Esther Green paid her outstanding invoice with cheque #598.
• Roy Fisher decided to hire Melanie for the custom flower design for $550 and wants to be
invoiced; Melanie reminds you apply the credit.
• Karuna Ramachandran pays both of her outstanding invoices with debit.
• One of the birthday vases Sharon McColl bought in February had a crack, so Melanie wants to
create and apply a credit memo of $25, plus HST, before she pays her invoice. Sharon then pays
the new balance with cash.
Hint: Once you create the credit, it may apply automatically depending on your settings.
• Mary Beth Dunham made a recommendation to a friend of hers to hire Melanie for their
wedding. Melanie tells Mary Beth that if her friend hires her, Melanie will give Mary Beth $75
as a credit on her next invoice for the wedding arrangements. Enter the delayed credit on Mary
Beth’s account for Sharon’s wedding.
2. Melanie will take the cheques from today’s sales and all cash received to the bank and deposit
them. You will need to record a bank deposit for those items and any debit card payments that
were also received up through April 8 (the deposit amount should be $2,570.75). Then, run an
Open Invoices report and an Unbilled Charges report for all dates.
3. Export both reports to Excel and save to your Chapter 04 folder as: CH04 Open Invoices
and CH04 Unbilled Charges 2
Using QuickBooks Online, you must begin by clicking the " Receive Payments " option. Intuit created and sells the accounting software suite known as QuickBooks.
How can transactions be created in QuickBooks?
The procedures listed below can be used to create transactions on QuickBooks Online based on transactions that have already occurred:
Choose "Receive Payment" by clicking the "+" button in the dashboard's upper right corner.
Choose "Esther Green" as the client, and then enter the sum paid as the invoice's unpaid balance. Choose "Cheque" as the payment option and input the 598-digit check number. Transaction saved.
Choose "Invoice" by clicking on the "+" symbol once again. Choose "Roy Fisher" as the client and type $550 as the balance owed. Choose Melanie's unique floral design service in the products/services area to apply the credit of $25 + GST to the bill. Transaction saved.
Refresh your browser and choose "Receive Payment" from the "+" menu. Choose "Karuna Ramachandran" as the client and input the sum owed for the two unpaid bills. Choose "Debit" as the mode of payment, then save the deal.
Choose "Credit Note" by clicking on the "+" button once again. Choose "Sharon McColl" as the customer, then input a credit amount of $25 + GST. Save the transaction and apply the credit to the birthday vase invoice.
Refresh your browser and choose "Receive Payment" from the "+" menu. When the credit has been applied, choose "Sharon McColl" as the client and input the new balance. Choose "Cash" as the mode of payment, then save the deal.
Click the "+" symbol and choose "Bank Deposit" to make a deposit. Choose the payments made by Karuna Ramachandran, Sharon McColl, and Esther Green as the deposit items, then save the transaction.
Go to the Reports tab on the left-side menu and choose "Profit and Loss" to create a report. Run the report with April 8, 2026 as the date range.
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In recording the acquisition cost of an entire business: goodwill is recorded as the excess of cost over the fair market value of identifiable net assets. assets are recorded at the seller's book values. goodwill, if it exists, is never recorded. goodwill is recorded as the excess of cost over the book value of identifiable net assets.