1. Adjustment: Prepaid expense (Supplies). Status: Supplies account is overstated.
2. Adjustment: Accrued revenue (Unbilled services). Status: Accounts Receivable is understated.
3. Adjustment: Accrued expense (Interest). Status: Note Payable is understated.
4. Adjustment: Unearned revenue (Rent collected in advance). Status: Rent collected in advance is overstated.
1. The adjustment recognizes that $150 worth of supplies are on hand, indicating a prepaid expense. The initial balance of $1,600 in the supplies account is higher than the actual supplies available, hence overstated.
2. The adjustment accounts for $900 worth of services performed but not yet billed. This indicates accrued revenue. The accounts receivable balance needs to be increased to reflect the revenue earned but not yet recorded, hence understated.
3. The adjustment recognizes $200 of accrued interest on a note payable. It represents an expense that has been incurred but not yet paid. The note payable account should be increased to account for the accrued interest, as it is currently understated.
4. The adjustment is made to recognize that $850 of the collected rent has been earned. Initially, the rent collected in advance was recorded as unearned revenue, but now it needs to be reduced to reflect the portion that has been earned, hence overstated.
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true or false: if close substitutes are available for a particular good, then the demand for that good will be less elastic than if only distant substitutes are available.
False. In the presence of near substitutes, demand is more elastic.
Do more replacements make the elastic stronger?According to the concept of an elastic good, which is one where a change in price results in a significant change in demand, the more alternatives there are for an item, the more elastic the good will be.
Alternatives — more or less elastic?The availability of alternatives raises the elastic factor, which basically means that the more alternatives there are, the more possibilities there are, and as a result, the more options there are, the higher the elastic factor.
How are replacement products related to demand elasticity?Demand for a good increases when the price of its substitute increases, hence the cross elasticity of demand for substitute goods is always positive. A negative cross-elasticity characterizes the desire for complementary goods, in contrast.
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hacker software has 11.8 percent coupon bonds on the market with 15 years to maturity. the bonds make semiannual payments and currently sell for 108.7 percent of par. what is the current yield on the bonds? (round your answer to 2 decimal places. (e.g., 32.16)) current yield 10.86 % what is the ytm? (round your answer to 2 decimal places. (e.g., 32.16)) ytm 10.63 % what is the effective annual yield? (do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) effective annual yield %
The hacker software program has 11.eight percent coupon bonds on the market with 15 years to adulthood. The bonds make an annual yield and currently promote 108.7 percent of par.
The modern yield at the bonds
current yield at the bonds = 11.eight%/108.7%
the current yield on the bonds = 10.86%
The common annual yield is the income received from an investment divided by way of the length of time the funding is owned. an average annual yield is a useful device for studying the return on floating-rate investments.
YTM = price(nper,pmt,pv,fv) * 2
YTM = fee(15*2,59,-1087,a thousand) * 2
YTM = 10.63%
The effective annual yield
effective annual yield = (1+10.sixty three%/2)^2 - 1
effective annual yield = 10.91%
The annual percentage yield is usually calculated by means of multiplying the hobby rate by means of the variety of compounded intervals in line with 12 months.
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Chester Corp. Ended the year carrying $3,578,000 worth of inventory. Had they sold their entire inventory at their current prices, how many more dollars of contribution margin would it have brought to Chester Corp. ?
Select : 1
Save Answer
$2,136,000
$7,790,850
$5,771,000
$3,578,000
The amount of contribution margin the inventory would have brought to Chester Corp. is $3,578,000. Therefore the last option is correct.
In order to get the contribution margin, we are needed to know the variable cost per unit for the inventory and the selling price per unit. Let's consider that Chester Corp. sells a single product and he has the information of,
Selling price per unit: $50
Variable cost per unit: $25
The contribution margin per unit is the difference between the selling price and the variable cost can be calculated as under.
Contribution margin per unit = Selling price per unit - Variable cost per unit
= $50 - $25
= $25
Now, to calculate the total contribution margin that Chester Corp. would have made if the entire inventory was sold, we need to know how many units of the product are in their inventory. It can be achieved by dividing the total value of the inventory by the cost/unit:
Number of units in inventory = Total value of inventory / Cost per unit
= $3,578,000 / $25
= 143,120 units
The total contribution margin that Chester Corp. would have earned if they sold their entire inventory is the contribution margin per unit multiplied by the number of units in inventory:
Total contribution margin = Contribution margin per unit x Number of units in inventory
= $25 x 143,120 units
= $3,578,000
So, it can be inferred that if Chester Corporation had sold their entire inventory at their current prices, they would have earned an additional amount of $3,578,000 in contribution margin.
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carl sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. both had the same terms: $17,600 at 7% for 3 years. use ordinary interest as needed. calculate the simple interest note proceeds. calculate the simple discount note proceeds.
Carl sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. both had the same terms: $17,600 at 7% for 3 years.
Simple interest = 17600*7*3/100 = 176*21 = 3696
What is simple interest?Definition. The cost of borrowing money is known as simple interest because compounding effects are not taken into consideration. Simply said, simple interest solely affects the principal sum.
A specific principal amount of money is multiplied by an interest rate to determine the simple interest (S.I.) amount. For instance, if someone borrows Rs. 5000 at a 10 percent annual percentage rate The individual will have a two-year S.I. interest rate. about the borrowed funds.
Simple Interest is the amount repaid over a predetermined period of time for using the borrowed funds. Compound interest is what happens when the total principal amount surpasses both the payment due date and the rate of interest over a certain period of time. Formula. S.I. = (P × T × R) ⁄ 100.
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T/F :a firm that invests in a strong is development team is making an investment in organizational complementary assets.
True. A firm that invests in a strong IS (Information Systems) development team is indeed making an investment in organizational complementary assets.
Complementary assets refer to the additional resources and capabilities that enhance the value and effectiveness of a firm's primary investment. In the context of information systems, complementary assets are the supporting components that work in conjunction with the system to maximize its benefits and impact.
By investing in a strong IS development team, a firm is bolstering its organizational complementary assets. The development team plays a crucial role in designing, implementing, and maintaining information systems that align with the firm's business objectives. They contribute to the creation and enhancement of systems, applications, and databases that support various business processes, decision-making, and communication within the organization.
The expertise and skills of the IS development team are invaluable in ensuring the effective utilization and continuous improvement of information systems, thus enhancing the overall performance and competitiveness of the firm.
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What is the difference between division of labour and specialisation?
Answer:
Specialization refers to an individual while division of labor is social or refers to society (the aggregation of individuals). Division of labour is the separation of the production process into different operations, from intellectual to manual, from each process in a production line, from country to country, etc.
PLEASE HELP ME! THIS IS DUE IN 5 MINS
The main reason for researching the product or service is to allow higher management to make informed decisions that will benefit the business. This is part of this step of market research.
A. Present the findings
B. Analyze the information
C. Define the problem and research Objectives
D. Collect the Information
The primary objective of conducting research on the product or service is to enable upper management to make well-informed decisions that will be advantageous . C. Identify the issue and set research objectives.
What Is Market Research?The process of determining the viability of a new service or product through direct research with potential customers is known as market research, or "marketing research." A company can learn about its target market and get feedback from customers about their interest in a product or service through market research.
This kind of research can be carried out internally, by the business itself, or by a market research-focused third party. Focus groups, product testing, and surveys are all ways to accomplish this. Guineas pigs are typically repaid with item tests or paid a little payment for their time. When developing a new product or service, market research is an essential part of research and development (R&D).
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Does the state of the US economy have an effect on local businesses started by entrepreneurs? Please explain your answer.
The state of the United States' economy has an effect on local businesses that are started by entrepreneurs as it determines the amount of sales that the local business would make.
How does the U.S. economy affect local businesses?The state of the U.S. economy determines the income level of the average person in America. If the economy is doing well, then people generally have more income than if the economy is performing poorly.
When the economy is doing well and people have more income, they will be able to buy more goods and services from businesses including the local businesses established by entrepreneurs. If the reverse is the case, then local businesses would generally suffer when the economy is bad and people have less income.
There are also local businesses that see their income increase when the economy is doing poorly for instance, financial planners and health care.
In conclusion, local businesses started by entrepreneurs get affected by the state of the U.S. economy.
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HELPPPPPPPP WIL MARK BRAINLIEST
What types of decisions affect the day-to-day activities of an operation?
Group of answer choices
Those involving new product development
Those involving process technology
Those involving planning and control
Those involving performance measurement
Answer:
those involving process technologies
Income that is received as wages and is not adjusted for inflation is called ______ income. Multiple choice question.
Income that is received as wages and is not adjusted for inflation is called disposable income.
What is disposable income?Disposable income is the available money for an individual to spend.
Charges such as tax will have been removed and the remaining is what an household spends.
Therefore, Income that is received as wages and is not adjusted for inflation is called disposable income.
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One common element of all mass media (whether it is a news article, TV commercial, book or anything intended for a large audience) is that the message is:
A. Emotional
B. Objective
C. Constructed
Answer:
C
Explanation:
most of mass media tries to advertise the people that are watching or looking at it a product of some sort
Which ofthe following accounts are usually transferred to the Income Statement? *
1 point
a. Rent, premises, drawings
b. Drawings, rent, purchases
c. Commission received, rent, purchases
d.Purchases, furniture, commission received
Answer:C
Explanation:It is C because to get your commission they need to transferred to your Income Statement and for rent they need to know that you can afford to live there.To purchase big stuff they gotta look at your income to buy it.
The production possibility curve is a boundary that seperates
The production possibility curve is a boundary that separates the combination of goods and services that can be produced given a fixed set of resources and technology.
With a certain supply of resources and technology, the production potential curve graphically depicts the widest range of products that a civilization is capable of producing. It is a border that symbolises the upper bound of what can be created with the resources at hand. The opportunity cost notion, which refers to the decision to produce one item or service over another, is illustrated by the curve. When the production of one thing or service grows, the opportunity cost of creating an additional unit of that good or service also increases, since resources become less efficient at producing it. Decision-makers may better comprehend the trade-offs between various production options and choose the option that will use resources in the most effective way by using the production possibility curve.
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what is this lecture's explanation for the united states' enormous economic growth? select one: a. lots of natural resources b. good luck and good vibes c. special weather d. ambitious
The United States' enormous economic growth can be attributed to a combination of factors, and the lecture's explanation would likely encompass several of them. Here option A is the correct answer.
The United States is endowed with a rich abundance of diverse natural resources. These resources include vast reserves of oil, natural gas, coal, and minerals, as well as fertile agricultural land and ample water supply.
The availability and efficient utilization of these resources have been instrumental in driving economic growth. The country's natural resources have facilitated the development of various industries, such as energy, manufacturing, agriculture, and mining.
The extraction and utilization of these resources have not only created jobs but have also generated significant revenue for the economy. Furthermore, natural resources have played a crucial role in fostering technological advancements and innovation in various sectors. Therefore option A is the correct answer.
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According to GAAP, a loss contingency shall be accrued by a charge to income if O it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. O it is poss
According to Generally Accepted Accounting Principles (GAAP), a loss contingency should be accrued by a charge to income if it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated.
This principle ensures that financial statements reflect the most accurate and reliable information regarding potential losses or liabilities. GAAP provides guidance on how companies should account for loss contingencies, which are potential losses that are contingent upon the occurrence or non-occurrence of future events. To determine whether a loss contingency should be accrued and recognized in the financial statements, two conditions must be met:
1. Probability: It must be probable that a liability has been incurred. Probable means that the likelihood of the event occurring is more likely than not. This requires a reasonable assessment of the available evidence and judgment to determine the likelihood of incurring the liability.
2. Reasonable Estimate: The amount of the loss must be reasonably estimable. This means that the company must be able to make a reasonable approximation of the potential loss based on available information, such as historical data, expert opinions, or other relevant factors.
If both conditions are met, the company should accrue the loss contingency by recording an expense and creating a liability on the financial statements. This ensures that the financial statements provide a fair and accurate representation of the potential liabilities and their impact on the company's financial position and performance.
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The argument took place between-----
Answer:
?
Explanation:
Shepherds company. Manufactures two types of shoes sneakers and boots .Each sneakers requires 2 direct labor hours and boots require 1.5 direct labor hours.The overhead rate. Per direct hour is $2 .Direct materials for sneakers and boots is $15-$20 .Respectivelay.The total unit cost for each product.
The question is incomplete. The complete question is :
Shepherd Company manufactures two types of shoes - sneakers and boots. Each sneaker requires 2 direct labor hours and boots require 1.5 direct labor hours. The overhead rate per direct labor hour is $2. Direct materials for sneakers and boots is $15 and $20, respectively. Direct labor for sneakers and boots is $5 and $7, respectively. The total unit cost for each product is:
Solution :
The total unit cost for a product = direct materials cost + direct labor cost + overhead cost
The total unit cost for the sneakers and the boots are :
Particulars Sneakers Boots
Direct material cost $15 $20
Direct labor cost $5 $7
Overhead cost $4 $3
Total unit cost $24 $30
The overhead rate per direct labor hour is $2
So, the overhead cost per unit of :
Sneakers : 2 hours at the rate $2 per hour = $4
Boots : 1.5 hours at the rate of $2 per hour = $3
Hence the answer is : total unit cost = Sneakers: $24; Boots: $30
please show work. i upvote!
In an engine, a piston oscillates with simple harmonic motion so that its position varies according to the expression x = 7.7 cos (12.7 t +-2.8) where x is in centimeters and t is in seconds. What is
We may compare the supplied expression with the accepted equation of simple harmonic motion to get the angular frequency and phase constant of the motion:
x = A cos(t plus )
The following values can be found in the formula x = 7.7 cos(12.7t 2.8), as given:
Intensity (A) = 7.7 cm
Angle frequency is equal to 12.7 rad/s.
Phase factor () = 2.8
The phase constant () denotes the beginning phase or displacement of the motion, while the angular frequency () denotes the speed at which the piston oscillates.
The piston oscillates in a positive direction because the angular frequency () is positive (12.7). Two possible values for the phase constant () correspond to two different beginning displacements: +2.8 and -2.8.
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Item 13 assume markup percentage equals desired profit divided by total costs. what is the correct calculation to determine the dollar amount of the markup per unit?
The calculation to determine the dollar amount of the markup per unit: Total cost per unit times markup percentage per unit.
Total cost, in economics, is the sum of all costs incurred by a company in generating a certain stage of output. Knowledge of the full fee involved in producing their output lets a business have better knowledge of their profitability and efficiency. This may allow an organization to determine whether or not they want to reevaluate their pricing approach, reduce expenses or take different steps to grow their profitability.
Markup percentage is a percent markup over the cost fee to get the promoting price and is calculated as a ratio of gross income to the price of the unit. The amount of markup allowed to the store determines the money he makes from promoting each unit of the product. Better the markup, extra the price to the purchaser, and extra the cash the store makes.
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How would you make the following phrase possessive if only one class is taking an exam?
A. Classes exam B. Class’s exam C. Class’ exam
A. Classes exam is the phrase possessive of only one class is taking an exam.
The correct way to make the phrase possessive if only one class is taking an exam is option B, "Class's exam." This is because when a singular noun ends in "s," the possessive form is created by adding an apostrophe and an "s." However, if the noun is plural and already ends in "s," the possessive form is created by adding only an apostrophe. So, in the case of "classes," the possessive form would be "classes' exam." But since we are talking about only one class, the correct form is "Class's exam."
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Consider the market for pens. Suppose that a new educational study has proven that the practice of writing, erasing, and rewriting improves students’ ability to process information, leading parents to steer away from pen use in favor of pencils. Moreover, the price of plastic, an important input in pen production, has increased considerably.
On the following graph, labeled Scenario 1, indicate the effect these two events have on the demand for and supply of pens.
Demand for pens would decrease as students would prefer pencils. This would result in a leftward shift in the demand curve. As a result, the equilibrium price and quantity would decrease.
Medical concerns related to allergies to erasers result in reduced demand for pencils and increased demand for ballpoint pens. You can illustrate this in the pen market by shifting the demand curve to the right, this means consumers are willing to pay more for pens for a given amount. Consumers are willing to buy more pens at a given price.
And in terms of supply, the increase in the price of an important production input, the cost of the ink used to make pens means that pens are now more expensive to make. Because an increase in pen production costs leads to a decrease in supply, you can illustrate the effect of an increase in the price of ink by shifting the supply curve up and to the left. This means that at a certain quantity, manufacturers are willing to accept a higher price for the pens.
Alternatively, manufacturers are willing to produce fewer pens. Therefore, it should have indicated a positive change in demand and a negative change in supply for both scenarios.
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For mutual rescission of a contract to take place, the parties must make another agreement that satisfies the legal requirements for a contract.
a. true
b. false
False. Mutual rescission of a contract does not require the parties to make another agreement that satisfies the legal requirements for a contract. Mutual rescission occurs when both parties agree to terminate the contract without any additional obligations or considerations.
It is a voluntary agreement to cancel the contract, typically due to a change in circumstances or a desire to end the contractual relationship. Unlike creating a contract, mutual rescission does not require meeting the legal requirements of offer, acceptance, consideration, and intention to create legal relations.
Instead, it is a consensual agreement to undo the obligations and rights established by the original contract. Once mutual rescission occurs, the parties are released from their contractual obligations.
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1. aggregate supply (as) denotes the relationship between the that firms choose to produce and sell and the , holding the price of inputs fixed. a. price of goods; number of employees b. type of goods; input price of raw materials c. total quantity; price level for output d. total inputs; types of goods e. goods; input price of finished goods 2. the maximum quantity that an economy can produce, given its existing levels of labor, physical capital, technology, and institutions, is called: a. real gdp. b. potential gdp. c. aggregate supply. d. aggregate demand. e. nominal gdp. 3. when the economy of a country is operating close to its full capacity: a. the unemployment rate is greater than the natural rate of unemployment. b. cyclical unemployment is close to zero. c. unemployment is close to zero. d. the unemployment rate is less than the natural rate of unemployment. e. the unemployment rate is too low
1. total quantity; price level for output , 2. potential gdp, 3. the unemployment rate is less than the natural rate of unemployment
Explain about aggregate supply curve.1. C is the right response. The relationship between the overall number of goods that businesses decide to produce and sell and the price level for output, while keeping the price of inputs constant, is known as aggregate supply (AS).
2. B is the right response. Potential GDP is the maximum amount that an economy can produce given its current levels of labour, physical capital, technology, and institutions. It stands for the maximum amount of output that an economy can generate when everyone is employed.
3. The right response is D. The unemployment rate is lower than the natural rate of unemployment when a nation's economy is running close to capacity. The structural and frictional unemployment that are inevitable in a dynamic economy is included in the natural rate of unemployment.
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what is the most accurate description of person-organization fit?
Answer: a match between an individuals personality and values, and those of the organization
Explanation:
I
In which book of original entry would you enter the following?
(a) Sales invoice
(b) Debit note-
(c) Cash sale-
(d) Purchase invoice-
(e) Credit note-
What is it called when businesses are doing poorly and stock prices drop?
Answer:
When a stock price falls, that means the company must sell additional shares of stock to raise the same amount of proceeds
Explanation:
Which policy sought to further american interests in latin america by using the financial power of american business?.
Dollar diplomacy was the policy sought to further American interests in Latin America by using the financial power of American business.
What is Dollar diplomacy?Dollar diplomacy refers to American foreign policy to minimize threats of military force. The term Dollar diplomacy was introduced by William Howard Taft and his secretary Philander C. Knox in 1912, In order to ensure financial stability of Latin American and Eat Asian countries. Dollar diplomacy refers to the process in which a county's financial power is used to extend international influence.
Dollar diplomacy played an important role in widening the economic markets of America and also established Unites states as a predominant power. Dollar diplomacy helped to boost the struggling economies of Latin American and East Asian countries while expanding the US. The countries like China, Mexico, Dominican Republic and Russia. In spite of the success dollar diplomacy failed to prevent economic instability and revolutions in Mexico, China and Dominican Republic.
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what conditions must exist in order for customers to be satisfied with marketers and their products?
The conditions must exist in order for customers to be satisfied with marketers and their products When customers' expectations are met.
Which of the following has to be true before marketing can happen?Marketing requires the presence of four elements: two or more parties (individuals or organizations) with unmet needs; their desire and ability to be satisfied; their ability to communicate; and their need to exchange something.
Which of the following requirements must exist before any exchange may take place?At least two parties are required.
There must be something that each has that the other would find useful.
Both can effectively communicate and provide what they have to offer.
Each individual has the freedom to accept or reject the offer.
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low inflation is a sign of?
Answer:
usually signals demand for goods and services is lower than it should be, and this tends to slow economic growth and depress wages.Jun
Explanation:
How is Ramadan celebrated?
Answer:
As a Muslim, you can celebrate Ramadan with family or/and with friends and other families. In Ramadan if you are young you get a certain amount of money form your elders and the most important thing is eat! After one month of not eating you should have fun and eat really good foods. I hope this helped!! :)
Answer:
During Ramadan Muslims abstain from food and drink during daylight hours. This fast, called sawm, is one of the five pillars of Islam. To get through a long day without food, Muslims will often wake up early to eat a meal called suhur before daybreak.
Explanation: