Answer:
The entry made by Trust Company on January 1 to record the proceeds and issuance of the note is
Debit Credit
Cash $100,000
Notes Payable $100,000
The right answer is c
Explanation:
According to the given data the interest will not be adjusted at the time of loan proceed and issuance of note
Therefore, The entry made by Trust Company on January 1 to record the proceeds and issuance of the note is the following:
Debit Credit
Cash $100,000
Notes Payable $100,000
To record the borrowing
A business would like to increase consumer demand for a product that has
not been selling well. According to the law of demand, how could the
business accomplish this goal?
OA. By increasing the supply of the product
B. By selling the product at a lower price
C. By selling the product at a higher price
D. By decreasing the supply of the product
SUBMIT
Answer:
B. By selling the product at a lower price
Explanation:
According to the law of demand, the business can increase consumer demand for a product that has not been selling well by selling the product at a lower price.
Therefore, the correct answer is B. By selling the product at a lower price.
True or False: A partner cannot legally bind the other partners to a business agreement.
Answer: False
Explanation: In many cases, a partner will be able to bind the partnership without the other owners' consent. However, steps can be taken to prevent any one partner from entering into an agreement without the consent of the others.
Producers would prefer a market characterized by monopoly. Explain the theoretical and Practical reasons for your answer.
Theoretically, a market characterized by monopoly would allow producers to have more control over prices and to restrict output in order to maintain higher prices. This can lead to higher profits for the monopolist.
Why would producers prefer a market characterized by monopoly?We have several reasons why producers may not prefer a monopoly market structure:
Government intervention: Governments often regulate monopolies to prevent them from abusing their market power and charging excessive prices. This regulation can limit the ability of the monopolist to maximize profits.Lack of competition: In a monopoly market, there is no competition to keep prices in check and to drive innovation. This can lead to inefficiencies and a lack of consumer choice.Decreased consumer surplus: Monopolies often lead to higher prices for consumers, which reduces their purchasing power and their overall welfare.In all , while a monopoly market structure may provide higher profits for producers in the short-term, there are several practical and theoretical reasons why it may not be preferred in the long-term.
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The one-year call on TLM stock with a strike price of $65 is priced at $2.20 while the one-year put with a strike price of $65 is priced at $11.18. The annual risk-free rate is 3.8 percent, compounded continuously. What is the current price of TLM stock?
Answer:
The answer is "53.60"
Explanation:
Given value:
Exercise price(E) = 65
risk-free rate= 3.8 %= 0.038
calling price (C)= 2.20
one-year put price (P)= 11.18
The value of dividend-yield =0
time = 1 year
stock price =?
calculated value:
\(e^{-0.038 \times 1} = 0.962713\)
Formula:
\(\bold{S \times e^{-dt} +P = E \times e^{-rt} +c}\\\)
\(\to S \times e^{-0.00\times 1}+11.18 =65 \times e^{-0.038 \times 1}+2.2\\\\\to S \times e^{0}+11.18 =65 \times0.962713+ 2.2\\\\\to S \times 1+11.18 =65 \times0.962713+ 2.2\\\\\to S +11.18 =65 \times0.962713+ 2.2\\\\\to S+11.18 = 62.576345+2.2\\\\\to S+11.18 = 64.776345\\\\\to S= 64.776345-11.18\\\\\to S= 53.596345 \ \ or \ \ 53.60\)
Compare and contrast the two types of workplace motivation
A personal drive is necessary for self-motivation, although other people may encourage you when you're doing well and provide a hand when things aren't going as planned in group motivation. Self-motivation demands a personal desire.
This is further explained below.
What is Self-motivation?Generally, The concept of motivation refers to the driving force behind why people and other creatures start, maintain, or stop engaging in a certain action at a certain point in time.
It is usual practice to define motivational states as factors operating inside the agent that provides a tendency to participate in an action that is geared toward achieving a goal.
In conclusion, A personal drive is required for self-motivation, but other people may support you when you're doing well and provide a hand when things aren't going as planned in group motivation. Self-motivation requires a personal drive, while group motivation requires a group drive. A strong personal passion is necessary for self-motivation.
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which of the following statements about professionalism is true
Answer:
Where are the questions????
Gomez runs a small pottery firm. He hires one helper at $16,500 per year, pays annual rent of $6,000 for his shop, and spends $22,500 per year on materials. He has $40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth) that could earn him $5,000 per year if alternatively invested. He has been offered $19,500 per year to work as a potter for a competitor. He estimates he could use his talents to earn an additional $5,500 per year in consulting fees if he were working full time as a potter. Total annual revenue from pottery sales is $89,000.Calculate the accounting profit and the economic profit for Gomez's pottery firm.
Accounting profit = ?
Economic profit = ?
Answer:
$44,000
$14,000
Explanation:
Accounting profit is total revenue less total explicit cost.
Accounting profit = Revenue - Explicit cost
Total explicit cost = $16,500 + $6,000 + $22,500 = $45,000
Total revenue = $89,000
Accounting profit = $89,000 - $45,000 = $44,000
Economic profit is accounting profit less implicit cost or opportunity cost.
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Opportunity cost = $5,500 + $19,500 + $5,000 = $30,000
Economic profit = $44,000 - $30,000 = $14,000
I hope my answer helps you
The best way to store emergency savings is [...] --- A- under the bed B- a savings account C- a certificate of deposit D- a mutual fund
Answer:
B- a savings account
Explanation:
The savings account is liquid and it offers cash to be withdrawn from bank when needed. Keeping huge amount of cash in the house is not safe. The best way is to keep money in the savings account, as it offers liquidity as well as fixed returns annually. This will be safer and easier way to store emergency cash.
What is one way a person can use technology to automate a process that may be more efficient doing than manually
Answer:
Business process automation is the use of technology to execute recurring tasks or processes in a business where manual effort can be replaced. It is done to minimize costs, increase efficiency, and streamline processes.
Explanation:
hope this helps
Select the qualification that is best demonstrated in each example.
Harriet does not give up until she figures out what is wrong with an engine.
Giovanni is friendly and pleasant when interacting with others.
Tabitha is good at identifying and fixing problems with equipment.
Answer:
1: persistence
2: customer service skills
3: troubleshooting skills
Explanation:
Can I have Brainly?
Answer:
1: persistence
2: customer service skills
3: troubleshooting skills
Explanation:
Which type of business is owned by anyone who wants to buy stock?
sole proprietorship
limited partnership
public corporation
private corporation
(I think the answer is public corporation)
The type of business owned by someone who wants to buy stock is C. public corporation.
What is a public corporation ?A public corporation is a type of business organization that is owned by shareholders who can buy and sell stocks in the company. When a person buys stock in a public corporation, they become a part owner of the company and have a financial stake in its success.
Public corporations are usually large, well-established companies that have gone through the process of an initial public offering (IPO) to raise funds by selling shares of ownership to the public.
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Answer: public corporation
Explanation:
What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
Assume that a gourmet food manufacturer has considered renting a booth at a local mall to sell gift boxes of candy, nuts, and cookies during the holiday season. The fixed costs to rent and operate the booth would be $27,900. The unit contribution margins and sales mix anticipated by the company are as follows: Unit Contribution Margin Sales Mix Candy $1.50 50% Nuts $2.00 30% Cookies $1.00 20% What would be the weighted average contribution margin
Marketers use reach and frequency as variables to calculate the return on investment of their social media marketinginitiatives.a. Trueb. False
It is true that marketers use reach and the frequency as variables to calculate the return on investment of their social media marketing initiatives.
What is marketing?The process of finding, creating, and providing value to meet a target market's needs for goods and services is known as marketing. Additionally, it might entail selecting a target market, selecting particular traits or themes to highlight in advertising, launching marketing campaigns, attending trade shows and open forums, creating products and packaging that appeal to consumers, and establishing the terms of the sale, such as the purchase price, discounts, warranties, and return policies. The onus of marketing falls on the seller, who is typically a manufacturer or merchant. The environment in which the product is sold, the findings of marketing and market research, and the traits of the product's target market all have an impact on the marketing mix, which describes the specifics of the product and how it will be promoted.
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A company collected $100,000 cash from a customer who both received and was billed for the goods last quarter. Which of the following items would be increased by this cash collection transaction? Cash, Revenue, Current Assets, Accounts Receivable, Cash from Operations
Answer:
Debit the Cash Account: $100,000
Credit Accounts Receivable: $100,000
Explanation:
Cash will increase by $100,000 and
Accounts Receivable will decrease by $100,000.
Both accounts are asset accounts. The account equation will remain in balance.
Describe the core marketing function within an organization
Answer:
Corporate, Strategic and Product management function
Explanation
In corporate function, it serves the role of global marketing sector in setting, enforcing the brand standards and definition of the global infrastructure meant for public relations.
In strategic function, it serves the role of setting the growth strategies, assessment of competitive landscapes, collaboration with the engineering and the management towards the performance of gap analysis
In product management function, it serves the role of building and also driving the launching of those plans meant for products and service provisions, redefining of raw positions and messaging towards the crisp value positions.
Please help me in this assignment. Assume a project, other than your assignment, such as real estate, infrastructure development, industrial, or software development etc. and discuss that how guiding principle of PMI Standards for project risk management life cycle shall be undertaken at the organizational level of that particularly identified project (what the organization needs to do).
Answer:
DOES THIS HELP
Explanation
Many different professions contribute to the theory and practice of project management. Engineers and architects have been managing major projects since pre-history. Since approximately the 1960s, there have been efforts to professionalize the practice of project management as a specialization of its own. There are many active debates around this: Should project management be a profession in the same way as engineering, accounting, and medicine? These have professional associations that certify who is legally allowed to use the job title, and who can legally practice the profession. They also provide a level of assurance of quality and discipline members who behave inappropriately.
Management Accounting is a branch of Accounting information system responsible for the provision of information in support of managerial responsibilities. Explain with reference to empirical literature, how this is true
Answer:
Managerial accounting is the practice of analyzing and communicating financial data to managers, who use the information to make business decisions.
Explanation:
Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $156,000. The machine's useful life is estimated to be 20 years, or 110,000 units of product, with a $1,000 salvage value. During its second year, the machine produces 4,400 units of product. Determine the machines' second-year depreciation under the straight-line method.
Multiple Choice
$7,800.
$6,240.
$6,200.
$7,850.
$7,750.
Answer:
Explanation:
Annual depreciation=(cost-salvage value)/useful life
Annual depreciation =(156,000-1000)/20
Annual depreciation =$7750/year
Hence Depreciation for second year=$7750.
908 25. द्वितीय लेखाविधि तथा विश्लेषण Nuwakot Consultancy was organized on June 2, 2019, by a group of accountants to provide accounting and tax services to small businesses in Kathmandu. The following transactions occurred during the first month of business. June 2 June 5 June 8 June 15 June 17 June 23 June 28 June 29 Received contributions of Rs. 10,000 from each of the three owners of the business is exchange for shares of stock. Purchased a computer system for Rs. 12,000. The agreement with the vendor requires a down payment of Rs. 2,500 with the balance in 60 days. Signed a two-year promissory note at the bank and received cash of Rs. 20,000. Billed Rs. 12,350 to clients for the first-half of June. Paid a Rs. 900 bill from the local newspaper for advertising for the month of June. Received the amounts billed to clients for services performed during the first half of the month. Received and paid gas, electric, and water bills. The amount is Rs. 2,700. Received the landlord's bill for Rs. 2,200 for rent on the office space that Nano Consultancy leases. The bill is payable by the 10th of the following month. Paid salaries and wages for June. The total amount is Rs. 5,670. Billed Rs. 18,400 to clients for the second half. Declared and paid dividends in the amount of Rs. 6,000. June 30 June 30 June 30 Required: (a) Journal entries on the books of Nuwakot Consultancy. (For the transactions entered into during the month. Ignore depreciation and interest expenses). (b) Post the transactions into T-accounts. (c) A trial balance at June 30, 2019.
1. The Journal Entries on the books of Nuwakot Consultancy for the June Transactions are as follows:
Journal Entries:Date Transactions Debit Credit
June 2 Cash Rs. 30,000
Common Stock Rs. 30,000
June 5 Computer Rs. 12,000
Cash Rs. 2,500
Accounts Payable Rs. 9,500
June 8 Cash Rs. 20,000
Notes Payable Rs. 20,000
June 15 Accounts Receivable Rs. 12,350
Service Revenue Rs. 12,350
June 17 Advertising Expense Rs. 900
Cash Rs. 900
June 23 Cash Rs. 12,350
Accounts Receivable Rs. 12,350
June 28 Utility Expense Rs. 2,700
Cash Rs. 2,700
June 29 Rent Expense Rs. 2,200
Rent Payable Rs. 2,200
June 30 Salaries &
Wages Expense Rs. 5,670
Cash Rs. 5,670
June 30 Accounts Receivable Rs. 18,400
Service Revenue Rs. 18,400
June 30 Dividends Rs. 6,000
Cash Rs. 6,000
2. The Posting of the transactions into T-accounts is as follows:
Cash AccountDate Transactions Debit Credit
June 2 Common Stock Rs. 30,000
June 5 Computer Rs. 2,500
June 8 Notes Payable Rs. 20,000
June 17 Advertising Expense Rs. 900
June 23 Accounts Receivable Rs. 12,350
June 28 Utility Expense Rs. 2,700
June 30 Salaries and Wages Expense Rs. 5,670
June 30 Dividends Rs. 6,000
June 30 Balance Rs. 44,580
Rs. 62,350 Rs. 62,350
Common StockDate Transactions Debit Credit
June 2 Cash Rs. 30,000
ComputerDate Transactions Debit Credit
June 5 Cash Rs. 2,500
June 5 Accounts Payable Rs. 9,500
June 30 Balance Rs. 12,000
Accounts PayableDate Transactions Debit Credit
June 5 Computer Rs. 9,500
Notes PayableDate Transactions Debit Credit
June 8 Cash Rs. 20,000
Rent PayableDate Transactions Debit Credit
June 29 Rent Expense Rs. 2,200
Accounts ReceivableDate Transactions Debit Credit
June 15 Service Revenue Rs. 12,350
June 23 Cash Rs. 12,350
June 30 Service Revenue Rs. 18,400
Service RevenueDate Transactions Debit Credit
June 15 Accounts Receivable Rs. 12,350
June 30 Accounts Receivable Rs. 18,400
June 30 Balance Rs. 30,750
Advertising ExpenseDate Transactions Debit Credit
June 17 Cash Rs. 900
Utility ExpenseDate Transactions Debit Credit
June 28 Cash Rs. 2,700
Rent ExpenseDate Transactions Debit Credit
June 29 Rent Payable Rs. 2,200
Salaries and Wages ExpenseDate Transactions Debit Credit
June 30 Cash Rs. 5,670
DividendsDate Transactions Debit Credit
June 30 Cash Rs. 6,000
3. The preparation of the trial balance at June 30, 2019, is as follows:
Date Transactions Debit Credit
Cash Rs. 44,580
Common Stock Rs. 30,000
Computer Rs. 12,000
Accounts Payable Rs. 9,500
Notes Payable Rs. 20,000
Rent Payable Rs. 2,200
Accounts Receivable Rs. 18,400
Service Revenue Rs. 30,750
Advertising Expense Rs. 900
Utility Expense Rs. 2,700
Rent Expense Rs. 2,200
Salaries and Wages Expense Rs. 5,670
Dividends Rs. 6,000
Totals Rs. 92,450 Rs. 92,450
What are the journal entries?Journal entries are made to record the transactions of a business as they occur daily.
Journal entries help post transactions to the general ledger (T-accounts).
With a trial balance, the balances in the general ledger are summarized to prepare financial statements.
Transaction Analysis:June 2 Cash Rs. 30,000 Common Stock Rs. 30,000
June 5 Computer Rs. 12,000 Cash Rs. 2,500 Accounts Payable Rs. 9,500
June 8 Cash Rs. 20,000 Notes Payable Rs. 20,000
June 15 Accounts Receivable Rs. 12,350 Service Revenue Rs. 12,350
June 17 Advertising Expense Rs. 900 Cash Rs. 900
June 23 Cash Rs. 12,350 Accounts Receivable Rs. 12,350
June 28 Utilities Expense Rs. 2,700 Cash Rs. 2,700
June 29 Rent Expense Rs. 2,200 Rent Payable Rs. 2,200
June 30 Salaries and Wages Expense Rs. 5,670 Cash Rs. 5,670
June 30 Accounts Receivable Rs. 18,400 Service Revenue Rs. 18,400
June 30 Dividends Rs. 6,000 Cash Rs. 6,000
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Which of the following is a positive consequence of equity?
A) Maintain complete control of a business
B) Must pay profits as dividends
C) Decreased tax liability
D) No legal obligation to repay funds
A coupon bond paying semiannual interest is reported as having an ask price of 122% of its $1,000 par value. If the last interest payment was made one month ago and the coupon rate is 5%, what is the invoice price of the bond
Answer:
The correct answer is $1,224.12
Explanation:
According to the given scenario, the calculation of the invoice price of the bond is as follows:
Invoice price = Clean price + accrued interest
here
Clean price
= 122% of $1,000
= $1,220
And, the accrued interest is
= ($1,000 × 0.05 ÷ 2) × (30 days ÷ 182 days)
= 4.12088
Now the invoice price is
= $1,220 + $4.12088
= $1,224.12
hence, the invoice price of the bond is $1,224.12
We are sorry, but we could not complete this payment, because it has been denied by the card issuer. Please retry with a different card or funding option to continue with the payment...???????????
The customer's credit card issuing bank did not authorize the transaction, or it was declined.
Why does it say that the card issuer declined this transaction?The customer's credit card issuing bank did not authorize the transaction, or it was declined. This can be due to inadequate money, a frozen account status, an invalid credit card number or expiration date, etc.The customer's credit card issuing bank did not authorize the transaction, or it was declined. This can be due to inadequate money, a frozen account status, an invalid credit card number or expiration date, etcThis can be due to inadequate money, a frozen account status, an invalid credit card number or expiration date, etc.The customer's credit card issuing bank did not authorize the transaction, or it was declined.To learn more about credit card refer to:
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FRY-9C, FRY-14M, FRY-14Q, FRY-2052a, FP&A, CRR
What are these terms exactly mean? How do they work in business? What each term do?
The terms mentioned above are used in economics and have to do with finance.
What are FRY-9C, FRY-14M, and FRY-14Q?In order to keep an eye on financial institutions in between on-site inspections, the FR Y-9C is the main analytical tool employed. The form, which is the most frequently requested and scrutinized report at the holding company level, contains more schedules than any other report in the FR Y-9 series.
The FR Y-14M report gathers monthly in-depth information on the loan portfolios of bank holding companies (BHCs), savings and loan holding companies (SLHCs), and intermediate holding companies (IHCs). Three loan- and portfolio-level collections, as well as one in-depth address matching collection, make up the report.
On a quarterly basis, the FR Y-14Q compiles comprehensive information on the various asset classes, capital components, and pre-provision net revenue (PPNR) categories of the bank holding companies (BHC), savings and loan holding companies (SLHCs), and intermediate holding companies (IHC).
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Spiffy Sandals (Scenario) Spiffy Sandals is a Canadian footwear firm. Spiffy is planning to enter into a contract with an international producer to lower costs of production. On paper the figures look very good. However, Spiffy management has learned that the producer's factories are sweatshop conditions. Benito is the key Spiffy executive involved in the contract. He adheres to the relativist view regarding ethical standards and in meetings often says "When in Rome, do as the Romans do." Which of the following do you think Benito agrees with most strongly?
a. Freedom should not partner with foreign business entities.
b. Freedom should passively accept the practices that prevail in countries where it does business.
c. Freedom should not hire foreign managers.
d. Freedom should institute a single global code of conduct for all its employees and suppliers.
Answer:
Option B. Freedom should passively accept the practices that prevail in countries where it does business.
Explanation:
The Spiffy Executive knows that the a norm or ritual or common practice can be ethical in one country whereas not acceptable in the other one. So when he says that "when in Rome, do as the Romans do", so he literally means that we are going to accept the cultural diffences and get maximum out of it. This means he is not concerned about the sweatshop conditions as it is acceptable in that country.
A market economy is not based on _____.
a vote
personal choice
having no choices
the public
A popular brand of pen is available in 10 colors and 3 writing tips. How many different choices of pens do you have with this brand?
The choices of pen that you are going to have based on the brand would be 30 pen.
How to solve for the choice of penWe have the brand of pen that is available to be 10 colors.
The writing tips that are available is said to be given as 3.
In order to get the total, we would have to carry out a multiplication.
That is, we would have to multiply the brand by the number of writing tips
Hence we would have 10 colors * 3 writing tips.
= 30 choices.
Therefore we would say that the choices of pen that we would get after multiplying is 30 pen.
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Juniper Design Limited of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of $420,000 on sales of $1,500,000. The company’s average operating assets for the year were $1,700,000 and its minimum required rate of return was 15%.
Required:
Compute the company’s residual income for the year.
Answer: 165,000
Explanation:
To compute the company’s residual income for the year, we can use the formula:
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Given: Net Operating Income = $420,000 sales = $1,500,000
Average Operating Assets = $1,700,000
Minimum Required Rate of Return = 15% = 0.15
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Residual Income = $420,000 – (0.15 x $1,700,000)
Residual Income = $420,000 – $255,000
Residual Income = $165,000
Therefore, the company’s residual income for the year was $165,000.
What are the 3 types of risk takers in entrepreneurship?
From the start of their entrepreneurial journey, until their concept becomes a successful enterprise, entrepreneurs confront a variety of dangers. The many categories of entrepreneurial risks are as follows:
Monetary risk
Every business venture needs money to turn an idea into reality. Therefore, finding funding is a key risk for entrepreneurs. This might take the form of loans, capital arranged with the aid of friends and family, or an entrepreneur's own savings.
Security Risk
Another risk associated with entrepreneurship that has to do with formulating the appropriate strategies is this one. Every business needs a nearly perfect business plan.
Technology Risk
Entrepreneurs must adopt new technologies and upgrade often. By simplifying complex processes, disruptive technologies may completely alter the playing field for entrepreneurs. A Significant Entrepreneurial Risk Can Affect Those Who Refuse To Modify The Conventional Ways Of Working And Don't Invest In New Technologies.
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What is one reason to fill out the Free Application for Federal Student Aid (FAFSA), even if you do not expect aid?
The reason of filling out the Free Application for Federal Student Aid is that it enables the student of college to get money for college, it makes the students financially stable.
What is the FAFSA?The Free Application for Federal Student Assistance (FAFSA) is defined as a form that contemporary and expected college educatee in the United States fill out to launch their financial aid eligibility.
The single most critical thing a student can do to get money for college is to fill out an FAFSA. It's where he may apply for more than $150 billion in college grants, federal student loans, work-study funds, and state-based aid.
Therefore, to became financially stable, there is a need to fill out the FAFSA form.
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