If an adjusting entry's credit is to a liability account, then the debit must be to Expense.
What is adjusting entry?Adjusting entries can be described as the changes to journal entries that have been recorded this is way to confirm that the numbers that have recorded match up to the correct accounting periods.
It should be noted that If an adjusting entry's credit is to a liability account, then the debit must be to Expense because expenses are those item that were spent on which means the firm were debited for it.
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Sells overruns, leftover goods, and salvage lots?
Answer:Yes! As a matter of fact most of them do! There are some items of course that will not but as long as the are good in quality then they will take them.
Explanation:have a wonderful rest of your day :D
Ics provides a standardized approach to the command control and coordination of:.
ICS provides a standardized approach to the command control and coordination of On-scene emergency personnel.
What is ICS?ICS refers to the Incident Command System, which is a system that follows a standardized approach which provides control of emergency and common hierarchy hence, responders from the agencies could be more effective.
On- scene emergency which become vital part of the situation or activity and in this ICS offers a approach to the coordination and command of the emergency personnel.
Hence, ICS provides a standardized approach to the command control and coordination of On-scene emergency personnel.
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A $20 bill features which of the following on the reverse?
A. US Treasury
B. White House
C. US. Capital
D. Independence Hal
Answer:
B. White House
Explanation:
A portrait of the White house is the main feature visible at the reverse of a $20 bill. The bill has security features, but the White house Image is dominant. At the front, a portrait of the 7th US president Andrew Jackson is visible
Research simply involves reading about a subject.
- True
✅False
Answer:
Its false
Explanation:
you got it right
How much does one need to have to open a bank
Using one set from each of the three columns,
correctly build all six of the nine–letter words.
1
EVE
AST
CHO
PAR
ADU
TRA
2
AKE
COL
DEM
RGR
LTH
RON
3
EEN
ARK
ATE
AUT
ETS
OOD
After using the given set of letters in the word scramble, the formed nine-letter words will be as follows,
Evergreen;Astronaut;Adulthood;Trademark;Chocolate;Parakeets. What is the significance of word scramble?A word scramble is referred to or considered as the intelligence test where a person has to create a meaningful word from the jumbled up spellings given for the word, and with some hints for the same. The word scramble must form a word only out of the letters given in the set of jumbled letters.
Therefore, the significance regarding word scramble has been aforementioned.
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Conduct research on cases and issues in global trade. What types of businesses are best suited for doing business online?
Why? What type of issues might an online business deal with in the global market?
Operating a business online entails dealing with technical obstacles, security concerns, and consumer distrust.
Research based problem:While you can avoid or at least mitigate these difficulties, it's critical for company owners to keep an eye on prospective concerns in order to avoid big calamities.
Because the main providers they provide are information-based, professional service based firms are well-suited for the Internet.
Because the provision of these services necessitates the provider's physical presence, a household chores or lawn maintenance service company is not well suited for the Internet.
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In Naboo, the opportunity cost of producing one more unit of ship parts is to give up In Tatooine, the opportunity cost of producing one more unit of ship parts is to give up Tatooine has the comparative advantage in the production of ship parts, units of lightsabers. Part 2 (3 points) See Hint In Naboo, the opportunity cost of producing one more unit of lightsabers is to give up units of ship parts. units of ship parts. In Tatooine, the opportunity cost of producing one more unit of lightsabers is to give up has the comparative advantage in the production of lightsabers.
In Naboo, the opportunity cost of producing one more unit of ship parts is to give up X units of lightsabers.
In Tatooine, the opportunity cost of producing one more unit of ship parts is to give up Y units of lightsabers. If Y is less than X, Tatooine has a comparative advantage in the production of ship parts. In Naboo, the opportunity cost of producing one more unit of lightsabers is to give up A units of ship parts. In Tatooine, the opportunity cost of producing one more unit of lightsabers is to give up B units of ship parts. If A is less than B, Naboo has the comparative advantage in the production of lightsabers. Please note that the actual values for X, Y, A, and B are needed to determine the comparative advantage for each planet.
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A student needs to take a test. She has her paper, pencil, eraser, and a backup pencil.
What is she missing to take the test?
Answer:
A drink
Explanation:
What is the advantage of renting the apartment over buying a home? Check all that apply. Repairs and maintenance costs are not Sasha's responsibility. Utilities, such as electricity and water, are included in Sasha's rent payment. Sasha's up-front costs will be lower, allowing her to keep her savings. Sasha's monthly costs will be lower. Sasha will make money if the value of the apartment increases.
Answer:
Repairs and maintenance costs are not Sasha's responsibility.
Sasha's up-front costs will be lower, allowing her to keep her savings.
Sasha's monthly costs will be lower
Explanation:
The advantage of renting the apartment over buying a home are that:
• Repairs and maintenance costs are not Sasha's responsibility - The repair and maintenance cost goes to the home owner and not Sasha since she just rented the house. The owner who bought the house bears the cost.
• Sasha's up-front costs will be lower, allowing her to keep her savings. - Her upfront cost will be lower and she can use the money which might have been used for house repair or maintenance to do other things.
Sasha's monthly costs will be lower - There'll be also be a reduction in the amount she spends every month.
The other options such as "Sasha will make money if the value of the apartment increases". and "Utilities, such as electricity and water, are included in Sasha's rent payment" aren't advantages of renting the apartment.
Answer:
Answers 1, 3, and 4.
Explanation:
Option 1: Repairs and maintenance costs are not Sasha’s responsibility.
Option 3: Sasha's up-front costs will be lower, allowing her to keep her savings.
Option 4: Sasha's monthly costs will be lower.
The Central Islip community has 9,649 homes in it. Smart Boards cost the school district $5,200 each. The HS needs 175, the Reed School needs 150 and the Mulligan school needs 50 new boards. Network Outsource the schools tech company has 12 workers for the HS, 8 for the Reed School and 4 for Mulligan. They all work 8 hours a day. They work 5 days a week, Monday thru Friday. They earn $58 per hour. It will take 45 weeks to finish the job. Find: a) Total Product Cost b) Total Labor Cost c) Total Cost d) Cost per Home e) Cost per Week
**(52 Weeks per Year)
Finding the following cost information about the Central Islip Community's requirement for Smart Boards is as follows:
a) The Total Product Cost is $390,000.
b) The Total Labor Cost is $2,505,600.
c) The Total Cost of the project is $2,895,600.
d) The Cost per Home is $300.09.
e) The Cost per Week, given a 52-week-year, is $55,684.62.
Data and Calculations:Homes in Central Islip Community = 9,649
Cost of Smart Boards per unit = $5,200
Requirements for Boards and Workers:
Boards Workers
HS 175 12
Reed School 150 8
Mulligan 50 4
Total boards = 375 24
Total cost for smart boards = $390,000 ($5,200 x 375)
Total labor cost = $2,505,600 ($58 x 8 x 5 x 45 x 24)
Total cost = $2,895,600 ($2,505,600 + $390,000)
Cost per Home = $300.09 ($2,895,600/9,649)
Cost per Week = $55,684.62($2,895,600/52)
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Deimos Corporation has 500,000 shares of $2 par-value common stock issued and outstanding when the market price per share is $22 per share. By what amount will total equity increase when the company declares a 2:1 stock split
Answer:
Total equity will remain the same
Explanation:
A stock split is simply increasing the number of shares and at the same time reducing the par value per share.
A stock split of 2:1 means that the number of shares would double while par value reduces by half.Specifically,the number of shares would increase from 500,000 to 1,000,000 while the par value reduces from $2 per share 1/2*$2 i.e $1 each.
All in all,the there is no increase in total equity overall.
Jessica took out a Stafford loan worth $7,175 at the beginning of her six-year college career. The loan has a duration of ten years and an interest rate of 6. 3%, compounded monthly. How much greater will Jessica’s monthly payment be if the loan is unsubsidized than if the loan is subsidized? Round all dollar values to the nearest cent. A. $36. 98 b. $23. 07 c. $37. 67 d. $166. 37.
The correct statement is that the monthly payment of Jessica will be greater by approximately $10.25 if the loan is unsubsidized than if the loan was subsidized.
The calculation of difference of the monthly payment in each of the cases will be done by comparing the monthly payments in each of the cases of subsidized and unsubsidized loans.
Calculation of Monthly Payments
The formula for calculation of monthly payments of loan ca be ascertained by division of the loan amount with the number of months. The compound interest can be calculated as follows,
\(\rm Compounded\ Annuity= P(1+\dfrac{r}{n})^n^t\\\\\rm Compounded\ Annuity= 7175(1+\dfrac{0.063}{12})^1^2^0\\\\\rm Compounded\ Annuity= \$13449\)
Compounded Annuity if the loan was subsidized at 5.28% interest rate.
\(\rm Compounded\ Annuity= 7175(1+0.0044)^1^2^0\\\\\rm Compounded\ Annuity= \$12151\)
The monthly payments can be calculated as,
\(\rm Unsubsidized\ Monthly\ Payments= \dfrac{13449}{120}\\\\\rm Unsubsidized\ Monthly\ Payments= \$112\)
and
\(\rm Subsidized\ Monthly\ Payments= \dfrac{12151}{120}\\\\\rm Subsidized\ Monthly\ Payments=\$101.75\)
So, the difference of the monthly payments is calculated as $10.25 on the subsidization of the Stafford loan.
Hence, the monthly contribution is increased by $10.25 each month if the Stafford Loan taken by Jessica is not subsidized.
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PLEASE do your best on these questions, it’s 75% of my grade
Answer:
C
Explanation:
Im pretty sure its C. Everyone has to sign a lease when renting something
1) the law of demand states that, other things constant, there is: group of answer choices a) an inverse relationship between price and the quantity demanded b) an inverse relationship between price and demand. c) a direct relationship between price and the quantity demanded. d) a direct relationship between price and demand.
The law of demand states that other things are constant, and there is an inverse relationship between price and the quantity demanded.
Regulation, the discipline, and the career involved with the customs, practices, and rules of conduct of a network that is recognized as binding via the community. Enforcement of the frame of policies is thru a controlling authority.
Hans Kelsen turned into the one who proposed the 'natural idea of law '. The pure idea of regulation states that the regulation does no longer are trying to find to describe what ought to occur, but instead defines guidelines that people ought to abide by using. He states that the regulation is a 'normative technology'.
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Distinguishing between revenue expenditures and capital expenditures LO 8-8 Bill's Wrecker Service has just completed a minor repair on a tow truck. The repair cost was $910, and the book value prior to the repair was $5,000. In addition, the company spent $7,000 to replace the roof on a building. The new roof extended the life of the building by five years. Prior to the roof replacement, the general ledger reflected the Building account at $86,200 and related Accumulated Depreciation account at $37,900. Required After the work was completed, what book value should appear on the balance sheet for the tow truck and the building? Book Value Tow Truck Building
1. After the repair, the book value that should appear on the balance sheet for the tow truck is $5,000, and for the building, it is $81,900.
A repair expense is classified as a revenue expenditure because it maintains or restores the existing functionality and condition of an asset. It does not increase the useful life or improve the asset's productivity. Therefore, the repair cost of $910 for the tow truck is expensed immediately and does not affect the book value. The book value for the tow truck remains the same at $5,000.
On the other hand, the roof replacement cost of $7,000 for the building is considered a capital expenditure. It extends the useful life of the building by five years, indicating an improvement that enhances the asset's productivity and increases its future economic benefits. The cost of the new roof is added to the building's account and capitalized.
Before the roof replacement, the Building account had a book value of $86,200, and the related Accumulated Depreciation account had a balance of $37,900.
The net book value of the building prior to the roof replacement was $86,200 - $37,900 = $48,300. Since the new roof extended the building's life and improved its condition, the $7,000 cost is added to the Building account, resulting in an updated book value of $48,300 + $7,000 = $55,300.
Therefore, after the repair, the book value on the balance sheet should be $5,000 for the tow truck and $81,900 for the building.
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6. Which of the following describes a non-employee business? (1 point)
an architect who has only a part-time assistant
a small ice cream shop where only one person works at a time
a person who works from home for a larger company
a manicurist who works from her home or at clients houses
Answer:
a manicurist who works from her home or at clients’ houses
Explanation:
If a family does not financially qualify to buy a home in a specific neighborhood, must the real estate agent still show them that home?
Any single-family home that a private individual owner sells or rents, provided that they never possess or more three single-family homes at once.
What does the term real estate mean?Property investment is property that takes the shape of buildings and land. Foreign real estate acquisitions for non-business objectives, such as buying rental properties, would continue to be restricted. More land is intended to be put to productive use for housing as a result of the law. Housing market is property that takes the shape of buildings and land.
What are the four real estate investment strategies?Real estate investors may earn profits using four major methods: Purchase a property and wait for its value to rise; lease a property to tenants or companies in order to
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Question 9 of 10
If a new source of lumber is found, what is likely to happen to the price of
lumber, and why?
A. The price is likely to increase because demand will increase.
B. The price is likely to increase because costs of production will
increase
C. The price is likely to decrease because demand will decrease.
O D. The price is likely to decrease because supply has increased.
SUBMIT
Answer:
O D. The price is likely to decrease because supply has increased.
SUBMIT
Explanation:
A new source of lumber will result in an increase in the quantity available for sale. As per the laws of supply and demand, an increase in supply without a corresponding increase in demand leads to reduced prices.
The prevailing market price or equilibrium price is the price at which the current demand matches the current supply. There are no shortages or excesses. An increase in supply creates a surplus in the market. For suppliers to sell the excess lumber supplied, they have to reduce prices to create more demand.
Shalimar Company manufactures and sells industrial products. For next year, Shalimar has budgeted the follow sales: Quarter 1 $4,600,000 Quarter 2 5,100,000 Quarter 3 5,000,000 Quarter 4 7,600,000 In Shalimar's experience, 10 percent of sales are paid in cash. Of the sales on account, 65 percent are collected in the quarter of sale, 25 percent are collected in the quarter following the sale, and 7 percent are collected in the second quarter after the sale. The remaining 3 percent are never collected. Total sales for the third quarter of the current year are $4,900,000 and for the fourth quarter of the current year are $6,850,000. Required: 1. Calculate cash sales and credit sales expected in the last two quarters of the current year, and in each quarter of next year. 2. Construct a cash receipts budget for Shalimar Company for each quarter of the next year, showing the cash sales and the cash collections from credit sales. 3. What iſ the recession led Shalimar's top management to assume that in the next year 10 percent of credit sales would never be collected? The expected payment percentages in the quarter of sale and the quarter after sale are assumed to be the same. How would that affect cash received in each quarter? Construct a revised cash budget using the new assumption, Quarter 1 Quarter 2 Quarter 3 Quarter 4
The cash sales and credit sales for Shalimar Company are given below.
What are the cash and credit sales?
Cash Sales and Credit Sales:
a) Last two quarters of the current year:
Current Year Quarter 3 Quarter 4
Budgeted Sales $4,900,000 $6,850,000
Cash (10%) 490,000 685,000
Credit (90%) 4,410,000 6,165,000
b) Each quarter of the next year:
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Budgeted
Sales $4,600,000 $5,100,000 $5,000,000 $7,600,000
Cash (10%) 460,000 510,000 500,000 760,000
Credit
Sales (90%) 4,140,000 4,590,000 4,500,000 6,840,000
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Full Question:
Shalimar Company manufactures and sells industrial products. For next year, Shalimar has budgeted the following sales:
Quarter 1 $4,600,000
Quarter 2 5,100,000
Quarter 3 5,000,000
Quarter 4 7,600,000
In Shalimar's experience, 10 percent of sales are paid in cash. Of the sales on account, 65 percent are collected in the quarter of sale, 25 percent are collected in the quarter following the sale, and 7 percent are collected in the second quarter after the sale. The remaining 3 percent are never collected. Total sales for the third quarter of the current year are $4,900,000 and for the fourth quarter of the current year are $6,850,000.
Required:
Calculate cash sales and credit sales expected in the last two quarters of the current year, and in each quarter of next year.
Beak sizes of the Galapagos Island finches and the similarities of African ostriches and South American rheas provided evidence for Darwin's idea of adaptation _______________ by natural selection.
The Galapagos Island finch's beak size and the resemblances between African animals and South American rheas supported Darwin's theory that adaptation is "driven" by natural selection.
What modifications did Darwin see in the Galapagos finches?According to Darwin's theory of evolution by natural selection, animals with better environmental adaptation are more likely to survive and reproduce, passing on their unique advantages to their progeny. These positive features increase in frequency through time, while negative traits decline or even disappear from the community. Examples of adaptations that aid these organisms in surviving and flourishing in their surroundings are the Galapagos Island finches' beak sizes and the resemblances between African ostriches and South American rheas. Finches' beak sizes are tailored to the particular kinds of food found on each island, whereas ostriches and rheas' similarities show that they have both evolved to run in open grasslands.
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You are the director of corporate partnerships from an athletics department or local professional team determine what inventory is part of sponsorship agreements and how they price their sponsorship packages.
When it comes to sponsorship agreements in the field of athletics, the inventory typically includes various assets that can be utilized by the sponsor to promote their brand or products.
Some common examples of inventory in sponsorship agreements are:
1. Logo Placement: Sponsors often have their logos displayed prominently on team uniforms, stadium signage, or even on equipment used during games.
2. Digital Assets: This includes the sponsor's logo appearing on the team's website, social media channels, or in promotional emails.
3. In-Game Promotions: Sponsors may have opportunities for on-field promotions, such as halftime shows, giveaways, or naming rights for specific areas of the stadium.
4. Hospitality: Sponsors may receive VIP access to games, pre-game events, or exclusive meet-and-greet opportunities with players or coaches.
5. Advertising: Sponsors may have commercial spots during televised games or radio broadcasts.
When pricing sponsorship packages, several factors are considered, such as the level of exposure, the reach of the team or event, the demographics of the audience, and the overall marketing value. Pricing can vary widely depending on the popularity of the team, the size of the audience, and the specific assets included in the package. In conclusion, sponsorship agreements in athletics include various inventory options such as logo placement, digital assets, in-game promotions, hospitality, and advertising. Pricing is determined based on factors like exposure, reach, audience demographics, and overall marketing value.
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A record of income and expenditures for a given period of time is called a/an:
Interest
Budget
Credit
Investment
A record of income and expenditures for a given period of time is called a BUDGET.
preston shows up late for his first day of work. his new boss's expectations for what kind of behavior have been violated?
Preston has violated his new boss's expectations for punctuality. Punctuality refers to being on time or arriving at the scheduled time, which is an essential behavior expected in the workplace.
Being punctual demonstrates professionalism and is crucial for effective and efficient business operations. It shows respect towards colleagues, the boss, and the organization as a whole.
By arriving late on his first day of work, Preston has exhibited a lack of consideration for his new employer and colleagues. It implies that he may not value his job or possess a sense of responsibility in fulfilling his duties. Furthermore, his tardiness can create a negative impression, indicating unreliability and a lack of commitment to his professional obligations.
Such behavior can have detrimental consequences, including a negative impact on his reputation and the possibility of being dismissed from the job. Punctuality is a fundamental expectation in the workplace, and failing to meet this expectation reflects poorly on an employee's work ethic and reliability.
In summary, Preston's late arrival violated his new boss's expectation for punctuality, portraying him in a negative light. It is crucial for him to demonstrate improvements in his behavior and show a commitment to being punctual to avoid further consequences in his professional career.
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What can be used to customize how the data is tracked in the Conversions
column
Answer:
The answer is "Include in Conversions setting".
Explanation:
It may or may not want to include information from a conversion action in your reporting row "Conversions." For each one of your transfer actions, you can set its configuration. So, how it can include some categories of conversions to not include others, therefore, it can use Conversions to change how well the data throughout the Conversions section is monitored.
trade-offs force society to answer questions such as what goods and services will be produced, how will the goods and services be produced, and who will receive the goods and services produced.
Trade-offs are a fundamental aspect of economics that involve making decisions about the allocation of resources.
For example, if a society decides to produce more military goods, it may have to trade-off producing fewer consumer goods. Similarly, if a society decides to produce goods using more labor-intensive methods, it may have to trade-off using less capital-intensive methods.
Finally, if a society decides to distribute goods and services more equally, it may have to trade off producing less overall. These trade-offs are necessary in order to make decisions about the allocation of resources and to ensure that society's needs and wants are met.
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You shouldn't take your investments out early. What do you think are some consequences of taking money out of your retirement early?
Answer:
You could trigger a higher tax bill.
You may have to pay a penalty.
Your request might be denied.
The withdrawn funds won't earn interest.
The distribution might not be protected from creditors.
Explanation:
what best defines form
Answer:
the shape and structure of something as distinguished from its material the building's massive form.
list out the tasks of an overseer.
Answer:
Mentor, coach, monitor and supervise communities throughout the shelter construction process. Provide technical assistance to households involved in shelter construction. Coordinate with counterparts in other PIN's areas of operation, ensuring exchange of lessons learnt and good practices
Explanation:
Lorenzo lives in new york city and runs a business that sells guitars. In an average year, he receives $851,000 from selling guitars. Of this sales revenue, he must pay the manufacturer a wholesale cost of $476,000; he also pays wages and utility bills totaling $281,000. He owns his showroom; if he chooses to rent it out, he will receive $71,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if lorenzo does not operate this guitar business, he can work as an accountant, receive an annual salary of $34,000 with no additional monetary costs, and rent out his showroom at the $71,000 per year rate. No other costs are incurred in running this guitar business.
The economic profit of Lorenzo's guitar business is $-82,000
To calculate the economic profit of Lorenzo's guitar business, we need to subtract all of his costs, including the opportunity cost of not working as an accountant and not renting out his showroom.
Total revenue = $851,000
Wholesale cost = $476,000
Wages and utility bills = $281,000
Rent he could earn by renting out showroom = $71,000
Total costs = $476,000 + $281,000 + $71,000 = $828,000
Lorenzo's accounting salary = $34,000
Opportunity cost of not renting out showroom = $71,000
Total opportunity costs = $34,000 + $71,000 = $105,000
Therefore, the economic profit of Lorenzo's guitar business is:
$851,000 - $828,000 - $105,000 = $-82,000
Since the economic profit is negative, it means that Lorenzo's business is not profitable and he is better off working as an accountant and renting out his showroom, which would earn him a higher income without incurring losses.
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