On June 1, 20Y2. Herbal Co received $25,200 for the rent of land for 12 months. Journalize the adjusting entry required for unearned rent on December 31, 20Y2. Refer to the Chart of Accounts for exact wording of account titles. ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land 16 Equipment 17 Accumulated Depreciation-Equipment REVENUE 41 Fees Earned 42 Rent Revenue EXPENSES 51 Advertising Expense 52 Insurance Expense 53 Rent Expense 54 Salary Expense 55 Supplies Expense 56 Utilities Expense 57 Depreciation Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Unearned Rent 23 Salaries Payable 24 Taxes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends

Answer:

Diversity refers to the fact that there are various ethnic or cultural groups within society. By using diverse marketing strategies, you appreciate this societal makeup with all of its different talents, needs, interests, and skills. It also means tolerating different preferences and ways of life — even in religious or sexual orientation.

Explanation:

A perfectly competitive firm is producing at the point where its marginal cost equals its marginal revenue. If the firm boosts its output, its total revenue will rise and its total profit will fall.

A perfectly competitive business must accept the equilibrium price at which it sells its products because it is a price taker. A completely competitive business will not be able to generate any sales if it seeks to charge even a small amount above the going rate.

A perfect market, also known as an atomistic market, is defined by various idealizing conditions, which are together referred to as perfect competition, or atomistic competition, in economics, specifically general equilibrium theory.

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Answer:

External equity measures how a job's pay rate varies from company to company, while Internal equity measures a job's pay rate compared to other jobs within the same company.

Explanation:

1) Internal equity describes how fair the job's pay rate is in comparison to other similar positions within the same company. For Example, is the marketing manager's pay fair compared to what the production manager is earning?

2) External equity describes how a job's pay rate in one company compares to the job's pay rate in other companies. How is the CEO's pay is company XYZ compares with the CEO's pay in company ABC.

Population: As a clinic administrator, you could be interested in understanding the frequency of patients diagnosed with hypertension.

Sample: Hypothetically, you can collect information about 100 patients who have been diagnosed with hypertension from the total pool of hypertension patients at the clinic .Hypothesis: The research hypothesis could be "Patients who consume less salt will have a significant decrease in their blood pressure as compared to patients who consume more salt."Null hypothesis: "There is no significant difference between blood pressure levels of patients who consume less salt as compared to patients who consume more salt."

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1. Accounts affected by the errors at January 1, 2024, before any adjustments need to be determined.(2.) A journal entry should be prepared to correct the error.(3.) Additional steps may be required to address the error.

1. Accounts affected by the errors: The errors in the amortization schedule caused Nakano to understate interest expense by $45,000 in 2022 and $40,000 in 2023. As a result, the interest expense account for both years would be understated. The notes payable account would also be affected because the correct amount of interest expense should have been included in the note payable balance. Therefore, at January 1, 2024, before any adjustments, the interest expense and notes payable accounts would be incorrect due to the errors.

2. Journal entry to correct the error: To rectify the errors, a correcting journal entry needs to be made. The entry would involve increasing the interest expense account by $45,000 for 2022 and $40,000 for 2023, as these amounts were previously understated. Additionally, the notes payable account should be adjusted by the same amounts to reflect the correct balances. The journal entry would debit the interest expense account and credit the notes payable account.

3. Other steps in connection with the error: Apart from the journal entry, further steps may be taken to address the error. This may include notifying external parties, such as auditors or stakeholders, about the correction made to the financial statements. It is important to ensure that the corrected financial statements are properly communicated and any necessary disclosures or adjustments are made to prevent future misstatements. Internal controls and review processes may also be evaluated or strengthened to minimize the chances of similar errors occurring in the future.

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The production function gets flatter, while the total cost curve gets steeper due to the fact that C. at higher levels of production firms require less inputs to increase production by the same amount as compared to lower levels of production.

The production function shows the relationship that exists between the inputs and the outputs during the production of a product.

It should be noted that diminishing marginal product is vital for explaining why the increase in the output of a firm results in the production function getting flatter. Also, the total curve becomes steeper.

Therefore, at higher levels of production, firms require fewer inputs to increase production by the same amount.

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1. The rental cost of the house is a relevant cost because it directly affects Eva's expenses in both scenarios. If she decides to turn the garage into a hair styling studio, she may be able to reduce or eliminate this cost.
2. The earnings from the hair styling studio are a relevant cost as they represent the potential income generated by the alternative use of the garage space. This income should be considered when evaluating the financial viability of the hair styling studio.
3. The cost of home insurance is an irrelevant cost because it remains the same regardless of whether Eva turns the garage into a hair styling studio or subleases it to her neighbor. It does not change based on the decision she makes.
4. The cost of utilities is a relevant cost because it varies depending on the decision. If Eva turns the garage into a hair styling studio, she will incur additional utility costs. If she subleases it to her neighbor, the neighbor will pay an additional $100 per month for utilities.
5. The monthly income from renting the garage is a relevant cost because it represents the potential income that Eva could earn by subleasing the space to her neighbor. This income should be considered when evaluating the financial benefits of subleasing the garage.

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Answer: Portfolio income is money received from investments, dividends, interest, and capital gains. It is one of three categories of income.

Explanation:

Answer:

1. Strong organizational skills

2. Ability to lift and move heavy items

3. Experience working in a warehouse or distribution center

4. Knowledge of safety protocols

5. Knowledge of inventory management systems

6. Ability to work independently and as part of a team

7. Ability to use computer systems, such as Microsoft Office

8. Ability to follow instructions and work in a fast-paced environment

9. Good communication and interpersonal skills

10. Attention to detail

Explanation:

Answer:

insurance is important in that it helps you indemnity the losses occured after the risk occurrence

Explanation:

insurance ensures that you are covered from all period and hazards

1. What is the relationship between insurance and successful financial management? Why is insurance important?

2. Consider your home and possessions. What types of risks do you face? What insurance would you recommend to someone in a similar location?

3. What are personal, property, and liability risks? What are examples of personal, property, and liability risk?

4. Why is estate planning important?

5. What is the principle of indemnity? Why is this principle important?

The products to be classified as a finished good is a hamburger sold at a fast food restaurant. The Option C is correct.

In production, a finished goods means those products that have passed or completed the manufacturing process but are not yet sold or distributed to the final consumer. When these product gets to the end users, the processing of goods is then at the final stage.

While the finished goods are final products of one company, the goods may be also be a components or raw materials to another. In essence, the components which are used to further the production of different products.

A very good example of finished goods is a business transaction between a computer chip manufacturer and computer manufacturer. The chip here is a finished product to the manufacturer, but it becomes a component when sold to the computer manufacturer.

Full question "Which of the following products would be classified as a finished good... A clothing dye salt to clothing manufacturers.. B lumber sold to construction companies... C a hamburger sold at a fast food restaurant . D electrical wiring sold to automotive repair shops

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Answer: Are an information system that records, processes, and reports on transactions to provide financial and nonfinancial information for decision making and control.

Explanation:

Accounting information systems are very useful because they combine accounting records with processes thereby coming up with reports on transactions that provide relevant stakeholders with both financial and non-financial information needed for decision making and control.

Accounting systems do not require a Certified International Trade Professional (CITP) designation to understand neither does it report only financially related information nor is it always computerized.

Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.

Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.

While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.

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Answer:

Bank A/c. Dr. 28000

Discount allowed A/c. Dr. 500

To Urmila A/c. 28500

Based on Hope's check, her contribution to her RETIREMENT plan b. is pre-tax and therefore not included in federal income taxes.

The check notes that Hope's retirement contribution is not included in her federal taxable income.

This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.

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When charge customers pay cash to apply against their accounts, the balance sheet shows the left side of the cash account and the right side of the accounts receivable. Thus, option C is correct.

In a balance sheet, when a customer pays cash to apply against their accounts, the transaction will be recorded on both sides of the balance sheet. The left side represents the debit of the cash amount. This shows an increase in balance from their outstanding balance.

The right side of the balance sheet shows the credited amount or accounts receivable. It represents the decrease in the amount when the customer has made a payment toward their outstanding balance.

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The complete question is:

when charge customers pay cash to apply against their accounts, the amount is recorded:

a. on the left side of the cash account and the right side of the fees income

b.  the left side of the accounts payable account and the right side of the cash

c. the left side of the cash account and the right side of the accounts receivable

d.  the left side of the cash account and the left side of the accounts receivable account.

The total supply chain throughput time can be computed by adding the inventory in days and the accounts receivable in days for each entity. For example, for the supplier, the total throughput time would be 50 days (30 days of inventory + 20 days of accounts receivable). The total profit in the supply chain is $205 ($20 + $225 + $270 + $100 - $120).

The cash-to-cash cycle time for each entity can be computed by subtracting the accounts payable in days from the throughput time. For example, for the supplier, the cash-to-cash cycle time would be 20 days (50 days of throughput time - 30 days of accounts payable). Based on this calculation, the supplier is benefiting the most with a cash-to-cash cycle time of only 20 days.

To compute the total delivered unit cost in the supply chain, we need to add the sourcing unit cost and the added unit cost for each entity. For example, for the supplier, the delivered unit cost would be $25 ($5 sourcing unit cost + $20 added unit cost). The total delivered unit cost for the supply chain is $120 ($25 + $35 + $65 + $35).

To calculate the profit in the supply chain, we need to subtract the total delivered unit cost from the sales unit price for each entity and then add them together. For example, for the supplier, the profit would be $45 ($70 sales unit price - $25 delivered unit cost). The total profit in the supply chain is $205 ($20 + $225 + $270 + $100 - $120).

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To find the amount of additional paid-in capital on common stock for Wolf Company, we need to subtract the par value of the common stock from  total contributed capital.  $51,000 therefore the correct option is  D

Unfortunately, we are not given the par value of the common stock, so we cannot accurately calculate the amount of additional paid-in capital. Therefore, none of the answer choices provided are correct.

We would need more information, such as the number of shares of common stock outstanding and their par value, to accurately calculate the amount of additional paid-in capital I would need more information about Wolf Company's common stock, such as the par value and the number of shares issued. The formula to calculate additional paid-in capital on common stock is additional Paid-in Capital = Total Contributed Capital - (Par Value * Number of Shares Issued)
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In an oligopolistic market, products may be standardized or differentiated. This means that firms have the flexibility to offer either identical or unique products to consumers.

Oligopolistic markets are characterized by a few large firms that dominate the industry, but one firm is not always dominant. The market structure allows for a limited number of firms to exist, and they often have significant market power and influence. However, the level of dominance can vary, and there may be instances where no single firm holds absolute control.

The market concentration in oligopolies can vary, but it is not necessary for the four largest firms to account for 20 percent or less of total sales. This concentration ratio threshold is not a defining characteristic of oligopolistic markets. Instead, the key features are the presence of a small number of firms and the interdependence among them, which often leads to strategic behavior and competition.

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The corrrect option is B, the needs and comforts necessary for daily life, as well as those you wish to have in the future, are purchases that affect: Standard of living.

Standard of living refers to the level of material comfort and wealth that an individual or society is able to attain. It is an overall measure of well-being and quality of life, taking into account various factors such as income, health, education, and access to goods and services. A high standard of living is typically associated with a strong economy, good health and educational systems, and a high level of technological development. On the other hand, a low standard of living is associated with poverty, poor health, low levels of education, and limited access to goods and services.

The standard of living can vary greatly between countries, and even within regions within the same country. It can also change over time as economic conditions, political stability, and technological advances affect the availability and cost of goods and services. Ultimately, the standard of living is a measure of how well people are able to meet their basic needs and achieve their goals and aspirations.

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Answer:

51

Explanation:

12 divided by 4 is 3 so we'll multiply all of the smaller triangle by 3.

4 x 3 = 12

6 x 3 = 18

7 x 3 = 21

12 + 18 + 21 = 51

Answer:

Yes, the court will look to cases that have already been decided in deciding Jackson's case.

Explanation:

The court has scheduled hearing which Jackson has to attend. In this case the court will look into details of the matter and then find out the decision. If there are some difficulties in concluding the case then references will be taken from previous cases whose decisions has been decided.

Answer:

Yes, the court will look to cases that have already been decided in deciding Jackson's case.

Explanation:

I did the assignment in edge 2021.

The above scenario is known as competitive planning.

This is known as a method or a strategy used for putting together intelligence and putting that a person want to use the information for.

There are a lot of types of planning. They include; strategic, tactical, operational, contingency, etc.

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1. Luke's aspiration aligns with self-actualization in Maslow's hierarchy.

2. External information search involves seeking external sources to make informed purchase decisions.

1. Luke's aspiration to become as famous as his idol, Gunner, can be classified as a self-actualization need according to Maslow's hierarchy of needs.

Maslow's hierarchy of needs is a theory proposed by psychologist Abraham Maslow, which suggests that human needs can be categorized into a hierarchical structure. At the top of the hierarchy is the need for self-actualization, which represents the desire for personal growth, fulfillment of potential, and the pursuit of one's passions and aspirations. Luke's aspiration to achieve fame and recognition aligns with the self-actualization need, as he aims to fulfill his personal potential and achieve his goals in the modeling industry.

2. When customers look beyond their personal knowledge and experience to help them in buying something, they are engaging in external information search.

External information search refers to the process in which consumers seek information from external sources, such as friends, family, experts, reviews, or advertisements, to gather information and make informed decisions about a purchase. By seeking external information, customers are expanding their knowledge beyond their personal experiences and relying on additional sources to make a well-informed buying decision. This external information search can provide valuable insights, comparisons, and recommendations that influence the purchasing behavior of consumers.

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Answer:

executive branch create a budget

Explanation:

i think in every budget process the first step is to plan or create a budget

The Executive branch creates a budget, which is the Frist step in the federal budget process. Therefore option C is correct.

What is Budget?

A spending plan based on income and costs is called a budget. In other words, it's a projection of your income and expenses for a specific time frame, like a month or a year.

You can always have enough money for the things you need and the things that are crucial to you because budgeting helps you to make a spending plan for your money. Maintaining a budget or spending plan will also assist you in remaining out of debt or, if you are already in debt, in overwhelming it.

Depending on the specific area of the business that has to be prioritized, different budgets can be prepared. Below are three examples of common budgeting plans.

Forecast Budget

Performance Budget

Cash Budget

Hence, firstly executive branch creates a budget.

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If Trendy wear sets up new production facility for low labor costs and tax incentives then it is hoping for realization of diminishing returns. Diminishing returns sets in by increasing the investment by the producers.

The correct answer is option a. Diminishing returns.

According to the economic theory known as the law of diminishing returns, as investment in a certain area rises, the rate of profit from that investment can no longer rise given that the other factors remain constant after a certain level. An illustration would be a factory that increased its output while also raising CO2 emissions for the same increase in input. A fundamental idea in both micro and macroeconomics, the rule of diminishing returns is also a key concept in production theory.

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Answer:

$ 7,322  

Explanation:

$2300 per year is an annuity investment. The formula for future annuity value is as below

FV  =  A  × (1 + r)^n - 1 / r

Where A = amount invested periodically

r = interest rate, 6% or 0.06

n = 3 years

Fv = $2300 x{ (1 +0.6)^3 -1} /0.06

Fv  = $2300 x (1.191016-1) /0.06

Fv  = $2300 x  ( 0.191016/0.06)

Fv =  $2300 x  3.1836  

Fv=  $ 7,322.28

Fv= $ 7,322  

Answer:

$78,345.28

Explanation:

Present value of amount paid later = Amount paid three years later * PV of $1

Present value of amount paid later = $58,000 * [1/(1.07)^3]

Present value of amount paid later = $58,000 * 0.816297877

Present value of amount paid later = $47345.276866

Present value of amount paid later = $47345.28

Present value of second option = $31,000 + $47,345.28

Present value of second option = $78,345.28

Answer:

What is the tool of monetary policy?

Central banks have four main monetary policy tools: the reserve requirement, open market operations, the discount rate, and interest on reserves. 1 Most central banks also have a lot more tools at their disposal. Here are the four primary tools and how they work together to sustain healthy economic growth.

Explanation:

The number of bonds that GE must sell to net $190 million after flotation costs is 200,000 bonds.

First step is to calculate the amount issue

Net proceeds = Amount of issue x (1 - Flotation costs)

$190,000,000 = Amount of issue x (1 - 0.05)

Amount of issue = $190,000,000/0.95

Amount of issue= $200,000,000

Second step is to calculate number of bonds

Number of bonds = $200,000,000/$1,000

Number of bonds= 200,000 bonds

Inconclusion the number of bonds that GE must sell to net $190 million after flotation costs is 200,000 bonds.

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