On May 1, A makes a written offer to B for the sale of A's car. On May 2, A mails B a letter revoking the offer. On May 3, A telephones B to tell him that he is revoking the offer. On May 4, B learns that A has sold the car to C. On May 5, A's letter finally gets to B. On what day did A's offer terminate? Why?
Answers
Answer:
On what day did A's offer terminate?
May 3
Why?
In order for a written offer to be terminated, the offeror must revoke the offer, the offeree must make a counteroffer, or the valid time for the offer must expire. In this case, A is the offeror and B is the offeree. A can revoke his/her offer as long as it is done before B accepted it. In order for the revocation to be valid, B must be notified about it.
In this case, A called B on May 3 to notify him/her that the offer was being revoked. Legally, that would be the day when the offer was terminated. The revocation letter is not important here because it arrived after A had called B.
Related Questions
If the amount of gasoline purchased per car at a large service station has a population of $15 and a population standard deviation of$4 then 99.73% of all cars will purchase between $3 and $27
Answers
The range between $3 and $27 is three standard deviations away from the mean.
Since we know that 99.73% of the data falls within three standard deviations of the mean, we can estimate that 99.73% of all cars will purchase gasoline between $3 and $27.
According to the given information, the population mean is $15, and the population standard deviation is $4.
This means that 99.73% of all cars will purchase gasoline within three standard deviations of the mean, using the empirical rule.
Therefore, we can use the empirical rule to estimate the percentage of cars that will purchase gasoline between $3 and $27.
The empirical rule is also known as the 68-95-99.7 rule, which states that:Approximately 68% of the data falls within one standard deviation of the meanApproximately 95% of the data falls within two standard deviations of the meanApproximately 99.7% of the data falls within three standard deviations of the mean.
To find the number of standard deviations that correspond to $3 and $27, we need to calculate the z-scores.
The z-score formula is given as:z = (x - μ) / σwhere z is the standard score, x is the value of the variable, μ is the population mean, and σ is the population standard deviation.
To find the z-score for $3, we plug in the values:z = (3 - 15) / 4z = -3To find the z-score for $27, we plug in the values:z = (27 - 15) / 4z = 3.
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In your opinion, what are the main challenges that our country is facing? And what are the possible smart solutions recommended?
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Answer:
Can you please tell me what country it is
Task 1: Careers and Educational Requirements Perform online research and choose a career in the financial services industry. Determine the education you will need to prepare for this career.
Task 2: Certification Requirements
For your chosen career, identify the certification or licensing required. Develop a strategy to prepare for certification.
Task 3: Information Technology and Interpersonal Skills
For your chosen career, describe the skills you will need to learn and develop.
Answers
For Task 1, I have chosen the career of a financial analyst in the financial services industry. To prepare for this career, a Bachelor's degree in Finance, Accounting, Economics, or a related field is required.
For Task 2, becoming a Certified Financial Analyst (CFA) is highly valued in this career. The CFA program consists of three levels of exams that cover topics such as economics, financial reporting and analysis, ethics, and investment tools.
For Task 3, both information technology and interpersonal skills are important in this career. Financial analysts must have strong analytical skills and be proficient in using financial modeling software and spreadsheet applications.
Task 1- Many employers also prefer candidates with a Master's degree in one of these fields. Additionally, courses in statistics, mathematics, and computer science can be beneficial in this career. Task 2- To prepare for this certification, one should enroll in a CFA program review course, study the material thoroughly, and take practice exams to prepare for the rigorous testing process.
Task 3- They also need to have excellent communication and interpersonal skills to be able to work effectively with clients and team members. Additionally, they must be able to present complex financial information in a clear and understandable manner. Developing and honing these skills can be achieved through a combination of on-the-job experience, training, and continuing education courses.
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Compare and contrast the Generally Accepted Accounting Principles(GAAP) and International Financial Reporting Standards(IFRS) based reporting standards.
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Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) are both sets of accounting standards that organizations use to prepare and present their financial statements.
However, there are some key differences between the two sets of standards:
Origin: GAAP is primarily used in the United States and is issued by the Financial Accounting Standards Board (FASB). IFRS, on the other hand, is issued by the International Accounting Standards Board (IASB) and is used in more than 120 countries worldwide.
Approach: GAAP tends to be more rule-based, providing detailed guidelines on how to account for specific transactions and events. IFRS, on the other hand, is more principle-based, providing a general framework that organizations must follow while leaving more room for interpretation and professional judgement.
Consolidation: GAAP requires more detailed and specific consolidation rules for subsidiaries and investments in associates than IFRS.
Leases: IFRS 16 introduced a new lease standard which requires organizations to recognize leases as assets and liabilities on their balance sheet.
Measurement: IFRS allows more flexibility in the measurement of assets and liabilities compared to GAAP. While GAAP provides detailed rules for the measurement of specific assets and liabilities, IFRS allows organizations to choose from a range of measurement bases, such as fair value or historical cost.Complexity: GAAP is considered more complex than IFRS.
Overall, both GAAP and IFRS aim to provide useful financial information to the users of financial statements, but they are not identical, and they may have differences in their reporting requirements. Organizations operating in different countries or regions may need to follow different accounting standards, depending on their location and the laws and regulations in place.
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Develop a managerial report (1,000-1,250 words) summarizing your analysis of the OEI service capabilities. Make recommendations regarding the number of technicians to be used when OEI reaches 20 and then 30 customers, and justify your response. Include a discussion of the following issues in your report:
What is the arrival rate for each customer?
What is the service rate in terms of the number of customers per hour? (Remember that the average travel time of 1 hour is counted as service time because the time that the service technician is busy handling a service call includes the travel time in addition to the time required to complete the repair.)
Waiting line models generally assume that the arriving customers are in the same location as the service facility. Consider how OEI is different in this regard, given that a service technician travels an average of 1 hour to reach each customer. How should the travel time and the waiting time predicted by the waiting line model be combined to determine the total customer waiting time? Explain.
OEI is satisfied that one service technician can handle the 10 existing customers. Use a waiting line model to determine the following information: (a) probability that no customers are in the system, (b) average number of customers in the waiting line, (c) average number of customers in the system, (d) average time a customer waits until the service technician arrives, (e) average time a customer waits until the machine is back in operation, (f) probability that a customer will have to wait more than one hour for the service technician to arrive, and (g) the total cost per hour for the service operation.
Do you agree with OEI management that one technician can meet the average 3-hour service call guarantee? Why or why not?
What is your recommendation for the number of service technicians to hire when OEI expands to 20 customers? Use the information that you developed in Question 4 (above) to justify your answer.
What is your recommendation for the number of service technicians to hire when OEI expands to 30 customers? Use the information that you developed in Question 4 (above) to justify your answer.
What are the annual savings of your recommendation in Question 6 (above) compared to the planning committee's proposal that 30 customers will require three service technicians? (Assume 250 days of operation per year.) How was this determination reached?
Answers
The purpose of this research is to examine the service proficiency of OEI and suggest suitable staffing levels for accommodating a growing clientele of 20 and 30.
1. Arrival Rate for Each Customer: 1.25 customers per hour.
2. Service Rate in Terms of Customers per Hour: 1/3 customers per hour.
3. Travel Time and Waiting Time: The waiting time starts from the moment the customer contacts OEI until the machine is back in operation, including both travel and repair time.
What is the managerial report1. Arrival Rate for Each Customer: 1.25 customers per hour.
Based on historical data, the arrival rate for each customer is calculated by dividing the total number of customers by the total time. let us say that OEI receives an average of 10 customers per day, and the service operates for 8 hours a day. So, the arrival rate per customer is:10 customers / 8 hours
= 1.25 customers per hour.
2. Service Rate in Terms of Customers per Hour: 1/3 customers per hour.
The service rate takes into account the time required to complete a repair, including travel time. OEI estimates that each service call takes approximately 1 hour for travel time and 2 hours for the actual repair. So, the service rate is:1 customer / 3 hours
= 1/3 customers per hour.
3. Travel Time and Waiting Time:
OEI is different from traditional waiting line models since service technicians need to travel an average of 1 hour to reach each customer. In this case, the travel time and waiting time predicted by the waiting line model should be combined to determine the total customer waiting time.Learn more about managerial report from
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Andretti Company has a single product called a Dak. The company normally produces and sells 81,000 Daks each year at a selling price of $58 per unit. The company’s unit costs at this level of activity are given below:
Direct materials $ 8.50
Direct labor 10.00
Variable manufacturing overhead 2.40
Fixed manufacturing overhead 10.00 ($810,000 total)
Variable selling expenses 4.70
Fixed selling expenses 3.00 ($243,000 total)
Total cost per unit $ 38.60
A number of questions relating to the production and sale of Daks follow. Each question is independent.
Required:
1-a. Assume that Andretti Company has sufficient capacity to produce 105,300 Daks each year without any increase in fixed manufacturing overhead costs. The company could increase its unit sales by 30% above the present 81,000 units each year if it were willing to increase the fixed selling expenses by $130,000. What is the financial advantage (disadvantage) of investing an additional $130,000 in fixed selling expenses?
1-b. Would the additional investment be justified?
2. Assume again that Andretti Company has sufficient capacity to produce 105,300 Daks each year. A customer in a foreign market wants to purchase 24,300 Daks. If Andretti accepts this order it would have to pay import duties on the Daks of $1.70 per unit and an additional $12,150 for permits and licenses. The only selling costs that would be associated with the order would be $2.00 per unit shipping cost. What is the break-even price per unit on this order?
3. The company has 700 Daks on hand that have some irregularities and are therefore considered to be "seconds." Due to the irregularities, it will be impossible to sell these units at the normal price through regular distribution channels. What is the unit cost figure that is relevant for setting a minimum selling price?
4. Due to a strike in its supplier’s plant, Andretti Company is unable to purchase more material for the production of Daks. The strike is expected to last for two months. Andretti Company has enough material on hand to operate at 25% of normal levels for the two-month period. As an alternative, Andretti could close its plant down entirely for the two months. If the plant were closed, fixed manufacturing overhead costs would continue at 35% of their normal level during the two-month period and the fixed selling expenses would be reduced by 20% during the two-month period.
a. How much total contribution margin will Andretti forgo if it closes the plant for two months?
b. How much total fixed cost will the company avoid if it closes the plant for two months?
c. What is the financial advantage (disadvantage) of closing the plant for the two-month period?
d. Should Andretti close the plant for two months?
5. An outside manufacturer has offered to produce 81,000 Daks and ship them directly to Andretti’s customers. If Andretti Company accepts this offer, the facilities that it uses to produce Daks would be idle; however, fixed manufacturing overhead costs would be reduced by 30%. Because the outside manufacturer would pay for all shipping costs, the variable selling expenses would be only two-thirds of their present amount. What is Andretti’s avoidable cost per unit that it should compare to the price quoted by the outside manufacturer?
Answers
If there is a 30% boost in Andretti Company's sales, an extra $188,400 in income will be produced.
On the other hand, there will be an extra $130,000 charge for fixed selling expenditures.
As a result, the organization will witness a boost of $58,400 in its overall profits.
Would this be a sound financial decision?Making an extra investment of $130,000 would be a sound decision as it would lead to an elevation of $58,400 in the net income.
Here is a more detailed explanation of the calculations:
The company's total variable expenses would increase from $3,839,000 to $4,511,100.
The company's total fixed expenses would increase from $1,053,000 to $1,183,000.
The company's net income would increase from $795,000 to $853,400.
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How does a business identify how much profit was made on a job?
Answers
Answer:
Making a profit is one of the most important objectives of a business. You can calculate your business profit by subtracting your total expenses from your total revenue. To identify what the revenues and expenses are, start by choosing the time period you want to study.
Explanation:
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which of the following pieces of information will you find on the safety data sheet
walmart
Answers
Normally, the safety data sheet (SDS) for a product offered by Walmart will contain details regarding the risks associated with the product, including any potential physical risks or health impacts connected with its use or handling.
Additionally, it might contain details on the proper safety precautions or safeguards to use when utilizing the product, as well as first aid procedures to follow in the event of exposure or unintentional ingestion.
The SDS may also include details on the chemical makeup of the product, its characteristics, and any potential chemical interactions, as well as details on disposal and storage.
The specific information on the SDS will vary depending on the product in question and the laws governing its use and handling.
Here are some examples of the kinds of details you might discover on a safety data sheet:
A household cleaner might have a safety data sheet that details the product's chemical makeup, potential risks (including eye or skin irritation), and safety measures to take when using the product.
An SDS for a paint product may contain details on the chemicals used in the paint and any potential dangers.
An SDS for a product used in a laboratory setting may provide information on the possible health effects of the chemicals in the product and handling safety measures.
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the question is incomplete. the complete question is
What pieces of information will you find on the safety data sheet Walmart?
Mariah was appointed to a two-year term on Garden City’s planning board. She’s looking forward to meeting her fellow board members and working collaboratively on issues that affect their town. She’s been told that the first order of business is a revision of the document that outlines the community’s long-term needs and provides guidance on capital budgeting for those needs. What is this document called?
Answers
Mariah was appointed to the Garden City Planning Board for a two-year term. The first item of business, she's been instructed, is to revise the document that specifies the community's long-term needs and gives recommendations on capital spending for those needs. This paper is known as the Comprehensive Master Plan.
What is the purpose of a comprehensive plan?A comprehensive plan is a document created for a city, county, or specific region that sets an overarching plan and recommended activities for the area's current and future needs.
A comprehensive plan also known as a "master plan," "general plan," or "community plan" is a long-term planning document that communicates a community's overarching vision, goals, objectives, policies, and strategies for future expansion (or smart contraction), development, and preservation.
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During the year, Morgan makes the following donations to his church: cash of $5,500 and stock worth $50,000. Morgan had purchased the stock six years ago for $38,000 and held it as an investment. Morgan's AGI for the year is $80,000.
Answers
Based on his transactions during the year, Morgan's potential deduction is $55,500.
The question asks about the potential deductions if percentage limitations are ignored.
If percentage limitations were not applied, Morgan would be able to deduct all the donations to his church as the church is a not for profit organization.
The potential deduction is therefore:
= 5,500 + 50,000
= $55,500
In conclusion, the potential deduction is $55,000.
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which of the following are found on the balance sheet? (select all that apply.) multiple select question. a. unearned revenue b. dividends c. supplies expense d. accrued expenses payable d.supplies
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There are the found on the balance sheet is supplies expense, accrued expenses payable, and the supplies. Thus, option (c), (d), and (e) is correct.
What is a balance sheet?
The term balance sheet refers to the balance of the debit and the credit balance. There was to include the assets, liabilities, and the equity was the mainly three are the included.
According to the balance sheet was the balance the amount of the debit and the credit. It was the balance sheet is supplies expense, supplies, and the accrued expenses payable. The division on the different category.
As a result, the significance of the balance sheet are the aforementioned. Therefore, option (c), (d), and (e) is correct.
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Efficient Business Systems uses a perpetual inventory system. The adjusted trial balance of Efficient Business Systems at March 31, 2024, follows:
LOADING... (Click the icon to view the adjusted trial balance.)
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A perpetual inventory system is used to keep and record stock levels and records every purchase and sale of items instantaneously and automatically.
What is a Perpetual Inventory System?The software in this system tracks a change in stock levels in real-time for each transaction that occurs. Businesses with increased sales volumes and more complicated, larger amounts of inventory might benefit from the perpetual system.
Efficient business systems
Income statement
Year ended march 31, 2018
Sales revenue $239000
Cost of goods sold $107,550
Gross profit $131,450
Operating expenses:
Selling expense $27,000
Administrative expense $14,400
Total operating expenses $41,400
Operating income $90,050
Other income (Expenses)
Interest expense $(2,400)
Total other income and (expenses) $(2,400)
Net income(loss) $87,650
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Deltona Motors just issued 230,000 zero coupon bonds. These bonds mature in 18 years, have a par value of $1,000, and have a yield to maturity of 6.3 percent. What is the approximate total amount of money the company raised from issuing these bonds? Assume semiannual compounding.
Multiple Choice
$62.08 million
$91.84 million
$88.20 million
$80.76 million
$75.31 million
Answers
The corporation earned a total of $80.76 from the sale of these bonds. $80.76 million is the right response.
What is the purpose of issuing bonds to raise money?Companies can raise capital in one way by issuing bonds. A bond serves as a loan between a firm and an investor. The investor consents to give the business a specified sum of money for a specific amount of time. The investment is compensated with regular interest payments.
The number of bonds issued times the face value of the bonds determines the issue size of a bond offering. Consider the case when a company issues two million bonds with a $100 face value. Thus, the issue size is $200 million. The size of the issue indicates the entity's requirement for borrowing.
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Let MAC1 = 100 – 10E and MAC2 = 50 – 10E. Graph each function and compute the aggregate MAC curve. Let MD = 30E, compute the socially efficient equilibrium. For the equations given above, suppose the government sets the pollution level at four units. What are the net social costs of this policy?
Suppose a technological change occurs that reduces the marginal costs of abatement for polluter 1 in the above equation to that of polluter 2. How does this affect the socially efficient level of pollution? Solve numerically and graphically.
Answers
If the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not impact the socially efficient level of pollution. The level is still determined by equating Marginal Damage with the Aggregate MAC.
To graph each function, we can plot MAC1 and MAC2 on a graph with the quantity of emissions (E) on the x-axis and the marginal abatement cost (MAC) on the y-axis.
For MAC1: MAC1 = 100 - 10E
For MAC2: MAC2 = 50 - 10E
To compute the aggregate MAC curve, we add the individual MAC curves together. So, Aggregate MAC = MAC1 + MAC2.
Aggregate MAC = (100 - 10E) + (50 - 10E) = 150 - 20E
Now, let's calculate the socially efficient equilibrium by setting the Marginal Damage (MD) equal to the Aggregate MAC.
MD = Aggregate MAC
30E = 150 - 20E
Simplifying the equation, we get:
50E = 150
E = 3
Therefore, the socially efficient equilibrium occurs when the quantity of emissions (E) is 3.
Now, let's calculate the net social costs of the policy when the government sets the pollution level at four units.
Net social costs = Aggregate MAC - MD
Net social costs = (150 - 20(4)) - (30(4))
Net social costs = 110 - 120
Net social costs = -10
The net social costs of this policy would be -10, indicating a net benefit to society.
If a technological change occurs that reduces the marginal costs of abatement for polluter 1 to that of polluter 2, it means that MAC1 will become equal to MAC2.
Setting MAC1 equal to MAC2:
100 - 10E = 50 - 10E
Simplifying the equation, we find that E can have any value, as both sides are equal.
Graphically, this change would mean that MAC1 and MAC2 become parallel lines on the graph, with the same slope and intercept. The socially efficient level of pollution would still be determined by equating MD with the aggregate MAC.
In conclusion, if the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not affect the socially efficient level of pollution. The socially efficient level is still determined by equating the Marginal Damage with the Aggregate MAC, regardless of the marginal costs of individual polluters.
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NEED HELP!! PLEASE ID APPRICATE IT
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HURRRYYYY PLEASE HELP ME ASAP!!!!
1, Select a company with an international presence that you are familiar with or that you learn about by searching the internet
2.Identify the laws, treaties, acts, and governing bodies (e.g. U.N., WTO, and IMF) that impact their business.
3.Explain the impact these laws, treaties, acts, and governing bodies have on their business.
4.Differentiate the impact of those various laws etc. on their business abroad from the impact of similar things on their business in the United States.
Please provide citation and reference to sources. Quoted language must be put inside quotation marks
Answers
The WTO has a major impact on Toyota in a similar manner.The WTO's primary responsibility is to negotiate trade regulations among its members. As a result, the WTO regulations have a big impact on the Toyota industry.
The company is permitted to import and export the medicine in accordance with WTO regulations. The WTO may have both beneficial and bad effects on enterprises.
Toyota was able to enhance product exports with the help of the WTO. As the WTO upholds the organization's viewpoint to comply with WTO regulations and rules, the company's sales rate has increased.
However, the WTO also has a detrimental effect on Toyota's operations. Due to the substantial influence of its quantity of exports, the World Trade Organisation has continually raised the tariff ceiling. Therefore, it is conceivable to assert that the WTO has an impact on the Toyota company both advantageously and badly.
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4.2.9 Quiz: Selecting a Candidate and Making an Offer
Question 9 of 10
Which of the following is a way for an HR department to ensure it is following
up with job candidates in an EEO-compliant manner?
OA. They ensure that they have asked job candidates about their
willingness to work weekends.
OB. They ensure that have look at their budget before making a firm
offer on the wage or salary.
OC. They ensure that they ask job candidates about why they left their
last job or position.
OD. They ensure job candidates have been recruited from a wide
variety of minority channels.
Answers
One way that an HR department can ensure it is following up candidates right is D. They ensure job candidates have been recruited from a wide variety of minority channels.
What is EEO Compliance ?It is crucial for organizations to maintain a diverse candidate pool as it upholds EEO compliance, thereby preventing discrimination and enabling equal opportunities, adopting various minority channels in the recruitment process guarantees unbiased consideration of applicants from distinct backgrounds, which counters traditional recruitment methods that may be partial to certain groups.
Through this approach, HR departments can ensure impartiality and inclusivity in their hiring processes while serving the organization's overall best interests.
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Application of Forensic Accounting Concepts
Complete Case 21 & 28. Refer to the Case in the textbook for detailed instructions.
Answers
Answer:
An essential step in the incident response process is digital forensics. In order for law enforcement to use the information about a criminal incident, forensic investigators must identify and document it.
What is Digital Forensics?
In a court of law, rules and regulations governing this procedure are frequently crucial in demonstrating guilt or innocence. A person who is motivated to follow the trail of evidence and virtually solve a crime is a digital forensics investigator.
In this case, a computer forensic analyst would be called in to assess how attackers got onto the network, how they moved around it, and what they did there, including whether they stole data or installed malware.
In similar situations, a digital forensic investigator's job is to recover information such as documents, images, and emails from computer hard disks and other data storage devices, like zip and flash drives, that has been lost, destroyed, or in some other way altered.
Therefore, An essential step in the incident response process is digital forensics. In order for law enforcement to use the information about a criminal incident, forensic investigators must identify and document it.
Explanation:
3. ABC suppliers have an idea that an organization should be in good terms with the community, customers, and potential customers. Explain what public relations is. [2x1] [2]
Answers
Public relations (PR) is the practice of managing the communication between an organization and its various stakeholders, including the community, customers, potential customers, employees, investors, and the media.
The goal of Public relations (PR) is to create and maintain a positive image of the organization in the eyes of its stakeholders, enhance its reputation, and build relationships with key stakeholders.
PR professionals use various tools and strategies, such as press releases, media outreach, events, and social media, to communicate the organization's message and engage with its audiences.
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Steve Reese is a well-known interior designer in Fort Worth, Texas. He wants to start his own business and convinces Rob O’Donnell, a local merchant, to contribute the capital to form a partnership. On January 1, 2016, O’Donnell invests a building worth $130,000 and equipment valued at $140,000 as well as $60,000 in cash. Although Reese makes no tangible contribution to the partnership, he will operate the business and be an equal partner in the beginning capital balances.
To entice O'Donnell to join this partnership, Reese draws up the following profit and loss agreement:
- O'Donnell will be credited annually with interest equal to 10 percent of the beginning capital balance for the year
- O'Donnell will also have added to his capital account 15 percent of partnership income each year (without regard for the preceding interest figure) or $7,000, whichever is larger. All remaining income is credited to Reese.
- Neither partner is allowed to withdraw funds from the partnership during 2013. Thereafter, each can draw $5,000 annually or 20 percent of the beginning capital balance for the year, whichever is larger.
The partnership reported a net loss of $8,000 during the first year of its operation. On January 1, 2014, Terri Dunn becomes a third partner in this business by contributing $10,000 cash to the partnership. Dunn receives a 20 percent share of the business's capital. The profit and loss agreement is altered as follows:
- O'Donnell is still entitled to (1) interest on his beginning capital balance as well as (2) the share of partnership income just specified.
- Any remaining profit or loss will be split on a 5:5 basis between Reese and Dunn, respectively.
Partnership income for 2014 is reported as $64,000. Each partner withdraws the full amount that is allowed. On January 1, 2015, Dunn becomes ill and sells her interest in the partnership (with the consent of the other two partners) to Judy Postner. Postner pays $75,000 directly to Dunn. Net income for 2015 is $64,000 with the partners again taking their full drawing allowance On January 1, 2016, Postner withdraws from the business for personal reasons. The articles of partnership state that any partner may leave the partnership at any time and is entitled to receive cash in an amount equal to the recorded capital balance at that time plus 10 percent
a. Prepare journal entries to record the preceding transactions on the assumption that the bonus (or no revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
b. Prepare journal entries to record the previous transactions on the assumption that the goodwill (or revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
Answers
PLEASE HELP FOR 30 POINTS
1. If you are filing your tax return as an individual, you will need to itemize your taxes if
the sum of your deductible contributions is less than $300.
the sum of your deductible contributions exceeds $300.
you don’t have any deductible contributions.
you donated to a religious institution.
2.What does the CARES Act allow regarding charitable contributions?
It allows the government to tax your charitable contributions.
It allows you to deduct $300 in charitable contributions.
It allows you to create a 501(c)(3) organization.
It allows you to deduct the price of merchandise you buy from charities.
4.Which is an example of a financial institution?
a government regulatory agency of money
the IRS
a group of investors
a retail or commercial bank
5.What does it mean when a bank is FDIC insured?
It has insurance on the building.
It has insurance on its investments.
It guarantees that you won't lose all of your money.
It is one of the top 100 banks in the world.
Answers
Answer:
1. The sum of your deductible contributions exceeds $300.
2. It allows you to deduct $300 in charitable contributions.
3. It carried into the next year.
4. Internal Revenue Service.
5. It is an acronym for "Coronavirus Aid, Relief and Economic Security." It allowed someone to deduct up to 100% of their Adjusted gross income.
Explanation:
Good luck!
How are society and culture related?
1.While culture, as the collection of beliefs and values of a group of people, strongly affects society, a particular society does not have any kind of impact on its
culture.
2.Both society and culture are important to groups of people, but they are entirely
separate from one another.
3.A society is a group of people who live in the same area and share a culture, and
culture is made up of elements, such as language, that tie the society together.
4.A culture is a group of people who live together, and a society is the values,
beliefs, and behaviors that they all share.
Answers
As both entail a community of people residing in one place, society and culture are intimately intertwined. While culture refers to the ideas, values, and standards that influence a society's behaviour, society is the collective behaviour of a collection of people.
Language, religion, and customs are examples of cultural components that bind a community together and give it a feeling of identity.
A society's values and beliefs shape how its members interact with one another and the outside world, therefore a society's culture also has an impact on it. Although culture and society are two separate yet linked concepts.
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Mitchell, Inc., is expected to maintain a constant 4.6 percent growth rate in its dividends, indefinitely. If the company has a dividend yield of 5.8 percent, what is the required return on the company's stock
Answers
The required return on the company's stock given the growth rate and the dividend yield is 10.4%.
What is the required return?
The required return is the return that investors demand for investing in a stock. The more risky a stock is, the higher the return demanded by investors.
Required return = dividend yield + growth rate
4.6% + 5.8% = 10.40%
Business leaders will be more effective if they are first able to prevent
A.Necessary attrition
B.Poor Training
C.Wage increases
D.legal issues
Answers
Business leaders will indeed be much more effective if they can prevent B. Poor Training.
Being an effective business leader.Need to be able to strategize effectively.Need to be supported by a good workforce.If the employees are poorly trained , they will lack the requisite skills required to properly back up their leaders. If these leaders can therefore limit this poor training, they would be much more effective.
In conclusion, option B is correct.
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How are state Insurance Guaranty Associations funded?
Answers
Every state has a guarantee fund that is created by legislation. To safeguard policyholders in the event that an insurer goes bankrupt or is unable to pay its debts, a state's insurance commissioner maintains guarantee funds.
It is possible for a borrower to approach a bank for a loan since a guarantee fund offers a loan or credit guarantee. When a borrower lacks adequate security, such as real estate or other assets, guarantees can be quite helpful. The lack of (enough) collateral is practically universal among small borrowers. Guarantee insurance entails that an insurance firm, rather than a bank, provides a guarantee to your business.
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Finally, Kevin has a client who would like to invest into an account that earns 3% interest, which is compounded annually. The client opens the account with an initial deposit of $5,000, and deposits an additional $5,000 into the account each year thereafter. How much money is in the account after the tenth deposit, assuming no withdrawals or other deposits were made?
Answers
In light of the aforementioned circumstance, the account's balance (rounded to the closest dollar) following the tenth deposit is "$56,650."
The phrase "sinking fund" refers to the money set aside by individuals over a defined time period to save for a specific purpose, such as a future capital expense or the repayment of long-term debt. A sinking fund is a clever approach to save money by allocating a small sum each month toward a particular purchase. Sinking funds operate as follows: You'll put money down in one or more categories each month to be utilized later.
Herein shows the way to "$56,650."
\(S = N [ (1+r)^n - 1 ] /rwhere r = 0.030n = 10 yearsN = 5,000S = 5,000 [ (1.030)^10 -1 ]/.030= 5,000 [ 1.34 -1 ]/.030= 5,000 [ 11.33]= $56,650.\)
Accordingly, it can be said that "$56,650" is the right response in this case.
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According to the above material, there exist large differences between economic growth rate using traditional expenditure approach and the satellite night-light data. How do you evaluate the night-light data method? and can you identify several reasons why there exists such differences?
Answers
The use of satellite night-light data as a method to evaluate economic growth has both strengths and limitations. Reasons for Differences between Traditional Expenditure Approach and Night-light Data: Informal Economy, Data Limitations, Urbanization Bias and Structural Changes.
Here is an evaluation of the night-light data method and several reasons for the differences observed between the traditional expenditure approach and the night-light data:
Evaluation of the Night-light Data Method:
Objective and Timely: Satellite night-light data provides an objective and timely measure of economic activity. Wide Coverage: Night-light data can cover large geographical areas, including remote and inaccessible regions. Granularity: The data can be analyzed at a fine-grained level, allowing for detailed spatial analysis of economic patterns. This can help identify pockets of growth and disparities within regions.Reasons for Differences between Traditional Expenditure Approach and Night-light Data:
Informal Economy: The traditional expenditure approach relies on official economic data, which may not fully capture the informal sector. Data Limitations: Night-light data has its limitations. It primarily measures economic activity related to lighting, which may not capture other dimensions of economic growth such as services or knowledge-based industries. Urbanization Bias: Night-light data tends to be more representative of urban areas with higher population density and greater access to electricity. Structural Changes: The traditional expenditure approach focuses on consumption and investment, while night-light data primarily captures the energy consumption associated with lighting.For such more question on economic:
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Buy-Rite Pharmacy has purchased a small auto for delivering prescriptions. The auto was purchased for $32,000 and will have a 6-year useful life and a $4,400
salvage value. Delivering prescriptions (which the pharmacy has never done before) should Increase gross revenues by at least $32,400 per year. The cost of
these prescriptions to the pharmacy will be about $25,800 per year. The pharmacy depreciates all assets using the straight-line method. The payback perlod for
the auto is closest to (ignore income taxes): (Round your answer to 1 decimal place.)
Multiple Choice
Answers
Answer:
It will take approximately 4.2 years.
Explanation:
To calculate the payback period for the auto, we need to determine how many years it will take for the additional gross revenues from delivering prescriptions to cover the cost of the auto.
The initial cost of the auto is $32,000 and the salvage value is $4,400, so the depreciable cost is $27,600 ($32,000 - $4,400).
The additional gross revenues from delivering prescriptions are $32,400 per year, and the cost of these prescriptions to the pharmacy is $25,800 per year, so the net additional revenue per year is $6,600 ($32,400 - $25,800).
To cover the depreciable cost of $27,600, it will take approximately 4.2 years ($27,600 ÷ $6,600 = 4.18).
Therefore, the payback period for the auto is closest to 4.2 years.
PLEASE HELP!
Things of value provided by employers in addition to wages are ______. *
Answers
Answer:
Employee Benefits
Explanation:
Which is not a type of contamination in a good establishment
Answers
Answer:
Explanation:
a genogram (also known as a mcgoldrick-gerson study, a lapidus schematic or a family diagram) is a pictorial display of a person's family relationships and medical history. it goes beyond a traditional family tree by allowing the user to visualize hereditary patterns and psychological factors that punctuate relationships.vb