On May 1, The Company borrows $150,000 from West Bank by signing a 6-month, 10%, interest-bearing note a. Prepare the necessary entries on May 1 associated with the note payable on the books of The Company b. Prepare any adjusting entries necessary on June 30 in order to prepare the semiannual Ananda statements. Assume no other interest accrual entries have been made.

We can see here that the projected cash flow statement is seen below:

A cash flow statement is a financial statement that provides information about the cash inflows and outflows of a business over a specific period of time.

To complete the Projected Cash Flow Statement using Addendum B and the given scenario, we will track the cash inflows and outflows for each month. Here is the completed statement:

Projected Cash Flow Statement:

Month:                     |December |   January |    February |      March

Opening Balance | R50,000

Sales |                     R125,000 |    R80,000 | R75,000 |  R95,000

Cash Sales |           R93,750 |       R60,000 |  R56,250 |  R71,250

Credit Sales |         R31,250 |        R20,000 |    R18,750 | R23,750

Total Cash Inflows | R93,750 | R60,000 | R56,250 | R71,250

Purchases | R70,000 | R35,000 | R30,000 | R40,000

Cash Purchases | R35,000 | R17,500 | R15,000 | R20,000

Credit Purchases | R35,000 | R17,500 | R15,000 | R20,000

Total Cash Outflows | R35,000 | R17,500 | R15,000 | R20,000

Expenses |                     R15,000 | R15,000 | R15,000 | R15,000

Cash Inflows

(Sales - Credit Sales) | R62,500 | R40,000 | R37,500 | R47,500

Cash Outflows

(Purchases - Credit Purchases) | R0 | R0 | R0 | R0

Cash Outflows (Expenses) | R15,000 | R15,000 | R15,000 | R15,000

Cash Inflows (Cash Sales) | R93,750 | R60,000 | R56,250 | R71,250

Cash Outflows (Cash Purchases) | R35,000 | R17,500 | R15,000 | R20,000

Deposit for Motorbike | R7,500 | | |

Motorbike Installments | R0 | R1,250 | R1,250 | R1,250

Sale of Cash Register | | | R3,500 |

Total Cash Inflows | R168,250 | R61,250 | R57,750 | R72,500

Total Cash Outflows | R50,000 | R50,000 | R50,000 | R50,000

Net Cash Flow | R118,250 | R11,250 | R7,750 | R22,500

Closing Balance | R168,250 | R61,250 | R69,000 | R91,500

Learn more about cash flow statement on https://brainly.com/question/735261

#SPJ4

The IMC (Integrated Marketing Communication) communication process includes various components that facilitate effective communication between the sender and the receiver. Based on the options provided, the exception would be "the instructor."

The correct components of the IMC communication process are:

Sender: The sender is the person or organization initiating the communication. They encode the message and transmit it to the intended receiver.

Receiver: The receiver is the target audience or individual who receives the message. They decode the message and interpret its meaning.

Communication Channel: The communication channel refers to the medium or method used to transmit the message. It can include various channels such as print media, television, radio, social media, email, etc.

Transmitter: The transmitter is the device or system used to send the message through the chosen communication channel. In modern marketing, this often includes technology like broadcasting equipment, email servers, social media platforms, etc.

Learn more about transmitter here:

brainly.com/question/14477607

#SPJ11

If a country increases its money supply rapidly under a fixed exchange rate regime, it can lead to several consequences.

First, the increased money supply can cause inflationary pressures, as there is more money chasing the same amount of goods and services. Second, it may undermine confidence in the country's currency, leading to depreciation pressures or even speculation against the currency.

To maintain the fixed exchange rate, the central bank will need to intervene by selling foreign reserves to buy back its currency, depleting its reserves. If the central bank's reserves are exhausted, it may be forced to abandon the fixed exchange rate regime or impose capital controls to restrict outflows.

Learn more about foreign reserves

https://brainly.com/question/32360769

#SPJ4

Jack's claim against the previous owners will be based on breach of contract. The contract between Jack and the previous owners did not mention anything about the removal of the kitchen cabinets or swimming pool.

Therefore, the previous owners breached the contract by removing these items without Jack's knowledge or consent. Jack can seek compensation for the cost of replacing the missing items or for the reduction in the value of the home due to their absence. He can also file a lawsuit against the previous owners for breach of contract. In addition, Jack can also try to negotiate with the previous owners to reach a settlement outside of court. It is important for Jack to gather evidence and consult with a lawyer to ensure that he can successfully pursue his claim.

To know more about contract visit:

https://brainly.com/question/32254040

#SPJ11

Answer:

Scarcity and shortage are not the same things. Shortage conditions exist when the demand of a good at the market price is greater than supply. ... Scarcity is the concept that we have limited resources and cannot meet the unlimited demand - it has nothing to do with a market price.

limited-assortment supermarkets (extreme-value food retailers) - These products are frequently shop brands or off-brands. These shops tend to be smaller than traditional supermarkets because of their small selections.

One of the grocery shop categories that has grown in popularity recently is the limited selection supermarket. As suggested by the name, these shops provide customers with a small number of product options at discounted rates. Bread, eggs, dairy, meats, poultry, dry goods, fruits, vegetables, refrigerated goods, and frozen goods are examples of usual products, although there are many more as well.

To know more about limited-assortment supermarkets :
https://brainly.com/question/30010172

#SPJ4

The level of government is Planning workers most likely to work for local. Thus, the correct option is (C).

A single sovereign state's lowest levels of public administration are collectively referred to as "local government" in the United States.

When the word "government" is used in this context, it explicitly alludes to a level of bureaucracy that is geographically confined and has a set of responsibilities.

A variety of essential services for residents and companies in certain areas are handled by the local government.

Therefore, the correct option is "C".

To know more about the local government, visit:

https://brainly.com/question/22670499

#SPJ2

Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. He is most likely to add this foreground Option A. He might change his position to include some foreground items such as rocks or grasses.

The foreground of an image is usually the element that is closest to the viewer. The foreground is often used to add depth to an image. If a photographer wants to create a 3D appearance in his image, he must ensure that the image has a foreground, mid-ground, and background. It is possible to include a foreground in a photo by modifying the angle of the shot and including elements in the foreground.

Emilio might change his position to include some foreground items such as rocks or grasses. By doing so, he will be adding depth to his image. Another way to add foreground to an image is to use framing trees in the middle ground of the image, but this may not provide the depth required. Tilt his camera up to better capture the tops of the hills or circling around to the side of the hills to capture the cows standing on top are not recommended, as the question seeks to add a foreground.

Therefore, Emilio is most likely to add the foreground by changing his position to include some foreground items such as rocks or grasses. Therefore, the correct option is A.

The question was incomplete, Find the full content below:

Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. How is he MOST LIKELY to add this foreground?

A. He might change his position to include some foreground items such as rocks or grasses.

B. He might tilt his camera up to better capture the tops of the hills.

C. He might add some framing trees in the middle ground of his image.

D. He might circle around to the side of the hills to capture the cows standing on top.

Know more about Three-dimensional here:

https://brainly.com/question/28504776

#SPJ8

Answer:

The overhead rate for the assembly department is $40 per direct labor hour. The correct option is A.

To calculate the overhead rate for the assembly department using the departmental overhead rate method, we need to first determine the total overhead cost allocated to the assembly department. Since the machining department has been allocated $4,000,000, the remaining $2,000,000 will be allocated to the assembly department.

Next, we need to determine the allocation base for the assembly department, which is direct labor hours. The assembly department has 50,000 direct labor hours, so we can divide the allocated overhead cost of $2,000,000 by the total direct labor hours of 50,000 to get the overhead rate per direct labor hour.

$2,000,000 / 50,000 direct labor hours = $40 per direct labor hour

Therefore, the answer is A, $40 per direct labor hour. This means that for every hour of direct labor used in the assembly department, $40 of overhead costs will be allocated to that department. This overhead rate can be used to estimate the total overhead costs for a specific job or product by multiplying the number of direct labor hours used in that job or product by the overhead rate per direct labor hour.

To learn more about overhead rate refer here:

https://brainly.com/question/28295486

#SPJ11

By dividing the price to produce one unit of your product by the number of items you have created, you can determine the total variable cost. For instance, if producing one unit of your product costs $60 and you produced 20 units, your total variable cost would be $60 x 20 or $1,200.

The object being sold is referred to as a product. A service or an object both qualify as products. It could take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that can be charged.

the price to produce one unit of your product by the number of items you have created, you can determine the total variable cost. For instance, if producing one unit of your product costs $60 and you produced 20 units, your total variable cost would be $60 x 20 or $1,200.

Therefore, By dividing the price to produce one unit of your product by the number of items you have created, you can determine the total variable cost.

Learn more about products here.

brainly.com/question/22852400

#SPJ1

Answer:

A. This common law offer will expire after a reasonable period of time.

Explanation:

Since in the question Cody offered a job from Qik Fix as a plumber but there is no time given for acceptance so the offer would be terminated after a reasonable time period as this represents a common law where the offer would be expire after a reasonable period in the case when the time period is not mentioned

Therefore the correct option is a.

Answer:

Working capital, also called net working capital (NWC), represents the difference between a company’s current assets and current liabilities.

NWC is a measure of a company’s liquidity and short-term financial health.

A company has negative NWC if its ratio of current assets to liabilities is less than one.

Positive NWC indicates that a company can fund its current operations and invest in future activities and growth.

High NWC isn’t always a good thing. It might indicate that the business has too much inventory or is not investing its excess cash.

Explanation:

can you me as brainliest if its right? i just need a few more to rank up! ^-^

Also have a great day and good luck in your studies!

answer:

the capital of a business which is used in it day-to-day trading operation, calculated as the current assets minus the current liabilities

d. deep poverty. Americans living in households with income below 50 percent of the poverty line are considered to be in "deep poverty."

Deep poverty refers to a particularly severe level of poverty, where individuals or households have extremely limited financial resources and face significant challenges in meeting their basic needs. It indicates a higher degree of economic hardship compared to those living slightly above the poverty line. Individuals in deep poverty often struggle to afford essential expenses such as housing, food, healthcare, and education. The term "deep poverty" highlights the depth of deprivation experienced by individuals or families in this income bracket.

learn more about households here:

https://brainly.com/question/16196

#SPJ11

Answer:

see below

Explanation:

A balance sheet is prepared following the accounting principles of assets equal to liabilities plus equity. Assets are left side while equity and liabilities on the other.

Assets are valuable that a business owns. Liabilities refer to the debts or loans of the business. It is what the business owes others. Equity is the owner's contribution to the business.

In this balance sheet,  Emily has confused assets and liabilities.

The column labeled as liabilities represents assets. She should change that. This column should be the topmost column.  She has interchanged the labels for liabilities and assets. The difference between assets and liabilities should be equity.

Answer:

Emily has mixed up the assets and liabilities. All the cells under “assets” are really liabilities and vice versa.

Explanation:

Answer:

the answer is B and D

True. Benchmarking is indeed an important method for a company to assess and compare its business practices with those of other firms.

allows companies to identify areas for improvement, set performance goals, and learn from industry leaders. However, the availability and accessibility of necessary information can be a significant barrier to effective benchmarking.

In order to benchmark successfully, companies need access to relevant and accurate data about their own performance as well as comparable data from other organizations. Obtaining this information can be challenging due to various reasons:

1. Data availability: Some companies may not have comprehensive internal data systems or may lack the necessary data collection and analysis processes to gather the required information for benchmarking purposes.

2. Data accuracy and reliability: Ensuring the accuracy and reliability of the data is crucial for meaningful benchmarking. Inaccurate or incomplete data can lead to incorrect comparisons and unreliable conclusions.

3. Data confidentiality: Companies may be reluctant to share sensitive or proprietary data with competitors or benchmarking partners due to concerns about confidentiality and competitive advantage.

4. Industry standards and comparability: Comparing data across different organizations can be complex, especially when there are differences in industry standards, metrics, or methodologies. Ensuring comparability and aligning data for accurate benchmarking can be a significant challenge.

To overcome these barriers, companies may need to invest in data management systems, establish data-sharing partnerships, participate in industry benchmarking initiatives, or engage with external consultants to obtain the necessary information and ensure successful benchmarking.

Learn more about business here:

https://brainly.com/question/15826604

#SPJ11

The correct answer to this open question is the following.

Although the question does not provide any context, references, or give options, we can say that if changes happen during September or October, the expenses you will be able to change most easily are according with the provisions projected in the annual plan, the budget, compared with the monthly expenses.

That is why a company has to elaborate on a good financial plan and overseeing the projections and true sales of the marketing and sales plan. This is important to take the proper control of expenses and revenues. Depending on the volume of sales during September and October, you can decide what kind of changes or adjustments to make in the following months.

Answer:

I would be able to change the variable expenses most easily. Such as food, clothing, and discretionary spending.

I could make the change by

Budgeting in October:

food from spending -$70 back to -$60

cut clothes off since I bought some already from -$40 to $0

budget my discretionary spending from -$60 back to -$40

This would increase my savings to $230

The cash flow described in this scenario is a geometric series characterized by a constant growth rate of 25% each year.

The type of cash flow described in this scenario is a geometric series. A geometric series is a sequence of numbers in which each term is obtained by multiplying the previous term by a constant ratio. In this case, the annual sales are expected to grow by 25% each year, which means the sales for each subsequent year will be 1.25 times the previous year's sales.

The annual sales of $100,000 at the end of year 1 serve as the starting point, and by applying the growth rate of 25% (or 1.25), we can calculate the sales for each subsequent year. The sales for year 2 would be $100,000 x 1.25 = $125,000, for year 3 it would be $125,000 x 1.25 = $156,250, and so on.

This pattern continues indefinitely, with each year's sales being 25% higher than the previous year. A geometric series is characterized by its constant ratio between consecutive terms, making it suitable for modeling scenarios with consistent growth rates over time.

To learn more about cash flow

https://brainly.com/question/735261

#SPJ11

The least likely advantage of secondary data among the options provided is "cost fit."

Secondary data refers to information that is collected by someone else for a different purpose but can be used for research or analysis. It offers several advantages, such as time realism, cost, and fit. Time realism is a key advantage of secondary data because it allows researchers to access information from past periods without having to wait for new data to be collected. This can be particularly useful when studying long-term trends or historical patterns. Another advantage is fit, which refers to the relevance and applicability of the secondary data to the research question or problem at hand. When secondary data aligns well with the research objectives, it can save time and resources by providing readily available information.

However, the least likely advantage among the options provided is "cost fit." While cost can be a potential advantage of secondary data, as it is often cheaper to obtain compared to primary data collection, the concept of "cost fit" is not commonly associated with secondary data. The term "cost fit" suggests that secondary data is particularly suitable or aligned with the cost requirements of a specific research project. However, the cost of secondary data can vary depending on factors such as data quality, accessibility, and licensing fees. Therefore, while cost can be a consideration when using secondary data, it is not a distinct advantage related to its fit for a specific project.

Learn more about secondary data:

https://brainly.com/question/33005489

#SPJ11

The least likely advantage of secondary data is time realism. Secondary data refers to information that has been previously collected by someone else for a different purpose. It can include sources like books, articles, or databases.

While secondary data has several advantages, such as cost-effectiveness and the ability to fit a wide range of research needs, it is not inherently time realistic. Secondary data may have been collected at a different time, which could limit its relevance to the current research question.

For example, if you're studying current consumer trends, secondary data collected five years ago may not accurately reflect the current market. Therefore, time realism is the least likely advantage of secondary data.

To know more about secondary data visit-

brainly.com/question/31023492

#SPJ11

Question:

Which relationship is possible when two tables share the same primary key?

Explanation:

One-to-one relationship.

Product Life cycle Management has several stages. The stages determined the growth and low downs of product. During the introduction stage, sales are growing slow(low) and profit is minimal.

Most times, firms do experience losses rather than profits during this stage. and so when product is new on the market and small or no profit is made due to high costs and low sales.

Conclusively, the stage gives a lot of opportunities such as low competition in the market.

Learn more from

https://brainly.com/question/7510515

The term of the bond is approximately 10.5 years.

To clear up this problem, we will use the following method to calculate the semi-annual coupon charge:

Coupon payment = Face value x Coupon price / 2

We realize that the face value of the bond is $100, and the annual interest charge is 7% compounded semiannually. To discover the semi-annual interest charge, we need to divide the yearly interest rate via 2 and convert it to a decimal:

Semi-annual interest price = (7% / 2) / 100

Semi-annual interest fee = 0.half

Subsequent, we want to calculate the present value of the bond using the given premium and yield:

\(PV = 100 + 36 / (1 + 0.0.5)^1 + 36 / (1 + 0.0.5)^2 + ... + 36 / (1 + 0.1/2)^{10\)

The use of a monetary calculator or spreadsheet software, we are able to solve for the present fee and discover that it's far $1,209.36.

Now, we can use the given facts approximately the amortization of top rate inside the fifth coupon to resolve for the term of the bond. for the reason that amortization quantity is $1.00, the coupon payment inside the 5th period must be $36 - $1 = $35. consequently, we will installation the subsequent equation and solve for the variety of intervals:

$35 = $100 x 0.0.5 / 2 x (1 - 1 / (1 + 0.1/2 / 2\()^n) + $1\)

Using a financial calculator, we can solve for n and find that the term of the bond is approximately 10.5 years.

Learn more about bond:-

https://brainly.com/question/25965295

#SPJ4

July 1 entry:

Unearned Service Revenue $19,440

Cash $19,440

December 31 adjusting entry:

Service Revenue $9,720

Unearned Service Revenue $9,720

The July 1 entry records the receipt of cash from Oriole Co. for the 2-year insurance contract. The Unearned Service Revenue account is credited to reflect the liability for services yet to be provided.

The December 31 adjusting entry recognizes the portion of the unearned revenue that has been earned as of the end of the fiscal year. Half of the 2-year contract period has passed, so the adjustment is made for one year's worth of revenue. The Service Revenue account is debited to recognize the earned revenue, and the Unearned Service Revenue account is credited to reduce the liability.

By making the adjusting entry, Pronghorn Insurance Co. properly recognizes the revenue it has earned during the fiscal year, aligning the revenue recognition with the period in which it was earned. This ensures accurate financial reporting and reflects the economic reality of the company's operations.

To learn more about Insurance, here

https://brainly.com/question/989103

#SPJ4

Answer:

Explanation:

Increased storage costs: A surplus of stock implies that the company has more inventory than it needs, which means that it must store this excess inventory. This can result in higher storage costs, such as rent for warehouse space, utilities, and insurance.

Opportunity cost: The money tied up in surplus stock cannot be invested in other business areas, such as marketing or research and development. This results in an opportunity cost, as the funds are not used to grow the business in other ways.

Reduced cash flow: A surplus of stock may also lead to a reduction in cash flow, as the money spent on purchasing the excess inventory cannot be recouped until the items are sold. This can strain the company's finances and limit its ability to invest in other areas.