Pedro, not a dealer, sold real property that he owned with an adjusted basis of $120,000 and encumbered by a mortgage for $56,000 to Pat in 2018. The terms of the sale required Pat to pay $28,000 cash, assume the $56,000 mortgage, and give Pedro 11 notes for $12,000 each (plus interest at the Federal rate). The first note was payable two years from the date of sale, and each succeeding note became due at two-year intervals. Pedro did not elect out of the installment method for reporting the transaction. If Pat pays the 2020 note as promised, what is the recognized gain to Pedro in 2020 (exclusive of interest)

Answer:

D) All of the above

Explanation:

This because, Letters and emails are written ways to communicate with co-workers, friends, & family, brochures and advertisements are ways to communicate your idea or business production to other people to see and buy, powerpoints are ways to show a visual of what your product is and present it in a professional manner., and memos are written messages to help you remember something that's you would later present or use during business.

One should have enough supplies of all the necessities that are now in high demand, including rubbing alcohol, face masks, hand sanitizer, and canned goods in your Sari-Sari store to make it successful.

The bulk of sari-sari stores are independently owned, family-run operations that are housed in the premises of the shopkeeper. A large window that is covered in a screen or has metal bars in front of the store is used to exhibit goods.

Sari-sari stores have a number of advantages, including their convenient location, selection of goods, and adaptable payment methods. Little scale, uneven quality, and fierce competition are some drawbacks, though.

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Answer:

commcommercial bank

Explanation:

Took the test

People have a fraught relationship with money due to the anxiety that comes with it and the fear that it might run out.

People have a lot of judgment, it does not matter if they have a lot of cash or if they do not. A lot of people do not have a good relationship with money because of the fact that money makes them anxious.

A lot of insecurities are associated with money as well. Without money, people live in a lot of tension, they fear poverty. When people have money they also fear that the money would run out.

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The five kinds of capital that are directly relevant are:

The called-up capital refers to the portion of the subscribed capital that the company has demanded and the shareholders are required to pay.

In this case, the Alpha limited company called up the entire subscribed capital of Rs. 290,000 on 25th January. Therefore, the called-up capital is also Rs. 290,000.

Summarily,

- Authorized Capital: Rs. 500,000

- Issued Capital: Rs. 300,000

- Un-issued Capital: Rs. 200,000

- Subscribed Capital: Rs. 290,000

- Called-up Capital: Rs. 290,000

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Answer:

Keystone Steel Company

Journal Entries:

a. Debit Work in Process $553,600

Credit Transferred-in materials $553,600

To record the cost of transferred-in materials.

b. Debit Work in Process $107,500

Credit Factory overhead $64,300

Credit Payroll $43,200

To record the conversion costs.

c. Debit Finished Goods Inventory $622,800

Credit Work in Process $622,800

To record the costs transferred out to Finished Goods.

Explanation:

a) Data and Calculations:

Cost materials transferred into the Rolling Department = $553,600

Conversion cost for the period = $107,500

Factory overhead applied = $64,300

Direct labor = $43,200

Cost transferred to Finished Goods for the period = $622,800

Work in process, beginning inventory = $27,900

a. Work in Process $553,600 Transferred-in materials $553,600

b. Work in Process $107,500 Factory overhead $64,300 Payroll $43,200

c. Finished Goods Inventory $622,800 Work in Process $622,800

Camelot security printing under the vision and mission of the company ​.

Our Vision

To become the industry leader in providing top-notch business paperwork and document security solutions, utilizing the best available human resources and technology in a way that is both cost-effective and profitable and benefits both ourselves, our clients, and the communities in which we operate.

C – Care : We care for our customers

A – Assured : We assure our customers of the highest quality products and services

M – Money for Value : we give you your money’s worth and more

E – Efficiency: We maximize the use of our resources and waste nothing

L – Leadership : We chart the course of change

O – Originality : We strive to lead the market through innovation

T – Trust : We believe in mutual trust and long – term relationship

Our Mission Statement

Our goal is to continue to be leaders in the delivery of excellent business forms and file security solutions, utilizing the best available human capital and generation in a cost-effective and profitable manner that benefits all parties involved—including ourselves, our clients, and the communities where we work.

Our Core Values

M – Motivation

O – Originality

V – Verve (i.e. Vigour, Spirit, Style)

E – Ethical

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In this essay, we explore Warren Buffett's ethical approach to business, compare it to Bernie Madoff's, and analyze the applicable ethical philosophies for each.

Here are the steps to be followed:

1. Introduction:

2. Warren Buffett's Approach to Business Dealings and Business Ethics:

3. Bernie Madoff's Approach to Business Dealings and Comparison to Buffett:

4. Application of Ethical Philosophies to Warren Buffett:

5. Ethical Philosophies Applicable to Bernie Madoff and Reasons:

6. Conclusion:

Remember to support your arguments with evidence, examples, and references to credible sources. Properly cite any sources used in your essay according to the appropriate citation style.

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Answer: 165,000

Explanation:

To compute the company’s residual income for the year, we can use the formula:

Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)

Given: Net Operating Income = $420,000 sales = $1,500,000

Average Operating Assets = $1,700,000

Minimum Required Rate of Return = 15% = 0.15

Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)

Residual Income = $420,000 – (0.15 x $1,700,000)

Residual Income = $420,000 – $255,000

Residual Income = $165,000

Therefore, the company’s residual income for the year was $165,000.

Alexander Rees is concerned about appearing knowledgeable in exporting. The some of the factors he mentions in the project letter are

Travel costs

Cultural Differences and exchange rates

Thus option (C) and (D) are correct.

The cost is the expenditure or spending required or incurred to create and sell products and services, or to acquire assets.

When a product is sold or consumed, a cost is charged to expense. In the case of a buying of an asset, the charge to expense could be significantly deferred. The cost concept underlies the transition of assets from the balance sheet to expenses in the income statement.

Alexander Rees is concerned about appearing knowledgeable in exporting. Travel costs and Cultural Differences and exchange are  some of the factors he mentions in the project letter.

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Operates a large-scale computer is the responsibilities you would least expect to find in a position description for a user support specialist .

Option C is correct.

An external team of experts is provided by outsourcing support services to assist a company in managing and maintaining its operations. Support for IT, customer service, human resources, accounting, and software development are all examples of these services. Businesses can provide solutions that are both more effective and less expensive by outsourcing these services. In addition, they can save money and resources. Additionally, businesses can benefit from an outsourcing provider's specialized knowledge and resources.

Businesses that lack the personnel or resources necessary to handle particular projects can benefit from this. Outsourcing support services can also help businesses comply with industry standards and remain current on the most recent technologies and trends.

Incomplete question :

Which of these responsibilities would you least expect to find in a position description for a user support specialist?

A.Computer-aided design package

B.Operate a local area network

C.Operates a large-scale computer

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Answer:

Hi

Explanation:

A master adaptive learner is someone that uses an approach to self-regulated learning that leads to development. This is important because this can give you a growth mindset and motivation.

The will be no output tax consequences for Gala Music (Pty) Ltd for entering into the agreement with Buntu Events (Pty) Ltd for the year ended 30 June 2023 under the Value-Added Tax Act 1991.

It was a federal legislation that impose and charge Value Added Tax on certain goods and services and to provide for the administration of the tax and matters.

The Value-Added Tax Section 89 of 1991 Act does the follwing:

Because the Value-Added Tax have been abandoned for a long time in the country, there will be no output tax consequences for Gala Music (Pty) Ltd for entering into the agreement with Buntu Events (Pty) Ltd for the year ended 30 June 2023 under the Value-Added Tax Act 1991.

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Answer:

Clorox Company

multiple-step income statement.

Net sales                                                                       $5,450

Less Cost of goods sold                                             ($3,104)

Gross Profit                                                                   $2346

Less Operating Expenses :

Selling and administrative expenses          $ 715

Research and development expense          $ 114

Advertising expense                                    $499     ($1,328)

Operating Income                                                        $1018

Less Non Operating Expenses :

Income tax expense                                     $276

Interest expense                                            $161

Other expense                                                $46      ($483)

Net income                                                                   $535

Explanation:

The multiple-step income statement shows separately the income derived from primary activities (operating income) and secondary activities (net income)

Answer:

Global Corporation

Forecasted sales = Current Net Sales x (1 + growth rate)

= $186,200,000 x (1 + 0.09) = $186,200,000 x 1.09 = $202,958,000

Forecasted Net Income = $1,745,438.80 (202,958,000 x 0.86%)

Forecasted Dividend payout = $872,719.40 ($1,745,438.80 x 50%)

Forecasted Retained Earnings = $872,719.40 = $0.87 million

Therefore Forecasted equity = Current Equity + Forecasted Retained Earnings = $22.6 ($21.7 + $0.87)

Explanation:

a) Data and Percentage Calculations:

Income Statement ($million)                           Percentage

Net Sales                                         186.2          100%

Assets Cost Except Depreciation -175.2          94.09%

EBITDA                                              11.0           5.9%

Depreciation and Amortization        -1.1

EBIT                                                    9.9

Interest Income (expense)               -7.7

Pre tax Income                                  2.2

Taxes                                                -0.6

Net Income                                        1.6            0.86%

Dividends paid       50%                  -0.8

Retained Earnings  50%                  0.8

Balance Sheet ($million)

Cash                                                    22.9

Accounts Receivable                           18.1

Inventories                                           15.1

Total Current Assets                          56.1

Net Property, Plant, and Equipment 113.6

Total Assets                                      169.7

Liabilities and Equity

Accounts Payable                             34.4

Long term Debt                               113.6

Total Liabilities                                148.0

Total Stockholders' Equity               21.7

Total Liabilities and Equity            169.7

b) The percent of sales method enables the calculation of the relationship between sales and the line figures in the income statement.  Our interest for this question, is the Retained Earnings which we use to calculate the Stockholders' Equity forecasted balance.  The retained earnings percentage to sales = Retained Earnings as given divided by the net sales figure, and then multiplied by 100.

c) To forecast the sales, we use the growth rate of 9%.  This is equal to the current sales x 1.09.  Based on this sales, it becomes possible to forecast the Retained Earnings, having established the percentage of Retained Earnings to Sales, using the percent of sales method.  We apply the established percentage of Retained Earnings to the Sales figure, to get the Retained Earnings for the forecasted period.  This is then added to the Stockholders' Equity to get the forecasted stockholders' equity.

Answer:27

Explanation:900 times 3%=27

27 is the maximum number of spam reports you can get without being shut down. Calculation: 900 times 3%=27

The act of categorizing electronic messages as abusive for reporting to an authority so that they can be handled with is known as spam reporting, which is more appropriately referred to as abuse reporting. Email messages, blog comments, and other types of spam are all examples of reported messages. Users can mark the postings of other users as having abusive material by filing abuse complaints.

Most websites that permit user-generated content either implement a range of user roles that enable users to jointly manage the site's contents or apply some moderation based on abuse complaints, such as concealing or removing the problematic content at a set threshold. By alerting hash-sharing systems to abusive message, the most difficult problems can be resolved.

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Please see attachment for full question

Answer and Explanation:

See attachment for amortization schedule prepared with explanation

If the price of wheat falls, the demand for oats would decrease and the supply of oats would increase.

The equilibrium price of oats would decline and the equlibrium quantity would be indeterminate.

Substitute goods are goods that can be used in place of another good.

if the price of a good decline, the demand for the substitute decreases and if the price of the good increases, the demand for the substitute decreases.

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The present value of $2,300 received two years from now with a rate of return equal to 4% is $2,211.54.

To calculate this, you would use the present value formula of:

Present Value = Future Value/(1+r)n

Where Future Value is the amount you receive in the future, r is the rate of return, and n is the number of years.

For this problem, Future Value = $2,300, r = 0.04 (4% expressed as a decimal), and n = 2.

Substituting in these values to the formula, we get:

Present Value = $2,300/(1+0.04)2

Simplifying this, we get:

Present Value = $2,300/1.0816

Therefore, the present value of $2,300 received two years from now with a rate of return equal to 4% is $2,211.54.

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Answer:

Riverbed Company

1. The number of units sold in 2016:

= 12,127

2. The number of units that would have to be sold in 2017 to meet desired profit level of stockholders:

= 13,199

3. Assuming that Naylor Company sells the same number of units in 2017 as it did in 2016, the selling price have to increase to $156.30 per unit, in order to achieve stockholders' desire for more profitability.

Explanation:

a) Data and Calculations:

2016 net income = $151,800

Selling price = $151

Variable cost per unit = $91

Contribution = $60

Fixed costs = $575,800

Units sold = 12,127 ($575,800 + 151,800)/$60

When net income increases by $64,300, the units sold will increase by 1,072 ($64,300/$60)

Sales volume = 13,199 (12,127 + 1,072)

To achieve the same level of profitability ($216,100) at the same level of units sold, the price will increase by $5.30 ($64,300/12,127) to $156.30.

Answer:

Expansionary policy increases the total supply of money in the economy more rapidly than usual and contraction policy expands the supply of money more slowly than normal. ... The reserves of money are kept in Federal Reserve accounts and U.S. banks.

Answer:

djdkdosjskssawkwjsososksossosj

Answer:

Explanation:

To determine the total amount of underapplied or overapplied overhead, we need to compare the estimated overhead cost with the actual overhead cost that was incurred, based on the actual amount of the allocation base that was used during the period.

First, we need to calculate the predetermined overhead rate:

Predetermined overhead rate = Estimated total manufacturing overhead cost / Estimated total amount of the allocation base

Predetermined overhead rate = $100,000 / 20,000 direct labor hours

Predetermined overhead rate = $5 per direct labor hour

Next, we can calculate the amount of overhead that should have been applied based on the actual amount of direct labor hours worked:

Applied overhead = Actual direct labor hours worked x Predetermined overhead rate

Applied overhead = 21,700 direct labor hours x $5 per direct labor hour

Applied overhead = $108,500

Finally, we can calculate the amount of underapplied or overapplied overhead:

Underapplied/Overapplied overhead = Actual manufacturing overhead incurred - Applied overhead

Underapplied/Overapplied overhead = $103,000 - $108,500

Underapplied/Overapplied overhead = -$5,500

Since the result is negative, we have an overapplied overhead of $5,500 for the period. This means that the actual manufacturing overhead incurred was less than the overhead that was applied based on the predetermined rate.

Answer:

MONOPOLY

1) Ownership of a Key Resource

A firm that has exclusive control or ownership of a key resource can restrict access to that resource and establish a monopoly. The limited availability of the key resource will make it impossible for new sellers to enter the market. Although this factor is important in economic theory, monopolies rarely ever arise for this reason in reality anymore. Mainly because most resources are available in various regions across the globe.

One famous example of a monopoly that arose because of ownership of a key resource is the diamond market in the twentieth century. During this period, the company De Beers effectively controlled most of the world’s diamond mines, either through direct ownership or exclusive agreements. As a result, De Beers could dominate the market and influence the market price at will.

2) Government Regulation

The government can restrict market entry by law (e.g. through patents or copyright laws), which may result in a monopoly. Governments usually do this to serve the public interest, because these regulations promote innovation as well as research and development (R&D). The idea behind this is that firms can be rewarded for their R&D efforts by getting exclusive rights to sell their product. Without this kind of protection, it would be more reasonable for many firms to let others do the research and just copy their products once they are on the market. However, this would eventually eradicate all innovation and research.

Arguably the most prominent (and controversial) examples of government-regulated monopolies can be found in the pharmaceuticals industry. It often takes more than a decade for companies to develop new drugs. However, if they succeed, the firms can apply for a patent and become the sole seller of the new drug for a set period of time. This monopoly position allows them to make enough profits to make up for high R&D expenditures.

3) Economies of Scale (i.e. Natural Monopoly)

In some industries, a single firm can supply a good or service at a lower cost than two or more firms could. We call this a natural monopoly (because it arises without government intervention). A natural monopoly can arise in industries where firms face high fixed costs but are able to realize significant economies of scale over the relevant range of output. Those circumstances result in decreasing average total costs as output increases, which makes it more difficult for new firms to enter the market.

The market for electricity is a common example of a natural monopoly. Building the infrastructure to supply a city with electricity is extremely expensive. Thus, the market has high barriers to entry. However, connecting an additional house to the power grid is relatively cheap once the infrastructure is in place. As a result, a single firm can supply a whole city at a lower cost than two or more competing companies could.

Explanation:

OLIGOPOLY

Some of the oligopoly effects are discussed as follows:

i. Restriction on output:

Implies that oligopoly results in small output and high prices as compared to other market structures, such as perfect competition.

ii. Price exceeds average costs:Implies that under oligopoly, there are restrictions on entry of new organizations. Thus, organizations charge prices more than the average costs. Therefore, consumers have to pay more in case of oligopoly market.

iii. Lower Efficiency:

Leads to non-optimum levels of output. This is because the output produced under oligopoly depends on the market share held by the organization. Thus, the oligopoly organizations fail to build the optimum scales of economies and achieve optimum output.

iv. Selling Costs:

Refer to high promotional costs. The oligopolists engage in high promotion tasks to take the share of its rivals. Thus, the resources are wasted in form of high selling costs which do not add to the satisfaction of customers.

Apart from aforementioned points, oligopoly shows the poor performance from various other angles. From the point of economic welfare, it fails to satisfy customers since the price charged is very high, even more than average costs. In addition, sometimes oligopolists may face wasteful fluctuations in output as the output is not determined optimally.

HOPE IT HELPS.

The total gross margin for the month under absorption costing is $16,120.

Total variable cost per unit:

Total variable cost per unit:

= Direct materials cost per unit + Direct labor cost per unit + Variable manufacturing overhead per unit + Variable selling and administrative expenses per unit

= $44 + $19 + $13 + $12

= $88

Total fixed costs:

Total fixed costs:

Fixed manufacturing overhead + Fixed selling and administrative expenses

= $85,260 + $16,440

= $101,700

Total gross margin:

= (Selling price per unit - Total variable cost per unit) * Units sold - Total fixed costs

= ($131 - $88) * 2,740 - $101,700

= $43 * 2,740 - $101,700

= $117,820 - $101,700

= $16,120.

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Answer:

b

Explanation:

Answer:

a.  $2,000

b.  $1,400

Explanation:

FIFO

FIFO method assumes that the inventory bought in first, will be the first to the sold to customers.

Ending Inventory = 200 units × $10

                             = $2,000

LIFO

LIFO methods assumes that the inventory bought in last will be the first to be sold to the customers.

Ending Inventory = 200 units × $7

                             = $1,400

Answer: This is a bad idea to set up a automatic minimum payment on the 18 of this month because it can be fraud risk, pricing disparities, minimum payment that is terrible. And in a cause to that, she has to pay extra, has to silly small fees, and picking the same day every month but will change due dates.

I will convince Caitlyn that this is a bad idea because the automatic minimum payment might not be favorable because it will create a backlog if repayment are not done as it is suppose to be paid,

The automatic minimum payment in this context means the automatic (standard) repayment plan of the loan borrowed.

Majority of borrowers are placed on the standard repayment plan because it is automatic.

However, the standard repayment plan might not be favorable because it will create a backlog if repayment are not done as it is suppose to be paid,

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Solving a linear programming problem will provide the optimal production quantities for shirts and pants in both months, considering the available cloth, demand, and production constraints.

To determine the optimal production plan that minimizes costs while meeting the demand for shirts and pants in the next two months, we can use a linear programming approach. Let's set up the decision variables, constraints, and objective function for the given problem.

Decision Variables:

Let X1 represent the number of shirts produced in month 1.

Let X2 represent the number of pants produced in month 1.

Let X3 represent the number of shirts produced in month 2.

Let X4 represent the number of pants produced in month 2.

Objective Function:

Minimize the total cost, which includes production costs and holding costs:

Cost = 8(X1 + X2 + X3 + X4) + 3(100 + 200 + X1 + X2 + X3 + X4)

Constraints:

1. Cloth constraint for month 1:

2X1 + 3X2 ≤ 9000 (available cloth)

2. Cloth constraint for month 2:

2X3 + 3X4 + X1 + X2 - X3 - X4 ≤ 6000 + X1 + X2

3. Demand constraint for shirts in month 1:

X1 ≥ 1000

4. Demand constraint for pants in month 1:

X2 ≥ 1500

5. Demand constraint for shirts in month 2:

X3 ≥ 1200

6. Demand constraint for pants in month 2:

X4 ≥ 1400

7. Production capacity constraint for regular-time labor:

X1 + X2 + X3 + X4 ≤ 2500

The objective function will give us the minimum total cost of meeting the demands.

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