Prentice Company's net sales for this period equal $177,450. Prentice Company's net sales for this period can be calculated by subtracting the sales returns and allowances, as well as the sales discounts, from the total sales.
To calculate the net sales, we need to subtract the sales returns and allowances as well as the sales discounts from the total sales.
Total sales = Cash sales + Credit sales
Total sales = $95,400 + $84,125 = $179,525
Net sales = Total sales - (Sales returns and allowances + Sales discounts)
Net sales = $179,525 - ($2,150 + $3,925) = $179,525 - $6,075 = $173,450
Therefore, Prentice Company's net sales for this period equal $173,450.
Sales returns and allowances represent the value of merchandise that customers have returned or for which they have received an allowance due to quality issues, defects, or other reasons. Sales discounts, on the other hand, are offered to customers as an incentive to prompt prompt payment. Both sales returns and allowances and sales discounts are deducted from the total sales to arrive at the net sales figure.
In this case, Prentice Company had cash sales of $95,400 and credit sales of $84,125, resulting in a total sales figure of $179,525. However, there were sales returns and allowances amounting to $2,150 and sales discounts totaling $3,925. By subtracting these two amounts from the total sales, we find that Prentice Company's net sales for this period equal $173,450. Net sales is a crucial metric that reflects the actual revenue generated by a company after accounting for returns, allowances, and discounts.
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Leonard's home was damaged by a fire. He also had to be absent from work for several days to make his home habitable. Leonard's employer paid Leonard his regular salary, $2,500, while he was absent from work. In Leonard's pay envelope was the following note from the employer: To help you in your time of need. Leonard's fellow employees also took up a collection and gave him $900. Leonard spent over $4,000 repairing the fire damage.
Based on the above information, how much, if any, is Leonard required to include in his gross income?
Leonard is required to include $2,500 in his gross income for the taxable year because it was paid to him by his employer.
When individuals receive money, it's important to determine whether or not it is taxable income that must be reported on their tax return. Gross income includes all income from whatever source it was received.
In the case of Leonard, the $2,500 he received from his employer while he was absent from work is taxable income that he must report on his tax return. On the other hand, the $900 gift from his co-workers is not taxable income because it was a gift, and gifts are generally not considered taxable income.
Finally, the money that Leonard spent to repair his home is not taxable income because he used it to restore his property to its pre-fire condition.
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Which factor does NOT determine the price elasticity of demand?
the slope of the supply curve
the proportion of the budget spent on the item
the time available to adjust to price changes
the number of available substitutes
The factor that does NOT determine the price elasticity of demand is the slope of the supply curve.
The price elasticity of demand is determined by the responsiveness of the quantity demanded to changes in price, which is affected by factors such as the proportion of the budget spent on the item, the time available to adjust to price changes, and the number of available substitutes.
The proportion of the budget spent on the item is an important factor in determining the price elasticity of demand. When a larger proportion of the budget is spent on the item, the demand tends to be more elastic, meaning that consumers are more likely to adjust their consumption in response to changes in price.
Additionally, the time available to adjust to price changes also affects the price elasticity of demand. When consumers have more time to adjust to price changes, the demand tends to be more elastic.
Finally, the number of available substitutes is also a key factor in determining the price elasticity of demand.
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Assuming the workmans live in california, a community property state, and that diana and ryan file separately, what is diana's gross income minus expenses on the day care business?
Diana and Ryan file separately, Diana's gross income minus expenses on the day care business would be half of the total gross income minus expenses for the business.
In California, a community property state, the income and expenses from a business owned by a married couple are generally split evenly between the two spouses. To calculate Diana's gross income minus expenses, we would first need to know the total gross income and total expenses for the day care business. Once we have those numbers, we can use the following formula:
Diana's gross income minus expenses = (Total gross income / 2) - (Total expenses / 2)
For example, if the total gross income for the day care business was $100,000 and the total expenses were $50,000, Diana's gross income minus expenses would be:
Diana's gross income minus expenses = ($100,000 / 2) - ($50,000 / 2) = $50,000 - $25,000 = $25,000
Therefore, Diana's gross income minus expenses on the day care business would be $25,000.
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Connie thinks that her salary and tax rate for next year will be lower than for this year. What step should she take to minimize her taxes in the current year? Select one: a. Accelerate receipt of income. b. Delay deductions. c. Practice tax evasion. d. Accelerate deductions. e. None of these will allow her to minimize her taxes.
Answer:
d. Accelerate deductions
Explanation:
Tax acceleration is a way that a taxpayer is able to hasten tax deduction.
Taxi is paid in the year that it was incurred instead of in the subsequent year.
This way tax expense that will be paid from the current year is reduced and tax income will increase.
In the given scenario where Connie thinks that her salary and tax rate for next year will be lower than for this year, the best way to minimise her tax expense starting this year is by tax acceleration
Sam is carrying a balance on his credit card of $500. The credit limit on the card is $1,500. What is his utilization rate?
The utilization rate of Sam that carrying a balance on his credit card of $500, that having a limit of $1,500, is 33%.
What is credit card?Credit card is a plastic card that is used for withdrawing the excess amount from the bank account. This card is generally issued by the banks to their customers.
Sam's credit card use rate is 33 percent because he has a $500 load on his card with a $1,500 limit.
Therefore, the utilization rate is 33%.
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In
, people invest money in a company in exchange for the company’s
.
Answer:
In equity crowdfunding, people invest money in a company in exchange for the company’s shares
Explanation:
Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.
Startups and early-stage companies use this method to raise capital.
The
the unemployment rate, the
worse the economy.
A. lower
B. higher
C. more stagnant
Answer:
a
Explanation:
less people working less people to distribute their products
a convenience store owner is contemplating putting a large neon sign over his store. It would cost 50000 but is
Answer:
$24,000
Explanation:
It would cost $50,000, but is expected to bring an additional $24,000 of profit to the store every year for five years.
Hope this helped <3
Computerized Accounting with Quickbooks
1. What is the process for making Bank Deposits?
2. How are customers listed in the invoice form?
3. What report will show you all overdue account?
4. If the difference is not zero when you click reconcile on a Bank Reconciliation, what message will QuickBooks give you?
Answer:I hope this helps you
Explanation:
1. To make a bank deposit in QuickBooks, you would go to the Banking menu, select Make Deposits, choose the appropriate bank account, and then enter the details of the deposit, including the date, the deposit amount, and any memo or notes you may want to include.
2. Customers are typically listed in the invoice form in alphabetical order by default, but you can also sort them by other criteria such as date, amount, or balance due by clicking on the appropriate column heading.
3. The report that would show you all overdue accounts is the A/R Aging Detail report. This report will show you all outstanding invoices and how long they have been outstanding.
4. If the difference is not zero when you click reconcile on a bank reconciliation in QuickBooks, the software will display an error message indicating that the reconciliation is out of balance. This means that there is a discrepancy between the ending balance on the reconciliation and the actual balance in the bank account. You will need to review your records carefully to identify and correct the error before you can successfully complete the reconciliation.
a. associates degree
b. doctoral degree
c. high school degree
d. professional degree
what is a purpose of the acceptance and continuance of client relationships and specific engagements element of quality management?
Provide reasonable assurance that firms do not associate with clients whose management lacks integrity is a purpose of the acceptance and continuance of client relationships.
There are steps that can be taken to help lower the risk of taking on a problematic client from another company. It is equally crucial to keep an eye on both new engagements from existing clients and existing clients themselves to make sure they continue to meet the firm's acceptance criteria, which includes conflict of interest criteria.
With the goal of enhancing the quality of the work done by public accounting firms in the audit profession, Singapore Standard on Quality Control 1 proposes a number of methods that support firm-wide quality controls.
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Complete question
What is the primary purpose of the acceptance and continuance of client relationships and specific engagements element of quality control?
A. Guarantee that firms do not associate with clients whose management lacks integrity.
B. Provide reasonable assurance that firms do not associate with clients whose management lacks integrity.
C. Guarantee that firms will not be sued as a result of association with a client.
D. Provide reasonable assurance that firms will not be sued as a result of association with a client.
Explain how the classic model of bank regulation
operates and then compare it to the behavior of U.S. banks leading
up to and during the Great Recession
The classic model of bank regulation is a regulatory framework that relies on government agencies and institutions to ensure that banks and other financial institutions comply with regulations and laws. This framework has been the traditional approach to bank regulation for many years, and it is still the most common approach in use today.
In this model, the government sets up rules and regulations that banks must follow. These rules are designed to ensure that banks are stable and safe, and that they do not take on too much risk. They also help to protect consumers from fraud and other types of abuse. Banks are then monitored to ensure that they comply with these regulations. The government has the power to enforce these regulations through a variety of means, such as fines or even revoking a bank's charter. In the classic model of bank regulation, the government is seen as the primary regulator of the banking industry. Banks are expected to follow the rules and regulations set by the government, and the government has the power to punish banks that do not comply. However, during the Great Recession, U.S. banks did not behave in accordance with the classic model of bank regulation. Instead, many banks took on too much risk and engaged in practices that were not in the best interests of their customers. For example, some banks issued mortgages to people who could not afford them, which led to a wave of foreclosures when these borrowers defaulted on their loans. Other banks engaged in complex financial transactions that were difficult to understand and even more difficult to regulate.
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hurry! #3
What soft skills should a customer service representative use when resolving customer issues?
negotiation and bartering
control and manipulation
empathy and humor
speed and knowledge
Answer:
empathy and humor
QUESTION 4 of 10: A clothing designer is looking for a job that can cover her living expenses of $5,000 per month. If she plans on working
forty hours a week, with four weeks a month, what's the minimum hourly wage she needs?
Answer:
$31.25
Explanation:
40 hours a week x 4 weeks a month = 160 hours of work per month
$5,000 divided by 160 = $31.25
Jerry jugó con 333 amigos hoy, con cada uno en diferentes momentos. Jugó con Tommy por 1\dfrac{7}{8}1
8
7
1, start fraction, 7, divided by, 8, end fraction horas, después con Nathan por 1\dfrac{3}{4}1
4
3
1, start fraction, 3, divided by, 4, end fraction horas, y luego con Chris por \dfrac{3}{2}
2
3
start fraction, 3, divided by, 2, end fraction horas.
¿Cuántas horas jugó Jerry con sus 333 amigos hoy?
for a total of seven hours, Jerry played with his 333 friends. First, we need to determine how long Jerry played with his three friends overall.
Con Tommy: 1 hour, seven hours. Con Nathan: 1 hour and 34 minutes. Con Chris: "dfrac" hours.We need to have a common denominator to add these time fractions. We can convert every fraction to its counterpart using an average denominator of 8:1 dfrac 7 8 Equals dfrac 15 8
1 dfrac3/4 equals dfrac7/4 3dfrac 3 2 = 12dfrac 8dfrac 1dfrac 2dfrac 1dfrac 128dfrac 256 .respectively.Therefore, Jerry and his friends played for the following amount of time:Begin-aligned: "dfrac 15 8 + dfrac 7 4 + dfrac 1 2" &= "dfrac 30 8 + dfrac 7 8 + dfrac 4 8" &= "dfrac 41 8 " &= "5 dfrac 1 8" End-aligned . As a result, Jerry played with his 333 pals for 5 and 1/8 hours rather than 7 hours.
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what is the opportunity cost of purchasing a new video game console?
The opportunity cost of purchasing a new video game console is the value of the next best alternative that is foregone.
Opportunity cost is a term that is commonly used in economics. Opportunity cost refers to the expense of not choosing the next best alternative for the expense of the item or activity selected. Opportunity cost is always about the option that was not chosen, rather than the one that was chosen. To put it another way, opportunity cost is the value of the next best alternative that is foregone.
If you purchase a new video game console, the opportunity cost may be the expense of the next best alternative. The opportunity cost, for example, might be buying new books or taking a trip. Since money is limited, the cost of not being able to do or buy anything else with that money becomes the opportunity cost. The next best option that the consumer could have chosen but chose not to, owing to the constraints on their resources, is the opportunity cost.
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Accountants and auditors age receivables to primarily do which task?To determine the most profitable customersTo help estimate the total amount of gross receivablesTo determine the most profitable productsTo help estimate the allowance for doubtful accounts
Accountants and auditors age receivables to primarily To help estimate the allowance for doubtful accounts. Option D.
What does it mean to age receivables?A company's accounts receivable are categorized in accounts receivable aging reports on a regular basis based on how long an invoice has been unpaid. It serves as a barometer to assess the stability and dependability of a company's clientele.
Sort the unpaid bills for a company according to the number of days outstanding in order to create an accounts receivable aging report. The amount of money your clients owe you for goods and services they've purchased is shown in this report.
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The visual enhancement of any drawing through color, value, and texture
Answer:
That would be the composition of a work.
Source:
"The arrangement of elements within a work of art."
https://www.tate.org.uk/art/art-terms/c/composition
7. Why do you think the graduation and retention rates for your selected colleges are displayed at the bottom of
the SAR? How might that information impact your college selection process?
Please I need help I speak little English
Answer:
It is on the bottom so you can compare the graduation and retention percentages all together and choose one together.
Explanation:
Because what if the college you want has low graduation rates, that would be bad for you, so by including it on the bottom, you calook at them all together and choose the best for you.
The graduation and retention rates are displayed at the bottom of the Students Aid Report in order to
The Students Aid Report refers to the document that gives a student the basic information that will be vital on knowing the eligibility for the Federal financial aid.The graduation rate is important as it helps the student to know the quality of the school. It is also vital as it helps the person in knowing the number of students who finish their degrees as at when due.With the graduation and retention rates for the colleges displayed at the bottom of the Students Aid Report, students can make right choices about the schools.In conclusion, with the above information, the student can then choose the best school that he believes will be good for him or her.
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A market failure occurs when:_________
a. price equals marginal cost.
b. there is a nonoptimal allocation that leads to an inefficient market.
c. a firm shuts down.
d. deadweight loss is maximized.
A market failure occurs when there is a nonoptimal allocation that leads to an inefficient market.
When people act in their own best interests rationally, the result is often subpar or economically inefficient. This is known as market failure. Explicit markets, also known as usual markets, are those in which commodities and services are bought and sold outright.
Lack of information, market regulation, public goods, and externalities can all contribute to market failure. Government intervention, such as new laws, taxes, tariffs, subsidies, and trade restrictions, can be used to fix market failures.
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FILL IN THE BLANK. Giving hr managers full control access to files in a folder called hr policies while giving hr representatives read-only access to the files in the same hr policies folder is an example of ___ access controls
Giving HR managers full control access to files in a folder called HR policies while giving HR representatives read-only access to the files in the same HR policies folder is an example of role based access controls.
What is role based access control?It is a term in computer system security which means giving the right access to the authorized users only. The role based access control restricts the access to the system for unauthorized users, so it secures the system from unwanted changes. The role based access control involves certain permission settings and privileges based on what is the role of the users and whether the user is an authorized personnel to perform any change to the system or data.
Your question is incomplete, but most probably the answer choice were:
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taylorism attempted to use scientific principles to better handle which aspect of business?
Taylorism attempted to use scientific principles to better handle industrial production in a business.
The term Taylorism was a scientific management theory that was proposed by Frederick Taylor.
It was a factory management theory that was established in the nineteenth century in order to raise efficiency.
To do this every step in the industrial manufacturing process had to be broken down so that the production would be more specialized and the tasks would be repetitive.
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organizational ______ refers to how well employees understand the organization's strategic direction, social dynamics, and physical layout.
Organizational clarity refers to how well employees understand the organization's strategic direction, social dynamics, and physical layout.
It is a measure of how well the organization communicates its vision, mission, and values to its employees, and how well employees are able to understand and align with them.
Organizational clarity is important for creating a shared sense of purpose and direction, and for ensuring that employees are able to work together effectively to achieve the organization's goals. It can also help to promote employee engagement, job satisfaction, and retention, as well as to reduce confusion and conflict within the organization.
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the management's preparation of activities to be carried out by the organization is termed
a) planning
b) delegating
c) organising
d) motivating
Answer:
a) planning
Explanation:
Planning is a major function of management. It entails thinking ahead or visualizing how to execute events or processes before their time is due. Planning is actualizing events in one's mind to achieve desires results before implementing them on the ground. It is going ahead of time and making preparations for future events.
Planning makes processes and events go smoothly. It makes sure all necessities are availed on time and all possible hitches have been addressed.
A cost that remains constant per unit at various levels of activity is a:
a. mixed cost.
b. manufacturing cost.
c. variable cost.
d. fixed cost.
A cost that remains constant per unit at various levels of activity is known as: a variable cost. The correct option is C.
Variable costs are those costs that change in direct proportion to the level of production or business activity. For instance, the more products a company produces, the higher the total variable cost will be.
Some examples of variable costs include raw materials, direct labor, and certain utilities such as electricity or gas, which may fluctuate with production levels.
On the other hand, fixed costs do not change with the level of production and remain constant regardless of business activity. Examples of fixed costs include rent, salaries, and insurance.
Mixed costs, also known as semi-variable costs, have both fixed and variable components. Manufacturing costs typically include a combination of fixed and variable costs that are involved in producing goods.
To recap, a cost that remains constant per unit at various levels of activity is a variable cost, as it changes in direct proportion to the level of production. This is different from fixed, mixed, or manufacturing costs, which each have their unique characteristics in relation to business activity.
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What’s the best answers
7. Solve this two step equation:
3 x 5 – 7 = y
Answer:
y=8
Explanation:
15-7=y
8=y
y=8
Answer:
its 8
Explanation:
if u do 3 times 5 its 15, if u do 15-7 which equal 8 or y so y=8
Identify which of the following statements is true. Group of answer choices In a tax-free reorganization, the acquiring corporation's holding period for the acquired properties includes the period of time the target corporation held the properties. The receipt of cash by a shareholder results in the recognition of all of his or her realized gain even if the transaction qualifies as a tax-free reorganization. In a tax-free reorganization, if the acquiring corporation uses nonmonetary boot property, gains or losses will be recognized by the acquiring corporation. All of the above are false.
Answer:
d
Explanation:
a marketer has various groups to target but notices that the needs of the various segments aren't very different. what should the marketer do in this instance?
If a marketer notices that the needs of different target segments are not very different, it might indicate that the segments are not well-defined, or that the marketer's understanding of the segments is not accurate.
In this case, the marketer should consider reevaluating their segmentation strategy to better understand the unique needs of each group.
One approach could be to conduct additional market research to gather more information about the target segments, including their demographics, behavior patterns, and purchasing motivations. This information can help the marketer to better understand the unique needs of each segment and create more effective marketing strategies to reach them.
Another approach could be to consider consolidating the target segments into a single, more broadly defined group. This approach can simplify the marketing process and reduce the costs associated with targeting multiple segments.
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What is the act of gathering information relative to a company's action and the factors that affect the space in which the company operates?