The correct journal entries to record this liquidation case would be:
Option C:
Debit: Basel Capital $4,000
Debit: Ziad Capital $4,000
Credit: All Capital $10,000
Credit: Basel Capital $32,000
Credit: Ziad Capital $18,000
Credit: Cash $50,000
In this entry, Al's capital balance is allocated to Basel and Ziad in their respective profit-sharing ratio, and the remaining cash is distributed to all partners according to their capital balances.
Please note that the information provided in the question does not specify the amount that Al owes to the partnership. If there is a specific amount owed by Al, it should be recorded separately as a debit to Al's capital and a credit to Cash in the journal entry.
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Tom is head of the marketing department and must decide how to allocate a fixed amount of funds. There are two top projects that Jim believes hold the most promise. Recently, the majority of funds have been allocated to Project A, but Tom wonders if it is time to provide Project B with a larger share of the money. Tom decides to assign a particular individual, Janice, to thoroughly criticize the proposal for Project B, looking for every possible flaw. Which technique is Tom using to help him make a better decision
Answer: Devil's advocacy
Explanation:
Devil's advocacy could be defined as having a critique on a team, board of administration who most times goes against the decision of the group. It has been realized that this helps the groups to have unbiased decisions, reduces expenses and avoid pitfalls.
This decision making method is involved mostly in areas that has to do with finance and budget.
Tom deciding to choose Janice to criticize the project is playing out the Devil's advocacy.
Which of the following accounts would normally have a credit balance and appear in the balance sheet?
A. Dividends.
B. Salary expense.
C. Revenue.
D. Uneamed revenue.
E. Accounts receivable.
The account that contains a normal credit balance & the same appears in the balance sheet is unearned revenue.
The following information is relevant:
The dividend contains the normal debit balance and the same is to be shown under the stockholder equity statement.The salary expense is to be shown under the income statement and contains a normal debit balance.The revenue is to be shown under the income statement & contains a normal credit balance.Unearned revenue is a liability account and contains a normal credit balance. Also, it is to be shown under the balance sheet.The account receivable is an asset account & it contains a normal debit balance. Also, it is to be shown under the balance sheet.Therefore we can conclude that the account that contains a normal credit balance & the same appears in the balance sheet is unearned revenue.
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you are discussing your career plans with a friend. your friend is majoring in finance. you explain to your friend why she should study marketing. what do you say?
In the given situation, the correct option would be (D) in society, marketing has a significant impact.
What is marketing?Discovering, creating, and providing value to meet a target market's needs for products and services is the process of marketing.
This may involve choosing a target audience, operating advertising campaigns, participating in trade shows and public events, designing products and packaging that appeal to consumers, and defining the terms of sale, such as the price, discounts, warranty, and return policy.
Marketing has a big influence on society.
It is one of the fundamental elements of business administration and trade.
Direct customer or business-to-business (B2B) marketing is an option for marketers (B2C marketing).
Several aspects are relevant regardless of the target audience, including the viewpoint the marketers will adopt.
They establish how marketers approach the planning phase of marketing; they are known as market orientations.
Therefore, in the given situation, the correct option would be (D) in society, marketing has a significant impact.
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Complete question:
You are discussing your career plans with a friend. Your friend is majoring in finance. You explain to your friend why she should study marketing. What do you say?
a. Jobs in marketing are easy to find.
b. Job openings are plentiful.
c. Marketing will help you increase your salary potential.
d. Marketing plays an important role in society.
______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
Which sentence best describes how money functions as a "store of value"?
(A) You can exchange money for ghods and services.
(B) It adds to your purchasing power.
(C) It assigns value to goods and services.
(D) Its value appears in the books of accounts.
Answer:
(B) It adds to your purchasing power.
Explanation:
In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
Additionally, the rate at which an asset can be used to purchase any goods or services refers to its liquidity. Thus, liquidity is a quality or characteristics of money as a medium of exchange. Therefore, money is a generally accepted medium of exchange around the world.
The three (3) main functions of money all over the world are;
I. Medium of exchange.
II. Unit of account.
III. Store of value.
The sentence which best describes how money functions as a "store of value" is that, it adds to your purchasing power.
Hence, money being a store of value makes it possible to transfer purchasing power between traders and buyers from the present to the future.
what the guy said above me
Rolland Poust is a business student. Last semester, he took courses in statistics and accounting, three hours each, and earned an C in both. He earned a A in a five-hour history course and a B in a five-hour history of jazz course. In addition, he took a one-hour course dealing with the rules of basketball so he could get his licence to officiate high school basketball games. He got an A in this course. What was his GPA for the semester? (Round the final answer to 2 decimal places.)
GPA for the semester _______
Assume that he receives 4 points for an A, 3 for a B, and so on. What measure of central tendency did you just calculate?
The GPA for the semester is 2.92. The measure of central tendency is mean.
GPA stands for Grade Point Average. It is a calculation of your average grade point per semester. It reflects your academic performance over a given period of time. GPA is a metric used by schools, colleges, and universities to evaluate academic progress. The formula for calculating GPA is:
GPA = Σ(GPA * Credit hours) / ΣCredit hours
Given that, Rolland Poust took the following courses and scored grades:
Statistics (C) – 3 hours
Accounting (C) – 3 hours
History (A) – 5 hours
History of Jazz (B) – 5 hours
Basketball rules (A) – 1 hour
So, total credit hours = 3 + 3 + 5 + 5 + 1 = 17
Credit hours * Grades = Grade points in the respective courses
Grades are assigned points according to the following table:
A: 4 points
B: 3 points
C: 2 points
D: 1 point
F: 0 points
Grades Credit Hours Grade Points
Statistics (C)3*2=6
Accounting (C)3*2=6
History (A)5*4=20
History of Jazz (B)5*3=15
Basketball rules (A)1*4=4
Total 17 51
To calculate the GPA of Rolland Poust for the semester, use the formula:
GPA = (Σ Grade points) / Credit hours= (51) / 17= 2.92
In this question, the measure of central tendency is mean. Mean is a statistical measure that is used to calculate the average of a data set. It is also referred to as the arithmetic mean. Mean is calculated by dividing the sum of all values by the total number of values in a dataset.
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To some people, speaking in public is not a stressor.
A. True B. False
Answer:
A. true
Explanation:
because of their experiences
Answer:
A. true
Explanation:
yang company sold merchandise for $2,000 cash. the event is subject to a state sales tax of 9%. recognizing the sale will require yang to
Recognising the sale will require Yang to recognize sales tax liability of $180.
A tax is a form of transfer of wealth from households and businesses to the government.
Types of Taxes
Sales tax: it is a type of consumption tax. It is the tax levied on the sales of products. An example is the value added tax. Excise tax: it is a tax levied on certain goods and services at the point of sale. This tax is usually levied on goods that the government wants to discourage its consumption. e.g. tobaccoIn order to determine the tax liability of Yang, this formula would be used:
sales tax x cost of goods sold
9% x $2000
0.09 x $2000
= $180.
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Given that Data Privacy is a key concern for businesses and
enterprise alike, what security measures can organizations employ
to enable Privacy
of Employee/Customer provided data? List as many possibl
Organizations can employ several security measures to enable privacy of employee/customer provided data, such as encryption, multi-factor authentication, access controls, data masking, data loss prevention, network segmentation, and regular security assessments.
Encryption is the process of converting data into an unreadable format, which can be decrypted only with a key. Multi-factor authentication requires users to provide two or more authentication factors to access data, such as a password and a security token. Access controls limit access to data based on user roles and permissions. Data masking replaces sensitive data with fictitious data, to protect sensitive information. Data loss prevention prevents sensitive data from being transmitted outside the organization's network. Network segmentation divides the network into smaller segments to limit access to sensitive data. Regular security assessments help identify vulnerabilities and ensure that security measures are effective.Learn more about security measures here: https://brainly.com/question/33469227
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Which of these is a transferable skill?
a.
computer coding
b.
expertise in baking bread
c.
knowledge about wines
d.
time-management skills
What are 2 possible explanations that might explain extra entry?
Human error and Fraud or manipulation are 2 possible explanations that might explain extra entry.
There are several possible explanations for an extra entry, depending on the context. Two possible explanations are:
Human error: It is possible that the extra entry is the result of a simple mistake or oversight. For example, a data entry clerk may accidentally enter the same information twice, or a cashier may accidentally ring up an item twice. Human error is a common cause of extra entries and can usually be corrected easily by reviewing the data and identifying and removing the duplicate entry.
Fraud or manipulation: In some cases, an extra entry may be the result of deliberate fraud or manipulation. For example, an employee may create a fake vendor or customer account and submit false invoices to generate extra entries and siphon off funds. Alternatively, a hacker may gain unauthorized access to a system and create extra entries to cover their tracks or steal funds. In such cases, it is essential to investigate the source of the extra entry and take appropriate action to prevent further fraud or security breaches.
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Donald Trump wanted to pull us out of the WTO because he thought China was cheating. Would you stay in or leave?
Answer: I hate Trump and would make him eat tortilla chip vertically :/
Explanation:
Plzzz help me with this one
Answer:
what the question.....
At a convenience store, two candy bars and two bags of potato chips cost $4. 00, and three candy bars and two bags of potato chips cost $4. 75. What is the price of one bag of potato chips?.
The price of one bag of potato chips is $1.25.
The problem we dealing with is related to the linear equation which is referred to be an algebraic condition of the shape y=mx+b, where m is the slope as well as b is the y-intercept, and as it were a steady and a second-order term is included. Each term in a direct equation has an exponent of 1, and when this algebraic condition is graphed, it continuously produces a straight line, which is the way It is called a "linear equation".
As we are provided that two candy bars and two bags of potato chips cost $4. 00, whereas it costs $4. 75 for three candy bars and two bags of potato chips .
let us consider the cost of potato chip packages is y and the cost of candy bars is x
From the first condition, we can say
2x+2y=4 ......(1)
From the second condition, we can say
3x+2y=4.75 ....(2)
subtracting equation (1) from (2) we get
=>3x+2y -(2x+2y) =4.75−4
=>(3x−2x)+(2y−2y)=4.75−4
⇒x=.75
Now we substituting the value of x in equation (1) we get
=>2(0.75)+ 2y=4
=>1.5+2y=4
⇒2y=4−1.5
⇒2y=2.5
⇒y=1.25
Cost of one candy bar is 0.75$ and the cost of one pack of potato chips is 1.25$
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Question 5 of 10 The tax rate. percentage paid on income taxes is called the marginal O A fixed O B. incremental O C. total O D. average SUBMIT
Answer:
Its not D
Explanation:
I got it wrong :((
an offer that can only be accepted by an offere's performance creates a(n) __________________________ contract
Answer: unilateral contract
Explanation:
An unilateral contract is a contact that is formed when an individual offers to do a particular thing in return for either money or something else that was agreed on.
Once such individual does that thing, he or she has to be given what was agreed on in the contract. A typical example is the contact regarding an insurance policy.
Therefore, an offer that can only be accepted by an offere's performance will create a unilateral contact.
Frames assist people in making sense of communication by drawing attention to:
- A - how they should be communicating
- B - how they should expect others to communicate
- both A and B
- none of the above
Answer:
both A and B
Explanation:
Answer:
A.
Explanation:
Sometimes a liquid can be sitting there and its molecules will become a gas. That’s called
___________________________________________.
Answer:
Una vez que toda la sustancia está en estado líquido, al continuar calentando vuelve a subir la temperatura y llega un momento en que las fuerzas intermoleculares ya son incapaces de mantener juntas las moléculas del líquido, por lo que éste hierve y se convierte en un gas, se produce la ebullición.
3. Which of the following is NOT an example of a violation of professional ethics?
Coming to a school activity after participating in happy hour with colleagues is not an example of a violation of professional ethics.
What is professional ethics?Professional ethics encompass the personal and corporate standards of behaviour expected of professionals. The word professionalism originally applied to vows of a religious order. By no later than the year 1675, the term had seen secular application and was applied to the three learned professions, they are divinity, law, and medicine. The term professionalism was also used for the military profession around this same time.
Professionals and those working in acknowledged professions exercise specialist knowledge and skill. The use of this knowledge should be governed when providing a service to the public can be considered a moral issue and is termed professional ethics. It is capable of making judgments, applying its skills, and reaching informed decisions in situations that the general public cannot because they have not attained the necessary knowledge and skills.
One of the earliest examples of professional ethics is the Hippocratic oath to which medical doctors still adhere to this day.
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One of the primary factors evaluated when a company is pursuing a leveraged buyout is
a. Net cash flow.
b. Free cash flow.
c. Cash flow from financing activities.
d. Cash flow from investing activities.
When a business seeks a leveraged buyout, one of the main aspects assessed is net cash flow.
What is Net cash flow?The amount of money made or lost by a corporation over a specific time period is represented by net cash flow, a profitability statistic. Typically, net cash flow is determined by dividing the cash inflows and outflows of your company by their difference.Capital expenses are a few instances of cash outflows (i.e., purchase of fixed assets). Net money flows from investing activities: Proceeds from a loan taken out to finance the business are an example of an inflow into financing activities, while loan repayments are an example of an outflow. A company's profitability is not necessarily implied by its positive cash flow. A company could be profitable while having negative cash flow, depending on its financial situation.To learn more about Net cash flow, refer to:
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There needs to be a balance between social responsibility and profit.
Yes, it is important for companies to strike a balance between social responsibility and profit.
While making a profit is essential for any business to survive, it should not come at the expense of neglecting the company's social responsibilities.
Companies have a responsibility to operate in a way that benefits society and the environment, as well as their bottom line. By being socially responsible, companies can improve their reputation, attract loyal customers and employees, and ultimately increase their profitability in the long run.
It is important for companies to recognize the value of investing in social responsibility initiatives, as it can have a positive impact on both the company and the community it serves.
Balancing social responsibility and profit is essential for businesses to maintain ethical practices and ensure long-term success. Here's a step-by-step explanation on how businesses can achieve this balance:
Set clear goals: Businesses should establish specific objectives that outline their commitment to both social responsibility and profit generation. This provides a clear direction for decision-making..
Monitor progress: Regularly review and assess the business's performance in meeting its social responsibility and profitability goals. Adjust strategies and practices as needed to ensure continuous improvement and alignment with Communicate with stakeholders: Engage with stakeholders, including employees, customers, and investors, to keep them informed about the business's progress toward achieving its social responsibility and profit goals. This builds trust and encourages a supportive environment.
By following these steps, businesses can effectively balance their social responsibility and profit objectives, fostering sustainable growth and positive impact on society.
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what are the main functions of HR department
Answer:
Personnel administration.
Personnel recruitment and selection.
Compensation and incentive management.
Development of a positive work climate.
Employee performance evaluation.
Staff training and development.
Labour relations.
Occupational health and safety.
Explanation:
The functions of a human resources Department are numerous and diverse, as this team is responsible for managing a company's human capital to meet the established business objectives. The personnel department is key in any company, from attracting and retaining talent to guaranteeing the interests and well-being of employees.
the following information is available: units in process, jan. 1 (60 percent converted) 2,000 units units in process, jan. 31 (30 percent converted) 1,000 units units started during the month 7,500 units total conversion costs accounted for during the month $237,600 materials are added at the beginning of the process. what is the cost per equivalent unit for conversion in jan. using the weighted average method?
The cost per equivalent unit for conversion in Jan. using the weighted average method is $30.
Under weighted average method,
Beginning inventory 2,000
Units started during the month 7,500
Ending inventory -1,000
Units completed and transferred out 8,500
ConversionUnits completed and transferred out 8,500
Ending work in process [1,000 x 30%] 300
Total equivalent units 8,800
ConversionCosts incurred $264,000
÷ Total equivalent units 8,800
= Cost per equivalent unit $30
Understanding the value of partially finished products to a corporation is done using the notion of equivalent units of production. They are helpful for process costing, or the study of cash flow in the production process.The amount of labour put into a specific quantity of physical goods is measured in equivalent units. You may easily determine equivalent units by multiplying the quantity of physical goods by the amount of work done on them.Learn more about Equivalent units, here
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if you are to choose among the modern theory in management,what particular theory or combination of theories will you apply as a student
The Systems approach is the contemporary theory that I would employ as a student:
Quantitative, contingent, and systems approaches make up the three main categories of contemporary management theory. These strategies aid in achieving business goals and inspiring staff members.By establishing goals that would result in the accomplishment of organizational objectives, the systems approach is pursued. As a result, it can also be used in a student's life. One can create goals using this strategy and work hard to achieve them.It helps one become more self-assured and motivated to succeed. We can split the ultimate objective by defining goals in the same way that it is done in an organization by breaking the objective down into many components.For instance, if I want to hold a rank, I must study and give each subject the same amount of priority. I can split up my entire day to study several subjects for this. I can learn all the subjects and do well if I do it this way.
Consider scientific management, also referred to as Taylorism, which is likely the most well-established management theory ever. It implies that a manager's responsibility is to boost a production system's efficiency.
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Cycle Wholesaling sold merchandise on account, with terms n/60, to Sarah's Cycles on February 1 for $1,250 (cost of goods sold of $725). On February 9, Sarah's Cycles returned to Cycle Wholesaling one-quarter of the merchandise from February 1 (cost of goods returned was $195). Cycle Wholesaling uses a perpetual inventory system, and it allows returns only within 15 days of initial sale. Required:
Answer:
1. 1-Feb
Dr Accounts receivable 1,250
Cr Sales revenue 1,250
2 . 1-Feb
Dr Cost of goods sold 725
Cr Inventory 725
3. 9-Feb
Dr Sales revenue 312.50
Cr Accounts Receivable 312.50
4. 9-Feb
Dr inventory 195
Cr Cost of goods sold 195
5. 2-Mar
Dr Cash 937.50
Cr Accounts receivable 937.50
B. Gross profit percentage=43.47%
Explanation:
A. Preparation of the journal entries to record sales , goods return on February 9 and Cash collected on March 2
1 to 3 Preparation of the journal entries to record sales
1. 1-Feb
Dr Accounts receivable 1,250
Cr Sales revenue 1,250
2 . 1-Feb
Dr Cost of goods sold 725
Cr Inventory 725
3. 9-Feb
Dr Sales revenue 312.50
Cr Accounts Receivable 312.50
(1/4*1,250)
4. Preparation of the journal entry to record goods return on February 9
9-Feb
Dr inventory 195
Cr Cost of goods sold 195
5. Preparation of the journal entry to record collected on March 2
2-Mar
Dr Cash 937.50
Cr Accounts receivable 937.50
(1,250-312.50)
B. Calculation for the gross profit percentage for sales to Sarah's Cycles
First step is to find the gross profit
Net sales 937.50
Less Cost of goods sold (530)
(725-195 )
Gross profit 407.50
Now let calculate the Gross profit percentage using this formula
Gross profit percentage = Gross profit/Sales
Let plug in the formula
Gross profit percentage=407.50/937.50
Gross profit percentage=0.4347*100
Gross profit percentage=43.47%
A trust established by your will that becomes effective upon your death is called a(n) ____________ trust.
testamentary
living
irrevocable
revocable
Answer:
testamentary trust is the answer.
Answer: hello, your answer would be TESTAMENTARY
Explanation:
i just finished the test and got it right
What information system would be most useful in determining what direction
to go in the next two years?
O A. Transaction processing system
B. Decision support system
C. Executive information system
D. Management information system
Answer:
C- Executive information system
Explanation:
AP3X
Sharon and Oliver are a married couple filing jointly, with one dependent child. For the 2022 tax year, they have these items relevant to their income tax situation: Wages $100,000 Sole proprietorship net income $10,000 Alimony paid to Oliver's former spouse $18,000 Child support paid $12,000 IRA contribution $6,000 Self-employment tax liability $1,413 Net capital loss $4,200 Child tax credit $2,000 Unreimbursed medical expenses $17,000 Oliver's divorce decree was finalized in 2015. Neither spouse is an active participant in a company-maintained retirement plan. What is the amount of the couple's adjusted gross income (AGI)
Adjusted gross income for Sharon and Oliver for the year 2022 will be $82,213.
What is adjusted gross income?The calculation of the gross adjusted income can be done in the way shown below by taking into consideration the given amounts:
\(\rm Adjusted\ Gross\ Income\ = Additions\ -\ Deductions\\\\\rm Adjusted\ Gross\ Income\ = (100000+10000+1413+4200)\ -\ (2000-17000-6000)\\\\\rm Adjusted\ Gross\ Income\ = \$82,213\)
Hence, it can be stated that the adjusted gross income of the couple is computed to be $82,213 for the year 2022.
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Do you know the difference between needs and wants? When companies that sell coffee develop their marketing strategy, do they concentrate on satisfying their customers’ needs or wants? What about a utility company, such as the local power company? A humanitarian agency, such as Doctors without Borders?
Answer: the difference between needs and wants is very simple. Needs are what we need to live, the basic requirements, and wants is everything else we might like to have, but we don’t need tosurvive. The wants depend on the needs of humans themselves.When companies like coffee store, utility company, local power company, humanitarian agencies, even doctors develop their marketing strategies they are focus in discover the needs and wants of consumers or clients, who are prospective buyers and consumer of goods or services. A need occurs when a person feels deprived of basic necessities such as local power company or go to the doctor for example. A want is a need that is shaped by a person’s knowledge, can be drink a cup of coffee or pay for a phone service. Every organization is focuson satisfy the needs or wants of a specific group or target market, developing a unique marketing program to reach each one of them
Explanation:
In Free Market Environmentalism, economists Terry Anderson and Donald Leal write, "Subsidized irrigation encourages farmers to break prairie sod and plant crops in arid regions. Rather than choosing drought-resistant crops that might be more appropriate in an environment undergoing global warming, farmers intensify the use of pesticides and chemical fertilizers to increase their yields". Which of the following explains the deadweight loss from irrigation subsidies?A) Farmers are using methods that do not match their incentives.
B) Farmers are using methods that do not result in the highest crop yield.
C) Farmers are using methods for which the social cost of growing food exceeds the social benefit.
D) Farmers are using methods without considering the methods' opportunity cost.
Answer:
b
Explanation: