Reese works in Prince Edward Island and has 2022 payroll totals of regular earnings of $62,700.00, vacation pay of $2,680.00, overtime pay of $518.00, interest-free loan taxable benefit of $780.00, group term life insurance taxable benefit of $314.00, pension adjustment of $2,880.00 and employee contributions to a Registered Retirement Savings Plan of $1,890.00. Calculate the total to be recorded in Box 14 of Reese's T4 information slip.
Answers
The total to be recorded in Box 14 of Reese's T4 information slip is $67,992.00.
To calculate the total to be recorded in Box 14 of Reese's T4 information slip, we need to add up the regular earnings, vacation pay, overtime pay, and any taxable benefits.
Total earnings:
Regular earnings: $62,700.00
Vacation pay: $2,680.00
Overtime pay: $518.00
Total taxable benefits:
Interest-free loan taxable benefit: $780.00
Group term life insurance taxable benefit: $314.00
Total earnings + Total taxable benefits:
$62,700.00 + $2,680.00 + $518.00 + $780.00 + $314.00 = $67,992.00
The total to be recorded in Box 14 of Reese's T4 information slip is $67,992.00.
To know more about the information slip click here:
https://brainly.com/question/30318240
#SPJ11
Related Questions
which of the following will increase investment spending
A) More optimistic business expectations
B) An increase in interest rates
C) Ann increase in business taxes
D) A decrease in capacity utilization
E) All of the above
Answers
Answer:
E
Explanation:
All the suggested options can increase investment spending
Investment spending is the money spent towards business expansion in the area of acquiring capital goods such as plant and machinery or goods used in the production like the raw materials.
Optimistic business decision : Leads to more investment in potential business opportunities
Increase in interest rates : As funds are borrowed to finance investment , increase interest rate will increase spending.
Increase in business taxes : This means that companies will have to pay more on taxes
Decrease in capacity utilization : This will lead to the acquisition of more machinery and investment spending increase
Answer:A More optimistic business expectations
Explanation:
A p e x
25 points, Why are certain brands global? 3-4 sentences, please.
Answers
Answer: Certain Brands can be global because of their profits, Let's take cars for a example, Cars can be made and distributed based on the company if they can pay for all the shipping and everything, but it really depends on the company and what they are selling.
Explanation:
At the beginning of every shift, Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory. Why would he do this?A) So he can determine if employees are taking sauce home.B) So he can compare the quantity used with the budgeted amount.C) So he will know how much pizza sauce to order.D) So he will know how many customers visited his pizza parlor during his shift.
Answers
Answer:
B) So he can compare the quantity used with the budgeted amount
Explanation:
For a business to keep making profit it needs to ensure that the amount of materials it is using in its production process is within a defined limit. So it sets up a budget to guide the amount of raw materials to be used.
In this scenario Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory.
This is done to compare quantity of raw materials used to the given budget of the business.
This check will make sure that the business stays profitable.
the cost leadership positioning strategy means producing a product or service of acceptable quality at consistently lower production costs than competitors.
Answers
Cost management. the positioning strategy of creating a good-quality product or service at continuously lower manufacturing costs than rivals can, allowing the company to provide the good or service at the lowest price in the sector.
Describe cost management using an illustration?
Plans for cost management keep all project expenses, both direct and indirect, in one location. To make sure there are no budget overruns, a project manager will keep track of these expenditures. The budget for a home renovation project is one example of a cost management plan.Which five cost management functions are there?
Cost management is a task that involves the procedures needed to keep projects' finances under good control (evaluating, estimating, budgeting, monitoring, analyzing, forecasting and reporting the cost information).
Learn more about cost management
brainly.com/question/17350836
#SPJ4
According to the consumer decision process, after consumers recognize the need for a product, they then engage in ___
- an information search
- advantages and disadvantages
- just price information
- compotition of product
Answers
Option (a), According to the consumer decision process, after recognizing the need for a product, customers conduct an information search.
What role does information searching play in the choices that customers make?Consumers actively seek out and use information from internal and/or external sources throughout the information search phase of the decision-making process to improve their purchasing decisions. When accessing information that has been previously memorized, consumers employ internal search.
What role does the desire for customer recognition have in the choice to purchase?The first step in the decision-making process for the buyer is becoming aware of their needs. At this point, the customer either realizes a need or discovers that a necessary good or service is lacking. This requirement may be made known to people by internal or external signs. The internal impulses thirst and hunger are two examples.
Learn more about information search: https://brainly.com/question/8874251
#SPJ1
Market Street Grocery carries a complete line of products that appeal to Hispanic customers. Market Street buys cleaning products such as Fabuloso, food products such as tortillas and tacos, and birthcards written in Spanish from its suppliers. This is an example of segmentation based on _______.
Answers
Due to the fact that the segmentation is based on products that appeal to Hispanics, this is a segmentation based on Psychographic factors.
What is psychographic segmentation?
This is the type of segmentation that is made due to the lifestyle of a group of people. This is one where the customers are broken into segments.
These segments are affected by the values, the beliefs and the social status of these people.
Read more on segmentation here:https://brainly.com/question/7181203
what is the primary purpose of a mission statement
Answers
Answer: A mission statement is a concise explanation of the organization's reason for existence. It describes the organization's purpose and its overall intention. The mission statement supports the vision and serves to communicate purpose and direction to employees, customers, vendors and other stakeholders.
HELPPPP!!!! WILLL GIVE BRAINLEST!!!
It allows you to rent a car while yours is being repaired. a. auto replacement c. personal damage liability b. comprehensive physical damage d. rental reimbursement
Answers
Answer:
I'm pretty sure the answer is d
Explanation:
Alternatively, you may pay out-of-pocket for your rental then seek reimbursement from the other insurance company once it completes its investigation.
Answer:
D
Explanation:
write and explain any five relation between market and entrepreneurship skills
Answers
Answer:
A great entrepreneur must be able to effectively communicate, sell, focus, learn, and strategize.
An ability to continuously learn is not just a key entrepreneurial skill, but also a very valuable life skill.
Growing a business requires a sound strategy based on inherent business sense and skills.
Moneygrabber mutual fund gains 25% in year one and loses 20% in year two. What is its
actual annual return?
O-5%
0%
5%
10%
Answers
The actual annual return of Money grabber mutual fund is 0%. The appropriate response is option B.
What is mutual fund?A corporation that pools money from several people and invests it in securities like stocks, bonds, and short-term debt is known as a mutual fund. The portfolio of a mutual fund refers to all of its holdings. Mutual fund shares are purchased by investors. Each share reflects a shareholder's ownership interest in the fund and the revenue it produces.
The mutual fund gains 25% in year one and loses 20% in year two, thus the average annual rate of return is 2.5%. The actual annual rate is 0%.
The appropriate response is option B.
To learn more about mutual fund
https://brainly.com/question/7804398
#SPJ1
The United States enjoys a free market economy in which _____. most economic decisions are made by the central government the states have all of the authority to make economic decisions regarding businesses that do not operate across state lines most economic decisions are allowed to occur naturally as a result of market changes made by government intervention none of the above all of the above
Answers
Answer:
none of the above
Explanation:
I think its none of the above because in free economy the businesses basically do whatever they want and government/state has little to no interference.
A personal assessment can point a person in the direction of a particular career cluster. What best describes a career cluster?
a group of careers that start with the same letter
careers located in the same building
careers available at a specific company
a group of related careers
Answers
Career clusters are collections of similar job categories. They provide you with a simple approach to investigate several job types under a single broad category. Hence option D is correct .
What is cluster career ?Career clusters are collections of similar job categories. They provide you with a simple approach to investigate several job types under a single broad category. Start with one of the clusters, such as construction or health care, to understand what it entails, current trends, and the various vgit provides.
Here are a few examples of career clusters: Arts, Audio/Video Technology, and Communication; Law, Public Safety, Corrections, and Security; Agriculture, Food, and Natural Resources; and Health Science. All of these names should be fairly self-explanatory.
Agriculture commodities and resources, such as food, fibre, wood products, natural resources, horticulture, and other plant and animal goods/resources, are produced, processed, marketed, distributed, funded, and developed.
Learn more about Cluster career here
https://brainly.com/question/8160823
#SPJ1
The world as we know it is at a halt. This fast-pacing planet and its success hungry people have been put on hold. With so much advancement in all sectors of science, we are still struggling to find an actual cure for this worldwide pandemic. People are stuck at home doing all the work that they would have to do in the outside world. Amidst all these negatives, a positive in this pandemic is the evolution of online platform. One of the stores that popped up in the crowd is Hot Pan, a groundbreaking cloud kitchen that sells pizza at doorstep until 4 am. Now answer the following,
f. How will you manage the wailing line? (1.5 Marks)
g. Figure out the required number of servers.
Answers
f. To manage the wailing line of Hot Pan, the following things can be done:1. The restaurant can send notifications to customers when their orders are ready.2. Hot Pan can offer online ordering services to reduce the time spent in queues.3. Hot Pan can provide self-order kiosks that can assist customers in placing orders and making payments quickly.
g. To figure out the required number of servers for Hot Pan, the following steps should be taken:Step 1: Determine the sales rate of pizzas per hour during peak hours. For example, if they sell 100 pizzas per hour during peak hours, this is the minimum number of servers they will need to have.Step 2: Determine the time it takes to make and deliver each pizza. For example, if it takes 10 minutes to make and deliver one pizza, then they will need at least 6 servers to handle 100 pizzas in an hour.Step 3: Adjust the number of servers based on the number of orders received during peak hours. If there is an increase in demand, more servers will be required to handle the orders efficiently.
Know more about manage the wailing line of Hot Pan here:
https://brainly.com/question/4207596
#SPJ11
George has a monthly income gross of 3500 and his monthly debt payments are 325 car payments 290 student loan payment 930 mortgage payment and 400 in credit card payment what is the total debt to income ratio rounded to the nearest percent
Answers
A standard rule of thumb is to preserve your ordinary debt-to-income ratio at or under 43%.
What debt-to-income ratio is too high?Debt-to-income ratio is your monthly debt obligations compared to your gross month-to-month income (before taxes), expressed as a percentage. A excellent debt-to-income ratio is less than or equal to 36%. Any debt-to-income ratio above 43% is regarded to be too lots debt.
What is the easiest debt-to-income ratio for a mortgage?Ideal debt-to-income ratio for a mortgage
In phrases of your front-end and back-end ratios, lenders normally seem to be for the best front-end ratio to be no greater than 28 percent, and the back-end ratio, together with all month-to-month debts, to be no greater than 36 percent.
Learn more about debt to income ratio here:
https://brainly.com/question/26258146#SPJ4Select the correct answer. Richard runs a small manufacturing business. Recently, he discovered that some of the financial transactions recorded in the account books seem misleading. He suspects that some of his employees might be misusing the business’s cash reserves. Which of these measures of internal accounting controls may Richard take to avoid such instances in the future?
A. firing all the employees in the given department
B. reducing the salaries of suspected employees
C. sanctioning financial transactions in advance in the future
D. organizing a conference to discuss such issues
Answers
Answer:
C. sanctioning financial transactions in advance in the future
Explanation:
Sanctioning a financial transaction means approving or authorizing a transaction to be executed. Requiring approval for financial transactions is one of the measures of internal control. Employees are required to seek approval from management or authorities before proceeding with transactions.
Richard should demand that he sanctions all transactions in advance. Through this measure, he will get details and explanations of financial transactions before they happen.
Write one to two paragraphs explaining the importance of the seven marketing functions. Include examples to illustrate your points.
Answers
Answer: See explanation
Explanation:
The seven functions of marketing include:
1. Marketing Information Management: This helps an organization to understand what the customers need. Information can be gathered through the review of market research reports, social media, feedback from sales team.
2. Distribution: An organization's distribution strategy helps the customers to know where to get the product or the company. Marketing helps in the distribution of goods and services to ones customers.
3. Pricing: Pricing plays a role in the success of a particular product. Marketing helps one to be aware of the pricing strategy to use in order to have a competitive edge over ones rivals.
4. Product/Service Management: Marketing is vital for the development of a product as the information gotten from customers can be used to incorporate in new products.
5. Promotion: Through marketing, prospective customers can be made aware of a particular product through promotional activities.
6. Sale - Marketing aids sales as it brings about an increase in the volume of goods sold to the public and also on ways to improve the product through feedbacks.
7. Financing: Successful marketing gives revenue to a business and help in strengthening the loyalty of customers and help in gaining new customers.
What refers to training and empowering frontline workers to solve a problem immediately?
a. just-in-time
b. poka-yoke
c. benchmarking
d. kaizen
e. service recovery
Answers
e. service recovery refers to the process of addressing and resolving customer issues or problems to restore customer satisfaction and loyalty. It involves training.
empowering frontline workers to promptly and effectively resolve customer concerns or complaints on the spot, without having to escalate the issue or involve higher levels of management.
By providing frontline workers with the necessary training, authority, and resources, organizations aim to enable them to take immediate action and solve customer problems during the customer interaction itself.
Service recovery strategies often include guidelines, procedures, and training programs that equip frontline workers with problem-solving skills, effective communication techniques, and the ability to address customer concerns in a timely and satisfactory manner. By enabling frontline workers to handle and resolve issues on their own, organizations can foster customer trust, loyalty, and long-term satisfaction.
To know more about Service recovery:- https://brainly.com/question/12324443
#SPJ11
when benefit is constant, how to manipulate the cost to have
positive NPV (Net present value).
"
Answers
These are the following three measures to get a positive Net present value given below.
The concept of net present value (NPV) is employed to examine the feasibility of long-term investments or projects. NPV is defined as the difference between the present value of cash inflows and the present value of cash outflows. The NPV of a project is negative if the cost of the project exceeds the current value of its cash inflows.
For a project to have a positive NPV, its current value of cash inflows must be greater than the cost of the project. To achieve positive NPV when the benefit is constant, the cost must be lowered.
In order to get a positive NPV, a company must take the following measures:
Reduce the upfront cost: Decrease the initial cost of the project in order to increase the NPV. This may be achieved by lowering material or labor costs or finding a cheaper alternative.Reduce the long-term expenses: By minimizing operating and upkeep costs, you may maximize your NPV. Using less energy, for example, lowers energy bills and increases cash inflows. Similarly, utilizing eco-friendly equipment or reducing labor costs via automation may help minimize long-term expenses.Reduce the discount rate: The present value of future cash inflows is influenced by the discount rate. The present value of future cash flows will increase if the discount rate is decreased. By decreasing the discount rate, a company can boost NPV.Learn more about Net present value from the given link.
https://brainly.com/question/17199492
#SPJ11
How will opportunities at purdue support your interests, both in and out of the classroom?.
Answers
Students can participate in numerous clubs and intramural sports as well. Students from Purdue perform in musical and theatrical productions. There are several chances for students at Purdue University to pursue your interests both in and out of the course.
A person can major in a huge range of disciplines at Purdue University. Purdue University provides programs in French, Russian, Japanese, and Spanish, among many other languages, for students who want to major in a certain language. There are a number of majors available for those interested in education. Acting and theater are other majors offered at Purdue. There are numerous degrees available in a variety of disciplines, such as in history, economics, and agriculture. Additionally, Purdue has majors in additional disciplines. There are various possibilities for kids to participate outside of the classroom. There are almost 1,000 different student organizations to pick from. Due to Purdue's affiliation with the Big Ten Conference, there are numerous sporting events to attend. Additionally, students can participate in a variety of clubs and intramural sports. Theatrical and musical productions at Purdue include student participation. The chances for students to pursue their passions both in and outside of your classroom are numerous at Purdue University.
Learn more about Purdue university here:
https://brainly.com/question/13961950
#SPJ4
Merger Valuation with the CAPV Model Hastings Corporation is interested in acquiring Vandell Corporation. Vandell currently has 1 million shares outstanding and a target capital structure consisting of 30% debt; its current beta is 1. 10 (i. E. , based on its target capital structure). Vandell's debt interest rate is 8%. Assume that the risk-free rate of interest is 6% and the market risk premium is 5%. Both Vandell and Hastings face a 35% tax rate. Hastings Corporation estimates that if it acquires Vandell Corporation, synergies will cause Vandell’s free cash flows to be $2. 5 million, $2. 7 million, $3. 5 million, and $3. 89 million at Years 1 through 4, respectively, after which the free cash flows will grow at a constant 4% rate. Hastings plans to assume Vandell’s $9. 49 million in debt (which has an 8% interest rate) and raise additional debt financing at the time of the acquisition. Hastings estimates that interest payments will be $1. 6 million each year for Years 1, 2, and 3. After Year 3, a target capital structure of 30% debt will be maintained. Interest at Year 4 will be $1. 431 million, after which the interest and the tax shield will grow at 4%. What is Vandell’s pre-acquisition levered cost of equity? What is its unlevered cost of equity? Round your answer to two decimal places. Do not round intermediate calculations. Pre-acquisition levered cost of equity: % Unlevered cost of equity: % What is the intrinsic unlevered value of operations at t = 0 (assuming the synergies are realized)? Round your answer to the nearest cent. Do not round intermediate calculations. $ What is the value of the tax shields at t = 0? Round your answer to two decimal places. Do not round intermediate calculations. $ million What is the total intrinsic value of operations at t = 0? What is the intrinsic value of Vandell’s equity to Hastings? What is Vandell’s intrinsic stock price per share? Round your answer to two decimal places. Do not round intermediate calculations. Value of operations: $ million Equity value to acquirer: $ million Intrinsic value per share of existing shares to acquirer: $ /share
Answers
The answers are: 12.96%, 11.74%, $23,486,963.59, $2,244,609.87 million, $25,731,573.46 million, $16,000,000.00 million, $16.00/share
To compute the various valuation components using the Capital Cash Flow (CCF) or Capital Cash Flow-to-Equity (CCFE) model, we need to follow a series of steps.
Step 1: Calculate Pre-acquisition Levered Cost of Equity (Kce)
Given:
- Target capital structure: 30% debt
- Current beta: 1.10
- Risk-free rate: 6%
- Market risk premium: 5%
- Tax rate: 35%
We can calculate the levered cost of equity using the following formula:
Kce = Kcu + (Kcu - Kd) * (1 - Tax rate) * (Debt / Equity)
Where:
- Kce = Levered Cost of Equity
- Kcu = Unlevered Cost of Equity
- Kd = Cost of Debt
- Debt = Debt outstanding
- Equity = Equity outstanding
Using the given information, we can calculate the pre-acquisition levered cost of equity:
Kd = 8% (given)
Debt = $9.49 million (given)
Equity = $23.86 million ($9.49 million debt + $14.37 million equity)
Tax rate = 35% (given)
Kcu = Kd + Beta * Market Risk Premium
Kcu = 8% + 1.10 * 5% = 13.5%
Kce = 13.5% + (13.5% - 8%) * (1 - 0.35) * (9.49 / 14.37) ≈ 12.96%
Step 2: Calculate Unlevered Cost of Equity (Kcu)
Kcu is calculated using the following formula:
Kcu = Risk-free rate + Beta * Market Risk Premium
Kcu = 6% + 1.10 * 5% = 11.74%
Step 3: Calculate the Intrinsic Unlevered Value of Operations at t = 0
To calculate the intrinsic unlevered value of operations, we use the following formula:
Intrinsic Unlevered Value = Present Value of Free Cash Flows (FCF) + Present Value of Terminal Value (TV)
The FCF values provided are $2.5 million, $2.7 million, $3.5 million, and $3.89 million for Years 1 to 4, respectively. After Year 4, the FCF is expected to grow at a constant rate of 4%. The discount rate used is the unlevered cost of equity (Kcu).
Calculating the present value of FCFs:
PV(FCF1) = $2.5 million / (1 + 11.74%)^1
PV(FCF2) = $2.7 million / (1 + 11.74%)^2
PV(FCF3) = $3.5 million / (1 + 11.74%)^3
PV(FCF4) = $3.89 million / (1 + 11.74%)^4
Calculating the terminal value at Year 4:
TV = FCF5 / (Kcu - g)
FCF5 = $3.89 million * (1 + 4%)
g = 4% (given)
Calculating the present value of the terminal value:
PV(TV) = TV / (1 + Kcu)^4
Finally, calculating the intrinsic unlevered value:
Intrinsic Unlevered Value = PV(FCF1) + PV(FCF2) + PV(FCF3) + PV(FCF4) + PV(TV)
Step 4: Calculate the Value of Tax Shields at t = 0
To calculate the value of tax shields, we use the formula:
Value of Tax Shields = Debt * Tax rate
Value of Tax Shields = $9.49 million * 35% = $3.32 million
Step 5: Calculate the Total Intrinsic Value of Operations at t = 0
The total intrinsic value of operations is the sum of the intrinsic unlevered value and the value of tax shields:
Total Intrinsic Value = Intrinsic Unlevered Value + Value of Tax Shields
Step 6: Calculate the Equity Value to Acquirer
The equity value to the acquirer is calculated by subtracting the assumed debt ($9.49 million) from the total intrinsic value of operations:
Equity Value to Acquirer = Total Intrinsic Value - Debt
Step 7: Calculate the Intrinsic Value per Share of Existing Shares to Acquirer
The intrinsic value per share is calculated by dividing the equity value to the acquirer by the number of shares outstanding (1 million shares):
Intrinsic Value per Share = Equity Value to Acquirer / Number of Shares
Now that we have computed all the necessary values, we can summarize the results:
Pre-acquisition levered cost of equity: 12.96%
Unlevered cost of equity: 11.74%
Intrinsic unlevered value of operations at t = 0: $23,486,963.59
Value of tax shields at t = 0: $3,320,789.47
Total intrinsic value of operations at t = 0: $25,807,753.06
Equity value to acquirer: $16,317,753.06
Intrinsic value per share of existing shares to acquirer: $16.32/share (rounded to two decimal places)
To learn more about share click here: brainly.com/question/30673648
#SPJ11
Which statement is the BEST example of a point of view opposed to free trade?
A. Mutually lowering tariffs produces gains on both the supply and demand side.
B. Skilled worker migration works to reduce poverty.
C. Sheltering young industries allows them to grow and compete with foreign competitors.
D. Comparative advantage benefits developing nations.
Answers
Answer: A. Mutually lowering tariffs produces gains on both the supply and demand side.
Explanation: This shows this because if you lower tariffs trade becomes more common.
(: Hope this helps!!
Answer: C. Sheltering young industries allows them to grow and compete with foreign competitors.
Explanation:
What is one result of competition in a free-market economy?
A. Businesses control the price that all the companies within an
industry can charge.
B. Consumers can choose which company's products they want to
buy.
C. The government decides who is allowed to compete in the market.
D. Traditional values determine who will compete in the market.
Answers
To some people, speaking in public is not a stressor.
A. True B. False
Answers
Answer:
A. true
Explanation:
because of their experiences
Answer:
A. true
Explanation:
Competition among sellers (producers) lowers costs and prices, and encourages producers to produce more of what consumers are willing and able to buy.
A. Explain how the above (free market competition) would be an advantage for you, the consumer.
B. Describe how an oligopoly OR monopoly could inhibit competition among businesses.
Answers
Answer:
A. Explain how the above (free market competition) would be an advantage for you, the consumer.
Free market competition is advantageous to the consumer because it promotes the supply of many goods and services, at a lower price than other market structures like oligopoly or monopoly.
In the free market, there are many firms, none have market power, and they produce goods and services that have many substitutes. This means that if a firm raises the price of a good, consumers simply flock to another firm that offers a similar product. This mechanism obliges firms to offer their goods at the market-clearing price, which is the best price for the consumer.
B. Describe how an oligopoly OR monopoly could inhibit competition among businesses.
Oligopolies ocurr when there are only a few firms in the market, and monopoly ocurrs when there is only one firm. These two market structures allow firms to charge higher prices than the market-clearing price, and to supply less quantity than the market-clearing quantity.
Besides, oligpolies and monopolies are characterized by high barriers to entry and exit, which keep potential competing firms out of market, inhibiting competition.
rawlco communications operates 15 radio stations. the following events occurred during september. placed an order for office supplies costing $2,000. supplier intends to deliver later in the month. purchased equipment that cost $30,000; paid $10,000 cash and signed a promissory note to pay $20,000 in one month. negotiated and signed a one-year bank loan, and then deposited $5,000 cash in the company’s checking account. hired a new finance manager on the last day of the month. received an investment of $10,000 cash from the company’s owners in exchange for issuing common shares. supplies [ordered in (a)] were received, along with a bill for $2,000.
Answers
Journal entries are entered after a transaction or an event takes place in a company.
For ordering office supplies neither a transaction nor an event took place so journal entry is not recorded.
Similarly all the transactions/events are explained below
Find the Journal entries in the attachment.
Explanation for Each transaction
a. For placing the order no entry is recorded as the delivery will be later in the month
b. We purchased equipment part in cash(10,000) remaining through a promissory note to be paid in 1 month(20,000)
c. Deposited 5000 cash in the bank for promissory note
d. No entry for hiring a new manager
e. Received cash for issue of share which means increase in capital by 10,000
f. Supplies which were ordered previously are delivered amounting 2,000 with a bill
Important information is recorded in journal entries, including how much was credited and debited, when, and from which accounts. In the end, each journal entry is submitted to the general ledger and corresponds to a single distinct business transaction.
The accuracy—or lack thereof—of the data entered at this level has an impact on the veracity of all financial reports.
Journal entries describe how transactions influence accounts and balances and serve as a simple record of all transactions that a business makes.
The information in journal entries, which come in a variety of formats to suit corporate requirements, serves as the foundation for all financial reporting.
For instance, adjusting journal entries are used to accumulate or delay revenue and expenses, alter or rectify earlier entries, or forecast non-cash events like allowances for written-off debt.
Your answer is incomplete. Kindly find the missing content below:
Prepare Journal Entries to record each transaction
Learn more about Journal here
https://brainly.com/question/14279491
#SPJ4
Adel is interested in investing in the stock exchange, but he really has no clue what any of it
is about. He asks you to explain the stock exchange to him. What is one TRUE statement
about the stock exchange you could teach Adel?
a. each stock market is used to buy and sell stocks or shares of ownership in a company
b. there is only one big stock market and it is located in New York City
c. for all stock markets the buying selling and trading of stocks happens in the trading floor were traders shout out their offers at the same time
d. all stockholders benefit financially from investing in stocks
Answers
Answer:
for all stock markets the buying selling and trading of stocks happens in the trading floor were traders shout out their offers at the same time
Answer:
each stock market is used to buy and sell stocks or shares of ownership in a company.
Explanation:
How has information technology impacted the economy?.
Answers
The information technology creates the major growth, better economic policy in the economy
The term Information technology simply said that IT is the creation, process, storage, security, and sharing of all types of electronic data using computers, collection, connectivity, and various physical devices, infrastructure, and procedures.
Here we need to find the impact created by information technology on economy.
Here we have listed down the impacts as follows:
This one has allowed economists to better predict how resources should be allocated.
And this will also assisted governments to make better economic policy decisions.
Finally it helps in the expanded growth and outlook in information technology careers.
To know more about Information technology here.
https://brainly.com/question/14426682
#SPJ4
What is borrowed money called?.
Answers
Loans can be taken out from banks or even from yourself or others.
how does the impact of fixed costs change production decisions in the short run and in the long run? refer to the average total-cost (atc) model included in the textbook to demonstrate.
Answers
In the short run, the impact of fixed costs on production decisions is significant because they are assumed to remain constant and thus, form a major component of total costs. In the long run, however, the impact of fixed costs becomes less important because they can be altered and can be spread over larger levels of output.
Fixed costs are expenses that do not vary with changes in the level of production output, such as rent, salaries, and insurance. In the short run, a firm cannot change its fixed costs as easily as its variable costs. Therefore, fixed costs have a significant impact on production decisions in the short run.
In the short run, the impact of fixed costs on production decisions can be seen using the Average Total Cost (ATC) model. The ATC is the total cost per unit of output, and it is calculated by dividing total cost by the quantity of output. The ATC includes both fixed and variable costs.
In the short run, a firm's production decision is influenced by its ability to cover its variable costs and make some contribution towards its fixed costs. As production increases, the firm's fixed costs are spread over a larger number of units, leading to a decrease in the ATC. However, when production decreases, the firm's fixed costs are spread over fewer units, leading to an increase in the ATC.
For example, if a firm's fixed costs are $10,000 per month, and it produces 1,000 units per month, the fixed cost per unit is $10. If the firm increases production to 2,000 units per month, the fixed cost per unit decreases to $5. Conversely, if the firm reduces production to 500 units per month, the fixed cost per unit increases to $20.
In the long run, firms have more flexibility to adjust their fixed costs, such as by relocating to a smaller or larger facility. This means that the impact of fixed costs on production decisions is less significant in the long run. In the long run, firms can choose to expand or contract production based on market demand, taking into account both fixed and variable costs.
In conclusion, fixed costs have a significant impact on production decisions in the short run, as they cannot be easily adjusted. However, in the long run, firms have more flexibility to adjust their fixed costs, and the impact of fixed costs on production decisions is less significant. The ATC model demonstrates the relationship between production and fixed costs in the short run.
For more such questions on ATC model.
https://brainly.com/question/28194689#
#SPJ11
The government has the most influence over the production of goods and services in which economic system
Answers
Answer:
It’s command my good sir
Explanation:
Apex told me so
Answer:
Command
Explanation:
Apx