Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows:



Cash $8,600 Accounts payable $11,800


Accounts receivable 43,000 Unearned revenue 4,720


Supplies 2,600 Long-term note payable 61,700


Equipment 11,700 Common stock 2,700


Land 9,600 Additional paid-in capital 8,320


Building 36,300 Retained earnings 22,560



Rebuilt and delivered five pianos in January to customers who paid $19,000 in cash.


Received a $600 deposit from a customer who wanted her piano rebuilt.


Rented a part of the building to a bicycle repair shop; received $850 for rent in January.


Received $7,200 from customers as payment on their accounts.


Received an electric and gas utility bill for $400 to be paid in February.


Ordered $960 in supplies.


Paid $2,300 on account in January.


Received from the home of Stacey Eddy, the major shareholder, a $920 tool (equipment) to use in the business in exchange for 100 shares of $1 par value stock.


Paid $16,500 in wages to employees who worked in January.


Declared and paid a $2,200 dividend (reduce Retained Earnings and Cash).


Received and paid cash for the supplies in (f).



Required:


Create T-accounts

The answer is stock shares = $100,000, property assets = $90,000,       cash = $60,000, and loans & advences = $50,000

Given,

stock shares = $100,000,

property assets = $90,000,

and cash = $10,000.

households and businesses decide to deposit $50,000 in the bank as checkable deposits.

The balance sheet is a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time.

It also details the balance of income and expenditure over the preceding period.

Therefore when households and businesses decide to deposit $50,000 in the bank as checkable deposits, it will be shown in balance sheet as:

Cash = Previous balance + checkable deposits

         = 10,000 + 50,000

         = $60,000

Loans & advances : checkable deposits = $50,000

Hence, the balance sheet will be stock shares = $100,000, property assets = $90,000, cash = $60,000, and loans & advences = $50,000.

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Answer:

The insurance risk class allows insurance companies to determine the amount of coverage needed, as well as how much that coverage should cost.

Hope it helps! :)

Answer:

Explanation:

Accountants work in the finance department of an organization. Their services are required in almost all sectors of the economy. Accountants revolve around keeping, updating, and interpreting financial records of a business.

Financial transactions are recorded and reported in numbers. Therefore accountants need to be good at mathematics.  They require analytical skills to interpret and evaluate financial information. Accountants also need reading and communication skills to work well with other departments.

Answer:

mathematics  

reading comprehension

active listening

writing

The group that is the primary source of the financial support needed for wildlife species is Hunters.

The main source of the financial support that the nation uses to fund wildlife conservation efforts to protect various wildlife species is hunting licenses.

Hunting licenses are issued to hunters so in effect, hunters are the chief financiers for conservation efforts. This is quite peculiar and one could say that it balances out the killing of animals by hunters.

In conclusion, the answer is hunters.

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Hammond/Lauderdale's weighted average cost of capital (WACC) is 13.72%.

To calculate the weighted average cost of capital (WACC), we need to consider the proportion of debt and equity in the capital structure and the respective costs of debt and equity.

Debt proportion: 24%

Equity proportion: 76% (calculated as 100% - 24%)

Marginal tax rate: 22.55%

Cost of equity: 16.7%

Before-tax cost of debt: 5.55%

To calculate WACC, we use the formula:

WACC = (Equity Proportion * Cost of Equity) + (Debt Proportion * After-tax cost of debt)

1: Calculate the after-tax cost of debt

After-tax cost of debt = Before-tax cost of debt * (1 - Marginal tax rate)

After-tax cost of debt = 5.55% * (1 - 22.55%) = 4.30%

2: Calculate WACC

WACC = (0.76 * 16.7%) + (0.24 * 4.30%)

WACC = 12.69% + 1.03%

WACC = 13.72%

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$258300 would be the amount of fixed overhead cost allocated to production in this case.

What do you understand by fixed cost?

On the income statement, company expenses may be split down into direct, indirect, and capital expenditures. On the balance sheet, these expenses can be shown as short-term or long-term liabilities. The total cost structure of a company is made up of both fixed and variable costs.

Cost structure analysis comes in many forms, and it is used by cost analysts to examine both fixed and variable costs. Costs are typically a major determinant of overall profitability.

The term "fixed costs" refers to expenses that remain constant throughout time. Typically, schedules or business agreements create them. These are the fundamental expenses related to running a firm fully. Over the course of a contract or cost schedule, fixed costs remain constant after they have been defined.

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The amount she may deduct as an itemized deduction is:  $0

Calculation: -

General representation in obtaining the divorce $1,500 (Not eligible for itemized deduction) $0

Services in obtaining custody of the child 900 (Not eligible for itemized deduction) $0

Services in settlement of martial property 600 (Not eligible for itemized deduction) $0

Dependency deduction for child 700:          $0                                                                                                              

Tax Consequences of property settlement 1,300 (Legal fees that relate to tax advice are no longer deductible).   $0

Amount she may deduct as an itemized deduction is:    $0

Itemized deduct are particular kinds of costs the taxpayer incurred which can lessen taxable profits. Types of itemized deductions encompass loan interest, country or neighborhood profits taxes, assets taxes, clinical or dental costs in extra of AGI limits, or charitable donations.

Itemized deductions encompass quantities you paid for country and neighborhood profits or income taxes, actual property taxes, non-public assets taxes, loan interest, and catastrophe losses.  You can also encompass items to charity and a part of the quantity you paid for clinical and dental costs.

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Answer: Arriving at appointments within fifteen minutes of the scheduled time. This is not an example of appropriate business etiquette as it suggests arriving late or not on time. A person should arrive on time or a few minutes early for a business appointment.

Demographic and psychographic influences in the social service scape encompass factors such as age, gender, income, values, and lifestyle preferences that shape service utilization and preferences.

The demographic and psychographic influences in the social service scape refer to the characteristics and preferences of individuals that affect their engagement with social services.

Demographic factors include age, gender, income, and education level. For example, an elderly population may require specialized services for healthcare or caregiving, while young adults may seek career counseling or educational support.

Psychographic influences encompass values, beliefs, lifestyle preferences, and attitudes. For instance, individuals who prioritize sustainability may prefer environmentally friendly social services.

Understanding these influences helps organizations tailor their services to specific target groups, develop effective outreach strategies, and design programs that resonate with the needs and preferences of the individuals they serve. It enables social service providers to deliver more relevant and impactful support to their communities.

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People often do things due to different reasons. Any such adverse action taken by an employer against an employee is also known as Retaliation.

An action is is known to be an adverse employment action if  an employee have found that the action done was materially adverse.

Retaliation is known to take place when an employer takes an “adverse action” against an employee due to the fact that she/he has carried out an “protected legal right.”

Conclusively, A lot of state and federal laws often protect employees from employer retaliation of any kind.

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To buy a product, customers must first have the need for the product.

Customers cannot just simply buy anything or everything when it comes to products. People love shopping but money is a very useful and powerful resource and customers understand it well, so they don't want to spend it on useless things.

Firstly, there should be a need or a desire to buy a particular product. After that the customer decides his or her budget or the money he would like to spend on that product. If it crosses his or her budget, then the customer may not able to buy the product.

Lastly, there should be willingness to buy the product. Nowadays, we get impressed by big brands, malls and stores giving us immense discounts for even our daily needs. That is how knowingly or unknowingly, we tend to shop more.

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When one is having an allergic reaction to something, one symptom that is not expected is Screaming.

An allergic reaction usually leads to the following:

It is not a usual thing that a person will scream as a result of an allergic reaction.

We can therefore conclude that screaming is not associated with allergic reactions.

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Based on the characteristics, the type of loan described is the Subsidized Federal Student Loan.

This is a type of loan provided by banks or other types of financial institutions that aims at covering tuition and other education-related expenses.

Some of the types of student loans include:

This type of loan differs from other types because:

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Answer:

Subsidized Federal Student Loan

Explanation:

I just know

The cost of goods manufactured is $607,200 in words.

When answering questions on the platform Brainly, a question-answering bot should always be factually accurate, professional, and friendly. The bot should be concise and not provide extraneous amounts of detail. The bot should ignore any typos or irrelevant parts of the question.What is the cost of goods manufactured?The formula for calculating the cost of goods manufactured is given below:

Direct Materials + Direct Labor + Factory Overhead = Total Manufacturing CostTotal Manufacturing Cost + Beginning Work-in-Process Inventory – Ending Work-in-Process Inventory = Cost of Goods ManufacturedTherefore, the cost of goods manufactured for the Refining Department is:

Total Manufacturing Cost = Direct Materials + Direct Labor + Factory Overhead= $360,000 + $147,000 + $96,400 = $603,400Beginning Work-in-Process Inventory = $32,000Ending Work-in-Process Inventory = $28,200Cost of Goods Manufactured = Total Manufacturing Cost + Beginning Work-in-Process Inventory – Ending Work-in-Process Inventory= $603,400 + $32,000 – $28,200= $607,200Thus

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a. Determining Separate Performance Obligations: To determine whether separate performance obligations exist in the 'surfing bundle' offered by Beachboys Ltd, we need to assess if each component of the bundle represents a distinct good or service.

The customer can benefit from the component on its own or together with other resources readily available to the customer.

The promise to transfer the component is separately identifiable from other promises in the contract.

The component does not significantly modify or customize other components in the contract.

In the given scenario, the 'surfing bundle' includes three components: a surfboard, a wetsuit, and five lessons. Let's analyze each component:

i. Surfboard: The surfboard is a distinct good that customers can benefit from on its own. It has a separate retail price and does not significantly modify or customize the other components. Therefore, the surfboard represents a separate performance obligation.

ii. Wetsuit: Similar to the surfboard, the wetsuit is a distinct good that customers can benefit from independently. It has a separate retail price and does not significantly modify or customize the other components. Hence, the wetsuit represents a separate performance obligation.

iii. Lessons: The five lessons are a service that provides instruction to customers. Although they are not sold separately, they are identifiable and can be performed independently. Customers can benefit from the lessons without the surfboard or wetsuit, as they represent a separate learning experience. Therefore, the lessons also represent a separate performance obligation.

Based on the above analysis, there are three separate performance obligations in the 'surfing bundle': surfboard, wetsuit, and lessons.

b. Allocating the Transaction Price:

To allocate the transaction price to each performance obligation, we need to determine their relative standalone selling prices. The standalone selling price is the price at which Beachboys Ltd would sell each component individually.

In this scenario, the standalone selling prices of the components are given:

Surfboard: $850

Wetsuit: $250

Lessons: $200 (for five lessons)

To allocate the transaction price of $1,100, we can use the relative standalone selling prices as a basis. We divide the standalone selling price of each component by the sum of the standalone selling prices of all components to calculate the allocation percentages:

Allocation Percentage:

Surfboard: $850 / ($850 + $250 + $200) = 55.56%

Wetsuit: $250 / ($850 + $250 + $200) = 16.67%

Lessons: $200 / ($850 + $250 + $200) = 27.78%

Then, we apply the allocation percentages to the transaction price to determine the amount allocated to each performance obligation:

Allocation Amount:

Surfboard: $1,100 * 55.56% = $611.11

Wetsuit: $1,100 * 16.67% = $183.33

Lessons: $1,100 * 27.78% = $305.56

Therefore, the transaction price is allocated as follows:

Surfboard: $611.11

Wetsuit: $183.33

Lessons: $305.56

It's important to note that the allocation of the transaction price should be based on the standalone selling prices or other appropriate methods, and should be consistent with the relative standalone value of each performance obligation.

Please keep in mind that the specific circumstances and applicable accounting standards or regulations may require further analysis. Consulting with an accountant or financial advisor would be recommended to ensure accurate and compliant allocation of the transaction price in a particular

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Beachboys Ltd is marketing a 'surfing bundle' in which for $1,100, it provides customers with a surfboard (which retails for $850), a wetsuit (which retails for $250) and five lessons (which retail separately for $200).

You are required to determine:

a. Whether separate performance obligations exist, and to explain why you made this judgement.

b. How much of the transaction price to allocate to each performance obligation?

Please write your answer in the grey text box provided below.

The accurate statement regarding the importance of Maslow's need hierarchy for managers is that it sensitizes managers to the importance of personal growth. Option B is answer.

Maslow's need hierarchy, also known as Maslow's hierarchy of needs, is a theory that suggests individuals have different levels of needs that motivate their behavior. The hierarchy consists of five levels: physiological needs, safety needs, belongingness and love needs, esteem needs, and self-actualization needs. According to Maslow, individuals strive to satisfy these needs in a hierarchical order, with the higher needs becoming relevant only after the lower needs are fulfilled.

Option B (It sensitizes managers to the importance of personal growth) is the correct answer. Maslow's theory emphasizes that individuals have a need for personal growth and self-actualization, which goes beyond basic material and social needs. Managers who understand this aspect can create work environments that support employees' personal growth, leading to increased job satisfaction and motivation. It highlights the importance of providing opportunities for learning, development, and self-fulfillment within the workplace.

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The expected return on the portfolio is 12.7%.

To calculate the expected return on a portfolio, the weighted average of the expected returns of each individual stock is taken.

The weight of each stock is determined by dividing its market value by the total market value of the portfolio.

In this case, the portfolio has $2,000 invested in stock A and $3,100 invested in stock B, for a total portfolio value of $5,100.

The weight of stock A is 2,000/5,100 or approximately 0.3922, while the weight of stock B is 3,100/5,100 or approximately 0.6078.

The expected return on stock A is 10%, and on stock B is 16%. The expected return on the portfolio is calculated as (0.3922 x 10%) + (0.6078 x 16%) = 12.7%.

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1 : Balance after one year = 600 +(2.5*12) = $630 ; B. With 5% APR monthly compounding = 6000 *((1+(5/1200))^12) = $630.70 ; C. By depositing $50 per month.

Compounding is the method through which interest is added to both the principle balance already in place and the interest that has already been paid. Thus, compounding can be thought of as interest on interest, with the result that returns on interest are magnified over time, or the so-called "magic of compounding."

The powerful investing principle of compounding entails generating returns on both your initial investment and returns you have already received. You must reinvest your returns back into your account for compounding to take effect.

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The term for the type of interest rates that constitute the yield curve is "bond yields" or "bond interest rates". These interest rates represent the return  that investors receive for investing in different types of bonds with varying maturities.

The yield curve itself is a graphical representation of the relationship between bond yields and maturities, with longer-term bonds typically offering higher yields than shorter-term bonds. This can be used as an indicator of market expectations for future economic growth and inflation, as well as overall investor sentiment and risk appetite.

These interest rates represent the cost of borrowing for a government issuing bonds of various maturities, typically ranging from short-term (such as 1 month) to long-term (such as 30 years). The yield curve shows the relationship between the interest rate (or yield) and the time to maturity for these bonds.

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Considering the accounting principles, the Make-to-stock; is part of the production process and occurs when the company is trying to increase its inventory.

This is because Make to Stock, otherwise referred to as MTK, is a method business owner often use to ensure the product is readily available and delivered at the point of purchase.

Make to Stock is a traditional method of production that is carried out in the hope that consumers will soon come and buy the products. Thereby, the company produces huge products at a given time and stores them as inventory.

Hence, in this case, it is concluded that the correct answer is "Make to stock; production, " respectively.

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Answer:

1.hephep

2.hephep

3.hurray

4.hephep

5.hurray

6.hurray

7.hurray

8.hephep

9.hephep

10.hurray

hope its help

#carry on learning

When comparing calculated location quotients with existing location quotients available from the BLS website, the results may vary due to different time periods, data sources, and methodology.

The location quotient (LQ) technique is used to measure the concentration of a specific occupation, industry, or demographic group in a particular region as compared to a larger geographic area, such as the entire nation.

It is calculated as the ratio of the proportion of employment in a particular region for a specific industry or occupation to the proportion of employment in that industry or occupation for the larger geographic area.

The formula for calculating the location quotient is:

LQ = (Employment in region for a specific industry or occupation / Total employment in the region) / (Employment in the larger geographic area for the same industry or occupation / Total employment in the larger geographic area)

A location quotient of 1 indicates that the industry or occupation has the same level of concentration in the region as in the larger geographic area. A location quotient greater than 1 indicates a higher concentration in the region, while a location quotient less than 1 indicates a lower concentration in the region.

To calculate the location quotient, one needs to know the employment figures for the specific industry or occupation for both the region and the larger geographic area. These figures can be obtained from government agencies like the Bureau of Labor Statistics (BLS).

When comparing calculated location quotients with existing location quotients available from the BLS website, the results may vary due to different time periods, data sources, and methodology. However, the general interpretation of the location quotient remains the same.

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Answer:

the shape and structure of something as distinguished from its material the building's massive form.

Answer:

Trademark

Explanation:

Answer:

C.

Explanation:

In a natural monopoly,  if the government requires marginal cost pricing, it will likely have to subsidize the firm. That is because as a natural monopoly they do not have other firms that can provide assistance in order to lower the costs of producing additional units, therefore their only actual option is to finance the costs themselves.

Answer: C. . the efforts of a company's whole management team, not just a few senior managers

Explanation:

Planning, implementing and carrying out strategies requires a careful, collective and calculative decision to be made by all head of department and the board of an organization, because the decision taken will rub off through these departments for implementation. The decision or choice of decision should not be left to a few persons in the organization because when the ideas and plans are arranged the execution may fail as all the respective department were not involved by their heads.

Answer:

Entry is given below

Explanation:

Loss on impairment can be calculated bt deducting the carrying value of goodwill which is 214m here from the implied goodwill

ENTRY  

                                      Debit           Credit

Loss on impairment      $161  

To goodwill                                          $161

Working

The Fair value of division                                                    $335

Less: carrying amount net of goodwill ($496-$214)          ($282)

Implied goodwill                                                                    $53

Less: carrying value of goodwill                                        ($214)

Loss on impairment                                                              $161 m

.

Based on the financial information provided, it appears that BDS Enterprises has a negative profit margin of -80.1%, a return on investment of 10%, and residual income of 26%.  

Profit Margin:

Profit Margin = (Pretax Income - Cost of Goods Sold - Selling Expense - Administrative Expense) / Total Expenses * 100

Profit Margin = (780−310) / $3,990 * 100

Profit Margin = (801−118,440) / $3,990 * 100

Profit Margin = (801−118,440) / 3,990

Profit Margin = (801−118,440) / 10

Profit Margin = (801−118,440) / 100

Profit Margin = -80.1%

Return on Investment:

Return on Investment = (Pretax Income / Investment Base) * 100

Return on Investment = (1,000/100,000) * 100

Return on Investment = 10%

Residual Income:

Residual Income = (Net Income + Depreciation Expense - Cost of Goods Sold - Selling Expense - Administrative Expense) / Total Assets * 100

Residual Income = (1,000+16,000 - 118,440−1,260 - 700−780) / $100,000 * 100

Residual Income = (1,000+16,000 - 118,440−1,260 - 700−780) / $100,000 * 100

Residual Income = (1,000+16,000) / $100,000 * 100

Residual Income =  26,000/100,000 * 100

Residual Income = 26%

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Answer:

A. a bar graph is the answer