Answer and Explanation:
The preparation of the retained earnings is presented below:
Novak corporation
Statement of retained earnings
For the year ended Dec 31,2022
Particulars Amount
Opening bal of retained earnings $12,852
Add: Net income $7,140
($30,600 - $15,300 - $2,040 - $4,590 - $510 - $1,020)
Less: dividend paid -$5,100
Ending balance of retained earnings $14,892
some crypto exchanges allow their customers to employ leverage and why is this not a good idea , acording to Fool proof what best decribes this sentence
Allowing customers to employ leverage is a risky job as leverage works both ways our cash account is down 10% if bitcoin goes the opposite way, from $30,000 to $27,000. However, if we were using a 10:1 leverage, our margin deposit is now gone. A decrease results in a margin call for our account and a demand for extra funds.
How leverage on crypto works:
If we want to possess 1 crypto for $30,000, we have two options: we can either purchase it in our cash account for $30,000 or we can purchase it in our margin account with 10x leverage and a $3,000 margin deposit. The remaining balance of the transaction in our margin account is provided by a loan of $27,000.
If BTC increases by $3,000 to $33,000, we will make a 10% profit in our cash account after deducting any expenses.
The margin account, on the other hand, has a profit of 100% less any costs once the loan is repaid and the interest on the loan.
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Rachael Hair Products shows the following budgeted and actual data for the first quarter of the current fiscal year:
Actual (9,000 units) Flexible Budget (9,000 units) Master Budget (10,000 units)
Sales $ 139,500 $ 135,000 $ 150,000
Variable costs 64,000 63,000 70,000
Fixed costs 53,000 50,000 50,000
Operating income $ 22,500 $ 22,000 $ 30,000
Required:
What type of financial control system might the company use to determine whether the company met its short-term financial objectives?
For the first quarter of the year, what was the total master budget variance?
In general, into what two component variances can the master budget variance be decomposed? What is the meaning of each of these two variances?
Comment specifically on the financial performance of this company during the 1st quarter.
What are the primary limitations of traditional financial-control models?
Rachael Hair Products may use variance analysis to assess short-term financial objectives. The total master budget variance was -$7,500, divided into sales volume and flexible budget variances. Actual operating income of $22,500 was better than the flexible budget of $22,000 but below the master budget of $30,000, showing unfavorable variances, particularly in sales volume.
The company might use a variance analysis system to determine whether it met its short-term financial objectives. This involves comparing actual results to budgeted results and analyzing the variances to identify areas where performance was better or worse than expected.
The total master budget variance for the first quarter can be calculated as follows:
Actual Operating Income - Master Budget Operating Income
= $22,500 - $30,000
= -$7,500
Therefore, the total master budget variance for the first quarter is -$7,500.
The master budget variance can be decomposed into two component variances: the sales volume variance and the flexible budget variance. The sales volume variance measures the impact of the difference between the actual sales volume and the budgeted sales volume on operating income, while the flexible budget variance measures the impact of the difference between actual variable costs and budgeted variable costs on operating income.
During the first quarter, the company's actual operating income of $22,500 was slightly better than the flexible budget operating income of $22,000, but fell short of the master budget operating income of $30,000. This suggests that the company experienced some unfavorable variances, particularly in the area of sales volume.
The primary limitations of traditional financial-control models include their focus on historical financial data, their reliance on quantitative measures of performance, and their failure to account for non-financial factors that may influence performance. Additionally, traditional financial-control models may not be flexible enough to adapt to changing business environments or to capture the full range of factors that impact organizational performance.
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Discuss Two social factors (excluding friends and social interaction) that may contribute to unemployment in South Africa amongst the youth.
Answer:
Timidity and lack of self initiative drive
Economic demand is?
A. the amount of a good or service that consumers are willing and able to buy at one price.
B. the amount of a good or service that consumers are willing and able to buy at various prices.
C.the amount of a good or service that producers are willing and able to produce at various prices.
D. the amount of a good or service that consumers are willing but not able to buy at various prices.
Which of the following is correct?
The correct answer is B. Economic demand is the amount of a good or service that consumers are willing and able to buy at various prices.
It reflects the relationship between the price of a product and the quantity that consumers are willing to purchase at that price. Demand is influenced by factors such as price, consumer preferences, income levels, and availability of substitutes.
As the price of a product decreases, the quantity demanded generally increases, and vice versa, following the law of demand. The demand curve represents this relationship, showing the quantity of a good or service that consumers are willing and able to buy at different price points.
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Liz has set up a new employee with Standard user access but has unchecked the Payroll access box. Which part of QuickBooks Online will the new employee not have access to?
A. Bank Registor
B. Employees Tab
C. Contractors Tab
D. Report Center
The part of the Quick book online in which the new employee does not have access is the employee tab.
The following information should be considered as relevant:
The payroll access should be given in the employee tab.The new employee does not have access to the employee tab because the access box of the payroll remains unchecked.Thus, the other options are not correct.
Therefore we can conclude that The part of the Quick book online in which the new employee does not have access is the employee tab.
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When a company makes a payment for amounts owed from prior purchases of inventory, it will record a debit to ______ and a credit to ______.
When a company pays for advertising in advance, it will record a debit to Prepaid Advertising and a credit to cash.
Prepaid advertising is a current asset account that holds all advertising that has been paid for in advance but has not yet been spent. Once these expenditures are incurred (for example, by running television or Internet advertisements), the corresponding portion of this asset is recognized as advertising expense.
This is accomplished by debiting Prepaid Advertising and crediting the relevant account. If you paid for the advertising in full, you'd credit the Cash account. You would credit Accounts Payable if you were paying for advertising in installments.
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Why are production possibilities curves helpful for businesses?
A. They show how many products will need to be sold to earn a
profit.
B. They show how producing one product affects production of
another.
C. They predict how a product's sales will rise and fall over time.
D. They compare production efficiency between multiple companies.
Answer: B - they show how producing one product affects production of another.
Explanation: Uses comparative advantage to allocate production factors, thus obtaining better efficiency
1. Costs and benefits aren't always measured in dollars and cents. Assume
your gym teacher just told you to "drop and give me 20!" You have already
completed one set of 20 pushups. What non-money costs might you
experience if you give the gym teacher what she wants and do another set of
pushups? Answer this question in the form of one or more complete
sentences.
Answer:
The non-monetary costs you might experience are the calories, time, and the energy that you will burn by doing additional 20 pushups.
Explanation:
As for the benefits, you will lose some calories and gain better physique, strengthening your core. The benefits will certainly outweigh the costs, unless the person drops dead while doing the second act, but your gym teacher should know better. Another point is that not all costs and benefits can be quantified in monetary terms, or "measured in dollars and cents," which the above example has adequately illustrated.
How would I know if I broke or sprained my wrist?
If you have a wrist sprain, you may be able to move the wrist in a range of motion. It may be painful, but you will still be able to do it. That usually means the bones are not broken, and you have a sprain. Another sign of a wrist sprain is that there are swelling and redness around the sprained area of the wrist
Explanation:
Answer:
If its broken, you wont be able to move your fingers and it might be miss shapen. if its sprained, their can still be movement in your hand and your rist will still be strait
Explanation:
The short-run aggregate supply curve will decrease if:
Hi there!
The short-run aggregate supply curve can shift left (decrease) as a result of:
Increases in Input or Commodity Costs:
- Ex 1: If nominal wages increase, businesses will have to pay workers greater amounts of money, meaning that employing workers is more expensive.
- Ex 2: If the price of commodities go up (such as steel, oil, etc.), businesses will have to pay more to produce goods, decreasing supply.
Increase in government regulations:
- Ex 1: If government regulations are increased for limiting fossil fuel usage, many industries will experience a decrease in productivity, shifting the supply curve left.
Increase in business taxes:
- Ex 1: If the government increases taxes on businesses, businesses will have to divert money that could have been spent on materials, labor, etc. and pay government taxes. This results in a decrease in aggregate supply.
There are many other reasons for the SRAS curve to shift, but these are some of the main ones.
With yearly inflation of 8 % , prices are given by P = P 0 ( 1.08 ) t , where P 0 is the price in dollars when t = 0 and t is time in years. Suppose P 0 = 1 . How fast (in cents/year) are prices rising when t = 1 0 ? Round your answer to two decimal places.
Answer:
by 16.61 cents per year
Explanation:
P = Po(1.08)^t
How fast are prices increasing?
The rate of increase:
dP/dt = d/dt(Po(1.08)^t)
= d/dt((1.08)^t)
We use derivative formula of exponential function as we continue solving this problem
dP/dt = (1.08)^t x ln(1.08)
dP/dt = ln(1.08)x(1.08)^t
Now t value = 10,
P'(10) = ln(1.08)x(1.08)^10
= 0.07696x2.1589
= 0.1661 dollars and 16.61 cents per year
In conclusion, prices are rising by 16.61 cents per year.
I need help answer this question please
Sylvester Motors Inc. has the following balances at the end of the accounting period:
Items
Amount
$
Plant and Machinery 80,000
Notes Payable 5,000
short-term loan payable in 7 months 40,000
Taxes Payable 4,000
Mortgage 30,000
What is the total of the current liabilities of Sylvester Motors?
A.
$45,000
B.
$85,000
C.
$49,000
D.
$34,000
Answer:
C $49,000
Explanation:
none
Unbanked Partner #1
1. I've had terrible customer service at the banks I've been into, so I don't like them and I
don't trust them. I'm certainly not leaving my money with them,
Being unbanked has become an increasingly common situation for many individuals in recent years. An unbanked person is someone who has no financial account with any institution. Individuals may choose to be unbanked for a variety of reasons, including a lack of trust in banks due to poor customer service or a negative experience.
A person may have experienced a bad encounter with a bank employee and choose to leave the bank and seek other banking options. They may also be unable to maintain a minimum balance in their bank account, and banks may impose fees for accounts that fall below a certain amount. It can be inconvenient to have to travel to a bank to withdraw money, especially if the nearest bank is far away. Additionally, the time spent waiting in line at a bank can be tedious, and it can be difficult to fit into a busy schedule.
There are alternatives to traditional banks that may be more convenient and better suit the needs of unbanked individuals. Credit unions, for example, offer similar services as banks but are often smaller and more focused on serving the community. Mobile banking apps have also become increasingly popular, offering services such as depositing checks and transferring money.
The use of prepaid debit cards is another option that allows for the convenience of a card without the need for a traditional bank account. The unbanked may also benefit from budgeting tools and financial literacy resources, which can help them make informed financial decisions and take control of their finances. Overall, being unbanked does not mean that an individual cannot access financial services or manage their money effectively.
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Which of the following is true of general-purpose financial statements?
They do not cost a lot to produce because they are basic reports.
O They cost the most to produce, but provide necessary information.
They cost a lot to produce because the results are analyzed and interpreted.
O They provide important information at the least cost.
The option that tells us the truth about the general purpose financial statements is that, They provide important information at the least cost.
What is meant by the general purpose financial statement?The term general purpose financial statement is used to refer to the financial statements that re used in the provision of information about the operations and the financial standing of a company or an organization. It also tells us of the cash flow that the organization is having.
Hence we can say that The option that tells us the truth about the general purpose financial statements is that They provide important information at the least cost.
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Which approach is a positive way to deal with conflicts?
Answer:
trying to evaluate the situation from all diff perspectives
Second-degree price discrimination: Multiple Choice results in transfer pricing. None of the answers are correct. is the practice of posting a discrete schedule of declining prices for different ranges of quantities. eliminates the problem of double marginalization.
Answer:
is the practice of posting a discrete schedule of declining prices for different ranges of quantities
Explanation:
In the case of the second degree price discrimination, the firm should chares the different kinds of the prices as per the quantity demanded i.e. if the large quantities are ordered so it should be charged at the less price and if the small quantities are ordered so it should be charged at the high prices. The motive behind this is to motivate the bulk sales that means when the buyer purchased the products in bulk so he will get the high discounts
Therefore the third option is correct
price an investor pays to purchase outstanding bond
The price an investor pays to purchase an outstanding bond is typically referred to as the "purchase price" or "transaction price." This price is determined by various factors, including the bond's face value, coupon rate, current market interest rates, and the remaining time to maturity.
When a bond is traded on the secondary market, its price may differ from its face value. If the bond's coupon rate is higher than the prevailing market interest rate, the bond may be sold at a premium, meaning the purchase price will be higher than the face value. Conversely, if the coupon rate is lower than the market interest rate, the bond may be sold at a discount, and the purchase price will be lower than the face value.
The purchase price of a bond is influenced by supply and demand dynamics, credit rating changes, economic conditions, and investor sentiment. It is important for investors to consider these factors when determining the price they are willing to pay for an outstanding bond in order to achieve their desired yield or return on investment.
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Hughes Co. is growing quickly. Dividends are expected to grow at a rate of 22 percent for the next three years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is 12 percent and the company just paid a $2.35 dividend, what is the current share price? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Answer: $53.94
Explanation:
Current share price is the present value of the dividends for the next 3 years and the terminal value in year 3.
Terminal value = D₄ / ( required return - growth rate)
= (2.35 * 1.22³ * 1.05) / (12 % - 5%)
= $64
D₁ = 2.35 * 1.22 = $2.867
D₂ = 2.867 * 1.22 = $3.49774
D₃ = 3.49774 * 1.22 = $4.2672428
Share price = (2.867 / (1 + 12%)) + (3.49774 / 1.12²) + (4.2672428 / 1.12³) + (64/1.12³)
= $53.94
Question 3
Level premium term life insurance policies
O build cash value in a separate account
O automatically convert to permanent insurance at a predetermined date
O automatically renew at predetermined dates
O have premiums that are averaged over the policy period
8 of 10 Questions Remaining
Select the appropriate response
Submit Response
Level premium term life insurance policies are Option D. have premiums that are averaged over the policy period.
Term life insurance is one of the most popular types of life insurance available to consumers in the United States. Term life insurance provides coverage for a specified period or term of years, usually 10, 20, or 30 years. A level premium term life insurance policy means that the premium for the coverage remains the same throughout the policy period. For example, if you purchase a 20-year level premium term life insurance policy, you will pay the same premium every year for 20 years.
This type of policy is attractive to many people because it provides certainty in their financial planning. They know exactly what they will pay for the policy each year and can budget accordingly. Level premium term life insurance policies do not build cash value in a separate account like permanent life insurance policies. They are pure protection policies and only pay a death benefit if the insured dies during the policy term.
Once the policy term is over, the coverage ends. However, some level premium term life insurance policies have the option to convert to permanent insurance at a predetermined date, which is option B, but this is not automatic and may require additional premiums.
Therefore, level premium term life insurance policies are characterized by premiums that are averaged over the policy period, and they do not build cash value in a separate account like permanent insurance policies. They are pure protection policies, and the coverage ends at the end of the policy term. Therefore, the correct option is D.
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Question 3
Level premium term life insurance policies
A. build cash value in a separate account
B. automatically convert to permanent insurance at a predetermined date
C. automatically renews at predetermined dates
D. have premiums that are averaged over the policy period
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The additional components of the marketing mix for marketing a service does not include which of the following?
people
process
popularity
physical environment
The marketing mix comprises four primary elements: product, price, promotion, and place. However, when marketing services, some additional components are added to the mix. These components are known as the 7Ps of marketing and include people, process, and physical evidence (or physical environment).
Popularity, on the other hand, is not a component of the marketing mix for services. Popularity can be considered a byproduct of the marketing efforts and how successful they are in promoting the service to the target audience. Popularity is a measure of how well a service is known or recognized in the market.
People: This component of the marketing mix is concerned with the people involved in the delivery of the service. These people include the employees, staff, and other personnel involved in providing the service to the customers. These people are critical to the success of the service and need to be trained, managed, and motivated to provide excellent service.
Process: This component of the marketing mix is concerned with the procedures and processes involved in the delivery of the service. The process should be designed to ensure that the service is delivered consistently and efficiently, meeting the needs and expectations of the customers. A well-designed process can enhance the customer experience and help in creating a positive perception of the service.
Physical Environment: This component of the marketing mix is concerned with the physical environment in which the service is delivered. This environment can include the ambiance, decor, lighting, and other factors that contribute to the customer experience.
A well-designed physical environment can enhance the customer experience and contribute to the success of the service.
Popularity: Popularity can be considered a byproduct of the marketing efforts and how successful they are in promoting the service to the target audience. Popularity is a measure of how well a service is known or recognized in the market.
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1. Why do younger, male pay more for car insurance? Why do you believe single people pay more for car insurance than married couples?
average, a married driver pays $160 less per year for car insurance than does a single, unmarried driver. While being married doesn't necessarily make you a better driver, historical data show married couples are more likely to share driving responsibilities than single people.
Hi army
gud nyt
given the following information, is purchasing performing well in buying iron castings? sept 20, 2015 dec 31, 2015 price paid to supplier $52.50 $53.20 % increase
The PPI has risen by 0.236% since the previous time frame. This indicates a 0.236% increase in the average price on iron castings. However, the team had to pay 1.333% more.
What is the average price?The typical price of a security or item as seen over a length of time is really the average price. Average price (VWAP) is generated on an instantaneous basis by finding the basic mathematical average the price movement over a given time period.
How is the average coin price determined?You must establish an estimated cost with all goods in order to determine the cost basis utilizing the ACB method. To determine this, add up all of the money you spent purchasing your asset, then divided it into the total.
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Which of the following does Content Marketing helps with?
Content Marketing helps with Option D. All the above.
Content marketing is a strategic marketing approach that aims to create valuable, relevant, and engaging content for the targeted audience to increase their engagement and loyalty towards the brand. It involves the creation and sharing of various types of content, such as blog posts, articles, videos, infographics, and social media posts, to attract and retain customers.
Content marketing can help businesses achieve various objectives, including:
SEO (Search Engine Optimization): Content marketing can help businesses improve their SEO ranking by creating and publishing high-quality, relevant, and valuable content that includes relevant keywords, meta descriptions, and tags. When the audience engages with this content, it signals to search engines that the content is useful and relevant, which can improve the website's ranking on search engine result pages.
Brand building: Content marketing can help businesses establish themselves as thought leaders in their industry by creating and sharing high-quality content that offers value to their target audience. By consistently creating valuable content, businesses can build trust, credibility, and authority among their target audience, which can ultimately lead to increased brand awareness, loyalty, and advocacy.
Social media reach: Content marketing can help businesses increase their social media reach by creating and sharing valuable and engaging content on social media platforms. By creating shareable content, businesses can attract more followers, increase engagement, and drive traffic to their websites, ultimately leading to increased conversions and sales.
Overall, content marketing is a powerful marketing tool that can help businesses achieve various objectives, including SEO, brand building, and social media reach. It involves creating and sharing high-quality, relevant, and valuable content that resonates with the targeted audience to increase engagement, loyalty, and conversions. Therefore, the correct option is D.
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Which of the following does Content Marketing helps with?
A. SEO
B. Brand Building
C. Social Media Reach
D. All the above
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Sponsorship is an effective marketing strategy, particularly for sporting goods and recreational equipment.
Answer:true
Explanation: just took the test
help with 5 and 6 please i have no clue
Answer: 5- the hair should brush the shirt collar.
6- the belt and shoe color should match.
Explanation:
During the Great Depression, how were the philosophies of John Maynard Keynes and other economists affected?
Justify the role of ethics in the workplace
The role of ethics in the workplace is leads to satisfied workers who look forward to going to work rather than viewing it as a burden.
What do you understand by the role of ethics?Ethics can be thought of as the rules that direct our behaviour so that we make the best decisions for the benefit of everybody. In order to tell the truth, maintain our word, or assist a stranger in need, we must follow ethical principles.
A company that implements a workplace ethics programme aligns employee behavior. This encourages transparency, collaboration, and trust as a result. Additionally, workers perform better at their professions when they are aware of the expectations of their superiors.
Integrity is among the most crucial working ethics. Additionally, employees grow to feel attached to and devoted to the company.
Therefore, the role of ethics in the workplace is leads to satisfied workers who look forward to going to work rather than viewing it as a burden.
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Please Help!
Rosa works as an administrative assistant for a clothing company. Which of the following tasks might she do in her
job?
Teaching young children how to read
Arranging travel plans for clients
Manage schedules and help with office meetings
Answer:
C. Manage schedules and help with office meetings
use the following information to answer this question: bayside, incorporated 2021 income statement ($ in thousands) net sales $ 6,270 cost of goods sold 4,790 depreciation 415 earnings before interest and taxes $ 1,065 interest paid 52 taxable income $ 1,013 taxes 213 net income $ 800 bayside, incorporated 2020 and 2021 balance sheets ($ in thousands) 2020 2021 2020 2021 cash $ 165 $ 270 accounts payable $ 1,810 $ 1,910 accounts received 1,210 1,050 long-term debt 920 720 inventory 1,885 2,170 common stock 3,460 3,390 total $ 3,260 $ 3,490 retained earnings 990 1,240 net fixed assets 3,920 3,770 total assets $ 7,180 $ 7,260 total liabilities
The information provided contains the 2021 Income Statement and Balance Sheets for Bayside, Inc. for the years 2020 and 2021.
In Income Statement, we can see that:
Net sales for Bayside, Inc. were $6,270,000 in 2021
Cost of goods sold was $4,790,000, leaving an earnings before interest and taxes (EBIT) of $1,065,000
After paying $52,000 in interest, the taxable income was $1,013,000 and the net income was $800,000
In Balance Sheets, we can see that:
Cash for Bayside, Inc. increased from $165,000 in 2020 to $270,000 in 2021
Accounts receivable decreased from $1,210,000 in 2020 to $1,050,000 in 2021
Inventory increased from $1,885,000 in 2020 to $2,170,000 in 2021
Total assets increased slightly from $7,180,000 in 2020 to $7,260,000 in 2021
Long-term debt decreased from $920,000 in 2020 to $720,000 in 2021
Retained earnings increased from $990,000 in 2020 to $1,240,000 in 2021.
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