the adjusting entry required when amounts previously recorded as deferred revenues are recognized includes a:multiple choice

Answer:

December 31 1990 : Le 2100

December 31 1991 : Le 2800

December 31 1992 : Le 2800

Explanation:

Given the following :

Cost of equipment = 30,000

Number of Useful years = 10

scrap value = 2,000

depreciation account for the first 3 years in the life of the asset using the Straight line method :

Straight line Depreciation formula :

[ (Cost - scrap value ) / number of useful years]

YEAR 1:

Equipment was purchased on April 1st, that is only 9 of the 12 months will be used to calculate Depreciation in the first year.

December 31, 1990:

[ (30,000 - 2000) / 10 ] × (9/12)

2800 × 0.75 = Le 2100

December 31, 1991 :

[ (30,000 - 2000) / 10 ] × (12/12)

2800 × 1 = Le 2800

December 31, 1992:

[ (30,000 - 2000) / 10 ] × (12/12)

2800 × 1 = Le 2800

Answer:

$ 491.1

Explanation:

Net pay is the take home pay salary. it is calculated by subtracting  all deduction from the gross pay

Total deductions =$55.90 +$85 + $20.44 + $0, +$47.59

Total deductions = 208.84

Net pay = Total sales - taxes

=$700 - $208.84

=$ 491.36

The entity that issued a survey to 200 senior mortgage executives to get an idea of how to manage condo project risks is Fannie Mae.

It should be noted that Fannie Mae surveyed about two hundred senior mortgage executives through the Mortgage Lender Sentiment Survey in order to understand the perspectives of lenders on market trends.

It was also an avenue to identify the opportunities that will be vital in streamlining the process requirements that will be vital in managing condo project risks efficiently and effectively.

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The wheel settings that change when you mount the subframe incorrectly in the transverse direction is "CASTER" (Option D)

Caster is the process of aligning a wheel with the direction of travel, which can be performed by caster displacement or caster angle. As with the front wheels of a shopping cart, caster displacement shifts the steering axis forward of the axis of wheel rotation. The steering axis is moved away from the vertical by the caster angle.

The caster angle, also known as the castor angle, is the angular displacement of the steering axis from the vertical axis of a steered wheel of a car, motorbike, bicycle, another vehicle, or watercraft as seen from the side.

Positive caster enhances the responsiveness of your vehicle while negotiating bends and the stability of your car when going at greater speeds. The sole disadvantage of a positive caster is that it increases the amount of effort required to steer your car.

Turning plates and a digital or bubble camber/caster gauge are the two most common methods for measuring caster angles. Measuring the upper and lower wishbone mounting points or the MacPherson strut angle.

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Answer: (1) F, (2) F, (3) T, (4) F, (5) F, (6) T, (7) F, (8) T, (9) F, (10) T

Please check Explanation below for answers to section 2

Explanation: All desires of human beings are known as demand is False.

(1) Demand is the quantity of goods and services that a consumer is "willing" and "able" to buy at a "given price" and at a "particular point in time." Therefore, that someone desires a beautiful house does not constitute demand, but certain conditions must be present and one of such is his ability (that is money) to buy the house.

(2) Demand is inversely related with the income of the consumer is False.

On the contrary, demand is directly related with the income of the consumer, that is, both variables move in the same direction. Simply put, as the income of the consumer rises, his total demand for a commodity or service will also rise, and likewise if the income of a consumer falls, hos total demand for a commodity will also fall or reduce.

(3) Supply is the quantity which is actually brought by the seller to sell in the market is True.

This is the simplest way to put the definition of supply which is defined as the quantity of a commodity that a seller is willing to sell at a given price and at a given point in time.

(4) The stock of perishable goods are similar to the supply quantity is False.

The supply quantity includes the entire stock of goods that the seller or producer is willing to sell regardless of its status (perishable or not).

(5) Demand curve goes upward to the right, to show inverse relationship between price and demand for good is False.

Demand curve actually slopes downward to the right, and this shows an inverse relationship between quantity demanded and price of a commodity. That means, as the demand increases the price reduces, and as the price increases the demand reduces. This follows the law of demand which states that, "other factors being held equal, the higher the price the lower the quantity demanded and, the lower the price the higher the quantity demanded."

(6) When the price of Giffen goods increases, its demand also increases is True.

Giffen goods also known as inferior goods (or staple foods most often) are such that the consumers of such goods usually do not have better alternatives. Hence as the prices of such goods rise the consumer demands equally rise (contrary to the law of demand).

(7) Income elasticity of demand means relationship between price and demand quantity is False.

Income elasticity of demand is the relationship between the consumer income and the quantity demanded, and it measures the rate of response of the quantity demanded in relation to the rate of change in income.

(8) Size of population is also a determinant of demand is True.

The determinants or factors of demand are those that affect the level of demand, and when the population increases the level of quantity demanded will also increase, and vice versa.

(9) Individual demand means all quantity demanded by buyers in the market is False.

Individual demand is clearly distinct from market demand. Market demand is the totality of all the individual demands for a commodity.

(10) Means and willingness are necessary factors to have demand is True.

 Just as explained in number (1) above, demand can only be effective if there is the means (money/resources) and the willingness to make a purchase. If these two conditions are not met, then desire for a commodity alone cannot be termed as demand.

Fill in the blanks by suitable words;

Two major wheels of the economy are Demand and Supply, Supply is the desire from sellers side. The major determinant of demand is Price. The situation when law of demand is not applicable is known as Abnormal demand. Beggar's desire is not regarded as demand, because he may not have ability. When price of one good affects the demand for another good, this situation is known as Substitute goods. Demand is the effective desire backed by Ability and willingness. When price of a good increases, its demand decreases but the supply increases. Those goods which can be consumed alternatively are termed as substitute goods. Inferior or Giffen goods are those good whose demand rises when the income of the consumer decreases.

Answer:

Pro is that you can use it anytime to pay for something. Con is that sometimes people don't pay them off.

Answer:

Credit cards allow you to spend money that you don't have at that point in time. You basically take out a tiny loan every single time you use a credit card, but as with all lones that means the credit card charges you interest which is a problem when paying off credit card debt

Explanation:

According to Robin Leidner, fast-food restaurants rationalize the process of providing food to customers by developing standardized scripts for employees to use when dealing with customers.

There are many advantages associated with the fact that fast-food chains develop standardized scripts for customer service, as this way, they ensure compliance and quality of processes.

Standardization in fast-food restaurants therefore ensures faster service, mechanization of processes and higher quality in food production, since production and service standards must be followed in any unit of a fast-food chain.

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If he won $2,000 while playing slots at lucky casino and kept good records of his gambling winnings and losses, and he has documentation showing that, while he did have some winnings. The amount  he can claim for gambling losses on schedule a, itemized deductions is: $2,000.

A person can tend to  deduct their  gambling losses when they  itemize their deductions on Schedule A and as well  kept a record of their winnings and losses.

Since caleb kept all record of his winnings and losses which in turn means that the amount of losses that can be deducted should not be higher than the  amount of gambling winning he reported.

This means that caleb yearly losses will be deductible  only up to the amount of his winnings which is $2,000.

Therefore If he won $2,000 while playing slots at lucky casino and kept good records of his gambling winnings and losses, and he has documentation showing that, while he did have some winnings. The amount  he can claim for gambling losses on schedule a, itemized deductions is: $2,000.

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The people who make their living in the South are the main reason behind agriculture in the economy.

The system by which a country or region organizes money, industry, and commerce is called an "economy." The economy is the most important part of the country. The main sectors of the economy are the industrial and agricultural sectors. Both families (consumption) and businesses (selling goods) are part of the economy.

According to the developed economy in the first place, agriculture was in the system. The main reason for this was the agriculture of production on the great plains. There were people who lived in the south. Wealth had a kind of economy.

As a result, people making a living in the South are the main reason for agriculture in the economy.

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The South's populace is the largest economic contributor to agriculture.

Despite slavery, the southern economy expanded, and between 1840 and 1860, southern earnings increased more quickly than northern incomes. Between 1880 and 1940, Southern income growth outpaced national income growth after the Civil War and Reconstruction by around 0.3 percent. After World War II, regional incomes began to converge. Despite income increase, antebellum southerners had lower non-slave wealth accumulation than their northern counterparts and slower population expansion. Slavery harmed the economies of the south by preventing urbanization and industrialization, limiting investments in education and startup capital, promoting rent-seeking and corruption, cutting off the south from the global labor market, and actively impeding the growth of efficient markets.

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If you live in a town or a city that has a single provider of electricity or natural gas, then that natural monopoly provider will not face any deadweight loss.

A monopoly is a corporation who's the only vendor of its product, and in which there aren't anyt any near substitutes. An unregulated monopoly has marketplace energy and might impact prices. Examples: Microsoft and Windows, DeBeers and diamonds, your nearby herbal fueloline company.

We do not have a web company monopoly withinside the United States. You might imagine you handiest have one, however this is extraordinarily rare. Generally, maximum places which have one cable or fiber ISP have that limit due to the fact your City Council or County authorities is handiest franchises one.

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In the markets for goods and services, a producer would sell his bike for purchase by customers.

Consumers buy consumables on the products and services market, and firms sell their commodities there. The market encompasses physical stores, the Internet, and any other location where consumers can exchange products and services.

The trading of finished goods takes place here. Businesses receive payment from customers in exchange for goods. The consumer gives money to the business in a flow. In contrast to this, enterprises can buy the materials they need on the factor market to make an item.

The rule of supply and demand governs how much is produced and at what price in the market for products and services.

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Answer:

108,280.22

Explanation:

Certainty equivalent is solved by taking the inverse utility function from the expected utility of a random wealth variable

U(x) = x^1/4

U^-1(x) = x^4

U^-1(x) === x^4

CE(x) = x^4

Salary   Bonus   Total income   U(x)= x^(1/4)       P(x)        U(x)*P(x)

80000       0          80000               16.82                1/7             2.4

80000    10000     90000               17.32                1/7            2.47

80000    20000    100000              17.78                1/7            2.54

80000    30000    110000               18.21                 1/7            2.6

80000    40000    120000              18.61                 1/7            2.66

80000    50000    130000              18.99                1/7            2.71

80000    60000    140000              19.34                1/7             2.76

Sum                                                                                             18.14

CE(x) =  18.14^4

CE(x) = 108280.22

So therefore,  the certainty equivalent of this job offer is 108,280.22

True, the direct write-off method is used for tax purposes but is generally not permitted for financial reporting.

Direct write-off method occur when account receivable uncollectible are written or recorded as bad debt and  this occur when the money a company is expecting to receive from their customers or clients are uncollectible because the customer did not pay.

Direct write-off method is used for tax purposes because bad debt expense  is recorded based on uncollectible amount which is the amount a company is not expecting to receive from their debtors.

This method is not in accordance with the Generally accepted accounting principles which is why it is generally not permitted for financial reporting.

Inconclusion True, the direct write-off method is used for tax purposes but is generally not permitted for financial reporting.

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The fraud triangle contains three elements that must exist for accounting fraud to occur, the elements are: D. incentive, opportunity, and rationalization.

A skimming fraud can be defined as a type of fraud that involves a criminal (thief) illegally capturing the credit card information of a cardholder without the holder's knowledge, so as to perform unauthorized transactions with it in the future.

Under the fraud triangle, there are three (3) main elements that helps any accounting fraud to occur and these include the following:

In this context, we can reasonably infer and logically deduce that incentive, opportunity, and rationalization are the three (3) main elements of the fraud triangle paradigm.

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The purpose of reinstating year-end encumbrances on the books at the beginning of the following year is to accurately reflect the financial position of the organization. Year-end encumbrances represent commitments for goods or services that have been ordered but not yet received or paid for.

By reinstating these encumbrances, the organization ensures that the budget for the following year is properly adjusted to account for these outstanding obligations.

The effect of reinstating year-end encumbrances is that it reduces the available budget for the following year. This is because the encumbrances represent funds that have already been set aside for specific purposes. By reinstating them, the organization is essentially carrying forward these commitments from the previous year and incorporating them into the budget for the upcoming year.

Reinstating year-end encumbrances also helps in the accurate tracking of financial transactions. It ensures that the organization maintains an accurate record of its financial obligations and can make informed decisions based on the available budget. Additionally, it helps in preventing overspending and ensures that the organization remains within its budgetary limits.

In summary, the purpose of reinstating year-end encumbrances is to accurately reflect outstanding obligations, adjust the budget, and track financial transactions. The effect is a reduction in the available budget for the following year, ensuring financial accountability and preventing overspending.

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Answer:

False

Explanation:

Only after the purchase was approved

Answer:

Market price = $13,738.49

Explanation:

The yield to maturity of the bond is 8% x 2 = 16%

You require a 10% return, so the present value of the bond should be:

PV of face value = $10,000 / (1 + 5%)²⁰ = $3,768.89

PV of coupon payments = $800 x 12.462 (PVIFA, 5%, 20 periods) = $9,969.60

Market price = $13,738.49

Determine the maximum deviation allowable in the cost of capital estimate, we compare the IRR (13.44%) with the cost of capital (9%). The maximum deviation allowable is the difference between these two values, which is 4.44%. If the cost of capital estimate is within this deviation, the decision to undertake the investment opportunity remains the same.

To calculate the Net Present Value (NPV), we need to find the present value of the cash flows associated with the investment opportunity. The formula for NPV is:

NPV = Sum of (Cash Flow / (1 + Cost of Capital)^t)

In this case, the initial cash flow is -$10,250 (the money your brother wants to borrow from you) and the future cash flow is $12,250 (the amount he will pay you back). The cost of capital is 9% and the time period is 1 year.

NPV = (-$10,250 / (1 + 0.09)^1) + ($12,250 / (1 + 0.09)^1)
    = -$9,395.41 + $11,235.77
    = $1,840.36

Since the NPV is positive, this means that the investment opportunity is expected to generate a positive return and should be undertaken.

To calculate the Internal Rate of Return (IRR), we need to find the discount rate that makes the NPV zero. We can use a financial calculator or Excel to find the IRR, which in this case is approximately 13.44%.

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Answer:

d) Deducted from the amount owing

Explanation:

Returns refer to the goods previously sold to a customer, but the buyer has since rejected them and returned them to the seller. A buyer may reject goods due to various reasons, such as the goods being defective.

When a buyer rejects and returns goods, they are not expected to pay for them. The seller issues a credit note worth the goods returned. That amount is deducted from the invoice issued to the buyer.

Answer:

a grocery store looking for a produce manage

Explanation:

Inventory refers to products a business holds for sale. Tracking inventory will refer to managing inventory movement in and out of business.  A grocery store will need Kyle's experience much more than the businesses. The core business of a grocery store is to sell groceries.

Because Kyle is good at tracking inventory, he will help the store maintain optimal stock levels and guard against losses due to theft and spoilage.

The minimum interior surface area of each oil drum, including the lid, is approximately X square centimeters.

The minimum interior surface area of each oil drum, including the lid, can be calculated by determining the surface area of the cylindrical body and adding the surface area of the lid.

To begin, we need to find the volume of the oil drum. The requested capacity of each drum is 225 liters, which is equivalent to 225,000 cubic centimeters (since 1 cubic centimeter is equal to 0.001 liters).

Given the height of 85 centimeters and the desired 1-centimeter gap between the oil and the lid, we can calculate the radius of the cylindrical body using the formula:

Volume = π * r^2 * h,

where r represents the radius and h represents the height.

Rearranging the formula, we have:

r = sqrt(Volume / (π * h)),

where sqrt denotes the square root.

Substituting the known values, we find:

r = sqrt(225,000 / (π * 85)).

Once we have the radius, we can calculate the surface area of the cylindrical body using the formula:

Surface Area of Cylinder = 2 * π * r * h.

Adding the surface area of the lid, which is simply the area of a circle with the same radius, we get the minimum interior surface area of each oil drum, including the lid.

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Answer:

b. social benefits will be greater than private benefits

Explanation:

Positive externalities can be defined as those that produce positive effects for society in relation to the consumption of a good or service.

This is because the social benefit is the sum of the private benefit plus the sum of the external benefit.

An example of positive externality pertinent to the present is the fact that vaccinating people generates greater positive effects on society, because when vaccinating an individual there is less chance of having more people infected with some disease.

So it is correct to say that the social benefits will be greater than the private ones. Letter b.

The Nash equilibrium of the strategic game is for both firms to release simultaneously at the start of the time period, with each firm obtaining a market share of 0.5.

To represent the situation as a strategic game, we can define the following:

Players: Two firms, Firm 1 and Firm 2.

Actions: Each firm chooses a release time, t, within a given time period.

Payoffs: The market share each firm obtains based on their release time.

Assumptions:

The longer a firm spends on development, the better the product and the higher the market share it obtains.

The firm that releases first has an advantage, as customers may not switch to a better product once they are used to a worse one.

The market size is fixed.

Now, let's define the payoffs for each firm:

Firm 1's Payoff:

If Firm 1 releases at time t and Firm 2 releases simultaneously or later, Firm 1's market share is h(t), and Firm 2's market share is 1 - h(t).

Firm 2's Payoff:

If Firm 2 releases at time t and Firm 1 releases simultaneously or later, Firm 2's market share is h(t), and Firm 1's market share is 1 - h(t).

If both firms release simultaneously, they each get half of the market, so their market shares are 0.5.

To find the Nash equilibria of this strategic game, we need to identify the release times for each firm that maximize their payoffs given the actions of the other firm.

Since h(t) is an increasing function of t, each firm would prefer to release earlier to maximize its market share. However, if one firm releases earlier than the other, it gains an advantage, so there is an incentive for both firms to release as early as possible.

Therefore, the Nash equilibrium of this strategic game is for both firms to release simultaneously at the beginning of the time period, where they each receive a market share of 0.5. This is the only stable outcome where neither firm has an incentive to deviate from their chosen action.

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The 3 areas of money management that confuse the most is Confusing Profit With Cash, Failing to Manage Cash Flow and Spending Too Much Too Soon.

Money management refers to a conscious attempt to track expenses, investing, budgeting, banking and assessment tax liabilities

Some area of money management that confuse people in general includes:

However, the 3 areas of money management that confuse the most is Confusing Profit With Cash, Failing to Manage Cash Flow and Spending Too Much Too Soon.

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A enterprise idea is a formal report that's created by means of a enterprise and furnished to a prospect to invulnerable a commercial enterprise agreement. It's a frequent misconception that enterprise proposals and enterprise plans are the same.

The notion targets to promote your product or carrier alternatively than your enterprise itself.

Image end result for TO create a type of commercial enterprise document called a commercial enterprise proposal

A commercial enterprise proposal is a document that outlines a proposed enterprise plan, detailing the product or services to be provided, the fees related with the project, and the predicted outcomes.

Some human beings tend to use them interchangeably, though they refer to two kinds of professional documents. A formal research record is carried out to see if a workable assignment will succeed, while a business notion is written with the intention of beginning a new product.

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Answer:

How does Cobley connect the ideas of brands and force? ... He connects them by saying that the more weight the brand has the more effort it takes to change or move that brand.

Explanation:

The explanation regarding connecting the ideas with respect to brands & force by Cobley is as follows:

Therefore we can conclude that the above ideas should be provided by Cobley.

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Based on this information, the optimum production plan for multi-resource production is 3,036 Deluxe models.

The optimum production plan is the production plan that yields the highest level of contribution margin per unit of the limited resource.

                                                  Regular              Deluxe      Total

Contribution margin per unit      $110                  $175

Assembly hours                              3                     4              12,144

Testing hours                               2.5                     1.5           6,240

Limited resource = Assembly hours

Contribution margin per unit of limited

 resource =                          $36.67 ($110/3)   $43.75 ($175/4)

Thus, the optimum production plan is to maximize the contribution margin per unit of the limited resource by producing 3,036 units of the Deluxe Model (12,144/4).

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Answer:

B. evaluate the possible positive and negative effects of different economic decisions.

Explanation:

Cost-benefit analysis (CBA) is used to examine and compare the cost associated with a project or task and the benefits derived from it.

Simply stated, cost-benefit analysis is a form of utilitarianism commonly used by individuals, business firms and government in the decision-making process, as all the cost incurred are determined and analyzed.

This ultimately implies that, it may be used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.

Cost-benefit analysis (CBA) sums the total cost associated with a project (activity) and compares this cost against the total benefits that would be generated. Thus, it helps in the decision-making process by comparing the net present value (NPV) of the cost of a particular project with the net present value (NPV) of its benefits.

Hence, a person performs a cost-benefit analysis in order to help him or her evaluate the possible positive and negative effects of different economic decisions with respect to an investment, project, activity, or programme.

Answer: It is A. Accounts Receivable.

Answer:

See below

Explanation:

Cash and furniture are assets. An increase in assets is debited. The amounts used to buy the in facilitating the transactions is the capital.

The journal entry will be as below,

Cash  A/c       Dr.  Rs 100,000

Furniture A/c   Dr.  Rs  50,000

Capital      A/c Cr.        Rs 150,000