The before-tax income for Ivanhoe Co. for 2020 was $104,000 and $81,200 for 2021. However, the accountant noted that the following errors had been made:

1. Sales for 2020 included amounts of $39,000 which had been received in cash during 2020, but for which the related products were delivered in 2021. Title did not pass to the purchaser until 2021.
2. The inventory on December 31, 2020, was understated by $9,400.
3. The bookkeeper in recording interest expense for both 2020 and 2021 on bonds payable made the following entry on an annual basis.
Interest Expense 14,400 Cash 14,400 The bonds have a face value of $240,000 and pay a stated interest rate of 6%. They were issued at a discount of $16,000 on January 1, 2020, to yield an effective-interest rate of 7%.
4. Ordinary repairs to equipment had been erroneously charged to the Equipment account during 2020 and 20221. Repairs in the amount of $8,600 in 2021 and $9,300 in 2022 were so charged. The company applies a rate of 10% to the balance in the Equipment account at the end of the year in its determination of depreciation charges.

Prepare a schedule showing the determination of corrected income before taxes for 2020 and 2021.

If the cost of producing tables increases causing the price of tables to increase, then, the consumer surplus in the table market will decrease.

Basically, the consumer surplus is also called the social surplus and consumer’s surplus. In economist view, the consumer surplus refers to the  difference between the price a consumer pays for an item and the price he would be willing to pay rather than do without it.

Based on the law of correspondence, whenever the the cost (of producing tables) increases causing the price of tables to increase, then, the consumer surplus in the table market will decrease.

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Answer: 8.79%

Explanation:

The premium or discount as a percent of NAV will be calculated thus:

NAV will be calculated as:

= (Market value of portfolio - liabilities ) / shares outstanding

= ($310 million - $3million) ÷ 10 million

= $30.7 per share.

Then, the calculation for the discount percent will be:

= (selling price - NAV) / NAV

= ($28 - $30.7) / $30.7

= ($-2.7) / $30.7

= (0.0879)

= 8.79%

Therefore, NAV is trading at discount of 8.79%

Answer:

True

Explanation:

If you dress inappropriately, that is not showing a good first impression. Most, if not all jobs want to have employees that can dress well, cooperate, and work well with others.

Answer:

a. No, if this income is not likely to be reported to the government.

Explanation:

The GDP refers to the gross domestic product which refers to the finalized value of the goods and services that are produced in the domestic country

In the given case since the job is done on an odd basis and the payment is made without any bill or evidence which is treated as an ineligible for the tax payment

Therefore the correct option is a.

Answer:

C) price elastic.

Explanation:

Answer:

There are four main types of communication: verbal, nonverbal, written, and visual.

1. Verbal communication involves the use of words to convey a message. This can be done through spoken or written language. Verbal communication can be formal or informal, and it is often used in face-to-face conversations, meetings, presentations, and interviews. A practical example of verbal communication is a teacher giving a lecture to a classroom full of students.

2. Nonverbal communication involves the use of body language, facial expressions, and other nonverbal cues to convey a message. This can include gestures, eye contact, posture, and tone of voice. Nonverbal communication is often used in conjunction with verbal communication to reinforce a message or convey meaning. A practical example of nonverbal communication is a job interview, where the interviewer may use body language to convey their interest or disinterest in a candidate.

3. Written communication involves the use of written words to convey a message. This can include emails, memos, reports, and letters. Written communication is often used in business and academic settings, where a permanent record of the communication is required. A practical example of written communication is a business proposal that is sent to a potential client.

4. Visual communication involves the use of images, graphics, and other visual aids to convey a message. This can include charts, diagrams, videos, and photographs. Visual communication is often used in advertising, marketing, and design, where visual impact is important. A practical example of visual communication is a billboard that advertises a new product.

In summary, each type of communication has its own strengths and weaknesses, and they are all important in different contexts. Effective communication requires a combination of these four types, depending on the situation and the message that needs to be conveyed.

The economic system that allows for private ownership of property and resources is the Free Market system.

What is difference between free market system and traditional system ?

"Free market", "traditional", and "restrictive" are three different terms that describe different economic systems or policies.

A free market system is an economic system in which the prices of goods and services are determined by supply and demand without significant government intervention. In a free market, individuals and businesses have the freedom to own and control property, resources, and means of production, and are free to produce, sell, and consume goods and services as they see fit.

A traditional economic system is an economic system that relies on customs, traditions, and beliefs to allocate resources and determine economic activity. In a traditional economy, production and distribution of goods and services is based on inherited customs and traditions, with little room for innovation or change.

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Answer:

Great Depression

EXPLANATION:

I hope this helps (:

Answer: yea that it

Explanation:

1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.

Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.

This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.

In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.

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Answer: Please refer to Explanation

Explanation:

A.

January 1 20X9

DR Investment in Thinbill Company $380,000

CR Cash $380,000

(To record Investment in Thinbill Company)

DR Investment in Thinbill Company $18,000

CR Income from Thinbill Company $18,000

(To record income from Thinbill company)

DR Investment in Thinbill Company $8,000

CR Unrealised gain on Investment $8,000

(To record share of OCI reported by Thinbill Company)

DR Cash $3,600

CR Dividend $3,600

(To record dividend received from Thinbill Company)

Workings

Income from Thinbill Comapny

Callas owns 40% of Thinbill company and so is entitled to 40% of income which is,

= 40% x 45,000

= $18,000

Dividends

= 9,000 x 40%

= $3,600

Unrealised Gain on Income

= 20,000 x 40%

= $8,000

b. The closing entries are as follows,

DR Income from Thinbill Company $18,000

CR Retained Earnings $18,000

(To recognise income from Thinbill Company)

DR Unrealised Gain on Investment $8,000

CR Accumulated OCI Income from Investee (Thinbill Company) $8,000

(To record accumulated OCI income)

Answer:

Matrix

Explanation:

Quizlet

Answer:

d. zebra

Explanation:

edge 2021

Answer:

Fictional name

Explanation:

Indirect financial compensation is also referred to as benefits. Option A is the right answer.

Indirect financial compensation refers to non-monetary benefits that an employee receives as part of their employment package. Examples of indirect financial compensation include health insurance, retirement benefits, paid time off, flexible work arrangements, and educational assistance.

These benefits can add significant value to an employee's overall compensation, but they are not directly tied to their salary or hourly pay rate.

Compensation benefits are any additional perks or benefits offered by an employer to their employees in addition to their regular salary or wages.

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Answer:

1. In option (a), the dealer would charge $18,213.54.

b. In present value terms, the one-time payment (option (b) is a better deal for the purchaser.

Explanation:

a) Data and Calculations:

Monthly payment for a used car = $620

Payment period = 20 months

Additional payment at the end of 20 months = $12,000

Annual interest rate = 24%

One-time payment for the car purchase = $16,864

From an online financial calculator, the present value of the payments is:

N (# of periods)  20

I/Y (Interest per year)  24

PMT (Periodic Payment)  620

FV (Future Value)  12000

Results

PV = $18,213.54

Sum of all periodic payments = $12,400.00

Total Interest = $6,186.46

The $110,000 would grow to $ 281,384.06  in 9 years if invested at 11% per year.

What is future value?

The future value of an amount is its future equivalent value when the amount invested today has earned interest as well as the interest earned upon interest, which is known as the compounding effect, for instance, interest earned in year 1 would also earn interest in years 2-9.

The future value formula of a single cash flow is provided below:

FV=PV*(1+r)^N

PV=$110,000

r=11%

N=number of years that investment would last=9

FV=$110,000*(1+11%)^9

FV=$ 281,384.06

In essence, $110,000 invested today would become $281,384.06  in 9 years.

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The solution to the given question when we consider total cost and total revenue, given in the following table:

Quantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit

------- | -------- | -------- | -------- | -------- | --------

0     | 5       | 5        | 0        | 0        | -5

1     | 11      | 6        | 6        | 6        | 1

2     | 17      | 6        | 12       | 6        | 5

3     | 24      | 7        | 18       | 6        | 4

4     | 31      | 8        | 24       | 6        | -7

5     | 39      | 8        | 30       | 6        | -9

6     | 47      | 8        | 36       | 6        | -11

7     | 55      | 8        | 42       | 6        | -13

As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.

Therefore, the answer to the question is 3.

In summary:

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Answer:

B. You are a good delegator.

Explanation:

Delegation involves identifying the right people for the right tasks, and it allows the project manager to focus on other important aspects of the project. By being able to identify who on the team can take on certain tasks, the project manager is demonstrating good leadership skills and effective delegation. While collaboration, conflict resolution, and motivation are also important skills for a project manager to have, they are not directly related to the ability to delegate tasks to team members.

3D printing offers your organization a genuinely necessary upper hand. It permits you to create models quicker, decreases the expense of creation, requires less info (HR and gear), and diminishes above.

SpaceX involves 3D printing in their designing and assembling processes, including printing parts for rocket motors, spouts, and primary parts for the Bird of Prey 9 and Hawk Weighty rockets and Mythical serpent shuttle.

The improvement of an ML framework that utilizes PC vision to screen the creation cycle and fix material dealing with shortcomings continuously. The fundamental benefits of 3D printing are diminishing expenses, less waste, decreased time, getting an upper hand, lessening mistakes, classification, and creation on request.

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Answer:

In QuickBooks Online Accountant, users with admin access and Firm Owners and have the authority to access of other users in the firm. The 3 levels of access that can be granted to Team users of QuickBooks Online Accountant are:

The three levels of access that can be granted to the team users of QuickBooks Online includes the Basic access, Full access and Custom access.

QuickBooks Online Accountant is an accounting based software which allows companies to controls all the financial side of their business

Only the users with administrator access and Firm Owners have the authority to access information on the accounting software.

The 3 levels of access granted to team users on the QuickBooks Online Accountant includes:

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Answer:

i will make legos

It will be produced in a production facility in denmark

will be produced for all genders ages 5+

Explanation:

Using a fictional product, my simple business plan would be based on these economic theories that is what to produce, how to produce and for whom to produce.

A business plan is a written strategy that outlines the objectives and strategies for accomplishing the objectives of the business. It describes a company's go-to-market strategy, financial forecasts, market analysis, corporate objectives, and mission statement. The business plan may also include a timeframe and information about key personnel who are in charge of reaching the objectives.

A business plan is a crucial document intended for both internal and external audiences of a company. For instance, before a business has built a solid track record, a business plan is utilized to entice investment. Securing financing from financial entities might also be beneficial.

A business plan serves three purposes: it explains the organization's strategy to execute it over the long term, obtains funding from investors, and aids in projecting future company demands.

An economic theory is a body of concepts and precepts that describes how various economies operate. An economist may use theories in many ways depending on their specific function. For instance, some theories seek to explain certain economic phenomena, such inflation or supply and demand, as well as the reasons behind them.

Economic theories seek to analyze the causes and effects of economic occurrences, as well as the optimal course of action for influencing or resolving them. They are an extensive set of presumptions, theories, definitions, and guidelines on what should be done in various economic circumstances. Positive and normative approaches to economic theory are the two main categories.

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Structure and culture are among the primary internal considerations for a strategic plan. The importance of structure and culture cannot be undermined, as they both play an important role in the success of a company's strategic plan. Although there are other factors that may contribute to the success of a strategic plan, structure and culture are vital. They can be used to leverage the strengths of an organization to achieve its goals.

Structure refers to how an organization is organized and the interrelationships between different departments. A company's structure determines how information flows within the organization, and how employees interact with one another.

An effective structure enables employees to work together efficiently, leading to a higher level of productivity.

Culture refers to the set of values, beliefs, and attitudes that guide the behavior of an organization's members. A positive culture promotes employee engagement, which is essential for achieving an organization's goals.

A company's culture can influence how it deals with problems, how employees communicate with each other, and how they make decisions, among other things.

In conclusion, structure and culture are essential components of an organization's strategic plan.

By investing in a positive culture and a well-defined structure, companies can increase employee engagement, productivity, and ultimately, achieve their goals.

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Answer:

be narrower than the current interval width

Explanation:

Answer:

C) increase their savings

Explanation:

Saving is the act of setting aside a portion of one's income in a secure location rather than spending it. It's a method that businesses and individuals utilize to meet their financial goals. Saving consistently throughout time helps to acquire a significant sum of money that can be used to achieve financial goals. While saving is not the primary financial goal, it is a means to that end. If one's objective is to acquire a home or a car, for example, they begin saving for the down payment. Saving aids them in achieving their long-term objectives.

The statement that accurately describes how an event will impact supply is  option B An increase in demand will cause an increase in supply.

If demand and supply both rise, more will be purchased by consumers and more will be produced by businesses. The impact on price will, however, depend on the relative amount of the two changes because consumers place a higher value on each unit while producers are willing to supply each unit at a lower price.

Therefore, With everything else remaining the same, an increase in demand will result in a rise in the equilibrium price and an increase in supply. Reduced demand will result in a drop in the equilibrium price and a reduction in supply.

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When the final sale in the supply chain is made, the retailer is responsible for collecting sales tax. The required journalized entries for the selected transactions involving sales tax are attached below.

The state levies a consumption tax, the so-called sales tax, on the purchase of goods and services. A standard sales tax is collected at the point of sale, collected at the store and remitted to the government.

Depending on the regulations in that country, a business may be responsible for sales taxes in that jurisdiction if it has a presence there, which can be a physical site, an employee, or an associate. The calculation of sales tax for (a) is:

Sales Tax Payable = Amount of sales× Sales Tax

                                = $900 × 7%

                                = $63

Therefore, all the selected transactions are explained with the help of the journal entries.

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Your question is incomplete, but most probably the full question was,

Question Content Area

Journalize the entries to record the following selected transactions:

a. Sold $900 of merchandise on account, subject to 7% sales tax. The cost of the goods sold was $510.

b. Paid $436 to the state sales tax department for taxes collected.

If an amount box does not require an entry, leave it blank.

a.

- Select -

- Select -

blank

- Select -

- Select -

- Select -

- Select -

b.

- Select -

- Select -

blank

The exact costs of a job are listed on a job cost sheet. Typically, it contains the customer's name, address, job number, job description, start and end dates, as well as an anticipated completion date. During production, the costs for the job are noted on the sheet.

Direct materials plus direct labor plus applied overhead equals the total job cost.

Calculated Overhead Rate = Calculated Overhead / Calculated Activity

Direct materials plus direct labor plus applied overhead equals the total job cost.

It always relates to sales and is therefore included in cost of sales. Bank fees are an expense but also contribute to finance costs. therefore, a tangential administrative overhead.

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As a manager in a company that operates in many countries, I would consider the following criteria to determine whether an application should be developed as a global application or a local application:

Market demand: The first criterion would be to determine if there is a global market demand for the application. If the application addresses a need that is common across multiple countries, it makes sense to develop a global application. However, if the application is specific to a particular country or region, it may be better to develop a local application.

Cultural considerations: Cultural differences between countries can be a significant factor when deciding whether to develop a global or local application. Certain features that are accepted or preferred in one country may not be well-received in another. Therefore, it is essential to understand the cultural preferences of the target audience and design the application accordingly.

Language: If the application requires support for multiple languages, it may make more sense to develop a global application. In contrast, a local application would only need to support the primary language spoken in the country or region.

Legal requirements: Legal and regulatory requirements can differ significantly from country to country. Therefore, it is essential to ensure that the application complies with local regulations, including privacy laws, data protection laws, and other relevant regulations.

Cost considerations: Developing a global application can be more expensive due to the need to consider cultural, legal, and language differences. Therefore, cost considerations should be taken into account when deciding between a global or local application.

By considering these criteria, a manager can determine whether an application should be developed as a global application or a local application.