The inventory of Bramble Company on December 31, 2020, consists of the following items. Part Quantity Cost per Unit Net Realizable Value 110 620 $121.00 $127.00 111 1,080 76.20 66.00 112 540 101.60 97.00 113 220 215.90 228.60 120 440 260.00 264.00 121 a 1,400 20.00 1.00 122 330 304.80 298.00 a Part No. 121 is obsolete and has a realizable value of $1.00 each as scrap. (a) Determine the inventory as of December 31, 2020, by the LCNRV method, applying this method to each item.

The income tax expense is $120k

The DTA year-end balance is $10k

The DTL year-end balance is $40k

The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.

1. To calculate the income tax expense, we need to first calculate the taxable income.

Taxable Income = $400k

Tax rate = 30%

Income tax expense = Taxable Income * Tax rate

Income tax expense = $400k * 30% = $120k

2. The DTA (Deferred Tax Asset) year-end balance can be calculated as follows:

Beginning Balance DTA = $10k

Future deductible amounts = $50k

Origination amount for the deductible amount = $50k * 30% = $15k

Reversing amount for the deductible amount = $15k

DTA year-end balance = Beginning Balance DTA + Origination amount - Reversing amount

DTA year-end balance = $10k + $15k - $15k = $10k

3. The DTL (Deferred Tax Liability) year-end balance can be calculated as follows:

Beginning Balance DTL = $40k

Future taxable amounts = $30k

Origination amount for the taxable amount = $30k * 30% = $9k

Reversing amount for the taxable amount = $9k

DTL year-end balance = Beginning Balance DTL + Origination amount - Reversing amount

DTL year-end balance = $40k + $9k - $9k = $40k

4. The originating/reversing amount for the future taxable amount and the future deductible amount of the current year have already been calculated in questions 2 and 3. The origination amount for the future taxable amount is $9k, and the reversing amount is also $9k. The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.

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The legislation that regulates the tracking of requests for and disclosure of health information is: (B) HIPAA.

HIPAA which full meaning is Health Insurance Portability and Accountability soles responsibility is to ensures that patient health information or patient sensitive information are not disclosed without the patient permission.

This legislation ensures that their is data privacy and  security strategic plan  so as to prevent hackers or unauthorized user from accessing them.

Inconclusion the legislation that regulates the tracking of requests for and disclosure of health information is: (B) HIPAA.

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Answer:

$20,646.92

Explanation:

We are to calculate the future value of the amount :

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years   = 65 - 20 = 45

$1500(1.06)^45 = $20,646.92

Answer:

Product markets typically contain groups of consumers that share a fairly specific need that only certain and closely related kinds of products or services can meet. In the case of smartphone users, for example, only phones with specific and more or less comparable capabilities can serve the needs of these consumers. In a product market, the capacity to serve the market is often predicated on the method. Only a company that produces smartphones can compete for this market, let alone hold an intrinsic advantage, because only that product suffices.

In specialization a company have produced the product at different price levels. Consumers have more price options.

A consumer is a person who purchases the goods and or services from the business and is also the ultimate user of the products or services. In specialization the company produces a certain product at many different levels by which they have many price options available which vary according to their customization and quality that can be offered to the consumers and hence the customer can purchase different types of a single product from a single company or Brand.

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The three companies requested their information from 2017 and their current stock price is given below:

1. Apple (AAPL):

2. Amazon (AMZN):

3. Tesla (TSLA):

Note: The stock prices are based on the closing price on the last trading day of the year.

Capital Gain/Loss = (Current Stock Price - Stock Price in 2017) x Number of shares

For Apple (AAPL), the calculation would be:

Capital Gain/Loss = ($135.05 - $139.00) x 1 share = -$3.95

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Answer: A fund should review its use of derivatives when it updates its registration statement annually - particularly disclosures in its shareholder??

Explanation:

Option A. Yes, you should hire an experienced person.

To determine if you should hire an experienced person or not, you need to calculate the sales increase against the cost of hiring an experienced person as compared to hiring someone without experience. If the sales increase is greater than the additional cost, then it is advisable to hire an experienced person.

Let's take a look at the calculation below:

If you hire someone without experience, it will cost you $13 per hour. If you hire an experienced person, it will cost you $19 per hour.

The difference in cost is $19 - $13 = $6.

The experienced person increases the sales per customer by $3. So if you have 12 customers per hour, the increase in sales will be 12 x $3 = $36.Therefore, if the additional $6 cost of hiring an experienced person is less than the sales increase of $36, then you should hire the experienced person.

The additional cost of hiring an experienced person: $6Sales increase per hour: $36

Therefore, if the sales increase per hour is more than the additional cost of hiring an experienced person, it is advisable to hire an experienced person. So, the answer to this question is "Yes, you should hire an experienced person". Therefore, the correct option is A.

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No Entry is required for the Supplies, Unearned Service Revenue, and Prepaid Rent accounts since their balances have been adjusted through the adjusting entries above.

To record the required adjusting entries related to the events mentioned, we need to consider the changes in the account balances and adjust them accordingly. Here are the adjusting entries for Sheridan Exposure Inc.:

Supplies:

Debit: Supplies Expense ($4,300 - $960) = $3,340

Credit: Supplies ($4,300 - $960) = $3,340

Explanation: The supplies on hand decreased by $960, indicating that $960 worth of supplies were used during the period. Therefore, we need to recognize the expense by debiting Supplies Expense and reduce the Supplies account balance with a credit.

Unearned Service Revenue:

Debit: Unearned Service Revenue ($9,250 - $4,100) = $5,150

Credit: Service Revenue ($9,250 - $4,100) = $5,150

Explanation: Services worth $4,100 were performed, reducing the unearned service revenue. We need to recognize the revenue by debiting the Unearned Service Revenue account and crediting the Service Revenue account.

Prepaid Rent:

Debit: Rent Expense ($40)

Credit: Prepaid Rent ($40)

Explanation: One month's worth of rent, amounting to $40, has been consumed. We need to recognize the expense by debiting Rent Expense and reduce the Prepaid Rent account balance with a credit.

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Answer:

-3

Explanation:

PED= change in quantity demanded /change in price

Answer:

The vast majority of economic perspectives on international trade agree in that international agree is mutually benefitial for all countries. The reason is that international trade allows each country to specialize in the production of those goods and services for which they have a comparative advantage.

However, it is also true that from a social and political perspective, there are many more disagreements. For example, it is true that while international trade benefits most of the population as a whole, some sectors of the population are sometimes negatively affected by its effects.

For this reason, the approach to international trade should be: engage in trade with as many countries as possible, making sure that those groups who become disadvantaged by its effects are supported by a social safety net, and by training programs that can help them find other jobs.

Answer:

True

Explanation:

Allocation the action or process of allocating or distributing something.

Answer:

It's True

Explanation:

On edge 2021

The 14th Amendment outlines the path to citizenship in the United StatesSome the ways you can be a citizen in this country is

The United States Constitution's 14th Amendment was approved in 1868. It was passed in response to the post-Civil War citizenship debate involving former slaves.

Being a natural-born citizen of the United States means that you automatically became one when you were born to parents who were both citizens of the country. Being born on american Soil will also give citizenship.

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1. Preparation of General Journal Entries to record transactions completed by Lancet Engineering in the month of June are as follows:

Journal Entries:

a. Debit Cash (101) $195,000

Debit Office Equipment (163) $8,200

Debit Drafting Equipment (164) $80,000

Credit Common Stock (307) $283,200

b. Debit Land (172) $52,000

Credit Cash (101) $8,900

Credit Notes payable (250) $43,100

c. Debit Building (170) $55,000

Credit Cash (101) $55,000

d. Debit Prepaid Insurance (108) $2,300

Credit Cash (101) $2,300

e. Debit Cash (101) $6,600

Credit Engineering Fees Earned (402) $6,600

f. Debit Drafting Equipment (164) $24,000

Credit Cash (101) $9,600

Credit Notes payable (250) $14,400

g. Debit Accounts Receivable (106) $14,500

Credit Engineering Fees Earned (402) $14,500

h. Debit Office Equipment (163) $1,100

Credit Accounts Payable (201) $1,100

i. Debit Accounts Receivable (106) $23,000

Credit Engineering Fees Earned (402) $23,000

j. Debit Equipment Rental Expense (602) $1,410

Credit Accounts Payable (201) $1,410

k. Debit Cash (101) $8,000

Credit Accounts Receivable (106) $8,000

l. Debit Drafting Equipment (164) $2,500

Credit Cash (101) $2,500

m. Debit Accounts Payable (201) $1,100

Credit Cash (101) $1,100

n. Debit Repairs Expense (604) $970

Credit Cash (101) $970

o. Debit Dividends (319) $10,450

Credit Cash (101) $10,450

p. Debit Wages Expense (601) $2,000

Credit Cash (101) $2,000

q. Debit Advertising Expense (603) $2,500

Credit Cash (101) $2,500

2. The journal entries are posted to the ledger accounts as follows:

Cash (101)

Account Titles                                     Debit      Credit

a. Common Stock (307)                $195,000

b. Land (172)                                                      $8,900

c. Building (170)                                              $55,000

d. Prepaid Insurance (108)                               $2,300

e. Engineering Fees Earned (402) $6,600

f. Drafting Equipment (164)                             $9,600

k. Accounts Receivable (106)         $8,000

l. Drafting Equipment (164)                             $2,500

m. Accounts Payable (201)                               $1,100

n. Repairs Expense (604)                                  $970

o. Dividends (319)                                          $10,450

p. Wages Expense (601)                                $2,000

q. Advertising Expense (603)                       $2,500

Balance                                                       $114,280

Totals                                      $209,600 $209,600

Accounts Receivable (106)

Account Titles                                     Debit      Credit

g. Engineering Fees Earned (402) $14,500

i.  Engineering Fees Earned (402) $23,000  

k. Cash (101)                                                      $8,000

Balance                                                          $29,500

Totals                                              $37,500 $37,500

Prepaid Insurance (108)

Account Titles                                     Debit      Credit

d. Cash (101)                                      $2,300

Office Equipment (163)

Account Titles                                     Debit      Credit

a. Common Stock (307)                    $8,200

h. Accounts Payable (201)                  $1,100

Balance                                                          $9,300

Drafting Equipment (164)

Account Titles                                     Debit      Credit

a. Common Stock (307)                 $80,000

f. Cash (101)                                      $9,600

f. Notes payable (250)                   $14,400

l. Cash (101)                                     $2,500

Balance                                                          $106,500

Building (170)

Account Titles                                     Debit      Credit

c. Cash (101)                                  $55,000

Land (172)

Account Titles                                     Debit      Credit

b. Cash (101)                                      $8,900

Notes payable (250)                       $43,100

Balance                                                          $52,000

Accounts Payable (201)

Account Titles                                     Debit      Credit

h. Office Equipment (163)                                  $1,100

j. Equipment Rental Expense (602)                  $1,410

m. Cash (101)                                     $1,100

Balance                                             $1,410

Notes Payable (250)

Account Titles                                     Debit      Credit

b. Land (172)                                                      $43,100

f. Drafting Equipment (164)                              $14,400

Balance                                          $57,500

Common Stock (307)

Account Titles                                     Debit      Credit

a. Cash (101)                                                     $195,000

a. Office Equipment (163)                                   $8,200

a. Drafting Equipment (164)                             $80,000

Balance                                       $283,200

Total                                            $283,200  $283,200

Dividends (319)

Account Titles                                     Debit      Credit

o. Cash (101)                                  $10,450

Engineering Fees Earned (402)

Account Titles                                     Debit      Credit

e. Cash (101)                                                     $6,600

g. Accounts Receivable (106)                        $14,500

i. Accounts Receivable (106)                        $23,000

Balance                                            $44,100

Wages Expense (601)

Account Titles                                     Debit      Credit

p. Cash (101)                                     $2,000

Equipment Rental Expense (602)

Account Titles                                     Debit      Credit

j. Accounts Payable (201)                  $1,410

Advertising Expense (603)

Account Titles                                     Debit      Credit

q. Cash (101)                                    $2,500

Repairs Expense (604)

Account Titles                                     Debit      Credit

n. Cash (101)                                       $970

3. Trial Balance

As of June 30

Account Titles                                     Debit      Credit

Cash (101)                                       $114,280

Accounts Receivable (106)              29,500

Prepaid Insurance (108)                     2,300

Office Equipment (163)                     9,300

Drafting Equipment (164)              106,500

Building (170)                                  55,000

Land (172)                                       52,000

Accounts Payable (201)                                          $1,410

Notes Payable (250)                                            57,500

Common Stock (307)                                        283,200

Dividends (319)                               10,450

Engineering Fees Earned (402)                         44,100    

Wages Expense (601)                     2,000

Equipment Rental Expense (602)   1,410

Advertising Expense (603)            2,500

Repairs Expense (604)                     970

Totals                                       $386,210     $386,210

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The statement do researchers mean by "secondary data" is: OD. Information from research already conducted for another purpose.

Government papers, scholarly publications, surveys, databases and other previously done research are just a few examples of the sources from which secondary data may be derived.

To find answers to their own research questions or to obtain new insights into a particular area of interest, researchers analyse and interpret this current data. Researchers might avoid spending the time and money necessary for gathering primary data by employing secondary data instead.

Therefore the correct option is D.

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The financial crisis in 2008 could've been avoided in some ways by Regulating the housing market, Proper regulation banks and financial institutions, Introduction of better accounting standards, Encouraging greater transparency, and Regulating credit rating agencies.

The global financial crisis of 2008 was a significant economic event that had a far-reaching impact on the worldwide economy. The crisis resulted in the collapse of numerous leading financial institutions, which led to unprecedented losses in the stock market, a decline in economic growth, and high levels of unemployment. It is commonly believed that the crisis could have been avoided if appropriate measures had been taken at the right time.

Here are some ways the financial crisis in 2008 could have been avoided:

1. Regulating the housing market: The financial crisis of 2008 originated from the housing market collapse. Banks and financial institutions had given loans to people who could not afford them, and when the housing bubble burst, a massive number of mortgages went into default. If the government had regulated the housing market more effectively, the financial institutions would not have been able to give out loans to risky borrowers, and the housing market would not have collapsed.

2. Proper regulation of banks and financial institutions: If banks and financial institutions were regulated more effectively, they would not have been able to engage in risky financial practices that led to the crisis. Regulators would have spotted the risky activities early on and would have been able to take corrective action before it was too late.

3. Introduction of better accounting standards: During the financial crisis of 2008, banks and financial institutions engaged in creative accounting practices to hide their losses. This deception made it difficult to ascertain the real situation of the banks and financial institutions, leading to a lack of confidence in the market. If better accounting standards had been introduced, this could have been avoided.

4. Encouraging greater transparency: The financial crisis of 2008 was partly caused by a lack of transparency in the market. If regulators had encouraged greater transparency, there would have been more information available to investors, which could have led to greater confidence in the market.

5. Regulating credit rating agencies: Credit rating agencies played a significant role in the financial crisis of 2008. They gave high ratings to toxic financial products, which misled investors and led to the collapse of the market. If credit rating agencies were regulated more effectively, they would not have been able to give high ratings to risky products, and the market would have been more stable.

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1. The value of the stock account after Year 2 is $155,401.626.

2. The value of the stock account after Year 8 is $96,110.0674.

3. The value of the stock account after Year 11 is $96,110.0674.

4. The annual dividend income of the stock exceeds the annual interest income of the bond at the end of Year 15.

Bond interest rate: 5%

Stock dividend yield: 3.7% (10% less than S&P 500 average yield)

Stock dividend growth rate: 3% (50% of S&P 500 dividend growth rate)

We'll assume an initial investment of $100,000.

Year 1:

Bond interest income: $100,000 * 0.05 = $5,000

Stock dividend income: $100,000 * 0.037 = $3,700

Value of stock account: $100,000 + ($100,000 * 0.2337) = $123,370

1. Year 2:

Bond interest income: $100,000 * 0.05 = $5,000

Stock dividend income: $100,000 * 0.037 = $3,700

Value of stock account: $123,370 + ($123,370 * 0.2638) = $155,401.626

2. Year 8:

Bond interest income: $100,000 * 0.05 = $5,000

Stock dividend income: $100,000 * 0.037 = $3,700

Value of stock account: $155,401.626 + ($155,401.626 * (-0.3849)) = $96,110.0674

3. Year 11:

Bond interest income: $100,000 * 0.05 = $5,000

Stock dividend income: $100,000 * 0.037 = $3,700

Value of stock account: $96,110.0674 + ($96,110.0674 * 0) = $96,110.0674

4. At the end of Year 15, the dividend income of the stock exceeds the interest income of the bond.

Stock dividend income: $100,000 * 0.037 = $3,700

Bond interest income: $100,000 * 0.05 = $5,000

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Answer:

help the person out,and not yell at them.

Explanation:

If one person sinks then the whole team sinks. Team work makes the dream work :o

The most and least likely action to resolve the given situation would be as follows:

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Answer:

LLC

Explanation:

Sole proprietorships don't have employees

Answer:

The answer is D.

Explanation:

The correct answer is D. universally true for all markets

Other things being equal, as the price of goods and services increase, producers/firms tend to produce more(this is the popular law od supply) inorder to take advantage of the high revenue.

Unlike demand, for supply, price and quantity supplied are directly related.

To succeed in landing the job you want, you need to take the following steps:

Step 1: Identify the job that you want Before you start applying for jobs, you need to know what job you want. Identify the job position and the industry that you want to work in. Make a list of the companies that you would like to work for. Doing research about the company and job position is necessary to be able to tailor your resume and cover letter to match their requirements.

Step 2: Update your resume and cover letterThe resume and cover letter are two important tools in the job search process. It’s essential to keep them updated. It is essential to tailor the resume and cover letter for the job position you want. Be specific about the skills and experience that match the job description.

Step 3: NetworkIt’s important to network and make connections with people who work in your industry of interest. Networking could be done through LinkedIn, attending job fairs, or joining clubs or organizations that are related to your industry of interest.

Step 4: Job search engines and recruitment agencies Job search engines and recruitment agencies are excellent resources to help you find jobs in your industry of interest. Some of the popular job search engines are Indeed, Monster, and Glassdoor. Recruitment agencies are also helpful in finding jobs and have a database of available job positions.

Step 5: Prepare for the interview Once you land the job interview, it’s important to prepare and research the company and the job position. Prepare answers to common interview questions. Dress professionally and be on time. Show your enthusiasm and interest in the job position. Be confident and be yourself.

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1. Paid Office Station Co. for part of the debt incurred on April 5, $1,200.

Debit: Accounts Payable - Office Station Co.$1,200

Credit: Cash $1,200

2. Provided services on account, $4,200.

Debit: Accounts Receivable $4,200

Credit: Service Revenue  $4,200

To pay off the remaining balance owing to Office Station Co., a debit is sent to the accounts payable account. To account for the cash outflow, the Cash account is credited. This journal entry records the settlement of a portion of the debt incurred on April 5 with Office Station Co.

The acknowledgment of revenue for services rendered to a client on the account is represented by this journal entry. To reflect the increase in the amount due by the client, the Accounts Receivable account is debited.

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The complete question is probably

Write journal entries

12. Paid Office Station Co. for part of the debt incurred on April 5, $1,200. 12. Provided services on account, $4,200.​

The decision to share feedback about a manager should be based on a careful evaluation of the potential impact and one's own personal values and goals.

Sharing negative feedback about a manager can be a delicate situation, especially when it may affect the manager's performance review and future career opportunities. Before deciding whether to share the thoughts with the manager's manager, it is important to consider the potential consequences and benefits of doing so.

If the feedback is constructive and could help the manager improve their leadership skills, it may be worth sharing with the manager's manager in a tactful and respectful manner. However, if the feedback is solely based on personal opinions and could harm the manager's reputation or career prospects, it may be best to keep those thoughts to oneself.

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Critical thinking involves analyzing and evaluating information, while creative thinking involves generating new ideas and solutions. Positive use of leisure time includes engaging in activities that promote personal well-being, learning, self-improvement, socializing, and exploring new experiences.

Difference between critical and creative thinking:

Critical thinking is a cognitive process that involves analyzing and evaluating information or arguments in a logical and systematic manner. It focuses on objective analysis, reasoning, and problem-solving. Critical thinking requires the ability to question assumptions, recognize biases, and assess evidence to form well-reasoned judgments or decisions.

On the other hand, creative thinking involves generating new ideas, insights, or solutions. It is a process of divergent thinking, breaking away from conventional thoughts and exploring alternative perspectives.

Creative thinking often involves combining different ideas, making connections, and thinking outside the box. It encourages imagination, flexibility, and the ability to embrace uncertainty.

While critical thinking aims to assess and evaluate existing information or arguments, creative thinking aims to generate new possibilities or approaches. Critical thinking seeks to analyze and deconstruct, while creative thinking seeks to synthesize and construct.

Positive use of leisure time:

Leisure time refers to the period when individuals are free from work or other obligations and can engage in activities of their choice. Positive use of leisure time involves engaging in activities that contribute to personal well-being, growth, and fulfillment. Here are some examples:

Pursuing hobbies and interests: Engaging in activities such as painting, playing a musical instrument, gardening, or sports can provide relaxation, personal enjoyment, and a sense of accomplishment.

Learning and self-improvement: Using leisure time to learn new skills, read books, take online courses, or engage in personal development activities can enhance knowledge, broaden perspectives, and foster personal growth.

Physical and mental well-being: Allocating leisure time for exercise, meditation, yoga, or other wellness activities promotes physical fitness, reduces stress, and enhances overall well-being.

Socializing and building relationships: Spending leisure time with family, friends, or participating in community activities helps foster social connections, build relationships, and strengthen support networks.

Exploring new experiences: Traveling, visiting museums, attending cultural events, or trying new cuisines broadens horizons, provides exposure to different cultures, and creates memorable experiences.

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Using the appropriate tool from the Accountant Tools menu, the 4  options that can be batch reclassified in QuickBooks Online Accountant are options A, B, C  and F:

In the above question, too batch reclassify these items, you can use the "Batch Reclassify Transactions" tool, which can be found under the Accountant Tools menu.

This tool allows you to select multiple transactions and reclassify them to a different account, class, customer, or product/service.

Therefore, Locations, tax codes, and suppliers cannot be batch reclassified using this tool. However, you can edit individual transactions to change their location, tax code, or supplier if necessary.

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Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?

Classes

Customers

Products and Services

Locations

Tax Code

Account

Suppliers

The question is not specified but most probably requires the calculation and recording of the Bad debt expense for the month.

The relevant journal entry is:

Date            Account Title                                               Debit                Credit

Dec. 31        Bad debt expense                                   $24,300

                   Allowance for Uncollectible Accounts                             $24,300

Uncollectible account = 20% of Accounts receivable

= 20% x 111,000

= $22,200

Bad debt expense = Uncollectible accounts +  Allowance for Uncollectible Accounts

= 22,200 + 2,100

= $24,300

As an expense, bad debts will be debited to an expense account to show it is increasing. The Allowance account will be credited as a liability account.

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