Answers
Theodore Roosevelt supported powerful corporations that did business fairly under president Taft, the federal government brought lawsuits against many corporations who controlled railroads.
Is filing a lawsuit same to suing?A person is sued using their legal name and any aliases when a lawsuit is filed against them. You also require the address of the person. By reviewing whatever documentation you may have regarding the legal dispute, it is frequently simple to obtain this information if you do not already have it.
What does a lawsuit aim to accomplish?By bringing a lawsuit, you can demand compensation for any losses or harm—physical or emotional—that you may have suffered as a result of the other party's acts. You, the one making the claim, will be referred to as the plaintiff, and the party you are suing will be referred to as the defendant.
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Related Questions
Reggie, who is 55, had AGI of $35,200 in 2022. During the year, he paid the following medical expenses:
Drugs (prescribed by physicians)
Marijuana (prescribed by physicians)
Health insurance premiums-after taxes
Doctors' fees
Eyeglasses
Over-the-counter drugs
$ 570
1,470
1,280
1,320
445
270
Required:
Reggie received $570 in 2022 for a portion of the doctors' fees from his insurance. What is Reggie's medical expense deduction?
Answers
Reggie's medical expense deduction is $7,276.
AGI, or adjusted gross income, is a person's total income minus certain deductions and is used to calculate taxable income.
Reggie, who is 55 years old, had an AGI of $35,200 in 2022. During the year, he incurred the following medical expenses:
Drugs (prescribed by physicians): $5,701
Marijuana (prescribed by physicians): $1,470
Health insurance premiums-after taxes: $1,280
Doctors' fees: $1,320
Eyeglasses: $445
Over-the-counter drugs: $270
Reggie was reimbursed $570 by his insurance company for a portion of the doctors' fees. To calculate his medical expense deduction, we first need to subtract any reimbursements from his total medical expenses.
Total medical expenses: $5,701 + $1,470 + $1,280 + $1,320 + $445 + $270 = $10,486
Reimbursements: $570
Medical expenses after reimbursements: $10,486 - $570 = $9,916
To claim a medical expense deduction, the expenses must exceed a certain percentage of AGI, which varies depending on the taxpayer's age. For taxpayers who are 65 or younger, the threshold is 7.5% of AGI. For taxpayers who are over 65, the threshold is 7%.
Since Reggie is 55 years old, the threshold is 7.5% of his AGI or $35,200 x 0.075 = $2,640.
Therefore, Reggie can deduct the portion of his medical expenses that exceed $2,640.
Amount of medical expenses that exceed the threshold: $9,916 - $2,640 = $7,276
Therefore, Reggie's medical expense deduction is $7,276.
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What are some of the reasons businesses fail?
Answers
Answer:
The most common reasons businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, and unsuccessful marketing initiatives.
Some of the reasons businesses fail are lack of knowledge, lack of planning, lack of management of resources effectively.
What is business?An economic activity that involves the exchange of goods and services with the help of buying and selling with the objective to gain some profit is called Business.
A business can possibly fail when there is no planning of things like what to do and how to do it. For a business, to be effective, there should be a plan or roadmap which needs to be followed step by step in order to succeed.
A business will fail when it is unable to manage the capital as well as the workforce effectively and make optimum utilization of it in order to produce and achieve productivity in abundance.
When a business does not have expertise or knowledge about the field as well as current market trends and competitors it will go to fail as it is unable to cope with the trend
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A production department's output for the most recent month consisted of 8,400 units completed and transferred to the next stage of production and 5,400 units in ending Work in Process inventory. The units in ending Work in Process inventory were 60% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method.
Answers
Answer:
Equivalent units of production = 11,640 units
Explanation:
Equivalent units of production = Completed and transferred unit + Ending Work in Process inventory*60%
Equivalent units of production = 8,400 + (5,400 * 60%)
Equivalent units of production = 8,400 + 3,240
Equivalent units of production = 11,640 units
Discuss why positive thinking is critical in starting the entrepreneurship journey
Answers
1. Motivation: Starting a business can be challenging, and there will be times when things don't go as planned. Positive thinking can help entrepreneurs stay motivated and focused on their goals, even when faced with obstacles.
2. Resilience: Entrepreneurship is a journey filled with ups and downs. Positive thinking helps entrepreneurs build resilience and bounce back from setbacks quickly. It enables them to focus on solutions rather than dwelling on the problems.
3. Creativity: Positive thinking encourages entrepreneurs to think creatively and come up with innovative solutions to problems. Positivity can help entrepreneurs see possibilities where others may only see challenges.
4. Confidence: A positive mindset can help entrepreneurs approach challenges with confidence, which can be critical when making important business decisions. It helps entrepreneurs believe in their abilities and their vision, which can be contagious and attract others to their business.
5. Networking: Positive thinking can also help entrepreneurs build strong relationships with others. People are naturally drawn to positive individuals, and this can help entrepreneurs build a strong network of supporters, mentors, and partners.
In summary, positive thinking is critical in the entrepreneurial journey because it helps entrepreneurs stay motivated, builds resilience, encourages creativity, boosts confidence, and enables entrepreneurs to build strong relationships with others.
Summarize chaleff’s courageous followership?
Answers
Chaleff’s model of courageous followership is about creating a more collaborative and empowered relationship between followers and leaders, where followers are able to contribute more fully to the organization and leaders are able to benefit from the diverse perspectives and ideas of their followers.
Chaleff’s courageous followership is a model of followership that emphasizes the importance of followers taking an active role in their relationship with their leaders. According to Chaleff, followers who practice courageous followership are able to influence their leaders in a positive way, while also being able to hold their leaders accountable when necessary.
Courageous followership involves four key behaviors: 1) active engagement, which means actively participating in the work of the organization and being proactive in seeking out opportunities to contribute; 2) critical thinking, which involves questioning assumptions and challenging the status quo when necessary; 3) independent thinking, which means being able to think for oneself and not just blindly following the leader; and 4) being a responsible and courageous follower, which means taking responsibility for one’s own actions and having the courage to speak up when necessary.
Overall, Chaleff’s model of courageous followership is about creating a more collaborative and empowered relationship between followers and leaders, where followers are able to contribute more fully to the organization and leaders are able to benefit from the diverse perspectives and ideas of their followers.
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The T-Shirt Factory purchased 12 futures contracts on cotton at a quoted price of 55.50 as a hedge against its inventory needs. At the time it actually needed the cotton, the spot price was 56.10. Cotton futures are based on 50,000 pounds and quoted in cents per pound. How much did the Shirt Factory save by hedging cotton?
A. $1,280
B. $560
C. $2,400
D. $3,600
Answers
Answer:
D
Explanation: ……….
I need a an idea of followership introduction help me!
Answers
Followership refers to the role, behavior, and actions of individuals who are not in a leadership position, but rather, they support and collaborate with their leaders to achieve shared goals. Followership is an essential aspect of organizational success, as it complements leadership and fosters a harmonious work environment.
Effective followers exhibit characteristics such as being proactive, taking responsibility, and engaging in open communication with their leaders. They also possess the ability to think critically and provide valuable feedback for the betterment of the team. By embracing the principles of followership, individuals contribute positively to the overall performance and morale of the organization.
It is important to note that followership does not imply blind obedience or passivity. Instead, it involves active engagement and collaboration with leaders to achieve common objectives. In this dynamic relationship, leaders and followers must work together, learn from each other, and adapt to changing circumstances.
In conclusion, followership is a vital component of successful organizations and plays a significant role in accomplishing shared goals. By cultivating strong followership skills, individuals can effectively support their leaders, enhance team performance, and contribute to the growth and success of the organization.
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Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
Answers
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
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Why does supply decrease when the price
of resources increases?
Answers
Answer:
see below
Explanation:
Resources are the ( inputs) materials used in the production of goods meant for sale. The cost of inputs has a direct impact on the price of the finished goods(output). An increase in the cost of inputs increases the cost of production. An increase in production cost increases without a corresponding rise in the selling price means that the profits margin per unit will decline.
Suppliers are motivated to sell or deliver more quantities in the market by profit prospects. An increase in the costs of inputs decreases profit margins. Reduced profits margin result in suppliers supplying reduced quantities in the markets.
What is average of numbers on b4:b12
Answers
The average of numbers on b4:b12 is the sum of (b4:b12)/9.
What is an average?An average is a central value of some numbers. An average value can be referred to as the mean, median, or mode because an average typically represents a group of numbers (or data set).
Thus, when the numbers contained in the data set, b4:b12, are summed and divided by 9, the arithmetic average (mean) is found. The mode can also be discovered in the data set by looking for the number that appears most among the nine numbers.
Another average value that we can compute is the median, which refers to the middle number 8 (b8) between b4 and b12, especially after they are sorted in ascending or descending order.
Thus, the average of numbers on the b4:b12 range can simply mean the sum of (b4:b12)/9.
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Rational investor's are motivated to purchase an asset because of its
Answers
Which Airlines lounges are the best ?
Answers
Reason:
Air France’s first class is the whole package. Not only does Air France offer one of the world’s best first class inflight products, but the carrier’s ground experience in Paris is equally impressive.
If you’re connecting in Paris, you’ll be picked up at your plane and driven to the first class lounge, and then later on will be driven from the first class lounge to your connecting flight.
There’s so much to love about the Air France first class lounge, though my favorite thing is probably the restaurant, which has an Alain Ducasse menu. In my experience it’s the best food offered in any airline lounge in the world. It’s not just that the food quality is excellent, but the service and presentation are equally good.
Hopefully this helps!
Answer:
Air France La Première Lounge, Paris is the first best Airline lounge in the World.
Explanation:
The Air France La Première Lounge gives its customer one of the fashionable flying experiences in the world, as it includes freshening up the cozy cocktail bar to be brighter and more inviting, adding semi-private relaxation areas and installing new pieces of art.
In addition to having one of the best first class inflight experiences available, Air France also provides an outstanding ground experience in Paris. Best food is also offered at the restaurant there.
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N 1: BUSINESS SECTORS Complete the table by referring to the companies/ profession and classify each under the correct business sector. Khulamini farming, Makwakwa Attorneys. Cape Timber & Mo Shoprite, Anglo platinum, Eskom. Thanda Construction (Pty) L PRIMARY SECTOR SECONDARY SECTOR TERTIARY SEC Advise businesses on the purpose (importance) of the private sector
Answers
Makwakwa Attorneys SECONDARY
Cape Timber & Mo SECONDARY
Shoprite SECONDARY
Anglo platinum SECONDARY
Eskom SECONDARY
What is the purpose and importance of the private sector?The private sector plays a crucial role in the economy by driving innovation, creating jobs and contributing to economic growth. It encompasses businesses and organizations that are privately owned and operated, rather than being under government control.
The private sector includes various industries such as agriculture, manufacturing, services, finance and more. Its purpose is to generate profit and provide goods and services to meet the demands of consumers. By operating independently, the private sector promotes competition, efficiency and entrepreneurship leading to economic development and increased prosperity.
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1. Create a demand curve and supply curve for jeans using the following table of values:
PRICE QUANTITY PRICE
QUANTITY
10
500
10
200
20
450
20
250
30
400
30
300
40
350
40
350
50
.°S
300
50
400
250
60
450
200
70
500
Answers
this is for Accounting 1
Answers
Answer:
B
Explanation:
secretaries
hope this is helpful.
Magnificent Blooms is a florist specializing in floral arrangements for weddings, bo graduations, and other events. Magnificent Blooms has a fixed cost associated with space and equipment of $100 per day. Each worker is paid $50 per day. The daily production § function for Magnificent Blooms is shown in the accompanying table. © Macmil Submit All Quantity of labor (workers) 0 1 2 3 4 5 a. Calculate the marginal product of each worker. Quantity of floral arrangements 0 5 9 12 14 15 Marginal product Quantity of labor (workers) 1 2
Answers
The marginal product of each worker for Magnificent Blooms is as follows: Worker 0: N/A: Worker 1: 5: Worker 2: 4: Worker 3: 3: Worker 4: 2: Worker 5: 1
To calculate the marginal product of each worker for Magnificent Blooms, we need to determine the change in the quantity of floral arrangements resulting from each additional worker.
Here's how to calculate the marginal product for each worker:
Worker 0: Since there are no workers (0 workers), the quantity of floral arrangements is 0. Therefore, the marginal product for worker 0 cannot be calculated.
Worker 1: The quantity of floral arrangements with 1 worker is 5. To calculate the marginal product for worker 1, we subtract the quantity of floral arrangements with 0 workers from the quantity with 1 worker: 5 - 0 = 5.
Worker 2: The quantity of floral arrangements with 2 workers is 9. To calculate the marginal product for worker 2, we subtract the quantity of floral arrangements with 1 worker from the quantity with 2 workers: 9 - 5 = 4.
Worker 3: The quantity of floral arrangements with 3 workers is 12. To calculate the marginal product for worker 3, we subtract the quantity of floral arrangements with 2 workers from the quantity with 3 workers: 12 - 9 = 3.
Worker 4: The quantity of floral arrangements with 4 workers is 14. To calculate the marginal product for worker 4, we subtract the quantity of floral arrangements with 3 workers from the quantity with 4 workers: 14 - 12 = 2.
Worker 5: The quantity of floral arrangements with 5 workers is 15. To calculate the marginal product for worker 5, we subtract the quantity of floral arrangements with 4 workers from the quantity with 5 workers: 15 - 14 = 1.
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Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May, the company budgeted for 6,100 units, but its actual level of activity was 6,050 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for May:
Data used in budgeting:
Fixed element per month Variable element per unit
Revenue - $32.60
Direct labor $0 $3.90
Direct materials 0 12.10
Manufacturing overhead 33,400 1.80
Selling and administrative expenses 28,300 0.40
Total expenses $61,700 $18.20
Actual results for May:
Revenue $200,564
Direct labor $22,786
Direct materials $73,824
Manufacturing overhead $43,922
Selling and administrative expenses $31,896
The direct labor in the planning budget for May would be closest to:_________
a. $23,010
b. $22,633
c. $22,786
d. $23,166
Answers
Answer:
$23,595
Explanation:
The computation of the direct labor in the planning budget is shown below:
Direct labor in planning budget is
= Actual level of Activity × Direct labor per unit
= 6,050 × $3.90
= $23,595
For calculating the direct labor in the planning budget we simply multiplied the actual activity level by the direct labor per unit
This is the answer but the same is not provided in the given options
One basic factor for success with DynamoDB. select one
Answers
Answer:
how can I select one of there isn't any options.
Seidner Company has the following information available:
Total fixed costs $80,000
Targeted after-tax net income $18,000
Contribution margin per unit $2.00
Tax rate 40%
How many units must be sold to achieve the targeted after-tax net income?
A) 45,400
B) 49,000
C) 55,000
D) 62,500
Answers
Problem-6; (chapter 3) SS Ltd. obtained significant influence over YY Ltd by buying 30% of Y's 100,000 outstanding ordinary shares at a cost of Br 18 per share on January 1, 2022. On May 15, YY declared and paid a cash dividend of Br 150,000. On December 31, YY reported net income of Br 270,000 for the year. (a) record acquisition of shares (a) record revenue and dividends
Answers
(a) Record acquisition of shares: Investment in YY Ltd. Dr. Br 540,000, Cash Cr. Br 540,000.
(a) Record revenue and dividends: Dividend Receivable Dr. Br 45,000, Revenue from Investment in YY Ltd. Cr. Br 45,000; Investment in YY Ltd. Dr. Br 81,000, Revenue from Investment in YY Ltd. Cr. Br 81,000.
(a) To record the acquisition of shares by SS Ltd. on January 1, 2022:
Investment in YY Ltd. (30% of 100,000 shares * Br 18) Dr. Br 540,000
Cash Cr. Br 540,000
This journal entry records the purchase of 30% of YY Ltd.'s outstanding shares for a total cost of Br 540,000.
(b) To record revenue and dividends for the year:
On May 15, YY Ltd. declared and paid a cash dividend of Br 150,000. This dividend represents the portion of the company's earnings that will be distributed to its shareholders.
Dividend Receivable Dr. Br 45,000 (30% of Br 150,000)
Revenue from Investment in YY Ltd. Cr. Br 45,000
This entry recognizes the dividend revenue earned by SS Ltd. from its investment in YY Ltd.
On December 31, YY Ltd. reported net income of Br 270,000 for the year. As SS Ltd. has significant influence over YY Ltd., it needs to adjust its investment account for its share of the net income.
Investment in YY Ltd. Dr. Br 81,000 (30% of Br 270,000)
Revenue from Investment in YY Ltd. Cr. Br 81,000
This entry records the revenue earned by SS Ltd. from its share of YY Ltd.'s net income.
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Question What is the volume of this figure? Enter your answer in the box. cm³ A right rectangular prism with a trapezoidal prism. The rectangular prism has a length of 12 centimeters, a width of 10 centimeters, and a height of 80 centimeters. The trapezoidal prism shares a face with the rectangular prism. The trapezoid base has lengths of 22 centimeters and 12 centimeters and a height of 10 centimeters. The height of the trapezoidal prism is 80 centimeters.
Answers
The volume of the figure is 23,200 cm³.
To find the volume of the figure, we need to calculate the volumes of the rectangular prism and the trapezoidal prism separately and then add them together.
The volume of a rectangular prism is given by the formula:
Volume = Length × Width × Height
For the rectangular prism:
Length = 12 cm
Width = 10 cm
Height = 80 cm
Volume of the rectangular prism = 12 cm × 10 cm × 80 cm = 9,600 cm³
Now, let's calculate the volume of the trapezoidal prism. The formula for the volume of a prism is the product of the base area and the height.
The trapezoid base has lengths of 22 cm and 12 cm and a height of 10 cm.
To find the area of the trapezoid base, we use the formula:
Area = (a + b) / 2 × h
where a and b are the lengths of the parallel sides and h is the height.
Area of the trapezoid base = (22 cm + 12 cm) / 2 × 10 cm = 17 cm × 10 cm = 170 cm²
Now, we can calculate the volume of the trapezoidal prism:
Volume of the trapezoidal prism = Area of the trapezoid base × Height
Volume of the trapezoidal prism = 170 cm² × 80 cm = 13,600 cm³
Finally, we can find the total volume of the figure by adding the volumes of the rectangular prism and the trapezoidal prism:
Total Volume = Volume of the rectangular prism + Volume of the trapezoidal prism
Total Volume = 9,600 cm³ + 13,600 cm³ = 23,200 cm³
Therefore, the volume of the figure is 23,200 cm³.
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As we increase the number of stocks in a portfolio, the standard deviation of returns of the portfolio ______. A) increases. B) remains unchanged. C) decreases
Answers
As we increase the number of stocks in a portfolio, the standard deviation of returns of the portfolio C) decreases.
What happens to standard deviation when stocks in a portfolio rises ?When the number of stock in a portfolio rises, we find that the standard deviation of the returns of the portfolio will decrease. In other words, there is an indirect relationship between standard deviation and the number of stocks in a portfolio.
The reason for this is that as more stock is added to a portfolio, it would increase the diversification of that portfolio and therefore reduce risk. Risk is measured by the standard deviation and so it will fall.
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Answer: the standard deviation of returns of the portfolio C) decreases
Explanation:
Which of the following statements is correct? Investing money is the same as putting it into savings. People earn interest and taxes by working at their jobs. Money in a savings account earns interest. All of these choices are correct.
Answers
Investing money is different from putting it into savings, people earn interest on money in a savings account, and taxes are not earned by working at a job but are deducted from income. All of these choices are correct.
1. Investing money is not the same as putting it into savings. When you invest money, you purchase assets such as stocks, bonds, or real estate with the expectation of generating a profit over time. Investing involves taking on risk in the hope of earning a higher return on your money.
2. People do not earn interest and taxes by working at their jobs. Taxes are typically deducted from an individual's income, and interest is earned by depositing money in a savings account or investing it in interest-bearing assets. Income earned through employment is subject to taxation, but it does not directly result in interest earnings.
3. Money in a savings account does earn interest. When you deposit money into a savings account, the bank pays you interest on that balance. The interest rate may vary depending on the bank and the type of savings account you have. This interest is a form of passive income that you earn on your savings over time.
Therefore, the correct statement is that all of these choices are correct.
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00 For Market failures means that the market has not achieved its optimum production outcome. This means that it has not produced the correct quantity of goods and services. QUESTION 1 Conduct a research to any small business that is manufacturing goods in your community. Make an appointment to interview the owner for the purpose of collecting the information using the questionnaire below. 1.1 General information: ● Name of the firm / business Specify the type of goods or service ● ● Position of the person interviewed ● Date of the interview 1,2 Explain briefly the negative impact the following factors have in your business. (10) Lack of information: ● Price discrimination Immobility of factors of production with special reference to: Physical capital Structural changes ● ● (1) ● (1) (1) (1) [14] QUESTION 2: Interview 3-4 community members that reside near the business you have visited. 2.1 Ask them to name any TWO negative externalities and TWO positive externalities caused by the local business, (2 x 2) (4) 2.2 Request them to list any TWO characteristics of public goods. (2 x 1) (2) 2.3 Use the negative externality and positive externality graphs to explain the impact this business have to the society (10) [16]
Answers
The first step in researching a small business in your neighborhood is to find a suitable nearby manufacturing company.
Once you do, contact the manager or owner to arrange an interview. Gather general information during the interview, such as the name of the company or business, what types of products or services they provide, the interviewer's position, and the time and date of the interview.
Then, focus on the detrimental effects different situations can have on the company. Briefly describe the impact on business of informational gaps, price discrimination, immobility of production variables (with a focus on physical capital), and structural changes.
Interview three to four locals who live close to the establishment you just visited. Ask them to list two unfavorable and two beneficial externalities brought about by the neighborhood business. Ask them to add two properties of public goods to the list as well.
Finally, use the data from the interviews to create graphs showing the positive and negative externalities of business on society. These infographics will graphically describe the costs and benefits that the company's neighborhood has.
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Nakashima Gallery had the following petty cash transactions in February of the current year.
Feb.
2 Wrote a $400 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier.
5 Purchased bond paper for the copier for $14.15 that is immediately used.
9 Paid $32.50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Nakashima uses the perpetual system to account for merchandise inventory.
12 Paid $7.95 postage to express mail a contract to a client.
14 Reimbursed Adina Sharon, the manager, $68 for business mileage on her car.
20 Purchased stationery for $67.77 that is immediately used.
23 Paid a courier $20 to deliver merchandise sold to a customer, terms FOB destination.
25 Paid $13.10 COD shipping charges on merchandise purchased for resale, terms FOB shipping point.
27 Paid $54 for postage expenses.
28 The fund had $120.42 remaining in the petty cash box. Sorted the petty cash receipts by accounts affected and exchanged them for a check to reimburse the fund for expenditures.
28 The petty cash fund amount is increased by $100 to a total of $500.
Required:
1. Prepare the journal entry to establish the petty cash fund.
2. Prepare a petty cash payments report for February with these categories: delivery expense, mileage expense, postage expense, merchandise inventory (for transportation-in), and office supplies expense. Sort the payments into the appropriate categories and total the expenditures in each category. (Round your answers to 2 decimal places.)
3. Prepare the journal entries for part 2 to both (a) reimburse and (b) increase the fund amount. (Roundyour answers to 2 decimal places.)
Answers
Answer:
(‘1)
Date Account Details Debit Credit
Feb 2 Petty Cash 400
Cash 400
Petty cash fund established
(‘2) Nakashima Gallery - Petty Cash Reconciliation Report for the month of February
Custodian Name- Chole Addison
Date Expense Description Amount ($)
Feb 5 Office Supplies Bond paper for copier 14.15
Feb 9 Merchandise Inventory Shipping charges as per
FOB shipping point term 32.50
Feb 12 Postage Expense Paid towards express mail for
communication with client 7.95
Feb 14 Mileage Expense Paid to Adina Sharon for
reimbursement of mileage expense 68
Feb 20 Office Supplies Stationery purchased 67.77
Feb 23 Delivery Expense Courier charges paid as per
FOB destination term for sale of merchandise 20
Feb 25 Merchandise Inventory Shipping charges as per
FOB shipping point term 13.10
Feb 27 Postage expense Postage expenses paid 54
Total Receipts to be reimbursed (a) 277.47
Total Cash on Hand 120.42
Total Cash and Receipts 397.89
Cash Short ( 400-397.89) (b) 2.11
Total to be replenished (a+b) 279.58
Please issue a cheque in the amount of $ 279.58 payable to petty cash custodians.
Sorting of Expense
Expense Amount
Delivery Expense 20
Merchandise Inventory 45.60
Mileage Expense 68
Office Supplies 81.92
Postage 61.95
Total 277.47
(‘3)
Date Account Details Debit Credit
Feb 28 Delivery Expense 20
Merchandise Inventory 45.60
Mileage Expense 68
Office Supplies 81.92
Postage 61.95
Cash Short and Over 2.11
Cash 279.58
To record the replenish of petty cash
Feb 28 Petty Cash 100
Cash 100
To record the increase in petty cash level up to $ 500.
Dwight Donovan, the president of Munoz Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of five years and no salvage value. Project B supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are $106,000 and for Project B are $46,000. The annual expected cash inflows are $27,252 for Project A and $12,761 for Project B. Both investments are expected to provide cash flow benefits for the next five years. Munoz Enterprises’ desired rate of return is 8 percent. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.)
Required
Compute the net present value of each project. Which project should be adopted based on the net present value approach?
Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach?
What is the Net Present Value for project A and project B?
Project A?
Project B?
Answers
The project that should be adopted based on the net present value is project B.
The project that should be adopted based on the internal rate of return is project B.
Which projects should be adopted?Net present value is the present value of after-tax cash flows from an investment less the amount invested. Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
The decision rule when using the internal rate of return and the net present value is to undertake the project if the internal rate of return and net present value.
NPV and IRR can be calculated using a financial calculator:
Project A:
Cash flow in year 0 = $-106,000
Cash flow in year 1 - 5= $27,252
I = 8 %
NPV = $2,809.33
IRR = 9%
Project B:
Cash flow in year 0 = $-46,000.
Cash flow in year 1 - 5= $12,761
I = 8 %
NPV = $4,950.97
IRR = 12%
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Rebecca holds 100 shares of Gotchas stock that she purchased for $4,200 several years ago. In a merger of Gotchas into Solis, Inc., Rebecca exchanges her 100 Gotchas shares for 1,000 Solis shares and $840. Gotchas is valued at $92.40 per share and Solis at $8.40 per share.
a. What is Rebecca's realized and recognized gain/loss from the reorganization?
The exchange of Rebecca’s stock
has no
income tax consequences for Gotchas or Solis.
b. What is Rebecca's basis in her Solis stock?
$fill in the blank 2
8,400
Answers
Rebecca suffered a loss as a result of the merger of two companies.
How did she end up losing in this situation?She first purchased 100 Gotchas shares for a total of $4200. And after the merger, she sold these shares and purchased new Solis shares, where she gained $5000 after selling previous shares but lost $3400 after purchasing new shares.
Merging means combining two separate legal entities into a single new legal entity. True mergers are uncommon because it is uncommon for two equal companies to benefit mutually from combining resources and personnel, including their CEOs.
A merger is a business transaction in which two existing, independent companies join forces to form a new, single legal entity.
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Before filing a consumer complaint, you should
A. write a negative review
B. threaten legal action
C. gather documentation
D. consult a lawyer
Answers
if you don’t have proof no one will believe you
SA Traders is a registered VAT vendor. The following information was recorded in the accounting records of SA Traders as at 28 February 2022 (the financial year-end):
R
Office furniture at cost
228 500
Vehicles at cost
575 000
Accumulated depreciation: Office furniture (1 March 2021)
89 650
Accumulated depreciation: Vehicles (1 March 2021)
230 950
The office furniture is depreciated at 30% per annum, using the straight-line method. Vehicles are depreciated at 20% per annum, using the reducing balance method.
What will be the carrying value of the vehicles as at 28 February 2022?
Answers
The carrying value of the vehicles as of 28 February 2022 is 275,240.
To determine the carrying value of the vehicles as of 28 February 2022, we need to consider the original cost of the vehicles, accumulated depreciation, and the depreciation method used.
The original cost of the vehicles is given as 575,000.
The accumulated depreciation as of 1 March 2021 is 230,950.
The depreciation method used for vehicles is the reducing balance method, which means that the depreciation expense is calculated as a percentage of the remaining carrying value of the asset each year.
To calculate the depreciation for the year ending 28 February 2022, we need to determine the depreciation expense for the year. The reducing balance depreciation is calculated as a percentage of the carrying value of the asset after deducting the accumulated depreciation.
Depreciation expense for the year = Carrying value of the asset * Depreciation rate
The depreciation rate for vehicles is 20% per annum.
Carrying value of the vehicles as of 1 March 2021 = Original cost - Accumulated depreciation
Carrying value of the vehicles as of 1 March 2021 = 575,000 - 230,950
Carrying value of the vehicles as of 1 March 2021 = 344,050
Depreciation expense for the year ending 28 February 2022 = 344,050 * 20% = 68,810
To find the carrying value of the vehicles as of 28 February 2022, we deduct the depreciation expense for the year from the carrying value as of 1 March 2021:
Carrying value of the vehicles as of 28 February 2022 = Carrying value as of 1 March 2021 - Depreciation expense for the year
Carrying value of the vehicles as of 28 February 2022 = 344,050 - 68,810
Carrying value of the vehicles as of 28 February 2022 = 275,240
Therefore, the carrying value of the vehicles as of 28 February 2022 is 275,240. This represents the net book value of the vehicles after accounting for depreciation.
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Please answer in one minute will mark BRAINLIST
Answers
Answer:
it's b reckless. ... ...
Answer:
b
Explanation:
reckless