When economists use the term labor in its broadest sense, it applies to blue and white-collar workers, professional individuals such as lawyers, professors, and dentists, as well as small business owners.
how does opportunity cost affect decision making
Opportunity costs apply to many aspects of life decisions. Often, money becomes the root cause of decision-making. If you decide to spend money on a vacation and you delay your home's remodel, then your opportunity cost is the benefit of living in a renovated home.
Which of the following would appear in the cash flows from investing activities section of the statement of cash flows?
a. Cash received from stock issued
b. Cash received from bonds payable
c. Depreciation expense on equipment
d. Cash paid for equipment
The correct answer is:
d. Cash paid for equipment
Cash flows from investing activities include transactions related to the acquisition or sale of long-term assets such as property, plant, and equipment. Cash paid for the purchase of equipment would be categorized as an investing activity because it involves the outflow of cash for the acquisition of a long-term asset.
Sloths only move about 5 feet per minute. How many minutes would it take a sloth to walk across a 100-yard football field?
__ minutes
A football field is 100 yards long, which is equal to 300 feet (since 1 yard = 3 feet).
If a sloth moves 5 feet per minute, we can calculate the number of minutes it would take the sloth to cross the football field by dividing the total distance by the distance the sloth covers per minute:
300 feet / 5 feet per minute = 60 minutes
Therefore, it would take a sloth approximately 60 minutes to walk across a 100-yard football field.
What is the volume in cubic feet of 4 feet by 4 feet by 8 feet?The volume of an object is calculated by multiplying its length, width, and height.
4 feet by 4 feet by 8 feet in this context denotes the object's length, width, and height.
Volume is equal to 128 cubic feet or 4 feet * 4 feet * 8 feet.
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What motivates people to buy certain products?
10 points pls help You should share a copy of your résumé with the following ______.
Answer:
employer or you family buts thats it hahah
Answer:
individuals you use as references
Explanation:
So they can help spread your chance of getting more jobs
the government of the articles of confederation was successful in resolving the problem of how to responses open british caribbean ports to american trade open british caribbean ports to american trade enable american citizens to trade through the port of new orleans enable american citizens to trade through the port of new orleans overcome state-imposed tariff barriers to interstate commerce overcome state-imposed tariff barriers to interstate commerce provide for statehood for western territories provide for statehood for western territories secure sufficient funds for payment of the national debt
open british caribbean ports to american trade enable american citizens to trade through the port by provide for statehood for western territories.so correct answer is provide for statehood for western territories.
What does the word "trade" mean?The exchange of commodities or services on a voluntary basis between members of the economy is referred to as trade. Trade is typically seen as advantageous to both parties because transactions are voluntary. Trading is the term used in finance to describe the buying and selling of securities or other assets. Consider Liam and Henry to be the two individuals. Liam needs food, whereas Henry has food but needs wool, and vice versa. In order to make sure that Liam receives food and Henry receives wool, which will satisfy both of them, Liam and Henry will trade food and wool. An excellent illustration of trade is this.
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Write about why it is important for world leaders to make just decisions for their people and to treat neighboring countries with respect.
Answer: Approaches to authority and decision making are not the only ways in which cultures differ, but they are arguably the most important in the leadership context. ... (For a more general treatment of cultural differences, take a look at my May 2014 ... with companies in those countries, you might have noticed that a lot of people ...
Explanation:
Explain other advantages of the autociatic leadership style. se Se busines
The autocratic leadership style has several advantages in certain business situations. Firstly, it allows for quick decision-making and efficient execution. In an autocratic leadership approach, the leader has the authority to make decisions without consulting others extensively. This can be advantageous in situations where immediate action is needed or when there is limited time for deliberation. By taking charge and making decisions swiftly, autocratic leaders can ensure that tasks are completed efficiently and objectives are met in a timely manner.
Secondly, autocratic leadership provides clear direction and reduces ambiguity. The leader in this style has a strong control over the decision-making process and can provide clear instructions to their team members. This clarity helps employees understand their roles and responsibilities, minimizing confusion and increasing productivity. Autocratic leaders often set specific goals and expectations, which can be beneficial in situations where precision and adherence to guidelines are crucial.
Additionally, the autocratic style can be effective in organizations or industries that require a hierarchical structure or where strict compliance is necessary. Industries such as the military, manufacturing, or emergency services often rely on autocratic leadership to ensure discipline, maintain order, and promote safety.
However, it is important to note that the autocratic leadership style may not be suitable for all situations or business contexts. It can stifle creativity and innovation by limiting input and involvement from team members. It may also lead to decreased employee satisfaction and motivation, as individuals may feel disempowered or undervalued. Therefore, the autocratic style should be used selectively and combined with other leadership approaches to create a balanced and inclusive organizational culture.
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Assume that the federal government determines the total level of pollutants that can be discharged by city industries. A city is able to buy and sell the rights to this total discharge level with other cities. This example illustrates a(n): environmental standard. emissions tax. Pigouvian tax. tradable emissions permit.
Answer:
D. Trad-able emissions permit.
Explanation:
When a city is able to buy and sell the rights to this total discharge level with other cities, then it is called as trad-able emissions permit. Trad-able emissions permit are well used for controlling the emissions and thereby the overall pollution is also controlled. It also provides permission for an industry or city to pollute in a controlled amount for a given time period.
Describing Architecture and Construction Work
According to the video, what do workers in this career cluster often do? Check all that apply.
sell products
entertain customers
interact with others
sit for long periods
work outdoors
o focus on details
Answer:
c)interact with others, e)work outdoors, f)focus on details
Explanation:
edge
Answer:
C,E,F
Explanation:
Duval Co. issues four-year bonds with a $117,000 par value on January 1, 2019, at a price of $112,870. The annual contract rate is 9%, and interest is paid semiannually on June 30 and December 31.
Requried:
Prepare an amortization table for these bonds. Use the straight-line method of interest amortization.
Answer and Explanation:
The preparation of the amortization table is presented below:
Semiannual Discount Unamortized Discount Carrying Value
Period-End amortized
1/1/19 $4,130 $ 112,870
($117,000 - $112,870)
6/30/19 $3,613.75 $113,386.25
($4,130 - $4,130 ÷ 8 years) ($112,870 + $516,25)
12/31/19 $3,097.50 $113,902.50
($3,613 - $4,130 ÷ 8 years) ($112,.870 + $516,25)
6/30/20 $2,581.25 $114,418.75
($3,097.50 - $4,130 ÷ 8 years) ($113,902 + $516.25)
12/31/20 $2,065.00 $114,935.00
($2,581.25 - $4,130 ÷ 8 years)
6/30/21 $1,548.75 $115,451.25
($2,065 - $4,130 ÷ 8 years)
12/31/21 $1,032.50 $115,967.50
($1,548.75 - $4,130 ÷ 8 years)
6/30/22 $516.25 $116,483.75
($1,032.50 - $4,130 ÷ 8 years)
12/31/22 $- $ 117,000.00
($516.25 - $4,130 ÷ 8 years)
The same method is applicable for other time period
Please answer the questions in the photo. Do not copy and paste from the internet.
2. Businesses that market goods and services can be classified based on the types of products or services they offer. Here are some common classifications:
The businesses that would market goods and servicesConsumer goods: These are goods that are bought and used by individuals for their personal use. Examples include clothing, food, electronics, and household items. Businesses that sell consumer goods are often referred to as retailers, and they can be further classified based on the types of products they sell (e.g. clothing retailers, grocery stores, electronics stores).
Business-to-business (B2B): These are businesses that sell products or services to other businesses rather than to consumers. Examples include suppliers of raw materials, manufacturers of components, and consulting firms. B2B businesses can also be classified based on the types of products or services they offer (e.g. IT services, logistics companies, marketing agencies).
Service businesses: These are businesses that provide services rather than physical goods. Examples include healthcare providers, hairdressers, financial advisors, and consulting firms. Service businesses can be further classified based on the types of services they provide (e.g. healthcare services, professional services, personal services).
There are several types of retail businesses, each with its own advantages and disadvantages. Here are some examples:
Brick-and-mortar stores: These are traditional physical stores that customers visit to make purchases. Brick-and-mortar stores offer the advantage of providing a tactile and personal shopping experience, but they also require significant overhead costs (e.g. rent, utilities, inventory management).
Online retailers: These are businesses that sell products exclusively online, often through e-commerce platforms like Amazon or Shopify. Online retailers offer the advantage of lower overhead costs and a wider potential customer base, but they also face fierce competition and the need to constantly optimize their digital marketing efforts.
Pop-up shops: These are temporary physical stores that are set up in a specific location for a limited time (e.g. a holiday season). Pop-up shops offer the advantage of providing a unique and time-limited shopping experience, but they also require significant planning and logistical coordination.
Franchise stores: These are retail stores that operate under the brand and business model of a larger franchise organization (e.g. McDonald's, 7-Eleven). Franchise stores offer the advantage of a proven business model and brand recognition, but they also require significant initial investment and ongoing franchise fees.
Ultimately, the type of retail business that would be most interesting to pursue depends on factors such as personal preferences, financial resources, and market opportunities. For example, someone who is passionate about fashion and has a limited budget might consider starting an online boutique, while someone who has significant financial resources and is interested in owning multiple locations might consider investing in a franchise business.
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For each of the following separate situations, determine the amount of expense each company should recognize in December (using accrual basis accounting).
a. Chipotle has monthly wages expense of $3,200 that has been incurred but not paid as of December 31.
b. United Airlines purchases a 24-month insurance policy for $48,000 on December 1 for immediate coverage.
c. On December 15, Pfizer prepays $20,000 for hotel rooms for its annual sales meeting in January.
Answer:
A. 3200
B. 2000
C. 0
Explanation:
A. At the end of the month the wages must be paid so it is the whole amount.
B. Because only one month of the policy has been used, the answer is 48000/24 for the one month that has been used.
C. Because the rooms have not been used - the answer is 0.
⦁ Give me an example of how you have demonstrated safe work practices.
An example of safe work practices is cleaning and maintaining equipment and tools.
Safe work procedures are instructions on how to execute work in a safe manner and are essential for all hazardous jobs performed at your business. They identify dangers and explain what has to be done to remove or reduce risks.
Cleaning and maintaining equipment and tools properly can help to avoid accidents and injuries, as well as costly repairs. One method is to keep a cleaning and maintenance routine. Make a record of all equipment in use, noting important areas that require inspection.
Therefore, maintenance of equipment is how we can demonstrate safe work practices.
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Equipment and tool maintenance and cleaning are two examples of safe work practices.
All hazardous operations carried out at your company must follow safe work procedures, which are guidelines for how to carry out work in a safe manner. They point out risks and describe what has to be done to eliminate or lessen them.
Proper equipment and tool maintenance can reduce the risk of accidents, injuries, and expensive repairs. Maintaining a cleaning and maintenance schedule is one strategy. Make a list of all the equipment that is in use, noting any crucial locations that need inspection.
As a result, maintaining the equipment is how we can show safe working practices.
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In 25 words or fewer, explain how changes in the number of undocumented workers since 1995 affects HR management.
Today's HR departments—at least the forward-thinking ones—spend their energy managing employee engagement and bolstering culture rather than concentrating on people management and administrative responsibilities.
What is HR management?
In order to effectively and efficiently manage people in a company or organisation and provide it a competitive edge, it is known as Human Resource management (HRM or HR). In support of a company's strategic goals, it is made to optimise staff performance. The primary focus of Human Resource management, which also emphasises systems and policies, is the management of individuals inside businesses. The management of pay and benefit systems, as well as employee recruiting, training, and development, falls within the purview of HR departments, which are also in charge of regulating these areas. Organizational transformation and labour relations, or the balancing of organisational practises with obligations emerging from collective bargaining and governmental regulations, are other issues that HR is concerned with.
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In 25 words or fewer, explain how changes in the number of undocumented workers since 1995 affects HR management.
4. Which of the following is identified as a 501(c)(3)?
Answer:
Clause is for the non profit organization
Explanation:
as the non profit organization (NGO) where company donate all its profit but unrelated business income.
1st is correct
A 501(c)(3) is a type of non-profit organization recognized by the Internal Revenue Service (IRS) in the United States.
501(c)(3)This designation refers to organizations that are organized and operated exclusively for charitable, religious, educational, scientific, or literary purposes, or for the prevention of cruelty to animals or children.
To be recognized as a 501(c)(3), an organization must meet certain requirements and file the appropriate paperwork with the IRS. This designation provides tax-exempt status, allowing the organization to receive donations and operate without paying certain taxes.
Many charitable organizationsunder IRS, educational institutions, and religious groups are designated as 501(c)(3)s, including the American Red Cross, Harvard University, and the United Way.
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Where do the majority of morticians in the United States work today?
A.
self-employed freelancers
B.
churches and religious institutions
C.
nursing homes and retirement communities
D.
funeral homes
The majority of morticians in the United States work in funeral homes. Therefore, option D is the correct answer.
What are funeral homes?
Funeral homes are businesses that provide funeral and burial services to families who have lost a loved one. Morticians, also known as funeral directors or undertakers, work at funeral homes and are responsible for managing and coordinating funeral services, embalming bodies, and providing support and guidance to grieving families.
While some morticians may be self-employed or work for religious institutions or nursing homes, the majority of them work in funeral homes.
It is also important to note that funeral homes may vary in size and scope, so understanding the industry as a whole can help one identify the type of funeral home they would like to work for and the potential for career advancement.
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1. When distribution team members use replenishment reports to retrieve quantities of items to be sent to stores they are:
O A. Mixing
O B. Sending
O C.Packing
O D. Picking
Answer:
D. Picking.................
Distribution team members use replenishment reports to retrieve quantities of items to be sent to stores, this is called as Picking. Hence, Option D is the correct statement.
What is the picking system?Systems for picking orders from warehouses are created to improve picking operations' effectiveness, speed, and accuracy. A few of these systems can be used by businesses to improve order fulfillment processes in their distribution channels.
Hence, Distribution team members use replenishment reports to retrieve quantities of items to be sent to stores, this is called as Picking. Option D is the correct statement.
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If you have a choice to earn simple interest on $10,000 for three years at 8% or annually compounded interest at 7% for three years which one will pay more and by how much approximately?
a. Simple interest by $50.00
b. Compound interest by $22.97
c. Compound interest by $150.75
d. Compound interest by $150.00
e. None of the above.
Answer:
e. non of the above
Explanation:
we first find the simple interest
= p * r * t
= 10000*8%*3
= 2400
the future value
= 2400 + 10000
= 12400
we find the compound interest
= 10000*(1+r)^n
= 10000(1+7%)³
= 10000*1.225043
= 12250.43
we can see that it pays more at 12400 compared to compound interest of 12250.43
the difference = 12400 - 12250.43
= 149.57
therefore the answer is e
Which of the following is NOT one of the four kinds of information that is typically requested from social media users?
A) basic permissions
B) user permissions
C) friends permissions
D) sensitive information requests
E) prominent permissions
Answer:
E- prominent permissions
Explanation:
compare and contrast the relevance of establishing national and international partners as means of supporting education in a school pptx
Title: Establishing National and International Partners to Support Education in Schools
Slide 1:
Introduction
- Welcome to the presentation on the relevance of establishing national and international partners to support education in schools.
Slide 2:
Definition of National Partners
- National partners refer to organizations, institutions, or individuals within the same country as the school.
- These partners collaborate with schools to enhance educational opportunities and resources.
Slide 3:
Benefits of National Partnerships
- Close proximity allows for easier coordination and communication.
- National partners can provide funding, expertise, and resources tailored to local educational needs.
- Collaboration with national partners promotes a sense of community and national identity.
Slide 4:
Examples of National Partners
- Local businesses and corporations can offer financial support, mentorship programs, or internship opportunities for students.
- Non-profit organizations can provide after-school programs, educational materials, or specialized training for teachers.
Slide 5:
Definition of International Partners
- International partners are organizations, institutions, or individuals from different countries collaborating with schools.
- These partnerships enable cross-cultural exchanges and global learning experiences.
Slide 6:
Benefits of International Partnerships
- Exposure to diverse perspectives and cultures fosters global awareness and understanding.
- International partners can offer access to innovative teaching methods, best practices, and research findings.
- Collaboration with international partners enhances the school's reputation and expands educational horizons.
Slide 7:
Examples of International Partners
- Sister school programs facilitate cultural exchanges and joint projects between schools from different countries.
- International organizations, such as UNESCO or UNICEF, can provide funding, training, and resources for educational development.
Slide 8:
Comparison: National vs. International Partnerships
- National partnerships focus on addressing local educational needs and fostering a sense of national identity.
- International partnerships emphasize global awareness, cross-cultural exchanges, and access to international resources.
Slide 9:
Contrast: National vs. International Partnerships
- National partnerships benefit from close proximity, easier coordination, and tailored resources.
- International partnerships offer exposure to diverse perspectives, global learning experiences, and access to innovative practices.
Slide 10:
Conclusion
- Establishing both national and international partnerships is crucial for supporting education in schools.
- National partners contribute to local needs, while international partners offer global perspectives and resources.
- By collaborating with partners, schools can enhance the quality of education and provide students with diverse learning opportunities.
Slide 11:
Thank you!
- Any questions or discussions are welcomed.
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In 2020, Cullumber Company reported net income of $585000. It declared and paid preferred stock dividends of $111000 and common stock dividends of $54000. During 2020, Cullumber had a weighted average of 300000 common shares outstanding. Compute Cullumber's 2020 earnings per share.
Answer: $1.58
Explanation:
Earnings per share is the amount of a company's earnings that is available to the common shareholders.
Formula is;
Earnings per share = (Net Income - Preferred dividends) / Weighted average common share outstanding
= (585,000 - 111,000) / 300,000
= $1.58
In response to Iraq’s invasion of Kuwait in 1990, the United States and its allies-imposed trade and financial sanctions on Iraq. Imports of Iraqi oil were terminated as were exports of machinery, parts, and the like, to Iraq. Bank loans to Iraq and business investment in Iraq were also curtailed. Illustrate the effects of the economic sanctions on Iraq’s production possibilities curve for textiles and oil. Under what conditions would the sanctions have been most likely to cause Iraq to withdraw from Kuwait?
The economic sanctions imposed on Iraq in response to its invasion of Kuwait in 1990 had significant effects on Iraq's production possibilities curve for textiles and oil.
The production possibilities curve (PPC) represents the maximum combination of goods or services an economy can produce given its resources and technology.
How did it effect?Textiles:
The sanctions would have negatively impacted Iraq's textile industry. The termination of imports of machinery, parts, and related goods would have limited Iraq's ability to upgrade and modernize its textile manufacturing capabilities. This could lead to a decline in textile production, as outdated machinery and technology would hinder efficiency and quality.Oil:
Iraq heavily relies on oil exports for revenue, and the sanctions had a severe impact on its oil industry. The termination of oil exports severely limited Iraq's ability to generate income and access foreign markets. The lack of investment and technology due to curtailed business activities would have hindered oil exploration, extraction, and production. As a result, Iraq's oil production would have likely decreased significantly.The combined effects of the sanctions on both textiles and oil would have shifted Iraq's production possibilities curve inward.
The reduced access to machinery, technology, and investments would have limited Iraq's productive capacity in both sectors, leading to a decline in overall output.
Regarding the conditions that would have caused Iraq to withdraw from Kuwait, the economic sanctions alone might not have been sufficient. The United States and its allies also launched a military intervention known as the Gulf War in 1991 to compel Iraq to withdraw from Kuwait. The military pressure, combined with the economic sanctions, created a situation where Iraq faced increasing international isolation, military confrontation, and severe economic strain.Ultimately, the withdrawal of Iraq from Kuwait was influenced by a combination of military and economic factors, along with international diplomatic efforts.
The military intervention played a crucial role in achieving the desired outcome, while the economic sanctions contributed to weakening Iraq's economic and military capabilities.
Which of the following could be identified as a simile? (2 points)
The light shone brightly through the window at dawn.
I ran to my classroom as fast a cheetah on the hunt.
The young boy shivered with fear when the lights went out.
He is one of the greatest and most prolific writers in history.
Answer:
He is one of the greatest and most prolific writers in history.
By attending to the aesthetic appeal of Internet ___________, we can target niche groups that are often elusive, when it comes to Internet marketing. Choose one • 5 points subcultures mobile data connection speed broadband
Answer:
subcultures
Explanation:
Internet subculture is a new way of living that was enabled and enhanced because of access to the internet. Sometimes, they are specific to certain groups of people. Prior to the advent of the internet these subcultures were in little or no use. Examples are the advent of memes and hashtags.
Trending topics on most social media platforms incorporate the use of hashtags which were not in use before now. To be successful in internet marketing, it is necessary to have a good mastery of internet subcultures.
instance, think about the jobs listed below. While those in positions like these get to work
in and around show business, the functions they perform are based right in the clusters we
considered today: Business Management, Finance, Marketing and Sales. See if you can
search online to find what is involved with these three specific jobs. Can you find an example
of someone who holds this position? What do the do? How might their job allow them to
feel like a part of Hollywood?
Senior Vice President of Theatre Operations
Media Production Accountant
Social Media Director, Film Marketing Agency description of each of the three careers that you researched, including what tasks the
job requires and why the job is so important
2. A breakdown of the education requirements for each career, including subjects that might
be beneficial in preparing for each career
3. The projected annual salary for someone in each career and the job outlook according to
the Bureau of Labor
4. A summary of why you think this job is a good choice for someone who is interested it
"show business*
Each of these careers can be a good choice for someone interested in "show business" as they offer opportunities to work closely within the entertainment industry and contribute to its success. They provide a chance to be involved in the operations, financial management, marketing, and promotion of films and theaters.
Senior Vice President of Theatre Operations:
This role involves overseeing the operations and management of theaters within a company. Responsibilities may include developing and implementing operational strategies, managing budgets and financial performance, coordinating with production teams, ensuring smooth theater operations, and enhancing the overall customer experience. An example of someone who holds this position is Mark Manuel, Senior Vice President of Theatre Operations at AMC Theatres.
Media Production Accountant:
A media production accountant is responsible for managing the financial aspects of film and television production. They handle budgeting, cost tracking, payroll, financial reporting, and ensuring compliance with industry regulations. Their role is crucial in managing the financial resources of a production, tracking expenses, and providing accurate financial information for decision-making. Relevant education in accounting or finance is essential for this career, and knowledge of the entertainment industry can be beneficial.
Social Media Director, Film Marketing Agency:
As a social media director in a film marketing agency, the role involves developing and implementing social media strategies to promote films. They oversee social media campaigns, manage content creation, engage with audiences, analyze performance metrics, and work closely with marketing teams. Their job is important in building an online presence, creating buzz, and engaging fans within the film industry. A background in marketing, communication, or digital media is typically desired for this role.
Each of these careers can be a good choice for someone interested in "show business" as they offer opportunities to work closely within the entertainment industry and contribute to its success. They provide a chance to be involved in the operations, financial management, marketing, and promotion of films and theaters. These roles allow individuals to work behind the scenes, making critical decisions and supporting the overall success of productions. Additionally, being part of the entertainment industry can be exciting and fulfilling for those passionate about the world of show business.
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Please post about a time when your attitude made a positive difference.
Developing a positive mindset at work can help you achieve success. It has happened for me several times in my career.
One of the instances I'd like to tell is when I was vying for the position of manager in my workplace as an employee.
In a telecom company, I managed the sales department. I had been working there for 7 years with no success; three of the employees put in less time than I did yet managed to get the top position. I was demotivated by the thought that perhaps there is something I am not doing correctly when I repeatedly lost the post to them. Even though my sales figures were strong, luck evaded me in some way.
Since there had been no advancement, it had been ten years. Nonetheless, I never wavered from my commitment to keep trying. I consistently adhered to the fundamentals and worked to become a better seller. My sales started to rise considerably.
Ultimately, the figures were significant enough to turn the proper heads. Finally, I received a promotion, but guess what? It was to the position of Area Retail Head, which is much more important than Manager. While it took ten years, I am still happy with my accomplishments. It's still as delicious as it was before.
Therefore, being positive in all those years, not looking back or getting discouraged paid dividends and made a huge difference in my life.
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• 25,000 shares of preferred stock, cumulative, 5%, $40 par was issued for $60/share. • The annual cash dividend was declared and paid to the above preferred stock. • The company purchased 12,000 shares of common stock at $68 per share to be held as Treasury stock. • Interest of $32,000 was paid to bondholders. • Bonds Payable with a par value of $400,000 were retired at $432,000. Compute the net cash flow from financing activities (parentheses indicate an outflow).
Answer:
$202,000
Explanation:
Computation of Net Cash Generated From Financing Activities
Cash generated from the preferred stock (25,000 * $60) $1500,000
Less: Preferred stock Dividend (25000 * $40 par * 5%) ($50,000)
Less: Treasury stock (12,000 shares * $68 per share) ($816,000)
Less: Interest Payments ($32,000)
Less: Bond Redemption (Interest Exclusive) ($400,000)
Net Cash Generated From Financing Activities $202,000
You are a loan officer for National Bank. You have a loan application submitted by a company for $50,000. This company just got a prior
loan for $45,000 and has not made the first payment. This gives you an uneasy feeling as you examine a loan application from ABC, Co.
The application included the following financial statements.
ABC, Co.
Income
Statement
For the Year Ended December 31, 2018
Sales revenue
Cost of goods sold
Depreciation expense
Remaining expenses
Net income
$100,000
(50,000)
(5,000)
(25.000)
$20,000
ABC, Co.
Balance Sheet
December 31, 2018
Cash
Accounts receivable
Inventory
Depreciable asset
Accumulated depreciation
$5,000
25,000
20,000
$55,000
(5,000)
Total $100,000
(SECOND HALF OF THE QUESTION IS IN THE PHOTO
Answer:
5000
Explanation:
I think thats right
I have one problem in solving this accounts question. Please help me to find this answer
Based on the information, the Account to be debited and Account to be credited so given below.
How to explain the information(a) Bought office machinery on credit from D Isaacs Ltd.
Account to be debited - Office Machinery
Account to be credited - Accounts Payable (D Isaacs Ltd)
(b) The proprietor paid a creditor, C Jones, from his private funds.
Account to be debited - Accounts Payable (C Jones)
Account to be credited - Owner's Equity (Private Funds)
(c) A debtor, N Fox, paid us in cash.
Account to be debited - Cash
Accounts Receivable (N Fox)
(d) Repaid part of loan from P Exeter by cheque.
Account to be debited - Loans Payable (P Exeter)
Cash
(e) Returned some office machinery to D Isaacs Ltd.
Account to be debited - Accounts Payable (D Isaacs Ltd)
Office Machinery
(f) A debtor, N Lyn, pays us by cheque.
Account to be debited - Cash
Accounts Receivable (N Lyn)
(g) Bought van by cash.
Account to be debited - Van
Cash
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