Which of the following best describes the concept of the time value of money?
- Personal opportunity costs such as time lost on an activity.
- Financial decisions that require borrowing funds from a financial institution.
- Changes in interest rates due to changes in the supply and demand for money in our economy.
- Increases in an amount of money as a result of interest earned.
- Changing demographic trends in our society
Increases in an amount of money as a result of interest earned
Answers
The following best describes the concept of the time value of money : Increases in an amount of money as a result of interest earned.
The value of money is its purchasing power, i.e., the amount of goods and offerings it can purchase. What cash can purchase relies upon on the level of costs. while the fee level rises, a unit of cash can purchase less goods than before. cash is then stated to have depreciated.
The time value of money is a center principle of finance. A sum of money inside the hand has extra price than the same sum to be paid within the future. The time fee of money is also referred to as the existing discounted value.
The time cost of cash also can be used to make choices approximately retirement planning, mortgage bills, and insurance. The time price of money is important in retirement planning because it can help making a decision how tons cash to keep now a good way to have the equal amount of cash while you retire.
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Related Questions
The demand for cooldrink is price elastic if
Answers
Answer:
see below
Explanation:
Elastic demand describes a scenario where a small change in price results in a significant difference in the quantity demanded. The term 'elastic ' suggests a moving or a stretching demand. Goods that have many substitutes have an elastic demand.
A product or service will have an elastic demand when a small price change greatly affects consumption. Customers will still seek alternative cheaper options if the price increases, which causes demand to drop significantly. The demand for cooldrink is price elastic if a small change in price results in demand changing considerably.
Many U S citizen are stimulated by change and thrive on new opportunities. Theses citizens probably have a high level of acceptance for which dimension of cultural differences
Answers
The dimension of cultural difference that the U.S. citizens, who are stimulated by change and thrive on new opportunities, probably have a high level of acceptance for is the dimension of uncertainty avoidance.
Uncertainty avoidance is the level of an individual's resistance or tolerance to ambiguity or anxiety-provoking situations in new or uncertain conditions.
In certain nations, the capacity to deal with ambiguity is a key personality attribute. On the other hand, in certain cultures, the capacity to withstand ambiguity is not considered essential.
Hence, the U.S. citizens, who are stimulated by change and thrive on new opportunities, probably have a high level of acceptance for the dimension of cultural differences.
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Why u think the porcentage of tax filers has most dramatically increased for the 65+ age group?
Answers
Answer:
The more people that retire, the more it increased.
Explanation:
Typically when people retire, they get their taxes filed. The percentage of the 65+ age group who have their taxes filed increases the more people who retire, then typically use tax filers.
Answer: The percentage of tax filers has most dramatically increased for the 65+ age group because
more people in the 65+ community are retiring and so, they are getting their taxes filed.
Good luck!
Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank statement shows a $20,361 balance in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 1,850 Outstanding checks 945 Additionally, a $37 check written and recorded by the company was incorrectly recorded by the bank as a $73 deduction. The adjusted cash balance per the bank records should be:
Answers
Answer:
Bank Statement Balance = $20361
Deposit In Transit. = $1850
Outstanding Checks. = $945
Additional Check. = $73-$36
Adjusted Cash Balance. = $23193
refer to scenario 17-1 . if the restaurant is unable to use tying, what is the profit-maximizing price to charge for a steak? a. $20 b. $12 c. $16 d. $8
Answers
$20 is the steak pricing that will maximize profit if the establishment is unable to employ tying.
Why is a steak so price?Due to quality and availability, better cuts of steak are more expensive than cheaper steaks. Rarely do cows provide the prime cuts of beef. Only around 10% of cows' meat is made up of the greatest beef cuts, such as porterhouse, filet, and tenderloin.
How do you place a steak order?The three most common responses are rare (the outside is cooked but the inside is still somewhat raw), medium (the outside is cooked more thoroughly and the inner is cooked but the inside is still slightly red), and well done (outside is charred and the inside is completely cooked through).
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Human Resources and many other departments at Walmart will use the following as a form of business communication
Answers
Human Resources as well as many other departments at Walmart usually use Accounting as a form of business communication.
Human resources can be regarded as division of a business which carry out some functions such as;
finding and screening of employees. recruitment of employees.training job applicants.administering employee-benefit programs.This department overseas the employees affairs as well as their behavior.
Therefore, they use accounting as means of communication.
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Luis is setting up a new business and exploring ownership options with the least amount of restrictions. What question might Luis ask himself that addresses this issue as he explores to ownership options for his new business?
Group of answer choices
How much money do I need to start my business?
Do I have the expertise needed to run my business myself?
Am I willing to share profits with other people?
Can I avoid complicated government regulations and business reporting?
Caleb has always been interested in becoming an entrepreneur, but he knows how risky it can be. What type of entrepreneur could Caleb become that might be less risky and allow him to use another already established business’s name and resources in return for a fee such as Chick-fil-A or Jamba Juice?
Group of answer choices
franchisee
marketer
sole entrepreneur
an entrepreneurial leader
Izzy is currently busy catching up on various administrative paperwork such as quoting, invoicing, and accounting. What will staying on top of this type of paperwork help her business establish?
Group of answer choices
lower profits
good records
popularity with consumers
bonus points with the IRS
Answers
second answer: franchisee
third answer: good records
The question might Luis ask himself that addresses this issue as he explores to ownership options for his new business is Am I willing to share profits with other people. Option C is an appropriate response.
What are different ownership options in business?The different types of ownership options in business are
Sole proprietorship- As a sole proprietor, you own the company and are personally liable for any debts or other obligations.Partnership- The business is owned by partners and has joint and several liability.Corporations - Corporations, like publicly traded corporations, can have a single shareholder or millions.Cooperative- Charitable trusts are trusts, whereas foundations can be either corporations or trusts. Trusts are legal entities that are formed by an attorney and registered with a court.The type of entrepreneur could Caleb become that might be less risky and allow him to use another already established business’s name and resources in return for a fee such as Chick-fil-A or Jamba Juice is franchisee.
Hence, Option A is an appropriate response.
Good records is a type of paperwork that will help her business establish.
Hence , Option B is an appropriate response.
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How do banks interpret an individual's high debt-to-income ratio? (1 point)
The individual would have to pay a large proportion of annual O income toward paying off the debt but is among the low-risk borrowers.
The individual would have to pay a large proportion of annual O income for servicing the debt and is among the high-risk borrowers.
The individual would have to pay a small proportion of annual O income for the amount of debt he or she has and is among the low-risk borrowers.
The individual has a large amount of debt for the amount of savings he or she has but is among the low-risk borrowers.
Answers
Answer: (B): The individual would have to pay a large proportion of annual income for servicing the debt and is among the high-risk borrowers.
Explanation: trust,
I just took the test
Banks view an individual with a high debt-to-income ratio as a high-risk borrower because they must dedicate a large proportion of their income towards paying off debts, which may hinder their ability to manage their finances if their income decreases or unexpected expenses arise.
Explanation:In finance and banking, a high debt-to-income ratio (DTI) often suggests a higher level of risk for lenders. This is because an individual with a high DTI must dedicate a large proportion of their annual income toward servicing the debt, leaving less disposable income for other expenses. In a situation where this individual's income decreases or unexpected expenses occur, they may struggle to keep up with their debt repayments. Therefore, banks often interpret a high DTI as indicative of a high-risk borrower.
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Opportunity cost is _____.
the cost of business itself
the cost of travel, entertainment and other activities that provide an opportunity for recreation
the cost of an alternative product or service that cannot be acquired because the available funds were used for another purpose
none of the above
Answers
Opportunity cost is the cost of an alternative product or service that cannot be acquired. Opportunity cost is frequently referred to as the second-best option.
The loss of gain that would have been realised if a different option had been chosen is sometimes product referred to as the alternative cost. The loss of benefit as a result of a change in choice is another way to explain it. The value of the next-highest-valued alternative use of a resource is what economists mean when they talk about its "opportunity cost." You cannot, for instance, read a book at home during the time you would have spent seeing a movie and spend the money you would have spent on something else.
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What effect do challenging team goals have on social loafing?
A) Challenging team goals causes incidences of social loafing to waver.
B) Challenging team goals have no effect on the incidence of social loafing.
C) Challenging team goals greatly increase the incidence of social loafing.
D) Challenging team goals greatly reduce the incidence of social loafing.
Answers
The impact the difficult group objectives have in friendly loafing is Testing group objectives significantly diminish the frequency of social loafing.
In this manner, choice (D) is precise.
Testing group objectives have been displayed to emphatically affect diminishing social loafing. Social loafing alludes to the propensity of people to apply less exertion while working in a gathering contrasted with while working separately.
At the point when colleagues are confronted with testing objectives, it makes a feeling of direction and inspiration inside the group. People are bound to feel responsible for their commitments and are less disposed to participate in friendly loafing conduct.
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How can the acquisition of Heardle help Spotify?
Does the decision adjust the time value of money and risk appropriately?
How would Spotify value Heardle for an acquisition? Does the decision provide information on whether it creates value for the firm?
How will listening to the full song after playing Heardle help Spotify?
In your opinion, is the acquisition a good decision? Why or Why not?
Answers
Yes, the choice properly adjusts the temporal value of money and risk.
A reasonable acquisition cost for Spotify from Heardle would be $9 billion.
The decision does indeed reveal whether it adds value to the company.
After playing Heardle, Spotify benefits from listening to the entire song.
It was wise to make the purchase. One of the biggest software firms in the world, Microsoft has a lot of resources at its disposal to offer technological web solutions.
When making purchases and signing contracts for sums under $10,000, state agencies are permitted to use the fair and reasonable acquisition method. The F&R acquisition method does not demand an NCB.
It is necessary to examine the pricing and establish whether it is fair and reasonable when using this reasonable acquisition method. To do this, choose one of the methods listed in the section below on how to determine fair and reasonable acquisition. Buyers must base their comparisons on identical circumstances or those with minute variances that have no bearing on pricing when determining fair and acceptable pricing using price comparisons, catalog/market prices, and/or historical pricing.
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Yes, the choice properly adjusts the temporal value of money and risk.
A reasonable acquisition cost for Spotify from Heardle would be $9 billion.
The decision does indeed reveal whether it adds value to the company.
After playing Heardle, Spotify benefits from listening to the entire song.
It was wise to make the purchase. One of the biggest software firms in the world, Microsoft has a lot of resources at its disposal to offer technological web solutions.
When making purchases and signing contracts for sums under $10,000, state agencies are permitted to use the fair and reasonable acquisition method. The F&R acquisition method does not demand an NCB.
It is necessary to examine the pricing and establish whether it is fair and reasonable when using this reasonable acquisition method. To do this, choose one of the methods listed in the section below on how to determine fair and reasonable acquisition. Buyers must base their comparisons on identical circumstances or those with minute variances that have no bearing on pricing when determining fair and acceptable pricing using price comparisons, catalog/market prices, and/or historical pricing.
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Which of the following is a determinant of supply? (1 point)
A. the price of a substitute in consumption
B. consumer expectations
C. the price of a substitute in production
D. the price of a complement in consumption
Answers
Considering the available options, the determinant of supply is: "consumer expectations."
This is because when a producer knows that the consumers are ready to consume now, the producers will supply more of the products.However, if the consumer expectation shows that they are not going to consume now, then the Producer will supply less of their products.This is based on the idea that the higher the consumer is willing to buy, the more profits for suppliers.Hence, in this case, the correct answer is option B. " consumer expectations."
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Answer:
The price of substitute in production
Explanation:
Just took the test
Prepare journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory system and
the gross method.
August 1 Purchased merchandise from Aron Company for $8,000 under credit terms of 1/10, n/30, FOB destination, invoice dated
August 1.
August 5 Sold merchandise to Baird Corporation for $5,600 under credit terms of 2/10, n/60, FOB destination, invoice dated August
5. The merchandise had cost $4,000.
August 8 Purchased merchandise from Waters Corporation for $7,000 under credit terms of 1/10, n/45, FOB shipping point, invoice
dated August 8.
August 9 Paid $190 cash for shipping charges related to the August 5 sale to Baird Corporation.
August 10 Baird returned merchandise from the August 5 sale that had cost Lowe's $500 and was sold for $1,000. The merchandise was
restored to inventory.
August 12 After negotiations with Waters Corporation concerning problems with the purchases on August 8, Lowe's received a price
reduction from Waters of $700 off the $7,000 of goods purchased. Lowe's debited accounts payable for $700.
August 14
At Aron's request, Lowe's paid $160 cash for freight charges on the August 1 purchase, reducing the amount owed (accounts
payable) to Aron.
August 15 Received balance due from Baird Corporation for the August 5 sale less the return on August 10.
August 18 Paid the amount due Waters Corporation for the August 8 purchase less the price allowance from August 12.
August 19
Sold merchandise to Tux Company for $4,800 under credit terms of n/10, FOB shipping point, invoice dated August 19. The
merchandise had cost $2,400.
August 22
Tux requested a price reduction on the August 19 sale because the merchandise did not meet specifications. Lowe's gave a
price reduction (allowance) of $800 to Tux and credited Tux's accounts receivable for that amount.
August 29 Received Tux's cash payment for the amount due from the August 19 sale less the price allowance from August 22.
August 30 Paid Aron Company the amount due from the August 1 purchase.
Answers
Based on the given merchandising transactions, a journal entry has been prepared below:
Journal EntriesNo Date General Journal Debit Credit
1 Aug 01 Merchandise inventory $6,000
Accounts payable-Aron $6,000
2 Aug 05 Accounts receivable-Baird $4,200
Sales $4,200
3 Aug 05 Cost of goods sold $3,000
Merchandise inventory $3,000
4 Aug 08 Merchandise inventory $5,000
Accounts payable-Waters $5,000
5 Aug 09 Delivery expense $200
Cash $200
6 Aug 10 Sales return and allowances $1,000
Accounts receivable-Baird $1,000
7 Aug 10 Merchandise inventory $500
Cost of goods sold $500
8 Aug 12 Accounts payable-Waters $500
Merchandise inventory $500
9 Aug 14 Accounts payable-Aron $190
Cash $190
10 Aug 15 Cash ($3,200 - $3,136) $3,136
Sales discounts ($3,200 x 2%) $64
Accounts receivable-Baird ($4,200 - $1,000) $3,200
11 Aug 18 Accounts payable-Waters ($5,000 - $500) $4,500
Merchandise inventory ($4,500 x 1%) $45
Cash ($4,500 - $4,455) $4,455
12 Aug 19 Accounts receivable-Tux $3,600
Sales $3,600
13 Aug 19 Cost of goods sold $1,800
Merchandise inventory $1,800
14 Aug 22 Sales return and allowances $600
Accounts receivable-Tux $600
15 Aug 29 Cash ($3,600 - $600) $3,000
Accounts receivable-Tux $3,000
16 Aug 30 Accounts payable-Aron ($6,000 - $190) $5,810
Cash $5,810
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QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers
Answers
Marketers need to focus on creating value for their customers. The Option D.
Why is creating value for customers crucial for marketers?Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.
By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.
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Shipments of product X from a plant to a wholesaler are made in lots of 600 units. The wholesaler's average demand for product X is 150 units per week. Lead time from plant to wholesaler is 4 weeks. The wholesaler pays for the shipments when they leave the plant. What is the total of the wholesaler's cycle inventory and pipeline inventory?
Answers
Answer:
The total of the wholesaler's cycle inventory and pipeline inventory is 900 units.
Explanation:
In order to calculate the total of the wholesaler's cycle inventory and pipeline inventory we would have to make the following calculations:
Cycle inventory=lot size/2 = 600 / 2
Cycle inventory= 300 units
Pipeline inventory=leadtime*average demand=4*150
Pipeline inventory=600 units.
Therefore, Total Cycle + Pipeline inventory = 300 + 600
Total Cycle + Pipeline inventory =900 units
The total of the wholesaler's cycle inventory and pipeline inventory is 900 units.
The Sarbanes-Oxley Act was passed in an effort to:_________
a. control corrupt corporate financial behavior.
b. protect small business from large corporations dominating the market.
c. ensure that partnerships divide profits among partners in a fair manner
d. guarantee that outside auditors can control corporate accounting practices.
e. a and b above.
Answers
Answer:
A)control corporate behavior
Explanation:
Sarbanes-Oxley Act which came up in 2002, can be regarded as Public Company Accounting Reform and Investor Protection Act, is a reform act for public companies and investor protector. Sarbanes-Oxley Act was popped up in U S in order to to get the auditing of public companies fixed. It should be noted that the Sarbanes-Oxley Act was passed in an effort to control corrupt corporate financial behavior.
Zisk Co. purchases raw materials on account Budgeted purchase amounts are April, $80,000, May, $110,000, and June, $120,000. Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase. The March 31 balance of accounts payable is $22,000. Prepare a schedule of budgeted cash payments for April, May, and June. (I need ending accounts payable)
Answers
Answer:
A schedule of cash payments for April, May, and June is prepared.
Explanation:
The following image shows the calculation and explanation of the cash payment schedule.
Item 13Item 13 A company uses a process costing system. Its Assembly Department's beginning inventory consisted of 30,000 units, 75% complete with respect to direct labor and overhead. The department completed and transferred out 127,500 units this period. The ending inventory consists of 20,000 units that are 25% complete with respect to direct labor and overhead. All direct materials are added at the beginning of the process. The department incurred direct labor costs of $24,000 and overhead costs of $32,000 for the period. Assuming the weighted average method, the direct labor cost per equivalent unit (rounded to the nearest cent) is:
Answers
Answer:
$0.25
Explanation:
Note: The direct labor beginning inventory costs were $9,000 was missing
Equivalent unit for direct labor cost
Unit transferred 127,500 100% 127,500
Ending WIP Inventory 20,000 25% 5,000
Total 147,500 132,500
Total Cost
Cost in WIP Beginning 9,000
Cost added during period 24,000
Total cost 33,000
Cost per equivalent unit = Total Cost / Equivalent unit for direct labor cost
Cost per equivalent unit = 33,000 / 132,500
Cost per equivalent unit = $0.25
(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?
Answers
Willie's guest count percentage variance is 9.82%.
How to calculate guest count percentageTo calculate the guest count percentage variance
Use the following formula:
Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%
Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%
Guest count percentage variance = (7,477 / 76,079) x 100%
Guest count percentage variance = 0.0982 x 100%
Guest count percentage variance = 9.82%
Therefore, Willie's guest count percentage variance is 9.82%.
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Why did tech giants like SAP, Oracle, Microsoft, and IBM miss the opportunity to produce a SaaS CRM like Salesforce.com? What might keep large tech companies from identifying potential opportunities like Salesforce.com?
How do I answer this?
Answers
I believe it's best to stick with big tech firms like Salesforce.com for seeing possible business prospects because its software is getting simpler and easier to use all the time. 6.18.
Why is Salesforce so popular?Salesforce is particularly well-known for its capabilities in the areas of marketing campaign development and tracking, customer issue tracking based on escalation and resolution levels, graphic dashboards, and robust reporting functions.
How significant is Salesforce?Salesforce assists companies in tracking client contacts and sales information. It has the ability to manage leads, contacts, chances, and cases. Salesforce also provides a number of tools to assist companies in automating their sales and marketing procedures, including email marketing, lead generation, and lead scoring.
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Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $19.00 per direct labor-hour and $15.00 per direct labor-hour, respectively. The company’s direct labor wage rate is $21.00 per hour. The following information pertains to Job N-60: Assembly Testing & Packaging Direct materials $ 375 $ 39 Direct labor $ 168 $ 84 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job?
Answers
The total manufacturing cost assigned to Job N-60 is $ 696. If Job N-60 consists of 10 units, the unit product cost for this job is $111.00.
How to find the manufacturing costs ?Direct materials (Assembly + Testing & Packaging) = $375 + $39
= $414
Direct labor (Assembly + Testing & Packaging) = $168 + $84
= $252
Overhead applied (Assembly + Testing & Packaging) = $19 * 168 + $15 * 84 = $316 + $126
= $442
Total manufacturing cost = $414 + $252 + $442
= $1110
Unit product cost = Total manufacturing cost / Number of units
= $1110 / 10
= $111.00
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What happens when the money supply is changed?
Answers
Increased money supply often results in lower interest rates, which encourages more investment and more money in consumers' hands, which in turn increases consumption.
As a result, businesses increase their orders for raw materials and increase output. Employment requirements rise along with economic activity. If the amount of money in circulation falls or if the rate of increase slows, the opposite may occur. Changes in the money supply have long been thought to have a significant impact on macroeconomic performance and business cycles.
The role of the money supply is heavily emphasized in three macroeconomic schools of thought: monetarism, Austrian Business Cycle Theory, and Irving Fisher's Quantity Theory of Money.
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On an average hourly basis, how much does Butcher Enterprises spend on wages and benefits, respectively, in dollars?
Answers
Answer:
i think his/her manager will decide that
Explanation:
Answer:
I'm sorry I just need points so I don't have to watch adds
how the equilibrium price and quantity change when a change in demand occurs and the supply stays constant, and when a change in supply occurs and the demand stays constant.
Answers
Answer:
because demand is not increaing constant supply is increasing that you ate a bit your amount of food is increasing supply of food chain is not increaing in the same hate also.now understand yourself
A company's inventory records indicate the following data for the month of January: Jan. 1 Beginning 180 units at $9 each Jan. 5 Purchased 170 units at $10 each Jan. 9 Sold 300 units at $35 each Jan. 14 Purchased 200 units at $11 each Jan. 20 Sold 150 units at $35 each Jan. 30 Purchased 230 units at $12 each What is the amount of cost of goods sold for January, if the company uses the LIFO, FIFO and weighted average perpetual inventory system?
Answers
Answer:
The amount of cost of goods sold for January:
LIFO FIFO Weighted Average
Cost of goods sold $4,520 $4,420 $4,452
Explanation:
a) Data and Calculations:
Date Description Units Unit Cost/Price Total Cost Total Revenue
Jan. 1 Beginning 180 units at $9 each $1,620
Jan. 5 Purchased 170 units at $10 each 1,700
Jan. 9 Sold (300) units at $35 each $10,500
Jan. 14 Purchased 200 units at $11 each 2,200
Jan. 20 Sold (150) units at $35 each 5,250
Jan. 30 Purchased 230 units at $12 each 2,760
Total 780 / 450 $8,280 $15,750
b) Cost of goods sold:
LIFO:
Jan. 9 Sold (300) 170 units at $10 = $1,700
130 units at $9 = 1,170
Jan. 20 Sold (150) 150 units at $11 = 1,650
Cost of goods sold = $4,520
c) FIFO:
Jan. 9 Sold (300) 180 units at $9 = $1,620
120 units at $10 = 1,200
Jan. 20 Sold (150) 50 units at $10 = 500
100 units at $11 = 1,100
Cost of goods sold = $4,420
d) Weighted-Average:
Jan. 9 Sold (300) 300 units at $9.49 = $2,847
Jan. 20 Sold (150) 150 units at $10.70 = 1,605
Cost of goods sold = $4,452
Weighted Average Cost at each point of sale:
$9.49 = ($1,620 + $1,700)/350 units
$10.70 = (($9.49*50) + $2,200)/250 units
e) LIFO = Last In, First Out is based on the assumption that the items sold are from the last inventory purchased instead of the first.
FIFO = First In, First Out is based on the assumption that the items sold are from the first inventory instead of the last.
Weighted-Average: This method averages the cost of inventory to determine the unit cost.
Under the perpetual inventory system, the inventory costs are recorded immediately after an inventory transaction and not at the end of a period.
what means liability
Answers
Answer:
the amount of money that a person or company owes
which of the following items would be correct adjustments to net income to arrive at cash flows from operating activities, using the indirect method? (correct all that apply.)
Answers
The correct adjustments to net income to arrive at cash flows from operating activities using the indirect method are to add an increase in accounts payable and subtract an increase in inventory.
What is net income?After taxes and other withholdings have been taken out of your paycheck, net income is the amount that is still in your account.Net income is the amount of money left over after operating costs, administrative fees, cost of goods sold, taxes, insurance and all other business expenses have been paid.Why do we calculate net income?A company's net income is its profit following the deduction of all costs from sales. Net income is a comprehensive indicator of profitability that sheds light on how effectively the management team is managing every facet of the company.The correct adjustments to net income to arrive at cash flows from operating activities using the indirect method are to add an increase in accounts payable and subtract an increase in inventory.
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what is a advantage of a retail store holding change float in a store
Answers
A change float is a set amount of money that a retail store keeps on hand to use as change for customer purchases. Firstly, having a change float ensures that customers can always receive the correct amount of change for their purchases.
Without a change float, cashiers would need to rely on the exact change given by customers or constantly ask for additional change from other employees or the cash register. This can slow down the checkout process and lead to frustrated customers.Secondly, holding a change float helps to prevent theft.
If cashiers don't have access to a change float, they may be tempted to take money from the cash register to use as change. This can lead to discrepancies in the cash register and make it difficult to track down the source of any missing money. A change float provides a clear and separate source of change that can be tracked and accounted for.Thirdly, a change float can help to speed up the checkout process.
Cashiers don't need to spend time searching for change or counting out coins, which can help to reduce long lines and improve customer satisfaction. In summary, a change float is an important tool for any retail store that wants to provide excellent customer service, prevent theft, and improve efficiency.
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Tony’s favorite memories of his childhood were the times he spent with his dad at camp. Tony was daydreaming of those days a bit as he and Suzie jogged along a nature trail and came across a wonderful piece of property for sale. He turned to Suzie and said, “I’ve always wanted to start a camp where families could get away and spend some quality time together. If we just had the money, I know this would be the perfect place.” On November 1, 2022, Great Adventures purchased the land by issuing a $400,000, 6%, 8-year installment note to the seller. Payments of $5,257 are required at the end of each month over the life of the 8-year loan. Each monthly payment of $5,257 includes both interest expense and principal payments (i.e., reduction of the loan amount). Late that night Tony exclaimed, “We now have land for our new camp; this has to be the best news ever!” Suzie said, “There’s something else I need to tell you. I’m expecting!” They decided right then, if it was a boy, they would name him Venture.
Required: 1. Complete the first three rows of an amortization schedule.
Required 2&3. Record the purchase of land with the issuance of a long-term note payable on November 1, 2022, and the first two payments on November 30, 2022, and December 31, 2022, and calculate the remaining balance of the note payable as of December 31, 2022. (If no entry is required for a particular transaction, select "No Journal Entry Required" in the first account field.) then record the balance
Required 4. The 12 monthly payments in 2023 (following year) will reduce the note's balance by an additional $40574. How would the remaining balance of the note payable be reported in the balance sheet as of December 31, 2022?
Answers
1. The completion of the first three rows of a monthly amortization schedule is as follows:
Monthly Amortization Schedule
Beginning Interest Principal Ending
Balance Payment Repayment Balance
1 $400,000.00 $2,000.00 $3,257.00 $396,743
2 $396,743.00 $1,984.00 $3,273.00 $393,470
3 $393,470.00 $1,967.00 $3,290.00 $390,180
2&3. Journal Entries:
November 1, 2022:
Debit Land $400,000
Credit Note Payable $400,000
To record the issuance of the note payable for the purchase of the land.
November 30, 2022:
Debit Interest Expense $2,000
Debit Note Payable $3,257
Credit Cash $5,257
To record the first interest payment.December 31, 2022:
Debit Interest Expense $1,984
Debit Note Payable $3,273
Credit Cash $5,257
To record the second interest payment.3. The remaining balance of the note payable as of December 31, 2022, is $393,470.
4. In the balance sheet as of December 31, 2022, the remaining balance of the note payable ($393,470) will be reported under Current Liabilities of $40,574 and Long-term Liabilities of $352,896.
Data and Calculations:
Note payable = $400,000
Interest rate = 6% per annum
Maturity period = 8 years
Monthly installmental payment (interest and principal inclusive) = $5,257
Bal;ance of the Note Payable
November 1, 2022: Note Payable $400,000
First two repayments in Nov and Dec. 2022 = 6,530 ($3,257 + $3,273)
Balance as of December 21, 2022 393,470
Repayments from Jan. 1 to Dec. 2023 40,574
Balance as of December, 2023 352,896
Learn more: https://brainly.com/question/18359733
A frozen foods company changes an ingredient to meet a new government standard. This is an example of
O following a federal regulation.
O lowering prices for customers.
O reducing the risk for consumers.
o creating a new product.
Answers
O following a federal regulation.
It’s not lowering prices, because there’s no mention of prices in the question, and it wouldn’t be creating a new product if it’s altering a single ingredient. It although it could possibly reduce risk for consumers, the question doesn’t directly say anything about that, so the answer would have to be the top one.