Answer:
1. Market Equilibrium, 2. Interest Rate, 3. Rationing, 4. Supply Shock, 5. Excess Supply, 6. Excess Demand, 7. Price Floor
Explanation:
1. The point at which quantity demanded and quantity supplied are equal: Market Equilibrium
2. The financial and opportunity costs consumers pay in searching for a good or service : Interest Rate
3. A system of allocating scarce goods and services by criteria other than price: Rationing
4. A sudden drop in the supply of a good: Supply (decrease - leftward shift) shock
5. Any situation in which quantity supplied exceeds quantity demanded: Excess Supply
6. Any situation in which quantity demanded exceeds quantity supplied: Excess Demand
7. A government-mandated minimum price that must be paid for a good or service: Price Floor (Minimum Support Price)
Listed below are several transactions that took place during the second and third years of operations for RPG Consulting.
Year 2 Year 3
Amounts billed to customers for services rendered 390,000 490,000
Cash collected from credit customers 300,000 440,000
Cash disbursements:
Payment of rent 84,000 0
Salaries paid to employees for services rendered during the year 144,000 164,000
Travel and entertainment 34,000 44,000
Advertising 17,000 39,000
In addition, you learn that the company incurred advertising costs of $29,000 in year 2, owed the advertising agency $5,400 at the end of year 1, and there were no liabilities at the end of year 3. Also, there were no anticipated bad debts on receivables, and the rent payment was for a two-year period, year 2 and year 3.
Required:
1. Calculate accrual net income for both years.
2. Determine the amount due the advertising agency that would be shown as a liability on RPG’s balance sheet at the end of year 2.
Answer:
1. Year 2 Year 3
Revenues $390,000 $490,000
Expenses
Rent $42,000 $42,000
Salaries $144,000 $164,000
Travel and entertainment $34,000 $44,000
Advertising $29,000 $21,600
Net Income $99,000 $260,400
2. Advertising liability at end of year 2 = $29,000 - ($17,000 - $5,400) = $29,000 - $11,600 = $17,400
Working
Advertising Expenses
Debit Credit
Balance B/d 5400
Bank 17000 Profit and Loss account 29000
Balance c/d 17400
Total 34400 Total 34400
Advertising Expenses
Debit Credit
Balance B/d 17400
Bank 39000 Profit and Loss account 21600
Balance c/d 0
Total 39000 Total 39000
FIRST ANSWER GETS BRAINLIEST!
(If you answer with nonsense, brainliest will go to the other person)
Personal & Family Finance
You have closed an account due to fraudulent activity. What else should you do to BEST protect yourself?
A) Change all of your passwords and PINs.
B) Do not put anything about the closing of the account in writing.
C) Put a permanent credit freeze on your credit report.
Answer:
C
Explanation:
Answer:
A) Change all your passwords and pins
Explanation:
when you do this, you better secure your information to keep unwanted hackers out, if you change your passwords and pins, hackers will need to figure out what the new codes are
the answer is not C) put a perm freeze on your account- becuase though it does stop anyone from using your information to make new accounts, it also stops YOU from making any new accounts as well, a freeze can be a temporary fix -i.e. to buy you more time to secure things and figure out whats going on-, but not perminant
hpe this helps you out, sorry if im a little late on answering
What areas are in a job want ad?
Answer:
all areas
Explanation:
-degree nececary
-any other thing the job requiers
it really varys job to job
Aster Inc. is a multinational company. It has branches in two other countries. However, it converts the transactions of the entire business into US dollars. It also doesn’t record the skill levels and the quality of customer service it provides. Which accounting principle does Aster Inc. comply with?
Aster Inc. complies with the principle of _____.
Answer:
Monetary unit principle
Explanation:
The monetary unit principle refer to a principle in which the business transactions should be recorded in the monetary terms. As non-monetary transactions are not recorded in the accounting. Only that transactions are recorded that are countable
So as per the given case since it converts the business transactions into U.S dollars at the same time it does not record the level of skills and the customer servcie quality
So, this is a monetary unit principle
HURRYYY!! The extent to which critical thinking skills are used is influenced by the learner's motivation to do well.
TRUE or FALSE
Answer:
TRUE
Explanation:
Get out of my swamp!
Answer:
i think true
Explanation:
Megan is already looking ahead to graduation and a job, and she wants to buy a new car not long after her graduation. If after graduation she begins an investment program of $2,300 per year in an investment yielding 6 percent, what will be the value of the fund after three years? (Hint: Use Appendix A.3 (Links to an external site.) or the Garman/Forgue companion website.) Round Future value of Series of Equal Amounts in intermediate calculations to four decimal places. NO cents! DOLLARS ONLY
Answer:
$ 7,322
Explanation:
$2300 per year is an annuity investment. The formula for future annuity value is as below
FV = A × (1 + r)^n - 1 / r
Where A = amount invested periodically
r = interest rate, 6% or 0.06
n = 3 years
Fv = $2300 x{ (1 +0.6)^3 -1} /0.06
Fv = $2300 x (1.191016-1) /0.06
Fv = $2300 x ( 0.191016/0.06)
Fv = $2300 x 3.1836
Fv= $ 7,322.28
Fv= $ 7,322
Some organizations may choose to have job applicants complete an application form created by the firm, instead of just allowing the employee to write his own. Give ONE (1) key reason why
the firm may prefer to have an application form completed.
Answer:
see below
Explanation:
Job applicants complete an application form created by the employer to gather relevant information from potential employees. One reason employers prefer Job application forms is to gather comprehensive and consistent data from all applicants. This facilitates a fair analysis of applicants' backgrounds.
Application letters and resumes may not have uniform data. The employer designs the application form to ensure they get all the data they require from all applicants. Again, resume's do not include important information such as names and contacts of immediate and past supervisors.
You work as the sales manager for a company that sells office supplies to businesses of all sizes.Because the profit margins are razor-thin,you need to ensure that you are getting the very best prices on paper,pencils,pens,Post-It Notes,and other office supplies from the manufacturers.When reviewing the quarterly profit statement,you realize that your costs are higher than they should be,and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices.When you conduct your research to determine the reason for the higher costs,and take action to bring those costs back down,in which of the key management processes are you taking part?A) planningB) organizingC) leadingD) controllingE) mentoring
Answer: D. Controlling
Explanation:
Controlling is one of the most important roles that a manager plays for a company. It involves ensuring that efficient standards are met in the company by checking for errors in processes and taking actions to correct any such errors thereby ensuring that the company keeps running smoothly.
When you therefore conducted research to determine the reason for higher costs and then taking action to correct it, you were engaging your controlling role as a manager.
This type of credit is described as a specific amount of money that typically includes
interest charges. It is repaid in equal monthly payments for a specific number of months.
What type of credit is this?
O Installment
O Revolving
Service
O ALL OF THESE ARE CORRECT
Answer:
Installment
Explanation:
In installment credit, the borrower makes periodic, fixed, and scheduled loan repayments. The loan has a set timeline by which it ought to be fully repaid. The periodic repayments( installments) are mostly monthly. The installment amount is predetermined and includes the principal amount and an interest component.
Every installment payment reduces the loan balance. The borrower continues making payments until the entire loan is repaid. Installment contrasts with revolving loan type. Under the revolving loan, the lender sets a loan limit for the borrower. The borrower can borrow as many times as long as they are below the set limit.
What is the difference between following the law and acting ethically?
A. Following the law is not enforced but acting ethically is.
B. Following the law involves a set of rules; acting ethically involves your conscience.
C. Following the law involves doing what is right; acting ethically involves doing what is wrong.
D. Following the law is an option but acting ethically is not.
Answer:
Following the law involves doing what is right; acting ethically involves doing what is wrong
Explanation:
Q1) The Lahore Metro Bus is crowded for travel during peak hours. During such travel hours two daily passengers ‘Usman’ and ‘Ibrahim’ enter the Metro. Luckily, two adjacent seats are free in the bus. Each of them must decide whether to sit or stand. For both, sitting alone is more comfortable than sitting next to the other person, which in turn is more comfortable than standing. [16 marks]
(Note: for parts (a) & (b) below consider Usman as ‘row player’ and Ibrahim as ‘column player’).
A) Model the situation as a strategic game, assuming both ‘Usman’ and ‘Ibrahim’ care only about their own comfort. Find the Nash equilibrium (equilibria) if it exists. Also, does a dominant strategy exist for either ‘Usman’ or ‘Ibrahim’
B) Now assume that both ‘Usman’ and ‘Ibrahim’ are altruistic, ranking outcomes according to the other person’s comfort and, out of politeness, prefer to stand than to sit if the other person stands. Model the situation as a strategic game and find any Nash equilibrium (equilibria) if it exists. Does a dominant strategy exist for either ‘Usman’ or ‘Ibrahim’ with these preferences?
Answer:
Each of them must decide whether to sit or stand. For both, sitting alone is more comfortable than sitting next to the other person, which in turn is more comfortable than standing is discussed below in details.
Explanation:
A) In the first position, every one of them makes more profit by resting alone than by resting together, and this is favored over standing. So the payoffs are as provided in the beneath image as (a). Here if one stands and the other sits, at that point the person who relaxes gets a bigger payoff of 4, while the other gets - 2 (Since he is standing which is difficult). If the two of them stand, at that point, the payoff is - 2 for each, and on the off chance that the two of them sit they every one of them gets a payoff of 2 (which is not exactly the payoff if the other individual stands given as 4 above). So Usman stands, Ibrahim will decide to sit, bringing about a payoff of (4,- 2). In any case, if Ibrahim sits, Usman will likewise sit since his payoff is higher by choosing to sit (2>-2). So the only Nash equilibrium is given when both choose to sit, e (Sit, Sit) given by lower right corner of the game getting the payoff of (2,2).
an online survey or _____?
Answer:
Study
Explanation:
Why do lenders often require a down payment when credit is used to purchase a good?
Answer:
see below
Explanation:
A down payment is a lump-sum amount paid a borrower raises when purchasing an asset on credit. The down payment or deposit is paid to the lender and reduces the credit to be extended. Usually, the lender will demand a down payment of up to 20% of the asset's value.
The down payment reduces the risk a lender takes in advancing the loan to the borrower. It reduces the loan amount involved. The down payment shows the borrower is financially stable. If they can raise 20 percent of the amount, it gives the lender confidence that the borrower can repay the loan. A down payment shows the borrower is a low-risk customer
Errors in Trial Balance
Identify the errors in the following trial balance. All accounts have normal balances.
Ensemble Co.
Unadjusted Trial Balance
For the Year Ending December 31, 20Y8
Debit Balances Credit Balances
Cash 42,900
Accounts Receivable 123,500
Prepaid Insurance 27,000
Equipment 300,000
Accounts Payable 52,000
Salaries Payable 4,800
Common Stock 40,000
Retained Earnings 137,200
Dividends 5,000
Service Revenue 1,216,000
Salary Expense 660,000
Advertising Expense 275,000
Miscellaneous Expense 16,600
1,801,500 1,801,500
After identifying the errors, prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the box blank.
Answer:
DEBIT SIDE $1,450,000
CREDIT SIDE $1,450,000
Explanation:
Preparation of a corrected unadjusted trial balance.
DEBIT SIDE
Cash $42,900
Accounts Receivable $123,500
Prepaid Insurance $27,000
Equipment $300,000
Dividends $5,000
Salary Expense $660,000
Advertising Expense $275,000
Miscellaneous Expense: $16,600
TOTAL $1,450,000
CREDIT SIDE
Accounts Payable $52,000
Salaries Payable $4,800
Common Stock $40,000
Retained Earnings $137,200
Service Revenue $1,216,000
TOTAL $1,450,000
Therefore the corrected unadjusted trial balance will have a debit and credit balance of $1,450,000
What is productivity? In business?
Answer:
productivity is commonly defined as ratio between the output volume and the volume of input.Explanation:
In other words,it measures how efficiently production inputs,such as labour and capital,are being used in an economy to produce a given level of output.I hope this will help you/helpful for you.Irma has $500 to open a checking account. She wants an account with the lowest fees. She plans to use only her bank’s ATM to deposit her paychecks and withdraw cash.
Which checking account would be best for Irma?
Account A
Account B
Account C
Account D
Answer: the correct answer is A
Explanation:
Answer:
A
Explanation:
Question 22
1 pts
Which of the following is NOT a good reason to buy a stock index fund like the
S&P 500?
0 You want to have an investment that you don't have to monitor as closely as an actively
managed fund
0 You want to have an investment with low fees
O You want to "beat the market" with the return on your investment
O You want to have a diversified portfolio
Previous
Next
Answer:
You want to "beat the market" with the return on your investment
Explanation:
The SP 500 is a good example of diversified portfolio investment. Investing in the index fund is less costly compared to other investment instruments. The SP 500 is considered the benchmark of investment returns in the US. Any attempts to perform better than the SP 500 is termed as trying to "beat the market."
Investors prefer good stock indexes like the SP 500 because they represent diversified investments. They spread risks in many sectors of the economy. Stock indexes have low investment costs and don't need close contact monitoring. Trying to "beat the market" with stock indexes is a daunting task. Any investor who attempts it will end up very frustrated.
Zane Computer Corporation is considering the possibility of building a new manufacturing facility in a foreign country in order to lower labor and production costs. The legal department of Zane has raised some issues regarding the two countries which are the top contenders for the new facility. The legal system of Country A is based on civil law, while the legal system of Country B is based on common law. Other than the legal systems of the two countries, all other aspects are virtually identical. Zane’s legal experts must determine which system would be the most beneficial to Zane in the long-term.Which of the following supports Country A over Country B?a) Contracts are so detailed that they are expensive to draft.b) Intellectual property rights are loosely upheld and enforced.c) Judges confer with legislators on international business issues.d) Contractual con-compliance provisions are broader in scope.
Answer:
d) Contractual non-compliance provisions are broader in scope.
Explanation:
Both common law and civil law were originated in western Europe. Common law comes from medieval England while civil law comes from ancient Roman Empire. Common law is more flexible than civil law, so that allows different interpretations of the law. Since civil law is more rigid, contractual non-compliance provisions must include all possible contingencies and their outcomes.
Change the state of matter is chemical change
True or false
Answer:
true
Explanation:
If Cooper does not need to access this account for 25 years, how much will be in the account then?
Answer:
29,093.01 Dollars
Explanation:
How do I get free Roux
Answer:
Robux?
Explanation:
To get free robux, there is a site called blox.land and you do certain things to earn robux and then you can withdraw them.
What is one thing the government does as it enforces consumer-protection
regulations?
A. collects tariffs from foreign producers
B. tests products such as drugs and automobiles for safety
C. prevents cartels from engaging in price fixing or production
limitation
D. makes sure publicly-traded companies provide stockholders with
financial records
Answer: B: test products such as drugs and automobiles for safety
Explanation: âpex learning
Becky makes $8.75 an hour plus benefits, which are an additional 13.5%.
How much does Becky make per hour including benefits? *
$9.20
$
O $9.95
O $9.93
O $8.88
Answer:
$9.93
Explanation:
Becky makes $8.75, the benefits are 13.5 % of $8.75.
Including benefits, Becky makes
=8.75 + ( 13.5 /100 x $8.75)
=$8.75 (0.135 x $8.75)
=$8.75 + $1. 18125
=$9.93125
=$9.93
On January 1, 2019, Pepin Company adopts a compensatory share option plan for its 50 executives. The plan allows each executive to purchase 200 shares of its $2 par common stock for $30 per share after completing a 3-year service period. Pepin estimates the value of each option to be $14 on the grant date, and the company expects that 15% of the options will be forfeited and uses this rate in its compensation cost calculations in 2019. At the end of 2021, Pepin determined that the actual turnover was 7 executives for the entire service period. On January 6, 2022, 8 executives exercise their options.Required:1. Prepare a schedule of Pepin’s compensation computations for its compensatory share option plan for 2019 through 2021.2. Prepare Pepin’s journal entries for 2019 through 2022 in regard to this plan.
Answer:
On 31 December 2019: Debit Compensation expense for $39,667; and Credit Paid-in capital from share options for $39,667.
On 31 December 2020: Debit Compensation expense for $39,667; and Credit Paid-in capital from share options for $39,667.
On 31 December 2021: Debit Compensation expense for $41,067; and Credit Paid-in capital from share options for $41,067.
On 06 January 2022: Debit Cash for $48,000; Debit Paid-in capital from share options for $22,400; Credit Common stock for $3,200; and Credit Paid in capital in excess of par- common stock (balancing figure) for $67,200.
Explanation:
Note: See part b of the the attached excel file for the journal entries
Also note that before the journal entries are recorded, the current compensation expense for year 2019, 2020 and 2021 are first calculated. See part a of the attached excel file for the calculation of the the current compensation expense for year 2019, 2020 and 2021.
In part a of the attached excel file, the estimated compensation cost for 2019, 2020 and 2021 are calculated as follows:
Estimated compensation cost for 2019 = Option value on the grant date * Number of executives * (1 - Expected option forfeited rate) * Number of shares in the option = $14 * 50 * (1 - 15%) * 200 = $119,000
Estimated compensation cost for 2020 = Option value on the grant date * Number of executives * (1 - Expected option forfeited rate) * Number of shares in the option = $14 * 50 * (1 - 15%) * 200 = $119,000
Estimated compensation cost for 2021 = Option value on the grant date * (Number of executives - Actual executives turnover for the entire service period) * Number of shares in the option = $14 * (50 - 7) * 200 = $120,400
On 06 January 2022, the calculation of the entries used in the part b of the attached excel file are as follows:
w.1. Cash = Number of executives who exercise their options * Number of shares in the option * Purchase price per share after completing a 3-year service period = (8 * 200 * $30) = $48,000
w.2. Paid-in capital from share options = Number of executives who exercise their options * Number of shares in the option * Option value on the grant date = (8 * 200 * 14) = $22,400
w.3. Common Stock = Number of executives who exercise their options * Number of shares in the option * Sahre par value = (8 * 200 * $2) = $3,200
w.4. Paid in capital in excess of par- common stock (balancing figure) = Cash + Paid-in capital from share options - Common Stock = $48,000 + $22,400 - $3,200 = $67,200
WHY DO THEY CALL IT GAS WHEN ITS A LIQUID?
Answer:
i don't know if the is correct or not but I'll give it a shot at answering. most vehicles are powered by gasoline (obviously) but we often refer to it as gas although it isn't even a gas. it's a liquid, but humans just like renaming things i guess. anywho gasolines state of matter is NOT a gas but we just shortend it to "gas." (hoped this helped lol)
According to the video, what do Financial Analysts analyze? Check all that apply.
financial records
travel distances
insurance claims
a company's competitors
fraud
Type the correct answer in the box. Spell all words correctly.
What will the Security and Exchange Commission’s plan of action be if it finds any irregularities in the dealings of a financial securities firm?
If the Security and Exchange Commission finds any irregularities in the dealings of a financial securities firm, it can send a comment letter and initiate __________ proceedings.
Please Help!!!!!!!!!!!!!!!
Answer:
proper
Explanation:
Around the time Adam Smith published “Wealth of Nations”, what was the economic system favored by most European elites called?
mercantilism
capitalism
communism
feudalism
Answer:
A
Explanation: Mercantilism
Definition: The annual interest rate paid by a bond. It does not reflect the interest rate paid over the life
of the bond
Answer:
the answer is: Current yield
i will give $1000 to someone that can help me with this. and im being serious
Answer:
shell say to get your team together and lead if can do it do it, if you cant, don't
Explanation: you're the team leader you're supposed to be able to make decisions even the hard ones