Answer:
Items such as depreciation, outstanding expenses, accrued income etc. are not shown in receipt and payment account because it is a real account. Only cash transactions are recorded in receipt and payment account.
1. What industry forces might cause a propitious niche to disappear?
If the market contracts, due to internal or external factors, then the demand for the goods and services that the firm sells will fall and thus, a propitious niche will disappear. and, if the market expands, and the company fails to meet the increased demand, then also the propitious niche will vanish.
Which asset is the most liquid?
A. A certificate of deposit
B. An individual retirement account
C. Commercial real estate
D. Residential real estate
The asset that is the most liquid is a certificate of deposit. This is further explained below.
What is a certificate of deposit?Generally, a certificate of deposit is simply defined as depositors who put money in the bank for a certain period of time being given a certificate of deposit.
In conclusion, The asset that is the most liquid is a certificate of deposit
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McBurgers Inc. noticed brown pellets in some areas of
their kitchen. They assume that it is a sign of pest
infestation. What action should they take?
Check all that apply:
Store food away from walls and dispose of trash
regularly.
Change humidity, light, and temperature conditions
in the whole food service area.
Block all entry points to prevent pests from entering
the kitchen or other storage areas.
Sweep the pellets away and clean the floor with
water and a cleaner and apply floor sanitizer.
Submit Answer
The action that they should take are:
Store food away from walls and dispose of trash regularly.Change humidity, light, and temperature conditions in the whole food service area.Block all entry points to prevent pests from entering the kitchen or other storage areas.Sweep the pellets away and clean the floor with water and a cleaner and apply floor sanitizer.What is pest infestation?Pest Infestation is the state of being invaded or overrun by pests or parasites.
To avoid pest infestation, it is important to keep the house clean.
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This course has covered various aspects of managerial accounting that are meant to give you the foundation needed to understand, analyze and evaluate a company’s performance as a company manager as well as an external user of financial information.
Given your personal and professional goals, which of these tools will be of greatest benefit to you (describe at least 3)? Why? Be specific.
Personal and professional goals help to grow in personal and career graphs. My personal goal can be having my own house within 2 years. The professional goal can be having a managerial post in a leading company.
What do you mean by Goals?A goal refers to an objective or outcome for the future that a person wants to achieve. These goals help to design the life structure of an individual. these goals can be personal and professional.
These help to improve the productivity of individuals by motivating them. It helps individuals to perform better, and to seek growth personally and professionally.
It helps in measuring and analyzing the performance of the individual and evaluating and understanding whether the performance is matching to the standards or not.
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Stockholders, employees and environmentalists are examples of stakeholders whose interests
Stockholders, employees and environmentalists are examples of stakeholders whose interests often conflict.
What is conflict?Conflict refers to the disagreement among the two individual or the group which occurs due to the difference in the ideas, thoughts, attitudes, understanding and interest or opinion.
The interest of the stockholders, employees and environmentalist often tends to conflict because stockholders wants the company to maximize the profits as much as possible, employees wants to increase salary and promotion.
Environmentalist wants to industrialist ans other stockholders to show some concern over the environment and spend some of their earnings in for the environmental growth.
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Hugo Munsterberg is known as
Answer:
A Famous German Psychologist
Answer:
A physiologist.
Explanation:
"Hugo Münsterberg was a German-American psychologist" (Wikipedia.) I hope this helps! :)
In the scenario from question 1, no product was lost or consumed so the net balance remained the same. Why would an organization need to account for location changes of their inventory? Provide a Mathematical example to support your rationale.
Organization need to account for location changes of their inventory because the control of Inventory helps them to know the amount of inventory that they have.
What is inventory location?An Inventory locations is known to be seen as places where inventory is said to be saved and where it is distributed.
Note that Organization need to account for location changes of their inventory because the control of Inventory helps them to know the maximum amount of profit as it is gotten from the least amount of investment in stock without influencing customer satisfaction.
Therefore, Profit = Amount of stocks available - inventory sold.
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1. Which of the following is NOT usually considered a member of the
executive committee of a hotel?
A. Director of Catering
B. Rooms Division Manager
C. Director of Food and Beverage
D. Director of Engineering
Answer: It should be B
Rooms Division Manager is not usually considered a member of the executive committee of a hotel. Hence, option B is correct.
What is Rooms Division Manager?The personnel in charge of the hotel's front desk, guest services, and cleaning are all supervised by the managers of the rooms division. They answer to the general manager and are in charge of making sure that the guests receive exceptional service.
The section responsible for handling reservations, the front desk, housekeeping, concierge, guest services, and security are just a few examples of the divisions that make up a hotel.
The manager of the rooms division in a hotel oversees coordination between housekeepers and front desk personnel. Their responsibilities also include maintaining quality standards, assigning tasks, preparing schedules, providing leave, and allocating resources, in addition to greeting VIP visits and reporting to general managers.
Thus, option B is correct.
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Millbridge Ambulance Service (MAS) has been considering consolidating its three locations into just two locations. The location MAS is considering closing currently costs $155,000 to operate. If the location is closed, the ambulances from that location would be moved to the other two locations. The savings from the closure would be partially offset by increased expenses at the two remaining locations. MAS will lose $40,000 of state subsidy if it closes the location. MAS wants to close the location only if the closure results in an overall financial improvement. The current costs of the location are as follows: The general and administrative expenses of $20,000 are an allocation of costs from the central office. The costs of the central office are not affected by the existence of the specific locations. If the location is closed, the staff will be transferred to the other two locations, and the lease will be canceled, so there will be no rent or repairs and maintenance. While it will not purchase supplies for this location, the supply cost of the other two locations will rise by $20,000. What should MAS do?
Millbridge Ambulance Service (MAS) should not go ahead with consolidating its three locations into two because it will have a negative cost savings of $5,000.
What are cost savings?Cost savings refer to the benefits that Millbridge can realize from some actions that reduce its expenses or costs.
Cost savings are derived from cost minimization strategies.
Data and Calculations:Salaries of staff = $80,000
Rent = $20,000
Repairs/Maintenance = $10,000
General /Administration = $20,000
Supplies = $25,000
Total = $155,000
Savings in costs:Loss of state subsidy = -$40,000
Rent = $20,000
Repairs/Maintenance = $10,000
Supplies = $5,000 ($25,000 - $20,000)
Total savings = -$5,000
Thus, Millbridge Ambulance Service (MAS) should not go ahead with consolidating its three locations into two because it will have a negative cost savings of $5,000.
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what is excutive branch
Answer:
The executive branch carries out and enforces laws. It includes the president, vice president, the Cabinet, executive departments, independent agencies, and other boards, commissions, and committees. :)
Discuss the following statement: "Joint ventures have unlimited life."
A joint venture is a business organised by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance.
What does the statement mean?The statement "Joint ventures have unlimited life" implies that a business that is joint ownership will always give an avenue for continuity if one dies. It also gives room for proper funding as both owners will both be financing it and hence promotes it longevity.
Therefore, the implication or meaning of the statement is that there is always available person(s) to manage the affair and bear the risk of the business. Consequently, such business die hard.
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COST OF COMMON EQUITY WITH FLOTATION Ballack Co.’s common stock currently sells for $46.75 per share. The growth rate is a constant 12%, and the company has an expected dividend yield of 5%. The expected long-run dividend payout ratio is 25%, and the expected return on equity (ROE) is 16%. New stock can be sold to the public at the current price, but a flotation cost of 5% would be incurred. What would be the cost of new equity?
Based on the stock price of Ballack Co., the dividend, and the growth rate, the cost of new equity is 17.26%.
What is Ballack Co's cost of new equity?This can be found as:
= (Next dividend / (Current price x (1 - floatation cost) ) + Growth rate
Solving gives:
= ( (46.75 x 5%) / (46.75 x ( 1 - 5%)) + 12%
= ( 2.33 / 44.41) + 12%
= 17.26%
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Prepare a statement of retained earnings in proper form for White Corporation
The Retained earning for White Corporation is $5,200 for the year ended December 31, 2012.
What is retained earning?After deducting all of a company's overhead expenses, income taxes, and profits for shareholders, the amount of profit left over is known as retained earnings.
Following is the statement of retained earning for White Corporation-
Retained Earning $2,000
less(Dividend) -$800
Balance = $1,200
add(Net income) +$3000
add (Rent Expense) +$1,000
Retained earning = $5200
Therefore, the Retained earning for the year ended on December 31, 2012 of White Corporation will be $5200.
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do business trust income tax on income according to the conduit principle
Answer:
Yes, the grantor pays the taxes on the income that comes from the trust. They have complete control of the trust. Money is then placed into the trust, the rate it accumulates at is taxable as income to mostly the trust.
Hope it helps.
17
sked out of
Botanic Choice signs an agreement on January 1, 2019, to lease equipment to Famous Furniture. The
following information relates to this agreement.
. The term of the non-cancelable lease is 4 years with no renewal option. The equipment has an estimated
economic life of 6 years.
• The fair value of the equipment on January 1, 2019, is € 40,000.
• The asset will revert to the lessor at the end of the lease the term, at which time the asset is expected to
have a residual value of £6,000, none of which is guaranteed.
• The agreement requires equal annual rental payments of € 9,538.39 to the lessor, beginning on
December 31, 2019.
• The lessee's implicit rate is 8 %. Present value of an ordinary annuity of $1 for number of periods = 4,
interest 8% equals 3.31213.
What is the balance of lease liability (noncurrent) on December 31, 2019?
Select one:
a. €31.592.39
b. €17,009.51
€24.581.39
d. 22053.99
The balance of lease liability on December 31, 2019, is equal to €31,592.39.
Option A is the correct answer.
What is a lease?A lease is a contract where the owner of the asset permits the other party to utilize the asset for a specified period of time. The owner receives some consideration for that use.
Given values:
Yearly rental payment: € 9,538.39
PV annuity factor of 8% at 4 years: 3.31213
Computation of lease liability balance:
[tex]\rm\ Balance \rm\ of \rm\ Lease \rm\ Liability= \rm\ Yearly \rm\ Rentals \times\ \rm\ PV \rm\ Annuity \rm\ factor\\\rm\ Balance \rm\ of \rm\ Lease \rm\ Liability=\ 9,538.39 \times\ 3.31213\\\rm\ Balance \rm\ of \rm\ Lease \rm\ Liability=31,592.39[/tex]
Therefore, on December 31, 2019, the amount of lease liability comes our to be € 31,592.39.
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law of demand states that
Answer:
The higher the price the higher the quantity demand.
Explanation:
The law of demand states that the higher the price, the higher the quantity of goods and services demanded at a given period of time.
The place where buyers and sellers interact is called a _____.
A. market segmentation
B. market share
C. market
D. target market
Answer:
Market
Explanation:
I had this question so I know hope this helps!
Answer: The other person was correct give them brainiest.
Explanation:
Which of the following questions can a balance sheet help to answer? A. Does the business have too many employees? OB. Has too much credit been extended? O C. Does the business have too many customers? OD. Is the business making the right products?
The question that a balance sheet help to answer is has too much credit been extended.
What is a balance sheet?This refers to the financial statement of a company, which shows how assets and liabilities are recorded.
It helps to show the true position of a company's financial status, at a particular time.
Hence, the questions that a balance sheet help to answer is has too much credit been extended.
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__________________________
Answer:
ano yan wala namang question ehh
Which of the
following
statements
would be true if
there was a large
immigrant
population
coming into the
country?
A. The will be a
shortage of workers.
B. There will be a
surplus of workers.
C. Unemployment will
decrease.
9
Answer:
B...................................
c. To maintain its enviable position Kohl’s Corporation added other product lines that are of interest to their target market. Identify a y three of them.
To maintain its enviable position Kohl’s Corporation rebranding and introduction of new products can be done.
How do we maintain positioning in market?It is important to make some atrategic decision-makers to improve a particular Companies performance.
Rebranding of a particular products and introduction of new products are ways to improve productivity.
Therefore, To maintain its enviable position Kohl’s Corporation rebranding and introduction of new products can be done.
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An incomplete cost of goods manufactured schedule is presented below.
Complete the cost of goods manufactured schedule for Riverbed Company. Assume all raw materials are direct materials.
Work in process (1/1)
$222,600
Direct materials
Raw materials inventory (1/1)
$enter a dollar amount
Add: Raw materials purchases
168,000
Total raw materials available for use
enter a total of the two previous amounts
Less: Raw materials inventory (12/31)
24,500
Direct materials used
$190,800
Direct labor
enter a dollar amount
Manufacturing overhead
Indirect labor
19,600
Factory depreciation
37,900
Factory utilities
72,600
Total overhead
130,100
Total manufacturing costs
enter a total amount for the first part
Total cost of work in process
enter a total amount for all two parts
Less: Work in process (12/31)
85,600
Cost of goods manufactured
$572,400
Completing the Cost of Goods Manufactured Schedule for Riverbed Company is as follows:
Cost of Goods Manufactured ScheduleWork in process (1/1) $222,600
Direct materials:
Raw materials inventory (1/1) $ 47,300
Add: Raw materials purchases 168,000
Total raw materials available for use $215,300
Less: Raw materials inventory (12/31) 24,500
Direct materials used $190,800
Direct labor $114,500
Manufacturing overhead:
Indirect labor 19,600
Factory depreciation 37,900
Factory utilities 72,600
Total overhead 130,100
Total manufacturing cost $658,000
Total cost of work in process $658,000
Less: Work in process (12/31) 85,600
Cost of goods manufactured $572,400
What is the Schedule of Cost of Goods Manufactured?The Schedule of Cost of Goods Manufactured shows the costs of:
Beginning Work in ProcessRaw materials usedDirect laborOverheadLess Ending Work in Process.Thus, the Schedule of Cost of Goods Manufactured for Riverbed Company shows that the cost of goods manufactured for the period is $572,400.
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(a) Define the terms: (1) Gross Domestic Product
Answer:
Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country’s economic health.
Explanation:
On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $85,360 in assets in exchange for its common stock to launch the business. On December 31, the company’s records show the following items and amounts. Cash $ 7,010 Cash dividends $ 3,390 Accounts receivable 18,350 Consulting revenue 18,350 Office supplies 4,480 Rent expense 4,820 Office equipment 19,360 Salaries expense 8,370 Land 46,040 Telephone expense 910 Accounts payable 9,740 Miscellaneous expenses 720 Common stock 85,360 Exercise 1-20 (Algo) Preparing a balance sheet LO P2 Use the above information to prepare a December 31 balance sheet for Ernst Consulting.
The preparation of the December 31 balance sheet for Ernst Consulting is as follows:
Ernst Consulting
Balance SheetAs of December 31
Assets:Cash $ 7,010
Accounts receivable 18,350
Office supplies 4,480
Office equipment 19,360
Land 46,040
Total assets $95,240
Liabilities and Equity:Accounts payable 9,740
Common stock 85,360
Retained earnings 140
Total liabilities and
Equity $95,240
What is the balance sheet?The balance sheet is a financial statement that shows that an entity's assets are equal to its liabilities and equity.
The first step in preparing Ernst Consulting's balance sheet is to conclude the Income Statement, showing the net income and retained earnings, as below.
Data and Calculations:Cash $ 7,010
Accounts receivable 18,350
Office supplies 4,480
Office equipment 19,360
Land 46,040
Consulting revenue 18,350
Rent expense 4,820
Salaries expense 8,370
Telephone expense 910
Miscellaneous expenses 720
Cash dividends $ 3,390
Accounts payable 9,740
Common stock 85,360
Ernst Consulting
Income StatementFor the year ended December 31
Consulting revenue $18,350
Rent expense 4,820
Salaries expense 8,370
Telephone expense 910
Miscellaneous expenses 720
Net income $3,530
Cash dividends 3,390
Retained earnings $140
Thus, the December 31 balance sheet for Ernst Consulting has been prepared as shown above.
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When a company chooses to market a product in certain parts of the country but not in others because consumer preferences of one region differ from another region is known as _____.
A. geographic segmentation
B. price segmentation
C. demographic segmentation
D. time segmentation
When a company chooses to market a product in certain parts of the country but not in others because consumer preferences of one region differ from another region, it is known as geographic segmentation.
What are consumer preferences?The products or commodities, which are demanded by consumers in a specific quantity at a given price due to the utility it brings to an individual consumer, is known as a consumer preference.
Hence, option A holds true regarding consumer preference.
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I'LL MARK BRAINLIEST PLEASE ANSWER FAST (14 POINTS)
To achieve your overall vision of your life, you’re going to have to piece together a lot of _____________ and effort.
A. different parts of your life
B. memories
C. different goals
D. different regrets
Answer:
The answer is B :)
Explanation:
Select the appropriate response
Question 2
According to State Farm guidelines, would betterment potentially apply when refinishing a complete
vehicle?
Yes
No
Which taxpayer would benefit the most from a tax-free municipal bond compared to a taxable bond? a. A taxpayer who won a mega-million-dollar lottery b. The average low income worker c. They would all equally benefit from the tax-free municipal bond d. A taxpayer whose only income is from Social Security
The taxpayer would benefit the most from a tax-free municipal bond compared to a taxable bond is taxpayer who won a mega-million-dollar lottery
Who is taxpayer?A tax payer is an individual who pays tax, the tax is paid based on income generated and it is computed and paid to the government.
Therefore, The taxpayer would benefit the most from a tax-free municipal bond compared to a taxable bond is taxpayer who won a mega-million-dollar lottery
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The revenues and expenses of Up-in-the-Air Travel Service for the year ended April 30, 2017, follow:
Fees earned
$1,870,000
Office expense
343,000
Miscellaneous expense
21,000
Wages expense
1,115,000
Prepare an income statement for the year ended April 30, 20Y7. Be sure to complete the statement heading. Refer to the lists of Accounts in
the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Enter amounts as
positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative. Expenses
should be positive. A colon (:) will automatically appear if it is required.
The income statement for the year ended April 30, 20Y7 is $391,000.
Income statement
Up-in-the-Air Travel Service Income statement for the year ended April 30, 2017
Revenue:
Fees earned $1,870,000
Expenses:
Office expense $343,000
Miscellaneous expense $21,000
Wages expense $1,115,000
Total expenses $1,479,000
Net income $391,000
($1,870,000-$1,479,000)
Therefore the net income is $391,000.
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what role would money play in equity theory
Answer:
I’m assuming that people might want to work more because they are basically being bribed to work.
Explanation:
they would end up wanting to work longer periods of time.