Answer:
Rembrandt Paint Company Income Statement - December 31, 2021Sales revenues $34,000
- Cost of goods sold ($18,500)
Gross margin $15,500
Operating expenses:
- Selling and adm. expenses ($4,100)
- Restructuring costs ($2,400)
Total operating expenses ($6,500)
Income from operations $9,000
Other revenue and expenses:
Gain on sales of assets $5,200
Interest revenue $420
Loss from discontinued oper. ($3,200)
Interest expense ($620)
Total other revenue and expenses $1,800
Net income pre-tax $10,800
Income taxes (25%) ($2,700)
Net income after taxes $8,100
Shares outstanding 600,000
Earnings per share (EPS) $13.50
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
Which term describes a situation in which one country can produce a product
at a lower opportunity cost than another country?
A. Deficit advantage
B. Comparative advantage
C. Absolute advantage
D. Surplus advantage
Answer:
B. Comparative advantage
Explanation:
Comparative advantage is when a country or company can produce goods using fewer resources compared to its rivals. It means the product will cost much less when produced by the country with a comparative advantage.
A comparative advantage means that a country will produce more output of a product when using similar inputs as rivals. The country or company can, therefore, avail the product in the market at a lower cost. Other countries stand to gain when importing products from countries with a comparative advantage than when they manufacture.
Answer:
B. Comparative advantage
Explanation:
Just got it right on my quiz!
A registered representative is obligated to adhere to the prospectus delivery requirements of the Securities Act of 1933 when making a sale of A) a new issue of B-rated industrial revenue bonds to provide funding for a new facility for the Boomer Widgets Company. B) shares of the STU open-end investment company, a fund whose portfolio makeup is exclusively U.S. Treasury issues. C) shares of the XYZ closed-end investment company, a fund whose shares trade on the Nasdaq Stock Market. D) shares of the LMN S
Answer:
B) shares of the STU open-end investment company, a fund whose portfolio makeup is exclusively U.S. Treasury issues.
Explanation:
The Securities Act of 1933 requires that new securities must be recorded with the Securities and Exchange Commission (SEC). When registered representatives are offering stocks to their clients, they are required to adhere to the prospectus delivery if the IPO (initial public offering) or APO (additional public offering) after up to 90% of the event.
No IPO or APO is mentioned in the question, but only options A and B refer to securities that could have been recently issued. Since option A is about a municipal bond (industrial revenue bonds are considered municipal bonds), and municipal bonds are not included in the Securities Act of 1933, then we can eliminate that option.
The only possible option we have left is option B. Open end investment stocks are basically a constant IPO since every time an investor buys a stock, it is creating a new stock, e.g. when you invest in a mutual fund you are creating new mutual fund stocks. It doesn't matter if the mutual fund only invests in US treasuries.
Read each question and choose the best answer. "How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case."—Robert G. Allen, financial writer This quotation reflects what principle of investing? A. Higher risk usually offers higher potential return. B. Higher risk usually offers lower potential return. C. Greater liquidity usually offers higher potential return. D. Greater liquidity usually offers lower potential return.
Answer:
A.
Explanation:
This quote reflects the principle of investing that Higher risk usually offers a higher potential return. Savings accounts are probably the safest investments that an individual can make, where they hold their money in this account and the bank ensures this account while also providing interest on the amount held. This interest that is gained is extremely small and usually wouldn't even cover the average annual inflation rate. The average interest on these accounts is between 0.01% to 0.35% APY. Riskier investments have a much higher potential return from 7% APY to potentially above 100% APY.
James Smith recorded the following transactions during the month of April. Apr. 3 Cash 1,400 Service Revenue 1,400 16 Rent Expense 400 Cash 400 20 Salaries and Wages Expense 150 Cash 150 Post these entries to the Cash account of the general ledger to determine the ending balance in cash. The beginning balance in cash on April 1 was $1,900. (Post entries in the order of journal entries presented in the question.) Cash choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose a transaction date enter a debit balance choose a transaction date enter a credit balance.
Answer and Explanation:
The computation of the ending cash balance with the help of the cash ledger is presented below:
Cash account
Date Particulars Amount Date Particulars AMount
April 1 Beg. Balance $1,900 April 16 Rent expense $400
April 3 Service revenue $1,400 April 20 Salaries & wages
expense $150
April 30 Ending balance $2,750
The greater the magnitude of the external benefits of production, a. The larger is the deadweight loss from underproduction. b. The greater would be the optimal tax. c. The less the private market solution would deviate from the socially efficient level of output. d. All of the above are true.
Answer:
d. All of the above are true
Explanation:
External costs happen if during production or consumption of a good or a service there is a negative effect on another party. The existence of this can bring about market failure. In the presence of externalities social benefit costs are a combination of private costs and also external benefits of production.
All of the options a, n and c are true so d is the answer here.
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:
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
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 are examples of financial obstacles to a career plan? Check all that apply. I was unable to save enough money to pay for college. I lost interest in pursuing this career. I have a family member who was sick and needed my care. I was not accepted into the college of my choice. The bank did not approve my loan application to fund my new company. I applied for, but did not receive a college scholarship.
Answer:
Explanation:
The following reasons are all examples of financial obstacles to a career plan...
I was unable to save enough money to pay for college.The bank did not approve my loan application to fund my new company. I applied for but did not receive a college scholarship.All of these examples, make it difficult for the individual to pursue the career that they want due to a lack of finances. This includes both going to college to pursue learn and enter the job world that you want as a career as well as forming a company and entering the market that you want as a career as an entrepreneur.
Answer:
A,E,and F
Explanation:
I got it right for my assignment
Frank houser owns a football team that plays its home games at Memorial Stadium. To increase revenue he is offering a sponsorship to Durable Goods, a company that makes sports equipment. Durable Goods want to provide all of the team’s equipment and pay $150,000 for the right to place its logo on the team’s uniforms. Currently, the team spends $108,000 on equipment annually. How much will frank profit by accepting the offer?
Answer:
$258,000
Explanation:
Frank houser will benefit in the following ways from Durable goods.
Team equipment worth $108,000 and $150,000 for the right to place the logo on uniforms.
The total benefits will be $108,000 + $150,000
=$258,000
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:
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
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:
David Blehert and his research team captured 117 healthy bats to study in the laboratory and divided them into four groups. Group 1 was housed in an area free from Geomyces destructans. Group 2 was housed in an area that shared the same air as bats infected with WNS, but these bats did not have direct contact with the infected bats. Group 3 was housed in direct contact with other bats infected with WNS. Bats in group 4 were directly exposed to Geomyces destructans when it was applied to their wings. During the study period the bats were monitored for signs of WNS. In this experiment, the independent was ________ and the dependent variable was ________.
a) the type of exposure to Geomyces destructans; whether the bats became sick with WNS.b) whether the bats became sick with WNS; the type of exposure to Geomyces destructans.c) whether the bats became sick with WNS; the number of bats included in the study.d) the number of bats included in the study; the type of exposure to Geomyces destructans.
Answer: a) the type of exposure to Geomyces destructans; whether the bats became sick with WNS
Explanation: The independent variable refers to the variables employed by the experimenter to use as a tool to observe changes in the dependent variable. In an experimental study, the independent variables are usually the different controls adopted for the experiment. In the scenario above, the independent variable is the type of exposure to Geomyces destructans which each of the groups are exposed to. These variation in control in which the different groups are exposed to may result in different response within the group which is the change in WNS. These response due to exposure to different control is called the dependent variable.
Suppose that Italy and Austria both produce fish and shoes. Italy's opportunity cost of producing a pair of shoes is 5 pounds of fish while Austria's opportunity cost of producing a pair of shoes is 10 pounds of fish. By comparing the opportunity cost of producing shoes in the two countries, you can tell thatItaly has a comparative advantage in the production of shoes andAustria has a comparative advantage in the production of fish. Suppose that Italy and Austria consider trading shoes and fish with each other. Italy can gain from specialization and trade as long as it receives more than5 pounds of fish for each pair of shoes it exports to Austria. Similarly, Austria can gain from trade as long as it receives more than1/10 pair of shoes for each pound of fish it exports to Italy. Based on your answer to the last question, which of the following prices of trade (that is, price of shoes in terms of fish) would allow both Austria and Italy to gain from trade?
a. 9 pounds of fish per pound of cheese.
b. 18 pounds of fish per pound of cheese.
c. 3 pounds of fish per pound of cheese.
d. 1 pound of fish per pound of cheese.
Answer:
a. 9 pounds of fish per pound of cheese.
Explanation:
The gain from trade would arise at the time when the price of the cheese with respect to the fish is more than 5 and less than 10
So according to the given option the first option is met the criteria
The 9 is more than 5 and less than 10
And, the other options does not met the criteria
So, the first option i.e. a is correct
And, all other options are wrong
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
2.
What is selling? How can you apply this in your real life as a student?
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
The factors cited by the textile industry’s decision to locate manufacturing facilities in countries other than the United States include _____.
improved trade policies
increased domestic energy costs
cheaper labor
lower transport costs
Answer:
cheaper labor
Explanation:
Until the recent past, cotton production was labor-intensive. Factories needed to hire many casual laborers to assist them in the production process. The US has always had a minimum wage policy. Because the factories had to adopt the minimum wage policy, the labor expense became unsustainable. Cotton factories had to relocate to other countries such as China, where labor was affordable.
Answer:
cheaper labor
Explanation:
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)
Glimmens, a continental restaurant, started its operations by renting the ground floor of a three-storied building. As the business of the restaurant grew, Marvin, the co-owner of the restaurant, pressed the landlord of the building to allow him to occupy and rent the first floor as well for much lower rent than what the landlord intended to quote. This would reduce the expansion costs of Glimmens. In the context of managerial roles, which of the following decisional roles does Marvin exemplify in this scenario?A) The disturbance handler roleB) The resource allocator roleC) The disseminator roleD) The negotiator role
Answer:
D) The negotiator role
Explanation:
Business managers often have to negotiate with suppliers, employees or in this the landlord in order to solve a potential conflict, lower costs or maximize revenues. When two parties negotiate, they both seek to maximize their own benefit, so a negotiation process can either result in a better or worse position for the company.
In this particular case, Marvin negotiated with his landlord in order to lease another floor of the building at a lower than market cost which benefits the financial situation of the restaurant. He did a good job and was a good negotiator since his company will benefit from this negotiation process.
Joann wants to insert page numbers at the bottom of the pages of her document using the Field option in Quick Parts. Which options in the Field dialog box does she click to accomplish this task? Check all that apply. Footer under the All category Header under the Page category Page under the Numbering category PageNum under the Document Automation category NumPages under the Document Information category
Answer:
C and E
Explanation:
Edge 2020
Answer: C. Page under the Numbering category
E. NumPages under the Document Information category
Explanation:
Hope this helps!!
Change the state of matter is chemical change
True or false
Answer:
true
Explanation:
According to the video, what tasks commonly are performed by Cashiers? Check all that apply.
creating advertisements
receiving money
totaling bills
giving receipts
delivering products to customers’ homes
weighing produce and bulk food
Answer:
receiving money
totaling bills
giving receipts
Explanation:
Cashiers are workers stationed at cash registers. Their role revolves around receiving money, issuing receipts, and disbursement of correct change as required. Cashiers work in many institutions, especially in the retail industry.
Cashiers' main task is to collect payment from customers. They have to be accurate when issuing receipts and giving back change. Cashiers have to reconcile their register at the end of the day.
Answer:
bcd
Explanation:
The share in the company's profit is called_________.
Answer:
profit sharing
Explanation:
From Investopia they define profit sharing as
"A plan gives employees a share in their company's profits based on its quarterly or annual earnings."
According to the video, what do Financial Analysts analyze? Check all that apply.
financial records
travel distances
insurance claims
a company's competitors
fraud
A ceo is considering how he wants his company positioned he has thought of it as the coolest brand and the brand with the best values which is true about his predicament?
Answer:
the first one,
Explanation:
for some reason people think that the cooler brand is better even if it sucks. its just because the logo looks good pretty much. I have no idea. its like nike vs adidas more people use nike even though the shoes suck compared to adidas
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.
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: