Answer:
MSK Construction Company
a) Journal Entries:
Debit Contract Cost $290,000
Credit Cash Account $290,000
To record the cost of the contract incurred for the 1st year.
Debit Accounts Receivable $260,000
Debit Unbilled Contract $90,000
Credit Contract Revenue $350,000
To record the contract revenue for the first year.
Debit Cash Account $240,000
Credit Accounts Receivable $240,000
To record the receipt of cash for the first year.
Debit Contract Cost $150,000
Credit Cash Account $150,000
To record the cost of the contract incurred for the 2nd year.
Debit Accounts Receivable $265,000
Credit Contract Revenue $175,000
Credit Unbilled Contract $90,000
To record the contract revenue for the 2nd year.
Debit Cash Account $265,000
Credit Accounts Receivable $265,000
To record the receipt of cash for the 2nd year.
Explanation:
Contract price = $525,000
Contract data:
20X1 20X2
Costs incurred during the year $290,000 $150,000
Estimated additional cost to complete 145,000 —
Billings during the year 260,000 265,000
Cash collections during the year 240,000 285,000
Revenue Recognition over time based on costs:
Total estimated cost = $435,000 ($290,000 + 145,000)
Revenue in the 1st year = ($290,000/435,000 * $525,000) = $350,000
Revenue in the 2nd year = $175,000 ($525,000 - $350,000)
Revenue Recognition at point in time when control is transferred:
Revenue in the 1st year = $0
Revenue in the 2nd year = $525,000
A consumer recognizes a need. The next step in the complete decision-making process is for the consumer to _____.
A. make a choice
B. search for information
C. consider options
D. make a purchase
Business~
Answer:
B
Explanation:
In the 5 step process of consumer decision making, the most logical sequence of action are
1.a need or a want is recognized,
2.search process,
3.comparison,
4.product or service selection, and
5.evaluation of decision.
Therefore the second step in decision making is search for information
that is option B
write the importance of a business operating plan
Explanation:
Whether you're starting a small business or exploring ways to expand an existing one, a business plan is an important tool to help guide your decisions.
Answer:
importance of a business operating plan
Explanation:
whether you're starting small business or exploring ways to expand an existing one, a business plan is an important tool to help guide your decisions.Think of it as a roadmap to success,providing greater clarity on all aspects of your business,from marketing and finance to operations and product/service details
sorry po kung mali
Make a brief description of each one 1. Exchange rates 2. Pyramid of Maslow 3. Basic needs 4. Self-realization 5. Entrepreneurship 6. SWOT analysis 7. Fixed costs 8. Variable costs 9. added value 10. Market research plz is for today
Explanation:
1. Exchange rates: the value a currency possesses when been transferred from one to another.
2. Pyramid Maslow: Maslow pyramid is used to show the heir-achy of human needs, with the most basics needs like safety, food water at the bottom. And more complex needs like self-realization at the top of the pyramid.
3. Basic needs: This are what humans needs for its day to day survival e.g shelter, water, food.
4. Self-realization: this is the discovery of oneself, achieving your full potential.
5. Entrepreneurship: this is a process where by you discover, design and launch a business idea so as to make gain.
6. SWOT analysis: this is a market survey carried out to discover your potential market(customers) where SWOT stands for Strength, Weakness, Opportunity and Threat. You study your competitors weakness, threats against the strengths of your own product and you seize the opportunity to introduce your product to the market.
7. Fixed cost: this are cost which are fixed e.g rent, interest rate, e.t.c.
8. Variable cost: this is a cost which is determined by factors which are put into producing an output e.g labor, raw materials.
9. Added value: this is the difference between the cost price and selling price of a goods or service.
10. Market research: this is a survey carried out on a potential market to know its customers, competitors e.t.c.
please be my dad? yes or yes?
Answer:
or
Explanation:
Answer:
yes i'm you new father figure
Explanation:
A summary budget, one that contains the combined information of the flexible and operating budgets and is compiled
annually for the consideration of upper management, is called a____
-master
-operating
-industry standard
-start up
-accounting
Answer:
master
Explanation:
A master budget is an integration of all other functional budgets such as sales, purchases, marketing, and production. It is prepared when all the other budgets have been completed. The master budget is a summary budget that indicates the planned activities of the business for the coming period.
Master budgets have to be approved by the top management before implementation. A Master Budget shows the projected operating profit of the company for the coming financial period. It also portrays how the balance sheet will be at the close of the period.
Which type of worker would most likely be able to begin work after receiving a high school degree and completing
an on-the-job apprenticeship?
A. a miner
B. a forester
C. a conservationist
D. a park worker
How can a company have a profit (net income) but not have Cash?
Answer:
see below
Explanation:
Profit is when there a positive difference between the revenue a company generates and its expenses. Cash flows refer to the movement of money in and out of business. Positive cash flow is when the business has a stream of cash inflows enabling it to pay its bills on time.
When a business uses the accrual system, it records revenue when it makes a sale regardless of whether a payment has been made. If there is a delay in collecting payments from customers, the business will show more revenues but little cash inflow. The income statement will indicate profits, but the cash flow statement will be negative. Therefore, when a business is slow in collecting receivables, it will be reporting profits and negative cash flows.
Andrea is a single parent with two young children. She works as a librarian and leads a busy life. As a discerning consumer, what will be her expectation from the TDL industry?
Answer:
The options are missing, so I looked for similar questions:
A. delivery of large quantities B. warehouse facilities C. flexibility in delivery schedules D. inventory managementThe answer is:
C. flexibility in delivery schedules
A discerning consumer is a consumer that generally shows good taste, a lot of knowledge, or sophisticated buying habits. They tend to be very demanding when they acquire services or products since they expect high quality. Normally, the expectations of discerning consumers regarding transportation, distribution and logistics (TDL) would be basically that they receive the goods that they ordered on time and when they (the consumers) have time to receive them. E.g. if they buy something online, they will expect it to be delivered fast, without any delays, and the delivery schedule should be flexible enough so that it fits their own personal schedule.
Esther estimates that she will need about $8,600.00 for the first year of tuition at college. Her grandparents contribution will cover $3,010.00 of the tuition expenses, and Esther will need to save to pay for the rest. If Esther has 2 years to save, what is the minimum amount that she should save each month for the next 2 years? Be sure to round your answer to the hundreths place value and answer in a complete statement.
Answer:
$232.92
Explanation:
Since Esther's parents have contributed a total of $3,010 to her tuition then Esther would need a total of
$8,600 - $3,010 = $5,590
Since there are a total of 24 months in a span of 2 years, then we would need to divide the total amount of money that Esther needs by these 24 months to calculate the minimum amount that she needs to save each month to reach her goal. Like so...
$5,590 / 24 = 232.916
Therefore, we can see that Esther would need to save a minimum of $232.92 every single month to be able to hit her goal of $5,590 in 2 years.
Select all items that describe characteristics of a website theme.
applies to the overall website design
defined after a site has been built
harmonizes all parts of a website
can make it more difficult for a team to work together
conveys a feeling to the target audience
optimizes a site's usability
Answer:
1,3,4&5
Explanation:
Answer:
1, 3, 5, 6
Explanation:
What is a Discount Rate?
(read multiple choice answers below)
Answer:
I think it is D) Interest rate charged to banks on loans they receive from the Federal Reserve
HURRYY !! Which career pathway has the highest degree of self-employment?
A. Law Enforcement Services
B. Corrections Services
C. Legal Services
D. Security and Protective Services
Answer:
either B or C but I am going with C
Explanation:
I mean, Legal services, you are a lawyer or equal to that job.
Answer:
The answer is D
Explanation:
Rose Martinez walked into her office and found a large, extravagant bouquet on her desk. Before she had time to read the card, her secretary said it was from Mr. Tanner at Zero Corporation. The secretary knew Mr. Tanner was trying to negotiate a sales deal with the company. Thus, she remarked that the beautiful flowers should help Ms. Martinez make her decision. Although Ms. Martinez did not know how to respond to Mr. Tanner's gift, she thought an answer might be in her company'sA) sales procedures.B) sales manual.C) employee handbook.D) code of ethics.E) sales training tapes.
Answer: D. code of ethics
Explanation:
Cofe of ethics are the principles that a company use in guiding its employees so that they can know what is either right or wrong according to the company. Code of ethics is typically used to guide workers and to protect them from doing anything that may portray the company in a bad image.
Since Ms. Martinez did not know how to respond to Mr. Tanner's gift, she thought an answer might be in her company's code of ethics. This will show her if collecting such gift is right or wrong.
Money needs to be portable in order to:
A. be divided into smaller denominations as needed.
B. be easily carried and transferred over large distances.
C. be consistent with other money in a country.
O D. be exchanged for a long time without falling apart.
Answer:
B. be easily carried and transferred over large distances
Explanation:
just got it right on quiz
Money needs to be portable ion order to be easily carried and transferred over large distances.
What does portable mean?This is a term that has to do with the fact that an item exists in a way that it is easily carried.
That is, carrying or moving it around does not cause any issue or stress for the people holding it.
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Unstable cildiei 1.
NISM
Kelly Krantz
3 points
13. Kelly Krantz saved $250.00 to buy clothes and supplies for the new school year. She went to the mall
and bought the following items: 3 pair of jeans that cost $35.00 each; 5 shirts that cost $15.50 each;
new shoes for $48.00; 6 notebooks at a cost of $1.50 each; and a pack of pens for $2.75. How much
more or less than she budgeted did she actually spend?
Your answer
Submit
Log
Answer:
$62.50 more
Explanation:
please mark branliest
On January 22, Zentric Corporation issued for cash 342,000 shares of no-par common stock at $20. On February 14, Zentric issued at par value 9,000 shares of preferred 6% stock, $80 par for cash. On August 30, Zentric issued for cash 31,000 shares of preferred 6% stock, $80 par at $85. Journalize the entries to record the January 22, February 14, and August 30 transactions. Refer to the Chart of Accounts for exact wording of account titles.
Answer:
Journal Entries
January 22
Dr. Cash $6,840,000
Cr. Common stock $6,840,000
February 14
Dr. Cash $720,000
Cr. Preferred stock $720,000
August 30
Dr. Cash $2,635,000
Cr. Preferred stock $2,480,000
Cr. Paid in capital excess of par-Preferred stock $155,000
Explanation:
January 22
Common Stock = Numbers of shares issued x Issue price per share
Common Stock = 342,000 shares x $20
Common Stock = $6,840,000
February 14
Preferred stock = Numbers of preferred shares x Price per preferred share
Preferred stock = 9,000 shares x $80 per share
Preferred stock = $720,000
August 30
Cash Received = Numbers of shares x issuance price = 31,000 x $85 = $2,635,000
Cash Received = Numbers of shares x par value = 31,000 x $80 = $2,480,000
Paid in capital excess of par = $2,635,000 - $2,480,000 = $155,000
2. Which two of the following are most likely to be advantages of taking on a
bob franchise rather than setting up as a sole trader or private limited
company?
Select two ANSWET'S.
A The franchisor provides a tried and tested product to sell
B The franchisor pays the franchisee to set up in business
The franchisee receives ongoing help and support from the franchisor
D The franchisor is responsible for paying the taxes of the business
1 Franchisees do not need to have so many business skills as people who set
up on their own
Answer:
A).The franchisor provides a tried and tested product to sell
C ). The franchisee receives ongoing help and support from the franchisor
Explanation:
A franchise is an arrangement where an established and successful business person( franchisor) licenses a third party( franchisee) to set up an independent branch similar to the franchisor business. The franchisor permits the franchisee to use their brand name, colors, processes, and procedures and sell their products. Therefore, the franchisee's branch will be similar in all aspects to the other franchisor's branches.
The franchisor provides technical, operational, and managerial support to the franchisee. The franchisee pays an initial fee and a percentage of monthly sales to the franchisor to open a franchise business.
Earning a degree can be expensive but which example shows why it might be worth it?
(financing higher education)
Answer:
Earning a degree can be expensive but it can almost guarantee you great job opportunities and great job opportunities can provide great income, and other benefits.
Explanation:
11. What does a bank use to make loans? *
12. What is an action by the Fed that would promote an expansionary policy?
13. What is an action by the Fed that would promote a contractionary policy
Explanation:
11.
Banks use depositors' money to make loans
12.
A central bank, such as the Federal Reserve in the U.S., will use expansionary monetary to strengthen an economy.
13.
Contractionary policies are macroeconomic tools designed to combat economic distortions caused by an overheating economy.
Identify the financial statement where these decision makers can find the following information about Flurry, Inc. In some cases, more than one statement will report the needed data.
a. Ending cash balance Balance sheet and Statement of cash flows
b. Adjustments to reconcile net income to net cash provided by operations Balance sheet
c. Common stock Balance sheet
d. Total assets Balance sheet
e. Net income
f. Revenue Balance sheet Income statement Statement of cash flows Statement of retained earnings
g. Income tax payable
Answer:
a. Ending cash balance
You can find the ending cash balance in both the balance sheet and the statement of cash flows.
b. Adjustments to reconcile net income to net cash provided by operations
You can find this information in the statement of cash flows (under cash flows from operating activities).
c. Common stock
You can find this information in the balance sheet and the statement of stockholders' equity.
d. Total assets
You can find this information in the balance sheet
e. Net income
You can find this information in the income statement and the statement of cash flows (under cash flows from operating activities).
f. Revenue
You can find this information in the income statement.
g. Income tax payable
You can find this information in the balance sheet. Total income tax liability can be found int he income statement but it doesn't show us the unpaid amount. Also, the statement of cash flows shows us how this account changes from one year to the next.
What is professional education? Show the relationship between education
and profession
What is main works of dentist? What does pharmacist do in the field of
medicine?
ByDefine engineering. Write down any four importance of engineering
What is tourism? Write academic qualification to be a hotel manager,
state any four occupations in public service sector. Explain any one of them
introduce the term auditing. Mention it's types and state importance
D Define local technology. Write any two importance of local technology
Pull mark
1) An educational process or program that develops individual to acquire special competencies for professional practice.
relationship between education and profession is that if we have not education we can't get0
+50 pts Which examples demonstrate common Therapeutic Services workplaces and employers? Check all that apply.
Reiko owns and operates her own private chiropractic practice.
Barney performs experiments in a research laboratory at a university.
Harmony assists with surgeries in a nonprofit community hospital.
Lionel listens to audio recordings and transcribes them in his home office.
Piper prepares food for customers in a restaurant.
Ian helps patients with basic tasks in their own homes.
Answer:a, c, f
Explanation:just got it right on edge
The following examples demonstrate common Therapeutic Services for workplaces and employers.
Reiko owns and operates her own private chiropractic practice.Harmony assists with surgeries in a nonprofit community hospital.Ian helps patients with basic tasks in their own homes.The correct options are A, C, and F.
What is the difference between therapy and therapeutics?An expert in mental health must be present and collaborating with you for something to be deemed "therapy." Even though the effects of therapy might be therapeutic, only the time spent with the mental health counselor actually counts as therapy.
To address an identified health issue, therapeutic procedures are carried out. The administration of prescription drugs, surgical procedures, and psychotherapy are just a few of the diverse processes that they cover. You have the chance to examine your thoughts, feelings, and behavioral patterns by working with a psychologist, therapist, or counselor in a therapeutic relationship. It can also assist you in picking up new coping mechanisms and methods to better handle the daily stresses and symptoms connected to your diagnosis.
Thus, the ideal selection is options A, C, and F.
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You are advising a local nonprofit on strategy. The nonprofit supports cancer research and relies entirely on donations. You recommend that the nonprofit engage in marketing activities. The executive director tells you that because it is a nonprofit that does not engage in selling activities and has a small budget, the nonprofit has no use for marketing. You disagree and explain that marketing is not just for for-profit organizations. You explain the different ways the nonprofit can engage in marketing without changing its practices or the mission. Which of the following marketing activities would be most feasible for this nonprofit?
A. Use inexpensive digital marketing tools to inform the community about an upcoming fundraising event.B. Purchase an advertisement in a state newspaper that is popular in the local community about the nonprofit.C. Engage in extensive marketing research to determine what its contributors want.D. Send out coupons for the organization's products in the local bulletin.E. Get volunteers to sell T-shirts and other items at the nonprofit's major events.
Answer:
E). Use inexpensive digital marketing tools to inform the community about an upcoming fundraising event.
Explanation:
The 'use of inexpensive digital marketing tools for informing the community regarding the approaching fundraising event' would be the most appropriate and feasible for the non-profit organization as it would be the most reasonable for the firm. A big-budget expense on marketing the event would neither be affordable due to the small budget nor beneficial for such an organization. Thus, using inexpensive digital marketing would publicize the event on an affordable budget and prove helpful in gathering good collections in the event. Hence, option E is the correct answer.
Acme Securities Inc. is registered as a broker-dealer in the State of Utah under the Uniform Securities Act. Acme wishes to begin charging customers a fee for managing accounts on a discretionary basis. Which statement is TRUE?
A. Acme Securities Inc. is prohibited from charging fees for managing customer accounts under the Uniform Securities Act
B. Acme Securities Inc. may charge a management fee as long as it does not discriminate among customers that have discretionary accounts and the charges are fair and reasonable
C. Acme Securities Inc. may charge a management fee if it registers in the State as an investment adviser and the charges are fair and reasonable
D. Acme Securities Inc. may charge a management fee in its legal capacity as a registered broker-dealer in the State as long as it remains in compliance with the provisions of the Uniform Securities Act
Answer:
C. Acme Securities Inc. may charge a management fee if it registers in the State as an investment adviser and the charges are fair and reasonable
Explanation:
From the question we are informed about Acme Securities Inc. which s registered as a broker-dealer in the State of Utah under the Uniform Securities Act. Acme wishes to begin charging customers a fee for managing accounts on a discretionary basis.
in this case the statement that is TRUE is "Acme Securities Inc. may charge a management fee if it registers in the State as an investment adviser and the charges are fair and reasonable"
The Uniform Securities Act can be regarded as a model law set up as a starting point as far as state-level securities regulation is concerned. The law was put in place so that securities fraud can be dealt with at the state level and render assistance to Securities and Exchange Commission (SEC) so that enforcement and regulation hold firmly.
Amara has taken out a fixed rate mortgage for $145,000 at 4.04% for 20 years or 240 months her payments are $882 what is the total cost of the loan
Answer:
Answer:
`175,200$
Explanation:
730x240= Answer
If Amara has taken out a fixed rate mortgage for $145,000 at 4.04% for 20 years or 240 months her payments are $882 what the total cost of the loan will be is $211,680
Using this formula
Total cost=Fixed rate mortgage years × Payments
Where:
Fixed rate mortgage years=20 years or 240 months
Payments=$882
Let plug in the formula
Fixed rate mortgage years=240 months×$882
Fixed rate mortgage years=$211,680
Inconclusion if Amara has taken out a fixed rate mortgage for $145,000 at 4.04% for 20 years or 240 months her payments are $882 what the total cost of the loan will be is $211,680
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Choose the option that best matches the description given. Extra funds set aside in a nonprofit human services organization are known as
Answer:
A). Prudent reserve
Multiple-choice options for this question.
A) .Prudent reserve B) Rainy day funds C) bonus pay
Explanation:
The prudent reserve is the amount of money set aside for use should donations decrease. Nonprofit human services organization uses the prudent reserve to meet operational expenses in periods of low contributions. Therefore, the prudent reserve is a form of a saving plan sufficient to cover expenses for several months.
The recommendation is that Nonprofit human services organizations should have prudent reserves to cover at least three months but not more than one year.
Answer:
Prudent reserve
Explanation:
Kaman Company purchased a building and land with a fair market value of $450,000 (building, $350,000 and land, $100,000) on January 1, 2024. Kaman signed a 20-year, 7% mortgage payable. Kaman will make monthly payments of $3,488.85. Round to two decimal places. Explanations are not required for journal entries.
Answer:
Journals :
Land $350,000 (debit)
Building $100,000 (debit)
Mortgage Payable $450,000 (credit)
Explanation:
The Land and Building is Initially measured at cost of acquisition not the fair market value. The cost of Acquisition in this case is the Present Value of the Mortgage Payable used to obtain the Property.
Step 1
Use the Time Value of Money Techniques to find the Present Value of the Mortgage.
Calculation of Present Value of the Mortgage
N = 20 × 12 = 240
P/YR = 12
PMT = - $3,488.85
I = 7 %
FV = $ 0
PV = ?
Using a Financial Calculator to Input the Values as above, the Present Value of the Mortgage will be $450,000.
Step 2
When Recording, apportion the Land and Building costs using their fair market value.
Land $350,000 (debit)
Building $100,000 (debit)
Mortgage Payable $450,000 (credit)
Desiree works 28 hours per week. She has a monthly income of $120 from investments. Desiree also plays in a band one night a week making $200. She has a total annual income of $49,696. Desiree wants to ask her boss for a raise so that next year she can have a total income of $51,880. Assuming the other incomes remain the same, how much of an hourly raise will Desiree need?
Answer:
$1.50
Explanation:
Desiree makes $120 per months from investments. The annual income from investments = $120 x 12
=$1,440
She play in band earning $200 per week. Annual income from the band will be = $200 x 52 weeks
=$10,400
If her total annual income is $49,696, then her annual income from her salary =$49,696 -( $1440 + $10,400)
=$49,696 -$11,840
=$37,856
weekly earnings will be $37,856 /52= $728
Hourly earnings will be $728 /28
=$26
Desiree wants to make $51,880 per year. Her income from investments and the band will remain the same.
She needs to earn $51,880 -$11,840 from her salary
=$40,040 per year
Her new weekly earnings will be $40,040 /52 =$770
New hourly earning = $27.5
Desiree should ask for a raise of( $27.5 -$26)
=$1.50
Craig was scheduled to attend a meeting about a new project, but the flu kept him at home. What can Craig do to catch up on the outcome of the meeting once he has recovered?
Answer:
Read the minutes from the meeting
Explanation:
At every formal meeting, there someone assigned to take minutes of the proceedings. The minutes detail the discussion and resolutions made at the meeting.
Once Craig has recovered, he should make efforts to get a copy of the minutes. By reading the minutes, Craig will be up to speed with the outcome of the meetings.
Select all that apply.
Common skills assessments administered during the employment interview process include:
none of the above
science
keyboarding
math
Answer:
Keyboarding and Math :)
Explanation: