Calculate the unknown amount required in each of the following five independent situations. The answer to the situation (a) is given as an illustration:
Account Beginning Balance Ending Balance Other Information
a. Cash $6,100 $5,250 Total Cash disbursed - $5,400
b. Accounts Receivable $8,500 $9,300 Services on account - $16,500
c. Notes Payable $15,000 $20,000 Borrowed funds by issuing note - $30,000
d. Accounts Payable $3,280 $1,720 Payments on account - $2,900
e. Stockholder's equity $32,000 $46,000 Capital Contribution - $5,000
Unknown Amounts Required
a. Total cash received: $4, 550
b. Total cash collected from credit customers: $__________
c. Notes payable repaid during the period: $__________
d. Good and services received from suppliers on account: $__________
e. Net income, assuming that no dividends were paid: $__________

Answers

Answer 1

Unknown Amounts Required

a. Total cash received: $4,550

b. Total cash collected from credit customers: $25,000

c. Notes payable repaid during the period: $5,000

d. Products and services obtained from suppliers in connection with: $5,180

e. Taking into account no dividend payments, net income is: $14,000

Steps for solving the unknown amounts:

a. Total cash received:

To find the total cash received, subtract the ending balance from the beginning balance and add the total cash disbursed:

$6,100 - $5,250 + $5,400 = $4,550

b. Total cash collected from credit customers:

To find the total cash collected from credit customers, subtract the ending balance from the beginning balance:

$9,300 - $8,500 = $800

Add the services on account:

$800 + $16,500 = $25,000

c. Notes payable repaid during the period:

To find the notes payable repaid during the period, subtract the ending balance from the beginning balance:

$20,000 - $15,000 = $5,000

d. Products and services obtained from suppliers in connection with:

To find the goods and services received from suppliers on account, subtract the payments on account from the beginning balance:

$3,280 - $1,720 + $2,900 = $5,180

e. Taking into account no dividend payments, net income is:

To find the net income, subtract the ending balance from the beginning balance and add the capital contribution:

$46,000 - $32,000 + $5,000 = $19,000

Net income assumes that no dividends were paid, so the answer is $19,000.

To know more about net income, tap here:

brainly.com/question/15570931

#SPJ4


Related Questions

According to the principle of ________, the financial obligation corporations have to others is limited to the company and does not extend to its shareholders. A) distributive justice B) compensatory justice
C) limited liability D) limited interest

Answers

Option (c), The limited liability concept states that a corporation's financial responsibility to others is restricted to the company and does not include its shareholders.

What does the phrase "limited liability" mean in relation to corporations?

A sort of organizational structure known as a limited liability company (LLC) protects owners from being held liable for the debts and losses of the business. In the event of a lawsuit or business failure, the liability is assumed by the company rather than the partners or shareholders that comprise the firm.

When an organization is legally structured as a limited liability company or partnership, its exposure to financial loss is limited to the sums invested in such entities (LLC). To put it another way, the owners' and investors' personal assets are not in danger if the business fails.

Learn more about limited liability concept: https://brainly.com/question/18912468

#SPJ4

As the regional manager of an accounting firm, Ruth is often required to attend ceremonial activities like attending a social function on behalf of the company or presiding at a farewell dinner of a departing employee. Which of the following is similar to the given scenario?
A. As a marketing manager, Aaron's accountability to the firm lies in seeking extensive information and remaining aware of crucial developments in the industry.
B. One of Naomi's responsibilities as a manager is to build contacts with important officials within and outside the industry.
C. As the dean of a business school, Jack is always present at official functions like commencement ceremonies and convocations to give away diplomas.
D. In his capacity as a manager, Dave is often required to solve conflicts within the organization.

Answers

Option c is correct.

As the dean of a business school, Jack is always present at official functions like commencement ceremonies and convocations to give away diplomas.

As the regional manager of an accounting firm, Ruth is often required to attend ceremonial activities like attending a social function on behalf of the company or presiding at a farewell dinner of a departing employee. In thia case Ruth is representing his office/organization.

Jack being the dean of the business school always has to be present at the different functions whether it be convocations to give away the diplomas or the commencement ceremonies. Both the cases are highly similar to each other where the representation of office is present.

To learn more about accounting firm:

https://brainly.com/question/28364190#

#SPJ4

A municipal dealer purchases securities. The securities are delivered on settlement date and the dealer finds that the wrong securities were delivered. The municipal dealer refuses the delivery of the securities by what action?

Answers

If a municipal dealer receives the incorrect securities on settlement date, he or she may reject the delivery and refuse to accept the securities.

What does the term "municipal corporation" mean?

Definition. a state-incorporated city, town, township, or county that has the power to manage local governmental affairs, such as creating a police force. The legislature of a state establishes municipal corporations and is also in charge of determining their existence, rights, and powers.

What are the duties of a municipal corporation?

It is a form of local self-government in metropolitan areas. It operates through efficiently organised departments and divisions. For instance, the Department of Education and the Housing Board Authority. People with experience and qualifications oversee each of these departments.

To know more about municipal corporation visit:

https://brainly.com/question/12167430

#SPJ4

At the time you are studying the material in this chapter, which phase of the business cycle do you think the U.S. economy is in? Justify your answer.

Answers

Currently, the US is in the late-cycle expansion phase with moderate recession risk.

What does expansion phase in business cycle means?

Expansion is the stage of the business cycle in which real GDP grows for two or more consecutive quarters, moving from a trough to a peak. Expansion is also known as an economic recovery when it is accompanied by an increase in employment, consumer confidence, and equity markets.

Expansions typically last four to five years, but they have been known to last anywhere from ten months to more than a decade. Investors can determine where we are in the business cycle by focusing on interest rates and capital expenditure.

Read more about expansion phase

brainly.com/question/13571061

#SPJ1

Which of the following are examples of how a project manager empowers their team? Select all that apply.
A. Allows team members to make some decisions for the project
B. Delegates project responsibilities
C. Asks team members to get approval before communicating directly with stakeholders
D. Uses team members' input in project planning and execution

Answers

The following are examples of how a project manager empowers their team:

Delegates project responsibilitiesUses team members' input in project planning and execution

What is a project manager?

A project manager is a professional who organises, plans, and implements projects while adhering to constraints like budgets and timelines. Leading teams, setting objectives, interacting with stakeholders, and seeing a project through to completion are all responsibilities of project managers. The project manager contributes to the success of the project whether it is developing a computer system, building a new building, running a marketing campaign, or launching a new product.

No two workdays (or two projects) are exactly the same because of the sheer variety of tasks. You might be managing team meetings, conducting interviews and hiring new employees, reallocating resources to pay an unforeseen expense, or updating stakeholders on the project's progress on any given day.

Learn more about project manager

https://brainly.com/question/15610382

#SPJ4

The trial balance summarizes all the account balances for the financial statements and shows whether total debits equal total credits. True O False

Answers

This statement is True, the trial balance summarizes all the account balances for the financial statements and shows whether total debits equal total credits.

Financial statements are a set of reports that provide information about a company's financial performance and position. They include the balance sheet, income statement, cash flow statement, and statement of changes in equity. The balance sheet provides a snapshot of a company's assets, liabilities, and equity at a specific point in time, while the income statement shows a company's revenue, expenses, and net income over a period of time.

The cash flow statement details the flow of cash into and out of a company, and the statement of changes in equity shows changes in a company's equity over time. Financial statements are used by stakeholders such as investors, creditors, and management to evaluate a company's financial health and make informed decisions. These statements are typically produced on a regular basis, such as quarterly or annually, and are subject to audit and compliance checks to ensure accuracy and reliability.

To learn more about Financial statements visit here:

brainly.com/question/29989878

#SPJ4

Which of the following scenarios represent(s) a major source of systemic risk? Check all that apply. The Financial Reform Act was passed in 2010 to provide stability to the financial system, and it mandated that financial institutions granting mortgages must conduct more thorough financial checks on lendees in an attempt to improve on standards that caused the credit crisis of 2008-2009 Origin Savings and Loan Association originate thousands of subprime mortgages that are then sold to commercial banks, securities firms, and other savings Institutions. Smallwood Bank, which is a fictional bank with only 100 deposit accounts among its members, fails one day and is unable to meet its obligations New Leat Investment Bank relles heavily on short-term debt to finance their operations and uses their holdings of mortgage-backed securities as collateral. Suddenly the prices of mortgage backed securities plummet, and they can no longer issue short-term debt to pay off the principal on maturing debt.

Answers

Origin Savings and Loan Association originate thousands of subprime mortgages that are then sold to commercial banks, securities firms, and other savings Institutions.

New Leat Investment Bank relies heavily on short-term debt to finance their operations and uses their holdings of mortgage-backed securities as collateral. Suddenly the prices of mortgage-backed securities plummet, and they can no longer issue short-term debt to pay off the principal on maturing debt.

What is a systemic risk?

Systemic risk refers to the risk of collapse of an entire financial system or the entire market, caused by the failure of a large financial institution or institutions. It has the potential to affect the overall economy and can spread from one financial institution to others, leading to a financial crisis.

Therefore, the correct answer is as given above

learn more about systemic risk: https://brainly.com/question/17217337

#SPJ1

__________ argued that senior managers of 20th century American railroads defined their business too narrowly, thus failing to create strategies to compete with airlines, barges, pipelines, and trucks.
O Theodore Levitt
O Peter Drucker
O John Naisbitt
O Purchase Decision

Answers

A) Theodore Levitt argued that senior managers of 20th-century American railroads defined their business too narrowly, thus failing to create strategies to compete with airlines, barges, pipelines, and trucks.

Theodore Levitt, a Harvard Business School professor, and marketing consultant, argued that senior managers of 20th-century American railroads defined their business too narrowly, thus failing to create strategies to compete with airlines, barges, pipelines, and trucks.

Levitt suggested that these managers should have seen themselves as being in the transportation business, rather than just the railway business, which would have allowed them to think more creatively about how to compete with other modes of transportation.

This idea was popularized in Levitt's famous Harvard Business Review article, "Marketing Myopia." Levitt's insights were groundbreaking and continue to influence thinking about how businesses should define their markets and strategy.

For more questions like Theodore Levitt click the link below:

https://brainly.com/question/30036526

#SPJ4

the purpose of a statement of cash flows is to provide information about the_____multiple choice question. A. income and related expenses during the period. B. cash receipts and cash disbursements during a period. C. assets, liabilities, and stockholders' equity used during the period. D. assets used during the period.

Answers

The purpose of a statement of cash flows is to provide information about the " income and related expenses during the period."

Hence, option (A) is correct.

A cash flow statement is an important tool for managing finances since it tracks an organization's cash flow. This statement is one of three major reports that assist determine a company's success (together with the income statement and the balance sheet).

Cash flow from operations consists of expenses incurred in the normal course of business. Payroll, cost of products sold, rent, and utilities are examples of cash outflows. When corporate activities are extremely seasonal, cash outflows might vary significantly.

A cash flow statement's objective is to present a complete picture of what occurred to a company's cash during a set time known as the accounting period.

For more questions on cash flows statements

https://brainly.com/question/735261

#SPJ4

____ theory proposes that consequences for behavior motivate employees to behave in predetermined ways. a. Equity b. Process c. Expectancy d. Reinforcement reinforcement

Answers

Reinforcement theory helps managers to understand how to encourage employees to perform better and how to decrease the occurrence of undesirable behaviors.

Option D. Reinforcement theory proposes that consequences for behavior motivate employees to behave in predetermined ways.

Reinforcement theory

Reinforcement theory suggests that employees are motivated to repeat behaviors that bring them rewards, while behaviors that do not bring rewards are less likely to be repeated. Reinforcement theory is based on the idea that rewards, such as: praise, bonuses, and recognition, can positively influence employee behavior and help to reinforce desired behaviors. Punishments, on the other hand, can be used to reduce or extinguish undesired behaviors.

Learn more about reinforcement theory: https://brainly.com/question/25961563

#SPJ4

A tensile test was performed on a metal specimen with a circular cross sec- tion. The diameter was measured to be 0.550 inch. Two marks were made along the length of the specimen and were measured to be 2.030 inches apart. This distance is defined as the gage length, and all length meas- urements are made between the two marks. The specimen was loaded to failure. Fracture occurred at a load of 26-Seepounds. The specimen was then reassembled, and the diameter and gage length w 0.430 inch and 2.300 inches. Determine the 30,000 pounds a. Utimate tensile stress-ikoirFracture (failure) stress in ksi b. Elongation as a percentage. c. Reduction in cross-sectional area as a percentage. 5-1 ere ured to be [modification] Use 30,000 pounds as the fracture load. a. [modification] Determine the stress at fracture(failure) instead of the ultimate tensilestress Also discuss if the ultimate tensile stress (or simply "Tensile stress" in AISC Manual) equal to/ more than the fracture (failure) stress, and explain why would be less than / d. [addition] If this specimen is obtained from a structural fastener, listed in AlSC Manual Table 2-6, which fastener materials are potential materials for the specimen; list all possible types of materials in terms of ASTM designations. Hint: use the discussion in part (a) above; and the tensile stress is listed in Table 2-6, but not the failure stress. [addition] From all the possible types of materials in part 'd' above, which one(s) are "Preferred" (most available in market) material. Explain what the use of the material(s) is for (ex. Conventional HS bolts) e. Partial answer key: (a) fracture stress (failure stress) : 126 ksi, (b) % elongation-13.3%, (c) reduction ofare 38.9% (d) F3125 Gr. A490 (one of the answers)

Answers

a. To calculate the ultimate tensile stress (UTS) and fracture stress, the following formulas can be used:

UTS = Load at Failure / Original Cross-sectional Area

Fracture stress = Load at Failure / Reassembled Cross-sectional Area

Original Cross-sectional Area = pi * (Diameter / 2)^2, where pi = 3.14159

Reassembled Cross-sectional Area = pi * (Reassembled Diameter / 2)^2

UTS = 30,000 pounds / (pi * (0.550 inch / 2)^2) = 174.84 ksi

Fracture stress = 30,000 pounds / (pi * (0.430 inch / 2)^2) = 126 ksi

The ultimate tensile stress is typically higher than the fracture stress because the material begins to deform plastically before it fails.

b. Elongation can be calculated using the formula:

Elongation = (Final Gage Length - Original Gage Length) / Original Gage Length * 100%

Elongation = (2.300 inches - 2.030 inches) / 2.030 inches * 100% = 13.3%

c. Reduction in cross-sectional area can be calculated using the formula:

Reduction in Area = (Original Cross-sectional Area - Reassembled Cross-sectional Area) / Original Cross-sectional Area * 100%

Reduction in Area = (pi * (0.550 inch / 2)^2 - pi * (0.430 inch / 2)^2) / (pi * (0.550 inch / 2)^2) * 100% = 38.9%

d. Based on the AISC manual Table 2-6, the specimen could be made of fastener materials including F3125 Gr. A325, F3125 Gr. A490, F3125 Gr. A449, F3125 Gr. A354 BD, F3125 Gr. A354 BC, F1852, F2280, and F2282. The preferred material would be F3125 Gr. A490 as it is most readily available in the market and used in high-strength applications such as structural steel connections.

learn more about tensile test at:

brainly.com/question/1309386

#SPJ4

According to tensile test  Reduction in area = (pi * (0.550 inch / 2)2 - pi * (0.430 inch / 2)2) / (pi * (0.550 inch / 2)2) * 100% = 38.9%

UTS equals Load at Failure / Original Cross-sectional Area

Load at Failure / Reassembled Cross-sectional Area = Fracture Stress

Pi = 3.14159, and the original cross-sectional area is calculated as pi * (diameter / 2)2.

Pi * (Reassembled Diameter / 2)2 = Reassembled Cross-sectional Area

UTS = 30,000 kg / (pi * (0.550 inch / 2) / 2) 2) = 174.84 ksi

Fracture stress is equal to 30,000 pounds divided by pi * (0.430 inch / 2), or 126 ksi. Due to the material's tendency to deform plastically prior to failure, the ultimate tensile stress is frequently larger than the fracture stress. (Final Gage Length - Original Gage Length) / Original Gage Length * 100% is the formula for elongation. Elongation is calculated as (2.300 - 2.030) / 2.030 x 100%, or 13.3%. The following formula can be used to compute a reduction in cross-sectional area: Reduction in area is calculated as follows: Reduction in area = (Original Cross-sectional Area - Reassembled Cross-sectional Area) / Original Cross-sectional Area * 100%, Reduction in area = (pi * (0.550 inch / 2)2 - pi * (0.430 inch / 2)2) / (pi * (0.550 inch / 2)2) * 100% = 38.9% The specimen could be manufactured of fastener materials such as F3125 Gr. A325, F3125 Gr. A490, F3125 Gr. A449, F3125 Gr. A354 BD, F3125 Gr. A354 BC, F1852, F2280, and F2282, according to AISC handbook Table 2-6. The material that is most commonly available on the market and employed in high-strength applications, such as structural steel connections, would be F3125 Gr. A490.

learn more about tensile test from

brainly.com/question/13260260

#SPJ4

trying to prepare a budget, gerald has done research and found that he spends an average of $110 on his phone/internet/cable service, $284 on his electric bill, and $212 on his health insurance premium. if he earns $2700 per month, estimate the amount of money he will have after paying these bills each month.

Answers

If  he earns $2700 per month, the estimated amount of money he will have after paying these bills each month is $2094.

How to find the estimated amount?

To estimate the amount of money Gerald will have after paying his bills each month, we need to subtract his expenses from his monthly income:

Estimated amount = $2700 - $110 - $284 - $212

Estimated amount = $2094

So, Gerald will have approximately $2094 left after paying his phone/internet/cable service, electric bill, and health insurance premium each month.

Therefore $2094 is the estimated amount.

Learn more about estimated amount here:https://brainly.com/question/28416295

#SPJ1

first, the profits are taxed once by the corporate income tax when the corporation earns profits and then taxed for a second time by the personal income tax when the corporation uses its profits to pay dividends to its shareholders. T/F

Answers

True. When corporate profits are distributed as dividends to shareholders, they are taxed both at the corporate level and once more as personal income.

Who are shareholders in your company?

A person or organization that has contributed funds to a corporation in return for a "share" of ownership is referred to as a shareholder. Common or preferred publicly announce by the corporation and maintained (i.e., owned) by shareholder serve as a representation of that ownership.

What is the distinction between being an owner and a shareholder?

Both the words stockholder and shareholder relate to the holders of shares in a firm, making them co-owners of the enterprise. Therefore, you can refer to firm ownership using either phrase because they both refer to the same thing.

To know more about shareholder visit :

https://brainly.com/question/29803660

#SPJ4

which of the following activities poses the greatest personal cybersecurity risk? responses making a purchase at an online store that uses public key encryption to transmit credit card information making a purchase at an online store that uses public key encryption to transmit credit card information paying a bill using a secure electronic payment system paying a bill using a secure electronic payment system reserving a hotel room by e-mailing a credit card number to a hotel reserving a hotel room by e-mailing a credit card number to a hotel withdrawing money from a bank account using an automated teller machine (a

Answers

Purchasing a chair by emailing a credit card number to the chair owner activities poses the greatest personal cybersecurity risk.

Organizations are increasingly prioritizing cybersecurity risk as they embrace digital transformation and use cutting-edge technology solutions to boost productivity and drive business growth. Many businesses are also becoming more dependent on third- and fourth-party vendors and programs. These resources can help businesses succeed, but they also bring in new dangers and widen your digital attack surface.

Lack of a thorough understanding of the inherent risk that organizations assume when using these extra resources is one of the most frequent errors that organizations make. Organizations are better able to proactively manage and mitigate risks before they turn into bigger issues when everyone involved is aware of what to watch out for and what to do in the event of a problem.

To  know more about cybersecurity here

https://brainly.com/question/28004913

#SPJ4

Which of the following statements is true? Project management is being used at a consistent percentage of a firm's efforts. Project management is far from a standard way of doing business. Project management is increasingly contributing to achieving organizational strategies. Project management is a specialty that few organizations have access to. Project management is increasingly contributing to achieving organizational strategies.

Answers

The statement that true about project management is Project management is increasingly contributing to achieving organizational strategies. So the correct option is C.

In economic and business, The management generally can be defined as a single or group of individuals who challenges and oversees a person or collective group of people. The management has a function in efforts to accomplish desired goals and objectives. Management has a function and main role to  plan, organize, monitor and also direct individuals.

There are several types of management, such as classical management, scientific management, operations management, and also behavioral management. In the classical management, Prescribed universal procedures that are not appropriate in some settings.

Here you can learn more about management brainly.com/question/29023210

#SPJ4

Which of the following is not a scarce resource? A) Land B) Labor C) Capitol D) Entrepreneurship E) Stocks.

Answers

Option E -  Stocks  is not a scarce resource .Stocks are not a factor of production and therefore are not a scarce resource.

Stocks are not an element of production, therefore they are not a scarce resource. Land, labour, cash, and entrepreneurial skills are all in short supply. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of such resources to decrease. The resource may become less accessible to those who are least well-off, which may result in unsustainable growth and an increase in inequality. Given that there are only a limited number of both human and nonhuman resources, scarcity refers to the fundamental truth of existence.

Natural scarce resources are gold, oil, silver, and other fossil fuels. These resources might become rare and pricey when there is a demand that outdoes the supply.

For such more questions on scarce resource:

brainly.com/question/1581220

#SPJ4

assume this firm is in a constant-cost industry. for this firm to be in long-run equilibrium, the firm must be producing

Answers

the firm must be producing day to day life changing products or a high quality products so that firm can run in long and sustain.  

What's high quality products?

still, it'll generally be more precious, and will vend in lower volumes, If a high- quality product is one with superior performance or a large number of features. But if quality is defined as fitness for use, superior aesthetics, or bettered conformance, high quality need not be accompanied by decoration prices.

What's the illustration of product quality?

A good product would always have proper finishing without rough edges or poor visual quality. As an illustration, Phones of good companies are frequently satiny in design and have good figure quality and accoutrements used as compared to low quality phones

To know more about High quality products, visit: brainly.com/question/1150405

#SPJ4

DEBT OR EQUITY: Suppose Proton Lighting needs to raise money to finance its new manufacturing facility, but their CFO does not want to part with any of the firm's equity. In this case, Proton Lighting would likely issue WHAT securities to obtain the funding.

Answers

In this case, Proton Lighting would likely issue debt securities, such as bonds, to obtain the funding.

What are debt securities in issue?

Debt securities in issue are financial instruments issued by a company or government body to borrow money. They are typically issued in the form of bonds or notes and are used to finance operations or capital investments. Debt securities represent a debt obligation on the part of the issuer and entitle the holder to receive interest payments and the repayment of principal at maturity. Debt securities can be publicly traded or held privately. Publicly traded debt securities are listed on exchanges and are bought and sold like stocks, while privately held debt securities are typically held by a few large institutional investors.

Debt securities are important sources of capital for companies and governments, allowing them to access funds without having to issue equity.

To learn more about debt securities refer :

https://brainly.com/question/14000239

#SPJ4

Although there is no requirement concerning attire for the high school tennis team, the members all wear white clothing to competitions. This is an example of group
a. social statics. b. perspective. c. postivism d. conformity.

Answers

Despite no requirement, the members of the tennis team all wear white clothing to competitions. This is an example of conformity (option d)

Conformity is described in psychology as the act of modifying one's behavior, beliefs, or attitudes in order to fit in with other people.

Many people find conformity appealing since it is easier to follow what others are doing than to strike out on your own.

Some examples of conformity:

To blend in, a person going to work dressed in the same way as their coworkers.A college student uses drugs to avoid appearing 'boring' when many of their pals are taking it.To blend in with other passengers, a person walks through the airport like a zombie.Despite appreciating meat, a diner does not order it because they are surrounded by vegans.

Learn more about conformity here:

https://brainly.com/question/606515

#SPJ4

A major city in a particular state is a center for businesses that assemble personal computers. Components for these computers are manufactured elsewhere in the state and in other states, then shipped to this city, where the computers are assembled. An ordinance of the city imposes a special license tax on all of the many companies engaged in the business of assembling computers in that city. The tax payable by each such company is a percentage of the company's gross receipts. The state statute that authorizes municipalities to impose this license tax has a "State content" provision. To comply with this provision of state law, the city license tax ordinance provides that the tax paid by any assembler of computers subject to this tax ordinance will be reduced by a percentage equal to the proportion of computer components manufactured in the state. A prominent company assembles computers in the city and sells them from its offices in the city to buyers throughout the United States. All of the components of its computers come from outside the state. Therefore, the company must pay the city license tax in full without receiving any refund. Other city computer assemblers use components manufactured in the state in varying proportions and, therefore, are entitled to partial reductions of their city license tax payments. Following prescribed procedure, the company brings an action in proper court asking to have the city's special license tax declared unconstitutional on the ground that it is inconsistent with the negative implications of the commerce clause.
In this case, the court should rule

Answers

In this case, the court should rule that the city's special license tax is unconstitutional because it violates the Commerce Clause of the United States Constitution.

The Commerce Clause prohibits states from passing laws that impose a burden on interstate commerce. The city's ordinance imposes a special license tax on businesses that assemble computers in the city and sell them to buyers throughout the United States, regardless of the components used to assemble the computers.

This tax is based on the gross receipts of the business, which puts an undue burden on interstate commerce. The city's ordinance also has a provision that provides for a reduction in the tax for companies that use components manufactured in the state. This provision further discriminates against interstate commerce, as companies using components from other states are not receiving the same benefit as those using components from within the state.

Therefore, the court should rule that the city's special license tax is unconstitutional.

Learn more about the license excise tax:

https://brainly.com/question/12206357

#SPJ4

Recliner Company wants to verify that all of its accounts are in balance. Which of the following will be prepared for this purpose? a. Chart of accounts b. General ledger c. Trial balance d. Balance sheet

Answers

In order to verify the accounts of Recliner Company the Trial balance will be prepared that is option C is correct.

An organization always keeps a tract of its accounts. It also keeps tracts of all its expenses and revenue and the employees of the organization make sure that the entries are properly filled within the sheets that are prepared by the organization. In order to verify that all the accounts of the organization are in balance a Trial balance is prepared by the employees of the organization. It basically consists of two columns in which one contains the entries of debit and other contains the entries of credit. By using this trial balance one can easily track all the amount that is credited within the account as well as debited from the account. Thus this helps in verifying the account of organization.

Learn more about Trial balance at:

brainly.com/question/24914390

#SPJ4

What is meant by interest elasticity

Answers

Answer:

Interest elasticity means that demand for a financial product changes with changes in the interest rate.

Explanation:

The proportional change in the quantity of money demanded divided by the proportional change in interest rate.

Which of the following classifications is not used to categorize cash inflows and cash outflows on the statement of cash flows?

Answers

Spending is not used to categorize cash inflows and cash outflows on the statement of cash flows. A financial statement called a statement of cash flows details a company's cash inflows and outflows over a given time period.

This statement's objective is to reveal information about a company's capacity to produce and consume cash, which is crucial to the health of its finances. Cash flows that are directly tied to the company's primary operations, such as sales and expenses, are referred to as operating activities.

Cash inflows and outflows associated with investments in long-term assets like property, plant, and equipment are represented by investing activities. The term "financing activities" refers to the cash inflows and outflows associated with taking on or paying off debt, as well as issuing or repurchasing equities.

To learn more about cash flows:

brainly.com/question/29768594

#SPJ4

The share of the total FDI stock accounted for by which of the following countries increased markedly from 1980 to 2005?
A. United States
B. France
C. United Kingdom
D. Netherlands

Answers

The share of the total FDI stock accounted for by which of the following countries increased markedly from 1980 to 2005 in France.

The overall level of direct investment at a specific moment, often the end of a quarter or a year, is measured by foreign direct investment (FDI) stocks. 's in the's to's the's in the tres wards h s the

Foreign Direct Investment (FDI) flows to track the value of international direct investment transactions over a certain time period, often a quarter or a year. Equity transactions, earnings reinvested, and inter-company loan transactions make up the financial flows.

To learn more about investment

https://brainly.com/question/29974157

#SPJ4

the goal of shareholders wealth maximization can be consistent with the concern of social responsibility if management adopts policies that values in the market.

Answers

The goal of shareholders wealth maximization can be consistent with the concern of social responsibility if management adopts policies that values in the market was the based on the marketing capabilities on the Corporate social responsibility.

What is shareholders?

The term shareholder refers to a person to purchase the share of company stock. A shareholder represent the person, company, or institute. A company shareholder right to vote. A shareholder right to purchase company share and sale to another person, institute, or company. A shareholder is gaining profit and losses.

Shareholder's wealth maximization was the main objective of the company are the primary goal is raising its stock price. The value of the company in the increases are the social responsibility as per the market capabilities.

As a result, the significance of the shareholder are the aforementioned.

Learn more about on shareholder, here:

https://brainly.com/question/19054394

#SPJ1

Accountants, architects, and attorneys are among professional people who excel at managing projects yet never have the title of project manager

Answers

Individual projects are managed by project managers. Program leaders focus on long-term business goals; Project managers achieve concrete results in the short term.

Who are project managers?

A certified professional in the field is a project manager.. Regardless of the industry, project managers are in charge of organizing, planning, and carrying out any project that has a clear start and end and a defined scope. Before the matter rises to higher levels as a project representative, project managers are the first point of contact for any problems or conflicts from the leaders of different departments inside the firm. The task of supervising the project falls to the project manager.

Rarely does this body directly engage in results-producing activities; instead, it works to maintain the development, interaction, and tasks of the many partners in a way that lowers the total risk of failure, maximizes benefits, and minimizes harm and costs.

To learn more about  project manager refers to:

brainly.com/question/27995740

#SPJ4

When a country allows trade and becomes an exporter of a good,
A) the gains of the domestic producers of the good exceed the losses of the domestic consumers of the good.
B) the gains of the domestic consumers of the good exceed the losses of the domestic producers of the good.
C) the losses of the domestic producers of the good exceed the gains of the domestic consumers of the good.
D) the losses of the domestic consumers of the good exceed the gains of the domestic producers of the good.

Answers

When a country allows trade and becomes an exporter of a good B) the gains of the domestic consumers of the good exceed the losses of the domestic producers of the good.

When a country allows trade and becomes an exporter of goods, domestic producers of the good may face increased competition and have to lower their prices to stay competitive in the global market. This can lead to losses for these producers.

However, domestic consumers of the good benefit from access to lower-priced goods and increased variety, leading to an overall gain for the country as a whole. In this scenario, the gains of domestic consumers of the good exceed the losses of domestic producers of the good.

For more questions like Trade click the link below:

https://brainly.com/question/29770692

#SPJ4

Maria is an industrial engineer at a Toyota plant. Indicate how Maria should change her production plans in response to each change in market conditions.
a. An engine supplier decreases the price it charges Toyota by 50%.
As a result, Toyota's cost of production will decrease, and Toyota should increase its supply.
b. Workers unionize and demand a 12% across-the-board raise.
As a result, the cost of production will increase, and Toyota should decrease its supply.

Answers

Maria is an industrial engineer at a Toyota plant. Maria should change her production plans in response to each change in market conditions. A. An engine supplier decreases the price it charges Toyota by 50%.

What is production?

Producing goods and services to meet consumer demands is known as production. The method yields the final product. Land, capital, labour, and organisation make up the four components of production. Producing companies are referred to as producers by economists. These businesses produce goods to market to consumers. For instance, a garment business makes apparel for customers.

Hence the correct option is A) An engine supplier decreases the price it charges Toyota by 50%.

To know more about production here

https://brainly.com/question/28813267

#SPJ4

A constant-cost, perfectly competitive gadget industry is in long-run equilibrium. An increase in the number of consumers of gadgets will most likely result in
(A) higher short-run and long-run prices for gadgets
(B) reduced short-run profits, followed by the exit of some firms
(C) an upward shift in all short-run cost curves, followed by a higher long-run price for gadgets
(D) a higher short-run price for gadgets, followed by an increase in the quantity produced
(E) a decrease in the demand for gadgets, fo

Answers

Option (D), a higher initial price for devices followed by a rise in production volume, is the optimal course of action.

What does consumers mean in business?

Anyone who uses a service or a product is referred to as a consumer. The terms customer and consumer are frequently used interchangeably. This is not exactly true. A buyer of goods or services is referred to as a customer. They might or might not eat them.

Why is it called a consumer?

A consumer in an economy purchases products or services primarily for personal use rather than for resale or for commercial objectives. Consumers purchase goods or services with money (or an equivalent) and then use them (use up).

To know more about consumer visit :

https://brainly.com/question/24493504

#SPJ4

Employee ______________ occurs when employees are provided with the ability to take on responsibilities and make decisions regarding all aspects of product development or customer service.

Answers

Employee empowerment occurs when employees are provided with the ability to take on responsibilities and make decisions regarding all aspects of product development or customer service.

What is Employee empowerment?

Giving employees the authority, responsibility, and autonomy to make decisions and find solutions is a process known as employee empowerment. Only when a company thinks a worker is capable of making decisions is it feasible. The organisation aids them by providing the tools they need to carry out these choices.

They do not have management or their immediate supervisors controlling or interfering with their work. Employees are more likely to take responsibility for their actions, be more responsible, and put forth more effort to achieve their objectives when an organisation gives them more power. Employee motivation, skill use, and potential performance are the main goals of empowerment.

Learn more about employee empowerment

https://brainly.com/question/5891526

#SPJ4

Other Questions
what's civil engineering all about What is the magnitude and direction of the net force? 1. what are the two fundamental questions in developing an inventory policy? p=(mv+x)=q+zSolve for pSolve for v a 85-kg person is riding in a car moving at 19.5 m/s (assume this is the positive direction) when the car runs into a bridge abutment. this problem will illustrate why the invention of the airbag dramatically improved the safety of automobiles. Pls help- Using linear combination method find the solution to this system of equations. 4x+9y=9x3y=6Question 2- Using the substitution method, find the solution to this system of equations.3x+3y=4x+y=3 Question 12The winner of the 95th annual hotdog eating contest consumed 207 hotdogs (and buns!) in 10 minutes.You are determined to break this record, so you would have to consume 208 hotdogs and buns in 10 minutes.How many hotdogs would you have to eat every minute to beat the last winner?Type the number of hotdogs in the blank below (JUST the number).Assuming you eat at the average rate needed to win the contest, how many total hotdogs will you consume in two minutes?Type the number of hotdogs in the blank below (JUST the number).Assuming you eat at the average rate needed to win the contest, how many total hotdogs will you consume in three minutes?Type the number of hotdogs in the blank below (JUST the number). Which is a complication that may develop in the child with hypospadias with chordee?A. Renal failureB. Testicular cancerC. Testicular torsionD. Sexual difficulties the time it takes a wholesaler to fill an order follows a uniform distribution from three to six days what is the probability that they will fill an order between day 3 and 5? What are standing waters & give two examples. PLEASE HELP!! Marie Curie was the first woman to receive the Nobel Prize for her work onA. antibioticsB. radiationC. nuclear fusionD. special relativity Alice and Bob are strangers. Alice wants Bob to send her a private message A and be able to verify the integrity of the message. What should Bob do? (h() is a hash function and assume both Alice and Bob knows h()). Bob generates an encryption key k and relies on PKI to send Alice X, Y, H where Y=PubE(bob- pri,k), X=SymE(k,A), H=PubE(alice-pub, h(A)). A. This works.B. This does not work because this message can be read by anyone.C. This does not work because Alice cannot verify Bob's public key D. This does not work because Alice cannot have access to the encryption key k Which inference can be best made from this text from the passage?"Well then, I'll ask you this: if tomorrow every slave in the South had his freedom and comeup North, would yore abolitionists git the crocodile tears sloshed out of their eyes so theycould take the black man by the hand?"O Wilse is suggesting that the people in the North who claim they want to end slavery are not fullyprepared to help African-Americans afterward.Wilse is suggesting that the people in the North will soon find that their concern for the black manhas assisted in ending slavery.Wilse is suggesting that the conflict between the North and South has caused sorrow for both blackand white men in the nation.Wilse is suggesting that the conflict between the North and South hascaused sorrow for both black and white men in the nation.Wilse is suggesting that slavery will end at some point and black men will be able to travel North tofind work. A city of 6000 population has an average water use of 110 gallons per person per day. Compute the average total rate of use in cubie feet per second and in gallons per minute. (1 eu ft- 7.48 gal.) what could they have tested to see what eric miller had ingested in the past five years? A thin plastic lens with index of refraction n = 1.66 has radii of curvature given by R1 = ?11.5 cm and R2 = 45.0 cm.(a)Determine the focal length in cm of the lens.cm(b)Determine whether the lens is converging or diverging.a)convergingb)divergingDetermine the image distances in cm for object distances of infinity, 4.00 cm, and 40.0 cm.c)infinity ___ cm(d)4.00 cm____ cm(e)40.0 cm____ cm freshdirect could have minimized the challenges experienced after the move from queens to the bronx by Anna want to ell toy car at a craft fair for $ 12 each. The material for each car cot $ 3. 50 and the table rental at the fair i 34 dollar for the day. How many car mut anna ell for her revenue to equal her expenence One of the major reasons that ion channels are used to propagate an action potential down an axon rather than to move the ions across the membrane with another type of transporter (such as a Na+/K+ antiporter) is________. Choose the inequality represented in the graph.