The balance of retained earnings at the end of each year is $50,000, $110,000, $175,000, $250,000, and $337,500, respectively.
Year 1: (Net Income - Dividends) = 0 + Retained Earnings = 0 + (100,000 - 50,000) = 0 + 50,000 \s= $50,000
Retained Earnings in Year 2 are equal to $50,000 plus (Net Income - Dividends) ($120,000 - 60,000) ($50,000 + 60,000) ($110,000).
Retained Earnings in Year 3 are $110,000 plus (Net Income - Dividends) at $110,000 plus (130,000 - 65,000) at $110,000 plus 65,000 at $175,000 each year.
Retained Earnings in Year 4 are 175,000 plus (Net Income - Dividends) which is 175,000 plus (150,000 - 75,000) which is 175,000 plus 75,000 which is $250,000.
Retained Earnings in Year 5 are equal to 250, plus (Net Income - Dividends) 250, plus (175,000 - 87,500) 250, plus 87,500, which comes to $337,500.
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Unity Prax is a manufacturer of bronze sculptures. It obtains copper ore from the Pima County in Arizona. In this scenario, the copper ore obtained by Unity Prax can be classified as _____.
A) human resources
B) capital resources
C) natural resources
D) man-made resources
Unity Prax is a manufacturer of bronze sculptures. It obtains copper ore from Pima County in Arizona. In this scenario, the copper ore obtained by Unity Prax can be classified as natural resources.
Natural resources are substances obtained from the planet that are utilised to sustain life and provide for human needs. A natural resource is something that comes from nature that humans use. Natural resources include things like stone, sand, metals, oil, coal, and natural gas. Air, sunshine, soil, and water are examples of other natural resources.
The two types of natural resources are typically renewable and non-renewable. The former describe resources that have the capacity to regenerate throughout time. These include both live and non-living resources, such as wind, water, and solar energy, such as forests.
In essence, we refer to these resources as "natural" resources because they are items that human civilization consumes that were produced (or, in the case of fossil fuels, were produced) without human involvement.
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The new york stock exchange is an example of a ___. ____ allow us to buy and sell financial instruments quickly and cheaply
A financial market is an example of the New York Stock Exchange.
What is financial market?A financial market is a market in which financial securities and derivatives are traded at low transaction costs. Stocks and bonds are examples of securities, as are raw materials and precious metals, which are known as commodities in the financial markets.Financial markets encompass any location or system that allows buyers and sellers to trade financial instruments such as bonds, equities, various international currencies, and derivatives. Financial markets facilitate the interaction of those in need of capital and those with capital to invest.Financial markets may appear perplexing, but their primary purpose is to bring people together so that money flows where it is most needed. Markets provide financing for businesses so that they can hire, invest, and grow.To learn more financial market refer to :
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How are the money supply and inflation related? And what does the Federal Reserve have to do with this relationship?
Inflation may happen as a result of the Federal Reserve expanding the money supply. Most of the time, when the Fed tries to stimulate the economy by increasing the money supply, prices will rise, the cost of goods will be unstable, and inflation will likely occur.
What is the relationship between the money supply and inflation?
The Fed controls the money supply by increasing or decreasing the monetary base. The size of the Federal Reserve's balance sheet is tied to the size of the monetary base, which is made up of the money in circulation plus the deposit balances held by depositary institutions. If, under normal economic conditions, the money supply grows faster than real output, this leads to inflation. However, as the economy recovers and velocity increases, the increase in the money supply is likely to cause inflation. The Fed can affect the money supply by changing reserve requirements, which generally refer to the amount of money banks are required to hold for deposits in bank accounts.
Lowering reserve requirements allows banks to lend more money, increasing the total money supply in the economy.
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when cells divide or multiply, the dna must be copied, or replicated. all known organisms replicate their dna by a method known as semi-conservative replication, in which each of the two strands of the parent dna becomes part of the daughter dna. part a complete the following vocabulary exercise related to dna replication. match the words in the left-hand column with the appropriate blank in the sentences in the right-hand column.
The DNA must be copied, or reproduced, for cell division or growth. Semi-conservative replication is a technique used to duplicate DNA in all known species.
A double-stranded DNA molecule is copied in the DNA replication process to create two identical DNA molecules. The need for replication arises from the fact that every time a cell splits, the two daughter cells must share the same genetic material, or DNA, as the parent cell.
Two helices would be produced via conservative replication, one of which would contain only old DNA and the other just brand-new DNA. The established hypothesis of DNA replication is semiconservative replication, which results in two helices with an old strand and a new strand in each.
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Oren manages a medium-sized logistics firm. While earning his MBA, Oren became aware of how many managerial decisions can be based upon evidence found in academic studies. This is an application of _____ approach to management. Multiple Choice the country club the office politics the behavioural science a Theory X
This is an application of the management strategy based on behavioural science. The behavioural science method is founded on the notion that management choices.
The relevance of comprehending employee behaviour and motivation in the workplace is emphasised by the behavioural science approach to management. This strategy is predicated on the notion that a lot of administrative choices ought to be supported by data from academic studies and research in the areas of psychology and sociology. This strategy aims to enhance organisational performance and decision-making by uncovering the motivations that underlie behaviour in the workplace. This may entail putting motivational programmes into action, making a supportive workplace, and coming up with efficient communication techniques. The behavioural science method is distinct from other management philosophies, such as autocratic or laissez-faire approaches, which could place a greater emphasis on a business's technical management.
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Which of the following statements is (are) correct regarding the effect of debiting or crediting accounts? (Check all that apply.) A. To increase the owner, Capital account you would debit it. B. To increase an expense account, you would debit it. C. To reduce Accounts payable, you would debit it D. To increase a revenue account, you would debit it. E. To increase the Withdrawals account, you would debit it F. To decrease an asset, you would credit it. G. To reduce Cash, you would credit it.
You would credit Cash to decrease it. You would debit the Withdrawals account to make more money available. You would debit Accounts Payable to lower it. You would debit an expense account to add money to it. You would credit an asset to lower it.
Account impact of debits and creditsDebits result in a value addition to the accounts for assets, expenses, and losses. Credits raise the worth of the equity, liability, revenue, and gain accounts. Using debit and credit balances, a corporation's revenue statement, balance sheet, and other financial documents are produced.
An expense account is essentially raised by a debit in the income statement, whereas it is actually decreased by a credit. There are intrinsic credit balances in the accounts for obligations, revenues, and equity. One of these accounts experiences a decrease in balance each time a debit is made to it.
What does it mean to credit and debit a balance?A debit entry for an account documents a value transfer into the account, while a credit entry documents a value transfer out of the account. Every transaction involves the transfer of funds from credited to debited accounts.
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a professional soccer team purchased equipment from a sporting goods manufacturer on credit. when the team failed to make timely payments, the manufacturer brought an action in federal district court to recover the unpaid balance due. prior to trial, the team and the manufacturer arrived at a settlem
No, because the legitimacy of the service is unaffected by the failure to provide proof of service.
A process server is required by law to provide the court with proof of service unless legal service is waived. However, the legitimacy of the service is unaffected by the lack of proof of service.
Because a defendant typically has 21 days following service of business to submit an or before dismissal motion for inadequate service of process, answer options B is untrue. Here, the defendant was served with the paperwork just 20 days ago.
There is no deadline for submitting proof of service according to federal regulations. In this case, the fact that the process server is the lawyer's spouse does not prevent him or her from serving the defendant with legal papers.
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Which of the following statements is not true about a short sale? multiple choice question. with a short sale, the order is reversed. first, you sell and then you buy the shares. you begin and end with no shares. a short sale allows investors to profit from a decline in a security's price. the short-seller anticipates the stock price will go up, and the shares will be purchased later at a lower price than it initially sold for. short-sellers must not only replace the shares but also pay the lender of the security any dividends paid during the short sale.
Out of the given statements, ''the short-seller anticipates the stock price will go up, and the shares will be purchased later at a lower price than it initially sold for,'' is not true regarding a short sale. Therefore, the option D holds true.
A short sale can be usually taken into the understanding as a market order wherein the person sells shares in the first place in an anticipation that the prices will further go down. And thus, when the prices go down, he or she buys the shares, and the difference in price decrease represents the profit earned by the investor.
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tim is writing a script for a new television series. beginning in day 2, he realized he was writing at a constant rate. he recorded the number of days he spent writing and the total pages written in the following tableplete the equation below to represent the total number of pages, y, written over x days during the first 5 days tim spent writing.
The final equation representing the total number of pages written over x days during the first 5 days Tim spent writing is y = 6.67x - 3.34.
What is linear equation ?A linear equation is a mathematical expression that defines a straight line relationship between two variables, typically represented by x and y.
To complete the equation representing the total number of pages written over x days during the first 5 days Tim spent writing, we can use the slope-intercept form of a linear equation, y = mx + b, where m is the slope (representing the constant rate of writing) and b is the y-intercept (representing the starting number of pages written on day 0).
From the table, we can calculate the slope as:
(number of pages written on day 5 - number of pages written on day 2) / (number of days between day 5 and day 2) = (30 - 10) / (5 - 2) = 20 / 3 = 6.67
So, the equation becomes:
y = 6.67x + b
To find the y-intercept, b, we can use the information from the table for a specific point, such as day 2:
10 = 6.67 * 2 + b
Solving for b, we get:
b = 10 - 6.67 * 2 = -3.34
So, the final equation representing the total number of pages written over x days during the first 5 days Tim spent writing is:
y = 6.67x - 3.34
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which of the following events could increase the cost of money? check all that apply. the federal deficit increases the federal reserve sells treasury securities to banks the federal deficit decreases the federal reserve purchases treasury securities held by banks
Events like the following could make money more expensive: Banks purchase Treasury securities from the Federal Reserve. Decrease in the Federal Deficit. These occurrences can increase the cost of money.
The cost of money is the fee associated with borrowing money. It is sometimes referred to as the interest rate in the financial industry. The cost of borrowing has a significant impact on both personal and company borrowing decisions. It is influenced by a number of variables, such as market circumstances, inflation, economic growth, and monetary policy. The Federal Reserve significantly affects the cost of money by regulating the money supply and interest rates through its monetary policy. The economy can be significantly impacted by changes in the cost of money, which can have an effect on anything from consumer purchasing to investment choices.
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review strategic plan of world bank and give concrete suggestion
Answer:
Explanation:
The World Bank Group (WBG) has developed a new
Strategy focusing on the ambitious goals of ending
extreme poverty and promoting shared prosperity. It is
committed to helping countries reach these goals in a
sustainable manner.
The new Strategy is the first encompassing all four
principal agencies working together as One World
Bank Group: the International Bank for Reconstruction
and Development (IBRD), the International Development
Association (IDA), the International Finance Corporation
(IFC), and the Multilateral Investment Guarantee
Agency (MIGA).
The Strategy lays out how the World Bank Group will
reposition itself, based on a value proposition to best
serve the development community in pursuit of the two
goals. The WBG will focus on customized development
solutions and align all its activities with the two goals;
work more in partnership with others, including the
private sector; and significantly increase collaboration
across its agencies.
Implementation of the Strategy will require organizational
change and a new framework for medium-term financial
sustainability to ensure that the World Bank Group’s
resources are commensurate with its responsibilities on
behalf of the international community. Once translated
into action, the Strategy will reinforce the WBG’s role as
the world’s unique global development institution that
helps affect transformational change for the nearly
4 billion people still living in or close to the edge of
extreme poverty.
10. estate liquidity maximum points: 8 which one of the following actions would be the most appropriate for the jeffersons take now to plan for their estate liquidity? provide two cons for each action you do not select, and three pros for the action you recommend.
The installment sale would provide the Jeffersons with the liquidity they need to pay off their mortgage and other debts, as well as to fund their retirement.
What is Estate Liquidity?
The assets in your estate that are readily available to your executor in cash form or that, in an emergency, may be quickly turned into cash are referred to as liquid assets.
An asset that can be used to access cash quickly is a check, a current account with a positive balance, or a savings account.
Hence, the best solution for them for estate liquidity would be to take the installment sale option.
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Jaylen and Avery Jefferson Jaylen and Avery Jefferson have come to you, a financial planner, for help in developing a plan to accomplish their financial goals. You are a Series 7 general securities representative and hold insurance licenses for life and health insurance and variable contracts. The Jeffersons have great hope for their future. However, after having a conversation about investing with one of their neighbors, they have recently realized that they are not as financially comfortable as they would like to be at this point in their lives
Debit Miscellaneous Expense 12Credit Cash in the Bank 12 A bank service fee of $12 was charged to the Abrams Tree Service account and appearedon its bank statement.
A debit of $12 is made to the Miscellaneous Expenses account and a credit of $12 is made to the Cash in the Bank account in this double-entry accounting entry. The transaction shows a bank service charge made to the account for Abrams Tree Service.
What is Miscellaneous Expense account?Miscellaneous or modest expenses that don't fit into another specified expense account are recorded in the Miscellaneous Expense account, a form of general ledger account. Even though these costs are sometimes tiny, sporadic, and difficult to classify, they must nonetheless be recorded for correct financial reporting.
Subscriptions, membership dues, professional dues, bank fees, small equipment purchases, and other expenses that don't fit into any other specified account are some examples of miscellaneous expenses.
The Miscellaneous Expense account is crucial because it offers a place to collect all of these small expenses, preventing their omission or underreporting. The company's entire financial performance can then be tracked using this data, and future expenditure decisions may be made with confidence.
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When we record a journal entry in the General Journal
Select one:
a. We should first record the account whose balance we are increasing followed by the account whose balance we are decreasing.
b. We typically would exclude the date on which the transaction occurred.
c. We should first record the account that we are debiting followed by the account that we are crediting
d. We should first record the account whose balance we are decreasing followed by the account whose balance we are increasing.
The correct answer is (C), The account that is being debited should be entered first, then the account that is being credited.
What is a general journal in accounting?A general journal is a volume of unedited commercial transactions listed in date-by-date chronological sequence. It is the initial location where a transaction is noted. After that, the funds are deposited to the relevant accounts, such as accounts receivable, cash, or asset accounts.
Is general journal a ledger?Every recorded transaction is summarized in the general ledger, whereas the general journal holds the actual entries for the majority of low-volume transactions. Whenever an accounting transaction takes place, it is initially entered in a journal in the accounting system.
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A DRE investigator has the authority to immediately issue
A DRE investigator is qualified to issue a citation right away.
A citation is what?A citation is used to identify a source of information that was used in your study. Any direct quotations, rephrased statements, or summaries of another person's ideas that you utilize in your writing must be followed by an in-text citation. An in-text citation is a brief reference to a longer note or citation that appears at the conclusion of your essay or presentation and provides the reader with all the details they require to understand the information source.
To tell your readers that a specific portion in your writing was borrowed from another source, use a "citation" in your writing. Furthermore, it gives your readers the information they require to find the location details for that source on the reference or Works Cited page. Each citation must be included in a pair of parenthesis.
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Which of the following was NOT among the reasons that many Americans felt ambivalence toward economic and social changes that were occurring in the North and Old Northwest in the United States in the mid-nineteenth century?
A. While supporting education as a means to economic growth, many Americans also firmly believed in its social value as a place to mold student character and promote virtuous habits.
B. While Americans welcomed economic progress, many also feared its unsettling results.
C. Many worried that rapid change undermined the American family and turned children into barbarians.
D. Americans no longer followed Benjamin Franklin's message of hard work.
Option D : Americans stopped emulating Benjamin Franklin's work ethic. Ambivalence is the state of experiencing contradictory or confused emotions in relation to a specific circumstance, person, or choice.
It is a circumstance in which a person is torn between having positive and negative feelings about a subject and finding it difficult to decide or adopt a firm position. Ambivalence can develop when there are many variables to take into account, when many personality traits are at odds, or when a person has opposing values or beliefs. People who struggle to make decisions and settle their competing emotions can experience stress and anxiety as a result. As people take the time to consider their values and beliefs and make more informed judgements, it can also be a chance for personal growth.
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When an index return equals the weighted average of the returns of each component security, with weights proportional to outstanding market value, it is referred to as a market ________________ ________________ index.
To get the weighted average, add the results after dividing each value by its weight. Add the weights of each variable separately.
Calculation: The price-weighted index is [($16 + $61 + $38/3). - [($21 + $49 + $37 / 3)] 7.48 percent equals (($21 plus $49 plus $37/3)) What does "weighted" actually mean? Weighted We designed and structured "we" (plural "we. td") in a way that is more likely than not to result in a particular outcome, usually an advantage: Higher educated people are favoured by the system, which is biased in their favour. Just how are the weights determined? To get the weighted average, add the results after dividing each value by its weight. Add the weights of each variable separately, multiply the result, then divide by the total weights if the numbers do not even add up to one.
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on december 31, 2008, pico acquired $250,000 par value of the outstanding $1,000,000 bonds of its subsidiary, sico, in the market for $200,000. at that date, sico had a $100,000 premium on its total bond liability. assume each company maintains its premium or discount in a separate account. which one of the following will be the intercompany bond elimination entry made on the december 31, 2008 consolidating worksheet? A.
DR: Bonds Payable
Discount on Bond Investment
Loss on Constructive Retirement
CR: Investment in Bonds
Premium on Bonds Payable
B.
DR: Bonds Payable
Premium on Bonds Payable
CR: Investment in Bonds
Discount on Bond Investment
Gain on Constructive Retirement
C.
DR: Bonds Payable
Premium on Bonds Payable
Discount on Bond Investment
CR: Investment in Bonds
Gain on Constructive Retirement
D.
DR: Investment in Bonds
Gain on Constructive Retirement
CR: Bonds Payable
Premium on Bonds Payable
Discount on Bond Investment
The entry made on the December 31, 2008 consolidating worksheet would be as follows:
DR: Bonds Payable $250,000Premium on Bonds PayableCR: Investment in BondsDiscount on Bond InvestmentGain on Constructive RetirementThe correct answer is B.
When each company maintains its premium or discount in a separate account, the entry made to the parent’s account would be to debit the Bonds Payable for the purchase price and credit the Investment in Bonds for the same amount. The premium or discount would then be recognized in the separate account as a deferred charge or deferred credit, and the balance would be amortized over the life of the bond.
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the agent of a broker-dealer registered in state a, sells unregistered non-exempt securities to customers in state a. these customers lose a substantial sum of money on the investment. which statement is true? a the administrator of state a can arrest the agent within the boundaries of state a for violating the provisions of the uniform securities act b the purchasers of the issuer can initiate a civil lawsuit in a court of law in state a to recover their losses c the administrator can initiate a criminal lawsuit in a court of law in state a to recover investor losses d no violation of the uniform securities act has occurred as long as no sales of this security occurred outside of the boundaries of state a
B is true, as stated. There is no mention of the agent "knowingly" selling unregistered non-exempt securities to State customers, hence only civil culpability is present in this situation. Any buyer of the security has a right to bring a claim against the seller to recoup their losses. For Act violations, the Administrator is not authorised to make arrests. An arrest warrant, however, must be issued by a court of law.
In the world of finance, investing is done in order to profit from the asset being put to use. The return could be in the form of a profit or loss from the sale of an investment or piece of real estate.
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Which of the following monetary policy actions by the Federal Reserve would result in an appreciation of the United States dollar?
The amount of money in circulation in the US economy declines as a result of the FRB selling bonds and taking it out of people's hands. Because of this, the demand for imports falls, which strengthens the US dollar. It follows that this is the best choice.
One important tool the Federal Reserve uses in the conduct of monetary policy is open market operations (OMOs), which are the buying and selling of assets by a central bank in the open market. The Federal Open Market Committee determines open market operations' immediate goal (FOMC).
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The complete question is:
Which of the following monetary policy actions by the Federal Reserve would result in an appreciation of the United States dollar?
Which of the following Federal Reserve actions could lead to an appreciation of the U.S. dollar?
An increase in the monetary base
A discount rate decrease
A required reserve ratio reduction
A sale of government bonds
A purchase of government bonds
Investment by Shareholders. Bekele and Almaz decides to open a computer programming service which he names software engineering company On May 1, 2010, they invest Birr 45,000 cash in exchange for Birr 45,000 of ordinary shares. On May 3 2010 Purchase of Equipment for Cash. Software Engineering Company purchases computer equipment for Birr 10,000 cash. On May 6 2010 Purchase of Supplies on Credit. Software engineering company purchases for Birr 3,600 from snap Supply Company computer paper and other supplies expected to last several months. The purchase is on account. Group Assignment On May 8 2010 Services Provided for Cash. Software Engineering Company receives Birr 3,500 cash from customers for programming services it has provided. On May 12 2010 Purchase of Advertising on Credit. Software Engineering Company receives a bill for Birr 500 from the Daily News for advertising but postpones payment until a later date. On May 15 2010 Services Provided for Cash and Credit.. Software Engineering Company provides Birr 8,500 of programming services for customers. The company receives cash of, Birr 5,000 from customers, and it bills the balance of Birr 3,500 on account. On May 27 2010 Payments of Expenses. Software Engineering Company pays the following expenses in ca for September: store rent Birr 700, salaries and wages of employees Birr 1500, and utilities Birr 500. On May 28 2010 Payment of Accounts Payable. Software Engineering Company pays its Birr 500 Daily New bill in cash. On May 2010 Receipt of Cash on Account. Software Engineering Company receives Birr 2000 in cash from customers who had been billed for services [on date of May 15]. On May 31 2010 Dividends. The corporation pays a dividend of Birr 1,500 in cash 1) Maintain Chart of Accounts 2) Journalize in General Journal 3) Post in the ledger 4) Prepare Trial Balance 5) Prepare Income Statement 6) Prepare Balance Sheet 7 Post closing Trial Balance
Investment by Shareholders. The maintained chart of account with all information provided is mentioned below:
1) Maintain Chart of Accounts
Account Title Number
Cash 101
Accounts Receivable 102
Equipment 103
Supplies 104
Accounts Payable 105
Owner’s Investment 106
Dividend Payable 107
Services Revenue 108
Rent Expense 109
Salaries and Wages Expense 110
Utilities Expense 111
Advertising Expense 112
2) Journalize in General Journal
Date Account Title and Explanation Debit Credit
May 1, 2010 Owner's Investment 45,000 Cash 45,000
May 3, 2010 Equipment 10,000 Cash 10,000
May 6, 2010 Accounts Payable 3,600 Supplies 3,600
May 8, 2010 Services Revenue 3,500 Cash 3,500
May 12, 2010 Accounts Payable 500 Advertising Expense 500
May 15, 2010 Accounts Receivable 3,500
Services Revenue 5,000 Cash 8,500
May 27, 2010 Rent Expense 700 Salaries and Wages Expense 1,500 Utilities Expense 500 Cash 3,700
May 28, 2010 Accounts Payable 500 Cash 500
May 30, 2010 Accounts Receivable 2,000 Cash 2,000
May 31, 2010 Dividend Payable 1,500 Cash 1,500
3) Post in the ledger
Account Title Debit Credit
Cash
May 1 45,000
May 3 10,000
May 8 3,500
May 27 3,700
May 28 500
May 30 2,000
May 31 1,500
Total 66,700
Accounts Receivable
May 15 3,500
May 30 2,000
Total 5,500
Equipment
May 3 10,000
Total 10,000
Supplies
May 6 3,600
Total 3,600
Accounts Payable
May 6 3,600
May 12 500
May 28 500
Total 4,600
Owner's Investment
May 1 45,000
Total 45,000
Dividend Payable
May 31 1,500
Total 1,500
Services Revenue
May 8 3,500
May 15 5,000
Total 8,500
Rent Expense
May 27 700
Total 700
Salaries and Wages Expense
May 27 1,500
Total 1,500
Utilities Expense
May 27 500
Total 500
Advertising Expense
May 12 500
Total 500
4) Prepare Trial Balance
Account Title Debit Credit
Cash 66,700
Accounts Receivable 5,500
Equipment 10,000
Supplies 3,600
Accounts Payable 4,600
Owner's Investment 45,000
Dividend Payable 1,500
Services Revenue 8,500
Rent Expense 700
Salaries and Wages Expense 1,500
Utilities Expense 500
Advertising Expense 500
Total 145,500
145,500
5) Prepare Income Statement
Income Statement
Revenues:
Services Revenue 8,500
Total Revenues 8,500
Expenses:
Rent Expense 700
Salaries and Wages Expense 1,500
Utilities Expense 500
Advertising Expense 500
Total Expenses 3,200
Net Income 5,300
6) Prepare Balance Sheet
Balance Sheet Assets:
Cash 66,700
Accounts Receivable 5,500
Equipment 10,000
Supplies 3,600
Total Assets 85,800
Liabilities:
Accounts Payable 4,600
Stockholders' Equity:
Owner's Investment 45,000
Dividend Payable 1,500
Retained Earnings 34,700
Total Stockholders' Equity 81,200
Total Liabilities and Stockholders' Equity 85,800
7) Post closing Trial Balance
Account Title Debit Credit
Cash 66,700
Accounts Receivable 5,500
Equipment 10,000
Supplies 3,600
Accounts Payable 4,600
Owner's Investment 45,000
Dividend Payable 1,500
Retained Earnings 34,700
Total 145,500
145,500
How does a chart of accounts work?An index of all the financial accounts in a company's general ledger is called a chart of accounts (COA). To put it succinctly, it is an organizational tool that breaks down into subcategories all of a company's financial transactions during a particular accounting period.
In GL, what is a chart of accounts?The list of all accounts used to record the GL's financial position and activity is the chart of accounts. Management of the Grant's finances. Requirement. The Department of Justice mandates that an accounting system's chart of accounts be established and regularly updated to ensure that each program's accounts are easily identified.
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The following data on annual rates of return were collected from ten stocks listed on the Kuala Lumpur Stock Exchange (KLSE) of first board and second board. Assume the population standard deviations are same.
The manager of a bakery has determined that there are a dozen organizations within 100 miles that provide the exact same products and services that her business does. The manager has been analyzing the _____.
The manager of a bakery has determined that there are a dozen organizations within 100 miles that provide the exact same products and services that her business does. The manager of the bakery has been analyzing the competition.
The competition refers to the other businesses that offer similar products or services as a company.
By analyzing the competition, a business manager can gain insight into the strengths and weaknesses of their own business and make strategic decisions to gain a competitive advantage.
For example, the manager of the bakery has determined that there are a dozen other organizations within 100 miles that provide the same products and services.
By studying these businesses, the manager can determine what makes them successful and what differentiates them from the bakery.
This information can be used to improve the bakery's products, services, marketing strategy, and overall operations. By understanding the competition, a business can make informed decisions to stay ahead of the competition and increase its chances of success.
It is important for businesses to regularly monitor and analyze their competition to stay abreast of changes in the market and adjust their strategy as needed.
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If people cannot afford to pay their bills when they are due, their first course
of action should be to
A. contact their creditor and ask to have the payments reduced
B. hire a debt-settlement company to deal with it
C. apply for a lower-interest loan to pay off the debts
D. continue to make payments in the amount they can afford
Answer:
A. contact their creditor and ask to have the payments reduced.
Minimum earned income for additional child tax credit
$2,500 is the Minimum earned income for the additional child tax credit. Depending on your annual income and eligibility, you may be eligible for the Child Tax Credit for each qualifying child. Partial credit may be available to parents and guardians who earn more money.
Who claims tax credit?Working at least 16 hours per week and having a low income are requirements for receiving working tax credits. Your specific situation will determine what is considered a low income and how many hours you must work.
Working parents with low to moderate incomes are supposed to benefit from both the Child Tax Credit and the Additional Child Tax Credit. Families cannot claim the ACTC unless they have earned an income of at least $2,500.
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what is a bad listening habit?
Mitra Ankur Assoc. purchased equipment on account from Carefree Equipment Inc. for $500. This transaction would increase the equipment account and increase the ________ account.
For $500, Mitra Ankur Assoc. paid Carefree Equipment Inc. for equipment on an accountant. Both the equipment account and the accounts payable account would grow as a result of this transaction.
What does it signify when the accounts payable amount rises?Increasing AP over the prior period shows that the company is using credit rather than cash to make more purchases of goods and services. If a corporation is paying its obligations from the previous period more swiftly than it is obtaining new items on credit, its accounts payable (AP) will decrease.
What transpires when the volume of payables increases over time?Accounts payable growth from one period to the next shows that the company is using credit to purchase more goods or services than it is paying back. A dip occurs when a company pays its debts to suppliers more quickly than it purchases new goods or services on credit.
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Based on the case, Forever 21 failed the most at which challenge?
managing for happiness and meaningfulness
managing for inclusion and diversity
managing for ethical standards
managing for career readiness
managing for competitive advantage
FOREVER managing for happiness and meaningfulness. There is little proof that the company's systems, processes, or supply chain have significantly changed as a result of the Changes in recent years.
It was already too late when Forever 21 discovered the value of online sales. Forever 21 opened stores that were company's big in addition to aggressively growing its fleet of locations at the wrong moment. Some Forever 21 locations covered more than 100,000 square feet. A pioneer in the fashion business, FOREVER 21 encourages individuality and self-assurance while making the newest trends available to everyone. The brand delivers high style designs and fashion staples with enticing values and a lively shop environment.
The correct option is A.
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werner inc. sells its products with a 2-year warranty. on december 31, werner recognized estimated warranty-related costs of $54,000 for its current year sales. during the following year, werner incurs repair costs of $21,000 related to products sold during the previous year. the journal entry to record the cost of repairs would include a debit to:
The journal entry to record the cost of repairs would include a debit to a debit to estimated warranty liability.
What is journal entry?A journal entry is a documentation of a commercial transaction that is kept in your records. Every transaction requires at least two journal entries in double-entry accounting. Because a transaction might produce several changes in a firm, a bookkeeper keeps track of all of them via journal entries.
According to the information provided, the company recognized an estimated warranty liability of $54,000 for its 2017 sales, with the company also incurring repair costs of $21,000 for products sold in 2017, implying that the journal entry to document the cost of repairs would include a debit to approximated warranty liability.
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Match the description with the key term it represents. 1. A combination of class work, study, practical experience and testing certification 2. Evidence of one's claim to authority portfolio 3. Collection of everything that showcases your abilities credential
- certification
- credential - portfolio
The description with the key term it represents:
A combination of class work, study, practical experience and testing certification: certification.Evidence of one's claim to authority portfolio: credential.Collection of everything that showcases your abilities credential: portfolio.What do you mean by certification?An impartial entity certifies a product, service, or system by issuing a written statement (a certificate) stating that it complies with certain standards. It is the official attestation or affirmation of particular qualities of a thing, someone, or a group.
Often, but not always, some kind of external evaluation, instruction, assessment, or audit offers this validation. An organization's certification procedure is called accreditation. Professional certification is one of the most frequently used certification categories in contemporary life.
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