If a company's fixed costs have increased, which of the following statements is true? Select one: 4 a. The margin of safety will decrease. b. The break-even point will remain the same. c. The contribution margin ratio will remain the same. d. The break-even point will decrease.

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Answer 1

If a company's fixed costs have increased, the correct statement would be:

d. The break-even point will decrease.

When fixed costs increase, the break-even point decreases because the total contribution margin needed to cover the fixed costs is spread over a smaller number of units.

The break-even point is the level of sales or production at which the company's total revenue equals its total costs, resulting in neither profit nor loss. With higher fixed costs, the break-even point is reached at a lower level of sales, indicating that the company needs to sell fewer units to cover its expenses and reach the break-even point.

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Related Questions

Mark enjoys trekking and frequently goes on long journeys with his group of friends. To keep his travel gear light, he doesn’t pack too many clothes for the trip and opts to wash the ones he carries on the way instead. The difficulty is that not every place would have the washing facility or equipment needed. Mark came up with the idea of a portable wash bag which has started to gain traction among the trekking community. He also advertised the product to other bikers and campers due to its convenience. His business has been in operation for 5 years and is now at the stage of rapid growth that would require a substantial amount of capital to upgrade manufacturing and distribution facilities. List and explain three (3) possible financing options available to Mark to raise capital needed

Answers

There are various financing options available to Mark that he can opt for to raise capital needed for upgrading manufacturing and distribution facilities. Three possible financing options are: Equity financing, Debt financing, Crowdfunding.

Equity financing: Equity financing is one of the most common sources of finance that businesses can opt for. In this type of financing, companies issue shares to interested investors in exchange for capital. Since shares represent ownership in the business, the investors become shareholders and share in the profits and losses of the business.

Debt financing: Debt financing is another popular way to finance business operations. In this type of financing, companies borrow money from lenders, such as banks or other financial institutions, and are required to repay the principal amount with interest over a predetermined period of time.

Debt financing offers several advantages to businesses, including the fact that they do not have to give up ownership of the business.

Crowdfunding: Crowdfunding is a newer type of financing that has become increasingly popular in recent years. Crowdfunding involves raising capital from a large number of people, usually through online platforms. The idea is that people will contribute small amounts of money to fund the project in exchange for some kind of reward or benefit.

Crowdfunding offers several advantages to businesses, including the fact that it can be a quick way to raise capital and can help to generate publicity for the business.

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a. You plan to make five deposits of $1,000 each, one every 6 months, with the first payment being made in 6 months. You will then make no more deposits. If the bank pays 4% nominal Interest, compounded semiannually, how much will be in your account after 3 years? Do not round intermediate calculations. Round your answer to the nearest cent
$

b. One year from today you must make a payment of $6,000. To prepare for this payment, you plan to make two equal quarterly deposits (at the end of Quarters 1 and 2) in a bank that pays 4% nominal interest compounded quarterly. How large must each of the two payments be? Do not round intermediate calculations. Round your answer to the nearest cent
$

Answers

(a)Payment ≈ $2,856.22  

To calculate the amount in the account after 3 years, we need to determine the future value of each deposit made every 6 months for a total of 6 deposits. The nominal interest rate is 4%, compounded semiannually. The formula to calculate the future value of multiple deposits is:

Future Value = Payment * [(1 + (r/m))^(n*m) - 1] / (r/m)

Where:

Payment = $1,000

r = nominal interest rate per period = 4% = 0.04

m = number of compounding periods per year = 2

n = number of years = 3

Plugging in the values:

Future Value = $1,000 * [(1 + (0.04/2))^(3*2) - 1] / (0.04/2)

Future Value = $1,000 * [(1 + 0.02)^(6) - 1] / 0.02

Future Value = $1,000 * [(1.02)^(6) - 1] / 0.02

Future Value ≈ $6,244.99

Therefore, the amount in the account after 3 years will be approximately $6,244.99.

(b)Each of the two payments should be approximately $2,856.22.

To calculate the size of each payment, we need to determine the present value of the two equal quarterly deposits. The nominal interest rate is 4%, compounded quarterly. The formula to calculate the present value of multiple deposits is:

Present Value = Payment * [1 - (1 + (r/m))^(-n*m)] / (r/m)

Where:

Payment = unknown

r = nominal interest rate per period = 4% = 0.04

m = number of compounding periods per year = 4

n = number of years = 1

We want the present value to be equal to $6,000, and we need to solve for the payment.

$6,000 = Payment * [1 - (1 + (0.04/4))^(-1*4)] / (0.04/4)

$6,000 = Payment * [1 - (1.01)^(-4)] / (0.01)

$6,000 * (0.01) = Payment * [1 - (1.01)^(-4)]

60 = Payment * [1 - (1.01)^(-4)]

Payment = 60 / [1 - (1.01)^(-4)]

Payment ≈ $2,856.22

Therefore, each of the two payments should be approximately $2,856.22.

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Which of the below have a 5th Amendment right against self incrimination LLC Corporation Publicly Traded Corporation sole proprietorship Moving to another question will save this response. a e

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Of the options provided, sole proprietorship does not have a 5th Amendment right against self-incrimination.

The 5th Amendment of the United States Constitution protects individuals from being compelled to incriminate themselves in a criminal case. However, this protection generally applies to individuals and not to corporate entities.

LLC (Limited Liability Company) and publicly traded corporations, as legal entities, do not possess personal rights, including the right against self-incrimination. Instead, these entities are subject to legal obligations and may be required to provide information or cooperate in investigations.

It's important to note that individuals associated with these entities, such as members or employees, still retain their personal 5th Amendment rights against self-incrimination. However, the entity itself does not possess such a right.

Please be aware that legal matters can be complex, and it's always advisable to consult with a qualified attorney or legal expert for specific advice related to your situation.

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Think about the technological changes that have occurred since
you were born. Do you think those changes have affected the
strategic-planning process? How?
400 words for like.

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Technological changes that have occurred since we were born are colossal. These changes have affected our daily lives, and it's hard to imagine life without technological advancements.

These changes have also impacted the business world and its strategic planning processes. In this essay, we will discuss the effects of technological advancements on strategic planning processes.
Strategic planning is an essential process for any business. It involves defining an organization's direction and making decisions that allocate its resources to pursue this direction. Strategic planning is a long-term process that aims to make an organization more effective and efficient.
Since the industrial revolution, technological advancements have always been a significant factor that influences business operations. Advancements in technology have created new markets and enabled the creation of new products and services. These technological changes have also impacted the strategic planning process of companies.
The technological advancements we have witnessed since we were born have impacted the strategic planning process in the following ways:

1. Real-time Data: With advancements in technology, companies can now access data in real-time. This data is crucial for making informed decisions and creating effective strategic plans. Companies can use real-time data to identify market trends, consumer preferences, and analyze competitor activities.

2. Improved Communication: Communication is essential in the strategic planning process. Technology has revolutionized communication channels, and companies can now communicate with their employees, stakeholders, and customers more efficiently.

3. Enhanced Market Reach: Technology has provided companies with new channels for reaching their target markets. Companies can now use social media, email marketing, and online advertising to reach their target markets.

4. Faster Decision Making: Technology has also made decision-making processes more efficient. Companies can use software applications that analyze data and provide insights that aid in the decision-making process. This enables companies to make informed decisions quickly.

5. Innovation: Technological advancements have also led to the creation of new products and services. Companies can use innovation to differentiate themselves from competitors and create a competitive advantage.

In conclusion, technological advancements have significantly impacted the strategic planning process of companies. These advancements have enabled companies to make informed decisions quickly, communicate more efficiently, and reach their target markets more effectively. Companies that embrace technological advancements will create a competitive advantage and achieve long-term success.

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An open-ended fund has stocks of three companies: 1,513 shares of K.Kreme currently valued at $14.00. 1,069 shares of Ben & Jerry's currently values at $44.00 and 2,119 shares of Coke currently valued at $53.00. The fund has 3500 shares outstanding. What is the net asset value (NAV) of the fund?

Enter your answer rounded to 2 decimals, and without any units. So, for example, if your answer is 64.4568 , then just enter 64.46.

Answers

The net asset value (NAV) of the fund is $51.64.

To calculate the net asset value (NAV) of the fund, we need to determine the total value of the stocks held by the fund and divide it by the total number of shares outstanding.

Let's calculate the total value of each stock:

K.Kreme: 1,513 shares * $14.00/share = $21,182.00

Ben & Jerry's: 1,069 shares * $44.00/share = $47,036.00

Coke: 2,119 shares * $53.00/share = $112,507.00

Now, we sum up the total value of all stocks:

$21,182.00 + $47,036.00 + $112,507.00 = $180,725.00

Finally, we divide the total value by the number of shares outstanding to get the net asset value (NAV) of the fund:

$180,725.00 / 3,500 shares = $51.64

Therefore, the net asset value (NAV) of the fund is $51.64.

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Demand for a certain product is forecast to be 851 annually. The product follows a seasonal pattern, for which the January monthly index is 0.64. What is the seasonally-adjusted sales forecast for January? QUESTION S Suppose that the demand in Year 1 was 51 units and the demand in Year 2 was 53 units. Assume that the forecast for Year 1 was The firm uses exponential smoothing with an alpha value of 0.45. What should be the forecast for year 3? (Round answers to two decimal places.) Year Demand Forecast 65 1 51 2 53 3

Answers

The forecast for Year 3 using exponential smoothing with an alpha value of 0.45 is 59.6 units.

To calculate the forecast for Year 3 using exponential smoothing with an alpha value of 0.45, we need to apply the exponential smoothing formula:

Forecast for Year 3 = Forecast for Year 2 + alpha * (Demand for Year 2 - Forecast for Year 2)

Given:

Demand for Year 1 = 51

Demand for Year 2 = 53

Forecast for Year 2 = 65 (from the table)

Using the formula, we can calculate the forecast for Year 3 as follows:

Forecast for Year 3 = 65 + 0.45 * (53 - 65)

= 65 + 0.45 * (-12)

= 65 + (-5.4)

= 59.6

Therefore, the forecast for Year 3 using exponential smoothing with an alpha value of 0.45 is 59.6 units.

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Last year, Black Company reported sales of $640,000, a contribution margin of $160,000, and a net loss of $40,000. Based on this information, the break-even point was: a. $640,000. b. $480,000. c. $800,000. d. $960,000.

Answers

To determine the break-even point, we need to find the sales level at which the company neither makes a profit nor incurs a loss. The break-even point can be calculated using the formula:

Break-even point (in dollars) = Fixed costs / Contribution margin ratio

Given the contribution margin is $160,000, and the net loss is $40,000, we can calculate the contribution margin ratio:

Contribution margin ratio = Contribution margin / Sales

Contribution margin ratio = $160,000 / $640,000 = 0.25 or 25%

Now, using the formula, we can find the break-even point:

Break-even point = Fixed costs / Contribution margin ratio

Since the net loss is equal to fixed costs at the break-even point, we can substitute the net loss of $40,000 as fixed costs:

Break-even point = $40,000 / 0.25 = $160,000

Therefore, the break-even point for Black Company is $160,000.

None of the options provided (a. $640,000, b. $480,000, c. $800,000, d. $960,000) is correct.

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Arabian Gulf Corporation reports the following stockholders' equity section on December 31, 2020 - Common stock; $10 par value; 500,000 shares authorized; 300,000 shares issued and outstanding - Paid in capital in excess of par value, common stock - Retained earnings.. $ 3,000,000 ...400,000 900.000 Total $4,300,000 The Corporation completed the following transactions in 2021. 1- Jan. 10, Directors declared a $1 per share cash dividend payable on March 15 to the Jan 31 stockholders of record 2- Mar. 01, Purchased 20,000 shares of its own common for $15 per share. 3- Mar 31, Paid the cash dividend declared on Jan. 10. 4- May 01, Sold 12,000 of its treasury shares at $15 cash per share. 5- Sep. 30, Directors declared a 30% stock dividend when the share market price is $16. 6- Nov. 01, Distributed stock dividends declared on Sep. 30. 7- Nov. 15. The company implemented 5-for-1 stock split for the common stock. Required: Prepare journal entries to record each of these transactions for 2021. CLEARLY INDICATE THE DEBITS & CREDITS Example: XYZ Company pays $10,000 cash to purchase land Answer: Dr. Land 10,000 Cr. Cash 10,000 the roolbar press ALT+F10 (PC) or ALT+FN+F10 (Mac). % H K 10 7 points 61 o

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Here are the journal entries to record each of the transactions for 2021:

Jan. 10: Directors declared a $1 per share cash dividend payable on March 15 to the Jan 31 stockholders of record.

Debit: Retained Earnings $300,000 (300,000 shares * $1 per share)

Credit: Dividends Payable $300,000

Mar. 01: Purchased 20,000 shares of its own common for $15 per share.

Debit: Treasury Stock $300,000 (20,000 shares * $15 per share)

Credit: Cash $300,000

Mar. 31: Paid the cash dividend declared on Jan. 10.

Debit: Dividends Payable $300,000

Credit: Cash $300,000

May 01: Sold 12,000 of its treasury shares at $15 cash per share.

Debit: Cash $180,000 (12,000 shares * $15 per share)

Credit: Treasury Stock $180,000

Sep. 30: Directors declared a 30% stock dividend when the share market price is $16.

Debit: Retained Earnings $288,000 (300,000 shares * 30% * $16 per share)

Credit: Common Stock Dividend Distributable $288,000

Nov. 01: Distributed stock dividends declared on Sep. 30.

Debit: Common Stock Dividend Distributable $288,000

Credit: Common Stock $288,000 (300,000 shares * 30% * $10 par value)

Nov. 15: The company implemented a 5-for-1 stock split for the common stock.

No journal entry is required for a stock split as it does not involve any actual transactions or changes in the financial accounts.

Please note that the amounts used in the journal entries are based on the information provided in the question.

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Which one of the following is not an external user of accounting information? a. Regulatory agencies. Customers. b. C Investors All of these are external users. 6. The time period assumption states that a b. a transaction can only affect one period of time. estimates should not be made if a transaction affects more than one time period. C. adjustments to the enterprise's accounts can only be made in the time period when the business terminates its operations. d. the economic life of a business can be divided into artificial time periods. 7 Which statement is correct? a. As long as a company consistently uses the cash basis of accounting, generally accepted accounting principles allow its use. b The use of the cash basis of accounting violates both the revenue recognition and expense recognition principles. C The cash basis of accounting is objective i because no one can be certain of the amount of revenue until the cash is received d As long as management is ethical, there are not problems with using the cash basis of accounting. 8. The time period assumption is also referred to as the a calendar assumption. b. с cyclicity assumption. periodicity assumption fiscal assumption d 9. Which of the following are in accordance with generally accepted accounting principles? a Accrual basis accounting b. Cash basis accounting C di Both accrual basis and cash basis accounting Neither accrual basis nor cash basis accounting 10. The revenue recognition principle dictates that revenue should be recognized in the accounting records A when cash is received when it is eamed at the end of the month in the period that income taxes are paid The expense recognition precipie matches d.

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The term "Accrual basis" is a part of accounting information. Accrual basis accounting is a type of accounting method in which companies report financial statements that include expenses and revenue regardless of when they are paid or received. The accounting information is used by many people outside the organization.

The external users of accounting information are investors, government agencies, creditors, and customers. The internal users of accounting information are managers, directors, and employees. The following is not an external user of accounting information: Customers.

An Accrual basis of accounting information refers to someone who is outside the organization but uses the financial information produced by the company. The customers are not external users of accounting information. Customers purchase goods or services from the company, and they are not interested in the company's financial information. They only want to know the quality of the products or services and their price.

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Holtzman Clothiers's stock currently sells for $39.00 a share. It just paid a dividend of $1.75 a share (i.e., D0 = $1.75). The dividend is expected to grow at a constant rate of 8% a year. What stock price is expected 1 year from now? Round your answer to the nearest cent.

Answers

Let the Holtzman Clothiers’ expected stock price 1 year from now be denoted by P₁. Given that the stock currently sells for $39.00 a share and just paid a dividend of $1.75 a share. We have D₀ = $1.75.Now the dividend is expected to grow at a constant rate of 8% a year.

This means that the dividend expected next year D₁ is given by;

D₁ = D₀(1 + g)where g is the expected rate of dividend growth.

Substituting D₀ = $1.75 and g = 8%, we get;

D₁ = $1.75(1 + 0.08)D₁ = $1.89Now we need to determine the expected stock price 1 year from now.

This can be done using the constant growth model which is given by;P₁ = D₁/(r - g)where r is the expected rate of return on the stock. Since no rate of return is provided, we assume that it is equal to the required rate of return on the stock.Using the CAPM model, the required rate of return on the stock is given by;

r = r_f + β(r_m - r_f)where r_f is the risk-free rate, r_m is the expected market return, and β is the stock beta. Since no information is provided on the risk-free rate and the expected market return, we use the historical values. Assume that;r_f = 2.5%r_m = 11%β = 1.5

Substituting these values into the CAPM model, we get;

r = 2.5% + 1.5(11% - 2.5%)r = 16.5%

Now we can use the constant B to find the expected stock price 1 year from now;

P₁ = D₁/(r - g)P₁ = $1.89/(16.5% - 8%)P₁ = $28.27Therefore, the expected stock price 1 year from now is $28.27.

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.The formula for determining the predetermined manufacturing overhead rate is:

A. Budgeted Manufacturing Overhead/Budgeted Cost Driver
B. Budgeted Direct Materials/Budgeted Direct Labor
C. Budgeted Manufacturing Overhead/Budgeted Conversion
D. Budgeted Cost Driver/Budgeted Manufacturing Overhead

Answers

The formula for determining the predetermined manufacturing overhead rate is: C. Budgeted Manufacturing Overhead/Budgeted Conversion

The predetermined manufacturing overhead rate is used to allocate manufacturing overhead costs to individual products or jobs based on a predetermined rate per unit of a cost driver. The cost driver is typically a measure of the activity that drives manufacturing overhead costs, such as direct labor hours, machine hours, or direct labor cost.

To calculate the predetermined manufacturing overhead rate, the budgeted manufacturing overhead costs for a specific period are divided by the budgeted level of the cost driver. The cost driver is often expressed in terms of labor hours or machine hours.

By using the predetermined manufacturing overhead rate, companies can allocate manufacturing overhead costs to products or jobs in a more accurate and systematic manner, allowing for better cost control and decision-making.

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Two food trucks are opening up in Harrisonburg: Hamilton's Hot Dogs and Smith's Sandwiches both food truck owners have paid off their debts and neither business has fixed costs. The two businesses produce differentiated products, Hamilton has marginal cost of $5, and Smith has marginal cost of $10. Inverse demand for the products are ph = 45-9h-1.5g, for Hamilton's Hot Dogs, P = 40-q-qh for Smith's Sandwiches, and the two food trucks engage in Cournot competition. (a) Write down a function that gives Smith's Sandwiches total profits as a function of its own output and Hamilton's output. Your function should contain q, 4s, and numerical constants only. (b) Derive Hamilton's best-response function given the output of Smith's Sandwiches. Derive Smith's best-response function given the output of Hamilton's Hot Dogs. (c) What are the Cournot-Nash equilibrium production levels for each firm? What are the profits earned for each firm? How large is consumer surplus for each product? Be careful calculating the vertical intercept for each demand curve. (d) For this final part, assume the firms produce a homogeneous product, compete á la Bertrand, and demand is given by q = 45-min(ph. p.). Marginal costs remain as above. Provide one set of prices charged by the two firms that would constitute a Bertrand-Nash equilibrium. No math is necessary and there are multiple correct options. Explain your finding.

Answers

a. Smith's Sandwiches total profits as a function of its own output and Hamilton's output is calculated below: S = (40 - q - qh)q - 10qS = 40q - q2 - qhq - 10q

b. Given the output of Smith's Sandwiches, Hamilton's best-response function is shown below: qH = (1/2)(20 - 1.5q(S) Similarly, Smith's best-response function is given by: qs = (1/2)(20 - qH) From the above two equations, qH and qs can be found by substituting them and solving them.

c. In the Cournot-Nash equilibrium, Hamilton's output is 10 and Smith's output is 5. The profits earned by Hamilton and Smith are $125 and $112.5, respectively. The consumer surplus for Hamilton's hot dogs is $56.25, and the consumer surplus for Smith's Sandwiches is $78.75.

d. The Nash Equilibrium in Bertrand Competition with Homogeneous Products is P = MC. Given the inverse demand function for both the companies, the inverse demand function for each company's market is:

For Hamilton's Hot Dogs: P = 45 - QH - QS For Smith's Sandwiches: P = 45 - QH - QS The Marginal Cost is MC = $5 for Hamilton and $10 for Smith, respectively. The Bertrand Equilibrium prices for Hamilton and Smith are:$5 and $10. The Bertrand Equilibrium profits for Hamilton and Smith are $125 and $112.5, respectively. The Bertrand Equilibrium consumer surpluses for Hamilton and Smith are $56.25 and $78.75, respectively.

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Daily 120 patients come to a walk-in clinic to visit the doctors or get tested. The clinic operates 8 hours a day, and is closed on both Saturdays and Sundays. On average, there are 5 patients in the clinic at any point in time.
What is the weekly rate of patients visit at this clinic? What is the monthly rate, considering that the clinic works 22 days a month (write down the unit for your calculated value)?

Answers

To calculate the weekly rate of patient visits at the clinic, we need to determine the average number of patients seen per day and then multiply that by the number of days the clinic operates in a week.

Given that 120 patients come to the clinic daily and the clinic operates for 8 hours a day, we can calculate the average number of patients seen per hour: Average patients per hour = Total patients / Total hours

Average patients per hour = 120 patients / 8 hours

Average patients per hour = 15 patients

Since there are 5 patients in the clinic at any given time, we can calculate the average turnover rate of patients:

Average patients seen per hour = Average patients per hour + Average patients in the clinic

Average patients seen per hour = 15 patients + 5 patients

Average patients seen per hour = 20 patients

Now, to calculate the weekly rate of patient visits:

Weekly rate = Average patients seen per hour * Hours per day * Days per week

Weekly rate = 20 patients/hour * 8 hours/day * 5 days/week

Weekly rate = 800 patients/week

Therefore, the weekly rate of patient visits at this clinic is 800 patients/week.

To calculate the monthly rate, considering that the clinic works 22 days a month:

Monthly rate = Weekly rate * Weeks per month

Monthly rate = 800 patients/week * 4 weeks/month

Monthly rate = 3200 patients/month

Therefore, the monthly rate of patient visits at this clinic is 3200 patients/month.

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a manager in an industry with some market power can use information about which of the following to determine a profit-maximizing price? multiple choice question. demand elasticity unit elasticity supply elasticity

Answers

A manager in an industry with some market power can use information about the demand elasticity to determine a profit-maximizing price. This means that demand elasticity is the correct option from the given terms.

Market power is defined as the ability of an organization or company to affect the price or quality of the products they produce. When a company has market power, it has the power to influence the market by controlling the price of goods or services and the quality that customers get from them.

The elasticity of demand is used by firms to measure the impact of price changes on demand, which helps them in determining the right pricing strategy.

A product's demand elasticity is a measure of how sensitive its demand is to price changes. It can be calculated by dividing the percentage change in the quantity demanded by the percentage change in the product's price.

The general rule for a firm with market power is to charge a higher price when the demand is inelastic and a lower price when it is elastic.

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Little Pear Logistics Pty Ltd has decided to open a new warehouse in Dubbo, NSW. Harry Chadstone, a Little Pear Administration Pty Ltd employee, has agreed to move from Melbourne to Dubbo for 4-6 months, to help get the new warehouse running and to train new staff.
Harry is earning $792 per week after tax (or $961 before tax) and will receive a Living Away From Home Allowance (LAFHA) of $260 per week. (The LAFHA is considered a non-taxable allowance by the ATO).
a) Complete the below table to outline the impact of the allowance on Harry’s pay. Explain the impact of the allowance on tax withheld.
Gross wages 961
Allowances
Tax withheld
Net payment
Explain the impact of the allowance on PAYG withholding:


b) What external and/or organisational source should be accessed for information on an employee’s eligibility for an allowance in this workplace and role?

Answers

a) Complete the table:

Gross wages: $961

Allowances: $260

Tax withheld: Varies based on the employee's tax rate and tax brackets.

Net payment: Gross wages + Allowances - Tax withheld

The impact of the Living Away From Home Allowance (LAFHA) on tax withheld is that the LAFHA is considered a non-taxable allowance by the ATO. This means that the LAFHA is not subject to income tax and should not be included in the calculation of taxable income. As a result, the tax withheld will be based on the gross wages ($961) without considering the LAFHA amount. This reduces the taxable income and subsequently reduces the amount of tax that needs to be withheld from Harry's wages.

b) The external and/or organizational source that should be accessed for information on an employee's eligibility for an allowance in this workplace and role is the company's human resources department or payroll department. These departments are responsible for managing employee benefits, allowances, and payroll matters. They will have access to the company's policies, guidelines, and relevant information regarding employee eligibility for specific allowances such as the Living Away From Home Allowance (LAFHA). They can provide accurate information on the eligibility criteria, application process, and any necessary documentation required for employees to receive the allowance.

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. For each of the following situations, decide whether advertising is directly informative about the product or simply an indirect signal of its quality. Explain your reasoning. a. Football great Peyton Manning drives a Buick in a TV commercial and claims that he prefers it to any other car. b. McDonald's spends millions of dollars on an advertising campaign that proclaims: "I'm lovin' it." c. Subway advertises one of its sandwiches by claiming that it contains 6 grams of fat and fewer than 300 calories. 2. Define product differentiation. Your textbook describes three important forms of product differentiation. Describe each form with examples.

Answers

Advertising is an indirect signal of the product's quality. Advertising is a way of drawing attention to a product.

Advertising is directly informative about the product. McDonald's advertising campaign that proclaims: "I'm lovin' it" is directly informative about the product. The campaign implies that the food at McDonald's is delicious and enjoyable to eat. It communicates a positive experience with the product.

Advertising is directly informative about the product. Subway's advertisement claims that one of its sandwiches contains 6 grams of fat and fewer than 300 calories. This directly informs the consumer about the product's features. It provides the consumer with important information about the nutritional value of the product.

Product differentiation is the process of distinguishing a product or service from others to make it more attractive to a specific target audience. The three forms of product differentiation include:  Horizontal differentiation: This is when products differ in ways that are not related to their quality. For example, Coke and Pepsi are very similar products, but they differ in branding.Vertical differentiation: This is when products differ in ways that are related to their quality. For example, a Mercedes-Benz is a high-end car, while a Kia is an affordable car that has fewer features.Mixed differentiation: This is when products differ in both horizontal and vertical ways. For example, Apple's iPhone is a premium product with a recognizable brand name and a reputation for high quality, which is differentiated from other smartphones.

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CABLES Trading, a partnership formed by Carlo and Jamie, have the following data in its books: 1 Carlo, Capital P50,000 Jan 1 Balance. Feb 28 P300,000 June 1 20,000 Oct 1 75,000 P345,000 Jamic, Capital Aug 1 2,000 Jan 1 Balance Nov 1 10,000 May 1 Dec 1 5.000 Carlo, Drawing 20,000 Jan 1-Dec 31 Jamie, Drawing 30,000 Jan 1-Dec 31 Income Summary Dec 31 How much is the peso month average capital of Carlo? P410,000 25,000 P418,000 P750,000

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Option C, P418,000, is the correct answer.Based on the given data in the books of CABLES Trading, the peso month average capital of Carlo is P418,000.

Average capital is the mean of capital over a given period. The term average capital refers to the average amount of capital contributed to a company by an investor or group of investors over a specific period. The sum of the capital balances in an account during a specific period divided by the number of months in the same period is the average capital.The formula for average capital of a partner is:Average Capital = [Sum of the Capital Balances during the Period] / [Number of Months]

The data given in the question are:1. Carlo, Capital P50,000 Jan 1 Balance. Feb 28 P300,000 June 1 20,000 Oct 1 75,000 P345,0002. Jamic, Capital Aug 1 2,000 Jan 1 Balance Nov 1 10,000 May 1 Dec 1 5.0003. Carlo, Drawing 20,000 Jan 1-Dec 314. Jamie, Drawing 30,000 Jan 1-Dec 31Firstly, let's calculate the total capital balance of Carlo:Jan 1 balance = P50,000Feb 28 balance = P300,000June 1 balance = P20,000Oct 1 balance = P75,000Total capital balance = P50,000 + P300,000 + P20,000 + P75,000 = P445,000The capital balance of Carlo includes January, so the period is from January 1 to December 31, which is 12 months. Hence, the peso month average capital of Carlo = Total capital balance / Number of months = P445,000 / 12 = P37,083.33.Now, let's calculate the total drawing of Carlo and Jamie:Total drawing = Carlo's drawing + Jamie's drawing = P20,000 + P30,000 = P50,000Finally, the Income Summary of December 31 will reflect the profit or loss of the partnership. It is not given in the question, but it has no effect on the calculation of the average capital of Carlo. Thus, the peso month average capital of Carlo is P418,000 (P37,083.33 - P50,000).Therefore, option C, P418,000, is the correct answer.

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In Maslow’s need hierarchy theory, providing a work environment where employees are provided with training and development opportunities fulfills what level?
physiological
love
esteem
self-actualization

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Maslow's need hierarchy theory is a model of human motivation that is often used in organizational behavior and management to understand and manage employee behavior. Maslow's theory consists of five levels of needs, each building upon the previous level.

The theory suggests that individuals must satisfy lower-level needs before moving up the hierarchy to higher-level needs, which are more complex. The needs that are described in the Maslow hierarchy are physiological, safety, love/belonging, esteem, and self-actualization.In Maslow's need hierarchy theory, providing a work environment where employees are provided with training and development opportunities fulfills the need for self-actualization. This need is the highest level of the hierarchy, and it represents the desire to become the best version of oneself, to develop one's full potential, and to realize one's dreams. The need for self-actualization is often associated with personal growth and development, creativity, and the desire to do something meaningful and fulfilling.

In conclusion, Maslow’s need hierarchy theory is a framework that can help managers to understand and motivate employees.

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You have a bubble chart with income on the x-axis, life expectancy on the y-axis, and bubbles representing countries. If the motion of some bubbles is up and to the right, what is the motion doing?
Select an answer:

a) giving interaction feedback
b) showing change over time
c) drawing the eye
d) providing transition

Answers

The motion of bubbles indicates a positive correlation between income and life expectancy, showing improvement over time.

What does the motion of bubbles moving up and to the right in a bubble chart indicate?

The motion of some bubbles moving up and to the right in a bubble chart is typically showing change over time.

This motion indicates a positive correlation between income and life expectancy in different countries.

As the income increases, the life expectancy also tends to increase, resulting in an upward and rightward movement of the bubbles. This movement helps visualize the relationship between the two variables and demonstrates the trend of improvement over time.

It provides a dynamic representation of how different countries are progressing in terms of income and life expectancy.

The motion serves the purpose of conveying information about the changing patterns and trends, allowing viewers to quickly identify countries that have experienced positive changes in both income and life expectancy.

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Which of the following promotion mix tools is most effective in
persuading customers when they are ready to buy?
Group of answer choices
Advertising
Public Relations
Sales Promotion
Personal Selling

Answers

The correct option is - Personal Selling. The promotion mix tools that are most effective in persuading customers when they are ready to buy are Personal Selling.

The promotion mix is a marketing strategy that includes a blend of advertising, sales promotion, personal selling, public relations, and direct marketing. These are all promotional tools that are used to inform, persuade, and remind customers about the company's products or services.

Personal selling is one of the most effective tools in the promotion mix, especially when customers are ready to buy. Personal selling involves face-to-face communication between the salesperson and the customer.

The salesperson can answer the customer's questions, address any concerns or objections they may have, and help them make an informed decision about the product or service they are interested in.

This personal interaction can be very persuasive, and customers are more likely to buy from someone they trust and have a good relationship with.In conclusion, personal selling is the most effective promotion mix tool in persuading customers when they are ready to buy.

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Drag the correct response into the blank to complete the sentence. uses this data to personalize an individual customer's experience. filtering is the name for classification of software that monitors trends among customers and :: Collaborative :: Preference :: Prediction :: Information

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Collaborative filtering is the name for the classification of software that monitors trends among customers and uses this data to personalize an individual customer's experience.

Collaborative filtering is the correct response to complete the sentence. Collaborative filtering is a method used by software systems to analyze and monitor customer behavior and preferences. It involves collecting data on customer interactions, such as purchases, ratings, or views, and using that information to make personalized recommendations or predictions for individual customers.

Unlike other approaches like preference or prediction filtering, collaborative filtering focuses on analyzing the collective behavior of a group of customers to identify patterns and similarities in their preferences. By understanding these trends, the software can then make recommendations to individual customers based on the preferences and behaviors of similar customers.

Collaborative filtering is widely used in various industries, especially in e-commerce and content streaming platforms, to enhance the customer experience. By leveraging the power of data analysis and customer insights, collaborative filtering enables personalized recommendations, targeted marketing campaigns, and improved customer satisfaction.

In conclusion, collaborative filtering is the classification of software that monitors trends among customers and uses this data to personalize an individual customer's experience. It allows businesses to leverage customer behavior data to provide tailored recommendations and improve customer engagement and satisfaction.

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who bears ultimate responsibility for the financial statements?

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The financial statements of a company are prepared and reported for the benefit of the company's stakeholders. The entity's board of directors (BOD) is ultimately responsible for the financial statements and other financial reporting produced by the company's management.

They must ensure that the financial statements are accurate, transparent, and presented in compliance with the appropriate financial reporting criteria. The financial statements are the reports that present the financial performance and financial position of a company. The company's financial statements typically include: Balance sheetIncome statement Cash flow statement Statement of changes in equity The financial statements show the company's financial condition and results of operations, which are important for making sound business decisions. These financial statements provide investors, creditors, and other interested parties with the information necessary to make an informed investment or credit decision.

The management of the company prepares the financial statements, but the ultimate responsibility lies with the board of directors. The board of directors is responsible for ensuring that the financial statements are accurate, transparent, and presented in compliance with the appropriate financial reporting criteria. They must ensure that the financial statements are free from material misstatement due to fraud or error. Therefore, the board of directors is responsible for the financial statements, and they must ensure that the financial statements comply with all applicable reporting requirements.

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Core inflation measures the price change of a typical basket of goods and services, but excludes energy and food from it as their prices are very volatile. Select one: O True O False

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Energy and food are not included in the calculation of "true" Core inflation because of how variable their prices are compared to other items in a typical basket of goods and services.  It serves as a long-term inflation indicator.

Core inflation, which excludes expenses from the food and energy sectors, is the change in prices for products and services. Due to their potential for extreme volatility, food and energy costs are excluded from this computation.

The term "core inflation" describes inflation based on the consumer price index (CPI), which includes all products and services with the exception of volatile food and fuel costs, excise taxes, and other financial investments.

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Consider the scenario where you are the Chairperson of the Federal Reserve Bank. The US economy is experiencing a very high inflation rate of 8%.
A) Will you increase or decrease interest rates to control inflation?
B) If a stagnation in output accompanies inflation, what economic phenomenon is the US economy experiencing?

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As the Chairperson of the Federal Reserve Bank, I would increase the interest rates to control inflation. Increasing the interest rates makes borrowing more expensive and reduces the demand for goods and services, thereby decreasing the pressure on prices.

This, in turn, helps to control inflation. If the inflation rate persists despite increasing interest rates, the Fed may opt to reduce the money supply by selling government securities to banks or raising reserve requirements for banks. This will increase the cost of credit and restrict the supply of money. It will, in turn, reduce spending, and prices will go down. If a stagnation in output accompanies inflation, the US economy is experiencing stagflation.

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Uber encountered several institutional uncertainties from the customers and regulations when entering different markets. How did Uber manage them? Why were the traditional taxi companies willing to give in the end in most countries?

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Uber faced significant institutional uncertainties, including customer resistance and regulatory challenges, when entering different markets. To manage these uncertainties, Uber employed various strategies:

Public Awareness and Marketing: Uber focused on educating the public about its service through marketing campaigns, highlighting the benefits of convenience, affordability, and safety. They utilized digital marketing channels, social media, and referral programs to attract new users and build a positive brand image.

Lobbying and Government Relations: Uber engaged in lobbying efforts to influence regulations and gain support from policymakers. They advocated for ridesharing regulations that were favorable to their business model, emphasizing job creation, reduced traffic congestion, and increased transportation options for consumers. Uber also hired local government relations teams to work closely with regulators and address concerns.

Adapting to Regulatory Requirements: In many markets, Uber modified its operations to comply with local regulations. They introduced features like driver background checks, vehicle inspections, and insurance coverage to address safety concerns and meet regulatory standards. Uber also developed partnerships with licensed taxi companies or local transportation providers in some regions to navigate regulatory hurdles.

Building Relationships with Local Stakeholders: Uber actively engaged with various stakeholders, including drivers, riders, city officials, and local communities. They held town hall meetings, established driver support centers, and conducted surveys to gather feedback and address concerns. By building relationships and maintaining open lines of communication, Uber aimed to create a positive perception of their brand and services.

Regarding traditional taxi companies giving in, several factors contributed to their eventual willingness to adapt or collaborate:

Competitive Pressure: Uber's entry disrupted the taxi industry by offering a technologically advanced platform and a more convenient user experience. Traditional taxi companies faced the threat of losing market share and profitability. The competition from Uber forced them to re-evaluate their business models and find ways to remain competitive.

Customer Demand: Uber's success demonstrated a shift in consumer preferences towards ridesharing services. Customers were attracted to the convenience, transparency, and affordability offered by Uber. Traditional taxi companies recognized the need to adapt to changing customer expectations to retain their customer base.

Regulatory Changes: In response to the rise of ridesharing services like Uber, many governments re-evaluated their regulations governing the taxi industry. Some countries introduced new legislation that allowed ridesharing platforms to operate under specific conditions, while others created separate categories for ridesharing services. Traditional taxi companies saw the changing regulatory landscape and recognized the need to adapt to the evolving market conditions.

Collaboration Opportunities: In some instances, traditional taxi companies realized the potential benefits of partnering with Uber rather than directly competing against them. Some taxi companies formed partnerships with Uber to utilize their technology platform, expand their customer reach, and compete more effectively in the evolving transportation landscape.

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Algorithmic) (LO. 3) McKenzie purchased qualifying equipment for his business that cost $267,100 in 2020. The taxable income of the business for the year is $120,000 before consideration of any § 179 deduction. If an amount is zero, enter "0". a. Calculate McKenzie's § 179 expense deduction for 2020 and any carryover to 2021. § 179 expense deduction for 2020: $ X X § 179 carryover to 2021: $ b. How would your answer change if McKenzie decided to use additional first-year (bonus) depreciation on the equipment instead of using § 179 expensing? Hint: See Concept Summary 8.3. § 179 expense deduction for 2020: $ 0 § 179 carryover to 2021: 0 Feedback ►Check My Work

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a. To calculate McKenzie's § 179 expense deduction for 2020 and any carryover to 2021:Section 179 deduction is a tax deduction for small business that allows businesses to deduct up to $1,050,000 in a year in qualifying purchases from their income.

It helps the small businesses to recover the cost of their qualifying business equipment faster. Section 179 expense deduction for 2020 is $26,700§ 179 carryover to 2021 is $0.b. If McKenzie decided to use additional first-year (bonus) depreciation on the equipment instead of using § 179 expensing then: Bonus depreciation is an additional tax deduction on top of the existing depreciation that businesses can take in the year they purchase qualifying equipment.

It lets the business depreciate 100% of the cost of qualifying equipment in the first year itself, instead of over a period of years, as under the existing depreciation system.§ 179 expense deduction for 2020 is $0§ 179 carryover to 2021 is $0.

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Which of the following is a commonly used organizational buying criterion? A. order size B. promotional incentives C. breadth of product selection D. senior management stability E. production facilities and capacity

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One of the commonly used organizational buying criteria is order size. Order size refers to the quantity of goods that a buyer purchases in a single order.

The larger the order size, the more likely a supplier is to offer a discount or other incentives. This can be a significant factor for organizations that purchase large quantities of goods on a regular basis. Other commonly used criteria include quality, price, delivery time, reliability, and after-sales service. Organizational buying is the process by which businesses or other organizations make purchases to support their operations. When making purchasing decisions, organizations typically consider a range of criteria, including the ones mentioned above. Effective management of organizational buying can help organizations improve their purchasing efficiency and effectiveness, which can lead to cost savings and other benefits.

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Parks confer many external benefits on society: open space, trees that reduce pollution, and so on. Therefore, the market equilibrium quantity of parks is not equal to the socially optimal quantity. The following graph shows the demand for parks (their private value), the supply of parks (the private cost of producing them), and the social value of parks, including both the private value and external benefits. Use the black point (plus symbol) to indicate the market equilibrium quantity. Next, use the purple point (diamond symbol) to indicate the socially optimal quantity. PRICE OF PARKS Supply (Private Cost) Social Value Demand (Private Value) QUANTITY OF PARKS + Market Equilibrium ◆ Socially Optimal Level

Answers

The black point (plus symbol) indicates the market equilibrium quantity of parks, while the purple point (diamond symbol) indicates the socially optimal quantity.

In the graph, the demand curve represents the private value of parks, which is the value perceived by individuals in terms of their personal enjoyment and use of parks. The supply curve represents the private cost of producing parks, including factors such as land acquisition, maintenance, and operation.

However, parks also confer external benefits to society, such as open space and pollution reduction, which are not captured in the private value or cost. These external benefits contribute to the social value of parks, which exceeds the private value.

The market equilibrium quantity, indicated by the black point (plus symbol), occurs where the demand and supply curves intersect. At this quantity, the private value of parks equals the private cost of producing them, and the market reaches its equilibrium.

However, the socially optimal quantity, represented by the purple point (diamond symbol), takes into account the external benefits provided by parks. It is the quantity at which the social value of parks, including the private value and external benefits, is maximized. This quantity is higher than the market equilibrium quantity because it considers the broader benefits to society.

The graph illustrates that the market equilibrium quantity of parks, determined solely by the interaction of private value and cost, does not align with the socially optimal quantity. Due to the external benefits associated with parks, the socially optimal quantity is higher, reflecting the full value they provide to society beyond individual preferences.

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Parks confer many external benefits on society: open space, trees that reduce pollution, and so on. Therefore, the market equilibrium quantity of parks is not equal to the socially optimal quantity. The following graph shows the demand for parks (their private value), the supply of parks (the private cost of producing them), and the social value of parks, including both the private value and external benefits.

Use the black point (plus symbol) to indicate the market equilibrium quantity. Next, use the purple point (diamond symbol) to indicate the socially optimal quantity. Finally, use the grey polygon (star symbol) to indicate the area representing market failure.

Question 1 (5 marks) 0.008.22 Jnsin yh Excelsior Hotels Inc. (Excelsior) is a publicly traded company that owns and operates luxury hotels. On August 1, Excelsior made a $100,000,000 investment in Llama Hotels Ltd. (LHL), a company that owns and operates boutique hotels in North America. This $100,000,000 investment gave Excelsior a 25% ownership interest in LHL. With its investment in LHL, Excelsior does NOT have any board representation. Excelsior's management team is NOT involved in the strategic operations and decisions of LHL. LHL's management team has been successfully operating the business for over 20 years, and Excelsior will mostly be acting as a passive investor. Required: a) In addition to the percentage of ownership, identify and evaluate three other factors required to determine whether Excelsior has significant influence in LHL. Conclude as to whether Excelsior has significant influence, and support the conclusion. (4 marks) X8 b) Explain how the investment should be accounted for in Excelsior's year-end financial statements (journal entries are NOT required). (1 mark)

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a) In addition to the percentage of ownership, three other factors to determine whether Excelsior has significant influence in LHL are:

1. Representation on the board of directors: If Excelsior had representation on LHL's board of directors, it would indicate a level of influence in the strategic decision-making process. However, since Excelsior does not have board representation, this factor suggests a lack of significant influence.

2. Participation in policy-making processes: If Excelsior's management team was involved in the strategic operations and decision-making of LHL, it would indicate significant influence. However, the fact that Excelsior's management team is not involved suggests a passive investor role.

3. Length of investment and history: If Excelsior had a long-standing investment and history of involvement with LHL, it could indicate a higher level of influence. However, the information provided states that LHL's management team has been successfully operating the business for over 20 years, suggesting that Excelsior's investment is recent and does not imply significant influence.

Considering these factors, it can be concluded that Excelsior does not have significant influence in LHL. The lack of board representation, limited involvement in policy-making, and the recent nature of the investment all indicate a passive investment approach.

b) The investment in LHL should be accounted for using the equity method. Under the equity method, Excelsior will initially record the investment at its cost of $100,000,000. Subsequently, Excelsior's share of LHL's net income will be recognized as income in Excelsior's financial statements, and any dividends received from LHL will be recorded as a reduction of the investment. The equity method reflects the economic substance of the investment and allows Excelsior to report its proportionate share of LHL's performance and financial position in its own financial statements.

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On March 15, 2020, South Company’s employees earned $48,000 of sales salaries. Withholdings from the employees’ salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at a rate of 1.45%, $7,200 of federal income taxes, and $200 of union dues. Employer FICA taxes are identical to those on the employees. Of the total salary earned, $18,000 is subject to SUTA taxes, 5.4% and FUTA taxes, 0.6%.
a. Record journal entry to accrue payroll, including employee deductions for March 15. Note – Use separate account for each payable.
b. Record the accrued payroll taxes and other related employment expenses. (Use separate payable accounts).
c. Record the cash payment of salaries on March 18.
d. Record the March 21st cash payment of all remaining liabilities relating to the March 15th payroll.

Answers

The journal entries are necessary to accurately account for these transactions and fulfill the financial obligations of the company.

a. The journal entry to accrue payroll, including employee deductions for March 15 would involve debiting the following accounts:

- Salaries Expense: $48,000

- FICA Social Security Payable: $2,976 (6.2% of $48,000)

- FICA Medicare Payable: $696 (1.45% of $48,000)

- Federal Income Tax Payable: $7,200

- Union Dues Payable: $200

- SUTA Payable: $972 (5.4% of $18,000)

- FUTA Payable: $108 (0.6% of $18,000)

b. The accrued payroll taxes and other related employment expenses would be recorded by debiting the following accounts:

- FICA Social Security Payable: $2,976

- FICA Medicare Payable: $696

- Federal Income Tax Payable: $7,200

- Union Dues Payable: $200

- SUTA Payable: $972

- FUTA Payable: $108

- Payroll Tax Expense: Total of all the above accounts

c. The cash payment of salaries on March 18 would involve debiting the following accounts:

- Salaries Payable: $48,000

- Cash: $48,000

d. The March 21st cash payment of all remaining liabilities relating to the March 15th payroll would involve debiting the following accounts:

- FICA Social Security Payable: $2,976

- FICA Medicare Payable: $696

- Federal Income Tax Payable: $7,200

- Union Dues Payable: $200

- SUTA Payable: $972

- FUTA Payable: $108

- Salaries Payable: $48,000

- Cash: Total of the above accounts

The explanation of each entry involves recording the amounts for various payables and expenses related to payroll, including employee deductions and employer taxes. Each entry follows the basic principle of debiting the appropriate expense or payable account and crediting the corresponding liability or cash account. These entries ensure that the financial records reflect the accrued liabilities, payments made, and the appropriate allocation of expenses related to the payroll.

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Which of the following writings will satisfy the Statute of Frauds under the UCC.a. A formal written contract signed by both parties.b. An invoice which describes the goods contracted for.c. A faxed latter acknowledging an order for goods.d. Any or all of the above.e. None of the above. Given the following reaction: L-malate + NAD+ Oxaloacetate + NADH + H+ A G= + 29.7 kJ/mol Which statement is true? O This reaction can only occur in a cell if it is coupled to another reaction with a positive A G. This reaction can never occur in a cell as written. This reaction can only occur in a cell if it is coupled with ATP hydrolysis which has a AG = -30.5 kJ/mol. O This reaction can only occur in a cell where NAD+ is converted to NADH by electron transport. 45. What type of supplement can elevate heart rate, body temperature, and blood pressure?A. MultivitaminB. StimulantC. Herbal supplementD. Electrolyte46. Which process of change requires a fitness professional to help a client identify environmental cues that trigger healthy behaviors and remove cues that trigger unhealthy behaviors?A. Self-liberationB. Stimulus controlC. Dramatic reliefD. Consciousness-raising BALANCED DAY ADJUSTMENTS sunshine Rental Services financial year ends on 30 June, 2022.The following information was available at the end of June which needs adjustments. The business uses the accrual concept when it comes to preparing financial statements. The following information is given below which needs adjusting entries:1. Rent of office premises of $435 for 3-month period ending 31st July is due and to be paid in July.2. The telephone expense of $105 is unpaid and unrecorded at 30 June.3. The supplies account had a debit balance on 1st July, 2021. Supplies costing $980 was purchased during the year and $180 worth of supplies were on hand at 30 June, 2022. 4. Sunshine Rental Services borrowed $9500 from ANNNAZ BANKERS LTD on 15 February 2022. The principle plus interest of 8% per annum is payable on 15th August, 2022. Accrued interest on 30th June has not been recorded.5. The annual depreciation on equipment is estimated to be $4700. The balance in the Accumulated Depreciation at the beginning of the financial year was $7050.6. The office assistant earns $200 a day. He will be paid in July for the 5-day period ending on 3rd July, 2022.7. On 1st June, 2022, Sunshine Rental Services received 2 months rent in advance amounting to $640. This was recorded by a credit to Unearned Rental Revenue.8. Sunshine Rental Services purchased a 6-month insurance policy for $405 on 1st November, 2021. A 24-month policy was purchased on 30th April, 2022 for $1272. Both purchases were recorded by debiting Prepaid Insurance.9. An electrical equipment was purchased on 1st April, 2022 for $65 000 with a useful life of 20 years and a salvage value of $5000. The business uses straight line method for depreciation.REQUIRED: Prepare the necessary adjusting entries for the above events. Also, provide justification why you have made that entry. what is keq for the reaction n2 3h2 2nh3 if the equilibrium concentrations are [nh3] = 3 m, [n2] = 2 m, and [h2] = 1 m?a. Keq=4.5b. Keq=1.125c. Keq=1.5d. Keq=0.75 what are two functions of the capsule or slime layer in bacterial cells A candy bar that originally sold for $.60 undergoes a #% price increase each year. How much would it cost after 13 years