Red Builders ought to have recorded a $300,000 profit at the end of the first year.
Total expected costs = cost incurred to date + estimated cost to complete
= 1,200,000 + 3,600,000
= 4,800,000
Percentage of completion = (cost incurred to date/total expected cost) × 100
= (1,200,000/4,800,000) × 100
= 0.25
= 25%
Profit = contract revenue - Total expected costs
= $6,000,000 - 4,800,000
= $1,200,000
Cumulative gross profit = Profit × Percentage of completion
= $1,200,000 × 0.25
= $300,000
Therefore, Red Builders ought to have recorded a $300,000 profit at the end of the first year.
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--The given question is incomplete; the complete question is
"Red Builders agrees to construct a new building for Blue Co. for a total contract price of $6,000,000. The estimated construction costs at inception were $4,000,000. The construction project was completed after two years. Below are the actual costs for years 1 and 2: Description Cumulative
Year 1 Year 2
The cost incurred to date is 1,200,000 2,500,000
Estimated additional costs to complete 3,600,000 2,100,000
Billings 1,050,000 2,300,000
Cash Collections 1,000,000 1,900,000
Red has determined that this contract qualifies for revenue recognition over time (as opposed to upon completion). As a result, Red Builders should have recognized profit at the end of year 1 in the amount of:
a. $300,000
b. $600,000
c. $1,050,000
d. $1,000,000"--
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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ACTIVITY 1.13 Indicate the GAAP concepts that relate to the following statements: 1. Land and buildings are shown in the Statement of Financial Position a R250 000, even though the municipal valuation indicates R1 000 000 2. When merchandise is sold, the selling price and cost price is recorded the same time. 3. The owner of the business wins RI 000 in a competition. This amoun not recorded in the books of the business. 4. Petrol costs and servicing of vehicles recorded "Motor expenses
The GAAP concept that relates to the statement is the going concern concept.
The concept of MaterialityLand and buildings are shown in the Statement of Financial Position at their historical cost.Accrual Basis of AccountingPrudence PrincipleMatching PrincipleThis concept states that a business should continue to operate for the foreseeable future and that assets should be recorded at their current fair value. In this case, even though the municipal valuation is higher than the amount recorded in the statement of financial position, the amount recorded complies with the going concern concept.The GAAP concept that relates to this statement is the matching principle. This principle states that expenses should be matched to their related revenue in the period in which they were incurred. In this case, the selling price and cost price are recorded in the same period, which complies with the matching principle.The GAAP concept that relates to this statement is the revenue recognition principle. This principle states that revenue should only be recorded when it has been earned. Since the owner of the business has not earned the prize money yet, it should not be recorded in the books of the business.The GAAP concept that relates to this statement is the materiality concept. This concept states that transactions must be recorded if their amounts are material. In this case, petrol costs and servicing of vehicles are recorded under the “Motor expenses” category, which is material and complies with the materiality concept.To learn more about the concept of Materiality refer to:
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Goods can be defined in terms of their physical attributes, but services cannot because they are intangible.T
True, Goods can be defined in terms of their physical attributes, but services cannot because they are intangible.
What are intangible characteristics of service?
1. Quality: The level of quality of a service is an intangible characteristic that affects a customer's overall experience.
2. Reliability: The dependability and consistency of a service is an intangible characteristic that customers look for when choosing a service.
3. Responsiveness: How quickly a service responds to customer inquiries or requests is an intangible characteristic that customers value.
4. Flexibility: The ability of a service to adapt to customer needs or preferences is an intangible characteristic that can strengthen customer relationships.
5. Creativity: The ability of a service to provide innovative solutions to customer needs is an intangible characteristic that can differentiate a service from its competitors.
6. Empathy: The ability of a service to understand and empathize with customer needs is an intangible characteristic that can increase customer loyalty.
7. Professionalism: The level of professionalism of a service is an intangible characteristic that can reflect positively on a business.
8. Trustworthiness: The trustworthiness of a service is an intangible characteristic that customers look for when choosing a service provider.
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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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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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Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues $ 35,000 Expenses:
Salaries Advertising 5,200
Utilities 3,200 Net income BULLDOG, INC.
Statement of Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Beginning balance $ 9,200 $ 6,200 $ 15,400 Issuances 1,200 1,200 Add: Net income Less: Dividends (2,200) (2,200) Ending balance $ 10,400 $ 9,200 $ 19,600 BULLDOG, INC. Balance Sheet Assets Liabilities Cash $ 3,200 Accounts payable Accounts receivable 2,200 Stockholders' Equity Supplies 8,200 Common stock Equipment 9,200 Retained earnings Total assets $ 22,800 Total liabilities and stockholders' equity
Total liabilities and stockholders’ equity = $22,800, Common stock = $10,400, Retained earnings = $9,200, Accounts payable = $3,200, Net income = $5,200 and Salaries expense = $21,400
Total liabilities and stockholders’ equity
= Total assets
= $22,800
Common stock
= Ending balance of common stock as per statement of stockholders’ equity
= $10,400
Retained earnings
= Ending balance of retained earnings as per statement of stockholders’ equity
= $9,200
Accounts payable
= Total liabilities and stockholders’ equity – Total stockholders’ equity
= $22,800 - $19,600
= $3,200
Net income
= Ending balance of retained earnings + Dividends – Beginning balance of retained earnings
= $9,200 + $2,200 - $6,200
= $5,200
Salaries expense
= Revenues – Advertising – Utilities – Net income
= $35,000 - $5,200 - $3,200 - $5,200
= $21,400
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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
what is a bad listening habit?
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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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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What did the fourth assessment report of the Intergovernmental Panel on Climate Change conclude?
The fourth assessment report of the Intergovernmental Panel on Climate Change concluded that warming of the climate system is unequivocal.
Climate Change 2007, the Fourth Assessment Report (AR4) of the United Nations Intergovernmental Panel on Climate Change (IPCC), was released in 2007.
It is the fourth in a series of reports designed to assess scientific, technical, and socioeconomic information about climate change, its potential effects, and adaptation and mitigation options.
The report is the most comprehensive and extensive account of the state of climate change ever created, with thousands of authors, editors, and reviewers from dozens of nations citing over 6,000 peer-reviewed scientific papers.
The IPCC Fourth Assessment Report, which took six years to complete, included contributions from people in over 130 nations. More than 2,500 scientific expert reviewers, more than 800 contributing authors, and more than 450 lead authors contributed to AR4.
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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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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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The Financial Accounting Standards Board's (FASB) objectives of financial reporting for not-for-profit organizations includes which of the following? A. Assessing management stewardship and performance.
B. Assessing budget to actual performance for the period.
C. All of the above are objectives.
D. Assessing fiscal accountability.
The Financial Accounting Standards Board's (FASB) objectives of financial reporting for not-for-profit organizations includes Assessing management stewardship and performance.
What are the financial reporting goals of the FASB?Financial reporting's goal is to give existing and future owners, lenders, and other debtors financial data about the reporting company that they can use to decide whether to give the entity resources.
Which accounting principles do nonprofits adhere to?The commonly accepted accounting principles, or GAAP, must be followed by both government and nonprofit organizations. The primary goal of GAAP is to guarantee accurate and timely reporting of financial data.
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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
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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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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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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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.
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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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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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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During the week, keep track of all the negative thoughts you have about people in your world. In 250 words, respond to the follow: What themes do you see emerging? How do they relate to your personal TRIP goals?
After keeping track of all the bad thoughts I've had about the people in my life for a week, I've noticed a handful recurring motifs emerge.
One recurring issue I've seen is that many of my unfavorable views about others are the result of my actions. An example of this is when I don't want to go somewhere with my friends but they insist, and I feel like I'll miss out if I don't.
Then, when I do go, I generate negative thoughts because I am easily annoyed because I did not want to go in the first place. Another thread that has emerged when assessing the negative thoughts I've had about people in my life is that I seem to have a shorter temper recently.
Smaller things have irritated me, causing me to form negative opinions about people. These are related to my personal TRIP goals because they have a lot to do with the personal relationships in my life as well as my personal identity.
According to a Kendall Publishing article, "identity goals are undoubtedly the most important goals when talking about public relations" (2021, p.229)
I believe I have a quick temper because I am concerned about starting college and discovering my identity. This causes me to respond more quickly than I should and to experience bad feelings when I should not.
I believe that being able to track these negative emotions for the previous week has allowed me to examine and recognize where I have been causing myself stress.
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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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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 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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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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which of the following is not an expected outcome from strategic group map analysis. group of answer choices it may reveal gaps in the industry where there is very little current competition. it will provide a good overview of the profit potential of the industry. it provides an opportunity to see other potential paths to success. it helps you to focus on the most relevant competitors.
It provides an opportunity to see other potential paths to success is not an expected outcome from strategic group map analysis.
What is strategic group map analysis?The application of strategic group map analysis in strategic management allows for the visual representation of various companies' locations within an industry depending on their market positioning. Key strategic characteristics, such as product differentiation, cost structure, or target market segments, are used to plot companies on a two-dimensional graph to conduct the analysis.
The goal of this research is to paint a clear picture of the industry's competitive environment so that businesses can better comprehend their positions compared to others and those of their rivals. A company's future course can be decided using this information to help in strategic decision-making.
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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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C. F. Lee Inc. has the following income statement. How much after-tax operating income does the firm have? Sales $2,850.00 Costs 1,850.00 Depreciation 192.00 EBIT $ 808.00 Interest expense 285.00 EBT $ 523.00 Taxes (35%) 183.05 Net income $ 339.95
C. F. Lee Inc. records $525.20 of after-tax operating income.
After-tax operating income refers to a company's total operating income after being deducted by income taxes. After-tax operating income excludes any after-tax benefits. After-tax operating income can be calculated using formula:
After-tax operating income = Operating income x (100% - income taxes)
From the case, we know that:
Sales = $2,850
Costs = $1,850
Depreciation = $192
EBIT = $808
Interest expense = $285
EBT = $523
Taxes (35%) = $183.05
Net income = $339.95
To calculate the after-tax operating income, we will use EBIT value as the operating income. Hence, after-tax operating income would be:
After-tax operating income = EBIT (100% - income taxes)
After-tax operating income = $808 (100% - 35%)
After-tax operating income = $808 x 65%
After-tax operating income = %525.20
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