Depreciation expense must be closed to retained earnings at the end of the period because it is a nominal account.
What is an allowance for uncertain costs?Because it lowers the value of an asset—in this case, the accounts receivable—the allowance for dubious accounts is referred to as a "contra asset." The allowance, also known as a bad debt reserve, is management's projection of the amount of accounts receivable that customers will not pay. You may manage your company's cash flow with the aid of an income account and an expense account. All of your company's expenses are kept in an account called an allowance or expense account. Understanding this account is essential since it enables you to keep tabs
Permanent accounts are an alternative - The balances at year-end are carried forward with the associated asset in accumulated depreciation, which is a counter asset account of a specific depreciable asset. Accounts payable must be carried forward in the following accounting period because it is a genuine account. As current assets, prepaid expenses must be carried forward to the following accounting period.
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Answer:
sales revenue
Explanation:
consumers have the right to: group of answer choices receive refunds without sales receipts or other documentation complain if you have a problem with a product obtain free samples of products and services have unlimited warranties on all products
"The right to have information about the quality, potency, quantity, purity, price, and standard of goods or services," as it may be, is the definition of a consumer right.
However, the consumer must be protected from unfair trade practices. Customers need to be aware of these rights very much.
What makes savvy consumers?Avoid buying things that are only good for a short time. Choose items with minimal packaging. Concentrated products are the best option. Only buy what you really need.
What consumer rights exist?The right to choose, the right to be heard, the right to be informed, the right to safety, the right to satisfy one's fundamental needs, the right to redress or remedy, the right to consumer education, and the right to health in the environment.
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7. (1pt) the sleeping flower co. has earnings of $10 per share. the benchmark price-earnings (pe) ratio for a similar company is 20. what stock price would you consider appropriate?
The Value/Profit Proportion shows how much a financial backer will pay for each portion of an organization's income. We can determine the stock's fair market price by using a benchmark P/E ratio and earnings per share.
What is an acceptable PE ratio?Again, these ratios are frequently compared to other things, so what's good or bad depends on what you compare it to. However, to give you an idea of what the market average is, many value investors use the range of 20 to 25 as the average P/E ratio.
Is a PE ratio of 100 acceptable?Investors are informed that the current P/E has reached or exceeded the previous value if the relative P/E measure is at least 100 percent.
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which of the following is done in the first step of the social media marketing strategic planning process? a. situation analysis b. message strategy c. positioning statement d. social media profile e. social media mix
Situation analysis is done in the first step of the social media marketing strategic planning process. The correct answer is option A.
Situation analysis is a method that aids in identifying opportunities and problems for your business, service or product, both internal and external. It can also be used to specify the extent of a problem. When you've figured these things out, you may utilize your conclusions to assist you map out a route from where you are now to where you want to be.
A situation analysis can be done at any time, but it is especially important before you launch a project or introduce a new procedure. It enables you to determine the optimal path of action and proceed without spending time or energy on ineffective movements.
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a bond issued by a corporation on october 1, 2007, is scheduled to mature on october 1, 3007. if today is october 2, 2009, what is this bond's time to maturity? (assume annual interest payments.)
The duration of this bond, if today is October 2, 2009, is 998 years (October 1, 3007 minus October 2, 2009)
What is the duration of a bond?Bond length is a tool to gauge how much bond prices will probably fluctuate if and when interest rates change. Bond duration is a measure of interest rate risk, to put it more precisely. Investors can decide how bonds fit in to a larger investment portfolio by understanding bond length.
How is bond duration determined?The duration formula is used to determine how sensitive a bond is to changes in interest rates. It is computed by dividing the total of the discounted future cash inflow of the bond and the corresponding number of years by the sum of the discounted future cash inflow.
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what approach to career management is entirely employee-driven? in this approach, companies focus on finding the best talent from outside of the organization.
The transitory approach to career management is entirely employee-driven.
Varied people have different definitions of career advancement. Some people focus on taking steps toward promotion (Linear Approach), while others who are content with staying in their existing position focus on honing their own specialization and expanding their knowledge and experience (Expert Approach). Moving between comparable tasks is important for some people (Spiral Approach), while others focus on building a diverse set of abilities and experiences that will allow them to take on a variety of roles, frequently in different fields (Transitory Approach). You must select what is best for you at each stage of life while taking other aspects of your life and your obligations into account. You might choose the same strategy throughout your career or you might think about implementing a different strategy.
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should there be laws to restrict the value of houses people buy and the amount of leverage used to buy the house? what is the problem with having such laws in a free market?
There should be regulations that limit the value of houses that individuals may buy and the amount of leverage they use to acquire the property because if the value of the house is too high, no one can afford it unless they leverage themselves and go bankrupt.
Regulation in the social, political, psychological, and economic domains can take many forms, including legal restrictions imposed by a government authority, contractual obligations, self-regulation in psychology, social regulation, co-regulation, third-party regulation, certification, accreditation, or market regulation. State-mandated regulation is government interference in the private market to implement policies and generate outcomes that would not otherwise occur, ranging from consumer protection to speedier growth or technical innovation. The regulations may prescribe or prohibit behavior ("command-and-control" regulation), calibrate rewards ("incentive" regulation), or alter preferences ("preferences shaping" regulation). The ability to regulate should include the ability to enforce regulatory decisions. Monitoring is a significant technique utilized by national regulatory authorities in carrying out regulated operations.
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an investment company you are analyzing had a net asset value of $16.00 on january 1 of last year. on january 1 of this year, its nav was $17.50. during this period, you notice that the asked price declined by more than $2 per share. this investment company must be a(n):
The investment company must be a Option(c) Closed-end investment company.
What are closed-end funds?Closed-end funds are created by investment organizations that issue shares to investors. In closed-end funds, pricing reflects investor sentiment, because they trade like stocks. When investors become disenchanted with the fund, it can trade at a discount to Net Asset Value (NAV).
There may be a premium or discount between the market price and the net asset value of closed-end funds. There can be no discount on the fund's net asset value when it sells at an open-end investment company. It must be a closed-end investment company if the net asset value increased by $1.50 and the price declined by more than $2.00.
Options:Option(a) Open-end investment company
Option(b) Specialized fund
Option(c) Closed-end investment company
Option(d) Dual-purpose mutual fund
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suppose you purchased a stock a year ago. today, you receive a dividend of $18 and you sell the stock for $114. if your return was 13%, at what price did you buy the stock? $ .
$113.85 is the stock buying price
Given Rate of return = 13% = 0.13
Current value = $114
Let initial value = z
Rate of return=[(Current value−Initial value) / Initial value ]×100
0.13= [($114 - z) / z] x 100
0.0013z = $114 - z
z + 0.0013 = $114
1.0013z = $114
z = $114/1.0013
z = $113.85
What is stock buying price?
The sum an investor pays for an investment is referred to as the purchase price, and that amount becomes the investor's cost basis for determining gain or loss when the investment is sold. Pricing will undoubtedly be crucial if a product is currently in high demand on the market because a price increase may deter buyers from purchasing it. In a similar vein, if prices are reduced in such market circumstances, then customers' purchases will rise sharply.
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according to the constant growth dividend discount model the price of a stock whose dividend is growing at a rate g will:
The constant growth dividend discount model predicts that the price of a company whose dividend grows at a rate of g percent will rise over time at a rate of g percent. Thus, the right option is Increase overtime at the rate of g percent.
How do companies calculate dividends?A dividend is a revenue payment provided to shareholders by a company. When a company makes a profit or has a surplus, it can pay out a portion of its profits to shareholders in the form of a dividend.
Divide the number of outstanding shares by the dividend payout per share. For example, if a corporation's board of directors declares a dividend payment of $. 30 per share on 50,000 shares, the dividend payment equals $. 30 x 50,000 = $15,000.
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what is a sequence diagram used for? why would an analyst choose a sequence diagram over a communication diagram?
In a sequence diagram, you can see which methods are called and when. The main focus of a communication diagram is on whether or not communication occurs between items.
A communication diagram represents the interactions of objects or communication diagram components as a series of messages. Communication diagrams combine data from Class, Sequence, and Use sequence Case Diagrams to depict the static organization and dynamic behavior of a system.
However, like object diagrams, communication diagrams employ a free-form arrangement of objects and links. Messages are labeled with a communication diagram chronological number and placed close to the sequence link they are sent over in a order to maintain the ordering of messages in such a free-form diagram. You should start at message 1.0 in a communication diagram and read the messages from object to object.
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omar and penn want to discharge their contract by executing a new agreement with performance different from what they originally promised. they can best accomplish this by
They can best accomplish Discharge of contract by an accord and satisfaction
The term discharge of contract refers to the termination of the parties' contractual relationship. When a contract ceases to operate, the rights and obligations created by the parties are said to have been discharged. A contract can be discharged if the parties mutually agree to end it. Furthermore, there are various methods for contract termination.
The following methods are used to discharge a contract:
Discharge by Performance
Discharge by Agreement or Consent
Discharge by Performance Impossibility
Discharge by Time Lapse
Discharge by Operation of Law
Discharge by Breach of Contract
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a variety of factors relating to industry structure affect the performance of the firm, including a. threat of entry. b. rivalry between existing competitors. c. the state of the economy. d. a and c. e. a and b.
Several factors related to industry structure influence business performance, including threat of entrance and competitiveness among current competitors.
An industry is a group of companies that are associated by their major business activities. There are numerous industry classifications in modern economies. Industry classifications are often divided into bigger divisions known as sectors.
Individual businesses are often grouped into industries depending on their primary sources of revenue. While an automobile manufacturer may have a financing segment that provides 10% of total income, most categorization methods would classify the company as an automaker. The major product that a corporation manufactures or sells determines the industry classification. Meanwhile, industries are divided into sectors.
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yamaska mining issued a 5-year, $50 million face, 6% semiannual bond when market interest rates were 7%. the market yield of the bonds was 8% at the beginning of the next year. using the effective interest rate method, what is the initial balance sheet liability, and what is the interest expense that the company should report for the first half of the second year of the bond's life (the third semiannual period)?
The total interest a borrower will pay over the course of the debt is called the interest cost.Interest costs will be $1,689,853.
Find the solution ?Since the market interest rate at issuance is higher than the coupon rate, this bond is a discount bond.
The initial liability is equal to the money collected from the sale of the bond.
The following equation can be used to determine this sum:
FV = 50,000,000; N = 10; I = 3.5;
PMT = 1,500,000;
PV=FV/(1+i)n
CPT PV = $47,920,848.67.
To obtain the liabilities value at the start of the bond's second year of existence, 48,281,511, change N to 8, then compute PV.
For the subsequent semi-annual period,
interest costs will be 48,281,511(0.035) = $1,689,853.
The amortization of the discount is unaffected by the following change in market rate.
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sally's seashells, a calendar year company, purchased three assets during april of the current year: asset a costing $20,000 with a 5-year recovery period; asset b costing $20,000 with a 7-year recovery period; asset c costing $120,000 with a 27.5 year recovery period. sally wants to maximize her depreciation deduction for the year. if she takes section 179 expense on only one asset, she should chose
The fair market value of any property received is multiplied by any cash received in exchange to arrive at the realized amount.
The adjusted basis is determined by subtracting any deductions for depreciation and depletion from the original cost, adding the cost of improvements and related expenses, and dividing by the total.
Which kinds of assets are typically eligible for the bonus depreciation?(1) MACRS property with a recovery period of 20 years or less, and (2) computer software (other than computer software that must be amortized in accordance with Sec.197), or (3) qualified property for leasehold improvement.
How are gains and losses from asset dispositions calculated?The carrying value of the asset is the asset's original purchase price minus any accumulated depreciation and impairment charges. Add this carrying amount to the asset's sale price. A gain occurs when the remainder is positive. A loss occurs when the remainder is negative.
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kai decides to keep his price the same and add color, increasing variable costs by $0.40 per issue. what is the percent increase in unit volume (copies per issue) required to maintain $500 profits and cover the increased fixed and variable costs?
This is based on the notion that the total amount that each sales quantity contributes to a company's profits is known as the contribution margin.
How is contribution margin and break even point calculated?The first part of the question is missing, so I looked it up:Kai charges college students $2.05 for each issue of his tiny magazine that is packed with famous rumors. The sole set expense is $431 per issue for renting the printing press for a single day. Each issue has a variable cost of $1.19 per copy.The contribution margin and break even point were as follows :contribution margin = $2.05 - $1.19 = $0.86
break even point in units = $431 / $0.86 = 501.16 ≈ 502 units
break even point in $ = 502 x $2.05 = $1,029.10
Kai has to sell 1,083 copies in order to make $500 in profits ($931 / $0.86 = 1,082.56 1,083).After color is added:contribution margin = $2.05 - $1.19 = $0.46
break even point in units = $431 / $0.46 = 936.96 ≈ 937 units
break even point in $ = 937 x $2.05 = $1,920.85
Kai needs to sell 2,024 copies in order to make $500 in profits ($931 / $0.46 = 2,023.91 = 2,024).To Learn more contribution margin refer to :
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An employee tells their employer how much income tax to withhold from their taxable wages by completing what form?.
Before a worker is entered into the payroll system for payment from an organization, they have to complete many forms regarding tax deductions and citizenship.
Some forms are updated annually because the federal agency starts with updated forms. Complete kind W-4 thus, your leader will withhold the proper federal taxation from your pay.
The W-4, additionally referred to as the employee's withholding allowance certificate tells employers what proportion of revenue enhancement to withhold from associate employees' pay.
As noted, the shape tells your leader what proportion of federal revenue enhancement to withhold from your payroll check.
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consider the market for beef. (assume that chicken and beef are not substitutes in production). if a new study is released touting supposed health benefits of chicken, what will happen to the equilibrium price and quantity of beef
A rise in the price of beef will result in an increase in the number of individuals who desire chicken, which raises the price of chicken and the quantity of birds purchased at the market. Take the market for chicken as an example.
What is Market?
In general, a market is a place where buyers and sellers congregate to facilitate the efficient exchange and transaction of goods and services.
A market may be present physically, like in a retail store, or virtually, like an online retailer. Other forms of markets include black markets, auction markets, and financial markets.
The sum of money or other forms of payment that one party provides to another in exchange for the provision of goods or services is known as a price.
The cost of manufacturing is referred to using numerous terms depending on the situation.
The term "price" will typically be used if the item is referred to as a "good" in the context of the business transaction.
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if dell buys a computer from a foreign producer for $500 and sells it to best buy for $800, who then sells it to a consumer for $1,200, what is dell's value added, best buy's value added, and the computer's contribution to gdp?
If Dell buys a computer from a foreign manufacturer for $500 and sells it to Best Buy for $800, sells it to a consumer for $1,200, the value added by Dell, Best Buy, and the computer are $300, $400, and $700, respectively.
Manufacturing is the creation or manufacturing of items using equipment, manpower, machines, tools, and chemical or biological processing or formulation. It is the essence of the secondary sector of the economy. The phrase can relate to a wide range of human activities, from handcraft to high-tech, but it is most usually applied to industrial design, which involves the large-scale transformation of raw materials from the primary sector into completed commodities.
Manufacturing engineering is the branch of engineering that plans and optimizes the manufacturing process, or the procedures by which raw materials are transformed into a finished product. The manufacturing process begins with the product design and material specifications. These components are subsequently processed to create the final output.
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he unpredictability of exchange rate movements in the post-bretton woods era has lead to which two situations?
The unpredictability of exchange rate movements in the post-Bretton Woods era has lead to which two situations:
Added risk to exporting and importing.Made international business planning difficult.What transpired with exchange rates once the Bretton Woods system was destroyed?The Committee recognized three fundamental shortcomings of the Bretton Woods System: adjustment, confidence, and liquidity. The Bretton Woods parity had been a source of difficulty for the dollar for the majority of the 1960s, but this crisis signaled the end of the system.
The major currencies started to float against one another in March 1973 after an attempt to restore the fixed exchange rates was unsuccessful. The Bretton Woods system was replaced with a floating exchange rate system in 1973, and the IMF officially accepted floating rates in 1976.
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according to ronald coase, when should we expect to see a transaction occur within a firm as opposed to between two firms?
Ronald Coase contends that transaction costs will follow the same course as when the MC between two businesses is lower than the MC inside one company, leading to transactions between the two firms in the opposite firm.
According to the Coase Theorem, if one party possesses property rights, it is feasible to reach an efficient level of production by negotiations between the two parties, and the market can provide an efficient result.
According to the Coase Theorem, the distribution of property rights is irrelevant in the absence of transaction costs, such as those associated with finding potential trading partners, negotiating contracts, checking for compliance, and so forth. Consider the scenario where a factory owner has an unrestricted right to pollute.
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Wireless Solutions reports operating expenses of $835,000. Operating expenses include both rent expense and salaries expense. Prepaid rent increases during the year by $15,000 and salaries payable increases by $12,500. What is the cash paid for operating expenses during the year? (List cash outflows and any decrease in cash as negative amounts. )
Cash Paid for operating expenses during the year $830,000
What are operating expenses?
Operating expenses are costs that a business incurs to maintain its core operations on a daily basis.
In the above case
Total Operating Expenses reported by Wireless Solutions = $835,000
Increase in Prepaid Rent means ---during the year company has paid amount for prepaid expenses.
Increase in Salaries Payable means the salaries are outstanding and payment was not made by the company.
Operating expenses reported by company $835,000
Add: Increase in Prepaid expenses $15,000Less: Increase in Salaries Payable ($20,000)Cash Paid for operating expenses during the year $830,000
Hence, Cash Paid for operating expenses during the year $830,000
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15-3.5casho is going to see a movie and is taking her 2 kids. each movie ticket costs $13 and there are an assortment of snacks available to purchase for $5 each. how much total money would casho have to pay for her family if she were to buy 4 snacks for everybody to share? how much would casho have to pay if she bought xx snacks for everybody to share?
Casho have to pay $59 if she bought 4 snacks for everybody to share.
Given,
Casho + her 2 kids would equal 3 people in total.
According to the question, the tickets are $13 each.
Since there are 3 tickets and price of each ticket is $13 hence we will multiply 13 by 3 to get the total price of three tickets which is 39
= 13 x 3 = 39
According to the question, snacks are available for $5 each.
We need to find the total price of ticket and snacks given price of each snack is 5 and we multiply 4 by 5 to get the answer 20 and we add this to 39 to get the answer 59.
= 39 + 5(4)
= 39 + 5(4)
= 39 + 20 = $59
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question 6 a data analyst wants to save stakeholders time and effort when working with a tableau dashboard. they also want to direct stakeholders to the most important data. what process can they use to achieve both goals?
When working with a tableau dashboard, a data analyst wants to save stakeholders time and effort. They can also use pre-filtering to direct stakeholders to the most important data. Because it directs stakeholders to the most important data, pre-filtering saves time and effort.
A stakeholder is a person, group, or organization that is affected by the outcome of a project or business venture. Stakeholders have an interest in the project's success and can be from within or outside the organization that is sponsoring it.
A stakeholder in a business is any individual, group, or party who has an interest in an organization and the outcomes of its actions.
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which of the following statements is false? a) problems can arise using the irr method when the mutually exclusive investments have different cash flow patterns. b) the irr is affected by the scale of the investment opportunity. c) multiple incremental irrs might exist. d) the incremental irr rule assumes that the riskiness of the two projects is the same.
Option b.) IRR is affected by the size of the investment opportunity is the correct answer. This is because using the IRR method can be problematic when mutually exclusive investments have different cash flow patterns.
The incremental IRR rule assumes that two projects have equal risk. There can be multiple incremental IRRs. The internal rate of return (IRR) is the discount rate that drives the net present value (NPV) of a project to zero. In other words, the total annual return expected to be achieved on a project or investment.
In addition to the portion of the indicator that reflects market dynamics and economic strength, other factors such as project strategic positioning, business performance, leverage and leverage also contribute to his IRR.
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assume that the u.s. can produce apples at a cost of $5 a bushel and canada can produce apples at a cost of $6 per bushel . which nation has to comparative advantage?
U.S has comparative advantage in the present scenario. So Canada has to down the rate for the advantage.
how does comparative advantage come into play?The ability of a producer to manufacture one good more effectively than another is known as comparative advantage. For instance, it is possible to generate good A more effectively than good B. Instead of using just manufacturing costs, this comparison takes into account the potential costs associated with each good.
What justifies comparative advantage?According to the comparative advantage theory, which was made famous by David Ricardo, free commerce can still occur even when one of the parties to a transaction has an absolute competitive advantage over the other in all areas of production.
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what involves presenting an accurate and positive image of the firm to those it is recruiting for jobs.
A realistic job presentation (RJP) is a presentation of positive and negative information about the job and the organization to potential applicants.
A realistic job overview (RJP) is a tool that informs the candidate about the job and the organization, both in terms of pros and cons.
The goal is to show applicants a real picture of the job and the organization. Recruitment is always two-way. However, most organizations ask applicants a thousand questions, so there is usually little time left to inform the candidate.
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the two principal types of municipal bonds are . a. floating-rate bonds and indexed bonds b. general obligation bonds and indexed bonds c. floating-rate bonds and revenue bonds d. income bonds and putable bonds e. revenue bonds and general obligation bonds
Option e.) Revenue bonds and general obligation bonds are the correct answers. Because general bonds or GO bonds are backed by the general revenue of the issuing municipality whereas revenue bonds are backed by a specific source of revenue and these two main types are municipal bonds. .
Their common difference is that general purpose bonds are state and local government bonds sold to finance specific income-generating projects, whereas revenue bonds State and local government bonds backed by full trust and creditworthiness. Targets political parties.
A Moral Commitment Bond is a tax-exempt revenue bond issued by a local government or similar government agency that has a moral but not legal obligation, even if it means raising the money elsewhere, to avoid default.
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which of the following items are needed to calculate macrs depreciation for an asset? (check all that apply.) multiple select question. asset's expected usefulness applicable recovery period applicable depreciation convention asset's condition or age date placed in service asset's depreciable basis applicable depreciation method
The items which are needed to calculate macrs depreciation for an asset will be the asset's expected usefulness applicable recovery period.
What is macrs depreciation?MACRS is the main wear and tear method used for tax purposes. With MACRS, you can take more tax credits in the early stages of your property and less in later years. Depreciation is an important part of fixed asset accounting and many very small businesses use MACRS to record depreciation in their books and tax returns.When you purchase an asset (such as equipment, software, or even a building) for your business, you generally cannot write off the full cost of the asset in the year of purchase. Rather, the IRS allows you to deduct only a portion of the expense each year over the number of years the asset is expected to live.Depreciation allows companies to spread the cost of assets such as buildings, equipment and machinery, vehicles, and furniture over the years the assets are used.To calculate straight-line depreciation, subtract the asset's residual value (the expected value at the end of its useful life) from its cost. The result is the basis for depreciation or depreciable amount. Divide this amount by the useful life of the asset.To know more about MACRS depreciation refer to:
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it is frequently necessary to perform dilutions of a stock solution in the laboratory. if you were instructed to make a 1:2 dilution of a stock solution to arrive at a final volume of 6, how much stock solution would you need to pipet?
In the laboratory, dilutions of a stock solution are commonly required. If you were told to dilute a stock solution by 1:2 to get a final volume of 6, the stock solution you would need to pipet is 250 units. Thus, the correct volume is 250 units.
What is dilution?Dilution is the process of reducing the concentration of a solute in a solution, which is usually accomplished by simply adding more solvents to the solution. When you dilute a solution, you add more solvent without adding additional solute. To ensure that all components are identical, the resulting solution is thoroughly mixed.
Dilution factor = [tex]\frac{Volume of stock solution}{Final Volume}[/tex]
Where:
Final Volume = Volume of stock +Volume of dilute
[tex]\frac{1}{2} =[/tex] [tex]\frac{Volume of stock}{500}[/tex]
The volume of stock to be taken [tex]= 500[/tex]×[tex]\frac{1}{2}[/tex]
= 250 unit volume
The volume of dilute = Final volume - the volume of stock
= 500 - 250
Thus, the correct volume is 250 units.
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the service recovery paradox shows that: a. when an organization recovers, it does not increase satisfaction. b. loyalty can increase as long as service-level performance is high. c. loyalty can increase even when service is low. d. when there is a service failure with effective recovery, loyalty can increase.
The service recovery paradox shows that when there is a service failure with effective recovery, loyalty can increase.
What is service recovery paradox?
The service recovery paradox (SRP) occurs when a customer has a higher positive opinion of a business after the business has fixed an issue with their service than they would have if non-faulty service had been supplied. The key justification for this way of thinking is that a customer's assurance and confidence are increased when a defective service is successfully recovered.
Since service failure is one of the key factors in customers' switching behavior and effective recovery from these failures is viewed by some as essential for customer retention, understanding SRP has been a priority for both researchers and management. For service providers who cannot guarantee an error-free service, recovery is extremely crucial.
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