Correct answer is option 3. Given statement State electors assemble in Washington to cast their ballots is incorrect.
Elections are held in the United States for government leaders at the national, state, as well as local levels. The president of the United States is elected obliquely by the folks of each state via an Electoral College at the federal level.
Today, these electors most often vote in accordance with their state's popular vote. The people of each state directly elect all representatives of the federal legislature, the Congress.
At the state level, there are numerous elected positions, with each state at least an optional legislator and legislature. Local elected offices exist in counties, cities, cities, townships, boroughs, and villages, as well as special districts and school systems that may cross county and municipal boundaries.
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Complete question:
which of the following statements is incorrect? group of answer choices
Each state receives an electoral vote for each member it has in the house and the senate. Electoral ballots are opened before a joint session of congress during the first week in january. State electors assemble in washington to cast their ballots. In some states, electoral votes can be split. In order to win an election, a candidate must receive at least 50% 1 votes of the electoral college.west wind, inc. has 5,200,000 shares of common stock outstanding with a market value of $70 per share. net income for the coming year is expected to be $7,000,000. what impact will a two-for-one stock split have on the earnings per share and on the price of the stock? round the earnings per share to the nearest cent and the prices of the stock to the nearest dollar. eps before the split: $ eps after the split: $ price of the stock before the split: $ per share price of the stock after the split: $ per share
The EPS before the split is $1.35 and after the split, it is $0.68, and the price of the stock before the split is $70 per share and after the split, it is $35 per share.
EPS is a measure of a company's profitability, calculated by dividing the net profit by the number of outstanding shares of stock. It is used by investors to evaluate a company's financial performance and to compare it with other companies in the same industry. EPS is a widely used financial metric that provides an idea of the company's ability to generate profits for its shareholders. A higher EPS indicates that a company is profitable, and therefore, attractive to investors.
EPS is calculated after taking into account all the expenses, including taxes and interest, which have been incurred by the company during a given period. It is typically calculated on a quarterly or annual basis and is widely used to gauge the overall financial health of a company. A higher EPS is an indication of good management, efficient operations, and strong demand for the company's products or services. A lower EPS, on the other hand, could indicate that a company is facing challenges in generating profits or that it is not effectively managing its expenses.
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there is a strong positive correlation between ice cream sales and instances of snakebites. which of the following is the most likely explanation for this correlation?
Hot weather is a strong positive correlation between ice cream sales and instances of snakebites.
What is correlation?Any statistical association between two random variables or bivariate data, whether causal or not, is referred to in statistics as correlation or dependency. Although "correlation" can mean any kind of link in the widest sense, in statistics it often refers to the strength of a pair of variables' linear relationships.
Examples of common dependent phenomena include the relationship between parent and child height and the relationship between a good's price and the number of units buyers are prepared to buy, as shown in the so-called demand curve.
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assuming there are only these three people in the market, create the market demand curve for electricity on the second graph. move each of the points of the market demand curve provided to plot the appropriate market demand according to the dataset provided. round down to the nearest whole kwh for each consumer.
The marketplace demand curve for electricity can be observed given that simplest people in the marketplace are only these three people in the market , with the aid of round down to the nearest whole kwh for each consumer.
A marketplace demand curve is a graphical representation of the relationship between the price of a good or service and the quantity of it that consumers are willing and able to purchase. It shows how the demand for a product changes as its price changes. The curve slopes downwards, indicating that as the price of a product decreases, the quantity demanded of it will increase. Conversely, as the price of a product increases, the quantity demanded of it will decrease.
The demand curve is useful for companies and policymakers to understand how changes in price affect consumer behavior, and to make informed decisions about pricing and production. The demand curve is also a crucial tool in microeconomic analysis, as it is one of the building blocks for understanding market dynamics and the functioning of a market economy.
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What is represented on the X axis of a cost-volume-profit (CVP) graph? points Skipped eBook O Sales revenue O Fixed cost O Unit volume O Variable cost Print References Knowledge Check 02 What is usually plotted as a horizontal line on the CVP graph? O Fixed expenses O Variable costs O Sales revenues O Break-even volume
A cost-volume-profit (CVP) plot displays unit volume (option b) on the X axis. On the CVP graph, fixed expenses are often represented by a horizontal line. (Choice A)
How is a CVP graph read?The relationship among total revenues and total costs is depicted in the graph above. Losses are represented in the between the two columns underneath the break-even point, while total profits are displayed in the space above the break-even point. You can use this graph to show profit at various output levels. The cost-volume-profit analysis is graphically represented by the cost-volume-profit chart, also known as the CVP chart. To put it another way, it's a plot that depicts the link in between cost of production units as well as the quantity of units generated utilizing fixed costs, overall.
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when a financial institution accepts short-term deposits from investors and uses those funds to issue long-term loans to borrowers, they are engaging in ___
A financial institution engage in asset transformation if it accepts short-term deposits from investors and uses those funds to issue long-term loans to borrowers .
Asset transformation is the process of transforming liabilities (deposits) into new, somewhat hazardous, big denomination assets (loans) that are repaid according to a predetermined schedule by converting small denomination, readily available, and relatively risk free bank deposits into loans. the trading-in of one kind of asset by a company for another. For instance, improvements in computer and communication technologies that enable businesses to quickly and accurately obtain information about client demand have allowed companies to lower prices Asset transformation is the process of turning several low-risk short-term loans into riskier long-term illiquid advances or loans.
they have inventory.he majority of profits made by individual banks come from converting assets to satisfy contradictory requirements.
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Geo Corporation issues stock to investors for $100,000. Recording this transaction will include which of the following? select all
A. Credit common stock
B. Credit revenues
C. Debit to cash
D. Debit to retained earnings
The information required to create the balance sheet and income statement comes from a general ledger (GL), which keeps track of all activities that have an impact on a company's accounting components such as assets, liabilities, equity, expenses, and revenue.
Typical balance sheet accounts for a corporation include cash, short-term investments, accounts receivable, allowance for doubtful accounts, inventory, investments, land, buildings, equipment, furniture and fixtures, accumulated depreciation, notes payable, accounts payable, payroll taxes payable, and paid-in capital. Common stock is typically valued at its fair value, which is typically the amount of cash received, at the time of issuance. Any excess beyond par value is then applied to extra paid-in capital. Those revenues are first applied to the par value of the shares (if any).
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pavel is an inventor. he read that there were several million people who could not sleep at night until they looked under the bed. he invented a light that could be put under the bed and went on automatically when someone looked there. pavel's product is designed to help people perform a . question 17 options: ritual rite of passage convention symbolic exchange
The invention of Pavel is designed in a manner which will help people a ritual that is option A is correct.
The job of any inventor is to create inventions that will help the people in many ways and it will make their life easy. Pavel is also an inventor and he intends to help people all over the world with his inventions. When he studies and carries out a research he comes to know that millions of people around the world are unable to sleep at night until and unless they looked under their bed. So to help people, he invented a bulb that will automatically turn on when someone looked at it. This will help the people to perform their ritual of looking under the bed and it will also ease their way of doing the ritual.
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Complete Question:
Pavel is an inventor. he read that there were several million people who could not sleep at night until they looked under the bed. he invented a light that could be put under the bed and went on automatically when someone looked there. Pavel's product is designed to help people perform a . question 17 options:
A. ritual
B. rite of passage
C. convention
D. symbolic exchange
suppose you have a student loan with an annual interest rate of 4 percent. one day your lender announces that the interest rate will soon increase to an annual rate of 5 percent. your friend claims that this only one percentage increase in your interest rate. is she correct? why? why not? if she is incorrect, what is the actual percentage increase in your interest rates? what is the percentage point increase in your interest rates? [3 points]
Your friend is incorrect. The actual percentage increase in your interest rate is 25%, not 1%.
The formula for calculating the percentage increase is:
((new rate - old rate) / old rate) x 100 = % increase
Plugging in the numbers:
((5 - 4) / 4) x 100 = 25
So, the actual percentage increase in your interest rate is 25%.
Additionally, the percentage point increase in your interest rate is 1 percentage point or 1%. The percentage point increase is simply the difference between the old rate and the new rate, so in this case it would be 5 - 4 = 1.
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Jameson estimates that 20,000 direct labor-hours will be worked during the year. The predetermined overhead rate per hour will be: A) $2.50 per direct labor-hour C) $3.00 per direct labor-hour B $2.79 per direct labor-hour D) S4.00 per direct labor-hour
$2.50 per hour of direct labor will be the established overhead rate. This rate is based on the 20,000 direct labor hours that are anticipated to be worked in a given year.
What is the total estimated overhead cost for the year based on 20,000 direct labor-hours worked?
The total estimated overhead cost for the year based on 20,000 direct labor-hours worked can be calculated by multiplying the predetermined overhead rate per hour by the number of direct labor-hours worked. In this case, if the predetermined overhead rate is $2.50 per direct labor-hour, the total estimated overhead cost would be $2.50 x 20,000 = $50,000. If the predetermined overhead rate was $3.00 per direct labor-hour, the total estimated overhead cost would be $3.00 x 20,000 = $60,000. If the predetermined overhead rate was $2.79 per direct labor-hour, the total estimated overhead cost would be $2.79 x 20,000 = $55,800. If the predetermined overhead rate was $4.00 per direct labor-hour, the total estimated overhead cost would be $4.00 x 20,000 = $80,000.
Johansen Corporation applies manufacturing overhead to jobs based on a predetermined overhead rate based on direct worker hours. The entire annual overhead costs are determined using this rate.
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Jackson wants to buy a new cell phone. Of the brands that Jackson recalls, those he thinks he would actually buy are his _________ set.
Jackson wants to buy a new cell phone. Of the brands that Jackson recalls, those he thinks he would actually buy are his consideration set.
A consumer's consideration set is a model that is used to depict all of the brands and goods they consider before making a final buying choice. In 1977, Peter Wright and Fredrick Barbour coined the phrase "consideration set."
The buyer's final decision on a product or brand is influenced by the consideration set, making it crucial. The time and knowledge that buyers typically have at their disposal limits how much they can assess each product that is available.
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Terms in this set (73)
Original
An industry with a single firm in which the entry of new firms is blocked is called
monopoly
Explain why the marginal revenue curve facing a competitive firm differs from the marginal revenue curve facing a monopolist.
Unlike for perfectly competitive firms, whose marginal revenue curves are the same as their individual demand curves, a monopolist's marginal revenue curve differs from its demand curve because
a monopoly must lower the price on all units to sell one more unit of output.
Assume that the craft beer industry in Hawaii in 2014 was competitively structured and in long-run competitive equilibrium; firms were earning a normal rate of return. In 2015, a young entrepreneur quietly bought up all the breweries and began operations as a monopoly called "Tropical Suds." To operate efficiently, Tropical Suds hired a management consulting firm, which estimated long-run costs and demand. The average cost (AC) curve is found to be U-shaped while the demand (D) curve and marginal revenue (MR) curve are found to be downward sloping.
(MC
= ΣiMCi=the horizontal sum of the marginal cost curves of the individual branches/firms.)
In 2014 when the market was competitive the equilibrium output (QC) was found at the intersection of MC and D and the equilibrium price (PC) was found where MC = D.
In 2015 when the market was a monopoly the equilibrium output (QM) was found at the intersection of MR and MC and the equilibrium price (PM) was found along Upper D at an output of Upper Q Subscript Upper Malong D at an output of QM .
The monopoly's economic profit after the consolidation is the area of a rectangle with a height of Upper P Subscript Upper M Baseline minus ACPM − AC at an output of QM, and a width of Upper Q Subscript Upper M Baseline minus 0QM − 0.
1. Compare the perfectly competitive outcome with the monopoly outcome.
2. In 2015, a bar owner files a complaint with the Antitrust Division of the Justice Department claiming that Tropical Suds has monopolized the craft beer industry. Justice concurs and prepares a civil suit. Suppose you work in the White House and the president asks you to prepare a brief memo (one or two paragraphs) outlining the issues. In your response, be sure to include: (1) The economic justification for action and (2) a proposal to achieve an efficient market outcome.
You propose to ____________.
In a competitive market, firms face a downward-sloping demand curve, so their marginal revenue curve will also be downward-sloping and equal to the market price.
However, in a monopoly market, a single firm has control over the market price, so it must lower the price on all units to sell one more unit. This results in a marginal revenue curve that is below the demand curve.
In the case of the craft beer industry in Hawaii, the transition from a competitive market to a monopoly resulted in a higher price and lower output.
To restore market efficiency, the Antitrust Division of the Justice Department could take action against the monopoly by breaking it up into smaller, competitive firms or by regulating it to ensure that it operates in a manner that benefits consumers.
This would result in a more competitive market structure, with a lower price and higher output, leading to an efficient market outcome.
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henry wants to establish a trust for his financially challenged adult daughter. he wants to contribute annually to the trust, but his daughter would receive only the trust income. the remainder would go to his grandchildren (her children) at her death. henry wants the daughter to receive all the earnings from the trust with no restrictions. he realizes that she will probably just squander the money she receives but wants to otherwise protect her from her creditors. which of the following trusts would you recommend henry establish for the benefit of his daughter? a) a section 2503(b) trust b) a section 2503(c) trust c) an irrevocable trust, including spendthrift provisions d) a support trust
A spendthrift provision creates an irrevocable trust preventing creditors from attaching the interest of the beneficiary in the trust before that interest (cash or property) is actually distributed to him or her.
Spendthrift Clauses: The majority of trusts have a spendthrift clause, which forbids a trust beneficiary from spending a future distribution to get credit. A creditor cannot be paid if they give a beneficiary credit based on future dividends, according to the clause.
What function does a spendthrift trust serve?
A spendthrift trust is one that forbids the beneficiary from selling or otherwise disposing of her equitable interest in the trust's assets. The trustee is in charge of overseeing the property's management. As a result, the trust beneficiary has no authority over the assets and her creditors are unable to seize them.
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a pedestrian from state a sued a motorcyclist from state b. the pedestrian properly filed suit in a state court located in the eastern district of state a and sought $100,000 in damages for the tortious injuries caused by the motorcyclist's allegedly negligent acts in the western district of state a. the motorcyclist filed a notice of removal in the federal court for the eastern district of state a, which geographically embraces the location of where the action was originally filed.
Bases on the statement above, we can conclude that The federal court have subject matter jurisdiction over the third-party claim asserted by the first driver against the second driver. It is because the court has supplemental jurisdiction over the third-party claim, so the correct option is A.
In Law, Supplemental jurisdiction, also known as an ancillary jurisdiction or also called as pendent jurisdiction, generally can be defined as the authority of United States federal courts to hear additional claims substantially related to the original claim even though the court would lack the subject-matter jurisdiction to hear the additional claims independently.
The question above is incomplete, the complete question is:
A pedestrian from state a sued a motorcyclist from state b. the pedestrian properly filed suit in a state court located in the eastern district of state a and sought $100,000 in damages for the tortious injuries caused by the motorcyclist's allegedly negligent acts in the western district of state a. the motorcyclist filed a notice of removal in the federal court for the eastern district of state a, which geographically embraces the location of where the action was originally filed.
Does the federal court have subject matter jurisdiction over the third-party claim asserted by the first driver against the second driver?
A Yes, because the court has supplemental jurisdiction over the third-party claim.
B Yes, because the court has diversity of citizenship jurisdiction over the third-party claim.
C No, because the amount in controversy in the third- party claim is too small.
D No, because complete diversity of citizenship is lacking.
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Beach Corporation, which produces a single product, budgeted the following costs for its first year of operations. These costs are based on a budgeted volume of 30,000 towels produced and sold:
Direct materials $ 96,000
Direct labor $ 48,000
Variable manufacturing overhead $ 72,000
Fixed manufacturing overhead $ 60,000
Variable selling and administrative expenses $ 12,000
Fixed selling and administrative expenses $ 36,000
During the first year of operations, Beach Corporation actually produced 30,000 towels but only sold 24,000 towels. Actual costs did not fluctuate from the cost behavior patterns described above. The 24,000 towels were sold for $16 per towel. Assume that direct labor is a variable cost.
What is the total cost that would be assigned to Beach Corporation's finished goods inventory at the end of the first year of operations Under variable costing?
$43,200
$55,200
$64,800
$45,600
Answer:
$43,200 dddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddd
does the stock market normally bottom in price in the start of a recession or latter historically in america
In the past, American recessions have seen stock market prices bottom out later. Stock prices frequently start to fall ahead of an impending recession and then keep falling as the recession becomes worse.
What is stock market?Stocks, usually referred to as shares or equities, are traded on the stock market between investors. Companies issue stocks to raise funds, and the stock market gives them a channel to a sizable investor base.
When you purchase a stock, you become a minor shareholder and are entitled to a percentage of the company's assets and profits. The performance of the company's finances, the state of the economy, and investor attitude are just a few examples of the many variables that can affect a stock's price as it varies according to supply and demand.
Stock markets can be divided into two categories: primary markets and secondary markets. Companies raise funds and first-time publicly issue new stocks in primary markets. Securities are traded among investors in secondary markets. There are other exchanges worldwide, but the New York Stock Exchange (NYSE) is the most well-known secondary market.
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Harry thinks that prices in Caldwell, Idaho, are lower than the rest of the country. He reads that the nationwide average price of a certain brand of laundry detergent is $23.75 with standard deviation $0.94. He takes a sample from 5 local Caldwell stores and finds the average price for this same brand of detergent is $26.01.
H0 :
Ha :
2.)
a)Find the P - value for the test statistic z=2.03 for the following null and alternative hypotheses:
H0: The population mean is 18.
Ha: The population mean is less than 18.
The P - value is ____
(b) Find the P - value for the test statistic z=2.03 for the following null and alternative hypotheses:
H0: The population mean is 18.
Ha: The population mean is not equal to 18.
The P - value is _____
The P-values for the two hypothesis tests are approximately 0.0245 and 0.00000027, respectively.
For the first hypothesis test:
H0: The population mean is equal to $23.75.
Ha: The population mean is less than $23.75.
The test statistic for this hypothesis test can be calculated using the formula:
z = (sample mean - population mean) / (standard deviation / √sample size)
z = ($26.01 - $23.75) / ($0.94 / √(5)) = 2.03
The P-value is the probability of observing a test statistic as extreme or more extreme than z = 2.03 under the null hypothesis. To find the P-value, we can use a standard normal table or a calculator with a standard normal cumulative distribution function. The P-value is approximately 0.0245.
For the second hypothesis test:
H0: The population mean is equal to $18.
Ha: The population mean does not equal $18.
The test statistic for this hypothesis test can be calculated using the formula:
z = (sample mean - population mean) / (standard deviation / √sample size)
z = ($26.01 - $18) / ($0.94 / √(5)) = 5.22
The P-value is the probability of observing a test statistic as extreme or more extreme than z = 5.22 under the null hypothesis. To find the P-value, we can use a standard normal table or a calculator with a standard normal cumulative distribution function. The P-value is approximately 0.00000027.
So the P-values for the two hypothesis tests are approximately 0.0245 and 0.00000027, respectively.
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The strategic marketing planning process is a five-step process that should always be completed in order O is frequently used in reverse O begins with establishing specific. measurable outcomes O is not always sequential O forces marketing managers to think rationally
The strategic marketing planning process is five-step process that should always be completed in the order that begins with establishing specific, measurable outcomes.
What is strategic marketing?These days, strategic marketing is used by an increasing number of businesses. Given that they have the chance to outperform their rivals through clever marketing, it makes sense. Through the perspective of how their intended customers see them, businesses analyze their advantages (both current and future) over their rivals. By building on this, businesses can give their customers greater service and more value while differentiating themselves from their rivals. All phases are interrelated, despite the appearance that they operate in independent ways. As a result, the process of using a strategic marketing approach completes a cycle. Up until the planning phase's aim is accomplished, the findings and outcomes of each phase of the strategic marketing process meet the objectives set by the prior one.
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Knowledge Check 01 Which of the following statements about using different approaches to analyze alternatives is NOT true? Considering only the relevant costs gives results a different answer than that obtained when all costs are considered. O Differential analysis focuses on the future costs and benefits that differ between any two alternatives. O Mixing irrelevant costs with relevant costs may cause confusion and distract attention from the information that is critical. Costs and revenues that do not differ between alternatives are irrelevant to decision making.
Considering only the relevant costs gives results a different answer than that obtained when all costs are considered is not true. Thus, option A is correct.
What is relevant costs?The term "relevant cost" in managerial accounting refers to avoidable expenses that are only incurred as a result of specific business decisions. The idea of relevant cost is used to weed out extraneous information that might make decisions more difficult. For instance, relevant cost is used to decide whether to sell or keep a business unit.
Sunk costs, which have already been incurred regardless of the decision's outcome, are the opposite of relevant costs. Let's say a traveller rushes up to the ticket window to buy a ticket for a flight that is leaving in 25 minutes. To determine the cost of a ticket, the airline must take all pertinent costs into account.
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the main goals of investigators when examining a car accident is to determine the cause of the accident and who, was at fault. to do this, they will typically gather evidence such as witness statements, photographs, and physical evidence from the scene of the accident which will help them to come to a conclusion. to determine the speed at which a car was traveling at the time of an accident, investigators will use a variety of techniques. these may include analyzing skid marks left by the tires on the road, measuring the distance that the car traveled after impact, and examining the damage sustained by the car and any other vehicles or objects involved in the accident. they may also use technology such as gps or event data recorders (edrs) that are installed in some cars to measure speed and other data.
The answer is ,It is important to avoid tampering with the evidence and putting personnel in danger. Last but not least, management must decide how thorough of an inquiry the specific occurrence requires.
When someone tampers, what does that mean?English definition of tampering the act of touching something or making modifications to it that you shouldn't, typically when you're attempting to harm it or commit an illegal crime: To prevent tampering, the drugs are supplied in sealed containers. Any alteration to the system runs the risk of decreasing its effectiveness.
Is tampering illegal?Under both federal and state law, this may be illegal. Depending on what was done, evidence tampering might be either a crime or a misdemeanor. The crime may be classified as a felony punishable by two to ten years in prison if it is charged under state law.
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Haile Resort opened for business on June 1 with eight air conditioned units. Its trial
balance on August 31 is as follows.
Haile Resort
Trial Balance
August 31, 2022
Debit Credit
Cash Br. 39,200
Prepaid Insurance 9,000
Supplies 5,200
Land 40,000
Buildings 240,000
Equipment 32,000
Accounts Payable Br. 9,000
Unearned Rent Revenue 9,200
Mortgage Payable 100,000
Share Capital—Ordinary 200,000
Retained Earnings 0
Dividends 10,000
Rent Revenue 172,400
Salaries and Wages Expense 89,600
Utilities Expense 18,400
Maintenance and Repairs Expense 7,200
Br.490,600 Br.490,600
Other data:
1. The balance in prepaid insurance is a 1-year premium paid on June 1, 2022.
2. An inventory count on August 31 shows Br.1,300 of supplies on hand.
3. Annual depreciation rates are buildings (4%) and equipment (10%).
4. Unearned rent revenue of Br.7,600 should be recognized as revenue prior
to August 31.
5. Salaries and wages of Br.750 were unpaid at August 31.
6. Rentals of Br.1,600 were due from tenants at August 31.
7. The mortgage note is dated 1/1/2022. The mortgage interest rate is 8% per
year.
Instructions
a. Journalize the adjusting entries on August 31 for the 3-month period
June 1–August 31.
b. Prepare an adjusted trial balance on August 31.
The adjusting entries on August 31 for the 3-month period from June 1–August 31 is made by journal entries and an adjusted trial balance on August 31 is prepared.
What is a adjusted trial balance?An adjusted trial balance shows the general ledger account balances after all necessary financial period-end adjustments, such as prepayments, accruals, and non-cash expenses, have been made.
To ensure that period-end adjustments adhere to the matching and accrual concepts, adjusting journal entries are created.
a) The adjusting journal entries for H Resort on August 31 are as follows:
Adjusting Journal Entries:
1. Insurance Expense Dr. 2,250
Prepaid Insurance Cr. 2,250
2. Supplies Expense Dr. 3,900
Supplies Cr. 3,900
3. Depreciation Expenses: 3200
Building Cr. 2,400
Equipment Cr. 800
4. Unearned rent revenue Dr. 7,600
Rent Revenue Cr. 7,600
5. Salaries and Wages Expense Dr. 750
Salaries and Wages Payable Cr. 750
6. Mortgage Expenses Dr. 5,333
Mortgage Expenses Payable Cr. 5.333
b) The preparation of an adjusted trial balance on August 31 for Haile Resort is as follows:
Haile Resort
Trial Balance
August 31, 2022
Debit Credit
Cash Br. 39,200
Rental Receivable 1,600
Prepaid Insurance 6,750
Supplies 1,300
Land 40,000
Buildings 240,000
Accumulated Depreciation Br. 2,400
Equipment 32,000
Accumulated Depreciation 800
Accounts Payable 9,000
Unearned Rent Revenue 1,600
Salaries and Wages Payable 750
Mortgage Interest Payable 5,333
Mortgage Payable 100,000
Share Capital—Ordinary 200,000
Dividends 10,000
Rent Revenue 181,600
Salaries and Wages Expense 90,350
Utilities Expense 18,400
Maintenance and Repairs Expense 7,200
Insurance Expense 2,250
Supplies Expense 3,900
Depreciation Expenses:
Buildings 2,400
Equipment 800
Mortgage Interest Expense 5,333
Total Br.501,483 Br.501,483
Therefore, journal entry and trial balance have been prepared.
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for each case, select whether the action or situation shows a violation of the aicpa code of professional conduct, and select the relevant rule. cpa ellery idle audited the financial statements of monty corporations and gave an unmodifed report
If the cpa ellery idle audited the financial statements of monthly corporations it will impact through the Independence that would be impaired. It is because if CPA gave an un modified report, The commencement of litigation by the public accounting firm alleging management fraud.
In the financial accounting, The AICPA Code of Professional Conduct generally can be defined as a collection of codified statements issued by the American Institute of Certified Public Accountants that outline a CPA's ethical and professional responsibilities. If the CPA gave an un modified report, The commencement of litigation by the public accounting firm alleging management fraud. In the other hand, it is also impact through the deceit would definitely impair independence.
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which of the following correctly lists the forces analyzed within the porter's five forces framework? a. Rivalry, Buyer Power, Supplier Power, Entrants, Complements
b. Rivalry, Buyer Power, Value Chain, Entrants, Complements
c. Government Regulations, Buyer Power, Supplier Power, Entrants, Substitutes
d. Rivalry, Buyer Power, Supplier Power, Entrants, Substitutes
Answer:d) rivalry, buyer power, supplier power , entrants , substitutes.
Explanation:
rivalry:
*no.of competitors
*diversity of competitors
*industry growth
power of suppliers:
*number and size of suppliers
*umiquesness of each suppliers product
threat substitute:
*switching costs
*buyers propensity
new entrants:
*brand loyalty
*capital requirements
power of buyer:
*price intensity
number of customers
brown company paid its employee his weekly salaries of $400. show how to record the transaction to the t-accounts by completing the following sentence. the salaries expense account would be (debited/credited) on the (left/right) side of the t-account, and the cash account would be (debited/credited) on the (left/right) side of the t-account.
Brown company paid its employee his weekly salaries of $400. To record the transaction to the t-accounts, the complete sentence will be: the salaries expense account would be debited on the left side of the t-account, and the cash account would be credited right side of the t-account.
What is a T-account?A T-account is a colloquial term for a collection of financial records that use double-entry bookkeeping. A T-account is so named because the bookkeeping entries are organized in the shape of a T. Just above the T is the account title.
To record the payment of $400 weekly salaries to employees by brown companies, the salary expense account will be debited on the left side and the cash account will be credited on the right side.
Therefore, the complete sentence for the transaction is mentioned above.
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a(n) is a document that outlines what needs to be in place and what processes are necessary if an emergency such as a hurricane or fire occurs at a business. disaster recovery plan data security plan archiving plan data backup plan
A disaster recovery plan is a document that outlines what needs to be in place and what processes are necessary if an emergency such as a hurricane or fire occurs at a business.
What is disaster recovery plan?A disaster recovery plan (DRP), also known as a disaster recovery implementation plan or an IT disaster recovery plan, is a documented policy and/or process that is intended to help an organisation carry out recovery procedures in the event of a disaster, thereby protecting business IT infrastructure and, more generally, fostering recovery.
The goal of a disaster recovery plan is to thoroughly outline the consistent steps that must be taken before, during, and after a natural or man-made disaster so that the entire team can take those steps. An intentional man-made disaster, such as the effects of terrorism or hacking, as well as unintentional man-made disasters, such as equipment failure, should both be covered by a disaster recovery plan.
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which of the following are examples of hidden costs that are likely to emerge from this decision? check all that apply. the wages of new employees the costs involved with the increased usage of utilities, such as electricity and gas, during evening hours increased insurance premiums due to the presence of alcohol at the coffee shop the cost of maintaining the machines that make the coffee the monthly rent paid for the building
The following are examples of hidden costs that are likely to emerge from the decision:
B- The costs involved with the increased usage of utilities, such as electricity and gas, during evening hoursD - Increased insurance premiums due to the presence of alcohol at the coffee shopE - The cost of maintaining the machines that make the coffeeG -The monthly rent paid for the building.The wages of new employees are not necessarily a hidden cost, as the business may have taken into account the cost of hiring and paying new employees when making the decision to extend hours.
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What are the major classes of securities sold by the Firm? Explain your answer with example. (Word Limit- 300 to 500 words)
How do firms make initial public offerings and what are the costs of such offerings? (Word Limit- 300 to 500 words)
The major classes of securities sold by firms are:
Stocks (Equity Securities)Bonds (Debt Securities)DerivativesMutual FundsExchange-Traded Funds (ETFs)Real Estate Investment Trusts (REITs)What is a Firm?Generally, A company is a kind of commercial organization that operates for the purpose of making a profit by selling products or providing services to customers.
It may take the form of a single proprietorship, partnership, corporation, or cooperative, and its size may vary from that of a local mom-and-pop shop to that of a major global conglomerate.
It is common practice to refer to any business company that is involved in commercial activity as a "firm."
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Which of the following statements is NOT true of a market economy?
Question 9 options:
The government may supply some goods or services.
The individual makes his or her own economic decisions.
The economy is defined by a freedom of choice for both buyers and sellers.
The system encourages private ownership of resources.
The pricing of goods is determined by what sellers wish to charge and buyers wish to pay.
The government may supply some goods or services is NOT true of a market economy. Thus, option A is correct.
What is an economy?An economy is a region where products and services are produced, distributed, traded, and consumed. a social domain that places an emphasis on production-related practices, discourses, and material expressions
An economy with a fully free market is one in which every resource is privately owned. Without the involvement of the federal government, 're deciding how to distribute such resources. Therefore, option A is the correct option.
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Determine whether each of the following counts as consumption, investment, govemment purchases, net exports, or none of these, under the expenditure approach to calculating GDP a. The construction of a courthouse: O Government purchases O Net exports O None of these O Consumption O Investment b. A taxi ride: Government purchases O None of these
O Net exports O Consumption Investment c. The purchase of a new taxi car by a taxi company: O Consumption O Net exports O Investment O Government purchases O None of these
a. The construction of a courthouse:(government purchases,)
b. A taxicab ride:(consumption)
c. The purchase of a taxicab by a taxicab company:(investment)
d. A student buying a textbook: (consumption)
e. The trading of municipal bonds (a type of financial investment offered by city governments).-none of these
f. A company's purchase of foreign minerals:(net exports)
About Gross Domestic Product (GDP)Also known as Gross Domestic Product (GDP), is an important indicator for measuring the economic condition of a country.
GDP is one of the important indicators to determine the economic conditions in a country in a certain period. GDP is basically the amount of added value generated by all business units in a country. Or is the total value of final goods and services produced by all economic units. In short, GDP is one method for calculating national income.
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using the above pairings, which is the principal and which is the agent? tax preparer/taxpayer group of answer choices a. tax preparer is the agent and taxpayer is the principal b. tax preparer is the principal and taxpayer is the agent c. no agency
Option b is Correct. Tax preparer is the main and taxpayer group is the agent in the aforementioned pairings.
Who Are Taxpayers?A taxpayer is anyone who owes taxes to the federal, state, or municipal governments, whether they are an individual or a corporation. Governments primarily obtain their funding through taxes, which are levied on both citizens and companies.
Anyone who is subject to taxes, both those who owe money and those who receive a refund, is a taxpayer. Taxpayers can be divided into two categories: individuals and businesses. A taxpayer is a natural person, business, or other entity that must pay taxes. The government may provide identity or reference numbers to individuals or businesses as modern taxpayers.
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Which of the following will not cause the demand for the product k to change if it is inelastic
Option C, a change in the price of product K, is what is being demanded.
What could not alter consumer demand for a given good?The demand curve remains unchanged when a good's price changes.The amount of an item that is requested will fluctuate in response to changes in price, but the demand curve will shift as a result of changes in demand for related commodities (complements and substitutes).Demand is unaffected by the growth of capital goods.The demand curve is unaffected by the product's price.The price of an item or service determines the quantity that is required. The demand curve will move up to a lower quantity demanded, for instance, if the price rises.The complete question is,
The demand for product K won't alter as a result of which of the following?
A change in the cost of a close equivalent J B rise in consumer income
C) a shift in K's pricing
D) an adjustment to consumer preferences
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