Answer:
huh?no one's got time to write an essay for you
On 13 February, ATD Customs Pty Ltd provides a service to MJ Civil Pty Ltd with payment due
within 30 days. On ATD Customs' statement of financial position, the amount owed by MJ Civil
will be recorded as:
services income.
an account payable.
an account receivable.
a prepayment.
Based on the information given the amount owed by MJ Civil will be recorded as: an account receivable.
What is account receivable?Account receivable is the money a company is yet to receive from their client or customers for rendering or providing service to the clients.
Based on the given scenario on ATD Customs' statement of financial position, the amount owed by MJ Civil will be recorded as account receivable because the payment is not yet due but will be due within 30 days.
Inconclusion the amount owed by MJ Civil will be recorded as: an account receivable.
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give an introduction to decision skill
Answer:
Decision Making Skills
Explanation:
Decision-making skills show your proficiency in choosing between 2 or more choices. Decision-making is the key skill in the workplace and very important for leaders. People with decision-making skills always: Stay on a mission, set a time limit, avoid distraction, and embrace uncertainty!
Hope this helps!
If you don't understand something or need more of an explanation, feel free to contact me! :D
Question 4 of 10
During a depression or recession, which of the following is most likely to
happen to interest rates?
A. Interest rates will likely decrease as the Federal Reserve Board
increases inflation rates.
O B. The Federal Reserve Board will likely lower interest rates.
O C. Interest rates will likely rise as the Federal Reserve board
decreases inflation rates.
O D. The Federal Reserve Board will likely raise interest rates.
SUBMIT
B.The federal reserve board will likely lower interest rates
Explanation:
pa brainliest po ako png taga sagot ng mga new question
Your company purchased some expensive, sophisticated equipment in January of Year 5. The cost was $2,000,000 and the equipment was expected to have a useful life of 10 years. Now, in Year 6, the company has spent an additional $1,000,000 on the same equipment. $400,000 of this total was on ordinary repairs to fix things in order to maintain expected operating condition. However, the other $600,000 was spent on extraordinary repairs, which consisted of replacing the original engine so that the useful life of the entire equipment will be extended another five years. Company management was to "capitalize" the entire $1,000,000.
Write a memo around one page in length to your supervisor that explains the following:
The accounting error that has been made
The effect this error will have on the company's financial statements this year
The problems that might result
The importance of fixing the error and what needs to be done to fix the error
General outline of the memo:
Traditional Memo Header to Me from You with a nice summary title and date
para 1 - What is the problem and what is the impact - one or two sentences
para 2 - What should have happened - can be done as one sentence with a journal entry view
para 3 - How to adjust - once sentence with a journal entry view
para 4 - What should be done for the future monthly depreciation - one sentence showing the calculation with a journal entry
para 5 - Closing statement - one or two statements and request for review and approval
The accounting error that has been committed is the error of principle by treating $400000 as capital expenditure.
What is an accounting error?It should be noted that an accounting error simply means an error in account that wasn't intentional.
The effect this error include:
Understatement of expenses.Overstatement of depreciation.Overstatement of assets.In this case, the financial position of the company won't reflect a true and fair view of the position of the company.
In conclusion, in order to rectify the error, the ordinary repair should be treated as revenue.
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Hunter is a manager of a newly created division of a large company. He is working to develop job definitions and lines of responsibility. Which function of management best describes Hunter's current task?
staffing
motivating
organizing
controlling
planning
The function of management which best describes Hunter's current task is:
PlanningWhat is Management?This refers to the act of organizing people, usually within a company and give them specific roles to play.
With this in mind, we can see that because Hunter is a manager who has the task of developing job definitions and also lines of responsibility for other staff, then the function of management which he is fulfilling is planning.
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Ryngaert Inc. recently issued noncallable bonds that mature in 15 years. They have a par value of $1,000 and a coupon rate of 10.0%. The bonds pay coupons semi-annually. If the current market interest rate is 8.0%, at what price should the bonds sell?
If the current market interest rate is 8.0%, the bond price should be $1,172.92.
What is the present value of the bonds?We can use the online finance calculator to calculate the present value (PV) or price that the bonds should be issued at, based on an effective market interest rate of 8% for a period of 30 (15 years x 2).
Data and Calculations:Noncallable bonds' par value = $1,000
Maturity period = 15 years
Interest payment = semi-annually
Coupon interest rate = 10%
Current market interest rate = 8%
N (# of periods) = 30 (15 x 2)
I/Y (Interest per year) = 8%
PMT (Periodic Payment) = $50 ($1,000 x 10% x 1/2)
FV (Future Value) = $1,000
Results:
PV = $1,172.92
Sum of all periodic payments = $1,500 ($50 x 15 x 2)
Total Interest = $1,327.08
Thus, if the current market interest rate is 8.0%, the bond price should be $1,172.92.
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Assume that the following data relative to Kane Company for 2021 is available:
Net Income $2,100,000
Transactions in Common Shares Change Cumulative
Jan. 1, 2021, Beginning number 700,000
Mar. 1, 2021, Purchase of treasury shares (60,000) 640,000
June 1, 2021, Stock split 2-1 640,000 1,280,000
Nov. 1, 2021, Issuance of shares 240,000 1,520,000
6% Cumulative Convertible Preferred Stock
Sold at par, convertible into 200,000 shares of common $1,000,000
Stock Options
Exercisable at the option price of $25 per share. Average market price in 2021. $30 (market price and option price adjusted for split). 90,000 shares
Required:
a. Compute the basic earnings per share for 2021.
b. Compute the diluted earnings per share for 2021.
a) The computation of the basic earnings per share of Kane Company for 2021 is $1.38 ($2,100,000/1,520,000).
b) The computation of the diluted earnings per share of Kane Company for 2021 is $1.16 ($2,100,000/1,810,000).
What are the basic and diluted earnings per share?Basic earnings per share are based on the weighted average number of ordinary shares outstanding during the period, which is used to divide the net income.
Diluted earnings per share are the net income divided by the weighted average number of ordinary shares plus the dilutive potential ordinary shares (including stock options and convertible instruments) that meet the required criteria.
Data and Calculations:Net Income = $2,100,000
Transactions in Common Shares Change Cumulative
Jan. 1, 2021, Beginning number 700,000
Mar. 1, 2021, Treasury shares (60,000) 640,000
June 1, 2021, Stock split 2-1 640,000 1,280,000
Nov. 1, 2021, Stock Issuance 240,000 1,520,000
6% Cumulative Convertible Preferred Stock at par, convertible into 200,000 shares of common $1,000,000 200,000
Stock Options = 90,000 shares 90,000
Total number of shares for diluted earnings = 1,810,000 (1,520,000 + 200,000 + 90,000)
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I put the question in the wrong place.
Answer:
you need to put it in the right place
Explain why is it important to understand the action words before answers are given to assessment questions
Answer:
Action words are strong and powerful. They help demonstrate achievements. They grab the reader's attention.
Explanation:
Hope this helps:)......if not sorry for wasting your time:)
Look again at the websites you used to complete task 1:
state employment data
US economic data
GDP data
price deflator data
Which organizations compiled the data that you used?
help fast please
The organizations that compiled state employment data, US economic data, GDP data, and price deflator data are as follows:
The U.S. Bureau of Labor StatisticsThe U.S. TreasuryThe U.S. Department of Commerce.What are the data provided by each organization?1. The U.S. Bureau of Labor Statistics supplies data on state employment, productivity, working hours, etc.
2. The U.S. Treasury provides economic data, statistics, and charts on interest rates, economic trends, and the impact of fiscal policies.
3. The U.S. Department of Commerce provides data on GDP, price deflator, and the balance of payments.
Thus, various U.S. organizations provide employment, economic, and GDP data.
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To publish a book, the major publishers require an upfront fee of $50,000. The marketing company charges $3/book to advertise the book. If the book sells for $9.50, how many books need to be sold to break even?
Do you think the media has a responsibility to teach young boys how to become men?
Answer:
No, but they will still consider it as their responsibility to teach a young boy how to become the "perfect" person, thus creating pressure and stress to become a man that will fit in society.
Explanation:
how changes in customers affect retail business industry?
Explanation:
it affects the retailer by if they gave a good in a highest price then if that product is not sold then it would happen.
CHAPTER 8, TEST A
True or False
Mark statements 1-24 true or false by writing Tor F on the line provided.
1.
All four types of market structure have similarities, including the fact that each of them has
buyers and sellers.
2. In a perfectly competitive market, buyers and sellers have relevant information about prices,
product quality, and sources of supply.
3. The stock market is an example of a perfectly competitive market.
4. If a perfectly competitive market doesn't satisfy all four characteristics 100 percent, then it isn't
a perfectly competitive market.
5.
Profit attracts new firms into the perfectly competitive market.
6.
There is ease of entry into a monopolistic market.
7. It is important to a monopolist to search out the best price through trial and error.
8. In some towns, cable television providers and trash collectors are monopolists
9. A pharmaceutical company may have a copyright on a medicine, which protects its company
from competitors for a period of time.
10. A patent is granted for a new product or process for five years.
11. Barriers to entry limit potential competition.
12. Owning all of a scarce resource can allow a firm to operate as a monopoly without legal
protection.
13. Antitrust laws are meant to control monopoly power and to promote competition.
14. The main points of the Sherman Act prohibit actions that result in restraint of trade and hold
the conspiring persons guilty of a misdemeanor.
15. A natural monopoly exists when a firm's product is made with resources provided by nature.
16. The U.S. Supreme Court decides some antitrust cases.
17. The term colluding refers to making secret agreements that reduce competition.
18. Taxi and limousine service in New York City is relatively inexpensive due to the ease of entry
into that market.
The marking of the statements 1-18 as true or false is as follows:
1. True. The main similarity among the four market structures is the existence of buyers and sellers.
What are the four market structures?The four market structures are:
Perfect competitionMonopolistic competitionOligopolyMonopoly.They all have buyers and sellers, though, the number differs from one to the other.
2. True. In a perfectly competitive market, buyers and sellers have relevant information about prices, product quality, and sources of supply.
3. True. The stock market is an example of a perfectly competitive market.
4. True. If a perfectly competitive market doesn't satisfy all four characteristics 100 percent, then it is not a perfectly competitive market.
5. True. Profit attracts new firms into the perfectly competitive market.
6. False because there is no ease of entry into a monopolistic market.
7. False. It is not important to a monopolist to search out the best price through trial and error.
8. True. In some towns, cable television providers and trash collectors are monopolists.
9. False. Copyright is not required on medicine to protect a pharmaceutical company from competitors. But a patent is required because copyrights are for intellectual property rights.
10. False. Patents are usually granted for 20 years and not five years.
11. True. Barriers to entry limit potential competition.
12. True. Owning all of a scarce resource can allow a firm to operate as a monopoly without legal protection. This is regarded as a natural monopoly.
13. True. Antitrust laws are meant to control monopoly power and promote competition.
14. True. The Sherman Act prohibits anti-trust actions, which restrain trade.
15. True. A natural monopoly exists when a firm's product is made with resources provided by nature.
16. True. The U.S. Supreme Court decides some antitrust cases.
17. True. The term colluding refers to making secret agreements that reduce competition.
18. True. Taxi and limousine service in New York City is relatively inexpensive due to the ease of entry into that market.
Thus, the marking of statements 1-18 as true or false is completed.
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Check your knowledge
Karl, a 50-year-old mechanic, runs
the local garage in a small town and
is considering taking his business
online
How could going digital benefit his
business?
Answer:
having a website will make his business more visible to customers as they can find his business by searching on search engines and online directories.
he can target ads using Search Engine Marketing(SEM) towards local customers looking for his business
Answer:
more people can find out about your business
Theo Chocolate has decided to purchase a fleet of climate controlled trucks which will allow them to distribute and deliver their products to grocery stores across the U.S. This is an example of:
The decision of the firm to purchase a fleet of climate controlled trucks for distribution of its product is an example of ·Differentiation strategy.
What is a Differentiation strategy?
A differentiation strategy is a strategy adopted that make the offered goods or services more unique compared to their competitors.
In conclusion, majority of firms use the differentiation strategy to the differentiate between their products and the competitors.
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1. The accounts receivable turnover is computed as __________ divided by __________.
a. sales; accounts receivable
b. sales; average accounts receivable
c. sales; net income
d. accounts receivable; net income
What should one research before creating a product? A:How much it will cost to compensate employees B:How much money investors are willing to invest in the product C:What is required to make the product D:The number of products that will need to be produced
Answer:
c
Explanation:
Scarcity of raw materials affects the market, quality and price of the product
What is required to make the product should one research before creating a product. Thus, option C is correct.
What is creating a product?Whether it's a corporation or an individual customer, products are normally made with the intention of being offered for purchase and eaten by somewhere else. a thing made for the advantage of a market.
The phases of the product development process include ideation, research, planning, testing, sourcing, consuming, and commercialization. Although the process varies by industry, it may generally be divided into seven stages.
The process of creating, producing, and marketing a product is known as industry research. It comprises the essential processes of doing user and market research as well as developing a marketing plan in order for introducing the product to potential customers.
Therefore, option C is correct.
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#SPJ2
The $41 billion-dollar firm uber technology , inc., is unsettling the traditional taxi
Handy Howard's Incorporated, is a student co-op. Handy Howard uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis:
a. Sold merchandise for cash (cost of merchandise $154,870).
b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $608).
c. Sold merchandise (costing $9,180) to a customer on account with terms n/30.
d. Collected half of the balance owed by the customer in (c).
e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 1,140
f. Anticipate further returns of merchandise (costing $204) after month-end from sales made during the month.
Required:
Compute Net Sales and Gross Profit for Handy Howard.
Based on the various transactions by Handy Howard's Incorporated, the Net Sales and Gross Profit are $294,270 and $133,040 respectively.
What are the Net Sales?This can be found as:
= Sales revenue - Sales returns and allowance
Solving gives:
= 276,700 (revenue) + 21,000 (revenue) - 1,610 (returns) - 1,820 (allowance)
= $294,270
What is the Gross Profit?This is found as:
= Net sales - Cost of goods sold
Cost of goods sold:
= 152,590 + 9,450 - 810
= $161,230
Gross profit:
= 294,270 - 161,230
= $133,040
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The sales representative for a manufacturer of a new product claims that the product will increase output per machine by at least 29 units per hour. A line manager installs the product on 15 of the machines, and finds that the average increase was only 26 with a standard deviation of 6.2. What are the appropriate null and alternative hypotheses?
The null and the alternative hypothesis will be u = 29 and H1: u > 29.
What is a null hypothesis?A null hypothesis simply means the hypothesis that propose that there's no difference between the characteristics in the population.
In this case, the null and the alternative hypothesis will be u = 29 and H1: u > 29.
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Waterway Industries had accounts receivable of $106000 at 1/1. The only transactions affecting accounts receivable were sales of $855000 and cash collections of $801000. The accounts receivable turnover is: __________
a. 5.8.
b. 5.3.
c. 6.4.
d. 8.1.
If you had a million dollars what would you buy and why? 2 sentences please!!
Ziehart Pharmaceuticals reported Net Sales of $195,000 and Cost of Goods Sold of $66,600. Candy Electronics Corporation reported Net Sales of $53,000 and Cost of Goods Sold of $39,800 Required: 1. Calculate the gross profit percentage for both companies. (Round your answers to 1 decimal place.) 2. Which company has a greater proportion of its sales available to cover expenses other than cost of goods sold?
The gross profit percentage for Ziehart Pharmaceuticals is 74.5%.
The gross profit percentage for Candy Electronics Corporation is 57.1%.
The company better able to use its sales to cover expenses is Candy Electronics Corporation.
What is the gross profit percentage?
The gross profit percentage is the ratio of net sales to total sales.
gross profit percentage = net sales / gross sales x 100
Gross sales is the sum of net sales and cost of goods sold
Ziehart Pharmaceuticals = [195,000 / (195,000 + 66,000)] x 100 = 74.5
Candy Electronics = [53,000 / (53,000 + 39800)] x 100 = 57.1
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What is the acronym for this
formula to find the inflation
rate? [(New Price - Original
Price)/Original Price] (100)
-
A. NOX1
B. NOO
C. ONO
The acronym for the formula to find the inflation rate, [(New Price - Original Price)/Original Price] (100) is B. NOO.
What is the inflation rate?The inflation rate is the rate of increase in prices from one period of time to the next.
In the United States, the Consumer Price Index (CPI) is often used to gauge inflation.
Thus, the acronym for the formula to find the inflation rate, [(New Price - Original Price)/Original Price] (100) is B. NOO.
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list and explain principles of insurance
Answer:
In the insurance world there are six basic principles that must be met, ie insurable interest, Utmost good faith, proximate cause, indemnity, subrogation and contribution. The right to insure arising out of a financial relationship, between the insured to the insured and legally recognized.
Explanation:
hope it helps you
1. Which one of the following is not considered part
of the exterior finish of a house?
A. An entry door.
B. Ceiling of a porch or breezeway,
C. Cornice.
D. Exterior wall coverings
The part of a house that is not considered as the exterior finish of a house is the Ceiling of a porch or breezeway.
What is the exterior finish of a house?The exterior finish of a house refers to an outer layer or structure that can be seen physically from the outside and add to the image of the entire house.
A cornice is a horizontal architectural design of a building that is positioned away from the main walls used in directing rainwater from the building walls.
Thus, the exterior finish of the house is:
An entry doorCorniceExterior wall coveringsFrom the given options;
The ceiling of a porch or breezeway is usually inside the house.Therefore, the part of a house that is not considered as the exterior finish of a house is the Ceiling of a porch or breezeway.
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Which of these statements are Red Flags that may signal Colleague
involvement in money laundering, terrorist financing or consumer fraud?
Financing or consumer fraud is are Red Flags that may signal Colleague involvement in money laundering.
What is money laundering?Money laundering is the using large amounts of money that has been collected or generated through crimes from a source that is clean or legitimate.
Example of money laundering is financing or consumer fraud where consumer is collected duly.
Therefore, financing or consumer fraud is are Red Flags that may signal Colleague involvement in money laundering.
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If a company is using the indirect method to prepare the statement of cash flows, identify where an increase in the accounts receivable account should be reported:
1) Explain what is meant by the term impossible trinity and discuss example countries
that adopt policy consistent with such term
Answer:
Impossible trinity or trilemma in monetary policy means that a country cannot have a fixed exchange rate, free movement of capital and an independent monetary policy at the same time.
Explanation:
In real-life examples, as the market players reach the point where they suspect the government is running out of the reserves to defend its currency, they will pile in with direct speculative attacks where they borrow and sell the nation's currency without bothering with carry trades, leading to a quick profit once the inevitable devaluation occurs.
I hope is helpful