3. newton labs leased chronometers from brookline instruments on january 1, 2021. brookline instruments manufactured the chronometers at a cost of $320,000. the chronometers have a fair value of $337,166. appropriate adjusting entries are made quarterly. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) required: 1. prepare appropriate entries for newton labs to record the arrangement at its commencement, january 1, 2021, and on march 31, 2021. 2. prepare appropriate entries for brookline instruments to record the arrangement at its commencement, january 1, 2021, and on march 31, 2021.

Answers

Answer 1

creation of the necessary records for Newton Labs & Brookline Instruments to keep track of the agreement at its commencement on January 1, 2021, as well as on March 31, 2021.

What does commencement mean in its entirety?

A beginning act, instance, or moment, for example, graduation ceremonies or the date on which graduates of the a school or college receive their degrees or diplomas.

What day was the job's commencement?

A commencement date is often when an employment offer is accepted, but it may also be the day on which a person begins employment if they have previously been hired on the a different basis .

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Related Questions

When adjusting the company's cash account balance in a bank reconciliation, which item must be added to the cash account balance?

Answers

When adjusting the company's cash account balance in a bank reconciliation, outstanding balance item must be added to the cash account balance?

What do you mean by outstanding balance?

An outstanding balance is the amount you owe on any debt that charges interest, like a credit card. It refers to the amount you owe from purchases and other transactions made with your credit card. It's also called your current balance.

The outstanding balance is what we currently owe on the card and it can include:

PurchasesCash advancesBalance transfersInterest chargesFees

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An unstable government is one that __________.

A.

is democratically elected

B.

is authoritarian

C.

changes hands frequently

D.

provides for its citizens

  ​

Answers

Answer:

C

Explanation:

An unstable government is one that changes hand frequently.

When something is said to be unstable, it means that thing keeps fluctuating from one situation, value, or condition to another.

An unstable government is one in which those at the elms of affairs keep changing at frequent intervals. With each new administrator comes new policies. Hence, there are inconsistencies in policy formulation.

Correct option: C

Answer:

He is correct~

Explanation:

pharoah company uses a periodic inventory system. its records show the following for the month of may, in which 146 units were sold.compute the ending invenory at May 31 and cost of goods sold using the FIFO and LIFO methods.

Answers

The total cost of ending inventory is $1,848. By compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods for Pharoah Company.


Assuming that Pharoah Company uses a periodic inventory system, we don't have real-time updates of inventory levels and costs. Instead, we have to calculate them at the end of the month using the available information.

- Beginning inventory: 100 units at $10 per unit
- Purchases:
  - May 5: 200 units at $12 per unit
  - May 15: 50 units at $15 per unit
- Sales: 146 units
- Cost flow assumption: FIFO and LIFO


- Units available for sale: beginning inventory + purchases = 100 + 200 + 50 = 350 units
- Cost of units available for sale: (100 x $10) + (200 x $12) + (50 x $15) = $3,550
- Units sold: 146 units
- Cost of goods sold using FIFO: we start by selling the 100 units from the beginning inventory, then 46 units from the May 5 purchase at $12 per unit. The total cost of goods sold is (100 x $10) + (46 x $12) = $1,772
- Ending inventory using FIFO: we have 104 units left (350 - 146 = 204, minus 100 from beginning inventory and 46 from May 5 purchase), all from the May 15 purchase. The total cost of ending inventory is 104 x $15 = $1,560.

To calculate the ending inventory at May 31 using the LIFO method, we assume that the last units purchased (or produced) are the first ones sold.

- Units available for sale: beginning inventory + purchases = 100 + 200 + 50 = 350 units
- Cost of units available for sale: (100 x $10) + (200 x $12) + (50 x $15) = $3,550
- Units sold: 146 units
-The total cost of ending inventory is 154 x $12 = $1,848.

Therefore, the ending inventory at May 31 and cost of goods sold using FIFO and LIFO methods are:

- Ending inventory FIFO: $1,560
- Ending inventory LIFO: $1,848
- Cost of goods sold FIFO: $1,772
- Cost of goods sold LIFO: $1,782

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lokking for brainly member ystuckey

Answers

what does that mean lol im confused

What is indifference curve between two products?

Answers

An indifference curve is a graph used in economics to show the various combinations of two goods or products that provide the same level of satisfaction or usefulness to a person. This shows different combinations of commodities that individuals are indifferent to.

Indifference curves are usually downward sloping and convex towards the origin. This shape demonstrates the marginal rate of substitution (MRS) reduction principle. MRS represents the rate at which a person is willing to give up one commodity in exchange for another while remaining indifferent or equally satisfied. Moving from left to right along the indifference curve decreases the quantity of one good and increases the quantity of the other to maintain the same level of happiness.

It is important to note that different indifference curves represent different degrees of satisfaction. A higher indifference curve represents a higher level of usefulness or satisfaction, and a lower indifference curve represents a lower level of usefulness. A higher indifference curve indicates higher satisfaction and is preferred over a lower indifference curve.

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A company using public relations sends information to media outlets such as newspapers and ratio stations. Who decides what Information about the company the outlets will publish?

Answers

Answer:

The media outlets should be correct

Explanation:

A P E X

An investor purchased 50 shares of stock in a company in 2015. At the time the investor purchased the stock, the value of the stock was priced at $5 per share. The investor sold all 50 shares of stock in 2019. The value of the stock at the time of sale was $6.50 per share. What is the capital gain the investor earned on this investment?

$250

$325

$75

$50

Answers

Answer:

$75

Explanation:

$5 to $6.5 is a 1.3% increase and if the investor bought 50 shares of $5 he bought a total of $250 worth of stock. If you multiply the $250 by 1.3% it will be $325. But the question asks for the capital gain so you would subtract $325 and $250 which is $75.

If the value of the stock at the time of sale was $6.50 per share. The capital gain the investor earned on this investment is $75.

Capital gain

Using this formula

Capital gain=(Number of shares× increase in value of stock)

Let plug in the formula

Capital gain=[50x ($6.50 per shares- $5 per shares)]

Capital gain=50× $1.50 per shares

Capital gain=$75

Therefore the capital gain the investor earned on this investment is $75.

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A women sells a bead bracelet she made. She sold it to her sister.

Answers

Answer:

Is that the question????

Explanation:

If your asking a question a can you put the whole question.

Something that's sold has been exchanged for money. When new neighbors buy the house across the street, you'll see a sign appear in its front yard that says "Sold."

What is the meaning of Money?

Money is a good that is widely acknowledged as a means of economic exchange. It serves as the medium for expressing values and pricing. It is the primary indicator of wealth since it moves from individual to individual and from country to country, allowing trade.

Any tangible object or verifiable record that's also commonly accepted as payment for products and services as well as the repayment of debts, including such taxes, in a specific nation or socioeconomic setting is referred to as money.

Money is a centralized, widely used, acknowledged form of exchange that makes it easier to exchange goods and services. In an economy, money serves as a medium of trade for a variety of products and services. Governments and nations have different monetary systems.

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write a sample complaint for a customer gaining a food born illness from a restaurant

Answers

After going to (restaurant name) I have become ill from the food they are serving.

Answer:

mk

Explanation:

If Martha decides to use a ________ branding strategy to grow the Coffee Collective, she would distribute a series of Coffee Collective branded teas and coffees through the local supermarket.

Answers

The branding strategy that Martha should choose is C) Multi-product branding.

Coffee Collective is a multi-branding name for Martha's multi-products: teas and coffees. The multi-product branding strategy is also known as family branding or corporate branding strategy.

A branding strategy helps Martha build brand equity for her coffee and tea, but she needs to create added value.  Added value is the value above and beyond the functional benefits of products through using the Coffee Collective brand name.

Martha does not need sustainable, mixed, private, or multi-branding branding to grow the Coffee Collective branded teas and coffees.

Thus, Martha should use multi-product branding.

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Martha decides to use a Family branding strategy to grow the Coffee

Collective, she would distribute a series of Coffee Collective branded teas

and coffees through the local supermarket.

Family branding involves the management of different products by one

company .They are  usually sold and contain the same brand name.

This is usually done to use the established company managing it to achieve

higher sales.

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which of these is an example of a payroll tax?

a) road usage tax
b) social security tax
c) state sales tax
d) paycheck withholding

Answers

Answer:

b) social security tax

Explanation:

Payroll tax is a tax deducted from an employee's paycheck and remitted to the authorities. Payroll tax is a component of deduction that employers make on all salaried employees.

Social security is an example of a payroll tax. It is a mandatory tax imposed by the government. Employees receive their net salaries with the payroll taxes already deducted. In other words, in payroll taxes, the employees do not come into contact with the tax amount.

What is trade liberalisation??
From business subject

Answers

Trade liberalization refers to the removal or reduction of government-imposed restrictions on the import and export of goods and services. This can include tariffs, quotas, and other barriers to trade. The goal of trade liberalization is to increase economic efficiency and growth by allowing countries to specialize in the production of goods and services in which they have a comparative advantage, and to access a wider range of goods and services from other countries.

Fundamentals of Planning A mission statement expresses an organization's reason for being. A vision statement expresses what an organization wishes to become. These mission and vision statements then drive strategic planning, tactical planning, and operational planning. This activity is important because proper planning is essential for providing an organization with the direction and momentum it needs to reach its goals and develop a sustainable competitive advantage. points Skipped eBook The goal of this exercise is to help you to recognize what mission and vision statements, and the three levels of planning, look like in action, and to see how they relate to one another in an organization. References Dalton Skot is the CEO and president of a midsize fishing lure production company. The company has been very successful since its founding five years ago. Dalton has stated that his company makes professional-quality products that are accessible to the recreational angler. A recent article in a popular business magazine quoted him as saying, "The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it." The company has worked to keep control of the business in the family. The vice president of operations, Cooper Skot, is Dalton's brother, and the new product development manager is his sister, Sloan Skot. Dalton and Cooper have big plans to grow the company by 50 percent over the next five years. Sloan says her department plans to introduce 10 revolutionary new lures to the company's already exciting lineup of products over the next two years. Some of her special project managers have the designs complete now and are working to streamline the production tools to maximize efficiencies and thus bring costs down.

Answers

The matchup are:

Mission Statement: His company makes professional-quality products that are accessible to the recreational angler. The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it.

Vision Statement: To grow the company by 50% over the next five years.

Strategic Planning: To achieve the goal of growing the company by 50% over the next five years.

Tactical Planning: Her department plans to introduce 10 revolutionary new lures to the company's already exciting lineup of products over the next two years.

Operational Planning: Project managers have the designs complete now and are working to streamline the production tools to maximize efficiencies and thus bring costs down.

What is the mission statement?

In this text, the importance of mission and vision statements, as well as the three levels of planning, is discussed in the context of a fishing lure production company led by CEO and president Dalton Skot. The company's mission is to provide professional-quality products accessible to recreational anglers without sacrificing their retirement savings.

Therefore,  The vision is to help every person reach their highest fishing potential. The company has been successful in keeping control of the business within the family, with Dalton's brother Cooper serving as the vice president of operations and his sister Sloan serving as the new product development manager.

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See text below

Fundamentals of Planning A mission statement expresses an organization's reason for being. A vision statement expresses what an organization wishes to become. These mission and vision statements then drive strategic planning, tactical planning, and operational planning. This activity is important because proper planning is essential for providing an organization with the direction and momentum it needs to reach its goals and develop a sustainable competitive advantage. points Skipped eBook The goal of this exercise is to help you to recognize what mission and vision statements, and the three levels of planning, look like in action, and to see how they relate to one another in an organization. References Dalton Skot is the CEO and president of a midsize fishing lure production company. The company has been very successful since its founding five years ago. Dalton has stated that his company makes professional-quality products that are accessible to the recreational angler. A recent article in a popular business magazine quoted him as saying, "The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it.". It looks like the company has done some serious planning to support its "tall tale" of success. Match each term with the correct statement or level of management planning. Tactical Planning N Vision Statement Mission Statement Operational Planning Strategic Planning paints Skipped Match each of the options above to the items below. eBook References His company makes professional-quality products that are accessible to the recreational angler. The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it. To grow the company by 50% over the next five years Her department plans to introduce 10 revolutionary new lures to the company's already exciting lineup of products over the next two years. Project managers have the designs complete now and are working to streamline the production tools to maximize efficiencies and thus bring costs down. Match each of the options above to the items below. His company makes professional-quality products that are accessible to the recreational angler. The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it. To grow the company by 50% over the next five years Her department plans to introduce 10 revolutionary new lures to the company's already exciting lineup of products over the next two years. Project managers have the designs complete now and are working to streamline the production tools to maximize efficiencies and thus bring costs down.

A toy company no longer selling a bicycle with a faulty part is using which risk management
strategy?

A. Avoiding risk
B. Accepting risk
C. Sharing Risk
D. Reducing risk

Answers

A. and D. combined should be the answer

Hope this helped •з•

Answer:

This is an example of A. Avoiding risk

Explanation:

The answer is A because by not selling the bike with the faulty part, they are AVOIDING injuring the people who purchase their bikes.

Type the correct answer in the box. Which Financial Assets can be traded on the stock market?

_____ are tradable financial assets that are sold and bought on the stock market.​

Answers

Your answer is Treasury Bill!

Hopefully, this helps! :D

Please give branliest!

which one of the following is interest earned on both an initial principal and the unpaid accrued interest that accumulated on that principal from prior periods? annual interest. simple interest. compound interest. discount interest.

Answers

The compound interest is interest earned on both an initial principal and the unpaid accrued interest that accumulated on that principal from prior periods.

Compound interest refers to the interest earned on both the initial principal and the accumulated unpaid interest from prior periods. It is calculated based on the combined amount of the principal and any previously earned interest. As time goes on, the interest compounds, meaning that the interest earned in each period is added to the principal, and future interest calculations are based on the new total.

On the other hand, simple interest is only calculated based on the initial principal and does not take into account any previously earned interest. Simple interest is calculated as a percentage of the principal amount.

Therefore, in the context described, the interest earned on both the initial principal and the unpaid accrued interest is referred to as compound interest.

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Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration

Answers

Each scenario should be matched to the factors that affect the labor market as follows:

Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.

What is immigration?

Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:

Good governanceSecurityBetter living conditions.WorkJobsSocial amenities

What is a foreign direct investment?

A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.

In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.

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Drag each option to the correct location.Match the scenarios to the factors that affect the labor market.foreign

Answer:

Post Test: Free Market and Businesses

Unit: 2

Economics

Question #12

__________________________________________________________

This is 100% right because I took the test

Go to explanation for picture with answers

l

l

Explanation:

Here's the picture and I hope this helped!

Have a nice day!

Drag each option to the correct location.Match the scenarios to the factors that affect the labor market.foreign

the ceo at green inc. has established that employees should adhere to a vertical communication process and a fixed work flow system, and she strictly monitors these processes. the steps taken by the ceo at green inc. reflect the behavior of leaders suggested by the ohio state studies. group of answer choices employee-centered consideration initiating structure job-centered authoritative

Answers

The Ohio State Studies were a series of research studies conducted in the late 1940s and early 1950s by a team of researchers from Ohio State University. The studies aimed to identify the key behaviors exhibited by effective leaders in order to provide a framework for leadership development.

One of the key findings of the Ohio State Studies was that effective leaders exhibited two types of behavior: consideration and initiating structure. Consideration refers to the extent to which a leader is supportive, friendly, and approachable toward their employees. Initiating structure, on the other hand, refers to the extent to which a leader is task-oriented, organized, and focused on achieving goals.

Now, to connect this to the behavior of the CEO at Green Inc., it appears that the CEO is exhibiting a high degree of initiating structure. By establishing a fixed workflow system and monitoring it closely, she is demonstrating a focus on achieving goals and ensuring that tasks are completed efficiently. This is in line with the behavior of job-centered leaders identified in Ohio State Studies.

However, it is unclear from the information provided whether the CEO is also exhibiting consideration toward her employees. The fact that she is strictly monitoring the communication process could suggest that she is not particularly approachable or supportive towards her employees, which would be at odds with the behavior of employee-centered leaders identified in Ohio State Studies.

In conclusion, the steps taken by the CEO at Green Inc. reflect the behavior of job-centered leaders suggested by Ohio State Studies. However, without more information about her behavior towards her employees, it is difficult to determine whether she is also exhibiting consideration toward them.

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Think of a favorite product that you have. What do you think ALL of the things are that have to happen before you see the product in the store?

Answers

The transformation of raw materials into finished goods. Natural items are transformed into goods that can be sold on the market through manufacturing.

What are the initial steps ?

The acquisition and monitoring of raw materials is the initial step in inventory management. The environment can be mined for raw materials or they can be purchased from sources. Once received, raw materials must be kept in storage until they are needed for manufacturing. Systems of inventory keep track of the quantity, location, and state of each raw item.

Work in process refers to the production process from storage to the assembly line. Production might be carried out internally or contracted out to manufacturers. Inventory management systems monitor the production process and the finished goods as they are produced in both scenarios.

The number, location, and state of each end product must be monitored. The system is updated in response to product purchases to account for the drop in inventory following distribution.

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Mercury Inc. is considering the purchase of a machine for $5,000 that will generate net income of $2,750,$2,750, and $2,750 at the end of the following years. The required return in 10%. a. What is the project's NPV? 5) Round your answer to the neares dolla? b. What is the project's IRR? of Rourd your answer to two denmais c. What is the project's PI? Round your answer to two decamals. d. What is the appropriate decision about the project's according to the NPV measure? Acopt Refod

Answers

The project's /5000is $2,246, the IRR is 10%, and the PI is 1.45. Based on the NPV measure, the appropriate decision is to proceed with the project.

a. The project's NPV (Net Present Value) is calculated by discounting the future cash flows using the required return of 10% and subtracting the initial investment.

NPV = Present value of cash inflows - Initial investment

NPV = \(\frac{2750}{(1+0.10)} +\frac{2750}{(1+0.10)^{2} } +\frac{2750}{(1+0.10)^{3} } -5000\)

NPV = $2,246

b. The project's IRR (Internal Rate of Return) is the discount rate that makes the NPV equal to zero. In this case, the IRR is 10%, as it represents the required return.

c. The project's PI (Profitability Index) is calculated by dividing the present value of cash inflows by the initial investment.

PI = (Present value of cash inflows) / Initial investment

PI =\(\frac{\frac{2750}{(1+0.10)} +\frac{2750}{(1+0.10)^{2} } +\frac{2750}{(1+0.10)^{3} } }{5000}\)

PI = 1.45

d. Based on the NPV measure, which indicates the net value generated by the project, the appropriate decision is to proceed with the project. Since the NPV is positive ($2,246), it implies that the project's benefits outweigh its costs, resulting in increased shareholder wealth.

Therefore, the project is considered acceptable from a financial perspective.

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Currently the UK market for Salt Pipes is worth €1.85m. It is estimated that over the next 3 years this will
Increase by around 225%.
04:Calculate the anticipated value of the UK salt pipe market in 3 years' time (4)
£1.85m - increases by 225%
1.85m/1000.0185
0.0185 * 1%
0.0185 x 225 4.1625
£1.85m 44.1625 s £6.0125
1
I

Answers

Answer:

€4.1635

Explanation:

The current market is worth €1.85m

In the next three years , it will increase by 225%

The value in three years time will be 225% of €1.85m

=225/100 x €1.85m

=2.25 x €1.85m

= €4.1635

One benefit of repeating the self improvement process is that you can ______.
a.
Pay lower fees to plan and maintain the new goal
b.
See everything with fresh eyes
c.
Use skills and information from previous goals
d.
Reduce the time spent improving at work


Please select the best answer from the choices provided

A
B
C
D

Answers

One benefit of repeating the self improvement process is that you can Use skills and information from previous goals. They can endeavour to the strengthen their areas of weakness and become better people.

Repetition of the self-improvement process improves previously acquired skills. They can employ those abilities to accomplish their present objectives. The person's abilities benefit improve as a result of their increased self-awareness. Personal qualities are acknowledged as soft talents that are challenging to teach (although not impossible). They are also referred to as "people skills" or interpersonal skills. Dependability, flexibility, drive, problem-solving, and analytical abilities are a few examples.

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types of environment ?​

Answers

Ecosystem

Desert

Forest

Tundra

Aquatic ecosystem

What is the standard deduction for marry filing joint for tax year 2017?

Answers

Answer: $12700

Explanation:

Standard deduction refers to the portion of income that's not being subjected to tax which can be used in the reduction of the tax bill. It should be noted that the amount of one's standard deduction will be based on the age, filing status, age, as well as some other criteria.

For taxpayers who don’t itemize, it should be noted that the 2017 standard deduction depends on the filing status and this include:

Single = $6,350

Married Filing Jointly = $12,700

Married Filing Separately = $6,350

Head of Household = $9,350

Qualifying Widow(er) = $12,700

Define Red Gross Society.​

Answers

Answer: The Indian Red Cross Society is a voluntary humanitarian organization to protect human life and health based in India.

Explanation: It is part of the International Red Cross and Red Crescent Movement, and so shares the Fundamental Principles of the International Red Cross and Red Crescent Movement.

Consider the following $1,000 par value zero-coupon bonds:
Bond Years to Maturity Price
A 1 909.09
B 2 811.62
C 3 711.78
D 4 635.52
The yield to maturity on bond A is: a. 10%. b. 11%. c. 12%. d. 14%. e. None of the options.

Answers

The YTM is the total return anticipated on a bond if it is held until maturity. It takes into account the bond's current market price, its par value, its coupon interest rate, and the time to maturity. The yield to maturity on bond A is 10%. The correct answer is option A

In the case of zero-coupon bonds, there are no periodic interest payments, so the YTM is simply the discount rate that equates the present value of the bond's future cash flows (i.e., its face value) to its current market price.

To calculate the yield to maturity (YTM) on a zero-coupon bond, we need to use the formula: \(YTM = ((Face Value / Price) ^ (1 / Years to Maturity)) - 1\) Using this formula, we can calculate the YTM for bond A as follows: \(YTM = ((1000 / 909.09) ^ (1 / 1)) - 1 YTM = (1.1 ^ 1) - 1 YTM = 0.1\) or 10%

Therefore, the correct answer is option a

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What is vulnerability? Give examples of vulnerability and the
mitigation method can be taken to remove it.

Answers

Vulnerability refers to a weakness or flaw in a system, process, or infrastructure that can be exploited by malicious actors to gain unauthorized access, disrupt operations, or compromise data integrity and confidentiality. Vulnerabilities can exist in software, networks, hardware, and even human factors.

Software Vulnerability: A software application may contain coding errors or design flaws that can be exploited.

Network Vulnerability: Weak network configurations, unsecured wireless networks, or outdated protocols can leave networks vulnerable.

Social Engineering Vulnerability: Humans can be a weak link in security.

Hardware Vulnerability: Flaws or weaknesses in hardware components can create vulnerabilities. For example, a hardware keylogger inserted between a keyboard and computer can record keystrokes.

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is it cool when you have friends at school

Answers

Answer:

Well yes I would suppose…unless you’re the loner type. I don’t have any friends so I wouldn’t really know—

._.

Answer:

yes, i guess you could say that its cool to have friends at school. but it is important to make sure that they dont get in the way of schoolwork or influence you to do anything bad

Explanation:

08. A company sells two products--J and K. The sales mix is expected to be $3.00 of sales of Product K for every $1.00 of sales of Product J. Product J has a contribution margin ratio of 40% whereas Product K has a contribution margin ratio of 50%. Annual fixed expenses are expected to be $120,000. The overall break-even point for the company in dollar sales is expected to be closest to: A) $196,000 B) $200,000 C) $253,000 D) $255,000 Answer: C Level: Hard LO:9 Source: CIMA, adapted

Answers

the closest overall break-even point for the company in dollar sales is option A) $196,000. To calculate the overall break-even point in dollar sales, we need to determine the sales mix and the contribution margin ratio for each product.

Let's assume the total sales in dollars is represented by "X."

The sales mix ratio is given as $3.00 of Product K sales for every $1.00 of Product J sales. This means that the sales of Product J would be 1/4 of the total sales (X/4), and the sales of Product K would be 3/4 of the total sales (3X/4).

The contribution margin ratio for Product J is 40%, which means that 40% of each dollar of sales contributes to covering the fixed expenses and generating profit. Therefore, the contribution margin for Product J would be 0.40 * (X/4).

Similarly, the contribution margin ratio for Product K is 50%, so the contribution margin for Product K would be 0.50 * (3X/4).

To find the break-even point, we need the total contribution margin to cover the fixed expenses.

Total contribution margin = Contribution margin of Product J + Contribution margin of Product K

Total contribution margin = 0.40 * (X/4) + 0.50 * (3X/4)

Total contribution margin = X/10 + (3X/8)

Total contribution margin = (8X + 15X)/40

Total contribution margin = 23X/40

To break even, the total contribution margin should cover the fixed expenses of $120,000.

23X/40 = $120,000

23X = $120,000 * 40

23X = $4,800,000

X = $4,800,000 / 23

X ≈ $208,695.65

Therefore, the closest overall break-even point for the company in dollar sales is option A) $196,000.

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The allowance for bad debts account is contra to which of the following accounts? a. Carh b. Reveriue C. Bad Debt Fxpense d. Accoants Peceisable

Answers

The allowance for bad debts account is contra to the accounts receivable. This means that the answer is option (d) Accounts Receivable.

Contra accounts are used to keep track of transactions that reduce the value of an account balance in the financial statements. They have a balance opposite to that of the regular accounts and are used to help financial analysts understand financial statement information. They are included in the same financial statement classification as the related account, and they are disclosed separately in the financial statement.

An allowance for doubtful debts account, for example, reduces the balance of a business's accounts receivable account. Contra accounts are typically classified as one of the following three types: Allowance accounts, Accumulated Depreciation accounts, Discounts accounts. Thus, the allowance for bad debts account is contra to the Accounts Receivable account.

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