Answer:
FV= $249,204.72
Explanation:
Giving the following information:
Annual deposit= $5,600
Interest rate= 11%
Number of periods= 17 years
To calculate the future value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {5,600*[(1.11^17) - 1]} / 0.11
FV= $249,204.72
The commissioner obtains a restraining order against a person who has violated an insurance law. The person continues the violation for 10 days. The person has to pay a fine of, how much?
Based on the fact that the person continued to violate the restraining order, the fine that the person has to pay is $0.00.
How much should the person pay?When a restraining order is issued for insurance law, there is a period of 10 days that the fines would not take effect in.
This means that the person can keep committing the violation within those ten days without having to pay any fines so the amount this person will pay is $0.00.
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For most people, experiencing stress is
a normal
b. extraordinary
c. exciting
d. boring
Answer:
A. normal
Explanation:
QUESTION 1 of 10: When buying an existing business, it is important to:
a) Find out why the business is for sale
b) Review existing financial statements
c) Both a) and b)
d) None of the above
Answer:
C
Explanation:
Consumer behavior is generally influenced by four elements. Whether or if your target customer purchases your goods depends on these considerations. They are social, psychological, personal, and cultural. Thus, option C is correct.
What is required to purchase an existing business?The examination of a business can be broken down into four clusters: the seller's background and motivations, any legal issues that may impact the operation.
The company's financial situation, and the company's standing and future prospects in its industry (its products, services, and future).
This is because an established business already has a proven track record of success. Higher chance of surviving, Numerous new businesses fail during their first few years of operation.
Therefore, Review existing financial statements and find out why the business is for sale.
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Pastor Malachi received $55,000 in ministerial earnings: $38,500 salary for ministerial services,
$2,750 for performing weddings, and $13,750 excluded parsonage allowance. He incurred
$7,000 of unreimbursed expenses connected with his ministerial earnings: $5,500 related to his
ministerial salary and $1,500 related to the weddings performed as self-employed. What is
Pastor Malachi's deductible amount of unreimbursed expenses?
Pastor Malachi's deductible amount of unreimbursed expenses, given the excluded parsonage allowance, and the ministerial earnings, is $ 1, 125.
How to find the deductible amount of unreimbursed expenses?First, find the non deductible portion for Pastor Malachi's earnings as:
= Excluded parsonage allowance / Ministerial earnings x Earnings as self - employed
= 13, 750 / 55, 000 x 1, 500
= $ 375
Then, the deductible amount of unreimbursed expenses would be:
= Earnings from self - employment - non deductible portion
= 1, 500 - 375
= $ 1, 125
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Collateral will not matter in the loan process if
which of the following occurs?
A. The person defaults on a loan.
B. Another item is bought in place of the original item.
C. A person makes all of their loan payments on time.
D. The bank gathers information in order to approve a loan.
In the event that the bank gathers data before approving a loan, collateral won't be taken into consideration. Option (D) is right as a result.
In the financial industry, collateral is a valuable asset that a borrower pledges as security for a loan.
For instance, the house bank is used as collateral when a home buyer gets a mortgage. The automobile is used as collateral for a car loan. When a company seeks bank funding, the company may use valuable property or equipment as loan collateral.
In the event of a default, the lender may take possession of the collateral and sell it to repay its losses.
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Answer for lab Plato
* Who is the teen entrepreneur? Young people the age of 13 to 18.
* What makes this business successful? Useful for the community, solves their problems.
* How did the teens prepare for entrepreneurship?looked for solutions for people, requirements to start a business, get financially help from family etc.
* Where did they get startup money? Selling s service to get paid, Crowdsourcing through Kickstarter could be an option, while parents and friends might help, too.
* What was the motivation for starting a business? To overall help their community.
The teen entrepreneur are young people the age of 13 to 18.
This business is successful because it is useful for the community, solves their problems.
What are the responses to other questions?* The teens prepare for entrepreneurship by looking for solutions for people, requirements to start a business, get financially help from family etc.
* They got startup money from selling service to get paid, Crowdsourcing through Kickstarter could be an option, while parents and friends might help, too.
* The motivation for starting a business was too overall help their community.
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What sections make up a balance sheet?
Assets
Capital
Liabilities
Owner's Equity
assets, liabilities, and equity.
Analyze and discuss when earnings management may be an ethical practice and when it is an unethical practice
Earning management follow ethical practices and unethical practice too that results in a genuine relationship among social responsibility. Similarly unethical have negative relationships and short-term goals. Unethical earning presents a misleading report.
To follow ethical practices right decisions, need to be followed that allow management to frame a better view. A practice that leads to a fair view of presentation is referred to as ethical practices that focus on long-term goals and not on personal gains. Where practices lead to misleading of activities that mislead users and stakeholders as well then such practices lead to unethical practice
Its the choice of the head department to keep up the policies that affect earning management followed by the ethical results.
Wilma's Winery uses the indirect method to determine net cash provided by operating activities. During 2017, Wilma experienced a
decrease in Accounts Receivable of $8,000, an increase in Accounts Payable of $1,000, and an increase in Inventory of $4,000. What
should be reported as the net cash provided by operating activities if net income was reported at $23,000?
O $34,000
O $26,000
O $28,000
O $20,000
Answer: $23,000+ $8000+ $1000 - $4000= 28,000
$28,000 should be reported as the net cash provided by operating activities if net income was reported at $23,000. Hence, option C is correct.
What is operating activities?All the actions a company takes to constantly promote its products and services are referred to as operating activities. Non-operating activities are one-time occurrences that are unconnected to the normal, primary business activity of the company but may have an impact on sales, costs, or cash flow.
Cash flow from operating activities refers to the earnings a company makes through ongoing, regular business activities like creating and selling things or providing clients with services. It appears as the first section of a corporation's cash flow statement.
Operating activities generate the majority of the organization's cash flows because they are intimately tied to its core business operations, including sales, distribution, production, and so forth.
Thus, option C is correct.
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According to the video, what strategy do many banks use with their employees?
They transfer workers to new locations
They hire from other banks
They promote from within
They maintain the current staff
Answer: C
Explanation:
I just took the test
Answer:
The answer is c
Explanation:
Why is OpenAI recognized for changing the industry?
OpenAI recognized for changing the industry because it aid:
Online shopping and advertising. Web search.Digital personal assistantsWhat is the purpose and usefulness of artificial intelligence?OpenAI can be described as a research and deployment company that is set up to establish artificial general intelligence benefits to the humanity as a whole.
How the OpenAI can change industry includes;
Help them in term of advertisement to increase profit.Online assistance to reduce number of workers , hence reduce cost.Render web search assistance.Conclusively, OpenAl can use of Digital personal assistants to help industry.
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free easy points
What are two of the most popular games of their genre like for example ( battle royale, Gacha, puzzle you catch my drift)? Also, list their sales il do one for you Gacha do the rest pls :)
Answer:
Open world, or RPG
Explanation:
Whats your favorite?
The Better Business Buniau is a consumer protection organization sponsored by consumer groups.
O a. True
O b. False
what is an appropriate synonym for countertrading?
Answer:
international trade
Explanation:
An appropriate synonym for countertrading is Bartering
Bartering occur in a situation where a person or an individual gives out his or her items for the sole aim of receiving another item or goods in return.
Bartering is important as it enables people who does not have money to acquire the things they desire to acquire it by simply exchanging their goods or the items they have with another person who has want they need.
Inconclusion An appropriate synonym for countertrading is Bartering.
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Thomas’ family also runs a gourmet food store that sells two main products: Premium Caviar and Goose Foie Gras. They import the Premium Caviar from Russia, and purchase Goose Foie Gras from Upstate New York. The two products are sold in boxes. Thomas gathers the following information:
Premium Caviar Goose Foie Gras Totals
Units 4,000 12,000 16,000
Revenue $100,000 $180,000 $280,000
Variable costs 56,000 105,000 161,000
Fixed costs 20,000 40,000 60,000
Profit $ 24,000 $ 35,000 $ 59,000
Selling price per unit $25.00 $15.00
Contribution margin per unit $11.00 $6.25
Profit margin per unit $6.00 $2.92
When Thomas took accounting courses at college, he knows how to do cost-volume-profit analysis pretty well. However, he just remembers how to do the analysis for those companies with only one product. Therefore, he needs your help to calculate the following:
a. What is the business’ weighted-average contribution margin per unit? (show your computation)
b. Calculate the business’ break-even point in units assuming the current sales mix. (show your computation)
c. What will be the number of Premium Caviar and Goose Foie Gras boxes at the break-even level of sales? (show your computation)
d. What is the business’ weighted average contribution margin ratio? (show your computation)
e. What level of sales (in dollars) will be needed to earn a profit of $64,950 assuming the current sales mix? (show your computation)
f. What will be the sales (in dollars) of Premium Caviar and Goose Foie Gras boxes for the business’ total sales calculated in Part e? (show your computation)
Ratio of the weighted average contribution margin will be 0.50, or 50%.
How is the weighted-average contribution calculated?To get the weighted-average contribution margin per unit, the sales mix must be known (the proportion of total sales for each product). Let's assume that the sales ratio for Premium Caviar & Goose Foie Gras is 50:50, which means that Premium Caviar makes up half of overall sales and Goose Foie Gras makes up the other half.
In order to compute the weighted-average contribution margin per unit, the contribution margin per unit for every product (Premium Caviar & Goose Foie Gras) must first be determined. Compute the contribution margin by deducting the variable cost per unit from of the selling price per unit.
Let's proceed with the supposition that:
Premium Caviar:
Selling price (per unit): $50
Variable cost (per unit): $25
Contribution margin (per unit): $50 - $25 = $25
Goose Foie Gras:
Selling price (per unit): $30
Variable cost (per unit): $15
Contribution margin (per unit): $30 - $15 = $15
To calculate the weighted-average contribution margin per unit, the contribution margin per unit for each product is multiplied by the proportion of sales for that product.
Weighted-average contribution margin (per unit) = (Premium Caviar's contribution margin per unit x percentage of premium caviar sales) + (Margin of contribution per serving of goose foie gras x the percentage of sales of goose foie gras)
= ($25 x 0.50) + ($15 x 0.50) = $20
The total fixed costs of the company must be known in order to determine the break-even point in units. Assume that the $100,000 total fixed expenses.
The following formula is used to compute the break-even point in units:
Break-even point (units) = Total fixed costs / Contribution margin (per unit)
= \(\frac{100,000}{2}\) = 5000 units
To figure out how many boxes of Premium Caviar and Goose Foie Gras are required to achieve break-even sales, we must first establish the sales mix. The sales mix we assumed earlier (50:50) can be multiplied by the break-even point in units to produce the following result:
Premium Caviar boxes = (Break-even point (units) x Proportion of sales)
= (5000 x 0.50) = 2500 boxes
Goose Foie Gras boxes = (Break-even point (units) x Proportion of sales)
= (5000 x 0.50) = 2500 boxes
The weighted average contribution margin per unit must be divided by the weighted average selling price per unit in order to obtain the weighted average contribution margin ratio.
Weighted-average selling price per unit = (Cost per unit of sale for premium caviar x percentage of premium caviar sales) + (Price per unit of goose foie gras for sale x the percentage of sales of goose foie gras)
= ($50 x 0.50) + ($30 x 0.50) = $40
Weighted-average contribution margin ratio = Weighted-average contribution margin (per unit) / Weighted-average selling price (per unit)
= \(\frac{20}{40}\) = 0.50 or 50%.
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On January 7, 2021, Martin Corporation acquires two properties from a shareholder solely in exchange for stock in a transaction that qualifies under § 351. The shareholder's basis, the fair market value, and the built-in gain (loss) of each property are: Martin adopts a plan of liquidation later in the year and distributes Property 2 to a 20% shareholder when the property is worth $586,740.
The shareholder's basis, the fair market value, and the built-in gain (loss) of each property are 75000
A $300,000 carryover basis serves as Martin's basis in Property 1.
Martin has a stepped-down basis in Property 2 of $475,000.
Workings:
Martin's basis in Property 2 is 525,000 less 50,000, which is 475,000.
b. Martin has a recognised loss of $75,000 and a $125,000 realised loss.
Workings:
Realized loss is calculated as follows: 350000 - 475000 (Distribution value FMV - Stepped down basis) = 125000
Acquired value FMV - Stepped down basis = 400000 - 475000 = Recognized loss = 75000
Given that the shareholding is less than 50%, the distribution is not a related party transaction, and the related party limitation is therefore not applicable.
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Beacon Corporation issued a 7 percent stock dividend on 22,500 shares of its $9 par common stock. At the time of the dividend, the market value of the stock was $28 per share. Required Compute the amount of the stock dividend. Show the effects of the stock dividend on the financial statements using a horizontal statements model. Prepare the journal entry to record the stock dividend.
1. The amount of the stock dividend is $44,100 (1,575 x $28) because it is a small stock dividend, that is, less than 25%. A small stock dividend is recorded at the market price instead of the par value.
2. The effects of the stock dividend on the financial statements are as follows:
Balance Sheet Retained Earnings Statement of Cash Flows
Assets = Liabilities + Equity
Assets = $44,100 + ($44,100) ($44,100) None
Data and Analysis:
Common stock at $9 par value
Stock dividend shares = 1,575 (22,500 x 7%)
Par Value of stock dividend = $14,175 (1,575 x $9)
Additional Paid-in Capital = $29,925 (1,575 x $19
Market value of the stock per share = $28
Retained Earnings $44,100 Additional Paid-in Capital $29,925 Common Stock $14,175
Stock Dividend $44,100 Stock Dividend Distributable $44,100
Thus, the effects of the issuance of the 7% stock dividend are the creation of a liability of $44,100 and a reduction of the Retained Earnings, which are transferred to the Common Stock and Additional Paid-in Capital.
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Mason (single) is a 50 percent shareholder in Angels Corporation (an S Corporation). Mason receives a $180,000 salary working full time for Angels Corporation. Angels Corporation reported $400,000 of taxable business income for the year (2022). Before considering his business income allocation from Angels and the self-employment tax deduction (if any), Mason's adjusted gross income is $180,000 (all salary from Angels Corporation). Mason claims $50,000 in itemized deductions. Answer the following questions for Mason.
b. Assuming the business income allocated to Mason is income from a specified service trade or business, what is Mason's deduction for qualified business income? Ignore the wage-based limitation when computing the deduction.
Assume the same facts as question (b), except that Angels Corporation reported $150,000 of taxable business income for the year. What is Mason's deduction for qualified business income? Ignore the wage-based limitation when computing the deduction.
Mason is from a specified service trade or business, his deduction for qualified business income would be $40,000 when Angels Corporation reported $400,000 of taxable business income.
b. Since Mason is a 50 percent shareholder in Angels Corporation, he is eligible for a deduction for qualified business income (QBI) based on his share of the corporation's income. In this case, assuming the business income allocated to Mason is income from a specified service trade or business, his QBI deduction would be 20 percent of the allocated business income.
Given that Angels Corporation reported $400,000 of taxable business income for the year, Mason's share of that income would be $200,000 (50 percent of $400,000). Therefore, his deduction for qualified business income would be $40,000 (20 percent of $200,000).
Assuming the same facts as in question (b), but with Angels Corporation reporting $150,000 of taxable business income for the year, Mason's share of that income would be $75,000 (50 percent of $150,000). Thus, his deduction for qualified business income would be $15,000 (20 percent of $75,000).
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how does the nature of human resources help to manage internal and external business relationship to foster positive interactions?
Answer:
>>>>>>>
Explanation:
What is the trial balance used?
a. It is a financial statment.
b. It doesn't contribute to the accounting cycle.
c. It records balance of a balance sheet.
d. It records balance of accounts.
Answer:
c
Explanation:
Keesha Company borrows $175,000 cash on November 1 of the current year by signing a 180-day, 9%, $175,000 note
After 180 days from the borrowing date, Keesha Company must pay the lender a total of $183,219.18.
Given
Borrowing = $175,000
Rate = 9%
Time = 180 days
Assume: 365 days
Required to calculate the total repaid amount after 180 days
Interest = Borrowing x rate x time / 365 x 365
= $175,000 x 9 x 180 / 365 x 100
= $8219.18
Amount repaid = borrowing + interest
= $175,000 + $8219.18
= $183,219.18
Therefore, After 180 days from the borrowing date, Keesha Company must pay the lender a total of $183,219.18.
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Entrepreneurship is when someone:
a.) does not work for hourly pay, but instead pays themself.
b.) goes into a business partnership with a co-founder.
c.) sets up, founds, or develops a unique business.
d.) looks for ways to make money in unique ways.
Entrepreneurship is when someone sets up, founds, or develops a unique business. option C is the answer
Who is an Entrepreneur?
An entrepreneur is an individual with a unique idea that s aimed as problem solving.
The person identifies a problem and then create a lasting solution that will bring about opportunities and satisfaction to the people.
An entrepreneur bears the risk that comes from starting or establishing a new business and create opportunity around it.
Therefore, someone who sets up, founds, or develops a unique business is an entrepreneur.
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What is market environment
Answer:
The market environment is the combination of external and internal factors that affect a company's ability to establish a relationship with and serve its consumers.
Explanation:
The internal factors relate to the company itself, such as owners, workers, materials, components, etc.
The external factors are divided into macro and micro components. The macro component is the broad environment which includes societal forces that affect society as a whole. The micro component is task-related, which includes factors that influence the production, manufacturing and distribution of a product or service.
When did kylie jenner was born
In a castle !!!!!!!!!!!!
Answer:Kylie Jenner was born in August’s 10th 1997 making her 23 years old
While examining cash receipts information, the accounting department determined the following information: opening cash balance $180, cash on hand $1,350.89, and cash sales per register tape $1,186.34. Prepare the required journal entry based upon the cash count sheet.
Answer:
Cash $1,170.89
Cash Over/Short $15.45
To Sales Revenue $1,186.34
(Beingthe cash is recorded)
Explanation:
Before passing the journal entry first we have to determine the ending cash balance which is shown below:
Ending Cash Balance is
= Opening Cash Balance + Sales
= $180 + $1,186.34
= $1,366.34
Short cash is
= Ending cash balance - cash on hand
= $1,366.34 - $1,350.89
= $15.45
And, the actual cash is
= Cash on hand - opening cash balance
= $1,350.89 - $180
= $1,170.89
Now the journal entry is
Cash $1,170.89
Cash Over/Short $15.45
To Sales Revenue $1,186.34
(Being the cash is recorded)
Differential Analysis for a Lease or Sell Decision Granite Construction Company is considering selling excess machinery with a book value of $282,400 (original cost of $400,700 less accumulated depreciation of $118,300) for $275,700, less a 5% brokerage commission. Alternatively, the machinery can be leased for a total of $284,900 for five years, after which it is expected to have no residual value. During the period of the lease, Granite Construction Company's costs of repairs, insurance, and property tax expenses are expected to be $24,600.
Required:
Prepare a differential analysis, dated November 7 to determine whether Granite should lease (Alternative 1) or sell (Alternative 2) the machinery.
Answer and Explanation:
The preparation of the differential analysis is presented below:
Particulars Lease Machinery Sell Machinery Differential Effect on Income
Revenues $284,900 $275,700 $9,200
Costs $24,600 $13,785 $10,815
Income (Loss) $260,300 $261,915 -$1,615
It is better to sell the machinery as it has a loss of $1,615
Which type of car insurance policy usually has the highest premium?
Comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.
Comprehensive car insurance is an optional coverage that provides protection against damage to your vehicle from various risks such as theft, vandalism, fire, and natural disasters. It also covers damages to your car from collisions with animals. Comprehensive car insurance provides broader coverage than liability insurance, including damage to both other people and property and your own car, making it more expensive.
Therefore, comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.
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Monthly wage is : a . Independent variable . b . Moderating variable . This is not clear based on the above information . d . Dependent variable .
Answer:
I think it's B
Explanation:
6. Why do employees often feel that appraisals “highlight all the bad things they did all year?”
Answer:
Explanation:
Performance appraisal is the method by which the performance of an employee is determined by the employer. It's main purpose is to eliminate the performance deficiencies of the employees. It is a part of career management.
The appraisals stress on the need to have more efficient employee and the deficiencies of the employee pointed out by the appraisal are overcome by the employee by taking the required training. Thus the employees feel that appraisals highlight all the bad things they did al year.
I. A clinic encourages its customers to have their bond checked with the claim that one out
of four 60-year-old men need to be supplemented with glucosamine. If this is true, what is
the probability of the following events:
a. Two out of the next eight 60 year-old men need to be supplemented with glucosamine
b. Three out of the next 12 60 year-old men need to be supplemented with glucosamine
A clinic encourages its customers to have their bond checked with the claim that one out of four 60-year-old men need to be supplemented with glucosamine. If this is true, then the probability of the following events is Two out of the next eight 60 year old men need to be supplemented with glucosamine.
Glucosamine is a naturally occurring compound in the body. It is required for the formation and repair of cartilage as well as other body tissues.
Because glucosamine production slows in age, some people take glucosamine supplements to help them fight aging-related health issues like osteoarthritis. The majority of supplements are made from the shells of marine life, such as prawns and crabs.
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