Answer:
Journal entry by Haley Legal services
Accounts title Debit Credit
Cash ($ 24 + 17500) $17,524
Common Stock $24
Additional Paid in Capital in excess of Par - Common Stock $17,500
Journal entry for Delicioy DOUGHNUT
Accounts title Debit Credit
Cash $294
Common Stock - nopar $294
Explanation:
Journal entry by Haley Legal services
Accounts title Debit Credit
Cash ($ 24 + 17500) $17,524
Common Stock $24
Additional Paid in Capital in excess of Par - Common Stock $17,500
Journal entry for Delicioy DOUGHNUT
Accounts title Debit Credit
Cash $294
Common Stock - nopar $294
The journal entry by Haley Legal services and Journal entry by Delicioy DOUGHNUT should be shown below.
Journal entry:by Haley Legal services
Accounts title Debit Credit
Cash ($ 24 + 17500) $17,524
Common Stock $24
Additional Paid in Capital in excess of Par - Common Stock $17,500
By Delicioy DOUGHNUT
Accounts title Debit Credit
Cash $294
Common Stock - nopar $294
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The CPI is based on the prices of a carefully selected market
basket of goods, all of which consumers can purchase at a
supermarket.
O True
O False
The CPI is based on the prices of a carefully selected market basket of goods, all of which consumers can purchase at a supermarket is false.
The CPI is a measure of inflation that tracks the average change over time in the prices paid by urban consumers for a fixed basket of goods and services.
The basket of goods and services included in the CPI represents the typical spending patterns of urban households, but it is not limited to items found in a supermarket. The basket includes a wide range of goods and services, such as housing, transportation, healthcare, education, and recreation, in addition to food and beverages.
The Bureau of Labor Statistics (BLS) in the United States, which calculates the CPI, regularly updates the basket of goods and adjusts their weights based on consumer spending patterns. The BLS collects data from thousands of retail stores, service establishments, and other providers to ensure a representative sample of prices across different regions and types of businesses.
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PROJECT: FARM SAFETY RULES
You and Gerald are preparing to build a wagon in the shop on your family farm. Since you may be busy with other tasks, you feel that it is important to instruct Gerald on shop safety. When the two of you walk into the shop, Gerald asks about the different colors that appear to be marking different areas. You realize that he is speaking about the OSHA color-coding that you and your grandfather painted just last winter. How do you explain the colors to Gerald? Sketch out an imaginary shop, and include the colors to differentiate the areas. This sketch will be the basis for your explanation. Include a written "script" that connects the important concepts to the colors. Be sure to use correct rules of writing and grammar.
The correct answer to this open question is the following.
The way I would explain the colors to Gerald is by sketching out an imaginary shop, including the colors to differentiate the areas Gerald could understand the way colors are used.
According to OSHA, the Occupational Safety and Health Administration, every factory, business, shop, and office must identify different zones of risk through the use of colors.
Signs with color red menas fired-related hazards, hot water, hazardous objects or machines, fire alarms, the sign of an exit.
Signs with the color yellow is to indicate "precaution." To be aware of, watch your step, stumbling, or tripling. It is a color to indicate precaution and avoid injuries.
Signs in orange are to identify potential risks with an added explanation. It is not too great a risk such as in the case of the color red, but it needs to communicate that there is a risk with consequences. Example: low clearance levels or electrical hazards.
The green color indicates general messages or important messages to be aware of. No specific risk or danger. Just to inform people to be alert. This color suggests good practices in the workplace.
The blue color indicates informative messages unrelated to risk practices.
Messages such as "show your ID all the time," or sign in, before entering."
Discuss the functions of government necessary for a country
The functions of government are crucial for the proper functioning and development of a country. These functions can vary depending on the type of government system in place, but there are several key functions that are commonly considered necessary for a country's stability and progress.
1. Legislation and Governance: One of the primary functions of government is to create and enforce laws that maintain order, protect individual rights, and promote the welfare of the citizens. Governments establish institutions and frameworks for governance, ensuring the rule of law and providing a system of justice.
2. Defense and Security: Governments are responsible for safeguarding the country and its citizens from external threats. This involves maintaining armed forces, intelligence agencies, and diplomatic relations to protect national security interests.
3. Economic Management: Governments play a crucial role in managing and regulating the economy. They establish fiscal and monetary policies, oversee financial institutions, promote trade, and create an environment that supports economic growth and stability. Government intervention is often necessary to address market failures, promote fair competition, and protect consumers.
4. Social Welfare: Governments have a responsibility to ensure the well-being and social welfare of their citizens. This includes providing basic services such as healthcare, education, social security, and infrastructure development. Governments also implement social policies to address poverty, inequality, and promote equal opportunities.
5. Public Services: Governments are responsible for delivering essential public services, such as transportation, utilities, public safety, and environmental protection. These services are necessary for the functioning of society and improving the quality of life for citizens.
6. Diplomacy and International Relations: Governments engage in diplomatic activities and maintain relationships with other nations. They negotiate treaties, participate in international organizations, and represent the country's interests abroad. Governments also address global challenges, such as climate change and human rights, through international cooperation.
7. Public Communication and Information: Governments have a role in providing transparent and accurate information to the public. They engage in public communication, disseminate information, and promote citizen engagement and participation in the decision-making process.
These functions of government are essential for maintaining social order, promoting economic growth, protecting citizens' rights, and ensuring the overall well-being of a country. Effective governance requires a balance between these functions, adaptability to changing circumstances, and responsiveness to the needs and aspirations of the citizens.
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3. ABC suppliers have an idea that an organization should be in good terms with the community, customers, and potential customers. Explain what public relations is. [2x1] [2]
Public relations (PR) is the practice of managing the communication between an organization and its various stakeholders, including the community, customers, potential customers, employees, investors, and the media.
The goal of Public relations (PR) is to create and maintain a positive image of the organization in the eyes of its stakeholders, enhance its reputation, and build relationships with key stakeholders.
PR professionals use various tools and strategies, such as press releases, media outreach, events, and social media, to communicate the organization's message and engage with its audiences.
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Dynamo Industries sold 80 packages of fireworks at a market price of $30 per package. If the firm earned a $2,000 profit, then what is the firm's average total cost?
An average package of fireworks from Dynamo Industries costs $5 overall. Since we know the profit was $2,000, we can deduct that sum from the entire amount of total revenue :
What is the formula for total revenue?Total revenue is crucial because it provides organizations with a broad grasp of the link between pricing and the demand from customers for more units of a certain product anywhere at given time. The simple method for calculating total revenue is: Price * Quantity Sold.
The term "total revenue" has what meaning?A company's overall sales is the sum of money it earns through the sale of its products and services. In other words, businesses utilize this statistic to assess the success of their primary revenue-generating activities.
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Suppose you win on a scratch‑off lottery ticket and you decide to put all of your $2,500
winnings in the bank. The reserve requirement is 10%
.
What is the maximum possible increase in the money supply as a result of your bank deposit?
maximum increase
Both of these occurrences stop the flow of money from banks to people and from people to banks.so limiting the expansion of the money supply.
His deposit at the bank increased by $2500 since he put his full winnings there. Now, based on the simple deposit multiplier formula, change in deposits is equal to 1/rr × change in reserves.
Change in deposits,
2500/0.05
50,000
Since there is no public money in circulation in this instance of a simple deposit multiplier, an increase in deposits of $2500 results in an increase in the money supply of $50,000.
The following scenarios would result in a less than potential growth in the money supply:
Banks chose to hold onto a portion of their excess reserves.
Some borrowers of loans opt to keep some cash on hand as opposed to depositing it fully in banks.
Both of these occurrences stop the flow of money from banks to people and from people to banks.so limiting the expansion of the money supply. In the first scenario, banks limit the amount of loans they can make to the public by not lending all of their excess reserves to them.
In the second scenario, people keep cash on hand rather than depositing the full amount, which again limits the number of loans that can be made and, in turn, limits the amount of available money in the economy.
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Identify whether each of the following events in this scenario occurs in the market for factors of production or the market for goods and services.
a. Caroline spends $10 to get her car washed.
b. Antonio spends $150 to purchase a necklace from Classy's jewelry Store.
c. Antonio earns $275 per week working for Spotless Car Wash.
Answer:
Identify whether each of the following events in this scenario occurs in the market for factors of production or the market for goods and services.
a. Caroline spends $10 to get her car washed.
b. Antonio spends $150 to purchase a necklace from Classy's jewelry Store.
c. Antonio earns $275 per week working for Spotless Car Wash.The following scenario occurs in the given markets-
Market for goods and services:
Caroline spends $10 to get her car washed.Antonio spends $150 to purchase a necklace from Classy's jewelry Store.Market for factors of production:
Antonio earns $275 per week working for Spotless Car Wash.Factor inputs are traded on the market for factors of production. The households provide the enterprises with the necessary production inputs. In exchange, the companies give them significant payments.
The companies generate a range of goods and services and offer them on the market for goods and services using factor inputs. The households pay for these goods and services and reimburse the companies.
Here, Antonio is providing his factor services to spotless car wash and earning factor income in return. So he/she is operating in the market for factors of production.
Antonio is purchasing a necklace which is a final good and paying for it. So he/she is operating in the market for goods and services.
Caroline is spending to get her car washed which is a final service. So she is operating in the market for goods and services.
What is market for goods and services?The place where the commodities and services created by businesses are purchased is known as the market for goods and services.
Businesses offer goods and services and consumers purchase products and services in the markets for commodities and services. Money moves in the opposite direction from products.
Consumers buy consumables on the products and services market, and firms sell their commodities there. The market encompasses physical stores, the Internet, and any other location where consumers can exchange goods and services.
What is market for factors of production?A market where the means, or factors, of production, are exchanged is known as a factor market. Input market is another name for the factor market. Usually, businesses will purchase and sell the resources they require in order to generate the goods and services that go to their customers.
Factor prices, which are paid in factor payments, are the costs associated with purchasing resources from the factor market by businesses or individuals. Additionally, product markets—where finished goods or services are offered to end users—are distinct from factor markets. In contrast to the factor market, where transactions are frequently between businesses, those in the product market are frequently between businesses and individuals.
It's also crucial to keep in mind that the labour market is a specific kind of factor market since, like any other input, people are resources needed to produce finished commodities or services.
Supporting answer
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Q3. Obtain an initial basic feasible solution to the following transportation problem
using Vogel’s approximation method.
D1 D2 D3 D4
A 5 1 3 3 34
B 3 3 5 4 15
C 6 4 4 3 12
D 4 -1 4 2 19
21 25 17 17 80
To use Vogel's approximation method to find a simple, workable solution to the transportation issue mentioned above.
How to calculate feasible solution?Determine the cost of the penalty for each cell:
D1 D2 D3 D4
A 5 1 3 3 34 (0) (50-4-2) = 44
B 3 3 5 4 15 (0) (30-9-3) = 18
C 6 4 4 3 12 (0) (20-11-5) = 4
D 4 -1 4 2 19 (0) (25-10-6) = 9
21 25 17 17 80
Find the column and row for each that has the highest penalty cost:
Column 1: R1 = 44, R2 = 18, R3 = 4, R4 = 9, maximum penalty in R1
Column 2: R1 = 44, R2 = 18, R3 = 4, R4 = 9, maximum penalty in R1
Column 3: R1 = 44, R2 = 18, R3 = 4, R4 = 9, maximum penalty in R1
Column 4: R1 = 44, R2 = 18, R3 = 4, R4 = 9, maximum penalty in R1
Row 1: C1 = 44, C2 = 44, C3 = 44, C4 = 44, maximum penalty in C1 and C2
As the initial cell, choose the one with the highest penalty cost:
(R1, C1) = 44
Give the chosen cell the supply and demand information:
Allocate 5 units to (R1, C1)'
D1 D2 D3 D4
A 0 1 3 3 34 5 (50-4-2) = 44
B 3 3 5 4 15 0 (30-9-3) = 18
C 6 4 4 3 12 0 (20-11-5) = 4
D 4 -1 4 2 19 0 (25-10-6) = 9
21 25 17 17 80
Repeat steps 2 through 4 until all supply and demand are met:
Column 2: R2 = 18, R3 = 4, R4 = 9, maximum penalty in R2
Row 2: C2 = 44, C3 = 18, C4 = 15, maximum penalty in C2
(R2, C2) = 18
Allocate 3 units to (R2, C2)
D1 D2 D3 D4
A 0 0 3 3 34 5 0
B 3 0 5 4 15 3 (30-9-3) = 18
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Rest of the question is,
Fat units Cost per unit
A 20 50 4 2
B 30 30 9 3
C 40 20 11 5
D 40 25 10 6
E 45 50 9 8
F 30 20 10 8
The monetary value of what a firm received for goods sold, services rendered, and other payments is termed
?
The answer is: Revenue or Revenies
Answer:
Revenue
Explanation:
The monetary value of what a firm received for goods sold, services rendered, and other payments is called the businesses "revenue." Revenue is profit received when businesses sell their goods to the consumer. Revenue can be gained by not only selling goods but giving services like fixing their house, giving therapeutic advice, or cleaning/repairing their teeth are some of the most common services sold.
Hope this helps.
QUESTION 1 of 10: Which is the best job-seeking resource?
O a) Newspaper
Ob) Cold calls
c) The web
d) None of the above
The web is the best job-seeking resource. Therefore option C is correct.
What is WEB?The World Wide Web, a portion of the Internet that consists of pages that can be accessed by a Web browser, is more commonly referred to as the "Web." The Web and the Internet are frequently used interchangeably because of this presumption.
The global server network that enables information sharing on the Web is actually referred to by the word "Internet." Therefore, even though a sizable amount of the Internet is made up of the Web, they are not the same thing.
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Excess supply of a product exerts ___________pressure on prices
Answer:
Downward
Explanation:
This is situation is called Market Excess, its occurs when there is excess supply, that is quantity supplied is greater than quantity demanded. In this situation, consumers will be able to buy as much of a good as they would like because the prices will dive low.
Why might customers choose to use a business that doesn’t meet all their needs?
Explanation:
they need meet needs so no business
When submitting the completed project, please show all work and number each answer accordingly.
When calculating the NPV use the following five columns (use for ALL NPV calculations):
Item
Year(s)
Cash Flow
Discount Factor
Present Value of Cash Flows
1. Tony Skateboards is considering building a new plant. James Bott, the company’s marketing manager, is an enthusiastic supporter of the new plant. Michele Martinez, the company’s chief financial officer, is not so sure that the plant is a good idea. Currently the company purchases its skateboards from foreign manufacturers. The following figures ere estimated regarding the construction of the new plant.
Cost of plant
$4,000,000.00
Estimated useful life
15 years
Annual cash inflows
$4,000,000.00
Salvage value
$2,000,000.00
Annual cash outflows
$3,550,000.00
Discount rate
11%
James Bott believes that these figures understate the true potential value of the plant. He suggests that by manufacturing its own skateboards the company will benefit from a “buy American” patriotism that he believes is common among skateboarders. He also notes that the firm has had numerous quality control problems with the skateboards manufactured by its suppliers. He suggests that the inconsistent quality has resulted in lost sales, increased warranty claims, and some costly lawsuits. Overall, he believes sales will be $200,000 higher than the projected above, and that the savings from lower warranty costs and legal costs will be $80,000 per year.
Required:
a. Compute the Cash Payback period for the project based on the original projections.
b. Compute the net present value of the project based on the original projections.
c. Compute the Cash Payback period for the project incorporating James’ estimates of the value of the intangible benefits.
d. Compute the net present value of the project incorporating James’ estimates of the value of the intangible benefits.
e. Comment on your findings.
2. The partnership of Michele and Mark is considering the following long-term capital investment proposal. Relevant data on the project is listed below. Salvage value is expected to be zero for the project. Depreciation is computed by the straight-line method. The company’s rate of return is the company’s cost of capital which 12%.
Brown
Capital Investment
$200,000.00
Annual Net Income:
Year 1
$25,000.00
Year 2
$16,000.00
Year 3
$13,000.00
Year 4
$10,000.00
Year 5
$8,000.00
Total
$72,000.00
Required:
a. Compute the cash payback period for the project. (round to two decimal places)
b. Compute the net present value for the project (round to the nearest dollar)
c. Compute the annual rate of return for the project.
d. Compute the profitability index for the project.
1
The Cash Payback period for the project incorporating James’ estimates of the value of the intangible benefits is 2.74 years.
Cash Payback Period = (Total Initial Investments- Salvage Value)/Net Annual Cash Flows
Cash Payback Period = (4000000-2000000)/(4000000-3550000)
Cash Payback Period = 4.44 years
The Cash Payback period for the project based on the original projections is 4.44 years.
Cash Payback Period = Total Initial Investments/Net Annual Cash Flows
Cash Payback Period = (4000000-2000000)/(4200000-3470000)
Cash Payback Period = 2.74 years
The Cash Payback period for the project incorporating James’ estimates of the value of the intangible benefits is 2.74 years.
Simply divide the initial cash outlay of a project by the amount of net cash inflow that the project generates annually to find how to calculate payback period in practice. You might assume that the net cash inflow is constant each year in order to calculate the payback period formula.
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Suppose a major oil company goes bankrupt. Its employees are laid off, and many of the vendors that it has contracts with are in financial trouble. On a single graph, show the following:
• The long-term equilibrium at which the economy begins.
• What happens after the oil company goes bankrupt? Label the new short-term equilib-
rium point. Are prices and quantities higher or lower? 1
• How does short-run aggregate supply respond? Assume this is the final response and with this response, we move to a long-term equilibrium. Label this long-term equilibrium point. Are prices and quantities higher or lower?
bankruptcy would likely have a negative impact on the overall economy, leading to a short-term decrease in aggregate demand
Oil CompanyThe oil company's bankruptcy would probably have a negative effect on the economy as a whole, resulting in a short-term decline in aggregate demand, assuming that it is a large player in the economy. On the graph, a movement to the left in the AD (aggregate demand) curve could be used to illustrate this.A shift along the short-run AS (aggregate supply) curve would show the short-term decline in prices and quantities as a result of the decline in demand. A new short-term equilibrium point with lower costs and quantities would result from this.Several suppliers, including those with contracts with the oil company, may go out of business or have to slash their prices as a result of the decreased demand.
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What happens when demand decreases while supply increases
Explanation: When demand decreases while supply increases, it creates a situation of surplus, also known as oversupply. This is because there is now more supply available in the market than there is demand for it, leading to a surplus of goods or services.
As a result, businesses may have to lower their prices to incentivize consumers to purchase their products or services. This can lead to a decrease in revenue for the businesses and potentially even lower profits. In some cases, businesses may also need to reduce their supply in response to the decrease in demand.
If the surplus persists over a longer period, businesses may also need to cut costs, such as reducing staff or production capacity, in order to remain profitable. This can have broader economic implications, such as rising unemployment rates and a decrease in overall economic activity.
Overall, a decrease in demand while supply increases can have negative consequences for businesses and the economy as a whole.
Answer: When demand increases and supply increases it leads to reduction in the equilibrium price.
Explanation:
The market price will fall as a result of a decline in demand and an increase in supply because, for any quantity, consumers now place a lower value on the item and producers are ready to accept a lower price.
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which of the following is a critical componenet that must be developed after selecting a strategic project and identifying a project manager
The project manager is in charge of organizing the project effort among project team members and stakeholders and keeping track of its development.
What are the four main duties of a project manager?Both project management and planning employing any project assurance and delegation tasks and following established reporting mechanisms. Plans for the project, the stage, and the exception should be made and updated as necessary. Developing back-up plans is part of controlling project risks.
What aspect of a project determines its success the most?Any project must have efficient communication from start to finish. The project's scope, desired result, and key players must all be clearly specified at the outset, and the entire team must support the initiative.
What components of the project implementation are most crucial?The most important of a project's four main phases—planning, execution, execution, and closure—is planning. This is due to the fact that how well you plan for your project to prevent deviations will determine its success.
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cookery tools help huhu
Answer:
2 is saute pan
and 1 is saucepan ig
In recent years, hours of market work have declined and leisure time increased. This trend
a. causes GDP to rise.
b. causes GDP to fall.
c. does not improve the well-being of people because they do not value leisure.
d. is not accounted for in GDP.
Explanation:
option B.........i guess
A bank is preparing a financial asset for trading in the over-the-counter market. It most nearly sounds as though they are _____. securitizing securitizing collateralizing a loan collateralizing a loan creating a derivative creating a derivative offsetting negative risk
A bank is preparing a financial asset for trading in the over-the-counter market. It most nearly sounds as though they are a derivative offsetting negative risk. The correct option is D.
What are over-the-counter financial instruments?OTC securities are those that are not listed on a national securities exchange. The majority of these securities are traded on Alternative Trading Systems (ATSs), which are quotation mediums that may include electronic interdealer quotation systems that show quotes from broker-dealers for many OTC securities.
In over-the-counter markets, trading is done electronically rather than in a physical location. An auction market system is very dissimilar from this. Dealers serve as market makers in OTC markets by quoting prices at which they will buy and sell securities, currencies, or other financial products.
Thus, the ideal selection is option D.
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Consumer A and Consumer B live in the same state where a sales taxes increase of 1% on all items has been enacted Consumer A has an income of $50,000 per year and Consumer B has an income of \$250,000 per year. Choose all scenarios that correctly describe the effects of the sales tax increase on Consumer A versus Consumer B.
Customer A would be much worse off as a result of the sales rate increase than Customer B.
Customer B will face fewer negative opportunity costs as a result of the sales raising taxes than Consumer A.
Customer A sales tax rate rises of 2% on a $10,000 car buy equals 2% of Consumer A's income, but only 4% of Consumer B's revenue.
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Answer:
A,C, and E
Explanation:
usa test prep
[Total = 25marks]
QUESTION 2
a. Azon and Son Ltd acquired use of plant over three years by way of a lease. Installments of
GhC700,000, are paid six monthly in arrears on 30 June and 31 December. Delivery of the plant
was on 1 January 2010 so the first payments of GhC700,00 was on 30 June 2010. The present
value of minimum lease payments is GhC3,000,000, Interest implicit in the above is 10% per six
months. The plant would normally be expected to last three. Azon and Son is required to insure
the plant and cannot return it to the lessor without severe penalties.
Required
i. Describe whether the above lease should be classified as an operating or finance
1
A significant portion of the asset's economic life—three years—is covered by the lease period. The minimum lease payment present value is GhC3,000,000, which is essentially the entire leased asset's fair market value.
The equivalent of monthly rent, a lease payment is formally stipulated in a contract between two parties and gives one party the right to use the other party's real estate holdings, manufacturing equipment, computers, software, or other fixed assets for a predetermined period of time.
A lease payment will be shown as a right-of-use asset and lease liability on the balance sheet. The ROU asset is the ownership of the asset under the lease contract, whereas the lease liability period is the payment obligation during the course of the lease contract.
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Action research is an effective strategy to address teams who may not be functioning well. What might this
involve?
Select an answer:
Leadership meets to select model sites, collect information on successful learning plans, and write and implement a
plan from these model sites.
A consultant meets with managers to determine the main areas of concern, then jointly develops and reviews
improvement plans over time.
A management team consisting of the leaders of each key organizational group meets to develop and implement a
detailed learning plan for each group.
All employees within the organization are formed into new groups, each meet to develop a learning plan for a different
topic.
↓
Action research is an effective strategy to address teams who may not be functioning well because it involves a collaborative, reflective, and problem-solving approach that aims to improve team performance and dynamics. In this process, a consultant typically meets with managers to determine the main areas of concern, and then jointly develops and reviews improvement plans over time (Option B).
During the action research process, the consultant and managers work together to identify specific issues affecting the team's performance, such as communication barriers, lack of clear roles and responsibilities, or interpersonal conflicts. Based on these identified areas, they develop an action plan with specific goals and strategies to address the issues.
The action plan might include strategies such as training sessions, team-building activities, or the implementation of new processes to improve communication and collaboration within the team. Throughout the implementation of the action plan, the consultant and managers continually assess the progress and effectiveness of the strategies, making adjustments as needed to ensure that the desired outcomes are achieved.
In summary, action research is an effective strategy for addressing poorly functioning teams as it involves a collaborative, reflective, and problem-solving approach to improve team performance. The process typically involves a consultant working with managers to identify areas of concern, develop an action plan, and review and adjust the plan over time to achieve the desired outcomes. So, the correct option is B.
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Which feature is a point of differentiation between products and services
Answer:
Products are tangible, offered by the companies to the customers in exchange for money.
Services are the intangible economic product that is provided by a person on the other person’s demand. It is an activity carried out for someone else.
Explanation:
helpp please 10 points!
2. What are Internal and external factors.
If the order is accepted, by how much will monthly profits increase or decrease? (The order would not change the company’s total fixed costs.) Show and label all computations using words and numbers to explain the steps please (final answer should be incremental profits)
If the Superior Company accepts the special order, monthly profits will increase by $2,500.
By how much will monthly profits increase or decrease if order is accepted?To determine the impact on monthly profits, we need to calculate the contribution margin per unit on the special order.
Contribution margin per unit = Selling price per unit - Variable costs per unit
= $15 - ($2.50 + $3.00 + $0.50 + $1.50)
= $7.50
The contribution margin ratio is 50% ($7.50 / $15).
The fixed costs are $4.25 + $2.00 = $6.25 per unit.
If the company accepts the special order, it will produce and sell an additional 2,000 units.
Total contribution margin from the special order:
= 2,000 units x $7.50 per unit
= $15,000
Since the order would not affect regular sales, the company's total fixed costs will remain the same. Therefore, the increase in monthly profits would be:
Increase in monthly profits = Total contribution margin from the special order - Incremental fixed costs
= $15,000 - ($6.25 x 2,000)
= $2,500.
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908 25. द्वितीय लेखाविधि तथा विश्लेषण Nuwakot Consultancy was organized on June 2, 2019, by a group of accountants to provide accounting and tax services to small businesses in Kathmandu. The following transactions occurred during the first month of business. June 2 June 5 June 8 June 15 June 17 June 23 June 28 June 29 Received contributions of Rs. 10,000 from each of the three owners of the business is exchange for shares of stock. Purchased a computer system for Rs. 12,000. The agreement with the vendor requires a down payment of Rs. 2,500 with the balance in 60 days. Signed a two-year promissory note at the bank and received cash of Rs. 20,000. Billed Rs. 12,350 to clients for the first-half of June. Paid a Rs. 900 bill from the local newspaper for advertising for the month of June. Received the amounts billed to clients for services performed during the first half of the month. Received and paid gas, electric, and water bills. The amount is Rs. 2,700. Received the landlord's bill for Rs. 2,200 for rent on the office space that Nano Consultancy leases. The bill is payable by the 10th of the following month. Paid salaries and wages for June. The total amount is Rs. 5,670. Billed Rs. 18,400 to clients for the second half. Declared and paid dividends in the amount of Rs. 6,000. June 30 June 30 June 30 Required: (a) Journal entries on the books of Nuwakot Consultancy. (For the transactions entered into during the month. Ignore depreciation and interest expenses). (b) Post the transactions into T-accounts. (c) A trial balance at June 30, 2019.
1. The Journal Entries on the books of Nuwakot Consultancy for the June Transactions are as follows:
Journal Entries:Date Transactions Debit Credit
June 2 Cash Rs. 30,000
Common Stock Rs. 30,000
June 5 Computer Rs. 12,000
Cash Rs. 2,500
Accounts Payable Rs. 9,500
June 8 Cash Rs. 20,000
Notes Payable Rs. 20,000
June 15 Accounts Receivable Rs. 12,350
Service Revenue Rs. 12,350
June 17 Advertising Expense Rs. 900
Cash Rs. 900
June 23 Cash Rs. 12,350
Accounts Receivable Rs. 12,350
June 28 Utility Expense Rs. 2,700
Cash Rs. 2,700
June 29 Rent Expense Rs. 2,200
Rent Payable Rs. 2,200
June 30 Salaries &
Wages Expense Rs. 5,670
Cash Rs. 5,670
June 30 Accounts Receivable Rs. 18,400
Service Revenue Rs. 18,400
June 30 Dividends Rs. 6,000
Cash Rs. 6,000
2. The Posting of the transactions into T-accounts is as follows:
Cash AccountDate Transactions Debit Credit
June 2 Common Stock Rs. 30,000
June 5 Computer Rs. 2,500
June 8 Notes Payable Rs. 20,000
June 17 Advertising Expense Rs. 900
June 23 Accounts Receivable Rs. 12,350
June 28 Utility Expense Rs. 2,700
June 30 Salaries and Wages Expense Rs. 5,670
June 30 Dividends Rs. 6,000
June 30 Balance Rs. 44,580
Rs. 62,350 Rs. 62,350
Common StockDate Transactions Debit Credit
June 2 Cash Rs. 30,000
ComputerDate Transactions Debit Credit
June 5 Cash Rs. 2,500
June 5 Accounts Payable Rs. 9,500
June 30 Balance Rs. 12,000
Accounts PayableDate Transactions Debit Credit
June 5 Computer Rs. 9,500
Notes PayableDate Transactions Debit Credit
June 8 Cash Rs. 20,000
Rent PayableDate Transactions Debit Credit
June 29 Rent Expense Rs. 2,200
Accounts ReceivableDate Transactions Debit Credit
June 15 Service Revenue Rs. 12,350
June 23 Cash Rs. 12,350
June 30 Service Revenue Rs. 18,400
Service RevenueDate Transactions Debit Credit
June 15 Accounts Receivable Rs. 12,350
June 30 Accounts Receivable Rs. 18,400
June 30 Balance Rs. 30,750
Advertising ExpenseDate Transactions Debit Credit
June 17 Cash Rs. 900
Utility ExpenseDate Transactions Debit Credit
June 28 Cash Rs. 2,700
Rent ExpenseDate Transactions Debit Credit
June 29 Rent Payable Rs. 2,200
Salaries and Wages ExpenseDate Transactions Debit Credit
June 30 Cash Rs. 5,670
DividendsDate Transactions Debit Credit
June 30 Cash Rs. 6,000
3. The preparation of the trial balance at June 30, 2019, is as follows:
Date Transactions Debit Credit
Cash Rs. 44,580
Common Stock Rs. 30,000
Computer Rs. 12,000
Accounts Payable Rs. 9,500
Notes Payable Rs. 20,000
Rent Payable Rs. 2,200
Accounts Receivable Rs. 18,400
Service Revenue Rs. 30,750
Advertising Expense Rs. 900
Utility Expense Rs. 2,700
Rent Expense Rs. 2,200
Salaries and Wages Expense Rs. 5,670
Dividends Rs. 6,000
Totals Rs. 92,450 Rs. 92,450
What are the journal entries?Journal entries are made to record the transactions of a business as they occur daily.
Journal entries help post transactions to the general ledger (T-accounts).
With a trial balance, the balances in the general ledger are summarized to prepare financial statements.
Transaction Analysis:June 2 Cash Rs. 30,000 Common Stock Rs. 30,000
June 5 Computer Rs. 12,000 Cash Rs. 2,500 Accounts Payable Rs. 9,500
June 8 Cash Rs. 20,000 Notes Payable Rs. 20,000
June 15 Accounts Receivable Rs. 12,350 Service Revenue Rs. 12,350
June 17 Advertising Expense Rs. 900 Cash Rs. 900
June 23 Cash Rs. 12,350 Accounts Receivable Rs. 12,350
June 28 Utilities Expense Rs. 2,700 Cash Rs. 2,700
June 29 Rent Expense Rs. 2,200 Rent Payable Rs. 2,200
June 30 Salaries and Wages Expense Rs. 5,670 Cash Rs. 5,670
June 30 Accounts Receivable Rs. 18,400 Service Revenue Rs. 18,400
June 30 Dividends Rs. 6,000 Cash Rs. 6,000
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When classifying debt securities, what is the difference between Trading Securities (TS),
Held-to-maturity (HTM), and Available-for-sale (AFS)? And are there differences in these securities when recording journal entries?
HTM Securities, which the board has the goal and capacity to hold until development, are conveyed at amortized cost. AFS protections are conveyed at fair worth and hidden gains and misfortunes .
What Are Held-to-Development (HTM) Securities?Held-to-development (HTM) Securities are bought to be possessed until development. For instance, an organization's administration could put resources into a bond that they intend to hold to development. There are different bookkeeping medicines for HTM protections contrasted with protections that are sold temporarily.
HTM protections are normally revealed as a noncurrent resource; they have an amortized cost on an organization's fiscal summaries. Acquired revenue pay shows up on the organization's pay explanation, however changes in the market cost of the venture don't change on the association's bookkeeping proclamations.
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Hank, a calendar-year taxpayer, uses the cash method of accounting for his sole proprietorship. In late December, he performed $20,000 of legal services for a client. Hank typically requires his clients to pay his bills immediately upon receipt. Assume his marginal tax rate is 32 percent this year and will be 35 percent next year, and that he can earn an after-tax rate of return of 12 percent on his investments.
Explanation:
To analyze the tax implications and financial considerations for Hank, we need to evaluate two scenarios: (1) recognizing the income in the current year and (2) deferring the income to the following year.
Scenario 1: Recognizing the income in the current year
If Hank recognizes the $20,000 of legal service income in the current year, he will be subject to income tax at his marginal tax rate of 32 percent. This means he will owe $6,400 in taxes ($20,000 x 0.32). After paying the tax, he will have $13,600 ($20,000 - $6,400) available for investment.
Scenario 2: Deferring the income to the following year
If Hank chooses to defer the income to the following year, he won't have to pay tax on it in the current year. He can invest the full $20,000 and earn an after-tax rate of return of 12 percent. This will result in an investment return of $2,400 ($20,000 x 0.12).
Comparing the two scenarios, we can calculate the net benefit of deferring the income. The net benefit is the difference between the investment return in Scenario 2 and the taxes owed in Scenario 1. In this case, the net benefit is $2,400 - $6,400 = -$4,000.
Since the net benefit is negative, it would be financially disadvantageous for Hank to defer the income to the following year. Recognizing the income in the current year and paying the taxes allows him to invest the remaining amount immediately and potentially earn a higher after-tax return.
However, it's important to note that tax and investment decisions depend on various factors, and this analysis is based on the provided information. Consulting with a tax professional or financial advisor would be recommended for a comprehensive evaluation of Hank's specific situation.
CSelect the items from this list that are examples of misconceptions.
A high school student is too young to have a budget.
A bank is not a safe place to keep your money.
Buy stock before you have a steady income.
After high school, there is no need to become more educated.
Save your money as soon as you have a full-time job.re the deadline.
Are Corporate Stakeholders nothing more than “free riders”, explain your answer?
No, corporate stakeholders are not merely "free riders."
Are corporate stakeholders merely taking advantage without contributing?Corporate stakeholders play a vital role in the success and sustainability of a company. They include shareholders, employees, customers, suppliers, and the local community. Each stakeholder group has a vested interest in the company's operations and outcomes.
Shareholders invest their capital, employees contribute their skills and labor, customers provide revenue, suppliers offer goods and services, and the local community supports the company's presence. While stakeholders benefit from the company's success, they also actively contribute to its growth and prosperity.
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