Charlie started auto repair company and contributed an automotive lift and other equipment he personally owned to the company. this equipment would be recorded at the current worth, called commerical transaction.
A commercial transaction needs to fulfil the following requirements: It must be for a certain amount of money (i.e., of a financial value) It must be backed up with a source text (e.g. sales invoice, official receipt, disbursement voucher, remittance advice, etc.) It must affect the components of accounting in two ways.
Identifying and analysing transactions, recording transactions in a journal, posting journal information to a ledger, and preparing an unadjusted trial balance are the first four processes in the accounting cycle.
The accounts are divided into asset accounts, liability accounts, capital or owner's equity accounts, withdrawal accounts, revenue/income accounts, and expense accounts, in accordance with the modern approach.
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You run a school in Florida. Fixed monthly cost is $5,911.00 for rent and utilities, $6,031.00 is spent in salaries and $1,697.00 in insurance. Also every student adds up to $100.00 per month in stationary, food etc. You charge $625.00 per month from every student now. unanswered not submitted Attempts Remaining: 2 You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,682.00, salaries to $6,216.00 and insurance to $2,117.00 per month. Variable cost per student will increase up to $160.00 per month. However you can charge $1,002.00 per student. At what point will you be indifferent between your current mode of operation and the new option? Submit Answer format: Number: Round to: 0 decimal places.
You would be indifferent between the current mode of operation and the new option when you have 26 students.
To determine the point at which you would be indifferent between your current mode of operation and the new option, we need to compare the costs and revenues of each scenario.
Let's calculate the monthly profit for the current mode of operation:
Total fixed costs = Rent and utilities ($5,911.00) + Salaries ($6,031.00) + Insurance ($1,697.00)
= $13,639.00
Total variable costs per student = $100.00
Total revenue per student = $625.00
Profit per student = Revenue per student - Variable costs per student
= $625.00 - $100.00
= $525.00
Next, let's calculate the monthly profit for the new option:
Total fixed costs = Rent and utilities ($10,682.00) + Salaries ($6,216.00) + Insurance ($2,117.00)
= $18,015.00
Total variable costs per student = $160.00
Total revenue per student = $1,002.00
Profit per student = Revenue per student - Variable costs per student
= $1,002.00 - $160.00
= $842.00
To find the point of indifference, we need to determine the number of students that would make the profit the same in both scenarios.
Profit per student * Number of students = Total fixed costs
$525.00 * Number of students = $13,639.00
Number of students = $13,639.00 / $525.00
= 26
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This table shows the CTSOs that four high school students are involved in: A 2-column table with 4 rows. Column 1 is labeled Student with entries Elyse, Abin, Kendra, Angelica. Column 2 is labeled Current C T S O with entries T S A, F E A, D E C A, H O S A. Assuming the students continue down the same career path, which table shows the professional organization that each student would most likely be a part of in the future? A 3-column table with 4 rows. Column 1 is labeled Student with entires Elyse, Abin, Kendra, Angelica. Column 2 is labeled Current C T S O with entries T S A, F E A, D E C A, H O S A. Column 3 is labeled Future P O with entries A F P, A A S A, A S M E, A M A. A 3-column table with 4 rows. Column 1 is labeled Student with entires Elyse, Abin, Kendra, Angelica. Column 2 is labeled Current C T S O with entries T S A, F E A, D E C A, H O S A. Column 3 is labeled Future P O with entries A S M E, A A S A, S A G, A C S. A 3-column table with 4 rows. Column 1 is labeled Student with entires Elyse, Abin, Kendra, Angelica. Column 2 is labeled Current C T S O with entries T S A, F E A, D E C A, H O S A. Column 3 is labeled Future P O with entries S A G, A C S, A F P, A M A. A 3-column table with 4 rows. Column 1 is labeled Student with entries Elyse, Abin, Kendra, Angelica. Column 2 is labeled Current C T S O with entries T S A, F E A, D E C A, H O S A. Column 3 is labeled Future P O with entries A S M E, A A S A, A F P, A M A.
Answer:
The answer is A
Explanation:
when the dollar value of the euro is high (euro is strong) travel in the U.S is _______ for Europeans
Answer: Hard
Explanation:
when the dollar value of the euro is high travel in the U.S is hard for Europeans
Patty’s Pottery Company decided to sell its coffee mugs in the local coffee shop. What marketing decision was this?
Question 10 options:
Place
Promotion
Product
Price
Answer:
A- Place
Explanation:
Place refers to distribution or the methods and location.
characteristics of mixed economy
Answer:
- Protection of Labor Rights
- Co-surviving Public and Private Sectors
- Safeguarding of Consumer Rights
- Economic Planning
Explanation:
Don't know how many you're looking for, or what specifically, but those are a few that I've learned
Hope it helped
How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
How does a common-market agreement benefit citizens of a member country?
These are the cost and revenue functions for a line of 24-pound bags of dog food sold by a large distributor: r(x) = -31.72x2 2,030x c(x) = -126.96x 26,391 the maximum profit of $ can be made when the selling price of the dog food is set to $ per bag.
When the dog food is sold at $ 34 per bag, the maximum profit of $ 10277.32 can be realized.
What is revenue?Revenue is a measure of how much money a business makes through selling products or services. Finance experts utilize revenue, often known as income, to calculate profitability. Income can be found on numerous financial statements.
Revenue calculation is quite easy for simple business types. However, it is more challenging to estimate income accurately the more complicated the firm.
Profit = Revenue - Cost
P(x) = R(x) -C(x)
P(x) = \(-31.72x^2 + 2,030x - (-126.96x + 26,391)\)
Spread the negative sign out.
= \(-31.72x^2 + 2,030x+126.96x - 26,391\)
Conjoin similar terms
= \(-31.72 x^2 + 2156.96 x - 26391\)
A parabola exists here. It is pointing down. At the vertex, profits are highest ( where the max is)
vertex = \(h=\frac{-b}{2a} \\h=\frac{-(2156.96)}{2(-31.72)} \\h=\frac{-2156.96}{-63.44} \\h=34\)
P(x) at x=34 is evaluated to calculate the profit.
P(34) = \(-31.72 (34)^2 + 2156.96 (34) - 26391\)
= -36668.32+73336.64 - 26391
= 10277.32
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Which of the following is NOT a valid argument against a strategic trade policy in an externality-generating sector?
A. Such policies can lead to trade wars.
B. The externalities are hard to measure.
C. It might be better to address the appropriability problem directly.
D. The externalities can spill over across the border if free trade is allowed.
E. The externalities can spill over across the border if free trade is allowed.
The answer is E, "The externalities can spill over across the border if free trade is allowed." This argument actually supports a strategic trade policy, as it acknowledges that free trade can lead to negative externalities. The other options are valid arguments against a strategic trade policy in an externality-generating sector.
E. The externalities can spill over across the border if free trade is allowed.
This option is not a valid argument against a strategic trade policy in an externality-generating sector because it is a repetition of option D. The other options (A, B, and C) present different arguments against such policies.
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Filaska Corp. paid a dividend of $2.84 on its common stock at the end of last year. Dividends are expected to grow at a constant rate of 3% in the forseeable future. What is the intrinsic value of the stock if investors’ required rate of return is 12%? Round to two decimal places (Ex. $0.00)
The intrinsic value of a stock can be determined using the Gordon Growth Model, which calculates the present value of all future dividends.
In this case, we can use the formula:
Intrinsic Value = Dividend / (Required Rate of Return - Growth Rate)
Given that Filaska Corp. paid a dividend of $2.84 and the dividends are expected to grow at a constant rate of 3%, we can plug in these values into the formula.
Dividend = $2.84
Growth Rate = 3%
Required Rate of Return = 12%
Using the formula, the intrinsic value of the stock is:
Intrinsic Value = $2.84 / (0.12 - 0.03)
Now let's calculate it step by step:
1. Subtract the growth rate from the required rate of return:
0.12 - 0.03 = 0.09
2. Divide the dividend by the result:
$2.84 / 0.09 = $31.56
Therefore, the intrinsic value of the stock is $31.56 if the investors' required rate of return is 12%.
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A checking account
-is a time deposit account
-never earns interest
-is a demand deposit account and may have a charge for each check written
-has a limited number of withdrawals
A graphic organizer is a visual representation.
Please select the best answer from the choices provided
•T
•F
The given statement "A graphic organizer is a visual representation" is True because graphic organizers are an effective way to improve information retention and comprehension, making them a valuable tool in both personal and professional contexts.
A graphic organizer is a visual representation that helps individuals organize information in a clear and concise manner. This can be in the form of a diagram, chart, or other types of visual aids that make it easier to understand complex concepts or ideas. Graphic organizers can be used in various contexts, such as in educational settings to help students understand and remember important information, or in business, settings to help individuals organize their thoughts and ideas for presentations or reports.
One of the benefits of using graphic organizers is that they make it easier to identify relationships between different pieces of information. By visually organizing data, it becomes easier to see connections and patterns that may not be immediately apparent when looking at raw data. Additionally, graphic organizers can be customized to suit specific needs, making them a flexible tool for a variety of tasks.
Overall, graphic organizers are an effective way to improve information retention and comprehension, making them a valuable tool in both personal and professional contexts. Whether you are a student, educator, or professional, incorporating graphic organizers into your workflow can help you better organize and understand complex information.
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The production cost in GHC per week of producing x computers is given by
\(c(x) = 4000 - 32x + 0. 08 {x}^{2} + 0. 00006 {x}^{3} \)
and the demand function for the computers is given by
\(p(x) = 250 + 0. 02x - 0. 001 {x}^{2} \)
What is marginal cost, marginal product, and marginal revenue. When
\(x = 200 \)
and
\(x = 400\)
what does theses numbers tells you about marginal cost, marginal product and marginal revenue
When x = 200 and x = 400, you can calculate the values of marginal cost, marginal product, and marginal revenue at these specific production levels. These numbers will provide insights into the changes in cost, production, and revenue associated with increasing the quantity produced from 200 to 400 units.
Marginal cost represents the additional cost incurred by producing one more unit of output. It is calculated as the derivative of the cost function with respect to the quantity produced (x). In this case, the marginal cost can be obtained by taking the derivative of the cost function c(x).
Marginal product refers to the additional output produced by employing one more unit of input. It is calculated as the derivative of the production function with respect to the quantity produced (x).
However, the given problem does not provide a production function explicitly, so it is not possible to determine the marginal product.Marginal revenue represents the additional revenue generated by selling one more unit of output.
It is calculated as the derivative of the revenue function with respect to the quantity sold (x). In this case, the revenue function can be obtained by multiplying the price function p(x) by the quantity produced (x).
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Is it abc or cba
I wanna know thanks bro
Answer:
If your talking about Alphabetical order, it's ABC.
If your talking about anything else, it might be CBA.
Explanation:
If answer is 1, Go along with the alphabet.
ABCDEFGHIJKLMNOPQRSTUVWXYZ.
If it's two, (I actually don't know.)
What sum of money will grow to $2443.96 in nine years at 7.8% compounded semi-annually? The sum of money is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
We may use the compound interest calculation to get the amount that will increase to $2443.96 in nine years at a compound interest rate of 7.8% compounded semi-annually:
A = P(1 + r/n)nt
Where: A = the investment's future worth ($2443.96 in this case),
P stands for the primary (or initial payment).
r = the yearly interest rate (0.078 in decimal notation, or 7.8% annually).
(Semi-annually, thus 2) n is the number of compounding periods every year.
9 years are represented by the numeral t.
Let's figure out P.
2443.96 = P(1 + 0.078/2)^(2*9)
2443.96 = P(1.039)^18
P = 2443.96 / (1.039)^18
We calculate P to be $1221.82 (rounded to the nearest penny) using a calculator.
Consequently, the amount that will increase to $2443.96 in nine years at a 7.8% compounded growth rate
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Why would the U.S. Federal Reserve Chairman content that changes in monetary policy may have less of a positive impact than would fiscal policy changes on individuals and small businesses?
Answer:
i need help tooooooooooooo
Do you think every working American needs a 401(k) account or an IRA? Why or why not?
No links
Need ASAP
Answer:
Both 401(k) accounts and IRAs are retirement savings accounts that allow individuals to save for retirement on a tax-advantaged basis. Contributions to these accounts are tax-deductible, and the earnings on the investments grow tax-free until they are withdrawn during retirement.
There are some benefits to having a 401(k) account or an IRA. They allow individuals to save for retirement in a tax-efficient way, and can provide a significant source of income during retirement. In addition, many employers offer matching contributions to 401(k) accounts, which can be a valuable incentive to participate.
However, there are also some drawbacks to these types of accounts. For example, they are subject to market fluctuations and the investment risk is borne by the individual. In addition, there are limits on how much can be contributed each year, which may not be enough to provide for a comfortable retirement.
Whether or not every working American needs a 401(k) account or an IRA depends on individual circumstances. For some people, these accounts may be a valuable tool for saving for retirement. For others, different types of retirement savings accounts or strategies may be more appropriate. Ultimately, it is up to each individual to determine the best approach for their own retirement planning.
what is the meaning of cheque stub
Answer:
A check stub is the part of a check that is kept by the payee with information such as the check number, date, and amount. ... A check stub is the part of a check that is kept by the payee with information such as the check number, date, and amount.
On Jan. 5, a customer returned merchandise that has been purchased earlier on credit. The original sale was for $500 and the cost to the seller was $150.What is the required journal entry to record the return on the seller books? Assume all merchandise can be resold to another customer.
Answer:
Explanation:
When a sales is made on credit, the primary accounts that are affected are the sales accounts and the accounts receivable , with a credit entry of the sales value to the sales account and the same value in the receivable account. We also need to know that the cost of the item is credited to the inventory and debited to the cost of goods respectively.
However , when the sales is returned , the above entry will be reversed and a reversal entry is recorded as below
Credit account receivable - $500
Debit sales return = $500
Debit merchandise inventory $150
Credit cost of goods $150
The Harris Company purchased equipment for $15,000 on December 1. It is estimated that annual depreciation on the computer will be $3,000. If financial statements are to be prepared on December 31, the company should make the following adjusting entry
The entry will include Depreciation Expenses for $1,750 and Accumulated Depreciation for $1,750
Here, we are to first calculate the Depreciation expenses while observing that the date runs for 1 month (From December 2 - December 31).
The depreciation expense will equals Annual depreciation of computer * 1/12
Depreciation expense = $3,000 * 1/12
Depreciation expense = $250
The adjusting entry will entails:
Date Account titles and explanation Debit Credit
31 Dec Depreciation expenses $250
Accumulated depreciation $250
(Entry to record depreciation expenses)
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Fill in the blank... (business!)
Answer:
Local market conditions or Local environmental conditions.
Explanation:
The answer is - Local market conditions or Local environmental conditions.
Reason -
Decentralized organizational structures often have several individuals responsible for making business decisions and running the business. Decentralized organizations rely on a team environment at different levels in the business. Individuals at each level in the business may have some autonomy to make business decisions.
How does the Fed cause a recession?
It is possible for the economy to enter a recession if the Fed raises rates too rapidly and recession. For both individuals and companies, higher interest rates make the debt more expensive and borrowing more difficult.
The Federal Reserve, sometimes known as the "Fed," is the nation's central bank and is in charge of carrying out monetary policy. The Fed utilizes interest rate setting as one of its instruments to carry out its policy objectives.
Borrowing may become more costly when the Fed raises interest rates, which might slow down economic growth and perhaps trigger a recession. On the other hand, when the Fed reduces interest rates, it may assist to boost the economy and maybe avert a recession.
The Fed's interest rate decisions can have a variety of effects on the economy and even lead to a recession. For instance, if the Fed raises interest rates too rapidly or to an excessive level, it may increase the cost of borrowing for individuals and firms, which may result in a decline in spending and investment.
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Explain why the Lean Organizational Structure is beneficial for businesses aiming to increase their value.
The Lean Organizational Structure is beneficial for businesses aiming to increase their value because it focuses on maximizing efficiency and reducing waste, which ultimately results in improved profitability.
This structure emphasizes a minimalist approach to management and encourages employees to work collaboratively towards achieving shared goals.
One of the main benefits of a Lean Organizational Structure is that it promotes agility and adaptability. With fewer layers of bureaucracy and a focus on cross-functional teams, decisions can be made quickly and effectively. This allows companies to respond to changes in the market or customer needs more rapidly than competitors who may be bogged down by traditional hierarchical structures.
Additionally, the Lean Organizational Structure empowers employees and encourages innovation. By breaking down silos and promoting open communication channels, employees are given more autonomy and are able to contribute ideas for improving processes and products. This not only leads to better outcomes but also fosters a positive company culture where employees feel valued and engaged.
Overall, the Lean Organizational Structure is beneficial for businesses aiming to increase their value because it promotes efficiency, agility, and innovation. By optimizing operations and empowering employees, companies can reduce costs, improve quality, and drive growth.
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I don’t understand this and need help
All financial statements are important, but most managers tend to have one that they look to first. If you were a potential contributor or investor looking at the financial statements of a local regional medical center, which document would you start with? Explain why.
While other financial statements like the Balance Sheet and Cash Flow Statement are important for a comprehensive analysis of the medical center's financial position and cash flow, the Income Statement is a starting point that provides a clear picture of the medical center's revenue, expenses, and profitability.
If I were a potential contributor or investor looking at the financial statements of a local regional medical center, the document I would start with is the Income Statement, also known as the Statement of Operations or Profit and Loss Statement.
The Income Statement provides a summary of the medical center's revenues, expenses, and net income (or loss) over a specific period, typically on an annual or quarterly basis. Here's why I would choose to start with the Income Statement:
1. Overall Financial Performance: The Income Statement gives an immediate snapshot of the medical center's financial performance. It shows whether the medical center is generating a profit or incurring a loss. By looking at the net income (or loss), I can assess the financial health and profitability of the medical center.
2. Revenue Breakdown: The Income Statement breaks down the medical center's revenue sources. This allows me to understand the composition of the revenue streams, such as patient services, insurance reimbursements, government funding, or other sources. Evaluating the revenue mix helps me gauge the diversity and stability of the medical center's income sources.
3. Expense Analysis: The Income Statement provides a breakdown of various expense categories, such as personnel costs, supplies, facility expenses, and administrative costs. Analyzing the expense structure allows me to understand the medical center's cost management and efficiency. It helps identify areas of potential cost reduction or areas where expenditures may be increasing disproportionately.
4. Profitability Ratios: Using the information from the Income Statement, I can calculate key profitability ratios such as gross profit margin and net profit margin. These ratios provide insights into the medical center's ability to generate profits from its operations, allowing me to compare its financial performance with industry benchmarks or similar healthcare organizations.
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what is 2divided by 100
Answer:
0.02
Explanation:
Answer:
0.02 ... hope this helps :)
What is federal income tax?
The federal income tax is a significant deduction from an employee’s ______
pay.
Answer:
The federal income tax is a significant deduction from an employee’s personal
pay.
Explanation:
Nothing make sense
Answer:
I believe its Gross pay
Explanation:
gross pay is what an employee has before taxes
Who has a tw octane on rocket leage?
Answer:
I do :)
Have a great day!
Answer:
me
Explanation:
The repair service that fixes your farming equipment doesn’t seem to fix your plow correctly. The technician says that if you are not happy, you can buy a new plow from him, but the cost is extremely high. Do you have other options available to you for higher-quality repairs or cheaper equipment? Explain your answer.
Answer:
Your best option would be for higher quality repairs and higher quality equipment, this would save you more money and time in the long run where you have the ability to do other things.
Explanation:
Mark as Brainliest please!
Ill give u a cookie
Answer:
No, because in command economies, there is no competition. So, there are no other repair services that would offer higher-quality repairs or cheaper equipment. Additionally, no incentive exists for the technician to provide high-quality service.
Explanation:
the actual answer
Which of these scenarios would lead to an industry requiring more productive workers?
A. Supply of goods increases, and demand for goods decreases
B. Supply of good decreases, and demand for goods increases
C. Supply of goods increases, and demand for goods remains the same
D. Supply of goods decreases,and demand for goods remains the same
Answer:
B- Supply of goods decreases, and demand for goods increases.
Explanation:
I took the quiz
Answer:
Supply of goods decreases, and demand for goods increases.