Answer:
Notes receivable 605,000 Discount on notes receivable 105,000 Sales revenue 500,000
Explanation:
The Journal entry are as follow:
Notes receivable Dr, 605,000
To Discount on notes receivable $105,000
To Sales revenue $500,000
(Being notes receivable is recorded)
Therefore here we debited the Note receivable and sales revenue will be paid at the time of issuing sales statements. If notes interest free then the excess amount will be credited on the receivable note and adjusted monthly to interest income.
Question 1: Ron Knuckle set up a business selling keep fit equipment, trading under the name of Buy Your Biceps Shop. He put $7.000 of his own money into a business bank account (transaction A) and in his first period of trading, the following transactions occurred. Transactions:
B: Paid rent of shop for the period: $3.500.
C: Purchased equipment (inventories) on credit: $5.000.
D: Raised loan from bank: $1.000.
E: Purchase of shop fittings (for cash): $2.000.
F: Sales of equipment cash: $10.000.
G: Sales of equipment, on credit: $2.500.
H: Payments for trade accounts payable: $5.000.
I: Payments from trade accounts receivable: $2.500.
J: Interest on loan (paid): $100.
Required: Identify the debit, the credit entries and the amount in the above transactions
Answer:
Explanation: YOU WOULD GET 300,000
If General Motors divided its passenger vehicle, commercial truck, financing, and
aftermarket parts product lines into four self-contained operations under the GM
corporate structure, each of these would be considered a(n)
Each unit is a division. A divisional structure can be market-based, product/service-based, or geographic.
The purpose of the divisional structure is to ensure that each unit operates efficiently and profitably.Control goes to the divisional heads, who are accountable for achieving divisional outcomes set by the corporate headquarters.
One feature of a divisional structure is that each division is well-equipped with corporate resources to achieve its objectives.
Thus, General Motors' corporate structure, in this instance, is considered a divisional organizational structure.
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$50 an hour is a
A salary
B commission
C wage
D pension
Answer: C.) Wage
Explanation: A salary is a set cost that is due to you over an agreed amount of time. A commission is a percentage that you get from the original cost. A wage is the income one makes daily, or per hour. A pension is the gradual amount of money being added up during the years one works. Therefore, $50 an hour is a wage.
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which trends are reshaping
the business, microeconomic and
microeconomic environments and
Competitive arena?
The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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Cold Goose Metal Works Inc. just reported earnings after tax (also called net income) of $9,000,000 and a current stock price of $34.00 per share. The company is forecasting an increase of 25% for its after-tax income next year, but it also expects it will have to issue 2,500,000 new shares of stock (raising its shares outstanding from 5,500,000 to 8,000,000).
If Cold Goose’s forecast turns out to be correct and its price/earnings (P/E) ratio does not change, what does the company’s management expect its stock price to be one year from now? (Round any P/E ratio calculation to four decimal places.)
One year later, Cold Goose’s shares are trading at $48.36 per share, and the company reports the value of its total common equity as $46,768,000. Given this information, Cold Goose’s market-to-book (M/B) ratio is _____?
Can a company’s shares exhibit a negative P/E ratio?
Which of the following statements is true about market value ratios?
1. Low P/E ratios could mean that the company has a great deal of uncertainty in its future earnings.
2. High P/E ratios could mean that the company has a great deal of uncertainty in its future earnings.
Answer:
1. $29.19
2. 8.27
3. Yes
4. The Companies with high research and development (R&D) expenses tend to have high P/E Ratios is the statement that is TRUE
Explanation:
1. Calculation for what the company’s management expect its stock price to be one year from now
First step is to calculate for the Current situation using this formula
Earnings per Share = Net Income / Shares Outstanding
Let plug in the formula
Current Earnings per Share = 9,000,000 / 5,500,000
Current Earnings per Share = $1.63
Second is to calculate for the Current P/E
Current P/E Ratio = 34 per share / 1.63
Current P/E Ratio = 20.85 times
Third step is to calculate for the Proposed Situation:
Proposed Net Income = $9,000,000 * 1.25
Proposed Net Income = $11,250,000
Fourth step is to calculate for the Proposed Earnings per Share
Proposed Earnings per Share = $11,250,000 / 8,000,000
Proposed Earnings per Share = $1.40
Last step is to find the P/E Ratio using this formula
P/E Ratio = Price per Share / Earnings per Share
Let plug in the formula
20.85 = Price per Share / 1.40
Price per Share =$20.85×$1.40
Price per Share= $29.19
Therefore what the company’s management expect its stock price to be one year from now will be $29.19
2. Calculation for Cold Goose’s market-to-book (M/B) ratio
Using this formula
Market to Book Ratio (M/B) = Market Value / Book Value
First step is to find the Market value
Market Value = $48.36 per share× 8,000,000
Market Value = $386,880,000
Second step is to calculate for the Market to Book Ratio (M/B) using this formula
Market to Book Ratio (M/B) = Market Value / Book Value
Let plug in the formula
Market to Book Ratio (M/B) = $386,880,000 / $46,768,000
Market to Book Ratio (M/B) = 8.27
Therefore Cold Goose’s market-to-book (M/B) ratio is 8.27
3. Yes a company’s shares can exhibit a negative P/E ratio in a situation where the Company incur a net loss.
4. The statements that is TRUE about market value ratios is :
The Companies with high research and development (R&D) expenses tend to have high P/E Ratios.
calculate discretionary income
In the context of the Income-Contingent Repayment Plan, discretionary income is defined as the difference between your annual income and the poverty line for your family size and state of residence.
The US Department of Health and Human Services maintains the poverty guidelines. Discretionary income is the portion of an individual's income that remains after taxes and the payment of personal necessities such as food, shelter, and clothing. Money spent on luxury items, vacations, and non-essential goods and services is included in discretionary income. Discretionary income is the money you have left over after paying your taxes and living expenses.
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In "Do Not Go Gentle into That Good Night”, the speaker emphasizes that older men should fight fiercely against death. The setting is the time when the father of the speaker was approaching his death.
The conflict of the poem surrounds the end of life and the resistance to death. In the poem, Thomas began with the second-person point of view.
In "The Charge of the Light Brigade", is a poem about a failed military action that involved British light calvary. The setting was during the Crimean war. The theme is about bravery, duty, and sacrifice.lolllllllllllllllllll
The theme of the poem is about the Bravery of the military unit .hence choice 1 is correct.
What is the summary of The Charge of the Light Brigade?An emotional poem, The Charge of the Light Brigade, both honors and mourns the battle's action. The concept of the valiant and gallant British soldier—one whose moral obligation was to fight for justice—emerged during the Crimean War.
Tennyson honors a military unit's bravery for charging the enemy despite insurmountable odds: they are "six hundred" against an "army."
Hence the appropriate answer is Bravery.
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The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 12,500 13,500 15,500 14,500 The selling price of the company’s product is $24 per unit. Management expects to collect 75% of sales in the quarter in which the sales are made, 20% in the following quarter, and 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $73,200. The company expects to start the first quarter with 2,500 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter’s budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2,700 units. Required: 1. Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. 2. Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. 3. Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole.
Answer:
Jessi Corporation
1st 2nd 3rd 4th
Quarter Quarter Quarter Quarter Total
1. Sales $300,000 $324,000 $372,000 $348,000 $1,344,000
2. Expected cash
collections $298,200 $303,000 $343,800 $335,400 $1,280,400
3. Units to be
produced 12,700 13,900 15,300 14,100 56,200
Explanation:
a) Data and Calculations:
1st 2nd 3rd 4th
Quarter Quarter Quarter Quarter Total
Estimated unit sales 12,500 13,500 15,500 14,500 56,000
Ending Inventory 2,700 3,100 2,900 2,700 2,700
Units available for sale 15,200 16,600 18,400 17,200 58,700
Beginning Inventory 2,500 2,700 3,100 3,100 2,500
Units to be produced 12,700 13,900 15,300 14,100 56,200
Selling price = $24 per unit
Credit Sales $300,000 $324,000 $372,000 $348,000 $1,344,000
Cash Collection:
75% in quarter $225,000 $243,000 $279,000 $261,000 $1,008,000
20% ffg quarter 73,200 60,000 64,800 74,400 272,400
Total collection $298,200 $303,000 $343,800 $335,400 $1,280,400
Dr. Elizabeth Brennan
Answer:
A graduate of the University of Maryland School of Medicine, Dr. Brennan completed her pediatric residency at the Children's Hospital at Sinai in Baltimore, ...
Explanation:
Which Airlines lounges are the best ?
Answer:
Air France La Première Lounge, Paris is the first best Airline lounge in the World.
Explanation:
The Air France La Première Lounge gives its customer one of the fashionable flying experiences in the world, as it includes freshening up the cozy cocktail bar to be brighter and more inviting, adding semi-private relaxation areas and installing new pieces of art.
In addition to having one of the best first class inflight experiences available, Air France also provides an outstanding ground experience in Paris. Best food is also offered at the restaurant there.
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If there was a national disaster that prevented holding a national election, would the sitting president continue in office, and if not, who would become president and when? Cite the Article and Section, or Amendment to the Constitution upon which you base your argument.
No! If there was a national disaster that prevented holding a national election, the sitting president would not continue in office, and if so, the Speaker of the House would serve as Acting President under the current succession law. The Constitution requires that a group of electors, commonly called the Electoral College, chooses the next president. If a majority of electors fails to agree on a winner, Congress picks the winner in continent elections held within Congress under the terms of the 12th Amendment.
Hence, If there was a national disaster that prevented holding a national election, the sitting president would not continue in office. There would be no Electoral College but the speaker takes over as acting president.
When there is no clear winner of the presidential election on January 20, the Speaker of the House would serve as Acting President under the current succession law. The 20th Amendment requires that the duly elected president and vice president assume their positions at some point. “Congress may by law provide for the case wherein neither a President elect nor a Vice President shall have qualified, declaring who shall then act as President, or the manner in which one who is to act shall be selected, and such person shall act accordingly until a President or Vice President shall have qualified.”
What is an Electoral College?An electoral college is a set of electors who are selected to elect a candidate to particular offices. Often these represent different organizations, political parties or entities, with each organization, political party or entity represented by a particular number of electors or with votes weighted in a particular way.
Therefore, the correct answer is as given above
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What are the three types of inherent value money can have?
A. Regulated, market, and face.
B. Intrinsic, market, and commodity.
.C. Intrinsic, market, and face.
D. Face, intrinsic, and commodity.
The three types of inherent value money can have are Intrinsic, market, and face. Option C
What is inherent value money about?Cash has an asset's value is determined by its intrinsic value. Instead of using the asset's actual market price, this metric is calculated objectively or through the use of a sophisticated financial model.
Other than its current exchange value for goods and services, it has no worth. Something is valuable in and of itself when it has inherent worth. A thing with intrinsic value is a goal in and of itself.
Hence, the value an entity has for what it is, as a goal, or in and of itself is known as intrinsic value.
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A bank offers 10.00% on savings accounts. What is the effective annual rate if interest is compounded continuously?
The effective annual rate if interest is compounded continuously equals to 10.52%.
What is an effective annual rate?This interest rate refers to the return on an investment or the rate owed in interest on a loan when the compounding periods is taken into account. The effective annual rate is equal to the nominal rate only if the compounding is done annually. So, when the number of compounding periods increase, the effective annual rate increases.
As we are looking for continuous compounding formula, the effective annual rate is as follows:
EAR = e^i – 1
Given data
A bank offers 10.00% on savings accounts.
EAR = e^(0.10) - 1
EAR = 1.10517091808 - 1
EAR = 0.10517091808
EAR = 10.52%
Therefore, the effective annual rate if interest is compounded continuously equals to 10.52%.
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How can life expectancy and literacy rates affect the quality of labor in the economy?
Comparing health insurance policies. Use Worksheet 9.1. Lexi Thomas, a recent college graduate, has decided to accept a job offer from a nonprofit organization. She’ll earn $44,000 a year but will receive no employee health benefits. Lexi estimates that her monthly living expenses will be about $2,000 a month, including rent, food, transportation, and clothing. She has no health problems and expects to remain in good health in the near future.
Using the Internet or other resources, gather information about three health insurance policies that Lexi could purchase on her own. Include at least one HMO. Use Worksheet 9.1 to compare the policies’ features. Should Lexi buy health insurance? Why or why not? Assuming that she does decide to purchase health insurance, which of the three policies would you recommend and why?
Answer:
um can you egsplain that a bit beter please and then i might be able to help
Explanation:
⦁ Give me an example of how you have demonstrated safe work practices.
An example of safe work practices is cleaning and maintaining equipment and tools.
Safe work procedures are instructions on how to execute work in a safe manner and are essential for all hazardous jobs performed at your business. They identify dangers and explain what has to be done to remove or reduce risks.
Cleaning and maintaining equipment and tools properly can help to avoid accidents and injuries, as well as costly repairs. One method is to keep a cleaning and maintenance routine. Make a record of all equipment in use, noting important areas that require inspection.
Therefore, maintenance of equipment is how we can demonstrate safe work practices.
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Equipment and tool maintenance and cleaning are two examples of safe work practices.
All hazardous operations carried out at your company must follow safe work procedures, which are guidelines for how to carry out work in a safe manner. They point out risks and describe what has to be done to eliminate or lessen them.
Proper equipment and tool maintenance can reduce the risk of accidents, injuries, and expensive repairs. Maintaining a cleaning and maintenance schedule is one strategy. Make a list of all the equipment that is in use, noting any crucial locations that need inspection.
As a result, maintaining the equipment is how we can show safe working practices.
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Which of the following problems are likely to be encountered in distribution?
i) Spoilage of goods
ii) Inadequate warehousing
iii) Ineffective communication
Why would police file an affidavit of probable cause before a person is
arrested?
O A. To obtain an information
B. To be allowed to read Miranda rights
C. To obtain a search warrant
O D. To schedule an arraignment
SUBMIT
Answer:
A
Explanation:
they have to know what the person is being arrested for
A plant asset cost ₤320,000 and is estimated to have a ₤40,000 residual value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be?
Depreciation is the process of allocating the price of a plant asset to expense in the accounting periods benefiting from its use.
How is the whole depreciation of a plant asset calculated?Determine the value of the asset. Subtract the estimated salvage price of the asset from the cost of the asset to get the whole depreciable amount. Determine the beneficial lifestyles of the asset. Divide the sum of step (2) by using the wide variety arrived at in step (3) to get the annual depreciation amount.
Depreciation is the technique of allocating to expense the cost of a plant asset over its beneficial (service) existence in a rational and systematic manner. Such cost allocation is designed to desirable in shape prices with revenues.
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https://brainly.com/question/28108679#SPJ1What might some of the implications of this demographic trend be for a) pharmaceutical companies, b) the home construction industry?
The implications of demographic trend are age, sleep and food habits; nutrition; physical activity; emotional well-being; physical disability; cultural variables; life events; social support; financial resources.
What is Demographic Trend?A common word describing any detectable change in a population's features over time, such as increasing or reduced concentration of a certain ethnic group, sex ratio, and so on is called as Demographic Trend.
Demographic shift can have an impact on the economy's underlying growth rate, structural productivity growth, living standards, savings rates, consumption, and investment.
Declining birth and mortality rates can have contrasting effects on the pharmaceutical and house construction industries.
Age, sleep and dietary habits; nutrition; physical activity; mental well-being; physical impairment; cultural variables; life events; social support; financial resources are all linked to aging.
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Over the last three years, Christmas tree prices have increased from an average of $35 per tree to over $75 per tree. How would a Christmas tree farm and the overall industry respond to the price change under the following circumstances
The Christmas tree farm would respond by:
In the short run, producers are going to earn profits and also increase their supply of the product.This is what usually happens whenever there is an increase in the prices of goods in the supply side of the market.
As the prices would go up, the producers would want to take advantage of the increases to make as much gain as they can from the market.
This is only short term profit. Therefore the supply is going to be inelastic. The demand is only going to available for a short while.
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operations management course concept
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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If a firm has a sales price per unit of $6.00, a variable cost per unit of $4.00, and a break-even point of 40,000 units, fixed costs are equal to
Answer:
$80,000
Explanation:
From marginal analysis concepts, the break-even point is determined using the formula.
Break-even in units = fixed cost / contribution margin per unit
For this firm,
break -even = 40,000 units
Contribution margin per unit = selling price - variable costs
=$6 - $4 =$2
Therefore:
40,000 = fixed costs/ $2
Fixed costs = $40,000 x 2
Fixed costs = $80,000
The difference between public sector and private is that public sector usually have the purpose of protecting the good of the public. private sector on the other hand is owned by private individuals instead of the government.
The difference between the public sector and the private sector is that the private sector is owned by private individuals while the public is owned by the government on behalf of the people so this is TRUE.
How are the public and private sector different?The public sector refers to industries and companies that are owned by the government of a nation on behalf of the people of that nation. This is to ensure that the public good is protected.
The private sector on the other hand is owned by private individuals who act in such a way that they make profits and take those profits instead of the nation.
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Question 9.6 Accounts Receivable:
In accounts receivable, (a) A credit sale is increases the assets & Net income, no effect on the liabilities and Shareholder's equity.
What do you mean by accounts receivable?Customers' debts for goods or services they have received but haven't yet paid for are referred to as accounts receivable.
Receivables are people or businesses' legal claims to money from sales transactions.
A due date is given to the debtor (the debtor) by the business or person acting as a creditor in order for them to be able to collect their rights and pay the debt.
According to what the parties have agreed upon, the applicable repayment date is altered.
Here,
In the financial statement elements:
I = increases;
D = decreases;
NE = no effect.
Therefore, the data should be evaluated as:
Particulars Assets liabilities Shareholder's Net
equity Income
(a) A credit sale I NE NE I
(b) Collection of a
portion of accounts
receivable D NE NE NE
(c) Estimate of bad
debts NE I NE D
(d) Write-off a specific
uncollectible account NE D NE I
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The complete question is attached:
How should you respond to an interviewer during an interview?
Answer:
you must always remain professional, speak properly and wear proper attire. Respond clearly and politely. it is also important to always keep composure. once your interview has started you will begin to develop a feel of how you should act by mirroring the interviewer.
When you are doing an interview, you will respond by making eye contact and greeting the interviewer with a solid handshake.
Tell the truth as positively as possible, and avoid discussing things or situations in a bad light. Longer responses are less effective than shorter ones and tend to make interviewers suspicious.
The interview greeting is critical to your success since it gives the interviewer a favorable first impression.
Therefore, it is critical, as in many cultures, to respond appropriately to the welcome.
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Account no. Account Description
101 Cash at bank
102 Accounts receivable
110 Office supplies
120 Office equipment and furniture
130 Motor vehicles (s)
201 Accounts payable
210 Bank loan
301 Share capital
401 Revenue
510 Rent expense
520 Electricity expense
530 Advertising expense (s)
540 Bank charges (s)
550 Interest expense (s)
560 Wages expense
Prepare journal entries for the following
30/03-Entered into a contract for delivery of electric vehicle, at a cost of $20000 which is to be used for the business. The vehicle will be delivered in 2 weeks’ time. No cash payments have yet been made in relation to the contract.
30/3-Invoice received from the local nurseries association for advertising of $1,300. The invoice was paid by transfer from the business bank account
A bank Account Description is a type of financial account that is kept by a bank or other financial organisation and is used to record financial transactions between the bank and its clients.
What are the steps to opening a bank account?To open an account, you must select a bank and give that bank the required documentation, such as identity and proof of address. Typically, in order to qualify, you must be at least 18 years old. To avoid fees, you may also need to fill the account or maintain a minimum level.
What is the account no?When you open a bank account, you are given a specific set of digits called a bank account number. Such numbers will be assigned by financial organisations to every account you have.
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60 points
Include the following:: The name of the career Some information you learned from research Education a person needs to get this type of job Skills a person needs to get this type of job How people in this job use technology
pls help i will give branlyist
Human job talent is being devoured by machines. And it's not only about low-skilled, repetitive work. Recent studies have shown that automation, robotics, algorithms, and artificial intelligence (AI) .
What is Artificial Intelligence (AI) ?Artificial Intelligence (AI) can perform tasks as well as or sometimes even better than people, including those performed by dermatologists, insurance claims adjusters, lawyers, seismic testers in oil fields, financial and sports journalists, crew members of guided-missile destroyers, hiring managers, psychologists, retail salespeople, and border patrol agents.
Additionally, there is growing concern that upcoming technological advancements will eliminate the jobs of millions of people who operate automobiles, analyze medical tests and data, carry out middle management duties, dispense medication, trade stocks and assess markets, engage in combat on battlefields, carry out governmental duties, and even replace those who program software.
Numerous studies have shown that as programmed devices, many of which are smart, autonomous systems, increasingly permeate the workplace, a huge number of employment are at risk.
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____involves relying on one's
authority position or stressing that a
request is in accordance with
organizational policies or rules.
Select one:
a. Consultation
b. Legitimacy
c. Exchange
d. Rational persuasion
= Legitimacy
Explanation:
legitimacy involves relying on one's
authority position or stressing that a
request is in accordance with
organizational policies or rules.