E3-18 Comparing cash and accrual basis accounting and applying the revenue recognition principle Momentous Occasions is a photography business that shoots videos at college parties. The freshman class pays $1,000 in advance on March 3 to guarantee services for its party to be held on April 2. The sophomore class promises a minimum of $2,800 for filming its formal dance and actually pays cash of $4,100 on February 28 at the dance. Answer the following questions about the correct way to account for revenue under the accrual basis:
a. Considering the $1,000 paid by the freshman class, on what date was revenue recognized? Diod the recognition occur on the same date cash was received?
b. Considering the $4,100 paid by the sophomore class, on what date was revenue recognized'? Did the recognition occur on the same date cash was received?

The year-end book value formula for the computer equipment is given as

Year-End Book Value = Cost of Equipment - Accumulated Depreciation

At the end of the fourth year, the year-end book value will be 0

The year-end book value formula for the computer equipment as

Year-End Book Value = Cost of Equipment - Accumulated Depreciation

To know the accumulated depreciation for each year, use the following formula:

Annual Depreciation = (Cost of Equipment - Salvage Value) / Useful Life

Where the useful life is the estimated number of years the equipment will be used in the business before it is sold or retired.

With 4 years of use, we can calculate the annual depreciation as follows:

Annual Depreciation = ($255,000 - $20,000) / 4

Annual Depreciation = $63,750

Therefore, the year-end book value formula for the computer equipment at the end of each year would be:

Year 1: $255,000 - $63,750 = $191,250

Year 2: $255,000 - ($63,750 x 2) = $127,500

Year 3: $255,000 - ($63,750 x 3) = $63,750

Year 4: $255,000 - ($63,750 x 4) = $0

At the end of the fourth year, the accumulated depreciation will equal the cost of the equipment minus its estimated salvage value, so the year-end book value will be zero.

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Answer:

The National Credit Union Administration

Explanation:

The National Credit Union Administration is an independent federal agency that supports and regulates federal credit unions and their customers in the United States.

Answer:

Please find the complete solution in the attached file.

Explanation:

Development of employee according to competence is not a generic management function during staffing.

y identifying employees' skills and weaknesses, put the right people in the right jobs. to maintain and assess a person's capacity for growth. to provide employees with feedback on their work and pertinent status.

Managing a team is one of a supervisor's most crucial responsibilities. Supervisors frequently organise and lead the team's efforts to finish a task. Supervisors are responsible for setting goals, communicating them, and assessing team performance in which we describe everything.

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Defenition - Team work is to work toghether in a team, and acomplish a goal with s teammate/teammates.

Example - Hey Makayla, you and Aiden did great teamwork for the project !!

Answer:

B

Explanation:

Apex

A business be in violation of a truth-in-advertising law is  By claiming its product is healthy without having any scientific evidence.

Wherever consumers see or hear an advertisement, whether on the Internet, radio, television, or elsewhere, federal law requires it to be accurate, not misleading, and backed up by scientific data where necessary.

Thus, option B is correct.

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Answer:

Mrs. Phillip, a retail buyer for Bloomingdale's, does all the shopping for her family at the same store.

Explanation:

The business market is the market where you can sell your product and services to the other businesses so it can be used as a raw material for the other business in order to manufacture the products. And, the other reason is to purchased the products and resell them.

So based on the given statements, the first option is considered as in the remaining statements there are business transactions but in this only one person i.e. retail buyer is considered

Answer:

A need is something you can live without. a want is something you would like to have. is what you give up when making a financial decision.

Explanation:

The fact that Sara unconditionally offered to perform according to the contract that she entered into with Ted b. constitutes tender of performance.

A Tender of Performance is the requirement that a person ought to do as a result of them being in a contract, or the law ordering them to do so.

Sara performed her side of the contract which means that she performed her tender of performance according to the terms of the contract with Ted.

Options for this question include:
a. conditions Ted's promise to pay for the property.

b. constitutes tender of performance.

c. excuses the parties' performance under the contract.

d. suspends the parties' contractual obligations.

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Answer:

It is cheaper to produce

Explanation:

Cost of producing

Direct materials - 90000

Direct labor - 130000

Variable factory overhead - 60000

Fixed factory overhead - 60000

Total cost - 340000

Cost of buying `10000*36 = 360000

Incremental cost of buying = 360000-340000 = $20,000

It is cheaper to produce at 340000/10000 = $34 /unit

In making a decision whether to buy or manufacture , variable cost and the  avoidable costs are considered relevant for this purpose

The market supply for this good will be 2.

Firms would sell their goods or services as long as the market price is greater or equal to the minimum price they are willing to sell their goods or service.

Thus, Firms w and x would supply their goods because their minimum prices are $6 and $7 respectively. On the other hand, firms Y and Z would not supply their goods because their minimum prices is greater than the market price.

This means that the market supply for the good would be 2.

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Benefits is included in a business case for a project. Hence, option B is correct.

An executive summary, financial data, an analysis, and dangers are all included. Any industry might utilize it for a business case. Before meeting to discuss the project in more detail, sending this concise overview to important stakeholders is a wonderful idea.

For writing a business case, the majority of firms use a standard template. Business cases describe the problem, the idea, its financial impact, and implementation concerns such as risks, opportunities, resource requirements, and measurement methods.

Thus, option B is correct.

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Answer:

PV= $4,114

Explanation:

Giving the following information:

Face value (F)= $10,000

Time to maturity (t)= 15 years

rate (r)= 6.1%

To calculate the present value of the bond, we need to use the following formula:

PV= F / (1+r)^t

F= face value

r= rate

t= time

PV= 10,000 / (1.061^15)

PV= $4,114

Explanation:

2018 industrial average was roughly $26,000 , due to, a falling economy...

The units of production of Adam to reach the full potential of the segment next year depends on its share of the market segment and the total potential market demand.

For instance, if the share of the market segment owned by Adam is 60% with total potential market demand of 20,000 units, the production units should be 12,000 units (20,000 x 60%).

The market share refers to the percentage of an industry or a market's total sales earned by each participating company or brand over the past period.

The market share can be calculated as follows:

Market share = Adam's sales/Total market sales x 100

The market share last year = 60% (6,000/10,000 x 100)

Because sales of Adam = 6,000

And market demand = 10,000

Thus, based on the company's or Adam's market share and the total potential market demand for the coming year, the production unit of Adam can be computed as 12,000 units.

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It is impossible to visit any nearby business of your locality and collect the information to prepare a project work report based on the factors given

A common term for a company  or business organization is "firm". A business is an organization involved in diverse economic endeavors, ranging from the production of goods, provision of services to trading of products.

A company usually has defined legal framework, ownership, and administration, with the main aim of earning profits or attaining specific goals. Companies can vary in their scale, spanning from petite regional enterprises to enormous global conglomerates.

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Answer:

Disagree

Explanation:

The name which is given to the set of steps which Markus Braun to make sure that Wirecard acquires a company is:

This refers to the long term objectives of a company or business which usually requires patient planning and moves which helps to achieve the aims and objectives of the company.

With this in mind, we can see that because Markus Braun is taking careful steps in order to acquire a new company, then this is known as strategic goal.

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As Marshall's manager, I would increase his awareness of the negative impact he is having on his team by providing specific and constructive feedback on his behavior and its consequences. This would involve having open and honest conversations with Marshall, highlighting examples of how his actions are affecting team morale, productivity, and collaboration.

In order to effectively address Marshall's negative impact on his team, it is important to approach the situation with clarity and professionalism. By providing specific examples of incidents where Marshall's behavior has caused harm, I can help him understand the direct consequences of his actions. This feedback should be delivered in a constructive manner, focusing on the behaviors rather than attacking his character.

By emphasizing the impact on team dynamics, performance, and overall work environment, Marshall can begin to see the need for change. Additionally, it would be beneficial to discuss alternative approaches and provide guidance on how he can improve his interactions with the team. Ongoing feedback and support from me as his manager can help Marshall recognize the negative impact he is having and encourage him to take steps towards positive change.

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Answer:

i think its A

Explanation:

The Savings and loans  are  not an example of collaborators. Option B

Collaborators typically refer to individuals, groups, or entities that work together or cooperate on a project, initiative, or business endeavor. They often have some shared goals, interests, or responsibilities. Let's break down the other options to understand how they fit the concept of collaborators:

Public relations companies: These companies help businesses manage their public image and communications. They collaborate with businesses to shape their messaging, handle media relations, and enhance their reputation.

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Although all could potentially act as collaborators, Savings and Loans, being primarily financial institutions, are less commonly associated with the role of collaborators.

In the context of business and organizational collaboration, the options provided - Public relations companies, Customers, Savings and loans, and Marketing research firms, all can be considered as potential collaborators. However, if we focus on the most traditional definition, savings and loans, which generally refers to specific financial institutions, might be less associated with the role of collaborators in a standard business scenario. Unlike public relations companies, customers, and marketing research firms, savings and loans are primarily engaged in the sphere of financial transactions rather than collaborations for business strategy or product/service development.

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Annual Limits $300 for any single energy property item. $150 for any qualified natural gas, propane, or oil furnace and hot water boiler. $50 for any advanced main air circulating fans. $1,200 for the entire credit for most taxpayers.

A taxpayer is an individual or entity that is required to pay taxes. In the United States, individuals and businesses may be taxpayers. Taxpayers are typically required to pay taxes to the government on income, sales, and property. The amount of tax that a taxpayer is required to pay is generally based on their income or the value of their property.

Therefore, the correct answer is as given above

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The price of the investors can expect the stock to be sold at the end of the year is $109.

The price of the investors can expect the stock to be sold at the end of the year can be determined using this formula:

Stock price = d1 / (r - g)

d1 = next dividend to be paid = $9

r = cost of equity

g = dividend growth rate

The cost of equity would be determined using the capital asset pricing model:

Risk free rate + beta(market rate of return - risk free rate)

8% + 1(18% - 8%) = 18%

The dividend growth rate can be determined using this equation:

100 = $9 /  ( 18% - g)

g = 9%

Stock price = $9(1 + 0.9)  / (0.18 - 0.09)  

9.81 / 0.09 = $109

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Marketers need to focus on creating value for their customers. The Option D.

Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.

By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.

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A fixed exchange rate is a type of exchange rate regime in which the government or central bank ties the official exchange rate to another country's currency or the price of gold.

The official exchange rate is fixed by the government or central bank, and it is kept constant. The government or central bank must be prepared to buy or sell its currency at the official exchange rate in order to keep it fixed. A flexible exchange rate, on the other hand, is a type of exchange rate regime in which the value of a currency is determined by supply and demand on the foreign exchange market.

Advantages of Fixed Exchange Rate:

Stable exchange rates are beneficial for businesses that require currency predictability. The central bank may employ monetary policy tools more effectively, resulting in lower inflation rates. It is less likely that a currency crisis would occur.

Disadvantages of Fixed Exchange Rate:

It limits a country's monetary policy independence because it must have sufficient foreign currency reserves to maintain the fixed rate. The country's economy may be hurt if the fixed exchange rate is too high.

Advantages of Flexible Exchange Rate:

A flexible exchange rate enables a country to adjust to changes in economic circumstances such as inflation, international competitiveness, and other economic conditions. It allows a nation to conduct an independent monetary policy.

Disadvantages of Flexible Exchange Rate:

Price stability may be difficult to achieve because the exchange rate is more volatile. Businesses may find it more challenging to plan for the future because of the unpredictability of exchange rates.

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True. Even if a business's main goal is to maximize profits for its shareholders, there are occasions when ethical or strategic considerations trump the financial one, forcing management to forgo deals with good net present values.

The company's top priority is consistently increasing shareholder wealth, which produces earnings to increase the dividends paid on each ordinary share. A sign of greater shareholder wealth is the higher price of shares traded on the stock market.

A corporation's desire to increase profits for the benefit of its stockholders is not always morally good. For some businesses, a commitment to morality is insufficient to boost earnings. For tiny enterprises or organizations that are dealing with particular issues, ethics is insufficient.

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We don't have 7447A IC  

We have to use memory to show the display.

Put flip-flops' D' before each lead. and give its output to LED and inputs as  

                        a

                   f |      | b

                   e |  9  | c

                         d

Each LED should give to D-flip flop when D Flip Flop's value high LED will Glow otherwise it will be off.

An enterprise combination is described as a transaction or another occasion wherein an acquirer (an investor entity) obtains control of one or extra organizations. An entity's buy of a controlling hobby in every other unrelated operating entity will usually be a commercial enterprise combination.

An instance of a business mixture is if one employer purchases every other corporation. the acquisition price will be the truthful cost of the consideration given to the seller. this may be in the form of cash, assets, or equity pastimes.

Commercial enterprise combinations are a not unusual manner for businesses to grow in size, in place of developing through natural (internal) activities. mixtures may be used to swiftly gather market proportion, fill out product traces, and gain gets entry into new markets.

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Answer:

A. citizens tend to have greater confidence in the economy.

Explanation:

When a nation's standards of financial reporting are transparent and effective, by extension, the citizens tend to have greater confidence in the economy.

This is because when the government are transparent about the financial affairs of the nation, the citizens are confident in the economy

It is correct to state that some areas for the application of quantitative techniques include finance, economics, marketing, operations research, and data analysis.

Quantitative approaches are those that offer decision-makers a systematic and powerful means of analysis based on quantitative data. It is a scientific approach used by management to solve problems and make decisions.

The process of gathering and interpreting numerical data is known as quantitative research. It may be used to discover patterns and averages, make predictions, verify causal linkages, and generalize results to larger groups.

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