fx 11 Ahmed started the business with $40,000 A B C D E F 1) Ahmed started the business with $40,000 2) Ahmed has made some purchases worth of 3000 3) Ahmed made some withdrawls from the business worth of 3000 4) Ahmed made sales worth of $500 for which he has not received the payment yet 5) Ahmed bought the car for business use worth of 20,000 6) Ahmed received the payment from the Accounts revievable for the transaction done in 3. - B 9 0 1 12 13 14 15

Answers

Answer 1

He also withdrew $3,000 from the business.In addition, Ahmed sold some goods worth $500 but did not receive the payment yet. Moreover, he bought a car for business use, which is worth $20,000. Finally, he received the payment from the accounts receivable for the transaction he did in 3.The transactions stated above show how the business is growing, and how it may bring profit to Ahmed.

Ahmed began a business with $40,000. Within some time, he made several transactions, such as purchases, withdrawals, sales, and car purchase for business use. In this answer, I will provide an overview of all of these transactions and how they impacted Ahmed's business.Let's look at the transactions that Ahmed made:- Ahmed started the business with $40,000.- Ahmed purchased goods worth $3,000.- Ahmed made withdrawals from the business worth $3,000.- Ahmed made sales worth $500, but he has not yet received the payment for them.- Ahmed bought a car for business use, which is worth $20,000.- Ahmed received the payment from the accounts receivable for the transaction done in 3.From the above transactions, we can conclude that Ahmed started the business with $40,000. Later on, he made some purchases, which cost him $3,000. He also withdrew $3,000 from the business.In addition, Ahmed sold some goods worth $500 but did not receive the payment yet. Moreover, he bought a car for business use, which is worth $20,000. Finally, he received the payment from the accounts receivable for the transaction he did in 3.The transactions stated above show how the business is growing, and how it may bring profit to Ahmed.

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Related Questions

If partnership profits for the year equalled 66,000, indicate the allocation between the partners under the following independent profit sharing allocation conditions.
1. interest of 10% is allocated on weighted average capital balance and the remainder is divided equally.
2. Salary of $9,000 will be allocated to Jeff, 10% interest on ending capital is allocated to partners, remainder is divided 60/40 to Matt and Jeff.

Answers

1. Interest of 10% is allocated on weighted average capital balance and the remainder is divided equally.

Using the partnership profits of $66,000, allocate the interests as follows:

Firstly, find the weighted average capital balance, then allocate 10% interest of the weighted average capital balance, and allocate the remainder equally among the partners.

Partner Weighted average Capital Balance Interest (10%) Remainder Total

Jeff $35,000.00 $3,500.00 $11,750.00 $15,250.00

Matt $20,000.00 $2,000.00 $11,750.00 $13,750.00

Note: The weighted average capital balance is calculated as follows;

Jeff (1/2 year x $40,000) + (1/2 year x $30,000) = $35,000.

Matt (1/2 year x $10,000) + (1/2 year x $30,000) = $20,000.

2. Salary of $9,000 will be allocated to Jeff, 10% interest on ending capital is allocated to partners, remainder is divided 60/40 to Matt and Jeff.

Allocate the partnership profits of $66,000 as follows;

Salary of Jeff = $9,000

Remaining profits = $57,000

Calculate interest on ending capital 10%

Interest = Ending capital x 10%

Jeff = $30,000 x 10% = $3,000

Matt = $20,000 x 10% = $2,000

The total amount allocated for salaries and interests = $9,000 + $3,000 + $2,000 = $14,000

The remainder is divided 60/40 to Matt and Jeff

Jeff = $14,000 x 60% = $8,400

Matt = $14,000 x 40% = $5,600

Therefore, the allocation for the partnership profits for the year for the two given scenarios are shown below;

1. Interest of 10% is allocated on weighted average capital balance and the remainder is divided equally.

Partner Total

Jeff $15,250.00

Matt $13,750.00

2. Salary of $9,000 will be allocated to Jeff, 10% interest on ending capital is allocated to partners, remainder is divided 60/40 to Matt and Jeff.

Partner Total

Jeff $17,400.00

Matt $11,600.00

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What steps will add slicers to a pivottable? use the drop-down menu to complete the steps. select the pivottable. click the pivottable tools tab. in the group, click . in the insert slicer dialog box, select the fields to create slicers for. click ok.

Answers

A step that will add slicers to a PivotTable is to select the PivotTable and click the PivotTable Tools options tab.

The use of a PivotTable.

In Microsoft Excel, users can make use of various database tools to input and display a complete row of information within a specific range or table without scroll having to horizontally. Some examples of these database tools are:

Excel TablesPivotTables

The steps which can be used by end users to add slicers to a PivotTable include the following:

Select the PivotTable.Click the PivotTable Tools options tab.In the filter group, click insert slicer in the dialog box, select the fields to create slicers for.Click OK.

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Answer: The Correct Answer is B Click the Filter button in the Sort & Filter group.

Explanation: EDG2023

Question 13 of 20
Which of the following most accurately describes the meaning of "human
resources"?
A. People who add value to a business and get tasks done
B. People who are skilled at using business tools
O c. People who succeed in business after initial failure
D. People who start businesses and then sell them

Answers

Answer:

The answer is (A)

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Which of the following are reasons a government would get involved in an economy? Select all that apply.

Answers

Answer:

All options apply

Explanation:

The government engages in economic activities as a regular and a provider of public goods and services. Public goods and services refer to products available for consumption by all members of society. They are offered by the government and financed through taxes. Public goods and services are offered for free or at a small fee.

Consumption of public goods do not deplete the quantity available for others to consumes. Examples of public goods and services include education, medical care, roads, bridges, policing, national security, and international relations.

Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position? O A. O B. O C. O D. high school diploma associate degree in performing arts bachelor's degree in art history doctorate in computer sciences

Answers

The best education for Matt to attain the position of curator at a large national museum is an Option C. bachelor's degree in art history.

A curator is a person who is in charge of the collection and display of artifacts in a museum. Curators are responsible for organizing exhibits, acquiring new collections, and keeping the existing ones in good shape, among other duties. The work of a curator demands a high degree of knowledge of the materials they handle, in addition to organizational skills and the ability to engage with the public.

Curators must typically hold a bachelor's degree in a field related to the collection they oversee. Art history, anthropology, or archaeology are popular majors for curators. Additionally, they should have experience in their particular field of expertise. Furthermore, many museums will require their curators to have a Master's degree or Ph.D. in their field or a related one. These degrees are obtained in specialized postgraduate degree programs, and they demonstrate a deeper understanding of the subject matter and a commitment to the field.

The education for Matt to attain this position would be a bachelor's degree in art history. Art history is the study of visual art throughout history. It is an academic discipline that combines cultural and historical perspectives to examine and understand visual art. In this field, you will learn about artists and their works, styles and movements, and the cultural contexts that surrounded them. This knowledge is critical to the work of curating art collections, and it will enable Matt to be efficient in his job. Therefore, the correct option is C.

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Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position?

A. high school diploma

B. associate degree in performing arts

C. bachelor's degree in art history

D. doctorate in computer sciences

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how might the federal reserve respond to an overheated economy

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When the economy becomes overheated, the Federal Reserve may respond in a variety of ways. Let's take a look at how the Federal Reserve might respond in this situation.

The Federal Reserve, commonly known as the Fed, is responsible for regulating the country's monetary policy. Its goal is to maintain price stability and promote economic growth by controlling interest rates and the money supply.

When the economy becomes overheated, it means that economic activity is increasing at a rate that is too fast and unsustainable, leading to inflation. In such a scenario, the Federal Reserve may respond by increasing interest rates.

If the Federal Reserve thinks that the economy is expanding too quickly, they can increase the interest rate. This makes borrowing more expensive and reduces the amount of money in circulation. This reduces spending and slows down the economy, which reduces the risk of inflation.

Therefore, if the economy becomes overheated, the Federal Reserve might respond by increasing interest rates, thereby reducing the amount of money in circulation and slowing down economic growth.

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his lesson starts on time (change into negative)

Answers

Answer:

His lesson started late

Explanation:

it’s changes intopositive

1. How does the rule of 78 work?

2. If you have a 24-month loan that is paid in full with 10 months remaining, using the Rule of 78, would you expect a refund? Why or why not?

3. Give a specific example about how you would calculate a refund using the Rule of 78

I have tried everything and I can’t figure this out and my grade is going down please help!

Answers

Answer:

1- The Rule of 78 is a method used by some lenders to calculate interest charges on a loan.

2- the Rule of 78 Loan, you would have paid $391.50 of interest after 12 months. 5k or 10k

3- use the rule of 78 to calculate an interest refund, and some states prohibit its use altogether.

Explanation:

What do pilots do on a daily basis? What kinds of skills and knowledge does a pilot need to have? Do you think you would want the job of pilot? Why or why not?

NO LINKS I WILL REPORT!! 15 POINTS PLEASE ANSWER QUICKLY!!!

Answers

dude yes i keep on getting links too

13. Ceteris paribus, a decrease in the demand for loanable funds A. drives the interest rate down.
B. drives the interest rate up.
C. might not have any effect on interest rates.
D. results from an increase in business prospects and a decrease in the level of savings. E. results from an

Answers

Interest rates are always lowered when demand falls, regardless of the circumstances. The demand for funds would rise if business prospects improved. The savings rate influences the finances rather than the sales for them. As a result, option (A) is the best choice.

How much variables contribute to a decrease in the source of loanable funds?

When consumers start spending more, they put less money in the bank. This results in fewer depositors and reserves that the government can lend out, reducing the availability of loanable funds.

What effect can the ceteris paribus assertion have on a demand curve?

Because it considers elasticity, the ceteris paribus assertion has an impact on a quantity demanded. If the price of an item rises whereas all other factors remain constant, the demand for it will fall.

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How would you ensure products being put out onto the shop floor are of good quality?

Answers

Answer:

1.Train Employees

2.Let technology help the process to shop more efficient and better at quality control

3.Upgrade Equipment

4...Keep Your Shop Floor Clean

Explanation:

hope this is helpful

which account is prepared before balance sheet ?

Answers

Answer:

Balance sheet is prepared after ascertaining net profit and net loss from profit and loss account. It is the summary of the personal account and real accounts having debit and credit balances.

Type the correct answer in the box. Spell all words correctly.
Ideally, what should more than one member of the family contribute to for a better financial position?
A family can have more than one person contributing to the household _______
for a better financial position.

Answers

A family can have more than one person contributing to the household income for a better financial position.

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the statement which best describes the relationship between the premiums of a whole life policy and the premium payment period is

Answers

The premiums of a whole-life policy are typically higher for shorter premium payment periods.

The premium payment period of a whole life insurance policy refers to the duration over which the premiums are paid by the policyholder. Generally, whole-life policies offer the option of selecting different premium payment periods, such as paying premiums for the entire life or for a limited period like 10, 20, or 30 years.

The relationship between the premiums and the payment period is that shorter premium payment periods result in higher premium amounts. This is because the insurance company needs to collect higher premiums within a shorter time frame to cover the lifetime coverage provided by the policy. On the other hand, longer premium payment periods allow for the premiums to be spread out over a more extended period, resulting in lower premium amounts.

Therefore, individuals opting for shorter premium payment periods will typically have to pay higher premiums to fulfill the policy's requirements, while those choosing longer payment periods can enjoy lower premium amounts spread over a more extended period.

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4. You need to be _________ about your income and expenses to create an accurate budget for yourself.
A. Fixed
B. Variable
C. Wishful
D. Realistic

Answers

your answer is no D which is Realistic.

D because you have this dream that I have a lot of money and so when reality hits you it’s a problem

Match the ICS Functional Areas with their descriptions.

a. Incident Command

b. Operations

c. Planning

d. Logistic

e. Finance/Administration

f. Intelligence/Investigation

1. Supports the incident action planning process by tracking resources, collecting/analyzing information, and maintaining documentation.

2. Sets the incident objectives, strategies, and priorities, and has overall responsibility for the incident.

3. Ensures that all intelligence/investigations operations and activities are properly managed, coordinated, and directed.

4. Conducts operations to reach the incident objectives. Establishes tactics and directs all operational resources.

5. Monitors costs related to the incident. Provides accounting, procurement, time recording, and cost analyses.

6. Arranges for resources and needed services to support achievement of the incident objectives.

Answers

Answer:

1. Planning.

2. Command.

3. Intelligence/Investigation.

4. Operations.

5. Finance/Administration.

6. Logistics.

Explanation:

ICS is an acronym for incident command systems and can be used for planned events, as well as for emergencies and coordinated responses in various circumstances or organizations.

The five (5) major functional areas of the incident command system (ICS) are;

1. Planning: Supports the incident action planning process by tracking resources, collecting/analyzing information, and maintaining documentation.

2. Command: Sets the incident objectives, strategies, and priorities, and has overall responsibility for the incident.

3. Intelligence/Investigation: Ensures that all intelligence/investigations operations and activities are properly managed, coordinated, and directed.

4. Operations: Conducts operations to reach the incident objectives. Establishes tactics and directs all operational resources.

5. Finance/Administration: Monitors costs related to the incident. Provides accounting, procurement, time recording, and cost analyses.

6. Logistics: Arranges for resources and needed services to support achievement of the incident objectives.

Unlike the United States, most countries across the globe rely on the ________ system to measure units, creating problems for both buyers and sellers in the international marketplace

Answers

Answer:

metric

Explanation:

Unlike the United States, most countries across the globe rely on the metric system to measure units, creating problems for both buyers and sellers in the international marketplace.

The United States uses the imperial system, also known as the U.S. Customary System.

For example, to measure length, the imperial system uses units such as inches, feet, yards, and miles. On the other hand, the metric system uses units such as millimeters, centimeters, meters, kilometers, etc.

Suggest two macroeconomic variables, other than stock prices, that could potentially be leading variables. Explain why these are likely to be good leading variables.

_______________ could potentially be leading variables since ____________________________ and they respond _____________ macroeconomic shocks, including current shocks and anticipated future shocks.

Answers

Consumer confidence could potentially be a leading variable since it reflects the optimism or pessimism of consumers regarding the overall state of the economy. When consumer confidence is high, it suggests that consumers are likely to spend more, which can stimulate economic growth.

On the other hand, when consumer confidence is low, consumers may reduce their spending, leading to a slowdown in economic activity. Interest rates could also be a leading variable since they influence borrowing costs for businesses and consumers.

When interest rates are low, businesses and consumers are more likely to borrow and invest, which can stimulate economic growth. Conversely, when interest rates are high, borrowing becomes more expensive, and businesses and consumers may reduce their borrowing and spending, leading to a slowdown in economic activity.

Both consumer confidence and interest rates respond to macroeconomic shocks, including current shocks such as changes in government policies or economic indicators, as well as anticipated future shocks such as expectations of inflation or changes in monetary policy.

As a result, changes in these variables can provide valuable insights into the direction and strength of the overall economy, making them potential leading indicators.

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Alex

Info:

| 22 yrs old; pre-tax income

= $35,000; $0 savings;

saves $200/month

How much will

they need to

retire at age 67?

Answers

Answer:

hello your question lacks some vital information hence I will make valid assumptions to aid the solution

answer : $583333.33

Explanation:

22 yrs old

pre tax income = $35,000 per year

savings = $200/month

Determine how much you will need to retire at 67

lets assume : Interest rate = 6% per annum

annual withdrawable amount per year after retirement = $35,000

∴ amount to be saved up by 67 years = 35,000 / 6% = $583333.33

hence amount needed to retire at age 67

target amount = $583,333.33

interest rate = 6%

number of years = 67 - 22 = 45

savings per year needed = 583,333.33 / 45 = $12962.96

Note : saving $200 per month would not give the required amount needed to retire at age 67

The required monthly savings = 12962.96 / 12 = $1080.25

Dillman Food Store developed the following information in recording its bank statement for the month of March. Balance per books March 31 $ 2,905 Balance per bank statement March 31 $10,900 1. Checks written in March but still outstanding $6,000. 2. Checks written in February but still outstanding $2,800. 3. Deposits of March 30 and 31 not yet recorded by bank $5,200. 4. NSF check of customer returned by bank $1,200. 5. Check No. 210 for $594 was correctly issued and paid by bank but incorrectly entered in the cash payments journal as payment on account for $549. 6. Bank service charge for March was $50. 7. A payment on account was incorrectly entered in the cash payments journal and posted to the accounts payable subsidiary ledger for $824 when Check No. 318 was correctly prepared for $284. The check cleared the bank in March. 8. The bank collected a note receivable for the company for $5,000 plus $150 interest revenue. Required: Prepare the bank reconciliation. DILLMAN FOOD STORE Bank Reconciliation March 31

Answers

The bank reconciliation for Dillman Food Store reveals an adjusted book balance of $8,105 and an adjusted bank balance of $1,900. There is a difference of $6,665, which can be attributed to outstanding checks, deposits in transit, an NSF check, bank service charge, etc.

The bank reconciliation process begins by comparing the balance per books and the balance per bank statement. In this case, the balance per books is $2,905, and the balance per bank statement is $10,900. The next step is to identify and adjust for any discrepancies.

Deposits in transit: These are deposits made by the company but not yet recorded by the bank. In this case, there are deposits of $5,200 made on March 30 and 31 that have not yet been recorded by the bank. Adding this amount to the balance per books, the adjusted book balance becomes $8,105.

Outstanding checks: These are checks written by the company but have not yet cleared the bank. In March, there are outstanding checks totaling $6,000 and additional checks from February totaling $2,800. Subtracting these amounts from the balance per bank statement, the adjusted bank balance becomes $1,900.

NSF check: This refers to a check that was returned by the bank due to insufficient funds. In this case, an NSF check of $1,200 was returned. Subtracting this amount from the adjusted bank balance, we arrive at $1,900.

Other adjustments include a bank service charge of $50, an incorrectly entered payment of $540 ([$824 - $284]), and an incorrectly entered check of $45 ([$594 - $549]). Finally, there is a note receivable collection of $5,150 ([$5,000 + $150]), which is added to the adjusted book balance. After making these adjustments, the corrected balances are $13,720 for the adjusted book balance and $7,055 for the adjusted bank balance. The difference between the two balances, $6,665, has been reconciled by accounting for the various factors mentioned above.

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Close to __________ of families with children are headed by single mothers.
O show few differences in development
O one-quarter
O live in poverty
O one half

Answers

Close to one-quarter of families with children are headed by single mothers. Single mothers are women who are raising children on their own without a partner or spouse.

According to various studies and statistics, approximately one-quarter of families with children are led by single mothers. This indicates that a significant portion of households consists of single mothers who are the primary caregivers and heads of their families.

Single-mother households can face unique challenges and circumstances. It is important to note that not all single-mother households face poverty, as financial situations can vary widely. However, it is also worth mentioning that a considerable proportion of single-mother households do live in poverty. Poverty rates among single-mother households tend to be higher compared to households with two parents, highlighting the economic difficulties that many single mothers may encounter.

While it is true that single-mother households may face certain obstacles, it is crucial to avoid generalizations and recognize that individual experiences and circumstances can differ greatly.

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"Professional education and vocational training are the foundation
for the overall development of a nation". Justify this statement with
suitable examples.
?

Answers

Answer:

Professional education and vocational training are the foundation for the overall development of a nation because, by training people in the different careers and jobs that they will develop throughout their lives, this in turn is generating a series of people specialized in different labor fields that will benefit from one or the other it shapes society as a whole. Therefore, through this specific education in labor matters, future progress and well-being are generated for citizens.

Your employer wants to analyze data that come from other sites, such as measuring where people have come from to get to your company’s site. what would you recommend that your company use to determine how people searched the internet to find its products?

Answers

I would recommend that your company use a web analytics tool such as Adobe Analytics, or a similar product to measure the incoming traffic to your site.

What is company?

A company is a legal entity created by individuals, stockholders, or shareholders, with the purpose of operating for profit. Companies are separate from their owners and managers, and exist as a distinct legal entity. They can enter into contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes. Companies are typically created to pursue and capitalize on business opportunities, and to provide goods or services to customers at a profit. Companies can be structured in various ways, including corporations, partnerships, and limited liability companies.

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Bonds are not always categorized as group of answer choices callable or convertible. term or serial. secured or unsecured. secured or debenture.

Answers

It should be noted that Bonds are not always categorized as secured or unsecured.

What is a bond?

A bond serves as a fixed-income instrument which is inform of a loan that is given a borrower by investor.

Therefore, bonds represents a loan, however it cannot be categorized as secured or unsecured.

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What does a fresh, modern interior and clear sense of style LEAST affect when a
new customer walks into a salon?
(1 point)
a tone
a price point
an expectation
a standard

Answers

Option B. A fresh, modern interior and clear sense of style least affect the price point when a new customer walks into a salon.

What does a fresh, modern interior and clear sense of style LEAST affect when a new customer walks into a salon?

The price point typically reflects the cost of the salon's services and products and is determined by various factors such as the location, level of expertise of the staff, quality of products used, and other overhead costs.

While a stylish and modern salon interior can influence a customer's perception of the salon, it is unlikely to affect the price point of the services offered.

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mexico can produce 80 pounds of beef or 8 autos. in contrast, the united states can produce 50 pounds of beef or 40 autos. which country has the absolute advantage in beef

Answers

Mexico has the absolute advantage in beef production compared to the United States. Absolute advantage refers to a country's ability to produce a good or service more efficiently than another country.

In this case, Mexico can produce 80 pounds of beef while the United States can only produce 50 pounds. Therefore, Mexico has the absolute advantage in beef production. This means that Mexico can produce a higher quantity of beef using the same amount of resources or produce the same quantity of beef using fewer resources compared to the United States. However, the United States has the absolute advantage in automobile production as it can produce 40 autos while Mexico can only produce 8. It is important to note that absolute advantage does not necessarily mean that a country should produce everything that it has an absolute advantage in. Rather, countries should specialize in producing goods and services where they have a comparative advantage, meaning that they can produce the good or service at a lower opportunity cost.

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examples of frictional force

Answers

Explanation:

I hope this would be the right answer....

According to the AICPA Statements on Standards for Tax Services, which of the following factors should a CPA consider in choosing whether to provide oral or written advice to a client?
a. The client's business acumen.
b. The tax sophistication of the client.
c. Whether the client will seek a second opinion.
d. The likelihood that current tax litigation will impact the advice.

Answers

b. The tax sophistication of the client is a factor that should be considered in choosing whether to provide oral or written advice to a client according to the AICPA Statements on Standards for Tax Services.

The CPA should consider the client's ability to understand and apply the advice provided in choosing the appropriate form of communication. If the client is more tax-savvy and experienced, a written communication may be more appropriate. If the client has less experience or may have difficulty understanding complex tax concepts, an oral communication may be more effective in conveying the advice.

Other factors such as the complexity of the advice, the potential impact on the client's tax liability, and the potential for future disputes or litigation should also be considered in making this determination.

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why is real gdp rather than nominal gdp used when comparing growth over time?

Answers

Real GDP is used when comparing growth over time because it adjusts for changes in prices, providing a more accurate measure of economic growth.

Nominal GDP, on the other hand, reflects the value of goods and services produced in current prices without accounting for inflation. The use of real GDP allows for a clearer understanding of changes in the actual quantity of goods and services produced in an economy, rather than changes driven solely by price fluctuations. By removing the impact of inflation or deflation, real GDP provides a more meaningful measure of economic output and allows for comparisons across different time periods. Comparing growth rates based on nominal GDP can be misleading because it may give the impression of higher growth due to price increases rather than actual increases in production.

Real GDP accounts for changes in the purchasing power of money, making it a more appropriate measure for assessing changes in economic activity and productivity over time.

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Answer for 25 points link to video

Answers

Based on Coca Cola's most recent yearly report, they offer over 1.9 billion servings of their items each day in more than 200 nations.

What is the Coca-Cola’s Business about?

In terms of question 2, Coca Cola depends intensely on its bottling accomplices for the conveyance of its items. These bottling accomplices are autonomous firms that have understandings with Coca Cola to make, bundle, and disperse its refreshments.

Lastly, for question 3, Coca Cola's approaches to achieving goals in the immediate and distant future exhibit notable differences. In the immediate future, the company's primary goal is to sustain its market presence and financial viability by implementing measures such as reducing expenses and conducting focused promotional efforts.

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See text below

video transcript