Gearty and Olinto organized The Worthington Corp., which issued voting common stock with a fair market value of $240,000. They each transferred property in exchange for stock as follows: Percentage of The Worthington Corp. Stock Acquired 6096 40% Adjusted Basis Fair Market Value Property Gearty Building $80,000 Olinto Land $164,000 10,000 96,000 The building was subject to a $20,000 mortgage that was assumed by The Worthington Corp. What amount of gain did Gearty recognize on the exchange? a. $0 b. $20,000 c. $84,000 d. $104,000

Recording depreciation expense on a truck is an example of an adjusting entry.

An adjusting entry is made at the end of an accounting period to ensure that the financial statements reflect the correct account balances and adhere to the matching principle. Adjusting entries are necessary to recognize revenues and expenses in the period in which they are earned or incurred, even if the associated cash transactions have not occurred.

Recording depreciation expense on a truck is an example of an adjusting entry because it recognizes the allocation of the truck's cost over its useful life as an expense. Depreciation is a non-cash expense, and adjusting entries are made to reflect the gradual wear and tear or obsolescence of long-term assets.

Option a, recording the purchase of supplies on account, is an example of a regular entry to record a transaction. It does not involve adjusting the accounts at the end of an accounting period.

Option c, recording the billing of customers for services rendered, is also a regular entry to record the revenue earned when services are provided. It does not involve adjusting the accounts at the end of an accounting period.

Therefore, only option b, recording depreciation expense on a truck, is an example of an adjusting entry.

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The best option for this payment scenario is through credit card, a person may initially pay the whole amount while the rest of the team members can transfer their amount of dinner to the person who made the payment at the restaurant through P2P.

Credit card is the card that is issued by a bank and the card holder can avail the cash limit provided to him/her, without having an actual amount in the account. The credit card can be used for shopping and more and the bill for the credit card is generated at the end of the month and the payment by card holder is made, if the card holder delays the payment an interest is charged on the rate.

At the cheesecake Factory the payment can be made through a credit card and the other team members may transfer the amount to the person who makes the payment at restaurant with a credit card.

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a. The carrying amount of the equipment at 1 January 2018 is $452,858.

b. The depreciation expense for the year-ended 31 December 2018 is $88,571

a. To determine the carrying amount of the equipment at 1 January 2018, we need to calculate the accumulated depreciation up to that point.

Annual Depreciation = (Cost - Residual value) / Useful life

Annual Depreciation = ($630,000 - $30,000) / 8 years = $75,000 per year

Accumulated Depreciation as of 31 December 2017 = 2 years x $75,000 = $150,000

Carrying Amount as of 31 December 2017 = Cost - Accumulated Depreciation = $630,000 - $150,000 = $480,000

Since the estimated useful life and residual value have been revised, we need to recalculate the carrying amount at 1 January 2018 as follows:

Depreciable amount = Cost - Residual value = $630,000 - $10,000 = $620,000

Annual Depreciation = Depreciable amount / Useful life = $620,000 / 7 years = $88,571 per year

Accumulated Depreciation as of 1 January 2018 = 2 years x $88,571 = $177,142

Carrying Amount as of 1 January 2018 = Cost - Accumulated Depreciation  

                                                                = $630,000 - $177,142

                                                                = $452,858

b. To compute the depreciation expense for the year-ended 31 December 2018, we use the same calculation as above:

Depreciation Expense for the year-ended 31 December 2018

= Annual Depreciation

= $88,571

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Answer:

Option d "Directive" is the correct alternative.

Explanation:

All other alternatives aren't connected to the scenario. So the above is the right approach.

A demand schedule gives a schedule of alternative quantities demanded per time dimension at different possible prices.

A demand schedule is a table that shows the quantity of a good or service that consumers are willing and able to purchase at different prices over a specified time period. It represents the relationship between price and quantity demanded, assuming that all other factors affecting demand remain constant.

The demand schedule typically lists different prices in one column and the corresponding quantities of the good or service that consumers are willing and able to purchase at each price in another column.

This allows analysts to observe how changes in price affect the quantity demanded and to estimate the relationship between price and quantity demanded, which is known as the demand curve.

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A known liability arises from a situation with little uncertainty, with set agreements, contracts, or laws. These liabilities are measurable. Known liabilities would include all of the following items, except:a. warranties.

Liability is a term in accounting that is used to explain any kind of financial responsibility that a business has to pay on the end of an accounting duration to a person or a commercial enterprise. Liabilities are settled by using moving monetary blessings such as money, goods or services.

Liabilities are any money owed your business enterprise has, whether it is financial institution loans, mortgages, unpaid payments, IOUs, or every other amount of money which you owe someone else. in case you've promised to pay someone a amount of cash in the destiny and have not paid them yet, it truly is a liability.

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The principal payment per month of the loan will be $190.00 approximately.

The answer is calculated by not giving effect to the interest amount for 5 years.

The principal per month refers to the original amount borrowed divided by the number of months for which the amount is borrowed. The formula therefore to calculate principal per month will be:

\(\rm Principal\:per\:month = \dfrac{\rm Amount\: borrowed}{Number\:of\:month}\)

For the given question, the principal per month will be calculated as follows:

\(\begin{aligned} \rm Price\:of\:car &= List\:price + Sales\:tax\\\\&= \$16,825 + 7.19\%\\\\&= \$18,034.72\end\)

The principal borrowed will be list price less downpayment of the car.

\(\begin{aligned} \rm Principal\:borrowed &= \rm Price - Downpayment\\\\&= \$18,034.72 - \$6,662\\\\&=\$11,412.72\end\)

Therefore, principal per month will be:

\(\begin{aligned}\rm Principal\:per\:month &= \dfrac{11,412.72}{5 \times 12}\\\\&= \dfrac{11,412.72}{60}\\\\\\&= \$190.2\end\)

Therefore, the principal per month will be $190(approximately).

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Answer:

C. Organization

Explanation:

:)

Answer:

#2

Explanation:

The correct answer is e. Supplier-integrated manufacturing. In this type of supplier integration, suppliers establish their manufacturing facilities in close proximity to the buyer's facilities.

This arrangement allows for better coordination, communication, and sharing of resources between the buyer and the supplier. It enables faster response times, reduced transportation costs, and increased supply chain efficiency. By locating manufacturing facilities nearby, both parties can collaborate closely, streamline production processes, and optimize the flow of goods, leading to improved quality control, lower lead times, and enhanced overall operational performance. Supplier-integrated manufacturing promotes stronger partnerships and facilitates a seamless integration of the buyer's and supplier's manufacturing capabilities.

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Answer:

A. Country B has a comparative advantage producing copper.

Multiple -choices

A. Country B has a comparative advantage producing copper.

B. Country A has an absolute advantage producing copper and lead.

C. Country A has an absolute advantage producing copper.

D. Country B has a comparative advantage producing lead.

Explanation:

A country has a comparative advantage over others if it can produce a product using fewer resources. It means that given equal inputs, a country with a comparative advantage will have more output than competitors. Therefore, comparative advantage is the ability to produce at a lower opportunity cost than rivals.

Country B's ability is 400 tons while country A capacity is 300 tons. Country B uses fewer resources hence has a higher output than country A.  Country B has a comparative advantage over country A.

Answer:

Country B has a comparative advantage producing copper.

Explanation:

Answer:

$7,898

Explanation:

The $12,500 is equivalent to the future value of the invested amount.

using the formula

where A is future amount,

Pi= principal or invested amount,  

t = time 12 years ( the difference between 17 and 5 years)

r= is interest rate of 3.9% or 0.039 %

A = P(1 +rt)^n

$12,500= P(1 +0.039)^12

$12,500 = P(1.5827)

P=$12,500/1.5827

P= $7,897. 89

P=$7,898

Answer:

Laocoon threw the spear at the wooden horse when Trojans refused to believe him that the wooden horse was a trickery from Greeks.

Explanation:

Aeneid is a masterpiece of Virgil, that tells the tale of Aeneas.

In book 2, of the epic, the death of Trojan Priest Laocoo is mentioned. The book begins by unfolding the trickery that the Greeks were planning on Trojans by sending the wooden horse as a gift of peace. Since, they had a war between them for ten years, Trojans agreed to accept the gift as they wanted peace. But it was Laocoon, who suspects the reason of sending the wooden horse.

Laocoon tried to convince the Trojans that they do not accept the wooden horse, but they refused to listen to him. In his anger and rage, Laocoon threw his spear at the wooden horse, only to reveal that it was hollow from  inside.

Answer:

To prove that the horse concealed an army of Greeks

Explanation:

He threw a spear in a fit of rage because he believed the Greeks truly did not want peace. The spear pierced the horse and revealed that it was hollow.

A pure market economy, a pure command economy, a mixed economy, and a traditional economy are the four primary types of economic systems.

What does the mixed economic system mean?

An economy with components of both capitalism and socialism is referred to as a mixed economy. A mixed economy safeguards private property and allows for some economic flexibility in the use of capital, but it also allows for government involvement in the market to further social goals.

What is the ideal economic system?

The finest economic system is capitalism since it offers everybody in society a variety of advantages and chances. Creating money and innovation, enhancing people's lives, and empowering the populace are a few of these advantages.

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The predetermined overhead rate for Triumph Company is $48.10 per machine hour. None of the provided options matches the calculated rate. Please double-check the answer choices provided.

To calculate the predetermined overhead rate, we need to divide the estimated overhead cost by the estimated machine hours.

Predetermined Overhead Rate = Estimated Overhead Cost / Estimated Machine Hours

Given that the estimated overhead cost is $9,620,000 and the estimated machine hours are 200,000, we can calculate the predetermined overhead rate as follows:

Predetermined Overhead Rate = $9,620,000 / 200,000

= $48.10 per machine hour

Therefore, the predetermined overhead rate is $48.10 per machine hour.

None of the options provided in the question match the calculated rate.

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Answer:

The delivery company had no reason to know that its employee had a poor driving record.

Explanation:

In a dispute where an injury happened contributory negligence is the failure of the plaintiff to adequately protect themselves in a situation or if their actions contributed to a negative incident.

This reduces or stops the amount they can be compensated with.

In the given scenario the employee negligently went through a red light and crossed the path of a rented van. The man driving the van swerved to avoid the employee and struck a light post and several parked cars, severely damaging the van. At the time of the accident, the driver of the van was exceeding the posted speed limit; he would have been able to avoid hitting the light post and the cars had he been going the proper speed.

The delivery company will prevail if they said that the had no reason to know that its employee had a poor driving record.

This will attribute the accident to the negligence of the plaintiff and he will not be able to collect any compensation

Discount stores of retailer generally accepts lower margins than traditional retailers in exchange for higher sales volume.

A discount store is a retail establishment that offers goods for less than what regular retail establishments would charge. Given that they provide a large variety of products, some bargain stores are comparable to department stores; in fact, some are referred to as discount department stores.

Others focus on particular products, such jewellery, electronics, sporting items, or home appliances. "Category killers" are discount retailers that focus on a particular selection of products inside a given retail category. IKEA for home furnishings, Staples for office supplies, and Home Depot for building supplies are a few examples of them. These shops provide expert service, affordable costs, and a wide selection of national brands (often obtained straight from the makers). Discount stores with closed doors are those that are only accessible to members of particular groups, like cooperative members or government employees.

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Answer:

The mean of the annual profit is $2.27 m.

The standard deviation of the annual profit is $0.3418 m.

Explanation:

Let X represent the annual operating costs for cleaning  the solar modules and replacing solar modules that have failed.

And let Y represent the annual revenue from the electric power.

It is provided that:

\(E(X)=\$0.51\ m\\E(Y)=\$2.78\ m\\SD(X)=\$0.12\ m\\SD(Y)=\$0.32\ m\)

It is known that:

Annual Profit (Z) ​= Annual Revenue (Y) - Annual Operating Costs (X)

Compute the mean of the annual profit ​as follows:

\(E(Z)=E(Y-X)\)

        \(=E(Y)-E(X)\\=2.78-0.51\\=2.27\)

The mean of the annual profit is $2.27 m.

Compute the standard deviation of the annual profit ​as follows:

\(SD(Z)=\sqrt{V(Y-X)}\)

        \(=\sqrt{V(Y)+V(X)-2Cov(X,Y)}\\=\sqrt{V(Y)+V(X)}\\=\sqrt{(0.32)^{2}+(0.12)^{2}}\\=0.3418\)

The standard deviation of the annual profit is $0.3418 m.

Answer:

The correct statement will be "Not give Leo the money since Leo is not vested".

Explanation:

Leo requires 50,000 dollars. He reaches the urban environment instead of accepting a mortgage as well as demands for the amount owed including its gain that would accumulate to him following his brother's passing.

The remaining amount through Life insurance policies can only be compensated on Simon's death and nobody even, particularly Simon and his brother Leo, seems to have the authority to charge any compensation payout against that kind of policies especially given the fact that almost all the contributions have been compensated.

So the above is the right approach.

Answer: 380

Explanation:

So we know that 62% of the trip she was asleep. Basically we need to subtract 100- 62 and get 38. 38% she was awake. Therefore once we get that we covert it into a decimal

It would be .38 we multiply by the total miles (1000) and your answer will be 380. :)

Answer:

Hi!! I hope you are great. Thanks for the pts...

Answer:

it could misslead or make there buisness fail

Explanation:

Answer:

C.

Explanation:

It's obviously not A, because that would lead to a corrupt society. It's not B either, because no one would pay if that were a policy, and it wouldn't be any different than giving out money for free.

C is correct. If a debtor misses payments on a loan, the creditor has the right to transfer the amount due plus interest to the next given payment. The next given payment will cost the debtor the amount due previously, plus interest (for being late), and the amount due that month.

For example, a debtor makes monthly payments of $1,000 to their creditor. If the debtor misses this month's payment (which equates to $1,000), the creditor has the right to move the amount due plus interest to next January.

Generally speaking, interest should be around 10% annually and broken down into monthly charges. So the annual interest rate would be $100, which makes the monthly interest rate $8.33. Next January, the debtor would pay the amount due previously ($1,000), plus interest ($8.33), and the amount due that month ($1,000).

The debtor will need to pay $2008.33 in January.

A lot of people might mistake D as the correct answer, but creditors don't have to declare bankruptcy.

The correct option is C. When you miss payments on a loan, creditors have the right to take measures to get their money back. Normally, the creditor will get in touch with you and let the credit bureaus know about the default.

A creditor is a company that extends credit, allowing another company to borrow money that will eventually be repaid. A company that offers goods or services but does not request payment upfront is also considered a creditor because the customer owes the company money for work already completed.

A creditor has a range of alternatives available to it to induce payment if you miss a payment or are unable to pay a debt, including using collection firms. Inability to pay a debt can still have negative effects, such as ruined credit scores and lawsuits, even though debtor's prison is a thing of the past.

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The statement that the stock dividends distributable account is listed in the current liability section of the balance sheet is true.

The statement that the stock dividends distributable account is listed in the current liability section of the balance sheet is true. The stock dividends distributable account is a temporary account that is used to record the amount of dividends that have been declared by the company's board of directors but have not yet been paid out to shareholders. This account is typically listed in the current liability section of the balance sheet because the dividends are expected to be paid out within the next year. Current liabilities are obligations that a company expects to pay within the next year or operating cycle, whichever is longer. Examples of current liabilities include accounts payable, wages payable, and short-term loans. The stock dividends distributable account falls under this category because the company is obligated to pay out the dividends within the next year. It is important to note that the stock dividends distributable account is a temporary account that is closed out at the end of the accounting period. Once the dividends are paid out to shareholders, the account is zeroed out and the transaction is recorded in the retained earnings account. In conclusion, the statement that the stock dividends distributable account is listed in the current liability section of the balance sheet is true. This account is a temporary account that is used to record the amount of dividends that have been declared but not yet paid out to shareholders and is listed in the current liability section because the dividends are expected to be paid out within the next year.

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In a 401k the employer usually matches a percentage and if you are lucky dollar for dollar, where in an IRA it is does an an extra option with a set amount of money usually 2500 or more for each IRA contribution.

Correct option is A, C, D and E.

1. The amount an employer will match for a 401(k):- you don't have to forget when you will need the money, retirement  is years away, but you have to know what choices will make it worth by the time you need the money back. And it is also important to know really how much you can invest. When you have a large amount more options are available. But using a variety of investments will reduce the risk.  

3. The ideal age to establish a particular retirement plan:- that will set you up for the plan you need. Below 50 or older.

4. The amount an investor is allowed to contribute annually, the federal law allows a maximum contribution for participants older than 50.

5. The tax laws and breaks related to different retirement plans:- retirement plans can often give you tax benefits in the present it depends to the one you choose. For example, the payment of the tax on the money deposited in a traditional 401 (k) plan can be delayed until the money is withdrawn from the account.

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Answer:

A,C,D,E

Explanation:

I did it and this was correct.

The low setting makes the company the most money in sales, with a total revenue of $1980

To determine which setting makes the company the most money, we need to calculate the total revenue generated by each setting while taking into account the quality rating. For the low setting, the company produces 110 units with a 90% quality rating, which means that 10% of the units are not sellable. So, the total number of sellable units is 110 x 0.9 = 99 units. The revenue generated from selling these units is 99 x $20 = $1980. For the medium setting, the company produces 120 units with an 80% quality rating, which means that 20% of the units are not sellable. So, the total number of sellable units is 120 x 0.8 = 96 units. The revenue generated from selling these units is 96 x $20 = $1920.

For the fast setting, the company produces 140 units with a 70% quality rating, which means that 30% of the units are not sellable. So, the total number of sellable units is 140 x 0.7 = 98 units. The revenue generated from selling these units is 98 x $20 = $1960.

Therefore, the low setting makes the company the most money in sales, with a total revenue of $1980

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Answer:

forensic accounting- Working within companies or as a

consultant to detect bookkeeping

errors, embezzlement, and

fraudulent financial reporting.

environmental accounting- Involves a relatively new field in

which specialists help companies

manage their CSR initiatives.

taxation- Researching and inspecting all

summary reports to insure full

compliance with all state and

federal reporting requirements.

auditing- Handles all reporting and

documentation submissions

to local, state, and federal

tax agencies.

Explanation:

i think these are right the last two im really not sure of sorry if wrong.

Answer:

In this exact order

forensic accounting-

environmental accounting-

auditing-

taxation-

Explanation:

Answer:

$8500

Explanation:

Beg AP bal = 3000

Sold 1/2 of merch on acct = add 2500

Paid suppliers = subtract 1000

Bought more merch on acct = add 4000

3000 + 2500 - 1000 + 4000 = 8500

Ending AP bal = 8500

Answer:

Three reason why GM build cars in China:

China has lower labor costs. This is the main reason, a Chinese worker earns a lot less than an American worker, and this results in a substantial cost reduction for GM.

China has important economies of scale. The United States also has important economies of scale, but China may have the edge in some economic sectors.

Finally, the third reason is that China has very good infrastructure like trains, roads, and ports, and this facilitates the logistics for GM.

If the president wants GM to move production back in the US, GM could demand better infrastructure (labor costs cannot be lowered, and the economies of scale are already there), and perhaps other complementary incentives like corporate tax reductions, or even subsidies.

Lesson 1 and Lesson 2 indeed emphasized the significance of price elasticities of demand and supply in analyzing the reactions of consumers and producers to fluctuations in demand and supply conditions.

Price elasticity of demand measures the responsiveness of the quantity demanded to changes in the price of a product. It indicates how sensitive consumers are to price changes. If demand is elastic, a small change in price will result in a relatively large change in quantity demanded. On the other hand, if demand is inelastic, quantity demanded will change minimally in response to price variations.

Understanding the price elasticity of demand helps businesses determine the potential impact of price changes on their sales revenue. For example, if demand is elastic, a price decrease may lead to a substantial increase in quantity demanded, thereby boosting total revenue. Conversely, a price increase in elastic demand may result in a significant decline in quantity demanded and lower revenue.

Price elasticity of supply, on the other hand, measures the responsiveness of the quantity supplied to changes in the price of a product. It indicates how sensitive producers are to price changes. If supply is elastic, a small change in price will cause a relatively large change in quantity supplied. In the case of inelastic supply, quantity supplied will change minimally in response to price fluctuations.

Understanding the price elasticity of supply helps businesses assess their ability to respond to changes in demand. If supply is elastic, producers can increase output significantly when prices rise, which helps stabilize prices. In contrast, if supply is inelastic, producers may struggle to increase output, resulting in price spikes during periods of increased demand.

Overall, price elasticities of demand and supply provide crucial insights into the dynamics of markets and help businesses make informed decisions about pricing, production levels, and market strategies.

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