if the government removes a 1 tax on sellers of gasoline and imposes the same 1 tax on buyers of gasoline g

The advantages of first recording transactions in the journal and then posting to the ledger are:

A journal is a physical record or digital document kept as a book, spreadsheet, or data within accounting software for accounting purposes. When a business transaction occurs, the financial transaction is recorded as a journal entry by a bookkeeper. If the expense or income has an impact on one or more business accounts, the journal entry will include that information as well.

Journaling is an important component of objective record-keeping because it allows for concise reviews and records-transfer later in the accounting process. Journals, along with the general ledger, are frequently reviewed as part of a trade or audit process. Sales, expenses, cash movements, inventory, and debt are common items recorded in a journal.

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Answer:

Bonds held to maturity are recorded at the net carrying value (after any premium or discount amortization is made), but since these bonds were purchased at face value, there is no premium or discount to be amortized. The bonds should be reported at face value as non-current assets since they mature in more than 1 year.

Explanation:

all the numbers are missing, so I looked for a similar question:

Otter Creek & Co. Owns vast amount of corporate bonds. Suppose Otter Creek buys $1,200,000 of RoastCo bonds at face value on January 2, 2016. The RoastCo bond spay interest at an annual rate of 3% on June 30 and December 31, and mature on December 31, 2020. Otter Creek intends to hold the investment until maturity.

How would the bond investment be classified on December​ 31, 2016​, balance​ sheet?

Answer:

John paid $60,000 to replace the roof

Explanation:

The correct statement is c. John must add the $72,500 to the original cost basis of the underlying property and retroactively re-calculate depreciation expense on that property from the original placed-in-service date.

Data and Calculations:

Cost of replacing warehouse roof = $60,000

Cost of demolishing and removing old roof = $12,500

The total replacement cost incurred = $72,500 ($60,000 + $12,500).

Answer Options:

a. John must deduct $72,500 unless he elects not to do so.

b. John may claim the $12,500 as a loss on a "partial disposition" unless he elects not to do so.

c. John must add the $72,500 to the original cost basis of the underlying property and retroactively re-calculate depreciation expense on that property from the original placed-in-service date.

d. John may elect to claim the $12,500 as a loss on a "partial disposition."

Thus, the correct statement about the costs incurred by John for the warehouse roof replacement is Option C because roof replacement costs are capitalized.

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One common type of the matrix used in strategic planning is the SWOT analysis.

Strategic planning is a process of defining an organization's long-term goals and objectives, and then developing a plan of action to achieve them. It involves analyzing the current state of the organization, identifying strengths, weaknesses, opportunities, and threats, and setting priorities and objectives for the future. The process typically involves gathering input from stakeholders, conducting research and analysis, setting strategic objectives, developing action plans, and monitoring progress over time. The ultimate goal of strategic planning is to align an organization's resources, capabilities, and activities with its long-term goals and objectives. This helps to ensure that the organization is well-positioned to respond to changes in its environment and to achieve sustained success over time.

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Answer:

$182.50

Explanation:

Calculation of  the total cost on the job cost sheet for Job BBGR12

Manufacturing Costs Schedule

Beginning Work In Process Inventory :

Direct Materials                                         $50.00

Direct labor of                                            $75.00

Overhead of                                              $20.00

Incurred during the year :

Direct labor (2.5 hours × $12)                   $30.00

Overheads (2.5 hours × $3)                        $7.50

Total cost on the job cost sheet             $182.50

Following are the emerging issues in organization design and architecture:Technology and Globalization, Customer Relations,Technical Knowledge, Flexibility, Employee's Well-being.

Following are the emerging issues in organization design and architecture:

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To determine your capacity to pay back debt, use the debt service ratio and debt safety ratio.

Both the debt service ratio and the debt safety ratio evaluate how much of your monthly income is required to pay off your debt. While your debt safety ratio measures your monthly consumer debt payments to your monthly take-home pay, your debt service ratio compares your total monthly loan payments to your gross monthly income. These computations are significant for two reasons.

First, refraining from taking on more debt than you can manage by keeping your debt service ratio and debt safety ratio within sustainable bounds. Second, loan officers often use comparable calculations to establish your eligibility for credit cards, mortgages, and auto loans.

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$905 is the amount of the journal entry.

year-end adjusting entry will have the amount of $2045

Business uses a trial balance, which is a summary of credit and debit values, to internally evaluate their dual bookkeeping.

The journal entry will be written as

Bad best account debited by 905

Allowance for doubtful debts will be also credited by 905.

The amount is calculated as

= 103000 * 1.50% - 640

= 4905

The amount which will be used at the end to create an adjusted account balance will be with respect to the 2045 amount. The journal entry will be

Bad debt expenses account debited to 2045

to the allowance for doubtful debt credited to 2045

The amount is calculated as

= 103000 * 1.505 + 500

= 2045

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Warner Company's year-end unadjusted trial balance shows accounts receivable of $103,000, allowance for doubtful accounts of $640 (credit), and sales of $320,000. Uncollectibles are estimated to be 1.50% of accounts receivable. 1. Prepare the December 31 year-end adjusting entry for uncollectibles View transaction list Journal entry worksheet Record the estimate of uncollectibles. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal 2. What amount would have been used in the year-end adjusting entry if the allowance account had a year-end unadjusted debit balance of $500? Amount used in the year and adjusting entry

Warner Company's year-end unadjusted trial balance shows accounts receivable of $103,000, allowance for doubtful accounts of $640 (credit), and sales of $320,000. Uncollectibles are estimated to be 1.50% of accounts receivable. 1. Prepare the December 31 year-end adjusting entry for uncollectibles View transaction list Journal entry worksheet Record the estimate of uncollectibles. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal 2. What amount would have been used in the year-end adjusting entry if the allowance account had a year-end unadjusted debit balance of $500? Amount used in the year and adjusting entry

If it is used frequently, a milkshake mixer must be cleaned and sanitized at least every four hours of time.

Time is the continued sequence of existence and events that occurs in an apparently irreversible succession from the past, through the present, into the future.

It is a component quantity of various measurements used to sequence events, to compare the duration of events or the intervals between them, and to quantify rates of change of quantities in material reality or in the conscious experience.

If it is used frequently, a milkshake mixer must be cleaned and sanitized at least every  four  hours of time.

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The essay on understanding the advantages and disadvantages of different ways to pay for expenses is given below.

It streamlines the payment process, boosts security and convenience, happens in real-time, is incredibly handy for everyone, gives the firm a more modern appearance, spans boundaries, enhances the likelihood that budgets will be converted into sales, swiftly digitizes any business,

Accepting a paperless system with electronic payments, however, is comparatively easy. The advantages of digital payment systems include speed, safety, ease of collection, and lower costs for the company.

Making money is the entire reason a firm is established. And only if your company allows clients to make payments is the entire concept of profitability viable. Online payments have grown in importance as a result of recent technology breakthroughs in the e-commerce sector.

Offering consumers a variety of payment alternatives is advantageous for the business as well because customers are more likely to pay quickly and fully given the simplicity of payment than they would be if they only had a few options.

Lastly, Some Problems with  Payments are:

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Answer:

B.

Explanation:

Capital, in general term, can be defined as a sum of money used to start a firm or invest to earn more money. Talking in broader terms, capital is anything that adds value or profit to the owner of the firm.

A capital can be machinery, factory, patents, buildings, etc. Capital is a sum of money used to pay or invest in the making of products.

Therefore, the statement that best describes the role of capital is what goes into making a product. Thus option B is correct.

Answer:

Explanation:

Insurance protects yourself, your assets, or even your family against financial loss. Oftentimes, events, such as cancer or a car accident, are random and have the potential to financially run people. Insurance is a way to reduce the financial impacts of these risks.

To prevent restrictions or barriers in small businesses in townships, several intervention strategies can be implemented:

1. Business Development Support: Offer training programs, workshops, and mentorship opportunities to help small business owners develop essential skills such as financial management, marketing, and business planning.

2. Access to Capital: Establish microfinance programs or low-interest loan schemes to provide small businesses with the necessary funds to start or expand their operations. Additionally, create partnerships with financial institutions to streamline the loan application process.

3. Infrastructure Improvement: Invest in upgrading township infrastructure, including roads, electricity, and internet connectivity. This will enhance the business environment, attract investors, and facilitate smoother operations for small businesses.

4. Regulatory Simplification: Simplify and streamline licensing and permit procedures, reducing bureaucracy and paperwork burdens. This will make it easier for entrepreneurs to start and operate businesses, fostering a favorable environment for small enterprises.

5. Market Linkages: Facilitate connections between small businesses and larger supply chains, enabling them to access wider markets and secure stable customer bases. This can be achieved through networking events, trade fairs, and partnerships with established businesses.

6. Local Procurement Policies: Encourage local governments and institutions to adopt procurement policies that prioritize purchasing goods and services from small businesses in the townships, thereby boosting their economic growth and sustainability.

7. Collaborative Initiatives: Foster collaboration among small businesses by establishing business associations, cooperatives, or incubation centers. These platforms can provide shared resources, collective marketing efforts, and a supportive community.

By implementing these intervention strategies, the barriers and restrictions faced by small businesses in townships can be minimized, promoting their growth, sustainability, and contribution to the local economy.

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Based solely on the interest earned, Savings Plan A would be preferred over Savings Plan B.

To determine which savings plan is preferred, we can compare the total interest earned under each plan over the 5-year duration.

For Savings Plan A, the annual interest rate is 5.7%, and the interest is paid at the end of each year. Therefore, the total interest earned can be calculated using the simple interest formula: Principal x Rate x Time. Assuming a principal of $1,000, the total interest earned would be $1,000 x 0.057 x 5 = $285.

For Savings Plan B, the annual interest rate is 5.4%, and the interest is paid on a monthly basis (12 times a year). This means that the interest is compounded monthly.

Using the compound interest formula: A = P(1 + r/n)^(nt), where A is the final amount, P is the principal, r is the annual interest rate, n is the number of compounding periods per year, and t is the time in years, we can calculate the total interest earned. Assuming a principal of $1,000, the total interest earned would be $1,000 x [(1 + 0.054/12)^(12x5)] - $1,000 = $279.67.

Comparing the total interest earned, we can see that Savings Plan A yields a higher interest amount ($285) compared to Savings Plan B ($279.67).

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Based on the company's assets and equity, the amount that it owes various stakeholders is $368,900

You can find this using the accounting formula:

Assets = Liabilities + Equity

Expanding the formula gives:

Current assets + Book value of fixed assets = Liabilities + Book value of shares + Retained earnings

18,900 + (780,000 - 246,000) + (1,050,000 - 104,000) = Liabilities + 920,000 + 210,000

Liabilities = 8,900 + (780,000 - 246,000) + (1,050,000 - 104,000)  - 920,000 - 210,000

= $368,900

In conclusion, liabilities are $368,900

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Answer:

Hixson Company

1. Total amount of product costs incurred to make 25,000 units is:

= $500,000

Total amount of period costs incurred to sell 25,000 units is:

= $187,500

2. Variable manufacturing cost per unit of 24,000 units is:

= $14.00

The fixed manufacturing cost per unit is:

= $6.25

3. The variable manufacturing cost per unit is:

= $14.00

The fixed manufacturing cost per unit produced is:

= $5.77

4. If 27,000 are produced, the total amounts of direct and indirect manufacturing costs incurred to support this level of production are:

Direct manufacturing costs = $378,000

Indirect manufacturing costs = $150,000

5. The total incremental manufacturing cost that Hixson will incur if it increases production from 25,000 to 25,001 units is:

= $14.

6. Contribution margin per unit is:

= $15

Contribution margin ratio is:

= 44%

7. Break-even point in unit sales is:

= 20,000 units

Break-even point in dollars sales = $300,000/44.1176%

= $680,000

8. The net operating income will increase to $97,500 ($15 * 6,500)if it can grow production and sales from 25,000 to 26,500.

9. Hixson's margin of safety at sales volume of 25,000 units is:

= $170,000

10. Degree of operating leverage at a sales volume of 25,000 units is:

= 3.85

Explanation:

a) Data and Calculations:

Selling price per unit = $34

Production and sales unit = 25,000 units

Unit costs at 25,000 units

                                                      Per Unit

Direct materials                                $8.00

Direct labor                                       $5.00

Variable manufacturing overhead   $1.00

Fixed manufacturing overhead      $6.00

Fixed selling expense                     $3.50

Fixed administrative expense        $2.50

Sales commissions                         $4.00

Variable administrative expense    $1.00

Total cost per unit                         $31.00

Product costs (financial accounting):

                                                       Per Unit

Direct materials                                $8.00

Direct labor                                       $5.00

Variable manufacturing overhead   $1.00

Fixed manufacturing overhead       $6.00

Total product costs per unit          $20.00

Period costs:

Fixed selling expense                     $3.50  

Sales commissions                         $4.00

Total selling period costs per unit $7.50

1. Total amount of product costs incurred to make 25,000 units is:

= $500,000 ($20 * 25,000)

Total amount of period costs incurred to sell 25,000 units is:

= $187,500 ($7.50 * 25,000)

2. Variable manufacturing cost per unit of 24,000 units is:

= $14.00

The fixed manufacturing cost per unit is:

= $6.25 ($6 * 25,000/24,000)

3. The variable manufacturing cost per unit is:

= $14.00

The fixed manufacturing cost per unit produced is:

= $5.77 ($6 * 25,000/26,000)

4. If 27,000 are produced, the total amounts of direct and indirect manufacturing costs incurred to support this level of production are:

Direct manufacturing costs = $378,000 ($14 * 27,000)

Indirect manufacturing costs = $150,000 ($6 * 25,000)

5. The total incremental manufacturing cost that Hixson will incur if it increases production from 25,000 to 25,001 units is $14.

Contribution margin per unit:

Selling price = $34

Variable costs = 19

Contribution  = $15

6. Contribution margin per unit is $15 ($34 - $19).

Contribution margin ratio is 44% ($15/$34 * 100)

7. Break-even point in unit sales = FC/CM per unit

= $300,000/$15

= 20,000 units

Break-even point in dollars sales = $300,000/44.1176%

= $680,000 (20,000 * $34)

8. The net operating income will increase to $97,500 ($15 * 6,500)if it can grow production and sales from 25,000 to 26,500.

9. Hixson's margin of safety at sales volume of 25,000 units is:

= $170,000 ($850,000 - $680,000)

10. Degree of operating leverage at a sales volume of 25,000 units is:

= Contribution margin/net operating income

= $375,000/$97,500

= 3.85

Broadcasting companies pay for the right to broadcast sporting events for the following reasons: Advertising revenue, Pay-per-view, Boost viewership.

Advertising revenue: Broadcasting companies earn income through advertising revenue, and sports events have a large audience. As a result, broadcasting companies compete to secure broadcasting rights for sports events so that they can generate advertising revenue from the broadcasts.

A large audience attracts more advertisers, and advertisers are willing to pay more to reach a larger audience, so it's a win-win situation for broadcasting companies.

Pay-per-view: Broadcasting companies often charge viewers a fee to watch live sporting events, with the fee varying based on the importance of the event and the audience size. As a result, broadcasting companies profit from live streaming sporting events through pay-per-view services.

Boost viewership: Sports events have a large following, and broadcasting companies are well aware of this fact. By securing the broadcasting rights to major sporting events, broadcasting companies can boost their viewership ratings, which can translate into higher advertising revenue.

This is particularly true for high-profile sports events such as the Super Bowl, which attracts millions of viewers from around the world. By broadcasting such events, broadcasting companies can increase their visibility and audience reach.

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Suppliers who provide the goods and services your business needs to operate

The objective of a competition analysis is to uncover any market gaps and to comprehend your competitors' advantages and disadvantages in comparison to your own. An essential part of any business strategy is the competitor analysis because it will help you refine your own.

Financial analysis is the word used to describe an assessment of the viability, stability, and profitability of a project, a sub-project, or a firm. It is completed by professionals that compile reports utilizing ratios and other approaches, utilizing information from financial statements and other reports.

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Given balances extracted from the accounting records of BERGVILLE LTD on 29 February 2023 are as follows:Information:Ordinary share capital = R200,000Retained income = R440,000Loan from Iniwe Bank = R25,000Fixed assets at carrying value = R11,500Fixed deposit:

Khula bank = R560,000Trading stock = R985,400Creditors control = R280,000Bank (unfavorable) = R25,000Accrued expenses (expenses payable) = R11,500Net trade debtors = R280,000SARS income tax (provisional tax payments) = R54,000Petty cash = R5,000Dividends:Interim dividends: R123,000

Final dividends: R320,000Therefore, total shareholders' equity can be calculated as:Share capital + Retained income = 200000+440000= R640,000The total current assets would be:Trading stock + Debtors + Cash = 985400+280000+5000= R1,270,400As given, Trade and other receivables occupied 54% of the current assets.

Therefore, Trade receivables = 54% * 1270400 = R685,216Bank balance as per cash book = 560000 - 25000 - 11500 + 280000 - 54000 - 5000= R1,95500Bank reconciliation statement:Bank balance as per bank statement as at 29 February 2023 = R2,000,500Post-dated EFT of R5,000 dated 31 March 2023Add: Unpresented cheque = R 3,000Add:

Deposit in transit = R12,000Less: Bank charges = R300Less: Uncredited cheque = R7,000Adjusted bank balance as per bank statement = 2,00,500 + 5000 + 3000 + 12000 - 3000 - 7000 = R2,13,500Thus, the adjusted bank balance as per bank statement is R2,13,500.

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Answer:

yas

Explanation:

Answer:A. $48,307

Explanation: Did the test.

Answer:

7.5 years

Explanation:

Payback is the period a project takes to recover its initial capital outflow.

The formula for calculating the payback period = Initial investments divide by net cash flow per period.

Payback Period = Initial Investments/ Net Cash Flow per Period

Payback period = $450,000/ $60,000

Payback period =7.5 years

Answer:

D. Time will tell if a unified government can be a success or a failure.

Explain

Just took the test, trust me <3

Answer:

Limited liability company

Explanation:

A limited liability company is a company where the liabilities of partners is limited to the amount invested in the company. A limited liability company has features of both a partnership and a sole proprietorship

The partnership is made up of a general partner and the limited partners. the general partner is involved in the daily running of the business. The limited partners are not involved in the daily running of the business. They just contribute capital.

In this question, the person involved in the running of the business is the general partner while the other 9 friends are the limited partners.

Answer:

Limited liability Company

Explanation:

A limited liability company is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Some of the benefits of an LLC include personal liability protection, tax flexibility, an easy startup process, less compliance paperwork, management flexibility, distribution flexibility, few ownership restrictions, charging orders, and the credibility they can give a business.

An LLC lets you take advantage of the benefits of both the corporation and partnership business structures. LLCs protect you from personal liability in most instances, your personal assets — like your vehicle, house, and savings accounts — won't be at risk in case your LLC faces bankruptcy or lawsuits.

social  can be an effective tool for promoting a brand, as it allows for targeted advertising and engagement with potential customers. In the case of The Exchange,  likely played a significant role in promoting the brand and driving sales and inquiries.

One way in which social may have been effective for The Exchange is by allowing the company to reach a wide audience at a relatively low cost. By creating and sharing content on platforms such as , , and , The Exchange could potentially reach thousands or even millions of people without spending large amounts on traditional advertising.Additionally, social media provides opportunities for engagement and interaction with potential customers. By responding to comments and messages, The Exchange could build relationships with customers and create a sense of community around the brand.It is difficult to determine which specific social platform led to the highest increase in sales and inquiries without more information.

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Answer:

House prices will increase

Explanation:

A shortage in the market supply occurs when sellers are unable to match the demand for a product. It is a situation where many buyers are chasing a few goods or services supplied in the market.

The price at which supply and demand match is the equilibrium price. Both sellers and buyers are happy at the equilibrium price. The housing sector is known for responding to the forces of supply and demand. In case of a shortage, the prices of houses will go up. As the many buyers compete for the few houses, suppliers will hike prices to make profits.

Answer:

giving a person education or making someone literate is called teaching.

teachers are the manpowers in teaching.

Answer:

Destination Management Organizations (DMOs) are the backbone of tourism destinations. They exist to promote destinations, attract visitors, and develop a regional economy. DMOs are responsible for everything from attracting major sporting events to promoting local festivals.

Explanation:

The financial crisis in 2008 could've been avoided in some ways by Regulating the housing market, Proper regulation banks and financial institutions, Introduction of better accounting standards, Encouraging greater transparency, and Regulating credit rating agencies.

The global financial crisis of 2008 was a significant economic event that had a far-reaching impact on the worldwide economy. The crisis resulted in the collapse of numerous leading financial institutions, which led to unprecedented losses in the stock market, a decline in economic growth, and high levels of unemployment. It is commonly believed that the crisis could have been avoided if appropriate measures had been taken at the right time.

Here are some ways the financial crisis in 2008 could have been avoided:

1. Regulating the housing market: The financial crisis of 2008 originated from the housing market collapse. Banks and financial institutions had given loans to people who could not afford them, and when the housing bubble burst, a massive number of mortgages went into default. If the government had regulated the housing market more effectively, the financial institutions would not have been able to give out loans to risky borrowers, and the housing market would not have collapsed.

2. Proper regulation of banks and financial institutions: If banks and financial institutions were regulated more effectively, they would not have been able to engage in risky financial practices that led to the crisis. Regulators would have spotted the risky activities early on and would have been able to take corrective action before it was too late.

3. Introduction of better accounting standards: During the financial crisis of 2008, banks and financial institutions engaged in creative accounting practices to hide their losses. This deception made it difficult to ascertain the real situation of the banks and financial institutions, leading to a lack of confidence in the market. If better accounting standards had been introduced, this could have been avoided.

4. Encouraging greater transparency: The financial crisis of 2008 was partly caused by a lack of transparency in the market. If regulators had encouraged greater transparency, there would have been more information available to investors, which could have led to greater confidence in the market.

5. Regulating credit rating agencies: Credit rating agencies played a significant role in the financial crisis of 2008. They gave high ratings to toxic financial products, which misled investors and led to the collapse of the market. If credit rating agencies were regulated more effectively, they would not have been able to give high ratings to risky products, and the market would have been more stable.

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Answer:

It would take a total of 14.572001 Months to pay off the balance, with interest

Explanation:

$2470.04 Would take 12.6 months to pay off, therefore, you must apply 17.99% yearly interest to this figure.

$2470.04 * .1799 = $444.36 interest

Principal + interest = total

$2470.04 + $444.36=  $2914.4

$2914.4 / $200 = 14.57 months