$2600 Debit balance
In the first month of operations, company's have zero balance. After the posting of different entries , some accounts balances got settled automatically but some accounts needs to be settled to know the balance in the end of the month.
Cash account debit means increase in cash or incoming of cash whereas credit means decrease of cash or outflow of cash from the organization.
In the end of the month debit balance is $27500 and credit balance is $24900 therefore account balance is $27500-24900 = $2600 debit.
When the account debit balance exceeds the credit balance, the account has debit balance.
This process is known as balancing of general ledger.
Balancing of account means finding difference between the debits and credits , which means for balance of ledger all debits must be equal to all credits.
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help help help help
Based on the different types of compensation and their determination, the following are true:
Wages - Paid by the Hour - Sarah's direct deposit. Commission - A percentage of sales - Lucinda's percentage. Salary - Calculated weekly or monthly - Frank's overtime pay. Bonuses - For performance - Janet's Low Sales. Profit sharing - Based on Co. earnings - Robert's year end reward.Types of compensationWages are calculated by the hour and then paid to the relevant employee sometimes in cash or by direct debit. Commissions are a percentage of sales.
Salaries are calculate monthly or weekly and include overtime. Bonuses are based on performance so people who don't perform well don't get much. Profit sharing depends on how much a company makes in a year and are distributed at the end of the year.
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Name 2 of the 10 School Based Enterprise instructional Units
Answer:
1. Financial Analysis
2. Marketing-Information Management
Explanation:
A school-based enterprise often referred to as SBE is an entrepreneurial undertaking in a school setting that participates in goods/services delivery to address the needs of the market.
SBEs are organized and regulated by students as practical learning laboratories that incorporate National Curriculum Standards in various departments such as marketing, finance, hospitality or management.
Hence, the full 10 School Based Enterprise instructional Units are the following:
1. Financial Analysis
2. Marketing-Information Management
3. Operations
4. Market Planning
5. Product/Service Management
6. Pricing
7. Distribution/Channel Management
8. Promotion
9. Selling
10. Human Resources Management
Joey has $1,000.00 to invest. He loves tracking crude oil prices. If he were to invest, what type of investment strategy would he be investing in?
An investment strategy is a plan created to assist lone investors in achieving their monetary and investment objectives. Your specific circumstances, including your age, wealth, risk tolerance, and aspirations, will determine your investing plan.
What is an investment strategy example?Due to the possibility of generating a monthly rental income, rental properties are a typical form of income investment. You may then utilize those profits to increase the size of your investment portfolio. Dividend stocks, index funds, and specific bonds are some more typical income investment ideas.
Finding growth investments is a common beginner's tactic. This entails searching for up-and-coming businesses and buying a stock before the enterprise takes off. When using a growth investing plan, one of the most well-known instances is to look at Apple shareholders.
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An established electronics business has reinvented itself and come up with some novel new products. The owners want to go beyond the same old ads and commercials to promote these products. As a well-informed media planner, you suggest a merger of advertising and entertainment, including promotions in video games, cell phones, in malls and retail stores, and at movie theaters. This mix is known in the industry as: Group of answer choices
Answer: a. Madison & Vine.
Explanation:
Madison and Vine advertising refers to an innovative way of marketing where both advertising and entertainment are merged so as to present a different style and reach more people.
People are usually more attentive when being entertained and so advertising to them during these times increases the chances of success which is what prompted this type of advertising and this is what is being offered to the electronics business by you in the scenario above.
To be effective, a leader must understand the ________ aspects of the organization such as values, attitudes, and personalities.
Answer:
informal
Explanation:
The informal aspects are the focus of the interdisciplinary field known as organizational behavior (OB), which is dedicated to better understanding and managing people at work.
The basic aspect of an organization such as values, attitudes and personalities must be understood to become an effective leader.
The basics values also known as core values are what serves as base to an organization structure since inception.
it is important that a leader understand the basics value of the organization such as values, attitudes and personalities to allow him to be effective because they are silent features that are abide to.
Therefore, to be effective as a leader, the basic aspect of an organization such as values, attitudes and personalities must be understood.
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Which of the following most accurately reflects the symbolic view of management?
Question 22 options:
A)
Managers are directly responsible for an organization's success or failure.
B)
Managers have to ensure that every obstacle is overcome on the way to achieving the organization's goals.
C)
Employees are directly responsible for an organization's success or failure.
D)
External forces are responsible for an organization's success or failure.
The most accurate option that reflects the symbolic view of management is: D) External forces are responsible for an organization's success or failure.
In the symbolic view of management, the emphasis is placed on external factors that influence the organization's outcomes, rather than solely on the actions of managers or employees.
This perspective recognizes that organizations are affected by various external forces such as the economy, market conditions, industry trends, technological advancements, political factors, and cultural influences. According to the symbolic view, managers must understand and adapt to these external forces to ensure the organization's success.
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Which style of decision making will consumers who develop brand loyalty use?
A.extensive decision making
B.limited decision making
C.routine decision making
D.opportunity based decision making
Define the term lifestyle and explain the kind of lifestyle you would like in your future. Then, discuss how work affects
lifestyle.
Answer:
the way in which a person or group lives.
Explanation:
ME working out alot and bieng very fit and It wouldnt effect my lifestyle it would actually help me cause i would live longer and be healthy
The term lifestyle refers to the habits and practices that define the life of a person, which also involves his/her work.
What is lifestyle?Lifestyle can be defined as the set of attitudes and patterns used in a routine and define the life of an individual.
Lifestyle can affect work because it is directly associated with the health and well-being of an individual.In conclusion, the term lifestyle refers to the habits and practices that define the life of a person, which also involves his/her work.
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The computer security losses of businesses are estimated to be $15-$300 Billion annually... why so large of a range?
a. Businesses often don't know how much they're losing on computer crime.
b. Computer crime is so prevalent.
c. Businesses often don't tell how much they're losing on computer crime.
d. Businesses often don't care how much they're losing on computer crime.
e. Both A and C.
The large range of estimated computer security losses of businesses is due to both A and C, businesses often don't know or don't disclose how much they're losing on computer crime.
The actual financial impact of computer security breaches on businesses is difficult to estimate, and as a result, the range of estimated losses is large. Many businesses may not even realize the full extent of their losses, as some security breaches may go undetected or unreported.
Additionally, some businesses may choose not to disclose the full extent of their losses, either to avoid negative publicity or to protect their competitive advantage. This lack of information and transparency makes it challenging to accurately assess the total financial impact of computer security breaches on businesses.
Therefore, the range of estimated losses varies widely, from $15 billion to $300 billion annually.
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Chang corporation sells products for $120 each that have variable costs of $80 per unit. Chang’s annual fixed cost is $720,000. Required use the per-unit contribution margin approach to determine the break-even point in units and dollars.
Chang Corporation's unit has a break-even point of $2,160,000
What is the profit and loss account contribution margin approach?Contribution margin profit and loss statement is sales minus all variable costs to determine contribution margin. Then subtract the total fixed costs to get the net profit or net loss for the period. A company's revenue minus variable costs equals the contribution margin, which is the marginal profit per unit sold.
Contribution margin is calculated by subtracting the variable unit price from the selling price per unit. Often referred to as dollar contribution per unit, this metric shows how much a particular product contributes to a company's overall profit.
Given the:
Breakeven $ = 18,000
Break-even unit = $2,160,000
720,000/ (120-80)= 18,000
18,000 x 120 = 2,160,000
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what are the importance of a scale ?
Answer:
The importance of scale is given below.
Explanation:
Scale becomes making it more effective also because of the severity of the challenges faced throughout environments including certain reducing inequality, the community, gender inequality as well as infrastructure need on-scale approaches. They are therefore merge-border in natural surroundings and therefore not based exclusively towards one venue.Banks with relatively ____ ROAs often incur ____ noninterest expenses.
A. low; very low
B. low; very high
C. high; very high
D. none of the above
The answer to your question is B, banks with relatively low ROAs often incur very high noninterest expenses. A bank's ROA, or return on assets, is a measure of its profitability and efficiency in utilizing its assets to generate earnings.
Banks with low ROAs are often struggling to generate sufficient profits, and this can be due to a variety of factors such as low interest margins, high credit losses, or ineffective cost management. To offset these challenges, banks may incur high noninterest expenses such as salaries, rent, and technology investments in an attempt to improve their performance. However, these expenses can further erode profitability if they are not effectively managed. Therefore, it is important for banks to strike a balance between generating revenue and managing costs to achieve sustainable profitability.
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acme widgets, inc. produces widgets by using labor and capital. the price of labor is $5 per unit and the price of capital is $10 per unit. at current output levels, the marginal product of labor is 10 widgets and the marginal product of capital is 40 widgets. to reduce the total cost of producing the current quantity of widgets, how should the firm change its spending on labor and capital?
The company will alter its spending on labor and capital, which will decrease and rise, to reduce the overall cost of producing the present quantity of widgets.
Why would someone utilize Capital One?
With its headquarters in McLean, Virginia, and its primary operations in the United States, Capital One Financial Corporation is an American bank holding corporation that specializes in credit cards, auto loans, banking, and savings accounts.
A excellent credit card is Capital?
Consumers and small business owners have access to some of the greatest cash-back and rewards credit cards through Capital One. Other cardholders can earn large benefits on regular spending with the Savor and Venture cards, which are ranked among Select's best dining and travel cards, respectively.
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If a stock you buy is $50 per share and pays $2 per year in total dividends;
what is the dividend yield of the stock?*
Answer:
4%
Explanation:
Dividend yield shows the dividends paid out annually as a percentage of the share market price.
The formula for calculating dividend yield is the annual dividend per share/market value per share.
Dividend yield = dividend/ market share price x 100
Dividend yield = 2/50 x 100
Dividend yield = 0.04 x 100
Dividend yield = 4%
What are some ways that you’ve seen department stores, online stores, or social media ads try to activate the amygdala and encourage you to buy products?.
The ways seen in department stores, online stores, or social media ads to activate the amygdala is carried out by companies using emotional marketing to encourage consumers to purchase the products.
Amygdala is a complex structure of cells in the brain which are involved in processing of emotions and memories. Emotional marketing plays an important role in companies’ marketing campaigns. Consumers decisions always involve an emotional component. Emotional branding use messages to target human emotions and persuade consumers to buy products.
Ways used by departmental stores, online store, or social media ads to activate the amygdala is encourage buying products are:
1. Know your target audience by performing marketing research on what could encourage an emotional reaction in your campaign. The material should connect to consumers’ desire, dreams, fears, or memories.
2. Foster inspiration by associating the brand with famous and accomplished people making your consumer believe they can achieve the same.
3. Create aspirations by suggesting that consumer can achieve a certain goal by using the product.
4. Use location-based marketing which can stimulate connection with customers located in that area.
5. Express love and passion expressing company’s commitment to the consumer or the product.
6. Use colors in your ads as colors create emotional response in consumers attracting them to the product.
7. Tell a story as stories resonate with consumer at a higher level than a simple product description. Adding humor or interactive features can go a long way.
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use the formula for simple interest to find total amount of money accumulated at the end of the indicated time period. $7,000 for 35 years at 13%
At the end of 35 years, the total amount of money accumulated would be $38,850.
To calculate the total amount of money accumulated at the end of the indicated time period using the formula for simple interest, we need to consider the principal amount, interest rate, and time period.
Given:
Principal amount (P) = $7,000
Time period (t) = 35 years
Interest rate (r) = 13%
The formula for simple interest is:
I = P * r * t
Here, I represents the interest earned.
Using the given values, we can calculate the interest earned:
I = 7,000 * 0.13 * 35
I = $31,850
To find the total amount of money accumulated, we add the interest earned to the principal amount:
Total amount = Principal amount + Interest earned
Total amount = $7,000 + $31,850
Total amount = $38,850
Therefore, at the end of 35 years, the total amount of money accumulated would be $38,850.
It's important to note that this calculation assumes that the interest is compounded annually and no additional contributions or withdrawals are made during the 35-year period.
Additionally, this calculation does not take into account factors such as inflation, taxes, or compounding frequency, which may affect the actual amount accumulated.
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2. What does AOC stand for?
d. Area of Concentration
c. Area of Careers
b. Awareness of Careers
na Awareness of College
Answer:
The answer is D. Area of Concentration
Explanation:
Area of concentration (AOC) must be listed along with a skill identifier (if applicable) and listed as the primary specialty.
An employee's disclosure of illegal, unethical, wasteful, or harmful practices by a company is called?
An employee's disclosure of illegal, unethical, wasteful, or harmful practices by a company is called whistleblowing.
Whistleblowing refers to a practice where an individual (an employee) reports or exposes any illegal, unethical, or wrongdoings committed by a company, organization, or an individual. Such conduct includes fraud, waste, abuse, corruption, and more. Generally, a whistleblower can report or expose the unethical practice by filing a complaint against the company or organization with the legal or regulatory authority.
A whistleblower (also written as whistle-blower or whistle blower) is a person, often an employee, who reveals information about activity within a private or public organization that is deemed illegal, immoral, illicit, unsafe or fraudulent.
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Does the state of the US economy have an effect on local businesses started by entrepreneurs? Please explain your answer.
The state of the United States' economy has an effect on local businesses that are started by entrepreneurs as it determines the amount of sales that the local business would make.
How does the U.S. economy affect local businesses?The state of the U.S. economy determines the income level of the average person in America. If the economy is doing well, then people generally have more income than if the economy is performing poorly.
When the economy is doing well and people have more income, they will be able to buy more goods and services from businesses including the local businesses established by entrepreneurs. If the reverse is the case, then local businesses would generally suffer when the economy is bad and people have less income.
There are also local businesses that see their income increase when the economy is doing poorly for instance, financial planners and health care.
In conclusion, local businesses started by entrepreneurs get affected by the state of the U.S. economy.
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PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST PERSONAL & FAMILY FINANCE)
Amanda submitted her taxes, but someone from the IRS called her because they want to talk more about her tax return. What is Amanda MOST likely experiencing?
estimated payment
tax audit
tax deduction
Answer
tax detection
Explanation:
just is
Explanation:
Barbie's trading company sells Barbie's doll and the annual demand is 2800 doll.It costs the company $33 to place an order and the carrying cost is 7% of the unit cost.The cost of each doll is $40.The supplier offers the following discounts to Barbie's Company. Order Quantity < 100 Discount None 4% Unit Cost $40 $38 100 quantity < 200 200 8% $37.20 a) What would be the optimal order quantity? b) What is the minimum annual inventory cost? (18 marks) (2 marks)
To find the optimal order quantity and the minimum annual inventory cost for Barbie's trading company, we can use the economic order quantity (EOQ) formula.
a) Optimal Order Quantity:
The EOQ formula is given by:
EOQ = √[(2DS) / H]
where:
D = Annual demand = 2800 dolls
S = Ordering cost per order = $33
H = Carrying cost per unit per year = 7% of the unit cost = 0.07 * $40 = $2.80
Using these values, we can calculate the EOQ:
EOQ = √[(2 * 2800 * 33) / 2.80]
= √[(184,800) / 2.80]
= √66,000
≈ 257.25
Since the order quantity needs to be a whole number, the optimal order quantity would be rounded up to the nearest whole number. Therefore, the optimal order quantity is 258 dolls.
b) Minimum Annual Inventory Cost:
To calculate the minimum annual inventory cost, we need to consider the total cost, which includes ordering cost and carrying cost.
Total Cost = (D / Q) * S + (Q / 2) * H
where:
Q = Order quantity
We can calculate the total cost for each discount level and choose the one with the minimum cost.
For no discount (unit cost = $40):
Total Cost = (2800 / 258) * 33 + (258 / 2) * 2.80
= 280.62 + 361.20
= $641.82
For discount 1 (unit cost = $38):
Total Cost = (2800 / 258) * 33 + (258 / 2) * 2.80
= 280.62 + 346.80
= $627.42
For discount 2 (unit cost = $37.20):
Total Cost = (2800 / 258) * 33 + (258 / 2) * 2.80
= 280.62 + 343.20
= $623.82
Therefore, the minimum annual inventory cost is $623.82 when the order quantity is 258 dolls with a unit cost of $37.20.
Note: The answer assumes that the discount applies to the entire order quantity.
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Robert placed the following assets into service for his packing and shipping company this year
Option B. The way that Robert would eliminate the requirement to use the mid-quarter convention B.Claim the Section 179 deduction for the delivery truck.
What is meant by mid-quarter convention?According to the mid-quarter convention, a company that purchases fixed assets during a reporting quarter should treat them as though they were purchased at the halfway point of the quarter.
When the total depreciable basis of MACRS property placed in service during the final three months of the client's tax year exceeds 40% of the total depreciable basis of all MACRS property placed in service throughout the entire year, you must utilize the mid-quarter convention.
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Robert placed the following assets into service for his packing and shipping company this year: April 3: Desk with a basis of $1,100. July 30: Computer software with a basis of $4,200. October 30: Delivery truck with a basis of $33,000. All assets were used exclusively for business purposes. How may Robert eliminate the requirement to use the mid-quarter convention?
A.Claim the special depreciation allowance for the computer software.
B.Claim the Section 179 deduction for the delivery truck.
C.Elect to expense the desk on the tax return in accordance with the de minimis safe harbor of the tangible property regulations.
D.Use the ADS system to depreciate the truck and the desk.
if fixed costs are $216,000, the unit selling price is $40, and the unit variable costs are $25, what is the break-even sales (in units)?
The break-even sales (in units) can be calculated by dividing the total fixed costs by the contribution margin per unit. The contribution margin per unit is the difference between the unit selling price and the unit variable cost.
Contribution margin per unit = Unit selling price - Unit variable cost
= $40 - $25
= $15
Break-even sales (in units) = Total fixed costs ÷ Contribution margin per unit
= $216,000 ÷ $15
= 14,400 units
Therefore, the company needs to sell 14,400 units in order to break even and cover all of its fixed and variable costs.
In summary, the break-even sales (in units) can be calculated by dividing the total fixed costs by the contribution margin per unit, which is the difference between the unit selling price and the unit variable cost. In this case, the break-even sales is 14,400 units.
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At December 31, 2020, Culver Corporation had an estimated warranty liability of $120,000 for accounting purposes and $0 for tax purposes. (The warranty costs are not deductible until paid. ) The effective tax rate is 20%. Compute the amount Culver should report as a deferred tax asset at December 31, 2020. Deferred tax asset at December 31, 2020 $
Culver Corporation should report a deferred tax asset of $24,000 at December 31, 2020.
To compute the deferred tax asset at December 31, 2020, we need to calculate the temporary difference between the accounting and tax treatment of the warranty liability and apply the applicable tax rate.
Temporary Difference = Accounting Liability - Tax Liability
Temporary Difference = $120,000 - $0
Temporary Difference = $120,000
Deferred Tax Asset = Temporary Difference * Tax Rate
Deferred Tax Asset = $120,000 * 20%
Deferred Tax Asset = $24,000
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g which of the following represent issues of culture and ethics in international operations? a. all of the above are culture and ethics issues b. bribery c. employee punctuality d. employee stealing e. protection of intellectual property rights
(E) All of the above represent issues of culture and ethics.
What are cultural and ethical issues?A set of managers' and employees' experiences, presumptions, and expectations about how the company supports ethical or unethical behavior can be referred to as the "ethical culture."
Building and measuring an ethical society is a difficult task with great potential rewards.
Race, ethnicity, religion, sexual orientation, gender, and disability are just a few of the many issues that fall under the umbrella of "cultural issues."
We use the word "culture" to describe the values and traditions of a particular community.
Issues of culture and ethics include bribery, employee timeliness, staff theft, and the defense of intellectual property rights.
Therefore, (E) all of the above represent issues of culture and ethics.
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Complete question:
Which of the following represent issues of culture and ethics in international operations?
a. bribery
b. employee punctuality
c. employee theft
d. protection of intellectual property rights
e. all of the above are cultural and ethical issues
the purpose of _______ is to build selective demand.
Persuasive advertising serve as kind of advertising that build selective demand.
Persuasive advertising can be regarded as a form of product promotion which convince the potential customer in a persuasive manner to purchase a specific product.It is a kind of advertising that bring about Selective demand whereby demand for a specific brand is been set as a result of the advert to the potential customer.
Therefore, Persuasive advertising is the correct term.
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What are the effects of business cycle?
The stage of the economic cycle we are in at the moment can be determined by variables like GDP, interest rates, total employment, and consumer spending. Businesses and investors can benefit from understanding economic cycles.
The market worth of all the final goods and services produced and sold (not resold) in a certain time period by countries is measured in dollars using the term "gross domestic product" (GDP). [2] [3] This measurement is frequently changed before it can be trusted as an indicator because of how complicated and subjective it is. To compare living standards between countries, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful, whereas nominal GDP is more useful for comparing national economies on the global market. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries. The contribution of each industry or sector to the overall GDP can also be quantified. The per capita GDP of a region is calculated as the GDP divided by the total population (also called the Mean Standard of Living).
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You are a manager for an office supply company. Your son needs supplies for a science project due by the end of the week. It will be another week before you get paid. What should you do?
Answer:
register this as a credit transaction waiting for payment processing
Explanation:
The best thing to do in this scenario would be to take the supplies and register this as a credit transaction waiting for payment processing. That way there is a financial journal entry stating where the supplies went and that they are not missing. Then when you get paid next week you can simply pay for the supplies and change the transaction as completed/paid.
Analyse how the level of government intervention varies according to the type of
economic system countries operate.
Answer:
Answer: In a capitalist economy, the government acts as a regulatory and complementary body. On the other hand, in a socialist economy, the government plays a comprehensive role in almost all economic activities, such as production, distribution, and consumption, of a nation.
an applicant who pays the initial premium at the time of application is typically given a(n)
An applicant who pays the initial premium at the time of application is typically given a conditional receipt. This receipt is essentially a temporary insurance policy that provides coverage from the date of application until the policy is issued or declined. The purpose of the conditional receipt is to protect the applicant and provide peace of mind while the insurance company is underwriting the policy. If the applicant were to die during this period, the insurance company would pay the death benefit to the designated beneficiary.
However, if the policy is declined, the initial premium is refunded to the applicant. The conditional receipt is an important tool for both the insurance company and the applicant, as it helps to streamline the underwriting process and provides a level of security for the person.
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When an applicant pays the initial premium at the time of application for insurance, they are typically given a warranty to ensure coverage.
Explanation:When an applicant pays the initial premium at the time of application for insurance, they are typically given a warranty. A warranty is a promise made by the insurance company to fix or replace the insured item for a certain period of time. In the context of insurance, this means that if the applicant experiences a covered event or damage, the insurance company will fulfill their obligation and provide the necessary coverage.
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