In January, Tongo, Inc., a branding consultant, had the following transactions. Indicate the accounts, amounts, and direction of the effects on the accounting equation under the accrual basis.

a. (Sample) Received $10,600 cash for consulting services rendered in January.
b. Issued common stock to investors for $15,500 cash.
c. Purchased $17,600 of equipment, paying 25 percent in cash and owing the rest on a note due in two years.
d. Received $7,750 cash for consulting services to be performed in February.
e. Bought and received $1,100 of supplies on account.
f. Received utility bill for January for $2,070, due February 15.
g. Consulted for customers in January for fees totaling $16,500, due in February.
h. Received $13,500 cash for consulting services rendered in December.
i. Paid $550 toward supplies purchased in (e).

At the beginning of the year, Addison Company's assets will be:

a. The equity at year-end will be $197,000.

b. The equity for Office Store Company at year-end will be $30,000.

c. The beginning and ending amounts of equity will be $103

What is assets?

Assets are items of value owned by an individual or an organization. Assets are divided into two categories: tangible and intangible. Tangible assets are physical in nature, such as cash, land, buildings, equipment, inventory, and investments. Intangible assets are non-physical, such as intellectual property, goodwill, copyrights, and trademarks. Assets can be used to measure the value of a business and its performance.

a. Equity at year-end = $176,000 + $80,000 - $59,000 = $197,000

b. Equity for Office Store Company at year-end = $224,000 - $194,000 = $30,000

c. Beginning equity = $69,000; Ending equity = $190,000 - $69,000 - $18,000 = $103

To learn more about assets
https://brainly.com/question/27972503

#SPJ1

As a producer and seller of athletic shoes, apparel, and equipment, Nike sells goods.

For more questions on Nike

https://brainly.com/question/24025850

#SPJ8

A career assessment chart is a chart that compares your values, interest, and aptitudes, with similar information about a career.

A career assessment is a range of personal characteristics that can have an impact on an individual's likelihood of success and level of happiness in a variety of career paths and work situations. career assessments are tools that can help people understand how these influences function. A career assessment is a means to find out more about the suitability of various careers for you. career assessment of many kinds concentrates on particular topics, such as values, interests, or talents. Even while attaining your ideal career can take more than just a completed Scantron sheet, career assessment tests can be quite helpful in giving people a head start in selecting career choices that meet their interests, best utilise their talents, or match their personalities.

Learn more about the career assessment here:

https://brainly.com/question/5399784

#SPJ9

Answer: What is the Big Five trait of extraversion?

Extraversion (or extroversion) is a personality trait characterized by excitability, sociability, talkativeness, assertiveness, and high amounts of emotional expressiveness.1 People high in extraversion are outgoing and tend to gain energy in social situations

Explanation: above

The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.

1. The US Senate passed the 2022 Defense Authorization Act.

2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.

3. The total amount allocated for the Defense Authorization Act is $768 billion.

4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.

5. The Act represents a 5% increase in the US defense budget when compared to the previous year.

6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.

7. The Act was passed overwhelmingly, indicating strong support from the Senate.

8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.

9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.

10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.

For more such questions on Defense Authorization Act, click on:

https://brainly.com/question/29225501

#SPJ8

A)To record the merchandise returns: Sales Returns and Allowances $613,000 Accounts Receivable $613,000 To record the year-end adjusting entry for estimated returns:

Estimated Sales Returns and Allowances $625,000Allowance for Sales Returns and Allowances $625,000 The estimated sales returns and allowances of $625,000 is calculated as follows: Sales = $12,500,000 Estimated returns (5% of sales) = $625,000 Since $338,000 of the returns were for merchandise sold prior to 2021, we need to subtract this amount from the total returns to determine the amount of returns for merchandise sold during 2021: Returns for merchandise sold during 2021 = $613,000 - $338,000 = $275,000 The net amount of the estimated returns is calculated as follows: Estimated returns = $625,000 Less: Returns for merchandise sold prior to 2021 = $338,000 Net estimated returns for merchandise sold during 2021 = $287,000 The adjusting entry is recorded for the net estimated returns of $287,000. B) The year-end allowance for sales returns after the adjusting entry is recorded is calculated as follows: Refund liability at the beginning of the year = $400,000 Add: Returns for merchandise sold during 2021 = $275,000 Subtract: Net estimated returns for merchandise sold during 2021 = $287,000 Year-end allowance for sales returns = $388,000 Therefore, the year-end allowance for sales returns after the adjusting entry is recorded is $388,000.

For more information on Estimated returns see:

https://brainly.com/question/30974589

#SPJ1

Answer:

a. $226,600

Explanation:

Profit = $ (95000+185000-1500

- 1,000 + 3,000 - 55,400 + 1,500 )= $226000

items added back to profit are allowed deductions while items deducted are disallowed deductions

Depreciation was added back to profit because method used was in excess of straight line method and so does not reflect true depreciation

Answer:

b

Explanation:

Answer:

Setting goals helps with knowing what to focus on and what to do at work

This helps the employee do better at work because they know exactly what they are going for

Explanation:

Just write a bunch of things about the things I said above like try to go into more detail about them I tried helping but I don’t think I can write 200 words worth of explanation on here

Answer:

well there realy inportant

Explanation:

Answer:

Labour hours constraint :  2a + 2b + 3c ≤ 150

Explanation:

Linear programming is a mathematical model that is used to solve a problem when a firm wants to maximize profit in the midst of multiple resource constraints.

The following steps should be followed:

Step 1: Define the variables

a= the units of product Anchor

b=  the units of product Bearing

c= the units of product Casting

Step 2: Define the constraints:

The constraints represent the limitations which could be resource; in this case machine hours and direct labour hours. Since the constraint in focus is labour hours , so we only consider it.

Subject

Constraints:  Labour hours : 2a + 2b + 3c ≤ 150

Non-negativity constraints a, b , c ≥ 0

Since the total available labour hours is 150 hours then the total consumption hours can either be equal to or less than 150, but can never be higher than 150.

The labour hours constraint  is represented by 2a + 2b + 3c ≤ 150

Answer: hope this helps.

Broadly shared growth in per capita GDP increases the typical American's material standard of living. ... Productivity growth allows people to achieve a higher material standard of living without having to work more hours or to enjoy the same material standard of living while spending fewer hours in the paid labor force.

Explanation:

Answer:

false

Explanation:

Answer:

529

Explanation:

I think its right

Most financial experts recommend that you retain your reserve cash in a 403(b) account.

A 403(b) plan is a wonderful method to save for retiring because the money is usually tax-free. Usually, tax is deducted from your paycheck before you get it; but, with a 403(b) investment, the money is deposited immediately, with no tax deducted beforehand.

As a result, your 403(b) payments may be taxed less in the long term.

Learn more:

https://brainly.com/question/11708309?referrer=searchResults

a. The AFC increases from $1.50 to $1.88 after the decrease in sales.

b. The Marginal Costs (MC) do not change.

C. It rises. The company needed to charge $1.85 per paper

The analysis of the answers go thus:

a. The average fixed cost (AFC) was $1.50, which equate the total fixed cost ($1.5 million) divide it by number of papers sold (1 million). By extension,

= $1,500,000/1,000,000).

Assume sales fall by 20% to 800,000 papers sold, the new AFC is $1.88.

= the total fixed cost divided by the new number of papers sold, = $1,500,000/800,000).

Thus, the AFC increases from $1.50 to $1.88 after the decrease in sales.

b. The marginal printing and marginal delivery costs are alike; as a result, marginal costs remains same.

c. To break even before the decline in sales, the company needed to charge enough to cover the AFC, $1.50, and the AVC, $0.35, which is the sum of the printing cost and delivery cost per paper. Thus, the company needed to charge $1.85 per paper. To break even after the decline in sales, the company needs to charge enough to cover the AFC, $1.88, and the AVC, $0.35, which is the sum of the printing cost and delivery cost per paper (note this does not change because the cost is per paper). Thus, the company needs to charge $2.23 per paper.

Therefore, the correct answer is as given above.

learn more about Marginal Costs: https://brainly.com/question/12231343

#SPJ4

The major performance indicator used to gauge whether all employees in the organization are meeting their sales targets is the number of transactions per day.

Employees are those who receive compensation for doing work for another individual or company. Employers need merely pay their employees for the work they do; full-time employment is not necessary for eligibility.

Employee meaning is really the sense of value that employees derive from their work and the degree to which their ideals are shared by a company. It ultimately boils to giving staff the tools and support they need to infuse value into their workdays and professional settings.

To know more about employee visit:

https://brainly.com/question/18633637

#SPJ1

The field report will encapsulate the entire experience had while on the visit such as: XYZ Enterprises is a well-established local business organization that operates in the manufacturing and distribution of consumer electronics and home appliances.

The field report is expected to have the following content (title, body-content, and conclusion) with a template given below:

Title: Visit to XYZ Enterprises

Introduction: During my recent field visit, I had the opportunity to explore and analyze the operations of XYZ Enterprises, a prominent local business organization in the area. This report aims to provide a comprehensive overview of the company, its nature and type, objectives, activities, and its position in terms of convergence or divergence. Additionally, I will delve into the creation of the business idea and its development process.

1. Name of Business Organization: The business organization under study is XYZ Enterprises.

2. Nature and Type of Business Organization: XYZ Enterprises is a manufacturing and distribution company specializing in the production and sale of high-quality consumer electronics and home appliances. The company operates on a large scale and has a well-established presence in the local and regional markets.

3. Main Objectives of Business Organization: The primary objectives of XYZ Enterprises include:

a) Providing customers with innovative and reliable electronic products and appliances.

b) Ensuring customer satisfaction through superior product quality and after-sales services.

c) Expanding market share and establishing a strong brand presence.

d) Maximizing profitability and achieving sustainable growth.

4. Activities of the Business: Products and Services Dealing: XYZ Enterprises engages in a range of activities to accomplish its business objectives. The company designs, manufactures, and distributes various electronic products such as televisions, smartphones, laptops, and home appliances like refrigerators, washing machines, and air conditioners. Furthermore, XYZ Enterprises provides comprehensive after-sales services, including repairs, warranty claims, and customer support.

5. Analysis of Convergence or Divergence Position: Based on my observations and analysis, XYZ Enterprises is currently in a convergence position. The company has strategically aligned its operations with the changing market demands and customer preferences. This can be seen through its efforts to introduce innovative products, expand its product portfolio, and enhance customer experience through efficient after-sales services.

6. Development of the Business Idea:

The business idea of XYZ Enterprises was conceived through a combination of market research, industry analysis, and the vision of the company's founders. The initial concept revolved around addressing the growing demand for reliable and technologically advanced consumer electronics and home appliances. The founders recognized the opportunity to establish a brand that prioritized quality, innovation, and customer satisfaction.

To transform this idea into a tangible business, extensive research and planning were undertaken. The team analyzed market trends, consumer behavior, and the competitive landscape to identify gaps and potential areas for differentiation. This led to the development of a comprehensive business plan, outlining the company's strategic direction, target markets, product range, and marketing strategies.

7. Areas of Convergence: Within the convergence position, XYZ Enterprises focuses on several areas to drive its success:

a) Product Innovation

b) Customer Experience

c) Market Expansion

d) Brand Building

In conclusion, XYZ Enterprises is a well-established local business organization that operates in the manufacturing and distribution of consumer electronics and home appliances. The company has set clear objectives to provide innovative and reliable products, ensure customer satisfaction, and achieve sustainable growth.

learn more about field report: https://brainly.com/question/30025157

#SPJ1

The date, the amount to be credited as well as debited, a short description of the transaction, and the accounts impacted are all included in each journal entry along with other information pertinent to a single business transaction.

Any exchange, whether or not it is an economic one, can be recorded as a diary entry. An accounting journal that displays the debit and credit balances of a business lists transactions. Multiple recordings, each of which is whether its a debit or a credit, may be included in the diary entry.

Business transactions are initially entered into a journal in manual accounting or bookkeeping methods. the name "notebook entry" was born. Depending on the business, it may identify affected divisions, tax details as well as other information.

Journal entries are attached below:

c). Accounts payable = $25,480 - $4,312

                                   = $21,168

To know more about journal entry, visit:

https://brainly.com/question/20421012

#SPJ1

Rest of the question is,

a. Journalize Stylon’s entry to record the purchase. If an amount box does not require an entry, leave it blank.

b. Journalize Stylon’s entry to record the merchandise return. If an amount box does not require an entry, leave it blank.

c. Journalize Stylon’s entry to record the payment within the discount period of 10 days. If an amount box does not require an entry, leave it blank.

d. Journalize Stylon’s entry to record the payment beyond the discount period of 10 days. If an amount box does not require an entry, leave it blank.

Answer:

a rebate because companies like that and paint companies give out rebates

Answer:

The average cost per day of a three-day pass is $36.6

To find the average cost, we simply divide the cost of the three-day pass $110, by the number of days:

$110/3 = $36.6

The marginal cost of adding the third day is $20

The marginal cost is the additional cost incurred when adding the third day. We can find it by substracting the cost of the two-day pass from the cost of the three-day pass:

$110 - $90 = $20

If there are 7 people in your group, the group's marginal cost of switching from the two-day pass to the three-day pass is $140

If we assume that the values in the question are per person, then the answer is: $140

$110 * 7 = $770

$90 * 7 = $630

$770 - $630 = $140

A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.

B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.

Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:

1. Final Goods:

Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.

2. Intermediate Goods:

Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.

The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.

It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.

for more such question on goods  visit

https://brainly.com/question/25262030

#SPJ8

Answer:

i think it is eaither  b or c

Explanation:

Answer: C- specialization

Explanation:

Nominal GDP is the total value of all goods and services produced within a country's borders during a specific time period, typically measured in terms of the market prices at which these goods and services are sold.

Nominal GDP, in essence, represents the aggregate value of all goods and services produced within a nation's boundaries during a specified timeframe.

An online news article that discusses impacts to GDP in some way:

Headline: U.S. GDP Growth Slows to 1.5% in First Quarter

Summary:

The U.S. economy grew at an annual rate of 1.5% in the first quarter of 2023, down from 6.9% in the fourth quarter of 2022. The slowdown was driven by a number of factors, including the ongoing war in Ukraine, rising inflation, and supply chain disruptions.

The slowdown in GDP growth is a sign that the U.S. economy is facing headwinds. The war in Ukraine is causing energy prices to rise, which is contributing to inflation. Rising inflation is eating into consumer spending, which is a major driver of economic growth.

Find out more on nominal GDP at https://brainly.com/question/28286810

#SPJ1

Gross Domestic Product (GDP) is a measurement of a country's economic performance. It is among the most essential indicators used to assess the health of the economy. It measures the total value of all goods and services produced within the country's boundaries during a given period.GDP is significant because it reflects the standard of living of a nation and its people.

For such more question on economy

https://brainly.com/question/28210218

#SPJ8

The approach is best demonstrated by Free Enterprise

Let understand that Free Enterprise is a system where there are full freedom for individuals and businesses. This system brings economic growth because its encourages entrepreneurs to start new businesses and take risks.

A laissez-faire economy system, notable a theory developed by the French creates the philosophy of giving businesses more autonomy from government rules and regulations

Learn more about laissez-faire

brainly.com/question/18499612

A majority of the justices, or five out of the nine on a full Court, must agree. The opinion has been written at this point. This is the court's judgment in writing.

In our system of government based on the Constitution, the Supreme Court is incredibly significant.

First and foremost, it acts as the final resort for anyone looking for justice because it is the nation's highest court. Second, it is crucial for ensuring that each arm of government understands the boundaries of its own authority because of its ability to conduct judicial reviews.

Third, it defends civil liberties and rights by overturning unconstitutional legislation. Finally, it establishes reasonable boundaries for democratic government by preventing popular majorities from passing legislation that discriminates against or unfairly benefits unpopular minorities.

Learn more about the Supreme Court, from:

brainly.com/question/1755400

#SPJ1

The breakeven point in units is approximately 217 units.

A. The revenue function represents the total revenue generated by selling a certain number of units. In this case, the revenue function can be expressed as:

Revenue = Selling price per unit * Number of units

Since the selling price per unit is $13.50, the revenue function can be written as:

Sales = $13.50 * Number of units

b. The cost function represents the total cost incurred to produce a certain number of units. In this case, the cost function consists of both variable costs and fixed costs. The cost function can be expressed as:

Price = (variable price per unit * number of units) + fixed price

Since the variable cost per unit is $7.85 and the fixed cost per period is $1,220, the cost function can be written as:

Price = ($7.85 * Number of Units) + $1,220

C. To calculate the break-even point, we need to find the number of units where revenue equals cost. In other words, it is the point where there is no profit or loss. Mathematically, the break-even point can be calculated by setting revenue equal to cost and solving for the number of units:

$13.50 * Number of Units = ($7.85 * Number of Units) + $1,220

Rearranging the equation gives:

$13.50 * Number of Units - $7.85 * Number of Units = $1,220

Combining similar terms we have:

$5.65 * Number of units = $1,220

Dividing both sides of the equation by $5.65, we find:

Number of units = $1,220 / $5.65

Number of units ≈ 216.81 (rounded to nearest whole number)

At this point, the revenue from the sale of 217 units will equal the total cost incurred, resulting in neither a profit nor a loss. This break-even analysis helps Priest and Sons determine the minimum number of units they need to sell to cover their costs and break even.

For more such questions on breakeven ,

https://brainly.com/question/21137380

#SPJ11

Answer:

Call payoff = Max [0, Stock price - Strike price]

Call payoff = Max[0,25-20]

Call payoff = 5

Put payoff = Max[0, strike price - stock price]

Put payoff = max[0,20-25]

Put payoff = 0

Strike price = K = 20

Stock price​ = S = 25

interest rate = 10% = 0.1

Time to expiry = T = 3 months = 3/12 = 0.25

Put call parity: C + K*Exp(-r*T) = P + S

C = P + S​ - K*Exp(-r*T)

Call = 3 + 25 - 20*exp(-0.1*0.25)

Call = 28 - 19.5062 =

Call = 8.4938 > 3

So, yes there is an arbitrage . Implied value is 8.4938 but trades at 3.00; Call option is trading cheap hence we should buy more call options.

Answer:

$69,300

Explanation:

Calculation for her gross income from the annuity payments in the twenty-fourth year

Using this formula

Gross income Annuity payment =Annuity retirement benefits*Number of month in a year

Let plug in the formula

Gross income Annuity payment =$5,775× 12 payments

Gross income Annuity payment = $69,300

Therefore her gross income from the annuity payments in the twenty-fourth will be $69,300

As a result of the decrease in interest rates, Option B. The market will experience more demand, and the price of houses will go up.

The demand for houses will go up and housing prices will increase, causing individuals who were on the fence about buying a house to act swiftly before prices rise too much. As a result, housing sales are expected to surge. Lower interest rates, on the other hand, are often linked to increased borrowing and spending in the economy. Because borrowing money is now less expensive, more people are more willing to do so and the money supply in circulation rises.

The decrease in interest rates could cause more individuals to be more willing to purchase a home due to lower interest rates and more affordable mortgage payments. Lowering interest rates for banks and home mortgages, as well as lowering the cost of borrowing, encourages more people to buy houses, resulting in a greater demand for homes and, in turn, driving up the prices of homes.

As a result, option B is correct: the market will experience more demand, and the price of houses will go up. Therefore, the correct option is B.

The question was incomplete, Find the full content below:

Juan is always researching different investment options. A few weeks ago he noticed some nice homes for sale in his neighborhood. The listed prices were below market value. Today on the news he heard that the Federal Reserve lowered interest rates for banks and that banks have lowered interest rates for home mortgages in turn. As a result, there has been a huge boom in the number of people purchasing homes. What is most likely to happen as a result of the change in interest rates?

A.  Housing prices will go up and down due to changing fiscal policy.

B. The market will experience more demand and the price of houses will go up.

C. The price of houses will go down in response to the decreased demand.

D. The prices for homes in that area will be stable due to the new monetary policy.

Know more about Interest rates here:

https://brainly.com/question/29415701

#SPJ8

Bookkeeping can be done in small business by following these procedures:

The  book-keeping is very essential in business because it  keep a complete as well as  accurate record of all the financial transactions.

This is been done in  in a systematic orderly and  logical manner, by following the steps above the business can be improved.

Find out more on Bookkeeping at https://brainly.com/question/25572872

#SPJ1

Answer:

When enterprises behave as good citizens, they are showing their responsibility towards society as a whole. This includes responsibility towards the environment, the local community, employees, customers, and other stakeholders. It involves acting in an ethical and socially responsible manner, beyond just making profits. Good corporate citizenship includes activities such as promoting sustainability, supporting local causes and charities, treating employees fairly, and being transparent and accountable in business practices. Ultimately, good corporate citizenship is about making a positive impact on society and being a responsible member of the community.

Explanation: