1. **Journal entry for Noll's withdrawal assuming Lane and Miles purchase Noll's equity:**
Withdrawal of Amber Noll:
Cash (To pay Noll's equity) $34,000
Julie Lane, Capital $17,000
Sara Miles, Capital $17,000
Explanation: In this scenario, Lane and Miles agree to purchase Noll's equity. Each purchaser pays $17,000 from their personal assets. The total cash paid to Noll is $34,000, with $17,000 contributed by each partner (Lane and Miles). As a result, Noll is withdrawn from the partnership.
2. **Journal entry for Noll's withdrawal assuming Miles purchases all of Noll's equity:**
Withdrawal of Amber Noll:
Cash (To pay Noll's equity) $35,000
Sara Miles, Capital $30,000
Gain on Withdrawal $5,000
Explanation: In this scenario, Miles agrees to purchase all of Noll's equity by paying $35,000 in cash from her personal assets. As a result, Noll is withdrawn from the partnership, and Miles' capital increases by the amount of Noll's equity. There is a gain on the withdrawal of $5,000, which represents the excess of the purchase price over Noll's capital balance.
3. **Journal entry for Noll's withdrawal assuming Lane purchases all of Noll's equity:**
Withdrawal of Amber Noll:
Cash (To pay Noll's equity) $25,000
Julie Lane, Capital $30,000
Loss on Withdrawal $5,000
Explanation: In this scenario, Lane agrees to purchase all of Noll's equity by paying $25,000 in cash from her personal assets. As a result, Noll is withdrawn from the partnership, and Lane's capital increases by the amount of Noll's equity. There is a loss on the withdrawal of $5,000, which represents the difference between Noll's capital balance and the purchase price paid by Lane.
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Suppose the Mexican economy starts at r2 and e2. Which of the following new equilibrium is consistent with capital flight?
Let's assume that the Mexican economy begins at r2 and e2. Capital flight is supported by the new equilibrium represented by r3 and e1.
What is equilibrium?Many instances of equilibrium include a book that is open and at rest. a vehicle that is going steadily. a chemical process where both the forward and backward rates of reaction are equal. When all of the forces acting on a body are perfectly balanced, the body is said to be in equilibrium and does not move. An object is considered to be in a condition of equilibrium when all the forces acting on it are in balance. A thing is in an equilibrium state when it is at rest.All forces acting on the body must balance out with an equal and opposing force for equilibrium to exist.To learn more about equilibrium, refer to:
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Question 14 (2 points)
Which career cluster involves hands-on occupations and possibly working outside?
Investigative
Realistic
Enterprising
Conventional
Answer: Enterprising
Explanation: Hands-on jobs are occupation that requires little education, it relate to the practice of learning from experience on the job rather than reading and learning from books. The career cluster of hands-on occupation includes; technicians, plumbers, woodwork, hygiene and catering workers etc.
Enterprising is characterized by great imagination and initiative with energetic to carry out work . Enterprising best fit hands-on career cluster.
Explain two ways in which mohammad could increase added value
The 2 ways in which where Mohammed could increase the added value of his company includes:
He could introduce new products and could modernize appearance and equipment in his coffee shop.He could start making cakes and pastries for special occasions like birthdays and weddings.What is an Added value?It refers to the profit that stays in the company as a difference between the total amount earned from sales and the total amount spent for production.
If such company's expenses for each product or service are higher then its price, then it is not going to have any added value. For instance, when company sells postcards for 5 dollars. In the same time, costs for making one postcard are 3 dollar. Added value = = 5 dollar - 3 dollar = 2 dollar.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Why is creative thinking important to generate business ideas?
Answer: Creative thinking is necessary for business problem-solving.
Explanation: The skill of creative thinking is a helpful skill because it teaches workers/business owners to find opportunities and ways to improve something even if the situation is challenging. This also lets the person face a problem or situations by a different view. I hope this helped!
a data warehouse is concerned with historic data and snapshots while oltp databases are typically concerned with current data only.True or False?
True, a data warehouse is concerned with historic data and snapshots, while OLTP (Online Transaction Processing) databases are typically concerned with current data only.
Data warehouse is a management system storing large amounts of data mainly relating to business analytics. Data warehouses store large amounts of historical and aggregated data from various sources, making it suitable for analysis and reporting. OLTP databases, on the other hand, focus on real-time transaction processing and maintaining up-to-date information for operational activities.
Hence, the given statement is true to its facts.
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Is joining and surface treatment in manufacturing production secondary processes or not? If not what its classification
Joining and surface treatment are considered secondary processes in manufacturing production as they are performed after the primary processes to add specific characteristics or features to the product.
In manufacturing, processes are generally categorized into primary and secondary processes. Primary processes involve the actual transformation of raw materials into the desired product, such as casting, forging, machining, or forming. These processes directly shape the material and create the basic form of the product.
On the other hand, secondary processes are those that are performed after the primary processes to further enhance or modify the product. Joining and surface treatment fall under this category.
Joining processes involve the joining or welding of different components or parts together to create a unified product. This can include techniques like welding, soldering, adhesive bonding, or mechanical fastening.
Surface treatment processes, as the name implies, are aimed at modifying the surface of the product to improve its appearance, functionality, or durability. This can include processes like painting, plating, coating, polishing, or heat treatment.
Therefore, Joining and surface treatment in manufacturing production are classified as secondary processes.
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5. Now create your production possibilities curve, based on the information in the table you just filled out. Use the chart shown as a model, but note that your numbers and your curve will be different. Depending on the numbers you wrote in your table, your "curve" may even look more like a slant. (2 points)
Two units—blankets and socks—are depicted in the production possibilities curve model. However, in relation to another illustration, coffee and sugar.
What is production possibilities curve?
A production possibility curve essentially depicts two items graphically. The "production possibility frontier" is another name for PPC.
Underutilization of resources and technology is demonstrated by the production possibilities curve model. One unit is added while another is sacrificed on the production possibilities curve. Levels are displayed at various places.
The PPC is a useful tool for demonstrating the ideas of scarcity, opportunity cost, efficiency, and economic development and contraction. The downward slope of the concave shaped.
As a result, production possibility curve model is two different commodities such as sugar and coffee.
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A company is raising capital for expanding the company. The capital will be raised by means of the following financial sources: a)Bond: R450,000 b)Common stock issue: R300,000 c)Retained earnings: R1,200,000 d)Short-term debt: R550,000
In the given financial sources to raise capital for expanding the company, the one that is not a long-term source of finance is Short-term debt: R550,000. (option.d)
Short-term debt refers to borrowing money that must be repaid within a year or less than a year. It is a quick and efficient way to obtain working capital for a company. Examples of short-term debt include lines of credit, bank loans, and commercial paper. These are considered short-term debt because they have a maturity of one year or less.
Bonds and common stock issue are examples of long-term sources of finance that help businesses acquire funds for a longer period of time. These sources are used to finance capital expenditures such as buying fixed assets, equipment, or acquiring other businesses.
Retained earnings is the profit that has been earned by the company in the past and has not been distributed to shareholders in the form of dividends. Companies can use retained earnings to finance expansion projects, pay off debt, or acquire other companies.
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Which TCF checking account fee is the most expensive?
Answer:
Explanation: it’s o stop payment fee
to maximize economic surplus, keep increasing output as long as
Answer:Therefore, total surplus is maximized when the price equals the market equilibrium price. In competitive markets, only the most efficient producers will be able to produce a product for less than the market price. Hence, only those sellers will produce a product
Explanation: i no it
For augment economic surplus, continue to increment yield insofar as total surplus is expanded when the cost rises to the market harmony cost.
What is Economic Surplus?Economic surplus is determined by consolidating the surplus advantage that is capable by the two purchasers and makers in an economic exchange.
Surplus relates to products as well as to monetary components, like benefit, income, and capital. Albeit this probably won't give off an impression of being an issue, something like benefit surpluses prompts expanded charge rates, and that additional duty cash might have been contributed somewhere else.
A surplus of capital focuses to the way that the financial backer, entrepreneur, or pioneer put a lot of cash into the organization or task, considering squandered money to be a normal outcome. In economics, the idea of surplus is generally found in the term spending plan surplus. This ordinarily alludes to situations where state run administrations have supported all their set projects and have cash left over subsequently.
Therefore economies actually take a stab at an economic surplus because of the conviction that overflow is superior to shortage.
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When brainstorming with others to solve problems, one advantage is being able to
Answer:
one advantage would be, being able to debate with other people if the answer,is correct
Sally earned a 10 percent increase in her salary and received the entire increase at the beginning of the year, with the stipulation that she would not leave the company in that year. Five months later, she quit her job and went to work for a competitor. She had to return the 10 percent payment she had received because she had violated a rule for:_________
A) lump-sum salary increase.
B) profit-sharing.
C) commission.
D) employee benefit.
E) wage compensation.
Answer:
A) lump-sum salary increase.
Explanation:
Since in the question it is mentioned that Sally earned an increase of 10% in her salary and received an overall rise at the starting of the year in case that she do not leave the company.
Now after five months she quit a job, work for a competitor due to which she had to pay back the 10% payment as she break the rule of increase in lump sum salary
Therefore the correct option is A.
Some banks pay interest only on the minimum or smallest balance on deposit during an interest period. Helen Lamb had a balance of $783 in such an account on July 1. Annual interest is 2.7% compounded quarterly. She withdrew$170 on August 17 and deposited $200 on September 12. What was Helen’s minimum balance during the quarter?
Helen's minimum balance during the quarter was $613.
What is Minimum Balance in Account?According to the terms and conditions of the account agreement, a customer is required to keep the smallest amount of money in their account for a predetermined amount of time. This amount is known as the minimum balance in an account. Depending on the type of account and the bank's policies, the minimum balance can be set at a certain amount or it can change.
Plugging in the values, we get:
A = 783(1 + 0.027/4)^(4*(3/12))
A ≈ $791.13
So the balance at the end of the quarter, before the deposit, was about $791.13.
Next, we need to figure out the impact of the withdrawal and deposit:
August 17: Helen withdrew $170, leaving a balance of $783 - $170 = $613.
September 12: Helen deposited $200, bringing the balance to $613 + $200 = $813.
We can conclude that the minimum balance was $613 because the balance on July 1 was higher than the estimated balance at the end of the quarter, which was $791.13.
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Why did Prewitt feel it was important to create her business?
A
She believed many young black girls could use encouragement and inspiration.
B
She believed most of the box services for young black girls were not focused on change.
C
She believed it would give her a way to spend more time with the young children in her family.
D
She believed she needed to earn more money in order to pay for food and groceries in college.
How do budget deficits add to the national debt?
Answer:
They are spending more than what they have in the Federal budget causing the national debt to increase.
Explanation:
A government budget is considered to have a 'deficit' if the amount of money required to pay for all government programs is more than the amount of money that they have in their disposal.
When this situation happen, the government typically have two options. First is to increase the tax rate that the citizens have to pay in order to increase their budget. The second is they can borrow the required difference from another country. This what cause the increase in the national debt.
Next O Cover Letters and Résumés: Mastery Test
1
Select the correct answer.
Josita is preparing a résumé for a job teaching graphic design at a high school. She wants to list the software programs she has learned. In what
section of her résumé should Josita include these programs?
OA honors
OB. activities
OC. skills
OD. experience
Reset
Submit Test
Next
If Josita is preparing a résumé for a job teaching graphic design at a high school. She wants to list the software programs she has learned. The section of her résumé that Josita should include these programs is: C. skills.
What is skills?Skills can be defined as the ability a person or an individual possess when it comes to performing or carrying out tasks. A person can tend to possess inbuilt Skills or acquired skills they known will be of important to them.
Based on the scenario the software programs was the skills that Josita acquired because she learned it, the software program should be included as part of the skills she possess in her resume as this will enables are employer to know the skills she possess.
Therefore If Josita is preparing a résumé for a job teaching graphic design at a high school. She wants to list the software programs she has learned. The section of her résumé that Josita should include these programs is: C. skills.
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Bina Co. purchased a machine on January 1st for $15,000 and estimates it will use the machine for three years with a $3,000 salvage value. Bina estimates that they will produce 1,500 units during year one, 1,000 units during year two, and 1,250 units during year three. Using the units-of-production method, compute the machine's second year depreciation expense.
The machine's second year depreciation expense is $3,200.
Depreciation is a method that is used to expense the cost of an asset. The units-of-production depreciation method determines the depreciation expense based on the units of goods that the machine produces in a given year.
Unit of production depreciation expense = (unit of goods produced in year 2 / total units the machine can produce) x (cost of the asset - salvage value)
Total units the machine can produce = 1500 + 1250 + 1000 = 3750
(1000 / 3750) x ($15,000 - $3,000) = $3,200
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Help please!
Choose $10,000 in investments for the long-term using stocks, bonds and/or mutual funds—choosing what makes a good “team”!
Explain why you selected your portfolio and why your selections make a good “team”.
Describe your reasons these will make good long-term investments.
Stocks provide high returns, bonds provide secure returns, while mutual funds provide average returns.
Which long-term investment option—stocks vs. mutual funds—is preferable?Stocks or mutual funds will be a superior investment for your portfolio depending on your unique objectives and level of risk tolerance. Because of the importance of diversification and decreased risk, utilizing mutual funds for a long-term retirement portfolio can make sense for many individuals.
Because it exposes investors to a variety of stocks, a mutual fund provides diversity. A mutual fund is recommended over owning individual stocks since individual stocks carry higher risk than do mutual funds. The term for this type of risk is unsystematic risk.
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Documents of Trade
Fill in the blanks.
A customer sends a/an __________ to a trader asking for a/an __________ , which
gives details of the goods on offer. The customer then studies the __________and places a/an __________. When the goods are sent a/an __________ may be sent with them followed by the __________, which shows the amount owed.
Words: Letter of Enquiry; Quotation; Order; Delivery note; Invoice; Statement of Account; Receipt; Credit Note
Answer:
Here's ur answer
Explanation:
letter of enquiryQuotationreceiptorderdelivery notecredit noteHope it's helpful.. if so mark me as brainlist n thank me also
what multiplication do you do to convert currency
Explanation:
you multiply by the exchange rate.
Indicate the point where a monopoly will set its price.
Answer:
A monopoly will set its price at the point where marginal cost and marginal revenue intersects or meet (MC = MR).
Explanation:
A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. Thus, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.
For example, a public power company that serves as the only power utility (electricity) provider to the public.
Generally, a monopoly will set its price at the point where marginal cost and marginal revenue intersects or meet (MC = MR). This is simply because a monopoly would derive the maximum profit at the point where MC = MR.
Answer:
The dot where green and red meet.
Explanation:
explain the importance of an office for the successful functioning of organisation ? (Long question answer)
Answer:
An office is a location the management of a business can use for the planning, organization, control, direct, and recruit staffs for a business. An office is the place information records are kept and it is used as the channel through which the business makes communication with other businesses, individuals and the public.
The smooth operations of an organization requires the availability of an office as it is the place the business activities are performed
An office is as important to an organization as the brain is to the body of a living organism
Explanation:
One major reason countries trade with one another is to:
A. increase their comparative advantages.
B. secure access to natural resources.
C. limit foreign influence on their economies.
D. avoid becoming too economically specialized.
SUBMIT
Answer:
B.
Explanation:
One major reason countries trade with one another is to secure access to natural resources. Thus the correct answer is B.
What is trade?Trade refers to buying and selling of goods and services with the objective to do business to earn profit. This trade can be done with individuals, organizations, and countries.
Countries trade with one another to exchange good thoughts and culture with better advancements in technologies and to secure access to natural resources.
Other countries have good economies of scale with policies of the government that are flexible to implement which helps the host country to outsource cheap labor to maintain the demand for supply.
Trading with other countries allows the host countries to gain currency exchange which helps to strengthen the economy of the country and achieve greater profit.
Therefore, option B is appropriate.
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Which of the following is the last section on most job applications?
References
Personal Information
Signature
Job-related questions
Signature this is to clarify and confirm who the person is thats writing the application
The following is the last section on most job applications: Signature. Thus option (C) is correct.
What is job?A job is a type of employment where a person works in exchange for payment or compensation. Jobs can come in various forms, including full-time, part-time, temporary, freelance, and contract work.
The tasks and responsibilities of a job vary depending on the industry, company, and position, but generally involve using one's skills and knowledge to complete assigned tasks or projects.
Jobs can be found in various sectors, including healthcare, finance, education, technology, and manufacturing, digital marketing and digital gaming among others at national and international level.
The Signature is the last section on most job applications. Therefore, option (C) is correct.
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Which of the following food systems career opportunities has the highest job growth rate?
butchers
chefs
food scientists
bakers
80-85% of the world's natural vanilla is supplied by Madagascar, an island nation off the coast of Africa. Linda read a recent article online in one of the main ingredients for the ice cream that she and Cathal will produce in 'Sligo Scoops'. (i) What effect will a shortage of vanilla have on each of the following:
The price of vanilla:
Answer:
Climate change, crime and speculation mean the price of the fragrant spice has skyrocketed from $20 a kilo five years ago to $515 now.
(T/F) All processes and functional areas participate in the reengineering efforts of a firm.
The given statement "all processes and functional areas participate in the reengineering efforts of a firm" is True because all processes and functional areas must participate in the reengineering efforts of the company to ensure that the reengineering process is effective and efficient.
Reengineering is a way to rethink the company's process and improve them, so it is essential that every aspect of the firm's operations must be involved in the reengineering efforts. The process of reengineering involves all areas of the company, from upper management to the shop floor. Reengineering is a fundamental part of a company's growth and improvement strategy, and it involves analyzing current processes and identifying areas for improvement. To remain competitive in today's global economy, firms must continuously reengineer their processes to remain cost-effective and competitive.
The process of reengineering must begin with a clear understanding of the organization's objectives and goals. Once objectives have been identified, it is necessary to examine the processes and functions that support the organization's goals. All processes and functional areas must participate in the reengineering efforts of the company to ensure that the reengineering process is effective and efficient. Therefore, the given statement is true.
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notes receivable (face value) 430,000 tax rate 30% note receivable information: term of the note 8 years coupon rate 1.2% market rate 5.6% the note is due in equal annual payments of principle and interest. incorrect income statement, for the year ended december 31, 20x1 sales $1,832,200 interest revenue 5,160 cost of goods sold 826,300 expenses 657,800 pretax income 353,260 tax expense 105,978 net income $247,282 what is the fair value of the notes receivable (and therefore fair value of the sale) at the time of the transaction?
The Fair value of the notes receivable (and therefore the fair value of the sale) at the time of the transaction is $430,000.
The fair value of the notes receivable is the present value of the future cash flows from the notes, discounted at the market rate. In this case, the notes receivable have a face value of $430,000 and a term of 8 years. The coupon rate is 1.2%, which represents the interest payment on the notes.
To calculate the fair value, we need to discount the future cash flows using the market rate of 5.6%. The future cash flows consist of the annual payments of principal and interest over the term of the note.
Since the note is due in equal annual payments of principal and interest, we can calculate the present value of these cash flows using the market rate. The fair value of the notes receivable is the sum of the present values of the cash flows.
Given the information provided, the fair value of the notes receivable (and therefore the fair value of the sale) at the time of the transaction is $430,000. This means that the sales amount reported on the income statement reflects the fair value of the notes receivable at the time of the transaction.
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Which type of consumer products and services are purchased less frequently, with consumers carefully comparing competing products in terms of suitability, quality, price, and style?.
Consumers closely compare rival products in terms of compatibility, quality, price, and style when making less frequent purchases of goods and services.
A product is anything that can be supplied to a market in order to satiate a customer's need or desire. In marketing, a product is an item, system, or service that is made accessible for consumer usage in response to consumer demand. Products are sometimes referred to as merchandise in the retail sector, and they are purchased as raw materials in the manufacturing sector before being sold as finished goods. A form of product that is also considered is a service. In project management, products are the formally defined project deliverables that include or assist in achieving the project's goals.
Although raw materials like metals and agricultural products are typically considered commodities, anything that is readily available on the open market can also be considered a commodity.
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