K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $45,000 of personal cash to the partnership. Rosen owns land worth $10,000 and a small building worth $75,000, which she transfers to the partnership. Toso transfers to the partnership cash of $10,000, accounts recevable of $27,000 and equipment worth $14,000. The partnership expects to collect $24,300 of the accounts receivable.
Prepare the journal entries to record each of the partners' investments. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation Debit Credit
(To record investment of Decker.)
(To record investment of Rosen.)
(To record investment of Toso.)
What amount would be reported as total owner's equity immediately after the investment?
Total owner's equity$_______

Answers

Answer 1

Answer:

to record Decker's investment:

Dr Cash 45000  

    Cr Decker, Capital 45000

to record Rosen's investment:

Dr Land 10,000  

Dr Building 75,000  

    Cr Rosen, Capital 85,000

to record Toso's investment:

Dr Cash 10,000  

Dr Accounts Receivable 27,000  

Dr Equipment 14,000  

    Cr Allowance for Doubtful Accounts 2,700

    Cr Toso, Capital 48,300

total owners' equity = $178,300


Related Questions

In the Response-Ability Axis handout, speaking with immediacy means moving towards what

Answers

In the context of the "Response-Ability Axis" handout, speaking with immediacy means moving toward the present moment and addressing the current situation or issue directly.

Speaking with immediacy entails actively engaging in the here and now, expressing thoughts, feelings, and observations in a timely manner. It involves communicating openly and honestly about what is happening, without delay or avoidance. This approach allows for effective and efficient communication, as it reduces misunderstandings and promotes a clear understanding of the present reality.

When individuals speak with immediacy, they demonstrate a willingness to address concerns or conflicts promptly, without letting them linger or escalate. It fosters open dialogue, enables timely problem-solving, and promotes accountability and responsibility in communication.

Speaking with immediacy also facilitates effective feedback and constructive conversations. It allows individuals to provide timely input, share their perspectives, and express their needs or concerns in a timely manner. This promotes a culture of open communication, collaboration, and growth, as issues can be addressed promptly and necessary adjustments can be made.

Overall, speaking with immediacy means moving toward the present moment, actively engaging in communication, and addressing the current situation directly. It supports effective and efficient communication, facilitates problem-solving, and promotes a culture of openness and accountability.

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Tasbet Company reported net income of $ 360 comma 000 for the current year. Included in the computation of net income​ was: Depreciation expense $ 70 comma 000 Amortization of a patent ​32,000 Income from an equityminusmethod investment 31 comma 000 Dividends received on equityminusmethod investment 0 Amortization of a bond discount 17 comma 000 Paid a dividend on preferred stock ​80,000 What is the amount of net cash provided by operating activities that would be reported as a result of these​ transactions?

Answers

Answer:

$448,000.00

Explanation:

net cash flow provided by operating activities=net income+depreciation expense+amortization of patent+amortization of bond discount-income from equity investment

net income is $360,000

depreciation expense is $70,000

amortization of patent is $32,000

amortization of bond discount is $17,000

income from equity investment is $31,000

dividend paid to preferred stock is excluded since it relates to financing activities of Tasbet Company

net cash flow provided by operating activities=$360,000+$70,000+$32,000+$17,000-$31,000=$448,000.00  

_Case Study_ -
*Factors for effective communication*

Nalisiwe is a community development facilitator. She wanted to help young people in her community by starting a support group. She asked a community leader to call a meeting for youth. The community leader called the meeting and asked youths to bring their identity documents to the meeting so that they may register for the project. Because the young people had been asked to bring their identity documents to the meeting, many youth came to the meeting, thinking that the meeting was about applying for a Job. Those who did not have identity documents did not attend the meeting. The youth were very frastrated when they heard that there were no Jobs on offer, and that the meeting was to discuss setting up a support group for youth.

Nalisiwe was frastrated because she felt that the community leader may have had other political intentions in asking the youth to bring their identity documents.

Questions:

1. What can you tell about the mental make - up of Nalisiwe?
2. What were the needs of the audience (the youth)?
3. What were the circumstantial Demands that influenced the communication?
4. How could Nalisiwe and the community leader have been clearer about the purpose of the meeting when they sent out the invitation to the youth?
5. The identity document became a distraction and a symbol for something different than what was intended. How could they have avoided this ambiguity?
6. How could Nalisiwe have worked towards a shared goal, despite the initial misunderstanding abou

Answers

1. Based on the given information, we can infer that Nalisiwe is a proactive and well-intentioned individual who is passionate about community development. She has a clear vision of helping young people in her community and is determined to start a support group for them. However, she may also be feeling frustrated and disappointed due to the misunderstanding that occurred during the meeting.

2. The needs of the audience (the youth) were initially misinterpreted due to the lack of clarity in the meeting invitation. They were looking for job opportunities and saw the meeting as a chance to apply for jobs. Their primary need was employment and the prospect of improving their livelihoods.

3. The circumstantial demands that influenced the communication include the community leader's involvement in organizing the meeting and the way the invitation was communicated. The request to bring identity documents created confusion and led the youth to believe that the meeting was about job applications.

4. To be clearer about the purpose of the meeting, Nalisiwe and the community leader could have clearly stated in the invitation that the meeting was for discussing the establishment of a support group for youth and not for job applications. They could have emphasized the importance of youth participation and highlighted the benefits and objectives of the support group.

5. To avoid the ambiguity surrounding the identity documents, Nalisiwe and the community leader could have explicitly stated that bringing identity documents was not a requirement for the meeting. Instead, they could have focused on conveying the purpose and benefits of the support group, addressing the specific needs and concerns of the youth, and highlighting opportunities for personal growth and community involvement.

6. Despite the initial misunderstanding, Nalisiwe could have worked towards a shared goal by actively engaging with the youth, listening to their concerns, and adapting the support group's objectives to address their needs. She could have facilitated open and transparent communication, clarified any misconceptions, and reassured the youth of the benefits and opportunities the support group could provide. Building trust and maintaining effective ongoing communication would be crucial in aligning everyone towards the shared goal of empowering and supporting the youth in the community.

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Which of the following positions refers to a functional manager?
A. Chief executive officer
B. Purchasing manager
C. Manager, Office Equipment Division
O D. Vice President, Latin American Operations

Answers

The functional manager is the individual with management authority within a business unit or department .  Hence Option B is correct .

What is Functional  Manager ?

who has direct supervision over one or more team members and/or direct accountability for the functions impacted by or affecting project or program deliverables. Hence option B is correct .

Many of the many functions are combined and managed by a manager when an information systems organization grows larger. These functional managers oversee the personnel particular to their role and answer to the CIO.

An organization's functional roles, such as those of a manager, director, or vice president, define a set of abilities and tasks that are normally carried out by a department inside the company. The organizational structure of an organization establishes functional responsibilities. These roles inside that department have resources assigned to them.

A  practical A manager is in charge of a specific functional area within an organization, like a team or department. They are in charge of organizing, controlling, and supplying resources for initiatives.

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Swapna owns a small flower shop. Which is the best example of
O Sell flowers to individuals and businesses.
Bring a little joy into everyday life.
O Serve people in need of fresh flowers.
Encourage staff to work toward a single goal

Answers

A little flower business is owned by Swapna. This is the finest illustration of marketing flowers to both people and companies.

Small companies are often either service providers or retail establishments like pharmacies, grocery shops, and small manufacturing facilities.

The operation of a flower shop may be quite lucrative. You'll start to notice a lot more money in your bank account after you understand pricing, and realize the benefits of cost management, master marketing, and master sales.

Although the term "florist" can also refer to someone who produces flowers for cutting, it is most frequently used to refer to the owner or manager of a flower business. A florist is someone you should consult whether designing bouquets for a wedding or purchasing flowers for a sick friend.

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2020 quantity
cost
PRICE
2021 quantity
cost
PRICE
Brocoli Cauliflowe Carrots
100
200
50
75
1.5
80
120
1.5
75
2
75
225
3
300
500
50
0.1
500
100
0.2
100
325
475
CPI base year 2020
100
146.154
46%
Inflation rate

Answers

The inflation rate can be calculated using the Consumer Price Index (CPI) formula, which measures the change in the price of goods and services over time. In this case, the base year is 2020, and we want to calculate the inflation rate for 2021.

First, we need to calculate the CPI for 2020 and 2021:

CPI 2020 = (1001.5) + (2002) + (503) = 500

CPI 2021 = (751.5) + (1201.5) + (2253) = 975

Next, we can use the formula to calculate the inflation rate:

Inflation rate = ((CPI 2021 - CPI 2020) / CPI 2020) x 100%

Inflation rate = ((975 - 500) / 500) x 100%

Inflation rate = 95%

Therefore, the inflation rate between 2020 and 2021 is 95%.

The advantage of using a safe deposit box at a financial institution is that it is protected by the financial institution’s security system, which usually provides greater protection than the security systems of a private home. Group of answer choices False True

Answers

Answer:

True

Explanation:

The biggest advantage of keeping deposits at financial institutions is that they receive more protection in comparison to the security systems of a private home. Hence, the given statement is true.

What is a financial institution?

Also known as the banking institutions, financial institutions or FI is a kind of business entity that provides and deals in various types of financial monetary transactions. Basically, a financial institution is a company that deals in the activities such as deposits, loans, investments, and currency exchange. The customers of these institutions are the individuals and businesses who need them.

There are some common types of financial institutions, they are commercial banks, brokerage firms, insurance companies, and investment banks. In the given types of institutions, there are sub-categories also. They are central banks, retail and commercial banks, internet banks, credit unions, savings, and loans associations, investment banks, and many more.

Thus, the given statement is correct.

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Which of the following statements is true with respect to a company's control
environment? (Check all that apply.)
A. One of the greatest control strengths is the dishonesty of
employees; one of the greatest control weaknesses is the honesty
of employees.
B. Management should assign authority and responsibility for goals
and objectives to departments and individuals and hold them
accountable for achieving them.
C. An involved board of directors represents shareholders and
provides an independent review of management that acts as a
check and balance on their actions.
4
D. An overly complex or unclear organizational structure is not an
indication of possible serious problems in an organization.
Submit

Answers

Answer:

b

Explanation:

The main objective of an organisation is to achieve organisation goal.For the organisation goal to be achieved,the organisation must have passed through the objectives of management which are planning,organising,controlling and controlling.A good proper planning by an organisation is to give thier employee thier role in achieving organisation goal,control the staffs when needed, when things needs to be controlled.lack of planning might lead to the failure of the organisation goal.

reflection about simulation in second day and third day

Answers

Simulation is the process of imitating the operations of a real-world system or process over time. It is usually used to analyze the behavior of complex systems and can provide useful insight into how the system will behave under different circumstances.

The second and third days of the simulation were quite interesting. During this time, we were able to put into practice some of the concepts we had learned during the previous days of the simulation. We were able to work as a team and coordinate our efforts to achieve the desired outcome.

One of the things I noticed during this time was how important communication is when working in a team. It is vital to be able to communicate effectively with other team members to ensure that everyone is on the same page and that the project is progressing smoothly.

We were able to learn from our mistakes and adjust our strategies accordingly. This was a valuable experience as it helped us to develop our problem-solving skills and taught us how to be adaptable and flexible in the face of changing circumstances.

Overall, I found the second and third days of the simulation to be a great learning experience. It provided us with an opportunity to put into practice the skills and concepts we had learned during the first day of the simulation. We were able to work collaboratively as a team and learn from each other's strengths and weaknesses. I believe that the simulation has helped me to become a better problem solver and a more effective team player.

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Question Instructions
- Answer all the questions provided.
- Show your calculations in detail and explain the rationale of your answers thoroughly.
- Calculators are allowed.

1. A kitchenware company asked 10 customers the number of times they used the specialty cooking equipment they bought from the company in the last month:

4 6 8 6 7 2 1 8 12 10

A) Calculate the mean number of uses in the last month.
[5 marks]

B) Calculate the standard deviation. Make sure to show your calculations.
[15 marks]


2. A drilling company has estimated a 60% chance of striking oil for their new well. A detailed test has been scheduled. Historically, 40% of successful wells have had detailed test, and 10% of unsuccessful wells have had detailed test.

A) Given that this well has been scheduled for a detailed test, what is the probability that the well will be successful? Use Bayes’ Theorem.
[10 marks]


B) Would you say that the probability of successful drilling and the probability of having a detailed test are independent? Explain your answer using probabilities.
[10 marks]


3. Answer the following questions in no more than 3-4 lines for each one:

A) Why do you think investigating sample is more efficient for statistical control than investigating an entire population?
[5 marks]

B) What sample size is large enough to assume that the sampling distribution of proportion is normally distributed?
[5 marks]


C) Can 100% confidence level be used to determine a population parameter?
[5 marks]


D) What happens to confidence intervals when the confidence level is increased?
[5 marks]





4. A company claims that the average consumer buys 50 bars of chocolate in a calendar year Suppose a random sample of 100 consumers displayed the following statistics regarding the number of chocolate bars consumed in a year: X-bar=40, S=25.

A) What are the null and alternative hypotheses to determine if the number of chocolates consumed in a year is actually more or less than 50?
[5 marks]


B) What would be the value of the test statistic in this case?
[5 marks]


C) Considering that a confidence level of 5% for a normally distributed sample corresponds to a statistic score of ±1.96, what is your inference of the outcome in (B)?
[5 marks]

D) Explain briefly what are the Type I and Type II errors.
[5 marks]


5. A research group is trying to predict the performance of students on final exams based on the amount of time students study during the year. They use the following data:

SST = 110.00
SSR = 90.25
n = 200

A) Determine the coefficient of determination r2 and interpret its meaning.
[8 marks]


B) Determine the standard error of the estimate.
[7 marks]

C) How useful do you think this regression model is for predicting the performance of students on exams by the variation of the time spent studying?
[5 marks]














































Answers

Answer:

Let x be a random variable representing the price of a Congo-imported black diamond. Let the higher price be p. Then,

P(x < p) = P(x < (p - mean)/sd) = P(x < (p - 60,430)/21,958.08) = P(z < 2)

Therefore,

(p - 60,430)/21,958.08 = 2

p - 60,430 = 2 x 21,958.08 = 43,916.16

p = 34,916.16 + 60,430 = 104.346.16

Therefore, The required price is $104,346.16

Explanation:

Why does an informal proposal seem like a contradiction?

Answers

An informal proposal may seem like a contradiction because a proposal is typically a formal document that outlines a specific plan, project, or action proposed by one party to another. Proposals are often used in business, academia, or government settings to persuade or convince the other party of the merits of the proposal.

On the other hand, informal means casual or relaxed, lacking in formality or structure. Thus, an informal proposal may appear to be an oxymoron because a proposal is expected to be structured, precise, and professional to communicate its intended goals and objectives to its audience.

However, in some cases, an informal proposal may refer to a proposal that is less structured, less in-depth, or less formal. An informal proposal may be used to introduce an idea or concept before a more formal proposal is developed. An informal proposal can also refer to an internal proposal or a proposal made in an informal setting, such as a conversation between colleagues. In these cases, the proposal may be less formal in tone and structure but still convey the main idea or concept proposed.

According to the interactionist view of managing conflict, conflict is
Group of answer choices
a result of dysfunctional managerial behavior and therefore should be stopped at the source.
a natural part of human existence and should be accepted as a normal part of relationships.
inevitable, but maintaining a degree of tension can actually be helpful in keeping a group energized and creative.
always bad and should be avoided at all costs.
Flag this Question

Answers

a natural part of human existence and should be accepted as a normal part of relationships.

What is managing conflict?Managing conflict is a process of identifying and addressing disagreements between two or more parties in a professional and respectful manner. It involves communication, negotiation, and problem-solving in order to create a mutually beneficial outcome.It is important to manage conflicts in a timely manner to prevent them from escalating and to identify any underlying causes. Listening to the other parties involved and understanding their needs and perspectives is essential for successful conflict management. Additionally, having a clear plan for resolving the conflict is important for avoiding further issues. Functions of managing conflict include creating a safe space for all parties to express their views, setting ground rules for communication, and creating an agreement that all parties can accept.

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Seedi started a business to repair computers. The following transactions are given to you for the first month of the business. 01. Invested so.sh. 5,000 as the capital 02. Obtained a bank loan of so.sh. 2,000 03. Deposited so.sh. 100 in a fixed deposit account 04. Earned a cash income so.sh.so.sh. 600 from computer repairs 05. Paid so.sh. 100 as the monthly rent of the business 06. Geedi withdrew so.sh. 200 from the business for her private use 07. Purchased equipment at so.sh. 100. 08. Paid so.sh. 500 of the telephone bill of the month. 09. Geedi invested an additional capital of so.sh. 500 10. Paid so.sh. 200 of the bank loan hove transactions to the accounting​

Answers

Seedi started a business to repair computers. The journal entry for this transaction is:

Invested so.sh. 5,000 as the capital:

Debit Cash (Asset) so.sh. 5,000 Credit Capital (Owner's Equity) so.sh. 5,000.

Obtained a bank loan of so.sh. 2,000:

Debit Cash (Asset) so.sh. 2,000 Credit Bank Loan (Liability) so.sh. 2,000.

Deposited so.sh. 100 in a fixed deposit account:

Debit Cash (Asset) so.sh. 600 Credit Service Revenue (Revenue) so.sh. 600.

The term journal entry was the first part of the Financial statement. The journal entry was the based on the debit and the credit record in the book entry. The Journal was the pro forma of the statement.

Earned a cash income so.sh.so.sh. 600 from computer repairs:

Debit Rent Expense (Expense) so.sh. 100 Credit Cash (Asset) so.sh. 100.

Paid so.sh. 100 as the monthly rent of the business:

Debit Geedi's Withdrawals (Owner's Equity) so.sh. 200 Credit Cash (Asset) so.sh. 200.

Geedi withdrew so.sh. 200 from the business for her private use:

Debit Equipment (Asset) so.sh. 100 Credit Cash (Asset) so.sh. 100.

Purchased equipment at so.sh. 100. 08. Paid so.sh. 500 of the telephone bill of the month:

Debit Telephone Expense (Expense) so.sh. 500 Credit Cash (Asset) so.sh. 500.

Geedi invested an additional capital of so.sh. 500 10.:

Debit Cash (Asset) so.sh. 500 Credit Capital (Owner's Equity) so.sh. 500.

Paid so.sh. 200 of the bank loan hove transactions to the accounting​:

Debit Bank Loan (Liability) so.sh. 200 Credit Cash (Asset) so.sh. 200.

As a result, the significance of the journal entry for this transaction is the aforementioned.

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What general attitudes towards time can you expect when doing business with India, Mexico, France, Kenya and China?

Answers

India: Business in India generally operates on a relaxed schedule and deadlines may not be strictly adhered to.

Mexico: Mexican culture values punctuality but it is not as strict as in some other countries, appointments may start a bit later.

France: In France, time is considered valuable and punctuality is expected in business meetings.

Kenya: Kenya is a fast-paced business environment, with a good sense of urgency, but deadlines may not always be strict.

China: In China, punctuality is valued, but the pace of business can be more relaxed, and deadlines may be flexible.

What are general attitude towards business?

North America: North American businesses tend to be results-oriented and focused on efficiency, with a strong emphasis on individualism.

Europe: European businesses often place a strong emphasis on work-life balance and employee well-being, as well as a strong sense of corporate social responsibility.

Asia: Business attitudes in Asia vary greatly depending on the country, but many value relationships, hierarchy, and the importance of "saving face."

Latin America: Latin American businesses tend to prioritize personal relationships and networking, with a focus on building trust and rapport.

Africa: African businesses are often characterized by a strong entrepreneurial spirit and a focus on innovation, as well as a practical, problem-solving approach.

Attitudes towards business can vary greatly within regions, and these generalizations may not always apply.

Therefore, the correct answer is as given above

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Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?

Answers

The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.

To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.

To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:

NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost

\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)

\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)

NPV = $3,913.04 + $3,537.41 - $7,800

NPV = -$350.55

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Q. A country's comparative advantage in the extraction of commodities most likely stems from its: A. high labour to capital ratio. B. large amount of natural resources. C. specialisation in capital intensive products.​

Answers

Answer:

B. large amount of natural resources

Explanation:

Comparative advantage is a country's ability to produce a product or service for a lower opportunity cost than rival countries.  Opportunity costs are the benefits given up in the extraction process. If a  country has a large amount of natural resources, it will use fewer resources in the extraction process than other countries. The trade-off costs will be so little compared to the benefits.

Other countries will find it cheaper to import from a country with large natural resources. For example, oil-rich nations have a comparative advantage in the extraction and processing of oil and oil by-products.

Gibson Cinemas is considering a contract to rent a movie for $2,200 per day. The contract requires a minimum one-week rental period. Estimated attendance is as follows: Monday Tuesday Wednesday Thursday Friday Saturday Sunday 420 340 190 570 1,030 1,030 490 Required Determine the average cost per person of the movie rental contract separately for each day. Suppose that Gibson chooses to price movie tickets at cost as computed in Requirement a plus $2.00. What price would it charge per ticket on each day of the week

Answers

Answer:

$5.78

Explanation:

Reasonable price = [(Contract cost per day*Number of days) / (Total tickets sold)] + Profit

Reasonable price = [$2,200 * 7 / (420+340+190+570+1,030+1,030+490)] + $2

Reasonable price = [$15,400/4070} + $2

Reasonable price = $3.7838 + $2

Reasonable price = $5.7838

Reasonable price = $5.78

A new graduate has taken a job with an annual salary of ​$60,000. She expects her salary to go up by​ 2.5% each year for the first five years. Her starting salary is stored in cell A4 of an Excel​ worksheet, and the salary increase rate is stored in cell B4. Construct a table with years 1 through 5 in cells​ A6:A10 and her salary in cells​ B6:B10. Write the formula for her salary in year 2​ (in cell​ B7) that can be copied and pasted correctly in cells B8 through B10.
Enter the formula you used in cell B7 ______.

Answers

Answer:

=B6*(1+$B$4)

Explanation:

Note: See the attached excel file for the table constructed as directed by the question.

The cell B6 for the salary in Year 1 is obtained by simply typing =A4*(1+B4) in cell B6; where,

A4 = Annual salary = $60,000

1 = 100%

B4 = Annual percentage salary increase = 2.5%

The cell B7 for the salary in Year 2 is obtained by simply typing =B6*(1+$B$4) in cell B7; where,

B6 = Salary in Year 2

$B$4 = Annual percentage salary increase in which the two dollar signs is obtained by placing the mouse cursor on B4 and then press F4 in order to lock the B4 for the rest of the years = 2.5%

Note that $B$4 allows 2.5% to be multiplied by salary in the previous years for each successive years 2 to 5.

By copying and pasting =B6*(1+$B$4), it will automatically changed to =B7*(1+$B$4), =B8*(1+$B$4), and =B9*(1+$B$4) to obtain salaries in years 3 to 5 respectively.

Therefore, the formula used in cell B7 is =B6*(1+$B$4).

Describe how personal goals, lifestyle, background, hobbies, interests, experience, abilities and financial
resources will impact a business.

Answers

It should be noted that personal goals, lifestyle, financial resources play a vital role in the success and growth of a business.

Experience plays a vital role in q business. When an individual has previous experience regarding a business, this will help shape the person in the right direction.

Also, having the financial resources to meet one's needs are important. Having huge finance can aid the development of one's business.

One's lifestyle and background also matter. It's important to engage in the activities that will lead to the success of the business.

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Bronco consulting statement of Cash Flows for the Month Ended August 31,
Cash flows from (used for) operating activities:
Cash received from customers

Cash paid for expenses and to creditors
Net cash flows used for operating activities
Cash flows from (used for) investing activities
Cash flows from (used for) financing activities:
Cash received from issuing common stock
Cash paid for dividends
Net cash flows from financing activities
Net increase in cash
Cash balance, August 1, 20Y1
Cash balance, August 31, 20Y1

Answers

Bronco consulting statement of Cash Flows for the Month Ended August 31, Cash flows from (used for) operating activities are:

Bronco Consulting

Statement of Cash Flows

For the Month Ended August 31, 20Y1

 Amount($) Amount($)

Cash flows from operating activities:    

Cash receipts from customers                                     31,540  

Cash payments for expenses and payments to creditors(Working note)                           -29,060  

Net cash flow used for operating activities                2,480

Cash flows from investing activities                           -  

Cash flows from financing activities:    

Cash received from issuing common                              32,180  

Cash paid for dividends                                               -8,000  

Net cash flow from financing activities                  24,180

Net increase in cash                                                  26,660

Cash balance, August I, 20YI                                    -  

Cash balance, August 31, 20YI                                  26,660

   

Working note

Rent expense                                8,700

Auto expense                        4,180

miscellaneous expense         1,930

Salaries expense                         12,900

total expense                              27,710

 

Accounts payable                         1,350

Total cash payment for an expense  

& creditors thus is 29,060

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Directions: Combine the fragments with the independent clause.
1. When Ann fell off the horse. Her entire body ached for many days.
2. It was the best movie I have seen in a long time. Since I last watched The Incredibles.
3. Until Paul gets his second dose of the vaccine. He will not eat in a restaurant.
4. Mark listens to many podcasts each night. When he can't fall asleep.
5. The popular franchise opened its doors yesterday. In our small town.
6. Walking down the sidewalk. Tom tripped over a skateboard.
7. Lilly slept soundly in the window. While I worked diligently on my homework.
8. As John types on the computer. A strange sound is heard from the keyboard.
9. Jessica lives in a small community. In a quiet lovely town.
10. Buying groceries online is difficult. When you don't pay attention to the size.

Answers

The union of at least one subject and one predicate is known as an independent clause. It conveys a full thought. For instance: The waves slammed into the sand.

What do you meant by independent clause ?Ann's entire body ached for days after she fell off the horse.Since I last viewed The Incredibles, it was the best movie I have seen in a very long time.Paul won't eat in a restaurant until he has his second dosage of the vaccination.When Mark has trouble sleeping, he listens to a lot of podcasts.Yesterday in our tiny town, the well-known chain opened its doors.Tom fell over a skateboard while jogging along the pavement.Then, as I diligently completed my homework, Lilly napped peacefully in the window.The keyboard then makes a peculiar sound when John types on the computer.Jessica resides in a little community in a peaceful, charming town.When you don't consider the size, purchasing groceries online can be challenging.

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Discuss the relationship between competition and consumer expectations.

Answers

Answer:

The relationship between competition and consumer expectations is by what the compitition is creating in terms of product and functionability. And the consumer expectation is what will help the by buying into this product.

Explanation:

How do you build and maintain a positive credit history that leads to a high credit score? What changes could you make to improve yours?

Answers

Building and maintaining a positive credit history requires responsible borrowing and timely payments. To improve your credit score, you should pay your bills on time, keep your credit utilization low, maintain your credit accounts, diversify your credit mix, and avoid applying for too many credit accounts.

A credit score is a three-digit number that reflects your creditworthiness. It indicates how well you manage your finances and repay your debts. A high credit score indicates that you are a responsible borrower and are less likely to default on your loans.

As a result, you are more likely to be approved for loans and credit cards, and you will receive lower interest rates. Here are some ways to build and maintain a positive credit history that leads to a high credit score:

Pay your bills on time: Late payments have a significant impact on your credit score. To avoid late payments, set up automatic payments or payment reminders.

Keep your credit utilization low: Credit utilization is the percentage of your available credit that you use. To maintain a good credit score, it is recommended that you keep your credit utilization under 30%.

Keep your credit accounts open: The length of your credit history is an essential factor in determining your credit score. Therefore, it is recommended that you keep your credit accounts open as long as possible and use them regularly. However, if you have too many credit accounts, consider closing the ones that you don't use.

Improve your credit mix: Having a mix of different types of credit, such as credit cards, auto loans, and mortgages, can help improve your credit score.

Therefore, if you only have one type of credit, consider adding another type to your credit mix. Avoid applying for too many credit accounts: Applying for too many credit accounts in a short period can negatively impact your credit score.

Therefore, it is recommended that you only apply for credit when you need it and space out your applications over time.

In conclusion, building and maintaining a positive credit history requires responsible borrowing and timely payments. To improve your credit score, you should pay your bills on time, keep your credit utilization low, maintain your credit accounts, diversify your credit mix, and avoid applying for too many credit accounts.

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Answer:The best way to build a credit history is to borrow responsibly and open lines of credit through credit cards, home and or car loans. Once these lines of credit are open you want to maintain timely payments monthly as well as maintaining your monthly bills, so they do not go into collections. These monthly bills are things such as utilities and medical bills. This will help establish credit history and the longer these lines are open and have on-time payments you will gain and build your credit score. You want your utilization of the credit lines to remain low, not max them out and avoid having too many open lines. Another way to protect and a healthy score to avoid too many credit inquiries especially hard inquiries.

 Some changes I would make to mine would be to pay off the accounts I have in collections, open one or two secure cards while only using a small percentage of the available credit and make the minimum monthly payment. and start making early payments to my student loans. Once I have accomplished this, I would like to finance a new vehicle and maintain on time and or early monthly payments.

Explanation:

Which business is exempt from using the accrual basis for accounting? A clothing manufacturer that has average gross annual receipts of $35 million over the last three years. An online retailer that has average gross annual receipts of $45 million over the last three years. A construction contractor who does not have any outstanding accounts receivable at the end of the tax year. A home improvement store that just began business last year and had $2.7 million in gross receipts.

Answers

Answer:

A home improvement store that just began business last year and had $2.7 million in gross receipts.

Explanation:

The IRS allows only a limited number of businesses to use cash basis accounting and in order to do so, the business must be:

Partnership or C corporation with less than $5 million in total sales revenue per yearSole proprietorship or S corporation with less than $1 million in total sales revenueCannot be a publicly traded corporationPersonal service businesses with more than 95% of revenue specifically related to services. Family owned farms with total annual sales revenue less than $25 million.

The initial cash outlay of a project is X is Rs 100,000 and it can generate cash inflow of Rs 40,000, Rs 30,000, Rs 50,000 and Rs 20,000 in year 1 through 4. Assume a 10 per cent rate of discount. Assume that a project Y requires an outlay of Rs 50,000 and yields annual cash inflow of Rs 12,500 for 7 years at the rate of 12%.​

Answers

On the net present value analysis, project Y is expected to generate a higher return on investment compared to project X.

To evaluate the two projects, X and Y, we will calculate their net present value (NPV) using the given cash inflows, discount rate, and initial cash outlay.

For project X:

The cash inflows for each year are Rs 40,000, Rs 30,000, Rs 50,000, and Rs 20,000 for years 1 through 4, respectively.

The initial cash outlay is Rs 100,000.

The discount rate is 10%.

To calculate the NPV, we discount each cash inflow to its present value using the discount rate and subtract the initial cash outlay:

NPV(X) = (40,000 / (1 + 0.10)^1) + (30,000 / (1 + 0.10)^2) + (50,000 / (1 + 0.10)^3) + (20,000 / (1 + 0.10)^4) - 100,000

Simplifying the calculations:

NPV(X) = 36,363 + 24,793 + 34,979 + 13,167 - 100,000

= 9,302

The net present value (NPV) for project X is Rs 9,302.

For project Y:

The cash inflow for each year is Rs 12,500 for 7 years.

The initial cash outlay is Rs 50,000.

The discount rate is 12%.

Using the same formula as above, we calculate the NPV for project Y:

NPV(Y) = (12,500 / (1 + 0.12)^1) + (12,500 / (1 + 0.12)^2) + ... + (12,500 / (1 + 0.12)^7) - 50,000

Simplifying the calculations:

NPV(Y) = 11,161 + 9,960 + 8,888 + ... + 3,637 - 50,000

= 11,042

The net present value (NPV) for project Y is Rs 11,042.

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What is the role of the Federal Trade Commission?

Answers

Explanation:

The fredeal trade commission protests consumers by stopping unfair, deceptive and fraudulent practices in the marketplace. We conduct investigation, sue companies, develop rules to ensure a vibrant marketplace, and educated consumers and businesses about their rights and responsibilities.

Analyze the transactions and indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity.

Answers

The purchase of the machine for $30,000 will be recorded as noncash investing and financing activities.

In accounting, statement of cash-flow is a statement that calculate the amount of cash and cash equivalents that comes and leaves the company.

The section of the statement of cash-flow are divided into the operating activities, investing activities and financing activities.

The significant noncash financing and investing activities are reported on the company's income statement.

In conclusion, the Option D is correct because the purchase of the machine for $30,000 will be recorded as noncash investing and financing activities.

Missing word includes "Purchased a machine for $30,000, giving a long-term note in exchange."

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Assume that a gourmet food manufacturer has considered renting a booth at a local mall to sell gift boxes of candy, nuts, and cookies during the holiday season. The fixed costs to rent and operate the booth would be $27,900. The unit contribution margins and sales mix anticipated by the company are as follows: Unit Contribution Margin Sales Mix Candy $1.50 50% Nuts $2.00 30% Cookies $1.00 20% What would be the weighted average contribution margin

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Do not go to the link its bad

Which word names the way the different parts of language are arranged?
Gramma
Pronunciation
Structure
Diction

Answers

Linguists have identified five basic components (phonology, morphology, syntax, semantics, and pragmatics) found across languages.

Which is the MOST LIKELY reason your auto insurance policy will be cancelled?
O You failed to pay your monthly premiums for the past 3 months.
O You have less than a 2.5 grade point average.
O You bought a really fast sports car.
O You receive your first ticket for making an illegal U-Turn.
Question 17

Answers

The most likely reason your auto insurance policy will be canceled if you failed to pay your monthly premiums for the past 3 months. The correct option is A.

The cancellation of an insurance policy is frequently caused by failure to pay premiums. In order to continue coverage, insurance companies require regular premium payments. If a policyholder frequently defaults on premium payments, the insurer may decide to cancel the policy.

For any reason, policyholders are free to revoke their motor insurance coverage at any moment. Furthermore, you are never required to terminate your policy once it has been in effect for its whole term.

Thus, the ideal selection is option A.

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