Answer:
1. The quarterly lease payments of $15,000 is calculated using the formula for calculating the present value (PV) of annuity due as shown below.
2. See the journal entries below.
Explanation:
1. Show how International Machines determined the $15,000 quarterly lease payments.
Since the quarterly rental payments of $15,000 are made at the beginning of each period, we use the formula for calculating the present value (PV) of annuity due given as follows:
FVA = P * [{1 - [1 ÷ (1 + r)]^n} ÷ r] * (1 + r) .................................. (1)
Where ;
FVA = Present value or fair value of asset = $112,080
P = quarterly lease payment = ?
r = implicit interest rate = 8% / 4 = 2%, or 0.02
n = number of quarters = 8
Substituting the values into equation (1) above, we have:
$112,080 = P * [{1 - [1 ÷ (1 + 0.02)]^8} ÷ 0.02] * (1 + 0.02)
$112,080 = P * 7.32548144049444 * (1.02)
$112,080 = P * 7.47199106930432
P = $112,080 / 7.47199106930432
P = $15,000
2. Prepare appropriate entries for International Machines to record the lease at its beginning, January 1, 2018, and the second lease payment on April 1, 2018.
Before doing this, the following are first calculated:
Lease revenue as on April 1, 2018 = ($112,080 - 15,000) * 2% = $1,942
Lease receivable as on April 1, 2018 = $15,000 - $1,942 = $13,058
The journal entries are therefore as follows:
Date Particulars Dr ($) Cr ($)
1 Jan 18 Lease Receivable 112,080
Cost of Goods Sold 85,000
Inventory of Equipment 85,000
Sales Revenue 112,080
Cash 15,000
Lease Receivable 15,500
(To record the lease at its beginning.)
1 Apr 18 Cash 15,000
Lease Revenue 1,942
Lease Receivable 13,058
(To record the second lease payment.)
What can a credit freeze accomplish that a fraud alert cannot? A credit freeze can remove any inaccurate or fraudulent information. A credit freeze can allow your credit report to be visible. A credit freeze can prevent anyone from viewing your credit report. A credit freeze can stop someone from opening an account in your name.
Answer: A credit freeze can stop someone from opening an account in your name.
Explanation:
A credit freeze accomplishes that a fraud alert cannot, is that A credit freeze can stop someone from opening an account in your name. Thus, option (D) is correct.
What is a Credit freeze?A credit freeze is the technique which enables a person to limit the sale of personal financial data identifying information by a consumer reporting agency. The consumer reporting agency's data is locked by a credit freeze until the person authorizes its release.
It is the facility provided by the agency to secure the personal financial information to kept safe and secure. It is necessary for every person to credit freeze the financial information.
Therefore, it can be concluded that A credit freeze can prevent someone from opening an account in your name, which is something a fraud alert cannot do. Hence, option (D) is correct.
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Fill in the blank with the correct response.
____ are STEM professionals who collect, analyze, and interpret data.
Answer:
to bad this isn't multiple choice
Explanation:
but it would only make sense if it were scientists. sorry if I'm wrong
From the collected data, the statistician makes use of statistical concepts to sift through large data sets, develop data interpretation and deduce relevant information from the data and present meaningful conclusion to the relevant bodies in fields such as education, manufacturing, marketing, government and healthcare.
From the collected data, the statistician makes use of statistical concepts to sift through large data sets, develop data interpretation and deduce relevant information from the data and present meaningful conclusion to the relevant bodies in fields such as education, manufacturing, marketing, government and healthcare.Biologists research, collect data and measurements, perform tests and experiments, and analyze and interpret their findings. These science professionals are required to have a bachelor's degree in biology for an entry-level position.
This chapter is all about trade--imports and exports and the balance of payments.
Local government officials would like to know if city residents are generally satisfied with the cleanliness of local
streets and recreation areas. To estimate the level of satisfaction, city officials appear on a local television morning
show, where residents are invited to share their satisfaction through an online poll. Which of the following
statements best describes the potential results from this poll?
Answer:
D. This is a voluntary response sample and is likely to underestimate the proportion of residents satisfied with the cleanliness of the area.
Explanation:
i took the quiz
This is a voluntary response sample and is likely to underestimate the proportion of residents satisfied with the cleanliness of the area.
What is survey ?A survey is a set of questions used in human subject research with the goal of gathering specific information from a certain population. Surveys can be carried out via the phone, by mail, online, at street corners, and even in shopping centers. Surveys are used to collect data or learn more in areas like demography and social research.
Survey research is frequently used to evaluate ideas, beliefs, and emotions. Surveys might have narrow, focused objectives or they can have broad, more general objectives. In addition to being utilized to satisfy the more practical requirements of the media, such as evaluating political candidates, public health officials, professional organizations, and advertising and marketing directors, surveys are frequently employed by psychologists and sociologists to evaluate behavior.
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Baltimore, MD. The line started forming at 4 a.m. By 8 a.m. there were over 3,000 people in the line snaking around Amazon's fulfillment center. Despite 85-degree heat and equally high humidity, these people were willing to stand in line for hours, just for a chance to land a job at Amazon's local fulfillment center. By the end of the day, over 4,500 job-seekers had applied for the 1,200 jobs Amazon had posted, which pay wages of around $14 an hour. Amazon held similar job fairs in 11 other cities around the nation, promising to hire as many as 50,000 new employees. Source: News accounts of August 2-4, 2017.
a. What was the apparent market surplus at the Amazon job fair?
b. If Amazon increased wages to $16 per hour, what do you predict will happen to that market surplus?
Answer:
Here the quantity demanded, that is, vacancy = 1,200 While the total number of applications for these 1,200 positions was 4,500.
Explanation:
If Amazon increased wages to $16 per hour, what do you predict will happen to that.
For each of the following, list the class intervals that would be best for a grouped frequency distribution. a. Lowest X = 3, highest X = 84 b. Lowest X = 17, highest X = 32 c. Lowest X = 52, highest X = 97
Class interval =15 is best for the grouped frequency distribution data. To make the information easier to understand, measures of variability are visual displays that organise and show frequency counts.
What is frequency distribution?Frequency tables or charts are used to represent frequency patterns. The percentage of observations or the exact number of observations that fall within each range can both be seen in frequency distributions.
Class interval =Height value -Lowest value
The breadth of each class is represented by a class interval.
(a) Given: Lowest value =3, Heighest value=84
Class interval =Height value -Lowest value =84-3=81
(b) Given: Lowest value =17, Heighest value=32
Class interval =Height value -Lowest value =32-17=15
(c) Given: Lowest value =52, Heighest value=97
Class interval =Height value -Lowest value =97-52=45
(b) Class interval =15 is best for the grouped frequency distribution data
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Suppose that because of the popularity of Jack Brown's, Aaron decides to open a third restaurant and issues another round of $10,000 one-year bonds. If the interest rate on the bond falls to 12%, the price of these new bonds is $???
12% = $10000 - X Divided by X Times 100
The price of the new bonds given the face value and interest rate is $8,928.57.
What is the price of the bonds?Bonds are debt instruments issued by a firm with the purpose of raising capital to carry out projects. The price of the bonds can be determined by discounting the face value of the bonds by the interest rate.
The price of the bonds = face value of the bonds / ( 1 + interest rate)
$10,000 / (1.12) = $8,928.57
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When governments use monetary policies to make sure most citizens can find jobs, they are pursuing the policy goal of:
A. reducing the overall money supply
B. keeping interest rates moderate
C. promoting stable prices
D. maximizing sustainable employment
Answer:
D. maximizing sustainable employment
Explanation:
Hope this helps!
The correct option is D. When governments use monetary policies to make sure most citizens can find jobs, they are pursuing the policy goal of maximizing sustainable employment.
What do mean by maximizing sustainable employment?Maximum sustainable employment (MSE) is the level of employment at which the economy might continue to operate indefinitely without, on the one hand, leaving workers who wish to work without a job and, on the other, without significantly taxing labor markets.
Maximizing employment, maintaining price stability, and maintaining reasonable long-term interest rates are the objectives of monetary policy. The Fed may foster conditions for long-term economic development and maximum employment by adopting an effective monetary policy, which will keep prices steady.
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The spot exchange rate is ¥125 = $1. The U.S. discount rate is 10%; inflation over the next three years is 3% per year in the U.S. and 2% per year in Japan.
Year 0 Year 1 Year 2 Year 3
–¥1,000,000 ¥500,000 ¥500,000 ¥500,000
NPV = $2,137.46
USE THIS INFORMATION TO ANSWER THE NEXT QUESTION
Consider a project of the Cornell Haul Moving Company, the timing and size of the incremental after-tax cash flows (for an all-equity firm) are shown below in millions:
0 1 2 3 4
–$1000 +$125 +$250 +$375 +$500
If the firm were financed entirely with equity, the required return would be 10%. What is the value of this project to an all-equity firm?
a) –$46.5
b) $46.5
c) -$56.5
d) $56.5
Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020 1. Issue $80,000 in stock 2. Borrow $65,000 from a bank 3. Receive payment of $12,000 owed by a customer 4. Pay $6,000 owed to a supplier 5. Buy $17,000 worth of manufacturing supplies on credit 6. Purchase equipment for $47,000 in cash 7. Pay $8,000 owed to a supplier What is the final amount in Cash?
Answer:
Ending cash balance = $14,196,000
Explanation:
Full question is as follow "Acme Company Balance Sheet As of January 5, 2018 (amounts in thousands) Cash 14,100 Accounts Payable 1,900 Accounts Receivable 3,200 Debt 3,600 Inventory 4,900 Other Liabilities 2,000 Property Plant & Equipment 16,300 Total Liabilities 7,500 Other Assets 500 Paid-In Capital 7,200 Retained Earnings 24,300 Total Equity 31,500 Total Assets 39,000 Total Liabilities & Equity 39,000 Update the balance sheet above to reflect the transactions below, which occur on January 6, 2018 1. Issue $80,000 in stock 2. Borrow $65,000 from a bank 3. Receive payment of $12,000 owed by a customer 4. Pay $6,000 owed to a supplier 5. Buy $17,000 worth of manufacturing supplies on credit 6. Purchase equipment for $47,000 in cash 7. Pay $8,000 owed to a supplier What is the final amount in Cash?"
Calculation of final amount in cash
Particulars Amount
Beginning cash balance $14,100
Add: 1. Cash received through the issue of stock $80
Add: 2. Cash received from the bank $65
Add: 3. Cash received from the customer $12
Less: 4. Cash paid to the supplier $6
Less: 6. Cash paid to purchase equipment $47
Less: 7. Cash paid to the supplier $8
Ending cash balance (final amount in cash) $14,196
Describe the steps that you can take in the next 6 years to prepare for retirement. Please include how this investment will be nice
when you retire.
Answer: Planning for a happy retirement involves planning, the sooner the better.
Explanation: Planning for retirement is one of the important aspects of a working professional. People can have numerous reasons to plan for retirement, hence retirement needs may vary. Before planning for retirement it is important to have an idea of how much money needs to be saved at the time of retirement.
One can start planning for retirement by reducing dependencies, and cutting down unnecessary spending. A few of the important points which must be contemplated are;
1. Medical Needs.
2. Lifestyle goals post-retirement.
3. Changing Market returns.
Planning for investment also helps build a better investment discipline.
During the Great Depression, how were the philosophies of John Maynard Keynes and other economists affected?
You, a Captain, are a section chief in Military Personnel and 2d Lt Smith’s supervisor. Lt Smith is a Force Support Officer. She has been on active duty for a year and in her present job for 10 months. She supervises 21 enlisted personnel who perform a variety of administrative tasks in support of a tactical fighter wing. She majored in business administration in college, served 3 years as an administrative specialist, and was an E-4 before being accepted for OTS. As an enlisted member, she graduated from technical school as an honor graduate and was cited on numerous occasions for outstanding performance. Her supervisors considered her a valuable asset to the unit and an expert in her area of responsibility. She’s very enthusiastic about her work and plans to make the Air Force a career.
Lieutenant Smith took over her job 2 months after the unit had received a rating of “marginal” by the numbered Air Force Inspector General’s evaluation team. At the end of her first week on the job, Lt Smith called her NCOIC and key supervisors together and told them that she wouldn’t tolerate marginal performance, that she had previous experience in this type of work, and would be looking at the quality of their work very closely. Since that time, Lt Smith has attempted to supervise every phase of work in her office and, at times, has involved herself in even the most routine decisions. Lt Smith assigns people to certain jobs within the office, plans the work schedule, leave schedule, and does most of the counseling in the office.
In the last 6 months, Lt Smith has ordered several people to work overtime to complete routine work ahead of schedule. Each time this has happened, the NCOIC has asked the lieutenant for permission to speak to her immediate supervisor. On each occasion, the lieutenant has told the senior master sergeant he must not take these internal problems to you, because she’ll take care of any problems in her section--and the NCOIC should remember who writes his EPR.
Most of the time, when Lt Smith approaches the work or break area where the workers are congregated, she notices all conversation stops and the personnel won’t talk to her unless she addresses them first. After reviewing a report yesterday, Lt Smith became very impatient. She bypassed his NCOIC and took the report directly to the Airman who had typed it. While Lt Smith was berating the Airman about the typing errors, the NCOIC walked into the office and asked the Airman what the problem was. The lieutenant became flustered, told the NCOIC she was tired of doing his job for him, and shoved the report into his hands. Lt Smith then went into her office and slammed the door.
The NCOIC relayed this situation to you and asked for your help. How will you help? BACKGROUND
*ENVIRONMENT: Airforce Base
*PEOPLE INVOLVE: The Captain, Lt Smith, Airman and NCOIC.
PROBLEM DEFINATION
*Lt Smith Unprofessional Behavior
DIAGNOSIS
*Marginal Performance
*Previous Experience
*Enthusiastic With her Job
*Academic Credibility
The lieutenant Smith has taken leave, and everything is running smoothly. People are, however, more attentive when she is present. Decisions are being delayed, and morale was low. The and other important supervisors are worried which some people may decide to due to her supervision, leave the service style.
Several issues must be addressed as a result of this case study. Lieutenant Smith's micromanagement technique is causing morale issues and may lead to retention issues, which is one of the main concerns. It's also troubling that she's requesting people to work extra hours without proper authorization or regard for the impact on their personal lives.
As her boss, you ought to tackle these concerns with Lt Smith and advise her on proper supervisory techniques. You could advise her to delegate more responsibilities to her NCOIC and other key supervisors, and to concentrate in strategic planning and decision-making instead of micromanaging every detail. We should also emphasise the significance of adhering to proper procedures for authorising overtime and taking into account the impact on personnel.
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define federal deposit insurance corporation.
Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $156,000. The machine's useful life is estimated to be 20 years, or 110,000 units of product, with a $1,000 salvage value. During its second year, the machine produces 4,400 units of product. Determine the machines' second-year depreciation under the straight-line method.
Multiple Choice
$7,800.
$6,240.
$6,200.
$7,850.
$7,750.
Answer:
Explanation:
Annual depreciation=(cost-salvage value)/useful life
Annual depreciation =(156,000-1000)/20
Annual depreciation =$7750/year
Hence Depreciation for second year=$7750.
A company that accepts responsibility for a problem and does all that society expects to solve that problem is using:
a defensive strategy.
a proactive strategy.
an accommodative strategy.
a reactive strategy.
A tobacco company taking a reactive stance to the claims that smoking causes cancer would:
1. stop selling cigarettes as they are harmful to your health and actively warn consumers about the dangers of tobacco use.
2. create an advertising campaign, suggesting that breathing secondhand smoke was less dangerous than drinking milk.
3. sponsor advertisements on the impact that smoking can have on your health.
4. place a warning label on cigarette packages about the dangers of smoking.
Generally, there ___ a trade-off between being socially responsible and economic performance.
A company that accepts responsibility for a problem and does all that society expects to solve that problem is using: an accommodative strategy.
What is a Reactive Strategy?This refers to the type of strategy that a person uses to respond to issues when they happen.
Hence, we can see that a tobacco company taking a reactive stance to the claims that smoking causes cancer would: 4. place a warning label on cigarette packages about the dangers of smoking.
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If the monthend bank statement shows a balance of $36,000, outstanding checks are
$10,000, a deposit of $4,000 was in transit at month end, and a check for $600 was
erroneously charged by the bank against the account, the correct balance in the bank
account at month end is
Explanation:
36,000, outstanding checks are
$10,000, a deposit of $4,000 was in transit at month end, and a check for $600 was
erroneously charged by the bank against the account, the correct balance in the bank
account at month end is
5. In a small town, there are two discount stores ABC and XYZ. They are the only
stores that handle the festival goods. The total number of customers is equally divided
between the two because the price and quality of goods sold are equal. Both stores
have good reputations in the community, and they render equally good customer
services. Assume that a gain of customer by ABC is a loss to XYZ and vice versa.
Both stores plan to run annual pre-Christmas sale during the first week of December.
Sales are advertised through the local newspaper, radio and television media. With the
aid of advertising the payoff for ABC store is constructed and given below.
XYZ store
News paper radio Televisio
News paper 30 40 -80
ABC radio 0 15 -20
Television 90 20 50
Find optimal strategies for both stores and the value of the game
This is a zero-sum game, where the gain of one store is equal to the loss of the other store. To find the optimal strategies, we need to find the Nash equilibrium, which is a combination of strategies such that neither player can gain by changing their strategy while the other player's strategy remains unchanged.
How do we get the Nash equilibrium?One method to find the Nash equilibrium is to use the minimax theorem, which states that in a zero-sum game, the optimal strategy for one player is to minimize the maximum gain of the other player.
For ABC store, their payoff can be represented as:
ABC store
News paper radio Television
News paper 30 40 -80
ABC radio 0 15 -20
Television 90 20 50
And for XYZ store, their payoff can be represented as:
XYZ store
News paper radio Television
News paper -30 -40 80
XYZ radio 0 -15 20
Television -90 -20 -50
To find the Nash equilibrium, we need to find the best response of one player given the strategy of the other player.
Suppose ABC store chooses newspaper advertising, then the maximum gain for XYZ store is 80 (from television advertising). So, to minimize the maximum gain of XYZ store, ABC store should choose radio advertising, which has the lowest maximum gain for XYZ store (-15 from radio advertising).
Similarly, if ABC store chooses radio advertising, then the maximum gain for XYZ store is 20 (from television advertising). So, to minimize the maximum gain of XYZ store, ABC store should choose television advertising, which has the lowest maximum gain for XYZ store (-20 from television advertising).
And if ABC store chooses television advertising, then the maximum gain for XYZ store is 50 (from radio advertising). So, to minimize the maximum gain of XYZ store, ABC store should choose radio advertising, which has the lowest maximum gain for XYZ store (-15 from radio advertising).
So, the Nash equilibrium for ABC store is to choose radio advertising.
Similarly, for XYZ store, if ABC store chooses newspaper advertising, then the maximum gain for ABC store is 40 (from radio advertising). So, to minimize the maximum gain of ABC store, XYZ store should choose television advertising, which has the lowest maximum gain for ABC store (-80 from television advertising).
And if ABC store chooses radio advertising, then the maximum gain for ABC store is 15 (from radio advertising). So, to minimize the maximum gain of ABC store, XYZ store should choose television advertising, which has the lowest maximum gain for ABC store (-20 from television advertising).
And if ABC store chooses television advertising, then the maximum gain for ABC store is 90 (from television advertising). So, to minimize the maximum gain of ABC store, XYZ store should choose radio advertising, which has the lowest maximum gain for ABC store (-50 from radio advertising).
So, the Nash equilibrium for XYZ store is to choose television advertising.
So, the Nash equilibrium for both stores is for ABC store to choose radio advertising and XYZ store to choose television advertising. The value of the game is 0, as the total gain for one store is equal to the total loss for the other store.
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what is amortization?
Answer:
is the spreading payments over multiple periods.
Explanation:
The term is used for two separate processes: amortization of loans and amortization of assets. In the latter case it refers to allocating the cost of an intangible asset over a period of time.
The term is used for two separate processes: amortization of loans and amortization of assets. In the latter case it refers to allocating the cost of an intangible asset over a period of time.
Formula
FormulaAmortization calculator
\(a = p \frac{i(1 + i) {}^{n} }{(1 + i) {}^{n} - 1 } \)
A = periodic payment amount
A = periodic payment amountP = amount of principal, net of initial payments
A = periodic payment amountP = amount of principal, net of initial paymentsi = periodic interest rate
A = periodic payment amountP = amount of principal, net of initial paymentsi = periodic interest raten = total number of payments
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Apply any five factors that should be considered when Pick n Pay chooses locations for its Boxer stores in South Africa.
Five factors that should be considered when Pick n Pay chooses locations are:
population density,income levels,competition,accessibility,infrastructure development.What is the important factors to consider when selecting locations?When selecting locations for Boxer stores in South Africa, Pick n Pay should consider the population density in a particular area. Higher population density typically translates to more potential customers and a larger customer base for the store.
The income levels play a crucial role in determining the purchasing power of the local residents. Areas with higher income levels may be more attractive for Boxer stores as they are likely to have customers who can afford to shop regularly.
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QERFEWTDGFSETHWRSTGHBDRAEAGBHSWRTYH
Answer:
Explanation:na
Which of the following is an example of a direct stakeholder?
A. Activist organizations
B. Banks
C. Community groups
OD. News media
Answer: B.Banks
Banks is an example of a direct stakeholder amongst the followings.
Option B is correct.
Direct stakeholder:Direct stakeholders may be board members, employees and investors. Secondary or indirect customers, creditors, governments, unions, etc.
How do you identify direct and indirect stakeholders?Direct stakeholders are involved in the day-to-day activities of the project. Employees can be viewed as direct stakeholders as their day-to-day work revolves around company projects. Indirect stakeholders pay more attention to the outcome of the completed project than to the closing process.
Why are employees direct stakeholders?Company employees are key stakeholders in creating the products and services that the company publishes, and the quality of their work directly impacts customer care. Employees benefit financially from the company's continued performance and success.
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Benchmark Company is viewed as the best company in Iffy's industry, the company against which all other companies in the industry compare themselves.
Which ONE of the following statements is TRUE?
The following DuPont framework ratios are for Iffy Company and Benchmark Company:
Iffy | Benchmark
Return-on-Sales (5%%) | (7%)
Asset Turnover (2.0) | (1.5)
Assets-to-Equity (2.0) | (2.0)
(B) Iffy | Benchmark Return-on-Sales (5%%) | (7%) is true about Benchmark Company is viewed as the best company in Iffy's industry
what is Benchmark ?Benchmarking is the process of contrasting corporate procedures and performance indicators with industry benchmarks and other businesses' best practices. The three main metrics are quality, time, and cost.
What is a benchmark example?Benchmarks, for instance, could be used to compare the operations of one retail location with those of another location in the same chain. External benchmarking, also known as competitive benchmarking, evaluates a company's performance in relation to that of other businesses.
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Listed below are selected transactions of Schultz Department Store for the current year ending December 31.
1. On December 5, the store received a deposit from the Selig Players to be returned after certain furniture to be used in stage production was returned on January 15. $ 500
2. During December, cash sales were received, which include the 5% sales tax that must be remitted to the state by the fifteenth day of the following month. $ 798,000
3. On December 10, the store purchased for cash three delivery trucks. The trucks were purchased in a state that applies a 5% sales tax. $ 120,000
4. The store sold 25 gift cards for $100 per card. At year-end, 20 of the gift
cards are redeemed. Schultz expects three of the cards to expire unused.
Number of gift cards sold 25
Value of each gift card $ 100
Number of cards unredeemed at year-end 20
Number of cards expected to expire unused 3
Instructions
Prepare all the journal entries necessary to record the transactions noted above as they occurred and any adjusting entries relative to the transactions that would be required to present fair financial statements at December 31. Date each entry. For simplicity, assume that adjusting entries are recorded only once a year on December 31.
NOTE: Enter a formula, a cell reference, or a value (if you are unable to reference a cell), into the yellow shaded input cells.
Debit Credit
1. Dec.5
2. Dec. 1 - 31
3. Dec. 10
4. Dec. 31
Dec. 31
The journal entry of Department Store for the current year ending December 31 is given below:
What are journal entries?Journal entries are the entries made to document the transactions carried out by the company. The books of accounts have a record of every dollar that comes in and goes out. The transactions that are documented are in the book of accounts and are examined and audited for surplus payments or deficits, which are the most frequent errors to be discovered over recording, after they have been made. Below are the diary entries related to the context that are attached.
Date Particular Amount (Dr) Amount(Cr)
1 Dec 2005 cash 500 500 2 Dec 31 cash 798,000
Sales 760,000
Sales Taxes Payable 38,000
(Being sales recorded)
3. Dec 10 Delivery Truck 126,000
cash 126,000 4. Dec 31 cash 126000
Sales 2500
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Seaside County collects property taxes levied within its boundaries and receives a 1% fee for administering these collections on behalf of the municipalitieslocated in the county. In the year, Seaside collected $1,000,000 for its municipalities and remitted $990,000 to them after deducting fees of $10,000. In theinitial recording of the 1% fee, Seaside's custodial fund should credit
A Fund balance-agency fund, $10,000.
B Fees earned-agency fund, $10,000.
C Due to Seaside County general fund, $10,000.
D Revenues control, $10,000.
The correct answer is (B), Seaside's custodial fund should record the 1% charge initially with a credit. $10,000 in agency fund fees earned.
What does funds mean in business?A fund is a collection of funds put aside for a certain objective. To produce returns for its investors, funds frequently invest and use expert management. Retirement funds, insurance funds, foundations, & endowments are a few examples of prevalent sorts of funds.
Is fund a cash?While funds are a liability that may or may not be current, cash is indeed a current asset. Cash simply refers to money in its physical form, whereas funds include cash, credit, checks, kind, etc. The fund uses a more extensive strategy than cash.
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What is the difference between final goods and intermediate goods?
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.
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Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.
The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000
Common Stock
(dividends per share)
I cannot figure out Y1 or Y3
The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.
To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.
Given information:
Cumulative preferred stock: 15,000 shares, 1% dividend
Common stock: 50,000 shares, $30 par value
Dividends distributed:
Y1: $30,000
Y2: $12,000
Y3: $45,000
First, let's calculate the dividends per share for the cumulative preferred stock in each year.
Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares
Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares
Dividends per share for cumulative preferred stock = $1 / 15,000
Dividends per share for cumulative preferred stock = $0.000067 per share
Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).
For Y1:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $30,000 - ($0.000067 * 15,000)
Total dividends for common stock = $30,000 - $1.005
Total dividends for common stock = $29,998.995
Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares
Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)
For Y3:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $45,000 - ($0.000067 * 15,000)
Total dividends for common stock = $45,000 - $1.005
Total dividends for common stock = $44,998.995
Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares
Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)
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By comparing prices at different stores, consumers will:
By comparing prices at different stores, consumers will save money and make informed purchasing decisions.
How can comparing prices at different stores benefit consumers?Comparing prices at different stores allows consumers to make informed purchasing decisions and save money. By taking the time to research and compare prices, consumers can identify the best deals and discounts available for the products they intend to buy.
This practice helps them ensure that they are getting the most value for their money. It can also help consumers uncover any price discrepancies or inflated prices allowing them to avoid overpaying for goods and services.
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The area of law that protects Coca-Cola® (with is accompanying ®) is
trademark.
patent.
copyright.
contract.
Answer:
Trademark
Explanation:
The “R” inside the circle stands for “registered.” The “R” and circle together form the federal trademark registration symbol. In commerce, the symbol shows that your business officially owns its trademark by U.S. Patent and Trade Office (pto.gov) standards.
Note:
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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
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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