mike is 10 years old. his family is evicted from their apartment due to nonpayment. his mother says that they are going to stay with his aunt until they can find another place to live. mike knows that the last time this happened; they had to stay in the homeless shelter for a week. due to this housing instability, mike has an increased risk of .

Journal Entry:

Date: [First year-end date]

The amortization expense for the first year is $120,000.

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1. Right to use assets $158,373

Effect on earnings for first year $30,937

2. Ending lease payable balance $121,710

Right of use asset balance (end of year) $140,776

1. Calculation to determine  what will be the effect of the lease on Café Med’s earnings for the first year

First step is to determine the cumulative PV factor for annuity due at 10% for 9 periods

Cumulative PV factor for annuity due at 10% for 9 periods=6.334926

Second step is to calculate the Right to use assets

Right to use assets=Annual lease payment×Cumulative PV factor for annuity due at 10% for 9 periods  

Right to use assets=25000×6.334926

Right to use assets=158373

Third step is to calculate the interest expenses

Interest expense= [(158373-25000)*10%]

Interest expense=-13337

Fourth step is to calculate the amortization for the year

Amortization for the year=158373/9 years

Amortization for the year=17597

Now let determine the Effect on earnings for first year

Effect on earnings for first year=-13337-17597

Effect on earnings for first year=$30,937

2. Calculation to determine what will be the balances in the balance sheet accounts related to the lease at the end of the first year

Ending lease payable balance=$158,373+$13,337-$25,000-$25,000

Ending lease payable balance=$121,710

Right of use asset balance (end of year)=Begining balance-Amortization-

Right of use asset balance (end of year)=$158373-17597

Right of use asset balance (end of year)=$140,776

Inconclusion:

1. Right to use assets $158,373

Effect on earnings for first year $30,937

2. Ending lease payable balance $121,710

Right of use asset balance (end of year) $140,776

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There is an endless battle between the retail supermarket and e-commerce. Both sectors want their revenue and profits high so they use their own techniques.

E-Commerce is the online shopping platform that has provided a cutting edge technology and ease to the buyers. This platform enables the buyer to make purchases without visiting the store.

Retail supermarkets claim that they have a large variety of products that are displayed on the store which can be seen easily by the buyer and their complete details are available including the manufacturing and expiry date. E-Commerce provide the comfort purchasing but is a little costly as the shipping is not always free. However when visiting a retail supermarket it seems difficult to walk around and find the wanted products which in e-commerce is just a search bar away.

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The quadratic equation of the graph in standard form is y = x² + 2x - 8

A quadratic equation in standard form is given by y = ax² + bx + c

Given the graph below, to write the quadratic equation for the graph in s tandard form, we notice that the graph has two x - intercepts at

The x - intercepts are the roots of the quadratic equation.

So, we have that

So,

So, the factors of the quadratic equation are

So, multiplying the factors, we have that the equation is

y = (x + 4)(x - 2)

= x² - 2x + 4x + 4 × (-2)

= x² - 2x + 4x - 8

= x² + 2x - 8

So, the quadratic equation is y = x² + 2x - 8

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Answer:

$5,894

Explanation:

If Henry's taxable income is above $40,000, he pays 7% of the taxable income plus $2800

Henry's income =$44,200

taxable income will be 7% of $44,200 + $2800

=(7/100 x $44,200) + $2800

=0.07 x $44,200 + $2800

=$3,094 + $2800

=$5,894

The Blossom Company Ltd. will prepare the following journal entry in November to record the receipt of the subscription:

Journal Entry:

November, 2022:

Debit Cash $336,000

Credit Unearned Subscription Revenue $336,000

Data and Calculations:

Subscriptions per magazine per year = $28

Quarterly revenue per magazine = $7 ($28/4)

Number of subscriptions sold in November, 2022 = 12,000

Total receipts in November = $336,000

November, 2022:

Cash $336,000 Unearned Subscription Revenue $336,000

December 31, 2022:

Unearned Subscription Revenue $84,000 Subscription Revenue $84,000

Thus, to recognize the Subscription Revenue for the quarter, Blossom will debit Unearned Subscription Revenue with $84,000 ($28 x 12,000 x 1/4).

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Answer:

Explanation:

Manufacturing Firms

My purpose: learn business programe at RMIT

My purpose: learn business programe at RMIT

Answer: Transactional Journal and Audit Log can be used to identify possible issues in a Quickbooks Online Company.

The 2 tools you can use to identify possible issues in quickbooks online company are transactional journal and Audit log.

Accountant Toolbox contains the following Features for all QuickBooks Online Users. They are:

QuickBooks is simply known as an accounting software package developed and marketed by a company called Intuit.

Its products are targeted toward small and medium-sized businesses and offer on-premises accounting applications and also cloud-based versions.

Conclusively, It can be used for accepting business payments, manage and pay bills, and payroll functions.

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Answer:

MCQS

(i) Compensation of employees includes ________.

(a) wages, salaries, fringe benefits, Social Security contributions, and health and pension plans .

(ii) The difference between the income received from abroad for rendering factor services by the normal residents of the country to the rest of the world and income paid for the factor services rendered by nonresidents in the domestic territory of a country is known as-------

(a) Net Factor Income from Abroad .

(iii) Suppose that in year 1 an economy produces 75 unit of apple that sell for $5 each and 100 mobile that sell for $6 each. The next year the economy produces 110 apple that sell for $3.75 each and 80 mobile that sell for $5 each. The real GDP is

(c) 1030 .

(iv) What of the following does NOT enter GDP?

(c) Life Expectancy.

(v) The sum of all kinds of income received by the individuals from all sources is called---------

(a) Personal Income.

Explanation:

1) Employee Compensation includes the salaries, wages, benefits, and other incentives paid to employees in exchange for their services to the company.

3) The Net factor income from abroad is the difference between the factor income earned from abroad by normal US residents and the factor income earned by non-residents (foreigners) in the US domestic territory.

4) The real GDP is the gross domestic product adjusted for the effect of inflation on prices.  The real GDP for year 2 should be based on the prices of year 1 and is calculated as follows (110 * 5 + 80 * 6 = 1030).

5) Personal income is the sum of all kinds of income received by the individuals from all sources.  It is used in the calculation of the US GDP.  It is a subset of private income.  Private income, which is broader than personal income, consists of personal income, profit tax, and undistributed profit.

Answer:

Disadvantages of chain drives are as follows;

Explanation:

Answer:

a) Total market value of the firm = $2,394,000

b) The capital structure of the firm:

Weight of ordinary shares = 69%

Weight of preference shares = 12%

Weight of bond = 19%

c) The firm's weighted average cost of capital (WACC) = 11.28%

Explanation:

a) Calculate the total market value of the firm.

Total market value of the firm is the addition market values of ordinary shares, preference shares and bond. This can be calculated as follows:

Market value of ordinary shares = $47 * 35,000 = $1,645,000

Market value of preference shares = $58 * 5,000 = $290,000

Market value of bond = $450,000 * 102% = $459,000

Therefore, we have:

Total market value of the firm = $1,645,000 + $290,000 + $459,000 = $2,394,000

b) Calculate the capital structure of the firm

Capital structure of the firm is the weight of the market value of each of capital or finance sources in the total market value. This can be  calculated as follows:

Wo = Weight of ordinary shares = $1,645,000 / $2,394,000 = 0.69, or 69%

Wp = Weight of preference shares = $290,000 / $2,394,000 = 0.12, or 12%

Wb = Weight of bond = $459,000 / $2,394,000 = 0.19, or 19%

c) Calculate the firm's weighted average cost of capital if the tax rate is 30%, assuming a classical tax system.

The weighted average cost of capital (WACC) which is also referred to as firm's cost of capital refers to the rate the firm is expected  to pay on average to all holders of its security used in financing its assets. The WACC can be estimated as follows:

WACC = (Ro * Wo) + (Rp * Wp) + (Yb * Wb * (1 - T)) .................... (1)

Whrere,

Ro = Rate of return of ordinary shares = 13.5%

Rp = Rate of return on preference shares = 7%

Yb = Pre-tax yield-to-maturity on the bond = 8.49%

T = Tax rate = 30%

Substituting the values above and the relevant values from part (b) above into equation (1), we have:

WAAC = (13.5% * 69%) + (7% * 12%) + (8.49% * 19% * (1 - 30%)) = 11.28%

Answer:

The statement "You should give your guest the simplest route, not the quickest, because you don't want them to get lost along the way." is not true. It is usually best to give the quickest route to the destination, as long as it is not too complicated or confusing. It is important to provide clear and concise directions to help the guest arrive at their destination efficiently and without getting lost. However, if the quickest route is very complicated or difficult to follow, it may be more helpful to provide a simpler route that is easier for the guest to understand and follow. Asking the guest to repeat the directions back to you can also be a helpful way to ensure that they have understood the directions properly.

Explanation:

Answer:

Yes Please

Explanation:

So I can get more help in school since I'm failing.

Answer:

thx

Explanation:

Even though the US might have a higher GDP when compared to Luxemburg, its standard of living would be lower than Luxemburg if A has a higher per capita GDP.

GDP is an abbreviation for gross domestic product. GDP measures the total sum of final goods and services that is produced in a country in a year.

Per capita GDP is the GDP of a country divided by the population of that country. Standard of living is measured by per capita GDP. The higher the GDP per capita, the higher the standard of living.

Per capita GDP = GDP / population

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The three types of inherent value money can have are  Intrinsic, market, and face. Option C

Cash has an asset's value is determined by its intrinsic value. Instead of using the asset's actual market price, this metric is calculated objectively or through the use of a sophisticated financial model.

Other than its current exchange value for goods and services, it has no worth. Something is valuable in and of itself when it has inherent worth. A thing with intrinsic value is a goal in and of itself.

Hence, the value an entity has for what it is, as a goal, or in and of itself is known as intrinsic value.

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The net cost of the item, after applying the series trade discount, is $63.41.

To calculate the net cost of the item, we need to apply the series trade discount provided. The series trade discount is given as 10/10/19, which means there are three successive discounts applied.

Let's break down the discounts:

To find the net cost, we need to calculate the price after each discount.

Step 1: Apply the first discount of 10%

List price - (10% of list price)

List price - (10/100 * List price)

List price - 0.1 *

List price = 0.9 * List price

Step 2: Apply the second discount of 10%

0.9 * List price - (10% of 0.9 * List price)

0.9 * List price - (10/100 * 0.9 * List price)

0.9 * List price - 0.09 * List price

0.81 * List price

Step 3: Apply the third discount of 19%

0.81 * List price - (19% of 0.81 * List price)  

0.81 * List price - (19/100 * 0.81 * List price)

0.81 * List price - 0.1539 * List price

0.6561 * List price

Now, to find the net cost, we multiply the list price by the result of the series of discounts:

Net cost = List price * 0.6561

Given that the list price is $96.60, we can calculate the net cost:

Net cost = $96.60 * 0.6561

Calculating this, we find:

Net cost = $63.41 (rounded to the nearest cent)

Therefore, the net cost of the item, after applying the series trade discount, is $63.41.

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Answer: The explanation is provided below

Explanation:

Below article is the summary of the acceleration of inflation in the emerging markets that was published in 2018.

According to the article, inflation in an economy is caused by an adverse supply shock or as a result of the expansionary fiscal policy or the expansionary monetary policy.

In an adverse supply shock, total quantity of basic goods will reduce drastically causing the aggregate demand to rise exponentially and therefore, push prices higher and then gradually lead to inflation.

Also, the continous and eventual implementation of the expansionary fiscal or monetary policy through continous tax cuts or by increasing government spending or reducting interest rates, lead into significant increase in the aggregate demand and as a result, prices rise eventually resulting in hyperinflation in the economy. This will also lead to increase in the real GDP of the economy.

Different tools in the monetary policy framework can be used to control inflation such as government securities,

the cash reserve ratio, interest rates. To reduce recession, government utilize automatic stabilizer in order to boost the economy.

Answer:

A. March 1

Dr Cash $ $311,000

Cr Common Stock

$ 141000

Cr To Paid in Capital in Excess of Par $ 170,000

B.April , 01

Dr Cash $79,000

Cr Common Stock $79,000

C. April, 06

Dr Inventory $48,000

Dr Machienary $180,000

Cr To Note Payable $98,000

Cr Common Stock $58,000

Cr Paid in Capital in excess of par (Balancing Figure) $72,000

Explanation:

Preparation of the issuer's journal entry for each of the separate transactions.

A. March 1

Dr Cash $ $311,000

Cr Common Stock

(47,000 Shares " $ 3) $ 141000

Cr To Paid in Capital in Excess of Par $ 170,000

(311,000-141,000)

B.April , 01

Dr Cash $79,000

Cr Common Stock $79,000

C. April, 06

Dr Inventory $48,000

Dr Machienary $180,000

Cr To Note Payable $98,000

Cr Common Stock $58,000

(2,900 Shares * $ 20)

Cr Paid in Capital in excess of par (Balancing Figure) $72,000

($48,000+$180,000-$98,000-$58,000)

Answer:

vertical merger

Explanation:

The following answers are based on a monopoly economy.

A monopoly, as defined by Irving Fisher, is a market with "no competition," resulting in a scenario in which a certain individual or organization is the exclusive supplier of a given product.

To arrive at answer a, we need to recall that the equilibrium of a monopolist is when the Marginal Cost equals the Marginal Revenue and the Marginal Cost Curve (MC) cuts the Marginal Revenue Curve (MR ) from below.

At this point, the equilibrium output is 100, and the equilibrium price is $ 10 for every unit of production.

For the answer is b, given that the firm is producing 100 units of goods at an average total cost of $7.5 (derived from the point that aligns with MR = MC), therefore,

Total Cost   = Equilibrium Output * ATC (Average Total Cost)

= 7.5 * 100

= $750

To arrive at answer c,
Recall that Economic profit is the difference between the money collected from the sale of a product and the expenses of all inputs utilized, as well as any opportunity costs, is the economic profit or loss.

Hence, Economic Profit = Total Revenue (TR) Less Total Cost (TC)

= $1000 - $ 750

= $250

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The year-end adjustment to recognize supplies expense will have an impact on A Company's financial statements.

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Answer:

The answer is "Option C".

Explanation:

Trend analysis is also an economic concept used to describe a situation wherein the market motion of a service or product, in which a company would be selling is predicted based on data in potential.

Its analysis is based on the current year's revenues, where certain conclusions can be drawn as well as how the company will develop strategies to market this service or product.

Answer:

Explanation:

the moral principles and values

the right or wrong of business objectives

Based on the given information, it can be concluded that CU DENVER has invested in debt securities and has chosen to value them using the fair value method at year-end.

How to record?

To record the fair value adjustments of the AFS investment account, CU DENVER would debit the account for the difference between the fair market value and the carrying value of each security, and credit the accumulated other comprehensive income (AOCI) account.

In this case, the debit to the AFS investment account would be $300,000 ($160,000 + $140,000) - $250,000 (the beginning balance) = $50,000. The credit to the AOCI account would also be $50,000. This adjustment reflects the change in the fair value of the investments and is necessary to ensure that the investments are accurately valued on the balance sheet.

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Answer: Relationship

Explanation: Got it right on edge

Answer:

6.062189766%

Explanation:

\((1+\frac{.059}{12})^{36}=(1+i)^3\\\)