On January 1, 2021, Tabitha Company should record the following journal entries related to the operating lease agreement with Wellburn Corporation:
1. To record the lease payment received:
Debit: Cash - $36,000
Credit: Lease Revenue - $36,000
2. To recognize the annual depreciation expense for the leased asset (assuming a straight-line method and a useful life of the asset equal to the lease term):
Debit: Depreciation Expense - $75,000 (calculated as $300,000 / 4 years)
Credit: Accumulated Depreciation - $75,000
These journal entries will help Tabitha Company account for the operating lease with Wellburn Corporation and properly record the lease payment and depreciation expense on January 1, 2021.
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approximately how many american ffa degrees are awarded each year?
Approximately 3,500 American FFA Degrees are handed out each year at the National FFA Convention. That number represents less than half of one percent of all FFA members, making it one of the organization's highest honors. In addition to their degree, each recipient receives a gold American FFA Degree key.
Approximately, 3500 American FFA Degrees are handed out each time at the National FFA Convention. That number represents lower than half of one percent of all FFA members, making it one of the association's highest honors. In addition to their degree, each philanthropist receives a gold American FFA Degree key.
As the highest degree attainable in the National FFA Organization, the American FFA Degree shows an FFA member’s fidelity to his or her chapter and state FFA association. It demonstrates the trouble FFA members apply toward their supervised agrarian experience and the outstanding leadership capacities and community involvement they displayed through their FFA careers.
American FFA Degree donors show a pledge for the future and have gone over and beyond to achieve excellence.
The conditions to earn the American FFA Degree is set forth in the National FFA Constitution. To be eligible to admit the American FFA Degree, members must meet qualifications similar to entering a State FFA Degree, holding active classes for the once three times, completing secondary instruction in an agrarian education program, and operating an outstanding supervised agrarian experience program. Community service, leadership capacities, and outstanding educational achievement are also needed.
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Choose the statement that best describes why slavery became racialized in the Americas. a. The success of plantations was dependent on a permanent and identifiable labor supply b. The idea of chattel slavery remained rare in Africa and Europe, and the New World followed suit. c. African nations began to outlaw slavery, and slave traders sought a new market for slaves. d. African workers refused to work for a wage in the Americas, so they were enslaved.
The statement that best describes why slavery became racialized in the Americas is option A, which states that the success of plantations was dependent on a permanent and identifiable labor supply.
Plantation owners needed a large and reliable workforce to cultivate crops such as tobacco, sugar, and cotton, and they found that African slaves were a convenient source of labor. As slavery became more entrenched in the Americas, racial distinctions were increasingly drawn between enslaved Africans and their white owners. The statement that best describes why slavery became racialized in the Americas is:
a. The success of plantations was dependent on a permanent and identifiable labor supply.
Slavery became racialized in the Americas primarily due to economic and labor needs. The success of plantations, particularly in the context of cash crop production like sugar, tobacco, and cotton, relied on a consistent and identifiable labor force. As demand for labor grew, European colonizers turned to the transatlantic slave trade to meet their labor needs.
A racialized system of slavery emerged as African slaves became the primary source of labor. The transatlantic slave trade disproportionately targeted Africans, and the practice of enslavement became entrenched along racial lines. African slaves were considered a permanent and identifiable labor supply that could be acquired, owned, and exploited by European colonizers.
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Andy has a credit rating of 800, and mia has a credit rating of 585. they both apply for the same loan amount from newton bank. the bank approves andy’s loan at 6.5%, and mia is charged 4 percentage points more because of her lower credit rating. what interest rate does mia have to pay?
10% interest rate to be paid by Mia.
What do interest rates mean?An interest rate indicates how expensive borrowing is or how lucrative saving is. Therefore, if you are a borrower, the interest rate is the sum you pay for borrowing money and is expressed as a percentage of the overall loan amount.The basic interest formula is as follows, for instance, if you take out a $20,000 loan with a five-year term and a 5% interest rate: $5,000 in interest results from multiplying $20,000 by.05 by 5.The nominal interest rate, the effective interest rate, and the real interest rate are the three primary categories of interest rates. The declared rate on which interest payments are computed is the nominal interest on an investment or loan.10% interest rate to be paid by Mia.
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Select two learning styles from the following list. Describe ways in which each of the two learning styles prefer to learn. Bodily/kinesthetic, interpersonal, intrapersonal, logical/mathematical, naturalistic, rhythmic/musical, verbal/linguistic.
Answer:
interpersonal
positive behaviors used when interacting with others
intrapersonal
relationship with self
Explanation:
I really don't have an explanation sorry
5. Student loans typically offer higher interest rates, no deferred payment options, and no grace period following graduation.
True
False
Answer:
True
Explanation:
What are the phases of Design Thinking and discuss its importance
Answer:
Design thinking is a non-linear, iterative process that teams use to understand users, challenge assumptions, redefine problems and create innovative solutions to prototype and test. Involving five phases—Empathize, Define, Ideate, Prototype and Test—it is most useful to tackle problems that are ill-defined or unknown.
Explanation:
Answer: Design thinking is a non-linear, iterative process that teams use to understand users, challenge assumptions, redefine problems and create innovative solutions to prototype and test. Involving five phases—Empathize, Define, Ideate, Prototype and Test—it is most useful to tackle problems that are ill-defined or unknown.
Explanation:
Using the Porter model, which generic business-level strategy is Nordstrom pursuing? What evidence supports your answer?
what do you pore first the cereal or the milk? True or false.
How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
What must be shown to prove negligence that is not needed to prove strict
liability?
A. Injury
B. Fault
C. Stream of commerce
D. Defective product
Answer:
A. Injury
Explanation:
Given that for strict liability, the defendant is only liable to accidents he or she causes, that is to prove strict liability, the plaintiff must show
cause and damages. Whereas on negligence, it is required of a plaintiff to show duty, breach, cause, and injuries.
Hence, what must be shown to prove negligence that is not needed to prove strict is "Injury" as it covers a lot of factors including both cause and damages of strict liability.
Answer:
A.P.E.X is D
Explanation:
High-Low Cost Estimation and Simple Regression Analysis
Assume we have the following observations relating to overhead costs and direct labor hours for Department A of the ABC Company.
Direct Labor Hours Overhead Costs
15 40
20 50
14 35
13 30
18 44
15 36
12 31
16 41
18 42
19 45
Required:
1. Determine the budgeted overhead costs for Department A in a month where there are 13 direct labor hours if the high-low method of estimating cost behavior patterns is used.
2. Using regression analysis determine what the budeted overhead cost should be in a month when Department A should work 13 direct labor hours.
3. Does the regression line in #2 explain the data well? Why?
4. What is the range within which 95 percent of the observations should lie?
a) Equation: Y = 2.5 + 2.375x
b) Overhead = $32.511
c) The output's adjusted r square value is 92%.
d) The z value is 1.96 for 95%.
Equation:
Y = a + bx
Y = overhead cost
X = direct labor hours
b = (highest overhead cost - lowest overhead cost) / (labor hrs at highest cost-labor hrs at lowest cost)
b = (50 - 31) / (20 - 12)
b = 2.375
at 20 labor hrs cost is 50
50 = a + (2.375 * 20)
a = 2.5
The equation is Y = 2.5 + 2.375x
for 13 labour hrs the cost is = 2.5 + (13 * 2.375) = 33.375
b) overhead cost = 2.65 + 2.297 * direct labour hours
Overhead = 2.65 + (13 * 2.297) = 32.511
c) Adjusted r square value from the output is 92% which says how well the dependent variable is explained by the independent variable. Since it is high it explains the data well
d) for 95% the z value is 1.96
Z = (x - mean) / std
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reference is macmillan learning achieve macroeconomics
1. If the frictional rate of unemployment is 1%, the structural rate of unemployment is 2.1%, and the total unemployment rate is 7%, then we can conclude that:
A) the cyclical rate of unemployment is 3.1%.
B) 7% of workers in the labor force are underemployed.
C) the economic growth rate is –7%.
D) the equilibrium rate of unemployment is 3.1%.
The correct option is D. It is the natural rate of unemployment at the long-run equilibrium. It is 3.1%. It is the sum of frictional unemployment and structural unemployment only.
Unemployment and the popularity of the economy may be influenced by the aid of a country through, for example, monetary policy. moreover, the economic authority of a country, including the valuable bank, can affect the provision and value of cash via its economic coverage.
Further to theories of unemployment, some categorizations of unemployment are used for more exactly modeling the results of unemployment inside the monetary machine. a number of the principal varieties of unemployment consist of structural unemployment, frictional unemployment, cyclical unemployment, involuntary unemployment, and classical unemployment. Structural unemployment focuses on foundational troubles inside the economy and inefficiencies inherent in exertions markets, which include a mismatch among the delivery and call for workers with important ability units. Structural arguments emphasize reasons and answers associated with disruptive technology and globalization.
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How long had it been since boats were the only way on & off manahattan
Answer:
The previous day, Monday, September 10, 2001, had been a long night for the New York charter boat captain
Explanation:
Freitas was about to take part in what has become known as the 9/11 boat lift—the largest water evacuation in history and one of the uplifiting, if lesser-known, episodes of that terrible day when terrorists flew two passenger jets into the iconic Twin Towers—part of a multipronged attack on America A makeshift armada of about 150 commercial vessels of various types—tugboats, ferries, charter boats—would transport an estimated 500,000 people out of the disaster zone of lower Manhattan to safety in New Jersey and Brooklyn.
if the central bank of china did not purchase u.s. dollars there would be an excess ______ of u.s. dollars in the foreign exchange market. the exchange rate ______.
If the central bank of China did not purchase U.S. dollars, there would be an excess supply of U.S. dollars in the foreign exchange market, which helps stabilize the exchange rate.
When the central bank purchases U.S. dollars, it increases the demand for them, which helps stabilize the exchange rate.
With an excess supply of U.S. dollars in the foreign exchange market, the exchange rate would likely depreciate. The excess supply indicates a greater availability of U.S. dollars compared to the demand for them. As a result, the value of the U.S. dollar would decrease relative to other currencies, leading to a depreciation in the exchange rate.
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2. An A firm has sales of $10 million, variable costs of $4 million, fixed expenses of $1.5 million, interest costs of $2 million, and a 30 percent average tax rate. A) Compute its DOL, DFL, and DCL. B) What will be the expected level of EBIT and net income if next year's sales rise 10 percent? C) What will be the expected level of EBIT and net income if next year's sales fall 20 percent?
Answer:
A) DOL = 1.33 times; DFL = 1.80 times; and DCL = 2.4 times
B) Next years expected Earnings before interest and tax = $5.5 million; and Net years expected net income = $2.45 million
C) Next years expected Earnings before interest and tax = $2.5 million; and Net years expected net income = $0.35 million
Explanation:
Note: This platform did allow the explanation to be saved here as it was claiming it contains swearwords. Please, see the attached pdf file for the full answer and explanation.
Your big brother has decided that he wants to get into the
workforce relatively soon and doesn't want to pursue a 4-year
degree. He is considering a career as a paralegal. While
browsing job postings for paralegals in the area he notices that
most firms are requiring candidates to have an associate's
degree or a certification. Based on the information in the table
below, which option is best for your brother and why?
The answer is based on the table Work study which includes 6 weeks of certification program and 2 years in community college is best for the brother.
The reason is because he doesn't want to pursue a 4-year degree and most firms require candidates to have an associate's degree or a certification.
Therefore, work study is best option as it fulfills his requirement for certification and college within a limited time period.
What is certification in plain English?Certifications are special qualifications there by an individual to show their validity and capacity to carry out a task. Your certification is shown as a document that certifies that, as a professional, you have received the necessary training, education, and preparation to fulfill the requirements of your position.
What are the three different certifications?A certification might be of one of three broad forms. Corporate (internal), product-specific, and profession-wide are listed in order of development level and portability.
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NEED HELP ASAP 10 POINTS
The production, purchase, and sale of goods in a world-wide market is known as the _____.
Answer:
I think it's global economy
You plan to set aside $500 for 5 years. The account pays annual interest of 8 percent, compounded quarterly. The ending balance (principal plus interest) will be ___at the end of 5 years.
Answer:
$942.27
Explanation:
The applicable formula for this case is A = p x ( 1 + r) ^ n
Where A is the amount after 5 years
p = Principal amount: $500
r = Interest rate : 8 % or 0.08 per year.
quarterly interest rate = 0.08/4 = 0.02
n = number of period : 8 year or 32 quarters (8 years x 4 )
A = $500 x (1 + 0.02) ^32
A= $500 x (1.02)^32
A =$500 x 1.88454
A=$942.27
Amount after five years will be $942.27
In comparing the b2b and b2c buying processes:
O the b2b process is more complex, but usually the buying is done by a purchasing agent which makes it easier for marketers.
O B2B buying is often as Impulsive as B2C frequently due to the persuasive power of good sales representative.
O B2C begins with need recognition, while B2B begins with product or services specification.
O The B2B process has more discrete steps, though once relationship is established and the buyer is satisfied with the current goods, many steps can be eliminated
O All of the above
In comparing the b2b and b2c buying processes (D) All the above.
B2B: Since purchasing a good or service involves business-related goals, the transaction requires careful study, more thought, and continued support from the seller. Numerous business divisions are impacted by the choice. B2C: The purchase is typically based more on emotion than on reason.
Business-to-business, or B2B, refers to a particular kind of transaction that happens between two businesses. The term "business-to-consumer" (B2C) refers to a transaction that happens between a company and a single customer.
B2B e-commerce makes use of online channels to market to other businesses. B2C e-commerce focuses on individual customers. A B2B company might be one that sells office supplies, software, or papers to other businesses. In general, B2B e-commerce is more complicated than B2C e-commerce.
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Three roads lead into a stadium's parking areas. Each road has four lanes (two in each direction) with a capacity of 1,000 vehicles/lane/hour. If 10,000 vehicles are expected for a game, how long will it take for all of them to enter the parking areas?
Answer:
Option A
Explanation:
The complete question is
Three roads lead into a stadium's parking areas. Each road has four lanes (two in each direction) with a capacity of 1,000 vehicles/lane/hour. If 10,000 vehicles are expected for a game, how long will it take for all of them to enter the parking areas?
a) 2 hours
b) 1 hour
c) 1 hour and 40 minutes
d) 90 minutes
Solution
There are four lanes.
Capacity of one lane is equal to 1,000 vehicles/lane/hour.
Let us say that each lane will provide access to equal number of vehicles
Thus, each lane will allow 10,000/4 = 2500 vehicles per hour
Time taken by 2500 vehicles on road to reach parking is equal to 2.5 hours.
The nearest answer to this option A i.e two hours
The type of cover letter written to inquire about possible job openings: a. Networking letter b. Prospecting letter c. Application letter d. Follow up letter Please select the best answer from the choices provided A B C D
The type of cover letter written to inquire about possible job openings: b. Prospecting letter.
What is prospecting letter?Prospecting letter can be defined as the type of cover letter writing by a prospective applicant to a company or human resources manager so as to inquire about a job opening.
The applicant tend to include the the following in the cover letter:
QualificationSkillsExperience Why he/her is suitable for the job and what he/she can offerWhy the applicant should be invited for an interview Why he/her should be given the jobInconclusion the type of cover letter written to inquire about possible job openings: b. Prospecting letter.
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Answer:
b.
Prospecting letter
Explanation:
i took the test
According to the video, what do many Accountants and Auditors decide to do?
O specialize in a specific area
O volunteer in schools to teach finance
become Managers later in their careers
O take writing classes
Answer:
A. Specialize in a specific area
Explanation:
Just got right on E 2020
According to the video, the many Accountants and Auditors decide to do specialize in a specific area. The correct option is (A).
What do you mean by the Auditors?An auditor is a person qualified to examine financial documents, confirm their accuracy, and make sure businesses are following tax regulations.
A physical inventory check is followed by an auditor's review or inspection of various books of accounts to ensure that all departments are using the same documented system of documenting transactions.
It's done to make sure the organization's financial accounts are accurate. Internal audits, external audits, and government or IRS audits are the three basic categories of audits. Your financial reports will be examined and verified during an audit.
Therefore, according to the video, the many Accountants and Auditors decide to do specialize in a specific area.
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Before the owners of a corporation can establish the company's bylaws and elect a board of directors, they must receive a _____ from the state in which they are doing business.
Before the owners of a business can create their own policies and laws, and set up a Board of Governors, they must receive a Certificate of Incorporation or Authority from the state in which they are operating.
What is a Certificate of Authority?This document shows that a business has been authorized to carry out business activities.
It is usually issued by the State in which the company is operating. In Florida for instance, this document is issued by the Secretary of State for a little fee.
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Is profit the same as cash flow?
Answer:
No
Explanation:
Cash flow refers to the money that flows in and out of your business. It's income and expenses.
Profit, however, is the money you have after deducting your business expenses from overall revenue. Both are important, but cash flow is essential to keep your business running in the here and now.
a common thread across integrated prouct support element is the analyses supporting development of the product
A common thread across IPS Element is the analyses supporting development of the PSS and the AoA.
The analysis assisting the development of the product's Integrated Product Support (IPS) Elements is an example of a theme that runs across integrated product support elements. Product support is the collection of support activities necessary to deploy and keep operational readiness and capability of covered systems, subsystems, and components, including all activities pertaining to covered system readiness.
The preparation, financing, and monitoring of the package of product support functions necessary to deploy and preserve the preparedness and operational capability of major weapons is the goal of product support management, as stated in the Product Support Manager (PSM) Guidebook and expanded upon in the IPS Element Guidebook.
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service is the rent we pay for living on this earth
The statement given "service is the rent we pay for living on this earth" is true because service is the rent we pay for living on this earth.
The statement "service is the rent we pay for living on this earth" holds truth in the sense that service to others and the world around us is a fundamental responsibility we have as inhabitants of this planet. Service goes beyond merely occupying physical space; it is a way to contribute, give back, and make a positive impact on the lives of others.
When we engage in acts of service, whether through acts of kindness, volunteering, or making a difference in our communities, we acknowledge our interconnectedness and the shared responsibility to make this world a better place. Service allows us to express gratitude for the privileges and resources we have been blessed with by utilizing them to uplift and support others.
Ultimately, by recognizing service as a form of rent, we embrace the idea that our existence on this earth comes with the obligation to contribute to its well-being and the welfare of all its inhabitants.
""
service is the rent we pay for living on this earth. true false
""
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Which, if any, of the following conditions for efficient market functioning do tariffs and quotas violate?
I. demanders with the highest willingness to pay purchase the supply of goods
II. producers with the lowest costs produce and sell the supply of goods
III. the sum of consumer and producer surplus is maximized
Tariffs and quotas violate conditions I and III for efficient market functioning. They interfere with the principle that demanders with the highest willingness to pay should purchase the supply of goods and disrupt the maximization of consumer and producer surplus.
Tariffs and quotas hinder efficient market functioning by violating conditions I and III. In an efficient market, demanders with the highest willingness to pay should have the opportunity to purchase the supply of goods. Tariffs, which are taxes imposed on imported goods, increase the price of foreign products and can prevent demanders with higher willingness to pay from accessing those goods. This interferes with the principle of efficient market functioning.
Moreover, tariffs and quotas also disrupt the maximization of consumer and producer surplus, which is condition III. Consumer surplus represents the difference between the price consumers are willing to pay and the actual price they pay, while producer surplus represents the difference between the price producers receive and their costs. By restricting imports through tariffs or quotas, consumer and producer surplus can be reduced as prices increase and access to a wider range of products is limited.
However, tariffs and quotas do not directly violate condition II, which refers to producers with the lowest costs producing and selling the supply of goods. Tariffs and quotas may indirectly impact the ability of low-cost producers to compete in the market by creating barriers to entry or favoring domestic producers, but they do not directly contradict the principle of lowest-cost producers supplying the goods.
In summary, tariffs and quotas violate the efficient market conditions of having demanders with the highest willingness to pay purchase the supply of goods (condition I) and maximizing the sum of consumer and producer surplus (condition III). However, they do not directly violate the condition of producers with the lowest costs producing and selling the supply of goods (condition II).
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Economic freedom means more than being able to buy the things you want. It means that you have the freedom to choose _________________________.
Answer:
your career, your employer, and your job location.
Explanation:
The concept of economic freedom means, in addition to the power to choose what to buy due to the variety of goods and services available in a competitive market. Economic freedom in society qualifies the individual as an economic agent capable of using the resources he has to build his professional life, his career and choose his place of work.
the total net cash flows from operating activities are identical under both the indirect and direct methods.
It is true that the total net cash flows from operating activities are identical under both the indirect and direct methods.
The operating activities is the section which records the money that the company brings in from its regular business activities.
It is important to understand that the two methods (indirect and direct methods) under Operating activities only differ in presentation formats and does not influence the net cash flow.In conclusion, it is true that the total net cash flows from operating activities are identical under both the indirect and direct methods.
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Coronado Company lost all of its inventory in a fire on December 26,2022 . The accounting records showed the following inventoryrelated data for November and December. Coronado is fully insured for fi
Coronado Company lost all of its inventory in a fire on December 26, 2022.
What was the total inventory value for November and December?To determine the total inventory value for November and December, we need to sum up the inventory values for both months.
Since the accounting records provided the inventory-related data, we can refer to those records.
However, the specific details of the inventory values for November and December are not provided in the question.
Therefore, without the inventory values, we cannot calculate the total inventory value for the two months.
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