Answer:
d. $1,080,000
Explanation:
Contribution per unit = Selling price per unit - Variable cost per unit
Contribution per unit = Selling price per unit - ( Direct Materials + Direct Labor + Variable Manufacturing Overhead + Variable Selling )
Contribution per unit = $160 - ($22 + $15+ $12 + $3)
Contribution per unit = $160 - $52
Contribution per unit = $108 per unit
Contribution margin for the next year = $108 per unit * 10,000
Contribution margin for the next year = $1,080,000
Guys please I've been stuck on this for two days now. Pls try to help me out
Q: Legislation aimed at protecting people from themselves concerns the individual as well as the public in general. Protective helmet laws are just one example of such legislation. Should individuals be allowed to engage in unsafe activities if they choose to do? Why? (200-word response)
This is what I have so far...
"No, individuals should not be allowed to engage in unsafe activities even if they choose to do so because this may bring disorder to society. The laws made to protect citizens in every country from forms of harm are established for the common good of the people. Legislation is responsible for the protection of individuals from the effects of participating in dangerous activities. Even if the individuals are not following the rules and regulations, which might threaten their lives, the judiciary has the right to take action against those individuals because they are creating a bad situation for society."
No people do not have to be allowed to engage in unsafe practices if they want to.
The reasons people should not be allowed to engage in unsafe practicesWhen people are engaging in unsafe practices, they may turn out to be threats in the environment.
For instance, someone who is engaging in heavy drinking and decides to drive a car may end up causing accidents on the road. Other people would have to suffer for his risky behavior.
Also the amount that would be spent treating a driver that had an accident because he refused to wear his helmet could be channeled into something else.
Hence we can say that the legislation would be a step in the right direction in the society based on these group of persons.
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Part A:
Describe two possible financial goals for which you may require $12,000. Classify each as a want or need. Do research to ensure that amount is enough for your goal.
Part B:
Create and describe three possible investments to reach your goal within five (5) years. Investment 1 is a simple interest investment with 3% annual interest. How much would you need to invest at the beginning? Investment 2 is a compound interest investment, with 3% annual interest compounded monthly. How much would you need to invest at the beginning?
Investment 3 is a regular deposit in an account that earns 3% compound interest, compounded once per year. How much do you need to deposit, and how often will you deposit it, to reach it Part C:
Calculate and describe the total interest earned on each of your three investments. Explain your thinking and show your work.
To pay off debt, which is a need and establish good credit, a want to save money for short- and medium-term goals are two possible financial goals for which you may require $12,000.
Describe the total interest earned on each of the three investments.As it offers a simple interest investment with 3% yearly yield, you should start out with least investment amount. The simple interest of 3.2% per year is a good investment, but not better than compound interest.
The moderate money should be put into investment 2 because it earns 3% compound interest and is compounded once a year, it calculates interest on the principal amount and the accrued interest.
As compound interest is calculated on a monthly basis, investment 3 is where you can put the most amount of money. Due to compounding, this interest increases your wealth compounded monthly. Consequently, it makes a sum of money grow at a faster rate than simple interest and annual compounding because you will earn returns on the money you invest, and also on returns at the end of every compounding period.
The calculations for 3 investments are:
The total amount you will invested = $12,000.00
Number of years = 5
Investment 1
Total at end of investment after 5 years = $13,800
Interest earned = $1800
Investment 2
Total at end of investment after 5 years = $13,911.
Interest earned = $1911
Investment 3
Total interest = $1,939.4.
Total at end of investment after 5 years = $13,939.4.
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the statement below contains a comma splice. drag each of the altered versions of the statement into the appropriate box. according to the national collegiate athletic association, over 150,000 college athletes receive athletic scholarships every year, additionally, all of those scholarships add up to nearly $3 billion.
As per the rule of comma splice, the altered versions of the statement is illustrated below.
The rule of comma splice is states that a type of run-on whereby two independent clauses or the complete sentences are incorrectly joined by a comma.
Here we have given that “according to the national collegiate athletic association, as over 150,000 college athletes receive athletic scholarships every year, additionally, all of those scholarships add up to nearly $3 billion.”
And we need to find the altered versions of the statement by using the comma splice.
While we looking into the given question, we have the grammatical Error, then as per the comma splice has two independent clauses or complete sentences joined incorrectly by only a comma.
Here the Reasoning to the given statement is the first part of the sentence that is defined as an independent clause or complete sentence, where as the second phrase is defined as the an independent clause or complete sentence.
Therefore, here the two given sentences need to be joined by more than just a comma.
Therefore, here we have conclude that there are three ways to correct a comma splice, which means that they are similar to the three ways of correcting a run-on.
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List three pieces of criteria that economists use to determine if someone is employed
Answer:
The summary as per the given query is summarized below.
Explanation:
The criterion used by economists to decide whether the individual was working wasn’t employed.Employees hold down jobs for full as well as part-time pay where they already haven't a job and therefore are provisions of these terms for work even though they are unemployed.The labor force seems to be the number among all jobs working as well as unemployment.Explain Maitland’s argument for morality of sweatshops.
a. You need to understand the Classic Liberal Standard in contrast to other standards.
b. Consistently Libertarian, his argument is both Kantian and Utilitarian. You need to know why.
2. Why does Maitland thing that requiring a living wage in sweatshops is itself immoral?
a. This is primarily an economic argument that leads to a moral judgment. You need to explain why.
3. According to Arnold’s and Bowie’s use of the Respect Principle, what do we owe other people?
a. Focus on what they say based on Thomas Hill’s work.
b. Contrast what they say with the way a Libertarian would argue about what we own others.
4. Explain Arnold’s and Bowie’s use of the Kantian Respect Principle in their discussion of a living wage.
a. It will be important to understand what is owed to other people.
Maitland's argument is utilitarian and Kantian in that he upholds the autonomy of the individual and contends that the overall advantages of sweatshops such as increased economic growth and the eradication of poverty outweigh any potential drawbacks. The shops intentions are misguided and they would actually do more harm than good.
1. The Classic Liberal Standard, on which Maitland's argument is predicated, asserts that people have the right to pursue their own self interest without interference or coercion as long as they do not harm others in the process.
Maitland contends that employment opportunities in sweatshops are appealing to workers and frequently superior to those offered by other sources.
2.Maitland contends that requiring a living wage in sweatshops is morally wrong in and of itself because it would stunt economic development and raise unemployment in developing nations. He contends that wages in sweatshops are frequently higher than the going rate in the neighborhood and that employees have the option of working there or not.
According to him, mandating a living wage would raise the cost of labor and deter businesses from using sweatshops, which would limit the number of jobs available to workers. The main thrust of Maitland's argument is economic, but he thinks it ends up being moral because efforts to require a living wage would hurt the very people they are meant to help.
3. Arnold and Bowie emphasize the significance of treating employees as ends in themselves rather than as means to an end in their discussion of a living wage by applying the Kantian Respect Principle. They contend that employers have a moral duty to respect employees inherent dignity by paying them a living wage.
This rule is based on Kant's contention that people should always be regarded as ends in and of themselves, as opposed to merely being used as means to further our own goals.
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An effective contract writing will describe all _________________ to be conveyed or excluded in the sale in detail.
An effective contract writing will describe all terms and conditions to be conveyed or excluded in the sale in detail.
An effective contract writing will describe all the essential elements and provisions to be conveyed or excluded in the sale in detail. These elements encompass a wide range of aspects that need to be clearly defined to ensure the rights, obligations, and expectations of both parties are accurately outlined.
Firstly, the contract should outline the identification of the parties involved, including their legal names, addresses, and any other pertinent details that establish their identities. This ensures clarity and avoids any confusion regarding the individuals or entities responsible for fulfilling the contract's terms.
Next, the contract should explicitly define the subject matter of the sale. This includes a comprehensive description of the goods, services, or property being transferred, along with any specifications, quantities, quality standards, or other relevant details. Clearly stating what is included and what is excluded in the sale helps prevent misunderstandings and potential disputes in the future.
Furthermore, the contract should outline the purchase price or compensation, including any payment terms, installment schedules, or contingencies. It should specify the currency in which the payment will be made and any applicable taxes, fees, or additional costs that may be incurred during the transaction.
Additionally, the contract should cover the timeframe and conditions of the sale, including delivery or transfer dates, inspection and acceptance procedures, and any warranties or guarantees provided by either party. It should also address any contingencies or conditions that must be met before the sale can be completed.
Moreover, an effective contract writing should incorporate provisions related to the allocation of risks and liabilities. This includes clarifying who bears responsibility for loss or damage during transit or after delivery, as well as any limitations of liability or indemnification clauses that protect the parties involved.
Lastly, the contract should address dispute resolution mechanisms, such as arbitration or mediation, to provide a framework for resolving conflicts should they arise. It should also include provisions related to the termination or cancellation of the contract and any associated penalties or remedies.
In conclusion, an effective contract writing comprehensively describes all the terms and conditions to be conveyed or excluded in the sale. By addressing the aforementioned aspects in detail, the contract minimizes ambiguity, establishes clear expectations, and protects the interests of both parties involved in the transaction.
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Which investment bank underwrote the most bonds in 2013 and 2014?
The investment bank that underwrote the most bonds in 2013 and 2014 is: J.P. Morgan.
What is investment bank?
Investment bank is a financial institution that render various types of investment services to their clients or customers. Investment tend to deals in buying and selling of shares to investors.
J.P. Morgan was an investment bank that offers various investment services to investors and was known as the investment bank that underwrote the most bonds in the year 2013 and year 2014.
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Give an example to each of the three categories of influence on customers
Answ er:
Explanat ion:
An entrepreneur is a person who__a business venture.
assumes the risk for
organizes
does not get involved in
operates
Answer:
assumes the risk for organizes
Explanation:
because in every business there is profit or loss if we don't take risk how we achieve our goal
How can a companies sales people help with product development?
A company's sales people can help with product development as they can be a source of ideas. The right answer is B.
Product development, is the process of conceptualising, designing, developing, and selling freshly produced or recently relaunched goods and services. The entire process of creating a product, from conception through market launch, is referred to as product development. Salespeople represent their companies by adding value for the clients of their companies.
They also help by taking charge of relationships, returning to their organisations the knowledge of their markets and customers. Sales provide vital customer and market analysis data for the needs of the product, as well as supplementary data like product feedback and potential improvement suggestions to product development.
The correct answer is option B.
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The question seems incomplete. The complete question is:
How can a company's salespeople help with product development?
A.They do not have a role in product development.
B.They can be a source of ideas.
C.They can sell new products.
D.They can create a prototype.
What would the cost of goods sold be if the cost of goods available for sale totaled $650 and the ending inventory total? $86.
564.00
546.00
5.46
50.64
Answer:
4
Explanation:
i need points for my test
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Answer:
fr
Explanation:
Your friend, Cindy Brady has come to your for advice. She graduated from college three years ago. She was hired right out of college by a firm she had interned with the summer before her senior year. Her salary is $50,000/year. She has health and dental insurance through her employer (premiums are deducted from paycheck). They also offer a 401(k) that she is eligible for. During college, she had always planned to begin contributing to a 401(k) with her first paycheck, but she was not eligible with this employer until she worked there for one full year. By the time she was eligible, she had purchased a new car, so still didn't begin contributing. She was able to pay her credit cards off, but shortly after that, she moved to a nicer (and more expensive) apartment with some friends, so she still doesn't seem to have any of her paycheck left, and still has not started saving for retirement. She knows that the longer she waits to begin saving, the harder it will be so she has come to you for advice on how she can get her budget under control and start saving. Cindy has previously written out her budget and expects to have almost $300 leftover that she would use to begin saving, but her savings accounts never seems to grow. Also, a few years ago Cindy found herself with rising credit card debt and she was beginning to have difficulty making even the minimum monthly payments. She made some spending changes and began making higher than minimum payments a few months ago and had reduced the balance somewhat, but they are taking longer to pay off than she expected.
Monthly Paycheck
Gross Salary 4,167
FICA Tax 319
Fed w/h 225
State w/h 80
Health Insurance 200
Dental Insurance 50
Net Paycheck 3,293
Budget
Paycheck 3,293
Less expenses:
Rent 1,200
Student Loan Payment 300
Auto Payment 300
Auto Insurance & Fuel 250
Utilities 350
Groceries 300
Misc Exp/Entertainment 300 3,000
Surplus 293
Statement Balances
Auto Loan 17,000
Student Loan 12,000
Credit Card Balance 2,500
Checking Account 1,500
Savings Account 500
Other Assets (Market Value)
Car 15,000
Personal Property 5,000
Cindy has tracked her spending using her checking account and credit card statements. Below are her ACTUAL average monthly expenses:
Rent 1,200
Student Loan Payment (income driven-plan) 140
Car Payment 400
Auto Insurance & Fuel 250
Renters Insurance 50
Food (groceries) 350
Utilities 350
Entertainment/Miscellaneous (including eating out) 500
Clothing 125
ATM withdrawals 160
Credit Card payment 100
(more than minimum, but doesn't pay in full)
Please answer these questions:
1) Assemble Cindy's net worth statement. Be sure to label categories, subcategories, and accounts as appropriate.
2) Assemble Cindy's monthly budget.
3) What is Cindy's net worth?
4) Current ratio?
5) Debt ratio?
6) What is Cindy's monthly surplus/deficit?
7) Is Cindy's monthly rent payment in-line with accepted recommendations? Explain.
8) Savings rate? (use gross income)
9) Is Cindy meeting her stated monthly budgeting goals? Support your answer.
10) If not, give at least two specific suggestions to correct this.
11) Is Cindy's emergency fund sufficient? If not, what amount should she be working towards?
12) Why is it taking Cindy so long to pay off her credit cards? (give at least 2 primary reasons)
13) Comment on Cindy's student loan repayment plan and any concerns or suggestions you have for her.
14) Since Cindy was not eligible for her company's 401(k) during her first year of employment, what could she have done to stick with her plan of beginning to save for retirement with her first paycheck?
THANK YOU
Answer:
Explanation:
can i get the answer
is natalie davis actively involved in the decisions of the business woolworths
Yes, Natalie Davis is actively involved in the decisions of the business Woolworths.
The Board of Directors has a unified structure, consisting of an independent chairman, senior independent directors, a chief executive officer, and an appropriate number of executive and non-executive directors, with a majority of non-executive directors.
The company employs approximately 5,610 people, operates in Australia, New Zealand, Hong Kong, Singapore, and South Africa, and is managed by its headquarters in Burnley, Victoria. Woolworths International (Australia) is a wholly-owned subsidiary of South Africa-based Woolworths Holdings Limited.
Woolworths' food strategy focuses on its three key principles: Growth: Innovate to meet more demands from these customers. When. Efficiency: Bring more benefits to your customers through efficient organization and the introduction of a lean retail model.
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Critique the case: How did Karin originally approach the project? Comment specifically about Karin’s project management skills and approach? 2. While assessing the case, draw a project organigram, identifying the role-players/ stakeholders and whether they were all in original agreement of the project?
The project organigram should identify the role-players and stakeholders involved in the project and determine if they were all in original agreement.
Who are the role-players and stakeholders involved in the project?The project organigram outlines the key individuals and entities involved in the project including project managers, team members, clients, executives and any other relevant stakeholders.
It also highlights their roles, responsibilities, and relationships within the project structure. Assessing whether they were all in original agreement requires examining the project's initiation phase and the documented agreements such as contracts, memorandums of understanding or project charters.
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If you expect to get a substantial raise six months from now, and you are like most people, it will
If you expect to get a substantial raise six months from now, it will not affect your current consumption because you haven't received the money yet.------ False
What does substantive use mean?
Substantial use means that the creator of the intellectual property receives more than normal support for the project or is given time and/or resources dedicated to the project.
What are the Substantial changes?Common "significant changes in circumstances" include:Job loss or acquisition, sudden change in either party's finances, relocation of the party or a child, death, change in child's wishes, etc.
What is substantial force?Significant impact means that, based on current scientific data and knowledge, a species or native plant or animal community falls below a level at which it can sustain itself on a national or regional basis, or a species is threatened with extinction. endangered or endangered.
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In Infosys BPM ltd, during the client audit,the external auditor seeks for your credentials.what would be your response
I would respond to the external auditor's request for credentials by providing my employee ID card, relevant certifications, and references to establish my qualifications and expertise.
During a client audit at Infosys BPM Ltd, if the external auditor seeks my credentials, I would respond in a professional and transparent manner. I would provide them with the necessary information to establish my credentials and assure them of my qualifications and expertise.
I would begin by presenting my identification, such as my employee ID card, which clearly displays my name and position within the company. I would also provide any relevant certifications or degrees that validate my qualifications in the specific area being audited. Additionally, I would offer references or contact information of supervisors or colleagues who can vouch for my work and knowledge.
It is crucial to maintain open communication and build trust with the external auditor. I would address any concerns they may have and be prepared to answer any questions regarding my role, responsibilities, and experience in the relevant field.
Ultimately, my aim would be to demonstrate that I possess the necessary credentials and expertise to fulfill my responsibilities effectively and contribute to a successful audit process.
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29.
An operation was closed because of an extended electricity failure. When can it
begin service again?
It can begin service again approval is obtained from the regulatory authority.
When can service startThe duration for an organization to recommence its services after enduring a foremost electricity malfunction relies on several elements, such as the character of the operation, the magnitude of destruction caused by the power cut-off, as well as the accessibility of supplies requisite to renew operations.
For instance, if the establishment is a minor retail outlet, it can possibly resume working once the power source is restituted and various necessary safeguards have been established. Conversely, if the business is a major production concern or informatics server, it could take longer to reinstate tasks due to the meticulously intricate facilities and networks entailed.
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Using the rule of 72 how many years will it take to double $5,000 earning 4 percent interest
The rule says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72. For example, if you want to know how long it will take to double your money at eight percent interest, divide 8 into 72 and get 9 years.
i HOPE IT'S HELPAnswer:
Explanation:
it’s 12 %
Phi Beta Lambda (PBL) serves which group of students?
A- high school students
B- middle school students
C- Elementary school students
D- College students
Answer:
D: College Students
Explanation:
FBLA is for High School, so that means that Phi Beta Lambda is for College. Higher level
Answer:
A hope this help's :D
Explanation:
Market research can help you strategize your _______ and _______ goals.
Primary research is more _______ than secondary research.
Your first marketing priority is to find out if you can _______ your product or services.
The grouping of people for marketing purposes is called _______.
Once you find out what people want, there’s a need to know the _______ for their choices.
Market research can help you strategize your business and marketing goals.
Primary research is more specific and tailored to your specific needs than secondary research.
Your first marketing priority is to find out if you can sell your product or services.
The grouping of people for marketing purposes is called segmentation.
Once you find out what people want, there's a need to know the motivations for their choices.
Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.
By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.
Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.
While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.
When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.
Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.
Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.
By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.
Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.
By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.
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A common stock just paid a dividend (D0) of $3.35 per share. Dividends are expected to rise at the rate of 10% per year forever. If the interest rate on this stock is 14% per year, what will the price of this stock be in Year 36?
A. $0.28
B. $12.56
C. $77.96
D. $388.26
E. $1,404.64
Task: Sales and Marketing Activities of a Company
Select a publicly held company that is well-known for marketing its products. Search its
website and procure a few years' sales reports and annual reports, including sales and
revenue graphs. You could choose any Fast Moving Consumer Goods (FMCG), mobile, or
automobile company-or a company dealing in anything else that interests you. Analyze the
company's sales data and revenue figures, and write an essay summarizing the company's
performance over the last few years.
Type your response here:
After analyzing the company's sales data and revenue figures, it is found out that it has good sales in the Fast Moving Consumer Goods (FMCG).
What are Fast Moving Consumer Goods?
Products that sell quickly and at a low price are referred to as fast-moving consumer goods (FMCG), sometimes known as consumer packaged goods (CPG). Examples include non-durable household items including packaged food, drinks, toiletries, candy, cosmetics, over-the-counter medications, dry goods, and other consumables. Fast-moving consumer goods have a high inventory turnover in comparison to specialty items, which have smaller sales and greater carrying costs. Especially in hypermarkets, big box stores, and warehouse club stores, many retailers solely stock FMCGs. Fast moving goods are also stocked at small convenience stores, where they take up more of the limited shelf space. In rural locations, customers often buy things from adjacent towns and villages.
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When drafting an end-of-year summary report to her supervisor about the status and sales of the restaurant's newest pizza, Diane omits details about negative customer feedback. By only reporting positive feedback, which barrier of effective communication is she using?
A) deceptive tactics
B) perceptual differences
C) distractions
D) information overload
Rank order the vendors, keeping the Seasonal Product Team's needs in mind.
1
M
Rank
2 D
4
P
K
Flexibility
Vendor
O Low Amount
↑ Increasing 10%
Castomer Issues
Quantity Shipped
O
O
Shipped On Time
Moderate Amount
Decreasing 10%
●T
High Amount
D
Since the primary goal of the seasonal team is to guarantee that products are available as and when needed and in the appropriate quantities, the vendor must have some qualities.
These include-
Flexibility to make changes in product demand, Fewer customer issues, Above average ratings in product shipping, And the ability to ship the products on schedule.Analysis of Vendors-
1. The advantages of vendor P-
-P include great flexibility and little customer complaints. The amount transported is small, despite the fact that delivery times are long and rising by 10%. P cannot thus be suggested.
2. Vendor D-
D is very adaptable, customer problems are growing by 10%. Furthermore, despite the great quantity, only a small percentage of the items are delivered on time. D thus cannot be suggested.
3. Vendor K -
K has a modest level of flexibility and some growing customer difficulties (the latter by 10%). While they are delivered on time, the amount sent is fair. K is therefore advised.
Hence keeping the Seasonal Product Team's needs in mind, the vendors K, P, D can be ranked in orders as 1,2,3 respectively.
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A machine shop has 100 drill presses and other machines in constant use. The probability
that a machine will become inoperative during a given day is 0.002. During some days, no
machines are inoperative, but on other days, one, two, three, or more are broken down.
What is the probability that fewer than two machines will be inoperative during a
particular day?
The probability that fewer than two machines will be inoperative during a particular day is approximately 0.982201, or 98.22%.
How did we get the value?To find the probability that fewer than two machines will be inoperative during a particular day, calculate the probability of having zero or one machines inoperative.
Denote the event "a machine becomes inoperative during a given day" as A. The probability of this event is given as P(A) = 0.002.
To calculate the probability of fewer than two machines being inoperative, calculate the probability of zero machines being inoperative (P(0)) and the probability of one machine being inoperative (P(1)), and then sum them up.
The probability of zero machines being inoperative is given by:
P(0) = (1 - P(A))¹⁰⁰
= (1 - 0.002)¹⁰⁰
= 0.980198
The probability of one machine being inoperative is given by:
P(1) = 100 × P(A) × (1 - P(A))^99
= 100 × 0.002 × (1 - 0.002)^99
= 0.198003
Now, calculate the probability of fewer than two machines being inoperative:
P(fewer than two) = P(0) + P(1)
= 0.980198 + 0.198003
= 0.982201
Therefore, the probability that fewer than two machines will be inoperative during a particular day is approximately 0.982201, or 98.22%.
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Bullwinkle Co. acquired an adjacent vacant lot with the hope of selling it in the future at a gain. The lot is not intended to be used in Bullwinkle business operations. Where should such real estate be listed on the balance sheet?
Johnson Cleaning Service has the following account balances on December 31, 20X1.
Cash
Equipment
Accounts payable
Elicia Johnson, Capital
$ 76,000
184,000
96,800
163,200
Based on the type of accounts they are, the proper classification will be:
Cash - Debit balance.Equipment - Debit balance. Accounts payable - Credit balance. Capital - Credit balance. Classifying the balancesThe question asks that the above balances are put on the appropriate side of a T Account.
The proper way to do this will be:
Dr. Account Title Amount Account title Amount Cr.
Cash $76,000 Accounts payable $96,800
Equipment $184,000 Elica Capital $163,200
In conclusion, assets go to the left side and capital and liabilities to the right.
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Accounts classification: Cash - Debit balance, Equipment - Debit balance, accounts payable - Credit balance, Capital - Credit balance.
T-account is a visual representation of an account used in bookkeeping. The T-account gets its name from its resemblance to the letter "T."
A T-account consists of two sides: the left side is called the debit side (or "dr" for "debit"), and the right side is called the credit side (or "cr" for "credit").
The proper T- account of the Johnson Cleaning Service, will be:
Dr. Account Title Amount Account title Amount Cr.
Cash $76,000 Accounts payable $96,800
Equipment $184,000 Elica Capital $163,200
Total Credits $260,000 Total debits $260,000
Thus, this is the proper way of showing a T- account.
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Johnson Cleaning Service has the following account balances on December 31, 20X1.
Cash $ 76,000
Equipment 184,000
Accounts payable 96,800
Elicia Johnson, Capital 163,200
Enter the above balances on the proper side of the T-account.
What amount must be set aside now to generate payments of $30,000 at the beginning of each year for the next 11 years if money is worth 5.95%, compounded annually? (Round your answer to the nearest cent.)
The amount that must be set aside in the present, to generate payments of $30, 000 for the next 11 years is $251,326.61
How to find the amount to set aside?The $30, 000 generated each year is an annuity which means that the amount to be set aside today is the present value of the annuity.
Because the payments come at the beginning of the year, this is an annuity due which means that we are looking for the present value of an annuity due.
This present value can be found as:
= Annuity amount x Present value of annuity due factor, 11 years, 5.95%
= 30, 000 x 8.38
= $251,326.61
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In which of the following situations would Elijah be liable for the loss of the wheat against the new buyer?
a. If the buyer had not actually taken possession of the goods. b. If delivery had already occurred. c. If the buyer purchased the entire harvest rather than a portion. d. If the goods were considered fungible.
Answer:
A. If the buyer had not actually taken possession of the goods
Explanation: