Sheffield Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2021 at a cost of $1,031,600. At December 31, 2020, the raw materials to be purchased have a market value of $978,300. In 2021, Sheffield paid $1,031,600 to obtain the raw materials which were worth $978,300. Sheffield uses a periodic inventory system. Prepare the entry to record the purchase.

Answer:

True

Explanation: If you have overdraft protection your account

If Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $159,000 Credit sales, $459,000. Flyer estimates bad debt expense assuming that 2% of credit sales have historically been uncollectible. The balance in the allowance for doubtful accounts after bad debt expense is recorded will be: $11,280

First step is to determine the estimated bad debt expense

Bad debts expense=($459,000×2%)

Bad debt expense=$9,180

Now let determine the balance in the allowance for doubtful accounts after bad debt expense is recorded

Balance in allowance for doubtful accounts=$9,180+$2,100

Balance in allowance for doubtful accounts=$11,280

Inconclusion if Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $159,000 Credit sales, $459,000. Flyer estimates bad debt expense assuming that 2% of credit sales have historically been uncollectible. The balance in the allowance for doubtful accounts after bad debt expense is recorded will be: $11,280

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Answer: $8.00

Explanation:

Details missing in question are:

These costs are for 50,000 units.

$250,000 is manufacturing cost. $100,000 is administrative cost.

The total manufacturing cost is shown to be $250,000 above.

A profit of $50,000 is needed in addition to this cost as well as the administrative cost of $100,000.

Total revenue expected is therefore:

= 250,000 + 100,000 + 50,000

= $400,000

50,000 units are to be sold so to make a revenue of $400,000, each unit should be sold for:

= 400,000 / 50,000

= $8.00

Answer:

income driven

Explanation:

if he wants to make monthly payments, income driven is the best option because he would get paid monthly for what ever job, and then pay a percentage of that towards his student loan

The function of a financial planner is to help individuals or organizations define and reach their financial goals through a variety of services, including budget planning. So, correct option is D.

Unlike an investment advisor who is primarily focused on managing investments, a financial planner takes a more holistic approach to a client's financial well-being. They work closely with clients to understand their current financial situation, identify their goals and objectives, and develop a personalized financial plan to achieve those goals.

Financial planners do not share in the profit or loss of their clients' investments, nor do they aim to convince their clients to purchase specific stocks. Instead, they provide unbiased advice and recommendations based on their clients' individual needs and objectives.

Ultimately, the goal of a financial planner is to help clients achieve financial security and success by providing expert guidance, ongoing support, and customized solutions to meet their unique financial needs.

So, correct option is D.

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Willie's guest count percentage variance is 9.82%.

To calculate the guest count percentage variance

Use the following formula:

Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%

Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%

Guest count percentage variance = (7,477 / 76,079) x 100%

Guest count percentage variance = 0.0982 x 100%

Guest count percentage variance = 9.82%

Therefore, Willie's guest count percentage variance is 9.82%.

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Being unbanked has become an increasingly common situation for many individuals in recent years. An unbanked person is someone who has no financial account with any institution. Individuals may choose to be unbanked for a variety of reasons, including a lack of trust in banks due to poor customer service or a negative experience.

A person may have experienced a bad encounter with a bank employee and choose to leave the bank and seek other banking options. They may also be unable to maintain a minimum balance in their bank account, and banks may impose fees for accounts that fall below a certain amount. It can be inconvenient to have to travel to a bank to withdraw money, especially if the nearest bank is far away. Additionally, the time spent waiting in line at a bank can be tedious, and it can be difficult to fit into a busy schedule.

There are alternatives to traditional banks that may be more convenient and better suit the needs of unbanked individuals. Credit unions, for example, offer similar services as banks but are often smaller and more focused on serving the community. Mobile banking apps have also become increasingly popular, offering services such as depositing checks and transferring money.

The use of prepaid debit cards is another option that allows for the convenience of a card without the need for a traditional bank account. The unbanked may also benefit from budgeting tools and financial literacy resources, which can help them make informed financial decisions and take control of their finances. Overall, being unbanked does not mean that an individual cannot access financial services or manage their money effectively.

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Answer:

Patricia has the best wellness so far

Explanation:

Martin: studies with friends, communicating with others? good. Community service? yes, you want to help others. sleeping pills? not healthy, you want genuine sleep. Not forcing yourself to sleep. You might get addicted, that's not good, isn't it?

Norman: Drinking lots of water? good. Skipping breakfast? not good, you still want to eat breakfast, studies say that breakfast is the most important meal of the 3. studying? yeah, and a regular schedule is good. Reading ahead of class? so and so. It's good because you know everything in advance. But what if you miss something? Like the teacher says, oh, we're canceling the test. You study day after day and find out you don't even need to study. That's a waste of time.

Olivia: plenty of water is good. Skipping breakfast again? Not really good. Having family dinners every week? Yeah, Family is important too. Studying with a tutor? Mhm, You should get help if your behind in class.

Patricia: going to the gym? Good exercise, and healthy for your body. Enjoying times with friends? Friends are important in times of need. So yeah, good too. Taking extra courses? yeah, it's important to know what you want to do in the future, or just for fun! No harm at all.

Martin, Norman, and Olivia have just a little problem that they need to fix. Patricia? She's the one.

The correct answer is B. GH¢300,000 was paid on application for the 100,000 ordinary shares issued by KOKO Limited.

The total amount raised from the issuance of 100,000 ordinary shares is calculated by multiplying the number of shares by the issue price per share. In this case, the issue price per share is GH¢10. Therefore, the total amount raised would be 100,000 shares multiplied by GH¢10, which equals GH¢1,000,000. According to the information provided, the amount paid on application iGH¢3 per share. To determine the total amount paid on application, we multiply the amount paid per share by the total number of shares. Therefore, GH¢3 multiplied by 100,000 shares equals GH¢300,000. Therefore, the correct answer is B. GH¢300,000 was paid on application for the 100,000 ordinary shares issued by KOKO Limited.

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Answer:

ok look what i think is all people have something that they need to do but if it has to be under the table then yea but what video are you talking about  

Explanation:

Answer:

I think it is the last one.

Explanation:

Hope this helped Mark BRAINLEST!!!!

The ways that finance and insurance affect our global economy include:

Finance plays a crucial role in allocating capital to its most productive uses. Through the provision of financial services such as banking, investment, and asset management, finance channels funds from savers to investors, supporting economic growth and development.

Insurance plays a vital role in managing risk and protecting individuals and businesses from potential losses. By spreading risk among a large pool of insured individuals or companies, insurance enables businesses to invest and take on new opportunities with greater confidence, contributing to economic growth and stability.

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Answer:

Form 1040x

Explanation:

Answer:

Results are below.

Explanation:

Giving the following information:

Variable expense= $26,770 ($5,240 increase each quarter)

Fixed expense= $41,680

First, we will calculate the total cost per quarter:

Q1= 26,770 + 41,680

Q1= $68,450

Q2= (26,770 + 5,240) + 41,680

Q2= $73,690

Q3= (32,010 + 5,240) + 41,680

Q3= $78,930

Q4= (37,250 + 5,240) + 41,680

Q4= $84,170

Now, the total cost:

Total annual cost= $305,240

The correct answer is:

d. Cash paid for equipment

Cash flows from investing activities include transactions related to the acquisition or sale of long-term assets such as property, plant, and equipment. Cash paid for the purchase of equipment would be categorized as an investing activity because it involves the outflow of cash for the acquisition of a long-term asset.

The amount of the after-tax salvage value of the equipment is $31,850. Option B

To determine the after-tax salvage value of the equipment, we need to calculate the salvage value at the end of the project and then apply the tax rate.

Therefore, the salvage value is:

Salvage Value = 5% of $980,000

             = 0.05 * $980,000

             = $49,000

The tax rate is given as 35 percent, so we can calculate the after-tax salvage value as:

After-Tax Salvage Value = Salvage Value - Tax on Gain

                       = $49,000 - (Tax Rate * Gain)

                       = $49,000 - (0.35 * $49,000)

                       = $49,000 - $17,150

                       = $31,850

Therefore, the amount of the after-tax salvage value of the equipment is $31,850.

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Answer:

The answer is A: The value of the person's home increased.

Explanation:

Keywords here are property tax indicating that the answer would most likely mention a piece of land or a house.

It is list of balances in the book

Option A is correct

Answer: the baker to supply less bread now than she was supplying previously

Explanation: Going by the concept of demand and supply with respect to price of goods and services which is a factor which affects these two economic phenomenon, When there is a perceived or possible rise in the price of goods and services, manufacturers in a bid to maximize profit, tends to hoard the available amount of goods available, by supplying the market below the usual amount. Conversely, when there is a perceived decline in future price, they tend to supply more than usual in other to reduce or minimize loss.

2. The types of businesses that market their goods are businesses that would want to reach a larger consumer base for their products

Various types of businesses market goods and services. These businesses can be classified based on the nature of the products or services they offer, the target market they serve, or the way they sell their goods and services.

One way to classify businesses is by the products or services they offer, such as:

Consumer goods: These are products meant for personal or household use, such as clothing, electronics, or food. Examples of businesses that market consumer goods include Walmart, Best Buy, and McDonald's.

Business-to-business (B2B) goods: These are products or services that companies sell to other businesses. Examples include raw materials, office supplies, and consulting services. Businesses that market B2B goods include Staples, Accenture, and Grainger.

Services: These are non-tangible offerings, such as healthcare, education, or banking. Examples of businesses that market services include hospitals, universities, and Bank of America.

Another way to classify businesses is by the way they sell their goods or services, such as:

Brick-and-mortar: These are businesses with a physical location where customers can come to buy products or services. Examples include Target, Starbucks, and Home Depot.

E-commerce: These are businesses that sell products or services through the internet, such as Amazon, eBay, and Etsy.

Direct sales: These are businesses that sell products or services directly to consumers, often through home-based sales parties or personal consultations. Examples include Avon, Mary Kay, and Tupperware.

3. If you're interested in starting a retail business, here are some types of retailers and their pros and cons to consider:

Brick-and-mortar store: This is a traditional retail store with a physical location. Pros include the ability to offer a personalized shopping experience, the opportunity to connect with the local community, and the ability to display products for customers to see and touch. Cons include the high overhead costs of renting or owning a storefront, the need to hire and manage employees, and the risk of losing business to online competitors.

E-commerce store: This is a retail business that operates exclusively online. Pros include the ability to reach a wider customer base, the convenience of shopping from home, and the lower overhead costs of not needing a physical storefront. Cons include the need to invest in website design and development, the difficulty of standing out among competitors, and the challenges of managing shipping and returns.

Pop-up store: This is a temporary retail location that can be set up in various places, such as a mall or a street corner. Pros include the ability to test the market and experiment with different locations, the flexibility of not being tied to a long-term lease, and the opportunity to create buzz and excitement around the brand. Cons include the need to constantly move and set up shop, the challenges of finding a suitable location, and the risk of not generating enough revenue during the limited time period.

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Answer:

June 23 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account.

Sept. 21 The note is dishonored by Radon Express Co.

Oct. 21 Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Radon Express Co. on September 21.

Explanation:

There are four different sorts of accounts that require adjusting. They are deferred revenues and expenses as well as accumulated revenues and expenses. Money earned during one accounting period but not received until another is referred to as accrued revenue.

Accounting is the activity of keeping records of a company's financial transactions. Journal entries are how the accountants condense the transactions. In bookkeeping, these entries are utilized.

According to the rules set forth by the auditors and other governing agencies, the accountants create the books of accounts. The accountants may adhere to IFRS (International Financial Reporting Standards) or generally accepted accounting principles (GAAP)

An analyst can gain a good picture of the company's financial status by reading the book of accounts. Therefore, the book of accounts is required to determine the firm valuation for publicly traded corporations.

The financial statements of a big company provide an overview of its operations, financial situation, and cash flows during a specific time period.

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Answer: True

Explanation:

Recapitalization refers to a process where a company alters its capital composition. For instance, it can acquire more debt whilst reducing its equity holdings.

Recapitalization can affect the number of shares that a company has and the weight of those shares in relation to debt but it does not change the price of the stock so this statement is true.

Answer:

The characteristics of preferred stock that resemble that of common stock is that both give the stockholder partial ownership of the entity, otherwise, called equity rights.

Explanation:

Preferred stocks do not confer on the stockholders the right of repayment until the company is liquidated, just like common stock, unless they are redeemable.  They can be converted to common stock.  Unlike common stock, preferred stock does not give voting rights to the stockholders.  Preferred stockholders enjoy priority over a company's income because they are paid dividends before common stockholders.

Answer:

$47.747.44

Explanation:

After 14 years, the salary will be equivalent to the future value of $28,500 at 3.5% compound interest.

The formula for calculating compound interest is as follows.

FV = PV × (1+r)n

where FV = Future Value

PV = Present Value... 28,500

r = annual interest rate.... 3.5%

n = number of periods...15

Fv = $28,500 x ( 1+ 3.5/100)15

Fv = $28,500  x ( 1+0.035)15

Fv =$28,500 x 1. 67534883

Fv =$47.747.44

On the revenue, he gets a 32% commission. He sold 20 cars in the past month, generating a dealer profit of $21,385. He receives $6843.2 in commission.

A commission in business is a payment made to a person or organization based on the sale of a good or service; it is typically measured as a percentage. Gross margin times the proportion of commissions is the most common commission formula.

The percentage or fixed payment attached to a specific volume of sales is known as the commission rate. For illustration, a fee can be $30 for each sale or 6% of sales.

Simply multiply the sale price by the commission rate and divide the result by 100. Consider this calculation: A blue widget costs $70. The salesperson is paid on commission; each deal nets him or her 14%, or $9.80.

In the above questions:

sales total made= $ 21,385

percentage of commission= 32%

Commission amount= 21,385 X 32%

= $6843.2

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I agree that "automation is bad for the economy because machines will eventually replace almost all human workers, creating high unemployment and poverty". This is because with automation, most jobs will be done by machines and robots. This will leave a large percent of human workers jobless.

Automation may result in job losses and wage reductions. Be aware that those who can operate machines are thought to be more productive than those who cannot.

Keep in mind that automation tends to reduce both the costs and prices of goods and services, making consumers feel richer while also causing certain human skills to be lost.

Accordingly, the following abilities will be lost as automation is implemented:

A. Communication Skills.

B. Social Skills.

C. Critical Thinking

D. the application of imagination and reflection.

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