Shores Sports rents canoes and kayaks. Below is the adjusted trial balance at December 31.

Debit Credit
Cash 1,500
Accounts Receivable 2,000
Interest Receivable 100
Prepaid Insurance 1,600
Notes Receivable (Long-Term) 2,800
Equipment 15,000
Accumulated Depreciation 3,000
Accounts Payable 2,400
Accrued Expenses Payable 3,920
Income Taxes Payable 2,700
Unearned Rent Fees 500
Common Stock 7,700
Dividends 2,000
Rental Revenue 37,000
Service Revenue 1,300
Wages Expense 19,000
Depreciation Expense 1,800
Utilities Expense 320
Insurance Expense 700
Maintenance Expense 9,000
Income Tax Expense 2,700
58,520 58,520

The entry required to close the revenue and expense accounts at the end of the period includes a:

a) credit to Retained Earnings for $4,780.
b) credit to Retained Earnings for $38,300.
c) debit to Retained Earnings for $4,780.
d) debit to Retained Earnings for $38,300.

Pick n Pay's proposed strategy, known as Ekuseni, aims to implement changes in their brand and take the fight to competitors. The strategy, conceived in September last year, focuses on strategic planning and was launched recently. While the strategy holds potential for success, there are risks associated with its implementation.

1. Pick n Pay's proposed strategy, called Ekuseni, includes changes to their brand and a competitive approach to rivals. This strategic plan was conceived in September last year, with the term Ekuseni referring to "dawn" in Zulu.

2. The strategy aims to revamp the brand image and position Pick n Pay as a strong competitor in the market. By taking the fight to competitors, the company intends to gain a competitive edge and attract more customers.

3. The launch of the new strategic plan indicates that Pick n Pay is committed to implementing this strategy and achieving its goals. It demonstrates the company's intention to adapt and stay relevant in the evolving market.

4. However, like any strategic plan, there are potential risks associated with its implementation. These risks include customer resistance to changes in the brand, increased competition from rivals, and potential financial strains due to the cost of rebranding and marketing efforts.

5. Customer resistance is a common risk when brands undergo significant changes. If the proposed strategy doesn't resonate with Pick n Pay's target market, it could lead to a decline in customer loyalty and affect sales.

6. Additionally, taking the fight to competitors may trigger retaliatory actions from rival companies. This could result in intensified competition, price wars, and potential market share loss for Pick n Pay.

7. Finally, implementing a new strategic plan involves financial investments. The cost of rebranding, marketing campaigns, and operational changes may strain the company's resources, potentially impacting its financial stability.

In conclusion, while Pick n Pay's proposed strategy holds promise for the company's growth and competitiveness, there are risks involved. Proper planning, market research, and effective execution will be crucial to mitigating these risks and ensuring the success of the strategy.

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Answer:

Physical distribution.

Explanation:

In Business marketing, physical distribution can be defined as all the series of activities with respect to the supply of finished goods from production line (factory) to the end users or consumers.

Physical distribution is an activity which combines inventory management, order processing, warehousing, material handling, customer service, packaging, market forecasting, logistics and transportation.

Basically, physical distribution deals with the planning, organizing, implementation and control of the movement of goods and services in order to meet the demands of consumers.

Answer:

Results are below.

Explanation:

Giving the following information:

It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month.

Sales:

January= $205,000

February= $266,800

March= $316,800

Cash collection January:

Sales in cash from January= 205,000*0.75= 153,750

Total cash collection January= $153,750

Cash collection February:

Sales in cash from February= 266,800*0.75= 200,100

Sales in account from January= 205,000*0.25= 51,250

Total cash collection February= $251,350

Cash collection March:

Sales in cash from March= 316,800*0.75= 237,600

Sales in account from February= 266,800*0.25= 66,700

Total cash collection March= $304,300

Answer:

Pareto chart

Explanation:

A Pareto chart can be regarded as bar graph, The lengths of the bars are been arranged having longest bars on the left, on the right is the shortest bar, with this arrangement the chart visually gives a depiction about which situations are more significant. The lengths of the bars gives a representation of frequency or representation of cost i.e time or money. It should be noted that Pareto chart is the tool within the "Assessing Opportunities" step of the Strategic Sourcing Process that graphically orders categories of numerical data in descending order so that the most important categories are easily recognized.

The tool within the "Assessing Opportunities" step of the Strategic Sourcing Process that graphically orders categories of numerical data in descending order so that the most important categories are easily recognized is called a Pereto chart

A Pareto chart is simply known to be a type of chart that has bars and a line graph. It is the point where individual values are shown in descending order by bars, and the cumulative total is shown by the line.

Conclusively, the charts are used to show areas to focus on first in process improvement.

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Answer:

RM23,617.80

Explanation:

cost of the painting RM99,800

she has RM12,650 on her bank account and she will use 70% = RM8,855 as down payment. She will borrow the rest = RM99,800 - RM8,855 = RM90,945

interest charged on the loan 4.77% / 12 = 0.3975%

120 monthly periods (10 years)

using the present value formula to determine the monthly payment:

PV = monthly payment x annuity factor

monthly payment = PV / annuity factor

PV = 90,945

annuity factor (120 periods, 0.3975%) = 95.26168

monthly payment = 90,945 / 95.26168 = 954.69

total payments = 120 x 954.69 = RM114,562.80

interests paid = RM114,562.80 - RM90,945 = RM23,617.80

Answer:

6th October, when is yours..?

Answer: $690,044

Explanation:

First calculate WACC.

Total capital = 10 + 8 = $18 million

WACC = (Weight of debt * after-tax cost of debt) + (weight of equity * cost of equity)

= (8/18 * 3%) + (10/18 * 15%)

= 9.67%

Using the WACC, find the present value of the cashflows for the next 5 years. This will be an annuity.

= 180,500 * (1 - (1 + r) ^-n)/r

= 180,500 * ( 1 - ( 1 + 9.67%) ^ -5)/9.67%

= $690,044.67

= $690,044

They should pay no more than this present value.

Answer:

A. 600

B. 0

C. 0

D. -1100

E. -1000

Explanation:

For part A you are asked to find the change in GDP with the addition of paying a babysitter $600. The GDP beforehand was the total income from both Vinny and Sandra which is $1200 + $1000 = $2200. For these questions, you are being asked to find a change in GDP which would simply be the addition of $600. Similiary, for part B there is no change in GDP because they do not pay Sandra's mother, so the change in GDP is 0. For part C, since the payments are not reported, there is no change in GDP. Part C can be thought of as a reference to the shadow market and GDP from the shadow market is not recorded. Part D has a negative 1100 because they each go back to work part-time, Vinnie earning $500 per week and Sandra earning $600. The change in GDP would be negative because they are losing 1100 in order to care for a new child. For part E, Vinnie gives up all his income which would normally amount to $1000 per week. The change in GDP is therefore negative.

The change in GDP for each situation will be:

According to the question,

Whenever both work full time and had no child care then the b will be:

= \(1000+1200\)

= \(2200\)

(a)

New GDP,

= \(1000+1200+600\)

= \(2800\)

Change will be:

= \(2800-2200\)

= \(600\)

(b)

→ When mother doing child care isn't part of GDP then,

New GDP,

= \(1000+1200\)

= \(2200\)

Change will be:

= \(2200-2200\)

= \(0\)

(c)

→ Private non-reported transaction isn't a part of GDP then

New GDP,

= \(1000+1200\)

= \(2200\)

Change will be:

= \(2200-2200\)

= \(0\)

(d)

→ Working part time so will earn half of wages then,

New GDP,

= \(500+600\)

= \(1100\)

Change in GDP,

= \(1100-2200\)

= \(-1100\)

(e)

Only Sandra works then,

New GDP,

= \(1200\)

Change in GDP,

= \(1200-2200\)

= \(-1000\)

Thus the above answers are correct.

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Answer:

yas

Explanation:

The information provided is incomplete as the amount of equity or any specific details about Irene Chan's investment in the property management company are not given. Therefore, without knowing the specific amount or percentage of equity Irene Chan holds in the company.

it is not possible to determine the exact value of the owner's equity or Irene Chan's equity in the property management company.Equity represents the ownership interest in a company and is calculated by subtracting the company's liabilities from its assets. However, since no information is provided regarding the company's liabilities, assets, or Irene Chan's investment.

We cannot calculate the owner's equity or determine Irene Chan's specific equity in the property management company.To accurately determine the owner's equity or Irene Chan's equity, it would be necessary to have additional information about the company's financial statements, investments, and any other relevant details regarding ownership stakes or capital contributions.

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Answer: B. Borrowing more than you can pay back, or borrowing more than is necessary

For the lyrics "Last time you told me you proud of me, you weren't proud of me You was the who doubted me I was too mad at you You let 'em come you, my brother That was a tragedy..."  the artist was Lil Durk

This is further explained below.

Generally,  American rapper and musician Lil Durk, whose real name is Durk Derrick Banks, is better known by his stage name. He is the most prominent member of the collective as well as the one who established the record label Only the Family. After the publication of his Signed to the Streets mixtape series, Durk attracted the attention of a dedicated fan base, which ultimately led to the signing of a record contract with Def Jam Recordings.

In conclusion, For the lyrics, "Last time you told me you proud of me, you weren't proud of me You was the who questioned me I was too upset at you You allowed 'em come you, my brother That was a tragedy...", see below. The performer's name was Lil Durk.

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The specific information characteristic that suffered in the given scenario is accuracy.

Whenever a customer applies to open an account with a bank, they are required to register with the bank's system. This registration allows them to access the required services whenever the need arises. However, in Abebe's case, the customer had been registered but was unable to get the required service because of an error in data entry recording his personal information. As a result, the teller was unable to verify Abebe's account even though the customer was registered with the bank. This error in data entry illustrates that accuracy suffered in this scenario. This shows the importance of accurate data entry, especially in the banking sector where mistakes could lead to customer dissatisfaction and loss of trust.

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Answer:

Credit unions are able to offer lower rates compared to traditional banks because of their business structure. Most banks are for-profit companies, meaning they reinvest their income to earn more profit or they pay it out to shareholders. Banks are also subject to federal and state income taxes.

The first step in researching a small business in your neighborhood is to find a suitable nearby manufacturing company.

Once you do, contact the manager or owner to arrange an interview. Gather general information during the interview, such as the name of the company or business, what types of products or services they provide, the interviewer's position, and the time and date of the interview.

Then, focus on the detrimental effects different situations can have on the company. Briefly describe the impact on business of informational gaps, price discrimination, immobility of production variables (with a focus on physical capital), and structural changes.

Interview three to four locals who live close to the establishment you just visited. Ask them to list two unfavorable and two beneficial externalities brought about by the neighborhood business. Ask them to add two properties of public goods to the list as well.

Finally, use the data from the interviews to create graphs showing the positive and negative externalities of business on society. These infographics will graphically describe the costs and benefits that the company's neighborhood has.

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Answer:

Expected return = 15.25%

Variance = 80.31

Standard deviation =  8.961

Explanation:

Expected value of return (Er) =

(0.35 × 5%) + (0.45× 15%) + (0.20 × 30%)= 15.25 %

Variance and standard deviation

  Outcome      Rate   Deviation  Variance

                                    r- Er         (r-Er)^2.P

Mild               5          -10.25        36.771875

Growth         15          -0.25         0.028125

Strong          30            14.75        43.5125

Total                                                80.3125

Variance = 80.3125

Standard deviation = √variance = √80.3125

                             =  8.96

Expected return = 15.25%

Variance = 80.31

Standard deviation =  8.961

Explanation

alternative plan means a plan of reorganization (other than the Plan) that does not include Investor and/or funds managed by Investor as the sole new money underwriter.

ANSWER

PLAN

MARK AS BRAINLIEST PLEASE

Answer:

$13,000

Explanation:

Given the above information, the adjusting entry to record estimated bad debt expense includes

= Credit sales × Estimated bad debt expense of credit sales

Given that

Credit sales = $650,000

Estimated bad debt of credit sales = 2%

= $650,000 × 2%

= $13,000

Therefore, the adjusting entry to record estimated bad debt expense includes $13,000

The double-declining balance method is an effective way to depreciate assets in the early years of their useful life and reduce the balance of the asset more quickly than the straight-line method. This helps companies to account for the asset's cost more accurately over time and to recognize its diminishing value as it ages.

Double-declining balance method is a method of depreciation that is an accelerated method.

The depreciation rate is twice as much as the straight-line method's depreciation rate.

This method begins with an asset's value at the beginning of its use and then decreases at a constant rate throughout its useful life until it reaches the asset's salvage value.

This depreciation method is most commonly used for assets that depreciate quickly at the beginning of their useful life and then slowly depreciate over time until they are scrapped or sold.

Assets such as computers, vehicles, and machinery are common examples of assets that use this method of depreciation.

Double-declining balance method can be calculated using the following formula:Annual depreciation = (2 / useful life in years) * book value at the beginning of the yearOrDepreciation rate = 2 / useful life in years.

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Where an employee's productivity drops due to longer call times with customers, they may be most likely to seek support and feedback, while least likely to avoid discussing the issue or cut corners.

In a hypothetical scenario where an employee's productivity has dropped due to longer call times with customers, they may be most likely to ask their manager or supervisor for support, such as additional training or resources to improve their efficiency on calls.

They may also consider seeking feedback from customers to identify areas for improvement. Least likely, they may avoid discussing the issue with their supervisor or try to find ways to cut corners or rush through calls, which could negatively impact customer satisfaction and the quality of their work.

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The hardest way to make easy money 2.0, therefore, involves putting in a lot of effort and hard work to achieve the promised rewards. It's important to carefully weigh the risks and benefits before jumping into any opportunity, and to have a realistic understanding of the amount of time and effort required to make it successful.

The phrase "the hardest way to make easy money" refers to the idea of putting in a lot of effort, time, and resources into a venture that promises quick and substantial returns. This may include taking on a risky investment, gambling, or engaging in shady business practices.
In the 2.0 version of this phrase, the meaning remains the same but the context has shifted to include the modern-day phenomenon of the gig economy. Today, there are many opportunities to make quick money through online platforms like Uber, Airbnb, or TaskRabbit. However, these opportunities often require a lot of work, time, and effort to be successful.
For example, driving for Uber may seem like an easy way to make extra cash, but it requires putting in long hours, dealing with difficult passengers, and dealing with the stress of traffic and road conditions. Similarly, renting out your home on Airbnb requires investing in furniture, cleaning services, and providing a high level of customer service.
Therefore, the hardest way to make easy money 2.0, therefore, involves putting in a lot of effort and hard work to achieve the promised rewards. It's important to carefully weigh the risks and benefits before jumping into any opportunity, and to have a realistic understanding of the amount of time and effort required to make it successful.

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Answer:

A. Statement of changes in equity

Explanation:

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

Basically, the type of financial statement a potential investor should look at is the statement of changes in equity.

The statement of changes in equity provides an information about the reconciliation of the opening and closing balances of equity with respect to a company at a specific period of time.

Answer:

buying a second house

Explanation:

bonds have a high chance of providing returns whereas the housing market is very hard to predict

The Christopher Simmons case raised the question of whether it is constitutional to execute defendants who were under the age of 18 at the time of their crime.

Roper v. Simmons, 543 U.S. 551 (2005), was a landmark decision in which the United States Supreme Court ruled that capital punishment for crimes committed while under the age of 18 is unconstitutional.

The 5-4 decision overturned Stanford v. Kentucky[2], in which the court upheld the death penalty for offenders over the age of 16, and overturned statutes in 25 states.

In conclusion, the Supreme Court ultimately ruled in 2005 that it is unconstitutional to execute defendants who were under 18 at the time of their crime, in the case Roper v. Simmons.

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People who volunteer or organize fundraisers typically use donated items in several ways to maximize their impact providing both financial and experiential value, while fostering community involvement and support for the cause.

Firstly, they assess the donated items to determine their suitability for the event's goals. If the items align with the fundraiser's purpose, they may include them in auctions, raffles, or silent auctions to generate funds. High-value items or unique experiences are often reserved for live auctions to attract higher bids.

In addition to generating revenue, donated items can serve as incentives to encourage donations. Volunteers may offer them as rewards for specific donation thresholds or use them as prizes for fundraising challenges. By leveraging the donated items in this way, organizers motivate participants to contribute more generously.

Moreover, donated items can be used to enhance the overall atmosphere of the fundraiser. They may be displayed to create visually appealing setups, reinforcing the cause and encouraging attendees to engage with the event. For example, art pieces or crafts can be showcased, generating interest and potentially leading to additional donations.

Overall, donated items play a crucial role in fundraising events, providing both financial and experiential value, while fostering community involvement and support for the cause.

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Answer:

3 years

Explanation:

The computation of the time period is shown below

Present value of annuity = Annuity × [1 - (1 + interest rate)^-time period] ÷ rate

$2,000 = $734.42 × [1 - (1.05)^-n] ÷ 0.05

$2,000 = $14,688.4 × [1-(1.05)^-n]

1-(1.05)^-n = ($2000 ÷ $14,688.4)

(1.05)^-n = 1 - ($2000 ÷ $14,688.4)

( 1 ÷ 1.05)^n = 0.86383813

Now take the log to the both sides

n × log(1 ÷ 1.05) = log0.86383813

n = log0.86383813 ÷ log (1 ÷ 1.05)

= 3 years

When the debit portion of an adjusting entry is used to increase the balance of an asset account, the credit portion of the entry will decrease the balance of another account, which will be either a liability account or an equity account.

What is the adjusting entry?Adjusting entries are journal entries that are made at the end of an accounting period to modify the accounts' balances. They are done to update and verify revenue and expense accounts' accuracy, as well as to adjust the balance sheet accounts for adjustments that have yet to be recorded.When should adjusting entries be made?Adjusting entries are typically made at the end of an accounting period. For example, adjusting entries may be needed if a company's insurance premiums have been paid in advance, or if a company has earned revenue but has not yet received payment.Adjusting entries are critical in determining the correct profit and loss as well as the balance sheet, which is why they must be accurate and complete.Adjusting entries are required for each financial statement's following types:Income Statement - revenue and expense accounts are adjusted.Balance Sheet - asset, liability, and equity accounts are adjusted.How are adjusting entries made?Adjusting entries are made with the following steps:Step 1: Determine the transaction or event that necessitates an adjustment. Step 2: Determine which accounts are affected by the transaction or event. Step 3: Decide whether each account is to be debited or credited. Step 4: Make the necessary adjusting journal entries.

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Answer:

As a financial institution or provider of financial products, you have the authority to change the details of fees, charges, credit terms, and costs as you see fit, within the bounds of relevant laws and regulations. However, it's important to be transparent with your clients about any changes you make, and to provide them with sufficient notice of any changes that may affect them.

In addition, it's important to remember that you have a fiduciary responsibility to your clients, which means that you are required to act in their best interests when making decisions about the financial products and services you offer. This includes considering their needs and goals when making changes to fees, charges, credit terms, and costs, and ensuring that any changes you make are fair and reasonable.

Overall, it's important to maintain trust and credibility with your clients by being transparent, fair, and honest in your dealings with them. This can help to build long-term relationships and strengthen your business's reputation in the financial industry.

Explanation:

In the given list accounts payable is a current liability. Thus, the correct answer is C.

The legal debts incurred by a firm to third-party stakeholders are referred to as liabilities. Accounts payable, notes payable, and bank debt are examples of these types of liabilities.

Accounts payable is used to  indicate the money owing to suppliers for products or services that were purchased on credit.

Therefore, option C accounts payable is the correct answer.

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