These journal entries record the impact of each transaction on the respective accounts. It is important to note that the accounts used in the entries may vary based on the specific chart of accounts and accounting practices followed by Tamarisk, Inc.
To journalize the transactions for Tamarisk, Inc., we will record the details of each transaction in the general journal. Here are the journal entries for the given transactions:
March 2:
Issued 4,100 shares of $5 par value common stock to attorneys in payment of a bill for $24,600 for services performed in helping the company to incorporate.
Common Stock 20,500
Additional Paid-in Capital 4,100
Accounts Payable 24,600
June 12:
Issued 69,000 shares of $5 par value common stock for cash of $431,250.
Cash 431,250
Common Stock 345,000
Additional Paid-in Capital 86,250
July 11:
Issued 1,200 shares of $100 par value preferred stock for cash at $112 per share.
Cash 134,400
Preferred Stock 120,000
Additional Paid-in Capital 14,400
November 28:
Purchased 3,000 shares of treasury stock for $120,000.
Treasury Stock 120,000
Cash 120,000
Therefore, it is recommended to consult the company's specific accounting policies and guidelines for accurate journalization of transactions.
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John borrowed $6,000,000 for a period of 15 years.is interest rate is 8%. How much interest will John pay in all?
Based on the information given the amount of interest that John pay in all is his $7,200,000.
Interest:Using this formula
Interest=Amount borrowed×Number of years×Interest rate
Where:
Amount borrowed=$6,000,000
Number of years=15 years
Interest rate=8%
Let plug in the formula
Interest=$6,000,000×15×8%
Interest=$7,200,000
Inconclusion the amount of interest that John pay in all is his $7,200,000.
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american business students may be at a disadvantage because ________.
American business students may be at a disadvantage because of a narrow focus on domestic markets and limited exposure to international business practices.
While American business education offers comprehensive training in various areas of business, the primarily domestic focus of the curriculum can limit students' understanding of global markets and international business dynamics. In an increasingly interconnected and globalized economy, this lack of exposure to international perspectives and practices can put American business students at a disadvantage compared to their counterparts from other countries.
International business involves unique challenges, such as cultural differences, varying legal frameworks, and diverse market conditions. Students who have a broader understanding of international business practices and global markets are better equipped to navigate these complexities and seize opportunities beyond their home country. They can develop cross-cultural competence, adaptability, and a global mindset, which are crucial skills for success in today's global business environment.
Furthermore, globalization has led to the integration of economies and increased competition on a global scale. Businesses must be able to compete in international markets and understand the nuances of conducting business across borders. Exposure to international business practices can provide students with insights into different strategies, approaches, and market dynamics, fostering a more well-rounded and adaptable skill set.
To address this disadvantage, many business schools in the United States have recognized the importance of international exposure and have incorporated international components into their curricula. This may include study abroad programs, international internships, guest lectures by global business leaders, or collaborations with international partner institutions. These initiatives aim to broaden students' perspectives and equip them with the knowledge and skills necessary to succeed in the global business landscape.
In summary, the primarily domestic focus of American business education can put students at a disadvantage in today's globalized economy. Expanding the curriculum to include international perspectives and providing opportunities for exposure to global business practices can help bridge this gap and better prepare American business students for success in the international arena.
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The December 31, Year 1, financial statements of Edwards Co. (a privately held company) were available to be issued on March 1, Year 2, and were actually issued on March 3, Year 2. As of December 31, Year 1, Edwards Co. had 250,000 shares of common stock outstanding. On February 15, Year 2, Edwards Co. issued 500,000 more shares of common stock. As a result of this transaction, Edwards Co. must: __________
Because of those issued transaction, Edwards Co. must provide the disclosure about the stock issuance in the footnotes included with the December 31, Year 1 financial statements
A Footnote is a section for financial disclosure that shows how the numbers in the statement of financial position and cash flow statements were determined.
Here, there are various stocks in Edward Company which were issued in the accounting year.Hence, because of those issued transaction, Edwards Co. must provide the disclosure about the stock issuance in the footnotes included with the December 31, Year 1 financial statements
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_____ encompasses loyalty and a deep concern for an organization's welfare.
Affective commitment encompasses loyalty and a deep concern for an organization's welfare.
Affective commitment refers to a psychological attachment and emotional connection an individual develops towards an organization. It goes beyond mere job satisfaction and encompasses loyalty and a deep concern for the organization's welfare. Employees with high affective commitment feel a strong sense of belonging and identification with the organization's values, goals, and mission.
They are genuinely dedicated and willing to invest their time, effort, and energy to contribute to the organization's success. Affective commitment is driven by positive emotions, trust, and a belief in the organization's purpose, fostering long-term engagement, dedication, and a desire to support the organization through thick and thin.
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The total length of your apartment is 30 feet and the total width is 20 feet. What is the total area of the apartment?
Answer:
The answer should be 600
Explanation:
30x20=600
Celebrity endorsements are examples of ethical appeals.
True
False
Answer:
Celebrity endorsements are examples of ethical appeals.
True
False
Explanation:
true
Which demographic groups does Women in Motion serve?(keep it clear and short)
The demographic group Women in Motion serve is Women who are all talented and Young giving in their best contribution to Cinema.
What is demographic?
Demographic is referred to defining a set of populations based on the characteristics like age, gender, social status, education, qualification, and so on.
"Women in Motion" has referred to a kind of award which was given to effective young female personalities who are raising the position of women in society and providing a contribution to their growth.
The event has emerged as a go-to platform for starting discussions and influencing perceptions around the representation of women in the arts and entertainment industries.
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What is the common trait of all computer crimes?
A.
Damage done to computer technology belonging to others
B.
The theft of classified electronic information
C.
Remote access of someone else's computer workstation
D.
The use of computer technology to commit the crime
A common trait of all computer crimes is that it involves: D. the use of computer technology to commit the crime.
What is a computer crime?A computer crime is also referred to as cybercrime and it can be defined as a type of crime that typically involves the use of a computer and Internet to gain an unauthorized access to the personal resources of vulnerable (unsuspecting) users
This ultimately implies that, a common trait of all computer crimes is that it involves the use of computer technology to commit the crime such as stealing sensitive user data.
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if nominal income in a nation decreases, economists would predict the
If nominal income in a nation decreases, economists would predict that there will be a corresponding decrease in economic activity and consumption.
This is because nominal income measures the total amount of money earned by individuals and businesses, and a decrease in this figure typically indicates a decline in overall economic output. This decline can be attributed to a variety of factors, including a drop in consumer spending, reduced investment, or a decrease in government spending. Economists may also predict that a decrease in nominal income could lead to inflation, as the purchasing power of the currency is reduced. This can occur as businesses raise prices to maintain profitability in the face of reduced demand or as a result of decreased supply due to lower production levels. Inflation can have a number of negative effects on the economy, including decreased consumer purchasing power, reduced economic growth, and increased unemployment. Overall, a decrease in nominal income is generally seen as a negative economic indicator, as it suggests a decline in economic activity and may lead to inflation and other negative outcomes. Economists will typically monitor a variety of economic indicators, including nominal income, to better understand the state of the economy and to make predictions about future trends and outcomes.
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You are considering adding a new software title to those published by your highly successful software company. If you add the new product, it will use capacity on your disk duplicating machines that you had planned on using for your flagship product, "Battlin’ Bobby." You had planned on using the unused capacity to start selling "BB" on the west coast in two years. You would eventually have had to purchase additional duplicating machines 10 years from today, but using the capacity for your new product will require moving this purchase up to 2 years from today. If the new machines will cost $115,000 and will be depreciated straight-line over a 5-year period to a zero salvage value, your marginal tax rate is 32 percent, and your cost of capital is 16 percent, what is the opportunity cost associated with using the unused capacity for the new product? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)
The company would need to generate at least $61,091.13 in additional profits from the new product to make up for this opportunity cost. The opportunity cost associated with using the unused capacity for the new product is the cost of the additional duplicating machines that will need to be purchased two years earlier than planned.
This cost is calculated by determining the present value of the future cost of the machines, which is $115,000, using the company's cost of capital of 16 percent.
This gives a present value of $61,091.13. Therefore, the opportunity cost of using the unused capacity for the new product is -$61,091.13.
This negative value indicates that by using the capacity for the new product, the company is sacrificing the potential future profits that could have been generated by using it for Battlin' Bobby on the west coast in two years.
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What Came first, the color orange or the fruit?
The citrus definitely got named first. The earliest recorded use of orange the fruit in English is from the 1300s and came to us from the Old French orenge, adapted from the Arabic nāranj, from the Persian nārang, from the Sanskrit nāranga (“orange tree”)
Answer:
the fruit
Explanation:
The citrus definitely got named first. The earliest recorded use of orange the fruit in English is from the 1300s
Productivity, dependability, and responsibility are examples of skills that managers look for when determining who to promote within a company. Evaluate these three skills and another one or two that you come up with and explain how each skill could be helpful for an employee looking to get a promotion.
A dependable employee is an incredible asset to a company, as they make great coworkers, can be trusted to do their jobs. Productivity and responsibility are important aspects for the promotion.
What is a dependable employee?A dependable employee is a fantastic addition to a company because they make excellent teammates, can be trusted to execute their tasks without micromanagement, and empower others to accomplish their jobs effectively. As a result, being recognized as a dependable employee can help you stand out as an attractive prospect.
Every organization wants a productive employee who is responsible for the success of the organization as well as for his personal gains.
Being reliable implies doing what you say you'll do, when you say you'll do it. A reliable individual fosters trust by keeping himself/herself accountable and, if they lead others, their team members accountable as well.
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You sent a reinstatement application to the regulatory agency 75 days ago. You have not received a reply. At this point you should
Now that 75 days have passed without a response to your reinstatement application to the regulatory agency, it would be prudent to take proactive measures to find out the status of your application.
Think about physically going to the regulatory agency's location. You will be able to speak with someone directly, inquire about the status of your application, and obtain any necessary updates or information by doing this.
To find out how your application for reinstatement is progressing, you can also call them. Ask for clarity regarding the status of your application while remaining courteous and professional.
It's usually a good idea to be proactive when dealing with official procedures like reinstatement applications, and both contacting and physically visiting are efficient ways to learn the information you require about the status of your application.
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Your complete Question was as follows:
You sent a reinstatement application to the regulatory agency 75 days ago. You have not received a reply, at this point: To get information about the letter you sent them, a reinstatement application, or a reinstatement, you should personally visit them at their office or give them a call.
HELP A BRO OUT PLS I ALREADY LATE.
UNIT 2 activity.
The text provides tips and guidance on how to analyze a story that accompanies a healthy recipe.
What is the text about?It advises the reader to determine the author's point of view by identifying whether the writing is in first, second, or third person, which helps to understand how "close" the author is to the recipe. The closer the author is, the more trustworthy they may be as a source of healthy recipes.
The text argues that examining the story that accompanies a recipe is important because stories have a powerful way of influencing the decisions we make. By understanding the literary details in a story, we can better understand how our interaction with "food storytelling" can impact the food choices we make.
Finally, the text highlights the importance of accessing resources on the internet to improve our health but warns that stories can influence our decisions about the recipes we choose to make.
The part 2:
Would you categorize the Orecchiette with Spicy Broccoli Rabe as a healthy recipe? Why or why not?
To answer this question, it is important to consider the ingredients and nutritional information provided in the recipe. A healthy recipe typically includes nutrient-dense ingredients, limits added sugars and unhealthy fats, and provides a balance of macronutrients (protein, carbohydrates, and fat). It's also important to consider portion sizes.Do you trust this author as a source for healthy recipes?
The answer to this question will depend on one's assessment of the author's expertise and credibility when it comes to nutrition and healthy cooking. Factors to consider might include the author's credentials, experience in the field, and track record of providing accurate and helpful information.What are two recipes you found that seem healthier than the Orecchiette with Spicy Broccoli Rabe (please provide links to each recipe)? Why?
Again, this will depend on one's definition of "healthy" and the specific recipes available on the website. Some recipes that might be considered healthier could include those that are lower in calories, higher in protein or fiber, or contain a wider variety of nutrient-dense ingredients.What are two recipes you found that seem less healthy than the Orecchiette with Spicy Broccoli Rabe (please provide links to each recipe)? Why?
This will depend on one's definition of "less healthy" and the specific recipes available on the website. Some recipes that might be considered less healthy could include those that are high in calories, unhealthy fats, added sugars, or sodium.Of all the recipes you found, which one do you think is the healthiest?
This will depend on personal preference and one's definition of "healthy." It might be helpful to consider which recipes include a balance of macronutrients, a variety of nutrient-dense ingredients, and limited amounts of added sugars, unhealthy fats, and sodium.Do you think the recipe story above the Orecchiette with Spicy Broccoli Rabe gives you information that makes it easier to make a healthy choice?
This will depend on personal preference. Some people may find the story helpful in providing context and inspiration for the recipe, while others may prefer to go straight to the recipe without any additional information. Ultimately, it is up to the individual to decide what information they find helpful in making healthy food choices.Read more about healthy recipe here:
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See text below
Part 1
For this part of the activity, you'll be "picking apart" the story above the recipe by determining the author's point of view; distinguishing among fact, opinion and reasoned judgment in the story; and analyzing what the story says, as well as what inferences, or assumptions based on evidence, you may be able to draw from the text. It is precisely these kinds of literary details in the story that can influence our opinion of a recipe (and whether we decide to make it or not), so it is important to understand how our interaction with this kind of "food storytelling" can impact the food choices we make.
But first-a few tips.
When determining an author's point of view, consider whether the piece is written in first person, second person, or third person:
• First person will include words like "I" and "we"
Second person will include words like "you" and "you all"
Third person will include words like "he"/"she" and "them"
Part 2
Having considered all of these aspects of the story, take a look at the actual recipe. Once
you have familiarized yourself with the recipe, do a little exploring on
www.splendidtable.org
for other recipes.
Then, answer the following reflection questions in the same document you created in Part 1:
Would you categorize the Orecchiette with Spicy Broccoli Rabe as a healthy recipe? Why or why not?
The cost leadership strategy is intended to generate a competitive advantage by achieving costs that are lower than all competitors. Using Porter’s Five Forces, analyze how cost leadership helps neutralize each of the major threats in an industry.
The cost leadership strategy is a business technique aimed at achieving lower costs than other competitors and gaining a competitive edge. According to Michael Porter's Five Forces, it is a technique that helps to neutralize each of the significant threats in an industry.
The five forces that Porter established as the foundation of his theory are:1. Threat of new entrants2. Bargaining power of suppliers3. Bargaining power of buyers4. Threat of substitute products or services5. Rivalry among existing competitorsWhen implementing a cost leadership strategy, a company attempts to reduce its costs to the lowest level feasible while maintaining product quality.
When a company employs this strategy, the following are some of the advantages it achieves:Low prices for products or servicesHigher market share due to lower pricesEase of adapting to price changes from competitorsIncreased barriers to entry for new competitors
Reduced bargaining power of suppliers and buyersReduced risk of substitute products or servicesThe following is how cost leadership helps neutralize each of the significant threats in an industry:1. Threat of new entrants: This threat is reduced by high cost levels, which make it difficult for new competitors to enter the market.2. Bargaining power of suppliers:
High cost levels reduce supplier bargaining power because they require more money to stay in business and can be substituted with cheaper alternatives.3. Bargaining power of buyers: Cost leadership allows companies to sell goods and services at lower prices, giving them an edge in negotiations with buyers.4. Threat of substitute products or services:
Lower prices make it difficult for substitute products or services to compete.5. Rivalry among existing competitors: This threat is reduced when companies can sell at lower prices without sacrificing quality, making it challenging for competitors to compete on price alone.
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if the temperature of 100g of water increases from 10 to 45 °C, how much heat is absorbed? ( Specific heat of water = 4.184 j?/g °C)
its science btw
Answer:
62.76 Joules
Explanation:
By using the equation:
Q=mcΔT
Q is the energy input in joules.
m is the mass in grams/ kg.
c is the specific heat capacity, which can be given Joules per kg or Joules per gram per kelvin/Celcius. One must be observant if it is given in joules per kg per kelvin/Celcius, kilojoules per kg per kelvin/Celcius etc. Anyhow, In this case we take it as joule per gram.
ΔT is the temperature change ( in Kelvin or Celcius )
Hence :
Q=mcΔT
Q=(5×4.184×3)
Q=62.76J
Which type of product advertisement can be used to sell a company’s product when two or more other companies are selling the same product?
Answer:competitive advertising
Explanation:
I’m not for sure but I think that might be the answer
Answer: competitive advertising
Explanation:
if on online course it is what was right
A promotion budgeting method in which an organization matches whatever competitors are spending is the __________ method.
Answer: competitive-parity
Explanation:
How would the economy affect taking a overseas holiday
Answer: More stability increases chances of overseas holiday
Explanation:
Overseas holidays are comparatively more expensive than domestic holidays so more money would be needed to embark on one.
In order to make more money, a stable economy is needed where income is both being made and can be made from the opportunities that exist. This will enabled people to be able to save up for the holiday trip.
If however, the economy is not stable as is the case currently with the pandemic having ravaged the world, people will have less income to spare for saving for an overseas trip. This would reduce the instances of people going on overseas trips.
hat's bad about not having a store of value?
Not having a store of value can be problematic for individuals and businesses alike.
A store of value is a way to preserve wealth over time and protect against inflation. Without a store of value, money or assets can lose value quickly, making it difficult to maintain financial stability. Additionally, not having a store of value can make it harder to plan for the future, as there is no certainty about how much money will be worth over time. This can lead to uncertainty, anxiety, and financial stress. In short, not having a store of value can limit financial options and create financial insecurity.
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Basic on the general principle of entry modes for international expansion in Chapter 7, order the following in terms of the degree of ownership, control, and the extent of risk (which are correlated). Highest level of local ownership, control, and risk
A. When a restaurant chain, Sally's Salads, forges an agreement with local entities to run storefronts bearing the "Sally's Salads" restaurant name in order to sell its menu items to new markets
B. When a maker of playing cards begins to sell its products to a foreign market
C. When a pharmaceutical firm forms a partnership with another pharma firm to develop a medical intervention
D. When Walmart possesses ASDA in the United Kingdom as one of its portfolio companies Lowest level of local ownership, control, and risk
A. When a restaurant chain, Sally's Salads, forges an agreement with local entities to run storefronts bearing the "Sally's Salads" restaurant name in order to sell its menu items to new markets - This is an example of franchising, where the local entities have a high level of ownership and control over the operations, but also a higher level of risk as they are investing in the business.
C. When a pharmaceutical firm forms a partnership with another pharma firm to develop a medical intervention - This is an example of a joint venture, where both parties have a significant level of ownership and control over the venture, but also a higher level of risk due to the shared investment.
B. When a maker of playing cards begins to sell its products to a foreign market - This is an example of exporting, where the company has minimal ownership and control in the foreign market, but also a lower level of risk as they are not investing heavily in the market.
D. When Walmart possesses ASDA in the United Kingdom as one of its portfolio companies - This is an example of acquisition, where Walmart has a high level of ownership and control over ASDA, but also a lower level of risk as they are acquiring an established company with an existing customer base.
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Jerry needs a few extra bucks to fill his gas tank. His dad doesn't like giving him money, so although Jerry only needs about $20, he asks his dad for $50. The plan works perfectly: his dad scoffs at the request for $50, but he hands over $20 without complaint. Which technique has Jerry used
Jerry has used a technique known as the Door-in-the-Face technique to obtain the desired amount of money from his dad.
The technique used by Jerry is known as the Door-in-the-Face technique. This technique involves making an initial larger request, which is likely to be rejected, followed by a smaller request that is more reasonable and likely to be accepted. In this case, Jerry initially asks his dad for $50, knowing that it is a high amount that his dad is likely to refuse. By making this larger request, Jerry creates a contrast effect where the second request of $20 seems more reasonable and manageable in comparison. Jerry's dad, perceiving the second request as a compromise, is more likely to agree to it, as he may feel that he has already made a concession by not giving the full amount Jerry initially asked for. By employing the Door-in-the-Face technique, Jerry successfully obtains the money he needs without his dad's suspicion or objection.
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Given the following information about Wildhorse Sporting Goods, Inc., construct a balance sheet for June 30, 2017. On that date, the firm had cash and marketable securities of $25,135, accounts receivables of $43,758, an inventory of $168,700, net fixed assets of $325,500, and other assets of $13,125. It had accounts payables of $67,855, notes payables of $36,454, long-term debt of $223,200, and common stock of $150,000. How much-retained earnings did the firm have?
Retained earnings
The Pharoah Company has disclosed the following financial information in its annual reports for the period ending March 31, 2017: sales of $1.416 million, cost of goods sold of $815,000, depreciation expenses of $175,000, and interest expenses of $89,575. Assume that the firm has an average tax rate of 35 percent. Compute the cash flows to investors from operating activity.
Cash flow from operating activity
Pharoah Electronics reported the following information at its annual meetings: The company had cash and marketable securities worth $1,235,455, accounts payables worth $4,159,357, inventory of $7,177,700, accounts receivables of $3,469,300, short-term notes payable worth $1,133,300, and other current assets of $121,455. What is the company's net working capital?
Balance Sheet for Wildhorse Sporting Goods, Inc. as of June 30, 2017
Assets:
Cash and Marketable Securities: $25,135
Accounts Receivable: $43,758
Inventory: $168,700
Net Fixed Assets: $325,500
Other Assets: $13,125
Total Assets: $576,218
Liabilities:
Accounts Payable: $67,855
Notes Payable: $36,454
Long-term Debt: $223,200
Total Liabilities: $327,509
Equity:
Common Stock: $150,000
Retained Earnings: $98,709
Total Liabilities and Equity: $576,218
Therefore, the retained earnings for Wildhorse Sporting Goods, Inc. is $98,709.
Cash flows to investors from operating activity for Pharoah Company:
Operating Income = Sales - Cost of Goods Sold - Depreciation Expenses - Interest Expenses
Operating Income = $1,416,000 - $815,000 - $175,000 - $89,575 = $336,425
Taxes = Operating Income x Tax Rate = $336,425 x 0.35 = $117,698.75
Cash Flows to Investors from Operating Activity = Operating Income - Taxes = $336,425 - $117,698.75 = $218,726.25
Therefore, the cash flows to investors from operating activity for Pharoah Company is $218,726.25.
Net Working Capital for Pharoah Electronics:
Net Working Capital = Current Assets - Current Liabilities
Net Working Capital = ($1,235,455 + $3,469,300 + $7,177,700 + $121,455) - ($4,159,357 + $1,133,300)
Net Working Capital = $11,004,910 - $5,292,657
Net Working Capital = $5,712,253
Therefore, the net working capital for Pharoah Electronics is $5,712,253.
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Under what conditions should a sponsor approve a project change, and when is it okay for the project manager to authorize a change? a. Sponsor approval is needed if a change requires additional funding; a project manager is generally authorized to make most other decisions b. Sponsor approval is needed only if the project manager is not available c. Sponsor approval is always needed d. Sponsor approval is needed if a change requires a change to the project charter; a project manager is generally authorized to make most other decisions
Answer:
never
Explanation:
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.
which type of law defines the rights and duties among people and private businesses?
The type of law that defines the rights and duties among people and private businesses is known as civil law. Civil law encompasses legal rules and regulations.
Civil law is a branch of law that focuses on resolving disputes and maintaining harmony among individuals and private businesses. It establishes a framework for interactions and transactions between parties, outlining their rights and obligations. Civil law addresses various aspects of private life, such as contracts, property rights, torts, family law, and commercial law.
In civil law, the rights and duties of individuals and businesses are defined through statutes, regulations, and legal precedents. These laws provide guidelines on how individuals should conduct themselves in their interactions with others and outline the consequences for breaching legal obligations. Civil law aims to protect the rights of individuals and businesses, resolve disputes, and ensure fair compensation or restitution in cases of harm or wrongdoing.
The primary goal of civil law is to maintain a functioning and equitable society by establishing a legal framework that governs the relationships and interactions among individuals and private businesses. It seeks to strike a balance between the rights and duties of parties involved, providing a mechanism for resolving conflicts and enforcing legal obligations. By defining and upholding these rights and duties, civil law plays a crucial role in promoting fairness, justice, and stability in private relationships and commercial transactions.
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4. You need to be _________ about your income and expenses to create an accurate budget for yourself.
A. Fixed
B. Variable
C. Wishful
D. Realistic
your answer is no D which is Realistic.
Which control standard is stated most effectively?
Multiple Choice
Praise employees more often this month.
Empower employees to make more decisions next year.
Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.
Cut the number of finished product rejects.
The control standard that is stated most effectively is: Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.
What is meant by the term control standard?This is the term that is used to refer to all of the set standards in an organization that has the ability of taking care of several measures as well as their control and all forms of corrective measures.
It helps in the comparison of the subsequent performance with the performance that used to exist.
Hence we would say that the answer is Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.
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write a conditional that assigns 10,000 to bonus if the goods_sold is greater than 500,000.
Create a conditional that, if the variable goods sold value is larger than 500,000, will allocate 10,000 to the variable bonus. if (goodsSold > 500000), the bonus is $ 100,000
Variables are all the components that might change during an experiment. The independent variable in your experiment is the one you can change and control. The answers of the independent variable have an impact on the dependent variable, over which you have no control. Consider conducting an experiment to find out how different sweeteners affect the density of cupcakes. The sort of sugar you add can be customized, thus that makes it the independent variable. Density would be the dependent variable because it is dependent on the kind of sugar used. A variable is a value that could change based on the details of an experiment or the parameters of a mathematical problem.
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which type of consumer product is purchased infrequently and takes an extensive amount of time to make the purchase decision?
Purchase infrequently and takes an extensive amount of time to make the purchase.The word “speciality” should be substituted in its place. A customer wouldn’t accept a substitute for a specialised product.
Customers would actively seek out these products because of their distinctive features or the brand name itself. Consumer products are goods that satisfy the wants or needs of a consumer.There may be both affordable and useful as well as expensive and hardly purchased options.Consumer goods are finished things that are offered for sale to consumers.The qualities of products that a potential consumer may not initially want, such as very few purchases and limited distribution, make knowledge crucial. This category of consumer goods is unwelcome.Unwanted products are those that consumers do not know about or generally do not consider buying, and whose purchases are motivated by risk aversion or lack of desire.Reference books, encyclopaedias.
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Problem 3 (8 marks) The income statement for Maxwell Ltd on December 31, 2021, of the entity before any adjustments for the asset held for sale was as follows: Revenue Operating Expenses. Other Income Other Expenses Income tax expense Net income $1,950,000 $ 670,800 $ 14,300 $ 17,100 $ 306,336 970,064 On August 31, 2021, the company's board resolved to sell one of its three divisions in order to focus on further developing the other more successful divisions. The division to be held for sale had revenues of $365,400 and operating expenses of $310,800. These amounts are included in the above income statement. Assume Maxwell Ltd. has an income tax rate of 24%. Maxwell Ltd. has also noted that the Property, Plant and Equipment account of the division for sale holds capital assets with a book value of $1,380,000 as at August 31, 2021. The fair value of the PPE, $1,530,000. The cost to sell is 5% of the fair value. Required: Prepare a revised statement of income for the year ended December 31, 2021 in good form. (Hint: remember to calculate the gain/loss on discontinued operations)
the correct option is a revised statement of income for the year ended December 31, 2021 in good form.
Income statement is one of the financial statements that show the revenues and expenses for a specific accounting period. The equipment account is an asset account that keeps track of the cost of the equipment acquired for use in the business.
The gain/loss from discontinued operations is the amount of profit or loss incurred by the company when they cease or plan to cease a portion of their operations. It should be reported separately on the income statement. Discontinued operations should be reported as a separate line item, and the after-tax amount of any gains or losses should be included in net income. If the company makes a profit on the sale of an asset held for sale, it should be recorded as a gain from discontinued operations on the income statement. Similarly, if the company incurs a loss from the sale of an asset held for sale, it should be recorded as a loss from discontinued operations on the income statement.
Given that the income tax rate of Maxwell Ltd is 24%.The property, plant, and equipment account for the division being sold have capital assets worth $1,380,000 in book value and $1,530,000 in fair value.
The cost of sales is 5% of the fair value.Statement of Income:Revenue = $1,950,000 - $365,400 = $1,584,600. Operating Expenses = $670,800 - $310,800 = $360,000 Other Income = $14,300Other Expenses = $17,100 Net Income = $306,336 - (306,336*24%) = $232,752 Gain from Discontinued Operations = $1,530,000 - ($1,530,000*5%) - $1,380,000 = $57,150Statement of Income:
Revenue = $1,584,600Operating Expenses = $360,000 Other Income = $14,300 Other Expenses = $17,100Net Income = $232,752 Gain from Discontinued Operations = $57,150Income from Continuing Operations = $232,752 - $57,150 = $175,602.
Thus, the revised statement of income for the year ended December 31, 2021, in good form is:
Statement of IncomeParticulars
AmountRevenue$1,584,600 Operating Expenses$360,000 Other Income$14,300Other Expenses$17,100
Net Income from Continuing Operations$175,602Gain from Discontinued Operations$57,150Net Income$232,752 .
Hence, the correct option is a revised statement of income for the year ended December 31, 2021 in good form.
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