The closing entry for salaries expense includes a debit to retained earnings. Salaries Expense is closed with a credit because it has a typical debit balance. Retained Earnings are debited to make up the offset.
The part of a firm's net income that administration keeps for internal use as opposed to giving it as dividends to shareholders is known as retained earnings. The total amount of revenues that have not yet been distributed to shareholders is known as retained earnings. Additionally, these monies are kept in reserve to be used for debt repayment or reinvested back into the business as acquisitions of fixed assets. Dividends are paid out or assigned are subtracted from the total of all earnings and losses to arrive at retained earnings. Sales revenue, cost of products sold, operating costs, tax, and any other profits or losses related to the firm are all taken into consideration when calculating profit and loss. The accountant will deduct all dividend, whether they are stock or dividend payouts, from the entire value of profit and loss to reach at retained profits.
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Jobs that require lower level skills have better benefits, like health insurance, than jobs that require a college education. Please select the best answer from the choices provided T F
Answer:
False, jobs requiring a higher level of education have more benefits than jobs that require minimal education.
Answer: f
Explanation:
i will give brainiest if right please answer, Parker wants to develop new food sources for less-developed countries. He was raised on a farm, but doesn't plan to be a farmer. What kinds of careers should he consider?
Jason keeps a record of his transactions in a notebook. Looking over his records for the past two weeks, Jason finds that his bank statement does not match his notebook, and he actually has less money than he thought he did. These are the relevant entries in Jason’s notebook: Transaction Debit ($) Credit ($) Beginning Balance 578. 65 Rent 275. 60 --- Paycheck --- 363. 20 Charitable donation 20. 00 --- Keyboard 63. 29 --- Refund on purchase --- 21. 19 Groceries 44. 08 --- Microwave 68. 74 --- Ending Balance 491. 33 However, Jason’s bank statement says that his ending balance is $473. 33. Which of the following is a possible explanation for the discrepancy? a. Jason actually made two $20 charitable donations but forgot to write one of them down. B. Jason listed the refund as a credit, but it should be a debit. C. Jason listed the groceries out of habit, but he did not actually purchase them this week. D. Jason transposed the digits on the microwave’s price, which actually cost $86. 74.
The explanation to the discrepancy arising in Jason's accounts and his bank statement is "Jason transposed the digits on the microwave’s price, which actually cost $86. 74." This can be calculated by reconciling the balance of accounts and bank passbook.
What is reconciliation statement?Reconciliation statement refers to a statement that is prepared to match the accounting balance with the balances in bank passbook. The differences arising due due omission, commission, duplication, or error of principal are given proper effect in the reconciliation to match account with the bank balances.
The answer to the given question can be justified as follows:
Given:
Ending balance as per accounts is $491.33.
Ending balance as per bank statement $473.33
Difference in ending balance is \(\%491.33 - \$473.33 = \$18\)
The only statement that justifies the difference of $18 is that the digits of microwave has been transposed from $86.74 to $68.74.
The difference so arising from this error is $86.74 - $68.74 i.e. $18
Hence the correct statement is D
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Select the correct answer.
Kelly paid salary to her employees at the end of the month. What will be the journal entry for the given financial transaction?
A. Employee Account - Debit
Employee Account - Debit
B.
C. Salary Account - Debit
D. Salary Account - Debit
Cash Account - Credit
Kelly Account - Credit
Cash Account - Credit
Kelly Account - Credit
Reset
Next
Answer:
Explanation
Answer will be
C
Salary Account Debit
Cash Account Credit
What is the primary purpose of marketing?
The primary purpose of marketing is to promote a product or service in order to attract and retain customers.
This involves researching and understanding the needs and desires of the target audience, developing a marketing strategy that effectively communicates the benefits of the product or service, and implementing and monitoring the marketing campaign to ensure it is achieving its desired results. Marketing is essential for businesses to succeed in a competitive marketplace and helps to build brand awareness and loyalty among consumers.Marketing involves a range of activities, including researching consumer preferences, developing and promoting products and services, determining pricing and distribution strategies, and building relationships with customers. The ultimate goal of these activities is to create value for customers and generate revenue and profits for the business or organization.
Marketing is an essential part of any business or organization, as it allows them to understand and respond to customer needs, differentiate their products or services from those of competitors, and build brand awareness and loyalty.
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One of the historical trading abuses in the mutual fund industry was allowing selected investors to rapidly trade in and out of a mutual fund in order to profit on stale prices. This practice is called:
The practice of the investors who trade in and out of the fund in order to make profit is known as Market timing.
Market timing is defined as the predictions an investor makes about price movement.
In other word, the strategy is when investor tries to identify the best times to be in the market and when to get out.In conclusion, the practice of the investors who trade in and out of the fund in order to make profit is known as Market timing.
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Workers typically get dirty if they work at a job site for
both the Construction and Design pathways.
both the Construction and Maintenance pathways.
the Maintenance pathway only.
the Design pathway only.
Answer:
b
Explanation:
B
Concern for the environment among consumers causes consumers to substitute away from traditional autos to electric-powered autos.
Equilibrium quantity: Increases / Decreases
Equilibrium price: Increases / Decreases
Answer:
the equilibrium price and quantity of traditional autos decreases
the equilibrium price and quantity of electric cars increases
Explanation:
Due to the decrease in demand for traditional autos, there would be a leftward shift of the demand curve for traditional autos. As a result, equilibrium price and quantity would fall.
Due to the increase in demand for electric-powered autos, there would be a rightward shift of the demand curve for traditional autos. As a result, equilibrium price and quantity would increase.
Please check the attached images for graphical illustrations
if common stock is issued for an amount greater than par value, the excess should be credited to
Answer:
Cash
Explanation:
If common stock is issued for an amount greater than par value, the excess should be credited to: Cash.
hope that help you :)
Problem 16-11 You are considering the purchase of a convertible bond issued by Bildon Enterprises, a non-investment-grade medical services firm. The issue has seven years to maturity and pays a semiannual coupon rate of 7.425% (.e., 3.7125% per period). The issue is callable by the company at par and can be converted into 48.846 shares of Bildon common stock. The bond currently sells for $970 (relative to par value of $1,000), and Bildon stock trades at $12.140 a share. a. Calculate the current conversion value for the bond. Do not round intermediate calculations. Round your answer to the nearest cent. $ Is the conversion option embedded in this bond in the money or out of the money? The conversion option embedded is this bond is: -Select- -Select b. Calculate the conversion parity price for Bildon s in the money Jake conversion of the bond profitable. Do not round intermediate calculations. Round your answer to the nearest cent. out of the money $ c. Bildon does not currently pay its shareholders a dividend, having suspended these distributions six months ago. What is the payback (i.e., breakeven time) for this convertible security, and how should it be interpreted? Do not round intermediate calculations. Round your answer to two decimal places. The payback period would be years. This is -Select- as the bond matures in 7 years. d. Calculate the convertible's current yield to maturity. Do not round intermediate calculations. Round your answer to two decimal places. % If a "straight" Bildon fixed-income issue with the same cash flows would yield 9.25%, calculate the net value of the combined options (i.e., the issuer's call and the investor's conversion) embedded in the bond. Do not round intermediate calculations. Round your answer to the nearest cent. $
The net value of the combined options embedded in the bond is $168.13.
a. To calculate the current conversion value of the bond, we need to multiply the conversion ratio by the current stock price:
Conversion value = Conversion ratio * Stock price
= 48.846 * $12.140
= $592.41
The current conversion value for the bond is $592.41.
b. The conversion option embedded in this bond is in the money if the conversion parity price is lower than the current stock price. To calculate the conversion parity price, we divide the bond price by the conversion ratio:
Conversion parity price = Bond price / Conversion ratio
= $970 / 48.846
= $19.87
Since the current stock price ($12.140) is lower than the conversion parity price ($19.87), the conversion option is out of the money.
c. The payback period for this convertible security is the time it takes for the accumulated coupon payments to equal the conversion value. We can calculate it by dividing the bond price by the semiannual coupon payment:
Payback period = Bond price / (Coupon rate / 2)
= $970 / (3.7125% / 2)
= 52.19 periods
Since each period is 6 months (semiannual), the payback period would be 52.19 * 6 = 313.14 months or approximately 26.09 years. This is longer than the maturity of the bond (7 years), indicating that the payback period exceeds the bond's remaining life.
d. The current yield to maturity (YTM) can be calculated using the bond price, coupon payments, and the remaining years to maturity. Since the bond pays semiannual coupons, the YTM is the semiannual yield, which can be multiplied by 2 to obtain the annual yield:
Current yield to maturity = (Coupon payment / Bond price) * 2
= (3.7125% / $970) * 2
= 0.00764 * 2
= 0.01528 or 1.53%
The convertible's current yield to maturity is 1.53%.
e. To calculate the net value of the combined options embedded in the bond, we need to subtract the straight bond value from the bond price:
Net value of combined options = Bond price - Straight bond value
The straight bond value can be calculated by discounting the bond's cash flows at the yield rate of 9.25%. Since the bond pays semiannual coupons, we need to adjust the yield rate accordingly. Let's calculate the straight bond value:
Coupon payment = $1,000 * 3.7125% = $37.125
Semiannual yield rate = 9.25% / 2 = 4.625%
Straight bond value = (Coupon payment / Semiannual yield rate) * (1 - (1 / (1 + Semiannual yield rate)^remaining periods))
= ($37.125 / 4.625%) * (1 - (1 / (1 + 4.625%)^14))
= $801.87
Net value of combined options = $970 - $801.87
= $168.13
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what might happen if the government creates more money to cover a large deficit?
If the government creates more money to cover a large deficit, it can lead to several economic consequences, including inflation and a decrease in the value of the currency.
When the government creates more money, it increases the supply of money in circulation, leading to a decrease in the value of each unit of currency. This can lead to higher prices for goods and services, as the value of money decreases, and people need more money to purchase the same things.
Inflation can be harmful to the economy as it reduces the purchasing power of individuals, making it harder for them to afford basic necessities. It can also lead to higher interest rates, as lenders demand compensation for the decreasing value of the money they lend out.
Creating more money to cover a deficit can also lead to a decrease in investor confidence and lower foreign investment, as other countries may view the country's economic policies as unstable. Overall, creating more money to cover a large deficit can have negative economic consequences that can impact the long-term health of the economy.
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An ice cream manufacturer makes ice cream in two processes, Mixing and Packaging. During April, its first month of business, the Packaging department ransferred 200,000 units and $700,000 of production costs to finished goods. What is the cost to produce one unit of ice cream during Apri? Multiple Choice 53.50 $3.60 5370 5380
The cost to produce one unit of ice cream during April is is $3.60. The correct answer is option B.
To determine the cost to produce one unit of ice cream during April, we need to divide the total production costs by the number of units transferred to finished goods.
Given that the Packaging department transferred 200,000 units and $700,000 of production costs to finished goods, we can calculate the cost per unit as follows:
Cost per unit = Total production costs / Number of units transferred
Cost per unit = $700,000 / 200,000 units
Cost per unit = $3.50
Therefore, the cost to produce one unit of ice cream during April is $3.50.
Among the options provided, the closest answer is $3.60.
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In her job as a pharmacy technician, Imani measures precise doses of medication for patients. What type of skill is this?
A. technical
B. soft
C. collaborative
D. academic
Based on the fact that Imani needs to precisely measure doses of medication for patients, this type of skill is a A. Technical skill.
What is a technical skill?A technical skill refers to one that a person gets from having specialized knowledge in several types of specialized tasks and projects.
The skill to be able to measure precise doses of medication that Imani has is a specialized knowledge that helps her in the pharmaceutical industry which makes it a technical skill.
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Please help worth bonus points!
Answer:
the 4th and 5th one is for france
Explanation:
this is done in france France, it is called french silver service, it's a method of food service at the table, it's known as à l'anglaise (English service)
4=the staff utilizes platters to serve cooked food
5=the last one
1= america, the first one.
2=Russia
3=russia
if I got anything mixed up, pls inform me.
HELP PLEASE
What should happen after one determines a company's quality control process
meets the company's quality standards?
Each member of the quality control team must confirm that the process is
effective before the process can become permanent.
An internal team should review the results of product testing and look for ways
to refine and improve upon the quality control process.
An internal team should review the results of product testing and sign off on the
process to confirm it is effective.
The process should not be revised again.
Answer:
It should be "An internal team should review the results of product testing and look for ways to refine and improve upon the quality control process."
Explanation:
When one determines a company's quality control process meets the company's quality standards then an internal team should review the results of product testing and look for ways to refine and improve upon the quality control process. The correct option is b.
What is quality control?Quality control is a critical component of a well-run business. A quality control program helps ensure your small business delivers a consistent product, service and customer experience.
In addition, developing quality control processes allows the business to operate without someone's daily presence, so expanding to new locations, delegating responsibilities and even selling the business when the time comes is easier. Business growth requires paying careful attention to dollars and people, and quality control helps ensure we are monitoring both. If the products or services are of poor quality, we will spend a lot of time and money redoing them, cutting your profit margins.
Quality control processes can be used in all types of companies, whether they are product-based or service-based, B2B or B2C.
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which of the following pairs of companies would be least likely to be examined together as part of competitor analysis? a. coca-cola and pepsico b. wendy's and taco bell c. netflix and microsoft d. samsung and apple
The pair of companies that would be least likely to be examined together as part of competitor analysis would be Netflix and Microsoft. Option C
While both companies operate in the technology industry, their specific products and services are vastly different. Netflix is primarily a subscription-based streaming service for movies and TV shows, while Microsoft is known for its software products such as Windows and Office.
On the other hand, the other pairs of companies listed are more likely to be examined together as part of competitor analysis. Coca-Cola and PepsiCo are both major players in the beverage industry and have a long-standing rivalry. Wendy's and Taco Bell are both fast-food chains that compete for customers in the same market. Samsung and Apple are both tech giants that compete in the mobile phone and electronics industry.
When conducting competitor analysis, it is important to examine companies that operate in the same market and offer similar products or services. This allows for a more accurate comparison and evaluation of strengths and weaknesses. Examining companies that are too different from each other may not provide useful insights or relevant data. So, option C is correct.
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The ___________ is the only price where quantity demanded is equal to quantity supplied. Group of answer choices equilibrium price horizontal axis intercept vertical axis intercept market price Flag this Question Question 142 pts The downward slope of the demand curve again illustrates the pattern that as _____________ rises, _________________ decreases. Group of answer choices
Answer:
Equilibrium price; price; quantity demanded.
Explanation:
Demand can be defined as the amount or quantity of goods and services that are being desired or required by the consumers and that they are willing to pay a price for.
The law of demand states that there is a negative relationship between the price of a good and the quantity of the good demanded.
This ultimately implies that, when the prices of goods and services in the market increases or rises: there would be a significant decline or fall in the demand for this goods and services.
Hence, the equilibrium price is the only price where quantity demanded is equal to quantity supplied. This is simply the point where there is an agreement between the quantity of goods produced by the manufacturer and the quantity of goods desired by the consumers, thus, both the desires of the producer and consumers are in sync.
The downward slope of the demand curve again illustrates the pattern that as price rises, quantity demanded decreases. This ultimately implies that, when the price at which a manufacturer, wholesaler or retailer increases, the quantity of goods demanded by the consumer would decrease and vice-versa.
Answer:
the correct answer is equilibrium price
Explanation:
(econ1101)
Which of the following businesses is using an incentive?
A. Company B, where there is conflict between the workers and the
management
B. Company C, where the government is intervening to prevent fraud
C. Company A, where the employees have voted for a four-day
workweek instead of a pay increase
D. Company D, where there is a greater demand for a product than
can be met
Answer:
d
Explanation:
what features does each financial institutions have
A tax imposed by a government on goods entering at its borders is most accurately termed as a(n) _____.
A tax imposed by a government on goods entering at its borders is most accurately termed as customs duty. It is a tax imposed on imports and exports of goods.
What is Custom Duty?The charge levied on products as they are carried across international boundaries is referred to as a customs duty. It is, in the simplest words, the tax imposed on commodities that are imported and exported. This obligation is used by the government to increase income, protect domestic industries, and control the flow of commodities.
The place of manufacture and the material used to make the goods affect the customs duty rate.
The Customs Act of 1962 defines custom duty in India, and the Central Board of Excise & Customs oversees all aspects pertaining to it (CBEC).
The government's estimated customs income for the fiscal years 2020–21 was Rs 1,38,000 crore.
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.1.3. Briefly explain the Economic term land
Answer:
In economics, the resource that encompasses the natural resources used in production. ... Land was considered to be the “original and inexhaustible gift of nature.” In modern economics, it is broadly defined to include all that nature provides, including minerals, forest products, and water and land resources.
Answer:
land is a free gift of nature and the foundation of production
diana's editorial business was not growing and she sought ways to expand her client list. she recognized that technology provided opportunities to bring on new customers, so she instituted a training program for her employees. which factor of production is described here? multiple choice labor capital knowledge economics
The factor of production described in this scenario is "knowledge." So, the correct answer is knowledge."
The factor of production described in this scenario is "knowledge." Knowledge refers to the information, skills, and expertise possessed by individuals that can be utilized to improve productivity, create innovative solutions, and drive business growth.
In Diana's case, she recognized that utilizing technology and providing training to her employees would enhance their knowledge and enable them to better leverage technology to expand the client list. By investing in the training program, Diana aimed to equip her employees with the necessary skills and knowledge to utilize technology effectively, thus improving the productivity and competitiveness of her editorial business.
Labor refers to the human effort and physical work contributed to the production process. While Diana's employees are involved in the implementation of the training program, the focus here is specifically on enhancing their knowledge rather than the physical labor they perform.
Capital generally refers to the financial and physical assets used in the production process, such as machinery, equipment, and infrastructure. Although technology is mentioned in the scenario, it is more closely related to knowledge as a means to enhance productivity rather than capital itself.
Economics, on the other hand, is a broader field encompassing the study of production, consumption, and distribution of goods and services. While the scenario relates to economic decisions, the specific factor of production being described is knowledge.
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true or false: a change in one of the determinants of supply results in a movement along the supply curve.
A supply curve is a graph that illustrates how a change in a product's price impacts the volume of supplies a seller provides.
The horizontal x-axis displays the quantity supplied, while the vertical y-axis displays the price.
For the majority of items, the curve will have an upward, positive slope, signifying a strong correlation between the two values. In other words, the more of a good or service a seller has on hand, the higher the price of it. For instance, if the cost of a lawnmower rises, or the price a customer pays, a hardware store would stock more in an effort to raise its profit margin.
The two different supply curve types are individual and market.
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How to be a successful entrepreneur?
Answer:
Don’t take ‘no’ for an answer
Learn from the best
Stay hungry and ambitious
Never stand still; evolve with the times
Nurture long-term business relationships
Inspire those around you
Trust your gut instinct, not just your spreadsheet
Explanation:
It takes hard work and dedication and they are many free sources that is available today such as videos
PLEASE HELP WILL MARK BRAINLIEST
Answer:
the answer is true
Explanation:
Which type of insurance covers preventive care and medical treatment?
George has a monthly income gross of 3500 and his monthly debt payments are 325 car payments 290 student loan payment 930 mortgage payment and 400 in credit card payment what is the total debt to income ratio rounded to the nearest percent
A standard rule of thumb is to preserve your ordinary debt-to-income ratio at or under 43%.
What debt-to-income ratio is too high?Debt-to-income ratio is your monthly debt obligations compared to your gross month-to-month income (before taxes), expressed as a percentage. A excellent debt-to-income ratio is less than or equal to 36%. Any debt-to-income ratio above 43% is regarded to be too lots debt.
What is the easiest debt-to-income ratio for a mortgage?Ideal debt-to-income ratio for a mortgage
In phrases of your front-end and back-end ratios, lenders normally seem to be for the best front-end ratio to be no greater than 28 percent, and the back-end ratio, together with all month-to-month debts, to be no greater than 36 percent.
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Rita's home office deduction be if business generated $10,900 of gross income instead of $15,900 would be $8,200.
What is gross income?The total of all wages, salaries, profits, interest payments, rents, and other sources of income for both families and individuals, before any deductions or taxes, is known as gross income. Net income is determined as gross income less all taxes and other deductions. Net income is the inverse of gross income. A company's gross income is determined before deducting overhead, payroll, taxes, and interest payments. It is the difference between revenue and the cost of producing a good or providing a service. This is different from operating profit. Technically, gross margin should be used when discussing a percentage or ratio while gross profit should be used when discussing a monetary amount. To put it another way, gross profit is expressed in terms of money, whereas gross margin is expressed as a percentage.
Computation of Rita’s home office deduction for the current year if Gross income is $10,900:
Rita’s home office deduction will be limited to =300square feet × $5 application rate= $1,500.
However, she can deduct the expenses relating to interest and taxes = $6,700 as itemized deductions.
Thus, total deductions = $1,500+ $6,700 = $8,200.
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S.
Economics
Explain the term "Budget"
In terms of SUPPLY, what factors have contributed to the fall in oil prices?